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ittatttM
ommtrria
AND
MAGAZINE,
MERCHANTS’
HUNT'S
%
3WrrfeJij
§Mwiss)jn|mv
the united states.
BEPRESENITNG THE industrial and commercial interests of
Subscription—Payable in Advance
:
$10 20
6 10
11 28
European Subscription (including postage)
Annual subscription in Loudon (including postage)
do
do
do
Bix Mos.
£2 7s.
£1 8s.
These prices include the Investors’ Supplement, of
issued once in two months, and furnished without extra
120 pages
charge to
subscribers of the Chronicle.
JOHN G. FLOYD.
(WILLIAU H. DANA «fc Co., Publishers,
102 William Street, NEW YORK..
Post Office box 958.
HOUSE
RETURNS.
365,908.513'
Boston...
Providence
Hartford
New Haven
Portland
Worcester
23.4S9 800
Sprinefleld
Lowell
Tot. N. Eng
Philadelphia
Pittsburg
present statement of clearings—that for the week end¬
ing February 4—is much more favorable than the exhibit for
either of the two preceding weeks, recording a substantial
gain in comparison with each, while contrasted with the week
of 1887 the decline is only 8*6 per cent.
At New York the
loss compared with a year ago reaches 8‘G per cent, but elimi¬
nating stock transactions in both years, the excess in favor
of the current year is 12 8 per cent.
Of the cities outside of
New York, the rno-d important gains are at Indianapolis,
Peoria, St. Joseph, Louisville and Springfield.
Week
Week Ending Feb. 4.
1888.
1887.
$
.!
New York
Sales of—
(Stocks
(Cotton
1888.
P. Cent
$
$
610,704,929
668,272,422
-8-6
549,457.039
-21-7
(065,812)
bales.)),
(463,900)
bushels.)); (20,843,867)
(-48-2.
(-37V>)
(+19-7.
(—0 3;
(888.242)
(—551)
(-5-3)
(24,4*9,000)
(1,865,686)
(74*,800)
(21.593,100)
(26,062,000)
67.259,990
79,162,475
+10-2
70,006,243
-1-5
4.455,500
4,348,100
+2-5
2,036.221
—4)"7
4,044,800
1,031,14*7
+ 17-4
1,837+81
1,224.372
936,725
909,543
1,113,891
1,161,*62
•4 5 4
+4-8
+0"3
+ 28 9
)!
shares.)
(Grain
P. Cent.
End'g Jan. 28.
)
(415,700)
(+2-5)
(22,700,500)
(39,854,000) (+1380)
Chicago
Cincinnati
Milwaukee
Detroit
Providence
Hartford
New Haven
Portland
I
!
Worcester...
i
,
SDringtield......
j
Lowell
645,731
86,991,133
-0-4
+ 2-4
+20‘2
57,276,630
11.4:05.034
+7-3
+200
—27-0
10,533,6(14
—14-2
j. 85,017,910
85,913,289
-10
79,775,328
+5-5
I
56,035,639
51,055,838
49-7
49,681.061
;
10+01+00
11,755,200
—8-1
4,273,004
3,680.031
1,6( 5.739
3,028.500
+20-5
10,339,050
4+06,407
+13-9
4-0-9
-j i)-5
3,5)76,546
+ 458
—9 "5
1,941,817
2,785,719
1,977,509
+11*7
2,094,387
—5'8
4-0-4
1,053,998
2.418,014
2.833,535
1,869,970
+36-3
428-8
1,002,385
2,017,279
+ 57-9
+ 16-0
49 9
2,511,582
2,005,940
+39-3
5.147.805
4,030,715
2,341,087
|
2,741.624
2,208,783
1.437,0 i 6
Columbus
Peoria
Omaha
Minneapolis
Denver
St. Paul
Grand Rapids
Wichita
Duluth*
Topeka*..
j
8,113.870
j
2.067,778
3,744.287
3.115,049
521,770
757,332
244,831
Total Western
98,064,604
8t. Louis
8t. Joseph....
New Orleans
Louisville
Kansas City
+10 6
4-15 9
479.553
488
1,7 82,119
—57-5
4 9-0
+07
+21-2
—02*2
1,171,475
360,985
87,725,030
4-11-0
17,689,227
1,483.323
16,341,183
1,112,521
4-P4
11.076,030
10,996.230
0,133,870
15,540.361
1,275,315
11,100,005
5,812.470
+32'3
983+54
869,410
6,792,883
2,514.083
1,1(9,115
790,724
—5"4
-5 5
—11-3
49,924,373
45,700,620
6,323,975
+4-4
2,420,449
1,083,134
—3"o
-71
49'9
914,478
+14-9
+9'0
44,561,087
+5-7
423-6
12,305,360
—6'5
957,750,832
94*3,226,971
-3-6
800,814.977
—13 8
| 347,045,4)03
324.054.544)
-+0S
311,35 i,988
-t-4‘8
I
i
Total all
-
-
Solely
on account
-
of the large reduction in the volume of
the New
197.228.670
212,347
46,296
17,939
15,824
-t* 19 8
312,602,763
284,610,3:5
4-10-3
+8-6
197.236,357
37,975,300
189,867,993
40,381,150
—0-8
10,057,419
12,348.327
18,204.707
10,667.235
5,981,399
9.746,012
6,131,360
8,630,367
5,694,814
3.166,256
+3-21
—
7.033,455
2,712,919
5.914.V03
10,497,243
6.25)0.298
9.5)09,586
73,489,445:
0,245,HSO|
71,441,522 +25)
5,307,850 +17-7
45.565.5i9 4-23-6
22,302 273.4-21*4
28.469,055 -t-7-2
i
__
8,413,499
’8.898,512
9oo,ul0
304+46.006
324,595,270
379,125,471; + 91
27.077,7' 12
4.795,113
*
1,411.452
0,312, 825!-48-1
56.298.9S2i
8,237,868
3,487,746
2,10«.023
30,621,0)93
56,705,992
+29-8
0,992
2-6
13,522,
8,570,
j + l'(V0
4,497, ,989 4 34 9
10,423,.171! 4 22 2
13,* 58, ,83:>j 4-1'6
7.885, ,196 4-20-6
13.547, ,060 4-11 8
2,206, 32,4-31 9
140
3,709,855
51.731,700
413,765,878
68,024,510
65,215,96*
2.711,920
3,943,500
48.728,343
19,332.133
1 *,*40,279
7,832,214
41,*89.102
20.903,814
11,026.984'
10.80/,o#8j 4-2o
17,902,423
7,953,528
4,220,778 j
3,568,594.4-18-3
3,395,684
214,286,763, 193,812,912+10-5
167,230,010
164,869,399
41,652,231
52,682,711
3,335,832,881
30.513,192
Memphis
6.380,65)11—15-2
5,418,800!
Galveston
Norfolk
63,373.433!
San Francisco.....
6,62(5,367
57,234,075; 4-10’7
4,370,844,846'
-
83
4,143,139,849
,487,543,480 1,408,158,786!
-j-
5'6
7+67,610,054! 1,150,455,285
4,003,723,215
We give below our compilation covering operations on the
various New York exchanges for January in the two years :—
Par Value [
Description.
or
Stock
Quantity
Actual
Value.
$858,500;
$556,80')
$221,150
8,147,127
$712,998,400
$38.638.60'>i
6491-
$1,058,862 123-3
$299,303: 53-8
$291,283 131-7
...
PetrTm.bbls
Our usual telegraphic
have been received and
581
$1,054,938
26-0
$137,423! 112-6
$122,030j
$750,460,130, $150,467,494 : 59‘5
$79.253,505;70 8-10c
$111,951,000
$83,336,270 $48-30
1,723,100
119,612,308 $103,237,172 86 3-10c
’! $710,294,5011
returns of exchanges for the five days
given below.
are
Week
End'Q Feb. 4.
Telegraph.
...
1S88,
1887.
$
$
1888.
P. Cent.
...
P. Cent.
.
New York
Sales
Price.
414,449,380
$811,(00
Week Ending Feb. 11.
Returns by
Average
$33,867,049 87‘7
$978,704 120*7
$3,890,100'
$631,339,465!
Total value:
Actual
Value.
.Aver'gt. Par Value j
J Price. '■ or Quantityi
$362,705,200 $243,846,930 67+
191,890.000 $174,875,040 91>^o.
Cotton.bales
2,593,100 $138,583,670 $53-44
Grain...bush
89,164.077
$74,033,225 83c.
Total
1887.
Jan uary,
J 210,126.645;
{ vfr’o >32l:i?§:sr.O
$34,
$34,92(5,200. $32,070,837.
RR. bonds...'
Gov’t bonds.
State bonds.
Bunk stocks.
of Stock (shares)....
Boston
Philadelphia
457,583,096
(643,578)
67,895,395
44.700,466
8,904,107
43,367,000
15,911.823
9,270.529
Chicago
St. Louis
New Orleans
$
-OS
511.350,350
(774,659)
73,007,722
52,828,400
9,(549,286
+15-5
46.042.000
+13.2
+ 4*5
14,548,054
10,007,022
549,058,187
-16 8
(1,920,725;
63,962,065
43,371,180
8,978.823
37,544,000
14,053,184
8+09.604
(-66 0)
+ 6-1
+ 3*2
-10O
(—48‘6>
+9-8
+4+
-80-1
+7-2
+5-8
+7-6
Total, 5 days
647,093.316
718,099,449
—6*2
131,046,287
720,737,112
151,424,218
-10 0
Estimated 1 day
-13-5
136,801,287
+05
778,739.603
98,104,263
878,101,330
86,594,850
—11-3
+13 3
854,903,736
102,14S,675
+12-2
876,843.806
964.756.180
-9*1
057.052.411
-8(t
Total full week...
York Stock
Exchange during the
bionth, the total clearings for January exhibit a falling off
from the similar period a year ago. Outside of New York,
excess of 5-6 per cent,
weyer, there ^
•
on
343,440,814
234.310 ,056:
47.956, 2' Mi j
17,794, 3931
18,358, 368
St. Louis
St. Joseph
New Orleans..,
Louisville
Kansas City
Not included in totals.
speculation
421,470,680
228,313,102
32,617.955
+ 13
362,942,809
2,909,
3,27 7,
l
297,228,871
19,553,800
8,263.448
5,851,703
374,393,431
Denver
St. Paul
Grand Rapids....
Wichita
Total all
2,185,377,596
373.470,939
20,336,000
8.739,850
5,825,286
4.0' 5.5)27
3,731,020
8,718.794
2,142,264
270,331.294
51,922,266
52,139,874
Minneapolis
+9T
4-8-6
+20 0
12,176,108
15,055,193
5,849,205
4.345,237
4,090,092
4.671.249
2,386,783
9,076, ,9241
Baltimore.,
flan Francisco
9,154,020
4,570.6*2:
4.514.712!
4 810.7701
2,8:6,812
+ 44'4
+S-2
4 33-3
489
2,375,1(6
Total Southern
508,491
716,476
4-4-6
4 39-6
+ 7-7
0.430,* 59
!
2,787.890
9.801,529
13,164, 393;
9,994, 098
6,066, 454|
12,735, ,3591
13,473, ,178
9,508, 6< 7!
15,140, o311
Outside N. Y
2,875,528,895
364,185.43:
20,331,500
January, 1888.
91,045,164
8,116,564
Galveston
Norfolk
*
3,231.488
1,621.861
*
Memphis..,
4-22-8
+9-3
i
Cleveland
+11-3
,029,308
11,601,058
Indianapolis
810,148
517,051
00,473,520
9,550,770
15,882,999
Baltimore
Cincinnati.
Milwaukee
Detroit
868,0.80
-1-0
0,
;
Chicago
716,90 4
01,927,847
11,488,9:35
!
Total Middle
1,129.510
98,383,723
Total New England...
Philadelphia
Pittsburg
803,724
906,819
864,234
055,933
8-8-0
4-4-7
—16 3
—3-5
-14-9
259,407.935
42,313.978
61,220,896
1
Boston
1885.
415,013,515)
Cleveland
Columbus
Peoria
Omaha
Tot. South
I860.
421,723,972
Indianapolis
Tot. West
P.Ct.
$
5,811,154j
Tot.Middle
The
I
$
2,521,119,735 2,9132,086,060
New York
Baltimore
CLEARING
1887.
1868.
For One Year (including postage)
do.
For Six Months
WILLIAM B. DANA.
January.
January.
%\xc Chrmiidc,
Terms of
NO. 1,181. |
SATURDAY, FEBRUARY 11, 1888.
VOL. 46.
Balance Country*
Total week. all..
*
.
For the loll week, bawd oa last week’* returns.
-51
THE
182
TEE FINANCIAL
SITUATION.
CHRONICLED
[VoL* XLVI.
lighter supply of bankers’ bills due to a relaxation in the
as offerings drawn against securities, caused an advance of a
downward. On call, so far
represented by bankers’ balances, the extremes have been half cent per pound sterling, and the market closed firm
It is
3 and 2 per cent, the average being hardly more than 2£ and so continued yesterday, but not at all active.
per cent, at which renewals are reported to have been thought that very likely the rise will bring out a supply
made.
Some of the banks demand 4 per cent, and this has of security bills which will cause another decline; but combeen the ruling rate with them and the trust companies; mercial bills are very scarce and the arbitrage business is
but on Tuesday at least one bank and two trust companies limited, so that the late downward tendency of the market
came into the market as liberal lenders of money, and the has been wholly due to loans which have been placed
amount offered was so large and the demand so light that abroad, and to a constant and good demand made upon
If the
the rate was broken down to 2@2£ per cent, and this our bankers for our bonds and other securities.
materially assisted in keeping the quotation for bankers’ free flow this way of foreign capital continues in as large
Money is still tending
remainder of the week. Time money is
One feature of the market has been the offer¬
balances low for the
also easier.
heretofore, of course the exchange market
will remain below the rate usual at this season of the year.
volume
as
ings on mixed collateral for 90 days at 3 per cent; and on the The very easy condition of the money markets of Europe
best security borrowers can obtain all the money they re¬ and the unusual amounts of capital there seeking invest
quire for from 60 days to 4 months at the same rate, and ment certainly favor an unchanged demand; and if the
for longer terms, running to 6 months, at 4 per cent. We Reading coal strike should be settled it might even give a
Suill
do not know of any of our city banks that are putting out further impulse to the foreign investment inquiry.
funds in this way; for time loans many of them prefer to there can be no certainty in low prices for exchange at
buy paper which nets them a good interest, while some of this season of the year.
It is truly surprising to note how very small indeed the
the more conservative banks show a decided disposition to
keep their money within reach by accepting the best call transactions at the New York stock market have been
such terms. Still there are during late weeks. Tne business was wonderfully limited
city and State institutions of N,ew York, and banking and last July, then again in Ddcember ; but neither period ap¬
trust corporations of Pniladelphia and other cities, which pears to have been the extreme in the depression.
We
are offering money as stated.
Commercial paper is in hardly realized this until our monthly figures for January
good demand from our banks and out-of-town institutions, were made up when we found that the total number and
except a few of those at the East, where mill paper is ab¬ value of shares sold that month were smaller than they
sorbing the funds, the market now being well supplied have been at any similar period since our record began*
with a choice lot of good names.
Rates are 4£@5 per which was in January, 1834, that is four years ago. The
cent for 60 to 90-day endorsed bills receivable, 4f@5£ for totals for this and last year have been as follows.
SALES OP STOCKS AT THE NEW YORK STOCK EXCHANGE.
four months’ acceptances, and 5£@7 per cent for good
1887.
1888.
single names having from four to six months to run.
Values.
The feature of the foreign markets this week has been Month. Number
Values.
Number
Shares.
of
Par.
Actual.
of Shares.
Actual.
Par.
the decided change of feeling which immediately followed
1
$
1
i
the speech of Prince Bismarck before the German Parlia¬
712,998,400'
414,449,389
8,147,127
210,120,645,
320,142,550
Jan....
3.926,117
ment on Monday.
Tne publication of the details of the
This statement shows that the number of shares sold
secret treaty between Germany and Austria, together with
the announcement that there wa3 another similar compact during the whole month was only 3,926,117, at an actual
between Germany and Italy, served to increase the politi¬ value of $210,126,645, against 8,147,127 in 1887, at an
cal tension, and this was added to by a feeling of nervous¬ actual value of $414,449,380. In January, 1886, the
number of shares was 8,672,154, at an actual value of $ 570,
ness which it stimulated over the possible nature and effect
That the reader may realize how these figures
of the anticipated speech; and, as a result, on Saturday 361,697.
contrast
with
an active month, we may add that in De¬
the cable reported a semi panic at the London Stock
Exchange and Paris Bourse, with more or less dis¬ cember, 1886, the total sold was 12,140,691 shares, the
turbance at the other Continental markets.
But on actual value of which was $628,877,505. - To be sure
the market that December, the last
Monday, as soon as the quiet and pacific nature there was a raid on
of the address had been disclosed, every E uropean money half of it; but the two preceding months gave nearly
In fact, for the last quarter of 1886 the
centre recovered, the closing prices showing buoyancy. as large totals.
Even after careful analysis, no exception has been taken number of shares sold at the Stock Exchange reached
to the declarations of the Chancellor, and yet there has 33,756,361, the actual value of which was $1,780,532,832;
been something of a reaction, for every one sees that so three months of no larger business than January would
long as the Bulgarian question is unsettled, and Russia’s very only give us 11,778,351 shares, of an actual value of
large force remains close on to the German and Austrian $630,379,935, or only about a third as much as during
borders, while facing it is a German and Austrian army of the last quarter of 1886 referred to. We do not look for an
at least equal numbers—every one sees that while these con¬ active stock movement until Congress shall have progressed
ditions continue, war may at any moment result, or at least in some feasible measure for the relief of the financial
As we look at it, even a settlement of the rate
that the feeling of insecurity in the political situation will problem.
rates, rather than tie it up on
Yesterday the discount rate at
London for 60 days to 3 months bank bills was 1 £ ; in the
open market at Berlin and Frankfort it was If per cent,
and at Paris it was 2J@2f per cent.
Tne Bank of
England gained £211,000 bullion during the week, which
our private cable informs us was wholly due to receipts
from the interior of Great Britain, there being no imports
or exports of gold.
Our foreign exchange market was dull at unchanged
rates until Thursday, when a little better demand and a
be of constant recurrence.
would have far less influence on
business than the enactment of laws which would cut
war
and the coal strike
down
taxes
and provide
for the disbursement of the
existing surplus.
Tne
tinued
this week been con¬
with increased bitterness, and tariffs are down now
war
of rates in the West has
figure where there can be very little, if any, profit in
carrying on transportation in that section of the country.
Nevertheless reductions are still being made almost
to
a
hourly, and there are many
who question whether
the
183
THE CHRONICLE.
11, 1888.J
February
the Stock Exchange on Wednesday decided to permi
point has yet been reached in the downward move¬
ment. The only new phase of the contest is that the fight trading in petroleum certificates, but the regulations for
such business have not been definitely settled yet. It is
is now being forced by the larger and stronger companies,
understood that the certificates will be placed among the
the weaker lines apparently having lest much of their zest
unlisted stocks ; this will permit the charging of a lower
in the conflict and showing a decidedly less aggressive atti¬
commission than that demanded for business in stocks
tude, though for appearance sake still wearing a bold
front. Perhaps this is the most hopeful sign about the regularly listed at the board.
The following statement, made up from returns collected
whole matter. The stronger lines have suffered so much
from the depredations of the weaker lines, that they may by us, exhibits the week’s receipts and shipments of cur¬
well be pardoned a desire to make the struggle rency and gold by the New York banks.
bo
hot as to compel the newcomers to sue for
Net Interior
Received by
Shipped by
Week ending February 10,1S88.
lowest
peace and
thus settle the difficulty once and
for all. Some parsons at the same time express the fear
that the Eastern trunk lines will ultimitely become
involved in the conflict. These latter to be sure have
Movement.
N. Y. Banks. iV. Y. Banks.
Currency
Gold
Total gold and
legal tenders....
$1,927,000
300,000
$1,310,000
1,000,000
Gain.
Loss.
$587,000
700,000
$2,227,000
$2,140,000
Gain.
$113,000
The above shows the actual changes in the bank holdings
little differences of their own, but we of currency and gold caused by this movement to and
do not share the apprehensions that they will become from the interior. In addition to that movement the banks
active participants in the Western struggle.
They have have lost $2,500,000 through the operations of the Subtoo much at stake for that.
The “ Soo” route of course
Treasury. Adding this item to the above, we have the
can do some harm, but there is a limit even to that. There
following, which should indicate the total loss to the New
are too many
links in the “ Soo” route, each indepen¬ York Clearing House banks of currency and gold for the
dently owned and controlled, to ensure that complete week covered by the bank statement to be issued to-day.
harmony necessary to make the route a powerful factor It is always to be remembered, however, that the bank
for mischief.
statement is a statement of averages for the week, whereas
The preliminary statement of its operations for the year
the figures below should reflect the actual change in the
1887 which the Norfolk & Western has submitted this
condition of the banks as between Friday of last week
week is a very favorable document, and bears out the
and Friday of this week.
anticipations which the monthly reports issued during the
Net Change in
Into Banks. Out of Banks.
Week ending February 10, 1888.
prtgress of the year had encouraged. The increase in
Bank Holdings.
gross earnings is over a million dollars, or nearly one- Banks’ Interior Movement, as above $2,227,000
Loss.. I1L3.000
$2,310,000
Loss.. 2,5)0,000
third larger than the previous year’s total.
0,700,000
4,200,000
It appears Sub-Treasury operations
$9.0 iO.OOO
Loss .{2,613.000
$0,427,000
Total gold and leiral tenders
that this progress is chiefly due to the growth of local
The Bank of England gained £211,000 bullion dur¬
traffic, the increase in local passengers being 40 per cent
and in local freight 44 per cent.
Of course, the larger ing the week, which amount was drawn from the interior
traffic also worked an increase in expenses, nevertheless of Great Britain.
The Bank of France shows an increase
net earnings are up from $1,291,14 7 to $1,771,014, or 37 of 6,100,000 francs gold and of 2,975,000 francs silver.
per cent. A3 a result, after meeting all charges, the The Bank of Germany has gained 11,220,000 marks. Tne
company had left a surplus for the year of $635,527, or following indicates the amount of bullion in the principal
nearly 3 per cent on the 22 millions of preferred stock European banks this week, and at the corresponding date
outstanding. In 1886 the surplus was only $131,663, and last year.
in 1885 there was a deficit of $73,861.
The balance sheet
February 10, 1887.
February 9, 1888.
shows that the company is in easy financial condition,
Banks of
Silver.
lotal.
Total.
Gold.
Gold.
Silver.
besides having the funds necessary for the completion of
£
£
£
£
£
£
21,814,390
21,029.758 21,814,390
21,629.758
the Clinch Valley Extension.
England
France
44,350,708 47,000,090 91,951,404 48,752,870 45,019,125 94,371,995
The stock market continues to show a strong under, Germany....* 21,514,820 19,079,160 40,591,000 19,302,490 17,170,510 30,533,000
tone.
The course of prices during the week has been Aust.-Hung’y 0,910,000 14,578,000 21,488,000 0,401,000 13,957,000 20,358,000
4,984,000 8,140,000 13,124,000
Netherlands..
4,300,000 8,200,000 12,500,000
rather irregular, with an inclination towards weakness at Nat.Belgium* 2,783,000 1,392,000 4,175,000 2,741,000 1,370,000 4,111,000
859,000
8,223,000
8,101,000
7,301,000
National Italy
0,983,000 1,118,000
times, but considering the remarkable combination of
91,907,870 200.439,222'111,410,759 87,115,035 198,535,391
Tot. this week
been
having
some
...
adverse circumstances that has existed,
in
values, notwithstanding the
them, proves that stocks are
unfavorable developments in
failure of the Metropolitan
this stubbornness
repeated attacks to depress
well held. The continued
the Western rate war, the
Bank of Cincinnati, the
demand of the anthracite coal miners of the
region
for
a
the threat that
advance is not
15
Wyoming
per cent advance in wages, with
strike will be inaugurated in case the
text for
an
on
the
attack
on
Lake Shore and other trunk line
has since then been a
only favorable devel¬
opment of the week was Prince Bismarck’s speech with
its peaceful tone.
Rates for foreign exchange have been
advanced, but money has continued easy, though the net
on Wedesday, but there
considerable recovery.
About the
properties
result of
the
interior movement
slight loss to the banks.
*
The division (between gold and sliver) given In our table of coin and
bullion in the Bank of Germauy and the Bank of Belgium is made from
the best estimate we are able to obtain; in neither case is it claimed to be
accurate, as those banks make no distinction in their weekly reports,
merely reporting the total gold and silver; but we
believe the division
close approximation.
Note.—We receive the above results weekly by cable, and whll«
not all of the date given at the head of the column, they are th*
returns issued nearest to that date—that is, the latest reported figures.
make
we
is a
Assay Office paid $141,979 through the Sub.
Treasury during the week for domestic bullion, and the
granted, the uncertainty about Congres¬ Assistant Treasurer received the following from the Cus-
a
surplus question—these would under
ordinary circumstances have caused complete demoral¬
ization in the market. A report that the South Pennsyl_
vania project was again to be taken up, was made a pre.
sional action
108,471,340
Tot.prev.w’k. 107,410,101 91,541,213 198,951,317 111,355,395 87,232,973 198,588,303
of money
has been
a
The
tom House.
Consisting of—
Date.
Duties.
Gold.
3.
$332,215 08
u
4.
ft
6.
342,769 30
328,270 72
(i
7.
567,273 68
ii
8
M
9.
886,316 76
255,969 29
$3,500
2,000
1,500
1,500
3,000
4,000
Total.
$2,762,845 43
$15,500
Feb.
Included in the above
U. S.
Notes.
Gold
Silver Oer
Oertiflc'8.
tiflcates.
$39,000
$295,000
39,000
273,000
70,000
85,000
80,000
40,000
190,000
413,000
731,000
173,000
$353,000 $2,075,000
$43,000
28,000
65,000
67,000
72,000
38,000
$313,000
payments were $8,500 in silver
The governing committee of coin, chiefly standard dollars.
-
THE CHRONICLE.
184
retaining of
LIABILITY OF BANK DIRECTORS.
Another bank -of
when there
speculative habits has been com¬
ttol. xlm.
any
person in such position, especialljr
much to excite inquiry, be presumptive
such
was so
evidence of gross
negligence on the part of every director
pelled to close its doors this week. This time it was the or officer, having authority over the defaulter ?
Metropolitan National Bank, a Cincinnati institution, and
This point is in no measure weakened by the decision
apparently an ally of the Fidelity Bank, which failed in made last week in the Fidelity Bank case as to the
June last.
We say an ally, because Mr. John R. Decamp,
liability of directors for the acts of dishonest employes.
who was the Vice President of the Metropolitan and has The court held in that
case, simply what has been
the credit of having wrecked it, was at first appointed
supposed to be the rule always, that “ it was no part of a
receiver of the Fidelity and was
removed by the
director’s duty to take charge of the accounts of the
Comptroller of the Currency as soon as the appointment
bank.” The general public often blame directors for
“
“
the notice of Mr. Trenholm.
to
came
The story goes
breaches of trust in
an
institution, which presuppose
a
leading officers were known to be specula,
tive; that the directors also had a little syndicate of their
own; that they all used the bank for their private ventures.
and the amount of legitimate business done by the
institution was about as one to two of the questionable
The only fact that seems to distinguish the case
sort.
that both the
knowledge on the part of each member of the board of the
bank’s workings that would take all his time to acquire.
This, Judge Sage well says, would make it practically
impossible to obtain in such positions men whom the
community would have confidence in. But he cites and
approves of the decision in the matter of the Glasgow
from others of its kind is that no one connected with the
Bank, which holds that the director is protected in trust¬
affair has gone to Canada as yet, though about four
ing the officials only so long “ as he has no reason to sushundred thousand dollars of the bank’s assets seem to
“pect their integrity.” Furthermore, Judge Sage, in jus¬
have disappeared without leaving a trace of its method of
tifying his decision, expressly states that “ it is not claimed
exit
or
its whereabouts.
“
that the defendant in that
case
had any reason to suspect
happily for specula, “anything wrong in the management of the bank, or any¬
tive officers and institutions.
We have only got through
thing affecting the integrity of the cashier.” Ia the
the first third of the second month, and yet the develop¬ failures which have occurred this
year, cited above, that
ments of this kind which have come to light could not .be seems to be the
very point of difference if the newspaper
counted on the fingers of both hands.
Among the lot, reports are correct. The law, as we understand it, is that
however, there seem to be altogether only three National neither directors nor bank officers can be held to guarantee
banks that have suffered materially.
The first was the the bank accounts or the integrity of those they employ;
The
new
Herkimer
year
has not opened
very
National Bank of this
State.
Its little diffi¬
they have no right to engage in a business which is not
published in the papers of the first day of the legitimate banking business, or to keep in their employ and
year, the announcement made being that its “ trusted and give access to their cash to men with habits which are
popular cashier” had absconded “ with over thirty thou- inconsistent with integiity.
sand dollars.”
His speculative proclivity was stocks^
culty
but
was
“
“
and he sunk
reach without
before he had ruined
the bank.
First National Bank of
was
THE
much of the bank’s money as he
could
detection, and fortunately got frightened off
as
announced
on
The other
&
the
Anything bearing upon the earnings and financial con¬
Tnat
dition of the roads in the Northwestern section of country ?
cas9 was
Auburn, also of this State.
NOR Til WESTERN'S
SPLENDID SHOWING.
CHICAGO
the 23d of last month, both the cashier
possesses
at present unusual interest. This follows both
the tendency (which has
bookkeeper having left for Canada, the shortage
being reported at the time at about two hundred thousand
dollars.
We have not seen any very late statement of the
condition, but the early reports gave out, among other
things, tl*at the cashier had been speculating, was “active
in sporting matters” and “fond of poker.playing,” though
“he had the reputation of always winning at that game.’’
Still, it was added that it caused great surprise to the
business men of Auburn that this speculative, sporting
poker-player had plundered the bank !
We do not cite these, by any means, as specimens of
National Bank management.
Tnat system does not need
defense, for it is as well officered and has a record as clean
as any in the world.
It must be remembered that on the
from the reduction of rates and
7th of December last therefore 3,070 of these institu¬
tions scattered all over this vast country and that the
pendent of land sales, the road earned over 11 per cent
on both classes of stock, the surplus above all charges and
0 per cent dividends on the common and 7 per cent divi¬
dends on the preferred stock
being no less than
$2, G12,272. In addition, the net cash received from land
sales was $G89,5S9, while the Nebraska system of roads
(in which the Chicago & Northwestern owns almost all
and the
failures
from
all
lately become
war
so
manifest) of expenses to increase.
carried
has this week been
on
The
with additional viru¬
lence, but rates have been steadily declining for many
months past, both in the Northwest and Southwest, and
hence the results for recent periods ought to disclose in
some measure the
effects of this state of things. The
information, therefore, which we are able to furnish to-day
for the Chicago & Northwestern, will be especially welcome..
The Chicago & Northwestern may fairly be considered
the strongest of the large companies in its section of
.
country.
exhibit it
showed at
Our readers will remember what an excellent
made for the fiscal year ended May 31.
We
the time that on its own operations, and inde¬
averaged less than five dur¬
ing the last ten years. Our purpose then was not to
reflect on the system, but mainly to show that each loss
mentioned above, like so many others in late years, was a
loss that ought to have been avoided, and could have been
avoided, had any proper view prevailed in the manage¬ the stock) showed a further surplus of §706,878.
ment respecting the qualifications of its officers.
Our present inquiry brings down this information to the
Is it for
a moment doubtful whether a well known “
poker player,” beginning of the new year. It is all the more important
even though he “always wins,” or an “active sporting
because, unlike most other companies, the fiscal year of the
man,” however popular he may be among customers, or a Northwest is not the same as the calendar year, and hence
man speculating on margins in Wall Street—is it at all
no statement for the latter period will
be made by the
doubtful whether any one of these is a fit man for control of company.
As is known, too, the company does not issue^
lhe money of a bank ?
Furthermore, ought not the monthly returns of net earnings, only the gross figures
causes
February 11,
THE CHRONICLE.
1888.]
185
The effect on earnings of crop changes would not there¬
Tseing published. Manifestly, however, in the present condi.
tion of things, it is essential to know not only the gross but fore appear to be important. As regards the weather,
also the expenses.
On all these various points we are able which usually plays an important part in affecting results,
to throw much light.
First as to the net earnings ; these this was decidedly adverse during January, and occa¬
sioned, we should judge, a heavier loss than that arising
we can give for the first seven months of the company’s
from the same circumstance in February last year.
fiscal year, down to the 1st «f January, 1S88, as follows.
Then
there is the iron ore traffic ; this may not be kept up as it
1884.
1886.
1885.
1887.
has been, if the present uncertain state of the iron trade
Month.
Net
Gross I
Gross
Net
Gross
Net
Gross
Net
should continue.
Moreover, in the five months from Jan¬
Earn'gs. Earn'gs. Earn'gs. Earn’gs. Earn'gs. Earng's. Earn'gs. Earn'gs
i
*
$
~$~
*
$
uary to May, last year, earnings were quite heavy, as will
j * | *
SI 1.523 2.118,448
819,392; 1,997,671: 737,073 1,996,275 779,374
June.. 2,100,2.8
871,212 2,140,493 840,513 2,036,803 j 808,932 1,976,177 783,442 appear from the following, though the gain in the net was
July... 2.240.483
2,009,794
1,188,896 2,328,470 1,132,901 1,922,235 823,869'2,027,982 740,255 small as compared with that in the gross.
Aug.
i
•
Sept... 2,853,042 1,458.351 2,746,151 1,516,809 2,552.325
l,361,38Sj2,340,914 1,115.051
Oct.,.. 2,780,210 1,432,414 2,810,906i 1,533,460 2,878,469;]1.015,533 2,523,843 1.336,853
1,996,509 985,741
Nov... 2,050,190 1,244,731 2,302,009; 1,145,619
872,057 2,174.554 1,005,545 1,971,396! 957,78111,951,745
910,780
Dec... 2,191.503
2,259,5411 1,093,38:.'
$10,087,697
$15,618,448
This
$14,819,143
9,027,322
8,087,399
$7,879,784
$8,000,298
exhibit
1886.
Net
$
i
Oppr. exp. &
Net car’ngs
Gross
Gross
1885.
Net
Gross
1884.
Net
(
Gross
Net
Earn'gs. Earn'gs. Earn'gs. Earn'gs. Earn'gs. Earn'gs. Earn'gs. Earn'gs.
Total gross
earnings— $17,507,100
taxes
1887.
■
Month
8,221,837:
$7,390,011
Jan
8,081,349
...
Feb...
$6,73.8,090
March
April
is
.
$
*
$
$
$
131,042
329,802
937,977
713,803
857,309
1,723,173 227,233 1,328,107 df.32,027 1,512,680
1,034,180 394,304 1,678,500 529,755 1,479,803
2,334,783 1.127,072 1,986,025 945,078 1,986,542
1,839,334 622,558 1,720,017 603,243 1,770,829
2,102,149 878,908 1,947,902 917,113 1,932,756
*
?
;
1,502,419
1,504,101
50,055
1,700,910
337,752
631,075
1,822,164
023,000
2,070,829 1,001,775
evidently satisfactory, net earnings May
Total. 9,033,619 8,250,675 8,001.151 3,02:\‘ 2 8,082,010 2,970,053 8,072,453 2,653,803
falling only $120 514 below the exceptionally heavy total
for the corresponding seven months of the previous year ;
But whatever the outcome of these five months in 1888,
and yet it shows that the course of the net has been quite
this much is certain : the seven months of heaviest traffic
different from that of the gross, for the latter has and
largest earnings are past, and on the results for this
improved $820,000 on the heaviest total previous’y period the company is only $120,514 behind the \ery
recorded.
In other words, owing to an increace of
heavy net of the previous year. Such a large margin
$939,923 in the expense account, an increase of $819,409 above charges and dividends shows that there is room for
in earnings is followed by a loss of $120,514 in the net.
even a
very considerable loss before affecting the surplus
It will be noted that while only one of the seven months
materially. Besides, with the data given and other infor¬
records a decrease in gross, four show a decrease in net
mation in our possession, we can make up the results com
The
heaviest
..
decrease
it* the latter
occurs
in the
las
plete for the calendar year (including both changes and
the falling off for that month
interest), thus bringing the accounts up to the 1st of Jan¬
reaches $132,8S8, while for the whole seven months it is
uary of the present year.
In the following we give the
only $120,514, as abeady stated. Some may consider totals for the twelve months of 1887, and for the three
tlrs significant, in view of the general reduction of
years pveceding.
This exhibit has never been prepared
rates that went into effect in December, the inference
before for the calendar year, and we have been to some
being of course that the lower net follow from that cir. trouble to get several of the items, but as it stands the
cumstance.
We, however, deem the figures by no means statement is correct and will
prove useful, both on its own
conclusive on that po’nt.
In the first place, the course of account and in comparison with the results for other roads
the net has been very irregular all through the seven which
make up their reports for the same period.
months, one month showing an increase, the next a
Tied
Months ending December 31.
decrease, and so on. In the second place, heavier expenses
Chicago <fc Northwestern.
month—December.
In fact,
j
re
have been
feature in other sections of the country, even
where there has been no decline in rates.
Of course, if
the
a
is to continue any
considerable time as bitterly as
it has progressed this week, no one can forecast the result.
Of the ordinary influences during the remaining five
months of the fiscal year, it is to be said that the crops
were not particularly good last season, but neither were
they the year before, so that changes on that account
should be slight.
This may be seen from the following
showing the yield of corn,.oats and wheat, in five of the
principal Northwestern States through which the com¬
pany’s lines extend. We have omitted Illinois, because
the system runs through only the extreme northern end of
that State, and have included Nebraska because the com¬
pany’s trans-Missouri lines are situated there. It will he
war
observed that while there is
a
loss in the
case
of corn, on
Miles of road end of year
Gro
s
earnings
Operut ng expenses and taxes*
Not earnings
Chn rges—
Interest (less
credits)
1887.
1886.
1885.
1884.
4,209
4,101
8,949
3,843
$
$
9
*
27,140,725
10,010.200
25,348,848
14,324,788
24,301,058
13,034,394
23,401 j 98
14,099,939
11,130,459
11,024,000
10,300,064
9,301,959
5,105,018
5,203,118
5,457,0-43
4,707,290
nnn
58.000
58,000
Rentals
1,080.832
Sinking funds
*
Total
5.223,018
*
5.201,118
70*) 0.12
5 515.043
5,788.123
*1 ftfi 1
a ana
Ofcl
3,763,472
3,404,917
Lividends
3,462,142
3,4. 5,022
Surplus
2,445,209
2,307,920
1,087,540
138,920
95,058,500
91,304,500
89,960,500
101,077.500
Funded debt Dec. 31
*
Taxes
were
$710,497 ill 1887, $707,111 iu 1886, $672,187 in 1885
and $GS8,921 in 1884.
Noth.—Dividend payments
6 per
above cover 7 per cent on preferred and
cent on common for 1887 and 1886, 7^ on preferred and 6*2 on
common
in 1885, and 8 on
preferred and 7 on common in 1884.
Thus for the calendar year the showing is only a trifle
yield of wheat and oats in the five less favorable than it was for the fiscal
year ended May
States in question is larger than the year before, the heavy
31, the surplus for the twelve months being $2,445,209,
production of wheat in Dakota, especially, being a favor¬ so that in the one
period as in the other, the company
able feature.
earned above 11 per cent on both classes of stock, and that
Corn.
Wheat.
without counting the surplus on the trans-Missouri lines or
j
Oats,
State.
1887.
1887.
1880.
|
1886.
|
1887.
the income from land sales. In the calendar year 1886, tho
( 1836.
Iowa.. .bush. 183,502,000.198,847,000, 20,837.000 32.455,000 74,382,0001 78,454,000
Minnesota... 18,081,000: 19,905,000; 30,299,000 42,850,000 40,036,000 40,735,000 surplus was $2,307,920, in 1885 it was $1,087,549 and in
Wisconsin... 25,775,0001
28.493,0001 13,063,000 14,725,000 .34,855,000 39,050,000 1884 only $138,920—the latter, however, on dividends
Dakota
20,992,000: 15,805,000, 52,406,00 > 30,704,000 37,200,000j 20,051,000
one per cent higher than they
are now. The increase in
Total
218,350,000 263,050,000 128.005,0 .(• 120.740,000 187,139,000,179,496,000
Nebraska
93,. 50,000 100,120,on0 10,585,00
17,449,000 25,305,000} 21,805,000 expenses in the late year is very strikingly brought out in
Total nil... 341.500j.00 300.179,000 145,190.0o 138.189.000 212,504,000 201.301.0 >0 this statement.
It is found that, as compared with 1886,
the other hand the
186
THE CHRONICLE.
course
he should be removed.
writer
on
HTol. xiai.
Interest
incapacitates any
any subject. The mind is a weak enough instru¬
ment at its best, but weight it with a bias and then ask it to
Or if
half occurred in the first five months.
As railroads reflect the truth, is taxing it beyond its capacity.
there
is
evidence
of
dishonesty in either the preparation or
are
always more liberal in making expenditures in
in the giving out of the reports, no one would hesitate to
prosperous times, a part at least of the addition to the
favor removal.
Some suOh idea was current when the
expense account must |be ascribed. to that circumstance;
and hence represents a sum which in less favorable times November cotton figures were issued—the absurdity of the
or under
the stress of necessity cam be saved, besides figures, the fact that they differed so strangely from the
which the company had, as we have seen, on the opera¬ previous statement of condition, with the coincidence that
tions of the twelve months a surplus above dividends and a New Orleans report issued a few days previously had
given out a similar total with variations in the product of
charges of $2,445,269.
With reference to the debt, it will be noted that it is the States, afforded just enough plausibility to the rumor
to float it.
But rumors of that kind have very little
now reported at
$101,077,500, against $97,384,500 on
value in any case, and as the present Statistician has held
May 31. The increase results chiefly from the issue last
October of $3,662,000 additional of the new extension 4 the position so long, the character he has won entitles
him to acquittance, especially since if there was any basis
per cents.
Three and a half million of this new issue of 4
for the charge, it could easily be traced by the Depart¬
per cents represents extensions of the Fremont Elkhorn &
earnings have risen no less than $1,791,877, but
net earnings only $106,399, expenses having increased
$1,685,478.
Of this increase in expenses almost one-
gross
Missouri
ment.
Valley road, and therefore involves no increase
The truth with regard to the cotton report no doubt is
in the fixed charges of the Northwest, the Elkhorn
road being fully able to take care of the charges itself that Mr. Dodge failed just as every one does and must fail
In fact, that may be said of the bulk of the addition to who gets out such a document on information obtained at
the Northwest’s funded debt during the last two years? the time of its preparation, and has the luck to “guess"
nearly right for a number of years. Success increases his
over 9£ millions of the new fours having been issued on
account of the Elkhorn road.
With this deducted the risk, which was extreme before; like a speculator in stocks
debt would be but slightly higher now than it was in 1884. who makes a happy venture two or three times. To
As regards the company’s mileage, that has been count the bales of cotton before they are gathered or even
increased 108 miles since last May, and now stands at fully grown where the area is as large as it is in America
4,209 miles—of course irrespective of the mileage of the is beyond the ken of any man. It has got to be a “ guess n
trans-Missouri system.
Of this increase of 108 miles, 35 at best. No good reporter attempts anything more. Hence
miks is on the Iron River road, extending from Iron they all, Government and private, get in the habit of read*
River, the terminus of the Menominee River line, to ing the responses they receive from the South between the
Watersmeet, on the Milwaukee Lake Shore & Western; lines—what we might call discounting them. One report
forming a continuous line between Ashland and Escan. made in this city has adopted the plan of honestly and
aba, and improving the company’s position on the iron ore openly adding a certain percentage to the result it reaches
Mr. Dodge
traffic. In addition, the Dakota Central has been extended from its letters and calls that its estimate.
westerly 43 miles, from Faulkton to Gettysburg, while the substantially acknowledges the same practice when he says
Doland branch of the same road has been extended 14^ that his way is “imperfect and partial and more or less a
miles further north, from Verdon to Groton. At the same “matter of judgment and opinion.”*
He tries at the Earae
time
to
time the Cedar Rapids cut-off of six miles has been built,
humbug himself a little and the public too (inno¬
as also the Sioux Valley railway from
Kingsley, la., to cently we presume—for the feeling of paternity for one’s
Moville, la. This completes all the construction work offspring is strong) into believing that his method of
reported as under way in the last report; and we suppose estimating and his estimates are in a degree superior to
also mo9t of the new lines in Nebraska have been completed other methods and other estimates, whereas in kind they
(though we have no definite knowledge on the latter point),' are all precisely alike, “imperfect,” “partial,” matter of
so that practically the Chicago &
Northwestern has no “opinion ” and of “ judgment.” But what is a fatal diffi'
further new work on hand at present.
culty is that all of them, too, have in common this innate
source of weakness already referred to—that after a few
years of partial successes the estimator comes to think
GOVERNMENT CROP REPORTS.
that he is a prophet indeed, and thus with his “judgment'*
A Washington dispatch to the Associated Press this
dethroned, he rushes to his own destruction.
week states that a communication, signed by 88 members
The conclusion then of the whole matter in our view is
of Congress, has been received by the Commissioner of
that Government estimates of the crops should be at once
Agriculture, asking for the removal of Mr. Dodge, who and for all time given up; we refer to the “ estimates” of
has so long been Statistician of the Department.
This is the yield now made through the fall and winter months.
an unusual
proceeding, and is said to have originated with The very fact that they are “ official ” and sometimes right
the tobacco growers who were aggrieved by the Statis.
makes them on occasions extremely harmful to our indus¬
tician’s crop reports last summer.
This latter statement tries. Give them up by all means, and let it be clearly
as to the tobacco growers, is probably a
perfectly truthful understood that the work of foretelling future events is
representation of the feelings of the large majority of hereafter to be kept outside of Government circles. What
those engaged in that industry, and probably also fairly
the Agricultural Department can do with great benefit to
reflects the feelings in the commercial circles affected by
the public and unerring accuracy is to publish, with
other crop reports issued by the Department last year.
its monthly condition figures (for it should continue those
They were nearly all of them singularly unfortunate.
reports through the spring and summer months) an
But having said that, we must add that we see in it no
the weather, temperature and rain¬
exact record of
reason whatever for the removal of Mr. Dodge.
Has he fall, at a large number of stations in each State;
not done as well as any man can do in that business ?
If not State averages of weather—for that is a method
there is evidence of his speculating in commodities, and
See letter of the correspondent of the New York Commercial Bulletin
therefore having an interest in the effect of his reports, of of November .25, 1,887.
8
February
THE CHRONICLE.
11, 1888.]
concealing the truth—but the details at each station.
If the Department furnishes the public these facts
regularly and promptly, without any official inter¬
pretation or coloring of them, it has put into the hands of
the people as much of and as true a guide to a correct
of
off
compared
as
case of
it is
possible for it to furnish.
Then in the following
April, when the marketing is nearly completed, and the
element of uncertainty almost wholly eliminated, let it add
to its good offices a compilation of the yield of each of the
leading crops in each State.
previous year, and in the
for the whole six years is
recorded.
RECEIPTS AT CHICAGO DURING JANUARY.
Receipts.
188S.
Wheat, bush
1887.
1886.
400,630
2,353,717
Corn., bush.
685,977
2,870,238
Oats...bush.
2,281,022
1,003,485
3,374,219
2,746,844
Rye. ...bush.
Barley.bush.
103,146
40,722
1,075,217
1,141,106
Total grain.
Flour...bbls.
7,015,603
572.254
8,396,376
580,920
9,173
Pork... bbls.
6,786
Cut m’ts.lbs-
13,042,205
lbs.
5,269,501
21,942,049
10,635,442
Live hogs No
584,734
541,867
Lard
JANUARY GROSS EARNINGS.
with the
lard the lowest total
judgment respecting the promise of the coming harvests
as
187
1885.
1884.
1883.
2,146,107
5.024,682
1,515,124
6,085,287
1,667,707
59,139
1,107,931
2,451,673
2,346,259
260,463
1,260,458
771,967
1,057,928
4,767,839
1,918,727
202,799
987,496
5,589,124
177,540
10,980,586
430,703
2,554
14,074,730
6,175,402
0,039
20,590,916
5,940,424
10,979,100
479,466
3,799
12,848.735
657,753
773,073
97,666
7,650,095
550,937
8,934,789
504,283
7,604
16,972,096
6,042,852
740,674
But the grain movement was much smaller at other
January was not a good month for the railroads, and
our statement of earnings below shows it.
Out of 101 points, too. Thus Sr. Louis lo9t about a million bushels
roads reporting, 38 exhibit lower totals than a year ago, in corn, and Duluth against 1,117,406 bushels of wheat
and the aggregate increase is much smaller than we have in four weeks of January list year, had only 336,189
accustomed to of late, reaching only $799,523.
bushels this year.
Peoria was an exception to the rule of
considering the many adverse factors the railroads decrease, but even with a gain of about 3 J million bushels
had to contend against, as we shall presently show, the in corn and oats at that point, the grain receipts at the lead¬
statement is a very satisfactory one. Indeed, it is noth¬ ing lake and river ports of the West were three million
ing less than surprising that there should be any increase bushels less than in 1887, as will appear from the follow¬
at all on the roads as a whole.
ing.
The weather probably played
a more prominent RECEIPTS OF FLOUR AND GRAIN FOR FOUR WEEKS ENDED JANUARY 28.
part in reducing earniogs than any other influ¬
Rye,
Barley*
Oats,
Flour,
Wheat,
Corn,
(bush.)
(bush.)
(bbls.)
(bush.)
ibush.)
(bush.)
ence, especially as its effects were so general and
Chicago—
The railroads are frequently troubled 1883
widespread.
039,490
88,394
542,826
2.645.018 2,038,166
614,466
564,373
40,122
3,303,539 2,630,541 1,061,805
1,053,022
with snow and ice in January, but this year their ex¬ 1887
Milwaukee—
43,020
321,438
74,280
107,000
1888
151,618
455,593
perience was particularly hard. Sn ;w blockades of un¬ 188?
15,440
167,400
275,610
96,000
136,056
806,708
St.
Louis—
usual severity were encountered both in the West and in 1888
145,200
14,300
1,653,885
783,505
190,684
53,757
265,800
29,700
2,638,601
391,300
316,696
73,111
the East, and extreme cold weather was felt as far south 1837
Toledo—
3.166
19,915
140.926
7,145
1888
12,980
131,374
as Texas.
Tuere were quite a number of “ blizzards ” 1887
21,407
24,904
9,556
213,408
26,998
256,292
Detroit—
during the month, but the one that did the most damage 1888
85,441
49.572
220,783
96,726
15,714
become
But
'
•
15,444
484,055
188,3*26
88,803
94,111
1888
1887
13,725
13,304
150,002
94.250
93,500
137.258
67,500
39.040
143,800
Peoria—
1888
1887
5,876
10,625
76,000
33,500
1,236,300
509,000
963,800
79,800
60,000
42,350
5,911,025
7,042.374
4.604,579
4,099,216
1,664,475
1,806,717
1,858,313
220,570
118,318
122,770
that which occurred towards the end of
1887
week, and which caused such serious obstruc¬
tions to traffic in that and the succeeding week.
As an
illustration of the effects of these obstructions, we may
mention that during the continuance of the storm trains
on the main stem of many roads west of Chicago were de¬
layed from 15 to 30 hours, while branch roads were ia most
in the West
was
the second
cases
and
completely blocked, some of them for several days
even a
full week.
On the Manitoba there is
a
branch
Cleveland—
541,825
107
15,487
23,500
Duluth—
336,189
1,117,406
1888
1887
Total
1888
1887
1886
of all—
2,205,091
4,211,509
2,0:36,234
799,490
839,911
459,940
3,9<i8.8«6
2.767,385
Note—Receipts at Minneapolis not included in the above
four weeks this year 1,597,500 bushels of wheat.
table were In the
With regard to cotton the movement overland was
early as December 29, and remained
January 24. In the East the storm that did 32,498 bales less than last year, aad the receipts at the
most harm was that of January 26, 27 and 28.
Tnis ports fell off 100,000 bales, reaching only 474,765 bales,
Tde latter falling off was not
affected all the Northern trunk lit.es, New York Central, against 574,942 bales.
uniform,
Savannah,
Brunswick,
and Charleston, and also
Lackawanna, &c., and the roads through New England. As
late as February 5 it was reported that the New York West Point, having increased their receipts over 1887.
Central had not yet recovered from the effects of this Below are the details.
that was,
closed to
closed
as
RECEIPTS
blockade.
But in addition to the weather,
adverse features.
Cnief among
Southwestern roads,
COTTON
AT
IN JANUARY,
SOUTHERN PORTS
1888, 1887
1880, 1885 AND 1884.
there were many other
these were the continued
differences among Northwestern and
under which rates which had been
OF
January.
Ports.
1888.
Galveston
bales.
47,422
1887.
00,419
]
1880.
54,647
1885.
32 990
1884
51,288
385
407
previously reduced
Indlanola, &c
|
173,775
206,498
183,«3l
1P0,813 273,789
New Orleans
were reduced still more, the contest growing in bitterness
22,735
46,011
28,458
29,435
31,140
Mobile
4,568
12,922
4,498
6,038
1,587
and violence as the month progressed.
Tae strike of the Florida
47,507
01,030
59,857
52,696
61,371
492
750
Schuylkill miners with its effects in stopping operations Brunswick, &c
2,574
1,801
7,166
31,085
32.808
2?, 966
23,817
30,339
in other departments of industry, was also an unfavorable Charleston
829
1,615
965
1,420
1,216
Port Royal, &c
0,538
7,427
11,625
7,378
10,065
element, though there are not mauy roads in our table Wilmington
568
918
271
674
1,461
Washl igton, <fec
which were directly affected by that circumstance.
Tnen
67,792
58,082
55.049
42,978
40,031
14,903
18,857
24,180
West Point., &c
37,122
52,5-27
both the movement of grain and of cotton was decidedly
423,851
480,012
429,268
Total
474,165
574,942
smaller than a year ago, and the provisions movement also
was less.
The receipts at Chicago furnish a fair illustra¬
Finally it is to be said that we are comparing with very
tion of this in the case of grain and provisions.
II ire is heavy earnings last year. Our table then contained only
an exhibit
covering January of the last six years. It will three roads (out of 97) which showed a decrease, and the
be noticed that the total receipts of grain were the smallest aggregate increase was so large that in only two subse¬
of any year except 1836, when similar snow blockades quent months during the year was the amount exceeded.
existed.
Pork, cutmeats and lard all show a heavy falling In other words the increase was $3,828,885, or over
•••
THE
188
CHRONICLE
GROSS EARNINGS AND MILEAGE IN JANUARY.
The following gives a summary of the Jan*
results for a series of years.
20 per
nary
cent.
Gross
Name
Jan., 1883 (61
Jan., 1884 (51
Jan., 1885 (70
Jan., 1880 (64
Jan., 1887 ;97
Jan., 1868(101
In
Increase
Fear
Year
Year
Olven.
Preceding.
Given.
Preceding.
Miles.
Miles.
Jan., 1881 (45 roads)
Jan., 1882 (52 roads)
roads)
roads)
roads)
30.140
25,771
41,559
47,430
3+298
51,485
30,645
43,277
34,720
49.579
44,682
53,592
57,711
45.900
roads)
roads)
56,127
roads)
60,642
11,185,429
14,508,048
18,225,763
12,973,954
16,972,869
14,565,336
18,371,020
20,873,496
13,553.048
22,199,905
21,073,019
$
Inc.
1.144,423
Inc. 3,538,963
Inc. 1,376,675
Elec.
30,849
Inc.
825,107
Dec. 1,012,288
Inc 3,828,885
Inc.
799,523
.
only 5 per cent increase in mileage
gain in earnings the present year, after
a very heavy
gain last year, and this notwithstanding the
many unfavorable circumstances prevailing which we
Hence there is good ground for
have detailed above.
asserting that all things co rsideiing the exhibit is very
satisfactory.
Takii g the roads by groups, Southern reals, as a class?
have done better than any o ther, though this does not
apply to some of the lines west of the Mississippi, which,
we
brief, then,
have
as a
a
on
further
result of the bad weather end diminished
cotton
re¬
ceipts, show reduced earnings,
amorg them the Houston
The Mobile & Ohio also shows a heavy
& Texas Central.
loss, this road having to meet considerable new competition.
But the Louisville and Nashville, the Central of Georgia,
the East Tennessee, the Richmond & Danville, and the
Norfolk & Western, all have very good statements, in
most cases showing ihe heaviest earnings ever made in
January. Many of the Southwestern roads also make
very good statements, as, for instance, the St. Louis Ar
kansas & Texas, the Fort Worth & Denver, the Texas &
Pacific and the
St.
Louis
&
San
Francisco.
Here is
comparison for six years on a few leading companies.
shows a very heavy increase since 188G.
1888.
January.
Ches. Ohio & So’n-
$
100,759
145.CCC
Cin.N. O. &Tex P.
277,627
265,194
E. Tenn. Va. &GaIll. Cent. (So. Div.)
480,470
422,487
359,500
Louisville & Nash.
1,283,735
380,254
1,228,093
*202,118
*238,015
346,144
392,698
3,506,046
3,325,785
Mobile & Ohio
Norfolk & West.
..
St. L. & Sun Fran.
Total
1885.
1886.
1887.
$
$
117,265
199,715
324,031
827,889
$
1884.
$
115,518
201,647
427,885
407,350
101,691
188,233
317,988
338,041
1,050,080 1,170,750 1.039,317
*184,263
201,681
179,228
261,656
218,907
275.313
229,255
3L2.7S0
213,020
386,486
2,698,069. 3,056,866
J
313,759
a
It
Atlantic & Pacific....
Buff. Koch. & Pittsb
Burl. Ced. Rap. & No.
Cairo Vine. A Chic..
the
Northwest
unfavorable.
the
returns
are
1883.
$
'97,845
185,720
323,241
424,114
1,118,735
216,212
200,487
278,321
2,094,283 2,844,675
pretty generally
This follows from the
large earnings which
these roads had a year ago, from the bad weather, the
cutting of rates and the falling off in the grain move¬
ment.
Even roads like the Milwaukee & Northern and
the Milwaukee Lake Shore & Western this time report a
decrease.
Only in one or two cases, however, is the
heavy. The St. Paul & Duluth is one ol
these, but the comparison is with an exceptionally large
decrease at all
total last year.
handsome
The Northern Pacific
increase
13
1887.
123,410
220,208
$
+21,448
+20,177
818
294
818
294
—11,904
1,039
—3,1,83
1,039
57,721
California Southern
Canadian Pacific
124,395
+25,042
205
210
+159,507
+0,540
+68,354
—9,701
100,759
043,493
20,713
418,198
109,440
145,000
205
278
4,337
..
Cape Fear A Yad.Val
140,543
138,555
+ 1,988
+ 2,533
•
Central of Georgia...
Central of Iowa
Ches. O. & S. W
....
Chicago & Atlantic...
Chicago & East Ill.
$
157,020
43,581
.
Chic. A Ind. Coal
Chic. Milw. A St. Paul.
28,412
1,190,239
1,452,000
3,274
Chicago A Ohio River.
Chic, St. Paul A K. C.
Chic. & West Mich...
*Cin. Jackson & Mack
Ciu. N.O. & Tex. Pac...
Alabama Gt. South
N. O.A North East
Vioksb. A Meridian.
47,252
85,239
170,490
42,930
313,430
24,901!
24,093!
0,031
82,045
84,859
18,521
205,194
127,791
09,<’03
53,258
59,099
85,010
182,801!
30,700
298,349
24,405
28,404
204,518
223,505
597,100!
545,050
71,559
9,20.8
121,802
82,111
22,074
277,027
130:749 j
75,049
40,000
Vicksb. Sh. A Pac...
Cin. A Springfield.. ..
Cin. Wash. A Balt
Clev. Akron A Col
Clev. Col. Cin. A Ind
Clev. A Marietta
Col. A Cin.Midland...
Col. Ilock. V. A Tol...
Deny. A Rio Grande..
Denv. A R. G. West
*Denver Texas A Gif
Det. Bay City A Alp..
Detroit Lans’g A No
aDiiluth S. Sh. A Atl.
East Tenn. Va. AGa..
Evansv. A Ind’nap’s.
Evansv. A T. Haute..
Flint A Pere Marq.
*Fla. Rv. A Nav. Co
Ft, Worth A Denv. C’y
&Gr. Rapids A Ind'a...
t( iraiui Trunk of Can
•"Houston A Tex. Cent
Ill. Central (Ill. Div.)
—
80,075
14,999
27,500
.
00,513
..
171,395
183,403
1,002,354
133,529
179,522
1,100,440
101,047
09,470
01,270 !
(Southern Div.)
Ind. Bloom. A West
Ind. Decatur A Sp
Kan. C. Ft. S. A Gulf.
*Kau. C. Sp. A Mem
"Kan. C. Clin. A Sp...
Keokuk A Western. 7.
579,094
187,305
202,000
42,487
151,043
108,933
380,254
28,471
128,293
83,752
9,427
13,190
29,200
24,545
0,374
9,525 !
Kingst. A Pembroke.
143,440
140,380
Lake Erie A Western.
17,008!
20,912
If Lehigh A Hudson..
Little Rock A Mem...
08,050
81,474
I
174,407
158,851
Long Island
Louisv.Evans. A St. L.
75,001
04,318
Louisville A Nashv...
1,283,735 1,22.8,093
Louisv. N. All*. A Chic.
135,410
139,417
Louis. N. O. A Texas.. !
230,012 1
218,003
110,704
117,021
"Memphis A Char’ton
505,000
421,820
{Mexican Central
Milw. L. Sh. A West...
133,434 i
142,885
Milwaukee A North
63,180
01,482
117,815
81,000
Minneap. A St. Louis.
Mobile A Ohio
202,118
230,015
Natchez Jack. A Col..
15,255
15,041
N.Y. Cent. A Hud. R..
2,710,704 2,714,710
N.Y. Out. A West’rn..
90,105
100,359
Norfolk A Western.
349,144
201,0»0
Northern Pacific
050,380 j
571,421
Ohio A Mississippi...
289,924
295,219
Ohio River.
20,030
18,404
Ohio Southern
53,470
50, ISO
Peoria Dec. A Evansv.
58,500
70,039
Pittsburg A Western
117,508
153,100
Riclun. A Danville..
289,350
257,775
'Va. Midland Div...
94,375
09,000
"Chari. O. A A. Div.
51,300
45,000
Col. A Givenv. Div
41,000
34,825
'
•
able to show
a
Western N. C. Div
*Wash. O. A W. Div
*
A si lev. A Spar. Div
§St.L. A. AT. II. m. 1..
Do
Branches..
St. Louis Ark. A Tex.
St. Louis A San Fran.
St. Paul A Duluth
St. Paul Minn. A Man.
Shenandoah Valley...
Staten Island Rap. T.
Texas A Pacific
Tol. A. A. A N. Mieli..
Tol. A Ohio Central
Tol. Peoria A West...
Wabash Western
West. N. A'. A Penn:..
..
Wheeling A L. Erie...
notwithstanding the
398
208
510
398
208
+
277
247
442
+ 3,553
+ 12,433
321
330
+8,958
+0,040
—7,192
—12,447
295
1901
—12,371
80
2*1
+0,176
+15,087
-i 439
144
391
100
—3,7 11
70
325
1,401
1,317
309
213
208
307
309
123
108
208
307
1,098
1,098
143
170
123
+3,104
—9,780
+ 32,212
+ 57.933
•
-
—1,930
-1
8,320
21,105
+4,190
138
150!
303
574
2,924
513
513
1,159
1,159
794
794
15,235
532
532
152
389
14,010
152
—22,750
—25,181
+ 3, / 09
+ 1,055
+ 3,151
389
2*2
174
148
—2,940
548
03
135
354
254
174
148
115
548
03135
354
254
1,973
2,023
537
511
330
511
330
+11,343
+55,642
—4,007
+ 11,949
—0,257
+ 83,780
—9,451
—
209
.351!
0*7
1,441
1,441
321
554
321
533
3,277
2,893
010
172
12 +
254
307
774
355
373
290
—12,139
—35,538
+31,575
+ 24,775
+0,300
+ 0,1,.)
•
373
290
290
50
70
207
290
800
-! 3,275
0,500
-*
4,001
+ 51,030
+ 0,207
54
70
207
1,212
—31,003
+ 23,170
—7,288
2,051
255
+2,255|
21
255
21
+32,9071
13,120:
1,4*7
1,487
1*4
213
247
1*4
213
247
8*0
003
1*0
704
50,000
57,283
42,883
557,530
48,303
40,023
524,509
35,2 12
85,950
105.734
72,511
.
414,050
213,900
09.243
74.025,
400,895!
189,809!
51,631
i
210,535 j
188
203
9 10
735
903
1225
230
+
+ 19,778)
—2,114
+ 13,755;
1,001
+24,091;
+ 17,012!
+4,224
003
186
754
bad weather &\\fjsconsin Central...
Total (101 roads)... 21,073,019 20,873,196! +799,523-00,042
prevailed. The
Includes tliroe weeks only of January in each year,
Manitoba also reports a small gain, but its
mileage has
t For four weeks ended January 28.
{Mexican currency.
been very greatly increased.
§ Including Indianapolis A St. Louis.
Below is a comparison for
If Decrease due to coal strike.
six years on a few of these roads.
a Including Detroit M. & Marq. anu Marq- Hough. & Out.
220,759
and other adverse influences that have
1,800
-
57,711
*
b All lines.
Jan nary.
188S.
$
Bur.C.
Rap. & Nor.
Central Iowa
208,244
St. Paul & Duluth
99,745
1,452,000
656,380
67,854
St. Paul Minn. AM
482,421
Chic. Mil. & St. P.
Northern Pacific..
Total
i
2,900.050'
1887.
1886.
1885.
1884.
1863.
As
$
220,208
177,563
223.719
109,446
82,907
1,490,239
1,445,174
571,421
480,3S0
86,247
1,517,397
553,582
98,857
459,251
57,122
81.280
71.494
71,401
405,539,
462,125
452,570
489,763
1 st
2.92*,450
2,932,829
2.554,119
f the
2,949,422
$
2.64*035
$
$
213,863
$
197,403
113,702
77,309
1,467,097
614.103
1,359, IDS
358,985
regards the Eastern trunk lines,
indicated what
was.
sion
a
we
hindrance to traffic the
Hence the decrease
on
have already
snow
blockade
the Grand Trunk will occa
surprise, while it is quite gratifying to note that
large earnings of
year, and even slightly increased the total. Among
Western connections of the tiunk lines, the Cleveno
the New York Central has maintained its
*
,
.
S
|
|
I
1
!
i
'
128
254
307
774
+13,025
98,857
459,251
k
010
172
0,075
380,480
1
0*7
100
loot
29,050
392,693
07,854
482,421
f
573
243
351
573,
0,875
5,775
100,0*9
78,0*0
217,054
j
|
520
42,075
2,500
154,189
74,085
100,021
|
1,230 •1,236
.
1.302
—30,84 5
—33,897
—380
+ 1,994
+ 10,194
+*7,488
+ 84,905
—5,295
+ 8,220
-i 5,710
(
o^‘>
115
+15,556
£
|
2,924
—13,424
t
558
—38,092
-28,118
—50,294
—20,754
—3,844
?.
v
270
558
—
\
138
150
301
534
103
+23,057
-1 3,881
—
i
80
413
280
330
295
190
143
170
80
281
144
391
100
70
325
371
i
119
80
002
413
..
..
510
5,298
05,280
529,400 j
359,500 C
l
\
140!
—19,047
+ 51,750
+ 15,110
+ 5,791
37,019
173
5,021
54.010
192,500 j
1,282
—38,239
-3,357
+39,817
—2,748
-
70,293
42,778
422,487
18,207
10,277
03.430
1,282
+ 15,109
24,390
74,990
480,470
4,470
2201
+15,159
155,003
.
Including St. Louis A Cairo.
In
?
'
Tn -rease or
1888.
Decrease.
207,564
229,012
149,023
208,244
54,538
149,437
803,000
27,253
486,552
99,745
.
*
Mileage.
or
Decrease.
$
$
10,127,071 Inc. 2.715,092
12,329,852
18,097,011
19.002,138
12,943.105
17,798,036
1887.
'
Year
$
12,842,163
Earnings.
of Road.
1888.
Earnings.
Mileage.
Period.
[VOL. XL\ I,
-
THE CHRONICLE
11, 1888. J
February
189
The
following return shows the position of the Bank of
Cincinnati & Indianapolis, the Chicago
England, the Bank rate of discount, the price of consols, &c.,
# Atlantic, the Alton & Terre Haute, and the
compared with the last three years :
Wabash, all show gains, while the Ohio & Missis*
1888.
1887.
1880.
1885.
sippi and the Cincinnati Washington & Baltimore report
£
£
£
£
losses. Owing doubtless to the poor crops raised last season Circulation, excluding 7-day and
other hills....
23,408,405 23,700,220 23,980,700 24,055,570
4.721.894
in the Ohio Valley and in part also to the bad weather* Public deposits
4,258,902
3,702,987
5,992,839
Other deposits
25,930,192 23,510,010 27,020,375 24,022,050
the returns in the Middle Western section are not so uni¬ Government securities
15.351,348 13,081,805 15,040,015 13,653,005
Other securities
19,303,057 18,778,522 20,044,943 21,142,434
formly favorable as heretofore. In fact, in addition to Reserve of notes and coin
14,069,293 12,873,789 13,031,078 13,938,306
the Ohio & Mississippi there are about ten or eleven others Coin and bullion
21,337,758 20,830,109 21,808,438 22,243,936
45 59 p. c.
to liabilities
40ft p. C- 43ft p. C.
45ft p.o.
which have fallen behind, among them the Illinois Central, Reserve
5
Bank rate
3
3 p. c.
4 p.C.
c.
09 15-1G
102%
the Evansville & Indianapolis, the Peoria Decatur & Consols
100%
100ft
land Columbus
p. c.
p.
Evansville, the L ike Erie & Western, the Louisville New
Albany & Chicago, the Columbus & Hocking Valley, the
Chicago & West Michigan, and the Detroit Lansing &
Northern.
On
the other hand,
the
roads in
the same section which record enlarged earniDgs
outnumber
nearly
these
two
to
one,
ing & Lake Erie, the Flint & Pere Maiquette, the
Evansville & Terre Haute, the Indiana Bloomington
& Western, the Grand Rapids & Indiana and the Chicago
& Eastern Illinois and Chicago & ladiana Coal, all belong¬
ing to this class. Ia the annexed we make a comparison
on eleven leafing roads f<r six years.
It will be no¬
ticed that on these roads the aggregate is a trifle below
that of last year.
1887.
1888.
January.
iaso.
1885.
1883.
1884.
-
$
*
60,513
70,293
72.827
03,430
192,500
1S3,4C3
529,400
289,924
54,610
171,395
40,283
51,423
143,850
131,599
579,694
152,094
143,279
454,800
508,007
104,905
488,531
311,583
222,147
107,4S2
53,628
190,179
178,388
555,003
295,219
274,180
300,301
802,145
849,452
2,295,4 0
1,901,574
2,022,914
2,139,103
2,350,005
157,020
Chic. & W. Mich...
82,111
$
155,063
84,85w
135,883
83,834
Cin. Wash. & Balt.
170,490
132,S01
145,065
-Clev. Col. C. & I...
313.436
Col.Hock.V. &Tol.
Bet. Lansing & No.
Evansv.& Terre H.
204.518
298,349
223.505
285,733
160,930
Flint & P. Marq...
♦Grand Rap.&Ind.
Ill. Cent. (Ill. Div.)
•Ohio & Mississippi
Total
*
*
138,801
97,870
150,853
$
1
127,034
74,928
158.238
287,001
105,984
73,949
Chicago & East 111.
2,247,417
179,522
125,425
105,427
145,015
277,759
207,928
90,471
44,105
186,792
95,703,010
The Bank rate of discount and open
now and for the
chief Continental cities
have been
as
80,727,000
86,78 ,000
market rates at the
previous three week8
follows:
Jan
.
27.
Jan.
Jan. 13.
20.
Jan.
6.
Bates of
Wheel¬
the
102,220,000
Clearing-House return.
Interest at
Bank
Open
Bank
Open
Bank
Open
Bank
Open
Rate.
Market
Rate.
Market
Rate.
Market
Rate.
Market
Paris
3
3
3
3
2ft
3
Berlin
3
3
3
1ft
3
2ft
1ft
3
3
2
3
2ft
3ft
1ft
2ft
3
2ft
3ft
ift
1%
2ft
3
8ft
3
4
4
4
4
4
4
4
3ft
5ft©6
4
4ft
4ft
5
5
5
3
3
3
3
3
Frankfort
3
Hamburg
3
Amsterdam
2ft
3ft
m
ift
ift
2ft
2 ft
4
4
Brussels
Madrid
..
Vienna
4
St.
5
Petersburg..
Copenhagen
Messrs.
3
3
3ft
5@5ft
3
2ft
1%
1ft
l ft
2ft
3
Pixley & Abell write
as
3
3ft
5ft(<i6
5
follows
2ft
3
on
the state of the
bullion market:
Cold lias continued in good demand for the Continent, and
has only received some arrivals in sovereigns, amounting
the Bank
in all to
id 190,000.
Arrivals: .£7,000 from West Indies, £90,000 from New Zea¬
land. Shipments: £12,000 bars and £20,000 coin to Bombay.
Silver—The price rose Jsd. on Friday, the 20th, to 44V10d., but again
gave way the following Monday, with lower rates from the East; and
this fall was more marked when the result of the tenders for Council
bills became known. To-day, although the price remains unchanged at
441id., there is a better feeling, and tlierc are no sellers at this rate. Ar¬
rivals: £80,000 from New York, £18,000 from West Indies.
Shipments
to India, £75,000.
Mexican Dollars gave way in sympathy with silver, but there is no
business to report at the lowest rate, which is nominally to-day 4:i1sd
£35,000 arrived from the West Indies, and £33,718 was sent to the
Straits and China.
All lines.
in other sections of the
The
country, the Denver & Rio
\Grande, the California Southern, the Mexican Central, the
Buffalo Rochester & Pittsburg, the Western New York &
Pennsylvania, and the New York Ontario & Western de*
tserve mention for their good exhibits.
UXo metarij! OSjornwcvcial g nxjlisTx Hews
[From
our own
during the past week. The
Exchange settlement
was unimportant, and loans for the fortnight were arranged
at about 2\£ to 2% per cent. The commercial inquiry for loans
has been altogether insignificant, advances for a week being
obtainable at about 1 per cent. The competition for bills has
been very keen, those having three months to run being taken
at 134 per cent.
A fairly strong demand prevails for gold
for Holland and Germany, but it fails to influence the value
of money here.
The Bank return is very favorable. The re"
serve has gained £1,019,737, and the proportion to liabilities
has risen from 42*35 to 45 59 per cent. The amount of the re¬
serve is now £14,069,293, and is nearly £1,200,000 more than
what it was at this time last year. In the item of bullion the
increase for the week is £661,912, of which £190,000 came from
abroad. The present stock is £21,737,758, or about half a mil¬
very easy
demand in connection with the Stock
lion
more than last year.
The rates for money have
been
follows:
as
Interest allowed
Open market rates.
Lond:n
for deposits by
Trade Bills.
Bank Bills.
Disc't ITse.
Joint
1
Three
Mo
Four
Three
Six
nths\Months] Months
Four
j
Six
Months Months Months
Stock
At
Banks, Call.
7 to 14
Days.
—
Dec. 23 4
so1
Jan.
ft’
4
4
13
3ft
20'
3
27
3
256® -2ft® -2ft£ -3ft@3% 3ft@3% 3ft33%
2ft®2% 2ft3 - 2ft$ -|3ft@4
3ft@4
2ft
2ft
2ft
2
2
|3ft@4
<&2ft!2fta -2ft® -*;2fca3ft,2%a3ft23tfS3ft
& -\2 0 —12 & -|2ft33ft2ft@3ft 2ft@Sft
1 m -13* a - 2 0 -2ft33 |2ft®3
j2J**3
2
**
—
0
-
3
®2ft 2ft®2ft 2ft@3
London Standard.
Jan. 20.
s.
d.
gold, fine
oz.
gold, contain’g
77
20 d wti silver..oz.
77
Bar
Bar
:
SILVER.
Jan. 19.
s.
d.
9ft
77
9ft
10ft
77
10ft
London Standard.
Jan. 12.
d.
Bar silver
oz.
Jan. 19.
d.
44ft
44 5-10
Bar silver, contain¬
44 ft
44 11-18
Span.doubloons..oz.
Cake silver
oz.
47 11 10
47 13-10
8.Am,doubloons.oz.
Mexican dols
oz.
43ft
43ft
ing 5grs. gold..oz.
analysis of the half-yearly reports and balance sheets
principal London banks shows their totaLvvorking
resources
to be £125,236,126.
The deposit and current
accounts amount to £97,143,731, being a decrease of £2,530,936 as compared with the previous half-year.
The total
assets, including buildings, &c., are £126,191,941. The net
profits are £847,616 (equal to 14*1*2 per cent per annum on the
paid-up capital). The average yield to investors at present
prices is £5 Os. 9d. per cent. As compared with the half-year
ending December, 1877, ten years ago, these ten banks show an
increase in their subscribed capitals of £25,700,000—£22,945,000 in unpaid capital and £2,755,000 in capital paid up.
The
working resources are £5,218,757 more; the total assets have
increased £5,286,860 and the half-year's profits £236,177.
Messrs. Morton, Rose & Co. are receiving applications for
£1,000,000 sterling debentures, at the price of 91 per cent, of
the Leopoldina Railway Company of Brazil. This is part of
an authorized issue of £2,000,000.
The principal is redeem¬
able by 1924, unless previously repaid through the action
of a cumulative sinking fund of one per cent, which will
be applied annually by purchase when the price is below
par, or by drawings at p:ir.
The line is an extension of
the Don Pedro II State Railway, traversing one of the best
coffee producing districts of Brazil.
Messrs. J. Henry Schroder are receiving subscriptions for
£2,000,000 0 per cent mortgage bonds of the Nitrate Railways
Company, Limited, at
per cent. The object is to convert
the existing 6 and 7 per cent bonds into the new issue, or
repay them at par.
Messrs. Dent, Palmer & Co. are authorized to receive sub¬
An
of the ten
correspondent.]
London, January 28, 1888.
Money has remained
quotations for billion are reported as follows
GOLD.
1ft
1ft
2ft 2ft 2ft
2ft 2ft-2ft
2
2ft-2 ft
1% 2 2
lft'lft 1ft
1 ft 1ft 1ft
scriptions for £2,000,000 first mortgage 5 per cent gold bonds
THE CHRONICLE
190
(VOL. XLVI.
price of £195 per $1,000 bond of the Cleveland & for the week ended February 7 amounted to $6,086,608,
Canton Railway Company. The bonds are redeemable at par against $5,028,454 last week and $6,960,582 two weeks previ¬
ous.
The following are the imports at New York for the
in 1917.
The Paris syndicate are steadily pursuing their tactics to week ending (for dry goods) February 2 and for the week
ending (for general merchandise) February 3; also, totals
secure the regulation of the copper market for some time to
come.
M. Secretan has clearly carried out his scheme very since the beginning of the first week in January :
the
at
successfully and with great credit to himself, although it is
questioned whether, when the move was first initiated, it
was thought it would grow to its present formidable dimen¬
sions. The mines are gradually giving in tlieir adherence to
the syndicate.
The syndicate takes all the produce for three
years at a price varying, it is believed, from £60 to £65 per
ton.
The price of Chili bars has varied during the week from
73 to £76 per ton.
The grain trade has not
FOREIGN IMPORTS AT
1885.
Week.
For
YORK.
NEW
j
$3,320,6011
$3,137,005
5,585,190j
5,922,551
1887.
1886.
|
1888.
$1,938,866
3,892,203
$2,713,909
5,740,560
$5,831,069
$8,454,469
$8,906,091;
$9,059,556
$10,813,952
22,876,787
$12,124,073
27,349,764
$14,480,305
$15,530,747
Gen’l mer’dise..
27,361,063,
30,750,101
Total 5 weeks..
$33,690,739
$39,473,837
$41,841,368
$46,280,843
Dry Goods
Gen’l mer’dise..
Total
Since Jan. 1.
Dry Goods
developed any fresh feature
Throughout a quiet business has been passing. Wheat liag
In our report of the dry goods trade will be found the im¬
been dull and buyers have had the advantage, a decline Of
ports of dry goods for one week later.
6d. per qr. being not uncommon. The fall reported from New
The following is a statement of the exports (exclusive of
York, the open weather here, and the generally satisfactory specie) from the port of New York to- foreign ports for the
week ending February 7, 1888, and from January 1 to date:
agricultural outlook, have combined to produce weakness. It
EXPORTS FROM NEW YORK.
is very clear that the difficulty about putting up the price of
wheat is not likely to diminish speedily.
Owing to the recent
1885.
1886.
1887.
1888.
j
dry weather, the condition of the' grain marketed has im¬
For the week....
$6,425,455
$5,754,292
$3,536,386} $6,086,608
proved, but the weekly average has given way. That for the Prev. reported.. 29,741,315 23,264,510 23,650,233 23,619,678
week ended January 21 was 30s. lid. per qr., whereas in the
Total 5 weeks..
$36,166,770 $29,018,808 $27,180,024 $29,700,28
previous week it had been 31s. 4d. per qr. It seems as though
contrary to the expectation of an improvement, there is
The following table shows the exports and imports of specie
likely to be a return to weakness, with possibly some quotable at the port of New York for the week ending February 4, and
since January 1, 1888, and for the corresponding periods in
reaction in quotations.
Notwithstanding that statistics cer¬
1887 and 1886.
tainly justify the belief in the establishment of a higher
EXPORTS ANI) IMPORTS OF SPECIE AT NEW YORK.
level of prices compared with that ruling at this time last
Exports.
Imports.
year, there are at present no indications of such a result
Gold.
Week.
Since
Jan.
1.
Week.
Since Jan.l,
being attained, the market just now being far from strong. The following shows the imports of cereal produce into the
Great Britain.i_.
$
$3,200
$
$1,718
United Kingdom during the first 21 weeks of the season, and France
178,102
1,248
1,000
1,000
Germany
other items compared with previous years:
520*942
West Judies..
877,080
33,214
3.8412—The
Mexico
IMPORTS.
Wheat
cwt.
Barley
Oats
Peas
Beans
Indian
Flour
corn
1885-6/
1887-8.
1886-7.
21,041,553
8,683,192
7,488,300
1,524,754
1,019,513
19,908,618
9,927,191
6,614,468
1,021,012
1,040,020
22,199,321
6,344,177
4,647,896
934,823
1,355,096
9,770,889
10,071,888
7,800,396
6,529,461
11,052,962
5,101,170
1884-5.
19,688,789
8,122,472
4,743,841
910,526
1,503,041
7,988,629
6,382,162
Supplies available for consumption (exclusive of stocks
September 1):
1887-8.
‘
Imports of wlieat.cwt. 21,041,553
Imports of Hour
7,800,396
Bales of home-grown. 17,990,533
Total
Aver,
Aver,
46,832,482
price wheat..
price wheat
Gnslisii
..
1886-7.
1885-0.
18S4-5.
19,968,618
0,529,401
15,202,540
22,199,321
5,101,170
17,980,435
19,688,789
6,382,162
20,173,191
41,760,025 48,280,920
40,244,142
1S86-7.
36s.
id.
1887-8.
..week. 30s. lid.
season. 30s.
Id.
Financial
on
32s.
1885-6.
29s.
9d.
30s.
9d.
4d.
2,134
6,000
South America
All other countries...
73,019
10,138
1,500
47.180
$969,685
563,061
392,552
2,656,156
$5 2'■*',44 2
Total 1888
Total 1887
Total 1886
Exports.
Week.
Since Jan. 1.
$149,900
12,000
Great Britain
France
West Indies
Mexico
South America
All other countries...
Total 1888
Total 1887
Total 1886
daily closing quotations for securities, &c., at London,
reported by cable as follows for the week ending Feb'
ruary 10.
811 ver, per oz
Consols for money
Consols for account
d.
44 V>
102»1(J
1023,
81*124
Fr’cli rentes (in Paris) fr.
U. S. 4k>s of 1891
110 34
U. S. 4s of 1907
130
Canadian Pacific
58 h
Chic. Mil. & St. Paul.... 771s
Erie common stock
27;li
Illinois Central
124
Pennsylvania
Philadelphia & Reading.
New York Central
5534
3334
llOU
|
Wed.
Tucs.
4418
44:b
443] 8
102310 10231(. 102»] 3
102 It
81-35
81-45
11034
1
130
57 >2
77 li
27 vs
124
557b
33 ^
1103s
1023,3 1023s
10*2
129%
5S1s
;
!
i
7734
28
124 *4
l
1
f>57s
3334
! 110 5b
Thurs.
2,611
46,500
6,289
56,040
1,130
$216,368
$1,275,996
678,635
$14,277
75,69f)
218,443
1,723,501
11,951
National Banks.—The
441] G
102316 1025,6
]3
1025
/
following national banks have been
:
First National Bank of Joplin. Mo.
Capital, $100,000.
Cragin, Cashier.
People’s National Bank of Washington, Iml. Capital, $50,Hugh Barr. President;
—r
,
Cashier.
Capital. $50,000.
W. Warrick, President; Albert 8. Funnel, Cashier,
Imports
Exports
coin.
for the
United States Sub-Treasury.—The
following table shows'
the receipts and payments at tho Sub-Treasury in this city, as
well as the balances in the same, for each day of the past week :
Receipts.
Date.
! Payments.
Coin.
i
Feb.
4
6
7
S
“
“
“
“
“
9
10
Total.
1,156,103.
$
-1,017,749
1,414,093
1,525.701
1,512,047
1,099,307
1,035,709
9,252.942
7,03 1,720
*$
1,154,478
1,043,950
1,837,822
3,028,281!
1,032.303
$
132,520,924
132,188,035
131,905,115
■
131,805,001
131,023,3 is
131,351,253
Coin
Cert's■
$
Currency.
$
,
11,191,251
9,801,579: 11,272,151
10,i 09,241 11,440,070
11,018,807 11,000,793
11,002,(182 11,797,597
9,950,333
11,898,080
11,893,769
Brooklyn Elevated—Union Elevated.—The Brooklyn Ele¬
Company has increased its capital stock from $1,000,000
to $10,009,000 so as to make it equal to that cf the Union Ele¬
vated road, with which the Brooklyn is soon to be consolidated.
vated
The stockholders of the Union Elevated Railroad Company
have also voted to increase the capital stock from $100,000 to
$9,040,200.
same as
This makes the capitalization $741,0(0 a mile, the
lyn Company.
that of the Brool
Huntingdon & Broad Top Railroad.—The annual report
of the President states that this railroad and c.al company re¬
sumed the payment of dividt nds last July.
The tonnage
business of all kinds over the road during the past year exceed¬
ed that of any previous year in the company’s history.
This
was due
largely to the increased transportation facilities.
These embraced a second car-trust lease for 250 ears of 60,000
of
Week.—The
imports of last
week, compared with those of the preceding week, show a de¬
crease in dry goods and an increase in general merchandise,
The total imports were $9,059,556, against $8,209,109 the pre¬
ceding week and $10,666,005 two weeks previous. The exports
and
$140,078
192,714
67,213
imports for the week in 1888, $2,320 were
coin and $5,025 American silver coin. Of the
exports during the same time $81,192 were American gold
1027,6
81-421-2 81-324 81-50
1 101-2
11058
1105s
130
12934
129is
5 5S
5 8 5g
5714
7 4 bj
771e
78:{8
07 7h
27*2
2714
124
123
12 114
5534
553.1.
34
331*2
331*2
110
IIOI4
1105s
First National Hank of Glassbngo. N. J.
43,828
4,439
8,918
43,655
1,958
6,801
74,307
Balances.
441
Charles Scliiftordccker, President; John A.
OOO.
5,025
8,122
•$
Fri.
Commercial anti PtXisceUatiemts Hews
organized since last advices
.
5,357
*
Since Jan. 1*
Of the above
American gold
Tlarkeia-Per Cable.
Mon.
*
$1,163,430
are
Sat.
Week.
42,600
1,900
5,737
Germany
18,872
35,414
$7,Sl>5
$270,754
110,039
3,217,039
129,301
944,557
Imports.
Silver.
1884-5.
34s. lid.
32s.
id.
The
London.
3,828
2,997
v
rounds capacity, and 200 cars of the same kind furnished by
the Cumberland & George’s Creek Railroad Company.
Even
(
u
J i
It’
n.
Vi
?:
February
THE
11, 188 8.J
and the
furnished by the
CHRONICLE
191
$98,896, an increase of $15,327 compared with the corres¬
ponding month of 1886. The expenses were $103,864, an
increase of $35,051, and the excess of expenses over earnings
therefore, concludes that the great gain in traffic was almost was $3,968, a decrease of net earnings of $19,724. For the
wholly due to the increased power of transportation; and, as twelvemonthsending December 31, 1887, the total receipts
the cutlock is good for a continuation of business, especially were $1,469,214, an increase of $116,756 compared with the
for coal, it is highly probable that the car plant of the com¬ corresponding period of 1886 ; operating expenses, $976,257,
panies named will be increaeed again during the coming year. an increase of $127,073, and net earnings $492,957, a decrease
The Pennsylvania Railroad Company are algo adding largely of $10,317. The total expenses and obligations for the twelve
to their present stock of cars, which, it is hoped, will enable months'were $1,280,117, an increase of $127,644, and the net
that company to supply a greater number for the traffic over income of the West Jersey Railroad after the payment of all
the Huntingdon & Broad Top Road.
obligations was $189,097, a decrease of $10,887. During the
The gross and net earnings were as follows:
year $12,500 was added to the sinking fund of the $1,000,000
six per cent first mortgage, making the total amount paid
1887.
1880.
Gross earnings
$135,425
$370,874 into the sinking fund $268,750, which, added to the accrued
157,139
175,000
Operating expenses
interest, makes a total for investment of $568,5 79, for which
Net earnings
$200,425
$222,735 securities of the company have been purchased amounting
at par to $556,250.
Two dividends of three per cent each in
Indiana Bloomington & Western.—The following circular cash were
paid in 1887.”
to stockholders signed by Chairman J. D. Campbell has been
Messrs. Clark, Dodge & Co., of New York, in conjunction
issued by the purchasing committee: “I am instructed to
inform security holders that it lias been found impracticable with E. W. Clark & Co., of Philadelphia, offer by subscription
to carry out the plan of consolidation arranged with the C. S. at 95 per cent $2,500,000 Norfolk & Western R. R. Co. first
& C. Companies in Ohio; and that for the purpose of com¬ mortgage 5 percent 70 year gold bonds, Clinch Valley Division,
pleting the reorganization independently the committee have, due 1957, interest payable March 1 and Sept. 1. The bonds are
under the orders of the court, taken possession of the property secured by a first mortgage on the Clinch Valley Division,
bought in by them at foreclosure sale, and have conveyed the and on equipment of the ersh value of $500,000. The gross
same to the new company organized by them, subject to the
earnings of the company for the year 1887 increased 31 per
cent over the year 1886, and the surplus, after deducting all
provisions of the plan and agreement.
“In view of the failure to complete the proposed con soli
charges, was $635,456. Subscription books open Feb. 13th,
dation, the alternative plan for independent reorganization and close on or before Feb. 16th. A simultaneous issue of
will require modifications, in some respects, by security these bonds will be made in London through Messrs. Vivian,
holders. Some settlements remain to be made with the C. S. Gray & Co.
& C. Companies in the adjustment of accounts, in connection
—The fortieth annual statement of the Penn Mutual Life
with the separation of the properties, and the receiver’s cur¬
Ineuiance Co. of Philadelphia is published in this issue of the
rent accounts, which will be completed at the earliest possible
Chronicle. The income for the year 1887 was $3,009,764 and
date and the modifications of the plan and agreement required
the disbursements $1,861,375; the net assets Jan. 1, 1888,
to complete the reorganization, preparatory to the issue of the
$11,827,556 ; the turplus, $2,469,841. The Penn Mutual is a
new securities, will be presented for your consideration and
popular company ; it issued 5,087 policies in 1887. The New
approval. Security holders may rest assured that no obstacle York office is at 13 Park Row.
now exiets to prevent the speedy completion of the reorgani¬
zation.
Meantime the property will be operated for your
—Messrs. August Belmont & Co. invite subscriptions for
account and benefit by the new company organized by the $4,000,000 five per cent bonds of the Georgia company.
The
committee, of which Mr. Austin Corbin is President, and all bones are collaterally secured by a deposit in trust of 40,000
your rights and interests according to your several priorities shares of $100 each of the stock of the Central Railroad &
will be carefully preserved.”
Banking Company of Georgia, of the approximate market
It is stated that the through business of the Indiana Bloom¬ value of $5,000,000.
Very full details are given in the adver¬
ington & Western Railroad, which was formerly transferred tisement in another column.
to the Cincinnati Sandusky & Cleveland and the Columbus
—The Finance Company of Pennsylvania occupy this week
Springfield & Cincinnati roads, is now being turned over to their
elegant and commodious offices in the new Bullitt build¬
the “ Bee Line”, pending eome more permanent agreement.
ing on South Fourth Street, in Philadelphia. The company is
New York Stock Exchange—Newr Securities Listed.—The prepared to do a general bar king business, and to negotiate
Governing Committee of the New York Stock Exchange have State,municipal and railroad securities. The Board of Directors
listed the following bonds and stocks :
are among the best known names in
Philadelphia
Louisville New Albany & Chicago Railway—$1,200,000
Auction Sales.—The following were sold this week at
additional consolidated mortgage six per cent gold bonds.
auction by Messrs. Adrian H. Muller & Son :
Northern Pacific Railroad—$8,000,000 third mortgage
Share.*.
Shares.
\
railroad and land grant sinking fund six per cent gold bonds
58 Cent. N. J. Land Imp. Co. 17% ! 80 National Park Hank
ICO1*}
and the registered bonds into which these may be converted,
20 Chemical Nat. Hank
25 Pacific Bank
102
3,480
Also $318,000 first mortgage sinking fund five per cent bonds 200 Oswego & Syracuse RR.
50 Wessell Metal Co
•. $2 p.sh.
7 Edison Eleet’e Ilium. Co.
Co., guar
85
173%
of La Moure & Missouri River Railroad Company, guaranteed
SO N. Y. Life Tns. & Tr. Co.. 575
45 U. 8. Warehouse Co
60
by Northern Pacific.
50 U. States Trust Co. 576?7570% J
20 Com.Fire Ins.Co.,50 %pd
2
Houston & Texas Central Railway—Engraved Trust ICO Union Trust Co
540 555
135 Am. Loan A Trust Co
100-%
30 Cliem’al Nat. Bk. 3,100 a 3,500
20 Farragut Insurance Co.. 105
receipts of the Central Tiust O mpany when ready, and in the
SO Pacific Hank
102
50 2d Avenue Railroad Co.. 112%
meanwhile tempoiary printed receipts of trust company, with
50 Fitchburg Il’y Co., pref.
15 Columbia Hank
114^
9448
assigment guaranteed by a meuber of the Exchange to be a 425 Continental C'onstr. Co.. 42 j 15 Continental Nat. Hank.. 120
55 German-American Hank. ILP-t
lion if s.
good delivery.
j
20 National Park Hank
109% I $85 Central N. ,1. Land Imp.
St. Paul Minneapolis & Manitoba Railway—$1,000,000
50 “Tobacco Leaf” Pub. Co. $97
Co. scrip
I
13%
additional cor soli afed mortgage six per cent gold bonds,
105 N. J. Zinc A Iron Co
91 % : $10,000 Kniekerb’ker Ice Co.
200
interest reduced to
Canton
Co.,
of
Halt.
7s, pure’se money, 1890 104
per cent, and so stamped.
45%®45%|
50 Chatham Nat. Hank
250
$2,000 Sterling Mountain R’y
St. Louis Arkansas & Texas Railway—$260,000 fust
10 N. Y. Life Ins. it Tr. Co.. 5SO
1st M. income, 1895
29
mortgage gold bond certificates, issued upon twenty miles
80 Tradesmens’ Nat. Hank. 105
$20,000 Mem phis it Little R’k
additional completed (rack at $13,(00 per mile, listed to date
74 Nat. Citizens’Bank
141
RR. 1st M. bonds with
100 Central Nat. Hank
120
interest coups attached 90%
$14,755,000.
25 Metropolitan Trust Co... 169% $100 Exchange Club 1st M. 5s. $100
Minneapolis & Pacific Railway—$1,210;000 additional
first mortgage five per cent bonds.
Cceur d’Alene Railway & Navigation— $360,000 first
mortgage thirty year six per cent gold bends, No. 1 to 720, f >r
^aukiuo anti Financial.
$5(0 each, and the $1,000,000 capital stork.
Mexican Central Railway—$1 267,0(0 additional first
m< rtgage four per cent bonds ; al. o $254,000 additional income
WM. EDWARD COFFIN.
WALTER STANTON
with this new equipment
cers
new
at
Piedmont & Cumberland Railroad, the rolling stock for the
movement of coal fell short of the demand. President Knight,
—
%
bonds.
A
COFFIN
Ohio Talley—Zanesville Newr fonneivtown & Cleveland.
Spencer, of the B. & O., has signed a contract set¬
ting aside 10 per cent of receipts from traffic received from
«fc
STANTON,
—Preeidei t
Zanesville New Cornerstown & C'eveland road to meet any
deficit in the charges in the latter road. JT e Valley road made
a sin ilar ct ntract, setting aside 15 per cent of gross
receipts
for that impose. The Z. N, & C, wilt exter d from Zanesville,
Ohio, to Valley Junction, connecting the B. & O. syst< m wiih
the Valh y road, and opening new coal fields.
$2,000,000 tonds
HANKERS,
11
WALL
STREET,
NEW
YORK.
NEGOTIATE
State,
Municipal,
Railroad,
Wrtcr
and
Gas
will be issued.
Pittsburg Youngstown & Ashtabula.—A mortgage drawn
by the Pittsburg, Young.-t* wn & A>htalula Railroad Com¬
pany in favor of the Fanners’ Loan & T/ust Company of
New Yoik, for $4,000,000, has been placed on record m Penn¬
sylvania.
West Jersey.—The following abstract of the years bu.-iness
from the
and brand
s
Philadelphia Ledyer: “ The West Jersey Railroad
es report their gress earnings for December, 1887,
Ronds,
MONEY ADVANCED ON MARKETABLE SECURITIES.
SPOKANE & PAEOISE
(NORTHERN PACIFIC)
FIRST MORTGAGE 6 PER CENT GOLD BONDS,
FOR SALE BY
EDWARD SWEET «fc CO.,
38 BROAD STREET,
FAIIAESTOCK «fc CO.,
2 WAI L STREET.
THE CHRONICLF.
192
had
DIVIDENDSt
dividends have recently been
Per
Cent.
Name of Company.
announced :
When
Books Closed,
Payable.
(Day8 inclusive.)
■
Railroads.
Chicago & West Michigan
Cleveland <k Pitts, guar, (quar )
Kansas City Ft. S. <v Gulf pref.
do
do
com
Kansas City Spring. & Mem
North Ca'oliua
Miscellaneous.
American Limn «fe Trust Co
1
1%
4
2 lo
.
2*2
3
1
M ‘h.
3
1
adelphia Co
Plii
8 to Feb. 13
15 Feb.
l
1 Feb. 11 to Mcb.
15 Feb. 10 to Feb. 14
15 Feb. 10 to Feb. 14
9 to
15 Feb.
1
Feb.
Mcli.
Feb.
Feb.
Feb.
Mcli.
25 Feb.
Feb.
WALL STREET, FRIDAY, Feb. 10,
15 to Feb. 25
and Financial Situation.—At the
continues on a very narrow basis, and
Board list of sales looks more like an August issue than
accustomed to at this season.
Those who look forward and anticipate a more
what
The rates of leading bankers are as follows:
we are
Prime bankers’ sterling
nmnniereial
Priinft
Demand.
Sixty Days.
February 10.
1SSS-5 1*. M.
The Money Market
Stock Exchange business
the
posted rates £c. to 4 84£ and 4 86£, although these figures
nominally been asked by some houses all the week.
To-day the rates on actual business were as follows, viz.:
Bankers’ 60 days’ sterling, 4 83£@4 84; demand, 4 85f@4 86.
Cables, 4 86@4 86J. Commercial bills were 4 82@4 82J;
Continental bills were: Francs, 5 21£ and 5 19f; reiciimarks,
95£@95£ and 95£; guilders, 40£ @40£ and 40f@40^.
The following were the rates of domestic exchange on New
York at the under-mentioned cities to-day: Savannah, buying
par; selling
premium; Charleston, buying par; selling
£ premium; New Orleans, commercial, 50@75c. premium;
bank, par; St. Louis, 50c. premium; Chicago, 25c. premium.
their
T^lte gauJtm’ (&nzz\\z.
The following
[Vol. XL’VI.
bills on London..
_
Documentary commercial
Pari s (trail es)
4
4 86*2
84*2
4 8234 4 83
4 32*4 ^4 82*q
5 2178 S’5 21*4
40*i£@ 40*8
Amsterdam (guilders)
Frankfort or Bremen (reicbmarks)
95
@
95*6
@5’ 19%
40*4 ®40» 1 ^
95*4@95%
5 20
active market
Coins.—The following are quotations in gold for various coins
953*@
96*2
later in the year are inclined to the view that Congress must Sovereigns
$4 84 @$4 88 Fine silver bars..
Five francs
—93 @
95
Napoleons
3
84
'a) 3 89
do something to dispose of the large surplus revenue already X X Reiclunarks.. 4 74 -2) 4 80
Mexican dollars..
75 @
76
Do uncommercT
74 @
X Guilders.
3
96
@4
00
accumulated (much of it now in the depositary banks), and
Peruvian sols
74 @
75
Span’ll Doubloons.15 60 @15 75
that such action, whatever it may be, will lead to an exces¬ Alex. Doubloons..15 55 @15 70 English silver... 4 75 @ 4 85
74 @
Fine gold bars
par @*4prent. U. 8. trade dollars
sively easy money market, which will foster, speculation in all
United States Bonds.—Government bonds have been dull
quarters. Congress is very uncertain, however, and notwith¬
and featureless, prices changing very little.
The 4s have
standing the Congressional instinct to keep money easy in the
sagged, but the fluctuations have been unimportant. Of the
year of a presidential election, we prefer to rely upon some other
basis for an activity in stocks rather than the possible action of currency 6s $10,000 of 1895 sold at 120£ on Wednesday, and
$8,000 of 1896, at 122£, to-day.
Congress.
The closing prices at the N. Y. Board have been as follows:
The activity in bond issues continues to be a very important
y
—
—
—
—
—
—
—
—
affairs, and
a
number of the principal bank¬
ing houses of the city are now offering loans, mostly of
prominent dividend paying railroads. Should all the bonds
put on the market since January 1 be speedily distributed to
investment purchasers, the present period would compare
favorably with the best times ever known here, in respect to
the amount of bonds quickly absorbed by a non-speculative
demand for investment securities.
earnings, the year has not yet gone far enough
to enable one to make any forecast.
Winter earnings, at best,
are of relatively small importance, and it will not be until
March or April that we can get any idea of how the first half
of the current year is going to turn out; the last half of the
year always depends more or less on the crops.
The open market rates for call loans during the week on
Stock and bond collaterals have ranged from 2 to 3 per cent*
and to-day the rates were 2@2£ per cent.
Prime
paper is quoted at 4£@5 percent.
The Bank of England weekly statement on Thursday showed
a gain in specie of £211,000, and the percentage of reserve to
liabilities was 44*91, against 45*53 last week; the discount
rate remains unchanged at 3 per cent.
The Bank of France
gained G, 100.000 francs in gold and 2,975,000 francs in silver.
The New York Clearing House banks in tlieir statement of
February 4 showed a decrease in surplus reserve of $6 )4,059,
the total surplus being $22,594,775, against $23,253,825 the
previous week.
The following table shows the changes from the previous
^veek and a comparison with the two ' preceding years in the
averages of the New York Clearing House banks:
For railroad
commercial
1888.
|
Fd>.
4.
Diffr'nc's
fr'mj
Prev. Week.
j
1887.
Feb.
5.
1880.
Feb.
6.
$
i
$
$
$
I
Loans and disc’ts. 302,080.700 Lie 6,012,000 359.185,000 339,392,000
Specie
[ 81.423,000 1 no. 1,115,100 93.42O.100l 99.117,200
3\000
7,720,100
8.8 14.300
7,01 1,700 Lie.
Circulation
38 1,803.700 Lie. 6,015,800 393,631.600 390,5G 1,900
Net deposits
3 1,386,800 Dec.
125,200 24,210,u00; 33,507,600
Legal tenders
Legal reserve
Reserve held
90,21o,925' Ine. 1,653,950
118,810,700 Inc.
22,594,775 Dec.
Surplus
97,159,^50
97,611,225
989,900 117,630,400 132,651,800
661,050
20,171,7501 35,013,575
Exchange*. —Dulness has been the ruling feature of
sterling exchange market during most of the week, and
the
the
Thursday, when an increase in the
inquiry caused an advance in rates. Previous to this, the
market had ruled firm, though no quotable change had taken
place in the rates. The leading drawers on Thursday advanced
demand
was
limited until
■
feature in financial
Interest
Periods
Feb.
4.
Feb.
6.
Feb.
7.
.
Feb.
8.
Feb
9.
Feb.
10.
*106%
4^28,1891
reg iQ.-Mar. *1063i *10 % *1063; *10034 *10034
*10734 *1073i *107»4 *1073*
4*28, 1891..;...coup. Q.-Mar. *107% 108
*12 .*4 120*8 12578 125%
4s, 1907
reg. Q.-Jan. *120*9 *120*2
*1253; 125%
4s, 1907
coup. Q.-Jan. *126*2 120*2 120*4 120*4 ‘120
*120
*120
*120
*120
121*4
6s
6s,
6s,
6s,
6s,
*
cur’cy,’95
reg.
reg.
cur’cy, ’90
cur’cy, ’97—reg.
cui’cy, ’98—reg.
cur’cy, ’99
reg.
This is the price
J. & J.
J. & J.
J. & J.
J. & J.
J. & J
*122
*124
*126
*128
*122
*124
*120
*128
bid at the morning board; no
State and Railroad
are
*122
-124
*120
*122
*124
"120
[*129
sale was made.
,*123
122*11
*124
*120
*129
Bonds.—State bonds have been extremely
dull, and there is nothing to report
Prices
*122
*124
*126
,*128
in regard to this market.
generally firm.
The business in
railroad bonds shows signs of falling off
activity which characterized this market in January
early part of this month. Transactions at the Stock
Exchange have been smaller in volume and of lessened impor¬
from the
and the
though there is still considerable demand for good bonds
bankers are supplying the demand at their counters.
Prices have been irregular,- and while there are evidences of a
strong feeling in many classes, not a few show less strength.
There have been no special features to the market during the
past week and the transactions have been well distributed,
except that Fort Worth-& Denver firsts had a little spurt of
activity to day at 80f,‘80, 814.
Railroad and Miscellaneous Slocks.—The Stock Market has
been simply dull and irregular, and no increase of business has
been noticeable.
Notwithstanding the fact that nearly all the
news has been of an unfavorable character, no considerable de¬
cline in prices has been effected.
This apparently shows an
undertone of strength, as usually in such a dull market prices
are inclined to weakness.
Declines have occurred in certain
leading stocks during the week, but no general weakness has
been observed, and the declines have generally been followed
tance,
and many
by
The principal item of bear news has been the
of rate-cutting among the roads west of
Every day brings a fresh lot of these reports, andc
a recovery.
continued reports
Chicago.
there is so much noise about them as to
that they are made the most of for
lead to some suspicion
the purpose of a drive
against the market. "But no one seems disposed to sell short
much at present, and this indicates that both bulls and bears
are halting and waiting for developments.
The foreign news
has also had some effect, the fears of war being lessened
by Bismarck’s speech on Monday, which is construed to be
of a peaceful tenor.
The report of a probable completion
of the South Pennsylvania Hue caused a slight weakness,
which was most marked in Lake Shore; there was also weak¬
ness in
the granger stocks for a time. The Reading strike
develops nothing particularly new, and the small rioting at
the mines is rather in favor of the company than otherwise,
as violent disorder usually hastens the close of a strike.
U
February 11,
THE CHRONICLE.
1888.]
193
STOCKS-PRICES AT N.Y. STOCK EXCHANGE FOR WEEK ENDING FEB. 10, AND SINCE JAN. 1, 1888.
HIGHEST AND LOWEST PRICES.
STOCKS.
Saturday,
Feb.
Monday,
4.
Feb.
Sales
Range Since Jan. 1,1888.
of the
Tuesday.
0.
Feb.
■Wednesday,
7.
Feb.
Thursday,
8.
Feb.
9.
Friday,
Week,
Feb. 10.
Shares.
Lowest.
Highest.
Active HR. Stocks.
10^8
57%
Atlantic A Pacific
Canadian Pacific
Canada Southern
Central of New Jersey
Central Pacific
Chesapeake A Ohio
Ho
Do
10^8
5714
54i8
54
78
29 *2
78
10%
10%
56%
55%
56
54i0
5414
7S%
30%
78
301s
5*2
5i4
10
1st pref.
2d pref..
*1014
*29%
30%
5
10
*939
10
'
7
7
714
128
1281s 12778 128%
74% 75i0
74% 75%
Chicago Burlington A Quincy.
115
Do
pref. *144
Chicago Rock Island A Pacific. 113
Chicago St. Louis A Pittsburg. *14
Do
pref.
Chicago St. Paul Min. & Om...
7
107% 108
145
145
145
113
15
37
38
113% 113
15
37
37
38
*14
37
38
*10%
*55
53
78
*30
10%
56%
53%
78 34
30%
5
*434
*8% 10
7
*634
12734 12734
10%
53
1030
55%
53%
10%
56%
53%
7834
79
30
5
78%
30%
31%
434
8%
*5%
55%
5
*144
145
112 34 112%
*1234
14%
*37
39
143
i 113
‘
143
900
10%
56%
5334
79%
31%
144
112 34
112% 112341 112
144
112
*12
*35
Do
40
86%
Mil. Lake Shore A West
Minneapolis A St. Louis
3,240
5
*84%
"85"
*75
80
101
pref.; 101
6 34
*14
pref.
90%i
59%
pref.j
Oregon A Trans-Continental.. |
21
%
19%
6538
22 %
57 %
Peoria Decatur A Evansville.
Philadelphia A Reading
I
Richmond A West P’tTerminal
’
*74
!
200
7%
101
6%
(534
69
*33
70
36%|
27%
69
36
2(5%
16%
83%
!
1
37%'
(52
37
17%;
17%
9
!
32
I
62
*12
31
31%
..,*138
Illinois
Do
pref.
Cincin. Ind. St. Louis A Chic..
Cincinnati Wash. A Baltimore.
I)o
pref.
j
21%, *21
44%
4434
1934
(55%
22%
65%'
04
22
%
Illinois Central,leased
line...r|
Morris A Essex.
79
79
31%
26
52
Do
Renssalear
42%
17
17"!
|
I
10
'33
pref.
& Saratoga
8t. Louis Alt. A Terre Haute..
8t. Louis Ark. A Texas
South Carolina
*0
*95
90
i
i
1
%
25%
55%
14%
2(5%
52%
i *34
39
*36
15%
*2(5
52
37%
16 34
*834
31%
1(5%
31%
21
20
34
166
39
27%
31%
Tennessee
Coal A Iron
Ac. (Uni isted.
Ainer. Cotton Oil Trust
.[ 32
Pipe Line Certificates
| 90
Various Stocks.
%j
32%!
31%
32
22
5(534
83 34
3534
71%
113%
59%
37%'
*36%
*75% 7(5
109% 110
94
94
35%
3534
9330
*35%
*104 io
*141
142
78%
78%
145
14 5
108
72
108
72
130
130
*42%
93%
78%
*9%
142
773.i
*140
DO
88%
89%
!
*19
65
21%
56%
2334i
21% Feb.
8
87
Jan. 20
40% Jan. 20
10
3
27
3
20
30
16
Jan. 30
47
Jan.
9
95% Jan.
9
8
Jan. 20
,0
89
Jan.
9
59% Feb.
(5
10
Jan.
i>l
Feb.
98
Feb.
19
604
21%
*19
(55%
22%
57 %
1(5% Feb.
82% Jan. 20
6'
9% Jan.
7(5
428
235
Jan.
54,220
80
.Tan.
104% Jan.
9% Jan.
J 17%
Jan.
1
1(5% Fell.
1,500
Jan.
18% Jan.
89% Jan.
13% Jan.
5
80
Jan.
8 108
Jan.
7
17% Jan.
2,505 10(5% Feb.
4 1
66% Jan.
31% Jan.
26% Feb.
4'
73
37
Jan.
Jan.
8
5
9
10
10
9
9
10
5
11
9
5
3
27
9
9
27
27
30
9
10
10
9
7
30
2
30
IO
10
31
18
11
2i>% Jan.
65% Jail.
37% 15,230
39% Jan.
1(5 34
893
18% Jan.
525
9
9% Jan.
5
1,72(5 29% Jan.
31%
33% Jan.
200 15% Jan. 20 18% Feb.
1(5%'
4 | 47
4534 14,(500 42% Jan.
Jan.
1,235 20% Fell.
8
21%
23
Jan.
44 3.4
6,283, 43% Feb. 9 47% Jan.
5 ; 25
24%
700 23
Jan.
Jan.
21%
1
3,225 20% Jan.
22% Jail.
200
19
Jan. 19 23
19%
Jan.
(5(5 % 113,440 (53% Jan. 20 (57% Jan. 30
21
18,600
%
Jan.
22%
25 23% Jan.
9
(5
2,335 55
Jan.
59%
59% Feb. 10
545
83
83
*34
3 4 34 35%
3534
71 % 7134
71% 71%
k
11 2
113% *112
113%
58
58
57
57
10334 104% 105
105
948
250
580
(51
Jan. 20
36
Jan. 24i
4
16% Jan.
4 !
8% Feb.
83
Feb.
9
8s
34% Feb. 10
70% Jan. 20
Jail. 31
36% Jan.
5
73% Jan. 30
20 112
Jan. 25 11(5
57
Feb. 10 62%
110 100% Jan.
3 105
3,040 109
Jan. I S 114%
3,930 24% Jail. 20 27%
165
.
25 %
55 %
Feb.
39
96
Jan.
53% Jan.
87% Jan.
3
9
3
8
1 i
5% Jan.
15
Jan.
64% Jan.
85% Jan. 24
9
Jail.
i 52
225 j 82% Feb.
8
76
Jan. 12
Jan. 16
Jan.
7
88% .Tan.
46% Jan.
Jan.
Feb.
14
Jan.
30% Jan.
2,640
2,290
23
6
Jan. 28
4 1
9%
(> 122 %
90% Feb.
39
......
(52
45%
21%
44 %
24%
21%
19%
(55%
22%
57%
93%;
36
|
142
,
783dj
145
25%
55%
47,230
14%
2534
53%
1134
2534
975
512
51%
8,050
37%
38%
2,325
7(5
7(5
74
Jan. 16
3
Jan.
Jan. 28
Jan. 23
Jan. 30
8 I 58% Jail.
54% Feb.
3
14
Feb.
9
1(5
Jan.
3
25% Jan. 23 28% Jan.
0
3
44% Jan.
51-UFeb.
9
3(5%
74
74
1
97
*x88
16%
97
90
9%
......
28
93%
35%
500
792
1.410
iii’%
3(55
78%
42,350
200
145
108
;
71% 72
132
*128
74
74%
75
*8%
1
79%
534
39
9%
33%
163
*37
14%
8%
93
93
26%
26%
2(5%
31%
3134
8934
32%
32
31 34
89%
9030
89%
sale was made at the Board.
79%
534
32
90%
140% 140%
42 % 43
93
*78
93
80
*3
4
*5%
96
*95
223
Jan.
9 145
3 108%
Jail.
4
74
Jan. 19 131
Jan.
70
Jan. 12
!>37« Jan. 13
14 135
9
Jan.
1,305 4 1 % Jan. 26
(500 93
4
Feb.
800
210
150
4(54
6%
98
91
*9
34
| *1(53
33 %!
1(57
39
15
!
8 34
93
!
75%
3%
5%
93%
83%
218 135
160 15
1(D«
34
1(56
10
.
8%
78
3 112
Jan.
5
55
45% Jan.
5
89% Jan.
94%
3 l % Jan. 24
37%
99
Jail. is 106%
140
5 1 14%
Jan.
7(5% Jan. 23 i 79%
28 143
98 10(5%
4(57 <57
568 128
138% 138%
93
32
140
38% Jan. 28
7,058 103
*140
108
16 %
65% 165%
*36
138
96
*88
|
]
39
3(5
34 % Jail. 20
75
Jan.
3
398
16%
*34
9334
93%
35%
10(5% *105%
142% 141 %
77% 78%
78%
3(5
10(5
141
145
109
71% 71 %' *71% 73
131
130
128
132
6%
1 1
9334
540
109% 110%
140
107
,
91
37%
50
*138
140
4 2 % 43
4234
93
93%
93%
79
79% 7934
1
4
99
36 34
*75% 7*5
I 109% 1 10
140
*10
27 b.
27%'
3134 *31%
%!
21
j
107.% 10734
:
0
19%
(55%
15%,
93
31
%
......
50
*36
92%
2(5 34
31%
27%!
24
31%
17%
45%
21%
44%
j
Jan. 30
Jan.
!
*0
*95
91
lo%
36%
31 %
*1(5%
44%
21 %
4334
2334
1 <5%
% 1 1 3 1 112% 113%
*25% 2(5
25% *251*2
54 % 55%
54 - ,0 55%
14 %
14%' 14
14%
25% 25% *25 % 2(5%
52% 53%
52% 5134
“37
7(5
10934 110
*138
98
31%
1 1 2
53%
74
(5%
21
-58
27
98%
78
4
44%
2334
21%
*35
71
58
74
93%
44
72 %
*11 2
113
98%
42%
45
21%
65%
34
5(53,1
8334
84 %
73
140
31%
1 (i70
44%
2034
21
16%
})
*19
37
7(5
9%
Whitebreast Fuel Co
Columbus A Hocking Coal
19,600
320
100
37%
17%
*17
9
*10334 10 1%
111% 112
25% 25%
55% 55%
1 1%
14%
1(5%
*10
16(5
*37
637
27,290
62
33
,
44
71,530
85
(52
97%
90 io
1 JWlo l.ScS^O
11%
36
225
900
10(534 107%
*16
5 133%
21% Jan. 23
23
52
Jan. 20 j 55
10
Jan.
3
10%
1
59% Jan. 25 (52%
27% Jan. 1(5
14% Jan. 24
......
13
79
(51
113%
10
*
4
Jan. 24
Jan. 12 j
7% Feb. 7
9 130% Jan. 27
Feb.
Jan
4| 77% Jan. 10
4 11534 Feb.
Jan.
2
100
8% Jan.
732 11 (5% Jan.
200 12% Feb.
16%
36%
112
25%
5434
14%
16%
84
37%
17%
72%
58
83%
12%
1(5%
84%
12%
62
72
113
1(5%
5% Feb.
6 145% Feb.
1
6 114% Jan. 27
4
13
Jan.
14% Jan. 10
36
Jan. 24 1 38% Jan.
6
7 i 40% Jan. 10
37% Feb.
105 3. Jan.
4 109
Jan. 27
9
51% Feb.
53
Jan.
0
22
Feb.
9
9
25% Jail.
210
(52
3534
*3%
98
1,100
15
3634
83 >4
*35
......
*6
*12
1(5
10
|
i
9934
62
85
3(5
22%
9934
37%
17%
85
*35
*71
*93
78
90%
220
(505
750
130
700
!
9934
33% Jan. IO
41
63,070 128% Jan.
82 34
26%
45%
(55 %
98
*6
*10
*82
2(534
18
45
83
75
33%
26%
27%
*17
83
4{
181
......
(59
56%
i
13
93 %
90%
80
300 i
3(50'
89%
70
34
70
57
138
6%
88%
*78
106% 106%
16% 1 (5%
70
3(5
*56
73
97%
-
*35
88%
107% 107%
17
*16
1(5%
(59
*68% 70
33
33%
33%
2(534:
26% 27 %
65%
22 %
5(5 %
......
97
!
Oregon Short Line
Quicksilver Mining Co
13%
24 %
1934; *19%
2134
83%
24
21 %
*19
21 %
.....
Marquette Hough. A On., pref.
7
15
13
80
21 b
45
21 %
*3*%
*6
95
40
76
84%
*21%
44%! 44%
24
140
43
93
,
99%
1(5%
8334
13%
10(5% 107%
1630 1(530
17%
%!
17%
45%
2 1 %
44%
*78
(52
37 %
37%
17%
*101»
18%
74
96%
98%
1(5%
j
Chicago A East.
*72
87
16% I
Stocks.
!
88%'
82%
1
100% 100%
*33
27
27%
•
r
78
69%
Colorado Coal A Iron
> /
37
36% 37
Consolidated Gas Co
I 75 % 76 | 76% 7(5%
Delaware A Hudson Canal
11()%
; 109% 110% 110
Oregon Improvement Co
i
49% 49%
50% 51
Oregon Railway A Nuv. Co...j 94% 94%; 93% 93%
Pacific Mail
1
35% 35%
35% 35%
Philadelphia Cb., Nat. Gas
*103% 105
Pullman Palace Car Co
14 1 % 141%
| 142
142
Western Union Telegraph
77% 78%
j 77% 78
Express Stock*.
Adams
*140
145
140
145
American
*107
109
107
109
United States
1 *71%
73
72% 72%
Wells, Fargo A Co
*128
132
128
132
American Tel. A Cable Co
Atchison Top. A Santa Fe
Chicago A Alton
40
"82%
16
45
*35
j
59%'
40
*35
87
89%
|
1534
45%
91%
90%
60%
91%
3,1(50
31
15% 15% *15%
4534 .4534! 45%
9030 91 %
91%
*90
92
90%
59% 5934
5934
92
59%
40
*
78%
101
.
Inactive
60%
*
22%:
57 *4
pref.!
Rome Watertown A Ogdensb’g
87%
8
St. Louis A San Francisco
36%
j. *35
Do
pref. | 71% 72 I
Do
1st pref. *112
113 %
St. Paul A Duluth
i
*57% 59%
I)o
pref. 103% 104 I
St. Paul Minneap. A Manitoba
111 34 HI 341
Texas A Pacific
25%
Union Pacific
55% 55%
Wabash St. L. A Pacific
FLU 1434!
Do
26% 26%
pref.
Wheeling A Lake Erie
51V
j 51
ITIiscellHiieoiis Stocks, j
Do
*90
91
15%'
45 %!
Jan.
Jan.
3
56 34 Jan.
9
80% Jan. 28
1,707;lll% Jan.
14
38
*30
8
3
630 140% Jan.
144
...
|
j
15%
45%
90%
4534
92%
*35
87 34
87%
Missouri Kansas A Texas
*1630 16 34
10% 10 %
Missouri Pacific
84% 85
83% 84%
Mobile A Ohio
*12
12
13
12
80
,v78
80
Nashv.Chattanooga A St.Louis *78
New York Central A Hudson, j 107% 107% 107% 107%
New York Chic. A St. Louis... • *17
17%j 1(5% 1 <>%
Do
1st pref.
6934
Do
2d pref..
*34
New York Lake Eric A West’ll
27
Do
pref. 1
New York A New England
37%
New York Ontario A West
17%
New York Susq. A Western...
8%
Do
pref. | 31%
Norfolk A Western
| *17%
Do
44%
Northern Pacific
j 21%
Do
pref.! 44 3j.
Ohio A Mississippi
*24
15 %
90%
59%
60
40
87%
86%;
*15%
4534
91%
%!
%!
45
92
*35
|
....!
1534
Feb.
4
10% Jan. 10-
6j 62% Jan.
4,0671 75 Jan.
1,770! 29% Feb.
11234
1
59%'
*36
Memphis A Charleston
Michigan Central
Do
91
59%
|
Louis. New Alb. A Chicago... j
Manhattan Elevated, consol., j
31
1534
45%
91%
90%
45%!
91%;
*90
j
Louisville A Nashville
*30
1534
|
j
Long Island
31
1534
45 %
91%
1
*30
j
Kingston A Pembroke
Jan. 17
55% Feb.
3,075! 53
38%
38
37% 38%
37% 38
38%
38% 38%
l)o
pref. *106% 107% *106% 107% 106% 107
106
109
513s 51% *50
Cleveland Col.Cin. & Indiauap.
53
*51
53
51% 51%' 51 % 51% *50
52
OO
241"
Columbus Hocking Val. &Tol. *23
23 io 23%'
22
22
22
Delaware Lackawanna A West 12934 130% 12934 130% 130% 13034! 129% 130% 130% 130% 129% 130%
*21
,22*0
Denver A Rio G., assessm’t pd.
213.t 2134
23
21% 22% I *21
2°io
21% 21% *21
Do
54 “
5234 52 34
pref. *52
52
5234 52 34j
52 % *52% 53%
52% *52
10
10
10
East Tennessee Ya. A Ga. R’y.
10
*10
10
10%'
10
*10
*9% 10%
10%
Do
*59
61
1st pref.
6034 60»4
61
5934 59 341 *59
*59
(51
59% 59%
00
Do
2d pref..
«')•>
22% 22%
2130 22
*21 !*■> 22 b> *21%
*21
*21% 22%
Evansville A Terre Haute
*87
89
*87 " 89 “ *87
89
*87
89
*87
89
45
Fort Worth A Denver City
45
45
4530
45
45
45
45
45
45
45
45
9
Green Bay Winona A St. Paul.
8 34
8%
'8 b
834
9i
9
*8%
Illinois Central
121
:.. *120% 121
121
"X115 117
**115
119% 121
i 17
117
117
* i o
Ind. Bloom. A West
H2% 14
*12% 14
13
*J
O
13
12% 12%
12% 12%
Lake Erie & Western
T)o
pref.
Lake Shore A Mich. Southern,
10
1,160
*8%
9%
500
8%
7
6 34
6 34
6
2,210
4%
127% 12734 125% 127
2,980 127%
75% 7534
5% 7630113,080! 74
114% 114% *115
550 112%
115%
730
127% 128
75% 75%
74% 75%
115% 115% *114% 115 ;
10734 1083s 106% 10734 107
115
107% 1083s
0
9
7^8
Chicago Milwaukee A St. Paul.
Do
pref.
Chicago A Northwestern
10%
56%
54%
7834
30%
5%
54
77 34
330 33%
300 1 (53%
36
300 13%
26%
93 %
27
9%
93%
27%
31
2,220
%|
31%
31%
1,300
31 %
90%-
31%
8934
32%
4,660
90% 6,ojq,ooo
1,020
700
7%
88%
26%
27%
Jan. 25
Jan. 31
9
Feb.
5
Jan.
4
Jan.
Jan.
Jan.
Jan.
3
5
5
Jan.
4j
Jail. 10
Jan.
19
9
Jan.
Jan. 31
4
Jan.
8
Feb.
4
Jail.
29% Jan.
4
85% Jan. 17
Jan. 18
Jan. 30
Jan. 18
3
Feb.
Jan. 16
9
Feb.
Jan. 30
Jan.
9
Jan. 29
Jan. 25
Jan. 20
Feb.
8
75
Fob. IO
7
Feb.
Feb. IO
Jan. 30
Jan. 26
80
2
Feb.
9
4% Jan.
6% Jan. 16
97
Feb.
891
7
Feb.
139% Jan. 27
17% Jan. 20
13% Jail. 12
38% .Tan. 10
1(5(5
Feb.
6
39
Jan. 11
16% Jan. 16
9% Jan. 27
93% Feb. 3
30
Jail.
9
9s%
140%
43%
94%
32% Jan. 30
34% Jan. 17
97% Jan. 10
CHRONICLE
THE
194
BONDS—LATEST PRICES OF
ACTIVE BONDS AT N. V. STOCK
EXCHANGE, AND RANGE SINCE JAN. 1, 1888-
Range since Jan. 1.
Closing.
Closing.
Railroad Bonds.
Atl. A Pac.—W. D. inc., 6b,
Guar., 4b, 1937
Can. South.—1st guar., 5b,
Feb. 10 Feb. 3
1910
1908
2d, 5b, 1913
Central of N. J—1st, 7b, 1890..
Consol. 7b, 1899
Convert. 7a, 1902
Convert, deb. 6s, 1908
General mort., 5b, 1987
Leh, A W.B.,con.7s, 1909,as’nt
1921. ..
Central Pacific—gold 6s, 1898..
San Joaquin Br. 6s. 1900
Am. Dock A
Imp., 5s,
Land grant Os.
Mort. 6b, 1936
1890
Ches. A O.—Pur. m. fund 6s, ’98
6b, gold, ser. B.1908, coup, ofl
Exten. coup.,
4s, 1986
26
b.
2714
8234b.
26
80
26
100
2112
iOllj
9012 Jan.
Jan.
105
W.—5-6s, 1911... 104 b. 102
CMc.Bur. A Nor.-1st, 5s, 1926. I02i2a. 1131 b. !l01% Feb.
Chic. Burl. & Q.—Cou. 7s, 1903. 13012b. 1105!sb. ;129% Jan.
105
b.
104% Jan.
Debenture 5s, 1913
Jan.
90 b. ! 9212a.
94
Denver Divis., 4s, 1922
Jan.
113
Chic. A East. Ill - Con. 6s, 1934 1174 |117%
9712b. 97
Jan.
Chic. A Ind. Coal R., 1st, 5s, '36 IOOI4
110i2b 11412 Jan.
Ch.Mil.A St.P—1st, I.A M.7s, ’97 116i2b. 1125 b.
dies. O. A So.
12312 Jan.
Consol. 7b, 1905
11234b. IIII4 Jan
11234
1st, So. Min. Div.—68,1910—
104!8
IOII2 Jan.
1st, Chi. A Pae.W.Div—5s, ’21 103%
100
Jan.
Wifi. A Min. Div.—5s, 1921.... 101
101 b. 100
Jan.
101
Terminal 5b, 1914
114012b. 139!2 Jan.
Chic. & N. W.—Consol. 7s, 1915 140i4b. 13134
132i2a.
1281*2 Jan.
Gold, 7s, 1902
121i2a.
Sinking fund 6b, 1929
110
a.
108
Jan.
10934
Sinking fund 5s, 1929
;108%b. 10818 Jan.
108i2b.
Sinking fund debent. 5s, 1933
104iBb. 105
1047e Jan.
25-year debent. 5s, 1909
9412a. ; 9412 I 94% Jan.
Extension 4°, 1926
132
b. 13212 |131i2 Jan.
Chi. R. I. A Pac.—6s, coup. 1917.
10738
107
Jan.
107%
Exten. A col. 5s, 1934
120ia
119% Jan.
Ch. St.P.JVI. A O.—Consol. 6s. ’30 120 b.
lOOiaa. j |.99% Jan.
Ch.St.L.A Pitts.—1st,con. 5s,’32 lOO^a.
127
123
Jan.
C. C. C. A Ind.—Consol. 7s, 1914
L08i2a. 10712 Jan.
108ia
Gen. 6b,1934
101
b. '100
Jan.
Col. Coal & Iron—lBt, 6s, 1900.. lOl^b.
7212
70% Jan.
Col. H. Val. A Tol.—Con. 5s, '31 72
Jan.
70i2b. 72% I 70
Gen. gold, 6b, 1904
119 b. 11912 Jan.
Denver* Rio Gr.—1st, 7s, 1900 118iab.
78isb. 7914a. 76i2 Jan.
1st con. 4s, 1936
72iab. 71
Jan.
Den. & R. Gr. W.- 1st, 6s, 1911. 72 b.
Jan.
65i2b. 66 b. 66
Assented
7812 Jan.
Den. So. Pk. & Pac.—let, 7s, ’05 80 a.
39i2b. 34is Jan.
Det.Mac.AM — Ld.gr.3%s,1911 40ifl
99
9534 Jan.
E.TernV. A G. Ry.-Con.,5s, ’56 99
163 a.
Jar.
97
Elis. Lex. & B. Sandy—6s, 1902. 10214
136
b. 1357s Jan.
Erie- 1st. consol, gold, 7s, 1920 13512b.
Jan.
112iab. HOiab. Ill
Long Dock, 7s, 1893
11614b.
116% Jan.
Con. 6b, 1935
99 a.
9713 Jan.
N.Y.L.E. AW—2d con. 6b, 1969
80%
79
Jan.
Ft. W. ADenv. C. -1st, 6s, 1921 81.ia
10534 Jan.
Gal.Har.A San. Ant.—1st, 6s,’10
Jan.
104 a. 104iaa. 104
2dM.,7s, 1905
Jan.
West. Division—1st, 5s, 1931. 91 a. 92 a. 91
125
b.
2d, 6s, 1931
Gr’n B. W. &St. P.—2d inc. 8s, 1911 32 a. 32 a. 30 Jan.
Jan.
Gulf Col.&San.Fe—let,7s, 1909 121 a. I20%b. 119
97%
96i2 Jan
97%
Gold, 6b, 1923
Henderson Br.Co.—1st. 6s, 1931 110 b. 110 b. IO8I2 Jan.
114%
113
Feb.
113
H. A Tex. C.—1st M. L. 7b
i 112 b.
1st, West. D., 7b, 1891
114 1). 114
1st,Waco A N. 7s, 1903
101
b. 105
2d, consol. M. L. 8s, 1912
65
a.
Gen. mort. 6s, 1921, tr. roc.. I 64
Ind.Bl. AW.—l8t,prct.,78,1900 1114 b.
! 88%a.
1st, 5-6b, 1909, tr. rec
I 70
a.
2d, 5-6s, 1909, tr. rec
1
East. Div.—6s, 192J, tr. rec..
Income, 6s, 1921, tr. rec
I 88
r 18*‘b. !
18
27% Jan.
83
Feb.
Jan.
Jan.
| 2112 Feb.
107
Jan.
9412
10812
11712
12012
Jan.
Jan.
Jan.
Feb.
101 % Feb.
114% Feb.
Feb.
104
114% Feb.
115% Feb.
10334 Jan.
10358 Jan.
114% Feb.
70% Feb.
7012 Feb.
28
Feb.
I0II4 Feb.
10r>% Jan.
Jan.
103
132
ICG
95
Jan.
Jan.
Jan.
117% Feb.
100% Feb.
Feb.
Jan.
117
126
1133s Feb.
10438 Feb.
10158 Feb.
101
143
132
Jan.
Jan.
Feb.
110
Jan.
Jan.
109
10512 Jan.
95
133
107 %
121
Jan
Feb.
Feb.
Feb.
IOOI2 Jan.
Feb.
127
IO8I2 Jan.
Jan.
104
7334 Jan.
75
121
Jan.
Jan.
79ifl Jan.
72
Jan.
681* Jan.
80% Feb.
43
Jan.
9912 Jail.
104
137
Jan.
Jan.
11212 Feb.
117
Jan.
9978 Jan.
82
106
Jan.
Jan.
IO512 Jan.
9212 Jan.
3212 Jan.
122
Jan.
97 78 Feb.
110
Jan.
111458 Jan.
b.
!
65
Jan.
b.
b-
69
..
....
89% Jan.
88
1906 106%’.
1906! lio
1906 100%
Arkansas—Gs, funded.. 1899-1900
7s, Little Rock A Fort Smith, iss.
7s, Memphis A Little Rock, iss..
7s, Arkansas Cential RR
Georgia—7s, gold
1890!
Louisiana—7s,
1914;
Stamped, 4s
Michigan—7 s
cons
I
18901
Jan.
Jan.
Jan.
115% Jan.
Ogd.—1st, 7s, 1891.
Consol., extend., 5s, 1922
St Jo. AGd.Isl.—1st, 6s, 1925
2d, income, 5b, 1925
St. L. Alt. A T.H.—1st, 7s, 1894.
2d, M., pref., 7s, 1894....
2d., M., inc., 7b, 1894
Dividend bds, 6s, 1894
St. L. Ark. A Tex.—1st, 6s, 1936
2d, 6s, 1936
St. L. A Ir. Mt.—1st, 7b, 1892...
2d mort., 7s, 1897
Cairo A Fulton— 1st, 7s, 1891
Gen. Ry. A land gr., 5s, 1931.
St. L. A San Fr.- 6s., Cl. A,1906
6s, Class B, 1906
6b, Class C, 1906
Gen’l mort., 6s, 1931
Gen’l mort., 5s, 1931
Bo. Pac., Mo.—1st, 6s, 1888...
St. Paul M. A M.—1st, 7b, 1909.
2d, 6s, 1909
Rome W. A
.
109
108 b. 107
102%
102%
101%
100%b. 101
98
41
b. 41
il2 b. 112 b. 113
108
b. 107 b. 108
104
103%b. 103
40
a.
38
102%
98
104%
44%b. 47
40%
107 %b. 103%b. 108
no
103 b. 109
105
104%b. 105
88%
117
117
Feb.
Do
102
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Feb.
Jan.
Jan.
Jan.
Jan
Feb.
Jan.
Jan.
88% Feb.
b. 113% Jan.
102%
101 %b.
112%b.
117 b.
a.
101%
113
100% Jan.
100
112
117
115%b.
114%
96%b.
96%
90
92%b. 92 %b
34%b. 34 b.j 34%
102 %b. 10L%b.
97
b. G9
78
84%
17%b. 17 b. 1 15
111 %
]ll2%l).
So. Pac., Cal.—1st, 6s, 1905-12
j
So. Pac., Ari.—1st, 6s, 1909-10
So. Pac., N. M.—1st, Gs, 1911.
49
Tex. A Pac.—Inc. A Id gr, 7s, ’15
68
Rio Grande Div.—Gs, 1930 —
GO
Gen. mort. A term., Gs, 1905..
97
Tol. A. A. A N. M.—1st, 6s, 1924
Tol.A.A. A Gr.Tr.—1st, 6s, 19211104
Tol. Peor. A West—1st, 7s, ’17 . • 85
Tol. A Ohio Cent.—1st, 5s, 1935i
Tol.St.lv. A Kan. C.—1st,Os, 1916
Union Pacific —1st, Gs, 1899
Land grant, 7s, 1887-9
Sinking fund, 8s, 1893
Kan. Pacific—1st, 6s, 1895
1st, Gs, 1896.
:
..
Denver Div.—Gs, 1899..
Jan.
Jan.
Feb.
73% Jan.
63% Jan.
106% Jan.
116
Jan.
105% Jan.
51
Feb.
90% Feb.
130
Jan.
Feb.
106
Feb.
135
110% Feb.
Jan.
133
90% Jan.
117% Jan.
129% Feb.
108% Jan.
106
Jan
113
Jan.
93
Jan.
113% Jan.
80
Jan.
b. 117%b. 115% Jan.
117 b 117
b. 114
Jan
115 b.
114%
Jan.
reduced to 4%s
Shenandoah Val.-1st, 7s, 1909
Gen’l mort., 6s, 1921
So. Carolina—let, 6s, 1620
2d,6s, 1931
Inc., 6b. 1931
90%b.
b. 117
108
110
59
b.
47 %*'.
1
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
jan.
Jan.
61
(0
:
96%b. j
85
i 101
Jan.
Jau.
Jar.
93
Jan.
i 93
119
119
90
t*»%
108
90
101
b
Jan.
118
Jan.
118% Jan.
118
Jan.
115% Feb.
102% Jan.
101% Feb.
113
Feb.
118% Jan.
11G% Feb.
97
Jan.
92% Feb.
36% Jan.
102% Feb.
85
Feb.
18% Jan.
113
Jan.
107% Jau.
51% Jan.
70% Jan.
62
Jan.
97% Feb.
105
Feb.
97% Jan.
93% Jan.
Jan.
414
Jan.
118
412
Jan.
Jail.
119
Jan.
412% Jan.
b
91
b
112
105% Jan.
92% Jan.
114
Jar
i 110
114% Feb.
1st consol, Gs, 1919
104% 104%b. 101% Jan.
100
b. 100
Feb.
Oregon Sh. Line -1st, 6s, ’22.. 1100% •
Jau.
l>, : 78
Virginia Mid.—Gen. m.,5s, 193G, 80 b. 79
Gen.,Gs,’20 47 b, 40 b. 1 45 Jan.
Walt. St.L. A Pac.
9 i
Jau.
96 %b,
Chicago Divison—5's, 1910
| 98
1
84
Feb.
87
a. I
Wabash—Mortgagees, 1909.. t 0
Tol. A Wall.—1st, ext.. 7s, ’90 109 b, 409 b 107 % Jau.
109
107% Jau.
1st, St. L. Div.. 7s. 1889
'
2d, extended. 7s, 1893
Con., conv., 7s, 1907
Great West.—1st, 7s, 1888
2d, 7s, 1893
West Shore—Guar.. 4s
48% Jan.
111% Jan.
91% Jan.
a.
110%a.
111
104% Feb.
b.
97
9G
93
115% Jan.
109
Feb.
103
Jan.
101 % Feb.
41
Jan.
113
Jan.
110% Jan.
104
Feb.
38
Jan.
Jan.
I
105
Jan.
Jan.
Jan.
Jam
115
Jan.
118
Feb.
104
Jan.
34
Jan.
76
Jan.
100
Jan.
110
Jan.
100
Jan.
9G
Jan.
109
Jan.
106
Jan.
75
Jan.
59% Jan.
114
Feb.
100
Jan.
47% Jau.
Gi% Jan.
| 68 %b.
! 82
117%
116%
105%
102%
85%
S8
83
Jan.
Jan.
i
88
Jan.
1
99% Jan.
,
i
U-8% Feb.
103%
100%
411
Jan.
414% Feb.
405
Jan.
103% Jan.
j 81
1
47
Feb.
Jan.
98% Feb.
90
109
109
91
Jan.
Jan.
Feb.
Feb.
88% Feb.
108% Feb.
90
Jan.
101% Jan.
but, and “ a’ price asked; all other prices aud cue range a -e from actual sales.
Bid. I Ask.
1900
Jan.
Jan.
..
STATE
6s, 10-20
m m
116%
104%
104%
102
Gen’l, 2d, coup., 1933
N. Pac.Ter.Co.—1st, 6s, 1933... 102%b. 102%b. 99%
111%
Ohio A Miss.—Consol., 7b, 1898. 115%b.
117%b. 117%
117%
2d, coi)80l.,7s, 1911
104 a. 102
b.
99%
Ohio Southern—1st, 6a, 1921.
32%
33%
31%
2d, inc., 6s, 1921
75
b.
75
Omaha A St. L.—1st, 4b, 1937.. 75%
99
99%
94%
Oregon Iinpr. Co.—1st, 6s, 1910 109
109%a. 109
Ore. R. A Nav. Co.—1st, 6s, 1909
99 %b.
99%
90%
Consol., 5s, 1925
93
95%
95%
Oregon A Transoon.—6s, 1922.. 106
b. 106 b. 106
Peo.Dec. A Evans.—1st, 6s, ’20.
105 a.
104
Evansv. Div—1st, 6s, 1920...
74 b. 74%
72
2d mort., 5s, 1927
55
b. 58%a.
55
Rich A All.—1st, 7s, 1920. tr. rec
Richm. A Dan.—Cons., 6b, 1915 112%b. Il3%b. 109
103 b. 100 b. 100
Debenture, 6s, 1927
b. 120 b.
118
Roch. A Pitts.—1st, 6s, 1921...
114%b. 115 b. 113
Consol., 6s, 1922
1
Alabama—Class A 3 to 5
Class B, 5s
Class C. 4s
m
North.Pacific—1st,coup.,6b, ’21 115%
..
SECURITIES.
m
ill i). 109
N. Y. Ont. A W.—1st. 6s. 1914.. 113
93 b. 91
N.Y.Sus.AW.—1st ref., 5s, 1937. 92%
111%
Midland of N. J.—1st, 6s, 1910
b. 78 %b. 75%
77
N. O. Pacific—1st, 6s, 1920
b. 117%b. 112%
Norfolk A West. - Gen., 6s, 1931 115
j 71is Jan.
!
Jan.
Jan.
Jan.
Jan.
.
Feb.
Jan. i
105% Jan.
104% Jan.
120% Jan.
117% Jan.
110
Jan.
Consol., 58,1920
Feb.
Consol., 7s, 1904-5-6
Jan.
Mobile A Ohio—New, 6b, 1927
Jan.
1st, Extension, 6b, 1927
Jan.
lstpref. debentures, 7s
Jan.
Mutual Un. Tele.—S. f., 6s, 1911
Jan.
Nash. Ch. A 8t. L.—1st, 7s, 1913
Jan.
N.Y. Central—Extend., 5s, 1893
Jan.
N.Y.C. AH.-lst, cp., 7b, 1903
Jan.
Debenture, 5b, 1904
131%b. 128% Jan.
130%
N.Y.AHar.—1st, 7s, 1900
89%
86% Jan.
N. Y.Chio.ASt.L.—1st, 4s, 1937.. 89
1 L5%
115%
114% Jan.
N.Y. Elevated—1st, 7s, 1906
129
127
Jan.
N. Y. Lack. A W.—1st, 6s, 1921.. 129%
110 a. 106 %b. 107% Jan.
Construction, 5s, 1923
105 b.
102% Jan.
N. Y. A Nor. —1st, 5s, 1927
Int. A Gt.Nor.—1st, 6s, gold,'19 ilOlieb. ! 105 b. IO8I2 Feb. 111% J an.
Jan.
! 71%
Feb. I
70% 1 70
Coupon, 6s, 1909
Jan.
I 73
69
1
Jan. 1 75
a. l 74%
Kent. Centr.—Gold 4s, 1987
i 89%; Jan.
94% Jan.
Knoxv. AO.—1st, 6s, gold, 1925 I 91 b. 92%
Jan.
101 b. 104 a. 101% Jan. 104
L. Erie A W.—1st g., 5s, 1937
Jan.
1127 a. 125
Feb. ! 127
LakeSh.—Con.coup.,lst,78,1900 125
! 125
Jan.
124 b. 122% Jan. i 12.5
Con. coup., 2d, 7s, 1903
Jan.
i 120 1),
120% Jan. 121
Long Island—1st, 7s, 1898
Ill
Jan. 111% Jan
1st, consol., 5s, 1931
Feb.
122
b. 120
123
Jan.
Lou. A Nash.—Consol., 7s, 1898 123
Jan.
N. O. A Mobile—1st, 6s, 1930. 109 b. TlO%b. 1( 8% Jan. 1 10
96i2b. ! 97 b, 96% Jan. ! 99% Feb.
2d, 6s, 1930
114
b. ,11414b
E. H. A N.—1st, 6s, 1919
Jan.
113
a, 113
IO934 Jan. 113
General, Gs, 1930
JaU.
108 s Jan. 110
10934
i09i4
Trust Bonds, 6s, 1922
Fe 1.
Feb. 104
102isb. 10234 b, 104
10-40,68, 1921
Jan.
T10%
109
112% Jan.
Lou. N. A. A Ch.—1st, 6s, 1910. 110
Jan.
93
92 %a. ! 9112b,
90% Jan.
Consol., gold, 6s, 1916
Jan.
,102 b, 100
102% Jan.
Mem. A Cli’lston—6s, gold, 1924
111 % Feb
116% Jan.
Metro. Elevated.—1st, Gs, 1908. i 1212b. 113%
103
Jan. 11C 5% Jan.
10312 b. 103 12
2d, 6s, 1899
Feb.
Jan.
129
1127
129
Mich. Central—1st, con., 7s, ’02
Jan
110% Jan.
1110
Consol, os, 1902
Jan. 113 S: Jan.
Miss’ri Pac.—1st, cons., 6s,1920 11212 li'vt'b, 112
118
Feb.
Jan.
115
11712b. ‘118
8d,7s, 1906
lOOisb, 100% Feb. 103% Jan.
Pac. of Mo.—1st, 6s, 1888.... 40078
Jan. 1105% leb.
110534
lf‘6%a ; 104
2d molt., 7s, 1891
Note—The letter “ b” indicates price
68,1920...
Feb.
116% Jan.
105
53
70
G8
09%
61 %b.
59
60%
102
100%
100%
111
b. 115 b. 108%
106 %b. 106%b 105%
50%b. 50%
45
87 b. 84%
90%
130
127 b. 128%
106
b. 104%
105%
134 b. 132%
109
110%
1927
Imp. A Equip.—6s, 1922....r..
Mo. K. A Tex.—Con.,
108% Jau.
112*2 Jan.
(8% Jan.
87
Jan.
Minn. A 8t. L.—1st, 7s,
119
107%
132%a.
Extension, 1st, 6s, 1913
Highest
Lowest.
Mil. Lk.Sh. A W.—let, 6s, 1921. 118 b. 120
Ashland Div.—1st, 6s, 1925. . 113%b.
Milw. A Nor.—M. L., 6s. 1910.. 108 b.
Feb.
;
11212 Jan.
85
114
Range since Jan. 1.
Feb. 3
Feb. 10
11512 Jan.
Feb.
b. 11234 Jan.
a. 102
Feb.
112
Railroad Bonds.
Highest.
Lowest.
81%
lOG^b. 10b%b. 10512 Jan.
9414b. 94 b. 92% Jan.
104% Feb.
10514b. 105
11714b. lllis Jan.
117
Jan.
12012
115
120
99 b. 99 b.
98
Jan.
10114
101%
11412b. 114 b. II312 Jan.
104 b. 103 b. 101 ^ Jan.
113
b. 111312 Jan.
11414
115i2b. 11534b. 111458 jan.
Jan.
102%b. 103 b. 102
10312
10278 Jan.
Jan.
107 b. 105 b. 110
70i4b. : 6712 Jan.
72 a.
70
G8
67i2Jan.
6a, currency, 1918
Mort. 6e, 1911
[Vox. XLVI,
BONDS.
Bid.
SECURITIES.
Missouri—6s
Asylum or
due 1889 or 1890
University, due 1892
1894- 1895
Funding
1892
104%! New York—6s, loan
1893
1 l
I j Gs, loan
6
JAJ
North Carolina—Gs, old
30
23
1900
Funding act
20
New bonds, J. A J....1892- 1898
15
Chatham 11R
105%
3 00
I
Special tax, Class 1
1910
Consolidated 4s
91%'
1919
:
6s
1
105
.
102%
107
108
—
Rhode Island—6s, cou. .1893-1894
South Carolina—6s, non:fimd.l888
Bi own consolidated 6s
1893
Tennessee—6s, old
1892-1898
112
Compromise, 3-4-5-6S
112%
New settlement—6s
35
10
j
20
9
5s
3?
Virginia—u.>, old
6s, consolidated bonds
10
94%
Bid.
SECURITIES.
Ask.
0»
122
6s, consolidated, 2d series
Gs, deferred, trust rec
1912
1913
1913
1913
Ask.
112
4
10G
59
69
101
97
69 %l
48
70
GO
70
10
THE CHRONICLE.
February 11, 1888.]
195
BONDS-STOCK EXCHANGE QUOTATIONS ON FRIDAY OF INACTIVE RAILROAD BONDS.
Bid.
SECURITIES.
Ask.
SECURITIES.
E.& W.of Ala.—1st,cons.6s,g.,
Eliz. C. & N.—S.f., deb., 6s.
Railroad Bonds.
Sinking fund, 6s
1911, *100
Beecn Creek-1st gold, 4s
1936,* 77*2
121
Balt. & Onio— 1st6s, ParkB ..1919 *
108*4
5s, gold
1925 108
Bost. H. Tun. & W.—Deb. 5s...l913|
100*2
106*2
BrooklynElev.— 1st, G., 6s...1924, 105
2d, 3-5s
1915’
Burl. Ce. Rap. & No.—1st, 5s. 1906 101
Consol. <fc col. tr, 5s...
1934
105*2
1909
Ced. Rap. I. F. & N., 1st 6s. 1920
1 at *\a
Buff.
.
97*2
N.Y.&*Phil".—Cons". 6s!"l921
Trust certificates
General 6s,
1924
Trust certificates
Central Iowa- 1st, 7s, Tr. Recl899
East’n Div., 1st, 6s
1912
Illinois Division—1st 6s
1912
Cons, gold bonds, 6s
1924
Cent. RR. & Banking Co., Ga.—
85
45
103% 105
Chicago & Alton—1st, 7s
112*8
105
....
1st, La Crosse Division, 7s.. 1893
1st, I. &D., 7s
1899 118*4
1st, C. & M., 7s
1903 126
1st, 7s, I. & D. Ext
1908 123*2
1st, S. W. Div., 6s
1909 113
1st, 5s, La C. <fc Dav
1919 102
let, H. & D., 7s
1910 123*2
lst,H. &D.,5s
1910 100*6
Chicago & Pacific Div., 6s.. 1910 119
Chic. & Mo. Riv. Div., 5s ...1926
98*2
Mineral Point Div., 5s
1910 *101
C. <fc L. Sup. Div., 5s
1921 *100
Fargo & South., 6s, Assu ...1924
Inc.
sink, fund 5s
Dakota <fe Gt. South., 5s
conv.
7
5
7
Nasbv. <fc Decatui
S. & N. Ala.—S. f.
0
0
1
7
Pens. <fe At.—1st, 6s, gold..
Lou. N. O. <fc Tex.—1st,4s
2d mort., 5s
Consol, mort., gold, 5s
Atl. «fe Char.—1st, pr., 7s
Incomes
1
4
4
1
22
88 %
:
1 'ex. Central—1st, 8. f., 7s
1st mortg. 78
T 'ex. <fc N. O.—1st, 7s
Sabine Division, 1st, 6s
\
Iudianapolis Div.—6s
Detroit Div.—68
102
*
73*4
Cairo Div.—5s
Tol. <fe Wab.—Equip.
73%
112
125
*121
!
105*2 107
102
"""
!
-
^
^
109*2 110
108
111
117
120
109
120
120%
82*2
107
1909
1911
1905
1912
113
1910
1921
1921
1931
108
„
,
i
r
52
55*2
1905
j
bds.,7sl883
Quin. & Tol.—1st, 7s
1890
Han. tfe Naples—1st, 7s
1909
Ill. & So. Iowa—1st,ex. 6s.l912
St. L. K. C. tfe N.—
Real Estate & RR.—7s
1895
Clariuda Br.—6s
1919
St.Charles Br’ge— 1st,6s. 1908
No. Missouri—1st, 7s
1895
b. Sr. L. tfe Pac.—Iowa Div., 6s.
sf. Union Tel.—Coup. 7s.. .1900
1905
:::::: iw
N.Y. Susq.<fe West.—Deb. 6s... 1
k
.v 2d, 4*28
1937
Registered
N. Y. N. II. & II.—1st, reg. 4s. 1903 *105"
N. Y. Tex. <fe Mcx.—1 st, 4 s ...1912
w
E., 1st M. 5s. .1926
Northern Pac.—Gen. 3d, 6s..1937
,1V]
Dividend scrip
M
Imp. Co.—7s. 1909
Dividend extended
97
U
1st. 68.1907
James River Val. — 1st, 6s. .1936 *103
107
T
I 101*2
Spokane tfe Pal —1st, 6s
1936
Tenn. Div., 1st, 6s
1917
St. Paul tfe N. P.—Gen., 6s.. 1923 U5%i 116
Bir. Div.—1st con. 6s
1917
116
Registered
C<
Helena A RedM’u—1st,g.,6s.1937 *103
Dul. tfe Manitoba—1st, g. 6s. 1936
106"
Income Bonds.
Do
Dakota I)iv.—1st. 6s.1937
(Interest payable ij earned.)
Ilel. B.Val. tfe Butte, 1st, 6s. 1937
A
*
7s of 1871
1129
1901
Drummond tfe P’bg —1st, 5s 1937
,C(
1st, eon., guar., 7s
130*2'
,..1915! 135
Helena tfe No.—1st, g’d, 5s 1937
93
E
City & Nor. —2d me
1970
Del. <fc Hud. Canal—1st, 7s...18911 107*2 1U8*2
La M. & Mo. Riv.—1st, 5s 1937
Iln
Dec.tfc Spr.—2d inc. tr.rec. 1906
1st, ext., 7s
1891! 107%
N. O. tfe No. E.—Pr. 1., g., 6s ..1915
& Wilkesb. Coal
1888
;L<
Coupou, 7s,
1894i 114*2
New Or. tfe Gulf—1st, 6s
99
M
1926
'. Lake 8h. tfe W.—Income
|]LOS
Registered, 7s
1894! *11
! 14*2 IM
Norf. tfe W.—New Riv.—1st,6s. 1932
Pa. Div., coup., 7s
1917 *112
Imp. <fc Ext., 6s
1034 101*211L02^
3d pref. debenture*.
Registered
_
*141
Adjustment M., 7s
1924 107
Albany <fc Susque— 1st, 7s.. 1888 101*2
Ogd. tfe Lake Ch.—1st, 6s
98
L. E. <fe West.—Inc., 6s.. 197'
1920
N
1st, cous., guar., 7s
135
1906 132
Ohio <fe Miss.—Cons., s. f., 7s..1898 115
17
O
Registered...;
lIO i Oi
Springfield Div.—1st, 7s
1905
1st, eons., guar., 6s
1906! 122
General 5s
1932 r
95
! SL
1st, 6s
90
50
70
115
101*2
iv
1
Eng.—1st, 7s
1926
Havana Div.-6s
...
N. Y. tfe New
87%
88*a 8
..
..
87
1900
Dakota Extern—6s
1910
Montana Exten.—1st, g.,4s. 1937
Registered
Min’s Un.—1st, 6s
1922
s t. Paul & Duluth—1st, 5s
1931
113*2
Nash. Chat. & St. L.—2d, 6s.. 1
N.J. June.—Guar. 1st, 48
1
Registered certificates
N. Y. P. & O.—Prior lieu, 6s
1895
N. Y. <k Northern.—2d, 4s.... 1927
"8*2*2
e t. Paul Minn. & Man.—
Pacific Ext.Minn. <fe N. W.—1st, 5s, gold.
Minn. S.Ste.M.&Atl.—1st,5s..
Mo. K. <fc T.—Cons.,2d, inc
H. <fc Cent. Mo.—1st, 7s
Mobile A Ohio—Col. tr., 6s
St. L. <fc Cairo-48, guar
72
1936
1897
Coupons off
)
128
128
iba"
g
LOO
Peninsula— 1st, conv., 7s... 1898 120
Chic. <fe Milwaukee—1st, 7s. 1898 118
Win. & St. P.— 2d, 7s...
1907 130
Mil. & Mad.—1st, 6s
1905 113
Ott. C. F. & St. P.-lst, 5s..1909 108
Northern Ill.—1st, 5
1910 106
Cl. Col. Cin. & Ind.—1st, 7s. s.f.’99 *121
121
122
Consol, sink, fd., 7s
1914
Chic. St. Paul M. <fe O.—
Chic. S. P. & Minn.—1st, 6s. 1918 125
No. Wisconsin—1st, 6s
1930 124*2
St. Paul <fe S. C.—1st, 6s
1919 125 ,120
Chic. & E. Ill.—1st, s. f., cur..1907 117 1117*2
Gen. con., 1st, 5s
1937
94%' 95
Chic. <feW. Ind.-1st, s.f., 6s.. 1919 113 I
General mortgage, 6
1932 116
Chic. <fe St. Louis—1st, 6s
1915
Cin. I.St.L.A
Chic.—1st,g.,4s .1936
Registered
Cin. Jack. <fe Mac.—J
st,g. ,5s. ..1936
Col. <fe Green.—1st, 6s
1916
2d, 6e
1926
Col. & Cin. Midland—1st, 6s.. 1914
91*2
Cocur d’Alene, 1st, 6s, gold...1916
Del. Lack. <fc West.—
Convertible 7s
1892 111
140
Mortgage, 7s
1907 '135
Svra. Bing. <fc N. Y.- 1st,7s. 1906 *13
Morris <fe Essex—1st, 7s
1914 *142*4 144
2d, 7s
1891 107*2
Bonds, 7s
1900
i40"
it. Louis & Iron Mountain—
7
1
)
Michigan Div.—1st, 6s
142
70*2
87
1st, 6s, 1886
107
106
106
1
L *111
L 109
L ”105*4
Minn.&St.L.—Pa Ex.—1st,7
107
j
j
Jack. Lan. & Sag.—6s
Milw. Lake S. & West.—
Conv. deb., 5s
104
105
103*2
100
101
Arkansas Branch—1st, 7s.. 1895
94*2 96*2
Cairo Ark. <fc T.—1st, 7s
1897
75
81
£ t. L. Alton <fc Ter. Haute—
52
Bellev. & So. HI.—1st, 8s. ..1896
Bellev. & Car.—1st, 6s
1923
i *
Michigan Cent.-
85
103
115
60
117
105
1
0
L0036
112
122
116%
110
6
94
91*a
Pa. Co.’s guar. 4*28, 1stcp.. 1921 106*4
Pa. Co.’8 4*28, reg
1921
Pitts. C. tfeSt.L.—l8t,cp.,7s. 1900 ’117
1913
2d, 7s
Pitts. Ft. W. & C.—1st, 7s... 1912 i41*2
1912
2d, 7s
3d, 7s
1912
Clev. <fc P.— Cons., e. fd., 7s. 1900
4th, sink, fd., 6s
1892 106
St. L. V. &T.H.-lst, g.,78.1897 112
111
123
121
104*2 106
1898
2d, 7s
125*2
2d, guar., 7s
:
1898
122% 123*2 1 Pine Creek
Railway—6s of 1932
124*2
1
125
i
102
1
i •itts. MeK. & Y.—1st, 6s
1932
HO
1 lick. &Danv.—Deb. ex
cp.6s. 1927
Pigeon—1st, 7s
105
95
105
104
104
93
90
Pennsylvania RR.—
......
2
8
0
6
9
0
3
4
N. Y. <fe M. Beach—1st
N. Y. B. & M. B.—1st, g
Louisville & Nashville—
113%
36
Kau. City tfe S.—1st, 6s, g.1916
Ft, 8. & V. B. Bg.—1st, 6s. 1910
St, L. K.&So.Wn.—1st, 68.1916
Tex. & Pac.—1st, 6s
1905
1st, 6s, ex coupon
Consol., 6s, trust rcceipts.1905
120
120
80
114%
113%
114*8
114*2
105
105
100
1919
1895
105*2 106
128
92*2
1st, 6s, Pierce C. & 0
Equipment, 7s
6
Kal. & W.
116
1909
Indianap. D. <fc Spr.—
1st, 7s, ex. fund, coupon...
Lake Shore <fe Mich. So.—
Cleve. P. <fe A.—7s
118*2
127*2
1916
Extern, 1st, 7s
lld*4
iii*i
Ask
Missouri Pacific—
Verd’s V. Ind. & W., 1st, 58.1926
Ler. &C’y Val A. L.,lst,5s.l926
St. Louis tfe San Francisco—
4
7
..
107^8
96
Col. Trust, 5s
C. Br. U. P.—F. o.,7s
1895
Atch. Col. & Pac.—1st, 68.1905
Atch. J. Co. & W—1st, 6s. 1905
Ut. So.—Gen., 7s
1909
8
117*2
1897
1898
1908
1907
Dub. <fe S. C.—2d Div., 7s
Ced. Falls & Minn.—1st, 7s
127
121
1st, 6s
1st, 68
Col. Trust, 6s
i
Registered
60
99
No. Railway (Cal.)—1st, 6s. 1907
Union Pac.—1st, 6s
1896
94
97*2
121*s 121%
75
65
105
93*5 94*2
Long Island RR.—
95
Des M. & Minn.-1st, 7s.... 1907
Iowa Midland—1st, 8s
1900
1
8
1
92%
1916
Chicago <fe Northwestern—
Escanaba & L. S.—1st, 6s...1901
i
Han. & St. Jos.—Cons.
Hour. E. <fe W. Tex—Is
Illinois Central— 1st, g
97
.1921
Nebraska Extension 4s
1927
92*2
Chic. Burl. & No.-Deb. 6s. ...1896
Chic. Rock Isl. & Pac.—
Des Moines <fe Ft. D.—1st,4s. 1905
87
1st, 2*28
1905
86
1905
Extension, 4s
Keok. & Des M—1st, 5s
1923 107
Chic. Milw.<fc St.P —
1st, 8s, P. D
1898 125*2
2d, 7 3-10s, P. D
1898 117%
1st, 7s, $ g., R. D
1902 *126*4
116
103
136
98
i
110
1919
Plain, 4^
Registered
Green B W. & St. P.—
7 *
7 116
7
Iowa Div.-Sink, fund, 5s.. 1919
Sinking fund, 4s
4
70
Chic. Burling. & Q.—
1901
117
110
1
1903 '126*2 132
Louis. & Mo. River—1st 7s.. 1900 118*4
2d 7s
...1900 116 ‘
Bt. L. Jacks.& Chic.—1st, 7s. 1894 116
1st, guar. (564), 7s
1894 116
2dinortg. (360), 7s
1898 117
2d, guar. (188), 7s
1898 117
Miss. R. Bridge—1st, s.f. 68.1912 107
6s, sinking fund
Rap. <fc Ind.—G
Bid.
Pacilic RR.—Central PacificGold bonds, 6s
1895 113
Gold bonds, 6s
1896 113
Gold bonds, 6s
1897 *113*2
Cal. & Oregon—Ser. B., 6.1892
West. Pacific—Bonds, 6s
1899 110
111
6 121*,V 124
Grand
1st, gold, 3*28
Collateral gold, 5s.
1937
Clies. <fc O.—6s, gold, ser. A... 1908
Clies. O. <fc So. West.—2d 6s... 1911
1893
'
50
40
SECURITIES.
2 *106* 1
90
9
>8
90
117
1 115
3 *112k 114
6 104 ! 105
3
Evans. & Indian.-
1 Q91
Sinking fund, 6s
N. Y. L. E.
Buff. <fc S. W.— Mortg. 6s...
Evan. <fc T. H.—1st, cons., 6s
1927
.
1st, cons., fd. coup., 7s..
95
Registered
Minn. & St. L.—1st 7s, gu
Iowa C. & West.—1st 7s
Ask.
!6
21
>0
>7 120
.9 113
53 106
50 1141 2
>8 102
50 132
>8 107
6 *134
..
(Stock Exchange Prices.)
Atcli. Top. <fc San. Fe—4*«8 --.1920,* 95
'
Bid.
j*
-
}n
....
»
90
’
90*
112
i*o*6*
113
115
ii*3*
115*2
109
95
.
......
.
*
86
102% 103*«
86
25
...
......
.
35
......
......
lbT’
27
|
Registered
Reus. <fc
Registered
|
.J
Sar.—1st, coup., 7s. 19211*112*2 144
i*142
Det. Mack. <fe Mar.- 1st, 6s.. .19211
Det. Bay C. A Alp.-1st, 6....1913 104
E. Tenn. Va. <fc Ga.—1st, 7s. ..1900 *118
Divisional 5s
1930 *108
jl44
j
105
1110
Min. Div.—1st, 6s
Ohio River RR.—1st, 5s
Oregon tfe Cal.—1st, 6s
Panama—Sink, td., sub., 6s...1910
Peoria tfe Pek U’n—1st, 6s
1921
2d M., 4*28
No price Friday: these are latest quotation mad; tii:s wejk.
1921
1936
1921
1921
....
9J
1
j.
98
73
17*2
20
10
Free List.
Cin.
Lafayette(feCnic., 1st,7s 19 )1 '118
'114
Erie (fe Pitts. R’y, cons. 7m
189s 112
iGrand K <plds <fe It.d., 1st. 7s 1899 *113
IN. J. Soutnern. ini. gum*. fks.1899 109
jCin. *fe Spr., 1st, M.C.C.C.A 1,7s 1901
109
28
23*ft
.
L16
113
CHRONICLE.
THE
196
Banks.
Loans and
Discounts.
9,870.000
Mechanics’
America
Phenlx
City
Tradesmen’s
Chemical
Merchants’ Exch.
Gallatin National.
Butchers’ & Drov.
Mechanics’ & Tra.
Greenwich
Leather Manuf’rs.
Seventh Ward
State of N. Y
Americ’n Exch’ge.
Commerce
3,125.000
1,033.000
7,478 200
2.612.300
19,430.000
S. 125.200
444.600
0.853.100
127.500
1,464.(00
3.457.700
6.172.500
1.936.100
620.100
2,051.000
1.140.600
3.01-1,200
1.443.400
3.625.900
111.000
437.700
434.400
128.800
274.000
1,219,400
1,395,000
2.878,000
785.100
439.300
261
59°,000
3.435.600
4,184.80u
16,586.000
’•7,047.900
1.044,000
l.f 41 ,> 00
72 2,900
2.161 200
1,213.360
6.791.300
7.947,000
2.295.700
8,SCO 6*00
4,679,8oo
1.92 9,4 no
Pacific
Republic
Chatham
Peoples’
Irving
Citizens’
Nassau
Market A Fulton.
Bt. Nicholas
Bhoe A Leather...
Corn Exchange...
6,430.2t0
4,4(16,400
2.060.1 00
Continental
Oriental
Importers’ <fe Trad.
19,514,200
Park
North River
East River
Fourth National..
Central National..
Second Natioi al..
Ninth National....
First National
Third National
N. Y. Nat. Exch...
274.900
3.068,000
2,202.000
710.000
1.459.600
fc',378.200
7,438,000
1
3.4 04,000
5.273.200
21.177,400
5.636.900
1,417.3()0
2.449.SC0
1.991.200
Bowery
N. Y. County
German-Americ’n.
Chase N atioual....
Fifth Aveuue
German Exchange.
Germania
United States
Lincoln
Garfield
Fifth National
B’k of the Metrop.
West Bide
Seaboard
Sixth National....
Western National.
45,000
710.400
12.521.700
250,000
172,^00
2.988,1 00
3.216.800
3.169.500
4.408.300
1.7 30,700
3,350,000
5.834.500
45,000
40,700
7.U9.600
719.500
3,682,.-00
2.403.600
5,345,T)0
4 427,300
2.371.100
2.223.4 00
1.423.700
3.722.400
1.827.700
2.352.900
1.747.300
172.900
649.900
113.400
208, 00
430.200
92,800
903.600
768.500
e 12,6 00
255.900
790.700
258.700
203,800
100,000
1,232,000
1,042,800
8.258.100
Broadway.
250
Commerce
45,66*6
9*7s‘,i*o‘6
Specie.
Loaus.
18*8
1.930.900
1,4 85,300
81*66*6
17,407.000
180,000
9,013.000
4,261,000
5.978.400
45,000
19.374.700
39,000
45,000
438,300
6,244 900
44.400
1.186.700
2.678.300
2,(22.100
2.356.900
7.8-G.600
3,6.7,100
3.101.600
2.772.200
4,5i 2.000
202,500
225,000
180,000
28 140,642.100
Fob. 41141 458.300
“
3.649.700 110.563.900
8.795.200
Loans.
Lawful
Mon’y
Deposits.*
,
1154
“
Feb.
28
4
$
$
$
85.724.500
85.679,600
87.165.< 00
23,243,000
84.004,800
23,668,400
23,22 7,200
83.989.800
Mnoluding the item “due to
SO
80
Clinton
Commonw’h.
Continental.
45,000
43,800
45,000
135,(00
A8k.
7.233.200
45,000
Farragut.... ICO
Fire Asso’n.
Firemen’s... 75
German-Am. 290
Germania... 142
Agg.Ci’ngs
S
>
1 !
jGlobe
...
..
Hanover.... 115
125
Home
65
Howard
Jefferson.... 105
....
115
100
90
305
155
Manuf’c.& B no
70
Mechanics’ *
Mercantile.. 55
70
Merchants’.
80
Montauk....
City
COMPANIES.
Bid. |
Ask.!|
102
50
100
103
65
103
15b
100
Bonds, 6s
95
95
(Bklyn.)
Scrip
Agg.Ci’ngs
$
61,896,579
57.276,630
61,927,347
BOSTON.
RAILROAD STOCKS.t
Topeka
Boston A Lowell
Atcnison <fe
Boston A Maine
Boston* Providence....
California Southern
Central of Massachusetts
Preferred
Chic. Burl. & Nortli’n
Cleveland A Canton
Preferred
97 -V
97 V
210 a4 211
2-15
243
42
21
20
40
Flint & Pete M arquette.
a
Gulf..
94 »s
27
„0
97
82
Preferred
54
K. C. Memph. * Birin. ..
15
Kan. C. spring!. <fc Mtm. 4 84
14 >H
Mexican Central
115
N.Y. A N. Eng., prei
Northern
Old Colony.
Wisconsin Ceitral
Preferred
BONDS.
Atoh. A Topeka—1st, 7s.
Coil. Trust, 5s
Plain,
*
E*-01vi<leRd.
*1*4*6"
174
17V
175
IT
36
1193,,
92
120
tPe^sha’#,
1114
95
108
1IO6
121
Ask.
91
102
100
93
93
Am. Bank Note
*20*
Ene.-lst, 7s.. 123
1st mort., Cs
{112
t., 6s
Southern Kansas—5s
Texas Division—5s
Incomes
Wiseon. Cent. -1st 51.,
Income 5s
102
903,
103
1 pp’
<5n.<t Trust
Chic. Santa Fe A
97
91
83
f'inn. A.
Pen. A
90
45
5s 4
Newp. N. & Miss.
104
Northern Central
Pennsylvania
5:-.
AUegh. Val.—7 3-i««. ’80
7s, E. ext., 1910
Inc. 7s, end., coup., 94.
..
165
175
110
215
103
215
218
1C0
115
220
114
jN. Y. M. IJn. Tel—Stock.
j
Aak.
Bid.
8 b.
42**
7
<0
94
9
95
11
34-
b
90
3
82
2
N. Y. W.S. A Buff.
!North. Pac.—Div. ODiids.. ICO
7
36
4 b
1C3
Ocean Steam.Co.,lst guar. 101
•
Cal. 5s..
Spiingfiftld. 1
Or. W.—St’k.
Pensacola
Rio
A Atlantic....
•
-
8
6
33
iffich. York Kiv. it dies..
*92 V
Wieli
St. Paul E.ifc Gr. Tr., 1st 6s
98
100
Tol. A. A. it N. Mich
Tol. it O. Cenr., prof
23
25
1st mort
2d mort
Incomes
\\ estom Nat. Bank
v\ est N. Car.—Con. M
90
45
6
98
.
•/
5 5-V
ol
86
w«-
*42
«...
STOCKS. 1
Lehigh Valley
Little Schuylkill
Val
N. J. Southern
Prof
i Last price this
Ask.
Edison Electric Light.... 150
Phil.,ass.pd.
105
113
1< 5
100
both Exchanges:
Mexican National tr. rec.
1st. mortgage, tr. roe __
1 New 1st 6s
6
32 32
112
10
PHILADELPHIA.
RAILROAD
Buff. N.Y. &
Preferred
...
SECURITIES.
Co
33
160
no
210
117
38
108
60
Bondp, 7s. 1890
Twenty-third st,—stock..
112
1st mort., 7s, 1893
All. A Char. Air L.,
N Y.<fe N.
mot
Consol., 7s, 1888
Sixth Av.—stock .....
1st mon., 7s, 1890
Third Av.—SToek
j!09
1st, 7s
At.itPac.-lstM.C.D.o tl6s
Bost. H. T.<fe West.—Stk.
Brooklyn Elev’d—Htock..
Capo Fear A Yad. Val.. 1st
Clue. A Atl.—Ben,, ir rec.
Broadway.]107
104
B.—Scrip, 6s 104
155
108
42d A Gr’nd St, F’ry-Stk 200»
112
1st mort., 7s, 893
35
42d St. Mauli. * St. N.Ave
107
1st mort., 0s, 1910
53
2d mort., income, 6s
3 oust. W.St,* P. F’v--8tk. 155
110
1st mort., 7s, 1894
103
’finth Ave
111
Sscond Av.—Stock
lu3
1st mort., 5*. 1910
(Bklnj—St’k; 150
Central Crosstown—Stk.. < 150
1st mort., 6s, 1922
116
Omt. Pk. N.& R.Kiv.-Stk: 78
116
Consol., 7s, 1902
0 arlst’pli • r&l Ot.h St—Stk J123
Bonds, 7s, 1898
!lll
Dry Dk. E.B.& Bat’y—Stk! 148
Bid.
129
105
107
no
Eighth Av.—stock
Scrip, 6s, 1914
Unlisted Securities.—Quotations from
.
66
Broker, 145
D. D. E. B. *
112
SECURITIES.
62
115
106
78
105
Bonds, 6s
26
*98*
Bid. 1 Aak.
1
Municipal—Bondp, 7s
1905 „.J 70
7s, 1893
49 Wall Street]
Fulton Municipal
Bt nds, 6s—C
Bushw’k Av.
1st mort.,
ICO
180
165100
108
137
’0575
115
150
140
280
Rutger’s.... 125
Standard.... 100
Sterling .... 70
Stuyvesant. 100
United St’es 135
Westchester 135
Williamsb’g. 260
Bonds, 6s
Metropolitan (Bklyn.)
76
r’dway A 7th A v.—St’k
1st mort., 5s, 1904
102
2d mort., 5s, 1914
jl03
B’way Surface bds...l 914; 75
Bonds guar., os,
..
Ip-Hiple’B (Bklyn.)
i Williamsburg
Brooklyn City—Stock
[115
1st mort., 5s, 1902
; 106
Bklyn. Crosstown—Stock. 150
1st mort., 7s, 1888
,100
Louisv.Ev.ifcSt.L.—1st, 6s 103^ *1*04*
2d mort., 2-6s
57
Mar. H. A Ont.—1908, 6s, {*1*0*6"
**9*6*
§
1925, 6s
Phi la. A Reading
West Jersey
89 41
RAILROAD BONDS.
99 V
Trusty 08.’
Kast’rn, Mass.—0s, new..
115
92 4
income
32
Preferred
Mortgage, 5s
K. C Fort Scott <fe G.—lg
K.C. Memph. & Birm—5s
K. City ap’d & Mem.—6s
A.C. Clint. <ft Spring!.—6s
Little R. A Fc. 8.—7 s
2a
Fitchburg, pref
Bid.
Mexican Central—4s
58
Eastern
Preferred
Kan. City Ft. S. &
SECURITIES.
*
145
ino
145
SO
145
135
Nassau'
90
National....
N. Y. Equit. 130
60
N. Y. Fire
140
Niagara
90
North River
140
Pacific
Pet’r Cooper 150
People’s..... 90
100
Phenix
GAS COMPANIES.
[City RR. Quotations by H. L. Grant,
Broker Ht.<fe Knit. P.—bik
1st mort., 7s, 1900
Ask
Bid.
Railroad Stocks and Bonds.
160
114
89
Mutual (N. Y.)
Nassau
...
61
16»
167
St.]
Geo. H. Prentiss A Co., Brokers,
Brooklyn Gas-Light
Citizens’ Gas-Light
Bonds, 5s
Consolidated Gas
Jersey City A Hoboken...
37.259.900
Philadelphia and Baltimore.
Ask.
185
125
125
215
00
L15
125
130
60
no
200
80
100
100
85
125
80
65
SO
87
115
Greenwich..- 190
50
Guardian
100
Hamilton
Metropolitan—Bonds
of each month.
Bid.
People’s.
125
130
122
130
185
COMPAN’S.
Ask.
COM PAN’S. Bid.
1(0
110
Gas and
82.669,901
76,606,243
2.292.290
2.302 870
200
Phenlx
1604
Ask
Bid.
V.Y. Count’
*.Y. Nat.Ex
Vinth
V. America.
Vorth Riv’r.
Criental....
Pacific
Park
170
KingB Co.... 175
70
Knickerb’ki
90
Liberty
Long Island 85
75
Lafas ette...
[Gas Quotations by
7,614,700
Ciroula’n.
90
Exchange...
40,800
Following are quotations of active stocks and bonds. A
complete list is given in the Chronicle the first Saturday
SECURITIES.
20
Republic ... 1404
124
St.Nicholas.
7th Ward... 115
145
230
Second
145
1*4*1*
143
Shoe&Leatli
139
117
StateofN.Y. 11*8*
114
Metropolit’n 214 23 4 Third........ 105
108
Tradesmen’s
151
Vassau.
[155
225
Tutted St’es
215
I
NTew York
150
160
150
170
120
120
125
95
ICO
210
240
...
Citizens’.... 110
117
City
other banks.”
Quotations in Boston,
1
..
225
Eagle
Empire City 85
$
2,283,870
84,589,000
l
170
.
m
Jan. 21
73
40
19
BANKS.
A«k.f
Bid.
200
200
112
200
Mechanics’
M’chs’&Trs
Mercantile..
Mercnants’.
M’rch’ts’Ex.
141
....
American
180,000
Circula’n
I
i Last price this week.
Market
200
140
140
140
Bowery
155
Broadway...
110
Brooklyn ...
Alliance
Philadelphia Banks.—The totals have been as follows:
1888.
1
1004 01V
994 10O
3de, 3-4s.
1st Inc., 5s, 1931
..
168
Bid.
*67*, 566
6.535,100
0.504,500
6,446,300
3,889,900 107.918.900
3,734,600 107,177,100
9,011,300
8,906.800
J’n. 21 139.921,200
100
92
115
112
2ds, 5a
Insurance Stock List.
[Quotations by E. S. Bailey, 64 Pine
2.040,400
9
$
$
$
Deposits.*
1*0*6*'
182
danover...
rm.A Trad’s’ 333
150
Irving
Leather Mfs’ 195
Manhattan.. 160
1127
36,900
the totals of the Boston b ank
L. T’nders.
..
(Cast River.. 130
150
11th Ward.
Fifth Ave.. 700
First
Fourth
165
Fulton
4*48*3*0*6
362.680,700 84,423,900 34,386,800 384,863,700
Boston Banks.—Following are
114
130
..
136
Continental. 123
Corn Exch...
G \8
Total
RAILROAD STOCKS.f
Baltimore A Ohio
1st pref
2d pref
RAILROAD BONDS.
Baltimore <fc Ohio—4s....
Cin. Wash. & Balt.—lsts.
108
Gallatin
Garfield
Germ’n Am..
Germania.
Greenwich
174 4
142
260
210
Chatham.... 220
Chemical.... 3200
140
Citizens’
300
City
444*4*0*6
1,500.tOO
4.495.600
2.059.000
2.986.400
34 0.500
262.700
623.700
543.400
172
Chase
46,000
3.183.600
2.734.700
188.600
210.200
18V.500
America
Am. Exch
Sutchs’&D; 165
Central
45,000
5.537.300
2,190,000
132.300
582.400
410.900
l,950,i 00
2,599*00
15.421,000
212.400
169.700
81,500
600.400
BALTIMORE.
BANKS.
Ask.f
Bid.
BANKS.
42,700
1,402,000, 21,447.600
2,051,400 24,108,900
3.050,400
1.068,000
164.300
544.900
21
1004
Bank Stock List.
532.300
1.437.900
3.153.200
135.100
80,800
2,006 500
1,110.000
457.000
298.200
2,076.200
342.200
I
New York Local Securities.
*2*6*00
5.230.900
2.737.300
3.558.400
611.500
75
I
19
'
42*200
164,200
4.245,< 00
76
74 4
1893.
Deferred incomes, cp...
Phil. W. & Balt.—Tr. c.,48
109 s* 1104
1114 1124
83
83 4
+ Per share,
Ex-dividend.
253,200
8.925.800
687.600
1.379.400
4.291.800
1.958.200
2,270,000
1.128.200
2,651,000
585.100
399.900
106,000
228.700
1.142.500
5.391.500
113.200
*85*3*00
522.800
900,000
192.900
458,000
900,( 00
18,839.900
1.933.700
4,021,800
6,324,10G
8,303.000
2.745.900
425.700
286,800
81.800
288.000
193.000
1.864.600
3,247,0o0
*
538,900
763,560
180.100
1.066,100
4,305,1()0
90,000
14 066,600
954.400
449.100
2
Imp., 08, g., coup., 1897
Gen., 6a, g., coup., 1908
Gen., 7s, coup., 1908
Income, 7s, coup., 1896
260,000
1,254.800
367.200
751.300
229.200
640.900
952.500
2.677.500
H.7 i 2.100
2,955,< 00
2.854.600
2.833.100
..
Hanover
280.300
107.500
277.600
2,204.000
00
45,000
7,677,<00
10.903.700
3,188.000
11.793.700
2.333.800
22,065,4 00
129.100
118,< 00
749.400
45,000
9,980.000
10.055.000
7,422,(00
1,300.000
639,000
796.300
1,311.000
684.200
50.000
934.000
Broadway
Mercantile
North America.
$
$
2,394.000
9,247.000
7.669.400
8,201,000
11,185,500
tion.
Debenture coup.,
121
141
1314 1324
133
132
Penn.—Gen.,6s.c«fer.l910
Cons., 0s, c. * r., 1905.. 1213a
Cons., 5s, c. A r., 1919. 112
4 4s, Trust Loan
Perkiomen—18t, 0s,cp.’87 i*03*'
Phil.&R.—2d,7a, o.«fer.’93 1124
Cone., 7s, coup., 1911..
Cons., 08, g., I.R.O.1911 i‘2*6*"
Circular
other
than U.S.
94
122
143
1923--
Cone. 08. C.<t R.,
Net Deposits
lenders.
9
2.100.C00
$
Hew York
Manhattan Co
Merchants’
Legal
Specie.
120
Leh.V.—l8t,6s,C.*R.,’98
2d, 7s, reg.,1010
Amount of—
Pliila.& Read’g (Cont’d)—
Cons. 5a, 2d ser.,0., 1933
1044
Cam. & Amb.-M., 6s, ’89
Catawlssa— M. 7s, 1900.
Col. &C. M.—1st, 08.1914
'Ash
Bid.
SECURITIES.
Ask.
Bid.
SECURITIES.
Banks.—The following statement shows the
oondition of the Associated Banks of New York City for the
week ending February 4, 1866:
New York City
Average
fV0L. XLVI.
V
32**
10
3 0
v
5.)34
62
5*4**
32-V
60 4
14
10
21
25
'l
Pref
Georgia Pac.—Stock
16
1 On !r»
2d s
Henderson Bridge—Stock
Kanawha A Ohio
1st pref
2d pref
1st Os
Kan. City & Omaha
1st inurt....
48
KeHy Motor
7
14
Lehigh A Wilkes. Coal...
Mex. Nat.Construct’n Co.
St. Louis (t. S. A
34
18 '
1Q<. Ij
!lJ.S. Electric i.ignr,
Utah Central. 1st
V’icksh. A Meridian
Pref
..
24
14
17
23
1
i4
*
99i*
February 11, 188 8. J
THE CHRONICLF.
197
Latest
tojestmjeut
Earnings Reported,
Roads.
Week or Mo
1887-8.
and
gailrcraxt Intelligence.
Rock A Mem.
The Investors’ Supplement contains a
complete exhibit oj
the Funded Debt of States and Cities and
of the Stocks and
Bonds of Railroads and other
Companies. It is published
an the last Saturday of every other
Louis.Ev.
Lykens
Valley..;November.
42,135
164,500
152,625
35,222
22.095
81,000
Week
or
Earnings Reported.
Mo\
1887-8.
1887-8.
81,474
200,559
550,638
507,261
20,912
75.661
64,318
1,283,735
135,410
1,228,093
139,417
218,063
230,012
718,859
694,459
64,342
5,260
24,757
42,722
133,112
15,721
110,764
117,021
154,399
35,015
21,154
117,845
505,600
421.820
1,777,491
168,656
1,743.450
177,900
63,180
64.483
81,000
117,845
8,652
202,118
3,055,917
15,255
29,004
26,794
135,645
100,359
112,545
74,972
45,297
1,395,181
65,765
47,237
490,286
424,116
499,5)60
457,809
157,647!
0,212,927
111,998
71,848
4,601
53,476
286,289
90,538
814,033
N.Y. Sus. A W
(December.
Norfolk A West 1st wk Feb
N’tlieastrn (S.C.) November.
Jan. 1 to Latest Date.
18S6-7.
1 (>,900
411,843
51.875
67,135
60,465
4,613
25,101
—
Latest
52,472
$
17,068
68,050
221,450
7.161
236,015
2,400,772
15,041
816,413
805,067
2,716,704 2,714,710
Y. L. E. A W. December
2,029,935 1,985,149 24,464,236 23,002,509
N.Y. A New Eng. December.
425,857
386,277 4,146,905 4,169,202
N. Y. Out. A W... 41 h wk Jan
railroad companies whose reports can be ob¬
Roads.
20,782
41,708
Date.
1886-7.
$
20,912
12,837
Miss. A Tenn
; 1 st wk Jan
8,652
7.161
Mobile A Ohio .JJanuary...
202,118
236,015
Nash. Ch. ASt.L. December.
275,482 229,946
Natchez Jac.AC (January...
15,255
15,641
New Brunswick. December.
65,568
64,164
N.Y. Ceil. AH.R. January..
2,716,704 2,714,710
cN.
Cross Earnings to Latest Dates.—The latest railroad earn
■ings and the totals from Jan. 1 to latest date are given below
the
45,964
72,136
94,872
6,773
8,317
Min.St.Ste.M A A November
RAILROAD EARNINGS.
tained.
ASt.L.|4th wk Jan
50,267
19,460
423,835
Mar. Col. A No.--.-December
Mar. Hough. AO .'3d wk Jan
Memphis AChas. 3d wk Jail
*Mexican Cent :1th wk.Tan
*Mex. N. (all Ins) December
Mil.L.Sh.AWcst 1st wk Feb
Milwaukee ANo. 1th wk Jan
Minneap.A St. L. January.
Chronicle at 50 cents each, an i to others at $1
per copy,
all
47,043
Louisv. A Nasliv. ‘4th wk Jan
Lou.N.A. A Cliie. 4th wk Jan
Louisv. N.O. AT. :4th wk Jan
month—viz., January,
March, May, July, September and November, and is
fur¬
nished without extra charge to all
regular subscribers of the
Chronicle.
Extra copies are sold to subscribers
of the
for
! 1st wk Feb
Lou. A Mo. Riv. ! November.
1 to Latest
1887-8.
$
17,068
18,739
[4th wk Jail
Long Island
1886-7.
$
Lehigh A Hud...! January...
L.
' Jan.
Northern Cent’l. December
Northern Pacific 1st wk Feb
18S6-7.
Ohio A Miss
Ohio River
Ohio Southern
1th wk Jan
90,165
1,129,439
327,421
494,786
5,474,618
683,419
71,957
289,924
25)5,219
$
$
$
j 4th wk Jan
6,287|
20,630
18,404
Allegheny Val. j December.
156,799 2,029,108 1,812,729
,'januarv..
59,186!
59,186
•Atcli. T. & S. Fe.'November. 1,657,078 1,719,355
53,476
Oregon
Imp. Co 'November
16,965,412 14,459,378
393,252
3,796,502 2,735,013
Atlanta & Char. November.
134,5391 113,5 94 j! 1,198,749 1,054.093
Oreg. R. AN. Co. 3d wk De
103,391
5,104,398 5,211,920
Atlantic A Pac..' 11 h wk Jan;
56,572
55,883
229,012
Pennsylvania.
December. 4,892,954 4,428,216 55,071,303 50,379,068
207,564
Balt. A Potomac December.
Penn. Company.
120,983
110,349 1,447,332 1,345,8*3
Beech Creek
December I
No.
97,352
West. sys. December.
58,789;
786,823
609,096
18,532,322 15,469,215
Buff.Roch. A Pitt:4th \vk Jan
33,960
So. West. sys.. December.
39,821
149,623
123,446
1,287,937 1,166,064 14,362,552 12,002,449
Bor.C.Rap.& No/1th \vk .Tan
72,488
Peoria Dec. AEv. 4th wk Jan
72,94.3
208,244
220,208
20,250
23,250
58,500
70,639
'Cairo V. & Chic !lth wk.Tan
16,652
5 4,538
15,065
Petersburg
57,721
November.
31,404
28,300
326,276
326,177
Cal. Southern... ! ltli \vk .1 an
44,186
Pliila. A Erie
149,437
124,395
December.
328,637
301,174 4,036,931 3,708,484
{Camden & Atl’c December j
33,724
tPhila. A Read’g. December. 1,715,656 1,576,714
29/971 678,644
599,091
21,903,073 19,766,815
Canadian Pacific 4 th \vk Jan
259,000
Coal
A
Iron
213,000
Co.
803,000
643,493
December. 1,573.422; 1,342,525 19,656,701115,843.679
Cp.F’r AYad.Val January... I
27,233
Tot.
both
20,713
Co’s..
27,253
20,713
December, 3,289,078 2,919,238 41,559,777i 35,610,494
Carolina Cent.. J December, j
Pitts. A West’rn It h wk Jail
48,695
46,219
117,568
153,106
37,660j
46,672
Central of Ga... tth wlc Jan
166,379
136,4771
486,552
P’rtRoyal AAug. November.
418,198
26,609
25,752
292,860
283,165
Central Iowa
Pt.
January... j
99,745
109,446!
R’ai
A
W.Car.
99,745
100,446
November.
33,908
33,548
Central of N. J | December.
974,880 995,925' 11,528,588 10,742,892 RAW. P.Ter. CoCentral Pacific (November. 1,307,4 42
Rich.
A
964,132 12,498,085 10,904,835
Danv 3d wk Jail
103,975
101.775
289,350
257,775
Central of S. C.iNovemberJ
9,241
Va. Mid. Div.. 3d wk Jan
8,175
3 1,225
22,950
94,375
69,600
Charlest’n ASav November.!
42,910
C.
40,574
C. A A. Div. 3d wk Jail
416,205
433.081
18,2
0
18,600
45.000
51,300
Cheshire..
November.;
5 4,303
Col. A Gr. Div. 3d wk Jail
49,964
605,777
579,862
14,050
13,275
41,000
31,825
Cheraw & Dari November.
7,917
7,511
WcstN.C. Div. 3d wk Jail
13,5)25
11,100
42.U75
29,050
Chesap. A Ohio. November.
412,123
358,551 4,0*99*351 3,755,867
W. O. A W.Div. 3(1 wk .Tail
2,200
1,5)00
6,875
6,075
Eliz.Lex.AB.S. December.
87,833
Ash. A Sp. Div. 3d wk Jan
80,8461 1,103,585
937,528
2,275
800
5,775
2,500
Ches. O. A S. W.. January..
160,759
Total all
145,600
:3d wk Jan
160,759
145,600
170.400
185),450
530,750
444,825
•Ches. A Lenoir..(November.
7,402
6,103
Rich. A Petersbg.1 November.
20,175
17,332
210,584
193,452
Chic. A Alton... October...
903,372 808,9 42 7,392,907 6,565,102 Rome W. A Og
December.
263,806 233,294 3,215,600 2,878,675
Chic. A Atlantic 1st wk Feb
35,335
38,956
AT.H.
IfSt.L.Alt.
4th
wk
Jan
175,878)
177,511
51,127
52,383
160,085)
154,189
•Chic. Burl. & No. November.
154,899
142,901 2,134,200
Branches
26,115
;4 th wk Jan
24,152
78,086
74,085
Chic. Burl. & Q (December. j2,163,388 2,368,432
St.L.
Ark.
A
Tex
27,576,078
1th
wk
Jan
26,728,408
78,3(52
53,556
1G6.0Z4
217,6 >4
-Chic. A East. Ill. 1st wk Feb,
38,500
A
St.L.
San
35,520
Frail.
196,126
1st wk Feb
190,583
84,800
81,497
477,493
467,983
■Chic. A Ind. Coal 4th wk Jan
12,701
10,887'
43,581
28,412 St.Paul ADuluth ltli wk Jail
25.943
30,418
67,854
98.857
Chic. Mil. ASt.P. 1st wk Feb! 364,500
342,892 1,816,500 1,833,131
St.P.Min. A Man. January...
482,421
459,251
482,421
Chic. A N’tliw’n.(December.'2,191,563
459,251
2,174,554 27,140,720 25,348,848 S.Ant.AAr.Pass.;2d wk Jail
17,820
34,781
•Chic. & Oh. Riv. (January.
3,274
Scioto Valley
6,631
3,274
November.
6,631
70,723
61,536
726,223
G23,339
-Chic. St. L. A Pitts December, i 523,407
469,425' 5,862,761 4,812,317 Seab’rd A Roan. December.
(57,486
54,693
‘Chic. St.P. AK.C. January... i
121,862
82,045!
Shenandoah Val January...
121,862
82,045
50,000
57,288
50,000
57,288
-Chic. St.P.M. AO. Jieeember.j 599,410
563,499- G,943,428 J 6,153,266 South Carolina
December.
122,898
97,949 1,217,392 1,120,060
Chic. A W. Mich.j-ith wk Jan
25,997
28,056
So. Pacific Co.—
82,1 ii;
81,859
Cin.Ind.St.L.AC. December.
236,889
Gal.liar. AS. A.'December.
246,977; 2,692,076 2,601,563
314,878
246,670 3,317.181 2,599,463
•Gin. Jack. A Mac. 3d wk Jan
7,642
5,725
Louis’a West.. December.
22,074
18,521
77,840
66,061
843,794
644,688
•Ciu. N. O. AT. P. 4th wk.Tani
104,454
102,685 j
December.
Morgan’s
277,(527
265,194
LAT.
620,732
484,833 4,68 4,259 4,185,437
Ala. Gt. South. !4th wk Jan
52,119
48,586 1
N.
Y.
T.
A
Mex.
136.749
December.
127,791
li)t5d()
14,073
158.858
170,526
N.Orl. AN. E ; tth wk.Tan1
251,627
27,087
Tex. A N. Orl.. December.
75,045)
69,003
115),12(5
102,154 1,267,563
j
998,169
Vicksb. A Mer. Tth wk Jan!
18,005)
21,612
46,06(5
Atlau’c
53,258
system December. ,148,119
913,792 10,313,108 8,586,617
Vicks. Sh. A P. 4th wk Jam
1 8.546
28,495
Pacific system December
47,252
59,699
,402,5)77 1,5)90,754 27,055,75)9 23,523,541
Erlanger Syst |4tli wk Jail; 222,755
228,465
Total
of
582,743
575,145
all..!December. ,551,096 2,904,546 37,369,205 32,110,158
Cin.Rich. AFt. W. 1 st wk Jan
(5,658
$
179,048
.
.
..
1,585,696^1,350,956
....
....
..
-
.
m
m
»
m
m
™
s&im
.
Cin. A Sprihg’d January...!
Cin. Wash.ABalt. 1th wk.Tan
•Clev. Akron ACol. lth wk Jan!
Clev. A Canton I December.!
•Clev. Col.C. A Ind January... i
Clev. A Marietta 1th wk.Tan
Gceur d’Alene
December i
Col. A Cin. Mid
1th wk.Tan!
Col. Hock. V. AT. 4th wk Jan;
Denv. A Rio Gr 1st wk Feb
JDenv. A R. G. W. 1th wk .Ian
X>eu. Tex.AGulf. 3 wks Jan
Det.Bay C.AAlp. January.. J
Det.Lans’gA No. Tth wk Jan
Du’uthS.S.AAtl.j I th wk .Tan
E. renn.Va.AGa.i tth wk
Evans. A ImVplisiUh wk Jan
Evansv. AT. H.jlthwkJau!
Flint A P. Marq.j lth wk Jan!
Fla. R.ANav.Co. 3d wk
Jan|
Ft.W.A Den.City Tth wk Jan
Georgia Pacific 2d wk Jan
ttGr. Rap. A Ind. Jan 'ary.. j
Grand Trunk... Wk.Jau.28j
Jan]
Gu.liay W.ASt.P November.!
Gulf Col. A S. Fe. December.
j
Hous.ATex.Cen, 3d wk Jail!
Humest’n ASlien December !
Ill.Ceil. (Ill.ASo)
Cedar F. A Min.
X)ub.ASiouxC.
Ia. Falls AS. C.
January...
November.!
November.
November, j
Ind. Bloom: AW. 4 th wk Jan
Ind. Dec. A Spr January.
Ind. A St. Louis i 4th wk Jail'
Jack. T. A K. W. November, i
K.C.Ft.S. AGulf. !jd wk Jail
Kan. C. Sp. AM j.Td wk Jam
Kau. C. Cl. A Sp 3d wk Jan:
Kentucky Cent (December i
Keokuk A West, [ tth wk Jail!
Kingst’n A Pern. 4tli wk Jan!
Knoiv. A Ohio .!November..
Lake E. A West ' ith wk Jan:
6,245
85,235)
6,(558
85,610
6,245
51,589
12,693
28,804
54,604
11,917
29,15)7
298,349
7,888
85,235)
170,45)0
85,610
182,861
36,760
356,916
313,436
7,923
16,181
6,401
56,000
135,000
29,200
14,999
27,500
22,05)11
24,365)!
104.121
5,255!
20,312
64,029
22,840
15,4001
29,367 i
183,403
227,428
34.377!
356,270
45,069
17,420
888,900
10,540
82,235
67,128!
9,874
59,000
127,000
24,175
9,208
24,396
25,988
17,451
134,201
42,93(5
373,9(55
313,136
24,5)041
24,093
204,51 8;
732,400
86,(575
14,5)5)5)
27,500
(50,513
74,95)0
480,470
50,8291
16,56 it
672,650
71,559
9,208
24,39(5
70,293
42,778
422,487
133,529
161,761'
{West Jersey
December.
November.
Wil. Col. A Aug
Wheeling A L. E. I st wk Feb
^Wisconsin Cen. 4th wk Jan!
+
And branches.
c
After
15,892
84,855
54,813
106,872
H Including Ind. A St. Louis,
765,251!
159,126
8(58,578
576,249
202,600
42,487
154,189
52,383
38,621
402,173
56,473
128,293
83,752
42.460
3,545
71.461
7.597
2.975
13,196
1,0G7,468
9.427
29,200
9,525
920,697
24,545
6,374
143,446
146.386
36,995
43,882
252,459
151,043
108,933
98,85)7
74,006
83,565)
64,217
1,501,638
2,985,881
1,395,676
607,983
73,616
40,628
16,932!
13,141
96,557
85,815!
1,469,215
1,352,458
678,224
86,175
614,678
220,759
64,772
216,535
* Mexican currency.
deducting earnings paid over to leased roads operated
959,948
28,171
160,689
1,590,163
3,885,483
1,521,815
635,799
69,763
on a per¬
centage basis.
tNot
58,9 -.2
166,217
342,848
134,348
55,900
9,087
40,028
December.j
161,647
160,852
625,525
187,365
142,765
465,903
169,176
59,202
10,558
42,883
42,883
Summit Branch {November.
147,222
117,0(>7| 1,235,857
628,718
Texas A Pacific. 4th wk Jan! 173,303
183,192
557.536
524,569
Tol.A. A.AN.M’li 1st wk Feb
10,376
9,066
44.308
58,744
Tol. A Ohio Cent. 1st wk Feb
24,925
21,812,
130.659
107,768
Tol. P. A West.. 4 tli wk Jan!
21,045
20,2541
72,511
74,625
Union Pacific...
,243,872 2,343,543 28,557,766 26,280,186
Valley of Ohio.. November.;
50,793
61,106
601,160
570,977
Wab. Western... ltli wkJan
14(5,777
142,038
414,(550
400,885
Wab., E. of Miss November.
55)0,850
581,510 6,354,75)1 6,201,669
West N. Y. A Pa. ltli wk Jan
6(5,500
61,300
189,809
213,900
8 S8,900:
42,487j
5.083
81,137
9,197
4,150
47,052
45,905
*28* 161
223,5(55
Spar. Un. A Col.;November.
StatenIs.Rap.Tr January.
959,948
28,471
42,990
28,979
24,465
6,081
l(5,277i
18,20'
1(5,837
(53,436
54,(510
57,872
15)2,560
171,395
20,850
65),470!
65,280
10,154
61,27(5
37,(519
24,852
53,256
41,140
175),522
183,403
179,522
309,319 1,062,354 1,100,446
36,725
420,967
316,004
23 1,646! 2,928,277 2,274,171
52,042
51,127
35,492
298.3 19
So. Pac. RR.—
|
No. Div. (Cal.) November.
So. Div. (Cal.) November.
Arizona Div ..'November.
New Mex. Div November.
a
including Central of N. J. in either
year.
All lines included.
Latest
Gross
Earnings by Weeks.—The latest weekly
earnings in the foregoing table are separately summed up
below.
While
quite
for the fourth
bad
number of roads report diminished earnings
week of January, in part as the result of the
a
weather, taking the roads
crease over
last year,
as a
whole there is
a
slight in¬
4/A week of
January.
1888.
1887.
Increase.
Decrease.
$
$
$
$
72,488
16,652
259,000
1( 6,379
46,144
12,701
25,997
Chic. A West Michigan...
Cin. N. O. & Texas Pac...
Alabama Gt. Southern
New Orleans A N. E
Vicksburg A Meridian..
Vicksburg Shrev. * Pac.
Cin. Wash. A. Halt
18,009
18,510
51,589
12,093
7,923
6,401
Kingston* Pembroke..
Lake Erie & Western
Little Rock & Memphis..
Louisv. Evansv. & St. L.
Louisville * Nashville...
Louisville N. Alb. A Chic.
Louisville N. O. & Texas
Mexican Central
.
Milwaukee* Northern..
New York Out. * West...
Ohio & Mississippi
Ohio River
!
Peoria Dec. * Evans
j
Pittsburg & Western
j
•St. L. Alt.* T. II., M. Line
St. L. Alt. & T. H. Brclis..)
St. Louis Ark. * Texas...!
j
St. Paul & Duluth
Texas & Pacific
;
Toledo & Ohio Central... I
Tol. Peoria A Western
!
!
Wabash Western
Wheeling * Lake Erie... I
Wisconsin Cent, (all lines);
Total (G3
!
roads)
24,175
25,988
5,025
17,451
0,918
29,920
Total of all
Union Pacific
3,897
820
Central Pacific
Sc. Pae. RR. Co.—
No. Div. (Cal.)
<f
-
-
4,001
23,250
40,072
52,383
24,152
53,556
1,080
,570,795
4,405,150
59,202
20,484
Year.
,
13,156
1,903
24,800
28,804
7,011
Cantcn.Gross.
Net...
8,89 1
*
Road.
791
4,739
7,43s
Rome
.
263,806
107,475
Watert’n* Og.Gross.
Net...
168,378
77,727
208,796
99,598
21,339
10,211
-July 1 to Dec. 31—>
1887.
1886.
$
$
201,402
190,010
08,354
44,210
.
$
29.197
0,484
December.
»
1887.
1886.
4,475
9,889
$
$
1886.
$
Road.
1886.
1887.
$
December.
1887.
Cleveland &
-Avril 1 to Dec. 31.—s
1S86.
$
26,537
Yad. Val.Gross.
Net,..
,■
745,052
2,985,881
959,309
1,395,076
607,911
607,983
287,864
-
Oct. 1 to Dec. 31.-n
1886.
1887.
$
782,243
$
859,394
403,129
$ ,
233,294
101,582
384,106
10,742
ANNUAL REPORTS.
211,997
323,030
111,039
1887.
1888.
$
35,335
38,500
304,500
135,000
Increase.
Decrease.
~~v~
$
$
38,950
35,520
342,892
127,000
47,013
35,222
74,972
157,047
84,800
10,370i
41,708
35,015
05,705
111,998
81,497
9,000
3,021
2,980,
9,207;
45,0491
3,303
1,025,252
924,370
Monthly to Latest
104,5031
3,021
100.882!
(10-91 p. c.)
Dates.—The tables follow'
ing show the latest net earnings reported this week, the
returns for each road being published here as soon as received,
but not kept standing from week to week.
The first state¬
ment includes all roads for the latest month and from Janu¬
ary 1, 1887; following that we give the totals for the fiscal
companies whose fiscal year does not
year on those
with the calendar year.
Moiitli and Calendar
December.
1887.
$
Roads.
Val.Gross.
Net...
20,537
13,150
correspond
Year.
,
1880.
$
21,339
10,211
1887, together
his
over
satisfactory.”
Comparative
$
$
-
227,222
111,540
statistics for four years,
Chronicle, are as
follows:
OPERATIONS AND FISCAL
1883-84.
1,173.439
Passengers carried ..
Passenger mileage... 27,181,709
Rate per pass. p. mile.
2*82 ets.
Freight (tons) mov’d.
2,370,534
Operations—
Fr’ght /tons)
r-Jan. 1 to Dec. 31.—
1887.
1880.
270,485
133,473
obligations
the reorganization agree¬
present fiscal year which
has passed, the increase in net earnings is about $120,000
the corresponding quaiter of last year, and if the same
ratio of increase continues for the balance of the year—which
it is hoped and believed that with the new cars lately pur¬
chased it will—the result of this year’s business will be highly
placed upon it under the terms of
ment.
For the first quarter of the
1,310
3,791
Western
that
207!
3,113!
Pennsylvania.
(For tlie year ending September 30, 1887.^
The receiver submits his report of the business of the road
during his administation up to November 30,
with the report of the officers for the fiscal year ending Sep¬
tember 30. 1887. The company now reorganized is the West¬
ern New York & Pennsylvania.
The receiver remarks in
report: “ The physical condition of the property
5,335
13,141
&
improved and the steady growth of tonnage indicates
under the settlement of rates afforded by the Inter-State Com¬
merce law there is reason to believe that within a reasonable
period the earnings will te sufficient to meet the
8,0001
21,812!
Philadelphia Railroad (now
New York
is materially
21,008!
24,925!
10,9321
Central... i
1
■Wheeling & Lake Erie
Toledo * Ohio
York &
Buffalo New
St. Louis.
Chicago * Atlantic
I
Chicago & East. 111s
!
Chicago Mil. & St. Paul... \
Denver & Rio Grande
i
Long Island
|
Milw aukee L. Sh. A West i
i
Norfolk * Western
Northern Pacific
j
St. Louis & San Fran
I
Toledo Ann A. ANo. Mich
Cape Fear * Yad.
.Gross.
Net...
1,501,038
100,217 1,590,103
731,182
77,308
342,848 3,885,483
152,388 1,208,007
134,34 8 1,521,815
604,535
50,952
035,799
55,900
205,010
23,812
,
Cape Fear &
3,000
9,012
1,250
10,902
.Gross.
Net...
465,903
108,422
169,176
13,501
Road.
2,210
109
.Gross.
Net...
1887.
941
71,848
142,765
57,377
$
$
964,132 12,498,085 10 904,835
337,322 5,924,347 5,595,310
$
Montli and Fiscal
—December.
5,911
..
5,001
31,388
90,557
Ft bruary.
Net Earnings
Div
2,500
11,992
roads have reported,
in the aggregate.
Net increase
New Mex.
2,043
-
For tlie first week of February twelve
and they show a gain of 10,(J1 per cent
Total (12 roads)
(Cal.)
Arizona Div
2,023
21,340
85,815
Including Indianapolis &
Is/ week of
Bo. Div.
Gross.
Net...
1886.
1887.
1886.
1887.
$
.Gross. 1,307,442
Net...
002,951
Road.
1,000
1,175
1S3,192
25,152
20,254
142,038
140,777
system
0,920
Net increase (2‘50 p. c.).J
*
Pacific
30,418
25,943
173,303
34,046
21,015
3,029,522 2,092,809
453,478
27,055,799
23,523,541
Gross. 2,402,977 1,990,754
Net... .709,080
703,087 11,999,230 11,324,136
Gross. 3,551,090 2,904,546 37,309,205 32,110,158
Net... 1,223,158 1,041,897 15,028,758 13,416,945
Gross. 2,243,872 2,343,543 28,557,706 20,280,186
Net...
704,224 972,817 11,911,005 9,920,006
,—Jan. 1 to Nov. 30.—,
November.
,
Net...
81,891
•
102,154
51,220
913,792
278,810
Atlantic system.... Gross. 1,148,119
2,059
3,475
0,157
10,900
411,843
51,875
07,135,
133,112
21,154
20,794
20,115
78,302
■.
3,473
3,882
20,782
29,004
71,957
0,287
20,250
37,000
51,127
m
35
4
423,835
45,904
72,130
104,500
22,095
»
776
309,319
58,902
7,597
2,975
4,150
45.905
18,739
19,400
m
3,003
9,949
3,015
57,872
9,197
Keokuk & Western
m
1,709
3,533
2,540
0,081
10,837
227,428
52,042
m
090
1,814
134,201
164,121
5,255
20,312
04,029
Flint & Pere Marquette.
Grand Trunk of Canada..
Indiana Bloom. & West...
m
$
4,185,437
1,043,127
158,858
22,107
9,006
998,169
1.267,563
434,419
503,353
10,313,408 8.580,017
$
4,084,259
1,340,279
170,526
540
3,205
119,120
38,390
Texas * New Or... Gross.
Net...
40,000i
29,902
15,530
N. Y. Tex. & Mex.. Gross.
Net...
1,587
9,874
22,091
24,369
Net...
....
....
455
7,888
29,200
Morgan’s La. &Tex. Gross.
r-Jan. 1 to Dec. 31.-^
lc80.
1887.
,
$
484,833
175,235
14,073
$
020,732
289,555
Roads.
9 w
10,887
28,050
102,685
48,580
27,087
21,612
28,495
54,004
11,917
101,454
52,119
29,627
Cleveland Akron A Col...
Cleveland A Ma rictta
Col. & Cin. Midland
Denver A R. Grande West. |
Detroit Lans. & North... !
Duluth S. S. A Atlantic... j
j
East Tenn. Va. A Ga
Evansville & Ind
Evansville A T. II
089
55,883
72,943
15,005
213,000
130,477
40,840
56,572
Decern ber.
1886.
1887.
48,885
74,180
1,327,347
,352,642
Prev’ly report’d (12 roads)
Atlantic & Pacific
Burl. Cedar R. A North...
Cairo Yin. & Chic
Canadian Pacific
Central of Georgia
Chicago A East. Ills
Chicago A Ind. Coal
XLYt.
[VOI.
CHRONICLE.
1HE
198
Rate per
mil’ge.211,040,876
0-788 ets.
ton per mile.
$
Earnings—
Passenger..
691,876
1,854,114
Freight
68,784
etc —
Mail, express,
compiled for the
HE:sults.
1885-80.
1884-85.
1,108,402
24,118,963
2-93 ets.
1886-87.
1,205,404
1,215,244
25,223.115 22,887,107
2 91 ets.
3T4ct8.
3,254,874
2,933.352
2.417,975
76.991.830 375,552.184
2 0-601 ets.
0 495 ets.
$
$
640.345
624,797
1,649,843
60,874
35)8,894,687
1,852,5*6
69,286
2,50 *,21 7
2,335 f 14
2,6’4 774
2,308,432 27,570,078 20.728,108
Total...
2,195,210
1,880,667
930,449 1,227,117 12.3.-3,202 13,081.408
Oper. exp. * ti xes.. *2,087,811
28,804
29,197
373,905
350,910
Cleveland A Canton.Gross.
373,607
4 54,8 47
520,933
7.011
108,142
6,484
77,929 Net earnings
Net...
714,134
7,983,420
<5,738,079
035,215
Gross.
Denver * Rio Or
Includes overcharges, $205,061
Net...
232,471
200,511' 3,241.370 2,510,002
INCOME ACCOUNT.
2,535,485
219,499
247,547
2,948,075
Grand Rap. * Ind
Gross.
1885 80.
1884-85.
1883-84.
Net...
52,944
99,970
905,850
870,010
$
$
$
Tice: ipts—
81,137
71,401 1,007,108
920.097
373,007
454.847
Kentucky Central
Gross.
520.933
31,450
20,133
455,352
332,324 v, t earnings
Net...
55.S53
57,924
42,300
Rentals * interest. ..
330.385
272,370 2,243,213 1,803,782
Louisv. N. O. ATcvas.Gross.
428,8(0
Net...
140,551
13 1.700
099,84 8
551,219
512,771
569,233
Tot .1 income
Mexican < V.ntral
Gross. 5 10.050 4 10,980 4,8^(5,580 3,857.70(5
Disb nr sc men Is—
280,772
231,91(5 2.109,127 1,404,018
Net...
1,275,935 tl ,413,500 tl,410.3S0
Interest on bonds...
206,234
342,783
130,751
120.411
119,184 1,191,38.8 1,519,(519
Other interest, Ac...
Minneapolis * St. L..Gross.
20.534
52,070
128,117
498,088
Net...
Tot. disbursem’ts..
1,400,086 1,756,283
(55,5(58
0 1,10 1
810.143
8(5,007
New Brunswick
< iross.
23,3(51
22,232
2 1 1,972
254.1 25 Balance
Net...
def. 837,453 df.1,243,512
2 03,80(5
2 33,29 4 3,2 1 5,(500 2,8 78,(575
Rome Watert’n * Og .Gross.
Net earnings Oct 21 to Dee. 31,1882. included in report
Net...
107,475
104,582 lr131,109 1,274,022
t Includes fi 11 inte»est--paid and unpaid.
Bo. Pacific Co.—
X No interes-t was charge it in 1880-87.
Gal. liar. * 8. An..Gross.
314,878 21(5,070 3,347.1 s4 2 599,403
v
*277,799 was spent for rental, new cars, new
Net...
83,481
1(5.59(5 ,(582,94 7
2 77,041
Chic. Burl. *
Q
Gross. 2,103,388
Net...
0‘498cts.
$
626,123
1,988,552
73,(80
2,087,755
12,390,579
297,176
*
*
Louisiana.Western Gross.
Net...
77,84(5
38,787
(50,001
35.211
843,794
414,830
(54
1,088
329,210
on
$
297.176
40,S13
337,989
*150
70,670
1,016,014
70,820
df.1,187,751 ![sur261,109
for 18:0-81.
.
boat mists, etc., as
1886 S7«
ordered by eouit, and not
debt is d ducted.
locomotives, steam¬
deducted lure.; uo interest
February
THE CHRONICLE.
11,1888,]
New York
Susquehanna & Western.
(For the year ending December 31, 1887.^
The annual meeting of this
company will be held on the 23d,
when the annual report will be
submitted, which will be pub¬
lished in the Chronicle
of the 25th inst.
full report,
In advance of the
the following statement has been obtained of the
earnings and income account in 1887, the figures being placed
in comparison with those of 1886 and 1885 :
Earnings from—
Passengers
Freight, coal and milk
Car seivice
Mail, express and
Miscellaneous
.-.
..
earnings
operating
Per cent of
exp.
to
INCOME
Nor earnings
7 969
9,843
1,092,355
587,441
1,129,441
637,662
1,395,186
762,139
504,914
491,779
633,047
5377
56-46
633,047
27,If 9
50
535,802
660,206
25,000
*327,765
29,500
192,352
30,079
441,120
26,494
155,919
Total
Disbursements—
bonds
*322,095
_
7.
Miscellaneous
Taxes....
Total
disbursements
Balance
914
.
*
34,493
which payment
i
f $25,200
was
1884.
$
521,192
3,405,220
174,998
164,318
Total gross earn’s.
Operating expenses.
2,711,154
1,516.858
2,771.120
3,252,056
1,6*9,291
1,960,910
4,254,794
2,483,781
Net earnings.
P.c. of op. ex. to earn
1,194,296
1,121,829
1,291.146
1,771,013
55-9
60-0
60 29
63,040
Net income
m tf/n i
irt
i
.$
1,121,829
1,191,296
/c
4*
Inter, on bonds. &c..
Miscellaneous
4!
953,436
Deduct interest
r
bonds
on
pa} ments
*1,325,449
1,184,547
9,239
EARNINGS AND EXPENSES.
1885.
1886.
.$
2,422,443
1,407,693
$
2,546,525
1,558,307
$
2,539,333
1,475,527
1,014,753
988,213
1,063,811
INCOME ACCOUNT.
Receipts—
Net earnings
Interest, etc
Disbursements—
Interest on bonds
Leased lines interest..
K.C.S. <fc M. proport’n.
Ft. Scott equip, bonds.
Dividends
Rate paid on com
Do
Sinking fund
Miscellaneous
1884.
1885.
$
1,014.750
$
988,218
27,395
Total income
1,042,145
988,218
$
$
162,546
5
2^
8
8
21,176
Total disbursements.
Balance
1,063,811
1,066,321
.$
1,237,134
215,'21
133,703
99,018
429,120
4^
4
8
8
384
22,300
3,805
22,500
1,046,213
def. 4,068
964,461
sur.23,747
1,084,330
Kansas City
(For the year
22,300
1,076,552
sur. 6,710
sur.31,991
Springfield & Memphis.
ending December 81,1887.^
Jan. 1/87.
$294,313
Add. in ’87.
90,504-
Acc’nts re¬
ceivable.
Due from
E. Tawas
office
Cash
Total
earnings
Operating expenses and taxes
Net earnings
Add guaranty receive 1
Ft. 8. Sc, G. KR. t o
1886.
1887
$1,511,461
1,146,300
$1,569,708
$2,03*,965
l,08u,‘ 99
1,3 17,736
$345,160
$480,709
$691,229
109,624
31,475
$474,7 85
$512,185
'
Deduct interest
from K. C.
bonded debt,
equipment, sinking fund. &c*
on
Surplus for the
*From this
year
surplus 2kj
456,227
496,225
$18.
$15,960
k
8
per cent dividend (the
$2,500,000
1,670,000
25,380
966
86,359
31,165
95,569
first)
was
$4,283,207
GENERAL INVESTMENT NEWS.
Cedar Falls & Minnesota—A press dispatch
from Dubuque,
February 10, says that on the motion to dissolve the injunction
restraining it from bringing suit against the Dubuque & Sioux
City for rental, the court refused to modify the
injunction,
excepting so far as to allow the Cedar Falls to sue those not
parties to the pending suit.
The Dubuque & Sioux City
have offered to pay the
monthly rental into court, but it was
ordered instead that the
company give bonds for $100,000 to
respond at the end of the suit, if the lease should not
be
declared void. The trustee sunder the
mortgage have already
sued the Illinois Central for
rental.
mileage is 1,410, against 1,334 last
Gross earnings
Operating expenses
year :
Ni vnnber.
1887.
1886.
/
>
,
Jan. 1 to
1887.
Nov. 30—,
1886.
$1,307,442
701,191
$964,332
626,810
$12,498,O85$10,904,835
Net earnings
Add rentals.
$602,951
$337,322
$5,924,347 $5,595,310
11,483
Total net income
Fixed charges
$603,995
119,232
$5,935,830
Net profits
Construction Sc imprt.
$154,763
$897,863
..
0,573,738
3,014
8,135
$146,628
5,309,525
5,037,967
186,250
$711,613
*
Fixed charges include rentals, interest, taxes and U.
S.
sinking fund, and rentals for leased lines.
Government
Che-apeake & Ohio Reorganization.—Stock and bond¬
Chesapeake & Ohio Railroad are fortunate in
having its reorgan iz tion undertaken by Messrs. Drexel, Mor¬
gan & (Jo. and their associates in a syndicate.
The Clies peake & Ohio Railroad has heretofore been
practic illy without
any west rn connection, ending as it dees at Ash¬
land on the Big Sandy River. At ibe latter
point connection is
made with the Eliz ibethtown
Lexington & Big Sandy, but
the route
holders in the
AND CHARGES.
1835.
31,1887.
mortgage bonds
j Capital stock
• Accounts payable
Bills payable
(Surplus
385,378 !
i First
23,143 '
Balance
This company has just declared its first dividend
of
per
cent.
Th“ income account in 1887
compar, s aa follows with
1885 and 1886.
EARNINGS, EXPENSES
$118,200
$83,940
Central loiva.—Judge Gresham has entered a final
decree
of foreclosure of the Illinois Division of the
1887.
Central Iowa
Railway Company. The decree finds that there is now due
$
2,732,204 on the n ortgage to the Central Trust
Company of New York
1,661,171
$1,708,956, and that the road shall be sold in on March 17. No
bid less than $300,000 will te taken. The
1,071,033
purchase of this
division will place the
property all in the bands of the reor¬
1887.
gan zation committee, when the plan will be carried
through.
$
Central Pacific.—The following is a
1,071,033
comparative statement
12,229 of the earnings, expenses and fixed charges of the
company
for No^ ember, and from
January 1 to November 30. The
1,083,262
.$
176,400
177,236
214,187
111,477
103,250
405,880
213,078
109,625
116,951
336,156
475,576
pref—
1886.
$
2,510
166,081
204,123
76,212
102,661
$212,069
$138,450
$92,961
$25,239
Equipment—
*1,872,662
Kansas City Fort Scott & Gulf.
(For the year ending December 31, 1887.^
This comp my has declared a dividend of 4
per cent, semi¬
annual, on the preferred stock and 2% per cent on the com¬
mon.
A summary of the
earnings and income account is
given as follows in advance of the full report :
earnings
365
BALANCE SHEET DEC.
1887.
$
Total disbursem’ts.
953,436
1,195,690
1,193,786
1,237,134
Balance for year
sur.240,960 def. 73,861 sur. 131,663 sur. 635,528
*
Includes income from investments, Sec.
Net
$117,835
6,640
9,021
Construction—
Jan. 1,'87 $3,538,486
Add. in’87.
209,459—$3,747,945
4.
55,699
Total gross earnings...
Opcr’g exp. and ta es..
$205,429
Total.
Balance surplus
58 00
1886.
$
1,139,991
1884.
$241,696
123,861
$4,283,207
1885.
$
14,388
expenses and taxes....
INCOME ACCOUNT.
1884.
1886.
19,693
Total net
$
685,250
2,025,087
161,875
$963
$164,268
Net earnings
r ineou o..
1887.
486,231
2,5f 0,827
$154,718
153,755
1887-
Total
Operating
•
458,445
2,138,120
174,5? 5
(2*2 %)
$6,183
Passengers
Mail, express, &c
Otln
188G.
.$
$129,187
.(2%) 123,004
Earnings from—
of
1885.
$
.
$370,4S0
215,762
Freight
(For the year ending December 31, 1887.^
In advance of the annual
report, the following
statement has been prepared for the Chronicle : preliminary
Earnings—
Passenger
Freight
Mail, express, &C
$349,393
220,205
Detroit Bay City & Alpena.
(For the year ending December 31, 1887^.
The following statistics for the
year have been issued:
Otln
deferred.
$1,395,977
1,055,497
Surplus
469,526
f 05 610
547,677
sur. 35,388
df. 11,875 sur.l54,f 96
Norfolk & Western.
3886.
$1,414,022
1,064,629
oarnirgs
Balance
Dividends
35,455
2,541
Half interest only paid on N. Y. Sus. & W. tirsts
and debentures.
tThe car t-lists accrued during the
year amounted to $117,552,
18S7.
,
Interest
54-62
491,779
44,023
follows:
earnings
Net
20,253
504,914
as
Expenses
VCCOUNT.
.
Car trust oblig;. tie ns
Gross
25'*,522
1,078,635
26,933
18,977
earns
The directors of the
Chicago & West Michigan Radroid Co.
have declared a dividend of 1
per cent (making 2 per cent for
the year, as against
2% per cent in 1886), payable Ftb. 15,
1888, to stockholders of record Feb. 7. The
company’s business for last year shows, in summary of the
comparison with
^
$
„
r
Chicago & West Michigan.
year ending December 31, 1887J
(For the
1886,
1887.
17,976
8,762
Other income.
on
$
247,155
830,954
24,3 86
24.360
Total earnings
expenses
Interest
Rentals
1886.
$
234,068
807,189
telegraph
Operating
Net
1885.
199
$691,229
.
552,967
*$138,262
declared.
to
most
Cincirm.ili
prohi* itorv of
a
is circuitous and
large freight traffic.
along the Ohio River between Ashland and
rapidly pushed to completion, and this will
Chesapeake & Ohio system, as will also the
Ohio at Cincinnati and the elevated road
the
grades
are al¬
direct line
Cincinnati is to be
form a part of the
bridge across the
at the same point.
Now'
a
[VOL XL\ I,
THE CHRONICLE,
The Chfsateake
& Ohio will then be a
prising 650 miles of
complete system, com¬
read* its Western termiDus in
Cincinnati
Newport
& Bir¬
$1,950.
cent equipment * bond guaranteed by the Kansas City Memphis
mingham Railroad Company, or $2,500 in securities at par for
PROPOSAL.
«nd its Eastern terminus on the Atlantic Ocean at
News.
By the new river line, the distance between
Cincinnati will be only 145 miles, while by the old route
220 miles; the grades are remarkably easy, not above
proposition is made:
For each fifty shares (or rights thereon) of stock of
Memphis & Birmingham Railroad Company the holder
on
$2,500
Ashland and
it is
13 feet
to the mile, against about 75 to 90 feet on the old route.
It is
stated that now an engine is able to haul only about 10 cars
an average, while under the new arrangement 40 to 60 cars
be hauled.
Under the plan of reorganization proposed the company will
Be relieved fiom numerous charges on floating deb% car trusts,
*&c., which have absorbed the income. There will be only
one mortgage and that covering the entire property (including
the line to Cincinnati and the bridge and approaches which
will cost altogether at out 9 million dollars).
The mortgage is
for 30 millions, c f which $6 429,000 will be reserved to retire
underlying bonds, and $5,000,000 will beheld in the company’s
^treasury for use as required. Of the remainder the syndicate
guarantee the sale of $5,371,000 at 90, and the assessments on
The following
the Kansas City
thereon may sub¬
scribe for:
$500 (live shares) K. C. Mem. & Bir. R.R. Co. stock at par....... $500
1,000 1st mortgage K. C. Mem. & Bir. R.R. Co. 5 per cent, bond
at 45 per cent
450
1,000 1st mortgage Equipment Co. G per cent gold bonds at par.. 1,000
can
offered to stock¬
and the subscrip¬
tion list and assignment of rights will close on February 25, 1888. at 3
o’clock P. M. Any part of the subscription not taken at that date will be
disposed of as the directors may determine.
[The balance of the circular relates only to dates of payment.]
and brief inKentucky Central.—The earnings, expenses
come account for 1887 were as follows:
Gross earnings
$2,300,000, making cash resources ade¬
quate for all estimated requirements.
Altogether, the plan seems to be thorough and effective.
The only charge on the reorganized property will be the inter¬
est on the debf, a>out $1,300,000 per annum. Mr. Huniington
assents to the plan, and has made important concessions him¬
self on a laige amount of s< curdies held by bim. He ateo relinqunb<s control for five years, for which period the voting
power will be lodged with Messrs. J. Pierpont Morgan, John
Crosby B own and George Bliss.
Full details of the plan will be found in the ^advertisement
on the 5th page of the Ciiromcle to-day.
Expenses
Not
1887.
1880.
$190,010
129,408
145,057
The income account
$74,054
5,700
$50,953
5,748
1
Taxes
Actual net
$68,354
$45,205
Net
$332,324
is thus stated:
$30,926
5,201
29,714
7.489
55,045
12,140
improvement
Miscellaneous expenses
Rentals..
Interest on Cov. & Lex.
“
firsts
bonds
241,480 382,057
“
$73,295
Surplus above charges
Lackawanna & Pittsburg.—A plan of
agreed upon and securities are being
Me.cantile Trust Company of New York.
reorganization has
deposited with the
The name will be
changed to Western New York & Southwestern, and new
securities issued as follows: $2,000,000 6 per cent 1st mort¬
gage 40 year gold bonds issued at rate of $12,500 a mile;
$1,200,000 6 per cent incomes, and stock not to exceed $30,000
mile. The old Ismortgage holders on either road will
be given 20 pfr cent in the new firsts, 37)^ per cent in new
incomes and 42]^ per cent in new stock.
L. & P. incomes
get 20 per cent in new stock and the preferred and common
stock 10 per cent in new common.
The Alleghany Central 2d
mortgage holders will be given 37L£ per cent in new incomes
and 42)5 Per cent
new stock. The extension fr< m Pt-rkinsville to Geneva, 46 miles, will be completed about July 1.
Minnesota & Northwestern.—The following is a statement
of the earnings and expenses of this railroad for the six months
ending 31st December, 1887 (partly estimated)—the average
been
a
junction restraining the company from purebasirg the Port mileage operated being 413 miles :
TIuron & Nrrthv extern R< ad, the ntrrow gauge line running
Cross earnings for six months
from Port Huron to East Saginaw, may be made permanent.
'The other case was the application of McC irmick and others, Operating expenses {December partially
common stor kholders, for an order compel ing the comp .ny
stock, for which ihey hold pro¬
Interest on
visional certificates.
Rail¬
West*
ohester County, i his company has filed a tiust mortgage to the
Atlantic Tru-t Company of this ci y to secure the sum of
^10,0(0,000, for which they have issued bonis to the amount
of the moitgage.
The bonds are made payable in 1933. The
xnomy ia;sed on this mortgage is to be used in comi leting a
biidge ovtr the Hudson River between Vtrplanck’s Point and
Suspension Bridge & New England
the
County
Register’s office at White Plains,
way.—In
Hudson River
other purposes.
Florida Central & Western.—At the foreclosure sale in
Jackosnvi le, Fla., the road was bid in by W. Ba}a;d Cutting
of New York frr the benefit of the reorganizing committee of
the Florida Railway & Nav. Co.
Kansas City Memphis & Birmingham.—The fonowing
circular has teen issued fiom the office of the Kansas Cny
Memphis & Birmirgham Railroad Company, 26 Seais building,
Buttermilk Falls and for
Boston :
To theStockholders : The Kansas
was opened for business in October,
$455,352
Equipment
Feb. 3, the
argued before
is that of
that the in¬
them $3,500,000 of
5SS,373
earnings in 1887, as above
Construction and
Flint & Pere Marquette.—At Detroit, Mich.,
Flint & Pr re Marquette Railway cases were
United States Circuit Judge Jackson. The first case
Parker and others common stockholders, asking
to issue to
012,110
Taxes
...
earnings
1886.
$920,097
Net earnings
Chicago & Northwestern.—In an editorial article on an¬
other page of the Chronicle some facts and figures are given
regarding the operations of th s company up to Dec. 31, 1887.
Cleveland & Canton.—The earnings for the first half of the
fiscal year (July 1 to Dec. 31) are reported
follows :
$200,402
1887.
$1,007,408
Operating expenses
stock will amount to
CIrossearnings.
$1,950
r-
Subscriptions will be received for blocks only, and is
holders of record February 11,1888, at 3 o’clock P. M.,
$1,001,456
095,301
$300,095
209,279
bonded debt for half year
$96,816
The earnings of the company during the six months were
limited to the capacity of its motive power and freight cars.
The company has since contracted for early delivery 1 000 box
cars and 30 locomotives, a^ d is about contracting for 100 addi¬
tional locomotiv* s and 3,000 more freight cars, to be delivered
Surplus
early in the summer.
New York Central & Hudson River.—The statement of
earningp, operating expenses, &c , for the quarter ending Dtc.
31, 1886 and 1887 is as below given:
1880.
1887.
Gross
(04-57%)
$3,502,500
1,957,200
$3,549,715
...
Profit
5,458,749
(00-51 %)
0,470,510
Operating expenses
E xpenses to learnings....
Net earnings
First charges
$9,021,250
$10,020,225
earnings
1,954,800
1*78% $1,594,355
894,283
1*80% $1,005,300
1’00 %
894,283
$700,572
$711,023
1-00%
Dividend
City Memphis A Birmingham road
1887. Its earnings have more than
estimated)
Surplus
St. Louis.—Albany dispatches give
(Nickel Plate) for the quarter ending
December 31 and for the full year 1887. Tlu principal fea¬
mines.
ture in these returns is the increase in gross earnings, as the
To provide the means for these extensions and their equipment, as well
expenses for improvements were made so large in 1887 that
as the additional equipment for the entire line, the directors have decided
the net earnings wt re reduced’below a normal figure. In the
to issue the entire amount of bonds authorized by the mortgage, viz.,
t£25,000 per mile, of which $000,000 remain in the treasury. An statement below for the quarter and the year, $200,000 for
(equipment company is also to be formed, called the
Birmingham interest on bonds from October 1 to December 31 are included
Equipment Company,” with power to issue bonds to the extent of
On the basis
$1,000,000. This company will convey the equipment purchased with in the charges of 1887, but no interest in 1886.
the proceeds of its bonds to the Kansas City Memphis <fc Birmingham
of $4,800,000 gross earnings, the road would earn $1,440,000
Itailroad Company, subject to the mortgage, upon the promise of the lat¬
net, if could it be operated no better than at 70 per cent of
ter company to guarantee the bonds, principal and interest; these bonds
the earniDge.
to bear interest at 6 per cent per annum, having fifteen years to run,
r-Qucir. end. Dec. 31.-^
Tear ending Dec 31 —,
and secured by mortgage upon the equipment, the principal and interest
1887.
1880.
1887.
1880.
•of the bonds to be payable in gold and guaranteed by tbe Kansas City
$1,415,981 $1,1-8,575 $4,792,352 $3,820,008
Memphis A Birmingham Railroad Company, the privilege being reserved Gross earnings
Operating expenses.. 1,020,235
of retiring the whole issue upon sixty days’notice at 105 and accrued
749,285 3,508,388 2,552,192
interest.
Net earnings......
$395,740
$439,290 $1,283,904 $1,274,416
The sale of $000,000 of these equipment bonds is regarded as a liberal
•equaled expectations, and already the need of additional equipment
Is apparent. Tbe directors have extended the road to two important
traffic centres—Aberdeen, a distance of 12 4 miles, and Bessemer, a dis¬
tance of 104 miles—and have also built branches to three important coal
allowance for present
needs and the immediate future.
to the stockholders of the
Railroad Company on the terms of
Tbe unissued bonds and stock will be offered
Kansas City Memphis A Birmingham
the original circular, viz., a bond of $1,000
New York Chicago &
the earnings of this road
Charges
Surplus
240,807
$148,879
$432,873
$950, a like amount of stock to he issued as before to the Kansas City
Railroads in New York
Springfield A Memphis Railroad Company. With the stock and bonds of
the railroad company will be offered the 0 per cent equipment bonds at
lowing roads for the quarter
par, so that each block of securities offered will consist of live shares of
filed at Albany as follows:
stock, one lirst mortgage 5 per cent bond of $1,000, and $1,000 0 per
and live shares of stock for
Cash on
hand Dec. 31.
93,510
$345,780
445,031
$838,333
405,009
$809,346
State.—The returns of the fol¬
ending December 31 have been
February 11,
Boston A Albany.
1887.
1886.
,
Gross
earnings
$2,404,327
Operating expenses. 1,556,315
Net earnings....
Charges
Surplus
THE
1683.]
1887.
$563,683
15,822
$548,334
12,926
$682,750
625,032
$547,861
$535,408
1887.
1886.
Operating expenses.
$569,129
417,711
$391,189
274,128
Net earnings....
Other income
$151,418
$120,061
25,193
Total net
Charges
320,966
25,000
$176,418
Surplus
$226,895
/—Brooklyn
1887.
128,125
$145,254
113,170
$48,293
$32,084
$175,919
107,804
Gross earnings
Operating
expenses.
Net earnings....
Other income
Total net
Charges
1886.
$1,955,807
924,180
$1,817,566
777,791
607
$1,031,627 $1,039,775
$1,031,627
551,249
Surplus
$480,378
St. Paul & Duluth.—The
ment
EPITOME.
Friday Night, Feb. 10, 1888.
$200,667
The weather has
again
become
quite wintry in northern and
Elevated.—,
middle latitudes, but is not severe
1886.
enough to offer any serious
$153,789 obstacles to
transportation,
or
otherwise
100,257
impede the progress
of business, and the volume of
trade is large for this
$1,039,775
525,497
$514,278
$144,627
following is
$53,532
$134,910
a
1886.
From operation of railroad
Paid interest on bonds
Net income from railroad.
Cash dividends paid within
year:—
7 per cent on
preferred stock
3 per cent on common
stock
sur.
1887.
$603,780
50,000
$492,880
50,000
$553/780
$442,880
$374,766
where the law is not in force,
The speculation in lard has been fitful and
uncertain
out the week, and the close is dull and
unsettled.
through¬
DAILY CLOSING PRICES OF LARI)
FUTURES.
Sa
aturd’if.
S'OO
7*99
8 03
February deliv’y..
March delivery....
April delivery
May delivery
.
$375,154
120,060
,.
June
delivery
July deliver:
Lard on the
$179,020'def.'$53,233
163,057
the season, some recent declines in
240
comparative state¬
of net
receipts of the St. Paul & Duluth RR. in 1886-87:
Balance
;
Income from lands and
stumpage
COMMERCIAL
334,741
stage of
prices in leading stapl s
having encouraged more liberal purchases, for home
$68,722
$53,772
consump¬
63,541
62,778 tion as well as for export.
Priace Bismarck's speech had a
decided effect upon speculative
$5,181 def. $9,006
values, of breadstuffs, and
^—vome Water. A Oqds
affected cotton and provisions to some
extent.
1887.
1886.
Congress stiU
$859,394
$782,243 progresses slowly with measures affecting the finances, trade
456,265
398,137 and manufactures of the
country. A strong effort is making
$403,129
$384,106 to procure the repeal or essential modification of
the Saturday
7,603
7,914 half
holiday, enacted by the Legislature of thisScate last
year.
$410,732
$392,020 The objection to it is that it
exposes the business of our cities
£66,105
257,110
to an unfavorable
competition from cities of other States.,
$68,115
-Del. L. A IF. I'sect Ifties.—^
1887.
Cotmujercial I'intcs.
1886.
$2,196,144
1,513,394
$848,012
715,057
201
/—New York Penn. A O.—^
.
$132,955
$57,718
^-Buffalo liocTi. A Pitts.—■.
Gross earnings
CHRONICLE.
541,925
Southern Paeiflc Company.—The
following is a compara
tive statement of the
earnings, expenses and fixed charges of
this company for
December, and from January 1 to Decem¬
ber 31. The total
mileage is 5,110, against 4,940 last year :
..
.
Mond'y Tacsd’y. Wednsd' y. Thursd'y.
7*98
8-02
7*! >8
8*00
8*08
8*05
8*10
8*15
8*14
8*19
7*98
7*9S
7*96
7*98
8*12
7*94
7*99
8*01
8*07
8*17
812
7*98
8*02
8*07
8*03
8*09
8*14
Friday
7*90
7*94
7*97
8*02
8*08
8*13
spot has mtt with a moderate export demand,
but the close is very quiet at 7,75c*. for
prime city, 8-05c. for
prime to choice Wtstern, 8c. for refined to the Continent
and 8*75c. for South America.
December.
Year.
Gross earmvfs—
Pork closes dull, and
1887.
1886.
1887.
barely steady; mess, $15@$15 50 ; extia
1886.
Pacific system'.
$2,402,977 $1,990,754 $27,055,799 $23,523,541
prime,
$13@$13
25,
and
clear, $16 25@$18 50. Cutmeats have
1,148,119
913,792 10,313,408
8,586,617 been
quiet,
but
closed
firm;
pickled belli* 8,7>}8'@7;,’4c,
Total gross
$3,551,096 $2,904,546 $37,369,205 $32,110,158
shoulders^
Alet
earnings—
6;J4(^6/gC.
and
hams,
9%@
10)qC.; smoked shoulders, 7;-4(a58c.
Pacific system
$769,680 $763,087 $11,999,236 $11,324,130 and hams
Atlantic system....
11(3) 1134c.
453,478
278,810
3,029,522
2,092,809
Beef in fair demand; extra
Total net
mess, $7@$7 50, and packet,.
$1,223,158 $1,041,897 $15,028,758 $13,110 9 15
Rental leased lines.
$3@$8
50
bbl.;
per
India
81,016
mess,
47,200
$15@$16
per tierce.
931,469
Beef hams
560,690
have been taken quite
freely at the West at $15 50@$16—
$1,307,174 $1,089,103 *15.960,227 $13,977,635
765,564 1,142,930 13,968,442
13,934,132 quoted here at $16 50@$17 p )r bbl. Tallow is cheaper and
dull at 5@5igC. Stearine is
Net profits
$541,610 d lf.$53,833 $1,991,785
quiet at 8?8@ SJ^c. Oleomarga¬
$43,503
Cons, and improvem’t.
324,571
157,780
1,268,128
560,856 rine is dearer at 6^c. Batter is dull at 21(a32c. for
creamery,
Balance
“$217,039 df$2T 1,013 ~ $723,657 df. $517,353 the outside
figure for Elgin fancy, Western extra
Includes iut., rentals, Cent. Pac.
selling at
guar., taxes and IT. S. dues.
29@30c. and extra firsts at 26@27c.
Cheese is steady, State
South Pennsylvania.—The
report is now given out that the factory, full
cream, 10V£@12}£cM and skims 4@10c,
troubles which have beset the South
Pennsylvania Road have
been settled. No official
Coffee
on the spot has been
statement has yet been
fairly active, the demand having
made, but
the general outline of this
plan as reported is as follows: The been more freely met, especially with mild grades.
To-daystockholders agree to an immediate assessment of 20
per cent, fair cargoes of Rio were quoted at 16c., with a sale of No. 6
which will amount to $3,000 000.
Already $7,000,000 has been 13>£c., and 4,000
spent, and when the $3,000,000 alluded to have been
b^gs Santos at 14*£c. The speculation in Rio
put into
the road, then ihe
company will is&ue $10,000,000 of 30-ytar 6 options has been at widely varying prices. To-day there was
per cent gold bonds. The Vanderbilts have
subscribed for some recovery in values, closing this afternoon with sellers as
$3,000,0(0 of the bonds, Andrew Carnegie takes
$600,000, «nd follows for delivery in 1838:
Messrs, Hcstetter and
v
,
m
*
Bigaley $600,000 each. The $13,000,000
which will thus be raised
by the assessment and the bonds
will be sufficient to
complete the road and equip it. One of
the results of this
agreement is that Mr. Bagaiey withdraws
the suits brought
by him. The ownership of a majority of the
stock is said to be with the
Vanderbilts’
gie, $2,000,000, and Messrs. Bigaley and $5,000,000, Mr. Carne¬
Hostetter, $3,100,000.
The reorganization commit1 ee
will consist of
contemplated
Messrp. Andrew Carnegie, B. F. Jones and David
Hcstetter,of
Pittsburg; G. F. Baer, of R ading (attorney for the
Railroad), and Francis Lynde Stetson, of New York Reading
(attorney
for the Vanderbilts).
Wabasli.—A press dispatch from St. Louis, Feb.
President O. D Ashley of the Wabash Wes era 8th, said
arrived
in this city this
morning and says that the reorganiz .tion
scheme is advancing well.
“I think,” he said, “that it
may
be stated that
$19,0(0,000 worth of bonds have been deposited.
by that, deposited and signed, so that there is no
question of the agreement of the owners with the
proposition
of the committee.
I
mean
Tnere are holders of others wh. have writ¬
ten to the committee
promising to deposit their bonds on cer¬
tain dates, but the bonds I
spea* of are already in hand. This
is $19,000,000 out of a total of
$28,600,000, so that you can
readily see that we have a large majority of the bonds. I
think that we have not
only a majority of the total, but also
a
majority of each issue.”
Western New York &
Pennsylvania—Buffalo New York
Philadelphia.—At Philadelphia, Feb. 9, 1888, a meeting of
the certificate holders of the Buffalo New
York& Philadelphia
Railroad Company was held. There was some
dissatisfaction,
&
owing to the delay in the delivery of the securities of the
reorganized company and after discussion the matter was dis¬
posed of by directing the Secretary to make ouc a list of the
stockholders by March 15,
andadjourning to the 27th of March*
February
.13-1 Oc. I June
12*20c.
.ll*80c.
ll*50c.
ll*30c.
October
11*20©
November
11* 15c.
April
December
ll*I5o.
May...
12*30o. | September
Raw sugar, at a further d dine and some
irregularity under
March
12*55o. | July
12* 15c. I August
forced sales, became
yesterday quite active, with sales of cen¬
trifugal, 96 deg. test, at3J4c. c. & f. To-day, however, there was
a fresh decline; fair refining Cuba was
quoted at 4 13 16c., and
standard centrifugal 5
716@5^c. R-fiaed sugars are dull at a
partial decline, closing unsettled. Molasses has declined to
21c. for 50 deg. test, with New Orleans
jobbing at 33@36c..
The tea sale on Wednesday went off at
steady prices.
Kentucky tobacco has been in good demand and sales for
the week are 500 hhds , of which 300 for
export at
for lugs and 7@ 12c. for leaf.
Business in seed leaf Has been
fair, amounting to 1,120 cases, as follows: 250 cases 1836
crop,.
Wiscjnsin Havana, 8@10c.; 200 cases 1881-35
crops, Pennsyl¬
vania, 9$ 14c.; 200 cases 1886 crop, Pennsylvania, 10@15c.;
120 cases D86 crop, State Havana,
10@145^c.; 100 cases 188(1
crop, New England Havana, 14@28c., and 150 cases 1836
crop,
Dutch, 93^@llc.; also 450 bales Hav. na, 6‘2c.@$l 10, and 250'
bales
Sumatra, $1 40@$1 90.
Spirits turpentine has been fairly active, but closes
40c.
Ro-ins
easier at
du’l, but tar at some decline is more active
at $1 85@1 90.
Crude petrob um certificates have been slug¬
gish in a~speculative way and close very dull, though
steady
at
are
90@90}^c.
Ingot copper his shown
some revival of
speculative interest,
but closes dull and lower at 16 40c. on the spot and 16 50c. for
June. Load has been active and prices advanced, but the
close is with free offerings and weak at 4*90c. for March and
April. Tin is easier, selling to-day at 33 10c. for April and
entirely nominal. A large movement is repo ted in steel
rails—about 300.000 tons having been placed for all 1888 de¬
livery at $31 50@ $32 at mill.
In addition to above
COTTON.
10, 1888.
Friday, P. M., Feb.
j
Galveston
Indianola, Ac.
2,010
574
273
6,017 10,024
7,025
5,602
3,197
43,278
015
40
154
470
3,421
253
253
1,084
2,700
872
8,626
2,700
5,543
454
454
1,876
j
..J 10,813
New Orleans
Mobile
!
Florida
J
972
1,170
1,494
Charleston
1,050
>
Royal, Ac
Wilmington
Wash’gton, Ac
......
......
......
Savannah
!
Brunsw’k.Ac. 1
2,082
1,666
1,444
......
......
1,051
716
508
1,286
856
......
Port
1,113
1,526
West Point, Ac
285
36
36
1,829
1,619
773
739
498
569
1,927
1,160
1,869
100
768
1,858
1,400
3,699
1,175
529
975
287
516
1,637
5,521
12,498
4,603
3,094
1,637
1
050
523
•
!
Baltimore
|
294
60
46
106
414
23
Philadelphia, Ac
217
486
New York
Boston
340
406
142
|
Norfolk
5,333
104
1,596
776
Total.
Fri.
Thurs.
Wed.
Tues.
Mon.
Sat.
,
1
t
i 16,762
Totals this week 18,630 ! 16,930 ! 20,679 ! 13,914 12,668
1
99,583
give the following table showing the week’s
the total since September 1, 1887, and the stock
to-night, and the same items for the corresponding periods of
last year.
•For comparison we
total receipts,
Receipts to
Stj). \
Week. ; 1, 1887. |
Galveston
5,333
...
This
I Since
Week.
!
Since
This
Feb. 10.
Ind’nola,Ac
1
Sep.
1, 1886.
8,451
606,664
On
Feb.
661,788'
Galveston
Norfolk
New York
Other ports
18,767
6,200
4,900
4,500
1,383
9,000
3,200
12,000
Total 1888......
59,950
Total 1887
Total 1886
New Orleans....
Mobile
Charleston
Savannah
Shipboard, not cleared—for
| Francc-
Coast- ;
Other
Foreign
3,591
21,949
None.
None.
wise,
Stock.
101(11•
307,788
33,079
27,168
54,528
21,281
25,919
251,009
68,483
52,819
8,512 j
1
3.200
4.200
2,500
Leaving
T0iai
j
None.
400
6,000
None.
None.
None.
None.
York,
by Messrs. Carey, Yale
6,200
11,300
18,500
8,559
None.
10,800
2,976
2,000
4,700
3,000
4,241
51,425
18,812
| 134,428
789,255
73,274 20,880
78,611 .23,020
50,558
15,860
16,723
1 160,572
| 185,624
730,923
859,138
650
:
13,500
8,550
Noiie. !
None, j
67,270
15,000
delivery at this market
sharply-declining prices for the first half of the week
under review
The movement of the crop, not only at the
ports but at interior towns, somewhat exceeded estimates,
giving fresh support to long crop figures, and there was con¬
siderable realizing by parties who were “long” of the mar¬
ket. Few, however, had the courage to “go short,” except
against cotton already in hand ; and on Wednesday the mar¬
ket took a strong upward turn, which was continued on Thurs¬
day. The “shorts” covered their contracts very freely, and
bulls began again to operate with some degree of confidence.
at
was
The
of
!
!
use
speculation in cotton for future
The
69,838
29,840
10, AT—
Britain.
1887.
1888.
add similar figures for New
which are prepared for our special
& Lambert, 24 Beaver Street.
Stock.
1886-87.
18S7-88.
exports, our telegrams to-night also give
of cotton on shipboard, not cleared,
the following amounts
at the ports named.
We
us
,^The Movement of the Crop, as indicated by our telegrams
from the South to-night, is given below.
For the week ending
this evening (Feb. 10), the total receipts have reached 99,583
bales, against 98,668 bales last week, 90,130 bales the previous
week and 105,403 bales three weeks since, making the total
receipts since the 1st of September, 1887, 4,682,736 bales, against
4,594,639 bales for the same period of 1886-7, showing an in¬
crease since September 1, 1887, of 88,097 bales.
Receipts at—
[VOL. XLVI,
CHRONICLE.
THE
202
name
of
a
purpose
a
leading operator was coupled with the assertion
to “corner” contracts for March. The more
peaceful advices from Berlin were also an element of strength*
and it is believed that German homes were buyers.
A cable
that Ellison estimates that the supply of cotton would be
short, even with an American crop of 6,800,000 bales, which
was reported late on Thursday afternoon, gave fresh impulse
to the bujing, which had begun to drag.
To-day the market
was very unsettled, closing at some di clire.
Cotton on the
spot declined 1 16th on Tuesday, and advanced l-16th on
Thursday. Stocks in this market begin to show some accu-
39,831 1,460,688 360,607 357,400
39,279
24,716
194,734
3,969
381
21,494
253
22,297
Florida
69,116
73,028
735,183
9,745
Savannah
8,626 794,261
60
25,401
64,108
Bruns w., Ac
2,700
malatioD, but are well held. To day
was
21,885 at
38,468
360,264
4,200
366,066
5,543
Charleston
10%c.
for
middling
uplands.
509
542
485
15,463
12,469
Tire total sales for forward delivery for the week are
454
P. Royal, Ac
3,758
14,422
128,778
1,043
bales.
For immediate delivery the total sales foot up
163,641
1,876
Wilmington
13
3,701
36
4,612
1,006 bales, including 50 for
Wash’t’n.Ae
39,419
30,402
for speculation and — in transit.
479,991
412,627 13,427
—
Norfolk
5,521
10,697 were to arrive.
5,090
286,861
The following are the official
9,328
W. Point, Ac
12,498 437,261
73,645 259,559 255,192 each day of the past week—Feb. 4 to
2,878
54,041
4,663
New York....
19,000
10,000
69,548
6,299
59,924
Boston
3,094
Sat. Mon. Tues Wed
UPLANDS.
j Tli. FrI.
18,479
18,861
49,821
5,766
24,164
Baltimore
1,637
7%
73i
73*
7iii6
ft
7H]6
7%
19,470
25,601
27,279
2,378
Ordinary
650
21,541
Phil’del’a, Ac
8*4 j 814
8-qg
814
...!
8*4
!
8’ha
j
Strict Ordinary
93,
910
| 93iS
891,495 Good Ordinary
-,! 94s O-V
9i8
Totals
99,583 4,682,736 108,257 4,594,639! 923,683
95s
9iii6 9i*iG
!
91I16
950
9ii16
Strict G- od Ordinary.
Note.—Corrections of receipts since Sept. 1 as follows, viz.: Added to
1010
10116 ! lOiie lOi© 1IO1©
lO*©
Low Middling
Brunswick, 7,302 bales; deducted from Charleston, 7,326 bales, and Strict Low Middling ..
10716 10~i(j 1030 ! 1030 jlO^io !l0716
from New Orleans, 450 bales.
lO5^ llO^s |109i6 10»16 T05s (105s
Middling
1O70 |101316 101316 107© : 107©
107©
In order that comparison may be made with other years, we
Good Middling
lUie ! HBb 1110 Hlg
II1© H4s
Strict Good Middling..
43,2/8:1,447,568
New Orleans.
Mobile
3,421
191,492
...
quiet
the market
..
685,400
this week
.
export, 956 for consumption,
Of the above bales
quotations for
Feb. 10.
—
...
,
...
...
...
...
...
leading ports for six seasons.
give below the totals at
Receipts at
1
1888.
—
*887.
5,333;
New Orleans.
39,831)
Chariest’n, Ac
43,278;
3,4211
8,626
5,997;
Wilm’gt’n, Ac
1,912
1,056!
13,427;
Mobile
Savannah
...
5,521*
12,498
12,997
Norfolk
W’t Point,
Ac
All others....
9.745
4,685
9,328!
4,970
17,7621
7,045
•4682,736
1594,639'
3,676
5,89?;
7,095
7,093
554!
1,338
10,526
5,887
25,040
7,532
2,063)
-
8,528
68,621
105,792
1883.
6,743
38,967
4,338
5,989
26,622
9,598
99,583: 108,257
Tot. this week
Since Sept. 1
3,969
1884.
|
6,654|
12,400
40,315
7,996
13,902
8,389
1,177
8,454
Galvest’n, Ac
1885.
1886.
[
...
105,921
16,352
13,217
5,489
19,619
6,668
1-1,707
F<b.
Exported to—
Mi. k Fluting
Galveston ....
New Orleans..
l ranee
From Sept.
10.
u.rv.ti
Total
nent.
Week.
10,511
i»,306
4,899
43.508
France
1
1
4.021!
223,970
483,540 218,548!
Conti¬
nent.
76,132
289,504
8,441
Savannah*
....
Charleston
....
Wilmington
12,044
4,905
12,044
4/0
62 849
68,377
12,480
214,322
25,839)
154 316
6,395
194,081
....
West Point,Ac
934
7,8 >
Boston
—
Phlladelp’a’&c
2.232
2,049 80,750
175,105
319.S.47
7,838
124 474
2,282
68,919
1,810
36, no;
8,4-0
8.t *r>
27.1 ir>
New York
......
1,340
Total
M),0tjl
17,447
Total ins#-?.
vl.on 7
4 -’M
Includes exports 110111
175,395
..
Norfolk
*
Great
Frit a in.
55,106
Florida
Baltimore
1, 1887, to Feb. 10, 1888
Exported to —
Conti¬
1,31 l
8 5-5
Low
Middling
37,635
3,975
Total.
304,126
11
?,407
196,657
153.47 i
176,227
49 5,610
23,719
....
1.910
120,4 0
1,805
.1
24,601
3.7* 0
95,388
40,327
18.094 116,032 1,090.287 29 >.840
958,830 8,215 963
2.003,221 423,372
811.419 3.238,012
'?< 3 M 11 t 802
Brunswick.
94
934
94
934
83©
9°ig
913,0
0°16
10H
103,0 104
10b}
109,0 IOOjq
1034°
1011,0 1034
11
1015,0 11
11H
113,0 114
1158
1 19,0 11 4
104
1011,0
1 015l6
113,0
11^16
124c 123,0 124
124
Wed
1 Mon Tues
711,6
7 s©
83©
8->,g
! 95,0 9a, 0
i 10316 lO/ho
Middling..
Middling
778
83©
1 Ob}
11 *8
7 < l 16
718
103,0
124
i 83©
Fri.
109,6
114
Sat
8»jg
Tli.
104
U5©
FrI.
Tli.
7 f©
711,6
711,6
83©
94
8/3©
9°,6
85,0
94
124
95,0
_10_i©_ 10316 1050
101©
MARKET AND SALES.
during the
the con¬
which shows at a
The total sales and future deliveries each day
wreek are indicated in the following statement.
For
venience of the reader we also add a column
glance how the
market closed on same days.
SALES OF SPOT AND
SI’OT MARKET
j
CLOSED.
TRANSIT.
! Con- Spec- Tran])ort. sump uTTn sit.
Ex-
1
Quiet
fiat
Mon
Easy
Tues. Quiet
Wed
Firm
Tlmrs Quiet
Fri
Quiet
.
Ti 1,0dec..
.
1,0;;2
94 6
9 *4 6
114
994,592
55,106
3,44't
402,197
243,004
9510
9'316
11
Low
Wed
713.0
11
11*2
1218
!1716 1112
12lie 1210
713, 0
8°io
103i
$ lb
j
77©
83©
Good Middling
Strict Go >d Middling
Good Ordinary
Strict Good Ordinary
!i2ilG
Mon Tues
Middling
Middling Fair
11" 16
ll^
12i0
83©
7 7©
104
Middling
Strict Low
STAINED.
’
Great
Good Ordinary
Strict- Good Ordinary
1311,456 4285,398' 4198,718 4631,945
exports for the week ending this evening reach a tota1
of 116,002 bales, of which 80,361 were to Great Britain, 17,447
to France and 18.194 to the rest of the Continent.
Below are
the exports for the week and since September 1, 1887.
Rrit'ii.
$ ft
Ordinary
Strict Ordinary
116,130
The
Exports
from—
Sat.
GULF.
i
l
...
Fair
17,400
46,250
6,428
1112
...11210
Middling Fair
at i1Gadv..
....!
78
....;
190
169
50
....!' 184
.....
....
..
50
Total
The
138
197 t
956
|
,
>.
FUTURES.
following comprehensive
table:
! Delivcries.
,
.Total, j Sales,
....
-
f8 61,900
190 106,300
219 120,200
....
....
....
....
.....
....!
....!»
....'!
197121,100
-
....j
1,006 685.400
...
184 146,100
-.138 126,800
above are actually delivered
which they are reported.
Sales and Prices of Futures are shown
daily deliveries given
revious to that on
The
....'•
-
the day
by the
February 11, 1888,]
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^
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Mm^M
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to
following exchanges have
•28 pd. to exch. 500 Feb. for
June.
•12 pd. to exoh. 100 Mar. for
•19 pd. to exch. 1,500 Mar. for May.
June.
•18 pd. to exoh. 500 Mar. for
June.
•14 pd. to exch. 100
Apr. for June.
•30 pd. to exch. 500 Feb. for
Aug.
been made
*12
*13
*43
*16
-05
179,000
27,000
198,000
11,000
157,000
128.800
100,500
57,800
128,000
90,000
47,000
471,800
183,000
34,000
w
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CO
Ox
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526,500
389,800
452,700
2,737,087 2,626,190 2,453,019
5 t>d.
10 s^o.
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^
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w
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to
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during the
week
pd. to exch. 100 Mar. for
Aug.
pd. to exoh. 100 May for Aug.
pd. to exch. 500 Dec. for Sept,
pd. to exoh. 500 April ror
July,
pd. to exoh. 1,800 Feb. for Mar.
*50 pd. to exch. 100
Sept, for Aug.
returns,
yx
M
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©
M
©
M
MMCOMyxWM
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to
m c © v to © yx
tO © M M © © tO
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© yx © 01 © © m
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©
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X©©CtO©t0^1^1©©tOM©©M©tOX
«W©©©M-4^Jt0Xt0W©Xt0©X©M
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©©<10
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W©J0
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tow
&
X
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M
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W
X
©
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© © yx x © to yx
CD
»4©yxMtOMtO
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to
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w
© to X yx
MW©tOWtOMM
M
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g
bx
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to
to
yx M O M M
;
©
VI
M
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yx
X X © M QD X*
w
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VCMW©:
ro
•
w
X C M ©
tOW
MMMM
M M M O' M tO M -.]
Q0'l'ia©'Mit0C©®
MtOX-4tO©«4MM®MVlW©W©W«'4yx
MV
to©
M yx M © M X
m
©©
w
©
*e
MM-I©XM©W
cr
M
$
06®
©
M
M
VWMXMtOM
©©©©tO OO*
M
M
M
Ox©M©tOXX©©XW©«"IMMMOx©M
MO»MM©^4©M©VIXW©M©©OiMOX
W
to
M
©W©OX©OxWMO»©^4 0x-JM©^IX-J
w
©
X
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MW
<!©©<©WM©
to
©
©
©
X
©
M
to
W<1W©00
M
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to
yx
X
<Ijvl
^
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w
■©
©
w
:
81,000
16,000
28,000
o®
m,
•
©
©
214,000
38,000
103,700
19,000
co
9 1
© ©
13,300
MfrSoofsJliWfcB.oE*
$? fjr Hg
-"a,/
?
a
•
to
The Visible Supply of Cotton
to-night, as made up by cable
and telegraph, is as follows.
The Continental
stocks, as well as
those for Great Britain and
the afloat are this week’s
w
•
■vj
©
M
a
374,700
®
*0Q
W
00*
9
290,800
5,000
l.t-|T|S31S’SS,?5’i:=-B55o52
M
to
©
©
360,500
S®Qwt»owQ<j$haoas3pgap>
phro s-’ c £.K'Ef» e »
2.o S?
fr
w
►
•Includes sales In Beptember.
1887, lor September, 258,200;
iember-October, for October, 570,200;
Ser8eptember-November, for Noyember, 481,600;
September-December,
for December,
1,027,400; Sep¬
tember-January, for January, 2,256,600.
Kj(P~ We Have included in tbe above
table, and shall continue eact
■week to give, the
average price of futures eaoh
will be found under each
day for each month. It
day following the abbreviation “ Aver
” The
average for each month for the week is
also given at bottom of table.
Transferable
Orders—Saturday, 10-55c.; Monday, 10 50c.;
10*45o.; Wednesday, 10 55c.;
Tuesday,
Thursday, 10‘65c.; Friday, 10 60c.
The
;
8
H
o
®.p ®
2 HI
®
obob©x
2 m2
ifSaif?
o
1 S m:
©©
314,800
46,362 bales as compared with the corres¬
of 1886 and an increase of
63,909 bales as
date
H
©
©
©©
§
<
©©©©
00©
to
®
to to
©6©©
MW
8,000
4,000
3,263,587 3,015,990 2,905,719
S^d.
415^ (!d.
6d
O^jc.
91igcHie©;
into Continental ports this week have been
imports
BW ft-1 haw si
O
%
66
ti
to
h»
OO
®
©©©©
9 9
g £
E §
I ^m!
M m
©©©9
I $m;
©©©©
%
o
%
cbob
b
M
09
MM© M
4,000
3,000
At the Interior Towns the
movement—that is the receipts
for the week and since
Sept. 1, the shipments for the week,
and the stocks
to-night, and the same items for the corres¬
ponding period of 1886-87—is set out in detail in the
following
statement.
Qq
w
ri
CO
©©0©
<
b
®
^
99
MM
«
10 M
1 ar:
© ©©
a©
X CD
X
ip.
%
®
to
1 § m;
MM
9©
a
®
©
M
I
!J
®
to
t>
©©
a©
1
** P-
%
37,000
compared with 1885.
S
©©©9
obob©ob
®
©6
©«o©
a© ©
>s
WW
®
©©
©
*■*
W M
◄
*<1
©©O
®
W to
®
o©
a
©to
© ©
O
CO
►
I
to
obob
©©0©
co©©©
moo
©©
©_
-vl ©
© ©
©
cc©
©to
a©
©©©©
to to
M
^
a©
I ^w:
©o©6
©
to to
®
^
©©©©
to
*1
I $-!
%
MMmM
%
X
t>
MMqqM
©©
© M
m
© co
◄
to
a#»
2
^
®
©^
:
w
MM
©©
web
<
cr 00
MMtOM
to
48.000
4,000
2 ,969,628
ponding
1
a M
9©©9
◄
O
©
99
<job©cc
®
©©©9
m
to
!>
O©
wwc
MM
®
00©
to to
9929
9©
©©O©
rfk.
Mm
>
©©
m
«s|
MM© M
4
i s>m:
MMMM
<1
©
MM
©©
I s
obx©ob
vJ*U4
^1§'?
I
1
0q
9909
4
-j-4
®
600
1,100
212,000
5,000
47,000
7,000
The above figures indicate a
decrease in the cotton in
sight
to-night of 293,959 bales as compared with the same
date of
1887, a decrease of
b
MMmM
I ^©:
QD
Wto
MM(j>M
9 9© 9
w
%
©©
400
247,000
Total visible supply
38,000 bales.
MM
M M
©9
©©
MM
I ®
MM
obob©«q
t>
:
r>
-vJO
Wto
®
1^
*4 0D©ob
© w
©
^
w
c©
M
®
fa^)a:^
I ^w:
MM O M
99©9
300
1,200
182,000
2,000
2 ,497,828
The
5
<
ob<i
MM
®
MM
^
35,600
29,000
.2, ,497,828 2,737,087 2,626,190
2,453,019
Price Mid. Upl., Liverpool
Price Mid. Upl.. New York
§
©9
M to
itk 1^ l_l
© ‘
hf
®
Ifk©
MMffiM
a
M
1-
%
**
MM
I 3>m:
©x©ob
mm
o©
0C<|
®
M
c©
•vi-j
©©
©©
©90©
®
a
coco
®
24,700
32,000
1,^00
159.000
5,000
41,000
11,000
4,000
Total East India, Ac
Total American
b
00
v4QC°-4
-vJ
939,000
7,200
46,800
43,000
4,000
2,969,628 3,263,587 3,015,990
Egypt, Brazil, Ac., afloat
o
I d®:
Wm
>
◄
%
4
^
I $ao:
mmVjM
OD
©
MM
ao<*3
M M © M
<1©
<1<J©-1
mm
M
<1 <>
©O©©
MM
*v>
M M rX
>
9909
99
s
4
®
^
mmmM
CO
99©9
CD CC
©00
^
4
MM
®
CO M
>
W
©©
©
!<
®
M
©<l(
B
M© M
I
t0W(O4
I S to:
I
MMqM
©©o©
©
®
©
1-
<
®
8©
I
©6b©ob
lUtOM^
©a
©M
©to
00©
ce<j
©M
OC, CO
to a
8
O©
<
©
MM
>
<
99
©6
So
©
®
©©
Moo M
t>
99
M
CC©
MM
9©9
tew
I
M
oc 00
©00
I
©
0©09
I
MM
SOI
M
—
w
© ©
00
© -0
2
I ©«:
M
rri
©©w
©
649,000
3,300
300
900
Total American
East Indian, Brazil, Ac.—
Liverpool stock
London stock
Continental stocks
India afloat for Europe
b
M©M*<
©©©9
>
GO
mm«m
©©
QD©
-"l
99©°
O M
^©
ooab©ab
99
^
©<1
©
M M
o*
© ©
®
MM
©
1-CO M
C © o©
*0-1
I
923,000
*
%
©O©©
7i ©
©-lw<l
I ^©:
M
t>
M M 00 M
to©
?
©
M M
<J M
MM
®
©©
©909
©
00
QCOOto"*
I
MM OM
CO
tow
mm
% 99
via
©©
Itfc
w w
|r
HCO
o»
>
nc»i ®
©Xto^
O©
©©
©
©
o©
► J »—
M
©o
©01^-^
I
M©
o'j©^©
<
®
© ©
MMtO^
M M
—
©
MM
9000
<j^i°©
oooo©*q
MM
9009
1I
M
©©o©
CO *—
M
“2
M*k M
©
©
867,000
1885.
2,905,719
above, the totals of Amerioan and other
descriptions are as follows:
American—
Liverpool stock
bales 661,000
714,000
473,000
687,000
Continental stocks
186,000
260,000
233,000
271,000
American afloat for Europe... 383,000
534,000
441,000
Jnited States stock
405,000
923,683
891,495 1,044,702
836,602
United States interior stocks..
333,472
300,323
423,134
240,117
United States exports to-day.. .
10,673
37,269
11,294
®
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901,000
38,000
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1880.
630,000
19,000
1,181,800 1,283,500
939,800 1,313,700
India cot ton afloat for
Europe.
90,000
183,000
128,000
Amer. cott’n afloat for
81,000
Eur’pe. 3S3,000
534,000
441,000
405,000
Egypt,Brazil,&c.,aflt for E’r’pe 47,000
34,000
28,000
3tock in United States ports..
16,000
923,683
891,495 1,044,762
Stock in U. 8. interior towns..
836,602
333,472
300,323
423,134
240,117
United States exports
to-day.
10,673
37,269
11,294
13,300
>■
99
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1887.
912,000
11,000
to-
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1888.
840,000
27,000
4,300
43,300
26,000
Total Continental stocks
1
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Hamburg
Stock at Bremeu
Stock at Amsterdam
8tock at Rotterdam
Stock at Antwerp
Stock at Havre
Stock at Marseilles
Stock at Barcelona
Stock at Genoa
Stock at Trieste
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all the European figures are brought down
evening. But to make the totals the complete
figures for to-night (Feb. 10), we add the item of
exports from
the United States,
including in it the exports of Friday only.
2
OD © ®
CO
2 £mv S' mx®
*
t<3
5E®.
•
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0‘S-"
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fgll
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—-® t» «
s$-*a
S"
SC
.
and consequently
to Thursday
?§g|
_
oS-mJ
® ® ® a
a.
2.0 ®
S*® ® pb
P ® - eo
JQ_ r+S
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onjopa.
®
203
1
ton
THE CHRONICLE
2
X45’3
ST
M
M
tox
MM
©
MWto©;
to
vj ox m w 0* x ©
i0M©©©X©VM* O'WOx m© toto ©
towxxvtowvw! ©V©VWW©X
©wyxwyxvjMCJtoM.
•The figures for Louisville in both
years
y©©MV®xox
are “net”
The above totals show that the old
interior stocks have
decreased during the week 10,053 bales and are
to-night 33.149
bales more than at the same
period last
year.
The receipts at
THE CHRONICLE.
204
[Vol. xuvi,
ninety-nine hundredths of an inch. In con¬
thaw
of
the
and rain roads are almost impassable,
at all the
making
traffic
with
localities
off of the line of railroads almost
in 1886-7.
nothing. Average thermometer 42, highest 55 and lowest 26.
Quotations for Middling Cotton at Other Markets.—
Helena, Arkansas.—Rain has fallen oi six days of the
In the table below we give the closing quotations of middling week and is
falling now. The precipitation reached one inch
cotton at Southern and other principal cotton markets for each and eleven hundredths.
It is tco wet for farming operations.
day of the past week.
The thermometer has averaged 42, the highest being 54 and
"$he same towns have been 7,637 bales less than
week last year, and since September 1 the receipts
towns are 92,773 bales more than for the same time
the same
rainfall reached
sequence
the lowest 30.
'■Week
Feb. 10.
...
Savannah
^Charleston
..
’Wilmington
’Norfolk
Boston
Baltimore
.
...
St. Louis
Cincinnati
JLouisville
9i3ie
9i316
01**16
0U1G
97y
978
1018
10
10
10
lO'U
10 hi
10%
Philadelphia
Augusta
Memphis
97y
...
Fri.
97s
91316
91-3,6
91310
978
91316
978
91*16
91o16
10
10%
10h3
1034
978
10 34
10
10
101,6
lOLj
10%
103*
97y
934
978
978
934
934
978
978
91316
9131C
1034
loh.
1034
97y
934
10^8
101*2
1034
10*8
10h2
10
10
1
10
10
10
10
Nashville, Tennessee.—We have had rain on
<)ly
10
Receipts from the Plantations. — The following table
indicates the actual movement each week from the planta¬
tions.
The figures do not include overland receipts nor
^Southern consumption : they are simply a statement of the
"weekly movement from the plantations of that part of the crop
■which finally reaches the market through the outports.
Ending—
Jan.
13.
“
20.
“
27.
Feb.
“
188*-8G,' 1880-87
Interior
Towns)Rec'pts from Plant'ns.
j
;
;
T
1887-88,1885-80,1S8G-8?11837-8S) 1885-80 (188G-87| 1887-88
140,829'159,044 159.308 520,501 '423,252'401.804j!23,833'138,731 127,229
0.
“
^SVk
at
|
Receipts at the Ports.
Week
.
'l08,4881142,915
•
'134,804,132,.'
1122,418 130.753 ,
3.
105,792 108.257!
10.
145,741 513,993 389,745 437,202
110,310* 155.884'105,403
4V3.250 3 0,428
423,832'
95,92o'lG9.4' 8.121,139
89,507 132,507! 92,033
117,4641 64,310
98,008 409,O13|33«,012 379.55G 115,089 110,004,' 80,212
99,583 454.110'332.798 3^8 663 90,895 104,443' 88,69
90,130 476,342 351,301 398,012 117,8^0
•
0
The above statement shows—1. That
the total receipts from
1887, are 5,027,569 bales;
plantations since September 1,
in 1886-7 were 4,879,377 bales ; in 1885-6 were 4,779,722 bales.
2.—That, although the receipts at the outports the past week
were 99,583
bales, the actual movement from plantations was
only 88 600 bales, ilie balance being taken fiom the stocks at
Last year the receipts from the plantations
the interior towns.
for the same week were 104,413 bales and for 1886 they were
90,895 bales.
Amount of Cotton in Sight Fed. 10.—In the table below
we give the receipts from plantations in another form, and add
to them the net overland movement to Feb. 1, and also the
takings by Southern spinners to the same date, so as to give
substantially the amount of cotton now in sight..
the
■
1880-87.
1887-88.
! 1885-80. j 1884-85.
Beceipts at the ports to Feb. 10 4.032,730 4,594,039 4,311,450 4,285,398
Interior stocks on Feb. 10 in
excess of September 1
Tot. receipts from plantat’ns
Net overland to Feb. 1
Southern eonsumpt’n to
Total in sight
Northern
Feb. 10
Feb. 1
284,738* 438,206*
344,833
238,830
5,027,569 4,879,377 4,779,722 4,524,228
583,220
191,000
792,413
240,000
559,199
442,478
104,000,
144,000
0,059,982 5.G50,597 5,502,921 5,110,700
Feb. 10
spinners' takings to
i
i’
1,379,212 1,184,302 1,239,070
1
five days of
the week, the rainfall reaching one inch and sixty-four hun¬
dredths.
The thermometer has raDged from 21 to 52, aver¬
10 ly
10
10*y
10
Memphis, Tennessee.—We have had rain on five days of
the week, the rainfall leaching one inch and fi ty-six hun¬
dredths. The thermometer has averaged 41, ranging from 28
to 54.
913,6
913,6
9 !3,6
913,6
913,6
10 Is
10
91516
078
10
Thurs.
10i8
10
10
10
Wednes.
9iBie
91316
10
10
0 3.4
013i,j
07s
..
Tues.
10
10
...
QUOTATIONS FOR MIDDLING COTTON ON—
Mon.
Satur.
•Galveston
.New Orleans.
Mobile
:
CLOSING
ending
993,877
It will be seen by the above that the increase in amount in sight to¬
night, as compared with last year, is 4013,385 bale0, the increase as
-compared with 1885-0 is 557,001 bales and the increase over 1884-5
aging 39.
Mobile, Alabama.—It has been showery on two days of
the week, and has rained* severely on one day, the rainfall
reaching one inch and forty-six hundredths. Average ther¬
mometer 57, highest 70, lowest 47.
Auburn, Alabama.—Telegram not received. Last week
there was no rain. The thermometer ranged from 29 to 80
and averaged 51.
Montgomery, Alabama.—It has rained lightly on four days
of the week, the rainfall reaching fifteen hundredths of an
inch. The thermometer has averaged 54, the highest being
65 and the lowest 40.
Selma, Alabama.—Rain has fallen on three days of the
week to the extent of one inch and seventy hundredths. The
thermometer has averaged 53, ranging from 44 to 62.
Madison, Florida.—It has rained on one day of the week,
the rainfall reaching fifty-five hundredths of an inch. Aver¬
thermometer 54, highest 72, lowest 47.
Macon, Georgia.—There have been showers on four days of
age
the week.
Columbus, Georgia.—We have had rain on one day of the
week, the rainfall reaching fourteen hundredths of an inch.
The thermometer has averaged 52, the highest being 60 and
the lowest 47.
Savannah, Georgia— Rain has fallen on three days of the
week, very lightly on two, the rainfall re idling forty hun¬
dredths of an inch.
The thermometer has averaged 57, rang¬
ing from 45 to 71,
Augusta, Georgia.—The weather has been cloudy with
light rain on four days of the week. The rainfall reached
eighty-six hundredths of an inch. Receipts continue good
for ihe season.
The thermometer has ranged from 36 to 69,
averaging 53.
Albany, Georgia.—Light rain has fallen on four days of the
week, the rainfall reaching fifty-five hundredths of an inch.
The thermometer has
the lowf at 50.
dition.
days
hundredths of an
ranging from 44
Charleston, South Carolina.—Rain has fallen on two
of the week, the rainfa'l reaching forty-five
inch.
The thermometer has averaged 57,
to 71.
Staleburg, South Carolina.—We have had rain on four
days of the week, the rainfall reaching thirty-two hundredths
of an inch.
The thermometer has ranged from 38*5 to 68,
averaging 52.
Wilson, North Carolina.—There has been rain on three
days of the week, the rainfall reaching sixty-eight hundredths
of an inch.
The thermometer has averaged 50, the highest
being 63 and the lowest 30.
India Cotton Movement from all Ports.—The receipts
and shipments of cotton at Bombay have been as follows for
the week and year,
bringing the figures down to Feb. 9,
BOMBAY RECEIPTS AND SHIPMENTS
is 910.270 bales.
Weather Reports bv Telegraph.—Reports to us by
telegraph to-night denote that the weather has in general b en
laiily favorable during the week, but that in parts of the
western section of the cotton belt the roads are in bad con¬
averaged 56, the highest being 67 and
Shipments this week.
Year Great Conti¬
Brit'tu nent.
1888
Total.
2,000 13,000 15,000
1887 10,000 23,000 33,000
1880 13,000 9,000 22,000
1885 5,000 10,000 15,000
FOR FOUR YEARS.
Shipments Since Jan. 1.
Great
Britain
20,000
Conti¬
nent.
Total.
74,000
28,000 105,000
Receipts.
This
Week.
94,000 41,000
333,000 30,000
110,000 34.000
Since
Jan. 1.
194,000
245,000
212,000
30,000 80,000
Galveston, Texas.—We have had rain on three days of the
138,000
81.000 27,000
20.000 61.000
week, the rainfall reaching ninety-six hundredths of an inch.
Average thermometer 60, highest 72, lowest 48,,
According to the foregoing, Bombay appears to show an
Palestine, Texas.—There has been ram on three days of
the week, the rainfall reaching thirty hundredths of an inch. increase compared with last year in the week’s receipts
of 5,000 bales and a decrease in shipments of 18,000 bales, and
The thermometer has averaged 52, the highest being 60 and
the shipments since Jan. 1 show a decrease of 39,000 bales.
the lowest 10.
The movement at Calcutta, Madras and other India ports for
San Antonio, Texas.—Rain has fallen on three days of the
"week to the extent of ninety-six hundredths of an inch.
The the last reported week and since the 1st of January, for two
years, has been as follows.
“Other ports” cover Ceylon,
thermometer has ranged from 48 to 74, averaging 61.
New Orleans, Louisiana.—It has rained on three days of Tuticorin, Kurrachee and Coconada.
the week, the rainfall reaching one inch and sixty-four hun¬
Shipments since January 1.
Shipments for the week.
dredths. The thermometer has averaged 61.
Great
Conti¬
Great
Total.
Continent.
Shreveport, Louisiana.—Rainfall for the week eighty-three
Total.
Britain.
nent.
Britain.
hundredths of an inch.
Average thermometer 51, highest 75,
lowest 41.
Columbus, Mississippi.—It has rained on five days of the
■week, the lainfall reaching one inch and nineteen hundredths.
Toe thermometer has
the lowest 38.
averaged 50, the highest being 60 and
Leland, Mississippi.—Rainfall for the week fifteen hun¬
an inch.
Average thermometer 49'3, highest 69,
dredths of
lowest 37.
Greenville, Mississippi.—Telegram not
received
Little Heck, Arkansas.—The weather has been more or
less cloudy during the week with rain on three days. The
\
Calcutta1888
1887
Madras1888
1887
All others—
1888
1887
2,000
1,000
2,000
2,000
1,000
2,000
......
1887.'
1,000
3,000
2,000
2,000
9,000
4,000
9,000
4,000
13,000
13,000
22.000
10,000
8.000
31.000
■
4.000
2,000
2,000
2,000
10,000
10,000
10,000
12,000
Total all1888
0,000
3,000
4,000
0,000
4.000
|1
23.000
4,000
3,000
2,000
32,000
February 11,
THE CHRONICLE
1^8.]
The above totals for the week show that the movement from
the ports other than
Bombay is 2,000 bales more than the same
week last year.
For the whole of India, therefore, the total
shipments since January 1, 1888, and for the corresponding
periods of the two previous years, are as follows :
EXPORTS TO EUROPE FROM ALL INDIA.
1888.
Shipments
to all
*
Europe
This
week.
from—
Bombay
15.000
This
94,000
32,000
1886.
Since
Jan. 1.
week.
33,000
4,000
October 1 to February 1.
Great Britain.
Continent.
Total.
For 1887-8.
Takings by spinners...bales
1,383,000
Average weight of bales....
Takings in pounds
1,398,000
2,781, OOO
434
444
430
600,222,000
620,812,000 1,221,034,000
For 1886-7.
1887.
Since
Jan. 1.
205
This
week.
133,000
31,000
Takings by spinners...bales?
Average weight of bales....
Since
Jan. 1.
22,000
5,000
1,252,000
Takings in pounds
110,000
30,500
1,030,000
2,332,000
452;5>439.484,roo 1.055,663,000
452
453
566,179.000
According to the above, the
average weight of the deliv¬
pounds per bale this season,
Total
21,000| 126,000 37,000 164,000 27,000 140,500 against 452 pounds during the same time last season. The Continental deliveries average 444 pounds,
against 453 pounda
last year, and for the whole of
Alexandria Receipts and
Europe
the deliveries average
Shipments.—Through
arrange¬
439 pounds per bale,
ments we have made with Messrs.
against 452 5 pounds last season. Our
Davies, Benachi & Co., of
Liverpool and Alexandria, we now receive a weekly cable of dispatch also gives the full movement for this year and last
the movements of cotton at
year in bales of 400 pounds each.
Alexandria, Egypt. The follow
ing are the receipts and shipments for the past week and for
the corresponding
1887-8.
Oct. 1 to Feb. 1.
1S86-7.
week of the previous two years.
6,000
1887-83.
Feb. 8.
1886-87.
000s omitted.
This week....
Since Sept. 1
53,000
2,658,000
75,000
2,622,000
This | Since
week. Sept. 1.
Exports (bales;—
To Liverpool
This
Since
This
week.
Since
Sept. 1.
week.
Sept. 1
1
7,000 200,000
8,000 116,000,
To Continent
*
2,563,000
15,000 316.000
ll,000j 110,000
15,000:306,000
17,000l290.000
A cantar is 98 pounds.
ending
Europe
15,000 bales.
Manchester Market.—Our report received
by cable to-night
from Manchester
states
both yarns and
that
the market is
steady for
We give the prices for to-day
for previous weeks of
this aDd
shirtings.
below, and leave those
last year for
comparison:
1888.
32s Cop.
Twist.
d.
d.
Jan.
6 734 ©83s
13 7i316-8T16
“
20 713,6—8 7,6
“
27 71316~8716
Feb. 3 713,6-87,6
“
10 73i ©8%
“
1887.
CoWn
Mid.
81.4 lbs.
Shirtings.
s.
d.
Uplds
d.
3
2
s.
5 10^7V7
5 9
a)7
5 9 ©7
5 9
Tv 7
5 8i2o>7
5
8
©7
d.
d.
d.
511i6 7516®71o,g
5^8
7°, 6 ®71^16
2
2
5r>8
5^8
1*2
59,6
1
32.9 Cop,
Twist.
5L>
71.4
7*4
71q
7as
TV77S
©778
'2>734
©734
Shirting 8.
5
5
5
5
5
5
Upldt
d.
s.
d.
8
©6 10
9*2©6
91*2 a 0
9 ^©6
9^©6
91e©6
395,
292,
55,
274,
166,
161,
221*
435y
389,
288,
784,
5S0,
329,
283,
327,
272,
656,
560*
103,
372,
101,
464,
204,
836,
41,
357,
55,
255,
96*
612,
475,
292,
565,
288,
1,040,
580,
393,
2S8,
310,
272,
560,
183,
472,
277,
6,
460,
110,
55
1,028,
430,
38,
390,
820*
655,
365,
833,
360,
1,488,
725,
540,
350,
January..
290,
312,
473,
310,
763,
622,
Total supply
Consump. Jan., 4 wks.
602,
292,
783,
288,
1,385,
580,
supply
4 wks.
Spinners’ stock Nov.
1
Takings in November.
Total supply
Consump. Nov., 4 wks.
1
Takings in December.
Total
supply
Consump. Dec., 5 wks.
Spinners’ stock Jan.
Takings
in
1
Total.
|
!
|
d.
10Lj
10*2
10L>
IOI2
10^
5519
Bales
1887-8.
of 400 lbs. each.
ton (colored and uncolured)
exported to—
1887.
Groat Britain and Ireland...
.yards !
Other countries in Europe
I
British Noith America
“
Mexico
“
Central American States and
i
British Honduras
“
West Indies
“
!
Argentine Republic
Brazil
United States of Colombia...
Other countries m S. America
China
“
“
“
“
“
other
1,950,160
925,993
470,343
Manufactures of
Cotton exported to—
Great Britain and Ireland
Germany
France
Other countries in Europe
British North America
Mexico
Central American States & British
Honduras
West Indies
United States of Colombia
Other countries in So. America
Asia ar.d Oceanica
Atrica
Other countries
1886.
12 mos.end ng
1887.
2,112,844
654,394
97.694
1,488,133
Great
Conti¬
Britain
nent.
0008 omitted.
518
5i8
Spinners’ stock Oct.
Takings to Fib. 1.
1.
...
Supply
Consumpti’n 17
weeks
Spinners’ stock Feb.
418,951
2.021,108
2,073,133
808,238
432,084
f
9,619,077
In October
1886.
In November.....
In December
11,528,525
5.045,769
8,521,376
1,413.560
1,725.347
15,726,917 1 14,171,194
4,593,434
590,477
2,023,399
99,289
1,003,445
7,734,228
18,608,492
6.470,718
<5,914.463
6,302,555
30.636,480
64,830,115
7,173,598
6,097,353
4,152,837
6.198,082
17,914,512
13,236,807
8,121,528
4,889,020
24,187,448
77,052,999
11,419,597
12,730,064
7,000,676
tures of
of all cotton goods
'
8,324
0,009,892
24.363
2,180
7,077
161
4,362
18,831
1,992
2,257
12;
236
79,833
105,448
73,677
286,423
4,245
76,807
81,083
278,827
68,442
1,440
79,844
120,189
128,751
1.283,821
1,643,046
1,706,706
13,997,841
1,624,145
15,383,130
European Cotton Consumption for February
1.—We
have received to-day, by cable,
Mr. Ellison’s cotton figures
brought down to February 1. The revised totals for last
year
have also been received and are
given for
comparison.
The
spinners’ takings £in actual bales^ and pounds have been
as follows;
190,
351,
417,
278,
771,
544,
288,
505,
280,
1,049,
568,
83.
51,
167,
1,552,
1,551,
1,241,
1,224.
3,270,
2,465,
310,
49),
805.
1
1.719,
!
Total.
'■
218,
3,052,
Tn January
..
[
Great
Britain.
55,
1
1
b4l5,
!
1,470,
73,0
73,0
73,0
r
3,0
72,0
\ 2,0
145.0
72,0
145,0
72,0
145.0
|
!
145,0
!
nent.
Total*.
166,
1,223,
2,638*
221*.
1,389, 2,859*
1.164, 2,3 4 8*
j 1.214,
256,
225,
'
.
Conti¬
481*.
I
1
72,0
72,0
70,0
72,0
j
68,0
68,0
68,0
138,0
70,0
142,0
140,0
140,0
The foregoing shows that the
weekly consumption in Europe
is now 145,000 bales of 400
pounds each, against 142,000 bales
of the same weight at the
corresponding time last year. The
total spinners’ stocks in Great Britain and
on
the
Continents
have increased 42,000 bales
during the month, ani are now
324,000 bales more than at the same date last season.
European Coiton Consumption,—Mr.
Ellison’s Estimate
—We gave last week the substance of Mr.
Ellison’s review
o
the cotton trade for 1887, as received
17,621,432 23.522,426
by cable. This week the
j 189,201,789j215,221,104
$1,163,632 $1,514,286 $ 12,291,135 *13,758,985 complete circular has reached us by mail and from it we take
the following with reference to future
$-0660
$•0614
$-0050
$•0639
supply and demand:
The extremely small estimates of the American
crop current
$
$
$
in November are generally
$
abandoned, but there is still a,
30,712
34,992
416,016
273,212
variation of about half a million bah s—the
3,408
2,101
28,808
20,353
mo3t current
500
550
2.4 50
6.671
figures rangiDg from 6,500,090 to 7,000,000 bales. This differ¬
3.115
1,037
2o,22!)
13,736
ence will narrow in the course of the
10,846
31,688
419,i21
593,062
coming month, and in the
9,436
11,080
135,442
86,656
meantime we shall calculate upon a yield of
6,800,000 bales, out
3 357
of which the United S ates and Canada will
1,520
66,542
24,447
probably take
Total value of other manufac-
Aggregate value
968,
690,
340,
1886-7.
1,500,
Weekly Consumption,
Dec. 31.
1
5,696,080
789,442
“
|
6,137,018
11.379
“
Total values of above
Value per yard
Values of
5F0 020
2,305,264
“
Total yards of above
1,639.023
244.660
111.654
J ,321,281
51 i,eyr>
Other countries in Asia and
Oceanica
Africa
Other countries
ending Dec. 31
148,
428,
‘
008 omitted.
Month
70S,
310,
49 5,
805. !
256.
225.
481
The comparison with last year is made more
striking by
bringing together the above totals and adding the
weekly consumption up to this time for the two years. average
Oct. 1 to Feb. 1.
5H
5,6
53,6
Domestic Exports op Cotton
Manufactures.—Through
the courtesy of Mr. W. F.
Switzler, Chief of the Bureau of
Statistics, we have received this week a statement showing the
exports of domestic cotton manufactures for Decembe r, and
for the twelve months since
January 1,1887, with like figures
for the corresponding
periods of the previous year, and give
them below :
Quantities of Manufactures of Cot¬
TotaK
Spinners’ stock Feb. I
Cott'n
Mid:
8I4 lbs.
s.
167,
222,
218,
566,
Spinners’ stock Dec.
This statement shows that the
receipts for the week
Feb. 8 were 53,000 cantars, and the
shipments to all
51,
344,
nent.
Total
8,000 105,000
nent.
Conti-
Consump. Oct.,
6,000^180,000
7,000 201,000
Conti-
Great
8piuners’ stock Oct 1.
Takings in October...
70,000
Great
Britain.
Britain.
1885-86.
Receipts (cantars*)—
Europe
434
Bales of 400 lbs. each,
Alexandria, Egypt,
Total
eries in Great Britain is
i
All other ports.
2,350,000, leaving 4,450,000 for shipment to Europe.
the O -mrawuttee and Bengal
crops are
those of last season, but it is
Ia India
said 10 be smaller than
reported that the incre se in the-
Broach, Dfcollerah and other crops will almost, if not
quite,
make up the deficiency in the two
crops named; and we see
no reason for
changing our October estimate of 1,500,000 bales
as the probable
import into Europe this season, against 1,578,000
last season. The Egyptian crop is
turning out slightly smaller
than expected, and we shall calculate
upon only 2,800,000
cantars, or 400,000 bales, ag linst 425,000 last season. The other
Mediterranean supplies will reach about 50,000
bales, against
64,000 last season. The imports from the Brazils and West
Indies we put down at 420,000 bales,
against 502,000. Reduced
to weight, the foregoing estimates come out as follow: '
Import into Europe
Bales.
Egyptian
Smyrna, Ac
Brazils, West
indies,
2,024,750,000
589,500,000
455
393
271,200,000
17,500,000
71,600,000
678
350
170
400,000
50,000
420,000
Ac
Pounds.
Lbs.
2,974,550,000
7,436,000
6,820,000
Total
Bales of 400 lbs
estimated the requirements of
Europe at 144,000 bales of 400 pounds per week, or a total of
7,488,000. We see no reason for changing this estimate, es¬
pecially as prices are now much higher than they were when
We put the consumption in
our October circular was issued.
the first three months of the season at 145,000 bales of 400
pounds per week, but we doubt if the average for the whole
season will exceed 144,000, as the usual allowance will have to
be made for holidays.
The estimated supply and consump¬
tion about balance each other. The latter is 52,000 bales
larger than the former, but the season opened with 812.000
bales in the ports of Europe, against only 615,000 in 1886. In
conclusion, the world wants an American crop of 6,800,000 or
thereabouts; but if, as some say, the yield proves to be only
6,500,000, then consumptions must be'reduced, to bring about
which some advance in prices will have to take place.
By way of further elucidating the question of supply and
demand for the list nine montli3 of the season, we have made
up the following statement, compared with the actual figures
our
October annual we
for 1887 and 1886
:
Imports lc87-88.
Received
To receive
Dec. 31. Jan.lloS y>.30
1,853,000
142,000
American
East Indian
2,832,000
1,461,000
47,000
271,000
2,844,0 0
1,217,000
235,000
41,000
Brazils, W. L, Ac.
400,000
200,000
2,335,000
Total
4,990,000
5,285,000
1,028,000
4,537,000
4,955,000
905,000
In bales of 400 lbs
St’kinFurop’n ports,bales 400
Stock at mills, bales 400 lbs
4,485,000
4,804,000
lbs. 1,038,000
763,000
Total in bales of 400 lbs
Consumption, 39 weeks
Stock, ports and mills,
Of which at the mills
246,000
45,000
212,000
3,000
149.000
Smyrna, Ac
278',000
387,000
6,603,000
5,616,000
6,591,000
6,247.000
5,524,000
5,376,000
989,000
1,067,000
218,000
871,000
221,000
849,000
812,000
650,000
615,000
Sept 30.
Hull,
New YTork
Leaving at ports, bales of 400 lbs..
In actual bales
.
4,610
Mobile
Savannah
Charlest’n.
Galveston.
Norfolk....
West Point.
Baltimore
6,008
Total
4,472
1,700
7,448
2,651
.
i’,27*i ”735
’Too
7,117
Boston
4,610
9,435
4,420
2,309
7,240
6,008
9,223
7,448
2,651
......
4j963
2,720
2,309
7,240
.
Philadel’a
»
Genoa
London
Brem. Rotterd.
and
and
and Barce- and
Liver¬
Total.
Leith. Havre. Hamb. Antin'p. Iona. Xaples.
pool.
516 30,750
750
936 1,403
24,832 2,313
600
30,207
4,054
25,553
N. Orleans.
......
516 114,301
add the clearances this week of vessels carrying
United States ports, bringing our data down to
1,485 6,772
936 11,691
2,413
90,488
....
Below we
sotton from
the latest dates:
Galveston—For Liverpool—Feb. 6- Steamer Duchess, 3,585.
For Vera Cruz—Feb. 4—Steamer Whitney, 1,314.
New Orleans—For Liverpool—Feb. 4—Steamers Pomeranian, 7,632;
Scholar, 3,612.
For Havre—Feb. 4—Ship Lizzie Burrill, 4,108
Feb. 6—Steamer
18S6.
1887.
2,597,020
1,358,000
188,000
Egyptian
form, are as follows :
-Imp. Jan. 1 to Sept.39.—.
.
arranged in our usual
particulars of these shipments,
The
1887-8.
4,450,000
1J500,000
American
East Indian
In
[VOLi XLVI.
THE CHRONICLE.
206
Paris, 6,989.
For Antwerp—Feb. 6—Steamer Paris, 596.
For Barcelona—Feb. 3—Steamer Ponce de Leon,
5,210; Feb. 4—Ship
Marcelino Jane, 1,500.
For Malaga—Feb. 3—Steamer Ponce de Leon, 2,000.
Savannah—For Liverpool -Feb. 6—Steamer Annie, 5,1S5.
Brunswick—For Liverpool—Feb. 2—Steamer Port Augusta,
Feb. 4—Bark Bayard,
.
6,559
Charleston—For Bremen—Feb. 8—Steamer Hungarian,
For Barcelona—Feb. 4—Bark Anibal, 955.
5,250.
Point—For Liverpool—Feb. 6—Steamer Venice,
West
Florida,
.
Boston—For Liverpool—Jan. 31—Steamer Roman, 3,777—Feb. 1 —
Steamers Palestine, 1,436; Samaria, 972
Feb. 4—Steamer Ba¬
Newport
News—For Liverpool—Feb. 8—Steamer
varian,
.
Baltimore—For Liverpool—Feb. 6—Steamer Polynesian, 1,436.
Philadelphia—For Liverpool—Feb. 7—Steamer Lord Clive,
.
disasters
Below we give all news received to date of
to ves¬
sels carrying cotton from United States ports, &.c,
Winchester, steamer (Br.), Woolley, from New Orleans for Sebastopol,
had repairs to bottom nearly completed at Bermuda, and it was ex¬
pected that she would come out of the Government nock on Feb. 4,
proceed to St. George’s and reload undamaged cargo.
Cotton
freights the past week have been as
Thurs.
Wednes.
Tues.
Mon.
Satur.
follows :
Fri.
*8
*8
*8
Messrs. Gaddum, Bythell & Co.’s Liverpool, steam d. 18®^ !8®964
Do
sail...*/.
Cotton Report dated Bombay, Jan. 6, we have the following:
932
932
932
932
In Bombay the weather was threatening for days past, and on
932
Havre, steam
c.
Wednesday we had a heavy and continuous downpour during the greater
Do
sail
c.
part of the day. Kain has also fallen in all the cotton districts, and the Bremen, steam c. 1132®38 1132®% H32® ^ 1132®^ 1132®38 1132®38
Ooinra crop has no doubt sustained some injury, though to what
Do
sail
c.
extent we have not yet heard. In tho Broach districts only light rain
B32
B32
fell, but the cloudy weather which lasted the whole week is reported to Hamburg, steam d.
532
532
n64
”61
have caused someof the flowers and cotton pods to drop off. No harm
sail. ..c.
Do
eeems to have been done in the Dliollera districts, and in the Bengal
30-32 V
districts the cotton is nearly all picked and ginned by this time.
Amst’d’m, steam, c. 30-32 V 30-32 V 30-32 V 30-32 V 30-32 V
East India Crop.—From
•••
•
■ • •
•
•
• •
• •••
....
....
•
....
....
....
....
....
...
....
....
....
....
....
....
....
....
....
....
....
....
....
....
•
“
■
....
Agricultural Department on
Cotton.—A despatch from
Washington of date Feb. 10 says: “The Bureau defers until
next report its statement of cotton on plantations, as its
returns are not complete.”
Jute Butts, Bagging, &c.—The market
been rather quiet, and only a light inquiry is
bing lots.
lb., 6c. for
Butts are
for bagging has
reported for job
Prices are easy with sellers quoting
for
for 2 lb. an(i 7c. for standard grades.
selling fairly and prices are
in buyers’ favor, paper
while bagging qualities are
grades being held at
quoted at 2%@2%c.
Shipping News.—The exports of cotton from the United
past week, as per latest mail returns, have reached
Do
via Leith.d.
Reval, steam
d.
sail
Do
Barcelona,steam d.
Genoa, steam.. ,d.
Trieste, steam...d.
Antwerp, steam d.
*
....
732® J4 732® 15l51
732
73B
JTxwYork-To Liverpool, per steamers Belgravia, 3,869
Dalton, 3,037
Gallia, 1,698
Memnon, 1,310
Ne¬
vada, 1,792
Pennsylvania, 2,431
Republic, 1,925
St. Ronans, 5,000
The Queen, 3,770
To Hull, per steamer Persian Monarch, 1,313
To Leith, per steamer Croma, 1,000
To Havre, per steamer La Champagne, 936
'
To Hamburg, per steamers Australia, 300
Bohemia, 603
Rhaetia, 500
To Antwerp, per steamer Pcnnland. 750
To Genoa, per steamer
To Naples, per steamer
1,313
1,000
936
25,553
4,054
600
4,610
... 4,963
*
bark Umberto I., 1,700
Galveston—To Liverpool, per bark Aphrodite, 2,309
Korfolk—To Liverpool, per steamers Narania, 1,740
To Barcelona,
shire, 5,500
Pavonin, 1,832
Philajdeli iiia—To Liverpool, per steamers
....Lord Gough, 1,391
Total
Michi¬
2,200
2,720
1,700
2,309
7,240
6,008
Assyrian, 3,059
To Rotterdam, per steamer Lero, 735
Boston—To Liverpool, per steamers Bulgarian,
3,4H>
York¬
North Erin, 6,008
Baltimore—To Liverpool, per steamers
Baltimore, 2,022
Oregon, 2,036
To London, per 6teamer Maryland, 100
To Bremen, per steamer America, 1,271
gan,
4,472
per
West Point—To Liverpool, per steamer
>4
764®18
764®18
764®)1S
•
•
••
732
732
*4
764®1«
7<34®1«
Liverpool.—By cable from Liverpool we have the follow¬
ing statement of the week’s sales, stocks, &c., at that port,
We add previous weeks for comparison.
Jan. 20.
Sales of the week
bales
Of which exporters took....
Of which speculators took...
Sales American
Actual export
Total stock—Estimated
Of which American—Estim’d
Total import of the week
Of which American
Amount afloat
Of which American
54,000
3,000
4,000
37,000
5,000
28,000
707,000
522,000
158,000
133,000
317,000
300,000
Jan. 27.
Feb. 3.
65,000
8,000
3,000
49,000
6,000
23,000,
59,000
5,000
4,000
41,000
7,000
25,000
746,000
561,000
120,000
99,000
297,000
277,000
758,000'
573,000!
96,000
79,000
292,000!
270,000;
Feb. 10.
61,000
5,000
3,000
48,000
7,000
24,000
840,000
661,000
166,000
153,000
214,000
187,000
The tone of the Liverpool market for spots and futures each
750
day
of the week ending Feb. 10 and the daily closing prices
350
166 of spot cotton, have been as follows :
JNbw Orleans—To Liverpool, per steamers Australian, 5,358
Buenaventura, 3,997
Carolina, 4,168
City of Lincoln,
Jamaican, 3,985
To Bremen, per steamer Martha, 4,054
To Barcelona, per bark America, 600
Mobile—To Liverpool, per steamer Charrington, 4,610
SAVANNAn—To Bremen, per steamer Amaryllis, 4,963
To Barcelona, per steamers Deerliill, 4,472
.
Charleston—To Liverpool, per steamer Mayaguez, 2,720
H
732
732
1,403
Trinacria, 350
Trinacria, 166
8,045
732
732
Per 100 lbs.
Forwarded
24,832
732
732
*4
*4
....
....
....
....
States the
114,801 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.
Total bales.
...
d. 1364-1764 1364-1764 1364~1764 13G4'1764 13d4-17Q4 1864~1764
7,117
100
1,271
735
*
Saturday Monday. Tuesday.
Spot.
Market,
)
12:30 p.m.
$
In
buyers’
Quiet.
Steady.
fie
?95iG
5^8
Sales
8,000
8pec. & exp.
1,000
10,000
1,000
Quiet at
partially
Quiet.
1-04 de¬
cline.
Barely
steady.
Easy.
Mid.Upl’ds.
Mid. OiTns.
favor.
Wednes.
Th ursd'y.
Friday.
Freely
Uardenl’g
Steady.
513
5ifl
5®16
12,000
1,000
5»ie
10,000
1,000
offered.
5*2
1,000
5916
8,000
1,000
Quiet at
Quiet at
10,000
Futures.
Market,
12:30 r.M.
Market,
4 p.m.
\
$
\
{
1-04 adv.
Easy.
,
-
Firm at
2-04 ad¬
Quiet
1-64 de¬
cline.
vance.
advance.
Quiet.
Steady.
Very
steady.
at au
The opening, highest, lowest and closing prices of futures at
7,448 Liverpool
for each day of the week are given below. These
British King, 1,260
2,651 prices are on the basis of Uplands, Low Middling clause, unless
.
.m,301
otherwise stated.
'February 11,
The prices
,
given in pence and 6Aths
are
-64d., and 5 01
THE
1888.]
means
Sat., Feb, 4.
4 63
means
GRAIN.
Tues., Feb. 7.
Spring, per bush...
Spring No. 2
85
87% #
89
Open High Low. Clos.
Red winter No. 2...
Red winter
White.
89
86
90
92
92
61
Open High Lo'io. Clos.
d.
d.
d.
d.
d.
d.
d.
d.
d.
d.
5 32
5 32
5 32
5 82
5 33
5 83
5 33
5 33
5 31
5 31
531
5 31
Feb.-March 5 82
Mar.-April. 5 34
5 32
5 32
5 32
5 83
5 33
5 33
5 313
5 31
5 31
5 31
5 31
5 34
5 34
5 34
5 33
5 35
5 35
5 35
5 33
5 33
5 33
5 83
5 36
5S6
6 36
5 36
5 37
5 37
5 37
5 37
5 35
5 35
5 35
5 35
5 3S
5 38
538
5 33
5 89
5 89
5 39
5 39
5 37
5 37
537
5 37
5 40
5 40
5 40
5 40
5 41
5 41
5 40
5 40
5 39
5 39
5 39
539
5 42
542
3 42
5 42
5 43
5 43
5 42
5 42
5 41
541
5 40
5 40
February
..
April-May..
May-June..
June-July..
July-Aug...
j
d.
Aug.-SeDt.. 5 43
543
5<3
f 43
543
5 43
5 43
5 43
5 41
541
541
5 41
Sept.-Oct...
5 43
5 43
5 43
5 44
5 44
5 43
5 43
5 42
5 42
541
5 41
6 43
Wednes ., Feb.8.
Thurs., Feb 9.
Fri., Feb. 10.
.
Open High Low. Clos.
j Open
High Low. Cl08.
Open] High
d.
d.
d.
d.
d.
d.
d.
d.
d.
d.
d.
5 31
5 30
5 31
5 34
5 31
5 34
5 24
5 31
531
5 84
534
531
5 30
5 31
5 31
5 34
5 34
5 34
5 34
5 34
5 31
534
5 36
5 36
5 36
5 36
5 38
5 38
5 33
538
Mar.-April.
5 32
5i-3.
5 32
5 33
5 35
5 36
5 35
5 33
April-May.
5 34
5 35
5 34
5 35
5 37
5 38
5 87
5 38 ;
May-June.. 5 36
June-July.. 5 30
5 40
Jaly-Aug
..
5 37
5 36
5 37
5 39
5 39
5 39
5 39
5 39
5 40
5 39
5 40
5 39
5 38
5 39
5 41
5 41
5 41
5 41
5 41
5 42
541
5 42
5 40
5 40
5 40
5 43
5 43
5 43
5 43
5 43
5 44
5 43
544
5 40
5 41
5 40
5 41
5 43
5 44
5 43
5 44
5 44
5 45
544
5 15
5 40
5 41
5 40
5 41
5 44
5 44
5 44
5 44
541
5 45
5 44
5 45
..
Aug.-Sept..
8ept.-Oot
j
1
sharp decline of wheat, corn and oats, which followed
delivery of Bismarck's speech to the German Parliament.
the
The flour market opened the week with some
improvement.
The removal of various obstacles to
transportation, which had
arisen from heavy snow-falls and severe
cold,
gave an
to the demand from the home
was
maintained at
impulse
trade, while business for export
full figures.
To-day the market was
quiet.
The wheat market opened with the
appearance of
strength,
some
the war-like aspect of European politics, buc
Bismarck’s speech caused a decided
change ; there was a free
selling movement, under which prices fell off, touching the
lowest figure in several months. The lower
prices led to some
on
revival in business for export; and
yesterday,
on unfavorable
reports from the fall-sown crop in some sections, there was
some recovery, which in turn
put a stop to sales for export.
To-diy the opening was weak, but the reported purchase of
120,000 bushels for export caused a steadier closing.
DAILY CLOSING PRICES OF NO.
February delivery
March delivery
Sat.
Mon.
Tues.
89%
88%
89%
90%
91%
88%
Wed.
88
89%
89
90%
90%
90%
April delivery
2 RED WINTER WHEAT.
9158
Thurs.
88%
89%
90%
91%
91%
90%
90%
94%
88%
89%
90%
91%
91%
91
90%
May delivery
92%
91
91%
June delivery
92%
91%
91%
91
July delivery
91%
91%
90%
90%
August delivery
91%
90%
90%
89%
December delivery
95%
94%
94%
93%
94%
Indian corn declined sharply on
Tuesday and Wednesday.
The “ bears” made a sharp raid
upon values, but on some
revival of the demand for export a smart
recovery took place
on Thursday, but the close was less active.
To-day the market
was
Milwaukee.
.
Toledo
Flour.
Cleveland.
St. Louis
Peoria
February delivery
March delivery
April delivery
May delivery
June delivery...
Sat.
Mon.
Tues.
Wed.
60%
Fri.
59%
Thurs.
60%
60%
60%
60%
00%
59%
59%
59%
59%
59%
58%
58%
58%
58%
58%
59%
59%
59%
59%
59%
59%
59%
61%
61%
61
July delivery
Oats declined
59%
59%
59%
60%,
59%
59%
60
materially, especially for 'future delivery, in
sympathy with corn, but did not recover so promptly. To-day
the market
was
steady but quiet.
DAILY CLOSING PRICES OF NO. 2 MIXED
OATS.
Sat.
February delivery
Marc t delivery
May dehvery
38%
39%
39%
Mon.
38%
Tues.
38%
Wed.
37%
Thurs.
38%
38%
38%
37%
37%
37%
38
Fri.
38
38
38
Thurs.
Fri.
39
DAILY CLOSING PRICES OF NO.
February delivery
March delivery
May delivery
Rye rules
very
firm.
Sal.
Mon.
Tues.
40%
40%
40%
40%
41
Wed.
39%
39%
39%
39%
39%
39%
39%
quotations:
$ bhL $2 15 2>$2 60
Buperilne
2 40 # 2 90
Spring wheat extras. 2 7O® 3 15
Minn, clear audstra’c.
Winter shipp’g extras.
Winter XX and XXX.
Patents
Southern supers
South’n
corn,
extras..
3 50#
2 75 3)
3 25 3)
4 153)
2 70#
4
3
4
5
2
40
20
25
00
90
3 00# 3 40
Southern bakers’ aud
family brands...... $3 50#$4 25
Rye Hour, superdae.. 3 30# 3 60
Fine
Corn meal—
Western, &o
Brandywine.
Buckwheat dour, per
100lbs....,
2 30#
2 50
3 00# 3 25
3 20# 3 25
2 20# 2 35
39%
%#
41
00
90
95
95
05
95
67
Oats.
Barley.
Rye.
3.535
1 >1,830
14,539
50,972
789,775
2,375
12,500
86,271
836,750
335,400
287,000
279.600
780j
2,481
17,769
20,057
0,382
40
39,0001
35,400.
1
2,272
15,950
*
Tot.wk. ’88.
207,865
1,318,830
1,884,354
L, 385,739
Same wk."87.
415,933
79,295
173,318
169,666
1,320,129
1,320,803
1,841,008
922,178
1,168,658
517,7801
25,032
0.548.467
1886-7*
5,779,078
1885-6*
*
988,404
75.415,755
04,285,197
43,549,"! 9
4.530,972
Include
533,250,
•
1887-8
48,502.310
51.288,140
38,913,726
17,091.967
10,440.772
50,837,504
34,511,583
14,921,576
43,204,169
I
49,508
1,361,291
1,439,177
2,200,927
week extra.
one
The receipts of flour and grain at the seaboard
ports
week ended Feb. 4, 1888, follow:
Flour,
Wheat,
Corn,
Oats,
Barley
At—
hbls.
bush.
New York
75,395
Boston
Montreal
24,t>07
2,890
10,851
33,010
1,525
Philadelphia...
Baltimore
Richmond
Norfolk, Va....
New Orleans...
bush.
11,000
28,302
bush.
133,890
82,000
36,301
46,820
15,437
13,008
31,362
34,222
8,200
69,479
27,850
9,883
7,586
23,756
38,910
21,487
32,400
for the
Rye,
bush.
bush.
40,750
8,075
1,200
1,650
450
4,800
1,150
......
••••••
11,093
Total week. 160,577
Oor. week ’87.. 301,505
110,690
751,290
282,271
899,551
279,592 54.825
763,017 165,859
3,250
7,130
The exports from the several seaboard
ports for the week
ending Feb. 4, 1888, are shown in the annexed statement:
Exports
Wheat.
from—
New York
Boston.
Portland.
Com.
Flour.
Oats.
Rye.
Peas.
Bush.
Bush.
Bbls.
Bush.
149,869
Bush.
163,414
52,289
Bush.
26,297
1,361
2,411
45,788
2,460
.
89,799
217,711
N. Orl’ns.
20,039
38,642
Richm’d
73,706
35
Philadel.
Baltim’re
10,000
7,143
51,573
109
......
.
::::::
Norfolk..
Tot, w’k.
8’rne time
1887.
..
296,004'
472,056
180,814
1,361
2,411
lo!
876,478
180,655
3,472
78,072
782,8
The destination of the exports is as below.
corresponding period of last
Flour.
00
to—
ft
1887.
Week.
Ftb. 5.
^?tgo
Bbls.
Bbls.
135,906
8. AC. Am.
3,184
20,159
W. Indies
15,184
140,952
4,534
21,781
7,874
Cont’nt..
Brit, col’s
4.595
Oth.c’n’ts
1,786
Total...
180,814!
year
Com.
1888.
Week,
1887.
1888.
Week,
Feb. 4.
Feb. 5.
Week,
Bush.
1887.
Week,
Feb. 4.
Bush
212,126
83,878
Feb. 5.
Bush.
578,026
Bush.
375,401
87,928
189,688
9,996
440
7,439
4.935
579
180,655
We add the
for comparison.
Wheat.
Un.King.
545,839
312,810
4,045
4,890
600
296,004
5,100
248
8,883
782,810
472,056
876,478
By adding this week’s movement to our previous totals we
have the following statement of exports this season and last
season:
Wheat.
Com
Sept. 1,»37. Sept. 1,’80, Sept. 1,’87, Sept. 1,’S0, Sept. 1,’87, Sept. 1/80.
Exports to—
to
Feb.
4, IS*#.
Bbls.
to Feb.
to Feb.
to Feb.
to Ftb.
5, 1087.
4, 1888.
5, 1887.
4, 1888.
5,1887
Bush.
Buth.
Bbls.
Bush.
Bush.
Un.Kingdom
Continent.
8,8i6,502
260.221
2,032,387
205,500
8. &C. Am...
402.152
418,900
520,370
S3 7.529
309,200
209,218
4,505
15 510
20,870
22,130
85,577
5,329.153
4.245,918
15,740.067
29,710.943
..
FLOUR.
Fine
54,903
60,154
Minneapolis.
Barley and barley malt tend upward.
Buckwheat is sc Ireland firm.
The following are the closing
40
44
Canada No. 1
Two-rowed State..
Six-rowed State....
Milwaukee No. 2...
i
Corn.
5,797
3,422
Flour.
39%
39%
39
Barley—
3,150
22,074
2 WHITE OATS.
41%
41%
41%
41%
37%
3>
95 'cbX
87 ®
60%;
90 'W
62
90 -#
62
i Malt—State, 4-rowed. 1 00 '#1
State, 2-rowed
90 'cS
Buckwheat
65 ®
75
Wheat.
Duluth
Exports
for week
2 MIXED CORN.
No. 2 mixed
No. 2 white
24,290
3,118
14,385
..
quieter.
DAILY CLOSING PRICES OF NO.
#
37
37%#
38%#
Bbls.imbs Bush.GO lbs Bush. 56 lb* Bush.32 lbs' BushAH lbs Bu. 50
lbs
136,&85
113.230
680,480
725,892
240,7001
32,888
41,312
84,220
36,900
47,000
68,902
25,664
Detroit
N. News
Fri.
72
Oats—Mixed
White.
93
The movement of breadstuffs to market is indicated
in the
statement below, piepar.±d by us from the
figures of the New
York Produce Exchange. We first
give the receipts at Western
1 ke and rive' ports,
arranged so as to present the compaia;jvo movement for tho week
ending Feb. 4, 1888, and eince
August, for eacn of the last three yeart:
Since Aug. 1.
Friday, P. M., February 10, 1888.
The feature of the market for the
past week has been the
3>
State & Pa., $ bush.
Same wk.’SO.
BREADSTUFFS.
57%#
Rye—
Chicago
5 30
Feb.-March 5 80
February...
#
3>
#
59 %#
59
3
59 #
Western yellow....
White Southern
Receipts at—
Low. Clos.
3)
85
Corn— NVest’n mixed.
West’n mixed No. 2.
Western white
1
d.
207
Wheat-
Mon., Feb. 6
Open High Low. Clos.
<d.
thus:
5 l-64d.
CHRONICLE
West Indies.
Brit. Col’nies
Oth.countr’s
Total
9,410,200 18,286,873
6,245,351 11,315,493
21,009
25,929
9,421
3,071
to Feb.
7.105,470 10,742,834
2,023.326
4,302,680
205,844
355,170
242,154
17,933
130,087
49,774
19,151
35,953
9,599 058 15.773.757
The visible supply of grain,
comprising the stocks in granary
at the principal points of accumulation at lake
and seaboard
ports, ani in transit by water, Feb, 4, 1838
;
;
cr
208
THE
Wheat,
In store at—
New York
Do afloat
Albany
Buflalo
<•
bush.
7,018,G59
136,500
2,200
2,008,207
afloat
Com,
Oats,
bush.
bush.
70 500
331,270
.*.*.* 5,505^92 1,616*374
flfiriQt
".or 4^9
Milwaukee...*!*.* 2,01*4**4*21
7,387
Oswego
fit. Louis
.
Cincinnati
Boston
Toronto
Montreal
28,000
95,687
178,369
217,492
trade, but agents have not yet determined upon prices for the
111,572 coming season, and orders were modtly accepted “at value’*
221,510 on the date of
delivery. Print cloths were relatively quiet,
400,100
846.442 but prices remain firm on the basis of 4c. for 64x64 “spots”
2 9,314 and “near futures’* and 3^c. for April, May and June deliv¬
eries. Stocks last Saturday and for the three previous years
177,591
bush.
10 380
2,500
53,100
67,861
52 000
•
6,902,154
1,76:',649
1,322,576
56,000
3,720,610
84,500
7 6,670
[Vol. XI/VI.
Barley,
bush.
1,608,178 1,344,490
920,900
41*081
!*.!*.!“.
65,711
113,920
5,757
52,068
21,528
37,000
2,139,546 1,472,864
187,000
232,000
75,174 159, 37
900
22,063
83,20J
6,714
185,807
87,752
238,198
461,835
221,580 226,160
146,129
151,612
210,573
11,448
6,692
900
8,907
33,000
2,227
2,694
3,950
Chicago
«
Duluth
Toledo
Detroit
Rye,
CHRONICLE.
follows:
were as
16,698
73,121
45 <,<J00
57,168
105,000
4,72 *
132,667
15,847
1888.
Stoekof Print Cloths—
1887.
Feb 4.
Held by Providence mamifrs..
Fall River manufacturers...
Providence speculators
Outside speculators (eat).....
5,000
5,000
3,000
4,000
'
1886.
Feb. 5.
17,000
40,000
50,000
15,000
Fib 6.
87,000
46,000
'256,000
25,000
1885.
Feb 7.
480,000
492,000
330,000
343,000-
,?r
Philadelphia
Peoria
469,274
65,083
90,580
342,273
958,593
50,947
2,070
Total stock (pieces)
14,107
Prints
17,000
2 22,000
414,000
1,645,000
less active than in
preceding weeks but stocks
light and prices remain firm. Printed sateens, lawns
and batistes were in fair demand, and there was a steady call
Minneapolis
7,188,729
fit. Paul
395,000
for ginghams, woven wash dress fabrics and white geo Is.
On Mississippi
Domestic Woolen Goods.—Alth iugh the demand for
On canal & river.
7,600
6,300
Tot. Feb.
4, ’88. 41.086.646 7,817,070 5,402,768
363,468 2,929,159 heavy clothing woolens was somewhat irregular, very fair
-Tot, Jau. 28.’88. 41,761,081 7.134.733 5.510.335
332.178 2.995.788 orders for some descriptions as cassimeres, worsted suitings,
Tot. Feb.
5, ’87. 61,770.031 16,460,538 4,8-5,202
436,38 « 2,197,484
Tot. Feb.
6,’86. 54,197.045 7,251,352 1,824,398
715,007 1,7 *0.207 trouserings, overcoatings, &c., were placed for later delivery,
Tot. Feb.
7,’85* 43,535.936 7,339,583 3,051,126
511,711 1,666,830 and a fair business was done in cheviots and heavy satinets..
Prices of heavy clothing woolentfnave been placed upon a low
Minneapolis and St. Paul not included.
According to Beerbohm’s London cablegram, the amount of basis in order to meet the shar^) competition of certain foreign
wheat and corn on passage at the dates mentioned stot>d as fabrics, and opening quotations are generally maintained with
follows:
undeviating firmness by manufacturers’ agents. Cloikinga
w* re Obly in moderate request, and Jersey cloths were less
Week ending Feb. 8.
Week ending Feb. 1.
active than of late.
Crain on Passage.
Kentucky jeans and doeskins were
Wheat.
Wheat.
!
Corn.
| Corn.
lightly dealt in, and there was about the usual “between
Indianapolis
Kansas City
Baltimore
are
were
very
*
'
To United
To Continent;
l,385,000j
169,000!
338,000
480,000
1,412,000;
126,000;
Total
quarters
Equal in busliels
1,554,0001
386,000
12,432,000 3,088,000
1,538,000*
Same week in 1887. .bush.
22,520,000 2,872,000
Kingdom..qrs.
The exports of wheat from
season are as below:
331,000
53,000
381,000
12,304.000 3,072,000
128,000!
India for the week,
16,000
year
and
sefeson*” demand for flannels and blanket®.
worsted dress goods
distributed in fair quantities on
orders, and a moderate amount of new busi¬
account of back
done by the commission houses at steady p icesCirpets were in very fair demand and leading makes are
firmly held by the mill agents.
Total
THE
DRY
April 1 to
Feb. 4.
G^ods.—The
40,000
120,000
180,000
20,000
12,680,000
11,880,000
160,000
200.000
24,500,000
GOODS TRADE.
New York, Friday, February 10,1888.
Butiness in the wholesale branches of the dry go ds trade
comparatively quiet the past week, and the market ha>
new features of noteworthy interest. At first
demand
hands the
was only moderate, because j ibb rs’ stocks
have not yet been reduced to the replenishing point, but there
was a good steady movemmt in many spring and summer
fabrics on account of former transactions. The jobbing trade
was light and irregular.
Some kinds of departm nt goods, as
prints, gingham6*, sateens, wash dress fabrics, white goods,
&c., having been distributed in very fair quantitiei by
some
of the principal homes, while staple cotton and
woolen goods were more or lets quiet, and the demand
for hosiery and underwear was only moderate. Print cloths
have relapsed into a quiet condition, but stocks at the m nufacturing centres are so exceedingly light that prices remain
firm, and nearly all staple ant pttterned cottoi fabrics are
stiffly held by the commission houses became of their ex eptional scarcity. Domestic woolens fur men’s wear have shown
rather more animation, and some pretty good orders for
heavy weight fabrics were placed for next fall, but buyers are
still cautious, owing in a measure to the uncertainty about
tariff legislation.
Domestic Cotton Goods.—The exports of cotton goods
from this port for the week ending Febuary 7 were 2,969
packages, valued at $168,786. These shipments include 2,121
to China, 555 to Siuth America, 83 to Mexico, 65 to the West
Indies, 61 to England, 40 to Newfoundland, 18 to France
and 26 to all other countries. Since the 1st of January the
exports aggregate 19,693 packages, valued at $1,131,313. Of
this total China has had 10,119 packages, valued at $469,880, and 3,060 packages, valued at $210,801, have gone to
For the similar period of 1887 the exports
South America.
to all ports reached 18,771 packages and in 1836 were 24,480
packages. The demand for staple cotton goods was less
active than for some time past, but the mill agents continued
to make liberal shipments on account of back orders, and
was
developed few
prices ruled firm all along the line. Fail goods, as cotton flam
nelflj (fee., were more sought after by the manufacturing
situa ion in the maiket for
foreign goods is substantially uniha^g^d.
Importers con¬
tinued to make fair shipments of certain fabrics in execution of
former orders, but comparatively few retailers have yet reached
the market, and new bu iness was consequently restricted
in
fo
The auction houses have resumed their fa'es of
vo ume.
eign goods, but no offerings of special importance were
presented during the week.
The sales held
wer
,
attended with fairly satisfactory results.
however,
Importations of Dry Goods.
importations of dry goods at this port for the week
ending Feb. 9, 1888, and since Jan. 1, and the sime facts for
the corresponding periods of last year are as follows :
The
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