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JO.,
AND
HUNT'S
MERCHANTS’
%
REPRESENTING THE
§UWsqraprV,
INDUSTRIAL AND
YOL. 46.
MAGAZINE,
COMMERCIAL INTERESTS OP THE
SATURDAY, FEBRUARY 25, 1888.
CONTENTS.
237
238
* 210
In¬
The Financial Si! nation
The Fisheries Settlement
Railroads in the General
dustrial Stiuggle
240
The
Burlington & Quincy
Statement
THE
Seaboard Grain
Monetary
and
English News
Receipts
j
242
Commercial
change, U. States Securith
s,
State and Railroad Bonds
and Sti cks
246
Rai^e in Prices at the New
Yoik Stock Exchange
247
share*.'
bales.]
bushels.) |
bbls.] I
(Cotton
(Grain
(Petroleum
......
24^
Portland
249
250
251
Worcester
i
!
8Dr»ngfleld
Lowell
|
Subscription—Payable in Advance
Chicago
:
Cincinnati
Milwaukee
Detroit
$10 20
6 10
11 28
European Subscription (including p stage)
Annual subscription in London (including postage)
do
£2 7s.
......
£1 8s.
Subscriptions will he continued until definitely ordered stopped.
The
publishers cannot be responsible for remittances unless made by drafts
or Post Olfice Money Orders.
These prices include the Investors’ Supplement, of 120 pages
it-sued once in two months, and furnished without extra charge to
subscribers of the Chronicl e.
a tile cover is furnished at 50 cents;
postage on
cents. Volumes bound for subscribers at $1 00.
the
same
is 18
at Is. each.
..
(
WILLIAM B.
JOHN G. FLO-ID.
.
* CO., Publisher*,
)
’fiox
pOST OFF,CK
'
HOUSE
t‘*
There is
.
.
*
(-65-9)
1+ 83"5)
(-10 6)
(- 53 0)
848,S( 0
—25
908.297
+ 1.V 7
-t 36 6
i 30 9
870,780
1,041,017
78\69S
527,281
8an Francisco
-f 6-6
-t7‘6
-+2*7
-14T
358.
—15
+30 9
*t 6 9
-
1,065,104
537,080
92,876,057
4P2
92,892,638
4 6 4
-2 “2
—1-6
+ 17 6
52.809,235
K',719.505
+14-2
10,78 i,875
8 7
10,423,807
-2*4
77,545.425
78,301,462
—10
74,012,547
+0*3
51.943,646
48,197.946
11,881.750
3,154.( 52
3.512,58 i
1,242.182
.‘’,114,('75
1, (44,181
965,905
4-7*8
51.819,905
—18-8
10,919,300
4,052.071
+15*5,
+2*2
558,897
081,078
1,019.037
236,547
Memphis
-j 5 3
82,059,448
4,748,900
1,637,474
1.065,495
57,734,904
8.754.170
11,812.388
fc>t. JrauJ
Louisville
Kansas City
11
94,005,378
1.372,09.)
8t. Louis
St. Joseph
New Orleans
—
(55,316.625)
(16.132,000)
50.409.292
2,081,586
2, 91,259
2, 00,459
Topeka*
4 0*3
40J
1,724,705
1,058,820
2.154,019
Norfolk
RETURNS.
(783.437)
(685,4*10)
791,100
2.838,771
Total Southern
CLEARING
(-54 2
(-r 2.r3)
(-23-3,
(-5 4,
915.103
•
Indianapolis
Galveston
953.
-17*3
(1,516.198)
(267,700)
(40.019,1 CO)
4 A23.400
Cleveland
Total Western
Messrs Edwards & Smith, 1 Drapers’ Gardens. E. O., who will take
subscriptions and advertisements and supply single copies of the paper
550,270,538
82,436,596
Columbus
Peoria
Omaba
London Agents :
-17-3
5,013,000
l,7oo.207
1.097,583
827,285
9.042.350
Grand Rapids
Wichita
Duluth*
*
it
82.051,910
3,952.473
3,880,628
1,330,466
Minneapolis
P. Cent.
1888.
(26,448,000)
10.294,258
Baltimore
P. On 7.
637,961,508
721,8 9
Philadelphia
Pittsburg
For One Year (including postagt)
For Six Months
do.
*
(708,500)
,335.400)
)
New Haven
Total Middle
do
‘
Providence
Hartford
$lte Cltrmtklc.
do
Feb. 11.
End'Q
(30,094.685)
(25,0i6,000)
Boston
GAZETTE.
Prices of Active Bonds at N. Y.
Stock Exchange, and Range
since January 1, 1888
Prices of Inactive Bonds
Local Securities
It vestment andRailroadNews
Total New England...
SixMos.
$
527,254,0113
1
(Stocks
1887.
1888.
1
New York
Sales of—
243
Commercial and Miscellaneous
News....:
244
FANKERS’
Week
Ending Feb. IS.
[
241
Momy Market, F« reign Ex¬
NO. 1,183.
Week
THE CHRONICLE.
Clearing House Returns
Terms of
UNITED STATES,
—
411 4
410-5
447-4
-8‘8
+311
+42-2
+32*5
+90
+31 3
2,250,73*
2,728,442
1,752.577
«5,40n9n|fo
8UU.H2*
+40 9
1,505,254
-54 8
—o
t
-90
4 259
4,275,107
2,176.603
2,830.947
2,493,446
1,406,9-»0
2,851,* 36
3,180,6)36
2.595,870
+37-2
o,
-}-lo i>
+44-6
-21*6
+555
+54*7
+24-1
+11*7
511,842
7 51,? 89
+26-5
-47 0
1,204.621
200,008
90,457,051
86,102,403
+5J
93,468,800
+ 126
17.267,577
1,325,934
9,405.745
5,900.213
6,930.308
2,001,850
785,955
919,272
15,918,848
+8 5
1,164,618
9,21< ,670
5.319,986
+13 8
18,925,135
1,368.858
11,584,981
6.27 2,157
+133
4535
+146
+»’2
+2 1
+10-9
7,862.077
2.104.495
930,909
-11-8
112
—15 6
950,52*
-174
877,839
44-7
841.472
-81
2,>21,294
—
6.761,2*9
'•
-3*8-126
44,602,9 i9
43,000,807
42-3
48,808,849
+ 8*4
17,006,057
10,848,501
457 3
15,486.896
+47*1
SGO.932,093
949,096,858
-10 4
874.940,268
*
Total all
further
—9*a:
falling off in the volume of clearings this
Outside New York
323,077,430
3ll.735.b5oi
T~38
3<4.(
-tS-3
69,730
week, but it is wholly due to small speculation at New York,
the aggregate number of shares dealt in
Not included in totals.
being the smallest
for any full week since we began
The
returns of exchanges fpr the five days, as received
On the Boston
our record.
by
Stock Exchange transactions reached a much smaller total telegraph this evening, are given below, and
they cover on^y
than in the previous week, and yet the exchanges there record four business days, Washington’s
Birthday having intervened,.
a
slight increase. But, as a whole, the present exhibit is un¬ Contrasted with the five days of 1887, the total for the seven
satisfactory, not oniy compared with the previous week, but cities records a decline of 3 2 per cent. Our estimate for the
also with the week of last year. The New
England and Mid¬ full week ended February 25 indicates a decrease from a yeardle sections show some addition to the
figures of February 11, ago of about 1 ‘5 per cent. Messrs. R. G. Dun & Co, report*
but in the West and South this has been more than lost.
the number of failures for the week ended
to-night as 270>
Compared with the similar period of 1887 there is a loss in (237 in the United States and 33 in Canada), against 273 last,
the aggregate of 10*4 per cent, New York
recording a decline week and 209 for the same time a year ago.
of 17*3 per cent, and the
gain outside of New York reaching
Week Ending Feb. 25.
Week
a
*
-■
3‘8 per cent. Wichita continues to exhibit a decided decrease
from a year ago and the falling
off at Cincinnati, Galveston,
Kansas City and Memphis is quite marked. On the other
hand, there are some heavy percentages of excess, notably
San
Francisco, 57*3
cent; Indianapolis, 47*4 ; Pepria, 42*2 ;
Lowell, 36‘9; Springfield, 36 6 ; Omaha,
32m; Denver, 31*3, and Columbus, 31’1 percent.
Operations on the New York Stock Exchange for the week
embrace a market value of $38,518,000, which contrast with
Grand Rapids, 40*9
$71,590,000
per
;
for the similar period a year ago.
usual method of
Pursuing
our
deducting two-and-a-half times these values
from the New York totals, leaves as the
exchanges arising
through other business $430,959,663 and $459,986,508 respec¬
tively iui thp two years, or a loss of 6*3 per cent,
,
■
—
-■
End'Q Feb. 18.
Returns by Telegraph.
New York..
1888.
1887.
$ .>
374,384,578
*
P. Cent.
Baltimore.,
56,238,696
42,034,011
8.003,488
Chicago
40,777.000
St. Louis..
14,027,675
6,635,051
6,087,360
542,100,499
136,102,422
of Stock (shares)....
Boston
Philadelphia
New Orleans
Total, 5 days
Estimated 1 day
Total full week...
Balance Country*
.
Total week, all
*
For the full week, bas
(522,3441
P, Cent..
f
392,520,106
(1,013,824)
58,423,755
45,397,516
9,932,976
35,076,000
12,623,017
Sales
1888.
-4 6
(-50 0
-3-7
426,008,420
—21*7
(416,915)
(-66-8).
+0-7
-74
70,488,080
46,605,177
-19 4
8,756,849
—4 8
.
,
—10*2:
+163
43,391.000
+11*1
-J 9 0
14,414,158
8,345,769
560,060,770
139,900,401
-3 2
618,003,453
137,701,064
—15*&-
-2 7
678.202,921
88,423,142
699,901,171
77,840,063
—3*1
7C 5,710,517
-10 7
+13 6
95,221576
+10*4
766,626,063
777,807,234
850,932.093
-10*4-
oa last
week’
—1*5
turns,
+7*6
■«
+6*5+1*0
+7*4
ih\
m
THE
238
CHRONICLE.
The
THE FINANCIAL
There has
been
no
SITUATION.
essential charge in the rates
for
the past week.' On call, so far as expressed by
banker8, balances, the range has been from 2£ to 2 per
cent, averaging about 2£ per cent; banks are loaning on call
For time money loans are quoted at 4
cent for ninety days to four months and at 4-J to 5 per
per
cent.
cent for six months on
for the former
first-class collateral, and at 5 per cent
period and 5£ to 6 per cent for the latter on
good mixed collateral.
The demand is not urgent, but
fair inquiry, which is supplied mainly by our city
trust and insurance corporations and by some out-of-town
there is
a
France
has
also
gained £201,000 this
week.
money
at 3 to 4 per
Bank of
fVoL* XL'VI.
Our
foreign exchange market has been firm at an
pound sterling since our last.
upward movement began with 60-day bills, which
were in demand, and were marked up chiefly because of
the scarcity of commercial drafts ; on Thursday there was
a rise in short sterling influenced
as reported by dearer
money in London, and also by an inquiry to remit against
securities sg|} here for European account.
The indica¬
tions at the moment point to higher rates for sterling,
but the situation may be changed at any time by offerings
of bills by bankers on loans already negotiated but not
yet fully drawn against. That resource is, however, limited;
advance of half
a
cent per
The
supply.
e
demand from our city banks is limited, the most of them and ifavailed of would be soon exhausted; so that with
the trade movement against us the future of exchange must
having full lines and not being disposed to increase their
holdings; but there is a better inquiry from out of town> depend largely upon the demand in Europe during coming
weeks and months for our securities.
For a time that
chiefly from the East. Rates are 4-$@5 percent for 60 to f»0
demand has been very quiet, and tnis was due not only to
day endorsed bills receivable, 5@5£ per cent for four
the political situation on the Continent, but to the busi¬
months* acceptances, and
to 6 per cent for good single
ness and railroad situation here.
As soon as Congress
names having from four to six months to run.
The check which the previous two weeks have shown in takes any definite action as to taxes and surplus, so that
the net flow of money towards this city, added to the fact the future monetary prospects can be forecast with any
that surplus revenue by accumulating in Treasury vaults certainty, business ought to revive; and with the Reading
is again depleting the banks, while foreign exchange is strike settled and the rate war in the west arranged there
would seem to be nothing to prevent renewed confidence
gradually advancing, has tended to increase the conserva¬
tive feeling which has of late prevailed among bankers. in railroad properties. Even now the earnings that are
While desirous of advantageously employing the funds in coming in look much more favorable than the surroundings
their charge, they are indisposed to largely tie them up gave reason for anticipating. Still it is not of course expected
that we shall go through the spring without sending out
or
put them in a shape where they may be beyond
reach.
At the
same time,
unless business takes gold. The only question is how much of the current debt
shall we pay in that way and how much in securities.
a new start, we cannot, even with accumulations in the
The trade situation continues hopeful.
A cautious
Treasury progressing, see how the large amount of cur*
rency which
must still be afloat can find occupa¬ feeling, however, still prevail?, pending Congressional
tion through the summer.
This week the tendency action upon the surplus question. As far as the Reading
towards this city in the flow of money has reasserted strike (and the consequent high price for coal) has oper¬
ated to restrict trade, the resumption of work by the
itself, while the outflow has been stopped in good part,
miners marks a distinct step forward.
It is to be noted,
so that there is a considerable net increase on the interior
movement.
It should not be forgotten also that Congress too, that the dry goods trade, usually a good index of the
must—and can we not say will—provide a way for get¬ state of general business, is reported to be in splendid
ting out the surplus before it adjourns. At least the condition, especially, cotton goods, with the demand
active and stocks very small.
Indeed, it is a feature of
bond-purchase bill reported by Mr. Mills, of the Ways
the situation that notwithstanding the drawbacks existing
and Means Committee, is very sure to pass.
A feature in the London market this week has been a consumption continues active in nearly all departments o^
hardening in the open market rate of discount for 60 day trade. In some industries the producing capacity has
to 3 months bank bills.
The cable reports the rate at the temporarily outstripped the consumption, large though
close 2 per cent, against If last week.
This may be due the latter is, facilities for production having been greatly
to collections of the revenue, which at this period of the increased last year when the notion existed that there
was to be no limit to our future wants, but that is an evil
year absorb the market supplies of money to some
extent.
Possibly it may have had some connection with which is already working its own cure under the corrective
In the iron trade, where many of these
the announcement on the part of the Russian Finance of low prices.
conditions
prevail, the tone may be described as some,
Minister that immediate steps for the establishment of a
what
better, though still unsettled. It is commonly sup¬
metallic currency standard in that country were to be
taken and the reported order for “ extensive purchases posed that the effect of the settlement of the coal strike,
the resumption of work by many
of foreign gold.” If anything serious looking to that in permitting
down and thus
iron
furnaces
that
had
shut
end is really determined upon, it might have a very
important effect upon the world’s gold reserves not only increasing production, will have a further weaken
the market. But there is another
in its immediate influence, but in the more remote. Russia ing effect upon
side
to
the
question. With cheaper fuel and a more
could be a wonderful absorbent of the precious metals. The
United States made quite an impression on the accumu. satisfactory condition as to labor (for the effect of
lated hoards of gold when specie payments were first the failure of the Reading strike must be to deter
established here, and since then the net result has been laborers in other departments from repeating the experi¬
the retention of our own production and the drawing of ment)—with these changes as to labor and fuel, furnacesome portion of Europe’s supply.
Russia could not sup¬ men are in position to make closer calculations on their
port gold payments and do less. The open market dis¬ product, and this will be sure to invite orders from con¬
It would seem certain, too, that though railroad
count rate at Paris is 2£ per cent, the same as the bank sumers.
rate, while at Berlin and Frankfort it is If per cent. The construction this year will fall below last year, there is no
Bank of England reports a gain this week of £250,000 likelihood of any such decrease in that respect as many
bullion, all of which has kbeen drawn from the interior. look for. Indeed, we think it may be positively affirmed
institutions.
Commercial paper is in good
THE CHRONICLE
February 25, 18S8.J
239
that the total is not
going down to the low figures of 1884 and there is nothing at present to cloud the prospect
and 1885. • The South alone will build a great deal of there. The main
strength, however, lies in the fact that
additional mileage, many new projects there beiDg now stocks are
firmly held, and that there is no inclination on
pushed forward with great vigor. Another point should the part of holders to dispose of them at present figures.
not be overlooked, namely that to keep in order and Hence, even a
slight buying movement has the effect of
properly equip our present vast system of roads requires pushing prices upward. There has been no pronounced
a great deal of work, and this of itself will
keep many rise except in the specialties, but a gradual hardening of
industries active. We note one illustration this week, values such as has been in
progress for some time past. The
namely the Pennsylvania, which gave orders for 2,200 general public is doing nothing ; hence operations, as
cars and 70 of the largest locomotives—all in addition to
heretofore, are confined to the professional traders, thouga
the work goiDg on in its own shops.
there has also been some
covering of outsi audiDg short
It is a little too early yet to have a great many returns contracts.
Yesterday Western Union and other Gjuld stocks
of net earnirg8 for the month of January, but some of were a feature in the
morning at advancing prices.
those that have
come
in
are as
stated above better than
Lackawanna and the other coal stocks have remained
expected.
Out of fourteen roads that have reported, five firm, notwithstanding the settlement of the strike in the
Most of the Schuylkill region.
EarniDgs continue generally good
doiDg unusu. (even on the roads engaged in the rate war), and
ally well. There is no rate war in that section of the money continues easy. Foreign exchange, however, is
country, while there is considerable development goiDg on moving up, and the Treasury is taking large amounts
in manufacturing and general industry, and this of of money out of
the market.
course is reflected in the earnings of the railroads.
The
The
following statement, made up from returns collected
Central Railroad of Georgia, for instance, has increased by us, exhibits the week’s
receipts and shipments of cur¬
its gross from $522,091 to $668,998, and its net from
rency and gold by the New York banks.
$147,534 to $234,059, the increasein the latter bein^f over
Received by
Net Interior
Week ending February 24,1888.
Shipped by
58 per cent. The Richmond & West Point Terminal roads
N. Y. Banks. N. Y. Banks.
Movement.
have also furnished exhibits for January, and only two Currency
12,319,000
$774,000
Gain. $1,545,000
of the minor companies report losses in net, the Virginia Gold
205,000 Loss.
205,000
Total gold and legal tenders....
$2,319,000
$979,000 Gain. $1,340,000
Midland, the Richmond & Danville, the Charlotte Colum¬
The above shows the actual
bia & Augusta, and the Columbia & Greenville all
changes in the bank holdings
showing
of currency and gold caused
by this movement to and
gains. The Nashville Chattanooga & St. Louis figures,
from the interior. In addition to that movement the banks
published by us last week, also indicated a small increase.
have lost $3,300,000 through the
Outside of the Southern section, the Cincinnati
operations of the SubIndianap¬
olis St. Louis & Chicago, the Chicago St. Louis & Pitt-’, Treasury.
Adding that item to the above, we have the
burg, and the Keokuk & Western, exhibit diminished net, following, which should indicate the total loss to the New
but on the other hand the Baltimore & Potomac, the York Clearing House banks of currency and gold for the
Summit Branch and the Lykens Valley all show very week covered by the bank statement to be issued to-day.
considerable gains.
The Chicago & Northwestern has It is always to be remembered, however, that the bank
published its January gross. It shows a loss of $151,000, statement is a statement of averages for the week, whereas
but this is better than expected cons;deiing the rate war the figures below should reflect the actual change in the
condition of the banks as between
in progress and the bad weather which prevailed
Friday of last week
during
and
that month.
It may be said that current returns of gross
Friday of this week.
earniDgs from Jhat section are nearly all pretty good.
Week ending February 24,1888.
Into Banks. Out of Banks. Net Change in
For instance, the St. Paul shows an increase for the third
Bank Holdings,
Banks’ Interior Movement, as above
week and also the two preceding weeks of
#2,319,000
1979.000
Gain.. #1,340,000
February. In Sub-Treasury operations
2,700,000
Loss.. 3,300,000
0,0 J0.000
net the result may be different.
Taking earnings as a
Total void and lecul tenders
15.019,000
$8,979,000 Loss..11.960.000
whole, our statement on another page shows that 7 6 roads
The Bank of England gained £250,000 bullion dur¬
have reported for the second week of
February, and
though 21 of these have losses there is a gain in the ing the week, which represents the amount drawn from
the interior of Great Britain. The Bank of France
reports
aggregate equal to 5^ par cent over the same week last
an increase of
5,025,000 francs gold and of 3,475,000
year. For the third week there is a gain of 15£ per cent
francs silver, and the Bank of Germany, since the last
on
13 roads, four roads having fallen behind.
The
Northern Pacific makes an exceptionally good statement report, gained 12,920,000 marks. The following shows
the'amount of bullion in the principal European banks
for the third week, having increased its
earnings from this
week, and at the corresponding date last year.
$136,485 in 1887 to $254,319 in 1888.
On a slightly increased volume of business, the tend *
February 23, 1888.
February 24, 1887.
Banks of
ency of prices at the Stock Exchange this week has been
Gold.
Total.
Gold.
Silver.
lotal.
| Silver.
show diminished net, and nine an increase.
returns are from Southern roads, which are
...
upward. There have been one or two favorable features
general importance. The Reading strike has termin¬
ated, and the miners have resumed work. In the North¬
west, the rate war still goes on with unabated vigor, but
there have been a number of committee meetings
with a
View to settling it up, and the general
impression is that a
basis of agreement will soon be reached. It is this belief
which has helped give tone to the market.
However,
bullion In the Bank of
the rise
the best estimate
of
began with Southern stocks, though it subse¬
quently extended to the rest of the market. Richmond
& West Point Terminal
preferred especially scored a
large advance. Southern securities possess this advan¬
tage, that earnings in that section are unusually good,
£
England
France
Germany....*
Aust.-llung’y
Netherlands..
Nat.Belgium*
National Italy
Tot. this week
Tot.prev.w’k.
*
£
22,376.885
44.713.568! 47,790,102
21,857,200 19,382,800
6,081.000| 14,035,000
4,352.0001
8,209,000
£
22,370,885
92,509,730
41,240,000
21,316,000
12,501,000
4,112,000
8,101.000
2.741,0001 1,371,000
0,983,000j 1,118,000
J 09,704.653! 92,511,962'202,216,015
£
£
£
23,076,823
23,O703»
48,942.720 45,852.743 94,795,403
19,941,780 17,084,220 37,620,000
6,350.000 13,953,000 20,303,000
4,899,000 8,180,000 13,065,000
2,742,000 1,371,000
4,113,000
7,000,000
790.000
7,790,000
112,952.323 87,822,963 2)0,775,285
87,558,770 199,031,134
108,910,90l| 92,009,0691200,979.070i 112.072,353
The division (between
gold and silver) given In our table of coin *n4
Germany and tlie Bank of Belgium Is made from
we are
able to obtain; In neither ease Is It claimed to bo
accurate, as those banks make
no
distinction In their weekly
reports,
merely reporting the total gold and silver, but we believe the division,
we make is a close approximation.
Note.—We receive
the above results weekly by cable, and whilO
given at the head of the column, they are tbo
returns issued nearest to that date—that is, the latest reported figure s.
not all of the date
through the Sub*
Treasury for domestic bullion during the week, and the
fThe Assay Office paid $165,959
The
Oold.
44
18.
4‘
20.
44
21.
44
22
44
$425,993 12
251,808 31
040,255 05
1,013,004 84
U. S.
Cold
Silver Cer¬
Certi/ic’s.
tificates.
$3 500
$57,000
$319,000
$40,000
1,000
3 3,000
38,000
2,0.0
03,000
178,000
521,000
0.0001
110,000
821,000
09,000
401,000
53.000
$331,000 $2,300,000
$25 4,000
48,000
-
’
23.
571,534 24
3,000
Total.
$2,903 255 50
$15,500
53,000
Included in the above payments were
$6,500 in silver
coin, chiefly standard dollars.
THE FISHERIES
SETTLEMENT.
fishery treaty, which has been made public this
week, does not so far as we understand its limitations
contain anything which should lead to its rejection.
It
appears to be a fair settlement of differences.
Of course our fishermen would have liked it better had
The
contended for—that is, if Canada had given
up everything and we nothing. Tnat result might have
been attained by fighting or possibly by the odious pro¬
cess of “ bullying ” our neighbor.
We should have no
faith in “ bullying ” unless we meant to fight if the former
failed of its purpose, and neith r court e under the cir¬
we
machinery is seriously out of
world’s industrial
Prices of commodities have declined to such an
producer whether of sugar cane or sugar,
wheat or flour, wool or woolens—every one of them isseeking some method of helping himself by squeezing hia
neighbor. We are not defending or excusing the arrange¬
ments made ; we are only speaking of their commonorigin. Trusts and railroad commissions, corners and'
combinations' express one and the same truth—that
profits have declined until the margin is so trifling that the.
struggle of nearly all industries is for bare existence. The
sugar and oil refiner, the cloth and nail producer (and
these are mentioned simply as representative trades) live
only through an arrangement which puts cost of produc¬
tion at a minimum and graduates the product to the needs,
of the public ; while all hands, the farmer, the spinner,,
the refiner and the whole community of consumers, are
striving to make the railroad take as large a share of the
burden as they possibly can.
W^have been led to this subject again by some remarks
of Mr. Jeffery, General Manager of the Illin is Central
Railroad Company, made about two wTeeks since before
the Senate Committee on Railroads of the Iowa Legisla¬
ture.
His appeal has to do with the Iowa division of the
extent that the
Notes.
.Noli riiiv
INDUS-
gear.
Consisting of—
Duties.
GENERAL
STRUGGLE.
TRIAL
tom House.
Date.
THE
IN
RAILROADS
following from the Cus¬
Assistant Treasurer received the
Feb. 17.
ivou xt\\
THE CHBONICLE.
210
got all we
Illinois Central.
But that
case
is not
a
singular
one, nor
exceptional State—both are representative.
cumstances would have been sanctioned by the public. Perhaps Iowa is just at present threatening to press it&
As it is we secure nearly everything desired—the only roads harder than most other western and southern States.
exceptions are the right to purchase bait and to trans¬ Certainly the bills now before its Legislature are harsh in
ship the catch; and unless Canada intended to open her the extreme, but we do not presume they wi 1 pass, if at.
fisheries to us on equal terms with herself, these scarcely all, in the form presented.
Yet they are in keeping with
a
seem to be points we could have expected to gain.
general policy everywhere observable in the agricultural
All our just coir plaints and demands have been met States,—a struggle to lift from the farmer the bur.
and satisfied.
It was because our fishing vessels were den of 50 cents for wheat and 8 cents for cotton regard¬
refused shelter and relief in distress that we were irri¬
tated.
Under the Tenth and Eleventh Articles of the
is
Iowa
an
less of the effect on railroad income
and railroad condi¬
tions.
Glance just a moment in a general way at the rrsuits of
and fair provision is made to meet such cases
We are free to put in for shelter and for repair of dam thi3 hostile action.
Our country is a new one, and the
ages at all times, and in that event we can unload, reload, carrying trade particularly is built up out of hopes cen
trans-ohip or sell, whenever unloading is necessary for tered in the future rather than expectations of any imme¬
Tepairs, and may replenish outfits, provisions and supplies diate rewards. So a condition which affords no divi¬
damaged or lost. Tne only requirement is that if we dends for years after construction, is endured under the
need to stay more than twenty-four hours (Sundays and belief which is reasonable that the developments in pro¬
legal holidays excepted) our vessels must report to the gress everywhere will bring a return later on. We haveauthorities, and if we wish to purchase we must get a no general compilations previous to 1872, and yet
license, which is “ to be promptly ” granted on asking for so far as we can gather from the reports, that anticipa¬
treaty, full
of a farthing.
Of course, such a ‘‘fisherman” as Mr. Combs the Glou¬
cester (Mass.) “ outfitter,” who says, according to a dis¬
patch in the New York Times, that what he wanted “was
that tl e duty on salt fish should be doubled, and the same
on fresh”—of course he has failed in securing his desire.
BuV is it not true that even Mr. Combs himself had no
without the payment
tion
seems
realized.
to have been
Since
authority,
we
stockholders.
find
before that date in
some measure-
Manual as our
continual decline in the returns to
then,
taking Poor’s
a
Even in 1872 the net dividends on
the
of roads was small, less than 4 per centr
being only 3 91 per cent. But the decline from that
point, especially during late years, has been rapid. In
expectation that the result would accord with his 1880 the average had got down to 3*02 per cent and in
proclaimed wish ?
Equally unreasonable was the 1886 the same compilation makes it only 2 04 per
Canadian hope that a reciprocity agreement would cent.
be reached as a return for affording our fisher¬
But descending to a particular statement for Icwa we
the comity and hospitalities
men
which continued find Poor reports that the entire amount disbursed in divi¬
friendship required.
In a word, no one will be dends in 1886 on the roads of that State was $299,830.
satisfied, never mind on which side of the line he lives, We suppose that must refer to the roads wholly in the
who anticipated a compromise securing to each country its State.
At all events, without determining its exac: mean¬
extreme demands.
At the same time we cannot but feel ing, we have this week the Railroad Commissioners’ report
that the more the arrangement arrived at is studied and for Iowa from which we obtain the following facts.
On
the better it is understood, the more general will be the page 17 the
total railroad mileage iu the State is given at
assent to its entire fairness and the gratification felt that so 8,130
miles. On page 78 the stock per mile of, road is
.favorable a settlement has been reached.
given at $19;347 31, which wculd make the stock cover*
whole system
February
fT-w
25, 1888.] ?
—-•
THE CHRONICLE
Ing road in the State $157,293,630. Turning to pages 100
and 101 of same report we find in the last two columns of
tee table on those pages, that the net
earnings of all the
roads for Iowa over operating expenses, interest and rental
in 1887 was $3,397,491 89.
On page 88 the taxes paid
that year in Iowa are given at $1,011,830 85.
It is not
-clearly stated whether the item of taxes has been deducted
from the foregoing.
Assuming, however, that it has, the
result according to this report would appear to be that the
net revenue secured
dends
on
on
Iowa business available for divr
the stock of all the roads in the
State, if noth*
charged to betterments, would suffice for
■only a trifle over 2 per cent on the stock.*
A fact not to be overlooked is that these
figures and
this average represent not little companies
recently built,
but a large mileage of established
roads, such as
Illinois Central, Chicago &
Northwest, Chicago & Rock
Island, Chicago Burlington & Quincy, Milwaukee & St
Paul, etc.—roads which, if they fared no better on their
mileage in other States, would soon be among the non•dividend payers.
For of course the stockholders could
not secure even the net above
given, because a very large
part of it must necessarily have been devoted to better
ments, or if not, the properties within the State would
have deteriorated during the }rear.
Remember also that
what is left out of the
foregoing sum after deducting
betterments, is all, according to her own showing, tha
Iowa has hitherto been willing to allow the stockholder
in return for the capital
they have put into the State,
and for the value which those expenditures have added
to property therein, and for all the other benefits the
State is receiving therefrom, among which we
may
mention the payment of about 15 million dollars
annually
to employes in the State and over one million dollars in.
taxes.
That is all it has been willing to allow in the past,
.and now it threatens to take even that away, and more too.
ing at all
To be
were
sure
the roads
are
there and cannot get away or
.'strike back however
harshly they are treated; besides they
impersonal, and, also, among the less enlightened
voter, an unpopular creature.
Yet how unwise and
hurtful such a policy must prove in the end we scarcely
need to discuss." Mr. Jeffery made that point very plain
are
an
in his remarks before the
obvious that
and
legislation like that
It is most
proposed further
cripples the roads. It
only result in stopping railroad building in that section
in the meantime it tends inevitably to lower the con.
reduces net
■can
Senate Committee.
•dition of all
revenue
now
and further
the roads in the State.
Wooden structures
will not at best last
long, and are always a source of inse¬
curity; cars are rapidly deteriorating and rails are wear*
2ng out. Mr. Jeffery estimates that for the two roads
•owned by Illinois Central in Iowa (the Dubuque & Sioux
City and the Iowa Falls & Sioux City) four and a half
million dollars would be necessary to provide proper
equipment and to put in iron bridges, stone culverts, bal.
last and steel rails, all of which are needed; and yet even
now these roads have no net
earnings, but “ show a
u
loss when the
operation expenses, taxes and interest
on.bonded debt are charged up against them,” although
the former has a history running way back to 1856, and
certainly in the nature of things is entitled to an income if
41
fair treatment could afford it.
One is thus able from these few facts to
see
to what end
this
struggle is rapidly tending.
No doubt great
sympathy will be felt with the farmer who has his
*
On page lOiof the Commissionora’ Report is a table “Representing the
‘Condition of Roads in Iowa.” That table is manifestly incomplete,
and the results therefore erroneous, so that we have not used it.
The
figures we do give aro, as stated, from the details of the report uml from
pages mentioned.
«...
‘
211
fifty cent wheat to get to market.
But has not the
point been reached when something else than the carrier
will have to
bear the burden—when
some
other interest
will have to suffer for the farmers benefit?
THE BURLINGTON &
QUINCY STATEMENT.
companies in the country that
could, in the face of so many adverse circumstances, pre¬
sent such a favorable
showing as the Chicago Burlington
& Quincy has made.
For instance, the experience attend¬
ing many of its ventures in recent years has been the
reverse of fortunate.
Its connecting and
auxiliary roads
represent a large sum of money—on January 1, 1887, the
amount was $26,030,299—and
yet the direct annual
There
are
few railroad
return from this investment has been
very meagre, though
doubtless a number of indirect benefits have accrued.
The results of
building a line to St. Paul are too clearly
public to make it necessary to enlarge upon
that feature.
Another unfavoring fact is, that while the
Burlington & Quincy is the largest corn carrier in the
Northwest, that crop for two successive seasons has been
very short.
At the same time the company lost the ser¬
before the
vices of its
able Vice-President and
Mr. Thomas J.
fied with the
success.
It is because
that
Manager,
Potter, who for so many years was identi¬
property and in no unimportant degree con¬
tributed to its
carry
General
the
company has had these burdens to
it must be considered to have done well on its
operations.
In the first place, it has maintained dividends
high rate of 8 per cent per annum, a distinction
enjoyed by only one other prominent company in that
section, namely the Chicago & Alton. That in itself is &
notable achievement.
In the second place, the dividend
has been paid on a very large amount of
stock, the Bur¬
lington & Quincy’s capital being over 76 million dollars.
With such a large capital and such heavy
dividends, the
annual requirement for the purpose ia over six million,
dollars, and this the company has regularly paid. More
important still, the dividends have been earned, the state¬
ment for the late calendar year
showing that notwith¬
standing a falling off of three-quarters of a million dollars
in net, there was a surplus of $940,071 on the
operations
for the twelve months above all charges and the 8
per
cent dividends.
And this independent of any income
at
the
from land sales.
On the other
hand, there are certain considerations that
qualify somewhat the conclusions to be drawn from these
results. Thus the surplus remaining, though apparently
large, is yet comparatively small. This is so, since in the
first place it would have paid an extra dividend of only
a.
little more than one per cent.
In other words, the com¬
pany earned not quite 9£ per cent and paid 8 per cent, the
distribution running much closer to the actual income
tban most companies in these times allow.
In the case of
the Chicago & Northwestern we showed two weeks ago
that earnings were nearly 11 per cent on both classes of
stock, while only 6 per cent had been paid on the common
and 7 per cent on the preferred.
Even with dividends 8
per cent on both kinds of stock, that company wculd have
had a surplus on the year’s operations of $1,594,689, with
less than 54 millions of stock outstanding, whereas the
surplus on the Burlington & Quincy is $940,071, with over
76 millions of stock out.
Moreover, this surplus of
$940,071 remained only because the company did not
make the usual contribution to the Renewal Fund, repre¬
senting amounts spent for betterments and improvements
and paid for out of earnings.
With the same amount
devoted to this purpose as in the tw* years preceding*
242
THE
CHRONICLE.
[70U XL'VI.
namely a million dollars per annum, the surplus for the fering as severely as any of the distinctly northwestern
year would l>e wholly exhausted.
We do not know that lines. And this is the situation to-day. The northwestern
these betterments are an absolute necessity, but certain it lines will not fix up matters between Chicago and Omaha
is that a sum has been regularly deducted for that purpose and other Missouri River points (the Quincy’s territory)
in each of the nine years preceding, the amount varying till Chicago-St. Paul matters have been definitely adjusted*
We do not mean to say that this is the only source of
from $500,000 to $1,500,000, the average being exactly a
million dollars per year.
existing difference in the Northwest, but it is by far the
There are two
This latter suggests that we must go one step further in most troublesome factor in the situation.
order to interpret correctly the Burlington’s results.
The ways out of the dilemma. The Burlington & Quincy can.
company has had sucti a prosperous career that it is not either become directly responsible for the management of
enough to judge by the exhibit for a single twelve months' the new road, assuming of course its charges, or it can, as
period. We must take the results for a series of years* has been suggested, allow it to be managed in the interest
and see what the comparison shows.
The annual surplus of a combination comprising aU the principal companies in
will afford a good criterion of the tendency of things— that section of the country. The latter course is to be pre.
we mean of course the surplus for each year standing by
ferred, but even the former has obvious advantages over
itself, irrespective of aoy accumulations from preceding the existing condition of things, for while under it the
years carried forward as a balance. The surplus, too, must Quincy might have to make good the deficiencies of the
be computed before taking out the amounts contributed to Northern, on the other hand it would avoid ruinous losses
the Renewal Fund, as the latter have fluctuated so widely- on the business in its own territory.
Whatever the outcome, it is clear from the figures cited
Hence, we find that as against $940,071 in 1887, the sur.
plus in 1886 was $1,526,831; in 1885, $1,504,654; in above that while the Burlington & Quincy is still able to
1884, $1,011,lu5; and in 1883, $2,488,646. This shows make a good exhibit on its operations, a lack of conserva¬
a heavy falling off, the
surplus for 1887 being smaller tive management in the future may risk its high position.
Its finances are undoubtedly in excellent shape, and yet
even than for 1884; in fact, the amount is the smallest
Even in 1878 it was $1,235,286* prudence would seem to dictate a reduction of dividends.
for a whole decade.
with the stock less than 28 millions (the debt being equally The latter would be a wise step, too, in view of the fact that
small), and in 1879 it was $1,657,530, with the stock only though the rate war may be settled up any time, yet the
31 millions, while in 1880 it was $2,272,380, with the company will feel the effects of the shortage of the corn
stock 54^ millions.
crop all through the year.
There is one other point to be considered in connection
with the Burlington & Quincy’s affairs, and that is as
SEABOARD GRAIN RECEIPTS.
The January grain deliveries at New York show a
regards the relations between it and the Burlington &
Northern.
The responsibility of the company for this decided change in the relative proportions contributed by
new line to St.
Paul does not admit of question.
Nor the different routes. Being a winter month the canal of
does there seem to be any doubt that it is controlled in course plays no part in affecting results, and hence the
the same interest.
We think it is generally recognized changes are all the more noteworthy.
The weather this year was decidedly adverse to a large
now that the step was a very unwise one.
When the
project was first broached we pointed out that it was both movement, while last year the conditions in that respect
unwarranted and uncalled for, the Burlington & Quincy’s were very favorable, and as a result of that and other cir¬
interests not lying in the direction of St. Paul and Min¬ cumstances total receipts for the month were about 900,000
neapolis. Some of our Boston friends, however, were bushels smaller than in ,January, 1887, beiDg 6,023,316
Yet in the face of
very sanguine as to the future of the line, and predicted bushels, against 6,926,393 bushels.
that within two years it would be paying dividends.
The this heavy falling off in the total movement, two of the
figures have just been published for 1887, and they show roads have carried greatly increased amounts. These are
that on its own operations the line fell $165,873 short of the West Shore and the Pennsylvania.
The latter
meeting its charges. Since then a million of 7 per cent brought in 978,336 bushels, against 540,915 bushels, and
equipment bonds have been issued, thus further increasing the West Shore 1,610,956 bushels, against 958,805
charges; and in that connection it is interesting to note bushels. In the case of the Pennsylvania the increase
that the Burlington & Northern's first issue of bonds was may be in
part explained by the fact that the
5 per cents, its second issue was 6 per cents, and now its road’s proportion last year was unusually small, but
third issue is 7 per cents.
Besides, its earnings grew in the case of the West Shore no such reason
steadily worse through the year, the net earnings for can be assigned, as that road had a large ratio
November being only $7,999, and for December $15,112. even in 1837, when its proportion was 13-85 per cent.
Under the present war of rates of course the showing Now this is raised to 26-75 per cent, the West Shore
must be very much worse.
having brought in more grain than any other road with
This is one phase of the matter. Another is, that under the exception of the New York Central, which had 28*73
existing circumstances, the Burlington & Northern is a per cent of the movement. On the other hand, the pro¬
constant menace to companies like the St. Paul and North¬ portion of the Erie has fallen from 24-86 to 14-61 per
western.
The Quincy has hitherto refused to control the cent, and the Lackawanna’s ratio is only 4-83 per cent,
action of the Northern, and hence the latter has acted the against 9 04 per cent of the total in 1887.
The “various”
roads
part of a free lance. Moreover, having practically no
(representing chiefly the operations of the Lehigh
local business, it has devoted its whole energies to develop, Valley) also brought in greatly reduced amounts, namely
ing the through business between St. Paul and Chicago, only 6-05 per cent, against 12-20 per cent. These changes
and for this purpose has cut rates between those points may be in some measure accounted for by differences in
very low.
The result has been that the other roads men. interruption of traffic by the snow blockade; but no
tioned, whose territory has been encroached upon and doubt a better explanation was the need which
which have local interests to protect, have been obliged in existed
during the month for increasing as far
self defense to carry the war into the Burlington & Quincy’s as
possible coal tonnage by all coal carriers
territory further to the south, so that the latter is now suf¬ because of the strike in the Reading mines.
February 25,
THE CHRONICLE.
U8S.]
243
followiDg table will show the receipts by each of the
ptuujetavg s ©prarae vctal gtifllisTx Hems
various roads for January of the last four years. It will
[From our own correspondent.!
be noticed that the two Vanderbilt roads (Central and
London, February 11, 1888.
West Shore) had 55*48 per cent of the total movement
A rather sharp spasm has passed
through the political world
this year, against 45 per cent last year, 50 72 p3r cent in
during the past week. The publication of the Austro-German
1886 and 51*97 per cent in 1885,
treaty caused some anxiety, as although its provisions were
The
RECEIPTS OF GRAIN AT NEW YORK BY ROUTES.
1888.
1837.
Bush.
?.C,
1.730,3^4
2V73j
879,042 14-0l]
N. Y. Central...
Erie
Bush.
•
31-15]
958,805 13-85
05;
845,030 12-20
110,330
5,854,770 97-21 >
108.540 2-79
0,850,001 9891
75,792 1-09
020,389
1610,930 20 75;
Various RR.’s.
304,310
Total RR
River & coastw
Canal
0
....
Total all.,—
9-04
6,920,393 100-0
Bush.
4295
50,000
14-09
915,238 11-05
7-00
1,318,400 15-40
7-77
1,140,308 13*32
98,850 1-15
2-28
8,305,405
193,917
1-03
97-73
2-27
....
4,838,290
....
ioo-o1 8,550.382
100-0
Of course, these changes in the
ent roads have also changed the
deliveries by the differ,
earnings of the roads
from grain traffic.
In calculating the revenue for this
year we have figured on the basis of an average through
rate between Chicago and New York of 25 cents
per
100 lbs.
The official tariff
was
27£ cents, but this
applied only on domestic business. On export shipments
the rates were various, so that the average
of 25 cents is
likely to be rather too high. It will, however, answer as
a rough approximation.
Last year we took the average
at 27£ cents, the official tariff
being 30 cents.
APPROXIMATE GROSS REVENUE FROM THROUGH GRAIN TONNAGE.
Month of Janvary.
New York Central..
Erie
subsequent
P.C.
1888.
1887.
1880.
$
97,000
49,000
55,000
16,000
90,000
$
$
113,000
65,000
137,000
110,000
34,000
40,000
01,000
speech of Prince Bismarck, since it was felt that his silence
onjsome points was more significant than his eloquence upon
others. It is very clear that the Ei stern Question may yet
prove to be a source of considerable danger, and possibly in
3,308,0<9 38-05
1,554,530 18-10
24-88,
4,788,230 98-97
....
0.023,310 ioo-o
1885.
P.C.
2,078,001
1,203,804
681,049
338,171
370,215
291,142
West Shore....
Bush.
PC'.
2,157,930
1,721,532 24 80
540,915 7-81
978,330 1H-24:
4-83!
Pennsylvania..
Del. Lack.& W,
1880.
tolerably well known, the mere fact of its publication was
looked upon, in some light at least, as a threat to Russia; and
this anxiety was only partially allayed by the
1885.
$
132,000
61,000
37,000
52,000
the
near future.
It is too early to estimate what will be the influence
upon
trade of this new display of political
uncertainty, but its
business was at once apparent
dealings. Prior to this the im¬
provement in trade seemed to be making fair progress. There
certainly has been room for greater animation in some depart¬
ments, but speaking more broadly we have no reason to com¬
plain of trade since the opening of the year. That a sub¬
stantial stride lias been made is
abundantly evident from the
official statistics of the Board of Trade just published for Jan.
uary.
From these returns it is seen that, together with the
expansion of our commercial relations with America, busi¬
ness with ether quarters is also
looking up. We are doing
more with the colonies and the
Continent, and it seems as if
could we only be assured of peace, our position would soon
be yet more decisively improved.
Unfortunately, for some
years past we have invariably been frightened with the
approach of spring|by the prospect of a war in which we
may, or may not, be involved; and this year has proved no
exception to the rule. Until the present threatening clouds
are dispersed, we must expect to be in a state of
uncertainty
effect upon Stock Exchange
in the general restriction of
_
as
to
our
commercial future.
The Bank of
England directors have decided to make no
change in the rate of discount, the minimum being still re¬
21,000
45,000 tained at 3 per cent.
The joint stock banks also keep up their
]
Total
l 307,000
allowances
on
382,000
254,000
327,000
deposits at notice, namely, 134 per cent; but
the discount establishments have reduced theirs
Thus the total revenue was
% per cent,
approximately $307,000
and now give 1 per cent for money at call and 1}4 per cent
this year, against $382,000 last
year.
The Pennsylvania if with
notice. The general appearance of the
money mar¬
and the West Shore show
greatly enlarged earnings, and ket remains much the same. Short loans
bring only about
the other roads have suffered losses.
Of course it is
% to 1 per cent and three months’ bills are discounted at 1%
understood that the revenue from this one class of
traffic, per cent. The changes in the Bank of England return show
and a small one at
offers
no
that,
guide to the total earn¬ yet more distinctly the effect of the revenue collections upon
The total of public deposits has been in
money market.
ings of these roads.
creased by £1,939,665, while other deposits have been reduced
With reference to the
grain deliveries at New York,
by £527,897. The Bank is thus gradually securing a firmer
one other
point always possesses interest, namely the hold over the outside
market, a hold which which will become
position this port holds to the other seaboard cities. stronger until the end of the quarter.
January is a good month for such a comparison, because
The rates for money have been as follows:
the canal not
being open, we see the
‘
Pennsylvania
Delaware Lackawanna & Western
West Shore
.
1
...
37.000
18.00C
.
proportion New
York has carried without the
help of that agency. Below
are the
receipts at Boston, Pniladelphia, Baltimore and
New York, and each port’s proportion to the total for
all.
RECEIPTS AT SEABOARD CITIES.
1888.
1887.
Bush.
P. C.
Bush.
P.C.
Bush.
1885.
P.C.
0.920,393 49-( 9
4,838,290
1,570,500 10-10
2,110,320 14 95
Philadelphia...
Baltimore
981,552 1006
1,204,709 1231
2,013,407,14-27
3,000.435; 21-09
1,780,514 10-53
1,187,90 ( 10*99
2.995,004 2-72
Total.,
9,789,077 100-0
ment
this
14,110,621* 100-0
Bush.
44-76
10,808,311 ioo-o
year, sgamst
move
Joint
0 4
2
<a2% 2K®
@
13
3K
2
3
27
3
4
3
154® - 1343-2 <3
lmm 1^3 -2 <3>
XMaW W* - 1343
10
3
“
The
—
2
have lost heavily, and
illustration of the effects of that
circumstance,
256,615
at Baltimore
bushels.
arrivals at New York
we may
slightly
they fell from 1,069,927 bushels
to
Four
Sit
Stock
At
7 to 14
Banks. Call.
@
&
2Ha314 2KQ3H 2H@3>4
- 2%
2%3'iX
—234a3 |2J433 :2J4</3
-'2 (3234 2340234 2^@3
- 2
@3
@3
@3
- 114&2
2 S2J4 2}4@234
-
Days.
|2
12
2H
2
2
1H 2 -2
1K;1K IK
1H 1K-1K
IK IK IK
1
<134-134
IK
IK
IK
1*
2H-2 H
following return shows the position of the Bank of
England, the Bank rate of discount, the price of consols, &c.,
compared with the last three years :
only 49-09 per cent last year’
especially
latter, whose percentage has fallen from 21*69 to
12-31. Baltimore, however, is
suffering greatly from the
failure of last season’s corn
crop in the Ohio Valley.
In
increased,
2
2
delphia and Baltimore
corn
2J43
20
Other deposits
Government securities
while the
-
“
Circulation,
state that
Three
Disc't Wse.
——
44*76 per cent in 1886 and 52 09
per cent in 1885. Boston
has also increased its
proportion somewhat. But Phila¬
the
Six
Fffur
“
“
10,431,905 1000
York had 61*53 per cent of the total
-ii
Three
P.C.
8,559,382 52-09
2,290,515 13-98
2.097,249 12-70
3.478,759 21-17
Trade Bills.
Months Months Months Months Months Months
Feb.
6,023,316 61-53
Thus New
London
—m
New Fork
Boston
_
for deposits by
Bank Bills.
Jan.
18S0.
January.
Interest allowed
Open market rates.
excluding 7-day and
other bills....
Public deposits
Other securities
Reserve of notes and coin
Coin and bullion
Reserve to liabilities
Bank rate
Consols
Clearing-House return
1888.
1887.
1880.
1885.
£
£
£
£
23.435,635
7,197,954
24.014.948
16.260,774
19,335.'-, 34
14,394,2.0
21,629.885
23,595,380 23,877,715
4,757 541
22,983,006
13.129.782
18,757,94(5
13,909.01(5
21.814,396
44-91 p. C. 50 1-16 p. C
3 p. c.
4 p. o.
102 5-10
10054
19,40 7,000 111,025,0x0
23,864,040
4,603,502
8,350,042
25.404 555 23,535,423
13,744,670
14,051,801
20,199,233
14,270,534
21,134,138
14,878,221
22.398,249 22,992,261
45>fj
p. c
3 p. O.
100 9-10
89,542,000
4654
p. o.
4 p. O.
MX
90,080,000
The Bank rate of discount and open market rates at the
ohief Continental cities now and for the previous three weeks
have been as follows:
THE CHRONICLE.
[Vol, XLv r.
The wheat trade
during the week has been in a state of
quietness. The demand has throughout been life¬
Bank
Bank
Bank
Bank
Open
Open
Open
Open
Rate.
Market Rate. Market Rate. Market
less, and the advantage has continued to rc t with the buyer.
Rate. Market
A further quotable reduction can hardly 1 e mentioned, but
3
3
3
3
3
2K
2X
Paris
24
3
3
3
3
had there been a disposition to force sales less money would
ik
14
m
1H
Berlin.,
3
3
3
3
1H
m
14
m
Frankfort
have had to be taken.
There is a distinct ‘disinclination just
3
3
3
3
\y.
m
m
m
Hamburg
to
now
2
buy largely grain for distant arri \ al. The expecta¬
Amsterdam
24
24
H
24
m
2H
24
24
3
m
m
3*
2H
2H
Brussels
34
34
tions, which certainly seemed warranted at the date of last
4
4
4
4
4
4
4
4
Madrid
harvest, of a steadily improving range of values which
4
4
4
4
Vienna
3,4
34
3-4
should
5
0
5
5
5
5@0
St. Petersburg..
5@54
ultimately pass beyond the level o: last season, cer¬
3
3
3
3
3
3
3
3
Copenhagen
tainly do not seem to be in a fairway for ri ;.lization. On the
contrary the movement of late has been retrograde in its
Messrs. Pixley & Abell write as follows on the state of t he
character, and the average price for the season is still 2s. 4d.
bullion market:
per quarter below what it was for the corresponding portion
Gold is still in demand for Holland, arid all the small amounts to hand
of the season 1886-87.
And yet the statistical position is
have been secured for that quarter. The only transaction at the Bank
of England to report is £120,000 in, from Egypt. Arrivals: .£3,000
in favor of a higher standard of values.
We have sold some
from West Indies, £58,000 from India and China and £7,000 from Aus¬
tralia; total, £68,000. Shipments £5,400, in coin, to Bombay.
300,000 quarters more home-grown wheat than we hjid dis¬
Silver remained steady until the 7tli inst., several parcels finding pur¬
posed of at this time last year, while our imports have been
chasers during this time at 41 *4(1. Large amounts-were offered during
the 6th and 7tli, and the market gave way on the Htli to 44*8 i. Consid¬
practically the same. The receipts of flour have certainly
erable business took place at this figure and at 14i1(Jd., which is the quo¬
tation to-day, and at which the market closes firm.
Imports: £50,000 increased by 1,300,000 cwts., but the quantity of wheat and
from Chili, £24,000 from West Indies and £85,( 00 from New York;
flour afloat to us is some 900,000 quarters short of this time
total, £159,000. Exports £114,600 to Bombay and Calcutta.
Mexican dollars are quite nominal in the absence of supplies. £26,999
last year, and allowance must a’so be made for the deficiency
to Penang and Hong Kong.
of something like 2,500,000 quarters in the American visible
The quotations for bullion are reported as follows :
supply. However, just now statistics do not appear to be
such powerful levers to influence the trade as they formerly
GOLD.
SILVER.
9. Feb. 2.
Feb.
Feb. 9.
Feb. 2
London Standard.
London Standard.
were. The disposition is to limit operations as much as possible
d.
s.
d.
d.
d.
and while business is of this hand-to -mouth character, a weak
77
Bar silver
oz: 44 1-10
94
444
Bar gold, fine....or. 77 $4
tendency is easily engendered and the -establishment of an
Bar gold, contaln’g
Bar silver, contain¬
advance correspondingly difficult. A quiet market in the
44
7-10
77 104
£0dwt) silver..oz. 77 104
444
ing 5grs. goId..oz.
Cake silver
oz.
474
474
8pan.doubloons..oz.
immediate future is clearly foreshadowed, and if the weather
Mexican dols
oz.
S.Am.doubloons.oz.
be mild and open the dull tone will probably become con¬
Feb.
Feb.
10.
3.
Jan.
Jan. 27.
20.
Rates of
Interest at
extreme
8.
firmed.
Messrs.
Baring Bros offer for subscription £1,888,000 four
The following shows the import of cereal produce into the.
per cent Nicolai (Russian) Railroad bonds, guaranteed by the
Russian Government.
The price of issue is 75 per cent, United Kingdom during the past 23 weeks of the season
but owing to the political uncertainty the issue has not met compared with last season:
with much attention.
Messrs. C. de Murrietta & Co.
IMPORTS.
invite
1887-8.
1886-7.
1885-6.
1884-5.
issue of £661,700, being the balance of an Wheat
cwt. 22,618,122 22,646,087 23,658,888 21,845475
entire loan of £1,261,700 five per cent first mortgage bonds of Barley
9,273.821 10,239.403
6,637,983
8,626,538
Oats.
8,254,968
7,046,609
4,933,386
5,044,769
the Santa Fe & Reconquista Railway; the price of issue is 87 Peas
1,684,602
1,098.717
967,264
980,880
1,139,988
1,147,547
1,478,595
1,707,503
per cent. The loan has the security of the direct obligation Beans
Indian corn
10,214,186 11,585,719 12,025,638
8,977,814
of the Province of Santa Fe, of the railway and its net pro¬ Flour
8,654,356
7,282,241
6,404,51S
7,193,60$
ceeds, and of the license tax of the S ate, subject only to pre¬
Supplies available for consumption (exclusive of stocks on
vious charges in favor of the Northern Colonies, the Northern
September
1):
Colonies extensions, and the Western & Central Colonies
1887-8
1886-7
1885-6,
1884-5.
Imports of wheat.cwt. 22,618,1*22 22,616,087 23,658,888 21,845,475
Railways.
8,654,356
Imports of flour
7,282,241
6,404.518
7,198,003
The Board of Trade returns are favorable, although the 8ale8 of liome-grown. 19,865,213 16,593,029 20,003,434 22,528,729
gain for January is not so heavy as was that for the previous
Total
51,137,691 46,521,357 50,066,340 51,552,807
month. The exports for January exceed those_for the corre¬
1887-8.
1886-7.
1885-6.
1884-5.
sponding month of last year by £774,936, the bulk (£477,499) Aver, price wheat
week. 30s. 8d 34s. 3d. 29s. 9d. 33s. 9d.
season. 30s. 2d. 32s.
6d. 30s. 7d. 32s. 6d.
being due to metals and articles manufactured therefrom Aver, price wheat
(except machinery). There is, however, one weak point in
English Financial markets—Per Cable.
the returns, and that is the falling off of £219,789 in yarns
The daily closing quotations for securities, &c., at London and textile fabrics.
Otherwise a gain is shown under each
are reported by cable as follows for
the week ending Feb¬
division.
In the imports an increase of £3,755,566 is dis.
ruary
24.
closed. The value of the metals imported has been swollen by
£760,154. The payments for copper show an excess of £355,Mon.
London.
Sat.
Tues.
Wed,
Thurs.
Fri.
©00, although the gain in the quantity received is less than
44
44
44
d.
44*i6
441,8
43*5,ft
900 tons.
In the value of tin imported there'is an increase of Silver, per oz
Consols for money
102516 102310 1023,6 1025,6 1025,6 1025,6
102516 1025,6 102o,6 102 ‘i« 1025,6 102%
£140,341, against an increase in quantity of 5,276 cwts. Our Consols for account
Fr’eh rentes (in Paris) fr. 81-9712 82-05
82-75
81-87*2 81-97*2 8210
payments for fcod and raw materials for textile manufactures U. S. 4i^S of 1891
108 »4
108%
108%
108%
10S%
108%
subscriptions for
show
an
an
expansion of £2,144,000.
The
totals
gross
are
as
under:
Exports.
British &
Im ports.
'-Re-exports.—*
Irish Foreign A Colo-
Produce.
,
nial McrcU’dse
£
£
£
1886
28,683,039
1887
1888
31,047,42*2
17,212,781
17,808,735
34,802,988
18,583,671
3,481,109
4,202,239
3,963,925
The
agricultural returns just published show that the yield
of wheat in Great Britain last harvest was 74,322,747 bushels,
against 61,467,898 bushels in 1886, the total yield per acre
being 32 07 bushels, against 26‘89 in the preceding year, show,
ing an increase in the total produce of 12,854,849 bushels, or
nearly 21 per cent, with an addition to the yield per acre of
5*18 bushels, or over 19 per cent.
In England and Wales the
acreage under wheat increased 1*37 per cent, but in Scotland
decreased 10*31 per cent.
The barley crop was only 31*32
bushels per acre, or 2*70 bushels below the average, the actual
yield being 65,300,994 bushels. Oats yielded only 107,283,392
buehels, against 116,596,481 bushels in the previous year. The
yield per acre was only 37*74 bushels, or 4 30 below' the
average.
U. 8. 4s of 1907
Canadian Pacific
Chic. Mil. & St. Paul
Erie common stock.
Illinois Central
Pennsylvania
Philadelphia & Reading.
New York Central
129
129
129
59%
78%
59%
129
58 7s
78%
78 7s
28
27 7s
27 7a
120*4
55%
1204*
120*2
55 78
34*4
110*2
55 7a
33 7a
555s
34%
110*2
1104
110*2
58%
78*8
27*2
1204
34
129
58 7s
128%
584
7930
27%
120*2
55%
34*4
1104
791*
274:
120
55%.
344
1104
(Koramerctal and BttisceUaueaus Hetos
National Banks.—The
organized since last advices
following national hank has been
:
3,845—The First National Bank of Santa Monica, California. Capital.
$50,000. George N. Bonebrake, President; Edwin J. Vawter.
Cashier.
Imports
Exports
Week.—The
imports of last
week, compared with those of the preceding week, show a.
decrease in dry goods and an increase in general merchandiseThe total imports were $9,778,715, against $9,515,125 the pre¬
ceding week and $9,059,556 two weeks previous. The exports
for the week ended February 21 amounted to • $5,472,428,.
against $6,109,408 last week and $6,086,608 two weeks previ¬
ous.
The following are the imports at New York for the
and
for the
THE
February 25, 1888, J
CHRONICLF.
week ending (for dry goods) February 16 and for the week
ending (for general merchandise) February 17; also, total
'^ince the beginning of the first week in January :
FOREIGN IMrORTS AT
For Week.
1885.
Dry Goods
Gen’l mer’dise..
1886.
j
$3,205,668'
4,685,102'
|
$7,890,770'
|
$3,270,898
$7,838,697j
$9,812,895
5,753,429|
Dry Goods
Gen’l mer’dise..
$16,205,415
$17,674,011
31,718,65lj
38,539,832
.Total 7 weeks..
$47,924,066
$56,213,843
In
1887.
$2,085,268'
1
Total
Since Jan. 1.
NEW YORK.
6,541,997j
$20,907,471'
40,330,266
$61,237,737
—Tte
company.
our
-
EXPORTS FROM NEW YORK.
1885.
1886.
1887.
For the week....
Prev. reported..
$5,417,915
41,954,100
$5,502,661
33,692,934
Total 7 weeks..
$47,372,015
$39,195,595
1888.
j
$4,294,047!
32,378,932
$36,672,979
$5,472,428
35,815,694
$41,288,122
The
following table shows the exports and imports of specie
.at the port of New York for the week
ending February 18, and
since January 1, 1838, and for the
corresponding periods in
1887 and 1886.
EXPORTS AND IMPORTS OF SPECIE AT NEW
YORK.
Exports.
Gold.
Week
•Great Britain
France
West Indies
.Mexico
43outh America.
All other countries.
.
$45,261
146,000
348,245
5,000
1,248
1,495,125
73,019
12,138
1,000
12,990
$1,631,791
1,293,601
6,409,946
$334,140
$354,206
Total 1887
Total 1886
128.645
2,788,804
Great Britain
France
Germany
Week.
$1,556,930
15,000
67,600
1,900
WrC8t Indies
Mexico
South America...
All other countries.
Total 1887
Total 1886...
Of
173,700
400
Week.
$12
4,439
8,947
58,284
2,258
7,361
159,438
11,750
...
.
.
.
925
668
18,408
108,458
85,051
$325,093
$1,804,909
$96,813
301,741
324,969
1,325,551
2,331,184
$240,739
237,417
25,548
57,71:
134,993
the
above imports for the week in 1838, $96 were
American silver coin, Of the exports during the same time
$10,600 were American gold coin.
United States Sub-Treasury.—The following table shows
the receipts and payments at the
Sub-Treasury in
well as the balances in the
same, for each day
week :
—Attention is called to the advertisement
notifying Wabash
1st and 2d bondholders that the engraved certificates for seettrities deposited with the Central Trust
Company are now ready,
and that the Stock Exchange has consented to
place these
engraved cl r?ificates upon the regular list. It is further stilted
that nearly $20,000,000 out of a total of about
$28,000,000 h ive
—The security holders of the Chesapeake & Ohio
Riilway
Co. not in accord with the syndicate plan of reorganization
have united to oppose the proposed plan.
The names of the
committee are to be stated next week.
Auction Sales.—The following were sold
auction by Messrs. Adrian H. Muller & Son:
Share ft.
this city, as
of the past
-
ing Co
!
Receipts.
1
Feb. 18
1
$
1,305,560
Coin
1,402,843!
1,335,91 2 j
8,158.892]
5,848,564!....
“
20
1.379,255!
21
“
22
23
2,735,326
Total...
|
fay menu.
$
1$
975,424 130,0*43,112
1,297,431 129,823,708
975,815; 129,975,933
j Ilol'day
1,585,463 129,798,808
1,014,431 j 129,632,045
“
24
Balances.
f
j
.
1
Coin Cert’s.
Currency.
$
$
14,673,405 11.939,671
15,015,034: 11,899,269
16,262,929 12,258,659
January 31,1888,
2
29
500 Terre Haute & Ind. RR..
200 Mineral Range R’ way Co.
40 Central Safe Deposit Co.
205 JeromeP’k Villas.& Imp.
Co.
20
Scrip of 1884
r<
...
6s, 1890.
plan
reorganization of the Buffalo New York & Philadel¬
phia Company. The listing of the new securities on the New
York Stock Exchange is expected to be ordered shortly after
the exchange is accomplished. A member of the Executive
Board fays that the application is ready for
presentation to
ihe Governors.
102 & ink
$5,000 42d St, Manhat. & St.
Nicholas Ave. RR. Co., 1st,
6s, 1910
107 *8 & ink
$5,000 Br’dwav «fc 7th Ave.
RR. Co., 5s, 1914
104 & ink
...
95
$5,000 Dry D ick E. Br’dway
& Batt. RR. 6s. Scrip.. 106 & ink.
$5,000 N. Y. & Sou. Br’klyn
Ferry Co., 5s, g., 1906. 10212&ink
$8,000 Citizens* Gas Light Co.
.
Co. (guar. 9 per cent.).. 170*2
50 Iron Cliffs Co.. .$58‘50 per sh.
40 Oriental Bank
1953*
40 Fifth Avenue Trans. Co.
73
50 Iron Cliti's Co
$57 per sh.
of Westchester Co., 1st, 6s,
1906
102 li
& int.
Ranking and Jfiuaujcial.
WALTER STANrOW.
COFFIN
A
STANTON,
BANKERS,
11
WALL
STREET,
suits
are :
102
$2,270 Atlantic Mutual Ins.
Co. Scrip of 1886
102%
$3,500 Memp. & Little Rock I
R’way Co., Inc. M
$12$115*63 Memp. & Little Rock
R’way Co., Inc., Scrip
J
$2,750 Memp. & Little Rock \
R’way Co., 2d M
1
$121*87 Memp. & Little Rock f $15
R’way Co., 2d M., Scrip
J
$5,000 Third Ave. RR. Co.,
WM. EDWARD COFFIN.
bank
This is preparatory to the issue of the new Western
New York &Pei nsylvania Railroad’s securities under the
87*2
26
Oswego & Syracuse RR.
12,244,775
16,661,058! 12,343,270
Total earnings for
; earnings on investments, $138,400 ; gross
total, $765 900 ; less interest payments, $278,200 ; sinking fund
payments, $86,000 ; net surplus earnings over fixed charges
for fi-cal year ending Jm. 81, 1888,
$401,700. The inerr-ase in
net earnings over 1886-7 was
$338,673, with no new furnaces.
Western New York & Pennsylvania.—The Bank of New
York is now prepared to receive the Buff. N. Y. & Phila. RR.
Reorganization Committee’s certificates issued by the above
for the
Co., Trustees’ Cert
$18
$1.280 Atlantic Mutual Ins.
.
Orange Belt.—The road has been completed from Macon
to Tarpon Springs, on the Gulf of
Mexico, and there is nearly
110 milt 8 in operation. The entire line from
Monroe, the
north e >st*rn terminus of the road, about three miles north of
Sar ford to Petersburg, thirty-two miles from
Tarpon Springs,
•on Tampa
Bay, is expected to be completed in three‘months.
for the year ending
fiscal year, $627,500
Bonds.
$350 Indianap. & Spr. R’way
Brooklyn
i6,27i,319
Tennessee Coal Iron & Railroad.—The estimated
$42
Academy of
Music iwith 2 tickets).. 11442
So. Br’klynSaw Mill Co. 123
Christoph. & 10th St. RR. 130*4
74
70
70
10,000 Horn Silver Min. Co.,
of Utah
$1-15 per sh.
58 Phenix Fire Ins. Co
1U2
681 People’s Gas Light Co. of
Brooklyn
62
100 Equitable Fire Ins. Co.
146 *2
.
1
6 Merchants’ Ins. Co
8 N. Y. Fire Ins. Co
1,100 Cinn. Ham. <fc Day. RR.
Society Library
$115
37*2 Memp. & Little Rock
R’way Co
$1
294
Date.
11 Continental Ins. Co
185
61 Firemen’s Ins. Co
80
4 Knickerbocker Fire Ins..
70*3
20 Coney Isl’d & Br’kl’n RR.
76
100 Little Pitts. Con Min. Co. $30
25 Morcan. Mutual Ins. Co.
($12-50 per share paid.)
80c. per sh.
60 Firemen’s Ins. Co
79 x2
1 Clinton Hall Assoc’n
52
1 Free Membership N. Y.
20
this week at
Shares.
50 Nat. Bank of Commerce. 16712
500 Farmers’ Loan & Trust
Co
459467
50 Union Trust Co
580®5831*>
25 Central Park North &
East River RR. Co......
83*2
50 New Haven Steam Heat¬
Since Jan. 1.
....
.
.
$715,431
3,257.862
$12
51,553
Total 1888
$1,763
420,902
174,709
36,823
2,134
21,672
57,423
504,232
1,575,076
Imports.
Since Jan. 1.
$308,500
$50
9,850
Exports.
Silrer.
’
Since Jan. 1,
$5,961
..
Total 1888
Week.
—The New York Life Insurance
Company publishes its
forty-third annual report in this issue of the Chronicle. The
business of the year was largely in exce s of 1886, the num¬
ber of policies issued being 23,522, as
against 22,027 issued! in
1886, and insuring $106,749,295, as against $85,178,294 in the
previous year. All the figures presented in this reportrun
up into heavy amounts and indicate not only the popularity
of life insurance but the high favor in
which this company is
held. The net assets Janurry 1, 1888, were
$76,423,265, and
the surplus by the New York standard of 4
per cent, $11,‘
846,793.
assented to the plan.
Imports.
Since Jan. 1.
Germany
“
Washington Life Iosurance Company’s twenty-eighth
annual report is
published to-day in the Chronicle. Th9
figures all show an increase over the previous year; the net
assets January 1, 1888, were
$8,337,360, as against $7,813,631
January 1, 1887. Attention is called t) the new combinition
1888.
policy of the Washington Life Insurance Company,
It
guarantees to the holder of a$l,000 policy $1,500 at maturity.
$3,209,603 A
policy for $5,000 is a contract for $7,500. A policy for
6,569,112
$10,000 is a contract for $15 000. Say the amount of the
$9,778,715 policy is $30,000, the insured is guaranteed at
maturity of
endowment $30,000 cash and a paid-up life policy for
3 22.379,678
$15,000,
or a total of
$45,000, together with all accumulated and unused
43,225,010
dividends. Full particulars concerning this will be
given by
$65,601,688
the
report of the dry goods trade will be found the im
ports of dry goods for one week later.
The following is a statement of the
exports (exclusive of
specie) from the port of New York to foreign ports for the
week ending February 21, 1888, and from
January 1 to date:
“
245
NEW
YORK.
NEGOTIATE
State,
municipal,Railroad,
Water
and
Gas
Bonds.
MONEY ADVANCED ON MARKETABLE SECURITIES.
WE
OFFER
FOR
SALE
KANSAS
SEVEN
PER CENT
Price,
CITY,
104 and
WALL
LIMITED
AMOUNT
KANSAS,
IMPROVEMENT BONDS.
GRIS W OLD
3
A
Accrued
&
Interest.
CILLETT,
STREET,
N. Y.
44
THE CHRONICLE.
246
Cables, 4 87$@4 87$.
%\it gankers' (gazette.
DITIDENDSi
Per
Cent.
Company.
Railroad.
Boston & Albany
2
When
Payable.
Mch.
Books Closed,
(Day8 inclusive.)
31 Feb. 30 to
WALL STREET, FRIDAY, Feb. 24, 1888-5
The
Money Market
and
Financial
Commercial bills were 4 84$@4 84$;
Francs, 5 21$@5 21$ and 5 19$; reich¬
marks, 95$ and 95 5-16@95f; guilders, 40$@40$ and 40$@40$.
The following were the rates of domestic exchange on New
York at the under-mentioned cities to-day: Savannah,
buying $
premium; selling $ premium; Charleston, buying 1-16 premium;
selling 3-16 @$ premium; New Orleans, commercial, 50@75c
premium; bank, par; St. Louis, 75c. premium; Chicago, par.
Continental bills
The following dividends have recently been announced:
Name of
Situation.—The
Reading strike was
fully discounted in the market the day it was first known and
prices have not ruled materially higher since. This is another
illustration of the sluggish character of stock dealings at the
present time, as an event so important as the termination of
that strike might in ordinary periods have been made the
basis for a five to ten per cent advance.
Notwithstanding the general talk about a sluggish and
uncertain market, it is to be observed that the latter feature
of uncertainty is by no means extraordinary at this time of
year.
On the contrary, it is rather the rule than the
exception while Congressional action remains undeter¬
mined, and before the tendency of railroad earnings and
general business has been developed with the opening of
spring. This year, unfortunately, we have the long session of
Congress, and also a question of supreme importance pending
before that body, on the settlement of which the money mar¬
ket will greatly depend. Luckily for business, it is the interest
of all parties in Congress to “ make things easy,” and hence
we have little to fear; but the precise measures to be adopted
are matters of no little moment, and until they are settled
there is likely to be a tone of more or less hesitancy in the
markets.
Should a law be passed directing the purchase of
Government bonds to a very large amount at the market price,
it is obvious that such heavy disbursements would be likely to
cause a temporary superabundance of money, and
consequently
active demand for securities.
If the
foregoing remarks are approximately correct in show¬
ing briefly the present status of affairs, it is evident that there
are such good reasons for
present inactivity that it is to be
regarded as no particularly unfavorable sign.
The open market rates for call loans during the week on
Stock and bond collaterals have ranged from 2 to 2$ percent
and to-day the rates were 2@2$ per cent.
Prime commercial'
paper is quoted at 4$@5 percent.
The Bank of England weekly statement on Thursday showed
a gain in specie of £250,000, and the percentage of reserve to
liabilities was 46*78, against 46*35 last week; the discount
rate remains unchanged at 2$ per cent.
The Bank of France
gained 5,025,000 francs in gold and 3,475,000 francs in silver.
The New York Clearing House banks in their statement of
February 18 showed a decrease in surplus reserve of $2,205,900, the total surplus being $17,937,375, against $20,143,275
the previous week.
The following table shows the changes from the
previous
week and a comparison with the two preceding years in the
averages of the New York Clearing House banks:
1888.
Feb. 18.
Diffr'nc's fr’m
Prev. Week.
1887.
Feb. 19.
$
$
$
Loans and disc’ts. 366,249.400 Dec.
28,000 367,350,000
Specie
79,843,400 Dec.3,132,600 91,647,200
Circulation
7,661,200 Inc.
67,800
7,«4«,600
Net deposits
38^,908,900 Dee.3,098,000 391,778.800
Legal tenders
33,821,200 Inc. 152,200 21.776.700
Legal reserve
Reserve held
were:
The rates of leading bankers are as follows:
P. JU.
Sixty Days.
Demand.
4 87%3>4 88
Documentary commercial
4 85%3>4 86
4 84
rb4 84%
4 83%a4 84
Paris (francs)
Amsterdam (guilders)
Frankfort or Bremen (reichmarks)
5 193s®5 18%
5.2058^5 20
40
40% 40*% ®407,<t
95% @ 95%:
95%®955s
February 24.
wholesome effect of the cessation of the
an
[Vol XLVL
1886.
Feb. 20.
$
348,163,800
97,006.700
8,485,700
395,094,100
33,467,700
95,727,225 Dec. 774,500 97.944.700 98.773.525
113,664,600 Dec.2,98 0,400 113,423,900 130,474,400
Prime bankers’ sterling
Prime commercial...
bills on London..
Coins.—The following are quotations in gold for various coins:
Sovereigns
Napoleons
$4 84
3 84
X X Reichmarks..
X Guilders
4 74
3 96
Span’h Doubloons.15 60
Mex. JDoubloons„15 55
Fine gold bars....
par
@$4 87
@3 88
4 80
@4 00
3)
3> 15 75
'S’15 70
3)
Fine silver bars.. — 95%-3>
Five francs
— 93
®
Mexican dollars.. — 74%®
Do unconunerc’l — 74 'cb
Peruvian sols
—73%3>
English silver
4 78 3>
§. trade dollars
^prem. U.
—
74
96*2
—
95
—
75%
—
74%
4 85
3)
United States Bonds.—The market for Government bonds
has been
feature.
extremely dull all the week, and devoid of.
Prices have ruled firm and
week ago, the
The closing
reg.
coup.
reg.
coup.
^..reg.
reg.
Feb.
18.
Feb.
20.
Feb.
21.
any
higher than
Feb.
22.
Q.-Mar. *106% *10658 '10658
Q.-Mar. *107% *10759 108
Q.-Jan. 1255s *125% 125%
Q.-Jan. *12579 *125% 1257s
4s, 1907
4s, 1907
J. & J. *120
6s, cur’cy,’95.
J. & J. *122
6s, cur’cy,'96
6s, cur’cy,’97—reg. J. & J. *124
6s, cur’cy,’98—reg. J. & J. *126
6s, cur’cy,’99
reg. J. & J. ,*128
*
trifle
a
changes, however, being unimportant.
prices at the N. Y. Board have been as follows:
Interest
Periods
4*28,1891
4*28, 1891
are a
’
*120
*122
*124
*127
*130
This is the price bid at the morning
*120
*122
State and Railroad Bonds.—State
no
:
>>
C3
O
*124
*127
*130
board;
,
•
a
sale
was
Feb.
23.
Feb.
24.
*106*2 *108%
*107% *107%
*125% 125%
*121% *125%
*120
*122
"124
*126
*129
*120
*122
*124
*126
*129
made.
bonds continue dull, the
business
having been extremely limited all the week.
has been
no
There
feature to the market.
The railroad
bond market continues
pretty firm, and it is
prices is, in most cases,
fairly maintained. Business, however, during the past week
has not been active; the demand is fair and transactions are not
so
largely confined to the lower-priced classes as they usually
are in a more speculative period.
The changes for the week,
so far as there were any, have
generally been in the direction
of higher values.
The Chesapeake & Ohio bonds have recov¬
ered but little from their previous depression.
Rock Island
fives declined to-day, because bids for the $5,000,000 new
bonds were rejected yesterday as too low.
It is reported that
an attempt will be made to reduce the rate of interest on some
noticeable that the recent
advance in
of the M. K. & T. bonds.
Railroad and Miscellaneous Stocks.—The business of the
week
was interrupted by the observance of a close
holiday on
Wednesday (Washington’s Birthday) and on the remaining
days transactions have been very limited. There is no apparent
change in the situation or the outlook for the market, and the
same stagnant condition yet exists.
Speculation is restricted
to very narrow limits and neither side seems disposed
to make
any special effort to force the market up or down.
The effect on the market of the settlement of the Reading
strike was virtually spent last Friday, and during the past
week it has had no great influence in lifting prices.
The war
of rates among the Western roads still continues, and the
meeting of managers, held this week, adjourned without
coming to any agreement for a restoration of rates. The
situation, therefore, remains practically unchanged, and prices
are nearly so, except in a few
exceptional cases.
The only important movement of the week was that in the
Richmond Terminal stocks,which attracted considerable atten¬
tion.
Reports have been circulated of an improved financial
condition of the roads and attention drawn to their increased
earnings, but the impression has been quite general that
insiders were buying the stocks, and that this was the main
Exchange.-* Sterling exchange continues very strong in cause of the advance. The
preferred, especially, was very
tone, though dull.
The demand has been limited all the strong, and reached 69$ on Thursday morning, from which
week, and the strength of the market is due to the scarcity, point there has been some reaction. Other Southern stocks
were
stimulated slightly by this advance, and Memphis <&
of commercial bills, in which there has been no increase.
Charleston, which has been almost entirely neglected for a long
Posted rates were advanced $c. to 4 85$ and 4 87$,
though in time past, came into some prominence on Thursday and
the case of long sterling this rate has been asked
by some advanced from 53 to 57. East Tennessee 1st preferred alsodrawers all the week.
To-day a further advance of $c. was [ sold several points higher. St. Paul has shown some strength
and activity, which are attributed to the manipulations of a
made by some drawers.
pool
in that stock. Outside of these there have been no
To-day the rates on actual business were as follows, viz.:
features, and all the leading stocks have moved within narrow
Bankers1 60 days1 sterling, 4 85@4 85$; demand, 4
87@4 87$ limits.
Surplus
17,937,375 Dec.2,205,900, 15,479,200
31,700,875
February 25,
THE CHRONICLE.
1888.]
247
STOCKS—PRICES AT N.Y. STOCK EXCHANGE FOR WEEK ENDING FEB.
24, AND SINCE JAN. 1, 1888.
HIGHEST AND LOWEST PRICES.
STOCKS.
Saturday,
Monday,
Feb. 18.
Active RR. Stocks.
Atlantic & Pacific
Canadian Pacific
Canada Southern
Central of New Jersey
Central Pacific
Chesapeake & Ohio
Do
Do
lstpref.
2d pref..
Chicago Burlington & Quincy.
Chicago Milwaukee & St. Paul.
Do
pref.
Chicago & Northwestern
Do
pref.
Chicago Rock Island & Pacific.
Chicago St Iiouis <5; Pittsburg
Do
prof
Chicago St. Paul Min. & Orn...
Do
pref
Cleveland Col.Cm.& Indianan.
Columbus Hocking Val. &Tol.
Delaware Lackawanna & West
10
10
58*2
535s
54
pref.
East Tennessee Ya. & Ga. R’y.
Do
1st pref.
Do
2d pref..
Fort Worth & Denver Citv....
Green Bay Winona <fc St. Paul.
Illinois Central
Ind. Bloom. & West
Kingston & Pembroke
Lake Erie & Western
Do
pref.
Lake Shore & Mi6h. Southern.
Long Island
Louisville
Nashville
3%
3
6*2
6
5
*4*2
3%
1283* 1283* 12858
70% 77%
7638
*11534 116
115%
1083s 109
108%
*14312 144% 143%
112*4 112*2 113
*12*2
Miehignn Control
m r.
Mil. T.oko Slinro.
WeRt
Do
*60
*22
*86
42
Missouri Kansas & Texas
Missouri Pacific
Mobile & Ohio
Nashv.Chattanooga & St. Louis
New York Central
Hudson.
New York Chic. & St. Louis...
Do
lstpref.
New York Lake Erie & West’ll
Do
pref.
New York & New England....
New York Ontario & West....
New York Susq. & Western...
Do
pref.
Norfolk
Western
Do
Northern Pne.ifie,
Do
Ohio & Mississippi
23
88
43
10*2
61*2
213*
*86
Philadelphia Co., Nat.
27*8
273ft
62
62
38
*60
17*2
9*8
32%
*17
26%
3738
18
45*2
22*2
22 7b
64
86
*31%
12*2
72
27*8
62
38
21%
213ft
44 7e
45
21*2
19*2
667s
‘223*
63*2
56*2
104
109
38*2
253ft
3S7b
76*2
110*2
f>‘2 % 523*
93% 933*
36% 36*2
10634
*140
American/....
United States
WTells, Fargo & Co
108% 108%
72
72%
*129
131
142
78*2
142
7878
145
Snntn
Chicago & Alton
Chioago & East. Illinois
Do
Chicago & Ind. Coal
pref.
Rail wav.
Cine.in, Trid St Louis
Cnio
Cincinnati WTash. & Baltimore.
Do
733*
*983*
99
*138
Marquette Hough. & On., pref.
7e
22*2
63*2
56*2
104
110
*3-3% 34*2
71*2 71%
112*8 112%!
*55*2 57
103*2 103*2!
109*2 109*21
25*8 25%
56
56%
*14*8 1434
26*2 26*2
38%
76
109 7ft 110
*36
523ft
93*2
1417s 141%
143
143
131
131
733*
99*’
*136
41%
*89*’
*78*’
73%
99*2
*140
108
73
131
73%
99*2
*136
41%
90%
42
92
3*2
*5 *2
793*
3*2
6%
87
87
*153
*11
12
41%
90*2
41*8
52
94
1417ft 1417s
78% 785s
1073* 107%
73
73*2
38*2 38%
*75*2 76
109% 10934
52%
36% 36%
102*2 103%
78*8
81%
•
.
4
.
.
78%
*140
.
145
140
41*2
90*2
41%
105
93%
36%
105
141*2 141*2
7834 79%
143
73%
1
99%
140
41
*90
40%
92
79
*89*2
*3%
*5%
4
6
*3%
*5%
88
36*2
143
107*2 107% *107
110
72*2 73%
73% 73%
*128
129
132
132
*89 *>
79 -J
*86
79
7334
99*2
53%
81%
38*2 38%
*75*2 76*2
109*2 109*2
93%
•
36*2
104
104%
141*2 142
145
131
53%
8034
30%
52
36*2
78*2
108%
73%
79
*86
73%
*830
1
31
88 7s
11
36
170
39
152% 152%
*11
36% *35
*162
168
*165
*36
39
*36
9*2
8*2
'8
8*2
36
26%
26%
32
31
263*
31*8
313s
30%
31
90
88
88 7e
12
36'
168
39
9
96*2
26*2
31%
9634
263|
31%
30%
87*8
30%
89%
the prices hid and asked; no sale was made at the Board.
2,775
9% Feb. 14
55% Feb. 6
52
75
10% Jan. IO
62% Jan. 3
16,535
35*2
*164
36*2
*8
97
*26
31
30
87*2
34*2 Jan. 20 38%
7434 Feb. 15 78
2,180 103
3 112
Jan.
650 45% Jan.
5 55
400 89 % J an.
5 94%
l,605j 34% Jan. 24 37%
1,030 99
Jan. 18 106%
613 140
Jan.
5 144%
30,360 76% Jan. 23 79%
240
Feb. 17
Jan. 18
Jan. 30
Jan. 18
3
Feb.
Jan. 16
Feb. 15
Jan. 30
Feb. 24
16 143
364 106%
283 67
35 128
0 145
Jan. 23
3 108% Jan. 26
Jan.
Jan. 20
4! 74
Jan. 19 132
Feb. 24
156 70
130 93%
25 135
400 41
5 90*2
300 40%
10
20
10
30
26
21
9
2
9
24
7
27
17
12
10
6
11
27
23
9
Jan.
Jan.
*8*2
9*2
31%
26%
31%
26%
31%
30%
89%
3034
88%
30%
3,240
91% Q,777*000
140
*136
140
41
*40% 41%
90 %i *90
90%
42
40% *40
79
3%'
6%
88
*89*2
7834
3%
5%
*86
78%
3%
6*2
88
*153*2 155
11
2,395
Jan. 12 75
Feb.
Jan. 3.3 99% Feb.
Jan.
9 140% Feb.
Feb. 23 43% Jan.
Feb. 21 94% Jan.
Feb. 23 41% Feb.
91*2 Jan. 27 94
Jan.
218 75*2 Jan. 25 80
Feb.
200;
3*2 Feb. 20
4*8 Jan.
2,400
5*2 Feb. 13
6% Feb.
Feb.
lOOj 83% Jan. 4 91
5l| 135
Jan.
3 139% Jan.
5 151
Jan.
5; 153 Jan.
300 10
Jan.
5 13% Jan.
1,600 33*2 Jan. 4! 38% Jan.
163% Jan. 10 166
Feb.
100 36
Jan. 19 39
Jan.
100
7% Jan. 31
9% Jan.
300 88*2 Jan.
4 97
Feb.
800 25% Feb. 14 30
Jan.
1,400 27% Jan. 4 32% Jan.
99%
'
11
125
600
10*8
57
Feb. 13 56% Jan.
9
Jan.
3 81% Feh. 24
900 29% Feb.
30%
4
33% Jan. IO
3
3
805
2 % Feb. 13
5% Feb. 4
884
5*2
5*2
5% Feb. 23 10
Jan. 24
4
4
519
3% Feb. 20
7% Feb.
7
868 125% Feb. 10
127*2 127*2
130% Jan. 27
77% 78
93,810 74 Jan. 4 78 Feb. 24
115% 115% ! 115% 115%
485 112% Jan.
4 116
Feb. 17
108% 109% ! 108% 108% 20,355 106% Jan. 4 110% Jan. 30
144
144
42 140*2 Jan.
*143*2 144*2
6 145% Feb.
1
113
113
113% 113
830 111*2 Feb. 15 114% Jan. 27
*12*o 14
*12*2 14
13
Jan.
4
14% Jan. 10
*35
37
*40
42
35
Feb. 14 38% .Tan.
6
38% 38%
38*2 38%
1,510 36% Feb. 14 40% Jan. 10
105 105 *> Feb. 14 109
.Tan. 27
*50
550 51% Feb.
52%
51*2 51%
9 53% Feb. 16
*21
24
22
22
300 21
Feb. 21 25% Jan.
9
130% 130% 130*2 131% 44,550 128*2 Jan.
5 133% Jan. 30
*21
21%
21
Feb. 17 23
6
Jan.
52% 52%
568 51% Feb. 14 55
52% 52%
Jan. 28
10% 10*2
750 10
10% 10%
Jan.
3
10% Jan. 12
64
65
870 59% Jan. 25 65
*62*2 64%
Feb. 23
22% 23%
23
1,010 20% Feb. 15 23% Feb. 24
23%
*87*2 88
*87*2 88
87
Jan. 20 88% .Tan. 10
43
43
43
43
1,250 40% Jan. 20 46% Jan. 3
9%
*9
200
9%
9*2
4
8% Jan.
9% Jan. 27
116
116
116
543 116
117
Feb. 23 122% Feb.
3
12 *2 13
*12
13
800 12
Feb. 11 14
Jan. 20
31
31
*30
31
200 27% Jan. 16 31
Feb. 13
15% 15% *15*2 16
325 14*2 Jan. 24 16
Jan. 30
46
46
46%
46
775 44
Jan. 20 47
Jan.
9
91% 92
9134 92% 49,220 90% Feb.
8 95% Jan.
9
*90
92
*90
140 89
92
Jan.
9 91% Feb. 11
59% 59%
59*2 5934 11,450 58% Feb. 14 64% Jan.
9
*35
40
39
Jan. 10 39
Jan. 10
88% 90%
90*8 93*2
4,630 85*2 Jan. 24 96
Jan. 10
53
57
2,907 52
Jan.
9
57
Feb. 2R
82
82
322 80 34 Feb. 20 87% Jan.
9
70
70
*65
75
100 65
Feb. 11 80
Jan. 10
*98*2 100
*98
200 97
100
Feb. 15 104% Jan.
5
7
*6*2
*6
7
100
3
5*2 Jan.
9 % Jan. 11
*
14
14
100
14*2
14
Feb. 15 17% Jan.
9
1634 16%
480 16
16*2 16*2
Feb. 13 18% Jan.
5
84% 85%
85% 86% 12,410 82% Jan. 20 89% Jan.
3
11
11
18
*11% 12*2
6 13% Jan. 27
9% Jan.
*78
79
200 76
78*2 78*2
Jan.
5 80
Jan.
9
107*2 107*2 107% 107%
1,794 106% Feb.
8 108
Jan.
9
*15% 16%
100 1534 Feb. 14
17% Jan. 27
'68
69
*68
40 6(5% Jan.
69
4
73
Jan. 27
*32
33*^
31 *2 Jan.
4
37
Jan. 30
26% 27*8
26% 27*8 18,960 26% Feb.
8 29*8 Jan.
9
61
61
350 (51
Jan. 20 65% Jan. 10
37*2 37%
37*2 38
8,650 36
Jan. 24 39% Jan. 10
17
17
566 16 34 Jan.
*1634 17
4
18% Jan.
9
8%
8%
70
*8%
9%
8 % Feb.
4
9% Jan.
7
*31*2 32*2
410 29*2 Jan.
32*2 3234
5 33% Jan. 30
*16
18
*16*2 17*2
1534 Jan. 20 18% Feb.
2
45
46
6,055 42% Jan.
45% 45%
4 47
Jan. 30
328 2034 Feb.
8 23
Jan. 10
4434 45%
45
45*2
5,687 4334 Feb. 9 47% Jan. 10
*2334 24% *23 *2 23%
200 23
Jan.
5
25
Jan. 31
21*’ 21%
21*2 21%
1,745 20*2 Feb. 13 22% Jan. 18
19
19
19
490
19
1834 Feb. 14 23
Jan. 11
(56*2 66 'h
66% 67
130,070 (53% Jan. 20 67% Feb. 18
23% 24%
23% 24% 79,310 21% Jan. 25 2 4% Feb. 2a
67% 69%
66*2 68
11,170 55
Jan.
6 69% Feb. 2a
*83
85
85
408 82*2 Feb. 13 88
85
Jan. 31
*33% 3434 *33*2 34*2
150 34
Feb. 16 36% Jan.
5
71*2 72 %
72
72%
1,394 70*2 Feb. 13 73% Jan. 30
*111
275 111*2 Feb. 11 110
112*2 *111*2 112*2
Jan. 16
56% 56% *56
350 55*2 Feb. 18
57
62% Jan.
3
104
104
445 100% Jan.
103*2 103*2
3 105
Jan. 28
109
109
500 109
Jan. 18 114% Jan. 23
25% 25%
25*2 26*8
24*2 Jan. 20 27% Jan. 30
56*2 56%
56% 57
30,925 54 % Fel). 8 58% Jan. 3
*14
14 34
nO
14% *14
13*2 Feb. 14 16
Jan.
3
*26*2 27
*26
300 25*2 Jan. 23 28% Jan.
26%
6
550
53% 53%
5334 5334
44% Jan.
3 55
Feb. 13
1095ft110
52
94
80%
*30*2
*10
57
Highest
3,5251
53%
37
106%
*
W
23%
7(5
523ft
93*2
0
67*2
38
93
Whitehreast Fuel Co
Columbus & Hocking Coal....
26%
Tennessee Coal & Iron
32
Various Stocks. Ac. (Uni isted.
65
q
21%
44%
24*8
21%,
19*2
66*2
38%
76*2
*91
*153
South Carolina
are
*1834
q
18
45
38
76*2
*41*2
36
pref.
Renssalear <fc Saratoga
*163
St. Louis Alt. & Terre Haute..
*36
These
44%
24*8
21%
•
9%
32%
53 7s
93% *x90
42% *41*2
Do
*
7s
21%
37%
17
1H8*>
Quicksilver Mining Co
Amer. Cotton Oil Trust
Pipe Line Certificates
44
62
54
42%
88
*16
26%
54
*93
*86
Morris & Essex
Pitts. Ft. Wayne <fc Chic
167h
*87ft
*31*2
69
33*0
14*2
2 6*2
*4l78
pref.
*32
2(5 5s
*60
37
84*2
34
72
Inactive Stocks.
*70
85
2538
57*2
14*2
26*2
565ft
*76
110
16*2
107*8 107*2
*15*2 16*:
*68
32*’
18
453ft
34
72
34%
6%
79
68
34
10*8
57%
53%
Lowest.
Shares.
-
15
*78
*16
44 7b
213s
*183*
66 %
225ft
63*2
84*2
81*2
*11%
173s
9%
*9
593ft
40
89
12*o
78
68
*32*>
69
34
78
92
16*2
843g
*68
*33
Pullman Palace Car Co
Western Union Telegraph
Express Stocks.
Adams
Amerie.nn Tel .fy Cable. Co
Atchison Top. &
Fe.
9134
165ft
85%
107% 107*2
*15*2 16*2
,
*
Gas
165s
84%
*11%
*78*4 79
107% 107%
16*4 16%
111
111
25 5g 26
57
57%
*14
15
*26*’ 27%
54
54
Pacific Mail
91%
65ft
112*2 112*2 111*2 111%
Consolidated Gas Co
Delaware & Hudson Canal
Oregon Improvement Co
Oregon Railway & Nav. Co...
16
46
*13*’
34%
71%
Colorado Coal & Iron
46
99
7
15
*83
pref.
*15*2
99
*6
55*2 55*2
105
pref. '104
Erie
32*2
*8138
165s
12%
*31
82*2
18%
663*
22%
633s
miscellaneous Stocks.
117
803*
12*>
43%
9*2
12%
82%
Oregon & Transcontinental..
Do
*9
117
82*4
455ft
Union Pacific
Wabash St.L. & Pacific
88*>
90%
32%
& Manitoba.
*2134
43*8
40
*
22
5234
10*2
61%
22*2
*86
89*2
*16
45
pref.
T
*21
52 34
*10
61
905ft
*35
24%
21%
18 34
67*2
Wheeling <fc Lake
88
43
42*2
*8*2
53*2
21*2
130% 130%
*10
*60
4558
Do
St. Paul Minneap.
Texas <fc Pacific
130*2 131
21%
*52%
21
10%
61*2
*24
21 7b
1st
24
54
pref.
Do
53*q
22
53
85 7s
6
*35 lo
90*8
*21*2
St. Paul & Duluth
3%
38%j
53*8
40
17*2
9*8
Peoria Decatur & Evansville.
Philadelphia & Reading
Richmond & West P’tTerminal
Do
pref.
Rome Watertown & Ogdensb’g
St. Louis & San Francisco
Do
pref.
*3
*90
59
*35
89
37 %
pref.
36%
57%
53*2
Range Since Jan. 1,1888.
Week,
Feb. 24.
31
3
3
6
5*2
4
4
126
126
77
77*2
77
76% 77
115% 115*2 115*2
108% 107 7e 108*2
143% 144
144
113
112% 112%
14
*12*2 13*2
9*2
117*2 *116*2 117*2
12
*11
12*2
31
*31
32*2
16
*15*2 16
*45*4 46
*4538 46
92% 92 *2
91*2 92*8
91
*90*2 92
91
59 78 60*8
59*2 60*8
16*2
853a
31
3%
*4
5
128% Xl265sl2658
117
12
31
16
*11
53*2
80%
57s
*21
53
75
100
7
*6%
*12
15
*10
58
53%
79*2
*30*2
Friday,
Feb. 23.
9%
58
6
*22
1313s
22*2
*52*2
10*4
97s
Thursday,
Feb. 22.
37
37% 38 »4
1073i 1073, *107 lo 10.8 *>
39
107*o 107*0
53
53
*22
24%
*65
*97
pref.
Minneapolis & St. Louis
*34*2
38%
38%
131
10
307e
Wednesday,
Feb. 21.
58*2
53%
80*2
307r
3%
53*2
80*8
805s
*35
Manhattan Elevated, consol..
Momphifi
Charleston
*9%
*57
31*2
3%
6*2
*21
Do
Feb. 20.
58*2
80
31
Tuesday.
Sales
of the
*153*2
*10%
35*2
35%
11
168
36*2
9
97
27
*164
'36
12
35%
168
38
4
29*2 Jan.
85% Jan. 17
30
34% Jan. 17
97% Jan. 10
CHRONICLE.
THE
218
fVoix. XLVI.
BANGE
SINCE JAN. J, 1888.
:■
BONDS-LATEST PK1CES OP ACTITE
BONDS ' AT
N.2 Y.' STOCK
EXCHANGE,M'.V:
AND
1
A
I
I
'; {I’J
:>v i
v
'
t
■
AtL A Pac.—W. D. inc., 6b,
GuarM 4s, 1937
OaD. South.—1st guar., 5b,
_
•
Ftb. 24 Ftb. 17
1910
1908
■i
r
1898..
1900
"Central Paeifle—gold 6b,
<*
:
'
Ban Joaquin Br. 6a.
Land grant 6s. 1890
Mort. 6s, 1936...
...
-Ciiea. & O.—Pur. iu. fund 6s, ’98
6a, gold, eer. B, 1908, coup, ofl
-
:
Exten. coup.,
4s, 1986
6a, currency, 1918
101*2 Jan.
114 b. 113*2 Jan.
11438
H5*2b. 115*2b. 1145a Jan.
103 b. 102
103
Jan.
1( 3%b.
10278 Jail.
107 b. 106
105*4 Feb.
66*2b. 66*8b. 65*2 Feb.
66
66*8
65*2 Feb.
20 *2
19
Feb.
18
99
b. 90*2 Jan.
100*2
Mort. 6e, 1911
Ches. O. &8o. W.—5-Gb, 1911... 103 b.
Chic.Bur. & Nor.—1st, 5b, 1926.
Chic. Burl. & Q.—Con. 7b, 1903. 131*20.
106
b.
Debenture 5s, 1913 —
91*4
Denver Divis., 4s, 1922
-Chic. & East. Ill.-Con. 6a, 1934 117 b.
Chic. & Ind. Coal R., 1st, 5a, ’36 90 a.
-
•
■
Ch.Mil.& Bt.P—lst,I.& M.7b,’97
Consol. 7s, 1905
lat, So. Min. Div.—6b,1910—
1st, Chi. & Pac.W.Div—5s, ’21
Wifl. & Min. Div.-5s, 1921....
Terminal 5b, 1914
'Chic. & N. W.—Consol. 7s, 1915
Gold, 7s, 1902
Sinking fund 6s, 1929
Sinking fund 5s, 1929
-
>
-
-
Jan.
Ftb.
Jan.
b. 113*2 Jan.
112
Leh. & W.B.,cou.7b, I909,ae’nt 114%
104
Aim I>oek <te Imp., 5b, 1921. .. 104 b:
'
115
102
98
b.
118
125%b.
112*4b.
10478b.
101
101
Jan.
Jam
Feb.
Jan.
Feb.
128 b. 123
109
I08%a. 107*2
Gen. 6b, 1934
100
Col. Coal & Iron—1st, 6s, 1900.. 10138b. 101%
72
70*2
■Col. H. Val. <fe Tol.—Con. 5s, ’31 73
707ea. 72 a. 70
Gen. gold, 6s, 1904
120 b. 119*2
Denver & Rio Gr.—1st, 7s, 1900 120
78
78
76*2
1st con. 4s, 1936
Den. & R. Gr. W.- 1st, 6s, 1911. 72 b. 71 b. 71
64 *2b.
6t %
65*8
80
a.
80 a.
78*2
-Den. So. Pk & Pa c1
40
34*2
Det.Mac.&M.—Ld.gr.3*«8,1911 39*2a.
99
95%
A2.Ten.V.& G. Ry.—Con.,5s, ’56 99*4
Eliz. Lex. & B. Sandy—6s, 1902. 102 b. 102 %a. 97
13578
Erie- 1st. consol, gold, 7s, 1920 137*2b. 137
113*4b. 113 b. Ill
Long Dock, 7s, 1893
117 b. 116*2b. 116%
Con. 6s, 1935
98
97*8
N.Y.L.E.&W—2dcon. 6s, 1969 98
80*2
79
.-Ft. W. &Deuv. C. -1st, 6b, 1921 81V
«Gal.Har.& San. Ant.—lbt, 6s, ’10 102 *4 b. 105 a. 10534
a. 104
98
b. 103
2dM.,7s, 1905
West. Division—1st, 5s, 1931. 92 a. 92 a. 91
Jan.
■
s’t*,’ 7a’,’’05
.
*30
31*2
b.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jam
Feb.
Jan.
Jan.
Jan.
Jar.
Jau.
Jan.
Jan.
Jan.
Jan.
m
m •
99%
96*2b. 96*2
E. H. & N.—lat, 6b, 1919
114*4b. 114 b. 114
112 b 109%
112%
General, 6a, 1930
Trust Bonds, 6s, 1922
109 b. 10b 7tib. 108
102*2b. 102*21*. 104
10-40, 6s, 1924
Lou. N. A. & Ch.-let, 6s, 1910. 109*2b. Ill a. 109
Consol., gold, 6b, 1916
91*21*. 92
90*2
Mem. <fe ChTston—6b, gold, 1924 101 b.
100
Metro. Elevated.—1st, 6b, 1908. 113%
112
b. 111*2
107
104 b. 103
2d, 6b, 1899
Mich. Central—1st, con., 7b. ’02 1130 a. 133 a. 127
Coiisol. 5s, 1902
>110 a. 109 b. 109*2
112
Miss’riPac.—1st, cons., 6s,1920 112
112'">8
2d mort., 7s. 1891
Jan.
Feb.
Jau.
Jan.
Feb.
Jau.
1105
...
b.
95
133*2
107 58
121
Jan
Feb.
Feb.
Feb.
100*2 Jan.
129
103
104
Feb.
Ftb.
Jan.
73% Jam
75
121
Jan.
Jan.
Jan.
79*2 Jan.
Feb.
Jam
9978 Jan.
Jan.
Jan.
105*2 Jan.
92*2 Jan.
104
11458 Jam
114
Feb.
108*2 Jan,
69
Feb.
112*2 Jan.
89*2 Jan.
71*2 Jam
88
18
Feb.
Feb.
111*2 Jan.
77
Jan.
75
Jam
94*2 Jail.
105
Feb.
L27
Jam
125
Jam
121
Jan.
Feb.
Jnm
Jan.
Jan.
J;im
107
130
Feb
Jan.
Alabama—Class A 3 to 5
1906
Class B, 5s
Class C, 4s,
1906
1906
6s, 10-20
1900
Arkansas—6s, funded..1899-1900
7s, Little Rock & Fort Smith, iss.
106*4 107
110
100
103*2
78, Memphis & Little Rock, iss..
7b, Arkansas Central RR
Georgia—7s, gold
1890 105*4
Louisiana—7s, cone
1914 105
92
Stamped, 4s
M lohifiran—7s
1890
105
15
20
20
15
103*2 Jan.
105% Feb.
b.
b.
99
31
9J*2b.
96%
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Feb.
99*2 Jan.
31*2 Jan.
b.
75*2a.
108
........
a.
104*2b.
74
55
b.
b.
75
106
118
72.
55
b 109
b. 100
b. 118
116
a.
108
b. 107
55*9
b.
b.
b.
b.
113
10278
1027s
a.
il2*2b.
109
b.
lub
10 {
75
.....
102
Jan.
Jam
9m Jan.
108%b. 10834 F. b.
99*2
95*4 Jam
95*4
93
Jau.
109
105
116
115
108
Jan.
Jan.
Jau.
99
104*2
1“1 *4
West. Shore—Guar.. 4s
113
Jan.
Feb.
Jau.
Jan.
Jam
Jan.
Feb.
Jau.
Jail.
10l34 Jan.
100*2 0.
93
41
!
i()8%
Jau.
Jan.
12*4 Ft b.
108
101
b. 103
K 8*2 Jan.
116
Jim.
105*« Jan.
-
51* Feb.
93*2:Feb.
130
106
135
Jan.
t33
Jan.
Jan.
49
i).
90
b. 109
b. 108
89
b.
85
b. 108
b.
Feb.
11034 Feb.
90*4
117*2
1293J
108*2
106
113
93
Jan
Jan.
JaD.
113*2 Jan.
80
117*8
116®a
105*2
102*2
115*2
118
104
34
76
100
110
100
Jan.
Jan.
Jan.
Jan.
Jan.
Feb.
Feb.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
96*2 Feb.
109
10675
Jan.
Jan.
Jam
59*4 Jan.
1 147b Feb.
1' 0
Jan.
118
Feb.
115*2 Jan.
It 9
103
101 *4
41
113
Feb.
Jan.
Feb.
Jan.
Jan.
110*4 Jan.
104*2 Feb.
38
Jan.
104*4 Feb.
4^*2 Jan.
111*2 Jan.
112
Jan.
105*2 Jan.
92*2 Jan.
118
Jan.
118*2 Jan.
118
Jan.
115*2 Feb.
10 i
Feb.
li*l*2 Feb.
113
Feb.
118*2 Jam
116*4 Feb.
97
Jan.
92*4 Feb.
36*4 Jan.
102% Feb.
Feb.
1834 Jan.
LlJ^sFcb.
85
Feb.
51*2 Jam
70*2 Jan.
62
Jam
9 J*2 Fob.
105
Feb.
93
Jan.
Jam
97% Jan.
93% Jan.
115*8 Feb.
Jam
119
Feb.
Feb.
Feb.
Jam
112*2 Jam
Jam
Feb.
10534 Feb.
Feb.
103*2 Jan.
Jan.
Feb.
Jam
9834 Feb.
Jan.
90
Jan.
L09
Feb.
1.09
Feb.
*1
88*2 Feb.
109
Feb.
Jan.
90
101*2 Feb.
Jam
Jam
b. 84
Feb.
b. 107*2 Jan.
b. 107*2 Jan.
b. 88
Jan.
83
.
Jan.
Jam
Jau.
Jan.
b. 114
.
Jan.
Feb.
to
85
101
91*2 Jan.
.
Feb.
Jan.
108
88
Feb.
Jan.
99 V Jam
101 *8
Jam
111
115
82
47
and the range are from actual sales.
BONDS.
due 1889
or
1890
University, due 1892
1892-1898
102
107
107
20
7
10
1910
1919
i*2*i
Bid.
SECURITIES.
Bid.
Funding
1894-1895
New York—6s, loan
1892 111*2
6s, loan
1893 112
North Carolina—6s, old
35
J&J
10
Funding act
1900
6s
32
74
Jan.
Feb.
73**'Jim.
63*4 Jan.
b.
b.
SECURITIES.
Consolidated 4s
117
Jan.
Jau.
Jan.
110
59
85
96
Tol.St.L.& Kan. C.-lst.Gs, 1916 92*20. 93
Union Pacific—1st, 6s, 1899 — 114*2 0. 115
10314b'.
Land grant, 7b, 1887-9
Special tax, Class 1
92*2
117
Jan.
Jan.
Jan.
Jan.
! Jan.
108
0.
Ftb.
New bonds, J. <fc J
Chatham RR
45
110
60
93
113*2 Jan.
Missouri—Os
Asylum or
b
91*4
103*2b.
Wabash—Mortgage, 7s, 1909.. 88
Tol. & Wab.—1st, ext.. 7s, ’90 109
108
1st, St. L.Div.. 7s, 1889..
90
2d, extended, 7s, 1893...
85
Con., conv., 7s, 1907...:.
108
Great West.—1st, 7s, 1888.
88
2d, 7s, 1893
STATE
Bid. I Ask.
49
120*2 Jan.
1173s Jan.
108
Bote—The letter “ b” indicates price tod, and “ a” price asked; all other prices
SECURITIES.
105*2 Jan.
Highest,
IO.V4 Jail.
47 *2 Jan.
6S*4b. 6 S*2 Jan.
Feb.
Feb.
110*2 Jau.
118
99
Feb.
b. 108*2 Jan.
118
118*2b. 1185s
109 %b. 109*2
109*2
110 b. lie b. 10934
115 b. 115 b. 114*2
Denver Div.—6s, 1899
104*2
105%
1st consol, 6b, 1919
10134
101
100
Oregon Sh. Line -1st, 6s, ’22.. 1013s
81
73
Virginia Mid.—Gen. m., 5s, 1936 82
45 b.
45
Wab. St.L. & Pac. - Gen., 6s, ’20 45 b.
98
91
Chicago Divison—5b, 1910— 98%
Feb.
Jam
Jan.
Fen.
1027s Jam
116*4 Jau.
Feb.
1167s Jan.
Sinking fund, 8s, 1893
Kan. Pacific.—1st, 6s, 1895
1st, 6s, 1896
112% Jan.
93
b
116
—
9934 Feb.
110
104
2d, consol., 7s, 1911
Ohio Southern—1st, 6s, 1921.
2d,inc., 6s, 1921
Omaha & St. L.—1st, 4s, 1937..
Oregon Impr. Co.—1st, 6s, 1910
Ore. R.&Nav.Co.—let, 6s, 1909
Consol., 5s, 1925
Oregon & Transcon.—6s, 1922..
Peo.Dec. & Evans.—1st, 6s. ’20.
Evansv. Div—1st, 6s, 1920...
2d mort., 5s, 1927
Rich & All—1st, 7s, 1920. tr. rec
Ricbm. & Dan.—Cons., 6s, 1915
Debenture, 6s, 1927
Roch. & Pitts.—1st, 6s, 1921...
Consol., 6s, 1922.
RomeW.
Ogd.—1st, 7s, 1891.
Consol., extend., 5s, 1922
St Jo. &Gd.Isl.—1st, 6s, 1925
2d, income, 5s, 1925.
St. L. Alt.A T.H.—1st, 7s, 1894.
2d, M., pref., 7s, 1894
2d., M., inc., 7s, 1894
Dividend bds, 6s, 1894
St. L. Ark. <fe Tex.—1st, 6s, 1936
2d, 6s, 1936
St. L. & Ir. Mt.—1st, 7s, 1892...
2d mort., 7s, 1897
So. Pac., Ari.—1st, 6s, 1909-10..
So. Pac., N. M.—1st, 6s, 1911. .. 108 b.
Tex. & Pac.—Inc. & Id gr, 7s, ’15 4834
68
b.
Rio Grande Div.—6b, 1930
60
Gen. mort. &term., 6s, 1905..
98 %b.
Tol. A.A. & N. M.—1st, 6s, 3 924.
Tol.A.A. <fe Gr.Tr.—1st, 6s, 1921 105
ti6 b.
Tol. Peor. & West—1st, 7s, ’17 .
Tol. & Ohio Cent.—1st, 5s, 1935 95 b.
11134 Feb.
114
113
b. 119
Feb.
Jau.
40
a.
38
Jam
103*2
103*8
Jan.
98
4 >
a.
44
0.
403i Jan
107 *2b. 106 b. 108
Feb.
110
109
Jan.
104
b.
104%
104*8 Ft b.
Cairo & Fulton—1st, 7s, 1891
88*2b. 87 b. 88
Feb.
Gen. Ry. & land gr., 5s, 1931.
b. 113*4 Jan.
St. L. & San Fr.- 6s., Cl. A,1906 110*2b. 116
116*20. 116 b. 11538 Jan
6s, Class B, 1906
117
116*2b 114
Jail
6s, Class C, 1906
115*8’). 114 b. 112*2 Jau.
Gen’l mort., 6s, 1931
102 %b. 102*2
10ii3s Jan.
Gen’l mort., 5s, 1931
100
Jan.
So. Pac., Mo.—1st, 6s, 1888... lol^b. 101*2
Jam
St. Paul M. & M.—1st, 7b, 1909. 112*2b. 112*20. 112
118*20. 118*2
117
Jam
2d, 6b, 1909
115
115
114*2 J im
1st cons., 6b, 1933
Do
reduced to 4 *28.. 98 *2a. 96 *2b. 96*2 Feb.
90
Jau.
Shenandoah Val.- 1st, 7b, 1909 92 a. 92
33
b.
34*2
-34
Feb.
Gen’l mort., 6s, 1921...:,.
101*ib. 97
102*4
Jan.
So. Carolina—1st, 6b, 1620
79
b.
79 b.
69
Jam
2d, 6s, 1931
15
b.
17*2a. 15
Jau.
Inc., 6s. 1931
111
Jam
So. Pac., Cal.—1st, 6s, 1905-12.. 11358b. 1135s
Jan.
99*2 Jan.
104
Jan.
43
123
110
101 5g
ICO
115 a. 110
.
80% Feb.
Feb
Jan.
Jail.
'
73
Feb.
68*2 Jan.
32
106
..
..
110*2 Feb.
109*2 Feb.
105*2 Jan.
Jan.
115
118*«a.
i 101 b. •H o o 13° & 100i2 Feb.
....
132
121
Jan.
Feb.
Feb.
32*2 Jan.
2d, 6s, 1930
8d, 7s, 1906
Pac. of Mo.—1st, 6s, 1888
143
122
Jan.
97 7e Feb.
110
Jau.
115*2 Jan.
b. 125
•
10178 Feb.
101*2 Feb.
*30
b. 125
Feb.
b. 122*2 Jail.
121
b. 120*2 Jan.
Long Island—1st, 7s, 1898
Ill
Jan.
111*2
1st, consol., 5b, 1931
X»ou. & Nash.—Con&ol., 7s, 1898 121*21). 121 b. 120
Jam
N. O. <fe Mobile—1st, 6s, 1930. m*4h. 109 *2b. 1<’8*8 Jail.
-
Feb.
Jan.
Feb.
Feb.
119
124*4b. 124
-
118
126
114
105
137*2 Feb.
Xnd.Bl. <feW.—1st, pref.,7s, 1900
112*2 Jan.
70 b.
85 b. 85
Jan.
let, 5-6b, 1909, tr. rec
65 a. 68*2 Jan.
2d, 5-6b, 1909, tr. rcc
70 b.
East. Div.—6s, 1921, tr. rec..
87
Jan.
17
20 a.
Feb.
16
Income, 6s, 1921, tr. rec
100
Int. & Gt. Nor.—1st, 6s, gold, ’19 105
i-9
Feb.
Feb.
71*2b. 68 b. 70
Coupon, 6b, 1909
71
71 b. 69
xEent. Centr.—Gold 4b, 1987
Jam
Knoxv. <feO.—1st, 6s, gold, 1925 92 b. 92%
89*2 Jau.
JL. Erie & W.—1st g., 5s, 1937
104*4b. 101*2 Jan.
125
117*4 Feb.
100*4 Feb.
114
117
........
Con. coup., 2d, 7s, 1903
Jar.
Jan.
Jan.
Jan.
Jan.
........
LakeSh.—Con.coup., let,7s,1900
LC6
95
Lowest.
84*2
13t> b. 128 %
106
1C414
134*ea. 132%
110 34
109
131
b. 128*2
8889
86*4
N.Y.Chic.&St.L.—let, 4a, 1937.. 893s
1 L5%b. 115
1L418
N.Y. Elevated—1st. 7s, 1906
128%
127
N. Y. Lack. & W.—let, 6b, 1921. 129
110 b. 109 b. 1077s
Construction, 5s, 1923
106 b. 105 *2b. 1023s
N. Y. & Nor.-1st, 5s, 1927
112 b. 109
N. Y. Ont. & W.—1st. 6s. 1914.. 112*4
94
91
N.Y.Sus.&W.—1st ref., 5s, 1937. 92
b. 1111^
Midland of N. J.—1st, 6s. 1910 ll2*ib. 112
78
77
75*2
N. O. Pacific— 1st, 6s, 1920
Norfolk
West. - Gen., 6s, 1931 115 b. 115 b. 1 2*2
116*8
115*2
North. Pacific—1st,coup.,6s, ’21 116*8
104*2
105*4
102
Gen’l, 2d, coup.. 1933
102
lo2
b.
99%
N. Pac.Ter.Co.—1st, 6s, 1933...
115
b. 1.7 a. 114 *2
Ohio & Miss.—Consol., 7s, 1898.
101% Feb.
108*2 Jan.
Jan.
Jan.
Jan.
Jan.
97%
97%
96*2 Jan
110 **1). 110*4b. 108*2 Jan.
113
b. 113*2
113
Feb.
114 a. L13V). i 12
Feb.
114
b. 112% Jam
let,Waco & N. 7b, 1903
102
Feb.
2d, oonsoi. M. L. 8s, 1912
69
70 a.
a.
65
Jam
Gen. mort. 6s, 1921, ir. rec...
b. 121
121
Feb.
103
Feb.
Jan.
Feb.
Jan
Jan.
•Gr’n B. W.&St.P.—2d inc.Ss, 1911
«Golf Col.&San.Fe—1st,7s, 1909
Gold, 6b, 1923
.Henderson Br.Co.—1st. 6s, 1931
H. <fe Tex. C.—1st M. L. 7s
1st, West. D., 7b, 1891
28
Range since Jan. 1.
Feb. 21 Feb. 17
1st, Extension, 6s, 1927
49 %b.
1st pref. debentures, 7b
93
Mutual Un. Tele.—S. f., 6s, 1911
Nash. Ch. & St. L.—1st, 7s, 1913 129 b.
N.Y. Central—Extend., 5s, 1893 .06
N.Y.C.&H.-lst, CD., 7s, 1903 131
Debenture, 5b, 1904
131 *4b.
N.Y.&Har.—1st, 7s, 1900
1143s Feb.
Feb.
Feb.
Feb.
Feb.
'J i
Consol., 7s, 1904-5-6
Feb.
104*8
114*4
70 5g
70*2
-
Mobile & Oliio—New, 6s, 1927
115% Feb.
103% Jan.
132
Sinking fund debent. 5s, 1933
i04*2b. I04*eb. 10478 Jan.
25-year debent. 5s, 1909
2d,6s, 1931
105
1013s Feb.
Jau.
Feb.
Feb.
101*2 Feb.
114% Feb.
1013s
9l*2b. 92*2
133*2
131*2
107
104*4
120 b. 119*2
L00*2a. 99%
•
103*2 Jan.
121
J02
>
b. 105*2 Jau.
107%
10778
104% Jan.
Extension, 1st, 6b, 1913
Feb.
Minn. & St. L—1st, 7s, 1927.... 100 b. 110 b. 102
55 b. 50 b. 53
Jan.
Imp. & Equip.—6s, 1922
63*ab. 69%
68
Jam
Mo. K.&Tex.—Con., 6s, 1920...
59 b.
6u*4
59
Jan
Consol., 58,1920
117% Feb.
131*4
129*2 Jan.
105 b. 104*2 Jan.
92*2a. 91*4 Feb
117*8
113
Jan.
97
Jan.
1177e
114*2 Jan.
125
123*2 Jan.
112%
111% Jtn
104*2
101*2 Jan.
101*8b. 100
Jan.
Feb.
Jan.
94*2 Jan.
104
b.
b. 102 a. 100
140 b. 139*2
142*4
130 b. 131*2
128*2
120% a. 121*sa. 121
L10
110*2
108
108 b. lu9" a. 108
92*2a.
Extension 4s, 1926
Chi. B. I. & Pac.—6s, coup. 1917. 133*2b.
;
104*4
Exten. & col. 5s, 1934
Ch. Bt.P..M.& O.—Consol. 6b. ’30 121 b.
-Ch.St.L.A Pitts.—1st,con. 5s,’32 100 a.
C. C. C. <te Ind.—Consol. 7s, 1914 !l28*2b.
83
107
Z<* i
119
Mil. Lk.Sh. & W.—1st, 6s. 1921. 119*4
Ashland Div.—1st, 6s, 1925. . 114*21).
Milw. <fe Nor.-M. L., 6b. 1910.. 104 b. 108
27*2 Jan.
104
Feb.
Railroad Bonds.
>1
Highest.
Lowest.
26 b.
Jan.
26
26%
Jan.
'81*4
80
81%
I05*2b. 106*4b. 105*2 Jan.
93%
93%
92% Jan.
105*2b- 106
1045s Feb.
116 b. 117*2
Ill** Jan.
2d, 68,1913..
'Centralof N. J.-lst, 7b, 1890..
CqzusoL 7b, 1899
....
121
b. 121
Convert. 7s, 1902
1U0
b.
98 b.
Convert, deb. 6s, 1908
101*2
101*4
General more, f 8, 1987
-
Closing.
Range since Jan. 1.
Closing.
Railroad Bonds.
.
—
.
Rhode Island—6s, cou.. 1893-1894
South Carolina—6s, non-fund. 1888
Brown consolidated 6s
1893
Tennessee—6s, old
Compromise, 3-4-5-68
37*2
1892-1898
1912
New settlement—6s
os...
3s
10
12*2
94
124
Virginia—oo, old
6s, consolidated bonds
6s, consolidated, 2d series
Hr.
trust tpp.
1913
1913
1913
Ask.
112
3*2
106
60
70
100
92
69*2
4*r
107 *a
62
71
70
48
75
60
10
February
THE CHRONICLE
25, 1888.J
BONDS—STOCK EXCHANGE
8ECUKOTE8.
Bid.
QUOTATIONS ON
Ask.
FKIDAY OP INACTIVE RAILROAD BONDS.
SECURITIES.
Bid.
Ask.
E.&W.of Ala.—1st,con8.6s,g.,1926
Eli*. C. & N.—S.f., deb., 6s. ..1921
1st mortg., 6s
1920
Railroad Bonds.
..
1921
96
Eureka Springs
Buff. N.Y. & Phil.—Cons. 6s...1921
Trust certificates
General 6s,
Trust certificates
40
1924
2d 7s
..1900 117
Bt. L. Jacks.& Chic.—1st, 7e 1894 115
1st, guar. (564), 7s
1894 115
2d mortg. (360), 7s
1898 *115
2d, guar. (188), 7s.
1898 >*115
Miss. R. Bridge—let, s.f. 68.1912 *107
Iowa Div.- Sink, fund, 5s.. 1919
Sinking fund, 4e
1919
Plain, 4*
1921
Nebraska Extensit n 4s
1*27
Chic. Burl. & No.—Deb. 6s
1896
Chic. Rock Isl. & Pac.—
Des Moines & Ft. D.—1st,4s. 1905
Extension, 4s
Keok. & Des M.—1st, 5s
..
Chic. Milw.& St.P.—
let, 8s, P. D
2d, 7 3-lOs, P. D
96*
97
91*2
92%
106
1898
127
1898 118
1902! 124
90
116*2
98%
1951
.
93%
114*2
94
*112
*111
C. St. L. & N. O.—Ten. 1.,7s. 1897 *
i20
1st, consol., 7s
1897 *117
120
2d, 6s
1907 *118
Gold, 5s, coupon
1951 115% il8
—
Pa. Co.’s guar. 4*28,1st cp..
1921
Pa. Co.’s 4*28, reg
1921
1906
Mahon’g. Coal RR.—Is*, 5s. 1934
Long Island RR.—
N. Y. & M. Beach—1st, 7s.. 1897
N. Y. B. & M. B.-lst, g., 5s. 1935
Pitts.
111%
75
82
102
103%
111%
121% 122%
104%
126
2d, 7b
2d, guar., 7s
124
103
110
109
•«•
•
87
92
105
105
..
-
C. & L. Sup. Div., 5s
1921
Fargo & South., 6s, Assu ...1924
Inc conv. sink, fund 5s
Dakota & Gt. South., 5s
1916
1916
Chicago & Northwestern—
Escanaba & L. 8.—1st, 6s... 1901
Des M. & Minn.—let, 7s
1907j
Iowa Midland—1st, 8s
1900
Peninsula—1st, conv., 7 s... 1898
Chic. & Milwaukee—1st, 7s. 1898
105
109
104
105
106*4 107
*1054>
106
Ill
■4%
75-
108
85*
84
b7*e
87%.
90
S. & N. Ala.—S. f., 6s
1910 105
119
Coupons off
50
Louisv. C. & L.—6s
1931
St. Louis & Iron Mountain—
125
128%
5 p. c. 50 year gold bds
1937
ioi
Arkansas Branch—1st, 7s. 1895 109
i28
Pens. «fe At.—1st, 6s, gold.. 1921
96
96%
Cairo Ark. & T.—1st, 7s... .1897 110
113%
Lou. N. O. & Tex.—1st,4s.... 1934
87
......j St.L. Alton & Ter. Haute—
103
2d mort., 5s
1934
40
Bellev. & So. 111.—1st, 8s. ..1896 118
123
124
Mexican Cent.—New, ass., 4s. 1911
66
!
Bellev. & Car.—1st, 6s
100% It 0%
1923 *108*2
Income, 3s.
1911
18
22
St. Paul Minn. & Man.—
119
122
Michigan
Cent.—6s
190b
Dakota Extern—6s
93
99
1910
121%
Coupon, 5s
...1931 *111
Montana Extern—1st, g.,4s. 1937
100
162
83
*
Registered,
5s
1931 111%'
Rexis’eied
100
Jack. Lan. & Sag.—6s
1891 105
Min’s Un.—1st, 6s
1922 110
Milw. Lake S. & West.—
St. Paul & Duluth—1st, 5s
20
97
1931
Conv. deb., 5s
1907
80
90
90
15
1 114
Michigan Div.—1st, 6s
1924
Minn.&St.L— Fa Ex.—1st,7s. 1909
90
101
112
•tg. 76
50
2d mortg., 7s
1891
80
ioo
; ex. & N. O—1st, 7s
122
1905 113
115%:
Southwest Ext.—1st, 7s ....1910
Sabine Division, 1st, 6s
129
1912 101
Pacific Ext.—1st, 6s
1921
125
Valley R’y Co. of O.—Con. 6s.1921
105%
Minn. «fe Pac.—1st mortg. 5s..1936
Virginia Midland. - Inc., 6s... 1927
118
Minn. & N. W.—lbt, 5s, gold.. 1934
Wao. St. L. & Pac.—
131%
1
......
Win. & St. P.— 2d, 7s
1907
Mil. & Mad.—1st, 6s
1905
Ott. C. F. & St. P.-lst, 5s.. 1909
Northern Ill.—1st, 5
1910
Cl. Col. Cin. A Ind.—1st, 7s, s.f.’99 12T
Consol, sink, fd., 7s
1914
Chic. St. Paul M. & O.—
Chic. 8. P. &
Minn.—1st, 6s.1918 123
No. Wisconsin—1st, 6s
1930 124%
St. Paul & S. C.-lst, 6s ....1919
Chic. «fe E. Ill.—1st, s. f., cur.. 1907 117
Gen. con., 1st, 5s
:..1937
93%
Chic. A W. Ind.-1st, s.f., 6s.. 1919 113%
General mortgage, 6
1932 117
Chic.
fet. Louis—1st, 6s
1915
Cin. I.St.L.A
Chic.—let,g.,4s .1936
Rpcifttprpf]
Cin. Jack. &
Col. & Green.—1st,
Minn.
ioo*
122"
6s
Midland—1st,
Convertible 7s
1892
Mortgage, 7s
1907
8vra. Bing. & N. Y.—1st,7s.1906
Morris & Essex—1st, 7s
1914
2d, 7s
1891
Bonds, 7s
1900
94
7s of 1871
1st,
eon., guar.,
DeL & Hud.
1901
7s
Canal—1st,
lot, ext., 7s
Coupon, 7s,
Registered, 7s
Pa. Div., coup., 7s
1915
7s... 1891
1891
1894
1894
1917
Registered......
Albany & Susqtie.—1st, 7s.. 1888
Registered
1st, cons., guar., 6s
Registered
Reus.
&
Sar.—1st,
190t
1906
coup., 7s. 1921
Registered
Det. Maek. & Mar.—1st, 6s.. .1921
Det. Bay C. & Alp.-1st, 6.... 1913
E. Tenn. Va. & Ga.—1st, 7s... 1900
Divisional 5s
*
1930
140
Northern Pac.-Gen. 3d, 6s..1937
Dividend scrip
Dividend extended
James River Val.—1st, 6s. .1936
Spokane
Pal —1st, 6s
1936
St, Paul & N. P.-Gen., 6s.. 1923
Registered
Imp. & Ext., 6s
101%
*130
122%
i 107 *12
102
73
107
121
106
102
1931
1920
! N. Y. A Northern.—2d, 4s
1927
N. Y. & New Eng.—1st, 7s.... 1905
1st, 6s
1905
N.Y.Susq.&West.—Deb. 6s... 1897
2d, 4428
1937
N. Y. N. H. & IL—1st, reg. 4S.1903
N. Y. Tex. &Mcx.-lst. 4s ...1912
1934
52
L15
I
107
104
55
73
105
90%
91
93
103
General 5s
1932
Ohio Cent.—1st Ter. Tr., 6s...1920
142
Min. Div.—1st, 6s
1921
142
Ohio River RR.—1st, 5s
1936
Oregon & Cal.—1st, 6s
1921
105% 106*2 Panama—Sink, fd., sub., 6s... 1910
118
Peoria & Pek U’n—1st, 6s....1921
105
2d M.. 4%s
..1921
e week.
Detroit Div.—6s
Cairo Div. - 5s
Tol. <fe Wab.-Equip.
108
101%
115% 116%
100
93
1910
1921
1921
1931
1890
190w
105
101*2
95
96
98
109
73
112
10
90
90
Ill. & So. Iowa—1st,ex. 6s. 1912
St, L. K. C. &N.Real Estate & RR.—7s....1895
Clarinda Br.- 6s
191;
St.Charles Br’ge— 1st,6s. 1908
No. Missouri—1st, 7s
1895
Wab. St. L. & Pac.—Iowa Div., 6s
West. Union Tel.—Coup. 7s.. .1900
118
N. W.
100
112*2
114
Registered
Telegraph—7s
Wheeling
L. E., 1st M. 5s.
1904
.1926
Market St. Cable Ry., 1st, 18.1913
Manliat, Beach Imp. Co.—7s. 1909
Am. Water Works Co., 1st. 6s.l9o7
Tenn. Coal Iron & Railway—
Tenn. Div., 1st, 6s
1917
Bir. Div.—1st con. 6s
1917
Col. & Hock. Coal & I.—6s, g..l917
118
96%
86
86*
20
102
103
25%
20
Ogdens. & L. Cliam.— Income. 1920
Shenandoah Valley—Inc. 6s.. 1923
Free Lilt.
Erie & Pitts. R’y, cons. 7s
1898
Gal. H. & H of ’82.—1st, 5s..1913
Grand R pids & led., 1st. 7s 189;>
Jefferson RR.—lbt, 7s
1889
N. J. Southern, lot. guar., 6s. 1899
86%
25
Cent, Iowa—Coup, debteertf’s
Eliz. City & Nor.-2d ino
1970
Leh. & Wilkesb. Coal
1888
Milw. Lake Sh. A W.—Income
Mobile & Ohio—2d pref. deben
3d pref. debentures
4th pref. debentures
N.Y. L. E. & West,—Inc., 6s..1977
Ohio Cent.—Min. Div.-Iuc. 7s 1921
97%-
102% 103%.
Income Bonds.
(Intercut payable ij earned.)
Atl. & Pac.—Cen. Div
..1922
Ind.Dee.A Spr.—2d inc.tr.reo.1906
99
109
bds.,7sl883
Suin. && Naples—
Tol.—1st,1st,7s7s
an.
’
7*6"
-
Indianapolis Div.—6s
j
74*’|
Adjustment M., 7s
1924 107
Ogd. & Lake Ch.—1st, 6s
1920
Ohio & Mips.—Cons., s.f., 7s.. 1898 i 15”
Spriugtield Div.—1st, 7s
19o5 108
No prioe Frid jy; these are latest
quotations made th
guar
Helena & Red M’n—1 st,g.,6s.l937
Dul. A Manitoba—1st, g. 6s.1936
108% 108%
Do Dakota Div.—1st. 68.1937
116
126
Hel. B.Val. & Butte, 1st, 68.1937
Drummond & P’hg —1st, 5s. 1937
135%
Helena <te No.—1st, ic’d, 5s. 193.
168
169
Ea M. & Mo. Riv.—1st, 5s 1937
108
N. O. & No. E.-Pr. 1.,
g., 6s ..1915
114
New Or. <te Gulf—1st, 6s
1926
*114
Norf. & W.—New Riv.—1st,6e. 1932
„
1st, eons., guar., 7s
Cairo-4s,
-
11138 112%
135
135
142
St. L. &
1918
125
Nash. Chat. & St. L.—2d, 6s.. 1901
126% N.J. June.—Guar.
1986
1st, 48
126
I
Registered certificates
118
N. Y. P. & O.—Prior lien, 6s.. 1895
95
Coeur d’Alene, 1st,
6s, gold...l91t
Del. Lack. & West.—
llavaua Div.--6s...
Mobile & Ohio—Col. tr., 6s ...1892
1st, 7s
1916
1926
6s.. 1914
S.Ste.M.&Atl.—1st,5s.. 1926
Mo. K. & T.—Cons.,2d, inc....l911
H. <te Cent. Mo.—1st, 7s
1890
Morgan’s La. & T.- 1st, 6s
Mac.—1st,g.,5s. ..1936
2d, 6s
Col. <fc Cin.
uu
104'
1898
....1898
of 1932
Pine Creek Railway—6s
Pitts. & Western—1st, g.t 4s.. 1917
Pitts. Cleve. & Tol.—1st,6s...1922
Pitts. Junction—1st, 6s
1922
Pitts. MeK. & Y.-lst, 6s
1932
Rich. &Danv.—Deb. ex
cp. 6s. 1927
Consol, mort., gold, 5s
1936
Atl. & Char.—1st, pr., 7s
1897
Incomes
1900
Rich. & W. Pt. Ter’l. Trust6s.. 1897
San Ant.& Arans. —1st,6s,’85-1916
1st, 6s, 1886
1926
125
.
105
105
103
90
C.&St.L.—lst,cp.,7s. 1900 *117
2d, 7s
1913
Pitts. Ft. W. & C.-lst, 7s... 1912 ‘140
2d, 7s
1912 *138
3d, 7s
1912 *134
142
Clev. & P.—Cons., s. fd., 7s. 1900 126
4th, sink, fd., 6s
1892 1063b
St. L. V. &T.IL—1st, g., 7s. 1897 112
130
122*4
Louisville & Nashville—
107*4
Cecilian Brancn—7s
1907
Pensacola Div.—6s
1920 103
St. Louis Div.—1st, 6s
1921 *115
2d, 38
1980
127%
Nashv. & Decatur—1st, 7s.. 1900 117
114
Pennsylvania RR.—
Registered
Lake Shore & Mich. So.—
Cleve. P. & A.—7s
1892
Buff. & Er.—New bonds, 7s. 1898
Kal. & W. Pigeon—1st, 7s... 1890
Det. M. & T.—1st, 7s
1906
Lake Shore—Div. bonds, 7s.1899
Consol., reg., 1st, 7s
1900
Consol., reg., 2d, 7s
1903
1st, 6s
1897
1st, 6s
1898
Col. Trust, 6s
1908
Col. Trust, 5s
1907
C. Br. U. P.—F. o.,7s
1895
Atch. Col. & Pac.—1st, 6s.1905
Atch. J. Co. & W.—1st, 68.1905
Ut. So.—Gen., 7s
1909
Extern, 1st, 7s
1909
Missouri Pacific—
Verd’s V. Ind. & W., 1st, 5s. 1926
Ler. & C’y Val A. L.,lst,5s.l926
St. Louis & San Francisco—
1st, 6s, Pierce C. & 0
1919
Equipment, 7s
1895
Kan. City & S.—1st, 6s, g.1916
Ft. S. & V. B. Bg.—1st, 68.1910
St, L. K.&So.Wn.—1st, 68.1916
Tex. & Pac.—1st, 6s
1905
1st, 6s, ex coupon
Consol., 6s, trust receipts. 1905
;
let, 7e, $ g., R. D
let, La Crosse Division, 7s.. 1893!
let, I. &D., 7s
1899!
1st, C. &M., 7s..
1903'
1st, 7s, I. & D. Ext
1908.
1st, S. W. Div., 6s
1909;
let, 5s, La C. & Dav
1919!
let, H. AD., 7s
1910!
1st, H. & D., 5s
1910i
Chicago A Pacific Div., 6s..l910i
Chic. & Mo. Riv. Div., 5s
...1926;
93'
88
1905
1905
1923
1st, gold, 3 4:8
Indianap. D. & Snr.—
1st, 7s, ex. fund, coupon
1901 ‘104
lst,2%s
1143s 114%
Green B. W. & St. P.—1st, 6s. 1911
98
*
Han. & St. Jos.—Cons., 6s
1911 120 % 121%
Hous. E. & W. Tex—1st, 7s... 1898
65
Illinois Central—1st, gold, 4s.l951 *101% 106
Dub. & S. C.—2d Div., 7s ...1894
Ced. Falls & Minn.-lst, 7s.1907
Chic. Burling. & Q.—
5s, sinking fund
140
.
R’y, 1st, 6s, g.1933
Spring!. Div.—Coup.,..6s, 1898
Middle Div.-Reg., 5s ......1921
AlA
133
116
102%
Registered
Central Iowa—1st, 7s, Tr. Recl899
85*
East’n Div., 1st, 6s
1912
Illinois Division—1st 6s
1912
Cons, gold bonds, 6s
1924
Cent. RR. & Banking Co., Ga.—
Collateral gold, 5sl...,.
1937 100% 1003i
Ches. & O.—6s, gold, ser. A... 1908 103
Ches. O. & So. West.—2d 6s... 1911
Chicago & Alton—let, 7s
1893 113*2
Sinking fund, 6s
1903 1233*
Louis. & Mo. River—1st78.. 1900 119
Bid.
Pacific RR.—Central PacificGold bonds, 6s
1895 1135s 115
Gold bonds, 6s
1896 1138s 114
Gold bonds, 6s
1897 114
Cal. & Oregon—Ser. B., 6 1892
West, Pacific—Bonds, 6s
1899 110*2
No. Railway (Cal.)—1st, 6s. 1907
114%
Union Pac.—1st, 6s
1896 113*4 113*2
Fl’t & P. Marq.—Mortg., 6s... 1920 *121%
Grand Rap. & Ind.—Gen. 5s..1924 * 95
50
SECURITIES.
60
(Stock Exchange Prices.)
Atch. Top. & San. Fe—4%s ...1920
Erie—1st, extended, 7s
1897
Binding fund, 6s
1911
2d, extended, 5s
1919
Beecn Creek-lst gold, 4s
81
1936
3d, extended, 4*28
1923 *106
Balt. & Onio—lstoe, ParkB ..1919,
123
4th, extended, 5s
1920
58, gold
1925j 108*4
5th, 7s
1888 102*8
Boat. H. Tun. & W.—Dob. 5s... 19131
100%
1st, conp., fd. coup., 7s
1920
BrooklynElev.— 1st, G., 6s.. .1924' 105
105*2
Reorg., 1st lien, 6s
1908 107
2d, 3-os
19151
B. N. Y. & E.-lst, 7s
1916 1374a
Burl. Ce. Rap. & No.—let, 5s. 1906*
98
102
N. Y. L. E. & W.—Col. tr.,
6sl922
Consol. & col. tr, 5s..
94
1934
Funded coup., 5s
1969
Registered
Buff. & 8. W.—Mortg. 6s....1908
90
Minn. & St. L.—1st 7s, gu
1927
Evan. & T. H.—1st, cone., 6s. 1921
Iowa C. & West.-lst 7s....1909
Mt. Vernon—1st, 6s
1923
Ced. Rap. L F. & N., 1st 68.1920
107
Evans. & Indian.—1st, cons... 1926 *104
1st 58
24^
112
101
100
27
22:
20
CHRONICLE.
THE
250
New York City Banks.—The following statement shows the
oondition of the Associated Banks of New York City for the
week ending February 18. 1888:
Average Amount of—
Bank*.
Loans and
Discounts.
$
10 500.000
9.105.000
New York
Manhattan Co
Merchants’
Mechanics’
2,277.000
1.424.200
980,000
1.766.200
8.3r 0.000
12, 09,700
America
Phenix
697.000
6.451.100
3.6X4.000
city.
Tradesmen's
Chemical
Merchants' Exch.
Gallatin National.
Butchers’ A Drov.
Mechanics’ A Tra.
Greenwich
Leather Manuf’rs.
Seventh Ward
State of N. Y
Americ’n Exch’ge.
Commerce
Broadway
Mercantile
Pacific
Republic
Chatham
Peoples’
North America.,..
Hanover.
7,870 300
2.6*9,800
19,485.700
Oriental
Importers' A Trad.
Park
North River
East River
Fourth National..
Central National..
Second National..
N inth N ational....
First National
Third National....
N. Y. Nat. Exch...
.
788,000
9.954.000
761.900
1,339.000
671.600
192.000
7.170.900
7,419,000
6.167,000
1.963,500
2,008,000
1.179.400
3.103.900
1.315.600
705,000
152.800
842.500
3*5.100
677.300
117.500
408.800
1C5.000
218.000
104.200
116.300
291.600
767.700
454.700
3,459.000
4,939.20c
962.500
1.519.400
461, *00
If,*8 *.100
5.6 13,500
8,081,900
2.465.00U
9 352 000
4.7 20.100
2 206,900
2.6.-S 2,4 00
12.257.000
4.350.300
1,915.*00
3,2 * 8.0< 0
165,000
498.000
6,26t*.5i0
754 400
4.318.200
2.08U.000
If?,218,200
19 193,100
1.964 500
l.3bb.400
16,420.2 00
1,027.200
671.800
7.108.800
3.618,000
5,356,000
5.099,600
1,429.000
2.486,2(0
2.113.900
2.612.600
7.526.200
3.640.700
2.458.600
2,4 02,? 00
Bowery
N. Y. County
German-Americ’n.
Chase National....
Fifth Avenue
German Exch'nge.
Germania
United States
Lincoln
Garfield
Fifth National
B’k of the Metrop.
West Side
Seaboard
Sixth National....
Western National.
45,000
436,500
4*48*4*0*6
21.480.000
978,100
35,000
‘is.OOO
421.200
6.577.200
110.800
304.000
158.1:00
93.100
2,01)2.500
1.534.600
81*6*0*6
2.574,000
1,595.000
1,926,600
1,082,200
16.784.900
180,000
568.000
9»3.!00
427.O00
8.797.100
4.245.000
5.533.900
41,000
45,000
283.500
1,887,400
4.325.600
2,418 300
1,011,100
2.229.800
1.405,100
612.700
215 400
6,3*2.800
1.299.100
2.617.600
44.600
133.700
2,726:600
117.400
667.900
137.200
576,000
418.700
115.900
121.800
218.100
235.200
286,(100
944,800
314.100
840.400
260.200
594.500
471.600
656,000
445.700
I3e,200
2.459.600
67]606
4.525.600
45,000
3.222.100
2.742.400
1,6*0.200
43,600
45,000
132,200
1.467.900
7.104.600
Ex-dividend.
360,249,400 79.843,400 33.821,200 382,908.900
40,500
180,000
45,000
..
L. T’nders.
Specie.
$
Feb. 4 141.456.300
“
11 143,307,800
“
18 143,590.600
$
8.795.200
9,120.000
9,357.500
Deposits.* Circula’n.
$
$
3,649,700 110.563.900
3,365,000 111.366.800
8,307,400 111,086,000
'
$
6,446.300
6.489,000
6.433,100
Agg.Cl’nge
$
S7.2o9.900
82.059,448
82,654,916
Feb
“
“
4
11
IS
Loans.
Lawful Mon’y
$
87,165.000
$
23,22 7,200
23,3c3,300
23.257,400
87,134.100
86.629,500
Deposits.*
Circula’n
Agg.Cl’ngS
$
$
2.302,870
2.314,590
2,322.150
61,927,347
62.869,235
56,469,292
84,589,000
84.382,600
83,921,200
$
*Inciuling the item “due to other banks.”
Quotations in Boston, Philadelphia and Baltimore.
Following are quotations of active stocks and bonds. A
complete list is given in the Chronicle the first Saturday
of each month.
Bid.
SECURITIES.
Ask.
BOSTON.
RAILROAD STOCKS.t
98 34 99
▲tumsun A Topeka
161
160
Boston A Lowell
215 *9 216
Boston A Maine
250
Boston A Providence....
41 * 42*9
California Southern
Central of Massachusetts
20*4 21
43
42
Preferred
69
58
Burl.
A
Nortli’n
Ohio.
9
Cleveland A Canton
i
8
Preferred
.« 32 34 33
Eastern
1 118*4
Preferred
'$120*9
04*9 95
Fitchburg, pref
28
Flint A Pere Marquette.
07
Preferred
.....
Kan. City Ft. S. A Oulf..
81*9
82*9
Bid.
103**2
.
’*98*2
1923,6s
66 *a
20
6d*
19
7s..
2a mo* t., 6s
Southern Kansas—5s
Texas Division—5s
Incomes
Wiscou. Cent.—1st M.,
Income 5s
124*a 12434
113
102
lstmort., 6s
102*2
97
91*4
83*2
5s
137
Preferred
$135
K. C. Memph. A Birin.
49*
$
Han. C. Bprmgf. A Mem. 1
PHILADELPHIA.
81*9 82
Mexican Central
14*4 14* RAILROAD STOCKS. 1
115
Baff.
N.Y. A Phil.,ass.pd.
N.Y. A N. Eng., pref
$114
Preferred
Northern
1*75
174
Old Colony.
Lehigh Valley
Wisconsin Central
18* 18 \ Little Schuylkill
40
Northern Central
Preferred
BONDS.
Pennsylvania
120
Phila. A Reading
119*4
Ateh. A Topeka—1st, 7s.
93
West
Ooll. Trust, 5s
Jersey
92*
90
88
RAILROAD BONDS.
Plain, 5s
100
Allegh. Val.—7 3-1 n«. ’96
Mortgage, 5s
lu4
Trust, 68
7s, E. ext., 1910
lno. 7s, end., conp., '94.
East’rn, Maes.—6s, new.. 120
Ask.
£. C Fort Scott A G.—7s 115
116
K.C. Memph. <fc Birm—5s
92*2 93
K. City Hp'd A Mein.—0s 112 *a 113*2
K.C. Cimt. A Springf.—5s $
97
Little R. A Ft. 8.—7s
100
105
Louisv.Ev.&St.L.—1st, 6s
2d mort., 2-6s..
58
Mar. H. A Out—1908, 0s, i*oo*‘
Mexican Central—4s
Income
N Y. A N. Eng.-lst,
88
45
1004
9834
99*
72
88
18
2ds, 6s
3ds, 3-4b
1st Inc., 5s, 1931
74
40
20
5 Last price this week.
Bank Stock List.
BANKS.
Bid.
10*
10*
30
66
56*2
62*2,
63
87 *2 • 90
64*4
33*4
50
54*
33*
I
138
Broadway... 250
Bntchs’A Dr 162
Central
220
Chase
Chatham.... 225
Chemical.... 3400
142
Citizens'
300
City
167
Commerce
Continental. 124
Corn Exch... 195
East River.. (30
11th Ward.. 150
Fifth Ave... 800
1700
First
142
Fourth
165
Falton
..
Y.Y. Nat. Ex
Yinth
185
-lanover
Em. A Trad's’ 339
3700
160
Irving
••••••
169
200*’
Leather Mf s’
19*7*
Manhattan..
Market
Mechanics’.
M'chs’ATrs’
Mercantile..
Mercnants'.
M’rch’ts’Ex.
160
Nassau
Yew York
150
345
155
170
165
145
170
147
139
143
120
22*4
Metropolit’n
152
215
..
Insurance Stook
Bid.
BANKS.
Ask
Y.Y. Countv 200
Greenwich.. 115
135
26
,156
I....,
130
Y. America. 125
Yorth Riv*r. 130
Oriental.... 185
Pacific
102
Park
167
175
People’s.
Paenix
130
Republic ... 141
S (.Nicholas. 117
7th Ward... 115
230
Second
SioeALeatti 140*«
Stated N.Y. 117
Third
Tradesmen's 106
'Tnited St.’a*
125
140
167
170
142
122
125
118*
107
225
List.
[Quotations by E. S. Bailey, 5*9 Pine St.]
OOMPAN’S
Bid.
American...
Bowery
Broadway...
Brooklyn
...
Citizens'....
City
Clinton......
Commonw’h.
Continental.
140
140
140
155
110
110
115
SO
80
175
150
160
145
170
120
120
120
95
100
190
240
115
Globe
Green wioh.. 190
50
'Guardian...
100
!Hamilton
Hanover.... 120
Home
125
55
Howard
.......
..
....
Jefferson.... 100
Kings Co.... 170
Knickerb’kr 70
90
Liberty
Long Island 85
ltO
110
110
90
Farragut.... 105
Fire Asso’n.
100
Firemen's... 80
German-Am. 295
Germania... 145
305
150
Exchange...
COMP AN’S. Bid.
Ask.
Mannf’c.AB 110
Mechanics' * 70
Mercantile.. 55
Merchants’. 70
80
Montank....
90
tia* and
7"5
Lafayette...
City
Ask.
125
215
60
110
125
130
60
110
200
80
100
100
85
125
80
60
80
86
COMPAN’S.
Bid.
Nassau
135
National....
90
140
60
140
90
140
156
90
100
125
95
N. Y. Eqnit.
N. Y. Fire
..
Niagara
North River
Pacific
Pet’r Cooper
People’s.....
Phenix
Rutger’s....
Standard....
Sterling
Stuyvesant
70
....
100
United St’es 140
Westchester 185
Williamsb’g. 200
Railroad Stocks and
-
Citizens’ Gna-Light.......
Bonds, 5s..
.....
Consolidated Gas
.....
Jersey City A Hoboken...
Metropolitan—Bonds
Mutual (N. Y.)
Nassau
(Bklyn.)
Scrip...,
Bid.
GAS COMPANIES.
] Ask.]
103
56
103
75* 70
102
50
100
100
114
89
100
95
95
(
P-*pple’s (Bklyn.)
Williamsburg
Bonds, 6s
Metropolitan (Bklyn.)
Municipal—Bonds, 7s
Falton Municipal
*aT*
Bonds, 6s
102
100
100
Ask
146
100
160
SO
145
100
180
165
100
104
137
102
75
115
150
140
280
Bonds.
[Gas Quotations by Geo. H. Prentiss A Co., Brokers, 49 Wall
Broker at. A Knit. P.—stk. 26
112
1st mort., 7s, 1900
sr’dway A 7t,h A v.—St’k..
102
1st mort., 5s, 1904
103
2d mort., 5s, 1914
B’way Surface bds.,.1914 75
Bondsgnar.,5s, 1905 ... 70
116
Brooklyn Citv—stock
106
1st mort., 5s, 1902
Sklyn. Crosstown—Stock. 160
100
1st mort., 7s. 1888
Bnshw’k Av. (Bkln;—St’k 150
Central Crosstown—Stk.. 150
116
1st mort., 6s, 1922
Cent. Pk. N.& R.Kiv.-Stk 82
116
Consol., 7s, 1902
Ohrist’ph rAimb st>—Stk. 123
111
Bonds, 7s, 1898
Ory Dk. E.B.A Bat’v—Stk 148
109
1st mort., 7s, 1893
..
Equitable
Bonds, 6s
Street.]
Bid.
63
118
106
75
105
129
105
100
110
Ask
67
123
111
80
110
132
109
110
118
D. D. E. B. A B.— -lonp, 6s 104
155
Eighth Av.—stock
108
Scrip, 68,1914
200
42d A Gr’nd St. F’ry—Stk
28
114
175
104
105*9
112
42d St. Manh. A St. N.Ave 35
107
1st mort., 0s, 1910
55
2d mort., income, 6s
Joust. W.St.AP. Pfv-Stk. 155
110
1st mort., 7s, 1894
103
Yinth Ave......
111
Second Av.—Stock
lu3
1st mort., 5s, 1910
lstmort., 7s, 893
80
80
120
110
160
......
155
160
120
83
118
126
113
152
111
Consol., 7s, 1888
165
Sixth Av.—stock
1st mon., 7s, 1890
Third Av.—Smck
Bonds, 7s, 1890
Tw raty-third si..—stock..
1st mort., 7s, 1893
1< 6
215
103
215
112
107
160
110
210
117
38
108
60
112
105
112*9
105
100
175
110
218
100
220
1114
Unlisted Securities.—Quotations from both Exchanges:
SECURITIES.
Am. Bank Note
Bid.
SECURITIES.
Ask.
35
Co
90
Atlan, A Char.—Stock... 85
122
Atl. A Char. Air L., 1st, 7s 119
At.APac.-lstM.C.D.o d6s
25
Host. H. T.A West.—Stk.
40
Brooklyn Elev’d—stock.. 35
Cape Fear AYad.Val., 1st 96
5
6*9
Chic. A Atl.—Ben., (r. rec.
Chicago A Can. So
36
35
C hic. Gas Trust
Chic. Santa Fe A Cal. 5s..
Ciun. A Springfield
*14*"'
Den. A Rio Ur. W.—St’k. ■'Vi*
10
Dul. S. Shore A At.— Stk.
29*9 31
Pref
Edison Electric Light.... 162
......
Fla. R’y A Nav, Co
Pref
Georgia Pac.—Stock
1st 6s
2ds
Kanawha A Ohio
1st pref
2d pref
1st 08
Kan. City
I
I
25
1
1
20*9
109
5 1*4
0
4
63
A Omaha
lstmort....
115*«
110
22
Ask.
200
230
Garfield
Germ’n Am.. 112
Germania... 200
Gallatin
172
Atnerloa
Bid.
BANKS.
Ask.
.
Bid., Ask.
Mexican National tr. rec.
1st mortgage, tr. rec
New 1st 6s
.....
Newp. N. & Miss. Val....
IN. J. Southern
:N. Y. M. Ud. Tel.—Stock.
N.Y. W.S. & Buff
jNoith. Pac.—Div. bonds..
iNorth Riv. Cons
Ocean Steam.Co.,lst guar.
Pensacola A Atlantic....
1st mort
Postal Telegraph—1st, 6s.
Pittsb. A Wesiern
Kich. York Riv. A dies..
Rome A Decatur, lst-M. ,6s
2
St. Louis A Chicago
1st M., 6s
2*9
22
St. Louis Ft. S. A Wioh..
109*9 St. PaulE.AGr.Tr.,lst0s
52* Southern Tel.—1st M
Tol. A. A. A N. Mich
U. S. Electric x<ight
Vicksb. A Meridian
Pref
S
1st mort
2d
mort
73
Incomes
Western Nat. Bank
*2*6
28
West N. Car.—Con. M....
......
46
..
......
100
[City RR. Quotations by H. L. Grant, Broker, 145 Broadway.]
Philadelphia Banks.—The totals have been as follows:
1888.
95
124
113
•
New York Local Securities.
Brooklyn Gas-Light
Loans.
20
BALTIMORE.
RAILROAD STOCKS.f
*1*0*8 Baltimore A Ohio
103
1st pref
2d pref
113*9
130* RAILROAD BONDS.
119
Baltimore A Ohio—4s....
105*9 Cin. Wash. A Balt.—lsts.
7.661,200
Boston Banks.—Folio wing are the totals of the Boston banks:
1888
18
......
GAS COMPANIES.
Total..
77
113
+ Per share.
225
Eagle
Empire City 90
2,7 71,000
174,100
265.700
232,800
200,800
223,200
180,000
8.291.500
3,717,700
3,093,600
4.478.900
2.040.800
2,892, *00
2,090.400
75
100*9 101
......
45,000
19.416.900
38-.000
788.200
86.900
181.400
1.736.200
8.422.300
40,700
1,562,300
2.106.900
1.934.200
2.279.900
45,000
158.700
620.100
492.300
3.761.300
1.807.600
607,700
3,319.000
5.533.800
5.332.300
2.130.100
24.756,500
Ask
......
Am. Exch...
4.288.400
3.288.200
1.125.800
257.100
543.200
2< ,906.500
42,900
5.326.400
2.6*4.900
3.259.400
4.334.800
1.683.600
78.900
253.000
281.0(8-
531.400
42,200
45,000
263.500
Bid.
*2*60*0
9.625.300
2.977,200
122
141* 143
131*9 132
132*9
121*4
*
45,000
428.600
121
SECURITIES.
Phila.& Read'g (Cont’d)—
Cons. 5s, 2d ser.,0., 1938
Debenture coup., 1893.
Deferred incomes, cp...
Phil. W. A Balt.—Tr. o.,4s
Phil.AR.—2d,7s, o.Ar.’93
Cons., 7s, coup., 1911..
Cons., 6s, g., 1.R.C.1911
Imp., 6s, g., coup., 1897
Gen.f 6s, g., coup., 1908 Ill* 111»4
11334 1L5
Gen., 7 s, coup., 1908
84* 84-*
Inoome, 7s, coup., 1896
514.000
896,000
171.600
1.015,300
608.600
524,3(0
Ask.
123
Perkiomen—1 st, 6s,cp.’87
251,600
5.049.700
13,010 900
3 095,(>00
3,006.300
129*
*
8,286.401*
2.782.900
712.100
262.600
216.700
104»4
Del.ABd.B.—1st, 7s. 1905
Leh.V.—lst,0s,C.AR.,’98
2d, 7s, reg.j 1910
Cons. 6s, C.A R.. 1928..
Penn.—Gen., 6s.oAr.1910
Cons., 6s, c. A r„ 1905..
Cons., 5s, c. A r., 1919.
4*as, Trust Loan
*83,900
4.110 100
13,216.'0*i
329.600
2,802.« 00
2.787.400
2,ou2,300
21.555,200
4.307.800
1.940.500
2,167,000
1.138.900
Bid.
SECURITIES.
Cara. A Amb.-M., 6s. ’89
Catawlssa—M. 7s, 1900.
......
90*.000
1,123 900
532.300
2.898.800
45*000
12.498.100
2.512.600
15.741,000
1.154.400
45,000
259,000
2,006.000
2.064 800
tion.
10.533.100
2.P46.000
2.728.500
1.365.300
2.906.500
380.400
783.100
293.400
672.200
429.900
88.200
249.700
Circular
$
08,500
278.000
312.200
3.521.400
Citizens’
Continental
651>00
other
than U.S.
9,630.000
505,000
6.705.100
3.554.700
Net Deposits
$
990.000
959 000
16,381.000
Irving
Nassau
Market A Fulton.
St. Nicholas
Shoe A Leather...
Corn Exchange...
lenders.
1,430.000
7.312.300
....
Legal
Specie.
[VOL, XLVI*
Kecly Motor
Lehigh A Wlikes. Coal...
Mex. Nat.Construct’n Co.
6*9
71*9
0*9
15
26
99
27*
97
February 25,
THE CHRONICLE,
1888,]
251
Latest
Investment
Hoads.
Earnings Reported.
Week or ito
1887-8.
8?
axlroad
Knoxv. A Ohio
December
Lake E. A West 2d wk Feb
Lehigh A Hud... January.
|ixtjelligjetxee.
The Investors’ Supplement contains
.
L. Rock A Mem
complete exhibit oj
the Funded Debt of States and Cities and of the Stocks and
Bonds of Railroads and other Companies. It is published
on the last Saturday of every other month—viz., January,
March, May, July, September and November, and is furnished without extra charge to all regular subscribers of the
Extra copies are sold to subscribers of the
Chronicle.
a
Chronicle at 50 cents each, an t to others at $1 per copy.
RAILROAD EARNINGS.
2d wk Feb
3d wk Feb
Long Island
Lou. A Mo. Riv.
Louis.Ev. ASt.L.
Louis v. A Nashv.
Lou.N.A. A Chic.
Louisv.N.O. AT.
November.
d
2d
2d
2d
wk Feb
wk Feb
wk Feb
wk Feb
Lykens Valley.. January...
Mar. Col. A No.. December
Mar.Hough. AO. 3d wk Jan
Memphis AChas.J2d wk Feb
*Mexican Cent
*Mex. N.
2d wk Feb
(allIns){January...
Mil.L.Sli.AWest Bd wk Feb
Milwaukee A No. 2d wk Feb
Minneap. A St. L. | January.
Miu.St.Ste.M AA December.
39.890
33,971
17,068
15,508
49,486
50,267
17,440
303,495
36,195
59,517
99,342
6,773
8,317
37,840
117,500
147,960
39,765
14,695
81,000
Gross Earnings to Latest Dates.—The latest railroad
earn¬
ings and the totals from Jan. 1 to latest date are given below
for all the railroad companies whose reports can be ob¬
tained.
Latest
Earnings Reported.
Jan. 1 to Latest Date.
Hoads.
Mo
1887-8.
1886-7
1887-8.
1886-7.
$
$
$
$
179,048
156,799 2,029,108 1,812,729
Ateh. T. A S. Fe. November. 1,657,078 1,719,355 16,965,412 14,459,378
Atlanta A Char. December.
120,628
101,411 1,319,377 1,158.504
Atlanta*W. Pt.. January...
41,544
37,882
41,544
37,882
52,685
Atlantic* Pac.. 2d wk Feb
321,355
44,769
297,102
Balt. * Potomac January...
107,127
122.498
122,498
107,127
Beech Creek
December
97,352
58,789
786,823
609,096
Buff.Roch.* Pitt 2d wk Feb
36,187
32,932
217,194
189,310
49,783
47,470
316,919
Bur.C.Rap.&No. 2d wk Feb
315,907
Cairo V. & Chic 2d wk Feb
13,527
12,646
81,133
82,428
Cal. Southern... 2d wk Feb
49,791
235,966
ICamden & Atl’c December
33,724
29,597
678,644
599,091
Canadian Pacific2d wk Feb
188,000
139,000 1,194,000
898,493
27,253
20,713
Cp.F’r &Yad.Val January...
27,253
20,713
Carolina Cent... jDecember.
48,695
46,219
Central of Ga...{2d wk Feb
118,903
103,752
906,246
723,658
Central Iowa
109,446
99,745
99,745
January...
109,446
Central of N. J.. December, j
974,880
995,925 11,528,588 10,742,892
Central Pacific
November. 1,307,442
964,132 12,498,085 10,904,835
Central of S. C. {December
8,937
7,672
Charlest’n *Sav I December.
49,557
49,814
495,762
482.895
Cheshire
December.
50,841
49.155
654,932
630,703
Cheraw & Dari December.
8,761
6,681
358,551 4,080,399 3,755,867
393,171
Chesap. & Ohio. November.
Eliz.Lex.&B.S. December.
99,321
80,846 1,115,073
937,528
Ches. O. & S. \V.. January...
160,759
145,600
160,759
145,600
Ches. & Lenoir.. December.
6,808
5,414
Chic. A Atlantic 2d wk Feb
33,873
38,957
209,751
216,468
Chic. Burl. &No. December.
149,296 2,276,198
141,998
Allegheny Val.
.
December.
.
.
.
Chic. Burl. & Q
December 2,163.388 2,368,432 27,576,078 26,728,408
Chic. & East. Ill. 3d wk Feb
41,56<>
33,260
277,262
258,878
Chic. & Ind. Coal 2d wk Feb
21,671
14,171
76,693
49,061
Chic. Mil. &St.P. 3d wk Feb
368,134 2,553,000 2,544,291
382,000
Chic. * N’tliw’n. j January... 1,571,289 1,723,173 1,571,289 1,723,173
Chic. & Oh. Riv. I January..
3,274
6,631
3,274
6,631
Chic.St.L.&Pitts January...
Chic. St.P. &K.C.IJanuary...
Chic.St.P.M.&O. December.
Chic. & W. Mick.'2d wk Feb
Cin.Ind.St.L.&C. January...
Cin. Jack. & Mac. i2d wk Feb
Cin. N. O. *T. P. 2d wk Feb
452,716
121,862
599,410
Ala. Gt. South {2d wk Feb
N. Orl. & N. E
wk Feb
Vicksb. & Mer. 2d wk Feb
Vicks. Sh. & P. |2d wk Feb
29,342
|2d
ErlangerSyst 2d wk Feb
Cin.Rich.*Ft.\V. 2d wk Feb
Cin. St l. & Mob.. January...
Ciu. & Spring’d. January...
Cin.Wash.*Balt.;2d wk Feb
Clev. Akron ACol 1 st wk Feb
Clev. * Canton {December
Clev.Col.C.A Ind January...
Clev. A Marietta 2d wk Feb
Cceur d’Alene... December
Col. & Cin. Mid 2d wk Feb
Col.Hock.V. AT. 2d wk Feb
Denv. A Rio Gr 3d wk Feb
Denv. A Ii. G. W. j2d wk Feb
Den. Tex.AGulf. January...
Det.Bay C.AAlp. January...
Det.Lans’gANo. 2d wk Feb
Duluth S.S.AAtl. 2d wk Feb
E.Tenn.Va.AGa. 2d wk Feb
Evans.* Ind’plis 3d wk Feb
Evausv. A T. H. 3d wk Feb
Flint A P. Marq. 2d wk Feb
Fla. R.ANav.Co. 1st wk Feb
Ft.W.A Den.City 2d wk Feb
Georgia Paoittc 2d wk Feb
Gr. Rap. A Ind... 2d wk Feb
.
Other lines.... !2d wk Feb
Grand Trunk
j Wk.Feb.l 1
...
Gn.Bay W.ASt.P December
Hoii8.ATex.Cen. 2 wks Feb
Humest’n ASlien December
Ill.Cen. (Ill.*So) January...
Cedar F. A Mm.
Dub.ASiouxC.
la. Falls AS. C.
Ind. Bloom. A W.
Ind. Dec. A Spr.
Ind. A St. Louis
Jack. T. A K. W.
K.C.Ft.S. AGulf.
Kan. C. Sp. AM
Kan. C. Cl. A Sp
Kentucky Cent
December
December
December.
4th wk Jan
January.
2d wk Feb
November.
1st wk Feb
1st wk Feb
1st wk Feb
December
Keokuk A West. 2d wk Feb
Kingst’n A Pern. 2d wk Febj
1887-8.
Si
$
1886-7.
23,933
446,385
82,045
452,716
121,862
563,499
6,943,428
20,717
21,634
203,392
7,767
60,505
216,168
6,350
62,783
30,764
12,282
10,442
125,222
203,392
48,923
400,370
20,160
10,631
10,609
131,247
8,521
9,747
85,239
38,921
9,980
28,804
313,436
5,560
16,181
5,277
46,831
130,500
21,200
22,871
27,500
14,538
15,358
110.502
4,700
17,000
41,406
23,592
17,000
9,744
126,015
6,141
10,297
85,610
35,834
8,549
29,197
298,349
7,068
6,139
48,097
134,800
15,775
13,890
24,396
14,145
15,091
101,939
4,570
14,400
38,749
22.424
9,980
196.669
108,580
66,098
68,215
839,932
44,427
9,747
85,239
252,550
52,916
373,9651
313,436
36,163
34,730
298,973
989,400
125,075
22,871
27,500
89,462
109,747
701,936
29,305
112,056
280,392
118,804
100,215
29,729
22,625
167,954
36,649
3,045
259,613
34,352
217,584
1,554
310,045
19,062
1,581,251
25.885
87,679
17,420
888,900
9,720
81.155
77,924
52,042
28,471
33,415
35,492
40,712
32,152
3,734
81,137
6,627
3,423
446.385
82,045
6,153,266
129,170
216,168
40,876
384,464
187,798
92,603
74,778
82,855
822,498
39,843
10,297
85,610
256,582
45,309
356,916
298.349
36,712
41)345
328.202
942,270
101,909
13,890
24,396
100,492
71,321
621,113
31,937
97,574
252,721
112,646
56,756
138,030
214,818
10,716
1,717,947
446.852
99,540
16,564
959,948
9,725
79,230
60,398
58,9^2
42,487
40,210
38,624
43,692
31,954
5,334
71,461
6.049
1,663
277,930
161,761
888,900
116,592
846,406
703,449
187,365
28,471
232,288
402,173
236,612
174,242
24,000
1,067,468
42,254
15,818
318,124
160,852
959,948
163,851
947,808
636.647
202,600
42,487
34.838
33,902
212.089
17,068
98.167
316,055
550,638
20,912
18,393
46,117
52,472
212.322
20.912
15,779
115.314
118.261
287.023
507,261
97.256
301,840
1,895,215
34.105
205.568
340.511
1,812,138
42,743
46,924
4,613
5,260
32,606
204.082
304.078
99.342
46,924
64.342
100,149
140.991
37,616
15,808
117,845
15,690
236,015
242,094
15,641
64,164
24.757
15,721
236.820
733.600
147,960
240,863
94,070
81,000
226,128
605,621
140.991
257,456
95.500
117,845
190,478
92,709
Mobile A Ohio
202,118
January..
202,118
236,015
Nash. Ch. A St. L. January...
270,806
270,806
242,094
Natchez Jac.AC January...
15,255
15,255
15,641
New Brunswick. December
65,568
816,443
805.067
N.Y. Cen. A H.R.s January.
2,716,704 2,714,710 2,716,704 2,714,710
cN.Y. L. E. A W December. 2,029,935 1,985,149 24,464,236 23,002,509
N.Y. A New Eng. December.
425,857
386,277 4,446.5)05 4,169,202
N.Y. Out. AW... 12d wk Feb
23.682
19,711
149,232
128,988
N.Y. Sus. A W... January...
119,527
84,596
119,527
84,596
Norfolk A West j3d wk Feb
81,052
69,715
581,005
467.016
N’theastrn (S.C.) December.
50,989
49,991
550,949
544,777
Northern Cent’l. {December
490,286
457,809 6,212.927 5,474,618
Northern Pacific. 3d wk Feb
254,319
136,485 1,265,062
948,017
Ohio A Miss
2d wk Feb
78,086
86,679
442,291
457,281
Ohio River
2d wk Feb
6,618
3,557
40,771
25.518
Ohio Southern. January...
59,186
59.186
53,476
53,476
..
or
1886-7.
AND
r
Week
Jan. 1 to Latest Date.
371,205
264,470 4,167,707 2.999.483
Oregon Imp. Co December.
539,849
Oreg.R. AN. Co. December
403,152 5,376,258 5,344,962
Pennsylvania... December. 4,892,954 4,428,216 55,671,303 50,379,068
Penn. Company.j
No. West. sys. December.
So. West. sys. December.
Peoria Dec. AEv. ; 3d wk Feb
1,585,696 1,350,956 18,532,322 15,469,215
1,287,937 1,166,064 14,362,552 12,002,449
.
13,700
14,40(»
31,404
28,300
Phila. A Erie
328,637
301,174
tPliila. A Read’g. December. 1,715,656 1,576,714
Coal A Iron Co. December 1,573,422 1,342.525
Petersburg
November.
j December
...
326,276
4,036,931
Ol
QAQ 070
326,i77
3.708.484
19,766,815
191656.70 *|15,843,679
Tot.botli Co’s..! December 3,289,078 2,919,238 41,559,777 35,610,494
Pitts. A West’rn. |2d wk Feb
29,226
30.499
172,9861
214,105
P’rt Royal A Aug. jDecember.
27,5441
22,510
320,404
305,675
Pt. R’al A W.Car. December.
36,723
27,366
RAW.P.Ter.Co—
Rich. A Danv. 2d wk Feb
113,950
104,125
614,484
548,839
Va. Mid. Div.. 2d wk Feb
31,575
27,250
189,807
163,131
C. C. A A. Div.|2d wk Feb
2 4,65"
21,800
131,507
111,076
Col. A Gr. Div. 2d wk Feb
22,200
20,700
100,264
84,283
West. N. C. Div 2d wk Feb
17.200
15.500
82,849
77,424
W. O. A W.Div.;2d wk Fell
1,825
1.335
11.535
11,062
Ash. ASp. Div. 2d wk Feb
850
2,050
12,324
4,540
Total all
2d wk Feb
213,450
191,560 1,134,571
997,340
Ricli.A Petersbg. November.
20,175
17,332
210,584
193,452
Rome W. AOg ..December.
263,806
233,294 3,215,600 2,878,675
33,415
19,590
54,028
94.200
IJSt.L. Alt. AT.H. 2d wk Feb
Branches
St.L. Ark. A Tex
St. L. A San Fran.
St.Paul ADuluth
St.P.Min. A Man.
S.Ant.A Ar.Pass.
Scioto Valley
2d wk Feb
2d wk Feb
3d wk Feb
3d wk Feb
January...
2d wk Jan
December.
Seab’rd A Roan.December.
Shenandoah Val January...
South Carolina
December.
So. Pacific Co.—
Gal.Ilar.AS.A. December.
Louis’a West.. December.
Morgan’s LAT. December.
N. Y. T. A Mex. December.
Tex. A N. Orl.. December.
Atlan’c system December.
Pacific system December.
Total of all.. December.
So. Pac. RR.—
No. Div. (Cal.)
So. Div. (Cal.){November.
Arizona Div ..{November.
New Mex. Div November.
235,114
108,153
320,311
248.342
655,965
157,834
656,996
18,075
19,659
125.854
459,251
62,901
6i*,037
482,421
34,781
789,124
67,486
54,693
57,288
97,949
50‘00'0
57,288
1,217,392
1,120,060
122,898
.
232,288
114,876
482,421
17,820
50,000
-
40,210
18,^57
41,159
97,708
'
142,765
465,903,
166,217
1,590,163
1,501,638
342,848
169,176
134,348
59,202,
55,900
3,885,483
1,521,815
635,799
2,985,881
1,395,676
607,983
8,191*
Spar. tJn. A Col. December.
Staten Is.Rap. Tr {January...
42,883
8,177
40,628
86,311
127,186
7,870
19,363
14,581
77,954
81,793
42,883
156,973
40,628
86, m
Summit Branch ! J anuary...
156,973
Texas A Pacific. 2d wk Feb
785.794
112,130
Tol.A.A. A N.M’h 2d wk Feb
9,340
68,084
Tol. A Ohio Cent. 2d wk Feb
25,562
156,221
Tol. P. A West ..{2d wk Feb)
15,469
104, >*54
Union Pacific... December. 2,243,872 2,343,543 28,557,766
61,106i
601,160
56,793
Valley of Ohio..1 November.
Wab. Western... 2d wk Feb
105,670
79,070
578,185
Wab., E. of Miss December.
546,796
Western of Ala., 'anuary.
West N. Y. A Pa. 2d wk Feb
tWest Jersey
December.
Wil. Col. A Aug December
49,440
50,300
98,897
Wheeling A L. E. 3d wk Feb
18,033
aWiscousin Cen. 2d wk Feb
56,849
.
And branches.
c
After
a
All lines included.
684,376
314,878
246,670 3,347.184 2,599,463
77,846
66,061
843.794
644,688
620,732
484,833 4,684,259 4,185,437
15,536
158.858
14,073
170,526
119,126
102, L 54 1,267,563
998,169
1,148,119
913,792 10,313,408 8,586,617
2,402,5)77 1,95)0,754 27,055,799 23,523,541
3,551,096 2,904,546 37,369,205 32,110,158
|November.
♦
459,251
68,833
-
589,546
45,474
38,400
83,569
62,989
13,295
40,652
755.088
52,178
127,131
105.464
26,280,186
6,901,587
49,440
317,700
1,469,215
747,057
12L.594
338,080
1,352,458
677,667
92,158
307,973
* Mexican currency.
deducting earnings paid over to leased roads operated
centage basis.
tNot including Central of N. J. in either year.
H Including Ind. A St. Louis.
Latest
570,977
600,666
6,791.215
45,474
272,609
on a per¬
Gross
Earnings by Weeks.—The latest weekly
earnings in the foregoing table are separately summed up
below.
235,114
252,459
263,358
199,387
19,182
920,697
36,643
9,837
There is
ings.
covers
cmt.
crease.
no change in the character of the reports of earn¬
For the second week of February our statement now
76 roads and the increase over last year is 5 38 per
Twenty-one roads of the seventy-six show a de-^/
’
THE CHRONICLE
252r
2d week
of February.
1888.
1887.
Increase.
Decrease.
$
$
$
$
52,685
36,187
49j783
13,527
188,000
Burf« Cedar K. & North...
Cair^Vin.,* Chk)....
Canadian Pacittc.
Alabama Gt. Southern
New Orleans & N. E—
Vicksburg & Meridian..
46,464
6,627
Virginia Mid. Div
Col, * Gr. Div
West North Car. Div
Wash. O. & W. Div
Ash, & Spar. Div.
*St. L. Alt.* T. H.f M. Line
St L. Alt. & T. H. Brchs.
St. Louis Ark. & Texas...
St. Paul * Duluth
Texas & Pacitic
Toh Peoria * Western..
Wabash Western
Wisconsin Cent, (all lines)
862
Net...
8,563
2,657
2,297
1,491
50,432
••■■■••«
17,440
303,495
36,195
59,517
37,840
34,105
Char. Col. &
2,885
15,808
19,711
3,971
86,679
3,557
3,061
West No. Car. Div..Gross.
........
1,113
1,273
9,825
4,325
15,500
1,335
1,700
850
1,200
r-
40,210
18,557
,,
tJ
6,795
1,033
m
_
m, m
2,247
15,056
888
27,600
162,315
196,819
Including Indianapolis & St. Louis,
11.
roads,
gain of 15 53 per cent. This large percentage of gain
in great measure due to the exceptionally heavy increase on
a
the Northern Pacific.
Denver & Rio Grande
18,033
1,144,390
990,159
382,000
130,500
4,700
17,000
49,486
39,765
81,052
254,319
13,700
94,200
18,075
....
Evansville* Indiunap...
Evansville & T. H
Long Island
Milwaukee L. Sh. & West.
Norfolk & Western
Northern Pacific
Peoria Dec. & Evans
Bt. Louis & San Fran
Bt Paul & Duluth
Wheeling * Lake Erie....
Total (13 roads)
Increase.
1887.
$
33,260
368,13 4
134,800
4,570
14,400
46,117
3/ ,616
69,715
136,485
14,400
97,708
19,659
13,295
$
$
8,300
13,866
Decrcast.
$
178,633
125,832
42,984
84,257
41,522
57,864
28,977
50,674
4,891
7,010
def. 1,914
m•-...
4,300
r-Oct. 1 to Jan. 31.->
1S8G-7.
1887-8.
110,281
56,185
68,576
36,176
44,383
15,333
49,949
11,582
7,527
2,333
621,755
269,403
1,798,188
915,990
558/ 65
226,028
372,995
203,755
257,683
1,565,295
116,342
216,054
108,224
31,703
37,578
2,683
3,240,563
1,496,502
162,390
34,291
768,496
510.182
172,286
313,013
162.182
1887.
193,148.
30,190
30,83,7.
12,848-.
2,859,212;;
1,254,22631.--%
1886.
$
$
1,899,314
1,659,494
771,680
•
240 736
r-Feb. 1 to Dec.
$
161,879
57,589
$
389,867/'
^REPORTS.
Cincinnati New Orleans & Texas Pacific Railway Co.*
Lessee of the Cincinnati Southern Railway.
(For the year ending December 31, 1887. J
The annual report of Mr. Charles Schiff, President, showsthat “the total amount expended for rolling stock, equipment
and other property owned by this company up to Dec, 31,,
1887, as shown by the bocks, was $2,199,801. In comparison
with the preceding year, the gross earnings show an increase
of $495,380, or 17’19 per cent.
The operating expenses show
an increase of $280,693, or 16 per cent.
The net earningsshow an increase of $214,686, or 19*03 per cent.
There were
moved during the year 1,421,841 tons of custom freight,
against 1,169,609 tons the preceding year, an increase of
251,732 tors, or 21*52 per cent. The revenue per ton of fr ight
transported was $1 72, against $1 79 the preceding year, a de¬
crease of $0 07 per ton, or 3 91 per ceni.”
*
*
*
*
“After pioviding for the expenses of maintenance, for opera¬
tion, for taxes and for rental, the surplus revtnue was $348,765, against which there has bet n charged and credited to a
sinking fund the sum of $63,766, for the redemp¬
tion of capital expenditures, additions and improvements tothe leased property. The capital expenditures of the com¬
pany
2,600
3,369
2,149
11,337
117,834
700
3,508
1,584
4,739
164.323
3,248,820
1,418,975
for the year were ; For roadway and structures (im¬
provements and additions that will revert to the city on ex¬
piration of the lease), $152,116. T1 e expenditures chargeable
agaicst capital at the close of the year aggregate $3,068,791
130
.......
341,039
167,794
$
Road.
$
3,789,851
1,679,760
$
.
December.
1887.
1886.
reserve or
10,092
154,231
Net increase (15-58 p. c.).
.
Net Earnings Monthly to
389.759
1886-7.
$
$
Net...|g. 295,092
....
the returns of thirteen
1887.
Gross.8^15,396
Total of all
1886-7.
c.
12,869
41,159
19,659
359,134
41.560
$
522, f 91
234,059
147,534
-January.—
ANNUAL
........
3,655,460
Chicago & East. Ills
Chicago Mil. & St. Paul...
Wash. Ohio &W—Gross.
490
3,852,279
1888.
Net-
Lake Erie & Western Gross.
Net...
2,850
1,500
10,197
3d week oj F< bruary.
.
Net...
30,499
104,125
27,250
21,800
20,700
56,849
For the third week we have
Col. & Green. Div..Gross.
Net...
.......
L.
1887-8.
1887.
$
668,998
93
127,186
14,581
105,070
46,652
i For the week ending February
Aug...Gross.
Net...
69
42,743
32,606
100,149
15,469
78.070
Net...
7,892
578
«
$
$
765,900
427,227
—July 1 to Jan. 31.—,
1887-8.
1887.
$
Va. Midland Div. ..Gross.
t
_
/—Fib.
1 to Jan. 31—.
,
1887-8.
1886-7.
.
....
....
937,528
327,621
92,709
42,173
$
$
&
$
203,39231 216,168 1,610,419 1,615,163
605,377
'642,698
70,773
87,801
January.
.
/■ -Sep!. 1 to Jan. 31.—.
Road.
Rich. & West Ft. Ter. Co.Rich. * Danville...Gross.
Net...
7,062
$
$
64,500
63,300
,
January.
1888.
7,020
7,104
1,115,073
408,855
190.478
49,094
1.887.
1888.
•Road.
393
267
1,661
1,655
2,090
16,774
5,234
17,351
112,130
Cin. Ind. St. L. & C.. Gross.
Net...
Central of Georgia...Gross.
5,425
Net increase (5*38 p. c.)..
is
1,508
....
15,779
301,840
24,650
22,200
17,200
1,825
2,050
33,415
19,590
54,028
17,412
Char. C. & A. Div
2,380
3,087
l,76()j
113,950
31,575
....
........
$
80,846
30,849
15,690
January.
1888.
Road.
189
865
1,663
33.902
18.393
23,682
78,086
6,618
29,226
OhlQ & Mississippi
Ohio River...
Pittsburg * Western
Tenn. Coal & Iron Co.Net...
Jan. 1 to Dec. 31.—%
1887.
1886.
$
$
„
FIscalllear.
1888.
1,422
3,423
33.971
15,508
117,500
14,695
Milwaukee * Northern...
New .York Out. &West...
5,084
.
7,878
9,980
22,625
34,352
1,554
310,045
54,356
6,049
259,613
.
•
,
2,278
14,145
15,091
101,939
38,749
3,045
Memphis & Charleston...
Mexican Central
•
1,417
35,834
7,068
6,139
15,775
36,649
Louisville & Nashville....
Louisville N. Alb. & Chic.
Louisville N. O. & Texas
*. m
Month and
••••••••
917
6,350
29,729
Lake Erie & Western.....
Little Rock & Memphis...
Louisv. EvansV; & St. L..
•
Minnean. 8. 8. & Atl.Gross.
Net...
7,500
62,783
30,764
12,282
10,442
9,744
6,141
14,538
15,358
110,502
41,4< 6
17,000
Kingston* Pembroke...
•
Net...
........
21,634
5,560
5,277
21,200
Duluth 8. 8. & Atlantic...
East Tenn. Va. & Ga
Flint & Pere Marquette.
Fort Worth & Deny. City.
Georgia Pacific
Grand Rapids & Indiana..
Other lines
tGrand Trunk of Canada.
Houston & Texas Cent...
Keokuk & Western
Total (76 roads)
38,957
14,171
8,521
38,921
Cleveland & Marietta
Col.<* Cin. Midland
Denver A R. Grande West.
Detroit Lans. & North—
r_......
49,000
15,151
103,752
10,609
Vicksburg Shrev. & Pac.
Cin.jBich. & F. W
Cin.fWash. &. Balt
with
$
99,321
3u,302
23,933
3,436
Big S’y.Gross.
Eliz. Lex. &
■■•••■•>
881
139,000
21,671
20,717
7,767
60,505
29,342
20,160
10,631
Cin. N. O. & Texas Pac...
7,916
3,255
2,313
32,932
47,470
12,646
118,903
33,873
Centfral of Georgia!
Chicago & Atlantic
Chicago & Ind. Coal
Chl<v & West Michigan...
Cincinnati Jack. & Mack
26,358
121,004
1,045,254
44,769
1,139,900
Buffalo Roeh. & Pittsburg.
*
December.
1886.
1887.
-•
Roads.
Prev’ly report’d (16 roads)
Atlantic & Pacific..
Richmond & Danville
[Tol.’XLVI.
Latest Dates.—The tables follow,
the amount of
capital stock is $3,000,000, showing that the
expenditures have been $668,791 in excess of capital actually
paid in. There has been transferred from net revenue to re¬
serve or sinking fund during the past six years $287,367, and
there is a balance now remaining of $509,197 standing to the
credit of net revenue account. Treating the expenditure in
excess of capital, as compensated by these two balances, there
will still remain to the credit of net revenue account the sum
of $127,773, which is a more correct statement of the net
revenue account at Dec. 31, 1887.
Your directors were in
ing show the latest net earnings reported this week, the
being published here as soon as received, hopes that with these satisfactory results for the year’s work¬
ing they would have been enabled to recommend the declara¬
but not kept standing from week to week.
The first state¬ tion
of a dividend, but in view of the) necessity of providing
ment includes all roads for the latest month and from Janu¬ for the erection of new shops and for/considerable additional,
ary 1, 188S; following that we give the totals for the fiscal rolling stock to keep up with the increase ot traffic, and in.
year on those companies whose fiscal year does not correspond consequence of the losses caused by the accident of Dec 31*
they deem it more advisable and in ilie interest of \ he com¬
with the calendar year.
pany that no dividend should be d< dared for the year 1887,,T
Month and Calendar Y<ar.
The earnings and expenses cf the company hive been a»
to Jan. 31.Jan.
-January.
ry
follows for four years past;
1888.
1887.
18S8.
returns for each road
*
1887.
Roads.
B at. * Potomac
.
Gross.
Net...
Keokuk A Western...Gross.
Net...
*
.
covers
122,198
47.943
107,127
30,981
29,200
24,545
7,827
8,783
156,973
86,311
30,951 def. 1.594
122,498
47,948
29,200
7,827
107,127
30.981
24.545
8,783
Only coal and mining operations.
1889.
1887.
1,875,7*2
$< 26.463
2,130,76»
$740,617
2,193,040’
48,712
49,519
43,<>54
5.*v'31
$2,658,184
$2,681,546
$2,882,172
$3,377,c 52
1,754,174
1,616,735
1,753,8/4#
1884.
$
156,973
86,311
Net...
£0,951 def. 1,594
99,342
46,9243
99,342
46,924
Gross.
Net.. def. 7,864 df. 15,233 def. 7,864 df. 15,233
Summit Branch ....Gross.
Lykens Valley
$
$
Passengers
Freight
Mail service...
Express service
Miscellaneous
Total
Working expenses...
Net earnings
$654,197
1,855,856
50,991
48,428
1885
$662,971
56,66L
36 613
56,904
24 385
63,694
24,670
2,034.572:
$904,010 $1,064,811 $1,128,292 $1,342;980-
Tebruary 25,
THE
1S38.J
CHRONICLE.
1834.
1885.
1830.
For taxes
$8 1.809
^For rental.
812,003
$33,800
812,000
$73,700
834,043
$32,214
912,000
$894,803
$905,830
$913,743
$994,214
Deduct—
Total
1337.
the
2p3
largest gain being from the transportation of coal; but
the freight and express earnings also show handsome gains,
and are considerably larger than ever before.
The revenue
from the transportation of passengers ani tfaails has^alletikjff,
which is due to the fact that by the expiration of our right
to
operate the roads running into Sc-anton we have been,de¬
prived of the large local passenger business that we have here¬
tofore done in the Wyoming region, i We may hope this year
The percentage cf operating expenses in 1887 was 60 24; in
to regain the most of this loss, as upon the
1886 was 60*86; in 1885 wa3 60 29; in 1834 was 66 per cent.
completion oLlho
Wilkesbarre & Scranton Railway we shall be in a position to
BALANCE SHEET DECEMBER 31.
resume the transportation of passengers to Scranton.
.The
Dr.
1835.
1886.
1837.
chief item of gain made in our freight business is from the
Purchase of rolling stock, tools,
carrying of bituminous coal, a large and increasing amount
Ac., Oct. 12, 1831, as per lease.. $1,865,774 $1,865,774 $1,865,774
of which now passe* over our road from the Beech
Betterments, additions, Ac since
Qr.^ek pial
Oct. 12, 1831
1,438,905
1,650,901
1,803,018
region; the gain from this source more than compensating
Materials, Ac on lia.d
145,675
97,216
106,197
for the los3 of transportation on crude petroleuril, which tftir
Other railroads
218, *50
152,148 '
179,819
Bills receivable
205.084
principal
shipper, the Tide-Water Pipe Line Company, ma<jle
2,673
<hi9h in hand and in banks
59,232
23,011
142,417 arrangements during the year to carry to tide-water at j jfpw
.Sundry items
247,323
264,538
308,400
York by means of pipes.
The total anthracite tonnaere trans¬
ported over the roadshows a considerable fallibg Off, S^hich
Total.
$4,132,563 $4,070,295 $1,445,133 was due to the loss of tonnage from the Lehigh region, bbnheCr.
1885.
1836.
1887.
quent upon the cessation of work at the miae3 in that region
Capital stock
$3,000,000 $3,000,000 $3,000/00 on the 10th of September.
The tonnage from the1 Wyou&tAg
Reserve for sinking fund
223,602
167,323
287,367
region shows a large increase, but not sufficient to coqnterReplacement of ro‘1. stock fund..
33,647
45,621
59,655
balance entirely the loss from the Lehigh region”
210,528
Supplies,Ac., Ares’vr* fortaxos, Ac.
287,245
206,513
Creditors oil piy-rolIs
98,855
83,746
108,059
Comparative statistics for three years are as follows :
Other railroids
$9,210
^Surplus revenue
$159,011
$214,549
$348,766
,
,
...
*
378.939
76,568
201,032
65,926
224,198
100,580
■Ciu.So. RR ronta^cr’d but not due.
Net revenue account
Total
$4 132,568
73,308
201,033
509,198
$4,070,295
$4,445,133
Receipts—
Royalty
year
Chronicle
as
of four years
below :
have been compiled for the
EARNINGS AND
EXPENSES.
1834.
1335.
1386.
...
Not
receipts
‘Interest and rentals
Balance, surplus....
Dividends
Rate of divideLds..
1885.
1886.
1887.
7,918.813
7,427,^23
5,113,322
8,311.796
5,187,089
7,224,403
5,186,711
2,805,490
2,096,000
2,240,834
2,037,692
1,834,000
3,138,377
1,831,000
7
7
1,96',000
8
Balance after divid’ds.. *
7 ha
709,490
275,834
The report
in
shows that 11*97 per cent
1837, against 7*77 per cent in 1886.
5,203.419
203,692
was
earned
1884.
RR., buildings,equip-
•
$
ace’ ts
34,250.418
5,449,713
*527,121
Materials, fuel, Ac...
1,049,712
Net cash A
•
1885.
cur.
$
$
34.508.047 34,496,431
5,374,918 4,770,654
*897.331
1,221,174
1887.
$
34,669,226
5,735,779
*1,037,985
1,246,976
41,276,965
41,181,899 41,385,590 42,689,966
26,200,000
26.200,000 26.200,000
3,674.0 > >
3,6*4,000
11,032,065 11,307,899 11,511,590
26,200,000
12,815,966
Total liabilities
41,276,965 41,181,899
42,689,966
4,044,900
41,385,590
3.674,000
on
either side of the account which
mike up the above net balance of $1,017,935 in 1837
follows, compared with similar items in 1836 :
•go to
as
Accounts receivable, as follows:
•■•Cash on hand.
‘
-Coil on hand (less than market value)..
Advances to leased roads
Advances on coal to be delivered, Ac
"Coal bills and sundry accounts duo
Assets of New York Lack. A West. RR
Loans and sundry accounts receivable
1886.
$693,904
..
Total
Less accounts p •yctble, viz :
Past due dividends, interest and rentals..
Del. L. A W. div. pay. Jan. 20/87 and '88.
Rentals payable after January 1
8tate taxes
payable after January 1
December pay rolls, payable in January .
Bonds and mortgages
Vouchers due aud payable after Jan. 1...
•Sundry accounts payab e after Jan. 1
-Sundry obligations, account of trausp’n..
Total
690.766
1,606,035
1,113,107
1,721,562
741,500
937,467
are
*787] 400
$7,892,389
$175,371
458,501
1.724,154
381,756
577.331
$172,036
(For the
year
8
0,436
7.0,869
755,100
953,193
$397,331
1,725,404
503,548
781,191
8
to,436
1,592 570
550,600
242,718
$6,8 34,404
$1,037,985
ending December 31,1887J
President, states that “the
warnings of the Lehigh & Susquehanna Riilroad system again
rili jw a considerable mcrea<e over those of the
previous year,
80,797
71,302
$59,4 5 4
$58,948
73,0 Ml
61,965
75.526
80,039
844,488
$365,649
$93,553
$620,021
$39,419
$63,318
75,0*9
39,509
85,574
967,420
U;
$671,476
$61,597
1 1
86,869
$180,427
$635,222
679,936
$39,419
$530,602
93,009
$159,606
$512,070
644,037
683.343
6
4
$644,03 7
$646,745
Company.
(For the year ending December 31, 1887J
report of Mr. Mayer, the President, says that the coal
and delivered from the Consolidation Coal Company’s
mines in 1886 was
steam coal trade
675,652 tons and in 1887 936,799 ton*.
-‘The
of the Atlantic seaboard has been in a
healthier condition in 1887 than for several years past, and it
is
hoped this condition will b9 maintained for 1883.w
“The mines of the company are now
capable of
*
*
*
daily out¬
a
put of 4,000 tons—this has in the past year, under pressure,
been carried up to 4,500 tons per day.”
*
*
*
*
*
“In every department the property of the company is
capable of doing the busine3S of the approaching
season
in
the most efficient manner.”
The gross
receipts from mines, railroads, rents, Ac. (includ¬
ing value of stock of coal
on hand) were
$2,373,083
of every kiyd (exclusive of interest and sink¬
ing fund), including 400 tons of heavy steel rails and all
extraordinary outlays
1,949,253
Net receipts
Interest on funded debt and
$423,829
162,138
sinking fund
Leaving balance to the credit of profit and loss from the
business of 1887
From which deduct—
Dividend for tlie year 1887. pavable Jan. 31, 1888
Amount carried to the credit of “Royalty Fund”..
Amount for new coal shipping pier, Ac., at B ilti-
$261,690
$153,750
47 517
30,000-
more
231,26T
Balance for the year
American Coal
458 501
Lehigli Coal & Navigation Company.
The report of Mr. J. S. H uris, the
52,524
1837.
$1,084,082
470,868
2,165,838
1.224,654
2,159,547
$7,504,341
$6,G07,010
Balance, accounts icceivable
148,452
Tut »1 expenses
Net balance between liabilities and assets.
Tbe statement of items
135,104
39,581
89,739
844,692
Consolidation Coal
The
mined
Total
Liabilities—
Stock.
Fun led debt
Surplus account
*
16.686
396, LOS
$633,843
on the stock
1886.
*357,562
941,372
33,562
$1,365,158 $1,214,445 $1,156,107
681,315
570,408
509,362
Dividends
Rate of dividend.
1,304,377
GENERAL BALANCE AT CLOSE OF EACH FISCAL TEAR.
Assets—
m’t. coal lands, Ac..
;StksAbds. own’d,cost
Less sink. fd. of 10 p. c. p. ton on coal
Less depreo’n on coal, impr’ v’m’ts, Ac.
Balance to credit of div’d fd. Jau. 1..
INCOME ACCOUNT.
1884.
;;;
$1,984,676 $1,728,507 $1,803^36
Disbursements—
General and legal expenses
Rent and taxes Nesquehoning Val.RR
Rent and taxes Delaware Div. Canal
Taxes
Interest account
.23,393,180 23,^63,754 25,118.462 31,504,061
7,918,812 7,427,923
7,224,403
8,341,796
Net receipts
•
1837.
$
$
$
$
-Cross rec’ts all sources. 31,311,992 31,091,677 32,352,865 39.845,857
Operat'ng expenses
23,008.147 23,2 20,572 24,954,433 30,691,000
Betterm’ts, equip., Ac..
38 3,033
443,182
164,029
810,061
Total expenses
coal mined by lessees,
rents, Ac., &o
ending December 31, 1887.^
statements
1887.
65,971
50,220
11,038 def. 1,995
revenue from
The annual report of this company consists of a brief in¬
come account and balance sheet, issued without
remarks, and
the
on
1886.
Nesque. Tunnel. $1,459,035 $1,464,381 $1,533,184
Lehigh Canal, inch water powers
Delaware Division Canal
Net profit on Lehigh Coal
Delaware Lickawanna & Western Railroad.
(For the
1885.
From railroads and
$30,423
Company.
(For the
year ending December 31,
The annual statement gives these figures:
1887. J
Received for coal sold, rents, interest, Ac
Value of coa ou hand
Mining, transportation and shipping expenses
Taxes
Bond interest to March 1, 1888
Salaries, office and contingent expenses
Lecral expenses
Fire insurance and traveling
Net profit in 1887
Less 22a div dend, paid March 10, 1887.
Balance
Total nominal surplus Dec. 31, 1887
$639,986
1 2,250
$352,137
$334,932
6 20 2
12,000
13,760 a ^
253
264 -567,413
$8 4,823
*
30 000
$34,823
$J27,->27
CHRONICLE
THE
254
GENERAL INVESTMENT NEWS.
Chesapeake & Ohio.—Messrs. Drexel, Morgan & Co. report
that the
of the
success
reorganization plan is practically
assured, the old securities having come in rapidly.
The syn¬
be able shortly to authorize the contractors to
go ahead with the bridge at Cincinnati, it being very important
that there should be no delay in getting early at the work to
have it completed in time for next winter’s business. All the
details of the plan have been fully set forth in the circular
issued by Messrs. Drexel, Morgan & Co., already published
dicate expect to
in the Chronicle.
Chicago & Alton —Annual report of Chicago & Alton
Dec. 31 shows these results:
for the year ending
1887.
Net
1886.
$8,941,386
Gross earnings
Operating expenses
5,270,202
$8,060,639
4,650,955
$3,671,183
269,238
$3,409,684
Other income
Total
Interest and rentals
$3,940,421
1,541,638
$3,692,339
1,538,158
Balance
Dividends
$2,398,783
1,407,644
$2,154,181
1,407,224
Balance
$991,139
750,115
$746,957
356,250
$241,024
$390,707
earnings
Sinking fund and improvements
Surplus
282,654
Chicago Burlington & Northern.—The following state¬
1887:
ment is issued for the calendar year
Freight earnings
Passenger earnings
Miscellaneous earnings
Total earnings
Operating expenses and taxes
...
1,808,763
Net earnings
Other income
[VOL. XLVL
Board, whose statement in the matter may be regarded as
official,
says that the Rock Island will during 1888
between 275 and 300 miles of road, from its present
complete
terminus
the Kansas border, west to Colorado Springs. No new
lines will be built between Colorado Springs and Pueblo, or
between Colorado Springs and Denver.
Th;s is in accord
with a definite arrangement arrived at between the Denver’s
Executive Board and the Rock Island Company. The latter
is to have the use of the Denver’s lines from Colorado
near
Springs to Denver and Pueblo. A contract to this effect has
been closed, and the document is now in the hands of Mr.
Coppell. This will do away with the apprehension of serious
rate-cutting, which would have been unavoidable had the
Rock Island, as expected, decided to parallel the Denver’s
lines from Colorado Springs.
Nothing is now being done in the matter of the alleged
difficulty between the Denver & Rio Grande and the Denver
& Rio Grande Western. President Palmer, of the latter road,
“
is still abroad.
It is intimated that he has been communicated
with about a sale of his line to the Denver, and that he con¬
siders about $11,000,000 a fair price for the property, while
the Denver people are not willing to pay over $6,000,000, and
consider about $4,500,000 as nearer the real value of the pro¬
perty to
them.
Mr. Coppell
says,
howeyer, that he knows
nothing about any attempt to force a trade of the above char¬
acter, which means that the matter has not been officially
considered.
President Palmer’s idea of
an
equitable
price
is
considered
unreasonable, and if there were a f avorable oppor¬
tunity for disposing of his road he would probably at once
reduce his limit about $3,000,000. The report that the Atchi¬
wants to absorb the Denver Western and unite it with the
Colorado Midland is an old one, and cannot be substantiated.
The Denver’s Sale Lake City extension scheme seems to have
come to a standstill pending some disposition of the Denver
son
Western, and has progressed nofurther than its organization.
The Denver, however, means to reach Salt Lake City over an
independent line, and will do so, whether it has to build or
whether the stockholders in May decide to buy the Western.’9
[The building of a second railroad from the Colorado line to
Total net income
Salt Lake would be another very bad example of the duplica¬
tion of lines where they were entirely unnecessary, great!y to
grack rental
Bonded interest
injury of the interests of stock and bond holders. If the
cannot agree upon a fair price for Denver & Rio
Grande Western, it is a case for rational arbitration, or in
default of that, for the interference of stockholders. In all
discussions upon this matter in the newspapers, as to cost of a
new road, &c., &c., the most important point has been over¬
looked, namely, the fact that with two roads the traffic would
be cut in half.
For one road there will ultimately be a good
business; with two roads, if they relied on this territory alone,
both would probably starve.]
the
Deficit
“,The rebate to
come
from the C. B. & Q. people is not in*
eluded in the afcove statement, and the friends of the company
are confident that when a settlement is made the deficit will
be met nearly if not quite in full. In the early months of the
operation of the road, there was, it is stated, an accumulation
charges which could not be brought into the oper¬
ating expenses until they had been adjusted. In the later
of terminal
'he item of
statements
is understood
this monthly charge
§ublished
include has
all local
been taxes
included.
and
taxes
the State tax
to
managers
business for the two months that the road
in 1886. The State tax on business in 1887 will
on
Fremont Elkborn & Missouri Talley.—This railroad, be¬
longing to the Chicago & Northwestern system, has filed
not be fixed until May, 1888.
The tax for the 1886 businf S3, amended articles of incorporation. The capital stock is fixed
paid in 1887, was some $15,000. The road earned in November at $30,000,000, and provision is made for extending its lines in
and December, 1886, $292,196 gross, and $87,629 net. The
Nebraska, Wyoming and Dakota.
The headquarters are
equipment bonds now offered will add $68,000 to the fixed changed from Fremont to Omaha.
charges of the road, furnishing, of course, equipment which
ought to add materially to the earnings.”
Georgia Railroad & Ranking Co.—The board of directors of
the Georgia Railroad & Banking Company recently held a
Chicago Burlington & Quincy.—In advance of the annual meeting and a resolution was adopted by the board, that,
report the results for the past year are given out by the commencing April 15, 1888, regular quarterly dividends of
company as follows:
two dollars and seventy-five cents each, per share of the cap¬
1885.
1886.
1887.
ital stock of the company, be paid on the 15th day of Jan¬
Gross earnings
$26,556,425 $26,728,408 $27,576,078
uary, April, July and October.
Tnis is equivalent to an
Operating expenses and taxes. 14,405,768
14,491,683
16,097,913
advance of 1 per cent a year in the rate of dividend.
was
operated
Net
earnings
$12,150,657
592,432
$12,236,725
$12,852,067
Charges and sinking fund
$12,743,089
5,127,864
5,214,514
$12,337,219
5,286,084
Balance
Dividend paid, 8 per cent
$7,615,225
6, 110,572
$7,637,553
6,110,722
$7,051,135
$1,504,653
$1,526,831
$940,071
Other income*
Total income
Surplus
*
615,342
$11,478,165
859,054
6,111,065
Exclusive of land receipts.
Cincinnati
Indianapolis St. Lonis & Chicago.—The gross
and charges for December and from July 1
and net«arnings
to December 31
were as
.
below given :
December.
v
18S7.
1886.
Gross earnings
$237,567
On. ex. and taxes.... 170,095
Net earnings.... $67,472
Fixed charges, less
miscel. income
33,333
Surplus
t
$34,139
1887.
$1,407,027
902,421
$1,398,995
873,588
$89,997
$504,606
$525,407
1887.
Gross
earnings
Expenses
Net earnings
Add profit Mackinaw
1886.
$2,361,901
1,516,997
$2,098,126
1,338,862
$844,904
5,629
$759,264
1,328
$850,533
$760,593
715,600
715,600
30,805
Transportation Co....
Total net income
Interest on bonds
Advances to leased roads
47,925
199,998
287.550
$42,072
$304,608
$237,857
Surplus
Increase in net
the subject will be interesting.
The state¬
intends during 1888 to complete
about 300 miles of railroad from the Colorado State line (the
present terminus of the Compiny’s new Western exians'on)
Springs, with independent branch lines to Pueblo
and Denver, is without reliable foundation. Chairman Cop¬
pell, of the Denver & Rio Grande Company’s Executive
report, of the income account for
1886.
$246,977
156,980
ment that the Rock Island
to Colorado
Indiana.—The following is a statement,
-
8,646
/—July! to Dec. 31.6
Denver & Rio Grande—Denver & IMo Grande Western—
Chicago Rock Island & Pacific.—The Commercial Bulletin
gives ihe following: “ So many contradictory statements hav^
been published during two weeks past about the probable
future relaiions between the Denver & Rio Grande and the
Chicago Rock Island & Pacific railroads, that an official
statement upon
Grand Rapids &
in advance of the annual
Green
earnings
$724,246
$126,287
$85,639
$746,405
$14,187
Bay Winona & St. Paul.—The gross earnings of
were $446,851; net earnings, $113,761.
this road in 1887
Indiana Bloomington & Western.—Chairman J. D.
Camp¬
Purchasing Committee, has issued a
circular to the bondholders. It reviews the proceedings which
preceded the organization of the new company under the
name of tbe Ohio Indiana & Western Railway Company, on
November 7, 1887, when Austin Corbin w b elected President.
After the latter date the Committee proceeded with negotia¬
bell, of the I. B. & W.
tions for the consolidation of the I
B. & W. and Cincinnati
Smdusky & Cleveland companies. A fioal meeting of the
companies was held in New Yoik January 31, but they failed
td agree upon any mutually satisfactory arrangement.
It
remains for the committee to submit such modifications of the
original plan as will enable the new company to meet existing
conditions, and to issue and distribute the new securities.
THE
February 25, 1888.]
CHRONICLE
The circular says: “ PursuanKto the express authority coutained in
the reorganization agreements, your Committee borrowed, to make the
cash payment required by the Court on completing the purchase, the
sum of $100,000 upon a pledge of all the securities
deposited; this sum.
with the interest, remains to be provided for by the new
Company. Un¬
der the construction by the Ohio courts of the provisions of the lease of
the C. 8. & C. roads, there was due for accrued and
unpaid reutals the
sum of $320,000 up to the date of
theappointmentof the receiver, July 2,
1886, for which a fina' and conclusive judgment was rendered
against the
old Company. This amount was enterei up in the foreclosure
decree as a
lien upon the property prior to that of the bonds under which the sale
was made, and the property was bid in
subject to this lien. Under the
proposed plan of consolidation it was provided that this amount, with
interest, should be paid out of the new issue of first consolidated mort¬
gage bonds. It is now necessary that provision should be made
by
thenew Company for the payment of this sum, with
interest, in cash, in
addition to the amount borrowed upon the credit of the securities
depos¬
ited, both amounting April 1, including interest, to about $460,000.
*
Your Committee therefore recommend that you authorize the new
Company to raise the required amount by an additional issue of bonds,
not exceeding $500,000, payable at such time,
bearing such rate of in¬
terest, not exceeding 6 per cent, and having such priority of lien, as will
secure their prompt negotiation at
par.
“The new Company, on entering upon the
possession of the property,
finds itself without any means of complying with those
provisions of tlie
reorganization agreement which provide for the payment of the accrued
interest up to the date of the new securities, in cash. The entire net
earnings were appropriated by the Receiver to the betterment and im*
.
Erovement of the property.” * * “ Subject to the approval of security
olders, the Committee recommend that the new Company be authorized
to fund the accrued interest into an issue of
negotiable certificates to
accompany the bonds,
bearing interest at the rate of 5 per cent, pay¬
able semi-annually, redeemable by lot from time to time as the
earnings
will warrant, and payable at or before the
maturity of the bonds severally,
to which it pertains, and secured,
principal and interest, by the
same
mortgages by which the bonds are secured. Under t his modi Heat ion the
relati ve status of all classes of security holders will be
preserved.” * *
“
The President of the new Company assures the committee
that the
new securities will be prepared as soon as the
necessary consents to the
modifications are executed, and will be distributed as
rapidly as they
can be printed.”
Lake Shore & Michigan Southern.—This
company’s re¬
turns to the New Y rk S:a*e Commissioners for the
quarter
and year ending Dec. 31, 1887, differ
slightly from the esti¬
mated figures given in the Ciironicle of D-c. 31 on
page 886:
Quarter end’g Dec. 31.—,
Tear.
.
1887.
Gross earnings.. $5,200,730
Oper. expenses. 3,141,997
1886.
$4,648,504
2,586,638
Net earnings $2,067,733
Other income
56,918
...
Total
Charges
Surplus......
Dividends
Balance
$2,124,651
1,140,320
def.$4,999
$8,157,421
$2,110,540
1,115,040
$8,286,579
sur.$6,164
129,158
9,374,674
$6,484,781
110,751
-
4,503,741
$6,595,532
4,430,678
$3,782,838
4% 1,978,660
$2,164,854
2% 989,330
sur.$l,804,178 sur.1,175,524
Louisville & Nashville.—At Louisville,
February 21, the
mee ing was held.
The directors’ action was
approved, and it was decided by a vote of 168,422 shares
against 4,115 to pay the dividends in stock for three years,
according to the amount of net earnings applied to improve¬
ments, but not exceeding altogether a total of
$5,000,000. The
resolution adopted on this point was as follows :
Second—That the resolution
mortgage
consolidated six per cent gold bonds.
Duluth & Iron Range Railroad— $3,500.000 firs^
mortgage
coupon bonds and registered bonds for $1,000 and $5,000, into
which the coupon bonds may be
converted.
Old
Colony Steamboat Co.—The
Company’s stockholders have voted
stock
passed by the Board of Directors
on
a dividend of 2 per cent from the
earnings of
the company for the six months ended December
31, 1887, payable in
common stock of the company at
par. is approved and
the capital stock of the company, now limited to ratified, and that
300,000 shares
($30,000,000), be and the same is hereby increased to the amount of
6,000 shares ($s00,000), being the sum necessary to pay the said divi¬
dend so declared, and to such further sum as shall from
time to time be
required to pay sucli dividends from net earnings as may hereafter be
declared by the directors, payable in stock at
par, such issues not to
exceed in all 50,000 shares ($5,000,000), additional stock.
Maysville & Big Sandy.—A mortgage for $7,500,000 has
been made by this company in favor of thu Union Trust
Co.
of New York, to secure the payment of bonds issued
by
for
it
this road.
The meeting of th« stockholders to
ratify the
mortgage will be held in Maysville, Ky., Feb. 29, after which
construction work will be commenced.
The road extends
from Ashland, Ky., northwest
through Maysville to Cincin¬
nati, 135 miles, and will connect the latter city with the Ches¬
apeake & Ohio.—R. E. Gazette.
Old
Colony Steamboat
capitaT
to increase their
to $1,200,000 by the issue of
3,000 new shares to bo
offered pro rata to stockholders. It was also voted
to assess
the new shares $100 each,
payable $50 on February 27, $45 on
March 26 and $5 on June 28. Interest will be allowed on
pay
ments to June 23 at the rate of 4
percent par
annum.
Railroads in New York State.—The returns of the fol
lowing roads for the quarter ending December 31 have been
filed at
Albany
as
follows:
r-0(]dsChq & L. Cfirtm.s
1887.
Gross earnings
Operating expenses.
Net
earnings
$183 131
104,779
$61,969
6,432
$68,401
62,280
...
Other income
Total income
Fixed charges
...
Surplus
$6,121
,—X. T. Ont. & West.—«
1887.
1886.
1886.
$190,635
128,666
$458,758
355,746
$379,357
302,593r
$78,352
3,811
$103,012
$76,764
$82,163
62,268
$103,012
89,220
$19,895
$13,792
$76,764
83,935-
.
def.'$7,171
/—North. o1 X. Jr—FUchhurn.—^
1887.
1887.
$15,859,455
stockholders’
January 9, 1888, declaring
Company—$500,000*
first mortgage trust one
huadred-year five percent gold bonds.
Minnesota & Northwestern Railroad—$1,815,003
addit¬
ional first mortgage five per cent
gold bonds, making the total
amount now on the list
$9,628,000.
Pittsburg & Western Railway—$250,000 additional first
mortgage four per cent gold bonds,
making the total amount
listed $9,350,000.
The Asbury Park National
Bank—$100 000 capital stock.
St. Louis & Chicago
Railway—$900,003 first
1886.
$18,710,962
10,553,541
$2,061,865
48,674
$984,331
$995,494
2% 989,330 2°6 989,330
Dakota & Great Southern Railway—$1,856,003 addit¬
ional first mortgage five per cent
gold bonds, miking tha*
total amount listed $3,856,000.
St. Louis & San Francisco Railway
,
1887.
255
-
Gross
earnings.
Operating expenses
Net earnings
Other income
Total net
Fixed charges
Surplus
$85,610
78,352
$1,406,469
$7,258
3,260
$432,597
2,346
973,872
$10,518
11,099
$434,943
293,090
def. $581
$141,853
St. Louis Bridge & Tunnel B.R.—The statement of the
St. Louis Bridge Company for the
year ended December 31*
1887, shows gross earnings of $1,714,592, an increase of $150,379;
net earnings, $903,962. increase $67,163; and
surplus after pay¬
ing all charges $49,335, against a deficit in 1886 of $22,227.
St. Paul Minneapolis & Manitoba.—The contract for
building the line of this road from Hinckley, Minn., its present
junction with the St. Paul & Duluth, northeast to West
Superior, about 75 miles, has been let to Foley Bros., of St.
Cloud, Minn. The road will be built by the Eastern Minne¬
sota.
Western New York & Southern.—This is the name under
which the Lackawanna & Pittsburg has been
reorganized. It
is expected that the extension from
Perkinsville, on the main
line of the read, to Geneva, a distance of 46
completed duiing July.
Wisconsin Central
miles, will be
Company.—A «ircular has been
issued
to pref* rred and common
stockholders, stating that the Wis¬
consin Central Company
proposes to complete a branch road
from the cit es of Wausau and Merrill on the Wisconsin
Riv?r
to Abbotsford on the Wisconsin Central
miles long.
Railroad, sixty-eight
Tlie counties of Marathon and Lincoln have
appropriated about 50,000
of valuable timber lands to aid in the const ruction
of the road, if
completed within this year. Right of way and terminals are scoured.
The Wisconsin Central will carry
the West-bound trafiic developed by
this new road over 160 miles of its road between
Abbotsford and St.
& Charleston.—Work is expected to
The new country to be opened is a
in the Paul.
very extensive timber region,
and tlie lumber traffic must be
spring on an extension of this road from
very great. The Wisconsin Central anti¬
Ala , to
such advantages from the permanent control of this branch that
Tenn.. about 38 miles. The company now uses cipates
it proposes to lease the Merrill Wausau & Abbottsford
road for
the track of the Nashville Chattanooga & St. Louts
between nine years, and to pay an annual rental of thirty per cent of theninetygross
these DOints at a yearly rental of
earnings
of
the
leased
line; furnish the necessary rolling stock and
$60,030, under a contract
guarantee
interest
the
on its first mortgage bonds; and to
which will expire next fall.
pro-rate busi¬
ness between the two
companies upon terms very favorable to the new
road.
Arrangements already have been made for the construct ion of the
New York & Long Branch.—It is stated that a new traffic
new road,
terms wnich reserve to the Wisconsin Central
Company
arrangement has been effected between the Pennsylvania seventy perupon
cent of the net profits, if any, arising under the construction
Railroad and the Jersey Central for the
operation of the New contracts.
The Merrill Wausau & Abbotsford R. R.
York & Long Branch Rnlroad. It
provides for a joint guar¬ the
Company will issue, subject to
lease of the Wisconsin Central, all its securities
iii payment for its com¬
antee of interest upon the bonds and dividends
on the stock
pleted railroad, viz., its first mortgage 59 year, 5 per cent
gold bonds, at
of the Long Branch Road.
the rate of $22,000 per mile,
say $1,500,000. interest guaranteed by the
\Vi8con8in Central; 50 year 5 per cent
gold income bonds, non cumula¬
New York Stock
Securities Listed —The tive, at $8,000 per mile, say $545,000; 6 per cent preferred
stock, cumu¬
governing committee of the S ock Exchange hav^ decided lative after June 1, 1888, .at $12,000 per mile, say $818,000; and com¬
mon stock at $8,000
that dealings in Petroleum Pipe Line certificates
should begin issued in trustees’ per mile, sav $545,000. All of these stocks will be
certificates, through Messrs. Colby, Abbot and Hoyt,
on March 1;
they listed the following stocks and bonds :
trustees.
The Wisconsin Central Co. offers to its own
stockholders
Cincinnati Indianapolis St. Louis & Chicago Railway— $1,500,009 first mortgage bonds, $300,000 incomes,
Memphis
acres
begin
Stevenson,
Chattanooga.
Exchange—New
$300,000 preferred
$4,388,000 additional first mortgage four per cent coupon gold and $300,000 common stock, all for $1,500,000, payable in installments,
the
on allotment, 20 per cent;
April 10, 30 per cent, May 10, 30 per
bonds, making the total amount on the list to date $5,600,000. cent,first
and June 1, 20 per cent. The bonds will be dated and bear interest
Fort Worth & Denver City
from
June
1,1888. Each subscription of $10,000 entitles the subscriber
Railway—$998,000 additional
first mortgage six per cent
receive $10,000 first mortgage bonds, $2,000
bonds, making the total amount to
incomes, $2,000 pre¬
ferred
and $2,000 common stock. All Wisconsin
listed $3,086,000.
Central stockholders
are given the right to subscribe
pro
rata,
each
holder
of 100 shares
Chicago Burlington & Quincy
being entitled to subscribe $1,000; but stockholders who may desire
Railroad—$2,000,000
additional four per cent Nebraska extension
may subscribe
coupon bonds, scale down .all for any amount, subject only to the company’s right to
surplus subscription pro rata, if necessary. The right to
making the total amount listed $13,600,000.
subscribe will expire March 10.
which continued until December 10th,
Reports anti jpcrcumenis.
35881
TO THE STOCKHOLDERS
OF
YORK
SUSQUEHANNA & WESTERN RAILROAD
COMPANY.
Directors submit herewith
the Company for the fiscal
ending December 31, 1887.
The gross earnings of your Company
year
clcsed
74,303 tons.
monthly tonnage for the first eight months
was 50,133 tons, which was materially increased during the
last four months of the year, the average tonnage for that
■
period being 68.664 tons.
'
The coal received and transported during the year was from
the following collieries, viz.:
Tong.
for the fiscal year just
The average
From the collieries
were:
$259,521 58
1,078,635 35
From passengers
From freight, coal and milk
From car service
From mail, express and telegraph
From miscellaneous
20,933 34
20,253 42
9,84105
$1,395,185 34
operating expenses were :
maintenance of way
$150,887 45
cost of motive power and maintenance
The entire
For
For
of rolling stock
For transportation
For miscellaneous
282,104 59
208.300 87
00,779 77
Net earnings from traffic
To which add income from other sources,
shown in detail
4u income account below
Total
From which deduct amount for
.
were
ber, when the output was
THE
The President and Board of
their report of the operations of
and during tVat period
entirely suspended at this colliery, depriving
the company of at least 10,000 tons monthly of coal tonnage.
The only full month of production and transportation en¬
joyed by the company during the calendar year was Decem¬
operations
SEVENTH ANNUAL REPORT
NEW
[Vou XL\I.
THE CHRONICLE.
2o(>
.
“
“
“
“
“
“
“
“
“
“
“
of the Lackawanna Coal Co., Limited
“
Greenwood Coal Co.,
“
“
Winton Coal Co.,
“
“
Dolpli Coal Co.,'
“
of John Jermyn
“
Jermyn & Co
“
Spencer Brothers
“
outside operators
128,531
96,170
58,587
67,934
138,106
68,570
110,436
7,386
675,720
Total
rapid progress made by your company
coal-carrying road, the following table giving the annual
tonnage of the company since the first year of its coal traffic
is presented :
Tong.
In order to show the
c
702,133 63
27,159 33
505,610 25
329,522
475,340
.....008,072
032,055
075,720
;
;
$033,010 06
$000,205 99
detail in income
“
“
as a
interest on funded debt,
rentals and other charges, shown in
account below
“
1880
1887
From the above table it will be noticed that
the past year, as compared with that of 1883,
tons, or 105 06 per cent.
The production of an
the tonnage for
increased 346,198
•
-
additional colliery known as the
$151,595 74
Sibley
Colliery,”
operated
by Elliot, McClure & Co., and
traffic earnings of the
having a monthly capacity of 10,000 tons, has been secured to
Company for the last three fiscal years, the following state¬
your company.
ment is presented :
From the, foregoing statistical statements it will be seen
that if business conditions justify steady production, with
Earnings.
j Tear ending Year ending Year endiva
regular movement of tonnage, free from interruptions which
Ihr. 31, 1885. Dec. 31, 1880. l>cc. 31, 1887.
strikes or other disturbances might occasion, your manage¬
ment can confidently predict an output of 1,000,000 tons for
$259,521
58
$247,154
00
$231,008 01
Passengers
830,953 70 1,078,035 35 the current year from the collieries controlled by your com¬
807,188 80
Freight, coal and milk
24,380 20
20,933 34
Leaving surplus for the year
order to show the comparative
“
In
24,359 05
17,970 17
Car service
Mail, express & telegraph.
8,702 00
Miscellaneous
18,970 85
7,909 12
20,253 42
9,841 05
$1,092,354 03 $1,129,440 53 $1,395,185 34
Operating expense*.
Maintenance of way
Oist of motive power and
maintenance of rolling
stock
$93,234 90
$150,887 45
ability of the collieries to produce this volume
of
question.
The company now has under its absolute control the entire
output of eight collieries tributary to its system, which, with
uninterrupted work, can produce not less than 4,000 tons
tonnage there can be no
daily. '
.
Preparations are going forward to increase the number of
Negotiations are now in progress for the con¬
208,300 87 its collieries.
Transportation
00,779 77 trol of additional coal territory, and it can be confidently
Miscellaneous
39,949 34
stated that an assured annual production of 1,500,000 tons is
$702,138 08
$587,441 10 $037,001 05
absolutely secured to the company for a long period of time.
The past year has developed a large increased demand for
Percentage of operating
expenses to gross earn1
anthracite coal, the aggregate production being 34,641,017
54*02
50*46
53*77
ings
tons, an increase over the production of 1886 of 2,501,65 > tons.
Year by year the area of consumption widens, tbe great
Net earnings
$501,913 47 “$491,778“ 88 $033,040 06
West steadily demanding a larger volume of tonnage, and it
$
Per ct. is not an unreasonable calculation to predict that the year
The Gross Earnings of your company for the year
1892 will witness an anthracite production in excess of
ending December 31st, 1887, were
1,39 >,185 34
An increase over those of 1880 of
205,744 81 or 23*51 40,000,000 tons
The value of anthracite coal for the purposes of transporta¬
And as compared with those of ’85, an increase of
302,830 71 or 27*72
tion can scarcely be estimated; the territory of limited extent
The Operating Expenses were
702,138 08
An increase over those of 1880 of
'.
124,477 03 or 19*52 being practically controlled by the six great coal-transporting
And as
‘
c
$113,108 94
pany.
Of the
230,918 54
223,338 32
232,591 28
251,123 84
40,837 59
compared with those of ’85, an increase of
The Net Earnings from traffic were
An increase over those of 1880 of
And as compared with those of ’85, an
282,104 59
174,097 52 or 29*74
033,040 00
141,207 78 or 28*72
increase of
128,133 19 or 25*37
operating expenses of 1887 is the cost of all
improvements and betterments made during the year, and
Included in the
also the cost of construction of three and
new
eight-tenths miles of
double track.
companies, and cannot therefore be interfered with by the
construction of competing lines.
Anthracite coal tonnage with the growth of population and
development of manufacturing industries, must raphlly
increase, and the value of the coal in the ground of necessity
steadily appreciates.
Your company may be congratulated on its wonderful suc¬
cess in permanently securing so large a coal tonnage.
COAL TONNAGE
The coal
tonnage of the company for the fiscal year .was
<175,720 tons, showing an increase as compared with that of
the previous year of 43,655 tons, or 6*90 per cent.
The past year has been one of unusual disturbance in the
coal trade.
Commencing with the early days of January, the
coal-transporting companies were confronted with an ex¬
tended strike amongst the coal handlers at tide-water ship¬
ping points, virtually placing an embargo upon receipts and
deliveries, except upon a very limited scale, during its
continuance.
This strike, after a determined effort and a bitter struggle
lasting during the month of January, completely collapsed,
and its favorable result is evidenced in a more satisfactory
control of the business of liand'ing and delivering coal at tide¬
IMPROVEMENTS AND BETTERMENTS.
During the past year the physical condition of your prop¬
erty has been fully maintained, and large expenditures have
been made for improvements and betterments, which have
been charged to operating expenses.
Four hundred and fifty tons of new sixty-pound steel rails,
with heavy angle bar fastenings, were laid, at a cost of
#18,327 00, Over sixty thousand new cross-ties and sixteen
thousand feet of switch ties were placed in main track and
sidings at a cost of $27,338 00. A new brick engine house,
with iron turn-table and sidings, was built at Riverside at an
aggregate cost of $7,184 00.
To provide the necessary yard room at Paterson, to meet
tbe growing demands of the company’s traffic at that point,
water.
your management were obliged to make Riverside, a suburb
Later in the season labor disturbances occurred in the Le¬ of Paterson, the termini of all local trains.
In order to establish this terminal station thirty-five city
high region, and on September 10th the collieries in Dis entire
lots
were purchased at a cost of $11,550 00, which purchase
region suspended operations on a demand from the employes
lias been charged to improvement and betterment account.
for an increase in the wage basis.
The engine house and appendages above mentioned were
In the Lackawanna reyion, from which your company re¬
ceives its coal tormage, there has been but little interruption erected on this property.
The making of Riverside as the local terminal station has
to production by reason of strikes.
A local disturbance at the “ Dunn Mines,” ojxerated by Jergreatly facilitated the movement.of the traffic at Paterson,
myn & Co., the output from which is controlled by your and it will also prove to be a most important point for both
company, took place on August lOtli, resulting in a strike passenger and freight business at no distant date.
February 25,
THE CHRONICLE;
1888.J
EQUIPMENT.
At the close of the fiscal year ending December 3tst, 1886,
the equipment consisted of 37 locomotives and 1,882 cars of
all kinds, which have been maintained in proper order and
repair duriDg the
year
and the cost charged to operating
expenses.
The equipment was increased during
chase of two tMogul locomotives, fifty
the
year by the pur¬
refrigerator ice cars,
fifty twenty- on coal cars, and two caboose cars, at an aggre¬
gate cost of $69,324, which has been charged to special equip¬
ment account.
One express car was
257
The plan adopted by your management, and so
successfully
carried out, provided, as was fully explained in the last
Annual Report of your Board, for the issue of new First
Mortgage Refunding Fifty-year Five Per Cent Bonds to the
of $3,750,000, to be used in the retirement of the
$2,500,000 of old First Mortgage Six Per Cent Bonds of
1911, Car Trusts and Coupon Obligations issued for deferred
interest payments during the years 1885 and 1886 from the
First Mortgage Bonds.
It is also provided for the issue of Second
Mortgage Fiftyamount
Four-and-one-half Per Cent Bonds to the amount of
$1,000,000 00 to be used, $636,000 00 thereof for the retirement
os the Debenture Bonds of
1897 and Coupon Obligations
issued for deferred interest therefrom, and the balance, $364,000 00 for the acquisilion of new equipment and the construc¬
tion of the double-track between Jersey City
and Paterson,
year
built at the company’s shops at a cost
charged to operating expenses.
The present equipment is inadequate for the traffic of the
company, and an increase of at least three locomotives, two
hundred ccal cars, fifty box cars, twenty-five gondola cars
To demonstrate the success which has attended the efforts
and four
s^enger coaches will be required during the cur¬
of your management in carrying out the desired
plan for the
rent year in order to provide for the requirements of its busi¬
placing of the Company on a full interest-paying basis, your
ness.
Board would report that out of an issue of $2,500,000 00 of
Of the additional equipment necessary for the current year’s
old First Mortgage Six Per Cent Bonds and $600,000 00 of
demands, your management have contracted for the purchase Debenture Bonds there was
but $23,000 00 of First Mortgage
of fifty twenty-ton coal cars, twenty five gondola cars, and
and $93,500 00 of Debenture Bonds unconverted into the new
two locomotives; deliveries to be made during March and
bonds provided for under the Refunding Plan, on Dec. 31,1887.
April next.
The very ready compliance on the part of the bondholders
Tne equipment of the company on December 31st, 1887,
by the prompt exchange of their securities, is the best evi¬
consisted of:
of $980 and
Locomotives
Passenger coaches
39
24
Baggage and express cars
Freight and coal cars of all classes
18
1,944
DOUBLE-TRACKING OF ROAD.
dence that
can
be offered of the entire fairness of the Refund¬
ing Plan adopted with unanimity by the Board of Directors,
and with rare exceptions so generally approved by the
security
holders of the Company.
MIDLAND
RAILROAD
COMPANY
OF
NEW
JERSEY
SECURITIES.
double track
Ferry
The amount of the several classes of these securities, con¬
and Ridgefield Park, were constructed at a cost of $26,207, and
sisting of capital stock, income bonds and scrips, converted
charged to operating expenses.
into the \ referred and common stock of the company, up
The completion of these links between Jersey City and December 31st, 1887, is
as follows:
Paterson gave your company on December 31st, 1887, 4% The issue of these securities was
$8,£97,179 OO
During the past
year
3 8 10 miles of
new
between West End Trestle and New Durham, and Little
miles of double track.
It is the expectation of your management to prosecute the
work of construction of the double track to Hackensack dur¬
Amount converted to December 31, 1886.
Amount co_verted during year
ing the current
Leaving amount unconverted December 31, 1887
year, and they feel confident that by Decern-,
ber 31st, 1898, your company will be operating a second track
between Hackensack and Wes? End Trestle, a distance of
eleven miles.
As reported by your directors in their previous report, pro¬
vision was made under the refunding plan, for the double¬
$7,152,705 CO
421,534 00
7,574,239 00
Diddr.fi
as
follows
$1,422,940 OO
:
Capital stock
$275,130
525,430
329,884
254,096
Income bonds, Class “A”
Income bonds, Class “ B ”
Scrip, No [1
Scrip, No. 2
00
OO
OO
00
38,400 00
$1,422,910 00
tracking of the road between West End and Paterson, and
CONCLUSION.
purchase of additional equipment by the issue of second
mortgage bonds to the amount of $364,000.
The results obtained from the operations of your property
Your management, fully realizing the requirements of the
during the past year have exceeded the reasonable expecta¬
company for increased equipment, deemed it most to its tions of your management, and with a continuar.ee of the
interests to construct as far as pract cable the double track out increased business now shown in all
departments of the com¬
of earnings, and thereby leave the second mortgage bonds
pany’s traffic, the results of the current year’s business must
free for the purchase of new equipment.
show increased net earnings.
Acting under this policy the cost of the second .track con¬
In order to acquaint the stockholders with the company’s
structed during the past year was charged, as reported, to
operations as soon after the closing of the fiscal year as the
operating expenses.
accounts would warrant, it was deemed expedient by your
board to change the date of the holding of the annual meeting
MACOPIN RAILROAD.
the
of stockholders for election of directors from the liist Thurs¬
The
Macopin Railroad extending from Macopin Lake, Pas¬ day in May to the last Thursday in February in each year.
saic County, New Jersey, to a point of connection with the This has been done by amending the by-laws of the company
main line of your Company at Charlotteburgli, New Jersey, a to meet the desired change
distance of one and one-half miles, was completed May 1st,
To the officers and employes the company is indebted for
1887, and by means of which your Company has secured ab¬ earnest and faithful attention to their respective duties during
solute control of a large increased tonnage from ice tianspor- the year.
tation,
A statement in detail of the operations and betterments of
The volume of business derived from this branch road dur¬ the road during the year will be found in the
accompanying
ing the past year from ice transportation exceeded 20,000 reports.
In conclusion your board beg to congratulate the bond and
tons, and it is expected that the tonnage from this traffic for
the current year will not be less than 75,000 tons.
stockholders upon the successful consummation of the refund¬
In addition to affording large increased freight traffic, the
ing plan, by the operations of which your company has been
Macopin Railroad, forming, as it does, direct connection with placed in a sound financial condition.
Macopin Lake, insures your Company a large summer passen¬
By order of the Board of Directors.
F.' A. POTTS, President.
ger excursion business.
As was anticipated by your management, this lake has
Nlw York, February 21st, 1888.
proved to be a most popular and attractive day resort for
summer excursionists,” your Company having carried to
INCOME ACCOUNT FOR THE FISCAL YEAR END I NO
the lake during the past season over 10,000 pas engers from
DECEMBER 31, 1887.
the various points on its lines.
Dlb
As reported by your Board of Directors in their last report,
To operating expenses—
the ownership of this desirable branch road will be gradually Maintenance of way
$150,887 45
acquired by your Company under a very advantageous agree¬ Cost of motive power and maintenance of
roll in? stock.
282,104 59
“
-
ment made for its
FUNDING
OF
purchase.
BONDED
268.3G6 87
60,779 77—$762,138 68
633,046 66
Transportation
INDEBTEDNESS
AND
CAR
TRUSTS.
Miscellaneous
Net earnings..
$1,395,185 34
It is most
gratifying to your management to be able to
report the full and complete success of the “ Refunding Plan ”
adopted in December, 1886, for the relief of your Company
from the heavy annual payments required to be made for car
trust liens, to provide for the liquidation of which the Com¬
pany’s bondholders were compelled to accept for their interest
maturing during 1885 and 1886 half-cash payments and de¬
ferred interest coupon obligations for the balance.
The adoption and consummation of the refunding plan not
only obviates the necessity of any further half-cash interest
payments, but also releases the equipment embraced in the
car trusts and vests the title thereto in your
Company, thereby
placing the Company in a position where its annual fixed
charges can be fully provided for from its earnings.
To interest on funded debt—
First mortgage refunding bonds,
at 5 per cent
Second mortgage bonds, $636,000
$3,750,000
$187,500 00
at 4*2
per
cent
28,620 00
First
mortgage Midland RR. Co. of N. J.
bonds, $3,500,000 at 6 per cent
First mortgage Paterson Extension RR. Co.
bonds, $250,000 at 6 per cent
210,000 00
>
.
15,000 00— 441,120 OO
To rentals—
Middletown Unionville & Water Gap RR
Passaic & New York RR
To interest on mortgages on real estate
To taxes
To surplus for year
22,000 00
4,494 50—
26,494 50
2,541 40
35,454 65154,595 74
$660,205 90
4*|.
THE CHRONIC LE
258
Ch.
By earnings—
Passengers
Freight, coal and milk
Car service
express
Flail,
(f omwjerciat crimes.
$259,521 58
1,078,635 35
26,933 34
«
20,253 42
9,841 65—$1,395,185 34
and telegraph
Miscellaneous
The week has been broken
31, 1887.
-
Dr.
and buildings. $27,870,923 03
1,354,954 64
Cost of railroad, rolling stock, real estate
Stocks and bonds owned
69,100 54
11,717 31
Special equipment
Improvements and betterments
179,955 27
Current accounts
Bills receivable and advances to coal producers
Material and fuel on hand
Cash on hand
260,582 95
,
25,607 15
130,416 89
$29,903,257 78
CR.
$21,000,000 00
Capital stock
Bonded debt
Bess second mortgage
ment, etc
$8,500,000
bonds held for equip¬
364,000
8,136,000
30,309
135,000
88,036
00
69
00
31
117,505 62
173,032 66
39,988 00
—
Audited pay-rolls and vouchers
Loans, secured by collateral
John R. Bartlett, Trustee
Current accounts
Interest and rentals accrued, but not due
Band department liabilities
Pro tit and loss
183,385 50
$29,903,257 78
of some measure of the sort seems highly
probable. Regular trade has been fair and speculation in lead¬
ing staples moderately active.
Business in lard on the spot has been quiet, and a slight
improvement in values, which was made early in the week,
has not been fully maintained. To-day the market was weak,
closing at 7 65c. for prime city, 8@8*05c. for prime to choice
Western, 7 90c. for refined to the Continent and 8 65c. for
South America. The speculation in lard for future delivery
opened the week with some show of strength and activity,
but soon weakened and became dull.
To-day the market was
slightly depressed, but closed steady.
but the passage
Saturday. Monday Tuesd'y.
Tons.
Monthly Tonnage.
Tons.
32,584
54,382
March
62,569
April
May
47,248
48,070
.
45,125
June
July
5 i,651
,
59,433
63,085
August
September
December
675,720
Author-
Character
of Bonds.
■
lBtmort. refunding gold
Jmount
ized
out¬
issue.
standing
$
$
interst.
Haofte
son
3,500,010 3,500,000
250,000
Extension lilt. Co.
of
maturity.
Interest
interest
payable.
charge.
*
bds, N.Y.Susq.& West. 3,750,000 3,750,000 5
2d mort. gold b >nds, N.
Y. Susq. & Western... 1,000,000
636,000
1st moit. gold bds, Midland Rtt. Co. of N. J..
1st mort.g’d bds, Tati r-
DEBT, JAN. 1, 1888.
Annual
Date
Jan. 1,1937 Jan.
Feb.
6
250,000 6
1, July 1 187.500
1,1937 Feb. 1, Aug.l
8.500,000 8,136,000
Total
28,620
Apr. 1,1910 Apr. 1, Oct. 1 210,000
June 1,1910 Junel, Decl
15,000
•141,120
MILEAGE—LEASED AND OWNED IN FEE—DECEMBER 31, 1887*
Owned in Fee.
From West
'
Miles.
End, Jersey City, New Jersey, to Gravel Place, Penn-
syl vania
From Two Bridges,
New York
Sussex County, New Jersey, to Unionville,
From Columbia Junction, New Jersey,
From Pricevillc to Winton—Branch
Pennsylvania
From Paterson
in Lackawanna Valley
Total number miles owned
Total number miles of second track
Total number miles of sidetrack
'
*
Extension Branch
.".".
101-30
20*50
3-10
to Delaware, New Jersey
g.40
134-05
4-75
34-4
{Leased.
From
Unionville. New York, to Middletown, New York
From Passaic Branch
From Lodi Branch
From Macopiu Branch
Fromtrackr
•Pennsylvania Railroad...
13-90
3-00
1*75
1 •->()
2*50
-a
<
22-65
Total number miles
operated
156-70
Louisville Southern.—The grading is finished from Louis¬
ville to Harrodsburg Junction, a distance of eighty miles, and
is ready for the track.
The extension to Danville, nine miles
from Harrodsburg, is all surveyed, and contracts will be let
within the next 90 days for the grading and trackiaying. The
extension from Lawrenceburg to Lexington, Ky., about 25
miles, is all surveyed, and contracts will be let for grading
and tracklaying soon. In the spring surveys will be nude for
the extension from Lawrenceburg through Versailles, to Three
Forks, Ky., a distance of
about 70 miles.
Tracklaying on the Louisville end is completed for 17 miles,
and is being continu* d at the rate of % mile per day. From
Harrodsburg the track is laid for 13 miles. A 60 lb. rail is
used. The contractors expect to finish this work by April 1,
and the railroad company will have trains running May 1.—
Railroad Gazette
7-99
8*00
April delivery
May delivery
June delivery.
July delivery
Pork has been
8-02
8-07
8-03
8-07
8-12
8*17
8*11
8-17
8-02
8M>2
8-05
8-10
8T5
w
o
*7
&
^
7*98
7-99
8*03
8*07
8*12
7-97
8-00
8*02
8-07
811
dull, but prices rule about steady; mess,
$15@$15 50; extra prime, $13@$13 25, and clear, $16 25@
$18 50. Cutmeats are easier, with considerable recent sales
pickled bellies of medium weights at 7^@7%c., and cur¬
quotations are pickled bellies, 7^@7^c., shoulders,
6%@6%c. and hams, 9%@10c.; smoked shoulders, 7%@8c,
and hams 10%@llc. Beef is nearly nominal at $7@$8 for
plain mess and $8@$8 50 for packet, per bbl.; India mess
quoted $16@$18 per tierce, and beef hams $16(3 $16 50 ppr bbl.
Tallow is dull at
Stearine is quiet at
Oleomargarine is steady at 6>£c. Butter is quiet at 20@30c.
for creamery, the outside figure for Elgin fancy; Western
extra selling at 28c.
State dairies 19(a26c. and Western factory
15@23c. Cheese is steady; State factory, full cream, 10
12^c. and skims 4@ 10c.
The coffee market has further declined, and quotations on
rent
Average tonnage per month, 56,310 tons.’
AMOUNT AND MATURITY OF MORTGAGE
March delivery
FUTURES.
Wednsd’y. Thursd'y. Friday,
of
66,995
70,275
74,303
October
November
close holiday (Washing¬
DAILY CLOSING TRICES OF LARD
675,720
January
February
a
Birthday) and is almost wholly without incident affect¬
ing mercatile values. The aspects of European politics con¬
tinue to absorb close attention, and are the cause of uneasiness.
The weather has turned spring-like, and we hear less of
adverse crop prospects.
Rains and melting snow have
caused the local floods which attend each recurring spring.
It is intimated that the new tariff bill will be reported to the
Lower House soon. Its discussion will occupy many weeks,
COAL TONNAGE FOR FISCAL YEAR ENDING DEC. 31, 1887.
Total tonnage
by
24,1888.
ton’s
$660,205 99
CONDENSED BALANCE SHEET—DECEMBER
EPITOME.
OMMtSROiAL
Friday Night, Feb.
$633,046 66
$20,002 63
7,156 70—
27,159 33
By net earnings
By assessu ent account
By interest on securities
fVoL. XLVI.
unsettled and nominal. Rio options declined
sharply on Tuesday and again yesterday, under depressing
foreign advices, making the loweBt figures in many months.
To-day there was some natural reaction, closing this afternoon
the spot are
with sellers as
follows for delivery in 1888 :,
February
.12-00c.
June
July...,
March....
11'4» o.
April
11-25c. I August
11 -15c. | September
May...
...11 -05c.
10-75c.
10-60c.
10-40c.
October
November
December
10*25©.
10‘20c.
10*20o.
firmer at 4 13-16c. for fair refining Cuba, and
Centrifugal, 96 deg. test., and a cargo of Iloilo,
8434 deg. test., sold to-day at 4j^c. Molasses quiet at 20c. for
50 deg. test.
The tea sale yesterday went off at steady prices,
Kentucky tobacco is unchanged; 300 hhds. sold, mostly for
export, at unchanged prices. Setd leaf in fair requpst, sales
for the week aggregating 1,195 cases, as follows: 300 cases
1881 and 1885 crops, Pennsylvania,
14c.; 220 cases 1886
crop, Pennsylvania, 10@18c.; 250 cases 1886 crop, Wisconsin
Havana, 8@ 10c.; 125 cases 1886 crop, New England Havana,
12@28c.; 150 cases 1886 crop, Dutch, 9@ 11c., and 150 cases
sundries, 7@28c ; also, 450 bales Havana, 60c.@$1 10, and 200
bales Sumatra, $1 40@$1 85.
The Metal Exchange has been rather dull during the week,
but to-day was fairly active.
There was a considerable move¬
ment in ingot copper, but at easier prices; the sales aggregat¬
ing 700,000 lb3. at 16*10c. for Feb., 1610@ 16*15c, for March
and 16 25c. for July.
Lead was more active, at hardening
valuep; sales 500 tons domestic at 5 0734@5*10c. for Febiuary
and March and 5*15@5*17t£c. for April.
Straits tin sold in a
small way at 3634c* for February, 35*95 \ for March and
31*45@31*35c. for for May. Spelter is dull at 5)£c. The in¬
terior iron markets are dull and drooping.
Crude petroleum certificates are without decided change,
closing easier at 8934@8934c. Spirits turpentine is easier and
more active at 40V£c.
Rosins are quieter, hue firm, at $1 15@
1 20 for common to good strained.
R*w sugars are
5 7-16c. for
THE CHRONICLE.
February 25, 1888.1
259
T7
COTTON.
Friday, P. M., Feb. 24, 1888.
The Movement of the Crop, as indicated by our
telegrams
from the South to-night, is given below. For the week
ending
this
evening (Feb. 24), the total receipts have reached 69.024
bales, against 84,137 bales last week, 99,593 bales the previous
week and 98,668 bales three weeks since,
making the total
receipts since the 1st of September, 1887, 4,835.897 bales, against
4,776,234 bales for the same period of 1886-7, showing an in¬
crease since September 1,
1887, of 59,663 bales.
Receipts at—
Sat.
Galveston
Mon.
lues.
Wed.
Thar 8.
Fri.
Total.
3,881
4,231
6,195
5,747
4,425
2,681
436
192
638
86
363
47
£0
50
Total 1888
1,574
1,670
1,174
476
1,048
800
1,062
Total 1887
Total 1886
2,267
645
1,007
737
354
4,054
Florida.
Brunsw’k.&e.
......
Charleston
908
27,160
1,762
......
......
1,746
1,153
1,027
1,008
6,742
1,746
7,425
215
215
102
1,853
Port Royal,&c
Great
Britain.
New Orleans....
Mobile
Charleston
Savannah
Galveston
Norfolk
New York
Other ports
337
Mobile
Savannah
On
Feb. 24, at—
974
Indianola, &c.
New Orleans...
In addition to above exports, our
telegrams to-night also give
us the following
amounts of cotton on shipboard, not cleared,
at the ports named.
We add similar figures for New York,
which are prepared for our special use
by Messrs. Carey, Yale
& Lambert, 24 Beaver Street.
Shipboard, not cleared—for
France.
16,532
Leaving
Other
Coast-
Foreign
mist.
Total.
43,398
Stocli
5,596
19,534
1,736
None.
None.
None.
10,700
11,300
3,394
700
10,000
None.
None.
None.
None.
None.
2,200
700
9,000
264,831
67,974
None.
2 000
272,849
30.223
23,743
50,549
None.
1,500
3,952
2,000
None.
6,500
1,000
None.
None.
13,400
17,900
9,416
12,000
9,400
10,000
46,902
6,296
52,428
9,888
115,514
753,117
77,932
88,965
11,651
16,253
62,641
58,213
10,178
9,934
162,402
173,365
700,959
5,100
2,070
18,724
24.224
851,925
The speculation in cotton for future
delivery at this market
Saturday last, but at the lower prices
8
8
Monday’s business was comparatively active, there having
Norfolk
627
552
873
770
1,233
1,130
5,185
been some buying to cover contracts,
West Point, <fcc
930
398
641
855
and a partial revival of
1,341
2,684
6,849
New York
490
249
501
360
470
The marked reduction in receipts at
1,320
3,390 speculative confidence.
Boston
84
122
128
111
71
256
the ports, as compared with the
772
corresponding week last year,
Baltimore
1,246
1,246 had little effect, because it was the
general remark that last
76
26
101
Philadelphia,&c
254
110
567
year the movement fell off very sharply after the first of
Totals this week 11.321 10,208 12,724 10,928 10,086
13,757 69,024 March.
On Thursday there was a fresh decline,
especially in
For comparison we give the
following table showing the week’s the early months, under the
that the coming
impression
total receipts, the total since
September 1, 1887, and the stock
to-night, and the same items for the corresponding periods of month must witness a process of liquid ition that may cause
last year.
more or less depression
in values. Foreign advices were dis¬
1887-88.
couraging also, and a long crop estimate came from New
1886-87.
Stock.
Receipts to
Orleans.
This
Since Sip.
This
Since Sep.
To-day a weak opening was followed by an advance
Feb. 24.
1888.
1887.
on the
Week.
Week.
1, 1887.
1, 1886.
report that short notices for March had been stopped to
Wilmington....
Wash’gton, &c
Galveston
1,187
4,054
...
220
164
617,292
114
5,814
66
674,318
28,140
53,160
Ind’nola,&c
New Orleans.
Florida
Savannah
6,742
1,746
7,425
379,770
215
13,160
Wilmington
1,853
166,985
Wash’t’n,&c
Norfolk......
W. Point, &c
8
5,185
6,849
4,644
422,722
New York....
3,390
...
Bruns w.,&c
Charleston
P. Royal,
.
&c
Boston
Baltimore
...
Phil’del’a, &c
806,574
67,460
38,526 1,532,751
3,993
201,636
270
22,093
11,774
754,859
312
25,744
6,054
370,216
431
16,016
877
130,577
3
3,711
497,835
298,911
77,539
78,488
60,685
30,825
772
63,474
62,693
1,246
27,564
7,752
5,742
2,074
4,491
5,000
567
22,614
1,900
452,779
316,247
30,223
349,883
19,978
68,449
69,282
....
37,143
20,225
443
703
11,156
4,032
36,224
3,655
274,231
18,000
18,865
25,855
31,506
8,809
252,371
10,500
20,904
22,008
69,024 4,835,897 95,013 4,776,234
868,631
863,361
In order that comparison
may be made with other years, we
give below the totals at leading ports for six seasons.
1888.
Galvest’n, &c
4,054
New Orleans.
27,160
1,762
Mobile
Savannah
...
Chariest’n,&c
Wilm’gt’n, &c
Norfolk
1886.
1885.
5,814
38,526
6,320
34,502
4,440
12,622
6,208
2,921
21,542
2,018
6,450
4,835
2,474
8,469
10,126
6,742
7,640
1,861
13,773
484
2,360
1884.
7,246
31,859
880
674
752
7,752
9,000
5,763
13,338
3,910
1,530
6,354
5,968
3,964
5,897
92,867
50,312
76,487
W’t Point, &c
5,185
6,849
All others....
7,771
5,742
14,047
Tot. this week
69,024
95,013
Great
22,111
5,912
'9,625
135,321
BriVn. France
....
New Orleans..
Mobile
Florida
Savannah*
....
Wilmington
nent.
Week.
••••••
803
803
......
14,843
43.977
7,382
1,871
......
Boston
....
Philadelp’a’&c
3,200
1,770
......
5,074
1,770
......
.
10,035
19,094
•
•
.
•
••
•
•
......
187
Conti¬
Britain. France
223,970
4,024
529,694 220,573
62,488
3,233
10,035
22,514
0,545
1,530
£00
500
70.094
187
Total 1886-7.
58.924
9.037
8,440
177,269
nent.
Total.
07,815 25,839
71,766
0,395
200,003
185,200
350,003 24,600
134,492
78,340
1,805
38,105
160 280
•••
37,635
3,375
1,099
100,400
1,990
25,214
3,860
407,271
253,940
115,796
208,978
180,299
535,015
130,988
105,359
42,025
497,510'3,416.983
84 830 2.1 :-<2.24- 440.3^4
851 *89 3 *9.1 184
16.Hr 9
each
day of the past week—Feb. 18 to Feb. 24.
The
following
UPLANDS.
are
Sat.
the official quotations for
Mon. Toes Wed
...# Ib i 73a
Ordinary
Strict Ordinary
Go< d Ordinary
Strict G od Ordinary
Low Middling
Strict Low Middling
8*4
8310
9316
9“i«
9*8
9^8
10*8
711ig
83,0
95a
GULF.
Sat.
Ordinary
Strict Ordinary
Good Ordinary
8triot Good Ordinary
....
Low Middling
*
Middling
Good Middling
Strict Good Middling
.......
713,0
85,o
713,0
9blO
9j316
914
93,
914
93a
11®8
Fair
1214
STAINED.
Sat
1
Good Ordinary
Strict Good Ordinary
Low7 Middling
lb.
85,6
Ok
93a
H
950
101,<5
103s
Fri.
10^
P*
P
1011,0
713,6
85,6
9k
93a
103,6 103,6
0
104
ion,fi 1011,6
1015,0
1015,0
:
lOlsJ®
ii3,6 113,6
n9i0 119,6
123,6 123,6
:
:
Moil Tues Wed
1
1
7^
j
I
85,o
i
Holi-!
I
9*8
713,6
10*2
9j4
1018
7H16
83i«
Th.
:
103,«
7‘1ie! 75g
711,6
83,6
llhe 11 he
H710 H7ie
12>ie 121,6
85,0
'
Fri.
109,6 109.6
101316 1013.6
P
113,0 113,0
119,0 119,0
123,0 123,0
83a j 85,o
914
yt>10
10316 1 1018
Middling
P-
109,6
1013,0
11*16
11'10
121,0
7^8
83s
11*4
Middling Fair
C2
M011 Tues Wed
1014
103,6
109,0 10^
1034
1011,0
11
1015,0
Strict Low Middling
103s
Til.
9%
95s
101,«
1038
W
101,0 101,6
10 ?8
11
Middling
Middling Fair
•
918
10716 1038
105b
10«16
10i316
11*16
11L,
H710
121s
121,0
Middling
Middling
Tli.
75a
S5,e
day. | 914
1018
Fr 1.
758
85,6
914
1018
MARKET AND SALES.
The total sales and future deliveries each
day during the
week are indicated in the
following statement. For the con¬
venience of the reader we also add a column which shows at
glance how the market closed
a
on same
days.
SALES OF SPOT AND TRANSIT?.
SPOT MARKET
Ex-
CLOSED.
3,440
217,522
23,849 100,130 2,123,751 295,722
Includes exports from Brunswick,
to arrive.
70,935
304,929
309,182 1,059.449
02,488
12,480
•
6,545
1,530
Total
Great
'
..
Norfolk
West Point,&c
New York
*
Total
7,382
Charleston....
Baltimore
29,134
24,1888
Exported to—
Conti¬
were
Fair
3,264
13,417
From Sept. 1, 1887, to Feb.
Exported to—
Exports
much respected member of the Cotton Exchange*
the spot declined l-16c. on Monday.
To-day the
maiket was quiet but steady at 10 9*16c. for
middling uplands.
The total sales for forward delivery for the week are
433,500
bales. For immediate delivery the total sales foot
up this week
959 bales, including 10 for
export, 924 for consumption,
25 for speculation and — in transit.
Of the above
bales
a
on
18,240
46,619
The exports for the week
ending this evening reach a total
of 100,130 bales, of which 76,094 were to Great
Britain, 187
to France and 23,849 to the rest of the Continent.
Below are
the exports for the week and since September
1, 1887.
Week Ending Feb. 24.
Greene,
Cotton
Strict Good
&o-
Galveston
bales. Business was suspended some
before the close by the sudden death of Mr. C. L.
1883.
Since Sept. 1 4835,897 4776,234 4536,847 4390,034
4340,218 4901,714
Galveston includes Indianola; Charleston includes Port
Royal, &c.I
Wilmington includes Moreh’d City, <fcc.; West Point includes City Point,
from—
the extent of 40,000
Good
1887.
3,993
11,774
6,485
on
—
Totals
Receipts at —
dull and weak
minutes
27,160 1,510,055
195,403
1,762
50
22,708
Mobile
was
Sat
Mon
..
.
Tues.
_
port.
Very Dull
Q’tA8t’y®i,odec
tjuiet & steady..
"ib
Spec- TranTotal.
swmpuVCn sit.
....
Total.
The
10
The Sales
on
which they
and
Prices
av
25
924
25
are
146 141,200
177 63,900
....
285
326
daily deliveries given above
previous to that
Sales.
40,400
136
177
,1
Thurs Easy
Fri... Firm
FUTURES.
Con-
are
310
326
....
88,100
99,900
959 433,500
....
Deliv¬
eries.
mmmm
•
•••
•
wmm
mmmm
mmmm
mmmm
actually delivered the day
reported.
of
following comprehensive table:
Futures
are
shown
by the
*3
00
tr
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270,905
22,098
174,000
198,000
184,000
218,000
57,000
39,000
17,000
27,000
26,000
12R.800
137,000
10,000
105,400
184,000
17,000
62,500
145,000
32,000
111,300
99,000
522,800
536,400
4%d.
8ia16c.
53ied.
99i«o.
oOigd.
10»i6o.
this week hav$ been
c
figures indicate a decrease in the cotton in sight
to-night of 235,814 bales as compared with the same date of
1887, a decrease of 141,557 bales as compared with the corres¬
ponding date of 1886 and an increase of 41,953 bales as
compared with 1885.
At the Interior Towns the movement—that is the receipts
for the week and since Sept. 1, the shipments for the week,
and the stocks to-night, and the same items for the corres¬
ponding period of 1886-87—is set out in detail in the following
The above
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*07 pd. to excli. 100 Mar. foi April
•06 nd. to exch. 100 Apr. for May.
•07 pd. to exch. POO Mar. for April.
•26 pd. to exch. 1,400 Mar. for Aug.
excli. 200 Mar. for May.
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The Visible Supply of Cotton to-night, as made up by cable
ami lelo^rapli, L> a., follows. The Continental stocks, as well a?
those for Groat Britain and the afloat are this week’s returns,
14 pd. to
863,361 1,025,290
.
-i
99-9
©”i>c©
©GO
•13 pd. to
•14 pii. to
257,000
379,000
35,000 bales.
«'
10 55o.
followinp: exchanges have been made during the week :
pd. to exch. 2do Mar. for Aug.
-07 pd. to exch. 100 Feb. 1 or M:ir.
•13 pd. to excli. :^00 M iir. for May.
284,000
405,000
imports into Continental ports
The
-4
ob xCqd
Transferable Orders—Saturday, 10\50e.: Monday. 10*50c.:
10 50c.; Wednesday,
c.; Thursday, 10-45C.; Friday,
pd. to exch.
2,378,597
525,000
2,865,897
6^.
U1^.
M
©p©©
continue eact
-21
2,385,050 2,607,364 2,623,907
868,631
320,103
30,316
Brazil, die.—
ifk
tember-January, for January, 2,250 G.0.
jgp- We Have included m tiin above table, and shall
woek to pive, the average price of futures each day for each month.
Ii
will be found under each day following the abbreviation ‘‘Aver ” Tht
average for eatdi mouth for tlie week is also ^iven at bottom of table.
pd to ex oh. 1.000 June for July.
pd. to ext h. 100 Mar. for June.
414,172
23,445
313,000
762,000
2,907,850 3,143,764 3,049,407
CD
•InelmieR sales in HerftpmDer. 1K87, for Repterober, 258,200; 8ertembor-October. for October, 570,200; Sopteniber-November, for No¬
vember, 481,000: Septemlior-Deecinber, for December, 1,027,400; Sep-
The
414,172
23,445
270,905
22,098
Total visible supply
M
-02
-17
•00
863,361 1,025,290
99,000
329,000
27,000
802,225
200,972
20,400
727,000
299,000
329,000
802,225
200,972
20,400
Price Mid. Upl., Liverpool....
Price Mid. Upl., New York....
bo
05
—4
◄
•
*
145,000
379,000
17,000
184,000
405,000
39,000
313,000
487,300
2,378,597
©
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cc
©©Op
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1,359,400 1,045,500 1,387,300
hales 673,000
180,000
00
^
99
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•
425,500
©
2
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,
©
389,400
2,385,050 2,607,364 2,623,907
-1
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308,800
6,000
6,000
fes
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9,000
s
§
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7,000
4,000
Total East India, Ac
Total American
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5,000
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319,500
43.000
259,000
3,000
42,000
^
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1,100
213,000
5,000
70,000
2
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300
2,100
160,000
5,000
64,000
9,000
4,000
statement.
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400
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Continental stooks
India afloat for Europe
6q
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1,100
178,000
2,000
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31,000
25,000
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41,100
30,000
Total American
O
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33,800
977,000
7,500
49,200
52,000
Egypt, Brazil, <fec., afloat......
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970,000
3,000
4,200
4G.OOO
Continental stooks
American afloat for Europe...
Jnited States stock
United States interior stocks..
United States exports to-day..
to
-
873,000
Total Great Britain stock.
Stock at Hamburg
Stock at Bremen
8tock at Amsterdam
Stock at Rotterdam
Stock at Antwerp
8tock at Havre
Stock at Marseilles
8tock at Barcelona
Stock at Genoa
Stock at Trieste
follows:
tft
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945,000
32,000
American—
9°©9
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1885.
709,000
17,000
Liverpool stock
*
05(3)
1886.
960,000
10,000
Total visible supply
2,907,850 3,148,764 3,049,407 2,865,897
Of the above, the totals of American and other descriptions are as
<
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1887.
bales 847,000
26,000
1888.
Stock at Liverpool
Stock at London
Egypt, Brazil, &c. ,afl t for E’r’pe
57,000
8tockin United States ports.. 868,631
Stock in U. 8. interior towns.. 320,103
United States exports to-day.
30,316
<
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down
complete
figures for to-night (Feb. 24), we add the item of exports from
the United States, including in it the exports of Friday only.
Amer.
CC
M
and consequently all the European figures are brought
to Thursday evening.
But to make the totals the
Total European stocks ....1,181,800
India cotton afloat for Europe.
137,000
9o9
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[VOL. XL,
Total Continental stocks
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CHRONICLE.
THE
■260
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X 10 O' M © to © ©
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both years arc “ net.”
that the old interior stocks have
decreased during the week 7,347 bales and are to-night 49,193
Dales m^re than at the same period last year. The receipts at
the same towns have been 168 uu«*> nwie than the S3I09
The figures for Louisville in
The above totals show
*
February 25,
CHRONICLE.
THE
186 8.J
been made toward the next crop.
The thermometer haa
ranged from 40 to 72, averaging 54.
Memphis, Tennessee.—We have had rain on one day of tfco
week, the rainfall reaching forty-two hundredths of an inch.
Average thermometer 62, highest 71 and lowest 33.
Nashville, Tennessee.—R in Las fallen on two days of the
week, to the extent of ninetj-eight hundiedths of an inch.
The thermometer has averag* d 51, the
highest being 66 and
week last year, and
since September 1 the receipts at all the
69,812 bales more than for the same time in 1886-7.
Quotations for Middling Cotton at Other Markets.—
towns
are
In the table below we give the closing quotations of middling
cotton at Southern and other principal cotton markets for each
day of the past week.
Week
CLOSING QUOTATIONS FOR MIDDLING COTTON ON—
ending
Feb. 24.
Satur.
Galveston
New Orleans.
Mobile
Savannah
Charleston
Wilmington
.
Baltimore
...
Philadelphia
Memphis
9Lfic
91*16
91*, o
9*4
9%
9*4
91*16
91*10
91*10
10*Stt*4
10**® *4
10*8 (V *4
978
10
1
10*4
10 *-2
10*4
10*2
10%
915io
9%
97s
St. Louis
Cincinnati
Louisville
97o
10*8
978
1()116
978
10
10*8 ® *2
O
10H!0
1011,6
H
1 0*8® l4J
91*10
91*!0
9 ‘8
9%
978
9*4
10*8
10*8
10
10
10
10
are backward on account of too much rain.
The
thermometer has averaged 59, ranging from 40 to 68.
Montgomery, Alabama.—It has rairied heavily on five days
of the week, and is still raining.
The rainfall read e 1 four
inches aud iwenty-two hundredths. A lig cveiilow is threat¬
ened. The thermometer has ranged from 42
to 69, aveiaging 59.
Selma, Alabama—We have had rain on five days of the
10
10 ">8
10*8
101 !
preparations
978
03
Olio
9*4
97s
10*8
....
978
978
the Io vest 36.
Mobile, Alabama.—It has rained severely on two
day.-?
and has been showery on three
days of tl e week, the rainfall
reaching five inches and seventy hundredths. Planting
91*16
1051 o
Augusta
Fri.
978
978
91uig
10*8® 4
Norfolk
Boston
Thurs.
97b
91*10
...
Wednes.
Tuts.
97y
91516
...
..
Mon.
10*8® L>
lOHio
i o
978
9*4
978
w<
81
..
...
978
10
10
Receipts from the Plantations.— The following table
indicates the actual movement each week from the planta¬
tions.
The figures do not include overland receipts nor
Southern consumption; they are simply a statement of the
which
Rece
Ending—
Jan. 20.
ts at the Ports.
1886.
“
10.
“
1?.
110,311)
134,304
122,418
105,702
102,524
“
24.
02.867
“
27.
Feb.
3.
1387.
St'k at Interior Toxvns.
crop
1838.
1880.
1887.
1888.
Rec'pts from Plant'ns.
1880.
1887.
1888.
155.884 105,403 4
92,033
132,(31
3,^50 3'6,428 423,832 t9/67 132,507
90,130 476,342 351,361 398,012 117,8.6 117,464
98.668 469,013 336,612 379.556 115.G89 110,004
64,310
80,212
99>3 454,116 332,798 3e8 663
Si.137 448370 321,300 360,441
69.024 442.608 301,199 350,014
75,150
75,915
74.846
59,197
130.753
95.013
108.257
86,5-2
90,895 104,443 88.090
90,578
87.3’3
The above statement shows—1. That the total
the
plantations since September 1, 1887,
are
in 1886-7
receipts from
5,162,681 bales;
were 5,029,373 bales ; in 1885 6 were 4,963,603 bales.
2.—That, although the receipts at the outports the past week
were
69,024 bales, the actual movement from plantations was
only 59,197 bales, the balance being taken from the stocks at
the interior towns.
for the same week
Amount
of
were
Cotton
in
Sight Feb. 24.—In the table below
to them the net overland movement to Feb. 1, and also the
takings by Southern spinners to the same date,
substantially the amount of cotton now in sight.
1887-88.
so as to
| 1885- 86.
1886-87.
|
give
1884 85.
Receipts at the ports to Feb. 2 i 4,335,897 4,776,234 4,536, 847 4,390,034
Interior stocks on Feb. 24 in
of
roads
September 1
326,784
253,139,
426, 756
199,267
Tot. receipts from plantat’ns 5,162,681 5,029,373 4,963,603 4,589,301
Net overland to Feb. 1
792,413
583,220, 559,199
442,478
Southern consumpt’n to Feb. 1
240,000
194,000, 164,000 144,000
bad.
•
,
Albany, Georgia.—We have 1 ad hard rain on four days of
the week, the rainfall reaching eight inches.
Farm work hasbaen stopped and plowed lands baalv washed.
The ther¬
est 37.
Szalebarg, South Carolina.—Rain 1 as fallen on three da} s
of the week to the extent of t vo inches an l
forty-seven hundrt dths, and it is still raining. The thermomett r has aver<
gtd
53 2, the highest being 72 aud the lowest 33.
Wilson, North Carolina.—"VV* ha\e bad rain < n three day*
of ills week, the rainfall
reaching one inch ana sixty-ihiee
hun \r* dths. The thermometer has
ranged from 32 to
77, a\eraging 54.
~
""
The following statement we hive also received
by telegraph,
showing the height of the riveis at the points named at &
o’clock Feb. 23, 1888, and Feb. 24, 1887.
6,195,094|5,S06,593 5,686,802 5,175,779
Total in sight Feb. 24
i
Northern spinners’ takings to
Feb. 24
New Orleans
i
Memphis
..Above
..Above
..Above
..Above
..Above
...
Nashville...
It will be seen by the above that the Increase in amount in sight to
night, as compared with last year, is 388.501 bales, the iucrease as
compared with 1885-6 is 508,292 bales and the increase over 1884-5
Is 1,019,315 bales.
Weather
Reports by Telegraph.—As recsived by teleto-niglir,
egraph
our reports indicate that over a con~iderable
portion of the Atlantic and Gulf States the rainfall has b-w n
ve-y heavy du'ing the wetk, • interfering with farm work,
which was already bickw&rd, and had y washing lands in
some localities.
At a few points overfl >ws are threat-ned.
Galveston, Texas.—It has rained hard on four days of the
week, the rainfall reaching four inches and sixty-five hun¬
dredths The thermometer has ave.aged 59, ranging from
50 to 68.
Palestine, Texas,—R fin has fallen on four days of the week,
sixty hundre it ns. The ther¬
74, averaging 56.
San Antomo, Texas.—We have had rain o.i five days of
the week, the rainfall reaching forty-eight hun Jredihs of an
inch. Average thermometer 55. highest 70, lowest 40.
NeutOrleans, Louisiana,—Riin has fallen on five days of
thd. week, to the extent of seven incnes and two hundredths.
to the extent of one mch and
mometer has ranged from 38 to
-
The thermometer has averaged 61.
Shreveport, Louisiana.—Rainfall for the week thirty rine
an inch.
The thermometer h is averaged 57,
Shreveport
highest 72 and lowest 45.
Columbus, Mississippi.—We have had rain
on
averaging 50.
.;
•
Leland, Mississippi.—Tel°eram not
.
Shipments this week.
Tear Great
BriCn.
1888
9,606
1887
1886
eived.
pleasant all the week until list night, when we had a good
shower. The rainfall reachfd sixty hundredths of an inch. The
thermometer has averaged 53, ranging from 36 to 75.
Helena, Arkansas.—The weather lias been cloudy during
the week, with light rain on three days. The rainfall reach* d
fifty-seven hundredths of an inch, Not much progress has
Conti¬
nent.
Total.
16,000 16,000
21,000 30,000
7.000 34,000 41,000
4,000 14,000 18.000
1885
QD
Feet.
8
18
14
Feet.
12
35
36
13
IncK.
40
0-
20
oo
Inch.
8
o
S
3
6
6
•>
1
4
Shipments Since Jan. 1.
Great
Conti¬
nent.
Britain
Total.
24,000 128,000
44,000 145,000
46,000 119,000'
24.000
83.000
-Receipts
This
Week.
152,000 60.000
189,000 46.000
165,000 49.0oO
107.000 30,000
Since
Jan. 1..
297,000
333,000
303,000
20J ,0 0
According to the foregoing, Bombay appears to show an
compared with last year in the week’s receipts
of 14,000.bales and a decrease in
shipments of 11,000 hales, and
the shipments since Jan. 1 show a decrease of
37,000 bales.
increase
The movement at Calcutta, Madras and other India
ports for
the last reported week and since the 1st of
January, for two
years, has been as follows.
“Other ports” cover Ceylor,
Tuticorin, Kurrachee and Coconada.
Shipmeiits for the week.
Great
Britain.
(jOiClinent.
Total.
Shipments since January 1.
Br'uXn. [Continent.
Totals
Calcutta1888
,.
re
mark.
mark.
mark.
mark.
mark
Feb. 2
BOMBAY RECEIPTS AND SHIPMENTS FOB FODR YEARS.
four days of
Little Rock, Arkansas.—The weather has been dry and
low-water
low-water
low-water
low-water
low-water
Fib. 2 3, *88.
India Cotton Movement from all Ports.—The
receipte*and shipments of cotton at Bombay have been as follows for
the week and year, bringing the figures down to Feb. .23.
.
the week, the rainfall reaching two inches and sixty-eight
hundredths. Tho thermometer has ranged fiom 38 to 60,
.
Vicksburg..
hundredths of
are
Columbus, Georgia.—It has rained on five days of the
week, the rainfall reaching seven inches and one hundredth.
The thermometer ba6 ranged frem 41
to 62, averaging 55.
Savannah, Georgia.—4he weather has been cloudy during
the week, with lain on five
days, the rainfall re-Vchiig t ne*
inch and five hundredths. Average thermometer
55, highest
72, lowest 38.
Augusta, Georgia.—It bas rained on four days of the week,
the rainfall reaching ft ur inches. The tin imometer has averaged 56, the highest being 74 and the lowest 31.
mometer has ranged from 44 t j 68,
averaging 59.
Charleston, South Carolina.—We ha\e had rain on four
plantations
74,846 bales aud for 1886 they were dai s of the week, the rainfall reaehirg one inch and sixty-six
hundredths. Average thermometer 57, high s; 72 and low¬
give the receipts from plantations in another form, and add
excess
s.
Last year the receipts from the
87,303 bales.
we
twenty Lundredt!
—
finally reaches the market through the outports.
Week
ek to the extent of five inches and
Average thermometer 56 5, highest 63, lowest 4*5.
Auburn, Alabama.—It has rained preity steadily all the
week, the rainfall reaching four inches and seventy-nine hun¬
dredths. The therincmeter has averaged
55*4, the highest
being 06 and the lowest 39.
Madison, Florida
It has rained on three days of the
week, the rainfall reaching two inches ar d eighty Lun iredihs.
The thermometer has averaged 58, ranging from 44 to 74.
Macon, Georgia.—Rain h. s fallen on five days of the week,
and
10
10
weekly movement from the plantations of that part of the
261
4.000
8,000
12,000
1(5.000
3,000
16,000
19,000
18,000
Madras-
1887
All others—
1888
1887
i)
*
*
,
1,000
j
1,000
17,000
16,000
4.000
4.000
2,000
2,000
11,000
10,000
»
Total all1888
1887
4,000
3,000
9.000
16,000
13,000
19,000
33.000
41.000
31.000
30,000
;
(5.000
17,000
4,000
14.000
23,000
54.000
30.000
C v,,uoO
i*l
£ *3
i 1 ::
■
for the week show that
The above totals
the movement from
ports other than Bombay is 6,000 bales less than the same
For the whole of India, therefore, the total
ehipments since January 1, 1883, and for the corresponuing
periods of the two previous -years, are as follows :
the
week last year.
EXPORTS TO EUROPE
s-
Shipments
from—
16.000
Bombay
Allotber ports.
30,000
19,000
152,000
54,000
13,000
comparison of the port movement by weeks is not accurate,
the weeks in different years do not end on the same day of
the month. We have consequently added to our other standing
a daily and monthly statement, that the reader may
constantly have before him the data for seeing the exact relative
tables
for the years named.
The movement since
September 1, 1887, and in previous years, has been as follows:
movement
This
week.
Since
Jan. 1.
189,000
41,000
00,000
3,000
105,000
38,500
Since
Jan. 1.
This
week.
Since
Jan. 1.
This
week.
all Europe
Daily Crop.Movement,
as
1886.
1887.
1888.
to
Comparative Port Receipts and
—A
FROM ALL INDIA.
i
[VOL. XLVI.
THE CHRONICLE.
^
262
Year
Monthly
Receipts.
Beginning September 1.
1885.
1886.
1887.
!
1882.
1883.
1884.
I
G54.770
359,2031 385,042 345,445 343,812 326,656
980,584
October.. 1,213,404 1,034,450* 1,055,524 1,090,385 1,046,092
Novemb’r 1,178,430 1,197,259 j 1,083,552 1,122,164 1,030,380 1,094,697
Decemb’r
963,584 1,161,88011,069,920 1,104,211 1,059,653 1,112,536
527,570
044,6811 543,393 475,757 487,729 752,827
January
r
29,000|
Total
44,000
249,000
200,000 49,000
203,500
Receipts and Shipments.—Through arrange¬
made with Messrs. Davies, Benachi & Co., of
Liverpool and Alexandria, we now receive a weekly cable of
the movements of cotton at Alexandria, Egypt. The follow
ing are the receipts and shipments for the past week and for
Alexandria
ments we have
.
Alexandria, Egypt,
1886-87.
1887-88.
Ftb. 22.
Becelpts (cantars*)—
2,724,000
Exports (bales)—
This
week.
Since
This
week.
Sept. 1.
To Continent
Total Europe
50,000
2,003,000
Thi8
week.
Since
Since
Sept. 1
5,000 192,000
2,000 115,000
0,000 330,000 11,000 329,000
7,000|307,000
shows that the receipts for the week ending
36,000 cantars and the shipments to all Europe
Feb. 22 were
6,000 bales.
to-night
steady for
Manchester Market.—Our report received by cable
from Manchester states that the market
is
and shirtings. We give the prices for to-day
below, and leave those for previous weeks of this and
both yarns
last year
for comparison:
1887.
1888.
32s Cop.
Trcisl.
d.
d.
a.
.Jan.20 713i6_8716 5
“
27
71316—8<ir
Feb. 3 713ig—87io
“
10 73* 0/838
“
17 7% ^83a
“
24 7% "S'838
5
5
5
5
5
8*4 lbs.
Cott'n
Mid.
Shirtings.
Vplds
d.
s.
'S/7
@7
8hi 'd'7
8 S>7
8
@7
8 'a)7
9
9
32s Cop.
Twist.
d.
d.
d.
d.
s.
2
2
1 h2
1
1
1
5^8
558
7*4
7j4
7*8
7*8
7k?
7Ja
'S>77b
'3>77b
5
5
5
5
5
5
&916
5L>
5yi(j
Cotton Goods from
Exports of
®7‘>4
w7\
@7%
-S/734
8 k lbs.
CotVn
Mid.
Shirtings.
Vplds
d.
s.
d.
OLjS'O 10*2
9^2 S/0 10*2
9LJS/6IOL3
9L2 o 0 lOLj
9^2 S>6 10Lj
9*20)6 lO1^
d.
5X16
5;{ib
5*8
5*0
5*8
5310
Great Britain.—Below
of cotton yarn, goods, &c., from Great
Britain for the month of January and since October 1 in
1887-88 and 1886-87, as compiled by us from the Brit sli Board
of Trade returns. It will be noticed that we have reduced the
we
give the exports
movement all to
pounds.
OCOs omitted.
1887-88 1886 87
|
Lbs. |
i
Lbs.
24,234 23,612
25,740 24,478
24,063 20,4f-5
Total of All,
Cloth.
Yarn 6c 2 lircad
1887-88.
1880-87.4887-88 1^86-87 1887-88 1886-87.
Yds.
Yds.
400,067
428,415
425,565
455,815
422.554
878,634
Lbs.
Lbs.
74,531*
77,376
82.H75
77,804
Lbs,
08,773
76,828 103,125
68,842 107,888
Lbs.
101,506
101,306
89,327
different years.
1887-88.
To.Jau 31
Feb. 1.,..
This statement
at the
to Jan. 31 the receipts
ports this year were 137,291 bales more than in 1886-7 and
399,739 bales more than at the same time in 1885-6. By add¬
ing to the totals to Jan. 31 the daily receipts since that time
we shall be able to reach an exact comparison of the move¬
ment for the
pounds.
A cantar is 98
4,537,770 4,400,479 4,138,031 4,137,962 3,967,666 4,267,300
Pero’tage [>f tot. port
70-89
81-80
86-64
76*68
82-71
receipts Jail. 31
Total
This statement shows that up
9,000 210,000
2,000 113,000
2,000 207,000
4,000 123,000
To Liverpool
1885-86.
Sept. 1.
.
..
.
45,000
2,727,000
30,000
This week....
Since Sept. 1
*
previous two years.
corresponding week of the
the
8ept’mb’r
“
2....
“
3....
“
4....
“
5....
“
6....
1885-86.
1880-87.
4,537,770 4,100,479 4,138,031 4,137,902 3,907,006 4,267,300
S.
13.650
21,924
19,321
23,054
15,603
30,723
14,678
10,449
24,095
10,509
14,001
'
10,253
11,183
10,524
18,030
34,497
21,020
22,073
14,2G0
^S.
17,095
16,930
S.
7....
20,079
19,509
S.
8....
13,914
22,913
9....
“11....
12,068
16,288
14,078
“12....
S.
7,941
13,227
26,972
15,860
“13....
15,002
17,423
10,438
12,170
14,900
11,321
18,973
19,020
18,885
15,970
18,078
17,022
“
“
“
“10....
“14...
“
1882-83.
1883-84.
1884-85.
15...,
“16...
“17....
“18....
“
19....
S.
“
S.
11,303
14,875
13,092
12,203
19,189
9,013
20....
10.208
S.
“21....
12,724
a
10,928
21,880
17,841
13,087
14,807
no
“23....
“24....
10,080
13,757
S.
23,538
10,140
13,821
12,120
19,877
10,172
S.
15,078
16,583
13,758
20,977
S.
15,848
14,439
s.
19,676
10,004
18,847
17,453
24,223
i4,972
17,925
10,001
8,348
11,257
14,581
9,184
8.
9,087
28,992
8,802
S.
•
S.
19,319
15,790
25,147
26,599
23,150
21,200
31,304
17,131
10,975
15,754
26,158
S.
13,415
8,523
5,490
7,183
10,529
3,034
10,828
s.
16,777
8.
10,397
S.
10,937
27,754
20,859
17,739
15,316
35,649
18,471
8,027
8,047
7,799
7,637
35,832
26,066
18,808
23,038
40,557
18,730
18,419
8.
|
4,835,897 4,757,909 4,506,171 4,353,812 4,282,150 4,784,864
i
Percentage of total
Total
....
portrec’ptsFeb.24
83-50
89-42
91-25
)
79*50
88-28
receipts since Sept. 1 up to
to-night are now 77,988 bales more than they were to the same
day of the month in 1887 and 329,726 bales more than they
were to the same day of the month in 1886.
We add to the
table the percentages of total port receipts which had been
received to Feb. 24 in each of the years named.
This statement shows that the
New York this week show an
compared with last week, the total reaching 22,514
Stockings and socks
i 076 7,683 bales, against 15,835 bales last week. Below we give our usu&l
j 7,7s5|
Btradry articles
table, showing the exports of cotton from New York, and the
Total exports cotton manufactures
487,6351 403,676 direction, for each of the last four weeks; also the total exports
and direction since September 1, 1887, and in the last column
The foregoing shows that there has been exported from the the total for the same period of the previous year.
JJnited Kingdom during the four months 437,033,000 lbs. of
exports of cotton (bales) from New York since Sept. 1,1887,
manufactured cotton, against 403,676,000 lbs. last year, or an
1 Same
Week endingincrease of 33,959,000.
1
.1
January—
.!
74,046
21.705
08,575! 1201,347 1220,603 234,701 223,564 300,736 292,139
22,1111 535,880 144,793 97,433 80,871 119,138 102,082
872
East India Crop.—From
Cotton Report
Messrs. Gaddum,
of date Bombay, January
Bythell & Co.’s
is slowly increasing, but is
the year, and the delay m bringing
high prices ruling is strengthening
the belief that the crop will l»e a small one. Reports from t he Dhollera
districts are very cheerful, and with a continuance of seasonable weather
we may expect good quality, and also some increase in the yield.
The
Broach crop is progressing very favorably, aud from various quarters in
the districts advices now tail the crop a lull one. No change has been
made in the estimate of Western, Compta, Dliarwar and TinneveUy
supply in the Oomra markets
Crops.
Jute Betts, Bagging, &c.—The market for bagging has
been mode lately active, and tmall lots are moving for present
wants cf consume ip.
Prices are sieady and quoted at 6 i^c.
for
lb,, 6c. fer \% lb., CJ^c. for 2 ib. aLd 7c. for standard
grades. There hss been seme inquiry for jute butts and we
tear of transactions in
ot lets at 2(a2V«c. for paper grades
and 2^^2^c. lor lagging qualitite.
Tbere is seme inquiry
for lota to arrive.
Feb.
9.
Feb.
2.
Feb.
16.
Feb.
Total
since
period
previ’ut
23.
Sept. 1.
year.
11.821 24.832 11,512 16,317 288.200
Liverpool
very email inneed yet lor this tune of
the cotton forward in face of the very
7'
Exported to—
20, we have the fol¬
lowing:
The dally
The Exports of Cotton from
increase
OtherBritish ports
1,126
2,777
2,313
61,803
280,137
42,190
TotaltoGt. Britain.. 12,947 27,145 11,512 19,094 350,003 322,327
24,306
35,625
470
200
187
936
670
187
24,606
35,625
33
1,000
3,129
1,403
414
750
3,289
1,424
1,326
7,059
55,422
85,240
25,542
60,833
50,719
Europe..
4,479
2,153
3,703
2,783 147,721 137,094
3p,n,Op’rto,Gibr*lt'r,&c
337
••••••
mmmmmm
1,007
Havre...
Otaer French
ports
Total French
1,007
350
Bremen
Hamburg
Other ports.
Total to No.
All other
Total
Spain, Ac
Grand Total
936
*
337
300
516
350
3,635
9,050
4,658
12,655
516
450
12,635
17,323
100
18,770 80,750 15,885 22,514 535,015 512,369
February 25,.
THE CHRONICLE
1888. ]
Cotton at
The Following are the Gross Receipts of
New York, Boston, Philadelphia
and Baltimore for the past
week, ani since September 1, 1837.
Do
Receipts
from—
Baltimore.
Thin
Since
This
Since
Thin
evince
Thin
Since
Sept.1.
week.
Sept. 1.
week.
Sept. 1.
week.
Sept. 1.
Savannah..
>j
ooo
4.914
2)3.216
1,00
0,517
273.336
1
6,883
398
251,743
455
824
23,635
49,657
3,800
25
Florida
So. Carolina
No.Carolina
3,0 22
Virginia....
7,180
553
48,953
214,320
641
17,250
3,440
81,070
63,174
2,615
1,997
61,921
500
22,048
2,000
27,527
32.832 L, 10 >,689
8,716
392,232
1,602
68,008
5,704
102,538
16.693
338,980
3,3(9
89,105
9,123
172,531
Foreign
26
24.441
year..
3,384
••••••••
725
Shipping News.—The exports of cotton from the United
States the past week, as per latest mail returns, have reached
71,416 bales. So far as the Southern ports are concerned, these
the
exports reported by telegraph and published in
the Chronicle last Friday.
With regard to New York we
include the manifests of all vessels cleared up to Thursday.
are
same
New York—To Liverpool, per steamers Arabic, 5,000
9 199
riitvnf I ? i<• li
n i
m11)
9, 7-1M
F.rnirin.
90
Total bales.
Celtic,
18 5
Italy, 2,519
Lake Ontario, 2,500
Wyoming,
1,227...
To Hull, per steamer Martello, 1,277
To Leith, per steamer Crystal, 1,500
To II tvre. per steamer La Gascogne, 187
To Bremen, per steamer Ems, 33
To Hamburg, per steamers Lessing, 774
Polynesia, 050
To Antwerp, per steamer WaeslamI, 270
To Gottenburg, per steamer Rosario, 1,050
To Barcelona, per steamer Entella, 100
To Genoa, per steamers Entella, 100
Italia, 250
New Orleans—To Liverpool, per steamers Counsellor, 4,724...
16,317
1,277
1,500
187
33
1,424
..
276
100
350
Haytien, 4,023
Venezuelan, 2,570
Havre, per ship Lydia Skoltield, 3,025
11,917
3,025
1,835
4,900
4,200
3,3s9
0,521
Salerno, per bark La Marinccia, 1,835
Charleston—To Liverpool, per steamer Newcomen, 4,900
To Barcelona, per steamer Lemuria, 4,200
Wilmington—To Liverpool, per bark Lizzie Wright, 3,389
Norfolk—To Liverpool, per steamer Fern Holme, 0,521
To Bremen, per steamer Netley Abbey, 1,400
Newport News—To Continent, per
37
Baltimore—To Liverpool, per steamers Lake Huron, 1,905
Vancouver, 3,980
To Bremen, per steamer Rhein, 550
Boston—To Liverpool, per steamers Cephalonia, 919; Kansas,
3,054
Philadelphia—To Liverpool, per steamer British Prince, 1,098.
To Antwerp, per steamer Nederland, 100
1,400
37
,
Total
form,
5,891
particulars of these shipments, arranged in
follows :
pool.
New York
N. Orleans.
Chariest’n.
.
10,317
11,917
4,900
Wilmingt’n
100
usual
our
Antwerp
3,025
Total
....
54,072
37
550
37
6,441
3,973
1,198
100
2,777
3,212
3,444
1,426 4,300
2,185
Below we add the clearances this week of vessels
cotton from United States ports,
bringing our data
the latest dates :
71,416
carrying
down to
Baltimore—For Liverpool—Feb. 20—Steamer Circassian,
—.
*
Below we give all news received to date of disasters to
sels carrying cotton from United States
ves¬
ports, &c.
Tallahassee, steamer, from Savannah, arrived
at Now York, Feb. 17,
laden with about 700 bales of cotton, 1,175 barrels of rosin and
300 hiirrels of oil, together with lumber and
pig iron. Sue began
discharging her cargo about 3 P. M., on the 17th. Shortly after 7
o’clock, when the hatches of the lower forward hold were opened,
a blaze sprang
up from the cotton slowed below. Over sixteen
bales were damaged by lire.
Tancarville, steamer (Fr.), Franchemore, from New Orleans, Jan. 26,
and Newport News, Feb. 2, arrived at Havre, Feb.
18, with her
cargo on lire. The hold was flooded, but tlie tire was
burning on
damaged.
IVrscuESTER, steamer (Br.)—On Feb. 10th, at 5*30 A. M., after about
900 bales cotton bad been reloaded on steamer
Winchester, at Ber¬
muda in distress, from New Orleans for
Sebastopol, the cotton was
on
fire.
found
it
was
With assistance of two
tugboats and other ap¬
extinguished, and 50 bales of cotton were
badly damaged by salt water. Strong suspicions exist that
the work of an incendiary.
was
Cottonfreights the past week have been
as
follows;
•
....
932
932
....
....
“32
n32
1132
....
•
....
....
9G4
964
•
•
•
•
•
••
964® B32 964®B32
W
o
....
....
30*
•
....
....
....
1364®732 13G4®7Sf
13G4'a>732 l364 ®73*
*4
764
mmm
....
732
1364's>732 1364®732
7G4
a
30*
1364® *4
....
....
7<5o
...
30*
go
1364® *4 1364® *4
....
732
73i
....
s
30*
....
d.
►—*
....
30*
7G4
Feb. 3.
Sales of the week
bales
Of which exporters took....
Of which speculators took...
Sales American
Actual export
Forwarded
Total stock—Estimated
Of which American—Estim’d
Total import of the week
Of which American
Amount afloat
Of which American
*4
*4
7G4
764
Feb. 10.
Feb. 17.
65,000
61,000
8,000
3,000
49,000
6,000
23,000
758,000
5,000
63,000
4,000
6,000
49,000
6,000
20,000
64,000
852,000
847,000
673,000
77,000
69,000
214,000
668,000
90,000
66,000
217,000
187,000
191,000
3,000
48,000
7,000
24,000
840.000
661,000
166,000
573.000
96,000
79,000
292,000
270,000
Feb. 24.
153,000
4,000
5,000
48,000
7,000
21,000
186,000
160,000
The tone of the Liverpool market for spots and futures each
day of the week ending Feb. 24 and the daily closing prices
of spot cotton, have been as follows :
Spot.
Saturday Monday. Tuesday.
Fair
business
Market, (
12:30 r.M.
$
Freely
doing.
Mid.Upl’ds.
Steady.
5916
5^16
5916
Mid. Orl’ns.
Sales
offered.
5^8
5^8
10,000
1,000
10,000
8j>ee. & exp.
1,500
5^8
Wednes.
Thursd'y. Friday.
Fair
business
In buyers’ In buyers’
favor.
favor.
5916
doing.
59iq
5^8
10,000
1,000
58s
10,000
1,000
5°8
10,000
1,000
8teady.
Quiet.
Quiet.
Quiet.
Steady.
Dull.
Barely
steady.
Barely
steady.
10,000
1,500
Futures.
12:30 r.M.
Quiet at
\
$
Quiet.
£
Quiet and
Quiet.
$
4 P. M.
1-04 de¬
cline.
steady.
The opening, highest, lowest and
closing prices of futures at
Liverpool for each day of the week are given below. These
prices are on the basis of Uplands, Low Middling clause, unless
otherwise stated.
EF* The prices
are
4 63-64d., and 5 01
given in pence and 6 kths
thus:
4 63
mean$
5 l-64iL
means
Hat., Feb. 18.
Mon., Feb. 20.
Tues., Feb. 21*
Open High Low. Clos.
Open High Low. ClOS.
Open
!High
n.
d.
d.
d.
d.
d.
d.
d.
d.
d.
d.
February .. 5 85
Feb.-March 5 85
5 85
5 35
5 85
534
5 84
5 33
5 33
5 33
5 34
533
5 35
5 35
535
5 84
5 34
533
5 83
533
534
533
534
Mar.-April. 586
Aprtl-May.. 5 87
May-June.. 5 39
5 30
5 36
536
5 35
5 35
5 34
5 34
534
5 35
534
535
Loro. Clos.
<L
534
5 37
6 37
5 37
5 37
5 37
5 30
5 36
5 30
5 86
536
5 86
5 89
5 39
5 39
538
6 33
5 37
5 37
5 33
538
5 33
533
June-July..
July-Aufj..
541
541
541
541
5 40
5 40
5 39
5 39
5 40
5 40
5 40
5 40
5 43
5 43
5 43
5 43
5 42
5 42
541
541
5 41
5 42
5 41
5 42
Aui/.-8eot..
5 43
543
5<3
f 43
5 42
5 42
5 41
541
541
5 42
5 41
542
Scpt.-Oct...
6 43
5 43
5 43
5 43
5 42
542
5 41
5 41
5 41
542
5 41
542
.
.
found to be
•
....
Wednes., Feb 22.
Mobile—For Liverpool—Feb. 18—Steamer Galveston, 5,308.
Savannah—For Bremen —Feb. 20—Steamer Lizzie English, 3,200.
West Point—For Liverpool—Feb. 21—Steamer Gleutield,
Boston—For Liverpool—Feb. 14—Steamer Iowa, 2,868
Feb. 15Steamers Catalonia, 781; Venetian, 2,896.
pliances the tire
932
•
Per 100 lbs.
For Genoa—Feb. 18—Steamer Sidonian, 2,753.
For Leghorn—Feb. 18—Steamer Sidonian, 300.
Most of her cargo is
saa
•
Liverpool.—By cable from Liverpool we have the follow¬
ing statement of the week’s sales, stocks, &c., at that port.
We add previous weeks for comparison.
Galveston—For Vera Cruz—Feb. 17—Steamer Whitney, 803.
New Orleans—For Liverpool—Feb. 17—Steamer
Hugo, 5,413.
For Hamburg—Feb. 18—Steamer City of
Manchester, 1,991.
For Barcelona—Feb. 17—Steamer Pio IX.,
3,567.
tho 19 th.
332
.
.
U32
....
Genoa, steam.. d.
Trieste, steam...d.
Antwerp, steam d.
7,921
1,098
.
Fri.
....
B32
Barcelona,steam d.
10,777
9,100
1,400
5,891
3,973
.
.
Thurs.
n32
d. 13G4-1764
sail
3.389
0,521
Boston
Pliiladel’a
1,835
4,200
Newport N
Baltimore
c.
.
932
Do via Leith.d.
Market,
3,973
1,098
Brem.
and
Genoa
and
Gotten- Barceand
Havre. Humb. burg.
Iona. Salerno. Total.
187 1,457 1,320
350 22,514
100
3,389
Norfolk....
c.
.
sail...c.
550
are as
Liver¬
932
c.
sail
Market,
71,416
1lull
and
Leith.
332
....
Wednes.
1,050
To
To
The
Do
*
058,076
332
Hamburg, steam d.
Do
5,075
......
5.6S6
3,310
sail
'
......
1,009
•«••••
764
c.
Reval, steam
58
North’n p’ts
Tenn.,&c—
This year.
4,3^5
111.653
35.214
151,910
Tues.
Amst’d’m, steam. c.
60,‘c33
Mobile
Do
Do
......
Mon.
sail...tf.
Bremen, steam
week.
EL Orleans..
Last
| PHILADELPH’A
BQ8TON.
Satur.
Liverpool, steam d.
Havre, steam
New YORK.
263
Thurs., Feb. 23.
Open High Low. Clos. Open High Low. Clos.
Frl., Feb. 21.
Open High Low. Clos.
d.
d.
d.
d.
d.
d.
d.
d.
d.
d.
(L
533
5 33
533
5 33
533
533
533
5 83
5 33
5 33
583
533
Feb.-March 533
533
5 33
5 33
5 33
5 84
5 84
5 34
5 34
533
533
February...
Mar.-April.
April-May.
May-June..
June-July..
July-AuK ..
Aug.-Sept.r
Sept.-Oct
..
5 33
533
5 33
533
533
533
5 33
5 33
5 33
5 34
5 34
533
5 30
536
536
5 36
5 35
5 35
535
535
5 35
5 35
535
5 37
5 37
5 37
5 37
5 37
5 37
5 37
5 37
5 37
5 37
5 37
(L
5 39
5S9
5 39
5 39
5 39
5 39
5 39
5 39
5 39
5 39
539
535
537
533
5 41
5 41
5 41
5 41
5 41
54L
5 41
5 41
5 41
541
5 40
5 40
5 41
5 41
5 41
5 41
5 41
5 41
5 41
541
541
541
5 40
5 40
541
541
541
541
5 41
5 41
5 41
541
5 41
5 41
540
540
BREADSTUFF S.
There
was a
Friday, P. M., February 21, 1883.
steadier tone to the market for hour and meal
during the first half of the week under review, but with the
depression in the grain markets thit occurred yesterday
values became weaker.
The regular trade wa3 at about
steady prices, but to close out considerable lines promptly on
arrival concessions were necessary and were made.
To-day
the market was unchanged, with a better demand for patents*
n
CHRONICLE.
THE
264*"
strength down to
Speculation revived and
The wheat market showed considerable
Wednesday’s business
the Cltee of
[Vol. XLTI,
*
Wheat
*1886.
1887.
1888.
*1885.
bbls.
2,347,970
1,926,753
1,472,890
1,824,889*
.bush.
2,900,222
2,160,926
2 159,897
3,179,853-
Flour
good business for export, mainly to the Peninsula. Corn
15,108,644
4.260,519
9,507.308
7,078,624
5,999.138
5,082,389*
5,958/89
4,937,427
But on Thursday an increase in the quantity afloat for the Oats
1,114,772
1,815,949
1,408,848
2,240,803
Barley
223,339
93,442
241,241
308,321
European markets, weak cable advices and good spring Rye
weather caused a sharp decline in the later dealings, the bull
Total grain...
20,148,387
24,793,979 *
12,861,162
17,977,023
quite losing confidence in their ability to force a higher
include one week extra.
Below are the rail shipments from Western lake and river
range of values.
To-day en early decline was followed by
some advance, with a good export business, mainly in No. 2
ports for four years:
1887.
188G
1885.
1888.
red winter at 90390 5-16c., delivered.
Week.
Week
Week
Week
there
was a
.
*
PRICES OF NO. 2
March delivery..
..
..
..
Jane delivery
..
July delivery
..
..
..
Sat.
Mon.
89%
90%
91%
91%
90%
90%
94%
89%
90%
91 %
91%
Ftb. 18.
RED W INTER WHEAT.
91
....
94%
Thvrs.
Fri.
88%
89%
90%
89%
75
90%
89%
91
90%
89%
89%
!
93%
93%
Tues.
Wed
89%
;
90%
k—i
4
91%
91%
90%
•
•
•
.
O
e
•
94%
90%
91%
bbls.
Flour
Wheat
Corn
Oats.
Barley
Total
The rail and lake
weeks were:
considerable shipments
Today the market
cpirhed dull and weak, speculators for the rise being disap¬
pointed with the smalt local demand, tut tie close was
ending—
Feb. 18; ’88.
Feb. 11/88.
Feb. 4/88.
Jan. 28/88.
prices ir creased the export movement,
h&Tjrg teen made to British ports.
at^idier.
DAILY CLOSING PRICES OF NO.
f|< •;
Silt:
59%
|
•
Mjupch delivery
59%
59%
59 %
Apflil delivery.
M^ydelivery..,.
June
,deli very
July delivery
59%
00%
00%
August delivery
September delivery.,
2 MIXED CORN,
Mon.
Tues.
Wed.
Thurs.
Fri.
59%
59%
59%
59%
59%
|
58%
58%
58%
58%
58%
58%
58%
58%
59
59%
c
59
72
....
!
....
59%
59%
59%
59%
60
60%
58%
....
59%
Oa^s have tteadily given way owing to the dulness of trade
aid the ir cr» asing desire to realize, in the regular way as
well i s in speculative holding3.
To-day full receipts again
weakened prices for parcels on the spot.
DAILY CLOSING PRICES OF NO.
Mon.
38
Sat.
38%
38%
38%
April delivery
DAILY CLOSING
Thurs.
Fri.
37%
37%
37%
37%
37%
Thurs.
Fri.
Wed.
Tues.
37%
....
37%
Mon.
Sat.
495,018
269,419
1,546,974
568,801
960,809
161,033
243,920
22,660
6,295
33,874
1,375,811
444,429
98,533
24,198
2,019,862
1.749,332
3,054,990
2,180,228
shipments from
same ports
Corn,
284,080
801,845
071,892
for last four
Barley,
bush.
bush.
Bye,
bush.
255,252 22,600
253,282 17,093223,090 30,514
245,013 43,231
924,518
718,038
977.243 114‘,143
Tot. 4 Avks.. 1.353,799 1,692,109 3,333,859 3.054,874
4 weeks ’87.1,451,647 i;900,234 2,832,330 2,883,078
The
237.757
Oafs,
959.0 47
837,095 1,052.071
400,531
410,398
451,30 4
300,521
339,848
141,898
804,208
55,307
receipts of flour and grain at the seaboard ports for the
week ended Feb. 18, 1888, follow:
Flour.
bbls.
At—
N3W York
Boston
Montreal
Wheat,
bush.
111,957
55,138
Philadelphia...
Baltimore
Richmond
Norfolk, Va....
New Orleans...
,
'Corn,
Oats,
Barley
bush.
bush.
bush.
112,100
74,800
39,511
140,910
1,200
4,315
18,4 56
40,800
20,846
19,994
22,178
67,427
5,285
B ye*
bush.
3 20,000 1(59,870
80,785
17,445
4,440
900
7,500
2,100
19.988
100.022
53,853
26,400
6,729
17,962
m
i
Wed.
Tues.
Mai^h delivery..
40%
39%
39%
April delivery....
May delivery
40%
40%
39*%
39%
....
39
39
39
39
39
£ ©
1
39
Rye and luckwteat have been quitt, but about steady.
Bailey is vfry dull and unsettled; quotations are for the most
part nominal. Barley malt is also dull and barely steady.
The following are the closing quotations:
126,157
Total week. 273,786
Cor. week *87.. 258.815
155,879
469.806
1883.
Flour
bbls.
Wheat
Corn..
Oats
busli.
31,919’
*1885.
*1886.
2,642,209
2,150,080’
5,163,200
17,864,249'
4,310,034
1,237,478
1,559,432
5,309,315
1,293,046
3,167,303
3,224,268
838,060
6,532,474
16,923,207
4,347,913
4,395,949
8,850,713
....
11.446
for the period from Jau.
for four years:
.
2,101,758
900,4LW 1,185,260
94,1^7
67,650
one
m
1,316.
547,582 215.815
421,777 206,205
-
1887.
1,706,416
.
Include
A
m
17,382
561,472 1,114,725
The total receipts at th3 same pirts
1 to Feb. 18, 1883, compare as follows
Total grain
m
^
.
450
FLOUR.
m
■
......
11,178
Barley.. 1
Rye
m
4.800
41,100
2 MIXED OATS.
C. 2.
37%
37%
PRICES OF NO. 2 WHITE OATS.
....
518,185
1,021,427
959,647
255,252
bush.
bush.
357.870 1,02 4.427
302,744
Feb. 21..
20.
178,918
Wheat,
Flour
bbls.
Week
Feb
19.
329,254
Rye
Indian corn showed contiderable strength on Saturday last,
lut in mediately weakened and jesterday fell off emarily
under tie lots of confidence among holders.
But the lower
Feb
302,744
17,184,201
170,671
75,903
28,775,032':
23,873,305
week extra.
'
t>
Southern bakers’ and
$ 1)1)1. $2 10®$2 60
Buperbne
Bpitng wheat extras.
Minn, clear and stra’t.
Winter shipp’g extras.
Winter X X and X X X.
Patents
Southern supers
Bouth’n
coin,
extras..
35®
65®
50®
75®
25®
10®
65®
2
2
3
2
3
4
2
3
00®
3
3
4
3
00
15
family brands
$3 50®$4 20
Rve flour, superline.. 3 30® 3 60
2 30® 2 50
Fine
35
15
4 40
4 90
3 00
3 40
Corn meal—
Western, &c
Brandywine........
3 00® 3 25
3 20® 3 25
Buckwheat flour, per
100lbs...
2 20® 2 30
Oats—Mixed
Spring, per bush...
Bpnng No. 2
1 Bed winter No. 2...
Red winter
Corn—West’n mixed.'
West’ia mixed No. 2.
Western white
Western yellow....
White Southern....
®
85
87 %®f
®
89
86
86 ®
85
57 %®
58 %®
®
59
59 ®
®
60
93
89
90%
60%
60%
62
62
64
’
x
®
72
Bute A Pa., V bush.
White....
No. 2 mixed
No. 2 white
43
37] 4 ®
39
®
39%
40%
39
Canada No. 1
Two-rowed State..
®1 00
®
83
92
Six-rowed $tate....
Milwaukee No. 2...
®
92
Malt—State, 4-rowed. 1 00 ®1 05
90
95
State. 2-rowed
Buckwheat
66 ® 67
Com.
Outs.
Rye.
reus.
Bush.
Bush.
Bbls.
Bush.
Bush.
Bush.
319.151
75,178
133,257
58,059
98,944
1,813
1,551
1,554
50,935
Oats.
Barley.
113,000
12,544
18,000
24,000
09,1 is:
.
Baltim’re
N. QiTns.
.
4,280
78,854
119,998
894
1.11,903:
I
.
t
549,421
233,913
1,813
073,605
180,605
13,300
55,902-.
8,097
The destination of these exports is as below.
year for comparison.
We add the
corresponding period of last
Rye.
Bbls.imbs Bush.tSQlb? Bush.56lb* Bush.32 lbs Bush.4Hlbs Bit. 66 lbs
740 880
817,252
123,922
261,596
18,4523
152,084
174,987
67,000
25,120
94,665
8,118
47,151
Chicago
Milwaukee..
Flour.
Tot. w’k.
535,447
8’me time
1887/.. 1,370,379
75
Wheat.
Pliiladel
f,
York Produce Exchange. "We first give the receipts at Western
like’and'river ports, arranged so as to present the compara¬
tive movement for the week ending Feb. 13, 1388, and since
August, for each of the last three year*:
Flour.
.-
Rieklu’d
95
85
88
88
The movement of breadstuffs to market is indicated in the
•tatement below, prepared by us from the figures of the New
Receipts at—
New York
Boston.
Corn.
Wheat.
Jroin—
N. News.
Norfolk..
36% ®
37%®
Barley—
92
92
Exports
Portland.
GRAIN,
Wheat—
The exports from the several seaboard ports for the week
ending Feb. 18, 1888, are shown in the annexed statement:
-
Wheat.
Flour.
Exports
for week
1888.4
to—
Week,
Week.
Feb. 18.
Ftb. 19.
•
Bbls.
Cont’nt..
S.&C.Am.
W. Indies
Brit col’s
„
198,424
Un.King.
•
.
"
3,500
19,704
10,312
Week.
Feb. 18.
1,1
2,802
18,299
1,597
17.422
8,3 i 9
Oth.c’n’ta
376
312
Total.:'.
233,913
180.665
'
1887.
-1888..
Week,
Week/
Feb. 19.
Bush.
Bubh.
km*-:
133,5il
lass. ;;
■r
Com.
272.30S
263,239
.
'■
823,678
546,681
1887.
Week,
Feb. 18.
Busk.
Fed. 19.
.
373,192
107,174
2,908,
5,944
Bushi
577,626?
56,593*
29,885.
1
8,343
20
”“203
“i'isi
535,447 1.370,379
549,421
673,60i>
........
-
3,720
32,847
3.037
4,847
28.9: o
01,213
15,892
30.502
8,500
Toledo
Detroit
Cleveland..
Bt, Louis
2.025
Peoria
Minneapolis.
9,750
2,100
43
457.330
72,015
62.400
301
210,500
209^200
Tot.wk. ’88.
229,902
221,207
159,587
1836-7*
1885-0*
Include
......
1,141.817
806,033
950,942
1,258
......
3,300
•
•
.
•
•
season:
•
T
1.570,023
1,225,337
2,286,5*5
1,130,081
T
T
T
Flour.
T
31,443
901,301
486,759
371,738
'21.582
1,087,923
517.C59
40,488
77.802,318 51,921,743 45,082/13
05,218.725 53,753.793 40,006.195
44,598.579 55,702,069 36,900,403
18,053,140
Exports to—
Wheat.
Com.
Sept. 1/37, Sept. 1/80, Sept. 1/87. Sept. 1/80, Sept. l.’ST, Sept. 1/8
to Feb.
18, 1888.
to Feb.
19, 1887.
to Feb.
to Feb.
to Feb.
18. 1888.
19, 1887.
13, 1888.
19,1887
Bush.
Bush.
Bush.
Buah.
to Feb.
.
Bbls.
Bbls.
0.970.290
6,201,372
4.850.950
one
1,437,073
17,237,939 1,480,551
10.003.334 2,290,425
week extra.
The
comparative shipments of flour and grain from the same
ports from Jan. 1 to Feb. 18, 1888, Inclusive, for four years,
show as follows;
By adding this week’s movement to our previous totals we
have the following statement of exports this season and last
"
1.
’
25,400
......
602,340
%
Eamewk/87.
Same wk.’80
*
700
9,889
17.040
Duluth..
Since Aug.
1887 8
4,210
10,278
33.098
30,280
13,790
__
Un.KingdOm
Continent...
8.
&C.
West
Am..;
Indies.
BntCol’nies
Oth. countr’s
TVifsl
4,159,270
~
243,138
3,098,742
!;;
277.850 \
555,709
493,429
455,308
377,003
16,360
283,55u
21,358
5.743 674
4.010.073
372.858
9,908,007 19,658,931
0,799,578 .12,445,214
25,929
21,060
9,421
3,071
4,505
22,130
100,090
7,785.838 ’ 12,007,907
2,289,420 4,624,307
2 (.9,0p5 i i. 380,213152.899
263,008’
17,900
49,774
42,296
20,271
32.230.241
10.507.203 17,841,707
10.834.701
February 25,
1888.]
The visible supply of
-at the principal points
.
grain, comprising the stocks in granary
of accumulation at lake
ports, and in transit by water,
In store at—
New York
Do
alloat
Corn,
bush.
bush.
5,562,763
“
afloat....
Milwaukee
Duluth
Toledo
Detroit
2,090,205
6,952,093
1,721,888
1,377,047
1.831,953
944 055
30,735
330,474
27,476
9,140
76,326
134,047
127,237
43,958
6,123
23,087
15,569
5,900
16,698
70,5 >3
2,511,234 1,294,370
12,557
76,900
52,000
<«
3,387,816
..
242 831
afloat
Cincinnati
-
200’,000
26,000
227,000
Toronto
93,5 46
163,608
Montreal
232,068
106,176
900
6.489
398,721
80,211
Boston
-Philadelphia.....
220,000
13 *,705
7,390,364
228,000
147,352
120,344
811,023
“
Minneapolis-.
43,828
fi^OOO
36,000
1,702
2,2 44
3,950
3,107
167, <>99
10,651
52,799
2,070
13,077
On Mississippi
On canal & river.
*J?ot. Feb. 18,’88.
Tot. Feb. 11.’88.
Tot. Feb. 19, ’87.
"Tot Feb. 20,’86.
Tot. Feb. 21, ’85*
367,016 2,737,523
8,334.522 4,933,602
8,339.156 5.181.537
59,886.568 16,569,794 4,87L,405
52,841,839 8,867.578 1,997,159
43,055.392 5,486,411 2,317,935
39.564.709
36L.283 2.803.) 69
40,287,617
445,345 2.097,707
689,052 1,570.933
474,786 1,581,550
Minneapolis and St. Paul not included.
According to Baerbohm’s London cablegram, the amount of
corn on passage at the dates mentioned stood as
follows:
Week ending Feb.
Orain
on
Passage.
1,588,000
167,000
"To United Kingdom..qrs.
"To Continent
103,000
311,000
1,597,000
349,000
12,776,000 2,792,000
22,728,000 2,840,000
.
THE
Week
Feb.
end'g
18.
Week end'g
Feb. 11.
April 1 to
Feb. 18.
40,000
60,000
100,000
40,000
12,820,000
11,980,000
...bush.
100,000
140,000
24,800,000
DRY
GOODS TRADE.
New York,
the jobbing branches
distribution of staple
department goorfs was made by the principal houses
despite the intervention of a legal holiday—Washington’s
Birthday.
At first hands the demand was spasmodic and
irregular, calicoes and staple cotton goods having ruled quiei
and steady, while there was a better business in heavy cloth'
dng woolens than in any preceding week this year. The
movement on account of back orders was of good proportions^
both domestic and imported fabrics having been freely shipped
in this connection by manufacturers’ agents and importers.
Print cloths have slightly declined at the manufacturing
centres, but other staple cotton goods are firmly held because
of the exceptionally small stocks on hand and in sight, and
nearly all patterned cotton fabrics remain steady in price.
About 1,200 pieces domestic overcoatings, and 800 pieces
foreign corkscrew worsted suitings were offered by a leading
auction house, but the goods were not of a strictly desirable
•character, and the results of the sale were unsatisfactory, the
greater part of the goods having been passed to await a better
and
•
market.
cotton goods
from this port for the week ending Febuary 21 were 2,213
packages, valued at $129,761. These shipments include 850
to ChiDa, 485 to Sjuth America, 288 to Aden, 223 to the West
•Indies, 124 to Mexico, 96 to Central America, 50 to Europe, 33
to British Honduras, 31 to Canada, 17 to Smyrna and 16 to all
-other countries. Since the 1st of January the exports aggregate
24,840 packages, valued at $1,443,953. Of this total China
has
had 11,376 packages, valued at $586,571, and 3,942
packages, valued at $257,970, have gone to South America.
For the similar period of 1887 the exports to all ports reached
24,912 packages and in 1886 were 30,038 packages.
The
•demand for plain and colored cottons at first hands was
steady tut moderate, and agents continued to make large
Domestic Cotton
follows:
8,000
None
Total stock (pieces)
Prints
were
was
Ftb. 19.
2,000
1885.
Feb 21.
1886.
Ftb 20.
1887.
1888.
Ftb 18.
Stock of Print Cloths—
Held bv Providence manuf rs..
Fall River manufacturers...
Providence speculators
Outside speculators (est)
39,000
61,000
95,000
492,000
61,000
50,000
452,000
320,000
3,000
20,000
256,000
30,000
13,000
170,000
442,000
350,000
1,614,000
mostly quiet in first hands, but a very fair
done in printed sateens, percales, lawns, bat¬
displayed more activity than for some time past,
and a fairly satisfactory business in cassimeres, suitings,
worsteds and overcoatings was done by the commission
houses. Cloakings and Jersey cloths have met with a fair
share of attention from the manufacturing trade, and desira¬
ble makes are steadily held by agents.
Satinets were in
irregular demand, and Kentucky jeans and doeskins ruled
quiet and steady in price. Flannels and blankets were mostly
quiet in first hands, and there was a moderate business in
tapestry and ingrain carpets. All-wool and worsted dress
goode, as cashmeres, Henrietta cloths, twills, printed beiges,
&c., were in pretty good demand, and leading makes are in
light supply and firm at current quotations.
Foreign Dry Goods were more active in jobbing circles,
and a fair business in some descriptions was done by importers.
Plain and fancy wool dress goods were in pretty good demand,
as were cotton wash dress fabrics, and a fair average trade
was done in silk goods.
Linen goods, white good?, laces,
embroideries, hosiery and fabric gloves were severally in
fair request, but men’s-wear woolens were in light and irreg¬
ular demand at first hands.
Importations of Dry Goods.
importations of dry goods at thi3 port for the week
ending Feb. 23, 1888, and since Jan. 1, and the sime facts for
the corresponding periods of last year are as follows :
The
Friday, February 24,1888.
marked improvement in
of the trade the past week and a liberal
was a
week, year and
bush.
bush.
Kingdom
Total
38,000
'
To Continent
There
1,432,000
165,000
of wheat from India for the
below:
Exports of Wheat from India.
To United
347,000
14,040,000 3,600,000
22,104,000 3,232,000
^fiarne weekiu 1887.. bush.
The exports
.
Feb. 15.
Corn.
Wheat.
1,755,000' 450,000
Total quarters
Equal in bushels
season are as
Week ending
22.
Corn.
Wheat.
the week,
woolens has
-wheat and
f
quiet, and the market became easier towards the end of
64x64s having receded to 3%c., and 56x60s to
Stocks last Saturday and for the three previous years were as
were
istes, ginghams, seersuckers and other cotton dress fabrics.
Domestic Woolen Goods.—The market for men’s-wear
6,300
7,600
265
shipments on account of former transactions. The jobbing
trade was more active, aid a very fair package business was
done by leading jobbers. Prices ruled firm all along the line*
and it seems certain that some makes of fall goods, as cotton
flannel?, fancy woven shirtings, &c., will be opened at a con¬
siderable advance upon last year’s quotations. Print cloths
business
400,000
'fit. Paul.
*
451,773
329,239
79,500
306,879
Baltimore
52,929
73,748
72,991
Peoria
-Indianapolis
Kansas City
106,641
20,431
335,900
900
36,000
53.000
Oswego
fit. Louis
77.312
270,590
432,750
736,197
78,276
633 096
.....
bush.
329,179
afloat...
Chicago
Barley,
bush.
1 383
8,000
47,150
69.73L
99.5)0
2,090
1,791,951
Butlaia
and seaboarc
Rye,
Oats,
bush.
0,196.646 1,236,69 4 1,161,777
147,000
11,009
Albany
“
Feb. 18, 1883 :
Wheat,
”'1
THE IQRRONICLE.
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THE CHRONICLE
266
PENNSYE VANIA.
MEW E\OLA\D.
Brewster, Cobb
& Estabrook,
BANKERS,
35
NO.
NEW YORK AND
EXCHANGES.
THE
STOCK
BOSTON
Co.,
ALSO,
0Mlcn In municipal, State, Railroad
and United States Bonds.
READY.
NOW
BANKERS AND BROKERS,
'
EXCHANGE,
AND DEALERS IN FOREIGN
New York and Philadelphia Stock Exchanges.
Pittsburg Petroleum, Stock and Metal Exchange.
Private wires to New York, Boston, Philadelphia,
Baltimore and Washington.
Wm. G.
Irving A. Evans & Co.,
THE
Pa
MEMBERS
BOSTON.
OF
Rea Bros. &
435 Wood Street, Pittsburg,
STREET,
CONGRESS
MEMBERS
f|jet& ^orfe.
IBtrohers Out of
ganltcrs and
[You xlyt;
Financial Review.
(ANNUAL.)
Hopper & Co.,
18S 8.
BANKERS AND BROKERS,
BANKERS AND BROKERS,
STATE
53
No.
28
STREET)
Third
South
BOSTON.
Street,
MEMBERS OP
BOSTON, NEW YORK AND
PHILADELPHIA STOCK EXCHANGES.
Itocks and
and Sold
Bonds Bought
In all markets.
BOOK
YEAR
A
PHILADELPHIA.
OF
CENT WATER BONDS and
Desirable SIX PER
other first-class securities for sale.
FINANCIAL INFORMATION
FOR
A. Jackson, William
JOSHUA WlLBoUK.
CHAKLX8 H.
Binnky,
BHKLDON,
Jr. JR
xnjamln
Wilbour, Jackson & Co.,
Direct private wire to Harris, Fuller
ley,
& Bick-
New York.
BANKERS AND BROKERS,
No.
53
STREET,
WEYBOSSET
E. W. Clark &
PROVIDENCE, R. I.
South Fourth
No. 139
Transact a general banking business.
deposits.
Street,
PORTLAND, MAINE.
ESTABLISHED
road
on
hand
Retrospect of 1887,
Mercantile Failures.
PA.
PITTSBURGH,
Dealers in Government,8tate,County, City and Rail¬
1871.
Whitney & Stephenson,
BANKERS AND BROKERS,
SOUTHERN.
No.
57
AVENUE.
FOURTH
Oldest Pittsburgh members N.Y. 8tock
L.
Hartridge,
GA.,
SAVANNAH,
Exchange.
WESTERN.
BROKER.
commission all classes of Stocks
Buvs and sells, on
end Bunds
Negotiates loans on marketable securities.
New York Quotaiians furnished by private
•very fifteen minutes.
tieker
ATLANTA.
H. B. Morehead &
No. 51 West Third
ALL KINDS OF
DEALER IN
Bonds and Stocks bought or sold on commission.
Georgia and a lut ama securities specially dealt In.
Correspondent!! —Tobey A Kirk and Aojutenhofer,
New York.
References—Atlanta National Bank, Atlanta,Ga.,
New York.
C. W. Branch &
Co.,
Street,
N. W. Harris &
Co.,
CHICAGO and BOSTON.
OHMnQ of Counties, Cities. Ac., of high grade a
pljIVMo soeciHltv. Nenri for DeHcrlDfiv*
RICHMOND,
V A.
Private wires connecting with Washington, Balti¬
more.
Philadelphia and New York.
STOCKS and BONDS
At Auction.
The Undersigned
THOMAS
BANKERS
AND
BRANCH
COMMISSION
&
CO.,
MERCHANTS,
hold REGULAR AUCTION
SALES, of all classes of
STOCKS
AND
RICHMOND, VIRGINIA.
BONDS,
ON
Circulars and information on funding the debts of
Virginia and Nortn Carolina free of cost; one-eighth
paroent charged for funding. Southern Railroad
and State and City Bonds bought and sold.
Wilson, Colston & Co.,
BANKERS AND BROKERS,
Members of Baltimore Stock Exchange),
WEDNESDAYS
AND
SATURDAYS.
ADRIAN II. MULLER & SON,
NO. 1 PINE STREET. NEW YORK.
Bonds of
NO
Suretyship.
OTHER
The Guarantee Co.
nlahedL
N Y. Correspondents—McKlm Brothers A Co.
Cash Capital
Assets and Resources over
Robert Garrett &
Deposit with Insurance Department
340,000
V ice- President:
President:
SIR ALEX. T. GALT,
HON. JAS. PERRIER,
Sons,
No.
7
SOUTH
TRANSACT
ItOUElG-N
GENERAL
BANKING
DOViKS'IIC
BUSINESS
NORTH
AMERICA.
*300,000
900,000
and Im
Silver in the United
Production, Consumption, Exports
ports of Gold and
States and abroad.
Compound Interest Table, Showing Accu¬
mulations of Money in a Series of Years.
Table 8howing the Rate Per Cent Realized
on Securities Purchased at different prloes
(without regard to date of maturity.)
Speculation in New York.
United States Debt and Securities—
Debt of the United
States, 1793-1887.
Prices of U. S. Bonds,
1860-1887.
Securities—
State Debts and Immunity from Prosecution.
Prices of State Securities, 1860-1887.
Railroads and tlieir Securities—
Railroad Statistics of the United States.
Railroad Earnings.
Prices oL Railroad Bonds, 1883-1887.
The New York Stock Market, 1882-1887.
State Debts and
Stock Quotations N. Y. Exch., 1383-1887.
Stock and Bond quotations at Boston Ex¬
change in 1887.
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Phila.
in 1887.
“
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Balt,
in
Price ol the Review,
To Chronicle
1887.
bound In cloth,
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Subscribers, •---«•
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Managing Director: Edward Rawlings.
NEW YORK OFFICE:
WILLIAM
BROADWAY.
D. J. TOMPKINS, Secretary.
BALTIMORE,
A
OF
NO. Ill
STREET,
Gold and Silver-
BUSINESS.
BALTIMORE.
(INVESTMENT and SOUTHERN SECURITIES a
Specialty.)
Correspondence solicited and information fur*
BANKEBS,
Loans and
Stock
BANKERS AND BROKERS,
Statb Bank Building
Influences, and Prices of Call
Commercial Paper since 1879.
Foreign ExchangeMarket and Prices in New York, 1872-1887.
Investments and Speculation—
CINCINNATI, OHIO
SECURITIES.
and Fourth Nntl« na! Bank.
Co.,
STOCK, BOND AND NOTE BROKERS,
Humphreys Castleman,
AND
Wm. Fairley
H. B. MOHKHEAl).
Banking and Financial—
United States—National Bank Figures and
Currency Movements.
New York City—Bank Returns, Ao.
London—Money Market and Bank Returns.
Commercial—
United States—Foreign Commeroe, Trade
Balance, U. 8. Exports and Imports ol
Leading Articles. London—Review ol
year, Bank Returns, <feo.
The Money Market-
SECURITY
BROKER
CONTENT St
York.
186 middle
A.
Allow inter¬
BROKERS,
Bonds, Bank Stocks, Ac.
Desirable Investment Securities constantly
Investors.
Railroad, municipal and other desirable in vest¬
Members of the Philadelphia and New York Stock
Exchanges, and connected by private wire with New
Barrett,
ANP
Merchants,
Philadelphia.
St*,
ment Securities for sale.
est on
BANKERS
Stock Brokers,
BANKER8 AND BROKERS,
Dealers In Commercial Paper, Government and
ether first-class Bonds and Securities and Foreign
Exchange.
Private telegraph wire to New York and Boston.
Swan &
Co.,
Bankers,
Dirbctors—Joseph W. Drexel.F. P.
Dlcott, Logan C. Murray, J.E. Pulsford, John Paton,
E. F. Winslow, Erasius Wiman..W. Butler DuncaD.
P
B. DANA &
CO.,
UBLISHERS,
New York
AND
103 William
Street, New
York.
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