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HUNT'S MERCHANTS' MAGAZINE,
aHPRE3BNriNQ THE INDUSTRIAL AND COMMERCIAL INTERESTS OP THE UNITED STATES,
VOL.
45.
SATURDAY, DECEMBER
CONTENTS.
Week XtiMat Sm. M.
THE CHRONICLE
Clearing Houae Rrtums
715
Thfi FlnanolRl SlruBtion
. 716
<3banK('8 In National tankSysteni
The DrMsed-Beef Ha'eWiir.
The Oregon Railway & Navl»tatli>ii
KR
The Growth
1897.
Financial Review of November 724
United States Treasury atatemoi.t
725
719
Monetary
and
7i.O
£ngll!>b
NewK
Commercial
(SUKki
News.
Hartford
+99
(1,S4S.483)
(5T«,400)
(76.387,0601
(lO,!Me,000)
(8.B80,4IM) (,-*St»)
(8,437.778)
(370,800) (+B8-8
(MMJOO)
(35,ll«,000) :tiM-3) (13S,8ft4.4><7)
(41,417,(i0u) (-74-8,
(33.458,000)
t-7f3
78,838,051
4,819,900
l,44t.4IM
l»^.»01
—
PortlHnd.,..
%}xz ^hrotticlje.
in
Adrance
For One Y«ar (Includlui? postage)
For Rli Months
di).
Eunipeun Kulwcrlptlon (inalading pogtai;e)
Anuimi Hubscrlpttun In London (inoludin.i? postage)......
Blx Mo8.
do
do
do
These price? Include the Investors' Sdpplkhbnt, of
Issaed once in two months, and furnished without extra
6 10
11 28
£2
7a.
£1
88.
120 p*ges
charge to
London AKents:
Messrs Edwards A Smitu, 1 Urapem' (iurdena, E. C, who will take
vabsoriptious and advertisements and supply single copies of the paper
at Is. each.
yoHS
o.
B.
DANA
rLorD.
WIljI^XA'n B.
DA^A
102 'William
4c
Street,
948.8 '4
1,048,174
Worcester...
siisiHas
wc.ow
831.887
776,178
^lOirell.
fi06,30«
4S8,(I83
....
Co., Pnbllahers,
NEtV YUtCK.
Post Office box 958.
1,841.831!
l,116,97rt
-2-6
+19-S
-HO-8
90,494,184
-»8
60,491,138
9,46».Wi5
10.087,754
S3.92fl,»7«
+18-8
9.887.402
11,433,870
-11-8
80,047,717
74.717,844
+ri
48.880.776
-f91-6
Denver
S6,e21.830
9,008,990
4,892.»44
3,491,448
1,799,739
3.013.890
8,138.771
1.157,381
8,911,783
4,873,395
i,»9e,i«4
Paul
4,043,!IOS
New
Bngland.
Balilmure
Total Mldilla..
Chlcaffo
Ctnclnnatl
Milwaukee....
Detroit
Indianapolis...
Cleveland
Columbua
Peoria
Omaha
Minneapolis...
Grand Rapldl..
514.4S0
080.888
Wlohita
On page 732 will be found the detailed returns, by States Dnluth*
«f the National banks, under the Comptroller's call of October Topeka*
Total Western.
5, kindly furnished us by Mr. Tvenholm.
Previous returns
—
.
. .
10.71 1,550
—15-9
4,U4<M9e
-1-161
H-ld-p
-ri8-5
8.939,683
1,518,1180
-(•S5-8
-I-S4-S
-l-SltJ
-l-sa-4
9,313,2801
3.463,533
1,348,493
3,718,480
418.840
408,517
-t4a-s
+8-8
+14-6
+aT3
-t-iira
4-i3i>
+65-4
-f8-l
70,908.969
18,113,188
1S,70»,717
-|-li5-4
-«-8
96.:
70.7V8.S98
1I,5;5,0SU
4,960,915
4,H6t,S86
»,776,88«
+88-4
-l-U-A
-l-iet
3,5911,406
2,536.330
+8*0
I, .978.491
-1-87^
S,8H0,37U
6,48i,887
8,861,430
4,687,787
637,797
743,147
3,653,110
-t^-l
--1»»
88,7e5.0iB
+168
119,367,741
14,683.899
1.4.0,&00
11,944,H«1
+b-S
+27-8
+18-0
4,«4«,87t)
1S.949,S40
1,113.173
10,128,437
8,846.057
17,460.230
1,546.311
14.471.753
6.818.713
6. 1 70.1 a-2.28:). 175
1.91.'i.7a)
1. 888,080
1,883,166
1,198.19-
45,317,714
40,526,173
Total Southern...
-Ml
11I.81S,4«I
90,816,111
8.881.519
2.318,759
.,
1.184,140
1,0«3,8I7
867,104
-i-a
-fS6-T
-H8*
487-S
-1-1884
868,T!»
Norfolk
The returns of exchanges now under review embrace only
-M-7
2,878,452
1,SW«.716
861,718
(JalveRton
Memphis...
•1-U-9
841,730
were published those for August 1 in the Chronicle of Octo- St. Ixjols
St. Josepli
ber 15, page 507; those for May 13 in the issue of July 2, on New Orlejina..
LoulBvllle
Kansas City.
page 18.
CLEARING HOUSE RETURNS.
—-fll
18-0
88,730,962
Total
Philadelphia..
Pittsburg
St.
—
-8-((
98,501,877
6.671,000
1,749.896
-(-9-0
:
aubscrlbers of the Chronic ie.
WILUAM
— 10-7
8S,$2fl.424
4,41H.40ll
l,4l'0.240
SoHnnfleld...
310 20
P.Otnt.
1887.
7n,uS«.S74
New Hsven.
Terms of Hnbserlption— Payable
It
718,78* ,Wfl
Boston
Pr 'Vidence..
r22
Traffic
tjalu.)
buttheit.)
bblt.)
{Petroleum
6J5
Coal
Erie's
thartM.)
(Cotton
iOratn
-179
tfof.
BOO,
Baiaat—
6i4
1,171.
vruk End^t
P. emit.
1880.
u. IM
New Tork
Commercial and MlscellaDeoiu
721
ot
NO.
1887.
3,
-f2vr,
-Hio-e
8.4«9,W9
-t-6-9
S.044,046
8.8U1.749
l,3a9,«ll
-fll-8
65,005,118
-f-8-5
+«-7
+J7H
-l-lB-8
•t-3»-»
-l-S9-t
-fie-8
-(-47-S
-I
¥»n
11,979,809
^«9
18,938,160
18,816,404
-J 8^
Thanksgiving holiday having occurred Ban Francisco
911,362.758 1,084,898,9321
Total all
1078,057,910
+T9
inst.
In consequence of this and also
881.878,564; 30.').518,23B|
-t-i«-^
400.138,536
the further fact that Stock Exchange dealings at New York OnUlde NewTork.
* Not Included in totals.
fell of largely, a considerable decrease from the previous full
Our usual telegraphic returns of exchanges for the five days
week is recorded. The decline is participated in at all pointg have been received, and they record
a considerable gain,
to some extent, but at New York alone the loss is over one
above the five days of the previous week. In comparison
hundred and eighty -seven millions of dollars, and at Boston with the similar period of last year,
the aggregate for the
twenty-two millions.
seven cities exhibits a loss of 17 '8 per cent. The estimate for
During the corresponding period of 1886 the exchanges aj the full week
ended Dec. 3, based on these telegraphic figures,
New York, notwithstanding the loss of one day's business points to a decrease from the week of 1886 of about 14'4 per
exhibited only a comparatively small falling off, as speculative
cent.
Mes!>r8. R. Q. Dun & Co. report the number of failures
©perations were large. In other sections also the decline was
for the week ended to-night as 244 (215 in the United States
loss decided than in the current year.
The contrast with a and 29 in Canada), against 207 last week and 843 for the sama
year ago is therefore less favorable than during previous late week
of last year.
five business days, the
on Thursday, the 24th
weeks. The decrease at New York reaches 17'9 per cent, but
outside of this city a gain of 5-2 per cent is exhibited. Altogether seven cities fall behind last year in volume of clearings,
but at quite a number of points in the West and South the
percentages of excess are quite important, notably Denver
48-8, Wichita 37-3, Columbus 35-2, Peoria 34 3, Omaha 31-6,
Louisville 28-6, St. Joseph 27-6, Minneapolis 23*4 and Chicago
81 '5 per cent.
Transactions on the New York Stock Excliange cover 1,842,483 shares for the week, against 2,680,496 shares for the similar period of 1886.
The market value of these sales has been
and 122,620,000, and, after deducting
two-and-a-half times these values from the New York totals,
the exchanges arising through other business exhibit a derespectively 71,253.000
oreose this year of only seven one-huudredths of one per cent.
Week Ending
Retumi b» TelttrofK
Vec.
1866.
New York
SaUeof
St<Klt (ehara)...
Boston
Philadelphia
Baltimore
Chleaso
St. Louis
New Orleans
Total
1
full
week
Total week.
*
ror the
f al>
all..
762,901,037
460,108,637
-808
(3,378,888)
(-67-5)
(1.043,493)
(-5*01
71,487.158
04,466,466
78,780,ll<»3
—9T(
ei,ie8,87«
-1*S
.
66,178,807
11,818,918
03,660,000
13,913,590
-l-l
48.939,830
-118
8,«38.ail6
-*»
-H6
48,000.000
+»7
-t-S6
11.860.340
-Hr4
9364.184
+•1.
&4»a.3M
'8ia7U8.a66 '9W,S80,I88
vso.na.tea lS7,8a«,07«
~Tr8
05.^.801,180
-•5
ia7.aoti,4«7
-tars
-l-O
,183.416.359
"l««
M0,aiM.«l7
-l»^
106,701,180
+8»
988,803,189
110l467.1S&
.
p. Owrt.
(1,134,771)
14,448,467
9.056,681
Balance Conntrr*
1887.
&93,483,x73
04,448.000
dar
Oml
P.
-»3-2
10,418,«S>:
Total. 5 days.
•ilmated
With Bnd't Nov. M,
8.
.104 8;».S11
week, baaed
oa>ul
i.s»o.i4r8««
week's retaraa.
-»••
-ll-S
THE CHRONICLF.
716
So
exchange.
THE FINANCIAL SITUATION.
of the money market is still towards
the week's changes have been slight
though
higher
For bankers' balances the range has been 7 and 2 per
rates,
far
they
cerned,
The tendency
[Vol.
are
having
there
commerc'a
as
now
just
been
the
are
bills
con-
supply
weeks
a
small
in
last
XLV.
two
check in the exports of cotton, while as to breadstuffs
movement has for some time been restricted
by
speculation
in progress.
The opinion prevails
the
cent, with probably 5 to 5^ per cent the average.
among
bankers
that
rates
for
exchange
should advance
on
out
put
are demanding 6 per cent for the money they
later
That
in
the
month.
would
be
natural,
as our imports
60
for
cent
per
Time loans are quoted at 5 to 6
call.
and
our
exports
generally
are
large
begin
to
decline with
there
but
collateral,
the
to
days to 4 months according
considerable
January,
while
a
very
amount
of
money must
insurance
except
by
and
none
transactions
are very few
fall due from us to Europe for interest and dividends with
those
and
cities,
other
and
this
in
companies
and trust
The idea prevails that for the the first of the new year. The'^e was an arrival of $400,are chiefly renewals.
remainder of the year the chances are that the market will 000 gold from Havre on Saturday last; it was not the
work clostly, and hence the practice of making new time result of an exchange operation, as we explained two
the outward
Banks
engagements is for the moment out of favor. Besides, so weeks ago when we announced the shipment.
The approaching session of Congress, because of the
far as the banks are concerned, they find easy employment
for
their surplus funds at the full legal
all
rate
among many
There does not seem to be at present
their customers.
pressing
awaiting
questions
its
action,
daily
is
becoming a more engrossing subject of discussion. Tais
is not surprising in view of the trouble business interests
any of the leading cities. Chicago^
and Canada are all in have encountered in consequence of the futile efforts of
Last week we noted the last Congress to cut down the revenue, and the
need and drawing on this centre.
quite important shipments to the latter point, and fur- greater trouble which would likely follow another pro-
much
St.
idle
Louis,
money
New
at
Orleans, Boston
ther investigation since then has brought out the fact that
longed session wiih a like ending.
Still,
we cannot
feel
Tax
the least danger of any such ending.
on one day of that week $700,000 was sent to Canada by
different banks, and other amounts were sent the two fol" reduction and surplus disbursement are work of so great
that there
lowing days; the drain in that direction has also continued
this week, but not nearly to the extent reported to us a
week
ago.
By
the returns
is
way to attain those objects will be found.
now the wisdom of not calling an extra
necessity that a
All must
made by the banks yesterday session;
disclosed, having come from man in
see
the day of meeting has been delayed until every
United States not only understands that a
revenue is imperative, but feels that its
The cable reports higher rates for discounts of 60 days omission would be extremely harmful to all enterprise.
to 3 months bank bills in London, the latest quotations This wide-awake condition of the public will secure the
being 3^@3:^ per cent. At Paris the open market rate is relief needed.
We notice it is generally stated by the daily press that
2f against 2f per cent, the highest of the week, and at
Berlin it is 2@2^ per cent. The latter is an important de- the administration will not propose a reduction of revenue
cline, due in part to the change in the internal political in excess of 75 millions of dollars, leaving the remaining
Bituation of Germany, and in part also to the accumulation 45 millions of surplus to satisfy the sinking fund requireof money by the Bank of Germany.
The advance in Lon. ments. In other words unless there is some kind of a
don simply reflects the nervousness felt there over the measure perfected for refunding the debt which shall give
mall supply of bullion in the Bank of England and the the Government the option of paying each year a certain
possibiUty of further withdrawals for Gern:any, for New portion of its bonds, purchases in the open market of these
York, and in case of trouble at Paris for that lentre also securities will have to be made in that amount. We see
It is to be said, however, that the stock in the Bank is no other alternative, as it is not likely that the sinking
about what it was a year ago, and in fact about the same fund provisions will be repealed they are a pledge given
also as in 1885;
but the diSerence is that last at the inception of, and which follows the debt. To be
year
and the year
before
Great
Britain
had sure we have in past years reduced these obligations
a very considerable inflow
is
the
decrease of
near-by and eastern and middle sections.
;
up
to
this date
received
a
considerably
larger
new
largely
in
excess
of
from Australia, whereas for the but no one claims
year all it has had from that point satisfied by that act.
supply, as for instance
eleven months of this
is
£285,091 net; consequently the Bank
is
stock good by drawing on interior sources.
keeping
its
Thus, for
25,
made
1862.)
a
the
that
The
requirement
the
letter
of
of
this
the
statute (approved
perpetual
appropriation
fund,
law
ia
February
of
the
customs to the extent of one per cent of the entire debt
and of the interest on all bonds in the sinking fund to
week the Bank of England is repoited to
have gained £77,000, but a private cable to us states that the purchase or payment of that debt " to be made within
this has been effected only by arrivals from the interior of each fiscal year after the first day of July, 1862."
Under
Great Britain of £187,000, there having been exported these circumstances and with the need so urgent for ac(wholly to the Cape) £110,000.
Should there beany quiring the right to redeem these obligations, is it not
renewal of the movement of gold from London to New wise to use so much as may be necessary of our surplus
York the official rate would probably go up. It is, how- accumulations in inducing the holders of our undue bonds
ever, so late in the season that the prospect of our drawing
Furtherto grant the Government a payment option.
on that centre again to any considerable extent is daily more, if we are to continue
to have a surplus of very
and materially diminishing.
permanent
nearly 50 millions, should
instance, this
there not be some
Our
exchange market has remained without arrangement made for its being held, every dollar of it
any substantial alteration during the week; there has been by our banks and not in
the Sub Treasury.
We certainly
no change whatever in the rates, but there has been a have had enough
experience to satisfy the nation for a
downward tendency. This condition is said to be due to long time to come,
of the harmf ulness of piling up Treasury
free offerings of bankers' bills, and in the absence
of accumulations in Government vaults. The present arrangeaUtements to the contrary, it is assumed that the drafts m-nt of depositary banks
cannot be psrmanent, especially
were against the Northern PaciSc loan referred to last
if the outstanding public debt is to be thus constantly
week.
Arbitraste houses
have also supplied some lessened.
point will be reached at which no more
foreign
A
.
Deoembeb
THE CHRONICLF.
1887.]
8,
bonds can be obtained.
Besides,
continued at a lime
if
when the Treasury sinking fund requirements were being
satisfied, the Government would be bidding against itsel'
making a demand for the bonds as a basis for doposit8>
when its other demand for purchase was being enforced.
—
We have
received an advanced copy of the report of
717
In the case of the net the Utett ezbibiu also cover
October, and according
to the statement* given in
our earnings department, it will be seen that 38 roada
have reported for that period the present week. Of theM
twelve show diminished net. The decreases cover a gTe4t
variety
roads too, so
of
President Alexander of the Central Railroad
& Banking
vorable showing
Company
our depart-
Of course
ment
of Georgia, and
give
make
received so late as to
Only a glance
at
it,
in
it
We
of raiIrot.d intelligence.
in
full
regret that
it
has been
a detailed analysis impossible.
however,
show
to
suffices
that
the expectations entertained with regard to the administration
Alexander
General
of
have
disappointed.
Not
Alexander
a brief period occupied
for
since
not
when
1882,
been
General
the
of
office
we had such a clear and detailed account o f
The Georgia Central is a very
President, have
the affairs of the property.
returns,
the
cannot be said that the unfa,
at the same time we have some vory good
among which may be mentioned the Kiading
Union
Western,
Obio & Mississippi, the Norfolk &
Rapids & Indians, the Buffalo
Philadelphia, the Allegheny Valley and the
Pacific, the
the
New York k
Chicago
it
confined to any one clati or lection.
is
St.
Grand
Louis
&
Pittsburg, but these hardly attract so
other class.
We have thought it
would be interesting to analyze the results on all the
roads that have thus far reported for October (including
much
attention as the
those previously received, as well as those coming in this
week), and find that out of 36 roads there are 22 that
show larger net than in 1886, and 14 that show smaller
having no investment in the property. The present re net. Of those of the latter kind 9 owe their decreases
port furnishes just the information any inquirer would entirely to heavier expenses, which is satisfactory at least
need.
It gives a complete account of the system
its as showing that the volume of traffic keeps up remarkIt should be said that heavier expenses have
mileage, debt, charges and capitalizUion.
First, there is ably well.
a desci iption of what is called the system proper, compris- been an unfavorable factor, too, in the case of a number
ing the hues owned (1,405 miles), with the terms of such own' of roads reporting increased net the increase being by
reason of that circumstance quite small.
ership, and the stock, debt, and charges of eachindividua
The stock market this week has been dull and irregular,
line. This is followed by a statement showing the interests
and investments in 1,252 miles of auxiliary road, with an out- with the tendency most of the time towards lower prices.
line of the stock and debt and the proportion held by the The events of the week have been favorable rather than
Central in each case.
Then there are comments and re. otherwise. The Chicago Burlington & Qaincy has for the
ferences to various other matters of interest, such as debt time being postponed its reduction in Illinois rates, and
maturing at an early date and which can be refunded when the Chicago Mdwaukee & Sc. Paul in turn has deferred
due at lower rates of interest, the reasons for the issue of reducing rates to Missouri River points. But the reaching
the $5,00u,000 collateral loan, the position of the banking of an a^rreement on Trans-Continental busioess by the
department, the capitalization of the system per mile, and Pacific roads, is a matter of more importance still.
The agreement embraces both the Canadian Pacific
finally a summary of the results of operations for the late
With reference to the capi- and the Pacific Mail Steamship Company. The former
fiscal year ended August 31.
talizatiOD, Gen. Alexander finds that the amount of bonds is brought into the association by being allowed a differential in its favor on traffic to San Francisco, while the
is practically only $15,161 per mile and the stock (only 7^
millions altogether) $5,324 per mile, making together Pacific Mail has been promised a certain amount of busi$20,485 a very low figure indeed. As regards the late ness per month. As a result both passenger and freight
The Chicago 6^ Northwestern
year's earnings, the company, after paying charges, 8 per rates are to be advanced.
cent dividends, and $115,000 in sinking funds, had remain, declared its usual dividends, and unofficial statements ref^
ing a balance of $158,075. All of which shows not only resent that the showing for the first five months of the fiscal
important system, enjoying a high state of prosperity, so
that its operations and doings are interesting even to those
—
—
—
that the property
being wisely managed, but that
is
it is
As
most
regards the course of railroad earnings, the point of
interest
the fact that in a great
still is
cases the exhibit as to
net does not
tions the gross returns
encourage.
ifl
daily beco ail ng
fulfill
number
the expecta-
In fact this feature
more pronounced, the monthly reports
now coming
of
of
showing an unusual proportion of
roads with lower totals than a year ago.
In the gross
there has been no change, the tendency being still towards
net
larger figures, only
As
illustrations
for the third
week
in
in
we
of
a more marked
may
refer
to
way than before.
summary
our
November, given on another page.
This embraces 73 roads, and shows a gain of 18^ per cent
over the same week last year, though
it
is
to be
remem-
bered that the latter was not a particularly good week on
earnings, the aggregate on 66 roads then recording a
slight
decrease.
Minneapolis
this
week,
The return
& Omaha
may
for
year
is
exceptionally favorable, and, as a result, the stock
has improved.
in a prosperous condition.
the
also be cited
of the
month
Chicago
St.
The Delaware & Hudson did not make any
Denver & Rio
Grande declared another 2^ per cent dividend on its preferred stock, though half of this is to be paid in scrip.
The Erie report for the year ended September 30 was
issued this week, and is quite a satisfactory document.
These favoring influences seem to have had an effect on
the market the last few days, both tone and prices having
improved somewhat. Net earnings are not altogether up
to expectations, as pointed out above. The return flow of
money to this centre ia larger than for some time paat,
though on the other hand some heavy shipments out at
New York are still being made.
The following statement, made up from returns collected
by us, shows the week's receipts and shipments of currency
and gold by the New York banks.
increase in the rate of distribution, but the
Paul
of October, issued
as evidence of the generally
Wtek
mMnt Dteembtr 3, 1887.
Btctlvtdby
N. r. Bonto. N.
1,808,000
r. Bankt.
ti,au.ooo
490,000
JfOMffWiU.
LonU>«_
tl04.000
490,000
good character of the reports of gross. That road has Qold.
IMS.. 4034.000
t2,3«3.a00
11.808,000
Total gold and leital tenders....
added $123,420, or nearly 19 per cent, to ite total
Tlie above shows the actual changes in the bank holdings
of last year. In October, 1886, there had been a decrease,
but it amounted to only $47,234, and the aggregate now of currency and gold caused by this movement to and from
movement
decidedly
is
the largest ever reached in that month. the interior and to Canada. In addition to that
—
3
THE CHRONICLE.
718
(Vou XLV.
To
to ihe general reader.
quite meaninglass
througH tuToper.Uons of are
the banks have gained $400,000
totals,
comparative
p.evious
have
must
we
them,
interpret
Adding that item
imports.
the Sub-Treasury and by gold
the table is by reason of its
should indicate though the first result given in
which
foUowing,
to the above, we have the
probably
to excite inquiry.
as
conspicuous
size
made
so
of
Clearing House banks
the total loss to the New York
included in the
banks
now
of
number
refer
the
to
stateby the bank
currency and gold for the week covered
present return shows, as will be seen
The
system.
national
remembered,
ment to be issued to-day. It i» always to be
pige 732, that on the 5ih of October
statement of averaget by reference to it on
however, that the bank statement is a
under the law had reached 3,049 separbelow should reflect the the organizations
for the week, whereas the figures
and
we notice in the extract made public
banks as between ate institutions;
•ctual change in the condition of the
report to Congress that he states the
Trenholm's
from Mr.
week.
Friday of last week and Friday of this
number on November I had further increase! to 3,061
We
Wuk
tnO/Int
Dteember
B»nk«' Interior MoToment, as aoove
eal>-Tr«uarr oporatlooa
ToUl«oW»n(l
Ifet
Into Bank*. Outo/Bankt.
2, 1887.
7.400.00
12.313.000
7.o00,IX»
tw.aos.ooo
»».St3,000
tl,90i,0i)0
lemil tandeni ...I
Ohaime in
Bank SrMtnoa
U)»».. »534.000
403.000
Gain..
lLr>ss..
»131.000
indicating
only that
not
this
banking
supplies
a-t
a
how
deeply rooted into the business habits of the country the idea and method the
law embodies have become. With our three million
pressing n«ed but also
during square miles of territory, covarod by a network of railThe Bank of England gained £77,000 bullion
inthe
from
drawn
£187,000
roads pushing into every nook aud corner of tho
the week. This represents
France
of
Bank
The
abroad.
shipped
whiah will evolve a
land, we require a mechanism
and £1 10,000
terior
lost
The
silver.
3,225,000 francs gold and gained 675,000 francs
prinfollowing shows the amount of bullion in the
cipal
European banks
ing date
at the correspond-
last year.
Vecmnber
Bantu
week and
this
1.
SUver.
eold.
Deeember 2, 188a.
1887.
o!
TotaL
Gold.
£
£
Jolat.
£
£
20.002.941
t5.:!«a.2S7 17,78?,5-1
03,l&4.-iOS
20,033,041
61,341,13H «,697,253
20,284,550 17.970,150
88.235.000
17,911,170 15,8J1.9'30
33,419.100
iut.-IIung'j
7,481.000 I4,5i(6,000
22,077.000
20,581,000
NfttherlandB.
4,010.000
a,e97.ooo 13.881.000
6,107,000 8,061,000
NU.Belgiam*
S.&12,000
England..
Trmnoe.. ..
fleiimny*
corresponding network of banks, for the latter are as
the one is often called the arms
essential as the former
20.3S2.1S2
20.363,182
.
)).U83.000
National Italy
Tot. this week
Tot.preT.w*ic
8.106,000| 12,152.000
3,813,001
1,271,000
8,101.000
1,118,000
2,743,000
1,371,000
7,110,000
914.000
97,538.389
;
commerce, but the other represents as truly the
hands of commerce. Tae domestic exchanges of no other
nation have such broad conditions to meet, so it is diflSsult
to make any comparison with our facile, compact and safe
Tflo joint slock binks of Great Britain,
contrivanca.
though very unlike in many particulars, have the most
of
11,108,000
4,113.000
8.311.000
107.031,9<>» l)0.8o0,021 187,881,v90 112,733.54 85.850,181 198,888.739
107.0XW,11S a0J<21.138' Irf7.9ia.g51 113.512,5' 19 85,6M.12: 199.146,636
We
points of resemblance.
find in the
brief,
may be
stated as follows.
England and Wales.
Die.
BvMt*.
eold.
We
$426,504
341,876
475,136
613,936
459,602
250,762
HOT.25.
" 26.
" 28.
" 29.
" 30.
$4,000
31
57
1,500
8,000
6,000
6,000
7,000
$2,567,819 38
$32,500
»eo. 1.
Total..
02
84
92
72
Included in
v.a.
Qold
Silver Oer-
OertiJU't.
HAcattt.
$45,000
42,000
51,000
63,00J
61,000
31,000
$40,000
37,000
59,000
45,003
50,000
37,000
$330,000
260,000
352,000
499,000
337,000
170,000
$296 000 $1,943,000
$274,000
the above payments were $18,500
in silver
«oin, chiefly standard dollars.
Eaatcm
iS132,063,6Sl
263,096
19,833,000
17,462,993
«53,505,094
66.904
9,052,000
6,911,238
169,622,7701
J!69,535,236
3,075
1
il
Oapttal lAa-
Ifumber. Branch'*
bUitj/.
States
Middle States
Southern States
Western States
&c
Tot. United States.
Capital Paid
Up.
9
953
424
9
Territories,
lAa-
MlUy.
in
figures
1,689
136
National Banks in
(Oct 5, 1887.)
Capital
lise
2
10
Ireland
Tot.Uui'dKingd'in
appand
115
of—
Nolei.
The system,
branchas.
136 parent banks, but 3,075
The Assay Office paid $243,818 through the bab- for the United States.
Treasury during the week for domestic and $537,423 for
Ifumber yumber
foreign bullion, and the Assistant Treasurer received the Joint Stock Bank! of
Bank). Branch's
{Oct. 22, 1887.)
House.
Custom
iollowing from the
Oofutittitig
Lsadon Econom'tl
of October 22 the latest returns of tkose organ zitions
Tnerd seem to be only
for the whole United Kingdom.
Capital Faid
Vp.
566
779
358
$164,797,660
183,458,565
53.023,350
1,129
1.55,416,340
217
21,766,850
3,019
$1,156,925,5.30 *578,462,765
None.
United Kingdom, does not include
{JHANGES IN THE NATIONAL BANKING the colonial and foreign joint stock banks with London
SYSTEM.
we omit those, as we simply
oflBoes, or the private banks
The Comptroller of the Currency has this week pub. intended a comparison with our national system, which
lished portions of bis annual report.
Another week will of course does not include State or private banks, or
probably give as the report in full, and then the country foreign organizitions represented in New York. Accordwill be able to see what a wide place our national banking ing to our understanding the branches included above are
system is at present filling. Most people may think that all within the United Kingdom for many purposes they
they already know whatever is to be known on this sub- perform the functions of banks under our system, but
The above,
for the
;
;
set
;
yet
we venture
manner a part
to say that unless they are in
some
of that organization, or for other reasons
have closely followed its later history, they have but an
imperfect idea of the more recent changes and development. In fact, we find the error prevails quite extensively
that the system
years since
privileges,
;
that
was what may be called finished some
it had no vitality outside of its currency
and with the
loss of these
it is
gradually going
into decay.
The latest call for a
by Mr. Trenholm on
he sent
would not by any means meet requirements here.
We may learn something with regard to the wants
of the United States and the method by which the
system has been adapted to those wants, by a word
Looking at past records it will
or two of history.
be seen that the first thousand organizations was recorded
in the summer of 1865, the total number of banks
existing April
3,
report from the banks was
the
5 th of
October.
made But
Last week
being reported at 907, while
July 3 the number was 1,294.
1865,
at the next report on
the second thousand was not
1874, the return
of
Ootober 2d
reached until October,
of that year reporting
us copies of the returns, from which wo 2,004.
From that date the progress was very slow, it
have prepared our usual summary, and give it on a appearing almost as if the limit had been touched, tho
•ubsequont page today. But standing aione, its result numtxi; flactuating withia » narrow ©ompass^ and only
.
DaCEMBKB
THB CHRONIOLF.
188T.J
8,
ktuining 2,094 on March
11,
1831, about
6.^
years after
had been passed besides, in tUe
same period, or rather from 1876 to 1881. the total capital
decreased 40 million dollars, which in connection with
the loss in expansiveness noted, was certainly pretty strong
proof that the system unless doctored was doomed.
And so it wts the higher price for Qjvernment bonds
the two thousand point
;
—
being the cause.
early
It is generally
growth was mainly due
to
known
the
that
profit there
was
in
This continued large during the early years.
circulation.
The 10 40s did not get permanently abo7e par
and
rapid
the
1873 seldom rose to
until 1863,
110, being for a
good por-
7l»
It will be noticed that the yearly organizations number
many more than the net additions-, this ia because enough
to make up the difference each year hare either failed
or gone into voluntary liquidation.
But thi point we
wish chiefly to emphasize ir, that the law as it now stands ia
meeting the country's needs as
enough
well
existed
prior
it
never did before.
amendment
the
to
of
1
882
;
requirements are so
bank, that
if
was
banking
facilities
little
it
with that
amendment every community's commercial wants
for its
It
the larger communities in the form
for
are met,,
onerous to the small
are desirable
at
any point.
them is
But with the easily overcome. That is the feature of the late expanimprovement of Government credit, the payment of the sion. Thus of the 238 banks organized daring the year
bonds and the refunding movements, interest was ending with October, 1887, there were 121 of them having
reduced and prices advanced until the circulation feature only $50,000 or less capital and 76 additional having more
of the banks became of very little account. Then came the than $50,000 and not to exceed $100,000, making 197
long period we have mentioned during which the formation banks out of the 238 (or all bat 41 of the new organizaof national banks made very little progress, not even being tions), with a capital of $100,000 and under.
Or, taking
afiected to any considerable extent by the almost unex- the previous year, when 174 new banks were organampled revival of business in 1879 and in 1881. The ised, 98 of them had only $50,000 capital or less,
whole situation, however, was changed by a very simple and 49 additional had not to exceed $100,000 capital
measure.
la 1832 an amendment to the general statute but more than $50,000, making 147 banks out of the 174
was passed, going into effect on the 12 ,h of July, accord- (or all but 27 of the whole numtier) having a capital of
To make even more distinct the
ing to which banks already or thereafter organized, with only $100,000 or less.
$150,000 capital or less, were oaly required to keep on change which the last amendment has wrought in the
deposit witn the Treasurer of the United Stites bonds to operation of the law we have analyzed the list of returns
The law as it origin- as given in the Comptroller's report for October, 1831
one-fouith of their capital stock.
and also similar
ally stood compelled every bank, large and small, before separating them according to capital
returns for October, 1887.
The totals for the latter date
it could start business, to have bonds so deposited in the
amount of one-third of its capital stock, and in no case are not exact, because the details for each bank are not
In 1874 the former published as yet; but by using the report for IS86 and
less than thirty thousaad dollars.
part of this provision was changed so that fifty thousand adding the new organizitions during the remaining twelvedollars became the highest limit, but thirty thousand dol- months, as they appear in the weekly reports of theTuis had Comptroller to us, we reach conclusions which will vary
lars slill remained as before the lowest limit.
become very onerous under the advance in the prices of Gov- only slightly, if at all, from the official figures.
ernment securities; so long as there was profit in circula
Number Bankt.
Changet.
tion it was all right, but when that had lapsed the load
Oct., 1881. Oi:f.,1887.
was simply dead weight with nothing to help lift it. Small
Banks bavlDK—
160,000 and lesa capital
806
S«e
banks, especially those of fifty thousand dollars and thereiDorOiSe. 833
$100,000, and more than liM) 000
719
1,017
abouts, were shut oat entirely, the thirty thousand dollars
68Inorease
$160,000, and more than $100 000
262
SIS
3^
Increase
1200,000, and more than $160,000
240
272
of bonds, the minimum requirement, making the investsse
266
$400,000, and more than $3(0,C00
Increase
*
64
6e
ment from them thre3- fifths of their capital without
24
$600,000, and more than $100,000
118
137
Inorease
counting the premium on the bonds.
$1,000,000, and more than $500,000
9S
107
47
42
But, as stated, in 1882 the law was changed in
until
tion of each
year
several
the difficulty in finding sufficient capital to supply
below.
points
—
—
.
.
.
a
very
fifty
material
that
so
particular,
a
thousand dollar bank could be organized on $12,>
500 of
bonds
$30,000.
deposited
And
of as previously on
instead
thereupon began the rapid growth which
has added nearly a thousand net to the
izitions in
about six years, against
ntt in the previous six
facts
instince
for
we give below a
Comptroller's
and a half
of organ,
than a hundred
To indicate these
made up from the
years.
brief statement
reports of
figures just received
number
less
previous years, adding to
already referred
it
the
to.
Tital banks
2.1
The foregoing gives the waole
October,
Banks Organized During Year,
Tbtot BanlM.
Ttar
Number
CapUal.
Avera^
CapUaL
Number
t
una....
18J»....
2.088
2.080
2.053
2,01S
1880....
2,0fl0
454,100,000
157,600,000
18S1....
2.132
4(13,800,000
USS....
2,260
18SS....
18»4....
2,601
2,661
1886....,
2.7
U
4*3,100,000
509,700,000
524,300,000
527,500,000
18W....
2.W8
54<<,240,78a
1877....
18T8....
18S7....
3,049
<9g.802.232
Z8«,2.'M
479,fl8-,77l
230,513
a87,056
221,730
218,PS0
468.147,436
578.48a.7«5
217,940
212,810
203.800
196,810
194,a«0
192,098
189,722
an
29
171
283
191
145
174
Avtra^
Capital.
Capital.
$
t
3,189,000
2,689,000
2,775,000
4.490,000
8,874,170
9,8SI,060
lS,7e7,80«
39,854.350
16,042,230
ie.938,<X>0
tI.4VB,0va
30.7!2.000
88,583
88,876
99,107
117,100
111,770
112,2?0
92,210
109,370
Irc'-P««<»
01?
Up
banks were comhad been
in existence about eighteen years and the total nuiaber
of banks was 2,132, there were only 365 banks of
$50,000 or less capital and 719 of $100,000 and less
than $50,000 in the whole country.
Now the $50,000
banks number about 805 and the $100,000 number 1,047
more. Taken together there are of these two classes now
At
paratively few.
capital in 1881.
the net
that date, although the law
1,084 banks of the same
amount of
In other words, we see that about
growth of the
six years has been confined to
all
banks
of $100,000 capital or less.
There does not appear to be anything more needed to
prove not only the popularity of the banking system as it
now exists, but also that it meets the country's wants in &
wonderful degree.
many
ions
The mere
fact of the formation of so
enough that the new addi
do not come from the more wealthy communities.
small banks
tells
plainly
84,000
116,800
•113,132
They are the product of wants long
•I29,S9»
ized mainly in districts lacking banking
The Uirgc iiveiage tor IBSO mid 1887 (uotwitlistaiuliiiK the proportion
or gnisUI banks was never so lai-gc) Is due to the fact that m each of thoao
jears tUore wuxe several large baukaorgtuiizeU oL ^1,W0,QW aud over.
a.njo
to the close of 1881 the smallest class of
1,852 banks against
Ended with
S2
situatioa very cleany.
not
room
to enter into
statement.
Any
any
existing,
and are organWe have
facilities.
details illastiativeof this latter
one can confirm
it
by examining the
.
1;
THE CHRONICLE.
720
Stating the condition in a general
Comptroller's reports.
Nov. 1, 1881, and Nov. 1,
between
way, we may say that
show an addition to the
reporte
the Comptroller's
Oil
[Vol.
Company was
XLV.
By playing
able to do in this way.
off
and both together against
the Pennsylvania, it secured a commanding position from
1886,
show which it was able to dictate terms to them all. Had the
number of banks of 713, and during the same time
Western railroads had a strong pooling system in 1874, such a hisadditions to the number in the Southern and
Oil Company would have
banks tory as that of the Standard
States and in the territories of 617, leaving only 96
the
absence
of any such system
But
in
during those been impossible.
for the additions in the rest of the country
with
power to transfer
shippers,
of
organization
a large
Should not such facts lead Congress to devise
five years.
will from one road to another, ended by
their
business
at
this
measures for the development and perpetuity of
The
becoming the arbiter among the different lines.
numerous
proposed
has
Trenholm
National system. Mr.
" evener " system in cattle or oil had all the disadvantages
amendments to the law with that end in view. We have
independdoubt of pooling, with none of its advantages. To the
not had time to examine them, but they are no
the ring it was simply destructive.
outside
ent
producers
prove
intelligently and conscientiously prepared, and will
a good
the Erie against the
Central,
The dressed beef shippers
basis for wise action
are taking the initial step in a
course of action like those which
THE DRESSED BEEF RATE WAR.
railroads,
we have
hampered by the prohibition
The
described.
of pools, are power-
The war in dressed beef rates inaugurated by the Grand less to prevent it. Will the Inter-State Commerce law, which
Trunk two weeks ago has an indirect importance out of aU has taken away one means of defense, supply another in
proportion to the amount of traffic involved, or to the its place ? The law against personal discrimination, if
shows how, under the rigidly enforced, ought to avoid the worst consequences of
may have it the evener system by insuring to outside shippers the
But whether it will
in their power to force the railroads to give them special benefit of any reduction in rates.
Whatever may be
reductions in rates which other lines of business are power- have that effect is another question.
It indicates a new motive for the organiza- the law on the subject, it is at least very doubtful whether
less to secure.
tion of pools or trusts in productive industry, and a new outside refiners to day are able to secure the same rates
immediate financial
It
results.
existing state of the law, a few large shippers
method by which such combinations can
exercise their
which are granted
producers
power.
a
is
to the Standard.
much more
A ring or
difficult
" trust " of
matter to deal with
The dressed beef busi- than a railroad pool. Its methods are less understood and
If the prohibition of railroad pools
ness is in the hands of a comparatively small number of its actions less public.
firms, each one of which has its recognized channels of has enabled a few large shippers to dictate terms to the
shipment. Any of these firms by withdrawing its business railroads, we have intensified the very evils which it was
from one railroad and transftrring it to another is in a designed to check. The lowest rates will be granted to
position to deprive the former road of no inconsiderable the line of business which is most monopolized, and where
The
facts in the case are these:
its freight.
It is understood that one concern
which had habitually shipped goods by the Grand Trunk,
threatened to divert it to other lines unless specially low
rates were given by the old route.
This was done with
the intention of forcing a reduction, if not even an actual
the chance for independent shippers will be least.
Even if the law against rebates should prove strong
war of rates in this particular line of business.
Under the old system of pools this demand would have
had no such necessary effect. It could have been met by
transferring other business to the Grand Trunk.
Bat the
clause of the Inter State Commerce Act prohibiting pools
renders such a course impossible. The Grand Trunk has
would be a serious drawback
portion of
no resource
except to
left
prepared to lose
its
do not meet the
cut, all
not for them.
They
make a
make
the reduction, unless
business altogether.
If the
it
is
other lines
goes well for the Grand Trunk, but
in turn
lose business, are forced to
enough to prevent a resort to the " evener " system, by
which certain outside parties were given special advantages for their service in maintaining equa'ity in
to
traffic,
it
the smooth working of
Commerce law to have large shippers able
war of rates almost at will. In the first
place such a war of rates makes it harder for the roads to
obey the law. They can control the actions of their own
agents very much better when rates are stable than when
the Inter-State
to precipitate
a
they are changing. In the second place a war of rates
makes the temptation to violate the law greater, and the
Where rates
chance of detecting such violation smaller.
will be
entry
in
an
of
date
variation
slight
are changing, a
met by a still further sufficient to make an illegal action appear legal. The
Grand Trunk. There is number of parties who can detect the error will be small,
abBolutely no limit to this process short of financial and they will generally be just the persons who are interexhaustion.
This was precisely the way things worked in ested in keeping it concealed.
In a matter like this the
the cattle business fifteen years ago,
If an
If the cattle owners bettter roads are at the mercy of the worse ones.
reduction in rates, and are
reduction on the part
of
the
were not satisfied with the railroad rates at the time, they irresponsible road stretches a point in its own favor, its
would agree to ship all their cattle by the Fort Wayne and more responsible rivals, who would of themselves prefer to
none by the Lake Shore. They would keep this up until obey the law, must follow its example, or lose their traffic.
the Lake Shore agents, 'tired of seeing their cars idle while
Finally, if these wars of rates become so numerous as
those of their rival were actively occupied, would grant a
slight reduction in rates; when all business would be
transferred from the Fort Wayne to the Lake Shore, and
the
missioners will thereby be greatly reduced.
same pressure exerted in the opposite direction.
Whether the rates were high or low made littie
legal ones.
seriously to injure railroad profits, the
the authority of any such
As
body are
power
of the
The
practical
Com-
i
limits to
rather than
long as a road or system of roads
I
is profit-
differ- able, the community can enforce almost any regulation it
There was a time pleases with regard to rates; if the railroad is unprofitable,
when cattle rates from Chicago to New York actually it cannot do anything of the kind. For the business comwent down to a dollar a car-load. The one thing needful
munity demands, above all things else, that its railroad
ence with the intensity of the contest.
in order to force the fighting
was that the shippers should
be compactly enough organized to be able to take
action.
The more
closely the business
better for the purpose.
We
all
common
facilities shall
be kept up and extended
;
and
if
!
the work,
ing of a law prevents, or seems to prevent, such extension
of facilities, it is kept in abeyance. At the very time when
was organized the
know what the Standard the United Stales Supreme Court was pronouncing
^
\
the!
.
Okcsmbkb
THE CHRONICLE.
8, 1887. ]
721
Oranger laws constitutional, the logic of events was prov- Navigation system will still have to divide coosiderabl*
ing them to bo incapable of enforcement simply because traflBc with the Northern Pacific, which formerly it had all
to itself.
Take business to and from Puget Sound. It is
if they were enforced railroad profits became so small as
There is no likelihood not conceivable that the Northern Pacific would ship thi«
to check railroad development.
that matters will go nearly so far in the present case, but over the Navigation line via Portland when it has a very
short and direct route via the Cascade division.
The Or*
as far as railroad profits are actually reduced the tendgen & California, when completed, must also exert someency will be the same.
Even now, with
Hitherto railroad rates, under the Inter-State Commerce what of an unfavorable influence.
The mana- stages running over the unfinished gap, a considerable
law, have been remarkably well maintained.
gers were tired of fighting, and in many instances wel- portion of the passenger ^business between Portland and
comed the Inter-State Commerce law as a means of putting San Francisco takes that route, and the ocean line of the
a stop to practices which they had acquiesced in, but had Navigation Company between the same two points suffers
never really liked. Even now there is obvious reluc. as a consequence. With the road entirely completed
And this is another all rail route to Oregon and Washington Territance to enter upon the present contest.
If the abol- tory will be opened, and the Central Pacific and other
more
critical.
matter
all
the
what makes the
shippers
to force Huntington roads placed in position to compete for the
possible
for
large
pools
makes
it
of
ition
;
the railroads into rate wars against their will, no one can
predict
what
will
business of that part of the Pacific.
As bearing upon
be the end.
the past, there have been a
number
of
unfavorable elements against which the company has had
THE OREGON RAILWAY
to contend.
NAVIGATION.
<k
Oregon Railway &
Navigation Company has been slow in coming to hand
though in the present instance there appears to have been
President Elijah Smith
special reason for the delay.
that owing to the
his
remarks,
of
states at the very outset
Pacific,
many questions
Union
the
property
to
of
the
lease
had
to be adjusted
and
lessee
lessor
between
accounts
of
But though
before correct results could be furnished.
As
in past years, the report of the
the report be
late, it
will
very active in recent years, resulting at
times in rate wars, and to-day through Pacific
Coast busi-
no longer so desirable as it was. Then the Canadian Pacific has been taking some of the Oregon and
Washington Territory trafiic. In addition, the Navigation
has had to fight for some of its ocean and sound trade>
with aggressive rivals while even in the railroad department there has been more or less encroachment upon its
domain aside from the construction of the Cascade Div.
Moreover, in 1884-5 there
ision by the Northern Pacific.
in Oregon and Washingcrop
was a failure of the wheat
ness
is
;
—
considerable attention,
attract
Competition between the Trans Continental
roads has been
because of the changes in the company's position, occasioned by the lease and other recent developments.
ton,
and
coming concurrently with
this
business
local
comparatively brief career the Oregon Navigation
has passed through a number of very important stages.
At its inception, as we have frequently pointed out, it was
depression of great severity, occasioned a serious falling
however,
but in 1886-7, with the crop somewhat smaller again, the
It should also be
recovery could not be maintained.
In
its
simply and
a water route,
solely
embracing,
In 1885-6, with an exceptionally heavy
off in earnings.
yield the previous
season, the
loss
was
fully recovered
;
sound and ocean transportation. Soon the slow and
means of conveyance by river along the Colum. remembered that while rates on the Oregon system are still
bia was made to yield to the more modern and more high, they are lower than they were.
expeditious mode of transportation by i-ail and locomotive.
We make these explanations because they show clearly
river,
tedious
if anything, had the effect of increasing the why recent results have been less satisfactory than forcompany's prosperity. Then the completion of the North- merly, and also why there is a disposition in certain quarem Pacific further helped the property, for under the ters to reduce estimates as to the earning capacity of the
policy at that time pursued the Oregon Navigation was property for the immediate future.
The explanations,
made the sole Pacific outlet for the whole of the traffic moreover, will serve as a useful guide in interpreting the
In 1884, following summary of the gross and net earnings, by divtributary to the Northern Pacific system.
The change,
'
through the completion of the Baker City branch to a
connection with the Oregon Short Line, the position of the
company was further improved, for that event made the
system the outlet for the
Union
as the
Pacific as well
but the
isions, for all
imi-m.
OcMn mvfion-
Northern
Pacific.
Co. had subOregon and Wash-
At that time the Navigation
monopoly
of the business of
ington Territory, both on local and through transportation.
Since then the changes have been of a different charac-
and they have had and are having the effect of diminishing the company's previous exceptional prosperity.
First in order of importance, though latest in time, is the
completion and opening of the Northern Pacific's Cas.
cade division, giving that road an independent outlet to
ter,
the Pacific at
Puget Sound, and
also furnishing
it
with a
chooses to avail of it) to Portland,
Oregon, the latter being the important terminal point on
the Navigation system.
This event dates from the 1st of
circuitous route
last July,
(if
it
and therefore has had no
effect
on the
results
year covered by the present report, and
which ends June 30. If present arrangements are carried out the Northern Pacific will become a party to the
for
the
Oregon lease jointly with the Union Pacific, but
merely ensure harmony and avoid undue rivalry.
The
188S-S8.
1888-84.
I8M-SS.
1888-86.
*
»
$
»
%
098.MO
606,1m
9ti0,0SV
893,4S«
188^87.
•
788.I8S
570.088
682,895
860.181
756,818
473,818
477,na
410,014
888,886
272.444
888.900
860.861
Oross earninKS ... 8.07«,BW 1,010,148
831,479
Operat'g expenses 1,134,56»
697,818
46S,8t»
381,434
400,801
5(.7,643
874,600
401.086
388,446
938,388
17»,8e«
109,672
72,161
38302
18.680
1,873,741
643,061
2310,408
Operat'g expenses
Net earnings....
1,030,660
1,840,418
8,031,861
Oross earnings....
Operat'g expenses
•88.14S
•60,214
84,478
81,036
89,819
Net earnings....
Puget Sound JXo.—
Gross earnings....
•<u.2,o*e
Net
earnings....
BtverXNnMon-
Net earnings
...
DMtim—
fiattrood
Gross earntnin....
Operat'g ezpemea
Nat
earnings....
ee»,864
8396304 8,768377
3,6S^016
1,803464 1,687.648 1367.016 1.830360
1,163360 8,088,489 1386,008
66,780
86,648
886486
a<s3iB
46346
78308
U1360
drjw,488j <ifaT.«n
88,078
147488
110369
886313
lf3398
1S73U
166.164
80,701
87,440
144,886
101,888
846,448
170,747
318,096
848,648
848310
81*381
48,710
74,7M
tojm
81388
4,08)418 6346,543 6.804380
Gross earnings. . . 4,M7.BeO
83as3a» •3*«3ai
Operat'g expansw S.M4.8a« 8,flMa71 8,888JIS1 8,6183«a
8,100,613
fiscal
this will
year of the company's existence.
784,388
496,033
Grots earnloKi.
Operat'g expenses
.
stantially a
first
5,384,806
83M,4aO 83803(8
Net earnings.... 8,409414 i,4!njM» 8,488,n6 1368*16
*
11 montba only.
In 1881-82, 18S2-83 and 1883-84, thli corers the Orogonlan nanow^
gauge roads, than operatdl; for 1884r88 and 1835-88 and 1886-87 U
Faloiue road.
ooreto (be Oolomb
t
1
THE CHRONICLK
722
the
the divisions together, this shows for
year
other
any
of
case
the
in
late year smaller net than
barring,
except the first of the company's organization—
exceptional
an
stated
already
as
when
1884-85,
of course,
caused a
train of circumstances of temporary duration
heavy decrease in both gross and net results. Mr. Smith
year there
states that as compared with the previous
tonnage
wheat
the
was a reduction of 100,000 tons in
Taking
all
of the company, involving a loss in gross revenue of about
$600,000, and calls attention to the fact that as earnings
(R. R. Division)
growth
actual
This
fell
only
off
satisfactory as far
is
as
amount
of
the $120,000 saving in dividends allowed for, a deficit of
$87,688 would remain.
To the Union Pacific the matter may be made to wear a
more favorable look. The charge for interest and sinking
$434,000.
goes, but evidently the
it
and some of the charges under that head may not
It includes $33,658 "expenses of 1885 and
1886, paid in 1887," $42,146 for overcharges and rebates
prior to 1887, $19,654 for transfer and legal expenses,
and $40,964 for replacing wooden bridges with iron ones.
Even with the whole of this deducted, however, and also
large,
be repeated.
was an funds will evidently be less
was in the late year, owing
there
$166,000,
in general business in
[VOU XLV.
current year than it
redemption of the deb-
in the
to the
enture bonds, bearing 7 per cent interest, and the substi-
reduced wheat tonnage was not the only adverse factor at tution therefor of consolidat.d fives. At any rate, the
work, for the Puget Sound Division reports smaller net charge is figured in the report at $841,980, while the
In addition
than ever before, and so does the Ocean Division even actual amount paid in 188G-7 was $915,968.
to
this,
the
Union
Pacific
has
to
pay
for six
entirely.
$1,440,000
failed
almost
lower than in 1884-5, when the crop
—
Of course the River Division
As illustrative of
record.
also
and $15,000 for "organization
Navigation Company, making a total
annual requirement of $2,296,980. As against this, the
makes the lowest net on per
the change in the character of the
cent
expenses
dividends,
" of the
company's business, it will be noted that while the rail1886-7 yielded $3,758,877 gross and net in the late year was $2,329,638,
$1,928,008 net, against only $539,578 gross and $324,277 net in 1880-1, the River Division on the other hand
has had
its
gross reduced from
$2,278,838 to $401,085,
and its net from $1,016,289 to $12,639.
But the most important point just now is to find out
the relation between earnings and charges and dividends,
in order to determine whether the property is showing a
Biirplus or a deficit on its operations.
In the previous
year there had been a deficit of $10,132 after the payment
of charges and 6^ per cent dividends, and we stated at the
time that a lease at 6 per cent seemed to be about on the
basis of the company's earnings.
In the late year, however, we have seen that the net was reduced $234,852
There is an income statement in the present report, according to which the deficit in the late year (below 6^ per
cent dividends) was $67,259, including $40,964 expended
for iron bridges in excess of the cost of
But
this
wooden
bridges.
statement comprises for the last six months not
the company's earnings, but the rental received from the
Union
Pacific,
sufficient to
which, according to agreement,
BtateKient does not
the basis of
must be
Hence the
the company on
meet both charges and dividends.
its
show the
own
earnings.
position
As
it
of
desirable to
is
know
what the showing would _be on that basis, we have made
up the result in that way, taking the total of net as given
amount paid
the
So on
this
even.
If
per cent larger than
also states that just
Jwu
Total
Expenses Inf«rf»(,
& Taxts. Rentals
SO.
<t Sfc.
Fda
Oilier
DishUTK-
5,188,706
2,618,541
ises....
e,ioo.t>)3
5.185,680
«,70fl,466
1884....
6,364,00'
5.666,35
2,971,456
188S....
4,082,118
2,699,358
657,503
661,429
870,180
763,843
B.08>),497
847,09V.
68,301
8,063,914
915,»6ti
156,422
1886....
9,546.542
4,221,021
B,551,7«5
1887....
B.a('4,559
5,322,191
%
I
Surplus
dend9.
or DeHat.
*
1,29S000
t
inents.
t
6,0r?474
«
Divi-
t
13,601
7,600
05,015
2,500
-1-649,060
1,684,000, 4-228,285
—70.300
—230,680
1,560,000
—10,182
l,560,0Oo| -364,110
1,080,000
the
in
after
course to that
says that the
350,000
is
30
But he
tons, or
best previous year.
the close
of
the fiscal year a
was made. At the same time, as pointed out
must be borne in mind that the Cascade Division
of the Northern Pacific is diverting some of the business of
the Navigation Company.
These circumstances probably
account for the fact that for the four months of the current year to September 30 the net has fallen off $82,625.
But even if the lease should entail a loss to the lessee, it
by no means follows that the Union Pacific did an
unwise thing in making it, though possibly by waiting
more favorable terms might have been secured. The Union
Pacific has no other outlet under its control, and the interchange of traffic between it and the Navigation Company may more than repay it for any loss incurred on the
lease.
But with the Northern Pacific, having a road of
five dollars,
above,
its
it
own
to the Pacific, the case is different.
TEE GROWTH OF THE ERIE'S COAL TRAFUC.
The prominent feature
recent years
coal
is
in
the development of Erie's
the wonderful
growth and exten-
In reviewing past reports we
tonnage.
have frequently directed attention to that circumstance,
but with each succeeding year it becomes more marked,
and
1,800,000
it,,
reduction in the tariff on wheat, from six dollars a ton to
sion of its
Orou
take
more favorable.
He
Mr. Smith thinks they will increase.
for previous years.
Eamlng$. Income.
earnings should increase, of
lowest estimate of the wheat crop
traffic in
Tear
we
which for 1886 was $88,993.
basis the Union Pacific would come out nearly
for taxes,
extent the arrangement would prove
above, and using for the other items the figures j;ist as
reported in the income statement.
The result, as thus
obtained, we compare in the following with similar results
Xniti
as
less,
road division in
it is
hardly possible to
make
too
much
of
as
it
an
element in the road's progress.
The fact is, the company has secured a foremost place
among the great coal carriers of the country. We have
made that statement before, but never did it possess
BO much force as at the present time.
Already having an
Here we get a deficit above the 6^ per cent dividends
paid extraordinarily large traffic in that staple, the aggregate in
may explain the hesitancy that the the late year was further
increased 781,000 tons, and
Northern Pacific has manifested in joining in the
lease of reached 8,789,158 tons.
The part played by this heavy
the property. The Northern Pacific having
its own line total in the operations
of the road may be judged from
to the ocean, would hardly care to share in
an obligation
of $364,110, and this
that seemed likely to entail a larger or
smaller loss.
thei-e are certain facts to be
mentioned in
the fact that the quantity of other freight carried
qualification
the deficit as given.
In the first place dividends were
6^
per cent in the late year, while under
the lease they will
be only 6 per cent. This will involve
a saving of $120,000
Taea the total of "other disbursements"
is
—
in the
same year was only 5,160,102 tons though this
of being hauled longer distances and yielding better
Still,
produced
a
decidedly
larger
gross
revenue.
latter
rates
But
road
prominence of
the
in this business can be obtained by comparing its coal
unusually tonnage with that of some other transportation company
a
better
idea
of
the
Oecehbeb
3,
1887.
THE CHRONICLE
J
For that parReading will answer. We hare
not the figures showing that company's coal traffic in the
year ended September 30, but for the eleren months to
end of October there were transported over the Reading
as a carrier of coal.
chieflj diBiiugnished
&
pose the Fhiladelphia
system 8,695,155 tons, while the Erie, as already stated,
bad a total for the twelre months of 8,789,153 tons, and
independent of
this
tonnage over the
the
New York
728
the paiMoger mileage alto
be observed that
to
the
highest
reached, though
previously
been a steady growth in
onmber
di stance traveled, and looking only at the
haa
Diaregarding
for tnrea yeara.
it
not up
ii
there
aotaallj
above the beA
previous aggregate and nearly a million above 1884-5, the
company having by jadicioos management greatly incarried, the
creased
1887
for
total
In
its local travel.
aligbily
is
order to indicate clearly the
&
Ohio leased road, amounting to 2,004,257 changes from year to year both in the coal and merchanTaking this latter into consideration, the dise traffic, and also in total freight, as well as in paaaeo.
tons additional.
Erie system in the twelve months in question handled a gers, and the rates realized from each class of buiineai^
Tennsylrania
amount
larger
of coal than the Reading.
Being thus consp icuons for
heavy
its
total, it
does not
we give the following detailed statement extending back
Tae table comprises columns showing the aver>
to 1872-3.
of the soft kind or of age cost per mile on passengers and freight.
According to
doubt surprise many to these latter, it appears that while the cost per unit of traffic
know that, like the Reading, the Erie's coal is chiifly in the case of freight has been steadily reduced in part
This is only the second year in which no doubt btcause of the larger proportion of coal
anthracite.^
information on that point has been furnished, and it now included and for 1887 is the lowest with one exception
matter
much whether
But
the hard kind.
the coal
it
will
is
no
—
—
appears that of
total
the
was anthracite,
tons
of
8,789,158 tons, 7,009,566
Of the 781,000
112,298 tons coke.
and
bituminous,
tons
1,667,294
tons
increase over
ever reached,
amount
the Erie receives a very large
of
co.»l
from
some of the principal anthracite producers, such as the
Lehigh Valley, the Pennsylvania Coal and the Ddlaware
& Hudson. It gets this coal both for delivery east and
delivery west, and of the late year's tonnage 5697 per
cent is stated to have been east-bound and 43'03 per cent
Oat of 8,789,158 tans, 5,143,315 tons, or
west-bound.
-58
52 per cent, are classed as local.
But the extent of the company's coal business is hardly
more noteworthy than its remarkable growth. We have
stated that, as compared with the previous year, there was
an increase of 781,000 tons; but if we go back to 1878—only
nine years we find the coal tonnage was but 2,850, 106 tons.
Movtd.
1873-74.
1874-73.
—
number of tons moved one mile the expansion
appears even more striking, for as against 267^ million
tons moved in 1877-8, the quantity in 1886-7 was over
Two years ago the total was only 705^
1,005 million tons.
million tons.
Tne wonderful growth in coal, as compared
the
with merchandise,
coal
lion
is
seen in the fact that while in 1377-8
and other freight stood in the proportion of 267 mil
to 957 million tons, in the late year they stood in the
In other words,
ratio of 1,005 millions to 1,178 millions.
Jtate t- t<m|
OtuMiU.
ptrUlh.
Tant Movtd Bats p. tmt
Oiit J(il«.
pa- Mat.
Tbiu
I
8,911,948
3,S54.43e
8,400,760
3,852,507
838.360,821
1-280
»,S87,376
078JH7.32e
I'lVW
'968
•788
8,805,174
2,934,311
8,300,362
841,1)01.883
ia«4
944
967,410,138
1-08*
18;»-70.
3,307.644
1876-77.
3,!i48,110
27«,«84,»»5
1877-7S
!350,10a
287,344,5811
1-18S
1878-79.
4,410,327
-610
3,80'j,314
l,068,780,aa«
1879-80.
1880-81.
4,067,574
-738
4,HIS,3IS
1,288,782,206
S.) 1 8,800
»74,533,a37
0,567.978
1,409,861.618
1881-88.
6.104,674
611,07'),1»4
84S
808
800
888
•n»
728
I88S-83.
1883-84.
1884-85.
188»-88.
1888-87.
640,491,106
•789
0,790,566
5.384,670
1,343313.560
A,9SU3S0
1,338,957,329
800
6.375,319
674
4,696,619
4,116.217
1,118,766,488
740
6,137,342
676,180,027
705,27«,5i5
98^.270,163
-704
8.006,168
8,789.158
9«3,170,998J
1.003.042,3131
4.7l«,7«a
1.095,323,034
•767
5,160,102
1,178,692,043
786
—
is,
TmuMmed
Centt.
18-8-73.
'589
637
079
Pa—mtm.
Freltht of all KiiuU.
r<or.
in
—that
Snurni Fnttkt.
OkO.
Tear.
1884 5 the amount was only 6,137,242 tons, so that
in the two years since then there has been an addition of
over 2f miUion tons. If we examine the tonnage mileage
Even
the highest for any year since
is
1875-76.
the previous year, moreover, 429,835 tons was anthracite,
341,828 tons bituminous, and 9,287 tons coke. The truth
is,
cost
on the other
of passengers
the case
in
hand the average
Itate
Tont
Moved.
Cott
Ibnt Moved pton p.Um
One Mile.
p.m. p.vi
Ctt.
Bate
Numb4r
Oairned.
«..
6,3l2.702'l,038,986,80» 1^464
830
S,089.15«
1873-74.
6.364.2761 1,047,420,2381 l^SU
-910
1874-W
6,939,943 1,016,618,060 P209
6,97-2,818 1.040,431,921 1-098
•068
4,283,130
6,068,866
-885' 0,042,881
-758, 4,887,838
1876-77
1877-78
1878-79
1879-80
1880-81
1881-82
1888-83
1983-81.
1884-85
188S-86
188ft.87
6,182,451 1,114,586.220
•955
6,150.46811,224,753,718
973
674' 4,806,327
8,812,611 1,56»,^»2.417
•780
541; 4.894,577
8,715.89211.721,112.095
11 ,086,823! 1,981,304,855
11395,238 1,954.389,710
11.965,400! 1,0T9,448,4V8
034 5,491,481
806 688 6,144,158
749 686 ^7»^,195
786 538, 6,810.811
-836
519: 5,880,660
475, 6.889.787
12,806.9:8 2,068,8M,022l -6591 448| «,«61.118
11,071,938 l,794,»l«,M9l -719
10,853,486 1,687,546,688. -656
13,940,2 '0 2.183,734,854
667
•453
number of tons moved one^mile, has almosi^
But whether or not the present
we have already seen
far
movement
is up to the highest ever
is
coal
number of tons actually transported
6,8B5,9«3
PV
MOe. p.m. p.m.
CU.
lSTO-73
1875-76
Carried
Om
164,683.424 8-218
160,204,126 8-318
C««.
....
....
105,306,804 2-227 1'930
11»4
170,888,680 f8»4 1478
163,074,796
2'
108
140,396,748 a-IS8 1'603
1«,1I8,718 ro8i 1504
180,460,201 2-041
1361
2010
1-878
200,488,780
230,130,883 1-947 1-845
800,866,756 a-C64 10t4
168,008.845 8^ia« •ess
178,944,1*1 1-788 1-087
183,904,488
188.107,4981
I860 r8»6
1839 11»4
coal freight, in the
orertaken the merchandise freight
that in the
in excess of other freight,
distances the tonnage
The
it is
but the coal being hauled shorter
movement
is less.
increase in the merchandise
two years
is
of coarse less
The gain
ness.
—
is large,
traffic
marked than
however.
during the
In actual tons moved
over a million tons, and in tons one mile
200 miUions.
last
in the coal busi-
it is
nearly
Referring to that fact the report states that
freight and passenger
reached,
is
a matter of
moment. It is satisfactory tj kaow
that during the last two years a heavy increase has been
made in both merchandise and passengers, and that in
At
the case of coal the gain has been simply marvellous.
comparatively
liiile
the same time, owing to the prevalence of peace
among
the continued prosparity of trade, the
the trunk lines and
road has been able to realize higher rates, the average on
passengers standing at 1939 cents per mile, against 1 365
both the tonnage and the tonnage mileage for 1886-87 is
"the greatest in the history of the road." It applied to in 1885-6 and 1788 in 1884-.5; on merchandise, at 0785
572 cent?,
the combined tonnage of coal and merchandise, the remark cents, against 0-767 and 0704, and on coal at
537 and 0539, the latter item showing an
is correct because of the heavy increase in coal.
But as against
applied to merchandise alone it is at variance with the improvement over last year, but not over two years ago.
This will be seen from the figures below, the total
for the late year having in number of tons carried been
facts.
a result of all these circumstances, the company ia
able to make an extremely favorable exhibit of earnings
As
all
one mile four times, gross and net, for the late year, so that after meeting
What
remains.
surplus
($601,799)
namely in 1879-80, in 1880-81, in 1881-32 and in 1882-83. charges a handsome
When at its highest the tonnage mileage was nearly 1,410 a decided improvement this is on moa*. other reoeat joari
MUlUons tons, against less than 1,179 millions now. It will will appear from the following.^
^i.^^
_,
three limes exceeded,
and
in tons
-
"
THE CHRONICLE.
724
1883-84.
1882-88.
18,084,57»
21,637,435
22.802,247
14,847,517
16,868,078
15.444,583
6,111,410
4,587,056
6,279,357
7,357.664
946,469
1,002.692
1,077,626
876,799
7,760,313
7,067,869
5,589,748
6,356,983
8,234,463
4,7«S,188
4,776,678
4,609,487
4,605,487
4.546,396
2,896.386
2,267,680
2,361,204
2,450,119
2,422.582
1866-87.
1886-86.
•Groteearn.
Oper. exp'i.
M.aiO.35'-
22,600,0*8
16,388,638
XKoel'ilnc.
ejBl9fi86
940,H58
Total inc.
H*t
17.390,67?
eaniln'B
Pavm«nta—
Int.onb'odB
1881-82.
1884-86.
XrUBR.
Suitali.otli-
er iDt..
Ac
7,168,644
Total
Balance
....
+e0l,7W9
7,04!) ,268
7,056,606
e.oen.esi
-698,623 -(-1,265,486
+14,BU -1,»76,948
Leas—
Slnk.fnndt
]Bt.
on
6.968,978
18.038,094
6,887.630
780,655
7,668.335
4,316,369
2,185,324
6,501.693
-1-1,166,1)42
80,480
488.088
SlT.pfst'ok
Fand*<l(le^t
7K550,865
78.500.385 "7B.2B)<,485)
^eas^ Imea
•After deducting the proportion of tlie ear"*"?! of as i-eniai.
iworked on a percentage ba.sis) paid over to sucli leased lines
On reorganization first lien bonds.
Thus as against the $601,799 surplus for 1886-7, the
Surplus in 1885-6 was only $14,611, while in 1884-5 there
t
was a deficit in amount of $1,376,943, making an
improvement in two years of only a trifle less than two
This showing is all the more satisfactory
million dollars.
that some considerable items of betterments and renewals
have been charged to the expense account. The $601,799
surplus is just about sufficient to pay 6 per cent on the
incomes and the preferred
stock, together with
sinking fund for the reorganization
fiist lien
in the
—
depot being an excellent illustration of what is being
and it can be
done in one branch of the service
—
was the road
in as
good position for
FINANCIAL REVIEW OF NOVEMBER.
city
1887.
Bankf—
341,.387,000 344,545,000 353,277,900
Iioans anddisoounts...
Bpeoie
93,579,300
79,554,000 70,006,100
10,085,500
7,991,700
8,037,600
382,400,900 355,707,800 351,691,200
28,614,200 18,240,700 24,581,100
93,600,225
88,926,930 87,922,800
122 ,193,500 97,794,700 94,587,200
26,693,275
8,867,750
6,664,400
o..-
Cuoalation
Nee deposits
Legal tenders
Legal reserve
Reserve held
Surplus reserve
Money, Exchange, Silver—
2»3®3
4 'Si^
47 lad.
Call loans
Prime paper, sixty days
Stiver m London, per oz....
Prime sterling bills, 60 days
Vnited Stales BoHdt—
68,currency, 1898
i^, 1891, coupon
4b of 1907, coupon
5
'39
5J2®6
45 %d.
4 82
4 83»2
132%
4 82
1251a
J
"
107 14
126
11458
iJ
*i
10718
2858
37
25>e
86H!
76>2
®6ia
4373
129
104 <<
®6
3
6
13138
IIOI4
11238
12358
Central & Hud. Rlv.
Erie (N. Y. L. E. & W.)
Lake Shore & Mioh. Southern
BUchlgan Central
Chicago Rock Island & Paoiflo
Ulinois Central
98%
96%
94
87
127
112
1271a
132
137
115
II912
IIOI4
II314
Chicago & Northwestern, com.
9358
94 !H
7478
Chicago Milw. &8t. Paul, com.
141%
121
Delaware Lack. <te Western..
1301a
52'8
7514
45%
Central of New Jersey
Merchandise —
lOSs
Cotton, Mlddl'g Uplands.* B*.
93l6
34®38
35®36
32*33
Wool, American XX
$ B)
Iron, Amer. pig, No. 1 |l ton 18 00®18 50 19 00319 50 2100*2150
33 00®35 00 35 00®36 00,32 00 33»0
Steel rails at mills
8712
8912 „
Wheat, No. 2 red win.S bush 9258®9358
5278®53i9
4713
6014
bush.
Com, West. mix.No. 2.*
10 50
15 25S15 75
Pork, mess
« bbl. 10 00®10 50
78I4
88»8
74%
Petroleum pipe line oertlflo's.
. .
'
W
KOVEMBEE, 1887.
PEICE8 OF OOVERNMENT BEOUKITIES
Compiled from prices bid at the N. Y. stock Exchange each day.
iHs,
banks during November showed a steady
de.
6«,
4*.
Our.,
68,
Oar..
Xov.
1891. 1907,
coup. coup. 1898,
1899,
reg.
reg.
1
108!^
126%
127
127
127
12 i
129
129
129
12J
2
3
4
5
.
.
.
.
.
6.
7.
8
doing business as to-day.
The
Oily
1886.
bonds. But of
money has been devoted to other purposes, and
too. The managers have made great improvements
the new Jersey City
condition of the property
safely said that never
New York
$100,000
course the
wisely
1885.
Mew York
70,2«7,138
':5.'.!l>8.485
DEC. 1, 1885, 1886 iJ9D 1887.
BaUroad Slocks—
646.917
Swplna-
8DMM ABT ON OB ABOUT
19,975,774
100,000
Inc.
STATISTICAI,
XLV
[Vol.
9
10
11
12
13
14
15
16
17
18
.
.
Iu8% l2lj%
10S% 12ri%
1(8% 1-6% 127
108% 12678 127
...8.
"o"(i% I2ri78 i27'
..Holl day...
10H%
108% 127
.
.
.
I'-'b'e
108 '8 127
log's 127
129'
4i««,
4«,
6>,
8»,
Oar.
1898,
Oar.,
Nov.
1891, 1907,
coup. coup.
19
108^8
126%
21
i'085p
22..... lO-iOs
23... . lo^58
12C%
12b%
24
25
26
..Holi day....
20
..
126%
126%
108 5e
127
127
127
127
129'
137
127
129
12 4
1271a
129>a Hi;?h... 10-*78
reg.
reg.
127i«
129>a
i'27i«
iigii
1291a
1291a
.8.
126%
10H5S
1899,
27
....8.
129
28
12
»
29
129
30
10-i58 126 >8
108 « .126^
108% 126
li7ia
1271a
127 1«
1271«
1291a
129 «
12
1291a
1295J
'i«
12758
1281s
1301a
.
10878 lz7
.
108% 127
108% 126%
.
.
Open.
.
126% 127
108%
127
128>s
12 s
130i«
and held only $6,664,400 sur127
129
108 5g I26i« 12714 12rf'« Low... 108% 126
1281a 13OI3
10a 58 126% 127% 129% CI08... 108% 126
plus on the 26th, against $11,962,175 on October 29. The
The following table will show the lowest, highest and
local money market naturally hardened and rates rose in
some cases to 7 per cent on stock loans; the fear of closing prices of railway and miscellaneous stocks at the
greater stringency, however, exerted more influence than N. y. Stock Exchange during the months of October and
cline in their surplus reserve,
.
November.
were some important events,
RAMQB OP STOCKS IN OCTOBER AND NOVE»IBEB.
Notember.
.-October.
among which were the sale in foreclosure of the Texas &
Oloting Loie- High- Closing Low- High.- Olosing
Nov. 30.
est.
Oct.
31.
est.
est.
Railroads.
Sept. 30.
est.
Pacific and Central Iowa railroads, and the orders entered
91ie
9416
935a
Atchison Top.& S. Fe 10 1 <a 590% IO314 {92
9i«
10%
discharging on January 2 the receivers of the Reading, the Atlantic & Pacitlo. ..
9ii
979
11
lO's
•93
99
99
99
Bost.&N.Y. AirL.pt.
971a
'•45"
*50
Jersey Central and the BuSalo New York & Philadelphia Buff. Boch. & Pittsb. 'f.55"
55
50
45
50
'.50
55
60'8
531a
63% 63
531a
Canadian Pacitlo
railroads, whose reorganizations would then be practically Canada Soutliem
60
56
527g
5314
5578
501a
551a
*8
*7
*9
10
9
7%
8%
Cedar Falls <& Minn.
completed. The Northern Pacific Company negotiated Central of N. Jersey76
68% 7414 721a 72 14 80
74
*32'«
•30
la
3016
34%
33%
281a
331a
(at 85 aa reported) some $8,000,000 of its new $12,000,- Central Pacitlo
4i8
4
•514
319
2
513
31a
Ches. & Ohio
7i<
778
•914
4
11
7
Ist pref.
6
Do
000 third mortgage bonds.
5
3
714
5
51a
5
7
Do
2d pref.
•135
133ie
139
135
142
130
140
....
At the Stock Exchange the market generally im- flbicaeo & Altonpref.
160
155
160
160
Do
proved until about the 20th, and in the week ending with Ohio. Burl. * Quincy. 135" 12378 I3514 127" 1271a I3514 §127%
"43
40
40
40
40
Chic. & Ind. Coal Ry
93
93
90
87
87
pref
that date there was quite an active and buoyant market,
Do
'113
110
110
Chic. &Ea«t 111
with more outside interest than had been seen for a long Chlo. MU. & St. Paul. 5 79 H 6958 791a 711a 711a 7868 75J8
II514 *112
116 llQia 111
110
pref. §116
Do
time; but afterward this buoyancy was lost and prices de. Ohio. & Northwest
IO414 II314 106 1« 106% 1131a 110^
112%
144 14
140
pref. §143 la 137% I4214 139
Do
dined moderately, and towards the close of the month Ohlc. & Rook Island. II8I4 109Hi 121
116% i'ii"
110
109
'
15% •144
16
13% 1514 *l3ia 14
St. L. & Pittsb.
dulness prevailed again. There were no extraordinary Ohio. Do
36% 411a 40 4<
40% •35
40
35
pref.
394
4258
3714
44%
4414
34
361a
St.P.Minn.&
O.
movements in the market calling for any special comment. Chlo. Do
lloia •107 H
107
100
pref. 108
1041a 106
65
65
60
60
Dayt'n.
Ham.
&
*"70"
Reading for some time led the list in activity and strength, Cln. Ind.St. L. &Ch. t75
•76"
7i
75
79
66
Cln.
4i«
•34
•3
314
4
*3ii
3
owing to the progress in the settlement of its afiairs and Cln. Wash. ABalt...
•5i«
6I4
558
•414
61a
5
pref.
51a
the actual rise in the rates to borrowers.
In railroad
aifairs there
>
.
.
.
Do
the remarkable increase in
its
earnings.
Foreign exchange was pretty steady, and rates at the
dose were nearly the same as at the beginning.
The following summary shows the condition of the New
Tork City Clearing-House banks, rates of foreign exchange
•nd prices of leading securities and articles of merchandise, about the 1st of December,
1885, 1886 and 1887.
4714
51
541a •50
_ I5214 I5214 151
15lia
20% 24% 121
22>a
21
1778
15
16
28
125%
I3014
5125'8
512318
12978
West'm.
Del. Lack.*
22%
26
23
201a
Deo. <bB. 0.,aBs. pd.
55
527g
58% '54
53!%
i>ref.
Do
13
Denver & Rio Or. W,
*9ia
9^
D
Des Moines & Ft.
23
Pref
Do
73
75
Dubuque & Sioux C
Clev. Col. Cln.&Ind.
Clev. & Pitt8b.,guar
54
Col. Hock.Val. & Tol.
Col. & Greenv. pref.
t Prloos asked
•Prices md.
U All assessments paid.
§
Ex-dlvldend.
53
66
lS2ia •151
27%
161a
135
24^
1304
24=8
6018
•22
16%
15
554
121a
i3
IT
Er-right«.
I
—
—
..
DXCKMBEB
8,
.
THE CHRONICLE.
1887.J
Oetober.-
.
C(otlti{7 £owRAILROADg.
Stpt. 30. ft.
9>«
E.Tenn.Va.&Ua.R7.
55
Isl pret.
57
i>o
2(1 l>re(.
18
Do
10
10
EUi. Lex. ABIgS. .
83
BvansvlUe Ji T. II...
87
Flint A I'eri' Mar. pf.
40 %
ru Worth* IKMiv. C. 47
•0
OreenU.Wlu.i&St.P.
S-*
mah-
Harlem
800
•22
20
H7''g 114
95
12
"ii'i
200
20
119
05
5
5
28^
32%
39%
16
46>a
95 >
im
am
Buust.
lb
Tex. Cent.
UUncts Cen tral
Do
LIuo 4p.o
Ind. Bl.A W.asa.pit.
L'seii
Keokuk
<tt
KiDKotoD
A
Lake Erie
M
Di'g
Peinbr..
&
Wesi
.
.
"ii"
16
46
95 !«
Do
pref.
I^kke Shore
liODK Island
Louisville A Nash V .
LoulBV. N. A. AChlo.
Har<i Hungh.AOn pf
t85
MaiihHttau, eoiiHol..
^100\
em
41
Mauhattau HeachCo.
MfinphU A (Jha'Htoa.
Mexieau (cntral....
MlchlKan Central...
Mllw.
•14
U 8h. A West.
"84"
pref.
105 >•
Do
A St.
HlnneapoUs
Do
L,
prel.
•12
•25
Mo. Kans. A Texas..
25
MlBSuurl PaciHo
Mobile A Ohio
Morris A Essex
"76"
Sashv.Chatt.ASt. L.
New Jersey A N. Y.
5108"
». Y. Cem.A Hud. K
H.Y.Chl.*8t.L.,new
Do
Do
89
87
'10
\W 57
58'*
22
85
43
10
15>«
92
"io"
118
•is"
15
45
92%
•88 >«
57%
41
83
36
10478
12
101
•10
8%
S'a
135
68%
2>a
190
50
14
88 >4
85
•is"
8514
82
106 >4 '100
12<«
•9
26% 19
17%
84% 83%
2a
12
10
13aia
73% '72"
2>s
BAH
86
03
23 <4
85
83
•88%
86^
8ao«
47 H
9
48H
10%
210
215
II&I4
8414
118
2m
14
S
31
14%
45
92%
89
57%
40
841a
891a
291a
84%
16%
5
34>«
17
48%
07
93
63
45
84%
1031a
52
ia78
80>a
841a
1378
9218
8914
103
9
19
17
84%
'•48
•9
1081a
11
24>4
2108
93%
10
12
1357, 137
7318
81
4iSg
3»9
29
116%
14
109 14
45%
94%
'90
pref.
Eii)?rd.
H03%
29»8
66>s
40 >3
pref..
27
32
•37 1«
2i»
9914
24 >3
59
34%
208
leii
9
29
I519
4214
14<)g
8%
103% "27"
29 Tg
67
41
62
210
209
164
9^
25
13
28%
341a
42 14
15>a
24 >3
20
24%
Do
Sols
2578
4l3a
51
25^8
1379
pref.
Ohio A Mississippi..
Ohio SoutUirn
Omaha A 8t. L.,
1038
Peo. Decat.AE'vUle.
A KeaOiug
...
15
21°8
23
11807,
Pltteb.F.W.ACiCuar.
special.
Bensselaer A Uar
Bloh.A Al. st'k.tr. ct.
BlclimondA West Pt.
Do
pref.
Borne Water. A Ogd.
Bt. Louis Ark. A Tex.
Bt. L. Alton A T. H..
A 8. Francisco.
pref.
1st pref.
BbP. ADuluth
Do
pref.
8t.Paul Minn. A Man
Bouth Carolina KK..
TexasAPao.. ass. pd.
Toledo A Ohio Cent.
Do
26 >«
54>s
•82
•8'«
878
27 14
•14
3878
21
43>s
271a
•il"ia
148 "4
150»8
140
160
140
163
37
75
113
66
32 >s
106
'25%
5378
Virginia Stidlaud
I714
20
62 H
11
32>s
pref.
CnlonPaclUo
Cnlt«dCos. N.J
22>^
23 >4
63 13
35"
IO4I9
17%
16
75
66^
107
55
100
27
55
83
2318
•52 «
15>s
1418
•32
80
32%
77
1121a
67
101
60
^94% 1061a §104"
'sTiia
26%
22%
25
'20
49%
150
Do
pref..
28%
65 la
38%
49I8
46
25%
25
12
30
231a
•13
25
18
171a
2UI4
22 >a
62
7i%
1501a
163
163
9
23
2o38
537g
T»>a
1438
64
90
34
34
40
171*
371a
7414
110
114%
62 >a
66
101
105
878
15
4178
2258
20%
20%
tiSia
151
*87'"
•35"
36
72%
113
64
103
11178
106%
10%
O-a
"'56"
56"
-z7
-SO
Warren
A L.
Erie.
457g
581a
50
25%
American
108
70
Fargo A Co. .. '125
Com. ANu Mining.
Cameron Coal A Ir'n
Wells,
A
Iron
36%
Consolidaticiu Coal..
"28"
Colorado Coal
A Uuck. Coal
Homestaxe Mining
Maryland Coal
Colum.
.
Marshall Con. Coal.
Coal...
Ontario Silver Min..
QuIoksilTer Mining.
New Central
Do
pref.
Tenn. Coal ATron...
WhilebreastFueiCo.
Vahiouh.
Am. Cotton Oil Trust
Consolidated Uas Co.
DeL A Hud. Canal...
Bqaitable Uas Co. ..
Co
Oregon Improv. Co..
Oreg'n K'y A Nav.Co.
14
•10
I
28
37
23
•32
11%
7
11%
•26
26
•5%
•2i
27%
29%
72
99%
39
§90
§39%
4%
23
23
28%
14
13%
8
21
27%
•13
•12
13
12"
27%
•26
25
•23%
5%
27%
*140
127%
32
32
140
32%
40%
•5
25
23
25
27%
3378
12
10
7
13
16
10
15
27
14
26%
5%
6%
26
30
25%
85%
3138
87%
l,7t)U
10,680
1,615,588
.
Debt and lnter'8t.(^<wrt)i
808,081
1,100,584
i,I51,6«S
D'bt4lnt.net(ZrtaW(«»)
l).S. notes. 100,000,000
Fond held for redemp. of
notes of Nat. Banks.... 101,400,595
Five p. c. rnd for redemp.
7,928,488
of Nat. Bank notes
1,310,038
Bank notes
110
5b7%
131
37%
10,701,541
13,488,317
Res'Teforred.
100,000.066
108,781,559
7,898,940
810,674,498
in pro,
Dlsbnrs'g Oflloers'barces.
Dndlstrlb'd ass'ts of tail'd
4,00U68
3,0I3,46i>
Net res'rve8.(I/iaI>UUv)
(o«,«7s,8ar
806,868,615
3,423.670
43,960,053
89^(76,881
1,643,677
1,438,760
680
880
4,.<l98,t41
Fractional sliver coin re-
demption account
Redemption and exch'ge
account
Treasurer's transf'rob'ks
and drafts outstanding
Treasurer U. d.,aiieQt for
paying int. on D.Col.bds
ToUl
(.UabilUv)
fnt-on D.Col.bds pd (AMiet)
8.3S0
aeo
480,271
19I.4BS
4,996,386
6,614,879
139,510
188,337
54,936,576
8.568
U,a60.421
4>>1
•33
29%
Net
(.LiabttUy)
b4,888,0U
41,086,810
14
Balances.. (LlabllllT)
!I74,M1,»4S
998.431.098
•1*3'"
Net balance... (Asset)
Asaeu not aTallsble—
Minor coin
'93,398.701
90,798.704
•12%
•26
6
29%
29%
87%
Babsidiarr ilWer coin
50,870
S4,IS8.00t
—
79.466,975
Aggregate net At$et
SlJTSJtO
33% 31
31% 30
28% 33
§72%
69% 74% 73% 72% 77
96% 100% 100% 100% 106% 103%
120
115
35
79%
32%
115
41%
92
40%
33%
86%
32%
37%
88
33
120
[From oar own correspondent.1
London, Saturday, November 1», 1887,
88%
A better demand has prevailed for money. A certain
38%
§94
was due to the Stock Exchange settlement;
74% 74% amount of acti»ity
44%
91%
40
§99
4378
•94
92%
97
71
75% 73
151% 144% 152% 148%§iri86 §1114l>«§11139 but even after eliminating that influence, greater activity hoo
8% been apparent, and, with some contraction in the supply of
878
10%
capital, rates have been disposed to harden. Odd is stO
being taken from the open market for Germany, but ao far no
P> loaa asked. § Ez-dlTldand. fEx-tlxbts.
Philadelphia Co
Pipe Line Ceniflo'ls.
Pullman Palace Car.
Do
righU.
*Prlo«eUd.
28
31
22
22
13
l!62,He3
I
Nat.
'IT^
145
110
570
131
107
319>189,8«i»
Int (LlaWMfl/) 14,609,8>iO
1,780
Fract'l cur'cy redeemed!
U. c4. bonds and lute'st.
44.014
Int.cta*ck8 Acnnponsp'd
Reg. & coup. Int. prep'd. l,105,7e»
78%
70% 515%
3!)9,310,e44
n»,7iS
Acc'dtut., I>ac. RR.b'ds
81^8
*127
15,861,007
6,961,086
186,818
81,707,478
i,6ai.9oe
7,«3Z,583
8,262.975
due, unpaid
National banks
Currency and minor coin
redemption account
'107
18.403
42,42b,671
1
not accr'd.
*72i9
70%
7,815,000
Debt beuriuK no luter'st
Int. OQ Pac. KR. bonds
Debt and
96,188,67]
88,47e,0n7
7,388,000
170,000
e,SU4.t<8S
Balancen.... (Asset)
"i&^
130
4,':81,Ut«
16,318,820
i.vt.—
Interest due, unpaid
Accrued Interest
74%
4uia
*»fl»tm
814,175,532
61,789,038
Public debt and
"io'<i
68
80,664,778
«ii,i«o,sas
Certlflc's, net.CLiaMlitv)
71
76»8
107
Baiinem.
82,8Btt,ia8
32U,000
Net U.S. notes In treas.
Trade dollars redeemed
National Bank notes. ..
Deposits In Nat. Banks
Vi'ia
126
81, 1887,
188,542,981
23,IS3.2aO
7.115,000
(Autt)
Certiflcates Issued...
Certiflcates on hand.
'4218
•io"
Jollet Steel
PacmoMall
estates notes
3I=g
147
109
8«
ao2M4.«oe
164.168.451
3,451,494
3378
141
48«%
UHJ43.108
Redemp.res'r.(£>iaMI'. ty) 209,a79,077
212% 213%
77%
141
'HO
Amett ant
168,149^4
29%
7978
Batanta.
Certifies, Det.(i:4aMHty)
Net silver in treas^
291a
575%
OCTOHB
818397,588
33%
72
183
8e-«%
4 89
172,^62.720
4.413,440
2714
43
4
{Autt) 219,800,213
Post OflQce dep't account.
74
Adams............... >140
United Slates
Total slWer
16%
70
73
am""
Certiflcates Issued.
Certificates on hand.
19
41 °8
Tkleukapu.
Amer. Tel. A Cable.
Western Union
EXPRKSg.
net.d/IoMlMv) 90,780,153
Net gold In treasury
SiLTia— Dollan,atand'rd 219,882,443
4,02B,T;0
Bnlllon
11
122
37
4 88
R'nge
High 4 88
Low. 4 83
80, 1897.
(Jjwt) 3l»,«ei,a79
Certificates Issued
130,7M.&ei
Certificates on hand.... 3»,u;4,b38
46
19^
3% 4 8«-a%
:
Total gold
54
151a
86%
8M%
181.8S.S,7eB
oess of redemp. . .(Asset)
1814
3z38
4 83
180,777,483
....
Int. prepaid
ZOOg
8t. L.
Wheeling
Bnlllon
Matured debt
Inter't on matured debt
1031a
9
2314
28 14
AaHtM and
Ualiauit:
.
141a
149ia
4
4 83% 4 86%
....HoU dr....
Oertiflc's.
1213
40
A Pac
Com. recpta..
14
23
191a
37.,
38.,
30.,
30.,
a.
82%
4
4 83%-3 4
NoriHBCB
aoLi>—Coin.,
17
212
23!>g
34..
35.
26.
86-0%
8e-«%
86-6%
86-6%
86-6%
76 ia
ib7»«
30%
21
431^
30.
31.
23.
38.
comparison
89%
33
17
44
24 14
141a
39
17.
18.
19.
8«4%
8,
4 83-3% 4
4 83-2% 4
4 89-3% 4
4 82-3% 4
4 82-2% 4
4 82-2% 4
UNITED STATES TREASURY STATEMENT.
20
40
44
. .
Pur.
43=8
8-
82-2% t'86'e%
....Hon day
4 83-2% 4 86-6%
4 82-3% 4 86-6%
4 82-2% 4 86.6%
4 82-2% 4 86-6%
4
•10
"io"
681a
1121a
eat
4 82-2% 4 86-6t
17%
31
103
3II4
18.
14.
for October 31 for
17»8
IU14
714
2
33 19
38
3814
15%
187g
68=8
2
2078
47
62
210
*I5>«
pref.
Oregon Short Line..
Oregon A Truns-(Jon.
Do
21
39i<
101
2678
86-6%
106 >a
9
•20
171a
30
tHa-e%
4 82-2% 4 86-6% IB.
4 83-2% 4 86-6% 16.
871a
*84ia
60
•38
68
1S>8
t
4 82-2%
Kvf.
....J.
Otfia
141
18
4 82-2%
The following statement for November, from the office oC
the Treasurer, was issued this week. It Is based upon the actnal
returns from Assistant Treasurers, depodtariea and superintendents of mints and assay ofBcee, and shows the condition of
the United States Treasury November 30; we give the flgurea
43
14%
Not.
dayi.
1...
3...
8...
4...
B...
6...
7...
8...
9...
10...
11...
13...
I5k
77
17
726
BAMMM' nmrnuno KORAiiaB (rovno batm) fob MorBMiaB, IBBT
60
D^
ao
D»A*iTov.
32
40
lOia
14
Uia
10 la
46
101% 107% ibs's 106
Hortliem Paoluo
Wab.
•17^
61%
18>a
17»8
8479
Not. 30.
I0\
12>s
al.
68
Do
Do
Do
'84
36
83
96
10
45
101
10
58
31
BtgK- Olottng
10>4
541a
114
81%
78%
at.
2d pn-t.
H. Y. Ontario AW...
M. Y.Susq.A West..
pref..
Do
Norfolk A Western.
Bt. L.
2m
Nomnbtr.
Low-
1st pref.
N.Y.N.H.AHartfrd
PtUla.
Olnifg
Oct. 31,
.
2U>4
Do
A New
N. Y.
13i«
est.
.
1:14
N.Y.Chlc.ASt.L.ass.
Do pref, ass.
H.Y. Lack. A West..
N.Y. Lake Erie A W.
.
98
68%
95
67
.
.
..
.
,
:
:
THE CHKONICLE,
726
Meanwhile
recourse has been had to the Bank of England.
per cent, and
the charge for short loans has risen t» 3@ 33^
firm at 3
the discount rate for three months' bUls is tolerably
per cent.
of
The following return shows the position of the Bank
&c.,
consols,
of
price
the
discount,
England, the Bank rate of
compared with last three years :
1887.
1886.
£
£
23 .395.1611
12.40UH80
aecorltiee
14.035.816
18,865.7S8
18,803.753
other seourltteB
Reeerraof cotes and ooln
Coin and ballion
Beserre to llabUitlea
13.318,678
19.758,451
21.681.636
12.290,902
10,707 JJ48
19.752,910
C.
4p.
e.
42J4P.C.
:
.
i.
Hamlin, President; H. T. Pai-mcle, Casliii
3,818—The San Bernardino National Bunk, California.
F. H.
000.
44;< p.
88K
0.
J.
C4.
l.-9.013.0fl(l
p. c.
the courtesi of the Secare enabled to plat- before our
readers to-day the details of Government rec^ pts for the
month of November. From previous returns \> obtain the
figures for previous months, and in tliat manner complete the
statement since the beginning of the
tMi
OmttUd.
£60,000
50,000
70,000
70,000
£100,000
*iO shares
Kaveuswood Gold Company, Qiiocnsland, £1 shares
£100,000
FOKElfiN.
£550,000
The Dutch Rhenish Railway Company, 3hi per cent bonds
Balonica Gas Works (limited £5 shares
do.6p.ct. debentures, £100 each
80,000
10,000
,
•To acquire existing business.
formed with a capital of
Inter'lilliK'U
*
I
t
I
*
t
AOKtlSt
22,687
10,860
8.081
September.
October
20,790
10,442
10,8i9
2.619
30,815
85.618
3),860
3,414
83,83g|
3,503
29.U8n
21,103
80.088
10.758
15,141
14.4511163.26011
91.076
9,768
ie.59tt
Norember.
Changes
December
15.742
9,861
97.031i
51.770
2,882
17,899
lnter*l
Bev'ut Soure'sl
*
9.480
8,990
9,460
—The Comptroller of
$
I
2,258| 29,637
9.479
9,"90
2,439
S3,r,23
8.141
31,687
29,538
27,576
3,801
2.716
48.199
12.885 168.080
Legal Tenders and National Bank
in
1.
Notei? to
the Currency has furnished
us the following, showing the amounts of national bank notes
1, together vrith the amounts outstanding Dacember 1, and the increase or decrease during the month; also the
changes in legal tenders held for the redemption of bank
November
notes
national Bank Ifoies—
Amount outstanding Novenibpr 1,1887...
Amount issued during November
Amount retired during >ovember
well supplied; neither foreign importations nor home delivl
cries have been at all excessive, while the actual demand has
been quite of an average character.
The more prominent
influences affecting the trade remain practically the same. If
I
]8,21.'>
of the Westinghouse engines over Great Britain and Europe
generally, except Germany; and over India and all the British
While nothing of moment has transpired in connection
with the grain trade, the tone of the market has certainly
been strong. The severe weather and the prospect of diminished importations have affected the trade. Wheat has been
distinctly strong, and if not quotably higher has certainly
tended against the buyer. The markets have not been over
'
Utms.
£100,000, in £10 shares, proposes to acquire the patent right^
colonies, except Canada.
ClM-
jbtaZ.
Etv'uc Sources
Jnly
Total 5 months.
COLONIAL.
(limited),
year for 1887-88
fiscal
1886-87.
Oiutomi.
AMEBICAK.
The Eagine Company
we
•
:
(limited;,
apital, 5>200,-
<
Burt, President; E. H. Morse. Cashiii-.
retary of the Treasury,
000<
capital creations for the week have been
LOCAL.
• Alsing A Co. aimitedi. fil 8h»rea
South BtafforUahire & Birmingham Di.strict Steam Traiuwa.ra Co. (limitctli, five percent 1st mortgage debentnrea ..
•Morel Brothels, Col)bett& Sous (luuitt'di, *5 share,'), ord
do.
do.
*5 shares, 7 p. c. pref
Th e
The Engine Company
;.
9 P.O.
4p. c.
3 P.O.
100 3.161.
lOO^d.
102d.
139,013.000 124.585.000 123,400,000
103 S-16d'
Cleirtnir-Honae return
22.W8.408
18,990,058
20.929.657
rate
CdiuKila
6.156.703
20,119.143
47-78 p.
National Banks.— The following banks have r cently been.
organized
3,816—The First National Bauk of Terrell. Texas. CiM'i'al, $50,000.
John Caro Russell, President; M. W. Raley, Cbk
r.
3,817—The Cauandalgua National Bunk, New York. Ca till, ?100,000.
Government Revknue.—Through
£
24,795.870
12,378,518! 11.282,99»
20.310.182
XLV.
[Vol.
(^omroixciKl txuA W^isctllviuitaix^ Hews
1884.
34.576.145 24,3.S8,755
3,069,309
3.a39.747
23.083.354 24.122.580
24.IS1.670
8.365,875
PaMIc depoalU
Other depoalta
OoTemment
1886.
£
Cjcnlatlon, excladtng T-day and
other MUb...
Bank
.
up
Amount
to
December
otitstanding
1
$271,801,274
$1,687.89
3,840,0d0
December 1,1887*..
2,152,133
$269,649,141
Legal Tender Kolta—
deposit to redeem national bank
notes Novemlier 1, 1887
during November
deposited
Amount
Amount i-e-fseued & b'nk notes retlr'd in Nov.
Amount on
$102,586,207
$3,038,095
3,83b,98o
deposit to redeem national bank
notes Dfccmiie;- 1, 1887
800,885
Amount on
$101,785,322
•Circulation of national gold banks, not luoiuded above, $233,854.
According to the above, the amount of legal tenders on
December 1 with the Treasurer of the United States to
judged solely by statistics, values should go higher, and no redeem national bank notes was |101, 735,333. The portion of
doubt they will as the season progresses but that they will this deposit made (1) by banks becoming irisolvent, (2) by
ever go to a remunerative level is quite another matter.
banks going into voluntary liquidation, and (3) by banks reThe following shows the imports of cereal produce into the ducing or retiring their circulation, was as follows on the first
United Kingdom during the first eleven weeks of the season, of each of the last five months
and other items, compared with previous years:
Dec. 1.
Oct. 1.
Ifov. 1.
Sept. 1.
Deimiitt by— A.ugu»t 1.
IHl-OBTS.
deposit
;
18R7
1886.
11,406,378
5,994,450
3,842,825
031,637
467,914
472,823
525,930
2,774,373
5,617,357
4,185,705
3,470,875
yheat
5"'ey
owt. 10,562.900
;i,40i,848
3,.576,968
Oata
Jeaa
Beans
Indian
Flour
com
1885.
13,146,438
3,480,808
2,888,344
452,602
834,810
1884.
12,720,767
5,221,963
2,761,953
452,684
834,928
5,7.57,112
4,047,.559
2,507,687
3,315,317
Total
Aiir,
Supplies available for consumption (exclusive of stocks
on
September
1):
Imports of wheatcTrt. 10,562,900
Imiiort« of flour
4.185.705
Bale* of home-grown. 9,659,981
Total
24,408,586
Aver, prlco wheat
Aver, price wheat
!
i..'.
1886.
11,496,378
3,470,875
8,166,361
1885.
13,146,438
2,597,687
10,056,141
1884.
12,720,767
3,315,317
11,203,528
23.133,614 25,800,266 27,239,612
1886.
1885.
1884.
1887.
.week. 30s. 6d
eeasoul 298. 4d.
318.
Od.
30s'. lOd'.
3l8.
3l8.
Od
Id!
318.
32i.
810,501
ineolvt bks.
829.786
790,536
958,902
8,208,541 8,059,788 7,913,748 7,792,493
Ked'c'g uudr
act of '74.* 97,882,052 95,217,191 93,977,287 93,831.812
Liqitid*gl>ks.
in«9ni091 10406751.^ 1(^2720831
of J une :i0, 18/1, auu July li, 188 i.
I02.=i«62it7
Eleven MonthM o/ias?.
Korember.
Denomination.
Pieces.
Doable eagles
.The daily closing quotations for securities, &c., at London
reported by cable as foUows for the week ending
Decem-
^
Value.
Fiecet.
LcmiUm.
Bat.
Jfo".
I
I
Wed.
Thvr$.
r. 8. 4l28 0f 1H91
n. H. 4sof 1907
Oanadlau Paclflo
Chic. Mil. i fit. Paul
common
stock
...
llOia
llOia
130
130
aSHg
55=8
80 '6
79
3118
3014
I2OI4
565b
niluois Ck'ntriil
120 19
57
& Reading. 36 14
Pennsylvania
Phlliulehiliia
>«w York
Central
1121a
35.T1
I
4315,,
431B,,
1037,8 10338
1037,„ 103%
81-771B 81 'SS
110^8 IIOI9
129'8 129%
55
77 12
55 -ii
29H
30 19
120
119!U
56
35
lllO»B
7778
4378
56ifl
77
29I4
.56ifl
II9I9
56
35'a
llliB
110%
35 ig
235,064
772,670
4,701.280
7.7-26.700
9,090,2ii0
loo
82
5»d
300
173,000
3,460,000 2.826,566
21,519,343
8,400,000
3,400,000 30,826,510
30,826,610
. .
205
59S
lYi.
4313,6
X01M,8 lOlU.g
x02
101 '9
81 '25
IIOI3
129^1
Value.
*
3,160,000
1,818,052
Three dollars
Suarter eagles
Total gold
Tua.
I
Bile
173,000
Eagles
Half eagles
ollara
Bllvcr, i>er oz
d.
4313,8 4379
Consols for money
1037,, 1037,.
Consols for account. . .
1037,8 1037,„
PVch rcntfe (in Paris) fr, 81-7() 81-80
101785322
—
5d.
Si.
Ensuata Flnanelal .TIarlceta— Per Oabla.
93,369.883
ooiNAGK BY United States Mints. The following state,
ment, kindly furnished us by the Director of the Mint, show g
the coinage at the Mints of the United States during the month
of November and for the eleven months of 1887 :
$
1"^
879,949
7,536,390
Standard dollars.
Half doUars
Suarter dollars..
Imes
610
610
255
128
2.670,0C0
267,000 12.055.341
1,265.534
6,070,000
3,667,000,43,482,871
32,092,427
2,414,400
120,720 12,553,752
627,688
4,957.0u0
2.061
49,57o' 37,f;96.583
376.965
,
..
..I
81-92 la
no's
Total silver
,
129 !«»
501a
Five cent*..
77 "8
Three oent«.
2979
119's
57»8
3538
111
One cent
Total minor
..,
Total coinage.
62
7,371.4U0
170.i9l' 50,252,396
1,(04,715
13,614,400
7,297,290 96,561,833
54.616,485
'
:
.
DEOBMBER
6
,.
8,
THE CHRONICLE.
1887.J
Bonds Ubld bt Nationa.l Banks.— The foUowioK interesting statement, fiirnishecl by the Comptroller of the Currency,
•hows the amount of each class of bonda held aKainat national
bank circulation and to secure public moneys in national bank
We gave the statement for Nov. 1
depositaries on Dec. 1.
in Chronicls of Nov. S, page 599, and by referring to that
the changes made during the month can be seen.
Balantm.
Dale.
DataHplion of Bondl.
Bonda Btid
8.
Pubiie DepotUt
in Bank*.
Dec.
Total Htld.
9661,500
11,033,500
29,097,500
3,781,000
80,804,600
143,216,900
(141,176,000
$187,291,000
$228,467,000
4peroenM
TotAl
Bank
OircuUMon.
9U4,500
4>« iieroenta
Imports and Exports for thb Week.—The imports of last
week, compared with those of the preceding week, show aa
increase in dry goods and a decrease in general merchandise
The total imports were |3,5& 1,983, against $3,738,303 the preceding week and $3,146,785 two weeks previous. The exports
for the week ended November 39 amounted to $5,637,344,
against $6,090,816 last week and $6,793,534 two weeks previ-
The following are the imports at New York for the
week ending (for dry goods) November 24 and for the week
ending (for general merchandise) November 35 also, totals
since the beginning of the first week in January
ous.
;
:
FOBEIGN IMPORTS AT NEW YORK.
For Week.
1884.
|
Dry Goods
Sitice
Jan.
1.
1887.
91,5.'i4,899
5,909,104
91,775,691
6,700,492
4.590,603
6,430,587
sr7,271,9»5
98,476,186
96,145,502
98,591,963
Oeu'l mer'dise..
Total
1886.
1885.
|
$1 .,362,891
92,101,.S76
|
Dry Goods
991,100,493 9105,812,412 *1 11.599.48,-)
257,804,256 286,679,346 312 641,319
.flOi.igS.ft.S?
Oeu'lmor'difle..| 289,270,699
I
\Ooin CerCt
Vurrmeff,
nm:
787.02S
1.11H.9M
1
Ootn.
913
,507.526
-o
l,40(i.
II)
894.097
1,075,HM9
1,949.132
l,I09.5l«» 130.7(M.V!!>9i rJ, ltl.'<.2l«
1,968,010 130,7(1,793 22,.561,7I1;
7,332,»20<
b,075,47ll,
1,737.'.>.
ii....^.i63
.,...,..,.,
0,900,273
10,447,349
1
Dee. 1, 1887, to Steure-
3,256,000
69,771,100
114,119,400
9520,000
525,000
Act July 12, 1882..
Cnrrenoy 68
Se,
raymenlt.
Xtctlpli.
Nor.
TdUL
U.
727
BoHton City RondR.— The City of Boston invittii propotala
for $650,000 City of Boston loans, of whioh $300,000 It • 4 p«ar
cent lliiity-year Stony Brook Improvement Loan, due and
payable October 1, 1917, and $l.M) 000 is a 4 p«>r cent thirtyyear Cocbituate Water Loan, due and payable Oct. 1, 1917,
—
Flint St Pare Marqnette. The com-non stock ho1d«rs are
attempiiog to stoi) the proposed purciaae of the Port Huron
& Northwestern Road by the Flint & Pare Marquette director*.
The oillcers of the compiny departed on the 3Sch ult. from
Detroit for New York to close up the deal but the oommoa
stock holders got Judgd Brovn, of the United .Sia'es Court,
to issue an injunction restraining the conaammation of the
purchase,
—
Houston & Texas Central. It is reported that the opposing interests have practically I'eti led their differences in the
reorganization of the Houoton & Texas Central Railroad
Company, and that.the amended plan of reor^ anizition will be
made public next wi'ek with the Central Trust Company as
the trustee under the new plan,
—
Manhattan (EleYated). It is understood that the Manhat.
tan Railway Company has arranged a fale to Drexel, Morgan
Co, of about $3,000,000 new consolidated 5 per cent bond^.
The bonds will not be issued until after January 1, 1^8^, and
they are part of a contemplated blanket mortgage of $'.5,00O,000, which will be used to retire the existinK 7 per cent bonds
whenever satisfactory arrangements can be made. The present issue of $3,000,000 is to De used to cover expenditures for
improi ements, new rolling stock and purcha.'>e of real estate,
for which it is presumed the floating debt baa been incurred.
The company this year has expended some $600,000 for rolling stock, and heavy additions will be made to the equipment
&
next year.
Total 47 weeks. $393,470,636 9348,904,749;9392,491,788 9424,240,801
Memphis & Charleston. — In the mention of this company
made last week in the Chronicle it was stated that the old
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 November 39 and from January 1 to date
board of directors as reported held on till next year. Parties
connected with the M. & C. Company inform us that this is
erroneous and that they shall continue their efforts to get
possession of their property. All that was dt>ne at the tima
of the proposed election was the enteiing of a stipulation by
both fides that they would not take acnon without 30 days'
notice.
It is very much to be hoped that the East Tenn. and
M. & C. parties will be able to reach some agreement satiafac-
:
EXPORTS FROM NEW YORK.
1885.
1884.
For the week..
.
Frev. reiwrted..
1886.
1887.
96,045,2011 95,627,244
94,621.0231
296,235,1831 291,022,217| 283,463.355 274,719,189
95,273,.368
Total 47 weeks. $301,508,551 $295,643,240 $289,508,556 9280,346,433
The following table shows the exports and imports of specie
at the port of New York for the week ending Nov. 36, and
since January 1, 1887, and for the corresponding periods in
1886 and 1885
EXPORTS AND IMPORTS OF SPECIB AT NEW YORK.
Importt,
Erportt.
Oold.
Week
\BinceJan.\.
Since Jan, 1
Week.
I
GTWit Britain
France
Oenuany
$142,171
30,825
968,101
2,569,490
West Indies
Mexico
South America
All other couu tries.
918,677
22,666
2,454.314
559,214
Total 1887..
Total 1886..
Total 1883..
941,277
32,350
96,724,615
37,502,032
6,881,486
500
7,94
95,348,339
8,444,297
$391,2111 17,722,708
4,836,333
230,196;
3.58
14,504
1,709
245,248
594.787
7,100
9630,574 937,206,21
1.985,994
172,024
24,898,901
12,607,987
Importt.
Exports.
Silver.
Week.
Great Britain
Prance
Germany
West Indies
$258,500 $8,650,674
878,273
5,000
179.381
224.205
1,515
1887
Total 18H6
Total 1885
TotJ»l
Week.
2,210
4,097
5461
2,138
26,580
$:t31,415'$10,100,250
9,139,598
218,.535|
288,668! 14,5.50,2531
$33,472
70,929
26,610
21,3.58
66,400
Since Jan. 1
9303,580
111!
65,898
140,467
Menlco
South America
All other couutrica.
\binceJan.l
1S2,.536
547,291
74,426
220,391
586.327
$1,022,767
1,80 ,276
1,721.237
tory to both.
—
Missouri Paclfle. The Missouri Pacific will reach Pueb?c»
about two weeks, and its traffic will go over the Denver
& Rio Grande road to Denver and Leadville, a third rail being
now laid to the latter place over the Rio G.ande through the
Qrand Canyon.
Col., in
—
Ohio River. A favorable report is made by the constraotion committee of this company. The earnings of the line
from Wheeling to Point Pleasant in 1887, wiih Novembe' and
December estimated, will be $378,476 and nee earnings $193,133.
That portion of the road from Parbersburg to Point
Pleasant was not completed for business till M*y 1. The total
After
interest on out-itanding bonds for this year is $151,500.
the fi'st of June, 1888, a large increase in earoiaKS U exps cted,
as forty miles more of road to Huntington willtb'n be in
operation, giving though connection south and west, the ro»d
being 310 miles long, with connections north and east from its
Wheeling termiuu?.
Pacific Mail S. 8. Co.— Director Lauterbach of the Pacific
Mail Company says that at the Transcontinental meeting
Canadian Pacific was allowed a differential and Pacific Mall
was granted a subsidy of $65,000 a month, on condition that it
would not compete'for the higher class of business. This
subsidy at this rate nt-ts the company, it is said. $j,000 more a
month than when $8,5.000 was receiv-d. as then the P.inama
company was repaid $70,000 against $.55,000 now,
Pittsburg Cleveland
& loledo.— The
United States Cjurt
has granted an order of fale of the
& Toledo Railroad, the creditor* of the
road having obtained ju Igments against it for about $.'0,000.
The order of gale stipulates that the sale of the road shall be
made sn*iject to the fist mon^Hge. The road is bow under
the control of the Pittsburu & W»-Btern Riiltoid, having b^en
at Youngstiiwn, Ohio,
Pittsburg Cleveland
leased to that company in 1884 fur a terra of 9 » years. Th«
order of sale granted is also bo arranged aa not to affect thia
lease.
Of the above imports f'-r the week in 1887 $140,301 were
American gold coin and $3,167 American silver coin. Of the
exports during the same time $41,377 were American gold
com.
— Attention
is
cilled to th« advertisement of the Lom^'a'd
Broadway. This oompanv waa
and incorporated under the laws of Kaosaa
in 1883.
It has guarantend $^.000,000 or loans and pud off
due. secured by farlti
United Staf«9 SnbTreitsnrT.—The following table shows $6,000,000, leaving $18,000,000 now
larue bu ine»a the total
the receipts and payments at the Sub-Trfasury in this city, as mortgages. Notwithstanding this
aggregate some $13;;. 000. Bonds are
well as the balances in the same, for each day of the past foreclosures to date only
made in sums of from $3U0 upwaiU^ «i 6 per cent, payable
week
lav.stment Company, 150
established in 1851,
:
I
..
:
.
.
THE CHKONICLR
amounts.
sav'gB balks are .lid to hold large
Central Company give
Wisconsia
The
second
noU to hoTder'Tofoutstanding the opportunitf
^^^^^^^t^^^oiFnTe
to exchange
f^ed and common stock that by the company termmates
issued
securities
the
for
ih^me
new stocks are
Slc^^r 3l6t. 1887. TheTrust
^^/f^^^^l^^,
the Farmers
Company and
Boston Safe Deposit &
and upon termmaTrust Company of New York
exchanges on the
W^^of the present y^r the offer to make
present basis is definitely withdrawn.
Bome
HARTEY FISK &
fifty
trustees of the
J
28 IfAiSAU STREET,
ACCOUNTS
&
TORE.
BANKS, BANKERS, CORPORATIONS, Merchant*
balances.
Our business In this department
funds awaiting investment tod
&
Auction Sale8.-The
auction by Messrs. Adrian H. Muller
of
NEW
and Individuals received subject to demand
list
in this issue, under "Banking
of this city. The
known firm of Mesers. Griswold GiUett
been promptly paid
always
has
securities
these
on
totwest
Western Rail'oad Co gives notice that
-The Norfolk
ide Rail8 per cent bo°ds of the Sou h
preferred
199,000 first
extended till 1900 at 5
be
may
1
Jan.
due
Virginia,
road of
presentation.
per cent, or will be paid off on
following were sold this week at
SONS,
BANKERS,
L^&
of }>?n^«
the
_ Investors are invited to notice
P™f«*ff.
and Financial," by the well-
rvou XLV.
it
Is
Interest allowed on
draft.
steadily Increasing. Many having
let thorn lie with tu
what securities to buy.
a convenience to
drawing interest whUe deciding upon
WE OFFER FOR SALE A LIMITED AMOUNT OF THE FOLLOWING DESIRABLE INVESTMENT SECURIIIE8 :—
& Son
S^aret.
Shares.
30 N. Y. Arcade B'way Co . 50
100 Metropolit'n Tr. Co.l60®162
20 Mechanics' Fire Ins. Co.;
iw)
100 PennBylvania Coal Co
71
of Brooldyn...
ER.
Syracuse
<fc
100 OBwego
20 Imp'tcre' & Tra. Nat. Bk. 334
Co., (guar. D. L. & W.). 165
of New York. .... 219>a
Bank
7
156
Co
RR.
Ave.
25 Eighth
100 Sutro Tunnel Co.. 24c. per sh.
40 Rcnsscl'er A 8ar. RR. Co. 163
Bonds.
156 Pennsylvania Coal Co. .. 258
Eighth Ave. RR. Co.,
5 Pennsylvania Coal Co.... 281 Jj $2,500
.-- 10812
Scrip
68,
114%
Co
RR.
Ave.
60 Second
lOCa $1,000 Jersey City 6s, due int.
10 Clinton Fire Ins. Co
105^2 &
1910
106>3
17 Ninth Ave. RR. Co
100 Un. States Electric Co... 303t
the
Mew York City Banks —The foUowIng statement shows
for the
condition of the Associated Banks of New York City
.
.
FIRST MORTGAGE SIX PEER OBNT SIXKINO FCNO
BONDS OF THE
GMtAPE
COAL CO.,
ClfcEEKl
.
ot DANTILI.,E,
DVB
.
week ending November
26, 1887:
Loafu and
DUcountt.
10,480.000
10.084.000
7,230.200
Herchants' ........
8.077,000
...
Uechanics*
11,459,300
America
3.193.000
Phenlx
9.065,400
City
2.537,600
Trftdejiinen's
1,326,500
Fulton
19.161,300
Chemical
3,247.300
Xerobants' Exch.
B.674.100
Gallatin Natioual
1,778,700
Bntobers' <& DroT.
1,88;,000
MeclianioB' A Tra
Manhattan
Co.....
l,04fi,100
Greenwich
Leather MaQnf'rs.
Seventh Ward
State of N. Y
American £xoh*ge.
8,343.300
1,211,100
3.616.100
16.042.000
Commerce
Broadway
l6,-i25,000
Hercantile
Pacific
Bepnbllc
Chatham
Peoples*
Korth America.
Hanover.
Irving
dttzens*
. .
..
Naesan
Market
m. Nichnlas
Shoe
Com
&
Leather...
Exchange
...
Continental
Oriental
Importers' <& Trad.
Park
Worth Kiver
Kaet River
Pourth National
Central National.
Second Natioiial
Klnth National...
nnt National....
4,636.000
1,291.800
2,326,900
2,128.400
3,626,000
H.Y.Nat.Exoh.
Bowery
M.Y. Coonty
German.Americ'n
Ohaae National.
XlfthAvenae
6,2tll,600
German Exch'nge.
Oermanla.
irnlted States
IJncoln
1. 998.001.
21.071,'iOO
ThJjd National..
,
Garfield
PUtk National....
B'k ot the Metrop
WeetSlde
Seaboard
auth NaUonal...
Weatem NaUonal.
Total...
1.460.000
2,421,000
1,828.600
1.128,000
1.662,200
663,000
3,326,600
396,300
260,200
6,422,700
461,200
470,900
372,200
101.000
142,100
380,600
361.20U
448,900
2,866,000
2,798,J00
l,0iB,200
S.959,600
7,688,000 1,239,700
438,300
2,616,600
7,739.900 1,691.200
906.400
4,360,900.
304.100
1,898,100
490.i00
2,736,000
10.969.000, 2,916.100
636,900
2,7d3,000
730.800
2,441,300
461,100
9.571,800
614,-.f00
3,192.2u0
302,600
1.960.200
655,000
3,106.000
740.000
8.112,600
483,800
4,600,100
17,969,000
16,870,400
2,044.100
1.022,300
17,221,000
7,230,000
3,460.000
4.869,400
3,601,900
3,233,600
2,478,400
8,295,200
2,679,300
1,889,500
1,414,100
8,436,700
1,834,600
2,037.100
1.841,100
7,741,,S00
than U.
$
$
KewYork
other
2end<r».
224,800
4,020,400
6,086,800
84,4110
211.100
3.216,300
1,631.000
647.000
1,110.700
3,406,000
961,900
S.
$
9,380,000
11,039.000
3,687,000
6,539,000
10.087,800
2,975,000
710.000
678,000
665.100
639.000
460,300
174.000
398.000
161,700
2,142.900
1,278,000
20,622 ,S00
3,526.300
4.167,700
1,730,200
2,171,000
1,060,700
61,3(10
2,6tt4,300
939 000
1,046 lOu
265.200
499.400
28.1,600
496,600
320,300
117,100
368 800
632,500
212,300
230,000
37i,000
208,100
68.400
23S.000
241,000
604,000
872,600
1, 506,800
7i8,100
169,100
108,000
1,286.000
3.105.200
12.858.000
10,984,600
6,519,000
7,315.900
2,956.400
7,776,400
4,688,800;
2,573,200,
8.390,700
12.036.800
2«75,000
3,126,100
$
46,000
over and above operating expenses and interest on its bonds, and has
always paid its Interest promptly. We look upon these secnrities, at 95
and accrued interest, as the most protltable Investment offartug in the
46,006
market.
tion.
FARMERS' LOAN
Loans.
Specie.
•
" 19 ias.431.800
26 133,1 69.60(
L. T'nders.
CO., Trnsteea.
00
FIRSr MORTGAGE SIX PER CENT 30-YEAR ;B0NDS
OF THE
"iiebo
536,300
43,000
993,300
46,000
899,400
Italaiiiazoo Street It'wtxy Co.,
1
Of KAliAMAZOO, 1HICH.,
INTEREST MATT AND NOV. 1 AT THE CENTRAI.
TRUST CO., NEW TORK.
42,200
44,000
This
a
46,000
40,700
46,000
19.3:J8.400
983,400
38,400
il.l6H,200
1,967,200
1,035.900
8,067.000
4.033.000
5,086,500
17,907,200
4,539,300
1,045,700
2,666,100
2,637,900
2,117.000
6.233,400
3,646,300
3,036,800
2,766,600
3.427.800
3,212,100
2,190,600
1,600,600
142,600
282.600
239,900
66,400
401,300
153,300
680,600
838,800
48,900
114,000
211,600
181,500
329,600
238,000
177,400
78,000
716,200
89,000
624.300
261,600
432,100
17,74.'>.000
322,600
1,066,500
90,000
2.916.900
1.876,000
3,366,000
6,227,900
4,880,700
2,021,000
1,151,000
373,000
Company has always paid
stirpluB
46,000
81,000
180,000
45.000
39,000
46,000
445,800
interest promptly
I
and U earning
on Its Mort-
Interest
PRICE PAR AND ACCRUED INTEREST.
CITY OF
SIX
.|
tot*ek:a.
PER CENT mPROVEtlENT BONDS.
Isaned for Street Improvemsnta.
Population abont 40,000.
Aaaeaaed Valuation of the Ctty, S7,'^76,234.
Eetimaied Valuation. 8-23.000,000.
2oV,sod
226,001)
180,000
67i6b6
CITY OF OlMAHAFIVE PER CENT 20-YEAR IMPROVEMENT BONDS.
46,000
44,200
46,000
130,400
ORISWOL.D
4,333,(100
1,976,000
2,260,400
2.001,600
5,956,000
its
over and above operating expenses an
gage-
42,100
180,000
38.3U0
3
A.
OILL.ETT
WALL ST., NEW YORK.
1887.
12....
19....
86....
Loans.
COFFIN
*
8.384,400 108,128,600
3,238,500 106,811.000
S.258,600 104.897,800
totals
LawtolMon'y
have
8,282,100
8,078,400
8,031,800
92,146.091
90.601.877
76.33^.051
87.166,900
23,336,000
86.665.700
22,870,900
87,086,000
i<6.840,900
"
22.663,600
86,324,)- 00
87.880,000
*Iiiol«dlnf the Item " due lo osner banks."
Cironla'u
St
STANTON,
BANKERS,
tiwen as followH:
Deposits.*
WALTER STANTO*
WM, EDWARD COFFIN.
Deposits.' ICircnla'n. Agg.Cl-nga
t
8.987,600
9,288,000
8,026,200
Philadelphia Banks.— The
"
TRUST
368,277,900 70,006,100 24,681,100 351,691,20o| 8,087,600
Ko. 12 188.617,500
Nov.
dc
261,000
Boston Banks.— Following are the totals of the Boston b anks
1887.
Bank Presidents and Trustees, The Company
4 PER CENT on $1,000,000 of stock,
earning at the rate of
3.160, 600!
1,267,30,1
259..')
these securi-
10,13ii,M00
406.800
342,000
388,400
88,600
281,000
124.100
269,600
70,300
306,700
133,700
501,200
372.000
311.400
1,164,600
776,600
188,400
173,800
1,063.400
786,600
406,700
361,900
961.900
203.000
358,000
410,600
774,800
Is
Circula-
$600,000, over 9350,000 of
held for investment by many of the most conservative Investors
of this City, State, and all through New England, including many of the
Amount of—
Ntt DevotiU
Svecit.
of a total issue of
ties are
leading Savings Banks,
Avtrage
Soma.
Oat
III.,
1916.
II
ITAIil.
STREET, NEVF VORK,
Agg.Cl'ngs
$
$
2,308,230
2.311,750
2,310.760
60,344,366
70,508,939
80,491,137
NEGOTIATE
State,
Manlclpal, Railroad, TValer and Oa» Bonds.
MONET ADVANCED ON MARKETABLE
SECUEITIES.
—
Dkobmbeb
3,
:
,
THE CHRONICLE.
1887.J
DITIDBNDSi
Tlie (oltowlnfc dividends
have reoently been annoanoed
Ifame of Oompantf.
Per
When
Cent.
Payable.
:
Sooki Oloted,
(Day inelutive.)
Rallroada.
Olilo.
ANortliweBt'n, pref.
Do
do
1\
(qiiar.)
I,.
Coonectlciit
Deo.
Dec.
Deo.
3
(-oinmon....,
&
Clilo. (qiiar.)
River (<iuar.)
Cln. Ind. St.
2
Jan.
Jon.
Deo.
Doo.
Jan.
•Ik
Denver A RIoUiaiiae. pref
Eaatern MaHHa<'huRetti<, oummon.
Kaaterii Niw Uauipuhlre
Old Culoiiy
3>«
24 Deo.
24 Deo.
Deo.
4 to Deo. 27
4 to Deo. 27
2 to
Deo. 31 to Jan. 12
Deo. 4 to
New
York...
Deo.
Deo.
2
A HiuUun Ciinal (guar.)
AIM Ik per cent In aorlp.
Delaware
1
•
15 Deo.
15 Deo.
729
Exclian^fi.— Stcrllnff excliange h«i been rather dull mont of
the week, the demand barioff Continued light.
RatM have
ruled easy, notwillistanding that commercial bills have l>ecn io
limited supply most of the time, and actual rates have ha<l •
slight downward tendency.
Asking rates were reduced ^r. by
some drawers to conform with the lower rates maintained by
others, and all leading bankers are now quoting 4 82 and 4 80.
To-day the ratea on actual business were as follows, y\z. :
Bankers' 60 days' steriing, 4 81i®4 81); demand, 4 80iO4 8U.
Cables, 4 86i®4 86^.
Commercial bills were 4 70|«M 80;
Continental bills were: Francs, S 24| and 5 21}; roiclimarlu,
e4{ and 95i; guilders, 40 and 40^.
The following were the rates of domestic exchange on I7«w
York at the under- mentioned cities to-day Savannah, buyincr
selling
Charleston
buying \
\ discount ;
} premium
discount; selling par; New Orleans, commercial, $1 00 discount; bank, par; St. Louis, 76c. discount; Chicago, OOc
discount.
The rates of leading bankers are as followa:
:
15
;
nlarellaneona.
ConsoUciatrd ()»« of
:
;
1 to Deo. 15
1 to Deo. 15
WAL.1^ STREET, FRIDAY. Dec. a, 188T-S P.M.
The Honer Market and Financial Situation.— A slight
pressure in the money market and the apprehension of further
stringency have had some influence in checking business at
Deetmber
Demand.
auety Oayi.
2.
Prime banhers' uterllng bills on London.
4 82
4 86
Prime coiiinierclal
4 80>s«4 80%
,.
Documcutary cummerclal
4 80 44 SuVt
Paris (rrsnof)
5 25 AS H*a 8 22>«»6 21Ta
Anisterdaiii (^fullders)
39l>i<i«40
-...-40>a»40Si«
94%*94''«
Frankfurt or Bremen (relohmarks)
95>««95li
Our city bank officers have sent away a
money the past two weeks, part of it to Canada
(by express, not by the cashiers in person), and there seems to
Coins. The following are quotations ingold for Tanous coini
be a general opinion that during the balance of tliis month
BoverelKns
94 83 «$4 87 SUver I48 and >ts. — 99%9 — ....
money is not likely to rule at much easier rates.
Napoleons
—93 » — 98
3 85 » 3 89 Five francs
Relohmarks..
X
4 74 ® 4 77 Mexican dollars.. — 75 » — 76
The railroad situation remains extremely good. The Trans- X
X Guilders
3 96 '3 4 00
Do uncoinmero'l — 74'<a — —
— 73%» — 74%
Continental Association has come to an agreement, and as Span'b Uoul>loong.l5 55 ®15 70 Penivianaols
Mez. Diiubluons..lS
English silver.... 4 77 9 4
the Stock Exchange.
good deal
of
—
inland navigation has
now closed,
it
hardly seems probable that
the dressed-mcat controversy on the trunk lines will lead to any
serious butchering of rates.
The Reading
fiscal
year closed Nov. 30, and a Philadelphia
when made
up as probably $12,500,000.
The Denver & Rio Grande has apparently pursued a wise
course in declaring a semi-annual dividend on the preferred
stock of IJ per cent cash and 1 J per cent in 5 per cent scrip
this scrip is redeemable in cash at the company's option, and
simply gives the preferred stock a claim for that amount earned
be paid in preference to any future dividend on the
common stock. The precedent is not a bad one.
Among the railroads yet in default the Wabash scheme promises well for a speedy settlement, and it is now reported that
in 1887, to
&
Texas Central parties have also agreed upon a
basis of adjustment and that a plan will be issued next week.
From recent sales the following list of approximate prices of
exchange memberships is made up for the Chronicle:
N. Y. Stock Exchange, |20,000; N. Y. Consolidated Stock
and Petroleum, |1,075; N. Y. Produce, $1,750; N. Y Cotton,
$1,400; N. Y. Coflfee, $650 Real Estate Exchange and Auction
Room, $1,060; Boston Stock, $16,000; Philadelphia Stock,
$3,500; Chicago Board of Trade, $1,750.
The open market rates for call loans during the week on
stock and bond collaterals have ranged from 2 to 7 per cent,
;
5@6 per cent. To-day
Prime commercial paper is
the usual rates to stockbrokers being
the rates were
4@5
quoted at
percent.
6@6J
The Bank
.
•
authority places the actual net earnings of that year
the Houston
Fine (told bars
Fine silver bars.
Dimes & ^s dimes.
per cent.
Wow
.
—
55 -alS 65
par ®^p^em.iU.
95 '31
96 U.
— 99>9'a>
8. trade dollars'—
S. silver dollars
73
a
8S
—99%« 100
par.
demonetized.
United States Bonds.— Government bonds have shown a
though on the whole this market conThe prices for the 4s and 4-18
tinues dull and uninteresting.
have been weak and tending downward, while the bids for the
6s advanced until Thursday, when thej were quoted ex interest.
The closing prices at the N. Y. Board have been as follows:
little activity at times,
Intereet] Hot.
Period*
4i«8, 1891
4i«8. 1891
4s, 1907
4s, 1907
reg
oonp.
reg,
coup.
reg
26.
,-Mar. *107ia
.-Mar.
OS's
.-Jan. I'laeSfl!
*12ti38
n
6(>,
cur'cy,'95
68,
68,
6e,
68,
cur'cy,'9'5
cur'cy, '97
oui'cy, '98
rex
reg
'123 >«
•125i«
reg.
12714
our'cy,'99
reg
>129't
' Tills Is
'121H,;
the price bid at the morning board
;
no toUe was mjide.
—
State and Railroad Bonds. In State bonds quite a large
number of issues have been dealt in, though no class has shown
any special activity and prices do not fluctuate to any extent.
Railroad bonds have been rather quiet, the demand having
been less urgent than of late, and prices have been easy in tone.
Some weakness has been noticeable in certain bonds, notably
some of the lower-priced classes, though no general or important decline has occurred, and not a few remain firm. Missouri
Kansas & Texas gen. 5s and 6s have shown some activity at
times, though in general the business has been well distributed
and no other special activity has been noticed. Taken as a
whole, fluctuations have not been wide, and the changes for
the week, in most cases, are not important.
England weekly statement on Thursday showed
Railroad and Miscellaneous Stocks.— The stock market has
a gain in specie of £77,000, and the percentage of reserve to been rather weaker, and prices have been tending downward
during most of the week. The selling movement nas not been
liabilities was 48'04, against 48'23 last week; the discount
specially active and no violent bear raid or severe depression
rate remains unchanged at 4 per cent. The Bank of Prance los t
has occurred, but the general tone has been easier and comof
8,225,000 francs in gold and gained 675,000 francs in silver.
The
New York
Clearing House banks in their statement o*
Nov. 26 showed a decrease in surplus reserve of $823,600
the total surplus being $6,664,400, against $7,488,000 the pre
vious week.
The following table shows the changes from the previous
Tfeek and a comparison with the two preceding years in the
•verages of the New York Clearing House banks
1887.
2 a.
.Yo».
Loans and
dlgo'ta
Bpeolc
Circulation
Net dopoHlte
I^gal tenders
Legal reaerve
Eeserve held
Surplus
Diffr'ne'e fr'm
1886.
Prev. Week.
-Vor. 27.
1885.
Nov. 28.
S
S
$
353,277,000 Tno 1,109,200 344..54S,i,000 341 .387,000
7c,00(>,100 Dec 1,704.700 79,5541,000 93, .^79,<00
7.9StI 700
10,,0-<5..')00
l,i>00!
8,0a7.<>u0 Inc.
351.691.200iDec, 2,082,8001 ;<ri.5,70 .800 382 400.900
2-<
611,2o0
1,700
24.5Sl,100Inc, S60.40O 18,240,
r.
9.1 000.225
87.922,800 Deo. 520.710 8«,92e,9.'50
.1,344,300 97,794,700 122 193,500
6,664,400,Dec.
823,600;
8.867.760
26.593,'275
paratively little opposition has been offered to the yielding in
has been of moderate proportions and is again
Some
said to be mainly the operations of the room traders.
of the principal operators on the Stock Exchange have again
renewed their bearish tendencies, and have given whatever
help they could to assist the decline in stocks by making the
most of a few unfavorable rumors and reports.
The principal influences working against prices have been a
slight hardening in money and fears of further stringency, the
trouble between the Vanderbilt roads and the Grand Trunk about
dressed-becf rates, and the selling at certain times from London
and Chicago. The first of these influences is regarded as the
most important, though it is more so on account of the fears
for the future than any real stringency at present, rates not
having gone higher than 7 per cent during the week. Other
influences have affected particular stocks at times, though
without any general significance.
To-day, Friday, the market was stronger, and prices recovered somewhat till near the close, which was dull and irprices. Business
regular.
—
.
.
...
.
THE CHRONICLE.
730
STOCKS-PRICES AT
[Voi.
STOCK EXCHANGE FOR WEEK ENDING DEC.
N. ¥.
2,
AND SINCE
HIGHEST Ajn> LOWEST PRICES.
STOCKS.
RK.
Active
Atlantlo
Saturday.
Not. 26.
Stocks.
A Pacitio
•Oknadlan Paoitio
Canada Southern
Oentralof New Jersey
Oentral Padflo
Cbeaapeake
11
11
54
54
t8
57>a
7612
34
4
-
& Oliio
Nov. 28.
lO^a
75
•3313
4
7I9
515
e^s
418
128% 129>a
76% 77 14
I2713
75 18
11316 I13i<. 113
Do
Ohloa«;o & NortUwestem ..... 11038 lll>4 109%
pref
141% I42I3 1411a
Do
Chicago Rook Island &Paoiflc. II4I3 lUlfi II313
14I3 141a *14i4
Pittsburd
Chicago St. Louis <fe
4OI3
42
pref. '41
Do
39
40
Om
401a
OhloaKO St. Paul Mln. &.
IO7I2
pref. '1071a 109
Do
*53
5:iia
53
•OlevelandCol.Cln.&Indlanap.
25I3
27
'Columbus Hocking Val.&Tol.
Delaware Lackawanna&Wes' 133 I3312 131=8
22%
24
Denver & Rio G., asseesm't pd '22
67
571a
pref.
57
Do
11
Ills
11
£afBt Tennessee Va. & Ga. R'y
pret.
.
Do
Do
65
65
24
91 92
*48»8 48 '8
Ist pref.
23^8
2d pref
Bvansvllle * Terre Haute
Fort Worths DenverClty...
Green Bay Winoua A
St.Paul.
Dllnole Central
Tnd. Bloom. & West. a«8. pd
117
15
'33
.
,
Pembroke
Lake £rie& Western
Kingston
<se
Do
16
do
4«i4
9538
*&li2
6lia
•38
pref.
& Mich. Southern.
Sjong Island
Louisville & Nashville
lAke Shore
liOUlB.
New
Alb.
Chicago...
(fc
HauhattHn Elevated, consol.. 102
Memphis & Charleston
Michigan Central
UlL Lake Shore & West
Do
891a
pref.
Minneapolis
Do
&
St.
Louis
pref.
*22ifl
ATexaa
Missouri Kansas
Missouri Pacttlo
19
9m
11
53% 53%
551a 57%
4
'6^
l8t pref
Do
2d pref
Do
'Oliloago Barllnjrton & Qiiiney
OblcaKO Milwaukee & St.Paul
77%
34
Monday,
65
24
90
77
34
4
7
416
Tuesday,
Nov. 29.
10% 10%
*53
541a
55% 56%
74% 76
321a 33I2
4
4
6I3
41a
5
113
110%
1421a
115
108
11
24
I9I3
151a
401a
40
91%
10=8 10%
54% 54%
55% 56
74
75%
32
32%
14
39
3878
53
26
51%
39%
ol'e
241a 24%
133=8 13118 13218
2314
22%
57=8
561a
llifl
10% 11
63ie 6316
65
2414
23
23%
90
88>a
891a 92
86
108
9%
9%
221a
19i«
911a
88
85
IO5I4
9%
20
7614
32 14 33%
4
4
7%
714
5
Y. Chlo. ASt.L.,
I8I3
721s
new...
Do
1st pref
Do
2d pref.
Vew York Lake Erie & West'ii
Do
pref.
Hew York <t New England.
New Yiirk Ontario A West...
New YorkSusq.
Do
<St
&,
73
71
401a
16
*15ifl
42
iref.
tlorthem Paclflo
67
16
31
pref
29%
39%
9%
Western..
Western
Do
18
411a
29=8
*66ia
..
Vortolk
1858
»23is
9%
31
161a
421a
24
pref,
47 »9
48I4
Ohio <& Mississippi
Oregon (jtXranrt-Continental.,
•2414
21I4
24%
Do
,
Peona Decatur
<fe Kvansville
Philadelphia & Reading
Blcbm'd & WestP'ntTeruilnal
Do
21ifl
70
271a
6218
*87
•36
pre)
fiomeWatertownii- Ogdensb'g
Si. x»ul8 & San Francisco.
Do
Do
21=8
211a
701a
2818
6216
90
37
29
65
1818
7214
4119
88
85=8
29%
15%
661a
39'e
1618
914
301a
30%
38I4
•15
42
22%
46I4
2314
2OI4
201a
68%
25=8
6II3
912
17
42%
22'8
48
24=8
21=8
2lia
7OI4
27=8
62=8
70
40
39
914I
24
22%
4578
23
20
105 14
41
9014
21
68
69%
2.i79
27
*140
110
American
United States
Wells, Fargo & Co
inactive Stocks.
<fe
AUou
4
Cincinnati Wash.
Do
66% 66%
&
& Baltimore.
St, l.oule,
pref
140
137
74
414
«ia
151a
26
26
18
21
9%
...
9%
'6=8
7
2878
•t. IX)ulB Alt.
38 7e
& Terre Haute.
Ark. & Texas
South Carolina
39
10% 10%
87%
Whltebroust Fuel Co
87%
OolumiiuB & Hocking Coal...
31%
New Central Coal
14%
Tennessee Coal <fe Trcn
30
Tarlons *n,..-i,,, ac. (Unl Uted.)
Amer. Cotton Oil Trust.
31%
piPe Une Certificates.
74%
,
i
I
*
051a
*135
2878
.
145
108
129
_Klohmond & AUeghanr
Louis
90
107%
26%
56%
17%
32%
47
63
10514
41%
8978
75%
33
4
7
5
41
39
39=8
•107% 108%
52% 53%
62% 62% 62
23
23% 23
63
23% 23%
88%
48%
9
88%
48%
91
4878
10
•9
116% 116% 115
14
32
15%
14
14
32
16
29i«'
15
44=8
9278
•90
15% 45%
93^8
•90
60
38
95
92
37
45
99%
99% 100%
87% 88
87
105
9
86
107
9
•20
24
85%
91
487e
10
117
14
29%
15
45%
91%
92
59% 60%
61%
45
101
88%
84% 84%
108
•8%
20
17% 18%
89% 90%
9%
24
17=8
88=8
9%
18%
89%
12
76% 76%
107 107%
17% 17% 16% 17
68
68
41
878
9
116% 11678
13%
•29
22% 22=8
45% 4679
23% 24
20% 2078
15
31
15% 15=6
45% 45%
9373
94=6
92
92
60% 61%
•35
3%
6
15
145
110
142% 142%
108
110
'140
110
93
135
135
4%
6%
16%
73
4
5%
•15
93
140
75
4
6%
16%
214
30
"25" 25
19% 19%
9%
9%
6=8
6=p
28% 28%
•38
15%
9%
9%
6%
•5%
•28
7%
29%
93=8
•70
•3%
5%
15
28
25
18
9%
6
29%
39% 37
•5
39
•35
1578
117g
10%
77
77
107=8
18
108%
18
70
38
29%
38=8
16=6
9
39%
38
39
1576
16%
9
9
16=8
9%
29% 30
14% 16
4178 42%
22% 23
46% 47%
103
9%
2,010
311
3,151
4%
1,750
4,225
64,595
1;8
41,165
4"727
13
39%
89
85
978 Oct.
95
68%
68
350 38
53,287
1.450
29.036
2,246
1,936
1,800
ft-J5
7,046
29%
29
6%
30
10
39
26
9%
6%
9%
7%
30
32%
•5
10
39
35
9%
31% 31% 31
31%
73% 74%' 74% 747g
These 1 re the prices bid and asked; no aale waa made at the Board.
6
25
18
9=8
15
29=6
28% 29%
13
28
15
29
30=8
3078
73% 75%
t
142% 142%
109 110
65
130
67
70
76
14
16%
27% 28
24% 24%
7%
32
5
8%
33%
10
7%
24%
13
34%
96%
35 139%
18 106
67h 62
299 120
61
Apr. 29
98% June
99% May
70% Apr.
67% June
30
14
14
11
16178 Apr. 20
64% Ajir.
95% May
94% May
119 May
20% Apr.
48% May
34% Apr.
11112 May
15 19% Jan.
14 88% Jan.
14^114=8 May
li 20% Nov.
Oct.
Oct.
Nov.
Nov.
May
Mar.
20% Jan.
Sept.
14
Set.t.
38% Feb.
23% Jan.
5579 May
Oct.
Oct.
Oct.
Oct.
Oct.
Oct.
Sept.
Feb.
34=9 July
63% May
32% Apr.
35=8 Apr.
Feti.
39% May
71% Nov.
Sept,
Sept.
Oct.
95
53
Jan.
87% Jan.
Jan.
June 2
June 20
Oct.
Oct.
120
95
Aug.
114% May 23
Oct.
12078
May
35% May
63% Mav
22% May
38% May
27
23
18
6
18
63=6 Apr. 18
Feb.
Oct.
Feb.
Feb.
Sept.
Sept. 20
Sept. 20
Sept. 21
Aug. 26
53% May 19
89 Mav 19
106% Nov. 25
54% May 31
Oct. 13 105% May 19
Sept. 21 58% Apr. 7
Feb. 8
Sept. 20 115
9 159%
May 23
8178 Nov. 17
4 152 Aug. 5
20 118% May 14
Feb. 17 76 Aug. 31
June 6
Sept. 20 137
Jan.
Sept.
Oct.
Oct.
35
3
lojot.aio
Kz-dlvldend and privilege.
23%
Jan. 10
May
14
Jan.
Sept.
25
21% Sept.
54
8%
11% Feb. 18
45% June 6
7 8ept.
600 8'v%Nov.
Oct.
4,410] 22
200
9 Aue.
8,260
15
3
1(1% Nov. 19
4% Oct.
2,710
6
16
19
13
14
3
9
3
Nov
2,601
10
5
19
18
18
2
31
9
19
8
3
19
18
17
22
12
23
29
3
14
14
3
16
18
19
4
7
25
16
17
17
17
26
44% Mav
84% May 26
Jan.
Feb.
2,741
4,425
23 J
50
75% 76%
27% Apr. 1
47% Apr. 21
24% May 16
90%
10
31%
17
138
130
66
3
878
3
9
7
Apr. 7
May 28
Oct. 17 11878 June
May
Oct. 27 155
Aug. 31 104 Feb.
7 Jan.
Sept. 191
4%83pt. 19 10% Jan.
12% Aug. 5! 23% Jan.
200 Oct; 25 2'-'5 Feb.
O.t 31 45 Jan.
1.0 30 20
31% July
56 24% Dec.
25(1 12
Nov. 10 31 Jan.
460
50
100
300
280
110
100
3
62% May
67% June 24
10
31
100
Nov. 30' 77
Dec.
42
tl36 Nov.
40
15
29
Jan.
Jan.
Apr.
76
66
38
"13
'28
32
14=8 Oct.
200
2
200 30
87% 87%
29% 29%
17
82% Jan. 13
59
34%
79%
32%
89%
l,.'=4.i
Apr. 11
35=6 Apr
34
91,625
Apr. 22
24% Oct.
950 20
28,140
Oct.
22
68
Oct. 14
uct. 14|
1
101% Oct.
16% Dec.
May 17
39% Jan. 11
139% June 1
32% Apr. 14
68% June 4
Sept.
Oct.
Oct.
Sept.
Oct.
Sept.
57
7
14078
52% Apr. 22
54% May 17
118% J4ine 7
Jan.
1,545
88
127=8 June
Jan.
1,700
9,161
1,075
May 17
May 18
153% June 7
18%
8%
8
Jan. 13
Jan. 20
127% May 17
98
3,4!-0
102%
156
95
45 Oct.
80 Aug.
760 66% Jan.
87
4%
16%
30% 31%
7278 74%
29%
'3%
11%
51%
30%
93% Aug.
46% 47
135
I
9% Jan.
17
200
200 21% Feb.
100
7% Sept.
393 114 Oct.
300 12 Sept.
300 '.8% Oct.
30
67
93
6%'
6
'14
15
87% 87%
29% 29%
•13
93
145
110
68
|"135
75
31%
71%
31
14
•64
Oct.
Oct.
Oct.
4.7% Oct.
15 Sept.
123% Oct.
20% Oct.
5278 Oct.
9% Oct.
52 Sept.
18 Oct.
80 Sept.
5,075
l,a72
9,912
102=8
1887,
15% June 13
68% Jan. 13
64=8 May 19
86% Apr. 13
43% Apr. 12
Nov.
Nov.
Nov.
18%
17 Nov.
89% S0% 42,520 84% Nov.
28=8
120
93=8
28% 29%
15%
29
14
200 35
34
100
10,460
15
12,480
38
108%
131
3U%
33
2
4
l,8.'-)0
3
2,852 12S76
230,013 69=6
722
664
605
70
•140
145
110
10
10%
87% 87%
30
32%
14% 14%
29
30%
•9%...
723 28%
9
28=8
43% 46%
87% 88
38
39%
67% 67%
8
1478
9% Oct.
l,7r
•20
18
1,
Highest
610 49% Sept.
1,670
88
86
106% 108
37%
36% 37% 37
72
72% •71% 73
43% 44%
88% 83%
38% 40
130
92^8
Lowest.
15,436 41%
24=8 24=8
3,100 21
20% 2078 23,270 16
20
20
20
20% 1,560 17%
20=8 20%
68% 69% 67% 68% 68=8 69% 387,205 34
25% 26% 25% 2376 104,580 20%
26% i!7
l,3u5 43
60
61% 62
60
•86
321 75
87 90
90
87
87
•33
•35
36
1,250
36%
36
36
30
72% 72% 72% 3,005 61%
72% 72% 72
395 107
113 113
112 114%
113 113
63% 65 63% 65
530 55
64
64
10 99
103 105
104% 104% 103 105
2,100 94%
106% 106% 106% 106% 106 107
16,l"5
25%
26
25%
20
25% 26%
57% 122.542 44
55% 56=6 54% 5578 56
•17% 17% 17
17
17
17% 1,385 13%
3,460 23%
30
31
31% 32
31=8 31=8
43% 3,400 35
45% 47% 43% 45% 43
6713
67% 67%
130
1291a 130
137
74
1.190
88
86
70
41
103=8 10.^% Xl02
since Jan.
20,566 49 July
12,060 55% Jan.
45
100% 100%
28
29%
14%
41%
22%
46%
23=6 24%
19% 20%
15
15
41=8 42
23%
68
29%
14%
40%
22%
45%
30% 30%
63
-88% 91
•48% 487e
65% 65%
36% 3779 37% 3V'e
74% 74% x72% 72%
105
40
89
4
7
5
Shares
639
24% 24%
130=8 131=8 165,866
130% 132% 129% 131
•22
500
22% 21% 21% 21
.i5%
55
53% 56% 54% 55% 5,520
10%
10=6
11
2,065
10%
10% 10%
214
<Julok«llver Mining C'o
I>o
pref.,
Bt.
89
131
•4
•6
151s
liine
I»ullman Pal. Csr Rights.
104=6 106
401a 41
P278
t.ref.
Oregon Short
74% 76
•128
Chic
Denv. & Rio Grande Western
Harlem
Houston & Tex.is Central ...
Omaha &
145
110
Santa Fe.
Cinoin. Ind. St. Louis
38I4
114%
65
105
32%
37=8 38=8
39
39% 39%
37% 39
94 .... •94
*94% 97
94 ...
n39 140 138% 139 138% 138% 137% 139 138% 138% 139% 139%
79
79% 78I4 79% 78
78%
79
78% 7878 77% 78% 78
Express Stocks.
Adams
Atchison T('petia
3714
72=8
38
Pullman Palace Car Co
Western Jnlon Telegraph
Chicago
411a
9014
46%
23%
20%
61% 61%
90
88% 88% 87
3513 36%
36
36
nUMcellaueoiia Stocks.
loss's
23
20%
72.'i8
73
73% 7218 73
112 115 112%
113 113
64 14 64 14
Bt. Paul & Duluth
63% 64
65
Do
lOlia 105 •1021a 105 103
pref
•Bt. Paul Minneap. <& Manitoba 1081a 108 la 1071a 108
106%
Texas A Faoltic, ass. x>aid
2578 26%
26=8 2714
25%
Dnion Pacific
56'8 5.58
55% 57I4 54%
Wab. St. L. & P.,P. Com. repts
17
17% 17%
17% 18
31I4 31%
Do
31=8 32
31%
pref.
Wheeling & Lake Erie
48 '8 47% 48=8 46
48
38% 38%
75% 76
9
10=8
56=8
1887.
Week,
24% 24%
40
30% 30%
16% 16%
41% 4178
10=8
56
75
53% 55%
Range
1.
128%
Oct.
75%
Oct.
112%
580 110 Oct.
111% 76,287 104% Oct.
141
315 137% Oct
142
141
2,020 109 Nov.
112% 113% 113%
64 12% Sept.
14
107 108
107% 108
52=8 53%
52% 53
29% '28% 29%
65
63% 65% 66
38% 39% 38% 39%
16%
16% 16% 16
pref
Ist pre!
Colorailo Coal & Iron
Oonsolidatfd Gas Co
Delaware & Hudson Canal...
Oregon iiui^rovenient Co
Oregon Railway A Nav. Co...
Pacfflo Mail
Phllatielpnia Co., Nat. Gas
18
70%!
Friday,
Deo. 2.
128% •127%
75
74%
112% 112%
11078 110%
38% 39%
39%
2878
9
6%
5%
140
105% lu6
17% 18%
89% 90%
•17
6%
127%
73%
112%
110% 109%
10
10
10
12
MobUe&Ohio
12
'9H....
76% 78
78
79
Kashv. Chattanooga&St. Louis 78i« 79
Hew York Ceutral & Hudson 1081a 108»8 10713 1081a 107% 10778 107% 108
Kew
4
•4%
5
I28I4
75=8
113
1.
4
112
II3I8 II3I4 114
11
151a 14% 15%
4014 40% •39
41
1081a 107 14 1071a
22ifl
171a
891a
10% 10%
53% 53%
56%
56
76
142
4314
88
86
108
Dec.
11278 112^8 112
108''8 109% 109=8
139
113
Sales
of the
Thursday,
,
Nov. 30.
127%
128% 127% 128
7714
74% 75% 74%
48=8 4818 4373
9
9
91a 10
1151* II5I4 115 117
117
16
*I4ia I5ia 14
15
•32
*32
34
34
34
1518 l.i's
16
151s 151a
45 19 4578
4.1%
46% 45
94% 951a 9116 94%
95Ba
91
91
93
921a 921a
6118
60
efg 60 14 62
35 45
*38
45
45
lOui* lOOifl lOOia 101
102
89%
Wednesday
JAN.
XLV.
Oct. 11
July 2s
Vi
Feb.
17 Jan.
87=6 NiiV.
50 Apr.
18 Jan.
54% Jan.
21
27
11
14
64%.Tan.
3
7
75=8 Nov. 17
..
..
Dkckkbbb 8,
THE CBRONICLEL
169r«]
BONDS-LATEST PKICES OV ACriTE BQMD3 AT
OUuing,
Saitromd Bondt.
Dte.
Atl.
A Phc.— W. D. Inc., 6*, 1910
Guar., 4«, 1937
•--•
ftoiitli.— l»l icuar., ba, 1908
•
Zd.iSr.. 11)13
let, 7b, '91', ooiip. ofl
0»D.
'i
Centralof N. J.-lst,
7b,
82>3b.
1800.. 107 b.
1I2>«
OoU«Ol.78, IBDi'.BHIMTlt... ..
Couvei-1. 7r, 190a, aaseut
Adjiuit. 7«. IStoS
Convert, rtpt". 6», 1908
Interim boiul certitlcate.. ..
I«l). X \V.B.,cou.7b, l»«i9,M'nt
at Imp.. S8, 1921. ..
Aiu.
Central Paolflc—gold 6». 1898..
San J>ia<iulii Br. 68,1900...
Dwk
Land
Cbes.
KTiiiit «8.
ISHO
W.— 5-6«, 1911 ..
Nor.-lBt. 58, 1926
AtJ.— Del>. 5«, 1913.
Denver 1)1v1h.,4h, 1922
Cl>*». O.
A
ChlcBur.
Cilo.
A
8o.
*
Ind. Coal K., l8t, S8, '36
Cli.Mll.A-
ltO\
102
8S''g
IB
Si
105
102
a.
a.
b.
loss's
99
a.
b.
12ft>9b.
1905
80. Mln. Div.— 68,1910... 112 b.
Chi. A rac.W.IMv— 58, '21 H1314
Jan.
June
OS's
Jnii.
94
May
108 1»
:iC
100
Hept. 116
Juno
105
115
Mar.
June
N.Y.Clilc.ASt.L.— lit, 6i, 1921..
81
Jan.
Nov.
June
Fob.
1064 May
113»sKeb. 118\Mnr.
Ill's Feb. lie June
Jan.
100 July
a 10718 Nov.
66 B>pt.
65
62 Oct.
1511
14 Nov.
89 a. 89 Not.
103 b. 101 Feb.
102 b, 101 Oct.
lOS'ab. 102^ Nov.
9313
92 Got.
991s
94 Sept.
117isb. 117
Oct.
125 b. ;i24 Nov.
114 b. illll4 0ct.
107
lO.-iis
|102>BOot.
75 14 Jan.
32 Jan.
100 Fib.
1081s June
107 «s Mar.
108«s Apr.
99 Jan.
103>aJiine
12218 Jan.
130\ June
1191s June
109 Jan.
Oct. 108
Wte. AMin. Dlv.-5», 1921... 102 >«a. lOlia UOO
May
101 »»b. 101 b. ilOl Oct. I05\ Hay
Temilnal 58, 1914
Nov. !l42 Jan.
CtlO. * N. W.— Consol. 7«, 1915 13s>sb. 137 b. 136
124 b. 12814b. ,127 Sept. '133 Jan.
Gold, 78, 1902
|117
May '1201s Sept.
Blnklng fund 68, 1929
ib'-riab. ib7"b', 1051a Nov. {no's Mar.
Blnldngfund 5b, 1!<29
107
1106 Nov. 110^ Mar.
BinUngfund debent. 58, 1933 107
103 %». lu3\a. 10',; la Nov. jl09»4Apr.
aft-j-ear debent. 58, 1909
1 28 \ Sept. 136
Jan.
CLl. K. I. A Pac.— 68, coup. 1917. 132 b. 13J
low's
1081s
107 July no's Feb.
Exten. A <ol. 5b, 1934
Cb. St.P. .M.& O.— CouBol. 68. '30 117>4b. 119 b. 'lie Sept. 124''e May
iKt. 68. 1919 123^0. 12314b, 122
Oct. 1271s Ji.n.
8t. Paul A S.
Ch.8t.L.A Pitts.— Ist.cou. 5b,'32 100 b. lOU b. 98\ Jan. 102 Feb.
10416 Oct. I 1 la May
C. C. C. A Ind.— Gen. ts, 1934 .. 106 b.
"98 'b' 95 Oct. 10431 June
Col. Coal A Iron-lBt, 68, 1900.. 99 b.
60 Sept. 88''e Jan.
Col. H. Val. A Tol.— Con. 58, '31 70<S8b. 721s
91 Jan.
Gen. gold, 6b, 1004
631a Oot.
Denver A Klo Or.— l8t,78, 1900 Il7>sb. 117isb. lie's Feb. 1211a June
78
78 b, 7518 Oct.
82% June
l8t con. 4b, 1936
73
76 b. 70 Sept. 82 Apr.
Ben. A R. Ur. W.- lat, 68, 1911
68
691a
64 Sept. 78 Jan.
Aaeeiited
Den. So. Pk. & Pac— l8t, 7a, 'O.'i 75 b. 77isb. 68 Apr.
86\ June
3bisb. 29
Sept. 56
Det.Mac.AM.— Ld.gr.3ii>8,1911 31
May
951*
£.'ren.V.A G. Ry.— Cou..5«, '5(i 95 >9
91's Sept. loiss Apr.
95 Sept. 108 Jan.
BUz. Lex. A B. Haudy— ti8, 1902.
132 b. 129 Beit. 137 June
Erie- Ist. consol. gold, 78, 1920 133
115 a. 112 Oct. 115 Mar.
Long Dock, 78, 1893
112 'j. 115 Jan. 120 Mar.
Cou. 68,1935
101
K.Y.L.E.AW— 2dcou. 68, 1W69
93!it Feb. 104 Tg May
Funded coupon, 58. 19i>9. ..
HiH Oct. 95 14 May
84
78 Sept. OS's M.iy
Ft. W. ADcnv.C. -iBt, 6», 1921 7;.%
GaJ.Har.ASan.Aut.-lfct, 68,'10 107 a. lOOisb. 105 Oct. 109% Nov.
107 a.
106 June 111 Jau.
2dM., 7^, 1905
93isa. 91i4 0ct. l<)Oi« Jan.
We8t. Division— let, 68, 1931.
92 ig Jan.
9214 Feb.
2d,€B,1931
Qr-uB. W. ASt.P.- lBt,68, 1911 99 b. 09isb. 97 Oct. 109 May
35 b. 28 Oct.
33><i
2d Income 88. 1911
63 May
Gulf Col. A San.Fe— let,7e, 1909 I'.O b. 120 b. 118 Aug. 125% June
97 a. 95 b. 97 Oct. 106% June
Gold, 68, 1923
Henderson Br.C'o.— let. 68. 1931 108 b. 111814b. loo's Mar. 110 Feb.
1J6
let M.
7e
1151s
112 Sept. 119%.M«y
H. A Tex.
116 a. lli>%b. 108 Mar. 1191a May
lBt,West.D., 78,1891
1151*8. 115 b. 113
l8t,WacoAN.78,1903
Feb. 119% May
107 b. 106 b. 94 Feb. 112 May
2d. couROI. M. L. 88, 1912
65 b. 70
Gen. mort. 6s, 1921
56 Oct.
79% May
Ind.Bl. AW.— l8t,pref.,78, 1900 110 b. 110 b. no's Jan. 124 "4 Feb.
90
91 b. 86 Aug. 99 May
let, 5-68, 1909
75
2d, 5-68,1909
75 b. 70 Sept. 891a June
Eastern Division- 6b, 1921. .. 89 b. 90 !«
88 Sei>t. 98i3May
21
21
Income, 6s, 1921
34'8 Apr.
191a Oct.
108 b. 108 Nov. 122 M^r.
Int. A Gt.Nor.— let, 68,gold,'19 108
Coupon, 68, 1909
79 b. 81
Nov.
98
Feb.
771s
Kent. Centr.— Gold 48, 1987
7314a. 72 b. 64
Jan.
78 Jidy
KnoxT. AO.— let, 6s, gold, 1925 91 b. 90 b. 89's Oct. 100 Jau.
LBke8h.—Con.coup.,lBt, 78,1900 126 b. 125i8b. 124 Aug 129 June
120 b. 123 b. 122 Oct. 1261s May
Con. coup., 2d, 7», 1903
llsisb. lloiab. '1201% May 125
Long Island- 1st, 78, 1898
Sept.
110 b. ll'J^a. 1121s July 115 Feb.
let, consol., 58, 1931
Lou. A Nash.- Coneol., 78, 1898 118 b. 118 b. 118 Apr. 1211a Feb.
H. O. A Mobile— let, 6e, 1930. 109>«b. 109 isb, 105 Jan. II314 June
2d, 68, 1930
90 b. 95 b. OO^aJan.
991a May
E. H. A N.— let, 6s, 1919
ll.^ b. 112
July 117»8May
General, 6e, 1930
111 b. 107 Jan. 1141a May
Trust Horde, 68, 1922
loo's
108 b. 1041s Jan. 109 May
10-40,68, 1924
100 b.
98 Jan. 103 Apr.
Lou.N. A. ACb.-lst, 68, 1910:
113 a. 109 Jan. 1151a May
Consol.. gold, ts, 1916
92 b. 93
90 Sept. 99 June
Hem. A Cli'letun— 6e,gold, 1924 103
102 b. 100 Aug. 107 May
Metro. JBIevated.- let, 68, 1908. 117
no's 113 Sept. 1201s May
2d, 68, 1899
Apr.
Sept. lis
106>sa. 106 lab. 106
Mexican Cent.— New aBB. 4e....
Feb.
75% June
SI
lurumes. 38, 1911
15 b. 22'aa. 191s Sept. S7% June
Mich. Cenual— let, con., 78, '02 1^4 b, 124 b. 124 Nov. 131 Apr.
Mlt^'ri Pac— let, cons., 68,1920 10.) Is
lOHSsb. lOHisNciv. 119
Apr.
8d,78, 1906
116 b. 116 b. 115 Nov. 126 Apr.
Pac. of Mo.— let, 6b, 1888
lOlTub. IOOI4 Aug. 106 Jan.
102
2d mort., 7h, 1891
103 b. lOSia July no's June
1
C—
)
C—
U
indloatee prloe btd.and
1887,
a" prioe atleed;
all
M<»Am(.
2d mort.,
117% Nor. 133
Oct.
114
130
70
Jaa.
Jan-
70%
I(ii% Apr.
66
A IT.
.I..n.
Apr.
Miiy ,108
•pi.
Oct.
03% Mai.
09
Mar.
B«pt. 131
Apr.
Aug.
Aug. 107% Apr
1
:o«
Mitr. 11101%
127% Oct
1928
68,
'
.^ov
130% Hept. 137% Nut.
b.
b.
b.
108
130
'I'it
Aug. 133
Nov.
90
I08T,
lOA^b. 104
47 "aa.! 40
••4%
S3
12m b. 126
lO.Hb. 103
13'>
Jan.
103
86
70
I
1
75
N. O. Pttcinc— let, 6b, 1920
North. Parillc—l8t,coup.,ft», '21
Gen'l, 2d, coup., 1933
James U. Val. -let, 6h, 1936..
N. Pac.Ter.Co.— l8t. 6», 1933...
Ohio A Miss.—Consol., 7s, 1898.
2d, consol., 78, 1911
b.
10;^ 'sb.
DIv.—7b,1905 ....
OlifoSouthem- 1st, 68, 1921. .. 102
b.
b.
33
2d, Inc., 68, 1921
Inipr.
110
112
110
114
b.
111%
107%
1>.
b. lO.'i
b. 36
a.
b 102
31
89
u.]
98%
94%
Co.— Ist, 68, 1910
Apr.
Jan.
Apr.
Jan.
Feb.
t^
May
11»%
lOO^B
102
116
112
ia?
May
60% Hept. 86% !^'
Sept. 118% Apr.
90% Oct. 107% Mar.
106% Jan. 111 May
100 July 107% Job*
117
8niiiJi.'tlcld
Oregon
77%
b.
11014
100^8
Juaa
Ii3a%
Jan. '101%
Jan.
09
r.4 a. 00 b
N.Y. City A No.-Gen., Be, 1910
68 Sept. RO
N.Y. Elevated-lBt. 7s, 1006.... 118isb. ll8>i:b. 116'> Sept. 123
N. Y. Ijjck. A W.-lst, 6e, 1921. 127 b. 120 b.
Oct. 1128%
1 08
Oonstruclion, 6«, 1923
a. 106
Sept. 1 10
N. Y. Ont. A W.-let. 6h. 1914..
108 b. 106 tent IlOOi
N.Y.Bus.AW.- Deb.,8e,'97,op.ofl
69 Feb.
77
"90"
'b. 87
1 Kt refiinmng, 68,
91 b.
1937
Oct.
96%
Midland of N. J.— let, 68. 1910 110i« 110%
107 Aug. 116%
0(t. 123
Oct. 119
Oct. 112%
Feb. 111%
Sept.
60%
Sept. 102''e
1112
Jan.
Apr,
Jan.
Apr.
tffj
May
Ore. R.ANav.Co.— Ist, 68,1909
Con8ol.,6B, 1925
Oregon A Transoon.—6b, 1922..
null
Peo.Deo.
112%a. 109
106 «4 Oct. 112 Feb.
"66 "h. 55% Oct.
77 Apr
Ill b.
109 Sept. 115 Junft
106 Feb. 114
116 b. 116%b. 114 Feb. 120 Me?'.
114 a. 114 b. 108 Jan. 117
106 b.; 109 b 107% Nov. 112%
10214
102%
9i Oct. 104% Mas.:
97'sb. 9S%
92 Oct. 108% Apr.
45 b.l 45 b. 66 July 75 Apr.
114 b. 113 b 113 Aug. 116 June
108 D. 110 a. 107 Sept. 1129t Jan»
103 a. 103 Nov. 108 Jan. ::
42
33 Oct.
48 JUD*
9818
97 b. 95% Sept. 102% Apr
43 b. 44%
3d Sept. 56% Jan.
109 b. 09 1). 107 Sept. 116 Jan.
110
109 b. 10p''8 Dec. 114% Mar.
9Ji4b. 93
89% Oct. 99 Jan.
113
113
109 Hept 115% Jan.
113 b. 113
110% Nov. 1117 Apr.
113 b lliifl 110% Nov. 1117% Apr.
115 a. H3%b. 108% Feb. 116 May
101 14b. I00%b. 97% Sept. 101% June
10268 10.;% IbO July 104% Jan.
111 b. 110% Jan. 118 Apr.
115 b. 1.5% 112% Oct. 1121 Mar.
117 a. 116%b. 114% Sept. il20% May
97 %b. 97%b. 98 Feb. 101% May
91%b 95 b. 92% Nov. 109 May
40 a.
32 hept. 55 May
95%b. 95
95 Oct. 107% Jan.
70 a. 68
65 May
80 Jan.
10
14 %b. 13 Sept. 28% Jan.
110
It9%b. 108% Ooc. 115 July
lll%b. lll%l>.!llO Feb.
112 Apr.
_ _
108 b. lOd b. 105% Jan. 110 Jaa»;.
4»%
50%
43 Sept. 66% Folk -t0l4
67%
68 Sept. 78%
.
59 b. 60 b. 56 Sept. 72 Apr. >
89 %a. 90
80 Jan. 100 May
101 b. 101 b. 100 Oct! 109% Jon*
74 b 70 Oct. 112 Feb.
"94"b. 94 b. 91 Oct.
99% Jan.
97»8 June
91°sa. 94%
92 Oct.
117% ll6%b. 114 Jan. 119% Mar.
102 b. 101 %b, 102 Jan. 103% May
118 b. 114 b. 110 Sept. 120 Feb.
108%b. 113%b 109% Sept. 115 May
112 b, 108% Sept. 115 Mar.
113 Nov. 117% Apr.
101
101%
99 Nov. 109 Ai.r.
99<%b. 100
96 Oot. 107% Jan.
96 Apr. 99 Jan.
76 b. 82 a. 76 Oot.
90 Apr.
64 b. 65 b. 49 Jan.
60% May
101 b. 10.;%b 89 Feb. 104% May
90 b. 9; a. 82 Aug. 97 May
llO^h. mm.. 110 Nov. 117% May
lOO^b. 110 b.lioe Jau. 116 May
94 b. 9J b. 94 Deo. 106 May
80 Oot.
9« May
1I0«4
111 b. 100 Jao 117% May
»f>
b.
92 b, 93% Nov. ,107 May
108%! 110%b.:109 Mar. ,114% July
Ic 1 'b
lOO'g
97 sept. 104% Jooe
98
A Evans.— 1st. Be, '20. 112
Evansv.Div Ist, ds. 1920... 109
—
Rich A All.— 1st, 7b, 1920. tr. rec
Blobm. A Dan.— Cons., 6b, 1915
Debenture, 6b, 1927
Rooh. A PltU.— let, 6s, 1921...
Consol., 6b, 1922
Rome W. A Ogd.— let, 7b, 1891.
Consol., extend., Ss, 1922
Bt Jo. Atid.Isl.— let. 6s, 1925
2d, Income, 68, 1925
Alt.AT.H.- 1st,
78, 1894,
2d,M.,pref.,78, 1891
2d., M., inc., 7s, 1894
Dividend bds, 6s, 1894
Tex.— let, 6s, 1936
St. L. Ark.
2d, 6s, 1936
Ir.
L.
Mt.—
lst,78, 1892...
Bt,
2d uioi-t., 7s. 1897
Gen. Ry.
land gr., 5e, 1931.
San Fr.- 6s., CL A,1906
St. L.
68, Class B, 1906
6s, Class C, 1906
Gen'l mort., 88, 1931
Gen'l mort., 58, 1931
80. Pac, Mo.— let, 6b, 1888...
iBt, 7e, 1909.
Bt. Paul M.
2d, 68, 1909
let cons., 68, 1933
Do
rednced to 4 >s8 .
Shenandoah Val.- let, 7e, 1909
A
A
A
Gen'l mort.,
6b,
1620
1931
80. Pac, Cal.— Ist,
Inc., 68.
68, 1905-12..
8o.Pao.,Ari.—lBt, 68, 1909-10..
So.FacN.M.- l8t,68,1011. ..
Tex. A Pac— Inc. A Id gr, 78. '15
uv
Rio Grande Div.— 6s, 1930
Gen. mort. Aterm., 68, 1905..
A.A. A N. M.— Ist, 68, 1 924
Tol.A.A. A Gr.Tr.- Ist, 68. 1921
•'
Tol.
Tol. Poor. A
Ohio Cent.-let, 5e,
Tol.
A
.
1935
Tol.St.L.A Kan. C.-l8t,6s, 1916
Union I'acitlc-lst, 6s, 1899....
land grant, 7b, 18S7-9
Sinking fund, 88,1893
Kan. Pacific- l8t,6e, 1895....
let, 6b, 1896....
Denver Div.— 68, 1899
lit coneol, 6e, 1919
Oregon Bh. Line -let. Be, '22..
Virginia Mid.— Inc.. 6b. 1927....
Geu'l inort.,ft8, 1936
Wal). 8t.L.
APac-
Gen.,He, '20
Chicago Divliion— 5e, 1910..
Wabash-Mortgage, 78, 1909
Tol.
A Wab.— Ist, ext..
7e, '90
l8t,8t.L. Div.. 7e, 1889
2d, extended, 7s. 1893..
Con., conv., 7b, 1907...
Great West.— let, 7a, 1888....
2d, 78. 1893
Bt.L.K.C. AN.— R.eAr.,7e,'96.
West Shore— <;iiar., 4e
!
1
1
other prloea and tae raugn are (roui actual sales.
STAT 8 BONDS.
8ECORITIE8.
Alabama—Class A 3
I
1906
Class B, 68
1906
Class C, 4b
1906
1900
68, 10-20
Aikanfas— 6b, funded.. 1899-1900
7e, Little Rock A Fort Smiih, Iss.
78, MemphlH A IJltle Rock, Iss..
78, Arkansas Ceutial RR
pBorgl»-7s, gold
1890
1914
L .ideiana—7a oona
Stamped, 48
»«1elil(ran— 7a
to
6
SECURITIES.
Bid.
Aek.
106%
due 1889 or 1890
Asylnin or University, due 1892
1894-1895
Funding
16'*"
1892
New York—6e, loan
lO'Tg
1893
6e, loan
North Carolina— 6i, old
JAJ
1900
Funding act
"vs"
18
New bonds, J. A J.. ..1892-1898
107
100
105
"
"26
Mlisouri—68
Bid.
118
36
10
15
Rhode Island— «8. oon .. 1 893- 894 115
1
91%
1890 106
Sneolaltax. Clase I
Oonsolldated 48
Be
12
1910
"w"
1919 117" J22
Aak.
......
Souih Carolina—(>>, noii-ruud.1888
log'' 108
Tennessee—6n.
Compromise,
New
old
189'2-t898
3.4-.'>-6a
settlement— 6a
5*
3i
i6i"
100
BM.
SECUErriES.
Aek.
104
1C9
110
116
-B
"
1
2d, 68, 1931
West— Ist, 7e, '17
a.
a.
¥•'Jan.
104% Apr.
Nov. 116% Jiue
Deo.
1
A, 1921
Carolina— 1st,
89''b
1
A
A M.—
80.
93%
Aug. 106
^i
.
St.L.
11014 b. 108
a. 9ii%
99
9ois
I
NOTB— The letter " b"
2 As*. 9d
JJer.
A W.-lit, 0«,
1921. I21>«
119%
Michigan Dlv.— let, 6*. 1024.. 1151th, 115
Ulnn. A St. L.— lit. 7e, 1927.... IVA •. 130 a.
70 b. 8.''>%a.
Imp. A Eiiulp,- 68, 1922
Ho K.ATex.—<;on., 68, 1920... 77>4
HO 14
CoUMiil., 58, 1020
71
67'i
Consol., 78. 1904-6-6
107
1«8%
Mobile A Ohio— New, 6*. 1927 .. 110 a. 113 b
Mil. Lk.aii.
let, Extciislon, Oe, 1927
lot pret. debrntuiee, 7n
44 b
Mutual Uii. Tele.— B. f., Be. 1911 B'^isb
Naeh. Cli. A St. L,— let, 7e, 1913 130 b.
N.Y. Central-Extend., .5e, 1898 lOiTgi,.
N. Y.C. A H.-l»t, op., 7e, 1903 iSd b.
DcU'uiiire, Sa, 1904
U9 a.
N.Y.Allar.— lit, 7b, 1900
Jan.
Bet>t.
I
Ht.P-l«t,I.*M.7«,'97 117
Juno
no Jno.
119 June
n8\ June
107i« Jau.
109 Jan.
105 14 Jan.
b.
l«i2'4
b.
b.
Coneol. 7»,
let,
l«t,
90
Hept. 109
104 la Aug
11-.;:H
b.
b.
64%
Chle. Burl.
80\ 8«pt.
95
lll>«b 100
ibs'b. 102 b 99
m. fund Sa, '98 106
B, 1908, ooup, Od 66
6«,oarreDcy, 1918
Mort. 6P.1911
38i«a
871s8.pt.
80 Aug.
LYs'eb. ivs'i).
OU^sb.
116
113
I,
Olotint.
1.
Bighut.
23>g Oct.
104
b.
112>4b. 113
A O.— I'ur.
es, gold, 8cr.
Kxti-n. coup., 4», 1S)86
Lowttt.
lOS^lib.
9'.:
STOCK EXUHANHE. AND BA.f HE SINCE JAW.
Railroad Bonds.
22
28
•.'04
82<ti
Car.
Iowa—
flov.
W. T.
Range line* Jan.
731
6s, coii^ointtttcd 'lonrta
Oh, cjneuliilatetl, 2d series
^8. defer, ed. trtiHf re«*
OO
1912
70
1913 100
1913
1913 "ii"
«8
"H"
73
48
90
60
9% 16%
.
6
..
THE CHRONICLE.
732
Depontt.
V5
m
a
9 Boston
Mass., other ..
a
* Rhode Island.
Total Dlv.No.l
I
f New York City
• Albany
3 N. York, other
« New Jersey...
a PhUadelphla..
E Pittsburg
jg
Penna., other
lTotalDlv.No.2
f
0
a
E
iJ
7
25
20
118
North Carolina
Florida
1
j
J
«
20
Mississippi
New Orleans..
touisiana, oth.
12
g Texas
Arkansas
5
LoulsviUe.. ..
Kentucky, oth.
Tennessee
lTotalDlv.N8.4
Clnolnnati
f
t Cleveland
....
305,929
931,882
93 11.894,500
3,531,613
3,987,000
4,5 33,968
100
8
3
^
Wlsconsin.oth.
53
I
TotalDlv.No.5
6.">1
f
Iowa
128
58
«N
Ittissouri, oth'r
5 Omaha
P Nebraska, olh.
Dakota
.
r
S
S
Total Dlv.No.6
10
35
139
'.
•{
I
27,037,970
6,.564,10ff
3 75,749
543,000
554,447
12,270,140
411,174
4,ti28,242
17,741, 2t.8
1,434.521
571.500
18
76
10,ii9a,000
1,452,90<
1
31
100,1
8
79
7,9.11,840
17
9
7
912.1!)8
152,850
233,4.'57
00
2,751,850
350,000
1,975,000
860,000
850,000
1,075,000
6
Wyoming
2,380.452
1,070,000
129.51*
636,477
19,545, 18t5,326,391
3,638,3u3
31,451,014
30
23
Total Dlv.No.8
la,28t,t>»'-
767,5.50
3
Callfomia.oth.
04
2,572.7.iO
350,916
2,691,219
San Francisco.
Utah
126.<
6,»5».3l5
.
4O.0O0
259,046
2
Montana
NewMexlce..
2i7.374.8.
150,000
2,700,000
4,170.000
l,795,0o0
1,280,000
Nevada
S Idaho
^
%
A
g
44,131
515,696
4,292,77,'
12,97(1.630
1,143,678
24,149,052
6,240000
2,517,280
10,530,800
2,400.000
6,006,100
3,720,000
58,304,180
297,046
1,113,876
434,643
663,831
10,702,97h
95
62
540
Arizona
Colorado
390,000
1,013,925
7,893,213
9,964,472
5.848.811
111,2 J2,»2
8
2 Oregon
J Washington T.
I TotolDlv.No.7
454,000
2,190,397
10,150.000
13,740.000
3.000,000
5
St.
• Kansas
332,759
147,550
846.756
998,453
428,321
2,07 ,1-4
• Milwaukee
S
200',6o6
18,3fiO,460
160
Louis
St.Jo.&Kan.C.
366,937
146,350
91,082
10,30.^915
41,268,742
25.254,103
46,737,361
35,161,306
9,6s4,104
23,315,420
15,050,000
14,341,500
3,883,540
10,674,600
650,000
4.442,000
1008.12,160
28,981
420,4.50
176,636
373,000
210,368
2,13B,435
6,96i>,913
4,028,111
347,202
10,825,490
4,018,'^87
57,374,872
153,759
218,953
173,167
42,862
210.805
26,789
246,209
13,729
629.860
57.111
220,154
391,271
492,191
2,876,h60
4.944,298
7,789,35s
1,441,829
8,502,537
2,292,653
9,951,461
1,181,430
20,762,342
2,7H4,470
9,455,074
17,680,92H
19.222,849
111,342.4 33
4.453,.36ol
1,822.74.3
l,214,.69o
38,056,770
10.100,404
16,443,358
2,124.645
Ml,040
26,000
391,570
253,140
12,900
43,690
20.560
3 5,550
5.230
859,6mO
203.2*4
222,901
28,900
147,018
51,839
190.832
136,162
86,654
51.867
1,149,076
255,469
2'26,387
6,83 3.776
2,830.771
145,193.214
766,633
651,172
386,719
8,464,475
157,982
509,478
4,854,873
14,445,417
5,785,631
667,460
3,821, ^32
29,421.677
6n,380
1,068,263
3,151,990
90H.328
447,269
6.O24.230
173,5o4
12,401,670
577,770
8,236,786
1,751.005
2,119.364
2,527,062
27,7H7.24
l~,o35
1,2S6,250
42,750
643,195
84,497
230,278
226,901
2,532,40t
613,r>Z4
30,l7s.n0tf
1,20
..3
m
640
24,154,o<5i.
1,15,5,756
45,064
151,053
114.356
140,178
300
43,240
147,690
1
13,070
120
49,110
1.250
50,660
112.324
667.596
105.140
764,434
249,056
3,991,174
254,222
470,681
466,116
115,440
411.324
140,554
2.2 .o
960
49,968
48,622
364,273
47,384
191.703
58.670
8.00O
17.120
70.tiH6
994.40.
lo,400
'sKh'io
49,210
25b,90o
59,162
6,2-39
23,i35
5,150
6.319
477, .:>o,)
315.
s)
13.72rt
160.160
83.915
3,815
69,87i)
24.090
11,198
6,«.^*
404.203
1,295,733
61,733
1,820,126
96,300
792.247
533.074
721,378
7.178,928
3.909,249
896,000
3.277.439
1,977.615
6.733,720
1,831,456
831,416
853,715
529,015
481,901
21.381,526
991,435
966.060
1,352,879
1,637,465
302,143
1,208,267
905,694
328,188
387,989
8,080,120
•"•
"e'TOS
347.621
38,583
51,120
444,029
64', 104
9,532
4836
78.472
6171
116,068;
3 916
48,174
13,797
18.430
8,432
209.63 1|
114.210
l.t.><l
150,253
1.687.182
377.513
12,737
7,106
21,956
116,033
28,444
38.089
211,6-8
""'260
Total for U.S... 3.049 578,41.2,766 173,913.4. 1 1.249,477, lz7 25204.6.50 1..587.62 '.233 97,763.48v 53.95
rt
122, 19H
l.ll!),32ol
239.800
3,170
4,180
247,410
1,69!J,013
14.3//
62.33K
27.200
8, 5611
'i
16,069.861
298,860
3,193.729
1,817,669
5.564,432
2,937,227
31.580,781
55,328
2.509
28.:.6u
38,931
50.371
104,260
63.301
67,866
59,456
93,054
35,74u
277,312
31.829
26.600
103.160
196.902
104, 13o
53,034
366,781
326.392
230.579
337.496
70,374
196,266
18,728
118.961
5,055,7O.^
7"52'.659
26.522
6,405
106,552
35,48»
472.08
2ol,500
200,000
101,430
117.450
3,430,550
180,250
5,6^0
38,210
110,000
8,290
21,306,634
9,133,480
13,80»,39m
o.;
8,700
116.868
98.444
274.638
71.244
145.463
98,02^.
282,136
565.34 >
17,607,76(1
51,173,331 2,399,305
28,030,386 2,008,434
61,156,28. 9,040,389
36,018,216 2,116,6t>9
12,805,81»
982,325
29.676,18. l,37 7.»O0
398,600
4.332,906
13,444,023
862.290
27«,»82.027 20.032,593
757,410
..
434.-
145,260
1.148.7tf^
24,007,114
81. ,504
45.875
43.063
5.->,82s*
1,357,5(0
9
219.296
122.493
174.399
2,399.263
1,416,311
510,347
691,103
6,533,211
332.515
63.).
8. et/t.
of depoiU.
15,275
9,682
8.136
3.093,4ii>< 1,160.21
22,5nO
555,080
44,410
631,550
70,000
24,140
9,800
36.820
18.540
72,680
2,860
157,720
19,170
7,500
45,010
103,770
655,940
477,942
573,528
13J,103
15,819.554
576,821
8,120.148
1,496,752
2,334.946
1.697, 28i
9'29,bbo
180.b83
1,367,424
273,336
174,938
83.6H4
420,820
228,104
2,729.259
5,00 3,65-.
26,190,608
5,323,2i)o
.
892,000
18
Minnesota
3,e33,:i82
1
1,82. ,000
Detroit
Michig'n.other
1
1 1,759,2 i!l
73,4s5,08-
7o,
5.20ri,396
Illinois, other.
•
1,461,()5(<
ll,583,cli)
4»,026,')4v
22,796,02<i
B
S
7,460,000
1,095,134
4,907
1,631.8-1
10,400,000
6.700,000
lo
9
192
Ohio, other
Indiana
Chicago
42.027
355,847
80,000
53,966
47,26i>,050
950,000
3,551,500
9,758.900
a
S
m
...
72,564.89^
537,136,671
3,537,066
3.545,114
5,003.216
1,515.764
5,925,318
1,264,008
9,698,963
703,4«7
13,710,426
2,313,140
4,033,28i
10,476,083
3,050,520
500,000
3,485,100
) ,055,000
2,925,000
500.C00
9,919,750
40
313
451,231
8,781,559
455,350
99,19H,789 3.368,828 1,114,140
40,467,838 1,231,382
167,460
83,440,472 10,606,211
132,940
31,98!',826 1,987,190
785,610
80,471,568 3,612.713
282,490
602.424.ril.5 46,471,757 41,208.920
544,481
778,800
951,732
66.1S0
639.904
127,368
1,199,000
30,308
2,431,285
H1,''00
915,112
2,296,885
1.69'*,000
5
91
7
9
59
141,153
1,034,142
702.965
19,910
599,351
355,158
545.116
136,275
734,154
4,050,362
18,188,191
6,650,593
6,465,834
805,810
9,786,470
3,079,587
2,412,280
8
258.074,59.3 24,214,172 38,270,930
,99.35u
3,544,400
901,580
481,204
60,000
1,414,893
4«9,121
7,770,517
1,961,000
8
Alabama
2,5t!4.688
449,685
212,912
387.117
434,038
5,243,735
24.178,66.5
72,8L8,5:<6
24,l7f,'.i45
18
15
21
South Carolina
Georgia
30,580,762
1,243,000
10,121.h80
4,501.268
10.550,803
4,334,877
11.480 946
252,000
3,79B,300
1
3,132,7.'<ri
7,962.422
87,269.212
38.644,239
78,195,379
43.;i97,366
<t fr.
9
67,405
86,206
55,555
221,693
547,582
107,176
235,626
1.321, z73
60.5,133
Lea.tend'rt
Treasury
certific'tes
10,500
1,360
9.440
4,515,530
251.450
60.410
205,960
5,054,640
2'28,221,8o6
1,571,864
12,592,035
14,226.514
4,243,888
6,908,035
Silver
BUver.
$
$
$
166,137
337,592
143,440
1,485.343
272.832
122.319
l,453,6ii5
Gold
600,450
19,174,027
296,886
9.695,037
314,532
12,879.765
124,033.034 4,926,938
91,685,952 2,107.417
462,030
34.521,408
43,114,001 1,263.656
335,103,2 i4 l(i,031,90J
10,116,282
6,121,424
6,627,0^0
74,255,438
53. 872. 217
13,918,047
24.478,665
189,39 l,l«3
2,401,405
2,083,985
11,713,260
2,796,700
1,575,000
17
17
31
Dlst. Col., oth.
Virginia
1,750,000
34,724,260
13.024,220
22,653,000
10,180,000
33,551,140
165,037,620
81
.. ..
West Virginia.
49,1.'>0,000
43
23
237
706
Maryland, oth.
Washington...
Total Div.No.3
I
47
6
269
Delaware
• Baltimore
!3
72 10,440.700
6,205,000
49
7,566,000
49
54 50,!i50,000
198 44,790,500
61 20,340,050
83 24.505.410
56b 164,797,660
$
$
$
Maine
N.Hampshire.
Vermont
f
Other.
Iiidividuat.
OoUl and
Loaru d dU-
Treasury
eounts. (IncVg gold O.H.
overdrafts.) certifleatet. certificates
aurpl«*-
Oapital.
1887.
[Vou XLV.
12,650
690.621
39,715
624,295
84,223
70,498
29,584
7.601
*>
Otii
19,714
7,875
684
37.936
9.3»8.«n..;3.9..1
3r3.
1,751,4^
79,941,255
8TATE1MENT OF THE NATIONAL BAMK3 OF THE RESERVE CITIES, AND TOTALS.
I
Totals fob Rcsirti
^3
CITIXS, &o.
3S
n
^
Betoureet.
IfiU'l.
MiU't. Afil't UiiVs. Mil's MU't M«'» Mil's UU'a
Loans
Bonds for drcnlation..
Other D. S. bonds
ViiO
9*
358-1
8-8
9-7
11
1-6
3-7
33
Stocks, bonds,
&o
Doe from banks
33-6
B«al esUte
83-4 33-0 36-2
40
9-»
-7
1-4
9
2
•9
•4
1-5
2
•9
11
1-3
•6
•6
2-7
1-8
30
•3
•4
•4
9
34» 3-7 14» 40 4«
•3
•8
3-4
IB
10 5
8-0
e 3-9 30 1-4
•8
•1
383 •s
16-«
ys
•8
16'B
3-2
cert's...
a-9
4-6
At,
Gold Clear. House ctf s.
surer coin and certlfl'a
Legal tender notes
•8
11
•8
3-2
14-5
•2
1-6
1-4
4-3
1-2
OuldcolQ
Ck>ld
Treasury
U. 8. ctfs. of deposit..
National bank notes.
.
Clearing
House
.
exch's.
Due from U. 3. Treas.
Other resooroes
TotaU
UabtliUts.
Capital stock
Snrplna fnnd
DndlTided
profits
Circulation
Dne to depositors
Ihie to banks
Other
liabilities
Totals
1-4
8-0
60-5
-8
-7
491
30-6
1-a
•3
8-9
8
75-7 3308
361 1408
4
•s
T^-'i
4694
•3
•4
3-6
13-2
3-9
•8
-4
•6
•7
•1
•1
•3
•e
9-0
3-4
1-0
•4
•8
•1
•4
9
IB
4-9
717-3
870-i:
1,5875
8
7
38-3
1508
148
189-1
34-7
88-8
356-3
58-0
4
-1
•2
-6
•8
•2
•4
33-5
30-4
33-3
3-8
3-5
•a
1097
14tf-6
4
•4
•1
l-l
-8
1-0
33-8
33-4
30-1
34-0
34-2
38-4
•8
•1
•8
•2
•2
•»
6-6
1-8
1-4
1
•1
•B
•a
•1
B
•8
10
•1
•4
114
•3
•8
4-4
•B
-5
•1
1
10
8
•8
•8
4r-2
33-7 10-2 11-7
10-5 4-3 3B
3'
1-2
1-6
1-2
1-8
»8-4 34-9 18-5
3-8
185 4»
3-4
-8
•I
IS
•1
•3
402 96
1-0
8'
13-2
•5
•6
9-1
-4
1-8
1335
35 101
-2
•8
MiJ's Mii's Mil's Millions. Millions. Millions.
1-9 14-6
•7
3-5
3-a
MU'»
•8
•8
•5
IS
4-4 10-4
2
2
»
138
4
3-B
3-6
4-8
•8
1-7
1-1
Mil's Mil's Mil's
•6
1
1-8
30-9
13-6
8
61-S
8-1
•2
4-1
11
1881 4«9-4 13
•8
MU't JM«'« mil'a.
9-6 34-6 17-6
•7
3-6
18-2
3-9
-5
1-2
9
•2
•a
•3
5
65
12
2
9-9
3-2
1
1
•2
1-2
3-6 10-4
3-8
7-0
-2
15-0
39
•1
•1
"7-8
179 "3I
33-6 13-5
80
8-8
33-1
73-8
53-9
34-0
13-4
73-7
-6
6-8
135
33-5
88-8
87-1
3-2
7-1
9-S
irr
38S
40-2
1,306-8 1.4136
3,63M
•1
•8
14a 43 '4 34-4 103-8 19 4
1-6
3-4
Tsys 4ri 40^
•2
-2
31
41B
3-8
1-7
-e
30
•3
3-9
3-4
3-7
305-4
3731
578-5
J -8
•9
4
-5
•4
1-1
•1
•4
•6
•8
10
1-8
•4
•2
•8
•1
8
•2
2
734
-6
98-5
45-9
1739
714
3-8
•S
•8
•3
•8
•6
-1
-8
•3
•7
49 30-5 10-s 47-0 101
3-2 »« 31
332 4-1
•6
•1
30
43-4 34-4 103H I»-4
4-8
6
3-1 10-e
8-4
3
581-3
1-4
5-5
61
3-3
15
3798
6-7
I
.3
.3
iTn
13-n
334
6
1
4
<2n8n
1340 167-4
693-4 1 ,37 4 -7
50 4 3-i9i
183
34
7
•,«'20-8
I
—
Dkoembkr
8,
MJ
1
.
THB OHUONIOLE
1887. J
7<
GENERAL QUOTATIONS OP STOCKS AND BONDS.
qni>r.atlnn8 In New York rnproannt thn par oaat viklin, vlt«terer tho pAr m«]r bs ; nthar niiottU m« »ra frnqneatlr m»(le p«r ihsn^
Tlio folbiwIn^ahlirevUtlons iimoftoii iiaod, vl« : '• M." for inirt((iii(<i: " g.," tnr if<Ai\: "rc'il," far Kiuraataiiid; " •od.." for saioraad
tor oouBoUilftUwl ; "oonv.," for oonvorllhle : "n. f.," for nlnHlag tiin't; "I. K.," for Unit gnuil.
QaotatluDS In New York arn to TtiiirsiUjr ; trom other oltlM, to lat« mnll date*.
Sabacrlbera
nrlll conftor
a niror br glrlut notice of anr error 41s«OTer«d In tlieaa Qnotatloaa.
Unitsd BTATKS BOWDt.
ClTT SSOnBITIM.
(INITBD STATBS BONDS.
414S, 1S!U
4>«a, 1891
4s, I907
4«, 1907
6«, Currency, 1895
IHOfi
6«, Currency,
~
6», Currency, 1897
«s, Currency, 1898
6s, Currency, 1899
rt.^..
reg...
coup..
rejc...
.JAJIx2m
J&J
reg.
reg
reg
reu
,
,
.STA'I'K
Baltimore— (Oontlnued)—
58, water, 1894
6«,1900
68, West. Md. HR., 1902
5b, 1916
48, 1920
coup..
,
J&J
J&J X27>«
NK<:rKITIR!«.
Alabama— Class "A,"
3 to 5, 1906... 105 >t
Class •• B," 5s, 1906.
Class "O," 4s, 1906
68, 10-20, 1900
107
100
AJ
Arkansas— 6s, funded, 1899 ..J & J
7b,
R. A Ft. 8. Issue, 1900. A A O
7b, Memphis A L. K., 1899.. A & O
J
118
105
108
9
18
1..
34
78,L. K.P. B.AN.O.,1900..A&O
7b, Miss. O. A R. Rlv.,1900..A&O
Bid.
7a,
Stamped 4 percent..
Baby bonds, 38, 1886
Blaine—48, 1888
JAJ
Ul
JAJ 121
8», 1886-1905, long
Varioiwl
JAJ 124
4«««, 1916
Variomil too
MAN 126% lae's MobUe, Ala.— 3-4-5«, fnnded..J A J 76
JAJ
112
Montgomery, Ala.-New 3« ..J * J 70
ISS
IDS
7»
90
100
.,....,„,..., 102
103
10«
111
130
13«
138
128
113
102
117
Mo.— 6a, railroad aid, '98..
Boston. Mass. —as, cur, long, 1905 Varl
6s, currency, 1894
Var.
68, gold, long
Var.l
103
120
Belfast,
AAO
4>«8, 1908
48, currency, long
•^-.--•'
FAA
FAA
—
41*8,
^^'^
100
War debts assumed, 68,'89.A& CM
103
BfCaryland-68, Hospital, '87-91 JAJ loo's
6b, 1890
Q— 101
8-658, 1897
JAJ 106
Hassaoluisetta 58, gold, 1891. AAO 103 14
JAJi 110
58, gold, 1894
6s, gold, 1897
MAS 112
Michigan— 7b, 1890
MAN 105
Mlnnesota-Ad). 4is8, 1911, 10-30.. 100
Missouri- 6s, 1888
J A J lOlia
Funding bonds, 1894-95
J A J 110
104
Long bonds, '89-90
AByluiu or University, 1892. J A J 109
New Hampshire—58,1892
JAJ 103i«
JAJI 110
War loan, 68, 1892-1894
War loan, 6s, 1901-1905
JAJ 123
New Jersey—68, 1897-1902.... JAJ 120
68. exempt, 1896
JAJ 118
New York—68, gold, 1891
JAJ 112
116
68, gold, 1892
118
6s, gold, 1893
Ho.CaroUna—68, old, 1886-'98..JAJ 35
6e N. C. KB., 1883-5
J A J t! 170
6«
do
7 coupons off
AAO 110
68, funding act of 1866 1900 JAJ 12
8», new bonds, 1892-8
JAJ 15
—
54 >s
101
loaij
107
AAO
RK
6», Chatham
6s, special tax, class
48, new, cons., 1910
1,1898-9AAU
J A J
68.1919
11
AAO 117
IzO
FAA 115
12
12
97
124
4»,reg., 1912
Rhode Isl'd— 68, 1893-4, coup. .J AJ
Booth Carolina—6s, Non-fund.,1888.
121
106
consols
Virginia— 6s, old, 1886-'95....J A J
68, new bonds, 1886-1895. ..J A J
68, consols, 1905. ex-ooup
JAJ
6e, cunsol., 2d series
JAJ
6», deferred bonas
Tax-reoelTable coups., from cona'Is
Do
Funding bonds,
lO-tOs, op.
3s,
from 10-40e.
1^32
JAJ
59
ti9
83
72>s
100
71
10 i
115
130
09
73
111
48
48
46 <s 48 >s
60
10
32
30
63
H\
33
31
64
A reg., 3 to 5, 1919. JAJ aOH 3T*
Vartow)
US
7» long
I
Allegheny, Pa.—6a,ep., '87-87.. Tar.
ii^B, coup., 1885-1901
Var.
4a, coup., 1901
Var.
Allegheny Co., 5b, op., 1913. J AJ§
te,T1ot loan, 5-lOs
^
48, riot loan, IO-2O9
10-208
68,
do
4s, refunded. 5-208, 1891-1906....
Atl»nta, Ga.— 78
Do. 88
138
Albany, N. Y.— 6s, long
100
100
106
105
105
100
100
100
101
103
101
101
101
102
104
ir.t
110
114
A.ngusta, Me.—6s, 1905, Fund. JAJI 118
Augusta, (ia— 78
Varlou* 108
115
Au8tln, Texas— lOs
Baltlmore-«8. consol., 1890.. Q -J 104
68, Bait. A O. loan, 1890
Q->I U5
«», P-jrk. 1890
Q— 105
68, bounty, 1893
6b,
do exempt. 1893...MA8 i09'
'
Tenn.—6«,
long
Newark—4»,
long
4'ss, long ..........................
58, long
,
68, long
Var.l
78, ionT
.........Var.l
104
110
119
25
107>i 109
113
108
115
108
110
lOd
124
140
150
134
154
101
110
132
114
100 1«
111
109
125
141
162
136
153
102
101
lo7'« 109
113
III
123
121
88
110
83
1121s 114
l]5>a
113
105 >4 106
100
110>« 112
105
105
107
103
105
105
103
116
n
siiort
New Bedford.Maaa.- e8,1909.AAOt
5a, 1900, Water I>oan
N. Brunswick, N. J.— 78, long
A.AO
I
long
New Orleans, La.— Premium Ss
Consolidated 68, 1892
Var.
6b,
I
Newport, Ky.— Water bonds 7-308..
New York Olty—68, 1908
6b, 1896
69, 1901
78, 1890
78, 1896
7b, 1901
Newton—68, 1905, water loan. .JAJ
6b, 1905, water loan
JAJ
Norfolk, Va.—68,reg.Btk,'78-8S. .JAJ
8e, eoup., 1890-93
Var
88, water, 1901
Norwich, Ct.— SB, 1907
AAOI
78,1905
J.4J
Orange, N. J.—7s. long
Oswego, N. Y.— 78, 1837-8-9
Paterson, N. J.—78, long
Vai
MAN
183
HI
121
113
136
109
125
132
123
112
100
115
124
111
130
115
100
123
116
110
108
103
JAJ 107
JAJ 118
133
190
138
110
1S8
184
137
114
100
m"
118
13S
130
1
6«, long...
5b, long. .
4>s8, long
48, long..
Petersburg,
88
88, special
Va
—
68...
vii"
120
lis
110
loe
110
tax
130
Pa.— 68, 18S6-'99 JAJ
new, reg., due 1900 Aover.JAJ 136 >s
Pa.—48, coup., 1913.JAJ. 104 106
JAJ. 117 lis
58, reg. and conp.,1913
MANI
Var 124
68, gold, reg
129% 1301s 78, water;reg.Acp.,'93-'98...AAO. 128
4b, 10-20
103 >s
113 115
JAJt
5s, Rafunded, 1912.
Southern RK. 7-308, 1906... JAJt ISOH 133
lOS 107
1915
do
4s,
121Ss Portland, Me.—6s, Man., 1895. Var.l 106
do
108
68, g., 1906
MANI
do
Our. 68, 1909....FAAt
123 >4
MAS 119 121
6s, railroad aid, 1907
do
Bkg. f d. 58, 1910MAN t 112>« 114
101
103
1902-12
JAJ
funded,
48,
Hamilton Co., 48
104 >s Portsmouth, N.H.— 68,'93,RR..rA
106>S 108
01eveland,O.— 7», '94, fd. debt.. AAO 113" 117
Poughkeepsie. N. Y.— 78,waterlongf 140
78, 189t), canal
MAS 117 119 Providence, R.I.—5s,g.,1900...J.«j 110 iioi*
131
68, 1898
112
Var. HI
69, gold, 1900, water loan. .J A J+ 119
58, 1887-89
100 >s Rahway. N. J. -Old 7»
Var. 100
Columbus, Ga.—78
85
80
48
Var. 106
adjustment,
New
5s
118
i'02" Richmond, Va.—68, 1884-1914.JAJ 117
Covington. Ky.—7-308, long
137
110
112
13S
1886-1909
JAJ
88,
Water Works, 1890
106
JAJ 97 102
10,1s
5s, 1914-15
4s, 1937, new
104
) 103
90 100
48
Dallas, Texas— 88, 1904
110
Var. 110
Rochester, N.Y.—68
10s, 1893-96
110 US
140
J
A
J
I
78, water, 1903
100
Water, 68. 1900
100 103
Rockland, Me. -6s, '89-99, RR.. FAA 98
Detroit, Mich.— 78, long.
Var.t 120
«. Joseph, Mo.—Comp'ml8e48, 1901 82>s
78, water, long
Var.l 12i
13j
Var.l
St. Louis, Mo.—68, short
108
Elizabeth, N. J.— New 13,1912. MAN 80
87
Var.l 107
6s, 1892
108
Evansvlile, Ind 78, long. Various..
Var.t 105
58, long
103
100
Fall River, Mass.—6s, 1904.. .FA At 119
120
.Var.t
Salip^'lo
JAU.t
58, 1894, gold
FAAI 105 lOd
4b, 1905
AAOt i'lS"
58, 1909
FAAf Ill's 113
St. L. Co.— 68, gold, 1905
Fltohburg,Ma8S.— 6s.'91,W.L..JAJI 103
I0.j
Var.. 100
Currency, 78, 1888
93
Tex.—
lot
90
Galveston,
88,1893-1909.MA8
103
t
at. Paul, Minn.—48, 1912
104
58, 1920
JAD 9i
99
t 100
4's8, 1916
108
City
104
100
Hartford, Ct.—
68, var. dates..!
114
t
58. 1915
105
ill 10
Capltc'. untax. 6s
» 100
6a, 1889
106
Hartford Town 4198, untax
t'lOO
105
f 100
7a, 1888
138
Haverhill, Mass.—6s, 1889... AAOI '101 is 103
» 126
8», 1904
117
111
llSis
Hobokeu, N. J.— 58, long
ll3
Salem, Mass.—6b, '98, W.L.AAO..I
116
117
68, long
JAJI Ill's 113
58, 1904, W. L
103
123
100
125
78, long
Savannah funded 5b, consols
106
43
Houston, Tex.— lOa
SomerviUe, Mas«.— 5b, 1895.. AAOI 105
45
AAOI 108 111
6s, funded
5s, 1905
138
lndiaiiapoll8,Ind.— 7-308,'93-9, JAJI 110
Bpringlield, Mass.—6«, 1905.. AAOI 121
Jersey City— 6a, water, long, 1895.. 104
lu6
AAOI 130 138
78,1903, water loan
117
7s, water, 1899-1902
JAJ 11:1 123
Toledo, O.— 7-308, RR,1900.MA Nl US
118
"78, Improvement, 1891-'94....Var. 107
Var.l 112
112
88,1893-94
JAJ 119 120
78, Bergen, long
Washington, D.G.—St* Dlst. ut Col.
10«
Hudson bounty 5s, 1905
MAS 116 118
Worcester, Mass.—Os, 1892... AAOI 106
AAO 112 114
Hudson County, 6s, 1905
JAJ 1 2d
Ss. 1905
116
AAO 101 lOS
Hudson County 78. 1891
JjcD 114
4a, 1903
BayouneCity, "s, long
JAJ 11^
BONDS.
Lawrence, Mass.—68, 1894... AAOI 109 HI
AAO lis 120 {Bondt ofeompaniti eontolid'Ud wM
6s, 1900
Long Island City, N.Y— Water.78,'95 100
be found under tKteonMol'd name)
Louisville, Ky.— 78, long dates. Var.l 121
123
118
ill
Var.l 102
Ala. at. Southern— 1st mort., 19081 116
78, short dates
Var.l 108
110
Debenture scrip, 6s, gold, 1906.. i 103 107
6s, long
S8
53
Var.l lOl
103
Ala. N. O. T. Ac. 1st deb. «»
6s, short
}
SO
43
MAN 1U5 104
2ddebent. 6s, 1907
5s, 189i>-1900
[
Lowell, .Mass.—68,1890, W. L.MANI 104
104 >s llb'y A SiUHi.- Ist M., 78, '88. ..JAJ 103 >«
Lynchburg, Va.— 68
J A J 110
Oonsol. mort., 7s, 1906,giiar .AAO
J A J 1;17
124
88
Consol. mort., 6s, 1900, guar. AAO I17<s 118
Lynn, Maas.- Water loan,6a, '94JAJ 109
Hi lllegb. Val.—<}en. .H., 73-l0«. JatJ 1 16
Wat-r loau, 68, '96
J,tJ 1 10
113
Ba8t.exten. M., 78, 1910.... AAU 110
AAO| 'tO
MANI Ill's 113
58,1905
(aooa.e,78. end., 1891
102
Macon, Oa.— «8
AMh. fop. AS. F<>-lst,7s, '99 Jikll 119>s 130
117
AA<)i ili
JAJt 106
Land grant, 78, g., 1902
Manchester, N.H.- -6s, 1894
inD> 103 106
dluklng fund, 6a, 1911
J*J 118 120
6s, 1902
'I4 101
117
liS
10
.JAJaAaoi
1009
Jiuraateed
7s.
1911
48,
97
AAOt 96
99
MemphlB,Ten.— Iax.Dlst.ShelbyCol 96
5«, 1909 (1st mort.)
JtAit 88% 88
Sa, plain bonds, 1920
MUwaukee, Wis.—5s, 1891... J A Ut 100
A«Ot 95
97
Var.l 107
I's.'). 1920
(8, 1896-1901
Philadelphia,
6s,
Pittsburg,
I
,
r
1
1
\
—
m"
RAILROAD
.
ili'
Waterworks
MAP
68,
1001*
10li« 103
105
123
new
105%
I
40
1I4>«
Brown
68,
Naanvllle,
1
105
112
127
130
125
Penna.— 58, new, reg., '92-1902.FAA
Tannessee— Os, unfunded
Compromise bonds, 3-4-5-68, 1912
Bettlt-ment, 6s, 1913
Settlement, .")S, 1913
Bettleuient, 3s, 1913
Tdxas- 68, 1892
MA8I
MAS)
78, gold, 1892-1910
JAJI
78, gold, 1904
Vermoutr—<j8, 1890
J AD
Chicago Ss. 1890
Lincoln Park 78, 1895
C—
JAJ
AAO
AAO
1900
3-658, 1902
Co. 78, 1892
Co. .58, 1899
Co. 4'4a, 1900
Cook
Cook
Cook
West
West Park 78, 1890
105%
South Park 68, 1899
112
Cincinnati,
68, 1897
114
7-30S, 1902
103
105
107
100
106
119
107
109
JAJ lOHs 102
17
18
1914..JAJ;100
Bid.
....
Bangor, Me.— fls. RR.,1890-'94. Var.l
68, water, 1905
JAJI
68, E.A N.A. Railroad, 1894. .JAJI
6b, B. a Plscatacpils KR.,'99.AAOI
Bath, Mo.— e»,ralln)nil aid
Varl
5s, 1897, municipal
HO
OITT SaOOBRIM.
>nnnMtpo|]>-4% 190«-19ie.Varioaa 190
5S.18B3
VaHooai too
Brooklyn, N. v.— 78, 1890
6b, Water, 1891
7b, Ark. Central RK.. 1900. A A O
68, Water, 1899
7s, I^eveeof 1871,1900
J AJ
68, Park, 1921..
Cillfomla— 68, funded debt of 187378, Park, 1915
Connectio't— »ew,rg.,3'a8,1904JAJ« 103
78, Bridge, 1902
* 100
New, reft, or coup., Ss, 1910
78, Bridge, 1920
District of CoUiiubJa
78, Kings Co., 1888
Con8.3-«5s,l9Vi4,cp
F&A 117V1 118 BuUalo. N. Y.— 78,1895
Var.l
Cons. 3-65S, 1924, reg
117H 118
78, water, long
Var.l
FtuidingSs, 1899
JAJI 1I2>1
68, Park, 1926
MASI
Perm. Imp. Bs, /?uar., 1891. ..J&JI 107
Cambridge, Mass.— 58, 1889. ..AAOI
.JAJI 110
Perm. imp. 78, 1891
68, 1894. water loan
JAJ
Wash.- Piind. loan (Cong.)6s,g.,'92t 1 07 >«
68, 1898, water loan
JAJ
Fund. loan(Leg.)08,g.. 1902 Varl 123
68, 1904, city bonds
JAJ
Ill
Market stock, 7s, 1992
Charleston, B.C.— 68,st'k,'76-98..Q-J
126
Water stock, 78, 1901
7b, lire loan bonds, 1890
J £ J
129 136'*
do
78, 1903
78, non-tax bonds
115
Florida—Consol. gold 68
J 4 Jl
4s, non-taxable
Georgla-78, goldl)ond8, 1890. Q-^|104
Chelsea, Mass. 6s, 1 897,water loanl
4J»8, 1915
JAJ 10o>s 107
Chicago, iU.— 7s, 1892-99
Kansas— 7b, long
JAJ|
68,1895
Louisiana— New con.
i
120
120
lU4>s
105 ><
114
7a, waf<<r. I<>i>2
....t»"
Prise namlnal; no late transaottODS. tPOToliaaM also pays aoorued interest.
tluLoadoa.
i->
f
,,^»n<-x.%
P.I
nnr'do.lit?.
*.%<
'
»|
108
Part (Ming red aeiuoa. 1 o^>ut(^Mu aa siao*
Ul
'69.
fJ
F
FJ
1
THE CHRONICLE.
734
GENERAIi QUOTATIONS OF STOCKS
For KxpIan^Ton* S*e Notes
Bid.
KAIUtOAD BOSBS.
Atdi. Top.
&
Fe— (Oontlnuod) -
8.
^C.Topeka<bW., 1st M.,78,g.J<tJ
income 78. AAO
do
ir.Mex.ASo.P»o.,l8t.78,1909 AAO
Fneblo * Ark.V., Ist, 7s, k.,1903
Sonora, l8t, 78. 1910, guar.. JAJ
•Wlolilt»<fe8.W.,l8t.78,g.,gua..l90t;
& Cliarlotto Air ii.— l8t,78
Atlanta
Incflme. 6s
Atlantic <fe Fao.—l8t 48, 19J7..J&J
J&J
W. D. Inoomee, 1910
Central Division, old da
iDoonies. 1922.
do
do
acp. ld.gr. 68.1901
A&O
Is
Ohio
-Kew
Baltimore &
FiA
68 gold, 1925
East Side Ss, 1925
J.feD
(Sterling, 58, 1927
MAS
Sterling, 68, 1895
BterUng mort., Os, g., 1902.. MAS
do
68, g., 1910. MAN
Parkersburg Br., 68, 1919. ..AAO
Balt.A Fot'o— let, 68,g.,1911.JAJ
lit, tunnel, 6a. g., g'd, 1911. AAO
Beech Creek— lst,g'ld, 48.1936,JAJ
Bell's Gap— Cou6, ba, 1913 ....JAJ
Belvidere Del.— lit,68,c.,1902.JAI)
Cons. 48, 1927
FAA
Boston A Albany— 78, 1 892 ... FAA
«a, 1895
JAJ
Bo8t.Conc.AMoD.—a.F.,68,'89.JAJ
Consol. mort., 78, 1893
AAO
AAO
Consol mort.,
6», 1893
Boat. Hart.A E.— let, 78
1st mort., 78, guar
Boet.H.Tim.AW. ileb. 58.
1
900. JAJ
98
99
rl09
1110
tl06
102
110
Iowa
H
1
56.1034. AAO
8r. L., Ist. 78, guar. JAD
C.
AW
,
.58,
100
AA(
1921
eUKor.Pac— l8tM.,4'is,g..
23
106
102
136
Ist, 9, gold, 78,
,
Fund, coupon
.
7e, ls95
Pike's P k, Ist. Os, g.
M A^
MAN
Atch. A
MAN
AUh.Col.APac..lst,(i8,1905Q.—
Atch.J.Co.AW.,lst,68,1905.Q,—
Cent, of Ga.— 1st, cons., 7s, '93.JAJ
I,
Collat'l trust 5b,
Cent.
Iowa—New
M&S
1k37
Ist.,
7s
,
toe. bonds." debt certs.", 7a.AAO
Eastern Div., let, 69. 1912. .AAO
nis. Div., let. 08, 1912
Cons., gold, 6s, 1924
JAD
Oeniral KK. of N. J.—
110
do
5.S.
80. Mian.
JAJ
lBt68,1910
A Pac. Div. 6e, 1910 .J AJ
do West Div.. 5e,1921.JAJ
Chio. A Mo. Rlv. .Ss, 19i6....JAJ
Mineral Pt. Div., 5a, 1910.. .JAJ
Chic. A L. Sup. Div., 58, 1921JAJ
Chic.
. .
85
30
122
1914
Terminla
Ss,
Dubuque
Div., Ist. 68.
JAJ
1H20.JAJ
Wis. Val. Div., Ist, 69, 1920. JAJ
Fargo&SoutU.- 6s.a88.1924.JAJ
luc. conv. Bin. fund da, 1916 JA.T
Dak, A Gt. So. 58. 1916
JAJ
Chicago A Northwestern-
Q—
AAO
AAO
Consol., 78, 1915
Consol., gold, 78, cp., 1902. .JAD
90
loo's
131
119
106
Sinking Imid, 63, 1929
do
58,1929
110
9^% 100
85
20
AAO
AAO
NorthweetUn., let.7s, 1917. MA8
Winona&St.Pet.— 2d78, 1907MAN
ASt. P.,S8. 1909. .MAS
,
^^^
eenesB,
^Cal.A Or.
C.P.bonda,
,
ds. 1892
68,g.,'92 J AJ
.
land grant
M., Os,
Monjiago boude,
g.,
113
102
102
•107
1890.AAO
193»i...AAO 102
-West. Ptcif., Ist, 6s, g., '99.. JAJ 111
Chari'te Coi.AA.— Cou8.,7s,'95.JAJ 111
2d mon.. 78. 1010
AAO 108
Cheraw A DarL— 1st M.,8s,'88.AAO
2d mort., 78
100
Cheehire— 6s. 1896-98
JAJ tl06
Chee.O. 48.\V.-M. 5-t s, 1911. FAA 104
_ a<l mort.. fls, 1911
FAA
ts,
Price nommai; Lo late trausacUona.
120
Bid.
Ist.,
Cin. Rich. ACldc— 1st, 78. '9o.JA.)
Cin. Rich.
F. W.— Ist, 78, g...JAD
Cin. Sand'ky
CI.— 6s. 1900. .FAA
A
A
Cln.&Sp.— 78, C.<!.C.A
t
tU6
PuroliaaBr aUo pays acecuad Interest,
114
lOZ
97
117
105
llO"*
99's 100
t
JAD
100i«
tlOO
OS
78. guar.. L.S.& M.S., 1901. .AAO 110
Cin.W^aah.AB.— I8t,gu,4ia3-69MAN
99>« 101 »»
2d mort., ,59. 1931
JAJ 74 '« 75'».
3d mort.. gold, 38-48. 1831. .FAA
40
41
Income
.58,
I.,
1901.AAO
19.11
I
19
MAN
Scioto A Hock. V, Ist, 78....
134i«
Bait. Short L.. Ist, 78, 1900.. JA.I
lOL
Clev. Akron A Col.— lst.6e,1926JAJ
58 1S27
105»s
MAi
, g., 5r,
104
Clev. Ooi..C.
(X A
AI.
I.— let, 7s, '99. MAN
108 >s
Consol. mort., 7e, 1914
JAD
96i«
Cons. 8. F.. 78. 1914
JAJ
94
Gen. con. 69, 1934
JAJ
8J
BeUef. AInd. M., 78, 1899...JAJ
97
Olev. A Pltts.^th M., 63, 1892. JAJ
111%
Consol. 8. P., 7a, 1900
.
M ^.
^03
''a
{97
.
118
ll6>s
118
105
110
107 14
I
I
MAN 126%
—
.
,
IO213
74 Is
"70'8
1061* 107
104
ItO
113<4
97
99
t
....
gold, '89
127
119
128's Cumucrl.Val.— l«tM..88,1904,AAO
Dayton A Mich.— Consol. 58
JAJ I ...
1271, 130
3d mort.. 78. 1888. now 2d. AAO *102
116i» 118
Dayt. A West.- l8t.'«.,68, 1905.J&J 110(1
117
Lid's
1st luort., 78, 1905
JAJ tll5
118
Delaware— Mort., Bs, guar., '95. JAJ 115
102
38
"Hh.
I04i«
105 <•
103
105
123
Del. A
120
121
124
120
Bound B'k— l8t.78,1905FAA 131
Del.Lack.A W.- Couv.78,1892 JAD 107 1« ll0>tt
Mort. 7h. 1907
MAS 132's 138
Deo. AR. G. I8t78,go:d,l!l0 '.MAN
120
"77
78 1«
let coil. 48, l'<3tj
74
Denv.ARio G.W.— lst.6s.l31lM&3 72
do
aHHutited
651s 67 1».
104
113% Denv.S.P.APao.- lst.78.1903 MAN
DeaM.A Ft.I).-Guiir.48. 1905.JA.I
118
let mort g lar.. 2'«8, 1S05 JAJ
102 >s IO314
9^is
97
1st mtu't.. guar 48, ou extension
100 102
Det.AB.C.l8t,8».en.iM.C.19o2.MAN
.
.
A
"ss
50
HO
123%
124
121
Alp.. I8t,69.19l3
JAJ
Dlvieioual, 58, 1930
JAJ
Ala. Cent., Ist, 68, 191^
E. Tenu. V. AGa.R'y.— l8t,58,1936.
1926
tie,
Ala.
-Ist,
East. A W. Ry.,
5s, perpetual
Erie A Pitteb.— '2d, now lat
Cons, mort,, 78, 1S98
Evanev.'l'.H.AChi.— 1st,
103
104
tin
5e,
6e,
78,
1900-01-02
1897
1894
119
S3>»
111
sa
120<*.
MAS
lat mort.. 68, 19'20
1899
110
120
118
91% 96
Elizab.l.ex.A Big 8.— 6a, 1902.MA8
ElmiraA W'mopt— 1st 68,1910.JAJ 119
Fitchljurff- 06,
tl2o
96
Ea9tem,Ma88.— 68, g.,1906. .MAS 1120
Eiiz. City A Nor.— H.F. deb.,68.AAO
AAO
tie,
97 >a
109
JAJ 102
JAJ 112
AAO
Equipment. 78, 1900
Eurt-kaSpr.— !8t, 6s,gold. 19.<3FAA|
1128
Evausv. A Crawl.— lat, 7b, '87. JAJ
Evaus.Alud.— lst,guar.,g.,68,1921
27's
.JA,I
l8t, con., 1926
ma's Evaus.A T.H.,lst cou.,08,192l,JAJ
AAO
131
Mt. Vernon— Ist, bs
1U8>9
78
87
60
84's
JAJ
108'4
10u% 102 >« Det.G.HavenAMil.— Equip.08,1918 !117
100
Con. M.,,5*tlU'84, aftcr6*..191S tll4
II2I4 112% Del. L. A North.— lat. 78, 1907.JAJ tll7
106 106 >s Det. Mnck.A M.— ).d. gr. Hiss. 8. A.
31%
Dub. A Dak.— lat M.. 68. 1919. JAJ
Dub.AS. City— lst.2d Div..'94. JAJ 1121s
92
Dunk. A.V.A P.— l8t,7s.g..l900JAD 110
101
EastPenn.- letM.,78, 1888. .MAS lOOij
138 "s
E.Tenn.Va. A Ga.— let, 78,1900 JAJ 117
Det. B. C.
}
105
107
108
flic's 111
JAJ tiOO
Conn. West.— lafM., '7a, 1900. JAJ
20
Connecting (Phlla.)— let, Os ..MAS 121
Couaol.RR.ol' Vt., Ist, 5s. 1913.JAJ
84
Cor. Cow. A Ant.— Uelj.fs, 'Oi.MAN
Cumb. A Penn.— lHt08.':a
MAS lOli*
g., 6s,
76 <»
96
105
113
t
t
1
M.i88awippl,
irfa
tl09
1103
tl09
C—
tll4
1100
1 98
CliicSt.P.Min.AOm.— Cou. 6a, 1930 117
Ch.8t.P,AMum. l8l,6e,191SMAN 119
North Wise, Ist Os, 1930
JAJ
109
St. PaulA.-i.City. l8t6e,1919.AAO li3
102 "a Chic. ATomah.— 6e
t:i3
102% Chic.A W.Iud.— 3.fd. 6a, 1919 MAN ll>9
General mort.. 68, 1932
Q— !V1 1 12
Chic. A W. MicU. 59, 19il. ...JAD
96 >«
113
Cin. Ham. A Dayt.— Cousol.os AAO t
102
Consol. mort., 78, 1903
AAO tll8»»
101
Consol. mort, 68, 1905
AAO tlO.^ft
loo's
cm. H. A 1., 1st M., 78, 1903.JAJ llOj
103
Oiu. I. St. L, A Chic— Con. 6a. 1920 «103
Istgoldis. 1930
Q—
I
Cin.
Consol. mort., 78, 1890
AAO
,FAA 107
North. Ills., Ist, 58. 1910.. ..MAS
JAJ 99% 9978 Chic.E.I.APac— U3,19l7,coup jAj
7«, couv, 1902, a«8ente<l. ...MAN 112
Exten. Acol.5a. 19.S4
113>a
JAJ
Oan801.M.,78.189U. iisseuted.Q—
Hi's 113
Chic.A8.W..l8t,78,guar.,'99.MAN
OOUT. debcD. Ge, 1908
MAN 113 no's Chic. A St-Louis— l8t63. 1915,MA3
Ann. pk.A Imp. Co., 58,1921 .JAJ 103
Cliic. Santa Fe A Cal. — 1st, 58
l«h.A Wllkc8li.Coal.ino.,'88,MAN
95
Chic.St. L. A P.— let, 58, 1932. AAO
Consol.. 78.gold.l»oo,ae8'(l.Q-M lll9%
Chio. A at. East., let, 7e, 93-'95.
Cent. Ohio— let M.. Os, 1890.. iSas lOa'a 103 >«
Col.Alnd. C.,l8tM..78.1904.JAJ
Owit.Pac.— l8I,68,gold, 1895 .JAJ 116
do
2d M.76,1904.MAN
let, 68, Kolil. Ib96
JAJ 116
Un.A Logansp.,l8t, 7e, 1905.AAO
1st. 6b, gold, 1897
116
J&
J
CIilc. A. L., 1886-'90
an.
A
J«t, be, golil, 18i>8
JAJ 116
Chi. Bt PA K.C.-let, g, 58,19JtiJAJ
C.Joa(|ulu, let M.,68, g.l900.AAO
.Cal. AOregon, lBt,68, g..'8w.JAJ
I '25
Mid.. 1st M.. 8s, 1900.
Peninsula, let, conv.. 73, '98. MAS 120
Chic. A Mil., Ist M., 76, '98. .JAJ 120
MU. A Mad., let, 6s 1905. .M.AS,
('127'
Madison Ext., let, 7s, 1011.
Menominee Ext.,lst,78,191 1 JAD il27
Ott. C. F.
1890
Gcu. mort 5s, 198T
1st, 78.
124
107
debent.. 58,1933.MAN 107
do
93
94
Exten, bds. 48. 1886-1926...FAA
25-yr8, deD. 5e, 1909
MAN 103 >4 103 's
Eacan,AL.8up,, let. 69, 1901.JAJ
Des M.AMinu'8.l8t.79,1907.FAA
Iowa
* Indiannp..
78,'92..JAD till
lOli^
2d M.. 78. 1 8^(7-92
JA.1 tl09'j
Indianapolis C. AI... 7»of '97.. .. tI17
Inrt'anolis A Cin., Ist.Ta.'as.AAO tlOl
65»s
Cin.Jack. iMao.-l»t,ne,1933 JAD
Cin. Laf.ACh.— l8t.78,g..l901.MAS
89
Cin. Leh. A Nor.— Ist m, 5s
JAJ
JAJ 125" 99
128
1910
Chio. A Mil., Ist M..76, 1903.JAJ
let mort., consoL, 78. 1905. .JAJ
1st M., I. & D. Ext., 7e. 1908JAJ
1st M.,6e, S'thwest Div.l909J&J
let M., 5a. La C. A Dav.l91SJA.I
Wis. AMinu. Div.. Sa. 192 1. ..JAJ
:00
13
JAJ
JAJ
JAJ
1899. JAJ
A Dak., Ist M.. 79,
Hast. A Dak., Ist M..7e, 1910.JAJ
104<«
105
'99.J<<I^
1902
I'a.
116
100
100
AAO
C. Ist M., 78,1893
AM.. Ist M., 73.1897
La.
113
Canada So.— l8lM.,guar.,1908,JAJ 105 ice
2d mort., 5s, 1913
MAS 91% 921*
Cape Fear AYad.Vul.,lst,ee,ll»16
97
98
Carolina Cent.— l8t,6s,g.,1920. J AJ 100
Cent. Br. U. Pac. Ists. 68, '95
....
A Gr. Trunk— Ist mort., 1900
Ch.A [ud.Coal R'y.lst 5a, 193d JAJ
Cliic. A Mich. L. S. l8t 83, 1889....
Ohio. Mil. A St. Paul—
P. du C. Div., Ist, 8s, 1898. FAA
P. D., 2d M., 7 3-108, 1898.. FAA
JAJ
. . .
1934
110
Clev.AM. Val.— lat, 7a. g., '93. FAA
116
Colorado Mid.— Ist, 68. 1936.. JAD
100 'j Columbia A Gr.— lat, 68, 1916. JAJ
90
2d mort., 68. 1926
AAO
113
Ool. A i.ln. Mid.— 1st. 88, IBlt.JAl
117% Col. H. Val. A T.-Con.5a,193l .MAS
luSi loo's
Gen. He gold. 1904
JjiD
102'8 103
Col.AHook.V.— l9tM..7s.'97.AAO
tl24% ]2>
do
2d M., 78. 1892. JAJ
tl05'4 105%
Col. A Toledo 1 st mort. bonds
1121% 122'4
do
2d mort
102 103
OhioAW.Va..l3t,8.f..7e,i!>iOMAN
It0%ll01
Col. Spriugf. A
lat, 78,1901.MA8
20
Col. A Roine.- 8t. 63. gu.Ccnt. G*.
92'2 93
C0I.& Weat.— let, 6«.guar Cent. Ga.
JO'S 52
Col. A Xenia— 1st M.. 7s,13i'0.MAS
113
Conn. APa».iump.— M.,78,'93.AAO
Chic.
Camden A Atl.— 1st, 7e, g.,'93..JAJ
2d, inc., 68, 1915
AAO
8d, inc., 68, 1910
Catawlssa^Mort., 78, 1900.. ..FAA
Cedar F. AMin.— Ist, 78, 1907. JAJ
Cedar R. & Mo.— Ist. 7s, '91
FAA tl05
.1st mort., 7s, 1916
MAN 130
2d mort., 78, 1909, quar
JAL 116
Nor.- 58, 1926
let, con.. 6«. gold,
9714
AAO
A
Ill's
Income 6s
117
Chio. A East III.— l8t mort. 6s, 1907
65
Income bonds, 1907
.JAJ 100
8dM..6s, g.,endC. Pao.. '91. JAJ 100
8d M. (guar. C. P.), 68, 1905. JAJ 103
do
50
3s, 1905. JAJ
„ do
Cal.So.— l8t6s(Atoh. guar). .JAJ 111 lllk
Income 6e, 19^6
MAS b4ia 84%
2dnQort., 68, 1904
Cons. 6e, 1911
A Neb,— l8t, 78,1907 MAS
JAD
Debeur. 68. 1896
Ohio. A Can. 80.— let, 73, 1902 AAC
Chic Kan. A West'n.- let, 58, 1926
MAS
1ft, 7e, 19(»9
let,
Atoh'n
Chio. Burl.
97>fl
tr.,
O. Kap.I.F.A N.,l6t,6a,1920.AAO
do
liois
108
101
105 107
tllO>s 111
Ill's 112
Bradford Bord. & K.— Ist, 68, 1932
Bradf.Eld.A Cuba— lst.6s,1932JAJ
Brooklyn Ele.— let. 68, 1923. .A&O
2d niortg, 3-5a, 1915
JAJ 83
Bufl. Brad.* P.— Gen.M.7s,'96.J AJ
98
Buft.N.y.&Eri6— Ist. 78. 1916.JAD 133
Bafl.N.Y.A Ph.— l8t,6s,g.,1921.JAJ
40
inttB.Titusv.&B.- 7s,1896FAA
Oil Creek, l8tM., 68, 1912. AAO
Union A Titusv., l8t,78,'90.J&J
24
WarrenA Fr'kin,l8t,78,'9tiFAA 106
Bufl.&Southweet.- 68, 1908.. J.AJ
90
Bur. C. K.<s^.— l8t,5s,uew,'06.JAl lOlij
A
II
ni. Grand Tr., Ist, 88, '90.., AAO
Dixon Peo.AH.. Ist, 8.S.1389. JAJ
Ott. 03W. A Fox K., 8e. 1900. JAJ
QuincyA Wars'w, Ist, 88. '90.JAJ
Bailroad Bonds.
Ask.
Bid.
f
JAJ
1913 MAS
XLV.
AND BONDS— OoNTiNtJED.
RJOLKOAD BONDS.
Ask.
[Vol.
of Plrat Page of qnotatlona.
.MAN
Bost.AReTereB'h— l8t,68.'97.JA.T tll3
Minn.
Hcaa
Cbea. A Ohio— Pur. money M.,1898 106
AAO
Series A, 1908
fll9 121
MAN C8
tll3>s 115
6s, gold, aeries B.
04 't
1986
48,
113%
Extended
nisH
15%
118
tll7
6s, currency, int. def.. 1918. .JAJ
AAO.
1U2
102>s
6e 1911
'93. .JAJ U5
tll2 115
Chio*. & Alton— Ist M., 78,
H9>s 120I4 Sterling mort., 68, g., 1903. .JAJ !123
12314
97 100
Ids. Kan. C. ltne,6s.g..l90.S.MAN
Mlsa.KlT.Bridge. lst.,B.f.,6s.l912 105 Is
S2%
•26'4
Louls'aA Mo.B.,lst,78,1900FAA 119
2d, 78. 1900 MAN
100 <«
!«4
do
113
23
25
8t.L. Jacks'v.A C, l9t.78,'94.AAO
1131a
guar.(564).78.'94AA0
40
30
do let
li3'«
100 >s
do 2dM. (360>.7e, 'gS.-JAJ
104
do 2dguar.(188)78.'98.J&J 113'a
80
102 ioi' Chlc.A Atlantic— Ist. 69,1920.MAN
FAA 30
111
:io9
2d. Os, 1923
1.1 2 1«
1109 111
Cliio. B. A Q.-Cons., 78, 1903.JJJ
3&D tl00%
118
tiie
Bonds. 58, 1893
..AAO 1105
;i20 122
5b 1901
10313
MAN
1913
122
5s! debenture,
AAO tl08'<
123
Iowa Dtv. 58, 1919
91
AAOl
1919
125
Iowa Div., 4a,
FAA 93
80>ji
48. I>enver Div., 1922
87
1921
MAS
108
bonds.
48 plain
MAN 94
i20"
Neb. Ext.. 48, 1927
tlll'«
M.,
78,'03.AAO
lOOig
I'd
Bur. A Mo, B.,
Conv. 8s.'94 Ber.JAJ t
tllO>a 110%
do
Bnr.AMo.(Neb.),l8t.6s,1918.JAJ tll5%
fUl»» ir2«a
tl00l4 1001$
do Cone. Os. nou.ex..JAJ tlOU
10til4
flOB
do 48, (Neb.), 1910... JAJ 89
tlU2>s 103
do lSreb.RE,l8t,78,'96AA0 till
do Om.A S.W..l8t,8s.JAD tll7'4
Boston A Lowell— 78, '92
AAO
68, 1896
JAJ
Cs, 1899
JAJ
4s, 1905
MAS
4>«8, 1903
MAN
Boston AMalne—7s, 1893
JAJ
7s, 1S94
JAJ
B»8t. A Providence— 78, 1893. JAJ
Cons.let Acol.
at
.
.
100
lOu
1031s
1171s 120
g.MAS 100
AAO tl03 103 1«.
AAO 110319 loa
AAO 110914' 110
AAO fH2 114
6a, 1920. AAO 11714 119
Flint A P. Marq.— M.
Ft. MiidiaourfiN. W., let 7s,
g., 1905
79IA
Ist, 6«, 1921
78
B^.Woith A Deuv.
Frem't Elk'uA Mo.V.— Oe. IH33AAO lUTlt 118
110
UiistaioiHrd.. tll4
do
do
G.H.A8auAnt.—l8t,6a.g. 1910. FAA lOi
100
108
JaU
2d mort.. 7s, 1903
93>«
MAS
iVa'
West. Div. Isi, 58, 1931
do
2d, 6.S, ly31...JAJ
AaO 67 78
Gal.Hoiis.A Hen.— l8t,58
JA.I
117
Georgia— 78, 1883-90
JAJ 102 104
68, 1-89
116
Georgia Paclflc-lst, 6s, 1922. JAJ 107 4 108
31
50
luO
2d iuort
103
Qr.Kap. A Ind,— Ist.l.g., g'd, 7s, g. UlS
119ij)
Ist M., 78, l.g., gold, not giuir.AAU tlla
11213
tlOO
Ex land gruut. l»t 7s, '99..
M.XS
Consol 5«, l!t24
110
99>s 100
99
Or.B'y W. ASt.P.- l»l,68, 191 l.F. AA
38
81
2d, incomes, 1911
In London,
C—
||
Coupon
od.
Mu Au.»terd»m.
M
AJ
Dkoembkr
AAJJ
THE CHRONKJLF.
1887.1
8,
%
J
736
gJJL'AriL).>rd off SrjJtS A..>IU BJ.VDJ— OosinMOBO.
Por 8<plaiiatlon« S«e I«o(«« •! ftsad of Vlrat Pat* of Qnotatlaaa,
(ia.Vlfiit.VLi
Baiuioad Bokdb.
&
Oult
Bid.
Fe— l8t, 78,1900 J*J 120
Col.
2<1, Oh, KolO. 19'23
8.
Ban. A t*t. Jo.- Con.
enrrls. V. Mt.
Hart.
&
J.
&
6», 1911..
I..— lBr,4«..
ronn. Wuat.— ."M
A40
MAS
llx
IHI» lOS
1903 98
Ho'Bt.K. Jt W. Tex.— l8l,7»,'98. M A N
2d. 68, 1913
J*J
B.A Tcx.Cen— l8t ni.,7B,jrunr.l801
West. Ul v., l8t, 7», K., 1891 I AJ MA
Waoo A N. W., 1 8t, 7s. K., 1903. J A J 113
. .
AAO
AAO
Cons, niort.. Ho. 1912
Geu. iiiort. 68, 1921
*
100
2d
iDort., "8, g.,
(lUnoi8C(-iit.-lRtClil.A8pr.'98JAJ
l8t, EOM. In, 19.51
Gold, 3Hh, lO.M
Middle Dlv. reft. 58, 1921.
JAJ
JAJ
FAA
BterlliiK. 8. F.. 58,
1903.. AAO
Bterllnit, icou. M.,68,
1895.AAO
Bterllnif. 58. 1905
JAU
OhloSt.AN 0.-l«t ODD. 7s, 1897
2d, 68. 1907
JAU
Ten. lien, 78, 1897
MAN
68, 1951, gold
JAD
tnd. m. A W.— l8t, pf.,78, 1900J.W
.
(?.,
fr.,
l«t uiort., 5-6, 1909. Tr. rec.AAO
ad luort., .S-6. 1909, Tr. reo.AAO
Incomtt, 1921
Ea8t.Div., 68,192 l.Tr. reo. JAD
.
.
Ind.Deo. A8p.— Ist, 78, 1906. AAO
2d niort., os, 1911
JjJ
2d, Income, 1906, Pr Co. oert.JAJ
New
Ist iiort. 68, riiiiiled
Ind'polU A 8t.L.— lst,78, 1919. Var.
tnd'»i>olle& Vln.— let,78,1908.FAA
2d
niorr.. 6b. g., /fuar.,
1900.M&N
Int,.AOt.Nnrfl..— ut.69.1919.MAN
Ooap.
66,
1009
MiStS
lOtUHO^ LdluHllig— lat 88, '89. ..JiltJ
Iowa CltyA WeBt.— 1 8t,7«.I909M*f<
I'aFaUs A 8.
Ist, 78,1917. AAO
Jefferson— istmori., 78, 1HH9.JAJ
C—
^f«mphl8
A
Bock— l«t,
Bid.
1907
m7
Mdraph.A Ch»rl.-lBt,7», 1015.JAJ
119>«
2(1 mort., 78, oxteujcd
JAJ
110
l»t eonsol. 7b, 1915
JAJ
l8t.eonfl..Tenn. lien, 78,1915 JAJ
aoM.Oa. 1924
JAJ
Mitrop'n Kiev.— lBt,6», 1908. J A.I
116
M6a. 1899
MAN
Mexican Cent Ist, 7a, 1911. .JAJ
115>n
Healed 4b, 1911
JAJ
Bond
70
L.
fl*.
scrip
67
JAJ
101
100
I
H6%
102
.'94
90
101
il5
101 "i
105
106
77
67
,
I
1
I
m
.
;
no
late iraasaotloos.
107
78
67 14
10J4 106
10^ 10^%
ll2>a
10l>i 104 la
9J>s 96
2d 6* (soaled to 3i)
N. Y. K. il.
R.lat r. 4a,1903.J*b
N. Y.Ont.A W.. -l«t,ir., 8a. 1914M**
'110
111
•
M
MIdI'd of N. J.-lst,«s,1910. AAO
N. Y. Wood.A Bock , 2d Inc. 1912..
Norfk AW.— Uen'l M.,6«,1931
Sew Elver let 6a, 1932
AAO
Impr. A Exten., 6a. 1934.. ..FA
AiUuHtini-nt 78, 1924
Q,— M.
10»%
MAN
Conv.
JAJ
1894
d(^b., 68.
Norfk APetersh.,2d,8s.
111
99
100
86
116
'93. JAJ
do
2dM.,ext.^-6*,'8S-190o
do
3d M.. 6b, •96-l900J(W
Va.ATenn., 4th M.,8s, 1900.JAJ
do
extended 5b,1900.JAJ
North Carolina— M.. 8i, 1888.MAN
North Ponn.— lst,78. 1896.. ..MAN
Gen. mort., 78,1903
JAJ
New loan, 68, reg., 1906
MAS
Northeast.^-C— IBt M.,8s,'99,MA8
2d mort., 8s, 1899
MA."
1U5
lot
103
1164
130
120
9<^
50
42
24 ii
iti
127
108
102
119
111
110
113
MAN 103H
6s, 1919
Qen'l 1. g., 1st, 68. 1921
JAJ 116>« 116%
Oen. land irr.,2d, 6s, 1933.. .AAO 100 101
Dividend scrip
JAJ 103
James RIv. Val.— •.st,g.,tf8,'36JAJ 103
Spokane A Pal.,l8t 68, 1936..MAN
Pt.P.ANor.Pac. gen.69.1923.FAA 117's 113
HelenaA RedMt.l6t.6<.1937MA8 103
Dul. A Man.. Ist. Ba. 19.16... JAJ 103 <«
Mo. Div.
38
Income, 3b A 6b1920
Ohio Cen.— Rlv. Div., 1st, 68.. 1922
Income, 6s, 1922, Tr. rec...
Ohio A Miss.- Cons.,8.fd.7«,'98 J.kJ
lat mort.. Springf.Dlv., 1905
RR—
105
115
102
106
09
42
116
JAJ 116
2d mort., 7s, 1911
Istgen, 58, 1932
18
133
Vii"
3d mort., 68,1900
AAO
Con. mort., 68, g, coup., 1900.JAJ 118
Mort. bds., 68, 1926, series A JAJ
aeries B
do
Con. mort, stg. 6b, g., 1904... JAJ ,110
Northern, N.J.— 1st M., 6b, '88. JAJ • 100
North. Pac, P. D'O Dlv.—es,M.k8. lOJ
Cons, mort., 78, '98
20
idS"
13«
10«
105
117>« 118%
lOJSi 106
Northern, Cal.— 1st. 6s, 1907. .J(kJ
Northern Cent.— 4 's per cent..JA.I
1
:96
87
117
1U3
1106
Hel. B. Val. A B.,l8t,6s.I937.MAS 10l>s
Drum. A Pet., Ist, r>», 19)7. .J.sD
North. Pac. Ter. Co. -lBr,6H.'33.JAJ lu3
103>«
NorWhAWore'r— Ist M.. 68.'97.J& 113
Ogd'nsb'gAUCh.- l8tM.6s,'97,JA.I tioo
117
Slnkina fund, 8a, 1890
MA-- 104
IO2I4
AAO OS's
Consol. ,68, 1920
95%
104
1021* 10S>a
Bo. Side, Va., ext. A-6-88,'88-1900
110
AAO
JAD
MAN
118
112
87
981a
Ohio River
1st. 58, 1936.JAD
loo's Obu) Southern— Isl 6s, 1921 .JAD lOi
103 la
7u'«
83 >« 83%
2d income, 6s, 1921
tod's
FAA 1112 11'.^
Old Colony— 6a, 1897
. .
>
121
139
108 >t
116
1^2>s
132
106
129
lu7
108
10/
B. C. F.
AN.
JAD
Consol. 58, 1919
iViJ'
104 '«
IdM
13.
>s
109
l.i4
ti22
1023» 103
81% S5%
lle)>2
•to
63
63
119
34
10
130
1-26
106
lOs
118
111
103
ll3
117
Penn. Co.,
vi'i
lui
120
107
109>s'112
. .
TpH^ohaaer also para aoorued IntewaU
11">
t
11-22
)lb3
68, reg.,
1907.. ..Q.—
Pen8a<H>la A Atlantic- 1st m..FAA
Peo. Deo. A Ev.— lat. «s, 1920. J^kJ
Ii4<a
103
105
lOS
114
77 >*
100
106
91'a
1"5~
101
183
123
114
93
112
71
2d mortgage, 58, 1927
Evansville Dlv., Ist 6a,1920.MAa
Peo.A Pekln Un.— l8t.68.1921.Q-F 110
Q-F
2amort.4'«8, 1921
Perklomen— iBt M., 68, 1887. .AAO 103
Cons, mort., 6s, 1913, sterling ...
Petersburg -Class A, 1926 ... JJAJ
ActO
Class B, 19'.'6
Phila. A Erie— Ist M.,78, 1888. JAJ
no's
107
lstM.,4'sa. 1921.JAJ 106
do
Penij,A N.Y.Can.- lat. 78, '96. JAD 116
JAD
Ist mort., 78, 1906
1>6
104
106
73
i06%
109
104 's
137
Gen. il.. guar., 6s, g., 19'20. .JdU :i25
AAO 111
Consol. 5a. 1920
BonouryABrie. lstM.,7s.'97.AckO
Phlia A Road'g— lat, 6s, 1910.JAJ
i'i25i
A*(.' 111
2d, 78, '93
Debeuture
13i
96's
103 Is
t
Sinking fund sub., 68, 1910. MAN
Subsidy bonds, Eng. l88ae, 68.... !99
130
Penn.RIt.-<ien.M,68,op.,1910<i—
tf-M
Cons, mort., 68, 1905
C^Uateral trust, 4>s8, 1913. .JAU
1U5
101
loin's
69
bO
I
B., 88,
Osw.ARomo— l8tM.,78, 1915.MAN
Panama— Sterl'g M.. 78. g. '97. AAO
lOo
VllO
1110
1114
105
103
1910.. Ja^l nod's
1112
N. Bedford RK., 7b, 1894 ..J.fU
OmahaASt.L.— laf, 48, 1937. .JAJ 76%
Orange Brit— 1st mort., 68, 1907...
JAJ iloi"
Ores. A Cal.— lat 68, 1921
2d mort., 78
90
Oreson A Transcont.—6s,1922.M AN
Bost.C.AFItchb.,lat,7a.'89-90JAJ
liO't
Ida's
101
100
104
96
JAD
MAS
AAO
6a, 1895
78. 1894
4'8», 1904
130
1U9
104'* 106
)
.
1*1
JAJ 117
68
Leased L. rental tnut, par deb. 4* 87
89
22
63
West. «xt. oertlfi,a«, 1876.. JAJ
97 >(
63
do
do
7«, guar. Erie
04
jr.T. Phil. A Nor.— l«t, 1§33 ..JAJ 101>«
42
Income, 6b. 1933
AAO 30 46
93
N.Y.Suaq. A W.-Dob. 6«, '97.?*
124%
01
1st refund., 5b, 1937
lAJ
04
2(1 mort., 4iss, 1937
FAA 7J'i 78%
AAO
PaoiP.O Kxt., Ist, 68, 1921..
.
uumiiul
ISO
KAA
FAA
Ut M., 6s, 1906
3dm.,ef, 1902.
A
AAO
Debenture lOs, 1800^9
Scrip 108. 1889
JA.l
Mad.A Ind.- l8t, 78,1900.AAO
Imp. AE(iulp. 6«, 1922
admort., 78, 1910
Mlon'p. A Pac, l^t, 58. 1936 JAI
JAJ nib
Junction (Phil.)— l8t.4<flB 1907 JAJ
M nn.ci.Sre. M. A Atl.-l8t,5a,1926
70
60
Jtanawha A O.— Ist OS lH.i6 JAJ
Minn. A N. W.— Ist, 58, 19J4..JA.
99
Kan.C. CIlui'u ASiiriuiBeld— la,5^
Miss.A Tenn.— lat M., 88, series "A
11519
K.C.Ft.SeottAQ.— l8t,78,1908JAD 1115
88, series "B"
JA
118
Pleas. Hill A Do 8oto, 1st, 7m, 1907 1115
Mo. K. A T. - Cons. 78., 1904-6. FA A
Kansas C. Lawr.&So. Ist. 6.x. inonj H-l'ii lio
Consolidated Ob. 1920
JAD
90>4 90%
Kan. CM. A B. 1st. '8. Ii)i7 Mi'^
Con.solldated .58, 1920
JAD
K.C.8t.Jo.-!.AC.B.— M.7».llt07. J.-k-ll' no's 120
2d mort., income, %, 1911. .AAO
K.C.8pr.AMeiu.— )8t.ti8,192a..MAN 110% HI
Ist, 68. K., 1899. (U. P. S. Br.)JAJ
72l«
Ken. Cent. Ky.— Gold 48, lOST.J^tJ
Han. A C. Mo.. Ist 7s. k.,'90.MAN
KeokukADes M.- -Ist.SB.Kuar. AAO lOi 109
Mo.Pac— Ist mort.,68,Kld,'88, FAA
»i
91
Knoxv. A Ohio Ist. 6b. I92.^...JA.I
Consol. 68, 1920
MAN
Lake E.A West.— l8t,g.,5B,1937JAJ 103 « I0339
JAJ
2d mort., 7s, 1891
L*Ke Hhore a Mich. 8o.—
Car. B., 1st mort., «8, «r. '93.. AAO
(a. P. AAsh.,now78, 1892. .AAO 109 «
BdmortKaKe, 78, 1906. ......MAN
Ban. A E., new bds, M.,7s,'98.AA<) 118
Verd.V.Inrl.AW.,l9t,5B, 1926 MAS
Buff. A State L., 7s, 1886.... J&.I
Leroy A C. Val., l9i,5s.l926.JAJ
Det.Mou.A Tol.,lBt, 78,1906. FAA 120 >«
Mobile A Blrm.— lbt,58, 1937...
Kalamazoo Al.iSOr.R., Ist, 8».JAJ
Mobile A Oiiio.—
Kal.A Wh. Pi>reon.l8t.78.'90..JAJ 105
iBt pref. debentures
Dividend bonds, 78. 1899... AAO 118
2d pref. debentures
L.S.AM. 8.. cons., op., l8t,78.JAJ 12'i l20>«
3d pref. debentures
124 12a
do oons.,reg.,l8t,78,1900.Q—
4th pref. debentures
JAD
do oi/ns., cp..2d,7e, lnu3..J&D 120 12U3i
New mortKage, 6s, 1927
do con8.,re»r.,2rt. 78.1903. JAD ll;*"* 12u%
Collateral trust 68, 1892 ....JAJ
(i—
MahonlugCoal KR. Ist. .";« J&I lol
Ist extension 6a, 1927
I«wrence— Ist mort.. 78, 1895. FAA
8t.L.A Cairo— la, ituar.. 1931.JJtJ
LehiRh Val.— l8t,68.coup.,'98.JAD 118
Mori{'n'8La.ATex.,l8t,68,1920JAJ
AAO
2d mort., 78, 1910
iBtmort., 78, 1918
MAS 136 lo7
Gen. M., s. f., 6«, k., 1923. ...JAD 132
Morris A Essex— 1st, 78, 1914 MAN
111
1891
FAA
L. Miami— Renewal 58,1:112. .MAN 110
mort,
78,
2d
JAJ
l,.RocKAFt.S.— lat.l.tfr.,7»'9.5.J.k.I 109 111
Bonds, 78, 1900
AAO
118H
l/0n(? Island— 1st a..78. 1898.MAN
General mort., 7a, 1901
JAD
iBt consul. 5b, 1931
Consol. mort., 7a, 1915
Q— 110 112
Sewtown A Fl., Ist, 78, 1891
Nashua A LoweIl-«8, g., '93-FAA
H. Y.A Man. Beach, lat78.'97,JA,I
.58, 1900
N. Y. B. A .M. B..li,t eon. 5a. lMf>
Nashv.Ch.ABt.L.- l8t,7s,1913JAJ
115
JAJ
lon'T.C.A Lex.— let,78,'97 JAJ (ex) 114
2d mort., 6s, 1901
2d mort.. 78. 1907
Nash V. A Decatur— l8t,78,1900.JAJ
AAO 117 lis
101% 1U2
Lou'v.ET.ASt.L— let 68.1926. A&
Natcli.;z Jack. A Col.— Ist, 7a, 1910
5d
2d mort.. 2-6B, 1!M6
New'k3'8otAS.— Ist. 7s, g.,'89.MAN
AAO 5Z% 119
'8 N'burjfhAN.Y.- l8t M. 78,188S.JAJ
liOuls. A Nash.- Cone. 1st, 79, 18!>>;. ll9
110
106
CeclUan Br., 78, 1907
N. J. Junction. Ist, 48, 1988. .FAA
MA8
Leb.-KnoxT. 68, 1931
New Jersey A N. Y.— I9t mort ....
.Ma-8
.rjii's
louls. Cin. A Lex., (is. 1931. MAX
N. J.Soutliern- 1st M.,new 68. JAJ
123
Hem.A 0.,8tl., .M..78, ){.,1901JA1) !l21 1.7
N. O A Uiilf.— ist. 0», 1926. .MA.V
N.O. A Norihoait. — Prior I. tie. 1915
M.*CIarksv..8t'K.6s.>t.,1902 FAA iij
H. O. A Mobile. IhI 6s, 1930. JAJ lu8% 10
N.Y ACaa.-£M..68,g..l904.MAN
Hi
96
do
2f,6M, liiSO ..JAJ
N. Y. Cent. A Hud. K.— Ex.58.MAN
JAJ
Pensacola Dlv.,l8t,68,1920..MA.'( luO
Mort., 78, coup., 1903
1U9
lu8
MAS
Debenture .')S. 1901
at Louis Dlv.. Ist, t>«, 1921.. MA8
56
Bterlinitmort., 68, (f., 1903. .JAJ
do
2(1., 38, 1980. MAS
New York Central—68, 1887. JAD
Haah. A Deo.. l8t 7s, 1900.. .JotJ 119
E. H. AN.,]8t68, 1919
N.Y.Chlo.A 8t.L.-New l8t.ls.lH37
J.UD 112
lOBig
N.Y.CltyANo.— Oen'l,6s,'10,Tr.rco
Oho 1 mort., 68. 1930
JAD
Assented
Bo.ANo.Ala., 8. F. Us, 1910 AAO H>5% 106
i07
Ttwi bonds. 68. 1922
N. Y. Elevated.— Ist M.. 1906. JAJ
Q— IL'SH
Ten-forty 6a. 1921
N. Y. A Oreeuw'd Ij.— Ist M. inc. 68
MAN 100
2d niortga i{e income
60-year (jold. fs. 1937
MAN 99H
91
N.Y.AHai-Iem- 7h,coup.,1900.MAN
Peusa. A Ail.— lBt,*)S,gu,'21.Fj>N.Y. Laok.A W.— l8t,d», 1921. JAJ
L^v.N.A.AChlc- lMt,l)B,1910. JA.I "92" 116
9',£''8
FAA
2nd, 5a. guar. 1928
Gee. n-ori. Bs, 1916
AAO
80
N. Y. Lake Erie A We8t«ira
I<o'l8V.N.O.ATex.-l8t,48,19blMA'*
MAN
7.'", lf!97, met
40
m'irt
iBt
2dmort.,;s,l 31
MAS
2d mort. exten., 5s, 1910 ...MAS
MameCont.— Mon. 78, 1898. ..J.mj 116 118
.MAS
110
3d mort. ex. 4 >a«, 1923
Kxten. bonds, Os, g., 1900.. .AAo ,10-!
4th mort., ext., 58, 1920.. ..AAO
Oons. 78,1912
AAO ,U7 130
JAD
106
6th mort., 78, 1888
fcadrosoog.A Ken., 68
MAS
112
lat oons. M., 78, g.,1920
lieeds A Fariu'Kt'n, 68, 18g6.JAJ (110
JAD
112
New 2d cons. 68, 1969
Port). A K.,C(Mis. M., 6s, 'j&.AAO 1 10
MA.N
Collateral Tr. 6s,19'22
Debenture, 68. lo-jo
FAA U)\ 106
JAD
Fund. 58, 1969
Hau.Keae.'i Imp .ltui..7R. 9(i9..M.t~
istooni.fundcoup.,78,1920M.M
»5
Marietta Min. - Ist, Ha, 191' ^lAN
Ist
lion. 0«, 1908
Keorgiiuizat'u
iOaia
110
Maiq'tte ilo.& O.— Mar.o 0..8a, 'HZ
10
Gold luouiue bonds, 6a, 1977
10 J
«tB, 1908
98'*
Lone Dock mort., 78, 1893.. JAD
6a, 1923 (extension)
JAD 98
A.VO
con. t. 6a. 1 9 11
(lo
"i
JAD 97
8a, 1925 (Vfjtrv A Wp»t.)..
*Priatt
BM.
1W%
116% M,Y.Pa.AO.-lst, lna.,aM.7«,1905
105>«
do
prior Uen,lnojM).,6-<)s,'96 I0«
7:i
74
2d mort. loo
8
OT, us
8
3d mort. lofl
Jell.
.
Bailroao BomM.
ff.T.A.N.Bng.-lit M., 7(, 19O0JAJ
io:ii^
21
lnoom(W, 1911
A«k
102
135
96 >«
93 >s
88
Vnxlcnn Nat.- 1 at, fia, 1912 ..AAO
90
lltf
Speyer A Oo.'b reit.,2d. InB'. pd..
109
124
MlcU. Cent.—Con8ol.,7», 1902. MAN
05
9i
Cod 80I. 58, 1902
MAN lOU
112
iBt M. on Air Line, 88, 1890.J,b.l 104 >s 105
109
:lo7
Air Line, Ist M., 58, guar.. MAN lOiS 104
tuo 112
68, 1909
MAS
111
!IO0
5s, coup., 1931
MA8 105 >9 106
120
KalaiuazooA8.n..l8t.88,'90.MAN lul>i 103
lib
J.L.&8a«.North Kxt.,88,'90.MAN
.23
do
Cona.lstM.,88,'91.MAS lOrtV, loS
lie's
113
do
68.1891
MAS lU4ii 106%
110
Jollet A N.Ind..lBt.7B (guar.M.C.) 118
90
Mich. A Ohlo-lflt. 68, 1923 ..MAN
-/5
98 101
77
Mldd. Un. A Wat. Oap— lat mort.
73
78
21
ad mort. f<». quiir. H.Y. S. A W..
93
9o
Mil. 1 aKe Shore A Western—
103
1«
l|:«i
iBt mort.. 68. 1921
MAN 120
Conv. dPb. 68. 1907
FAA 94 96
35
Ml.h. Div., iBt. 6a, 1924
JAJ 115
Ashland Dlv., Ist Os, 1925.. MAS 116 117
101
1112
l8t. Incomes
103
120
lis
St. P. E. AOr. rr'k, Ist, KUar., 6s.
1U3
JAD 110 112
Mil. A No.— ist. 69.1910..
1U5
109
107
Ist. 6s. on extension 1913. .JAD 104
130
791, 81
Bilnn'n. A St. L.— iBt M., 1927. JAD
UOJis lua
iBt M., Iowa atyA W., 1909. J AD
lOv
2a luort., 78, ISHl
JAJ
130
Southwest. Ext., lBt,78,1910. J AD
Br.Top-l«t,78, '90..AAO 106
189S
KAA 113
OODB. 3(1 M. 58. 1895
AAO
Hnnt.
Railboad Bohm.
Art.
121
6s,
75
J*J
1893
Cou»ol..\I.,7s.l911.reg.4cp.J*D i'so
JAD lie
Consol. mort.. 6s, 1911
Iinproveuieut mort.,6», '97.AftO toy's
JAJ 10^%
Uon'lmurt.,6s, 190-J
JAJ 1I0>«
Uen'l mort., 7s, 190*
JAJ 76
Convertible, 78, 1893
MAN 103
Cons. 5s, lat aeries
FAA
Cons. Ss, 'id series
Coiiv.
In LonOoa.
artl.
I
JAJ
(MTto
Coupon
ot
e.
SO
In Franklort.
I30«t
117
lOS
.-...
7d>s
—
F
.
THE CHRONICLE.
736
xlv.
[Tm..
AND BONDS—Continued.
GENERAL QUOTATIONS OFat STOCKS
Head of First Paste of Qaotattona.
For Biplanatlon* See Notes
Bid.
BAn-BOAO BONDS.
Bid.
BAIUtOAD STOCKS
Ask.
112
4 New
Orlean8-l8t,7a.F&A
II
J^
. -
,
.
.
t
1
.
.
BAiutoAD Stocks.
Ask.
116
Phlla. * Eeadirg— (rontlnued.)—
Sabine Dlv., Ist, 6s, 1912. ..M&S lOOis 102
100
Bcrip for 6 deferred •« ooupoM .. J90
-l8tM..68,g.,1905.M&8 107
23
21
Tei.&Pac
Deferred income... •--•-•"-•-vv;
98
99
85>«
Cons. M.,68, g. 1905.tr. rec. J&D.
85
Income mort., cons. 7s, '96, J4U 62
48
491s
Inc. and land gr., reg., 1915. July
Coa]& I.. ?na''-.7B.'92.ex-cp.MA8 102 104
66 14
65
Trust
rec.
EioGr. Dlv., 68, 1930,
PbUa. Wll. *Balt.-68, 1892. .A&O 1104 107
60
63
68,1905.tr.reo. A&O.
Gen.M.&ter.
A&O
6s, 1900
75
1920.J&J
J*D 1103 103»« N.O.P.ic. lnt,68,gold,
68,1910
891s
101>4 Tol.A.Ar.&N.M.— lst.68,1924.M&N
J*J
Trust certs., 4s, 1921
i'o'i'
102>s
Tol.A.A. & Gr.T., 1 et,68,1921.J&J
981s 100
Pine Creek- 68, 1»32....- -•J&D 118
94!lt
94
gu.l935
1st,
58,
Cent.—
Tol.
&
Ohio
900.FAA
Plttsb.C.A 8t.l..-l St. 78, 1
75
107
Tol.Peoria&W.— l8t.7s.l917,tr.reo.
PlUsb.Cl.A Tol.-lPt, 68, 1922. A&O 120 121
911s
8t.L.&K.C.,l8t,6s,1916...J&D
Tol.
PJttsb.&Con'Usv.— l8tM.7s,'98.J.W
130
(128
United Co sN.J.— Con8.,6s,'94.A&0 113
SterliDf? cons. M. 68,fj-,K'iar.J&J
F&A 103
14iia
gen. 4s, 1923
do
Pltt8b.Ft.W. &C.-lBt,78,1912y8r
M&8 tios 110
13»>4
Sterling mort., 68, 1894
2d mort., 7b, 1912
M&S tll7 122
68,1901
130
clo
8d mort., 7s, 1912
104
,-VoiM9
'89.M&N
Cam. & Amb.,mort., 68.
Plttsb. McK.A Y.-lst.68,1932.J&J
g.,1896.
J&J
1144t
6s,
75
Paclflc-l8t,
Union
.74
Plttsb. & West.— iBt, 4b. 1017. J&J
114^ llSig
J4J
1st, 6s, 1897
Portl'nd&Ogb'g— l8t6s,g.,1900J&J
J&J
1151s
1161s
105
1898
1st,
68,
Port Koyal & Aug.— 1 st, 6s, '99. JAJ
J&-1 116
1171s
Ist, 68, 1899
J&J 40
Incomeniort.. 6b, 1899
102
A40
1887-9
142
139
Grant,
78,
Land
Ben.A8'toga—l St 78,1921 con.M&N
M4S 113%
68>« 60
Sink. P., 8s, 1893
Blch'd & AUegb— 1st, 7s, trust reo.
O n. Bridge, sterl. 88, g., '96.AAO 120 125
M&N
2d mort., 6s, 1916
J&J 1061s
Collateral trust, 68, 1908
Blch'd &Danv.— Con..68,'90.-M&N 111
113
J&D
Collateral trust, 58, 1907
J&J
General mort., 6s, 1915
1C9
Kans. Pac., Ist, 6s, 1895. ...FAA IK %
A&O
Debenture, 68, 1927
JAD 108%
85
do iBt M., 68, 1896
A&O
Con. geld. ,".8,1936
MAN H4
100
do Denv. Div., 6b
AA-<
Piedmont Br., 8s, 1 888
101
MAN
cons.
M.,6s,1919
do
1st
Bloh.l'~red.& Pot.-M.78, '81-90J&J
991s 100
Oregon 8hort-L., 68, 1922 .. FAA
Klob. & Petersb., 68, 1915. ...M&N
9i
g.,1890.J&J
M.,
6a,
Cen.—
Ist
Utah
M&N
Xfew mort., 7e, 1915
93
95
114 119
UtahSo.,gen., 7b, 1909.... J&J
Blohmond York Blv. & dies., 88.
91
100
ext,l8t,7B,lS09J&J
do
M&N
2d mort., 68
89
SB's Utica ABI'k E.— Mort., 78, '91. JAJ 1105
Klch. & West Pt.Ter. 68, 1 897. F&A
Valley of Ohio— Con. 6e, 1921.M&S
Boch.&Pltis.. 1st, 6s, 1921. ..F&A 117
J&D Ill's 113 Ver. & Mass.— Gnar. 58, 1903 MAN 107 109
Consol. 1st, 68, 1922
80
67
VlJksb. A Mer.—New Ist mort. ...
Income, 1921
do
45
95
2d mort
Eome & Carrollt.— let, 6s. g., 1916
8
10
mort,.,
Income
3d
.J&D
Bome & Dec— 1st., 6s, 1926.
109
Vioksb. Sh. A Pac. -Prior lien, 6s. !107
BomeWat'n&O.—S.F.,7s,1891 J&D 106>i
117
106
ser.,68,1906.MAS
Va.Mldland-l8t
J&J
2d mort., 78, 1892
MAS 114 115
2d series, 68, 1911
Consol., Istex. 5e, 1922....A&0 102 k 102%
M&t* 107«« 109
3d series, 5-68, 1916
Bntlana— Ist M., 68, 1902.. ..M&N 105 >i 106
90
MAS 68 72
4th series, 3-4-59, 1921
F&A 89
Equipment, 2d mort., 58
99% 100
97
97»s
M&S
1926
series,
5th
58,
Jo. 4 Gr. Isl'd—lst.guar. 68,1925
60
45
891s
Incomes, oumul., 68, 1927. ..J&J
2d mort.. incomes, 5s, 1925
117
80
114
guar..
1936
M&N
Gen.
58,
»t.L.Alt.&T.H.— l8t M., 7s, '94.J&J
Wabash St. Louis & Paoiflc2d mort., pref.. 7s, 1894 .... F&A
103
110
112
102
78,
F&A
'90,
l8t, ext.,
M&N
2d Income, 78, 1894
38
92
411a
A&O
Mort., 78, 1879-1909
Dlv. bonds, 1894
120
90
94
2d mort., 78, ext. 1893, ex. .MAN
B6Uey.&8.Ill.,l8t,8.F.88.'96.A&0 115
M&N
Equipment 7s, 1883
Bellev.A C»r.. Ist Ss. 1923. .J&D '97»8 110
»8>4
58
J&D
Gen.. 68, 1920, Tr. rec
Bt. L. Ark. & Tex. st 68,1936.M&N
45
J&J lOOij lu2is
F&A 43
Chic. Div., 5s, 1910 gold
2d mort.. 6s, 1U36
109
1910
Havana DlT., 68,
J&J
Bt. L. & Iron Mt.— l8t,78, '92 F&A
Indianap. Dlv., 6b, 1921 ....J&D
M&N 109 110
2d mort., 78, g., 1897
110
108
Detroit Div., 68, 1921
JAJ
Ark. Br. 1. gr., M., 78, g., '95.J&D
95
Con8.mort..7B,1907,oonvert.Q—
Cairo Ark. & T.,l8t,7s,g.,'97.J&D 114
106
lIOis
105
lO'^is
FAA
iBt. Bt.L. dlv.,VB, 1889
Cairo* Ful.,lst,l.g.,78,g.,'91.J&J
Ulif 94
FAA lt9''B llOifl
Gt.West., Ill.,l8t,7B,'88
6«n. con. r'y & 1. g., 5s,1931A&0
2d, 7s, '93. ...M&N
do
93's
Bt.LoulB&Baii Frandsco—
106
Q'ncy A Tol., 1st, 78,'90.. ..MAN
M&N 1121s 114
2d M., class A, 1906
F&A
M&N 113 11;) Is Ul.A S.Ia..lBt, 68, 1912
Sd M., class B, 1906
M&N 113 Is IU3
8t.L.K.C.&N. (r.e8t.&E.),78.M&8 llOis 111%
2dM., olaes C, 1906
do Om.Dlv.,l8t78,1919.A&0
BoDtli Paclfio.— l8t M. 1888 .J&J ion
105
do Clar. Br., 68, 1919.. F&A
Kan. C. & 8w., l8t,68,g.,1916..J&J
F&A 113
Pierre C. & O. let, Gs
do No. Mo.,lBt, 1895...J&,1 111
Bqnlpment 78. 1895
J&D 109 114''8
do St. Cba's Bridge 68, 1908
114
General mort.. 68, 1931
991s 101
J&J
Wab. Fund. 1907- Var. 78. F&A
General mi irt., 5s, 1931
do
Various68
J&J 100 1< 101
F&A 75 90
107
W.St. L. & P.— Iowa D. 68, Tr. reo
Ft.8.& V.B.Bd..]st68, 1910.A&0
Bt.L.E.&Sn.W. -Ist68, 1916M&8
Warren (N.J.)— 2d, 7s, 1900 ..A&O ii's
111
Trust bonds, 68, 1920
F&A
West Chester—Con. 7s, 1891. .A&O IO7I3
llOH W. Jersey & At. Ist M.,6sl910MA8
106
Bt. L. W. & W., 68, 1919
M&8
lib
BtL.Vand.&T.H.-lstM.,78,'97.J&J
West Jer8ey-lst,6s, 1896
J&J 114
129
2d mort., 7s, 1898
M&N 102
iBtmort., 78, 1899
A&O
2d, 7s,guar., '98
M&N 105
Consol. mort., 6s, 1909
A&O
Bt. P. & Duluth— Ist, 58,1931. F&A
West Shore guar. 4b
J&J 101 lOlifl
102
Bt.P.Mlnn.& Man.— let 78,1909 J&J 112
West'n Ala.— Ist M., 88, '88.. .A&O 101
115
2d 6b, 1909
A&O 115
106 107
2d mort., 88, guar., '90
A&O
117
122
Dak. Ext.. 68. 1910
M&N
*est.Maryl'd— 3d en.,68, 1900.JAJ
117
iBt consol. 6b, 1933
W'n No.Carollna-l8t,78,1890.MAN
J&J
9sis
98
do
reduced to 4'48 ..J&J
Consol. 6s, 1911
J&J
Minn's U'n, Ist. Bs, 1 922
vVest'nPenn.- Ist M., 6s, '93. .A&O 103
J&J 110
Ban Ant.& A.Pa88.,]8t 6s,1916.J&J
Pitts. Br., Ist M., 6s, '96
J&J lllij
9178 Wheeling* L. Erie— 1st, 5s,. ..1926
do
Ist.tis.l ti26.J&J
lUO
Bandusky Mansf.&N.— Ist, 78,1902 112ii
Wichita & Western— Ist, 6s
i'o'd"" 104
J&J
116
Bav. Fl. & W.— iBt, 68, 1934. .A&O 114
Wilm. Columbia & Augusta, 68
121
At. &Oulf. con. 78, '97
Wil.A Weldon- 8. F., 78, g., '96. JAJ
J&J 110 114
1211s
115 120
8o. Ga. &Fla— l8t,7B, 1899
Wisconsin Cent.— 1st ser., Ss, 1909
85 Is 861s
2d,7?,ll<99
M&N 114 116
48*$
2d series, 7s, 1909, if earned
48
95
90
Boioto Val.— Ist, 78. slnk'g fd.. J&J
Wis. Valley— Ist, 7s, 1 909
JAJ 118 IZO
71
2d mort. 78, slnk'g fd
A&O 69
Wf orc'r A Nashua— 58, '93-'95. Var.
lOdis 105 13
65
Conaol. 78, 1910
j&j 50
Nasb.A Roch..guar..58.'94.AAO 103 105
Texas
Bid.
Aik.
Boston Revere Beach A Lynn .100 154 156
40
Brooklyn Elevated., new
45
100 10
Brooklyn & Montauk
100 20
Pref
do
100
Bufr. N. Y. & Erie, leased
Buffalo N. Y. & Phila.,a68.pd....50
lO'^s
11
Pref... 50
9
do
do
10
100
50
Buffalo Rochester & Plttsb
30
Burlington C. Rapids & North.. 100
50
4
California Pacitlc
6
100
5578 561s
California Southern..
Camden &
50
40
50
100
100 53%
50
11
51
50
50
50
8
100
100 120
100
Central Iowa
100
do
Ist pref
100
do
2dpref
21
100
Centrtkl Massaohuaetts
39
pref... 100
do
7618
100
Central of New Jersey
45
50
Central Ohio
50
50
do
Pref
32
100
Central Pacific
18
100
Charlotte Col. & Aug
4
Chesapeake A Ohio, common ..100
61s
Ist pref. ..100
do
4%
do
2d pref.... 100
100 108
Cheshire, pref
100 135
Chicago & Alton
Chicago & Atlantic Beneficiary
"e'si*
Chicago Burlington A North.. 100
Chicago Burlington & Qulncy..lOO 1271s
113
Chicago & East Illinois
Chicago & Grand Trunk
43
Chicago & Ind. Coal Railway
sals
pref.
do
do
7478
Chicago Milwaukee & St. Paul. 100
pref., 7. loo 112
do
109 llOis
Chicago & North Western
Pref., 7.. 100 1401s
do
Chicago Bock Island & Pac. ...100 112
100
141s
Ohio. St. Louis A Pitts
100 39
pref
do
Atlantic
Pref
do
Canada Southern
Canadian Pacific
Catawlssa
do
Ist pref
do
2dpref
Cedar Falls & Minnesota
Central of Georgia
Chlo. St. P. Minn.
AOm.,oom..lOO
3878
56
541*
12
125
40
7538
32%
30
6l«
109
7
esis
1281a
50
95
75
113
110^
1411s
114
ISifl
41
39I8
pref. .100 107
108
do
42
100
44
CbloagoA West Michigan
100
Dayton
621s
66
Hamilton
A
Cln.
18
Pref
do
A Chio.lOO
CinoinnatlN. O. *Tex. Pac. ..100
50
Cln. Sandusky & Cleveland
Pref., 6.50
do
70
55
Cln. Indianap. St. Louis
75
60
2
5
& Springfield
314
100
4%
& Bait
pref.. 100
S-s
6%
100 a36i4 368g
Cleveland Akron A Col
5214 53%
Ciev. Col. Cin. A Indianapolis.. 100
71s
8
Cleveland A Canton
Pref
221s 25
do
do
50 151
Clev. A Pittsburgh, guar., 7
Cceur d'Alene
168
50
Columbus A Xenift, guar., 8
100
241s 25%
Col. Hock. Val. & Tol
10
100
Columbia A Green vllle,pref
146"
50 139
Concord
Concord & Port8mouth,guar.,7 100 140 150
1 00
1031s 104
Connecticut A Passumpsio
Cincinnati
Cln.
Washington
do
Connecticut River
100 187% 188
50
Danbury ANorwalk
Dayton & Michigan, guar., 3is..50
161
Pref., guar., 8.50
do
152
100
Delaware & Bound Brook
50 1303h 130%
Delaware Lack. & Western
22
100
Denv. &RioGr
53
53%
pref.lOO
do
do
14
16%
Denver A Rio Grande Western
11
13
Des Moines & Fort Dodge
23
Pref..
do
do
50
60
Det. Lansing 4 Northern, com .100
Pref.lOO 100% 101
do
do
76
100
Dubuque 4 Siotix City
9
Duluth So. 8h. 4Atl
25
Pref
do
10%
11
100
Ry
EastTenn. Va A Ga.
02
64
1st pref.. 100
do
do
100
23
23%
pref...
2d
do
do
50
48
East Pennsylvania
Eaat A West, Alabama
100 119 119%
Eastern (Mass.)
129 130
do
Pref
Bliam. Bun. & Lew.— l>.t, 58,'] 2 M&N
S«TOCKS. Par.
100 108 109
Eastern In N. H
8taam.V.& Pott*.- 78. ecu. 1901 J&J
Ala. Gt. South.— Lim., A., 68,prel.. tlOis 11
10
IOO
6
EUzabeth Lex. A Big Sandy
Blienandoau Tsl. -l8t,78,l909.J&J
911s
Lim., B, com
4
13 Is
50 40
ElmlraA Williamsport, 5
36
General mort., 68, 1921
A&O 33 70
Ala. N. O. A Pac, Ac, prel
J»i4
60
7..
1%
Pref.,
50
do
60
Bhreve. & Hour.- Ist. 68, gu., 1914
do
fl*
do
50 88% 91
def
% Evansville A Terre Haute
Sioux C. & Pac, Ist M., 68,'98.J*J 1061* 108
Albany A Susqueh., Guar., 7.. .100 145
150
92 k 92%
100
Pitchburg. Pref
BodUB Bay& So.- l8t,.'i8,g.,1924J&J
Allegheny Valley
27
26
50
Flint A Pere Marquette
Bo. Carolina— Ist M.,68,1920.. A&O
95
97
Atchison Topeka 4 Santa Fe..l00 '941s 9'i%
99
98
Pref
do
do
7o
2d mort., Bs, 1931
J&J 65
Atlanta 4 Charlotte Air Lino
II4
2%
85
90
Florida E'y 4 Nav. Co
Income 68, 1931
15
171s Atlantic A Pacific
Is
11
1% 2%
pref
ibo 10
do
Bo. Cen. (N.Y.)— Consol. mort., 58
57
50
Augusta A Savannah, leased . . .100 132 133
48%
Denver
C
100
Fort
Worth
«
487a
Bontli. KaoBaa- iBt, 5b. t92B..M&S
961s 97
iaitlmore A Ohio
lOO 107 110
Qalv. Harrisb. 4 San Antonio
Texa«Div., Ist, £», 1926. ...M&8
8»ii,
90
do
lBtpref.,6
20%
17
100 120 130
Georgia Pacific
HO
801,
Iaoome,6B
do
2d, pref
105 liO
Georgia RaUroad & Bank'g Co. 100 195 205
8o.Pao,Cal."l8t,68,e.,1905-12 A&O 11038 111
Parkersburg Branch
12
3
7
lOO
(3 rand Rapids & Indiana
5
Bo. Pac.,Ari».— l8i,e8,190910.J&J nils 11'.^ Is Bee<'h Creek
10
50
Green Bay Winona & St. Paul.. 100
9
BcPso.. N. M. -ist, 68, 1911 .J&J 1U8
do
pref.
24
do
Pref. ...100
do
14
I. .'.50
Btaten Isl. Kapid Trans.- Ist mort.
Rell's Gap
100 27% 30
Houston & Texas Central
50
Btenben. & ind., Ist 6n, 1914. .J&J 106
BcUevUe & 80. 111., pref.....'.'.'."... 75
BO
50
Huntingdon 4 Broad Top
14
Btook. &Cop -1st, 58. 1905. ..J&J
uustou A Albany
100 200 2001s
do
do
Pref... 50
37
Sammlt Br.-lsi. 7b, 1903
J&J 103% IO4I4 Boat. Con. A Montreal
100
117
100
nilnois
Central
115
Banb.Hai.&W-B.— l8t,58,1928M&N lOaij
do
Pref., 5... 100 105
lO.Ms
Leased line, 4 p. 0.100
do
2d mort., 6s, 1938
99
M&N
Boston Hoosac Tun. & Western
15
15
26
Indiana Bloom. 4 West.,ass. pd.lOO
14
Blup.B.4ErieJimc.— lstM.,7s
flU5
Boston & Lowell
100 161
Jefl'v. Mad. 4 Ind'p's, leased.. 100
70
BrrTBlng.&N.Y.- con6ol.78,'06A&O 128 130
Boston & Maine
loO
20^1*
210
Kanawha
Ohio
&
3
T«x. Cent.-lst,8k.fd.,78,1909M&N
80
Boston & N. Y. Air-Line,
loo
13
98
do
Ist pr«f....
10
l»tmort..78, 1911.
M&N 70 721s Boston & Providence pref ioo 245
246
2d pref
4
do
* Price nominal,
t PurohBser also pajri aocrned Interest,
Coupon off. 5 Prioe per share. « In Frankfort, a. In Amsterdam.
t In London
,
.
II
RAILROAD
t
I
. .
'
I
||
.
.
Dboembeb
8,
.
THE CHRONICLR
1887. J
737
GSN^SRA.[j QUOTATION'S OF 3T00KS \SD BOMDS-CoVTfMucD.
PorBKplanatlona »•• Itotes at Head of Flrat Pace or Qaocatlona.
BAILROAD BTtM^KB.
Ask.
Bid.
M18CEI.I.ANEOUI.
RK. HTOOKS.
n.
0)ntini;ki).
Kan.C.Kt.Sootlilta.lOO
<lo
Pref. 100
Kans.C.Ui-iu.A n. 1<
Kun.r.SpMA Mpiupliia
80>«
7e>i
130 131
47 \ 48
79H 80
K8D.C.(;i'iiA8pM.lij0
40
30
Kan. City A OiD»lin...
5
Keokuk i Deh M..1U0
4
ito
pref.. 100
Keokuk A West
Kingston Jc Pembroke.
29
30
l«ke£rle AW.. ..100
do.
15
5
do
i
78 >«
193
S4
N. Jersey Southern..
N. Hews A Miss. Val.Co
V
N.Y.Cent.A H.Rlv.lOO 107 14
H.T.Cb. A St L.new 100
16%
do
Isl pref. 100
65
do
2d pref 100
.
N. Y. City A Nortliem.
H. Y. A Harlem ....50
210
.
Oewego A
AErle
Phlla.
Phil.
120
Syr., guar..
Pennsylvania RK. .50
Pensaoola A Atlantic.
Peoria Dec. A Ev..lOO
Petersburg
loO
Germ.
i
54=8
6>8
2013
51i«
50
A
Nor. .50 Sil7'
FhUa.ARead.as8.pd.50
68 1«
do
Pref. ...50
_
Phlla. WlIm.A Bait. 50
A
A
Pltt8.Ft.W
Plttsb.
A
.
A C.,guar.7
Western
.
Blch. F.
A
do
do
Ann Arbor A N.U
P., com. 100 >120
Guar. 7.100 '162
do
'128
6
125
215
do
pref.
frirglnla Midland
Wabash Pur. com.cert
do
Pref.lOO
Pref
Blohmond York R. AC.
Rome A Decatur
Borne W. AOgd...lOO
Butland
100
do Pref., 7. .100
«t. Joseph A O'd Isl'd.
8t.LoulsAlt.AT.H.100
Pref.lOO
„^ , do
St L. Ark.A Teja*
* Priae
nominal
;
20<«
24
53
»9
40
17
31
85
WaiT'n(N.J.),l'8'd,7.50 130
51
Wf est Jersey
59
50
1479 West JerseyA Atlantic
Western Miiryland
13
28
Wheeling A L Erie 100 45
WU.
Columbia
110
A Aug.
88>i
WUm. A Weldou, 7.100 100
17
86
Vlsoonsln Central
33
108
do
Pref.
130
Woro'terANaahua. 100
60
61
BONDS
9>« Ches.ADel.- 1st, 68, '86
85
24
CUes.AC— 68, '70.Q.-J
I8I4 Del. A H.— 7s. '91.JAJ 109
89>4
Istext., 1891.. MAN 107
12
Coup. 7s. 1894.AAO 113
1st Pa.D.op.,7s,MAS 139
Lehigh Nav.- 4198, '14 109
79
RR. 6s, reg., '97,Q-F
193
Couv 68,g.rg.'94ArA8 108
101
18
I
CANAL
6s,g.,cp.Arg..'97JAD
Con8.M.,1911 7SJAD
1714
70
6s,btAcar,1913MAN
220
14ie
115
125
171*
35
135
109%
78. coup.,
53
CANAL. STOCKS^
Dpl..."iO
Del. A Hudson
100
48
4
5
)
109
53
STOCKS.
28 >i Amer. Bank Note Co..
Aioer. Cotton
OH trusts
6i% Asplnwall Land
10
Boston Land
10
Boston Water Power.
Brookline (.Ma88.)L'd5
C«v. A Cln. Bridge, pf.
East Boston Land.
Frenchman's Bay Ld.
Keeley Motor
Mauh'tfn B'oh Co.lOO
.
Maverick Land
10
N.E.Mtg.Secur.rBost.,
HampHhlre Land 25
N.Y.A 'rex.Ld.,Llm. 50
N.
Land
114
100
9519
UOi*
30>a
7J«
7H
71s
4>4
45
210
4I4
7 '8
t
Amie
37
13
13
IS
27
275
100
10
Baroelona
Basalok
Beehtel
Belle Ule
Bodle
is'
26
rBAjT)
43>t
•«
loO
M
Bolwer
AND
STOCKS.}
Huron
lilGHT STOCKS.
Brush, Bait
100 SO
Brush lUumlnat'g 100 85
Edison
17.^
Edison Illuminating..
90
United States
30
United States HI. Co..
80
Brooklyn Trust ...ICO 260
Central
100 460
Farmers' Loan A Tr.25 410
Knickerbocker
100 1301s
Long Island
IDO 157
-Mercantile
..100 19.^
Metropolitan .. ..100 158
N. Y. Guar. A Ind..l00 115
N.Y. Life A Trust. 100 560
Union
100 450
United States
1 00
N.Y.
& BR'KIiYN
Minnesota
74
National
Osceola...
100
180
100
40
95
Pewabio
Qulncy
Ridge
Tamarack
m
.
.
Charle8fn,8.C.,Oas.25
Chicago O.A Coke. IOC
Chicago Gas Trust
Cincinnati O. A Coke
Hartford, Ct., O. L..25
Jersey C.A Hobok'n20
44 >t People's, Jersey C
891s Louisville Q. L
38% Central of N.Y
50
Consolidated. N. Y.lOO
Equitable, N. Y
Mutual of N. Y....100
N. Orleans O. L. ..100
PorUand, Me., O. L..50
St.
Louis Gas Tr... 100
UMSlede,
Unlte<l
8t.
Gas
I>oul8.100
Imp., Phil.
Wa«h't«n CltvO. L.'20
Fuehaaeralao pay* aocnied Inter; it.
t
13
4i«
25
25
25
25
25
25
25
25
6
le.
lo.
mo.
194 20
2% 2«
57
68
750.
1024 103
Barnaby (Fall Rlv.)...
Barnard Mfg. (F.R.)..
Bates (Me.)
100
Boott Cot. (Ma8S.)1000
Border City .Mfg. (F.R.)
Boston Co.(Ma8S.)1000
Boston Belting
100
Best. Duck (Mass.)700
Chacc (Fall Kiv.) .100
Chlcopee (.Mass.) ..100
565
STOCKS.
. .
280.
14^
Androscog'n (Mo.). 100. 117
118
Appleton(.'VIass.).1000 675
700
Atlantic (Mass.)... 100 lo»% 110
140
161
210
170
Cooheco (N.H.)
57
Boston Gaslight... 500 835
East Boston .....
38
25
Roxbury...
100
South Boston
100 115
136
Brookline, Mass. 100
99
Cambridge, Mass. .100 180
100
Chelsea, Mass
100 HO
83
Dorchester, Mass 100 108
Jamaica prn,MasslOO 159
Lawrence, Mass.. .100 145
Lowell
100 200
31
Lynn, Maas.,G. L..100 114
7% .tfald. A Melrose. ..100 106
71* Newton A Wat'n ..100 140
7% Salem, Mass
100 111
4% Brooklyn, L. 1
25 100
50
Citizens', Brooklyn. 20
Metropolitan, B'klyn.
76
4% Nassau, Brooklyn ..25 09
8
60
People's, Brooklyn. 10
12
WUriamsb'g, B'klyn 50 110
260.
12
14
(Fall Rlv.) 730
750
H.)
100 100
Amo8keag(N.H.) 1000 xl700 1750
270
550X
Gas
6
193
4
190
Am. Linen
Amory(N.
iSfe Local Securities in
CuiiONICLE each w'k,
except flrti of month.)
tiAS
1%
11% 13
inANDPACT>ING
STOCKS.
112
aORSE RKS.
Bait. Consol.
10
12
10
2>«
2
95 100
250 500.
Aak.
56
100
100 3-30
100
Caledonia B. H
1-40 1-7*100
71* Oonsol. Oallfomla.lOO
7
36
2»
32
Chrvnollte
60
Tenn.CoalAIronCoino 28 >s 291* Chollar
100 asa
Wyoming Val.Coal.lOO
461 Oonsol. Paolflo.... 100
3fr
Crown Point
RXPRB8S ST'CKS
100
Dnnkin
Adams
100 140 145
•s I'lO
Eureka Consol.... lOO
Ainorinan
100 103>* 110
Father De Smet .. 100
United States
100
64
68
Qold Stripe
Wells, Fargo A Co. 100 129
Ooodshaw
100
TEI,«PH STOCKS
Oould A Curry 8.. 100 6-8
BONDS.
Oreen
04
Mountain
10
or
American Tel. A (^ablo 731s
Hale A Noroross. .100
600
Atlantlo A Pauitlcat'k
40
Horn
Silver
•06
Bank's A Merch't8.100
>4
IndeueD'* 'noe
100
General morl. cert.
31s
[ronSlIfer
20
3-0O
Baltimoie A Ohio
•10
l-aorosse
•13
10
Cent. A So. Am. Cable 100
110
•20
.«<Mlvllle Consol
•36
10
Commercial Tel. Co.pf.
16
•22
Little Chief
60
Fraukllu
100 25
33
Little Pitts
•38
Gold A Stook
100
Mexican O. & BIlT.lOO
6^3S
Bonds
9S 102
_..
•80
Navalo
100
Mexican
lOO 160 166
Ophlr.....
10
10^7S
N. Y. Mutual Un. Tel..
79
PotosI
100
Mutual Union 68
85
Rappahanook
•30
1
N'wcst.. 7h. 1004 .JAJ ilio'
Red Elephant
10
Postal Telegraph.. 100
le
Robinson Consol., SO
•42
Bonds, Ist Os
25
32
31erraNevada
100 8-87
Postal T. Cable, new.
25
28
•12
Silver Clltr
50
So. Tel., Ist moi-t. b'da
15
Standard
3-30
100
Soutb'n A Atlantic. 25
75
80
Union Consol
100
400
77''8 7810
Western Unbin....lOO
7s, 1900. M. AN...
119
BOSTON raiNINO
.
100»s
89
38 •«
62 <s Pacific Mall 88. Co.lOO
94
Nat.
Uaa.
100
Co.
Philadel.
90
UO
PiUlm'n Palace Car 100 133
56i« 56 14
90
San Diigo Land.. _.
87
109
7>»
8
St. Louis Bage,l8tpref ;107
53
2d pref. certificate*. 151
39% 40
113
St. Louis Tunnel RR.. 1109
"35" 3'}'
T6
70
Co.
Transfer
Louis
St.
108
Union St'k Yds ATr.Co
75
25
24%
(B'lst.)
Lnnrt
a
15
West
End
I
no late traniaottone.
14'
3m
scrip
til's
28
la
TRUST CO.'S
STOCKS, N.Y.
Am. Loan A Xrust.lOO 105
1021s
Del.Div. leased, 8.. 50
t.*hlgh Navigation. .50
Canton(Balt.|6s,g., '04
Un. RR.,l8t,end.,6s.
33%
STOCKS.
Chesapeake A
niSG'LLANKOCii
BONDS.
(W. Y. A BAH.
3711 Alloe
2914 AIU Montana
40
87
TELEPHONE
1902.. JAJ
Morns, guar., 4
100
do pf.,guar.l0..100
Pennsylvania
50
3ohuylkill Nav
50
do pref. 50
do
Bid.
OOLDdcMILVBH
ELECTRIC
Col.CoalA Iron— l8t,68
Gov. ACin.Bge. 58,3-5y 100
MAS 101
58, 5 years
Hend'n BrldgeGs, 1931 10,
91
Or. Imp.. 1st, 68. 1910
Oreg.R. A N. l8t.6s,JAJ IIOI9
Debenture 78, 1888
99
Con. 58 1925 J. AD.
Puilm'n Palace Car—
4th do
8s,'92FAA
Deb'nt're,78,'88AAO
8t. I.. Bridge A Tun—
l8t,78, g, 19i9.AAO 1133
Tenn.C. AI.,oon.68
54% South Pitts, l8t, 68..
8I4
82
Blr.Dlv.l9t.6B, 1917
21
.niSC'LLANCIOVS
10
50
46
68,lmp.,cp.,'80MAN
78,btAcar,1915MAJ)
8usq.— 68,cp.,1918JAJ
109
105
17i«
31»8
Mort. 6s, op.,'95JAJ
41
38
40
MltOBLLAmmCt.
Aak.
411oaez
25
100 219 220
ll3>s American Bell
Atlantic
25
Amer. Speaking... 100 100
Brnnsw'k
Antimony.
5
Erie
31
32
113>s
Calumet A He<!la...25
Mexican
85c.
900.
127>j
Catalpa Silver
10
New England
401s 41
80
Central
25
Tropical
16
500 70o. Pranklin
25
Penn.— 68, coup., 1910
I
SohuylklUNav.—
11
l8tM.,6B, 1897.Q-M
107% 2dM.,68,1907..JAJ
Blohmond A PTj'g.lOO '108 112
Oregon Improvement.
Blob. A West Point....
26I4 26>s Oregon Ry. AN. Co.lOO
do
80
2679
Dulon Paclflo
100 55*8 5509
(Jtah Central
26
100
Utica ABlackRlv.lOO 117
Vt.A Ma8s..l'sed.6.100 133 133 >a
Vioksb. A Meridian ..
>«
>t
l.'iO>t
161
5
70
"27
50
S14
A Ohio Central. ..
do
Pref.
N.J. RR AC. Co.lOO
Canton Co. (Balt.l.lOO
2
106
4.
Marshall Cons. Coal
Maryland Coal
100
New Central Coal 100
N.Y.A Perry
100
iaeif OntanoSll. MIn'g.lOO
Pennsylvania Coal. 50
10>| 11
QnlokallTer Mln'g. 100
48
do
pref.lOO
a.
25
36
Port.Baco APorts.lsd 6
Port Royal A Augusta
Ports.Gt.F.A Cou.l0\<
Kens. A Saratoga. 100
Rich. A AUeg., asH. pd.
rol.
Vi'
lie"
15
65
Pitts. Cin.
St. L..50
Pitts.
Con., l'sed.50
Terre H. A Ind'nap.50
Tex A Pao. ass. pdlOO
10
26
10
28
60
45
N.Y.Lack.AWe8t...l00 101 101
H.Y.L.ErleA West.lOO
2a3e 28 ><
do
Pref.lOO
66 >9
H.Y. AN.Englaud.lOO
38 79 39 ig
do
Pref.lOO 116
I16>ii
N.Y.N H.AHartf.lOO 210 220
N.Y. Ont. AWesL.lOO
16
17
N. Y. Penn. A Ohio ...
1
do
Pref.
N. Y. Pbil. ANoif.lOO
IS
M.Y. 8ueq. A Western.
8% 9
do
29><| 3oH
Pref.
N.Y. West Shore A B..
2
Norf.A West,, com. 100
14>9 16
do
411« 41>s
pref.lOO
No. Pennsylvania.. 50
74
73
Northern Central. .50
86
85
Nortb'n N. Hamp.lOO 140
I4OI4
Honh'n Pac, com 100 22>4 22%
do
Pref.lOO
45^8 16
Norw.A Worcester. 100 174 175
Ogd. A L. Champ. loo
13
10
Ohio A Miss
100
23% 2414
do
Pref.lOO
80
77
Ohio Southern
15
100
13
Old Colony
100 176 »s 177ij
Oregon Bbort Line
21
18
Oregon Traus-Cont
20 14
20
.
Sunbury A I,ewi8t..50
02
314
Pref,
»'*
South Carolina
100
Southern Pao. C0..IOO
Tol.
,
A E'x, gu.,7.50
8t. L.25
Nashua A Ix>well..lOO
N'squehonlDg VaU'ySO
New Jersey A N. Y
6
Bid.
coal & ihining
36 >i
to4;ks, n.y.
do Pref.... 100 72I4 73
OaiueroM IronACoalftO
do 1st pref.lOO 110 113
OolorndnCoal A MOO
Paul A Diiluth .100
03 >« «\
Col. A Ifcick.tno.'.'A [
do
Pref.lOO 102
ion
Conaol.Coal of Md.lOO
P..MIun. AMau.lOO iue>« 107>< Homeslake MIn'g.lOO
Ixjula
Scioto Valley
4eah'd A RoanokelOO
165
I
Morris
Jt.
94
5J
63'8
LeblKb Valley
50 54^
Ut. Rock A Ft.Sm.lOO
Little Mlanil
60 il63>«
Uttle Sobu'k'1
5U>«
50
LoDK Island
50
SO
La. 4 Mo. KlTer...lOO
do Pref
100
Lou.Evans.ASt. L-lOO
9>i
do.
Pref.lOO
27
Lonlav. A N8»hv..lOO
59%
LoulBT.N.A.ACbio.lOO
37
Maine Central
100 124
Han. A Law'ce
100 212
Manhiittun, con. .100 100
Harq. U. AOnt.. .100
10
do
Pref .100
Hempb.A Cbarl ..25 46
Mexican Central ..100
14^
Mexican N»t.,Tr. rcc.
7»»
Mex. Nat. Conatr. Co.
26
MlohlKan Ceni
100
87
Midland of New Jersey
25
Mil. Lake S. AW.. 100
84
do
pref.lOO 105
MU. ANortbern
30
Mine Hill A8.H....50 5 60!>j
Mlnneap. A St. L..100
8>t
do
Pref... 100
20
Mieaol Kan. A Tex. 100
18
8»i8
Missouri Paelflc.lOO
Mobile A Ohio
9>«
100
MorKan'8 La.&Tex.lOO 120
Uashv.Chat.A
)t.
MUOKLLAMEOUI.
Art,
S
8*
8'west.,Oa.,K'd,7.100
1S>« Syr. Blng. A N. Y.lOO
45
Summit Branch, Pa. .^0
44 \
Pref.
IkSh. AMIoh.Sc.lOO
Bid.
AT. H....
ASan Fr.lOO
*t.L. Van.
57%
840
39
96»b 10»
80-
12»
1860
127
1350
I
12s
....
iieo
160
1145
1.^9
950
90
109
600
900
86
108
500 476
7
48
Collins Co. (Conn.) . .10
Continental iMe.). 100
Cres't Mills (P. R.) 100
Crystal 8pr. Bl. (F.R.)
Davol Mills (F. R.) 100
7%
«9
,
70
SO
45
Axe (Mass) 100
.
50ol 740
746
Bverett (Mass.). ..1001 73
77
P. R. MaohineOo..lOO'
jF. R. Merino Co. ..100
Flint Mills (F. R.) 100
92>i 95
Franklin (Me.)
100
96
98
Dougl's
Dwlght (Mass.).
120
100
190
111
110
160
147
205
116
107
143
112
103
56
80
100
62
116
arbeY.MIIls(F.R.)100 113
Qranlt«(F.K.)....1000
Great Falls (N. H.llOO x86
Hamilton (Mass.) 1000 745
100
(Me)
Tolyoke W. Power. 100
Jtokaon (N.H.).. 1000
lOng PUUp (F. B.) 100
Laoonia(Me)
400
Lancaster H.(N.H)400
8T
7t»
19»
Hartf. CariMjt (Ct.)lOO
Hill
114
33S
79
220
x9d0
80-
230
976
106
476
100
470
890 600
80
86
L'rel Lake Mills (P. B.I
18
Lawrence (Mau.)1000 X1S28 16e(>
310
l>owell (Mass)
690 706 710
37i« 39
140
Lowell Blcaphery.200 135
179% 182>« Lowell .Mach.8hop.500 x800 860
69
70
28
3l>t Lyman M. (Mass.). 100
147
Manchester (N.H.) 100 146
160
1000 10'.<0 103O>
vtass. Cotton
70
80
84
Vleohanics' (F. R.) 100
106 108
100
HerchanU' (F. R.) 100
«0
vlerrimaok(Ma8a)1000 x'ii78 180»
"ii'
74
70
tietavomet (F.R) .100
110 121
Middlesex (Mass.). 100 1774 180
90
94
88
80
734 74% Sarragans'tt(F.B,)100
sra«haa(N. H.)....800 x490
70
66
100
90
70
721s .<ranmkea« (Maaa.)10)
M»
118
37",
In London.
88
9»
600 SIS 330
Newmarket
38i» Paclflo (Mass.). ..1000 X1600 103
if.
{
E.01aas(Maes.)37}
qnotattaa per ihaM.
5
1
THE CHRONICLE.
738
AND
GENERA-L QUOTATIONS OP STOCKS
For Bsplanatlon* See Motes
Uanufac'ino Stocks.
Bid.
BANK
Ask.
Stocks.
PeppeT«ll(Me.)....500 1050 1055, Continental Nat... 100
11.^
100
First National
Poeaaaet iF. R.)...100
70
Fort Dearl)orn Nat
67
Btoli.Bard'n(F.R.) 100
100
Hide and Leather. 100
Bobewn (F. rit.) lOOO
Merchants' Nat.. .100
BMnunore(F.Biv.) 100 100
Metropolitan Nat. lOn
Balmon PaUs(N.H.)300 240 26(1
25
30
Nar. Bk. of Amer..lOO
B»ndw.Ola.s8(Ma8s.)80
80
Nat.B'kof Illlnols.lOO
Shove (FallRlv.). 100 75
55
Northwestern Nat. 100
ei»de(FttU Riv.)..100
DnlonNatlonal....lOO
BtalTord (FallRlT.) 100 101
XU50
IJ76
Un.SrockY'dsNat.lOO
Stark Mills (N.H.)IOOO
Cinclnuatt.
Tecumseb (F. B.). 100 93 10C5
Thorn dlke(MaBS.;1000 1195 1200 Atlas National
Cincinnati National
Tremont&S.d.IassjlOO 120 121
Citizens' National
Troy C.diW.(F.R.) 500 860
Commercial Bank
Union C.Mr. (F.R.) 100 215
First National
Wampanoag(F.R.) 100 100 105
Fourth National
Wasblngt'n(MaB8.)100
German National
Weed Sew. M'e (Ct.)25
55
.Market Natinnal
Weetamoe (F. R.jlOO
46
Merchants' National
WUllm'tlo Llnen(Ct)25
1000 Motropolitan Nat
York Co. (Me.)
7,'jO 995
BANK
STOCKS.
Nat.
Baltimore.
Bank or Baltimore 100
Bank or Commerce. 15
10
Citizens'
Com. & Farmers'.. 100
Farmers' B'k of Md. 30
Farmers' il: Meroli..40
Farmerg'&Planters'25
First Nat. of Bait. 100
16>«
Franklin
31
58
60
46
127
41 >9
60
Marine
Ask.
120
245
110
l:-t7i9
11»«
175
140
175
700
184
2^,0
90
85
142
191
Second National
Third National
141
Western German Bank 205
100
Oonnectlcut Itiver 50
12% Far. & Meoh. Nat. 100
30
37
Mechanics'
12i« 131a
10
Merchants'
100
132
National Exch'ge. 100
129
People's
2u
19
20
Second National . 100 150
Third National.. ..100 109 11". la
Union
75
81
83
Western
20
31
33
Nat
1'
96
15:!
85
60
.
.
'>
I
. . .
.
t
.
I
\
1'25
120
105
Foiirih St. Nat'l.. .100
Independence
Kensington Nat
Keystone Nat'l
112
95
100
.
260
51
162
150
120
121
140
126
112
130
112
Ronton.
American
F.
& M..100
Boston
100
Boylstou
100
Dwelling Hoaae...lOO
EUot
100
Firemen's
100
.Manufacturers'. ..100
Mass. Mutual
Mercantile F.
100
& M.lOO
Neptune F.& M...10(J
North Amerioan ..100
Prescott
100
Washington
100
Exchange
30
50
Pile A»S"Ci,itlon ..100
Firemen's
Globe
Home
Howard
1
50
23
100
15
50
100
40
30
Jefferson
Kings Co. (B'klyn) .20
Knickerbocker
30
Lafayette (B'klyn) .50
Lliierty
lOu
Long
Isl'd (B'klyn). .30
Manuf. ABuilders'lOO
140
150
150
163
110
110
115
93
35
80
213
240
90
90
110
70
90
300
143
110
200
50
110
120
134
50
110
180
85
73
90
90
113
65
55
70
100
128
Mechanics' (B'klyn)5o
Mercantile
50
50
Merchants'
Montauk (B'klyn).. 50
1131a
Nassau (B'klyn).. ..50 135
37ia 100
35 150
New York Fire.... 100 80
50 150
Niagara
90
25
North River
150
165
160
190
120
120
120
103
40
IOO
230
250
ICO
110
125
100
100
320
160
125
215
70
125
135
140
60
120
200
95
90
100
100
130
73
70
90
75
7.1
National
N. Y. Equitable
147
110
160
90
165
100
165
178
90
70
160 170
90
00
93 100
7% 8 Pheuix (B'klyn)
140
130
27 Is Rutgers'
100 HO
16
IS
Standard
feO
70
Sterling
7
124
110
Stuyvesant
41a
140
50
Sh Uuited Slates
150
10 )35
Westchester
120 121
WiUlamsburg 01ty..3( -60 285
140
142
ti5
93
90
92
PRICES OF
120 124
17siia 180
jnUKBERSHIPS.
39^ 40
1171a 1>8
122 126
88
90
.V.Y. Stock
20,000 ask.
92
94
95
La»t sa e, Nov. '87.. 20,000
KjO
Pacific
Park
25
100
20
50
50
23
50
100
23
25
BXCHANGB
90
Cincinnati.
Amazou(new stock) 20
Aurora
20
25 144
20 113
Commercial
25 230
Eagle
100
Enterprise
20
-20 220
Eureka
Farmers' Ins. Co.. .20
85
Fidelity
100 110
Firemen's
20
Germania
20 104^
Globe
20 98
Merchants'* Mauuf 20
Miami Valley
50
National
100 150
Seoiiriry
100 100 14
Washington
20 130
Western
25
Cincinnati
Citizens'
§
"omiuonwealth. ..100
Continental
100
40
Eagle
Empire City
100
Peter Cooper
People's
.
17
20
70
100
50
German-American 100
Germania
50
S
90
1000
50
23
23
126
142
Hi
FIrstNat. Gold. ...100
Grangers' Bank
Baltimore.
100
100
Farragut
Pacific
Associate Firemen's.
Baltimore Fire Ins. 10
Firemen's lusur'ce 18
Howard Fire
5
Maryland Fire
10
National Fire
10
371a
42
62 >a 70
67
r22
78i« 84
70
97
671a 75
1
.
52
1«3
152
of California.
STOCKS.
City
Clinton
Greenwich
Guardian
13218 Hamilton
138
Hanover
100 32
FIRE INSVR>OE
Bowery
Broadway
Commercial
109-
San Francisco
Bank
American
Citizens'
122
Continental
100 160
Franklin
100 175
Fourth National ..100 260
100
Mechanics'
100
Merchants' Nat ... 100
St. Louis National. 100
Third National
100
.
Brooklyn
120
First Nat
100 130
Merchants' Nat... 100 135
Nat. Bk of VlrglnlalOO 10J>a 105
Planters' Nat
100 143
State Bank of Va.lOO 116
St. lionls.
B'k of Commeroe. .100 460
[nternational
314
S6ia
Noir York.
'ib
Commercial
Hope
AUlRiJce
ITIe,
Bank
014
52
33
54
39
-50
Lafayette
57 19 601a
Merchants' Mutualino
0!1 105
Mechanics' & Tr.
1071a
New Orl's Ins. Ass'n 30 16
18
New Orl's Ins. Co. 5' 22
26
25
People's
Teutonia
Richmond, Ta.
City
5\
60
32
53
38
.
Western Nat
50
West Philadelphla.lOO
100
100
FIrstNat
100
Merchants' Nat
75
National Traders' 100
M
100
100
100
100
Sun Mutual
100
100
CascoNat
8%
Mer.
Hibernla
.
Portland;
&
Home
.
Canal Nat
82
196
21
75
PIreiuen's
National Security. 100
Penn Natioual
50
Phlladclpliia Nat. 100
Cuuiberittud Nat.. .40
78
185
$73
159
Gennania
105
."iC
Second Nat
Seventh Nat
262
II318 115
2871a
l?3ia
285
20
73
CreBCCnt Mutual ..100
lactors'and Tr...l00
40
50 100
Sixth Nat
100
Spriag Garden
lOd
•Soutbwark Nat
50
Tenth Nat. Bank.
Third Nat
100
248
Neiv Orleans.
lOii
-Maniif act'r'rs' Nat. 100
Mechanics' Nat
100
Merchants' Nat
Nat. B'k Commerce. 50
Nat.B'k Germant'n.50
Nat.B'kN. Liberties 50
Nat.B'kRepuhllo..lOO
Ask.
154
North Brit.
100
100
Farmers'&Mech.N.lOO
Qirarrt National
London, Bnsc
Bid.
Commercial Union. it5
Guardian
50
(^ueen Fire A. Life.. .1
Royal tURiiranee
3
Eighth Nat
FIrstNat
^35
Steam Boiler
43
"98 14
Com Exchange Nat.50
14'>
NationalExohange.50
Phtenix Nat
100 120 128
100 9.5
State
United States
100 250
LouIsTllIe.
123
15'nk of Commerce
122
Boston.
IJankof Kentucky 100 161
16^
Atlantic
100 133
90
133 ij Bank of LouisvillelOO
«8
Atlas
100 115
126
116
Citizen.s' National. 100 12?)
Blackstone
100 I06>s 107
(3ily Nat
100 117 118
Boston Nat
100 118 120
107
Falls City TobaecolOO 106
Boylston
100 l'J9 130
Fanners' of Ky ...100 109 114
Broadway
100 102
Fanners' & Drov. 100 102
LOl
Banker Hill
100 183
184
FIrstNat
100 170 171
Central
100 128 131
German Ins. Co.'s. 100 125 126
City
100 106 1061* Gennan
141
100 13**
Cblomblan
100 127 125
(5erman National. 100 143
145
Commerce
100 1201s 121
Kentucky Nat
135
100 13
Commonwealth ... 100 134 13d
X)uisv. Banking Co.40 25
257
Oontlnental
100 119 120
.Masonic
100 137 138
Ej«le
100 101 lOlia Merchants' Nat. ..100 140 141
Kllot
100 130 13Uis' Northern of Ky ...100 124
126
Bveiett
IOC
94
95
1-20
People's Bank
119
Krohange
100 124 126
Secoud Nat
100 114 115
Vaneull Hall
lOO ia9
1391a Becurity
100 16H
170
nrst National
100 222 225
Third National .... 100 140
141
First Ward
100 127 130
Western
100
115
120
Fourth National.. 100 liO 112
Nevr Orleans^
Freemans'
100
90
yoia Canal <& Banking.. 100 135
Globe
100
91 Vj 92
Citizens'
100 80
86
Hamilton
loO 122 123
GermamaNat
100 150 151
Hide A I>eather
100 liaij 114
HibemiaNat
100 ISO 105
Howard
loO 106 Hi 107
Louisiana Nat.. .. 100 I'iSk U3
Unooln
100 U8
108 >a Metropolitan
ino 111 la 122
Manufacturers'.. .100
93
94
-Mutual Nat
100 I24k
Market
ioo 00
81
New
Orleans Nat. .100 425
Market(Brlghton) 100 140 143
People's
50 59
60
Massachusetts
250 102 103
State Nat
lOOx
108
Mayeriok
lOO 2221s 225
Union
Nat
111
100
113
Mechanics' (8o.B.)100 140
150
Neiv fork
Merchandise
100 98
981a America
100 174 180
Merchants'
loO 140
140'a American Exoh'gelOO 140
111
Metropolitan
lOO 114 lU*! Broadway
25 26
Monument
loO 2211s 221
Butchers'* Drovers25 ia2ia
Mt. Vernon
loO 134
133
Central National.. 100 129
Kew England
100 147 1471a fTiase National ...100 205 133
gor^
100 131
132
Chatham
25 215
north America
100 102
l(.i3
Clieiuical
100 2900 330U
OldBoston
57 14 58
50
City
100 300
People's
100 161
162
Citizens
25 137
Redemption
loO 126 128
Commerce
100 IbS 170
Bepubllo
100 138
139
Continental
120
100
Keyere
loo 124 lv:5
Com Exchange ...100 200 210
Bockland
loo 148ifl 14U
East River
130
25
Second Nat
loo 1.'>U1« IJl
Eleventh Ward
25 150
5s<''''i*y
100 ISh 195
PlrstNatlonal
100 1550
SAawnint
loo 1251a 1;<6
Fourth
National
... 100 144
Shoe & Leather
3 00
981a 99
Fulton
30 155
*t»te
100 114 115
Fifth
Avenue
100 7aO
Suffolk
100 1131a 114
Gallatin National ..50 2o0
Third Nat
loO 100 101
Oartleld
10" 200 300
Traders'
loo 93% 91
German American. .73 113
Tremont
loo lOt'ia 101
Germania
100 200
Dnlon
100 143 141
Greenwich
25 113
Washington
loo 121
11:2
Hanover
100 17.i
Webstpr
100 10- it 103
Importers'
325 332
<fe Tr...lOo
Brooklyn.
Irving
50 ;u7
Brooklyn
loO 140
Leather Manuft8..100
210
PlrstNatlonal.... 60 315
Manhattan
50 159 165
Pnlton
40 160
Market
100
175
City National...'.. 50 310
Mechanics'
25
170
Comnii-reial
60 1^0
Mechanics'
145
&
Tr..
.25
J«ng Island
100 118
Mercantile
loO 147
Manufacturers'. ..
128
Merchants'
50 142 U.>
Mechanics'
50 2 if)
Merchants' Exoh'e 50
122
Naesan
loo 210 220
Metropolitan
100
20
Cbarleston.
Nassau
50 145
B k or (.'has.(NBA) 100 133
New York
100 220
First Nat. Chas.. .100 2.0
N. Y. Nat. Exch'gelOO
128
People's National. 100
215
New York County 100 1 200
Chlratco.
Ninth
National
loo'j las
Ameildiiii Kxch. Nat
110 112
North America
70'; 125
126
Atlas National...
112
North River
30i 130 ....
Chicago Nat
loo 155
jOriental
25! IS^
OoniniKrclalNat.. 100 175
50i l.^is
Pacifle
IFP
• t ri e Bommai; no late
transactions.
t Last price thts week.
150
Connecticut
Hartford
National
Orient
PhfBnii
149
Consolidation Nat.. 30
200
100
100
100
100
100
100
50
JBtna, Fire
112
142
100 145
50
60
lt>0
110
W8
160
Ul
66
3
100
Hartford, Conn^
355
Commercial Nat
50
Commonwealth Nat 50
10
INSORANOB Stocks.
3.50
Cdntennial Nat
City National
1
Ask.
170
Imperial Fire
25
Lancashire F. & L..2.5
Ix)nd<m A8s.Corp.12ia
Liv. & Lond. <fcGlobe.2
North'n Fire & Life ..3
185
I4J
89
48
Hartford Nat
100
Mercantile Nat. ...100
First
166
Peopie'8
25 175
Phenlx
20 118
Produce G^cchange
110
Republic
100
Second National.. lOfl 2 SO
Seventh Ward
100 115
Shoe & Leather
100
St. Nicholas
100 119
Stateof N. Y
100 112
Trade.«men's
40 104
United States Nat. 100 210
Western National ...
961a
2*0
67
Oak Nat.. 100 100
Bid.
100
B'k of N. America . 100
100 103
50 62
/EtnaNat
American Nat
Bank Stocks.
Park
Philadelphia.^
Hartford.
Charter
BONDS—Conoltokd.
55
72i«
XLV.
Pa^e or (laotatlan*.
First
178
lOa
14J
123
27j
132
Lat.&Bk.ofCom
941a City
100
1
18!\i
134
.
German Amerioan
Howard
Bid.
Queen City National
142
Head of
117
230
102
140
360
160
Ohio Valley Nat'l
l!i>4
at
[Vol.
90ia N.Y.C(iu8ol.Slock& Pot.
Last saie. Nov. 30..
N.Y. Produce
L IS- mle. Nov. 15..
N.Y. Cotiou
Los sale, Nov. 29..
N.Y. Coffee
Last Hale, Nov. 20..
i'uo
63i« R'l Est.lSxch &Auc.R'ra
100
110
146
160
90"
Last sale, Nov., '8/.
Bostou Slock
1,075 ask.
1.073
1.800 ask.
l,7i:.0
1,500 ask.
1,100
6 iO a.sk.
630
1,100 ask.
I,0(i0
13,000
i)id.
Last s.ilo. Oct. '87. 16,000
3,300 ask.
1521a Philadcljiliia Slock
los
3,500
liiS
1,800 ask.
1,750
L;tst t-ule. NfV. '87.
Chicago Ho^irdof Trade
Lust salo, Nov. 2b..
2171*
90
1«0
104
13.1
185
Quotations per share.
I
..
. .
...
.
..
DlC-EUBEB
a,
1
1!1
.
....
.
.
,
1
THE CHKONICLK
10ti7.]
739
Lalul Kamtngt luporlit.
Roads.
Inujestment
Wtekor
IHS7.
Mo\
AND
givilroad
IXHi.N.A. A Cblo. 3d
IxhiIhv. N.O. at. .Id
lutjclligettjce.
XHM.
wk Nov
wk Not
JoH,
I la
tMiUM D»U,
\mn.
iHH«.^
'.702
Mar. Col. A No October
Mur.tlouuh AO. 3d wk Nov
MeiuiiUls AChiui. 'Ill wk NoVi
•Mexican (.(lit ,3.1 wk Not
•M«x. N. (all lliH),OclolMT...
The Investobs' Supplbmknt contains a complete exhibit of
the Fandeil Di-btof 8 atea and CUiex and of the Stovtx and
Bonds of Rnilroails and otner Companien. It is puhlithtil
MII.L.81i.AWi.«t Ith wk Nov
on the last Haturdiiy of entry other monOi—viz., January, Milwalllo-e
AKo.,3d wk .N'ov
March, May. July, September and November, and is fur- Mlnneap.A 8t. L. i8ipteiol>'r
fxlra
ntinrge
>Ilun.A.Nu.We8t.i3il
without
to
all
regular
wk Nov
nished
subscribers of the
A Tcnn
jOetftlicr...
Extra copies are fold to subscribers of the Miss.
Chronicle.
Mobile A Ohio ..iO( toiler...
CHROJiiCLB at 50 ce nts eac h, and to others at 9i per copy.
N«eh. fli. A 8t.I.. lOeliibcr
. .
Noviula
RAILROAD EARNINGS.
Ci^iit...
KiiKiiHt
I
Now Urunswiek. iHepteinb'r.
(,'en. A Il.R.!oelol)er ...
N.Y.CItyANo. Wk. Oct. 8
N.'V.
Gross Earnings to Latest Dales.— The latest railroad eamlOKS aud the totola frum Jan, 1 to liitest date are ^ven below
for all the railroad companies from whom reports can be obtained.
Latett
BOADB.
Bamingi
Week or Uu
Aiie({i><'"y ^»i». Fe.
Atch. T.
October .
October
AthiutH
t-eptciub'r
&
A Chur
Bait.
&
I'otomar Oct<il>er
&
.
,(>(!1,221
124.3.57
7i),7.51
133,(i28
.
.Scpt<!ml)'r.
G2,717
s«i>tciub'r.
I'hil :!il \vk Nov
2S,lti6
wk Nov
30,il20
70,1!>1
Beech Creek ...
Bnm.sw'k it West
Buir.N.Y.
a
192,070
M wk Nov
AUimticA Pao.
Seporltd.
1887
Bufl'.KiHli.iV: I'ill
:iil
Bur.C.Kiip.itN'o 'M wk Nov
Cain> V. * Cliic 3dwk Nov
Cal. Southern... 2(1 wk N»)v
ICaturteu &• Atrc Ootol'cr .
.
.^.5,^>00
IC^O?
34,21)1
37,.')20
Cauiuliaii I'lieilit 3(1 wk Nov
Cl>.I"r\YiuI.Viil October . .
CaivUiKv Cent.. 0(^t«hcr
292,000
29,132
60.113
Central of Ga
Ceutral Iowa
Ceutral of X. J.
Central raeific
Ceutral of .«. C.
Charlest'u A .Sav
Clieraw & Darl
Chcsap. & Ohio
13:>,3U0
3(1
wk Nov
12S,978
OctolMjr
.Sei>teiul>'r
Septenib'r.
Sciitc.mirr
Septcniirr.
Septeinb'r.
October ...
Eliz.I-ex.&B.S. October .
Chos.O. AS. W.. October .
8epttuub'r.
Cheshire
Ches. & Lenoir. .Scplenib'r.
Chicago & Alton .Tilly
.
1886.
413,272
to Latest Dale.
1887.
1886.
9
173,.598
672.072
100,186
49,443
130.698
53,977
48,600
32,577
61 ,363
1,670.230' 1 ,495,308
15,295,395 12 ,724,747
910,319,
823.461
2,341,690! 1.372.038
1,
1,197.533, 1,116,827
1,
429,343
541,658
251,589!
2,511,079 2,3i.s',28i
1,766,542 1,265,80<)
2,614,089 2,i>41.563
678,841
577.752
1,246.311
606.083
16,053
24,474
610,.302
37,048
247,000 10,063,434
24,231
222,992
.5.37,688
8,883,116
184,475
(i3,106
136,434
133,365
,012.t20;i ,095,503
,3t().xr.l'l ,146.367
10,1 1.->
8,013
38,r>os
31,956
ll,l(iK
Jan. 1
7,740
372,031
101,.'>30
!K),674
219,833
73,964
6,539
817,641
181,437
75,579
6,212
715,166
36,244
5.51.5,806
1,079,977
8,626,374
9,857,542
5,649,674
1,073,013
7,729,723
8,799,622
362,011
si'r'.ssi
.^)
. .
.
. .
-
.
i
C
.'<.
M
.
.
Northern Cent'l ()ctober .
Northern Piu'lHclNoveniber.
ohioAMIiw.
3d wk Nov
Ohio River
3(1 wk Nov
Ohio 8outli(U'ii
October.
Omaha A 8t. I,.. 8ept«mb'r
Onw^on Imp. Co Soptomb'r.
.
Oroff. K.A.\.(k).
1.
i'liiia.
A
IPhlUi.
Erie
3,688,151
3,39'7",318
894,014
1,586,510
493,422
1,367,467
463,808
766,826
28(;,745|
r/3.i'.j4
472,618
415,93<{
October...
October
Peun. Ciimpany.
No. West. sya.. Scptcmb'r.
Bo. W(>st. gyg. Scptcmb'r
PeiniaDcc.AEv. 3d wk Nov
Petcrsburu
lOctolier...
Poiinsylvauia.
. .
.
1,482,805
1,145,3.53
15,681
27,163
371,521
1,961.676
(October...
..
A Ready. (OctolH^r ...
Coal A Iron Co. iOctobcr ...
Tot. both ((r8;()clolier... 4
Pitts. A Wcsfrn 3d wk Nov
P'nRoyal A.^uj;. |8eptcmb'r
Pres. A Ariz.Ccn. August.
1,73.5.217
3,696,891
34,923
26,762
.3 83,378
222,212
. .
R'alA W.Car.jrieiitcinb'r
R.AIJ.A r.sdrMs.,:idwk Nov
Rich.A Petcrsb;,'. 'October
Scptcmb'r.
Koine W. A Ok
1I»t.L.Alt. AT.II. 3d wk Nov
3d wk Nov
15ran(!hc8
St.L. .\rk.ATcx 3d wk Nov
St.L.AHauFran. 3(1 wk Nov
St.PaulADnluth :id wk Nov
St.P.Miu. A Man. )ctober
'16.553
PI.
198,800
18,5
.
4,782,572 4,237,494
47..')()4
1,945,520 1,444,683
Chic. & -Mlantic ;!(1 wk Nov
173,062
1,786,413
Chii>. Burl. ANo .Sept<Mnb'r.
,46t,924l2,,724,588 20,290,935 19,326,863
Chic. Bull. A Q !.Scpt<iuib'r
44,644 1,826,449 1,577,985
wk Nov
1.109
Chic. A Kast. fil.
353,81!!
4,570
12,369|
Chic. A I nd. Coal id wk Nov
.5i)3,0<)(l|
51(i,86l 22.089.47k 21,737.903
Chic. Mil.ASt.P. 3d wk Nov
,736,216 2,.810,966 22,298,973 20,811.685
Chic. A N"thw'u OctolMsr . .
545,3.-)6
465,637 4,775,684 3,936,689
Chic.Ht.L.APitts October . .
20,.-)()9;
13,506
Chic.St.P. AK.C. .i w'ka Nov
776,0701 652,(i50 5,625,085 4,953,645
Chic.St.P.M.AO. October
25,.546
1,266.436 1.249.206
Nov
28,136
Mich.
3(1
wk
Chic. A W.
301,211
281,947 2,458.209 2,157,!)86
Clu. Hani. A 1) ^eptcmb'r
50,0.-)0|
49,000
2,382,105 2,293, l.')7
lid
an.Iiul.SI.L.AC.
wk Nov
8„">271
421.291
357,629
8,955
Clu. Jack. A Mac. 2U wk Nov
74.3S:)
2,969.625 2,516,020
59,584
Cin. N. (). AT. P. 3d wk Nov
36,1X0!
30,617 1,355.441 1,042,263
Ala.Gt.Houth 3d wk Nov
17,422
597,192
547,858
17,960t
N. on. A N. K 3d wk Nov
436.969
11.864
473,175
VIcksl). A Mcr. 3d wk Nov
13,.i42
12,880
506,943
121,071
Vicks. .Sh. A P 3d wk Nov
20.3451
4.964.181
162,41(1
132,367 5,902,3'
Erlan>;er Hv.<!t 3d wk Nov
338,097
7,411
368,758
Cln.Rlcii.AFt,V>'. 3d wk Nov
8,275
43,028 1,958,078 1,771,594
Clu.Wasli.ABalt. 3d wk Nov
47,596
490,!»68
471.694
9,305
10,171
Clev.Akron ACol '.M wk Nov
296.127
311,479
33,816
40,100
Clev. A Canton (Jitobcr ...
3,427,536
408,683 3,775.279
Clev.Col.C.A Iiiii October .
4.54,238
274,110
243,348
Clev. A Mariettii 3d wk Nov
6,553
5,594
18,034
CaniriVAlcnc.. October
281.8.53
293,752
""6"97i
Col. A Clu, mOi adwk Nov
7.297
305,057 1,961.913
71.373
73.742]
Col.Hock.T. AT. 1st wk Nov
259,793 6,102.864
Deuv. iSi Kio Gr llthwkNov 22 1,000 181,692
921,275
22,1'
,037,797
26,400;
Denv. A K. G. W. :id wk Nov
188.t>68
40.1,574
28,002
38,201
Del.B,i.v C.A.\lp.k)ctobcr
,027,271 1,082.651
22,<K)6
Det.Laurt'gANo.j;!d wk Nov
23,26Si
251,993
351,574
8,870
11.309
Det.Mack.A.Mar. 2d wk Nov
,654,776 3,72x,619
99,747
112,261
K.Tcun.Va.Atia.llid wk Nov
173,681
209,729
4,70t
5,008
Bvaiis.AInirplisiad wk Nov
689.069
783,852
14,218
16.635
Evaiisv. A T. U ::id wk Nov
1,907,749
290,904
39,152
Flint A P. Mam. !d wk Nov
48,560
81!l,209
915,913
21,339
25.414
Fla. K.ANav.Co. 3d wk Nov
387,2 10
620,937
13,463
19,000
Ft.W.Al>eii.City 3d wk Nov
726,252
068,650
26,392
34,971
Geort;ia J'acilic 3d wk Nov
117,-179 1.825.626
45.928
Gr. Rap. A Ind.. 3d wk Nov
43,623
,051.100 15,056,169
Qraud Trunk ... Wk.Nov.lU 352,SK4 S42.T31
279.279
386.590
37.189
39,213
Gn.Bay W.AStP Octobt
,184,80'
1.759.212
261,689
GnlfCol. AS. Fe. October ...
378.7i)7
2,442,982
,478.363
9!l,960
Houn.ATcx.Ceu Jdwk Nov 116,201
117.2.56
lll,92t
Hiiincst'ii AShci)|.^eptcuib'r.
17.467
16,908
,455,242 8,621.867
,1!I2,932 ,138,385
ni.C'cn. (lll.A.So)IOctober..
143.2111
100,298
17,168
Cedar F. A Min. October ..
10,959
783,723
686,678
106,994
Dub. Aijioux
UI,422
Oclolier .
521,406
.547,7!ll
79,731
70,517
la. Fulls A
C. October .
2,281,319
,H64,10<i
55,191
Ind. Bloom. AW. 3(1 wk Nov
57,277
100,380
170,219
11,622
Ind. 111. A Iowa October...
1H,5(M)
345,290
847,796
Ind. Dec. A Hpr October . .
40,153
38,518j
,917,1 15 1,6.52,843
lud. A St. Louis 3d wk Nov
40.871
43.970;
213,835
366,681
Jack. T. A K. W. October
29,380
28.1381
,3.59,552 2,162,029
52,317
K.C.Ft.B.AGulf. '.id wk Nov
.53.3(i4
1,304,687
,762,373
Kan. C. ep. A
35,797
43.288;
2dwk Nov
201,535
226,550
3.780
Kau. C.CI. AHp id wk Nov
6,177.
765,051
884,493
92,26
Kentucky Cent October
104,797;
Keoknk A Wi\ft.'3d wk Nov
7,423
7,037|
2.587
KiiiKKt'ii A Pein, 3d wk No\
2.6501
Knoiv. A Ohio 8epteiul>'r
35,765
41,029]
Lake K. A West 3d wk Nov
33,538 1,837,852 1,511,23^1
39.488
177,666
198,871
20.366
LehiKhA llud
15,6741
October
623.783
722.399
L. Hock A Mem. 2(1 wk Nov
2 ;,"40
25,933
LonEl.shind
46,167 J,028,27'i 2,810,403
49,556
4tliwkNov
300.723
328,21.'
51,O05
Louisa A Mo. R. July
55,92',
7.57.825
889,63(
Louis. Ev.ASt.L, 3d wk Nov
21,398
22,9.5(
5H0
2H.00M
12.325.297
I.oni..iv.ANitHhv, 3rt wk Not
298.
i.1
343.49'
M
AW
rN.Y. L. E.
October...
N.Y. ANcwEu)?. October...
N.Y. Ont.AW... 3dwk Nov
N.Y.Phil.ANorf. SeptenibT.
N.Y. 8118. AW.. October.
Norfolk A West 3<l wk Nov
N'thoaatrn (8.0.) Septenib'r
293,540
40,871
18,903
48,670
108,111
34.004
950,05
. .
j(
Ant. A Ar.Pass. ,Octol)cr . .
jScptemb'r.
Scioto Valley
Seab'rd A Roan ttctolicr ..
Shenandoah Val [October . .
South Carolina |October
So. Paclhc ( 'o.—
S.
.
76',447
72,931
7.017,,058
190,,409
2.356, •205
1,917,,115
841,,4'2U
2,30O,,963
>.5U'2,632
176,120
!,096,431
1
691.612
L.519,318
l.232,49»
1,397,096
^,916,664
5,4'.>5,,78,
1,500,,329
6,670,,120
423,,865
579,,698
406,iK4
,\
81,954
134,807
.
,6.52,8 13
e'i.V.Jse
909,021
1
I
Gal.Har.AS. A. ISeptcrab'r.
Lonis'a West
Septeinb'r
Mori?an'8
2,385,,558 1,!
607,,836,
i
2,954,,828 2,*
1
120,,200
917,,921
6,991,,423 6.1
19,385,,306 17.;
26,376,727 23,:
LAT. Scptenib'r
N. y. T. A Mex. Scptcmb'r.
Tex. A N. Orl. iScptcinb'r.
Atlau'c system Septeiub'r
•;
.
Pucillc svstcm Septeiub'r.
Total of all [Scptenib'r. 3.
So. Pac. RU.—
No. Div. (Cal.)|Septeiub'r.|
;
So. Div. (Cal.)|Septenib'r
Ari/.oua Div
|Sci>teinb'r.
,
.
.
.
I
:
.
|
:
New Mex. Div Scptcmb'r
Spar. Uu. A Col iScptcmb'r
.
November.
Statei' Is.Rap.Ti
Summit
Brunch IOctobcr
..
.
.
.
.50,185
\
Texas A Pacillc 3d wk Nov
Tol.A.A.AN.M'h Jidwk Nov
Tol.AOhioCent.i3dwk Nov
Tol. P. A West ...3(1 wk Nov
^October
Uuion Pacitic
Valley of Ohio. October ...
Wab. West(a-n ... 13d wk Nov
Wab. E. f Miss October ...
IWcst Jersey.... October...
;
2.!
.
,
184,431
318,421
113,183
49,201
5.788
1
118,560
135.445
9,365
19,482
19.267
1
540,478
,133.850
501.140
,^0,IO4
.''4.419
802,066
743,776
,283.279
5\.6ao.mi
3.2,390
46'!, 1051
936,721
850,346
71«.'J77
773.984
65,734
107,376
543,229
.50)1.871
,8'20,301
,912,940
"96',596
,763,941
,271,361
,\Tij'S7
(
55,433
12,342
33,417
C(d.
,164,880
1,397,923
1,755,154 23.,716,308 21 „58.5.2ia
\
A AuK Septeiub'r.
WheclinK A L. I;.;3d wk Nov
Wisconsin Cent'l 3d wk Nov
Chic. Wis. A M. ,3d wk Nov
WU.
,281.620
!,927,183
1,209,491
823,161
655,036
477,316
517,478
,889.8.54
,384,08«
A W. ]3d wk Nov
Penokec Br...i3d wk Nov
6,295
591,'238
448,'J03
252J£i6
Wis.
4,221
2'5,0C8
16(1.761
6,7'20
Min. St.C.
A Mlmi..,3dwkNov
And
* Mexican currency,
branches.
c After deducting eamiugs paid over to leased roads operated ou »
;
pw:
cont.ape basis.
I Not iucludlii« Ceutral of N. J. In either year.
% Including Ind. A Bt. LouU.
Latest dross Earning by Weeks.—Tlie latest weekly
earnings in the foregoing table arc separately summed up
For the third week of November the returns are unusually
favorable, the ratio of gain reaching 18'4)J per cent, and only'
two of the seventv-threo roads show a decrease.
1887.
3<f ic««fco/.Vote»i6«r.
Prev'ly report'd (21 roods)
Atlantii^A Pacllto
Burl. Cwlar R. A North.
Cblc
Cairo Vliiceiinea
Central ol Ueortda
CliicaKO A Riuit Ills
Chic. St. P. A Kan. C
.
&
Chic. A Went Michlmin...
Ctn. Ind. St. L. A C
Cin. N. O. A Texas Pac...
Alabama Ot. Southern .
New Orleans A N. ...
'VIcksbuT); & Meridian..
E
Vlok(ipiiii,'8lircv.
Al'ac.
2,289,016
79.751
70.101
16.507
139,360
81,109
7.273
28.186
80,080
74,383
36.180
17.960
13,542
20,345
1886.
Inertatt.
Eeemm..
$
9
f
1,889,118
49.443
61.363
16.053
136,434
44,614
4,744
25.840
399,898
30,308
3,sgo
.•••^^
49.000
59.584
30.017
17.122
11.864
12.880
1,050
14,790
6.563
..••••••
*'f^?
4.54
2.928
6.463
..••.••»
2,5'29
838
1,«T<>
7,465
.^
I
—
.
—
—
..
THE CHRONICLE.
740
Ota-Kloh.
AF.
OliLWash.
<&
&
Cleveland
OoL &
W
8,275
Bait
Marietta
Mid
Cin.
—
47,506
6,553
7,297
26,400
23,268
112,261
5,008
16,635
48,560
25,414
19,000
34,971
43.623
352,884
57.277
7,037
39,488
22,950
343,490
11,377
51,502
43,775
89,3H3
Klo Gr. West
Deu.
Detroit Lang. & North
EaatTenn. Va. &Oa
BTaiisviUe& Ind
Evansvllle & T. H
nint&Pere Marquette..
Fla. Rr. & Nay
Fort Worth & l>env. caty.
OeorKia Pacific
Orand Rapids & Ind
Grand Trunit of Canada..
Ind. Bloom. & West
Keokuk & Western
liake Erie & Western
ic
SjouIbv. Evans v. & St. L..
JLoulSTllle & Nashville
Unrquette Hough.
Vemphis &
—
& Ont.
Charleston...
Minnesota & Northwest..
Ohio AMlsaissippi
Ohio River
9,388
16,570
40,848
221,000
43,970
22.050
82,267
43,604
178,207
26,313
121,976
39,479
11,116
9,921
5,983
Peoria Dec. & Evans
Pittsburg & Western
Bleh.
&D.
(& leased lines).
L. Alt.& T. H., M. Line
L. Alt.
T. H. Brchs ..
*SL
&
8t
Bt Louis Ark. <& Texas...
St Paul&Duluth
Texas APaolllc
Toledo Peoria & Western
Wabash Western
Wisconsin Central
C. W.
Minn.
Wis.
&M
Bt. C.
&Min
.
&W
Total (73 roads)
Ifet increase (18-43 p.
5,210,529
7,411
43,028
5,594
6,971
2M75
22.006
99,747
4,704
14,218
39,152
21,339
13,463
26,392
7,423
33,538
21,3981
298,580,
9,635!
47,746
9,575
83,769
4,530
15,684
34,923
198,800
40,871
18,903
48,670
34.004
135.445
19,267
107,3761
33,417
6,720
6,295
4,221
4,399,552
c.)
t Including Indianapolis
Net...
959
326
4,225
1,262
12,514
Xoadt.
2,417
9,408
4,075
5,537
8,579
2,305
"386
5,950
1,552
44,910
1,742
3,756
34,200
5,624
4,858
-October.
.
1887.
1886.
.
Bnad.
LaJce Erie
$
$
$
.
.
. . .
$
$999
&
$
1 to Sept. 30.-^
1886.
1887.
.
.
1886.
1886.
1887.
9
Loulsv.A Nashv
Gross. 1,538,706 1,379,828
Net...
628,931 584,084
5.672,838
2,319,358
5,087,299
2,170,085
Gross.
178,549 160,009
Net...
82,098
68,908
Gross. 1,674,881 1,443,667
912,121 874,660
Net...
413,137 367,747
Gross.
Net...
176,664 139,817
602,032
206,851
5,585,253
2,753,772
1,553,794
629,462
496,426
201,805
5,142,723
2,837,170
1,474,539
541,876
A
Chas
NorthemPa«lflo
OhloAMiss
1886.
,
Roads.
Memphis
Oct. 31..^
^Feb.
208,244 184,341 1,361,994 1,170,683
Net...
92,966
59,204
561,745
293,257
YEAS BEGINNING JULY 1^
Oc otter.
J7ilti 1 to Oct. 31.,^
Western. Gross.
1887.
2,691
1.
,
1886.
.
192,679 173,598 1,676,230 1,495,308
92,037
78,075
646,694
554,292
133,628
130,698 1,197,533 1,116,827
60,901
66,576
456,499
459,472
260,053 229,221 2,345,579 2,171,581
68,571
36,892
513,377
408,918
37,520
37,048
610,302
537,688
Net .. def. 3,579
4,320
152,353
141,108
Oanadian Paoiflo
Gross. 1,263,965 1,077,630 9,168,434 8,114,416
Net...
532,409 467,916 2,629,311 2,975,004
Carolina Central
Gross
60,113
63,106
Net...
35,101
36,215
Clev. Col C. & Ind.... Gross.
454,238 403,683 3,775,279 3,427,536
Net...
200,713 173,780 1,463,876 1,266,698
Sen. Sc Bio a. West .Gross. 137,175 112,687
961,397
859,950
Net...
56,738
50,418
283,277
276,396
I>et.B. C. & Alpena. .Gross.
38,201
28,002
404,574
188,668
Net...
11,792
15,419
179,586
101,496
*Gr. Rap. & Indiana. Gross
275,242 241,523 2,465,721 2,039,872
Net...
95,746
87,313
835,087
678,326
OreeuB. W. & St. P. .Gross.
37,489
39,243
386,590
279,279
Net...
25,463
26,187
Kentucky Central
Gross.
104,797
92,201
884,493
765,051
Net...
45,512
39,852
375,141
280,818
liOulsv. A Nashv
Gross. 1,538,706 1,379,828 13,093,013 11,417 832
Net...
628,931 584,084 5,050,096 4,452,572
Mem.&Char
Gross.
178,549 160,909 1,359,173 1,091,433
Net...
68,908
82,098
305,680
337,565
». Y. Lake E. & W.. Gross 12,309,215 2,234,859 20,251,052 18,968 847
"-* ..t* 781,105 777,813 5,628,621
Net
5,089,480
H. Y. Ont. A Western. Gross. 145,356 120,004 1,298,813 1,131,281
Net...
30,271
20,433
239,377
176,317
Sort &, Western
Gross.
433,851 334,712 3,438,155 2,647,012
Net...
200,266 147,460 1,410,563 1,067,443
Vorthem Central
Gross
501,294 516,825 5,180,483 4,523,659
Net.
56,391
190,864 1,781,496 1,570,518
Korthem Pacltio
Gross. 1,674,881 1,443,667 11,032,407 10,129 ,980
Net...
912,121 874,660 4,668,477 5,007,417
Ohio A Miss
Gross.
413,137 367,747 3,445,118 3,205,259
Net...
176,664 139,817 1,241,264
965,833
OregonBy. ANav.O.Gross. 615,046 653,300 4,206,351 4,422,581
Net...
360,607 367,562 1,863,278 1,977,889
H>ll»-&Erle
Gross.
368,619 371,521 3,340,570 3,069,283
Net...
153,034 160,573 1,350,004 1,250,083
PU1». A Beading
Gross 2,085,791 1,961,676 18,089,322 16,156,017
Gross.
Net... 1,108.541
879,413 9,414,093 6,556
_,„„„, 457
Coal A Iron Co
Gross. 2,321,204 1.735,217 15,860,486 12,613 692
Net...
233,493 df.78,538 1,096,986 df.i759160
Total both Com'ies.Gross. 4,406,996 3,696,894 33,949,808
28.760 709
Not... 1,342,035
800,875 10,511,079 41797 1297
Pittsburg A Western. Gross.
207,218 145,133 1,692,999 1,278,607
Net...
55,371
Seaboard A Roanoke. Gross.
77,166
72,932
Net...
41,445
43,380
Shenandoah Valley Gross
96,043
81,954
743,821
615,286
Net...
16,656
20,102
125,346
102,350
Sumratt Branch
Gross
288,697 118,.560
Net...
101,522
17,962
Onion Paoiflc
Gross. 2,934,465 2,755,154 23,716,308 21,585,212
Net... 1,561,020 1,265,880 10,0051271 sloSS^ll
Gross.
Net...
Balttmore & Potom ao.Gross
Net...
Buff. NT. T. & Phila... Gross.
Net...
Una. A AtL, & br8....Gross.
$
.'leptember.
1887.
22,200
3,099
3,147
33,597
9,600
42,762
7,046
14,600
6,062
4,396
3,626
1,762
to
$
TEAB BEGINNING FEBRCART
5,925
'—Jan. 1
1887.
,
$
Gross. 1,340,854 1,146,367 9,857,542 8,799,622
650,192 614,461 4,694,001 4,656,109
Net...
Evans. A Torre H.... Gross.
80,750
63,963
659,858
570,501
Net...
42,291
30,009
353,452
307,710
78,402
90,481
PeorlaDec.A Evans. Gross.
635,687
591,969
Net...
35,695
53,912
298,035
289,188
So. Pac. ER. Co.—
Gross.
157,040 184,431 1,284,620 1,164,880
No. Div. (Cal.)
Net...
104,460
70,708
590,531
582,991
Gross.
256,059 318,421 2,927,183 2,397,923
So. Dlv. (Cal.)
Net...
29,183
123,735
950,089
738,115
49,201
Gross.
55,702
540,478
NewMex. Dlv
501,140
25,280
20,526
243,209
Net...
242,960
122,173 113,183 1,209,491 1,133,856
Gross.
Arizona Dlv
Net...
36,149
37,499
510,010
508,260
& St. Louis.
Boiidt.
a\
1886.
to Oct.
$
104,208
96,596 1,271,361 1,173,737
27,580
39,596
483,325
458,443
September
^Jan. 1 to Sept. 30.—,
1887.
1886.
1887.
1886.
$
886
813,668
810,977
Jan. 1
1887.
.
$
$
Central Pacific
304
10,153
2,086
.
1886.
XLV.
.
.
Net Earnings Monthly to Lat«st Dates.— The tables following show the net earnings to latest dates reported ,the returns
iOT each road being published here as soon as received, but not
kept standing from month to month. The first table includes
all roads for the latest month and from January 1, 1887,
the other tables showing those roads separately whose fiscal
years begin at other dates than January 1.
TEAK BEGINNING JANUAKY 1.
Allegheny Valley
& brchs. Gross.
4,568
45,928,
342,731
55,191
1887.
Boad.
West Jersey
864
October.
.
Decrease.
Increase.
1886.
1887.
3d veek of November.
[Vol.
Oreg. By.
A
Nay. Co. Gross.
Net...
9
615,046
360,607
653,300 1,925,442 2,091,268
367,562
967,474 1,050,090
TEAS BEGINNTNG DECEMBER
October.
.
1887.
A
Reading
Gross.
Net...
Gross.
Coal A Iron Co
Net...
Total both Com'lee. Gross.
Net...
*
2,085,791
1,108,541
2,321,204
233,493
4,406,996
1,342,035
1.
,
.— nrc. 1
to
Oct. 31.-,
1886.
1886-7.
1885-6.
$
$
$
$
Roadt.
Phila.
$
9
1,961,676 19,666,036 17,804,794
879,413 10,082,385 7,287,234
1,735,217 17,203,011 13,958,950
dt.78, 538 l,075,336df.l834731
3,696,894 36,869,047 31,763,744
800,875 11,157,721 5,452,503
All lines operated.
t After deducting amounts paid over to the New York Pennsylvania
Ohio and other branch roads operated on a percentage basis.
A
ANNUAL REPORTS.
New York Lake
fFcr
the year
Erie
& Western
ending September
Railroad.
30, 1887.^
net result of the Erie operations in the year ending
Sppt. 30, 1887, there was a net surplus over all charges of
$601,7*9, against $14,611 the previous yr ar. The floating liabilities over current assets on Sept. 30 this yearstooil at f 1,517,333, against $825,188 last year, an increase of $825,188.
The report of Mr.John King, President, shows that on the Erie
road proper there were carried of merchandise freighi 5,160,102
tons, being 361,342 tons more than 1886, and 1.043.855 more
than 1885. and an increase in ton miles of 83 469,519 over 1886
and 196,422,380 over 1885. This tonnage and tonnage one mile
The earnings per
is the greatest in the history of the road.
ton per mile on this traffic were '785 cents, an increase over
1886 of -018 cents and over 1885 of 'OSl cents.
On the Erie 8,789,158 tons of coal, anthracite and bituminous were carried, being 781,000 tons more than 1886 and
The number of tons of anthra2.651,916 tons more than 1885
The following table wiU
cite in this for 1886-7 was 7,009,566.
show the growth of Erie's own coal traffic for the past ten
Ab a
years:
1878
1879
1880
1881
1882
2.850,106
4,410,327
4,067,574
5,518.«50
6,104,672
1883
1884
1885
18S6
1887
6,580,820
6,a75,319
«, 137,242
8,008,153
8,789,158
The earnings per ton per mile on the coal traffic were '673
an increase as compared with 1886 of -035 cents and a
decrease as compared with 1885 of '017 cents.
The earnings per ton per mile on all freight were '687, an
increase over 1886 of '028 and over 1885 of 031, and the cost
of transportation was '452, an increase of '004 as compared
with 1886 and a decrease of '023 as against 1885,
The total number of passeogerscarrii^d in 18-7 was 6,865,903,
as against 0,261,118 in 1886 and 5,899,757 in 1885. The number
of passengers carried one mile was 188,107,422, an increase of
4,902,960 over last year. The earnings per pas-ienger mile
cents,
increased from 1-865 cents in 1886 to 1939 cents in 1887. Whilst
the through passenger business has decreased somewhat, as
compared with 1885, the local business shows a large increase.
All the above statements regarding traffic refer to the N. Y.
W. proper.
L. E.
"The businHSs of the Erie Express Company hag grown
steadily, until in Sept^mter, 1887, the grosj revenue was $116,263, as against $84,645 in the corresponding m'inih of the preceding year, or an increase of 37*35 per cent, with xn increase
in ezpensea of about 5 per cent, "nie contract between the
&
.
Dbobmbxr
8,
1
.
THE CHRONICLE.
1887,J
express and yonr company provides, as if usnal In such ca<>M,
that 40 per cent of the gross revenue hholl be paid to the thIIroad company. Under this Bystem your company received
$4'iIS,4(i8, being a decrease of |nt.028 as compared with the
previous year, the United States HxpressCompany having carried Us express over your lines during most of that period."
741
18A4-86.
Onerntlng eap«Htet—
Maii.txnaiMsof way
penM*
gross earnings of this road accruing to your company
leat<e, viz
sixty-eight per cent for "the yeHr, wore
$4,328,286. and its entire worliing expenoes were |4, 210,000,
resukini; in a profit in its operation ot |118,285, as against a
profit of $80,431 for the precedioa year and a loss of $239,820
for 1885 " » * *
"During the past year extended negotiations have been had
with the N. Y. P.
O. RR. Co. looking to a revision and
amendment of the lease." * * "The most important amendment is in reference to the payment of rental. Under the old
lease this company received 68 per c-nt of the gross earnings on the N. Y, P.
O. road up to six millions of dollars,
but afier the gross earnings exceeded that amount, only fifty
per cent. This has now been amended so as to provide that
for every increase of one hundred thousand dollars over six
millions in the grofs earnings, this company ;hall pay to the
lessor an ad itiooal one-tenth of one per cent of such gross
earnings until tne percentage paid to the Ohio Company shall
equal thirty-three and one-third per cent, after which the
percentage does not increase, but remains the same, no matter
what the gross earnings may be, so :hat this company shall
never receive less than sixty-six and two thirds per cent of
the gross earnings as compensation for conducting the opt-ration of ihe N. Y. P.
O. Co.'s road. A provision has also
been inserted providing a practicable method of obtaining
additiooul equipment when necessary, a want that has been
much felt duiing this past year."
,
&
7,12tt.048
471,4
14.847,516
4,587,056
16.888,688
6.111,408
17,390,678
6.819.68S
68-8689
06-2005
65-4075
S,Bil4
Qenerai ezpoiMa
Par rent of operatini;
"The
under the
*aa.am
4,158,180
TruuKiiortatlon oxpenaea
Mcteamln^
OHIO RAILBOAD.
ft4»,a46
1,8U.^,8M4
Total
NEW TORK PENNSYLVANIA &
475
1885-88,
S,124.0«7
1,945,384
4.306,910
6,534,100
!2,3«l«.04a
M.<lnii>iianoeot ear*
Mdtivp liower
•
to total
onniPHiiy'ii
ex-
grou ear'i.
Flgriire* of tralDo
1888-87.
8.»0O,»7»
1.817,084
4,778.866
Include
all
merduunI'M and
oxceot
tlut tar
*^
co»l.
uiie.
lienn iiinoiinto them wwi
! or
pr<>Hf>rtl III ( ;2 p. p. of lu itm-<»
'
m
pal4 to the W. T. Penn, A Ohio
IU
earnlngn) la 1884-86, ^^.o^i.vv,,
41.»21.04S- In
la
18l)5-8«,$l,«7i,054Mnl880 87, 82,036?84l.
OOMPARA-nva STATUIENT iff PkOrrT AMD I/>M FO« FUOAI.
ENOIXO REPTKMBCB 80.
1884-83.
£»miDir8— Main line
Working expensoe
1885-86.
8
dc bra.
1886-67.
18,934,.573
22..'S0O,048
14,347,517
16,388,638
4,587,096
286.548
455.421
6 111.410
292,521
424,8-.^9
6,8in,68&
272,627
401,508
2ttO,68J
229,109
266,623
6,589,748
7,057,869
7,760,343
24,310,358
17,390,673
&
&
Not earning*
Pavoula ferries
eamlngR.
Ifiteresinn i-eouritles
Other credit Item*...
Total credits.
JDibiU—
Pbvo
la ferries— expenses
Interest cm funded
rtelit ...
- Interest
We-lia« ken doekt
Guaranteed iutorest
IntereBt on loaiiH
Inte^e^t on luorttraKes, Ao.
Intere ton cqu ptuent
Rentals of leiwed Itnes
TaxeCainu of prior years
Other debit Items
Total deblta
aENERAL KBMARKS.
8
.
8
?30.248
308.143
•4,605.487
«4,453
2h,585
100,158
4,77.\578
58,314
li>.4l6
8
265,276
4,762,158
55,24&
........
14.323
349.518
1,215,820
102.823
4f,421
244,845
7,935
270,761
1,219,770
148,803
131,221
297.373
6.9tse.691
7,013.258
7,158,544
306 006
932 8U3
201.325
lit9,462
274,9.^1
Balance
df.
it. 1,376,943
tor. 14,611
sur. 601,799
with the other trunk lines your company found
* Allowlnn: for fall Interest on 2d coneol. bonds, though
it impossit'le to supply promptly all the cars required during
none was paid.
the lust few months of the tiscal year. The freight, passenger
BALANCC SHEET SEPTEMBER 30, 1835, 1886 AMD 1887.
and locomniive equipment has been maintained in the most
Attel*.
efficient rondition, and, as has heen stated, 17 new passenger
1885.
1886.
1887.
cars, 6S0 new fr> ight cars and 18 new locomotives were added
*
8
8
during he year." * * *
Total cost of road, &o'
165.640,559
162.910,160
164,075,962
"More equipment is needed. Ten engines are now being Stoeks owned
3,0J3.»15
3,082,415
3,082.415
293,819
340,620
340.62O
built at the Susqu-hanna shops and will be put; into service in Bonus owned
Advances to Coal <l!RR Co.
1.978.9»-9
2,008.4X2
2,0 9,338
Novemb. rand December; contracts bave also been made for ten Do. do. other
cot. paniea ..
()23,17{)
564,923
535,316
more euv ines to be delivered in January next. More pa^-senger
Currtiil Asie's—
3,fl40
62,148
53,151
and coal cars are required, and plans intended to provide for N. Y. Penn * Ohio KB....
Bills receivable
27,496
149,80*
this deficiency are now receiving the atieution of your board." Hatoi'ials
and supplies
958,936
679,625
l,19i',^
«
*
*
•
*
«
•
I>ue from ic*s\i£ht & pass.
agis.&o. (cirieln Oct,).
1,608.937
2,022,926
1,747,406
"The expenditures for improving the property during the Dae
407.4R2
frum IndlridB. & cos..
395, 97
579,447
year were certainly as large as could be consistently made by Casb
143.920
886,793
265,439
your c( m^any, considering the resources at its command. It
Total onrrent assets .
3,238,424
4,197,097
3,837,128
is a question of pressing and paramount importance as to the
Continaenl AifeU —
best methols of meeting from time to time the necessities of
150,994
150,994
150,994
the company, if the general business of the country improves, Marine National Bank
Chlc. 4 Atlantic R'way Co.
1,846.823
1,844.971
1,844,971
or even remains as at present. A floating debt is very unde- Other a(lvan<-es.
606,045
510,313
590,138
sirable and every proper effort should be made to avoid its N. Y. L E. & W.Coal A KB.
22J.771
Co. (opciV. Alnt.aco't)..
309,53
347,764
creation. The use of your company's surplus for the year
393,6o5
238.0^9
235,674
over the sum required to pay fixed charges and rentals for Sundry Indlvlds. and cos ..
improving the property was imperative. These and kinTotal contlng't assets
3,121 239
3,052,911
3.169,539
dred matters are receiving the careful attention of yotir board,
Total
of
assets
178,129,526
176,156,607
177,080,320
and it is hoped that, with increa>ing revenues, plans can be
Liabitme*.
adopted by wnich all stockholding interests will receive some
return for the capital invested, and at the same time the con9
8
77,223,100
77,303.700
77,863,200
Common
stock
dition of he property be brought to a higher standard of excel8,147.400
8,145,800
8.147,400
stock
Preterrel
lence, and the system of roads of this company be developed
75,268,4s6
78,500,385
78,550365
Bonded Indei.tedness
to its greatest earning capacity, both gross and net.
Deferred LuMlitie*—
"The principal of the car trusts has been reduced
the Amouutn due our own ooal
249,211
40.126
companies,^
payment of $7y,910 during the past fiscal year," * » *
•73,788
3,695,714
•22,308
e.'it on -.Id con, bonds..
"The fifth mortgage bonds of this company, amounting to Intel
21.000
21,000
21,000
mils payable
79.274
98,069
28903
$709,500, will become due on the Ist of June, 1888, and Sundries
arrangements have been made to extend the same for forty
4,064,024
UabUltles.
.
»72,2H
Total def.
years at 4 per cent instead of the present rate of 7 per cent.
Current lAaMiiet—
The amount of cash on hand Sept. 30, 1887, was $265,428."
130,156
2,631.847
Loans ai>d bills payable ..
It will be observed that the method of stating the gross Dividends
7.638
7,6.8
5,838
1,375,876
616,606
1,370,648
earnings has been changed in the tables below, as they now Bund iuterei-t due or sUi&i
197,911
231,378
224,780
include for each of the years given the total gross receipts on Other Interest
611.342
414,576
580,334
RentaUdue or accrued...
all roads operated; the percentages
paid several roads as Tratflc balances, freight...
it95,AS5
126,710
244.877
194,284
167.270
189,957
rentals are then deducted, leaving the aottial gross earnings Trattlo balanoes.passenger
"In
common
1
. .
.
I
W
belonging to the Erie Company.
The following statistics are compiled for the Chronicle,
including the N, Y. Penn. & O., and all leased lines:
OFBRATIOHS AND FISCAL BE8in.TS.
Operaliont'Passengers carried
Passenger mileuBe
Freight (tons) moved
Freight (tons) mileage
Earnings, incl. all Uated
lines
Mileage
Pay-rolls for September...
Audited vouchers
Misoellaueous
Tot current liabilities.
1886-87.
1884^85.
1885-86.
8,398,464
7,727,051
7,209,054
250,635.115 256,137,487 254,810.4.59
19,865,749
18,608,239
14,959,970
2,381,778,927 2,882,311,126 8,022,039,789
and branchtt—
Total Uabllitles
A$te**fnenli and
on old Erie stock
Prottl and loss Sept. 30. .
Sink fund, prior lien bonds.
445,.'}92
Total gross earnings
Proportion paid I'sd lino8t.
20,833,085
24,756.066
1,.S98,.512
2,-25t»,0l9
26,567,859
2,357,501
Total of liabilities
Leaving as gross revenue
18,984,573
22,500,048
24,210,358
Amount untundeU.
MaU
Express
..
250,7H0
515,723
.
."..'.',
Ulscelloneous
..
266,«66
455,469
500,139
6,447,600
5,022,285
5,354,460
171,149.010
169,187,058
169,488,138
8,284,451
4,511,723
100,000
8,284,451
4,522.596
100,000
8,284.461
0,134,196
100.000
"7896,174
7,907.048
8,508348
915,658
938.398
816,668
6,980,516
6,968 650
7,503.184
178,139,526
176,156,607
177,080,320
81S,4.»9
184,670
488,429
1.120,978
1,006.353
133,070
Ineom*
13,804,402
6,846,342
5,195,841
9,984,781
5,088,555
4,547,704
223.004
1,018,526
Betkuieu—
Asseesments, Interest, so.,
12,211,395
6,264,906
4,988,363
264,736
607,097
519,569
General freight
Coal
Passenger
184,328
858,126
959,883
308,381
Less discounts, A extending Erie 3d mort
THE CHRONICLE.
742
fVou XLV.
Memphis & Charleston Railroad.
the year ending June 30, 1887,;,
President McGhee remarks in his annual report
The annual report says that on the 35th of April, 1887, a
"In our
lease of the property of the company to the Oregon Short Line last annual report we called attention to the indications of a
JRailway Company was executed, the )ease to take effect as on revival in the general budness of the country traversed by
Oregon Railway
&
NaTliratlon Comp:in7.
(For the pear ending June
(For
30, 1887.)
:
January 1, 1887, and the agreement was guaranteed hy the your road, and expressed the hope that the Memphis &
Union iPaclfle. Since the close of the fiscal year, June 30, the Charleston Riilroad wai about to enter upon an era of prosOregon Sboit Line has pxpcuted a preliminary agreement with perity. This hope has been fully realized: there has been a
the Northern Pacific Railrcal Co. to join in the lease as jiint steady and healthy development of the
iterial resources of
the country which is tributary to your road. The stockholdand several lefsee.
ers
the
have
cause
of
operation
of
congratulate
this year cover the
to
The tranpBctions
themselves upon the large inproperty to Dec. 31, 1886, and the collection and distribution crease in the company's traffic, and upon other evidences of
the
During
fact
that
the
rental
im
June
30,
1887.
South
is
being
fr
Jao.
to
restored to p rmament prosof the
1, 1887,
the year there was ezpeodtd and 'Charged to operating ex- perity. It will be eeen from the annexed repor a that, as compared with the results of thepreceding vear, the earnings froM
penses:
m
M per cent
freight increase
of tlie intereBt, taxes Hiid expenses of the Northern
of the Oregon & CaUPnclllc TiM-Diiual Co., which Inchidcs
Railro.'uVs
proportion
fomiii
Renewals with stone and iron of the Wallula Des Chutes Umatilla
^
$90,226
and Jno. Dav bridles
164,3fi7
98,624
34,903
Tie renewals, 22&,217
EaU renewals, 29 miles steel rails
$388,121
Total
"The earnings show a small decrease this year on all div
isions. owing to a varifty of causes. The heaviest decrease was
4 3 10 per cent on the railroad division, and was due to the light
wheat crop in comparison with the previous year." * * »
There wis a large amount of land left to summer fallow
during the year 1886, and although there was a fair percentage
of new land put into cultivation, the amount was nc't sufficient to offset the acreage left t^ re^^t. The result of this was
a decrease in wheat tonnage of about 100,000 tons, which
would represent a gross revenue loss on this account of about
$600,000. As tho decrease amounted to only $166 000, it shows
an actual growth of general business of about |4S4 000," * *
"The cO!jip?tition < t the Oregon & California Riilroad, between Portland and San Francisco, has caused a loss of some
first-class passenger business on the 0:ean division, and its
opening f'ur Tig the coming year will take an additional share.
It is believed, however, t^at there can be no successful competiti -n on freight, and that the ocean steamers will always
carry the grtatbulkof this portion of the business betcreen
California and Oregon, ss well as the lower classes of pasfengers." * » *
"UBder the terms of the lease the cash on hand rs of Jan.
1, 1887, and accounts a'e turned over to this company
LO. R. & N J, and the value of the Palouse and Powder River
lands, hotel block at Portland, and town lots at various
places along the rail line, are to be ascertained by appraisal,
and the value of same turned over to this company in consolidated mortgage bonds at par. The appraised value has
not been agreed upon between the lessor and lessee, but it is
expected this allowance will yield to this company above its
floating lisbilities—
Ca«h and cash
Cunsol
niort.
about
assets,
$100 000
5 per cent bonds at par, about
i.»7f!t{l'
;v
L08»
bills pay.able
!"!I"!1"!
'
'''•>*'''
70oi0O0
1.533,.307
.3,406,713
1,039,941
2,528 533
:,093,643
4,072 387
Poo
$.500,000
trust obliiiations, $61,541,
" Oa the 29th of April, 1887, the Chanosry Court of Tennessee entered a decree dissolving the lease contract between the
Memphis
Charleston Railroad Cjmpany and the East Tennessee Virginia
Georgia Railroad Company, and the road
and property were delivered by the East Tennessee Virginia
Georgia Railway Company to the Memphis
Charleston
Railroad Company. At the time the contract of lease was
made, the Memphis
Charleston Railroad was in very bad
condition, physically and financially, and the principal object
in leasing the road was to keep it out of the hands of a receiver, and to pr( serve the property to s'ojkholdera.
That
object has been attained. The lessee company has not only
laKen goad care of the property, but has brought it out of its
bad condition into a high state of efficieacy; its management
has ac all times been such as to merit the cordial approval of
all the stockholders of the Memphis
Charleston Railroad
1
199
5=11
3 78itK5.
$177,605.
There has been paid during the year on account of car-
&
&
&
&
&
&
Compapy."
513 644
3b0 513
SOs'lSG
Total (tross cam^8.6,364,906
4 tiuie32.»7] ,456
4,082.118
2,599,358
5.546.542
3,086,496
5,294,5.59
3,053,H13
Road operated Jnne 30
Hetearnings
1.482,760
2,460,046
2,240,646
188.-85.
1885-86.
188C-S7.
Passengers carried one milo
17,096.061
Rate per passenger per mile
2'657 ets.
Freight (tons) carried one mile.... 68,202.228
1-241 cts.
Rate per ton per milo
^'^^^^'^^O
2,46S,046
2,393,450
INCOME ACCOUNT.
R.e,;pt,-
"^^l^"-
?fnraT&y.n:ito"''''*'<*
Tot'llncome
DUhursements—
Reotalspnid
Interest on debt
nivldtnil.s
Kate of dividend
Mis.
and
gink. fund...
OPERATIONS.
1884-«5.
1884-85.
$84i;,83t
4r)4,230
EamingtJ01,44^
_13^9u3
5,226
'll%%
2,694,891
1,621,663
2,465,272
2,449,074
354.180
44O.1H0
124,087
5J9.1^5
1,080,000
1,800.000
(715)
79.855
119,091
1.731
7f0.289
l,56iMiOO
,
(6's)
Freight
Passengers.
Express
United States
17,^63
41,834
24,344
niall
miscellaneous
330
17,618.881
2J75ct9.
1886-87.
330
20,631,288
2480
ct».
68,157,521 84,412,9!)4
1-194 ots
I'lSl cts.
1885-86.
1886-87.
$805,107 $1.0C8,110
609,189
436,174
23,517
17,337
37.391
37,S91
27,520
28,5eS
8i!..o.".8
1,560,000
(61..)
111.2 73
1885-86.
330
EARNINGS AND EXPENSES.
.1,221,386
June 30, 1887
Otherrtotlpis
the earnings
ings per mile of road operated were $4,869, aa against $4,011
for the preceding fiscal year.
"Attention was cilled in our last annual r.'port to the fact
that the compmy does not keep any accoun* of contiuction
and betterment?. All expenditures for ad iitions to the company's property are charged to operating expenses, and must
be made out of the company's earnings, no special fund having been pri>vided for that purposij, In pursuance of tb«
company's policy to put its road in proper condition for the
safe and efficient conduct of the business, your board has purchased 4,503 tons of steel rails during the year; 33 miles ^nd
930 feet of new steel rails have been put into the track, so that
at thd close of the fiscal year there were 239 miles and 4,548
feet of steel rails." * » »
" A branch road has been built at Decatur from the main
line down the Tenneseee River to the furnaces and fa itories,
and the Florerce branch of the roid ha-) baen co mected by a
branch road with the City of Sheffijld. Lirge c >a!in3[ stations
have been established near Bjlle llina, L^ightoa and
hontas.
'• The inadequacy
of the company's equipment, both aa to
amount and character, to the requirements of iti growing
traffic, has caused great embarracsment to the management
and to the patrons of the road. Your board did not deem it
desirat'le to increase the company's oar trust obligations, but
as additiors to the number of the company's freight cars
were absolutely necessary to accommodate the business that
was offered, your board authorized the purchase of 100 additional fl it cars and 100 gondolas of a capacity of 50,000 pounds.
Of these cars 100 flit cars and 79 gondolas have been delivered
and paid for, and the cost, $7l,67o, has been charged te operating expenses.
Additional engmea of greater power are
Deeded. Arrangements have been made to supply the company with four ten-wheel engines."
The principal increase in expenses over the expenses for
the preceding year, other than those expenses which are du«
to the company's increased tiaiHc, were in the maintenance of
424,886
Opcrafg exp.
;
way and equipment,
,
»lo.I,eipi-e8s,etc....
|303,002, equal to 25 per ceot
$800,000
300 000
"This company having assumed the settlement of the suits
brought by the Oregon Steam Navigation Company stockholders and the Oregonian Railway Company, the above
a'sets will be reservel until a final hearing is had in the
United
StatM S^prtme Court." * * " The appealed cases are to be
heard at ths next term of the Supreme Court, and a decision
will probably be reached by April, 1888.
The attorneys of the
rompany are confident of success, and if, as they expect, the
judgments are reverted, it will leave at the dispojil of the
company the balance of its afsets as above stated, J;.50O 000."
C-rnparatiye statistic for f u? years, compiled
for the
Chro.niclk, have been as follows:
EAKNINOS AKD ItXPENSES.
"'83-84.
188*-»5.
1885-86.
„
-o
^ ,
1886-87.
Boad operated,
miles.
399
657
714
752
Jiurmnas.«
$
«
$
Passeiig.r
Jf','"!'*
I
from passengers show an increase of $73,015, equal to 16 7 10
per cent; and the total gross earnings from all sources an increase of $383,343, equal to 31 410 per c.nt. The gross earn-
127,874
Total disb'mta
2,074,195
1.852,343
2,423.293
iiMfiTsl
)20,i99 Def.230,6S0 :Sur..41,979 Def..67,258
* These net earnings are from
July 1. 1886, to Deo 31 isafi fi.«™«
"""
tal ncelved helae riven for ihe
balance of the yea?
Balance, surplus
'' ™
Total
OpertUing exptntes—
Conducting transportation
Motive power
Maintenance of oars
Malnteniiuce of
(ienei-al
$1,323,529
$1,606,773
$377,738
$335,1.50
247,6"J0
2i8,803
65,480
$392,363
250,700
148,628
300,134
58,640
45,028
71,182
298,416
62,258
69,353
way
expenses
Taxes
Total
Ket earnings
$1,384,905
,
$1,116,642
$268,263
I!t6,i90
69,758
41,835
$937,214 $1,195,491
$386,315
?4U,28X,
I
—
Deoembeb
3,
THE CHRONICLE.
1887.J
IKOOMB AOUOUMT.
1885-86.
•Rrr- ipis—
Kit ('nriiiii»;8
1886-87.
•411,'. 81
8,i-0
f386,31S
.k<.^»b.. (>•....•••
MlisCfllitncouii
743
Rtiii khnlders.
Tlio new
onnlriictlon, cnrrlnl on In thn mont lononde*!
way, hasdunionH'rativl iIk^k I llml ijiiIroadHniniiii IhIuiIII In <>>lonMlo
far tbe uroceeilH of $20.1
"X)tmik
a mile, to miy nothing
vIm tor
the Ht<*okhold4TM to give
,r Avobaequcnt mortgage of a small auiiiuiit per uiUu, lu urdisr U) tlioruacWT
complete and eipilp any new mileage.
.
m
I
Total
Di»bitr$emenl4
—
IntortsloD bonds
Cartiu-t»
$380,315
«419,£31
9330,913
05,262
9376.r60
18,847
4,UU2
UUcelluucous
Total
Balance
t402,:75
*16,869
ilcf.
$.iu8,r,oit
aar.$:;o,023
GENERAL INVESTMENT NEWS.
—
Eastern (Xns'.) the directors have declared « diTid«ad ol
4i4 p*r cent, i)ayablH December 15, to stock of record Dea 8.
Tiiii is the first dividend sinoe 1878.
The amount of Eaatmt
B'dck t>h.Hring in the division is 49.970 shana and 5,S18 sharw
of Porismiuth Great Falls
Conwaj are entitled to tb*
same dividend ss Extern. The surplusis as follows:
Divisible balance
$325,002
4's per cent on 55,480 slnuos
„
iM9,700
,.
&
Surplus aliove dividend
PaciBc—The
followinj? la a comparative statemont
of the earniiigB, expenses and fixed charges of the comp»ny
for September, and from Jnnuiry 1 to September 30. The
mileage iB 1,408, agaioet 1,112 last year
Jati. I to Sept. 30.-,
S-p(ember.
188ft
188/
1887
1880
$l,;i40,854 $1,14(5,367 $0,8.')7,.V42 $8,7U».622
Oro«8 enrninus
4,143,.'>13
600,662
531,006
5,163,541
OvcraUuK expenses ..
Centrnl
:
$650,102
Net earnings
Add
—
.
.
.
$614,461
$4,604,001
9,305
1,044
rentals
Total net Income....
Fixed charges*
$651,236
4!55,807
$4,703,396
4,132,927
$105,429
25,830
$570,460
152,806
$4,656,100
re eltcted
the
old
$75,383
directors have
President, General
,
East Tennessee Yirirlnia
officers
t Georgia.— The
as
follows:
Samuel Thomae; Vice Presidents Calvin S. Brice and HenryFink; Secretary, L M. Schwan; Treasurer, J. Q. Mitchell.
Kansas Hldland.— This railroad will be completed to Ellsworth, Kan., about December 20, when work will be suspended
for the season.
Lake 8hore A Michigan Sonthern.—The statement
for the
quart« r ended Sept, 30, as submitted to the Railroad Commissioners, was ls below; the statement for nine months of the
company's year is also given.
^(frlertnd. Sept. 30.^
9 mot. end. Sept. 30..
Net
proflfs
Cou«tructiou
&
hnprt.
$417,573
$169,500
Baltince
1886.
Gross e^mingB.
$4,279,210
Opcmting expenses. 2,431,051
I'lxed cliiu-KCH inrliulc rentals. Interest, taxes
shlfcine fund, and rentals tor leusod lines.
*
oud U.
8.
Qoverniueut
—
Chester Valley. The Chester Valley Railroad will be 6old
January 17 under the recent order of the Court.
Clereland City Bonds.— The City of Cleveland 5 per cent
loan, amounting to |24S,000, was awarded to Messrs. C. H.
Venner & Co. at a premium of f9,300.
Cleveland Colainbus Cincinnati & IndiaDapolls.— The
earnings, expenses, &c for October, and for ten months, furnished for the Chronicle, are as follows:
,
.
Qross eiimUifn
Operating expenses.
NetciirninKS
October.
Jait. 1 (o Or(. 31.
.
1886.
1887.
$408,683
234,003
$3,77r).270
253,525
$200,713
Interest, taxes, 4c... 3fawi 68,375
Balanse
,
1887.
$4.")4,238
2,311,403
$173,780 $1,463,876
69,056
684,203
$132,338
$104,724
8,377
779,073
*416,787
$132,338
$96,347
$362,886
Additions to prop'ty
,
1886.
$3,427,335
2,160,837
Net earnings. ...$1,848,168 $2,274,989
Other inuomo
16,172
8,460
Total Income... .$1,861,340
Charges
1,078,.')51
$2,283,465
1,043,460
1880.
1887.
$11,210,953 $13,50l,23!t
6,050,036
7,41 1>U
62,076
$0,0^0,088
72,240
$4,013,903
3,250,130
$0,101,928
3,175,921
$'1,.551,917
$7«r.,7S9
$1,239,980
$1,357,863
$2,986,007
railroad
company has to\d to
$1,000,000 Easton
Amboy RaUroad
8ur. f(U(iuar....
Lehigh Valley.— This
&
&
C.>.
Messrs. Drexel
registered forty-year five per cent mortgage bonil", Th-«e
bonds are part of the $>i,000,U00 mortgage loan issued in March,
1^80, to the Lehigh Valley Railroad, in part payment of money
advanced bv that company for the construciion of the E.i8ton
& Amboy Ri'l oad.
—
Nevada Central. The purchasing committee propose to
modify the plan and agreement of purchase and reoriiaiiE c
$1,266,698 tion doted June 1, 1S87, so as to provide for an issue of $7.50,690,663 000 firbt mortgage 5 p.-r cent income bonds, intt^rest payable
out of net earnings only, and non-cumulative, in lieu of $750,576,035
162,974 OOU first mortgage 4 per cent bonds, and for an i.^sue of $750,000 of stock of tin
Surplus
1887.
$4,858,815
2,583,826
$413,061
New York Lake
new company in lieu of $1,000,000 stock.
Erie & Western.— The election, at which
• Purclmsc of new cars, $364,002
pur; purchase of engines, $33,250 ;
cbase of real estate, $19,535.
623,000 shares of stock and $30,049,000 bonds were represented,
resulted in choosing the following directors: J' ha King. John
Coanecticot Central. In the proceedings for foreclosure
brought by the New York & New Eoglaod Railroad Com
Eaijy against the Conntcticut Central, counsel for the minority
itereets of the latter road, have withdrawn their opposition
and the foreclosure will proceed.
DenTer & Rio Grande. The directors of the Denvir & Rio
Grande met Thursday to consider the question of a dividend
on the preferred stock. The action taken was somewhat in
the nature of a compromise, 1,^4 per cent being declare 1
catih and \}4 per cent in scrip bearing 5 per cent annual interest and redeemable et the pleaf-ure of the company.
A dividend of 2J4 per cent was paid in July, makini; nith the present
Oguen Mills, J. Lowber Welsh. William
Whitewright, William A. Wheelock, Henry H. Cook, George
W. Quintard, William Libbey, Cuitlandt Parker, Morris K.
Jesup, Jxmes J. Goodwin, William B. Dinsmote, William L.
Strong, William N. Gilchrist, Jooiah Belden and Joseph Ogden.
1 he amendments to the lease of the N. Y. P. & O. Road were
approved.
Philadelphia & Reading.- The Reading Railroad receiveis
paid tbe consolidated moitgage interest maturing December
They also offer to purchas , on and after December 8, the
1.
interest maturing in Drcember on divisional CLal-land mortgage bonds of the Coal & Iron Company at reduced ratts
—
—
m
5 per cent for the year, the full amount to which the
preferred stock is entitled. The directors issued a statemtnt
showing utt earnings for ten months end>-d O tuber 31 of
$2,70X,395, and cfctimatine net earnings for the full year 1887
at $3,284,045. Deducting fixed cbargf s, including interest due
on January 1, 1888, the net surplus will probably be $1,087,020
over :.Dd above the $591,250 paid for the dividend in July.
The directors' statement says:
"By this it will be seen that the company has earned net
fully 5 per cent on the preferred stock, but owing to the heavy
expmditurps which it has betn necessary to incur in widening
the gauge of its lines in order to make salisfact.ry connections
with thrt e important railroads low about entering Colorado,
in the put chase of large quantities of st:iDdard gauge equipment, in other improvements consequent on these changes,
and extra c:^8t of the new lines, over and above the amouct
realized from the sa'es of the 4 per cent consolidatt d mortgage
bonds, limited by the mortgage to $20,000 a mile, the company has been compelled to make such drafts on its cash reBourcts as to render it imprudent at thla time to divide more
thsn 134^ per cent in cash."
R muiks att'.'ched to the statement also give the following
lucid explanations:
Since llio I2th of .Tuly, 1886, the company has expended in constriiotlug 1 10 miles of new load, in betterments, in wi<Uuing the gaUKC and In
staudaiil (.Muve etiiiiinnenl. a little over ^ti.OOO.OOO cash, and hm In-
sums
im
creiibed the Ixmiled debt only :t:-J,.'<()0,(MPO of 4
eent lionds. tlii' i-emniiuleror tliee.'spense (wliieh inelude.s .•{1970,000 for new e<iiiipuieut)
lutving been defrayiil liy fiimLs ree<^ived from the KeorL-anizntiim L'oiuWlttee. jiroeeed.s of .iuloH of stock in the treasury (alieiidy l.<Huedi, and a
cnninuratively small amount from tlic earnings. Althiiugli tbe ompany
«ili have in eash, alter paying llie Ist of January intere.st, more tlian
p^!"" lent to baNupaid t lie lull dividend of 'J.^ percent in lasu, it wa.s not
lit
prudent to disburse it all ; but yet in Justice to 8t<K kboldcrs
uiouey had been us(Mi in improvements and rolling stock which
under the consolidated mortgage. It was deeme^l pi-opcr to Lssut^ the
rjiipiiividcnd, to be redcemc<l hereafter by the company, as otherwise
the pan ol the dividend now paid in scrip would never be realized by Uic
c
'
G. McCulkugh.
—Tbe gross
and net earnings for October, anl from D^c. 1
have been as below given. Tbe net earnings
companieo
aggreua'ei $1,342,034 in October. 1887,
of both
against $800,875 in October, 188C; lor thn eleven months, mt
in 1886 7 were $11,157,721, agarnkt $5,4")2,">C3 in 1S86-6.
RAILEOAD CO.
-» ,— 1 1 «•)«., Bm. 1 oOef.31.-^
October.
to Octot^r 31,
—
r—
1887.
1886.
Gross eamlugfi
f?/)S5,701 $1,901,670
Operating expenses
977,250 1,082,263
1886-7
IhS.Vti.
$19.66(i.ail
$17,804,702
0,583,600
10,517,5.'»»
$7,287,234
$879,413 $10,082,384
CO.
,-llmo»..Dee.ltoOe/.31.^
October.
Net earnings.. .$1,108,541
COAL.
A IRON
>
.
1887.
1886-7.
188«t.
Gross earnings... $2,321 ,205
Operatlngcxpcuscs 2,087,711
$1,735,217
1,818,755
Net earnings... $233,494
df.$78,338
Pittsburg
$17,203,012
16,127,674
$1,075,338 df.$l,834,72»»
& Western.-The grow and
charges for October, and from July
Grosseamlngs
Oi>eratiugezpeiues, taxes and rentals...
Nctenmlngs
on bonded debt
Interest
1
lK8.-,-ti.
$13,!i.-.m.!Ul.'.,70;!,677
net esrnings and
were as below:
to Oct. 31,
Oe'ober.
4 monlMi.
$207,218
lol.847
I**'*'?
04»,4m
$55,371
32,000
$215,017
>g8-0<X»
$87,017
$23,371
Burplua
Portland & Ogdensbnrg.— The report of the receiver ut the
OgdeLsburg road for the quarter ending Sept. 80,
Portland
&
shows
iu brief:
Gross caruings.*......
1887,
Expenses
*''!.',
.
'
''
'_
<"*-^a3
Net
The receipts from all sources for the quirter were $318,824.
the payments, including $28,445 first mortgsge bonds, $«87
-
THE CHKONICLR
744
TMlaB construction loan and |10,038 on account of new locomotivps, were 1203,204, and the balance of receipts were
«ie.l20.
R. T. Dorsey, of Atlanta, has been
appointed jseneral receiyer of this company. The committee
bad prepared a plan of reoreanization and had spcured the
aaeent to it of the holders of 1591,000 out of the $650,000 of
bonds of the road held by the creditors, but the holders of the
remaining $59,000 bonda have declined to afsent, and most of
these are understood to be held by banks. Receiver Dorsey is
authorized to is^ue at par $400,000 receiver's certificates,
which shall bear interest at the rate of 7 per cent. These certificates are for the purpose of paying existing liens, of which
The receiver is
tlie principal one is the contractor's claim.
also authorized to complete the road. The Daily Bulletin
ays: "How this is to be done is not clearly stated. There has
been a report that the contractor had agreed to accept from
the receiver at par certificates sufficient to cover the cost of
the completion of the line between Rome and Gadsden, the
property to be turned over in good working order on or before
Feb. 15, 1888. President Printup, of the Rome & Decatur
Borne
\tTfioxts
Company, who
is
now
in this city,
the creditors' committee, profess to
agreement."
and Chairman Edwards, of
know nothing of any such
—
Bntland. The mystery surrounding the Rutland Railroad
has finally been cleared away by the announcement
through a circular to the stockholders to the effect that
Del. & Hudson Canal parties have bought the road and paid
#45 per share for it. The Rutland Road extends 120 miles from
Bellows Falls to Burlington, with the Addison Branch from
Ticonderoga to Lester Junction. The purchase is to take
effect in 1890, when the lease of the Rutland to the Vermont
-deal
-Central (xpires. The control of the Rutland's stock is now in
Hudson and it will soon elect
the hands of the Delaware
&
officers.
—
Lonis Ottnmwa ft Cedar Rapids. Stockholders of the
Wabash Western Railroad Company met in St. Louis to ratify
the recent purchase of the St. Louis Ottumwa & Cedar Rapids
Railroad made a few weeks ago. The piece of road purchased
The terms under which the deed
is only 43^ miles in length.
was executed by Leonard Matthews to the Wabash Western
weie
bonds
Railroad
for 322
of $1,000 each, representing the
St.
principal of the old bonds. The contract requires that the
new issue stall I ear 7 per cent interest for the first two years,
per cent for the next three years and 5 per cent for the next
forty- five years.
m
—
Shenandoah Valley. The statement of earnings, expense",
&c., tot October and for ten months, furnished for the ChroniCiiB, were as follows:
-
Oclobtr.-
1887.
Oroueamises
$96,043
Expenses includ. taxes.
79,388
Neteamingg
Extraordiimrf expen's.
Surplus
$16,655
12,953
$3,702
1886.
.
Jan. 1
1887.
(o Oct. 31.
$743,820
618,475
$615,286
512,936
$20,102
16,090
$125,345
143,334
$102,350
31,820
$4,012 def.$17,989
$70,530
Wabash.— In
order to present a brief summary of what this
-oompany's charges will be under the plan of reorganization,
the following approximate statement is compiled :
Linet we»l o/ tUttUaippt Sittr—
'Interest cliarge
$802,000
gentolsC.B
115,(i00
175,000
1,100,000
700 000
165000
&Q
Kental Eel River
laies, including Detroit dlv. and Eel Biver (estimated)
."
Total annual cbarges
:&timated net earnings on West lines in 1887
Estimated net earnings on East lines in 1887
'.".
ft
BANKING COMPANY
Oi"
GEORGIA.
EEPOKT OF PRESIDENT
KST) DIRECTORS.
Office or thk
Central Railroad & Banking Co. of Ga.,
Savannah, Ga., September Ist, 1887.
To the Stockholders:
The following report of the present condition of your property, and of the operations of the fiscal year ended August
31st, 1887, is respectfully
submitted.
The Central Railroad System, which is owned and controlled
by your stock, consists of a number of railroads and lines of
ocean steamers, held and operated under various tenures and
conditions. To present a view of their extent and value in the
simplest and most condensed form, they may be classified into
the .system proper, comprising those lines of which the Central Railroad & Banking Company is the sole owner, and
the auxiliary system, comprising those of which it is only a
part owner.
THB SYSTEM PROPER.
This comprises the following lines
The Central Railroad, Savannah to Atlanta, 295 miles,
and Milledgeville Branch, 17 mUes, which are owned in
:
1st.
fee simple.
2d,
Augusta
&
Savannah Railroad, 53
annum.
miles, leased in perpe-
tuity for $73,000 per
The Eatonton Branch, 21 miles, leased in perpetuity for
$14,000 per annum.
4th. The Southwestern Railroad and branches, 321 miles in
operation, and 13 imder construction, leased in perpetuity
for a guarantee of dividends upon its stock ($5,099,400),
3d.
equal to eight-tenths of the percentage pai(l to Centrsll
Railroad stockholders, but not to be less in any year than
seven per cent. The annual rental is therefore $356,958
fixed, and whenever Central Railroad stockholders receive
dividends in excess of 8?^ per cent per annum, this rental
will be increased at the rate of $40,796 for each one per
cent of the excess.
5th, The Mobile & Girard Railroad, 85 miles, leased for 99
years from June 1st, 1886, at an annual rental of IJ^ per
cent on its stock of $1,269,707, equal to $19,046 per
annum. The Central Railroad owns $494,000 of this
fuaranteed stock, which reduces the annual rental to
11,636.
6th.
& Western Railroad, 89 miles in operation;
70 miles under construction. The Central owns the entire
The Columbus
stock, $1,750,000.
.
1886.
$81,954
61,852
iKentals...
Taxes (estimated)
Untt tutt of UitHttippi River—
Plrst mortgage, $22,000,000 at 5 per cent
•Second niorfKage, $14,000,000 at 5 per cent
EentalB CliicaKo division and sinking fund
XLV,
and ^atunxzuXs.
CENTRAL RAILROAD
& Decatur.— Mr.
1
.
[Yoh.
ISJOoo
60 000
260|000
S3 392 000
lisoo'ooo
2 200000
The Montgomery & Eufaula Railroad, 80 mUes. The
owns the entire stock, $630,000.
The Central
8th. The Eufaula & Clayton Railroad, 21 miles.
Railroad owns the entire stock, $100,000. This road is
7th.
Central Railroad
being extended 40 mUes to Ozark, under the charter of
the Eufatila & East Alabama Railway Company.
The
9tb, The Ocean Steamship Company of Savannah.
Central Railroad owns the entire stock, $2,000,000. The
steamship company operates lines of steamers from
Savannah
to
stock of the
New York and Philadelphia, and owns the
New England & Savannah Une, between
Savannah and Boston.
These lines are estimated as equivalent to 300 miles of
railroad in aU " per mile" statements of the assets and obligations of the system, as the capital invested in them and
their earnings are about equivalent to what that amount of
railroad would average.
The Central Railroad system proper, therefore, includes
1,282 miles in operation and 123 under construction. The
latter will all come into operation probably by April, 1888.
The means for their completion and equipment are provided
and
in hand.
In addition to the above railroad and steamship property,
the company also possesses, under its charter, banking powers
• On Uie second mortgage the right to bring suit
In case of default is and privileges, which have proved very valviable in the past
'Slupended tor eighteen months.
whenever any capital was devoted to the business.
One of the feattires to which the Wabash Reorgani"
The present management has been called on to provide
>*ation
Committee call attention to in their plan is the banking capital, and also for a floating debt of $1,350,000,
following
"The old second mortgage bonds, the con- which had been incurred in extensions of the Carolina sysfiohdated and the sevens of 1879 are to be included
To meet
in tem, and of the Columbus & Western Railway.
the fame new mortgage, but that mortgage is
ex- these and other wants, the board have issued and sold
tended as a second lien, principally because of the
pcsi- $5,000,000 of collateral trust bonds, bearing 5 per cent interest
tion of the consolidated and the sevens of 1879, over 596
miles (payable in May and November), running for fifty years, and
of road on which the old seconds have at present no
lien secured by the deposit of the following stocks and bonds from
'Whatever, making in all 1,018 miles covered by the new
second among the assets in our treasury:
mortgage, instead of the 422 miles now covered by
the old $1,995,000 stoclc of Ocean Steamship Company.
•«cond mortgages, besides valuable terminal property."
1,500,000 stock of Western RaUway of Ala.
The diesatitfied secoEd mortgage bondholders held a
614,000 stock of MoutKomory & Eutaiaa Railway.
meeting at the office of E. H. Harriman & Co. to
145,000 stock of Atlanta & West Point Raih-oatl.
pro100,000 stock of Eufaula & Clayton Railroad.
test against the plan of reorganization proposed by
the com1,400,000 flrst mortgage 6 i>er cent bonds of Port Royal & Western.
mittee of the Wabash Railroad.
The meeting was fairlv
Carolina Railway.
attended, about $900,000 of the second mortgage bonds
being
proceeds of this sale have paid off the entire floating
The
representtd. A committee consisting of Messrs. F.
J DePey- debt, provided $500,000 banking capital and put over $3,000,000
•ter, R. p. Hartehomeacd W. O. Harriman
was appointed to of casn in the treasury to build and equip the Columbus &
secure ihe co-operation of the second mortgage men,
and to Western extension to Birmingham, 70 miles, the Eufaula &
urge such modffication of the plan aa would give
them a Clayton extension to Ozark, 40 miles, and the Southwestern
laM;er interest.
extension, Blakely to Columbia, Ala., 13 miles. Stocks and
^S^ilta has telegraphed to New York that bonds wUl be issued upon these extensions to reimburse us for
*v .?'!*?'instalment,
and interest, on the first
-^Tm^'^
^lU be paid Januaryl, amounting to |435,000. mortgage bonds our outlay, which sectirities will be held in our treasury unincumbered.
r;
^ot*!
$4,000,000
:
EJ
—
DzcKHBKaS,
A
..
THE chronicle;
1887.]
ooiisolidate<l view-
ot the system proper
ia
of the entire outstanding oliligations
presented in the following table:
IndtbUdnet$ and Fixed
$184,000 of preferred stock, being the entire iamie of preferred.
8th.
OKNTBAL R^LROAD bYSTKU.
Ohcrgu.
Amounts,
Bonds and
BOADS AND OBUOATIONS. Guaranteed
Annual
Wlien Due.
Stocks Outstanding.
boniUi...
imleutetluess...
*4,090,OOO
•t,0()0,00()
Jan., 1893
July, 1891
CollrttlTill tl'II8t llOIld))...
5,000,000
May, 1937
FtTHt
iiiiii'tK!>Ke
CerlH.
(>r
B.VVASNAII
Gimnuteod stuck
AlUll'ST.l
312
1,032,200
"
Quarautoeil stock
73,000
31
i'67,6o6
14,000
5,099,400
356,958
SOtrrilWKSTKUN Kailroau
AND KXTKNSION
333
Guarantoctl Stock
MOST<iOMKRY A ECKAULA.
First luortj^iiKO Bonds
.
*
80
July, 1909
1,500,000
.
Westkrn
90,000
AND EXTKNSrON
159
First moriKiiKe bonds...
WestAtriL .\liil>uma bonds,
MOBII.K & OlItARD
First mortgiiKe bonds .
800,000
260,000
GuaruntAoti stock
vfe
Clayton
48,000
20,800
261,000
Jan., 1889
19,000
June, 1897
800,000
June, 1897
775,700 1-5
20,880
1,110
32,000
11,636
No
.*jid
Extension
Oct, 1888
85
.
Second mortgago bonds
Second inortguge bonds.
EnFAUi.v
Jan., 1911
obligations.
61
Ocean Steamship Co
First
300
mortgage bonds...
Totals
987,000
Jan., 1892
!$26,301,300
Average per mile.
$18,725
59,220
*1,603,56-1 1,405
,141
.
This table takes no credit for the investments of the comin its banking department, or in its auxiliary system of
roads, before referred to as comprising roads of which it is
only a part owner.
statement of the latter is herewith
presented.
pany
A
THK AX7XIIJABT 8TSTEH,
This comprises
Ist.
cent lx)nd8, due January, 1914.
& Tennillo Railroad. Tennillo to Dublin, 35 miles.
It has 2,800 shares of prefHrrfxl stock, 2,000
shares of common stock. The Centra' Kailroad holds note*
of this road to the amount of $28,000, secured by a flnt
mortgage on the property, and owns all of preferred
The Wrightsvillo
amounting to $70,000.
Ellaville l{ailroa<l, Americns to Bowui
Vista, 30 miles. The Central Itailroad owns $78,000 first
mortgage six per cent bonds on this road, dun January,
1915, being the entire issue.
Also $15,000 in notes, to be
funded in first mortgage bonds. Also $65,000 of stoolc,
out of a total issue of $150,000.
11th. Louisville
Wadley Railroad, Wadley to Louisville, 10
miles. The Central Itailroad owns $30,000 first mortgage
seven per cent l)onds of this road, due January, 19l5,
being the entire issue.
12th. The Sylvania Railroad, Rocky Ford to Sylvania, 15
miles. The Central Railroad owns $33,000 six per cent
first mortgage l)onds upon this road, due January, 1916,
being the entire issue.
13th. Talbotton Branch Railroad, Bostick to Talbotton, 7
miles. The Central Railroad owns $35,000 first mortgage
six per cent bonds on this road, due January, 1913, being
the entire issue.
14th, In addition to the above incorporated radroads, the
Central Railroad has furnished old rail on rental for some
70 mUes of private lines of railroad, built from its main
line to reach contiguous lumber districts. The value of
the old rail so furnished is estimated at $130,000, for
which the different lessees pay rental.
The auxiliary system, therefore, embraces in all 1,352 miles
of railroad in which the Central Railroad owns part interests,
either one-half or greater, represented by $3,894,800 of stocks
and $3,304,000 of bonds or mortgage notes.
As a whole, the auxiliary system at present is scarcely more
than self-supporting, and yields but little direct net revenue.
Many of its lines, however, are rapidly improving in condition
and prospects, and we may reasonably hope in a few years to
receive a very fair income from these investments, as well aa
sto<;k, 3,800 shares,
53
Eatonton Bkanoh
OOLUMllUS
9th.
9349,930
276,000
250,000
Jk.
The Cotumhiis ft Rome Railroad, Columboa, O*., to
Greenville, Oa., 50 miles, narrow gau((e. The Central
Railroad owns 4,780 sharea of the capital iitock of thia
ruad out of a totel iaeue of 0,000 eharea. There are onfrstanding against this property $300,000 flrst mortgags alz
jx-r
Fixed
Charges.
Cbntrai. KaII.KOAI)
746
The Western Railroad of Alabama, West Point, Ga., to
Ala., 138 miles.
The Central Railroad owns
Selma,
11,500,000 of the capital stock (|3,000,000), the other half
being owned by the Georgia Railroad & Banking Company, and included in the lease of its road and assets.
There are outstanding against the road $1,.5 13,000 eight
per cent mortgage t onds, due in 1888 and lt<90.
3d. The Georgia Railroad and branches, 307 miles.
The Central Railroad owns a half interest in the net results of the
lease of this road, the Louisville & Nashville owning the
other half. The annual rental is $600,000. The lease carries with it a half interest in the Western of Alabama,
138 miles one-fifth interest in the Port Royal & Augusta
10th.
Buena Vista
&
&
a constantly increasing exchange of traffic. Meanwhile, it is
of much value to the system in the development of adjacent
territory and in feeding the main lines' with a considerable
business, which it would not otherwise enjoy.
All of these auxiliary roads have independent organizations,
and their earnings and expenses are not included in the reports of the Central Railroad system, although, from motives
of economy, five of them are operated by the same executive
officers and staff, as the Central, to wit: the Port Royal &
Railroad, l\i miles; five-eighths interest in the Rome Rail- Augusta, the Port Royal & Wt stern Carolina, the Savannah
road, 30 miles; thirty-six per cent of the stock and certi- Griffin & North Alabama, the Upson County and the Columficates of the Atlanta & West Point Railroad, 87 miles; bus & Rome.
and sixty per cent of the stock of the Gainesville JefferBKSUKK OF ENTIRE PROPERTT.
son & Southern Railroad, 65 miles, narrow gauge.
8d. Port Royal & Augusta Railway, Port Royal to Augusta,
From the foregoing detailed exhibits it appears that the
112 miles. In addition to the interest carried in this road entire property of the Central Railroad & Banking Companj
by the Georgia Railroad lease, the Central owns $900,000 consists of:
of the income bonds of this road out of a total issue of 1st. The system proper, embracing 1,405 miles of road finished,
$1,500,000, equal to a three-fifths interest and $50,000 of
or under construction with funds in hand to complete, and
the stock, out of a total issue of $750,000.
carrying obligations ahead of the stock equivalent to $36,There are outstanding against this road ahead of the income
301,300, at a present average interest of 6 1-10 per cent.
bonds and stock, $250,000 first mortgage six per cent bonds, 3d. A bank with $500,000 paid up cash capital.
due January, 1899, and $112,000 second mortgage six per cent 3d. Investments controlling an auxiliary system of 1,353 miles,
bonds, due July, 1398. Sinking funds are accumulating which
represented by $7,198,8(10 of stocks and bonds.
;
will retire these issues at maturity.
4th,
The Atlanta
&
Railroad, Atlanta to West
Point, 87 miles. In addition to the interest in this road
carried by the Georgia Railroad lease, the Central Railroad
owns $145,400 of the stock out of a total issue of $1,332,
West Point
200.
There are outstanding against this road ahead of the stock
an equal amount
($1,332,300) of certificates of indebtedness,
bearing six per cent interest, which the company can retire in
July, 1891.
&
The Savannah Griffin
North Alabama Railroad, Griffin
to CarroUton, 60 miles. The Central Raibroad owns $493,000 first mortgage bonds of this road out of a total issue
of $.500,000, and $601,100 of its stock out of a total issue
of $1,011,200.
h. The Upson County Railroad, Bamesville to Thomaston,
16 miles. The Central Railroad owns $116,400 of the
stock of this road, out of a total issue of $133,300. There
are no bonds upon it.
6th.
h.
The Port Royal
&
Western Carolina Railroad, Augusta
to Spartanburg
Laurens to Greenville and McCormick
to Anderson, 330 miles.
This company has recently
;
been organized by the
consolidation of the Augusta
Knoxville, the Greenwood Laurens
Spartanburg,
the Greenville
Laurens and the Savannah Valley railroads. The Central Railroad owns $1,573,000 first mortgage six per cent consolidated bonds on this propoi-tv, out
of a total authorized issue of $2,500,000, of which $357,000
remain in the treasury of that company. Also, $094,000
of its common stock, out of a total issue of $1,234,000, and
&
&
&
To estimate the capitalization per mile, the indebtedness of
the system proper should be reduced by the value of the investments in the bank and the auxiliary system, for this indebtedness was partly incurred for the purpose of making
these investments.
Five million dollars would be a very low cash valuation of
the bank capital and the stocks and bonds of the auxiliary
system.
Deducting this from the total indebtedness as shown above,
and the remaining net obligations of the system would be
$31,301,300, which, on 1,405 miles, would give the average
obligations of the company, prior to the stock, of $1.5,161 per
mile. The stock of the company ($7,500,000) averages $5,834
per mile, making a total of $20,485 per mile. So low a capitalization for such an extensive and well equipped system,
with ample terminal facilities in all the cities and towns which
it serves, can scarcely l)e paralleled. The capitalization of the
road in 1861 was about $22,750 per mile.
An examination of the exhibit already made of the bonded
indebtedness of the different lines in the two systems will
show that opportuniti&i will soon be presented to effect very
important reductions in the fixed charge of the oomponr by
funding at lower ratea of interest a large amount of indebtedness now bea.ring six to eight percent.
The character of the security and the credit of the company will enable us to refund all at five per cent and probably
at less.
The following statement shows the amounts, rates and
dates of maturity of the issues which will offer this opportunity during the next five years.
THE CHRONICLE.
746
ru.t
1
...i
1
Jap!
ll
$632,000 8 per ot. Western AlRbama.^61,000 8 per cent Moliile & Girard1,171,000 8 per cent Western Alabama-
IfiSR
1889
n% ; iZqh
V,?ivi 1891
j2 V 1 1891'"
Trti i'isq2
T^n
4,600,000 6 per ct. Certif. Ind. C. E. Rct. cert. Ind. A.&W.P.
e
987,000 6 per cent Ocean Steamslin;.
4,999,000 7 per cent Central Kailroad.
'.'."
W
;::."."".. -1200;0( O
1893"I!IIIi.1
Average, 6-67 percent.
$13,850,000
cent,
If these bonds can be funded at an average of five per
annum,
the annual saving to the system will be |229,7a0 per
over $200,000 of which will accrue to benefit of Central Railroad stockholders, being equal to nearly three per cent upon
their stock.
•fptjil
OPBBATIONS FOE PAST FISCAL YBAB.
The financial results of operations for the fiscal year ended
August 81 are set forth in the following table, with the results of the year previous, for purposes of comparison.
GROSS EAJtSINGS OF KAIIJtOADS.
1886.
1887.
^n"a'S'^n??^ol1on^"rrcts*..'^?f.>2,589,682 53
Boutliwcstem and Mcihilc* Girard RES. 1,292,932 94
192,336 47
cXmhus&WoRten. Railroad
322,453 38
Monf«<>mery & Eufaula RaUroad
Eufaola
& Clayton
24,275 18
Railroad
$4,421,680 50
Total.,
*2,389,432
1,197,045
173.207
299.689
23,276
& Savannah
$1,365,458 35
and Eatonton branches
770,723 20
Bouth-nestcrn and Mobile & Girard REs.
113,917 00
Columbus & Western Railroad
174,56157
MontBomery <fe Euf aula Railroad
17,104 87
Eutafla & Clayton RaUroad
$4,082,652 36
$2,441,814 99
Total
Net earnings railroads
Net earnings BteamsUp companies
net bank and Investments
Total net Income of company'
$1,322,005
891,343
121,079
152,887
18,558
63
25
68
53
14
$2,505,874 22
$1,979,865 51
274,194 22
35,581 93
$1,576,778 14
469,451 95
36,220 53
$2,289,641 69
$2,082,450 62
$2,289,641 69
Bcntaluf roads
Interest on eertiflcates of Indebtedness.
1,361,087 50
$1,009,654
$600,000
55.479
100,000
15,000
770,479 57
• The published report of 1886 did not Include the Mobile
Railroad, which is here added to it for purpose of comparison.
& Girard
For details of operation, the usual financial statements and
the physical condition of the property, reference is made
to the reports of the General Manager, Cashier and
other oflSceiB. It may be stated briefly that the property
generally is in excellent condition, both as regards track and
equipment, and that it is being i-nproved steadily. No construction account is kept, but all betterments are charged off
with running expenses.
OCKAN STEAMSHIP COMPANY.
The net earnings of this company show a considerable decrease as compared with those of the previous year. This is
due in part to a war of rates and incrtased competition in
Florida, and in part to extraordinary expenses of very extensive repairs to our fleet and for terminal facilities in New York
during rebuUding of our wharf in that city. The new year
prospects.
GEOBOIA RAILROAD LEASE.
This lease remains unprofitable in its direct
results,
as filed at Albany, shows:
StS^^^fS;^::::::::::::-::::;
^^
othS^lZS:^:::::::::::::::::::::::;
^i;g^«
g^S^s::::::;:::::;::::::::;;;;:
^.l-Mt
BivS^L!^—
;— :::::::::::::Wp.e.)^M
Burplus tor year
Sugar
Sugar
Sugar
Mclado
Molasses, foreign
Molasses, domestio
Hides
Cotton
Rosin
Spirits turpentine
Rice, E. I
Rice, domestio
Manila hemp
Sisulhcmp
1887.
Dec.
1886.
Dtc.
1.
1.
hhds.
hhds.
None.
7,320
17,341
46,358
42,271
233,819
143,234
121,600
2,891
None.
1,220,140
None.
2,805
626
652
bbls.
500
No.
299,900
78,913
18,365
1,500
348,300
102,399
25,168
1,066
1,068
7,400
3,250
None.
3,000
338,100
182,677
19,486
1,869
461
5,300
2,860
None.
12,200
29,000
15,801
bales.
bbls.
bbls.
bbls.
bags.
pkgs.
bags.
bags.
bales.
bales.
bales.
1,828
499
5,500
2,000
None.
12,750
6,600
6,600
3,788
16,238
25,333
40,589
44,950
217,761
27.431
67,800
14,363
4,111
1,949,,356
None.
14,,500
1,650
6,600
8,281
2,189-
^17,428
closing at 7'50c. for prime city, 7 80c. for piime Western, 7 85o.
for refined to the Continent and8c.@7'75c. for South America.
DAILY CLOSING PKICBS OF LABD FUTCKEB.
Satnrrl'y. Mwid'y Tneady. Wednfd'y. Thumd'y. Friday.
7-33
7-43
7-49
7-63
7-70
Decemb'r delivery. 732
7-45
7-52
7-37
7-65
7-70
January delivery.. 7-36
7-43
7-52
7-60
7-73
7-78
Febriuiry deliv'y.. 7'43
7-50
7-58
7-79
7-84
7-67
750
March delivery
7-57
7-56
7-64
7-73
7-87
7-89
delivery
April
7-62
7-62
7-70
7-97
7-80
7-99
May delivery
7-73
7-66
7-84
67
8
00
8 04
Jime delivery
7
Pork has advanced 25@50c. per bbl. and closes unsettled..
Cut meats are also dearer, and provisions generally have
shown an unward tendency.
Rio cofifee was quite depressed for the first half of the week
under review, and speculative values tr.uched the lowest
prices that
the market
Quoted at
have been made in many months, but yesterday
was steadier, and to-day was active and buoyant.
17Jic. for fair cargoes, with sales at 15 11 16i316i^c.
ana No. 6, and t300 bags Marscaiho at about 17®
171,^0., and Rio options clo ed with sellers at 15-10@1.5 20o. for
thespriogand summer months; 14 65@1.5-05c. for next summer, and 14'10@1440c. for later options. Riw sugars have been
dull and drooping, but to day weresteadier at 5V^@5 3-16o. for
fair refining Cuba and 5Jge. fur centrifugal. 96 deg. test.
Mofor No. 7
lasses is firm at 40(a47c. lor
sale on Wednesdiy
Third Arenne N.T. (Horse RR.),-The statement
80,
9,601
tea.
15,240
hhds.
46,064
bales.
39,688
bags.
248,138
bags.
129,546
mats.
121,600
hhds.
3,013
boxes.
None.
hags, &c. 1,451,832
bbls.
Tobacco, domestic
Tobacco, foreign
CotTee, Rio
Coffee, other
Coffee, Java, <fco
The tea
but
there is reasonable assurance that it will not long remain
so
The current year opened with largely increased net earnings'
and the results would almost certainly have shown a fair
profit but for the unprecedented floods of July.
These carried
away some unportant bridges and interrupted the traffic for
many day s, and wiU necessitate some expensive repairs. But
in gpite of this drawback, it is hoped that
the deficit of last
year will be largely reduced, if not wiped out entirely
Respectfully submitted for the board.
E. P. ALEXANDER, President.
year ending September
Pork
Lard
1.
the advance does not fully correspond with the speculative
improvement. To-day there w»s more doing at an advance,
$239,175 15
much improved
1887.
Xov
The speculation in lard has been active at buoyant prices
from sympathy with the advance in corn, and to day there
was was a further advance. Lird on the ppot is dearer, but
72
00
57
00
00
Surplus.
opens with
The following is a statement of the stocks of leading articles
of domestic and foreign merchandise at dates given:
$928,554 19
81,100 53
:
Dividends, 8 per cent.,
Advanced to Georgia RR., def. in lease
Sinking fund Ocean Steamship Co
Binkiug rd Moulgom'y & Eufaula Ry.
A
Saltpetre
year
Disposed of as follows
2, 1887,
an impulse to seasonu
retail trade, but threatening the early closing of inland
closer monfy market has
navigation in northern latitudes,
been but little felt in commercial circles, where business generally is of a holiday character. It may be noted, however,
that in the face of a speculilive advance in food staples they
have been taken more freely for export, showing that shippers have resisted the higher prices till they could do so no
longer. The strike of the coal miners in the L-high Valley
region is in course of adjustment, and work has been partially
Jute butts
Escess of Income over fixed charges.
cold, giving
aMe
Linseed
$621,970 00
463.117 50
276,000 00
Total fixed charges.,
last
Friday Night, Dec.
The wf ather has turned
Tar
APPUCATION OF NET INCOME.
Net Income, as above
Lesetntereet on bonds
COMMERCIAL EPITOME.
refumtd.
77
97
39
88
35
BXTEXSES AND TAXES.
Central Railroad, Aiipieta
Add surplus of
{you XLV.
for the
^jig*^«o,852
"Ijij
a .c
!IS
dot $59,245
New
went
Orleans. Rice is held higher.
off ac steady prices.
K-^ntuchy tobacco is withcut decided change lugs, light
and heavy, 4}4@^/i''-< ^f^f, light and heavy, 6i:^@15c., including medium to good at 7J^@ 11 J^. Seed leaf is quiet. Siles
;
for the week are only 1,270 cases, as follows: 100 cases 1883-35
crops, Pennsylvania, 10@14i^c; 100 cases 1886 crop, Pennsylvania, private terms; 150 cases 1886 crop. Pennsylvania
Havana, 10@20c.; lOO cases 1895 crop, Ohio, 7%c.; 150 cases
1886 crop, Ohio, 7@ lOc, 50 cases 1884 crop, Wisconsin Havana,
private terms; 100 cases 1885 crop, Wisconsin Havana, 9c.; 150
oases 1886 crop, New E island Havana, 13@35c.; 100 cases
1886 crop New England, 12@'6c.; 100 cases 18S6 crop. State
Havana, 8@16c.; 100 cases 1S86 crop, Dutch, private terms, and
70 cases 1886 crop, zimmers, private terms; also 400 bales
Havana, 60c.@fl 05, and 250 bales Sumatra, $1 40@$1 70.
Spirits turpentine has been active and closed firmer on favorable for>-i^n advices, with stocks somewhat reduced quoted
at 37^(237^0. Rosins and tar unchanged. Crude petroleum
certificates have latterly shown a hardening on the reduced
flow of wells, and today were active and buoyant, closing at
76®76J^c. Wool is quiet. Hops are firm but dull.
;
The speculation on the Metal Exchange has been quieter for
but has continued active in copper, and a,l:irgt> movement
in lead has taken place. Straits tin closes at" 34}^@3i?^c. on
tin,
the spot and Z2<&S2}^c. for futures; iogot copper last sold
l.'ij.^c. for Decembtr, 16c. for January and 15 3o,'. for May,
and domestic lead at 6 '20c. for December and January.
at
. ..
.
Dkokmbeb
THE CHRONICLE.
1887.1
8.
COTTON.
Friday,
P. M., Doc. 2, 1887.
as indicated by our telegn^amH
from tho South to-night, is eivon below. For the we«k ending
Ihid ovonin^ (Doc. 2), the total receipts have reached 252,400
bales, against :MS),3S.i IniIps last week, 284,816 bales the previous
week and 301,600 bales throo weeks since, making the total
receipts since tho Istof Sopteuiber. 1887, 3,130,948 bales, against
3,7l;i,590 bull's for the suine period of 1880, showing an increase since September 1, 1887, of 417,3.56 bales.
Tub Movemknt op thb Crop,
RteeipU at—
Uon.
Sat.
OAlvt^Sloil .,,...
8,485
3,802
Wed.
Tutt.
7Vi«r«.
Fri.
Total.
4,048
83,993
11,162 13,751 11,031 11,268
809
2,426
1,044
1,550
84,590
10,010
3,621
7,803
6,334
IndlanoUtiiSco.
New
Urloiuu
Mobile
14, .343 23,001
. .
1,250
2,970
4,804
0,339
674
750
2,576
6,149
3,014
3,059
1,699
1,190
33,319
3,014
14,527
1,0S7
8,074
76
Floriaa
Havannah
Bruusw'k.Ao.
cborloston
Port R«yal,&o
Wilmington...
5,360
8,254
2,066
2,602
1,741
1,883
1,043
1,349
1,298
1,495
\Vo<)tFoiut,ibo
546
541
Wiwli'gton, 4o
Norfolk
7,323
3,951
4,048
5,029
2,315
4,291
3,709
24B
S02
.549
344
300
855
3.1
390
170
Nkw York
Boston
102
125
227
4,103
4.986
2,142
2,523 3,448
3,028 10,019
23,343
28,105
3,079
5,088
1,200
1,333
riilladuliilua.dcc
879
582
638
528
BitlUuiorn
1,443
1,202
99
622
112
week 30,872 53,373 34,893 42,938 37,600 40.721 252.400
For comparison we give the following table showing 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
Totals this
la.it
year.
1886.
1887.
TMs
Since .Sip.
1887.
Thi*
Week.
461,937
39,005
895,733
117,378
Florida
750
12,507
finvaauah ... 33,319
592,123
iirun8w.,&o
*33,419
3,014
Oharloston .. 14.527 •268,458
P.Eoyal, 4o
1,087
9,598
Wilmington
127,212
8,074
WaaU'fu,&c
227
2,828
Norfolk
23,345 270,151
W.Point,&c 28,105 283,231
New York.... 3,079
7,079
Boaton
5,088
30,046
Baltimore
1,200
4,523
94,054
10,023
Dee. 2.
Week.
<>alTe3ton
...
1,
33,993
Stock.
Sinee Sep.
1, 1886.
1887.
1886
444,313
120,488
108,443
84,536
10,049
727,208
103,354
11,138
525,545
15,407
261,038
11,399
91,931
2,251
312,763
135,349
26,980
18,252
11,800
14,730
315,505
30,020
310,802
33,412
.
.
PhU'del'a,
ic
1,333
834
39,387
1,270
20,434
143,780
130,987
389
50,600
2,995
18,816
80,394
7,045
303
33,778
10,733
3,440
3,740
3,301
754
6,001
On MAtpioard,
Dee. 2, AT—;
55,695
14,209
107,916
13,000
10,424
17,912
762
26,688
64,158
184,939
10,000
21,414
11,970
NawOrltau.
MobUe
Cbarleston
Savannah
ooiuitcd at Savuuii.oh.
In order that comparison may be made with other years,
give below the totals at leading ports for six seasons.
at—
33,993
84,556
10,049
33,319
13,614
8,301
23,345
28,105
15,124
39,005
94,654
10,023
39,387
20,823
7,948
33,778
10,733
13,305
41,000
79,087
week 252,400
275,710
Mobile
...
Clmrloat'n,&c
Wilm'fft'n,
.to!
Norfolk
W't Point, &cl
Ail others....'
I'ot. tills
1887.
1885.
Savannah
Totjil 1887....
114,678
Total 1886.
Total 188S.
149,742
156,056
The apecnlation
I
28,000
16,050
19,000
12«,78»
7i,tea
27,eoi
02,266
58,346
42,140
58,823
24,074
230,724
e60,7U
50.161
32,141
64,002
03,089
18.322
23,014
288,127
274,900
707,049
635,133
04,989
4,500
19,300
16,000
Non<t.
in cotton for future delivery at
38,4m
tbU market
opened the week under review somewhat depressed. TheconTiction gained ground that the crop had been undereetiuMted,
and in the course of Saturday and Monday prices declined a few
points.
But operators continue sensitive to a decrease in the
movement; and on Tuesday, when receipts at the ports were
18,000 bales below the corresponding date last year, the
market beoame buoyant. A further advance on Wednesday
was caused by a marked improvement in Liverpod, a
better market at Minohester, and fresh rumors of small
crop estimates soon to be made public.
On Thursday an early decline was turned to a sharp advance
by renewed buoyancy at Liverpool (where also the
opening was lower), and reported small receii.t3 at H^w
Orleans but when full figures came in, selling to realize
caused a sharp decline, though the close was steady at some
further advance. To-day an early advance was followed by
a sharp decline, through selling by an outside party, but
thore was a partial lecovery in the last half
hour.
Cotton on the spot declined l-16c. on Monday, advanced
1-16j. on Tuesday, tiie same again on Wednesday, and agaio
on Thursday. To-day the market was quiet at lOJ^c. for
middling uplands.
The total sales for forward delivery for the week are 850,000
bales. For immediate delivery the total sales foot up this week,
for export, 1,631 for consumption
1,631 bales, including
for speculation and
in transit. Of the above
oalee
were to arrive. The following are the official quotations for
each day of the past week Nov. 26 to Dec. 2.
——
—
—
—
UPLANDS.
Ordinary
,
1884.
1883.
1882.
9,071
33,701
22,557
4,220
29,103
12,252
10,000
24,548
102,040
14,731
34,501
24,155
5,375
38,490
16,847
15,007
31,515
80,315
19,711
30,907
20,970
6,469
35,588
12,843
21,166
26,200
68,871
11,333
34,090
30,834
6,437
37,701
11,607
19,860
242,797
270,300
205,484
247,01";
g>8
9.1?
'18
lOJie 10
llOSi, 1014
lOia
107•1
Strict (Jciod CJrdloaiy,
Low Middling
Strict Low Middling
iWddiing
Strict
7\
8H
7=%
8^1
9'16
,
Oo<d Ordinary
non. Tacs ITed'
Sat.
.»»
Ordlnarjr
uwie
'10% ilOll
llOiiijgilO^a
Oood Middling
93,8
HI
9«ll«
9%
101,8 10>9
105,8 10!>9
10^1
10»,8
n'eek Endinij Dec. 2.
ISxvorttil
Fro/a Sept.
to—
Qreat 1
Conti- Total
Drifn.'J'™''" nent. Wtek.
tJalveston
.Vow 0rlean<.
Mobile
19.7^6;
2 1, 9181
....
IB.TW 10,484
a,Txd
19.725
49,IT7
«,'728
Florida
......
7.200
10,086
3,W2l
12,9M
17,836
ie,9is
Wllmintton
4,004
4,873
11.122
..
Norfolk
West Polnt.io
Now York
iM
....
Tola!
_Total I8S7...
1.800
8,103
12.181
PhlladalpVio
3,248,
8,103
1,3:0
8.565
10.024
e.9j9
2'i0
7.1M
4,S'.a
3,036
7,t87
s.rail
»«.5eii 20.297
Great
1887. to Dec.
BrUafn. f^"'"'
ISS.'SS
S.XU
1.400
222.M4 132,3«8
H,«.«
,»,..
ee.isi
40.396
10.930
20.189
4,845
B7,»ldj
118.8271
72,8s8
103.804
64.796
a9,0»l
23,307
I8S7
2,
to—
Confl-
1
,
8«v»niiah .
Clmrleston ....
.
1.
Exttorted
15.078
47,78&| 184 603 1.04.1,8:9 183,7«S|
fi^nf.
Total.
86.822
800,072
176.347
S84 744
lnVll's
GULF.
Sat.
I
non Toes Wed
I
I
;
Th. Vrl.
;
8
8«a
27,019
89.160
••• ..
Il8,t7
••..
94.037
1.345
13,451
7.170
n.ee:i
«0<,61t
30.4'«
650,873; l.»;4.819
82.580 a».llS Oe.lbO 1-7.57S' U97.B02 1B7,P7» SWJ141 1.492.«a
13,416 bttlw (diumib'wl caijfocs) acUuctvd frvsk SAYivaiiai) cxi>orU.
8>«
9Tj5
I
IjOW Middlinir
Low Middling..
Middling
Oood MlddlinK
Strict Goo<1 Middling
FaU
Pair
»«1«
I
I
10»,»
lOV
11
11»1«
12;'l8.
;
Wed Th.
Sat IHouiToca
Frl.
,
I
Oootl Ordtnarv
Strict Gooil Ordinary
...fl lb.
'
LowHiddUug
93,8
lOIj,
Middling
HAKKBT AND
83,8
OH
10
7«8
g^l«
I?"
9%
»»ie
101,8 lOis
iSi:
SALES.
The total sales and future deliveries each day during the
week are indicated in the following statement. For the convenience of the reader we also add a column which shows at a
glance how the market closed on same days.
R4IJSS
FOT UAKKET
Ex-
CUMEU.
Sat
.
Mon
Quiet
'Steady
Tu.
fii
'
W
-
T',
..
,
Frl..
port.
Dull
l,.
dec
i,sadT..
itpadv
1,8 ndv
.
lit
[
OP BfOT AXD
TSA148IT.
C<m-|fipee-;IVaHTalal.
«uii>j> ;t<('('n{ lit
Total.'.
Dtti9Salet.
154
133
385
297
168
494
154 94.000
133 125,900
38.1 119,000
207 174,400
168 179.100
494 161,000
11.631
1,631 850,000
66,141
42,M-
8
838
8%
95.8
O'B
""18
0%i
97,8
»?1«
91*18 0%
91*18 OTg
91*18
9I4
103,8 10%
103,8
10»18
107,8 10% 107,8 104
10»,8
10°8 io»,g loV 1011,(10%
tWa i0iA,8 lo's |1015,8 11
lliio 11
lll«l» 11% ;ini«
'll7,« 1138
117,8 Ills ill»18
121,8 12
'121,8 12'8
12^1,8
Strict
• .••.
24I.97H
ie«,5e3
77«
8>8
95,«
9lJi«
I
91*18
103,8 lO-^ig
107,8 107,,
10«8 ;10«»
10% 'l0l»i. lO's ilOTg
1015,811
ll',6 :11I,«
115.8 insg
ll',, 117,8
ll«,8'l2
121,8 121i«
.»«• 7^8
Ordinary
Strict Oidinary
Oood OriUnary
Strict Good Ordinary
17,«46
l6C.iaB
103.9S8
Fri.
I
779
8>g
95l8
!
'lis,, |11>4
Fair
Middling
Tfa.
3130.940i 2713, 590 26rt8,079!27Sl,751 2685,708 2689,35-t
KrpoTU
'
I
8388
49480
we Goml Middling
The exports for the week ending this evening roach a total
of 164,003 bales, of which 96,531 were to Great Britain, 20,297
to France and 47,785 to the rest of the Continent.
Below are
the exports for the week and since September 1, 1887.
Boiton
Aaltimora
i
«!Jf
Mat.
Kit*.
1,000
5,000
11,6B1
3,000
None.
None.
STAINED.
8[u ce 3ept. 1
.
...
Oalrestou ....
Norfolk
New York...
Other ports..
0»att-
21,769
Mone.
8,400
&,000
12,104
None.
10.550
1.000
Middling Fair
1886.
Oalvest'n, «tc
New Orleans.
30,318 40,524
4,500
None.
2.800
None.
6,000 None.
24,265
1.S20
25,000 None.
4,800
300
18,000
None.
..
not elear*4—/or
rnmtt.
BrittHn.
Strict
Totals
252.400 3,130,940 275,710 2,713,590 900,435 990.109
*15,480 Ictlos aildo<i fw correx'tion of iTCoiptri sinco Sept. l.at BnintJwick. ll.lSi) biili-s (Uvliicled tiom reci;ipt<i at Charleston for cotton also
Seeeiptt
OrnU
;
Ind'uola,<&c
« 1 0rleans.
Mobile
:
747
In addition to above exports, our telegramii to-night aI*o
ffirm
us the following amounts of cotton on shiplioard, not ili^nriA,
at the ports named. We add similar flgurea for New
York,
which are prepared for our •pecial om by Uomn. Carvy. YaU
& Lambert, 24 Qoaver .Street.
eric$.
dplivorir« slvcn above are aotnallr dallveied tin
Tievlous to that on wliiuU iliur arc roportad.
The dally
Tub Sales and Pbices of Fvtvbbs
following comprohoosiTe t«bte
<
are
shown by
6ar
Ihft
:
:
;
IHE CHRONICLE.
748
[Vol.
figures for to-night (Dec.
XLV.
we add
2),
the United States, including in
the item of exports from
the exports of Friday only.
it
1887.
1886.
1885.
1884.
bales
571,000
33,000
509,000
14,000
433,000
17,000
428,000
44,000
Total Great Britain stock.
Stock at Hamburg
Stock at Bremen
Stock at Amsterdam
Stock at Rotterdam
Stock at Antwerp
Stock at Havre
Stock at Marseilles
Stock at Barcelona
Stock at Genoa
Stock at Trieste
604,000
3,000
24,200
23,000
523,000
1,400
12,900
9,000
450,000
3,000
32,500
30,000
472,000
300
700
800
202,000
3,000
45,000
4,000
9,000
1,100
165,000
4,000
34,000
6,000
12,000
2,600
125,000
3,000
35,000
7,000
7,000
1,500
140,000
5,000
32,000
9,000
6,000
Total Continental stocks
314,200
245,700
245,800
269,700
Total European stocks
918,200
India cot ton afloat for Europe.
37,000
Amer. cott'ii afloat for Eur'pe. 511,000
Egypt, Brazll.&cafltforE'r'pe
45.000
Stock in United otates ports.. 900,435
Stock in U. S. interior towns.. 402,290
United States exports UHday.
18,633
768,700
36,000
455,000
68,000
990,169
351,573
27,715
695,800
33,000
525,000
44,000
910,033
341,621
19,907
741,700
59,000
726.000
62.000
905,357
292,546
27,000
Stock stUverpool
Stock at London
200
800
3,300
32,100
40,000
Total visible supply
2,832,458 2,697,157 2,569,361 2,813,603
Of the above, the totals of American and other descriptions are as follows
Ainencan—
Liverpool stock
bales
Continental stocks
Ameriian afloai for Europe...
United Stales stuck
United States inteiior stocks..
Umted States exports to-day..
384,000
160,000
511,000
900,435
402,290
18,533
Total Aiiie.lcan
Eagt Indian^ BrazU, t£c.
Liverpool stoik
London stock
Continental stocks
India afloat for Europe
Egypt, Brazil, Ac, afloat
187,000
33,000
154,200
37,000
45,000
Total East India,
Total American
329,000
144,000
455,000
990,169
351.573
27,715
323,000
174,000
525,000
910,033
341,621
19,907
250,000
142,000
726,000
905,357
292,546
27,000
2,376,258 2,297,457 2,293,561 2,342,903
—
&o
180,000
14,000
101,700
36,000
68,000
178,000
44,000
127,700
59,000
62,000
110,000
17,000
71,800
33,000
44,000
456,200 399,700 275,800 470,700
2,376,258 2.297,457 2,293,561 2,342,903
Total visible supply
2,832,458 2,697,157 2,569,361 2,813,603
Price Mid. Upl., Liverpool....
5«8d.
5>8d.
5i3i«d
S'lnd.
Price Mid. Upl., New York....
lOOsc.
914C.
10%o.'
97i8C.
B^" The imports
into Continental ports this
week have been
90,000 bales.
The above figures indicate an increase in the cotton in sight
to-night of 135,801 bales as compared with the same date of
1886, an increase of a63,097 bales as compared with the corresponding date of 1885 and an increase of 18,855 bales as
compared with
1884.
—
At THE Interior Towns
the movement that is the receipts
since Sept. 1, the shipments for the week,
and the stocks to-night, and the same items for the corresponding period of 1886 is set out in detail in the following
for the
week and
—
statement.
to
W t^ c^ ^ tc !^
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-
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05COXCOCOWCi05iSJ:D(^Oc;i*J<iOc;<MO
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WGCM**-^ coKit;^c;t m co to oi x »f^ *» co
i^^W^^^iC^Clf^PCOOiCCOlCOMMj-pOi
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tot-'
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*Inolade« aalen Jn September, 1887, loi September, 258,200: Sepember-October, for October, 570,200.
have included In
above table,
lytoWegive,
the averawe price of futures
and shaU continne each
each day for each month. Ii
Will be found under each day toUowiUK the abbreviation •' Aver " The
average for each month for the week Is also given at bottom of tahle.
Transferable Orders— Saturday, 10-45o.: Monday, 10-45c. Tuesday
10-&00. Wednesday, lO-60o. Thursday, 10-65o. ; Friday, 10 60o.
M
™>
(D
tl»e
week
:
;
;
on
w
M
M
-4
Kl
on
The foUowiag exchanges have been made during the week
•08 pd. to exch. 300 Dec. for Jan.
•05pd.toexch 200 Nov. for Jan.
•OSpd.toexch. loo Mar. tor Apr.
•07 pd. to eich. HOO Mar. for Apr.
•14 pd. to exch. 100 Deo. for Feb.
6 pd. to exch. 600 Dec. for Feb.
•10 pd. to eioh. 600 Deo. lor Jan.
•09 pd.to exch. l,50<iDeo for Jan.
•18 pd. to exch. loO Deo. for Feb.
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CO •
COR-
COQOO©l^tOCErf*lf^^« bO -vl rf*
•The figures for Louisville In both years are "net" tThis year's
The Visible Supply of Cotton to-night, as made up by cable
and telegraph, is as follows. The Continental stockd, as well as figures estimated.
those for Great Britain and the afloat, are this week's returns,
The above totals show that the old interior stocks have
and consequently all the European fiffures are brought down increased during the week 35,5-Sl bales and are to-night 50,717
to Thursday evening. But to make the totals the complete bales more than at the same period last year. The receipts at
,
DEOBMnBR
THE CHRONICLF.
1S87.]
8,
445 balee mort thaa the same
week laat ypur, and since Senteiut)er 1 the receipts at uU the
towns are 266,870 bales mnrf than for the same time in 1886.
Quotations for Midduno Cotton at Othbr Markets.—
the same towns have been
In tlie tiil)lo below wo xivo the closing quotations of middling
cotton at Southorn and other principal cotton uarketti for each
day of the pa.sl wui'k.
ending
Dee 2.
CLOUMO QIKyrATIOMB FOR
Wf-eic
(i»lve8tou
...
911,8
Idliilo
-.i\':i[iimh ...
Si''«
909
9Tg
1iurI('«ton ..
Wlliniiifcton .
Ndifiilk
Hon.
Satur.
1
9
«%
9-'f
10
9ii>i«
100,8
Haltiiiiorp
.
..
riiiiiuioipiiiu
103g
10»8
1038
lOOg
AiikmhUi
MKMipUlg
0»1«
St. IX)lll8
(
'i[ioiiiiiHti
..
liOiitDvUle ...
0^,
911,8
93»
9^
91.1,8
9\
9'e
9%
10<>8
9»8
9»8
Fri.
9ia,9
9»9
0\
10
10
10
18"'"
10
10
10»]«
10»B
10^
10
9''h»10
9'9
10%aia 10%»iii
lOOg
10^
9»8
9'»t«
9819
»»8
9^8
94|
OOTTOW OK—
Thur$.
9»8
9»B
9'«
915,9
io»,»
103*
909
9^9
109u
ItOKtOIl
1,8
liIbDI.n<0
Wedna.
Tuet.
911,8
95»
978
94i
9^
9%
909
9'8
10 13
104t
911,8
w
0>'l6
9U,8
9''8
9 '8
9iU
9'9
—
Receipts from the Plantations.
The following table
indicates the actual movement each week from the plantation.s.
Tlie figures do not include overland receipts nor
Southern consumption they are simplv a statement of the
veokly movoiuent from the plantations oi that part of the crop
which finally reaches the market through the outports.
;
Week
Receipts at the Ports.
I88e.
')ct.
••
1888.
aeS.OM 258 483
88...
Nuv. 4
I
SVk at
Interior
I88S.
1888.
188T.
I
Tnwm. Kee'ptifrom riant'm.
1887.
1888.
I
1886.
1887.
iiM.l)34 806.307 828.607 2118,768 31S.14.S 301,9SU S33.9»>7
...
374,4'?3 27 l,t!65 :»0,1T4' 296.644 279,634 301.961 324,',79 342.8.^2 322,382
II....
232,061 '87S.SB0 301,60a'2T9,9HI 317,697 347,022 255,848 '311 ,868 346.«6l
270,4 21 'saH,eee's84.8i6'8<Kijei 837,1 80' 3*^4,7941 299,751 288,076 3i2.688
"
18....
"
9iS....
Kec.
2....
1
.
a59.93» 880,282'»t9,388 S40.40B 366,07S' 409.428 291.069 .10i),162 V74.022
248.797 878,716 282.40H 3M,6t7 890,83^ 449,202 885,019 300.470 2»2.I!^0
—
The above statement shows 1. That the total receipts from
the plantations since September 1, 1887, are 8,5B6,318 bales;
in 188.5 were 3,0:M,856 bales.
in 1886 were 8,056,363 bales
3.
That, although the receipts at the outports the past week
were 252,406 bales, the actual movement from plantations was
893,180 bales, the balance going to increase the stocks at the
Last year the receipts from the plantations
interior towns.
for the same week were 300,470 bales and for 1885 they were
385,019 bales.
Amount op Cotton in Sight Dec. 2.—In the table lielow
we give the receipts from plantations in another form, and add
to them the net overland movement to Nov. 1, and also the
takings by Southern spinners to the same date, so as to give
subetantially the amount of cotton now in sight.
;
—
749
the higheat being 74 and tti* lowrtt 23. Lut week we had
min on one d«v and the rainfall reached thirty- four hnndredtha of an inch. The thermometer averaged 98*4, the
hlg^eat being 71 and the loweat iiS.
Srtenvillf, Hi.isisitippi.—Rtln baa fallen on three da/a of
the week, to theesteat of 8lxty-aixhundr<dthaof an Inch. Tb*
thermometer has avenged 40, ranging from 86 to 73.
Vlnrksilale, ifif«/«Hpp/,— Telegram not rtoeived.
Viaksburg, MUHtsippt.—Telegram not received.
blotter, JBif«^«4j>pi.— Telegram not received.
Heltna, Arkan.ias.— It has rained slowly on three daya of
the week, the rainfall reaching one inch and aeventy-elght
hundredths. The weather interferes with picking.
There
will be very little clean cotton after this.
The thermometer
haa averaged 4>>, the highest being 72 and the loweat 23. Riinfall during Novem1>er tnree incheaand forty four hundredths,
ifemphi.i, 2'e7Uiessee.—lt haa rained on three daya of the
week and is now raining. The rainfall reached three inches
and two hundredihf. The stock tonight is the largest on
record. Averagethermomet<r45, higheHl73and lowest 18.
had rain on six days during November, and the rainfall reached four irchea and six hundredihs. The thermometer aver-
We
aged 51 '5, and ranged from 18 to 76.
Nashtille.Teimessee.—'We htve had rain on five daya of the
week, the rainfall reaching one inch and fifty-two hundredtba.
The thermometer baa averaged 43, ranging from 31 to 55.
Mobile, Alabama. It has bien ahoweryrn three daya of
the wei-k, the rainfall reaching thiity-four hundredths of an
Pinking is alxiut completed.
inch.
The thermometer haa
ranged from 84 to 74, averaging 65,
During the month of
November the rainfall leached forty-four hundredtba of an
—
inch.
—
Montgomery, Alabama, It haa rained ligtly on one day of
he week, the rainfall reaching twelve hundredtba of an inch.
There have been three frosts.
Average thermometer 5<5,
high( St 79 and lowest 33. Rainfall during November seventynine hundredths of an inch.
Selma, Alabama. There has been rain on one day of the
week, the rainfall reaching ten hundredtba of an inch. The
thei mometer has averaged 54, the highest being 73 and the
—
lowest
35.
— We
Auburn, Alabama.
Frrst acd ice ou the
have bad no rain
29tb.
54 -S, ranging from 34 to 75.
The
tb<
all
the week.
rmometer haa averaged
—
Birmingham, Alabama. Telegram not received.
Madison, Florida. There has been no rain all the week.
Average thermometer 65, highest 77 and lowest 85. 5;
^
Macon, Georgia. No rain all the week.
Columbus, Georgia. It has rained on one day of the week,
to the extent of fifteen hundredths of an inch. The thermonitter has averaged 46, ranging from 34 to 67.
Savannah, Georgia. It has rained lightly on one day of
the week, the rainfall reaching one hundredth of an inch.
Exports have been corrected this week by deducting from
Liverpool total the cargoes of steamers Resolute 5,208 balee
1887.
1886.
1885.
1884.
and N^ple!- 6,203 bales. The Continental total has been reHeccipts at tlic ports to Dec. 2 3,130,946 2,713,590 2,668,079 2,781,751 duced by deducting 1,75.') from steamer Sylvia r-nd 200 bales
Interior stockij on Dec. 2 in,
from the Gladiolus, Aggregate deduction 13,416 bales. The
excess of September 1
425,372 342,772 366,777 298,801 thermometer has ranged from 33 to 78, averaging 56.
Augusta, Georgia. The weather has been clear and cold
Tot. receipts from plantafns 3,556.318 3,056,362 3,034,856 3,080,555
204,955' 147,086
Net overlaml to Nov. 1
1.53,l.-)6
98,274 all the week. The thermometer has averaged 65, the highest
Southern consumpfn to Nov. 1
85,000
68,000,
60,000|
50,000 being 78 and the lowest 31. During the month of November the
rainfall reached ceventy-seven hundredths of an inch.
Total in sight Dee. 2
3,8 16,273 3,271,448 3,248,012 3,228,829
Atlanta, Georgia. We have hati rain on one day of the
Korthcm spinners' takings to|
we(k, the rainfall reaching sixteen hundredths of an inch.
Dec. 2
625,834 543,760 568,141 468,472 Average thermometer 50, highest 70 and loweat 30.
It will be seen b.v the .ibovc that the Increase in amoimt in sight toAlbany, Georgia. There has been no rain all the week.
Blgbt, as compared with la.st year, is 574,825 bales, the increase as Cotton is now nearly all marketed.
The yield is about the
compared with 1885 is 598,261 bales, and the increase over 1884
same as last y^ar, The thermometer has averaged 55, rangis 617,144 bales.
ing from 38 to 71.
Weather Reports b'S Telegraph.— Our telegraphic rf ports
Charle.Hon, South Carolina,- We have had rain on four
to-night denote that the temperature has bee n low during the days of the week, the rainfall reaching sixteen hundre<ltbs of
week with frwt and ice in some localities'. A.t a few points an inch. The thermometer has rang^ from 33 to 77, averaging 65.
picking has been interfered with by rain.
ifiaieburg, South Carolina.— Ugbt rain haa fallen on one
Salveston, Texas. We have had rain on one day of the day of be week, the rainfall reaching one hundredths of an
week, the rainfall reaching four hundredths of an inch. The inch. There haa been frost on two daya. The thermometer
thermometer has averaged 58, the highest being 74 and the has averaged 53. ranging from 33 to 75 7.
Wilson, North Carolina.— It has rained on one day of the
owest 37. Rainfall during November five hundredths of an week,
the rainfall reaching seventeen hundredth of an inch.
I
—
—
—
—
I
|
—
I
—
'
1
—
—
I
'nch.
Palestine, Te»as,— It has rained on three days of the week,
and there has been frost on three days and ice on two. Average thermometer 50, highest 74 and lowest 20. During
November the rainfall reached one inch and eighty-four hun-
The thermometer has averaged 50, ranging from 28 to 74.
Indu Cotton Movement from all Ports.—The receipts
and shipments of cotton at Bombay liave been as foUowa for
the week and year, bringing the figures down to Dec 1.
BOMBAT BECBIFTa AMD aniPIUtina FOB lOOB TBAaa.
dredths.
San Antonio, Texas. — We have had
rain
on four days of
ShipmtHtt thU week.
Shipment* Since Jan.
Ortat
Tear Oreat ContiBrien. nent. Total. Britain
Continent.
I.
TotaL
Receipt*.
ThU
the week, the rainfall reaching one inch and fifty-nine hundredths. Avf rage thermometer 52, highest 70 and lowest 28.
Rainfall for November two inches and thirty-nine 1 undredths.
New Orleans, Louisiana.— It has rained on two days of
the week, the rainftll reaching sixteen hundredths of an
1887
1886
188S
1884
The thermometer has averaged 60.
Shreveport, Louisiana. Telegram not received.
Columbus, Missis'.ippi.— 'Vfe have had rain on one day of
the week, the rainfall reaching seventy-six huiidredths of an
inch.
Average thermometer 48, highest 70 and lowest 30.
During November the rainfall reached ninety hundredths of
•Qinoh.
Leland, Mississippi.— 'Ra.infM for the week one inch and
twenty-six hundredths. The thermometer hosfavtraged 47 6,
According to the forgoing, Bombay appears to abow a
compared with last year in the week's receipts,
of 14,000 bales, and a decrease in shipmenta of 3.000 bales, and
the shipments since Jan. 1 show an increase of 47,000 bales.
The movement at Calcutta, Madras and other India porta for
the last reported week and since the Ist of January, for two
"Other porta" c over Co ylon,
years, baa been as follows.
•, _-^_
Tuticorin. Kurracbee and Coconada.
inch.
—
Week.
Tear.
,ooo|i.
1.54 1.000
5,000 5,000 372,000 699.000 1.071,000 lO.OOOj
1,000 7.000 8,000 329.000 695,000 1,021.000 24.000, l.li>6,000
1,000 11,000 12,000 222,000 483,000 70.'S,000 19.000 l.or.9,000
22,000 22,000 3O8.0O0|677,OOO l,lH5,0O0i I'.'.OOiil 1,61 1,000
decrease
,
.
:
THE CHRONICLE.
750
Shipmentt for
Sliipment* tince
Ihe week.
OontinetiL
Great
Britain.
Great
Tolal.
1887
1886
All others—
1887
1886
aU—
1,000
500
127.000
37,000
226.000
99,000
58,000
39,500
13.000
5,500
71,000
45,000
1.000
2,000
1.000
2,000
87,000
66,000
36,000
54.000
123.000
120,000
1.000
2,500
2.000
3,000
244.000
167,500
176,000
96,500
420,000
264,000
week show that the movement from
Bombay is 1,000 bales less than the same
the whole of India, therefore, the total
1, 1887, and for the correspondmg
previous years, are as follows
F.-r
last year.
shipments since January
periods of the two
BXPORTS TO EUROPE FBOM ALL INDIA.
from—
Bombay
11 otlier ports.
Totftl
ThU
Since
Thi$
week.
:
1885.
1886.
1887.
Shipmentt
to all Europe
XLV.
Dakahli^h.— In this province, also, favorable temperature is reported a«
having prevailed during October. A ntimber of our correspondents
believe that the crop will be a little larger than was at tirst expected.
the other hand, tliere are complaints of the persistent character of
the fogs which have occurred almost dally, and have, it seems, in large
measure oft'set the good eSect of the hot weather. As to quality, some
improvemcut is noted in some districts, while In many others the quality
Is not so good as last year.
Oai'onftie/i.—The advices from this province are encouraging. It la
thought the crop will tuni out a little heavier than was expected in
September, though stiU falliug short of that of 1886. The quality is
On
satisfactory.
totals for the
the ports other than
week
99,000
62,000
1.000
1,000
500
The above
Total.
500
1,000
1887
1886
1.
[Vol.
,
Madras—
1887
1886
January
Contitient.
Britain.
-Calcutta—
Total
— —
:
Jan.
Since
Jan.
week.
1.
1.
Garb-in.— The excellent temperature which prevailed In this province
during October was favorable to the <!0tton plants; but in consequence
of the gi'cat extent of the i>rovince the warm weather has not produced
the same results throughout. Hence, reports concerning the crop varyconsiderably with the locality— some imhesltatiugiy declaring it superior
to that of 1886 while other.s consider It de<!idedly inferior. We gather,
however, from the dilTei'eut reports that the crop lu this province will he
at least as large as we formerly estimated. On the quality, too, there is,
according to the locality, a difference of opinion. Frequent fogs have
occiured in some places, while other places seem to have cscajied.
Men-mliih —The advices for October are satisfactory. Meuoufleh has
profited more than any other pro\iucc from the heat of the month. Our
correspondents speak of a crop H or H cantar above their previous estimates, but ill spite of this increase they state that the yield of this province will be at least 13 or H less than in 1886.
>'ai/ouw.— Picking was finished some time since. The crop is estimated at nearly 80,000 cantai-s, a figure which Fayoum has never before
reached.
Bi;i-Souef —0\iv estimates for this province have been confirmed.
to reach 413 eantars on the average i>cr feddan,
TKiM
week.
Slnte
Jan. 1.
The crop is still expected
and even more.
was exceptionally hot throughout, and had not fogs be m prevalent in
the greater part of Lower Egypt our September estimate would have
been exceeifed. We cannot know for some time yet the full extent of the
damage from tog, although it is stated even now that they have completely nullified the good efTcets of the hot weather. As we do not know
tlio amount of damage done by fogs, we are unable to express a definite
5.000 1,071,000
2.0001 420,000
8,000 1,024,000
3,000 264,000
12,000
1,000
705.000
222.000
7.0001,491,000
11,000 1,288,000
13,000
927,000
General Obserrntioni'.—'Wp have
little to
add to the above.
October
Alexandria Reckipts and Shipments.— Through arrange- opinion concerning the quality of the crop, nor can we increase the estiments we have made with Messrs. Davies, Benachi & Co., of mate of our last re«ii«ie. The Nile has fallen so much that there is no
Liverpool and Alexandria, we now receive a weekly cable of longer any danger of inundation.
the movements of cotton at Alexandria, Egypt. The followDomestic Exports of Cotton MANnFACTURES— Through
ing are the receipts and shipments for the past week and for
the courtesy of Mr. W. F. Switzler, Chief of the Bureau of
*he corresponding week of the previous two years.
Statistics, we have reseived this wef-k a statement showing the
exports of domesiio cotton manufactures for October, and
Alexandria. Egypt,
1885.
1886.
1887.
for the ten months since January 1, 1887, with like figures for
Hot. 30.
the corresponding peiiods of the previous year, and give them
Receipts (eantars*)below
190,000
150,000
190,000
This week
ThU
week. \Sept.
JExports (l)!»les)—
To Liverpool
TM«
Since
I
1,403,000
1,332,000
1.486.000
8iiice Sept. 1
Since
week. Sept.
1.
1.
Sinee
Sept.l
Thit
week.
I
5,000102,000 16,000 108,000 17,000
5,000 51,000 sioool 2y,oo0j •i,000
'
ToCoutincnt
'
91,000
40,000
QuanWits nf Mantifactvrea
of Cot-
ton icotorcd tjntl ujicolored)
exported tfi
—
Great BrltalD and Ireland
Other countries in Europe
British Nortti
—
America
Totivl
*
Europe
10,000
1
53,000 19,000] 137,0001 23,000 131,000
A oantar Is 98 pounds.
This statement shows that the receipts for the week ending
Nov. 30 were 190,000 eantars, and the shipments to all Europe
10,000 bales.
Manchester Market. —Our report received by cable to-night
is
steady for
states that the market
give the prices for to-day
both yarns and shirtings.
below, and leave those for previous weeks of this and
last year for comparison
firom Manchester
We
1886.
1887.
32« Cop.
Twist.
8 '4
Ooft'n
Ibt.
Shirlingt.
Twist.
XJplds
d.
" 18 7=8 •88'4
" 25 7^2 ®8%
Dec. 2 IH -asis
rt.
8.
d.
d.
d.
Cott'H
Mid.
Uptds
7i2®610
7i3»6 10
8
s.
d.
8.
d.
d.
®708 '5 7>a®6 713
7ia®6 IH
73,8®7nig
5>8
7»a®6 7>a
7»,6®711i6
""
7>3®6
738 ®8
53,8
7>3®6 719 5s,e
738 ®8
514
51I16
®7
7i2®7
7>2®7
d.
7%
7ia®6 9
558
.
75jg®715i8
8
61B.4t<9
**
102.431
2fl9.3eS
14l).«20
*'
1,305.187
721.636
"
(S»a.'*78
404.445
ArKentinD llepubllo
"
"
1.470.831
1.013.497
2.454.4.'>7
Hr&zil
United St«te» of Colombia...
Other countiles In S.America
China
Other C'Un'ries In Asia and
Oceanica
Africa
Total y&rds of above
®6
518
Alexandria, Nov. 8, 1887.
William B. Dana <e Co., New York:
Gentlemen— Enclosed is report No. 16 of the Alexandria Produce
Association. This report
sums up pretty exactly the opinions of the corre-
spondents in the interior. The opinion held at Alexandria, however, in
regard to the quality of the crop is not so favorable. The quality of the
cotton in the market Is not only In general not better than last year, but
it Is a question whether It is as good. However this may be, there is no
doubt that the distribution of seed miule by the Government last spring
Jia8 not produced the expected results. The light fogs which were constantly occurring daring September and October in eci-tain parts of
Lower Egypt did much to decrease the yield and lower the quality of
tbecrop. Yours,
E. 8.
The
report of the "Alexandria General Produce Associais as follows:
tion, Cotton Section," referred to above,
B*A<rj.— The mouth of OctolKjr was remarkable for great and continued heat, which Influenced favorably the ctttton plants. Our correBpoudonts in Hclrhvra believe that it has increiiscd the crop on the average
about 10 per cent The condition of the plants this year is satisfactory,
they being for the most part quite he.ilthy.
C/iarkith,—Ttiii exceptional heat during October has been beneicial to
the crop; but yet, altliough the second picking is now expected to nrodaoo more than it was at first l)eliov(!d it would, we do not look fiir a
yield from this pmvince above our previous estimate. Several pretty
beavy fogs have been rei>orte<l. Coucemlug the quality of the croj,
report* di"pr -apconlinT to «i>nie it tR superior to that of 1886, aocordiiig
|» cftbers it Is the opposlte.9 H Jmmt UK
8.71H,408
5.:)«6.107
14,5.12.626
BU.911.H82
6.1ll.m3l
6,83'i.553
5.3,32,41'0
"
B.S90.)S3
2.4'«,U4
1.1336,300
2.35I.1OO
28,283.629
64,295.667
"
701.877
243,790
,"i43.766
e.4>:6.r09
1.46l.»(;7
8.0S7.279
3,241.543
tsa.lbl
$1,020,654
»»<4;.4h7
r0654
r0645
Valuf* nf other yianufactures of
Cotton export4:d to
Great Britain and Ireland
Germany
1
9.090.638
0,947.328
5.849.059
t
16,387
4«"
244
I'l-ance
Europe
North America
8.102
16.157
12.911
In
Mexico
Central Amerioaa' Stales i, British
Hondura-*
West Indies
Vnlted Sti,t«'S of Colombia
33,412
3.253
6,7jO
7.502
29.740
Other countr ee In So. America
Asl.i ar-d Octanica
Atrca
1.1C8
t«,H72.044 )ill.2t<1.877
foeii
t'0650
*
t
68.427
;,0-28
Total Talne of other manufactures of
Aggrejiate value of all cotton goods
8.140.515
6.834.551
4.051.024
18.307.047
67.436.119
14..'isa.7fl0|153.513.3«2'l76.173.953
"
Other countries
Eqtptiak Cotton Crop.— Our correspondent at Alexandria, writing under date of November 8, eends u» the cotton
report of the Alexandria Produce Association for the month
of Oct ber. We have traii slated both the letter and the
report, and give them below. The letter isjas follows:
1.5.S2.761
11.682.591
517.275
**
3.740.S»i
l.v!2B.7B3
«0-.i,01'2
"
8.61-2.400
12.»16,S»1
fi84.0l5
854,fi88
Totul Talues of above
Value per yard
Other countries
1886.
6,115.753
2.»n2.123
"
*'
Otbcr countries
British
d.
7% ®8
Nov. 4 738 a8
" 11 7% B'S^
Oct. 28
BI1,«3«
—
8I4 lbs.
Shirtings.
32« Onp.
Mid.
See.SHU
Amprtcan States and
British Uonauras
West Indies
Cetitntl
10 nu>8. ending Oct. 81.
1887.
1886.
1887.
yards
"
.Mexico
Motith ending Oct. 31.
330
350,762
21,046
824,819
894
6.081
12.288
522.297
68,814
80,613
8,660
16.600
374.313
109.218
2.891-
60.4115
11..=>KI
60.113
93.990
54.432
7.9>
17.:'.9»
22.797
UTl
a.8;i2
14.8M
2:J6.929
18.439
ei.HlS
68,916
71,878
240,473
1,«86
65.558
76,488
183.494
1SS.321
1.446.146
1.204,140
i.oer.sib
11.418.190
l.SS
12,670.275
East India Chop.— The following is from Messrs. Gaddum,
& Co.'s report, dated Bombay, Oct. 23:
Bythell
Eeports regarding the growing crop are, on the whole, the same as
The Oomra and Bengal crops are making favorable progress,
In
picliiiig has commenced on a small scale in these districts.
Guzerat and Kattvwar the weather has been seasonable, and reiwrts
from various quarters are a little more checrtul. Westean, Compta and^
Dharwar nport favorably in respect of the new crops.
last week.
and
JuTE Bdtts, Bagging, &c.— A moderate business has been
done i'l bagging and the market is steady; small lots are
quoted at S^gV. for 1>^ lb., 6@6i^c. for IjJ^lb., 6i^@ 6,^30. for
3 lb and 7@7,i^c. for standard grades, bu« a shading could be
had on a large lot. Jute butts have been in good dembnd,
and saU 8 ar^^ reported of paper grades at 2;^@a,'/4(! and bagging
quality at 2i4@2»8C. on spot, with some inquiry reported for
lots to arrive.
Shipping News.— The exports of cotton from the United
States the past week, as per latest mail returns, have reached
157,338 bales. So far as the Southern ports «re concerned, these
are the same exports reported by telegraph and published in
the Chronicle last Friday. With regard to New York wa
include the manifests of all vessels cleared up to Thursday.
—
Total
BritLiverpool, iier steamers Boeael, 1,866
annic, 1,188... City of Chicago, 1,109.. ..lUily,2.519....
New YORic-To
Nevada,
jjjliTo Hull,
1,3.52 ..
Umbria,
3(17
per stcainer.Colorado, 3,783
bale*'.
8,401
3,78
:
DBCIOCBBR
..
.
.
THE CHRONICLE
13')7,]
8,
TiAallMI*'''
1,27ft
To Uiivro, per iitoniiu>r I,a ChanipBgne, 1.27S
To Urcinni. per etcaniiTB Allcr, 100
Klbo, 300
To lliiiiiliiin.', per HloauurH I.i'hhIiik, 71H
Morsalk, 1B6 ....
To Amntiiiluin. imt sU'iiiiht Siliioliiiii, 'i.OUB...
To Aniwi'ip, per Kteaiiicr Wacsliinil, 1,375
To fJtcttiii, iMir sleaiiicr hiaviinia, yriO
Hew t)iii k.vns—To MvoriKiol, nor »teamor» Klmlwrley, 8,010
Navarro,
8,'.;.">t)
.
Uuil Sea,
400
874
HORKOi.K— To
10,401
Liverpool, iwr stoanior Claymore. 6,785... Ponca,
5,145 .. per bark Blanche, 3,165
20.557
West Point—To Liverpool, per st<!amcr Kederleo, 1,749
4,74i)
Mkwi-ortNkws— To Liverpool, per steamer
1,000
1,006..
Bai.timiikk— To Liverpool, iK'r steamer Moutmore, 2,867
2,867
To Kolteiilam. per at«amer lycro. 100
100
To Bremen, per steamer Donati, 91i:t
- ...
993
B06TON— To LlveriH>ol, per steamers Mlehluan, 4,062
Palestine, 1,770 .. Pa vonia, 1,254... Vonetiau, 3,687
10,773
To Yarmouth, per steamer Yarmouth, 6
6
i
bales
Of wbloh exporters took
Of wbloh speculators took...
Sales American
Actual export
Forwarded
ToUkI stock— Estimated
Of which American— Bstlm'd
Total lm|H>rt of the week
Of which American
Amount
afloat
Of whloh A.merioan
1T09. 18.
sn.ooo
8,000
11,000
52,000
11,000
87,000
447,000
247.000
113,000
87,000
263,000
250,000
lMe.3.
JTo*, 25.
61,000
6,000
10,000
33,000
12,000
30,000
489.000
293,000
129,000
107,000
262,000
48,000
ao,ooo
2/MO
,3,000
3,000
82,000
13,000
30,000
553,000
361,000
4,000
40,000
13,000
21>,000
571,0«)0
381,000
1
4,000
94,000
231,000
221,000
1.50,000
1
127,000
230,000
227,000
248,000!
The tone of the Liverpool market for spots and futurea each
day of the week ending Dec. 2 and the daily closing prices
of spot cotton, have been as follows
:
,
Total
157,338
The
particulars of these shipments, arranged in our usual
form, are as follows
Kotlerd.,
Yarmtmth
Urtm. Ampler- Herat
and
dam
and
Sebnt-
Vera
Barre. Bamh. Aniw'p. Slet'n. lopol.
New York. 8,401 1,275 1,274 3,441
850
N. Orleans. 29,01417,048 10,555
5,200 4,989
8AV)innah
3.556
''
icvfton
3,500 5,100
Cri.2.
Liter-
anil
<t
pool.
.
.tton
lURfn 10,401
.^^.^..llc
20,557
j
3,500
5,100
1,300
5,Ui'2... 8aliara.
i
1
week
Bales of the
Veiiozml.iii, '-'.IDa
20,614
steaiiiern Cnutou, 4,433. ...Oleitinorvon, 7,511
per Hhip Calileni, .">,l(t4
17,048
To HriiiK'ii, p«'r«teaiiuTAtmto, 8,0-1!)
CileiHlower, 0,756.. 15,405
I'o llaiiilmrK, per «teaiiier Altiiiore, 750
riiiabiirg, 400....
1,150
To Heval, per Hteaiiier K. V. Mattliewn, 5,200
8,200
To fehuHtoiKil, iier steamer Indian I'rlnee, 4,980
4,981»
Bavannaii— To Liverpool, per Hieauier Cliiswlok, 3,556
8,5.50
5.500
Ifot.n.
8S0
To Uaviv, per
llelmslo.v,
Liverpool.— By cable from Lirerpool we hare the following BtatemoDt of the week's isiea, atoolui, Ac., »l UuU port.
We add previotu weeks for oompariaon.
9,060
1,376
7,805.... Sculptor, 2,907
OliARI.KSTOS— To Havre, per stejimer t'auiellla, 3,500
To Uremen. i>er steamer Latire8tina, .">,100
Oai.vkston—ToVera Crii/., persteanicTWlutuey, 1,300
Wii.MiNiiros-To Liverpool, per steamers Cam Brae, 4,901....
751 j
^B»olnt.
4,749
1,006
2,807
10,773
^^HHnrt K.
[iHiuiuore
.
Boston
993
100
Spot
Saturday. Monday. Tuesday.
Market,
12:30 p.
Fullr
Firm.
'M
FullT
mslot'ned tnalni'nstf
\
Wednet.
ThurKfy
fVIdoy.
Mors
lira.
Firm.
doinc.
Mld.Uprds.
6«,
ft»B
Mid. Orl'ns
Sales
Spec. & exp.
5"8
8,000
1,000
600
8,000
1,000
6»s
B"l8
S"i8
5lT„
12,000
1,000
10,000
1,000
10,000
1,000
Ik"
5»8
5,000
Fitturet.
8t»ad7 St BtssilT
Market,
12:30 r.JI.
19,024
73,406
3,556
8,600
1,300
1,300
10,401
20,557
4.749
1,006
3,900
10,779
SI
l-e«iMl-
Total.
TSDce.
OllQS.
aiy.
Easy.
Market,
4 p. M.
Qnlst St
rinnst
1-etde-
2.S«ad.
TSOOS.
Btssdy.
Stsadr.
Staikdr.
Bxolted.
•Msdy.
oUoe.
Qolet and
•iswly.
Barely
The opening, highest, lowest and clo.iing pricas of futures at
Liverpool for each day of the week are givoa l)el()w. These
prices are on the basis of Uplands, Low Middling clause, unlew
otherwise stated.
The prieet are gtetn in ptnee and OiHu, Ihue: 4 63 meant
4 oa-Uld.. and 5 01 meant 5 1-640.
^*
Sac, Not,
Total... 91,924 21,823 23,932 3,541 6,050 4,989 1,306 157,338
the total from New Y'ork are 3,783 bales to Hull.
-iO,
Not. 38
flion.,
Taos., Not. 39.
Ineluilert in
Below we add the clearances this week of vessels carrying
ootton from United States ports, bringing our data down to
the latest dates
Oalveston— For Liverpool— Nov. 26— Steamers Altonower, 5,826; Glentlel<l,
6,080; Wallachta, 4,575. ...Nov. 28— Steamers Waterloo,
:
3,244.
New Oklkans— For
Liverpool—Nov. 26— Steamer Florldlan, 6,411
Nov. 29— Steamers Albany, 5,103 Norfolk, 5,633.
Nov. 28—
For Havre— Nov. 25— Steamer Harrowgate, 5,620
;
I
Stoanier N;mte«, 7,1(X).
Nov. 29— Steamer
For Autweri>— Nov. 28—Steamer Nantes, 300
Eydal Water, 4,924.
SATAiniAH- For Livenmol-Nov. 29—Steamer Fern Holme, 7,200.
For Bremen— Nov. 30—Steamer Donar. 4,386.
For Reval— Nov. 29— Steamer Coulngsby, 6,250.
3BAKLK8TON— For Liverpool— Nov. 20— Steamer Ba.vswater, 3,921.
For Bremen- Nov. 25— Steamers Cerdic, 5,450 Bobmla, 5,070.
For Barcelona— Nov. 25— Bark Linda, 1,022.
WttMiNOTos- For Liverpool— Nov. 25— Steamer FemcUffe, 4,004.
For Havre Nov. 26— Bark Veronica, 2,245.
StoKFOLK— For Liverpool— Nov. 29—Steamer Murclano, 1,800.
Vest Point— For Liverjiool-Nov. 27—Steamer Plessey, 5,141.
BOMON- For Liverixiol- Nov. 22— Steamer Bavarian, 3,017; Roman,
3,2i)4....Nov. 23—Steamer Samaria, 018.
For Yannouth- Nov. 28— 8t<;amer Yarmouth, 200.
3ALTI.MOUB— For Liverpool— Nov. 25— Steamer Barrowmore, 3,652.
For Bremen— Nov. 23— Steamer Rhein, 1,308.
(•BHADKLi-HiA— For Liverpool— Nov. 22— Steamer British Prince, 1,740
Nov. 29—Steamer British Princess, 1,991.
Below we give all news received to date of disasters to ves•
4 i«to carrying cotton from United States ports, &c.
-learner (Br.)— While steamer Bassano, at Copenhagen fi-om
York, was iliwhar^'iuj; on Nov. 30, a lire broke out between
The tire was
- and 200 baU« of eotlon were much damaged.
open High Low. CUa.
d.
(t.
d.
0pm
Htgk
d.
d.
X4>w.' Clof.
d.
NoTember.. SS8 BBS B88 B33
5 37 6 87 630 B88
sse SStt BUS
Oeo.-Jsn ... S39 5SS S.'a
B35 533 S3S
Jan.-Feb
Feb.-Matcb safl BSa Bsa
Mar.-April 6 37 6 37 BS7
Aprtl-Msy.. SS9 BS9 BS9
Msy-Jane. 541 B41 3 41
Jane-July..
B43 B<8
6 33
ff 0T.-l>ea.
Open
Hi0l>
d.
d.
d.
Low. Oee.
543
6S4 6 3t
639 633
637 6 37
6 40 6 40 S3« sail
6 42 642 6 41 641
Wednes., NoT.SO.
Thars., Dee . 1.
rrin Dec.
.
. .
536
B3S
S3S
B3«
S37
B3U
B4I
633
634 684
684 534
6.SJ 636
63S 6 38
538 638
634 534
6 S3
:
6 rS
&33'533
i.
d.
386 683 685
«84 681 334
633 333 633
6.33 6 8:1 333
634 6.14 631
633 533 3 33
687 637 587
68* S8U 68»
5 41 641 B4t
S»
• 34
6SB
B33
684
bV^
637
680
•»
;
Open
ffigh
d.
d.
—
'
\
(l
d.
d.
December.. SS8
4>eo.^aD.... B37
JSD-Kel). .. 687
Feb.-March 638
Msr.-Apnl. 631*
April-Msy S41
S39 5 38 6 3))
538 637 63»
638 6 37 638
6 38 538 6 3»
Sday-Juoe.. 643
Jane-July.. 6 45
July- Aug .. B4»
644
B4S 6 47
S4» 6 4«
6 40
6 4a
6 44
5 47
5 49
6 3»
6 41
6 43
6 40
6 42
d.
;
4,500 bales of cotton, i&c.
:!v CiTV, steamer (Br.), from Savannah, with
6,234 bales of cotton,
arrived at Reval Nov. 25 with her cargo on tire. The lire was extinguished on the 27th. A portion of hor hurricane deck was destrovt^d; 331 bales of cotton were jettisoned, but were recovered;
only a small portion damaged by sea water. The remainder or
(tonsisted of
cargo was damaged,
otton freiglits the past
as follows
Man.
Tue».
Wednet.
Ha
H-i
H2
"82
Do
8ail...</.
Ism, steam
t.
Do sail
e.
...•
....
'16
ht
'I6
'is
....
....
»8
%
38
H
%
e.
iamburg, steam
e.
Va
c.
sail...r.
nist^d'ni.stejira e.
Do vlaLelth
steam
rf.
Do
sail
d.
uoelona,steam d.
cnoa, steam
d.
"teste, steam
</.
.
.
.
.
ijtwerp, attain d.
•Per 100 rw.
JW.
....
'is
'is
....
....
....
....
....
%
as
%
\
—H
3e
....
....
....
40*
40*
40*
-•
....
40*
40*
....
....
....
....
Uaosa
>4®9aa
i4»»3a
"4»»S»
'4»»M
^a'aa
....
....
Tji
'31
T»l
'»
>4
•
6 4)
5 41
548
48
S47
5 48
5
Low.
d.
d.
64« 6 40
540 5 40
540 640
6 41 541
643 642
6 44
6 46
(
d.
68>
BS»
43»
53»
58»
sa»
6 48
5 40
5 41
611
9 44 6 43
646 345
318 6 47
660 530 6 4.*
Hi
Fbidat, p. H., Deoember
B4«
64S
647
S4»
2,
1887.
and
week trade has been fairly active at
hardening values. Business receive j some impulse from the
a-^vance in the grain marke s, prices are the turn stronger,
This
is
usually a very dull season in the markets for flour
meal, but in the past
the higher values of the raw materials.
»M®^32 "m^^IS
»8
(/.
eval,
:
Tkvr:
Saiur.
remeu, steam
Do
saU
940
6?8
580
HtQii
d.
but the advance in the pioluct in no degree cjriesponds with
week have been
steam d.
•Iverpool,
d.
d.
637 6 40 6 37
638 53a 338
6 38 3 88 638
687 640 6 37
638 6 41 6*)
640 343 5 40
642 646 6 4<
641 6 47 6 44
648 5 40 518
iiAUi.KS P.
;
d.
BREADSTUFF S.
(lueiiehed,
Cuateau, steamboat, lying at Sunflower Landing, Miss.,
was cUK<overe<l on fire night of Nov. 22, about 7 P. M. she was
burned to the water's edge boat and cargo a total loss. Her cargo
Low. OUa. Open H«gk Low. CIM. Open
....
40*
....
....
''sa
'.•,8
'.«
'aa
•'32
''si
'w
'w
•4
•4
"4
>4
"m
"84
»64
"S4
•
ment
receivers
meet the demand
At a
slight
improve-
quite freely, but do not
readily accept late intide fi^urec, except to oloee on< broken
and irregular
lolf.
To-day the marktt waa very stcoag, but
buyeia hardly met the views of
sellers.
The wheat maiket has been at times quite exdted and
buoyant, prices making an important advaace ai oampared
niih
last
Friday.
Taere was, notwithtitanding
thit
higher
some renewal of business for export, but the advano«
The
is du9 mainly to speculative minipu atioa at the W«et.
drought and severely cold weather in the Northwest have
pi ices,
—
tt
"«<»>l6'»'84«»ia
unflcubttdly been unfavorable to crop proepacts for next year.
ADOthtr element of strength
tands
to Zgreatly
Is
the advance in oora, * hioh
increase the conaumptioo of. whc%ti by
THE GHRONICLK
762
To-day
of its product to feeding purposes.
aad
the
West,
excitement
at
speculative
renewed
there waa
prices made a further advance here, but it put a stop to
1887.
much
diverting
regular trade.
March
delivery
April delivery
M!ay delivery
Junedclivery
'88 delivery
December
....
Ol^s
92^6
OS^s
gce
9S^
96%
93ie
9613
92%
93%
9138
9212
92
93
93%
9308
94 14
94 12
97
97%
January delivery
FebruaiT delivery
Maydelivery
Sat.
Hon.
Tiics.
5708
5712
5808
59^8
58%
58%
58%
5858
5S
59
59
5913
59!>8
6OI4
Wed.
361s
Tiies.
95%
9478
9.5»8
98
98%
Thtirs.
Fri.
6018
6214
60''8
62%
61%
62''8
62
6308
",
I
180,961
198,262
537,726
259,364
713,648
348,631
21,428
444,911
281,961
538,159
208,330
30,605
1,880,797
1,568,966
Total
93 14
94 14
93%
94%
''
Mon.
36
129,019
312,043
9218
Oats have also impro-ed a good deal, in sympathy with
com, although the crop is large and of excellent quality. Today there was a further and decided advance,
DAILV CLOSING PRICES OF NO. 2 OATS. T
Sat.
Nor. 29.
i
136,160
283,524:
1,081,097 1,066,744'
843,906
455,081,
395,650
150,499:
47,777
39,306
UO'fl
92»8
Wed.
Not. 28.
bush.
Rye
.
Week
ir«e*
27.
.bblB.
Oats
Barley
1884.
Week
Nov
Wheat
8978
Yesterday the market became quite excited, owing to the
small deliveries on December contracts. To-day tbe market
was again excited and buoyant.
DAItT CLOSING PRICES OP NO, 2 MIXED CORN.
57%
58%
1885.
Nov. 26.
Flour.
Pri.
Indian corn has been active and buoyant. No doubt is now
felt that the crop for the past 8< ason is deficient in quantity
and quality, and that it will be marketed unusually early.
December delivery
1886.
Week
Com
DAILT CI/08IKG PRICES OP NO. 2 RED WINTER WHEAT.
Thurs.
Wetl.
Mon.
Tues.
Sat.
8918
8738
88 H
87
87 H
December delivery
9014
88^8
8958
88»8
88%
delivery
January
9II2
90>8
91
8958
S9''8
February delivery
XLV.
[Vol.
Thurs.
The
1,995,154'
2,504,590
and lake shipments from same ports for
rail
last four|
weeks were:
Flour
Wheal,
Corn,
Week
Oat»,
Barley,
Rye,
bhls.
bush.
ending
bush.
bush.
bush.
bush.
Nov. 20, '87. 466,l!21 1,724.983 707,999 833,948 348,631 21,428:
Nov. 19, '87. 514,238 1,903,239 1,203,303 1,317,256 507,979 25,427,
Nov. 12, '87. 486,131 1.753,539 1,822,904 1,290,881 595,921 54,63ffl
Nov. 5, '87. 490,754 2,049,233 2,194,883 1,337,973 460,056 30,14'7S
—
wks. 1.957,744
Tot. 4
1
*
7,430,994 5,929,089 4,780,058 1,912,587 131.638!
weeks •80.1,515,089 0,367,395 4,580,595 2,843,277 1,437,276 129,129
The receipts of flour and grain at the seaboard ports for thej
week ended November
26, 1887,
Corn,
940,050
71,900
331,607
54,502
94,770
16,880
903,956
158,355
At—
hbU.
186,532
Boston
102,098
Montreal
11,325
PhUadelphia... 24,165
Baltimoi-e
64,352
Richmond
3,915
Norfolk, Va....
2,000
New Orleans... 11,173
Now York
follow:
Wheat,
bush.
Flour,
Barley,
bush.
Oats,
bush.
btish.
bum^
525,000 452,050
92,775
9,407
4,612
2,800
42,824 76,200
32,028
8,753
35,509
126,362
2,704
8,42S
l.OSOJ
1.21
1,831
16,462
4,165
Total week. 405.500 1,509,769 1,231,111
Cor. week '86.. 308,426 1,586,186 1,127,081
723,054 540,457
489,868 417,852
12,490:
8,006;
Fri.
The total receipts at th j same parts for the period from Jan,''
38ie
37
36
361a
38ifl
3658
36%
37
3712
36%
1 to November 36, compare as follows for four years:
40
38
SB's
39
37%
381a
*1886.
-1885.
1887.
M884.
bbls. 13,887,759 12,393,015 12,573,803 12,860,747*
Barley and bjrley malt have shown an Flora
Buckwheat is in demand.
bush. 82,027,709 67,744,0.53 44,424,656 67,534,E69'
Wheat
December delivery
January delivery
Maydelivery
,'
;
Rye is very firm.
upward tendency.
The following are the
Fine
S
Superfine
hbl.
$2
2
2
Spring wheat extra*.
Minn, clear and.stra't.
Winter shipp'g extras.
Winter XX andXXX.
Patents
Southern supers
Bouth'n com. extras..
3
2
closing quotations :
FLOCK.
253'$2 55 Southern bakers' and
family brands
50® 3 10
$3 60®i(i4 40
SOa- 3 20 Rye flour, superfine.. 3 35® 3 65
85® 4 60
Fine
2 40® 2 60
85®
3 20
325® 430
Com meal—
Wcstem, &c
2 80® 3 05
Brandywlne
4 25® 5 00
3 00® 3 10
2 80® 3 10 Buckwheat flour, per
lOOlbs
3 25® 3 50
2 25® 2 40
Com
44,517.421
34,104,687
4,719,888
688,954
Oats
Barley
Rye
Spring, per bush...
Spring No. 2
Red winter No. 2...
Kedwinter
White
Com— West'n mixed.
85 ® 97
90 W%....
9OI3® 92
80 ® 95
85 ® 96
59 ® 6312
62 ® 63
60 ® 65
62 W 64
We3t'nmixedNo.2.
Western white
Western yellow
White Southern. ...|....
-S)
....
37 ®
38 ®
3778®
White
No. 2 mixed
No. 2 white
BarleyCanada No. 1
Two-rowed State..
Six-rowed State
Milwaukee No. 2...
Malt>-State,4-rowed.
State, 2-rowed
Bye-
43
39
week
extra.
several seaboard ports for the week
ending Nov. 26, 1887, are shown in the annexed statement:
41
38%® 40
94 ® 97
80 ® 83
85 ® 87
85 ® 88
[95 ®1 00
85 ® 90
43,359,518
31,055,859*
5,462,99«1
5,377,59«i
The exports from the
from —
Oats— Mixed
.576,255
78,521.030
40,106,841
5,723,201
1,061,657
166,058,059 183,544,022 169,837,385 152,790,328!
Total grain
* Include one
Ex]>orts
Wheat-
74,180,395
33,621,146
5,416,173
New York
Boston.
.-
TVAea*.
Com.
Bush.
303,141
39,105
Bush.
225,173
91,021
Flour.
Oatt.
Sye.
Peat.
Bbls.
Bush.
Bash.
Bush.
82,999
34,863
1,373
1,707
I'ortland
206,338
48,561
158,300
24,850
Montreal.
Philiidei .
Baltiiu're
N. Ori-ns
N.
57,000
61,143
39,675
21,833
52,748
189,148
99,840
530
Newo
Richm'd
.
BuckwV""!,
GO ® 62
Tot. w'k.
780,985 605,182 232,048
1,373
119,85©
& Pa., ^ bush. 62 ® 65
S'me time
1880. -. 1,033,078
391,422 148,992
19,901
The movement of breadstuSa to market is indicated in the
162,548
statements below, prepared by us from the figures of the New
The destination of the exports is as below. We add the
York Produce Exchange. We first give the receipts at Western corresponding period of last year for comparison.
lake and river ports, arranged so as to present the compara Flour.
Wheat.
Oorn.
tive movement for the week ending Nov. 26, 1887, and sinCg
Siports
August 1 for each of the last three years
1887.
1880.
1887.
1886.
1887.
for week
1886,
State
,
to—
BtuivU at-
Wheat.
Flour.
Corn.
Bi)ls.lS6!66 BtlsTl.OOa," i}ush.56(6«
Chicago
130,310
Milwaukee...
40,468
5,066
8,871
4.401
15.427
Toledo
Detroit
CleTeland.
449.408,
..
St. Louis
Peoria
'J94.18S'
87?
Dnlntta
19,109
BlMh.32
1,021,119
9,750
140.920
19,500'
160,550;
6,018
9,956
46,088
180,370
201,400
19a42I|
6.50O
2,740
Oont'nt .
S.&C.Ara.
955
W. Indies
182,615
6,381;
10,059
18,450
13,943
Brit, col's
15.008
I39,b00
41
3,9i4
27,600
6,050
218.619
3.84J.4.15
1,411,0U4
1.126.188
186,007|
3,000,375|
911,078
2,454,626:
2,37S,91'S
688,794
818,869
445,881i,
989.877
33,527
28,452
84,355
56.087,4*4' 32,436.816
82,530,a;9
ia,lll,674'
807,833
232,018
Total...'
822,02
1[
*
8,500
780,985 1,033,0781
148.9931
Bush,
Bush.
514,2S7
84,419
10
4,184
235,2<K
145,67f
9,95,'
1,952
60(
1,51<
1,474
605,182
394,43'i
Wkeat.
FlOUT.
3,633,218
3.214,0:9
85,877,408
51.301,347J
33,652.5671 33,.306.0J9
Exporti
Corn
Sept. l,'i!7.\aept. 1,'86, Sept. 1.'87, Sept. 1,'86, Sept. l,'87.|5«pt.l,'8e
tc-
to
29,193,968' 11.387.358' 1,114,414
85.959.409
9.267.118 1.745.67a
I'l'ls-
bush.
1887.
14,219,193
*1886.
9,977,375
to
|
26,
Nov.
lSt<7.
Bush.
Inclade one week extra.
shipmeLta from Western lake and river
Nov.
Biuk.
5.144.(
2,11
Am...
15.368
West Indies.
229.081
3,071
si.sa-i
V.
278,677
7,31S
05,711
4,934
11.710
3.088.S»9l
16.935,971
8. .to.
202,365,490
193,621,494
Bush.
to
27,188*
1,214,057
64.64!
78,041,909
40,650,140
5,259,457
5,912,646
1,515,438
Nov.
7,3^1.1,927
Oth. couatr'8
192,113,838
to
86, 1(«(7.
158,897
230.08?
MRSa
Total grain... 204,730,907
9,.584,255
Nov.
4,455,409,
11,035,557
63,.501,()38
to
27, ISt^S.
9.481,898
'1885
10,302,818
47,166.284
87,647,891
50,127,853
6,608,053
2,071,413
ports for four years:
Nov.
2,165.519;
Bnl. Col'nies
56,445,044
78,306,227
46,559,874
rail
to
27, 1K86.
Bbls.
78,123,132
66,116,916
60,166,841
9,245.100
1,078,018
Below are the
Nov.
26, 18W7.
as follows:
Bye
025,915
397,101
9,972
Week,
Nov. 27.
1.
Un. Kingdom
Continent. ..
OatB
Barley
512,332
200,153
26.
this
Include one week extra.
Com
Bush
Itush.
90,477
2,983
17,865
12,473
17,610
Week.
Nov
1,585
The comparative shipments of flour and gain from the same
Ports from Jan. 1 to Nov. 26, inclusive, in four
yearc, show
Wheat
Week.
Nov. 27.
week's movement to our previous totals we
have the following statement of exports this season aud last
219,153
„
^""T
Week.
Nov. 26.
Bbts.
Oth.c'n'ts
By adding
'87.
*
Dn.Klng.
18,837
Same wk.'86.
Same wk. '85.
Since AUQ.
1887
1886*
1886'
Bbls.
5« lb»
4H,727J
28,965'
Week.
Nov. 27.
Week.
Nov. 26.
Itye.
lbs Bijs7i.4« lbs Bll.
672.369J
80,000
84,080
41,375
18,800
150,541
153.9JB
83,450
103,954
Barley.
762,452
1,825.040
Mlnneapolli.
Tot.wk.
Oats.
TotHl..
The
.
I
0.*li,6»3;
sn.i
5,
IB,
7,733,a
supply of grain, comprising the stocks in grana
at the principal points of accumulation at lake and seab
ports, and in transit by water, November 26, 1887
Oats,
Wheat,
Com,
Bye.
Barln
hush.
bush.
bush.
bush.
In store at—
butA.
visible
:
New
Do
Y'ork
afloat
Albany
Bufl'alo
Chicago
8,389,920
457,600
2,000
2,468,915
4,137,433
1,337,432 1,973,619
332,000
43,000
080,331
35,100
211,514
1,010,369 1,203,536
10,369
5.000
33,100
78,665
29,586
124,11
331,»
135,8!
88O.7:
261,31
'
Dkcbmbbr
In ilorti at—
Hllwimhee
Diiliitli
Corti,
bush.
biuk.
770,884
89,000
DclTOlt
OrtWoKO
5,5.^8,376
Bt. I.l>tll8
40,000
43,486
45,810
118,411
700,282
64,705
226,010
418,262
Ciiirimintl
.,,...,..,
riiiludflphla
Peoriu
Iiiiliainipolla
City
Kiliis;!,-.
Wheal,
1,542,077
2,652,860
1,795,010
Toledo
BoHlou
Toronto
THK CHRONICLE.
18S7.J
8,
l,36-).380
nal;
t»l»^.
Ryt,
bHHh.
Barley.
biuh.
39,336
23,1.'.9
2H3,986
13,776
32,381
IM.Ks'i
,172,191
254,(KX)
12.140
ll.OOO
43,660
34,184
713,800
72,098
119,000
t'iiii'ii
363,616
12,500
113,720
4,249
7.209
»8,00li
96,18!)
33,038
436,H30
214,110
140,037
79,686
37,609
65,000
564,216
67,000
122,238
68,10()
39,812
263,123
1
151
666
6.975
104,141
19,913
thouiih ilight advance. Stocks In first hands are almost nomiral, and many of the mills hold liberal ordora for goodi to
he made. Print cloths were only in moderate demand but
pri'.ea ruled Arm at last week'd quotaiioni, aay 3 7-lOc. for
64x64s and 8c. for 06x608. Stocks last Saturday and for tha
1)1 ee previous years were as follows:
16,791
929
49,808
iniirm.. lOO.OdO
tiirc™. .. 211.00O
Kali Kl\
37,(K)0
lorn
rrovldoiii. ..,..
Oilt«ide apcKUlaturi) (est)
40,000
76.000
153,000
42,000
30,000
302.000
301,000
6,401,243
160,000
Milini':l|>oll8
Bt. P:inl
Nov W.
"Inlhs—
I
l)v I'r
Total atoolc (pieces)
laM.
1885.
>"
1880.
Not. 27.
1887.
mnek ""•-<•
Held
47.073
3,300
763
V—
JVor
2».
1.51),'
'100
151/
K)0
24IJ.I
_.>,l)00
85,0UU
300,000
629,000 1,262,000
demand and very firm in price
h iving been slightly advanced by agents. Printed
Uwns were more active, and there was a very fair businosa in
325, 150 3,6H3,642
Tot. Nov. 26. '87. 39,361,799 6,104,832 6,438,7.58
Tot Nov. 19,'87. 3H.S7l,956 6,570,884 6,468,368 313.'.'67 3.171.777 (I'PSR gingham'), woven wash fabrics and plain and printed
405.945 2,6 i;i,6i->o
Tot. Nov. 27, '86. f)9.57-',078 11,428,026 5,525,282
704,180 3,204,101 ratems for later delivery, while very fair orders for white
Tot. Nov. 28. '85 155,679.228 4,951.7413,007,702
29,
631.323 2,754,633 goods, quilts and scrims were placed by package buyers.
'841
.5,147,000
3,233,264
Nov.
39,241,367
Tot.
Domestic Woolen Goods.— The demand for clothing woolMinneapollK and St. Paul iiot Included.
According to Beerbohm's London cablegram, the amount of ers at firbt hands was strictly moderate, but agents continued
wheat and corn on passage at the dates mentioned atood as to make fair deliveries of light-weight ca^simeres, suitings,
follows:
Values
clitviotj, wortted, etc., in execution of bank orders.
of men's- wear woolecs have not materially changed, and the
Week ending Not. 30. We*k ending Not. 23.
most desirable makes are held with a fair degree of firmness.
<?i->xfn on Passage.
Wheat.
Wheal.
Oorn
Corn.
Kentucky jeans and doeskins, alto satinets, were in moderate
1,470.000 320.000 ri quest and steady, and these remarks apply to cloakings,
1,456,000 326,000
To United Kingdom. .qrs.
61,000 Jersey
215,000
226,000
72,000
ToContlnout
All-wool dress
goods
and stockinete.
cloths
381.000
1,685,000
1,682,000'
398,000
were in pretty giod demand for next seatoo, and worsted
Total quarters
13,456.OOO'3,184,0OO 13,480,000 3,048.000
Equal in bushels
quarters. For flannels,
19.840,000 1,840,000 20,000.600 2.200,00«l dress fabrics were more active in some
Gallic week in 1 886 .bush
blankets, shawls, skirts, carpets, wool hoeiery and heavy
The exports of Indian wheat for the week, year and season underwear the d mand was chit fly of a band-to-mouth characare as below:
ti-r, but by no means unsatisfactory fur th-i time of yeir.
Foreign Dry Q<X)ds The demand for imported goods at
Week end'g Week end'g April 1 lo
Indian Wheat Exports.
flrtt hands wa; relatively 'i ht, and the jobbing trade was
.von. 26.
Nov. 19.
Nov. 26.
devoid of animation, while the auc'.ion rooms presented no
T" tinitwl Kingdom
bush.
240,000 11,860,000
80,000
bush.
20,000
140,000 11,080.000 offerings of special interest. Men's wear woolens and certain
I'ontlnent
in fair
380.000 22,940,000 specialties in dre.'s goods and siUs were delivered
bush.
100,000
Total
quantities by importers in execution of foimer orders.bat
new butiness was confined within narrow limits'. H )liday
goods wtre liss active, distributers having already supplUd
Oil Mia^Usippl
Oil lakiH
Oil lanal
river.
1,339.458
A
576,000
560,253
680,600
Prints were in moderate
120.000
40,000
401,500
some
sorts
I
.
—
-
THE DRY GOODS TRADE.
New
Yoriv. Friday, December 2, 1887.
Business in the wholesale branches of the trade was relatively quiet the past
week, operations on the part of package
buyers having been chiefly restricted to placing orders for
and summer fabrics for next season, while
seemed to gauge their purchases by pressing requireIt was not, however, a dull market for the time of
I
heir probable requiremtnts.
Importations or Dry Good*.
The importations of dry goods at this port for the week
ending Dec. 1, 1887, and since Jan. 1, and the sime facts for
the corresponding periods of last year are as follows :
certain spring
retailers
ments.
c
H W
s
g
Si
ts
:
Tear— on the contrary, rather more than an average distribun of home productions was made by mill agents and
V hbers alike, and foreign goods were in steady though limited
request. The most important ev*nt of the week was the
announcement that the large commission house of Brown,
Wood & Kingman has decided to go into liquidation. The
firm
;
:
,
!
2
B;
•3;
Co
g'vitOMai
«
W cm- W
<lWWtOQ0
have already transferred the large accounts of the Ren.
frew Manufacturing Co. and the Freeman Manufacturing
g:
S:
a i;
i^a>-KIW
-I
ODCO
A- 00 ^1^1 -•
OOP
CO-l
^ W ^ ai
U -1 -J tJ »
C;>
another concern, and their remaining accounts will most
to
likely
be placed in other hands within a few day?.
Despite
:?M'Wie
*-
rumors to the contrary, the financial condition of
the house is perfectly sound, and its surplus on rttiring from
business will undoubtedly be very large.
Domestic Cotton Goods, The exports of cotton goods
from this port for the week ending November 29 were 4,562
seneational
*1 03
okiges, valued at |274,456. These shipments include 2,903
China, 940 to South America, 405 to the Wtsi Indies, 172
to Europe, 80 to Mexico, 29 to Central America and 86 to all
other countries. Since the 1st of January the exports aggregate 175,389 packages, valued at 110,648,799. Of this total
'"tiina has had 82,808 packages, valued at f3,933,297; and
,877 packages, valued at $2,788,887, have gone to South
>i-
^
QOtC
I
Mia-'is
>
z
© O' 10 10
o
0^0
to 9i to
»9ao
--- — » .1
k-w-i'sk
1-^
i-
X o 5 >-
C
-1
— CM--!
IS
si'*.mbb
?
'*£»OD
OS
M
veoDtav
CO>X<PW
.
America.
For the similar period of 1886 the exports to all
portsreached 184,458 packages and in 1885 were 162,322 packages. At first hands there was a lessened demand for most
kinds of staple cotton goods, but there was a good iteady
movement on account of back orders, and the tone of the
market continues firm with a still upward tendency; in fact
several prominent makes of brown and bleached goods, wide
sheetings, &c,,^have already been subjected to a further
xc<oc:da
•ja»iit.e
—
'
B- 5
s
Ut4
2IOp^^4*
OtH*
— CD
ODCOp^OD
2§$
oaseS
ggass
XIOtDOlO
^
3
Cod
-100
CD 00
—=^
QIMMXM
MMMM
ts»oow
b30>
lOSSOCDCO
2S
.^»d«oaaoD
THE CHRONICLE.
754
^xvLBt ®0mpatiijes.
^vuBt €ompvinies.
OF NEW YORK,
73 Broadway, cor. Rector St., N. Y.
ll«000,000
-
CRPLVS,
MtSOO,000
•
Anthoriied to aet aa Biecntor, Admlclstrator
OaardlaD, Receiver, or Trustee, and Is
A LEGAL DEPOSITOR r FOB MONET.
Aocepts the trunsferai^ency and registry of stocks,
and acts as Trustee of mortBajfes of corporations.
Allows interest on deposits, which may be made at
»ny time, and withdrawn on five days' notice, with
Interest for the whole time they remain with the
ojmpany.
For the convenience of depositors
company
this
also opens current accounts subject, in accordance
its rules, to check at sicrbt. and allows interest
aeon the resultinir daily balances. Such checks pass
with
Wm. Whitewrlght,
R, T.Wilson.
Wm.
S. T. Falrchild.
I. II. FrothinKham,
F. Russell.
C. D. Wood,
James N. Piatt,
Geort?e A. Jarvis,
C. Vanderbllt,
o. n. Hays.
lam ^s Forsyth.
Charles H. Leiand,
IBaward KinK,
B. B. Wesley,
D. H. McAlpin.
Oeorffe B. Carhart,
le^al
is
is
INTEREST ALLOWED OV DEPOSITS,
which may be made at any time and withdrawn
afterflve days' notice, and will be entitled to interest for the whole time they may remain with the
company.
Executors, administrators, or trustees of estates,
and females unaccustomed to tlie transaction ot
business, as well aa relislous and benevolent institutions, will And this company a convenient depository for money.
JOHN A. STEWART, President,
GKORUE BLISS, Vice-President,
JAMES 8. CLARK, Second Vice-Pres't
Edward
Amasa
Parker
Chauncey M. Depew,
Samuel F. Barser,
Bobert Lenox Kennedy. Geo. C. Masoun.
BXBCUTITK COMMITTEE:
a. O. Williams,
£. B. Wesley,
C. D. Wood,
A. C. Kin^sland.
KING, President,
McLKAN, First Vlce-Pres't,
Geo. C. l!aKOUn.
O. C. Hays.
HDWARD
JAMBS SI,
JAMES n.OOlLVlK, Second
A. O'
Vlce-PreVU
KONAI.DSON, Secretary.
A. W. KELLKY, Assistant
American Loan
Secretary.
& Trust
Capital, Fully Fairi
Co,
THIS rOMPANY TRANSACTS A GENERAL
IjOAN. trust and FINANCIAL BUSINESS.
BecelTee Money on Deposit subject to check, and
allows Interest on balances.
All Checks pass through the Clearlng-houBe.
MAKES INVESTMENTS OP MONEY.
ACTS AS EXECUTOR. ADMINISTRATOR,
GUARDIAN. TRUSTEE, ETC.
ALSO. AS REGISTRAR AND TRANSFER AGENT.
An Authorised Depository for Court and
W
County Treasurers' Fund.
President.
GEORGE S. H ART, Vice-President.
WILLIAM O. SNOW. Secretary.
JAMES S.TUUKSTON. Treasurer.
DIHKCTOHS.:
OxoRGX H. Potts,
John L. Macaulat,
JAVE8 M. VAUNUM,
John 1. Blair,
KlIWAED F. BUOWNINa,
Rowland N. Hazard,
OXOKOE S. Hakt.
WU. B. DlNSMORE,
Blias Lkwih. Jr.,
jctles aldioe,
Btstbnson BURKK.
WALLACI C. ANDBIW8,
IBA Davenport.
William D. Snow,
John d. kimmet,
Fkkuekic a. Potts,
John Hoss.
Alexander
611
AND
G.
Co.,
iru«t (UKtt Ictpt Beparate
from
those of the
guarantee.
Kepoeltory for Western Mortgage loans, bearing 6
»nd 7 per cent Interest. Frinctpal ond Interest guar-
Money
received on deposit at Interest.
Pres.; J. G.
SIMPSON AFBIC A
READING. V -P
MAULON«. STORKS. Treasurer
4 Secretary.
WM. H. PRICE, Trust Officer.
J.BImpsonAfrtca
(XP.Tumer, M.li.
W.J.Nead,
Wm. II. Lucas,
TUB
Real Estate Trust
,
DIUKCTORS
Alfrea s.billelt. Joseph Wright.
Wm. 8. Price,
John T. Monroe,
Thos. R. Patton.
J.
Co.
OF PHILADELPHIA,
No. I!t40 Chestnut Street.
.....
CAPITAL,
Receives deposits of
H
acting as
of any trust or office.
Acts as Agent or Attorney for the sale or mananre-
ment
of real estate, and insures titles to real
estate and mortgages.
OFFICERS:
Presldent-FRANK K. HIPPLB.
Secretary-WILLIAM R. PHILLER,
Treasurer-WILLIAM F. NORTH.
Heal Estate Officer— THOMAS B. PROSSKR.
DIBKCTORS
George Philler,
Edward
T. Sieel.
Charles
W. Henry,
John
G. Reading,
K.H.Agnew.M.I) Jos. I, Keefe,
Bob't Patttrfon, Theo. ( . Krgel. Jacob Naykr,
Tnos. G. Uoud. iKdw'dL.Purkins, William Watson
Samuel Riddle. Glen Riddle, Pa.: Dr. George
Relly.HABKUBCRG.Pa.; Henry >.Kokert, llKAmNo
Wm. T. Stan-hen. Actuary.
the proate belouK to the Policy-holders
^11
All
PoUdea
Metropolitan Trust Co.,
Wall St., New York
»N000,000
^-^^V^'^^*
aa a lej:al depository by order of
Bttpreme Toart.
Kecclve deposits of money on
iit«re(it, act a* ascal or tnui!>itir anient,
or trustee
f or corpf>nitloDB. hu6 accept and execute any leKal
jiiuts 'rum persons or c«>rportitloh8»uQ a« favorablH
•nDBaH utber similar oompaniea.
UlLLiiOl «K. i'resident.
SSi?.^.'^.?.
^A^P'^J
DealKnated
CUABLtS
H.
JKbUP
8©cretar7.
^-
Company
^
are
indibpct!
years.
'*;
"^
All Death Claims paid without DTsroTTNT as
as satisfactory proofs have been received.
s
This Company Issues all forma of Insurance, ^t^\
olndlng Tontine and Limited
Pn-Forfelting) ToB^i
'
tine.
One month's Krace allowed In the payment oC-i
Premiums on Tontine Policies, and ten days* oraaft!
on all others, tlie Insurance remaining Id foil for^
during the (trace.
S
Absolute security, combined with the largest Ilbak
allty, assures the popularity and success of this ooi^pany.
GOOD AQENTS, desiring to represent the Com
pany, re Invited toaddress J. 8.GAPFNKY, 8ap«>
Inter dent of Agencies, at Home Office.
——_—
<
_
.j
XnE
Provident Life& Trust Col
OF PHILADELPHIA.
Incorporated Third Mo., 22d, 18«5.
(CliARTBR PERPKT0AL.)
«l,OOO,O09l
APITAI.
ASSETS, $19,473,860
03.
|
INBUKBS LIVB8, GRANTS AN.NU1T1E8, RB^j
CEIVKS .MONET ON DEPOSIT, returnable on d»l
mand. oron which interest is iiliowed, and Is erapow.M
ered bylaw to act as KXKCUTOK. A1).M1.V1ST11A.
roil. TKUSTKK, OL'AKUIAN, ASSIONEK, COM.I
;
MITTBK, KECElVKli, AGENT,
performance of which
.ul
its
'und furnish ample security.
the faithcapital and surplui
etc.. for
All trust funds and investments are kept separate
and apart from the assets of the company.
The income oi parties residing abroad carefallT
ooUected and duly remitted.
'
BAM'L It. SHIPLEY, President.
WISTAR BROWN, Vice-President.
ASA R. WING. Vice-President and Actuary
T.
S^ubs.
The Brooklyn Trust Co.,
Cor.of Montaoneand OUnton Sta..Brooklyn. N.T.
CATITAl, (FULLY PAID)
-
Bank of
SI, 000,000
authorized by special charter to
act as receiver, trustee, Kuardian, executor or administrator.
It can act as anient In the sale or management oi
real estate, c*jllect interest or dividends, receive registry and transfer books, or make purchase and sale
of Government and other securities.
HellKlous and charitable institutions, and persons
unaccustomed to the transaction of business, will
Bnd this Company a safe and C(jnvenient depository
tormoney, UIPLEY KOPES, President.
KDMUND W.COKLIJCS,
Vloe-Pret't.
Buffalo,
BUFFALO.
is
N. Y.
Wm. C. Cornwell, Caah*r.
JKWETT, Pres.
Capital. ...9300,000 Surplus
$:^50.00a
This Bank baa superior facilities for maklnaOollectioDs in and out of the city on the most liberalterms, and with careful atteDtiou to the best iaier8. 8.
1
esta of its correspondents.
CoKBESPuNDKNTSi—lmporters'
A
Traders' Na-
and Chemical National Bank, New York;
Merohanta* Loan & Trust Co.. ClucaiiUi Union Bank
of London, London.
tloco; tfanlL
Joslah O. IjOw
AJei. .M. White,
A. A. Low,
Alex. McCue,
Mich'l Chauncey,
Wi^. B. Kendall,
HVK. Sheldon,
CD. Wood,
E. F. Knowlton.
John T. Martin.
Wm.n.Male,
Fred. Cromwell,
Joan P. Uolfe,
E.
il.
Jamks
Klpley Ropes,
Abram B. Baylls,
E. Plerrepont. H.
i^. W,
,.,„!»..,
Maxwell,
Ki>88 Cdrban, Seorethry.
W, T. Blackwell,
DCRHAn,
W. Corlies.
KRFr>B"irK
STOCKS
roiTow.
and
Asst. Soc'y.
BONDS
At Auction.
Ihe Undersigned hold BEGUr>AK
8AL£c), of
AUCTION
P. A.
Pres't.
Wiley, CasWer.
The Bank of Durham,
N.
C,
Pay Special Atteution
to CoIIectiong.
FIRST-CLASS FACILITIES.
New York Correspondents— The National Park Banlt
a d Seventh Ward National Banlc.
J.S.
ALEZAin)EB,Pres.
A.A. Alexander, CaabV^I
Texas National Bank,
SAN ANTONIO, TEXAS.
all olassee ot
STOCKS AND BONDS,
OOLLKCTIONS AND INVESTMENTS MADB.
ON
Correspondence Invited.
WBDNKSDATB AND SATCRDATB.
ADRIAN
No. 1
II.
TaVL.h,En
&
SON,
PINE 8THEET. NEW YORK.
JOBN F.
Consolidated
Mining Co.,
48 EXCHANGE PLACE.
PAUL LlCHTENSTKIN,
„ _,,,
R.
made on
V.SMAKTiNSEN.
Treasurer.
w.
Mastics,
becretarr.
JOHN
Southern points on t)Mt
SOLICIT
P.
BUANrH.
Fred.
President.
r. -cott. Vice-Prea.
TUE AGEKCY
or
NATIONAL BANKS
At a Cliarse of $5 per Aiinum,
GBEEN & CUNNINGHAM,
Vlcfr President,
H.
all
return,-*.
Oi.EvN. Cash.
WE
H. R. BAI.TEKH,
President,
;
KlCHinOND, VIRIilNIA.
Collections
termb; prompt
COLORADO CENTRAL
\
MERCIIANTV NATIONAL BANE,
:
35
Issued by this
ABLE after three
F. Betz,
Edmund S. Doty, MiFruNjowN; VV.
u Diyu
DorLjaniwN S. K. Monaghan. WestVV.
Chests^
BniLDiN-<},
exoM
lively.
William M. Sinserly.
Thomas Dulan,
John Wanamaker,
R. Dale Benson.
Solicitoi^-QEORGB JUNKIN.
W
UtLLs
4
Tori
President,
A. Wheblwhight, Ass't Sec
P. Fbai.xigb, See.
vaults.
Frank E, Hippie.
Henry C. Gibson,;
Lemuel Coffin,
Beauveau Borie,
BURFORD,
9500,000
money payable by check and
Receives Trusts of every description,
Com-
Buriflar-Proof Safes to rent at $5 to 160 per annum.
Wills kept in vaults without charge.
Bonds, Stocks and other valuables taken under
J.
Jr.
H.
O.
'J.
ItSO.)
& 263 Broadway, New
261, 2G2
TJIDSTSES.
PHILADELPHIA.
pany,
Wm.U.Macy.
THORNELL. Secretary.
LOUIS G. HAMPTON, Assistant Sefiretary.
L.
CHESTNUT STREET,
813
Aothorised Capital
»1,000,000
Paid-up Capital
500.000
Acts as Eiecutor. Administrator. Assignee, etc.
and executes trusts of every deecnptloii known to
the law.
AU
HENRY
This company
Black
Frank c. Holh.ns.
Thomas L. Watson,
Elias c. Benedict.
William P. Anderson.
The Union Trust
Chas. H. Smith,
executor, administrator, attslKnee, etc., and
executing surety for the faithful performance
81,000,000
ROWLAND N. HAZARD,
Edward Cooper,
W.Bay'rdCmtinK
allows interest thereon; also receives for safekeeping securities and other valuables, and
rents safe deposit boxes in bui'Klar-proof
BROADWAV, NEW YORK.
113
George Bliss,
William Libbey>
John C. Brown,
D. Willis James. KoOt.B.Mlntaru,
Geo. 11. Warren.'
J. Astor,
John
Schell.
J.
Charles E. Bill. John A. Stewart,
Wilson G. Hunt, S.M.Bucki'Kham,
Thos. Slocomb, II. K. Lawrence,
Clinton Gilbert, Isaac N. Phelpa,
Daniel D. Lord, Krastus CorniuK,
Samuel Sloan,
S. B. Chittenden,
JohnH.Rhoades, Wm. Rockefeller,
Wto. W. Phelps. Anson P. Stokes, Alex. E. Orr,
0. 0. Williams,
R. G. Remsen,
J. B. Johnston.
James McLean.
(ORGANIZKD IN
or trustee.
James Low.
A. A. Low,
Wm. Whltewriuht,
d
OF NEW TOIiK,
No. 49 \rALI< STRKET.
90,000,000
Capital and Surplus,
TTiDSTBES:
James M. McLean.
Ambrose C. Kingsland.
James H. Odilvie,
Henry A. Kent.
%nsnxmict.
States Trust
through the Cleartnf? House.
TKU8TEE8;
XLV.
Co. The United States Life
Insurance Co.
a
depository for moneys
This company
THE
IN
CITTf OF SEW YOKK.
authorized to act as guardian
paid Into court, and
Union Trust Company United
CAPITA I.,-
7oi.
1405
Iteal Estate Brokers,
F 8TRKKT, WASUINGTON,
Reference: Uon. A. U. V/XILLS,
U. 8., Omaha, Neb.
D. C.
iilx-Treaai
1
@FedFRASER