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financial
rouirlc
oiitnttrtJ*1
AND
HUNT'S
MERCHANTS’
MAGAZINE,
ILnrjspajH*,
%
REPRESENTING the industrial and
commercial interests of the united states,
CONTENTS.
Clearing House Returns
The Financial Situation
The Economic Disturbances
Since 1873
867
vember
868
870
Vanderbilt Lines. 872
Conservatism in Railroad Divi¬
dends
873
The Western
Monetary
and
English News
Commercial and Miscellaneous
875
877
News
548.506,481
New York
Sales of—
shares.)
bales.)
(Stocks
(Cotton
(Grain
(Petroleum
bushels.)
bbls.)
73,423,122
5,102,500
1,568,000
Providenoe
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New Haven
Portland
Worcester
Site (Fhrmtxclc.
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Total New England...
For the week under review the
RETURNS.
exhibit of exchanges is a
quite unsatisfactory one, the aggregate for the whole country
showing a very decided falling off from the total for the
previous week, and being smaller, with but about half a dozen
exceptions, than for any full week since the opening of the
year. This unfavorable result is, of course, in great measure
due to the extreme dulness which has prevailed on the New
York Stock Exchange, the dealings in shares for the week
reaching the meagre total of 775,107. Furthermore, while on
one former occasion in 1887, once in 1886, and three times in
1885, the transactions have been less in number than at present,
at no time in the past three years has the actual value of the
sales for any week been so low. Under these circumstances it
is not surprising that the volume of clearings should decrease;
but this does not account for the loss outside of New York.
In the week of last year with which comparison is now
made the Christmas holiday occurred, and hence the contrast
is between six days now and five days in 1886, but in conse.
quence of the active stock speculation a year ago the present
total of exchanges exhibits a loss of 1*1 per cent.
If, more¬
over, we make allowance for the missing day of last year the
falling off would be over 17 per cent. Considering the figures,
however, as they stand New York, New Orleans and Galveston
record losses, and the gains at other points range from 0*1 per
cent at Boston to 62’3 per cent at Indianapolis; Columbus,
Memphis, Louisville, Pittsburg, Peoria and Chicago also
record heavy percentages of increase.
New York Stock Exchange share transactions cover a market
value of $38,748,000, against $91,372,000 for the corresponding
period a year ago, and, pursuing our usual method of deduct¬
ing two-and-a-half times these values from the New York
totals, there remains $451,726,481 and $376,338,529 respectively
representing exchanges of other origin, or an
excess this year of 20’ per cent.
in the two years
—34-3
(1,444,611)
(025,100)
(—63*6)
(478,900)
(30,468,000)
(-57-1)
(+17-5)
(-6 2)
(22,180,000)
(+57-8)
(17,290,000)
(-56-7)
4-01
-100
+18-4
-t-340
+38‘S
87,196,552
5,697,»00
1,5*8,300
1,133,074
1,02-1,678
920,5^3
1,229,163
675,854
+26
99,465,750
-8-1
+ 11-0
62.607,105
10,605.511
11,872,0 <6
+15-7
(1,808,615)
73,379,915
8,076,000
1,477.650
981,050
831,000
800,129
771,429
453,c 38
(37,573.800)
+208
-t 6 2
+150
+ 15*4
(-70)
(-7-6)
+8-9
-25
—20
+10-7
+ 1-9
+34-8
+15-1
55,023,544
7,942.528
11,934,796
10.221,832
+41’2
+16-7
84,555,269
73,187,901
+15 5
85,2*5,282
-6-5
50,856,317
11,193,150
43,648,212
10,021,850
3,632,402
3,221,42*
1,460,277
2,809,512
1,524,518
4 37-1
64.314.0*5
11,249.650
4,539.711
4,405 954
2,102,. 65
+11-8
Chicago
Cincinnati
Milwaukee
Detroit
4,353,825
4,253,041
2.370,431
3,3-5,420
2.306,831
1.309,070
2,779,203
4,015.305
Indiunapolls
Cleveland
Columbus
Peoria.
Omaha
2,224,537
Denver
St. Paul
Grand Rapids
Wichita
3,590,0714
558,323
708,404
083.222
2,255,208
3,819,442
1,008,30*
3,454.239
410,472
658,626
+ 11-7
+ 10 9
+32'0
-1-62-3
+18-4
+55’3
+ 30 3
+ 23-2
4 51
+31-0
+4-2
+331
+ 16-7
-9-0
—9*1
-42
+9-9
+26-3
+27-2
—12
3,240.136
2,209,128
1,207,277
3,167.511
4.953,247
+10-6
2.2 '4,'441
+15-8
+85-2
+31-9
+29-2
4.504,524
+141
550.920
865,256
+206
+35-5
3,852,418
266,052
2,059.420
292,894
+11-9
103,043,457
79,612,716
+29-4
109,845,405
17,043,217
1,031,638
10,047,170
4,088,001
6.026.065
3,0*6.688
1,4 2«,11:7
1,281.500
14,348,682
1,1*0,324
11,211,511
+25-1
3,517,405
6,407,501
+41'*
+66
2,172,475
+42 1
1,531,157
1,135,300
-4-0
18,270,8" 2
1.601,701
12,000,847
5,675.466
7,513,169
2.637,014
1.411.144
+12-9
1,271.897
—140
-341
—ra
47,032,276
41,600,514
+ 152
50,388,120
—3*4
17,103,890
13,741,909
-J-24'5
18,272,591
+15-6
895,593,169
—1*1
1,015,690,931
-258
Rt. Louis
St. Joseph
New Orleans
Louisville
Kansas City
Memphis..
Galveston
Norfolk
Total Southern
8an Francisco
886,101,734
Total all
652,453,783
61,405.063
11,214,510
Post Office Box 958.
HOUSE
$
-9 3
004,768,529
82,681,507
Pittsburg
Baltimore
Total Middle
P. Cent.
8^,865,361
Philadelphia
Total Western
CLEARING
(775.107)
(557.200)
(28,590,300)
(34,902,000)
Dec. 17.
1887.
P. Cent.
*
t
875
Commercial
Rost.nn
These
1886.
1887.
Imports and Exports for No¬
1,175.
Week End'g
Dec. 24.
Week Ending
THE CHRONICLE.
Terms of
NO.
SATURDAY, DECEMBER 31, 1887.
YOL. 45.
+375
—50
+£1
—0*9
—14 1
+14-3
+40
~
337,505,253
Outside New York
*
+16-1
290,824,640
803,237,148
-0*6
Not included in totalB.
usual five-day telegraphic returns
We have received our
of
given below. The total for the seven
falling off from the corresponding period of
last week, but this result is due almost entirely to the fac
that this week figures include only four business days. In
comparison with the similar period of last year, which, how¬
ever, covered five days, there is a loss of 25-9 per cent.
On
the basis of these telegraphic returns the estimate for the
week ending Dec. 31 would seem to point to a decrease, com¬
pared with 1886, of about 6’5 per cent.
exchanges, and they are
cities exhibits
a
Week Ending
Week End'g Dec.
Dec. 31.
94.
Returns by Telegraph.
1887.
$
New York
Sales
of Stock (shares)....
375,788,753
(654,983)
Ronton
46.402 945
Philadelphia
39,191*762
7,983,050
39,500,000
12,304,877
Baltimore
Chicago
St. Louis
8,010,175
New Orleans
529,181.562
127,462,387
Total, 5 days
Estimated 1 day
Total fall week...
Balance Country*
Total week, all
.
1886.
P. Cent.
$
-28-6
526,272,256
(1,277,132) (-48-7)
-29-3
65,651,924
-17-5
47,512,438
-21-2
10,134,927
—4*9
41,533,707
-9*9
13,649,512
-140
9,315,000
714,069,824
10,832,761
1887.
$
457,704,844
(601,518)
01,733,854
51,093,996
10.015,994
51,230,000
P. Cent.
-24-3
(-65-2)
—15*6
—6*5
-2*0
+17*4
15,081,350
+5*1
6,430,153
—15-9
-259
657,250,191
-10*1
+651-3
120,567,104
+....
783,817.205
-3-5
100,047,362
730,902,585
78,735,802
-100
+271
102,246,137
+23*3
756,091,311
809,638,887
-65
880,003 432
-11
656,643,949
•For the fu\\ week, baaed on last week’s returns.
868
THE
CHRONICLE.
at
THE FINANCIAL SITUATION.
all
the
cities
(Vol, XLV,
named
suffered
so
heavy
a
drain of
gold.
Considering the fact that this is the closing week of
Our foreign exchange market has been quiet and
with*
the year, activity in money would be a natural event. But
out special feature.
-There is, however, a change in tone
recently and from week to week it has been growing obvi¬ —last week the market was firm, while now it is
easy.
ous that the usual and anticipated flurry was
in good part to This has been due to a subsidence of the
special demand
be averted.
The large disbursements of the Government
which always comes the last half of December, and which
which we called attention to last Saturday and the light,
apparently has been satisfied, while at the sa ne time there
speculation in Wall Street, together with a larger flow of has been a little better
supply of bills, chiefly commercial.
money from the interior to New York the last few days, and The future of the market
depends much upon the political
the announcement of the Treasurer that the January inter
situation in Europe.
Of course after the new year open3
est would be paid yesterday, have been together the bridge
our
exports become much less abundant, though
that has carried us over.
And still even these conditions
this year we have breadstuffs left and considerable
have not wholly discouraged manipulation, for the banks
cotton—probably
les3 of the litter however to'
have as usual been compelled to call in loans to prepare
go forward
than last year at this date.
Coase
for their January disbursements, a circumstance that was
quently a further movement of securities is the only
taken advantage of to push up the rates for bankers’ balan¬
thing that can keep the market down many weeks longer
ces, so that 8 per cent was recorded on Tuesday and 7 per If the conditions abroad should remain
peaceful and for¬
cent on Wednesday and 10 per cent yesterday.
Butvery eign markets quiet, there is a possibility of a renewal of
small amounts were loaned at these figures, and the
purchases of American stocks. Tae condition of our for¬
rarige for the week cannot be stated actually at above 7
eign trade, however, is such that it would appear to
per cent or below 4 per cent, averaging 5 per cent, with
require a pretty free movement of securities to bring
renewals at 5 to 5^- per cent.
Tee banks of course de.
lower exchange rates for any considerable time. Mr. Switzmanded 6 per cent, and were not anxious to loan even at
ier, of the Bureau of Statistics, has thi3 week issued the
that figure on account of the preparations making as stated
trade figures for November, and we give them below in
for the new year disbursements.
Chi time, very little has our usual form.
been done, borrowers feeling considerable assurance that
FOREIGN TEIA.DE MOVEMENT OF THE UNITED STATES-(030a
Ottltted.)
rates will be easier after the opening of the
year, while
lenders were not particularly desirous of making new en:
Merchandise.
Gold.
Silver.
gagements just at present. Tue quoted rates are
per
Excess
Excess
Tear.
Excess
| Ini- Ex- !
Ex¬
cent for GO days and 6 per cent for four months on
Im¬
j
prime
Exports. Imports. of Ex-\
of
ports. ports, j
ports. ports. of Ex¬
ports.
Imports.
|
ports.
collateral, and some few renewals have been recorded at
1
1SS7.
*
'
%
*
$
$
1
$
I
*
these figures.
Commercial papsrhas been in lit de better Jan I.... 71,534 51,951 19,583
72!
3,536j
620| 4,007 1,915 1,194
51.777 59,15* *4,379
request, and rates are slightly easier, with G per cent as the Fob
144j 1.077j + 1,533 4,351 1,332 1,010
March.
05.317
578
0-4.89J
4,423
4,44
hj tl .867 1,054 1,218 436
lowest for prime short paper ; but that is
829
exceptional, the April... "47,5(58 03.581 •1O013
+ 1,105
4,047 1,417 1,230
1,494
904
May.... 43,236 58.660 •15130
007
541
bulk of the transactions
1,925
1.384
2971
continuing at G| percent. There Juno.
505
47.958 01.232 *13274
+ 115
620!
932
1,748
766
seems to be, in
490’
the inflow of money this week from the July.... 49,306 50,593 *7,197 4,17e
673
1,082
4,008
1,335
August.
24 2'
55,4-26 05,734 *10308 5,979
5,737
340
4,058 1,713
interior, a very fair'promise of an easier market as speedily Sept.... 55,235 50 017
*762 14.089
170
1 3.913
4,779
1,462 1,317
Oct.
as the
70,032 00,95- 15,076 14,890
312
03$
14,578 4,388 1,450
January disbursements have been distributed. Of Nov
-
:
'
--
£
..
course
if this week’s
what is to be
....
interior
movement
is
an
earnest of
expected in future weeks, other things
we should scon have currency enough
being equal
to supply all wants.
The events ab*oad this week have not been
exciting.
59,928 15,0-0
1,95
300
*•
O'**
4,.r2.
1.5 53
|
1SS7. 0 44.04+
1880. 047,987
18*5. O 1 3,970
I88i. 058,022
*
particularly
75,544
1,784
743
05 0.708 *14605 43,- 8
S.778 3 15 '7 4 1,000 1 5,27# 8,724
007,151 40 83« 49.053 40,973 !• L 1,3x5 43,508 15,190 8.372
535.657 78.319 18,025 9.027
S.30> 10,077:10.242 13835
587,000 70,932 45,720 40,727 1 + 15.007 15.0-.i211 3.933 1175
Excess of imports.
,
f Excess of exports.
Rumors have come by cable which have had
This statement shows that there has been an excess of
only on our markets for stocks and cotton, merchandise imports for the eleven months of $14,665,.
but one rumor, as report goes, caused a
flurry in the stock 000. Or if we include gold and silver the year’s adverse
market at London as well.
We refer to the report of the balance
up to December 1st wa3 $40,243,000.
Of course
death of the Emperor William,
though it h id but a very December will show a surplus of exports and will reduce
brief life, font was soon contraiicted ; after that came other our
apparent debt somewhat; but allowing the usual 10
dispatches attributing the uneasiness to the failure of a house millions a month against us for undervaluations, freights,
in St. Petersburg, but this was also in turn
spielily denied. &c., we cannot estimate the year's operations as indicating
Then the idea prevailed that it was d ie to the continued less than
$140,000,000 transferred in securities. We give
movement of gold to
Germany, though that would seera later cn in this article the figures of railroad construction
to be very
-tv n,bR, as Lire London money market had during 1837
showing 13,000 miles of road built in the
declined.
The gold movement of the week is a little
pecu¬ twelve months, not counting sidings or renewals, which is
liar, the three leading E iropean banks having all of estimated to have cost 325 million dollars. This with the
them decreased their
holdings. The B mk of Prance other large capital creations during the year give some
reports r* !<■-• Y C2G7,000 gold, the Bank of Germany idea of the need there 'has been for
drawing on the
about £3-51,000 and the Bank of
England £5G1,000. Our accumulated wealth of foreign countries in carrying for¬
special cxb.e stales that this loss of the Bank of England ward our extensive
enterprises.
was due to an
export wholly to Germany of £170,000 and
Tae firm of R. L. Maitland & Co. have
recently per*
to shipments to the interior of Great Britain of
£391,000. formed an act w hich deserves mention.
It seems to have
This brings the Bank’s gold below 20 million
pounds stor boen very quietly managed, for wo have seen no notice of
ling. Tne reported rate of discount in the open market it in any of our
daily papors, and perhaps we arc violating
London is now
2J@2J per cent, against 2J per cent confidence in referring to it. But the example ought not
last week, while the rate at Paris is
21] and at Berlin 2.V to be lost to the
community, even though the natural
cent.
easier
per
Tills
rate at London and fall at Berlin and
modesty belonging to a truly good act would choose to
Paris is somewhat
surprising considering that the Banks keep it hid, Messrs. R. L. Maitland & Co., it will b$
influence
not
December
31, 1887.]
THE
CHRONICLE.
889
remembered, were unfortunate in business in 1878. We an investment of 325 million dollars. On the same basis
do not at the moment recall the special circumstances the 20,000 miles built in 18 months would represent a
attending their failure, if there were any, but presume capital expenditure of 500 millions. But in addition
their case was simply one of the very large number that heavy amounts have been spent by old roads for new
made up the. list in May of that year, the last and sldiogs, second track, equipment, motive power, &c., &c.
daikest of the months and years which preceded the Hence in the aggregate an enormous sum of money has
the reestablishment of gold payments.
Those were been put into the railroad industry in a very short space of
terrible days, when merchants saw the fictitious and arti¬
ficial in values, which the paper money era had created)
taken out by slow degrees-, every item in their accounts
time.
The
fact, too, that about half of the 13,000 miles
built in 1837
is
confined
to
the
section
embraced
by
Kansas, Nebraska, Texas, Colorado, Dakota, and Mon¬
growiig smaller except their debts. No wonder that the tana, indicates a close concentration of most of this capital.
record of failures for the first six months of 1878 showed This is not a favorable feature, but as upon two previous
liabilities and number almost without a parallel in the occasions so now the development of the country will soon
financial history of the United States, and no wonder that overcome this difficulty. Besides, there are many points in
among them many good and conservative men were forced favor of ilie present period which did not exist before
to succumb.
We mention these facts, because if any condi and which must limit and circumscribe the extent and
tions of failure would justify or put conscience to sleep on period of adverse .effects.
On the other hand it is certain
a settlement
of one’s obligations at less th?n the that for a time we shall not build so rapidly as we have
face of the bond, they existed in
this case.
And been building. After the 11,568 miles built in 1832, the
yet Messrs. R. L. Maitland & Co., who secured a com* aggregate in 1883 was only 6,7 11 miles.
There
is
not
like’y to be so great contraction in 1888,
promise at 10 cents on the dollar and legally settled all
their liabilities at that figure more than nine years ago, but that some contraction will occur would seem beyond
have celebrated the close of 1887 by paying up the remain¬ doubt.
In a more marked degree than before, the statements
ing 60 per cent, with 5 per cent interest to date of pay*
ment.
There is a thought suggested by this incident of net earnings now coming to hand disclose the tendency
We are living in a spec¬ of railroads all over the country to increase their expense
which has induced us to cite it.
ulative ?ge.
It is the infirmity of the day that the many account. We give on another page the NUvmnber figures
make debt thoughtlessly, depending upon lucky accident to for 17 roads which havp this veek furnished their returns
meet it.
National character is in jeopardy through this for that month. Among them the Northern Pacific and
condition.
Young men should everywhere be taught that Norfolk & Western make extremely good exhibits of net,
a contract cannot be entered into with
too great deiibera. but these form exceptions to the general rule, for out of
honor be held too sacred.
Ojcq created it never can be the 17 ten show smaller net than it* 1SS6, and in nearly
really discharged except by its payment in full. Mis¬ every instance simply because of a heavy augmentation in
fortune excuses
and
justifies compromise, but no expenses, gio;s earnings having increased on all but one of
legal subterfuge can satisfy the claim. when
the the roads. In some quarters it is claim d that this is merely
ability to meet it exists. S> far as we are drifting the result of an enhanced cost of operating, and there
away from that standard we had better make haste to can be no doubt that in pare this is a correct explanation;
get back.
wages would seem to be higher, and many other items
The construction of new railroad mileage in the United that enter into a railroad’s accounts cdso more than
they
States in 1887 proves to have been larger even than the did.
But the fact is, that the increase in expenses is
higbeBt estimates. Twelve thousand miles was supposed very much greater than ca led for by that circumstance.
to be an extreme limit, but the Railway Age of
Caicago It is singular, too, that in many cases the increase follows
has returns showing 12,724 miles of main track actually an equally
heavy increase last year, so that while gross
laid within the year, with a strong probability that the earnings have
decidedly improved, net earnings have fallen
final total will be fully 13,000 miles.
off
for two success! ve years.
Never before was
It is further noteworthy
such a large amount of new road built in a period of that this feature was not observable in the earlier montts
twelve months.
The closest approach to it in the past of the year.
Hence it would seem as if the railroads,
was in
1S82, when the new construction reached 11,568 having experienced a very good business in the first part
miles, marking the culmination of the previous era of ex. of the year and earned their dividends or charges as the
ceptional activity. In 1886 the total was also large, and case may be, in that period, had determined to avail of
reached 9,000 miles, so that in the space of two
years the the continued prosperity to make a Urge measure of
United States ha3 added 22,000 miles to its system of renewals and
put property generally in higher and im¬
roads. But it is during the last eighteen months that proved
condition. And this view an ana ysis of the
construction has been especially active, three-fourths of the figures bears out.
9,000 miles added in 1886 having been built in the last
Of all the roads where this increase in expenses is a
8ii months of that
year.
Hence, since the 1st cf July, feature, the Pennsylvania is most prominent. It reports
1886, there have been laid in the United States nearly for November a gain of $387,936 in the gross earnings of
20,000 miles of now road.
the Eastern lines,.and at the same time an augmentation
We need hardly say that however viewed this
repre¬ in expenses of no less than $558,467, so that the net is
sents an
exceedingly large aggregate. Nor need we actually $1-70,531 smaller than a year ago. In itself,
dilate upon its effects in
stimulating business and trade such a result affords a strong presumption that something
everywhere. In fact, the present period of prosperity, besides the ordinary expenses is eating up earnings;
like the
preceding one, is in great measure to be ascribed and if we go back one year further and find that there was
to railroad
development. The iron and steel and all an increase then of $465,2 43 in .the same item, so that in
allied trades certainly owe their
great expansion to its this one month expenses in two years have risen over a
influence. The point of most importance, however, is to million dollars, the conclusion becomes quite irresistible.
determine what the prospects are for the coming year. From the following it will be seen that as the result of
Taking the cost at $25,000 per mile, the Railway Age this increase in expenses net earning3 for November, 1837,
fads that the 13,000 miles of road built in 1887
represent are the smallest of any of the years given.
L'HE
870
CHRONICLE.
[Voi. XLV.
1
lines East of
1886.
1887.
1883.
1884.
1885.
1
1888.
Week ending
Into Banka.
December 30,1887.
Out of Banka.
Pittsburg.
*
*
*
t
*
4,735,154 4,347,218 3,971,539 3,950.937 4.473,479 4,373,825
2,355,254 2,475,226 2,616,302 2,771,463
Operat’d expenses. 3,378.964 2,820,497
1,475,711 1,857,177 1,602,362
Net earnings... 1,356.190 1,526.721 1,616,285
-52,408 +330,303
-212,105
-48,632
+49,499
—46,904
Western lines
November.
•ross earnings
1,567,653
1,309,286 1,576,220
Result
Jan. 1 to Nov.
Banks’ Interior Movement, as above
*
1,263,606
1,804,769
Sub-Treasury operations
|
30.
44,922,657
50,778,850 45.950.852 41,568,345 44,797,5&3 47,242,734
29, ? 89,552 26,792,277 27,853,911 29,089,861 27,675,083
33.575,517
Operat’d expenses.
18,152.873 17,247,574
Net earnings.. 17,202,833 10,361,3OOj
16,943,672 +1110.803
+1911,284
+1269,509
+221,323|—1165,191 -731,131
Western lines
18,472,342. 16,582.623;13,610,877jl6,2i2,541 19,263.676 19,158,858
14.776,068!
j
Result
tenders
...
5,930,000
*1,044,000
5,500,000
*8,489,000
16.544,000
|
Change In
Holdinqs.
Gain..
400,000
UlU-
i
1,932,665
Gross earnings
Total gold and legal
12,539,000
Net
Bank
lion during the week.
This represents £170,000 shipped
abroad and £391,000 sent to the interior of Great Britain.
The Bank of France shows a decrease of 6,675,000
francs gold and an increase of 575,000 francs silver, and
the Bank of Germany, since our last report, has lost
13,3 60,0 00'marks.
of bullion in the
The following indicates the
principal European banks.
amount
December 29, 1887.
December 30, 1886.
lines much the same policy
Banks of
Total.
Gold.
Silver.
Silver.
Gold.
lotal
seems to have been pursued.
Thus the Northern Central
£
£
£
£
£
£
"
which last year in November had a heavier increase in
19,910.682 18,820,089
19,910.682
England..
18,820,082
44,611,514 47,771,836 92,383,330 49,613,968 45,780,497 85,304,485
expenses than in gross earnings, now follows this up France
20,158,020 17,875,980 38,034,000 17,741,750 15,733,250 33,475,000
Germany
by a further augmentation in expenses to amount of $144, AuBt.-IIung’y 7,368,000 14,528,000 21,896,000 6,682,000 13,853,000 20.535,000
5,562,000 8,122,000 13,681,000
12,216,000
757, with earnings enlarged only $49,008, so that the net Netherlands.. 4,050.000 8,190,000
2,721,000 1,361,000
3,980,000
2,653,000 1,327,000
Nat.Belgium.
4,082.000
this year is but $102,177, against $197,926 in 1886, and National Italy 6,983,000 1,118,000 8,101,000 7,410,000
914,000
8,380,000
Tot.
this
week 105,734,246 90,816,816 190,551,063“ 108,586,807 85,763,747 104,350,554
$207,928 in 1885. The West Jersey, the Camden &
Tot.prev.w’k. 106,954,359 91,140,798 198,095,157! 110,035,471 80,144,593 190,180,066
Atlantic, the Baltimore & Potomac, and the Grand Rapids &
Indiana likewise show smaller net in November this year
The Assay Office paid $192,451 through the^Sok
than in 1885.
In brief then, though the operating cost Treasury during the week for domestic and $125,280
is higher,
railroad managers are spending
6
° large
® amounts
the following from the Custom House,
.
Pennsylvania
On other
....
bullion, and the Assistant Treasurer received
’
.
.
,
stock market has
The
.
making preparations for less
improvements and thus
prosperous seasons.
for
Consisting of—
Dale.
continued
very
Duties.
quiet the pap*
week, but has manifested a hardening tendency notwitb.
standing the developments connected with the Reading
strike.
The strike has had no controlling influence on
speculation, but the varying phases which it has presented
from day to day have caused more or less frequent fluctu¬
ations in prices.
Early in the week an impulse was given
the upward movement by reports of probable higher divi.
dends on the Vanderbilt roads.
As no change in the
rate of distribution was made at the meetings yesterday,
Gold.
U. S.
Gold
Silver Cer¬
Notes.
Certifies.
tificatea.
$375,000 37
236,770 94
$3,000
2,000
$35,000
40,000
day...
$2 J7,000
169,000
$39,000
2,000
43,000
83,000
418,000
40,000
5,000
627,000
60,000
29.
539,338 96
776,108 42
503,483 56
8,500
60,000
376,000
58,000
Total..
$2,430,702 25
$20,500
$266,000 $1,917,000
$225,000
Dec. 23.
“
24.
“
26.
“
27.
“
28.
“
28,000
THE ECONOMIC DISTURBANCES SLNCE 1873.
[third article.]
disappointment was caused and prices declined frac.
tionally, but there was a recovery in the late
dealings.
There is really no reason why the
some
showed last week how inadquate was Mr. Wells’
explanation of the fall in the price of wheat. We shall
unfavorable effect on ^bis week consider the history of the production and
action taken should have an
values. The annual statements are very satisfactory, and prices of cotton; an article less prominently connected in
the managers have simply followed their natural inclina- men’s minds with the existing depression, but of even
tions and pursued a very conservative policy.
The dis- greater importance in the international trade of the coun¬
play of strength in the general market is explained on the fry- The behavior of cotton prices in recent years, though
idea that
of the money to come from the January to the general observer less noticeable than that of wheat,
interest disbursements is being invested.
It is also has really been no less remarkable. Wheat showed an
claimed that prices are relatively low.
But the probable enormous decline in the face of an undiminished popular
action of Coi gress on the. surplus question remains as need; cotton shows not only a persistent failure to advance,
uncertain
Norfolk & Western has advanced on but even a marked tendency to decline in the face of a
good reports of earniDgs, and Union Pacific has also been vastly increased demand for consumption. The smaller
taken at advancing figures on the generally g>od condition
decline in the one case is as extraordinary as the greater
of the property.
There has been increased activity in decline in the other,
bonds, but the public shows little disposition as yet to
^r- Wells passes over the subject lightly. Inhisde*
into the market and speculate.
tailed account of price movements, the article which
The following statement, made up from returns collected furnishes more than one-fourth of our exports receives
by us, shows the week’s receipts and shipments of currency but
one-fortieth of the total space—less than one-half the
attention which is devoted to nitrate of soda. Yet even this
some
as ever.
come
and
gold by the New York banks.
Week ending December
30,1887.
Currency
Net Interior
Movement.
*2,589,000
*1,044,000
Gain.
*1,545,000
*2,589,000
*1.044.000
Gain.
*1,545,000
Gold
Total gold and
legal tenders....
free from errors of details
“Comparing I860 with 1385,” he says, “ the decline in the
price of cotton in the New York market has not been material*
The year 1836, however, witnessed a decline to a lower point
than has been reached, with one exception, since the year
brief treatment is
Received by
Shipped by
N. Y. Banks. N. Y. Banks.
by
no means
1855.” * * * “On the other
hand,
the, increase in the world’s
,
,
,,
°,
supply of cotton in recent years has been very considerable,
of currency and gold caused by this movement to ma the American crop increasing from 3,950,009 bales in 1373-73
from the interior.
In addition to that movement the banks to 6,575,000 in 1885-36, or 67 per cent; while the supply of the
have gained $400,000 through the operations of the Sub- world for the corresponding period is estimated to have
Treasury. Adding that item to the above, we have the increased from G,524,000 bales to 8,678,000 bales, or at
following, which should indicate the total gain to the New rate
ab°ufc 42 perhave
cent.occasioned
Such ana more
increase
in decline in
*.•
i 3
3
£
would-undoubtedly
marked
.
York Clearing House banks ot gold and currency
„
. ., , increase
.
J for the
a great. and, coincident
price had it not been for
in
week coveied by the bank statement to be issued to-day.
}ie worpps consumption of cotton fabrics; which in turn was
mu
u
u
i
i
.
The above shows the actual
.
,
„
,
,
,
•
u
changes
.
in
.
.1
i
iiTithe
bank
hold mgs
.
,
the
production
■*r
i
/I,
tt
•
°
u
i
°
December
of a material decline in the cost
as the result of improvements in machinery and
undoubtedly in consequence
0f the same,
871
THE CHRONICLE.
81, 1887.J
production.”
In regard to these statements we note, first, that the
initial year chosen is conspicuously unfair. Prices in I860
represented the lowest point in the reaction against the
speculations of 185G-57, and were also unnaturally
depressed by the very large crops of the previous seasonsTo properly appreciate the effect on prices of the increased
production in the United States, bear in mind further that
this country previous to that period had been furnishiDg
almost all the supply of the raw material the world had,
and yet with the increase from' America there was a
concurrent increase from “ other countries.”
Thus it
happened that the world’s new supply in 1857-58 was
4,037,000 bales—only three times in the history of the
trade had it previously reached 4 million bales—of
ordinary weights ;
in 1858-59 it was 4,785,000
hales ; and in 1859-60 it grew to the remarkable total of
5,816,000 bales; and it has been asserted by those best able
to judge that nothing but the American war saved our
cotton producers from a great disaster.
We are therefore
obviously justified in saying that the initial year chosen by
methods of
reader—will be able to agree
is an immaterial loss.
no
with Mr. Wells that this
persistency of the decline in the fore¬
going averages since 1873, when the anti-silver crusade
began. Observe that though not wholly uninterrupted, the
decline is continuing, each recovery being followed by a
lower dip, and this has taken place when,as we shall presently
show, under the influence of supply and demand, an advance
ought really to have been recorded. Even as to increased
supply, we see that Mr. Wells’ figures are quite inade¬
quate. He has made his comparison on the basis of
number of bales produced, whereas from year to year the
average weights differ materially. Following the ordinary
method of reducing the bales to an average of 400 lbs.,
it will be seen that the new supply increased between
1872-73 and 1885-86 (the thirteen years he uses) 50 per
cent, instead of 32 per cent, as he states it.
But an error which is far more serious than that is in the
Note further the
explanation of the causes which led to this increase of sup¬
ply. He implies that the larger production was an indepen¬
dent event, and that the increased demand was a sort of
lucky coincidence. Obviously, the effect upon prices would be
different according as demand was a cause of the increased
Mr. Wells is conspicuously unfair.
supply or not. In the former case we should expect prices
But a second fact that vitiates the comparison is that it to rise; in the latter case they would be likely to fall; but
is based on quotations in the New York market, and yet even in that case not so materially as they have fallen,
(1) the initial year is in ante war times when there was no unless the supply kept constantly in advance of consumpofficial market here, reports in the different newspapers tion, accumulating year by year.
Fortunately we have statistics which are so complete
often differing widely; and, what is even more faulty (2),
that
they enable us to answer this question with confidence.
it omits to make reference to or any allowance for a material
No other trade has such perfect records, and the con¬
change of grade by the new classification which has since
The increased use of cotton
the war been adopted. The truth is, the Liverpool market clusion they teach is clear.
was
the
independent event; the increased supply was pro¬
affords the only sure basis of comparison accessible to any
duced
in
order to meet the demand thus created.
investigator desiring to reach correct conclusions. For
One of the most striking things in recent industrial
the purpose of this discussion, and to show how wide apart
theories and facts may often get, we reproduce from Mr. history has been the steady growth in cotton consumption.
Ellison’s circulars the highest, lowest and average prices Beginning in 1868, when the total was slightly under five
at Liveipool for each season since 1856-57, omitting million bales, it advanced, practically without interruption,
(because of no present use and our space is limited) the until 1882-83, when it amounted to about nine and a half
each—an increase of over 90 per
years covered by the American war and those following, million bales of 400 lbs.
influenced
by cent. Then there was a slight drop; but matters soon
hen prices continued more or less to be
recovered and the figures for 1886-87 were 200,000 bales
ar conditions.
higher than for 18S2-83. There is no difficulty in account¬
MIDDLING ORLEANS AT LIVERPOOL.
Lowest.
Average.
Highest.
Season of—
ing for this immense increase. Mr. Wells himself states
7*80(1.
0*37 d.
9-25(3.
1850-57
The
reason in part.
Improvements in machinery have
7*14(1.
0*31d.
9*25(3.
1857-58
7*03d.
0*75d.
7*38(1.
reduced the price to the consumer; this reduction in price
1858-59
6 Old.
5*75d.
7*37(3.
1859-00
has greatly increased the quantity which the market will
7*00d.
G*50d.
10*12(1.
1860-61
Omitted for reasons stated.
1801-72
take, even in times of commercial depression. But what
9 05d.
9*00d.
10*50d.
1872-73
Mr. Wells fails to see, is the natural effect which this
8’52d.
8*18(1.
9*37d.
1873-74
7*87(1.
7*18(1.
would have on the price of raw cotton.
8*37d.
If other things
1874-75
0*02(1.
0*00(1.
7*37(3.
1875-70
remained the same, it would make the price rise.
0*50d.
0*00(1.
7*31(1.
1870-77
0*51d.
0*00(1.
0*S7d.
Suppose that the raw material in a certain piece of goods
1877-78
0*20(1.
5*25(1.
”7 *3 Id.
1878-79
cost 2 cents, and that the expenses of manufacturing were
7*00(1.
0*75d.
7*02d.
1879-80
4 cents, the goods cannot be put on the market below 6
G*02d.
5*81d.
7*43(1.
1880-81
0*87d.
0*43d.
7*37d.
1881-82
cents.
Now suppose that an improvement in machinery
5*87d.
5*56(1.
7*12d.
1882-83
reduces the cost of manufacturing to 3 cents, the goods can
6*20(1.
5*87(1.
0*50d.
1883-84
5*87d.
5*50d.
6*25d.
now be sold at any price above 5 cents.
1884-85
But this produces
5*25(1.
4*75d.
5*62d.
1885-80
an increased use of the goods, and an increased demand
5*50d.
5*19d.
GOOd.
1880-87
Even if this demand raised the
What further need be said with regard to Mr. W'ells’ for the raw material.
...
—.
assertion that the decline in
cotton has not
been material.
price of the cotton to
cents, there would
consumed under the new system than under
still be more
the old. The
comparison with his initial year of 1859-60
*(which is an unfair starting point, as we have shown), his old price gave 2 cents to cotton and 4 to manufacture ; the
cents to cotton and 3 to manufacture.
assertion is certainly surprising in view of the above new price gives
results. Look at the yearly averages given—at the earlier The final cost to the consumer is less, and the quantity
Improvements in
date (1859-60) 6*61 d. per lb., now 5*50d. per lb. That taken by the market is greater.
indicates a loss of 1 1-1 Od. (say approximately 2 1*5 cents) machinery put the manufacturers in position to demand a
on
every pound of cotton the producer sells—one sixth of larger amount of raw material, even if it be at a slightly
the whole gone, call it 50 millions of dollars.
We think higher price; and the natural tendency of such increased
demand is to make prices rise.
®o planter or dealer—in fact we are inclined to believe
Even making
TRE
872
Now iQ the
case
of
cotton, there
has been
CHRONICLE.
such
an
if any or
such
increased
[Vol, XLV.
all other causes whatever have contributed to
result, the influence exerted has not been appre¬
demand, and prices have not risen; in fact they
materially as we have seen. The fall has not ciable.” The demand for cotton has increased the stocks
been wholly uninterrupted, but nearly so.
Its extent and of cotton have diminished; there has been n - mdency to
regularity is made more distinct if wo take long enough overproduction, and no radical change in t w. conditions
periods to escape the more temporary causes of variation- of supply; at the same time prices between
e first and
In the following we so divide the yearly averages given last period given in the above statement h v ■ fallen off
above from 1873-74 down to the present time; the periods over one-fifth.
We leave our readers to d;
their own
are 5
conclusions.
years, except the last which is but 4 years.
a
have fallen
..
LIVERPOOL AVERAGE PRICES OF MIDDLING ORLEANS.
inclusive—average
lb
...7'20d.
1878-79 to 1882-83, both
inclusive—average peril)
G*54il.
We
1883-84 to 188(5-87, both inclusive—average per lb
5’70(1.
to the
These
per
figures point strongly toward an appreciation of
gold as the only satisfactory explanation. This presump¬
tion, if it is to be met at all, must be met in one of two ways
—either by showing that there was an overproduction,
which more than met the demand, or by proving that
there were such important changes in the cost of produc¬
tion as to make prices fall to the extent they have fallen?
in spite of this tendency toward increased demand.
The first hypothesis is out of the question.
There has
been no overproduction of cotton.
The consumption
tends to trench more and more closely upon the limits of
the available supply.
In our annual crop report, figures
were
given shoeing not merely iho annual production and
WESTERN VANDERBILT l
THE
1873-74 to 1877-78, both
XES.
have
frequently had occasion of late to refer
strikingly good exhibits of earnings made by most
of the trunk
Shore &
lines, and the annual statements of the L^ke
Michigan Southern, the Michigan Central and the
Cleveland Columbus Cincinnati &
ted
yesterday—are
It is of
the
trunk
a
Indianapolis—all submit¬
further illustration of the same point.
course
clear
that the conditions in the
lines
have
been very
case
of
favorable to large earn¬
ings. In the first place the roads have been at peace and
working harmoniously together, even the Baltimore &
Ohio having latterly been brought into the
arrangement.
In the second place, there have been no new com*
peti'ors to divide business among. As a result, while in
the Northwest and Southwest rates have been
completely
unsettled, sinking lower ana lower, on the trunklines
consumption, but trie stocks carried over from year to they have been well maintained at paying figures. There
year.
We find that m October, 1872, after a crop of have been exceptions in the case of special classes of
6,277,000 bales, the supply carried over, visible and traffic, the tariff on grain for export having been demor¬
invisible, amounted to 2,453,000 bales. .Nor was this alized a good part of the time, and dressed beef rates also
unprecedentedly large. For the next five years the supply having suffered a brief break in the closing quarter of the
did not fall below 2,300,000 bales. But in more recent times year.
But these exceptions are not of sufficient import¬
wo
find that even after the enormous crop
ance
to
of 1883
qualify materially the general statement made.
Finally,
trade
and business have been exceptionally good,
(10,408,000 bales), the amount carried over was only
2,405,000, or less than it was in 1872; while in sub¬ making the volume of traffic very heavy, the companies
sequent years it has not reached 2,000,000; and, including finding great difficulty in supplying rolling stock suffi¬
the current year, has probably not averaged 1,850,000? cient to handle it.
of which over 050,000 bales is invisible.
The improvement in earnings in 1887 (over
In other words’
1886) fol¬
this shows a loss of nearly 600,000 bales since
lows
from
this
growth
in
and
directly
traffic
1883, about
prosperity of
all of it in the visible supply, leaving only about
In
from
business.
this
it
differs
the
in 188G
increase
1,200,000
bales in sight (that is stock in ports and afloat aU over the (over 1885)
which was the result entirely of better rates
world) for spinners’ current takings—a wholly inadequate received, both the Michigan Central and the Lake Shore
amount for the free
working of the mills, as each summer then having had a smaller tonnage mileage than in the
proves, and every one in the trade knows.
Or consider it year before, though the passenger movement had been
from another point of view. Compare the years of commer¬ greater.
The extent of the addition to traffic in the year
cial depression now with those of the preceding
period of 1887 we cannot know till the publication of the annual
the same character—we find that the absolute
surplus has reports many months hence, but unless all signs are mis¬
diminished 20 per cent, that the total crop has increased leading it
has been very hea7y. A slight untoward feature
about 4 0 per cent, and that the proportion of surplus to total developed toward the close of the year in the
great in¬
crcp has diminished fifty per cent.
Whatever such facts crease in expenses so strongly brought out in the Novem¬
mean, they clearly do not mean relative overproduction. ber statement of the Pennsylvania, issued this week, where
With regard to changes in the cost of production, it is an improvement, of $387,936 in gross earnings
for the
harder to get positive evidence.
On many plantations it month is accompanied by an augmentation of $558,467 in
has undoubtedly been reduced.
People are learning how expenses, leaving the net eainings actually $170,531 less
to use free labor and intelligent
methods of cultivation. than in 1836. As pointed out in another column the in¬
Yet it must be remembered that tlie decisive element in crease
in
expenses
is altogether too large to be
the effect cn the price of our agricultural products, is the explained by an increase in the ordinary cost of operat¬
cost of that part of the supply which is produced at the ing, and hence it can
only be the result of a very liberal
greatest disadvantage, and it is a question whether the policy in the making of repairs, &c. And so it must be in
majority of planters are cultivating cotton at any less cost other cases. The same thing for instance has been illus¬
than in I STB.
But that inquiry need not he pressed, since trated in the recent statements of the New York Central.
the decline in price is so material, and the decline, if any, In the results for the full year, however, a loss in net
in cost of production must be so slight, as to make it earnings like this does not always appear, for it serves
obvious that the lower cotton flotations cannot be ac-. only in part to counterbalance the early gains; thus the
counted for on the theory of a less expenditure of
capital Pennsylvania for the eleven months to November 30
and labor in production.
shows improved net to the extent of $841,533, notwith¬
Mr. Wells says that “the decline in prices of the com¬ standing a falling off of $368,000 in the three months
modities which have been specified has been so
largely ended with November. We do not know of course
due to conditions affecting their supply and demand, that ' whether this influence existed to the same extent on the
*
T
81, 1887.]
December
E CHRONICLE.
873
review, though thau now. For the years preceding the consolidation
there is strong presumption that it did, especially in the (1883) we give the combined totals of the two roads.
COM
EARNINGS
SOUTHERN.
case of the Michigan Central, but at any rate the tendency
has been that way, and we refer to it as one of the fea
Interest
Operating
G
Net
roads whose reports wo cow propose to
LIVED
OF MICHIGAN CENTRAL AND CANADA
voss
Yean.
of the year.
It follows from what has been said that very favorable
Ea rnings.
tures
statements were expected from the Vanderbilt companies’
and this expectation is fully met. Tne Lake Shore espe’
cially makes a very* flattering exhibit, though dividends
remain as before on a four per cent basis. Tnere is an
increase over 1886 in the case of gross of $2,816,009 and
This follows an in¬
in the case of net of $1,556,364.
crease in 1886 over 1885 of $1,725,949 in gross and
Expenses
a n
Earnings.
8
1878
4,570,330
1,994,210
2,899,1-iS
2,371,551
9,208,900
9.711,039
3,189,085
1,208, J 28
2,489,602
2,433 413
708,483
1,834,712
2,099,945
2,092,794
2.0--‘ 8.002
01,343
2,600,7 53
3,891,11!)
4,28-4,000
2,5.30,000
20,0.38
1,314,164
1.752,000
1880
1883
12,791,428
12,303,591
12,457,991
14,009,707
1884
11,059,077
8.959,132
1885
10,707,394
12,295,828
14,140,0001
8,011,003
1880
1887
8,104,079
9.852.000
A statement has likewise been
$1,281,86 4 in net, so that in the two years there has been embraced in the
an improvement of over
millions in gross and over
dianapolis system.
millions in net.
The improvement is the result
bus
Cleveland
It
gained $831,012
8
2,003,29
2,013,15
1,249,957
2,582,126
527,597
10.4 10,795
1882
8
*
0,437 497
7,147,083
8.215,092
9,4 01.443
1879
1881
Surplus.
d
lientids.
and Taxes.
3 O'15 13!
3,203,112
2,576,985
^
f
1 0.‘>.1
S-17
submitted lor the roads
Co’umbus
Cincinnati & In
that the Cleveland Colum¬
in gross and $240,996 in net,
in addition to the $779,491 and $942,7 77 gair ed respec¬
tively in the previous year. In other words, the net
(above both operating expenses and improvements) is now
$2,359,563, against $1,175,790 in 1885. After paying all
charges, taxes and rentals there was a surplus of $333,299; ou the 1885 operations there was a deficiency of
$SG3,S25.
appears
the trunk lines,
consequent restoration of rates, and the
revival of business activity. It is seldom that such a
marked change in the fortunes of a road will occur in so
brief a period.
In 1885 the total of the net was only
$4,845,969, or the lowest of any year since 1S77; now the
totalis $7,684,197, or almost 60 per cent greater, and the
heaviest in the company’s history with one exception
CONSERVATISM IN RAILROAD DIVIDENDS.
There has been little change in fixed charges in the inter,
The action of the managers of the Vanderbilt Western
val, so that the whole of the gain in the net counts as
iines in not increasing dividends, when, as showa in the
profit fir the stock: hence, while in 18S5 only $1 9S per
share was earned, in 1887 $8 13 was earned, of which, preceding article, there was such a large balance above
the amount required for the regular rate, is evidence
however, only $4 00 i3 distributed in the form of divid¬
of a conservative
policy which at present is quite
ends. Even after the payment of the four per cent
common among
railroad managers. Tuis conservatism
dividends, and various other extraordinary items to
is in sharp contrast with the course so generally pursued
amount of $899,450, a surplus of 14 million dollars
years back.
Tnen there was little hesitation
remains on the year’s operations.
Following is a summary only a few
about increasing dividends, and it was not uncommon to see
of the yearly results since the consolidation in 1869, the
a railroad make distributions to the full extent of its ability.
figures for 1887 being of course partly estimated. It will
Now care is taken to have a surplus—that is, with the best
be seen that both gross and net earnings have only been
of roads—and increased earnings are sure to go in part
once exceeded, namely in 1880.
In that year also charges
at least to improving and strengthening the property.
were about a million dollars less, so that 11-28 percent
Moreover, it would seem as if investors were content
was then earned on the stock.
with
a much smaller
rate of return.
E itirely aside,
LAKH ML >KE & MI< UHLAN SOI.'TIIKKN*S INCOME.
however, from the desires and expectations of stockhold¬
1
Dividends per Share
Operation
Net
Fixed
Cross
ers, the disposition is to devote larger amounts to per¬
of $;oo.
Expenses
Years.
'harges.
Earning^. and Taxes. Earnings
manent improvements.
Earned.
This change of policy is a
] Paid.
1
*
$
*
$
*
development of railroad environment in this country.
I
8 00
9 00
1870
8.3(58.821 5,140,415
1.828,897
13,rr:>9,235
Our territory is so sparsely settled; there are so many
00
8 37
1871
9,779,89(5 5 118,043
2,121,104
14,808,449
1 1,859,520
8
8
00
55
1872
5,800,409
2,201.459
new
roads entering every section; competition is so
17,599,935;
4 00
0 10
1873
2,634,500
19,411.509 .13,740,598 5,007,911
3 25
1874
0 04
3,008,193
active, that the company which did not thus meet its
17,140,131! 11,152,371 5,993,760
2 00
2 20
1375
2,810,294
14,134,190 10,531,501 3,902,098
rivals in the matter of furnishing better service and
3 25
1875
3 20
2,759,989
9,571,850 4,374,341
13.949,177
cessation
the
of
and
of
strife
among
the
■
*
‘
•
.
8
...
.
.
...
1377
8,903,900
4,541,193
2,775,057
3 57
2 00
8,480.001
2,718,792
2,754,98-(
5 01
4 00
8,934,524
5,493,105
0,350,90 S
7 24
6 50
i
10,118,105
8,351,353
2,750,374
2.725,375
11 28
8 00
8 02
8 00
3,027,000
8 37
8 00
3,49 ■',800
8 11
8 00
3,720,070
4 02
5 00
3,867,450
1 98
1879
13,505,159 j
13,979,7(5(3
15,271,492;
1880
18,719,451
1881.....
17,971,391' 11,278,429 0,002,902
1SS2.
18,225.639
1883
18,513,650
j
11,057,'- 07
11,001,854
1884
1885
1880
14,843,584)
9,13 >,522
9,287,537
1878
15,859,455!
9.731,022
7,107,832
7,511,-0.*
5,710,002
4,845,909
6,127,833
41
10,995,207
7,084.197
J
....
1887
1,135,500
18,075.40
Oil the
3,712,978
4 88
2 00
3,000.000
8 13
4 00
increased facilities would
soon
be left behind in the
race.
time the
margin of profit i3 so small that if
the necessary outlays were not in part at least made out
of earnings the capital account would be s > increased as
to render competition almost equally out of the question.
It is for these various reasons that so few large or
prominent loads (except in the New England States)
have enlarged their rate of distribution, notwithstanding
the fact that they have been experiencing a very pros¬
perous time.
The trunk lines certainly have occupied a
favorable posit’on.
Among them no new competitors
have developed, and rates except on special classes of
At the
same
Michigan Central the net results are not quite
favorable, owing to a much heavier proportionate in¬
crease in expenses.
The gain in gross is $1,844,000, but
in net only $397,000.
For the two yearsthe gain is
$3,433,000 in gross and $1,596,000 in net. In 1885 the
A3 a result
net was
only $2,692,791, now it is $4,288,000, or say 60 traffic have been w'ell adhered to.
have largely increased.
Yet dividends
per cent greater; and after apportioning the earnings in earnings
have
been
maintained
on
a
low
basis.
None of the
the usual way between the Michigan Central and Canada
Southern and allowing for miscellaneous income it is Vanderbilt roads, for instance, are paying more than
found that the Michigan Central earned 6 69 per cent for 4 per cent per annum, though some expect an in¬
its stock in 1S87, and the Canada Southern 3-60 per cent crease in the New York Central dividend at the meeting
From the following it will be seen that while the gross is to-day. As we pointed out last week, the lat'er company’s
the largest ever made the net is below that for 1880. The report shows 5-J per cent earned on the stock for the late
surplus above charges was considerably heavier in that year year, even after charging some extensive improvements
so
»
CHRONICLE.
THE
874
[Vol. XLV.
operating expenses.
The Lake Shore like^iia as favorably situated a3 the trunk lines, since there is so
has charged
all additions and betterments to ex¬ much new mileage and competition in their territory. More •
penses, and yet has earned $8 13 per share, while the over, as compared with the trunk lines, their dividendsMichigan Central shows a balance equal to 6-69 per are much higher, the lowest among the leading companies
cent.
The Canada Southern - continues on a 2-J- per being the 5 per cent on St. Paul common. .But dividends
cent
basis, with a profit the late year of $3-60 on some of them were reduced in the period of depression
per share.
The Pennsylvania in 1886 had a large two years ago, and where that has been the case there has
surplus above its 5 per cent dividends, and fcr the been in no instance again an advance. The Chicago &.
eleven months of the present year has gained in net $841,- Northwest continues to pay 6 on common and 7 on pre¬
533 on its Eistern system, and $1,048,186 on the Western ferred, against 7 and 8 respectively in 1883 and 1884,though
it earned over 11 per cent on both classes of stock in the
system. Yet it was not till November that the rate of
distribution was raised from 2^ per cent semi-annually to year ending May 31, 1887, and that, too, without counting
3 per cent.
In the following we compare the trunk line the surplus on the lines west of the Missouri. Tne Omaha,
dividends for ten years past.
Toe figures are made up on likewise, is earning considerably in excess of the 6 per
the basis of the dividends actually paid in each year.
Tne cent being paid on the preferred stock. Here is the
Baltimore & Ohio passed its November dividend for well record for ten years.
f
lyiderstood reasons peculiar to itself, and hence is down
!
1878. 1879. 1880. 1881. [ 1882. 1833. 1884. 1835. 1386. 1887.
Company.
for only 4 per cent, like the Vanderbilt roads.
0
0
7
7
7
5
5
0
034
Chicago & Northw’n.
6
to
Company.
8
8
8
N. Y. Central
8
N. Y. L. E. & W.,pf..
Pennsylvania
2
Baltimore & Ohio....
8s.
Michigan Central
2
434
*8
3
*
4
per cent
....
534
334
3
734
6
6
6
834
7
8
9
10
10
10
8
+ 10
8
8
8
of this in stock,
8
834
034
234
Chic. Milw. & St. P..
7
5
5
534
10
8
4
4
5
3
4
2
2
2*
t Increase due to change of dividend
8
7
7
7
7-H
2 34
7
7
7
7
7
7
7
7
+9M
mi
8
8
7
7
Quincy
8
8
Chic. Kock Isl. & Pac.
8
10
Chic. Burl. &
10
1034
pref—
Do
•4
4
3^4
7
pref....
Do
1885. 1886. 1887.
1879. 1880. 1881. 1882. 1883. 18S4.
1878.
8
734
7
4
5
7
7
7
8
8
8
8
8
7
7
7
7
7
T4JW
6
A
0
0
Chic. St.P.M.&0.,prf.
7
7
7
7
St. P. M. Ac, Manitoba
3
59
8
734
0
7
■
0
7
20 per cent in stock.
* And 100 per cent iu stock. § Change of
dividend periods swelled the total this year. If Amount for year dimin¬
ished by change of dividend periods from quarterly to semi-annual.
t And
Among the prominent roads' running south and south¬
west from Chicago and St. Louie, there has been no
the country—barring always the New England States
change except that the St. Louis & San Francisco, as
are
—there
equally few large
and prominent already stated, has begun dividends on its preferred in
have increased
their rate of addition to the 1st preferred.
companies
that
but lest erroneous
conclusions and
distribution,
j
1885/1886. 1887.
1878.! 1ST 9.1 1880.! 1.881. 1882. 1883 1834
Company.
deductions
drawn
from
this, we
be
wish
to
j
'
period.
We shall show further below that in other
point out before
host of minor
proceeding further that there is a
prominent companies which have
less
or
sections of
enlarged their rates, resumed, or just begun divi.
dends.
Many of these are not under the same necessity
for making improvements as the. larger systems, and
besides a small change in earnings works important difv
Hence in some respects such roads
ferences with them.
either
afford
a
better idea of
the
course
of
railroad business
prominent companies. And as our monthly
reviews of earnings have indicated, the improvement has
been geneial and widespread, embracing all sections of
than the
more
country. If we take merely the roads that have
resumed in 1887, or which now pay for the first time, the
the
widely separated lines as the Milwaukee
Shore & Western, which has just declared a divi-
Chicago & Alton
Do
pref
Illinois Central
!'
!
Missouri Pacific
j
dend
on
its
common
stock, the St. Louis & San Francisco,
the preferred in addition to the first pre.
ferred, the Denver & Rio Grande on its preferred, the
East Tennessee on its first preferred, the Hannibal & St.Joseph on preferred, the Eastern of Massachusetts on
common, the Beech Creek on preferred, the Chicago &
Indiana Coal preferred, the Rome Watertown & Ogdensburg, the Richmond & Danville, the Richmond & West
Point Terminal preferred, the St. Paul & Duluth common,
the Detroit Bay City & Alpena, and various others.
The
list would of course be greatly extended, if besides the new
which pays on
dividends
increased.
should
we
But
evidences of
even
caution
include
among
those
that
have
been
these minor roads there
and conservatism.
are
There is the
j
7
;
_
O
"j
7
034
7
j-
0
0
0
13*5
1
s
8
8
+10
8
8
8
8
+ 10
8
*3
10
7
7
7
6
4
034
8
8
8
8
8
734
7
7
7
■
7
234
St. Louis & 8. Kr.,
pf.
3t.L.&San Fr.,lst prf.
*
7
9
7
7
7
f
7
7
t Increase due to change of dividend periods.
And 17 in stock.
Taking next the trans-Continental roads, the Atchison
quarterly to If in November. The
Union Pacific has been showing very large gains in earn¬
ings, but in view of its relations with the United States
Government has not yet resumed dividends. Tile Central
Pacific will pay one per cent in February next.
The fol¬
lowing shows the amount of dividends paid (not declared)
increased from
in each of the last ten years.
list includes such
Lake
.7
j 1878.
Company.
1879. 1880.
1881.
1882. 1883.
1836. 1887.
1884.
1835.
0
0
0*
§434
7
0
'
Atch. Top.
& San.
Fe'
3
834
0
Central Pacific
Oreg. Railway &
NavJ
Union Pacific
1
534
2
+8
6
0
*0
6
6
0
0
0
G
3
8
8
10
034
034
7
7
334
t And 10 scrip. J And 50 per cent in stock. § Owing to change
dividend period the total paid in the year was only as here giveu.
The anthracite coal carriers have
prosperous year.
Yet only the
increased dividends—its rate being
now,
cent.
son
certainly had a very
Lehigh Valley has
If
has made any
nor
quarterly
only 4£ per
per cent
though the total for the year foots np
Neither the Lackawanna
in
the Delay
are
& Hud¬
change.
■
Company.
1878.
ih
|
Delaware & Hudson.
Lehigh Valley
Lehigh Coal & Nav.
[1879.
1
Delaware Rack. & \V
4
1880. 1881.
4
4
1882.11883.
0J4
8
43*.
7
’A
03*
2
4
i
.
1
1884. 1885. 1880. 1887.
8
8
7
7
7
7
0
5
5
8
8
0
4
434
53*
0
534
434
4
Among the Southern roads, the Central of Georgia has
second dividend (January, 1888) on the preferred stock, got back to 8 per cent, and the Richmond & Danville has
one-half in scrip instead of entirely in cash, in order that resumed dividends, while the East Tennesse3 and Rich¬
necessary improvements may be made without embar¬ mond Terminal have begun yielding returns to their
Denver
&
Rio
Grande, for instance, which will
pay
its
preferred shareholders, and the Nashville Chattanooga &
rassing the company or increasing its current liabilities.
Coming back to the larger systems, the Northwestern St. Louis has become a regular dividend payer, but the
roads show a disposition to husband their resources. To Louisville & Nashville has not yet considered it prudent
be sure, this class of roads for the moment is not quite to resume, though its earnings have been steadily and,.
TOTAL MERCHANDISE AND COIN AND
1ftrgely”increasiDg- Following is the record for ten years
on a
class of roade.
few of this
[
pin. N. O. ct r ©x.
5
5
5^LRR. & Bank...
i
! 1883. i 1884.
’
1
1
1878. 1879. 11880.
Company.
11881.; 1882.
6%
48
i “L.
8
7A
lk
8
1685. 1886.
5k
6
1
8
3
4
*8
2%
3
2
6
3
3
VA
1
2
2
4
+3ks-
4
2k
i
Richmond & Danv’le
Vfilm.Col.& Augusta
Wllming’0 AWeldon
1
1
And 100 per cent
J And 40 per
1
3
3
3
3
3
7
5
6
6
0
6
0
6
0
0
8
8
8
8
cent in certificates.
IMPORTS AND EXPORTS BY PRINCIPAL CUSTOMS DISTRICTS.
New England roads we have an
In the case of the
exceedingly favorable exhibit. That part of the country
is older and theiefore on a more stable basis, and the
fluctuations in traffic and rates less violent than elsewhereThere is moreover very little new competition in that sec¬
tion, while the existing mileage, by lease or amalgama¬
tion, is gradually being absorbed into a few large
systems. Hence dividends, which were high before, are
now still higher.
Annexed we give a statement com.
prising ten roads, and of these it will be seen four pay as
as
ten per cent per annum.
1879.
1878.
Company.
1880.
1881.
1883. 1884.
1882.
.
+8
5
5J*
0
0
8
«
8
8
634
93* no
8
8
8
8
8
8k
10
?
0
0
53+2
5
5
45
10
10
10
8
8
8k
7
7
7
1
1
15*
Boston & Albany....
8
8
8
*8
Boston A Lowell
4
2
4
4
4
Boston & Maine
6
0
7A
8
Boston & Providence
6
6k
8
Fitchburg
Maine Central....
7
0
6
10
10
10
N.Y. Prov. & Bos
8
10
6
*
8
8
8
o
6
6k
7
13*
Rutland, pref
*
5J*
2
...
8
8
8
Old Colony
1880. 1887.
8
8
N. Y.N. 11. & Hartf..
1885.
..
.
much
2
6
6
0
6
10
10
10
L10
7
1'A
IMPORTS AND EXPORTS FOR NOVEMBER.
The Bureau of Statistics has issued its detailed statement of
foreign commerce cf the country for the month of Novem¬
ber, and the eleven arid twelve months ended with Nov. 30,
1887, as well as comparisons for the corresponding periods of
the preceding year, as follows :
the
MERCHANDISE.
For the 11
For the 12
Months ended Months ended,
Nov 30.
Nov 30.
$7-4,883,029 $031,379,005
000,544
10,004,240
Total
$75,543,573 $042,043,311
59,928,457 650,708,810
Imports
Excess of exports over imports $15,015,110
Excess of imports over exports
! $14,605,505
$71,448,498 $015,415,409
1886.—Exports—Domestic
12,571,288
1,242,357!
Foreign
Total
$72,090,855 $027,980,697
Foreign
$715,483,086
11,977,549
$727,460,635
712,986,918
$14,473,717
$688,482,646
13,777,767
$702,260,413
54,091,175, 607,151,087 659,362,607
Imports
$18,599,680^ $20,835,610
$42,897,806
GOLD AND SILVER—COIN AND BULLION.
1867. —Exports—Gold—Dorn...
$390,018
Foreign
118
Total
Silver— Dora
Foreign.
Total
Total exports
Imports—Gold
Silver
Total
$390,136
$1,697,970
829,218
$2,527,188
$2,917,324
$4,738,899
4,039,541
$8,778,440
$16,774,613
7,225,593
$24,000,206
$32,778,646
$5,038,416
4,045,371
$9,083,787
$18,551,164
8,937,468
$27,488,632
$36,572,419
$54,740,358
$1,952,593
1,783,999
$43,084,551
15,275,633
17,303,501
$3,736,592
“$58,300,181
$72,043,859
Excess
of exports over imports
Excess of imports over exports
1886.—Exports—Gold— Dora...
Foreign
Total
Silver—Dom...
Foreign
Total
Total exports
Imports—Gold
Silver
Total
11 months
Xoi
Pouts.
Imports.
$
Exports
*
3,996.272
Baltimore, Md.
Boston, Mass.
938,321
3,835,562 5,797,439
Buffalo Ck.N.Y
1.316.42S
3U2.2U)
Lb,404
891,131
140,759
342,900
9,(397
44,512
45,105
Champl’n, N.Y
Charleston, S.C
Chicago. 111....
34,459
I! 8,696
1887.
12,362,895
58,485.918
5.819.627
3,644,260
2,630,957
407,550
37,3od
11,352,339
2.215.M9
2,619.538
ending
30.
1886.
10,894,704
56,302.522
5,038,2 2
2,959,479
555,300
10,215.459
l,97S,8sl
Exports.
11 months
ending
Nov. 30.
1887.
45.845.979
51.556,128'
1886.
41.469,387
53,' 06,790
346,597!
397,885
1,623,882
1,551,101
13.231,822, 13,061,642
1,595,2c 9
1,950,254
Cincinnati, O.*
386.551
4,061,973:
2,302,385
Detroit, Mich.
05.058
3,988,120,
157.601
56.685
Duluth, Minn.
618.289 15,115.3811
Galvest’n, Tex
697,848
3,491,897
4,9.472
571.097
Miiw’kee.Wih.
686,21*8
61.563
MinnVa.Minn
61,858
1,120.023
2,084,207
42,810
2,781,002:
5.699
499,061
Mobile, Ala...
73,940
New Orl’ns.La 1.513,292 11,910,277
7,640,690 72,737. ll(>!
9,603,664
New York.N. Y 38.584,512 27,166,495 430,7^2,343 309.659,918 284,107,749
+41,189
2,756,414
558,113
+2,000
3.396.627
Niagara, N. Y..
53,109 12.250,752
92,408
Norfolk, Va...
40,423 2,520,085
1,118,639
117.741
167,vi68
228,537
Oregon, Oreg..
1.674,690
2,292,240
321.319
101,361
2,210,401
Oswega’ie.N.Y
4,552.765
1,787,253
228,649
4,790,806
Oswego, N.Y.. 1.871,979
31,520,289
36,6.-*
1.855
84,857,053
2,441
028
Philadel’a, Pa. 2,796.911
1,863,54o
1,956,779
Portland. Me..
44,689
159,567
1,764,909
2.751,294
St. Louis,Mo.*
206,341
2,836,216
25,955,969
San Fran., Cal. 2,990,084; 2,031,036 38,206,074 36.009.o24
262,006 20,306,804
9,135' 4,108.465
142,96->
Savannah, Ga.
1.304,236
5,151,981
124,428
675,042
5,436,595
Vermont, Vt..
345.150
3,- 47.0+9
798,224
384, 26
Willamette.Or
7,085;
6,211.245
9s6 2,079,227
168,501
128.829
Wilmi’g’n, N.C
8.190,914
74,655
432,925
57,3.-d) 1,035,895
Yorktown, Va.
4.6('8.603,
2,435.694
13.455,148
780,389
2.128,439
65.589,924
•89,581,039
+06,313
11,191,653
1,414, HO
1,549.808
1.368.220
30,720.076
2,243,321
32,822.675
10.890.503
1.577.613
5,045,099
4,402,257
4.816,825
Totals,
(in¬
cluding all
Oth’r Dists.) 59,928.457
75,543.573 656,708.816 607,151,087 642.043.311 027,986.097
Remaining in warehouse November 30,1880
$30,0-17,203
$3 yj jC,1927
Remaining in warehouse November 30, 1887
Interior ports to wliich merchandise can be transported witnout
*
appraisement, under act of Jane 10. 1880.
t Incomplete, in the absence of law providing the means of collecting
the statistics of exports to adjacent foreign territory by railroad oars
and other laud vehicles.
iJXoiuctavijsCCommcvcialgngUsltglcxus
[From
our own
correspondent.]
London, December 17, 1887.
One feature of the week has been the failure of
iron to
The price of Scotch pig
iron, after having been in the neighborhood of 45s., suddenly
reacted to 43s.
This is very clear evidence that the advance was
entirely due to speculative manipulation and not, as was hoped,
to
an
appreciable increase of consumption.
Apparently the
lever which has been utilized to influence the m tal
market
generally lias be en the well sustained speculation in copper,
and its resultant wild buying of copper mining shares on the
Stock Exchange. It is more than probable that those who
are conducting this double operation will make much more
out of the stock dealing branch of the business, than out of
the lock-up of the metal, although the advance in the latter
is fully 100 per cent, taking the price of Chili bars as the
standard by which to gauge transactions. Manufacturers
when compelled to buy, which they naturally do as sparingly
as possible, are feeling the effects of the advance, which they
in their turn will transfer to the consumer.
For instance,
copper wire suitable to telephonic purposes, which before the
upward movement began was selling at 6^d. per lb., is now
quoted at lid. The “corner” has so far been very skilfully
manipulated, but it certainly does not conduce to the further¬
ance
of trade interests.
development of trade in textile fabrics is progressing
spirit, having so far escaped the trammels of a
“corner” in raw material.
Larger orders are being placed,
and are accepted on remunerative terms, and heavier ship¬
ments are being made to Australia and America
The aspect
of business generally is satisfactory, the only drawback being
the fear that the sudden inflation in the value of metals will
The
$819,268
$351,361
3,881
$355,245
$1,279,218
937,458
$2,210,670
$2,571,921
$9,310,607
1,780,759
$11,091,366
Excess
of exports over imports
Moess of imports over exports
tricts and
maintain its recent rise in value.
1887.—Exports—Domestic
Exoess of exports over imports
Excess of imports over exports
November, 1887.
10
| Old slock exchanged into new preferred, and 2 per cent paid on same
inNovcinber, after 3 per cent on old in January and 2 per cent in May.
For the
month of
No vembtr.
Imports.
Customs Dis¬
.
t And 3lin stock.
And 10 in stock.
..
Excess of imports over exports
t Out of 1883 earnings.
in stock.
$76,971,017 $652,892,577 $739,072,666
2 1,929,380;
24,960,388
1,489,880
Total..-.
$78,460,897 $674,821,957 $764,033,054
63,665,049 715,069,000; 785,030,777
Imports
Excess of exports over imports $14,795,848
\
Excess of imports over exports
$40,247,043, $20,997,723
$73,079,077 $661,980,197 $737,760,907
1886.—Exports—Domestic
2,183,6991
30.551,925;
34,038,588
Foreign
Total
$75,262,776 $692,532,122 $771,799,495
65,182,541 652,000,058! 711,362,848
Imports
Excess of exports over imports $10,080,23a! $40,532,064, $60,436,647
1887.—Exports—Domestic
Foreign....
|
-
BULLION.
For the 12
For the 11
Months enct^d Months ended
Nov. 30.
Oct. 30.
For the
month of
November.
1887.
4
Ixjulsvill©& Nashv..
jjash. Chat. & St. L..
*
875
CHRONICLE
THE
31, 1887.]
December
$8,519,445
$25,58 i,538
$32,088,992
8,888,883
$40,977,875
$14,475,796
9,091,754
$23,567,550
$ 64,545,425
$29,653,374
15,195,597
$44,848,971
$19,696,454
$35,471,440
$32,941,509
9,820,340
$42,767,849
$16,336,752
10,434,481
$26,771,233
$09,539,082
$35,273,565
16,726,676
$52,000,241
$17,538,841
with fair
eventally check the thorough revival in the hardware indus¬
Financially, there are great facilities for stimulating
business.
Money is abundant, and is readily forthcoming on
easy terms.
Apparently the year will close at about its best*
tries.
CHRONICLE
THE
‘876
The
should compare favorably,
with that now expiring.
both commercially and financially,
[Vol. XLV.
quotations for bullion arc reported
as
follows
:
SILVER.
GOLD.
London Standard.
Dec. 15.
Dec. 8.
London Standard.
Dec. 15.
Dec. H.
.
Money bas been more in demand during the week, but
mainly because of the Stock Exchange settlements, the com¬
mercial inquiries being still very narrow. The position of the
market just now is a striking contrast with that last year at
this time. Now, the tendency is toward ease; whereas last
year, with fewer trade requirements and a reduced volume
of Stock Exchange business, the Bank rate was rai-ed from
4 to 5 per cent, and would have been carried yet higher, had
d.
s.
Bar
gold flne....oz.
Bir cold, contain’#
77
9
d.
s.
77
d.
9
Bur silver..... ...oz.
„8ar silver, contain
in# 5#rs. cold,
77 10
•14
d.
7-10
44 3-16
44 13-16
41 9-16
Span.doubh ions..oz.
Cake silver
oz.
47 15-10
Mexican doD
4?*
S.Am.doubloons.oz.'
oz.
43.4
20 dwt■* silver..oz.
There
cles
77 10
.oz
been considerable excitement in financial cir¬
has
during the week. Silver on continued purchases has
44 11-lGd., and appears to be strong at the improve¬
risen to
The advance has been in some measure due to
ment.
an ex¬
gold shipments to New York then apprehended
tended inquiry on Indian account, but it is also reported that
taken place. Now there is no inquiry for gold for America ,
but the German demand is still unsatisfied, and some £100,000 speculative purchases have been rather numerous during the
past day or t « o. Another rumor—and it is only a rumor—
was taken off the market yesterday for Berlin, but so far no
which has attracted attention is to the effect that amongst Mr.
The general charge for
recourse has been had to the Bank.
Goschen’s next budget proposals will be found a scheme for
short loans is about 2 per cent, and three months’ bills are
converting a portion of the debt into a 2l4 or 234 percent
discounted as lo w as 2;{q to 2% per cent.
stock. It will be seen, however, from the accompanying list
A favorable Bank of England return has been issued this
that the company promoter has been unusually busy this
week. An increase of £1,119,171 is shown in “other deposits,”
week.
Some twenty-six companies, having a nominal capital
from which it is clear that large balanc s are available.
The
of about £4,379,000, have been soliciting public support.
Bank appears to have increased its holdings of Government
The selection has been a fairly wide one, but with a preponder'
securities by £COO,000. The actual gain in the reserve is
This is not to be wondered at, as just now
ance of mines.
£402,538, made up of an increase of £125,238 in bullion—the
mining property is the centre of speculation—in fact, we are
whole secured from internal circulation—and a decrease o f
receiving such glowing reports of the gold discoveries in
£277,315 in note circulation. Notwithstanding the increase in
South Africa, that we are threatened with another gold fever.
the reserve, the proportion to liabilities is less than last week >
The capital creations for the week have been:
LOCAL.
namely, 46\17, against 46 93 per cent, owing to the heavie r
City ol' London Steamboat Co.. £1 .shares
£00,000
proportionate increase in the deposits held.
Bath and District High Love. Waterworks Co. (1 ini ted), £10
The rates for money have been as follows:
slmres
..."
20,000
the heavy
.
A'lin A Son (1 mi ted)., £10 ‘'hares.
Army it XaVy Depository "(lim ited),,2 i>. e. debentures
Wended Electro Metal Extracting, R lining A Pitting
Co. (limited), £ 1 shares
Smokele-s Powder Co.-(limited), £1 shares
'Bennett. Thompson,
Interest allowed
Open market rates.
a
2
Louden
for deposits by
Trade. Bills.
Hank Iiills.
j
Three
Si.v.
Four
Three
Four
Months Months1..Months Months, Months
4
5
3
“
18
4
44
25
4
I)ec
9
“
10
i
3
-
@
-
8
-
3»4@A
3M@1
—13
@
-
3
®
-
4
4
-
At I? to 14
Stock
Banks.
! 34fU
C’jM.J
Days.
24 2U
24
34@4 13434 '34-31
34.34 3J<@4
34<34
8Vs€3V4 SJ4&3J4 3l2A4 1314^4 \34®4
3 (4— 3 (4 — 34 cA
|34?,4 34^4
27*4- 24 i — 2% 4 — 34a3-q 34^3-4 34434
®- 3 <3
34"*
-
2 4
“
(3
j Months
Sir
24
24
214
214
■214
2)4
24
24
24
24
2%
24 2H
24 24
24 24
24-24
2 H 24
following return shows the position of the Bank of
England, the Bank rate of discount, the price of consols, &c.,
The
compared with the last three
years :
30.000
Mif ing Co. (County Cork), limited £ L shares
Imperial Continental Gas, new capital
200,000
50,000
Simplex Automatic Machine Co. (limited), £l shares
Jenson Electric Bell and Signal Co. (limited), £1 shares
100,000
Trustees, Executors and Securities Insurance Corporation
(limited), £10 shares
1,000,000
*
.
COLONIAL.
New Zeal,and Gold Extractor Co.
(Xewlury-Vantin process!
limited, £l shares.T
Mount
£100,000
Perry Copper and Reid's Creek- Gold Mines A Smelt¬
ing Co. (limited), £ I shares. Queensland
Great
Kruger Gold Mining Co. (limited), South Africa, £1
shares
*
L.
...
Stevenson A Sons of Melbourne and London (limited), £3
Shares
Southern Coal C«>. of New South Wales (limited). £1 shares-..
The ‘*Grent She” (told Mining <'o. (limited), South Africa,£ 1
shares
Woodward A Walker’s Gold Mine (limited), South Africa, £l
shares .;
Kilkivan Mines (Qu enslanil), limited, £1 shares
Wit water's Grand (North Brit ish Block) Gold Mines (limited),
£1 shares
I..
Canadian Phosphate Co. (limited), A1 shares .. .
‘
..
Circulation,
excludin# 7-day
£
and
1885.
1880.
1887.
"
Public deposits
23.5)39.94!4.?t 0.070
Other deposits
23,671,668 23,502,077
other bills
Government securities
11.010 785
Other securities
18,976.909
13,178,742
20.5U.0S2
40 ir p. c.
434 p, C-
.
£
£
24.211.8(30
2.903,4 JO
23,577.320
23
7, 10 443
13.132,151 <41,858,949
19,059.955
11,013,025
19.943,095
Reserve of notes and coin
Coin and bullion
24.050,070
3,094,913
1884.
24,0t4,!)90
£
359,688
13.102,019
20,* 30.415 22,853.191
12.298,1 L7 12,4 55,057
20.503,107 20,9,"8 517
46 p. c
Rank rate
104
P•
1 p. C.
101 15-10xd
Consols
CIcarinc-Houae ret
urn
100 7-10x0
150,000
150,0)0
Cashcen Copper
Joint
1
Nov. 11
Disc't. Wse.
100,000
105,000
9.114
xd,
140,991,000 128,537.0(0 117,437,000
994 xd,
Namaqua United
shares
Copper -Co.
(limited), South Africa, £7'
..
..
New South Wales
160,000
150,000
300,000
160,000
450,000
50,000
120,000
100,000
110,000
210,000
100,000
Colliery Co. (limited), Al shares
roREir.x.
Mexican General Land Mortgage and Investment Co.
ed), £5, x per - ent, pref. shares
Mansfield Mexican Silver Mine (limited), a 1 shares
I.ixa (Copper) Mining Co. (limited), A 1 shares
(limit¬
100,000
100,000
10,000
*
The Bank rate of discount and open
chief Continental cities now and for the
have been
as
follows:
Dec
Hates
market rates at the
previous three week8
Dec
10.
.
Xov
Dec. 2.
9.
25.
of
Interest at
Bank
Open
Bank
Bat<\
Market
Bate.
Paris
3
Berlin.!
3
>pen
Bank
Open
Bank
open
Ma rket
Bate
Market
Bate.
Market
24
24
i)
244
O
3
2
3
24
24
2%
24
24
3
24
3
gi,;
3
0
3
24
24
34
2H
24
<
Brussels
34
24
24
24
2H
2H
34
34
34
214
34
Madrid
4
4
4
4
4
4
4
4
Vienna
44
44
44
4
4hj
4K
44
Ds
Sr. Petersburg..
5
5
5
5
5
X)
5
5
Copenhagen
3
3
3
3
3
3
3
3
Frankfort
3
Hamburg
3
Amsterdam
24
Messrs. Pixley &
O
3
3
3
24
34
Abell write
as
hi
follows
on
34
the state of the
bullion market:
Gold—Inouirit's for Germany still eontiime. ami these, with some little
demand for India, and New York, have absorbed arrivals. The Rank
has sold £‘>0,OOO and received £75,000.
Arrivals: A 15,000 from West
indies, £17,000 from China, £05,000 from Chili and £151,000 from
Jlrazil; total, £‘220,000.
Silver—With a good demand for India, both for delivery and cash, an 1
with steadily improving exchange, silver advanced to 1 Pel. previous to
the allotments of India Council bills. - Since then prices have again
advanced, it ml we quote to-night 11 ’-_>l. linn. £02,00 > has arrived from
New York. £05,000 from Chili and £15,000 from West Indies; total,
£1 40,000.
£25.000 goes to Calcutta, per Roll ilia.
Mexican dollars have slightly advanced in sympathy with the, rise in
silver, and the last quotation is 45'id. £55,000 arrived from West
Indies,
To acquire existing business.
The grain trade has relapsed
into
a
sluggish condition. The
comparative excitement lias died out, and with its dis¬
appearance the firmer tendency has been succeeded by weak¬
ness, though certainly not of a pronounced type, but more
than .sufficient to check the improvement.
The wheat
business has been very quiet.
The demand lias appa¬
rently suffered from the open weather, and possibly the
approach of the hoi days has not been without some influence
in restricting the inquiry; at nil events, dealings have been
within very narrow limits, and the advantage has rested with
the buyer.
Wheat on the spot can^hardly be said to have
altered, but for distant arrival 3d. to 6d. p t quarter less
money has been accepted. No such alterat ion has taken place in
the statistical position as to warrant this display of depression.
The imports of wheat and flour last week were certainly more
liberal, but the aggregate importations so far, especially of the
former, have been anything but excessive, and at the same
time the quantities, of wheat and hour afloat to us fall short of
last year's total by some 200,000 quarters, to sav nothing o
the deficiency in the American visible supply.
In spite of
these statistics, however, the Imperial average price for
the past week an us only 31s. 2d., against 33s, Id. per quarter
last year, so that we have plenty of leeway yet to makegood.
The following shows the import of cereal produce into th
United Kingdom during the past 15 weeks of the season an
recent
other items
compared with previous
years :
THE
1887.J
December 31,
CHRONICLE
877
Silver.
1887.
1886.
CWt. 14,909,027
1885.
15,240,651
1884.
Oats
5,050.083
5,505,020
10,860,151
4,002,094
3,807,301
Peas
1,050.08 1
097,727
711,258
088,087
722,817
7,109,002
4,721,509
1,002,230
7,240,391
3,742,027
Wheat
Barley
8,114,347
5,087,722
Beaus
Indian corn.
0,818,458
Flour
5,443,402
5,174,454
4,435,544
Supplies available for consumption (exclusive of stocks
September 1):
1887.
1880.
Imports of wheat.cwt. 14,909,027
Imports of Hour
5,143,402
gales of home-grown. 13,304,435
Total.
33,050,801
price wheat
price wheat
week. 3is.
season. 29s.
EnKilsli
31,279,034 34,091,072
34,373,837
The
are
1880.
1885.
Id.
31s. '2d.
30s.
31s.
33s.
1884.
30s. lOd.
32s. 2d.
5d.
Od.
Great Britain
France
flarlcets-Per Cable.
S'lt.
Silver, per oz
d.
Consols for money
Consols for account
Fr’ch rentes (in Paris) fr.
U. S. 4biS of 1891
U. S. 4s of 1907.
Canadian Paeilie
Chic. .Mil. A St. Paul
Erie common stock
Illinois Cent i:al.
Penusvlvania
Philadelphia A Reading.
New York Central...
Natio
*
ai'j
11
vN k 4.
4
t
*
.
-
c
•
47h
44
S’.'15
110 V
12 8 r>s
03 '>s
•
Cl
Wed.
(hDB
7
:
112
fiie
—
kj
Fri.
44
1 01
l>iG
034,
7^4
29'.,
121
50
33 7s
1124
PUiscellaneotts Jtexcs
following national bank has been
organized since last advice
:
3,820—The First National Bank
of San Luis Obispo, Cal. Capital. $100K. E. Jack, President; Isaac Gold tree. Cashier.
000,
$•
$303,580
911,073
21,358
70,473
272,107
1,125
2,210
182,539
SI
278.088/
$400,482’$12,120,007
Total 1880
Total 1885
4,258
572,524
20,975
74,498
220,840
041,152
$2,003,355
2.131,018
2,013,976
$31,230
124,801
150,884 j
9,928,701
290,4921 15,092.892
j
147,854
Of the above imports for the week in 1887, $204,480 wer ©
American gold coin and $3,247 American silver coin.
Of the
exports during the same time, $31,593 were American gold
coin.
United States
Sub-Treasnry.—The following table shows
this city, as
of the past
the receipts and payments at the Sub-Treasury
in
well as the balances in the
same, for each day
week :
1
Date.
Payment,. ,
“
30 i
Total,
j
1.105,702
1.020,057
1.325,073
1.304,890 131,178,583
1,277,473 131,590,505
1,191.109 131,018.079
832,101
1,952,034 131,710,005
$
vp
19,104,031
.9,512,129
'
..
*1*9 J79,832
9,120,09*7
19,302,351
19,181,01 1
18,101,592
9,480,780
9,701,907
9,023,410
5,901.099
Ariutkauk
mar
$
i
$
1,288,312 131,4 20,880
[..Holiday
Currency.
.(,uju Ca.rs
Cob,
$
715,100
f
Dee. 24
“
20
“
27
“
28
“
29
Ralanccs.
;
| Receipts.
'
102
81 -20
11 1
129 :s
03 7s
77 7s
29 11
1 2 1 8>
50
31
112 c
/
! 111 :u
121V
■
8C15
1 1 1
1
1 1 1
50
333.
;
10111,0
1011316
!29;fs
29
1 2 1
50
31
;
*
44 :!t
'r;
8090
77 ls
29
K
—
Times.
lOBhfi 1913,0
lOlDiy 191*8
•
ii .uifl
i •ca
Tit 68.
•
...
0om
Mon.
Since Jan.l'
205.307
West Indies
Mexico
South America
All other countries.
daily closing quotations for securities, &c., at London,
as follows for the week ending Decem¬
London.
13,000
Germany
reported by cable
ber 30.
Week.
\SinceJan.l.
$440,357 $10,307,481
Total 1887
1884.
15,020,782
4,435,544
14,910,511
2d.
9d.
Financial
on
10,800,151
3,742,027
13,488,294
1837.
Aver,
Aver,
1885.
15,240,051
4,721,509
11,310,874
Week.
15,020,782
0,408,390
3,570,719
738,038
1,147,902
Imports.
Exports.
IMPORTS.
kt
Paritks: Tkaite
IlaupC
i>es
Operation
Seventh edition, pp, 803, Svo.
Boulevard des Italians.
Hanoi e. By Otto
Paris, Oh. L.-roy, 20
de
Price 12 francs.
We have received from the
publishers copies of the seventh
Haupt’s “Arbitrage et Parites,” which lias-just
appeared, greatly enlarged and improved. The first eighty
pages are devoted to an exposition of the theory of money
transactions between different countries, elucidated by numer¬
ous examples
showing the method of making the calculations
necessary in such transactions, with tables of money and
edition of Mr.
bullion statistics.
In the remaining 780 pages the author treats in alphabetical
imports of lav order of the principal commercial countries of the world, and
week, compared with those of the preceding week, show an
give? facts in regard to them of importance to bankers,
increase in dry goods and a decrease in general merchandise
brokers and merchants doing business therewith.
Even TonThe total imports were $7,475,831, against
$3,051,008 the pre^ quin, Anam and Finland lind a
in this volume. In the
place
ceding week and $7,973,353 two weeks previous. The exports
twenty-six page3 allotted to New York we find described our
for the week ended December 27 amounted to
$3,025,001. national money and its equivalents in money of other coun¬
against $5,032,876 last week and $3,183,418 two weeks previ¬
tries, the national debt, also information concerning rates of
ous.
The following are the imports at New York for the
exchange,
“gold points,” usages of New York commercial and
week ending (for dry goods) December 22 an l for the week
financial circles, the Stock Exchange, &c., with much tabular
ending (for general merchandise) December 23 ; also, totals matter to assist in financial
computations. We have not had
since the beginning of the first week in
January :
time to test the correctness of the work, though we notice one
FORK ION IMPORTS AT NliW YORK.
little inaccuraey with regard to the United States.
While
For Week.
1884.
1885.
1880.
|
1887.
i
|
|
bringing down most of the facts with refer nee to this country
Dry Goods
j
$1.410,528
$2,107,545, $1,900,580 $•2,037,388 to Jidy, 1887, the author leaves in from previous editions the
Geu’l
Imports
and
mer'dise..
Total
for the
3,100,7o l!
||
Since Jan. 1.
Exports
Dry Clouds.;
$1*907,279
I
Week.—The
0,453,7 13.
5,057,101
$8,021,288,
$7,503,084
|
$109,305,918' $97,924,079 $113,100,830
Geu’l moralise..! 303,121.118
281,072,290
5,438,450
$7,475,838
|
8119 338 570
337 244,003
312,223,231
Total 51 weeks. $117,130.030 $379,590,375 $125,330,1 1 i
$150,589,179
In our report of the dry goods trade will be found the im¬
ports of dry goods for one week later.
The following is a statement of the exports
(exclusive of
specie) from the port of New York to foreign ports for the
week ending December 27 and from
January 1 to date :
EXPORTS FROM
1884.
|
For the week....!
$5,3-2.592
Prcv. reported..: 325,131,414
NEW
YORK.
1885.
1880.
1887.
$4,705,899
310,781,023
$4,072,175
309,172,400
$0,025,001
298,9 19,290
Total 51 weeks. $330,514.000 $321,550,522 $313,844,011
$304,971,297
The following table sli >ws the exports an 1
imports of specie
port of Ne v York for the week ending Dee. 2d, and
since Jan i try 1, 18 b’, a:i l for the
correspon ding periods in
statement “that
stamp tax.”
ing that tax
checks in the
United States pay a two-cent
This is probably an oversight, as the law repeal¬
was approved March 3, 1883, more than four and
one-half years ago.
New York City Railroads.—The "5Tew York Times cor¬
respondent at Albany has furnished an ext >nded report to his
paper showing the operations of the New York City railroads,
ihe following extracts are made :
passengers carried.
“
The aggregate*
figures show an apparent increase over last
year of 37,598,537 persons.
The transfer system is no doubt
accountable for a large part of this, the Manhattan alone re¬
porting more than half a mdlion such passengers. The Man¬
hattan roads carried within 50,000,000 passengers of as many as
the combined surface roads.
This interesting array of figures
is here given in tabular form.”
1887.
Manhattan
158,903,232
32,878.853
20,100,000
17,588,901
at the
1886'and 1885
:
IMPORTS
OF SPECIE
AT NEW
Great Britain
j
France.
Germany
yrest I ndies
Mexico.
koutii "America
■Ml other countries... |
1
$4,200.
j
1
$1 19.871
30,049 j
90S
ilOlj
i ,200*
2,001,190
2,000
28,398:
2,493,048
044,112;
500
I
1
Imports.
Since Jan. 1J
Week
$35,7981 $02054,071!
,,
*170,;>2S
Since Jan. 1.
}
$;>,.)! 8,007
8,107,457
17,722,720
305,307,
5,/24,505
„
'
18
555
12,421
10,4 17
200,071
018,000
$188,029 $38,328,443
2,304,773 31,384,505
8,019,2001
010,727 15,111,280
20,143: 37,020,734!
128,778j
Week.
Ferry
42d St. Manhattanville A S. Nicholas Av
YORK.
Exports.
Go’d.
Eighth Avenue
4 2(1 8t. A Grand Street
EXPORTS AN!)
Total 1887....
Total 1880
Total 1885
14,157,317
X. V. A Harlem
Central Park X. A E. Rivera
Christopher A Tenth Street
Dry Dock East Broadway A Battery
Houston West Street A Pavonia Ferry..
Ninth Avenue
Harlem BridgeMorrisania
South Ferry
I entral Crosstown
Cham hers A Grand Street
A Fordliam...
Ferry.
10,033,179
12,789,930
7,380,284
7,535,279
13,398,534
12,140.720
1,271,302
1 7,577,703
5,070,301
4,292,500
4,073,889
270,34 1
4,328,853
1,780,885
1880.
1
15.109,591
32,098,899
*27,750,000
21,059,717
1 0,788,059
1 8,201,230
13,853,201
7,110.044
0,010,782
12,097,914
15,155,902
i
17,154,001
4,592,034
4,459.089
3,037.359
273,000
4,011,913
320,939,001
*
Estimated,
t Did not report the number.
GROSS AND NET
EARNINGS.
“In gross eatnings a decrease in the aggregate of $586,003
is shown when last year’s total is considered. This no doubt
THE
878
CHRONICLE.
iSattkittfl and Jfiiianctal.
large number of transfer passengers
because while the fares are substan¬
tially unchanged, the aggregate number of passengers carried
shows a large incre.se. The gross earnings of the Second
Avenue exhibit the greatest falling off, while those of the
Sixth, Third and Eighth avenues and New York & Harlem are
considerably behind last year’s. The Christopher & Tenth
Stre t and Harlem Bridge Morrisania & Ford ham appear to
have secured the greatest advance over the previous year.
“In the face of the facts above stated, the net income from
operations shows an increase of $890,247, making a difference
compared with last year’s gross earnings and net income of
$1,476,240. Of this increase Manhattan carries off the palm,
with the Dry Dock East Broadway & Battery in second place.
Of the decrease in net income the Second Avenue Read leads
with the greatest falling off, while the Sixth, Eighth and Third
avenues and Central Park N. & E Rivers have a much reduced
Bum total.
The comparison for two years is as follows:
is accountable for by the
from one line to another,
28 NASSAU STREET, NEW YORK.
Third Avenue
Second Avenue.
Sixth Avenue
New York & Harlem
balances.
Our business in this
department is steadily increasing.
Many having
find it a convenience to let them lie with us
drawing interest while deciding upon what securities to buy.
funds awaiting investment
OFFER
WE
639,497
692,663
67,235
84,749
372,332
93,285
105,487
376,764
Twenty-third Street
300,839
634,895
755,565
230,471
*13,824
80,704
55,462
56,511
*91,153
669,927
604,349
70,072
162,057
878,885
857,730
142,728
44,048
240,390
214,628
238,552
222,954
30.143
20,235
20,400
.
Cent. Park N. & E. Rivers
.
254,200
Christopher & Tenth Street.
Dry Dock East Broadway &
Battery
Houston West St. & Pavonia
Ferry
Ninth Avenue
Harlem Bridge Morrisania
& Fordham
South Ferry
Central Crosstown
Chambers Street <fc Grand
Street Ferry
.
26,975
13,517
13,653
47,796
*15,346
216,443
202,246
48,203
200,442
224,006
17,322,397 17,908,400 2,937,832
Total
Deficits
29,130
Cent
Tr*ex*
AID
BONDS,
ISSUED
KANSAS
CHICAGO
44,096
THE
NEBRASKA
&
OF
EXTENSION
RR. CO.,
THE
CHICAGO ROCK. ISLAND & PACIFIC
IN
42,698
*23,759
37,745
Elk
$100,000
15,000
Cloud County
Township,
44
“
City of Clyde,
Grant Township,
Richland
15,000
8,000
Dickinson County
4*
Liberty Township,
City ot Abilene,
2,133,367
114,912
RR. CO.
KANSAS:—
Clay County
44
-
“
“
8,000
13,000
18,000
15,000
15,000
15,00015,000
....
Township, Jewell County
44
“
“
44
Limestone T’sliip,
44
“
Ezbon Township,
44
“
City of McPherson, McPherson County
Little Valley T’ship,
44
....
“
City of Canton,
“
44
....
Groveland T’shlp,
....
44
44
Township,
Township,
Washington T’us’p,
Jackson
2,908,702 2,018,455
Total net income.
TOWNSHIPS
AND
RAILROAD
454
78,019
FOLLOWING
IV SS A. S
CITIES
6
369,314
42d
II
COUNTIES,
THE
SALE
FOR
K
St. & Grand St. Ferry...
42dSt. Manhattanville and
St Nicholas Avenue
Eighth Avenue
CORPORATIONS, Merchant*
demand draft. Interest allowed on
BANKS, BANKERS,
of
ACCOUNTS
and individmals received subject to
$
$
$
8,016,8S7 7,352,982 1,,578,132 1,659,032
193.005
130,060
1,621,344 1,034,945
80,755
77,428
1,316,853 1,382,959
90,421
193,878
879,448 1,052,985
8 39,403
163,931
131,418
707,866
274,524
218,102
924,783
831,659
Broadway & 7th Av
SONS,
BANKERS,
$
Manhattan
&
FISK
HARVEY
1886.
1881
188G.
1887.
fV0L. XLV.
Center
*
Deficit.
Stock
Exchange—New Securites Listed —The Governors
of the Stock Exchange have admitted to dealings at the board
the following securities:
Gulf Colorado & Santa Fe Railway Company.—An
additional $492,000 first mortgage 7 per cent bonds, making
the amount now listed up to $12,216,000.
American Water Works Company —First consolidated
July 1, 1907, $1,600,000. The
and operates the water works at Omaha, Ne¬
company owns
Center
City of Phlllipsburg, Phillips County
$3,000,000.
Plum
dividends have recently been announced :
The following
Per
Cent.
Mound
Payable.
Railroad s.
Canada Southern
Chic. Rock Inland & Pac..(quar.).
Cumberlat d Valley
(quar.).
Delaware Lack. & West
.(quar.).
Hannibal <te St. Joseph, prof
Lake Shore & Michigan South —
(quar.).
Long Island
Michigan Cen'ral
1%
7
2
1
2
Providence. & Worcester..(quar.).
|i
i
2
2*2
3*2
Sandusky Mansfield & Newark....
S
114
1%
4
3
k $
3
3
Feb.
Feb.
Jan.
1 Jan.
15
1 Dec. 29 to Jan.
20 Jan.
6 to Jan
Dec.
15
Feb.
Feb.
Feb.
Jan.
Jau.
Deo.
15 Jan. 14 to Feb.
2 Jan.
8 to Feb
15 Jan. 14 to Feb.
5 Jan.
1 to
1 to
16 Jan.
Jan.
Feb.
1 Dec. 21 to Jan.
3
3
3
Niagara Fire
Jan.
Jan.
Jan.
.Tan.
Miscellaneous.
Central & So Amer. Tel... (quar.)
1*2
.Tanuarv.
International Bell Telephone
3
3
Jan.
Eleventh Ward
4
Long Inland (Brooklyn)
3*2
People’s Bank
3
4
3*2
4
5
Second National
Seventh Word National
Insurance.
5
Brooklyn Fire
7*2
Hamilton Fire.
Nassau Fire (Brooklyn)
Long Island Loan & Trust
Mexican Telegraph
(quar.)
Auction
‘
3
2*2
2
19
■
2
15
5
5
5
3
4
19
—
5
3 Dtc.
3 Doc.
3
3 Dec.
3 Dec.
9 Dec.
3
3 Dec.
5 Jan.
4 Deo.
Commercial National
Continental National
20
31
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jail.
Jan.
Jan.
Jan.
0
Hanks.
27
1
1
2 Dec. 21 to Jan.
Mercantile National
National Butchers’ & Drovers’... (
National Bank of the Republic...
North River
Ccurtlandt
.....
31 to Jan.
24 to Jan.
City of Caldwell,
City of Belleville,
2
2
2
TIIE
2
2
28 to Jau.
1 to Jan.
28 to Jan.
2
5
4
8
85,000
Sumner County
17,000
Repub’tc County
9,000
12,000
44
44
BONDS
ARE
REGISTERED
ALL
OFFICE OF THE AUDITOR OF THE STATE OF
AND BEAR HIS SIGNATURE CERTIFYING TO
GALITY AND REGULARITY OF THE ISSUE.
IN THE
KANSAS
THE LE¬
THE
BONDS
THE CHICAGO KANSAS
NEBRASKA
RAILROAD COMPANY IN PAYMENT OF SUBSCRIPTION TO
THE STOCK OF THE RAILROAD COMPANY.
ARE
28 to Jan.
25 to Jan.
31 to Jan.
ABOVE
18,000
16,0 00
16,0 00
Kiowa County
T’ship,
ISSUED TO
PAYABLE AT THE
FISCAL AGENCY,
KANSAS, IN NEW YORK.
FURTHER PARTICULARS CALL ON OR ADDRESS
INTEREST
STATE
FOR
GRISWOLD
GILLETT,
&
3 WALL STREET,
NEW YORK.
3
*5
WALTER
WE. EDWARD COFFIN.
30 to Jan.
3 Dec. 23 to Jan.
Dec.
Jan.
Januar j.
STANTON
6
3
COFFIN
8 fin res.
Bonds.
28 North River Fire Ins. Co. 100
100 Firemen’s Ins. Co
90
200 VetaMadre Milling & Re¬
duction Co
$30
270 National Car Co. of Ver¬
mont
50@50*s
$15,000 U. S. Cur., 6s, of 1896 122*8
$37,000 U. S. Cur., 6s, of 1897 124%
$6,000 Havana Gas Co., 1st
Mortgage, 9s.
97
$7,000 42d St., Manhat. & St.
Nicholas Ave. RR. Co., 2d
Mort., Income, 1915
535s
&
STANTON,
BANKERS,
following were sold this week at
Adrian H. Muller & Son :
Sales.—The
auction by Me ssrs.
Digitized
*3 for FRASER
T’wnship, Republic County
Township,
44
44
City of Smith Center, Smith County
Oak Township,
44
44
Blaine Township,
’ 44
44
Center Township,
44
44
City of Pratt,
Pratt County
Richland Township,
44
44
Banner Township,
44
44
Elk Creek
(Days inclusive.)
Feb.
Jan.
Vermont Valley
Township,
44
44
44
44
44
Richland
Norwich & Worcester
Portland Saco& Portsmouth
Richmond Fred. & Potomac
Rome Watertown & Ogdensburg..
44
44
44
44
44
Township,
Phillipsburg T’shtp,
Books Closed,
When
Arcade
Township,
Prairie Viewr T’shlp,
DIVIDENDS.
--
m.
44
44
44
44
Township,
City of Norton,
Market Street Cable Railway Company (San Francisco).
—First mortgage gold 6 per cent bonds due January 1, 1913,
Name of Company.
f{ $
Norton County
44 r
44
Township,
Township,
Emmett
braska.
ft
Almena
mortgage 6 per cent bonds due
15,000
18,000
14,000
10,000
21,000
20,000
10,000
25,000
12,000
18,000
15,000
15,000
15,000
15,000
14,000
8",000
14,000
18,000
19,000
17,000
3,000
11
WALL
STREET,
NEW
YORK,
NEGOTIATE
State,
Municipal, Railroad, Waler and Gas
MONEY ADVANCED
ON MARKETABLE
|Bonds.
SECURITIES.
-
December
THE
31,1837. J
Exchange.—The sterling exchange market has been dull and
during the past week. The actual rates have
been easy and are a trifle lower, though posted rates have been
maintained at the same figures quoteda week ago—4 83£ and
|kinhevsr ©alette.
without feature
Dividends will be found on the preceding page.
FRIDAY, Dec. 30, 18S7-5 F. M.
VVAL.1, STREET,
Market and Financial Situation.—The Stock
Exchange adjourns over to-morrow and the business year there
fore ends to-day.
A retrospect by stockbrokers is not particularly gratifying;
the year has been one of prolonged dulness, although free from
panics or any sudden and disastrous slump in prices. On
making up the total sales of shares at the Board it will be a
surprise to many to find that the whole business shows a de¬
crease from 1886 of only about 16 per cent, as the shares dealt
in amounted to 84,914,616 in 1887, -against 100,802,050 in
1886. The total business at the Board in each of the princiThe Money
pal classes of securities has
been as follows since 1879:
!
:
RR.and Mis. RR. and Mis.
stocks.
Shares.
1879
1880....
18H1
1882
1883
1884
1885
1886
1887
The
|
bouds.
$
iovernmt nt
bonds.
State
bonds
Bank
stocks.
$
Shares.
4 87.
’
To-day the rates on actual business were as follows, viz.:
days’ sterling, 4 824$4 83; demand, 4 86@4 86£.
Cables, 4 86£;d)4 86£. Commercial bills were 4 81 £ @4 81£;
Continental bills were: Francs, 5 23|@5 24| and 5 21£(^
5 21£; reichmarks, 94|@,95 and 95|@95 7-16; guilders, 40@
Bankers’ 60
40£ and 40£@40f.
the rates of domestic exchange on New
cities to-day: Savannah, buying
£ discount; selling £ discount@par; Charleston, buying
3-16 discount; selling par; New Orleans, commercial, 50@75c.
discount; bank, par; St. Louis, par@25c. premium; Chicago,
40c. premium.
The
following
were
York at the under-mentioned
The rates of leading bankers are as
$
22,64 3,150
15,4 97,400
railroad constructed during
49,569,300
26,571,260
6,986,500
2,826,900
14,678.053
20.394,411
15,606
15,354
8,815
9,396
9,513
10,127
13,223
26,691
Prime bankers’ sterling
Prime commercial
Documentary commercial.
Paris (francs)
Amsterdam (guilders)
Frankfort or Bremen (reichmarks)
Deynand.
4 83%
4 81 % rt\ 82
4 81 *4^4 81%
5 23%&5 231s
4 87
year
amounts to
12,724 miles, according to the Railway Aye of Chicago, and,
with additions yet to come in, the same paper predicts that the
total may reach 13,000 miles.
But even the first figures named
exceed the mileage constructed in any previous year, as the
veigns
$4 83
Napoleons
3 85
X X Reichmarks..
X Guilders
4 74
3 96
Span'll Doubloons. 15 55
Mex. Doubloons.. 15 55
Fine gold bars....
par
*
Now
@$4 87
3 90.
4 80
4 OO
@15 70
@15 65
@
@
@
5 21*4@5
95
@
20%
40*4 #405iq
401i6® 40*8
Coins.—The following are quotations
15,306,800
the
bills on London.
follows:
Sixty Days.
December 30.
72,765,762 417,309,400 117,571,850
97,919,099 569,910,200 58,459,000
114,511,248 385,889.500 3 >.395,850
116,307,2711246,76 »,410 18,555,850
97.049.909 284,768,100 17,046,150
96,154,971 499,9 55,200 14,905,150
92,538,947 6^0.659,400! 15,261,200
100,802,050.587,237,5001 12,793,500
7,110,400
84,914,616 347,127,330!
new
879
CHRONICLE.
95*3^95%
95*e
ingold for various coins :
Fine silver bars...
Five francs
Mexican dollars..
Do uncommerc’l
Peruvian sols
—
—
—
—
—
96%@
93 @ —
75% a> —
75 @ —
74 @
97%
95
77
—
75
4 85
—
English silver.... 4 77
@14prem. U. §. trade dollars*— 75
@
@
demonetized.
United States Bonds.—Government bonds have not been
specially active, though a * fair amount of business has been
of the done at times. Prices have ruled strong and the 4s are some¬
what higher than a week ago.
Missouri River, and has been constructed by strong companies
The closing prices at the N. Y. Board have been as follows:
able to carry it for a few years until the new roads earn in¬
maximum
year 1882 showed only 11,568 miles, and that was the
on record.
A large part of this new mileage is west
terest.
Interest
Periods
Dec.
24.
Dec.
26.
Dec.
27.
Dec.
28.
Dec.
29.
Dec.
30.
principal events of the week have been the Reading
*108
-10**4 *108% 103
;
reg Q.-Mar.
Strike, which yet remains in an uncertain position, and the 4%s, 1891
108% 108% 108% *108
:
4%s, 1891
coup. Q.-Mar.
126
126
125%
126
>>
>>
Vanderbilt road statements issued to-day.
The latter are 4s, 1907
reg. Q.-Jan.
ce
*126% *127% 126% *126%
Q.-Jan.
4s, 1907
coup.
*119
*119
119
*119
remarkably strong exhibits, although in a spirit of conser¬ 6s, cur’oy,’95....reg. J. & J.
*121
*121
*121
*121
reg. J. & J.
vatism the dividends have not been increased—2 per cent 6s, cur’cy,’96
W
*123
w
-123
*123
*123
6s, cur’cy, ’97—reg. J. & J.
*125
*125
*125
*125
:
semi-annual being declared on Lake Shore, 2 per cent on 6s, cur’cy, ’98—reg. J. A J.
*127
1*127 *127
*127
:
6s, cur’cy,’99
reg. J. & J.
Michigan Central and 1£ per cent on Canada Southern. Lake
This is the price bid at the morning board; no sale was made.
Shore has earned about 8 per cent, and has paid out last year
State and Railroad Bonds.—State bonds have been rela¬
and this some $2,503,000 assessment on the Nickel Plate
tively more active in comparison with the quiet condition of
stock, for which it received that amount in the new first pre¬ other financial markets. The business has been divided
ferred 5 per cent stock of that company.
The Vanderbilt between a number of different classes, and none call for special
stocks have a good send-off for 1888, and it is worthy of mention.
Railroad bonds have been quiet though relatively more
note that the fixed charges for interest and rentals were
active than stocks.
At times quite a brisk business was done,
smaller in 1887 than in 1886 on both Lake Shore and Michigan
though there has been no special activity in any particular
Central.
class, the transactions covering a large number of issues, each
The ruling
of which has had a moderate amount of business.
The open market rates for call loans during tne week on
tone as to prices has been irregular, with no decided tendency
stock and bond collaterals have ranged from 4 to 7 per cent,
in either direction, and the changes for the week are unimpor¬
and to-day the rates were 5@6 per cent.
Prime commercial tant, though a few inactive bonds have been firm to strong,
and record a slight advance.
paper is quoted at 5£@G£ percent.
The Bank of England weekly statement on Thursday showed
Railroad and Miscellaneous Stocks.—Business on the Stock
a loss in specie of £561,000, and the percentage of reserve to
Exchange has been interfered with by the observance of two
liabilities wras 43*11, against 44-92 last -week; the discount holidays, the Exchange having been closed on Saturday and
Monday.
On the remaining days of the week transactions
rate remains unchanged at 4 per cent. The Bank of France lost
have been very limited and the market continues to exhibit a
6,675,OOOTrancs in gold and gained 575,000 francs in silver.
quiet appearance. The tone has generally continued firm,
The New York Clearing House banks in their statement of however, and notwithstanding the small volume of business,
Dec. 24 showed an increase in surplus reserve of $1,108,000, prices have been well maintained and a strong undertone is ap¬
the total surplus being $9,036,400, against $7,928,400 the pre. parent in the market. Reading has been the feature and has
shown by far the greatest activity of the list, and its fluctua¬
vious week.
tions have influenced the course of the general market, which
The following table shows the changes from the previous has moved in sympathy.
The opening on Tuesday was
than the close on Fri¬
*eek and a comparison with the two preceding years in the weak, with Reading 1£ lower
day previous, owing to the strike of Reading employees.
averages of the New York Clearing House banks:
There was a Quick recovery, however, and prices immediately
began to advance, under Reading’s lead, on the report that
1885.
1886.
Lackawanna and the other
the strike had been broken.
1887.
Diffy'’nc’8 fr’m
Dec. 26.
Dec. 24.
Prev. Week.
Dec. 24.
coalers were also strong, and the whole market improved. The
$
$
SB
Reading strike has been the most important influence of the
$
Loans and disc’ts. 350.409,500 Inc. 148,300 343.484.100 336.938,300 week—in fact the only matter of importance.
Reports have
70.332,800 Inc. 1,249,200 77,303,000 90.988,200
Specie
9,924,400 been varying in regard to it, and at one time it seemed to have
7,903,000
30,000
8,066,600 Inc.
Circulation
The
•
•
'
•
a
*
o
o
*
o
Net deposits
Legal tenders
Legal
reserve
Reserve held
Surplus
351.846,400 Inc.
26.665,200 Deo.
87,961.6fO Inc.
279.600 351.672,400 373,953,000
27,212,700
71,300
17.847.300
69.900
87,918,100 93.488.250
95.150.300 118.200,900
96,998,000| In*. 1,177,900
9,036,400!Inc .1,108,0001
7,232.200
24.712,650,
renewed on Thursday, and the
showed some reaction on the
part of bears to make it
appear as serious as possible; but upon the whole the market
has shown fair strength on a very limited amount of business.
been ended, but was partially
final result is yet uncertain. Prices
strike news, with the efforts on the
CHBONICLE,
THE
880
STOCKS—PRICES AT N. Y. STOCK
fVOL. XLVr
EXCHANGE FOR WEEK ENDING DEC. 30, AND FOR FULL YEAR 1887.
Sales
of the
HIGHEST AND LOWEST PRICES.
STOCKS.
Active KR. Stocks.
Atlantic <fe Pacific
Canadian Pacific
Canada Southern
Central of New Jersey
Central Pacific
j
Chesapeake & Ohio
i
Saturday.
Monday,
Dec. 24.
Dec. 20.
557$
74 7$
j
33 %
*34
Istpref.
2d pref. i
Chicago Burlington & Quincy.
Chicago Milwaukee & St.Paul.!
prel.
10:4
004
2 2 to
Evansville & Terre Haute.... I
Fort Worth A Denver City....,
Green Bay Winona & St.Paul.)
45
84
118
!
14ic
ass.pd..!
*45
95
90
.
Long Island
i
007$
Louisville & Nashville
!
Louis. New Alb. A Chicago... j
Manhattan Elevated,consol..:
*35
90
51
87
*82
105
0
I
Memphis & Charleston
Michigan Central
j
Mil. Lake Shore & West
pref.
Do
if. I
Minneapolis & St. Louis
Do
m
Northern Pacific
pref.
Do
39
39
904
904
904
j
prel ‘
Do
pref
pref.
Wheeling A Lake Erie
Miscellaneous Stocks,
Colorado Coal A Iron
Consolidated Gas Co
Delaware A Hudson Canal...
i
Western Union Telegraph
Express Stocks.
01
42
38
90 34
(iO
*32
284
03 4
373$
164
834
284
29 4
10
4134
22 Jo.
*29
*14 4
4G5$
234
81
1034
5%
15
154
18 4
18t$
113
13%
3s4
40%
107
o5
24%
1303$
......
54
10%
05
23
89 4
404
84
11734
14 4
,
15%
45 J4
954
90
014
38
%
90%
90
104
77
77
108% 109
89
10
00
34
2 8 3.1
00
32
28 J4
07
32
4
87
81
104
04
154
17%
893$
54
10J$
*9
04
154
184
904
104
78
78
108%109
104 1 ti7$
08
34
*07
*33
284
284
284
37 J4
*104
374
104
304
104
9
9
30
10
*8 34
294
37-4
17
9
2;*to
15
417$
424
15
42
22 4
22 b>
*22
404
234
40%
404
40%
23 4
24
21
234
2IJ4
224
054
224
063$
23J4
05
224
224
*8*5
344
80 4
344
72 to
7 2 Jo
85
*344
714
804
35j4
714
1134
004
714
304
354
364
744
744
74 4
103
1034
454
213$
9*6
30
90
90
354
=354
404
24%
21 %
*224
054
22%
544
38%
17
9%
29 J4
10 *
434
224
40%
244
21 b»
22%
109% 1114
25-4 25;,$
58
587$
*15
7
284
10
43-4
44
30
30
75 4
75 4
103 4 103 %
•
454
*884
3534
78 4
774
784
77 :h
145
108
454
894
354
*89*4
90
354
364
107
72
08%
0
*75
*3
135
*. 5
77
34
.
0
.
•
•
<■
1
*8
11
!
82*8
gW
27 4
277$
27
27
29
29
29
294
i
2S"$ 304
29
87
30
1
837$
884
prices bid and asked; no sale was made at the
...
j
Oj
2,920,
2,097 i()l%
130^ u>i8
35
047$
251 30 4
10,390 24 b>
59
Board.
90i$
10,010'
34 34
14 4
124'
200;
734
200!
305
O.BliS
24 io
13
ois; 20 "
3,48s; 413a
2,400
8,900
143
*100
*08
*130
143
*4
*135
0
no
70
133
755*
3%
0
.....
27
84
152
*20
*70
140
77%
3%
04
152
20
8-1
900
10 4
17
10
34
31)
14
s •
*
104
12
*9%
10%
*
*324
*37
150
035;
4
170 130
30
00
300!
3
400
434
130 144
20
105!
I
83
114
ISO 12 7 to
100
103$
50
12
4 to
10vl!
7
39Jo May 25
71% Nov. 10
o
5314
Sept. 20l 89
Sept. 21 100 Jo
Aug. 20j 51%
Sent
May 26
J une 2
June. 20
May 23
May 27
May 23
May 18
May
6
May 18
Apr. 18
May 19
May 19
Nov. 25
May 31
27
294
960
1
29b>
87 *4
297$
294
87J$
297$
June 0
May 16
Feb. 19
Jan.
Jan.
July 16
Jan.
3
27
9
17;
22
10
12:
31
12
35
11
May 17
Jan.
3
Dec.
6
May 14
4534 June 6
Feb. 12
25
Jan.
Dee.
21 to
13
14
29 1004 May
A pr.
20
22
9 14 I % Feb.
13:
Si
28%
t Ex-dividend and privilege.
4
Nov. 18
Jan. 10
294
8s %
16
18
19
14
74%
23
154
27 155
31 104
7
19
19
10%
9 154
31, 45
70
1
29*4
“
3
14
14
3
Aug. 5
May 14
Aug. 31
|
*26
29
19 139% Jan.
4 152
302 lu5
Dec. 14 1 184
202 62
Feb. 17 70
25 120
Sept. 20 137
3 4
40
88%
12
23
Jan. 17
Sept. 21. 53
Sept. 20 87Ja Jan. 17
Jan. 17
Oct, 15 95
Jan. 27 44 % May 26
lOi
S^lo
17
22
„
'
9
19
18
794 Oct. 13 105 34 May 19
1,785 32% Sept. 2D 583$ Apr. 7
89% Sept. 20 jl 15
Feb. 8
475f130 Nov. 9 1593$ May 23
36,309 07 4 June 24] 817o Nov. 17
804
89
30
07
90 to
34
2,081
3,017
......
_
355$ Apr.
Feb.
2, 84 Jo
Oct. 13 1 20
Oct. 14! 95
Aug. 2 114 34
4,120 -9434 Oct. 17 1207$
Fel).
3! 3534
3,500 20
08,387 44
Oct. 171 0334
900; 131« Feb. 1| 223$
4(0
1
38t4
23% Feb.
80 JI 35
Sept. 21 j 034
150
77%
3%
*54
Oct, 14 1145$ May
Dee, 29 2014 Nov.
1 ec. 13. 77
Nov.
42
Nov.
Dec, 14
Oct.
355$ Apr
Oct. 13 70
May
Mar.
Oct. 17. 00
Oct. 13! 2013 Jan.
Feb.
Sept. 20 i 14
Sei t. 21! 38 4 Feb.
Oct. 17! 233$ jan.
Oct, 15! 557$ May
34 4 July
Oct, 12
Oct. ] 8* 03 Jo May
Oct. 17| 32to Apr.
21
Oct. 13,
10
171., Sept. 21:
34 ~ Feb.
11
8s ^
s
"
34 lo
200
300
300
1
i
*12 to
784
704
0
130
77
*4
1354 1354
140
09
135
*130
77%
78%
145
108
*140
135
s
pref..!
63,005;,
05 7$ >00,930
234 28.99 v 204
200 43
54 4
53
083; 75
*85
87 Jo
b7
550 30
30
30% 37
850 614
72
714
724
130 107
114
U34 114
750. 55
02
02
02
10
102
*100
102
99
74
75-4
102 7$ 103%
1034
45 4
43
22 4
23
22 to
53
85 J4
154
43%
4
3'%
04
0
*54
0
*152
*152
152
152
*20
*20
20
*20
27
84
*70
84
834 834
*13 Jo
14 4
*13% 14i$!
135
13141344 1 35
*11
14
3 04
*11
14
1
17
i
*9
*(>
10
10
lOJ.i
1
*32 to
34
*32
314 *32
39
*374 40 | *37
; *37
j
QUj Oct.
15% June 13..
49I0 Sept. 2Ui 683s Jan. 13
11,085 49
July 30! 64 4 May 13
3.830; 551s Jan. 3 80*4 Apr. 13
284 Oct. 14; 433$ Apr. 12
1,000,
100;
2
Nov. 11;
94 Jan.
8
420
4
Nov. 11! 17
Jan. 13
380
11
Nov.
3
11 4 Jan. 20
1,774 i2;j7s Oct.
l";l 50 May 17
694 Oct. 17, 95
May 18
210 no
Oct. 17:127% May 17
15,350 104% Oct. 17,1275$ June 7
|137^ Oct, 17 153*4 June 7
Nov.
l,38o:io9
111407$ May 17
535i 12 3d Sept. 21
22
Apr. 22
MOO! 35 Jan. 27; 524 Apr. 22'
Oct.
2,305; 34
171 54 4 May 17
431 100
Oct. 17; 1184 June 7
947) 4714 Oct. 17! 08
Apr. 11
l.OOOi 15
Sept. 19j 39% Jan. 11
81,HO 1234 Oct. 11139i« June 1
100; • 20^ Oct, 14J 323j Apr. 14
200i 52 70 Oct. 141 083s June 4
1.1731
<*ig Oct, 1«| 17
Jan. 3
1001 52
Sept. 21j 824 Jan. 13
7c
is Oct. 17; 32 Jan. 3
! 80
Sept. 20; 100
Apr. 9
MOO 21 4 Feb.
4] 02^ May
7
200
,734 Sept 21 j 17
Apr. 7
910 114
Oct. 18 138
May 28
150
12
Sept, 20 27% Apr. 1
281e Dec. ^3j 474 Apr. 21
13
Sept. 20: 24*2’May 16
200 39^ Oct. 17! 01
Apr. 29
33,000 89
Oct, 14 j OS^i June 30
t 17' 85
20:
99% May 14
Sept,
10,050 54ie Oct. 13: 70% Apr. 14
300
2*
;
0734 June 11
304 Sept.
2,845 924 lice. 13,161 7s Apr. 20
200! 45
Oct. 19
04 4 Apr.
5
80
Aug. 1| 95 4 May 19
0! 94 4 May 18
064 Jan.
’*219 98 Jan. 4 119 May 18
1,340
54 Dee. 29! 20to Apr. 2
1,250 15
Dec. 29! 48t$ May 31
2,2 35 164 Dec. 10 34*4 Apr. 9
13,855 84 34 N ov. I'll 2 May 19
!
914 Dec. 13 194 Jan. 8
000 68% Oct. 14, 8834 Jan.
3
100
374
*1OJ-2
v8 34
2914
14.!
850j
020
......
22%
34
54
t. Louis Alt. A Terre Haute..
Bt. Louis Ark. A Texas
South Carolina
Whitebreast Fuel Co
OoiumhiiN A Hocking Coal
Tennessee Coal A iron
YarioiiN Stock*, Arc. (Uni
Amer. Cotton Oil Trust
the
108%
141
67
*78
104
.
Pipe Line Certificates
70%
113
*144
*444
*9
22
*130
Mexican ( entral
Mon is A Essex
Ohio Southern
Do
130%
014
89 J4
704
Marquette Hough. A On.,prof.
Quicksilver Mining Co
......
94 34
89
10%
*0
Cleveland A Pittsburg, qnar,.
Houston A Texas Central
1034
A-
pref.
are
•>
11
*9
79
*77
108 34 109
*140
142
142
*107
100 34 10s
08
094 *08
*130
132
132
Wells, Fargo A Co
Inactive Stock*.
American Tel. A Cable Co
Central Iowa
Chicago A Alton
Ciucin. Ind. St. Louis A Chic.
Cincinnati Wash. A Baltimore.
These
*.\024 1034
04
.04
154 10
174 18
884 894
224
77 J4
;
*
74
74
*5
130
i404 i*40*4 i*404 1*4*04 *i-uV in" *i*40** i 41**
Adams
American
United States
Oregon Short Line
33%
*3
90%
88
*78
88
81
34
227$
00 4
89%
35 J4
Pullman Palace < arCo
*
/
22%
04 i*j
74
103
Pacific Mail
Do
8
'214
3534
Oregon Improvement Co
Oregon Railway A Nav. Co...
......
*32%
92
1141c
114 4 *112
00
00
004 004
*100
100
100
*100
102
108
1094 no
100J4 1074 *107
25 4
25 >4
25
25 4
254 25-4
57% 5 8 4
574 583$
574 577$
10
154 15-4 *15
1514
154
284 284
284 2 8 4
274 274
43% 43%
434 434
437$ 45
;
Philadelphia Co., Nat. Gas
90%
*11*27
Bt.Paui Minneap. A Manitoba
Texas A Pacific, ass. paid
!
I
Union Pacific
Wab.St.L. AP.,P. Com. repts.;
Do
*35
......
Rome Watertown a? Ogdeuab’g:
BE Louis A San Francisco
'
Do
pref.... |
1st prel;
Do
Bt. Paul A Duluth
Do
01
214
227$
♦>0 4
21
Richm’d A West P’ntTerininal j
504
50%
*28
154
45%
90 J.8
*44J4
954
*894
954
*x78
08
22%
j
Trans-Continental. !
Philadelphia A Heading
It
42
10
3034
103$
8%
*284
*144
414
22 4
40 4
Peoria Decatur A Evansville.
li
ODU
89
284
03 4
prof.
Oregon
II
007$
04
10
18%
*00
*3 2
Ohio A Mississippi
» '4
0134
34
Do
Hi
90
DO
Istpref.
Do
2d pref.
New York Lake Erie A \V est’n
New York A New England...
New York Ontario & West....
New YorkSusq. & Western...
Do
pref.
Norfolk & Western
130
*28
*144
154
89
Nashv.Chattanooga&St. Louis
New York Central & Hudson.
New Y. Chic. ASt.L., new
pref.
130
90
*704 78
108 34 109
*104 17
Do
4-4
••••••
......
8
*04
44
44
45-
85
100
*9
—
3%;
4
4434
954
877$
18
87 7$
Missouri Kansas & Texas
Missouri Pacific
Mobile <fe Ohio
3%
104
104
*00
51
1534
pref.
327$
4%
7%
57
*14
151$
45 tc
9578
*1434
1
Lake Erie & Weatern...
Do
do
pref.i
Lake Shore & Mich. Southern.
334
104
01%’
57 J4
7514
324
*28
*28
i
757$
104
0114
5 0 Jc
75%
.
*53
&Ga.R’y.j
Shares
.
*21
Rio G.,assessin’t pd
Do
pref.
East Tennessee Va.
Do
Istpref.
Do
2d pref. I
Week,
Dec. 30.
754
754 76%
112% 112%' 112%
*1114 113
11 1
10734
1074 100 34 10734 1074 108
141
! *1394
*139
*1394 112
11234 1124 1124
into x 112% 113
13%
12 34
12%
134 134
14
30 34 38
384
37
301$ 304
40
40
404
394 39%
3934
x 100 %
no
11-0
109
*1094 110
54
534
52
52
544
53
24 J4
24
24
20
234 25
|
130ic 1294 1304 1294 1304 129%
214 214 *21
*214
544 514 *52to
544 544
104
10% 10%
10ic
94 10
03
*01
*00
03
0(1 !c *00
*22
23
*22
4
23
22 tc *22
*SS
90
*88
894 *88
40
454 40%
454 454
453$
*8
*8
8%
8%
8l4
8 Jc
118
1184 117%
*1174 118
118
13
13
15 •
*134
114 *13
1274
Denver
Friday,
Dec. 29.
104
0134
129 to 1294
744 7534
754
*12
*30
39 to
109
*51
20
pref.
Chicago 8t. Paul Min. <k Om..
Do
pref.
ClevelaudOol.Cin.Arlndianap.
Columbus Hocking Val.&Tol
Delaware Lackawanna tfcWesr
Do
j
129
*139
11414
Chicago Rock Island & Pacific.
ChioagoSt. Louis Sc Pittsburg.
Kingston <& Pembroke
5 to
111 »4
107
I
pref.
Illiuois Central
Ind. Bloom. & West.,
7
5ic
747$
Chicago & Northwestern
Do
7
129
104
01%
50 J4
74 4
324
*3 %
74
44
10t4
01 34
57
70
334
*14
10i4
01 a4
Thursday;
Dec. 28.
Dec. 27.
Do
Do
Do
Wednesday,
Tuesday,
Range for Year 1887.
7
30
Apr. 27
Jan. 14
041*2 Jan.
994 Dec.
3
28
THE CHRONICLE.
31, 1887.
December
881
BONUS-LATEST PRICES OP ACTIVE BONUS AT N. V. STOCK EXCHANGE. ANO RANGE FOR TEAR 1887.
Closing.
Railroad Bonds.
Atl. & Pac.—W. D. inc.,
‘Guar., 48, 1987...
Car.
Range for year 188'
Wee. 30 Dec. 23.
!
26%b. i
6s, 1910
- -* - - -
South.—1st *-u»r., 5s, 1908
26%
81*26.
92
Highest.
104
Sept. 409
b. 87 *2 Sept. i 95%
! 75 b. 80 Aug. ; 94
107%b. 104*2 Aug 110
412 b. 107% Jan.
119
•112
b. 109
Jan. 1118%
b.
Cen.’lowa—1st* 78,*’99, coup, oil: 83 a.
Central of N. J.-let, 7r, 1890..40/%b,
Consol. 7b, 1899. assent
jl 13
Convert. 7*. 1902, assent
11‘3 b.
Adjust. 7s, 1903
Convert, deb. 6s, 1908
jl^O b. 113*26.
General no rt., fs, 1987
11OO3^ 40013
b.
:"Lcii. A W.H.,ooii.7b, 1909,as’nt 113 D. 111
i 103*26.
Am. Dock A Imp., 5s. 1921.
.104
Central Pacitu—gold 6s. 1898..J116 b. 116%
115
San Joaquin Br. 6s, 1900
Land grant 6s. 1890
102 %a.
Cbes. & O.—Pur. in. fund 6s, ’98j------6s, gold, ser. B, 1908, coup, ofl 69 b. | 6S b.
Exten. coup., 4s, 1986
j
Cft% j! 69
22 Ub,
24% j
6s, currency, 1918
.
■
Mort. 6s. 1911
Ches. O. <fcSo. W.—5-6s, 1911
9 I
b.
83% Jan. 116
95
Sept. 101
109
Sept. 416
99
!
81
o< t.
75%
!
Nov.
32
Dec. 100
Feb. ! 108%
Oct.
107%
Sept.
66
|
62
14
88
:
-r
i 7»%b.
b. ; 73
i
j
Dec.
Oct.
Oet.
Nov.
Det.Mac.A M.—Ld.gr.3%8,1911: 31
E.Ten.V. A G. Hy.—Con.,5s, ’56; 95% I 95*2
Eliz. Lex. A B. 8andy-6s, 1902. 90%b. i 96*2
Erie—1st. consol, gobi, 7s, 1920436 b. 135%
110
4 10%b.
!
i
)
4£ent. Cenlr.—Go d 4s, 1987
i 71
Knoxw.AO.—1st, 6s. gold, 1925 92 b.
Lake8h.-C-n.cui ip., 1st, 7s, 1900 129
Con. coup., 2d, 7s, 1903
422 b.
•Long Island—1st. 7s, 1898
120%b.
112%a.
1st, consol., 5s, 1931
108% Apr.
Jan.
142
Jan.
Jan.
Sept.
127% Jan.
Jan.
Oct.
102
Feb.
104% June
Debenture, 6a, 1927
Sept. i 88% Jan.
91
!
!
Sept,
Roeli. A Pitts.—1 at, 6a, 1921... 117
Jan.
».
Consol., 6s, 1922
Rome W. A Ogd.—1st, 7a, 1891.
Consol., extend., 5a, 1922
St Jo. AGd. Ial.—1st, 6a, 1925
121% June
82% June
J 82
Apr.
b. 110
79
b
i
71
91 % b
429 a
: 121 *4b
419
b
112 b,
Dec. 115
Jan. 420
Mar.
Mar.
Feb. 104%
Oct. i 95*4
Dec. I 98%
Dec. 109%
Mav
June
Oct.
2d, income, 5a, 1925
St. L. Alt. A T.H.—1st, 7a, 1894. 114
4 07
2d, M., pref., 7s, 1894
Sept.
‘10258b ; 103
2d., M., inc., 7s, 1894
Nov.
41 %a
Dividend bds, 6a, 1894
40% ! 33
Oct.
St. L. Ark. A Tex.—1st, 6a, 1936 98% | 97 %b j 95% Sept.
2d, 6s, 1936
! 41 b. : 41% ! 35
Sept.
St. L. A Tr. Mt.—1st, 7a, 1892... j 109%b 409 b 107
Sept,
408
b
2d mort., 7s, 1897
1110
10*% Dec.
l
92
Gen. Ry. A land gr., 5s, 1931.
92%a | 89% Oct,
St. L. A San Fr.- 6a., Cl. A,1906 112%b 412 b 109
Sept.
112
b, 410% Nov.
112*41).
6a, Class B, 1906....
112*4 b 112 b 110% Nov.
6s, Class C, 1906
114 %t). 114%
Gen’l mort., 6s, 1931
108% Feb.
102
b. 102
Gen’l mort., 5s, 1931
! 97% Sept.
So. Pac., Mo.—1st, 6s, 1888... 103
July
1102 %b 100
St. Paul M. A M.—1st, 7a, 1909. 112 b. 112 b 110% Jan.
116%b. 4 16 b.412% Oet,
2d, 6a, 1909
1st cons., 6a, 1933
118 a. 116
il 14% Sept,
Do
reduced to 4%s
99
a.
99
a.
Feb.
98
94
b.
Shenandoah Val.- 1st, 7a, 1909 92 a.
91% Dec.
35 a. I 32
Gen’l mort., 6a, 1921
Sept.
96
95
So. Carolina—1st, 6a, 1620
! 95 Oct.
2d, 6s, 1931
65
May
*13* b. 13 b 13 Sept.
Inc., 6a. 1931
So. Pac., Cal.—1st, 6a, 1905-12.. 110%
110%
108% Oct.
So. Pac., Ari.—1st, 6a, 1909-1-0..
110
Feb.
108 *b.
So. Pae., N. M.—1st, 6a, 1911.
105% Jan.
*4*5
Tex. A Pac.—Inc. A Id gr, 7s. ’15 48
43
Sept,
Rio Grande Div.—6s, 1930
66 b.
66*4 1 .58
Sept,
Gen. mort. A term., 6s, 1905..
58
b.j 56
Sept,
89
Tol. A.A. A N. M.—1st,6a, 1924.
1).
89 %b. 89
Jan.
Tol.A.A. A Gr.Tr —lat, 6a, 1921 102*b. 102
b. 100
Oct.
Tol. Peor. A West—lat, 7a, ’17
Oet.
70
Tol. A Ohio Cent.—1st, 5a, 1935 95 b.
Oct.
91
To!.St.DA Kan. C.—lat,6a, 1916 85 b.
91% Dec.
116 *4 b. 114
Union Paeitic—1st, 6s, 1899
116%
Jan.
May
Nov.
111
Jail.
100% Jail,
109
May
i 53
May
125% June
Dec. 406% June
Feb.
Mar. 410
Sept. 119% May
Mar. 419% May
Feb. 419% May
Feb. 412
May
Oct. ; 79% May
Jan. 124% Feb.
Aug.
An
99
i
May
Sept. ! 89% June
Sept. 'i 98% May
Dec.
34%
Nov. 122
i
98
I 75 Dec.
Jan. i 78
I 64
i 89% Oct.
100
124
Aug 129
120
Dec. 126%
1 18% Dec.
125
Dec.
110
115
118
Apr. 121%
Jail. 113*4
105
Lou. A Nash.—Consol., 7s, 1898 119%b. 419%
N. O. A Mobile— 1st, 6s, 1930. ill
b. illO%b
2d, 6s, 1930
j 97 b. I 98 b | 90%
E. H. A. N.—1st, 6s, 1919
413 b. 412%b 112
409%
107
General, 6s. 19q0.
410
Trust Bonds, 6s, 1922
407%b. 107%a 104%
10-40,68, 1924...
.400 b. 1100 b I 98
Lou. N, A. A v D.— 1 st. 6s, 1910. >114 a. 416 a 109
1
Consol., gold, i s, 1916
j 91 b. 91 b i 90
Mein. A Ch ilton—6s,gold, 1924 102 b.
400
117
a 113
Metro. Eievated.—1st, 6s, 1908c
2d. Cs. 1-99
407%a. 105 b. 104
May
Jail. j 92% Feb.
Oct.
Oct.
JanJuly
Jan.
Jan.
Jan.
Jan.
Sept.
..
Apr.
Mar.
Feb.
July
Jan.
J une
May-
Sept.
Feb.
Land
“ b” indicates
1). 102
114
116%
89
Mar.
110%b.
lat
May
consol, 6s, 1919
110
1*08 %b.
1C)2
101
|
99
95
95
75
Apr.
Geu’l mort., 5a, 1936
Wab. St.L. A Pac. - Gen., 6s, ’20
b.j
49
Chicago Divison—5a, 1910
76%b.
1
88
78
49
a
99
b. 85
111
1). 110
b.
85
90
a
51
99
Wabash—Mortgage, 7 s, 1909.. | 90
'113
Tol. A Wab.—1st, ext., 7s, ’90 112
110
lat, St. L. Div.. 7a, 1889
2d, extended, 7a, 1893
Con., conv., 7s, 1907
Great West —1st, 7a, 1888
2d, 7a, 1893
|
110
90
St.L.K.C. AN.—R.eAr.,7a,’95. Ill
West Shore—Guar., 4a
llol%
| 89
b.j 82
L10
b. 106
b.j 90
80
i*.: 109
b|
b. no
91
a.
b. Ill
a.
a.
90
109
101%
97
Nov.
Nov.
Oct.
Apr.
Oct.
Jan.
Feb.
Aug.
Nov.
Jan.
Dec.
Oct.
Jan.
Dec.
Mar.
Mar.
Apr.
May
Mar.
Apr.
Apr.
June
Jan.
June
Jan.
99
Jan.
115% Jan.
117
Apr.
117*4 Apr.
415
May
lo2
Die.
1104%
Jan.
1118
Apr.
(121
Mar.
120*4 May
101% May
109
55
May
May
107% Jan.
80
Jan.
28% Jan.
115
112
110
July
Apr.'
72
100
Apr.
May
June
66% Feb.
78% May
109% June
112
Feb.
99* Jan.
97% June
119* Mar.
103% May
115
b.
Apr.
114% Mar.
Sept. 120
Sept. 115
110
Apr
June
102% Apr
55*4 Jan.
115
b.!
Oregon Hh. Line - lat, 6s, ’22.. 100%1>. 100%
Virginia Mid.—luc.. 6a. 1927—
Dee.
J une
108
18
Jan.
1 105 %
June
Feb.
112% June
b. 102
Denver Div.—6a, 1899
Apr.
Mexican Cent.—New ass. 4s
i 51
j
i
75% June
Incomes, 3s.'1911
•
j 22 a. 19 % Sept. i 27% June
Mich. Comal—1st, con.. 7s, ’02127 b.
124
Nov. 131
Apr.
Wise’ri Par.— 1st, cons., 6s,1920 111
Dec.
119
410%b. 109
Apr.
ill 5 b. 115
Nov. 126
3d, 7s, 1906
419
Apr.
Pae. of Mo.-1st, 6s, 1888:... ;102%b. 102%b. 100*4 Allg. 105
Jan.
2d,mort.,7s. 1891
|108
!i06%b. 105% Juiy 110% June
NOTE—The Setter
lo2
grant, 7a, 1887-9
Sinking fund, 8a, 1893
Kan. Pacific—lat, 6a, 1895
lat, 6a, 1896
Allg. 107
MaySept. 120% May
Dec.
Feb.
b.j
.
Feb.
June
99% May117% May114 % May-
109
103
116
i 99
106
102
98
.
Jail,
78
;
| 66% Mar.
!
b. 112 a 109
Nov. 115%
102 %b. 101
Dec. 112
57
b.
b.
77
55*4 Oct.
b. 109 b. 109
8ept, 115
a.
110
114
Feb.
117 b. 114
Feb. 120
117
Jan.
108
b 106
b. 108
1 >ec.
112%
102%
98
Oct.
104%
97%
92
Oct.
D'8%
•10 b. 65
75
July
b.414 b 113
Aug. 116
108
Evanav. Div—1st, 6a. 1920...
Rich A All.—1st, 7a, 1920. tr. ree 57
Riclnu. A Dan.—Cons., 6a, 1915 ill
ill 1% May
Oct.
Oct.
82% Dec.
Apr.
Sept.
..
Mar.
Mar.
Apr.
Oct.
*2%
114
108
May
b. 129%b. 125
7s, 1913 132
102% Apr.
89% Apr.
113% Jan.
Dec.
Nov.
Dec
........
May
105% May
.
,
! 76
June
Mar.
Jan.
60
!05%
103
107
b 105
104
: 43
b.
10
I
6s, 1911
68*2 Dee.
63
Jan.
Jan.
.
Apr. i 86%June
29
Sept, ! 5ti
May
91% Sept. 101 % Apr.
95
Jan.
Sept. 108
129
Sept. 137 June
i
2,1,6s, 1931
j 92%
Gi'nB. W.&st.P.—lHt,6s,I911i 99 b. 99 b. 97
1).
oO
id income 8*. 1911
! 31
28
Gull (. ol.A Suu.Fe—1st,7s, 1909 131 %b. 121 b. 118
Gold, 6s, 1933
i 96%a. | 96 %a. 96*4
Hendirson Br.Co.—1st. t!s, 1931 ; 108%b. 408 %b. 106*2
S. & Tex. 02—1st M. L. 7s
114
414 b. 112
408
1st, West. i>., 7s. 1891
4l2%b.
113*’ b. 113
1st,Waco A N. 7s, 1903.|
112
a. ! 94
2d, COl!K)l. M. L. 8S, 1912
i
Gen. mort. 6s, 1921
55
.1
Ind. ill. A W.- 1st, prof..7s, 1900 112 b. 1*12 b. 119%
86
1st, 5-68.1909
i 85 b.
J 7l%a. 72 a. 770
2d, 5-6s. 1909
Eastern Division—6s, 1921...!
88
19
Income, Os, 1921
! 18 b. } 19 b
Int. A Gt.Nor.—1st, 6s,gold,’19: lOa%
469 b 108
Coupon, 6s, 1909
Jan.
109
108
73%
Oot.
May
Sept. 431
Apr.
103
5s. 1893 104*4 403%
Ang. 167*4 Apr
136%
7s, 1903 i3«%a.
130% Sept. 437% Nov.
Debenture, 5s, 1904
108%b. 108 %b. 406 Mar. 110% June
N.Y.A liar.—1st, 7s, 1900
129 b.
127% Oct,
133% Apr.
85
Jail.
N.Y.CUic.ASt.L.—1st, 6s, 1921..
101% May
2d mort., 6a, 1923
I 70
99
Jan.
May
N.Y. City A No.—Gen., 6a, 1910
58
80
Sept.
Apr.
N.Y. Elevated—1st, 7a, 1906.... 11S % b. 118 Mi. 116% Sept. 123
Jan.
N. Y. Lack. A W.—1st, 6s, 1921.
12ft%b. 124% Oct. 128% Dec.}
107
b. 106
108
Construction, 5p, 1923
.Tan.
Sept. 110
N. Y. Ont. A W.—1st. 6s. 1914.. 108 b. 108 b. 106
iept. 110% Feb.
69
Feb.
77
N.Y.Sus.AW.—Deb.,6s,*97,cp.oil
Apr.
1st refunding, 5s, 1937
9*2 %* 91
87
Oct.
96% May
Midland of N. J.—1st, 6s. 1910
109%b. 107
Aug. 115% May
76
N. O. Pacific—1st, 6e, 1920
a.
75*
69*2 Sept.
86% May
118
118*4
North.Pacific—1st,coup.,6s, ’21!118*4
113% Sept. 118% Apr.
lul
102
%b.
Gen’l, 2d, coup.. 1933
96*4 Oet. 107% Mar.
'
James R. Val. -1st, 6s, 1936.. 105 b.
106% Jan. 111
May!
105
a.
N. Pac.Ter.Co.—1st, 6a, 1933...
100
July 107% June
Ohio A Miss.—Consol., 7a, 1898.
117%b. 114
Oct'. 123 Apr.
113*4b. 113*
111 % Oct.
2d, consol., 7a, 1911
119
Jan.
Springfield Div.—7s, 1905
106% D e. 112% Apn
Ohio Southern—1st, 6s, 1921.
ibo**’* 1*0*2*** 100 Dec. 111 % Apr.
30%b. v 9% Dec.
2d, inc., 6s, 1921
50% May
94
b
89
Oregon Impr. Co.—1st, 6a, 1910 *94%
Sept. 102% May
Ore. R. ANav.Co.—1st, 6a, 1909 ill b. 110 *b. 108
112
Jan.
May
97 a.
Consol., 5s, 1925
96%
96% D *c. 106
Jan.
91%
Oregon ATranscon.—6a, 1922.. 93
89% Dec. 104% Apr.
Sept. 135 Jan.
July 110% Fob.
Sept. 124% May
j 64
Con. Cs.1935
417 a. 117 a. 115
:
97
i 93%
N.Y.L.ErA W—2d con. Os, 1969; 97%
i
i
Funded coupon, 5s, 1969. .J
ft4%
Ft. W. A Dujiv. C. -1st, 6s, 1921! 79%
| 7 9% ; 76
Gal.Har.A San.Ant.— 1st, tie,40 105 b. 105 b. 102
105 *2U. 105
2d M., 7s, 1905
:
West. Division—1st,5s, 1931.!
i 91*4
i
Mutual Un. Tele.—S. f.,
Nash. Ch. A St. L.—1st,
N.Y. Central—Extend.,
N.Y.C. AH.-1st, cp.,
Jan.
Feb.
Dec. 433
May 420%
Nov. 110%
Nov. 110%
Nov. 109*4
j 68
*35
..
130% Juno
119% June
Oct.
75% Oct.
70
Sept,
b.
6U%b.
Dtn. So. Pk. A Pae.—1st, 7s, ’05;
Long Dock, 7s, 1893
j 99
63% Oct.
71 a. 72%
lft%b. 41& % b. 118% Feb.
4s, 1936
! 79
Den. & R.Gr. W.—1st, 6s, 1911. j 73
Assented
i
Oct.
Nov.
'
con.
May
Jan.
June
Sept. 403% June
Oct. 1122% Jan.
136
Okie. & N. W.—Consol. 7s, 1915 l3o%b. 139
Gold, 7s, 1902
| 1-7 b. 125*26. J 124*2
8inking fund 6s, 1929
120%b. 420 b. 117
405*2
Sinking fund 5s, 1929
407 b. 11108
Sinking fund debent. 5s, 1933408 b. 07 %b. 106
103
b. 102%
25-year debent. 5s, 1909
401 b.
Cbi.R. I. A Pac.—6s, coup. 1917.434% !134 b. 428%
Exten. &■ i ol. 5s, 1934
UO~ °ab. 109*2 107
Cb.St.P..M.A ().—Consul. 6s.’30! 118:U 417% 416
b. 122
St. Paul iV S. C.—1st, 6s, 1919431 %b. 121
Cb.St.L.A Pitts.—lst.con.5s,’32400 b. 400 b. 98%
C. C. C. A Ind.—Gen. 6s, 1934 ..409 b. 109
104%
1
99*2
95
Col. Coal & Iron-1st, 6s, 1900.. 100
60
Col. H. Val. A Tol.—Con. 5s, ’31; .69 b ! 71*2
1st
Nov.
High esL
b 120 b. 117% Nov. 123
b. 110 1). 114
Jan. 4 21
a, 12 8% a. 110
Aug. 133
50
52%b
50
90
Dec.
Imp. A Equip.—6s, 1922
Mo. K.ATex.—Con., 6s, 1920...
73*4
63
Consol., 5s, 1920
Consol., 7s, 1904-5-6
106%
Mobile A Ohio—New, 6s, 1927
109
1st, Extension, 6s, 1927
1st pref. debentures. 7s
Mar.
June
Jan.
107*8 Nov. 415
10382b. 105 a, 101
101*4), 101
Cliic.Bur. At Nor. —1st, 5s, 1926.
Chic. Burl. & Q.—Deb. 5s, 1913.1103-sb. 1103*26. 102%
! 93*4
Denver Di vis., 4s, 1922
94
; 92
;
94
•CJbic. A Ind. Coal R., 1st, 5s, ’36: 98 b. 9/%b
Cb.Mil.A St.P—1st,I.A M.7s,’97:118 b. 118 o. 117
Consol. 7s, 1905.
420%b. 426*46, 124
lBt, So. Min. l)i v.—6s, 1910— 1114 b. 413 b 111 *4
i 103*46, 102
1st, Chi. A Pac.W.Div—5s, ’21 104
Wis.AMin. Div.—5a, 1921....,102 b. 101 *2b, 100
401%0. 101
Terndnal-58,1914—:
gold. 6s. 1904
i
Denver At Kio Or.— 1st,7s, 19004
Jan.
Nov.
Dec.
Feb.
July 1105
100
...
Gen.
June
i 106% Mav
Jan.
Loicest.
120
116
Minn. A St. L.—1st, 7s, 1927.... 115
W.—let, 6s, 1921.
Michigan Div.—1st, 6s, 1924..
113% Feb. •118 % Mari
111*2 Feb. 416 June
I
!..
Mil. Lk.Sb. A
Juno
105% Jan. 408% June
..
Range for gear 1887.
Dec. 30, Dec. 23
23*2 Oct. j 38% June
90
Jan.
80% Sept.
107
1 91
10/ %b.
2d 58,1913
Closing.
Railroad Bonds.
Lowest.
Feb.
May
Mar.
117% Apr.
109
Apr.
107% Jan.
99
90
Jan.
Apr.
60% May
104% May
97
May
117% May
116
108
May
May
May
117% May
107
May
114*4 July
99
Sept, K)4% June
price bid, and “ a” price ashed; all other prices aud tue rangtd are from aotual sales.
STATE
SECURITIES.
Bid.
j
i
Ask
BONDS.
SECURITIES.
Bid.
Aak.
SECURITIES.
Bid.
Ask
..
Alabama—Cl a.-a A 3
Class
FL 5s
Class C, 4 s,
to 5
1906
1906
107
410
110
J
1906
1900
102
101
406
6a, 10 20
Atkam-asr-Gs, fmuled.. 1899-1900
7a, Little Rock A Fort Smith, ias.
7a, Memphis A Little Rock, iss..
7s, Arkansas Cential RR
Georgia—7s, gold
1890
Louisiana—7s,
Stamped, 4s
Michigan—7s
cons
1914
1890
18
105
100
408
! 20
! 25
1
22
1
15
411
i
91*4,' S3
It 6
Missouri—6s
A.-yluiu or
due 1889
or
1890|
University, due 1892
Funding
1894-1895
•New York—6a, loan
1892|
!
i
6s, loan
North
Carolina—6a, old.
Funding act
!:
New bonds, J. & J
Chatham RR.
18931
J&J;
1900
1892-1898
Special tax, Class 1
Consolidated 4a
6a
:
104%
110
115
118
35
10
20
8
1910
1919
j Rhode Island—6a, con.. 1893-) 894
South Carolina—6s,non-fund.1888
Biown consolidated 6a
lft93
110
96%
120
1892-189*
Tennessee—6a, old
Compromise, 3-4-5-Gs
1912
......
10
10
98
122%
New settlement— 6a
5s
3a
Virginia—6s, old
6a, consolidated bonds
6a, consolidated, 2d series
6s, deferred, trust
ree
1913
1913
1913
115
5
108
59
69
102
7
64
72
*99
72%
74
48
75
60
9%
10
Railroad Bonds.
Det. Bay C. A Alp. - 1st,
E. Tenn. Va. A Ga.—1st,
Divisional 5s
E. AW. of Alabama—
(Stock Exchange Prices.)
Atch. Top. & San. Fe—44s...1920
Sinking fund, 6s
Beecn Creek-1st gold, 4s
Balt. & Onio—1st6s, ParkB
•
1911
1936
..1919 *
1925 108
5b, gold
.Registered
Boat. H. Tun. A W.—Deb. 5s... 1913
123
Brooklyn Kiev.—1st, G., 6s...1924
2d, 3-58
Burl. Ce. Rap. & No.—let,
Consol. A col. tr, 5s
1915 * 83
5s. 1906 105
1934
Registered
Minn. A St. L.—1st 7s, gu
Iowa C. & West.- 1st 7s
Erie—1st, extended, 7s
95
.1927
105
90
1021
Buff. N.Y. & Phil*.—Cons',*6s*! 11921
Trust certificates
General 6s,
1924
110
40
Trust certificates
45
Collateral gold, 5s....
1937
Clies. & O.—6s, gold, ser. A...1908
Ches. O. A So. West.—2d 6s.. 1911
100
1893
115
Chicago & Alton—1st, 7s
Sinking fund, 6s
guar.
119
117
1898
Chic. Burling. A Q.—Cons. 7s.1903
5s, sinking fund
1901
IowaDiv.- Sink, fund, 5s.. 1919
1919 *
Sinking fund, 4s
J
.......
120
95
96
Registi red
*874
50
83
107
*
Chic, Milw.A
96
.128
97
118
119
Malion’g. Coal RR.—1st, 5s.1934
St. Louis
Div.—1st, 6s
1921
1980
2d, 3s
Nashv. A Decatur— 1st, 7s.. 1900
S.*A N. Ala.—S. f., 6s .......1910
Louisv. C. A L.—6s
1931
5 p. c. 50 year goldbds
1937
125%
Pens. A At.—1st, 6s, gold.. 1921
*111
Lou. N. O. A Tex.—1st,is
1934
2d mort., 5s
1934
122%
Mich. Cent.—1st, con., 5s
1902
95%.
1054
1895
105
98
99
Consol., 6s, trust receipts. 1905
Pa. Co.’s 44s, reg
1921 1044 105
Pitts. C. ASt.L.—lst,cp.,7s. 1900 117
2d 7s
1913
*1414
Pitts. Ft.
A
*139
2d, 7s
1912
0,1
7a
1019 *130
A P.
s. fd.,
1 *00 126 128
W.*
Clev*.
121
Buff. A Er.—New bonds, 7s. 1898 *119
Kal. A W.Pigeon—1st, 7s... 1890 106
Det. M. A T—1st. 7s
1906 1204
lv04
Lake Shore—Div. bonds, 7s. 1899 119
Long Island RR.—
N. Y. A M. Beach—1st, 7s..1897
N. Y. B. AM. B.-lst,g.,58.1935
108
Louisville A Nashville—
Cecilian Branch—7s
1907
984
1920
Pensacola Div.—6s
C.-ist*, 78*.*.1912
—Cons.*,
*7s!
4th, sink, fd., 6s
St. L. V.
1892 *1084
AT.H.-lst, g., 78.1*97
2d, 7s
1898
1898
2d, guar., 7s
1254 Pine (’reek Railwrav—6s of 1932
1224 Pitts. Cleve. A Tol.—1st, 6s... 1922
Pitts. Junction—1st, 6s
1922
Pitts. McK. A Y—1st, 6s
1932
Pitts. A Weste n—1st, g., 4s
1917
Rich. ADanv.—Dob. ex cp.6a.1927
.
108
100
Consol, mort., gold, 5s
1937
Atl. A Char.—1st, pr., 7s
1897
Incomes
1900
Rich. A W. Pt. Ter’l. Trust6s..1897
San Ant.A Arans.— 1st,6s,’85-1916
110
1124
*
58
1194
j
1910
!
Coupons off
;
994 ;St. Louis A Iron 'fountain—
95
Arkansas Branch—1st, 7s.. 1895
Cairo A Fulton—1st, 7s
1891
Cairo Ark. A T.— 1st, 7s
1897
St. L. Alton A Ter. Haute—
9.4
94
.
f
N. J. June.—Guar. 1st, 48
Chic. St, Paul M. A O.—
Chic. S. P. A Minn.—1st, 6s. 1918
No. Wisconsin—1st, 6s
1930
Chic. A E. Ill.—1st, 8. f., cur.. 1907
Consol., 1st, 6s
1934
Chic. A W. Ind.-let, s.f., 6s.. 1919
General mortgage, 6
1932
Chic. A St. Loui^—let, 6s
1915
Cin. I.St.L.A Chic.—1st,g.,4s .1936
Registered...
Cin. Jack. AMac- 1st,g.,5s...1936
Col. A Green.— let, 6s
1916
2d, 6s
1926
Col. A Cin. Midland—1st, 6s.. 1914
Del. Lack. A West.—Conv. 7s. 1892
1214
Registered certificates
115
1124 113
112
115
110
924
95
96
111
110
1324 136
132
1424
140
N. Y. P. A O—Prior lien, 6s .
N. Y. A New Eng.—1st, 7s....
1st, 6s
N. Y. Chic. A St.
104
1986
1895
1234 125
1905
1905
Registered
'....
864
864
Louis—Is—1937
1901
1915
Del. A Hud. Canal—1st, 7s... 1891
1st, ext., 7s
1891
1894
1894
Coupon, 7s,
Registered, 7s
*
734
N.Y. Busq.AWest.—2d, 44s... 1937
N. Y. N. H. A H.—1st, reg. 4s. 1903 *104
N. Y.Tex. AMex.-lst, 4s ...1912
Northern Pacific—Dividend scrip.. 1054 105%
100
Dividend extended
101
Spok. A Pal.—1st, s. fd., 6s. 1936
St. Paul A N. P.-Gem, 6s.. 1923 118
Registered
Helena A RedM’n—1 st,g.,6s. 1937 103
Dul. * Manitoba— 1st, g. 68.1936 T03
Hel. B.Val. A Butte, 1st, 6s.l937
Drummond A P’bg — 1st, 5s 1637
Helena A No.—1st, g’d, 5s. 193,
1234 1264 N. O. A No. E.-Pr. 1., g.,6s ..1915
105
99
1324:133
New1 Or. A Gulf—1st, 6s
1926
106
Norf. A W.—Gen., 6s
1931 Til 4
107
New' River—1st, 6s
.1932
1134
Imp. A Ext., 6s
1934 98
r
....
....
....
113
1917
1394
Registered
Albany A Susque.—1st, 7s. 1888
1044
Pa. i-iv., coup.,
7s.
....
....
.
1st, cons., guar., 7s
135
190i
Registered
1st, cons., guar., 6s
1906 1174
418
Legist < red
Reus. A Bar.—1st, coup.,7s. 1921 140
140
Registered
Det. Mft'k. A’ Mar.- 1st. 6s
No
.1921
192 1 lu l4
Adjustm« nt M., 7s
Ogd. A Lake Ch.-lst, 6s .... 1920
Ohio A Miss.—Cons., s.f., 7s.. 1898 1184 1214
General 5s
1932
Ohio Cent.—1st Ter. Tr., 6s... 1920
Min. Div.—1st, 6s
1921
Ohio River RR.—1st, 5s
1936
77
Omaha A St. L. R’y.—1st, 4s. 1937
: 76
Oregon A Cal.—1st, 6s
1921
Panama—Sink, fd., sub., 6s... 1910
Peoria Dee. A Ev.—vd. 5r.. 1927
piice Friuay; these are latest quotations male tins week.
110
108
70
90
85
92
50
10-$
108
T15
110
T15
827e
72
1
73
S3*
112
70
116
102
104
106
fc5
95
.1919
8t. Charles TBr’ge— 1st,6s. 1908
No. Missouri—1st, 7s
1895
Wab. St. L. A Pac.—Iowa Div., 6s.
West. Union Tel.—Coup. 7s.. .1900
115
T15
Registered
Telegraph—7s
1904 TOO
Wheeling A L. E., 1st M. 5s. .1926
Market 8t. Cable Ry., 1st, 68.1913
Manbat. Beach Imp. Co.—7s. 1909
Am. Water Works Co., 1st. 6s. 1907
Tenn. C. I. A R’y.— Consol., 6s. 1901
8outh Pitts.—1st, 6s
Bir. Div.—1st con. 6s
Col. A Hock. Coal A I.—6s,
Income Honda.
1094
108%
lo7% 109
N. W.
Mortgage, 7s
1907
Syra. Bing. A N.Y.-lst,7s.l906
Morris A Essex—let, 7s
1914
2d, 7s
1891 1094 1104
1900 117
Bonds, 7s
7s of 1871
1st, eon., guar., 7s
Claritida Br.-6s
105
118
118
1926
1st, 6s, 1886
Scioto Val.—1st, cons., 7s
1st, S. W. Div., 6s.
1st, 5s, La Cl. A T)h,v
109
1st, H. A I)., 7s
Bcllev. A So. Ill—1st, 8s. ..1896
100
190o
6s
1st, H. A D., 5s
1910
Bellev. A Car.—1st, 6s
1923
1094
Coupon, 5s
.1931
Chicago A Pacific Div., 6s.. 1910 1184
St. Paul Minn. A Man.—
98
Chic. A Mo. Riv. Div., 5s ...1926
Registered, 5s
1931
..1910
Dakota Extern—6s
Jack. Lan. A Sag.—6s
1891 1044
Mineral Point Div., 5s
1910 1014 1034
Montana Exten —1st, g.,4s. 1937
1054
Milwauk.
A
1910
North.—1st,
6s...
C. & I.. Sup. Div., 5s
1921
105
Registered
123
Extension, 6s
1913
Fargo & Soldi)., 6s, Assu ...1924
Min’s Un.—1st, 6s
1922
90
Milw\ Lake S. A West.—
Inc. conv. sink, fund 5s
1916
92
95
St. Paul A Duluth—1st, 5s
1931
101
Conv. deb.. 5s
1907
Dakota A Gt. South., 5s
1916
Sodus Bay A So.—1st, 5s, g...l921
Ashland Div.—1st, 6s
1925 1154!118
Chicago A Noitliwestern—
Tex. Central—1st, a. f., 7s
984
1909
944
Minn.ASt.L.—I’a Ex—1st,7s ,1909
Extension bonds—4s
1926
93
2d mortg., 7s....
Ext. registered
1911
18911
|
.;.j| 1st mortg. 7s
Tex. A N. 6.—1st, 7s
1905
Southwest Ext.—1st, 7s
1910
Escanatm A L. S.—1st, 6s... 1901
108
!!
Sabine
Division,
6s
1912
1st,
Pacific Ext.—1st, 6s
1921
Dee M. A Minn.- 1st, 7s
1907
1024!! Valley R’y Co. of O.—Con. 6s. 1921
Minn. A Pae.—1st mortg. 5s.. 1936
Iowa Midland-1st, 8s
1900
1102
Wab.St.L. A Pac.- Hav. Div.--6s. TO
Minn. A N. W.—1st, 5s, gold..1934 101
Peninsula— 1st, conv,, 7 8... 1898 120
1921
Indianapolis Div.—6s
Minn. B.Ste.M.AAtl.—1st,5s..1926
Chic. A Milwaukee—let, 7s. 1898
Detroit Div.—6s
1921
1911
Mo. K. A T.—Cous.,2d, inc
Win. A St. P.- 2d, 7s
1907 1284 130
Cairo Div.—5s
1931
II. A Cent. Mo— 1st, 7s
1890
Mil. A Mad.-1st, 6s
1905
Tol. AWab.-Equip. bds.,7sl883
Mobile A Ohio—Col. tr., 6s ...1892 102
Ott. C. F. A St. P.-lst, 5s.. 1909
70
Quin. A Tol.—1st, 7s
1890
St. L. A Cairo-4s, guar
1931
Northern Ill.—let, 5
1910 105 !109
Han. A Naples—1st, 7s
190.4
Cl. Col. Cin. A Ind.—1st, 7s, s.f.’99 *1184 123
Morgan’s La. A T.—1st, 6s
1920 le64
Ill. A So. Iow'a—1st,ex. 68.1912
Consol. 7s
1914 122
1st, 7s
1918 121
108
St. L. K. C. A N.—
Nash. Chat. A St. L.—2d, 6s.. 1901 107
Consol, sink, fd., 7b
1914
.
-•••«
Pennsylvania RR.—
Pa. Co.’s guar. 44s, 1st cp.. 1921 *106-4 1074
80
101
100
94
94
Kan. City A 8.—1st, 6s, g.1916
Ft. S. A V. B. Bg.—1st, 6s. 1910
St. L. K.ASo.Wn. —1st, 68.1916
Tex. A Pac.—1st, 6s
1905
1 st, 6s, ex coupon
944
*116
115
*110
113
122
1054 106
r
1919
1st, 6s, Pierce C. A O
Equipment, 7s
107
60
St.P.—lst,8s,P.D.’98
i.23
2d, 7 3-10s, P. D
1898 120
1st, 7s, $g., R. D
1902 129% 130
1st, La Crosse Division, 7s.. 1893 117 4
1st, 1. A D., 7s
1899 1184
130
1st, C. A M., 7s
1903 128
1908
1909
1910
1910
1907
1951
95
1014
Missouri Pacific—
Verd’s V. Ind. AW., 1st, 5s. 1926
Ler. A C’y Val A. L.,lst,5s.l926
St. Louis A San Francisco—
62
Consol., reg., 1st, 7s ......1900
Consol., reg., 2d, 7s
1903
108^8
Des Monfts A Fort D.—1st,4s. 1905
:
r
1909
Extern, 1st, 7s
119
1174 119
934
1898 115%
1908
Col. Trust, 5s
1907
C. Br. U. P.—F. c.,7s
1895
Atch. Col. A Pac—1st, 6s. 1905
Atch. J. Co. A W.—1st, 6s. 1905
Ut. So.—Gen., 7s
1909
1064
Indianap. D. A Spr.—
ICO
1024
1st, 7s, ex. fund, coupon —1906
Lake Erie A W’n—1st, g., 5s.. 1937 1034 104
Lake Shore A Mich. So.—
Cleve. P. A A.—7s
1892 *110
1334
1934
2d, 6s
Gold, 5s, coupon
Registered
130
Registered
1st. 7s, 1. A D. Ext.
137
1034
f
1897
1st, 6s
1st, 6s
Col. Trust, 6s
107
Spnngf. Div.—Coup.,..68, .
Middle Div.—Reg., 5s
1921
C. St. L. A N. O.—Ten. l.,7e 1897 *113
1st, consol., 7s
1897 114
Dub. A S. C.—2d Div., 7s ...1894
Ced. Falls A Minn.-lst, 7s.1907
94
Nebraska Extensicn 4s
I027
Chic. Burl. A No.—Deb. 6s
1896
Chi. R. Isl. A Pac.—6s, coup.. 1917
1st, 24s
1905
Extension, 4s
Keok. A Des M.—1st, 5s ....1923
Central of N. J.~
General mortg., 5s, reg
1987
102
133
lu4
90
116
1951
1898
1st, gold, 3%s
............
Ext. A Col., 5s
1920
.1908
1916
Han. A St. Jos.—Cons., 6s
1911
Hous. E. A W. Tex—1st, 7s...1898
994 Illinois Central—1st, gold, 4s.l951
11412
11412
11412
11412
10714
1334
Miss. R. Bridge—1st, s.f. 68.1912
***■*-*-»
1888
W.—Col. tr., 6sl922
Buff. A S. W.—Mortg. 6s.... 1908
Evan. A T. II.—1st, cons., 68.1921
Mt. Vernon—1st, 6s
1923
Evans. A Indian.—1st,cons...1926
1234
1903
(188), 7s.
1897
1919
1923
1920
Registered
99*2
Louis. & Mo. River—1st7s.. 1900
2d7s
..1900
St. L. Jacks.& Chic.—1st, 7s. 1894
1st, guar. (564), 7s
1894
2d mortg. (360), 7s
1898
2d,
1926
..1921
1920
Eureka Springs R’y, 1st, 6s, g.1933
Fl’t A P. Marq.—Mortg., 6a... 1920 r118
Grand Rap. A Ind.—Gen. 5s.. 1924
Cen.l’wa— Kast’n Div.,lst,6s 1912
Illinois Division—1st 68
1912
Cons, gold bonds
Cent. RR. A Banking Co., Ga.—
Ask,
Peoria A Pek U’n—1st, 6s.... 1921 *110
*
714
2d M., 44s
1921
Pacific RR.-Central Pacifio—
Gold bonds, 68
1895 116
Gold bonds, 6s...;
1896 116
Gold bonds, 6s
1897 116
Cal. A Oregon—1st, 6s —1888 102
Cal. A Oregon—Ser. B., 6.1892 *102%
1184 120
112
117
Mort. bond. 6s
1936 102%
110
105
West. Pacific—Bonds. 6s —1899 112%
112
118%
1144
No. Railway (Cal.)—1st, 6s. 1907
101
1014
Union Pac.—1st, 6s
1896 114
115
130
1314
N. Y. L. E. A
19<>9
Ced. Rap. I. F. & N., 1st 6s. 1920
1st
1
2d, extended, 5s
3d, extended, 44s
4th, extended. 5s
5th, 7s
1st, cons., fd. coup., 7s
Reorg., l«t lien, 6s
B. N. Y. A E.-lst, 7s
105
84
Bid.
I077g 109
7s... 1900 120 122
1930 105
6.... 1913
1st, cons., gold, 6s
Eliz. C. A N.—S.f., deb., 6s.
1st mortg., 6s
98
974
BONDS.
SECURITIES.
Ask.
Bid.
SECURITIES.
Ask.
Bid.
[Vol. XLV,
QUOTATIONS ON FRIDAY OF INACTIYE RAILROAD
BONDS—STOCK EXCHANGE
SECURITIES.
CHRONICLE.
1
THE
882
1902
1917
117
ioo"
100
80
g..l9l7
(Interest payable if earned.)
Atl. A Pac.—Cen. Div
■
25
1922
jCent. Iowra—Coup, debteertf’s
lEliz.City A Nor.-2d inc
1970
Ind’ap. Dec. A Spr.—2d inc.. 1906
L Trust receipts
Leh. A Wilkesb. Coal
1888
•Milw. Lake Sh. A W.—Income
Mobile A Ohio—2d pref. deben
3d pref. debentures
4tli pref. debentures
jN. Y. L. E. A West.—Inc., 6s..1977
1921
35
104
O4
iOhio Cent.—Min. Div.-Iuc. 7s
Ogdens. A L. Cham.- Income.1920
Shenandoah Valley—Inc. 6s.. 1923
Free List.
{Consol. Coal,
conv. 6s
1£97
Cumiierlai.d A Penn., 1st, 6s. 1891
j
11
2d, 6s
Tol
102%
16b8jT004
Erie A Piftsbugh Ry— Cons 7s. ’98 *112
883
THE CHRONICLE
1887. J1
December 31.
■
New York City Banks.—The following statement shows the
condition of the Associated Banks of New York City fox the
week ending December 24, 1887:
Average. Amount of—
Banks.
Loans and
$
10.2fi0.000
10.122,000
New York
'Manhattan Co
7,270,600
Merchants’
Mechanics*
8.151.000
10,3 61,800
3 067,000
America
Phenix
»
Fulton
Chemical
Merchants’ Exch.
Gallatin National.
Butchers’ A Drov.
Mechanics’ & Tra.
Greenwich
Leather Manuf’rs.
Seventh Ward
State of N. Y
Americ’n Exch’ge.
Chatham
Peoples’
:
North America.
8^5,000
iO.tOd 000
1.164,000
778.'•Ou
656 000
6,8 <5,600
6,739, ,00
1.543,800j
441.800
8,927.400
3,055,900
00!
1.754.700
179.600
689,000
410,000
138,200
0>2rt.2OO
670.600
21.526,000
705 100
3^9,600
381.100
428.400
lOt.COO
625.900
115.700
288.000
3.878.300
4 025,400
1.767.800
2,188.000
1,0.1,600
148.900
722.300
136.700
225,; 00
296.500
59.800
324.000
792.000
Irving
Citizens’
Nassau
Market
St. Nicholas
Shoe A Leather...
Corn Exchange...
Continental
Oriental
Importers’ A Trad.
Park
North River
East River
Fourth National..
Central National..
317,000
26:.000
505.600
608.500
2.050.000
215.800
373.700
18.418,6(0
17,489,700
3.626.400
5.017,900
lOo.g «>
1,306,800
187.900
3.900,606
1,055.100
8 <5.000
697.000
Second Natioi al..
3,110.000
Ninth National....
First National
Third Natnnal
N.Y. Nat. Exch...
4,947,000
1.242,000
19.993.900
4,55^.000
3,331,560
8i4,90"
185.600
55 ,500
1.327.600
2.421.600
2.092,100
2.599.500
N. Y. County
German-Americ’n.
Chase National....
410.400
1.438.600
691.700
158.200
197,- 00
3.416.300
2.340.900
2.4V8 900
3,706.w00
2.415.700
1.977,000
1.417.600
3.651.500
1.699.300
7,445 000
77,500'
4ui,u00
217.800;
192,7 00
316.500
1.862.400
587.800
455,000
7,812,800
1,150,000
422,800
4*44*6*66
45,000
159,300
Citizens’....
Clinton
Commercial.
Commonw’h.
Continental.
45,000
44,160
45,000
127,406
8,066.600
u
Deposits.* Circula’n. Agg.Cl’nge
$
9
9
Dec. 10 138.017,300
“
17 138.3OM.u00
S
9
8,513.700 3.275.500 104,330,800
8.433.90U 3,368,100 104.316.600
7,969.900 3.506,200 101.704.600
24 137,880,U00
%
7,6S4,700
7,309,800
87.336.177
37.196.652
7,118.300
73,423,122
Deposits.*
$
9
9
$
$
87,166.600
22.155.200
84.064,700
2.311,400
60,990,063
86.053,200
21,49
100
83,391.000
2.312 750
86,620,700
21.182.200
82,552.700
2.312 230
02,007,19 5
01,405,963
Loans.
Dec. 10
“
“
17
24
Mon’y
Agg.Cl’ngS
■Including the item “due to other banks.’’
Quotations in Boston. Philadelphia and Baltimore.
Following are quotations of active stocks and bonds. A
complete list is given in the Chronicle the first Saturday
of each month.
Bid.
SECURITIES.
ROHTON.
RAILROAD STOCKS.t
▲tcuiBun A Topeka
9434 95
167
Boston A Lowell
{156
210
Boston & Maine
243
Boston A Providence....
46
California Southern
21
20
Central of Massachusetts
40
Preferred
64
Chic. Burl. A Nortli’n....
3 -9
Cleveland A Canton.
26
25
Preferred
*113
114
Eastern
128
130
Preferred
Fitchburg, pref
Flint A
Pere
10
24
Marquette.
SECURITIES.
Ask.
27
Preferred
5 95*e 96
79
Ran. City Ft. 8. A Gulf.. 5
135
130
Preferred
K. C. Memph. A Birm.
53
Kan. C. spring!. A Mem.
Bid.
Fort Scott A G.—7s 5114
K.C. Memph. A Binn—5s
Ask.
X. C
K. City sp’d A Mem.—6s 5111
K.C. Clint. A Spring!.—5s
109
Little R. A Ft. 8.—17a...
10
97
109 *a
Louisv.Ev.ASt.L.—1st, 6s 101*4
61
2d mort., 2-6s..
Mar. H. A Ont.—1908, 6s, 5100
97 *3
65
1925,6s
Mexican Central—4s
I334
Income
*1*40*
Old Colony
Wisconsin
Lehigh Valley
17 **
Preferred
BONDS.
Atch. A Topeka— 1st, 7s.
Coll. Tiuar, 5s
Plain, 5s
Mortgage, 5s
Trust, 6s
Beet’rn, Mass.—6s,
Ex-dividend,
119
89 s4
88
5
new..
5121
t Per share.
Phil.,ass.pd.
Preferred
173
17
Central
115
119*4
90
106
5
10*3
8*3
65**
Little Schuylkill
Northern Central
62
Pennsylvania
54 *8
32 7a
59
Phila. A Reading
West Jersey
railroad bonds.
AQegh. Val.—7 3-1 Os. >90
7 ,E. ext., 1910
Ino. 7s, end., conn.. ’94.
$ Last price this week.
340
BANKS.
117
100%
......
99
75
41
18
80
42%.
......
Ask
Bid.
Vinth
'J. America,
-forth Riv’r.
Oriental....
P iCttiO
P*rk
12S
140
120
130
185
160
166
175
121
139
167
169
205
165
People’s.
168
St. Nicholas.
7th Ward... 115
225
Second
128
125
S-ioeALeath
StateofN.Y. 110*
Phird
Tradesmen’s 104
Tnlted Ht’es 210
148
1*5*6*
145
122
20
155
.
...
Paentx
tepublio
....
.....
Asa.
150
150
150
160
110
no
117
85
38
80
215
165
160
175
125
120
125
95
45
ICO
230
..
,
Home
Howard
Jefferson
....
Kings Co
...
Kniekerb’k
r
Liberty
Long Island
Lafajette...
Manuf’e.A B
Mechanics’ *
110
120
100
Mercantile..
Merchants’.
90
320
Kallroad
City
Ask.
145
115
200
60
no
125
130
15
no
180
78
90
90
75
115
71
60
80
Germania...
Globe
Greenwich..
Guardian
Hamilton
Hanover....
...
250
1< 0
and
Bid.
[COM PAN’S.
.>8
117
110
22
Metropolitan—Bonds
Mutual (N. Y.)
Bonds, 6s
N issau
(Bklyn.)
Scrip
Ask. |
Bid.
...
COMPAN’S.
158
122
‘.’15
60
120
135
140
60
120
200
83
100
100
Standard.... 102
85
70
125
85
70
100
Ask
Bid.
Montauk.... 80
140
Nassau
National ...H 90
N. Y. EquitJ 160
75
N. Y. Fire
150
Niagara
North River 90
160
Pacific
Pet’r Cooper 100
90
People’s
87
145
105
160
95
165
..
Phenix
Rutger’s
Sterling
IOO
180
170
100
10B
100
130
137
110
75>
125
no
United St’es 140
Westchester 140
wuunvnqhV. 260
Stuyvesant
blocks and
150
150
280
Bonds.
GAS COMPANIES.
102
55
103
P mule’s (Bklyn.)
.Williamsburg
| Bonds, 0s
7334 Metropolitan (Bklyn.)
vfnnicipal—Ronds, 7s
Municipal
Bends, 6s—I
Falton
114
88
100
96
95
*90
102
97
Equitable
Bonds, 6s
•M’dway A7th Av.— 8t’k..
1st mort., 5s, 1904
2d mort., 5s, 1914
B’way Surface lids... 1914
Bonds guar., 5s, 1905 ...
Brooklyn City—stock
1st mort., 5s, 1902
Hklyn. Crosstown—Stock.
1st mort., 7s. 1888
8ushw’k Av. (Bklnj—St'b
Central Crosstown—Stk..
6s, 1922
O >nt. Pk. N.A E. Riv.-Stk
Consol., 7s, 1902
Ohrist’ph ’ r Al Oth St-Stk.
Bonds, 7s, 1898
Dry Dk. E.B. A Bat’v—Stk
1st mort., 7s, 1893
1st mort.,
1034
10
96
"8*9 *
54^
33
24*u
Ask.
Bid.
61
114
111
80no
130
109
110
118
59
112
106
77
106
127
105
110
no
98
Broker, 145 Broadway.]
6s
Ei<hth A v.—stock
175
Scrip, 6s, 1914
42-.1 A Gr’nd St. F’ry—Stk
104
!
1st mort., 7s, 893
105*3
42d St. Mauli. A St. N.Ave
85
1st mort., 6s, 1910
80
2d mort., income, 6s
120
< oust. W.St.AP. F’y—Stk.
no
D. D. E. B. A B.—scrip,
28
114
26
ckerst.A Fnlt.F.—stk.
112
1st mort., 7s, 1900
102
103
75
70
116
106
160
102
150
150
116
78
120
125
111
150
no
1 PQ
105
155
160
120
81
121
130
113
152
'finth Ave
Second Av.—Stock
1st mort., 5«, 1910
Consol., 7s, 1888
107
160
no
104
155
108
200
112
210
117
41
36
109%
108
56
155
no
1< 6
108
105
60
-•-•••
112
108
110%
107
100
....
Sixth Av.—stock
let mori., 7s, 1890
Third Av —Stock
160
175.
no
220
Bonds, 7s, 1890
Twenty-third st—stock...
1st mor»., 7s, 1893
112*g
103
205
112
115
230
IOO210t
114
Unlisted Securities.—Quotations from both Exchangee:
securities.
Note Co
Char.—Stock..
67
20
122
PHILADELPHIA.
RAILROAD STOCKS. 1
Bat!. N.Y. A
144
mo
Brooklyn Gas-Light
50
Citizens’ Gas-Light
100
Bonds, 5s
73
Consolidated Gas
Jersey City A Hoboken... 160
Atlun, A
N Y. A N. Eng.—1st, 7s.. 121
1st raort., fc’s
2d mot t., 6s
5102 *3 163*11
95 *3
Southern Kansas—5s
.*
89
88
Texas Division—5s
80
7»
Incomes
90
Wiscon. Cent. -1st ser.5s
45
46
2d series, inc., 7s
*1*4*
m
140
(.as
Am. Bank
..
Mexican Central
N.Y. A N. Eng., pref
Northern
3500
.
Fire Asso’n.
80
Firemen’s...
German-Am. 300
8
Circula’n
1887.
..
[City RR. Quotations by H. L. Gbant,
Philadelphia Banks.—The totals have been as follows:
Lawful
no
7.Y. Nat.Ex 115
..
G at* COMPANIES.
Boslou GbhKs.—Following are the totals of the Boatonbanks:
L. T’nders.
.
.
134
.... -
240
Eagle
Empire City 90
Exchange... 95
no
Farragut
41,500
350,4( 9.500 70.332,8 Mi 26,665,200 351,846,400
Fulton National Bank in liquidation; no report.
Specie.
108
180,000
45,060
Loans.
...
City
2.714,500
3.73 *.400
1.594.300
4.293.300
2.090,0;)0
2.621,4 0
2.050.100
....
American...
180,000
3,042.300
2.998.100
2.700.900
Alliance
223,706
67*566
105
[Quotat
4.450.100
6.564.600
1887.
..
142*2
-
2L
7. Y. Countv 200
200
200
112
200
115
Greenwich
180
tanover
Ina. A Trad’s’ 337
143
Irving
Leather Mfs’ 190
danhattan.. 163
160
Market
164
Kechanics’
4’ohs’ATrs 140
•fereantile.. 147
iCercnants’. 140
4’rch’ts’Ex. 115
’fetropolit’n 18
150
Nassau.
210
Vew York
GUlatin
G irfteld
G <rm’n Am..
Germania.
177
168
Bid.
COMPAN’S
Bowery
Broadway...
Brooklyn
2,305.000
916)800
..
445.106
45.060
6.449.600
3,393.1 00
75.000;
Commerce
Continental.
Corn Exch...
^ast River..
11th Ward.
Fifth Ave...
First
F >urth
Falton
164
120
195
130
150
750
1550
141
150
75
5 Last price this week.
Ask.
300
5.405.200
1.119.200
2,660.. 00
2.636,*<10
166.400,
1st Inc., 5s, 1931
Ask.
173
Am. Exch... 140*2
Broadway... 257
Butchs’A Dr 160
130
Central
Hh ase
210
Chatham.... 212
Chemical.... 3100
138
Citizens’
986,100
37,500
1?.896.400
252.700,
82 ^
82
t Per share.
Bid.
BANKS.
81,000
180,000
45.000
39,600
45,000
Total
*
45,000
40,700
45,000
3.787.000
558.500!
342,800:
23.4 00,
227.100
775 8 00
237 700
2.156.300
977.000
311,000
2ds, f 8
3ds, 3-4s
1128, 114
....
3,379.000
5,229,000
4,672,000
17-167,800
2d pref
RAILROAD BONDS.
Baltimore A Ohio—4s
Cin. Wash. A Balt.—lsts.
111
111
Gen., 6s, g., coup., 1908
Gen., 7s, coup., 1908
Income, 7s, coup., 1896
City
12.229.700
2 825,000
3,130. v 00
2.801.300
3.497.700
1.70:,WOO
l,48O.70<»
69,300
7
42,200
45,000
2.581.200
3.272.400
173,400'
979.500
999,300
4.782.900
891.600
164.300
141.100
320.600
42,400
7.450.800
2,099.600
19,437 900
21,518 000
1.938.700
1,062 700
1,309.600:
303.600
13'»,800
187.000
232.800
77,‘ 00
412.700.
429.100
6.057.300
Fifth Avenue
German Exch’nge.
Germania
United States
Lincoln
Garfield
Fifth National
B’k of the Metrop.
West Side
Seaboard
;
Sixth National....
Western National.
899,100
2,771.500,
677 40»»
16,6( 3 600
7,486,000
Bowery
7,290.000
6.125,000
4.279.900
RAILROAD STOCKS.t
Baltimore A Ohio
Bank Htock Lint.
’*2*6*00
74*
*2*6
BALTIMORE.
4*38, Trust Loan
1
Perkiomen—1 st, 6s,cp.’87 i*03
Phil. A R.—1st,0s, 1910.. 124
2d, 7s, coup. A reg.,1893 111*2 112*2
129
Cons., 7s, coup., 1911..
Cons., 6b, g., I.R.C.1911 118
Imp., 6s, g., coup., 1897 102*2 104
Ex-dividend,
!■»
Ask
112
New York Local Securities.
24 5,900
307.000
233.900
75,500
i*2*l*
261,900
45.000
2.397.100
3,l»7.2i 0
1.909.600
3.117.000
i*3*i*‘
87,500
522.600
5.351.600
685,0<m
225.100
196.700
Leh.V.—1st,6s,C. A R.,’98 118
2d, 7s, reg.,1910
i 136
Cons. 6s, C.& R., 1923.J
*
378 900
461.600
2,83c,000
613.300
7*7,900
297.900
b43,200
251.100
611,000
2.045.200
96*606
532,300
557.900
405.100
112.300
414.800
905.000
423.100
366.000
262,000
2,685,509
1,320 900
3.244.700
13.631.000
10,912,300
1,109.70
444.200
1.247.200
45*000
1.054,600
104% Phila.& Read’g (Cont’d)—
97
Cons. 5s, 1st ser.,c.,1922
120
Cons. 5s, 2d ser.,c., 1933
130*2
Debenture oonp., 1893.
129
Deferred incomes, cp...
Cam. A Amb.—M., 6s, ’89
Col. AC. M.—1st,68.1914*
Penn a.—Gen., 8s,op.,1910
Cons., 6s, coup., 1905...I
Cons., 5s, reg., 1919
•
Bid.
SECURITIES.
....
45,000
8,644.100
2,143.700
19.196,300
3,3«'3,400
6.319.600
1.756.500
1,934,000
11.658.900
2,66('.< 00
2.699.300
Hanover
$
1.516.700
2.673.500
..
$
2,058.000
2.654.700
7,792 400
4,471,000
1.844.400
Republic
$
tion.
10,370,000
1,337,600!
732.700
3.378.100
15.321.000 3,463,<00
n.ni.eoo, 1,707.500
6.572.300 1 ,u73,>-00
7.580.700 1.410.200
Commerce
other
than U.S.
910.000
3.159,300!
Broadway
Mercantile
Pacific
lenders.
Circular
$
2,530.COO,
638.:
9.017,600
2,483,200
City
Tradesmen’s
Legal
Specie.
Discounts.
Net Deposits
Ask.
Bid.
SECURITIES.
Bid.
23
83
30
87
118
94
121
41
94
Chic. A Atl.—Ben., ir rec.
t hie. Gas Trust
Chic. Santa Fe A Cal. 5s.
.....
KeeJy Motor
Mex. Nat-Construct’n Co.
97
3
10
8
40
......
7V
8
| 41
90*a 91%
Pensacola A Atlantic....
1st mort
Fitts. A v* est. RR —Stoji
1st n ortirage
1 Postal Telegraph—1st, 6s.
1
1
'
39
6
93
33
74
25
90
»
| 30
•
1< 1
3
19
!
49
103-
15
24
40
Mich.
108*4
30
|
%
Pref
1st mort.
2d mort..
Incomes.
15
85
*75
10
20
Bid., Ask*.
Mexican National tr. rec.
1st mortgage, tr. rec...
New 1st 6s
Orange Belt 1st
5
70
5
SECURITIES.
100*y Newp. N. A Miss. Val ...
*7*8* ”””
26
N. Y. M. In. Ten—Stock.
43
| North. Pac.—Div. bomlf.. 105 ,100%,
Ocean Steam.Co.,1st guar. 103*a 105
6
39
Cont. Cons. Co. Tr. stock.
12
Den. A Rio Gr. W.—Sl’k.
9
Dul. S. Shore A At.— Stk.
23
Pret
Fdison Electric Light.... 180
2
Fla. R.y. A Nav. Co., pief.
16
Georgia Pac.—Stock.
107 34
1st 6s
47
2ds
Henderson Bridge—Stock
Kanawha A Ohio
1st pref
2d pref
1st 6s
Kan. City A Omaha
1st mort....
Ask.
•
|
|
%
80
45
6
I
I
7
95 %
91*3
,
8&,
THE CHRONICLE.
884
fVoi. XLY.
Latest
Jan. 1 to Latest
Earninys Reported.
ROADS.
Investment
Weel:orYLo\
1887.
1880.
1887.
$
$
.8
I
AND
j
104,797:
0,109;
Kingal’n A Pem. 2d wk Dec]
Knoxv. A Ohio .!October
Lake E. A West 3d wk Dee)
Lehigh A Ilud... jNovember.i
L. Rock A Mem 2d wk Dec
3,055;
October
Kentucky Cent
Railroad Intelligence.
...
Keokuk A West. 3d wk Dee!
contains a complete exhibit oj
the Funded Debt of S'ates and Cities u nd of the Stocks ami
Funds of Railroads and other Companies.
It is published
on the last Saturday of every other month—viz., January.
March, May, July, September and November, and is fur¬
nish (l without extra charge to all regular subscribers of the
Chronicle.
Extra copies are sold to subscribers of i/tt
Chronicle at 50 cents each, an l to others at <$1 per copy,
The Investors’ Supplement
RAILROAD EARNINGS.
3d
Lonisv. ANashv. 3d
Lou.N.A. A Chic.'3d
Lotiisv.N.O. AT. 3d
30,997
34,890
20.3(59
24,303
48,525
50.9(50
17.884
53,130
Septemb’r. ]
A: Mo Riv..
Louis.Ev. ASt.L.
6.777
1.347
45,304
33,981
14,403
20,512
53,592
Long Island. ...;3dwk Dee
Lou!"
92,201
24.735
322,080
22,080
wk Dec;
wk Dec;
wk Dec*
Lykcus Valley.. November.
Mar. Col. A No.. November.
Mar.IIough. AO. 3d wk Dee
Memphis AClias. 2d wk Dec
''Mexican Cent .‘3d wk Dec]
1886.
8
881,193
315,420
765.051
1,919.098
1,(558.753
300,290
213.274
15)8,035
810.121
725.159
2,949,885
3,188.o83
439,800
401,223
5)80,231
32,508 2.190.71(5
61,3361 2,109.313
|
2,989:
7,244
822.180
1,830,750
1,681,335
713.998]
57,569!
(5,019 1,017.435;
972.078
45,075; 1,051.081' 1,355,773
105.420! 4,073,985] 3,69(5,670
144,022] 1,599.000 r,588,323
12.308
51,047
110,500
*Mex. N. (all Ins)1 November.]
Mil.L.Sh.AWest ,3d wk Dec
DAe.
301,605] to,5(53.(528 13,(501,0(59
37,524
70,957
wk Dec
~
155.830
45,370
37,300;
3,120.898!
2,271,757
942.03(5
631.044
13.381,
Milwaukee A.No. 3d wk Doc
17,595
Minneap. A St. L. October ...
14(5,017 150,911 1,217,290 1,238,581
10,358
Min.St.Ste.M AA October
22,084
15,213 1,459,092
507,924
M inn.A No. West. 3d wk Dee
31.681
22.114
Miss. A Tcim
i2 Nvks Dee
31.(501
471.396! 404,564
254,781 2,2 13,050j 1,937,435
Mobile A Ohio
271,281
November.
Nash. Oh. ASt.L. November.
259,(525 213,7(59] 2,780.135. 2,170,826
077,102:
84,945
674,202
New Brunswick. October
8(5,5)74
N.Y. Celt. A II. R. November. 3,25(5,304 2,885,832 33,007.003 29,705,953
12,4731
441,0(511
419,243
N. Y. City A No
i Wk. Oct. 8
11,358
eX.Y. Jr. E. A W 1 November. 2,183,249 2,048,513';22,131,300 21.017.360
N.Y. A New Eng. October ..
4(59.883 459,509 3,572.583] 3.306,154
21,410 1,511,1(52' 1,302,514
N.Y. Out. A W... 3d wk Dee
25,505
36,(5231
317,988
389,(507]
N.Y. Phil.ANorf. KeptembT.
43,574
107,735] 1,259,53(5 1,01 (5,894
N.Y. Bus. A W.. November.
129,904
(54,453 1,139,12(5! 3,173,988
Norfolk A West 3d wk Dee
84,408
57,471
151,(563
447,549
N’theastrn (8.C.),Oetober...
55,108
Northern Cent’l. November.
512,158 493,150 5,722.641 5,016,809
191,1 U. 13,520,679 12,068,911
Northern Pac:itic 3d wk Dec
201,525
79,120; 4,057,202) 3,767,299
Ohio A Miss
'3d wk Dec
89,215
191,012
Ohio River
3d wk Dec
8,283
4,453]
323,217
475,918
59,982;
532,771
(50,153
Ohio Southern
November.
31,(532
Omaha A St. E
SeptembT I
Septeinb’r
30,031
Oregon Imp. Co. October.
October . | 431,815) 303,983! 3,403.250 2,418,724
November.
Oreg. 1L AN.Co November.
(513,488 518,000| 1,819,839 4,5)41,810
.
...
Latest Dates.—The latest railroad earn¬
ings and the totals from Jan. 1 to latest date are given below
for all the railroad companies from whom reports can be ob¬
Gross Earnings lo
..
..
..
tained.
Latest
Earninys Reported.
Roads.
]\'eel:
<))•
1887.
Mo\
188(5.
Jan
I to Latest Date.
1887.
i
188(5.
-
A teh. T. A S.
192,(579
October...:
November.-
Allegheny Val.
15
Atlanta A Char.
Atlantic A Pac..
Balt. A Potomac
Beech Crock
Brunsw'k A West
BuiLN.Y. A Phil
Buft'.Roch.A Pitt
153,891
October. !
3d wk Dee'
November.,
November.!
5^,530
1 28,S 1(5
i;
2S.100
si .si
Septemb’r.;
52.200
3d w k Dee
3d wk Dec.;
•1 1
,300;
(53,917:
Bur.C.Ilap.A No.;lst wk Dec;
Cairo V. & Chic. -3d wk Dec
Cal. Southern.
2d wk Dec;
15.1901
4 2,234!
3 1,(51 S
.
JCamdcn A Atl’c
173.598
Xovcmlicr.!
2(51,000;
2(5,959;
2(5,959!
57,173
57,173;
112<5.209|
20,2091
139,897 i
130,897(
Canadian Pacific,3d wk Dec!
Cp.FTAYad.Val November.,
1
17,038,
41,21 1
1 is, 102;
,
...
..
.
...
.
.
......
Pennsylvania.
..
Vvnn.’f'onipanif.
November.]4,735,154
1,3 17,2187)0,778,319 15,950,852
No. West. sys.
So. West. sys..
Septemb’r jl,742,095 1,452,805 13,178,102 11,230,602
219,917
205,883
Peoria Dee. A Ev.
Petersburg
Phi hi. A Erie
(Phila. A ltead’g.
Coal A iron Co.
787.782
198,000 11,237,135
5(59,198
9,75)1,702
31 .SI (I:
21,10s:
7 12-,2.88
1,39 1,352
(11 1,920
.;
0,411,387
1,219,871
8.(52(5,371
5,900, sjw
1,19(5,Sss
7,725),723
9,857,512
8,79!),022
403.25)5
3!)2.507
1,100,271 3,755,8(57
850,084
89.,858! 1,001,(59 2
178,983 1,795,182
493,122
75,579,
1,51(5,150
Ches.O. AS. W...November.! 205.777;
Cheshire
jSeptemb’r
73,9(51 j
408,808
7,(574;
(5,<57(5.
i
Ches. & Lenoir.. October...!
Chic. A: Alton... Seplemb'r
8 4 2,0(521 777.111 (5,189,535 5,7.5(5,1(50
Chie. A Atlantic 3d wk Dee|
11,902 , 2,131.531 1,(517,I ts
1(5,0(52
Chic. Burl. A-No. October
i 192,888!
j 1,979,301
Chic. Burl. A Q
October
2,77 1.922 2,770,77 1 •23,0(55,857-22,103,(537
Chic. A East. ill. 3d wk Dee
1(5,211!. 13.799 2,011,301 1,711,280
Chic. A Ind. Coal 3d wk Dec!
11,188
101,797
1,810
Chic. Mil. A St. P. 3d wk Dec
591,000! .189,137 21,5(5(5, L07 23,‘>75,999
Chic. A N’thw’n. November. 2,050,190 2,302,(509 2 1,!)!!), 1(53 23,171,291
01.231
<52,128
,131|
Chic. A Oh. Kiv. No\ember.
5,1(50;
Chic. St.L.APitts November.!
191,217, 430.2021 5,281,753 4,372,85)2
10.8 15;
7,0 13 j
Chic.St.P. AK.C. ltliwk Nov,
Chic.St.l’.M.AO. November.! 718,5)33; 030,122; (5,3 1 1,01*8 5,;* 89,7(i7
1,372,018 1,350,3 17
21,(5(51
Chic. A W. Mich. 3d wk Dee!
21,05 tj
301.2 11;
Cin. Ham. A D. Septemb’r. j
281,9 IT) 2,153,209: 2,157,5)8(5
<51,12!) 2.144.135 2,354,5s (5
1 thwk Novj
Oiu.Ind.St.L.AX
(52.0301
393,1 7 1
1(5,254:
10,5)31 !
Cin.Jack. A Mae. 2 wks Dec
455),023;
5(5,05)0' 3,271,7* >0 2,771,(58 1
(51, SOIL
Cin. N. O. AT. P. 3d wk Dee
Ala.Gt.South. 3d wk Dee!
31,1(53
3(>,803‘ 1,517.295:: -1,1(59,13(5
078.390
(531,390
N. Orl. A N. E 3d wk Dec!
1(5.373!
19,309!
45)9,515)
537,250
15,2 15;
Vicksh. A. Mer. 3d wk Dec!
13,131!
191,380
587,5.85
19.05)0:
Vicks. Sh. A P (3d wk Dec'
15,325);
11 l.KK):
1 10,55)7: 0.592,25)2, 5*5(59,139
Erlanger Syst ,3d wk Dec
372.215
7,1 / (»'
8,192!
Cin.liich.Al't.V. 3d nvIc Dec
102,(578,
1,028,202
101,135!
Cm. A Hpring’d November.,
9(5,907* 1,082,191
10,5)88! 2,151.552 1,917,17s
4 2.217;
0in.\Vash.AI>alt.,3d wk Dee
511,14 3
535,321 i
Clev.Akron ACol 2d wk Dee
9,587]
10,75)1,
327.715)
315.101
Clev. A Canton
November.
31,292
33,082
Clev.Col.C.A lnd November.;
121,137; 3 1,123, 4,199,710] 3,801,055)
200,291
29 9,795),
Clcv. A Marietta;3d wk Dec!
0,019
5,158
Conur d’Alene... (November.!
18,73(5;
Col. A Cin. Mid 3d wk Dec!
0,5)02
323,811:
310,
(5,25)0!
Col.Hock. V. A T. ;3d N\ k Dec1
58,732 2.(5 17,071
2,275,532
51,157;
I>env. A Rio Or j3d wk Dec; 1 (55,000
11(5,588! 7,718,78(5 (5,512,(528
Denv. A It. G. W. 3d wk Dec.
20,000;
19,275] 1,112, 133 1,022,725
135,571!
217,475
28,807:
31,0001
Det.Bay (\AAlp. November.;
Dct.Lans’gA No.]3d wk Dee!
20,093,
1,115,503 1,189,109
,1(5,330!
1 5.215)
Pet.Mack.A Mar. 3d wk Dee
1,1351
283,007
101,(51 1
F.Tenn.Va.AGa.j2d wk Dee! 117,3421
5)1.055] 5.037,213 4.038,101
1.37 P
Evans.A Ind’plis.jd wk Dec;
3,5)03]
228,519 ' 15)1,332
Evansv. A T. II '3d wk Dee;
17,2 17!
15,7(51!
819,(504!
713,800
4 0,58(5; 2. 195,077] 2,09 1,5)9 1
Flint A P. Marq. dd wk Dee!
45,2951
Fla. R.ANav.(’o.;2d wk Dec!
27.050
28,890!
1.007.57!)] 5)02,133
1 5,700 j
Ft.W.A Den.('it\(3d wk Dec;
43(5,045
10,5)2(5]
702,085)
32,28 1!
Georgia Pacific 2d wk Dec!
25,(522] 1,193,759
791,150
Or. Itap. A ImL.idd wk Dec;
15,7(55)1 2,25)1.832] 2.033,121
33,83 1
Grand Trunk
3 11.53(2
3(50,831 j 17.103.73,8 10,1 10,277
; Wk.Dec. 17
37. 180
39.2 13!
279.279
38(5.590,
On.Bay W.ASt.PjOrtober ... j
Gulf Col. A S. Fe. November.; 387,209] 280,313! 2.572,007 2.039,525
lions. A Tex. Ceil, :1st wk Dee!
59,937!
85,520 2,(590,051
2,71 1,71 1
H umest'n AShenjOctober
13,(01:
130.2(50
!
128,0-R)]
1(5,727;
HI.Cell. (111.A So) November.; 1,108,8 O 1,038,55)5) 10,(589,30 1 9,063.406
CedarF.A Min.'November.;
159,12(5
10,51(>i
15,S‘>2'
100,872]
Pub. A Sion x C.: November.
82,235]
81,855*
705,2511 80S,57 s
570.245)
la. Falls A S. (’. j November.*
025,525;
07,12s
5 1 ,s 13*
Tad. Bloom.AW.,3d wk Dec'
53,5X51]
54.7301 2,558,58(5: 2,489.271
lnd. Ill. A Iowa jOctober
j
18,500:
11.0221 170,215); 100.380
381, (’91;
387,801
lnd. Pee. A Spr ‘November.
33,25)8 ]
42,5111
Iml. A St. Louis 3d wk Dec!
38,272 2,14 1,758] 1,825.8 83
11.587;
Jack. T. A K. W. [October
213,835
3(50,081
1
28.438!
29.380
K.C.Ft.S.AGulf. 2d wk Dee
49,SID
ls,(504! 2.(500,112! 2,4'*3.055
Kan. 0. Sp. A M. 2d wk Dee
37,737|
37,098i 1,937,891! 1,407,5)04
Kan. C. Cl. A Sp 2d wk Dec1
220.008
t.OOlJ 2 18.283
4.430!
..
...
038,191
093.707
15,(511
22,1(52:
November,' 112,123! 35s.551
09,573{
!) 10,499
1,532,172
53,9(511
...
Eliz.Lex. AB.S. November.
1,0(51,210
2,55 s, 050
1,32(5,319 1,235,01!)
(589,170
551,230
251,589
13,3*00 2,7 10,251 2,5*07,319
31.1 12
1,010,705 1,101,122
7(5.101, 2.701,501; 2,702,(53 1
Carolina Cent.. November. ■
50.9(52:
Central of (la... 3d wk Deo!
100,005'
Central Iowa
'November.!
123,815!
Ceutra! ol'N.J ]Septemb’r. 1,0-12,120; L,095,503,
Central Pacific WptembT., 1,340,851; 1,11 (5,3(571
Central of S. (J. October... i
10,213; - 10,385
Charlest’n A Sav October
1',923
11,281!
Cl i C r*iw A Dari October...;
10,9(58;
11,2.33
Che-sap. A* Ohio.
1,070.230' 1,195,308
L,<51(5,3lOj 1,710,55 l, 1(5,05 1,(511 11,155,577
Septemb’r. 1,274,380 1,145,353 10,338.37(5
17,373
831,015
17,37*>
3*1 wk Deci
326,276
28,300
November.
31,404
8,595,016
326,177
371,5211 3,310,570 3,0(59,283
368,611)
October... 2.08 5,75)1 1,961, (57(5 1 8,089,3 22 1(5,156,017
October... .2,321.204 1,735.217 15,8(50.486 12.(513,692
Tot.both Co’s- October
4,40(5,99(5 3,(59(5,891 3:5,919.808 28,709,709
37,875)
33,8(57 1,5)89,520 1,551,322
Pitts. A WcstTn 3d wk Dec
257,413
266,251
35,2011
30,(559
PTtRoyal AAtig. October ...
37,718
Pt. R’nl A W.Car. October ...i
30,(570;
RAW. P. Ter. Co115.387
421,97l] 1.020,814 3,720,077
Rich. A Danv. November.
14 1.256
137,087; 1.519,2 1 5 1,445,817
Ya. Mid. Div.. November.;
71(5.139
78 1,5s 11
93,(575
85,1(51
C. C. A A. Div. November.;
555,131
72,740
(5.8,050i
C'ol. A- <0*. Div. November.
501.(55(5;
493,800
630,210
50,535
West N.C. Div. November.}
48.277]
10,5X)0
8,(!()();
W. (>. A N. Div. November.
(5(5.813
38,218
4,100!
5),000
Ash. AS]). Div. November. ;
178.200 8,068.306: 7,437,9(54
Total all
3d wk Dee] 210,<H)()
21 0,58 11
193,452
20.175
17,332;
Rich.A.PetiTsbg. November.;
25)9,313; 2,672,19(5 2,395,774
315,5)5)1
Rome W. A Og
October
38,272! 2,1H,758: 1,825.983
11,587
PBt.L.Alt. AT.II. 3d wk Den
22,(553 ;
20,5)10
Branches
3d wk Dee1
5)25),193' 778,564
53,107! 2,(505,352 1,742.112
St. L. Ark. A Tex 3d wk Dec
(58,132)
115), 837;
102,774i (5,03(5,153 4,(582,151
St.L. A San Fran. 3d wk Dec]
25,700! 1.650,8 1S 1,519,534
St.Paul A Duluth 3d wk Dee
33,8(511
810,514 7,839,9(53 6,727,178
St. P.M in. A Mail. November.; 1,1(59,84 3
500.76(5
25,1841
75,919
S. A n t. A A r. Pa ss. N o ve 1 n b er.
75,8021
655,500!
561,803
October...
65,(517]
Scioto Valley
73,si 1;
Seab’rd A Roan November.
71,45)5);
686,339
71.053
•827,821
84.000
Shenandoah Val November.
113,609: 1,091,194] 1,022,630
November.
South Carolina
119,(571
So. Pacific Co.— 1
220,236 2,711,098 2,140,818
355,5 40
Gal.Hsir.A8.A. October...
521,268
G'89,03 Ll
52,01 11
81,198
Louis’a West
October...
55 1.1 15
Morgan's EAT. October...
398,345]’ 3.508,94 3' 3,297,362
128.989
17,729
111,833;
16,633
N. Y.T. A Mex. October
801,097
8(5,785: 1,(> 10,016,
122,125 i
Tex. A N. Orl.. October
1,129,(511; 775,106; 8,121.034 6,889,535
Athrn’e system October
Paeilic system October ..]2,009,820 2,200,70(5|22.055,120
Total of sill.. October
3,799,131 2,975,812 30,176,158 26,301,971
So. Pac. RR.
181.131' 1,281,620 1,164,880
No. Div. (Cal.) Septeinb’r.
157,04 0
So. Div. (Cal.) Septemb’r
25(5,059] 318,4 21! 2,927.1 S3 2,397,923
Arizona Div
Septemb’r.
122,173] 113,183! 1,209,191 1,133,856
501,110
New Mex. Div Septemb’r.
00,1 02
49,201}
510,178
(53,929
9.51 (K
59.205
9.10l!
Spar. U11. A Col ‘October ...
743,776
50,185'
802.0(56
Staten ls.Rap.Tr November.
628,716
J 1^232,755
Summit Branch November.
147,060
169,421 5,970.178 5,802.470
Texas A Pacific 3d wk Dec
3(55.767
10,180
51 1,828
10.(553
Tol.A.A.A N.M’li 3d wk Dec
808,496
20,301: 1,016.171
Tol. A Ohio Cent. 3d wk Dec.
-23,9(53
834,402
20,311
913,316
Tol. P. A West
20,072'
2d wk Dec1
Eldon Pacific ....October.. |2,934.4(5(5 2,755,154 23,71(5,309 21,585,212
570,977
601,160
(51,106
56.793 j
VitUeyof Ohio.. Nov'ember.
Wab. Western... 3d wk Dec]
112,0381 121,801 6,3 1 (5.S.V7 5,432,731
079.7531 652,020 5,7(53.9 11 5,620,129
Walt., E. of Miss October...
t)5,154 i 1.370.320 1,268,891
98,959
;Wcst Jersey.... November.
73,1151
601.218!
550,461
81,057
Wil. Col. A Aug October...
15.87(5
11,316'
721,5 1 0
5(38,933
Wheeling A L. E. 3d wk Dec
30,133, 2,05(5.4s.51 1,504,889
Wisconsin CeiitT3d wk Dec
35,738]
642,5531
9.916
(5,96(5;
(-hie. Wis. A: M. 3d wk Dec
286.351
500,5591
M in. St.C. A W. 3d wk Dec]
8.208;
7.855;
6151
Penokcc. Mr.. 3d wk Dec]
190,2*72
288,189]
•1,928]
Wis. A Minn.. 3d wk Dec!
5,124
October...
1
.
...
19.415,436
...
..
51,500j
...
..
* Mexican currency.
deducting earnings paid over to leased road.s operated on a
centage basis.
l And branches.
e
After
tNot including Central of-N. J. in
either
per¬
year.
^ Including lnd. A St. Louis.
Latest
Gross
earnings in the foregoing table are
below.
weekly
separately summed up
Earnings by Weeks.—The latest
7
885
THE CHRONICLE.
31. 1887, j
Decembek
,—Jan. 1 to Nor. 30.
November.
1887.
1886.
-
continue v^ry satispactory, and for the third
week of the mouth the 06 roads reporting show a gain of
12*78 per cent over the same week in 1880. Seventeen roads
The returns
have
decreases.-
,
71,409
Seaboard A Roanoke.Gross.
34,581
Net...
1
Gross.
f Summit Branch
Net...
3d week
Cairo Viu. A Chic
Canadian Pacific
Central of Georgia
C^li iea tfo A* A f h i nt ic
Midi
...
O. A Texas Pac
Alabama Ct. Southern
New Orleans A N. 10...
Vicksburg A Meridian
Vicksburg 8hivv. A Pac
Cin. Rich. A F. W
Cin. Wash. A. Balt
Cleveland A Marietta —
Col. A Cin. Midland
Col. Ilock. Val. A Tol
Den. A Rio Grande.
Denver A R. Grande West
Detroit La ns. A North...
Detroit Mack. A Marq ...
Evansville A I ml
Evansville A T. 11
13,1(57
.......
124
15,(5 Li
198,000
109,995
66,000
In,21 4
46.062!
46,211
41,9(52
43,799
4,8 If.
4.100
2.112
(5,372
501,000
489,137
101,863
|
98,959
13,(502
West. X Y. A Penn.. Gross.
Net
233,575
5(5,090
30,80.)
8,192:
I
42,247
40,088;
1,250,
6,0401
6.200
51.1 r 7 i
5,15s
801
....
10,2751
725!
20,003 •
4.135!
!
3,003!
1.-186'
45.2 5
lo,5S{..
10,0*26:
4,700)
53,502
4 8,525
116,500
45,370
1 7 ,505 5
105,4201
31,3601
8,010
31,68 t
15,21 3
22,653)
53,407
102,774
112,038
121,801
'
Not.
5,424
4,425,969
3,921,470)
.
(Vntrai off h-orgia
1,743
1887.
$
1.
r-J al II 1 to Nor. 30.—s
1886.
1XS7.
'
1886.
$
$
(571.834
59,074
75,360
793,tie 1
26(5,525
7,‘j::5,:.93
3,(55 8,5.89
6.112,629
,98s
1.299.90(5
719,217
105,170
$
743.227
342,902
22,361
i
West.
-Sept. 1 to Nor. 30
1887.
$
$
2,38 -1,170
1,104,01 1
317,390
N. Y. L.
E.
4.560!
5,605!
2.950
<
I
353
”*496!
a
After
deducting
percentage
basis.
—
Get. 1 to ,Yor. 30.—s
1886.
1887.
436,159
2,250,521
836,623
1,691,224
1,820 280
031,015
1,388,195
1,112,4 28
494
Gross. 2 .390.398
814,239
Not...
607,090
.
$
2,089,736
1,007,698
493,628
101,5(58
4.940.400
1,83(5,137
20(5,938
32,997
Net.
—s
1886.
1
.
233,575
Gross.
Net...
N.
51,586,4 18
272,3 i 9
70 1,259
—November.
1887.
1886.
277,165
1.
’
/
180,652
9- 19,1(5(5
•,
BEGINNING OCTOBER
YEAR
,0(53 j
$
193,861
175.10s
N< vem ber.
188(5.
1S87.
Not...
$
77,293
BE( .INNING SEPTEMBER
(5 ross.
—.
1886.
129.1 18
57,302
Roads.
April 1 to Nov. 30
191 023
1 si
.G ross.
Not
:
9,763
1,3161
6,Of 6;
8,208 j
4,028
7,855
Chariot*
(' ri >ns.
EAR
3,(562
!
30,1.33!
0,016
i
Not...
.
8,161!
20,301
1
We«
.—
OcjJ 80
21..,6 18
! .6 10. i 10
Gross
90 1,817
Not...
4.012
i
1.
17,9861} 161,150
3(5,909
45,(572
]
Gross.
,
473
303,3 U)
.V- vember.
0.7.5!
<
1,350,471
6«.j3,475
$
$
.
Pittsburg A Wed..
*14,7251
1
1.56-1,780
48,778
EAR BEGINNING JEEY
3,830
lo.isoj
15,s7(>
35,738
1
i
Mem. A
(5,31.51
33,861
147,060
10,653
23,063
1
Den. A R. (5.
31,800)
25,700
160.421
N«-l...
1886.
$
179,788
$
Road.
38.272
$
18,73(5
1 1 ,15*3
.Gross.
iss7.
178,200
1887.
$
BEGINNING APRIL
Roads.
Coeur d'Alene.
70,3811
*>
202.795
91,729
ross.
Net...
16,471)
4,4531
68,132
11 {>,837
ake Erie A Wede iv.G
,
4.005
10.055
1,503,269
r-Feb. 1 to Oct. 31.—,
.
1886.
$
4,21 li
13.38 1;
5,620.129
FEBRUARY 1.
October.
I8s7.
5,0(51
6,851
1 7,475
5,01(5
6,621
6,340
1 1,080
20,010
..
10.205
2,234
$
766,826
268,660
fq.ent for improvement of track and equipment in Octo¬
charged to expenses, was $55,407 in excess of 1886.
November.
.
1887.
1886.
012
,587
2 20,(598
I l.AR
”’*308
4 l
176,920
330,384
5,763,941
1,870,974
,
3.763
1
17,373
33,867 j
652.020
Road.
34,806!
64,453!
101,141
70,420
33,482
(579,753
672
6,460!
33,084!
21.41
Net...
.Gross.
YEAR BEGINNING
6,035
51,7301
32,508
6 1,330 i
6,010 j'
1X87. and
4,774
45,760!
360,831
17,8s V
1,605
905,119
Tin* amount
ber,
6,781
-171!
15,761
30
+
$
$
90,(574
Net...
18,412
17 ,247
o
St.L. Alt. A T. II. Broils.. |
8t. Louis Ark. A Texas...
St. Louis A 8ali Fran
St. Paul A Duluth
Texas A Pacific.
.5 j
Toledo Ann A. A No. Mich !
Toledo A Ohio Central
j
Wabash Western
;
716
-—Jan. 1 to Oct. 31.—*
1886.
1887.
>
1886.
112.(535
53.476
Eli/. Lex. A B. Sand v .G r< »ss.
409.412
mining operations.
-October.
1887.
$
Wabash Rail wav....
$
546,374
494
1 Covers only coal and
operated.
1886.
$
1,232,755
628,716
120,825
8,644
713,008
(lef. 103,903def. 98,030
95,154 1,370,320 1,268.891
49(5,027
487,519
20,07(5
206,938 2.579,154 2,378,519
32,997
7,575
16,330
11,210*
7, S 7; >
210,000
Pittsburg A Western
Rich. A D. (A leased lilies).
‘8LL.Alt.AT. Jl.,M. Lind
p.
19,0901
146,588!
17,375
Peoria Dec. A Evans
Wisconsin Central
Chic, Wis. A M
Minn. St. C. A W
Wis. A Min
........!
165,0001
20,0001
80.215
8,2 s3
Wheeling A Lake Erie
15,215
2,99(5
2,1 14
3. / (51
^
25,505
84.40S
261,5*25
Mississippi
....
58,732;
12,3681
Ohio River
8,71 1
3,660
6.902
24,735!
322,080
37,524
70,057 i
...
...
19,369
6,77.
Net...
..
All lines
607
21.6(5]
53,061
Net...
A Brs...Gross.
West Jersey
Roads.
21.054
311,536!
Gross.
I.ykens Valley
—
64,804
34,463
16,373
13,131
15,320
7,476
15,700
38,834
Grand Rapids A lnd
Grand Trunk of Canada.
Ind, Bloom. A West
Keokuk A Western
Lake Erie A Western
Long Island
Louisv. Evansv. A St. L..
Louisville A Nashville
Louisville N. All). A Chie.
Louisv. N. O. A Tex
Marquette. Hough. A Out.
Mexican Central
Milwaukee L. Sh. A West.
Milwaukee A Northern..
Minnesota A Northwest..
New York Out. A West...
Norfolk A Western
Northern Pacific
*
31.142
4,374
Flint A Pero Marquette
Fort Worth A Deny. City
Total (86 roads)
Net increase (12*78
43.300
17,31(5
8,900
15,400
264,000
126,2001
11,18-
Cin. N.
c-
t
$
$
■
CliicagoYfe East Ill;
Chicago'**; lnd. Coal
Chicago Mil. A 8t. Paul.
Ohio A
Decrease.
| Tncrease
$
41,214!
$
58,530;
52.200 i
4-1,300 j
Atlantic A Pacific
Buffalo N. Y & Pliila
Buffalo Koch. A Pittsburg.
Chicago A West
18S6.
1887.
of December.
1887,
$
73,814
41,077
$
Roads.
proportions due to leased line
37,386
which are worked on
)
585,497)
ANNUAL REPORTS.
83,998
501,10O-
<-.).
Fitchburg
Including Indianapolis A St. Louis.
Railroad Company.
(For the year ending September 30, 1887J
Monthly to Latest Dates.—'The tables follow
The annual report just cut states that, owing to the largo
mg show the latest net earnings reported this week, the additions to the property of the company duiing the year just
returns for each road being published here as soon as received, closed,
it is impossible to make very satisfacto*y comparisons
but not kept standing from week to week.
The first state¬ of the details of business between the last two years.
Net Earnings
roads for the latest month and from Janu¬
ment includes all
ary 1,1887; following that we give the totals lor the fiscal
year on those companies whose fiscal year does not correspond
with the calendar Year.
1.
YEAR BEGINNING JANUARY
.
Roads.
Balt. A Potomac
...(truss.
Net.
..
Cam. A A11. A Brs
Carolina Central
..
..
..
$
128,816
$
118,192
45,344
13,547
31,810
G n iss.
31,618
Net... def. 7,475
Gross.
Net...
Central of Georgia ..Gross.
Net...
Clev. C. C. A I
.Y or ember.
1886.
1^87.
Gross
Net
..
Hen. A R. G. West ...Gross.
.
•Jan. 1 to Nor. 30.
1S87.
1886.
it?
1.235.019
1,920
569,4 98
114,878
138,036
0,042,528
317,390 2,116,190
374,123 4,199.716
170,784 1,645,321
101,150 1,079.383
320.186
45,072
611,375
52,470
30,2(59
272,699
247,738 2,715,531
896,110
91,422
175,408 1,550,196
75,360
365,354
5,580.8(58
1.7(55,8 19
1,588,955
5,722.041
1,200,13(5
5,01(5,809
1,7(58,44 1
def. 3,072
50,962
57,173
6 1
743.227
3 12,902
424,437
181,445
117.986
483,019
this company has taken pos¬
Railroad and Ilocsac Tunnel, in
accordance with the articles of consolidation, has become con¬
solidated with the Troy & Boston Railroad Company, and has
acquired by purchase the B ston Hoosac Tunnel & Western
Railway, thus completing rs line from Boston to the Hudson
River and the great trunk lines of the West.
We have
also acquired the entire real estate and property of the
Hoosac Tunnel Dock & Elevator Company.
Freight for
foreign ports from the trunk lines is now delivered to ocean
steameis here without paying toll or tribute to any other com—
P
perfected the line of railroad which we have
to obtain, it seems proper to in¬
the chajacterisu'cs of the prop¬
acquired. The distance from Boston to
Troy over this line is fifteen miles sh rter than by any other
route ; to Albany it is three mih s shorter, and by means of our
“Having thus
24,002
704,259
17,020
$
1,326.3 19
501,8 13
<<
Since the last annual report
session of the Troy & Greenfield
3,801,(559
1,437,482
961,400
322,068
been striving for so many years
form our stockholders of some of
erty which they have
connections it- is about twenty miles the shortest to
points West, Ch cago, etc. Conneclions are made
I s(),980
Net...
with all the Hunk lines running thiough the State of New
*Gr. Rapids A Ind’a..Gross.
2,287,(510
249,813
YonTto ihe West, and with the West Shore, Delaware & Hud¬
7(59,748
Net...
61,023
son Canal Company, New Yoik Lake Erie & Western, Dela¬
1,2(56,841
Memphis A Char
Gross.
191,023
ware Lackawanna & Western and Lehigh Valley railroads
4 1 2,925
Net
59,674
we are now doing a large through business; while our inter ¬
N. Y. L.E. A West
Gross.§2,183.2 19 2,018,513 22,434,301 21,017,360
Net..
607.090 ' 634,615 6,235,711 5,721,095
change of traffic with our Iriends in the North, the Cheshire
Norfolk A Western...Gross.
and Central Vermont and its connections, remains undis¬
410,211
337,709 3,818,36(5 2,984,721
Net
..
Fort Worth A D. C. ..Gross.
36,909
73,107
30,282
..
•'
399,230
West Shore
Buffalo and
.
Northern Central
Net...
178.392
132,(593
Gross.
Net
542,158
493.150
197,926
..
Northern Pacific..;.
102.177
1,883,(573
1.610,140 1,299,906 12,672.547 11,429,887
749,247 5,573,294 5,750,004
‘104,817
Gross. 4,735,154 4.347,218 50,778,349 45,950,852
.Gross.
Net...
Pennsylvania
Net
..
1,350,190 1,52(5,721 17,202,833 1(5,3(51,300
turbed.”
*
*
responsible parties for the
capacity, to be com¬
pleted May 1, 1888—a measure which appealed to be ab oluteJy necessary to prevent a r iversion of trade trorn Boston and
“A ccn'ract has been made with
erection of an elevator of 450,000 bushels
frem its direct route
with the West.”
THE CHRONICLE.
886
“The double track of the Vermont &
EARNINGS AND EXPEN8ES.
Massachusetts Railroad
opened early in the year to Greenfield. At the time of
writing this report (November, 1887), the double track on mun
line (by combination of the old tracks of Troy & Boston and
Boston Hoosac Tunnel & Western railroads; now extends
from Boston to Johnsonville, N. Y., 175 miles, in addition to
which there are about 634 radios of double track between John¬
sonville a id Rotterdam, leaving of single track in main line
sixteen miles, Johnsonville to Troy, and 3034 nades to Rotter¬
was
Mail, express, etc
was
for 4 months.
consolidated line for
:>tal gross earnings of the present
The total
the entire fiscal year of 1886 were
le entire fiscal year of 1887 were
For the
$5,119,318
$438,125
The
It’
$3,138,447
1,495,299
1,849.610
$522,501
$911,494
$1,288,837
Net
$539,001
earniDgs
INCOME ACCOUNT.
1883-84.
Net earnings
Other income
$539 004
30,512
Total
Deduct—
Interest
Rentals
1 lividends
$569,516
Miscellani
Total miles
operated.
Operations—
Passeng. rs carried
.
Passenger mileage..
Rate per pass, p.mile
Freight (tons) mov’d
228
3,791,035
53,418,653
3,542,930
54,622,010
1-83 ets.
1*65 ets.
2,158,283
2,112,155
Rate per tonp.
f;
$
901,753
1,775,248
121,156
Earnings—
Passenger....
Freight
JIail, express, &c...
Tot. gross
if!
Operating
f
!|:f
X
ft"
It
‘ <
$
earn’gs
expenses.
Taxes
2.798,157
1,979.609
151,796
229
4,130,395
61,073,787
5,026,045
74.043,498
1 -89 ets.
1*75 ets.
2,919,629
2,509,131
666,752
.Net earnings
1 06 ets.
1-07 ets.
•13 ets.
$
$
979,205
1,712,162
128,752
1,072,289
2,078,446
$
1,407,689
2,707,514
141,554
2c 3,206
2,820,119
2,009,813
3,295,289
2,408.965
4,373,439
3,287,801
137,057
150,700
194,853
2,146,960
673,159
2,131,405
Total expenses.
Net earnings
Rents & other inc.
fli
•K t'
£•;
l>
t.
atb
k
I?
'
1884-85.
$
1883-84.
$
€66,752
Iteceijyts—
Totsl income
3,482,654
890,785
2,552,665
735,624
1886-87-
1885-86.
$
58,500
673,159
71,130
$
735,624
104,253
725,252
744,289
839,877
1,086,667
246 809
252,581
220,688
256.480
266,011
260,763
423,228
272,250
247.500
264,331
366,488
(5*2)
(5)
890.785
195,882
Disbursements—
Renta's paid
Inteiest on debt....
Other interest
Dividends
Rate of dividend
12.332
..
Tot. disbursements.
Balance
■*
200,000
And •% of 2 per
(5)
(*4)
1,055,727
781,574
720,760
def. 6,139 surp.23,520 surp.58,303 surp.S 0,940
cent
731,391
on
10,000 shares.
Rome Watertown &
$542,831
$26,685
and increases the facilities
of the business in the territory through which
economical management,
taking
they run.
care
$911,243
$1,319,840
$483,443
64,250
$504,110
$523,765
189,370
395.786
“The Norwood & Montreal Railroad, owned
pany, was completed from Norwood toMassena
by
your com¬
Springs in Sep¬
$1,196,376
$123,464
$693,480
$547,693
$15,448
$247,763
order in ihe
$10,000,000 mortgage which was due October 1, 1887.
Central Towa.—The reorganization committee
of the Cen¬
Company notify stockholders that the
second instalment on account of stock assessment, v.:z : 3 per
cent on first preferred, 2 percent on second preferrel and 2 per
cent on the common, will be due and payable Jau. 16,1888, and
may be paid on or before that date to the Mercantde Trust
Iowa Railway
tral
Company.
Cleveland Columbus Cincinnati
Indianapolis.—The
&
expenses, &c , for November, and for
furnished for the Chronicle, are as follows:
earnings,
Noven<iber.
1886.
1887.
earnings
Operating expenses.
Gross
Net
earnings
Interest, taxes, &c...
Balance
Additions to
$374,123
$4,199,716
203,339
2,554,395
$3,801,659
2,364,176
$181,445
69,775
$170,784
65,958
$1,645,321
753,978
$1,437,483
'i 56,622
$111,679
$104,826
$891,343
$6-0,861
10,899
'416,787
173,873
$93,927
$474,556
$506,988
$111,670
Surplus
*
Purchase of new cars, $364,002;
chase of real estate, $19,535.
—The
ber
<
purchase of engines, $33,250; pur
arnings, expenses and fixed charges for 1887 (Dec m-
partly estimated)
were as
follows, including all lines
operate d:
Net
Fixed
1887.
1886.
•
$7,190,936
(70‘5S%) 5,662,384 (70*55%) 5,072,369
$8,021,947
earnings
charges
$2,359,563
2,026,264
$2,118,567
2,047,901
$333,299
$70,666
Balance
'
Jan. 1 to Nov. 30.—.
1886.
1887.
,
,
eleven months,
$424,437
242,992
prop’tj*.
Operating expenses*
Ogdcnsburg Railroad.
River
the two systems
§s8t
lack
shows
Railroad.
the wisdom
The union
of the Utica
year
of theofacquisition
permi &s
a more
$563,141
United States District Court, at Pittsburg, authorizing the
receiv. r of the Allegheny Valley Railroad to pay $146,0U0 int- rest on the $4,000,000 mortgage on that road, due January 1,
and at the same time $100,000, the balance due on the
Earnings
(For the year ending September 30, 1887.)
The annual report of Mr. Chas. Paisons, the President, is
just out, and states that “the result of the operations of the
for
40,640
$1,288,837
31,003
276,825
INCOME ACCOUNT.
£■ t
*
109 ets.
mile.
1886-87.
$911,494
29,749
Allegheny Talley.—Judge Acheson made an
18S6-87.
345
1885-83.
Freight (tons) mil’ge. 163.056 462 161,905,750 195,113.082 238,913,000
t,
1885-86.
$522,501
GENERAL INVESTMENT NEWS.
RESULTS.
1884-85.
1883-84.
189
1884-85.
14.827
ous
Total
comparative statistics for four years, compiled for the
are as below:
.
$463,754
64,250
Surplus
Chronicle,
OPERATIONS AND FISCAL
1,930,718
216,204
179,243
$2,406,793
5,557,444
Showing an increase of
$991,525
1,458,422
Total earnings.... $1,691,753 $1,702,732
1,180,231
Operating ex. & taxes. 1,152,749
The total gross
30, 1887,
642
$774,128
$526,617
1,048.492
127,623
$539,226
983,461
169,066
1886-37.
642
450
418
Freight
1885-86,
1884-35.
1883-84.
operated
Earnings from—
Passengers
Miles
dam Junction.
income for the fiscal year ending S ptember
made as follows:
Earnings of Fitchburg Railroad proper for entire year; Troy
& Greenfield Railroad and Hoosac Tunnel for eight months;
Hoosac Tunnel Dock & Elevator for 514 months; Troy & B ston Railroad for 5 months; Boston Hoosac Tunnel & AVestern
:[vol xlv.
Includes additions to
property.
Indianapolis Decatur & Springfield—Indianapolis De¬
catur & Western.—A press dispatch from Springfield, Ill.,
December 27, said the Indianapolis Quincy & M ssissippi
Riilway Company of Illinois to-day
filed articles of consolida¬
Railway Company of
tion with the Indianapolis & Wabash
Indiana. The name of the consolidation
is to be ihe Indian¬
apolis Decatur & Western Railroad Company, and the pur¬
-Company is building its road from Maesena Springs to Fort pose is to operate lines of the Indianapolis Decatur & SprmgCovington, and the outlook is that early in 1888 this link will fie'd Railroad. The capital stock is $1,000,000.
•be completed, and a through rail route established between
Lake Shore & Michigan Southern.—At a meeting of the
Montreal and all points on your road.
The work upon the hrar.ch into the City of Rochester has board of directors on Friday a semi annual dividend of 2 per
been carried on. A bridge 705 feet long has been constructed cent was declared, payable on the 15th day of Februiry next.
The following is the yearly statement which was presented at
across the Geneseee River, and terminals have been secured
in the City of Rochester, of the most advantageous location, the meeting, December, 1887, being partly estimated:
1886.
1887.
on both sides of the river.
A spur from the main line has
tember, 1886. The Maseena Springs & Fort Covington Railroad
“
¥■ f;
•-
been built from Charlotte noith to Lake Ontario, and your
Toad
secure a large amount of the local
between Rochester and the three favorite resorts
can
hope to
business
Lake
on
$18,675,464
10,991,267
Gross
earnings
Operating expenses and taxes.-. .*
Per cent of expenses
•xpenses to earnings
...
$15,859,455
9,731,622
61-33
58-85
$6,127,833
Net earnings...
$7,684,197
3,712,978
3,660,000
large increase in both freight and passenger Interest, rentals, &c
business. The summer tourist business is growing rapidly,
Surplus net income
$4,024,197
$2,414,855
and the resorts reached by ycur road are becoming more Equals per share
$8-13
$4‘88
popular each season. A new line was opened in the Adiron- Increase in gross earnings
2,816,009
=17-76 per ct•dacks via Norwood, which affords the shortest route for Increase in expenses
=12 93 per ct.
1
1,259,645
Increase in net earnings
=25-39 per ct.
1,556,364
reaching the north woods.” * *
Expenses include all additions and betterments.
“The emigrant business to the West via your road continues.
From the surplus earDings for 1887 the following payments
In connection with the New York Ontario & Western Rail¬
have been made:
way your company carries 12 per cent of all the emigrant
Ontario—Ontario Beach,Windsor Beach and Sea Breeze.” * *
“
There
was a
—
business from New York.”
*
*
*
In the last report the plan for retiring
mentioned. Under this plan $ 1.835,000
the iucome bonds was
of the income bonds
were
#p sited and consolidated bonds and stocks issued there
tfor. In erest upon the income bonds stopped April 30, 1887, but
•the amount of the funded debt, in the balance sheet, includes
the entire issue of income bonds as they have not yet been
•canceled
of
record.
months the income
It is believfd that
mortgage
Amount of funded debt reduced
within
a
few
will be canceled and the
accordingly.
Assessment N. Y. C. & St. L. (Nickel Plate).
Less applied from assets previous year
Sinking fund first mortgage bonds
$2,503,000
$262,C00
2,241,000—
250,000
200,000
187,450
Kalamazoo & White Pigeon bonds, 8s
Account construction Sharon Branch
$899,450
Making
Dividend 2 per cent,
$1,888,780
Total
Michigan
directors
989,330
August 15,1887
on
Central—Canada
Southern.—The boards
Friday declared a 2 per cent semi-annual
of
dividend
THE
1887. j
December 31,
CHRONICLE.
rush of railway building has been in the central belt west of
the Missouri River.
Kansas leads, with the total of 2,070
miles. Nebraska comes next, with 1,101 miles, almost equaled
Canada Southern. The follow¬
ing 'is the statement which was presented at the meeting, De¬
cember, 1887, being partly estimated:
on
Michigan Central and
on
1886.
1887.
$14,140,000
$12,296,000
8,405.000
(68*35)
Net earnings....
Interest and rentals
$4,288,000
2,536,000
2,530,000
$3,891,000
2,577,000
Surplus earnings
$1,752,000
$1,314,000
407,000
$1,212,000
42,000
$907,000
45,000
$1,254,000
$6'69
$952,000
$5*08
earnings
Operating expenses and taxes
Per cent of expenses to earnings
Gross
9,852,000
9,852,000
(69-67)
540,000
Proportion to Canada Southern Co—
Proportion to Michigan Central Co
Income from investments
Equals per share for Michigan Cent...
by Texas, with 1,055 miles. Four States and two Territories—
namely, Kansas, Texas, Nebraska, Colorado, Dakota and
Montana—together show an addition of over 6,400 miles, or
ab( ut one-half of the entire year’s mileage of the country.
The only States from which no new c-nstruction is reported
are Vermont, Connecticut, Rhode Island and Nevada.”
* *
Many of the lines have been built through comparatively
level country, requiring but little grading and bridge building,
1 ut on the other hand many other lines have been very
costly. Moreover, several of the companies have purchased
costly terminal facilities in large cities, while nearly all have
made extensive purchases of equipment.
It is probably fair
to assume that the total co3t of roadway, bridges, station
buildings, terminal facilities and equipment of these new
lines averaged $25,000 per mile, at which rate it appears
that not far from $325,000,000 have been expended on the
ines completed during the year.
* * *
The railway mileage of the United States at ihe com¬
mencement of 1887 was stated to be 137,586 miles,
The ex¬
tensions tor the year here recorded increase it to 150,710 miles,
and it may be said that, in round numbers, the United States
to-day has 151,000 miles of railway lines.”
“
137,000
Appropriated for land, etc
$1,117,000
749,528
Leaves.
Dividends, 4 per cent
“
307,472
Balance
The Canada Southern account is as follows:
1880,
1887.
R.R. Co
To Canada Southern
Equals per share
$540,000
$407,000
3*00
2-71
,
Expended for land, Ac
25,000
Shenandoah Valley Railroad.—One of the counsel for the
$515,000
Balance
general mortgage bondholders writes to the Chronicle that
375,000
Dividends, 2Je per cent
in the
$140,000
Balance..
and net earnings for
gross
November and for eleven months, Jan. 1 to Nov. 30, were as
On the lines rst of Pittsburg & Erie the net
below srated.
results, after payment of interest and ail charges, is shown
in the second table.
LINES EAST OF PITTSBURG & ERIE.
dross Ev minus
,
Jan. 1 to June 30..
1886.
$26,370,724
$23,250,164
4,356,67 7
4,654,370
July
August
5,022,012
September
5,006.568
October
4,989 521
4,735,154
November
Total 11
mos...
.
1887.
$50,778,349
4,585,390
4,674,052
4,737,351
4,347,218
/
$8,784,383
1.673,541
1,907,536
1,758,195
1,722,989
1,356,190
$7,669,624
1,580,628
1,905.045
1,816,535
1,862,748
1,526,721
1886.
$514,923
Gam.
262,508
78,651
Loss.
Gain.
Gain.
Gain.
Loss.
October
Sur.
87,008
282,455
255,981
280,485
November
Def.
46,904
Sur.
Sur.
Sur.
Sur.
Sur.
Total 11 mos.Sur. $1,269,509
Sur.
July
August
September
Sur.
..Sur.
Sur.
81,328
264,260
49,499
$221,323
1886,
Toledo & Illinois, Lake Erie Wabash & St. Louis,
Feb. 1, 188G, funded debt bonds (series A) apportioned
therelo; the coupOLS matured Dec. 1, 1885, on the Hannibal &
Naples Railroad bonds, and on Jan. 1, 1886, on Chicago divi¬
174,653
sion bonds, with
16,225
96,403
accrued interest
on
all such
coupons to
Jan.
1, 1888 ; also six months’ interest on 1st mortgage scrip certi¬
ficates to Feb. 1, 1886.
Gaiu. $1,01S,1S6
Judge Ore-ham, in his decree for interest payments said
should be without prejudice to any future
adjustment and apportionment of earnings between the
several parties, and the several divisions of the railway prop¬
erty, the court reserving the power toreviewand readjust the
that such payment
.
$57,302
on
Tiud Company
matured Feb. 1,
on
175,500
203,804
Pittsburg & Western.—The earnings, exp°nses and charges
for November, and from July 1 to Nov. 30, were as below;
November.
July 1 to Nr>v. 30.
Gross earnings
$181,988
$946,466
678,147
Operating expenses, taxes and rentals
124,686
Net earnings
on bonded debt
appeal will probably
Great Western of 1859, Decatur & East St. Lruis and Illinois
& Southern Iowa railroad bonds, and on the 1st mortgag©
funded debt bonds (series A) apportioned to above ; the coupons
manured May 1, 1886, on Quincy & Toledo Railroad bonds, and
Diff. in 1887.
$925,407
Def.
an
Wabash.—On January 3, 1888, the Central
Wabash 1st mortgage coupon bonds
deficit afterpayment of charges.
$410,484
that
will pay
$45,950,852 $17,202,834 $16,361,301
1887.
Jan. 1 to June30..Sur.
Fidelity Trust Insurance & S^fe Deposit
the court was r» served.
It is intimated in Philadelphia
be made from this decision.
Net Earnings
1887.
1886.
LINES WEST OF PITTsBUKG & ERIE.
Net surplus or
the
points in favor of the general mortgage bondholders. That
they are entitled to the first ben on the road from Waynes¬
boro to Roanoke, a distance of 953^ miles, and that the $1,500,000 of first mortgage bonds now in the treasutyof the Fidelity
Trust Insurance & Safe Deposit Company are ihe absolute
property of the general mortgage bondholders. He holds that
th i se bonds are legal, and that the financial prospectus of E.
W. ( lark & Co. under which they were negotiated was
authorized both by the action of the stockholders and direct¬
ors of the
railroqd company ; that the signature of the trustee
to the $1,560,000 bonds was a mere ministerial act not essen¬
tial to their validity.
As to the income bonds, the decision of
& Trust Co. of Boston.
Pennsylvania Railroad.—The
of
Judge Henry E. Blair at Roanoke. Va., has decided the main
Ogden^burg & Lake Champlain.—Tae annual report of the
ending Sept 30<h )^s: Etrnings, $665,191 ;
expenses, $445,806: other income, $15,935 ; charges, $250,589 ;
deficit Sept. 30, 1887, $27,303.
Omaha & Republican Valley.—This company has filed a
mortgage in Nebraska for $605,000 in favor of the American
n
case
Company against the Shenandoah ValLy Railroad Company,
lessets for the year
Lo
887
accounts of the receiver
$272,319
and
the distiibution of the entire
earnings of the said railway property between the several
p rtiee.
As to the motion made by the holders of 7s of 1879$23,302
$110,319 and consolidated convertible bondholders, the Judge ordered
Surplus
Railroad Construction in 1887.—The Railway Age of that evidence might be taken bearing upon the merits of the
Chicago will report in its issue of this week that 12,724 miles said motion before the Master in Chancery within thirty days.
—Receiver John McNulta, of the Wabash Railway, has
of new railroad have been constructed in 1887.
No account is
taken in this of the hundreds of miles of side track built, r or made his reporo of the receipts and disbursements to Nov. 39.
It shows that the cash balance on hand Oct. 31 was $910,457 ;
of the thousands of miles of ruin line tracks relaid. The Age
the
receipts during the month, $853,207; a total of $1,763,664.
says of the new mileage reported : “ Wl ile the search has been
unusually thorough and the totals corroborate the record kept The disbursements on accounts prior to April 1, 1837, were
from week to week, it is rot improbable that some scattering $17,477; on current account, $792,515; deposit for payment of
additions may yet be received, so that it is safe to state that coupo' s on first mortgage bonds. $187,471; a total of $997,464,
during 1887 nearly, if not quite, 13,000 miles of new main line leaving a cash balance on band Nov. 30 of $766,200. The sum¬
track were constructed.
When, in 1832, during a period of mary of receipts and disbursements from Jan. 1 to Nov. 30 is
extraordinary activity, 11,568 miles of new road were built, it as follows:
RECEIPTS.
was
generally believed that these figures would not again be
$8,611,835
equaled. In the following year—1883—the new construction From operation of road
fell to 6,741 miles, in 1884 to 3,825, and in 1895 to 3,608 miles.
DISBURSEMENTS.
' °
The year 1886 witnessed a considerable revival of activity, For operation of road
$6,307,620
and 9,000 miles of new road were built, a greater mileage than For track rentals
153,318
in any previous year with the exception of 1831 and 1882; and For New York and Pacific Car Trust Association, interest and
expenses
118,835
now 1887 has witnessed the building of more miles of railway
For Chicago & Western Indiana Railroad sinking fund
22,081
than 1886 and 1885 combined, and not much less than 1885, For taxes, year 1886
208,123
Interest
34,000
162,000
For taxes, year 1887
For special taxes
For interest on first mortgage
1884 and 1883 together.
“The number of different lines constructed aggregated 864
lines. Of course the number of companies building these
lines was very much less than this.
“
The greater part of this prodigious increase of railways
has taken place in a few Western States, New England and
New York contribute scarcely anything to the grand total.
The great Middle States add very little, and the additions in
the Southern States are not as large as many anticipated,
Balance cash
—
although Alabama presents a fine record with over 500 miles,
Georgia adds 230 miles, Florida nearly 200, and Kentucky and
North Carolina each a little less than that. The Northwestern
States have shown very considerable activity, but the great
e
Messrs
on
2,925
7,611
bonds
hand Nov. 30, 1887
1,025,118
$7,845,634
$766,200
Lawrence, McHarg and Atkins, of the bond¬
holders’ committee, have published a circular at much length,
under date of December 21, giving the Wabash situation and
the reasons why the second mortgage bondholders are fairly
treated in the reorganization plan. This circular is well worth
the attention of all bondholders not yet absented, and they
should get a copy from the committee or from Mr. Ashley at
the Wabash office, Western Union Building.
THE CHRONICLE.
888
'JTfeje
COTTON.
Cmmwjerciai ^tmes.
Friday, P. M., Dec. 30, 1887.
The Movement of the Crop, as indicated by our telegrams
from the South to-niglit, is given below.
For the week ending
this evening (Dec. 30), the total receipts have reached 188,824
EPITOME.
COMMERCIAL
Friday Night, Dec.
(VOL. XLV.
30, 1887.
usually true of holiday week that generally trade is
occasion to claim any exception to
the rule. Indeed there is much complaint that even in holi¬
day goods the volume of business has been quite disappoint¬
ing. Embellished cards have largely taken the place of more
substantial goods for holiday presents, and the effect of the
change may be easily imagined.
The weather has been
extremely variable, turning severely cold, after a violent rain¬
It is
dull, and there is now no
bales, against 202,859 bales last week, 213,902 bales the previous
week and 240,019 bales three weeks since, making the total
receipts since the 1st of September, 1887, 3.985,550 bales, against
3,755,798 bales for the same period of 1880. showing an in¬
crease since September 1, 1887, of 229,752 bales.
,
storm.
Galveston
speculation in lard for future delivery has been less
shown a very unsettled market. The
production continues smaller than last season, but the dulness
of the regular market checks speculation for the rise. To-day
the close of futures was steadier, with a good business done in
the regular way at 7’35c. for prime city, 8(a8;05c. for prime to
choice Western, 8*05@'8 10c. for refined to the Continent and
The
8*330. to South America.
;s OF
L ARt)
iiesd'y. Wednsd y.
8-10
•J u minty <1 el ivory..
ITebriia ry dcliv’y..
March delivery
April delivery
May delivery
8*18
s •“_>:>
8-:5*J
8 •:*'.)
p
8 ■ l r>
8-50
June delivery
July delivery
;
8-02
8-K)
8-21
8-28
8-R5
8’12
8'17
3,199
2,081
10,183
New Orleans...
20,300 12,032 12,992 10,257
0,580
1,685
9,072
1,132
71,239
1,005
1
Mobile
1,394
1,981
m>*>
Florida
Port
5,108
0,097
4,130
3,411
1,173
28,330
2,598
1,200
2,022
2,903
1,400
1,157
11,340
1,223
500
192
200
2,059
2,099
2,970
758
759
1,000
1,590
5,314
2,083
1,508
53S
380
400
880
Royal,Ae
Wilmington....
West Point, Ac
8-eO
8*17
Friday
8-02
8‘OO
8*17
8‘24
s-32.
8 ‘38
8‘44
8-2 :j
8-30
8-37
8-12
demand, and closes steady; nevv mess
$15 5t@$15 75, extra prime $13, and clear $16(#$18. Cutmeats
are without decided change in value,
but have been more
salable; pickled bellies, 7^07^c; shoulders,
7c., and
hams, 92£@10J£c.; smoked shoulders,
and hams l\)i@
U>vsc.
Beef remains entirely nominal at $S@$8 25 for extra mess
and $S 50 for packet per bid., and $13(5/$15 for India mess per
tierce. Beef hams are steady at $17 5 ) per bbl. Tallow linn
Boston
23'j
......
419
Philadelphia,Ae
5-16(5)4%c. Stearine is quiet at
Oleomarga¬
rine is quoted at 6Butter is firmer at 20@34c. for
creamery, the outside figure for Elgin fancy, but Western
extra selling at 30c. and extra firsts at 2G@23c.
Cheese is
steady for export; State factory, full cream, 10@12c., and
skims. 4@9c.
Coffee on the spot was
354
275
3,052
158
158
3,203
8,204
1,573
15,937
G.383
•
3O0
524
21,128
3,164
3,031
...A,
2,074
2.674
484
i--'
1,264
35,190 31,529 27,598 33,031 j 29,805 30,771 188,824
comparison we give the following table showing the week’s
receipts, the total since September 1, 1887, and the stock
to-night, and the same items for the corresponding periods of
For
total
last year.
Pork has teen iri fair
at 4
354
.
New York
Totals this week
1,173
542
......
Wnsli’gt on, Ac
Norfolk
675
4,730
Ac.
Bruns w’k,
Charleston
9,119
675
4,782
-
Th ursd'y.
8-00
Total.
1,700
1,057
6,911
509
\
Baltimore
FUTUI :ks.
Fri.
Indiaiiola, Ac.
Savannah
active, and prices have
Thurs.
Wed.
TilCS.
Mon.
Sat,
Receipt.': at—
f_
1887.
Receipt,s to
Dec. 30.
Galveston
Wed:.
10,183
...
week.
1, 1880.
548, LI 3
27,893
19,230
714,383
44,121
332,871
10,591
075
580,281|
J
28,330
...
1.173
Bnmsw., Ae
11,3 10
..
354
P.
Royal, Ae
Wilmington
3,052!
15.937
W. Point, Ac
j
j
Boston
22,081
12,018
324,189
518
13,453
115,504
3,838
3,870
117
358,840 17,705
303,777 14,874,
1 9,955
0,092
43,449’ 5,320:
11,040
1,420;
15,848
21,128 j
3,104 j
3,034
New York....
950
150,375
15s!
Wash’t’u.Ae
Norfolk
2S,S15
15,122
055,771
715
SlockL
j 1887.
1886
85,791
127,957
402,700
434,720
41,058
-
|
Florida
Charleston
1, 1887. i
71,239 1,192,590 101,322 1,119,309
158,097
150,185 11,513
j
New Orleans
Mobile
Savannah
Since Sep.
j
Ind’nola.Ae
J_
4 8 SO.
This
Since S< p.
This
4 s,094
3,500
112,405
130,774
01,123
2,150
49,459
21.874
21,395
53,958
9,493
52,683
9,004
215,483
11,000
14,837
10,155
359
3,288
•
399,519
227,400
47,239
33,394
21,305
175,535
10,000
active and rather firmer early in the Baltimore
2,074!
10,515
week, but the demand fell off and the close is dull and nomi. PhlTdel’a, Ac
1,20 4;
44.| 19,120 25,705
nal, with fair cargoes quoted lS^iaUSG^c. The feature of the
Totals
188,824 3,985,550; 230,018 3,755,79s 1,000,472 1,118,884
speculation in Rio options has been depression in the early
In order that comparison may be made with other years, we
months and strength in the more distant options, closing with
give below the totals at leading ports for six seasons.
sellers as follows, for delivery in 1888 :
1885.
1887.
1 1880.
1884.
1883.
1882.
Rieeipts at—
...
.....
Jan
Feb.
Mai eh
-
April
10‘25e. 1 May
]
10‘20e. June...
10‘ 15e. 1 July
1010c. 1 Aug .....
101 Oe. j Sept
I0-O5e. j < )et
15‘70e. 1 Nov
15‘4t'e. j Dec
..15‘15c*
14‘90e‘
....14-70c*
j
...
Raw sugars have advanced on the foreign advices, and close
firm and fairly active at Gj^c. for fair refining Cuba and Gc.
Galvest’n,
i
10.183;
10,972
14,910
re> 007
9,1 19!
1 1,513
12,110
0,255
...j
28.330,
28,815
22,774
18,107
Chariest’n, A cj
11,09 4
3,210:
12,530
11,798
9,873
11,015
0,082
3,985
1,092
1,110
3,283
j
Mobile
J
Savannah
Wilm’gt’n, Ae
71,239
.
27,893
01,870
17,-JOl
70,713
10,708
Aej
New Orleans,
101,322
39,524
78,457
10,474
20,822
15,961
3,543
28,008
5,362
22,849
centrifugal 9G-degrees test, with several cargoes of the Norfolk
!
15,IK!7' 17,705 15,498 19,073 14,910
latter sold to arrive at o'^c., c.&f.
Molasses was to-day quiet> W’t Point, Ac 21,128 1 4,87 I
.1 2,909
8,759
9,007
j 1
1
four cargoes selling to arrive at 24c. for 50-degrees test.
All others... J
1,975
11,895
14,139;
21,057
1,984;
Kentucky tobacco ha6 been less aca\ e, nt sales for the week Tot. tins week 188.82 l 230,018 189,852' 15 i;075 1 10,(512 221,997
are 700 hhds., of
which 300 for export. Piioes are higm r,
Since Sept. 1
J9.s5.550 >755,79s 3007.2 12
,r> i
3550,902 3086,459
ranging from
to 11c. for common lugs to go d leaL The
jlmingtnn includes Mnivh’d City, Ac.; West Point includes City Point, Ac.
business in seed leaf nas been very fair, amounting to4,200
The exports for the week ending this c " dug reach a total
rases, as fellows: 130 cases I860 crop, New England Havana,
of 130,098 bales, of which 90,819 were i
Great Britain, 6,689
13(5 30c.; 120 cases 18SG crop, State Havana, 8}£@16c.; 200 to France and 20,590 to the rest of the Continent. Below are
cases 1882-85 crops, Pennsylvania seed leaf, O'^^ldc.;
150 the exports for the week and since Scpte nber 1, 1887.
cases 1886 crop, do., private terms ; 300 cases 1880 crop, Little
irtY-V finding Dec. 30.
From Sept. 1, 1837, to Dec. SO, 1887,
Exported to—
J±D">jtt<l to—
Dutch, 9i<M0e.; 150 casts 1880 crop, Ohio, 7t£5|‘9c., and 150
Great
Conti¬ Total
G rea t |
Conti¬
cases sundries 7(530c.; also, 450 bales Havana, G0c.@$l 10, and
from—
Total.
IlriVn. France nent.
Week.
Britain. l',ancc
nent.
I
200 bales Sumatra, $1 40(5 $1 80.
Galveston
12,‘10
11,068 23,708
181,s7V| 2,v24
62,591
247,391
The sprculation in crude petroleum was very active and New Orleans.. 24,732
4,240
5,202 34,174 336,152 169,120 240,156 745,428
prices made a decided advance, the effect of combinations to Mobile
0,001
5,061
25,204!
25,201
k*ep pr< duetiou within prescribed limits. The price rose on Florida
i
15.171
10,171
122,752 10.210
Wednesday above 90c., but has since receded and closes this Savannah*
82,445 315.437
afternoon at S7%@STJgc.
Spiiits turpentine is dearer but Charleston.... 6,400 1.300 4,100 11,866 51.703. 21.4S9 127.301 200,493
62,543: 6,b95
38,843 102,781
quiet at 38}£c., mid to-day goul strained losin sold at $1 10. Wilmington
Norfolk
16! ,529
6,000
0,000
161,529
Tar is down to $1 90.
117,835
9,741
117,83V
There has been a decided fall in ingot copper, under sales to West Point,Ac 0.741
New York.....
749
10/82
6,188 17,614 233,5 2' 20,472 119,200 373,194
realize in the face cf a smaller demand. To-day the market
37
Boston
2,938
2,995
84.092
1,712
S5.801
was unsettled, but closed steadier, with transactions amount¬
B altimore
400
38,870
3,308
3,768
18,166
58,131
1,595
ing to 400,000 lbs., in January options 17‘05c. seller, and Fhiludelp’a’&c
30,901
3.344
27,557;
17’30e. buyer, Feb. 17‘20@17 40c , seller, March at'17*40c., and
Total
96,819
6,689 26,590'130,098 1,143,135 23 5225 788,758 2,164.118
April 17‘50c. Lead was lower to-day selling at 4-95(5)4*92}£c.
Total 1880... 9 >,f>20 80.110 33.755 166.P91J ,4‘'6,957 2s2,803
for December. Straits tin entirely nominal at 303^@ 37c, on
547.269 2,297.034
the spot and 33^@34;\c. for future delivery.
* Includes exports from Brunswick.
i
for
•
,
....
.....
j
....
......
..
.
,
......
.
...
THE
1887.]
December 31,
CHRONICL E
*5
above exports, our telegrams to-night also give
us the following amounts of cotton on shipboard, not cleared
at the ports named.
We add similar .figures for New York,
In addition to
which are prepared for our special use by
& Lambert, 21 Beaver Street.
889
®
—
£
£
Messrs, Carey, Yale
H
O
<-
5 rT
x
a
£
^
®
S3 ©
*:
<
-
-
3.
—
30, AT—
Dec.
'
r,r, (U
Britain.
a®
®
Leaving
!
France
Coast¬
wise.
Other
New Orica us —
31,(1.41 j 23,914
Mobile
Charleston
10.000
2.000
Savannah-.-'—
10,000
Galveston
Norfolk
New York
Other ports—.
19,873
:
15,000
1
!
j: 21,764
None.
None.
9,000
800
1,500
700
i
1,109
;
3,951
None.
0,050
3,000
None. |
800
3,200 !
10,000 |
None.
1
Total 1887
107,714'28,023
Total 1880
Total 1885
128,879 ! 70,815
131,007 j 30,700
j
|
2,250
79,509
None.
1.500
7,000
10,000
9,135
14,000
19,100
34,308
4,000
None.
None.
19,000
10,050
13,000
<-i
C
•
SS *
a
323,191
32,09 4
4 7,423
OD
9® a
C ® or’
£?*
4b
w»
sc .
1
•
1
® ;
to
1
.
.
X
;
J
O |
>-*
©
©
£ ^ F *3
P-- Vit
-I Hr!.**
•
^
*
?-■ I
I
164,885
82,903
24,785
205,087
800,785
c-u
09,301
00,094
21,079
200,074
822,810
©
©
885,909
speculation in cotton for future delivery at this market
has been only moderately active for the fractional week under
review, and the fluctuations in prices were within comparatively narrow limits. The re-opening of the market on Tues’
day was at hardening values, but business was dull, and only
he early nr nths maintained a slight advanc o On We Inesday
a further advance was turned to a sharp decline, under the
rumcred dtath of Emperor William of Germany, but the close
was at about the same prices as
Tuesday. On Thursday a rise
was effected through speculative
manipulation, but as the
artificial demand fell off, prices receded under a crop move,
ment wh ch som what exceeded estimates.
T > day the mar¬
ket was a half-holiday one, and toward the close i>rice3
returned to about the last figures on Wednesday, showing
little change from last Friday. Cotton on the spot begins to
show some accumulation. Trade was very dull early in the
week, and on Wednesday quotations were reduced l-,16c. To*
day the market was very dull at 10.9-lCc. for middling up'
C
c ©
®
^
^
CCtU
*-
M
c
©o9
99
c
”
C> C»i
-*
>-*
1^.
Strict Ordinary
Gocd OfdlliM >
Strict G oil Dull.
•
•
ary..
Low Mid.llur;
Strict Low Mid Hing
£33
q‘
Middling
'<4
£
•
GULP.
;
Sat.
11.1 L.
io ■ i n
10
l <*
9>ri
9 ‘6
9la
95s
9'8
9*8
ioi, 6
dd,b
DJI,
10-8
10;-8
10::8
s"'i6
8
C © •>©
—
t
d1
«*
ip*
Strict Ordinary
Good Ordinary
Strict Good Otdirury
Low Middling.
Strict Low Middling.
X
to
I
I ®p:
<
®
99 99
d< oil
O. ©
o
x
©
-
-
DC.I O'.',,-.
IV.
!
-
no
99
o©
®
-131
<
®
**
if- © CO
^
.
-4 QO
x
-1
^
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© ©
o> J>
a-
o©
: 10^2
Mb
11 fyj
iub
®
x vi
0. CM
Mg,
I
Hrf
I ©m:
HI H
H
oc x
°9©9
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01
x-
X -o
.‘X
X X
<
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to to
^
H" —*
6b °ob
C ©
<
®
xx
^
© xto
cr. nc
_
Good Ordinary
Strict Good Ordinary.
Low Middling
Middling ...5
Sat
ft lb. I
in
Ho 11
d..y
II dida 7.
7*8
S510
eb
i
or
...
I Ob
<1
XX
®
u a» ni
’©
:
©
!
©
on same
SALES OF SPOT AND
SPOT MARKET
CLOSED.
Ex¬
port.
da
Con-; Spec- Tran-'
ill'l'n i sit. j
!
b
s-io
<ni
I
Fri... Dun
;;;;;;
51;
40
....
....
....
....
147!
159
....
....
....!
...J
....
...J
j
1
Total.'..
397|
daily deliveries given above
previous to that
uu
which they arc
----
....!
.
wV
*^M
©
©
•
v
M
-jr
9*7
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CC -1
02,700
L..nJ
er its.
1
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o
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5
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7*7
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M M
...
r-'
—
C
be b
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©
I
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99
d»
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X 43
0/' *-J
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i $
M
I §).M:
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5
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397.354,500
shown
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5
ir« rs. ■ 1
ol.s-r.
S'7. for Septeniber. 2A«,200; Sept'lclnce^
tf*mber-Oetoher, ipr October, 570,200; Sc^tcmber-November, for No¬
vember, 481,000.
We have included in the above tabic, and shall continue each
week to give, the average price of futures each day foi . .= h icunth.
It
will be found under each day following the abl re'in, •' Aver ” Tho
averagii for each month for the week is also given .. i
»*f table.
* :
Transferable Orders—Saturday
c.; Monday.
o. * Tuesday^,
10-55e.; Wednesday, 10-500.; Thursday, 10 60o.; rr..n
10 05o.
ing exchanges have been maue uuiing • he week *
pd. to exch. 10 > Dec. for Mar.
pd. to exch. 3' o Mar. for Mny.
pd. to exch. 100 Apr. for May.
pd.to exch. 400Feb for Mar.
•40 pd. to
•17 pd. to
•22 pd. to
*27 pd. to
exeli. TOO Jan. for Jmc.
exch. 1 >00 Apr. for June.
excii. l 00 Jan. for Mch.
exch. loO Mar. for June.
The Visible Supply of Cotton to-night, as made up by cable
and telegraph, is as follows.
The Continental stocks, as
as
those for Great Britain and the afloat are this week’s returns,
well
actually delivered tlie day
reported.
are
M
7**7
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i*- ML**
--O “*
M
t'O M
T>r liv¬
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51 82,000
40 118,3001
117 90,900
159
M
2
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C
are
The Sales and Prices of Futures
lOIlowing comprehensive tabic *-ffi
.
x
0
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quiet
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Total.. Sales.
55
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IRANSIT.
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The total sales and future deliveries each day during the
week are indicated in the following statement. For the con¬
venience of the reader we also add a columnAviiich shows at a
the market closed
I*
i ©ri
I 5" '•■5:
-J
glance how
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T
WS
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speculation and — in transit. Of the above — bales
were to arrive.
The following are the official quotations for
each day of the past week -Dec. 24 to Dec. Z 0.
ft It
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The total sales for forward delivery for the week are 351,500
bales. For immediate delivery the total sales foot up this week
397 bales, including — for export. 397 for consumption
Tli.
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Mon. Tues Wed
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Sat.
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The
UPLANDS.
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2
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123,305
51,420
34,938
245,509
a
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45,105
20,418
S
*
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-
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Slock.
Total.
(T nr?
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3 3?
Shipboard, not cleared—for
(1,anct- .Forcijn
OB ®
-
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On
3.S.C*
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figures are brought down
But to make the totals the cample jj
and consequently all the European
to
Thursday evening.
CHRONICLE.
THE
'890
^figures for to-night (Dec. 30), we add the item of exports from
j^the United States, including in it the exports of Friday only.
1886.
1885.
1884.
bales 604,000
33,000
672,000
14,000
541,000
604,000
17,000
47,000
637,000
686,000
1,600
15,400
16,000
558,000
3,600
34,000
651,000
400
800
TOO
2,700
135,000
4,000
46,000
8,000
4,000
3,000
2,000
47,000
2,000
5,000
1,100
174,000
1,000
39,000
4,000
9,000
187,000
4,000
38,000
6,000
5,000
322,400
261,500
270,100
324,200
1887.
Stock at Liverpool
Stock at. London
Total Great Britain stock.
-Stock at Hamburg
'Stock at Bremen
5,000
30,100
24,000
Stock at Amsterdam
Stock at Rotterdam
Stock at Antwerp—
Stock at Havre
Stock at Marseilles
Stock at Barcelona
Stock at Genoa
Stock at Trieste
500
800
206,000
“Total Continental stocks
32,000
828,100
50,000
479,000
35,000
947,500
50,000
628,000
53,000
959,400
41,000
518,000
34,000
European stocks...
-India coi ton afloat for Europe
Amer. eott’n afloat for Eur’pe.
Egypt, Brazil, <fec.,afli for E’r’pe
Total
6,000
36,500
38,000
975,200
67,000
653,000
45,000
1,118,8^4 1,131,538 1,015,767
Stoca in United estates ports. 1,066,472
Stock in U. 8. interior towns.. 449,453
United States exports to-day.
16,855
390,593
36,884
494,449
40,639
326,286
12,000
Total visible supply
3,085,180 3,224,861 3,058,726 3,094,253
Of the above, tbe totals of American and other uescriptions are as inflows:
American—
409,000
191,000
bales 419,000 487,000
Liverpool stock
183,000
Continental stocks....
165,000
American afloat for Europe... 518,000
628,000
1,066,472 1,118,884
United Stales stock
United States interior stocks.. 449,453
390,593
Total American...
East Indian, Brazil, dec.—
205,000
479,000 653,000
1,131,538 1,015,767
494,449 326,286
36,884
40,639
12,000
16,855
United States exports to-day..
..2,652,780 2,826,361 2,745,626 2,629,053
Liverpool stock
185,000
185,000
132,000
Continental stocks
139,400
41,000
96,500
50,000
34,000
53,000
79,100
50,000
India afloat for Europe
-Egypt, Brazil, <fec., afloat
17,000
14,000
33,000
London stock
...
187,000
47,000
119,200
67,000
45,000
35,000
313,100
398,500
432,400
Total East India, &c....
...2,652,780
Total American
Total visible
417,000
465,200
2,826,361 2,745,626 2,629,053
3,085,180 3,224,861 3,058,726 3,094,253
supply
13^ The imports into
55,000 bales.
9%gc-
9%c.
10910c.
6d.
11%c.
4*%6d.
5*4d.
5%d.
'Price Mid. Upl., Liverpool
Price Mid. Upl., New York
Continental ports this week have been
•
[Vol. XLV,
1 the receipts at all the
the same period in 1886.
Quotations for Middling Cotton at Other Markets.—
In the table below we give the closing quotations of middling
week last year, and since September
towns are 201,620 bales more than for
cotton at Southern
and other principal cotton markets for each
day of the past week.
closing quotations for middling cotton on—
ending
Week
Satur.
9^8
Galveston
New Orleans.
...
Savannah
Charleston
958
9*8
.
J
9%
91316
91316
•
9%
9%
9%
916ie
9%
lOiio
91516
9%
10*16
9%
10%
10%® *2
10%
934
9%
1034
103s® *2
M*
P
*«*
10%
Philadelphia
934
•
;
....
St. Louis
91316
Cincinnati
0
Ej**
10*2
...
Louisville
978
H
......
Augusta
Memphis
9
97s
§
Wilmington
Norfolk;
Boston
Baltimore
9i516
......
..
..
9%
...
Thurs.
9%
9%
•
1
...
Wednes.
Tues.
Mon.
•
91%*
9i%6
9%
9%
9%
978
^
978
.
97816
10*16
10*16
10%
1038®%
10%
9%
934
1
•
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5i6
91516
10%
•
Fri.
10%
10%®%
10%
91316
0*316
9%
978
978
978
9%16
9%
9%
Receipts from the Plantations. — The following table
Indicates the actual movement each week from the planta¬
tions.
The figures do not include overland receipts nor
Southern consumption; they are simply a statement of the
weekly movement from the plantations of that part of the crop
which finally reaches the market through the outports.
Receipts at the Ports. SVk at Interior Towns. Rec'pts from Plant’n*.
Week
Ending—
Nuv.25
2
Dec.
“
9
1885.
259.925
| 1886. [ 1887.
1886.
1885
1887.
366.079 j 409,428
280,2621249,388 340,405
1885.
1886.
291 069
30/1,162
| 1887.
274,OS
242,7971275,716 252.406 382,0*7 390,832 449,202 285,019 300.470 292,180
434,343 402 085 463,323 299,850 239,189 263,140
248,1341227.886
j k 49,019
410 953 497.369 284.907 269.5*7 247,948
238.01lj260.659 213,902 481,239 433,534
305.620
503.678
“
16
“
23
240 D 0 263.045 202,859 521,319
“
30..
189,852 230.0 >8 188,824 54 <.557 443.505 493.883 212,0- 0 *46,049 179,020
280,240
209,163
the total receipts from
1887, are 4,455,6(3 bales;
The above statement shows—1. That
plantations since September 1,
were 4,151,303 bales ; in 1885 were 4,134,949 bales.
2.—That, although the receipts at the outports the past week
were 188,824 bales, the actual movement from plantations was
only 179 0^9 bales, the balance being taken from the stocks at
the interior towns.
Last year the receipts from the plantations
for the same week were 246,649 bales and for 1885 they were
the
in 1886
figures indicate a decrease in the cotton in sight
to-night of 139,081 bales as compared with the same date of
1886, an increase of 26,454 bales as compared with the corres¬
ponding date of 1885 and a decrease of 9,073 bales as 212,090 bales.
compared with 1884.
Amount of Cotton in Sight Dec. 30.—In the table below
At the Interior Towns the movement—that is the receipts
we give
the receipts from plantations in another form, and add
^for the week and since Sept. 1, the shipments for the week, to them the net overland movement to Dec. 1, and also the
and the stocks to-night, and the same items for the corres¬ takings by Southern spinners to the same date, so as to give
ponding period of 1886—is set out in detail in the following substantially the amount of cotton now in sight.
The above
;
statement.
1886.
1887.
2 2
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M © to to OI Ol ©;
t^©©©xc;x©<tto:
figures for Louisville ki both years are “ net.”
?s-
t Tills year’s
figures estimated.
The above totals show that the old interior stocks have
di creased during the week 5,688 bales and are to-night 58,860
bales more than at the same period last year
The receipts at
*5ibe same towns have been 8,795 bales less than the same
,
5,042,028 4,577,669 4,565,086 4,329,644
sight Dec. 30
1
spinners’ takings to
968,237
817,629
914,110
683,181
Weather Reports bv Telegraph.—Our telegrams from
the South to-night indicate that generally the temperature
has continued low during the week, and in a f^w sections
snow has fallen.
In some districts of the Southwest and of
tne Atlantic S ates the rainfall has been heavy.
naive*ton, Texan.—It has rained on two days of the week,
the rainfall reaching thren inches and three hundredths. Tne
thermometer has ranged from 3L to 67, averaging 46.
Palestine, Lexus.—Ram has fallen on three days of the
week to the extent of eighty-nx hundredths of an inch.
Average thermometer 37, highest 64, lowest 10.
San Antonio, Texas.—We have had rain on three days of
the week, the rainfall reaching four hundredths of an inch.
The thermometer has averaged 42, the highest being 68 and
the lowest 24.
JSem Orleans, Louisiana.—Rain has fallen on three days
of the week to the extent of two inches and eleven hun¬
dredths. The thermometer has averaged 45.
Shreveport, Louisiana.—Rainfall for the week forty-two
an inch.
Average thermometer 36, highest 60,
© moi oo© © oia>
^-»-Oi©©XtOOi^lOiXMMtOOi^lCOtO©
COOi©©©©©©<tO«Oi©MOX<ltt^©©
M<J
M Oi
4,455,603 4,151,303 4,134,949 4,023,789
452,425
321,366
341,137 227,855
134,000
105,000,
89,000
78,000
hundredths of
lowest 24.
M?
M
CO
1884.
.
& •
M to
O
Tot. receipts from plantat’ns
Net overland to Dec. 1
Southern consumpt’n to Dec. 1
A
E: o:
2. *83
|
395,5051
C
on
® —55
03 00
1885.
Receipts at the ports to Dec. 30 3,085,550 3,755,798 3,607,242 3,691,518
Interior stocks on Dec. 30 in
527,707' 332,273
470,053
excess of September 1.
3
OO
|
Columbus, Mississippi.—It has
week and
snow
seventy-one
has fallen
on two
hundredths of
an
on two days of the
The rainfall reached
rained
days.
inch.
Average thermometer
28, highest 36, lowest 10.
Leland, Mississippi.—Rainfall for the week twenty-five
hundredths of an inch. The thermometer has averaged 33 6,
the
highest being 53 and the lowest 19.
Greenville, Mississippi.—It has been cloudy and cold
during the week, with rain on three days to the extent of
ninety-eight hundredths of an inch. The thermometer has
ranged from 23 to 54.
Little Rock, Arkansas.—The weather has been alternately
bright and cloudy during the week, with a little rain and
The entire
dredths of an inch.
snow.
precipitation reached twenty-two
The thermometer has averaged 31.
hun¬
above totals
week show that the
from
Arkansas.—It hag rained lightly on three days of the
ports other than Bombay is 6,000 bales less than the same
the week and snow h»B fallen on one day to the extent or two week
last year.
For the whole of India, therefore, the total
inches. The rainfall reached fifty-four hur dredths of an inch.
shipments
since
January 1, 1887, and for the corresponding*
Bat little cotton is coming in.
Average thermometer 32,
two
periods
of
the
previous years are as follows :
highest 48, lowest 16.
EXPORTS TO EUROPE FROM ALL INDIA.
Memphis, Tennessee.— Rain has fallen on two days of the
week, the rainfall reaching thirteen hundredths of an inch.
1885.
1886.
1887.
Snow fell on Mondav. The thermometer has averaged 31, the
Shipments
This
Since
This
Since
This
Since
to all Europe
highest being 47 and the lowest 15.
Jan. 1.
week.
Jan. 1.
week.
week.
Jan.
1.
from—
Nashville, Tennessee.—We have had rain on three days of
the week, the rainfall reaching twelve hundredths of an inch. Bombay
742,000
9,000 1,073,000 17,000
7,000 1,109,000
226,000
The therm meter has averaged 26, ranging from 6 to 55.
310,000
8,000
All other ports.
2,000
427,000
Mobile, Alabama.—It has rained constantly on two days,
Total
9,000 1,536,000 17,000 1,383,000 17,000* 968,000
and has been showery on four days of the week, the rainfall
reaching two inches and ten hundredths. The thermometer
Alexandria Receipts and Shipments.—Through arrange¬
has ranged from 25 to 63, averaging 42.
ments we have made with Messrs. Davies, Benachi & Co., of
Montgomery, Alabama.—Rain has fallen on four days of Liverpool and Alexandria, we now receive a weekly cable of
the wetk to the extent of two inches and nine hundredths. the movements of cotton at Alexandria, Egypt. The follow¬
There have been three heavy frosts.
Average thermometer ing are the receipts and shipments for the past week and for
he corresponding week of the previous two years.
41, highest 64, lowest 22.
Selma. Alabama.—It has rained on one day of the week,
Alexandria, Egypt,
1885.
the rainfall reaching one inch and seventy-five hundredths.
1886.
1887.
Dec. 28.
Snow fell to the depth of half an inch on one day. The ther¬
•
mometer has averaged 38*5, the highest being 56 and the
Receipts (cantars*)—
•
Auburn,
Since Sept, 1
Alabama.—Rainfall for the week two inches and
Macon, Georgia.—We have had
j&epb 1.
Exports (bales)—
To Liverpool
9,000
12,000 154,000
3,000 81,000 13,000
15,000 235,000 22,000
Total Europe
*
A cantar is 98
|
Sept. 1.
1
.
To Continent
rain on three days of the
week.
Since
This
week.
Since
This 1
week,
120,000
2,003,000
180,000
2,027,000
140,000
2,166,000
This week....
lowest 24.
forty-seven hundredths. The thermomeier has averaged 39’6,
ranging from 19 to 51.
Madison, Florida.—It has rained on three days of the
week, the rainfall retching four inches an i seventy-five hun¬
dredths. Average the* mom-ter 49, highest 66, lowest 33.
movement
for the
The
Helena,
‘
891
CHRONICLE
THE
31, 1887. J
December
154,0001
This
week.
Since
Sept. 1.
64,000
4,000 129,000
4,000 66,000
218,OOOl
8,000 195,000
pounds.
olumbus, Georgia.—There hag been rain on four days of
the week, the rainiall reaching two inches and eighty-one
hundredths. The thermometer has averaged 36, ranging from
Dec. 28
24 to 48.
15,000 bales.
Savannah. Georgia.—It has rained on three days of the
week, the rainfall reaching four inc'i-s an 1 five hundredths.
The thermometer has ranged from 2S to 66, averaging 45.
Augusta, Georgia.—During the early part of the we* k we
had rain on three days to the extent of one inch and sixty-one
hundredths, but the latter portion has been clear and cool.
Average th rmometer 43, highest 58, lowest 2A.
Charleston. South Carolina.—Run has fallen on three
days of the week to the extent of forty-one hundredths of an
Manchester Market.—Our report received by cable to-night
from Manchester
states that the market
is firm for
both yarns and shirtings.
We give the
»
inch. The thermometer
lowest 33.
Wilson, North Carolina.—There has bi en rain on two days
of the week to the extent of one inch and thirty-eight hun¬
dredths.
The theimometer has averaged 40, ranging from 23
60.
to
following statement we have also received by telegraph,
showing the he'ght of the rive»s a> the points named at 3
o’clock Dec. 29, 1887, and Dec. 30, 1886.
The
Dec.29, ’87.
New Orleans...
Memphis
NashVille
Shreveport
Vicksburg
Above low-water mark
....
Inch.
0
0
5
3
3
Feet.
2
3
3
20
1
Die. 30,’86.
Feet.
2
15
12
Inch.
7
4
O
0
2
4
12
India Cotton Movement from all Pouts.—The receipts
and shipments of cotton at Bombay have been as follows for
the week and year, bringing the figures down to Dec. 29.
BOMBAY RECEIPTS AND SHIPMENTS FOR FOUR
Shipments this week.
Tear Great Conti¬
Bril'n. nent.
1887
1886
1885
1884
Total.
7,000
Shipments Since Jan. 1.
Great
Britain
Conti¬
Total.
nent.
YEARS.
Receipts.
This
Week.
Year.
2.000 7.000
742.000 18.000 1.143.000
7,000 10,000 17,000 230.000 500.000
2,000 6,000 8.000 525.000 706.000 1.2 >1.000 17,000 1,673,000
According to the foregoing, Bombay appears to show a
prices for to-day
this and
for previous weeks of
leave those
for comparison:
last year
1886.
1887.
CoWn
32s Cop.
Twist.
d.
Nov 25
Dec. 2
“
9
“
16
“
23
“
30
71e
7 *2
7 hi
7^2
7^8
7\
d. 8.
'S’81b "5
5
®8ib
'®818 ;>
5
o 8
'«'8U 5
8*4 lbs.
Mid.
Shir lings.
Up Ids
d.
s.
712®7
7V„,7
7 *2® 7
712®7
9
'(v7
5 10*2 ©7
d.
d.
d.
d.
0
0
5*16 7^8 ®8
0
0
5»ia 7 ^8 'StS
1*2
5h16 7516'o/71516
3
5**4
5%.5 r>8
7->s '<*8
17°i(j Wi
ColVn
8H lbs.
32s Cop.
Twist.
Mid.
Shirhngs.
s.
d.
5
5
5
5
5
5
712®6
8
8
8
8
8
s.
TJplds
d.
<L
7*2
53,*
iiii
8
®6 9
rd)d 9
'a/6 10
rad 10
5*8
5*4
5*4
5^4
514
third article of
Disturbances Since 1873.” As
that article is wholly devoted to a consideration of the prices
of cotton, we think that planters and dealers in the raw
material will find it of special interest.
East India Crop.—The following is from Messrs. Gaddum*
—In
our
editorial columns will be f.-und the
the series on “The Economic
Bombay, Nov. 25:
Byth*ll & Co.’s report dated
Crop reports continue favorable.
Picking is now general throughout
proceeded with,
small, and will
Dhollera crops conregarding the Dharwar,
the Oomra cotton-growing districts, but ginning is being
very slowly, and supplies of new cotton are
very
not be large until late next mouth. The Broaeh and
tinueto progress satisfactorily, and reports
Western and Comptah crops are also very favorable.
still
Jute
Bagging, &c— there has not been
bagging since our last, and the only trade
Butts,
activity in
much
being
changed, and
6^c. for
for 1%
done is of a jobbing charset* r.
Prices are u
sellers are quoting 5J4C* for 1/4 lbs., 6c.
lbs.,
2 lbs. and 7c for standard grades.
A fair *ia e i reported in
butts, a- d some transactions have been clothed o i the spot
at
7,000 380,000 729.000 1,109.000 26.000 1.622.000
9.000 345.000 728.000 1,073.000 32.000 1.627.000
were
below, and
h-s ranged from 29 to61, averaging 47.
eia.tburg, South Carolina.—We have had rain on three
days of the week, the rainfall re tching one inch and sixtvthree hundredths.
Average thermometer 43, highest 58,
the receipts for the week ending
140,000 cantars, and the shipments to all Europe
This statement shows that
2i^td2%c. for proper gtades
and 2%@2%c. for bagging
qu >luy.
Comparative Port Receipts and Daily Crop Movement.
—A comparison of the port movement
not
as the weeks in different years do not end on the same
the month. We In ve consequently added to our other standing
by weeks is
accurate,
day of
in the week’s receipts, tables a daily and monthly statement, that the reader may
of 2,000 bales, and constantly have before him the data for seeing the exact relative
the shipments since Jan. 1 show an increase of 36,000 bales.
movement for the years named.
The movement since
The movement at Calcutta, Madras and other India ports for September 1, 1887, and in previous years, has beet* as follows
the last reported week and since the 1st of January, for two
Year Beginning September 1.
years, has been as follows.
“Other ports” cover Ceylon, Monthly
decrease
of
compared with last
year
6,000 bales, and a decrease in shipments
Tuticorin. Kurrachee and Coeonada.
Shipments for the week.
Great
Britain.
Conti¬
nent.
Total.
*shipments since January 1.
Great
Britain.
1886
Total.
1,000
99,000
81,000
127,000
40,000
226,000
121,000
Madras—
1,000
62,000
44,000
11,000
6,000
73,000
1,000
2,000
4,000
90,000
38,000
2,000
2,000
6,000
76,000
63,000
128,000
139,000
2,000
5,000
2,000
8,000
251.000
3,000
178,000
109,000
427,000
310,000
1,000
1887
1886
50,000
All others—
1887
1886
Total all1887
1886
201,000
1887.
1886.
1885.
1884.
1883.
1882.
343,812 326,656
654,776 359,203 385,642 345,445
980,584
1,046,092
1,090,385
1,055,524
October.. 1,213,404 1,034,450
Novemb’r 1,178,436 1,197.259 1,083,552 1,122,164 1,030,380 1,094,697
Sept’mb’r
Continent.
Calcutta1887
Receipts.
•
3,046,616 2,590,912 2,524,718 2,557,994 2,420,284 2,401,937
Perc’tage of tot. port
39*90
49*90
53*56
46*78
48*70
receipts Nov. 30 ..
Total
This statement shows that up to Nov. 30 the receipts at the
ports this year were 456,704 bales more than in
521,898 bales more than at the same time in 1885. By add¬
ing to the totals to Oct. 31 the daily receipts since that
we shall be able to reach an exact comparison of the move*
ment for the different years.
1886 and
time
892
THE
1886.
1887.
1885.
1884.
18S3.
’o. Nv.30 3,010,010 2,590,912 2,524,718 2,557,994
>ec. 1
35,400
37,000
36,857
51,576
2....
40,724
“
3....
40,247
“
4....
8.
“
5....
“
G....
“
7....
“
8....
“
9
“10....
57,983
37,139
31,238
39,535
42,877
31,429
-11...
8.
...
“
12....
“
13....
38,574
48,638
38,400
8.
53,579
30,121
30,529
29,351
32,235
44,918
39,900
46,929
8.
40,180
8.
53,026
35,689,
29,964
43,651
84,643
31,338
33,11S
s.
48,904
34,208
40,107
37,112
63,398
36,531
17....
18....
8.
“
19....
42,450
8.
“20....
03,408
8.
8.
53,083
36,319
31,719
58,940
40,116
S.
“25...
8.
42,325
45,783
35,875
58,017
33,640
50,879
“24....
39,245
24,883
27,199
30,271
35,490
4-1,845
41,307
43,281
30,440
47,064
30,796
46,558
32,705
24,528
24,053
15...
“2*....
€i
0()
“23...
“
26....
«
27
31,529
27,598
“28....
33,031
29,805
30,771
“29....
“30....
37,037
44,303
47,919
32,472
29,752
43,355
37,360
35,070
83,530
27,721
55,741
40,286
40,050
34,347
35,221
58,665
40,736
“
“
“16...
8.
38,370
41,211
41,373
8.
“
“11...
50,747
40,832
57,783
42,005
33,530
28,105
23,108
50,659
32,811
62,472
8.
49,250
46,652
49,583
35,316
52,116
54,997
69,328
42,484
49,972
41,919
36,266
40,400
30,603
S.
■
36,573
S.
28,853
40,39 i
34,000
32,561
S.
56,658
32,675
31,541
37,300
68,828
24,640
8.
.
IIarrogate, steamer (Br.), forty-one bales of cotton per steamer Har¬
rogate (Br.), Cator, from New Orleans, caught tire while lying at
the wharf at Havre, Dec. 27, and all were more or less
damaged.
Kimijerlev, steamer (Br.)—Schooner Bengal, with 300 bales cotton,
arrived at Norfolk Dec. 21 from stranded steamer Kimberley
(Br.)
Altogether about 4,000 bales of cotton have been got out.
Become, steamer (Br.), Evans, from Norfolk, took lire at Liverpool Dee.
45,938
8.
32,106
47,376
43,083
8.
38,916
8.
43,051
35,045
39,963
23,687
42,787
22,724
21,548
50,620
53,011
23.
The lire
Fire
was
Cotton
.
50,258
29,773
freights the past week have been
38,039
S.
Sulur.
Liverpool, steam d. I
Havre, steam
Amst’d’m, steam
Do
d.
3,700
7oo
1, 7o
313
Lis...
5,185
9.550
(>, 1*2(;
so,5
Charleston—To Barcelona, per bark Guayaquil, 805
Galveston—To Bremen, per steamer Marchioness, 4,955.
To Amsterdam, per steamer Iuvermay, 3,495
To VeraCTuz, per steamer Whitney. 1,139
Wilmington—To Liverpool, per barkFidon, 1,545
I
Market,
12:30 i
'
.m.
/
;
(J
New York
N. Orleans.
Savannah
.
.
ponl.
9.287
27.8 10
..
9,180 10,385
9,550
Norfolk
...
Newport N.
Baltimore
.
Boston
Phi la del* ia.
....
0, H5
...
S( »5
1,955
1,545
’
95
1,139
1,850
.13.90 1
301
1.900
937
4,220
5 50
1,14-0
Total... 75,313
1,395 12,085 27,220
9,057
7,003
the latest dates;
....
732,‘-'14
732
732
J4
r,32
&;(2
0C4v/"";32
! Dee. 23.
B e. 10.
03,000
75,000 j
3,0(>o;
5,0(»0;
4,0<>01
Bee. 30.
»
74.000:
59,000
4,000
0,000
38,000
11,000
3,000
4,000
o.ooo;
4 1 ,OOU
52,000
51,000;
29,000
22,Ooo!
20.OOO;
20,000
570,000:
3s9,000
5^2,000;
004,000
7,00(>!
582,000!
392,0(4)
103.000!
9,000 j
71,000;
<(,(>( to
102,000
85,000!
419,000
1 5*5.000
*>7,<H>0
111,000
83,000
253,000
287,000!
83,000
27O,(»00
235,000'
270,000!
255,000.
285,000
275,000
Tuesday.
Wed ncs.
Firmer.
Good
dem^iud.
Th
u
Friday.
rsd'y.
Freely
Freely
(.die led.
oifered.
534
534
»
15,000
1,500
15,000
1,500
3 2.000
5*h
Sales
s
Spec, it exp.
0
0
&
fe
p
Futures.
s
(
4 1*. M.
$
1,000
1,500
&
■
.
Steadv at
2-cS4 a<t-
Market. )
12:30 1*.Si. \
Market,
10.000
•
Steady
.
Quiet at
partially
fiaiwlj.
1 -04 adv.
vanee.
•
1
«
Very
steady.
Very
Steady.
Quiet.
easy.
'
The opening, highest, lowest and closing prices of futures at
Liverpool for each day of the week are given below. These
prices are on the basis of Uplands, Low Middling clause, unless
otherwise stated.
4
£Yr3 77iC prices arc given in pence, and 0 lilts
(id :•*■!</.. and 5 01 means 5 1-04(1.
805
9.5 S 9
3.395
| £ut., D<‘e, 21.
1
i
-
December..
Dec.-Jnn
...
h
Feb.-Mat ch
s
1,440
Mar.r A
P
...
pril.
Aprll-May..
May-June..
2a
Juno-J uiy..
;
!
J
1
uly-Aug...
1
•
f
*
,
High Low. CIQ9,
d.
d.
d.
5 12
541
5 42
i
? n
5 12
5 it
5 42
1!
5 41
5 12
5 41
5 42
|j 5 4-
5 43
5 42
5 43
a.
:> -11
i 5 13
j 5 0)
1
!
5
{ 5 40
j
■
27.
Tiles., Dec.
!| 5-It
1
means
; 5 it
--(
c
03
J Open
j
t
1
3,198
4,25(5
carrying
down to
j
Mon., Dee. 2(i
i
Jan.-Feb
1,109 131,418
thus:
j
Total.
17.014
57,35 1
1 5,082
13,90 l
7,148
7,148
Below we add the clearances this week of vessels
cotton lrom United States
ports, bringing our data
.
(5,120
Charleston.
Galveston.
Wilmingt’n
3.155
•7:(2
5G]C
....
Jtolterd.,
Ycra
Amster- Barer- i'n z
J!i\ in.
conn
Iona
and
and
and
and
YarHull. Havre. II a mb. Anne. Gem,a. mo't/i.
1,395
719 3,800 2,070
313
....
7a2 d 14
7:i2
I
Saturday', Monday.
Mid. Orl’iis
;
1.148
....
]-i
U
;
Mid.Upl’ds.
Monarrli, 0,250
13,9(5 1
Newport News—To Liverpool, per steamer Cadiz, 7,148
7,1 m
Baltimore—To Liverpool, per steamers (additional) 301
301
To Bremen, per steamer Weser, 1,900
1.9(5o
To Rotterdam, per steamer Urhino, 937
937
Boston-To Liverpool, per steamers Catalonia, 1,335 : Mich¬
igan, 2891
4,226
To Yarmouth, per steamer Dominion,30,
30
Philadelphia—To Liverpool, per steamer British King, i,4l’o!. 1.440
usual
....
•
1,850
13
35*
....
•
•
....
35’
#
3,49.5
1,139
1.5 15
our
1,32®%
....
....
....
J
j
....
Per 100 lbs.
Spot.
4,955
particulars of these shipments, arranged in
form, are as follows :
1
1
38
....
15t>r« °:<2 1Y±U 9y*g 7agd 9;j2 7o_>S?S2
;
•
mmmrn
■The tone of the Liverpool market for spots and futures each
day of the weekending Dec. 30 aiul the daily closing prices
of spot cotton, have been as follows :
3.15.5
1.000
Yalona, 2,900.
To Bremen, per steamer Naples, 0.120
Total
j
a
Sales of the week
bales!
Of which exporters
took—j
Of which speculators took...
!
Sales American
Actual export
1
Forwarded
!
Total stock—Estimated
j
Of which American— Eslim’d
Total import of the week
j
Of which American
j
Amount alloat
i
Of which American
i
loo
4,715.
27,*'tO
To Ha\ re, per ships N. B. Lewis, 4,100 ; Prince Lueien, 5,020.
9, iso
To Bremen, per steamers Chancellor, 5,150; Thomas Turnbull, 5,235
io,;;s5
The
J
•••
3S
35*
35*
Bee. 9.
1 305
710
To Antwerp, per steamer Mandalay, 3,155
To Barcelona, per bark Barcelona, 1,000
To (tenon, per steamer (tleadome, 5,485
Savannah—To Liverpool, per steamer Elsie, 0,59(5... per bark
....
....
....
9,287
..
....
•
38
....
p
t
Fri.
Liverpool,—By cable from Liverpool wo have tine follow¬
ing statement of the week's sales, stocks, &c., at that port,
We add previous weeks for comparison.
...
Winnipeg, 7,714
c
P
..
Total bales.
..
....
3»
K
$
Barcelona,steam d.
Genoa, steam
.d.
Trieste, steam...d.
Antwerp, steam d.
*
....
«...
....
&
d.
sail
....
J
kn
r~<
c.
Thurs.
38
O
via Leith d.
Reval, steam
Do
!
c.
:
3s
|
;
sail...**.
Do
....
*
•
Hamburg, steam c.
134,448 bales. So far as the Southern ports are concerned, these
are the same exports reported by
telegraph and published in
the Chronicle last Friday.
With regard to New York we
include the manifests of all vessels cleared up to Thursday.
To Havre, per bark Albatross, 1,850...
Norfolk—To Livt rpool, per steamers Lake
Wednes.
•
c.
follows
as
*8.
;
:
c.
sail
Do
recei /ed to Dec. 30 in each of the years named.
Shipping News.—The exports of cotton from the United
States the past week, as per latest mail returns, have reached
Liverpool, per steamers Britannic, 2.(503
Halley, 1,500
Pennsylvania, 1,00s
Tycho Brahe,
1,704
Umbria, 192
Wisconsin, 1,020
:
To Hull, per steam* r Martcllo, 1,395
To Havre, per steamer La Bourgogne, 749
To-Bremen, per steamer Alter, 100
To Hamburg, per steamers Bohemia, 2,500.... RlnuMia, 1 ,o00
Taormina, 200.
To Amsterdam, per steamer Zaandam, 700*
To Antwerp, per steamer Pennlaml, 1;370
To Bareeloua. per steamer Alesia, 313
New Orleans—To Liverpool, per steamers. Ala va, 3,800; Ameri¬
sail.
Do
receipts since Sept. 1 up to
to-night are now 276,237 bales more than they were to the same
day of the month in 18S6 and 433,488 bales more than they
were to the same day of the month in 1885.
We add to the
table the percentages of total port receipts which had been
4,482;
lues.
•
c.
—
Bremen, steam
This statement shows that the
can, 2,750; Catalan, 2,750;
(Jordon Castlo,
more, 3,792 ; Saint Asaph, 5,551 ; Southgate,
Mon.
;
:
sail., id.
Do
3,085,550 3,709,313 3,552,002 3,030,250 3.437,898 3,511,173
Percentage of totalj
G5-82
70-01
70-S3
5S"38
I>ortrec’ptsDee. 30i 09-72
New York-To
conliued in the alter hold in 000 bales cotton.
the 23d.
'
on
32,017
Total
Liver-
was
subdued
-
36,261
to ves¬
steamer, struck an obstruction in the Soul hern Branch
about 8 miles from Norfolk, Dee. 21, and sunk in about 10 feet of
water.
The steamer was loaded with cotton and country produce.
35,840
61,344
8.
received to date of disasters
United States ports, &c.
Conepo,
8.
26,457
27,170
53,191
27,328
31,185
Below we give all news
sels carrying cotton from
19,822
35,343
39,243
,
rvou xlvj.
Galveston—For Liverpool—Dec. 2 4—Steamer Bemila, 2,994.
For Bremen—Dec. 27—Steamer Fallodcn, 4,000.
New Orleans—For Liverpool—Dec. 24—Steamer Electrician. 0,850
Deo. 20—Ship Algoma, 0,240—Dec. 27—Steamer Californian *> sen*
For Bremen—Dec.24—Steamer Wuotau, 4,080.
5
Mohile—For Liverpool—Dec. 27—Steamer Clare, 5,001.
Charleston—For Liverpool—Dec. 24—Barks Poliona. 2,560-Onliir
1,300....Dec. 27—Bark Wilhelmene Fust, 1,100.
’ 1
For Havre—Dec. 27—Bark P. A. Munch, 1,300.
I
For Bremen—Dec. 23—Steamer Thornholme, 4,100.
Norfolk—For Liverpool—Dec. 20—Steamer Canopus, 0,000.
West Point— For Liverpool—Doe. 24—Steamer Broomhaugh,
0,297
Boston—For Liverpool—Dec. 24—Steamer Pavonia, 1,414
Dee. 21-^
Steamer Palestine,
.
For Yarmouth—Dec. 27—Steamer Dominion, 37,
Baltimore—For Liverpool—Dec. 23—Steamer Nessmore, 3,303
Dec
24—Steamer Peruvian.
For Havre—Dec. 23—Steamer Amethyst, 400.
Philadelphia—For Liverpool—Dec. 27—Steamer Lord Clive,
1882.
2,420,284 2,401,937
34,792
31,488
,
CHRONICLE I
541
5 48
5 43
543
5 48
5 50
5 50
!
5 £0
5 52
j
5 52
5 52
1
5 14
5 -1(5
j
893
THE CHRONICLE.
31, 1887. J
December
Wednes*. Dec .as.
Thurs., Dec. 29.
Fri., Dec. 30.
Open High Low. Clos.
Open High Low. Clos.
1
!
Wheat.
Flour.
Oats.
Com.
Rye.
Barley.
Bbls.WQlbs Bush.QOlbs Bush.56 lbs Bush 32 lbs Bush.4Slbs Bu. 50 lbs
Open High
December.
Dec.*Jan...
jan.-Feb..
J Low.
Cl08.
i
d.
d.-
d.
d.
5 43
5 43
5 42
5 42
5 43
5 43
5 42
5 42
5 43
5 43
5 42
5 42
d.
d.
d.
d.
d.
d.
d.
5 43
5 42
5 43
5 43
5 43
5 43
543
d.
| 542
-i 5 42
5 42
5 42
5 42
5 42
5 42
5 42
5 42
5 42
5 42
5 42
5 42
5 42
5 42
5 42
5 42
-
'
Milwaukee.
.
Toledo
Detroit
Cleveland.
St. Louis
Peoria
..
5 44
5 44
5 43
5 43
5 43
5 43
5 43
5 43
5 43
5 43
5 43
5 43
Mar.-April,
April-May . 1
5 40
j 5 48
5 46
5 45
5 4i
5 44
5 44
5 44
541
5 44
5 45
5 44
5 45
5 48
5 47
5 47
j 5 40
5 40
5 40
5 46
5 40
5 40
5 46
5 48
May-Juoe..
5 50
5 50
5 49
5 4!)
5 48
5 48
5 48
5 48
5 48
5 48
5 48
5 48
5 50
5 50
5 50
5 50
5 50
5 50
5 50
Tot wk. ’87.
5 52
5 52
5 52
5 52
5 52
5 52
5 52
Same wk.’86.
Feb.-March,
Jane-July..
5 52
5 52
5 51
551
i 5 50
July-Aug
5 54
5 54
5 53
5 53
5 52
ii
...
.
Minneapolis.
222.002
rs
has restricted fcminess for
local trade has purchased sparingly except
export, snd the
of some favorite brands of patents.
sluggish within the
range
Tne
has been
more
active at full prices.
a3
done for
the
English markets. Choice grades of spring growths have been
especially brisk in the spot market. To-day the demand was
fair, with prices somewhat better, especially for immediate
delivery, and 32,000 bushels were taken for export.
Sat.
Mon.
;
:
January delivery
February delivery
_
March
delivery...
April delivery
May delivery
June delivery
lecember ’88 delivery...
S*
r*
rr
zT
until
Tves.
92 U
Wed.
i) 1 %
93:5s
91 Ej
9‘278
99 7s
9r>i.2
9(3 It
90r>8
91 "s
9.‘)r*8
995d
99
Thurs.
91
957h
yesterday, wh en
there
7s
Fri.
923s
93
93f,s
Ol'g
95*6
95%
9 1 %
95 7s
99 '4
90^
99 7s
95%
90;8t
was some
revival of export
demand Lnd a better home trade, giving a
stronger turn to prices. N w c\rn continues to be marketed
prttty freely and is generally in fair condition for present
use, and tome is taken to go forward by steamer.
To-day
there was a hardening market, but not much activity.
CLOSING PRICES OF NO.
Sat.
January delivery
-February delivery
•May delivery—
_
Turs.
_
(3214
(>2‘-%
(33's
w,
^
£z
/
2 MIXED COHN.
Mon.
~
—
Wed.
(32 >8
02 *•_>
Thurs.
02 *4
Fri.
03 ‘4
02 7>s
03 >4
034
03r,s
03's
Oats lave been very active for the home trade, and prices
have advanced. The speculation has been sluggish in mixed
grades, but active lor white. To-day prices
were
again slightly
dearer.
Mon.
Sat.
January deli very
February delivery
March delivery..
_
rr
—,
-z>
—
2 MIXED OATS.
Turs.
38 4
39
40
Wed.
Thurs.
Fri.
39:4
3S4
394
40 4
39 78
11 4
404
38%
Rye has remained quiet, but prices are firmly ma;ntained. Barley has been taken more freely at fu'l prices.
Badey malt was in fair demand.
The following are tie closing quotations
•fine...
f? hid. $2
•Superline
2
'fpnng
wheat extras. 2
"*inn. clearand
3
stra’t.
Winter.'shipp’ ir extras.
Winter XX andXXX.
Patents
'Southern supers
8outh'n com, extras..
2050
50v/.<
80 iv
(35 <!)
2 85 w
3 30
a
•1 25 iv
2 75 <V
3 25 ev
,
3 00 i
family brands
.83 00«$4
20 1 ~
Ryu Hour, superline.. 3 50 w
4 (JO i
2 70 (b
Fine
3 25 I Corn meal—
1 30
3 00 w 3
Western, Ac
1
'3
5 00
3 00
|
j
3 25
100 lbs
2 25 ii
2 35
! Buckwheat Hour, per
3 50 1
25
iv
15,623.976
1,045,985
1,209,094
1,970,41
70.735.88S
41,011,070
58,455,943
39,530,502
41,390,007
41,820,982
13,720,725
11,941,971
week extra.
1887.
*1880.
*1885.
"1884.
15,975,905
10,949,096
10,908,140
12,028,133
47,834.077
92,950,183
83,328,030
58,093,895
81.180,209
53,510,350
10,920,288
1,221,717
49,184,828
10,045,851
grain... 217,268,537
Include
one
At—
New York
51,575,249
1,588,990
201,299,839
203,101,293
211,502,479
Philadelphia...
5,940,740
(3,001,798
week extra.
Flour,
Wheat,
Corn,
Oats,
bbls.
bush.
bush.
bu*h.
138,303
Boston.
Montreal
04,716,602
52,440,028
7,710,8(32
2,224,1343
The receipts of flour and grain at the seaboard
week ended December 21, 1887, follow:
218,210
01,5100
53,(390
0,533
15,(320
53,505
5,085
..
i 70,747
31-1,010
12,152
82,913
10,865
Rye,
Barley,
258,000
80,083
10,050
38,989
131,828
91,438
31,250
19,771
ports for the
bush.
bush.
85,800
1,288
12,300
1,200
500
1,800
13,800
1-1,325
4,050
......
130
8,838
Norfolk, Va
r
New Orleans...
20,950
80,377
Total week. 28 4,224
475,319
Oor. week ’8(3.. 285,139 1,,114,072
707,158
855,217
10,78(3
.
.
.
.
.
1,175
7,7(38
iafe»72
412,000 113,100
453,937 195,325
The total receipts at tin same parts for the period from Jan.
1 to December 24, compare as follows for four years:
j
Flour
bbls.
Wheat
bush.
1887.
*1880.
T885.
*1891.
15,339,958
13,(395,088
13,570,822
14,027,521
85,229,(337
45,751,350
80,809,010
41,888,034
0,380,84(3
1,140,901
70,205,809
49,311,111
32,497,100
0,553,042
5,531,988
.Corn
48,300,009
Oats
30,172,030
5,730,149
72,507,529
77.905,927
37,492,110
0,098,101
734,219
020,731
Barley
Rye
Total
grain
Include
170,220,044 195,350,704 182,080,857 104,099,000
one
week extra.
The exports from the several seaboard ports for the week
ending Dec. 24, 1887, are shown in the annexed statement:
Exports
from—
Wheat.
Corn.
Hugh.
Hush.
Flour.
Oats.
Uhls.
Hush
New York!
Boston.
Portland.
N. News
Philadel
BaltimTe
N. Orl’ns.
Riclim’d
Norfolk..
401,504
31,815
8,322
Tot. w’k.
8’ine time
1880. ..*
191,710
201,980! 329,015
981,327
873,122
147,041
8(3,12(3
7,188
5,53(3
18,402
61,400
35,140;
25,359
25,000j
27,750;
.
94.4071
48,015
2,000
|
Rye.
Peas.
Hush.
H ash.
1,291
950,
41,9*03
202
57,318
.
950.
3.lit'
119,809
5,492
| 29,897
43,254
The destination of the exports
corresponding period of last
Exports
for week
1«S7.
to—
Week,
year
is as below. We add the
for omparison.
Corn.
Wheat.
188(3.
Week.
Dee. 25.
Per. 24.
75
75
3 20
37,880,595
33,371,845
20,745,942
5.502,970
4.577,060
81,370,701
I30
Brandywine
42,498
27,688
40,305
1,801,042
Flour.
Southern bakers' and
538,344
604,965
493,341
70,245,475
:
FLOUR.
974,554
802,130
994,780
1,361,417
.
DAILY CLOSING PRICES OF NO.
144,000
125,850
bush.
Total
*
*
DAILY
317,500
8,250
0,000
6,000
29,910
comparative shipments of flour and grain from the same
Baltimore
Richmond.
CLOSING PRICES OF NO. 2 RED WINTER WHEAT.
DAILY
55
100,202
24,000
1,904,770
1,371,320
bids.
of fractional fluctu¬
was
500
145,000
2.354,055
2,569,370
one
Flour
Barley
Rye
mainly for the Continent, but something
110,033
follows:
Wheat.
Coru
Oats
The buying has been
277,099
50.000
0,449
9,114
19,106
ports irom Jan. 1 to Dec. 24, inclusive, in four years, show
It may be noted, however, that business for export
ations.
Include
Specu¬
The wheat market has leen inactive and unsettled.
lation has been
*
000.825
238 862
]
8,774,732
has been Aety quiet for the week under
The firmness of holde
48,072
51,903
0,000
15,639
10,170
1,784
870,937
23,590
13,700
16,713
44,150
012,180
729,330
794,080
18S6*
Friday, P. M., December 30, 1887.
ieview.
78,900
2,000
.
1887
The flour market
190,856
31,113
Duluth
Same wk.’85
Since Aug. 1.
BREADSTUFFS.
417,129
169,500
20,792
5,473
4,543
3,609
16,025
Chicago
1887.
Week,
Dec. 21.
1880.
H7v/.\
Dee. 25.
Bbls.
Hush.
Hush
192,940
290,730
011,189
3.1,70 1
25,0,9
19,712
82,0(39
31,73!)
9,970
14,488
11,194
605
409
329,015
149,8(39
Bbls.
Un.King.
231,1(3-
Cont’n t..
18.287
S.tfcC.Ani.
W. Judies
Brit, col’s
Oth.c’n’ts
370,138
2,040
1 8-87.
1880.
Week.
Week,
Die 24.
Vie 25.
Hush.
Hush.
215,044
31,850
15,2!) 1
471,742
38.8,542
5,757
1,995
4,(339
200
200
2,242
GRAIN.
'Wheat
Sprim
Sprim
Oats-Mixed
-
per bush...
2
■
■No. 2...
Wliitt
mixed.
edX'o. 2.
lute
■How
hern
l
Bye—
,
4? bush.
8f>
92
93
'</
(V
a)
8(3
85
XV
a(30
G2Pb rr
(30
it
(30
it
....
07
ra>
rv
97
93
94
|
5)0
95
;
38
©
41
iv
oS * *4 W
•11' •2 u)
45
40
42
94
Tv
97
77
S3
82
iv
'iv
80
85
41
White
No. 2 mixed.
No. 2 white...
.
e
Produce
Canada No. 1
Two-rowed State..
044
04
Six-rowod .State
05
Milwaukee No. 2...
05
I Malt—St ate, 4-ro wed.
i
State. 2-rowed
! Buckwheat
i
70
....
,95
85
00
iv
85
®1 00
iv
arranged
so as to present
tive
movement for the week ending Dec. 24,
August 1) for each of the last three
years;
0
491,710
981,327
201,980
873,122
By adding this week’s movement to our previous totals we
following statement of exports this season and last
have the
the
Exports tc—
compara¬
1887, and since
Sept. 1/37, Sept. 1/80, Sept. 1/87, Sept. 1/80, Sept. 1/87. Sept. 1/86.
to Dec.
24, 1887.
•*
Uhls.
Un. Kingdom
2,908,998
to Dec.
20, 1880.
Bbls.
S. &C. Am...
201,227
829,027
West Indies.
803,811
Brit. Col’nies
332,*542
11,135
1,903,529
205,903
=873,961
.249,8(3
237,889
18,001
4.08H.H73
9 OO I MOC
Continent.
..
Oth. countr’s
Tnt.nl.
Corn
Wheat.
Flour.
90
Exchange. We first give the receipts at Western
and river ports,
.
season :
Burley—
The movement of breadstuffs to market is indicated in the
statements beiow, prepared by us from the figures of the New
iork
Total.
to Dec.
to Dec.
to Dec.
to Dec.
24, 1887.
25, 1880.
21, 1887.
25,1880
Hush.
7,997,457
5,523.319
19,872
9,421
4,505
22,130
i u
>*n •
Hush.
Hush.
12.192,341
9,311,922
5,837,580
1,390,144
15,h 03
330,751
3,071
101,235
88,724
13,313
65,711
91 5 01 W>‘
Hush.
0,874.003
3,1 SO,513
303,019
161,409
5,906
19,347
7M| .7-17 V) pAi.r»ij3
THE CHRONICLE
894
grain, comprising the stocks in granary
of accumulation at lake and seaboard
ports, and in transit by water, December 24, 1887 :
The visible supply of
at the principal points
In store at—
New York
Do
afloat
Wheat,
Com,
bush.
bush.
224,000
2,000
2,650,132
5,191,001
Buffalo
Chicago
“
lis 181722
28,484
71,000
St. Louis
Cincinnati
Boston
Toronto
Montreal
4,073,810
32,000
221,771
1-4,812
120,350
034,349
02,750
180,906
395,952
Philadelphia
Peoria
Indianapolis
Kansas City
Baltimore
bush.
367,400
281,350
71,801 1,049,313
349,151
27,448
.
St. Paul
On Mississippi....
On lakes
On canal & river.
29,592
28,703
252,781
10,572
15,491
15,278
10,698
7,000
70,402
417,805
29,750
53,850
054,421
205,020
100,828
13,135
02,934
741,000
80,094
113,000
14,259
3.700
4,470
44,731
2,080
this week’s not received,
274,077
279.079
420,905
815,075
3.G76,855
3,000,800
2,900,901
2,327.152
024,343 1,935,587
t Minneapolis and St.
According to Beerbohm’s London cablegram, the amount of
corn on passage at the dates mentioned stood as
wheat and
follows:
Week
on
Passage.
Wheat.
To United Kingdom., qrs.
To Continent
1,455,000
211,000
Week
ending Dec. 21.
Corn.
Wheat.
Corn.
380,000
49,000
429,000
1,405,000
215,000
1,680,000
397,000
08,000
22,480,00013,200,000
33^ \ for 56x60s,
22,000,000)3,120,000
of Indian wheat for the week, year and season
below:
exceptionally small supply on hand. Stocks last
and for the three previous years were as follows :
Week end'g Week end'g
Dec. 17.
Dec. 24.
.bush.
To United Kingdom
To Continent
Total
THE
DRY
April 1 to
Dec. 24.
60,000
120,000
100,000
180,000
12,300,000
180,000
280,000
23,800,000
GOODS
Prints
general expectatic n, business in com¬
mission and importing circles was very quiet the past week,
as fs invariably the caee at this stage of the season,when job¬
bers are anxious to reduce their stocks to the lowest possible
point in order to take their semi-annual inventory and close
up the transactions of the year.
There was, however, a good
steady movement in certain spring fabrics on account of
former orders, and the deliveries made in this connection by
the domestic commission houses reached an important aggre
gate amount. The jobbing trade in the regular way wan
quite moderate, but a large distribution of domestics, prints
dress goodp, ginghams, &c., was made by leading jobbers
who habitually close out their open stocks at low figures
when about taking account of stock. The market for most
kinds of cotton goods retains the firmness of tone reported
for some time past, and the year closes with unprecedentedly
email stocks on hand, while (partly owing to curtailed pro¬
duction) dome Stic woolen goods are not in redundant supply,
nor are the majority of imported fabrics.
Domestic Cotton Goods.—The exports of cotton goods
from this port for the week ending December 27 were 4,048
packages, valued at $264,785. These shipments include 2,107
to China, 706 to South America, 610 to the Wist Ind^s, 259
to Mexico, 168 to Europe, 108 to
Central America and
90 to all other countries.
Since the 1st of January the
exports aggregate 190,166 packages, valued at $11,610,083.
Of this total China has had 89,659 packages, valued at
$4,269,466, and 42,338 packages, valued at $8,049,511, have
gone to South America. For the similar period of 18S6 the
exports to all ports reached 208,325 packages; and in 1885
were 176,129 packages.
The demand for cotton goods at first
hands was comparatively liglt as usual during the latter part
of the year, lut agents cortinued to make literal shipments
Saturday
1885.
Dec
1884.
26.
Dec 27.
4 0,000
91,000
07,000
120,000
37,000
30,000
8 9,000
3-9,000
320,000
240,000
50,000
275,000
470,000 1,374,000
in fair demand and very dm at opening prices,
liberal .movement in printed cotton dress
were
w*sa
goods, lawns, batistes, gmg-ia ns, seersuckers and cotton
hosiery on account of bac* orders.
Domestic Wuolen Goods.—The market for men’s-wear
woolens was tame and uninte eating, transactions in heavy
goods having been few and uuimportant, while there was a
strictly morit r.tte business in light- wmght cassim -res, suitings,
cheviots ami worsteds.
Overcoatings rulud quiet, but indica¬
tions of an improved demand in i-he near future are not lack¬
ing. Jersey curbs were in pretty goo 1 request by manufac¬
turers, and there were mod rate dealings in certain makes of
fancy cloakings. Satinets were delivered ia fair quantities in
execution of biek orders, but i>e * business in these goods was
comparatively smtil, an i Kentucky jeans ind doeskins were
slow of s Je, i u steady m price.
Flannels and blankets were
in limited dem n i by wholesale buyers, but fair quantities
were disiriouted by j >bb rs and prices remain stetdy.
Allwo< l and wois ed dress fabrics continued io moderate request,
and there
was a
f dr bu^int-hs in carpets.
goods
Foreign Dry Goods.—Importei
quiet in de¬
were
mand, but c msiderable stnpmeuts of certain specialties were
made to rntmi >r markets on account of previous transac¬
Imports of spring go »ds are coming forward freely,
distributers ihrougnouo t le country are carrying such
tions.
1 jo ibers anticipate an
improved demand in the eao> part of the coming year.
small stocks chat both imp li ters an
Importations of Dry Goods.
importations of dry goods at this port for the week
iding Dec. 29, 1887, an l smcj Jan. 1, and the sime facts for
The
TRADE.
In accordance with
1886.
c. 25.
200,00(1
253,000
Total stock (pieces)
11,500,000
Friday, December 30,1887.
D
hi
Held by Providence manuTrs.. 214.000
Fall River manufacturers..., 3,000
Providence speculators
21,000
Outside speculators (est)..... 15,000
Tt
a
P
p
Mo Mert
rt
0*
C P
►s
O
ert
>—
o
p
W
^0
H
c
New York,
1887.
c 24.
Work of Pri.nl Clot hr—
and
Indian Wheat Exports.
at which figures there was no pressure what¬
part of manufacturers to sell, because of the
the
on
ever
405,000
13,328,00013,432,000 13,440,000 3,720,000
Same week in 1880.. bush.
The exports
i
1,600,000
Total quarters
Equal in bushels
are as
ending Dec. 28.
the close of the week were advance t to 3 9* 16c. for 64x64s and
and there
Paul not included.
Crain
plain and colored cottons, white goods, &c., in execution of
firm, with an upward
tendency. Print cloths were in good demand and prices at
back orders, and prices remain very
18,500
0,300
5,759,407 5,859,191
43,231,009 5,380,409 0,091,270
02,204,343 12,584,005 4,990,485
58,431.813 8,320,095 2,880,908
43,382.190 4,124,812 2,319,974
of
184,005
13,247
23,592
127,814
Tot. Dec. 24, ’87. 44,247,634
Last week’s stocks;
8,097
14,000
18,090
97,717
9,292
247,392
30,758
~
900
287,238
145,300
1,471,778
8,084,827
c 00,000
Minneapolis
*
109,4 65
45.400
17,291
50,000
812,805 1,179,935
243,000
27,000
1,032,954
Oswego*...
.
6,799
....
1,983,833
0,100,600
Duluth
Toledo
Detroit
17,’87.
Tot. Dec. 25, ’80
Tot. Dec. 20, ’851
Tot. Dec. 27, ’841
Barley,
80,084
afloat....
Milwaukee
Tot. Dee.
Bye,
bush.
1,744,054 1,920,645
8,300
45,500
35,400
103,837
331,777
1,318,155 1,010,238
8,756,815
Albany
Oat 8,
bush.
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