Full text of Commercial and Financial Chronicle : February 1, 1890, Vol. 50, No. 1284

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mm

HUNT'S MERCHANTS' MAGAZINE,

REPRESENTING THE INDUSTRIAL AND COMMERCIAL INTERESTS OP THE UNITED STATES,

VOL.

SATURDAY, FEBRUARY

60.

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1.

NO. 1,284

1890.

more than twenty millions is at New York. The decrease outside of New York is pretty well distributed, all the various
sections except the Middle, sharing in it. There has been
more activity on the Stock Exchange in this city during the
week, but the dealings in Boston fall slightly behind thoee
for the previous week.
Contrasted with the same week of 1889, the current total
exhibits an excess of 7-9 per cent, the gain outeide of New
York reaching 12" 1 per cent. The only important losses recorded are at 'Popeka, Los Angeles and San Francisco. On the
other hand, there are a number of heavy percentages of increase, notably Fort Worth 291-5 per cent, Tacoma, 71 "4;
Sioux
City, 67-9;
Cleveland, 484; Des Moines, 48-1;
Ldncoln, 42-2, and New Orleans, 41-2 per
Denver, 43-8
cent.
;

n^eek Ending

January

fVetk

26.

End-g Jan.

18.

Tenns of Advertising.
AdTertisements ordered for less than one morith, in the Commercial
at 25 cents per line each inserfor one mouth or longer, a liberal diso^junt is allowed, and the net price^t may be obtained on application at the oflice. The lowest rates on permanent cards deflnltely ordered for one year are 8 cents per line each insertion, making $58 for
one inch space one year. Space is measured in agate type— 14 lines to

& Financial Chronicle, arepuhlished
When orders are definitely given

tion.

the inch.

Iiondon Ascnta|:
Messrs.

Edwardb &

scriptions
Is. each.

Smith,

1

Sales of—
iStoekt

(Cotton

(Groin
(PetroUttm

680.851.812

653,681,833

shares.)

(1,338,5S1,

(1.115,800;

bnlet.)
tntshels.)
'"''.I

(l.l'Si.200)

Boston

Drapers' Gardens, E. C, will tafce sub
single copies of the paper at

and advertisements and supply

WILLIAM B nANi
JOHN
G FLOYD
"""
^- '^"^^"-

P.Ont.

New York

5*80,«00
1336.228

1,167.1(16

8prinf{6eld

l.in«t,eMi

1,200,892
993,449
927,961
701,427

-H6-4

New

England...

The following table, made up by telegraph, etc. (as fully Wa«hington
SyraouBe
explained on this page in our issue of October 36 and previous Wilmington,
numbers), indicates that the total bank clearings of all the Buffalo*

208,093, last

have been $1,130,418,679 against |1,104,-

1,

week and

fl,023,535,426 the corresponding

week

last year.

Total Middle..
ChicafiO
Cincinnati

New York
Boston
Philadelphia
Baltimore

Chicago
St. Lonls

Seven
Other

cities,

cities,

Total

6 days

5 days

all cities,

6 days

AU cities, Iday
Total

all cities for

week...

1890.

1889.

$604,101,103
79,320,229
86,942,937
12,097,411
62,176.309
18,794,704
10,483,275

$506,67u,264
72,934,466
63,425,563
10,416,626
46,767,000
13,046,071
9,290,552

«831, 91,5,968
108,116,397

$711,649,541
93,500,000

Per Cent.
-(-192

48-8
-i-66

-H6-3
4-140
-t-2ll

-H2-8

.

.

Tacoma
Portland*
Seattle*

Total Paoiao..

Kansas City
Minneapolis
Paul

St.

$940,032,366
190,386,314
$1,130,418,679

$b06,049,541
218,475,885
$l,023,525,42d

-I-16-9

Omaha

-I-16-3

Denver
Daluth

-H6-8
+10-4

St. Joseph....'....

+r«

8.:'I96,I06

-S-B

-fl7-8

l.S6a,92»
1.46S.739
1.188,809
1.101.477

-(-0-8

SJMl.OOO

-1-1

-t-T^

478,106

1U.738,88«

7fl,078,65«

64^43,075

-1-17 9

1».U«7,B00
14,14U,liu

12,!«W,S54

-rSll.

1«,3«.1.1>04

-t-MI

73,071.488
15.302,674
15.515,174

USU.UUU
633,484
772,74»

-HWl

1.396,31

9U1,14:<
6,22»,62'

4-20-4
-t-ie-e

739.S6I

987,470

—rs
-l-M-7

fare
-H8-8
-lOtl
-1-8

-0-1
4-19-8
-h«6-6

-••0
-H6-8

6.87ll,S26

109,272,98*

91,570,819

62.665.792

53.398,019
10,117.800
4.711,uaj
4. 132,79 <
S,34U.I133

-(W3

106,962,173

-I-17-4

67.764.568
12,6N7.560
5,467,978

-1-281
-1-19-S

-tU7
-H84

-f6-8

4,8l 1.076

6,068.107
3.442,300
8,479,116
1.279.774
724.393

2,U9i>.t)6!i

2,01U,M>1
1,827,371

1,340.268

1,46^,14)1

672,»l8

671,224

97,048,518

81,6100)06

-(-18'9

103,618,868

-(8-1

10,302,064
4«4.Sua
eou.uou
l,ieu,4S2
7B2,36l

18,745,200
660.700
S80,00u

-24-4
-2»-7

lt.e03.456
444je06

—17-6
—40-4
-tM-4

ll,4&7,:i64

14,7£ 6,900

-83-4

16,780,788

8.491.010
3.882,634
8,UftS,MM
3,169,335
6,321.846
2,147,216
1,299.886

H-l-O

8,87«.0;«
4.388.»8B
4.813,648
4.0U4.274
4,809,011
l.a76,286
I.73S.370
702.068

-f«<H
-fU-6

—N-S

+17-

-1-7

1-4

67U,0<7
l.b9U.6V7

874,473

-H>8
-t-«62
-t-28-0

ftas
—15-4

-(2-4

Wichita
SlooxClty
Des Moines

762.73'"

-4-6

440.22
464,698

-i-6r9

Lincoln

Sb3,4'12

-i.42-2

Topeka.

<-7Tlj

-Ot

2,6h«.100

ToUl Middle Western

(3.«.'<8.u00)

100.419.608
6,»4V.1UU

-6-4

,

San Frandaoo..
Los Angeles

(-)-6l-6i

87e,066

4.74U,Utl«
4.UB<).8HU

PeorU

(-18^

(694.900)
(24.096,068

108,I14,:02

8.620.442

Qrand Rapids.

1.

4-8

-a-0

(1. 193,648)

8S5,7k»

VZ.ii6b,iHio

Milwaukee....
Detroit
Cleveland

20-2
-I-1-36

P.Omt.
T01>,772,904
,772,t

107,211,084

7»2,WU

Indianapolis...

Werk Ending' Fehruary

1,I4»,56V
l,l'»7,6-4
702.';0«

l,»l!a,3l^

Del.

Columbus

Clbarixgs.
Returns by Teitorapli.

-80

2,0:i7.«70

Baltimore

day, February

i-2.-)-3

(-02-6)

Providence..

Philadelphia
PitlsbarK

to.

«3.4I9,238

Hnrttord
Haven....

Total

week ending

(35.HI3,123)
(14,824,0001

New

'WIE.tlAM B. DANA & Co., Pnblistacrs, Worcester
Portland
» ©^ William Strcel, NEW YORK.
5
Lowell
(
Post Office Box 958
New Bedford..

clearing houses of the United State.s for the

(27.467,«a8)
(5.8jo,ouu)

(-I-19-9

(+1W2

96,304,206
4.848,800
l,iwr.682

(

CLEARING HOUSE RETURN'S.

(3UH.4(l0

+5- 5

484,782

Tlie full details of clearings for the week covered by the
"87,648.447
81.283,585
Total Other Western.
above statement will be given next Saturday. We cannot, or
21.456.686
18,175,490
St. Lonls
17,642,033
12,496,121
course, furnish them to-day, bank clearings being made up by New Orleans,.
8.4UM.W3
6.664,3TO
Loatsvilie
3,832,233
3,272.292
the various clearing houses at noon on Saturday, and hence in Memphis..,*..,
l.Ull,4»7
2,135.010
Rlohmond
1,848,182
1.338,366
the above the last twenty-four hours of the week have to be Oaiveaton
1,1*2,021
SW.7S8
Dallas
1B28,8«7
390,478
in all cases estimated, as we go to press Friday night.
Below Fort Worth...
934.799
939,968
Norfolk
are our usual detailed figures for the previous week, that is Nuhvllle*
8,06a;»»*
»61,3»7
covering the returns for the period ending with Saturday Blnnlnccham*.
478,885
Lexington*....
noon January 25, with the comparative totals in 1889.
46,288.056
68,386,041
Total Southern...
It will be noticed that the aggregate for all the cities records
1.104,208,093 1.088.504.S63
Total all
a decline co upared with the week ending Jantiary 18 of thirty- Outside New r-irk
S«9.R28.7M0
414.».'6.48l
eight and a half millions of dollars, and of this loss a little
* Not. Included In total.t.

-nS-l

—32-6

7B6.01S
593.186
568.946
S6»,3«6

-ia-8

hAs-o
-K>-1
-f-lO-8

—IT*
-t-28-7

-r?

-(4!|-1

-4'4
-f6u-7

-15-S

88.888,496

-hro
-f-ia-a

-|-41'2

88,185.580
10,633,977

-t-26-a

8/W8,498

-I-81-1

T-T-l;

8,713.368
8.441,438
1,8*1,799
1,429.203
1,528,893
883.4 r7
8,019,486

-(-lS-6

-fl8-l

-)-38-l
-1-37 -4

t89l't
-0-1

-i-259

+83-9

+16-1
-1-110-1

-i-o

8w,»43
67SJM1
S9,409<62S

fSO-1

1.142,501.9K

+0i>

THE CHRONICLR

162

rvoL. L^

the fact) that each individual in these two classes held
on the average 7 shares in the first class named and 35

THE FINANCIAL SITUATION.
The condition of the money market is well illustrated
by the circumstance that three of our city banks, one
of them having 2 millions of deposits, have been forced
to jjtop business this week, and yet the event has not
produced the smallest fractional fluctuation in rates
for money or any material disturbance in stock

shares in the second class,

we should have 251,349

shares in these two classes alone, out of a total of 488,-

500 shares, or considerably more than half of the whole
distributed among 12,679 very small holders. That situation shows the impossibility of a repetition of the ex-

periment practiced on the Sixth National bank this
week.
There was no material change in money the past
ure, the closing of the doors of these institutions was
a peculiar and special affair, and not the result of week until yesterday afternoon, when there was a spurt
the decay of their business or the insolvency of to 7 per cent at the Stock Exchange, due it was claimed
of loans for some first of February payThe collapse was caused wholly to calling
their customers.
instance ments.
first
The currency movement has been against the'
in
the
practiced
fraud
by
a
upon Mr. Leland, the President of the Sixth banks so far as the Treasury is concerned, but in favor
National Bank, through a purchase of his stock of the banks on the interior movement. For call
(over half of the whole), and subsequently upon the money, represented by bankers' balances, the extremes
bank through an attempt of the purchasers to repay to have been 7 and 2^ per cent, with the average about_3^
themselves the amount given for the stock by stealing per cent, and renewals at the same figure; banks and
and selling the securities of the bank of which they trust companies have been able to keep their minimum
had thi;s obtained the control. But though this was at 4 per cent, though the offerings are free and
Time money is also in ample supply
unique, never having happened before in the city's abundant.
out-of-town institutions,
city and
history, and not likely ever to happen again, it was just from both the
urgent
as
as
a
with the demand not quite
the kind of affair sudden, unsuspected, fraudulent
which, if credits had been inflated or values fictitious, week ago. On Governments loans can be made at
would have quickly precipitated a panic. Of course no six months at 3^ per cent with such institutions as are
proof was needed of the soundness of the financial closely restricted in their line of securities; on prime
situation, and yet it is agreeable to note that neither collateral the rate is for sixty to ninety day money 34r
very close money, prolonged for months, nor even dis- per cent, and on four to six months money 4 to 5 per
astrous bank failures, seem to be able materially to dis- cent, with something doing at ^ of 1 per cent higher on
values or in the general confidence prevailing.

To

be

m

—

good mixed lines. In commercial paper the demand
worth remembering in continues active, many new buyers having entered the
connection with this event.
Some holders of bank field, some of them from remote Western quarters not
The supply of first-class names
stocks may feel disturbed on account of what has been often in the market.
found possible in this case, and not unlikely the attempt has been good and appears likely to remain fairly so for
will be made to use the affair for depressing that class some time, the needs of spring trade demanding the
of securities, for some no doubt would find profit in so issue of considerable amounts of paper. Quotations
doing.
It is well, therefore, to state for the relief of are 4f @5 per cent for sixty to ninety-day endorsed
small
all
holders for they are generally the more timid bills receivable, 5@5|- per cent for four months' acceptones that, not only is such a trick once tried impossi- ances, and 5|@6^ per cent for single names having

turb credits or confidence.

There

is

also another fact

—

—

is scarcely a bank in the from four to six months to run.
There has been very little change in money at
any size that could have such an experience.
The open market rate conThere is no class of corporations which, taken as a whole London the past week.
have their stocks so widely distributed. To gather up a tinued a little easier than last week, until yesterday,
majority interest in one of our large national banks, when it was stated to be somewhat firmer. Discounts
or in fact in most any of them, would be a hopeless, of sixty to ninety day bank bills were reported by cable
unachievable undertaking. For several years the Comp- at 4i per cent, but the official minimum is still 6 per
The event of the week has been a large arrival
troller of the Currency has prepared a statement showing cent.
the size and number of the stock holdings in all the of gold from Russia. The Bank of England reports a
national banks of the country.
Mr. Lacey the present gain of £1,489,000. This according to a private cable
Comptroller gives a similar compilation in his report to us was made up by receipts of £1,156,000, all of
sent to Congress last December,
It is not necessary to them being from Russia except a very small amount
take up our space by referring now to the situation in " bought " in the open market, of £433,000 arrivals
this particular of the 3,235 banks which the report from the interior of Great Britain, and by an export of
covers in the whole country.
We are at the moment £100,000 to Portugal and the Argentine Republie
only interested in one section
and that
one This import from Russia, with ^the large receipt from
section is in accord with every other.
There are 45 the interior, has improved decidedly the position of the
national banks in New York City about which Mr. Bank.
But short advances still remain high, being
Lacey gives [us the necessary data. These forty-fiva reported yesterday at 6@6^ per cent.
institutions have their aggregate capital divided
The foreign exchange market has been ruling very
up into 488,500 shares of $100 each.
Now, of firm all the week. Rates for sterling were advanced to
On Thursday
that total number of shares, there are 6,872 owners 4-84 and 4-88 on Monday by all drawers.
whose holdings are $1,000 (par value) or less, and the Bank of Montreal put up its rates to 4-84^ and 4-88^6,807 who hold between $1,000 and $5,000. In other With regard to the future of the market and the

ble of repetition, but there
city of

;

Last
it is impossible to speak definitely.
September we exported 2| millions gold, with the nomBut that, ifc
this number held shares worth inal rate of sterling exchange at 4 -88 J.
not to exceed $1,000 par value each. Furthermore, if may be said, was a special movement, and not a matter
tre assume (which by the way is probably not far from
True, and yet haye not thesa
of exchange at all.

words, out

of

a total of 15,247 holders, there are
which
held
over
$5,000

no
one
of
while more than half of
12,679,

exports of gold,

Febbuabt

THE CHRONICLE

1, 1880.J

epecial operations been the feature of the last year or
two ? Europe still wants gold, and the bankers at the
European financial centres seem to find it pays, in
some way, to make what looks like a sacrifice to get
gold, and thus keep their own money market easy.
Why should we not expect, therefore, during the current six months to see the yellow metal leave us, and

especially

money should continue

if

easy in

New York

?

the same time, the foreign trade outlook is
How much more
no doubt remarkably favorable.
favorable than a year ago the reader can see
in an article on a subsequent page reviewing that trade.
The December figures have been issued this week and
hence we are able to take in the whole year's movement.
Though the article referred to makes it not as needful

At

as usual to give here the ordinary

compilation of

the

163

be issued to retire that amount of bonds maturing January 1, 1891. This stock will be offered them at 75, while
the current market price

above 160, eo that the privibalance sheet of the company shows a surplus or dividend fund of #5,771,104 at
the end of 1889, the greater part of which exists in c»^h

lege

is

is

The

a valuable one.

While speaking with regard to the coal
interesting to note that the Reading has
issued its December statement, showing for

or cash assets.

companies,

it is

this

week

the

Railroad

Company

Company

(results for

the

&

Coal

Iron

are omitted as before) a gain in both gross

and net earnings, which was quite unexpected.
increase in the gross

is

054,942, against $1,400,512 in December, 1888;

net the increase

is

The

$254,430, the total being $1,in the

$101,165, the total being $665,500,

against $564,335.

The slock market, which early in the week gave decomprehensive and compact a cided evidences of an improving tendency transactions
resum6 of the entire foreign movement month by being heavy and the tone almost buoyant has since
month, that we insert it and thus complete the record. been adversely affected by one or two untoward occurFirst, there came the intelligence that the
rences.
rOREION TRADK MOVBMK.VT 0» THK CNIT«D STATKS— (OOOS omitted.)
Union Pacific and the Chicago & Northwest had both
Gold.
BiLTKR.
Mkrchandise.
given notice of withdrawal from the Inter-State Railway
Twtlvt
Exeeu
Bxcetti
SxExIm- SXCtMt Association.
ImMot.
This would have had comparatively little
of
Of Exof
BxDortt. ImporU,
porU. ports.
port!. ports.
TmporU.
ports
Exportt
effect, since it soon appeared that the managers of the
S
<
f
t
t
t
(
t
*
1S89.
companies, in their letters of withdrawal, had given
649
1.197
tM-S 3,003
3,130
1,663
1,440 two
r3,iRo «»(,360
Jan
1,47-3,69:
817
teei
1,149
1,450 expression to an earnest desire to maintain rates and
Feb... 3».8«i H-i.Os6oO
4,392 +3.712 3.511
1,43^
!i,7l8
1,078
March 09,121 aa.w.
80b 3,176 +23711 3,«2^
1,449 3,179 otherwise act in harmony with the roads in the InterApril..
•6.70S
38.787 63.a5.4,493
754 13,445 H'2,691
1,937 3,556
May... 5i.i«e BS,73.'! l«.S()9
State Association, the reason for withdrawing being
659 18.131 +17,471! 3,20f
1,398 l,SiH
June...
48.2«- fll.VOI) •1-*,9«1
5,28V
3,62i 1,78J
+4.147
861
83J
Jnlr..
Si.^3^
r 1.787*1 9.S2K
simply that Chairman Walker had ruled that the Uniontrade which each
still

the statement

month

is

inserted in this column,

is

—

so

—

••.4,22.')

Aug...

39.72.

U3.06-<

•3,3>3

498

Sept...

«4,»l<6

53.B8C 1 1 310
68,71» !i9,"tfO
58,995 34,719
59.179 37,855

a,437
797
1,774
1,305

Oct....

9r.83«
93,711
9r,034

420
290
3,234
678
313

78
3,117
1,437
+
1,198
89a

4,229
3,614
4,187
3,821
3.822

1,528
1.S90
1,651

3,701
1,224
3,483
1,427
1.213

Pacific-Northwest

traffic

contract

entered

into

last

was in violation of the rules of the As3,897
Not...
3,579
Dec...
they
sociation, and the managers thus felt that
Total 8ir.26o»ro,3»i 5(i9l7 11,981 50.931 +38.963 40.6W.1 30,218 30,452 were obliged to choose between the two.
But when
18SS. 69 1. 761 7«.4U •3363( 10.9>il 34,526 +33.586 3B,8-0 15,908 13 972
«,483 44,8S9| 9,144 33.745 37.815 16,7is 10.872 apprehensions on this score had been well-nigh removed,
issr. » 15.301 70S81>
20 37,058 17,22
9,833
1SS« ri:j.404 OU3.42i' 49.970 41,SC9 41.i83
developments with regard to the Sixth National and
1883 688.2J9 3S7.80V 100381. •i3 615 11,417 12,228 3.'J,3'S1 17,771 15,509 the
•«.958l40.9«<
14.059
n-i.9»0 39,5^ l.l.50£
1884. 749..36l'6'.i9.2>l2 I!JUIU4
two minor allied banks caused a more or less unsettled
* Excess ot imports.
t Exoejs of exports.
feeling for the time being, there being an evident desire
These figures make the net balance in our favor for to see what the effects of those developments would be.
the year, if we include not only merchandise but also The advance in the rates of sterling exchange also had
gold and silver $116,353,000, and for the last six months some influence in checking the rising tendency of the mar$99,040,657.
ket. On the whole, however, prices have been well mainIt is significant of the strong position occupied by tained, and confidence in the future is still strong,
some of the leading anthracite coal companies that both Louisville & Nashville has advanced sharply on the
the Delaware & Hudson and the Lackawanna show offer to stockholders of the new stock at 85. Messrs.

more than

their dividends earned in such a depressed

year for that trade as 1889.
particularly has done well.

Tlie Delaware

& Hudson

The Lackawanna

it

was

expected would report a very heavy falling ofE in reThe decrease in gross earnings it now appears
ceipts.
But with the
foots up just about five million dollars.

year

Kidder, Peabody & Co. this week issued the modified
Atchison voting trust agreement, the amendments being
an increase in the number of trustees and a restriction
The St.
of the length of time from ten to five years.
Louis & San Francisco Company, which a short while
ago passed the dividend on its preferred stock, has now
reduced the semi-annual dividend on the first preferred
On the other hand, the
shares from 3^ to 2 per cent.

amount of coal mined and transported, expenses
and hence the loss in net earnings is not
much more than 1^ million dollars. Profits for the Cincinnati
smaller

also fell off,

New Orleans & Texas Pacific has just
than in 1888, yet announced a dividend of 4 per cent.
reach 8-20 per cent (after spending $223,577 for new
The following statement, made up from returns
rolling stock), while the rate of distribution is but collected by us, shows the week's receipts and shipments
The Delaware & Hudson makes an of currency and gold by the New York banks.
7 per cent.
even better showing than that, having earned $10 '36
stock, therefore,

though much

less

which ensures a continuance of
the 7 per cent dividends through 1890, since this
company always pays its dividends out of the previous

per cent on

its

stock,

(Teefc

Received bv

ending Jan. 31, 1880.

N. T. Banlu
J3/)W.000

Carrenoy..

Oold
TotJll ffoM »n<1 1a««l tenilern.

..

Stitpped bv
If.

r. Banla.

K12,000

300.000

SMO.OOO

»i.l«4.nnfl

m.olg.nnn

Set InUrior
Uovetntmt.
Uiiln. 18.062,000

OalQ.

Gross receipts declined a little over
With the Sub-Treasury operations the result
1| million dollars, but this was met by a reduction of
leaving the loss follows:
a million
dollars in
expenses,

year's earnings.

On

the larger net of 1888 the company bad earned 13-65 per cent on the stock. Some time
during the current year stockholders will have the
in net $720,000.

privilege of taking the 5^ millions of additional stock to

Weekending Jan.

31, 1890.

Banks Interior Movement, as above
Sab-Trejunrr operations
Total Bold and legal tenders.

Into Bankt.

Out 0/ Banks.

iV«t

is

as

Chantelm

Bank BoMmft'Gals t3.lS2.oa*

14.191,000
9^800.000

113,394,000

100.000

Unln. #S,1!>S.nOO

Loss.
tl2.3 18.000

2.1 00.000

Ualn. tl .082.000

THE CHRONICLE.

164
Bullion holdings of Enropean banlts.
January SO,

BnnUuid.

XO.189,017

a0.7M.017

Vnnoe

W.oST.OOOi 10,718.000
»,4M.OOO I2,7a7.000
9.'(S2.000 16,220.000

09.7«B,000

10.810.000
4,240.000

0«nnsn7
A«t.-Han«';
N«tberlands..

S.OflS.OOO

0.747.000

IIat.B«lKlam'.

«,827.000

1,413.000

38,181.000
si.ess.ooo

21.616.781
40.030.000 40,20D.O0O

21.616,782

30.211.333 15.120,867

45,3«!.00'i

6.B12.000 10.1(13.000
7.4S8.00G

21.406.000

5,091.000

S.581.000

J,«80.00f'

89.930,000

;

which if used would have modithat we erred in claiming that
and
fied our results
the American production of silver would, if the bill was
passed, all be taken to the Mint and none of it exported

certain other figures
;

12,549.'K)C

3,7j'10>

Tot.tbla week I0».si2.ni7, 83,8118.000 l«S.400.017 10S.412.085 88,531.667 193.943.762
Tot.preT.w'fc. 107J)71.99S' 85,572,S33n».'l.l U.Sis[ I04.721.22S' 88.335.667 19 1.056 802

CURRENT INCOME OF THE OHIOAGO &

NORTHWESTERN RAILWAY.
Like most other companies, the Chicago

The Tribune criticises our remarks of last week
Windom's proposed silver bill. It contends that we used erroneous figures that we omitted
respecting Mr.

£

i

s

£

7«(o.

S<lr«r.

Sold.

TOtaL

SflMT.

eoid.

31, 188t>.

or used in the arts.

Believing that the public

is

only

eager to get at the truth, and fearing some one may be
misled by the Tribune's inaccurate assertions as to what

& Northwest we

is enjoying a period of increasing earnings.
monthly statements of gross results which

li.

WINDOM'S SILVER BILL AGAIN.

MR.

Januan,

1890.

[70L.

did say, we return to the subject once more.
initial statement on the part of our critic

The
Recent
we have follows

is

as

Mr. Valentine's statement of silver production for the calendar year 1889 is made a basis of objection to Secretary "Windom's plan by the Financial Chronicle. Mr. Valentine
estimates the production at $64,808,637, against $53,152,747 in,
1888, and while he does not expressly state that these iigures
mean commercial value, that is the natural inference from
used. But the Mint report, which the Financial
known regarding the course of the net since the close language
Chronicle admits is now the more trustworthy, made the
informaof the company's fiscal year on May 31, this
production in 1888 only $43,020,000 in commercial value, and
that paper therefore assumes that the next report will find an
tion is very useful.
increase to $57,750,0IX) for 1889. This is a curious mode of
arriving at guesses instead of facts.
Nel Eirnings.
Orott Earning:
Oh'eapo <* Northuietlem,
We are surprised to find ourselves misquoted so.
1888.
1889.

published have been very favorable, the gain for November having been $230,028, and for December
We are now able to present also an exhibit
$242,337.
As nothing has been
of the net for the whole of 1889.

_

We

1888.

1889.

nowhere
First six montha. .

11,110,79011,477.426
2,267,573 2.149,667
2,575,104 2,295,291
2,555,590 2,714,274
2,979,807 2,972,265
2.513,453 2,283,425
2,182,964 1,940,627

3,731,753 2,905,995
579,530
686,965;
738,572
941,929
1,131,353 1,264,145
1.460,428 1,466,599
944,939
1,017,003
780,674
908,140

indirectly that the

126,185,281 25,832,975

9,877,571; 8.680,454

there

.

.

July

August
September
October

November
December

>

\

Total

Thus

.

in the net, as in the gross, 1889 has been a decid-

Expenses have latterly
periods of
corresponding
of
the
running
in
excess
been
the year preceding, but not enough so to wipe out the
gains in earnings, which as we have seen have been
edly better year than 1888.

As a consequence, net results for the twelve
months show an increase of $1,197,117. Of this
amount $825,758 came in the first half of the year. A
further point of interest is to see what the position of
the Northwest as respects charges and dividends (previously quite a strong one) is under this improvement
To bring out that feature we give the
in net income.
heavy.

following.
Chicago

rf

Twelve Monlht Ending Dee. 3

Norlhieeatem.

Miles of road end of year.

Gross earnings

Expenses

assumed

)

1889.

1888.

1887.

4,250

4,250

4,209

i26,185,28l'25,832,975 27,140,725
'16,307,71017,152,521 16,010,266

Net earnings.

9,877,571

8,680,454 11,130,459

or

intimated

either

directly

or

next report of the Mint, which
made the production of 1888 $43,020,000 in commercial
values, "will find an increase to $57,750,000 for 1889."

We

said nothing whatever about commercial values,

and

nothing in our article which by any kind of
construction could be made to convey any such idea
We simply said at the
as is here attributed to us.
bottom of page 118 that, according to Mr. Valentine,
" the United States in 1889 added nearly llf million
" dollars (nearly 9 million ounces) to its product."
is

near the top of page 119 we added that "in 1888,
"according to the. Mint, the United States produced
"45,780,000 ounces." * * * "Assuming that when
" the Government estimat* is made up in 1889 the
" Director of the Mint will find as large an increase in
"production as Mr. Valentine has found" * * * "the
"yield of silver in the United States during 1889 will
"have been 54f million ounces." The "commercial
" value " of 54f million ounces at 98 cents per ounce is

And

only $53,655,000, instead of $57,750,000, the figures the
above extract charge upon us; the corresponding "coin-

"ing value," however, (and that is the form in which the
Mint report makes its statements) would be $70,791,750, against the Mint's estimate of $59,195,000 in 1888.

We

had a purpose in thus reducing our statement to
it was to avoid the very confusion which the
'58,066
Bluliing funds
202,576
58,666
above extract discloses. That was especially necessary,
Total
5,747,497 5,333,258i 5,223,048
since at the outset of any study as to the effect of Mr.
Balance for stock
4,130,074 3,347,196 5,907,411
Dividends
3,444,504 3,430,079! 3,462,142 Windom's bill it is obviously desirable to be as exact as
Burplus
-82,883+2445,269 possible in measuring the quantity of silver that will be
+685,570
Hence, after allowing in full for all charges and for received at our Mint the first year of the bill's operation.
the regular dividends (6 per cent on common and 7 per That is the starting point in any investigation such as
cent on the preferred) a surplus of $685,570 on the the article we wrote attempted. The Secretary in his
operations of the twelve months of 1889 remains. report to Congress made the Mint figures for 1888 the
This compares with a deficit of 182,883 in 1888, when b'asis of his conclusions, for those figures were then the
the charge for sinking funds was only $58,000, against latest available. As Mr. Valentine's returns for the
$202,570 in 1889. It should be remembered, too, that United States in 1889 and also the 1888-89 figures for
the above results do not cover the income from land sales, our near neighbor Mexico the second silver producer
nor the operations of the trans-Missouri lines, which in the world, were made public last week, there seemed
would further swell the surplus given. As part of the to be a new basis for an estimate.
calendar year 1889 was covered in the company's report
Of course, as all know, Mr. Valentine's results do not
to May 31, we will say that for the seven months since agree with the Mint results; Mr. Valentine's are always
then, to January 1, the improvement in net earnings the smaller if interpreted as coining (or standard dolhas been $212,600.
lar) values, and are the larger if interpreted as commerCharge!—

5,544,P27

Interest (less credits)

5,275,258

3,165,048

ounces;

Bentals

'

'

'

I

Fkbeuary
values.

cial

subject will

THE CHRONICLE

1890.J

The reader who is unfamiliar with the
understand our meaning clearly, and will

how marked and

Bee
if

1,

he

On

will

true the distinction

turn to page 133 of

that page in the

first

last

we

refer to

is,

week's Chronicle.

column there are two

tables, the

one being Mr. Valentine's figures of lead, copper,
silver and gold from 1878 to 1889 inclusive, and the other
first

155

problem since we last wrote.
The current week the
Bureau of Statistics has issued the foreign trade state-

December and for the twelve months of 1889.
we are able to make up the net
export of silver during the year.
The Treasury figures
of coinage we also have.
In the Mint report prepared
the first of December and sent to Congress at that date
we find on page 41 (after giving the details of an investiment

From

for

that statement

the Mint figures for the same years (except 1889) of gold
In the last table (the Mint statement) the gation as to the uses in the arts of the precious metals
and silver.
silver results are expressed for each year in three differ- during 1888) the following expression of opinion with re-

—

commercial values, and
By comparing
the Mint and Mr. Valentine's estimates year by year the
that Mr. Valenfact will be found as we have stated it
tine's result is always smaller than the Mint result for
the corresponding year, if it be assumed that his values
are "coining values," and larger if it be assumed that
his values are "commercial values."
Under these circumstances what use did we make of
Just the very use any one
Mr. Valentine's figures?
who was extremely cautious and desirous of erring, if at
We took]his figures
all, on the safe side, would make.
at the minimum, calling them coining (or standard

gard to the amount of gold and silver used in the arts
during 1889: "Unless there has been a decided falling
" off in the amount of coin melted for industrial purposes
" by jewelers, the value of the gold used annually in the

made

8,000,000

ent forms

(1) in ounces, (2) in

(3) in coining (or

standard dollar) values.

—

dollar) values, so that the llj millions of increase

—

" United

" 000,000."

—

Valentine's segregation of gold and silver was at best but
approximate, and suggested that |3,000,000 or $4,000,000
reckoned by him as silver might have been gold. But even
with such correction his statements for late years can in no
way be reconciled with Mint reports, except on the supposition that values reported to him are mainly on the mintage
Tae Mint statement of production for four years endbasis.
ing with 1888 was $165,160,000 commercial, or $215,145,000
coining, value. Mr. Valentine's statement for the same years
was $200,690,081. Now the coinage of silver during those
years was $129,265,574, of course in coinage value. "The net
exports of silver, nearly all in bullion, and therefore in commercial value, were $52,844,991, and at the average for those
years $68,839,000 in coinage value. This accounts for $198,104,000 of the production, and the consumption of new silver
in the arts would require about $25,000,000 more of domestic
bullion, making the aggregate a little over the Mint estimate
of value produced. But if Mr. Valentine's statements are to
be taken as commercial values, there would remain to be
accounted for not less than $39,000,000 of silver, neither
coined, exported nor consumed in the arts, which will not be
accepted as reasonable.

What

relevancy the above has a? a criticism of our

Mr. Windom's bill, and of the figures
would be extremely difficult to determine. We nowhere in the article explained or defended,
or criticised, Mr. Valentine's or the Mint's method or
Our only purpose was to furnish an approxireports.
mate estimate of the Mint's result for 1889, and that we
did, as stated, by adding "nearly 9 million ounces" to
If our critic wanted to show
the Mint's ounces in 1888.
how much more reliable the Government estimates were
than Mr. Valentine's there could be no objection what-

article respecting

we

there used,

it

ever to his doing so; but

why he should connect

us with

We

may

be placed at

silver at

about $8,

make up the following
showing the uses, or we

are thus able to

statement in coining values

might say the consumption, of American
the twelve months ending with

December

silver

during

last.

Coining Values,

Silver—
Coinage during 1889
Net exports durmg 1889
Arts used during 1889

"nearly 9 million ounces" instead of 12 J^ million ounces,

which they would have made had we called the dollars
commercial values. And now the Tribune criticises
us why and how? Apparently, because we did not
adopt the larger estimite; and it then prooeeds to show
that if we had done what we did not do, we would have
been wrong, if we accept the Mint as the standard.
Lest it may be thought we have in some particular misstated our critic's position, we give in full what it says
on this point.
Some years ago the same journal pointed out that Mr.

States in the industrial arts

"approximately $16,500,000 and of

$35,496,683

.26,588,000

Total used during 1889

$70,084,688

* Tbe net exports of silver as given by the Bureau of StatistioR for
1889 are $20,4.'>2,000 aU but about three thousand doUars of whlob la
silver bullion. Hence as sUver bullion values In the imports and exports are stated in commercial values (See the last Mint report, page
29), we have to reduce the item to coining values, which makes tbe

total

f 26,588,000, as wo give

we put

It

in the table.

connection with the above the
54,750,000 ounces, our approximate estimate for the
values" would equal
in "coining
Mint, which
$70,791,750, have we not results which, taken together,

Now,

if

in

if the editor of the Chkonicle had come pretty
Since
near what the actual result must prove to be.
the Tribune says we have " a curious mode of arriving

look as

"

at guesses

suggest
rect, or

instead

of

facts,"

it

is

well

enough

to

that either our " guess " is almost exactly corthe above Government figures or some of them

are wrong, or there was a smaller stock of silver in the

United States on January 1, 1890, than there was on
January 1, 1889.
There is another point of decided importance the
same writer makes which we will notice briefly.
The objector argues that silver would not be exported nor
used in arts if the Treasury should issue notes for it at the
average price in the world's markets. By mere distance from
sources of supply, European markets are higher than our own
by the cost of transportation, and there is not a shadow of
reason for supposing that they will not continue to be. Moreover, the demand for silver in other countries is not fictitious nor diminishing. From San Frsncisco last year $18,400,000
went to Japan and China, besides $39,000,000 from London. Is
there any reason to suppose that tne East would demand less,
or that less would he used in the arts, or by Europe in subsidiary coinage? If there be any, all objectors have thus far
failed to give it.
Assuming the existing demand, it must be granted that the
price of bullion abroad would be enough higher than in this
country to draw away any part of the silver produced here.
That has been the fact every year for a very long period
through all changes in the markets and in the use of silver.
He who asserts that it would not be, if Mr. Windom's plan were
adopted, is bound to give a sufficient reason for that belief.
But if the foreign demand continues to take away part of the
American product, what absurdity it is to assume that the
Treasury will have thrust upon it a large portion of the product of other countries.

The whole argument in the above is based on the
There was but a single
point to be determined because it was the only one that assertion contained in the first part of the extract, that
had any bearing on our argument, and that was ''by mere distance from sources of supply European
whether the Mint estimate for the silver production in " markets are higher than our own by the cost of trans1889 was or was not likely to reach 54,750,000 oances, "portation, and there is not a shadow of reason for
against 45,780,000 ounces in 1888.
"supposing that they will not continue to be." Those
Fortunately, we have received new light on this latter words which we have given in italics put an interprets-

his effort seems unaccountable.

'

THE CHRONICLR

156
tion on the bill which by

its

terms

it will

not we think

bear; and yet the writer speaks as confidently as if he
were expressing the opinion or predetermined action of

this case

IVou

we could not do

it,

I*

we have special reason*
which wo have discussed

for

for thinking that this proposal

is a conscientious endeavor on the part of the Secretary
the Mint Bureau in case the law is passed. Substantially to lift the country out of the dilemma which is impendit is saying that the direction in the law with regard to ing if the coinage of standard dollars is continued.
the Mint receiving deposits of silver at the "average We are sure of another thing also, and that is that so
price in the world's markets " will be interpreted as far as he is concerned the bill is intended to mean, and
meaning the average price after deducting the cost of will if passed be construed to mean, just whatever it
transportation from the United States to those markets. expresses, regardless of the interpretations others may

we could think the bill would bear that interpreta- put upon
tion we should have far less objection to the law; though
If

it.

that the intention be fairly

we should urge even then

and plainly expressed in the statute.
But what advantage would there be to the white metal
and its producers in passing such a provision ? The
ostensible object and purpose has been to raise the
The device which the bill authorizes
price of silver.
was expected when in operation to cut off the supply
from the markets of the world by giving the price at
the Mint which the producer could get in those markets.
Otherwise there can be no meaning in the words
'•average price in the world's markets," and no inducement for depositing at the Mint. The holder of bullion
in the United States would simply be offered the alter-

Tiri:

GREAT IMPROVEMENT IN OUR
FOREIGN TRADE.

Earely do we witness such a decided change in the
foreign trade— and a change for the better too
single period of twelve

months

—

in a
which occurred
have referred many

as that

during the late calendar year. We
times recently to the improving character of the statements, but the results for the entire twelve months
were needed to bring out in full the favorable nature of
the comparison with the twelve months preceding.
These results are now disclosed in the publication this

week of the return for the month of December by the
Bureau of Statistics at Washington.
During the last fourteen years it has often happened
gold in London " cost of transportation " added. Such
a device confined to the American production would that the United States has had a larger balance in its
favor on the merchandise movement that is, a larger
obviously fail of its object.
excess of exports over imports than for 1889, so it is
forgets
that
to-day
The writer of the above extract
there is practically no silver market in the United not in that respect that the year is specially noteworthy.
States.
We fix our New York price per ounce simply But as compared with the adverse exhibit for 1888 the
by taking the London price, multiplying that price by showing for 1889 furnishes a contrast of the most
the rate of short exchange, dividing the result by 232 definite and decided kind, both in the results disclosed
and deducting from the quotient eighty-five hundredths and in the conditions which those results reflect. In
of a cent for expenses of getting the bullion to Lon- all the calendar years back to 1874 (which is as far as
don.
That is also just about what every other our records for the calendar years extend) 1888 was the
producing center has to do. Indeed, there is no first and only one to show an adverse merchandise balmarket in the world at the present time ex- ance, the excess of imports over exports being 33f milAs against this adverse balance for 1888,
cept London; and when the bill adopts the words lion dollars.
"markets of the world," London is meant; but we have for 1889 a favorable balance in the sum of
the general expression is evidently more suitable in a nearly 57 million dollars, there being thus an improvestatute which stands not only for 1890 but for 1990 as ment of over 90J million dollars.
Taking the exports and imports separately, we find
well.
Our critic asks, "Is there any reason to suppose
" that " (after the law is passed) "the East would demand in the case of the former an even more striking con"less " silver, &c. No, there is not the least reason for trast of the two years.
The value of these exports as
any diminution in the demand. But the aim and pur- between 1888 and 1889 has increased 135J million dolpose of the bill is to throw an increased demand on Lon- lars, or nearly 20 per cent. The record shows no gain
don by making it cost more for the consumer to get his quite as large as this in any past calendar year. As a
metal in New York; this and lessening the supply Jgoing result, from having been in 1888 among the smallest
to London comprise the machinery for forcing up the the exports in 1889 have at once risen to near the
price.
The announcement that this purpose does not largest ever reached. Indeed, in only two other years
exist and that the price our Mint intends to give is the was the total larger, namely in 1880 and 1881, and as
native of receiving Treasury notes for his bullion less
" the cost of transportation " to London, or receiving

—

London

price

after deducting the

tation, will come,

we

cost of transpor-

fancy, like a revelation to our

sil-

ver producers.

We must be pardoned, in conclusion, for referring to
the closing sentence in the editorial criticising us. As
a parting stricture, it says.
It is to be frankly conceded that Mr. Windom's plan has
serious difficulties to meet, and raises serious doubts which are
not yet fuUy removed. But he is particularly fortunate in
the weakness of those

who have thus far assailed him.

It is not the charge of

we
is

desire to enter a protest.

a mere matter of taste.

—

against the latter of these the difference is very slight,
the figures being 827i million dollars for 1889 and 833^
millions for 1881. The 1880 aggregate was 889f millions.

As the export values come

so close to the best previous

figures, the fact that the
is

so

much

less

merchandise balance for 1889
than in the years from 1876 to 1885

(and the difference is very decided) follows of course
from the great expansion of the imports. Those
imports further increased 45 million dollars in 1889,

"weakness" against which and are decidedly the heaviest known in our history.
That kind of expression The total of 770 million dollars for 1889 compares with an

helps the writ- average of less than 481 million dollars for the five years
admit the charge. preceding 1879.
But we object most decidedly to being put among
There is one other particular in which 1889 is note" those who have thus far assailed " Mr. Windom. It worthy ; not only are the imports the largest on record,
never has been our method to assail anybody. And in but the tptal foreign trade, as represented by imports
er's

argument we

Besides,

are very willing to

if it

Fkbbuaby

1,

18tO

THE CHRONICLE.

]

A better method, thereother movements of capital.
our present position would seem to

and exports combined, is also the largest, the aggregate
amounting to l,597i million dollars. The gain over
as com1888 is in excess of 180 million dollars, and

fore, of arriving at

be to consider the results for the last six months by
It is in that period that the conditiona
themselves.

pared with 1885, which was a low year, the gain is 321
The highest aggregate previously

and

year

was

1889 figures

are

any

in

the

1,586 millions in 1880,
million dollars above

millions occurred in the last six months.

But as prices now are lower, the increase in
that.
quantity and volume is really much larger than this

also

of the
a word, never before has our foreign trade been
coma
furnishes
following
The
dimensions of 1889.
1873.
since
&c.,
exports,
imports,
parison of yearly

MERCHANDISE EXPOKT8 AND IMPORTS.
Export'.

Import:

TbtaX Foreiijn
Trad'.

BxMM.

\

1

»

t
tB7i'
1976*
1877*
1878*
1879
1S80
1881
1882
1883
1881
1885
1886
1887

19S8
1889

669,873,098
5I0,H47,422
5«0,«H«,62«
620.3' 2.412
7a7,0«2,013

662,156,384

7ro,15«.*'25

513,1102,796

427,347,165

480,246,300
431,«12,4hS

8SH,B83.4\i2

6116,807,178
870,20l',440

76;,<'8],918

762,813,507

795,209,310

887,066,216

749,3«fl,4;8

6au,2Hi.»^eo

C»',249,798
713,404,021
715,301,011
691,761,050
827,250,373

5»7,8«8,673

There has
but taking mer-

;

47f millions in 1888. This 99 million is considerably
more than the largest sum that could possibly be claimed
H( nee, so
as necessary to offset freights, interest, &c.
year
1890
the
govern,
far as trade conditions alone
circumstances
under
having
opened
regarded
as
must be
very favorable to this country for resisting an outflow
the more so as the tendency of merchandise
of gold

—

I

503,162,936

838,549,127

(

1

been an increase in the imports

chandise, gold and silver together, the excess of exports
for the half-year is over 99 million dollars, against only

In

to indicate.

millions in-

crease in merchandise exports for the year, nearly 85

11

small difference in values would seem

Of the 135i

have been most favorable.

million dollars.

reached

167

1,1 32.059

Brp.305,2:9,5»0
Exp.251,5d7.029

1,168,904,558
1,278.762,6^1

strongly manifest, and the pre-

1.014,000,358

exports to increase

1,018,013,791

vailing conditions give promise of its continuance for

is still

1,100,548.7:2

1.580.490,598

Bxp. 192.876,248
Exp. 163,838,687
Exp. 15.138,439
Bxp. 108,143,100
Exp. 120,104,668
Exp. 100,381,125
Bxp. 49,974,832

663,429,189
708,818,478
725,411.371
770,SU2.857

432

Exp. 7,718,764
Btp. 7.691,486
Bxp. 163,319,461
Exp. 140,056,112

1,508,758,5«7
1,^20,S25,463
l,4>-2,276,f;32

l.a-.^«»',«^8

some months to come.
Analysis of the exports for 1889 discloses another
and one to which we have alluded

favorable feature,

on previous occasions.
but

it

is

The

very general in

increase

its

is

nature,

not only large,

and embraces a

1,276.118,(71

Exp. 6,488,566
Imp. 33.650.n21
Bxp. 68,917,718

and commodities.

Cotton of

1,376,833,210

great variety of articles

1,124,119,522

course, as is known, has played an unusually prominent
In the early months the shippart in the year's trade.

1,417,172,421

1,597,553,030

ments of that staple were large because of the slowness
Before undertaking to analyze the late year's increase of the 1888 crop in coining forward previous to January
in exports and imports, it will be well to stop for a 1, 1889, and in the later months the shipments weremoment to consider the position of the United States heavy by reason of the free movement of the 1889
on the trade of 1889 in the matter of the indebtedness crop. Altogether, 5,406,603 bales were sent out in
owing to the outside world, for that is a subject of great 1889, against only 4,622,994 bales in 1888, according to
importance at present in its bearing upon the course of figures from the Bureau of Statistics. The values were
•

Specie TBlue.

our exchange market in the immediate future and the 266^^ million dollars, against 225| millions, being an
On the merchan- increase of over 41 million dollars. But, large though
probabilities of the gold movement.
dise shipments the trade for the twelve months, we see, this is, it accounts for only a part of the whole 135^

showed a balance of 57 million dollars in favor of this millions increase in merchandise exports. Going furcountry.
But in addition there is a large favorable ther, however, we find a very heavy gain in provisions,
The gold exports for and also gains in breadstuffs and petroleum. The probalance on the specie movement.
the twelve months exceed the gold imports in the sum visions exports have risen from 91^ million dollars to
All but 1^^ millions of 123 million dollars, and in this increase of nearly 32
of nearly 39 million dollars.
this was sent out in the first six months, when the mer- million dollars only a few very minor items have not
chandise exports are nearly always light ; in fact, over participated. In the breadstuffs exports the increase
30 millions net gold was shipped in May and June. If is 13 million dollars, and comes from the heavy shipments
to the 39 millions gold shipments for the year we add of corn, which for the twelve months of 1889 reached

and the 57 about 81i million bushels, against only 33| million
movement, we get bushels in 1888. The wheat shipments and the flour
altogether an excess of exports (merchandise, gold and shipments fell below those for 1888, though in both
In the previous year cases the December movement was heavy. In petrosilver) of over 116 million dollars.
the excess was less than 4 million dollars, thus showing leum (crude and refined) the increase is over 5 million
a difference in favor of 1889 of over 112 million dollars dollars. Taking cotton, breadstuffs, provisions and
that is, considering the trade situation alone, we petroleum together, as given in the statement below,
stand that much better at the end of 1889 than at the the increase as compared with 1888 reaches over 91
end of 1888. It was the custom formerly to allow million dollars, and this would be further added to ia
about 100 million dollars a year as the amount required amount of 12^ million dollars if the cattle shipments
to cover freights and interest due from us to the outside were included.
In the following table the figures are
We not quite the same as in the statement given by us in
world, and also undervaluation of imports, &c.
gave reasons some time since for thinking that the our issue of January 18, because certain small items
amount should be increased. Still, with an excess of are comprehended now which were not included in the
the 20^ millions net exports of

silver

millions balance on the merchandise

—

exports of 116 million dollars, our position

tabulation—all except the shipments of cattle,
which have been disregarded in order to preserve the
freights, &c.
even supposing that in a calculation of comparison with the earlier years.
this kind the whole twelve months can be treated as an

favorable one whatever the

allowance

is

for

a very

earlier

interest,

—

1888.

entirety.

In point of
.

an
oJt

the year can hardly be treated as

The balance due
must have been long since

entirety.

least

fact,

the

gol(J

for the early
settled for,

months

at

— by means

ahipments, the brewery purchases, and

1885.

1880.

1887.

«
*
266.550,000 235,122,1U 215,974,267 215,361,961 181.432,187 221,603,089
Cotton
153,208,681
BreadstnS^. 129,060,000 116,063,863 181,200,782 161,627,666 132,«4S,761
108,624.068
Prov'ns, Ac. 123,000,000] 91,249,316 93,7(0,932 91,471,221 09,879,383
9,871,743 49,457,U«
48,105,703 16,858,8 2 48,145,201
$

I

«

I

I

Potr'lm, &0.I 53,300,000

Total

466,627.067 628,780,878
572,600,000 481.139.793 517,864,833 606,696,042

THE CHRONICLE.

158

monarchy are managed by
composed of 120 deputies chosen half by Austria and half by Hungary, the
upper house in each section selecting twenty and the
lower forty members. These delegations act under a

from these leading staples, the ex.ports show wide and general expansion as compared
with the year preceding. In this ease, only the figures
for eleyen months have yet been published, but these
serve to bring out clearly the extended nature of the
improvement. We will refer to only a few special
Thus in leather, &c., there has been an in.
items.
crease from 18,939,248 to $11,102,367; in iron and steel,

But

joint

entirely apart

common
empire,

interests of

the
of a

navy, and of financial, postal, tele-

under one supreme, central and controlling authority.

When

it is

remembered that

in almost every instance

the people of the different provinces are of different

and that, although there is some harmony in the
matter of religion, hardly two of the provinces use the
same language, it can readily be understood that the
races,

Austria-Hungarian monarchy
better than a rope of sand.

body

;

and

so imperfect

much

is

is

bound together by little
compacted

It is a loosely

the cohesive force that

it

is

and
immense strength it is more afraid of itself than of any
The principle of homoof its powerful neighbors,
geneity is totally wanting, and the only visible bond of
union is common attachment to the House of Hapsburg a bond of union altogether too slight in the cirnot too

Here also we have
months of the year. Examining these we find a very large number of changes
both in the direction of higher and of lower totals. But,
to the imports.

is

common

body, enjoying sectional and provincial privileges, but

the details for only eleven

it

sovereign for the

in the establishment and maintenance

graphic and diplomatic services. Such are the general
features of Austria-Hungary, looked at as a composite

be extended almost indefinitely.

as explaining the increase in total

entire

as delegations,

common army and

from $17,850,958 to $21,098,055; in woods, &c.,
from $22,850,198 to $26,322,527; in tobacco, from
$16,819,284 to $20,609,609; in spirits turpentine from
$3,145,905 to 14,100,749; in alcohol c spirits from
$964,146 to $2,309,884; in vegetable oils from $1,612,014 to $3,517,874; in animal oils from $917,250 to
$1,410,741; in naval stores from $1,813,254 to $2,338,830; in oil cake from $5,786,322 to $6,626,317; flax
from $1,254,937 to $1,928,099; fish from .$5,057,577 to
.$5,557,662; furs from $3,319,846 to $5,247,299; agricultural implements from $2,634,412 to $4,018,458;
cars from $1,041,328 to $1,696,539; and the list might

of 45 million dollars,

of the

affairs

what are known

&c.,

A word now as

[Vol. L.

to say that in spite of its great bulk

—

imports during 1889

necessary to refer to only a cumstances of the case.

In coffee there is an increase from
If Austria were a unit in the sense in which Germany
$59,012,750 to 172,389,339, or over 13i million dollars. is a unit, or in the sense in which France is a unit, or
Then there is an increase in sugar and molasses (all in the sense in which Eussia is making herself a unit,
kinds) from $81,346,922 to $97,852,696, being 16^ mil- she would be even yet the most powerful State in
lion dollars, and making the total increase for coffee and Europe; and it is perfectly safe to say that if she had
few large items.

been such a unit in times gone by, the Europe of to-day
would have been something very different. It was this
millions, the total being $58,844,666 for the eleven inherent weakness which made it possible for the
months of 1888 and $67,712,787 for the eleven months of Italians, with the help of the French, to drive Austria
Then there is an increase in the imports of lum- out of Italy. It was the same weakness which placed
1889.
sugar combined nearly 30 millions. In wool and wool
manufactures we find a further increase of nearly 9

from $9,899,755 to $11,588,692; in leaf tobacco Austria at the mercy of Prussia in 1866, and which
from $8,043,476 to $12,691,503; in silk from $30,787,093 enabled the latter power to compel her to withdraw ento $33,596,980, in seeds from $2,104,418 to $4,608,506, tirely from Germany. It is precisely the same weakness
and in flax and fiax manufactures from $39,310,799 to to-day which makes Austria dread war. She is well
The important point to note of course is aware that while she has but little to hope for, she has
$47,061,919.
In a great Continental struggle, such as
that the increase, with few exceptions, is in articles of much to fear.
necessity and not in articles of luxury.
the next war in Europe promises to be, the chances are
that she would be the most damaged of all the Powers.
RECONSTR UCTION IN A USTRIA-HUNOARY- Germany covets the two German provinces Upper and
Russia covets larger scope on the
Quite an interesting experiment in the line of recon- Lower Austria.
struction has just been made in Bohemia ; and the Danube, and has a greedy eye on Lower Galicia
Italy is impatient to reclaim the
interest which naturally attaches to the experiment, and and Bukowina.
to the success which has so far attended it, has been Trentino, and to establish her authority on the Southern
heightened by the announcement that it is to be repeated Tyrol.
In such circumstances it is surely very natural that
in other kingdoms and provinces of the empire.
Of all the great monarchies of Europe Austria-Hun- the patriotic statesmen of the monarchy should be congary is the most heterogeneous. There are in all some sidering the best methods of developing internal
twenty-two provinces seventeen belonging to the west- strength. One very obvious method there is the adopern, Cis-Leithan or Austrian section of the monarchy, tion of such measures as shall have the effect of removand five, including Bosnia-Herzegovina, in the Trans ing discontent and disaffection where they exist, and
Leithan or Hungarian section of the same. Under the of making them impossible where they are not. This is
first of these heads are Upper and Lower Austria, Salz- the method on which Count Von Taafe, a patriotic and
burg, Styria, Carinthia, Carniola, Tyrol, Voralberg, Goz- able statesman, and also the present time Premier of
For some
zia, Istria, Trieste, Dalmatia, Bohemia, Moravia, Silesia, the Cis-Leithan Parliament, has fallen.
Galicia and Bukowina.
Under' the second head are years past there has been much discontent in Bohemia.
Hungary, Croatia, Slodomina, Transylvania, and Bos- Ever since 1868, when the Hungarians were successful
nia-Herzegovina, since 1878 and by the arrangement of in
inducing Francis Joseph to come to Budathe treaty of Berlin, under Austrian administration.
a formal coronation, the
Pesth and submit to
Purely local matters are managed by the local diets Czechs of Bohemia
been
more or less
have
of these different provinces.
Each of the two great clamorous for a similar demonstration at Prague.
sections of the monarchy has an upper and lower house They had,- however, grievances of a less imaginof Parliament, with separate administrations.
Th^ ary character than those which reliated to a corober, &c.,

—

—

—

I

February
nation.

1,

1880,

THE CHRONICLE

j

Latterly the state of feeling became such as to
In the circumstances Count Von Taafe,

cause alarm.

whose

estates are situated principally in

Bohemia, came

169

the lower prices simply served to widen the uses to

which iron might be put.

So consumption was further
it.
This

stimulated, and the output kept pace with

by suggesting a conference. The difficul- was the situation when, in the latter part of last year,
ties lay between the Germans in Bohemia and the native depression in the iron trade gave place to buoyancy,
population, and related to the schools, to worship, and prices advanced, and manufacturers were obliged to use
The conference was to bo composed their utmost endeavor to meet the demands upon them.
to the judiciary.
to the rescue

of Germans and Czechs, in reasonable proportions. The
suggestion was accepted, the conference was held, Count
Von Taafo in the chair. It was brought to a close at

The

effect is seen in the figures of

mitted.

production

now

sub-

After the largest output ever previously made,

and after several years of uninterrupted gains, there is
and according to all the reports for 1889 a further addition of over 17 per cent. With it all,
which have reached us it was a complete success, the stock in makers' hands at the end of the year and not
results being equally acceptable to German and to intended for their own use amounted to only 277,401
the end of last week

;

net tons, with 40,544 tons in the warrant yards of the

Czech.

Among

made

remove American Pig Iron Storage Warrant Company, both
school
commisThe
the
schools.
together being less than 4 per cent of the whole year's
difficulty
about
all
sion to be appointed is to consist of both Germans and production.
Bohemians, in suitable proportions. A similar arrangeThe aggregate amount of pig iron produced in the
The Supreme twelve months of 1889 was in excess of 8^ million tons
is made in regard to public worship.
Court is to be reconstructed. Of the judges, fifteen of 2,000 pounds. In the twelvemonths preceding, the
will not be required to be conversant with German
output was only 7i million tons; in 1887 it was somebut each of the other twenty-six must be familiar with what less than 1\ millions; in 1886 about 6^ millions,
both the Czech and German tongues. There are nu- and in 1885 but 4^ millions. As compared with the
merous other changes all in the direction of reform
In
latter period the increase is about 4 million tons.
which it would be tedious to mention in detail. It is other words, in the brief space of four years the make
the less necessary to do so that the point on of pig iron has been nearly doubled.
Nor was the 1885
which we wish to lay weight is the fact that the output small, the falling off from the then considered
Compromise Conference, as Count Von Taafe calls it, exceptionally heavy production of 1882 and 1883 having
has given general satisfaction. So successful has been been only about 600,000 tons. In fact, up to 1879
the experiment, so far as results are visible, that the our annual production had never reached as much as
Austrian Premier has declared.it to be his purpose to 3 million tons. It is noteworthy, too, that the increase
repeat it in every province of his section in which there in production has been chiefly in the iron made with
Local self-government is bituminous coal. This follows largely from the extenis any feeling of discontent.
majorities are not to be allowed to sion of the output in the sections where there is no hard
to be encouraged
trample upon minorities; and, what is the most impor- coal, but also in part from the relatively high price of
tant feature of all, the necessary changes are to be the latter class of fuel.
Of the 4 million tons increase
brought about by the people who are themselves the in the total product between 1885 and 1889, over 3^
most interested.
million tons is in that made with bituminous coal or
It is impossible not to admire Count Von Taafe's coke.
In the late year only 344,358 tons of iron were
ambition and spirit in this matter. Every lover of made with anthracite alone as fuel, and 1,575,996 tons
mankind must wish him success. It does not follow with mixed anthracite and coke. On the other hand,
that that which has done so well for Bohemia will do the make of iron with bituminous fuel was almost six
equally well for the other provinces.
But the experi- Trillion tons. The following shows the production in
ment is certainly worth repeating.
the last five years, according to the fuel used.
the arrangements

are such as

—

;

PBODfCTIOX OF
Tons 0/2,000 lb*.

EXPANSION OF THE IRON INDUSTRY.
While there has been great growth in nearly all
branches of trade and business in the United States,
the wonderful industrial development which has been
perhaps nowhere so strikingly shown as in the case of the iron and steel trade.
in progress in recent years

is

For this reason the statistics relating to the production
of pig iron in 1889, which Mr. James M. Swank, of
the Iron and Steel Association the accepted authority
on statistics with regard to that industry has just
published, possess the highest interest, and are deserv-

—

—

ing of most careful study.
The course of affairs in this industry during the last
few years has been quite remarkable. During the
period of active railroad construction which culminated
early

in

1888, the production of pig iron was very

largely increased

— to

Not only

the highest figure reached up to

Bituminous
Anthracite and coke mixed.
Anthracite alone
Charcoal

IKON-

ACCOKDING TO FPIIL
18S3.

188S.

I

r«KI).

1887.

1833.

1885.

6,952,414 4,743,989i4,270,833j»,803,174 2,075.635
1,575,986 1,648,211; 1,919,840 1,655,851 1,176,477
344.368]
644,300i

277,515,

698,78J

418,749
678,183

443,746
459,557

277,913
399,844

8,517.068 7,208.507 7,187,89816,365,328 4,629,869

Total.,

The United

States now so far exceeds every other
country save Great Britain as a producer of iron that
interest attaches to a comparison with hardly any country but that. Mr. Swank gives 8,300,000 gross tons as a
rough estimate of the make of pig in the United Kingdom during 1889. This is equivalent to about 9,300,000

net tons, on which basis the United States falls nearly

800,000 net tons behind the mother country.

But

it is

only a short time since Great Britain produced twice as
much iron as the United States, which shows how great

our progress in this respect has been. The heaviest output
ever reached in Great Britain was in 1882 and 1883, in
both of which years the figure was over 9^ million tons,

the L^nited States is a million
Present conditions favor a further extensteel were imported.
When railroad construction fell sion of production in the United States during the curoff, the only effect on supply was to restrict the imports
rent year, but the same is true also on the other side,
home production rose to still higher totals. There then and it is a question whether we can expect to pass Great
'
came considerable depression, and prices declined, but Britain in 1890. Mr. Swank thinks we will not.

that time.

tive that very

that, but the

heavy amounts of

demand was

all

so ac-

kinds of iron and

;

and on that
tons behind.

basis

THE CHRONK^LE.

160
But

if

is

not the largest producer

home

and

of iron

steel

in their various forms
approach us. In addition to our domestic production,
we import a considerable amount of iron and steel.
Very little of this comes in the shape of pig, but much
comes in other forms. There has been a decided falling off in these imports during the last two years, and
yet even in 1889 over 800,000 tons altogether were
imported, of which howaver not far from one-half was
in the shape of tin plates, this item being a steadily
rising one, as no tin plates are produced in the United
States.
In 1887 the imports of iron and steel were
almost two million tons.
Allowing for the imports and the changes in stocks,
the total consumption of iron and steel in the United
States during 1889 foots up 9,-360,284 tons.
Great
Britain, as already stated, produced, all told, 9,300,000
tons of pig, but as during the same twelve months she
exported, in one form or another, 4,690,994 tons of iron
steel, it

Bteel for

easy to see that the use of

is

The

small.

following

and

iron

Kingdom

domestic purposes in the United

relatively

L.

Here is disclosed a condition of things that the
monthly statements of late have foreshadowed. It will
no other country can even be noticed that the total consumption of Great Britain

the United States

in the world, in the use at

and

(you

is

a compari-

affords

son of our consumption during the last five years. It
should be understood that the final total does not show
the consumption of pig iron alone, but the consumption

1888.

SCOck of pig beginning of rear..
Production during year
Total sapply
Stock end of year.

1887.

1885.

330.161 338,142, 252,701 416.512 593,000
8,617,008 7,208.507 7,187.206 6.305.328 4,639,839

.

.

'8,853,229 7,606,619[7,439.910 6,781,810 6.123.8S

'SIT.QIS

I

C9n8nmptlon of home pig
Imports of iron and steel

1

336.181

838.142

252,704

of domestic pig

we thus

see reflects

a heavy increase over both 1887 and 1888, but the total
consumption, though heavily in excess of the year preceding, does not

show quite

so large a gain as

compared

with 1887, on account of the great falling off in the
imports in the interval. However, the gain is more
than a quarter of a million tons, and considering that
only about 5,000 miles of new railroad track were laid
in 1889, against over 13,000 miles in 1887, the fact that
we should have consumed more iron and steel than in
that remarkable year

is

3,000 bales.

On

the Continent, however, the

consumption has been 4,131,000

bales,

which compared

with the previous year records the very large gain of
273,000 bales. There has been an appreciable addition
to stocks during the year, those at the mills having
increased to the extent of 126,000 bales of 400 lbs.
each, while the visible supply shows an augmentation
of about 275,000 bales of ordinary weights.
To bring
out clearly the relation the figures for 1889 bear to

we have prepared the following,
which embraces the period from 1884 up to the present

those for earlier years,
time.

Bales of

Spin^rs*

400 Lh».

Stock

Jan.

Gt. Britain,
1889
3888
1887
1880
1885
1884

Takings. ffupply.

Spin'rs' Weekly
ConConsumption. Slock

1.

99,000
290,000
190,000
13B,00
247,000
145,000

bee. 31.

3,919,000 4,018,000 3.825,000
3,631,000 3.921.00J 3,8'.'2.0i)>
3,817,000 4,007.000 3.7i7,00<
3,73fi,000 3,872.000 3,682,000
3,236,000 3.483,000 3,347.000
3,768,000 3,913,000 3,666,000

sumpt'n

193.000 73,558
99.000 73,500
290,000 71,481
190.000 70,800
136.000 64,365
247,000 70,500

1889
1888
1887
1888
1885
1834

147,00() 4,153,000 4,300,000 4,121.000 179,000

79,250

473,000
88,000
251,000
308,000
368,000

3,692.000 473.000
3.504,000 88.000
3,291,000 251.00C
3,341,000 308,000

71,000
67,385
62,74S
64,250

All i;nrope.
1889
1888
1887
Id86

246,000
763,000
278,000
387,000

372,100
246,000
763,000
278,000
387,000
555,000

152,808
147,500
142,481
138,185
127,108
134.750

3,522,000|3,995.00
4 077,000 4,165,00'
3,341,000 3,5!)?,000
3,237,000 3,545,000
3,281,000 3,619,000

3,>*48

000 147,000 74,000

418,512

8,535,284 7,270,488 7,101.768 e,629,136|4!70a!357
1835.000 1,024.524 1.997.217il.230.393
047.835

Total conspmptlon. tons
9.360,384 8.295,012 9,099.015 7.759,529:5.354,252
* In this wn have iiicliiilml tli« 40..n44 ^ons net held" in
the wan ant
yards of the AmHiic iii Pig lion Storage Warrant Co,
f Deceml)or Imports eatiiDiitvd.

The consumption

—only

Continent.

of pig plus other kinds of iron and steel.
Tota of 2,000 PoiMwto.

has been 3,825,000 bales of the average weight of 400
but that the increase over 1888 is merely nominal

lbs.,

most noteworthv.

COTTON SUPPLY AND CONSUMPTION IN
EUROPE.

18:i5

1831

8,072,000 8,318,000
7,153,000 7,91 B,000
7,894,000 8,172.000
7,077,000 7,404,000
.355,000 6,473,000 7.0 .'8. 000
513,000 7.019,000 '7,562,000

7,946,000
7.670.000
7,409,000
7,186,000
6,641.000
7,007.000

This comparison can be carried back for a much
number of years, but lack of space prevents it.
Suffice it to say, however, that since 1880 the consumption in Great Britain has been augmented only about
11^ per cent, but that on the Continent the increase
during the like period has been over 48 percent; in other
words, the difference in favor of Great Britain eight
years ago was 652,000 bales, whereas now the Continent
Moreover, if we go back to
leads by 296,000 bales.
1873 we find that the consumption of the Continent
has about doubled, while Great Britain has gained only
21^ per cent. On the whole, the year's business has
been satisfactory the heavy increase in the takings of
the raw material on the Continent confirms this conThe exports of yarns and goods from Great
clusion.
Britain were slightly less for 1889 than for the preceding year, but exceeded the results for former years. The
details by months and quarters for 1889 and 1888 were
given in he tCHRONiCLE of January 25, page 147.
The takings by spinners for the three months of the
season since October 1 are as follows.
greater

;

As

in former years,

we have obtained by

cable

all

the

results of interest contained in Mr. Ellison's

Keview of the Cotton Trade

much

gratified to state

for the

"Annual
Year 1889," and are

that never before have the

figures reached us in snch satisfactory shape.

The

cir-

cular was issued in Liverpool on Thursday, and besides
covering the statistics of supply and consumption for

the calendar year and the first quarter of the new crop
Boason, gives very complete estimates of imports, consumption, &c., for the period from January 1 to Sept.
30, 1890.

The

gPINKERB' TAKI.VQg, OO.V8CMPTIOK

In 400

lb.

1,

Bales.

1889

Takings

1,

1^90

Weetfly cotioniimriin

splunors... bales

IN 1889.

Oreat Britain.

Continent.

Total.

949.000
473
449,277,000

889.000

467

470

415,163,000

864,440,000

832,000

847,000

1,698,000

459

457

391,068,Oi;O

387,079,000

458
778,147,000

1.938,000

For 1888.

Continent.

9 ',000

147,000

246,000

4 1 "^Q nnrt
"*""'"""

8,072.000

4,018,(00
3 823,00 J

4,300,000
4,121,000

8,318,0.0
7,916.0

193,000

179.000

372.000

deliveries in

7.1..'>58

79,230

1.52,808

1

(

1.

Average weight of balec.lbs
Tnklngs in pounds

Britain

at.

3 919 000

Bupply
Consumiiiiou
Btocks January

AND STOCKS

January

For 1889.
raUnKR by

lbs. are as follows.

Blocks January

October 1 lo

actual results for 1889 in bales of 400

Total.

Takings by splaners .. .bales
A.verage weight of bales .Iba
Takings in pounds

According to the above, the average weight of the
Europe is 470 pounds per bale to January
this season, against 458 pounds during the same tim»

February
St

ifiE cfefiONICLK

1890. J

1,

Our dispatch

year ago.

also gives the full

Oct. 1 to Jan. 1.
Baten of 400 lbs. each,

Great

Oonli-

Britain.

ntnt.

000* omitted.

Total.

Oreat

Conti-

Britain.

nent.

EMmnted
yar '89-90.

Splnnera' stock Oct 1.
laUngsiu October...

338,

Total supply

CoDSump.

^5,

283,

Oct., 4 wha.

236,
463,

243,

361,
S20,

€99,
612,

£95,
255,

343.
304.

63S

87,

40,

79
669

748
604

~4i7

November.

46,
398,

340,

738,

331,

30.
£33.

TotHl supply
Clonsaiup. Not., 4 nka.

444,
308,

381,
320,

625,
C23,

371,
300,

377,
304.

Spinners' stock Deo. 1

136,
442,

61,

197,

73,

Bplnoei-s' stock

Taklugs

lo

Nov.

1

Takings in December.

Oonsuup. Dec, 5 wks.

578,
385,

Bptnnors' stock Jim.

193.

Total supply

1

518,

(160,

71.
403,

579,

1.157,

474,

400,

785,

375,

527,
380,

179,

372,

99,

147,

419
559.

144,
8571

454,

Jan.

Balet of 400

lb$.

1889.

1.

each.

000» omitted.
Hpianers' stock Oct.
Xaklngs to Jan. 1

1.

—

Oreat
Britain

Oontin.ent.

55.

181,
1.038,

1,123,

BuDnl r
1,178.
Oonsmuptl'D 13 weeks
985,
Spinners' stock Jan.

1

l.i;19,
1

193,

2,025,

372,

nent.

977,

2,397,

179,

Conti-

52.

236,
2,161.

,040,

Sreal
Britait.

1.029.
1

930,
99,

201,i«0

i:t,<i00

•.i7,0<jO

Brazil, W.I.,ic..

2M,000

52,000

19i',000

7,150,000

2,600,000

4,544,0CO
4.991,000
l,45B.OOO
b72.000

4,9^9,000
5,496,000

819.000
Total In bales 400 lbs
Consumption, 39 weeks (157,000 per week). (1,123.000

6.728.H00
5,921.000

400

lbs

Block in European ports. balKS 400 lbs
Stock at mills, bales 400 lbs

In December

156,0
157,0
157.0

•76,0
75,0

76,0

Total

219.
l.f

45,

1,135.

2.16J.
983. 1.918.

246

147,

76.0
76,0
76.0

23ti.OOO

807,000
238,c00

I.,eavlngattbepor:B, bales of 400 lbs
In aoiual bales

400,000
420,000

571,000
527,C00

The

weights at the corresponding time

estimate reduces the combined stocks a,t
and mills on September 30 rather below the figures for any late year.

The above

REVIEW OF PRICES IN JANUARYSTOCKS, GOVERNMENT BONDS
AND FOREIGN EXCHANGE.
following table shows the highest and lowest

The

prices of railway

and miscellaneous stocks

lom

&

15

16

pref..
Do
Burl Ped.Rap&Nor

77

Canadian PaclUo
Canada Southern

73''8

77
25
77 !H

Do

do
do

Do

'JA vret.

rWosBO & Alton

Do

pref..

&St. PaiU.

Do

&

Ohio.

pref..

Northwest...

pref..
Do
Ohio. <& Rook Island .
Chic. St. L. <fe Pittsh .
Do ^
pref..
.
.

Chlo.St.t'.Minn.&O.

Do

pref..

&

119
33'4
SSTg
13»9

6H

3m

67%

•''e

32 »2
95 ><

pref..

69%

7S118

Do

Do

pref..
Cleve. & Pitta, guar.
Col, Hock. Val. & Tol .
Del. Lack. & Western

.

Lake Shore
Long Island

Total
Bales ol 400 lbs

470

2,256,oOO.''00

39t5

049440,000

4v;0,000
40.f'00

679
350
185

28.'>,

250,000
7,150,000

454%

180.(100
14,iM 0,000

46,250,(0i)
3,250.870,'

00

8,127,000

97
156
1 8 •«
134 la

16

48
19

A Nash v..
Alb.&Ch..
St. L & Tex.

Louisville
txiulsv.N.

IjOiilfV.
.Malioiiiui:

Coal Rv.

6>s

67

31ifl

5

H.

AOntonsK'ng 10

Mexican Central

18

Mii'higan Central

93%

.

.'iO

<fe

N.

Y.Lake Erie

Do

&W.

pref..

7
10
70
23

26
60

pref..

Northern Paclflo

Do
Do

20

20

4:^14

48!%

244 >« 250
18°g
738

2OI4

30

31>«
223g

7%

2II4

tO% 63%
80
33%
7«8

pref.
7319
Is
rights.

7'

Ohio lud.A West....
Ohio Sc Mississippi ...
Ohio Southern

20%

22i«

lOia

Greg. Sh. L. & U. N. . .
Do
righs..

18

50 1«

56

Oregon

33 >a

37 19
23

Traus-Cim.

<fe

Peo. Decat. & E'vlUe.
Phlla. & Read certs.
Pittsb Ft. VV. & Chic.

&

Plitsbuig

Do

orof.,

Renssel

&

Wd-tcra.

1 rust lec.
Siirxtoga.

KichmoDd A All., rce.
Richmond Teiminal.
Do
pref.
Rome Water A Osrd.

AT.

Alt

Do

H.....
pref..

A

Tex.
St. Louis Ark.
St. L.
8. Francisco.

A

Do
Do

pref..

Istpref..

Sou'li C'urolitia
Souiberu I'aclticCo..
Texas
Paoillo
T. I. Ann A.
No. M.
Tid. A O. Cent, nri'f..
Tol. Peoria
West..

A

7

1<%

I6I9

40^

3513

154

156

2513

26<4

36

38%

181
183
23
241a
20 13 23H
76
79%
105 108>a
40% 41
115 115
7«1
6
16
17
36I3

3914

PO
32
83

06%

32ia

35%

34>s

lOfiia

48
10
252

SO^s

36i«

69

70

14%

15''g

Union Paclho

6533
1

Virginia Midland....

38

40

Wabash,

12''8

14

Do
Wab.

mw

St. L.

pref..

A

Pao....
pref..

Wheel. AL.Erle, com.

Do

5

prof.

Wisconsin Cent. Co..

24is
19>4
O"*

32
55
107
5
15

IB

33
35

311a

30 ^t

7H»
36%

6738
32i8

Wells,

11314 116

Fargo

A Co.

. .

Coal ano Mining.

Camenm Iron ACoal.
Colorado Coal A Iron
Co>. A Hock. C. A I ..
Coiisiiliilaiiiiu

C"al...

Ilouie.stake Miulug...

Coal.

Niw C.iiitral Coil
N. Y. A P.rrv Coal...
Ontario Silver Min..
Quicksilver Mining..

90
lOt
117

Do
Tenn. Coal

Do

50

pref.

A Iron

12% Am. Cotton
Do
11%

1"

.'^931

113l»

27%
0514

5U

50%

15
22I9

20

713

25
83

23
9
25
91

lOia

10%

10
38

10
401*

6H
37

7%

39
89
119

pref.

32

37

25%

3214

85
18
10

87

ri

Ipts

.r..

Gas Trust...
iVIomdo Fue' C.i
Cbiinii.)

IRM

2%
39"4

Ull. certs.

Cattle Trust....

CautimCii

1071.

142

83
10 1

Amer.Tel. ACable...
Am. Pig lion w ir'uts

76U Am.
l«l8

%

90

84
135

Variocs.

6I4

H

156

152

United States

L h. A VV ilksb.
Minn sjta Iron

1-1

71

29%
16%

27 14

EXPRIiSS.

lOM Adams
2T4 American

151
103

i4

rlKhts..

Do

120
99

m

22 «

20 13

A
A

Do

104ie lOfi*"
8S
91V!
x843a fllV
5014
37

Manhattan, consol...
rq.

17
51

6'^

9

Do

.

Loir. High.

Do
pref..
85
23 Tg
115
133% St.PaulMlnn.AMan.xlim
li«
]9''8
SO'.-

7

Western.

Sc

St Paul. ADuluth...

SB's

Maubaitan Beach...

M

99
157

80^

55
ICO

..

014

.'iSis

These figures of course cover the estimated imports MUw. L. Sh. & West. OOHi
Do
pref. 114
during the full saason 1889-90. The first three months M'lw. A Northern ... 50
Minneapolis & St. L..
6>4
Do
pref.
of the season having passed the actual imports for that
12
Mo. Kans. & Texas.
9
l8
period are available, and by deducting them from the
Do
lights.
Mlssotu-i Paciflc
71 ij
above the probable supply of new cotton for the remain- Mobile & Ohio
13
Morris & Es.sox
1
der of the season is arrived at. This Mr. Ellison has Vash. Chatt. &St. L.. 102
Ne» J' rsey Southern
38
done, and the question of supply and demand for the N. T. Cent. & Hud. R. IO6I4
N. Y. Chic. A St. Louis
16%
nine months of the year (January 1 to October 1) is shown
Do
1st prpf.
70
3RI4
Do
2d pref.
in the subjoined statement, comparison being made with N.Y.
Lack.
West... II2I9
the actual results for 1889.

9719

pref..

Norfolk

St. L.

35

CI. Cln. Chlo. <& St. L.

Bait

Istpref.

1,640,000

7114

113>8 lifiis
loo's ii2is
140ig 54314
9 4 ij 9 R Oa
1 5 Hi
17
431a 4<i:i

2C I4
Do
2d pref.
East India is set down as likely to furnish
Evansv. ds Terre H..
96
1,640,000 bales, and the probable import from Egypt is Gt.tforth'n, suK pr<f. 44i«
Green B. Win. & St. P..
319
placed at 420,000 bales. From the other Mediterranean Hurleiii
252
Hons. &Tpxa«Cent..
314
sources of supply 40,000 bales are expected, and the niinols Central
117%
Do Loused Lines 99
imports from Brazil, the West Indies, &c., are estimated Iowa Central
fti«
Dn
pref..
25
at 250,000 bales.
Reduced to pounds the foregoing Kingston & Pem
2419
Lake Erie AWest'n..
17%
estimates are as follows:
Do
pref..
62%

,.

4538

135

105>9 irgSs
STSg
80
rr

bales.

Poundi.

2718

3^

Waah.

(fe

Lbf.

35

2?9
414

Cin.

(which we received by cable in detail) are baaed on an Den. & Rio Grande...
pref..
American crop of 7,300,000 bales. For the United Den.Do K. Gr. West
Den.
T.
&Ft.
W..oert.
States and Canada he allows 2,500,000 bales, or about
Do
aspcnted..
300,000 bales more than the consumption of 1888-89. DcsMi>lnc8&Ft D..
Iiiil 80 Snore & />tl.
This leaves available for shipment to Europe 4,800,000 E.Tenn.Va. & Ga. By.
Do

lUrOKIS INTO EUROPE 1889-90.

5RM
127>s

€4
133

Ben..rec
Uhlc. Burl. & Qulncy.
Chic. & East III
Atl.

Chic. Mil.

25

53

Istpref.

Cblc.&

last

Do

Pit tub.

Roob.

Buff.

151,0

Great Britain and
oa the Continent have increased 175,000 bales dui in
the month and are now 136,000 bales in excess of the
same date last season.
Mr. Ellison's estimates of supply and consumption

American
East Indian
Egyptian
Smjrna. &o
Braall, West Indies, io

N. Y.

at the

EAILRO.U) AND MI8CELLANBO08 STOCKS.
Railroads.
Low. Bifih.
H.VILROAD8.
V. Y. &N..rih., pref.
88
88
Atl. & Chsr. Air L'ne
30^8 33% Jf. Y. & New England
4tcbl8on Top. i S.Fe,
N.Y.N.H.& Hartford
458
Ailantic A Pacillc
5
loiJfl X. Y'. Out, dt West....
Bos. & N. Y. A. L. pf
N.
Y. Susq.&West...
Buff. H. Si, Erie, new.

151.1

total spinners' stocks in

Batet.
4,80I>,000

«.9fi.<!00

ports

151,0

The foregoing shows that the weekly consumption is
now 157,000 b ales of 400 pounds each, against 151,000
year.

986,000
216.000

Stock Exchange during the month of January, 1890.

* Average as given by Mr. ElU»on; deduction made trom montli's tota
on acoounl ol stOi'page oC spindles.

bales of like

2,945.001
1,526,0(^
232,0(W
30,000
236,000

P' rt« and mills, Sept. 30, 1890
Of whiou attbe mills

Stock at

Ches.iCVot.Tr.cert.
80.0
80,0
80,0

'89,

l,.">:t",C00

00» omitted.
77.0
77,0

,

2,5HO.0OO

Central of N.Jersey..
Central Paclflo
•76,0

\

I02.<it0

Wukly OonrumptUni,

In November

to Oct.

219,(1<I0

216

167.

963,

'90.

.

2,2'2i>,000

755

1888.
Total.

OcM

«o

1,001,

The comparison with last year is made more striking
by bringing together the above totals and adding the
average weekly consumption up to this time.
Oct. 1 to

,'39.

420,000
40,000

Total

181,
180,

1

4,80n,000
Kast Indian....!, '140.000

in bale" or

219.

to Dre. 3

Ecyntiun
BmyrnB. Sic...
Totat

167,
176,

52,

*

Aelnal nci.l foberte'dJnn.l AetualJanl

American

1888.

1889.

Tmportg.

,

movement

for this and last year in bales of 400 pounds each.

iii

Commercial C.ible...
Consolliiateil Gas Co.
Del. A Hiid.son Canal.
Disiillerd
F.Xr'st

52i3
42>4

8U
lOi
92
147

18%
13i«
53%
*8H
80

103
97'%
153**

39i9 AlH
AC
Equitable Gas Co ... 119''8
17
L-u lede Gas. St. U •
19H
Mt. D. A £. 8. L'dOo.$l-12>< 1-I2>a

IW^

THE CHBONIGLE

162
Vaeious.

Low.

Northw. Equipment.
Oregon Improv. Co..

Do

pref

92
100

.

Orexsn R' y A Nav.Co.

MaU

Paolflo

PbUadelpbla Co

99
101

Lme. JUgh102i8 108'<

Various.

Bioli.

19% 221s
10712 IO8I4
43% 43

Matioaal Leail Trunt.

Pipe Line Trust
Pullman Palace Car.

193
189
97 12 97 12
50
64%
55
55
20% 23
83
SS'e

Sliver Bullion cert...

Sugar ReflHPriesCo.
South. Cotton Oil Co.
Tex. Paoitlc Land Tr.

363^

41ie

69

6iH Western Union

Tel..

•Ei-riglits.

In

The range of Government bonds sold at the Stock Exchange
January was as follows:

[Vou

L.

IMPORTS AND EXPORTS FOR DECEMBER.
The Bureau of

Statistics

has issued

its

detailed statement of

commerce of the country for the month of
December, 1869 and 1888, and for the six and twelve months
ending December 31, 1889, and 1888, as follows:
the foreign

MERCHANDISE.

OOTERNUBirr BONOS.
1891

4ls(,

Opening..
Highest..

4>8», 1891,

4», 1907,
rtq.

rtg.

coup,

104 Ob

105
105

126%
126%

104%
104%

12368
12368

1041^
104»8
104»8

Lowest..

6». Our.,
'98 reg.

1907,
coup.
126>4
126i«

4«,

Our-

'126
'126
*125
*125

The daily posted rates for sterling exchange in January
are given below, it being understood that bankers' actual
rates are usually a fraction below the prices posted:
BAKKEBS' STERUMO EZCHANOE (POSTED BATES) FOB JAN., 1890.
De-

Jon.

days.

mand-

Jan.
13...

1....
2....
8....
4....
6....
6....
7....
8....
9....
10....
11....

60

De-

daj/s.

mand.

4 83

4 87

Jan.

60

De-

days.

mand.

84V5 15...
4 8412-5 16...
8.
17...
4 8012-1 484ii-5 18...
4R5-i«
81-ia
19...
4
4 82-12 4 8612
20...
4 82-12 4 86<2
21...
4 83
4 87
22...
4 83
4 87
23...
12....
8.
24...
4

4

25.... 4 83-12

i's4^-5 14... 4 8212-3 4 8612-7 26
4 sola
4 8012

87-12

4 83-12

4 88-12
48412-5
4 8812
4 841*
4 8812

We

have received this week the details of imports and exports of gold and silver through the port of San Francisco for
the month of December, and they are given below in con junc
tion with the results for previous months of the year 1889. The
gold imports, which for December were $595,391 coin and

Dee. 31.

Dec. 2^.

1889.— Exports— Domestic

$95,924,556 $459,062,987 $814,287,981
6,.' 03,534
12,962,412
Foreign
1,109,776
$97.034, 3S2 •$465,566,521 $'<27,250,373
Total
Imports
59,679,106 377,963,549 770,302,657
Excess of exports over Imports $37,355,226 $87,602,972 $56,947,716

1888,—Exports— Domestic

$81,731,843 $375,057,635 $679,597,477
12,163,5-3
1,025.747
5,659,8^8
$85,757,590 $380,717,523 $69 1.76) ,050
60,586,894 352,732,544 72.5.411.371
Excess ot exports over imports $25,170,696 $27,924,979
ETcesB of Imports over exports
*33,'650,32i

Foreign

Total

GOLD AND SILVER—COIN AND BCLLION.

4 88
4 88
4 88

Tor the 6
For the 12
Months ended Months ended

the

numih of
December.

S

4 8212-3 4 86I2-7 27.... 4 84
4 82V3 4 86I2-7 28.... 4 84
4 8212-3 4 87
29.... 4 84
4 8212-3 4 87
30... 4 8112
8.
31.... 4 84-12
87'"""
4 82i«-3 4
4 82I2-3 4 87
Open 4 80^)
4 8212-3 4 87
Higii 4 8412
4 83
4 87
IiOW. 4 8012
4 83-12 4 87-12
Laat 4 8412

IMPORTS AND EXPORTS OP GOLD AND
81L VER AT SAN FRANCISCO.

?37,314 bullion,

For

'99 reg.

'124
'124
*123
*123

125
125

Closin g...
* Prices bid—no sales during the month.

6»,

1889.— Exports— Oold—Uom.

«2S3,603

$8,280,365
29,317
833,302
$312,920
$9,113,667
$2,920,379 $14,336,480
901,499
6,911,984
$3,821,878 $21,248,464
$4,134,799 $30,362,131
$7,615,r.05
Imports— Gold
$1,304,850
Silver
11,308,941
_2,^79,094
Total
$3,883,944 $18,924,446
$250,g54 $11,437,6S5
Excess of exports over Imports

$15,303,497
5,629,963
$50,933,460
$27,187,621
13.502,551
$40,690,172
$91,623,632
$11,980,582
20,237,693
$32,218,275
$59,405,357

1888.—Exports— Goia—Dom..

$28,574,425
5,952,022
$34,526,447
$22,646,792
7,233,613
$29,880,405
$64,406,852
$10,960,773
15,907,969
$26,808,742
$37,538,110

.

Foreign
Total
Sllvei^Dora
Foreign.
Total
Total exports

Foreign
Total

$7,667,692
57,659

$17,907,200
225,'292

$18,132,492
$12,433,521
4,814.019
$17,247,540
$35,380,032

Silver-Dom...
Foreign
Total
Total exports

came almost whoUy from the Australian colothere was received from British North Amer-

Of silver
$5,919,781
Imports- Gold
SUver
9,749,463
and other sources $340,073. Exports did not reach so im$2,333,733
Total
$15,689,244
portant an aggregate as in November or October, the total of
Excess of exports over imports $8,591,23) $19,710,-88
gold and silver being $1,508,290. Of the gold, $85,050
went to Honolulu, $1,000 to Mexico, and the remainder
TOTAL MERCHANDISE AND COIN AND BITLLION.
to China and Japan. Silver bullion of the value of $139,000
1889.— Exports— Uomesilo .. $99,128,538 $481,679,832 $886,779,079
was exported to Calcutta, $140 in coin went to Honolulu, and
Foreign
2,040,592
14,248,820
32,094,928
the remainder of both coin and bullion— |l,283,592-to China
Total
101,169,130 $495,928,652 $918,874,005
Imports
ti3,563,(j50 396,887,995 802.520,932
and Japan. The exhibit for December and the calendar year
nies.

ica

1889

is

Excess of exports over Imports $37,606,040

as follows:

mPORTS OF GOLD AND SILVEB AT SAN

$94,925,325 $405,398,356 $730,818,694
Foreign
2,257,229
10,619,109
25,349,208
Total
|i97, 182,554 $116,097,555 $756,167,902
Imports
63,420,627 368,461,788 $752,280,113
Excess of exports over imports $33,761,92'; $47,Ba5,767
$3,887,789

PEANCI8C0.

Months,
1889.

Coin.

Bullion

Co'n.

Total.

Bullion.

Tola'.

IMPORTS AND EXPORTS Br PRINCIPAL CUSTOMS DISTRICTS.

$
January

. .

February.

.

. .

March
April

May
June
July

August
September

.

October

November.
December.

.

.

12,072 28,410
40,482 51,508
13,171 26,774
39,945 55,694
41,764 12,346
54,110 55,400
9,075 33,328
42,403 43,997
16,818 35,818
52,636 89,924
11,000 38,220
49,220 93,629
10,741 48,117
53,858 60,771
5,274 64,563
69,837
22,986
2,115,442 180,499 2,295,941 95,231
106,732 129,020 235,752 112,790
984,705 61,277 1,045,982 23,039
595,391 37,314 632,705 36,877

121,466
180,172
188,194
210,790
126,330
167,109
183,612
218,274
202,456
159,561
237,263
203,196

172,974
235,866
243,594
254,787
216,254
260,738
244,383
241,260
297,687
272,351
260,302
240,073

Total 12 mos 3,922,185 695,686 4,617,871 741.846'2,198,423
2,940,269

EXPORTS OF GOLD AND SILVEB FROM SAN FRANCISCO.

f
.

.

.

April

May
June
July

August ....
September.
October. ..

November.
December..
Tot. 12

DIS'

TBICT8 AND
PORTS.

December,

Baltlmore.Sild
Best. & Char-

t
973,859

l©st'wu,Mass
BnffaloCk.N.Y
Cliampl'n.N.Y
Charlest'n, S.C

4,415.01.S
&lS.7fi4
S!14.083

Chlcago.Ill....
Cinolnnall,
Detroit, Mich.
Dulutli, Minn.

1,110,441

C*

1888.

Imports.

KX PORTS.

12 months ending

IS mnnths ending

December
Import».

6.<.371

Bzporti.

1889.

31.

December 31.

188S.

t

t

7.220.497

15,409,234

12,098.627

62,091.733

45,104,813

8.524.002
31.781

05.481.778
6.113.234
3.783. J 10

64,534,,532
8.443,,u76
3.362.,836
537,,765
13.121.,003
2.51)7,,235
3,085.i,:t06

,8.38.873

59,383.128

89 169
721 ,0:«

1.,621.23'
23,,63t!,07S

8».63»
2.837.007

B«3,i(J0
13,'

97.018

2,326. '.90

195, 4! la

214.B66

eOT.OSi

70b

7.'^B1

Galveafn, Tex
Mllw'kee.Wis.
Mlnn*s'a,MinD

17.453
31.879
1S7.I03

4,662,524

Mobile, Ala...
New Orl'ns.La

2.1)57

3.316.574
82.820

509.688
721.259

480,751

401,588

,646,189
.355,933

1,693,31*
13,008,628
1,706,877

,82(1,446

,227,08)

4.478.503
1,204,398
14,486,689

689, 286
100,492
133,321
1,098.761
837 728
1,,417.486
978,883
947.21«
88.294
128. !>40
3,,»18.2.t6
8,442.618
SW.IOS 18.2i8.817 W.SlS.Otf 13.217 US) 101.,328.375 80.906,145
NewYork.N.Y 40,21O,59« 32.399,948 494,816,5;0 48»,;i55, 541345.1.816.212 299,895,724
Niagara. N.Y..
3S2.04U
t......
4,191,309
4,046,,341)|
+87,877
+66,98i»

P'tsm'th.Va.

Coin.

January
February
March

OUSTOMS

Norfolk and

MONTHS.
1880.

$99,040,657 $116,353,073

1888.- -Exports— Domestic

79,737
14,751
36,481
31,184
40,593
49,992
20,806
115.433
68,690
342,162
216,944
82,734

Bul'n

$

270
20<1

130
380
985
410
1,356

460
3,640
1,636
2,824

Total.

Coin.

Bullion.

Tola'.

08ttega1e,N.Y
Oswego, N.Y..
Phlladel'a, Pa.

$
79,737
15,021
36,681
31,314
40,973
50,977
21,216
116,789
69,150
345,802
218,580
85.558

625,865
450,620(

486,270
851,524
I

|1,210,095

1,090,188
800,858
1,072,692
532,370
893,117
1,435,890
690.432

621,000
777,500
683,700
775,000
833,500
864,700
500,160
910,892
420,300
726,700
644,000
732,300

1,246,865
1,228,120
1,163,970
1,626,524
2,043,595
1,954,888
1,301,018
1,983,584

952,670
1,619,817
2,079,890
1,422,732

mo. 1,099,507 12291 1,111,798 10133921 8,489,752 18,623,673

11,162

Oregon JJreg.

Portland. Me..
Louia.Mo.'
San Dlego.Cal.
San Fran.,Cal.
Sarannah, Ga.
Vermont, Vt.
St.

Wlllamette.Or

Wllmrg'n.N.C
Totals,

eluding

98.830
60,444
3,144.101
3:1,199

207.709
5r,7u9
4,059.507

2,161.623
151.S95
174.218
5.K84
3,403.781
544,654

12,5&9
S.823.5U6
78.030i 4,435.350
6H7,17e
223.627
59.587
760,490
13,Btf2 1,194,299

182.186
296.202
1.728.430
3.959.532
50,998,r8v-

787.514
2.871,49.-.

453.316
51.287,306
488.396
6.914.106
1,086.082
106,734

87,682] 12,,802,334
114.,28"!
1..60j<,401
2,114.,772!
1.
4.S92.,7381
I,,626.706
45.021.,348: 31 .488,v.56
961.,41191
3,,533.859
3.061 .0601
618.,301
420,894
48,609. 200 35 .290.890
853 ,«ll
,604.401

6.;52
1,055
204

.925,1131

,633.817
,319.21s

13,812,641
1,419,608
1,689,857
2,185.161
28,118.798
1,482,133

280.154
34,272,381
17.850.223
1,784.387
5,660.680
6,198,144

(Inal)

oth'r mats.) 5n.«7fl.10P. 07,034.332 770.302.857 725 411,371 «a7.250,S73 691,761,060

Remaining in warehouse DeoemberSl, 1888
$31,345,196
Remaining in warehouse Decembar31, 1881*
3,^,805,548
• Interior ports to wliioli mercUaadise can be irauapoited
wltlieut
of
Juue
appraisement, under act
10, 1880.
+ Incomplete in tlie aDsenoe of law providing the msaiis of collecting
the statistics of exports to adjacent foreign territory by railroad oars
aLd other land velilcles.

Fkbruaby

1,

THE CHRONK^LE.

1890.]

ment
had
[From oar own correspondent.]

London, Saturday, January 18, 1890.
The 6 per cent rate which has now been in force at the Bank
of England for three weeks has not yet attracted gold. Only
£28.000 of the metal has been sent into the Bank, while in the
one. week ended Wednesday night last as much as £100,000
was withdrawn for Lisbon, the ultimate destination being,
believed, Rio de Janeiro.
During the three weeks the Bank of England has been
charging borrowers 7 per cent, and where exceptionally large
amounts were required, 7}^ and 8 per cent. In the outside market, too, the rate of interest is from about 5}^ per cent to 63^ per
cent. Indeed, at the Stock Exchange settlement, which began
on Monday and ended on Wednesday evening, borrowers were
charged from 6J^ to 7 per cent. Yet this has not caused a
it is

material rise in the rate of discount in the outside market.
The quotation is now 5 per cent, but the real rate is from 4^3
to 4}s per cent, banks generally taking bills at the lower rate.
Since the issue of the Bank return on Thursday the tendency
In the course of the week ended Wedis toward greater ease.
nesday night nearly a million sterling] in coin and notes came
back from circulation. The reserve of the Bank of England in
consequence increased £884,000 to nearly lOJ!^ millions sterling, being 35}^ per cent of the Bank's liabilities. As coin aud
notes will continue to come back for a couple of months billbrokers and discount houses hope that this will restore ease.

millions sterling, the bankers' balances at

are reduced only £859,000.
So far, therefore, the 6 ijer cent rate has failed of its effect.
It is believed, however, that the large Government expenditure last week was exceptional. It is certain that the collection
of the revenue will for two months be at a very large rate,
and the outside market still owes to the Bank of England

about 1% millions sterling. Therefore, it is hoped that the
supply of loanable capital in the outside market may rapidly
decline now that consequently the Bank of England may
get effective control of the market, and may raise the outside
discount rate nearly to 6 per cent. This it is generally be;

week speculators in American railroad securities
pay for carrying over accounts from 8 to 10 per cent.

this

to

This has caused much surprise, aa it ia known that the public
here have been lessening their commitments for several weeks
paat.
Further, the purchases on American account have been
very large for many months, and it was understood that what
stocks are still held here had for the most part been taken up
by powerful operators. The explanation generally assigned
is that the high rates charged in New York at the end of December caused many operators to carry over their accounts in
London, Whatever the explanation may be, the stiffness of
rates surprises all observers, and has depressed the market.
Hot less powerful is the influence of the passing of the
interest on the first income bonds of the Philadelphia & Reading Company.
The feeling here .against Mr. Corbin is very
bitter, and there is much disappointment also because the vot
ing trustees have re-elected him. In their anger the public do
not make sufficient allowance for the fact that Mr. Corbin waa
promised support for five years, and that the charges of misNeither
conduct brought against him have not been proved.
do they recognize that the removal of Mr. Corbin might bring
back again the management which inflicted so much injury

No doubt the feeling will pass away after
a while, but for the present itjis very strong, and is inducing
the public to hold aloof altogether from the market.
The market for international securities continues depressed.
Besides the monetary stringency in London and Berlin, the mar*
ket is affected by the crisis in Buenos Ayres, the unfavorable
upon the Reading.

from Brazil and fears of revolutionary movements
and Portugal. The humiliation inflicted on the latter
Government by Lord Salisbury has painfully excited Portuguese public opinion. The excitement appears to be abating,
the Bank of England but it seems certain that the monarchy has lost groiuid, and

it would seem that the Government expenditure was
very large last week, for while the outside market repaid to the
Bank over 1^ millions sterling, and at the same time transferred to the Government in payment of taxes nearly two

Further,

1G3

intelligence

in Spain

there are apprehensions that a revolution may be the outcomeSenor Sagasta
In Spain the situation is as dangerous as ever.
has not yet been able to form a ministry, and it is not believed
that any other statesman can peaceably carry on the govern"
ment for any length of time. Spain's financial sttuation, too
Still the general opinion is that as
is as bad as it well can be.
soon as ease returns to the London money market there will bo
a recovery in international securities and a very active busi-

ness in the market.

A

renew the concession to the Bank of France which
brought before the Chambers in a few weeks, will give
lieved would attract large amounts of gold. The rate of dis- the institution permission to double its shares. The best incount in Paris is only 3 per cent, and is not likely to be raised, formed think that this will lead to a considerable speculation
firstly because of the vast amount of gold held by the Bank
in those securities.
Then there is to be a great funding loan.
of France and, secondly, because it is expected that within a Its amount and the tinie when it is to be brought out are not
few we«ks the Government intends to introduce a bill in the yet settled, but about two milliards of francs, or eighty milChamber for renewing the concession to the Bank of France, lions sterling, are generally talked of. Further, a group of
and the Bank will be anxious to conciliate popular favor by Paris bankers are negotiating with the Russian Government for
keeping the rate low, while all the other important European another instalment of the Russian conversion loan, and the best
banks have had to raise it. If therefore the discount rate in informed are of opinion that the arrangement is practically
London rises to nearly 6 per cent, it seems highly probable completed. Active business in Paris will stimulate all the
that a large amount of gold will be brought from Paris. And other Bourses. Here in London a considerable rise in Peruas the French Government is about to fund a large part of its vian bonds is looked for now that that the Grace contract has
floating debt, and French baukers are negotiating with the been definitely accepted by the Peruvian Government, and
Russian Government for the conversion of three additional that Chili also has come to terms with the bondholders. If
Russian loans, the great houses in Paris will be desirous of the money market allows of it, several Peruvian enterprises
restoring ease to the London market.
At the same time, are to be brought out with a view to developing the resources
however, the demand for the metal for Brazil is very strong. of the country. And as Chili has made important concessions
The crisis in Buenos Ayres is growing worse and worse, and to the Peruvian bondholders, it appears probable that Chili
the unsettled state of Spain and Portugal makes the banks wUl make larger applications for capital in this market than
there anxious to increase their reserves.
she lately has done.
The price of silver has risen this week ?gd. to 44J^d. per oz.
Consols are firm, as the Government broker is buying for the
The demand is almost entirely for India, where, owing to sinking fund. His purchases for some months to come are
the great activity of trade both in the interior and for export, likely to be very large, for the regular sinking fund of six milthe demand for loans and discounts is very strong. The banks lions sterling will be increased materially by the handsome
of Bombay and Bengal on Thursday raised their rates of dis- surplus of the present year. But British railway stocks have
count from 8 per cent to 9 per cent. Within three weeks the all given way. Even in the case of the " A," or deferred
rates have risen as much as 3 per cent.
During the past stock, of the London & Brighton Railway Company, on which
twelve months the imports of silver into India have been very a dividend of 8i^ per cent has just been announced— a dividend
large, and it is believed that the presidency treasuries hold that a year ago would have appeared quite impossible there
less money now than they usually do at this season of the
was a fall of about 2i-^, which has net been completely recovyear, because the Indian banks in London have for the past ered. The other dividends already announced, though better
year been buying India Council bills and telegraphic trans- than those of twelve months ago, are still not up to the expecfers on an unusually large scale.
Yet the expansion of the tations of the market. And as the working expenses of the
circulation is such that the markets both of Oombiy and Ben- railways are sure to be largely increased this year, specuIn
gal are stringent.
sell than to buy.
rather
to
lators
are
inclined
The high rates charged to the Stock Exchange have stopped nitrate shares there has also been a fall. Shortly be"
all speculation and are causing numerous sales.
At the settle- fore Christmas an agreement was entered into by the nitrate
is

bill to

to be

;

—

THE CHRONICLE.

161

producing companies to restrict the output, to raise the price
and to take measures for increasing consumption. One companj, however, is at variance with the otliers respecting the
best means of carrying out the agreement, and this has caused
considerable speculation for the fall. But the companies
assert that they are agreed in principle, and that the difference on deti.il3 will very soon be settled. In other departments there is little to call for notice, the high rates checking
speculation.

Trade, nevertheless, continues exceedingly active. High
rates have diecouraged speculation in pig iron, and the
price has again fallen this week, that of Scotch pig being
61 shillings per ton and that of Middlesborough 61s. 6d.
The consumption of coal continues to increase, and the

There is also a slight further advance
price is rising.
in the price of raw cotton. Last week it rose half a farthing
per pound. This week the advance is a quarter of a farthing.
For manufactured goods the foreign and colonial demand
generally continues satisfactory. There is even hope that the

Far East will soon begin to buy much more largely. It is certain that India is more prosperous than she has been for a long
time past, and merchants therefore count upon an early in.
crease in the Indian consumption. Consequently, although
manufacturers have not been able to secure a rise in the price
of their goods equivalent to that in the raw material, they are
buying actively. The labor correspondent of the Board of
Trade reports that the number of workpeople out of employment is very much smaller than is usual at this season of the
year, and that this is true of every considerable industry in
the country.
The wheat trade continues quite lifeless. The weather is
unusually mild, which has a material effect upon consumption, and the imports continue large.
The following return shows the position of the Bank of
England, the Bank rate of discount, the price of consols, &c.,
compared with the last three years:

Ciroulation
Public deposits
other deposits

Goremment

sccuiitlee
secnritlea

Other
Beserre
Coin and balllon
Prop, assets to
Bank rate
Consols

liabilities

„....

. .

1890.

1889.

1888.

£

X

£

£

84,145,405

23,845,010

23,826,290

24,068,685

5,383.485

5,357,841

5,091,184

4.189,856

24,760.045

26.004,88»

25,507,006

23.717,053

15.766,104

16,226,919

16,339,304

15,181,805

&

Barley
Oats
Peas
Beans
Indian

noxa

671,404

823.302

1,384,228

com

11.0'.«1.468

6,516,902

1

.039.695
8,581,271
5,988,357
J

19.003,100
7.5».'S,462

6.640,563
1,366,420
912,493
8.68*,151
7,050.!)53

Supplies available for consumption (exclusive of stocks on

September

1):

aen'l mer'dise..

Total

1889-00.
^
,
mportsofwheat.owt.
22,797,2«7
loiports of flour
6,546,902
Sales of hume-grown. 19,882.944

1888-9.
1887-8.
23.142,917 19 005 100
5,938,357
7,0.i6i9i3
13,666,791 16,272,558

1886-7
18.082,682
5.868 986
13,^91,6»6

48,727,133 44,798,065 42,334,611 37.843,334
18H9-90
1P87 8.
1868 9.
1S86-7.
Aver, price wheat week. 3< B. Id.
308. 2d.
3l9. 4d.
369. 3
Av. price Bhtatstaaon.SOs. Od.
32». 4a.
_...
305. Id.
32s. Id
Tlie following shows the quantities of wheat, flour and
maize afloat to the United Kingdom:
JSrtal

.

Wheat
Roar, equal
Mttlze

The

7 hi* vtrk
qrs. 1,'42,500
to qra
tseooo
.

Lost

vieek.
l,762,.'i00

V0s<'00
341.500

1889.
2,?04,500
218.000

qrs.
380,000
291000
Enelish Financial ntarketB— Per Cable.

1888.
1,3X9,000
208.510

405.500

daily closing quotations for securities, &c., at London
•re reported by cable as follows for the week ending Jan, 31:

X90%
liH

72i>8

27%

28

104

104

2858
101»3

91

72%
110
28
104 14

104 14

63%

61%

fi5

78

78Hl

76 14

64 >s
78

f'bH
201s

50

56%

56%

Z0l8

20

20

69

70

70>a

3408

35

641s
77>s
565g
lOTg

69%
33%

6958

33%

City, Keutuoliy,

Grant Oree

;

1,

Jr.,

Capital,
Cashier.

1888.

1

1889.

1

18i<0.

.

$2,612,399
4,916,746

$3,191.842i

5,017,267

4,98y.t>54

$3,157,023
6,867,283

$7,529,145

$8,209,109

$7,570,132

$9,024,308

$2.5=0,498

1.

$12 393.742 $12,147,312 $13,073,205
21,770,573
24 827.550
23.711,160
23,595,669

$1 l,l.'i9,-04

4 weeks..

$32,935,277

437.221,292

$37,858,472

$36,068,874

The following is a statement of the exports (exclusive of
specie) from the port of New York to foreign ports for the
week ending January 38 and from January 1 to date:
EXPORTS FROM NEW YORK FOR TUB WKEK.
1887.

1888.

i6.=l,919,566

1889.

1890.

Priiy. reported..

17,730,672

lf,591,224

$7,363,116
20,614,349

rotal,4weeks..

$23,650,238

$23,619,678

$-:7.977,465

Por the week..

.

*5,0:;8,454

$6,243,554
19,345,958

$25,589,512

shows the exports and imports of specie
at the port of New York for the week ending January 25 and
since January 1, 1890, and for the corresponding periods ia
1889 and 1888:

The following

table

EXPORTS AND IMPORTS OP gPECIB AT
Exports.

KEW

TOrSK.

Importi.

eioia.

areat Britain

Since Jan.l.

Week.

Since Jan.X

$18,3j2

$25,818
$482',506

$5'8 4,790

lo'.i's'g

i6f>,ib9

"1,746

9,000

1.500
64,155

1.300

53,654
1,400
17,807
88,159

$489,976
10.116
113,18:j

France
Qerinany..... ........
\Jerico
ioiith
ill

America

other countries...

51 'ii

3,930

Total 1890
Total 1889

'*38,021
653, 3 iX

$191,5f)2
97ft,-J5

1888

281,bC0

441,243

.Total

_

1887.

Dry Goods

Total,

893,723
954,193
8,756.316
5,8c8,986

lOSHj

109%

Week.

6,4a6..'>20

108 >«

exports for the week ended Jan. S8 amounted to $6,343,554,
against $7,456,393 last week and $7,659,386 two weeks previous,
liie following are the imports at New York for the week
ending (for dry goods) Jan. 23 and for the week ending (for
general merchandise') Jan. 34; also totals since the beginning
of the first week in January.
roKEIGN IMPORTS AT NEW TOKK.

9en'l mer'dise..

lR8€-7.
18.082.682
0.458 8 17
6,301.201

low 58
92>8

Imports and Exports for the Week.—The imports of last
week, compared with those of the preceding week, show a
decrease in dry goods and an increase in general merchandise.
The total imports were §9,034,306, against $8,419,776 the
preceding week and $11,915,760 two weeks previous. Tb«

5

8.

122^

City of Superior.

ilH

1887

1221s

10M%

Charles Scott, Presideut

$50,000.

20,029,718

1888-9.
25.142.917
9,325.259
6,80i,7

7178

12-2%

The name ot The First National Bank of West Huperior. 8urerlor,
Wis., was changed Jan. 18, 1890, to The First National Bank of the

3

1889-90.
owt. 22,297,287
7,656,991

72

William P. Otta, Presi.ieut; Christie O. Ferguson. Cashier.

mPOETS.

Wheat

72%

109%

33i«

77%

x:6%

79'->8

10»?t
27»8

4.217— The Clay City National Bank, Clay

iZH

The following shews the imports of cereal produce into the
United Kingdom during the first nineteen weeks of the season compared with previous seasons:

126%

12838

4,210-Tbe Homer National Bmk, Homer, Lonlsianp. Capital, $50,000.

80,675,346

M

106''8

977- 97 H
87-97 >2l87-.Q5

88 05
107

recently been organized:

20,818,449

Mexican Dollai 8
xican dollars may be quot»d ab out 4358d. nearest, but little has b. en done in these coiu.
Shipptd— Per P.• <«,
<k v^.
O
eteamer. Jan. 7 0, to Psnang, £13.4(i0.

K614

106

97',e
071,9

,

4,2 13 -The Bankers' and Merchants' National Bank of Dallas, Texas
Caii'al, $500,000. Wm. J, Keller, President; A. Hansl,
Cashier.
4,214-Tlic First Nationil Bank of AmariUo, Texas. Capital. $50,000.
William 8. Davi:", President: Alplieus H. Wood. Cashier.
4,215—The First National Bai'k of Platisburg, Missouri. (Capital,
$30.' 00.
George W. Davis, President; James M. Bohart,

Bxitce Jan.
Dry Goods

J&*

97 %

4158
97>4

Commercial mid i|tisceIIjtttC0iis ^tws
National Banks. — The following national banks have

11,711,083

say:

Fri.

445a

331*

19,099,010

99M

Thw*.

69

13.049,566

41M

Wed.
44>a

Union Pacific
Wabash, prrf

19.286,841

4

Tuei.

44%

N.Y. f'entra! «& Hudson. 110
N.Y. Lake Eri- & West'n 27 >«
do.
21 ens
104
Norfolk * Western, pref. 6339
Northern Paollic, prcf.. 77 12
55!>8
Pennsylvania
Philadelphia <& Beading. 2018

13,173,439

6

Hon.
4479
976

Console, new 2%
977,8
9738
97ifl
97»„
do for account
fVoh rentes (in Paris) fr. 8802>s 87'8J»s 87-80
107
107
107
n. 8. 4»s»of 1891
12838
128% l2«3a
D. 8. 48 of 1907
7959
Canadian Pacltio
78
78>fl
71'8
72=8
Ohio. Mil. & 8t. Paul.... 71T8
nitnols Central
122% 122»9 123
IO8I4
108»8
10^08
Lake Slinro
90i«
louisvilcA Nashville.. 89 3«
92%
71I3
71. 'g
Mexican Central 4s
72 J4

20,199,115

Gold—The (leinind f r koM, whicli has contlnund for bo Ion?, l.i now
-» little pai r. but to far tbire lias teenno troubl- in placiug a'l arri> als
.Tie bank has received gold, value iSl.'^.OOO, from Parrs, and £.iO 000
I^'sb'n, Arrivals— From Natal, iE.i4,00(i; Australia,
^^'..'IfJ?!! ^SV?'"
**f.O0O. 8bliimeiii8-To Hombav, Jan. 10, £70.U0U; Jan. 16, £2'.50m
BUver- Silver leiiiaiucd steadi at 4i3ad-. until ilie day of the India
Council alio! uietrt. when. In consequcnrcoftlie blch rates realizc-d. arise
t()4458d.io-k place. To-day It is oven firmer, and 44!^d. U quoinl.
'"•*'''"•
SHipped-To Bombay, Jan. 10,

*ri20»V/ari 6^/2

d.
percts.

For Week.

172,748,000 163,185,000 146.644.000 139,416.00a

AbeU

per 08

18,668,868

97 5-16

Messrs. Pixley

Silver,

10,713,463

S5«

Bat.
44I3|
97;t„

London.

21,868,252

per cent
per cent.

qearlng-House return

1887.

rvoL. h.

$745,810
501,644
202,929

Imports.

Exports.
JSUver.

Week.

Sreat Britain
France . ...

Germany.. ...

MneeJan.l.

Week.

$278000 $1,902,143
........
........

5,000

$64,757
»i',35'i

1,351

'16,866

30,879
2.377
15,882
12,186

"i,48"6

735

$283,000 $1.922 623

$1 3.002

Mexico .. .. ........
*outh America
Ul other countries...
Total 1690
Total 188»
Total 1888

19,000

848.4(11
288,:i0O

Since Jan.1,

I,>08,586

60.7-.!S'

1,0 9 <.2-

38.328

$127,432
131,706
125,801

Of the above imports for the week in 18f0 $3,531 were
American gold coin and |2,888 American silver coin. Of
the exijorts during the same time $19,189 were American
gold coin.

February

i8J0

1,

THE CHEONICLK

]

—

&

Co., of New York nnd Boston,
Messrs. C. H. Venner
offer for sale at par |1 ,000,000 of the 6 per cent preferred stock
of the American Water Works Company, owner of the Omaha
Water Works. This stock is divided into 10.000 shares of JIIOO
each, and is entitled to a cumulative dividend of 6 per cent per

annum, payable April and October 1, before dividends can bo
paid upon the §4,000,000 of common stock. The prospectus of
the company states that the earnings have increased from
$40,000 in lfe83 to $2'1.558 91 in 1889. In the last three years
tlie earnings have increased $153,217 83, or 119 88-100 per cent,
an average increaseof 39 77-100 percent per annum. Estimating the increase for 1890 at 25 per cent per annum, the earnings will be $351,948 66, which will pay expenses, interest,
preferred stock dividends and leave a surplus of
$49,948 66.
The number of water takers has increa.sed
in three years from 2,575 to
an increase of
6,198,
7-10
140
per cent or 46'9
per cent
per
annum.
Computing the increase for the next six -vaers on the
basis of 25 per cent per annum, the company will have 23,850
consumers on the first of January, 1896.
In the cities of iJoston, San Francisco, Buffalo, Detroit, Rochester, Providence
and Albany the ratio of water takers to population is one to
6 9-10. Omaha and South Omaha, it is estimated, have 140,000 people now, and on this basis of calculation, should have
20,000 water takers. By the census of 1880 Omaha had only
30,518 population, and its growth in nine years has been remarkable. The bonds of the company are listed on the New
York Stock Exchange, and it is proposed to list the stock also.
The prospectus states that the company expended in new construction last year ^1,139,336, on account of which this preferred stock is issued.
Investors are invited to notice the offer by Messrs. Griswold
GUlett, in this issue of the Chronicle, of 4 per cent
and 6 per cent city securities.

—

&

—

Aitction Sales. The following were recently sold at auction
by Messrs. Adrian H. Muller
Son:
Shares.
37 Fa);lfl Fire Co
232
250MetTo-,.'lli'iiT .Co 24512-2 iO
4 N.Y. Llielns. &Tr. Co. 700-701
55 N.Y. Gna' .& h rtemi vCi. .=il %
Sh 'res,
230i<>
356 U. 8. Llf-^IiiB. On... H7-i2lia
57 Oriental Bank
270 3auk.,f Auvii a..212%-2i0>4 77 Hanover Nat. Bank...3i3i»i-H55
IGOMonarti .Nat. Bk..- 21-225
6 Nat. Bank or Com ere*.. (id's
238 4tliKat. Bauk ...161 »4-163
i.g. Ul y Firt^Ins.Co 3
12

&

•

Wm

.

206Mercli't 'N..t. Bk.lUa°8-l<~4is
18 Kiiuki-ib'kcrFlrelns.Co. 7i''4
2.5 Colunihla Bauk.
23His 4iOCiiizHn-'Ni.r. Bai.k
184
S6Haiiiilt n Bauk.
130
140 Br, oklynCityRK. Co. ...153
841 .Tersey C'y Ga -Lt. Co....l>6
77 Muulcipal k! ec rlo I.lglit
50 5th Av-.8ateDiyu8ltCo.!2mi
Co. of Brooklyn
119
556 K. W. & O, KK. Uo...H.7»4-108
6 Conttneirtal Ion. Co
234'9
50 N. Y. IJV k. & W RK. C .. 1 13
25 Nat. Bk. ol No America 18-t
75Bk.ofN.Y., >.B.A.247'a-250
lON.Y. ConctT'Co. (limlfa-d) 10
10 Iinpo terMt Traders' Nat.
70 Am. L"an&Tr-.Co Il7>«-li8»8
Bank
.. 55.%
2S Bi-'aw'y&7tliAv RB Co 22«
1 CUnioii nallA'Snclat'n.. 54
40 Faimers' L an & rr. Co. .egg's

100 Maiij)oeaI>BiulCo ,pief $H>()
20P.o.le8' Bank
..245
79 Meicli'ts* Kx Bk .120S8-l23ia
100 Fnrra»;«' Fire Ins 0.> .. 104's
52Br'aw'y RK.i:o o- Bklyn I2514
200Nat. Ciy Bk. of Bklvii..411ia
10 Commerc'l Bk. of Bklyn 160
33 Bank of New York
248's
50Mrchanlc^'Bk. of Blilyn 265
51 NassauNat. Bk of Bkiyu 271
70 Long I I'd hk. of Bklyn. .140
12 First Nat. t k. of Bklyn. .485
ISUnioaFer yCo
164
100 American Kxih. Nat. Bk 162ii
2 Oincinn Haiulli'u & Dayton RB. Co., couimon...lOO

.New Vork Citr Bank Ntat«meiit for the week ending Jan
UiO. u> as follows. We omit two ciphers (00) in all cotes.

25,

Banks.
(OOs omittti.)

iankof NewTork...

3f,

4sabanloa'

A merioa..... ..........
"heull
.nty

rradesroen's.
::homlc«l

Merchants' Kzoh'nffe
iallatlu National
KntcherB'A Drovers'.
iCeolianlcs' & Traders
4reeDwich
Leather &lannfar)t'rs.
4«venLh National
•tsteof New York...
vmerican Bxobanffe..
>)inmerce
road way

$i8,5i
N. Y. City 38, Water
Stock, 1905
104''8&lnt.
$4,700 N.Y. C'y 6s. Paikslmpiove.Bi' k,l904,
135&lDt.
$4..ViO N. Y. City 5(", Cona.il
~
"'
'"
•
Sto k
"F,"
19'6, redeem.
afier Sov. 1, 1896... 113J441nt.
$3, 00N.Y.8iate-8,Can'lDeI ar(m'tLoan,'91,
10.Ti4&lnt.
$22,1 00 Bklyu. C'y Brldge5s,

1917,
139&lut.
$7,000 Loulsv City Sewer Im-

La/iiu

Sp«4«.

Utnlt.

•

•

•

•

1.668.7
1,309,1
8-3,«
1.773,0
1,782,9

lo,(>.1»,(l

8M,9

4.739.;i

3,342,8
219,0
6,052.9

9,.'.11,9
2, 13!.

lepabllo

1,500,0

-t

214.4
116,7
661,6
h0,7
477,5

aanover

1,000,0
500,0
600,0
6PO.0

Market* Fulton

3,2Hl,'l

1,645,9

801,8
376,2
889,2
624,0
260,3
499.4

4hoe Jt Leather
Oorn BxchanKO

1,000.0
1.000,0

Continental.

>nentaL
f

1.600.0
2,000,0
240,0
250,0
3,200,0
2,000,0
300,0

.

Ea

t River
Fourth Nation?!
Central Satloi al
Seco III N iLlonkl
Ninth ^'itional
rirn. National

.

.

... .

I'hird .National

T V. Nat'l Exchange
Sowery
Jew Vork Connty..
,

Jerman- American....
,-.
Jbase Nauonal
?itth

Avenne

ierman Exchange...
tQited states
*arfleld

nith National
Sankol theMetrop..
Veal side..... ........
<'Tth National

Wmf^m

Pir^t

National

NationaUB'klyn

Dee. 28
..

"
...
"
"
..
Boston.*

887,0
281, -2
407.9
681.0

678.8
86t,n

131,.l

6,1 '^8,0

14.822.8
3,191,0

19.1,8

2,987,11
2,81>3,5
2,8;0.t»

697.6

3.98W.O

1,132,1

206.1)

2,0'4».l

346.3

3,073.0
6,118.8
4.241.7

i02,6
518,0
751,1

i,:30.9

277.0
364.9

2.I80.11

20, 01,1

093
182,H

750,0
600,f
100.0
200,0
200,0
600.0
800.0
200,0
160,0
300,0
200,0
600,0
200,0
3,600.0
800,0

231.K
75 i, 9
737 8
458,7
394.6

17,780,7
7,417,0
3,9"3.0

2,438.0
2.576,5
2.019,4

643.1

la7,3
157.0
120.5

580,0
6211,0

16

493,2
2,782,4
92H,1
190,8
191,0

l",8Ml.l

4,ir,.M
2,875,~
2 590,1
4,594.7
2,790.9
2,960.1

181,3
7f0,0

5695
291.2
860.5
400,0
413,0

3.24S,1.

1,910.1

404,1
2,509,3

11.917,2
3,955,0

880,0

8i36g!3

t-sm

3769:0

6,384,9
4.P10.T
2.209,1
22,643.0
24.4i8.e
2,248,0
1.666,8
18.449,3
7,916.0
6,064,0
6,084,7
22,868,6
8.086,7

i'JfH
2.747,0
2.888,5
2.817,9
12,387,6
4,416,2

'SiJZ

3,032.0
B.619,3
2.978,6
3,626;8
1,929,5
6;221.8
2,887.0
3,869,0
2,110.0
11,468,7
4,036,0

352,1

116,9
251,6
415,5
266,2
488,0
19»,o
623.0
110,9
634.:
207,5

612.9

1>72,6

..1

99.5.0

1,20'J.C

4,314,4
2,292,0

718,9

1,388.6

1.4.15.6
2711.1

l,4tf!.3

2^8.(l

i:c,9

660,0
41,0
473.9

1,416,0
1.470,2
6,147,7

7,186,8

268.9
296.7
275,0
6.2,3
231,5
145.8
89.6

lorf.K

1,5211,3

,1,581,0
1,32.^,0

6,i-6''.5
2'2,'>28,J

4989

1,703.2
1,035,3

5.644.7
156,7
262,1

1,9T5,1l,:'b5,2

1,613,1

2.0.0
195,6
433,
139,7
66,0
405,0
244.0
03O.0
365.6

6.<3.4
231),«
4.27e,.^

21,709,9

4,628.7
2,197.0

•J89.6

.

*

I

118.R04, 8
118 604. 8
118.604.,8
118,773 2
118,773,2

Loan«.

Specit.

»

tt

f

•

»

398, 7-:0,5 3.731.3 635,993,9
409, 652.4 3.738.6 776,068.8
414. 754.8 3.743.4 742,143,6

3.74».6 709,773.9
423.977,4 3,515,0 689,651,6

2.i7.6
420.',t

I

1

26

65,544,,9 163,5;8,

..

^

I

"

Pbtla*

i'rVn rtcoring*.

Lfoalt.
1

391,761, 8'73,6^0,7 26.111,1
399,689, 3I77.427.6 26,741;,5
4o».o47, 80,(i82,8 29,021.0
C
40.1.661. 41X2,387,0 30,468 5
400,283,,7 89,ti22,6, 31,403,4

65,.t44 9 162,166,
65 544. 9 1.^3.790,

...

3o,132 3

93,274,

18....

35,132,,3
36,13J! 8

93,479
94,193

We

3,192,3

1,462,5
314,1

ITd
2,7d4a
14,464,0
11,602,9
4,763,1
8,851.1
3.085,6
12.373,9
6,011.7
2,946,8

701.to

200,1.

U...

'

2,6i0.9
11,22 «,1
6.008.2

413.6
643,0

6'.!9,5

4 17.2

18....

25

l,ti34.6

3,278,0
1.316.9

2l<e.9

260.0

'•

"
"

7,7398

2,072,9^

165.4
201,7
20.1

60i,6
4,255,6
730,1
924.5
318.1

1,010,0
300.0

Jan.

Jan. 11

1 18.0
47'2.0

.I:1SS-S4.113,0
4,4 BT 4

dcj

Sundu

». York.'

4
11
18
S6

16.7H9.0
16.530.8
6.71O.H

675,2
320.0
297.5
4.229.0
2,561,8
P5H.4

lO.MlIS

61,062,7 57.710,5 400,283.7 89r622!6 21,403,4 423,977.0

Total

Jan.

2.951.4

46330

664.0
257.8
364.0

l.'.7.0

7.586,8
7,718.0
10,747,8

.-132.0

1,031,2
A58.7

4H«,4
877,5
635.9
]>'2.3

1.1

2,3.^1,9

663,7
265,5
319,4
6,107,8
307.4
138,4

750,0
6jO,0

3Cli,8
6,219.1.

1.2-4.1

280,3
402.3

300,0

mnorters' 4 Traders'

Park
.Vorh River

08

10.330,0

10,7790

4.489.4
13,174.3

1.293.9

780,0
600,0
600,0

2,e53,0
1,011,0
3,041,2

l,VSfl,<
3.40.S.3

1,631.5

460,0
200,0
700,0

.............

America.

"Jorth

',48 1.8
1, '27 5.0

21,746.7
3,579.2
5.192.4
1.9H.VH
2.728.0

DevoKU.

B'O.O
88S.0
051.4
092.0

2.510.0
3,015.0

9,270.0
7.287,3
0,Ok2.o

IHI',3

423.7

Chatham

10,74''.0

1,372.6
287,7

200,0
200,0
600,0
300,0

Mercantile.

CapitnJ

105is&lnt.

Survltu.

t

1,200,0
5,000,0
5,000.0
1.000,0
1,000,0

Bamks.

Watf r

St-, k, 1904....

OavUaL
3,000,0
2,060,0
2,000,0
2.000.0
8,000,0
1.000.0
1,000,0
1,000,0
300.0
600,0
1,000,0
800,0

•fantaattanOo
vlerchaDtfl',

Jl-.nti8.

$66,500 N. Y. .Ctty

165

24,849,0
26,126,0
26,106,0

oinU tufo ciptierit ^n all the»e Hgares.
the item ''due to other banks."

837.8 2,535.5 101. 363.0
742,6 2..533.5 100.419,6
457,3 2,636,9| 93,419,3

6,599,
5 577,
5,621,

9.379.0
9,019.4
8,816,3

93,231.l. 2 137,0

69,456,1
73,071,4

93,393.0

7 6,076

91.631.0 2,137,0

t Incladlng, tor

,i,l-29,0l

Beston aad Pbllar

deiptala,

Bank Stock List— Latest
BANKS.

Bid.

BANKS.

Ask

America

213
Am. Exch... 163
Asbnry Park
Bowery
2;i
Broadway...

Ask.

880

G«nuHQ Am.
German Ex.

Vai'h,
1U(I

r.'s

128

North River.

I4if

Orieutal

148

Hwi.over
USD
Kud Kiver.. 160

215
175
260

A

!S3

Columbia....

MaitiHon 8q.. 102

•230

liii.

Tia<lN' 6«.)
1^7

IbO
Paciflo
ftHB

UaMierMie" 240

181

Mauhuttan...

Commerce... 300
112
13S

•iM

......

IbS
146

IftA

M'ohs'ATrs'. 215
Mercantile... 220
Menhauta'.. IU4
Merch'tsEx. 121

4etrupolltau
.vletroiMiljH...

'2o(io
t«.'>

ICi

112

.MechttuicB'.. 21

(

t'.iOII

2ti5

Ask.

167

8
325
3««

1B7
127

10

Mt. Morris ..
•Murray Hill. 2.>0
NaaHaii
160

170

1247

'02

Npw

V..rlc.

Republic
Seaboard

132

ftt

Went

Side.

230
10«
lOS
lOrf

I

92
16)
106

I

no

Central Crcsstown— 8l'k
140
Istmort., B«, 11122
118
Cent. Pk.N.A E. Riv.— Stk. 116
Consols. 78, 1902
118
Otrist'ph'riloth St-Stk. 138
BondB, 7», IHlm
110
Pry Dk.E.u.di Bafy— stk 131
IBt mort.. 7m. 1*493
106
B.D. E.B. A B;—Sonp's's.. 1(10

121
120
121
140
113
142

183

180

Bighth Ay.— Btuek...;

i

150
118

Second Ave.— Stock

115

il>8
!•

3

l»l uioit., 58, 1910.
I

I

Slxvh Ave.— Stock
l8t mort., 7a, ItOO.

TRANSACT A OKNERAL BANKIiVCi BUSINESS.

CUT OF DEWER,
4 P£)K
114
140
liio

98

r05
190

COL,

CENT BONDS.

Assessed valuation
$41,443,000
Indebtedness only l^i per cent of ossc-sed valuation.
125,000
Population
A1.S0,

CITY OP council. BLilIPFS
(Iowa)

110

6

PEE CENT IMPROVEMENT BONDS.
For

43
lIBi-j

60
110
100
106
107
200

il'S

106

240
Bonds, 6.S, 1937
Tweniy.third St.—Stock.. :80
l8t mort., 7s, 1893
107

260

iThird Ave.— Stock.
I

!>.»

95
ll4

Co.,

All classes of Sccurltiea Bought .and Sold on Comaibision. Sperfal
attention Klveii to Investment Scoiiritlcs. Direct wire i.j each olfico'
and to Pliiladelphia. Boston and ChlcaKO.

200

iHl mort, 7,s, 18113
108
42dat. Mauh.A 8t.N.ATe. 41
l»t moi t.. 68, 1910
lis
2il inurt., iucome.tis
69
Boost. W.8t.& P. r 'y—Stk. lti5
l.st mort., 7s, 18i*4
Niutii Ave

Spencer Trask &

N08. 16 and 18 Broad Street, Nenr York CUy.
ALBANY. N. Y.: SARATOGA, N. Y: PROVIDENCH, R. L:

'135

Ibevenih
1130
8hop<£Leath. IS.'i
2.->0
Sixth
St. Nicboian. 12.i
State of N.Y. 112
Third
ISO
Tradesmen's. im
United St'es. 215

City Saiiroad Securities— Brokers' (Quotations.
30
Eighth At.— 3crlp,6s,1914 108
1:7
420 & ur'ud at. t ly— atk. 200

2d mort.. 6s, 1111*
lot
B'way Surface bd')...1024 105
Boni1sKuar.,6s, 1805
Hi
Brooklyn City— ftock
160
Istmort,, !5s, l!i02
106
Istmort., 7f, 191,8
108

aticl ^Ittttwclal,

BANKERS.

180

Bl'ckerSt. ai i'ui. i\ -Stk. 25
l8tmort..7a., 1^00
116

Br'dway & 7thAv. St'k.. 225
1st mort, 6s. iVUi
l'J5

"gVLUhiUQ

115

Marliotdi (•u: 210

!33

Sallatin

Park

People's
i236
Pheulx.... .|]40
Produce Ez.il 10

200

Fourth

l.'>7

Ninth

145

Citiiens'

14th Street..

I3.-I

•idO
•Z70

Irnijjf

Fifth Ave....
First

N.Y.NaLEx.

..

210
Chatliam .... .115
Chemical.... 4200 ^'udo

li'S

Bid

Gr«*enwich..

Gui-iuaiiU.

....

Cliase

Commercial..
Continental
Corn Kxch...
East River..
11th Wai-d...

BANKS.

N.Y.Coanty. 450

306

Butcha'd^lJ,'. lat

Central

Bid.

Garfield

prices this week.

109

sale

ORISWOliU &
S

WALL. STREET,

by

G1L.I.ETT,
NEW YORK.

SPECIAL NOTICES.
B^COUNTV BONDS — EIGHTY THOrS.VND

lOlNNB-

haha County, Dak., Court-House 4>3 per cent Bondg. Maturing In fifteen and twenty years. Assessed valuation $7,828,290. Total debt,
only $92,000. Population 25,000. Debt limited by statute not ex
ceedlng 4 per cent. Offered by the EQorrABLE Mobtgaob Compaut^
208 Broad wa7, New York. Bee card on flrat pa^e of CuBOSlcta.

THE CHRONICLE.

166

Continental bills were: Francs, 5 31 J^ '^5 205^ and 5 ISJ^®
5 17 J^; reichmarks, 94i^@945g' and 95^^095%.
The rates of leading bankers are as follows

'ght ganlijers' ^a^iette.
DIVIDKNDBi

January

me foUowlDK dividends have recently been announced
Bool<$ Cloied.

Same of Company.

{Days

tnelutive.)

Amsterdam

"V,

Bt.

Providence

& San

li.

& Boston

Demand,

on London. 4 84 '94 841a 4 88 -ai 88>a
- 4 82is®4 82!^
4 82 ®4 821*
5 20 S5 20=8 5 17"3a5 I8I9

Paris (francs)

40 40ia
94>9«94!<8

(giillders)

Frankfort or Bremen (reichmarks)

Paelflo.

Cincinnati N. O.
Flint & Fere Marquoite prcf
K. C. St. L. AC. prpf.gnnr.(quar.)
I<ouiBiana A- Mo. Riv. pref. Ruar..

N.

Sixty Day».

24.

Prime bankers' sterling bills
Prime commerciaV
Document ary commercial

Railroads.

& Teias

[Vol. L.

40H®40%
95^^95%

•Following are quotations in gold for various coins:
$4 35 -a?* 88 Fine silver bars.. —91^9 — 98
® — 95
Napoleons
3 86 •3 3 90 Five francs
X X Kelcbmarkg. 4 74 ® 4 78 Mexican dollars.. — 76ia3i — 77ia
Do uncommerc'l — 76 a — 77
4 82 B 4 87
25 Pesetas
— 71 a 721b
Span. Doubloons. 15 56 ®15 70 Peruvian sols
Mex. Doubloons. 15 55 ®15 65 English silver.... 4 82 ® 4 86
par ® 3] aprem. U.S. trade dollars — 74 » — 78
Fine gold bars ...
Coins.

Sovereigns

10 Jan, 16 to
10 Feb, 1 to Feb, 10

((j\iar.)

Frauci.fco Ist pref...

BaiikM.

—

Kew York Nutiouiil Excbange
jniacellaueoua.
lilneoln Safe Depogjt

United States Bonds.—Government bonds have been steady
though at times weakness was shown, especially in
The Money Market and Financial Situation. —The the 4s, which are quoted lower at 123^^. The purchases by
Friday.
very large increase in the surplus of the city banks, as shown the U. S. Treasurer have been only $313,300 since last
Thursday the Secretary of the Treasury announced that he
by their statement of the 25th, placed them in an easy position On
would purchase 4s from the banks (from whom Government
and further relaxed the monetary situation, and the rise to 7 deposits were called) at 134, if presented on or before Februper cent to-day is considered quite exceptional.
ary 30.
The statement for this week is as follows:
The stock market this week has been the strongest of the
year, if we may judge by its resisting power in standing up
4 Per OenU ine 1907.
*% Per Cent* due 1891.
against events which at another time might have caused a
0/«rtn»». PureVa. Price* pafd. 01«rtnfl». Purch^ee. Prieet vaiiNorthserious break. These events were the withdrawal of
»18,0oa
104«
118.000
Satarday ...
west and Union Pacific from the Inter-State Railway AssociaWAI.I. 8TKKBT,

FRIDAY,

Jan. 31. 18B0-3 P. M.

as a rule,

Monlay

3u,000

SO.OCO

lat-

Tneaday....

85,000

ter occurrence, with all its surroundings, was, to say the least,
a most unpleasant affair, and in a sensitive and overstrained

Wedn'sdaT.

101,800

85,000
101,200

104«
10«K
104M

ThoradaT...

70,000
14,000

70,000
14,000

104X

»S12,200

tSl 2,800

10494

tion

and afterward the Sixth National Bank

market

it

fiasco.

might have been so exaggerated in

The

B'ridaj

bearings and

its

Totel.

made so much of for speculative effect as to cause -an important decline. As it was, the Street appears to have put a just

The

.

..

closing prices at the N. Y.

estimate on the matter from the start, and its real character
as a purely local and isolated job appears to have been grasped

very clearly.
as to the Inter-State Railway
taken very calmly, and whatever the pre-

The other transaction
Association

is

also

Interesl

Jan.

Periods

25.

$80,000

U4

125.000

124

Board have been as follows:
Jan,

Jan.

Jan

Jan.

Jan.

27.

28.

29.

30.

31.

104 Jg 1041a noiJa lOlJa •1041a *1033a
104%* IO413 *104Ja 'lOlJa *104ia*1040s
..
124 |23''8-=4
124
124 la! 12412*124
124Ja 124
124 •124 *12358*12358
.coup.jy.-Jan
48,1907
116
116 *116 *116 1*116
6s, eur'c.y,'95 ...reg. J. & J. 116
118 *11S •118 *118
118
..reg.lJ. & J. '118
6s, cur'cy,'96
120 120 •120 *120 *120
6s, cur'c.v.'97 ...reg. J. & J. '120
'1-23
123 •123 •123 1*123
123
6s, cur'cr,'98 ...reg. 'J. A J.
125
125 *125 *125 1*125
.reg. J. & J. 125
68, cur'ey,'99.
This Is the price bid at the morning board no sate was made.

4I23, 1891.
4I2S, 1891.
4s, 1907

Q.-Mch.
coup Q.-Mch.
...reg. Q.-Jan
...reg.

..

.

,

.

1

I

cise effect

may

be, as

viewed by

insiders,

it is

evident that

far less interest in this subject than a year ago, and
either a new compact is expected or else the railroad men feel

there

is

confident that they can get along without any compact.
One of the best points of the week his been the improved
demand for investments, and the Board sales show a large and
steady business in railroad bonds well distributed throughout

the list, which is indicative of an investment rather than a
speculative inquiry.
Railroad earnings are keeping up well and show a good
increase over January, 1S89, although that was a comparatively

.

I

I

;

—A

good business has been
State and Railroad Bonds.
Sales of the week
transacted in State bonds at higher prices.
include $65,000 Louisiana consols at 97Ji'tt9S; $14,000 Nor.
Car. special tax trust receipts at 8{all; 2,000 class 8 at 11;
$i3,500 consol. 4s at 963^ a 98; $108,000 Tenn. set't. 83 at
74'a74%, $13,000 5s at 102i^@104 and $5,000 old 6s at 683^;
$25,000 South Car. 6s, non-fund., at 5® 5^^; $10,000 Brown
consol. 6s at 1023^; 5,000 Ga. 7s, gold, at 102i^; $35,000 Va. 6s
def. trust reots. at

good month for railroad traffic.
The open market rates for call loans during the week on
stock and bond collaterals have ranged from SJ^ to 7 per
cent, with Z% per cent as a fair average; to-day the rates
w^ere 3@7 pier cent. Prime commercial paper is quoted at 5@
5J£ per cent.
The Bank of England weekly statement on Thursday showed
a gain in specie of £1,488,689, and the percentage of reserve to
liabilities was 43-13, against 39-91 last week; the discount
rate remains unchanged at 6 per cent. The Bank of France
lost 3,050,000 francs in gold and gained 2,135,000 francs in

tively.

silver.

The New York Clearing House banks in their statement of
January 25 showed an increase in the surplus reserve of
$7,250,525, the total surplus being $15,031,650, against $7,781,125

the previous week.
The following table shows the changes from the previous
week and a comparison with the two preceding years in the
averages of the New York Clearing House banks
:

1890,
Jan. 25.
Capital

Burplug

Loans and

Difr'ne'i fr'm
Prev. Week.

1889,
Jan. 26,

1888.
Jan. 28.

61.062,,700
60,,762,700
57,710,,500'
52,,402,600
dlsc'ts. 400,283,,700 Dec 3,277,,700 392,,821,900 356, 068,100

Ctroulatlon
Net deposits
Bpecle

3,515,,000 Dec, 234, 600
4. 734,000
7, 579,700
423,977,,400 Ine 3,719, 900 424, 324,800 378, 247,900
89.622,,600 Inc 7,235,,600 88, 550,200 83, 308,800
31,403,,400 Inc. 944, 900 37,,545,800 34, 512,000
121,026, OOO.Inc. 8,180, 500 126,,096,000 117, 820,800
105,994, 350, Inc. 929, 975 106, 081,200 94, 561,975

i«gal tenders
Keserve held
Iiegal reserve

Borplos reserve

..I

15,031,650 !lnc.7.250,.'i25

20,014,800

23,258,825

Foreign Exchange.— Exchange was stimulated early in the
week by the activity and high rates for money in London,
and our bankers' posted rates were advanced to 4 84 and 4 88,
Another advance to 4 84^4 84i^ and 4 88@4 88>^ was made
on Thursday, the tone being quiet but firm.
To-day the rates on actual business were as follows,
viz.
Bankers' 60 days' sterling, 4 83}4(a>4 88J^; demand, 4 871^
@4 87%. Cables 4 88^ §4 88>^. Commercial DiUs were 4 83X.

S^'§9.

Railroad bonds have been active and strong all the week.
The demand has been pretty general, and prices advanced
moderately for most of the list, while the declines were
unimportant, except in the case of the Wis. Cent, incomes,
which fdil off 2}4 per cent on Tuesday and Wednesday, and
Terre Haute dividend bonds advanced to 58^^;
close at 65.
Temiessee Coal & Iron, Bir. Division and Tennessee Division
issues, have also moved up sharply to 103}^ and 104^^ respec-

:

•

—

Railroad and Hiscellaneons Stocks. The tone of the
stock market in the early part of the week was decidedly
strong, and the transactions were on a comparatively large
scale; the prevailing idea that Mr. Gould was in the market
for a rise, together with some buying for Chicago and Boston
account, gave strength to the upward movement. Later in
the week, however, prices fell off, and the tone became
weaker, the developments regarding the Sixth Nat. Bank and
the withdrawal of the Chic. & No. West, and the Un. Pac.
from the Inter-State Railway Association unsettling the market to some extent. To-day (Friday) the tendency was to
stea(liness on a moderate business early in the day, with more
strength towards the close.
Louis vUle & Nashville has been a leading feature, and
showed special strength on the announcement that the $13,000,000 new stock had all been subscribed at 85J^; with an active business the price moved up to 90 J^ on Tuesday, the highest since Jan., 1882, and closed at 89% to-day. Chicago & East
Illinois common and preferred fell off on rumors that the preferred stock dividend would be passed, and the preferred closed
at 80 and common at 32}^, against 34 for the common and 85
The grangers and the coalers,
for the preferred last week.
except Delaware & Hudson, have been weak at times and a
New York & New England on Boston buying
trifle lower.
and good earnings has advanced to 48^2.
In the Trust stocks Sugar certificates opened the week strong,
and on Monday rose four points; but owing to realizations on
Tuesday and Wednesday they reacted sharply, only to become
active again on Thursday, advancing 3 points, and to-day closing at 64, against 56}^ last Friday. Other Trusts were irregular, Lead being active and higher early in the week, and
closing to-day at 21}^ the same as last Friday.

—

Fkbruaey

THE CHRONICLE.

1890.J

1,

STOCKS— PRICES AT

N. T.

STOCKS.

KR.

Aetive

STOCK EXCUANOE FOB WEEK ENDING JASTUARY
HIQBEST AND LOWEST PBIOES
Monday,

Saturday,
Jan. 25.

Stocks.

46

P^®^-

Chicago

St. PttiU

Min.

& Dm..

&

St. L...

Do

"96% 97>D

pref.

Cleve. Cinoin. Chic.

Do

47
34

34

72'8
98I4

7288
98>4

pref.

Tuesday,
Jan. 28.

Jan. 27.

323^ 321a
Atchison Tup. >% Santa Fe
x73'8 73'8
Cauadian PaciUu
5508 53>8
Canada Siml Uprn
122>4 122>4
Central of New Jersey
34'8 34''8
Central Piiciflc
26»8 26»8
Chesapcalje &0.—Vot-Tr-cert.
643g 65
Do
do Istpret..
44ag 45
Do
do 2dpref...
Chicago Burlinjrtou & Qulncy. lO?^ 107»a
3414 36'4i
Chicago <b Eastern IlUuois...
87'4
85
pref...
Do
6938 69?i
Chicago Mllwaiikee&St. Paul.
II518
11518
pref.
Do
11138lll'3
Chicago & North west era
pref. •141 13 143
Do
9678 97'^
Chicago Kock Is^land & Pacillc.
Chicago St. Louis & Piltsburg. n6ia I7J4

Do

32% 33%
75

75

55% 56%
121
122%
3458

345g

26% 27
65%

33
33%
75% 75%
65% 56
11978

34

45%
107%

4514
10858
3758

46% 46%
34

35

97%
72%
98%
22%

97%
73

98%

.

Manhattan Elevated,
Michigan Central
Milwaukee Lake Sh.

Do

1051a loS's
•89
91
84% 8512
47% 4812

...

103

coiisol..

&

101

*115%117

pref.

10578 IO6I4
'89
91
85% 8678

49

45 14

46

18%

pref.

aiia
•21
611a

I9I8
8
3112

Do

Norfolk

Do

&

*7ia

Western
pref

Northern Pacillc

75I2

Bt.

& Duluth
pref
Paul Minnea. & Manitoba.

Paul

Bt.

•lllia 112

Southern PaclUc Co

Texas

<s

Pacltle

Ann Arbor & N. M
Union Pacillc
Wabash, new
Wabash, preferred
Wheeling iS Lake Erie
Tol.

[I
j

90%
48% 49%

IOI4

7614
177e

7558

76%

103
107
I8I4

71%
39%
27%
645g

76I4

22

54%

5514

3714

38%

18
101

1S%

1758

17»8'

84

85

112

88%
89%
49%

23

*1758

6514
4679

19% 19%

19%

7=8

769

769

31% 31%
2178
62=8

30
22

22

63%
32% 33%
7569 76%
22>4 22%
54% 55%
37% 38%
22

22%

38%

3i)%
2258
7878

108
17

114

9%
7414

18
102

18

103

107%
18

63

80

2214

2268

21%

54% 54%
3678

32
85

35

35%

6768
1378
2914

68 14
14

6778

6879

14

14

29%

2914
3414
7979
3379

29%

110
17

108
17

37%

36%

95

•80

32%

2159

1

•47% 48

'94
100

»..?"

Receipts!

,

rs.
.
WstUlers' &
Cattle F. Trust
National Lead Trust
Pipe Lin? Certificates 5
,

112

Sugar Kelinerics Co

Express Stocks.
Adams

155

American
United States
Wells. Fareo <fe Co
!!!
Inai'tive Stot-ksl
American Telegraph & Cable.

Atlantic

&

Pacific

Chicago & Alton....
Cin. Wash. & Bait.— Trust
Do
pref.— Trust

i-cc.

rec.

^"

St.

do

Louis Ark.

Texas A

& Texas

156
116

142

pref

88
142

88
142

•85% 87
•4% 5%

87

4%

131
2% •2%

134

2%

I

5

5
I8I4

18%'

1678
9379

1679

100% 100 14

89
-138

L19
8568

59% 62%

89
142

153
I

115
88
138

40

2II4

21%!

6II4

152

156
116
89
142

•2%

314

•2%

5%

5%

3

558

'5I4

5%

19
1969 •17% 19
16% 17
17
10178 162" u'ri" 102 102

101

41%
193
86

85%

•B%

250
7
38

248

217t,

90

156
116
90

140% 140%

86
6
135

84% 86%
•4%

131

2%
•514

17

1

5
135

3%

5%'

1S%

17

102% 103% 106%

i

•

no .fate made at the Board.

6

4214 Jan.

1

1

32

71>4Jan. 28
17 116% Jan. 29
17 112% Jan. 27
13 14314 Jan. 8
98 5, Jan. 4
1759 Jan. 2
49% Jan. 28

2O1

35

Jan. 27

97% Jan. 27
9
4
28
28
4
27
31
19i4Jan. 31
68 Jan. 31

2

23
23

4
27
28
23
30
27
6
27
29
29
31
4
9
25
29
23
27
28
28
2

27
27
27
30

30
31
27
2
8
13

7
9
3
27
30
28
28
27
27
23

10

48% Jan. 39
50% Jan. 27

Jan. 21| 37

102% Jan.
50

35
145
202
125

152

Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.

S

22
10
23
23

24
31
16
7
27
29

Jan. 13

Jan.
II314 Jan.
84 Jan.
135 Jan.

85

2 10779 .Jan.
64% Jan.

Jan. lOl

Jan.
4=8 Jan.
il33 Jan.
50
2% Jan.
210
414 Jan.
15
1,660
Jan.
100 16 Jan.
4,930 96 Jan.
114 244% Jan.
669 Jin.
60
Jan.
10, 37
335
6 Jan.
1,700 20% Jan.

Prices from both Exchanges.. x^Ex dividend.

8
29
31
27
23

25% Jan. 20 33i4Jan. 4
39% Jan. 2! 41% Jan. 28
19% Jan. 151 22% Jan. 27

201,917

113
105

I

•6I4

I

;

1,115.

13,075
2,310
82,643

10559'^,«y,')oo

142

258 3I4
514 5%
17% 19

16
102

I5214

63% 64%

156

1%

I

21%

103%

''115

130

23
3

Jan. 4
27% Jan. 2
65% Jan. 9
45% Jan. 9
10858 Jan. 27
3759 Jan. 27
88 Jan. 27

35

39i4Jan. 2
80(j 102
Jan. 17 103
2.575 »2 Jan. 2 9778
7.855 147 Jan. 2153 14
1,191 43% Jan. 3: 48
300 92 Jan. 9 95
5.53 100
Jan. 14101
37,080 36% Jan. 3 41%
1,316 189 Jan. 2 193
10,300; 83
Jan. 9 89
1,225 101
Jan. 31119
21,941 83 Jan. 151 8578

102%
96%

33
27% 28
39% 40

156

83B8

I

I

64%'

24,810
33,130

33

115% 116
•86
•133

•85% 87
•85% 87
87
5%' "4%
5% •459 6
134 !•130 135
131
134
314'

8478
1

40

106% 10458 10658 103% 105
65

405
4,130
19,614
14,964

47% 48%
94 96

•

27% 27%

41
21% 22

41

M52 156
115% 116%

89%

18% 20
*16'4

41%
22%

LOl

^33% 35

34

8,395
1,580
6,504
75,516
7,185
3,524
1,395
2,836

47%
49%

218 250
249
246 230 251 255 230 255
6
678
67g
678
679
6%!
6%
6% 6%
•36
36 37%
•36
•36
-35% 37%
38
37% 39
39
714I
•6% 714
714'
6
6
6
6
"23"
2314' •22% 23% 22
2158 2214
22
22
23
2214 2214

'248

Land Trust"
These arc the nniuiR bid aud asked
Pacltle

•152

88
138

•131

Columbus & Hocking Coal
Denver & Bio Grande.
'"
Evansville <fe Terre
New York New Hav.Uautc
& Hari'
Quicksilver .Mining Co

155

115% 115% 116

85%

'33% 35
27% 2879 2714 28

28% 28% 28I4 2914
40
40% 40% 40% 4979
21% 21% 21% 22% 22
106% 10679 106 1075p 106
56% 58% 59
64
63%

•

96

100%
38% 3978 39%
191%
192
L92
85%
85% 86

.

5614 Jan.

127% Jan.

I

4678
46% 48
48% 497« 48%
102% 102%' 102%
96%
97
97
151
152% 151%

,

34

2178

35% 36%

36

;

34%

86

67% 68% 67% 68I4
13% 1358 •13% 14
2869 2878
287a 29%
33% 34% 33% 34
70
70% 6978 70%
3358 34
33% 3414

1

34

17
38
86

111% 112%!
34% 3479

I

34

110

32% 32%
•84

85

21% 22%
3514

22
3779

20% 20%
38% 39%
22% 23%
79
79%

11178 112
3458 3479

22%
35% 35%

22%
62% 63%
32% 32^8
75% 76

3759

3714

22 '4

7%

31

2214

22 14

107
17

3514

7%

29%

37

90

2214'

22%
63%

21%
39%
22% 23%
78% 79%

iim 11179
34%

30

21
3868

17

48%
19% 19%

54% 55%

22I4

110

22%

33

104

IO714 IO714
18
18

46=8

1959
759

1

American Cotton

18

6514

47%

I

(Unlisted.)!'
Oil Trust

75%

33% Jan. S
77% Jan. 16

30

10
73

22% 22%

9%

100

Highest.

106% Jan.
20
91% Jan.
159,813 x84%Jan.
91i4Jan.
3,225 37 Jan.
50% Jan.
6,239 100 Jan.
107 Jan.
1,742 93% Jan.
96 Jan.
21 96% Jan.
104 Jan.
114 114
505 xll4 Jan.
117 Jan.
9% 978 5,667 9 Jan.
11% Jan.
76I4 Jan.
7414 75
65,351 71% Jan.
I714 17%
2,320 13 Jan.
18% Jan.
102 104
400 102 Jan.
103 Jan.
106% 107% 1,815 IO6I4 Jan.
107i4Jan.
17% 17% 6,697 16% Jan.
18i4Jan.
71
71
1,275 70 Jan.
71% Jan.
38I4
38% 40
1,510
Jan.
39% Jan.
27% Jan.
27M 27% 21,805 26 Jan.
60
60
1,165 60 Jan. 21! 65i4Jan.
4759 48=8 80,908 4314 Jan. 7! 4858 Jan.
19% 19% 3,455 18=8 Jan. 22 20i4Jan.
525
7% 7%
7% Jan. 2 7% Jan.
29% 31
400 30 Jan.
31% Jan.
21% 22% 1,161 2114 Jan.
22% Jan.
63 14
63
7,800 60% Jan.
63% Jan.
3258 33
14,200 30 Jan. 13 3369 Jan.
75% 76
22,839 73% Jan. 13 76% Jan.
•21% 22
651 20% Jan.
22% Jan.
54
54% 6,074 50% Jan.
56 Jan.
3678 37% 44,350 33% Jan.
38% Jan.
2014 21
23 Jan.
8,575 16% Jan.
38 14 39 14 195,420 35% Jan.
40% Jan.
23
23% 70.775 20% Jan. 13: 23% Jan.
2.635 76 Jan. 18 79% Jan.
78% 79
20 105 Jan. 2| 108% Jan.
108% 108%
16% 18
515 16 Jan. 11 17 Jan.
1,270 36% Jan. 27 39i4Jan.
37
37
37 90 Jan. 17 96% Jan.
800 32 Jan. 24: 34% Jan.
32% 32%
84 86
500 83 Jan. 171 85 Jan.
1,570 IIII4 Jan. 28115 Jan.
111 113
3459 34%
3,800 32% Jan. 15 35% Jan.
21% 21% 14,850 20% Jan. 17; 22% Jan.
357g 36%
9.300 30% Jan. 4 36% Jan.
55,050 65% Jan. 17i 6378 Jan.
67% 68
13% 13% 2..16O 1278 Jan. 18 14 Jan.
28 6g 2873! 13,026 27% Jan. 14 29% Jan.
33% 33% 9,685 3014 Jan. 11 35 Jan.
7014:
4,279 67% Jan. 8 71% Jan.
70
33% 33% 10,055 32% Jan. 17 36% Jan.

9%

114

1,175
3,550
4,210

1800.

29
29
25

66

114

32% 3278
75% 76%

37% 37%

I

17

30% Jan.
x737g Jan.
53 Jan.
119 Jan.
3314 Jan.
2578 Jan.
64 Jan.
43% Jan.
105% Jan.
31% Jan.
80 Jan.
67% Jan.
113% Jan.
10969 Jan.
140% Jan.
04% Jan.
15% Jan.
43% Jan.
32% Jan.
95% Jan.
69% Jan.
97 Jan.
18% Jan.
134% Jan.
33% Jan.
35')9 Jan.
9 Jan.
67 Jan.
20 14 Jan.
117% Jan.
17% Jan.
62% Jan.
104% Jan.
88 Jan.

1,

7359 Jan.
99 Jan.
2379 Jan.
138% Jan.
36% Jan.
36% Jan.
10 Jan.
70 Jan.
23 Jan.
120 Jan.

71

73
23

7114
71% 71% 71
72
39 40
39% 39% 39
40
27% 27% 2714 2759

78%

i

•16

171.1

71 14

22

I

75 14

55 14

67% 67% 68
106% 105% 106% 105% 106
88 89%
88% •88
90
91 14
89% 90% 8914 90
50
50%
49% 49% 50
IO514 104% 104% 102 105%
94 96
95
94% 95
96
96% 96% 96% 96%

34 18 34 14 34 14 35
3469
Do
do
pref
71%
70% 70% 7014 71
Wisconsin Central Co
3414 35
3514
34% 35%
mscellaiieous $i(ocks.
Chicago Gas Trust
46% 47% 47
47% 47% 48% 47
48
Colorado Coal & Iron
4914 4978' 49% 50%
48
48% 50
49%
Commercial Cable Co
102% 102%; 102% 1027s 102% 102% 102% 102%
Consolidated Gas Co. .
"l
9778 9779
97 14
97
97% 97% 97% 97
Delaware & Hudson CanaL.!! 15012 15114 15014 151% 150% 151
150% 151
Oregon Improvement Co
48
46% 46%; 47
47
47
47
48
•93
Pfef95
94% 94%' "93% 95
95
95
^°„. .
^
Oregon E'y &
Navigation Co 100 101
100% 100% 10078 10079 10058 101
Pacific Mail
3914
39 14 40
39
3979
39%
38%
39%
Pullman Palace Car Co!"!
192 192
190 192
192 192% 192 192
lennossee Coal & Iron.
8714
85% 86I4 86
86% 86
86%
86%
do
pref! 113
114
117% 119
116 119
_, ^ D" „
Western Union
Telegraph
8.->
Si's 85
85% 8514 3579
85% 85

Trast Stock*,

2578

3214

75%

1890.

1,

Lowest.

Shares.

32% 19,418
75% 1,350
10.310
54% 55
120% 119% 119% 7,855
3459
34% 34%
260
7,675
26% 2579 26
65% 6479 6478 4,299
45
3,320
44% •44
107% 106% 107% 16,540
32% 31% 32 14 13,305
80
81
81% 4,318
70% 69% 7014 106,853
1,461
116% 115% 116
HII4 110% 111% 10,110
140
141
71
140jh
9689
94% 06 14 41,396
33

JAN.

Bange Sfnoe Jan.

Week,

Friday,
Jan. 31.

•9% 10

9% 10
74% 76

27 14 27 14
64% 65
4579 47

33%

112

10579

17
104
103
107% 107% 107

34% 35%

29%

34

•71

73
23
120

66 14 66%

94%

3468

35
35%;
67 14 6758'
14

26% 26%

*95
113

34

*13ia
28^8

3459

104%

106

10

45% 46 ^
19% 19%
7% 768
31% 31%

•32

Do

91

10%

7814 78I4
Eome Watortown & Ogdeusb'g '107 108 107 109
"16
Bt. Louis & Ban Francisco
1678 17
18
Do
pref.
37% 37I2 36% 37 14
Do
Ist pref. *86is 95
90
90
pref.

106%

•89
87I4

114

22% 23
39
40%
2178 22%
•77% 78%

225n

31<>8

23

10578

xll4

22

37 18

39% 40
21% 21^8

Phila.& Head. Vot. Trust. Cert.

Bichmond&UestP't Tormina

Do

22

54%

37
20

75

71

66%

11678 117

757e

5312

3314

75
55

AND SINCE

Sales
of the

119% 119
119% 119% 120 120
1879
18% 18% 18% 19% 19% I914

96

33

22

32>>s

•9% 10

10
73
23

95% 96

75%

6II2

32

Do
pref
Ohio & Mis.sissippi
Oregon 9I>. L. & Utah North!.
Oregon A Trans-Continental..
Peoria Decatur A EvausviUe

Jan. 30.

31,

46% 49% *48% 4914 48
48% 48% 4858
34% 34% 34
34% 3314 34
33
33
•96% 98
•97
98% •95% 97%
97%
"72% 7258
72% 73
73
7359
72% 73
98% 98% 98% 99
98% 98% 98% 98%
22I4 22%
22I4 22 14
2214 23
23
23 14
136 136% 135% 13614 135% 136
135% 136%
3579 36%
3579 36%
36
3514 36
36
36% 36% 35% 36I4 35% 35% 36
36

•95

2114 21%
62 14
62
3358
33

22

Jan. 29.

3m

105

95% 96

.

New York & New Eneland
New York Ontario West
New York Busquehau. & West.

34

102% 103

Missouri Kansas & Texas
lOia IOI2
10%
Missouri Paciflc
7514 75*1
7558
Mobile A: Ohio
1758 17=8
17%
Kashv.CliattauooeaA- St. Louis •102
103
102
New York Central & Hudson. 107 107 107
Mew York Chic. & St. Louis.
17% 18
1779
Do
7lis
1st pref.
71
71%
Do
2d pref.
38% 3914 39%
New York Lake Erie & West'n 26''8 27
27
Do
pre?.
64% 64% 6458
cSt

50

105% lOSk 107

95% 95%
West.. *100

Thursday,

32%
75%
55% 55
120% 119% 120% 119

26% 26%
65
65%
447s 45%

>i!

long Island
Louisville* Nashville
Xx>uis. Now Alb. & Chicago

Wednesday,

65 •« 6558 65%
45
4514
44%
108 108% 1067g 108
10678
36
37
37
36
32%
86% 87
8014 84
87
88
81
69^8 70%
70% 7114 70
71
6978
116 110% 116 117
116 116% 115%
11112 112% 111% 112
11114111% 11079
141 142
142 143
141 141
140%
97% 98% 97% 9779 96
97% 95%
17
17% •17
17
17
1714
18
6514

CoIumbusHocklngVal. &Tol. 23 Is 23 '8
23%
Delaware Lackawanna >& West 13718 137>a 136 137%
35I4, 35>4
35^8 36
Denv. Tex. ii Ft. \V.. Vot. cert.
35»8 3508
Do
assented
3578 36
East Tennessee Va. & Ga
9%
9%
9% 9%
*93e
•71
•69
l8t prof. •7OI9 72
72
Do
22 7e
Do
2d pref. 21iS8 21% 22
23
'118%119J4 119 119
119%
nUnoig Central
Iiake Erie & Western
18«8 1858
185g 1878 ••1858
66
Do
oref
66
66
66% 66%
I<ake Shore & Mich. Southern

167

9 156
4 116
6 90
7 142

6
13

20
31

Jan. 31
Jan. 22
Jan. 31
Jan. 27

Jan. 2T
Jan. 10
Jan. 24
3i4Jan. 13

87
5

4135
25

OkJan. 14
Jan 27
Jan. 6
17 108% Jan. 31
10 250 Jan. 23
2
7% Jan. 4
3

10 20
20 17

18

6
2

39

7%

Jan.
Jan.

4
3

23i4Jan. 27

THE CHRONICLE.

168

INACTIVE 8TOCKS~QaotetiOBS
'
TBiS
Alb'ny

Kllz.I^x.&B.8| 20
BayW.\8t.P|'
7%
Hoim. itTex.C.
S>a

A Bnaq

Bell.&Ko.Ul.pfi
B.&N.Y.A.L.i>fi

Buff.R.&Plt&.
do.

do

pref.

Keok.&DesM.

M.

F. Jk

24

Den.&R.O.pfd

KinKS. &Feiub
Laclede Uas...

DesM.&Ft.D.

Mahon'g C. B'y

55
108

Ck>l.iGr'nv.pt

Pea vt.AF.D.pf

Ain>

MiSCEU BONDS.

4 Pac—\V. D. inc., b», 191U
Guar., 48, 1937

Atl.

Can South.— 1st

guar., os, I'JOb

2d, 5b, litis
Central of N. J.— Ist, 7b,

18U0

..

ConB01.7s, 1S99
Convert. 7.s, ly02

12 b, 1212
71
72
107 14 107 J9

St. L.
pref.

I

121 Jan
124 la Jan.

111 la nils I1014 Jan.
115 b, 115 b. 115 Jan.
100 b,
103 Jan.
107 la Jan.
lOS^aa. 110
114
114
112 Jan.
102'4b 10214b. 101% Jan.
103 b.
118 a. II512 Jan.
100^8 101 1«
IOOI4 Jan.
111 b. II313 110 Jan.
126i4b.
126i2b.
126 Jan.
Olilc. Burl. & Q.— Cou. 7, 1903..
104 b. 10438b, 104 14 Jan.
Dcbcuture 58, 1913

53, 1987
Leh.& W.B.. cou. 78, 1909,a8'nl
do. Mortgage, 0», 1912
Am. Dock di Imp., 58, 1921 ...
Central Paoiflc— Gold 68, 1898
Laud giiiut OS, 1890
Mortgage 58, 1939
Chcs. A: Ohio.— Mort. 6s, 1911
Ist consol. 58, 1939
Che». O. & 80. W.-Bs, 1911...

C—

9412b.

931a

118

b.
120 b,
05 b.
93 lab,

126
114

b,
b,

114iab,

107 5sb,
102 12

103 '4b.
Chic. & N. W.— Conaol. 7s, 1915. 144i6b. 144 b,
1263ib 127
Gold, 78, 1902
11512b 117 a.
eiukiugfundba, 1929...
10812 b. 108i2b,
SiuUiugfuud 5s, 1929...
Sinking Jimd detaont. 5s, 1933 Ill b. 109 b,
25-year debenture 5s, 1909... 106 b, 105%b.
08»4
99 b,
Bxtentlou43, 1926
94
Chic. Peo. & fct. L.— GUI. 53, 1928 91i2b
Cblc. R. 1. &Pac.— 6s,coup.,1917 130 b. 130 b.
I0518 10558
Bxtenslon & col. Da, 1934
Ch.St.I-.Ai Pitt.- lst,cou.53,193^ lOlifib
Chic. St. P. . ai O. -Con.6s,1930 120 b. 120
95 %b,
Cautou— 1st, 5s, 1917. 96
Oleve.
1.— Consol. 7s, 1914. 130 b, 130 b.
C. C. C.
116 b.
Geuei-al consol. 66. 1934
107 >a
lion— 1st 68, luoo.. 106
Col. Coal
78I4
Col. H. Val. &'lol.— Con. 58, 1931
General gold, 6s, 1904 .
77 b.
118 b.
Denver Rio Gr.— 1st, 7o, 1900
Jlst consol. 48, 1936
78 a. 77''8
100 a.
Det. B. C. Alp.— l8t.g.,68, 1913
Ld.gr.3i28, 1911 35' b. 36
Det. Mac.
100 b.
Dul. iron Range— 1st, 6s, 1937 101
92 b. 92 b.
iJul. 80. Bh.& Atl.— g., 5s, 1937.
G.— Con., &s, 1956 I0412 10412b.
E. Teun. V.

&
&

M

b

A

78%
76%

941a Jan.
92 Jan.
118 Jan.
120 Jan.
97 Jan.
90% Jan.
12458 Jan.
11378 Jan.
113 Jan.
1051a Jan.
102 14 Jan.
103 Jan.
IO314 Jan.
143 Jan.
126I2 Jan.
1151a Jan.
IO814 Jan.
109 Jan.
105% Jan.
96 Jan.
01 la Jan.
I2914 Jan.
104i£ Jan.
100 Jan.
121 Jan.
04 Jan.

118 ia

Jam

C—

74

1

121i2h. 120
10213 IOOI2
105 14 IO414
93 b. 931a

•

119
77

b.

I2014
lOOS^b.
llO'tb.

74 12

Coupon, Us, 1909
Kentucky Cent.— Gold 4, 1987
KlnasCo.El.— l8t,ser.A,5s,1925
liacledo Gas— Ist, Ss
1919
L. Erie & \\ est.— iBt, g-, 5s, 1937
Lake fehore.-Con.oi(.,lst,78, 1900
C0118OI. coup., 2d, 7s, 1903
Long Island- 1st, con., 53, 1931
Gfiueral mort., 4a, 1938
Ixmi.-4V. & ^ ashv.— Con.,7s, 1898
N. O. & Mob.— iBt, 63, 1930.
do.
2d, 68, 1930

84i2b,

84^2

104%b. IO4I2
85
87
IIOI2 110 b,
125 a. 125 b,
124'8

98

b.

98

b.

118i2b. 119
115i2b. 11718b,

.

106

b.

109

b,

Jan.

Jan.
Jan.
Jan.
114 Oj, Jan.
7418 Jan.
120 Jan.
100% Jan.
IO914 Jan.
7314 Jan.
84 Jan.
104 Jan.
S3 Jan.
llOia Jan.
124 Jan.
123% Jan.
110 Jan.
97 la Jan.
115 Jan.
II514 Jan.
106 Jan.
113 Jan.
113 Jan.
1091a Jan.
105 12 Jan.

E. 11. &^.— Ist, 68, 1919....
113%b. llo%b,
General, 68, 1930
113% 1131a
a'rust Bouds,68, 1922
111
50-year 5». 1937
Collat. trust Os, 1931...
106
104% .Ian.
lAiuis. N. A. &Ch.— Ist, 60, 191U 116 b. 117 a,
114JaJau.
Consol., gold, 68, 1916
103% 103 b, 103 Jan.
Louis. Soiitu., 1st g. 6s.. 191' 10312b, 103 lib. 102 Jan.
Louia.8t.L.& Tex.,lst g.6s. 1 01' 101
101
lOOig Jan.
Mem. ii Char.—6», gold, 1924..
104 Jan.
Metro. Elevated— lat, 63, 1908. il2%" il2' 'b. 112 Jan.
2d. 6s. 1899
107 %b 1081a 106 Jan.
Mich. Cent.— 1st, con., 78, 1902 127 b. 126i2b. 126 Jan.
Consol., OS, 1902
Ill
111 J,m.
Mil. Lake t-h. A W.— Ist, 6s, 1921 i'iii^i). 122 lab, 123
Jan.
Conv, debenture, 58. 1907
10,112b. 104%b, 101% Jan.
Exteii. AInip. s.f.,58, 1929 .. 115
105 '4 101 Jan.
Mllw. (fc Korth.— M. L, 68, 1910 110 b. llO'sb, llOiaJan.
l8t. Con., 68, 1913
108 b. lOSiab, 108% Jan.
Hlnn. & St. Ixiuls— Ist, 7s, 1927 lOtHb. 10412b,
Mo. Kan. & Tex.— Con., 6b, 1920 7412
7ii2 Jan
73%
Consol,, us, iy:;u
74 b. 63 "a
61 la Jan.
Mo. K. & T.— Vm.. 7o, 19O4-.V0 113
II318 110% Jau.
Uo. Pacific— Ist, con., 68, 1020 111 b. 111 b. 109% Jan.
Sd. 7s. 19'1«
niln.Tni,.
I

»OXB.-Tlieletter"b"ladiwte«piioe

»(<(,

14

I

exoh.inue, an»

IO314 Jan.
122 Jan.
124 12 Jan.
112 Jan.
116 Jan.
103 Jan.
I0912 Jan.
114 Jan.
IO213 Jan.

117

Jan.
1015i Jan.
1131a Jan.
127 Jan.
105 Jan.

95 ,)an.
93 la Jan.
lis Jan.
121i2Jan.
100 Jan.

94% Jan.
127 Jan.
1145, Jan.
117 Jau.
107i2Jan.

102% Jan.
103

Jan.
Jan.
Jan.
12778 Jan.
116 Jan.
109 12 Jau.
110% Jan.
1061a Jau.
98% Jan.
94 Jan.
13018 Jan.
105% Jan.
lOlifiJan.
12212 Jan.
97 Jau.

105

144

118i2Jan.
Jan.
Jau.
Jan.
1181a Jan.
78 Jan.
100 Jan.
38 Jan.
101 14 Jan.
93 Jau.
105 Jan.
110 Jan.
Iu4 Jau.
I39I2 Jan.

79
77

I

119i4Jau.

76 Jan.
12014 Jan.
lOlia Ja
112 Jau.
75 la Jan.
85 Jan.
105 Jan.
87 Jan.
111 Jan.
126 Jan.
125 Jan.
I1714 Jan.
99 Jan.
119 Jau.
117 Jan.
IO8I3 Jan.
114 Jan.
114 Jan.
II He Jan.
106 Jan.
108 Jan.
116 Jan.
1 05
Jau.
104 la Jau.
101 Jan.
1041a Jan.
113 Jan.
IO8I2 Jan.
128 Jan.
III Jan.
123 14 Jan.

104%

f.,

1911. 101

6s,

b,

& St. L.— Ist, 78, 1913 132iab,
108 b,
Consol. 5s, 1928
N. Y. Central— Extend., 58, 1893 103%
N. Y. C. & H.— 1st, cp., 7s, 1903 13013b,

Nash. Ch.

Debenture,
N.Y.

5s,

1900

78

N. Y. Chic. & St. L.— Ist, 4s, 1037
N. Y. Elevated— 1st, 7s, 1906. ..
N. Y. Lack. & W.— 1st, 6s, 1921.
Cons' ruction, 5s, 1923
N. Y. Out. & W.— 1st, 6s, 1914..
N. Y. Sus. & W.— l8t ref ., 58, 1937
Midland of N. J.— 1st, 6s, 1910
North. Pac— 1st, coup., 68, 1021
Geiieial, 2d, coup., 1933
General, 3d, coup. 6s, 1937 .
No. Pac. Ter. Co.— 1st, 6s, 1933.
•Jbio Ind. & West.— 1st, 58, rec.
Ohio & Miss.— Consol., 7s, 1898.
.

Soutnem- 1st, 68, 1921 ...
2d, income, 6s, 1921
Omaha & St. L.— Ist, 4s, 193:"..

Ohio

lOregonlmp. Co.— Ist,

101
132

b.
b.

101

Jan.

;i32i4 Jan.

10878

106% Jan.

104

103 14 Jan.
130>4 Jan.
Jan.

130I3

llliea. Ill

1904

& Har.— 1st,

I

96I3

97

93i2Jan.

11412b 114
131 b

114 Jan.
I3212 Jan.

113 b 11312b. '112 Jan.
98 14b. 99
07i8Jan.
115 Jan.
114
114% Ill3% Jan.
113 b. 113%b, 11258 Jan.
113iab 109% 10914 Jan.
107 b. 107 b, 106 Jan.
83 b. 8314
8214 Jan.
115 b. 115 Jan.
108 b, lOO'aa. 1 08 Jan.
52 b,
55 Jan.
74''8b,

1010. 103

63,

7514
10.1%

731a Jan.

1909 I12%a, 111 b.
103
10312b.
Oregon & Transcou'l— 6s, 1922. 104% 105
Penn. O0.—412S, coupon, 1921.. 109
10914b.
102 b.
Peo.Dec. AEvaus.— lst,6s, 1920 101
Evansv. Div.— Ist, Os, 1920.
103 b.
1021a
2d mort., 5a, 1927
69
72 a.
Phlla. A Read.— Gen. 4s, 1958.. 87
86>4b.
Ist pref. income 53, 1958
71
70 b.
2d pref. income 58, 1958
50%
50 b.
43
3d pref. income 58, 1 958
42
Pittob. & West.— 1st, g., 4.=i, 1917 80 b. SO'sb.
Rich. &A11.— l3t,7s,Drexel cert. 69
70
40
2d mort., 63, 1916, Drexel cert. 3958
Rich. & Uauv.— Con., Os, 1915 .. 11512b 116 b.
Consol. gold, 5s, 1936
89%
89 b.
Rich.&W.P.Ter.—Trust 68, 1897 lOlia 102i!ib.
Con. l8t& col. trnst, 58, 1914
81
72 13
EioG. Westeni— 1st, 4s
1939 72
K.W.&Ogd.— Con., ext,5s, 1922 110 b, 110 b.
St. Jos. & Gr. I3l.— 1st, 6a, 1925. 105 b, lo5 b.
St. L. Alt. & T. H.— 1st, 7s, 1894 11012b llOiab.
2d, mort., pref., 7s, 1894
112 a, 110>ab.
Ore. K. &Nav. Co.— Ist, 6s,
Consol.. 5s, 1925

.

lOHaJan.
llOia Jan.
102 14 Jan.
103% Jan.
108% Jan.
101 Jan.
lOlis Jan.
69 Jan.
85 Jan.
68 Jan.
48 Jan.
401a Jan.
80>a Jan.
681a Jan.
38 Jan.
11 513 Jan.
88I2 Jan.
100 Jan.
78 Jan.
71% Jan.
110 Jan.
104% Jan.
II012 Jan.

111 Jam
89'8
St.L.Ark.&Tex.- lst,6s,excoup. 89%
88% Jan.
26iab, 26'a
2d, 68,1936
2413 Jan.
St. L. <fe iron Mt.— 1st, 78, 1892. lOesb, 107ie
106 Jan.
2d mort., 7s, 1897
109 b, 10858b. 108% Jan.
Cairo & Fulton— 1st, 78, 1891. 101 b, 101 la 10012 Jan.
Cairo Ark. & Tex.— lst,7s,1897 103''8b, 10459 10258 Jan.
Gen. R'y & land gr., 58, 1931. 88 la
90%
88 Jan.
St. L. & San Fr.— 68, 01. A, 1906 112%
I1213D. 1121a Jam
6s, Class B, 1906
68, Class C, 1906

11212b, 11213b. 1121a Jan.
ll2iao. II2I2 Jan.

112%

General mort., 68, 1931 ..
110
General mort., 58, 1931
6. P. M. & M.— Dak.Ext.,6s, 1910 117

lOrf-a

109 13 Jan.

.

b I17iab, llSiaJan.
llSiab, 117%0, 115% Jan.

101%b, 101 %b, 101% Jan.
102 b, 102 lab, 101 la Jan.
881a

39

115

Jqi)

1.

lOliaJan.
102

Jan.
Jan.
63 "a Jan,
101 Jan.
133 Jan.
109 Jan.
104 Jan.
13012 Jan.
Ill's Jan.

116

07
115
134

Jan.
Jan.
Jan.

1131a Jan.
99 Jan.
1161a Jan.

llHaJan.
11379 Jan.
Ill Jan.
1071a Jan.
81 Jan.
115 Jan.
10978 Jan.
55 Jan.
7513 Jan.
104 Jan113 Jan.
10314 Jan.
106 Jan.
10914 Jan.
10312 Jan.
103 Jan.
7212 Jan.
87 Jan.
8OI3 Jan.
54% Jan.
49 Jan.
8218 Jan.
70 Jan.
40 Jan.
117 Jan.
9013 Jan.
103 Jan.
81 Jan.
73 Jan.
I1012 Jan.
105% Jan.
I1012 Jan.
111 Jan.
91 Jan.
29 Jan.
108 Jan.
109 Jan.
101 12 Jan.
105 Jan.
9078 Jan.
113 Jan.

113i4Jan.
13 Jan.
112 Jan.

1

1

1813 Jan.
Jan.

120

101% Jan.
101% Jan.

b,

871a

"

Siukingfund, 8s, 1893
Kansas Pacitic— Ist, 68, 1895
1st, 6s, 1896
Denver Div.— 63, 1899
Istconaol., 68, 1919
Orcg. Short Line— 1st, 6s, 1922
Virginia Mid.— Gen. m., 5s, 1936
do
stamped guar.
Wabash- Ist, gold, 5s, 1939
2d mort., gold, 58, 1939

lloiab, 116

Wis. Cent.

Jan.
Jan.

Jan.

bSiab.

86
116

Jan.

7512
6514
1131a
111

i890.

861a Jan.
891a Jan.
85 Jan.
85 Jan.
85% Jan. 87 12 Jan.
116
Shen. Val.— 1st, 7s, 1909, Tr. rec.
113% Jan. 116 .Ian.
50 13
General 6s, 1921, Trust rec... 501a
48 Jan.
.501s Jan.
9612 b. 96
60. Car.— 1st, 6s, 1920, ex coup. 96i2b,
Jau.
06 Jan.
9 a.
Income, 6s, 1931
8 b,
712 Jan.
9 Jan.
60. Pac., Ariz.— 1st, 6a, 1909-10. 107
10612b. 107 Jar. 107 Jan.
So. Pac, Cal.— 1st, 6s, 1905-12. 116 a, 115 b. 115
Jan. 115 Jan.
101. b. 101 b. 101 12 Jan. 102 14 Jan.
1st, conaol., gold, 5s, 1938
So. Pac, N. M.— 1st, 6s, 1911 ... 107 b, I0718
107 Jan. ,10713 Jan.
Teun. C. I. & Ey.— Ten. D., 1st, 63 lOOia 104%
97 Jan. 104% Jan.
IOOI4 1031a
Biiiu. Div., 1st, 6s, 1917
98% Jau, 10313 Jan.
Tex. & Pac— 1st, gold, 53, 2000 Olia
02%
92 '2 Jan.
0058 Jan.
4013
3912
2d, gold, iucoine. 5s, 2000
3814 Jau.
4012 Jan.
107
Tol. A. A. & N. M.— Ist, 68, 1924 107%
105 Jan. IO712 Jan.
Tol. A. A.& Gr. Tr.— 1st, 6b, 1921' 107 b, 110
107 Jau. llOiaJan.
Xol. & Ohio Cent.— 1st, os, 1935 102 lab, 103 b. 102
Jau. 10314 Jan.
76 b. 76 Jan.
Tol. Peo. & West.— 1st, 4s, 191 7.. 76 b,
76 14 Jan.
100 b. 99 Jan. 101 Jan.
Tol. St. L. & Kan.C— l8t,68,1916' 101
Union PaciHc— 1st, 6s, 1899 .... 11558b 116
115 Jau. 116 Jan.
. .

Jan

.Tan.

45
69
150
40

.

1933
Do
reduced to 4ias .
Collateral trust, 5s, 1898
Montana Ext. 1st, 48, 1937
San A.&Aran. P.— lst,g.,68,1916
l8t, gold,6sl926
Ist consol., 6s,

b. 115i4Jan.
liissb Uliab. IlllisJau.
111 b. Ill b. 110 Jan.
114 b, 11312b. 1 13 Jan.
116
115
11458 Jan.
110 b. 114 Jan.
116
86 b. 86 Jan.
86
fc7 b.
88 Jan.
861a
I0314 102 Jan.
102'8
86
85
83% Jan.
82i4Jah.
do.
Feb., '90,coup. st'p'd. 84 b.
Debent. M., series B, 1939 ... 52
52%b. 50 Jan.
W eat Shore— Guar, ,4s
10414b. 105
lOlin Jan.
9214 J.in.
West. N. Y. & Pa.-lst, 5, 1937. 9312b. 95
31=8
29 Jan.
2d mort,, 3g., 5.sc,1927
30%
lOOia Jan.
West. Un. Tel.— Col. tr., 5s, 1938 101 b. 102
Wheel. & Lake E,— Ist. 5s. 1926 98 b.
105 Jau.

I0514 Jau.
1H>4 Jan.
109 Jan.

19%
43
41
125

HigKetU

Lutcest.

Pac. of -Mo.— 1st, ext., 4s, 1938 100 b. 101 la
98% Jan.
2d mort., 7s, 1891
10214b. 10114 Jan.
116 b. 115% Jan.
& Ohio—ISew, 68. 1927..
64=8
65%
General mort., 4s, 1938
57i4Jan.

Mutual Uu. Tel.— S.

i,

iiaitge since

Jan.2l<Jau.31\

Mobile

lOOiaJan.
1221a Jan.
102 la Jan.
1051a Jan.
03'?b Jan.

banue since jan.
Closing.

EUlLBOAD AND MiSCBL. BONDS.

Jan.

103% Jau. 108

Jan.
75 Jan.
&
II8I2 Jan.
761a Jan.
&
100 Jan.
b 36 Jan.
& M.—
&
101 Jan.
92 Jan.
&
lOSiaJan.
Kuoxv. 4i O.— l8t,6s,gola,192a IO8I2 110
IO8I2 Jan.
Bliz. Lex. & BigSau.-68, 1902. 102 b. 10312b 103
Jan.
Erie— Ist, consol. gold, 78, 1920 139 a. 139 b. 13718 Jan.
Long Dock, 78, 1893
10834b. IO9I2
1081a Jan.

Consol. 6s, 1935
N.Y.L.E.ikW.— 2d con. 6s, 1969 10114"
Ft. W. ite Denv.
1st, Os, 1921 104^8
Gal H.&SauAut.-\V.Dlv.l8t,5s 93%
Gulf C0I.& Sau. Fe— lot, 78,1909 II712
7oi2b.
Gold, 6s, 1923
Han. A St. Jos.— CouB. 6s, 1911. 119i£b.
lainois Central— 4s
952 101 b.
Int. <Si Gt. K o.— Ist, 6b, gold, 1919 110

41

II

Eighett.

73 la Jan.
108 Jan
100 Jan.

As»3

180
24

IQJfl

I

n. f. srocic

since Jan. 1.

Loicett.

103 >4b, 103%b

93
dlc.&E. 111.— 1st, 8. f., 68, 1907 118 b.
120 b.
C0U80I. Us, 1934
9812
General consol. 1 8t, 5s, 1937.
Ist, g,ds,1937 OS^sb
Chle. Gas. L. &
126i2b,
Chic, Mil. & St. P.—Cou. 78, 1905
Ist, SoiithwestDiv.—63, 1909. 114 b.
Ist, So. Mln. Uiv.— 68, 1910 .. 114i2b.
Ist.Ch.&Pac.W.Div.- 5s,1921 106%b.
Chic. & Mo. Klv. Uiv.- 58, 1926 102 0.
Wis. <k Minn. Div.— 5s, 1921 .. 103
103 %b,
Terminal 5b, 1914

60
«

i'

I

12iis
122
12412b, 124

93%b

42

StL-Alt.&T.H.

I

General morl.,

Denver Division, 4s, 1922
Kebraaka Extension 4a, 1927.

Kor. Pao.rigbta

Ricli.&All.tr.r.

RioGr. West..
do
pref.

'

0714 Jan.
102% Jan.

b.

230
23

179
24

!

60

12 • Jan.
71 Jan.
107 Jan.

99%

OOU

N.Y.N.H.&H. *248

& Sara.

do.
pref. 110
7
lpiiloInd.&W'n* 7
do
pref.
60
16H 18 Sliver Bul.Ctfs:* 07>a
Soutli
Carolina
OUioSonthem.l
Minn. &
6
12%l Pitte. Ft.W.&C *15452 154's Tol. & O. CentI 40
do
1208i
do.
praf. * 69
MK.&T.nghts
Bpeclal.l
H'l do.
Utica&Bl.Eiv. 130
iPltt8.AW.tP.re'
29
Morgan's Ii.&T
39'8
Va.
Midland...
Morris&Essex 150 151
37
Pitts. & V/.pref Sr

27"4 Hex. Central
Mllw. &Nortli.l
B

Bange

Jan.2i Jan.31

&W

N.Y. Lack.

I

Bid.

Renns.

141s N.Y.&Nor.pf.i** 23

liis

Mary'd. Coal
Mem.&Cli'Bt'n

prices op actitb bonus at
doling.

BIU.BOAD

I

13

Ask.

Bid.
I

N.Y.& Harlem 251

5
15
04

pref.

i

I7I3'.

pref.

do.

1

Bunds — LAi'KST

do.

5

U

Indicates actual sales.)

II

Man. Beach
Mar.H.& Out'n

17
26

pref.

do.

Cl.it ritts.OTi..

3

(*

Ask.

I

n

.

9^.
27^

I'

eontinned.
Bid.

25
10
5

98

Ill.C.leasedl's.

Iowa Cent

i.rcf.l

Bhrl.C.R.dsNo.

Cedar

\Kak.

[Vol.

and "a" prioe athedi aU other

Income.
prloas

Co.— Ist,
5s.

1937

g., 5s,

1937.

9814
661a

98^8

65

auJ tk« range are from aotual salea.

9678 Jan.
6014 Jan.

116i4Jan.
Jan.
Jan.
II318 Jan.
116 Jaa.
II614 Jan.
87 Jan.
88I2 Jan.
103% Jau.
8618 Jan.
84% Jan.
53 Jan.
105 Jan.
95 Jan.
33 Jan.
I0212 Jan.
1051a Jan.
99 Jan.
69 Jan.
112

Ill

Fbbbuabt

1,

MO

THE CHRONICLE.

]

169

BONDS-STOCK EKCIUNCJE QUOTATIONS ON FRIDAY OP THE LESS ACTIVE RAILROAD BONDS
SECUEiriEa

Bid.

Rid

8ECUEITIE8.

Ask.

A8>,

8ECCK1TIE8.

Bid. [Ask.

Northern Paclfl'"— (ConllnuodlWl
Cosurd'Ale- fl^lst.Os. gold.1916
1937
88
02
Cceurd'AlfMi, .K;n.lst,g.,0.*.1938
1938
02
Cent.Waahliigmnl8t,g.,C9.I9.3i'
90
g., 58.. 1937
Norfolk A West.- General, 08.1931
Alabama Central— Ist Os... 1918
118
New
River,
lat,
Os
1932
1897
Erie— Ist, extended, 7»
Imp. A Ext., Oh
1934
1919 117 117%
2d, extended, 58
Cons, mort., <?old, 5»
ISJ**!
109
Ad,iu»tment
1924
85 N 89
M.,78
19:16
1923
3d, extended, 4149
Boech Cr<-ek— 1st, (?olrt, 48
Equipment, 5s
1908
101
1920 115
4th. extended. 5s
Boat. H. Tun. & W.— Deb. 58.1913 100
ClInohVal.D.-lat.equlp. 58.1957
U3
1928 102
5th. extended, 4s
Brooklyn Elov.-lst, g., 6e. .1924 112
Ogd. A IJike (;ii.— Ist con. 08. .1920
1915 86
1020
Ist. cons., fd. coup., 78
2d. 3-58
OhIolnd.AWoat.-lst prcf.58.1038
1908 105
Eeorg., Ist lien, 68
Union El., lat, guar., 6s.... 1937 1071s 10818
1938
Reortian. ric..2d, 58
1910 139
B. N. Y. A E.— Ist, 7«
Brunswick ,feWost.— lRt,g.,4».1938
Ohio A Miss.— Cone., 8.F., 78. .1898
98
N. Y. L. E. A W.—Col. tr.,68.1922
Buff. Koch. A Pitta.— Gen., 5s.l937
1911
88
consol.
7s
2d
1921
115
871a
1969
08
Funded
coup.,
58
&Pltta.—
Ist,
Eoch.
Springfield Dlv.— Iat78.... .1905
118
Income. Os
1977
Con90lldafdlst,6s.l922 114
do
1932
General 5s
"oi'hi
Buff. A S. W.— Mortg. 6s.... 1908
Burl Ced. Rap. & No.— 1st, 58.1906 9714 98
107
1936
Ohio River RR.-l8t, 58
Jefferson— l3t. g». g. 5s
1909
Ctonsol. & collat. trust, 59... 1934 * 90
1937
mort.,
gold,
5s
General
gxi..l927
*lloia
Eureka
Springs
E'y—
l8t,68.g.l933
Minn. & 8t. L.— Ist, 78,
1921
Ohio 80.— Ge;:. m.. g., 49
93
Evan. A T. II.— 1st, cons., 68.1921 116
Iowa C. & West.— Ist, 7s. 1909 • 90
114
58.1927
California—
let,
Oregon
A
6s.l920
Mt.
Vernon—
1923
Ist 68
Ced. Rap. I. F. & N., Ist,
111
Pennsylvania RR.—
Evans. A Indian.- Ist, eons. .1926
1921
Ist, 5s
103ij Flint A P. Marq.— Mort., 68. .1920 121
122
Pitts.C. A 8t.L.— Ist, cp.. 78. 1900
<3entral Ohio Eeor.— Ist, 4i2S.1930 101
105
let, 7«...1912
Pitts. Ft. W. A
Istcon. gold, 5s
1939
Cent.EB. & Bank.— Col.g.,.58. 19.37 100 lOHs
1912
2d,7e
100
Fla. Ccn. A Pen.— l8t g. 5s.. ..1918
SaT.& West.— Ist con. g.,.'>8,. 1929 971s
1912
3d, 78
Gal. Bar. A San Ant.— Ist, 6e.l910 '103
Cent of N. J.—Conv. deb., 68.1908 120
CoDB.,
8.
td.,
78.1900
IUI2
111%
CleT.
A
P.—
1905 06>s
2d mort., 7s
189
^General mort, 59
4th, sink, f und, Os
1 892
1931
West. Div.. 2d'8a
Central Piicitlc— Gold bd8.,6s.l895
St.L. V. AT. H.-l8t, gu.,78.1897
95 100
Ga. 80. A Fla.-lat, g. 68
1927
Gold bonds. 68
1390 iiili
95
1808
ad, 78
Grand Rap. A Ind.— Gen. SS..1924
1897 112»a
Gold bonds, 68
1898
2d, guar., 78
Green B. W. A St. P.— Ist 68. .1911 82
8an Joaqiiiu Br., Os
1900
Peoria cSt Pek. Ulon— 1st, Oa .1921
20
2d income, 1st subs, paid
Cal. & Orceon—8er. B. 68. .1892
4ia9
106
1921
2d mortg.,
Housatonic— Cons, gold Ss.. .1937 105
West. Pacilc—Bonds. 6s.... 1890 llOH;
Phila. A Read.- 3d pref. convert
No. Railway (Cal.)— Ist. 68.1907
N. Haven A Derby, Cons. 5s..l918 105
'113
115
69
1932
Pine Creek Railway—
Ches. & O.— Pur. M. fund, 63.1898 1121a
Hous.A Tox.C— l8t, m. 1. 78.Tr.reo.
Pitts. Cleve. A Tol.— Ist, 6s... 1022
1908 1171s
West Dlv. 73,Tru8t rocelpts,1891 '1121a 115
68. gold, scries A
1922
Pitts. Junction— 1st 69
79
Ches. O. & So. West- 2d. 6s. .1911
IstWaeoA Nor.— 78
1901 1051a
1932
Pitts. Mc. K. A Y.— I8t6s
Chicago & Alton— Ist, 7s
1893 108% lllifi
2dm.8a.M.l. Trust receipts. 1913 '119
Pitts. Palnsv. A F.— let, 5e...l91«
75
Sinking fund. 08
1903 121 '8
Gen. mort.Os.Truat receipts 1925
107
1917
Y.
A
A-sh.let,
4e
Pltto.
Louis. & Mo. Elver— 1st, 73.1900 121%
Illinois Central— 1st, g., 48 ...1951
911a 93i« Prese't A Ariz. Cent. Ist, 6s,g.l916
2d, 78
1900 117
Ist. gold, 31SS
1951
1916
2d Income, 68
Bt li. Jacks. & Chlo.— lst,78.1894 II214 1121* Springf. Div.—Coup., 63.... 1898 iim
Rich. A Dauv.— Debenture 69. 1927
Ist. guar. (564). 78
1894 111
Middle Dlv.— Reg., 58
1921 113
1909
Equip. M.S. f..g.. 68
2d mort. (360), 78
1898 114
C. St. L. AN. O.-Ten. 1., 78.1897 117
897
Art. A Char.— Ist, pref., 7a.
2d, guar. (188), 7s
1898 114
Ist, consol., 78
1897 117 120
1900
117
Income.
68
106
do.
Mlas.R. Bridsro— 1st. s. f., 6s.l912
14 1071a
1907
2d, 6»
Rome Wat. A Og.— l8t M.. 7s. 1891
Ohlc. Burl. & Nor.— Dob. 6s... 1896
Gold, 5s. coupon
1951 114
97 14 97% St. Joe. A Gr. Is.— 2d Inc
1925
108
Chlo. Burling. & Q.— 5s, s. f..l901 107
Merap Dlv.,l8tg. 4s
1951
Kan. C. A Omaha— lat, 58.. 1927
Iowa Div.—Sink, fund, 5s.. 1919
Dub. A S.
2d DlT.. 78 ...1894 108 108»s
HauteA
Terre
Louis
Alton
St.
Sinking fund, 48
1919 106%
Ced. Falls A Minn.- 1 at, 78. 1907
1894
123
2d mort.. Income, 78
Plain, 43
1921
Ind.BIoora.AW.— l8t, pref.78.1900
911a
1894
Dividend bonds
Chic. & Indiana Coal— Ist 58.1936
100
Ind. D. A Spr.- lat 78, ex. cp.l906 100
Bellov. A So. III.— Ist, 88... 1806
Chicago Milwaukee & St. Paul—
Ind. Dec. A West.— M. Ss
1947
1923
Car.—
1st,
Os
Belle V. A
35
l8t,8s, P. D
1898 128
2dM., inc. 5s
1948
Chi.8t.L. APad.— l3t.gd.g.5s 1917
2d, 7 3-108, P. D
1898 117
Iowa Central— 1st gold, 5s
1938 87% 87I3
Ist,
43.1931
gd. g
8t. Louis So.—
Ist, 78. $ g., E. D
1902 123 125
Kan. C.Wyan.AN.W.— 1st, 58.1938
2d income, 5s. 1931
Ist, La Crosse Division, 78.1893 11218 113
110
do
L. 8h. AM. 80.— C. P. AA.— 78.1892 109
I8t,l. & M.,7s
Car. A Shawt.— let g. 4s. .1932
1897 116
Buff. A Er.—New bonds, 78.1898 121
l8t.
St. LouisAChlc— 1st, con. 68.1927
D., 78
1899 118 120
Det. M. AT.— Ist, 7s
1906 1331a
St, L. A I. M.— Ark. Br., 1st, 78. 1895
lgt,C. &M.,78
1903 121 1251a
Lake Shore— Div. bonds, 79. 1899 122 125
Ist, L AD. Extension, 7s... 1908 1251s
St. Louis A San Francisco—
Mahon'g Coal BR.- Ist. 5s. 1934
1919
l8t, LaC. & Day., 5s
1st, Os, P. C.
1919 103
Lltchf. Car. A West.- 1st 08. g.l9ie
98
1895
lst,H. & D., 7s
Equipment, 7s
1910 123 124
Long Island- 1st. 78
1898
1987
Ist, H. & D., 5s
1910 101
1st, trust, gold, 5s
N. Y. A R'way B.— Ist, g. 5s. 1927 100
g...l916
Chloago & Paoiflo Dlv., 68.. 1910 116 119
Kan.
City
1st.
6s.
AS.—
2d mortg., Inc
31
1927
Mineral Point Div. 58
Ft. S. A V. B.Bg.—1st, 68...1910
1910 102 Is 104
N. Y. A M. Beach— 1st, 79.. 1897
O. &L. Sup. Div., 5s
1921 102
N. Y. B. A M. B.— Ist, g., 58.1935
8t, L. K. A80. Wn.— Ist, 63.. .1916
Fargo & South., 6.s. Assu...l924
Kansas Mid'd.— Ist. g. 49.. .1937
Broold,yn A Mont.— Ist. 63.. 191]
1931
Ino. conv. sink, fund, .59
Paul A Duluth— 1st, 53
1916 95
l8t.53
St.
1911
1917
Dakota &Gt. South.. 5s.... 1916 «9is iOl
Smitbtown APt. Jeff.— lst,78 1901 110
2d mortgage 5s
1909
M.—
Ist,
7s..
Gen. mort. e. 49. son. A
Paul
Minn
A
Louisville
St,
1989 951a 96
A Naahviile—
Chicago & Nortbwestorn1009
Cecil.Branch, 7s
2d mort., 6s
1907 109 110
1922
Esc. &L. 8.— Ist. Os
1st,
6s
Union—
1901 112
Mlnneap.
Pensaeola Division, 68
1920 IIOI4
DcsM. & Minn.— Ist. 7s
Mont, Cen.— l3t, guar., 69.. 1937
1907
St. Louis Division, let, 6s... 1921 115
5s.
1908
Iowa Midland— Ist, 88
div.
lat
East. Minn., 1st
1900
2d, 39
1980 65
Peninsula— Ist, conv., 73 ...1898 125
3an Fran. A N. P.— let, g., .5s.l919
Nashv. A Decatuiv-l8t,78..190O 118'8 121
Ohlc. & Milnaukee— l8t.7s.l898 'II8I2
Shenandoah Valley— Inc., 63.1923
8. A N. Ala.— S. f., 68
1910
Win. & St. P.— 2d, 78
1907 J 29
10-40, gold, 63
Sodus Bay A So.— lat, 53, g. ..1924
1924 1061a
Mil. & Mad.— Ist, Os
1 931
1905 •116
South Carolina 2d, 08
Pen.s. A At.— 1st, 63, gold. .1921 110
Ott. C. P. & St. P.— Ist. 53. .1909 * 108^8
Nash. Flor. A 8 Ist gu. 5s., 1937 IO314 104
So. Pae. Coast— Ist, guar., 43. 1937
Northern III.— 1st, 5s
1910 lOS'o
Lou. N. O. A Tex.— 1st, Is.. ..1934
Texas Central— 1st, s. f., 78... 1909
90
Chicago Kock Island & Pacillo—
1911
lat mortgage, 78
2d mort., 58
1934 40
Des Moines & Ft. D.— 1st, 4S.1905 82
Texas A Ne w Oriean*— 1 3t,78. 1905
Mexican National— Ist, g., 63.1927 97
99
1st. 2129
1912
Babino Dl\'l3lon, Ist. Os
..1905
53
60
2d, income, Os, "A"
58
1917 57
Extension, 4s
1905 62
Tex. A Pae. E. Dlv.— Ist, 68.1905
2d. income, Os. "B"
1917
15
17
Keokuk & Des M.— Ist, 53.. 1923 1021a
1917
ToL A. A. A Cad.— Os
Michigan Central— 68
1909
Ohio. A St. Louis— 1st. 6s
1919
1915
Tol. A. A. A Mt. PI.—63
Coupon. 5a
193
Ohio. St. P. A Kan. City—59.. 1936
1896
Union Paoiflc— lat, 63
Jack. Lan. A Sag.— Os
95
1891 •1021a
Minn. AN. W.— Ist, g., 58.. 1934
1807
1st, 6s
Mil.L.8.AW.-.Mich.Div.lst,08.1924 118
121
Ohlo.St. P. A Minn.— 1st, Os... 1918 125
1898
Ist, 68
Ashland Division- let. 6a ..1925 119 121
126
No. WLsconsin— Ist, Os
Collateral Trust, 6»
1930
190S
Incomes
104 107
St. PaiU AS.
Collateral Trust, Ss
1907
l.st, 68
1919 »125
Minn.AStL.- I'aEx., 1st, 78.1909 85
921a
Ohio. A W. Ind.— 1st, s. f., Os.1919 II3I3
Collateral Trust, 4149
1918
2d mortg., 78
65
1891
General mortgage, 6s
1895
1932 1181a
C. Br. U. P.— F. o.,7s
Southwest Ext.— Ist, 7s
1910 70
78
Cin Hani. A D.— C!on. s. f., 78.1905 125
Ateh. Col. A Pae— lat, 63.. .1905
Pacific Ext.— l3t. 6s
1921
2d, gold, 4123
Atch. J. Co. A W.— l3t, 68... 1905
1937
Impr. A equipment. Os
1 922
80
Cln. t. St. L.A Chic— l8t,g.,4s.l936 100
U. P.LIn. A Col.— 1st, g.. 53.1918
100 14 Minn. A Pae.— lat inortg., 53.1930
Oonsol., Os
1920
Utah Southern— Gen.. 7a ..1909
Mlnn.8. 8tc. M. A Atl.— Ist. 53.1926
Cln. Jack. A Mac— Ist, g., 53.1936
1909
Exten.. 1st, 79
65
Missouri Pacific -Trust 5s... 1917
99 -s
a.Col. Cin. A Ind.— 1st, 7s,s.f.l899 120 123
Or.St.L AUt'hNo.— Con.58.1919
Mobile A Ohio- Ist ext., 68.. .1927
117
Oonsol. sink. fund. 79
lOiij.
1914
Utah A North.— Ist, 73
1st pref. debentures
74
Cleve. A Mah. V.— GoliI, 53. ..1938 107
1926
2d pref. debentures
44
Gold. .58
Colorado Midland— Ist, g., 63.1936
Bt. L. A Cairo—48, guar
Valley E'y Co. of O.— Con. 6s. 1921
1931
77
OolnmblaA Green.- lst,63...1916 100
"
M.
series
A"
1939
Morgan's La. A T.— Ist, 68.... 1920 115
Wabash— Deb.
2d, 6s
loae 79
Ist. 78
St.L,K.C.AN.— R.E.ARR.73.1895
1918 132 14 133
Col. A Cin. Midland— 1st, 6s. 1914
lat,6!i...l90«
Naah. Chat. A St. L.— 2d, 68.. 1901 110
at.CharleaBr'ge—
911s
115
Del. Lack. A W.— Convert. 7»,1892 106
189.1
New Orleans A Gulf— Ist, 6s .1920
No. Miasouri- 1st. 78
Mortgage 7s
1907 1301a
N. O. A. No. E.— Pr. 1., g., 6s.. 1915
West. Va, C. A Pitts.— Ist, «s.l911
Syra. King. & N. Y.— 1st. 7s.l900 Vii
135
N. J. Jimetion— Guar. Ist, 43 1986
105
Morris A Essex— 1st, 78.. ..1914 140
ntHeellitneonii Bonds.
1461a N. Y. N. H. A H.- l9t, reg. 4s. 1903
2d. 7s
1891 107 la 108
N. Y. A Northern- Ist, g. 5a. 1927 111
Am. Water W. Co.— 1st 6s. ... 1907
Bonds. 78.
1900 120
2d, 4s
1907
19-7 52
Istcon.. gold. 5s
57
78of 1871
1901
N.Y.Ont.AW.— Con. Ist. g. 58.19:19
Boston Un. Gas— Tr. cer. 58.. 193;)
98
1st, con., guar., 78
1915 iiois
N. Y. Susq. A West.—Deb. 6s 1897
Cahaba Coal Min.— l3t g. 79. .1907
Del. A Hud. Canal— 1st, 78... 1891 103»4
2d. 4153
1937 75
Col. A Hock. Coal AL— a8,g..l91
80
Ist, extension, 78
1891 '100%
N. Y.Tex. AMcx.-lat, 4.-J....1912
Consol'n Coal—Convert, 6-%.. 1897
Coiipou, 78
1894 114%
NortU'n Pacific— Divld'dsorip ext. 103'
Equitable G. « F.— l9t 69.. ...1903
Pa. Dlv., ooup., 7s
1917 144
James River Val.— 1st, 68... 1936
Hackenaaok Water— lat. 53..192H
110
Albany A Susq.- Ist, gu.,78.1906 131 133
Spokane A Pal.— 1st, Os
Henderson Bridge- 1st g. 6s.l931
1936
110
l8t, cons., ginir., 6a
190]
1906 12314 125
St. Paul A N. P.— Gen., 6s. .1923 121
Iron Steamboat Ca.— 83
Rons. A Sar.— Ist, coup., 7s.l92] 147% 149
HelonaARcdM'n—l3t,e., 63. 1 937 100
People's Gas A Coke ( lstg.6s,1904
Denv. AR. G.— Imp.. g.. 5s.. .1928
?2dg.63,1904
DuluthAManltoba— lst.i;.0sl9:)0
821a 82%
Co., Chicago
103
E. Tenn. Va. A Ga.— Ist, 78.. .1900 119
120
Dnl.AMan.Dak.Dlv.— I3t(i,s.l937
lOOVji Philadelphia Co.— lat s. f. 03.1898
J>lYlsi onal 58
1930 108
North. Pae. A Mon.— lat. 03.1938 107 1071a West. Tel.. Union—Coup. 7s..l9jQ

Railroad Bonds.

E. Tenn. Va.

fSiOfk Exrh'itJnr I'rim.)

101

AHantio & Danv— lat »?., B8..19I7
Atl. & Pac.-2d W. I)., KU. Of., 1907
Bait. & Ohio— Ist, Os, Park B.lOlO
1925
6s, gold

A Ga.— (Continued)—

jlst ext.gold, 58
Kq. A Imp., g.. 5s
Mobile A itlrni.— 1st,

109
lii'ii

116% IIS
111>1

112
09 "s ido"
103 >a
82% 84

.

'

r.r.

,115
116
121
11214

.

100
90

65

. . .

.

IIA
143
142
136
1S6
1U3

C—

.1081*

112

.

.

C—

.

. .

L&

70
•••So*

110
115

08

.

•

116

03
41

.

.

^

117

.

80'« |»t

|9«

40
101

90
110
105

108

104%

..->•*

32
1061a
-.-•••

55
117
105
101
83

57

m.

40
82

84

106''8 •••

—

AO

-

.

C—

.

'

No price Friday;

these are the latest q,aotatlon3

made

this

week.

101>8

......

98

110
1031a

113

114%

114
101

10

<2S

105
15

47
47

SO
55

105
106
105 14 106
100

iim

112%
II414
,
l06Se .,->••

04

•

90

96% 97%
96
10:

>a

114
113

......

116>4

116
115

104% 105

.

112

110

114% 11S>4
i

"OJij

93'*

109

—

WO

....'J.

104

00
106%

104
111

••-"
i

9914

THE CHRONICLR

.70

qnotatlong in Boston, Philadelphia and Baltimore.
Following are quotations of active stocks and bonds. A full
the CHBONicue the third Saturday of each month
list is given

[Vol. L.

Iwujesttttjewt
AKD

m

BECnRITIEB.

Bid.
A>k.
BBCURlTIEa
BOSTON.
BAILKOAD STOCKS.!, „.
*32S
Atchison A Topcka
Boeton * Albany
"^W*
*16S
Boston A lAiweir.
*307't
Boston A Maine
261
Boston & PruTldenoe

Preferred

Central of Maasaobuaetts
Preferred
Ohio. Burl. & North'n....
Chic. * West. Mleh

Cleveland

•80
*38

•

88

PrefcrreiL

Snnbury

,*,?S^
}B0

Concord

*1*0
.* §9

loulsvlllo Evans.

&

CatawlRsa— M.

»*
"*

Clearfield

St. L.

Value Central

VanchfBter A l.awTence.
Mexican Central
Y.

Northern

2d, 7», reg.,

Cons. 69, C.

8

Sa
68

BONDS.

A Topeka— Oen., 4s
Income, 58
Bnrl. A Mo. R. In Neu.—

67

ClUcA West Mich, gen.esr

92'!i

Consol.or Ver^ion^-^B..L,87

Current niv._l8t,58,1927'l!*5

A No.-M. 78.i"}}>5
124*4

lJin.s.

Eastern. MaaH.—68,new..

I

i

K. Y. A N. Eng.-l8t, 7».'
Istmort., 6s
HJ
|*>07
2dmort., 68
2dmort., scaled, 38 .... 103
.-is,

"

65

67

PHILADELPHIA.
RAILROAD STOCKS

Camden A

t

Per Bhare.

A
RAILROAD BONDS
Atlanta A Char.— 1st, 78.
Income, 68
Bait. A Ohio- 4s. 1935...
Cape Fear A Y ao.- -Ist, 68
Cent. Ohio— 6s, 1890
,Char. Col. A Aug.— 1st, 78
Cin. Wash. A Bait— Ists
2d, 58
3d, X't
Ist Inc., 58,

37
69 "a

69
65

"Kast PenuHvlvania
Blmira A Williamsport...
Preferred

' fl9

125
112
48

I

2d pref
Central Ohio

t

Atlantic, pref.

Catawi«.'*;i Ist pref...

110

BALTIMORE.

Ist pref

•

120
50

1931

12

'1013.

IO4I4 .._ ,
lU2ia 103
1091s
•

99V
14

110

Col.AAug.,68,1910.

N. Y. and Brooklyn Gas Secnrities— Brokers' Quotations.

GAS COMPANIES.

1

Brooklyn Oas-Llght
Citizens' Gas. Light
Bonds, 5s

.._

Consolidated Gas
Jersey City A Hoboken.
Uetropoli tan— Bonds

JIntuaKN.

y.)

,.

Bonds, 69
l^assau (Brooklyn)
scrtp....

Bid.

111
70
103
98
120
108 Hi
102

115

100

:..:

New York
SBCUBITIES.

Bid. Ask.

44
19
14
91

Char. AIT Line
1st, 7s, 1007

89
117
Brooklyn BleVd— Btook.. 87

Brunswick Co

L20

331a

California Paciflo
let mort., 4I58

Springf

Comstock Tunnel
Ist income 4b
Continental Con. A Imp..
do. Trusteed *itock
-Dli tillers' A Catlle F. Tr.
J>al. s. shore A At
Stk.
- Prof
Oeorgia Pao.— Stock
lBt6>
Consol. 68
,«.

Income 58
rihem

Gt. N<

lU. Coal

A

(25 p. c. pd)

Coke.—,,

Kanawha A Ohio
let pref
let 68

„

Keely Motor
LehiKh A Wilkes. Coal..
Uttle R.

A Mem.

Bonds, 6s
Metropolitan (Brooklyn).
Mnnicipal— Bonds, 78
Fulton Municipal
Bonds, 6s
Equitable
Bonds, 6s

Ask
123
112
95

V20
100
120
108

122
103
121
110

'^8

Ist 5s..

Loaisv. St. Louis A Tex.. 31^ 321a
BCeriphlsA Clxa'st. consols 114
120
Mex. Nat.Con8truct'nCo. 21
23

Michlgin

A.

Ohio

Mt. Des.ft East Sh. Ld.Co. •75

343<

Newb. Duteh.AConn

8

N.

1

N. O. Pac. Laud Grant...
Newp. N. A Miss. Val
N.Y. V.".S.A Buff

17c.

19c.

80

S3
50

47

39 S "40 V
6
17

7

J.

Southern

1-25

......

N. Y. A Qreen'd Lake, let
2d mort
1
N.Y. Loan A Imnr
N. Pac. P. d'Oreillo Dlv..
Missouri uivlsiou
North RiT.Cona. Co.scrip.

28
20
31
61a

60

34
8
54

20
O.I.AW.— Ist accintcert 60"^ 65
14
2d ace. Int. cert
26
30
II2I4 Ocean SS. Co.- Ist; guar. 101
103
8I34 8214 Pensaooia
Atlantic
4>,
28-4 30
Postal Telegraph— Cahle. 32
341a
St. Louis
Chicago
28t«
28
Pref
2
St. Paul E.A Gr.Tr.,lst6s 106
5
Scioto Val. 1st, 78,Tr. rec.
75
BO
2d, 78, Trust receipts...
2'4
Toledo Peoria
5
Weal... "18"
16ta
24
26
Utah Central.— Ist 68
Car.— Con.6e
721a 771a West.
Ills

112

A
A

I

A

N

.

1888-9.

I

Jan. 1

to

1889-90.

Latest Date.

1888-9.

197,,268 2,169,489 1,915,420
~~
9:,257
9,929
93,871
98,4479
7,,933
121.1,856
14,088
,225i
121,'10,554
114.139
8,,790
93.5,]160
786,522
Atoh.T.&8. Fe.. 2dwkJan. 492,044 381 ,906
19,087
33 ,112
40,1
,614
65,025
2d wk Jan.
Half owned
975,',775
851,547
Total system 2d wk Jan. 511,132 415:,018
119
140.839
,322
1,366,'
418
1,196,019
Atlanta & C'liav. November.
43 ,069
48,697
462,'i
,484
416,533
Atlanta & W.Pt. Decemb'r
21 281
39,200
Atl. & Danville. Decemb'r.
44,708
61 ,113
117, ,788
183,551
Atlantic
Pac. 3d wk Jan.
B.&O.EastLinea Decemb'r 1,620,754 1,314 ,00l|l7,311 976 15,437,366
Western Lines Dcci mb'r. 495,529 451 ,325 5,1€0 509 4,718,908
Decemb'r 2,116,283 1,765 ,326 22,412 ,485 20,156.274
Total
41.329
39,,648
131, 225
118.944
Bal.&O.Southw. 3d wk Jan.
133,480 113,,224 1,633. 733 1,539.124
Bait. & Potom.i.e Decemb'r.
78.307
85,,115
800, 141
913.334
Decemb'r.
Beech Creek
3,186
2,,903
25,,076
22,358
Bir.8elma&N.O. Decemb'r
24.'214
41,,410
124,230
71,,533
Butt. Koch. A Fill .3d wk Jan.
4,,717
4,538
64,,057
55,868
Burl. & Northw. Decemb'r
5,825
5;,970
54,312
58, 958
Burl. & Western Deeeinb'r
37,788
35,,399
737,,144
696,128
Camden & Atl. Decemb'r.
645,,000
597.000
Canadian Pacifle 3d wk Jan. 218,000 189,000
35.935
28:,910
398,,410
328.199
Cp.F'r&Yad.Val Decemb'r.
90.752
82,,258
753,.197
830,352
Cent. Br. U. P.. November.
Cen.KK.&Bg.Co November. 828,974 797 ,399 7,180,,250 6,642.540
(3entralof N. J.. November. 1,172,311 1,174 ,587 12,385 ,787 12,200.261
Central Pacific.. November. 1,278,395 1,381 ,562 14,486 ,944 14,56.'i,915
10,598
8,,915
94,338
94,,754
Central of B.C.. November.
72,754
225..717
199,643
68 ,093
Ceutr'l Vermont WkJan.18
56 ,994
606..911
560,133
57,828
Cbarlest'n & Sav Decemb'r
81,766
89 ,774
913,757
888,,825
Char.Col. &Aug. Decemb'r
32,000
15 ,632
284,.182
Cliat.K'me&Col. Decemb'r
8,,064
7,770
74,474
(ilieraw. & Darl November.
78,,190
290,847
3d wk Jan. 122,339 101 ,842
386,,914
dCbes. & Ohio
187,779 183 .117 2,125,,777 2,000,616
Clies. O. & 8. W. Decemb'r
58,,074
438.470
56,400
Septemb'r.
475,,547
Cheshire
6,965
71,915
67,,238
Cues. & Lenoir November.
7, 046
54.837
,349
115,047
38,
145,
,806
Chic. & Atlantic. 3d wk Jan.
193,732 238 ,367 1,821,,812 1,842,920
Chic. Burl. & No November.
Chic. Burl. & Q. Decemb'r 2,482,092 2,167 ,673 26,778,,312 23,789.167
717,684 606;i,373 7,'289..304 5,953,596
IJnes contr'l'd Decemb'r
155,313
60,647
Chic.& East. 111. 3d wk Jan.
50,,282
153,,517
397,000 347,,872 1.234,,000 1,111,104
Chic. MU. &St.P. 3d wk Jan.
Chic. AN'thw'n. Decemb'r. 2,182,964 1,940,,627 26,185,,280 25,832,974
63.469
6,958
.703
Chic. & Oh. Riv. Decemb'r
73,,752
41,543
291,091
258,779
Chic.Peo.&St.L. October. ..
311,,329
650,230 591 ,968 4,815,,196 4,470,826
CUic.St.L.&Pitt. October. ..
116.745
75,177
226,,923
Chlc.St.P.&K.C. 3d wk Jan.
37,,769
668,937 615,,79c 5,839,,105 5,958.744
Chic.St.P.M.&O. November.
60.123
21.439
20,,894
60..835
Chic. & W. Mich. 3d wk Jan.
65,191
4,867
Clii. Ga. <fe Ports. Decemb'r
5,,283
64,,232
29,330
8,945
28,,938
Cin. Jack. & Mac 3d wk Jan
8,,740
201,159
75,019
225,,131
Cin. N. O. & T. P. 3d wk Jan.
67,,327
102.240
Ala. Gt. South. 3dwk Jan.
36,993
36,1,324
110,,285
2; ,627
63.222
N. Orl. & N. E. 3d wk Jan.
20,876
64,,542
36,222
ila. & Vicksb 3d wk Jan.
13,292
11,,881
42,,020
12,812
31.004
Vlcka. Sh. & P. 3d wk Jan.
10,,973
39,,093
433,847
Erlanger Syst. 3d wk Jan. 158,992 149,,132
481,,071
Cin. Sel. & Mob. Decemb'r.
11,063
123,489
17,,321
101,,697
Cin.Wab.&Mich. Decemb'r
44.175
487,411
40,,009
528,,849
Clev.Akron&Col 3d wk Jan.
13,209
12,,105
35,451
41,,047
Clev. & Canton.. Decemb'r.
41,933
32 ,201
379.184
448,,612
572.418
CI.(an.Ch.<Si,8.L. 3dwk Jan.
208,189 191 ,307
621,,745
286,445
Clev. & Marietta Decemb'r
20,965
22,,485
256,,57a
76,159
Color. Midland. 3d wk Jan.
30,158
23,,404
88,,654
645,625
Col. & Greeny .. 'Decemb'r
79,300
7e9,,681
71,,939
18,501
Mld..l3d
Col. & Cin.
wk Jan.
5,741
6,,167
20,,771
Col. Hock.V.& r.lDecemb'r
184,996 2201,503 2,509 ^'ilS 2,893,970
.810
21,783
Colusa & Lake. JDeeeiiib'r
1,932
1 ,529
26,
116 ,527
52,687
Coving.cfcMac'n. iDecemb'r
16,186
7 ,853
434,
W)3
494 ,754
Day.Ft.W.&Ch.. Decemb'r
40,746
40;,770
402 ,500
398,0«0
Deny. & Rio Gr. 3d wk Jan
137,500 127,,000
994.660
Den. Leadv.&G. November.
75,,74u
911, ,244
95,312
184 ,426
140,092
Den.Tex.A F.W.'3d wk Jan.
68,182
50,,714
14,780
7.,690
14: 668
Det.Bay C.& Alp 2d wk Jan.
7,763
44,843
15,,603
47, ,876
Det.Lans'g&No'Sd wk Jan.
16.045
21 ,338
59,691
DiiUith 8.S.&AtI[3d wk Jan.
24.881
75 ,399
335,099
E.Tenn. Va.&Ga.'3d wk Jan.
127,380 117,,631
390, ,824
919,158
87,',232
752 .897
Eliz.Lex.&B.8...|Novcmber,
69,389
14,405
4,,71"
10 ,864
Evans.&£nd'pli6 3d wk Jan.
5,139
15 ,151
43 ,710
43,756
EvansT. & T. H. 3d wk Jan
18,565
Fitchburg
November. 551,799 497,,039 5,438, ,827 5,101,285
44:,,068'
145 ,039
129,116
Flint. & P. Marq. 3d wk Jan.
49,498
25,,958i
78,258
86 ,057
Flor. Cent.&P. 3d wk Jan.
28,807
2:,8311
27,978
2,350
25 ,959
Ft.Mad.&N'w'n Decemb'r
246,920
21,,6831
283 ,701
Ft.W.Cin. &L.. November.
26,198
133:,516, 1,497 ,759 1.304,635
190.881
Georgia Paciflo. Decemb'r
Ga. RK. &B.C0. November.
165,900 163!!,229 1,458 ,832 1,381,657
12:,770
45,5!»7
334 ,512
Geo. So. i&Fla.. Decemb'r
101,948
35:,469
96 ,611
Gr. Rap. & Ind
3d wk Jan.
34,757
6,,943
18 ,748
19,986
6,200
Cln.R.A Ft. W. 3d wk Jan.

&

Cin. Decemb'r
Ashv.& Spartan. Decemb'r.
Aiinlston

.

.

SECURITIES.
UN. A.AC— C.& I.Div.,6s

40

Ch.A Atl.— Beneilc.tr.rec.

A

Williamsburg

1

77
120
103
93

io2

A

Cincinnati

Bid.

People's (Brooklyn!

Stock Exchange— Unlisted Secnrities.

Am. Bank Note Co
42
Am. Pig Ii on Stor'ge war.
Am. Cull le Trust
12
Atl.

GAS COMPANIES.

A8k.'|

|

109
«7
100
97
IHO
116
107 Wi
100

*
200,632

.

Last price this week.

*

Allegheny Val.. November.
Aimistou & Atl. Deceiiib'r

1889-90.

. .

108

Seah'dARo'n'ke— 58. 1926 106
West. Md., 3d guar., 68.

WU.

Ho

.

1251s

107's

Charl. Col.
Augusta
104^4 Western Maryland

103

1898.

Income. 68

lOS
llOH,
105 »4

Preferred

1*100
•Wlscon. Cent.— 1st M., bs * 98'*
2d,

1041,

107 1»

Pltt8burirBr..68.

'

6S|
Rutland— l^t, 6s, 191)2....

"lO'

RAILROAD STOCKS t
Baltimore A Ohio

70 "4
30 "s
22
127
;-"

Ogdens. 4 h. C.'-Cons.,

1221!:

102
119

West Chest'r— Con. 78, '9
Wett Jersey— 1st M., 7b..
W. Jersev A Atl.-lst, 68
West Penn.— 6s, 1893 ....

loo's

Latut Eamingt Reported.
Week or

.^'

119
101

,

I

1911..
1st con. inc., 38, 193ft
2d con. luc, 3s, 1939 ...

111=4

1S1>!1

Pitts. Cin.

K. C. Ft. Scott A Gif.-78 --K.C. Memph. A Blrm—58 »»,
K»n.Clt.8t.Jo.AC.B.— 78 J23>i,
K. City Clin. A apr'd.-58' 89
Little K. A Ft. Sm.— 78.... JS9
I*nl8V.Kv.ASt.Ii.— lst,68, 122
76
72
2dmort., 2-68
104
Jtar. H. A Out.— 1926, 68.

Mexican Cen— 4s.,

111

A St. L.— 78,op.
SchuyL R. E. 8.— let, 5s..
115I3 Steuhen. A Ind.lstm. 5s
... .llTTnitedN. J.—G. 48, 1923
99'4 Warren A Frank.— Ist. 78

rreem.Klk.&M.V.— lst,6s' •-•
"2
Unstamped 1st, 68
X. C. Ft. Scott A Mem., 68

1923, 6s

120

Philadel.

91

...

RAILROAD EARNINGS.

. .

115
102

A Read.— Ipt, 68
2d.7s, CAB., 1893....
Cons., 7s, coup.; 1911...
Cons., 69, g., r.R.C.1911
Imp., 6a, g., coup., 1897.
Cons. 58., Ist ser., 1922.
Deferred incomes, coup
Phil.W. A Bait.- Tr. c, 4s

89
99

1

The General Quotations of Stocks and Bonds, occupying
now published on the
tbird Saturday of each month.

Bo AD?.

101'

5a, '18

'Is

six pages of the Chroniclb, are

116'4'
.13112
1109

114

July, September

furnhhed without extra charge to
all regular subscribers of the Chrosicle. Extra copies
are sold to subscribers of the Cheokiclk ci 50 cents each,
and to others ot |1 per copy.

116

136 al

1923..

month—vfz., January, March, May,

and November, and

1104 lo
il8'4

13934!

1910

A R.,

2d series 5s, 1918
Penn. A N.Y.Can.— 5».'3^
Pblla. A Erie—con. 68.
General mortg. 4s

*10»

exempt, 6s

116

Cons., 68, coup., 1919...

llO^i

Plain 48. IfllD
Clue. Burl.&North. st 6s.

Bet.

114Hi lie"

113

4 ^, Ti u.st Loan
Perkiomen— Istse.

83'»

Exempt, 6s

...„
2d
...>,=
68, 1H8

109

78, 1900...
68.

North Penn.— l8t M.. 78
General mort. 7s, 1903
N.Y. Phil. ANort — l8t,6f
49 »4
Income, 6s
Penn.— Qen.6s, coup.1910 132
Cons. 6s, coup., 1905 ... 120 «

176
I'/B

A.toh.

Non

36
102

A Jeff.— Ist,

The Investors' Supplement, a pamphlet of 150 pages,
contains extended tables of the Funded Debt of 8tates and
Cities and of the Stocks and Bonds of Railroads and other
Companies. It is published on the latt Saturday of every
other

110i«

Consol. M.. As
Leh. v.— l8t» 6r,C.A B.,'98

Korwlch

'Wisconsin Central
Preferred

29
66
280
60
41

2d mortg., 78
18
117
1»4

& New Eng., pref..
& Worcester
OKdennb. & Lake Cham..
Old Colony
Portland Snco & Porta...
Saxoniit Branch
Vermont A Mass

«.

'

Connecting — Oa
DeI.«Bd.B.-l8t,7B, 1905. '133 la
Eaeton A Amboy. — M. 58. 116M
Elmlra A Wllra.— Ist, 68.. I2OH1
Harris. P. M't J.AL.—4sHnnt'nA B. T.— lBt,7B.. 103 >i

72
48
2C
SO
140

„,
f} ^
*'^^

Preferre<l

'

Lewlston.....

Belved. Dela.— Cons. 4s..
Bells Gap— Ist M., 78

MSB"!

Flint* I'ere Marquette..'
*
Prefenod
Ran. c. Ft. Scott * Mem.
K. C. Memiili. A Blrm....

A

70
90
B5<a

'

3-10s,'96.
Inc. 78, end. coup..'94..

'

FitchbiirK, pref

54>2

AUegh. Val.— 7

Oonnectlcnt A Passnmp.. *ll*'a
226
•--.;-.
Connecticut RlTor
Preferred

68

70

RAILROAD BONDS.

'

»»tem

63 >«

Uaven

d.

United Go's of N.J
West Jersey
West Jersey A Atlantlo..

30

S^a

*

A

Keaquehonliig Valley
Northern Central
North Pennnytvania
PenuBylvanla
Phil. A Erie

*IS^

I

Canton

<t

tlinehlll

14
{

18

Lehigh Vallcv
Little Schnyllim

I

OiUfomla i^onthem

Ask

Bid.

A Broad Top

Hantlngton

.

.

,

.

February

1,

THE CHRONICLE.

U80.|
Lcuttl

Samingi

Jan.

Reported.

1 to

LaUtt Dale.

WtekorU
Or.

Otbpr

llricH

1

.. .Id

.

wk Jan.

Det.Or.H.ctM. 'A "k Jan. 18
Gulf & Chicago. Deecmb'r
HoiiHatonlc
NovC!uber,
Huraest'nikt-Uen December
Ill.Coii.dll.&.So.)

Cedar P'.&Mln
Dub. &Sio'xC.
Iowa lines
Tolalall

....

Ind.Dec.&West
Interoc'nie (Mx)

Iowa

Cl^utral

K.C.Mem, iliir.
K.C.Wy. &N.\V
Kentucky Cent.
Keokuk & West.
Kiuf^st'n & rem.
Knoxv. & Ohio.

IstwkJan.
Decemb'r
Decemb'r
iid

wk

Jan.

Istwk Dec
November.

& 80 Decemb'r
L.Erle& West.. 3d wk Jan.
L. Erie All.

LeUiRh A Ilud.. Decemb'r
L. Uock AMem. 3d wk Jan.
Ix>nK Tolland
Decemb'r
La. & JIo. River. November.
Loni8.Ev.& St.L. Decend)'r
Louisv.&Nasliv. ;d wk Jan.
LoulB.N.Ac&Ch, 3d wk Jan.
Loulsv.N.O. AT, 3d WK Jan.

Lou.8t.L.&Tex. Decemb'r
Louisv. South'!!. Decemb'r

Memphis ACiiiis 3d wk Jan.
Mexican Ce!it... .'Id wk .Ian.
Mcx. National 3d wk Jan.
Mexican R'way iVk D0C.2H
.

wk Jan.
Milwaukee & No 3d wk Jan.
Mil.r,.Sh.&\Vest

3(!

Mineral Itange.. Decemb'r
Mluneai). ifeSt.L. Decemb'r
M.St.P. *S.8.M. Decemb'r
Mo. Kan. & Tex. Decemb'r

Mobile

&

Ohio

Decemb'r

.

3.154
319,700
69,915
17,028
5,015
107,563
18.000

Montana Union. November.
Nash.Ch.&St.L. Decemb'r,
ck. November.

NewBrunsw

3,008
56,352
4,977
5,035
83,584
22,954
46,800
87,489
7.234
2,554
53.1C3
4,900
49,814
22,436
13.231
230,045
42,629
87,485
345,140
31,969
81.426
34.744
35,150
43,499
120,114
71,984
69,365
51,614
22,200
9,415
142,550
177,554
796,971
321.751
73,686
309,265
73,010
24,443
22,029

N. Jersey &N.Y. October. ..
New Or!. & null Decemb'r
N. Y. C. & H. R. Dece!nb'r 2.981.531
N. Y. L. E. & W. Decemb'r
,187.861
N. Y. Pa. & Ohio November.
609,990
K. Y. AN.EuK Decemb'r
473,266
N. V. & North*!! Decemb'r
42,801
N. Y. Ont. &
. . '3d wk Jan.
28,175

N.Y.

.

W

su.sq.ife W..

I

«

Decemb'r.

Norllolk .V West [3d wk Jan.
irtheast'n (8. C.) November.
North'n Central. Decemb'r
Northern PaclUc 3d wk Jan.
.

|

2,976

6,686
89,660
14,754

124,236
130,156
59,490
500,226
238.706
11,313
129,888

8,313
086,982
218,880
54,432
45,121

8,324
927.122
177,944
51,979
41,895
1,040,387

1,153,063
158,305
l.')5,743
14,151,851 11,8122,477
95,702
95,371
1,804,822 1,742,398
1,913,627 1,837,769
16,052,375 13,610,245

392,622

394,249

93,465
82.001
4,505
40,659
(;0,127
37,608
469,945
387,5'24
5,208
10,443
9,626
4,267
9.977
8,256
79,981
168,209
155,796
2'2,954
19,591
19,591
32,622
4.^6,370
294,294
87,194 1 ,063,334 1,042.680
5,901
19,704
17.705
2,350
170.036
182,914
48,780
531,083
459,687
61,'282
5,772
62,543
39,195
144,283
120,122
21,289
272,856
251,218
15,818
39,406
47,452
216,205 3,485.370 3,414,780
37.530
423,57
418,393
90,732 1,050.69
I,0'28,851
315,870 1,034,745
920,145
34,019
102.923
100,995
55,002
251,133
172,935

27,000
43.148
106,317
59,3721

WeekorMol 1889-90.

1888-9.

$

I

316,963
57,042
15,916

Decemb'r 1,376,544 1,169,856
Decemb'r
8,570
8,080
Decemb'r
191.347 152,13<i
Decemb'r
160,215
199,917
Decemb'r 1,576,461 1,330,071
Decemb'r
39,911
45,339
Decemb'r
125.280
74.625
3d wk Jiiu.
30,148
27,123

Iron liailwav
Dceeiub'r
J'k'uv.T.&K'.W)/ November.
Kauawlia& Olilo '2(1 wk Jan.
Kan. C. CI. &8p 'id wk Jan.
K.C.F.S. & Mem. '2d wk Jan.

1889-90.

|

|

Rap.A Ind.—

Brand Trunk. .. W'kJan.18
Chic AQr.Tr. WkJan.18

!

1888-9.

188a-90.

Lautl £aming$ Reported,

ROAD8.

Roads.

171^'

130,357
340,871
218.105
4,133,145
152.596
62,400
109,369
1,46-!, 157
1,650,726

59,652
37,233
18,184
8.568
110,427
95,442
574,801 7,008,51
312,498 3,049,383
62,874
697,795
285.125 3,505,725
71,036
81)1,533
21,495
204,670
21,888
182,06o
3,000,851 36,056,598
2,141,803 27,512.023
492,63" 6,062,'272
429,870 5,650,504
40,177
598,635
25,589
79,079
123,694 1,402,466
93,682
379,678
50,951
553,558
499,538 6,069,957
263,074
751,0)8
8,117
25,135
118,656 1,434,167
76,906
238,694
17,383
218,753
•

Summit Branch. Deeemb'r
Lyknus Valley Decemb'r
Texas & PiiclUc 3d wk Jan.
Tol. A A.AN.M. 3d wk Jan.
Tol. Col. &Cln.. 3d wk Jan.
Tol.,i; Ohio Cent. 3d wk Jan.
To;.&O.Cen.Ex. Dcce!ub'r
Tol. P. & West.. 3d wk Jan.
Tol.St. L. ..ItK.C.' 3d wk Jan.
Union PaclHo... November.
Total systoiut..
Valley of Ohio..
Vermont Valley
Virginia Mid I'd

November.

52,300
14,074
184,501
247,208
0,893

Dceeiub'r.

Western of Ala.
West. N.Y. & Pa.
West. N. CarTa.
West Jersey
W.V.Ceu.&Pltts.

I

I

& L.E,
& Aug.

Wheeling

Wisconsin Cent.
Wrlghtav.&Ton.

'27,150

|

i

I

«

Jan.

l^leet Dale,

1 to

1880-90.

I

1888-9

*

114,075

1,190,954

82,731

921,183
408,770
54,889

1'20,851

14.027
4,178
19,650
8.624
16,675
14,590

115,303
50,801

1,442,673
1,012,212
369,467
45,507
11,848
54.573
88,269
48,675

>i3,651

47,345

13,444
59,2.:

9

,880,408 ;,723,240 23,285,474 27,083,848
,728,4913,,583,140 36,159,540 35,805,048

Noveu!ber.

Wauash
Wash.O.A West

Wll. Col.

01,333
83,840
141,304
16,504
4,964
21,633
8,307
18,784

1888-9.

Decemb'r.
3d wk Jan.
Decemb'r.
Decemb'r.
3d wk Jan.
Decemb'r
Decemb'r.
Decemb'r
3d wk Jan.
November.
3d wk Jan.
Decemb'r

02.076|

53,7<I0

13,739
148,361
101,141
8,084
51,159

53,700

56,.5O0

72,002i

63,036
96,486
60,495
15,632
78,433
49.564
6,524

102,009
68.050
17,179
92,483
74,466
7,36f

5m7,955

569,732

189,7511

130,951
1,824,673
739,487
594,402
125,867:
119,10«
561,637
161,562
164,70<1
167,900
867,128
663,974
1,526.169 1,555,673
759.917
661,607
54,450,
49,219
806,667
72'2,442
'212,603
145,147

2,149.'261

S0,888|

Mexican currency.
b Includes tho Memphis division In 1880.
e Earnings of entire system. Including all road operated.
Main Line.
{

Latfist tJrt.BS Earninirs

by Weeks.— The

ings in the foregoing table are separately

The

latest treekly earn-

summed up as

follows:

statement for the third week of January shows
12 89 per cent gain on 79 roads.
final

119.564
2S.9,723

176,298
3,893,868
105,332
51,552
99,564
1,354,560
1,102,490
6,320,955
2,606,282
717,951
3,125.280
803,296
203.212
169,98o
35,283.584
27,009,353
5,694,260
5,340,065
556,782
70,744
1,445,902
297,018
556,980
6,203,395
769,201
18,704

3d Keek </ January.

1890.

Prev'ly rei)ort' J (16road8)
Atlantic & Paciflc

1,325,255
44.708
41,329

Bait. & Ohio Southw...
('auadiaii Pacitle

218.00O
122,339
54.837
60.647
75.177
21.439

Chesapeake & Ohio
Chicago A Atlantic
Chicago ifc East. Illinois
Chicago St. P. & K. City.
Chicago >.t West Michigan.
Cincinnati Jack, ii Mack.
Cln.N.O.&T.Pac.(5 roads)
Cleveland Akron & Co)

8.945
158.992
13.'209

.

Cleve.

an.

Chic,

(fr

St.

L

208.189
30.158
5.741
68,182
16,045
24.881
127.380
5.139
18.565
49.498
28.807

..

Colorado Midland
Col. & Cin. Midland.
Denver Tex. & Ft.
Detroit Lans. & North
Duluth 8. 8. & Atlantic.
East Tennessee Va. & Ga.
Evansville & Indianap...
Evansville & Terre U
Flint & Pere Marquette..

W

.

OKd. itl.akeCh. Wk Jan.ll
Florida Cent. & Peninsula,
Ohio Ind. & W.. Decemb'r.
1,489,978 (iraud Rapids & Indiana.
34,75'
Ohio & Miss
3dwk Jan.
8.5.465
215,865
Cincinnati R.& Ft. W...
6,200
Ohio & Northw.. Decemb'r
20,538
188,912
lines
Other
3.151
Col. & Maysv. Decemb'r.
821
926
10,901
8,639 *Gi'and Trunk of Canada.
319.700
Ohio River
3dwkJan.
11,175
9,523
33,680
28,569
Trunk
•Chicago
&
Or.
69.915
Ohio Southern.. Deeeinb'r.
41,696
50,511
522,638
566,344
Detroit Gr. H. & MU
17.028
Ohio Val. of Ky 2d wk Jan.
3,237
2,133
6,246
4,063 Iowa Central
30.148
Omaha & St. L. iDecemb't
59,323
45,373
427,710 Keokuk i Western
524,88y
7.234
Oregon Iiup. Co. November. 454,901 419,181 4,026,077 4,520,469
49.814
Oreg.R. &N.Co. Noveiiiber. 579,339 615,273 5,634,564 5,854,'263 Lake Erie & Western
Memphis..
13.-231
Little
Rock
&
Oie.y.L.Ai Ut. N. 'November.
536,525 537,668 5,958,939 5,195,869
345.140
Pennsylvania .Decemb'r 5,495,264 4,808,082 61,514,445 58,172.078 Louisville & Nashville...
Louisv. N. Alb. &Chic...
34,969
PconaDec.&Ev. 3d wk Jan.
11.3421
11,721
38,006
38.010 Memphis St Charleston.
43,400
PetersbiirK
November
36,371
32,810
429,125
379.213 Mexican Central
120.114
Phila. & Erie... November.
41'2,193
412,333| 4,32-2,316 4,115,877 Mexican National
71.984
Phila. & Keikd'g. Decemb'r 1,654,942 1,400,512 20,675,252 20,500,193
New York Ont. & West...
28,175
Pittsb. & West'u November.
1 15,874
114.511 1,286,188 1,164,952 Norfolk & Westci-n
130.156
Pitt.s.Clev.&T. November.
37,226
44,283
452.795
438,840 Ohio & Mississippi
85.465
Pitts.l'aiu.&l''.'November
20,897
27,817
263,502
248,970 Ohio River
11.175
Total .systeii![3d wk Jan.
31,585
37,144
111,431 Peoria Decatur & Evans v
107,932
11,721
Pt. Royal & Aug. Decemb'r
26,845
25,205
317,608 Rich. & Danv. (8 roads).
315,757
203,825
Pt.Koy.A W.Cai'.lDeoemb'r
335,.5-6
39,520
41,169
364,788
St. Joseph & Gr. Island..
22.239
Pres.iVAiiz.Cen. Decemb'r
11,400
11,714
108,561 St. L. Alt. & T. H. Brchcs.
128,50s
23.470
QulneyO.&K.C. Decemb'r.
19,680
119,888
216,703 St. Louis Ark. i Texas.
245,95b
82.873
cR.&Dan. Sys'ni 3'1 wk Jan. 293,825 254,325
823,425
718,850 San Antonio & Ar. Pass..
37.480
Rich. & Petersh. November.
25,597
24.821
270,115
243,615 Texas & Paciflc
141,304
Rio Gr. West... Decemb'r.
117,953 1'20,886 1,491,634 1,366,622 Toledo Col. & Cincinnati.
4,964
Rome & Decatur Decemb'r
8,400
4,200
roledo Peoria & Western.
18.784
Rome W. & Ogd. Decemb'r
301,041
267,368 3,586,166 3,358^103 Wabash (consol. system).
247.208
Bt. Jos. <fe G. Isl. 3d wk Ja!!.
22,239
22,678
65,199 Western N. Y. Sc Pcnn...
91,869
53.700
St.L.A.&T.U.B's 3d wk Jan
23,170
19,360
67,273
54,974
St.L. Ark. &Tox. 3d wk Jan.
82,873
64,841
180,858
228,870
Total
roads)
(7D
5,086,888
St.L.DesM.&N. Decemb'r.
6,178
4,651
61,636
52,465
St L.& 6an Fran. 3d wk Jan.
103,584
96,005
271.694 Net Increase (1289p. c.)
2.84,340
8t. Pai!l & Diil'th Decemb'r
89,559
88,590 1,290,097 1,524,918
'For week cudirg Jar. 18.
8t P.Min.& Man. Decemb'r
730.609 858,129 8,833,223 9,281,834
Ea.st. of Miuu. Decemb'r.
66,167
11,225
MoutanaCent. Decemb'r.
77,839
54,642
Net Earnings Hontbly to Latest Dates.— The tables foUow^
S.Ant.&Ar.Pass. 3d wk Jan.
37,480
22,118
61,1(^3
100.554
8. Kran.&N.Pae. '2dwk Jan.
9,270
8,586
17,206
19,056 ing
Bhow the net earnings reported this week, the returns for
8av. Am. A .Mo!i. Decemb'r
25,410
18,673
204,533
126,581
Seattle L. s. & E. 3d wk Jan.
5,190
4,137
11,844
15,566
each
road being published here as soon as received, but not
Shenandoah Val Decemb'r
65,'<45
92,000
9t5,7I2
831,948
South Carolina Decemb'r
121,041
123,506 1,352,609 1,269,031
kept standing from week to week. The figures cover the
So. Paciflc Co.—
Gal.lIar.&S.A. November.
366,827 398,156 3,606,230 3,459,754
latest months and the totals from January 1, and also tl)»
Ix>iila'a West.
November. 108,191
97.375
883,3'28
993,.592
Morgan's Likr. November. 605,410 587,008 4,797,570 4,644,683
totals for the fiscal year on those com^ nies whose fiscal yea
N. Y.T.&Mo-'C Noveinber.
16,108
25,157
170,375
130,688
Tex. ifc N. Orl. November.
141,941 1,566,076 1,312,269
180,206
Atlantic sys'n! November. 1,285,796 1 .240,588 11,134,743 10.430,719 does not correspond with the calendar year.
Paeltic system November. 2,840,257 2,930,127 31,522,249 3'2,291,203
.—Jan. 1 to Dee. 81.-%
Decehiber.
Total of all.. November. 4,126,053 4,170,715 42,656,991 42,721,921
.

.
.

.

.

j

)

I

.

.

\

I

.

.

.

.

.

—
.

8o. Pac.

KK.—

Ko. Div. (Cal.) November.
So. Dlv. (Cal.) November.
Arizona Div.. November.
New Mex. Div. Novemljer.
Spar. Un. & Col. Noveii!ber.
Btaten I. Itap.T. Decemb'r.

176,308
491.724
177,286
82,4i53

13,035
53,439

185,001
521,132
164,630
78,584
11,276
55,529

2,108.393
5.611,393
1,706,435
865,523
109.181

929,928

1,931,5.50

6,122,109
1,9'23,589

916,725
9L'.S2ri

912,418

.

1888.
1889.
1889.
1888.
Gross.
133,480 113.2-24 1,633.733 1.539,124
509,561
373,282
14,243
Net...
12,817
696,128
737,144
35.398
Camden & Atlantic. Gross.
37,788
131,404
145,291
Net... df.l 1,497 def. 1,750
Canadian Paciflc
Gross. 1,265,801 1,146,441 15,010,657 13,195,534
Net .. 516,723 418,672 6,006,058 3,870,77«
lifnifin.

Bait.

& Potomac

THE CHRONICIE.

172

—

D'cember

.

1888.

1889.

,-Jar. I toDte. Sl.1888.
1889.

V
tf
S
Caao.Burl.&<iuiacy.Oro.«. 2482.C«. 2.107.673 2rt.778.31^
Ifofi^M

Net...

880,533

lines ooutrolloil..Oroi«i.

717,fl84

Net...

313,680
378,900
151,000

01n.N.O.&Tei.Puo.GroM.
Net...
JlUJ^t toDeo. 31, (Gross

JNet
6 months
iK.O. & Northoaat. Grows.
Net...

July 1 to Deo.31 > Gross
6 muntbs
SNet
& Vloksburg. .Gross.

Ala.

Net...

July ltoDcc.31

6 months

>

118,783
41,000

72,064
23,000

SNet
Net...

81,938
32,000

/Gross
iNet
6 mouths
Olereland & Canton .Gross.

41,93'1

Not...

13,339

July

1 to Doc.31

) Gross
Jnlyl to Deo. 31, )Gi
6 months
i Net.
C.C.C. 4 8t. lrf>uis..Gross. 1,062,416

Net...

376,214

July! to Dec. 31, > Gross.
$Net...
6 months

Bay City & Alp. Gross.

30,788
8,957
329.759
Mexican National... Gross
Net...
86,978
N. Y. L. E. 4 West... Gross. 2,187,861
Net
621,567
Net less prop'rt'n due r'ds
402.675
operatedon a p.c. basis
Oct. 1 to Deo. 31, > Gross.
sNet...
3 months

Det.

Net...

485,469 6,782,953 6,857,587
7,472,034 6,964,417
2,635,440

2,506,773

1,940,052
1,849,484
306,908
469.605
69,624
5,597.125
2,113,772
6,069,957
1,944,357
21.741.891
9,361,750
1 2,655,365
5,874,850
4,080,989
1,317,654
2,254,287

1,897,948
1,689.431
236,065

less prop'rt'n due r'ds

operated on n p.c. basis.
N.Y.Ont. & Western. Gross.
Net.
Oct. 1 to Dec. 31 i Gross.
5 Net...
3 months
Norfolk & Western.. Gross.
.

142,863
15,231

122,062
9,016

402.448
35.600

4,899,599
1,897,672
Net...
191,468
6,203,305
Nortbem Central. .Gross. 500,226
2,109,821
Net...
88,619
18,060,103
Northern Pacific. .Gross. 1,601.375 1,481,523
7,046,171
Net...
687,519 517,406
10,620,941
July Ito Dec 31 ? Gross.
4,357,025
6 months
SNet. ..
3,808,984
Obio& Mississippi.. Gross. 357,385 401.122
1,031,444
Net...
102,792 126,058
2,128,466
July Ito Doe.31 } Gross.
611,941
801,021
6 months
Net
.
i
Phila. & Beading.... Gross. 1,654,942 1,400,512 20,675,252 20,500,193
Net...
665,500 564,335 8,178,525 9,420,041
BioGraude A West. .Gross. 117,953 120.886 1,491,634 1,366,022
562,860
390,058
42,824
Net...
30,078
705,585
835.789
July 1 to Dec.31 ) Gross
337,274
204,329
6 months
SNet
Rome Wat.&Ogdon. Gross. 301,041 267,368 3,586,166 3,358,103
Net...
126,758 108,497 1,517,256 1,439,911
978,653
880,948
Oct. 1 to Doc. 31, 1 Gross
465,305
399,347
3 mouths
SNet
912,418
53,439
929,928
Staten Island E.Tst. Gross.
55,529
292,172
Net...
13,226
283,201
5,190
171,180
169,285
..O.^t Ito Doc. 31, (Gross
26,570
3 months
23,268
5 Net
West. N. Y. 4 Pa Gross .
273,777 248,754 3,443,412 3.177,991
Net...
717,019
904,061
90,977
64,162
Oct. 1 to Deo. 31, ) Gross
903,938
847,184
218,1';2
3 months
248,472
5 Net
West Jerjey
Gross.
102,999
96,486 1,526.109 1,555.673
Net...
14,.598
1,233
427,099
501,141
-Ifotembrr .-Jon 1 to Nor. 30.—
1889.
1889.
1888.
1888.
reads.
$
$
I>enr.Tex.& Ft.Wor. Gross. 1248,110 2.50,498
Net...
t54,234
79,127
July 1 to Nov. 30, ) Gross
1,302,146 1,061,62a
5 months
<Net
428,687
256,481
rouis.N.Alb.&Chio. Gross. 209,.390 193,339 2,265,100 2.104,661
Net...
81,585
79,784
818,850
782,831
loplsyire Southern. Gross.
35,676
23,348
349,196
Net...
14,256
Vempb. & Oha'ston. Gross. 166,<^97 146,224 1,545,002 1,394.067
Net...
4.^,372
15,228
458,036
202,518
July Ito Nov. 30, ) Gross
734,293
617.745
6 months
233,863
46,602
S Not
New Brunswick
Gross.
73,010
71,036
861,533
803,296
Net...
20,067
18,274
284,955
237,415
505,4.54

409.727
146,716
499,538
289,863

.

. .

. .

July 1 to Nov. 30, (Gross
5 months
SNet
£>t.L.Alt.<KTerroH. Gross.

WheelingAL.

Net...
Erie.. Gross.
Not...

July Ito Nor. 30, (Gross
5 months
(Net

106,623
57,436
81,707
31,838

428,874
143,625
82,108 1,006,139
35,921
436,255
70,536
829,337
24,776
406,395
162,845

4(H,260
128,748
842,883
352,486
800,738
372, 31

136,489

For the first six months before the consolidation we have taken the
combined earnings of the old Clcvolar.d Columbus Cincinnati & Indianapolis, Ciiiciiiuati Indianapoli.s St. Louis & Chicago and Cairo Vlnccnnes & Chicago, f Karnings diminished by snow l^lockade.
*

ANNUAL REPORTS.
Delaware Lnekawanna & Western Railroad.
fFor the year ending December 31, 1889.
The annual report of this company consists of a brief income account and balance sheet, issued without remark:;, and
the statements of four years have been compiled for the
Oheonicle as below
:

1889.
1888.
1887.
l!;86.
4t
S
S
S
Gross reo'ts all sources. 32,342,865 39.84'i,857 43,232,422 38,217,622
Operating expense's.... 24,954,43 < 30,694.000 33,546,135 30,6.'>3.586
967,605
223,577
810,061
164.029
Betterments, equip., &o.

622.685 10.21 P,998 5,985,054
60«,373 7.289,304 5.95.1,590
215,236 2.383,9.50 1,425,980
25,118,462 31,504,061 34,513,740 30,877,163
319,497 3,937.657 3.624.400
Total expenses
129,047 1,386,922 1,124,29.> Net receipts.....
7,224.103 8341,790 8,718,682 7,370,459
2,189,030 1,907,232
IHCOME ACOODNT.
«57,333
899,000
1888.
1889.
1887.
1886.
900,341
111,517 1,057,614
8,341,796 8,718,682 7,370,459
7.224.403
Met
roceipts
158,000
226,000
47,000
5,180,711 5,203,419 5,218,419 5,222,375
494.202 Interestand rentals
572,536
115,000
163,000
2,037.6S«2 3,138.377 3,500,263 "27148,084
505,673 Balance, surplus...
612.894
73.535
1,834,000 1,834,010 1,834,000 1,834,000
112.000 Dividends
176,000
40.000
7
7
7
286,225 Kate at dividends
346,628
97.000
111,000
314,084
203.692 1,304,377 1,666,263
Balance after dividends.
568,733
626.875
67,315
The reports shows that 8-30 per cent was earned on the
134,000
150,000
23,000
331,596 stock in 1889, against 13-35 in 1888, 11-97 in 1887 and 7-77 in
368,868
104,000 1886.
120,000
379,184
448,612
32,201
GBNEBiL BALANCE AT CLOSE OF EACHJp'ISCAL TEAS.
118,485
145,689
9.342
18S9.
1888.
1887.
AftU—
1836.
194.734
253,129
ti
9
9
6
62,166 RK..bui'ding8,eqnipm'nt.
85,415
34,804,646
34,638,726
coal lams, Ac
34,496.431 34,669,226
992,288 '12087,150 »11 135,455 Stks and bds.own'd.oo...t. 4.770,654 .'',73S,779 .5,873,340 5,687,090
343,284 *4,131,742 '3,551.70S Net oa.sh and cur. acots. *897,a3l -1,037,985 *2,.582,749 *2.672,237
6,536,429 6,043.976 Materials,
1,221,174 1,216,976 l,3fcl,914 1,506,339
fuel, Ac
2,323,184 2,126,076
461.116
486,525
33,000
Total
41,385,590 42,689,966 44,356,229 44,670,312
168,324
213,8S6
11,672
LiabUitie* —
26.20'>,f 00 26,200,000 26,200,000 26,200,000
262.394 3,659,189 2,404.890 Btotk
3.674.000 3,«74,0rtu 3,674.000 3,674.000
63,811 Funded debt
665,759
25,230
Surplus
account
11,511.590 12.815,966 14,482,22!» 14,796,312
2,141,803 27,512,023 27.009,353
684,682 9,278,648 9,200,925
Total liabilities
41,385,5i,0 42,639,966 44,356,229 44,670,312

.

Net

B^BNISOB AND EXPEXSES.

.

Gross

Vtok8.8hrcv.&Hac. Gross.

1*

pTOL. I.

*

Net balance between

liabilities

and

assets.

The statement of items on either side of the account which
Ko to make up the above net balances of |3,673,237 in 1889 and
$2,583,749 in 1888 are as follows
Aeeounit receivable, a» follows :
18?8.
?1.225.402
Cash on hand
Coal on band (less than market value).... 1,168,101
:

Advancfs to leased roads.
Advances on coal 10 be delivered, Ao
Coal bills xnd sundry accounts due.
Loans and tundry 80 oounts receivable
Total.

1889.
$1,025,235
-2,006,092

2.54.".,669

3,073,100

1,3.55,304

1,80.5,225

1,216.292

1,164,404

610,';78

615,602

$8,127,514

$9,689,658

T.cM aecounf8 payable, vis.
Past due dividends, interest and rentals..

$162,553

$143,198

458,.'^01

463,920
1
690 499
Decoraler pay rolls, payable In January..
490,852
Honris and mortgages
Vouchers due and payable after Jan. 1 .. 1,381411
of
transp'r'n.
163.572
obligations,
account
Bun ry

458,501
1,725,536
452,249
082,735
490,851
1,909,132
1,089,217

$5,544,705

t$7,017,421

De'. L.

A W. (ilv. pavaWe Jan.,'89ana"dO

Rrntals payable sfttr January 1
f-tttte taxes payable alter January

Total

1,727,487

$2,582,749
Balance of accounts receivable
3,209,822 has been paid since close of year.
t Of whioh

$2,672,237

!j

Delaware H Hndson Canul.
(Tor

the year ending

December

31, 1889.^

The annual report of Mr. E. M. Olyphant, President, remarks
that " the circumstances that led in the year 1888 to the largest product in the history of the anthracite coal industry were
all reversed in 1889, and yet, notwithstanding such unfavorable conditions, the output of coal has been larger than for
any previous season, excepting onl.y 1888. thus furnishing incontestible proof of the steadily-increasing consumptive demand for anthracite coal."
The term consumptive demand is used as opposed to the abnormal demand of 1888. That was caused by an effort of dealers
throughout the country to replenish stocks exhausted by the
scarcity of coal following the strikes of the fall of 1887, and
winter of 1887 and 1888, and there was no good reason to expect a repetition of such demand during the season just closed.
The total amount mined for the year 1889 was 85,407,710 tons,
of which total this company produced 3,819,045 tons.
The result of the business of the year is as follows
-.

Tor,:

Coal produced at the mines of the company
Coal tiausfcrted for others
Total

3,819 045
1.03H,9 )6
4,855,981
1P,957,593
12,992,808

The gross rcceipis were
Kxpenses
Less taxes and rentals

^

5,964,725
3,426,829

2,537,895
Leaving net cartings
or aboilt 10 86-100 per cent.
" Although the amount of coal carried over the leased lines
of the company was much reduced, the increased business
from other sources has led to a result which, while not quite
as good as that of the orevious year, still shows a credit to
profit and loss account of $107,055, and this, although the outlay for improvements has continued to be large, as indicated
it would be in the previous report.
The additions to equipment during the year were 600
freight cars, 12 passenger cars, 14 locomotives ; and there are
now under contract 450 freiiht cars, 15 locomotives; and
about 5,700 tons of new steel rails have been paid for.
" Ehiring the year your managers have bousht and paid for
the controlling interest in the Adirondack Railway Company.
They have also secured as many of the bonds of this company,
maturing in 1891, as they have been able to do at a reasonable
Later in the year due notice will bo given to stockprice.
:

:

Februaey

1,

THE CHRONICLK

If BO. I

holders of the times for payment of the 55,000 shares of stock
to be issued at 75 per cent for full-paid shares the proceeda of
same to be used in the retiring of |5,5O0,O0O of 7 \>er cent
;

bonds ma'uring in 1891."
results of operations for four years past were an belowgiven, the net being a Uttle over 5 per cent in 1886, llj^ per
cent in 1887, 13-6o in 1888 and 10-36 in 1889.

The

1P87.

18-^6.

Sue'pU—
From coal
from railroads
From mlscel ancouB

69i,i78

Net
Interest
rentals

Comparative

Chronicle are

9,554.221

8.652,318
9,4«?.975

5S'.i,8a2

822,300

10.fi2-^,067

20,729,180 18.947.593
14,044,710 12,992,-Ort

6,214,074

6,081,470 15,961,725

and

Balance

8,415.523

3,303,768

3,310,330

4.422,169

1,175,487

2,910,303

3,344,134

1,542,556

four

for

statistics

as follows

yearajjcom piled for^ the

:

PROFrr AMD LOSS.
1887.
1888.
1886.
1889.
A
A
Of
S
7,399.095 10,100,118 10,604,48.5 8,457.519
56.075
58,410
66,505
59,5
Canal tolls
490,217
395,001
762,713
633,867
tot. on luvesf. <& mlsccll..
201,299
332,853
183,61)7
39«,09»
C5oal on hand (Uec. 31)
Ballroad earnV" in Penn.
841,662 1,147,134 l,041,7.'i6 1,081,817
130,111
Profit on least d lines
Total
9,^65,60? 11,8^2,457 12,530,522 10,75 7,435
JHaoursements
332,652
183.e97
201.299
Coal on baud Jan. 1
649,905
4,23i«,H07 5,019,117 5.313,133 4.7.57,231
Mining coal
Trans.totldew'ier via Erie
873.517 1,159,114 l.I6t,S27
014.710
88 ',810
93Z,2->2
Trans.exp.,oanul,leaje.>ko
767.151
986,576
9!)5.a40
Interest
1,069.067
973,571
980,994
43H,i62
Term in'l expense &miucel.
402,656
2Su,230
498,543
183.t)99
171,577
Taxes
169,189
165,634
2i,6»5
Loss on leased railroads..
37,622
Balance
1,175,485 2,910,305 3,341,134 2.D37.897
Receipts—

Bales or coal

—

0,205.687 11,892,457 12,530,523 10,757,435

Total

OGNBKAL BALAJICE AT 0LO3B OF BACH FISCAL TBAB.
1886.

1883.

1887.

1889.

Auett—

«

Oinal

6.339.210 6,339,210 6.339,210 6,339,210
Kallroad and equipment.
7,257.323 7,276.629 7,457,660 7,915',.S06
Beal estate
9,725,391 10,7-7.387 10,8 (-1. 093 11,0.^74.'
Mine impt-ov'*ts. tixt'ef ,tbo. 2,792,511 2,815,844 2.830,869 2,041.51.)
" "
Ooal-yard, bafKes, Aio
1,007.821
893,723
890,208
995,201
Lick. A Siisciuehannu KR. 1,022.938 1,022.933 1.022,93H 1.(102.407
Mew York i, Caumla RK.. 3,597.074 3,878.724 3,89d.rt66 3,921,02.
Cherry Val. & Hhanm RP.
300.000
300.000
210,000
210,0<'0
5'J.972
Hechan.& Ft.Ed»ard Kt.
59.972
59.972
59.972
213,'; 61
Bebeu. & Mecbuii. RK. ..
212,993
212,993
214 895
Alb'y A 8u8q. conslrttct'n
03.418
215,641
33->,652
Coal on hunu Dec. 31
183 697
201 299
396,099
861.7-29
32-. 933
Advances tu leased lines..
4U4.864
71,065
Advances on coal royalties
756,040
766.149
788,185
888,025
Miscellaneous assets
2,580,396 2,604.3o9 4,176,519 *o,093,366
Tele^aph and Car Co
14.735
14,735
14,735
18,708
BnppUes.toolH,,&<%.on hand 1 ,13.'>,4 1
1,200,174 1,281,877 1..5.-i2,483
Oa8li&bms«fcuc"ci8recelv. 4.4."i9.007 5,255.912 4.932,029 3,352,27u

"

Total assets
Liabilitie*

42,461,213 44,017,310 45,620,372 46,311,960

—

24,500.000 24,500,000 24,500,000 24,.500,000
Bonds
15,378,000 15,378,000 15,.37t<.000 15,37»,000
Miscellaneous aoootints...
694.392
651,134
733.69 2
6C2.355
Froflt and loss
1.888,821 3,488,176 5,003,0i0 5,771, lli5

Block

Total Uabllitles

42,161,213 44,017,310 45,620,372 46,341,900

* These mlsoellaneoos assets Include the following: Sundry bonds,
$360,470; 6,500 sharm All>aiiy St SuHquehana BR., $6^0.000: 16.U0>>
8hare< Renssolear & 8arMt4>(!:i RR.. «l.Hi)a,OJj; 40,000 shares Rutland
BR., ^1,500,000; sundry stocks, $982,898.

Fort Worth

(Tor

& Denver

all classes

Surplus ea'nlnys October 31, '89
Ot wiiich has been expenled for
bcttarmeati

-9351,006
f
22.899
3.670
21,S82

'

lH8t)-87.

lii»,549

1887-88.
$73',: 93

Express
Mall
Telegraph
Miscellaneous

11.893
12,354

Bentor cais
Bent of entjinea

13.603
l,0oo

202,383
15.848
12,334
7,!46
1,793
27,673
8.420

..*«e9,754

«1 ,016,1 13

9,8 <8
6<'0

9299,653

new proiwruy and

9126,812

Colorado Midland Railway.

(Tor

the year ending

June

30, 1889.^

of Mr. J. R. Busk, Chairman of the Board, states
that in consequence of the requirements ot the Inter-State
Railroad Commissioners, 1 he Board have deci.Icd to make their
alteration will
Tlii
fiscal year end in future on 30th June.
necessitate a change in the date of the annual meeting of
stockholders from April to October.
" Since the last report an agreement has been made between

The report

the Colorado Midland Railway and the Denver & Rio Grande
Railroad, by which they lease jointly the Rio Grande Junction
Railroad, a line running from New Castle, thepre^nt western
terminus of your road, to Grand Junction, a distance of about
75 miles, where a junction is made with the Rio Grande Westem RR., thus givmg tlie Midland the benpflt of a standard
gauge connection with Salt Lake, Ogden and the Paciflc
*
*
coast."
" The proposal made in a circular issued by the Chairman <rf
the Board on 9tti September last to the holders of 2d and 3d
mortgage lx)nds, requesting them to join in a plan for funda consolidated mortgage, has met the
ing these securities
approval of those interested. Out of a total of $1,500,000 2d
mortgage bonds §1,464,000 have already assented and out of
$2,159,000 3d mortgage bonds outstanding $2,076,000 have
*
*
come in."
The increasing business of the road and the further demands likely to arise when the Rio Grande Junction line is
completed have necessitated the ordering of more rolling
stock (say 6 locomotives and 800 cars) and it is possible that
more motive power may yet be required. To provide for this
a new equipment mortgage of $500,000 has been authorized,
and it it will soon benecessary to market about$180,000of these
bonds to meet the payments of the purchases already

m

;

'

made."

The gross and net earnings for the year ending 30th June,
1883, are given below, and the earnings and expenses for the
last six months of 1889 were as follows : Gross earnings,
$808,075 ; net earnings, $281,139, against $200,963 in the last
half of 1888.
For the twelve months ending with June 30, 1889, the itl-

come account was

as follows

:

YEAB ENDING JCSK

30, 1889.

Jneome.
Gross ewtlnKS
uperatiug expenses

$1,536,105
1.09i',677

$445,418

Vet earnings
.,
Tntere-t ou flr^t mortgage bonds
Interest on quipraent bonds
Interest on collateral trust notes

$352,.500
26,''31

1

1,701
15,129
2.200
39.000
4,352

Mlsceliaiieo IS interest
As. en sburt line rental

Taxes
buusbine Coal Co

440,515

Total obligatory charges for the year..

*

$4,912

GENERAL INVESTMENT NEWS.
—

Atchison Topcka & Smta Fe. The amended Atchison trust
proposition will be found in our advertising columns. It includes mention of these changes: Tne addition of Messrs.
Cheney, Wade and Rotch to the B'>ard of Trustees, the other
and original members being Messrs. Magoun, Thomas Baring,
Oliver W. Peabody and John J. McCook; the filling of any vacancy by the remaining trustees; tlie change of time-limit from
ten to five years, so as to end July 1 1895; and the declaring of
the trust effective when at least 300,000 shares of stock have
been deposited: before such declaration has been made, but not
afterward, any stock trust certificates may be surrendered, and
the stock represented by them withdrawn. Appended to the
circular are some fifty names ot leading banking houses and
stockholders recommending the trust as a wise and necessary
precaution. Holders ot stock are requested to deliver their
certificates to the Boston Sate Deposit
Trust Company,
assigned upon the backs or with a power of attorney to transfer the same to the Board of Trustees named.
,

&

of industry."

$51i,v!64

,...

tor taxes

tn»nrance
Orercuarg48

City Railway.

Called Bond?.— The following bonds have been called

fol

payment

KINGS CLASSIFIED.

Tot»I

From which deduct expendel

116.217
2 i4,758

Surplus

year ending October 31, 1889.^
The annual report of Mr. Morgan Jones, President, states
tliat the expectations of business for the year just closed have
been more than realized, as will be seen in the $165,263 increase in net earnings, notwithstanding the fact that the track
has not only been maintained, but very much improved, and
•'
is now in good physical condition.
The working atrangements with the Denver Texas & Fort Worth Railroad Company for the past year iiave been very satisfactory, and have
added largely to the business of the line. The laws of the State of
Texas have been fully compUed with in maintaining an independent, and entirely local management in every direction; its
junctions and workings with the above road having no effect
upon its distinct management. The business of the road heretofore lias been principally northward, a large percentage of
the cars having to be hauled back empty. This we are now
obviating by loading back with coal from points in Colorado,
having made during the year a demand in Texas for Colorado
coal that we cannot more than supply. The country through
which the road passes has proved to be very productive, and
is being rapidly settled by a good cla.ss of progressive people,

Freight
Pa»ten;?er

4.^2,450

.

Sarplos for year
Ail surplus Ojiobjr 31, '88

tlie

ready to engage in

.$53^,697

61,4M

0.951.163
«,189.97*
461,507

10,013,867 19,602,644
11,422, i54 13.38^,570
4,591,013

Taxes,

INCOME ACCOL'MT.
Netearnini^ 1888-39.
Uedu.t coupons paid..

$

9
7.08 1. «42
8,2H9.747

Total
Oper. expontes

1839.

less.

173

18S8-89.
fl,02,'i.7-.6

2:15.621
26..5H9

81,400.077

12 354
5.072
2.499
24.882
7,320

Mississippi River Bridoe— First mortgage 6 per cent bond
dated 1877 due October, 1912, to be paid by John Paton i.
Co., No. 52 WiUiam Street, New York, interest ceasing ApriJ
1,

1890, six

bonds of $1,000 each, viz

_^

:

N s. 2 37, v67, 609, 52.S. t)89.
Union Pacific collateral trust bonds dated
1,

1879,

due July

1, 1908. to be naid at 105 and accrued interest at the oflice of
the Union Trust Company, New York City, on Feb. 34, 1890,
flfty-tliree bonds of $1,000 each, via
,
:

THE CHRONICLE.

174
N0fcl3S, 253, 513, 558,
1,676, I.SVO, 1,612, 1,772,
2691 2,597, 2,726. 2,847,
S.892 3,409, 3,442, 3,495,
S855; 4,002, 4,103, 4,116,
e,029. 5.070.

1.857, 2,108,
2,!'01, 2,961,
3,526, 3.593,
4,208, 4,B28,

2.207.
3,255,
3,649,
4,412,

2,285.
3,272,
3,742,
4,503,

2,555,
3,280,
3,757,
4,645,

fund obligations to the amount of $100,000 per

of sinking

621.751,92-', 1,076, 1.17.\ 1,S45, 1.525,
2,56».
3,326.
3,849.
5,006,

[Vol. L.

annum.
Holders of the 6 per cent trust bonds of 1882 are notified
that they will be paid off at 110 and interest May 1, 1890.
Memphis & Charleston— A number of the minority stockholders of this company have united in issuing a call for a
meeting, to be held on March 5, simultaneously in Huntsville,
Ala., and Memphis, Tenn., for the election of directors. This
action is taken after requesting the Secretary to call a meeting
and his failure to do so.

& Nashville 6 percent trust bonds of 1882, due
The whole issue is called for redemption at 110 and
accrued interest at the company's office, 52 Exchange Place,
New York City, on May 1, 1890, at which date interest will
LoiJisviLLE

1932.

cease.

Canton Company.—The proposals for the sale of the Canton
New York & New England.—The earnings and expenses
Company's stock were opened on the 24th in Baltimore and for the quarter ending Dec. 31, were as follows:
Inereate.
awards made as follows: From A. B. Bay lis & Co.. New York,
1889.
1888.
$1,415,863 $1,502,960 $87,097
600 shares were taken at 53%; from W. S. Carroll of Balti- Earnings
8,141
927,324
919,183
54i.;:
KxpenMS
Laidlaw & Co., New York, 100 shares
more, 500 shares at
at 54 jg; John Gill, 50 shares at 54 90, and John A. Hambleton
$575,636 $78,966
Net
$496,680
& Co., 150 shares at 54>^ and 50 shares at 54%^. There were North Carolina State Bonds.^Justice Bradley has delivoffered 6,920 shares at prices ranging from 58J^ up to 90.
Court in the
Tliere were accepted 1,850 shares at an average price of ered the opinion of the United States Supreme
case of William E. Christian and others against the Atlantic &
about 54^.
North Carolina Railroad Company and others, appealed from
Chicago & Eastern Jllinois— EvansYille & Terre Haute
the United States Circuit Court for the Eastern District of
The President of the latter company, Mr. D. J. Mackey, was North Carolina. As in the lower court, it was held by Judge
elected this week a director of the first-named company, and
Bradley tliat the State of North Carolina was a necessary party
also its President. Mr. H. H. Porter, the retiring President,
to the case, and as under the Eleventh Amendment to the Conwas made Chairman of the Board. This action is supposed to
without its consent, the court

—

point towards a consolidation of the properties.
Detroit Bay City & Alpena.—The following statement
for the year ending December 31:

stitution a State cannot be sued
had no jurisdiction of the case.

is

1889.

Qro8« earninii^
OperatlDf? expenses

$458 i88
297,856

$487,209
290,791

NeteaniineB
Fixed charges

$160,432
150,000

$196,418
150,000

$10,432

$46,418

Surplus

Cleveland Cincinnati Chicago & St. Lonis.—The earnings,
expenses and charges for the month of December and the six
months ending December 31 compared with the previous year,
,

were as

follows:

Dteember

,

NetearningB

.

1889.

188?.

Gross earn'D«-r
Operating expenses..

.

Juli/ 1 to Dee. 31.

1888.

1889.

$992,288 $1,062,416 $6,043,976 $6,536,429
3,917,900
4,213,245
649,004
686,202

$343,284
240,128

$376,214
244,491

The State of North Carolina subscribed for $1,066,600 of the
North Carolina Railroad Company, and
stock of the Atlantic
issued bonds to pay for the stock, and pledged the stock and
any dividends that might be declared on it for the payment of
interest on the bonds. The stock did not pass to the bondholders, but remained in the possession of the State Treasurer,
and the State was represented at the stockholders' meeting by
a proxy. No interest having been paid since 1868, the plaintiii,
who holds ten of these State lx)nds, sought to have the bonds
declared a lien on the stock, and to have the stock sold. The
State Treasurer was joined in the action, and in his answer set
up that the stock was in possession of the State, that the State
could not be sued without its consent, and that no such consent had been given. This was the view taken by Judge Bradley, who holds that " the State of North Carolma is the only
party really concerned," and decides against the plaintiff.

&

1888.

—

$2,126,076 $2,323,184
1,459,023
1,438,917

Pittsburg & Lake Erie. At Pittsburg, Jan. 28, the annual
meeting of the Pittsburg & Lake Erie Railroad Company was
$864,161 held, and the officers and directors elected for the ensuing
$687,159
$103,156 $131,723
Net Income
The balance for tVie six months of 1889 over 2^ per cent on year. The election of officers for the Pittsburg McKeesport
preferred and 1}^ per cent on common stock was $306,661.
& Youghiogheny Railroad was held at the same time. These
Comstock Tnnnel. Certain vacancies in the Board of roads are under VanderbUt control. The reports and financial
Trustees of the Comstock Tunnel Company having been filled statements showed gross eamingF of the two roads to be
a few days ago, it is now constituted as follows: Herman $3,351,895 operating expenses and taxes, $2,404,404 net earnStursberg, Theodore Sutro, Otto Lowengard, E. Dyer and ings, $847,490 increase in gross earnings, $464,688, or 16.67
Eugene Seligman, of New York; Herman Zadig of San Fran- per cent.
cisco and Edward W. Kinsley of Boston. The officers of the
Company (Natnral Gas).—The statement for
company are: Theodore Sutro, President; Eugene Seligman, thePhiladelphia
year ending December 31, 1889, is as follows:
Vice-Presidentj H. H. Thayer, Secretary and treasurer, and
$3,122,717
GroBB earnings
C. C. Thomas, General Superintendent.
Ex]}endiiu res—
Fltchbnrg. At Boston, January 28, the annual meeting of Operaiirg expenses, 'rppairs and maintenance, rent of lands,
737,478
wer8,ete
the Fitchburg Railroad was held, and it was voted to change
156,071
Nlw wells ard new pipe lines, (charged to expenses)
the date of the annual meeting to the last Wednesday in Sep- Eenial paid ChartierB Valley Gas Co., Penna. Natural Gas
614,805
tember, and to authorize the directors to issue an amount of
Co., and other leased companies
bonds not exceeding $1,000,000 to pay off the floating debt.
$1,508,355
Total expenses
The ticket for directors was the same as last year, with the
Int;.,taxes,rentals,&o

—

;

;

;

—

."

exception of the substitution of Henry S. Marcy in place of
E. B. Phillips, resigned. H. S. Marcy was elected President.
Inter-State Railway Association. It is announced that the

—

$1,614,361
Net earnings for the year
Dividends paid (4 monthly at 12 per cent and 2 quarterly at
600,000
8 ler cent per annum)

Surplus after pajing dividends
and Chicago & Northwestern railroad companies have formally withdrawn from the Inter-State A mount expended on extension of
capital accmnt)
Railway Association, this action being foreed upon them by Amount expended for meters, etc
the decision of Chairman Walker that their combination is in
some particulars in violation of the agreement made among

Union

$1,014,361

Pacific

the Association roads.
This action has been expected for
some time; but Chairman Walker thinks the situation is not
such that it need alarm the members of the Association. As
a part of a plan to hold the Association together, he has issued
a formal notice of a meeting of that body to be held on February 11 to consider the notice of withdrawal sent to Mr.
Walker by the retiring roads. It is supposed also that compromises and amendments may Ije adopted which will keep
the Association intact.

&

—

Nashville. The directors of the Louisville &
Nashville Railroad Company have decided to issue the $13,000,000 stock authorized at the last annual meeting for the purpose of redeeming the 6 per cent trust bonds and other interestrbearing obligations, and to offer the new stock to the shareholders at 85 per cent. The entire success of the plan, by the
taldng of all the stock, has been guaranteed by a syndicate
represented by Messrs. Kuhn, Loeb & Co. of New York
,

—

*S667,677
$346,683

expenditures

Company.
Comparison

icilh the

Tear 1888
1888

1889

$2,.'S23,S29

Gross earnings
Gross expenses

1.508,7e8

$3,122,717
1,508.355

$955,040 $1,614,361
Dec. 31, '88. Dec. 31, '89.
$2,083,429 *1. 695,414
B84,896
1.152,268

Net earnings
Total debt
Le 6 available assets

that amount.
Louiiiville

all

436,043
231,633

-

•This amount does not iDclude$229,117paid dHrin«lg!-9 for balance
of the cost of the WcstiiigLouse btii ding, wlilcb, togctlierwith amounts
previouely paid, has been applied to the redudiou of the Uoatiug debt,
ou account of the sale of the building to the 'NVestinghouBe Air Brake

Miami.— Stockholders

of Little Miami Railroad voted
yesterday to approve the action of the directors in increasing
the capital stock $3,000,000 and issuing 7)^ per cent bonds to

Little

BarplUB after

36-inch line, (charged to

$l,19i,532

Net debt

Rome Watertown & Ogdensbnrg.—The report for
ter

Sj43,146
the quar-

ending Dec. 31 shows as follows:
888.

1880.

$880,947
481,600

$978,652
513,y48

Inc.
Inc.

$97,705
31,748

$399,347
26 .203

$405,304
258,945

Inc.

$65,957

Dec.

3,259

J

Earnings.. ...............

Interest

and taxes

:

Ernest Cassel, London, and Wertheim & Gompertz, Amsterdam, and including in New York, among others, August Belmont & Co., L. von Hoffman & Co., Speyer & Co., and J. D.
Probst & Co., and in London, the Rothschilds, R. Raphael &
Sons and Speyer Brothers. The negotiation of this increased
stock results in a saving of $600,000 per annum in fixed
charges, being interest on trust bonds, and a further reduction

Inc. $69,215
$206,359
$137,144
Surplus
St. Louis Fort Scolt & Wicliita— Tlissouri Pacific— At
Wichita, about three
the sale of the St. Louis Fort Scott
years ago, some requirements of the State laws were not
carried out; to perfect the title application was made for a
re-sale of the road, and the United States Cirruit Court has
ordered the road to be sold on February 3. The bonds of the

&

Februaey

I,

It 90.

THE CHKONICLE

aro held by the Uaion Truat Company as part of the
security for the 5 per cent collateral truat Donds or the Missouri Pacific. The road has some 400 miles in operation ta
Kansas, extending from Fort Scott to Ellsworth and Eldorado

company

Bond Parchase'.—The Secretary of the Treasury has
issued a second call on the National Bank depositaries for the
reduction of the public balances held by them to be paid on or
before March 1. The caU is for about the same amount as the
U.

S.

call, except that banks having but small amounts to
transfer have peen asked for the full amount, in order to
close out the transaction with this call.
The Secretary,
although he has suspended the purchase of 4 per cent bonds,
will, in order to facilitate the settlement of the accounts of
banks surrendering deposits under this call, purchase from
these banks United States 4 per cents at 184, if offered by the
banks named on or before Feb. 20. The number of banks
affected by this call is eighty.
first

—

&

Spencer Trask
Co. offer by subscription at $75 per share
20,000 shares of full-paid capital stock of the North American
Phonograph Company, par value $100. The subscription books
will open on Feb. 5 and close on Feb. 8 at noon, or earlier, and
the right is reserved to reject any subscriptions and reduce the
allotment if over-subscribed. The company's capital is 66,000
shares, all originally issued for patent rights. Sub-companies
established by the parent company in various States have placed
6,275 machines in six months, which are estimated to grant a
profit of $30 each.
They have further acquired the exclusive
agency for a period of fifteen years of the American Grapho-

phone Company, thus avoiding all patent litigation. Tlie company has already paid a dividend of 3 per cent.
It holds
$1,400,000 par value of stock of local companies, and $4,100,000

Q^ommtvdixl gimes.

"^ht

COMMERCIAL EPITOME.

Kiowa.

to

176

Friday NiaHT, January 31, 1880.
Trade on the whole has continued to move as for some time
past.
Legitimate transactions are not only on a relativelymoderate scale, but speculation as a rule is dormant. Cotton
is still an exception in this respect, the speculative
market
having recently broadened very perceptibly, while the option
trading in wheat has latterly increased somewhat. The iron
trade has been dull, with prices less firm, but fairly wellmaintained. The failure of the Sixth National Bank tended
somewhat to unsettle affairs, but only temporarily, as the disaster was not due to ordinary operations of business.
Money
has been easier.
Lard has been declining, -with only moderate transactions,
closing dull and weak. Western on the spot was quoted at
6-20c. and city at 5-70c.; refined for the Continent 6(36-60c.
and for Sou*h America 7c.
DAILT OLORIHa PRICES OF LAUD rOTCIUCB.
February delivery
M»roli rtellvery

o.
c.
o.
o.

Haydellverv
July delivery

Sal.

Mon.

Tue».

Wed.

6-22
6-30
6'42
6-56

6-22
6-32
6-43
6-56

6-21
6-30
6-42
6-55

6-19
6-28
6-40
6-53

Thur.
6-18
6-24
6-35
6-50

Frt
6'15
6*2a
6*84
6'47

Pork has been quiet and easier, closing weak, with old mesg
$10® 10 50, new mess at $10 50® 11 2.5, and extra prime at
additional of these subsidiary stocks are held in trust, to be $9 50® 10 25. Cut meats have been in moderate demand and
delivered to it in five years; it also has a surplus of $625,000.
steady.' Pickled beUies have sold at 51^@5J8C. for 10 to 12
Messrs. Kuhn, Loeb & Co. will receive subscriptions on pounds average do. hams at
8®8J^c. and do. shoulders at 4®
Feb. 4 at 94>^ and accrued interest for $5,000,000 Norfolk &
Western R. R. Co. 5 per cent gold mortgage bonds, due 4%c. Smoked hams are quoted at 9J^@9J^c. and do. shoulders
Beef has been weak, with extra mess $6® 6 50;
1990, secured by mortgage giving a first lien upon the com- at4%®5c.
pany's terminals at Lambert's Point and Norfolk, formerly packet, $7® 7 50 and extra India $12 50® 14.
The market
the property of the Norfolk Terminal Co., on the Ohio and the closed duU.Beef hams have
been quiet and about steady at $12 @
North Carolina extensions as constructed, and being a consolidated mortgage upon the entire existing system. The Nor- 12 50. Tallow has dechned, selling at 4 3-16® 4 l-4c. Stearinehas
folk & Western Co. is paying dividends at rate of 3 per cent been quoted at QJic for Western and city. Oleomargarine
per annum upon its preferred capital stock of f 22,000,000. still 5 5-16® 5%c. Butter has been firmer for the best and
The subscriptions are subject to reduction in the allotment. A Elgin creamery extras closed at 28i^c., but
stock which has
simultaneous issue is made in London, Amsterdam, Boston,
Philadelphia and Baltimore, thus securing for the bonds a been held some time has been freely offered. Cheese has been
in moderate demand, closing barely steady at 10® lOJ^c. for
wide international market.
The Atlantic Mutual Insurance Co. has issued its usual full cream State factory.
annual statement. The old Atlantic heads the list of marine
Coffee has been less active at declining prices. Rio Excompanies in the United States, and holds its own despite all change has fallen, it is stated,
to 23Jgd., and there has been a
storms. A dividend of 40 per cent in scrip is declared on the
net earnings for the year ending Dec. 31, 1889, and the certifi- disposition in view of large receipts at Rio and Santos to incates of 1885 will be paid off on and after Feb. 4. Under the crease the estimates of the next Brazilian crop. To-day an
management of Mr. John D. Jones, President, W. H. H. estimate from Santos makes the current crop in that district
Moore and A. A. Raven, Second Vice-Presidents, and J. H. 2,000,000 bags, while the next Brazilian crop is in some cases
Chapman, Secretary, the Atlantic continues to flourish as one estimated at fully 6,000,000 bags. There has been some sellof the financial institutions in which New Yorkers have the ing of options here by Western jobbers and others, and regreatest confidence. So regular have been the annual divi- cent firm offers made from here to Rio Janeh-o houses have
dends that merchants rely upon them as part of their annual been accepted. The decline in exchange there is attributed
here to monetary stringency ra'^her thau to political compliincome.
The Union Mutual Life Insurance Co. of Portland, Me., cations. The warehouse deliveries at American markets have
has issued its annual report. Those interested in it would do latterly been liberal, in part for account of interior dealers imwell to send to the company for a copy of this report, which porting direct. To-day the market was 5 to 10 points lower,
making a net decline for the week of 30 to 40 points, while
is very fuU, and contains some wise suggestions on the sub" spot" Rio closed dull, and J^c. to J^c. lower at 17c. for No.
ject of life insurance.
The company is able to report as the
result of the year's business an increase in surplus, income, 7, 1,000 bags selling at that price. Options closed with bids
as follows
policies and insurance in force.
February
15-65o. May
15-550. August
15-50O,
The Penn Mutual Life Insurance Company of Philadel- March
15-55e. June
15-55c. September
16-50o.
phia has issued its 42d annual statement.
It may be found in
April
15-550. July
15'50o. October
15-500.
the advertising columns of to-day's Chronicle. The company
Raw sugar has been quiet and closed easier at 5 3-16c. for
show vigorous life. During the last year it issued 6,786 new fair refining and of^c. for 96 test centrifugal. Refined sugar
policies, for $18,341,805 insurance.
Its income was about has been dull and closed weak at 73^c. for cut loaf
and
14,000,000, and about half of this was paid to policy-holders.
crushed and Gfic for powdered. The tea sale went off at
Messrs. Latham, Alexander & Co., the old and favorably- firm prices.
known cotton commission house, present their card in this
Kentucky tobacco has been quiet and steady, with sales for
week's issue of the Chronicle. "This is one of the most en- the week of 250 hhds., of which 150 for export. Seed leaf has
terprising firms in the cotton business, and their attention to been steady, with comparatively small transactions however.
facts and statistics has been a notable point in their methods The sales have embraced 100 cases, crop 1888, New England
of giving attention to correspondents.
Havana. 14@40c.; llO cases, crop 1888, State Havana, 12J^@
—Cram's Standard Atlas of the World, 1890 edition, is just 14c.; 100 cases, crop 1888, Pennsylvania Havana, 13® 14c.; 150
issued and is now being delivered to subscribers.
Com- cases, crop 1888, Wisconsin Havana, 10® 12c. 150 cases, crop
plete maps of the West Indies and Central and South America 1888, Ohio, 8}^@10c.; 150 cases sundries, 6@30c.; also, 650
on a large scale have been added. This Atlas may be had from bales Havana, 64c.@$l 15, and 250 bales Sumatra, 95c.@2 15.
Spirits turpentine has been more active at an advance, closM. Goldthwaite, 107 Nassau Street.
—The January, 1890, edition of "Roman's Bankers' Almanac ing at 43 J^® 44c. Rosin has been dull at §1 20@§1 22«^^ for
and Legal Directory" has just been issued. The semi-annual common to good strained. Refined petroleum has remained
appearance of this manual is always welcome, the compila- at 7i^c. in barrels and 9-70c. in cases; naphtha 8-lOc. and
crude in barrels 7-75c. Hops have been moderately active and
tions therein contained being invaluable for ready reference
steady. Wool has been dull and generally imchanged.
to bankers, merchants, editors, &c.
Ou the Metal Exchange tin has been more active, and closed
Messrs. Coffin & Stanton offer in oiir columns to-day strong. February tin sold to-day at 21"30c., and "prompt ship$131,000 refunding 4 per cent and i}4 per cent bonds of ment" at 31-30(a21-35c. Iron and copper have been dull, lead
Yankton County, South Dakota. They give aU the necessary quiet, and spelter nominal. On the spot. Lake Superior copper
particulars for the information of investors.
has been quiet at 14%c.
Arizona at 13J^@13?^c., and casting
City of Anniston, Ala., 6 per cent bonds, interest payable brands at 13 a ISJ^c. No. 1 Foimdry pig iron has been rather
in New York, are offered by Messrs. Fisher & Shaw, Balti- depressed at $19 50® $20, Steel rails have been firm, but quiet,
at

—

;

—

—

—
:

—

I

|

I

I

—

;

—

—

more.

;

See advertisement.

at $35@$36,

THE CHRONICLE.

176

COTT ON.
Feiday. p. M.. January 31. 1890.
as indicated by our telegrams
from the South to-night, is given below. For the week ending
this evening the total receipts have reached 159,265 bales,

The Movement of the Crop,

I

In addition to above exports, our telegrams to-night also
give us the following amounts of cotton on shipboard, not
add similar figures for
cleared, at the ports named.
New York, which are prepared for our special use by Messrs.
Lambert, 24 Beaver Street.
Carey, Yale

We

&

On

158,868 bales the previous
against 146,892 bales last
week, making the total receipts since the Ist of Sept., 1889,
4,962,425 bales, again-st 4,474,367 bales for the same period of
1888-9, showing an increase since Sept. 1, 1889, of 488,058 bales.

week and

2,733

Galveston
Uiraso, &o...
ITew. Orleans..

6,916

Tae*.

Wed.

2,539

3,749

Thurt.

6,668 11,308 11,116 12,901
598 1,146
613 3,509

UpbUe
Florida
Savannali
Bransw'h, &0.
Charleston
PortRoyoI,&c

Wilmington

Jfon.

Sat.

Jteeeiptsai—

267

222
839

2,963

3,682
4,1 S7

734

917

599

517

1,104

840

2,175
1,757

2,000
1,593

1,612
2,454

1,433
1,422

1,867

713
504

491

276

775
267

909
396

559

313

963

347

930

790

869

1,744
1,326

917

774

1,011

171
7,381

N'wp'tN'3,&c.

Saw

York

Boston
Baltimore
Pljlladclpli'a,&c
.

Tot»lfl this week

40
4,112

173
10,054
9,839
1,326
4.579
2,625
7,384
3,902

18,716 29,7111 26,012 25.9951 17,916 40,915 159.265

1888-89.

1889-90.

ThU

Jan. 31.

Week.

mtue Sep.
1,

«<.««!.

Thii Since Sep.
Week. 1, 1888.

1889.

18,265 758,085 10,465 564,547
12,017
14,244
1,847
2,047
NawOileans. 61,323 1,660,414 45,344 1,387,307
9,582 179,410
6,355 219,584
UoUle
21,634
19,682
639
1,392
Florida
Bavannali. .. 17,692 836,483 15,626 713,323
96,178
4,187 142,937
7,836
Bruns., &c.
4,523 296,038
7,973 330,695
Charleston
40
1,768
12,920
878
P.Koyal,&o
4,112 125,262
1,'543
140,674
Wilmington
173
3,669
115
4,16S
WasU'tn,&e
10,051 346,910 12,689 419,898
Norfolk
9,839 279,271
8,944 317,461
West Point.
41,315 11,967
1,326
80,088
NwptN.,&c
70,472
60,644
New York. .. 4,579
6,488
2,625
46,479
54,849
7,498
Boston
54,056
3,915
48,119
Baltimore. ..
7,384
43,804
1,152
3,902
32,368
Phll'dera.itc

ealreston

1889.

1890.

. .

50,995

49,349

280,688
22,535

375,473
43,739

61,016

73,779

ElPaso,<Sic.

159,265

Totals

4.9rt2,4-^5

1,037

1

155,354 4,474,367

31,842

47,626

16,554

7,447

47,679

48,241

4,868
132,062
10,560
6,125
10,666

17,391
233,654
12.500
16.445
13,600

695,567

939.294

In order that comparison may be made with other years,
give below the totals at leadiag ports for six seasons.
Bteeiptsat•Galv'ston,&c
Kew Orleans
:U0l»Ue....

^vannah.
Charl'ot'n,&c

Wllm'gt'n,ic
NortAlk...

WtPoint, &c
Allotbers.

1890.

1888.

1889.

20,312
61,323
6,355
17,692
4,563
4,285
10,054
11,165
23,516

Totthlsweek 159,265

12,312
45,344
9,68

15,626
8,851
1,758
12,689
20,911
28,281

155,354

1887.

7,217
34,493
5,036
14,347
8,026
2,364
6,470
8,722
11,993

98,668

1885.

1886.

12,260
48,714
3,114
13,293
7,107
1,278
13,265
14,417
17,305

130,753

11,481
50,879
6,289
14,715
7,654
2,380
14,376
4,692
9,952

122,418

7,583
37,353
7,139
10,504
7,318
1,194
7,391
3,676
7,627

89,785

The exports for the week ending this evening reach a total
pf 91,416 bales, of which 53,750 were to Great Britain, 5,518
to-Prance and 33,148 to the rest of the Continent. Below are
the exports for the week, and since September 1, 1889.
From

31.

Sept. 1, 1889, to

Expnrttd to—

Exported

Great
OuntU Total
f:reat
Brifn. '^^'X* TKTit. Week. BrUain. ^''ana

Oalreaton

Hew

2,«73

Orleans.

31,723

4,7Sa

Mobile
SftTannah

16,782

2,273
62,188

6,783

•,733

Brunswick

6,407

Charleston ....
Wilmington...
Norfolk

2,800

Weat

Point....

(f'portNwB.

i,io:

l,lli7

2,651

2,651

&o
C»-7

1.425

11.107

Boston

1,913

186

020
872

8,993

BslUmore...
PhUadeIp'a,&c
.Total
Total, 1888-89..

273.i81 34.659
626.429 303,801
44.789
143,2<8 30,326
83,595
44.0.8 24,244

71,826
165.931
lS6,U«i

Jan.

to

—

61,750

B.618

803W

10,089

83,148

700

Garlveston

14,980
25,000
6,800
13,000

Norfolk

New York
Other ports
Total 1889...
Total 1888..
Total 1887..

uincr
Other

O'lOntr
v"i»»«-

Foreitn>

teiee.

650

None.

61.230
None.

9C0

(i,900

4,300

228,458
22.535
24,942
49,016
23,875
17,679
117,012
42,750

None.

11.5 -'8
5,000

7,600
4,000

None.
None.

12,000
28,120
30,000
15.050
17,000

1,612

None.

Slock.

1.209

33.065
None.
6.000
7,000

3,519

None.
None.
None.
None.
None.

Tmrl
^<""

83,017

4,169

60,177

22,937

170.300

525,267

93,970
61,638

11.810
19,132

39.645
40,881

28,514
19,083

173,939
140,734

765,355
801,978

I

The speculation in cotton for future delivery at this market,
while not so active as last week,has nevertheless reached large
proportions, with frequent fluctuations, and at times higher
prices, though closing at a slight net decUne for the week. On
Saturday there was a rise of 15 to 17 pointy owLug to an advance in Liverpool, with firm or higher Southern markets and
receipts at the ports of only 19,316 bales. The sales in room
hours were 113,400 bales. On Monday there was a decline,
owing to some unexpected depression in Liverpool, an increase
in the receipts at the ports, which were 30,784 bales, against
24,360 bales on the same date last year, and liberal sales to
further
realize both for domestic and foreign account.
decline look place on Tuesday, with prices again lower in Liverpool, the Southern spot markets less active, options at
Orleans lower, and receipts at the ports of 28.401 bales, while
there were indications of "long" liquidation, partly for Liverpool account. On Wednesday there was a slight decline,
owing to a rather weaker closing at Liverpool, libered receipts
at the ports, and further reahzing, together with weaker spot
markets at the South and a decline in spot cotton here, whue,
as on other days, there was more or less short selling to catch
stop orders." On Thursday there was an early decline, but the
receipts at the ports decreased and the loss was recovered,
prices making a net advance of 7 to 11 points in the face of a
decline in Liverpool and lower Southern markets. There was
heavy buying here, moreover, for Liverpool and New Orleans
account. To-day there was a decline of 6 to 8 points, owing
partly to disappointing advices from Liverpool, but more particularly because of unexpectedly large receipts at the ports
Orleans alone being
and interior towns, the arrivals at
13,792 bales, while the transactions here fell ofiE noticeably.

A

New

^ent.
114,975
S(-<6S5

27,619

?,099

122.9! 8

28.8.1M

100.8I'4

81,759
20,609

197.710

88,013
!:9,493

413.825
80.784
«5..M3

1,IS06

18,845

115,704

8,619

31,558

1,300

372

17,289

91,416 2,033,718 421,8811,137,935 8,593.634

36,355 968.834' 1.808.963 £88.826^

925!63 18.023,480

—

—

—

UPLANDS.
Ordinary
Strict Ordinary
Good Ordinary
Strict Good Ordinary.
Low Middling
Strict

!)a.t.

.¥lb.

8I4
81'16
99|6

8>.6
8=8
91s

ir-" 10

10

Low Middling...

Fair

GULF.

858

107,8

91618
107,8

10%

10%

1016,« lOlSift

11

'16 111,8
1138
11%
ll'»16 1113,,
12*16 12»i«

non Tne» Wed Tb.

Sat.
.Vlb.

FrI.

I

8=8
OS!

9i"]f

1012
107,6
10»9
10 »2
101»16 10is,a 10 "is 10%
lOi^ip
11
Ua,8
IIJ4 11>4
11>4
11M8 ll'is ini« 11%
11''9
11^8
lllSl.
ll's
12'i,«
123? 1238 1238

Middling Fair

Strict

8I4
8'iie

8'-iie

Middling

Ordinary
Strict Ordinary
Good Ordinary
Strict Good Ordinary.
Low Middling

inon Tnea IVed Tb.

8I4

93,6

GoodMiddUnK
Strict Good Middling.

87.
819
8^
81a
816,6 816,6 8 .5,6 8^8
913,8 913,6 918,6 9%
IOI4
1014
1014
10*, 6

Frl.

87,6

87,6
878

9%

9%

101,6 103,8

10%

lon,f 10il,t 10U,e
11
111,8 ll'ie 11'16 11

Low Middling..

10%

10%

III4

im

1114
11 12 Ills
1111,6 1111,6 1111,6
l2ie 1218
12%
1258 1268 1258

Middling
Good Middling
Strict Good Middling.
Middling Fair

11»18
ll'ie
1158
121,6
129,6

ll'ie
ll'ie
1168 1168
121,6 121,8
12»,6 12»,8

Mod Tnea Wed

Tb. Frl.

lllfl

air.

STAINED.

Sat.

^Vb.

Middling.!

,314,915

14,2»7
137.495

1,785

Spot cotton has been quiet and 1-llc. lower. To-day the
market was quiet and unchanged. Middling uplands, 10 15-16c.
The total sales for forward delivery for the week are 870,900
For immediate delivery the total sales foot up this week
bales.
4,301 bales, including 2,284 for export, 2,017 for consumption,
bales
in transit. Of the above
for speculation, and
were to arrive. The following are the official quotations for
each day of the past week—January 25 to January 31.

Total.

l»,a:6

293.263
78.909

New

Good Ordinary..

41,789
457 813
97,883
205,759

284,288

'

81, 1890

ContU

19,87(1

New York...

Savannah

we

BlBceBept. 1.14962,425 4474 , 367 4583,627 4486,382 4235,664 4216,777

Weth Ending Jan,

22,537
None.
None.

vi-„„.,
"^"^^

'

.

r-

bhipboartt, not cleared —fin-

Leavina
areai
BrUain.

STew Orleans...
.WoW.e
Charleston ....

839

For comparison we give the following table showing the
week's total receipts, the total since September 1. 1889, and
tile stock to-night, com;:'ared with last year.
BeeHpUto

Jan. 31, at—

17,692
4,187
4,523

501
40
745
173
967

622

30'

West Point...

1,854

18.265
2,047
61,323
6,355

1,531
2,047
5,538 13,792
1,797

1,199

650

....

Wa«ta'gton,&c
JTortolk

4,549

2,507

2,137

ToUU.

Fri.

Vol. L.

8%

8%
8%

8%
8%

81,8
81,6
811,6 811,6 811,8
8%
968
968
9'l,e 9'lip 91 If 938
lOis
lOia
107,6 107,6 107,8
lOHi

MARKET AND

SALES.

SALES OP SPOT AND TRANSIT.

SPOT MAEKEI
CLOSED.

2,284

Strong
Mon. Steady

Sat.

Export.
aorl.

.

lib dec..

rhnr. Steady
Fri.

Total

Quiet

2,284

Spec- Transit.

_

.

,
'"""•

lyiiv-

Sale*.

"63
165
426

3,413 111,400
234,161,400
176,900
63 160,200
165 152,300
426 108,700

2,017

4.301 870,900

1,129

234

rues. Dull

Wed. Dull at

Con-

sump, ul'fn

eries.

The daily deliveries given above are actaally delivered the ds»
previous to that on •which they are reported

pebbuaht

'UHE CHRONICLE.

muo.j

1,

The Sales and Prices op Futures

The Visible Supply of Cotton to-night, as made up by cabl«

shown by tka

are

177

as follows. The Continental stockH, ax well as
Britain and the afloat are this week's return*,
and consequfcii >' all the European figures are brought dovrn
But to make the totals the complete
to Thursday e^t ing.
figures for to-nifci
'an. 31), we add the item of exports from'ling in it the exports of Friday only.
tlie United States, in.

and telegraph,

following comprehensive table:

those for Gr<

is

.-

'

'

II

.

?:

'•OOP

r

3:
t3

—

2:

'

!

1

SrP

IF?

^.

w

3: P
B ^

GO

g:
g

•

B

I

V

;

I

o
ODccMEd

2.o:ao
W M IC (*

fs'I

»i»

I

2

£

QDOO

e.":

tree

e-

Br:

I

coo

s

»oo

2
^

ob\jo

2

sr:
M — COM

0000 0000
1^

00

5

'P

ojj

2

si":

2
M MKt^
icto

«!.":

MMWM CmOO

ei.";

I

>

i-mCom

CO
»o:
I

2

ey:

MMlf^M

CmOM MMOO
«

^0*

(*.QOto

MM b.
MO 5
2

d(o
I

[^

tc-i

2

6m°c
[,

S

CO_2

I

I

!?

MM
CM

2
^

e.-^:

»
CO
MMIC*^
I

66
C%l(-IO

ST

2

:

I

ut

w®o

t

®
d ft
M

MM
CO

K

»iM
I

cJt

5
2

eori^ii

5 *^^
2
OOWM"^
e?:

MMCO"*
».":

I

tolO

©©

<

£

tatb

81.'-':

I

I

I

CO-1

00
MM
O*-

<B

5
2

o

<
2

Total East India,
Total American

o>r:

:

300
900

98,000
8,000
29,000
5,000
7,000

184.000
2.000
46,000
4,000
4,000

225,000

181,600

312,000

339,600

700
.•),000

41,000
6,000
9,000

2

6i».^,5P7

263,374
14,678

Oi

ION)

2

Mh-

^
^^ ^

680,000
240,000
619,000
922,643
802,128
24.000

18.^,000
4<i0,000

042,712
343,.525

5.192

2,589,619 2,364,396 2,509,429 2,787,771

—

205,000
15,000
76.600
113,000
24,000

&c

131,000
6.000
46,000
146,000
52,000

185,000
28.000
127,000
80,000
41,000

197,000
12,000
99.500
147,000
31,000

433.600 381,600 461.000 486,600
2,589,619 2,364,396 2,509,129 2,787,771

At THE Interior To-wns

the

movement—that is

the receipts
the shipments for the
week and the stocks to-night, and the same items for the
corresponding period of 1888-89 is set out in detail in the
following statement.

UOim"'

week, and since September

for the

M^I^M

tJIX

573,000

The imports into Continental ports this week have been
113,000 bales.
The above figures indicate an increase in the cotton in sight
to-night of 377,233 bales as compared with the same data
of 18S9, an increase of 58,790 bales as compared with the
con-esponding date of 1888 and a decrease of 351,052 bales
as compared with 1887.

as.'':

MM ^ MM
f"
WtO

554,000
135,000
391.000
937,204
338,739
6,363

E^

>

OMM

MMOM

(P»W

872,600 1,098.000 1,-^28,500
146,000
80,000 147,000
391,000 460.000 619,000
52.000
41,000
31,000
930.294 942.712 922,648
338.739 343,525 802,128
6,363
5,192
24.000

Total vlHlble supply
3,023.!4l9 2,745.996 2,870,429 3,274,271
Price Mid. Upl., Liverpool....
Oij.d.
5»sd.
e^sd.
'>-idd.
0iR)>,o.
Price Mid. Upl., New York
lOi&itC.
lOHuC
9>ao.

lOW^tg

1,

—

b.
•?

§ Q^

£
'^

0--5:

MMXM
MMOM
ww®co COCO^CO
00
00 M
'M
00
00 5
IJ
I

to

te-

ct6

:

I

99
tow
eo

2

MM

•?

£
"^

a OS
cou
yiCO

2
"

I

M «V
MO
®

M#fc
WM_M
i "Is o« K ffi ;;» 05 ac
o **<» c: cc o>
ccog:x4i«0)u.tcK--. if^^ «*> ^ co c

OCrCClMrfkQD
o

M

pf*

Cfrsf-^gcccn-JOicocot^ocoDOMi-w

•-J*'' 00 -J

£
"^

MM

«tCO»^

cirf»-cpc<csc»
10

»•;

(pfc

tffc

QDUl ' itooM'bc!'QDa''w^bD*».cccii

M cc <i M

iCCM M*- M<loaotM*-ooc^<Do:ooj:
COOS a: 00 <i Qi to 00 to OS to -si

yto MM M

00

COCnOlCK!'

ta

;

CD

a ic <i w —

Mo

iF^

m5

0""

:s

M

MCO

o

:

I

w

MOT

IJ

in:
e)
s
MMJOM MMi^kM M MM
OS© ©000 c©2o CXOO o 00
o MM^M fciM^M MM^M til =>M
*m M-1 ca
©
«:

t>

I

!5

I

t-M

r^
KM

ei--:
WM MM<|M
— tOM
©000 MCCOO
29
°to io>o°ti cocoOcc

Ui

MM|;.M

300
500

:

99.

to

737,000
359,000
470.000

bales

I

M
9

203,374
14,678

afloat for Europe...

@a)
ir:
M ifcM MMMM TT.":
MM<1M
MmCIM
COO© ©00©
COO© 9 '^9
o< d - C'
-j<i*6 -i-j*6
COtO
00
OP

MM b.
MM ^ 00
00
5
MM A
MM
^
COi^
X05 ^
«i

g

mKJ^M

j>

ooco

1

!>,

I

CD

1*2,000

880,040
2.700
21,900
30,000
300

3,023,219 2,745,906 2.970,429 3,274,271

Total American
SoMi lin/iuji, MruzU, <te.
Liverpool stock
London stock
Continental stocks
india afloat for Europe
Egypt, Brazil, Ac., afloat

0_ OCO

aiM.^

OCn

I

p-M

I

_CC

>.

OS

COtQ

"^

f^
I

C95,.'.67

United States stock
United States interior stocks..
United States exports to-day.

MOM

MM ^

C-.K)

r^

Liverpool stock
Coutlnontal stocks

Ml(iM

OKI

MMOI-

t^^^

I

Total visible supply

fs)."':

„

M-OM
MMOM
HMCM h-MyiM
M-OM MMWM
MK®ti
MM*M 10*- CO MtC=M
om
to o
©
MM ^
00
5
9| ^
ao 2
-JO "
M3S

OOOD OOCO

oja

s'w:

t>

6 MMOr
coo

1887.
877,000-

Of the above, tae totals of American and other descriptions are as follow*:

American

•^o

^^
»
MM
OiWmI

»,":

2
to;

00=0
^i»o
MM ^

h'^^

If*-

9o

I

I

M

470,000
24.000

.

MMoj"'

Sir:

a":
wi':
MMJiM MMCDM

MSSM

435.U0O

Egyt)t,Brazll.*c.,afltforE'r'pe

MM ^ MM
MM
MM 25 ttM

MM-IM MMWMM-J>OM mmc
MMOM
mCM

I

Total Continental stocks

Stock in United States ports
Stock in U. S. Interior towns.
United States eyports to-day.

1

I

2
^

MXtO"*

786,000
4,600
43,300
23,000

Amer.oott'n afloat for Europe.

MMWM
MmOM
MmCM MMOM MMXM
OmOo «3Ci
MtO^ti
o

if-

oP:

691,000
2,800
11,000
22,000

ODifr

a*:M

t-

Total Great Britain stock. 1,007,000
Stock at Hamburg
2,300
Stock atliremen
142,000
Stock at Amsterdam
6,000
Stock at Rotterdam
300
Stock at Antwerp
6,000
Stock at Havre
161,000
Stock at Marseilles
3.000
Stock at liarcelona
90,000
Stock at Genoa
10.000
Stock at Trieste
12,000

Total European stocks.. .. 1,442,600
India cotton anoat for Europe
1 1 3,000

MmCM MMOCM
MMOM
mm06
to

ST

05 MMOM
O
,j,Om
MX
MM >. MM tk
MM 5
I

2

MM p. -M
CO W^2

*-:

MO
005

MMt»M
I

1

him;;'

s

CO

t&'M

M
— K.M
MMOM
Cm
m »i^oa
<»C^
M
MM ^ MM (»
MMSilM

M

r-^WM
M-5jM
MMoM
c-oo
en (^ O eo
do'^o mmOm

at*:

00 »J
MM
>
r.
MM

^^
00

sr:

MMO'^
MmOq S2S

MMOf-

T-f

15^

1888.

758,000
28,000

CnCff

1*^

MM
©o

OS

>0
to>

<od-6
jcq

Mr-

o

».«:

OCOO

MM
I

8ft

1

toto^o
MPS

tDCD

£
"^

MMUOM MMfflM
M-OM Mm'^m

tDW__<S_

1

er:

I

1

I

00

00
woo

"'

-J

-*-:

=i*:

I

MM
00 ^ OS ^ 00 ^
!^
QOQO
£ CCQO 2 6 a 2 00
—
a.

>

1880.

685,000
6,000

buiis

»l«:

MM-JM
oo^to
ODO*
O C<M 00
Mm w_ oo'^o
I

h-'t-'ifa.'-'

r-"M

2

"^

eii^:

mm;dm
COOO ocoo oopo
I

I

1^*

01

<?::

1800.

992,000
15,000

Stock at Liverpool
Stock at London

w
-I

b;

1

a:

«

P ? ea

cs

.

.

zayt
i^^P'T't^ ^!^
cc;to'&cQo--Jwac;«»tc^bi««xc'fP«cs
0:c:«CC0:CJ*--J0SW0rCJiC-qxCOC<JQD
«oi'XM»Qc;Vi':ccei^&:ccD-4touoc;(es

I

^
:

•si

«:
1:

I

I

wM

M

;

"bojcci- or
O'to^o:; a,

^
I

CCOIWM.

I

-si.

JOCJtMW co-q
00 01
"^Mf-M'tCO: tOCi^Vl

^S^^^^
C^J^
COD^llCOOOciiii.

w ic c M M OS c: OD p O CI OD x o c: X
c ot -^ w oo o »- a o» o ^^ C M o *C/T

cc-

tt>.

05 *»

»f^

:

I

^^

1:

I

cs
itiw

CJ1

Includes Ralesin September, 1889, for September, 147,600; September-October, for October, 010,600; September-November, for November,
636,200; September-December, for December, 357,20J.
We nave Included in the above table, and shall continue each
week to give, the average price of futures eoch day for each month. It
Will be found under each day following the abbreviation " Aver " The
average for each month for the week is also given at bottom of table.

oooeccoco

en oJ tc 4^
10
gi OS
oi CO

M

o

i-t*^

MaMM MM
V— o zcT—'h*

<)« to yt 01 w tu :;• wk Mo^-j

OOOOswcsc5c;o:wtvXXOeo3sM04»>

&Oit*OC:OlCtOCOOO;CJ*4»«OOS'M<)01r-

*

W*».

(toMWC.

X^

M<OW

co>(>^<^:?otocs
CO 05 tv GO to QCt (0

»0

MObtOif^O

Transferable Orders— Saturday, ll-05o.; Monday, ll-OOc; Tuesday,
Wednesday, lO-Ooc; Thursday, ll-OOc; Friday, lO-'jOo.

10-95C.;

<lJC00y MM;

The following exchanges have been made during the week.
•09 pd. to exeh. 1,000 Apr. for J'ne.
•2« pd. to exch. I.OOd Jan. for J'ne.
•04 iKl. to exch. 200 June for Julv.
06 pd. to exch. 700 Mch. for AprlL

I

f

y-^>^

MtOM

12 pd. t« exeh. 100 Jan. for Apill.
14 pd. to excli. 100 Jan. foi AprU.
1

WW10

CO

KM

'C)0b>tCC3C;«tO0DM'b»«MMMCOtOW<ICi0^
OSXCnQOClOOCi%>OcOCOMtOCCSOSCOO>
03^OiiO'O^-M*JM«a5'w»00i— COCCC^-

MM

M

M*^

coVito"tuvtos'*'0''iob<:

Even 500

Jan. fcir Feb.
-06 pd. to exch. 100 Me*! for Apr

Jt.

MM

-^1

tto-coa^o^Odo

CBClCsOOf CCOiCMCO^O<0!OtcloVoOO
C;*.X®t0MMOiCwT©XC;t00;OMi>;O*-J
-^CnCOCOCii--IOM»0-^0-^:D — CSMWCOM

Qto

M to CO

M

CJ»

o<csMi(>-osMcocoMCi

Is;)

t'^

*

a

ocm'^-xxccx:;!

UTCibttktvtC.
CO C^ CO *^ CJ to
*

t

1889

tiffurea

•

are lor Palestiue.

LouiMViile ju botU years

ftie

**

1

1889 AiiareA are

not."

._

§

tor Pcter.«hnrg,

TlUs vear esUmatca.

V«

THE CHRONICLE.

178

The above totals show that the old interior stocks have
decreated during the week 36,503 bales, and are to-night 75,865
bales less than at the same period last year. The receipts at
the same tawns have been 20,843 bales more than the same
week last year, and since Sept. 1 the receipts at all the towns
are 143.900 bales more than for the same time in 1888-89.
Quotations fob Middunq CJotton at Other Markets.—
In the table below we give the closing quotations of middling
cotton at Southern and other principal cotton markets for each
day of the past week:

_^

CL08W0 QUOTATIONS FOB MIDDLIMO COTTON ON —

Week eruilna
B^^on- 31.

Satur.

Oalveston
New Orleans
Mobile
Bavannah...
Cbarleston.

Wilmington.
Norfolk
Boston
Baltimore...
Phlladelpbla

Augusta

.

Memphis
8t lows

.

lO^a
10'>6

lOia
10>2
lO^e
10>2

IOOb
lOilig
10',i

lOOfl

10!>8

10»8
10»i«
lOia

10»8
10»a

10<>8

10>«
10=8
109,6

10»,g
lOia
lO^e
1059
IOI4
10»8
ll>s
11
Ills
10>s
lOSe
10».«

10%
10%

10%
10%

104

10»3

10%

10%
11%
ICa
ini

10!«l

It's
lO'e
Ills
10>3
lO^a

11>6
10''8

im

10>a

10°8

ICs
lOs

10»u

Cincinnati
LoolBvllla.

lOOg

10=8

.

Wednet.

Ttut.

Jlfon.

10%

Thun.

Fri.

lO'ig
10',«
10>9

109,,
lO^is
1014

10%

J2?
IOBb
10%

10»8

10%

10»8

101>8

im

11%

101»i«

10I4,g

107,«
109b

1038tf7i,
10»8
10»ie

11%

11%

10»„

10%
10%

10%
10%

The

closing quotations to-day (Friday) at other important
Southern markets were as follows:
lOia
10% Rome
105,
Little Kock....
Atlanta
10% Selma
10%
Columbus, Ga.l0>4-% Montgomery
lOia Slireveport
10 'la
Nashville
Columbus, Miss 10
lOij
^Eufaula
lOk Raleigh
Receipts From THE Plantations. The following table
indicates the actual movement each week from the plantations.
The figures do not include overland receipts nor Southern
consumption; they are simply a statement of the weekly
movement from the plantations of that part of the crop which
finally reaches the market through the outports.
.

—

ReMipti at the PorU. Stlt ot Interior Tovmt. Rec'pt« from PLani 'nj.

Week

887.88 1888 88 1889-90 I887-88;iS8f-89 18S9-90 1887'«3 1888-88 ISBC-eO
1

I79,02>l[273,719
480.024 406.332 I79,02>l[27
3,719
240,042 248.408
493.883J
127.229 191,560
191,960
169,308 202.924 218.640 481.804 4(S,660 417,560 13-I.2i»
145.741 159,119 130,826 4S7.202!435,566 395,470 121, T3U 146,027
105,408 149,178 158,868 423.832] 407,093 359 020 92,0^ 120,703

\>oo. »7.

Jan.
•

3..

10..

••

17..

"

84..

"

St.

90,180 177,821 146.892 398,012-389,648 3^5,070
98.168 155.354 1'9,265 379,5561 361.2.'i9 287.884

288.648
230,868
117,736

122,418
64,310 160,371 112.951
80,212 126.950 122,070

—

The above statement shows: 1. That the total receipts from
the plantations since September 1, 1889, are 5,237,865 bales; in
1888-89
3.

were

4,820,231 bales; in 1887-88

were 4,939,353

bales,

—That, although the receipts at the outports the past week

bales, the actual movement from plantations was
122,070 bales, the balance being taken from the stocks at

were 159,265

only
the interior towns. Last year the receipts from the plantations
for the same week were 126,950 bales and fc* 1888 they were
80,212 bales.

Amottnt of Cotton in Sight Jan. 31.— In the table below
the receipts from plantations in another form, and add
to them the net overland movement to Jan. 1, and also the
takings by Southern spinners to the same date, so as to give

we give

substantially the

amount

of cotton

now

in sight.

1888-89.

1889-90.

1886-87,

1887-88.

Receipts at the ports to Jan.3l 4,962,425 4,474,367,4,583,627 4,486,382
Interior stocks on Jan. 3 1 in
275,440 345,8641 .355,726 233,552
excess of September 1
Tot. receipts from plantat'ns 5,237,866 4,820.331 4,939,353 4,774,934
Net overland to January 1... 555,851 533,833, 710,712 513,742
Southern consumpt'n to Jan. 1 223,000 225,000 205,000 150,000

Total in sight January 31

.

6,021,716 5,629,064|5,855,065 5,438,676

Northern spinners takings to
January 31
1,248,712 1,238,427,1,296,4671,095,149
It -will be seen by the above that the increase in amount In sight
to-night, as compared with last year, is 39^,652 bales, the increase as
compared with 1887-88 is 166,651 bales and the Increase over 1886-87
Is 583,040 bales.
Reports by Telegraph. Reports to us by
I IWeather
telegraph to-night indicate that the weather has in general
been favorable, and that in a few districts preparations for the
I

I

I

—

next crop liave been commenced. The temperature has been
higher and the rainfall as a rule light.
Oaheston, Texas. We have had dry weather all the week.
Average thermometer 62, highest 74 and lowest 50. During
the month of January the rainfall reached two inches and
seventy hundredths.
Pa.esHne, Texas. There has been no rain during the week.
The thermometer has averaged 55, the highest being 76 and
the lowest 36. Rainfall for the month of January three inches
and thirty hundredths.
Himtsxrille, Texas.
It has been showery, on one day of the
week, the rainfall reaching thirty-seven hundredths of an inch.
The thermometer has ranged from 45 to 77, averaging 61.
During the month of January the rainfall reached ten inches
and twenty-six hundredths.
Dallas, Texas. We have had no rain this week. The thermometer has averaged 52, ranging from 23 to 80, Month s
minfall two inches and thirty-nine hundredths.
San Antonio, Texas. Ram has fallen on one day of the
week, to the extent of twenty-nine hundredths of an inch.

—

—

—

—

—

Average thermometer

58, highest 80, lowest 36.

Rainfall for

the month of January one inch and seventy-three himdredtbs.

IVOL. L,

—

Luling, Texas. It has been showery on one day of the week,
the precipitation reaching twenty-eight hundredths of an inch.
The thermometer has averaged 60, the highest being 79 and
the lowest 40. January rainfall one inch and sixty-eight hundreths.

BrenJiam, Texas.

—^We have had

one shower this week, the
an inch. Average therlowest 47.
January rainfall four

rainfall reaching thirty-hundreths of

mometer 63, highest 79,
inches and seventy-eight-hundred ths.

Weatherford, Texas.— It has been showery on one day of
the week, the rainfall reaching seventeen hundredths of an

The thermometer has ranged from 27 to 80, averaging
Rainfall for month of January one inch and thirty-himdredths.
Shreveport, Louisiana. There has been no rain during the
week. Average thermometer 78, highest 34, lowest 60.
New Orleans, Louisiana. It has rained on one daj' of the
week, the rainfall reaching twelve hundredths of an inch. The
inch.
53.

—
—

thermometer ha^ averaged 65.
Columbus, Mississippi.— It has rained on two days of the
week, the rainfall reaching one inch ahd thirty-five hundredths, The thermometer has averaged 52, the highest being
70 and the lowest 30.
Rainfall for the month of January
three inches and sixty-three hundredths.
Leland, Mississippi.— "VeXegr&m. not received.
Meridian, Mississippi. The weather has been pleasant during the week. Planters are buying fertilizers largely and
preparing lands for the next crop. Cotton receipts have been
about fifteen hundred bales this week, by wagon.
Vicksburg, Mississippi- Telegram not received.
Helena, Arkansas.— There has been one light shower during
the week, the precipitation reaching thirty-nine hundredths of
an inch. The thermometer has ranged from 36 to 74, averag.
ing 53.
Little Rock, Arkansas.
The past week has been fair to
cloudy with light rain on one day. The rainfall reached two
hundredths of an inch. The thermometer has averaged 54,
ranging from 32 to 72.
Memphis, Tennessee. It has rained on two days of the week,
the rainfall reaching twenty-one hundredths of an inch.
Average thermometer 52, highest 72, lowest 31.
Nashville, Tennessee. We have had rain on one day of the
week, the precipitation being seventy-one hundredths of an
inch. The thermometer has averaged 48, the highest being 72
and the lowest 27.
Mobile, Alabama. It has rained on one day of the week,
the rainfall reaching six hundredths of an inch. Planting
preparations are active. The thermometer has averaged 62,
ranging from 45 to 77. January rainfall sixty hundredths of

—

—

—

—

—

—

an inch.
Montgomery, Alabama. The weather has been cloudy,
with light rain on three days of the week, the rainfall reaching twelve hundredths of an inch. The thermometer has
ranged from 36 to 76, averaging 57.
Selmxi, Alabama. Rain has fallen on one day of the week,
to the extent of thirty hundredths of an ihch.
Average thermometer 56, highest 74 and lowest 38.
Auburn, AlUbama. Telegram not received.
Columbus, Georgia. We have had rain on one day of the
week, the rainfall reaching sixty-eight hundredths of an inch.
The thermometer has ranged from 36 to 68, averaging 54.
Savannah, Georgia. We have had rain on two days of the
week, the rainfall reaching three hundredths of an inch.
Average thermometer 58, highest 76, lowest 39.
Augusta, Georgia. Light rain fell on two days early in the
week, but since then the weather has been clear and pleasant.
The rainfall reached fifty-three hundredths of an inch. The
thermometer has averaged 55, the highest being 78 and the
lowest 29. January rainfall eighty hundredths of an inch,
the smallest January rainfall on record since 1871.
Charleston, South Carolina. Rain has fallen on one day of
the week to the extent of eighteen hundredths of an inch.
The thermometer has ranged from 42 to 78, averaging 58.
Stateburg, South Carolina.— Telegmm not received.
Wilson, North Carolina. Rain has fallen on one day of the
week, to the extent of thii ty-seven hundredths of an inch.
The thermometer has averaged 49, the highest being 76 and

—

—

—
—

—

—

—

—

the lowest 26.
The following statement we have also received by telegraph,
showing the height of the rivers at the points named at 3
o'clock

January

30, 1890,

and January

31, 1889.

Jan. 30, '90. Jan. 31, '89.
iVe

w Orleans

Memphis
Nashvillo

Shreveport
Vicksburg

Feel.

Above low-water mark
Above low-water mark
Above low-water mark.
Above low-water mark.
Above low-water mark

'

Inch..

13
34
17
19
41

Feel.

4
6
7

Inch.

8

5

20
24
31
33

2
5
6
5

India Cotton Movement from all Poets.— The receipts
and shipments of cotton at Bombay have been as follows for
the week and year, bringing the figures down to Jan. 30.
BOMBAY RECEIPTS AND SHIPMENTS FOR PODB YEABft.
SMpmetitt IM» week.
tear ereai

OonltBriCn. nent.

Shipments since Jan.
Great

Total.

3,000'
1390 3,000!
1889 21,000 34,000.55,000
1888 6,000 13,000 19,000
1887 1.000 16.000 17.0001

OontiBritain'' nenl.

14.000i 91,000

39,000
18,000
18.000

1.

99,000
61,000
82.000|

Seceiptt.

This

!

Total.

105,000
138.000
79,000
100,000

Week.

67,000
76,000
14,000
43.000

Since

Jan.

1.

253,000
263,000
153,000
209.000

FBBBtJXRY

THE CHRONICLR

1891. J

1,

According to the foregoing, Bombay appears to show
a decrease compared with last year in the week's receipts of
9.000 bales, and a decrease in shipments of 52,000 balos, and
tne shipments since Jan. 1 show a decrease of 33,000 bales.
The movement at Calcutta, Madras, and other India ports for
the last reported week and since the 1st of January, for two
"Other ports" cover Ceylon,
years, has been as follows.
Tuticorin, Kurrachee and Coconada.
8h ipmtnt* tinee January

Shipments /or the week.
Great

Brtat

Oontinenl.

Britain.

Total.

Continent.

Britain.

1890
1889

3,000

2,000
2,000

8,000
4,000

ii.OOO

1890
1889

4,000
7,000

10,000
10,000

11,000
17,000

1,000
2,000

1,000

1,000
3,000

3,000
7,000

2,000
3,000

5,000
10,000

All others

1890
1889

4,000

4,000

1890
1889

The above

5,000
8,000

3,000
2,000

2,000
6,000

totals for the

12.000
14,000

8,000
16,000

I

20.000
30,000

week show that the movement from
8,000 bales less than the same

Bombay is

the ports other than

week last year. For the whole of India, therefore, the total
shipments since January 1, 1890, and for the corresponding
periods of the

two previous

ThU

from—

Jan.

week.

Bombay
All otber ports.

Total

1.

1888.

This
week.

Jan.

ThU

Since

Since

Jan.

week.

1.

1.

3,000
5,000

105,000
20,000

55,000
8,000

138,000
30,000

19,000
5,000

79,000
26,000

8,000

125.000

ea.ooo!

les.ooo

24,000

105,000

—

Alexandria Receipts and Shipments. Through arrangements we have made with Messrs. Da vies, Benachi & Co., of
Liverpool and Alexandria, we now receive a weekly cable of
the movements of cotton at Alexandria, Egypt. The following
are the receipts and shipments for the past week and for the
corresponding week of the previous two years.
Alexandria, Egypt,

January

29.

1889-90.

1888-89.

1887-88.

85,000
2,708,000

85,000
2,308,000

85,000
2,605.000

Beceipts (cantars*)
This week
Since Sept. 1

IhU

This
Since
week. Sept. 1.

.Since
Sept. 1.

week.

IhU

Sine*

week.

Sent. 1.

Exports (bales)—

To Liverpool..
To Continent

3,000 200,000 12,000 177.000
2,000 91,0001 2,000 86,000

.

Total Europe.

5,00012 34,000; 14,0001263,000

4,000 193,000
2,000 108,000
I

6,000 301,000

A oantar is 98 pounds.

This statement shows that the receipts for the week ending
Jan. 29 were 85,000 cantars and the shipments to all Europe
6,000 bales.

—

Manchester Market. Our report received by cable to-night
from Manchester states that the market is firm for both yarns
and shirtings. The demand for both India and China is poor.
We give the prices for to-day below, and leave those for
previous weeks of this and last year for comparison:
1888-99.

1889-90.
.,

32» Cop.
Twist.

8>

OoM'n

,.

'*»•

Shirtmgs.

d.

WS^

lOieVi ®8%
17|8i4 ®8%
2ll8'2 a8^8
3I18I2 a8''8

d.

Uid.
jjpi^.

d.

Holiilay..
1 '«7 3

5=8

7'8
7'8

3

5%

a7 3
a7 3
«7 4
4 »7 4
3
4

d.

received

the

8.

»838 6
®838 6

6%
6'in

7is,„«8'i(|i6

of

Mr.

/!>».

Shirtmgs.

7i5ig»8'if 6
7l»i6®8'i8 6
7i3iaa8'ie 6

substance

Oott'n

,.

8J4

TwUl.

d.

s.

-,

32» Cap.

d.

s.

a7
97
0Ja»7
1

•8)7

1

®7
®7

1

Cotton Supply and Consumption in Europe.

we have

d.;

1

Hid.
jjput.
d.
5!>8

538
1
lifl
51a
l^a, 5»i8
IH^ 5>9
!•«' 5»a

— By

October

1889.

1888.

1887.

591,710

832,017

654,776

718.091

627,570

1,325,358

Novemb'r 1,257,5:0
Decemb'r 1,116,028
700.908
January

1886.

1.

1885.

Ellison's first of

editorial columns give the
and some suggestions respecting them.

—

;

;

reported for Jute Butts, but prices are firm at 1"70<9
l%c. for paper grades, and ^%2%c. for bagging quality.
is

East India Crop.— Messrs. Gaddum, Bythell
dated Bombay, December 27, says:

& Co.'s report,

Owing to Christmas day intervening over this week's statistics give
figures of six days only, bul a c imparisoa of thn total arrlvaU with
those of last week shows a comparative lucreiise. Up country lu 'St of
the mills have been closed for one or two days tor the nolidav.-*; consequently no cO'iipirisoii of arrivals can bo made.
Crop prospects
continue much the same as wheu we last wrote, but the opinloutt of a
reduced estimate are now more prevalent than heretofore.

1884.

359,203: 385,642 345,4i0
1,133,016 1,213,404 1,034,450' 1,055,521 1,090,385
1,159,063 1,178.436 1,197.2591,093,552 1.122,164
1,103,713 963,584 1.164,886 1,069,920 1,101,211

644,681

543,393

1

475,797

Total .... 4,962,425 4,445,900 4,537 ,77v 4,400,479 4,138,03114,137,962
Pero'tage of tot. port
82-71
80-99
76-68
8014
76-68
receipts Jan. 31.
(

1

This statement shows that up to January 81 the receipts
at the ports thii year were 424,655 bales more than in
1888-t9 and 516,4-^5 bales more than at the same time in 1887-38.
By adding to the to'als to Dec. 81 the daily receipts since
that time we shall be able to reach an exact comparison of
the movement for the diflferent years.
1887-88.

1886

87.

1883-86.

1884-83.

Tot.Dc.3l 4,261,516 3,727,809 4,010,200 3,75r,79s 3,591,638 3,662,2M
25,501
S.
25,034
24,171
15,305
Jan. 1...
10,259
•'
30,588
33,005
8.
15,141
12,710
2...
19,023
" 8...
32,619
25,431
30,629
8.
47,183
28,206
••
25,749
23,563
20,582
21,844
22,334
4...
B.
" 5...
23.019
21,857
18,060
31,730
8.
25,885
" 6...
8.
28,585
25,879
14,401
23,360
21,986
31,673
" 7...
22,963
35,332
20,516
30,759
15,947
" 8...
18,081
28,165
8.
34.194
13,029
14,637
8.
" 9...
23,523
27,417
20,519
16,198
32,314
" 10...
33,684
8.
12,816
30,601
21.987
40,117
" 11...
23,186
14,574
36,261
19,319
8.
21,67
" 12...
17,149
18.141
19,131
18,072
25,086
B.
" 13...
18,770
8.
27,369
18.704
20,004
26,083
" 14...
10,163
32,111
17,031
26,869
24,744
27,986
19,4^0
" 15...
8.
18,560
28,737
10,924
23,581
" 18...
8.
28,713
19,977
10,079
28,206
19,442
" 17...
33,027
8.
16,058
21,468
54.954
14,639
" 18...
29,573
21.853
16,386
36,804
8.
19,863
" 19...
17,094
22.389
25,192
11,555
15,018
S.
" 20...
18,405
17,997
22,228
8.
21,762
80,520
" 21...
13,010
13,042
34,348
12,290
26,109
27,378
" 22....
19,971
8.
15,149
11,009
17,975
35,544
" 23...,
20,708
17,246
8.
20,628
20,881
17,971
" 21...
8.
14,305
21,211
6,734
34,251
25,242
" 25....
27,870
13,239
27,353
8.
43,584
18,716
" 26....
19,486
13,340
19,275
13,782
23,937
S.
" 27....
17,227
21,715
18,953
8.
12,777
29,711
•'
32,286
16.912
14,462
24,333
9,874
28....
26,012
" 29....
8.
21,932
28,113
10,501
24,757
25,995
'•
8.
24,785
21,627
16,890
30....
20,103
17,916
" 31...
32,355
S.
10,970
20,286
33.757
40,913
Total . 4,962,425 4,445,900 4.537,770 1,100,479 4,138,031 4,137,962
Percentage of total
86-64
80-99
82-71
76-68
80-14
port rec'pt« Jan. 3
.

This statement shows that the receipts since Sept. 1 up to
to-night are now 516,425 bales more tli«n they were to the same
day of the month in 1889 and 424,655 bales more than they
add to the
were to the same day of tha month in 1888.
table the percentanes of total port receipts which had been
receive! to January 31 in eaih of the years named.
The Following are the Gross Receipts of Cotton at
New York, Boston, Philadelphia and Baltimore for the past
week, and since September 1, 1889.

We

New VORK.

Philadblph'a

Rteeipti

Thii
Since
week. Sept. I.

from—

Jute Butts, Baooing, &o. There has been a fair inquiry
for bagging, and prices are held at 6^c, for 1% lb.
7J^c. for
\% lb. 8c. for 2 lb., and S%c. for standard. Not much inquiry

Tear Beffinning Beplember

Receipts.

cable

January cotton review, and in our
results

do not end on the same dav of

ables a daily and monthly statement, that the reader may
constantly have before him the data for seeinx the exact relative
movement for the years named.
The movements since
Sept. 1. 18S9, and in previous yea's, have been as follows:

1888-89.

1889.

1890.

Shipments
Europe

to alt

Jan. 3 8>s

in different yeais

We have consequently added to our other standing

years, are as follows:

EXPORTS TO EUROPE FROM ALL INDIA.

Dc.27

weeks

the mooth.

I

Total all—

A.

as Ibe

Sept'mb'r

Hadras—

*

Comparativk Port Receipts and Daily Cbop MovEimrr

Ho'ithly

Total.

r

—A comparison of the port movement by weeks is not accurate

I

-

Calcutta

179

(9.

Orleani.

rezsB
darannata
Mobile

7,888J

norlda

839

30. Carol'a.

No.Carol'a.
Virginia
North n pts
Fenn., &o.
l-oreUn...

Thlirear
aat year

4,208
11,S44

.

K.tlSJ

12

»;o

165.510
806,883
310,58a

ruia
week.

8inc<
Sept. 1.

Thif
week.

rk4i

Sine*

Sept.l.

wMk.

Sept. 1.

8.837

1,692

88.818

3.4»4
4.880
89,602
865

8.861

48.848

8,000

16,860

iJKO

7,4B9
68,867

29

808

leo,
13,

1,949

4,181

in,**!'

8,6«3

9,917
63.139

4.579

82,S1S

Baltimo ri.

Since

!

918.031

24.395

874,183

"2,107

S6.3S1

9.5S3{

188.189

1.040.9?!

21,^27

806.888

8.808

68.878

15.905

180.967

this week show an
the total reachiax 11,107

The Exports of Cotton from New York

increase compared with last week,
Below we give our
bales, against 10,457 bales last week.
usual table, showmg the exports of cotton from New York,
and the direction, for each of the last four weeks; also the
total exports and direction sitice Sept. 1, 1889, and in the last
column the total for the same period of the previous year.

THE CHRONICLE.

180

BXPOKT8 OP COTTON (BAUM) FBOX HBW TOBK glKCE 6BPT.

Wuk EndingSaporled to-

Uverponl
Other BriUgh

Jan.

Jan.

Jan.

Jan,

9.

16.

23.

30.

7,351
ports..

1

Same

Total
tince

period
previous

Sept. 1.

year.

95,893

8,65lj 8,200. 7,302

376,477

36,000

8,807

298,263

3S2

1,272

813

785

27,540

382

1,272

813

785

27,549

36,090

352

16,390
33,889
29,394

4:).l48

1,689

100
600
725

26.361

8,876
2,S38

100
b76
C02

7,086

1,637

1,689

1,425

79,673

141,510

HaTre

Total Fbench

....

Other ports
Tor. TO No.EOROPE

72,001

408

1,481

14«

2,S50
5,490

Total Spaik, &c ..

408

1.481

142

~ 8,310

18,285

413,825

572,362

Orawd

Total....

16,.'J07

12.599' 9,946 11,107

Do

Hon.

70*

70*

\Wednet.

l<u««.

*i.

TAurf.

late dellv'y.d.
e.

sail

e.

Bremen, steam

News.—The

Satur.
Liverpool, steam d.

Do

exports of cotton from the United
States the past week, as per latest mail returns, have reached
133,328 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.

Shippiko

&c.

jrarts,

New Orleans for

Havre, which put
distress and repaired there, sailed theuce JaB.

from

(Ger.),

Gotton freights the past week have been as follows:

Havre, steam

Bp'D, Op'to, Glbr., &0.
All other

to date of disasters to

from United States

luto Bermuda in
IH, for Havre.
hi earner (Br.)—The owners of Fteamer Thalia, from BaTannab
for Keval, b. fore reported stranded near ihe latter port, on behalf
of all couconied, have Instructed Lloyd's acent at Reval to proceed with Ihe salvajje of the vessel, but he Is powerlefs to foQow
out the liistrui tions. Tha Russians have lauded 816 bales of
(Oitou fiom the Thalia and delivered them to the agents of the
charterers of the steamer. On the 23d the lay In a woi se position.
Twelve hui.dred bales of cotti>n have been landed. The cotton
remuiuiug on board of her is submerged.

Other Frencli port8.

Bremen
Hamburg ...

U

Tbalia,

280 584

255,358

8,807

Kkiirwiedkr, eteamer

42»06

1,450

news received

all

vessels carrying cotton

2,730

1,300^

Tot. to Ot. Brit'k,

G,7^9! 4,S72

Below we give

1889.

1,

[Vol.

Do

e.

indirect. c.

Hamburg, 8team.e.

Do

via indlrect.c.

Amst'd'm, steam

Do

.

e.

70*

70'

indirect.. d.

Reval, steam

Do

d. I9g4-'ls2

sail

64.^*84-*'e4 "64-2'(!4

d.

Barcelona,8team d.
"IS
Genoa, steam .. .d.
Trieste, steam. ..d.|»i6a2it4 *ic*2'e4 'i6®2^f4 '':c®^'t4
Antwerp, steam d.
^.^^
^i^u'^''s3^^>i'^''32^*e^9^3i

5l8»2'64

I

Total bales,

Kbw York—To

Ltvemool, per steamers Adriatic, 1,127
City of Chester, 1,497... City of Chicago, 1.011.. ..Halley,
1,»12... St. Kouaus. 1,993. ...Servia, 1,857

—

To
To
To
To

Havre, per steamer La Gafcoxne, 785
Bremen, per steamer S»ale, 1(0
100
•
Hamburg, per steamer Rliaetla. 600
COO
Amwirp, per steamer Bhynland, 725
7S!5
Kbw Oklkaks— To Livtrpoo', ner steamers Alicia, 6.550
Bueuaventora, 3,bOO
Delambre, 2.200
Hayti>-n,
8,748.... Newton, 4,970... Northgate, 5,500.... Scliular,
3,763
30,437
To Havre, per cteamers Bordeatir, 4,96'!... HIbemia, 6,250
WerneihHall, 8,4rt4....perfhip Charlie Baker, 3,310
23,022
To Bremeu. per steamer Elsie, 3,780
3,780
To Hamburg, p. r steamer Teutouia, .?,415
3,41.5
To Autwerp. p< r steam-^r Bordeaux, l,i41
1,'Ml
To Genoa, per steamer Plafci, 4.012
4,012
Galvesio.v— To Liverpool, per steamers Eastern Prince, 5,617
....8oHa,

i,5f>'2

8.169
4,900
4,710

To Fleetwood, per steamer Orbo. 4,900
To Bremen, per steamer Marchioness, 4,710

Mobile— To

Liverixjol, per
Regent, 4..018

Bavannah— To

steamer Benvick, 8,072. ...per ship
12,590
7,038
1,051

Liverpool, per steamer Edenmore. 7,038

To Bremen, per steamer All s, (idditional) 1,051
To Genoa, per liurk Catheiina,2a0
CnARLtsTON- To B^reelona, per baik India, 2,200
NoRFOLK-ToLlv.ipdol, per bark Abana. 3,050

Hbwpokt News— To

Liverpool, per steamers
1,258... Sussex. 19-.^

'*'

.

"
'.'..'.'.'.

2a5

particulars of these shipments, arranged in our usual

form, are as follows:

New

Fleet-

wood. Havre.

pool,

York.

8,897
N. Orleaus. 30,437
Galveston..

Mobile

Bavannah

Bremen
Barce<« HamAnt- lona i£ Tar-

(j,lt9

12,590
7,038

4,900

4.710

...

1.051

;;;
...
...

......

Charleston.

Norfolk

Wp't News

3,656
1.450

Boston
Baltimore

8,!»00

...

Total.... 80,031
80,531

I>i>ra.

785
700
23,022 7,195

werp, Genoa.mout/i.

725
1,241

--.

4,012

230

Total.

11,107
65,907
17.779
12.690
8,319

2,2u0

4,9i.O
4,91.0

......

600

295

23,807 14,256
23,80714,256

2,261

....aa

2,-.^00

......

3,0.^0

31

1,450
8,9H1

893
6,442

31132,228

Below we add the clearances
ootton froin United

the

latest dates:

New

this week ot vessels carrying
States ports, bringing our data down to

Glanystwylh. 273.
OH?^?^^?''"}';"''^-^^"-,^'^-^"^™"
24-8teamcr8 Schiehallion, 3.019;
n.^o™,%^^"-i.f'*^T'""";7^"2
25-Steamer8
CatalMU,
2,96«; Emlllaiio,
i7,SV.^'H^"^^"v,-',''°27-S.eamer8 Explorer. 4,V99
T«T«^ ^S^r^T"' ^•|'^*-ob—c??°- ^^'''"'''l.«a«--Jan.'308&am^rk'rikan^"2?35f.'-''^''
25-Steamer8 Avlona, 4,300; City of Lincoln,

'^7.65o"'*"~"'*"'

To Hamhnrg-Jan. 28-f teamer Juan. 1,351.
To BarceloiiB- Jan 24-Ba)k Maria Antonio, 236.
To Salerno- Jau. 27-Bark Carlo. 2,216.
BAVANNAii—To Bremen-Jan 27-Shlp rusader, 3,527.
D„„ Antwerp-Jan. 30- Steamer Scotsman, 3.206
30-Steamer Lancaster, 6,467.
W?Lii^'m,r T,.^H''"?'"'^"*'i'"21^-Bark Mizpah, 1^48^.
So^m K T^t i. 'J'""';i"->f-J'"n.
3"-Steamer
Guy Manneriug, 1,107.
We^ Pom? T Liverpooli*,'^"""~-{*°T
Jan. 25-8teamer Guy Mann- rinx, 2 651
Boston T.y7?"
<

'^=*-«'«''™^ Venetian, 1.913...^ian
Stii^mer^cfthlajl:^-.
To Hal fax- Jan. 25-8teamer Halifax, 139.

BAiMMop f"^"'r,-'""- 28-Steamer Dominion.

in,ooo

Amount ahoat

23-<,000

......

Jan. 31.

Jan. 21.

57,000
3,000
6,000
44,000
7,000
93,000
975,000
764,000
117,000
93,000
106,000
180.000

957,000
750,000
172,000
148,000

Of which Amerloan

215.000

59,000
2,000
9,000
42,000
7,000
84,000
902.000
787,000
113,000
103,000
200,000
183 .000

The tone of the Liverpool market for spots and futures each
day of the week ending Jan. 31, and the daily closing prices
of spot cotton, have been as follows:

11-

47.

3fr-^^.-jir|-^--iiVbr,-:::^^^
K^^Xm?!^- !*-«'*''""«' Toledo, 950:...Jai;.

27-Steamer

PHiLAoajupHw-To liverpool-Jan, as^teamer
Ohio, 372,

Saturday ifonday. Tuetday,

Spot.

>Hd.Upl'd8.

132,228

Liver-

American

Forwarded
Total stock- Estimated
Of which American— Estlm'd
Total Import of tho week
UI which American

8,900
31
6O11

.

^**1

The

Jan. 17.

97,000
4,000
12,000
77,000
12,000

A'jtaal export..................

Market, }
1:45 p. H.(

'

Michigan, 2.000

To Yarmouth, per steamer Dominion. 31
Baltimore- To Bn men. per steamer Hermann, bOO
To Antwerp, per steamer Rialto, 295

Sales

^50

j

Boston- ToLiverpool,pcrsteamer8Bo8toniaD,2,645... Cephalonla, 1,283. ...Lake Superior. 78S
Norsemao, 671... Palo.-tioe, 1.516

Jan. 10.
the week
bales
or which exporters took
Of which speculators took...

S.iles of

230
2,200
3,050

Guy Mannerlng,
.

Per 100 lbs.

*

Liverpool. By cable from Liverpool we have the following
8,897
785 statement of the week's sales, stocks, &c., at that port.

Sales
Spec.

Quieter.

Hardan't.

Easier.

Wednes, Tliurtd'y.

Friday.

Flat and

Dull but
BLeaoy.

Irregular. maint'ned

6l8

12,000
1,500

7,000
1,000

Aexp.

Steadily

O'la

6'i6

8.000
1,000

7,000
1,000

8,000
1,000

8,000
1,000

Futures.

Market,
1:45 p. M.

Steaily at strong at
SaSTEt (Jiulet and
1-64(3 2-84 steHOv at
partial ly
1-ei adv.
vanoe.
decline.
a decline.

Market.
4 P.M.

Strong

Easy.

Qalet.

Barely
Bteady.

Weak

at

3JM

Firm St

decline.

S-ei ad-

Steady.

Steadier.

vance.

The opening, highest, lowest and closing prices of futures at
Liverpool for each day are giveu below. Prices arc on the
basis of Uplands, LovMiddliagclaiiee, unless otaer wise stated.
t7*

TM

5 6X64d.,

prieet are iriven in pence
l-64d.

and 6 01 means 6

Sat., Jan. 23.
0j>«l

Htoh

d.

It.

January.... 6 08
Jan.-Feb.... 6 06

Feb.-Marcb 606
Meh.-April. 606
April-May.. 607
May-June.. 6 09
June-July.. 6 10

July.AuR.. 610
Au(?.-Sept.. 6 10

and 64M> IKUt . 5 S3 mean*

MOQ., Jan. 27.

Low OUu Open BUih Low. Olm
d.

d.

d.

d.

d.

d.

02
6 02
6 02
6 02

6 00

610 6 10 6 10
611 610 6 11
6 11 610 611

610

6 10

611
6 11

6tl 6 10 611
611 6 11 6 U

SOS
6 09

606 6 07 606
6 06 6 07 606
6 04 6 07 606
6o; 6 07 606
608 6 08 6 07

6 06
6 08

6 09

606
606
6 07

6 06

6 09
3 09

606
«07
6 08
6 09

610

Wednes,, Jan,29. ThHn., Jan. 30.
Open Eith LOW.

(7to».

d.

i.

d.

d.

d.

6 02

eoo

6 01
6 01

5 63

6 03
6 00
6 01

5 63
5 63
5 63

5 6;i
6 62

6 00

563

6 04
6 04

6 05
6 05

d.

January.... 6 02
6 02
Jan.-Feb...
Feb.-March 6 02
Mcb.-Aprll. 6 03
April-May.. 6 03
May-Juue.. 6 04
June-July.. 6 0S

arm
Aug.-Sept.. S07

6oa 6 00
6 02 600
6 01

6 01
6 01

604

6

602

6 05
6 06
6 07
6 07

6 03 6 04
6 04 6 05
6 05 6 06
6 05 606

6 03

0.J

Open a<ik Lota.
d.

Op«l High Low. OUw.;

d.

60S
606 606
606 6 06
6C6 6 07
eo7 6 08
60» 6 09

6 06

Tnea., Jan, 28.

Clot.
d.

5P2 5 82

6 05
6 06
6 07

6 07

6 07

6 07

d.

6 01
6 03
6 01

601

d.

6 00

600
600
6 01

6 02
6 03
8 04
6 05
8 03

6 05
6 OS

d.

d.

d.

600 8 00
6 63

6 01
a 01

603
6 04
6 0S

808
eo«

Ote..
d.

6 09

363

5 82
5 62

3 63

800 563

6 00

6 02
6 03
6 05
6 06
6 00

6 03
6 03

5.63

6 01
6 03
6 01
05
8 05

'

6 01
8 01

Jan. 31.

Open Bigh Iaw.

6 01 6 00 600
6oa 6 03 6 01 6 02
6 03 604 6 02 603

6 04

6 05
6 06

Fri.i

5 63
5 68
6 63

6 03
6 03

02
02
02
03

60t|60l

6 00
5 63
3 63
6 00

503

d.

8
6
6
6

804
6 05
6 05

FKBRUA.RT

1,

THE CHKOJSiCLE.

18S0.J

BREADSTUFF S.

181
Dtcemitr.

frMdltV/tJIXptf
1889.

Fbidat. p. M., January 31, 1890.

Flour has been dull and depressed wi.h a large supply.
The demand has been light both for export and home consumption. Yesterday a sale was reported of 5,000 barrels of
strictly choice Minnesota patent extras at 4.75 to the jobbing
trade. The stock here is believed to be much larger than was
at one time supposed. The tone of the market has latterly
been more or less demoralized. To day trade was still dull
and the tone was depres.sed with prices irregular ind un-

Qu'ntMa
Barley, tnuh,
1«ir Tork

OF VO. 3 KID WIMTBB WHK4T.

February delivery

o.
o.
o.
o.
o.
o.
o.

March

delivery
April delivery
May delivery
June delivery
July delivery
December delivery

Bat.

tfim.

Tut$,

85%

85^

8t>%
87'4
87'a

87

86I4
8714
(7»8

BSTs
8K79
8738

87%
86%

87 >a

i'<l%

STU
86>4
8M8

8i>38

85'4

8Si«

8>.38

Fri.

84 Tg
8^7^

87 >4

Feliniary delivery
March delivery
April dellviry

o.
o.
o.
o.
o.
c.

Maydellvery
JoDO delivery
July delivery

3738

a?^

3718

2S^

38>8
3878

38

SO
SH^a

39%

SO^a

3936

40

40

38 '•g
393b
3938
3979

37 18
38

36%

3678

37%

88''8

8938
3938
39'8

Fri.

63.4t>0

28,771

187,777

ll6,7t>s»

8«1.«53

48a,»8

(I19,fl02

1.100 004

6.708.717

2n33>v

B0.0B7
630.M18
888,784
9,7u»
118,999

I2.84n.267
8.0:i.0'l
1,509.448
6.8 8.1 to
4,856,MV«
20.O89
6,0U<,421

4«<.C5.i
26\:)ii'

2oa.t^»l
1U«,0J<)

2,269.305
U60.431
!«3,1/S

s.-.ou.'.a;

i.osa.s s

1,>3(1,»10

Mflw Orleans
Pac. cnst. dlsts.'
otner ous. diets.

i.4';».sto

e41,32H
0,IMU
11«.101

Total, corn

6,4gl,8Sl

2,;78.a8i»

0,272,10t>

2.t)<>9.450

S8,8«6.60O

ii.ise

30.828

12.355
17,621

40.t-67

74.43H
(9,344

808,82S

834
2X

Vii

l.«63
5,734

78

161

3,83»
18,263

-*'i8ton

—

Flhe

9

hbl.

FLOCR.
$2 009$2 25 City shipping, eitrae.

Kye flour,

auperllne..

Fine

Western,

(fee

,

Brandywlne

25«$1

70»

2 80

45»
2 639

2 55

2

Spring, per bosh.

0.

..

BprlngNo. 2
Bed winter No. 2..

Bed winter
White

Com— West'n mixed.
West'n mixed No.2.
Western yellow
Western white

Buckwheat...

«
»
85H9
74 «
83 a
29 a
80
86

0.

Bye—

941a

We8tem..ipbu

89

State and Jersey

8«i8

Oats-Mlxed

o.
.

DC
54

26%»

31
32

White

29'-ja

89
38

No. 2 mixed
No. 2 white

2S3a9 291a
29 9 3018

37% Barley—
2-rowed
9 39

9
®

0.

58
59
30
35

90

36-'8a

37

»
o

38
42

State
4-rowed State

Cauada

50
53
58

»
®
ai

52
55
65

Exports op Bbbadstuffs for December, 1889.—The followin ', made up from the statement issued by the Bureau of
Statistics shows the exports of domestic breadstuffa from
the under-mentioned customs districts of the United States
for the month of December in 1889 and iu 1888, and for the
six month's of the fiscal year 1889-90:

8,107,784
18.676

;oa

K.IUM

17^

7C0

k(l4,V17

3.43J

"V.'w's

8,559

20,109

46,736

corn-meal

Sl,313

76.676

83,691

191,034

479,S(IS

8J7,730
IV.OtU

250,208

12.303

6.24S

l,.^a8.884

084

294

IS.441

468,461
10,870

20
85

7
31

131.U78

4',

5,974
l-m
85,»'0
19

Xtl

(<•

7,461
14.1U0

a,4S!l

61.TeU
1^,130

24.7:8

3.U0J

-.14.163
301,-109

48.MS

9i:5,037

298,^07

80,021

34,092

2,180,'.09

663^130

l.StS

1.011,010

16,8 In

!,0»7,1''6

Philudelpbla

.IW.f,l»U

35,«22
7.KB8

37,670
63»,835

918

B'tston

85,763
972.940
ItO.SUi

22,0111

05,100

898,180
2,1>7,210

83,840
878.881
7,868

B.iltlmore

8,108
3,255

1,120

98

60

3,000

52,300

4c7uU

IvSlS
1,431

Pac. cubt. dlsla.*
rotal.

OaU,

bitth,

.Vew York

Budton
Pbiladelphla..
Baltimore....
New UrleauB..
Pac. oust. dUts.*
OLber cus. diets.-)

SSO
iie.uus

Total, oats

Oatmeal,

Hit-

4,634l

881
40.381
92,787

Iba.

New Vork
New Orleans
Puc. c^^t. du-ta.*
Ocbercus.dlste.-t

150
7,Ojo
la.iuo

Total, citmeal..

2,258,033

405,4Ut<

10

215
1,2b I

88.882

68,689

61,1140

10,700,696

867,770

108,3Si

771,981

417J396

'21,371

11,764

"21,371

"11,751

87,300

13,680

ei-,468

'iw,04S

20B.2;8

120,08b

27,300

13.680

861,7n7

488/191

1,205,728

389,S19
206
19,076

429,723

6,275,808

6.6S6.B54
380,894
849,346

ttye.biish.

New York
B jslon

18«,90'

PailHdelphia.....
B.iltlmore

New Orleans.

..

Pac. cast, diats.*

OLaer cus.dtste.t
Total, rye

Wneat.bxuh.

New York

l;iH,««l

1.100,390
ll7,ilB

t'ailudelptala,...

lau.BtO

101. -.!94

Haltimore.
-New Orleans
Pac. cuat. dUts.

&4:>,l)03

426,^24

4,tj7U,'6a5

3,606.713

44,^84
8,21b,131
30,73b

13,582.335
1,044,579

1.283.8J&
10.759.280
1,331,803

B

jslon

'

'4«,'9!i6

29)
21.7.

443.0,XI
l.Oort.ltto

8,rSJ,66il
1,454,03'

8347.095

ous.diata.-f

l«,als

8,175,446
lB,2a

Total, wheat...
Wheat-JUiuT. bbii

6,096,105

4,936,851

3,9tl8,5J9

3,740,167

28,308,393

23,607.838

410,411
98,240
120,113

1,818.911
&20.21

239.640

1,199,104
54l,o7o

2,139.803

9.786.175

t.26,606

&0.8(9

37a,3;iB

134,t7i>

l.»»8

1,935.05?
8,988

S7o,5l3
1,499,564

1.709,38tf

Baltimore
.>ew Orleans

24-,o»4
7v8,03U

3..<<06.828

87/<,130

>S.9V4

16,420

Pac. cual. diata.*
0iberuus.dlst8.-^

1!;2.445

734,51-1

e3-.s,oi9

82.OU0

107,304

148.460
33,803

Total.wheat-flo'r

1.222,603

5,763,751

704,388

^tner

New York
BJdton

falludelptala..

..

t:9.721

l68.3a"

817,U70
450,714

7,059.340
81.164
8.319.758
2,082.278

3,571,584

5,927,13?

2a.08t,f99

10.60

Totals.

ttoston
Pniladelpbla....

Baltimore

8.(!7I,96l

a,S05.8?6

9ZU. 152

937,.<184

t07.3oe

3je.iAi9

8.:<2a,«37

S.471.(>29

1,373,101
346.880
3,9ea,0,6

311,110

8t)4,9U3

14,967,319

10,24'e,7:8

68.649,941

«jO,393

Pac. cual. dlsta.

3,934,559

Otuer cus.dlste.t

Grand
•

total.

districts for

Value ol exports from PaciSc

1148.093
Oregon, Orenon
Puget Bound, Wash'n Terrify. 40i>.385

San Kraucisco, California
t

2,628,335

62.140
46,8i8
4,173
126,397

auron, HIcblsan

NewHaren.Cnn

Newport Mews, Va

1761,744
'

Total

I

t.<<,690

the month of December, 18S8

Willamette, OreROn

;

Value of exports from other customs

Brazos, Texas
Uetrolt, Michigan

28.844.510
6.507,494
14,132.330
3,442.740
14,611.383
5.432,42»

...

13,934,560

districts for

Portland,

the month of Dec.,

Me

U80

:

$20,034
07,264

KIchmond, Va
Total

«31l,lie

NoTB.— This statement Includes about 98 per oeat of the entire exports of tha
named from all porta of tbe countrr.

articlea

The movement of breadstuffs to market is indicated in the
statement below, prepared by us from the figures of the New
York Produce Exchange. We first give the receipts at Western lake and river ports, arranged so as to present the comparative movement for the week ending Jan. 25, 1890, and
since August 1, 1889. for each of tbe last three years;
Beeetvte

40.

ajtniV.0.17

Otnei ous. dlsts.t

New Orleans

4 35a 4 40
859 3 10

IJIlaJiW
„ 646,380

H

39%

2

8^4 Onv

17

39%

GBAIN.

Wheat—

3-1.9i<

New York

2

Com meal-

Yorii

.Neworleans

and steady

Buperflne
2 30a 2 70
Extra, No. 2
2 60-i» 2 95
Extra, No. 1
3 lOa 3 70
Fatent, spring
473» 5 00
4 45« 4 80
Patent, winter
Buckwheat Floar per 100 lbs., $1

Ki
14.530

6li4,r

O'wn-nual bbU.

New

88=8
3918
3918

DAILT OhOSaa PRIOBS OF NO. 3 HtZBD OATS
Sat.
Mon,
Tuee.
Wed. Thurt.
FH.
Ii8l>8
February delivery
29
2878
o. 29>4
2«%
23 »a
2SI9
28158
2814
March delivery
2838
c.
287e
28>s
Maydellvery
27^8
o.
;!8
28
28
27 '8
28
The following are closing quotations for wheat flour in
barrels. (Corresponding grades in sacks sell slightly below
these figures):

C,7,i

-f

3T»8
38 13
39 %
39^8

Oats have bepn declining with pretty liberal receipts here
selling of options for " long " account, white oats,
however, showing the most depression. At times near options have been weak while distant months were firmer.
Prices are now 8 to 4 cents lower here than a year ago. Today the market was dull and weak. There were no exports
and the total receipts at all markets wire 895,676 bushels, including 119,000 bushels here.

83<.5^l(

Corn, btun.

Huston

DIILT OLOSINa PRI0B8 OF HO. 2 MIXBD OOHM.
Wecl.
Sat.
Mon.
Tue*.
TKnn.

118,716

1,421.013

rotal, barley....

Pniludelpbla....
Bitttimore

for export.

16.010

11,701

II

Hiw Vork

85>«
841,
8638

dulnecs of the foreign markets, the smallness of the exports,
the steady selling of options for " long " account, the relative
plentifulnecs of wheat in this country and the very large
stock of flour at New York, while the failure of the Sixth
National Bank and bear attacks on the market have also had
« more or less weak'-ning effect. To-day the market was
fairly active, at a slight decline. The English markets weie
weaker, and there was considerable "long" selling of options, witn six loads taken for export.
The export business
and the covering of shorts prevented any decided decline today.
Corn has declined, with the inspection here showing a considerable per centage of contract grade in the receipts, and
liberal arrivals at the various markets. Still the exports have
at times reached quite a good aggregate, and this fact has
tended to prevent any verv decided decline. On Thursday the
receipts here were 200,000 bushels, and the total at all markets
was nearly 1,100,000 bushels, while the total shipments from
interior and seaboard markets were only about half tbis quantity.
These f.acts, together with a falling off in the demand
here, caused a small decline. Prices are already seven cents
a bushel lower here than a year ayo, and some regard corn as
cheap. To- day prices were slightly lower, with a fair trade

i»;S7t

t«

f'BLa

exceedtd 6,000,000 bushels, though at the cost of a decline of
one cent per bushel. The depressing factors have been the

86

Vew Orleans
Phc. CU81. dlatn.*

86 ^4

Wheat advanced slightly at one time and then took a
downward course, with little export business, only a small
milling demand and a very limited speculation until Thursday, when the option sales for the first time in many weeks

FMtu.

Other ouf. dlna.1

SfiOs
8!i=8

86>4

11,781

Boston

86 '4

84%

8.'5i4

87 '.I

87

87

]%up*.
Si's
BS'a

Wed..

UohUu.

QaeuMtiu

FoltM.

Phll.idolphl*.....
BiiltlniorQ

Baltimore

JtAXLT OLOSniO PBIOBS

<^'ntU<<t

I

Pnlladelphla....

settled,

Hlx

Value.

at—

Flour.

Com.

Wheat.

OaU.

Borisv-

Aye

Bi>'<.196U» Bul?l.eat2>r BwihSeib, Bush-SZ I8> atMk.48 U> Bii.B«U><
1,030.227
630,103
90.603
120 804
887.833
40,090
ChlcaKO
10.440
38,0*
86,170
121,793
97,000
80,100
Milwaukee..,
17,431
30,298
1,132
Dolnth

M3.600

Minneapolis.
3,630

24.379

.

3,938

..

7,6(13

1,500

46.947
88.700
135,453
17,500

m,6l5

1.072,667

Toledo
Detroit..

.

OleTeland.

Louis
Peoria

88,151

6t.

Tot.wk.

Same
dame

-90.

232.938
19,769
14.8fl9

1,303,010

474,400
1

8,115,961

18,030
80.069
23.912

r<3.880
132,000
1,173.728

7,15S
61,413
17,807
81.800
S8.40U

1,478
14.065
6,000

888,418
619,685
888,711

100.458
49,807
00,880

wk.'89.

128,031)

739,132

1,854,863

8H',217

wk.'SS.

212,451

868,372

1,493,887

1,283,035

«,800,3:6

86,579,980

82,937,303

46,935,a6t

16,987,774

4.015,981.

6,278,631
6,340,608

68,807,298
74,066,925

63,351.066
46,677.956

47.S0S.t81

18,740,434

41,818,480

17,-^76.03t

8.84«,«15
1.881,698

Since AuQ. 1.
1880-90....
1888-89....
1887-88....

THE CHRONICLK

182
The exports from the
ndinR Jan.

Jgpom

35, 1890,

B'l'h.

Hew York

72,691

Boston...
Fortland.

17^969

Buih.
305.961
187,574

Fhllndel

25',0o6

60,10*
10,500

H. Orl'ns.

riour.

BbU.
76.202

OaU.
BuMh.
500,697

8. 346

18i",U4
573.129
353,263

BusK
51.586
16.H82
18.111

"117
83,141

BJolim'd

1889...

44,042 1,826,652

175,104
125,135

ewYork
Do

afloat.

Albany
Baflalo

OUeago.
I>o

afloat

MUwaukfle

Do

afloat

Toledo
Detroit

Oswego
Bt.

Louis

Do

1,128

86,679

7,292

Com,

Oati,

bttth.

biiili.

2,593,072 1,258.409
19.400
33.200
80.500
39.400
2.562.434
163.406
12.430
5,043,764 2,317,714 1,503,878
270.882
70,824 142.!-89
948,C05
1,603
3,470

458,200

4,416.201
73,000

331,408

435,132

914.710
559,?90
75.000

148,636
50.734
60.000
1,664.276

28,335
lbO,058

1,951,605

afloat....

Cincinnati
Boston.

Toronto
Montreal
Philadelphia
Peoria.

Indianapolis

Total

BarUy
buth.

bush.

142,342
156,800
43,4<J0

30,498
561.737
35,376
119.327
51.144

16,512
5,7S9

*

126,859
1(5,400
41.200
177.217
276,530
306,552

2.824
38,582
440,uot>

4.000
554.8B2

346,836

35,7.53

4.000
109.137
5.h44
140.957
120.583
97.335
224.749

8.000
74,634
6.151
26,945

74'.864

34,700

57.256

20870
l,277.^95
502.708
57,900

70.295

94,606
28,052

On Mississippi.

Tot.
Tot.
Tot.
Tot.
Tot.

Jan.
Jan.
Jan.
Jan.
Jan.

863,284 1,238,859
7,730.209
213,698
325,000
226,573

21
10

360
77

2,482
1,212

399

2,399

'""e

250
695
15

18
1.271

297
99
110
650

143
461
2,127

1,5.18

355
377
4,469

268

15

223

9,244
1,200

1,607

10,778
9.625

2,5(i0

10,444

1,607

20,403

From New £n«:land mill points

1.

direct.

The value of the New York exports since January 1 have
been |510,708 in 1890, against $638,253 in 1889.
There was a steady call for plain and colored cottons at
first hands, and while few large transactions were reported,
selections were numerous and reached a fair aggregate
amount. Prict s ruled firm all along the line and (as will be
seen below) print cloths have slightly appreciated at the manufacturing centers. Stocks of cotton goods are in excellent
shape and fome descriptions, as brown drills, corset jeans,
wide sheetings, white goods, quilts, table damasks, &c., are
largely sold in advance of production. Printed calicoes were
in moderate request, and there was a steady movement in
printed sateens, " wash " fabrics, ginghams, &c
from the
hands of agents and lobbers. Print cloths were in light demand, and while 56x80s are unchanged at3 3-16c., 64x64a
have advanced to 3}^c., plus 1 per cent.
,

147,'595

94,613
"ii',839

700

Kansas Cllj*
Baltimore
Minneapolis
Hi.
Bt Paul

379
78

2,560

...........

Total
* China, via Vancouver

Week. Since Jan.

1.

805

272
68
241
934
177

..............

Central America.. .,.....••..

Other countries..

5;:l,964

30,000
107,088
120,075
214.824
350,451
13.090
153,530

102
24
111
226
405

Oreat Britain

West Indies
640,697

1889.

Week. Since Jan.

Africa

afloat

Dninth

Do

Wheal,
6«»A.
4.762,162

exports of cotton goods

28.

India

The visible supply of grain, comprising the stocks in granary
At the pritjcipal points of accumulation at lake and seaboard
ports, and in transit by water, Jan. 2.5, 1890:
In etore at—

—The

1890.

to Jan.

Arabia

4",oo6

195,264 1,001,076

Nbw York

China

4d',6bo

637

H.News..

Votweek.
8*me time

CJoTTON Goods.

this port for the week ending January 28 were 2,560
packages, valued at $139,102, their destination being to the
points specified in the table below:

from

Peas.

Bve.

Buth.
1.128

2,661

MontivaL
BalUm're

DoMEsno

several seaboard ports for the week
shown in the annexed statement

Com,

Whtat.

yrew*

are

[Vol. L.

Sloek of Print

88,443
51,880

Outside speculators

25. '90 131,943,604 11.666.722 4.867.939 1.420.113 1,948.819
18. '90. 32..i40.63l 11.215.867 5.039.356 1,329.503 2.18^,029
26. '89. 35.ri95.734 13.227.603 8.l20,30i» l.«;4.4M 2.S78.766
28, '88. 41,761.081 7.i;M.733 5.510.335
332.178 2.(^95.788
k9, '87. 61,884,712 16,251, 8S»8 4,733,373
443,185 2,345,765

1890.
Jan. 25.

1889.
Jan. 26.

294,000
15,000
None.
3,000

None.
None.
None.
None.

1888.
Jan. 28.
27,000
3,000
15,000
3,000

312,000

None.

48,000

CMht—

Held by Providence mannf'ers
Fall River manufacturers
Providence speculators
(est)

Total stock (pieces)

—

Foreign Dry Goods. There is very little change to report
regarding the market for imported goods. Wholesale buyers
bought sparingly, and in accordance with near prospective
* Kansas City omitted canipulForily stocks not obtalnable.
tExelusive or Kansas City this week. DeduiiinsTK. 0. storks from requirements, while retailers were apathetic owing to the
"
;

last week,

aoual changes are—Wheat, decrease 387,761; Corn, inoreaee

597,899; Oats, decrease 141,084; Bye, lucreasd 93.685
crease 2b7.979.

;

approach of their stock-taking" period. Values of
foreign goods are practically unchanged and prices are for the
most part firm.
close

liariey, de-

Importattona of Dry Good*.
The importations of dry goods at this port for the week
ending Jan. 30, 1890, and since Jan. 1, and the same facts

THE DRY GOODS TRADE.
NEW YOKK, Friday P.
The

M., January 31, 1890

for the corresponding periods of last year are as follows

:

situation in the wholesale branches of the dry goods

M

H W

trade has not materially changed the past week.
There was
a very fair repressntation of out-of-town package buyers in
the market, but their operations were chiefly confined to a
few specialties, and even these were bought in moderate
quantities. The fact of the matter is that such large parcels
of spring goods were purchased by jobbers in the latter part
of last year ihat they are amply provided for the present, and
reassortments will not be found nece^Bary until the distributThe movement in spring
ing trade becomes more active.
goods on account of back orders was of liberal proportions,
and a feature of the week was a slight improvement in the
demand for men's wear woolens, which have been very quiet
for some time past. Values of both domestic and foreign
goods are steadily maintained because stocks are by no means
redundant, and raw materials continue very firm.

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