View original document

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

«

J

.

;

xtmtk
HUNT'S MERCHANTS' MAGAZINE,
RffiPRB3B!^riNQ

VOL.

THE INDUSTRIAL AND COMMERCIAL INTERESTS OP THE UNITED STATES.

SATURDAY, FEBRUARY

43.

NO.

1889.

16,

Wetk Bndifif Ftbruary

1,234.

Week Bnd'Q

9.

Terms of Subscription— Payable

In

Adrance

For One Year (inoludlnt? postage)

:

*10 20

do.
6 10
For Plx Months
11 28
Knropeun Hiiiisorlptton (inolnaing poBtaee)
6 64
Euroi>0!in SubserlptlonSlxMontUs (Incluitlng postage)...
Jti 78.
Annual subscription In Iiondondnoluding postage)
do
£1 Ss.
BlxMos.
do
do
These prices Include the Investors' Sopplement, of 150 pages
iMoed once In two months, and furnished without extra charge to
ubdOriDers of the Chroniclb.
A Ole cover is furnished at 50 cents; postage on the same is 18
eents. yo'nmes bound for subscribers at $1 00.

Terms

of Adrertising',
Advertisements ordered for less than one month,

In the COMMERfiAL
are published at 25 cents per line each insertion. When orders itre iletiiiiiely given for one month or longer, a lil>eral discount ia allowed, and tlie ««(^rt<;e» may be obtained on applliuUon at the oltlre. The lowest rates on permanent cards detlait-'ly ordered for oi»e year are 8 cents per line each insertion, making $53 for
one inch space one year. Space ia measured In agate type - 14 lines to
the Inch.

liondon Asents:
Messrs Edwards A Smith, 1 Drapers' Qardens, E. C, who will take
nbscriptlons and advertisements and supply single copies of the paper
•t Is. each.

WIIiCilAlf R.

r,.«> (
inn!r^»i«vr.
S
loan
a. FIXJYD.

•TTTTiK.

i>

DANA

Pnblislter*,

Co.,
NEW
YOKK.
p„g^ Office Box 958.

WUUain

10*

J

Sc

street,

thara.)

CLEARING HOUSE RETURNS.

New

York, of cours?, contributes largely
to the excess recorded— in fact, the addition at this city is
ninety-five millions, a large part of which, but not all, being

off is quite small.

the result of increased stock speculation. The movement of
the crops continues quite free, the marketing of cotton

+85-6

550.270,!)S»

(Cotton
tOrain
(Petroleum

(783.437) (-I-134S
(6f5.400)| 1—28-6
(35.31",«J5
(-i!35
(l»,l8a,000) (-501

(1,«!5,824)

l,a(M.j
bUHhela.)\

(523.8110)
(27,0;n,5l)5)

(a,043,0(W)

M>l<.)

Boston

331,2-^0,7661

4,748,9(10
1.6 17,474

2.1M2.707
1,870.6«1
1,<32,720

New Haven.
?DrinBflold..,

1,065,495
1,065,164

!1.310,f."i3)

(.349,100)1

(24,841.6921:
(10.2,io,000)l

8

89.551,208,

-t7-W

4,-»6,0tr0!

-F319
t28-6

l,813.-,;47:

-1-12

82.069.448

88.1,16,384
5.126.1)«0

Prorldence..
Elanford

-f6-e

i-2Jl

I,04il,690
l,057,053i
1.1114.247!

(•i-35-71

(-24-7)
(—7-5)
(-38-2)

6
-1-6

-i-2

-IS

—14-6
-6-0
-fll 5

9'<!<.8»l

870,7»(0

-l-l.t-6

948,972
«1U.839

80^,297
537,080

+4-

849,026

-(-15-3

591,118!

104,71S,9J4

£2,892,638

Tl 2 7

Ptnladelphta..
Ptttaburg

6^,977.171
11.4I2.0S5

62,880,2,35

-e36
-(-6

Baltimore

I2.6-.i8.753

10,719.505
10,423,80:

00,918,012

74,012,54:

-I-

60.614,004
11,204,450
5.222,109
«.5a8,473
8.294,879
2,001,457
1,797,254

61.819,905
10.979,300

2-1

10.18J.liO0

-5-7

4,U!,2.07.-

+28-9

4,275,10-

-t6 2

5.038.983
4.081.619

-2-1
-H-3
-HO-1

Worcester...
Portland....
LiOireU.. ....

New

England...

Total Middle.,

Chicago

,

Cincinnati

Milwaukee
Detroit
Cleveland

(^lumbus
Indianapolis
Peoria

,

QrandRapldB
Total Middle Western
liansas City

Minneapolis
3t. Paul

Omahu
Denver

...,

Uuluth....
Joseph...,
Los Angeles...

^t.

Wlolilia.
^'^n*»'c>*

Total Other Western.,

i

Louts

New Orleans.,
Iioulsvtue
Memphis
Itlohmond
Galveston
Sortolk
Total Soatbem,.,,
Total

Ontslde
•

moro liberal than in tlie previous year.
The weather has become more seasonable of late.
Contrasted with the corresponding week of 1838, the present asigrexate exhibits a decided augmentation— 37 '8 per centand outside of New York the increase is 148 per cent. The
excess at N^^w York of 3.5 6 par cent is in great measure due
to the much heavier volume of speculative transactioas in
particularly being

I

i-2-0

72.281,073
11.031,580

-fl6-7

-(-20-2

]3,6a2,l9ij

-H7-7

22-8

96,904,818

-I-14-1

+1T0

555«9,363

-OS

-I-

-t-16 4

1,«33,8<>3

673,813

611,342

— 19-9
— 174

New

York..

Not included

3.l>18.141
2.2;2,10i)

—40

-1-2-9

-21-1

-r8i-»

1,847.308
1,571.096
672,670

~io.550,b72 "+12-9

84,279,989

-1-2

15,527,601'
8.05H,M3ll
2,648,643,

4-25-3

fl6-3

—8 5|

-f»-4
-t-289

-0-8

14,171.179
9,070.340
»,172,714
3.285,934
3,743,126
3,437,08S
2,315,164
1,332,857
818,5
719,065
613,219

15,486,896
6,761,229
3,180.636

1.868,858
1,519,00
751,680
206.008

-46-1
-4 3
-H49-1

0»5,»2i

-.',3-1

675,8-iS,

-108

290,5:9'
411,441,

-i-18-7

42.559,776

39,404,510

-t-7-S

40.92-,;,36n

:?.; 18,510

18,925,133

-t-2-2

16,103,445

14,4S0,O-.!8

li,584,9-tl

7.233,990
3.330.8J7
2,114.318
1.317.982
1,106.422

6.272.157
2,104,4^5

-t-24-6
-1-15 3

811, 4 7a

-1-19-6

48.812,1271

42,478,762

"+149

42,028,297;

_+2r8

l,0t6..3 35.448l

3.7..8,1B7

ll,124,842.36fl|

all

-8-5

5

-4-34-2

-U-2

— 12-bI

2.851.636
2,395,870

+31-31

1.204,621

+"?'?!

-t-43-51

S77.9.S-.1 11

1

3,020,30'ii
a.62-s.082;
8.1-.7.244I
2.1 ; 0,061
1.1.31.-^6111

Sioux City*

dt.

— »*

100,309,182

2,830,947
2.498,446
2,l76.SOn
1,406,946

90,982,242

San Francisco..

The returns of bank exchanges contitiue of a very fa vera ble character. The current statement — that for the week
ending February 9 — makes an especially gratifying exhibit
comparid with eiilier the preceding week or the week of las
year, the gain in ilie former instance reaching over one hun
dred and eight million-i o* dollars. Moreover, all sections of
the ountry share ia this increase, only nin? cities showing
any decline, but at all paints except Philadelphia th-^ falling

t

I

746,354,a58l
I

iStockt

Total

A FiSANCiAi. CiiRO.MCLE,

t

New York
SolM of—

Feb. 2,

[P.Omt,

P. Otni.

11519,194
7..-.03.485I

-t5»3

2,(>2.3.6»li

1,1-00,000

-t-17-6

2,193, 10-.!:

W.iO.D2-i

4-418

1.4:4.1.33i

S7H.f6n.891

~321>.3W.3o9.

+\fH\

862.25:

-16-0
—19-3
-H3-S
-(-»3-6

+34-2
-23-6

-)-8-l

-9-0-

—8-e
—7-6
4-33-1
-(-185
4-51-9

-0-8

»H,\iOt."82!

In totals.

The returns of exchanges for the five days, as received by
telegraph ihis evening, exhibit a decline from the aggregate
for the corresponding period of last week, but compared with
the Hvrt days in 1888 there is a gain of 20'4 per cent. Our
estimate for the full week ending February 16 indicates an
inctease over a year ago of about 25 per cent. Messrs. R,
Dun & Co. report the number of failures for the week ended
to-night at 289 (243 in the United States and 48 in Canada),
shire prop rties this year, but elsewhere the gains recorded aKain-<t 803 last week and 273 for the sime time a year ago.
^ive evidence of ronsid»-rable growth of general trade. Of the
WteJt Endtnt Fihruary 16.
Week Bnd'g Feh. 9.
various divisions ths Middle makes the most favorable showRstimu by nieirapn.
in; and that west of tin Mississippi the least, while Topeka
18t9.
P. Cent.
1889.
18S8,
P. Oltl'
leads all (he cities with an excess of 149-1 per cent and Los
t~~

AngcUs

is

New York
with a loss of 46-1 per cent. Sous a/ ^toclc
are to be seen at Duluth, 02-3 per cent; Boston

at the foot of the

Notable add i ion i

G

list

683.108.035

(sfiarss).,

Memphis, .'.S3; D.-nver, 43'5; Galveston, 41-8; Kansas City, PhliadelphlB
Baltimore
34-3, and Hartford, 33-9 per cent.
Gbicago
On the Ne^ York Stock Exchange the operations in shares St. I,rfials
for the week embrace a market value of $100,733,000, against New Orleans
Total, 5 days
148,238,000 for the similar period a year ago. Pursuing our
Estimated 1 day...
usual method of deducting two-and-a-half times these values
Total full week...
from the New York totals, leaves as the exchanges arising
Balance Coantx f*». ..
through other businei-s $494,509,358 and |429,.550,638 respect-

.,

vely in the

two

Toml week,

years, or

an increase of

12'8 per cest.

'

all....

(1.421,781)

76,005,784
52,216.496

496,008,420

18,84 2,«n

46,605,177
8.756,819
43.391.000
14.414.158

9,997,15:<

8,815.769

10.198,497

61,291,000

^98,694,149 "818.009, «SS
164,269,100

187,701,064

"902,9fll,8t9

758,710,517
99.476,884

11,3,8J4,108

1,076,855.967

Por the fur week based on

4-38-9

(446,915) (4-318-1)
4-7-8
70,488,080

855,16 7,40l l

last woe^.'s

rjtarns.

4-12-1

e34.a--3.190

(1.519,650

77,922,114
5tf,4,S0,791

4-16-5

10,9II1.47'1

4-18-2

5 1. 300,0'

4-9 9
4-19-8

12.678,9»4

4-204
4-193

849,871,841
103,414,429

~27 4

l,013.0SS,S2O

4-14-5

111,104,167

16.401..391

4-aS-l)!l,l»i,l92 .487

4-27-8

THE CHUONICLE.

200

[Vol. XLVIII.

again in good demand, and while some banks are entirely
out of the market, others, and among th'em a few that
The money market has again reverted to the easier rarely buy paper, are purchasing largely. Rates show
Sixty to ninety day endorsed bills
tendency and" condition which had prevailed since the little change.

THE FINANCIAL SITUATION.

new

year began

up

to last week.

That reaction

of last

local influence, referred to

week was due to a temporary
by us the previous Saturday, being aided by concurrent
and subsequent Treasury accumulations. The Treasury
took out of the market nearly a million dollars net the
closing seven days of January and about 2^ million dolthere
lars the following week; during the same period
was a special movement of currency to Philadelphia and
Boston, the former due probably to the South Pennsylvania arrangement and the latter supposed to be connected with large loans on a certain railroad stock. This

week the business movements

of

in the ordinary way, while

the

money have been more
Government has been

receivable are 4 per cent, four mouths' acceptances are

to six

per cent, and good single names having from four
months to run are 5@6 per cent. The supply of

paper

is fair

4i@5

Money
better.

Bank

*

for the season.

•

in London has taken a mayked turn
Not that there has been any change

for the

in the

open market shows a decided upward
movement, coming very near the official minimum,
discounts for sixty-day to three months' bank bills
This rise is due to
being yesterday 2J per cent.
active business throughout Great Britain, continued
large absorption of capital for new undertakings, and
With regard to
the renewal of the shipments of gold.
rate, but the

—

paying out currency in excess of its receipts conditions the latter a special cable to us states that the Bank of
which, added to a small inflow from the interior, have England's loss of bullion, which for the week is reportserved to bring back the congested condition of the loan ed to be £243,000 net, was due to exports principally
to the Cape of £615,000, to receipts from the intemarket.

Yet the trade and speculative demand for money are rior of Great Britain of £271,000, and by foreign
Thus it will be seen that the exgetting to be more active, and will perhaps have a arrivals of £101,000.
the
import small, a good part of the
uncertainty
large
and
port
was
the
expand
when
further
tendency to
with regard to the financial head of the new export being drawn from the interior. This drain it is
removed. thought will force the Bank minimum iip again, and
begin, is
to
Administration, so soon
The large and increasing weekly clearings which our some of our bankers expected a rise this week. What
tables for the whole country have shown for some weeks, will be done in that particular, will no doubt depend
are indicative of trade expansion, which, if continued, somewhat upon the course of foreign exchange here.
ought at no distant date to reverse the interior The outflow cannot be permitted to continue, unless an
Besides, a gold export movement is equivalent supply can be obtained from some quarter,
flow of currency.
possible at any moment.
Yesterday the rates for foreign and the most likely source at this time of the
exchange were marked up one-half cent, in response to year is America. On the Continent there seems to be
the more active money in London; and with our imports no corresponding increase of activity; at Paris, the open
so large and exports diminishing, it is only reasonable market rate is 2^ per cent, at Berlin 1| per cent, and

The Bank of France
at Frankfort 1^ per cent also.
gained £65,000 gold the past week, and the Bank of
it except a free movement of securities.
There is a Germany shows an increase of about £274,000 since last
little anxiety, which, by the way, we do not share, with report.
regard to the course of the new Administration respectOur foreign exchange market, though dull, has been
ing bank deposits of Government surplus.
A rapid firm all the week, and yesterday the rates were marked

to anticipate a considerable outflow of the yellow metal

during the next four months, for nothing can prevent

drawing down of that item, even if done by purchases
of bonds, would disturb loans and therefore disturb
the monetary equilibrium. There is a vague idea in
some minds that the Eastern and Western money markets are distinct and separate, as wide apart as the sec-

up

a half cent to 4 87 forlong

and 4 89^ for

short.

The

inquiry from importers has been insignificant, but from

bankers
sold for

it

has been better, said to be to remit for stocks

London account,

& Quincy and

principally Chicago Burling-

which
market seems to have induced unloading by
Treasury is much to be desired for that reason. It will Europeans. There has also been some transfer of capibe educational.
tal by bankers, who find that they can get more
Altogether it looks at the moment, leaving out of the remunerative rates in London than they can in New
question Government operations, as if money, after the York.
Commercial bills continue scarce, notwithstandfirst of March, would be in such request to meet the ex- ing the large shipments of cotton.
We hear of a check
panding business requirements, as to change the ten- in shipments at New Orleans, because of the higher
dency and raise rates. This week, as already said, freight rates there.
tions

are geographically.

A Western

Secretary of the

ton

Illinois Central, the decline in

in our

the feature has been a condition of extreme ease. BankNorfolk & Western has issued this week a very full
ers' balances have loaned at 2^ and 1 per cent, though preliminary statement of the 1888 operations, containthe latter rate was recorded after the inquiry of the day ing income account, traffic statistics and balance sheet.
had been satisfied; still the average has been barely 2 The road has been doing remarkably well in recent

per cent.

With banks and

trust companies, 2 per

periods, so it is hardly necessary to say that both gross
been the mini- and net earnings are the largest in its history. For
mum. In time money, lenders are not disposed to favor 1888 the improvement in the net is relatively much less
long engagements; in fact short dates are sought, not than in the gross, yet after
meeting all charges and paylonger than sixty days.
This is in part due to ing li per cent on the preferred stock, a surplus of $418,the uncertainties we have hinted at above, and further
558 remained on the operations of the 12 months. With
to a belief that by April or May better long rates
can be another dividend of 1^ per cent a surplus balance of
secured.
Quotations now for sixty day loans are 3
per $88,558 would still remain.
In other words, a trifle less
cent, for ninety days to four months 3^ to 4
per cent, than 3^ per cent was earned on the $22,000,000 of preand for five and six months 4 to 5 per cent; the
inquiry
stock.

cent

for

call

loans

has

also

ferred

is chiefly

for long engagements.

Commercial paper

is

bulk of the

As

this preferred stock constitutes the

total stock (the

common

stock, contrary to

FiBRUART
the usual

THE CHRONICLR

16, ISrO.]

practice,

being

much

ferred, or only 17,000,000) this

less

than the pre-

must be regarded

748,558 was earned over and above all charges. Yet
the company realized an average on its freight tonnage
of only about 5f mills (5-77 is the actual figure) per ton
per mile, a further heavy decline having occurred in

the
a

year.

late

rate

mile

a

earn

its

It

not

is

so

long

ago

that

than six-tenths of a cent per ton
road would not have been expected to

many

\Ve have

times

called attention to the fact that the efforts of the

Norhave been directed to buildinoup the local traffic of the road, but with each succeeding
year the results of that policy become more and more
marked. Thus in 1888 there was a further increase
of 29 per cent in local freight and of 39 per cent in local
folk

& Western managers

passengers

;

so

that

carried in 1886, the

against 382,000

number

in 1888

local

IntoBmkB. Outo/Banlu. N»tOkant4ln
Bank Boutntr.

Banks Interior Moveraent, uabOTe

li.ora.ooo

Sub-Treasury operations

1!. 000,000

11,608,000
10.400.000

Oaln. ta71,000
Oain. 1,900,000

tl8.87g,000

ti8.ro9.oao

Oalnjl,871,000

Total gold and legal tenders...

Bullion holdings of European banks.
Fib.U,

passengers

was 744,000, while

I860.

Feb. ]«, laes.

Banktof
eoid.

on

less

ordinary fixed charges.

Wuk tndint rtb. IS, 1880.

as a

for on 29 millions of stock

very favorable showing,

201

TotaL

auvtr.

aou.

Mirsr.

e

lotaL

»

KuRland
France

21.718,768

81,718.708

82,18lt.393

88. 1 24.803

40.268.!i8S 4S.I2S.SeS

8g,.sei,5ie

Germany

02.188.957

30,303.334

44,512,168 47.SiM.78»
88,460.667 14,080,3.iS

jwoi.oac

45.305.00(

Aast.-Hung'y

B.89fl,00« ie.B28,00<

81,484,00'

Netherlands..
Nat. Belgium.

b.OU2.000

7..S66,00(

12,457,001

2.810,000

1.308.00*

3.924.001

Tot. this

week

6.681.000 14.6S5.00<
4,358,000 8.20»,00'
8,741,000

l,J.71,0Oc

42,.'U 1,000
21.316,000

13,961,000
4,112,000

:;:
105,7W,37»' 88.488
9 184.220.308 108.873.228
85.952.122 194.835,350
106.383.i;0l!r8.1«a.9-sili;3i508!271) 107.708.786185.035.829 193.339.615

Tot.prev.Wk.

ly

Tierotumforlho National Bank of Italy la this week and wiU
hereafter be omitted from our labK 7he flifures can no
longer be
owalned, their supprefsion being generally ascribed to Governmental

TIfB

BURLINGTON'S PAMPHLET AND THE
PRESIDENT'S AGREEMENT.

in the same period the freight movement has increased
The most cheerless, depressing pamphlet* we have
from 1,260,000 tons to 2,354,000 tons— that is, in two
years the local business, both passenger and freight, has read for a long time, is one which has found wide circulation this week, containing what are said to be sample
nearly doubled.
If we compare with 1884, when only
660,000 tons of local freight were moved, the volume of letters received by the Chicago Burlington & Quincy,
and the replies to these letters made by its officers.
the tonnage now is over 3| times as great.
During
1888 the rolling stock was increased by 24 engines. 11 One aged widow with a little Burlington stock as her
pas.senger cars, 63 caboose and 1,478 freight cars, and sole dependence; a man who declares himself as "too
old to earn his living," and yet if his dividends stop he
still the reports are that the company has more business
will be "left almost penniless;" a larger and richer
than it can handle.
stockholder
less dependent but equally anxious;— these
The stock market this week has shown the same charare
picked
out for publication from among quite a
acteristics as in other recent weeks, only that some
of

the features have been a

little

more strongly developed.

number

of

letters

addressed to the leading

officers,

There has been great strength in the general market, "officially or otherwise," expressing great fear and
offset by increasing weakness in some of the Western earnestly begging for a word of promise or a hint as to
stocks.
Burlington & Quincy, Illinois Central, and in future prospects.
No doubt such letters make a dark enough picture as
minor degree also Rock Island, have steadily and sharply
declined, the fall in the first two stocks amounting at they stand, but far more depressing are the official
one time to 10 points from the price at the beginning
of the month.
The bad December statement of earnings by the Quincy, and rumors (subsequently proved
unfounded)
that
the
next
quarterly
dividend
was
to
be
passed,
were
in
part responsible

answers sent.

Not

them very
replies

hope can we discover
we have read and re-read

a ray of

in either of them, although
attentively.

In fact the whole tenor of the

that unwise railroad building

and legislation,
and the competition which both encourage, are the cause
for
the break, but the chief and potent cause of the situation, and that there can be little use for
was the antagonistic attitude assumed by the managers effort to correct existing evils so long as our statutes
To be sure, Mr, Forbes, Chairman
of both the Quincy and the Illinois Central towards the remain unchanged.
proposed presidents' agreement.
This was interpreted of the Board of Directors, does refer to the strike and
very unfavorably to the stocks of those roads, and invest- say that the company the coming year " is comparaors and speculators alike signified their appreciation of " tively safe from that danger;" but he gives no encourthe course pursued by dumping their holdings upon the agement of any special improvement until the " laws
market.
Ordinarily the fall in such high-class and " under which we are now suffering" are amended, and
high-priced stocks would have produced a serious col- " common justice and common sense resume their sway
lapse in the general market.
As it was, outside of the " in the halls of Congress and in the State Legislagrangers there was hardly a trace of weakness, and tures." Mr. Perkins, the President, seems to lay the
certain special stocks actually manifested a contrary responsibility solely upon competition; and as the right
tendency, and sharply advanced. Such a state of things of pooling has been denied to railroads by Congress, he
evinces great confidence in the prospect upon the part of too sees no relief, but assumes that ruinous competition
must continue, with no reasonable hope for permanency
the public, and also shows a disposition to buy
properties
not affected by the demoralization in the West— a disposi- in rates.
"No doubt," he says, "we shall go on
" floundering in the dark until some new Adam Smith
tion which has been lacking heretofore.
The following statement made up from returns " comes to show us that the supreme national laws of
" trade apply to all trade, not excepting railroads.''
collected by us gives the week's receipts
and shipments
of cun-ency and gold, to and from the
Neither
of these letters says a word about the Interinterior, by the
New York banks.
State Association of Railroad Presidents now being
formed; not a word of comfort or encouragement is
Wuk endinfi Feb. 15, 18F9.
Rectivei by
Shipped by
Net Interior
If. r. Banks. tr. r. Bonks
drawn for these distressed stockholders from the fact
Movement.
Cnrrenoy.,

11,676,000

Sold

_jrotaI gold and legal tenders...

tl,fl76,noo

With the Sub-Treasury
as follows.

1 1, 201, OOP
404,000
tl.BO!5.noa

operations, the

Gain.

|77S,000

IjOSS.

404.01)0

Qaln.

t.lTl.OOO

result

is

as

is

that the preliminary agreement has been in successful
operation nearly two months; on the contrary, Mr.
* It appears by an endorsement on the pamphlet
that these letters
were published in the Boston Daily Advertiter of Jannary 25, 1889, but

they escaped our notioe there.

^

THE CHRONICLE.

202

of
PerkinTdashes any possible hope which a knowledge
stocktroubled
some
that effort might have encouraged
" under
holder to entertain, by saying in substance that
" the law" it is no easier for the railroads to maintain
to disarm by
rates by agreement than it is for Europe

iVoL.

xLvni

scheme was begvm, and being begun it set in^motion and
'
^
—gave a certain kind' of' excuse for a species of cut-throat
railroad building which in rivalry and extent has never
had its like in this country. May not the Burlington,
'

-.

to have been the originating cause
railroad problem which confronts
troublesome
of the
agreement.
should not an application to
hence
and
us
to-day,
These letters have a special significance in connection
rectify
the situation appeal to it
to
effort
in
an
the
Join
during
with the reports which have been current
the effect on its own conBesides,
?
force
with
special
rates
establish
past week that the present attempt to
survival
theory calls loudly for a
competitive
dition
of
the
of
a
opposition
of
the
was going to prove futile because
when the BurlingAugust,
of
1885,
week
last
halt.
The
Chicago
the
was
which
very few roads, chief among
although
its " determination," its stock
ton
announced
Chicago
the
half
other
its
with
Burlington & Quincy
sold as high as
it that the that was a period of general depression
has
rumor
fact,
In
Northern.
&
Burlington
when the Northern road
the latter has been to Boston this week to 134; and in November, 1886,

therefore, be said

—

—

President of
was 138 and 141 and even higher
get his orders as to signing the agreement, and has come was opened, the range
intervening before the new free
months
few
away determined not to sign it. To judge fairly of the next
Since that point was reached
order.
working
in
Association
lance
was
this
such action, one should remember that
the Burlington property
for
quotation
the
of
of
course
majority
the
large
simply
a
which is seeking signatures is
all
our leading roads desiring to make the best of the situ- has been almost steadily downward, touching, as we
claim
this
week
99.
Some
may
time
one
at
plan
know,
The
changed.
can
be
law
until
the
ation as it is,
agreed upon was adopted after mature deliberation at a that the more recent change is owing to the strike.
A strike is a temporconference attended by a large number of the ablest rail- That is so only in a minor degree.
road managers in the country, among which were the Pres- ary affair which any road otherwise in healthy condition

ident and a director of the Burlington

&

Quincy.

Had a

quickly recovers from; but a situation in which hostility
with one's neighbors is a necessity of existence, as is the

more promising scheme been proposed by any one it
would have commended itself to those gathered there, case with the Burlington's proteg6, and on that account,
and have been as heartily supported. The only question with the Burlington itself, cannot be recovered from
is then, whether this effort to harmonize discordant inter- until the thorn is removed or its influence in some manests shall be put into operation, and those poor stock- ner neutralized.
One other thought Mr. Perkins' letter suggests. His
holders have a chance, or whether the roads, regardless
of the owners' interests, shall fall back on Mr. Perkins' first statement is a protest against the idea of the comidea of general competition and survival of the fittest plaining stockholder that subordinate officials of the
road are running a mad race to see who " can first
until the laws can be changed?
We presume the real reason for the Burlington's oppo- "destroy his property." In reply, Mr. Perkins says
sition, if it dared to state it, would be found in its that " if there is any blame to be attached to railroad
" Northern " venture. That road cannot stand alone; it " managers, it belongs, I think, to the head and not to
has no considerable local business, and, in fact, no through " the subordinates. I am certainly responsible for the
business except such as

its connection with the parent road
on which the rate for its part of the haul can be
fixed at any portion of the total rate the Burlington sees
fit to grant.
The earnings of the two roads for December,
published this week, have suggested that perhaps the
share of the Northern was made needfully large durino-

gives

it,

that period.

Examining the history

of the enterprise

is

an instructive study now, for the Burlington's distressed
condition is very far from a riddle.
In the light of the
facts as they have developed since August, 1885, when
we wrote an article (Chkonicle, Aug. 29, 1885, page
231) entitled " The latest manifestation of the paralleling mania," there can be no room at all for question.
It was at that time that the Burlington announced its
determination (theretofore merely a rumor) to aid in
the construction of the Northern road to St. Paul. Say

what one may with regard
for the present situation,
article

we have

it

to other contributing causes
is

impossible to read the
by the way was simplv

referred to (which

a full recital of the facts affecting, and the surroundings
which would be affected by, the Burlington's new enter-

without being convinced of the fatality of
Burlington's course.

prise)

of the Chicago Burlington & Quincy,
" and if that management is bad or unsatisfactory, I
" and not those under me must shoulder the responsi"bility." All this has an air of generosity and selfabnegation. But it simply conceals the real issue. There
" subordinate officials " have done
is a view in which
much harm, and which the Presidents' agreement among

"management

It is very true that
other things is intended to remedy.
these subordinates are not in one sense " to blame " for

"heads" could have prevented
through
which
has
only grown up
a
So far Mr. Perkins is correct. But
their permission.
to us his statement seems disingenuous, because though
Every railroad
correct in the letter, in spirit it is not.
manager knows that the ease with which rates are
changed by traffic agents, on mere suspicion, without
full inquiry and without full consultation with the
This un"heads," contributes to their instability.
restrained action by them has produced a chronic state
even

this,

since the

practice

of insecurity,

often precipitating rate wars.

It is a

system grown into railroad practice, only because disthe honesty and cheating and disregard of agreements is
assumed to be the normal state of railroad manage-

Recall the situation of that day.
Financial interests ment.
The service the railroad has to sell is, as Mr.
just been experiencing the distressing
West Shore Perkins states, a commodity which cannot be stowed
incident.
With its settlement, then almost achieved,
away and kept for a better market; so when, for
discord had been well nigh eliminated from
railroad instance, a road has empty cars going west to get corn
circles, while the teaching of that contest
and disaster to bring east, the traffic agent does not stop to see what
was so fresh in mind that it would seem as if the
bold- agreement is in force, but he sells that space at any
est of men ought to have hesitated before entering
upon price he can get.
another such a work. Yet with these surroundings.
Is such a practice, is such a power as that in the hands
and under these conditions, the Burlington's paralleling
pf subordinates, consistent with stable rates ?

had

.

F.BRDARY

16,

THE CHRONICLE.

18^0,]

203

however, that the December expenses in 1887 ha<l been
standing at $472,482,
against $300,070 in 1886, and $240,847 in 1885, so that
Never has there been so great desire to see the results a return now to figures more nearly normal was not
As it is, the 1888
the railroad systems west of Chicago only natural but to be expected.
t)f operations on
for the month are $108,000 in excess of those
expenses
the
figures
which,
Therefore
moment.
present
the
at
as
according to our practice for a great many years for 1885, with the gross earnings slightly less.
Uniting the results for the la.8t half with those of the
past, wo present to-day in relation to the St. Paul &

NORTHWEST AND THE OMAHA
HAVE FARED.

IfDW rilE

Northwestern will be more than first half of the year, wo get the following interesting
As is known, while both compa- exhibit covering the full twelve months.

&

Onuiha and Chicago
ordinarily welcome.

the same interest, the

nies are controlled in

of the Northwest ends

December

May

and that

31

is

possible that

— at least

it

Omaha

road

not be ready for some weeks.

Avill

may

Western
records, and thus

in

fire

destroying we believe some of

St.

its

its

office,
it

may

Paul a Omalw.

1888.

Inc. or Dec.

1887.

12 Mos. eu'tino Dec. 31.
Oross ourulngs
Kxpeuses.... ..................

6,414,422
4,653,234

6,940,873 Deo.
4,633,616 Inr.

526,451
21,619

Net earnings

1,759.188

2,307,258 Deo.

548,070

Thus

delayed beyond the usual

be

that would be quite natural considering

company had a

that the

year

Omaha

31.

for the calendar year
It

fiscal

of the

In the ordinary course, the report of the

time

extraordinarily heavy, the total

for

«

$

the year expenses were slightly heavier

($21,619), and

the gross having diminished $526,451
$548,070 less than in 1887. Gross in the
previous year had increased no less than $787,000, so
the net

is

the falling off of half a million in 1888 is perhaps not
annual pamphlet report. Gross earnings are very remarkable, but the expenses are the largest ever
given out regularly each month, but nothing has been reached in any calendar year, and hence the net is
published as regards the net results for 1888 tffeyond the smaller than for a long time past.
Having the net earnings, it will be interesting to go
statement for the first six months contained in our issue
one
step further and consider them in their relation to
This
statement
for
the
first
half
of
the
October
Gth.
of
be more difficult to prepare the usual statistics contained

in the

now

year we are

supplement by the following,

able to

giving the gross and net earnings by months for the

second half of the year.

charges and dividends.

The company reduced

half year's earnings four par cant for the twelve
Paul

Omaha.

Inc. or Der.

1888.

1887.

*Jros8 earnings

550,630

561,035 Deo.

lOxponses

392,0B»1
158,5621

605.5081

St.

it

.

Kxpenses
Net..

September.
<lro33 earnings
K.xiwnses
Net..

370,651; Inc.

190,384|Dec.

31,822

411.632

591,798iIno.
408,4731 Inc.

13,710
3,159

having been $1,388,699, for 1886 $1,390,630,
and for 1885 $1,376,596. The company reported to the
Stock Exchange last July that it had sold $492,000 of

193,8761

183,325 Inc.

10,551

650.801
423,966

701 ,768 Deo.
424,013lDec.

50,967

226,833

277,753 Dec.

50,920

47

Net..

741,748
439,514

775,558 Dec.
442,881 Deo.

33,810
3,367

302,234

332,677 Dec.

30,443

615,790
388,966

718,548 Deo.
436,486 Dec.

102,758
47,520

Jfovember.

Gr

iss

these have not varied

earnings

Expenses
Net.,

226,824

282,062|Dec.

55,238

Deeember.
<ir^8s earnlugo

4.">7,576|

599,165 Dec.

141,589

Kxpeoses

349,3931

472,482, Deo.

123,0,S9

108,183

126,683 Dec.

18,500

Kxpen^ed...

3,622,0531
2,405,5391

3,947,872 Dec.
2,554,'J86 Deo.

325,819
149,447

Net.

1,216,314'

l,392,886Dec.

176.372

Net..

Six ilontlis
Oross earnings

much

interest,

of late years, the net

amount

for 1887

The interest on this
bonds would be $29,520. If, therefore, we
add $30,000 to the 1887 charges it would seem as if we
its

consolidated 6 per cent bonds.

amount

of

could not be very far astray.

premium on

Expensed

With

reference to the fixed charges for rentals

October.

<iross earnings

and

10,405
21,417

A UfJUSt.
«Jro88 earnings-...

months,

against six per cent paid out of the 1887 earnings.

July.

Net.

its last

semi-annual dividend on the preferred stock to one per
cent, making with the three per cent paid out of the first

It

is

possible that the

the bonds sold (they are quoted at

121@122

on the Exchange) may affect the result somewhat, but
we make no allowance for it. There remains only the
item of cash received from land sales to be considered.
We have nothing to indicate what this amounts to for
the calendar year, but for the twelve months ending
June 30, 1888, the total was much less than that reported
for the calendar year 1887 in the company's annual
report.
Taking the total for these twelve months as
furnishing the latest figures that can be obtained, and
calculating the charges for interest, &c., as above, the

following would be the outcome of the year's operations.

should be distinctly understood that the statement is
official in the particulars mentioned, being merely
better in the last six months than in the first six an attempt on our part to furnish an idea of the probamonths. In fact, all things considering, the statement ble character of the forthcoming report.
It

From

this

it

appears that the company did very

much

a remarkably good one.
Barring the month of
August, the net has declined every month as compared
with the previous year; the total falling off, however,

not

is

for the half year

is

the preceding half
#325,819,

but

has

8U Paul

Calendar Tear.
Net earnings .............

year.

been

The

loss

in the

attended by a
it is

on

gross

1888.

S

liu. or Dec.

1887.

$
2,307,258
1,388,699

Dec. 548,070

•1,418,699

340,489
1565,260

918,559
654,501

Deo. 578.070
Deo. 89,241

905,749
Total
Dividends on pret. stock.. (4%) 450,272

1,573,060

(6%) 675,408

Dec. 667,311
Deo. 225,136

897,652

Deo. 442,175

is

Cash from land sales

1,7.=.9.188

Inc.

30,000

decrease of

this account that the

decline in the net

is comparatively so small.
The bulk
of the saving in expenses was effected in the last month

(December), and the net result for that month

—

OmaAa.

only 1176,372, against «371,G98 in

1149,447 in expenses, and

occasion surprise.

it

will

AVith a loss of $141,589 in gross

455,477

Surplus

Taken same as
new bonds sold.
*

1

in jear preceding, with

$30,000 added to represent

Amount for 12 months ending Juno 30, 1888— latest

The most

figures to hand.

interesting point disclosed by this exhibit

earnings the largest falling off for any month of the is, that notwithstanding the great falling off in net
year— the net has decreased only $18,500, owing to a earnings, the company on the charges given had a
reduction of $123,089 iu expenses. Kxamiuation shows, balance of $340,489 from the ordinary operations of the

.

THE CHRONICLE.

204

[Vol.

XLVm.

$100,000.
Alrequired for the twelve months earned a surplus of over
road, out of which to pay the $450,272
make
Omaha
an
and
the
Northwest
stock ; it is pos- together, both the
4 per cent dividends on the preferred
depression
unparalleled
of
year
for
a
showing
will be even better than excellent
sible that the official statement
is in railroad affairs in that section of the country.
there
sales,
land
from
income
in the

Counting

this.

dividend, and the
$906,000 with which to pay the
cent actually paid
per
4
the
above
surplus remaining
above
stands at $455,000, against a surplus of $897,000

the 6 per cent dividends in 1887.
As regards the Chicago & Northwestern, since the
for the
company's fiscal year ends May 31, the results
were
they
as
interest,
five months possess little
first

included in the

last

annual

report.

In the following,

we give simply the figures for December and
to the end of December. It is proper
months
the seven

therefore,

in this
to say that part of these figures (though not
form) have already been published by Messrs. Dow,
Jones & Co., in their daily circular, their statement

having evidently come to hand
Chicago

<C

250,936
158,953

872,657 Dec...

91,983

16,642,5231 17,507,106 Dec...
10,109,044 9,627,322 Inc..

864,583
481,722

Dee. 31.

Gross earnings

!

Expenses

.

...r 6.533,479'

Net

As

Inc. or Dec.

2,191,563 Dec.
1,318,906 Deo.

780,674

Ket earnings.

than ours.

in the case of the

As foreshadowed by our preliminary

7.879,784 Dec. ..1.346,305

Omaha, expenses were

largely re-

figures last week,

the exhibit of gross earnings for January is quite favorThere is a gain of $2,309,922 over the same
able.

month

year on the

last

118 roads embraced in our

roads altogether which
results are based on a
year's
This
show a
larger extent of road, but the increase in mileage is
only 4f per cent, whereas the increase in earnings is 9f
Two roads have very large amounts of gain,
per cent.
namely the Northern Pacific $400,000, and the St. Paul

table,

and there are only 25
decrease.

over $200,000;

would be

still,

even with these omitted, the result

satisfactory.

As contrasted with a year

ago, the conditions this

much more

year were on the whole

1,940,627
1,159,953

Expenses

1 lo

1887.

1888.

Nortlncestern.

Dteemher.
Oross earnings

June

a little earlier

RAILROAD GROSS EARNINGS IN JANUARY.

Take

favorable.

This constituted a serious drawback
first the weather.
to railroad operations in January, 1888, both in the
East and the West, several snowstorms occurring during
In contradistinction the weather the pres-

the month.

ent year has been exceptionally mild, not a single case
of interruption from snow blockades having come to

our knowledge.

Then

last year the

also

roads in the

December, and on a loss of $250,936 in the gross
the decrease in net is only $91,983. For the seven mouths
duced

in

Northwest and Southwest were at war, with rates at
very low figures and tending still lower. This year there
of the fiscal year, however, expenses are nearly half a milhas been peace; the presidents' agreement has not yet
lion heavier than in 1887, so the net shows a falling off been signed, but rates have been well maintained everyof $1,340,305. Western railroad affairs are unsettled yet,
where since the first of January. Another unfavorable
but it is not impossible that some part of this loss may circumstance existed a year ago. We refer to the
The result abstention from work by the miners in the anthracite
be recovered in the remaining five months.
in the same five months last year was certainly as bad
It will be remembered that besides the
coal regions.

could be, net standing at only $2,140,975,
against $3,250,675 in the corresponding five months of

as

it

well

strike in the

Lehigh region, which had been in progress

some time, a strike prevailed in the Schuylkill
region at the mines of the Philadelphia & Eeading.
There were no strikes this year; as our table, however,
The does not contain any of the large or important coal
for

1887, and this of course increases the chances of an im-

proved exhibit.
There is one other point worth considering.
company has not reduced its dividends. Were the earnings sufficient to meet those dividends? The follow-

carriers, the

matter perhaps

is

moment

not of very great

in this review.

ing, covering the results for the calendar year, furnishes

There have been some other advantages in favor of
In addition to the 1888
The month contained one less Sunthe current year.
figures we also give those for 1887 and for 1884, the
day, and consequently one working day more, than the
latter having been a poor year like the last.
same month of 1888. Besides this, there was a heavier
Twelvt Mtmths Ending December 31.
movement of cotton and of grain. In the case of the
Ohieago <t NoHhmtsUm.
1888.
1887.
1884.
latter item, the improvement is very slight, and only
Hiles of road end of year.
4,250
But in the case of
4,209
3,843
special roads have shared in it.
$
$
been very decided,
Gross earnings
has
25,832,975
27,140,725
increase
in
volume
23,491,898 cotlon, the

the answer to this question.

Operating expenses and taxes

Met earnings.

17,152,521

16,010,266

14,099,939

8,680,454

11,130,459

9,391,959

5,275,258

5,165,048

4,707,290
1,080,832

58,006

'58,000

5,333,258

5,223,048

3,347,196
3,430,079

—82,883

Charget—
Interest (less credits)

BeBtals
.
Sinking timds
Total.

Balance (or stock.
Dividends

.

as the following table in our usual form will indicate.
KK0BIPT8 OF COTTON AT SOUTHERN PORTS IN JAKDARY, 1889, 1888,
1887, 1886, 1885 AND 1884.
January.
Portt.
1886.

5,788,122

Galveston

5,907,411
3,462,142

3,603,837
3,464,917

New Orleans

2,445,269

138,920

I

bales..

4c

El Paso,

Mobile

Borplus

Fnnded debt December 31 .. 105,120,500 101,077„500
89.900,500
Note.— Dividend paymenU above cover 7 per cent on preferred and
6 per cent on common (or 1888 and 1887, and 8 on preferred and 7 on

common

in 1884.

Hence the company, though

losing $2,450,000 in net

Florida

Savannah
Bmnswlok, &c
Cbarleaton
PortRoyaJ, &c

Wilmington
Washlogton,

dec

1885.

1888.

1884.

65,190
8,134

47,422

66,419

C4,647

32,990

~61,288

407

£46,664
37,175
2,809
75,373
30,515
38,583
3,028
11.548
1,303
38.679
65,890

190,813
28,458
1,587
61,371

873,789
31,146
4,498
61,030
2,574

209,498

183,631

46,041

29,435
12,922
62,69a

335
173,775
22,735
4,668
47,507

7,168
30,839

965
10,065
674|

42,9/8
52,927

26,866
1,420
11,625
271
58,082
37,182

6,688

56,857
1,861

756

498

23,817

32,808

81,685

1,216

829

1,616

7,378

7,187

6,538

948

1,461

568

46,931

65,049

67,798

income (as compared with the previous calendar year), Norfolk Point, &o
14,903
18,857
24,180
West
earned the dividends substantially in full, the deficiency
428,861
644,885 474,7651 674.942 480.012 429.268
Total
being less than $100,000. And this is independent of the
Thus the receipts were 644,865 bales this year, against
receipts from land sales, which in the twelve months only 474,765 bales last year, being an addition of 170,100
ending May 31, 1888, reached $491,013, besides which bales
besides this, the gross movement overland
.

;

the trans-Missouri lines (not included in any of the reached 222,688 bales, against 160,234 bales, or aa
above returns) on their own operations had in the same increase of 62,454 bales.
Altogether, therefore, the

I

Febkuakt

Ifl.

,
.

THE CHRONICLE.

1868.J

205

Not
It thus appears that the aggregate receipts of the difwas gen- ferent cereals at Chicago in January, 1889, were slightly
This is li million
eral, every one of the ports, as will be seen, showing in excess of 8^ million bushels.
bushels better than in 1888, but nearly 2f millions less
augmented receipts as compared with last year.
In the grain receipts at the ^\'est, the increase in tlie than in either 1885 or 1884, showing that the movement
The corn receipts were only
aggregate, as already intimated, is quite small. Taking was by no means large.
all the cereals together, the total at the nine leading 3f million bushels, against over 5 million bushels in

movement was 232,554

bales in excess of last year.

was the increase large, but

only, however,

up 23,473,622 bushels

lake and river ports foots

the

weeks ended February 2

five

it

for

1889, against

in

20,811,034 bushels in the corresponding period of 1888.
But the receipts of flour were only 590,118 barrels,

and allowing for

against 1,007,301 barrels,

this falling

the combined total of flour and gi-ain as expressed in

off,

bushels would not be very greatly different in the two

Here

years.

WEEKS ENDED FEBRUARY

RECEIFTS OF FLODB AKD ORAiM FOR FIVE
Hour,

Cbm,
(blMM

Wlieat,
ibtuk.)

ibbU.)

Oatt,
(buih.)

2.

Barim,

live,

(bwh.)

(btuh.)

OMcooo—
1J^9
1888

4.314.285
8,325.498

667,895
787,698

304,273
879,711

2.953.411
8,764,058

1,633.517
1.230,190

152 8112
121,282

MUwauku—
1889

18^

131,727
195,930

456.B09
639.813

195,530
80,820

220,000
154,000

806,350
390,340

74,306
88.296

141.347
241.656

5.202.850
2.443.880

788,550
1,071.466

205.627
184.200

10.832
1S.7T7

189.402
186,277

296,637
165.222

34,218
23,071

7.040
3,946

10,989
19,136

211.8.33

280,937

311.259
99.844

131,108
71,646

78,686
103,210

26,444
17,880

208.S76
189,»12

72,488
108,835

119.966
157,315

44.814
46,322

3,P95

8,020
3,251

78.500
88.500

1,188,450
1,571,700

674.000
1,243,400

121.200
115,200

59,300
58.300

4.920.850
5.484.935
4.831.044

2.792,104
2.0r3.408
2.324.497

274,980
805,871
143.950

99 944

St.Loutt—
1889

19 250

Toltda1889
1888

3.624

9 826

Detroit—
1889
1888
lf89
1888

147

PMrta—
1889
1888

2>uiutV1889

455.797
422,460

29,527

1888

Minn^apolla—
1,619.080
2,434,230

:...

ToUUof aO—
1889

696,118

1888.

1,007,361
1,013,229

1887'
*

3,604,529
5.151.421
6.531.698

11.581.299
7,795.379
8.363.234

MinnoDpolis not included in tUis year.

Com
cereals

and barley show an increase

The

a decrease.

all

;

the other

loss of course is heaviest in

wheat {1^ million bushels), and the more noteworthy
because of the concurrent heavy contraction in flour.
Counting the latter at its usual equivalent in wheat, the
total falling off in wheat and flour is over 3 million
bushels.

The

reasons for the smaller

course perfectly obvious.

movement

are of

operated to retard shipments.
St. Louis has benefitted
most from the larger movement, the bulk of the increase
being found at that point. At Chicago, the increase is
less than a million bushels
not enough to offset the
loss in wheat and flour.
Chicago being the head centre

—

for the roads in the

Northwest,

movement

The following table
month for six years.

will

it

be interesting to

at that point a little

more

closely.

exhibits the receipts for the even

RECEIPTS AT CHICAGO DCRINO JANUARY.
BetHptt.
1889.

Whe«l. bash
Corn bush.
0aU...bash.
.

.

Bje....bn5h.
Barley.bnah.

1883.

517.017

885,977

3.0M.697
2.625.188

1887.

1886.

1

1.093.485

400,630

3,870.238

3.374.219

2,353,7171

2.281.022'

2.746.844

1,887.707'

18S5.

I8»l.

2,146,10T
6,024,682
2.451.873

2,348.359

1.515.121

6.0S5.287

124.816

103.149

40.722

1.407,742

1.075.217

1.141.108

1.107,931

07,668
1,280,458

260,463
771,087

Total grain
Flour. ..bbls.

8.869.810

7,015,803

8.898.376

6,980.124

10,8(0,586

288. lOT

572.254

886.»26

177AI0

6,187

6,786
13,042,205

9,173

2.664

21,912,040
10,635,442
5I1.S87

14,974,780

489,703
9,039
20,990.918
9,910,424

10,979,100
479.486

Porlc.bbls.
Cnt m'ta.lbs.
l«rd....ib!..

LlTohoB-NV

19,215.158

6.761,712
48S.K87

6,269,501

514.734

Though

movement was,

the grain

as

were 290,000 barrels less, equivalent to 1,305,000 bushIt remains to be stated, too, that the falling off in

els.

been entirely in the spring variety, the
wheat having increased.
Bearing

wheat has

'

in

mind that spring wheat comes

59.1391

8.175,402
857.753

773.073^

3.799

12,818,rj3
7,869.(195

550.937

from

exclusively

the Northwest, and that in addition to the loss at

Chicago, there was a very heavy falling off at Minneapolis,

and

al*o a falling off in

Milwaukee,

both flour and wheat at

easy to see that the roads in that sec-

it is

tion of the country must have been adversely affected
on that account. Note further that the provisions
movement, though larger than last year in some of its
items (cutmeats and lard), compares poorly with most
other years, while the receipts of live hogs were the
for

all

the years given,

standing

only

at

483,087, against 584,734 in 1888, and 773,073 in 1885.

While in general, therefore, circumstances and consome noteworthy
exceptions, and all roads have not fared alike.
Moreover, the mild weather, though an advantage in conducting railroad operations, has been a drawback to
some lines of trade and business, restricting and interditions have been favorable, there are

winter work.
Then it
borne in mind that notwithstanding all the

fering with certain kinds of

must

also be

adverse influences which prevailed a year ago, our table

then showed an increase of $799,533, while in the year
preceding there had been an increase of 13,828,885, so
that the present gain of $2,309,932 comes on top of
these additions in the two previous years.

summary

of the

On

account of the diminished
crop last season, there was less to come forward, while
at the same time there was scarcely any export demand.
On the other hand, the corn movement, though larger
than last year, has also been somewhat disappointing.
In this case, low prices have induced the withholding of
supplies by farmers, while the soft condition of the
country roads (on account of the mild winter) also

study the

last year.

least as regards the

stated, 1 1-3 million bushels heavier, the flour receipts

smallest

Olewtond—

1889
1888

with

Another
comparison

million bushels in 1884.

worth noting, at

is

receipts of winter

our usual table.

is

1885, and over

point

January

results

Below

MtUage.

Earnings.

Tear

Tear

Tear

Qiven,

PrecediriQ.

Gtven.

Tear
I

miu.
roads)'
roads)!

roads)!

roads)
roads))

Jan., 1886 (84 roads)

Jan., 1887,97 roads!
Jan., 1888(101 roads)
Jan.,1889 (118 roads)!

30,140
41,559
47,43J
38,298

51,483
45,906
56,127.
80,643'

70,788

i

Dtcreaa*.

Precedino.l

I

«

12,842,1B3

10.127.0:i;jnc, 2.715.092

25,771

12,329,852

I1.185,429|/n<, 1,144,423

86,815
43,277

18.097.011

1 4,508.048'

19.602,438

18.225,763

34,720
49,579
44.882
53,592
57,711
67,5*4

12,943.105
17,798.038

12,973,95l|fl(!<;.

13.553.048

14,685,336 Dec. 1,012,288
18.371,020 Ine, 3,828,885
20,873.49il|l7«;,
799.523

1880 (41 roads)

1881(45
1882 (52
1883 (61
1884 (51
Jan., 1885 (70

a

Incrtateor

Pariod.

Jan.,
Jan.,
Jan..
Jan..
Jan..

is

back to 1880.

22,199,905
21.673.010
26,388,786

iM
/«

3,688,963
1,376,676

80,849
825,187

18.972.889|rTw;,

2<,028,8esl Jne

2.309,92S

The Northern Pacific has of course done better than
any other road, its gain being $410,000, or nearly 00 per
cent; and the other Pacific roads have also done well. On
the Southern roads the improvement is likewise marked,
especially if we have regard to a steady gain year after
year.
Out of over 25 roads which have reported for
the month, only two (not counting the Texas & Pacific
which is classed with the Southwestern roads) show
Of
diminished earnings as compared with last year.
course, the heavy cotton movement has been quite an
aid this time; but, apart from that, great industrial
development is going on in the South, and this is being
reflected in an increasing traffic on the lines traversing
that part of the country.

It

mention any special roads, but

is

hardly necessary to

as types of the gre^t

increase in earnings that has occurred, the Erlanger,
Louisville

&

Nashville,

and Richmond & Danville

sys-

—

.. ..
...

THE CHRONICLE.

206

The Mobile & Ohio for a time
seems to be coming to the
now
but
lagged behind,
is a comparison for six
Here
rest.
front with the
be observed that these
will
It
roads.
eight
years on
in January, 1889,
$4,498,849
earned
roads
eight

tenis

may be

OROSS EABMIKGS AND MILEAGE IN JANUARY.

cited.

in

against only $2,904,641

five

January, 1884,

years

[Vol. XLVllI.

Qross Earnings.

Name

of Road.

January,

1888.

(

t
160,7fO

1887.

1

1888.

1885.

1884.

8,675
275,302
17O,-20f»

»

(

t

115,518
437,120

117,865

104,fi94

Ches.Oblo & 8.WC111.N. 0. A Tex. P
B.Teini.Va.&Ga..

167,610
6UI.458
4P2,02E

5S2.713
469.444

324,031

427,8»B

jMoUraie i Naab.
Memphis & Cbar..

1,385,985

l,8C6.817

l,227.789j 1.050,686

1,170.750

157.840

156.216

115.167

141,386

202,21')

236,015
279,305

840,071

893,828

184,263
218,907
683.622

t201,6Sl

349.144

676,663

571,290

4,069,729

3,741.105

3,040,143

3,399,238

2,904,641

160,022
281.433
382.213
93-,072

Mobile ftObia
Norfolk A West. ..
Blob. A DaoT. sjs.

4.498.849

Total

Cape Fear & Yad. Val.

&

Charlotte Col.

*
145,600
674,945
422,4S7

416,202

1,039,317

229,25,i

• Includes all the lines embraced in the Erlanger system.
+ Not includioB St. Louis A Cairo.

Clies.

reference to the trunk lines, the New York
Central and the Clev. Col. Cin. & Ind. have trifling
and unimportant losses, but the Grand Trunk has a
considerable gain (after a loss the previous year, however), and the other Western through lines, like Cin-

&

Auj:.

Ohio&Soutliw.

Cliicago & Atlantic.
Clilcago &East m. ..
CUic. & Ind. Coal
Chic. Milw. ASt. Paul.
Chicago cfe Ohio Rircr.
Chic. 8t. P. & Kans.C.
Chic. & West Mich. ...
Cin. Ind.St.L. &Chi.
Cln. Jaclfson &. Macli
Cin. N.O. & Tex. Pac.
Alabama Ot. South.
M. O. & North East.
. -

Vlckab.

With

& Meridian

Vlclisb.Sh. *Pao...
Ft. W...
Cln. Rich.
Cin. Wash. * Bait....
Clev. Akron A Col....
Clev. Col. C. & Ind...
Cleve. & Marietta

&

—

Colorado Midland
Columb. & Cieenv...
Col.&Cnn.Mi(Uand...
Col. Hocii. v.

&

Tol...

Dayt. Ft.W. &Chio..
Dear. A Rio Grande
Denv. & R. O. West..

Washington &
Bay C. Jk Alpena
In fact, nearly all roads in the Det.
etc., also have gains.
Detroit Lan9'K& No
8. Shore & Atl..
Middle Western States show improvement this class of Dul.
East Tenn. Va. & Ga.
& Tnd'nap's
companies being exceptionally well represented, too, in Evansv.
Evansv. &T. Haute..
our table; only a few minor roads among them FUnt & Pere Marq.
Fla. R'y <feNav. Co...
show losses, and these generally coal carriers which Ft. W. & Denv. City
Denv. Tcx. & Gulf
have been affected adversely by the mild weather. GerKla Pacific
Gr. Rapids & Ind'a..
We annex a comparison on a few leading lines for Other lines
Baltimore, Ohio

cinnati

Mississippi,

—

..

.

.

Grand Trunk ol Can.

six years.

Houst.

& Tox.

Humeston &
111.

Jantutrv.

1887.

1888.

1885.

t

«

»

1889.

1888.

t
168,612

t
156,719

84,851-

135.883
83.834

127,031

91,691

1884.

Cln.Ind.St.l,.&C-

228.965

82,111
204,932

216,168

195.995

203,444

cm. Wash, t

Bait.

179,344

170,000

182,861

145,665

CoI.H. V.ftTol...
Det. Lansinn & No.
BTansT.i Terre H.

210,092

205.222

223.565

158,238
165.SS4

71.197

60,613

74.417

166,936
7i,827

»
125.455
105.427
170,318
145,615
207,928

73.949

90.471

67,700

54,610
172,904

51.423

44,185

201.77*1

64,315
194,396

46.283

Flint* P.Marq..
"Grand Rap.* Ind.
Ohio * Misslstlpp-

152,094

143,850

186,792

208,481
317,656

188,735
304.827

179,5!2
2g5,219

148,279
274,180

131,569
800,301

161,9C5
802,115

1,713.425

1,638.030

:,e39,i88

1,416,976

1,480,750

1,513,191

Chicago AEast.in.
Chic.

4 W.

Mich..

Total
*

AU

153,083

74.028

Unes.

In the Northweetj'the St. Paul has quite a large gain,
and the Milwaukee & Northern, Milwaukee Lake Shore
& Western, and Chicago St. Paul & Kansas City, are
distinguished in the same way.
The other roads in
that section, however, have either only small gains or
show losses, the Manitoba, Minneapolis & St. Louis,
Burlington Cedar Eapids & Northern, Humeston &
Shenandoah and Keokuk & Western all belonging to
that category.
Subjoined is an exhibit for six years on
some of the more prominent lines.
January.

1889.

Bar. C. Rap.* Nor.

CWo. Mil. * St.
Iowa Central

8t.

.

Paul
Paul M. 4 Man.
Total

8i>5.628

t
208.215

1,656.000

1,452,046

1 ii',89s

I

4 St. L.
4 Duluth

Minneap.
St.

P.

1888.

1

I

1

98.87!i

1887.

1886.

t
220,208
1,400.239
109.416
117.815

1888.

1834.

$

S
177,563

223.719

213,863

1.115,174

1,517,397

1,467,097

82.907

86,247
122,562

113,702

73.605

57,123

81,380

t

!-3.00o

86.800

61,963
894,000

64,611
48«,121

489,251

405.539

462,125

453,570

2.513.083

2,392,095

2,495,816

2,242,000

2.493,430

2,152,154

98.857

183,128
71,194

In the Southwest and Texas, only the Texas
& Pacific
Missouri Kansas & Texas, Kansas City
Clinton &
Springfield, and Little Rock & Memphis,
fall behind,
the loss being unimportant except in
the case of the
road last mentioned, which for
exceptional reasons is
«loing

Cent
onan
.

Si

Cent.(IlLJ[8.Div

)

Cedar Falls & Minn.
§Dub."& Sioux City.
Ind. Dec. Ac West
Iowa Central
Kanawha & Ohio
Kan. C.Ft.S. &Mem.
Kan. C. Clin. &Sp....
Konincky Central
KeoEuk & Western
.

Klngst. & Pcmbrolio.
Lake Erie & Western
Lehlifh & Hudson
'Little

XiockA Mem..

LoDff Islaud
Louis. Evans. & St. L.
Louisville & Na^hv. ..

Louisv.N.AU). &Chio.
lx>uls.N.O.& Texas..
Marietta Col. & No. ..
Memphis & Char'ton.
Moxicau Central
Mexican National

Mexican Railway
MUw. L.Sh.&Wcst...
Milwaukee & North ..
Minn. &8t. Louis. ...
Mo. Kan. & Texas
Mobile & Ohio
Nashv. CI). &8t. L...
Natchez Jack. & Col..
N.Y.Cent. & Hud. R..
New York Ji North'n.
N.Y.Ont. AWesfrn..
Norfolk & Western. ..
Northern Pacitlo
Ohio Ind. & West. ...
Ohio & Mississippi...
Ohio River
Ohio Valley of Ky....
Orei:on R'y AN. Co..
Peoria D. c. A Evans.
PlttsburgA Western.
Presooit &, Ariz. Cent.
Rich. & AlleKhany...
uB. & Danv. system..
St Jo. & Gr. island..
8t.L.A.&T H.brchs..
at. Louis Ark. & Tex..
St. LouisA San Fran..

St Paul&liuluth....

Paul Minn. A M..
*San A. & Aran. Pass
Shenandoah Val
Sta on ItliiiidK. Tr...
TexasAPacllic
Tol.A. A. AN. Mich..
Tol. A Ohio Central...
Tol. Peoria A West ...
Tol. St. L. A Kan. C...
St.

Virginia Mid and

Wabash Western

poorly.
The St. Louis & San Francisco, Wash. 0. A Western..
WesLN. Y. APcnn...
Houston & Texas Central, Arkansas &
Western N. Carolina.
Texas, Kansas Wheeling
A L. Erie...
City Fort Scott & Memphis, etc., all
record improve- Wisconsin Central

ment over

1888.

Central

very heavy.

is

The gain on

the Houston

&

Texas

S

Buff. Rocli. &Pittsb..!

Cairo Vine. & Cliio...
Cauadi.au Paoiflo
1889.

1888.

$

AshcTlUe & Spartanl).
Atlantic APaciflc...

BurLCed. Rap.&No..;

before.

1889.

8.200
229.848
160,509
208,245
56,452
£01,205
27,920
84,700
160,760
149,729
156,749
48,620
1,432,016
3,274
121,863
82,111
204,932
33,036
277,626
136,750
75,049
46,066
47,252
29,536
170,900
42,936
574,994
24,904
85,316

205,628
.^4,099

898,000
34,115
87,900
107,610
lt>l,76.1

168,612
43,254
1,656,000
7,872
191,958
91,091
228,965
42,834
319,378
100,800
100,804
5e,S53
53,024
29,561

179,344
51,194
664,,^93

19,012
113,054
64,700
20,355
210,092
37,122
572,000
113,025
38,500
71,197
82,575
492,025
20,643
07,709
201,7Tb
109,741
74,852
53,464
118,497
162,605
14,315
1,252,064
243,000
10,500

57,1.00

26,394
203,222
34,817
5*-,6,437

99 !,852
6.VC5
128,8b5
33.V!24

110,392
22,065
357,248
18,886
70,9.i9

25,459
9,814
183.185
19.260
41.424
187,748
70.790
1,385,985
150,272
250.986
e,<)20

160,022
485,159
262.388
348,510
173,225
78,372
83,000
440,972
281,433
293,980
16,558
2,710,150
42,910
101,567
382,243
1,120,146
111,336
317,556
36,610
8,605
331,778
56,350
161,096
11,92.5

83,294
93t-,072

82,168
78,764
268,748
424,705
64,963
394,000
61,184
33,000
49,1' 56
531,893
6«,9:t8

79,728
68,110
6G,193
140,300
451,018
7,00il

234,700
63,000
72,752
244,912

1

86,675
27,805
60,513
77,030
469,444
10,408
64,245
194,396
95,212
63,503
22,871
116,571
146,353
12,847
1,117,602
176,800
13,174
937,803
4,9.9
113,642
29,939
98,272
20,769
337,990
20,266
72,709
29,183
9,526
143.407
15,951
54.972
174,407
75,661
1,306,817
133,410
230,012
7.185
157,940
612,042
178,133
304,837
133,431
67,866
86,600
455,123
202,210
270,800
15,669
2,716,704
40,273
100,359
349,144
703,«07
122,243
301,827
26,983
0,507
272,598
55,949
137,666
8,712
34,608
840,671
71,461
78,8 ;o
214,4:0
392,693
64,511
482,421
48,514
51,100
42,7m1
546,675
44,332
103,731
71,969
32,872
123,900
414,396
7,000
212,759
50,700
69.314
228,012

Mileage.

Increase or
1889.
Decrease.

1888.

$

+475
+ 43,454
+ 9,69!<

70
818
294

70
818
294

-2,617
—2,353

1,046

207

267

+ 96,795

4,795

4,631

+6,495
+3,200

245

398
269
289
207

220
373
398
269
278
187

3,479

3,418

+ 6,850

+ 12,03

>

1,046

37.<
.

+11,863
—3,366
1203,954 5,678 5,621
+4.598
86
86
790
631
+70,095
414
414
+9,580
303
303
+ 24,033
340
340
+ 9,7933C
330
+41,752
295
295
+24,030
190
196
+25,755
143
143
+ 10,787
170
170
+ 6.372
86
86
+25
281
281
+8,444
144
194
+ 8,258
—10,401
738
738
—.3, •92
106
106
255
267
+ 27,538
29S
296
+ 6,800
—3;
70
70
32S
325
+4.870
361
+ 2,305
261
—14,437 1,467 1,481
369
309
+ 26,H50
21S
226
+ 10,693
323
268
+ 10,6^4
358
+5,525
356
+22,5 -(1 1,143 1,098
l.'i4
138
+4,233
156
+3,464
156
303
363
+7,382
574
574
+ 14,529
277
+ 11,319 469
12»
12>i
+ 30,593
377
402
+ l,v2U
440
440
+16,23
32
+1,46'<
32

+ 134,402
+ 66,200
-2,674
+36,04;

+ 1,336

+ 15,22:,

+3,283

+ 12,120
+ 1.2M6
+ 19.268

—1,3-0
—1,750
—3,724

+288

+ 39,778
+3,309
-13,548

+ 13,341
-4,871
H79,168
+20,862
+20,974

-239

+2,082
-26,883
+84,433
+43,633
+39,791

513
95

513
95
2,167
75
524
152
609
129
671
163
234
148
113
592
63
135
357
277

1,953

75
327
152
509
129
671
163
254
148
113
548
63
135
357
253

2,256

2,023

537
514
40
330

537
514

1,397
1,217

1,236

40
830

351

865
293
593
303
351

1,386

1,366

H-8^9

687
650
100

687
627
100

—6,554
+2,037

1,420
58

1,447

+ 10,506
—3,600
-14,151
+79,223
+23,174

293
592
303

+33,09!!

320
554

54
320
539

+ 416,.33P

3,506

3,280

+4.-.;of-

—10,909

+ 12,729
+9,6j7
-902
+82,180

+401

342
623
172
93
746
234
367
78
252

342
623
215
98
746
254
367
73
252

+23,430
+3,213
+48,6<0
+97,401 2,633 2,603
447
.147
+ 10,707
204
—106
242
+54,278 1,262 1,117

+ 32,012
+ 452

1,329

-88,421

3,024

+ 12,070
+ 1,1<00

413
255

25!-

—26,01)3

237
247
206

2«j

+ 14,400

3,55

ssfr

+36,622

1,001

1,0^'

1,'.'12

230

2.S8
1

2,6S1

*S?
21
+7,175
J
—14,782 1,487 1,48«18*
245
+22,606
—3,839

+ 33,3^1

+900

50

+21,941

6.58

+3.43S

290
187
818

+ 12,30(t
+ 16,900

J

aoi

a9

in
8lj

Total (118 roads).. 26,338.785 24,028.863
J2,309,922 70,7^8 67.5«i
• Three weeks only of January.
a Earnings ol entire system.
§ Includes la. F. A Sioux City, and also new roads roeenlly acauirfiHi

,

I

Fkbruart

16,

THE CnRONlCLK

1»9.|

'

(From our own oorrespondent.

I

207

Council has sold bills and tele^traphic tr-'tisforH to the amount
of about 210,000 lakhs of rupets— a lakh contuiiis a hundred
thousand rupees, realizing in London nearly IJ^ millions
sterling.
But the amount of silver sent out has been so
small that the price i) do higher than it wax a month ago.
In this fact we h.ave evidence how greatly tiin drawmgBOt

London, Satunlay, February 3, 1880,
of the Bank of England lowered
Directors
the
Thursday
On
their rate of di-icount from 9% per cent to 3 per cent. The the India Council keep down the price of silver, and tlipreby
reduction is welconipd by the joint-stock and private binkH, increase that loss by exchange from which the Indian Gorwhich are in the habit of allowing interest at l\i per cent ernment so seriouily fullers. The export trade of India to
below the Bank rate upon their depo-its, and which, thnro- gold-using countries is growing. Particularly the exports of
foro, have now a chance offered them of employing the tea from India and Cfylon have increased at a very rapid
deposits profi ably for the next couple of months. But other rate of late years so much so that the United Kingdom now
The imports more tea from India and Ceylon than from Cbina.
ftur-seelng observers doubt the wisdom of the measure.
collection of the taxes is now going on at a very rapid rate. But during the past year or two the exports of wheat from
In tlie week ended Wednesday night, the Government deposits India have largely fallen off. And, on the other hand, the
at the Bank of England increased almost IJ^ millions. With imports into India of European goods, espei ially of cotton
such an accumulation, it is obvious that the Bank must soon piece goods and railway materials, have been very large.
obtain con'rol of the outside market, and therefore many The result is that the export trade does not gro .v quicklythink it would be wiser of the Directors to have continued enough to pay for the large imports, to discharge the obligatheir rate at Z}4 per cent, and so endeavored to attract gold. tions of the India Council in London, and to allow of an
But the Directors doubtless feared that they would not be increased import of silver. The India Council might adopt
able to make the rate eflective. Their reserve is now over bttter methods in some respects, and so diminish its draw14)i millions sterling, being 4G}^ per cent of all their liabili- ings. But without a very consi Jerable growth in the Indian
And with such an amount of unemployed cash, which export trade it cannot materiallj' affect the exchanges. Its
ties.
is constantly b-ing increased by the collection of taxes, and sales of bills and telegraphic transfers for the next two
by the return of coin and notes from the internal circulation, months are likely to be on a large scale. And the probability,
they apparently think that a high rate cannot bo maintained. therefore, appears to be that there will be no sensible advance
They hope, however, to raise rates in the outside mirket to 3 in the price of silver.
The feature of the stock markets this week has been the
per cent, and with such a rate they believe that gold may be

—

attracted.

The improvement in trade is going on steadily. There is,
however, no speculation accompanying it, and neither prices
nor wages have risen as was expected. Towards the end of
1837 there was a marked rise in freights, and in the me?als
generally. But since then, with the exception of freights,
prices have rather fallen than advanced, and with the exception of the coal disputJ a few months ago, there has been no
great movement for a rise in wages. There .ere symptoms,
however, that we are on the eve of a sharp advance in both
prices and wages. Orders for coinage at the Mint are exceptionally large, which seems to indicate that preparations are
being made for a speculative movement in trade, which will
bring with it a rise in price', and that must b3 followed by a
rise in wagep.
The use of checks is now much more general
throughout the United Kingdom than it was even a few years

continued fall in copper-mining shares. As has often been
pointed out in this correspondence, the Paris Bourse has been
in a critical state for some months past. The failure of the
Panama Canal Company had not an immediate efftct, but it
inflicted

heavy

these losses are

losses

now

upon large numbers

beginning to

tell.

and

of person',

Last week some small

banking firms, which had made large advances upon Panama
eecurities, found that the borrowers were unable to pay their
differences. These banking firms had themselves speculated
largely in copper shares. And in consequence of the inability of their customers to fulfil their obligations, they were
themselves unable to pay their differencts. The copper
shirf s they held were therefore thrown in large blocks upon
the market and instantly caused a heavy fall in the shares of
the Societe des Metaux and cf the Rio Tinto Company. Previously rumors hid b?en circulated that the French syndicate
ago. And that has allowed a considerable contraction of the was in difficulties, that the stock of copper held by it had
coin and note circulation. But checks are not used in the accumulated so rapid'y that it was at the end of i's repayment of wages. And as the smallest note issued by the sources and could not go on buying unless at once the proBank of England is for five pounds, cotes also are not avail- posed copper trust was formed. The negotiations for the
able for this purpose. Consequently, an increased employ- trust, however, are not yet completed, and speculators in
ment of labor and higher wages would necessitate a coneider- Palis jumped to the conclusion that the arrangement must
able increase of the internal coin circulation. The movement fail. The difficulties of the banking firms referred to icduced
is not likely to begin until April.
Probably the 3 p r cent ooerators to sell speculatively large quantities of the shares.
Bank rate will be maintained till the latter part of March, Every sale caused a further fall, and ev.ry fall involved
and there may be then a falling off of rates in the outside other speculators in difliculties. The market at the time was
market, with perhaps a reduction in the Bank rate. But if disturbed by the approach of the Paris election and of the
the increase in the coin circulation that is expected takes monthly liquidation, and it looked at one time as if a crash
place, there will be a sharp recovery in April or May, which were imminent.
The shares of the Societe des M'd'iux fell
may go on through the summer, and become more marked twelve pounds and those of the Rio Tinto Company about
in the autumn, if there is a similar movement upon the Con- s-ix. In the middle of the week, however, there was a recovtinent, and if the anticipated export of gold takes place. ery, which has continued up to the present. The general beMuch, however, will depend upon the policy of President lief now is that capitalists in Paris have come to the supHarrison's administration, and still more upon the course of port of those who are in embarrassment, and that the forced
political events upon the Continent.
The belief throughout sales are consequently at an end. But many who are in a
Europe is that peace is assured for the present year aid the position to form a correct judgment doubt this. The monthly
elief rests mainly upon the asce.tained fact that none of liquidation on tho Bourse began yest--rday, but yesterday's
ilie
nations are fully prepared for war.
tonote- proceedings were confined to the settlement in Rentes
It is
worthy as confirming the general impression that theBiitish day the settlement in other securities be;iins. At the time of
manufacturers of artillery and rifles are working just now at writing it i« not known whether fresh difficulties have been
high pressure. Some of thera, indeed, have orders that will disclosed, and probably the real state of the account will not
not be completed for years. But until the governments have be known until ibe pay day that is, Tuesday next.
fully provided themselves with the materiel of war, they are
In the meantime it is certain that the Bourse is demoralnot likely to engage in hostilities unless a revolution in ized. Besides the political anxieties and the difficulties
France or an outbreak in the Balkan Peninsula should pre
caused by the Panama failure and the fall in copper-mining
'ipitats a struggle.
sh-ires, there are several causes of weakness, such as the inThe Bank of Bengal has not, as was expected, raised its ability to place many of the new issues brought out last year,
rate of discount above 10 p'r cent; but the Bank of Bombay, the contrac'.s entered into by the great issuing houses to bring
while maintaining its published official rate at 11 per cent, out fresh loans and companies, and the immense borrowings
is this week charging all but its regular
customers 12 per of the French Government. Every assistance will be giverf
cent. The demand for remittance in London consequently to the market by the great financial houses all over Europe,
continues very strong. During the past month the India but whether they wiU succeed in averting a crisis depends
;

;

—

«

:

THE CHRONICLE.

208

Careful obvery largely upon the couree of political events.
adFloquet
in
the
confidence
of
vote
the
think
here
servers
may
ministration a mistake, and fear that the Government
that
be driven by excited supporters into violent measures
will increase the popular agitation

turbance.

However

and possibly

excite dis-

may be, the tone of feeling upon
the moment of writing. There has

this

the Bourse is better at
rise
not only been a recovery in copper shares, but there is a
co-operathe
by
about
brought
securities
in all international
great
tion of the Berlin capitalists with the efforts of the
while
week,
of
this
beginning
the
At
Paris.
in
houses
financial
copper shares were falling so heavily, Rentes were very
steady, and there was only a slight decUne in industrial
for
securities. But the apparent strength of the market
those securities was deceptive, for in reality it would have
been impossible at the time to have sold any number of banking or other industrial securities. Operators were afraid to

That, however, has
sell, but nobody was willing to buy.
now changed for the moment at all events. The weakness of
the Paris Bourse, of course, reacted upon the London Stock
Exchange, and early in the week there was much anxiety as
to what might happen. Here, however, the speculation in
believed not to be large. Indeed, the Stock
was short of these shares, and in international securities generally English operators have been
selling much more than buying for some years past.

copper shares

Exchange

is

itself

In other departments of the London Stock Exchange
there has been little during the week to call for special
It has
Investment business has been good.
notice.
extended not only to consols, guarantee and debenture
stocks and colonial bonds, but to the bonds also of American
railroad companies. The speculation in South African gold
shares has been wilder than ever. But until the reduction of
the Bank rate on Thursday, there was little else doing.
Since then, however, there has been a decided rise in consols
and in Biitish railway stocks, while Berlin and Paris have
sent up international securities. For the last day or tw
there has also been a more hopeful feeling respecting Ameri,
can railroad shares. The general public are stiU out of the
market, but members of the Stock Exchange and large operators outside are looking for more active business and better
prices.

The premium on gold in Buenos Ayres has not moved much
either up or down this week, and the prices of Argentine

Olronlatlon
Pabllo depoBita
Other deposits
GK>Ternment seoontles

Prop, assets to liabilities
Bank rate
Conaols
Clearing-Honse return

January

of Cedulas held here

causing anxiety. Cedulas, as
your readers may probably be aware, are bonds issued by the
Hypothecary Bank of the province of Buenos Ayres and by
the National Mortgage Bank. The business of these banks is
to lend to owners of houses and lands, and the way in which
they do so is to issue their own bonds to the borrowers. The
immediate security for the bonds is ths mortgages taken by
the two banks, and over and above this, there is a guarantee
from the provincial and from the national governments. But
the guarantees are valid only if the transactions are in accordance with the statutory provisions. The exact amount of the
Cedulas issued cannot be ascertained, as it is constantly in.
creasing, but in round figures it is about 200 millions of
dollars.
For a population of about four millions, this is
obviously an excessive debt. The bonds carry interest of
from 6 to 8 per cent, and there is besides a sinking fund of
from 1 to 2 per cent. Together the annual charge is, in round
figures, about 18 millions of dollars.
couple of years ago
these securities, which are internal currency bonds, were
introduced on the London market by a large arbitrage house,
and the holdings of them here are now very large. People
ask how long can the owners of houses and lands in the
Argentine Republic continue to pay such an immense annual
charge, and what wUl be the consequecces if the
present
is

A

inflated prices break. Will the provincial and the
national
governments fulfill their guarantee, or will they indeed be
able to do so if Europe should refuse to lend more money
?
The wheat market continues without change. Toe weather

exceptionally mild, the receipts are large, and the
consumption is only moderate. The general belief of the
trade
is that all the supplies needed wiU
be obtained without
material advance in prices.
is still

1887.

£

£

£

28.270,715
6,390,171

23,670,760

«3,948,126

24.418,035

5,253.289

3,870.220

4,02j,565

24,797,271

25,171,915
15,B38.337

23,851,170

85.453,800

14,561,197

13,531,805

13,746,015

20,321.803

18,078,771

18,920,692

14,545,987,

13,947,764

13,233,353

18,878,893

81.616,762

21,418,614

21,428,978

22,011,928

1886.

i5^

47«

3 P.O.
102 11-18

100 9-16

46«

c

lOCJj

t 4 p.

20,441,927

45V«
3 P.O.
100 9-16

a

159,663,000 162,515,000 146,212,000 130,697,000

t Feb.

Messrs. Pixley

1688.

£

* S p. c.

31.

3.

& Abell write

as follows on the state of the

Arrivals: £106,000 from Australia; £15,000 from New Zealand; £27,000
from South Africa; £66,000 from Central America. To Bombay, 25tli
inst, £40,0n0; Slst lust., £25,000.
Silver— Silver rose steadily at the end of the last week and the beginning of this week, until 42^d. was touched. To-day 42i']fd. is quoted,
£25,000 has
chiefly caused by the heavy siles of Coimoil transfers.
arrived from New York. Per P.
O. steamers to Bombay— 25tli Inst.,

&

£154,000; 31st

iiist,

£102,000.

Mexican Dollars— With few intiulrios the dollar quotation has been
ruled by tha^ of sliver. £7,500 has come from New York. Per P. & O.
steamer to Siugaptre, £15,000.

The following shows the imports of cereal produce into the
United Kingdom during the first twenty-two weeks of the
season compared with previous seasons
:

IMPORTS.
1887-8.

1888-9.

Wheat

Beans
Indian
Flour

com

1886-7.

1885-6.

22,034,730 21,403,610 22,917,36S
9,047,803 10,131,975
6,502,383
7,705,734
6,502,412
4,812,060
1,659,372
953,522
1,063,137
1,067,757
1,130,725
1,434,456
10,058.213 10,945,445 11,423,959
8,247,779
6,931,163
5,413,717

owt. 27,785,092
10,317,667
7,911,748
956,576
1,269,649
10,485,500
6,637,398

Barley
Oats
Peas

Supplies available for consumption (exclusive of stocks on

Saptember

1):

1888-9.

1887-8.

1886-7.

1885-6.

Imports of wheat.owt. 27,7^5,092 22,034,730 21,108,610 22,917,368
5.413,717
6,637,398
8,247,779
6,931.163
Imports of flour
Sales of home-grown. 16,000,589 18,894,017 15,957,582 19,0J6,135
49,176,526

50,629,079

Total

wheat
wheat

week. 308.
season, 328.

1886-7.

30s. lOd.
308. Id.

Id.
2d.

47,367,220

44,297,355

1887-8.

1888-9.

Aver, price
Aver, price

35s.
328.

1885-6.
29s. 7d.
308. 8d.

5d.
5d.

Eugllsb Financial Markets— Per Cable.
The daily closing quotations for securities, &c., at London
are reported by cable as follows for the week ending Feb. lt>.
Jjondon*

Sal.

Mon.

Wed.

Tuea.

Thuri.

Fri.

42I3
42»8
4258
429,6
429j6
CJonsols.new 2%perct8. 98i3ie 9815,8 9813,6 98i6,e 98i5,e 9815,6
98I611; 991,6
9916,6 991,,
991,
991,8
do for account
83-75 83-70 83-6212 83-02i2'83-9O
EVoli rentes (in Paris) fr. 83 60
11138
111^4
111% 111% XIIOI4 110%
a. B. 4J38 of 1891
131i«
13112 13II2
13112 1311a
13114
0. S. 48 0f 1907
53 '8
53»8
53%
53%
Canadian Paclflo
531a
53H
65i>8
6518
65
65'ii
Chic. MU. & St. Paul.... 6514
64'^e
29I2
29^8
2978
2958
29iii
29 •'8
Erie common stock
115
xlioia
111%
117% 117% II712
Illinois Central
12
56%
56
56%
56%
Pennsylvania
561a
561a
24^8
24%
25
25
PhUadelphia & Eeadlng. 24V8
24%
112% Ill's 112
111% II214 112
New York Central.
Silver,

per oz

d.

i2ht

—

National Banks. The following national banks have
recently been organized :
3,975.— The Merchants & Farmers' National Bank of Weatherford
Texas Capital, $100,000. W. H. Eddleman, Presidtut;
Cashier.

3,976.—The Bellingham Bay National Bank of Sehome, Washington
Terr'y.
Capital, $60,000. F. M. Wade, President James W.
Morgan, Cashier.
:

—

Imports and Exports fob the Week. The imports of last
week, compared with those of the preceding week, show a
decrease in both dry goods and general merchandise.
The total imports were $10,413,880, against $12,198,073 the
The expreceding week and $7,570,152 two weeks previous.
ports for the week ended Feb. 12 amounted to $5,976,718,
against $6,858,241 last week and $7,863,116 two weeks previThe following are the imports at New York for the
ous.
week ending (for dry goods) Feb. 7 and for the week ending
(for general merchandise) Feb. 8; also totals since the beginning of the first week in January
:

FOREIGN IMPORTS AT
For Week.

Dry Goods
aen'l mer'dlse.-

Total

Since Jan. 1.
The foUowmg return shows the position of the Bank
of Dry Goods
England, the Bank rate of discount, the price of
Qeii.'lmer'dl8e..
consols, &c.,
compared with the last three years
Total 6 weeks..
:

p.

18t9.

bullion market
Gold -No orders liave been received for gold, and all arrivals have
been purcliased by the Bank. The total bought is « 194,000. The Bank
has sold £100,000, of which £40,000 is for Rio .ind £50,000 for Lisbon.

securities have been steady, but under the surface there is a
good deal of apprehension. More particularly, the large

amount

,

Other seonrlties
aeserreof notes and coin
Coin and bnllion

*

XLVUI.

[Vol.

1886.

«3,4C4.670
5,436,639

NEW YORK.

1887.

$3,156,268
6,427,206

1

1888.

1889.

$3,639,328
6,906,797

$3,595,916
6,817,934

$8,901,309

$9,583,474

$9,545,125

$10,413,880

$15,588,743
32,786,403

$17,636,573
33,788,269

$19,170,075
36,655,898

$19,580,106
40,890,318

$48,375,146

$51,424,842

$55,825,973

$60,470,424

..

8

.

February

.

The following is a statement of the exports (exclusive of
from the jwrt of New York to foreign ports for the
week ending Feb. 13, 1889, and from January 1, to date:
KXPORTS FROM NKW YORK.

specie)

New York
1889,

9,

Total 6 weokt

.

27.180.021

$0,109,408
29,708,286

$5,970,7
34,835.700

$33.Ci)2,l»34

«32,373,932

935,815,694

$40,81 2, 4 24

1

shows the exports and imports of speci e
at the port of Naw York for the week ending Feb. 9, an d
gince January 1, 1889, and for the corresponding periods in
1888 and 1887.
table

NEW TORK.

Exports.

Since Jan.l.

Capitol. SurplM.

Week.

$504,239
20,950

$2,500

Sitice Jan.'i

.

157,925

364,425

46.836
3,000

l6',478

183,3.50
70.V0.S

7.52,500

10,698

9,457
24,441

19.100

555

31,165

„

Germanr
Weat Indies
Hexluo

7,000

.....

Bouth America.

3'i2,0'O0

All other countries. .

Total 1889
Total 1888
Total 1887

$351,500
307.900
601.895

.

.

.

$1,346,625
1,277,585
1,164,956

$179,656
110,537
10,973

Exports.

$689,046
381,2!ll

3,228,012

Leather Manufaot'rs.
aevenih National

SUteof

l.'JOO.O

Moruhantri'. ......

.,

Uecbanlos'

America
Phenlx.
01 tr

Tradeamen's
Ohemloal
BCerohanta' Rxoh'nge
,

Ballatln National....

Balchera' & Drovers'
Mechanics' & Traders
_

New

York...

SiyiceJan.

$120,500

Great Britain..
France

1.

Week.

Since Jan. 1

$1,809,382
29,900

Germany
Weet Indies

3,901

3,923

11,113
15,622

Mexico.
Bouili

America

6,254
63,888

5,485

All other coonlrles..

Total 1889..
Total 1888.
Total 1887..

$123,985
203,820
345,175

,

4,71'.<

$1,913,325
1,479,816
1,023,810

4,774

110,516

$3,697

$141,970
143.926
211,809

3.84^
19,155

Of the above imports for the week in 1889 f 17,403 were
American gold coin and $3,042 American silver coin. Of the
exports during the same time |349,000 were American gold
coin.

—Marine Insurance

Scrip, particularly that of the Atlantic
Mutual, is well known as one of the favorite investments of
New York merchants. Mr. Augustus Floyd, of 43 Pme Street,
formerly an importer in the China trade, and having hal
much experience in dealings in marine scrip, which he makes
a specialty of, has just issued a neat little pamphlet entitled
" OlK'jial Statements of the Marine Insurance Companies of
New York City Dec. 31, 1888.-' Mr. Floyd also deals in bank

stocks

and

all

investment

securitii-s.

Klchmond Teruiiiial.— The

reports as to this company's 6nanoial plan state that the blanket mortgage to be placed upon
the company's property, franchises, etc., will be 135,000,000 in
5 per cent bonds. It is at present mtended to issue no more
than 15,000,000 of these bonds. This amount will be sufficient to retire the floating debt which was incurred by the
purchase from the Hollins party of the caoital stock of tbe
Georgia Company, controlling the Central Riilroad
Banking Company of Georgia, and a few other minor amounts.

&

Schujiaill Nafigation.— At the annual meeting of the
Navigation Company, Mr. Harry F.
West
was re-elecled President, The bo^rd of managers was reelected, and the organizition of the company is maintained
because the owners of about $400,000 of bonds bearing 6 and
7 per cent interest did not accept the R-eading's proposition to
exchange securities. Some of these bonds will not mature

I

13,200,0
9,860,0

2,080,0
3.077,0
2,183,4
1,976,0
4.306.9
1,213,0
4,290,2

DtVOtiU.

Letals.

Meroantlle.
Paciflc

RepabUo
Chatham
Peoples'

North America
Hanover.

2,9(13.2

463,2

20,900,8
3,697,2

8,181,1

1,010,7

638,9
674,2
660,1
120,0
125,2
738,7
817,1
179,9
3,354,0

614,8
429,6
126,0
287,0
113,4
179,9
70,8
333.4
2.860,0

1,392.9

2,551,4

1,'J70,8

392.6
983.7
884,4
718,1
355,0
338,2

8,.<<03,8

8,968,0
12,220,2
4,634.0
9,923.1

629,3
2,264,

232,4
6,727,7
128,5
1,247,5

6,801,1
1,8»B,«

287,8
160,6

12,381,0
1,'243,2

86,4

611,8
80,8
464.2
1,493,3

8,363,3
1,371,9
.3,841,8
10.'228,0
18, .',7 1,9

6,780,0
7,912,4
2,638,3
11,682,0
6,003,0
2,168,8
4,22-A5
14.89'.2,3

270,4

2,926.0

38;1,i)

3,001, )

600,0
600,0
600,0
760,0
600,0
600.0

Cltlcens'

Nassan
Harket

•J,7'24,7
167,3
664,0
4.181,9
2,068,1
211,3
234,5
3,166,0
Shoe <& Loather...
Corn Kxchauge
l,OOO,0i 1,078,7
6,721,3
230,6
6,085,9
Continental
1,000,01
Oriental
353,6
2,130,0
300, Oi
Importers' A Traders' 1,500,0 4,190,.i 23,277,9
Park.
2,000,0 1,807,6 20,587,0
2,087,3
North River
240,0
107,8
1.27'2,4
East River
121,1
250,0
Fourth National
3,200,0 1,375,8 17.858.8
Oeutral National
7,876,0
676,1
2,000,0
Second National
213,4
4,050,0
300,0
5,33'2.3
Ninth National
269,5
760,0
Firat National
600,0 6,843,4 23,813.9
Third National
217,2
1,000,0
6,877,9
ST. Y. Nat'l Exchange
123,6
1,382,5
300,0
Bowery
361,6
2,270,8
250,0
New York County
2,254,6
200,0
114,4
2,MdO,4
(jlerman. American. . .
760,0
207,6
Chase National
600,0
603,8
7874,8
Fifth Avenue
100,0
673,2
4,099,9
German Kxchange...
200,0
369,0
2,745,9
Seriuanla
200,0
354,2
2,478,3
United States
500,0
480,4
6,124,3
2,84'2,0
Lincoln
300,0
176,3
Oarfleld
238,6
200,0
2,438,8
Fifth National
1 427,2
150,0
239,7
Bank of the Metrop..
300,0
428,0
4,342,3
West side
1,913,0
200,0
211,2
Seaboard
500,0
134,6
3,080,0
Sixth National
200,0
61,7
1,790,1
Western National
3,600.0
82,4 10,478,3

A Falton..
NloholaM

Total.

1,574,8

616.9
2,934.1
1,562,1

206,5
482,2

'248,0

3,334,2
388,4

903,0
368,3
240,6
362,4
206,1
100,0
319,0

606,8
217,4
1,016,8

286,2
626.0
852,8

260,0,

610,7
382,5
1,616,9
2,318,2
160,7
128,6
840,3
1,423,0
138,0

1,013,4
181,9
4,978,3
4,160,0
53.4
3(j8,2

3,956,9
1,284,0
1,210,0

854.2
2,412,0
370,2
113,6

1,4'25.5

2,998,2
1,58?,0
331,1

689,0
738,9
460,9

llO.l

1,868,3
951,1

109,8
136,1
694,9
114,9

283,2
122,8

722,9
304,0

1.372,5
814,.')

18,4
403,2i

800,8
408,4
879,2
313,0
503,8
646,3

339,7
209,0
401,4
228,0
428,8
130,1

1,286,2

1,359,6

«

.

1,170.0

816,0
660.8
838,0
740,7
3S1,0
1,112,0
241,9

200,0!
23i»,»
466,H
700,01
1,000,0' 1,067,0

Irving

•

•

1,678,4
1,171,6
829,4
1,626,9
1,868,1

6,000,0
5,000,0 3,211, (i
1,000,0 1,.5S7,1
687,2
1,000,0
303,9
422,7
820,1
1,600,0
450,0'
641,1

Oommeroe
Broad war

8t.

Imports.

Silver.

Week.

8pMi«.

•

•
2,000,0
2,060,0
2,000,0
2,000,0
3,000,0
1,000,0
1,000,0
1,000,0
soo.o
600,0
1,000,0
300,0
200,0
200,0
600,0
300,0

American Exchange.

Great Britain
France

hoant

onMted.)

areenwich

Imports.

Oold.

Week.

Bank Htatenient for the week ending Feb,
We omit two ciphers (00) in all oases.

City

as follows.

Bknk o( New York.
Uanhattau Co

S5, 102.308

29,013,808

BXPOBT8 AND IMPORTS OF SP£OIB AT

is

1880.

$-1,074,126

The following

1

209

Banks.
(OOa

1888.

1887.

1886.
.

:

THE CHRONICLE.

16, 1889.J

Pi>r tbe wenk..
rrev. reported..

1

1

i

12,160,0
11,271,0
0,868,7
8,416,0
13,84B,T
4,637,0
12,441,7
2,762,0
24,234,6
4,451,0
4,786,0
2,009,1
2,808,0
1,202,0
2,860,3
1,899,9
3,029,8
16,906,0
18,698,3
6,117,4
9,019,4
3,013,1.

13,030,3
6,882,2
2,695,7
4,481,5
16,170,4
2,977,0
3,090,6
8,098,8
4,344,4
1,870,8
3,781,0
6,945,4
6,068,7
•2,130,0

28,409,6
26,092,2
2,130.7
1,560,9
18,478,4
0,688,0
5,012,0
8.082,8
23,000,4
7,36.\0
1,427,5
2,702,4
2,943,2
2,875,3
9,293,2
4,190,7
3,493,9
2,640,0
5,588,4
3,859,9
3,134,2
1,828,4
6,269,4
2 119,0
3,614,3
2,110,0
9,383,4

60,762,7 62,402,6 408,013,9 86,820,636,072,0'434.958,5
Capitol

&

Baxkb.

SuTi>tua.

Specie.

N. Ynrki'

$

$

LegaU. \Deposit8.\\Circ''Vn Clearin^a,
I

Jan. 12.... 113,165,8 386,318,0
"
19.... 113.165,3,389,325,6
" 26.... 113.165.3 392,821,9
Fob. 2 .. 113,105,3 399.910,0
9 .. 113,165,3 408,013,9

$

I

$

Boston.*
Jan. 26...
Feb. 2 ..

9 ...
PhllR.*

65,043,5 149,919,3
65,043,5 160,708,3
65.043,5 162,056,9

Jan. 26....

34,552.8

Fob.

34,B52.8i 93,300,0

-2....

34,552,8

9.202,3
9,244,6
9,311,0

92,279,0

W6 omit two ciphen in all these flfjures.
lelphia, the Item " due to other banks."

680,368,4
724,073,9
653,081,8
a51,220,7
-1,380,3 746,354,2
4,883,1
4,824,3
4,734,0
4,709,

6,501,6 125,971.8 3,829,7
5,720,8 128,093,8 3,822,8
6,583,9 128,680,2 3,168,0

26,993,0
25.504.0
26,031,0

94,144,0

$

I

82,150,7 34,930,9 410,129,8
83,668,7l36,o70,3!41«,837,8
88,560,2|37,645,8 424.324,8
89,205,6 37,473,1 431,142,1
86,820,6 38,072,0 434,938,5

92,062,0 2,316,6
92,528,0 2,316,3
93,680,0 2,317,4

t Including, tor

96,304,2
89,551,2
92,136,3
64,S43,1
72,281,1
86,977,2

Boston and Phtla

Schuylkill

until 1915.

The principal and

interest

Keading,

is

guaranteed by the

Union Paciflc—The Union Trust Company, trustee, init of f 1,000,000 Union Pacific 8

United States Sab-Treasury .—The following table show jr
Jie receipts and payments at the Sub-Treasury in this city, as
well as the balances in the same, for each day of the week.
Balances
Date.

Seceipts.

Feb.

1,675,571
2,511,3941
2,238,0551
2,278,198
2,003,528
2,063,651

per cent sinking fund bonds secured by the mortgage. Proposals must be sent in by February 19, and bonds accepted
will be paid for on presentation February 30.
S. Senate several davs ago adopted a resolution calling on the Secretary
Of the Treasury for information as to the amounts in
th^
wnking fund to the credit of the Union Paciflc and Central
Pacific radroad companies Feb. 1, 1889, under the operation
Of the Tl urman Sinking Fund Act. Thj respoiisa of the SecK-tary, laid before the Senate, shows
Union Pacific— Money for Government transportation witliheld under act of May 7, 1878, 10,351.875 cash
;
payments by
the company, |1, 421,714; making tha total paid into
the
Mokmg luud, $7,773,589. Thii money was invested in UnieJ
Htaies bonds and Pacific; Railroad first mortgage bonds
:

of a

total face value of $7,249,490. The market value
of the
*eb. 1, la89, was $9,030,440, showing tlio increa-.e
by

bonds
reason of

the luvestments to have been $1,256,850.
From the Central Pacific, $3,469,031 was received and
mveslel
bonds of a face value of $3,141,883, wiih a market
value Feb. 1, 18S9, of $3,831,785, making
the increase, by
reason of investments, $353,104,
,

m

Vitkshnrg

& Meridian.—The

conlirmtd and the
title

of

Alabama

&

company

sale of this road has been
will be leorganized under the

Vicksburg.

Coin.

OoiJi Cert's.

Ou,rreney.

S

vites proposals for the sale to

Union Pacillc— Central Paciflc— The U.

Payments.

Total

12,770,397

2,621,621
5,332,659
3,273,102
2,123,563
1,383,846
2,480,137

150,062,319
150,038,203
150,049.321
150,099,769
149,850,784
149,897,726

19,985,444
17,362,408
16,170,648
16,153,056
16,875,584
i6,43 1,501

—

&

Shares.

15

Home

16,338,388
16,319,042

recently

at

Bonds.

Insurance Co
Ins.

111,392,259

17.41J,928l

Aactlon Sales. The following were sold
auction by Messrs. Adrian H. Muller
Son
40 North River

16,298,988
16,124,878
16,270,471

Co

144'4

9i^

New Lebanon, N. Y.,
78.1897
110>441iit.
$1,000 New Brunswick. N. J.,
$2,000

lOGrBud.St. .ScN'lon RR.Co. 90
61 Barn y Dump's Boat Co. 21
68, Imp., 1898. .lOSUA Int.
10 Lawyers' Tlllc Ins. Co...ll7'4 $2,000 Jersey City 58, 1911..
50 N.J.S'tioatUo.(Pooi).Line) ilH
104 1** int.
19 PeunsylvaniuCoal C.)
SlOia $5,000 Cumber. & Pcnn. RB.
192 .Merciuilile Nat. Bank.... 200
Co. 1st 6s, 1891. 101 "4 4 Int.
40 Broadway Nat. Bank
301% $24,000 Jersey aty Water W.
24 IrvlUK Nat. Bank ..183-ls5>9
7s, 190'2
l'23i:lnt-.
4 Nat. Bank o( Comm-rce 190ia $4,000 JerseyCltv- Water 8crli>
30 Madison Square Bank... 105
78, 1891. .103>43> 104 >4 Aint.
7 Produce E-v. .Vat. Bauk..ll0i4 $1,000 Jersey City 78, Imp.,
30 Bank of the Metropolis. .361
1892
107»»dtlnt.
14 Bankof N.Y N. B. A....24213 $1,000 Jersey City 78, Imp.,
200 .Mechanics' Nat. Bank. ...196
1894
107^<fclnt.
10 Lenox Hill Bank
100
$2,000 Jersey City 78, 190.5..
30 Tradesmen's Nat Bank..l02>9
1241a ,& Int.
1 Park Fire Ins. Co
CO
$8,000 Jersey City 78, 1900..
Bonds.
125>*&ii>«
$39,000 3d Ave. KR. Co. 78,
1890
102«8®»l<fe'lnt.
,

.

—

«

::

:

:

THE CHRONICLE.

210

fvou xL\in.

—

United States Bonds. Government bonds have been very
Exchange, and the market ii unchanged and
The purchases by the Secretary of th'! Treasury have
firm.
dull at the Stock

DIVIDENDSi
The

follo-wlnif dlviaendfl

have recently been announced

JTame of Company.

Per

When

Cent.

Payable.

ment

RHilroada.
Charlot'e Coliimiili k Aupusta
<;iiic. Burlluclmi & Qiilucy (quar.)
C'inii. N O. i Ti xa3 PaciHo
Nortli PeunBylvania. (luar.)
]TIIi>cellaneans.

Adams Express

(quar.)

Ampricaii Coal
<jjttlokallvor

Mining pref

Books Olosed,
(Days iticltisive.)

been quite large this week, the advance in his limit of price to
109 J having increased the offerings. The purchas'S are still
confined tothe 4i\ and the total this week is $3,241,000.
The total payments made for bonds purchased from April
The state23, 1888, to February 9, 1889, were $135,533,139.

1
1

27 Feb. 16
Feb.
.Marclil5 Ffb. 21

week
iii

3

25iFeb. 14

2

Feb.

2
3

March 1
Marchll
March 1

1H

for this

to Feb. 27
to Feb. 28
to Feb.

Feb. 16
Fell.
1

19

to Mar. 1
to Mar. 11
to Mar. 1

29

Feb. 20

WALL. 8TKKET, FRIDAY, Fcbrnarr 13, 1SS9-5 P. M.
The Money Market and Financial Sitniition. — The
week has been of a mixed character in its favorable
and unfavorable iDfluencca bearing upon stock values. The

is

as follows
4 Per

Per Cent* diM 1891.

Offerinos. Parcti'es. Prices paid.

$197,000

109^g

12,500

Tuesday
Wedn'sdny.

t4»7.000
80,000
891.500

851,500

10«M

600
600

1,184.600

73S,5IX)

109-109>j

3,500

Thursday...
Friday

838,000
121,000

838,000

109!^

2,'JOO

121.000

109H

Total. . ..
SlnocAD.2S.

3,013,000

2,211,000

109-109J^

'OO.S-<9,6)0

108«-109H!

Saturday

Monday

...

—

CmU iue 1907.

Ogerings. Purch'es.

Prices paid.

t

800
9,700
51,396,050

124^70-130

Railroad Presidents' agreement at the West hangs fire a little
The closing prices at the N. Y. Board have been as follows
or at least it is not perfected as quickly as many had hoped,
and the latest reports indicate that the two Burlington com
Feb.
Feb.
Feb.
Feb.
Feb.
Interest Feb.
panics may not come in at all.
meeting will be held in
11.
12.
13.
11.
15.
9.
Periods
Chicago n'.'Xt Tuesday, at which some definite action will
•108
•108
•1^778
•1077g
108
no8
0.-Mar.
4ia8,1891
reg.
probably be tiken. In consequence of the unsatisfactory out*10Hi8 *lO9).s'*l0^ia *109
•109
4Js8, 1891
coup. C5.-Mar. •109
look for r.ites, C. B. & Q. was the weakest spot in the stock 48, 1907
reg.'Q.-Jan. n2Sifl ".2834' 12834 'ISSSi' 128^ '129%
market.
coup. Q.-Jan. •128 Is •128% -12834 *l-i8% *128%1 1-25%
48, 1907
•120 |"120 "120
*i.1Q^ "120
reg. X & J. •120
The consolidation of the Cleveland Col. Cinn. & Indian- 6n, cnr'cy,'95
124i4!*122 *1-J2i4*122>ai I22I9
reg. J. & J. *122
68, cur'cy,'96
apolis and the Cinn. Indianap. St. L. & Chicago (Big Pour) 6s, our'cy,'97....reg. J. & J. *125 •125
•125 *12>>»*l25ia*125i3
•128 '12^ •12812 *l28i<)'*l^.'8>a
reg. J. <b J. *128
is regarded as an accomplished fact, though terms are not yet 68, our'oy,'98
•11114*13113 '131 "a
'131 *131 •131
given out, and this must rank as one first class railroad negjti- 68, cur'cy.'99....reg.lJ. & J.
* Xbu is tliB yrloe Did m. cub uioniuut uoaid 0.0 sMe «riM lU^ule.
ation for 1839.
The profits have been large, and have been
reaped mainly by those on the inside who knew the transState and Railroad Bonds.— State bonds have had a fair
action was coming. Another consolidation of no small im- amount of business, scattered generally over the list. The only
portance is the purchase by the JIackey syndicate of a control- feature has been a slight decliuo in Louisiana 4s, which have
ling interest in the Louisville E^ansville & St. Louis road, been a little more active thun the rest.
formerly known as the Air Line. The prices of their bonds
In railroad bonds there is still a large business and a good
would also seem to indicate that negotiations are pending be- demand, though the market has lost some of its former buoytween the Denver & Rio Grande and the Denver & Rio Grande ancy. This has not been indicated by any special decline,
Western which may ultimately lead to a change of gauge and however, only there hive not biien so many conspicuous
the completion of a standard gauge route over these roads advances as in late weeks, bonds having already reached a
from Denver to Ogdea.
higher level. The business is still confined largely to the lowThere is still a good business in bonds at the Board, and priced classes, which are well held as a rule. The bonds of
although the volume of transactions may be somewhat below the granger roads have been a little weak, in sympathy with,
previous weeks, there seems to be no abatement of confidence in the stocks; there was also quite a sharp break in International
prices.
The new Chesapeake
Ohio bonds have come on the & Great Northern coupon Os. The Denver & Rio Grande and
market and sell about 95. They bear 5 per cent, but the Denver & R. G. Western bonds were especially strong and
trustees have the option to " capitalize" 1 per cent of this in- active to-day.
terest for two years.
Railroad and Miscellaneous Stocks. The stock market
The open market rates for call loans during the week on continues active, and while there has been le.«s buoyancy in
tock and bond collaterals have ranged from 1 to 2i per cent, the general list than of late, the temper rem'tins bullish and
and to-day the rates were 1J@2 per cent. Prime commercial many stocks have still further advanced. There has been
paper is quoted at 4@4i per cent.
tome irregularity, due to severe depression in some of the
The Bank of England weekly statement on Thursday showed grangers, and a disposition to realize in a few stocks; but on
B loss in specie of £243,000, and the percentage of reserve the whole prices have tended upward. There has been very
to liabilities was 44^85, against 47-26 last week; the discount
little news of any delinite character, but it is noiiceable that
rate remains unchanged at 3 per cent. The Bank of France
buyers of stocks discriminate lately much more closely than
gained 1,625,000 francs in gold and lost 700,000 francs in usual between those stocks which are and those which are not
silver.
affected by unfavorable conditions and prospects, so that the
The Now York Clearing House banks in their statement of depression in a single group is not penuitted to affect the
February 9 showed a decrease in surplus reserve of $4,740,200
whole market to any serious extent. The strength is still
the total surplus being |14,152,975, against 118,893,175 the
most conspicuous in a few specialties, which have tcored
previous week.
further advances, and in which prospucts for the future seem
The following table shows the changes from the previous brilliant to the buyers. Among this latter class the Big Four
neok and a comparison with the two preceding years in the and the C. C. C. & I. have still been conspicuous, and the conaverages of the New York Clearing House banks
solidation of these companies appears to have been agreed to,
though the terms are not yet given out. la connection with
i«R9.
Diffr'ne's ft'ni
1888.
1RS7.
this movement the Chesapeake & Ohio stocks have also
Feb. 9.
Prev. Week.
Feb. 11.
Feb. 12.
improved, as the close connection of that road with the Big
9
9
Four leads to the supposition that it will also gain by the new
9
Capital
60,7112.700
Pullman has also been prominent and advanced further
deal.
BnrpluB
.^2,402.«00
Loans and dlsc'ts 4OS.0l:-l.90O rnc .8,103,900;266.277'.io6 365.586,700 to 305|, though reacting after the annouacement that a 25 per
Bpecle
86.»<2O.60O]Deo.2,385.O0o' 8-.',9:6.000 93.53I,K0;'
cent stock allotment would be offered to stockholders at par.
Cnrcolatton
4.380.30(i;Dee. 329,400l
7,.59:f,400
/ ...t, aiio
7,«.i7.3i)Q
Hetdepo.«it»
The most conspicuous stocks of the week, however, have
134.y.'5B,5o0;luc.3.816.400'386.O06.900 392 77l'200
Legal tenders....
3U.07^i,00C Dcc.l,4Ul.lO0| 33,669,000 23,27oitiOO been the grangers, and they have been the disturbing element.
I<«gal reserve
108,739.625iIno. 954,100 »0,.')01,725i 9a,19-2'poi Chicago Burlington & Quincy declined from 106i on Situraay
BMervebetd
122.892.600 Deo.3,78(M 00 11(3.645,000 lieliO.'i^OO
last to 99 on Wednesday with large sales.
Illinois Central was
girglna reterve..
The other
14,152,975.Dec.^,740.20o| 20,143^275 18,609.600 also pressed for sale and declined corsiderably.
granger stocks were also depressed in sympathy, though rela'"'^*~^'"' *'®''''°g exchange market continues dull
*i.***u
tively better held than the two above named
the whole
wjush
conditions have been favorable to keeping rates firm
group also showed a tendency to recover on Thursday, when
There are still very few commercial bills ofE.irin-r,
and the the Burlington dividend of
1 per cent was declared, and the
London money mirket has risen somewhat. Rites are
well Nebraska State Senate
refused the bill proposing to enforce the.
new, and there was an advance in the posted
fi^nire for
same rates as in Iowa, and to-day they advanced quite sharply,
^'^
^^ °' ^°'
^*'^'®'^ "'*' "^ * ^^^®* ^'^ """^"^ ^^®
Burlington closing at 103. One of the unfavorable conditions
4 89i
accounting for this depression was the uncertainty in regard to
The rates of leading bankers are as follows:
the success of the Inter-State Rdlway Association agreement,
which has not yet been signed by several roads, particularly
February 15.
Sixty Days.
Demand.
the Burlington & Northern. The Chicago Burlington
Prtme bankers' sterling blUs on lAndon. 4 86i2»4 87
4 89 91 89 12 Quincy earnings for Decimber showed very poorly.
^BB>e oommcroinl
4
S5Viai4
8512
!""""
There has been a lively speculation and advance in the leadDoonmentory commeroial
4 85 mi P5>.i
rmtla (lranc«)
as 1938 5 181a ^5 171* ing trust stocks, and this class of security seems to be crowing
'.'."'." 5 20
Amcterdam (froUders)
.'..
403,Bai40'4
4038 0407,
in favor for the purposes of speculation, notwithstanding the
rimaitort or Bremen (relohmarka) ..'.'."
eft's assH
95>«a954i
public hostility to trust?.

A

,

&

—

|

;

&

. ...

I

FSBBUART

THE CHRONICLR

16, 1889.]

8T0(;KS-rRlCE8 AT N.Y. STOCK EXCHANGE FOR

211

WEEK ENDING FEB.

15.

HiaHSST AITD LOVX8T FBIOBS.
STOCKS.

KR.

Active

A

Stocfc*.
Fo

52\ 53^

Siintii
rai'lile

AU'hIsoii T.ip.

&

AGlaiillc
Oftmultaii

Batorday.
Feb. 1).

f'lu'tllit

Oanadft Soutliorn
Central of Now Jersey
Oentral PaclUc

ObMapeake

con.

<& O., reori;.

Do

let nrof. reori?. cort
1)0 2il firrf. reorg. cort.

OUoaKO

BiirlliiKton

OtaloaKO

Co

&

A Qulnoy.

Kust. IlUnots
prof

CSlloago

Ullwaokee & St. Panic

Do

pref.

Do

pref.

1)0

i>ret

OUoago & Northwestern
OhIciKo Rock Island * Pacldo.
OJilcago 8t. Louis * Pittsburg.

& Om
Do
i""®'Otoclii. Ind. St. Louis & Wile.
OlUcago St. Paul Min.

.

8%

531s
8ifi

54i«

52 >« 5214
84 14 56

08\

97i>8

97''8

*35is

36

36

3613

Tuesday.
Feb. 12.

52% 63 »8

8l8
•B214

6478
971a

8I4

83
5578
97'8

3613
30
22 14 22=8

2611!

100 13 105
74=8
73

A Wesr 141>4l41%
*16i4

26%
14114
1638
"43

105% 103

74%

100

72%
26% 26%
141% 141% 142
713g

271s

17

10%

17

•4319
*9

17'4
44I9
91s

1st pref.

*69ii!

71

2d pref.
Kransvine&Terre Haute
Orecn Bay Winona & St. Paul.

23%
*91ia

Illinois Central

ll-.i% II234

Klngstonv^ Pembroke

•29
SOH. *29
3014
•18
1838 1838
183(.
18=8 18%
57I4 58I4
5714 5758
57
57%
103", 101
10379 10478 101 101»8

OeuverA Klo G., assessm't pd
prol.
Do

Do
Do

'6%

Lake Shore A Mich. Southern.
Long Island

& Na.sUville
Lonls. New All>. & Chicago...
Iioulsvllle

Michigan Central
Lake Shore & West
pre!

Minneapolis

Do

& St.Luuis
pref

KansasATexas

Missouri

02%

S33s

•8% 8%
62% 82%
68!% 56%
98
36

08
86=8

53

9%
70

2338
9:

7H

41

9%
70

•2314

2II3
9113 9414
6->8

6=8

nils 112 1$

44I4

9

09%

106

9%
71

"70%

109

44
"io'^

43%

9%

70

56,398
1.510

5638

42.251V

55=8

98
36

36%
21% 22%
19% 1978
20% 20%

9%

0%

•70

71

30%

18% 18%
37% 58=8

9%

23

5II3

2718
6158 6218
2314 2314
3JI3 32 'e
2614 26 14
481s 48''e
20'^ 27%
80% 8II2

Oregon &Tran.s-Contlnental..
Peoria Decatur & Bvansvllle
PMla.&Reail. Vot. Trust. Cert.

lohmond&WestP'tTerminal
Do
pref.
_

Borne Watcrtown iOgdenab'g 101
Bt. Louis <fe San Francisco
26

Do
Do

Bt.

Paul

Do

A Dnluth

03
pref.
Ist pref. '111
pref

& Pacltlc

St.L. APaclllo!

Do
_^
Wheeling

111=1.

pref

& Lake Erie, pref
niiirellaiieous Stocks.
Ojlorado t:iial A Iron..
36 14
36
Oonsolldat«d Gas Co
!!"
8H3 82
Delaware & Hudson Canai.'il! 136% 137

Oregon ImprovementCo...!"

Do

70% 70%

105 ig 106
96
96<a
Pacini.: M:ttl.....
38
38=8
PhiladflpliJaCo., Nat'osis
'76
,.,
78
Pullman Palace Car Co...!""i 201 2033^
Western Union Telegraph.
SS'^s 86ii

Oregon Railway

A

l>ret.

NaT. Co

t

'

l!:xpreiiii

Stocks.

30%
ISr-s 18%
57% 58%
101% 10478

'.'.'.'.'"

A

Co
Iiiuctivn Stocks.

"'"'

A

I

pref.;

Greeavllle. pref

}"; *'} ^^'ajiie AChlo
K
(ialcksilver Allulu^ Co

Do.
.V

pref
Allogh'r, DiexciVec:

A Texas
Arbor AN.
Midland

8I.1.0II13 .\rk.

Tol. Ann
\liL-lnlH

M

4314

28%
48%

102
26 14
65 14

26% 27
81
101
2OI4

39% 39%

52%

62

6238

•93

95

2038

23=8

21

33%

3338

27=8

28

48% 19
27% 27%

0478

38% 39 '4

93

93% 96
33% 30

97
39

52=8
273s

62%
23% 24
33
33%
27% 27=8
4S'=8 49%
27
27%
02

82

64%

65

61%

6434

61=8

110% 111% 11014110% 11014111%
•38% 39% 38% 39%
38% 39

IIII4

3OI4 30%
33% 36% •33% 30
81
81% 81% 8II4 •81
82
13078 13078 136=8 137% 1373813738
70% 70% 70% 70 '4 08% 697g
105% 10578
105% 103% '101 100

96

•53

82% 82
82
102 102
102% 102% 102 102%
26% 20% 26% 26% 26% 26%

82
101

61% 01%

•110% 111% 111

517,

27% 27% 27%

93

93

95
10378 10379 101
22% 21% 22
6538 66%
66
14
11
11
27% 27
27
6038
66
66%

36
35
35% 3638
81% 82
82
82%
130% 137=8 137% 137%
68

09

38%
77
76% 77% 76
203% 205% 199 20.-)%: 20139201 200 202
85=8 86%
83=8 80
83% 8578| 85=8 86

27
5,537 16
10,430 5136
23,487 10178
640 9034
10,655 50%
5,3S0 37%
1,743 90
11,247 8434

100
2.070
30,145

•76

79
202=8

8578

86%

71
103
7
13
14

Fel).

5,215
3,099
4,6.=i3

310
533
13,088
19,635

29

Jan.

13:

8
1

»

15
2

7

IS
15

7

15
15
14
14

IS

Feb. 7
Feb. 7
Feb. 4
Jan. 14
75% Jan. 14
13 Feb. 12
89 Feb. 15
110% Feb! 2
19=8 Feb. 4
77 Feb. 4
4434 Feb. 2
29% Feb. 1
69% Feb. »
48=8 Feb. 8
1938 Feb. 7
9% Feb. 12
35 Feb. 818 Feb. X
53% Feb. 22734 Feb. 11
62=8 Feb. 12
21 Feb. 11
33=8 Eeb. 12

450
8
Jan.
9,400 8178 Jan.
1,100 10738 Jan.
1,007 17% Jan.
21.^
0734 Jan.
300 37 Jan.
35,160 26 % Jan.
1,800 01 Jan.
00,l;!0 4334 Jan.
6,138 14% Jan.
1,017
8% Jan.
1,400 32% Jan.
700 16 Jan.
2,437 •19% Jiin.
4.610 23 Jan.
29,283 59 Jan.
9,810 21 Jan.
24,200 30% Jan.
17,140 22 Jan.
28% Feb.
50 Jan.
78,200 47% Jan.
27% Feb.
88,400 22=8 Jan.
8234 Feb.
5,7:5 76 Jan.
605 93 Jan.
103% Jan.
20 '3 Jan.
1,315 23 Jan.
6i)78Jan.
3,980 01 Jan.
40 110% Feb.
111% Jan.
40% Jan.
1,050 38% Feb.
100 94 Feb.
953a Jan.
11105
Feb.
5,853 98=8 J.in.
13,025 19% Jan. 35I 23 Jan.
118,350 63% Jan. 21; 66% Feb.
1,100 12% Jan. 3 14% Feb.
2,750 21 Jan. 9 27 7» Feb.
7,050 59% Jan. 5 6779 Feb.

3,250

202

Feb.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.

51%
91%
5%
11% Jiin.
12% Feb.
70% Jan.

75P
2,733

4,915
5,535

-152

.155

>152

114.

78

78
141

115
79
•140

152

155
115

'113

79%
143

79%
113

152
152 155
15214 152% xlSO 153
115
113 115
113%113%'113 114
79%' 7979 7979 79% 80
79% 80
'111
112
111 141
144 .111 144
I

I

38%
li.

1%
•15%
22=9

13%
45
'150
I

'

'7
*37iii

'16

10

I

21
30

1

|

I

.

I

»—

,

'-ine Ceriirleiit
e.Hl

7,603 106

6773

Oiioerun hvn A Coal
A Perry c..al A Iion....l 30%
JJ- 1
3138
TeniicRsee Coal A Iron
3138
pref...
"
99
•
„
Stocks,
Ac.
(Unl
tated.)
A,? ";V"
Aiiiel.
(%,tt„n 0,1 rnist
56%

^P"

4% .Tan.

519

105% 105%
90% 96%
38% 38%

65

96% 96% 96%
38% 38% 33% 3878
"7
78% 77
78
96

31

Denver A Rio Grande West.
Denv. Tex. A Ft. W., Vot. cort
Llizabetht. Lex. A Big Sandy
Oregon Short Line...;.... .

Rich.

27

27%
80% 81%

62

I

Trust
OlnoinnatlWaah.ABaItlnioro.'

Do

26 14 28

48%

*11*>

'l^o

Chicat'ii (las

Colnmliia

33=8

4878

5138
2678

23% 24
3278

2658

52%
27%
62%
23% 23%
33
33%
27% 28%
48% 48=8
27
27%
81% 82%

52=8
2738
62=8

Jan.

11

8

36% Feb.

1»
15

IS
8
31

15
2
12

14
1»
1

14
11

2
7

4
11

80% Jan. 21 85 Jafi. Itt
130% Jan. 9 138 =8 Jan. 3»
63 Feb. 151 72% Jan. 18
103 Jan. 11 107% Jan. 30
92 Jan. 21 97% Feb. »
35 % Jan. 301 40 Feb. 7
70 Feb. 8! 81% Jan. 2
172 Jan. 3 205% Feb. 11
83 Jan. 2| 86=8 Feb. 4

I

American
Wells, Fargo

27

80

1,000

Feb.
Feb.
Feb.
95 Feb.
7% Feb.
116% Jan.
30% Feb.
lit
Feb.
58=8 Feb.
106 Jan.
96 Feb.
60=8 Feb.
49 Feb.
95% Jan.
91% Feb.

|

*•*»"»
Unlt<,'(lStat«8

51%

6178

93
95
94
91
101% 102% 100% 103
102=8 103=8 103
2II4 22
21% 22
21% 22
21% 21% 21%
64 13 64
61
60=8
65% 6578 6538
66% 65
13 I414
*13
13%
1334 11
I414
13% 14
27
27
27
27
26% 27% 27
27
27%
05 14 6638
x05^8 6638
61=8 0538
04=8 66%
66

UnionPacltlo

Wabash

51% 51%
27 14 27%
0*2
62%
23% 21
32=8 33%

101
102
26
26
Is
65
65

*39ia 40
•93
95
102»9 103

.'

Bt PaulMlnneap. & Manitoba

Texas

51%

27

Jan. 2
Jan. 14
Feb. 7
Feb. 14
100 Jan. 4.
36% Jan. 16
23 Feb. 1»
20% Feb. 13
2138 Feb. 1»

59

8%
53%
36%

9%
70%
33%

8% Jan.
63 Jan.
21% Jan.

363
200
550

•29

9

.

pref

1880.

'

ew

Do

477gJan. 21
7% Jan. 25
51 Jan. 22
50% Jan. 24

125

1,

Highest,

98

Muwourl Paoltlo
•9
10
lOia 11
Mobile* Ohio
10
12
12
11
87
Kaahv.ChattanoogaA St. Louis 86% 8714
86
83
87% 87
87
87% 87% 88
89
New York Central & Hudson. 1091a 109^ 109% 109% 10914109% 109% 109% 109% 109% 109% 109%
Hew YorkChlo. <Sc St. Louis... 19
19
19
19% 19% 19% 19% 19% 19
19
19
19
74 Tg 74'8 75
Do
74 75%
1 St pref.
75
75% 75% 73
75% 74% 76
Do
43 44
2doref.. •43% 44%
41% 4158 4378 4379 13% 41% •43
44
2878 29
York Lake Erie & West'n
28% 2938 28% 29^8 28=8 29% 28% 29% 29
29%
69 14 69
Do
69
69
69
pref.
69
08% 68% 68% 69
09% 69%
Rew York & New Ensland
47% 4838 4738 48
47% 48 14 4778 43% 48
48% 47% 48%
I8I4 1838
Blew Y'ork Ontario & West
18% 1838 18% 18 14 18% 1838 18
18% 17% 18%
9 14
Hew York Susq. & Western.
9 14
9
914
938
9
938
9%
9%
9% 9%
•3414 34%
Do
34=8
pref. •3414 35
34
31% 3434 34=8 34=8 34% 34%
•17
Norfolk jc Western
17 14
17
18
17% 17% 16% 17% 1738 17=8 17
17%

Honhem Paolflo
Do
pref
Ohio & Mississippi

Lowest.

Shares.

5108

1889.

I.

2,525 94% Jan.
3,3iO 35% Jan.
21,605 17% Jan.
4,185 14% Jan.
1978
4,5i4 15% Jan.
2138
101% 100=8 103% 140,735 99 Feb. 13|lll%Jan. 15
45% Feb.
45% 45
45% 14,993 42% Jan.
100 Feb.
99
08% 98=8 12,415 91%. Ian.
6H38 Feb. 1
61% 637a 65 117.700 6138 Jan.
10038
99=8 100=8 13,732 98% Feb.
106 Jan. 14
99,738
10178
109%
106% 1057a 107%
Fob.
Jan. 15
~
1.0»5!ll0
142 Jan. 21
141
141 141%
Feb.
97
1007gJan. 14
95% 97=8 36,19Ui 95 Feb.
2,010 11 Jan.
19% Feb. ff
18% 18% 19
42% Feb.- »
42
41% 41% 1,1."SO 33 Jan.
•31
32
34% Jan. 14
32% 1,S.)5 30% Jan.
2,160 89 Feb.
91
90% Feb. 1
92
92
109% 109 110% 15,992 91=8 Jan.
110% Fel). 1.5.
74% 73% 74% 31,000 55% Jan.
71% Feb. 14
28 14 Feb. 7
27% 27% 2738 3,310 21% Jan.
143% 112 143=8 91,130 139% Jan.
141=8 Jan. 2
50 16% Jan.
10% •16% 1^
17% Jan. 14
200 42% Jan.
45 Jan. lO
43% 43% 44

2333 2338

28

Week,

8%
32% 53

.53%
•8

71
23
93% 95
93
94% 93% 91
7
7
6% 6%
0% 0% •0
111% 106 10978 107% 109% 108% 110

23% 23%
91
91%

0%

73%

26%

142% 142
•16% 17
16%

11138
'43

4414

108% 108

72% 74=8
26% 27

5438

8% 8%
52% 52%
86% 86%
98
98%
3638 36%
22% 2278

5(,

Manhattan EluTated, cousol..

Do

Feb. 14.

Prtday,
Feb. 15.

18% 1878
58% 58=8
101% 101% 101% 10476
96 98
93
95 97
95
98
96
90
91% 95% 94
50I4 5978
5938 59
GO
59% 60% 5934 60
60% 60% 00=6
42
43 la 44
42
4378 46
17
47
48%
48% 49
47%
•91
9i:t8 91%
95
94% 95
94% 917« 95
95%
941a 91%
8913 90
90
90% 90% 9078 90% 91% 91% 91%
90% 90
C8I2 tigifi
70
•70
70
70% 70% 71
09
72
73
71
luo 100 14 100 102% 10014102% 102% 102% •100% 102% 101 103%
6i«
6 7 •6 7 6 7
6% •6
7
5% 7
*12
*12
12 11 •12 14
17
14
14
*11
12
13%
12 19 121™
12 14 12-'Vi •12% 12%
12% 12% 12% 13
121a I213
>8
72=8 73 18
72
73% 72% 73% 72=8 73% 72% 7338 73
73=8

LakeErleA Western
pref
Do

Ma

Feb. 13.

40%

106

Bast Tennessee y a. diOa. K'y.

Thursday,

JAN.

Range Since Jan.

Bales
of the

Wednesday,

2II4 22
21>9 21>«
22% 23
1938
•18
19
I914 19 la
19!>g 20%
19
1978
20 13 iil
•19
20
20
20
20% 2138 21
lOo»8 loo's 1021s 1051s IOOI4 103 %
99 101% 09
*3\ 41>e 4116 45 14 441a 1518 44% 15
45%
97''8 98%
98
9812
x97% 98
98% 98<>8 08%
6318 6138
6316 61
ea'a 611s
63%
63% 61
9818 100
99 ^8 100 14
991s 100 13
98% 99»8 10038
10<i3» lOT'a 106 14 106 •'a 104Ta 106% 10514106% 103=8
nils 140 no's 110 141
140
141',i 141 14 141
97
97^ 9618 971s 95 13 971. 95
9(M4
957a
18% 18'8 18 14 18% *18
18% 19
18% 18%
41% 41% 41
4138
41% 41%
411s
42
31I4 32
31Ja 311s
31% 31% 31% 31% 31%
91ia 911-1
90 14 92
9113 92
89
90% 91
73>4

L,ii('k;iwaiiiia

52%

52%

Hiwking Val. ATol.

Delaware

Feb. 11.

52»8
5138
•98

WevelaJidCol.Cln.A Indlanap.
OoIuitibuH

Monday,

AND SINCE

j

I

57%
80% 88%

These are the prices bid and asked; no sale vas

made M the Board.

;

Prices

from both £xohanges.

36 141% Jan. 2'l53
64 109 Jan. 10 116
73% Jan. 4 82
40 131 Jan. 19 144
i

1,331

1

Feb.
Feb.
Feb.
Feb.

4

4
4
S

—
.

.

.

THE CHRONICLE.

212
BONDS

..

.

- LATEST

PRICES OP ACTIVE BONDS AT
Feb. 8. Feb. 15

22

22

8112
108>8

8214
1081a
9668

Loweti.

20

Jan.
Jan.
Jan.
guar.,
Obd. South— let
Jan.
96
-.:•,-han
Sa, 5s, 1913
l
Feb.
103
b.
103
lBt,7B,1890..
Oentralof N. J.—
121 V 120 Jan.
OonBOl.78,1899...
125
t l'J5
Jan.
125"ip.
1902.......
Osnvert. 7b,
'8
110
106% Jan.
General mort., 58,1987...... 108
119
Jan.
llSMh.
1151s
W.B.,cou.78,1909,aa'nl
LeD,&
.
109Hb. 1101*8. 108 Jan.
Am. Dock * Imp., 58, 1921113i4Feb.
a
116
114%b.
1898..
6b.
gold
central Paoiflc—
1(14 b. 10413b 1021s Jan.
Land praiit 6b. 1890
107 1» loeiiib. 105% Jan.
Mort. 68, 1936
86J4b 87 "ib. 79% Jan.
CheB. & O.— Gs.g., B,reors.cer..
87
7914 Jan.
Ext.coup., 4e, 1986, reors-cer. sek
S9ii Jan.
34Ja
33
6e,oiirrencT, 1918, reorg. cer.
I17I3
Jan.
117
II314
-•----•,;,•,•,•
Mort. 68, 1911
108
107 Jan.
14
OutB. O. &Bo. W.-S-fB, 1911 ... 1071a
i«b. 10014b.
Jan.
1926.
100
98
5b,
Ist,
Nor.—
&
Oblo.Bur.
13113b 131 Jan.
Oblo. Burl. & Q.— Con. 7b, 1903. 131>ab.
IO3I3 Feb.
IO5I3
1041a
Debenture 5b, 1913
9313
92'ab. 921s Feb.
Denver DlvlB., 4b, 1922
94
91 'e Jan.
Nebraska Ext. 48, 1937 ...... 94 »8
119
b. 118
Jan.
Cblc. & E. m.-l6t,B.f„69, 1907 119 b.
122
118 Jan.
1211s
Con. 68. 1934
103
IO313
97 Jan.
Gen. consol. Ist, 58, 1937
10359
99 Jan.
Ohio. & Ind. Coal R., iBt, 58, '36 104
ISSHib. I22I3 Jan.
Ob.Mll. & Bt.P— Uonsol. 7b, 1905 124b.
Jan.
iBt, Boutbwest Div., 6e, 1 909. 114iab. 114isb, 112
110 Jan.
Ut, 80. Mln. D1V.-68, 1910.. . Ill b. 112
'21 1(J6
1O514
103 Jan.
1st, Chi. & Pac.W.DW— 5b,
Wl«. i Min. Dlv.— 58, 1921 .... lOliflb. 101 b. 99 Jan.
Terminal 5b, 1914..... ........ 102 a, 1021a 100 Jan.
14158b. 143% Jan.
Ohio. A N. W.—ConBol. 7b, 1915 1441a
131 b ISO's
Gold, 78, 1902
1291a Jan.
12114b, 119
D.
119
Jan.
Sinking fund 6b, 1929
110 b. 110
lOSis Jan.
Sinking lund 58, 1929 . .
BlnUngfund debent.5B, 1933 110%b. llOHb 1C9 Jan.
106% lU6ia 105 Jan.
«>-yeardebeut.5B, 1909
101 b. 100 b. 93 Jan.
ExtenBion 48, 1926
Ohl. K. I. & Pac— bs, coup. 1917. 13213b 132%b 1311a Feb.
105=8
106
104% Jan.
Exten. & col. 5e, 1934
Oh. Bt.P.,M.& O.— CouBol. 68. '30 121^a. 12114 b. 1191a Jan.
98 lab. geia Jan.
Ob.Bt.L.,& PltU.— lBt,con.58,'32 96%b
96
Cleve. & Canton— Ist, 58, 1917. 95%
921a Jan.
130 Jan.
C. C. & Ind.— Consol. 78,1914 133 b
114iab. 112
Jan.
Gen. 68, 1934
103
100 Jan.
Col. Coal & Iron— let, 68, 1900. 101%
87%
Ool. H. Val. & Tol.— Con. 58, '31 851a
801a Jan.
85%b. 82 Jan.
Gen. gold, 68, 1904
85
120%b. 119 Jan.
Denver «i KioGr.— lBt,7s, 1900
lBtoon.4s, 1936
77
781a
75 Jan.
9114
Den. & K.Gr. W.-lst,68,1911. 881a
841a Jan.
8II3
ABseuted
78
73% Jan.
Den. So. Pk. & Pac— let, 78, '05 81 b. SOiab. 81 Jan.
Det.Mac&M.- Ld.gr.3i«8,1911 37 b. 381a
34 Jan.
DuL & Iron Range- l6t,58,1937 104
lOS'sa. 96% Jan.
lOSisa. 102
£.Xen. V. & G.— Con., 58, 1956. 105
Jan.
Bill. Lex. & B. Sandy— 68, 1902. 105
103 b. 99 Jan.
Srle- l8t. ooneol. gold, 7b, 1920 141 b. 141 b. 13714 Jan.
long Dock, 7b, 1893
112 b. 112 b. 110% Jan.
Con. 68,1935.
123iaa.
121% Jan.
H.1f.L.E.<feW— 2dcon.6s, 1969 103 14
1021a
98 Jan.
Ft. W. & Denv. C. -Ist, 6e, 1921 95
94%
90 Jan.
eaUH.iSan.Ant.— W.DivlBt, 56 9519
94 14 Jan.
Qr'nB.W.&Bt.P.- 2dlno.88,1911 23
22 le
18 Jan.
Gull Col.&Ban.Fe— l8t,7B, 1909 116
115 b. 106 13 Jan.
Gold, 68, 1923
Slijb. 70% Jan.
82^1
Han. & St. Jos.— ConB. 68, 1911 122% 122 b. 12014 Jan.

AU. * P»c.—W. D.
Guar., 4B, 1937

Inc., 6b,

1910

;—.-AKs
5b, 190is

78i«
1061a
9314
103

.

a

.

Henderson Br.Co.— Ist. 68, 1931 11014b. 110%b.
Int. & Gt.Nor.— Ist, 68,gold,'19 lOSisa. 107 a. 107
Feb.
Coupon, 68, 1909
72isa. 67
66% Feb.
Kent. Centr.— Gold 4e, 1987.... 79%
80
71% Jan.
KnoxT. & O.— iBt, 68, gold, 1925 103 >a 105 13 101 Jan.
h. Erie & W.— Ist g., 58, 1937 .. 108 lib, IO914
107 Jan.
takeSb.—Con.coup.,l8t,78,1900
128
125 14 Jan.
Con. coup. 2d, 7s, 1903
127
127 b. 124 Jan.
Long iBland- 1st, 78, 1898
119 b,
iBt, con80l.,58, 1931
115i»b. 115 b. 11414 Jan.
Gen. mort., 4b, 1938
9713
98
92% Jan.
Um. & Sash.— ConBol., 7b, 1898 12019b. 120>9b. 118% Jan.
E. H. & N.— iBt, 68, 1919
116i2b. 116 b. 116
Jan.
General, 68, 1930
112%b. 112%b. 112 Jan.
Trust Bonds. 68, 1922 ..
111% 112 b. 109% Jan.
10-40,68, 1924
10214b.
101% Jan.
60-Tear58, 1937
100%b. 100%b. 98 Jan.
lMU.». A. & Cb.— iBt, 68, 1910. 114 b. 115
112% Jan.
Coneol., gold, 68, 1916
98%
99
93 Jan.
Hem. & Ch'lston—68,gold, 1924 102 %b. 102%b. 102% Jan.
Metro. Elevated.— Ist, 68, 1908 117 b. 117 a. 111% Jan.
Zd, 68, 1899
108 b 109%a, 106 Jan.
Mlcb. Central— Ist, con., 78, '02 131iab. 131 %b, 131% Jan.
Consol. &s, 1902
112 a. Ill Jan.
Mil. Lako 8h. & W.— 1 st, 69, 1921
120
118% Jan.
Conv. deb., 09, 1907
97
98 8
92% Jan.
Ullw. & Nor.— M. L., 6b. 1910.. 108%b. I08%b, 106% Jan.
Extension, iBt, Os, 1913. ..., 107
106%b, 105% Jan,
Minn. &8t. L.— ist, 7b, 1927...
92
90 Jan.
Ho. K.ATex.—Con., 6a, 1920.. 56%
56
54% Jan.
Consol., 58, 1920
54
52 b 51% Jan.
Consol., 7b, 1904-5-6
92 a, 90%b 90 Jan.
MlBB'rl Pac.— Ist, cons., 6b,1920 111 b. 113%
110% Jan.
8d, 7b, 1906
120 a. 116% Jan.
Pac. of Mo.-lst, ext'd, 48',''38 98%
98 14b. 97% Jan.
2dM.,78, 1891
106 a.
104 Jan.
Hoblle &. Ohio—New, 6s, 1927
11278b 112
112% Feb.
General mort. 4b, 1938 .. .
50
45
41 % Jan.

H©T«-The letter" b"

Indicates prloe frid,and

1.

Sailroad Bondt.

HighetL

22% Feb.
8214 Feb.
108 "a Feb.
96% Feb.
1061a Jan.
122 Feb.
125 Jan.
110 Jan.
Jan.

119

no's Feb.
115

Jan.
1031a Jan.
1071a Feb.
86% Feb.
871a Feb.
S5 Feb.
118 Feb.
110 Jan.

lOOUFeb.
132 Teb.
106

Jan.
94I2 Jan.
04% Feb.
I1914 Jan.
122 Feb.
I04I2 Feb.

105

Feb.
Jan.
II5I4 Feb.
113 Feb.
106 Feb.
102 Feb.
1021a Feb.
147 Jan.
132 Jan.
121 Feb.

124%

Feb

110

IIOI2 Jan.
lC6ia Feb.
I0414 Feb.
133 Jan.
106% Feb.
121% Jan.
99 Feb.
96 Feb.
183 Jan.
115 Feb.
105 Jan.
87 19 Feb.
85% Feb.
I2114 Jan.
781a Fob.
9II4 Feb.
81% Feb.
8II1 Jan.
38% Feb.
104 Feb.
IO514 Feb.
106 Feb.
141% Fef.
112 Jan.
123 Feb.
103% Feb.
96 Feb.
95% Feb.
25 Feb.
116 Feb.
87% Jan.
122% Feb.

109%

Jan.
Jan.
Feb.
105% Feb.
109% Feb.
128 Feb.
127% Feb.

74%
80

115%
98

120%
117
113
112

101%
101%
116
100

103%
117%

Feb.
Feb.
Feb.
Feb.
Feb.
Jan.
Jan.
Feb.
Feb.
Feb.
Feb.
Feb.
Feb.
Jan.

110
133
lll%.Feb.
120 Feb.
98 Feb.

109% Jan.
107% Feb.
92
62

Feb.
Jan.

57% Jan.
92% Jan.
113% Feb.
119% Feb.
101
105

113%

50%

a" prloe asked;

'

STOCK EXCHANGE, AND KANftE SINCE JAN.

N. Y.

SoTtge tinee Jan.

Olotino-

Bailroad Bonds.

[Vol. XLVIII.

Jan.
Jan.
Feb.
Feb.

all

Oloting.

Range

Feb. 9\Feb. 15

Lmneti.

99 Jan.
Mutual Dn. Tele.-S. t., 68, 1911 102%b.ll01%b.
129 Jan.
Nash. Ch. & St. L.— iBt, 78, 1913 130 b. 131
101% 101 %b. 9858 Jan.
Consol. 5s, 1938
N.Y. Central— Extend., 58, 1893 107 b. 106%b. 101% Jan.
N.Y.C.&H.— 1st, op., 78, 1903 13.'i%b. 135% 133 Jan.
112 b. 112%b. HI Jan.
Debenture, 58, 1904
133 b. 133 b. 130 Jan.
N.Y.&Har.— let, 7s, 1900
95
94%
9158 Jan.
N. Y.Ohlo.&8t.L.— let, 48, 1937.
N.Y. Elevated— let, 78, 1906.... 118 b. 118%a. 116 Jan.
N. Y. Lack. & W.— Ist, 69, 1921. 133 b. 133%b. 131% Jan.
Ill b.
111% Feb.
Construction, 5s, 1923
108 b. 108 %b. 108 Jan.
N. Y. &Nor.-l8t, 58, 1927
115
112 Jan.
N. Y. Ont. & W.— Ist. 69. 1914.. 115
97%
94 Jan.
N.Y.SuB.&W.— lstrel.,59, 1937. 96%
Midland of N. J.— Ist, 6s, 1910 115%b. 115%b. 114% Jan.
Norfolk & West. -Gen., 69, 1931 118%b. llS%b. 1 17% Jan.

116%
North. Pacinc—l8t,ooup., 68, '21 117%
114%b. 114
Gen'l, 2d, coup.. 1933..

1,

1889.

since Jan. 1,

115%

Jan.
Jun.
102%
97% Jan.
107
103% Jan.
70%
04% Jan.
116
115 Jan.
119 b. 119 Jan.
106
103 Jan.
50 a. 44% Jan.
73 b- 71% Jan.
106% 104% Jan.
111 b. 110 Jan.

112

Highest.

102%
130%
102
107

135%
112

131%
95

118%
134

Feb.
Jan.
Feb.
Feb.
Jan.
Feb.
Jan.
Feb.
Feb.
Feb.

lli% Jan.
108% Jan.
115

97%
116%
119

117%
114%
102%
107%

Feb.
Feb.
Jan.
Feb.
Feb.

Feb.
Jan.
Gen'13d, couii. 68, 1937
Feb.
N. Pao.Ter.Co.- let, 69, 1933. .. 107%b.
73 Jan.
Ohio Ind. & West.— 1st, 58, 1938 70 b.
116 Feb.
Ohio & Miss.— ConsoL, 7s, 1898. 116%b.
119 b.
120 Jan.
2d, consol. ,78, 1911
106 Feb.
Ohio Southern— iBt, 6b, 1921. .. 106
49
49% Feb.
2d,lno.,68, 1921
7358 Feb.
Omaha & St. L.-lst, 49, 1937.. 72 b.
106% Feb.
Oregon Iinpr. Co.— let, 69, 1910 100=8
112% Jan.
Ore. R.&Nav.Co.— Ist, 68, 1909 lll%b.
105
105
102 Jiin. 105 Feb.
Consol., 59, 1925
Oregon & Transoon.- 6s. 1922.. 103% 105% 101% Jan. 105% Feb.
108 b. 108 b. .106%Jan. 108% Feb.
Penn. Co.-4%8, coup., 1921
107 b. 104% Feb. 101% Feb.
Peo.Dec.& Evans.- I8t,.68,'20.
Evansv. Dlv let, 68, 1920. . 106 b. 107 b. 102% Jan. 109 Feb.
71%b. 75%
75% Feb.
66 Jan.
2d mort., 59, 1927
93
94 Jan.
8858 Jan.
PhU. & Read.— Gen. 4a, 1958... 93
84%b.
85%
Fob.
94% Jan.
84%
1958
Income
5s,
pref.
iBt
73
73
82% Jan.
72 Feb.
2dpref. income 5s, 1958
b.
68%b.
68
02% Jan.
53
Feb.
1958
income
58,
3dpref.
81%b. 76% Jan.
82% Feb.
Pitt6b.& West.— l9t,g., 4s, 1917 82
64
63%
64% Feb.
58
Jan.
Urexel
cert
&AU.—
Ist,
78,
Rich
30%
31% Feb.
26 Jan.
2dmort., 6s, 1916, Drexel cert 31
115%
Jan.
114
Jan.
1915
Cons.,
68,
Blohm. A Dan.—
87%b. 87%
88 Feb.
86 Jan.
Consol. gold b!K, 1936
97%
Jan.
97
99
96
Feb.
Trust
W.Pt.Ter.—
6s..'97
Klch.&
Rooh. & Pitts.- Con8.,6s, 1922 115 b 115%b 113 Jan. 116 Feb.
Borne W. <& Ogd.— let, 7b, 1891 108 b 108 b. 107% Jan. 108% Jan.
110% 108% Jan. 110% Feb.
110
Consol., extend., 58, 1922
at Jo. <&Gd.l8l.— l8t,68, 1925 107 %b. 107 b 104 Jan. 107% Feb.
Jan.
St.L. .\Jt..S!;T.H.— 1st, 7s, 1894. 112%b 110 b. 112% Jan. 114
106
108 b. 105% Feb. 110 Jan.
2d, M., pref ., 78, 1894.
106 b 107 b. 104% Jan. 104% Jan.
2d.,M.,lno.,79, 1894..
97%
97% Feb.
92 Jan.
St. L. Ark. A Tex.— l9t, 68, 1936 97%
33 Feb,
37%b. 36%b. 35 Jan.
2d, 69, 1936
106%b.
110
Jan.
106
b.
Feb.
106%
St. L. & Ir. Mt.— Ist, 78, 1892
107
107 b. 105 Jan. 107 Feb.
2d mort., 7s. 1897
102%
103
Jan.
1891
102%b.
Jan.
102
Cairo & Fulton— 1st, 78,
106
104 Feb. 106 Feb.
Cairo Ark.&Tex.-l8t,78,1897 105
90
Feb.
88
90
81 Jan.
Gen. Ry. & land gr., 5s, 1931.
Jan.
Jan. 116
St. L. &. San Fr.- 69., 01. A,1906 117 b. 117 b. 116
b.
Feb.
117
117
118
b.
115% Jan.
68, Class B, 1906
117 b. 117 b. 115% Jan. 117 Jan.
6b, Class C, 1906
Feb.
b.
116
117 %a. 116
115% Jan.
Gen'l mort., 6b, 1931
102% 103 b. 101% Jan. 103% Fob.
Gen'l mort., 59, 1931
119
Jan.
8t.P.M.&M.— Dak. Ext.,68,1910 lla%b. I19%b. 118 Jan.
116%b. 116 b. 11S% Jan. 117 Jan.
l8toon8.,6B, 1933
reduced to 4%8.. 100%b. 100%b. 98% Jan. 100% Feb.
Do
97
97
96% Feb. 98% Jan.
CoUat. tr., 58, 1898
89%
Montana Ext. Ist, 4s, 1937... 89%
83% Jan. 90 Feb.
92% Feb.
92%
90 Jan.
Shen.Val.— lBt,7e, 1909, Tr. rec. 92
31%b. 31 Jan.
34 Feb.
34
Gen'l 66, 1921, Tr. rec
96 Feb.
94%b. 95
90 Jan.
80. Carolina— let, 6b, 1620
55 Feb.
53 b. 53 b. 47 Jan.
2d, 6b, 1931
7 b.
5% Jan. 10 Feb.
Inc., 68. 1931
Feb.
So. Pac, Ariz. -1st, 68, 1909-10 107 b. 107 b. 105% Jan. 107
114%b. 114 Jan. 114% Feb.
Bo. Pao.,Cal.— 1st, 68, 1905-12.. 114%
106 b.jl05% Jan. 108% Feb.
Bo. Pac, N. M.— Ist, 69, 1911. .. 108
95% Feb.
95
59 Jan.
Tenn.C.I.A Ry.—Ten. D., l9t,6e. 94
9 i % Feb.
93
95%
89 Jan.
Birm. Dlv., Ist, 68, 1917
89%
88% Jan. 91% Jan.
Tex. & Pac.— Ist, gold, 5s .2000 S0%
39% Jan.
37%
38
36 Jau.
2d, gold, inc., 5s, 2000
107
99 Jan. 107% Feb.
Tol. A.A. & N. M.— 1st. 68, 1 924. 1106
Feb.
Tol.A.A. & Gr.Tr.- Ist, 6s, 19211106 b. 107 a. 103 Jan. 107
Feb.
Jan. 103
Tol. & Ohio Cent.— l8t, 5s, 1935 102%b 102%b. 101
l6t,6e, 1916 98
99
92% Jan. 99 Feb.
Tol.St.Uit Kan.
116 b. 116%b. 115 Jan. 116% Feb.
Union Paoitic— l8t, 68, 1899
102% 102%b. 102% Feb. 102% Feb.
Land grant, 78,1887-9
119%b. 120
119 Jan. 120% Jan.
Sinking fund, 88,1893
109 b. 109 b. 111% Jan. 111% Jan.
Kan. Paoitt 0—181,68, 1895
110 b. 110 b. 109% Jan. 110% Jan.
let, 66, 1896
DenverDiv.— 6e, 1899
114 b. 114 b. 114 Jan. 115% Feb.
112 Jan. 116% Jan.
115% 115
let cousol, 68, 1919
Oregon Sh. Line -Ist, 68, '22.. 111% HI b. 111% Feb. 114% Jan.
84
78% Jan. 85 Feb.
Virginia Mid.— Gen. m.,5s, 1936 82
42 Feb.
42 b. 37% Jan.
Wab.8t.L.& P.-Gen., 66, Tr.rec 41
93
9358
Chicago Dlv.— 5s,1910,Tr.rec
88% Jan. 94 Feb.
87 Jan.
Wabash— M. ,78, 1909, Tr. rec. 87
87%b. 86 Jan.
95 Feb.
93
9A%b. 89% Jau.
Tol. & W.—l8t,ext.. 7s, Tr.rec
l6t,8t.L.Div..78.188P,Tr.rcc 93
94
93% Feb. 94% Feb.
90% Feb.
2d, extend., 7s, 1893, Tr.rec. S9
87 b. 87 Jan.
Feb.
89
Con., conv., 78, 1907,Tr.rcc. 88
86 b. 86 Jan.
91 Jan.
Qt.West.— lst.78, 1888,Tr.rec. 93
93 b. 89 Jan.
89 Feb.
2d, 7b, 1893, Tr.rec.
87 b. 87 Feb.
West Shore- Guar. ,48
106
106
102% Jan. 106% Feb.
West. N. Y. & Pa.— iBt, 5s, 1937 98
95% Jan. 99% Feb.
99%
2d mort., 3g., 58C., 1927
43
43
39% Jan. 44 Feb.
West. Un. Tel. -Col. tr., 58, 1938 102%
102%b. 98% Jan. 103 Feb.
Wheel. & Lake E.— 1st 58, 1926 03%b.!l04 b. 102% Jan. 104% Feb.

102%

—

—

.

.

C—

•

other prloea and the ran<e are from aoloal sales.

STATE BONDS.
BECUBITIES.

Bid.

Ask.

SECURITIES.

Alabama ClassAStoS

1906 104% 105% Missouri— 68
due 1889 or 1890
Class B, Ss
1906 111
Asylum or University, due 1892
01»"C,*«
1906
101%
Funding
1894^1895
10-20j
es,
1900 102% 105
New York—68, loan
1892
ArkaiiBss—6b, funded.. 1899-1900
12
6s, loan
1893
7b, Little Rock & Fort Smith, Ibb
12
North Carolina— 68, old
JAJ
78, Memphis A Utile Rock, Iss..
12
Fimding act
1900
7s, Arkansas C;«ntial RR. .
6
10
New
bonds, J. A J. ...1892-1898
8«orgl»— 78, gold
1890 104% 106
Chatham RR
tenlmana— 78, cods
1914 108
Special tax, Class l!Il"."II!!"!
Stamped, 4b
86
86% Consolidated Is
1910
MIehlgsn— 7s
fsfjo 105
6b
1019
1

Bid.

SECUEITrES.

Ask.

100%
104
106

I

Ask'

South Carolina~68, non-fund.1888

4%

4%

Brown consolidated 68
1893 104% 105%
Tennessee— 68, old
64
1892-1898
Compromlae, 3-1-5-68
1912 74
New 6ettlementH-6e
1913 103% 104
58
1913 100% 101%
1913
72% 72%
38

UOH

110%
35
10
20
6
6

93% 93%
124% 125

Bid.

Rhode Island— 6b, cou.. 1893-1894 110%..

Vlrgiuia— 68,old

I

68, congolidated bonds...
68, consolidated, 2d series
6b, deferred, trust reo

48

70
50
9

9%

MJJJ
FlURCABT

10,

.

AJ
.

I

THE CHRONICLK

1880. J

213

(iJflNERAL QUOTATIONS OF STOCKS AND BONDS.
'tti'lo p<3r shtre.
Snw York ropresont thn i>or oeat v.ilne, wlintcvor tliB p»r m%Y l)o; ottiur iiU')tUlia«<»-efrj(iU9a6ly
" 001U.4
ThB following aiilirevlatlons i»r(i oftdii iisoil, viz.: "M.," for m )rt<iii{6: "k.." f>r i^ijld; "i('d," for gaaraatsad; " aail.," for eadoraed
"8.
for
"1.
Uad
f.."
forslnkiiu
run.
tfraut.
foroonv<irUl)l«
I;
fOroongoliiliitod; "iioiiv.,"
Qnotatloua In Mew York are to TUiirsilay from other oltlos, tu Ute mall dates.
Sobsorlbera iwlU coaftr « fliyor by giving: noHce of aar ef or dl«ooyer«d In the»e <>H<>Httlon<.
QnotaMon»ln

;

i?.,''

;

;

Bid.

Dniteo States Bonds.

CITV SECIIRITIKg.

Aak.

Bid.

(Continued) UNITED STiVTKS BONDS, 107^8 108 Baltimore—
68, bounty, exempt, 1893. .M&S
re^..«i—
4>«B, 1891
>4
109
109
water,
M&N
58,
1894
4IM, 1891
ooui>.. q—
Q—
68,1900
reK...Q-^ 128\ I29I4
48, 1907....
1!29>«
West.
123%
Md. RR., 1902.... J&J
68,
coup., .a—
4a, 1007
M&N
58, 1916
J*;J 120
reg
6a, Currency, 1895
48, 16'20
Q—
JA-J 122 Hi 125
reg
68, Curreney. 1890
Bangor, Mo.— Water.ea, J905. J&J
reg....J&J l'J5ia
6a, Currency, 1897
E. Ji N. A. RR. 68, 1894
J&J
J&J
reg
6a, Cnrrcimy, 1898
Bath, Me.— Os, 1902
Var
JiJ 131 14
ree
6a, Currency, 1899
4148,1907
J&J
S'l'ATK HK<-|IKITIE».
A.l»baina— Class "A," 3 to 5, 1906.. 1041a 105 >a Belfast, Me.— 68, railroad aid '98
111
Boston, Mass.— Water 6b,1908 .Var
CU88"B,"5s, 1901)
100% ioi>4
Water 6s, gold, 1908
Var|
01ae8"C," 4s, 1906
Water 48, 1917
Var:
J 4 J 102 >a IC5
6a, 10-20, 1900
12
Water 3"«8. 1917
A&O
Aj-kansas— 6s, funding, 1899. J Jk J
12
Brooklyn, N.Y.—Park78,1924. J&J
78, L. R. &Ft. 8.1eaue,1900.A & O
12
Bridge 78, 1924
J&J
78, Memphis & L. K., 1899. A & O
Parktis, 1924
J&J
78,L.R.I'.B.&N.O.,1900.A&O 12
12
18
Bridge 58, 1919
J*J
7a,HiBS.O. &. R. Riv.,1900.A 4 O
Bridge 48, 1926
6
J&J
78, Ark. UentralRR.,1900.A & O
Water 38, 1905
J&J
7e, Levee of 1871, 1900... .J &J
Oonnectlc't-New,rg.,3'48,1903.JAJ -4104
<5102

New, res. or couji., 38, 1910 ..
Dakota Ter.- 68. 10-208 of 1887
4is«. 10-208 of 1987

DlHt.CoI.— Coni.3-658,1924,op.F.feA
FnnillngSs, 1899
J&J
Perm. Imp. 6s, gnar., 1891 ..JdcJ
Perm. Imp. 78, 1891
JiJ
Wasb.— Fund.loan(Cong.)68,g.,'92
B^nd. loan(Leg.)Cs,g.. 1902Var

J

102
121i«

109
107
108
106 ii
124
109
Market stock. 78, 1892
129
Water stock, 78, 1901
ISO
do
78,1903
Florida—Consol. gold 68
J <& J 5110
104
Oeorgia-78, gold bonds, 1890.Q—
4>sa, 1915
.J&J 109 >3
Louisiana— New con. 7s, 1914. J&J 108
85 '8
Stamped 4 per cent
Baby bonds, 38, 1886
F&A 41
Maine— 3s, 1890-1929
A&O

War debts

...AAO
Maryland- Os, Hospital,'87-9 1 .J&J
68,

iof'

S106

6s, Oct.. 1889.

110

41S8,

113
106
110

43 >«

101%

.J&J

1894
J&J
1897
M&8
MlchtRan— 7b, 1890
M&N
Minnesota- Adj. 4iss, 1912, 10-30.
Missouri- Fund, bonds, '94-95. J&J
58, gold,
68, gold,

Long bonds, '89-90
J & J
Asylum or University, 1892. J & J
New Hampshire—58,1892
J&J

War loan, 68, 1894
War loan, 68, 1905

J&J
J&J

New Jersey—6s, 1897-1902.. .J&J
68. exempt, 1896
J&J
Kew York- 68. gold, 1892 ...A&O

104 >t

lUij
116

6b,

48, reg., 1912
Rhode Isl'd—Ua, 1893-4, coup. J&J
South Carolina— 6s,Non-fun(£, 1888
Brown consols
Tennessee— 68, unfunded
Compromise bonds,3-4.5-68, 1912

Settlement, 68, 1913
Settlemeut, 58, 1913
Bettleiueut, 38,

Texas- 6s, 1892

1913

M&8

7b, gold, 1890-1910
7b, KOld,1904

J

Virginia- 68,

Do

5s,

5s,

&

_

68, Bait.
O. loan, 1890....
6g, P<(ik. 1890
68, bounty. 1893....

Price nominal

;

F&A
J&D
J&D

100
95

J4J
105

103
100 19

J&D

1920

A&O
J&D

J. -7s,

M&N

78,

1902... Var

123

J&J

123

M&N

1808

O
A&O

120
112
111

M&S

10-408, 5s, 1920

lbs'

101
101
102
102
106
120
118
108

J&J
Lowell, Mass.— 68,1890, W. L.M&N
Lynchburg, Va.— 1901-4
J & J
1923

Water

M&N

Manchester, N. II.- -68, 1894..

J4J

1902
48,1911

127
121
106

J&J HO
J&J 118

6s,

Mllwaukee,Wi8.— Water78,'02.J&J
J&.l
Water 48, 190H-7
ruedlat

irest.

95

aluLonion.

106i«

iTiii
12314

109
ioo>a
77ii'

122

142i«
112

101%
111

96
117
109 >«
109
102>«
iiJi"

99
106>a
1121a
1-20

1191a
126

104
127
135
120
116
116

lU
99

107««

116
104
100

115
111

93
55

50

124%
115*4

118% U9ia
112

113

101 la 102

115
991a

78%
92

86ia 87
Caiifor. So. -Ist 6a, g,,1926.J&Jl§103i« 105
M&S? 49>a 50
Income Gs, 1926
113
Chic. & St. L.— l8teB, 1915. M&S
98 101
Chic. Sin.Fe&Cal.-lst 58,1H37
92>a
South. Kanfiaa, 1st 5s, 1626. M&3I 92
80»a 81
Texas Div., Ist 58, 1927. .M&S
83
81
Income us. 1927...
Collateral Trust, 5s, 1937.. .F&A

lot
100
110

123
loa
122
125
103

115
24

Guaranteed 7s, 1909 .J&J&A&Oi§ll3
A&O § 99
58, 1909 (1st mort.)
M&S § 78
5b, plain bonds, 1920
A&O § 91
4148, 1920

J&J

136
113

I

East, exten. M., 78, 1910... A&O
A&O
Income, 7s. end., 1894
Atch. Top. &S. Fe-l8t,78, '99 J&J
Land grant, 78, g., 1900 ....A&O
J&D
Sinking fund, 68, 1911

,T&J

112

Pa.— 68,1898-'99 J&J I25I4

RAILKOAO HONDS.

1907

•--Mi

118

tax

(Bonds 0/ eonipanies coiisoVt&lWiW
he found under the consoled name,)]
Ala. Gt. Southeru- 1st mort., 1908 «113
Debenture scrip, 68, gold, 190U..j«100
e 96
Gen'l 'mort. Ss, 1927
~
Ala. N. O. T. &c. Ist deb. 6b, 1907. g go
e 45
1907
J&D
2ddobent. 6s,
Alb 'y &Su8q.— Cons. 78, 1906, guar. 133

J&J

ao.

sll6
125
120
104

new, reg., due 1905
J&J 134
1900-4
J&J 111
Pittsburg, Pa.-58, 1913
J&J 120i8
78,1912
Vai 135
78, water, reg. &op., 1898. .A&O. 126
4s, 1915
J&D 105
6s, Conaol,, 1904 reg
J&J 120
Poitland,Me.— 68,RK.Ald,1907M&S5ll.'3
4s, funded, 1912
J&J §101
Portsmouth, N.H.—6B, '93, RR. J&J §106
Poughkeepsle. N. Y.— -78, water long § 140
Providence, R.I.— 58, g., 1900... J.ifcJ §114
68, gold, 1900, water loan.. J & J §123
J&D §108
41SS, 1899
3123, gold, 191H
M&S § 9914
Rahway, N. J.-01d78
34
74
New a^ustment, 48
Richmond, Va,— 68, 1914
J&J 120
8s, 1909
J&J 140
58, 1921 & 1922
J&J 111
100
4s. 1920
Rochester, N. Y.— 78, Water,1903 .. 5141
48. 1912
F&A 101
F&A IO7I9
St. Joseph, Mo.— 68, 1903
Comp'mlse 4s, 1901
F&A 94
St. Louis, Mo.— 68, 1899
Var §115
§10813
gold,
1894
63,
Var. §l07is
5s, 1900
§101
4a, 1905
§100
3-658, 1907
§123
Co.—
St. L.
68,1905
A&O
St. Paul, Minn.—48, 1912
§ 97
§106
413S, 1916
§112
58. 1915
§tl9'4
63, 1904
78,1898
.. .. §11914
§124
83, le97
Savannah- F'd 5s, oon8.1909 Q— Fj 102i«
1905..A&O^l^6ifl
SprlngUeld, Mass.— 6s,
A&O J 3414
78, 1903, water loan
N §il9ia
Toledo, O.—7-308,RR., 1900.
Var §114
88, 1893-94
Var §113'«
68, 1899
A&O §113
6s, 1913
Var. V y^"*
4s, 1913
Washington, D.C. See Diet, of Col.
Worcester, Mass.—6b, 1892... AAO §10
A&O §11A'»
5s, 1905
A&O §103
48,1905
SijB, 1905
J&D} SjI*

Minneapolis, Minn.-Ss, 1392. J&D

Purjtiaseralao pay.i

132

68,

J&J.

6s,

Memphis, Tenn.— Comp.
Tax Diat., (is, 1913
TaxDi8t,0s. 1915

129

A&O 104
A&O §1111* i'li"'
J.&J §133 137
M02% 103%

Conaol. mort. ,68, 1906, guar. A&O

J&J

loan, 6s, '96

58,1905
Macon, Ga.— 68

'97ii

117
141
129
131
124
112
110
106
lOS

Var

M&N

Ulegh. Val.— Gen. M., 7 3-108. J&J

J & J
8s, 1905
Lynn, Mass.- Water loan, 68,'94. J&J

7a, 1901
4138, 191215
48, 1915-17

5

110
120

6s, 1900
Long Island City, N.Y— Wat6r.78...
Louisville, Ky.-73, 1903
Var
Var
6s, 1897
4s,

5140
5128
J&J §130
M&.N §118
M&N 5l08
M&N 5105
M&N §102
A&O §105

—

..............
58 1905
Ijiwrence, Mass.— 68, 1894.. .'a&

106
105

M&N
M&N

M&

J&J
78.

Funding 68, 1909
F&A
Hudson County 58, 1905.... M&S
Hudson County, 68, 1905
J&J
Hudson County 78, 1894.. ..J&D
BayonneCity, 78, long
J&J
Kansa-s City, .Mo.— 88, 1896... Var

42

Q—
Q—

no late trnnsa tons.

1928

68.1897

M&g

'

103
100

Indianapolis, Ind.-"D"7-3,'99. J&J

Albany, N.Y.— 7s, 1910-16. ..M&N
08, 1U15 to 1919
.M&N
48, 1920 to 1930
M&N

4isa, 1916
Augusta, Me.— 68, 1905, Fund .J&J
Augusta, Ga.— 7s, 1900-2
Var
68.1905
J.tj
Austin, Teiaa— 108
Baltiuiore— 68, consol., 1890. .6—

120'

1912

Jersey City— Water
Water 6b, 1907

i^KCUHITIES.

J&J
J&J
jAj

112

68, funded...,

10-40B,ep.& reg.,3to5, 1919. J&J

68,1895-6
68.1914-15

1041s
97i« 100

1904

1892
104
Improvement 6s, 1898
58,1901
101%
do
73 >4 Houston, Tex.— lOs

New 3s(Rlddleberger). 1932. J&J

'87-fi7. V«p.
4'g8, coup., J885-1901
Var.
48, coup., 1901
Var.
AUegheny Co., Ss, cp., 1U13.J&J
48, not loan, 5-lOs
4s, riot loan, 10-208
58,
do
10-20S
4s, refunded, 5-20S. 1891-1906..
4a. Court IIou.se, 1908, reg.. J&J
Atlanta, Ga.- 8«, 1902
J&J
Water 78, 1904
j&j

.

F&A

1920

Hoboken, N.

&
&

Allegheny, Pa.—8a,op.,

J&J

Hartford, Conn.—Gs, 1897
J&J
10-25 years, 414S, 1890-1905. J&J

from 10-408.

cm

Var

Fltchbure, Mass.— 68.'91,W.L. .J&J
Galveston, Tex.-88,1893-1909.M&8

&D

old, 1886-'95...J
J
6e, new bonds, 1886-1895. .J
J
6a, consols, 1905. ex-coup
J&J
6a, oonaol., 2d series
J&J
68, deferred bonas. Trust rec
Tax-rec' vable coups., from cons'is

J&J

EUzabeth, N. J.— New 13,1912. J&J
Evansv., Ind.— Water 6s, 1912. J&J

M&s!
J&J

Vermont—68, 1890

M&S
J&D

68, W. L., 1906.-.
31S8, 1911

A&O
F&A

1919

M&N
A&O

5s, Street Improvement,
Detroit, Mieh.—78, 1894

Penna.— 5s, new,reg.,'92-1902.P&A

96%

J&D 114^

48,

Water, 68. 1900

A&O
68,8peolal tax.class 1,1898-9A&0
48, new, cons., 1910
J & J

llOij

J&D

Va.—6s

Philadelphia,

105

M&N

Dallas, Texas— 8s,
10s, 1893-96

J&J

1892-8.'.

RR

8s, special

5a

J&J

Chatham

1934
1895
N.Y. City— 7s, 1900
68, 1900
68, gold, 1901
58, 1908
5d, gold, J896
4b, 1906
3i«8, 1904
3b, 1907
116
Norfolk, Va.-68, 1914
128>«
8s, Water, 1901
100
58, 1916
Norwich, Ct.-58, 1907
"S3
7s, 1905
Omalia, Neb.— 69, 1891
Orange, N.J. —7s, long
106
Paterson, N. J.— 7s, 1900
6s, 1901
ib'gi^
4s, 1908
58,
7s,

Co vlJigton. Ky —V'-SoV,*! 892 " "pA
7-308 Waterworks, 1890.... A&O

68, gold, 1893
A&O
No.Carolina—6s,old, 1886-'98.J&J
68 N. C. RR., 1883-5
68
do
7 coupons off ...A&O
68,fundingactof 1866 1900.J&J

new bonds.

.

Cons. 68, 1923, extended.... J&J

Peteraburg,
88

1937,new

10a
10a

117
124
117
135
132
3118,1910
A&05 98>t 100
N. Brunawlok.N.J.— 78, water, 1904 112
Var 108
68,1906
New Orleans, La.— Premium 5a .. 13738 137%

Var
68,1910
,
Var
1895
Var
Aqueduct, 1905
New Bedford.Mass.—68,1909.A&O

Cinoinniitl, O. -7-308, 1902 ...J&J
7s, 1903
Var
Var
68, 1909
gold,
1906
68,
48, 1905
Var
48, 30-508, sink, fund, 1931. J&J
58, 30-508, sink, fund, 1930
Hamilton County 48...

48,
58,

iba"

104
104
116
4122
§115
132
§131

78,
7s,

WcBt Chicago 58, 1890
Lincoln Park 7s, 1895
West Park 7s, 1890
South Park 6s, 1899

1900
1907
lOSij
1903
Columbus, Ga,— 78
111
131

81

112
100

A&O

4i»8, 1896
58, 1909

1900

68,
58,
4s,

Aak.

78

Tenn.— 6a, 1907. ...Var

Bridge 6a, 1905

A&O
M&S
J&J
F&A

Cleveland, 0.-7B, 1894

.

68,
68,

Nashville,

3-658, 1902
Cook Co. 78, 1892
Cook Co. 58, 1899
Cook Co. 41*8, 1900

SO's

new

Newark—4a, 1906

J&J

N.Y.— 78, 1924-5
Water 58, 1898 9
Water 48, 1904
Water 3193, 1905
Water 3s, 1916

Buffalo,

Bid.

Mobile, Ala.-4-58,funded,1906J&J
Montgomery, Ala.— 68
58,

Cambridge, Maa8.-Water6a,'96.J&J
City 6s, 1904
J&J
Var
Wator3'«s, 1911
Charleston, B.C.— Conv.7s,'97. A&O
Conv. 48, 1909
J&J
Chicago, 111.- 78, 1892-99
68,1895

Q—

1890
1899

S-658,

Maaaaohusetts-Ss.gold, 1891. .A&O:

115

.

,

CITT Seohkitier.

Aak.

H Coup

>tL-

onslnoe le69.

!§

1J
I

FJ
M

1

J

THE CHRONICLE.

214

[Vol.

XLVm.

AND BONDS— Continued.
For Krplanatlons See Notea at Head of gtrat Page of aaotattons.

QENTERAL QUOTATIONS OF STOCKS
Bid.

Railroad Bonds.

—
AXell. Top. * 8. F6— (Oontlnned)
Wicb. & Went.— Ist 69. 1914. J&J
lst.78.A&0
FlorpiiceA El Dor'do,

Cbloago

A&O
tnoome, 68, 1900
AaantloA Pao.-let48, 1937.. J&J
AiO
W. D. InooBies. 1910
Oentral Div., old 68, 1901
Incomes, 68, 1922
do
ace. ld.gr. 68.1891
do
Augusta & Knoxv., 7a. 1900. ..J&J

4s, plain

Neb. Ext.,
112»«

A&O
M&S

1071a

A

B wton & Albany—78, 1892.. .F&A

1(9
113

losyioa
599% 100

Var.

M&N

lOl

Boston & Maine— 78, 1893
J&J UO's
78,1394
J&J HI
Boat. & Providence— 78, 1893. J&J 5111
Boet.A Revere B'li—l8t,68.'97.J&J ill0"4
Bridlord Bord. *K.— let,68, 1932
, -

,

Bf»df.Eld.& Cuba— l8t.68,1932J&J
Brooklrn Ele.— Ist. 6s, 1924. .AiO 119% 110
89
2dmortg,58, 1915
J&J
Uniou tl.— Ist, 6s, 1938. ...M&N 106% 10714'
B'klj-n &iyiontk.— l8t,5e,1911.Mi!;S WIO
2d mort.. '-8, 193S
J&D 5104
Bruns. & West. 1st, 48, 1938. .J4J
Bofl. Brad.Jt P.— «en.M.7e,'96. J&J 101
Bnft.N. Y.&Erie— 1st. 78. 1916.J&I.) 143
145
Bnll.Ri)cU. & Pittsb.— Gen.Ss, 1»37
97
Eoclr. &p., 1st, 6s, 1921.. ..F&A
Consol., l8t «8, 1922
J&U
•nfl.4c Sontbwest.- 68, 1908. .J.&J

Bur.C.K.&N.— l8t.58,new,'06.J&l.
Iowa

U.

&

tr.,

W., let,

116
115

85
98

98 -i
85

5a,1934..A&0
78, 1909 M.kg

C. Rap.I.F.& N.,let,6s.l920.A&0

do

Ist, 58,

105

1921.... A&O

OilMor. Pao.— l8tM.,4'se,1912 J&J 107
SI M.. 6s, g.,end C. Pao., '9 .J&J 102
8d M. (guar. O. P.), 6s, 1905 .J&J (103
do
do
3s, 1905. J&J
55
Cmnrten & Atl.— 1st, 78, g.,'93..J&J

112

1

2d mort., 6a, 1904
A&O
Cods. 6h, 1911
J&j
Canada So.- l8t.i8,guar.,1908,J&J
2d mort.. 58, 1913
M&b

C»i>e t"ear&Yacl.Val.,l8t,68,l016.CaroUna Cent.— l8t,U8,g.,2OO0.J&J
2d.lnc., 68, 1915
A&O

IOSI4

101% 1021a

1191a

M&N
M&K

1081a
108>«

Cedar F.&Min.—l8t, 78, 1907. J&J
*'un<l.

coupon

7e,

1895

.

Atob.Ool.JiPao.,lat,68,1905Q.—
AtoU.J.Co.&W.,l8t,68,1905.Q,—
Cent, of U».— l8t.cons.,78,'93.J&J
Collafl trust 58, la.il
M&S
Central of N. J.— I8t,7s, 1890.F<ltA

106

961)

Sd. inc., 68. 1910
A&O
Oatawissa-Mort., 7s, 1900.. ..F&A

OBnt. Br. U. Pao., Ists, 6s, '95

74

80
102^8

101

51 14
26 »»

116

II6I4

Oeu. mort., 5s, 1987
7«, oouv., 1902
Consol. M., 78, 1899
Conv. debcn. Cs, 1908
Am. Dk.& Imp. Co.. 58.1921. J&J
Iieb.& Wil.— Onn. 78.p..l900,a8.'<.Q
Oent. Obio-lat M.. 6s. 1890.. M&S
BoOfK. eOUB. lsi,4'2rt, l9.jO.Md!H
Osnt. Pac— Ist, 6»,gold, 1895 .J&J
l8t, 68, Kold, l»06
J&J
1*1, 68, gold, 1897
J&J
la*, «8, golil, 1898
J&J
B Joaciulu, lstM.,6a,g.l90O.A&O
C»l.*(jr.C.P.bond8,68,A,'92J&J
l*nd grant M., Cs, g., 1890. A&O
Mortgage bonds, 68, 1936. ..A&O
West. lacif ., let, 68, g., '99. .J&J
Oharl'tc Col.&A.— ConB.,7B,'95.J&J
2d mort., 7s, 1910
a&O
Ch»rtler8-let,78, 1901
A&O
ClMM AOblo.- Pur.moiiey f<1..6a'Hb
Beriea A,08,190H,coups. otr A&O
%gold, aer. B., rourg. certs.M&N

'

A
A

MAN

&

AAO
AT.—
MAS
JAD

A

951s

i'oV)% 106>ft

12913 133

ICO
105
100
79

103
82
901*
871a-

87

A&O

reorg.tt!) ..M&N
int. del.. 19I8. .J&J

CU.&Ind.CoalK'v,lat5s,193d J&J 103% 104

Col.Springf.AC- lst.7s,1901.M&S|§l07% 108

Chic. Mil. & St. Paul—
P. du C. Div., lat, 8s, 1898. F&A
P. D.,2d M., 7 3-108,1898.. F&A
R.D., Ist, $, gold, 78, 1902 ..J&J
J&J
La. C, lat M., 7e,1893
J&J
I. &M., Ist M., 78, 1897
Ist
M.,
1899.
J&J
78,
Pa. & Dak.,

Col.

noi«

118I9 123
104ia'105

A Rome.— !8t. 63, gu.Cent. Qa. 107
C0I.& West.- Ist, 68. guar Cent. Ga.l 108
Col. & Xeniar-lst M.. 7s,1390.M&.>* §103
Conn. & Paasump.— M., 7a, '93. AAO 4 IOI4
Maaaawippi, g., 68, gold, '90 JfelljlOo
Conn. West.— Ist M., 78, 1900. JAJ l5 -7
CJounectiug (Phila.)— lat, 6s ..MA.SI 117

124 14
120
119

lam

1141a

118

MAS

,

.

1

1

Evaos.AInd.- l8t,guar.,g.,6s,1921
.JAJ
Ist, eon., 1926
Evaus.A T.H.,lst oon.,6s,19.!l,JAJ

&

Mt.Vemon— Ist,
68,
7b,
4-,

ibsie 126

lin
9514

Plinl

&

A&O

A

P.

g.l9
Var.

lis,

...

.lAu
A,»U

1897
1894
1907

Bost.H.T.

114
i

68, g.,19231.A'»

Evanav.T.H.AChi.- lat.

Fitohbiirg— 58, 1899-1903

A

A&O

.

§

92

West., d.:b. of, 1913.

Mani.— M. 68,l92o.AJiO

C—

Worth & Deuv.
Ist, 6s, 1921
From't Elk'nA Mo.V.— 6s,1933AdiO

iVsJia

Ft.

931s

Bait— l8t, 78, 19U0 .. J&J illlis 113
Cin.
1171J. I'ik'
Ciu. Georg.
Posts.— lis, 190 1
1021s
e8% 871a Cin. Ham. &Dayt.— COU80I.08A&O
106

M

iim

32

—

. .

11^
iVi"
St. PaulAd.City, Isi Ua.l919.A&0
109»9 110i« Chie.A W.lud.-a.fd. 60, 1919 M&N
IM
Oeneralmiirt., 69, 1932 .
O—
123 lis" Chic. A W. Mleh.-58, 1921 ."Ij&U

8719

A

&

|....

87

1001*

Cumborl.Vai.— lstM..8s,1904.AAO
Dayton & Mich.— Con. 58,1911 .JAJ §io5%!io6i*
125
Dayton A Union— 1st, 78, 19li9JAD
Dayt. A West.- l8t.M.,63, 1905.J&J 11113
1st M., 58. La C. & Dav.l9i9J&J 10214
IIII4
,118
JAJ
112'a
1st
mort.,
7a,
1905
J&J
80. Mimi. lat 68.1910
Delaware Mort. ,68, guar., '95. JAJ
.J&J 118
Chic. & Pac. Div. 68, 1910
105% Del. A Bound B'k— 1st, 7s,1905F A A 130
do West Div., 58,1921. J&J
98
no
9j%: Del.Lack.A W.- •Conv.78,1892 JAD
Chic. & Mo. Riv. 58, 1926. ...J&J
101
141 >•
MAS
Mort. 78. 1907
Mineral Pt. Div., 58, 1910...JifcJ
Den. A R. G. lat 78,gold,190a.MAN 120%
Chic. A L. Sup. Div., 58, 1921J4J
77
101
l8t
con.
J&J
14
4s. 1930
Wis. &Minn.Div.,5s. 192L...J&J
102
81
Impr.. g.,58, 1928
J&D 75
Terminal os, g., 1914
J&J
Dubuque Div., 1st, 68, 1920. J&J ,11314 1131a Deuv.A Rio G.W.— lst.63, 1311MAS 90I4 91
7978 80
do
asaouted
Wis. Val. Div., Ist, 68, 1920. J&J IClia 1021s
8II4
120
81
Denv.S.P.APac- lst,78,1905 MAN
Fargo&South.- 6s,a88.1924.J&J
85
83
85
Des M. A Ft.D.— Guar.ls, 1905. JAJ
Inc. conv. sin. fund 88, 1916 J&J
56
2iaa,
Istmort., guar.,
911a!
1S05 JAJ
J&J
Dak. & Gt. 80.58, 1916
1st M on Ext., guar. 48.190oJAJ "ai'
Wisconsin Val., 1st 7a. I&09.J&J Sl2 3ia 124
^U4
1151a Det.AB.C.lst.8s,eu..M.C.1902.M*N
(nito.A Northw.-Con. 78,1915.(3—
Oon80i.,gold,78, cp., 1902. .J&D 1301a 13111 Det. B. C. & Alp..l8t,6s.l9l3 JAJ 10713 108
Det.G.HaveiiAMil.— Equip.68,1918 ell7 120
Sinking lund, 6s, 1929
A&O 121
Con.M.. guar. 6s, 1918
A&O ell6 119
do
5s, 1929
A&O 110 111
118 >«
II014
Det. L. A North.— lat, 78, 1907. JAJ 51I8
debent., 5a,1933..M&N
do
40
Exten.bda. 48, 1926
F&A 102 104 Oet. Miick.A M.— Ld. gr. 3ia3. S. A.
IOJI4
106ia
Dub. A Dak.— lat .M., 63, 1919. JAJ
25-yra. deb. 5s, 1909
M&N
Dub.AS. City— l8t.2d Oiv.,'94.J&J 111%
Escan.&L.Sup., Ist, 68, 1901.J&J 111
Oul.;th&lrouR.— lst,.53,1937 A&O 103% 103'>»
Dea M.AMian'8,lst,7s.l907.F&A 124
89 »»
D aucn S Sh. & Atl— 53,1937.JA J
Iowa Mid., 1st M., 88, 1900. A&O 133
Dunk. A. V.& P.— l8t,78,g..l900J&l) no
Peninsula, 1st, conv., 7s,'98. M&S
Chic. A Mil., l8t M., 7s, '98.. J&J 1211s 121% E.Teuu. Va. A Ga.— lat, 78,1900 JAJ 121
JAJ 108
Mil. & Mad., lat, Os, 1905. .M.&S. ll7ie
Divisional, 5s, 1930
lAJ
Madison Ext., lat, 78, 1911. A&O 130
Ala. Cent., Ist, 68, 1918
ioiifl KjSH
Menominee Ext. ,1st, 78.1911 J&D 130
MAN lOlifl
Consol. 5s, g., 1938
Nortbwest.Uu., l8t.78, 1917. M&S 134
JAD
Ist Ext., gold, 5s, 1937
Winona&St.Pet.— 2d78.1907M&N 134 136
Eiiuip.&imp.,g., 53, 1938. .MAS
110
Ott. C. F. & St. P., 58, 1909 M&S 109
Mobile A Birm.. 1st. 58,1937.J&J,
110
North. Ills., l8t, 58. 1910.. MAS 108
Kqoxv. & Ohio.lst, 68, 1925. JAJ| 103% 104H
119
..
Chic. &Tomah.— lst,6.s.'05.MAJr cllo
East. A W. Ry., Ala. -1st, 69, 1926
I0il4 Ea8tern,Maes.— 6s, g..l906. .M.ts 5123ia 125H
Cedar R. & Mo— 1st. 7s, '91. F&A 105
14ia
,13214
I32»a
lat mort., 78, 1916
1
Amboy-M..53,1920M&N
Easton
A
M&N
2d mort., 7s, 1909, gaar...J&l> 1II8 119
Elizab.Lex.ABig8.—6a. 1902. MAS 104 IDS'*
10 la ElmiraA W'lnspt— Ist 6s,1910.JAJ 12
S. C.& Phc, 1st. 6s, 1898. J&J
IO13
95 14 951a
Chic.Peo.&St.L.-Gu.5s,1928.M&g
AAO 107
Perpetual 58
133
Chio.R.I.&Pac.— 6s,1917,ooup JatJ
Erie A Pittsb.- 2d, 78, 1890. .A&O §100
Exten. & col. 58, 19.34
JAJl 113
T.J&J io's'i* 105%
Con3. mort,, 78, 1898
<3hio.&S.W..lst.78.guar..'99.M&N
AAOi§101 108
EcLUipment, 7a, 1900.,

II314
113i«
II3I4

115

HOIb

8514
Coaaol.Rii.oi: Vt., 1st, 5s, 1913.J&J § 85
Cor. Cow.
Ant.— Ueb.6s, '98M&N 105 106
9IOII4!
Cumb.
Penn.— Iat6s.'91

Ha8t.&Dak.Ex.l8t,7s,1910.J&J izuifi 121
J&J 100 103
58, 1910
do
Chic. & MU., lat M., 78, 1903. J&J 124
J&J 124
Consol.. 7s, 1905
Ist M., I. & D. Ext.. 78. 1908JAJ 123
1141* llUls
lat M.,G8, S'thwest Div.l909J&J

Chic.St. L. &P.— 1st, 58, 1932. A&O
Ckio. A Gt. East., 1st, 78, 93-'95
103
Col.A Ind. C, 1st M.,78, 1901. JAJ il20
do
2d M.78,1904.M&N (115
116
Un.& Logau8p.,lst,7», 1905.AAO ,117
114
Cin. A Culo. A. L., 78, 1890 FA i. 100
109
el07
Chi. St P.A K.C.-lst. g, 5s,la Je Jdi
06
104 lU4ia Chic.St.P.Min.&Om.— Cou. Cs 1930 I21I4 122
106>a
Ch.8t.P.A Jllnn. lst.68,191 S.MAN
1.16

101

103
110
107 «»

1

110

Uustamptd..
do
do
Gal.Har.A8an 4.nt.— lst,6s,g. 1910
J.vD
2dinort.. 78. 1905
126
West, Div. 1st, 58, 1931
M&N
}113 114
Qal.Hous.A Heu.— l8t,5s, 1 9 13 A&O
»bl2 Geor;4ia— 78, 1890
JAJ
JAJ
51101s nils
Oa, 1910
5l07i
Georgia Paeillo— 1st, 6a. 1922. JA.I
"99 1»
Ooa. 2d mort., 53, K, 1923. ..AAO
61071*
Cou. iaoumo, 53, g., 1923 .- .\&0
107 14! Gr.Bap. A Ind.- lai, l.g., g'd, 73, ^.
5lOJ

Consol. mort., 7s, 1905
A&O
33%
C<msol. mart.,6s, 1905..
A&O
«* 1911,
A40 II714 il8"
mort., gold, 4ias 19 j7."' j&j
21
Chea.&OiiioKy, J8t58, 1939. MjiN 94% 9>
Oln. H. & 1., Ist M.,
Uaes. O. * ». w .—M.og, 1911.. *aa 1071* 10S>« Oln. I. St. L. & Chic— 7s. 1903.J&J
Con. 68. 192<
mort.. 68, 1911
F&A 74
77
1st gold 4b. 1936
Q_i,
Cheehlro— 6b, 1800-98
J&J 5107 103
Cin.AIndianap., l8t.,78, '92.J&1)
Cllle.& Alton— lBtM.,78. '93. J&J
U21
M..7S, 1892
2d
T&.1
BtorUng mort., 6b, g., 1903.. J&J «122 12
Indlanap. C. &L., 7e, 1897 'i'AA 5ll3i» llaiaj
lat M.,7s, l.g., gold, not guar. A&U
Bda. Kan.C.llne,6e,g.,1903.M&N| 124 125
Cln.Lat.&C.-l.,t,7_8,g.l901.M&a ^116
Ex laud grant, Ist 78, '99
l<U««.KlT.BrmKe, l8t.,e.l.,08,1912 1(!6
Cln.Jack.&Mac.-l8t,.58,1936 J&D
'97ia
Couaol. 53, 1924
M&.S
L«Ut8'a& Mo.K..l8t,7»,l!>OOKo;Al 121
Ciu. Van W. & Midi. ls',Hs,1901 »o'
93 ;Gr.B'yW.A.St.P.— l8t,6a,l911.F.&A
I/OUln'i. ,<M
It .'2,1. 711.1 !lliOM.t-N' 120
Cin. I.eb. A Nor.- lat. 5b, 191i!J&J
100
2d, incomes, 1911..
•Pilwnouunaij nul»t6tr*nsaotlon».
{ ParohiiBer also pays aoorued Interest.
Uoupoj u.'
e In Loudon.
a In Amsterdam.

•.curreniy,

12

Cle.v.AkronACol.— lst,6s,1926JAJ sl02ia
Gin. M.. g., 5a, 1927
M&< 92''9
94%
B35e Cleve. ACanton-lst. 5s. 1917. J&J
112
Clev.Col.Cin.AInd.— l8t78,'99M&N I2II2
llHia
J&IJ 133
Consol. mort., 78, 1914
107
Cons. 8. F., 78. 1914
J&J
90
Gen. con. 6s, 1934
JAJ iVs'
111
Belief. A Ind. M., 78, 1899... JAJ 115

92

&

.

110 112
100 la
103 i03H,
J&J 109 109'8
M&W 125
Q— I2114 123
M&N 106

bteo. 48, 1986,

95

51
26
11

&

1893

Oonsol mort., 6a, 1893
A&O
Boston & Lowell— 78, 1892. ..A&C
J&J
6e, 1896
J&J
Sa, 1899

Cons.lst&col.

93i«

g4>a

M&N

J&J

411,190.^-6-7
4>«(. 1903

Cleart.

M&8
A&O
J&D
A&C

&

F&A

'ons. 7s,

Bait. Short L., 1st, 7s, 1893. J&D
A Jeff.-lst.O.s, 1927 .JAJ

108

m. Grand Tr..

&

Beecli Creek— Ist.g' Id. 48.1936,J&J
J&J
BeU'B Oap— let, 78, 1893
Belvldere Del.— l8t,68,c.,1902. J&1>

'

1927

L.8.A M.S., 1901.. AAO

7s, guar.,

Cin.Wash.AB.— l8t,gu,4ia3-6sMAN
103
2d mort., 58. 1931
JAJ
3d mort., gold. 38-48, 1931.. FAA
103%
Income 08, 1931

A

M&N

«i.l895

4b,

& Mo. K., I'd M., 7s,'93.AAO

Ask.

113
120

Can.ASp.- 78,C.C.C.AI.,1901.AAO

42
62

120
Cleve.
Mab.Val.— G. 5s, 1933J&J
,
„.
§104
i<i 105
Clev.
Pitts.—4th M., 68, 1892. J&J
Ist. 88. '90. ..AAO
102
Consol.
8. F., 7s, 1900
110
Dixon Peo.A H., Ist, 88,1839 -J&J
125
Colorado Mid.— 1st, 68, 1936. .J&D
111
Fox R., 8s, 1900. J&J
Ott. Oaw.
106
Coeur
d'Alene.—
1st, 68, 1916. .MAS
118
Quinoy& Wars' w, let, 8s, '90. J&J
124
Columbia Gr.— lat, 68, 1916. JAJ
124
Neb.— Ist, 78,1908
Atcli'n
100
2d
mort.,
63.
1923
1<
Chic. Burl.& Nor.— 5s, 1926..
9i
Col.
Cin. Mid.- l8t,6a, 1914. J&J
Debent. 68, 1896
Columbus Hocking Valley
Can. So.- 1st, 7s. 1902
Chic.
Con. 5s. 1931
Wefft'n.— l8t, 58, 1926 5 831a 84
109
Ohio. Kan.
25
25 «
Gen. 6a gold, 1904
Income 68, 1926
Col.AHook.V.— lstM.,78.'97.A&0
East lU.- Ist mort. 68, 1907 iigi* 12 J
Chic.
121
122
do
2dM., 78, 1892. JAJ
-".s
1st, con., 6«, gold, 1934 ....
108H
103 ig 10il4
Col. AToledo— l8t7s,1905..rAA
lia
Gen. con., let, 58, li)37
101
!«
do
2dmorr., 1900.M&S
1(J9»3 Chic.
Gr. Trunk— Ist, 63., 1900..
95 100
OhloAW.Va.,lst,s.f.,7a,li)i0MAN
105
Chic. &Gt.W.-lat.g..S8,l93b.J&0

192.'^

Sterling, 4's8. 1933
JAD
Sterling, 5b, 1937
Bterllng, 68, 1895
Sterling mort., 68, g., 1902 . . MAS
do
68, g., 1910.
B»lt.& Pot'o— l8t, 6s,g.,1911A<S;0
iBt, tunnel, 68. g.. g'd, 1911. J&.I

Boau i;oac. & Mon.—

Bur.

MAS

M&N

Bur.&Mo.(Neb.),lst,6a,1918.J&J
do Cons, 68, non-ex.. J4J
do 48, (Neb.), 1910... JAJ
do Neb.RR.l8t,7s,'96AAO
do Om.A3.W.,l8t,83,1896

AdiO
Bsionnipe &Omo-New 48
F&A
8«gold, 1925
F&A
Oousol. gold 5s, 1988
..A&O
1919.
Parkersbtire Br., 6e,

1927

bonds, n921

Bid.

Oin.Rich. AChic.— Ist, 78. '95.J&j;«110ia 112
Cin. Rich. A F. W.— l8t,7s,1921 JAD 5115
Cinn.Sand.A Clev.— 68, 1900. .FAA ,100 iboi*
21 mort., 78, 1890
JAD 5l02ia 102^
Consol. mort., 56, 1928
J&J }l02»a 103

.

Honurtt, 18t, 78. 1910, guar.. J*J
WlohlteJc9.W.,l8t,78,e.,giia..l902
Atiauta & Cbarlotte Air L.— l8t.7B

Railroad Bonds.

Ask.

114%

do l8tguar.(564),7s,'94A&0 114%
do 2dM. (360), 7s, '98.. J&J 1171s
do 2d guar.( 188) 78,'98 J&J 117
75
Chlo.& Atlantic- Ist, 6s,1920.M&N
2d. 68. 1923
VAk"-^A'^
19O0..J&J
Con8.,7e,
(Hilo. B. &Q.—
J&D 4102
Bonds, 5a, 1895
A&O 1081a
5a. sinking fand, 1901
MA^ 103
58, debenture, 1913
A&O 6107
Iowa Div. 5s, 1919
AAO 97
Iowa Div., 4a, 1919
F4A 92
1922
48, Denver Ext.,

income 78. M&nl 1081
do
K.Mex.&So.Pao.l8t,7s,1909.A&0;^lls
Pueblo *Ark.V., 1st, 7s, g.,1905.j§ll4i«

Cione. 48,

& Alton— (Continued)—

8t.L.Jack8'v.* C, l8t,78,'94.A&0

110
119

K.O.TopekaAW.,lstM.,78,«...T&J

BoliuylKlU Kiv. East Side 5s,

Bid.

Railkoad Bonds.

Ask.

.

1

I

|i

MJJ

FKMKUAnT

-

MFJS

J

THE CHRONICLE

10, 1889.J

215

GENERAL QUOTATIONS OF dTOUKS AND BONDS— 'Jomti.soicd.
For Bcplxnatlon* See Note*
RAtLKOAD Bonos.

euU Col. A

Ask

Bid.

Railroad Bomds.

JV-lst, 7s,1909 JAJ 115
A&O »1\ 82
8(1, 0«, Kola. 1023
123
H»ii.AHi,.I.i.-C(iii. 6«,191l..M&S 122
(TarrlH. 1". Mt. J. A t,.— l8r,4R..l!ll3 103

UOO

19)7 .MA-N
Ho'nt.K.AW. IVx.— lst,78,'98.M&N
2.1, «». 1913
JAJ

108

,Vi

niMLxiilonlc— (\,iiH.

.^fl,

50

a.&Tox.Cen— Ut7»,Tr.

123 •»
123141121

rco..l89l
W(.et.r)lv., Igt, 7«,Tr.rcc.'91.r&J
WiiiM)AN.\V.,lat.78...'..19in.J4J

119
CiiiiM. luort.. 'i8.l913,Tr. rep. AAO
0.\n. iimrt. 6«, 195D,Tr. reo.AAO
7U
78
Hunt. »!. Br.Tiip-Ist, 78, •90..AAO
24 iimrr., 7*, /?., 1895
FAA
Coils 3il M. .Sa, 1S95
A&O 104 >« 10441
I

ni.Ceiit.— l«lC'lii.A8pt.G«,'98.J&J
l9t, ko1(1.4k. 19.->1
GoliI, Siss, 1951
Col. ti-., giild. 4», 19.i2
Bfliliilo Div. reK. ."is, 1921...
eterlliiK, 8. F., 5s, g., 1903..

AAO
F&A 116
AAO el07
99

lOlif

119
109

112
8tprIlii»t,eeu.M..ti8,K.,1895.AAO ellO
etorllnir, 5fl. 1905....
JADi«107 109
Clilc St.AN O.-lst con. 78, 1897. 120
2d, Gs. 1907
JAD
120'«
Ten. lien, 78, 1897.. «
Be. 19.51, Kold
JAD liei'a
tnil.D. A\V.-Gol,l,3s,l917...AAO

MAN

2d

111.

luc.

r>»,

1948

50
105

JAJ

Dec.ASp.— l8t,7a,1906.A<S;0 101
Ind'poUs&St.L— l8t,78,1919.Var. sM12
Ind.

tad'apolisAVin.— l8t,78,1908.FAA 116
2(1 mort.. Gs, jf., >niar.,1900.MAN 103 >s
Int.AGt.Niirtli.— lst,68,1919.MAN
2d coup. 6s, 1909
MAS 07=8
lonla&Laneing— l8t8s,'89. ..JA.I 5101
Iowa 'Vnt.— Ist c, ,58, 1938. .JAU 82
IaFall8 A 8.
l8t,7s,l917.AAO 5130»fl

92

CU. P.ASr.L.,l6t,.'i8.«r.,1928.MW
IJtohIrt C. A W., I St. 6a, 1 9 1 6. JAJ
J.oiii8vili« A sc. L., Ss, n<27.A.&.0
Ji'ir^rsoii— Ui .5s, gu ir. Erie ..1 9oH

102 «

Mad.AInd.— l8t,78,1906.AAO 114
2d mort., 78, 1910
JAJ, 119
Kanawlia A O.— 1st ds lii.fG J AJ- 65
K»Q. (J.(;iiutmi A apr.— Ist.5!!,1023
99

K.C.Ft.8(.ott.t

G.— l8t.7a,1908 JAD

Kan. C.Wy.AX. W -l«t5a.l93^.J& J
Kan. Cent. Ky.— Gold 48, 1987.JAJ
K«okultApe9M.-lst.5a,Kiiar.AAO
Kln?8. A Peini'.— 1st, C.<, 1912 JAJ
I,akeE&W.st.-l8t.s.,.58,1937JAJ
Lake Shore A Mich. 80.—
01. P. AAah.,new7«, 1892. .AAO
Boa. A E., new bda, M.,78,'98.AAO

107
103

IJttlen.A .n.-m._i8t..53,l»37.MA8
Loatj Ul.ind— latM..78,1898.MAN
l«t conaol. 5s, 1931
Q—
Gen. Jt. 48, 19.18
".TaU
Hswt. A Fl.. lat, 78, 1891. ..MAN

10»i8

A

^ ^'- K.lst con.

latex:. K. 4a. 1938
Car. B., 1st ,0),g. 1893

3d mortgage, 78,1906
Trnst, eold, -^a, 1917
Leroy

AAO
MAS

MAN

A

.Morg'n'sLa.ATex.,l8t,e8,1920JAJ
AAO
lat mort., 7«, 1913
Morris A Essex- 1st, 78, 1914 MAN
FAA
2d mort, 78, 1891
JAJ
Conv. bonds, 7s, 1900

106% 107
72 la
126

NaaUiia

A

33

lOlialOl
lll4

119

85
iVi
104 la
98
08
118

102
52

Lowell-Oa,

New 2d

cons. 6a, 1969
Collateral Tr. Gs,1922

8733

JAD
MAN
JAD

2amoit.. inc.. .'is, 1;.J4
40
jrAS
J^uisv.Somh— lstHs.if.l917..M,A3
85
Maine Cent. -Mun. 7^, 1898. ..JAJ 118
Jjiten.hondt, 68, s., 1900... AAOi 110
Cms. 78,1912
AAO 132

HO
120
112
13 J

Beorganiiafu 1 st lieu, 6.^, 1908
Gold IQCoiue bonds, 63, 1977

102
108
107
103

:oj
105

2d sold

An

Irwcoic. A Ken., 6«, I8v 0-91
Lertda A I'armVfn, 68, 1896.JAJ
Po-tl. A K..Con8. .M., 68, ' if..AAO
Ujoeiiture. lU. in. '.a. U'0'>.PAA

'Prices nominal;

'

Fund.

58,

19G9

1st ooni.fundconp.,7g,1920M,ViS

mort., 7», 1893. .JAD
10213
con. K-, 68, 1935 ..AAO
do
110
N.Y. A North. -Isl g.58,i92V.AAO

no late traoBaotlons.

lioaii

N.

Dock

49%
57
72
116
150

124^ 127
145
108

1041s

102
lis'

107

IJO
lk3>a

95
118
9
137

114
1131s
lOll,

941a

138
110

110
75

iVi"

123
108
Boi«
1927
Y. N. H. A H.lstr,4e,1903.JAD iVfii Ill's

iPoichaser also pays accrued lutorest.

do
Cons. M.

series
63.,

130

120

B
JAJ

1904

Con. mort, 8tg. 63, g.,1901...JiR.i

Union RR.— lat,

68, end. Cant.,'9 J

Northern Pacitic—
P. D'Oreille Div., 63,
6s, 1919

1919. .MA?

MAN

Mo. Div.

116%

Gen'l 1. g., Ist, 6a. 1921
JAJ
Gen. land sr.,2d, 6B, 1933.. .AAO
Gen. lanl gr., 3d, 63. 1937.. .JaO

115
1021s
101
107

A PaL.lst Gs, 1936.MAN

119%
103%

Income, 68, 1920
I. A W.— lat pId.5a,1938..Q-J
Q-J
l8t 08, 1933
2d .5s, 1938
Q-J
lud Bl.AW.— Ist, pf.,78, 190O.

lat M., 5-6, 1909. 1'r. rec.AAO
iQoome, 192 1 , Tr. roo
East. Div., 68,1921.Tr.rec.JAD
Ohio A Miss.—Cons., 8.fd.78,'98 JAJ
JAJ
Cons, mort., 78, 1898
AAO
2d mort., 7s, 1911
JAD
l8t gen.. 5s, 1932
Ist.Spriugr. Div., 7s, 1905. .MAN

Ohio River RR.— lat, 5s, 1936.JAD
AA')
Gen. KOld, Ss, 1937
Ohio Southern— l8t 6s, 192 1 .. .J AD
2d income, Ga, 1921
FAA
Old Colony— 68, 1897
JAD
68, 1895
MAS
78, 1894
4ias, 1904
AAO

18
l'l6>i

ii5;4!ii«%
"
119
90
106
lOO

Boat,O.AFitchb.,l8t.78,'89-90JAJ
B. C. F. a N. B., Ss, 1910 ..JAJ
N. Bedford RR., 7s, 1894 ..JAJ
Omaha A St. L.— 1st, 4s, 1937. .JAJ
Orange Belt— Ist .M., Os, 1907. .JAJ
JAJ
Orog.ACal.- IstSs, 1927

Oregon A Tranacont.—68,1922 MAN

Oaw.AKomo— lat M.,78, 1915.MAN
Panama—Sterl'gM., 78. g. '97.AAO
Subsidy bonds, Eng.

109
102
135

isaue, Gs. ...

Penu.RU.— Gen.M,6s,cp.,1910(i--J
tJ—

Cons, mort., 68, 1905

CVjllateral trust, 4ifl8, 1913. .JAD
Consol. 5s, 1919
Penn. Co., 6s, reg., 1907.. ..IJ.—

JAD

lat M.,4ia3, 1921.JAJ
do
Ponn.A N.Y.Cau,- lat. 78, '96. JAD

142
102 14 1021a

18.

Northea8t.,S.C.— Ist M.,88,'99,M its
2d mort., Ss, 1899
.Mi>
Northern, Cal.— Ist. 68, 1907. .JAJ
Northern Cant,— lias, 1925. .AAO
2d mort., 68, 1900
AAU
Con. mort., 68, g., coup., 1900.JAJ
Mort. bds., 53, 1926, serlesA JA.I

11319 Ohio

iOtf% 107 18

MAN

I

124

do
North Penn.—l8t,78, 1896.... MAN
Gen. mort., 7s, 1903
TAJ
Debenture 63, 190)
...MAS

S r..P. A Nor. Pac. gen.63,1923. FA A
HelenaA RedMt.lst,Gi, 19 i7MAS
Dul. A.Man.. 1st, Ha, 1936... JAJ
113
Dak. Ext., lat. s.f. 63, 1937. JAD
N0.P..C.& .Muu.. lst,68, 1938. MA3
>'8l2 North. Pac. Ter. Co. -l8C,6a.'33..IA.)
105
Norw'h AWor.— Ist M.. 6s.'97..M v
12J
Osd'n8b'gAL.Ch.— Ist M.63,'97,J A.J
MAS
aiuklng fund, 8a, 1890
AAO
Consol. ,6s, 1920

,'i

1

2dM.,ext.5-6a,'90-1900

54

125

AAO 129
JAD 143
g., '93. FAA ao7
FAA ilU8

118>«

116
113
1^3
10^ «

3dM..6a, '96-1900.JAJ
M., Sa, 1900..! AJ
extended 5a, 1900.JAJ

Spokane

6212

,

l.'Ulv.N.o.ATe.x.-l8t.48,l931.MAS

«5
100
93
100

97>4
771a

Va.A Tenn.. 4th

Divld.ud scrip ext. 68, If 07. JAJ
Jamia Riv.Val.— lat,g.,63.'36JAJ

I

.paa 101

90
60
82

50%

1st refund., 5a, 1937
lAJ
2d mort., 4ia8, 1937
PAA
Mldl'd of N. J.— l8t,6B,1910.AAO

5814

1071s N. J. Junction, 1st, 43, 1986. .FjcA 102 ig
60
N. J. A N.Y.-lst. 6.a, 1910 ..MA.V loo
i;N. J.Southern— lat, 68, 1B99..JA.I 100
N. O. A Gulf.- Ist, 6a, 1926. .MAN elOO
N. O. A .Vorilieast. -Prior l.Ga. 19 1
110
N. Y. A Can.-£ M., 68, «., 1904.MAN «iio
120 liN.Y.C.A Hud Riv.— Exi'd58.
10H3i
a.&Clttr):av..sfK.6s,K.,1902 FAA «'ll
114
Mort., 78, coup., 1903
JAJ las'v*
W. O. A Mobile. Ist 6a, 1U30.JAJ II3I4 115
Delientnre Tis, 1904
MAS
I12>a
99
^2i!, 68, 1930
_ "J"
Storliiigmort., Ga, (?., 1903. ..JA.I el2zia
lAJ
FonaacolaDlv.,Ut,G.-j,1920..MA8 101
91''8
102
.V.Y.CUic.ASt.L.-lst.48,1937.AAO
8t. LoulsDlv.. 1st, 6h, 1921 MifeS 118
N. Y. Elovateil.— lat. 78, 1906.JAJ 1171s
60
2d., 3s., 1980. MAS
30
N. Y. A Greenw'd L.— Ut M. inc. 6a
mi,'}"^.
«a«li. A X^e,-"., 1st 78, 1900... JAJ 122
12314
6
2d mortKa^e income, Bs
E. H. AN.,lat68, 1919
116 1171s N.Y.AUarlem— 7a,ooup.,1900.MAN 133
JAD
Oenl mort, 6s, 1930
JAD 112% 113 N.Y. Lack. A W.— 1st. 68, 1921. JAJ 134
«p.&No.Ala.,8. F. 68, lOlOAAO 107'i
2nd, 58, j^uar., 1923
FAA IIII4
Trupt hou.la, «s, 1922
o— 111^
S. Y. Lake Erie A Western
Ten-forty 6.-.. ly^i
j^^tjj 102
Ist M.,exienil.>rt, 7s, 1897. MAN 119
80-yoar »;oM, Ss, 1937
MAN 11I0»8
2d mort. extciidi'.d,58,1919.MAS 115
Col. ir, K.Jl.1, 5s, I9.il
MAN 9oae
3d M. extcud'd. lias, 1923. ..MAS 113
98
9il>«|
4th M.,exieiidid,5a, 1920..AAO
l^av.N.A.Aciiic— l8t,Ua,1010.JAJ 1141a
5th M., extended, 4s, 192S.JAD loo's
Cor.. tnori.6H, 1916
AAO 9.8T, 9914 Istoone, M.,78, t?., 1920
MAS 141
Indaji. Div.,i;sK(d,l, 1911

III!
I

109
1900
Nashv.Ch.A St.L.— lat, 78,1913 JAJ 131
JAJ
2d mort., 68, 1901
Consolidated KOld f^e, 1928 .AAO 16 l"
NasUv. A Decatur— lst,7s,1900.JAJ
Natcliez Jack. A Col.— Ist, Os, 1912
New'k3'aotA3.— l8t.7e,g..'89.MAN

li.'3

MAN

inc., 6a, 1910
Inc., .'.s, 1915

91

7s, 1901
Conaol. mort., 7a, 1915

General mort.,

98

2d mort.
3d mort.

55

St.

14Uii
1331a
*il3<a 115

117
100

C. Val., la',53.1M26.J.tJ

1st Ext(3nsion 6a, 1927
1st prefer.-ed debenmcea
L.A Cairo— Is, guar.. 1931.JAJ

119

v.C.A Lex.— lst,7a,'97 JAJ(eic) U3
2d mort., 7a, 1907
AAO >118
I^niv.Ev.A 31 L-lst 6s,1926.A AOj )lo7
2d mort., 2-6.i. 1936.... ..Iaaoi* ^'-^
toulavillo A N.ishriUo—
Cons. l8t. 78
IgSS 120
OeoUianBr., 7s, 1907.... "mA8 ^05
IjOUla. Cln. A U-x.,68,
1931.MAN 1"«
'•"'•* 0.,.'.tl., M.,78, K.,190lJ&D|ell8

JAJ

Fa*

Q—

108

prior llen,luc,ac„e8,189.'i
Equip. Trust., 58,1908

9UI4

Verd.V.Ind.AW.,l3t,5s,r92t;MAS

58,

5a, laa.i

91

MobileAO.— lat, sc'd, 6s, 1927. JA > 112
MA9 17
Gen mort.. 4s, 1938

127

97

2d iiMit. iue., 1927
S
H.Y.& .Man. Beach. lat78.'97,JAJ
r
.-J't«a

Pac.ofMo.,2d 78,1891

125
135

127
123

126
126

MAN

1131s

1151a

**-Y-*H'yBMi,lst),'.l8,1927..VIAS

JAJ

Ist, 63. K., 1S99. (V. P. 3. Br.lJAJ
Han. C. Mo., lat 78, »?.,'00.MAN
.Mo. Pao.—Consol. 68, 1920...

t.8.AM. S..ooua.,cp., l8t,7a.JA.T
do oon8.,rog..l8t,78,1900.Q— 127^

80

Mlss.ATenn.— lat, 48, 1952 ..JAD
Mo. K. A Te x. (Jons. 7a.. 1904-6. FA A
Oonsolid.ited «?. 1920
JAD
JAD
Conaolidated 5s, 1920

791a

I

91'^,'

1909.JAD

,

92 Is

101
80
1^0

1081a 109
107

Miuu'p. A Prtc l,t, 58, 1936 JAJ
Minn.S.Ste. M. A Atl.-lat,5s,lH26
.Minn. A N. W.— Ist, 58. 19.<4..JAJ

111^ H2
117% 118

9

ff.,

IU8I4

12i>

8oathwest.Ext.,l8t,7a,19lO.JAD
Paolllo Kxt., 1st, 6a, 1921.. AAO
Imp. A Equip. 63, 1922
JAJ

I2114

75
20 la

108
105

A

96%

124

JAD

let M., Iowa CityA
2d mort., 7s. 1891

121

112
124
Det.Mon.A Tol.,lat.78.1906.FAA 132
Kal.A WL. Pls:eon,l8t.78,'90..JAJ 1U2%
Dividend lioiids, 78. 1899... AAO 123 >«

do 0OU9., cp., 2d,7a. 1»03.. JAD
do con.i.,rf i;.,2d, 7!(,1903. JAD
Mahon. Co:iriiK.l8t,.5s,193;.JAr
fcawreuce— l8t tuort., 78.1895.FAA
teliigh Val.— lat, fis, 1898. ...JAD
8d mort., 78, 1910
MAS
JAD
, Sen. M., 6.0, «., 1933
Ji. MlaiDl— Uonewal 5a, 1912. .MAN
L. Rook A Ft. 8.— Ist, 78, 1905..JAJ

A

No.— l8t, 6a, 1910..
Mil,
lat, 68, on extenalon 1913. .JAD
St. L.— lat^ 78,1927.JAD
Mlnn'p.

lu7

J'S'^'s
5 96

FAA

68 (sealed to 3s)

do

do
do
1

Mldd. Un. A Wat.Gap— l«t.5s,101l
98
2d ."is, quiir. N. Y. 8. A W., l-!9fi
75
Mil.L.Sh.AWest.— lat68,1921.MA.N' II914
Conv. deb. 5s, 1907
FAA
Mich. Div., 1st, 6^, 1924
JAJ 110
Ashland Div.. 1st. 6s, 1925. .MAS
Incomes, Is. 1911
MAN
lOJ
St. P.E. AGr. Tr'ii, lat, )?uar., Gs.

100

,

K.C.F.9o.A.M«ui.-lst,68,1928.MAN

JoUet A N.Ind.,l8t,78 (guar.M.C.)

115
121

Pleas.HlllADeSoto, l8t,78,1907§ll*'

i

74

KalamazooA8.[I.,l8t,88,'90.MA.N
J.L.A3aK.Ni)rthExt.,8a,'90.MA.N
do
Cone.l8tM.,8a,'91.MAS
do
es,1891
MAS'

94
98
lOJ

-t

971a

i»a.

Kansas O. La«-r. A 80. l8t,6s. 1909
Kan. C. M. A n. - ist, 58, 1927.MAS
K.O.St.Tos.A O.B.—M. 78,1907. JAJ

93>a

lid

20
AAO §103 !« 105
JAJ 5100 14 lOUis Norfolk A WesternMoxiian Nut.— 1st, 68, 1927. .JAD ICO
General mort., 6s, 1931
MAN
2d M..S01-. A,liic.,68,l917...MAS
65
New River lat 68, 1932
67
A&O
19
2d M., 8er. B. iiio.,6a,l917.. April
Impr.
21
A Exten,, 68, 1934
FAA
Wloli. Cent.- Conaol.,78, 1902.M AN
132 13314
Adiiwtinont 78, 1924
Q.— .M.
Consol. 5s, 1902
iir
Epiipment, Ss, 1908
Jtel)
MAN
1st M. on Air Line, 88, 1890. JA.I 510314 1031a
Conv. deb., 6s, 1894
J.t.r
Air Line, 1st M., S», guar.. .MAN 5102
Clinch V. D., Ist eq.53,1957.UA3
103
68. 1909
Norf'kAPeter8l).,2d,83, '93. JAJ
MAS
5s, coup., 1931
80. Side, Va., ext. 5-tt-88,'90-1900
MAP 114

107

C—

Jaoksonv.8.E.— l8t, 88,liilO...JAJ
Cien. luorr.es, 1912
JAJ

N.Y.Pa.AO.— Ist, lno„aco.78,1905

Leased L. rental trust, per dob. 4fl
West. ext. oertifs, 88, 1876. .JAJ
do
1041a
do
78, guar. Eric
117i» N.Y. PhU. A Nor,— Ist, 1923 ..JAJ
Income 68, 1933
AAo
1091a
7014 701a N.Y.Susq. A W.-Deb. 63, •97.FAA

scrip
Ineoniea, 3a, 1911
Delientnre 10s, 1895
Sorlp 10b, 1889

121

68
102
81
131
117
100

109
101

126
125
130

MAN

2d68, 1S99

.Mexican Cent.— lat, 4», 1911.. JAJ

Bund

JAJ iofijiio
JAJ flO

Bid. iMIr.

101
1U6

95 >«

2d mort.,

78, extended, 1915. J.fe.J
let oonsol. 7a, 1915
JAJ
lat. cons.. Tenn. lien, 7s, 1915 JAJ
Gold, 6a, 1924
,TAJ
M.<trop'n Kiev.- 1st, 68, 1908. JA.I

Railroad Bowdr.

N.Y.Ont.A W. -lat.g., Os. 19UM45 114i«lli»
New York & New BoKland—
Istmwt., 7s. 1905
J&,T
l8tM., 68,1905
JAJ
2d m.,«8, 1902
FAA

100

Chan.— l8t,7s, lOl.-i.JAJ

Mtfinph.A

I03i«

<laatatli>a«.

Aak.

Bid.

Man.ReacbInip.,lim.,7B,1900,MA8
Man. S. W. C..1. K'y— l»t, 5s. ..1934
Vlarleita MIn.-lat. 68, 1915. MAN 5 90
Mi.r'taAN.G;i -let,e8,K.il911JAJ 100
Conaol. l8I Gk. 1937
J.vj 105
•Vlarii'tteHo.AO.— MarVjtb.,88. '9-.' 4103
6«, 1908
AsIJlOO
MAS
«8, 1923 (extension)
JAD
Ss, 1925 (M;i,ry. A West).
AAO

8.

Coii'i. W.-rtf.-,iB,l903.J.tJ

H;ir:.

Head of nr«l Pa^e at

at

JAD
Ist mort., 7a, 1900
Pens.A Atlanllo-lat,6s,1921.FAA
Peo. Dec. A Ev.— Ist, Gs, 1920 JA.I
MjiN
2d mortgage, 5s, 1926
EvanPVillo Div., Ist 68,192u.M Aa
Peo.APekluUr.-lst,G8,1921.li—
MAN
2dmort.4>s8, 1921
Perkloiuen— iBtsor. Ss, 1918 Q-J
Petersburg -Class A, Ss, 1926. jAJ
AAO
Class B, 6a, 1926

108
131

Phlla.A E.-Uen.guar.,68,g.,'20.J«J

General 5a, 1920
AAO
A&O
aeucral48, 1920
Sunb. AEiie— lat, 78, 1897.. AaO
PhlU. A Kead'g— l8t, 6a, 1910.JAJ
AAU
2d, 7s,13J3
Consul.M., 78,1911, reg.Aop.JAD
JAD
Consol. mort., 6s, 1911

ela Irondon.

HCoupoa oO.

s

iooi*

'35

In FraoUort.

"

F

THE CHRONICLE.

216

rvoL.

XLTin.

GENERAL QUOTATIONS OF STOCKS AND BONDS— Continued.
For BxplanaHon» Hee
Bid.

Bailsoad Bonds.
Philadelphia

INoteg at

Head of

BAiutoAO Bonds

Ask.

M.— l8t,

68, 1911 .J&J
104i«
S bat. Isl. R. Tr.- 1 st 6s,g. .1913.
2d mort. guar. 58, g., 1926. ..J&J
101 ij 101%
18i« Steuben.
Ind., 1st 58, 1914. .J&J
18
-let, 58, 1905. ..J&J
841a 84S8 Btock.

& Reading— (Cent.)—

9o. Pao.,

Improvement mort.,6fl, '97.A&0

Cons. 58, l8tserles,1922....M&N
Deferred income 68
let pref. inc., 6s, gold, 1 958 . . . F
721a 73 14
Zdpref. Inc., 58, gold, 1958. ...F
8d pref. inc., 58, gold, 1958. ...F 58
581a
3d pref., inc., convertible
New gen. mort., 48, 1958.. ..J&J 92% 93%
Coal& I..guar.,78,'92,ex-op.M&S
PUla. Wil. * Bait.—68, 1892.. A&O §102 103

N.

A&O

&

Flrat Paa;e of Quotations.

Baii^oad 8TOOK8.

Bid.

Ask.

106
115
100
107

100
& West Point
100
116
Atlantic & Pacific
100% Augusta & Savannah, leased... 100
100
Baltimore & Ohio
Atlanta

Bid.

Ask.

lO.S

106

81*

131

8I4

135
91

do
let pref., 6.... 100 120
T.10
100 106 115
do
2d, pref
100
Parkersburg
3
50
Beech <3reek
60
50 ... .. 90
do
Pref
50 t
Bell's Gap
4414
100
Bellevme& So. lU., pref
100 216 217
Boston & Albany
100 150 l.-iOi*
Boston & I.x)Well
100 1701a 172
Boston & Maine
Boston & N. Y. Alr-Une, pref.. 100 103
100 251 253
Boston & Providence
Boeton Revere Beach & Lynn.. 100 155
157
Brooklyn Elevated., new
38
41
100
Brooklyn &Montauk
90
Tex. & P.-Ea8t.D.l8t68,1905.M&fi 109
128
eterling cons. M. 68,g.,guar.J&J el26
105
90
Pref
100
J&D
9018
do
gold,
2000
Ist
68,
Pittsb.pf.W. &C.-lst,7s,1912 Var 141
100
Mcb 38
3314 Buffalo Rochester & Plttsb
30
2d gold inc.. 5s, 2000
J&J 1401a
2d mort., 78, 1912
100
pref
89
do
Tol.A.Ar.&N.M.— l8t,68,1924.M&N 107 107 ifi
141
A&O
8dmort.,78,1912
20
Tol. A. A.&Gr.T.— l8t,68.1921.J&J 106% 10713 Burlington C. Rapids & North.. 100
30
J&J 109
Plttsb. Jimc. l8t68, 1922
California
A.&M.P.—
lst,6s,1916.M&S
98
Pacific
8
Tol. A.
Flttsb. McK.* Y.— l8t,69,l932.J&J 113
California Southern.
100
20
21
Tol. A. A.&Cad.— l8t,6s,1917.M&?
97 »s
Pitts.Pain.&F.— l8t,g.,5e,1916J&J
Camden & Atlantic, Pref
50 t
40
81!(| 8214 Tol. & Ohio Cent.— 1st, 58, gu.l93.'i i02% 103
Plttsb. & West.— l8t, 48. 1917. J&J
Canada Southern
100
50
56 14
Tol.Peoria&W.— lst,48,1917....J&J
&
751a 76
Pitte. Y. & Ash.-l8t,58,li»27.M&N
(Canadian Pacitlo
100 52% 521a
97
Tol. St.L.&K.C.,l8t,68,1916...J&D
9S
Ashtabula & Pitts.— Ist 68. 1908. iofii
50 s
112
Catawissa
131,
United Co'sN.J.—Con8.,6s,'94.A&0 111
Portl'nd&Ogb'g- l8t68,K.,.l900J&J S114 116
.50 » 62
1923
gen. 4b,
F&A 1031a
do
Ist pref
65
do
Port Royal & Aug.— lst,68, '99. J&J 106 108
do
50 » 60% 611a
M&8 ellO 112
2dpref
Sterllngmort., 68, 1894
J&J 36
Income mort., 68, 1899
68,1901
M&B el24 126 Cedar Falls & Minnesota
100
do
H
Forte.Gt. F. &Con.-4i9», 19;i7.J&D 102 « 103
100 124 125
Cam. & Amb.,mort., 6s, '89.M&N 103 1031s Central of Georgia
Ben.&S'toga— 1st 78,1921 cou.M&N I49I2 150
6338
113>4 Central Iowa, all assesm't8pd..lO0
63ia UolonPaciflo— Ist, 68, g.,1896.J&J 113
14
Bloh'd & Allegb— Ist.Drex.rcceipis
151s
Ist, 68, 1897
100
J&J 113 113% Central Massachusetts
141a 15
2d mort. 68, 1916, trust receipts. 3008 31
let, 6s, 1898
1151*
do
pref. ..100
J&J
30
Bioh'd & Danv.—Con.,6s,'90..M&N lOlHi
30>a
let, 68, 1899
J&J II6I4
Central of New Jersey
100 9758 98
General mort., 68, 1915
J&J 115Hi 115%
48I3
Land Grant, 78, 1889
A&O 102%
Central Ohio
50
48
A&O 931a
Debenture, 68, 1927
A&Ci 871a 88
Sink. F., 8s, 1893
M&S 120
do
Pref
50
54
Con. guld, 5e, 1936
36ii| 361a
Oji. Bridge, sterl. 8s, g., '96.A&0 ellS
Central Paclfle
100
M&N
Blob. & Petersb., 69, 1915
120
Collateral trust, 6s, 1908 ....J&J
Charlotte Col. & Aug
100
16
50
Blob. York K. & Ohes., Ist 8s, 1891 110
Collateral trust, 58, 1907
J&D
Chesapeake & Ohio. rcor. oert..lOO
2d mort., 68, 190O
M&N 102 1«
221s 22%
Kane. Pao., Ist, 6s, 1895.. ..P&A 109 110
97
do
100
Blob. & West Pt.Ter., Os, 1897. F&A
let prel. do
971a
191a 2uia
do l8tM.. 68, 1896
J&D 110 111
«ome & CarroUt.— Ist, 6s, g., 1916
95
do
2d pref. do ....100 20i« 2II4
do Den. Ext., 68,1899. M&N 11.5 U6
do
100
Borne & Dec— Ist., 6s, 1926. J&D
Vot. Tr. cert
171a
Borne Wat'n&0.—8.F.,78,1891 .J&D 108
do Ist cone. M.,6s,1919M&N II414 115
do
do 1st pref. 100 60%
Oregon Short^L., 68. 1922 .. F&A
2d mort., 78, 1892
112
do
J&J 107
do 2d pref. 100 331s!
Oonsol., exended 5e, 1922.. A&O 110
llOH TJ.P. Lin. & Col., l8t,g.,5s'18A&0
Cheshire, pref
100 xlOl 103
S8
Bntlanu— 1st M., 68, 1902. ...M&N 51091a 110
Utah Cen.— let M., 6h, g.,1890.J&J 95
Clilcago& Alton
100 137 140
Equipment, 2d 5p, 1S98
Fi;A I 98% 99
Utah 80., gen., 78, 1909
103 'a
do
pref
100
J&J
6i«
do Ext,lst,79,1909JAJ
Bt Jo. & Gr. M'd— l8t,guar.68,1925. 107 1071s
Chicago & Atlantic Beneflolary
100
6
51i«
49
2d molt.. incomes, 5s, 1925
51
Utah & Nor.— Gold 5, 1926.. J&I
Chleagti Burlington & North.. 100
51
87i8 87i« Utloa & Bl'k R.— Mort., 7s, '91.JAJ §103
99I4
Kan. C. & Om. Ist 58, 1927.. J&J
Chicago Burlington & Quincy-.lOO
99
8:.L.Alt.&T.H.— Ist M., 78, '94. J&J 112% 114
Valley of Ohio- Con. 68, 1921. M&S
Chicago & East. Illinois
4519
105
100 45
2d mort., pref., 7s, 1894 .... F&A IO8I4
Ver. & Mass.— Guar. 58, 1903. M&N §104
do
106
pref
100
98 "a 98'8
2d income, 78, 1894
M&N 107
Vioksb. & Mer.— l8t, 68, 1921. A&O 102
Chicago & Grand Trunk
Dlv. bonds, 1894
42
2d, 68, 1921
431a
M&N 35 40 Chicago Milwaukee & St. Paul. 100 es^s 63%
BeUev.&8.Ill.,lst,8.F.88.'96.A&() II6I3
3d, Income, 78, 1921
do
pref., 7. loo
9a
991a
Bellev.& Car., Ist 6s, 1923. .J&D 109
Vickeb. Sh. & Pac. -Prior lien, 6b. el 05
Chicago & North Western
107
100 105% 106
Bt. L. South., lsc,48, 11)31.. M&8
83
84
Va.Midland-lst ser.,68,1906.M&S 116
do
Pref., 7.. 100 140
141
97 14 97%
St. L. Ark. & Tex. Ist 68,1936.M&N
2d series, 6s, 1911
M&S 116 117 Chicago Bock Island & Pac. ..100 93% 96
2d mort.. 68, 1936
F&A
37
3d series, 68,1916
Chic. St. Louis & Pitts
M&S 109
100
18
18%
Bt.l..&Cbic.— l8tcon.68,1927.J&J
SO
4th series, 3-4-58, 1921
do
40is 42
pref
MAS 75
80
100
et. L. & Iron Mt.— l8t,7s,'92..F&A 106
107
5th series, 58, 1926
M&3 9914 99% Chlo. St. P. Minn. & Om., com 100 31
32
8d mort., 78, g., 1897
M&N 107
Incomes, oumul., 68, 1927... J&J
do
pref.. 100
91
89
Ark. Br. 1. gr., M., 78, g., '95. J&D 1041a
General 58,1936
100
34
M&N 83 85 Chicago & West Michigan
341a
Cairo Ark. & T.,l8t,7s,g.,'97.J&D 105%
do
guar
(Jtn. Hamilton & Davton
100 90
Cairo & Ful., lst,l.g.,7s,g.,'91. J&J 102% 103
Wab.8t.L.& P.- l8t,6x.,7s,'90.F&A 113i«
Cin. ludlauap. St. Louis & Chic. 100 108
ios'ia
Gen. eon. r'y & 1. g., 5s,1931A&0
Mort., 7s, 1879-1909. Ir.rec. A&O
891a
8714
Cincinnati N. O. & Tex. Pao
70
100
67
e;.L.& e. Fr.— 2d ol. A,68, 190U.M&N 117
25i» 25%
2d mort., 78, ext. 1893
M&N 89 91 (31n. Sandusky & Cleveland
50
8dM., 6a, class B, 1906
M&N 117
Equipment 7s, 1883
Cin. Washington & Bait
M&N
100
1
121a
%
2d M., (is, olaes C, 1906. ...M&N 117
Gen., 68, 1920, Tr. rec
do
pref. .100
J&D 41
45
1% 2
Kan. O. & 8w., l8t,68,g., 1916.. J&J
Chic. Div., 58, 1910 Tr. reo.J&J
9338 91% Cleveland Akron & Col
100 a 33ia 33%
Pierre C. & O. Ist, 6s
F&A
Detroit Div., 6s, 1921 Tr. reo.JAJ 116
Clev. Col. Clu. & Indianapolis. .100
7439
74
117
Equipment 78. 1895
J&D 105
Cons.mort.,78,1907,oonvert.Q—
Cleveland* Cantou
87
90
7% 8
General mort.. 68, 1931
J&J 116 1161a
l8t. St.L. div.,Vs, 1889
II3I3 114
do
do
30
F&A
Pref.-.
29%
General mort., 58, 1931
J&J 103 1031a Gt. West., ni.,lst,78,'88
Clev. & Pittsburgh, guar., 7
F&A 113
50 155
Isttrust, g.,5e, 1987
A*0
do
2d, 7s, '93, Tr.rec.M&N
Coiimibus & Xenla, guar., 8
190
88
90
50 185
Ft.8.& V.B.Bd.,l8t,68,1910.A&O
Q'ncy & Tol., Ist, 78, 1890,Tr.reo.
27 14
93
CoL Hook. Val. & Tol
100 ZH'4
Bt.L.K.&8o.W. -Ist 68, 1916M&8 100 105
Han. & Nap., let, 7s, 1009,Tr. rec.
Columbia 4 Greenvllle.prel
93
100
29
29
Kan. Mid., Ist, 48, 1937
J&D 81
m.& S.Ia.,l8t, 68, 1912, Tr. rec. 93
Concord
13114
50 131
Trust bonds, 68, 1920
F&A
Bt.L.K.C.&N. (r.68t.& E.),7s.M&S 112 1131a Concord & Port8mouth,guar.,7 100 145 155
Bt. L. W. & W., 6s, 1919
M&a
do Clar. Br., 68, 1919..F&A
nils
Connecticut & Passumpsic
1 00
111
B;.L.Vand.&'r.H.-l8tM.,78,'97.J&J 115
do No. Mo., Ist, 1895...J&.1 113% il4
Connecticut River
100 193 1931*
2d mort., 7s, 1898
M&N 108
do St. Cha's Bridge 6e, 1908 106
Dayton & Michigan, guar., 313..50
70
M&N 110
<..*i'7?'..K"*'"-'1898
Warren (N.J.)— 2d, 7s, 1900 ..A&O 117
do
155
Pref., guar., 8.50 154
8t. P. & Duluth— l8t, 5s,1931.F&A lUia
WeatCbeeter— Con. 7s, 1891. A&O 107
Delaware & Bound Brook
100 160
2d mort., 5s. 1917
A&O 10538 105 la W. Jersey & At. Ist M.,68l910M&8 107
Delaware Lack. & Western
50 14178 1421a
West Jersey— l8t, 68, 1896
"'o^-'^''^''* Man.— let 78,1909 J&J 112
1014 17
Denv. & Rio Gr
J&J lllii
100
2d 6s, 1909
A&O
121
Istmort., 78, 1899
1211a
124
A&O
do
42% 431a
do
pref.
100
Dak. Ext., 6s. 1910
M&N 120
OonBol. 68, 1909
120
Denyor & Rio Grande Western. 100 Itiia 17
M&N
1st oonsol. 68, 1933
J&J 116
West Shore— Guar. 48, 2361
108%
106'8
Denv.
T. & Ft. W., voting cert. 100
J&J
23=8 21i«
do
reduced to 4'i8 ..J&J 100 100 la WestVa C.&Pltts.— lst,6e,I9lij&J lOSij
109
Des Moines & Fort Dodge
8
6
100
CoUat. tr., g., 58, 1898
F&A
97
West'u Ala.- 2d, 8s, guar.'90. A&O 105
25
do
Pref.
.100
do
Minn's U'n, lot, 6s, 1922 ....J&J
Weet.Maryrd— 3d en., 68, 1900. J&J 1151a
Det. Lansing & Northern, com .100
25
18
Montana Kxt.. 1st, 4s, 1937. J&D 8914. 90
Weet. N. Y.& Penu— Ist.ns. 1937 J&J
991* 9914
do
85
75
do
Pref. 100
Montana Cent.— let, 6s, 1937J&J llOOg 111
2d m., 3e g.— 5s so. 1927 ...A&O 421a 43
Duluth 80. Sh. & Atl
61a
East U.Minn., l8t,K.,5s,190J, A&O §101 102%
Warreu & Frank., lBt,7s,'96 F&A
21
do
Pref
B«nAnt.&A.Pa88.,l8t,(j6,19l6.J&J
90
W'nNo.Carollna-l8t,7s,1890.M&N
91*
East
Teun.
9
Va.
Ry
100
&
Ga.
l8t,6s,1826.J&J
8914
. J $°.
Consul. 6s, 1914
82
jjjj
71
87
do
70
do
let pref.. 100
BiDduakyMansf.&N.— Ist, 7s,1909 115
West'nPenn.— letM.,6s,'93 'a&O lOdia
23ia 24
do
do
prel.
..100
2d
•-'"''
*«• 1934. .A&O
^^:
Pitts. Br., 1st M.. 68, '36..
56I4
East Pennsylvania
J&J 108
50 s 55
At. *ivfw
& Gulf, con. 78, 1897 ...J&J 115
Registered 5s, 1923
j&D 108
Eastern (Mass.)
88
87
100
Bo. Ga. &-Fla.— Ist, 78, 1899.M&N
H5
119
Gold
4b, 1928
J4D
98
do
Pref
100 122 1221a
2d, 78,1899
M&N 112
Wheeling & L. Erie— Ist, 5s,. .'.1926 104
Eastern in N. H
Beaboard & Roan.— 68, 1916 F&A lis
100 107
1071a
Wilm. Col. & Aug., 6e, 1910 J&D 119>«
Elizabeth Lex. & Big Sandy
IS
5s, coup., Ib26
"'
100
15
l&J
108 1« Wllm. & No.— let, 5s, 1907 27 J&O 105
Elmira & Wililanisport, 5
Beat.L. S.& E.-l8t.gold,68,'3i.F&A
50 « 48
§.
971s Wil.& Weldon-8. F., 78, g., '96'.J&J 118
do
Pref., 7. 50 » 09
98Si
Wmona&8. W.-lst,6s.g., 1 H28. A&O
Evaneville & Torre Haute
mort., 78, B. t. Tr. rec
50 93
91>a
a&O 70
Wiscon. Cent.Co.— lst,os,l937.J&J § 89
Cousol.78, lalo
89 la, Fitohburg. Pref
t.9% 70
100
JAJ 67
80
Incomes,
nou-cum., ;.», 1937
aa
38ia| Flint & Pere Marquette
Bbani. 8un.& Lcw.-l»t, 5e,'i2 M&N
30
lOo
2913
Wore. Nash. & R.— 5s, '93-'95. Var". §10.* 105
Bb«m.V.& Pott-.-78, (ou. 1901J&J 100
do
do
Pref. ..100
96% 97
Nasb.& Rooh.,guar..53.'94.A*0 §103 104
Blwnandoan Val. lBt.7»,l909 J&j 1251a
Fort
Worth
&
Denver
C
100
92
92111 Zanes. & Ohio R.— lst,63,1916.
97I21 Qalv. Harrisb. & San Antonio
Q«neral mort., 6s, 1921
F&A 95
a&O 30 34
Blireve. & Hous.— ist. 68, gu., 1914
Georgia Pacitic
12
141s
65
RAII.ROAD STOCKS. Par.
BodM Bay* 8o.-l8t,b8,g.,l9i4J&J
Georgia Railroad & Bank's Co. 100 197 199
Ala. Ot. South.— lam.. A., 6s,pref
9I9' Grand Kapids & Imliaaa
Bo. Cen. (N.Y.)-Con»ol. iuort.?5«
81«
'55"
5
61
Iiim., B, com
2I4
Bo. Carolina— l»t M.,68,1920. A&O
2% Green Bay Winona & 8t. Paul. .100
634 '714
95
Ala. N. O. & Pac., &c.,' pref"'""]
2d tnort^ 68, 1931
1^8
do
do
1»8,
Pref
19
100
J4j S3
54
do
do
Income 6«, 1931 ....
14
lal Har. Por. Mt. Joy & Lanoi8ter..50 « Si's
(i4f
90
7
91* Albany & Suequeh., Guar
7
o.^.Cal.-l8t,68,g., 1905-12 A&b
160
156
Houston
Texas
&
Central
13
looj
11
11514 Atchison Topelia & Santa
Bo. P8*..Arli.— Isi.KB.lsioniO J&J
53 1«! Huntingdon & Broad Top
Pe"l00 53
50!» 20ia 211b
Atlanta A Clia rlott.e Air l.,iiiB
loo 85
50'» 46I4 461a
60
do
do
Pret
•PrioenomlnaL § Purohaaer »!«, pay* accrued
Interert. « In London U Coupon off. s Price per share.
In Frankfort, a In Amsterdam.
.

&Cop

8anb.Haa.&W-B.— l8t,5s,1928M&N 104
M&N
99%
2d mort., 6s, 1938
118
Sonb. & Lewlstown, 78, 1896. -.T&J 116
Suep. B. & Ene June— let 7s, 1900 §112
Syr.Bing.&N.Y.—oonsol.7s,'06A&0 1371s
Terre H & Ind.— Ist, 78, 1893 A&O 111
J&J 102
Oonsol. mi>rt., 58, 1925
5108
110
A&O
68, 1900
J&D &104 105 Terre H. & Ijog'pt.— l8t,gu.,68,J&J 95
68, 1910
J&J 90
1913
l8tand2d,
6e,
M&N lom 101%
Trust certs. 48, 1922
45
55
r«x. Cent.-l8t,8k.fd.,78,1909M&N
J&D
Pine Creek- 6s, 1932
M&N
1911
45
55
78,
Istmort.,
Plttsb.C.A St.U- l8t,78, 1900.F&A 1181a
Texas & New Orleans— lst,78. F&A
Pltt«b.Cl.&Tol.— Ist, 68, 1922. A&O
1912.
..M&8
Div.,
let,
103
68.
Babine
117
Plttab.&Con'llsv.— l8tM.7s,'98.J.feJ

II

.

.

I

.

.

.

M

.

I

i

I

.

'

1

»

1.

Fkbkoabt

5

.

.

.

THE (MBONICLE.

18, lt89.]

217

QEN'SRA-L QUOTATIONS OV STOOK-S AMD BONDS—OoSTiNaBD.
For BxpUnatlon* See Note* at Head of Pint Paze of Qaetatloa*.
Bid.

Kin-ROAD Btookb.
Illinois Conlr»1...100
•do lra»i'tJl.,4ii.P.100

94
22
70

lowaCunlral.prrf.lOO
Jell. M.&Iml.. I'd. 100
Kanawba dc Ohio

2
7

iRt jirnf.
2d pief.

(to

do
Kan.C.l't.S.&Mem.lOO
Kan.C.l't.S.AO.pf.lOO

2's

79
I'Ji't

53

Kan.C.Mmu.ABlr.lUO
Kan.C.Cl'n&Sp'd.lOO
Kan.l'ity JcOmaba...

80

Kcmiukv Ofut....l00
Keokuk* lXwM..U0

3

30

itPBUlADuluth.lOO
Pref.lOO
do
Jt.P.Mlim.AMan.100

80
135
51
33

30l«

18»8
58»«

18\

58%
51°8

50 179»« 181
50 » 64%
!;6
50 94
12»« 13
Lou.Evau8.&8t.L.100
24
23
Pref.lOO
do.
60 1«
60
Ix>alev. & Nashv-.lOO
Ixmlsv.N.A.&Chle.lOO
46>i« IT'S
15
HahonlDg Coal RK.50 42
do
P»ef.50 100
Maine Central. ...100 120 122
Man. & Law'ce. ... 100 214 216
9131
94
Manhattan, con... 100
13
Marq. n. &Ont.. .100
90
88
do
Pref..lOO
65
55
Heniph.& Chart.. ..25
13% 1358
Mexican Central. .100
7
Mexican Nat.,Tr. reo.
©"a
26
24
Mex. Nat. CouBtr. Co.
8919 BO'S
Michigan Cent. ...100
32
Midland of New Jersey
72
MU. Lake 8. & W. 100 69
do
pref.lOO loo's 10214
71
Mine Hill A 8. H.... 50 »
7
6
Mlnneap. & St. L. 100
14
12
00
Pref...lOO
Little Miami
Little Schu'fc'l

.

Mlssips. & Tenn
Mlsso'l Kan.A Tex.100
Missouri Pacitlo. . lOO

72iS8

Mobile* Ohio

10

12'<

.

100

&

Tol. Peer.

15

Western.

.

STOCKS, N.Y.

American Coal Co. .25
CatiabaCoal
10 J
Cameron IronAOual50
(Colorado Coal A 1. 100

Col.AHook.lOO.CAI.
Consol.Coalof Md.lOO
Homestake MIn'g.lOO

17
12

8
19
pref..l00
AC. Co. 100 »228
a. N.J.
6.5 >s
Dnlon Pacific
100

Tol.8t.L.&K.City..lOO

Longliiland

Lehliih

25

do

RR

03%

.

146
117
112

N.Y.N H.AHartf.lCO 240
H. Y. Peun.

do

A

I10i«
7314

North'nPac.com.lOO
do

27ie

62

Pref.lOO

Norw.* Worcester, luo 175
Ogd. A L. Champ. 100
5
Ohio Ind.

A West.

12
100
23%
100
do
Pref.lOO
86
Ohio Southern
14
100
Old Colony
loO 171%
Ojia. *St. L. pref.lOO
Oregon SUori Line too 47%
Oregon Traus-CuutlOO
33
Pennsylvania KB. .50 » 55^8
Pensacola A Atlantic
4
Peoria Deo. A E v. 100
27 %
Petersburg
loO
PhUa. AErle
50»....
Phil. Germ. A Nor. .50 »125

Ohlo*Mi88

.

.

Phlla.
Phila.
Phlla.

A Read. cert. .50
A Ticutou..lOO

137»s

52

Income
Or.Imp.,

lOtfij

Amer. Bank Note Co..

6

Am. Con. A

28

KomeW. AOgd...lOO

Bt. L. Ark.ATexaslOO
St. Loula
Chicago

A

do.
*

pref

East Boston Land. ...
Frenchman's Bay Ld.
Henderson Bridge Co.
iKeeley Motor

27»i,

Trust
MauU'tt'n B'ch Co.lOO
.Maverick Land
10

82

Maxwell Lanl Grant..

46
00
9

491* Oregon Improvement.
100
do
pref
100

10
4
38

-8»8

5

...

38

loij

JO

7
1

2=8
18^8

212
88
250
47

2"8
19»R
2-ii

90
500.

52

%

I4

70
104

71
lu6

95i«

96

Pacific Mall SS. Co.lOO
Phlladel. Co. Nat. Gas.

38

38%

In

Amsterdam.

100

100
100

Holland
iKnickerboeker
iLong Island

100
100

Manhattan
Mercantile
Metropolitan

8O0.
4514
31c.

78
^

•18

..100

GastBo.itou
25
South Boston
100
Brookllne, Mas». . 100
Cambridge, Mass.. 100
Chelsea, Mass
100
Dorchester, Mass. 100
Jamaica Pl'n.MasslOO
Lawrence, Maas...l00
Lowell
100
Lynn, Ma88.,G. L..100
^Iald. A Melrose... 100

42
113
104

xlSO

1(K)

•04
•77

Holyoke

Horn Silver
Independence

20

187
45
198
96
150
95
105

•17

Lacrosse
Le id vlUe Consol
Lee Basin

10
10

Little Chief
Little Pitts

50

•08
•12
•65
•26

A SUv.lOO

3 05

Mexican Q.

6C0

Oriental

168

MAM

Monitor
Moulton
Mount Diablo
100
Navalo
NoithStar
North Belle Isle....
Ophir
10

A

Interest.

100
•03
•30

145
2 50

500
•07

Miller..
Osceola (copper)...
Pewab'o (copper)..

1500
2^3
8-87

Plymouth Consol..

Potosl
100 200
6800
Quinoy (copper). .
•08
1
Rappahanock
•45
Robinson Consol. . 50
2-6')
Savage
100 2-80
Sierra Nevada
•05
50
Silver Cliff
1 00
Silver Cord
105
Silver Klnx
•05
Silver Queen
150
Standard
100
•09
Sutro Tunnel
•57
do Trujt cert
•10
Tioga
Tornado
100
Union Consol
1^15
Utah
3^30
Yellow Jacket
.

43
111
106
182

BOSTON

Xl07

3-44

Con
Kings. APembt'ke Iron 1^37i3

Allouez...,. ........25
25
Atlantic
Bost. Mon. . . (Copper)

195
110

4 00

1-35

ElCristo

107'* 103

xUO

•56
•26

2-30

•10
•95

10i% 106

xl50

7^50

1^50

Denver City Con...
Dunkin
Eastern Oregon

Mono

Newton* Wat'n ..100 xUO
Salem, Mass
100 112
Brooklyn, L. 1
25 102
Citizens', Brooklyn. 20
51
Fulton Municipal. 100 125
Metropol., B'kiyn.lOO
89
Nassau, Brooklyn ..25 110
People's, Brooklyn. 10
73
WllUamsb'g, B'klyn 50 119
20"
Charle8t'n.a.C.,Qaa.25

PurobaaeraUo pays aoorued

100

•03

1^75

Julia

100 188
Nassau
100 1421$
Y.Guar.
N.
AInd..l00 115
N.Y.LifeATrust.lOO 595
Union
100 620
United Statns
100 630

.

Oregon Ry.AN.Co.lOO

Price nciuinol; no late tiaiuaatloiia.

...100

A Tr.25

.

5i«

81

,L'.ne6ed Oil

Mt.Des. AE.S.Land.5.
10O>a i02
N.E.Mtg.8eour.(Bo8t.,
4is
N. Hampshire Land 25
5
37
37's N. Y. Loan A tmpr't...
North River Cons. Co.

f.0

200

•23
Father De Smet .. 100
13^75
Franklin (copper)..
•15
i02H Fre;land
Gould & Curry S..100
265
3^85
2221s Hale A Noroross. .100
33
Hector

DAS

39
210

100

Eureka Consol....

sy

i

122

30

Sc BK'KLYN
HORSE RRS.

48
36
173
5

Montana

Astoria

Deadwoo.l

59I4 (See Local Securities in
8'8
Chkonicle each w'k,
714I
7% except third of month)
7 '8
8
STOCKS.
514
5»S Bait. Consul. Gas, /fea
41% 45
1958 19'h Boston Gaslight. ..500 1075
1085

«225
65

17

Central
Farmers' Loan
Franklin

41*4

Argenta

Crown Point

59

<

173

100

57>«

118
6OI4

,

CO'S

110
325
320
625
565
191
103
111
163
112
212

82

117
100
85
93
90

•02
•55
•75

IronSllTor
Iron Hill

195
95

45

7%

N.Y.

35

Dred. Co...

300.

100

A Trust. 100

28% Brooklyn Trust
107

STOCKS.

55>s

pref..

Atlantic

.niSC'IiLANEOVS

33 14

Port Royal

Bntland
loo
Pref., 7. .100
. do
Bt. Jos.AG'd Isl'd.lOO
8tXoulaAlt.AT.H.100
Pref.lOO
„^ , do

TRUST

Am. Loan

90
90

111%
271s Oreg.R.A N. l8t.68,JAJ 111
62% Con. 5a 1925 J.AD.. 101 Is 105
Ocean 88.C0., Ist guar. 102 103
177
10
Peo'8G.A.C.Chlc.2d.68
98
12
Po«ghk'sioB'gc,l8t,68.
96
97's
24
at. L. Bridge A Tun—
110
87
1st, 78, g, 1928. AAO el37
16
Tenn.C.Al.— T'nn D.68 91 14 93
172
Sir. Dlv. l8t,68, 1917
931s
20
Wyo. Val. Coal 1st (a.
48
General fc's
ibo"

Amer. Cotton Oil trusts
Aspiuwall Land
31
10
Boston Land
10
4S>s 48% Boston Water Power..

& Augusta
3
Ports.at.F.ACou.lOo
87
Eena. A Saratoga.. 100 17 J
Eloh.A Alieg., ceit..
16>4
Bloh. F. *p.,coui.l00 113
Klohmoud * P'b'g.lOO 108
Bloh. A West Point 100
27 ^8
do Pref
lOl)
81
Richmond York E.AC. 90

do

110%

jBrookline (Mas8.)L'd5
63i« Brunswick Co....
Pitts. CIn. & St. L..50 » IS^a
[Canton Co. (Bait.). 100
Pln8.Pt.W.*C.,guar.7 150
Coutlnent'l C^n.AIiup.
Port.8aco APorts.lsd
123 •« 124 jCuv. A Ciu. Bridge, pf.

WUiu.* Balt.50

Illuminating.,
i ho-jipsou-U. Elec.Ca.
Thompson-H. Internat

100

1910

75o.

10

88% Edison

102 14 103
97

f

1st, 6a.

118
102

45

England....
Tropical

Edison

891s
2H'i

85=8

Brush, Bait
100
35
Brush Illuminat'g 100 185
Consolidate!
100

106%
88ia

25
80

32%

New

ELECTRIC
LIGHT STOCKS,

200

112

f

Alta

50

100 221%

,

Mexican

100
do pf:,giiar.l0..100 sl95

Oig
S.Y.Susq.A WesfnlOO
do
Pref.lOO
34 "4
N.Y. West Shore &B..
2
Norf.A West,, com. 100
17
do
pref.lOO
51%
No. Pennsylvania.. 50j« 83
Northern Central... 50 » 71's 73
North'n N. Uauip.lOO 142% 143

78, 1900, M. AN....
Collat. trust, 58

74>s American Bell
Erie

18% UISC>l.L.ANEOllS
Am.Wat'rW.G'o.,l8t,63
CahabaCoal,l8t,78,'07
Chic.G.L.&C. lst,5s,'37
6% Col.CoalA Iron— l8t,68
34% Eq. G.AF. Chlo. lst,6s
Hackeus'k Wat. 1st, Ss
17 « Hend'n Bridgees, 193
5214 Iron Steamboat Co. 63
Maxw'U L.G.prior l.,Os

12
32
35

103

6s..,.

TELEPHONE.

100

BONDS.

Ohio
Pref

». Y.Phil. ANorf. 100
10
N. Y. Prov. * Boston. 218

Alice

100 208
97

Western Union.... 100

Moms, guar., 4

20
18'4

16

Bonds

Mutual Union

125

1-50

American Flag
American Coal

2
Castle Creek
86>s Cleveland Tin
Colohis
Columbia A Beaver,
138
Consol. Calif omia. 100
Con. Imperial
"33
Chrysolite
50
Chollar
100
Consol. Paciflo
100

N'west.. 7a. 1901 JAJ
111'* PaciflJ A Atlantic
Postal T. Cable, new.
South'nA Atlantic. 25

41%

25

TELGURAPH.

Mexican....

131

CANAL

Amador

Aik.

199% 200

People's, Jersey
Louisville G. L

32
11

N. Y. Mutual Uu. Tel-

113%

USSs'IISOb Penn.— 68, coup., 1910

110
56
110

.

nils

411s

•75
Barcelona
•06
Bassiok
38I9 Belcher
•36
Belle
Isle
311s
100
100
Beat A Belcher
4-00
Bodle
150
100
•21
Breeoe
•15
Brunswick.
154
Bulfd.lo Iron
•40
115
Bulwer
100
80
Caledonia B. H
100 270
141
Carm'tAHeola(copp'r) 265
•04
Cashier

I

""
Iir.Y.L.Erie&West.lOO
28% 28'8
STOCKS.
69
do
Chesapeake A Del. .50
Pref.lOO
69
K.Y. A N.England .100
48 "tj 48>4 DeL A Hudson. ...100
116>« Lehigh Navigation.. 50
do
Pref.lOO IIB

Northoin.prcf

13
24
10
15
10
31

I

Il7is:il8

Bid.

.

V

106

MiaoBLLAiraotni.
9114 Cbloago Gas Trust
Olnclnnatl G. A Coke
201 >s Hartford, Ct., O. L..25
231s Jersey C, A Hobok'n 20

170
70
124
Memphis Gas
40
72>s Central of N. Y
50
55
167
Consolidated, N.Y.IOO
81%
86 >s Equitable, N. Y...100 112
86
109 110
Mutual of N. Y
100
99
120
117
Standard Oas,pref
80
27^8 271s N. Orleans G.L. ..100
92
Portland, Me., Q. L.50
80
8t. LonlaOasTnist. 100
55
50
Laclede, St. Louis. 100 115
San Francisco Oas
60
33
321s Wa.sh'tou CitvG. L.20
lO^g
raiNING STOCK&6
31 >s 36
21
20
(N. Y. A SAN. FRAN.)
•30
28
Adams Cons
26

. .

.

&

201
23
«108
e54
<108
70
161

31>4
Ontario Sil. .MIn'g.lOO
Pennsylvania Coal. 50 310>s
Quicksilver Min'g.lOO
7
do
pref. 100
37

MAN U0%l

N.Y.Ont.* West.. 100

90%

Vt.A Ma88.,r8ed,6.100 135 136
Vioksb. A Meridian .
do
pref...
"s
H\
36
Virginia Midland 100
34
Tenn.CoalAIronColOO
31
13i«l 14
pref.lOO
iVaba8hat.L.APac.l00
do
99
2714
Pref.lOO
Whlteijr'st
FuclCo.lOO
100
do
26%1
Wyomln? Val.Coal.lOO 60
Warr'n(N.J.),l'8'd,7.50
8514 EXPRESS ST'CKS
W. End pref. (Bos.) 50
85
67'« Adams
«r est Jersey
100 152
50
51
American
100 113
j^est Jersey A Atl.. .50
14
11
100
Western Maryland.50
United States
79
I319I 13^8 Wells, Farao A Co.lOO 111
West. N.Y. A Penn.lOO
Wheel.* L.E.pref. 100 65 'e 66%l
Amor. Di.st., Bait
WU. Columbia A A.] 00 112
5
1%
Amerloan Tel. A Cable 85%
Wllm. A Woldou, 7.100 115
1714 Bank's A Merch'ta.lOO
17
Wisconsin Central 100
10
38
General mort. cert..
Pref. 100
do
Cent. A So. Am. Cable 130
90
Wor.Nash.A Rooh.lOO 1201s 121
Commercial Tel. (jo.pf.
12% GAIV.1I, BOiVDS.
83 >4 84^ Franklin
100 25
72'8 Che8.ADel.-l3t, '>s,'16
Gold A Stock
100 94
11
Chds.AC— 6s, '70.(i.-J

Del. Dlv. 6s, 1398....
121
L»el. AH.— 78.'91.JAJ
150
Morris &E'x,gu.,7. 50
87I4
Ist ext., 1891..
Nashv.Chat.&St. L.25
37
Coup. 7». 1894. AAO
Nashua* Lowell.. 100
Ist Pa.D.cp.,7s,MA8
N'squehonlng VaU'ySO t 56
Lehigh Nav.- 4i98,'14
Kew Jersey* N.Y. ICO
I2I3 14
RR. 6s, reg., '97,Q-F
N. New8*Ml88.Val.Co
Conv 68,g.rg.'94MA8
N.Y.Cent.A H.Rlv.IOO 109^ 109%
6s,g.,op.&rg..'97JAD
H.Y.Cb.&St.L.newlOO
18% 19>4
74i2 76
do
Con8.M.,1911 78JAD
l8t pref 100
do
44
43
Gre'n.Tr.7a,'92.FAA
2d pref.lOO
K. Y. & Harlem ....50 2i0
Leh.C.&N.,4ia9,1924

N. Y.

A WUkesb.Cool

Marshall Cons. Coal..
Maryland Coal
100
New Ontral Coal .100

N.Y.ABorryC.ALlOO

atah Central
100
Utlea* Black RlT. 100 12t

Morjcau's Ui.(fcTex.lOO

N.Y.Lack.AWe8t...l00

Bid.

25%; 2014 PuUm'nPalaoeCarlOO
64
65
San Diego Land,,
11(»« llli« StLouls B'dge.lstpref
3-<>s 391s
2d pref. certillcates.
93
95
St. Lonls Tunnel RR..
102 103
St. Louis Transfer Co.
10
5
Standard on Trust....
Soyar Rellrierics' Co
3
4>s Union 8fk Yda.ATr.Co
21
25
Wagner Palace (Jar Co.
131
132
WestEucl Land (Bost.)
10
1014 COAL ic iniNiiva

50
ieab'dA RoanokelOO
100
loatb Carolina
Southern Pao. Co.. 100
8'we«t.,Oa.,g'd, 7.100
Jonitult Branch, Pa. 50
Sunbury * Lewi8t..50 « 50>s
91 100
rerro if. A Ind'uap.50
21i« 22
Texas A Pacitlo... 100
20
21
Tex.l'ac.L.md Tr't 100
21
25
fol. Ann .^rbor AN.M
34
29
Tol. A OlUo Cent'1.100
56
do
Pref.lOO

lO'lOg

HMOBLLAMBOnS.
Pipe lilne Certlftuates.
Poughkeepsle Bridge.

Soloto Valley

45
10

28

Ask.

Bid.

cert.

9
i

LakelirlB j!W....10O
Prof. 100
do

.

W.

«. L.Van. AT. H
«. Louts A San Fr. 100
100
do Pref
do Ist pref.lOO

KlngsfnAPembr'koSO

USb. &MI0I1.S0..IOO 104%
50* 5m
Lehigh VaUej-

A

S.

98
23
75

25

jirpf.lOO

cUi

HlSOBLLAimOUS.

Ask.

107'4 107% St. L. Ft.

152

110^
200
ISO
103
142

ifllNlNG

A

Brunsw'k Antimony.
Calumet A Heoia...25 271
Catalpa Silver
(Neutral

1121s Franklin

101
56
126

90
122

3%
Ills
47I9
2

Huron
Minnesota
National
Osceola...

Pewablo
Quinoy
Ridge

48
5

273

18C.
15a.
10
16
25 xl5
25
13% 143g
419
25
4
4
25
2>t
5
25
4>s
161a
25 xl6
25
4>s ^6
25 70
1
25
25 113 1431*

m

Tamarack
slnlxindon.

4
15

«

Quotation p«r share.

"

THE CHRONICLR

218

[Vol.

XLVni.

GENERAL QUOTATION'S OF STOCKS AND BONDS—Oonoludkd.
For Bxplanattouo Sen
Bank

Ask.

Bid.

Uakufac'iko Stocks.

Stocks.

Bid.

100 129
fourth National.. 100 111
990
100 ii 6
liri4 Preemans'
lOOi 101
1895 ^lobe
100 1.6
140
Hamilton
760
aide* Leather... 100: 12613
100 lOa la
105
Howard. . „
loo lll>s
110
Uncoln
vlaniLfactnrers'.. .100 If 2is
100
iOO 93
118
Market
1390 viarket(Brighton).lCO HO
134
250 110
Vf assachueetts
100 133
1060 tfaverlck
SirstWard

IBANtTFACT'lNC.

V<<to> nt ll^od

of Plrst Paije of dnotatlona.

Bank Stocks.

Ask.

130

j

tievr Orleans,
Bank of Commerce. 10

Bid.

Ask.

iNscKANCK Stocks.

Bid.

San Francisco.

8% 9 Ani;lo-Californian
64
70
Canal ABanklng.. 100 1571a 1601s Bank of California... 220
100 34
First Nat. Gold. ...100 1471s
36
GermaniaNat
128
100 192
Pacific
155 155>t
Androscog'ii (Me.). 100 1391a
1'..7
HibemlaNat
163
100 155
FIHB INSUR'CE
Appleton (.Mass.). 1000 750
Ijouisiana
111
165
Nat..
..
100
162
STOCKS.
104
>s
Auantio (MnR8.)...lC0
113
Metiopolitan
100 30 135
Boston.
Barnabv (lallRiv.)... "97"
102% iMutualNat
American F &M..100 91
100 136 139
92
Barnard Mfg. (F.B.).. 117J2
'514 Sew Orleans Nat. .100 610
Boston
100 148 149
100
Bate«(Me.)
141
'People's
Boylston
50 78
80
100
82
BoottCot.(M(isB.)lOOO 138
821s
lloH 'State Nat
Dwelling House. ..10(
100 1I934 122
92
93
Borderaty Mty. (F.E.) 132
Union Nat
137
Eliot
100 1361* 140
100 116 II6I4
Boston Co.(Mas8.)1000l 1050
Whitney National. 100 250
Firemen's
100 189 191
Boston Beltlnif....lOO; 170 170% Vlechanies' (8o.B.)100 132 135
100 88ij 89
Manufacturers'. ..100
York.
42 19
42
Bost. Duck (Ma8e.)700,1150 1200 vferchandise
I4314 America
tferchauts'
100 14.^
100 185
Mass. Mutual
100 115 117
Cbace (Fall Klv.) .100 111 114
101
110
100
109%
American
loo
tfetropolitan
Excli'eelOO
146
Mercantile
F.
& M.lOO 115 116
Cliicopee(MaB9.) ..100
Asbury Park Nat. 100
100 227 |232
Monument
103
Neptune F. A M...100 75
Cooheco (N.H.)....500 426 410
751a
8I4 at. Vernon
7!%
Bowery...
100 I.S8I2 140
100 240 250
North American ..100 105 103
Collins Co. (Coun.)..10
.^4
33
100 162»s|165
Broadway
<ew England
25 290
Preseott
100 100
Contlnenta: ,Me.). 100
52ifl North
50
100 141% 142
Butchers'* DroversSS 180
Washington
100
73
75
CSres't Mills (F. E.) 100
50
115
Centra! National.. 100 1371a
Sorth America.... 100 113
Hartford, Conn
Crystal Spr. B1.(F.K.).
126i2!l27
ios"
Chase
255
OldBoBton
100
National
<S;tua Fire
>..100
....100 243
Davol Mills (F.R.) 100
235
70
People's
100 161 163 lOhatham
25 255
Connecticut
100
Dongl'sAxe (Ma*8)l(X'
114
100 135 136 iChemloal
rtedemptlon
500 74.") 730
^...100 4000 4200 Hartford
100 303
Dwljtht (Mass.).
ISaij ICity
99% 100
Bepublic
100 168
100 373
National
100 lasij
Kverett (Mass.). ..New
.100 13913 140
ICitizens
Revere
25 155
Orient
100 95
F.E. Machine Co.. 100 55
98
100 1.52 l.'i4
Columbia
.•...
125
Phoenix
100 199 200
FUnt Mills (F.E.) 100 118 i'20' Rockland
95
941s
5eoond Nat
100 1731s 175 iCommeroe
100 185
Steam Boiler
Franklin (Me.). ...100
50 105
121
195
leourity
100 185
!Co:umerctaI
110 115
Gl'beY.MiH6(F.R.)100
Neiv Orleans.
2.i0
100 129% ISO
Continental
Jhawnint.
6raiilte(F.R.)....1000
100 I3OI2 131
Crescent Mutual ..100
55
100 ioei4 1P6'< Com Exchange ...100
240
1 actors' and Tr...l00
Great Falls (N. H.)100 100 IOOI4 jUoe & Leather
12
14
13112 EastRiver
state
100 131
25 153
56il
Hamilton (tiass.) 1000 920 930
Firemen's
50
1S4
Suflolk
100 123'^ 131
Eleventh Ward
Hartf. Carpet (Ct.)lOC 145
25 150
Oermauia
100 118 123
81
841s Third Nat
100
100 1061s 107
First National
mU(Me)
100 2000
Hibernia
100 66« 67 Is
Traders'
100
89% 90
Holyoke W.Power. 100 250
FourthNalional...lOO 141
Home
100 91
96
1005
1010 Tremont
100 111 II4I4 FlTthNalional
Jaokaon (N. H.)..1000
100 200
Lafayette
50 x6-(
73
1(J9
Onion
100 142 H^^ Fifth Avenue
King Philip (F. B.) 100
100 1200
63 1« 65
Morcliauts'Mutualloo
400 495 500
Washington
100 I27I4 1271* Fourteenth Strcet.lOO 155
liaoonia(Me)
Mechanics' & Tr... lOO 1141s 117
iS'ebster
Lancaster M.(N.H|400 Si-O 600
100 110 IIOI4 Gallatin National ..50 235
New Orl's Ins. Ass'n 30 20
21
i2J
L'rel Lake Mills (F.E.) 119
Brooklyni
(Jarlleld
100 3:10
New Orl's Ins. Co. 5( 22
24
Lawrence (Mass.llOOO 1675 1580 Brooklyn
100 150
German
American.
123
I'lO
»,
.75 118
Sun Mutual
122
690 602 ij 605
First National
50 340
Lowell (Mass)
German Exchange.lOO 210
Southern
100 9214 91
13i
Lowell Bleacliery.200 133
Pulton
40 167
Qermania
100 2t0
Teutouia
loo 123 130
Lowell Macli.8hop.500 6.0 o75
(3ity National
50 340
Greenwich
25 130
New Iforlt.
t3
Lyman M. (Mass.). 100 61
Commercial
60 150
Hanover
100 226
Alliance
1000 100 130
143
ll3is
Manchester (N.H.) 100
(>ong Island
100 118
Hudson River
100 142 150
American
SO 150 160
Mass. Cotton
1000 1105 HI
Manufacturers'.
150
huporters' & Tr...l00 510
Bowery
2f115 120
lOS
Mechanics' (F. R.) 100 lOd
Mechanics'
50 235
Irving
50 170
Broadway
21 130
140
I331J Sassau
Merchants' (F. R.) 100 132
100 235
r.,eather Manufts..lOO 220
Citizens'
115
2t 110
1210
124>
Merrimaok(Ma8s)1000
Clilcaeo.
Lincoln
100 190
115
120
City
7(
;2'4 American E\ch. Nat
Metacomet (F.R.) .100
121% 125
Mailison Square. ..100 103
(Commonwealth. ..100
90 100
Middlesex (Mass.). 100 256" 153
Atlas National
112 117
Manhattan
185
50
lOo
200
215
Continental
105
Karraganb'tt(F.K,)100 103
Chicago Nat
100 180
-Market & Fulton.. 100
190
Eagle
40 190 200
Nashua (N. H.)....5O0 635 640
Jonimiircial Nat. .100 215
Mechanics'
25 ISO 191
90
Empire City
100 80
Naumkeag (Mass.)lO} 99\il00 Continental Nat. ..100 117 120
Mechanics' & Tr.. .25 180
100 110
Exchange
30
^•9
"
91
N. E. Glass (Mass.)375
First National
100 2621a
.Mercantile
100
195
100
105
Farragut
Newmarket
500 335 340
Fort De;irborn Nat
100
.Merchants'
50 145
File Association ..100 110
125
Paolfio (Mass.)... 1000 1615 1620 Hide and Leather. 100 ies'
Merchants' Exch'e 50 lis 123
75
jFiremon's
85
1
Pepperell (Me.
600 X1175 1200 Merchants' Nat.. .100 360
Ills 12'i German-American 100 295
Metropolitan
100
315
118
120
Pooasset <F. R.)...100
Metropolitan Nat. 100 1871s
.Metropolis
100
255
153
160
Germanla
50
90
92
Btch. Bord'u(F.E.) 100
Nat. Bk. of Amer..lOO 139
Mount Monia
100 225
Globe
50 113 120
95
Bobeson (F. Elv.) 1000 85
Nat. B'k of IlUnois.lOO 215
.Murray Hill
50 2 30
2.'i
IbO 205
Greenwich
Bagamore (F. Rir.) 100 122i« 125
Sorthwestern Nat. 100 800
Nassau
50 153
60
Guardian
loo
65
225
8almoiiFaUB(>'.n.)S00 221
Union National
100 170 175
New
York
235
100
250
90
95
Hamilton
15
20
25
Baudw.Ula88(iMass.)S0
an.Stock Y'ds Nat.lOO
200
N.
124
Y.
Nat.
Exch'gelOO
130
140
Hanover
5o
Shove (FallKiv.). 100 109 110
Cincinnati.
New York County. 100 3!0
Home
100 140 145
62 "s 65
Blade (Fall Riv.)..100
Atlas National
85
Ninth National.... 100 140
Jefferson
30 100 110
119
BtafTord (FallRiv.) 100
Citizens' National
18711
North America
70 156 158
Kings Co. (B'klyn) .20 lOJ 170
BtarkMilU(N.H.)1000 1115 LI 25 Commercial Bank
110
125
NorthElver
140
30
82
Knickerbocker
30 80
120
Teoumseh (F. R.). 100 118
ilqiiitablo National...
135
Oriental
23 200
80
85
Lafayette (B'klyn) .50
Thorndlke(.Mas8.)1000 12:25 laso Filth National
95
Paciflo
170
.50
Liberty
80
70
75
120
Tremont^a.(J!a88)100| 128
First National
2651s 270
Park
100 210
90
Long Isl'd (B'klyn). 50 80
Troy C.&W. (F.R.) 500 i*80
Fourth N.ational
195
People's
25 200
Manut, ABuilders'lOO luO 105
250
DnionC.Mt. (F.E.) 1001
155" ifc'O
German National
Phenix
20 133 1£ 1341s Nassau (B'ltlyn)
00 130 185
Wampauoag(F.R.)100 135 1371s .Market National
95
Produce ExcUangeU'O 110 115
93 103
National
37 is
to
70
WashlnKt'n"(Masg.)100
.Merchants' National.. 142"
Republic
IOC 15^14
170
3,.
163
N. Y. Equitable
Weed Bew. M'e (Ct.)2o
National Lalarette... 2U0
"65
300
125
100
Seaboard
75
80
New
York
Fire
1<X
Weetamoe (F. E.)100 "gV
Ohio Valley Nat'l
143
45
Second National. .IOC 330
145
133
Niagara
50
48
Wlllim'tlc Llnen(Ct)25
Second National
2lO
210
120
Seventh
National.
100
S3
90
North
25
River
York Co. (Me.)
750 1075 1U85 Third National
149I2 loOis
Shoe & Leather.... 100 152
160
Pacitic
23 153
vro€KS<
Western German Bank 216
Sixth National
100 250
60
50
Park
100
Baltliuoro.
Hartford.
St. Nicholas
100 125
130
150 160
20
Poter
Cooper
Bank of JJaliimore 100 140 142
jEtnaNat
100
1021a
Stateof
N.
Y
100
80
85
1121s
30
1131s People's
Bank of Commerce. 15 15
16
American Nat
50 65
Third National .. .100 111
Phenix (B'kiyn)
50 107 110
Citizens'
10
19
20
Charter Oak Nat. 100 105
Tradesmen's
lOlifi
40
120
130
Rutgers'
25
Com. & Farmers'.. 100 130 134
City
100
92 100
United States Nat.tOO 210
Standard
50 100 105
Farmers' B'k of Md.30
32
cSonncctlcut River 50
48
Western National 100
95% 96 Stuyvesant
93
00
25
Farmers' & Merch..40 57 1«
Far. & Mech. Nat. 100 1021a
WnstSide
100 200
165
25 153
United
States
Farmer8'&I'lauter8'25
4413
First Nat
100
100
Philadelphia.^
150
10 140
First Nat. of Bait. 100
Westchester
l-25is Hartford Nat
100 1.50
Bank of No .\mer.l00 350
WiHi.iinsburg Uity..^- 255 293
Franklin
60
90
91
Mercantile Nat
100 80 100
Central National 100 340
German Aincrlcau
inAItlNIC I N s u110
National Exchange. 50
fiO
Ciiy National
50 130
Howard
ii.A.\ci<: scuip.
1
Sij
PhrenU Nat
100 120
iCommon wealth Nat 50
40
Marine
Atliiutio Mutual.. 18 -5 100 la 101
30
87
State
100 92
Corn
75
Exchange
50
"«
188d 101
102
Mechanics'
10
12% 13>4 United States
100 250
FirstNat
100 230
Merchants'
1837 102 103
too 134
128'" Conn. Trust e....lOO 140
165
Farmers'&Meoh.N.
100
National Eieh'ge. 100
103
104
671s
1888
IL.rtford rrustCo.lOO 123
Fourth .St. Nat'l.... 100 113
People's
"1914 19% Security Co
Commerl. Mut.1873-82 60
2»j
100 110
fudependence
Second National ..100 160
IOd 125
Third National. ...100
iGirard National
40 108
PRICES
lilXCHANOB
110
Louisville.
Union
Keystone Nat'l
57
50
68
jnKmBeBsutF.s.
75
80
81 Hi B'nk of Commerce
123 125
.Manufact'r'r.s' Nat.lOO
93
Western
20
32
Hank of KentuckylOO 16S 170
«
I'eun National
50 85
Boaton.
Hank of LouisviUelOO 98
99
Atlantic
Philadelphia Nat. 100 252
100 135 14 13513 (!itizena' National. 100
22,000 bid
N.Y.Stook
119
120
Atlaa
Southwark
Nat'l
50
100 123% 124
1261a
Last
sale,
Ftb.
14.
22,000
(Jity Nat
100 118 120
BuMjkatone
Portland, Me.
100 112% 113
700 bid.
N.Y.Cousol. Stock* Put.
I'alls City TobacoolOO 109
110
Boston Nat
Cumberland Nat.. .40 46
100 I2311 124
48
Last sale, Feb. 12..
700
Farmers'of
Ky
...100
109 110 'CanalNat
BoylstoD
100 143 150
100 138
N.Y. Produce
1,250 ask.
140 iKanncrs' & Drov..lOO 103
107
Broadway
(JasooNat
100 138
100 110
40
Lust sale, Feb. 7.... 1,200
First Nat
100 175 176
Banker UUl
FlrstNat
100 106 109
100 181
N.Y. Cotton
950 bid.
187
l(3erman Ins. Co.'s.lOO i:^5
136 iMerchauts' Nat
Central
100 134% 135 Herman
75 119
120
Last sale, Jan. 15.. 1,025
100 175 180
Olty
National Tr.aders'.lOO 123
100 1(13% 104
130
bid.
N.Y.
Coffee
573
'German
National. 100 119
„
llO
Oolumbtan
100 130
St. Lonl8.
130,,14; Kentucky Nat
Last sale, Feb. 10..
600
100 129 131
Oommerco
B'k of Commerce. .100 460
100 l;i71t 1'8
165
bid.
N.Y.
Metal
40
l^uisT.
Banking Co.40 255 257
Commonwealth... 100 139 140
Commercial
100 350
Last sale, Jan
55
Masonic
100 137 140
Oontlneotal
100 IIUH 121
Continental
100
170
R'lEst
E.vch.&Auo
bid.
1,175
R'm
Merchants'
Nat. ..100 144
146
g?Kle
Franklin
100 106>t 107
100 225
Last sale, Feb
1,175
Northern of Ky ...100 124
EUot
126
Pcuirth National ..100 140
100 122«« 12»
150
._.
Boston Slock
11,000 bid
People's Bank
119 120
Everett
loc 101%:i02
International
100
90
Last Siile, Aug... .. 12,000
921a
Second Nat
100
115
Krcbange
116
loo 136 1137
Mechanics'
100 135
Piaiadelpiiia Stock
2,900 ask.
Security
100
FaneuU Hall
100 143
Mcrohan t«' Nat
1 00 107
144 l^nilrd NaUonal ..100 ISO 183
Last sale, Fel>. 9... 2.850
inrsi Narioual
139 141
loo 237 2iO
St. Louis Natlonal.lOO 130
Chicago
Bo;ira
of
Trade
1,575 ask.
Westom
.lool 131
1S2
Third National. ...100 104 1071s
Last sale, Feb. 7.... 1,175
•Price nomliii.1; no Ute transactions.
i Oaotatlons per eh ire.
Am. Lluen

975

(Fall Klv.)

100 117
AmorjMN.H.)
AmoskeaK (S.H.) 1000 1890

j

113

I

Kifeij'

10)14 Citizens'

New

-.

.

.

!

I

,

.

!

i

)

um

I

BANK

.

.

1

.

. .

i

i

i

OF

.

I

,

I

I

,

. . .

I

.

Rdbuabt

..

1

..

1

THE CHRONICLE.

10, 1889.J

Jwuestiwent

219
Laiett JbtmtHg$ StporUd.

BOADS.

VeekorHo

AND

The Investors' Supplement, o pamphlet of 150 pages,
contains extended tables of the Funded Debt of States and
Cities and of the Stocks and Bonds of Railroads and other
Companies. It is publithed on the last Saturday of every
other month— viz., January, March, May, July, SejHember and November, and is furnished without extra charge
to all regular subscribers of the Chronicle.
Extra copies
arc sold to subscribers of the Chronicle ai 50 cents each,
and to others at f 1 per copy.

ind.D«e.AWe8t.iJnnuary ..'
Iowa Central .. Ist wk Keh|
ICanawiiaA Ohio 1st wk Feb
K.C.Ft.8.itMem IthwkJaii'
Kan.C. Cl.AHp IthwkJaul

K.C.Wy.AN.W. December.;

1888-9.

X887-8.

33.224|

28.750
4,297,

121.099!
6.717

20,039
27,821
3,»»5
12.5,945

7,0/0

33.60t.

1

.t Mo. Rlv...!Xovcmber.
Loul8.Kv.&8t.L jlthwkJan
L<ml8v.*Na8hv.|lst wk Feb
Lou.N.A.AClUo. IstwkFeh

Loulsv.

N.0.AT.|l8twkFcb

January ..
The General Quotations of Stocks and Bonds, occupying Louisville So
Lykens Valley, loecemeer.
ii» pages of the Chronicle, are now published on the Jlar.Col.it Nor'n January ..
MemphlsAChas. UhwkJan;
third Saturday of each month.
;iMexicai. Cent Ist wk Fib
SanLuisDlv.. jlRt wk Feb
1

to

1888-0.

«

Kentucky Cent Janniiry ..!
72,"00
70,959|
Keokuk A West IstwkFebj
«,714
6,223
Klnitst'n A Pem. January ..
9,811
9.526
Knoxv. <t Ohio December
40,59:<|
39,890
Lake K. A West IstwkFe'
47,751
34,072
LehlKhA Hud.. January ..
19,260!
13,951
L. Rock & Mem 3d wk Jan.
13.761
18,324
Look Island
January..
187,74f
174,407
La.

Jan. 1

37,530
18,584l

329,290
34,375
51,761
37,303
82,731

50,267
19,401

311.740
33,963
50,982

33,221
139,142
20,361
357,248
18,886

LaUit Dal*.
1887-8.

•
29,089
126,000
24,764,

337,990
20,2e&

70,959
'72'7oi5
32,173
35,40«
9,814
9,520
500,286
465.653
232,936
180,079
19,260
13,951
41.421
54,972
187.748
174.407
418,393
550,639
70,790
75.661
1.715.275 1,618,557
190,647
1 09,373
302,750
280,994

92,208 1,012,212
811,067
6,926
7,185
6,926
7.185
42,258
1' 0,022
48,856
157.940
90,030 110,535
575,789
622,577
1,417
9.815
tMex.N. (all lns»l January
262,588
178,133
282,588
178,133
iMexlcanRallwj jWkFeb. 2.
89,775
76,697
427,899
387,897
Mll.L.8h.itWest !let wkFeb
40,630
35.22
213,855
168,6'S6
Milwaukee&No.'Ut wkFeb
18,680
16,210
97,052
81,085
LaUtt Samingt Beporlea.
Jon. 1 to LaUtt Dale. Mlnnoai>.ife8t.L. .lanu.iry ..
83,000
86,600
33,000
86,600
Roads,
Mo, Knn.&Tox. .lauuary ..
440,97j
4.55,123
410,972
455,123
Wetk or Mo 1888-9.
188T-8.
1888-9.
1887-8.
Mobile it Ohio .. Januaiy .
281,433j 202.210
181,433
20.',21O
Nash. Ch.ASt.L. January ..
293.9"0 270,8i 6
293.9-'0
270,806
S
$
Natchez Jae.itC lat WkFeb
4,014
3,'iG.^
20,602
19,238
Allegheny Val. December.
183.51S 179.048 2,098,9851 2,029,108 New limnHwIck.;
December.
65,870
65,570
8fi9,06(i
816.445
Asliv.itSpiirtuu. Janiiary ..
8,»>7r>
8,200
8,675
8,200 N.Y. Cen. <feU.R.;january
2,710,150 2,716,701 2,710.1.50 2,716,704
Atcli. T. it 8. Fe. Noveraner. l.-KiO.HTl 1,657,078 14,260,107
16,965,112 N.Y. L.H. it W.. December. 2,141,803 2,232,648 27.1109,353
26,853,209
Whole S3'8tera. NovetiiV>er. 2,3U:i,.-ill
N.Y. Peun.&O.. November. 492,037 560,101 5,694.200 5.858.815
Atlanta >t Ohar November.
H9.32L' isiis's'ii l,l'96,0'l8 1,1»8',749 N.Y.& New
Bug.: December
429.8t;9; 425,85
5,310.064 5,054.276
Atlaiitiiil: W. Vu. Dei eiiilier.
4»,0(i9
41.684
417,919
416.898 N.Y'.&Northoru January ..
42,91o|
40.273
42,910
40,273
AtlantieA I'ac. Ist wk Feb
51,133
43,57
326,436
273,120 N.Y. Out. it W... 1st WkFeb
23.822
25.191
I28,38d
125,550
Aii(t. Gib. A Sau.jNoveuiber.
12.018
9,06
N.Y.Sus.ifeW...
December.'
123,694|
135,645
1,445,901
1,395,185
B.iScO.East. Line* December 1,317,100 1,248.633
Norfolk it West Ist WkFeb
89,i00
74,972
471,243
424,116
Western Lluee. December
.*24,!>32
420,618
N'theastruO.C.Ij vovcmbtr.
50,951
45,297
556,9801
499,960
Total
JDecember. 1,712.032 1,609,25 I
499,538 490,286 6,203,394 6,212,926
Bait. & Potomac (DecembiT
113.221 120,983 1,539,124 1,447,333 Northern Ceut'l. December.
Northeni Pacitlc l.st wk Feb 255,739 162,227 l,375.88."i
865.834
Beech Creek
December
f5,11.5
97,352
913,334
78i-;,S23
3ii,328
Ohio led. it W.. ith wkJau
31,561
3.-,092
111,336
Bofl.Rocli.it Piti 1st wk Feb
122,245
26,6:0
196,884
197,601 Ohio&MIss
1st WkFeb
78,387
72.703
395.9 43
377,530
Bar.C.Kap.&No. Ithwk.lau
7i;,371
72,4>.9
205,628
208,2J5
Ohio River
jlslwkFeb
9,01o
6,933
Cairo V. & Cliic 1st wk Fob
45,620
33,916
13,4Gll
13,068
67,559
69,520 Ohio Southern.. November.
48,111
60,153
Califor'a South. November.
506,140
532,770
82,637
135,957 1,368,621 1,335,754 Ohio Val. of Ky. 1st
WkFeb
2,12
2,09
•Camden & Atl'c December.
10,730
11,598
35,398
33,724
6)6,128
678,614
45,373
48,554
Canadian Paoltlcj 1st wis. Feb
42 7,711
443,619
192,000 203,000 1,090,000 1,004,205 Omaha it St. L..; December
Oregon Imp. Co.; December
335,482
371,205
Op.Pr&Yad. Val January ..
31,41ri
4,876,051
4,167,707
27,920
34,415
27,920 Oreg. R.itN.Co.ilth wkJan lii3,473
80,179
Carolina Cent... Xovember.
354,778
272,593
63,416
56,975
490,868
46S.202 Oreg. Short Liue|Deceiiiber.
215,250
171.811 2.071,865 2,018.068
Ccn.RR.&BK.Co. December. 750,365 742,005 7,314,140 6,761,726
' ' ~
- Central of N.J. December.
977,212 992,478 13,177,47.<< 11,! 24,075 Penn.tylvania. ..I December. l,80^,0-3, 4,892,951 58,172,077 55,671,313
PeoriaDee.itEv. 1st wkFeb
14,884'
Central Paeino November 1,381,062 1,300,303 14,615.850
12,884
71,234
68,833
12,127,832 Petersburg
December.
34,293
Central of B.C. November.
3;i,35
413,-508
360,631
8,915
9,241
94.339]
82,779 Fblla. & Erie
{December.
257.161
Oharlest'n ASav Ueoember
328.637
4,373,042
4,036,031
56,991
49,557
554,191
495,763 Phila. & Reail'g. December 1,517,060 1,715.656
Char.Col.itAug. January
0,016,746 21,903,073
87,900
81,700
87,900
81,700
Ooal&lronC6.;December. [1,125.563 1^573 422 18,375,794 19,656,704
Cberaw <fe Darl .Vovcmber.
8,0B4
7,917
74,473
71,587
Tot.bothCo'8..|December 2,642,6i9 3,289,078 38,992,540 11,569,777
Ches. AOhio
December
330,359 360,576
Pitts. & West'm '4th wk Jan
64,834
Ellz. L k B. S.'.Voveml>er.
42,359
137,066
161,096!
87,232 110,633
9'l9',208 l,di.5,752
P'rlRoyal AAuc. December.
25,205;
Ohes.O. &a. W..iJanuaiy
27,541
320,404
317,6081
167,010 160,760
167,610
160,7€0 Pt. R'al & W.Car. December.
41,169'
Cheshire
36,723
301.665
November
335,375
M,215
49,965
548,426
604,476 Prescott. it Ariz. January
Ohes. (k Lenoir. .Vuvemher,
11,923
8,712
11,925
8.713
7,1146
7.402
71,915
63.336
Ricb.ifeAU'g'y.iWkFcb.S..'
Chic. &Atlantlc. Ist wk Feb
19,8701
10.259
121,56
54,086
39,32M
39,068
201,092
188.797
Ohlc.Burl. & No. December.
938,0!i2
840,671
183,401'
141,998 2,026,319 2,270,199 CR. it Danv.Sys ;4th wk Jan 228,201 207,021
Rich. & PetersB December.
Chic. Burl. &O..J December 2,167,674 2, 63,388
22,901
19,577
231,590
266,511
23,789,168 27,576,078 Rome W. it Og
December
Clile. Jt h:nnt. fll.i lat wk Frh
267,36:! 204,101 3,357,353 3,222,607
39,022
39,128
207,634
198,177 St.JoK'pb & Gr.I.! Ist wk Feb
Ohio. Alnd. Coal: l.st wk Feb
24,082
22.4S7
106,251
03,948
ll,37f?
10,912
51,632
59,532
8t.L.A.i»T.ll.Bs. Ist wk Feb
Tot. both Co'h.I ist wk Feb
18,110
17,232
96,102
96,864
tO.JOO
50,340
262,266
255,709 St.L. Ark.ATex jlst wk Feb
53,399
Chlc.AIIl.AMt.P.lstwkFeb 396,590 361,4 50 2,052,500
48, V 2
262,697
322.147
l,816,l'i6
St.L. it San Fran. 1st wk Feb
Chlc.&N'tliw'u December 1,910,627 2,191,56:j
95,375
84,828
520,0-0
477,521
25,832,973 27,140,725 StPaul it Dulutli January .
CUlc. & Oh. Riv. January .,
64,963
64,511
64,511
61.903
7,872
3,274
7,872
3,274 8t.P.MIn.it Man. January ..
OWc.St.P. itK.C. January ..
394,000 482,421
482,421
394.000
191,9.t8
121,863
191,958
121,803
Chle.St.P.M.&O. Dccrmbpr.
22,ny
13,733
48,514
61,184
457.576 599,165 6,414,422 6,940,873 B.Ant.itAr.PuBB. 3d wk Jan.
CUc. & \V. Mich. l8t wk Feb
Scioto Valley
Deceiuber.
54,683
62,901
789,125
665,927
2^,470
22,394
114,161
104,505 Seab'rd & Koau. November.
CMn.lnd.St.U&c. lat wk Feb
77.127
71,499
621,684
571,796
5 1,.^03
51,668
283,408
256,500 Seattle L.8.& E. [January ..
Ola.Jack. JtMac ' .St wk Feb
18,227
18,227
8,886
8,121
51,720
41,157 Shenandoah Val. January ..
ClJj. N. O. &r. p. ttth wk Jan
53,000
51,100
51,100
53,0i0
118,219 104,45'
319,37?
277,626 South Carolina December.
Ala. Ot. South -lt:i wk Jan
123,500 122,898 1,269,031 1,217,393
5 -,560
52,120
160,800
136.750
N Orl. AN. E iithwkj.in
80. Pact He Co.—
37,.'582
29,6:i7
100.801
75,049
Vloksl). AMer.'lthwk Jau
Ual.Har.itS.A. December.
314,922 314,878 3,?C4.674 3,347,184
20,631
18.009
56,853
40,008
9(!0,4o4
Ixuiis'a West. IJecember
Vloks.bh.AP. ithwkJat)
83,167
77,816
843,795
22,620
18,54K
.53,624
47,252
Morgan's L&T. December
ErlanwrSyst 4th wk Jan 257,612 222,755
581,420 6:20,732 5,220,101 4,084,339
691.459
582,743
CTn.Klch.AiFt.W. Ist wkFeb
N. Y. T. it Mex.iDeccmber
15,8391
15,5c6!
170.526
146,527
8,740
7,63
38,301
37,167
CIn. 8,1. i Mob.. December
Tex. & N. Orl. !December
116,308 119,126 1,438,57s 1,267,564
17,321
15,828
123.519
122,909
OIn. Waah.itBalt.! l.st wk Feb
Atlan'c system December 1,151,656 1,148,119 11.582,373 10,313,406
37,17;^
42,702
216,517
213,602
Paelllo system! December 2,826,O37i2,484,690'35,l 17,241 ib ,459,739
CTev.AkTonACol lihwkliin
15,744
12,693
51,194
42,9:i6
Olev. & Canton December
ToUUolall December. 3,977,693 3,632,809146,699,614138,773,147
32,201
28,801
379,183
373,413 80. Pae. KK.— ..
Olev.Col.C.itlnil November.
313,968 424,437 3,950,887 4,199,715
Whole system. January
No. Div. (Cal.) November. 185,001 142,7651 1,93 1,550 1,590,163
564,593 574,994
561,593
574,994
Oev. & .Miirictui'lst wk Feb
So. DIv. (Cal.) November.
5-<;l,132
401,902; 6,122,1081 3,8M2,504
3,481
5.699
22.4'-3
30,603
Color Micil.uid. 4th wk Jan
Arizona Div.. November. 10 4,030 109,170 1,923,589] 1,521,815
36,894
28,829
113,054
85,TI6
Col.it tircenv.. January
NewMe.v.
November.
Div.
78,584
635,799
59,202
916,725
6t,70i)
57,900
64,700
57.900 Spar. Uu. A Col November.
goL&Cln. Mid llatwkFeb
11,270
70,172
10.55S
03,8261
5,557
5,880
31,912
32,274 8tatents.Uap.Xi Jariuaiy ..
OttLHock. V. it T. 1 St wk Feb
49,956
42,781
42,781
4'i,930
49,95«|
46,920
251,022
252,142 Summit Branch December.
»ay. Ft. W.A< 'hi. January
111,074
12-',9.-)7l
1,358,815
1,442,671
37,122
34,817
37.122
34.817 Texas it Paclrte 1st wk Fot
Denv. * Klo Or let wk Feb 123,000
102.0 5
663.346
116,071
633,898
120,000
695,000
706,437 Tol.A.A.itN.-M'b Ist wk Feb
Denv. * R. y. \v. ist wk Feb
16,132
10.376
54.708
8 3, 070
17,600
17,20o
130,62
10S,S75
Den.e. l"k it I'ac. IVc. mber
21.92.i
18,023
130,659
07,751
70,727
90.213 1,0;5,386 1,282,680 T0I.& Ohio Cent Ist wk Feb
Det.BayC.ifeAlp.ilst wk Feb
Tol.
1st
wk
P.
A
West
18,76ii'
.
Feb
10,873
88,842
86,876
9,798!
7,900
48,298
35,705 Tol.8t.L.itK.C Januaiy ..
getLfius'K J: No. l»l wk Feb
32,8" 2
6b,193|
32,872|
66.193
15,708
U,4ll
8<i,»05
71,92 4 Union Facillc... December. 2,380.420 2,213,>i72|29,26o,821 28,557,766
Duluth».s.Jt\tl.| Uh wk Jan
31,1721,369
82,575
77,050 Valley of Ohio.. December.
g.Teim. Va.(t(la. 1st wk F.-b 121,353
5 4,576!
52.384!
665,d2;J
624,104
110,964
613.378
580,4('8 Virginia Midl'd January ..
7ans.&lnd•pli^. 1st wk F>-b
140,300; 125,900'
125,900
140,300
4.34
3,83
21. '92
20,-'40
rausr. * T. U. ist wk Feb
Wabash Kaihv'y November. 56 4.012 590,850 6,028,069' 6,380,896
15.1? 63
14,780
83,
79.025 Wab. Western... 1 St wk Feb 107,31)
' * P. iMar.j. lat wk Feb
85,465
.558,332
49tf,>'61
39,910
46.426
211.088
210.-22 Wash.O. & West. Janiiiry
7,900
7,000
7,900|
7,000
S°i;'i5;Nav.Col,twkFeb
2'-.117
137.i-:523,592
118,801 Western of Ala L)i eember
yuW.*Den.C;it\ Uhwk.Tan
51,1.59
56,142
461,943
487,779
20,052
15,4 JO
71.832
63,503
l>en.T.it(;i,irii,iiwkJar.
WestN. Y.&Pa l8t wk Feb
48,700
53,000
283,100
265,759
13,728
53,461
22,871 West. No. <Jaro. Jan;iai'.v ..
e3,000
t-3,0iiO
Jij;"- r.itFt.W UhwkJan
50,700
50,700
16,661
62,219
tWholeH.vst'n.. UhwkJan
West Jersey
l>cecml>er.
90,841
98,897 1,556,03 4 1,469,21(!60,444
J
190,537
OeorKiaPaelllo. January
W.V.Ceu.APltts
December.
60.493
44,629
657,110
413,86(»
118,497
116..571
118,497
116,571
Sr. Rap it lad... 1st wk Feb
Wheeling it L.E. Ut wk Feb
15,076
16.544
87,8281
85,858
39,027
39.675
201,6321
186.028 WU. Col. A Aug .Vovember
Other lines.... Ist wk Feb
78,433
678.224
74,0061
722,4121
3,296
3.3 J5
17,611
16.182
Brand Trunk... iVk Feb •>
Wisconsin
Cent|lst
wk
Fob
297,4>)ll
52,5^0
60,1721
288,483
319,765
282,610 1,5'J3.178 l,427,5ti3
Gnu Col.it S.Fe. November 335,90z 387,200;
2,875,363 2,582,959
H0U8.41ex.Cen. 'January .
213,1100
* And branches.
176,800!
213,001)'
170, '00
All lines iacluded.
t Mexloan ourrency.
HuniesfniHiien January ..
111,500'
13,174
10,50ol
13,174
t Inoludea whole system from Fort Worth to Denver, but ii.jtoar iisgs
ni.Oeu.(llliso) Ja.iuar^
993,852 957,803
993,8.12;
957,803
CedarF.itMin. Ja.mary
OS joint track— Pueblo to Trinidad.
6,20
<
4,929
0,2651
4,929
Dub.iV.--hi'xC.;january
128,865
1H.042|
12-i,8l!5'
113,642
5 Including Iowa Falls A Sioux City.
Iowa lines.... Jauuiry
135.130 118,571
135,1301
113.571
Total all.
6 Including In 1880 Q«adala)ara branch.
January
1.135.217 l.Oxi.^Oll 1.135.217' l.O-ii.304
e Earnings of entire system, iucluding ail road operat -d.

RAILROAD EARNINGS.

.

I

'

i

j

I

1

.

1

,

|

'

|

j

.

.

!

I

I

.

^

;

I

'

I

. .

|

.

'

1

.

I

,

.

j

i

'

!

|

m

.

I

||

.

..

THE CHRONICLE,

220

latest weekly
Latest Gross Earnings by Week8.-The
summed up
earnings in the foregoing table are separately

1888.

1889.

1st teeek of February.

Increase.

S
AtlantloA Pacific

51,133

Buffalo Ko(li.& Pittsburg.
Cairo Yin. A Cliic

2t<,676

Cairo Vln.

Canadian Facitlc

CUcago A

Atlantic

Chicago <& East. Ills ...
Cbloago A Ind. Coal...
Chicago Mil. & St. Paul.
Chicasro

..

& West Mich

Cincinnati Tnd. St. Ii.& C
CIncimiati Jack. & Mack
Cincinnati Rich. <fc Ft. W.
Ctn. Wash. *. Bait

Cleveland

&

.Marietta

CoL& Cm. Midland
CoL H. Val. & Toledo
Denver* Rio Grande
Denver & R.Grande West.
Detroit Bay C. & Alpena.
Detroit Lans. & North....
£a8tXenn. Va. in Ga
XvansvUie & Indiauap...
EvansvUle &T. H
Flint & Pere Marquette..
Florida Ry. & Nav. Co...
Grand Kapids & Indiana.

40,930
123,000
17.600
9,798
15,708
121,353
4,349
15,863
39,914)

Other lluee

Iowa

Central...

Kanavha & Ohio
Keokuk

Western
I<ake£rle<& Western
liOnlSTlllc <fe NashvUle
LoolsvUle N All). & Chlo.
ik

liOnlav. N. O.

&T6X

Mexican Central
Milwaukee L. 8h. & West.
Milwaukee & Northern...
Matchez Jackson <feC
K.Y. Ont. & West
Norfolk & Westem
Northern Pacilic

Ohio Ac Mississippi
Ohio Rlrer
Ohio Valley ot Kentucky.
Peoria Dec. <S[ Evans
"Elchmcnd * Alleghany.
6t. Josepli &Gr. Island...
BtL. Alt.&T.ir.,l)ranches

28,117
39,02"
3,296
28,750
4,297
6,714
47,751
329,290
34,375
51,764
90,630
40,630
18,680
4,044
23,822
89,000
255,739
78,387
9,010
19,«70
24.082
18,100
53,399
95,375
102,005
16,132
18,023
18.766
107,313
48,700
15,076
52,550

2,091
12,884
10,259
22,487
17,232
48.227
84,82116,671
10,376
24,925
16,873
85,465
53,000
16,544
60,472

3,088,511

2,902,930

2.12:
14,88'i

Bt Louis Ark. A Texas...
fit.

A San Fran

Louis

& Paclflo
Toledo Ann A. & No.
Texas

Mich

Toledo A Oliio Central...
Toledo Peoria & Western
Wabash Western
Western N. Y. & Pcnn

Wheeling

,

& Lake

Erie
Wisoonsm Central

Total (58 roads)

Net Increage (6S9 p. 0.).
* For week endmg February 8.3
The Bnal figures for the fourth
13'08 per cent gain on 76 roads.
4(A week of January.

260
466
32,050
76
2,935

765

8.121

1,109

3,000

400
1,898
1,29'

10,389

51^

1,083

4,525

926
302
491
412
782

72.374
13,504
118,219
58,560
37,682
20,031
22,620
10,536
15,744
5,093
36.894

New Orleans A N. E
Vloksburg A Meridian..
Vlcksbur*.' Khrev. A Pac

Otoclnnatl Rich.

dereland Akron

A

Ft.

W.

A Col..

OtoTeland A Marietta
Oolondo Midland

Col.* Cln. Midland
Denver A R. Gr. West....
fast Tenn. Va.

8,«il6

36,675
156,925
31,484
20,052
58,870
5,580
25,336
6,632
121,099
6.717
8,818
42,258
4,925
30,328
133,473

A Ga

Floilda Rv. A Nav. Co...
FortWortli A Deuv.Clty.
Grand Rapids A Ind
Other lines
Iowa Central
Kanawha A Ohio
KansBii C. Ft.

Kansas

8.

C. Clin.

A Mem
A Spr ...

Keokuk A Western
Memphis A Charleston.
Natctit^z Jackion A C ...

Ohio Indiana A West»m
Oregon K'y A Nav. Co...
Total <76 roads)
W«t Increase (1308

5,927,970

May

1 to Dee. 31
8 months
Central ef Iowa

Chesapeake

A

Net.
Bnrl. Oed. Rap.A Nr.Gross.
Net...

732,993
235,759
512,456
182.213
1,379,834
99,539

—

1887.

$

$

$

122,230
18,037
330,359

Ohio. .Gross.

Soad.

&

1,369

93,512
5,684

764,549
241,389
542,497
197,850
1,352,526
183,983

^

1888.

1889.

7,185
2,664

6,920
3,399

7,185
2,664

6,926
3,399

No.. .Gross.
Net...

.

"1888.

*

After deducting taxes and rentals, maintonancc, new construction
otT preparatory to opening books ol reorganized

and arcoount charged
company.

2,077

34
2,000
9,611
1,595

ANNUAL REPORTS

868
5,172
10,547

Norfolk
14,666

(For

5,756
""6,902

4,300
1,468
7,9:i2

285,228
185,611

week

of

99,617

January show

72.489
10,962
104,453
52,120
29,027
18,009
18,546
9,977
12,693
7,923
28,829
8,523
29,200
161,121
25,742
15.400
50,228
4,604
29,049
7.336
125,945
7,070
9,722
48.856
4,294
34,564
80,179

Decrease.

33,777
115

»

Freight
ttaU,expre8P,Ac....

$
486,231
2,5f0,827
174,998

685,256
3,405,220
164,318

861,778
3,820,166
217,654

Total gross earn's.
Oper'gexp. A taxes.

2,771,120
1,649,291

3,252,056
1.960,910

4,254,794
2,483,781

4,899,598
3.001,927

Net earnings

1,121,829

1,291,146

1,771,013

1,897,671

Rate per ton per m.

0741

»

.*

s

$

$

Net Income*

1,121,829

1,325,149

1,872,662

2.045,109

Disbursemttits—
on bonds, Ac.
Miscellaneous
ligp. c. on prof, st'k

1,139,991
55,699

1,184,547
9,239

1,237,134

1,296,551

$
Inter,

12,830

8,065
9S
7,475
7,196

*

3,713

CFor

704
4,846

353
904
6,598

631
'4',236

'53,294

65,272

31
1887.

to Dec.

$

240,308

2,980,084

....:.

......

lEcludes incomejirom Investments, Ac.

Buffalo Itochester

976

1888.

330.o'o"6

1,626,551
1,237,134
1,195,690
1,193,786
Total dlsbursem'ts.
def. 73,861 sur. 131,603 sur. 635.528 sur. 418,558
Balance for year

5,742
4,652
8,642

782,952
717,680

1888.

1887.

1886.

1885.

559

—Jan. 1

cts.

$

INCOME ACCODNT.

3,051

,

1888.
771,248
2-833 cts.
2.749,924
0-577 Cts.

458,445
2,138,120
174,555

Freig't(ton8)oitrr'd.

Earnings—

2,542
13,766
6,440
7,955
2.622
4,074

5,210,290

1888.J

1887.
558,951
3-041 cts.
2,208,688
0-635 otP.

Passenger

652,373

Railroad.

tnding Dei.,

1886.
400,269
3-122 cts
1,555,867
0-655 cts.

1885.
3^8,087
3 027cts.
1,199.790

Operatio^is—

Paetengers carried.
Rate per pass. p'rm.

Increase.

& Western

the year

In advance of the annual report, the following preliminary
statement has been prepared for the Chronicle. The increase
in businefs on this road is one of the features of the report
for 1888, as the earnings from local freight iccreased |445,584
and from local passengers |164,183.

1.893
21,848

,

323,732
85,020
268,197
97,224

Gross.
Net...
Gross.
Net...

Dec. 31.

14,02=1

December.
1688.
1887.

»

&

Marietta Col.

Net Earnings Monthly to Latest Dates.— The tables following 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 figures cover
the latest month aod the totals from January 1, and also the
totals for the fiscal year on those companies whoee fiscal
year
.does not coi respond with the calendar year.
.

5

1889.

475

p. c).

Koaili.
Atlantic
Facitlc. ..Gross.

^

to

1888.

64,632
13,074

.

5,408
2,461

FreVlyreporfd (49road8) 4,818.425 4,199,829
Burl. C. R. 4 Northern ...
Cincinnati Jack. A Mack.
Oln. N. O. A Toxiis Pac...
Alabama Gt. Southern..

$
63,815
21,296

Gross.

Chic

^Jan. 1

ZLVin.

.

13,079
17,550

1888.

1889.

&

,

»

.

134,512
39,930
360,576
•38,387
59,003
Net...
Chicago Burl. & No. Gross. 183,400 141,998 2,026,319 2,276,199
479,967
445,960
15,112
81,142
Net ,
16,116
ChlcBurl. &Qulncy. Gross. 2,167,674 2,163,388 23,789,168 27,576,078
622,686 936,449 5,985,055 12,363,203
Net...
ii',000
Chlo. & North wost'rnGross. 1,910,627 2,191,563 25,832,975 27,140,725
"'ioe
780,674 872,667 8,680,454 11, l.'i0,459
Net...
16,642,523 17,507,106
June 1 to Dec. 31 ! Gross.
6,533,479 7,879,784
...
JNet
7 months
6,414,422 6,940,873
589,165
457,576
Gross.
Chlo.St.P.Mtnu. & O.
108,183 126,683 1,759,188 2,307,258
Net...
90,213 1,065,386 1,282,680
70,727
Denv. 80. Pk. & Pac.Gross.
90,472
df.16,110 df.104,556
df.23;860
Net. .
5,529
190,354 1,583,549 1,740,551
2,218 Memph. & Charl'sl'n. Gross.
1S9,481
442,673
320,938
77,318
323
118,421
Net...
983,408
807,226
5,990 July 1 to Dec. 31 ) Gross.
343,843
165,023
Net...
6 months
J
110,427 126,414 1,373,449 1,491,388
Gross.
Minn. & St. Louis
428,147
346,073
20,534
25,474
Net...
335,582 371,205 4,876,051 4,167,707
Gross.
Oregon Imp. Co
35,635
75,773 1,025,973 1,166,247
Net...
Oregon Short Line.. Gross. 245,250 171,811 2,671,865 2,018,068
726,988
122,647
68,237 1,249,918
6,516
Net...
90,824 110,240 1,193,126 1,085,187
Tol. & Ohio Central -Gross.
648
373,019
372,736
26,893
45,036
Net...
39
614,427
639,975
July 1 to Dec. 31, } Gross.
227,471
205,508
$Net...
amonths
yovember.
^Jan. 1 to Nov. 30.-,
1887.
1883.
1888.
1887.
Soad.
193,339 217,117 2,104,661 2,113,985
Loulsv. N. Alb. & C. Gross.
727,659
782,931
79,784 115,874
Net...
Jan. l/o Jan. 31.-January.
19,905

392

7.631
42,702
5.699
5.880
46,920
120,000
17,200
7,900
14,411
110,964
3,832
14,780
46,426
23,592
39,670
3,335
27,824
3,995
6,223
34,672
311,740
33.963
50,982
110,535
35,222
16,219
3,569
25,191
74,972
162,227
72,703
6,933

December.
1887.
1888.
Net...

Decrease,

7,555

43,578
37.092
13,068
203,000
39,068
39.428
10,912
364,450
22,394
51,568

13.460
192,000
39,328
39,022
11.378
396.500
22,470
54,503
8,886
8,740
37,173
3,481

[Vol.

Beads.

week of
*"outo758 roads which have reported for the firstthe whole
on
February, 17 (mostly coal roads) report losses, but
aggregate.
68 roads there is a gain of 6 39 per cent in the

—

—

:

,

The remarks

'

305,375 2,848,075 3,005,962
114,410
771,446
780,057

Pittsburg Railroad.

of

annual repoit just issued. Hn observes that
" Of the $478,000 income bonds outstanding at the close of
the last fiscal year, |456,000 have been retired by the issue of
$228,000 6 per cent coiiSolidated 1st mortgage bondj held by
brief in the

tbe trustee for this purpose.
" The car trust bonds have been reduced to $626,000 by the
payment of $134,000, the pi incipal of which fell due during
the year.
"To provide the funds to pay cfE the floating debt existing at
the close of the last year, the car trust bonds, new equipment
and coEstruction, $1,514,000 of the new general mortgage
The net result is an increase of
5 per cent bonds were issued.
$1,152,000 in the bonded debt of the company."
The operations and fiscal resultj for the past three years
were as follows
0I"EK.\T10N8

S
2,610.832

&

ending Sept. 30, 1888.^
Mr. Walaton H, Brown. President, are quite

the year

AND FISCAL RESULTS.
1835-6.

318,779
Passengers carried
7,498,146
Passengers carried one mile
1,326,084
Freight (tons) carried
Ftelght (tons) carried one mile. 149,719,543
.

1886-7.

286,746
6,363,436
1,951,540
241,368,204

1887-8.

423.733
9,696,964
1,705,447
-. .-.
213,168,465

—

:

FaBHUABY

THE CHRONICLE.

16, 1889.]

1885-86.

Bamingt—
PaaaoiiKxra
Freight
Hall uuil iiil^uoUaueoua

1886-97.

1887-88.

9190,3^2

$175,977

$227,941

l,080,:t33

1,005,578

Ij.WO.SSS
187,332

$l,'.iil!),3{i2

1 ,0O'2,050

$1,916,361
1,899.386

$200,706

$516,975

$2,001,150
_1,553,4S5
$447,071

6!)'4

71-4

75-5

,,.

134,806

Total .-urnlnm

Operating exiwnses and taxes
Npt oiunliittS
rcrcciit otopemtlngoxponaes
to ciunlngs (excl. taxes)

INCOME ACCOUNT.
nreeipta—

1885-6

Net earnings
Other liicomo

$2!)6,706

Dtducl

$408,234

$353,910
5,010
62,595
$422,415

$489, ."iOO

def.$17,878

8ur.!i!172,319

def..'fil0,994

$352,106
928

Interest on bonilH
Interest on floating debt

55,2 00

BentaU
Total disbursements

Balance

Consolidation Coal Company.
the year ending Deo. 31, 1888.y
Ths annual report of Mr. Charles F. Mayer has the following:
Gross receipts from mines, railroads, rents, &o. (including
value of stock of coal on band)
$2,709,231
Total expenses of every lilnd (exclusive of interest and sinking fund). inclurtin.i? 200 tone of beavy steel rails and all
extraordinary outlays
2,227,116

$482,118
$137,015
53,914
190,929

Leaving balance to tbe credit of profit and loas from the
business of the year 1888
$291,188
Balance to credit Deo. 31, 1887
39,241

$330,430

Total credits

From which deduct —
Dividend

(214

per cent) for tbe year 1833, payable

Jan. 31, 1889

Amount carried

to the credit of royalty fund
Balance paid in 1888 on tbe new coal shipping pier.

$230,625
51,703
7,512

289,840

Leaving a balance to tbe credit of profit and loss Deo. 31,
$10,539

1883, of

The royalty fund now amounts to 1258,117, ani |55,000 of
this amount will shortly be used in the piyment of the remaining outstanding bonds of the Union Mining Company.
There were mined and delivered from the Consolidation
Coal Company's mines
Tons.

Intheyearl887

936,799
1,023,349

In the year 1888
Increase

86,550

Mr. Mayer remarks " The steam coal trade of the Atlantic
seaboard has been generally in a healthr condition for the
year 1888, The exceptions, it is hoped, will be remedied for
the coming season. The extensions and improvements in the
mining department heretofore referred to have been successfully continued, and are accomplishing fully the economies
and enlarged facilities anticipated therefrom. Wherever
steam power can be substituted for horse or man power it is
being gradually done with excellent results. The revision of
the system of ventilation in the mines has been completed in
the past year by the erection of a rotary fan at Ocean Mine.
The company's mines are now furnished throughout with the
most approved system of ventilation. * * The mines of the company are now capable of a daily output of 4,50U tons; this has
the past year, under pressure, been carried up to 4,800 tons
per day. * * The railroads of the company have been improved
during the past year by a large amount of effective work,
including two hundred tons of heavy steel rail, the erection
of a commodious station bouse at Barton, a smaller structure
at Batrelville and a new water station and pipe line at Mount
Savage."
:

m

New

Central Coal Company (of Maryland.)
the year endinij Dec. 31, 1888.J
The annual report for 1888 shows Coal mined in 1988

CFor

:

169,35303 tons

;

coal

mined

in 1887, 181,905-16 tons

;

decrease,

12,552'08 tons.

$494 630
'.'.'.'.'.'.'.'.'.'.

loss

December

.

loii

470,1.'}5

$29
31,

1887

'.'.'.

Total

Xmoxmt charged auaintl profll and
Dividend paid April 10, 1888
Depreciation in property at mines, &o

b',ni

$499,852

Ballroad freights, mining, otBce and shipping expenses.

Net earnings for the year
Balance to credit of profit and

during 1888—
"... $50,000

6'l7
24li3.")3

$271,050

4,633

54,033

Balance to credit of profit and loss December 31, 1888.

. .

$216,417

GENERAL INVESTMENT NEWS.
Allegheny Yalley.— The annual report of this railroad com(in receivers' hands) shows for 1888
Total receipts,
v2,031,030, of which $,545,943 was earnings in the passenger
department, |1,4-13,373 in the freight department and |81,«15
from other sources. The total expense of operatine was
jny

fl,194.258.|

Western Union Telkoraph—Seven

per

cent bonds of

Forty of these have been drawn, but
1875, due May 1, 1900.
their surrender being optional, it is unnecessary to publish

numbers.
Charleston
Cincinnati St Chicago.— Kieman's news
agency reports that a contract has bsen let and signed for the

^d

construction of 250 miles of the Charleston Cincinnati
Chicago Railway, running from Charleston, S. C, via Ratnerfordton, N. C, to the Ohio River at Ashland, Ky. The company has already under operation 400 miles of road, 200 miles
of which are of its own construction. The portion to be built
under the contract referred to is from Rutherford ton, N. C,
to the new town of Minneapolis, in southwestern Virginia, at
the crossing of the Clinch River, where the line will make a
junction with the Norfolk & Western Railroad, and probably
with a proposed eastern extension of the Louisville
Nashville, which is to come through Big Stone Gap.
The projectors of the scheme claim that this line will make a direct route
of 800 miles from Charleston, S. C, to Chicago, or 100 miles
shorter than any other line from Lake Michigan to the Atlantic coast; that it opens up the richest mineral, timber and coal
country on the continent, not excepting Pennsylvania. The
coal includes anthracite, bituminous and coking. A. B. Harris, of Boston; Frank Coxe, of Philadelphia; Wharton Barker, of Philadelphia; R. A. Johnson, of Boston; General
Thos, L. Rosser, and other well-known men are interested in
the road. The contractors are McDonald & Shea, the wellknown railroad builders, of Knoxville, Tenn., and they are
required to complete the contract awarded to them within ten

&

months.

—

Chicago & Canada Southern. Notice is eiven by the
Master in Chancery that out of the proceeds of the foreclosure
sale $196 30 will be paid on each 1st mortgage bond, with all
coupons attached, including coupon due Oct. 1, 1873.
Cincinnati Indianapolis St. Louis

& Chicago— Cleveland

Colnmbns Cincinnati & Indianapolis.

—

These two properties
are to be consolidated, but the negotiations are not yet completed and no definite announcement of terms has been made.
Mr. M. E. Ingalls said the reason for the consolidation was a
decision of the Ohio Supreme Court rendering stockholders
taxable upon their holdings, even though the railroad company had paid taxes upon its property within the State.
Cincinnati

New

Orleans

& Texas Pacillc—The

report of

leesees of the Cincinnati Southern, shows for
1888 : Gross earnings, $3,624,490; operating expenses, $3,419536; net earnings, $1,204,953. The gross earnings show an increase of $346,938, or 7'31 per cent; the operating expenses,
an increase of $384,963, or 18'93 per cent; the net earnings, a
decrease of $133,035, or 10'33 per cent.
three per cent
dividend for the year is declared.

this

company,

A

—

Cumberland Valley. The forthcoming report of the Cumberland Valley Railroad and branches for the year ending December 31, 1888, will show gross earnings during the year to
have been $830,477; operating expenses, $609,239; net earnings,
$211,337. In comparison with the year 1887 there is a docrease of $30,079 in the operating expenses and an increase of
$6,152 in the net earnings. The surplus, after payments of
$199,975 for dividends, interest, real estate purchases, etc., is
$11,262.

Flint & Fere Marquette.—The Flint & Pere Marquette
stockholders have rati tied the consolidation of their road with
Mount Pleasant
the East Saginaw & St. Clair, the Saginaw
and the Saginaw & St. Clair County railways.
Fort Worth & Rio (Jrande. A contract has been let for
the extension of this road from its present terminus at Granbury to Dublin, Texas, a distance of 55 miles. The road is
completed and in operation from Fort Worth to Granbury, 40

&

INCOME ACCOUNT EOR 1888.
Credit of coal account in 1888
Coal on band December 31, 1888

Called Bonds.— The following bonds have been called for

payment:

114, 125, 130, 131, 133, 137, 140, 150, 181, 198, 210, 314, 330, 884,
235.

fFor

Ket receipts
Interest on funded debt
Sinking fund for yearl888

Baltimore & Ohio.— The work of buildinj the trestle for
the Jersey approach of the Baltimore & Ohio bridge has begun
at Elizibethport and Roselle, N. J., the latter point being
where the Baltimore & Ohio joins the Jersey Central. The
trestle will bo about three miles long, and will run the greater
part of the distance across the Salt Meadows.

Milwaukee Lake Shore & Western— First mortgage 6
per cent bonds on Ontonagon Branch, dated 1886, due April 1,
1896, to be paid at the office of Messrs. 8. S. Sands & Co., 62
Cedar Street, New York City, on April 1, 1889, 25 bonds of
$1,000 each, viz.: Nos. 13, 32, 44, 63. 73, 78, 90, 98, 100, 101,

1886-7
$516,975
77.759_
$594;7J4

9 3.650
$390,356

Total receipts

221

:

—

miles.

Long Island— Brooklyn & Montauk.—The proposed

in-

crease of the capital stock of the Long Island Railroad, on
which the stockholders of that company are to vote on February 23, will make the total $13,000,000. The $3,000,000 increase is for the purpose of retiring an equal amount of stock
Montauk Road, which is now leased to the
of the Brooklyn
Long Island at 35 per cent of the net earnings of the entire
system of the Long Island Railroad. The stock, when exchanged, will go into tbe Long Island Company's treasury,
and the road will become a part of the Long island property.

&

—

LonisTlUe Evansville & St. Louis. In regard to the acthis road by the Mackey syndicate, and the

quisition of

proposed consolidation of the Louisville Evansville & St
Louis Railroad and branches, Illinois & St. Louis Railroad
coal Company and branches and Belleville Centralia & East-

&

t

——

—

IHE CHRONICLE.

'9 '2

.

[Vol. XLVIII.

'ay: " The pro- the new issue, it is reported, will be about $4,000,000. This
Railroad, Kiernan's reported on Thurs
building a line between money will be required for the construction of the Jersey City
contemplates
consol.dation
posed
on the Ime Elevated Road, improvements of the roadbed ot the New^UeyUle III., through Centralia, 111., to a point
at or near Mount Yoik division, the enlargement of the Broad Street station,
St.
EfansviUe
hlLiuisville
ST
secured an option straighteriog the track on the main line, and the purchase of
Vernon. Messrs. Heilroan & Mackey have following terms
additional passenger equipment.
the
upoa
Railroad
Louis
St.
Illinois
the
on
tr. asury preferred stock at 80
r
the
of
shares
1,400
sell
They
Philadelphia Newtown & New York.- President Corbin of
discharge floating debt of
cash the procf eds of which are to
Reading has brought three suit< against
the Poiladelpbia
propose
they
company ft^e residue of these shares $76(^000,
New York Riilrcad. One is to
the Philadelphia Newtown
of
bonds
in
pay
their
take
to sell at 25 per cent premium, and
recover $242,667 for supplies and material furnis<hed; another
goW
cent
per
year
505
ihe consolidated company, to be a
company f617,000, for $112,200, for coupons of bond', and the third is for $158,bond, at p^r the common stock of the
The suits are the result of the
stock of 252, for guarantee of coupons.
consolidated
wita
to be exchanged share for share
unsuccessful efforts of the Reading management to induce the
Newtown Railroad bondhoHers to scale their interest under a
St. Louis Railroad Company
"TheTouir^'lle EvansvUle
reorganization plan. Th» Reading owns a majority ot the
property
their
in
interest
controlling
gave an option to sell a
stock of the Newtown Railroad and a large block of the
preferred stock, and 60 for
at 12 for common stock, 25 for
bonds.
completed
been
has
purchase
the
and
bond?,
their 2d mortgage
ndicatp.
sj
Philadelphia & Atlantic City.— The Company proposes to
Meckey
the
on these terms by
issue $600,000 ot preferred stock and to consolidata the road
wi
company
1 soon
This
Westei-p.—
&
Ontario
yew Tork
>uat Ephriiin rnd the
Camden Gloucester
extension from Han- with the
issue B«=ciiritits for constructing the new
Delaware River roads. The roads are operFa., Williamstown
Scranton,
to
southwejt
line,
main
the
on
Y.,
cock N.
Reading, and the cons iliiation is
ated by tbe Philadelphia
about 51 miles. It is expected that the cost of the line will be merely formal. Ic is siid tha'. the Reading will spend a conto give
exp-cted
is
extenfion
new
the
and
$2,500,000,
about
siderable amount on this part of its system.
the company a heavy coal tr^fflo from Pennsylvania into New
Pullman Palace Car. The Board of Directors ot the
EngUnd via the Poughkeepsie Bridge connections.
Pullman Palace Cir Company have voted to issue $5,000,000
New York Stock Fxchange.— New Securities Listed.—
sold to stockholders at par. The books
The governors of the Stock Exchange have admitted to deal- ot new stock to be
of the company, now closed for the regular dividend, open
ings at the board the following securities :
They will remain open until the
on the 16th inst.
Cleveund & Canton Railroad—$740,000 first mortgage 5 per Again
3l8t, when they will close again, and when the new is ue is
cent bonds, making total $2,000,000.
equipment
cent
per
5
NoKKOi.K & WESTKKN Raii.koad-$500,000
app oved by ttookholders' vote on Mwch 4th it will be stated
bonds, makinK total $1 ,600.0 O.
- at what date they will have the right to subscribe for the new
„„., .
GDi.V Coi.oinDO & Santa Fk RAiI.WAY-$ij80,000 first mortgajte 7
rer cent bonds, making total $12,690.0 10, Hnd $j70,000 second mort- stock at par.
gage G per cent bimds. making total $9,0G-l,.00O.
Railroads in New Tork State.—The reports below for the
Buffalo Rochester & Pittsblrg Railway — $586,000 general quarter ending DcC. 31 have been filed with the Railroad
mortgage 5 per cent gold bonds, making totnl $1,586,000.
Chicago & Indiana COAL Eailwav—$713,COO first mortgage 5 per Commissioners:
^y. T. Lake Erie d Wesl'n.-^
cents, making total «4,4O2.O0O.
1887.
188S.
Chicago & Eastkrn Illinois Railroad—$803,000 general consoli$7,173,054
$6,964,417
dated 5 per cent b nds, making total $3,321,000.
Gross earnings
4,364,890
4,557,372
Albanv & SuSQiEiiANNA RAILRi)AD-t2 J ,000 first Consolidated 6 Operating expens.s
per cent bonds, making t lal $iO,'i00.eO0. of wliicli $3,000,000 are 7
2,599,.'>27
$2,615,682
nor cents, and $7,000,000 arc 6 per cent bonds.
Net earnings
650,655
608,821
CiiESAi'EAKK AOilio Railway— First preferred stock $12,000,000; Less percentage to leased lines
seco :d profcrred stock $12,Oj0,0UO, and common stock $39,9i)0,00U, as
$1,965,027
$1,990,703
repres' uted bv voting tru.'ttees' certificates in lieu of the old stock.",
Balauce
265,352
371,937
wliun on March 1 wi 1 be stricken from the li»t. Also tlin first consoli- Additional income
dated nior gage 5 per cent gold bonds due May 1, 1939, $18, 116,00 J, in
$2,230,379
$2,362,640
lieu of the reorganization certiiicates leprcsenting the old bond.'.
Total
CHICAGO PEORIA & ST. Louis RAiLWAY-Flr^t mortgage foity-jcar
Deduel
$1,273,054
$1,291 ,.392
5 per cent gold bonds $1 ,500,000.
Interest
117,077
liircniiELD Carrollton & Western Eailioad—First mortgage 6 Taxes
107,713
455,693
per cent gold bonds, due January 1, 1916, $400,000.
494,945
Rentals, &o
Prescott & Arizona central Railroad— First mortgage 6 per
$1,845,824
$1,894,050
cent gold si' king fund lionds, due January 2, 1916, $775,000. and
Total
second mortgage 6 per cent income, rayal)le if eamtd, bonds due Janu$381,555
$463,590
Balance, surplus
ary 2, 1916. $75,OiiO.
West. K. I'. ^ Penn.
Bnslon it Albany.
SrNDAY Cheek Coal— Capital ttrckf $2,250,000 common and $1,-

em

LmU

&

&

:

&

&

;

&

& M

&

&

—

..

1

—

,

.

:

otXI.OOO preferred.

Chicago Rock Island i Pacieic Railway — $2,850,000 of first
exiension and collateral 5 percent bonds, making total listed

mor gage

1888.
$2,319,365
Gross earnings
OperaUng expenses 1,588,642

1888.

1887.
$2,404,327
1,556,315

$347,184
629,012

$3O.2i0,O0O.

$730,743

Net eamijigs...

Northern Pacific— Minnesota & Dakota Land Company.
Deduct—
Stockholdirs of the Northern Pacific Raiboud Company Interest
Taxes
of
the
Minnesota
&
Dakota
Land
have received a profprctus
& Invettment Comi.any, of which Metsrs. Brajton, Ivts & Rentals, &c
fiscal
are
the
agents.
Total
Broad
Street,
The
Northern
No.
4
Co,,
Balance
PaciEc stockholders will be permitted at anytime before

—

to subfcriba to the debenture bonds of the Land Company at 05 and interest, and an equal amount of stock will be
given to thorn. O.ber subscribcis will not be en'itled to the
same bonus in stock unUss thi y take at least $10,000 of the

April

1

*

$165,725
47S,3i)2

19,50J

20,000
24,251

Does not Include 2d mort. interest, which
Albany it Su». ttc.

—

.

The Lsnd Company was organized
lans ot Mi ncsota, with an authorized

Net earnings
Other income

the following results:

Jict eamliigA.
Interest aiid sinking fund

$1,097,730

$350,000
67,253

JDlrldcud on preferred stock
'

417,253
Balance, equal to 9'4 per ce^t on

common

stock

.$682,477

Penusjlraiiia Railroad.— It is stated that the stockholders
are to have the privilege of subscribirg for Dew stock at par
whtn the next dividend is declared in May. The company
wants Koniy for various purposes, and it is to be raistd by
this mean'. Thecapital sto. k outstanding is 1106,544,500, and

sur.

Income...
Dediicl—
Totfkl

Taxes
Rentals, &c.'

1887.

$575,797
327,385

$626,131

425,264

$838,W84
433,244

$103,409

$105,740

$248,412

$278,000

6,6S1

9,545

$463,409

$405,740

$255,093

$267,551

$14,000
243,101

$16,650
241,595

$24 50O

.$25,200

242,471

239,331

$258,245
eur.$206,305 b'r. $147,493
$257,104

Total

Balance

Includes interest on bonds.
.

Gross earnings
Operating expenses.

Net earnings.
Olher income....
Total

$60,484

paid In scrip.
^Setu'l'r <t Saratoga.^
^
"^
1888.
1887.

Is

.

1888.
$88,S,673

.V. I'. <l

Canada.

34i*,128

$266,971
$264,531
def. $11,878 sur.$23,020

—

—Opd. d Lake Champ.—,

-^

Supirior, Neb., to Dodge City, Kan., and Trinidad, Col., is the
1887
1888
only railriad in the State running throughout in a north and Gross earnings
$237,029
$217,535
104,297
123,267
aouth ditection. It is a shoit line, b^ing as near a direct route Operating expenses
as poeeitJe, and it cr> sses len ei st and west lines. The road
$113,762
$113,233
Net earnings.
O^ieoe up a productive country, and gives new business faciliDtduct—
Inchided in rental.
ties to an active and thrifty population.
The entire work has Interest
$7,500
$7,900
Taxes
been let curth of Dodge City and SO miles are now in opera59,206
58,964
Rentals, &c
tion Ecuth of that point. This road parallels no other line, and
consequently has no rivals for the north and south business.
$66,706
$66,864
Total
sar.$46,532 sur.$46,8ii8
Balauce
Oregon IniproTement Company.— For the twelvemonths
ended NoT«mber 30, 1888, the company's preliminary state-

ment shows

$1.57,688

$715,057
$063,617
$67,126sur.$132,955

bonds.

Omaha Dotige fity & Sent hern R. R.—This line, which
is now under construction across the State of Kansas, from

$218,172
*$1 13,437

sur.

Gross earnings
Operating expenses

in 1866, under the
capital of |4,U00,00O.
It has a contract with the Northern Pacific Railroad for the
purchsse of 1,650,000 acres of land east of the Missouri River.
The tOLtract piice i» $2 an acre, pajable in Northern Pacitlc
prefeired stock at par. Something more than 56,000 acres
have bten selected and paid for.
The terms and all the
arrangements aie given in the pamphlet,

$848,012
$165,725
529,832
19.500

1888.

1887.

$182,004
112,488

$197,067
128,086

$70,116

$68,401

$58,273
8,500

$54,770
7,500

$62,279
$66,773
$3,343 «ur. $6,122
Urooklyn Mlenated.

sur.
.

1888.
.$248,460

—

1887.

153,911

$175,919
107,804

$94,549
3,136

$68,115
607

$97,685

$68,722

$68,097

$61,852

1,786

1,636

34,608

51

$104,491
$6,806

fUJ. $6,188

Veduet—
Interest

,

Taxes
Rentals, &c.

Total

Balance

def.

$83,510
f

FiBnoART

THE CHRONICLE.

16, 1869.]

and Hocnmeuts.
THE PRESCOTT & ARIZONA CENTRAL
l^ci^ovts

RAIL WAY CO.

APPLICATION TO TUK NKW YORK STOCK KXCriANflF.
New York, December 17, lf<8=».
hereby raado to liave tlie |775,0(»0 First Mort& Arizona Central Railway company placed on the Stock List of the New York Stock Exchange, and, in compliance with the rules made by your
committee, the following statement is submitted :
The title of the company is the Prescott & Arizona Central
Railway Company. The company was organized in June,
1885, under the general laws of he Territory of Arizona. The
line of railway extends ffom Prescott Junction, or Seligman,
Arizona, on the Atlantic & Pacific Railroad, to Prescott, the
Application

gage

is

}ton<i» of the Prescolt

i

capital of Arizon«, a distance of 731.^ miles. The eitire 731^
miles of road and 2}^ miles of side track are completed and
in operation. The gauge is 4 feet b}4 inches, and the rails are
The equipment consists of two locomotives, two passsteel.
enger cojches. twenty five gondolas, five box cars, seven
other cars. Total, 39.
FINANCIAT STATEMES'r DKCEMBRR 31, 1887.
Xio6i7t7i>».

Aii»tt$.

Costrond

&

00
00
91
IG
43

fquip.. $2,725,000

Cost of real pstiiie..
Current aciouutc..

22.500
8,099

Cneh on

27,fi22

Imiiil

11,427

Materials

Capital stncV...... $1,200,000 00
Ftist mort. bonds
775,001) 00

Second M. Inc. bonds
Cur tiut^ts
Current accounts...
Accuniul. inlorest
Profit

Total..

.$2,791,549 50

.

Operations from January

1

and

.

775,000 00
7, 3(>

4,2i»3

23,-250

44
78
00

9,409 28

loss

$2,791,519 50

Total

and up to Oct.

were as

30, 1B88,

follows:
Gross earninira
OiJerating ezueuses

223

semi-annually in the City of New York on the first days of
Murch and September. The issue of bonds is $1,500,000, in
bonds of f 1,000 each, numbered 1 to 1,500, inclusive. These
bunds are secured bv a deed of trust to the Mercantile Tratt
Company of New York, as trustee, coverinij; the entire road
and equiptnoiit. The payment of the principal and interest
of the bonds is guaranteed by the Jacksonville Southeastern
Rfiilway Company. There is no o!her incumbrance upon the
property. The principal of the l>onds can be registered with
the Central Trust Company of New York.
The company owns the followinif equipment 16 locomotives, 7 coaches, 3 combination cars, 1 baggage and mail, 5
calwoses, 84 box cars, 45 coal cars. We have purchased 100
additional coal cars, 60,000 lbs. capacity, which will be delivered to us this month.
Statement of the financial condition of the company U hereto attached.
BALANCE SHEET CHICAGO FGOBIA & ST. LOCU RAILWAT COMPAWV.
:

An.ielB.

Liahltlirf.

t

Rond & equipment :ti2,833,632 34 Capital stock
*1 ,.100,000
First nidr'. londs.. 1,500,000
Due fro comp'B and
77»,4.58
fiecmitles on hand. 1,004,625 02 Unfunded debt
MuterlalBi supplies.
3,734 20 Profit and loss
113,388
Cash on baud
49,953 IS
II

$3,891,846 71

Total

This company reports the carniDRs for the year ending Feb. 1,
1888, as follows:
Gross eamlDgs
$297,543 SO

32,869

Ncteamlncs

$69,011
38,750

Interest paid and accumulated

BurpluP, 10 months

$30,261

made

for the eleven

months from

Feb. 1 to Dec. 31, 1888,
lows:

as

fol-

$297,696 71
GrosseaminKS
l'-0,879 46
119,163 34 Net eainlngH
Net eamniKS
08,750 OO
same
period.
charges,
were
luteresl
Interest
52,146 46
all ihe bonds Issued
75,000 00 Surplus
44,103 34
Suri)lus over aU

The net earnings for seven months more than provide for
the yearly interest on all the bonds, leaving five months'
earnit/gs, some of them the best of the year, to go to surplus.
Edward L.
William S. Hook, President
Officers are
McDonald, Secretary Marcus Hook, Treasurer.
jj Offices of the company are located at Jacksonville, III.
respectfully request that the above-named First Mortgage Bonds, numbered 1 to 1,500, both inclusive, of $1,000
each, be placed upon the regular list of your Exchange.
William S. Hook, President:

ipl01,680

$3,891,846 71

Total

And

00
00
37
31

;

;

We

have the $775,000 Second Mon,"
gage Income" Bonds of the Prescott & Arizona Central Railway Company placed on the Stock List of the New York Stock
Rome & Decatnr. A majority of the bondholders of the
Exchange, in compliance with the rules made by your Com- Rome & Decatur Railroad Company have chosen the following
mittee.
Eu?ene K-lly, Chairman;
Committee of Reorgan zation
The Officers of the Company are as follows:
Camille Weidenfeld, John Byrne, John S. Silver and S:ephen
Prisident and General Manager.
T.S.Bullock.
F. Austin.
A majority of the bondholders who exf cuted the
Vice President
J. J. Fisher.
first agreement, made in December, 1887, providmg for the
Treasurer
W. E. Hazeltine.
appoitetment of a committee to consist of Richard L. EdSecretary
W. N. Kelley.
wards, Eugene Kelly, James Swan and Joseph W. Ogden, have
Application

is

also

to

—

:

&

Directors: H. C.

Nutt, President of the Atlantic
Pacific
O. Manchester, President of th"
^California Southern Railroad and Executive Secretary of the
'Atchison Topeka & Santa Fe Railroad; J. J. Fisher,"Capitalist, St. Louis; T. J. Butler, President of the Bank o' Prescolt;
W. N. Kellxy, ex- Mayor of Prescott; L. Bashford.
rchant,
Prescott; W. C. Hazeltine of Atlantic
Pacific Railway; T.
S. Bullock. New York; and W. E. Hazeltine, Cashier Bank of
Arizona, Prescott.
The General Office of the company is at Prescott, Arizona.
The Transfer Office is at 40 and 43 Wall Street, New York

Company George

Railroad

;

M

&

City.

Description of Bonds.— First Mortgage Six per Cent
Thirty-year Gold Bonds. Entire issue, $775,o00 date of issue,
November 21, 1885; due, January 2, 1916. Central Tiust
Company of New York, Trustee. Interest payable Janua'y
1 and July 1 each year, at office of the company, 40 and 43
Wall Street, New York. The bonds are all of the denomi a;

of $1,000 each, and numbered from 1 to 775 inclusive.
provision for registry.
Second Mortgage Six per Cent Income Bonds. Entire issue,
$775,000 date of issue. January 2, 1886, due January 2, 1916.
L. M. Slocum, of New York, Trustee. Interest payaile, when
earned, at office of comiany, 40 and 42 Wall Street, New
York, on Jauuary 1 and July 1 each year. The bonds are of
the denomination of $1,000 each, and numbeied from 1 to 775

t ion

No

;

inclusive.
T. S.

CHICAGO PEORIA
APPLICATION TO THE

<fe

Bullock, President.

ST LOUIS RAILWAY.
.

NEW YORK STOCK EXCHANGE.

Jacksonville,

January 21, 1889.
Louis Railway Company was
III..

united in a request to the National Bank of Commerce for the
return of the tecuriti^s deposited by ttiem under the provisions of the last- mentioned agreement.
West Pennsjlranla & Shenango Connecting.—This property hiving been purchased by the committee representing
the bondholders, a reorgan zation of the company has been
Shenango
effected under the name of the Pittsburg Butler
Railroad. Samuel B, Dick was elected President.
Messrs. I. B. Newcoml)e
Co. offer to investors as a desiraMe and safe investmi-n', at par and accrued interest, $1,150,000
first mortgage 5 per cent gold bonds of the Florida Cen'ral
Peninsula Riilroad Company, due 1918, being the unsold portion of $3,000,000. The company was organized for the purpose of acquiring the propsrty of the Florida Railway & Navigation Company, sold under foreclosure in 1888. By the sale
574 miles of standard gaute road, with equipment, terminals,
&o., were transferred to tne new company. These bonds are
» first and only lien issued at the low rate of $5,226 per mile.
The earnings for the fiscal vears ending Oct. 81, * ere in 1888 7
gross $1,082,114. net $174,313; 1887-8 $1,019,919; net $173,920;
Novi mber and December 1888 and January 1889 grots $388,811;
net $94,816. Se advertisement.
The attention of readers of the Chronicle is called to the
card (if the Iilmois Trust & Sivings Bank of Chicago, which
will be found t' -day on the first page.
The capital and surplus of this institution is $1.12>,0U0, and it hss among its
directors such names as tho'e of Metsrs. George Sturgf s, L. Z.
L'-iter, John Crerar and others, well known amonx the first
business men of Chicago. The business of this bank embraces
all the ordinary functions of one of our New York trust
companies.
Among the reports to the Banking Department for the year
1888, that of the Union Truss Company shows fo'al resources
of $30,634,929, with a surplus of $3,311,153. Three millions
of this surplus consists of U. S. Itgal tender notes, and is,
theieiore, available »t a moment's notice. The company has
reached its pres nt position under the able man!g.*ment of
Mr. E<lward King, the President, and it now stands among
the leading financial institutions of the city.
Messrs. Vermilye & Co. were awarded $60O;000 City of
Brooklyn 3 per cent water loan bandj, due in 1909, and
$1,000,000 3 per cent local improvement loan bonds, due 1904
to 1913, at 105 and interest, and 106*89 and interest, respec-

&

—

&

&

.

—

—

The Chicago Peoria & St.
organized under the laws of the State of Illinois, Fr-bruary 7,
1887, and assumed the opnration of the roads formerly known
aa the Peoria Pekin & Jacksonville ani the Springfield &
Northwestern roads, as of date February 1, 1887. Subsequently it purchased s.aid mads of the Wabash Purcha-^ing
Committee. The road is of staiidard gauge, and extends from
Pekin to Jacksonville, with a branch from Havana to Springfield, a total distance of 120 miles.
About half of the road is
laid with steel and the remamder with iron rails.
Renewals
will be mnde with steel rails of 56 lb. weight.
We are now tively.
putting in track 1,000 tons new steel rails, and shall continue
Messrs. Maitland, Phelps <Sl:Co. offorthe unsold remainder
such renewal as rapidly as it may be to our m'erest to do so.
of the is.eue of the St. Louis & San Francisco collateral trust
The conap-nny has issued its First Mortgage Forty-year Five fives. Details are given in the advertisement In
another
per Cent Gold Bonds, dated March 1, 188«, coupons pajable
column.

—
—

:

:

THE CHuONlCLIL

224

Fbiday Night. Feb.

15, 18t-9.

when

at

a de-

Western there was a fair
demand, followed to-day by a recovery toVlOc, with prime
city quoted at 6'65@6-70c., and refined for the Continent at
Lard for future delivery opened firmer, but quickly
7"40c.
for prime

7@7-023>^c.

to

Friday, P. M., Feb. 15, 1889.
as indicated by our telegrams
from the South to-night, is given below. For the week ending
receipts
have reached 135,670 bales,
this evening the total
against 126,347 bales l^st week, and 155,354 bales the previous
week; making the total receipts since the 1st of Sept., 1888,
•

is

Beesion of Congress.
Lard on the spot was dull until yesterday,

declined under free offerings, but closed tc-day at a recovery
of about 7@10 points, but still 17@20 points below last Fridayi

SB follows

4,736,384 b^les, against 4,766,873 bales for the same period of
1887-8, showing a decrease since Sept. 1, 1888, of 80,489 bales.

SeeHptt at—

o, 7-27
Feb.deUvery
March aellverv....o.7-2G
o. 7-28
May delivery
0.7-29
JunedeUvery
0.7-30
July delivery
o 7-30
Sept. deUvery

7-12
7-12

714
716
7-17
7-18

7-10
7-08
7-10
7-12
7-13
7-15

Frida^i.

7-00
6-99
7-00
7-01

700
702

7&7
707
708
709

7-(.2
7-04,

7-02
7-05

7-11
7-12

7-00
7-01

more

Savannali
Bruo8w'k,&o.
Cbarleston
Port Boy al, Ac
WUmingtOD....
Wash'gton, &c
Norlolk

Miy

...15"85c.

I

I

June

15950.

July

November
I6IO0. December
16-OOo.

August
September

16-200.

October.
I
I

I

16-25c.
I6-250.
16-25o.

Raw

sugars have been firm, but only moderately active

fair refining Cuba is quoted at 4 13-16c, and centrifugal, 98
deg. test, at 5 916c.; with sales of cargoes of the latter to'arrive at 3 3 16c., c. and f. On Wednesday 40,000 mats Manila sold at 4 8- 16c.
Molasses is rath( r more firmly held and
Cuba 50 deg. test is quoted at 20}^@21c. The tea sale on
Wednesday went off at steady prices.
Kentucky tobacco has sold this week to the extent of 250
hhd?., of which ICO hhds. leaf for Italy, all at private prices
Seed leaf continues dull, and sales for the week are only 7f-7
cases, as follows: 187 cases lt87 crop, State Havana, 13U®
15c.; 100 cases 1887 crop. Pennsylvania Havana, 15@25c •

io6
cases 1887 crop, Pennsylvania seed leaf, 9>^@lli^c.; 150
cases
1887 crop, Wisconsin Havaca, llQllJ^c; 50 cases 1887 crop

New

England Havara, 14@85c., and 100 cases sundries 5®
^"'®* Havana, 65® fl 95, and 200 bales Sumatra,
^^'i'i;?nP*^

^1 20® $3 05.
On the Metal Exchange business has been dull, and nothine
was done to-^ay. Straits in quoted at 21 -200. on the spot acd
21 -250. for May, a decided decline from
last Fiidav.
Ineot
Ofpperis quoted at 16-eOc. for Liike and 15Kc. for G
Dtmestic lead is lower at 8-65c.
From the interior iron
markets a much better irquiryis reported, with
some inert Me in the volume of business, at steady
prices on the
o basis
"aoio
of the recent reduction.
Spirits turpentine has been fairly active
and closes firmer
at 47Kc. Businef s
rosins was brisk for medium grades,
but
the close IS quiet; good strained quoted at
%\ 10; a recent
sale cf <• M" Is reported at |1 90. Rj^flned
petroleum for
port has advanced. to 7 20c. Hops are in
good den^and at
t

MB

m

«

t\^jlrJL

""

l^^*'^'"^

prices

somfwbatdepreseed

7,369 10,941
65 2,331

9,333

8,654

4,074

1,843
2,736

1,345

230

610

518
105
3.214
3,947

2,475

4,796'

2,144

4,532

2,221

1,550

1,430

799

2,081

667

53)

434'

511

236

536
2,57^'

1,9S5

1,377
3,093
6,729

Sew York

166

Boston
Baltimore

1,879

638
466

640
351

703
756

692
259

582
37

383

97

120

23

42

3,489
185

West Point...
N'wp'tN., Ac.

Ptilladelplila,<Sco

Total.

13,031
1,843
43,107
5,099

105
19,382
3,947
6,527

164
168
47

1,033
1,320

164
2,416

47
9,676
12,089
6,729
3,421
3,748
3,489

850

week 21,007 25,959 22,430v 21.659 15,538 29,077 135,670

For comparison we give the following table showing the week's
the total since September 1, 1888, and the stock
to-night, compared with last year.
total receipts,

1888-89.
Reeelplt to

ThU

Feb. 15.

Week.

Baltimore

...

PUl'del'a,

&o

Thii
Week.

13,031 587,133
1,843
15,544
43,107 1,468,653
188,223
5,099
20,626
105
19,382 747,378
107,864
3,947
6,527 344,56-2
164
13,462
2,416 144,167
47
4,302
9,676 437,003
12,089 340,400
6,729
96,763
3,421
67,703
61,746
3,748
3,459
56,124
850
34,701

Comparison for six -seasons
1889.

Receipts at-

6,574

35,327
2,149

Slock.

Since Sep.
1, 1887.

1

361

476
1,491

24
4,910
7,591
1,078
6,043
1,997
2,154

506

1888.

613,238

35,159

29,693

,482,895

355,727
37,514

342,137
38,866

83,279

70,455

24,697

33,843

5,833

485
10,347

41,888

36,397

23,957
232,182
13,000
22,956
15,392

6,055
271,653
18,500

193,641
22,658
799,832
65,714
372,345
12,945
165,132
4,636
417,537
355,026
90,904
60,084
61,921
26,318
22,047

5,571
1.606
6,279

1889.

17,628

25,622

1886.

6,716
33,537
2,909
7,902
4,050

10,092
6,308
14,139

11,899
4?.762
5,109
12,049
6,202
1,387
9,808
5,718
7,590

4,073
22,741
3,151
5,065
6,107

15,561)

6,574
35,327
2,149
5.571
6,755
1,515
4,910
8,669
12,667

6,021
1,560
4,925

4,602
18,738
1,977
7,266
4,993
1,066
7,512
4,027
14,832

135,670

84,137

86,582

102,524

54,324

65,013

1888.

14,874
43,107
5,099
19,382
6,691
2,463
9,676
18,818

Mobile
...

cniarle8t'n,&o

4c

Norfolk

Wt Point, Ac
All others

rot. this week

as follows.

is

1887.

Galveston....
New Orleans.

Wllm'gt'n,

1887-88.

1

Since Sep.
1, 1888.

135,670 4,736,384

Totals

Savannah

—an advance of 15 points for the week.

843

1,616
1,857

.

15-85o.
15-900.
15-850.

1,874

1,542
1,431

;

February.
Haroli
Aprtl

Fri.

2,091

1,500
2,403

. .

Ce ffee on the spot has been dull and barely steady. To-day,
however, there waa a stronger tone, with Rio quoted at 17^c.
for fair cargo, tut business is almost at a standstill. Tne
speculation in Rio options has also been sluggish, with slight
and irregular fluctuatiors in value?, tut today there was
more firmness on a stronger report from Havre, acd the close
was firm, with sellers as follows

Thurs.

3,684

Florida

activity,

factory.

Wed.

Tues.

1,853

2,686

.

and the close is
Pork
Halveston
steady at |13@12 35 for extra prime, fl3 25@13 75 for old
ElPaso,4o..
and new mess and |14@16 for clear back. Cut meats have New Orleans.
been active, but at prices covering a wide range as to Mobile
weights; sales include 14 lbs. average at 63^c., and 10 lb?. Florida
Savannah ...
average at 8c. Quoted: Pickled bellies, 6@9c.; shoulders,
Bruns.iiko..
6(g6i^c., and hams, 9J|;@10c.; smoked shoulders, ^@'J'^ic., Charleston ..
P.Eoyal, &o
and hams, UQllJ^c. Beef is neatly nominal at |7@7 25
for extra mess and $9 50@10' for packet per bbl.
India Wilmington
Wa8h't'n,<feo
meea lower at |17@19 per tierce. Beef bams are dull at
Norfolk
|12 75@13 per bbl. Tallow has been valuable, olcsiog active
West Point.
at 5.5-16C. Stearine quoted at 73^o, ard oleomargsrine 7c.
NwptN.,&o
Butter is firmer but dull at 21@31c. for creamery and 13® 20c. NewYork....
for Western factory. Cheese is dull at 10® 12%c. for State
Boston
declined, leading to

Man.

Sat.

&alvest»n
El Paso, &o ..
New Orleans .
Mobile

Totals this

DAILY CLOSUta PRICES OF LARD FCTUBBS.
Saturd'v- Mond'y Titeid'y. Wednsd'y. Thursd'y.

XLVm.

The Movement op the Crop,

very good for the seasoD, but there is much
profits, and
complaint on account of the narrow margins for
is not a cheerful one. - The
circles
merctantile
of
tone
the
of affairs
trouble BeemB to be more with the general position
situation is
therefore
the
and
.condition;
special
any
with
than
weather has been
the more difficult to meet and improve. The
more wintry, clear and quite cold. This change was greatly
A feature of the speculation this week has been a
desired.
sharp advance in wheat (on Monday and Tuesday), followed
by some decline; and there is a revival of the export demand
probability of the
for Indian corn. There is now not much
financial
measure
at the present
or
revenue
any
of
passage

Gereral trade

[Vol.

COTTON,

Commercial gimes.
COMMERCIAL EPITOME.

gixe

cline

.

..

•

929

188.5.

681

1884.

Since Sept. 1. 4730,384 4766,873 4681,221 4443,980 4339,722 4263,731

The exports

for the

week ending

this

evening reach a total

of 118,227 bales, of which 72,804 were to Great Britain, 20,530
Below are
to France and 24,903 to the rest of the Continent,

the exports for the week,

Week Bjidlns

and since September
From

Feb. 16,

1,

1888.

Sept. 1. 1888. to Feb. 16, 1889

Exported Ut—

Exported to—

Bxforti

Salveston

OonlU Tofoi

Great

from—

Brit'n. *Vonce
...

Sew

OrleanB.
Mo'oUe

1S,S0!>

.

Wilmington

3,661

.

Weelt.

430

480

5.322

38,581
6,430

1,976

1,976

8,883

18,444

6,430

Savannah ....
Brunswick ...
Charleiton

„<„t.

Great
Britain. France
189,171 21,076
503,061 212,347
37,692
82,122 11,542
27,533
5,352
64,133

6.941

6,941

194,616

WB»t Point...
Nwpt Nw«, Ac
New York

4,600

4,500

112,926

6.737
33.392
2,678

47,357
427,896
125,248
83,018
26,446

...

Philadelp'a'&c

ToUl
ToU11887-e8..

0.737

36,065
3,620

1,466

6,861

68

4,012

1,474

1.653

72,801

20,620

49,870

4.696

6,430
1,633

24.903 118,327 1,938.931
11.826

66.890 3.046.657

Ibtal.

69,782 SSOfin
300.307 1,016,700
181.367

37.S93
275,*}!

22,171

65,<IB6

l:t3,075

212,943
100,747
285,543
123,287

22,665
31.036
12,861

';8,082

.

Norfolk

BostOB
Baltimore

26,710

Continent.

47,867
39,172

168,104
l,9lie

800

82,830
9,64»

634.678
127,214
116.678
35,996

986,303 3,590.153
'973,Ml!a.314.853

.

FBBR0ART

Leaving

AT-

Oreat
Britain.

New

Orleani

Mobile
Charlratou
Bavaniiah
Galvehton
Norfolk

. .

..

.

4,»4»J

12,500
7,800
11,000

New York
Other

15,980
7,000
None.
None.

jiorui

Other
/Vane*. Foreign

3.152
None.
None.
None.
None.
None.

Ooatt-

3,2ir>

5,000
9,600
3,000

900
None.

5*

1?

92Sf

316.62-;
.30,514

00

14,497
74,479
V3,694
1S,«88
213,882

10,'.?

8.800
11,405
23,000
18,300
14,000

t'7,138

.'9,226

4,052

45,884

22,706

131,868

759,716

Total 1888
Total 1887

63,596
79,477

2.6S5
16,461

61,157
50.192

16.147
14,2o5

143,585
160.385

758,096
712,420

The speculation in cotton for future delivery at this market
showed on Saturday last some degree of firmness, but opened
quite depressed on Monday under an increase in the crop
movement, not only over last year but over the preceding week;
the bulls, -while expecting the former, were not prepared ,'ar tlie
latter, and values continued, from this cause and its depressing effect upon Liverpool, to slowly give way on Tuesday
and Wednesday. A report from the Agricultural Bureau
(printed in another column) appeared on Monday, althoush
vat it ualy interpreted as pointing to a crop aa low as 6,700,000
bales and as high as 7,400,000 bales; its immediate effect was
to cause a partial recovery of the early dfcline on that day.
Yesterday some points of Ellison's circular were reported;
these, together with smaller receipts at the ports and firmness
at Liverpool, caueed a quick advance to about the prices of
Monday. The buying on Wednesday and Thureday was
largely for June, and on Thursday was largely for Jure and
August. To-day an unsettled opening was followed by a
sharp advance, when receipts at the ports were estimated at no
more than 20,000 bales; but there was some decline when the
receipts at interior towns began to come In at pretty full
figures, and the close, though steady in tone, was at about
the lowest figures of the day. Cotton on the spot declined
l-16c. on Monday and again on Wednesday.
Yesterday there
was a fair demand for home consumption at revised quotations; low grades advanced ^@?8C., the high grades J^tg'iC
dearer, the medium grades partially l-16c. dearer; low grades
of stained i^Qo-lGc. dearer. To-day the market was steady

M

,

—
—

UPLANDS.

Sat.
I

,

.yib.

7

9<>8

lOifi

(3ood Middling

IOI3

.,

Good MlddUng...

Middling Fair

XT'«
8ifl

9

9»i«
9>a
99l6
91*16 913,, 9%
101,8 101,8 10
ilOiie 107,8 1038

»'8

MlddUng
Btrlot

9

738

10U,8 10iq„'l058

10%

11

,

Hlll« 11=8

Fair.....

i

1158

7)4

7I4

Zilie
808

2

io

03

s

^

10
IQia

10%

10%

to

Ordinary
Strict Ordinary
Good Ordinary
Strict Good Ordinary
U)w Middling
Strict

Low

.»lb.

714

7%

813,81

9S,g
9^8

,

Ittlddllng...

lOifl

MlddUng
Good Middling
Btrtot Good Middling..

10%
10%

Middling Fair

I

I

73,8
711,8

8%

9>4
913,8
!l0i,„
[105,8
1011,8
1015,8

11
115,8 IIH
1116,81178

.!..

Pair.....

STAINED,

Sat.

f

7Sje
711,8

8%

7Je
7=8
811,6
9»,8

914
913,8 9%
101,8 10

«>!0

5

ICO

• <o 5

my*

^

tow

WW

S^:

678

7»8
li'i''

Middling

»»16

l> l>
8«8
8=8

7i«

CSCOO9

2

obcD

tOOx^

go

1

cococco
QDobOcD

91s

9'l«

9»a

sn,

919

<oo§to

2

-4

oto

coco
tod,

5
2
'^

«>co
obob

5
2
**

obob

MOD

«

to

ooto

o^

Easy
Mon. Quiet*
Sat

..

1,8

Toes. Easier

dec

port.

coeoo^

OCDotO

cotoOco

obclbOcx)
0500
05

Total!

^^'^
«.?^
previons to

;

Bote- Trantit.

Total.

00 <
00
OWM^2 00
WW

1,024

3,143

^fU a
wo " 66 2
MMtCM MM VM MMo*-*
0000 OOOO OOoO
mmO.^ MM = M 6606
too)
w j*.W__tO_ coo o
MM^>~
00 5 00 ^ 00 5
MM a *^*^ 9 MM
»
OWM*< WWM-»
«.=:

200

377
638
4«8
879
341

377
638
468
579
541

2,319

3,427

58.*; 00

43,600
65,60i
64.50(
39,50t

5,746 301,800,'

deUveries given above are aotvally delivered the day
that on whlou they ai-e reported.

<otooco
QbQbO(]D

too
00b
OQD

oto
to^

J

2

^

5
2
''

WW

s.<»:

I

<*«:

CO

05

O'obo toooo
too
-to

toto
toco

5

too
toto

IJ

A

00
66

s«:

I

aw;

1

IJ

2
"^

*.«

5
2

•"*

00
66
MW

91-4:

1

f-'t-*

5
2
^

00
00

«.-^:

f

*,:!

<
n
'

MM<IM MMi^
OOOO
OOcO 0000 MmO
^
6-06
6606
OiQO
OS
QDO ^ M,(^ to
I

MM >
00
5 09
MM 52 90
MM
» MM
*-w
"^

<i-j

air:

I

1

?|

a
•«

s,":

MmCCM MMtOM MMQOM
1

1

OOOO 0060
0050
mmOm ,:i,j,o,j MtoOtO
MM to woa w
00
«
9?
9?
?
toM a
toto
2

!

:
!

I

OODm^

*«:

I

ao:

MMtOM mmVim
OOgo MMtOM
OOgo OCoO
0060 OOCO
o MIO
MMO,i -to
toto^to
toto
1

1

tOc

CCM_

O M O rf^W**

COO

oto

5

ceo

-j-4

2
'^

•j-i

00
1

qDh

00

MiO

>
5

toto

5

coto

MW,,12

-qx

'^

OQO

».";

»

O
5

=9

"^

to

in:
a

:

1

5
^

$

:

00
to
w
So OOOO OOOO
OOOo OOOO
oooto oooto

-lobO-j

~iO

o

COCOO^D

O

s

-i-j

-J

o

<

I

COCOOO

^
o

'

l«w=

-40&Oqo

cDcJbOob

I

frooOob

W

«:

:

05

gt

'

«

:

w
OOCO
I

I

9«;

wo
w
XOD 00

•1:

;;,

o

66
Mio
1

1»

5
2
"
:

o
OOCO
6606
w
to
If.

too

5
I

I

I

I

c

I'

w
o

'

If^

I*
•4

5
WW
WW
ft
•*

I

o 6 to to
w w c o, w

-w

'

coto

•>i

o

WW W

toto

WW

?
<
01

'?l

OoOo o
c^w w w
tow

,

o

00

'?\

w

I

00

WW

s

:

.

w
w

j

'

lf>

'

if

Sl'io
91a

trie*

9.^:

<0

MOO
MMrtjM
0000
0000
OOoO
co60(o 6606 6606
COM 00 OM__C wei w

;,,

1

».*:

ocooco

;o

9

1

obobOcD

oto

I

1

1

7%

33,00<

<0

cocooco
c6«60ab

2
•*

OOCD
C3C0

loto

0000 OOoO OOOO
cmOo^ OJtO
66od
ffiC
^ oo^o
tow w
MM >
00 5 00 5 00

7 '8

Delit
Salet.

o

5

«.":
to

I

«.«':
Sw;
MM*.M MMol-* MMQOM

9| I?
I

2,119

Wed. Steady -s.

i,8d60.
Thar. Steady aprev.quo.
Frt ..Steady

Con-

rump. uPt'n

2
**

XQO

00 5 00 5 00 J CO
op 2 66
66
W.
^Wm^2 66 2 01

Frl.

KALES OP SPOT AND TRANgnT.

Ex-

WW

s-2;

too

tocooco
ooQo^ob

QDOd

oogo MMtOM
0000
oAO,-=,
I

I

*-

sv,;

oto

MABEBT AND SALES,

SPOT MARKET
OLOSSO.

obobOcb

to»

COCJ

toto

FrI,

The total sales and future deliveries each day during the
week are indicated in the following statement. For the conTenienoe of the reader we also add a column which shows at s
glance how the market closed on same days.

teeoto
-i-iO-i

V

IJ

eo»o«

:

O.J

I

to

a.*':

-j-jO j

'*

«

o«

I

h-eo^^
I

71a
Zl^i«
878
878
96,8
96t8
913,8 913,8
101,6 101,9
IOI4
1014

7%

^

,

.

:

,

a
oto

5

<?1

«

-il

CO

tOQDM'^

7ifl

718

I

(0

:

to

coco

106,8 JOI4
1011,8 10»8
10% 10%
lOi^ie'io's ill
11
II14 'H:',e 117,8 117l«
iiia,„i2i,. 121l«
117a

67g

•

"I

9

I

O)

jvl

inon Taes; Wed Xb.

'^

•

w
«o«oo

I

to

.»lb.

1E3

O.E.C
'

I

*

•

I

-j-jO^

I

Good Ordinary
Strict Good Ordinary.
Low MlddUng

'^

'

:?:

M
tcto -«

:j-i

1016,8 113,8 113,8
1113,8 Ill''l8
1

o.C.g.

:

PI

!ll9,8

laon Tneai IVed Tb.

Sat.

5.

,

>

>

GULF.

ftpiif
^*

.

3- r

I

9i:',8

10<9

I?

CO

§

Sii«
9»in

10

^

-..,

»

for

711,6
8»8
91,8
9»16
913,6

g|

o-r?

i

«

rrw

0>

inon Tues Wed Tb. FrI.
6i5,e
7^16
8>i

7I3
8»16
9>16

^

1%
QO

—

were to arrive. The following are the official quotations
each day of the past week Feb. 9 to Feb. 15,

O.E..^,
.- 01

<*l

at lOc, for middling uplands.
The total sales for forward delivery for the week are 304,800
bales. For immediate delivery the total sales foot up this week
5,746 bales, including 2,319 for export, 3,437 for consumption,
for speculation and
in transit. Of the above
bales

—

'p'osj r^'os?'

•as

.

39,103
7.000

shown by the follow-

illl
9 f3li hn f2?|
ri^ UH
hn
d im f3?|
'^vs^ "55^1 "wS;

f

8,102
None.
1,200
4,600
3,301
5,500
None.
None.

11.869
None.
9.000
4,200

225

Tnr. Sales and Pricks of Futubbs are
ing oi/mprehensive table

Stock.

Total.

vHte.

Total 1889

Ordinary
Strict Ordinary
Bood Ordinary
Btrlot Good Ordinary.
Low Middling
Strict Low Middling ..,

'

THE CHRONICLE.

16, X»80.J

In addition to above exports, our telegrams to-night also giye
ns the following amounts of cotton on shipboard, not cleared,
We add similar figures for New York,
at tho porta named.
which are j repored for our special use by Messrs. Carey, Yale
ft Lambert. 2i Beavor Street.
On SMpboard, not eUared—for
Feb. 16,

«

:

I

en

dl
'

rOd

"^
:

QO

2

oo
WW

o>

Id

I

"I
I

I

«
to
00
Ci

'

• Inoladea sales In September, 1888, for September, 165,300; Septem»)er-Ooiober, for October, 394,100; Septemuer-November, tor Novemtier. 68.T.500; Heptember-Dooember, for December, 980,400; September-January, for January, 1,650,500.
^p* We have Included In tho above table, and shall oonttnae Meh
waeK to give, the average prloo of futures eaoh day for each month. It
will be found under each day following the abbreviation "Aver." The
average for each month for tho week la also giron at bottom of table.

rransferable Ordore— Saturday, 9'80o.:
9-eOe.;

Wednesday,

9-75C.;

Thursday,

Monday, 9'80o.;
80c.; Friday, 9800.

Tneodayi

The following exchangee have been made during the week:
•19
•14
•09
•07
•06

28

pd. to eich, 400 Mar. for May.
pd. to exoh. 800 Feh. for Apr.
pd. to exch 2.400 Mch. for Apr.
pd. to exch. 500 Oct. for Jan.
pd. to exoh. 1,200 July for Aug.
pd. to exoh. 100 Feb. tor Jane.

'09 pd. to exoh. 400 Mar. for April.
-05 pd. to exoh. 200 Fob. for Moh.
'24 pd. to exoh. 100 Mar. for June.
'09 pd. to excli. 200 Mar. for April.
'08 i>d. to excli. 600 Mar. for April.
08 pd. to exoh. 300 May (or June,

B

„

:

THE CHRONICLE.

226

Thk Visible Supply op Cotton to-night .asmadeupbycabie
and telegraph, ia as foUowg. The Continental stocka, as well f a
those for (Jreat Britain and the afloat are this week's returns
and consequently all the European figures are brought down
to Thursday evening. But to make the totals the complete
figoree for to-night (Feb. 15), we add the item of exports from
the United Statea, including in it the exports of Friday only.
188G.

[Vol. XLVIII.

The abo%« totals show that the old mterior stocks have
dccreajted during the week 15,776 bales and are to-night 26,204
bales hss than at the same period last year. The recoiptaat
the same towns have been 19.657 bales wore than the name
week last year, and since September 1 the receipts at all tue
towns are 3.175 bales less than for the same time in 1887-88.

Quotations for Middling Cotton at Other Markets.—

1889.

1888.

1887.

bales

7c3,000
4.000

852,000
26.000

914,000
10,000

074,000
18,000

In the table below we give the closing quotations of middling
cotton at Southern and other principjJ cotton markets for eacE
day of the past week:

Total Qreat Britain Btoob.
Stock at Bamborg
.,
B«ork at Bremen..
Stock at AmsterdaiU
Stock at Rotterdam
Stock at Antwerp
Stock at Havre
Stock at MarselUes
Stock at Barcelona
Stock at Genoa
;
Stock at Trieste

737,000

879,000
4,200
43,300
26,000

924,000
3,300
24,200
32,000

692,000
4,000
43,600
31,000

Week ending

400

400

,500

300
700

lOO.OOO
4,000
42,000
6,000
8,000

183,000
3,000
48,000
4,000
5,000

1,700
237,000
3,000
37,000
5,000
8,000

1.800
157,000
5,000
39,000
10,000
4,000

TottH Continental stocks

198,900

317,500

351,600

295,800

M Uverpool
London

8»ck

BloSt it

3,100
14,000
21,000

300

935,900 1,195,500 1,275,600 987,800
225.000 119,000 lr<0,000 127,000
377,000 353,000 505.000 422,000
28,000
45,000
55,000
48,000
891,584 901,681 872,805 1,042,334
301,246 327,450 290,064 419,560
4,174
15,208
14,341
9,256

Total European stocks

bdla cotton afloat for Europe.

mer. cott'n afloat for Ear'pe.

Kgypt,Brazll,4o.,8fltforE't'pe
Stock in United tjtates ports..
Stock In U. B. Interior towns..
Onlted States exports to-day.

2,793,07-' 2,960,887 3,183,677 3,030,888

Total visible supply

Of the above, tue totals of kmerlcan and otlier descriptions are as follow s

^met ManAmerloan

afloat for

587,000
133,000
377.000
891,584
301.246
14,341

bales

Liverpool stook
Cjntlnental stocks

Europe..

Onlted States stock
UnltedStates Interior stocks.
Vnlted States exports to-day.

725,000 500,000
264,000 239,000
505.000 422,000
872,805 1,042,354
290,064 419,560

668,000
18S,0U0
353.000
901,681
327,450
9,256

15,208

Galveston...
New Orleans
Mobile
Sdvannali...
Cbarleston..

die.

174,000
18,000
56,800
127,000
28,000

513,500 511,60O
2,304,171 2,4*7,387 2,672,077

403,800

146,000
4,000
65,900
225,000
48,000

Conrlifutiil stocks
T-i la afloat for Europe
Egfpt, Brazil, &o., afloat
f

Total East India,
Total Amerloan

Ac

184,000
26,000
1*9,500
119,000
55,000

488,900

2,6:i7,0-'8

Total visible SDpply
2,793,071 2,960,887 3,183,677 3,O30,8C8
Sigil.
PHoeMld.Upl., Liverpool....
oDiriI.
413, ,<!
5»icd.
lOo.
10=80.
Price Mid. Upl., New York...
SI'kjC.
QHte.

Off The

imports into Continental ports this

week have been

j)0,000 bales.

The above figures indicate a decrease in the cotton in sight
tonight of 167,816 bales as compared with the same date of
1888, a deoreaae of 390,606 bales as compared with the corresponding date of 1837 and a decrease of 237,817 bales as
compared with 1886.

At the Interior Towns the movement—that

is the receipts
the shipments for the week,
and the stocics to-night, and the same items for the corresponding period of 1887-88—18 set out in detail in the following Btatem- iit.

for the

week, and since Sept.

1,

10

10

10

9^

9I3

Q^a

10

10

Vedna.

91s, B

9»,6

9« 6

9 "Is

9^

10

9%

FH.

915,,
9«iJ

9»ie
9»8
9J2

10

93»

Thurt.

10

91%
9»8
9".

9"l6

9%
9i'l«

Baltimore...

10

euuadelphla
Augusta

1038
9^8

94

10

9»a
9i'ic

911,

101,8
1038

lOifl
l()»e

9 '8

10

99i«
911,,

99,e

101,8
103a
f's
911,8
9=8

9'8

10

10

103a
9^8
9 is

1038

9 '8

9%
9»8
9"ie
St. Louis....
9%
9^
911,6
9"ie
.1!^
Cincinnati..
9%
9%
o\
9%
LoulBvUle...
934
99,
9%
9?4
9%
9%
Receipts from the Plantations. — The following table
indicates the actual movement each week from the plantations.
The figures do not include overland receipts noT
9%
9%
9%

Memphis

Southern consumption they are simply a statement of the
weekly movement from the plantations of that part of the crop
which finally reaches the market through the outports.
;

Week

4,174

189,000
10,000
87,600
180,000
45,000

Uverpool stock

London stock

Tuc».

911,
9%
1014®^ 1014®% 10l8®>4 \0^-a^ loiea"* loisau

.. ..

ReceivU at the Ports. StHc at Interior Tovmi.

2,304,171 2,147,387 2,672,077 2,627,088

—

Uon.

9%

Boston

BnMno—
Total American
Xeui Indian, Brazil,

Satur.
911,6

Wilmington.
Norfolk

MIDDUNO COTTON ON—

CLOSING QUOTATIONS FOR

Feb. 15.

Jan. 11."
••
18 ....
.

••

23..

..

Feb. 1
•
8
" 13

1867.

18*8.

1887.

18S0.

U2.91S 145.741 159,119
186.8SI 105.40

1S2.S31

1888.

359.74.^ 4S7.20J

I8t9.

1887.

Irom Plant'n*.
1888.

1880.

435 56^ 10».<08 121,139 146,027
107.093 3i.5«7 92.088 120,703

:49,17s :!06.42- 123.>-32
i;7.821 .(51, 301 39H.0lk <S9.iM3

iH).13ii

Itec'ptt

U 7.464

64.3lr 160.371

130.753

l=S.35i 330,81!; 37.1,551

161.239 118.004

80,8 IS 126,950

108.S5'.

i)«,5-3 Ij6,3l7;332.7e',8 .46S.6«:

138,521 104.443

8-i.B9(

101,629

84.58;

84.137' 135.6701 121,366 360.44

Bi0,887l 7.5,150

75.91.'

119.43^

The above statement shows

—

That the

from
September 1, 1888, are 5. (.'4!, 9i)fl bales;
were 5,103,484 bales; in 1886-87 were 4.9o4,.527 bales.
1.

total receipts

the plantations since
in 1887->-8

—

3.
That, although the receipts at the outpoi'ts the pa.st week
were 13i,670 bales, the actual movement from plantations was
only 119,436 bales, the balance being taken Iiotn the stocks at
ihe interior towns. Last year the receipts from the plantations
for the same week were 75,915 bales and for 1887 they were

75,150 bales.

Amount of Cotton in Sight Feb. 15.— In the table belot.
we give the receipts from plantations in anotlier form, and add
to them the net overland movement to Jan. 1, and also the
takings by Southern spinners to the same date, so as to give
amount of cotton now in sight.

substantially the

1888-89.

1887-88.
\

1886-87.

|

1885-88.

Receipts at the porta to Feb. 15 4,736,384 4,7GG,S73 4,681,221 4,i-t3,980
Interior stocks on Feb 15 In
304,912 33G,611J 273,300| 432,320
excess ol September 1
I

I

o

lie.

Tot. receipts from plantat'ns 5,041,296,5,103,484 l.P.il.Sa? 4,876,300
(iSS.Odl)
792,4131 583,220 o59,199
Net overland to Fob. 1
265,000 210,000[ 194,000, 164,000
Soutliern oousumpt'n to Feb. 1

Total In sight Fob. 15

Kk yt

It will be seen by the above that the decrease In amount in sight tonight, as compar( d with last year, is 14o,012 bales, the Increase 8»

^1 M :>
M y' 10 .J yi

at) rf.

compared with i8SC-7
is 390,386 bales.
;0

M

QDA^DC Wit-O

Qot M^><l:otocQo

I

>;ttl3*.e;t3MU^!35

1

woo — «OMc^i» — a'j'Mc-.M^iiSi-'ia
c»o jicwwitf.c-.c:ccoofflc«WMOrf.

05

w

UiMff.Oya^

CW

i

r

O C5 *- ^1 M

-J-

wy

:!•

.)

J.

—^o

Cl-'WlOao,*.|-'U v'**Q0OC'XCTCD-4 out

'I

tSl <B_>-'0!WJ».M;
;

lf^*J©0tHOCS!0r'03.

I

K M h-

C;i

10

l-C

Oi C! ^n t

X t:
O Iv5 CJHO
«o © * c: *4 « CT

a: Qc-wx-o

oa

CJi

-sj -kJ

j

coT"
It*

«l005Mw»Oi-

go

icM^-^-cceooi

10 lU

Cv wT

»0

^ OHMOSW

w CP M
O M lU

CiClQOOOr-iCC:
;0

W C
P-t

v^l

yi

«..

WC*.|^«C03SKfa0l4)-'OOH000sO

*

the

Mt-ii

CSX

C^p

COIO<ACO;

from the South to-night

indioaii- that the

QOM'OC 5o?0'x

flffOTM for LoulavUle lu both years are "
net."

reports

weather has in

general been favorable for the marketing of cotton. At some
joints preparations for the i.ext crop are in projcrtss.
Qalvestou, Texas.
have had r/iio on four dajs of the
week, the rainfall r^-aching two inches and forty hundredths.
The theimometer has averaged 57, ranging Irom 40 to 69.
Fales'Ane, Texa.'., The weather has been dry all the week.
The thermometer has ranged from 3S to 60, averaging 48,
San Antonio, Texan. There has been no rain ail the week.
Aveiage tliermometer 54, highest 60 and lowe.>t 48.
New Orleans, houtstana.—We have had rain < n four days
of the w.ek, th" rainfall reaching one inch and forty-seven
hundredtls. The thermometer has averaged 53.
Shrev^port, Louisiana. —The week's rainfall has been
fortv-two hundredths of an inch.
The thermometer haa
averagtd CO, rarging from 30 to 72.
Columbus, Mississippi.
have had rain on two days of
the wei b, the rainfall reachinj; eigi.ty-five hundrtdths of aa
inch. The thermometer has ranged from 20 to 55, averaging 39.
Leland, Mississippi.— RuintalX for the week fifty-two
hundredths of an inch. Average thermomttar 431, highest
64 and lowest 24.
Clarksdale, Mississippi.
have had rain during the
week to the extent of cne inch and fifty-four hundredths.
Vickshurg, Mississippi. The weather has been damp and
misty.with lain on three days of the week, the rainfall rt aching twenty hundredths of an inch. The cotton movement i»

— We

—

—We

c-.

5C»M»-a:ooxc»oxwM3iaico==

MM^O

284,138 bales and the Increase over 1885-6

—

10

woootloiuwl
<auie(ctaa>:

H'
I

18

Weather Reports by Teleqraph. —Telegraphic
to us
a>

5

}S
p
"ooC/iMiMCC^

©

5,S95,S85|6,135,897'5,731,747 5,599,49»

Northern spinners' takings to
..11,376,318 1,387,870 1,200,001 1,257,29!>
Feb. 15

Sa

0'--ieio*'"j
03 ;c

i

— We
—

.

FBBlinARY

.

THE CHRONICLE

18, 1889.]

it is claimed that only a amall percentage
crop remains to be marketed. Farmers are generally
jireparing to break ground for planting. The emiRration to
the Ya/.oo Delta continues. Tlie tiiermometer tiaa ranged
from 3S to 70, averaging 64.
Little Rook, Arkansas.—There has been light rain on two
days of the past week, the rainfall reaching ^ixteen-bundredths
of an inch. Farmers have had fine weather for some time
and are further advanced than usual iri their preparations for
the new crop. Average thermomoter 45, highest 63, lowest 30.
Helena, Arkansas.— It has rained lightly on four days of
the wet'k, and is raining now. The rainfall reached seventysix hundredths of an inch. The cotton receipts or the week
are double what they were in the same week last yeir. The
thermometer has averaged 44, the highest being 64 and the
lowest 30.
Memphis, Tennessee, Marketing continues to make good
progress. Ivain has fallen on three days of the week, and it is
now raining. The rainfall reached eixty-four hundredths of an
inch. The thermometer ha s averaged 42, ranging from 80 to 61 '5.
Nashville, 2'ennessee. We have had rain on four days of
the week, tlie rainfall reaching thirty hundredths of an inch.
The thermometer has ranged from 21 to 60, averaging 38.
Mobile, Alabama.T^i has rained on four days of the week,
the rainfall reaching two inches and forty-three hundredths.
Average thermometer 49, highest, 63, lowest 38.
Montgomery. Alabama. Rain hss fallen on two days of
the week, continuing to-day. The rainfall reached thirtynine hundredths of an inch. The thermometer has averaged
46, the highest being 59 and the lowest 30.
Selma, Alabama. It has rained on four days of the week,
the rainfall reaching one inch and sixty hundredths. The
thermometer has averaged 46, ranging from 33 to 58.
Auburn, Alabama, The week's precipitation has been
forty hundredths of an inch. The thermometer has ranged
from 31 to 56'o, averaging 46'8.
Madison, Florida, Telegram not received.
Columbus, Oeorgia.— It has rained on two days of the
week, the rainfall reaching two inches and twenty-eight hundredths. The thermometer has averaged 47, the highest being
oS and the lowest 33.
Savannah, Oeorgia. We have had rain on four days of
the week, the rainfall reaching eleven hundredths of an inch.
The thermometer has averaged 46, ranging from 3t to 65.
Augusta, i/eorgia.—lhe early part of the week was clear
and pleasant, but latterly there has been rain on four d«ys,
the rainfall reaching thirty-nine hundredths of an inch. The
thermometer has ranged from 23 to 58, averaging 43.
Charleston, South Carolina, There has been rain on four
dajs of the week, the rainfall reaching thirty-two bundreutna
of an iLch, The thermometer has averaged 45, ranging from

still

of

227

xpom TO araora wmom. au. didia.

pretty free, but

tiie

—

—

1889.

—

—

34

to 63.

—

Stateburg, South Carolina. Light rain has fallen on one
day of the week, and there has been snow on one day. The
precipitation has been twelve hundredths of an inch. The
thermometer has ranged from 19 to 56, averaging 40.
Wilson, North Carolina. We have had no rain all the
week. The thermometer has averaged 41, the highest being
«2 and the lowest 20.
The following statement we have also received by telegraph,
showing the height of the rivers at the points named at 3
o'clock Feb. 14. ia89, and Feb. 16, 1888.

—

Feb. 14, '89. /«». 16,

12
15
6

4
2

Feet
7
10
17

28
31

6

20

Inek.
7
8
5
1

21

3

IneK.

Feet.

'Few Orleans

..Above low-water mark.
lempals
Above low-water mark.
JfTsAllYlUe ........ .....Above low-water mark.
ChTevepoit
.....Above low-water mark.
Tleksburs
Above low- water mark

'98,

3

Binet
Jan. 1.

.1

0,000
13,000

253,000

63,000l

All other ports.

Total

thit week.

Tear Great Oontt[Brit'n.

Total.

nent.

Shipments Since Jan.
Ortat
Britain

Oontintnt.

Total.

X889 10,000 40,000 50.000

fiS.OOO 190.000

1888

21.000 112,000
US, 000 124,000
39.0001 85,000

4,1

00 38.000 42.0(0

M87l 7,000 19,000

nsel

2(j.00'i

9,0001 s.ooo 14.000

Shipmentt for the
Ortat
Britain.

I

Oonti-

nenU

vieek.

Total.

1.

253,000
136,000
159.000
124,000

This
Week.

69.000
13,000
t2,000
42,000

Since

Jan.

1,000

26,000
10,000

159.000
41.000

304,000

51,000

177,000

36,000

200,000

,')

1888-89.

1887-88.

1888-87.

Beoelpta (oantars*)—
This week....
Since Sept. 1

60.000
2,438,000

30,000
2,688,000

60,000
2,682,000

Since
ThU
week. Sept. 1.

ThU Since
week. Sept. 1.

ThU

SUua

week.

SepLl.

9,000 IS 8,000
7,000 101,000

5,000 205,000
3,000^119,000

6,000 7<v7nnn
6,000 111,000

9,000 289,0001

8,000324,000 12,000318,00

Exports (bales)—

To Continent
Total Europe

This statement shows that the receipts for the week ending
Feb. 13 were 60,000 cantars and the shipments to all Europe
9,000 bales.

—

Manchester Market. Our report received by cable to-nigbt
from Manchester states that the market is quiet for both yams
and sheetings, and that the demand in each case continued
the prices for to-day below, and leave
poor. We give
those for previous weeks of this and last year for comparison

:

1889.

32« Oop.
TwUl.
d.

d.

1888.
Oott'n

8>4 lbs.
Shirtings.
d.

8.

d.

B.

1
1
1

Feb. I?l5iga87is6
"
8 8ii8 3i8»ia 6
"15i7i6,B®-'''i«6

1

JBrttoin.

1889
1888

Cadraa—
1889

5,000
2,000

2,000
3,000

7.000
5,000

15,000
12,000

13,000
9,000

28,000
21,000

2,000
1,000

4,000
4,000

2,000

6,000
4,000

1888

2,000
1,000

others—
1889
1888

4,000
2,000

1,000

4,000
3,000

14.000
11,000

3,000
5,000

17,000
16,000

11.000
5,000

2.000
4.000

13,000
9,000

33.000
27.000

18,000
14,000

51,000
41,000

A.11

Total aU—

1889
1888

TioUt.
d.

d.

8H
8.

2ia

7i3,,'a87,65
69 18 713,„ai8ii«'5
713,8»8ii6'5
5>i
51-2
7l3,«a87iel5
7% »S38 5

l ^g

5»i,

»7

11

m

®7
®7 1%

m
»7

5ifl

lbs.

ShirliTigt.
d.

s.

9
9

®7
®7

9

•a?

Hid.
Uplda
A.

d.

2
2
2

«i3a7 IHi

5%
5»8
5»8
5».«
5««
5»l«

8

as follows:
Oelober 1 to February 1.

0reat Britain.

Continent.

TotaL

For 1888-89.
Takings by eplnnerB. .bales
Average weight of bales....
Takings In pounds

1,216,000

1,317,000

2,533.000

461
560,676,0^0

460

460%

.

605,820,000 1,166,496,000

For 1887-88.
Takings by siioners ...bulee
Average weight of bales .. ..
TaklnffR In Dontirtq

],383,COO

1,398,000

2,781,000

434

444

430

600,087.00

620.840.000 1.220,027,000

Accordinu; to the above, the average weight of the delive.iee
in Great Britain is 461 pounds per bale this sea^ton, against
434 pounds during the same time last season. The Continental
deliveries average 460 pounds, against 444 pounds last year,
and for the whole of Europe the deliveries average 460J^ pounds
per bale, against 439 pounds last season. Our dispatch also
gives the full movement for this year and last year in bales of

1888-89.
Qreat
Brilatn
52,

Oonti-

1887-88.
Total.

nent.

245,

Oreat
Britain

Oontinent.

51,
1,500,

167.
1,552.

3,052,

Total.

1.402,

193,
1,514.

Supply
1,454,
Oonsumptl'D 17 weeks 1,234,

3,161,
2,483,

1,551,

1,249,

1,245,

1.719.
1.224,

3 270,
2,469,

453,

678,

308,

495,

841,

1.!

Weekly Oonsumption,
00s omitted.
In October

ilBloatta—

XJplds

a? 1
7% -3838 15 8 «7 1
EuKOPEAN Cotton Consumption for February 1.— We
have received to-day, by cable, Mr. Ellison's cotton (inures
brought down to February I. The revised totals for list year
have also been received and we give them for comparison.
The spinners' takings in actual bales and pounds have t)een
2

Spinners' stock Feb.

1.

Mid.

32* Oop.

d.

0iaa7 Ha

Jan.ll 7i5,g,»8i,8 6
6
18 715,„»87
25 7i5,oaSi (.6

2S7.000
254.000

Total.

I.

130,000
41,000

Alexandria, Egypt,
Feb. 13

10 '5 .000
2:i7,0OO

Shipments since January
Continent.

X.

Mnca
Jan.

tettk.

Liverpool and Alexandria, we now receive a weekly cable of
the movements of cotton at Alexandria, Egypt. The following are the receipts and shipments for the past week and for
the corresponding week of the previous two years.

Spinners' stock Oct.
takings to Feb. 1 .

Receipts.

week.

42,000
9,000

—

\BhipmenU

1887.

TMt

Sinet
Jan. 1.

Alexandria Receipts and Shipments.—Through arrangements we have made with Messrs. Da vies, Benachi & Co., of

JUTK Butts, BAGfiixo, &c.— There has been a fair inquiry
for bagging, and though the lots ara small considerable stock
is being taken. Prices are tteady and sellers are quoting 73^
<a9}^c. Only a moderate trade is reported in jute butts, there
•beinif little call for large lots.
For pappr grades quotations 400 pounds each.
are 2Vi@3 5-16e. and bagging qualities 2^i@2}4o.
Oct. 1 to Feb. 1.
India Cotton Movement fhom all Pobts. The receipts
and shipments of cotton at Bombay have been as follows for Bales of 400 lbs. each.
000s omitted.
the week and year, bringing the figures down to Feb. 14.
BOICBAT BECBIPI8 ASD SHIPHEirrS FOB FOITK TBAB8.

ThU

Thit
week.

Bombay

—

—

Europe

from—

—

—

1888.

Shipments
to all

1.

220,

•75,0

1,707,

73,0
73,0
73,0
75,0

!,916,

148.0
148.0
148,0
151,0

73.0
73,0
73,0
74,0

218.

72,0
7/,0
72,0
72,0

145.0
149,0
...
145,0
140.0
* Average as piven by Mr. ElUson; deduction made from month's
total
on acuuuul of etoppago of spini]le».
In November
In December.
In January

75,0
75,0
76,0

The foregoing shows that the weekly consumption in Europe

now 151,000 bales of 400 pounds each, against 149,000 baled
of like weights in the previous month.
In other words. Mr.
Ellison estimates the weekly consumption in January to have
been 1,000 bales greater in Great Britain and 2,000 bales moie
on the Continent than during December, Should this rate of
coneumplion continue throughout the remaining thirty-five
weeks of the season, and if the supply should prove no larger
is

:

—

.

:

..
.
..

THE CHRONICLK

228

stocks
than it was given in Mr. ElUson's January Annual, the
would be only
at European mills and ports on September 80
the
slishtly in excess of 500,000 bales. In January, 1888,
weekly consumption for all Europe reached 146,000 bales of
Spinners' stocks, both in Great Britain
400 pounds each.
aud on the Continent have been augmented during the month,
and now the aggregate is only 123,000 bales less than at the
same date last season.

AOBICULTtJRAL DEPARTMENT REPORT FOR FEBRUARY.— The
Agricultural Department issued on the 11th inst. the report
as folfor February 1 on the proportion of cotton marketed,
lows:
averThe cotton returns of the Department of Agiicultnre make the
amount of later
age c1o°c of piciing six days later than last year,inon
the Southwest the
maturity ana frequent rains. In many counties
the

croiihasnot yet been fully harvested. A careful corsolidation of of
returns makes the proportion marketed Si -3 per cent, the average
Sfi fitatS belne as follows: Virginia, 83; Nonh Carolina, 84; South
Georria 8G: Florida 87; Alabama. 85; MissisCaroUna 85
Tennessee,
Texas, 85; Arkansas, 84
82 ;i:o»i8S 83
83
The staple is shorter than last year, and there is more dishave been
colored and thrashy Bbre. The caterplller and boll-worni
widelT distributed, but ihcir destruction has l>een greatly limited by
bushel, near
•'Insecticide " Peed has been eold at 12 to 16 cents per
lines of railroads, mostly by tenants, the proprietors flnding It more
valuable for feeding and fertilizing purpoecf

Si,

;

;

SHiPPiMa News.—The exports of cotton from the Uniieu
Btates the past week, as per latest mall returns, have reached
149,858 bales. So far as the Southern ports are concemed.these
are the same exnorts reported by telegraph and published in
With regard to New York we
ttie Chronicle last Friday.
nolude the manifests of all vessels cleared up to Thursday.

—

Total balei.

Ansteamers Adriatic, 1,884
Kew YOKK—To Liverpool, per 1.470
CallAuranla, 1,598
Arizona.
choria, 674
2,628...
Delambre,
1,732
Berlin,
foruia, 420.. .City of
Eevpt, 2,384... Lake Superior, 2,800... Nasmyth, 3,074
23.729
St. Ronans, 3,075.... Wyoming, 1,990
1,257
To Hull, per steamer Galileo, 1,257
Lydlan
Monarch,
79
79
To London, per eteamer
1,466
To Havre, per steamer La Normandie, 1.466
-.
Fu!da,901...
Lahn.
300
1,201
To Bremen, per steamers
Moravia, 1,162
To Hamburg, per steamers Marsala, 612
2.192
...SueAia. 418
700
To Rotterdam, per steamer Rotterdam, 700
Belgenland,
Euyter,
788
De
To Antwerp, per steamers
2,768
1,980
Hiw Orleans—To Liverpool, per steamers Areclbo, 5,454
Australian, 5,743... Author. 2,706. ...Bernard Hall, 6,331
Borlnquen, 2,530... Editor, 4,020... Hugo, 5,731....
48,566
Professor, 7,000....Eoese, 3,300.... Saturnina, 5,751
4,200
To Odessa, per steamer Oakdene, 4,200
6,933
Bbdnswick— To Liverj)00l, per steamer Ross-shire, 6,933
,791
791
To Continent, per
5,067
Ohakleston— To Havre, per steamer Almandlne. 5,067
Naranja,
Brunei,
5,608
steamers
2,500
To Barcelona, per
11,578
...Thane, 3,470
1,200
To Genoa, per brig Emanuelc, 1,200
4,181
To Odesta. per steamer Chancellor, 4,181
Galveston—To Livcriool, per steamers Amethyst, 3,40.2
Princess, 5,280. ...Scottish Prince, 4.895
13,577
1,275
To Vera Cruz, per steamer Whitney, 1,275
WlLMrsGTON-To Queeustown, per bark Nestor, 1,680
1,680
West Point—To Ghent, per steamer Hortou, 5,053
5,053
906
Mewpokt Ni;ws— To Liverpool, per
906
Boston— To Liverjiool, per steamers Bostoniau, 1,916
Cephalonia, 1,151... Iowa, 1,701
4,768
To Yarmouth, per steamer Dominion, 68
68
Baltimoke— To Liverpool, per steamer Baltimore, 4,054
4,054
To Antwerp, per steamer Mareca, 870
870
PHn.ADEi.rHiA— To Liverpool, per steamer British King, 793
793
To Antwerp, per steamer Indiana, 1,306
1,306
Total
I49,b58

—

,

[Vol.
Jan. 25.

Sales of the

week

65,000
2,000
4,000
54,000
7,000
97,000
706,000
580,000
96,000
89,000
171,000:

bales

Of which exporters took
Of which speculators took...
Sales American
Actual export

Forwarded
Total stock— Estimated
Of wiileh American— Estlm'd
Total Import of the

week

Of which American

mount aUoat
Of which American

135.0001

;

XLVin.

Feb. 1

Feb. 8.

49,000
2,000
2,000
42,000
12,000
84,000
685,000
554,000
78,000
50,000
207,000
156,000

73,000
2,000
3,000
61,000
6,000
69,000
691,000
558,000
81,000
63,000
229,000
161,000

Feb. 15.

51,000
2,000
2,000
44,000
9,000
75,000
733.000
587.000
126,000
97,000
231,000
156,000

market for spots and futures each
day of the week ending Feb. 15 and the daily closing prices
of spot cotton, have been as follows

The tone

of the Liverpool

:

Saturday Monday. Tuetday.

Bpoi.

Market,
12:30 P.M.

I

n buyers' In buyers'

Future*.

Market,
4 P.M.

Friday.

Qntet.

BteadT.

Barely
supported

5»ie

5»ia

59ie

59,8

9,000
1,000

10,000
1,000

10,000
1,000

8,000

8,000

7,000
1,000

500

500

St
1-84 dec.

Qnlet at

Qnlet at

Easy at

Onlet at

Steady at

partially
1-S4 dec.

1-64 de-

1-64 de-

1-64 de-

cllDe.

cline.

oUne.

partlallT
1-64 dec.

Very

Qnlet.

Barely

Quiet and

steady.

steady.

Steady
}

bH

5=8

& exp.

Market,
12:30 P.M.

Thurtd'y.

\

Mld.Upl'ds.
Sales
Spec.

favor.

faTor.

"Wednet.
In buyers'
favor.

^
l

steady.

Firm.

Very
steaay.

\

The opening, highest, lowest and closing prices of futures at
Liverpool for each day are given below. Prices are on the
basis of Uplands, Low Middling clause, unless otherwise stated.
17* The price* art given in pence and 6Uht thui : 5 63 means
5 63 64d., and 6 01 meant 6 l-64d.
nion., Feb. 11.

Sat., Feb. 9.

Open Biah Low. OlM
d.

February... 637
Feb. -March 8 87
5 36
Mar.-April

Jane-July.. 6 37
July- Aug... 638
Aug.-Sept. 8 36

535

September

Open B*Oh Low. CUa. Open Bigh IM*. CIM.

A.

d.

d.

d.

6 3S
5 37

5 37
5 37
5 36
5 36

6 38
5 37
5 36

5 85

6.'!6

5 36
5 37

636

AprU-May.. 538 886
May-Jnne. 5 36 836

637 5 37
6:8 538
5 36
6 36

5 35
8 38

Taec, Feb. 12.

d.

d.

d.

536 6 30

5 36

6 36

5 35
5 31
5 34

636
536

534 538
5 34 5S4
534 534

536

6 83
6 36

5 35

5 35

536

5 36
6 34
5 34

6 34

534

5 36

5 34
5 34
6 31

84
35
38
33
6 38

5
5
5
5

5 35
5 36
6 34
5 84

d.

d.

d.

6 37 5 37 636
636 688 5 35
5 85 535 684
5 84
5 81

5 35
6 36
6 84
5 84

6 85

8 34

535 6 34
836 536
6 87 586
634 8 38
534 6 33

d.

638
635
684
534
634
636
588
534
684

1

Wedneo., Fcb.13.
Open Hied Low.
d.

Feliruary... 5 85
Feb.- March 5.S4
Mar.-Apill. 5 33

5 33

Open High Low. CO..

Low.

CtoJ.

d.

d.

d.

d.

d.

d.

d.

d.

d.

5 35
8 34
6 83

6 35
5 34
6 33
6 33
6 33
8 34

6 35
6 34
8 38
5 33

536

6S6

a 36
5 35
5 84
6 34

5 98
5r-6

6 34

8.14

885 536

6 37
6 31
5 85
6 35
5 35
5 36
6 87
5 34
5 31

6 36
5 35
5 31

633

6 37
5 86
6 35
5 35
6 35

5 35
5 36

6 35

533 533
May-June.. 583 833
Jane-July.. 534 634

September

FrI., Feb. 15.

(L

April-May..

Jnly-Ang... 6 35
AUK.-Sept.. 533

Tbnr*., Feb. 14.

6 36
5 33
5 33

CIO». \ovtn BUfii

536 5 35
5 32 533
5 3i 633

8 36
8 34
5 84

5 36

5 37

6 86
5 .84
6 84
5 34
5 33
6 36
6 33

533 684
633 6 34 633

1

8 34

8 34
584
634 6 84 634

8 85
6 38

6 38

633 584 6 £8
53:3 884 638

d.

838
68S
684
534
534
63S
588
684

BM

The

particulars of these shipments, arranged in our usua'
form, are as follows
Ohenl, Barcttona,

ICdam

Hull,

Brem.it and Genoa Y.Orvz
Liver- don,
Ham- Ant- and and Tardc. Havre,
burg. Keip. Odessa, mouth. Total,
pool.
23,729 1,336 1,466 3,393 3,468
33,392
48.566
4,200
5-.!,766
6,933
791
7,724
5,067
16,359
21.426
13,577
1,275 14,852
1,680
1,680
... 5,053
5,053

Lon-

Hew York..
N. Orleans .
Brunswick

.

Charleston
Galveston..
Wilniingt'n

West Point

9C6
68

870
103,326 3,016

6,533

Cotton freights the past
Salur.

Uverpool, steam d.
DovlaQl'sg'w.rf.

Havre, steam

Do
Do

Hon,

"u

l».4

....

»18®''32

e.

iBjj'aia

c.

....

«•>.

c.

Hi

"«

via Lelthd.

....

....

sail

Bremen, steam

4,184 10,697 20,759

week have been

Ifi

Tuei.

1,343 149.858

as follows

:

WedneM. TAurj.

15m
"m
8H®'33 '16»'S2

hi
=,«

tiicts

are

still

FH.
.

'JS
=16

^

13

ifl

H

hi

>a

^

^

....

favorable.

BREADSTUFF S.

4,836
4,924
2,099

1,306
Total

&

Co.'s
East India Crop.— From Messrs. Gaddum^Bythell
cotton report, dated Bombay, Jan. 11, we have the lollowing
During the week business on the part of cxpoiters has been of a desultory kind, and although mills have been liuylng steadily daily, and
belter advices coming Irom the iiome markets, the large arrivals ol
Oomra prevented any decided advance in rates of this description.
Bengals have advanced 3 to 4 rupees per candy, ami a deal of " forward" speculative bueines.s by natives has been done at the advanced
rate. At the Oomra markets receipts coniiuue large, and supplies are
also increasing In the Broach districts, but the latter crop is still suffering from want of dew. Keports from the Uharwar and Western dla-

Fbidat. p. M., Feb. 15, 1889.

market has been at times more active in the past
week. Not only were regular dealers free buyers, but the expoit demand showed an important increase, something being
done for Europe. Prices, however, show no general improvement. On Tuesday, however, in sympathy with the decided
advance which then took place in wheat, holders were in
many cases able to obtain 5@103. per bbl. mire money than
they had been able to do for a considerable time. Corn meal

The

flour

has favored buyers, selling at $3 90 for the best grades. Today the whole market was firm, with a fair demand.
Amat'd'm, steam. c. 52V
8213*
52V 52
52
52
The wheat market has shown an unusually wide range of
Do via London.d.
--..
....
values, and the speculation has at times reached a stage of
Beval, steam
d. »8a®»ie »3j®B,4 »32®!,e »33®Sl«
^16
^18
It began with
excitement that has been rarely equaled.
Do sail
d.
....
•••
....
Baroelona.eteam d.
»8
3e
%
%
H
H rumors of business for export, which caused renewed conCtonoa, steam., .d.
»is
»16
»16
'le
»18
"18
fidence that prices were not likely to go any lower at present,
Trieste, steam... d.
38
38
^8
38
^8
%
and in the anxiety to cover contracts prices were forced up
I4
Antweni. t«renm ti.\
'm
'SQ
'sa
''sa
_
Vi
until they wtre about 6 cents a bushel above the lowest figures
early in the month. This was on Tuesday. Wednesday and
LivKHioou—By cable from Liverpool we have the follow- Thursday saw a steady decline, undtr selling to realize, caused'
ing statement of the week's sales, stccks, &c, at that port. by the check which thef^higher pricesjput upon the regular:
la

Do via London.d.

....

>«

•

...

ig

>s

V

V

^

^

V

•

1

I

.

Febrcabt

THE CHRONICLE

18, 1889.]

To-day, on a demand to co7er ooncrttoca, prio«8 of
futures recoT. red about one cent a bushel, but the cloee waa

229

trade.
dull.

DAILT 0LO8DIO PBIOBS OF HO. 2 KBD WINTKB WHEAT.
Hon.
Sat.
Tite$.
Wed. TKur$.
Febniivry delivery
Moreti delivery

o.
o.
April lU'llvery
o.
May delivery
c.
Jane «lellrery.........-.o.
.July delivery
o.
Deccmbor delivery
o.

S53b
W<<i

97I4
98>4

97%

....

99

1

99I4

98%
99%

OCg

1 02'4

9ti

97%

97

99

98%

99ig
99'8

1 OO^i

102'a lOOifl

98%

97%

97
98

9651

101

10114

MH
96

fri.

1

97%

96=8
96
97>«
gS's
97''a
Indian corn futures opened the week depressed and unsettled, and a feature in the regular trade was the almost total
suspension of the export demand. The market became quite
unsettled, with the different deliveries varying; somewhat irregularly.
But yesterday the export demand was active,
and to-day futures developed renewed speculative interest,
but prices are still irregular. Prime qualities of Western
mixed and white have brought full prices when offered, and
the sales latterly include a considerable parcel of choice
Southern white of the variety known as " horsetooth " at

The whole market

56i^c.

closes firm.

DAILT OLOSDIO PRICES OP NO. 2 MIXED COHN.
Mon.
Sat.
Tuet.
Wed. Thuri.
Fri.
February delivery
0.
43%
4359
-...
44
43%
44I4
44I4
March delivery
0.
4418
44
44%
44
April delivery
.....0. 43%
43%
43%
44
43%
43°a
May delivery
..0. 43>4
43
43%
43%
43%
43%
June delivery
c.
43^
43<>8
43%
4414
Oats were dull and depressed. The local trade was exceedingly dull, and there is no export inquiry for this staple. Today, however, there is more steadiness, but only a moderate
degree of activity.
DAILY OLOSINO PBIOES OF NO. 2 MIXED OATS.
Febniary delivery

March delivery

Bat.

iron.

Tue».

o.

30%
31

30=8
31

30%

o.
o.

delivery
32%
32%
Kye and buckwheat have further

May

Wed.

Thuri.

Fri.

....

30%
31%

SO^g
31^4
3214

31%
32%

31

32

32ifl

declined, but close steady.
Barley is also lower, but at a reduction some large transactions
are reported.
The following are the closing quotations:

FLOUB
Pine
V bbl. $2 253$2
Saperflne
2 653 3
Spring wheat extras. 3 303 3
Htnn. clear and atia't. 4 303 5
WlnterBhlnp'i^eztras. 3 403 3
Winter
and XXX. 4 00 a 5
Patents
5 503 6
Boathem snpers
3 003 3
Boath'n ooaa. extras.. 3 503 4

XX

85 Soathera bakers' and
40
family brands
75 Rye flour, superfine..
75
Fine
85 Oom meal50
Western, Ao
85
Brandywlne
_
45 Buckwheat flour, per
00
lOOlbs

$4 253 5 00
3
2

003
503

3 15
2 75

2 703 2 90

90»

2

...

2053 210

OKAn.
Waeat—

c.

ijprln);, per bush...
Spring No. 2....^.1
Bed winter N0.2...
Bed winter
White
Corn— West'n mixed.
iVe8t'nuilxedNo.2.
Steamer .>o. 2
Western yoUow....
Western white
Southern white

Rye—

c.

90 «I 25
07 -31 10
07 9 99

0.

Western
» bn.
State&Jersey
White
No. 2 mixed
No. 2 white

41
41

3
»
3

„

Oats— Mixed

3105
3105
39 3 45%
4i%3 45
4II43 42%
88

90

Barley— C'nada No.l

Canada Xo. 2
Two-rowed State..

46
46

53
55
29
31

Six-rowed State....
to

market

is

0.

55

57
32
39

30%3 31%
33%3 34%
80 3 83
75 3 78

Buckwheat

The movement of breadstuffs

3
a
a
3

72
73
55

3 74

-3
-a

75
58

indicated in the

statement below, prepared by us from the figures of the New
York Produce Exchange. We first give the receipts at Western lake and river ports, arranged so as to present the com
parative movemeni for the week ending February 9, 1869.
tUceieU ot—

ifUmr.

iVruMt.

Corti.

BW».19Blb» Buiih.eo lbt\ Biuh.5H lb.

OhloaKO
Mllwankee..
Dalath
MtnneapoltF.
Toledo
Datrolt
Glsveland.
St. Louis
Peoria
rot.wk.

S8,S85

77.225
103,904

61.590

2.614

15.410

2.109
5.147

17,226
32,367
76,196
30,000

16.971
1,102

Hy6

BuBh.4HU>. Bu. 68 Ih,
880,400
310,033
25.992
38,000
100,000
5.800

70,538
148,723
16,227

2,634
28,926

1,873,855

280,075
203,000

337,000

19,530

139.227
191.861
aol,087

3.241,140
1,789.405

1,247,566

1.245.216
1,338.135

1,240,316

791,108

5.64B.700

67,990.291

'f».

.

1,242,607

Barin-

Bu»t32 Ibn

3811,600

Samewk.'HB.
iMlinewk.W
Since Aug. 1.
UfcT-H

88.081

1(<,805

.

1*8-9

80,5W

UilU,

823,009

1„311,763

485
10,969
80,955

711
1,100

32,40<

10,450

682,027
474.423
425,429

44,318
44,339
19,792
8.939,912

69.045,137
50,351,715

50,198,583
41,545,832

19,750,648

76,661,001

18,166,300

1,405,880

8.080.185

65.1i;8.292

62,528,4o«

;1ll,704,a'54

16,8«6,'.!01

1,453,9«0

The visible supply of grcuu, compnoiug taostocKo
at the principal points of accumulation
at lake and
ports, and in transit by water, February
9, 1889 :

m ^raiiaiy

In store at -

Oo

afloat

Albany
Bnflalo
Do afloat
ObioajKO
Do afloat

Wheat,
bush.

8,549,627
97..500

1,000
2,990,184
I,419,9li3

Milwaukee
Dnlutn

1,46.5.974

Toledo

I,7ii8.0.il

851,474

Detroit
796,1)95
Oswego*...,,,,.,,
Louis
2,890,968
Uinoinnatl
61,000

St.

5"«»on

2»onto
"oBtreal

36,651
125,089
479,644

Com,
Oau,
buih.
busk.
2,690,177 1,724,250
74,100
65,300
42,500 114,900
150,309
33,703
28,000
2,613.368 3,512,068
270,583
20,840
21,609
8,612
41,404
337,411
56,265
218,855
36,326
50,000
4,229,808 583,561
20,000
20,000
200,064 583,034
38,074

40,!

'

seatjoaid
Barleu,

133,158
24,000
40,500
71,857

bush.
182,281
50,000
85,000
399,507

SSiiOTiJ

195,572

249,737

216,824

biish.

40,912
8,174

47,42.'>

350.0<HJ

84.453
63,000
2,043

181,658
99,000
31,785
225,295
53,937

Oatt,

SaHeif

butk.

bttsh.

180,902
427,020
62,854
237,308
99,348
146,838

{

fruM.

frtwA.

0.\439
7,343
10,060
18,161

116.521

64,665

Feb. 9, "89. 34,190.376 14.035.108 8,079,929 1,897,916 2.2.16,805
Feb. 2, '89. 34,874,338 13,323,294 8.004.816 1.698,091 2.384.180
Feb. 11, '88. 40,387,617 8,1.19,156 5.181,537 301,2^3 2.803.169
Feb. 12. '87. 61.322..543 16.824.701 4,964,720 438.730 2,121,743
Feb. 13, '86. 53,565,170 8,177,003 1,861,362 700,162 1,639,410

Last week's stocks

:

this week's not received.

THE DRY GOODS TRADE.
New

Tohk. Friday

P. M.,

February 15, 1889.

The week under review has developed a much more active
business in all departments of the jobbing trade, and while
very low and unremunerative prices were occasionally named
by local jobbers in order to meet the "cut rates" of their
Western competitors, the general results of the week's traffic
were fairly satisfactory, and the outlook for a good healthy
ppring trade has materially improved within the past few days.
At first hands the demand for staple cotton goods and prints
was comparatively light, but a fairly good business was done
in printed and woven fancy cotton dress faoricn, anl there
was a liberal movement in white goods, quilts, cotton underwear, etc., on account of former transactions. The market
for domestic woolens adapted to men's wear has shown more
animation, and vtry fair orders for heavy descriptions were
placed by manufaciuring clothiers. Foreign goods were distributed in liberal quantities by importers, and the jobbing
trade in some descriptions was decidedly more active than of
late.

DoMBSTic Cotton Goods.— The exports of cotton goods from
week ending Feb. 12 were 2,440 packages,

this port for the
valued at |157,.576.

These shipments include 918 to China,
870 to South America, 151 to Central America, 149 to the West
Indies, 83 to Mexico, 65 to Smyrna, 49 to Antwerp, 28 to Great
Britain, 28 to British North America, 36 to British Guiana, 23
to Trieste, 15 to Germany, 15 to Africa, and 33 to all other
countries. Since January 1 the exports aggregate 17,633p>ckages, valued at $1,016,687. Of this total South America has
nad 5,652 packages, covering a value of $369,091, and to China
the shipments have been 4,972 packages, valued at $314,007.
For the similar period of 1888 the exports to all ports reacied
33,637 packages, valued at |1,.S14,193, China taking 10,536
packages of the value of $491,495, while South America ha 1
3,457 packages, valued at *336,096, The shipments for the
corresponding time in 1877 ware 23 845 package's and in 1886
reached 26,936 packages. The jobbing trade in staple co^.ton
goods was irregular, but a large business was done in some
descriptions of bleached cottons, ticks, &o., by means of low
" cut prices," wbile a very fair distribution of other fabric^
was made in the regular way. The demand for plain and

colored cottons by wholesale buyers was only moderate, but
stocks are so well in hand aa a rule that prices are steadily
maintained by the mill agents. Print cloths have relapsed
into a quiet condition after a period of exceptional activity,
and prices have slightly declined at the manufacturing centres, extra 64x64 spots and near futures closing at 4c.,
and 56x60 spots at 3 9-16c.. while contracts for later delivery
were made at still lower figures. Stocks last Saturday, and
for the three previous years, were as follows :
^SS",.».•,«,..
c
Slockof
Pnnt Cloths—
Feb. 9.
Held by Providence manuf rers. None.
Fall River manufacturers
None.
Providence speculators
None.
Outside speculators (est)
None.
Total stock (pieces)

17,620

8.740.S2J*

New York

Peoria
Indianapolis..
Kansas City..
Baltliuore ..,
Mlnneaiiolls

Tot.
Tot.
Tot.
Tit.
Tot.

Oom,

403.558
316,566
137,872
140,1208
319.236
27,000
203.568
184,550
1,239,279 2,211,597
7,032,793
2,156
290,000
188,133

Paul
99% 9t
00>4 On Mississippi

lOO'g

96%

96%

WHisI,
Imth.

In store at—
PhiladelpUa

None.

l^SS.

1887.

1886.

F<5. 11.

Fe6. 12.

Feb. 13,

None.
2,000
None.
5,0u0

20,000
49,000
50,000
15,000

93,000
57,000
256,000
So.OOO

7,000

143,000

435,000

Fancy prints continued dull in first hands, but there was a
good steady business in printed sateens, chall es, lawns,
foulards, &c. and fine ginghams, seersuckers, &c. were freely
distributed, while there was an active movement in white
goods and quilts on account of back orders.
Domestic Woolen Goods.— There wan a fairly active underline in the market for men'd-wear woolens, the presence in
the market of a large foroe of out-of-town clothiers having
contributed to this result. The demand for heavy clothing
woolens was somewhat irregular, but prices ruled firm on
nfarly all descriptions. Fancy worsted suitings and trouserings, also piece-dyed and undressed worsteds were in good request, but there was an irregular demand for wool, uniju ind
cotton- warp cassimerts.
Overcoatings were less activv".han
of late, but agents continued to make liberal deliveries on
account of back orders. Satinets and doeskin jeans were iu
light demand and fairly active in movement, and there was a
,

,

moderate hand-to-month business in flannels and blankets,
while soft-wool and worsted dress fabrics were distributed
with considerable freedom by agents and jobbers.
Foreign Dry Goods.— Che market for foreign goods
has displayed more activity and a very fair busintss in staple
goods, and fancy fabVics adapted to the spring trade was done
by importers and leading jobbers. Prices for moat kinds of
impartial goods are firmly maintained here and at the sources
of supply abroad, and some descriptions of silks, linen goo 1b,
ribbons, hosiery, etc., are held at a slight advance upon last
yeai'g quotations.

:

THE CHRONICLE.

230

fvou

^tuatictal.

©anafllau and Woviiea gatilig ku& ^woiksxB,
FOREION.
CANADIAN.

CoNitAD N. Jordan

F.

BliANKINHORM,
Cashier.

President,

CHARLB8

CANDA,

J.

H. A. BHITH,
Aaslstant Cashier.

Vlce-Pre«t.

THE

Bank of Montreal.
[I8TABLISHZD

CAPITAL, Paid

In

BDRPLCS

•

Hon.

-

DONALD

Bir

W

SMITH,

OF THK

WALTIK WATSON, }-a«enM.
>i-„t.
ALKX'B LANO,
BflT and »eir Sterling and Continental Exotange
•nd Cable Transfers grant Commercial and Trarel'"' Credits, arallable In any part of the World!
Issne drafts on, and make collections In, Cblcago
and thronghont the Dominion of Canada.
;

London

Oflicea

No. 99 Abctanrcta Lane.

Imperial

Bank

SURPLUS
H.

8.

of Canada.

HOWLAND,

BEAD
IngerBOll,

of Trait«e

Company ondertakM the bmalnMi

THE NATIONAL PROVINCIAL BANK
> London.
OF ENGLAND (Limited,)
THE UNION BANK OF LONDON (L'd),)
J

Loam of approTed BallwaTii Degotlatw and
imei Loani on the London Market, acta ai Agent for
to

In the

lumwaTi and other Corporations, either

HEINE

Falls.

Centre. Fergus,
Port Colborne, St.

St.

St. Br.),

IN

NoKTHWKaT— Winnipeg, Brandon,

BRANcnKS

Calgary, and Portane la Prairie.

Agents

in

Lioudoa:

Lloyd's Barnett's

&

,

,

made In any part of Canada.
Exchaace.

Collections promptly

Drawers

Agents In New York
BANE OF MONTRKAU

Bos-

ananet's Bank, limited.

ol Sterling

AGENCY OF THE

Bank
OF

British

North America.

No. 63

VrALL STREET.

Buy and

sell Sterling Exchange and Cable TransIssue demand drafts on Scotland and Ireland;
on Canada, British Columbia and San Fran-

Qlsco.

CIRCULAR NOTES Issued In Pounds Stertt'C world. <'OM.
ilP&.J''"'"'''''* '" "11
MERCIAL CKEDiTS of
ISSUED for use in
Europe,
.

fiai'ts

China, Japan. East and West Indies and
the Brazils, Kirer Plate, &c.
Bills collected and other banking business transftotea.

MrTAVISH.)(Agents.
. „ ,
H. 8T1KEMAN.
D. A.

i,

CO.,

Paris.

JOHANN QOLL & 80BHNB,|

mat-

*''"'^'j5n""'°"

BLKIOHROEDBR, Berlin.
DBUTSCH 8CH WE1ZERI8CHB CBBD- >JSt.
a, f
•_I|
Uall.
IT BAN If.
8.

paymenta of interest on Loans. Dlrldends on

or Registration of Stocks In London, or otherwise.

BliANKENHORN, Cashier.
THE
Assets State Debenture Co.,
42 NEW^ SXREET, NEW YORK.
F.

Oable Address-PATT.

LovDOK.

OFFICE, TORONTO.

Niagara

DRAWN ON

BILLS
Thla

8L, 300,000
600.000
R. MBRBITT, V.-P:

Thomas, Toronto {Yonge
Welland, Woodstoch.

Calhariues,

also

Stcrlins*

-

Branches in Ontario.— Essex

fers.

Orders for purchase or sale of seourltlM wUl
receive careful attention.
Foreign Exchange bought and sold. Facilities for
keeping accounts In Sterling Exchange, subject to
draft In kind, will be afforded. The methods of recelflng sQcb deposits and making payment against
them win be subject to arrangement.

Pres't.
T.
D. K. WII-KIB, Cashier.

Jalt,

«.1..'J00,00n

Accounts respectfully solicited. Interest allowed
on deposits of Banks and Bankers. The osoal
banking facilities extended to customers.

BIJII.DINOS

Capiua Paia Up, iB9Tl|S«0

......
-

CAPITA!*

LONDON, ENGLAND.

ter of

CAPITAL, (paldnp)

BANK

ll«. 4

Preildent.

J.

NEW YORK.

CITY OF

(LIMITBD),

BUCHANAN, General Manwei.
NEW TOBS ornCE:
S9 A 61 XTAIaIi street,

Ifos.

The Western National Bank

Railway Share Trust Co.

1818.]

'SI'AOOO.OOU eold
- 86,000,000 Gold

A.

xLvm.

American Railway Shares.

J.

he Directors are prepared to purchase, for cash
assete of Insolvent estates, and to make advances
on approved securities.
Bankers, Lawyers, Executors and Trustees will
find the Company an advantageous medium for the
prompt disposal of assets of every description.
The Directors are also ready to undertake the

dividends tn London, and combines the English
voting power. The original American shares will
be delivered with transfers duly endorsed.
The Association also issues its Bearer Certificates, free of cost, countersigned by the London
& Westminster Bauli, l^iiiiited, against any shares
registered in the Association's name and lodged
with the Banfe. These certiHcates are exchangeable for the negotiable shares and are a great safeguard against fraud, as they are only issued
against veritied shares, and against theft, as they
are only good to the real owner, when he has attached his signature to the Certificate, as no other
person can obtain the surrender of the original

of estates or properties for minors,
non-residents or others, and to close and wind up

management
estates.

Prospectus

names and

collects dividends

SAMUEL POPE, Q. C,
JOSEPH PRICE,

may

be had on application.

Bank of

shares.
Fee, 3d. to 9d. per share, according to value,
which includes registration and insurance to and
from America. Full particulars may be obtained
at the offices of the Association.
The Association also obtains registration in own-

attorney.

8500,000

BLOODGOOD, President.
8BLWIN TAIT, General Manager,

U. K.

ceives Shares of American Railway Companies
fer registration in the name of the Association.
This registration' secures the prompt payment of

era'

...

Capital (Brat issue),

THE ENGLISH ASSOCIATION OF AMERICAN
BOND AND SHAREHOLDERS (LIMITED) re-

BufFalo,

BUFFALO,
e. 8. JKWKTT, Pres't.

N. Y.

Wm. C. Corn well. Caah'r,

Capital ....9300,000 Hnrplos
S'J*'SO,000
This Bank has superior facilities for making Col.ections in and out of the city on the most liberal
terms, and with careful attention to the best Inter
I

by power of
Chairman.

Managing Director.

ests of its correspondentB.

T. LINDLEY. Becretary.
5 Great Winchester Street. London, E. C.

CoBKK8PONi>ENT8:— Importers' St Traders* NaBanl£ and Chemical National Bank. New
York; Merchants' Loan & Trust Co„ Chicago

tional

Union Bank of London. Londati

&

roBRioiv.

Heinemann

&

Blake, Boissevain
Co.,
LONDON, BNOL.AND.

OF

PUBLIC ACCOUNTANTS

NeBotlate Railway, State and

Co.,

City loans.
Execute orders for Bonds, Shares, eto., on Com
mission, and transact a general Banking and
Commission Business.
Speetal attention given to the execntlon of
orders for Securities on the New York, Lon-

62 Gresham House, £; C,

LONDON.

don and Amsterdam Bzohangea,
pondence with

Sellelt accounts and agenolee of Banks, Rallwayi
Corporations, Firms and Indlrldnals upon
farorable terms; also orders for the pur-

ehaae and sale of Bonds, Shares, Ac., Ao, on
the Stock Exchange.
iBMraat allowed on Deposits, subleot to eO-dayi
light drafta, at

American Association

6

Naasau

38 State

Street,

Street,

Bank

of England rat*, and
one per eent below that rata inbjMt

demand drafts.
Nesorlntr Railway, State and City Loans.

associate into a Society ur Guild, the best and
most capable Puhlic Accountants practicing In
the United Slates, and through such Association to
elevate the profession of Public Accountants, as ^
»hole,and demonstrate their usefulness by compelling an examination as to htness, and the observ.
ance of strict rules of conduct as a condition of

In corres-

BROTHERS &

BL,AKE

Incorporated August 30, 1$*87, Under the
Laws and 8tatutrs ol the Htate et
Mew York,
The business and objects of this Society are to

CO.,

New York,

Boston,

membership.

Illaaa,

ADOLPH BOISSEVAIN

A.

Sec—JAMES T. ANYON. New York.
Treas.— WM. U. VEYSKY, New

CO.
James

T. Anyon. N. Y.
Mark C. MIrIck, N. Y.
Louis M. Bergthell, N.Y. Rodney McLaughlin, Bosl.
William Calhoun, N.Y. C. H. W. Sibley, N.Y.
George H. Church, N.Y. William H. Veysey. N.Y.
John Heins.Phiiadelphia. Walter U. P. Veysey N.T.

The Bank of Australasia.
(Incorporated by Royal Charter, 1835.)

Keserre Fund, 1800.,.
Proprietors under the

.in!I*'K«1££'l'"S';'vf,'.;'^'*l.°«-

(T»'rS?"»U^,%^""^

•>'

„»™'.'?" "J '^'"'l" *"•"' "««« issued on any of the
nomerouj,
branches of the Bunk throughout Aiin
trallaand New Zealand. Bills nog." "fed
„> gent'
.Teleif »•'•"' fansfers made.
'"nf^' .".?'""•
Dep<>8lt» received In I.<,ndon kI
Interest for flxert

^r^r '*™-p"H5i5£A"i?irEi'sr£S-

Hong Kong &

MERCHANTS' NATIONAL BANK,

James Yalden, N.Y.

RICHinOND, yiROINIA.
Collections

made on

terms; prompt returns,

,„™
loHK

,>
IT.

all

FELLOWS

UJ, JHB ASSOCIATIOlf.
James T. Anyon, Louis M. Bergthell, Thomas
James Cox, William Calhoun, George H.
Church, C.W. Haskins. K. F. Muuro, Mark C. Mirick.
C. H. W. Sibley, Henry M. Tate, William II. Veysey.
Walter H. P. Veysey, James Yalden, New York
Richard F. Stevens, Jersey City, N. J.; Horace D
Bradbury. Rodney McLaughlin, Henry A. Piper'
Boston, Mass.; John W. Francis, John Helns, Henry
Kelly, PhUadelphia, Pa.; Brio M. Noble, WashingI

Southern points on best

JOHN P. flRANOH,
„
Ol.IXN. Cash. FBJin

Bagot,

E>re8ldent.

B.sriiTT. Vloe-Pn-8.

BRANCH &

TH01MA8
CO.,
BANKERS AND COMMISSION MERCHANTS,
RICHMOND, VIROINIA.

ton, D. C.

In'o.'Tnatlon on funding the debu of
?1?
North Carolina free of cost; one^lghth
Ll'^S''! *",?
'«" '""OinK. Southern Railroad
SSrt
a,-,."?^?^".
and state
and City

OOlcesat the Association, No, l'i» BroadRoom SI (6th Floor), New York City

irli!!i'"j'''"

Shanghai

BANKIIfO CORP4»aATION
K^-,^Sft1.r.-.-.::.-.";.-.v.7
lleserre Liability of Proprleto™::""

»!'S8-2S2

7Wooo

way,

Bonds bought and sold.

C.

W.

Branch

&

WILLIAM

Co.,

K^^S^'ng with Washington. BaltlNew Tor*, Bosten and Chlcaco,

.^'mfiTI'iJf
•ore,
Philadelphia,

Boston,

Books and accounts audited and adjusted.
Settlement of insolvent estates on behalf o(

RIOBinoilD, VA.
St.

St.,

ACCOUNTANT.

Btati Bank buhjiih*,

« TOWNHeND,|Agent, 50maU

FRAi\liXl.\ HALL.,

244 Washiugtou

BANKBBB AND BROKBBf,

4.

York.

COUNCIL,.

Amjterdam, Holland.

No. 4 Threndneedle Street. London.

OFFICERSi

President—JAMBS YALDEN, New York.
Vlce-1'res.-JOHN IIEINS. Philadelphia.

AND

•redltors carefully arranged.
i

•

NOTARY PUBLIC.