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ommtrtfa
AND
HUNT'S
MAGAZINE,
MERCHANTS’
REPRESENTING THE INDUSTRIAL AND COMMERCIAL INTERESTS OF THE
TFeefc
CONTENTS.
143
Clearing House Returns
The Financial Situation
144
New York City as a Railroad
Builder
146
Northern Pacific's
Earnings
and Finances
14 6
European Cotton Consumption 147
Missouri Kansas & Texas
148
Cotton Consumption and Over¬
land Movement
149
...
.
Great Britain in 1887
151
Review of Prices in January.. 153
United States Treasury State¬
ment
Debt Statement for Janunry..
154
(Stocks
154
(Cotton
Imports aud Exports
155
Monetary ana
English News
(Grain
(Petroleum
Commercial
Commercial and Miscellaneous
155
156
News
(EJxrouvclc.
:
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For One Year (including postage)
For Six Months
do.
*
European Subscription (including postage)
Annual subscription in London (including postage)
do
do
do
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11 28
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subscriptions and advertisements and supply single copies of the paper
Messrs Edwards & Smith, 1 Drapers’ Gardens, E. C., who
at Is. each.
u.IrrT1„
n
t\*ma
mim a
Avn
JOHN
G. v
I LOYD.
C WILLIAM H. DANA A Co., Publishers,
\
{
102 William Street, NEiV AOttlv.
POST OFFJCE Box 958.
On page 162 will be found the detailed returns, by States?
of the National banks, under the Comptroller’s call of Decem¬
—
ber
7, 1887, kindly furnished us by Mr. Trenliolm. Previous
were published—those for October 5 in the Chronicle
of December 3, page 732 ; those for August 1 in the issue of
October 15, 1887, on page 507.
returns
CLEARING
HOUSE
1887.
RETURNS.
A reduction in the volume of
speculation at New York and
Boston during the week ending January 28 has been accom¬
panied by a falling off in the total of clearings at those cities,
and at all but six of the other points included in our state¬
ment some decline from the previous week is recorded.
In
the aggregate the decrease from January 21 reaches $57,592,376. The exhibit may, therefore, he said to be an unsatisfac¬
tory one. There is this much to be said, however, as in part
explanatory of the present result, and that is that while the
weather conditions almost since the opening of the year have
been such as to adversely affect mercantile affairs, they have,
if anything, been more unfavorable during the week under
549,457, )39
shares.)
(888,242)
(1,977,344)
bales.)
(415,?t mi)
(22,700,500)
(59,854,000)
1439,00")
(22,14 (00)
(16,7*6,000)
Surir.Ktield
j
810.148
Lowell
j
517,051
77,842.161
3.95H,7i 0
1,5( 9.929
1,079.24,8
856,785
900,300
732,939
421,483
England...!
80,991,183
87,299,550
'
70,6*0,243
4,t*44,8u0
1,031,107
1,129.510
710,904
80h,«h0
!
j
Philadelphia
i
Pittsburg
Baltimore
j
j
Total Middle
|
Chicago
Cincinnati
Milwaukee
Detroit
j
1
Indianapolis
Cleveland
Columbus
Peoria
Omaha
r
67.270,030,1
11,965,034
10,533,004 j
$
-21-7
675,909,153
-14*8
(—551)
(904,080)
(733,000)
(—61*7)
(-5-3)
-H-2 5)
(4-138 0
(4S8'5)
82,669,901
4-174
4-80
5,081 900
+0*1
+16 0
+ 4*8
■4 47
—16-3
-3-5
1,421,245
-+4 6
+1P3
4-228
1.050,898
1,110,374
1,277.001
021,505
+25 0
+-3L7
+ 182
—0-4
95,653,002
+1-8
+ 140
14-2
01,896.579
11,707,-124
12,ls3,911
-6*0
12,275,205
—
!
4139;
4-0-9;
4-4 6
439-8!
444 1
—5 3|
-f (V4,
54,468,044
11,( '12,350
3,760,380
4.2 .0,420
2,09>*,(J05
+12-5
455
2.815,401
1..44.292
2,785,7191
2,912,740
2.0V»4.3->7i
1,002,3s 5
1.909.114
2,51 l,C82j
2.005.940'
j
2,78?,S90j
f
0\491
710,470!
1,171.475'
457*9'
1,014.684
2.255,'.'32
2.304,724
1,4"2,950
2,709,400
410 u!
-t 9 0 j
+393|
40-7|
419,574
42121
1,895,000
-62-2|
|
I
San Francisco
49 2
—39
2,590,178
1,301,760
2.089,141
3,094.194
2,440,280
3,570.820
435 l
430-7
-(20-7
4115
421 0
7 4*\82;j
+-1? 3
449 5
634.534
-588
1,273,384
248,500
+11*2
95,767,884
16,527.464
-0-2
49-1 1
4-8 6
420 •'
44-4
1,401,802
14.220.849
—3 0
4217
0,631,010
+33 7
1,083,134
15.323,036
1,109.319
10,305.510
4.8-0,905
6,059.715
2,508.857
1,165,580
4-14
914,478
795,027
7.001,674
2,109,09"
1,270,94 i
1,075,000
—15 3
—v4 9
4-2 CO
44,501,087
42,148,549
45-71
60,859,690
+7 9
12,305,300
13.154,567
14,870,204
422 2
999.114,712!
5j
—13'8j
918,407,353
—8’0
.*,8311
“74*8:
342.498.200
-39
15,540.3011
1,275,3151
l,190,905j
0,323.975
2.420,449
—3‘5
—7i;
414 9
j
Total Southern
+
3.120,8 9
411'0
6.M2.470
i
-90
422-5
79.041,344
1
Galveston
Norfolk
-17 2
48,633.436
1(1,249,550
3,914,427
10,339.0511 j
4.i 90,40;
3,970,540!
1,941, HI’
300,985
Memphis..,
486
49.08l.00H
87,725,030
I
1,814,618
-55
Topeka*
297,2
Outside New York.,
*
(64,942,000)
—1*5
4-7*8
4-20 0
63,366,212
9,909,344
(+78*B)
(18,639,225) (-28 8)
85,847,914
1
St. Louis
St." Joseph
New Orleans
Louisville
Kansas City
P. Cent.
4-5*5
;
i
Total Western
1888.
75,610,821
2,017.279,
Denver
St. Paul
Grand Rapids
Wichita
Duluth*
End’g Jan. 21.
79,775,328j
...i
Minneapolis
P. Cent
*
701,859,681
bushels.)
bbls.)
Boston
Providence
Hartford
New Haven
Portland
Worcester
Total New
Subscription—Payable in Advance
'
New York
Sales of—
Week
Ending Jan. 28.
1888.
THE CHRONICLE.
Six Mos.
NO. 1,18U.
SATURDAY, FEBRUARY 4, 1888.
VOL. 46.
Terms of
UNITED STATES*.
—6
-tO 1
Not included in totals.
five-day telegraphic returns of exchanges have
evening, and the total for tlie seven cities
exhibits an increase over the corresponding five days of las
week of about seventy-five millions of dollars. In comparison
with the similar period of last year there is a loss of 6'2 per
On the basis of these telegraphic returns the estimate
cent.
for the full week ended February 4 would seem to point to a
decline compared with 1887, of about 3 6 per cent. Messrs. R.
G. Dun & Co. report the number of failures for the week ended
review,
Compared with the corresponding week of 1887, ten cities to-night as 279 (247 in the Uniied States and 33 in Canada)
record losses, the most important of which so far as percent¬ against 317 last week and 261 for the same week of last year.
age is concerned being New York and Wichita.
In the whole
Week EndJg Jan. 28
Week Ending Feb. 4.
country the decrease reaches 13*8 percent, and outside of New Returns by Telegraph.
P. Cent.
P. Cent.
1887.
1888.
1888.
York the increase is 4*8 per cent. The most noteworthy gains
»
*
have been—at Peoria 57’9 per cent, Indianapolis 44-4, Detroit
f
-231
-10 0
454.67S.220
New York
511.856,356 508,441.50^
39‘8, Denver 39’3, Lowell 22*8 and Grand Rapids 212 per cent. Sales of Stock (shares)....
(682,718 (-60-1)
(1,505,526, (-486)
(774,659)
+2 6
64.957,248
66,525.291
73.067,722
+9-8
Contrasted with thie week of 1886 there is a falling off of Boston
49,372,847
+87
44 3
50,660,651
62,828,409
Philadelphia
about 3*2 per cent, but compared with 1885 the excess reaches
-8 5
-30.1
9.035,02?
13,80 i.sa*'
0,649.286
Baltimore
47-2
+14*3
42,688,000
43,518,000
46.642.000
fully 32 per cent.
Chicago
+0 1
+5-8
13,060,508
13,747,930
14,548,054
The' dealings in shares on the New York Stock Exchange St. Louis
+ 25-4
+7«
0.304,950
10,105.442
10,007.622
New Orleans
for the week cover a market value of $465698,000} against
-16 2
-6*2
643.293.i-87
718,099.449 705,992,921
Total. 5 days
$103,844,000 for the corresponding week a year ago. Follow¬ Estimated 1 day
1 i 4
+ 05
127,228.482
136.804,287
136,191,752
ing our usual plan of deducting two and-a-half times these
-15-8
-6 1
770.522,369
854.903.736
902.184,678
Total full week...
46 6
values from the New York exchanges to arrive at clearings Balance Country*
90,437,228
91,000,750
+12*2
102,148,675
-18-8
-3*6
860,959.597
993,185,423
Total
having other origin, the result reached is $432,712,039 this year,
week,all..
957,052,411
Our usual
been received this
—
.
...
....
•gainst $442,249,881 in 1887*
or a
loss of 2*2 per cent
*
For the full week, baaed on last
week’s return*,
THE
144
CHRONICLE.
banks.
THE FINANCIAL SITUATION.
The
in money, which has
market since the beginning of
been the feature of the
the year, continues to
increase.
So far as represented by bankers’ balances the
extremes on call have been
and 2 per cent, the lower
figure not being reached until Thursday; the average,
however, has not exceeded 3 per cent.
Banks and
trust companies are loaning on call at 4 per cent.
Time
loans for 60 days have been offered by some of our city
institutions and by out-of-town corporations at 3£ per
cent on first-class bond and dividend paying collateral,
and at 4-J to 5 per cent on the same grade of security for
from four to six months.
Philadelphia is a large lender
ease
in this
market
borrower
on
stock collateral,
while Boston is
a
properties extensively dealt in at that centre.
The rates for commercial paper are again lower in
consequence
of the increasing demand from all
quarters.
We quote 60 to 90 days endorsed bill8
receivable 4£ per cent, four months acceptances 4£@5£
per cent, and good single names having from four to
six months to run at 5^@6£ per cent.
Money at the chief European centres also continues
easy, the cable reporting the rate at London for 60 day
to 3 months bank bills at lf@lj per cent, and the open
market rate at Berlin at If @ If per cent. Paris is still the
dearest centre, 2f@2f per cent being reported to-day, which
is not materially different from a week ago. Commenting
upon the reduction of the Bank of England minimum to 3
per cent the London Economist claims that it was virtu¬
ally forced upon the Bank by the keenness of the outside
competition, and it adds that “ it is another instance of the
on
“
altered relations in which the Bank
'<
market.
^
Formerly it was the
often it has to be the follower.”
now
stands to the
leader, whereas
now too
The Bank of
England
a special
gained £81,000 bullion during the week, due, as
us states, to an export chiefly to the Continent of
£137,000 and to a receipt from the interior of Great
cable to
Britain of £218,000.
Our exchange market
has been heavy the past week
through. It declined a half cent on Tuesday and
another half cent yesterday.
This downward movement
is due to the free offerings of bills by bankers against
loans placed on American account in Europe.
The
province of Quebec borrowed $3,500,000 on 4 per cents
negotiated through Ileidelbach, Ickelheimer & Co., and
issued by the Credit Lyonnais in Paris and London at
par. But besides offerings of bills against this - loan,
there have been a number of late railroad issues, many of
them ostensibly taken in this country, which have been
drawn against to a considerable amount.
A leading
all
banker
40
estimates
millions
of
that
within
American
the
last
securities
six
have
weeks
been
home
and
abroad,
and
of
that
very considerable portion has been taken by
Europe. It seems as if now any reasonable amount of
For weeks also?
money was obtainable on railroad issues.
as we have constantly reported,
an active inquiry on for*
eign account has existed for bonds and stocks of estab.
lished roads, and large amounts have been taken from
Wall Street in that way.
All these facts point to new
activity in railroad building this spring. It is just as we
stated two weeks ago in thi3 column, that the difficulty in
getting money was the influence that stopped work and
cut plans short so abruptly.
All we need now is to have
Congress take effective and proper action on the tax
question to speedily give enterprise a decided impulse.
The item in the Treasury exhibits which has been most
closely noted this weeif, is the holdings of the depositary
placed
amount
at
a
[Vol. XLVi.
Tney reach now $59,372,968—that is an increase
last month of about 7 million dollars, or nearly 28 million
dollars in three months.
The entire currency
in the Treas
ury and in these banks the 1st of February and at previous
dates prepared in our usual form is as follows.
U. S.Treasurer's
net
July 1,
July 1,
1887.
1880.
holdings of
Gold
December 1
1887.
Jan.
1,
1888.
February 1,
1888.
$150,793,749 $186,875,669 $211,880,520 $208,008,130 $202,935,184
8ilver.
96,229,539
73,348,425
51,759,989
45,294,753
48,150,850
U. S. Notes
22,808,317
20,013,797
10,318,220
15,424,425
18,015,409
Bank Notes....
149,014
197,046
118,403
104,093
90,714
lfrac’nal Silver**
29,282,496
27,094,192
24,208,274
24,383,290
25,133,590
In Sub-Tr’sur’s
In
deposi’y Bks
Grand total....
*
$305,323,115 $307,529,129 $304,285,302 $293,874,691 $294,357,807
14,435,199
22,991,302
42,428,071
52,199,918
59,372,908
$319,758,314 $330,520,431 $340,714,083 $340,074,609 $353,730,775
Including minor coin.
*
Note.—Trade dollar bullion, of which the Treasury now holds $6,660023, we take no account of, as silver bullion is not currency, and works
no change in the volume of the circulation, whether it is in or out of
the Treasury. We include, however, in each case the small item of silver
bullion incorporated in the Treasury statement of net silver holdings,
since if we changed the official figures it might confuse some readers.
As the bullion so carried is generally about 5.million dollars, or less,
including it does not affect the comparison materially.
It
will
be noted
that
although the grand total
is
$353,730,775 against $346,074,609 a month ago, the
amount in Sub Treasuries has increased only about half
a million dollars.
During the same month the Govern¬
ment has coined of silver dollars $2,700,000, of gold
$3,210,000 and of fractional silver $61,565, or a total of
$5,971,565; in the same period the net retirement of
national bank notes has been $2,535,000.
Consequently
the net increase of currency in the channels of commerce
during the month of January has been just about 3 million
dollars.
It is to be presumed that from this time there
will be no material increase in the holdings of the deposit*
ary banks. As we remarked last week, the money market
is so easy, there is no need for it, and in fact so long
as present rates rule in Eastern cities it would be impos¬
sible to find any conservative institution willing to take
the money and put up the security.
Hence there seems
to be no escape from the conclusion that the surplus for a
time at least must in good part accumulate in the Sub*
Treasury. Of course a change in the conditions of money
would make an increase of deposits in depositary banks
feasible again and very likely that source of relief to the
market would then be used, at least to the extent of stop¬
ping further withdrawals of currency from the banks.
But it is to be hoped that Congress will have given us
some legislation before that contingency arises, which
will stop accumulations and afford an outlet for the sur
plus already collected. It will be a day of rejoicing when
the Treasury is put out of the business of making or reg *
ulating the money market. So far as the surplus is con¬
cerned, our advices are that a bond purchase bill will be
passed soon, under which Mr. Fairchild will resume the
purchase of Government securities.
In what shape
it will be reported we do not learn.
We hardly think
that the measure introduced by Mr. Breckinridge will be
adopted. His bill covers what seems to us to be a strange
misapprehension, and that is with regard to the fund held
for the redemption of national bank notes.
The assump¬
tion is that this item represents just so many currency
dollars in the Treasury which are kept in after being paid
in until the bank notes are redeemed.
That policy ha8
never been pursued.
A certain working balance in cash
is required for the Government business, and that require¬
ment covers as a part of it the needs for redeeming
retired notes as they are presented daily.. Had the
Secretary a method for putting out surplus, we have
little doubt that he would consider his requirements
in currency just the same, whatever provisions might
be made for investing any part
of that fund
February 4,
145
THE CHRONICLE.
1888J
sell a bond when an the Milwaukee & St. Paul has built to Kansas City, and
the Atchison has likewise built a line between Chicago
emergency arose for funds for any of the numerous offices
and Kansas City.
West of the Missouri new lines are to
he fills, and it would be foolish to hamper him by legal
met with everywhere, and competition is very fierce.
be
restrictions in any way. First, stop the accumulations;
It is only when we bear these facts in mind, and rememsecond, make provision for getting'out the surplus already
her also that every Western State Commission is doing its
in; third, after these obstructions are removed, let us see
utmost to add to the demoralization, and that east of the
what cash balance Mr. Fairchild thinks he requires for
transacting the Government business. If, then, Congress Mississippi the Wabash in receiver’s hands is proving
believes his ideas are too large, the time will have come to very mischievous, that we appreciate how strained the
situation is and what a multitude of irritating influences
give expression to its views.
We suppose that sooner or later the whole
The ruling idea in certain quarters at Washington are at work.
matter will be arranged, but it will not be very easily
seems to be that all the country needs to make it uninter¬
in bonds.
He could not telegraph to
ruptedly prosperous is more circulation, so some of our accomplished.
The stock market
egislators are seeking in every way they can to give it to
proposition
in Mr. Breckinridge’s bill, referred to above, and also
another feature of the same measure which provides that
one-half' the legal tender reserve be put in bonds. Even
if there were no other objection to the propositions for
thus ‘‘investing” these funds, it would be sufficient to urge
that the practical effect would be to raise the price of
This is the notion which underlies the
us.
irregular, without
has been dull and
There have been
n# developments of
consequence affecting values, except
the continued cutting of rates in the Northwest, and this
has latterly made the granger stocks rather weak.
The
strike of the Reading miners gives signs of breaking up*
but the effect on prices has been inappreciable. The truth is,
decided movement in
prices either way.
the fluctuations continue to
be made almost entirely by the
“invest- professional traders, who operate in a small way on both sides
might be decidedly unprofitable. of the market. So long as Congress does not take action
Government bonds to such an extent that as an
“ment”- the
venture
regard to the issue of fractional currency, which on the surplus question, it is unlikely that public interest
has also been mooted, that is of a somewhat different can be enlisted, and the unsettled state of affairs among
Western roads is also a bar to speculative activity.
The
nature, and might perhaps be attempted, if for no
other purpose than
to furnish an object lesson European demand for our bonds continues, and rates for
to those who think that nothing is necessary to put new foreign exchange have declined this week in the face of
forms of currency afloat but a Congressional edict.
To the adverse condition of our trade balance. Railroad earn¬
be sure, the Treasurer now holds over 25 millions of frac. ings are not so uniformly favorable as heretofore—in fact,
tional silver coin, the amount having been increased three, bad weather has served to cause a falling off in a good
quarters of a million within the late month. But that many cases.
The following statement, made up from returns collected
little obstacle need not be allowed to interfere; only we
suggest that the experiment be tried at once. Fractional by us, exhibits the week’s receipts and shipments of cur¬
currency can in very small degree supply any need not rency and gold by the New York banks.
With
«*
supplied by silver coin, and hence as the one form of
subsidiary money passed out of the Treasury, the other
would pass in.
By taking action at once, Congress
might, before the end of its session, have the opportunity
of providing the Treasury with new storage facilities for
the silver money its fractional currency had forced back
now
on
the Government.
difficulty in maintaining rates in the Northwest and
Southwest seems to increase with each succeeding week
The
Week ending
Received by
February 3,1888.
$2,432,000
Cnrrency
tenders....
Gain.
100,000
Loss.
$1,983,000
100,000
$549,000
Gain.
$1,883,000
$2,432,000
The above shows the actual
of currency
Movement.
Banks.
$449,000
Gold
Total gold and legal
Net Interior
Shipped by
N. F. Banks. N. Y.
changes in the bank holdings
and gold caused by this movement to and
In addition to that movement the banks
from the interior.
gained $100,000 through the operations of the SubTreasury. Adding this item to the above, we hav6 the
Hardly a day passes but that some new reduction is
following, which should indicate the total gain to the New
announced, and it i3 almost impossible to keep track of
York Clearing House banks of currency and gold for the
them all.
That rates between Chicago and St. Paul
week covered by the bank statement to be issued to-day.
between Chicago and Omaha, between Chicago and Kansas
Net Change in
City, between Chicago and St. Louis are totally demoral¬
Into Banks. Out of Banks.
Week ending February 3,1888.
Bank Holdings.
ized is by this time an old story.
But the area of dis¬ Banks’ Interior Movement, above $2,43 ,000
$549,000
Gain..$1.883.000
as
turbance seems to be widening rather than lessening. This Snh-Treaanry operations
Gain..
5,400,000
100,000
5,500,000
have
*
week the Eastern trunk lines have been
made
a
party to
Minneapolis Sault Ste. Marie iz Atlantic having
completed its line between Minneapolis and the Sault, has
it.
Total gold and legal tenders
...
$7,932,000
$5,049,000
Gain..$l,963.000
The
England gained £81,000 bullion dur¬
This represents £218,000 received from
in connection with the Canadian Pacific and the Water, ing the week.
the interior of Great Britain and £137,000 sent abroad.
town & Ogdensburg and Ontario & Western been taking
The Bank of France shows an increase of 5,450,000 francs
freight to the seaboard at lower rates than the sum of the
The Bank of Germany
tariffs via Chicago, and this of course necessitates action gold and of 1,925,000 francs Bilver.
has gained 6,560,000 marks.
The following indicates the
not only on the part of the Chicago-St. Paul lines but the
amount of bullion in the principal European banks.
trunk lines as well.
The Sault Ste. Marie road is a free
of
lance, and will be
But it is only one of a large number
of new lines in the territory west of Chicago, all of which
are responsible for the present situation of affairs.
The
difficulty dates back to the building of the Chicago Bur¬
lington & Northern to St. Paul. That line has been a
disturbing factor ever since. Then there is the Minnesota
& Northwestern also running between Chicago and St.
Paul, and the most independent of all. At the same time1
difficult to manage.
The Bank
February 3, 1887.
February 2,1888.
Banks of
Gold.
£
Silver.
£
21,418,848
44,107,7(18 47,481,703
Germany
' 21,217,490 18.815,510
6,910.000 14,578,000
Aust.-Hung’y
Netherlands..
4,109,000 8.210,000
2,004,000 1,332,000
Nat.Belgium.
0,983,000 1,118,000
National Italy
England
France
Total.
Gold.
£
£
Silver.
£
21,418,840
21,428,978
91,589,471
48,726,927 45,077,403
19,302,490 17,170,510
40,033,000
21,488,000
12,325,000
3,990,000
8,101,000
6,480,000 14,005,000
5,254,000 8,151,000
2,739,000 1,370,000
859,000
7,304,000
Total.
£
21,428,978
94,404,390
30,533,000
20,485,000
13,405,000
4,109,000
8.223.000
Tot. this week 107,410,104 91,541,213 198,951,317 111,355,395 87,232,973 198,588,308
Tot.prev.w’k. 100,919.173 91,295.008 198,214,181 110,012, '♦ 9 86,902,420 197,514,495
146
THE CHRONICLE.
[VOL. XL\I,
1
The
.
Assay Office paid $136,998 through the Sub- merely the selling price fer its credit. Why could not
Treasury for domestic bullion during the week, and the we sell that—if it is deemed wise to enter upon that kind
Assistant Treasurer received the. following from the Cus¬ of business—without
being compelled to take such an
tom House.
elephant as a railroad system in payment. Is it not better
by all means to let those who build the road keep it, and
Consisting of—
Date.
Duties.
if—after all that has been claimed to the
contrary in times
zr.s.
Cold
Silver Cer¬
Cold.
Notes.
tificates.
Oertijlc’s..
past—the franchise is really worth nothing, and we wish
Jan. 27.
$1000
$338,481 95
$56,000
$231,000
$46,000 to sell the city’s credit for so desirable an object, why not
28.
41,000
248,091 76
2,000
177,000
28,000
let the city be paid 2 per cent for the 35
years and 5 per
30.
81,000
508,015 52
1,500
370,000
51,00)
44
44
44
797,362 26
496,320 04
594,108 36(
1,000
57,000
690,000
49,000
cent forever after
3,500
69,000
369,000
55,000
be
2,000
48,000
461,000
78,000
$2.982,379 89
$14,000’
$352,000 $2,301,000
$310,000
31.
Feb.
44
1.
2.
Total.
Included in the above payments were $8,500 in silver
coin, chiefly standard dollars.
period has passed and the lease has expired
into the law autho¬
rizing the work, a provision that the system shall be leased
again to the highest bidder? If that be desirable can we be
sure that no legislature will
change the law and put in per.
haps some of its own tools or the city officials as managers.
One can gain a notion of the situation that would
result in case the city either directly or indirectly came
into control, by supposing tnat at the present time in
addition to all other work, our municipal government
should take charge of and operate every horse railroad
company that is occupying our streets.
Aside from the
railroad
routine,
ordinary
only think of the new voting
power which would come under official control and the
—what then?
labor contests
settle.
Would it be well to put
and strikes
City work
our
aldermen wou»d
have to
be done with perfect honesty now; at
least we gather from the Mayor’s address Tuesday
night that he thinks that is so, but it certainly
has not always been and will not always be.
Or
the
other
take
view, that the lease be offered to the highest
bidder, say every twenty-five years. Does any one think that
&
Democratic or Republican administration, whichever
might be in control, would lease those roads, with all
their votes, to a highest bidder who was not of their own
stripe of politics ? We are so uncharitable as to fear that
may
it would not.
And for
assuming these new responsibilities and risks
what does the city gain ? Nothing appears to be really
paid it for the franchise. Every dollar that it gets is
And if
our
that risk the market
That will
creditors do
price of which
is assumed
by the mayor to be just 2 per cent—we can
off our whole city debt in case we make the loan large
enough.
pay
NORTHERN
Mayor Hewitt’s rapid transit scheme is a very suggestive
effort to give expression to a pressing need without
parting
with the street privileges at less than their worth. In both
his plan and his method he touches the
public nerve'
centre, for nothing is so generally and so earnestly wanted
as
rapid transit, and nothing has become quite so irritating
and repugnant to the people as
granting franchises without
benefits to the city’s treasury. It is no wonder then that
his suggestions so new, and withal
having such a busi¬
ness flavor, should receive a
hearty welcome.
At the same time the proposals are
merely tentative,
and the Mayor himself desires them to be so
considered.
We cannot discuss them to day;, but they involve a
prin¬
ciple as well as a great undertaking, and need no little
consideration and analysis before an intelligent
plan or
safe opinion can be formed.
Many among these desiring
good government will
question the wisdom of the
city’s retaining the ownership of a rapid transit system
even were it
presented to it for nothing. The Mayor’s
scheme obviates much that is objectionable on this point
in giving the New York Central Railroad the
building
-and conducting of the road for thirty-five years. But old
men know that
thirty-five years make a very brief period,
the amount of the loan.
perfectly clean operation.
not default—there is
NEW YORK CITY AS A RAILROAD BUILDER,
and when that
a
on
PACIFIC'S
EARNINGS
AND
FINANCES.
We
able to present
to-day a statement of the net
earnings of the Northern Pacific for the first half of the
current fiscal year and also a
summary of the charges for
the same period, thus showing how the two
compare, and
affording an idea of the present position of the company
in
are
this respect.
As previously
pointed out in these columns, the outlook
properties in the same section of the
country has undergone a decided change for the better
m recent months.
But what makes a comparison of earn’
iDgs and charges especially useful just now is the fact that
the company’s debt, both direct and indirect, is
being
is
increased, and it
important to know what is to be the
for this
and other
effect
on
income of
third
mortgage is of course familiar to
besides that in
this increase.
providing
The issue of
our
the
readers.
new
But
adequate and comprehensive
system of oranch roads, the total obligations are of neces¬
sity being further added to, though some of the branches
are
being constructed ou quite advantageous terms
to the company.
Of course, the increase in charges as
the resu!t
of
this
an
extension of
the
indebtedness
comes
gradually, but nevertheless is constant and uninterrupted
and this makes it important to see whether the
earnings
are keeping pace with it.
Besides, the road has latterly
had to meet considerable new competition—the Montana
exrension of the Manitoba beiDg a case in point—while
only since the beginning of the current fiscal year (July 1)
has it had (through the opening to traffic of the Cascade
Division) its own outlet to the Pacific Ocean.
We would say, as a preliminary, that in the light of the
results now disclosed, there can be no doubt of the wis¬
dom both of building the Cascade line and of constructing
the branch system.
For the period under review (July 1
to December 31) earnings had up to 1887 risen steadily
for several years, and yet we now find a further addition
in gross of over a million dollars, distributed, too, pretty
nearly evenly between freight and passengers, the gain on
the former being $498,112, on passengers $533,887, and
in mail, express and miscellaneous $32,872.
In the case
of the net earnings, the showing is very naturally not
auite so favorable, the increase being only $161,459. The
following shows the gross and net results for this halfyear period in the last four years.
.Tut]) 1 to December 31.
Miles of road in December
Freight earnings
Passenger
Mail
Express...
Miscellaneous
Total
Operating expenses
Net
1887.
8,277
$
5,760,5y2
2,232,504
189,098
1886.
2^93
$
5,202,480
1.008.017
1885.
2,091
*
4,843,604
1,572,149
1884.
2,453
$
174,190
140,389
172,016
149,477
74,594
00,012
25,338
4,575,295
1,775,427
119,192
12S.950
28,840
8,407,105
4,2?5,5S0
7,342,294
3,372,108
0,743,270
3,102,289
0,027,710
3,208,150
4,131,5*5
3,970,120
3.640,981
8,359,560
129,503
Ffbruary 4,
THE
1888.]
147
CHRONICLE.
dollars.
The
following gives the various items of the*
semi-annual periods; also the total of
ings in these six months increased from $6,627,719 to
$8,407,165 and net from $3,359,569 to $4,131,585, or preferred stock at the same dates, and the amount o
about 25 per cent. In the same interval the number of supplies on hand.
miles of road operated has grown from 2,453 to 3,277 miles,
Amount Outstanding. Dec ,31,’ 87 June 30,’87 Dec. 31, ’80 Jujie30,'8Q Dec 31, ’85
or about one-third, mostly through the construction of
*
$
*
1
$
1st mortgage bonds...1 40,878,000 46,878,000 45,023,000 44,028,000 44,028,000
branch roads. Hence earnings have increased nearly as fa3t 2d mortgage bonds
OD
-j o o o 18,857,000
20,000,000 20,000,000 20,000,000
3d mortgage bonds
as mileage, which is a very rapid and promising rate of
4,050,000
Mo.Div.&Pend d’Or’ille
5,423,500
5,351,500
5,260,500
4,941,500
5,191,500
increase, as new branch additions are not infrequently Dividend certificates.. 4,279,020 4,640,821 4,640,821 4,640,821 4,040,821
and for a considerable time operated at a loss ; this, too,
Total
80,749,120 76,710,321 74,920,321 72,877,321 72,049,321
has been accomplished in the face of the appearance of Preferred stock
37,634,169 37,786,199 37,930,707 38,058,310 38,256,708
1,392,025
1,171,279
1,425,446
1,000,724
1,240,344
new competitors and the reduction in rates.
What is Supplies on hand
Tbe increase in the obligations of the branch roads we
particularly gratifying, however, is that the improvement
in the late half year was largest in the closing months. have found it somewhat more difficult to obtain, but as
Thus of the $1,064,871 increase in gross, $353,556 was nearly as we can ascertain, the total of new issues up to
made in October, November and December, and in the the present date is $4,415,000, as given in the subjoined
Some of these new branch lines
have been
case of the net the increase in these months was $282,319, list.
from 1884 to 1887 gross earn¬
Thus in the three years
debt at each of five
against $161,459 for the half year, there having been a
decrease in the earlier months.
It is to be noted, too,
least the gain has continued
through January, 1888, the increase for that month being
that in the case of gross at
reported
as
built under
a
contract with
tions from snow and cold weather this year.
S. T. Hauser
associates, providing that the latter grade, tie and bridge
roads, and furnish right of way, accepting in payment
branch
bonds
to
one-half
the
amount of the
cost and
The bonds of course
guaranteed by the Northern Pacific, which also pro¬
vides the rails from the proceeds of the bonds left at its
disposal. By this arrangement we are told many of the
prominent business men of Montana have become enlisted
in the promotion of the inferests of the Northern Pacific
company in that territory. We should state that there has
also been an increase of 1£ millions in the bonds of the St.
Paul& Northern Pacific; but as that road is operated for a
percentage of earnings, and besides is not commonly classed
as a branch road, we take no account of it.
out in freight.
are
charges, there has, as already
SBid, been an increase.
It has not been particularly
striking, reaching $226,555, yet the gain In the net having
been smal!, it leaves the surplus somewhat les3 than in the
six months of the previous year.
But in 1836 this sur
plus was above the average, so that notwithstanding the
falling off the 1887 total is the largest of any of the last
four years with that exception; in other words, the surplus
for 1887 is $761,824, against $826,920 in 1886, $630,970
in 1885, and $699,286 in 1884, as will be seen from the
following.
With reference to the
$1,451,000
510,000
000,000
250,000
Duluth & Manitoba (Dakota Division), 1st mortg ige, Os
Drummond & Philipsburg, 1st mortgage, 5s
Helena Boulder Valley & Butte, 1st mortgage, 0s
Helena & Northern, 1st mortgage, 5s
Six Months Ending
Northern Pacific RR.
1837.
I
Net earnings
Fired
4,131,585
1884.
$
$
3,040,981
3,359,569
299,413
1,031
10,710
250,127
1,059
10,790
$
3,970,120
£
charges—
Rentals—
St.^Paul & No. Pacific...
St. Paul & Omaha
Manitoba Road
Minn. Union
No. Pacific Term
838,798
1,070
11,033
327,325
10,355
22,321
34,230
413,735
1(55,875
22,454
22,342
*10,529
34,050
308,125
33,090
310,500
140,794
2,281,234
2,190,040
101,159
29,400
27,307
25,377
87,015
158,825
2,025,324
03,530
22,592
Total
3,309,761
3.143,200
3,010,011
2,000,2S3
Remainder
+ 761
+820,920~
3-030,970
3-099,288
Branch Roads
Taxes
Funded debt interest
153,951
General interest
Sinking funds
*
2,103,727
Or. 5,575
824-
4.30,000
Spokane & Palouse, 1st mortgage, 0s
Northern Pacific La Moure & Missouri River, 1st mortgage, 5s
Dec. 31.
1835.
1880.
am*
the
the interrup¬ taking the other half
$84,965, notwithstanding
Messrs.
Missoula & Bitter Root Valley, 1st morigage,
already stated that' the best results for
the half year both as regards gross and net were
made in the later months; as further illustrating that
point, we may remark that for December the deficit below
charges (a deficit being usual in that month) was only
$80,226, against $132,246 in 1886, $163,088 in 1885 and
$141,471 in 1884, notwithstanding the increase in the
meantime in charges.
The gross earnings for December
1887 stand at $1,181,772, against only $758,229 in 1884,
and the net at $472,996, against $340,508.
Examining now the debt we find that about the only
changes of importance that have taken place in the direct
obligations of the road since the annual report, are those
occasioned by the issue of the new third mortgage bonds.
For December 31 $4,650,000 of these bonds are reported
as
outstanding. The amount recently brought out by
Messrs. August Belmont & Co. was $8,000,000, but that
$4,415,000
Total.
Obviously, these additions to the debt will further
increase the annual fixed charges.
But as the effect of
the new debt is to lift the company out of its embarrass¬
ments ; to enlarge the company’s system ; to complete its
equipment and its Cascade division—as these are among
the benefits secured and to be secured, it seem 3 to us reas¬
onable to preeume, in the light of late results, that the
revenues out of which the augmented charges have to be
paid will also be increased. For the fact i3 significant
that the heaviest gains in earnings occur in the later and
more
For three months.
313,000
800,000
5s
recent months.
We have
covers
the dividend certificates
which for December 31
EUROPEAN COTTON
CONSUMPTION
by cable this week Mr. Ellison’s figures for
December, and for the three months since October 1st, of
the cotton takings and consumption of Europ?.
As the
December returns close the calendar year and the first
We have
special
of the
of cotton goods which the present
quarter of the new crop year, they always have a
interest; but aside from that interest the rapidity
growth in the use
surprise.
Mr. Ellison has been carrying the weekly consumption
of Great Britain since the new season began the same as
last year’s, and the total for all Europe at 143,000 bales,
against 140,000 the previous year. He now raises both
Great Britain and the Continent, 1,000 bales a week each,
exhibit discloses cannot but cause
putting the total up to 145,000 bales of 400 lbs
this he does not
each; and
onlv for December but for the two pre¬
vious months also.
Thus the consumption
for the quarter
Altogether, the increase in the ending with December reaches 1,885,000 bales of 400 lb3.
direct debt for the six months is a little over four million each, against 1,810,000 bales for the same three montha
we
given at $4,279,626.
THE CHRONICLE.
148
increase of 75,000 bales; which rate of in¬
crease if carried through the crop year would make the
needs of Europe 300,000 bales, of 400 lbs., larger than the
consumption of last season. As an indication of how this
increase, so far as Great Britain is concerned, caD, in part
be accounted for, we have prepared the following state¬
ment of the exports of yarn, cloth, &c., all reduced to
of 1886, or an
pounds, from the United Kingdom for the same
three
months.
Yam and Thread.
Exported
from Great
1887.
1886.
f
1885.
i
Lbs.
October....
November..
December..
24,234
25,749
24,961
Lbs.
23,612
24,478
20,485
Tot. 1st q'r.
74,t>16 68,575
Stockings an d socks
Sundry artic
Spin’rs’
Stock
i
Cloth.
1887
1886
1885
1884
Lbs.
i
1886
1885.
1887.
1886.
1885.
Lbs.
Lbs.
Lbs.
Lbs.
Lbs.
Lbs.
1885
85,362
1884
19,736 ' 77,376
21,6is| 82,875
76,828
63,842
98,773 101,500
60,882 103,125 101,306
67,903 107,838 89,327
04,694
62,017234,790j 223,564 'l93,479
80,618
89,516
309,736 292,139 255,496
739
646!
621
5,245
5,668
4,691
manufactures for 1st quarter... 316,143 298,030.260,808
Spin'rs*
sumption.
Stock
Con-
Dec. 31.
sumpVn
290,000
190,000
136,000
247,000
71,481
70,800
64,365
70,500
3,692,000 473,000
3,504,000 88,000
3,294,000 251,000
3,341,000 308,000
71,000
67,385
62,743
Weekly
190,000
136,000
247,000
145,000
3,817,000
3,736,000
3,236,000
3,768,000
4,007,000
3,872,000
3,483,000
3,913,000
3,717,000
3,682,000
3,347,000
3,666,000
88,000 4,077,000 4,165,000
251,000 3,341,000 3,592,000
308,000 3,237,0003,545,000
368,000 3,281,000 3,649,000
64,250
All Europe.
1887
278,000 7,894,000 8,172,000 7,409,000 763,000 142,481
1886.
20,6681 74,539 77,894
Con¬
Continent.
1887
18S7.
J
es
Total ex]ports cotton
Total of All.
Supply.
Gt. Britain.
1884
i
Takings.
Jan. 1.
1885..
000s omitt'd
Britain.
JBales of
400 Lbs.
[Vol, XL\I,
1886
387,000 7,077,000 7,464,000 7,186,000 278,000 138,185
555,000 6,473,000 7,028,000 6,641,000 387,000 127,108
513,000 7,049,000 7,562,000 7,007,000 555,000 134,750
it will be seen, starts the new year 1888
with a stock of 763,000 bales of 400 lbs., which looks large
compared with previous years. But to keep it as low as
that, only 278,000 bales of same weight are left in stock
on
the first of January, 1887 ; that is to say, the con¬
sumption of 1886 is counted at a high-enough rate to take
all the cotton delivered except that amount.. What we
This statement,
Every item in the table shows growth for each of the
years over its predecessor, and the totals of all in the last
three columns are 316,143,000 lbs. in 1887, against 298,would suggest is, that perhaps the consumption was not
030,000 lbs. in 1886 and 260,808,000 lbs. in 1885. Be. so
large as estimated in 1886. It will be seen that it was
sides this growth in exports, there are as the year closes
raised 545,000 bales over 1885 to bring the stock on the
evidences in Great Britain of a new development in home
first of January, 1887, down to 278,000 bales, which is
consumption. One need go no further for proof of that than an
average increase in the weekly consumption of 10,480
the increased railroad earnings,increased bank clearings and
bales of 400 lbs. each.
We must bear in mind, too, that
the foreign trade returns of exports of all home products.
the stock on the first of January, 1888, although it looks
Still it is well to remember that current figures of con¬
large (763,000 bales), is only a fraction over five weeks’
sumption must always be more or less estimated. We
supply at present rate of consumption, and even twice
see an illustration of this fact in the changes Mr. Ellison
that amount would not seem extravagant when we remem.
makes this month in his previous weekly figures.
It will ber that it covers the
holdings of spinners of the whole
be noted that he even adds a thousand bales a week to
of Europe.
We throw out this hint by way of sugges.
his estimate for the previous two months of Great Britain;
tion only.
and if the United Kingdom cannot be stated correctly,
As to the supply of cotton for the remaining nine
how much greater room must there be for error when one
months of the season, our cable does not give us any
attempts to give Continental consumption—that is the
figures, and perhaps Mr. Ellison has not made any esti¬
consumption of each of the countries of Europe except mate. One fact
bearing upon that point has become
Great Britain.
The takings of spinners everywhere are
obvious, and that is, that the diminutive estimates made
easily stated, but the unknown quantity, spinners’ stocks in
November, and clung to since, of the yield in the
of the raw material, is the piece of information no one
United States have proved as unreliable and baseless as
knows and manufacturers guard.
said they would.
we at the time
Two or three more
We are led to make this remark because public expec¬
cotton seers have therefore suffered an eclipse by a con¬
tations as to spinners’ needs during the closing months
spicuous failure. Still no one need mourn, for they belong
of the season have been so many times of late years disap*
to a perennial race, and
will come up as fresh, as inno
pointed, purchases proving far less at that period than
cent, and as active as ever in the fall.
anticipated, many spinners running apparently on
accumulated
stocks,
and those who are caught
MISSOURI KANSAS & TEXAS.
short of cotton running on short time.
What is more,
In view of the great demand for information about the
shcrt time appears to have but little effect on the price
of goods, enforced rest coming apparently as a relief, affairs of the Missouri Kansas & Texas, we publish below
affording the opportunity to work down accumulations of some interesting statements brought down to a recent date
goods in the world’s markets. Last summer, for instance, bearing upon ilie current operations of that road audits
there was wide disappointment growing out of a misap¬ leased and controlled lines.
The situation of this property, as is known to our read¬
prehension on these points. Those who held the cotton
felt sure of a harvest, but abstention from buying on ers, has undergone quite a change during the last year.
the part of spinners, short time on the part of many, and The Atchison Topeka & Santa Fe by absorbing the Gulf
yet plenty of goods produced to go around, were the con¬ Colorado & Santa Fe and building a link across the
ditions, and all this at a time when it was quite clearly Indian Territory to connect that road with its own has
understood from the statistical position that such con¬ practically paralleled tie Kansas & Texas system all the
ditions were impossible.
We suggest, therefore, whether way to Galveston and the Gulf of Mexico. Tne St. Louis
the last few years’ experience does not leave, or at least & San Francisco has also built an extension into Texas,
raise, the presumption that spinners everywhere have of and thus has likewise become a competitor for some of
Both these new lines were
late got into the habit of carrying larger stocks into the the Kansas & Texas business.
Bummer than formerly.
Take 1886 and 1887 for illustra¬ placed in operation last summer. At the same time, the
(recently reorganized and
1887, but as it contains the corrected totals since October 1, gauge changed) has put out various new spurs and feeders
the following results for the year are, we believe, correct* in Texas and elsewhere, thus also encroaching on the ter¬
We add for comparison the three previous years.
ritory of the Kansas & Texas.
tion. Our cable omits to furnish
us
Mr. Ellison’s totals for
St. Louis Arkansas &
Texas
I
February 4,
charged state of things that makes the figures
we have secured especially interesting.
No statement of
the company’s earnings, either gross or net, has been
It is this
from
$44,574,534 to $45,964,861.
Turning now to the International & Great Northern
and the Galveston Houston & Henderson, the results are
much the
much
include taxes, while those in the company’s
As the item of taxes is nowhere separately
given in the reports, we have had to make an arbitrary
allowance for that item for the back years (which allow
ance, however, cannot differ greatly from the actual
total) in order to make the basis of comparison the same
present figures
reports do not.
In addition to the gross and net earnings,
we are able also to
present a comparison of the various
items of debt outstanding.
in 1887.
MISSOURI KANSAS & TEXAS.
Year end'd
Sept. 30,
Earnings and Expenses—
1886. '
1837.
*
$
Freight
Mail...
Express
Miscellaneous
5.470,742
191,097
4,833,860
1,691,597
5,166,673
185,981
186,218
146,635
66,650
165.449
194,087
75.653
78,676
7,451,644
428,754
6,853,656
*4,255,102
7,317,251
*4,547,240
Expenses and taxes
Net earnings..
2,246,892
3,022,890
2,598,554
2,770,005
46,405,000
9,676
40,405,000
9,676
46,414,676
46,414,070 46,414,676 40,414,070
*
LiabilitiesStock.—common
.
Total stock
Interest due
Interest accrued.
Other indebtedness
Total debt
Cost of road and
46,405,000 46,405,000
9,676
9,676
'
equipment.
46,801,569
45,617,191
42,841,689
42,791,038
71,190,654
69,253,940
60,907,015
66,457,085
1880,
basis of
We have added .$200,000 to the expenses in each of the years
188D and 1884, so as to cover the item of tuxes and make the
*
comparison the same as in 1887.
This shows
a
satisfactory growth in gross, but
such
heavy augmentation in expenses that the net is nearly
$800,000 less than in the twelve months ended December
31, 1886. As the latter period covers three of the same
months as the 1887 period, it follows that the changes
have occurred entirely in the nine months ended with
September 30. The gain of $385,715 in the gross indi¬
cates that the traffic of the company has increased, not¬
withstanding the new competition. On the other hand,
the ircrease of $1,161,713 in expenses (over 26 per cent),
makirg the ratio of expenses to earnings over 71 per cent,
may be the result either of lower rates and increased
mileage, or of a more liberal policy in making repairs,
renewals, &c. The presumption is that lower rates have
played an important part in changing results, and yet it is
clear that the other circumstance mentioned has also had
considerable influence, for we notice that while only
$1,162,648 was spent for maintenance of way in the
twelve months ended December 31, 1886, the expenditure
for the same purpose in the twelve months ended Sep¬
tember 30, 1887, reached $1,605,012.
With reference to
the stock and debt, there has been no change in the
former, while the amount of bonds outstanding has been
a
increase in gross,
an
larger increase in expenses, leaving the net in each
the calendar year 1886.
Here is
the exhibit for the International & Great
Year end'g
December 31.
Year ending
Sept, 30,
Earnings and Expenses—
8
606,813
2,299,304
2,155,250
96,440
55,045
12,318
1,863,998
98,301
3,063,296
2,277,892
2,925,800
2,639,489
1,840,134
3,041,587
2,019,156
785,404
906,710
793,355
479,432
9,755,000
9,755,000
9,155,000
9,755,000
15,008,000
19,106
221,535
15,008,000
59,100
221,375
*795,215
15,008,000
31,836
218,035
507,103
15,483,029
15,307,741
16,036,301
15,764,973
28,011,090
27,919,834
27,908,259
27,927,423
Mail
92,951
Express
52,510
illscellaneous
20.870
Total
Expenses and taxes—.
I
$
8
597,661
Passenger earnings
Freight
1884,
1885.
1886.
1887.
Net earnings
Liabilities
Northern.
NORTHERN.
INTERNATIONAL * GREAT
600,053
68,611
8,520
•
690,305
2,102,750
97,489
79,399
11,644
2,562,155
-
Stock
Bonded debt
15,008,000
Interest due
81,257
197,196
196,576
Interest accrued
Other indebtedness
Total debt
Cost of road and
*
but a
smaller than in
case
equipment
Amount due Missouri Kansas &
11.711
Texas.
On the Galveston Houston &
Henderson
a
deficit below
of frequent occurrence (though it
1885), but the present short¬
little larger than usual, as will be seen from the
operating expenses is
was
not the case in the year
age
is
a
following.
GALVESTON HOUSTON <fc
HENDERSON.
Year end'd
December 31.
Tear ending
Earnings and Expense#—
1886.
1887.
i
1885.
1884.
$
f
8
Freight
Mail
Net earnings...
322,242
302,203
289,119
326,794
413,823
def. 39,310 def.
.
0,988
12,936
401,0311
407,6j>7
446,997
Total
Expenses and taxes.
7,181
8,1411
9,448|
11,279
Miscellaneous
7,0181
73,726
102,778
7,181
8,823
6,612
77,534
217,603
97,321
279,103
100,130
274,652
6,856
14,770
Passenger earnings.
Express
45,964,801 44,574,53. 41,766,061 41,657,185
513,080
451,149
415,894
200,019
619,070
614,700
620,763
629,970
2,303
6,719
6,719
Bonded debt
There is
s
8
1,592,713
7,837,359
5,590,467
Total
same.
1881.
1885.
1,575,920
J.641,953
5,785,017
205,620
137,925
66,844
Passenger earnings—
Preferred
December 31.
Year ending
September—
increased somewhat between December and
given out since the publication of the company’s annual
report for the year 1886. It is of course a little too early
to have full returns for the calendar year 1887, but figures
have been made up for the twelve months ended September
30—that being the fiscal year of some of the States
through which the system runs—and these results we
compare below with similar results for the calendar years
1886, 1885 and 1884. We give first an exhibit for the
Missouri Kansas & Texas proper. The 1887 return covers
the operations of various new branches like the Dallas &
Greenville, the Taylor Bastrop & Houston and the Gaines¬
ville Henrietta & Western, but as the most of these were
operated for only a small part of the twelve months in
question, they cannot have affected the result much for
that peiiod.
In the case of the operating expenses, our
as
149
CHRONICLE.
THE
1888.J
Liabilities-
20,039 dof. 37,675
12,792;
1,000,000
l.ooo.oooj
1,000,000
1,000,000
2,000,000
2,000,000
2,000,000
2,000,000
1,025
800
Interest accrued
10,400
50,000
Other indebtedness
20,019
j
2,106,5311
25,000
222,138
1,500
25,000
120,403
2,247,938
2,140,902
3,059,024 i
3,059,193
3,000,000
Interest due
25,000!
80,506
2,086,419
Total debt
Cost of road and
3,000,000
equipment.
Summing up, we find but slight changes in debt, satis¬
factory gains in gross, but heavy losses in the net. On
the three roads combined there is a gain of #529,801 in
gross,
and
a
in expenses
loss of $923,822 in net, making an increase
for the nine months of 1887 of $1,453,623.
OVERLAND
COTTON
CONSUMPTION AND
MOVEMENT TO FEBRUARY 1.
which have
been compiled this week and are given below, cover the
period from September 1 to February 1, or the first five
months of the cotton crop season.
We are able to prepare
the figures thus early only by freely using the telegraph.
Our statements of
OVERLAND
overland movement, etc.,
MOVEMENT TO
FEBRUARY
1.
Although the amount of cotton carried overland during
January does not approximate at all closely to the total
for December, the movement has been quite liberal,
especially after due weight is given to the weather condi¬
prevailed during the greater part of the
month.
Delays to transportation have occurred through
tions which have
carried has
reached 160,234 bale3, or only 32,498 bales less thau in
January of 1887, and exceeds the total for the month of
snow
and ic«, and yet
the
gross
amount
THE
150
CHRONICLE.
1886
(when, however, railroad traffic was interrupted in
manner as in the current
year) 56,422 bales.
The season’s gross aggregate is still, of coarse,* largely ift
excess of previous years.
The net for Jaifuary makes a
very favorable exhibit, beiDg 81,701 bales, against 69,478
the
same
bales last year and 34,107
five months of the current
is
years ago.
For the
the excess over 1886-7
season
209,193 bales, and in comparison with 1885 6 the
increase is 233,214.
The details are appended.
OVERLAND FROM SEPTEMBER
1 TO FEBRUARY 1.
1887-8.
Shipped—
1886-7.
1885-6.
1887-8.
1885-6.
Total receipts
bales. 5,330,183 4,983,699 4,697,230
Southern consumption since September 1
240,000
194,000
164,000
February 1
bales. 5,570,183 5,177,699 4,861,230
-
363,948
281,824
289,722
Over Illinois Central
146,626
137,752
100,213
11,827
50,381
16,273
132,168
Over Cairo & Vincennes
70,323
Over the Mississippi River, above St. L.
Over Evans ville & Terre Haute
68,017
.....
Over Jeffersonville Mad. &. Ind
40,799
8,931
71,264
Over Ohio & Mississippi Branch
Over Louisville Cincinnati & Lexington
Receipts at Cincinnati by Ohio River...
Receipts at Cincinnati by Cin. South’rn
Over other routes
Shipped to mills, not included above..;
overland
6,832
47,619
15,769
35.210
25,564
14,218
47,461
109,780
142,032
4,928
69,705
10,633
76,746
99,840
7,447
1,033,490
869,483
802,574
142,774
189,294
167,837
43,888
36.731
51,574
6,762
The
amount of
1887-8 is thus
seen
Western interior towns
708,953 bales more
portion which has gone into the hands of Northern
spinners during the same period we have prepared the
following.
Total
receipts to February 1,1388,
63,931
Stock
on
At Southern ports
At Northern interior markets
33,082
—
Fobruary 1, 1888..
to
Galveston
236
Savannah
Charleston
6,528
16,123
1,527
3,203
19,863
998
497
879
26,041
28,969
3,761
North Carolina ports
Virginia ports
84,241
5,654,421.
foreign ports siuoe Sept. 1, ’87...3,987,073
foreign cotton included
2,413—3,084,655
Sent to Canada direct from West
29,1L3
Less
Burnt North and South
Mobile
82,036
2,155—
Of this supply there has been exported
Stock
New Orleans
bales.5,570,183.
as above
hand commencement of year (Sept. 1,1887)—
At Northern ports
49,004
73,685
7,763
ings for Southern Consumption
from the following Southern ports—
7,038
4,193
8,809
722
708
3,151
5,328
Total to be deducted
241,077
236,268
243,375
Leaving total net overland*
792.419
583,220
559,199
*
This total includes shipments to Canada by rail, wlilch since Sep¬
tember 1, 1887, amounted to ^9,113 bales; in 1886-7 were 24,136 baies
and in 1885-6 were 23,913 bales.
SPINNERS’
AND
September 1 in
392,484 bales more than in 1886 7
than in 1385 6. To determine
44 434
Deduct also Shipments inland and Tak¬
RECEIPTS, EXPORTS
to be
the
Total supply to
Receipts overland at N.Y., Boston,&c.
Shipments between (or South from)
cotton marketed since
and
Deduct—
As
1886-7.
Receipts at the ports to Feb. 1
bales. 4,537,770 4,400,479 4,138,031
Net shipments overland during same time
792,413
583,220
559,199
Total to
From St. Louie
Total gross
UsiDg the facts disclo39d by the foregoing statements,,
we shall find that the portion of the crop which has reached
a market through the outports
and overland, and the
Southern consumption since September 1, this year and
the two previous years, is as follows:
bales two
now
Amount
[Vot. XLVI,
TAKINGS.
weekly statements have clearly indicated, the
receipts at the ports during the month have been on a
less liberal scale than in January of the two pre¬
ceding years, reaching 527,570 bales, * against 644,681
our
bales in 1887 and 513,393 bales in 18S6.
for the five months, however, continues
The aggregate
to exhibit an
6,704
hand end of month (Feb. 1,1888)—
At Northern ports
298,897
on
At Southern
ports
631,112—
At Northern interior markets
Total
Taken by
Taken
Taken
930,009
5,992—4,036,473
takings by spinners since September 1, 1887..bales. 1,597,951
Southern spinners
240,000
by Northern spinners since September 1,1887
by Northern spinners same time in 1886-7
Increase in
takings by Northern spinners this
year
1,357,951
1,140,897
bales.
217,054
The above indicates that Northern
spinners had up to
February 1 taken 1,357,951 bales, an increase over the cor¬
responding period in 1886-7 of 217,054 bales and an
increase
the
over
same
AMOUNT
time in 1885*6 of 168,189
OF
CROP
NOW
IN
bales.
SIGHT.
In the
has
foregoing we have the number of bales which
already been marketed this year and the two previous
An additional fact of interest is the total of the
seasons.
Foreign exports also crop which was in sight on February 1, compared with
have not been as free as in January of the two
previous previous years. We reach that point by adding to the
above the stock remaining at that date at the interior
years, and the season’s total now shows an excess of only
48,552 bales over the corresponding period a year ago. towns, less stock held by them at the beginning of the
excess
over
any
former
season.
Contrasted with 1885-6 the
gain reaches 562,433 bales.
While stocks at the ports record a small decline, the
amount held at the interior shows a fair
increase, the
total of both reaching an excess of 30,000 bales in favor
of the present year.
Oar usual table of details is given
below.
seeson.
on
In this
find the result for three years
manner we
February 1 to be
as
follows.
1887-8.
Total marketed, as above
bales.
Interior stocks in excess of Sept. 1
Total in sight
1886-7.
5,570,183
bales.
1885-6.
5,177,699
300,000
4 861,230
364,009
5,934,183
5,477,690
5,320,230
459,000
i
Movement
Receipts Receipts
from
Sept. 1,1887, to
Feb. 1,
1888.
Galveston
Indianola, &c
since
since
Sept. 1,
Sept. J,
1.887.
18&0.
598,740
010.7 00
EXPORTS SINCE SEI’T.
|
!
Great
Britain*
1.391,879,1,393,158
Mobile
18‘U48
91,943
779,-2 5
51,597
Florida
Savannah
Brunswick, &e.
Charleston
Port
Royal,&c.
Wilmington....
Washington,&e
Norfolk
218,076 !
4,021
462,020!
200,037
303,927
11,: 50
11.873
10°,770
127,189
4,550
3,559
l
3,440
133,342
02,849
08,377
55,106
!
3,440
12,481)
209,850
25,839
119,411
355,672
30,009
238,099
0,395
37,035
112,407
1,975
J .062
194,317
101,733
150,051
401,727
109,128
37,2-6
61,470
20. 1
21,597
372,405
38,058
100,071
5\G25
*
280,198 ! 942,855
192,342
19,; 40
Total 1885 6
38,014
457,0 1
4,53 -',770
Feb. 1.
74,81.9 ji 290,918
204,790
08,780
55.820
Total 188C-7
Total.
i
As it will interest the reader to
see
what ha3
come
into
sight each month of the season during this and previous
years, we have prepared the following.
70,274
■
37,044
13,822
288,20 ;
22,81:
1,805
31,907
1,990
22,078
3,700
85,933
37,727
48,815
0,582
247,233
21,000
20,949
9,710
111,124
1,879,006
273,503
934,014 3,087,073
930.009
4,400,479 1,874,215
413,965
750,341 3,038,521
945,502
4.LN.0 1
1 of
and
613,953 bales greater than in 1885-6.
Months.
1887-8.
September
18S6-7.
1885-6.
434,838
1,359 901
1 360 870
1 309,111
1834-5.
1.380,576
208,649
Great Britain exports inoiude to tlie Channel.
809.510 2.524.096 1.088.097
J-24,369
i5k9,7H0
1.639,906
1,3 : 0,871
1,5 ^2.539
1,467,767
1,419,433
540,271
662,654
541,793
1,340,902
1,36 >,404
513,187
5,934,183
5,477,699
5,320,230
4,987,440
1
.....
47.193
Total 1887-8
Continent.
This indicates that the movement, up to February
the present year is 456,484 bales more than in 1836 7
38
Bostos
Philadelphia,&c.
Stocks
(
30,009
New York
■I
|
[
89,243
20,85>
710,SOI
25.255
351,155
403.851
42;‘,81
West Point,&c.
J
j
1
.
New Orleans....
Baltimore
f prance
\
1, 1887, TO—
November...
December
January
Total 5 months.
WEIGHT
To furnish
February 1,
of bales.
a more
we give
So that
OF
.
485,552
1,188,583
413,836
BALES.
exact measure of the
below
our
receipts up to
usual table of the weight
comparison may be made, the figures
February
THE
4, It 8 3.]
time in the previous two years are
for the same
also
given.
Same
--
1886-7.
Number
Weight in
of
Pounds.
Bales.
Average Average Average
Weight.
Weight.
Weight.
598,740
309,015,701
51611
516 00
671,024,866
92,887,852
410,175,636
178,729,908
391,715,400
78,199,198
482-10
484-00
48415
49900
49500
507-00
48100
478-12
489-00
476 00
47000
477-25
47500
477-40
475-70
473 00
467-90
468 00
501-41
491 67
488-46
489-36
Alabama
18G 148
Georgia*
South Carolina.
Virginia
North Carolina.
Tennessee, Ac..
852.756
375,483
824,664
165,326
Total
*
1885-6.
1,391,879
Texas
Louisiana
Same
Ending Feb. 1, 188S. peri’d in peri’d in
Five Months
1,175,187
573,655,782
488 14
5,570,183
2,705,404,343
435-69
151
CHRONICLE,
517-95
the political excitement on the Conti February it appeared as if a bitterconflict between Germany and France was inevitable, and
when Prince Bismarck demanded a large increase in the
German army because of the growing military power of
France, the tension became very severe. A semi panic was
precipitated on the Continental bourses, and realizations
were forced to a large extent on the London Stock Exchange.
This feeling of alarm was kept up until after the German
elections in February, and in fact until the Chancellor’s
demands had been granted by the new Reichstag.
With that
event the \ olitical outlook became more pacific, but the relations
between the two countries continued strained, with periodic
outbreaks, until in June, when the ministry of M. Rouvier
most among these was
nent.
In January and
was
Boulanger was dropped
towards continued peace was
formed in France and General
out; by that act a decided step
felt to have been taken:
Including Florida.
the movement up to February 1
It will be noticed that
the average weight as compared with
the same period of the last two years, the average this year
being 485-69 lbs. per bale, against 488-46 lbs. per bale
for the same time in 1886-87 and 489-36 lbs. in 1885-86.
shows a decrease in
This excitement had
influence
on
our
no
a
restrictive and depressing
so
probably than would have
eternal Eastern Question,
doubt
trade—more
been caused from the revival of the
pure and simple. We have become
indifference at alarming reports of
hardened into almost
that description ; but
this was a somewhat new development, and for the time
being
the feeling, especially on the side of Germany, was
THE COTTON GOODS TRADE IN JANUARY.
apparently very intense. This effect can be traced in the
There was a large movement in staple cotton goods
course of prices, and also in our foreign trade, both of which
during the month and prices continued to advance, lead- developed an upward tendency with the opening of the year.
iDg makes of brown and bleached goods having been But in February prices had lost their buoyancy, and in March,
with a few exceptions, there was a decline.
Thus Scotch pigmarked up from £c. to £c. without checking the demand
iron warrants advanced sharply in January, but receded con¬
The export demand was more ac ive ,and liberal orderi
tinuously in February and March. As to the effect on foreign
for future delivery were placed in this connection. Stocks
trade one would not expect it to be immediately observable,
of plain and colored cottons are exceedingly light, many since the volume of that movement depends so largely upon
makes beiDg under the control of orders for months to orders given months previously. Still, in March the totals
come.
Print cloths were active and ihe market close 1 were less satisfactory and in April and subsequent months
the tendency in the same direction was even more marked.
strong at an advance of 38 point3 upon opening q iota
In fact, general trade did not seem to have fully recovered
tions.
from the set back it received by the war scare and other influ¬
ences until September ; from that date, however, there has
1886.
1887.
1868.
been a continued improvement.
It is not to be inferred from the foregoing that the situation
Oott’n Print¬ Sheet¬ Oott’n Print¬ Sheet¬ Oott’n Print¬ Sheet¬
Jan.
low
has
not all along continued more satisfactory than in 1886.
low
ing
ings,
low
ing
ings.
ing
ings,
mid¬ cloths, stand¬ mid¬ cloths, stand¬ mid¬ cloths, stand¬
The year opened so very much be'ter that great hopes of a
dling. 64x64 ard. dling. 64x64 ard. dling. 64x64 ard.
highly prosperous twelve months were entertained ; and the
H’day
H’day
1
313
6k reverse, which we have referred to, consisted mainly in a loss
...s...
2
H’day
8...
7
3*38
9
3 6l
7*4
1011«
3
of that special buoyancy.
Speaking in general terms, we
6k
7
3-38
10
3 75
81?16 3-13
7i4
9ii8
4
fc34 believe that relative prices have throughout afforded the
3-38
7
3-75
8i--ie 3-. 3
10
714
9>18
5
313
6%
3-38
7
8k
3-75
10
714
fckc
6
3 19
8 34
6k
7
9 16
3*3t>
producer a more remunerative return, and home consumption
3-75
7k
10
7
319
63-1
3-38
7
8%
8...
91.6
8
has been more active. One feature which lias had a helpful
6 34
3-20
3-75
10
714
9
8...
38
7
3
effect has been the greater steadiness of silver. It will be
9
3-75
9
714
10
6 34
{?!<* 6 3-25
338
7
9
714
11
9lSie 3-75
remembered that in 18S4, and the first half of 1885, prices of
6 34
3-25
9
3-38
7
87S
7H
12
915U 3-75
3-25
7
Ok
3-38
9
8-8
714
13
the white metal were quite regular, the changes in July, 1885
915U 3-75
3*25
(3k
3*3 8
7
9
87g
3-75
7k
10
14
6
3-25
k
3"o8
7
9
878
8...
being 49 3-16d. as the highest, 49J^d. the lowest and 49 3-16d
15
3*25
634
...S...
7k
3 75
87e
10
16
the
average, which shows a decline of about Id. from January
8...
338
7
3-88
7k:
10k
17
325
63*
3-38
7
887h
3-88
1884.
After July, 1885, the retrograde movement wss con¬
7k
18
lobe
3-25
6%
3*38
7
9
87«
19
10116 3-88
3 25
634 stant, and in 1886 the fluctuations were very wide.
In Janu¬
3-39
7
9
87S
3-88
7k
20
10k
6k
7
3-25
3-44
9
8-s
3-88
7k
21
1018
the
ary
of
that
year
highest
price
was
47d.
per
ounce
; from
3-25
6k
3-41
7
9
...8...
22
6
331
34
.8...
that
3-88
7k
23
ldk
point the decline became more rapid, until in August
8...
3-44
7
9
3-88
10 is
7*2
24
the quotation touched 42d., then recovering and reach,
3-31
6k
3-50
7
8%
9
3.88
7k
25
1018
6 34
3-38
8
3-50
7
7 k,
9
3-88
26
10'’C6
ing 463^. in December. These wide and rapid changes were
6k
3-38
7
9
3-50
83*
7k
27
lO^ie 3-88
6 34
of course very embarrassing to the shipper of goods to silver,
3-38
3"50
7
9
8%
7k
28
10*^16 4-00
3-38
634
3-50
7
8k
9
..8
29
using countries, and a prominent cause of the unsatisfactory
6 34
3-^8
8...
bk
7k
30
103,6 400
...8...
3-50
7
4-00
7k
returns
on the trade of that year.
31
For like reasons the
lO^ie
return of more stable values since March, 1887, have proved
The above prices are—For cotton, low middling upland at New York
a very favorable
feature. Below are the highest, lowest and
for printing cloths, manufacturers’ prices; for sheetings, agents’ prices,
average prices of silver for each month of the past three
Which are subject to an average discount of 5 per cent.
'
.
..
..
....
.
.
.
.
•
s
.
.
.
..
..
..
..
...
..
years;
GREAT BRITAIN IN 1887.
[Communicated by our London Correspondent.]
1887 have proved more favor¬
able than during previous years, the later months especially soand 1888 opened with quite an improvement in feeling and pros
pects, prices in many departments being better and the volume
of trade much larger and expanding.
It will be remembered
that 1885 was a very unsatisfactory year; 1886, though in a great
degree a period of deferred hopes, recorded a distinct move
forward; but in 1887 the revival acquired decidedly greater
High.
The business conditions during
force.
compelled to add that there have
been important drawbacks in the past twelve months, Fore¬
"While saying this, we are
1885.
1886.
1887.
Silver.
d.
Jan
Feb
March
April
47k
...
....
May
Juno
44k
4334
Ilk
44716
Aug
45 k
Oct
Nov
Dec
I 0: year.
d.
46k
47ii6 46ke
4071G 44i>ie
July
8ept
Low.
45 lie
44 78
43 k
437,6
433;6
43 7e
44 k
447l6
43 7s
43!516 43H10
! 45k | 431316
147k
Aver.: High.
1
Low.
Aver.
High.
i
d.
d.
d.
d.
46k
I
d.
50
467,e 46k
|
46»i6' 146*5,* 46k 46!^jg 49 k
493.6
4538 ! i4678
46Die 46 k
463a
4978
43i»ie' 1161*1* 46
50
4434
45'ie
43^16 46
19k
4530
44H10 4478
43k
43U1C 49 ’,6
42k
44k
44k
426
42
l93,e
44111C 12k
42 k
45
431316 48k
44k
41k
473.6
453,6
443g
457a
451616 4615S. 17k
43131G 17
15
45U1G 17k
44"1e | ,463s
l4331P> )4411
A7
Low.
Aver.
48k
d.
49 k
49 k
49
49ke
4R7s
49
d.
49k
k
497.6
49
493,o
49k
493.6
487jo 4813.6
487s
47 k
47k
47
k
477,6*
476,6 477.6
47 k
467e
!
47
42
45
50
467g
148k
152
THE
In the above
CHRONICLE!
easily note the strong contrast in the
particulars mentioned between the periods referred to.
The direction from which the main impulse to trade has
come this
year has, as usual, been the United States.
In the
metal trade this fact is particularly prominent. Of iron and
steel the gain in our total exports is 758,413 tons,or about
22
per cent, and about one-half of this is due to larger takings
by the States. So also our trade with the East has advanced,
though our shipments to India show a considerable loss; but
to China and Japan the improvement is
marked, the totaj
increase compared with 1886 being about £2,600,000. To South
Africa there has also been a very
important gain, while to
Australia the falling off is large, being
due to severe drought
and bad harvests. For a clear exhibit of the total
exports of
British and Irish produce the past twelve months we
give the
following monthly statement of increases and decreases of
each year over the previous year for live
years taken from
one
can
the Statist.
in that
case
fVau XLVI
the total yarn
exported was 251,037,200 lbs. in 1887
against 254,343,100 lbs. in 1886; but reducing the cotton cloth
also to lbs. we find the total of all is much
larger than in the
previous year. The explanation of this is that the first half
of the year the spinning trade
dragged. That was in part
due to the corner in cotton, but was attributed in
part also to
the competition * of India in the China and
Japan markets;
and Lancashire spinners began to think there was truth in
the
report that India was going to supplant them in the yarn
,
trade of those countries.
But the last three months has been
a further revelation,
for the purchases on the
part of China
astonishing, being for December alone 3,750,
700 lbs. of yarn against 2,138,300 lbs. the same month of 1886But, as said, the total export of cotton yarns for the year is
less than last year.
And, what is a little remarkable, this is
also true of jute yarn and also of woolen
yarn, while in piece
goods every one of the articles shows an increase. This is all
indicated in the following table.
and
Japan
were
1
Exports 1887
compared with
1886
j
1883
1884
Compared Compared Compared Compared
1886.
Differe’ce..£
Jau... +
595,954
Feb
+
871,126
Mar.. + 492,011
..
April.
—
6,142
May.. +
196,814
June.. -1,215,635
July.. + 701,021
Aug.. + 1,043,440
Sept.. + 904,855
Oct..
Nov.
Dec
.
.
..
+
511,378
+ 1,607,669
+3,231,954
Year. + 8,965,686
These
figures
has been not
with 1885 with 1884 with 1883 with 1882
Percent.
+ 3-46
+ 531
+ 2-65
004
+ 1-20 •
6-55
+ 3-79
+ 5*56
+ 478
+ 2-80
+ 915
+ 18*83
Per cent.
-4-95
-2-76
+ 1-80
+ -14
-5-15
are
only
4*22
Per cent.
Per cent. Per cent.
6-4
6-1
+4-0
;
—10-9
—34
+ 3 3
*
9-5
-4-2
+
-o
—12-5
i
+ 1-7
+ 0-4
—13-8
—2-7
+ 1-8
4-9
6 9
—0-4
88
-2-6
+ i-o
66
7-4
—0-8
9-1
—20
+
o
8-5
3-4
+ 1-2
70 !
-117
—11
3-5
59 |
+ 4-4
—
—
-361
—
+ 1-65
2-40
-
+671
—
—
—
-88
-
-32
—
—
8-6
1
—
2-8
!
—0-6
indisputable evidence that the year’s trade
a decided improvement upon 1886, but
shows in its results
a
marked break in the years
of decrease
preceded it. As to imports, the aggregate for the year
was £361.935,506, or a
gain over 1886 of £12,553,920. The
complete trade figures for three years are as below.
which
1885.
Exports.
Home products
Re-shipment of imports..
Total exports
Imports.
Total merchandise
Excess of imp overexp.
1886.
£
£
213,044,500
58,359,194
212,432,75 l
56,234,263
1887.
£
221,398,440
59,It,6,598
271,403,694
268,667,017j 280,505,038
370,404,314
349,3S1,086
361,935,006
80,714,069
81,429,968
99,000,620
1
Year’s Extorts.
quantities.
Cotton yarn
Piece goods
Jute yarn
Piece goods
Linen yarn
Piece goods
Woolen yarn
Woolen fabrics
Worsted fabrics
—
—
—
—
-
—
+1-35
-
—
—
+4-62
—
+
1885
1885.
1886.
245,809,900
yds. 4,374,516,500
30,702,800
.yds.
215,078,500
.lbs.
16,600,200
.yds.
149,468,600
.lbs.
43.491,600
.yds.
.yds.
86,830,500
157,888,100
VALUES.
254,346.100
4,850,030,200
30,717,000
.....
.
.
•
.
.
tin at the same time moved from £100 to £167.
Of course
it is well understood that these
changes are not due to legiti¬
mate
business, at least only in quite a minor degree. Stocks
were found to be
diminishing, while the demand was im¬
proving. The position was at once accurately gauged by an
influential speculative combination, who have so far suc¬
ceeded in firmly commanding
the market, though how long
they will continue to do so has yet to be decided. Lead has
risen from £13 to £15 15s., but steel
rails, which were worth
£4 5s. per ton at the end of
December, 1886, were only quoted
at £4 3s. 9d. at the close of the
year just concluded.
With
the exception of those in iron and steel,
the movements in
which were not favorable, the
changes in metals have indi¬
cated greater steadiness, even
apart from speculative influences
Turning to textiles
we find that cotton at the commencement
of the year was quoted at 5^d. for
middling upland and that
the year finished up at 5%d.
per lb., while Southdown wool
fell from Is. per lb. to 1034fl., and
ultimately recovered to
1134d. per lb. West India sugar has risen from 11s. to 14s. 3d.;
coffee from 74s. to 88s.;
rice, from 6s.
10^d. to 7s. 2}4d.
produce during the year cannot, indeed,
being otherwise than favorable to the develop¬
The movements in
be accepted as
ment of trade.
As may
be gathered from what has been already said, the
export of textile fabrics has been large. There is,
however,
a feature of the trade as disclosed
by the export figures which
in part explains the
complaints of lack of profit which are so
Widely heard. We refer to the falling off in the shipments of
yarn in almost every department.
For instance, take cotton
23,583,300
244,188,600
16,370,900
164,511,400
40,165,100
95,815,700
161,400,800
15,890,900
163,773,200
45,627,100
89,779,760
160,167,500
£
11,865,294
48,276,855
272,027
1,904,360
986,538
4,043,791
4,382,898
8,907,320
6,536.310
£
11,488,803
50,170,634
273,591
1,807,335
11,379,485
51,743,314
227,576
2,057,571
939,877
4,211,931
3,970,205
9,837,892
935,083
4,156,850
4,406,676
"9,155,491
6.943,261
6,945,263
In the hardware industries the animation has been
less
more o
distinct
throughout the year. Ship-building has been
decidedly brisker. On the Clyde 185,526 tons were turned out
against 172,440 tons last year, being an increase of 12,922 tons
but the prospect for the new year is
yet more encouraging
the work in hand being 206,041 tons, or 88,366 tons
larger than
a year
The improvement in nearly all branches was cer¬
ago.
tainly more clearly defined during the closing months of the
year than during the first six months.
The annexed state¬
ment shows the
exports of iron and steel from Great Britain:
Pig Iron.
Rails.
With
regard to prices, among the more prominent features
of the trade we may mention the boom in
copper during the
closing months of the year. This has influenced other metals
also to a greater or less extent, except Scotch
pig iron, which
after opening at 44s. fluctuated between 38s. 9d. and 47s. 3d.
and ultimately closed at 43s. 4d., or rather under the last
price
of 1886.
Copper, on the other hand, which was about £39 at
the end of 1886, rose in the twelve months to
£85, and Straits
251,037,200
4,904,109,200
216,182,100
£
Cotton yarn
Piece goods
Jute yarn
Piece goods
Linen yarn
Piece goods
Woolen yarn
Woolen fabrics
Worsted fabrics
1887.
1887......;.........
1886
1885
1884
1883
1882
1881
1880
1879
1878
1877
1876
1875
1874
1873
The
Other
Descriptions.
Tons.
Tons.
Tons.
1,159,500
1,041,257
960,931
1,012,681
739,651
1,269,576
1,564,048
728,540
1,758,072
936,949
820,671
693,696
463,878
441,384
497,924
1,974,726
1,605,289
1,455,475
1,497,439
1,508,095
1,658,531
1,517,458
714,276
971,165
1,480,196
1,632,343
1,223,436
924,646
881,442
910,905
947,827
776,116
1,142,065
414,556
545,981
.
782,665
785,014
899,809
963,498
621,741
1,030,734
-
TOI)8.
4,146,907
3,389,197
3,130,682
1,466,055
1,196,170
933,193
965,285
Total.
'
3,496,991
4,043,308
4,353,552
3,820,315
3,792,993
2,883,484
2,296,860
2,346,370
2,224,470
2,457,306
2,487.522
2,957,813
capital creations for the year have been about £98,000,000, against £101,000,000 in 1886^ This year the prospec¬
tuses have appeared more
numerously during the closing
months, and whereas in 1886 Queensland gold mines were the
principal source of attraction, 1887 has witnessed a well sus
tained activity in the attempt to
exploit the mineral wealth
of South Africa.
The Manchester Ship Canal scheme was
successfully floated by Messrs. Rothschild in July with a
capital of £8,000,000 in £10 shares. Allsopp’s Brewery was
in February turned into a public
company, the applications
for £3,300,000 of capital reaching a total of
£100,000,000. In
the following month Hotchkiss’ Ordinance
Company appeared
with a capital of £1,100,000, for which
applications amounted
to £10,000,000.
The feature of the foreign borrowings has
been the frequent applications by South American States. An
Argentine five per cent loan was brought out by Messrs
Barings and Messrs. J. S. Morgan & Co. in January at 85^£
In June a City of Rosario 6
per cent loan for £198,400 was
issued at par. In the same month Messrs. Schroder & Co.
offered £660,000 five per cent' 1st
mortgage bonds of the
Autofagasta & Nitrate Railway Company, at 99^2 per centMessrs D. de Murietta & Co offered
£1,300,000 bonds bear;
ing 5 percent interest of the Argentine Northern Centra^
Railway extensions, at £913£ per cent. In July, Messrs.
Antony Gibbs & Sons received subscriptions for £600,000
in £1Q shares and £1,131,375 six per
cent debentures
at
In
cent of the Midland Railway of Uruguay.
August Messrs. C. de Murietta received applications for
96
per
$8,547,364 of the Argentine Republic, and in September
Messrs. Morton, Rose & Co., offered a six per cent loan of
£595,000 at 91 per cent of the province of Cordova. In Octo¬
ber the Chilian four-and-a half per cent loan for £1,113,781
was introduced at 973^ per cent, and in December Messrs.
Morton, Rose & Co., introduced the Rio de Janeiro & North¬
ern Railway, with
a capital of £555,000.
At the end of
November the conversion of the French
Per cent rentes
satisfactorily.
Out
of
840,000,000
passed off
francs only
80,000,000 demanded repayment, the rest accepting three per
cent rentes at
80'10
per
cent.
up
to the
year.
Average
rate of
allotm’t.
Mini¬
Description.
£
Auckland debent’s..
Borough
of
Brunswick
(part of Melbourne) deb’s.
City of
Manitoba
Victorian Gov’t loan
Province of
5
25,000
Jan. 19
Jan. 20
Jan. 20
Feb. 18
Feb. 24
Mch. 23
Mch. 29
Mch. 31
5
5
28,000
113,000
3,000,000
2,500,000
3,000,000
Queensland Gov’t loan
fiengal-NagpurRy.CoJLim.)
City of Sydney, loan
Launceston (Tasmanian) l’n
Auckland Hai bor Board....
Apr.
Hong Kong Gov’t loan
South Australia Gov’t loan. May
1
4
4
4
4
4
5
4
10
4
May 19
Govlt loan
Wellington (N.Z.) Gas Co... May 19
Australian Gas-Light Co.of
8t. Lucia
Mauritius Gov’t, loan
Indian Gov’t loan
*
330,000
150,000
100,000
200.000
101
324,000 99
120,300 loo
850.000
2,341,000
79,700
50,000
.
5
120,000
141,500.100
0 0
June 28
June 30
5
5
75,000
25,000
July 7
July 19
July 21
Aug. 2
4^
43*
12
Oct.
Tenders at par
.
0 0 101
o 11
0 0 97
0 0
0
0 0 100 11
0 0 100 14
9
0 0 103 2 0
1
0 0 105
1
0 0 103 3 0
523,100 ioo
150.000 *97
100,(XX) 100
737,400 98
127,200 108
Borough of Redfern (part of
Oct. 10
Sydney)
City of Richmond (part of
Melbourne)
2,083,400
0 0
4
0 0 102 19
0 10
0 0 100
0 0
300,000
205,400
50,000
June 15
Prahran (part of
io,200,boo
1
0 0 104 12
104
100
102
100
24
35,000
d. £. S. d.
0 0 105 18 9
5
7
Columbia.. June 8
Melbourne) loan
■Rorough of Hastings
Colony of Victoria (Melb.
Tramways) trust
Wellington Harbor Board..
s.
0 0 100 14 0
0 0 105 8 23*
0
0 0 110 10
Metropolitan Gas, Melb’rne
Wellington & Manawatu
June 17
R’j (N. Z.)
City of
5
P. Ct.
£
47,000 105
1,443,900 103
1,205,000 102
June
Sydney
Prov. of British
4*
mum
£
-
11
Jan.
Amoun t
offered.
Rate Amount
P. C. requir’d
Date.
5
4
200,000
50,000
102,900
4
2,000;000
4
50,000
5
05,000
0
050,000 105 0 0 100 0
59,400 ! 97 10 0 97 12
8
9
2
4.540.000 97m.4an 97r OalOD
7 0 100
189,000
9
0 (t 93 17 10^
91
0 0 108 14
170,100 107
received about 84 p. c, and those above in full.
The range in the Bank of England rate of discount during
the year has been from 2 to 5 per cent. There has been less
disturbance about bullion movements than usual. Our ex¬
ports have been £4,400,000 less than in 1886, namely, £9,323,614,
against £13,783,706, while our imports were £9,939,934, against
£13,392,256. Practically, therefore, the deficiency in the im¬
ports has been counterbalanced by the contraction in the ex¬
ports. The Bank rate opened at 5 per cent, at which it
remained until February 3, when it was reduced to 4 per cent.
On March 10 it was lowered to 334 Per cent and on March
24 to 3 per cent.
On April 14 it was reduced to 234 Per cent
and a fortnight later to 2 per cent, at which it remained until
August 4, when it was advanced to 3 per cent. The next
move was on September 1, when the rate was fixed at 4 per
cent, no further change being made during the year.
The
average rate for the year was 3*34 per cent, against 3*05 per
cent for 1686. The following shows the Bank of England rate
of interest for the past eight years :
INTEREST.
BANK OF ENGLAND RATE OF
Rate Number
per of days.
Year.
1880.
Jan.
1 to June 17.
June 17 to Dee.
9.
Dec.
9 to Dec. 31.
1884.
3
2%
168 days
175 days
23
3
days
-
Year’e
Jan.
Jan.
Feb.
a vera ge....
1881.
1 to Jan.
13 to Feb.
17 to Apr.
2-76 366
days
Apr.
3
3*2
6 to Dec. 31.
5
13
35
70
112
7
days
days
days
days
days
42 days
86 days
3-48 365 days
Year’s average
78 day8
112 days
2 to June 19. 2%
Juno 19
9
Oct.
Oct. 29
Nov.
5
to
to
to
to
Oct.
9.
Oct. 29.
Nov.
5.
Dec. 31.
Year’s average....
13.
17.
28. 3
Apr. 28 to Aug. 18. 2%
Aug. 18 to Aug. 25. 3
6. 4
Aug. 25 to Ocr.
Oct.
Rate Number
per of days.
cent.
Year.
cent.
.
1885.
Jan.
1 to Jan. 29.
Jan. 29 to Mar. 19.
Mar. 19 to May
7.
2
3
20
7
days
days
56 days
4
5
2-96 366
days
'
-1
3’
4
30.
23.
9.
23.
17.
Aug. 17 to Sept. 14.
8ept. 14 to Dec. 31.
Year’s average....
o
6
5
4
3
4
5
days
days
days
days
days
28 days
108 days
30
24
14
14
147
4-15 365
1883.
May
7 to May ,14.
May 14 to May 28.
May 28 to Nov. 12.
Nov. 12 to Dec. 17.
Dec. 17 to Deo. 31.
5
4
5
4
day's
days
49 days
7 days
3
14 days
168 days
35 days
14 days
2i*
2
3
4
days
2-92 365
days
'
1886.
Jan.
1 to Jan. 21.
Jail. • 21 to Feb. 17.
Feb. 17 to May
6.
May
June
Aug.
Oct.
Dec.
4
3
2
6 to June 10. 3
2i*
3i*
10 to Aug. 26.
26 to Oct. 21.
21 to Dee. 16.
16 to Dec. 31.
4
5
24
21
14
ik
21
27
days
day's
78 day’s
35 day's
77 days
56 days
56 day8
15 days
3-05 365
days
5
davs
23,2
23,7
22,5
23,0
23,2
23,4
23,6
9,5
23,3
24,0
10,5
23,3
23,8
24,7
24,6
24,7
24,2
a
24,4
24,1
24,4
24,3
27..
24,3
24,4
23,9
23,3
23,4
23,6
23,5
23,7
24,1
23,7
23,1
22,5
22,4
22,4
May
4..
11..
21,4
21,8
23,3
16..
it
23..
Mar. 2..
it
9..
it
16..
it
23..
it
30..
6..
Apr.
it
13..
it
20..
24,8
24,6
18.. 24,5
it
a
a
24,5
24,9
24,7
25..
June 1..
it
8..
15..
it
24,4
it
24,2
22..
it
29..
July 6..
it
13..
20..
27..
3..
10..
17..
24..
31..
Aug
it
23,3
25,5
25,3
25,1
25,0
25,5
25,2
25,0
24,6
♦a
O
j
23,9
23,8
23,7
23,5
23,8
22,9
22,6
22.9
24,1
22,8
23,0
24,0
23,7
10,1
10,5
8,2
6,4
6,3
6,0
5,7
4,3
4,7
4,9
5,1
4,9
6,0
7,4
6,0
4,6
4,0
3,6
21,7
20,9
20,7
3,1
2,9
22,7
18,8
14,2
14,4
21,8
21,4
18,5
18,8
10,2
10,8
11,7
12,8
13,2
13,9
14,9
15,5
15,3
15,9
16,4
17,0
16,7
15,2
15,3
15,6
4
31*
3
2i*
2
3
4
34
35
14
21
14
98
28
121
18,7
19,0
20,3
22,5
20,8
21,4
21,5
25,0
24,1
24,7
24,8
14,4
14,4
14,4
18.5
15,8
24,7
14,7
14,7
26.1
15,2
15,2
18,7
18,7
18,8
18,6
18,7
18,6
18,7
18,8
20,5
20,9
19,1
19,5
19,2
19,2
19,0
18,9
15,4
15,4
15,4
15,5
25,8
15.5
24,7
27,1
26,8
27,7
27,2
25,7
15,8
24,7
23,7
15,3
17,4
17,4
17,1
17,1
16,5
20,6
20,3
4,2
24,3
24,2
28.. 24,4
20,2
4,1
20,5
20,5
4,9
4,9
21,6
22,0
12,7
Oct.
25,1
20,1
6,7
22,0
13,9
1
24,8
20,0
13,7
20,0
3,5
3,4
23,4
24,5
24,2
12,9
24,5
24,3
20,1
23,0
22,3
22,3
22,5
a
Sept
7..
.
it
it
20,6
24,7
24,7
14..
21..
5..
i
12..
it
19..
*4
26..
Nov. 2..
ii
9..
it
16..
ii
23..
it
30..
Dec. 7..
ii
14-.
ii
21..
i
28..
•
20,3
20,3
24,1
23,7
23,8
23,8
23,5
23,9
24,0
20,2
20,3
20,4
20,5
20,4
19,9
The allotments of
19,1
19,8
19,9
20,7
21,4
19,7
12,6
22,5
23.6
22,6
22,3
18,8
18,9
18,9
18,6
18,9
19,2
19,5
£
£
£
295,000 3
March 2
2,155,000
1,860,000
626,000
April 1
Mayr 2
1,400,000
880,000
June 3
June 24
•Tulv 1
July 29
1,500,000
2,0t 0,000
October 3
October 31
December 5
2
2
2
1%
1%
1-118
1
1
VI
VI
1-1%
1
1%-14
2
1%
2
2
11.3
4
11,6
12,0
11,8
11,1
12,7
4
4
4
4
4
4
4
4
4
4
4
4
12,7
13,1
12,7
12,0
4
4
4
1V%
2%
2%-%
2%-%
2*-7B
3%
3%
3V*
3 V7#
3%
3%
3%
3%
3%
3%
3
3
3%
3%-%
2V3
2%
2%
2%
4
Six
Months.
d.
6-75
1%
0-25
9
8.
9
£
3
s.
6
d.
5*75
2
17
1175
2
15
2
19
1
5
1,675,000
580,000 0
325,000 0
7
5
10
6
430,000
O
0
2
5
1
O
1
1
1,500,000
1,560,000
18
15
0
8
9
6
11
1
19
3
0%
11
16
4
3
3
9
10
1
1%
18
0
-
.
-
605,000
(.35,000
515,000 1,045,000
2,080.000
2,325.000
1
1
l
3
3
3
2
2
1*4
The situation of the Bank of France, as to its stock of gold
and silver, according to the last returns of each month
of
1885, 1886 and 1887 was as
GOLD AND SILVER
Gold. Silv’r Tota
1887.
follows, stated in pounds sterling :
IN BANK OF FRANCE.— fOO,OOOS
1880.
Gold
1
£
40,1
43,3
47,6
50,6
April 29; 52,1
May 27 55,4
43,7
55,4
54,3
45,1
45,1
45,3
Oct.
281 53,6
Nov. 25 52,4
45,6
Dec. 30
45,6
45,8
£
£
£
27
48,6
94,2
Jan.
Feb.
24
Feb. 25:
31
48,9
47,7
94,7
Mar.
45,6
45,8
46,0
40,3
40,9
47,3
47,3
47,7
47,7
47,5
47,7
47,7
93,7
93,8
94,9
95,7
95,5
95,8
94,8
93,3
93,1
92,3
Mar
Jan.
April 28
May 27
Aug. 25
Sept. 29
47,5
48,0
48,4
48,2
48,1
47,1
Oct.
27
45,8
No
24
45,4
June
24
July
28
Dec.
29
44,6
Silv’r Total
£
28
25
June 24
July 29
Aug. 20; 54,0
Sept. 30 54,7
49,0
44,1
44,8
45,j
45,5
1885.
Omitted.]
Gold. Silv’r To
£
£
40,0
41,1
41,0
29
40,1
40,4
42,1
43,6
40,0
40,3
46,8
47,0
45,9
Nov. 26
^,5
4
81,1
81,7
82,8
84,6
86,5
89,3
89,6
90,9
91,2
89,7
90,2
£
89,4 Jan. 29
91,3 Feb. 26
94,7
96,9
101,0
100,5
99,4
99,9
100,2
99,2
98,0
95,4
Mar. 20
April 30
May 28
June 25
July 30
Aug. 27
Sept. 24
Oct.
Dec.
311 40.3
FOREIGN EXCHANGE.
The
following table shows
42,4
42,5
42,9
43,3
43,3
44,1
44,2
43,4
89,7
JANUARY— STOCKS,
days
3*34 365 days
118
11,6
days
days
day8
days
days
318-14
2
2
2
2
2
2
2
2
3
3
3
3
4
GOVERNMENT BONDS AND
davs
2*
3%
318
31* 2%
3i* 2%-!*
3
1%
l1*-^
3
3
118
21* 118-14
21* 1-118
14,4
14,6
14,8
14,3
14,7
15,4
15,1
U,1
12,8
11,5
13,0
12,4
11,1
11,2
11,5
11.7
Three
Months.
1,400,000
September5 ....
September 23
27s
4
4
4
4
4
Average Per Cent.
Six
Months.
Three
Months.
January 3
January 31
Pr.ct. Pr.ct.
330
5
3i*
5
5
314
3
5
Treasury Bills during the year have been:
Amount.
Date.
M
11,3
19,4
18,9
12,5
12,4
12,4
12,4
12,4
14,0
14,0
14,0
&
11,7
12,0
11,8
12,2
12,3
12,7
19,6
19,4
12,3
22,3
21,9
22.1
4,4
4,7
5,5
5,4
18,9
19,0
15,1
14,0
13,0
13,0
21,9
21,9
4,0
3,4
3,2
3,3
4,2
4,1
20,0
15,1
15,1
23,5
23,4
REVIEW OF PRICES IN
■
19,0
18,7
18,9
3,8
4,1
4,0
a
20,8
17,9
16,8
15,1
13,6
13,5
13,1
13,1
13,1
13,6
14,1
14,1
14,1
26,0
26,1
26,0
25,9
26,9
4,7
£
£
£
£
£
20,0
20,8
24,0
A
9,0
4,6
4,1
3,7
3,6
4,7
6,3
7,9
8,9
24,4
it
29
49
3i*
Year’s average....
days
Year’s average....
days
3%
days
1887.
71 days
3
1 to Feb.
3
126 days Jan.
May 10 to Sept. 13. 4
14 days
Feb.
3 to Mar. 10.
Sept. 13 to Sept. 27. 3%
95 days Mar. 10 to Mar. 24.
Sept. 27 to Dec. 31. 3
Mar. 24 to Apl. 14.
Year’s average.... 3 57 365 days Apl. 14 to Apl. 28.
Apl. 28 to Aug. 4.
Aug.
4 to Sept. 1.
1884.
38 days Sept.
Jan.
1 to Feb.
7. 3
1 to Deo. 31.
35 days
7 to Mar. 13. 3**
Feb.
20 days
Year’s average....
Mar. 13 to Apr.
2. 3
Jan.
1 to Jan. 24.
Jan. 24 to Feb. 14.
Feb. 14 to Feb. 28.
Feb. 28 to May 10.
Feb.
j£a
Note 1 Hf
and
Gov’t. Other. Resrve C<
©
!
£
23,7
2.. 23,9
9.. 23,5
-
.
1882.
Jan.
1 to Jan.
Jan. 30 to Feb.
Feb. 23 to Mar.
Mar.
9 to Mar.
Mar. 23 to Aug.
it
Public. ..
j
19,3
19,5
24,8
(4
*
1
Securities.
Deposits.
© -M
a
£
5..
12..
19..
26..
Jan.
it
«
,
CiNotie latior Bulion Iboth partmei
1887.
a
:100
^
0
t*
107 10 0 107 19
0 0
100
123,300
V<
h
it
*
1887.—[00,000s omitted.]
BANK of ENGLAND in
it
They have fallen below the total of 1886,
which fell below that of 1885; but they still form an appre¬
ciable financial item. Annexed is the list:
this
It will be noticed that the year’s average is the highest since
1883. The following statement shows the situation of the
Bank of England each week of 1887 with the Bank and
market rates of discount:
ii
hardly
Colonial and Indian borrowings have been
average
153
THE CHRONICLE.
1868. j
February 4,
the highest and lowest
prices of railway and miscellaneous stocks at the N.
Stock Exchange during the month of January, 1888.
Y.
THE CHRONICLE.
154
[VOL. XLVI,
RAILROAD AND MISCELLANEOUS STOCKS.
Low.
Railroads.
Albany & Susqueli’a..
Atchison Top. &8.Fe.
Hiqh.
145
145
937q jlti'e
Atlantic & Pacirtc....
10
10-4
Bell. & So. Ill., pref..
75
OS
75le
90
50
r>0*2
53*4
5 Hi
50
62*4
56%
5*2
2
4*2
75
4
5
BO1:*
30*2
4
33*3
4 Hi
Bost.&N.Y. AirL.,pf.
Buff. Roch.& I’ittsb..
Canadian Pacific
Canada Southern
Cedar Falls
Minn..
Cent. la., 1st, ass. pd.
2d,
pd.
Central of N. Jersey..
Do
ass.
Central Pacitic
Ches. A: Ohio
Do
1st pref..
Do
2d pref..
7
Do
10
4*2
6
139
135
Chicago & Alton
Do
pref—
Chic. Burl. & Quincy.
Chic. Sc East III
Do
pref..
103
105
127 Hi 130 Hi
41*g
Chic.&Ind.Coal Ily,pf
Chic. Mil. Sc St. Paul.
Do
pref..
Chic. & Northwest...
Do
pref..
Chic. & Rock Island..
43%
93 Hi
91 Hi
94 Hi
94
74
77Hi
112*2 1151100*4 110%
140*2 145
Ill 's 114 '2
Chic. St. L. & Pit-tab..
13
14'-
pref..
30
38%
38Hi
403*
Do
Chic.St.P.Minn. AO.
pref..
Do
105% 109
Cin. Ind. St. L. & Chic,
Cin. Wash. & Balt—
7513%
0
52
153
pref..
Do
Clev. Col. Cin. & Ind..
Clev. <fc Pittsb., guar..
Col. Hock. Va 1. & Tol.
Del. Lack. Sc Western
Den. & Rio Grande...
23
25 m
128 *2 133%
21 4 23
pref..
Do
79*2
4*s
6%
53
157
55
52
Des Moines & Ft. D..
E. Tenn. Va. &Ga. Ry
I)o
1st pref.
Do
2d pref.
Lliz. Lex. Sc Big San’y
Evansville & T. H....
Ft. Worth & Denv. C.
Green B.Win. & St, P..
Harlem
Illinois Central
Do L’sedLinel p.c
8H2
8*2
10
59 4
2L110
10%
02123
10
87
884
40's 404
84
94
212
220
110*- 1214
96
93 Hi
13
5
27 m
14 Hi
4.4
Tnd. Bl. & West
Keokuk & Des M
Kingston & Penibr’ke
Lake Erie Sc West’11..
Do
pref..
Lake Shore
34
5
30*2
16
92**8
Long Island
Si)
Louisville & Nashv..
Louisv. N. A. & Chic.
60*e
39
85*-
Manhattan, consol...
Do
rights..
3
Manhattan Beach Co.
Milw. L. Sh. & West..
Do
pref..
76*8
99
104*2
20*8
Pco. Decat. A: E’ville,
Pliila. & Reading
Pittsb. F. W.&C.. guar.
Do
special..
19
23
Pittsb. & West., pref.
Rensselaer Sc Bar
Richmond Sc West Pt.
Do.
pref..
Rome Water <fc Ogd.
St. L. Alton Sc T. H...
St. Louis Ark. &Tex.
St. L. Sc S. Francisco.
Do
pref..
Do
1st pref..
St. P. 4 Duluth
Do
pref..
St. Paul Minn. Sc Man.
South Oaroina RR...
Texas Ar Pacific.
Union Pacific
Do
Wells, Fargo 4 Co....
New C ntral Coal
Ontario Silver Mia..
Pennsylvania
....
Quicksilver Mining..
Do
pref..
Pullman Palace Car.
Western Uni<m Tel...
Lowest...
*
con/).
108
108
Closing...
73%
116
62*2
24Hi
5538
27*4
51
51
16
58 -y
14%
25 *3
2834
44-8
5458
145
74
130*2
128
31*2
26 *2
.
38*4
2 6 Hi
10
7
14
30
28
12
7
14
14*2
14*8
28
27
260
2G5
10
13%
33 Hi
38 Hi
32 m
27 *4
88*2 73
29*2
31 %
73
78
112
70
75
103
55
45 %
9 14
894
344
374
103
99
85 4
974
3 14 Hi
110
76% 79 ‘4
107 *2
108*2
107*2
108 *4
Assets and
Gold—Coin
Bullion
bonds sold at the Stock Exchange
4$, 1907,
Is, 1907,
Gs, Cur.,
6.9, Cur.
req.
125 %
etun.
’99 re/.
*
1 27
126 Hi
125 Hi
126
126*2
1 25 %
12534
’98 re/.
-125
*127
1 25
126
*12SHi
127
•127
A 25
during the month.
The
daily posted rates for sterling exchange in January are
given below, it being understood that bankers’ actual rates
are usually a fraction below the prices posted:
BANKERS’
STERLING EXCHANGE
(POSTED RATES) FOR
JANUARY,
1888.
185.006,571
121,904584
122,72
.(Asset) 307,809,155
Certificates issued
125.0*52, l VL
Certificates on hand.... 20,668,210
Total scold
96,7.: i ,057
202,955,184
218,91
222,15 ! 76
183.19
>3
6,3-9..70
Certiflc’s, net.(Liability) 179,321,053
Certiflc’s, net .(Liability)
10,645,000
60
1....
2....
3....
4....
5....
6....
7....
8....
9....
10....
11...
12....
day 8.
De¬
mand.
S.
....Holi
day.
4 83*«
1 87
4 83*2-4 4 87
4 84-4*4 t *7-7*2
4 84
1 87
1 84-4*4 4 87-7*2
S.
4
84*s-5 1 87*3-8
4 85
4 85
4 85
4 88
l 88
4 87-7 H
Jan.
13....
14....
15....
16....
17....
IS....
19....
20....
21....
60
days.
4 84H2-5
4 84*--5
S.
4 84*e-5
4 84*«-")
Demand.
4
j
!
Jan.
87-7ifli
60
days.
25.... 4 85-H?
4 87-7H 26
27
4 85-*3
4 87-7*3; 28.... 4 85-*3
4 87-7*3 29....
s.
4 84*3-5 4 87-7*3' 1 10.... 4 85
4 84 v5 4 87-7
4 84*3
31..
4 85
4 87*3
j
4 85
4 87*3
First 4 83*2
22
!
8.
High 4 85*2
Low 4 J3Hi
23.... 4 85-Hi 4 87*a-s!
24... 4 85-*3 4 87*3-6
Last l 84 '2
.
...
De¬
mand.
208,608,130
.539
3,2^.687
Total silver
(Asset) 227,477,903
194,251,570
Certificates issued
Certificates on hand.... 14,930,517
28,660.469
10,925,000
283,000
.23
305,31 L87
<51
127,7 J
31,01 .194
Certiflc’s, net.(Liability) 104,853,971
Net gold in treasury.
Silver—Dollars,stand’rd 223,918,380
Bullion
3,559,523
Net silver in treas’y
U. States notes—(Asset)
Certificates issued
Certificates on hand....
Balances.
ten.
132.6is -64
176,857 ,i.7
48,153,850
45,291,753
2*2.409,425
7,115,000
13 ),000
6,985,000
Net U.S.notes in treas.
Trade dollar bullion
National Bank notes
18,015,469
6,660,023
Deposits in Nat. Banks..
59,372,967
52,199,917
Balances... .(Asset)
335,2Z7,20?
32S,420,548
15,424,425
6,729,230
164,093
96,714
Pubiac Debt and Int.—
Interest due,unpaid....
Accrued interest
Matured debt..*.
Inter’t on matured debt
Int. prepaid not accr’d.
Debt bearing no inter’st
Int. on Pac. lilt, bonds
2,250,303
4,*06,068
2,914.30)
176,982
1,652,627
8.400,479
3,163,955
178,3i.‘2
'
i,oi5
796
57,750
323,117
0,990
1,039,706
9,929,600
1,015
15,344,9 i5
165,317
*£709,537
due, unpaid
Acc’d int., Pac. Rft. b’ds
<*
Debt and int.(Liability)
Fract’l cur’cy redeemed
U. 8. bonds and inte’st.
Int.cb’cks & coupons p’d
796
1,781,99;
Reg. &coup. int. prep’d
166,332
Debt and inter’stgAsset)
D'bt&int.net(Liabilit y)
4,492,330
0,763,268;
160,00*6,066
Res’ve for red. U.S. notes.
Fund held for redemp. of
notes of Nat. Banks
101,201,754
Five p. c. f’nd for redemp.
6,973,573
of Nat. Bank notes
10,852,615
100,000,000
102,534,768
—
7,878,699
Redemp.res’r.(LiaWIdy( 208,265,327
210,413,467
Nat. Bank notes in pro¬
cess of redemp.. .(Asset)
Net res’rves.(Liability)
Post Office dep’t account,
Disburs’g Offlcers’bal’ces.
Undistrib’d ass’ts of fail’d
National banks
7,695.488
4,869,590
*4,248.474
32,766,830:
1,438,160
1,703,679j
60)
1,420
re¬
demption account
Redemption and exch’ge
020
3,600
account
Treasurer’s transf’rch’ks
and drafts outstanding.
Treasurer U. S., agent for
paying Int. on D.Col.bds
612.410
413,956*
4,030,532
2,819,738
495,569
123,437
Total
(Liability)
Int.on D.Col.bds pd (Asset)
30,793,414
110,090
Net
205,658,126
"
23,295,604
Currency and minor coin
redemption account....
Fractional silver coin
4,755,341
200,579,839
’
(Liability)
39,083,354
42,000,928
Balances. .(Liability)
250,026,461
258,577,669
Net balance....(Asset)
Assets not available—
Minor coin
85,230,746;
69,842,S79
113,617'
25,019,973;
55,701
24,327,520
110,364,386!
94,226,169
•
Aggregate net Asset
THE DEBT STATEMENT FOR
JANUARY, 1S8S
The
following is the official statement of the public debt as
from the books and Treasurer’s returns at the close
of business January 31, 1883.
it appears
Character of
Inter't
Issue.
P'y'ble
1891.
Registered.
Q.-M.
4s
1907. Q.-J.
is refdg.certfs. Q.-J.
J.& J.
Sa, pension
DEBT.
Amount Outstanding.
Total.
Coupon.
$
$
192.854,050 37,6 *9,650
620,702,: 50 111,684,850
$
230,544,600
732,447,600
*64,623,512
1476150
14,000,001)
*04,023,512
...
Jan.
mid
LiabUi
INTEREST-BEARING
Prices bid—no sales
Assets
Balances.
Liabilities.
Subsidiary silver coin..
GOVERNMENT RONDS.
1 *2% 1891,
108*2
108*2
Opening..
1 6 m
36 *2
100*8 105
109
114*2
9%
7%
Maryland Coal
13*-
Highest..
70%
112
60
Coal and Mining.
Colorado Coal Sc Lon
Colmii. Sc Hock. Coal.
Consolidation Coal...
Ilomestake Mining...
Marshall Con. Coal..
Philadelphia Co
Pipe Line Certi Heat's
r>q.
35 •"•h
67
1*4
894
»
m
106% 108%
Pacific Mail
4*-$ ,1891,
13
58
88
39
143
171-
The range of Government
in January was as follows:
55
84
36
Wheeling Ar L. Erie..
Express.
Adams
American
United States
67*3
153
110
38
103*8 165
2L5s 237s
pref..
10
10*2
1394
80
63*4
151
110
37
Virginia Midland
Wab. St. L. A. Pac...
Do
pref..
Mo. Kans. & Texas.:.
Missouri Pacitic
94
1*2
47
23
47 7d
25
12
Oregon <fc Trans-Con.
94
135
70
23
22%
18%
9*2
33 *2
1838
17*4
22%
5*2
Mobile & Ohio
Morris & Essex
Nash. Chatt. ScSt. L..
16%
8*4
29*2
15 %
42-8
21*8
45*1
15
Minneapolis & St. L..
824
223
Oregon Short Line..
Oregon Improv. Co..
Oregon R’y 4 Nav.Co.
Michigan Central
82*-
108
215
21
1
December 81, 1887.
Hiqh.
16*2 17%
667b 73
31 Hi
37
102*2 10358
27*2 29*8
61
05*2
39 %
36
pref..
Tenn. Coal 4 Iron!...
Whitcbreast Fuel Co.
Various.
Am.Cotton Oil Trust.
Amer. Tel. 4 Cable...
Consolidated Gas Co.
Del. 4 Hudson Canal.
Mexican Central
Low.
107
Northern Pacific.
Do
pref..
Ohio Sc Mississippi..
Ohio-Southern
47
95 %
91
64 >4
39
96
3%
10*3 8 *2
90
53 Hi
15
87:*8
80
10
18
83 %
52
14
Murq. Hough. Sc O...
Do
pref..
Memphis «fc Chariest’n
January 31,1S88.
Railroads.
N. Y. Cent. & Hud. R.
N.Y.Chic.&St, Louis..
Do
1st pref..
Do
2d pref..
N. Y-. Lack. Sc West,..
N. Y. Lake Erie Sc W.
Do
pref..
N. Y. Sc New England
N. Y. N. II. Sz Hartf’rd
N. Y. Sc North., pref..
N. V. Out. Sc West
N. Y. Susq. Sc West...
Do
pref..
Norfolk Sc Western...
Pacific RRs...
J.&J.
Aggregate
.
878.241.212 149,374,500 1,041,763,002
Int. Due
Accrued
JcUnpaid.
Interest.
$
I
1,729,084
1,508,055 2,441,492
491
51,572
420,000
35,000
57,749
323,117
210,674
*2,302,000 matures Jan. 10,1895; $040,000 Nov. 1. 1895; $3,6SO,000 Jan. 1, 1806
$4,320,000 Feb. 1, 1806; $9,712,000 Jan. 1, 1897; $29,904,952 Jan. 1, 1898; $14,004,560
Jan. 1,1809.
4 87-*3
4 86*3
Aggregate of debt on which interest has ceased since maturity is $2,914,365 ;
Interest due and unpaid thereon, $176,981. This debt consists of a number of
items of which the principal amounts are called bonds, the principal item
4 ,87
4 88
4 86 *3
4 86 Hi
DEBT ON WHIG a INTEREST HAS CEASED SINCE MATURITY.
being $983,200 called 3 per cents of the loan of July, 1882.
DEBT BEARING NO INTEREST.
Amount.
Old demand notes
$50,010
346,681,016
Legal-tender notes
Certificates of deposit
UNITHID STATES TREASURY STATEMENT
10,925,000
.
Less amount held in Treasurer’s cash
Gold certificates
The following statement for January, from the otfice of
the Treasurer, was issued this week. It is based upon the actual
returns from Assistant Treasurers, depositaries and superin¬
tendents of mints and assay offices, and shows the condition of
the United States Treasury January 31; we give the figures
for December 31 for comparison :
4,529,185
2,308.052
4 87*3-8
4 S7L-S
4 87*3-8
4 87VS
.
Less amount held in Treasurer’s cash
Sliver certificates
Less amount held la Treasurer’s cash
Fractional currency
Less amount estimated
as
Aggregate of debt bearing
lost
no
or
destroyed....
Interest
280,000—
125,522,181
20,068,210191,251,570
14,930,517-
15,317,759
8,375,934-
10,645,000
104,853,971
179,321,053
6,941,625
$648,409,805
IMPORTS AND EXPORTS BY PRINCIPAL CUSTOMS
RECAPITULATION.
1,041,763.062
$
6,837,237
2,914,365
170,931
$
Debt on which int. has ceased...
Debt bearing no interest
1,700,191,452
of the debt ...$304,749,024
100,000,000
Less reserve held for redemption of U. S. notes....
cash items available for reduction
404,749,024
..
1,295,441,827
85,230,746
cash items
Total debt, less available
1,210,211,081
1,225,598,401
Debt, less cash in the Treasurj, Fo >ruary 1,188S .
Debt, less cash in the Treasury, a iu.iry 1, 1SSS.. .
15 3S7 320
Decrease
FI; railroads.
pac
Int.
Interest
Principal
Name
of Bail way.
and not
standing.
yet paid.
Cea. Pacific.
25,885,120
Kan. Pacific.
0,303,000
Totals
....
the U.
S.
11.530,443
438,109
2,200,300
8,141
1,903,943
323,117 76.670,441
21,133,022
£
net earnings.
$
658,283
9,852
Balance
By cash pay- of Inter'st
paid by
m}ts: 5 p.c.
*
5,574,933
3,504,402
319,833
9,367
134,578
1,628,320
64,623,512
By Trans¬
portation
Service.
$
129,425 30,441,537
31,515 7,831,143
136,182 3?,311,708
8,000 1,981,808
Uni’n Pacific 27,230,512
Cen.Br. U.P. 1,600,000
West. Pacific 1,970,500
Sioux C. & P.
paid hy
$
$
repaid b y Compaiues.
Interest
accrued
Out
■
00.217.6:35
l^Sr.
of debt since June 30.
6,920
.
.
Ports.
-
3,091,347
648,499,805
7,014.219
1,693,177,232
tricts and
1,04S,600,299
648,499,805
Total debt
December, 1887.
Customs Dis¬
%
the U.
S.
$
24,208,316
4,266,680
20,342,855
1,655,048
2,190,933
1,769,305
•
1,103,019
54,433,199
Imports.
Exports.
Exports.
12 months ending
Dec. 31
12 months ending
Dec. 31.
which $2,815,008 was on
Union Pacific.
$
49.828, 105
$
$
46.810,388
13,055 .885 11,783 ,113
62,: >04 .425 60,342 862 56,066. 816 58,627,028
378, 068
424,263
6.5581.4461
6,143 .514
31,470
738,819
1,692, 658
1,021,581
3,8^4 ,265
3,147 ,944
200,005
68,775
316
635
15.288
17,410,236
481
,073
,566
74,016; 2,050,494
1,950,254
1,597, 782
1,031,922
2,513 12,384 *20l! 11,159 .078
2,208 ,173
2,422 ,79d
207,277
4,373 ,999
4,955,987
2,519 ,040
302,017
2,8521.392
232,854
2,430,081
69 .393
13
160 ,044
8,088, 139
2,551
658 .182 18,810 ,314 10.994,106
786, ,718
88,870 3,724,930
j
510 .392
631,,778
60,681
862,009
782,,821
84.566
1,251 .010
46,484
2,168 ,773
2,014,550
43 ,283
3,327, ,353
78, ,022
4.068'
546,291
8,760 .550 83,977, ,301 81,355,876
10,211, ,368
607.704111 ,2 4<
34,370,929 29,041,505 4* 5.133,.272 437,462 ,297 313,148, 314 318,112,831
+41, ,189
+66,715
+
3,807 .372
3,097 ,698
410,745
80 ,075 14,714, ,404 15,205,920
119 ,262
36,854 2,467,652
16» ,368
1,527,117
1,208, 110
228 ,537
89.477
1,601,100
1,768, ,834
2,578 ,810
94.144
2,319 ,247
108,846
791
1,387,470
463
1,802,
4.s77
163,247
15.538;
4,954 ,053
2,886,665 2,363.898; 39.5*18,,48* 37,997 529| 33,889, 187 33/ 59,574
2,563,023
123
2,424, 564
2,025
999,
40,214
561,018; 1,770,
2,979, 337
! 3,109 ,389
273,164
454
36,050,721
3,396/974 2,711,515 41,603 ,01b 39,o89. 8371 28,607,
355, 48; 23,001, 90v< 21,604,832
181 ,111
38,113 2,755,105
50i
1,734,714
140
1.433
5,592,
5,942
,484
505,889
129,328
0,400,912
357, 719
3,652. 210
32,197
416, 23
604,292
963
5,951,103
941
too,
7,047
138 2.18
9,409
836,718
75'
6,088,176
99
,897
9,0u2
129
473
40,204 1,452,812
t
G9 2,985
Baltimore,Md.
Boston, Mass.
Buffalo Ck.N.Y
Champl’n, N. Y
Charlest’n, S.C
Chicago. 111..
Ctncinnat 1,0.*
Detroit, Mich.
Duluth, Minn.
Ualvest’n, Tex
$
3,983,126
4,018,5071 5,110,688
Milw’kee.Wis.
Minn’s’a,Minn
Mobile, Ala...
New Orl’ns.La
New
York.N.Y
Niagara, N.Y..
Norfolk, Ya...
Oregon. Oreg..
Oswega’ie.N. Y
Oswego, N.Y..
Philadel’a, Pa.
Portland. Me..
St. Louis,Mo.*
San Fran., Cal.
Savannah, Ga.
Vermont, Vt..
VVillamette.Or
VVilmi’g’n, N.C
Yorktown, Va.
Totals,
(i ri¬
el lining alii
52.100,180
ot l.’r Lists.)
3.230.063
798.807.311''J03
429.189 715,320.950 713,404.021
Remaining in warehouse December 3 l, 188(5.
Remaining in warehouse December 31,1S87
Inierior ports to which merchandise can be
IMPORTS AND EXPORTS FOR
The Bureau of Statistics has
DECEMBER.
issued its detailed statement of
of the country for the month of Decern,
her, and the six and twelve months ended with December 31,
1887, as well as comparisons for the corresponding periods of
the preceding year, as follows :
r
For the
month of
Dcccmb r.
1887.- Exports— Domestic
For the G
For the 12
Moiiths ended Months ended
Lee. 31.
Dec. 31.
$71, 963,9251*370,342,173 $703,339,603
1, 267,0381
11,981,353
Total
$78 230,963 $381,930,892 $715,320,956
Imports
52 100,180 351,327,120 708,807,311
$0,>13,015
Excess of exports over imports $21, 130,783 $33,003,772
Excess of imports over exports!
Foreign
1886.-:Exports-Domestic
Foreign
Total
Imports
Excess of exports over
Excess of imports over
5,588,719
$81, 101,021 $379,025,493 $699,519,430
13,884,591
0,707,051
2, 313,303
$85 117,321 *385,793,147 $71 3,404,021
_50 278,102; 334,839,577 663,429,189
imports $20, 139,222
exports!
$50,953,570
$49,974, S3 2
GOLD AND SILVER—COIN AND BULLION.
1887. -Exports— Gold— Dom...
Foreign
Total
Silver—Doin
Foreign.
Total
Total exports
Imports—Gold
Silver
Total
imports
exports
1836.— Exports—Gold— Dom...
Excess of exports over
Excess of imports over
$352,652
125,213
$1,892,859
$477,865
$2,094,158
$10,422,149
$2,944,354
588,549
$3,532,903
$4,010,768
$1,805,276
1,496,453
$3,301,729
$709,039
$299,517
4,871,050
$15,293,205
$17,387,363
$38,893,853
9,244,035
$48,138,188
$30,751,125
$2,506,612
5,830
32,428
$305,347
$1,776,551
1,711,875
Foreign
Total
$3,438,420
Total exports
$3,793,773
$11,655,807
Imports—Gold
Silver
2,027,868
$2,539,010
$7,708,218
0,348,382
$16,595,640
$36,914,627
9,732,740
$13,683,675
$46,647,367
$9,889,902
$30,051,727
Foreign
\
201,299
Total
Silver—Dom...
Total
Excess of exports over imports
Excess of imports over exports
TOTAL MERCHANDISE AND
$14,056,600
$5,091,551
4,164,754
$9,256,305
$19,718,967
7,814,142
$27,533,109
$30,789,414
$44,889,827
16,772,086
$61,001,913
$24,872,499
$32,388,509
8,894,713
$41,283,222
$16,252,347
10,803,629
$27,055,976
$03,339,198
$41,309,181
17,223,405
$58,532,040
$9,806,552
COIN AND BULLION.
For the
month of
December.
For the 6
For the 12
Months ended Months ended
Dec. 31.
Dec. 31.
$75,260,931 1391,657,181 $728,150,121
23.960,249
10,661,074
1,980,800
$752,110,370
$102,318,255
Total
$77,241,731
55,401,909 399,465,608, 770,469,224
Imports
$2,852,647
Excess of exports over imports $21,839,822
$18,358,854
Excess of imports over exports
$748,160,286
$389,240,3231
$86,180,089
1886.—Exports—Domestic
33,582,933
13,148,104
3,031,008
Foreign
*
Total
$89,211,097 $402,388,787 $781,743,219
69,961,777 381,486,944 721,961,835
Imports
1887.—Exports—Domestic
Foreign
Excess of exports over imports $19,249,320
Exeess of imports over exports
$20,901,843
$59,781,384
transported without
of collecting
railroad carg
laud vehicles.
ijtl o it vitrei)!(Commercial gn flUslt glows
[From our own correspondent.]
the foreign commerce
MERCHANDISE.
$32,077,063
$3o,348,620
appraisement, under act of June 10. 18b0.
t Incomplete in the absence of law providing the maans
the statistics of exports to adjacent foreign territory by
and oth
1886.
1887.
1886.
1887.
*
$10,650 cash) $9,185,800, of
account of central Pacific and $6,870,291 on account of
funds held ($9,174,650 bonds and
The sinking
DISTRICTS.
Imports.
Total.
Interest.
Principal.
Less
155
THE CHRONICLE.
18£8.]
February 4,
London, January
21, 1888.
receipt
of tenders
for £10,000,000 Local Loans three per cent
stock.
The whole amount offered was subscribed, but the
mere fact that the whole of the tenders were accepted is evi¬
financial event
The
of the
dence that the rush for the
week
has been the
stock has not been so great as was
expected.
stock
were, made at an average or £101 10s. 7d. per cent,
and of
reduced and new three per cent at about £1015s. lid. per cent
These rates vary little above the minimum, which wa3
£101 15s. per cent for consols and £101 5s. percent for reduced
and new three per cent. Previous to the receipt of the tenders the amount of the stock quoted in the official list was
£20,558,959, and with this new issue it is presumed that the
Tenders of consols for exchange
for the Local Loan
authorized amount of £37,200,000 has
been completed.
ascertain the
public in regard to a re-arrangement of the in¬
terest on the national debt is regarded rather in the light of a
failure, and it is whispered that when his budget is placed
This
attempt
on
the part of Mr. G jschei to
views of the
before the House of Commons it will
any
sucli
measure;
contain
no
reference to
but those who put forward this asser¬
have but little knowledge of Mr. Gosclien. He is
not the man to be easily turned aside from the course
lie lias made up his mind to pursue.
That an attempt will be
made to reduce the interest is, in well-informed circles,
tion,
can
certain, hut there is some difference of opinion
procedure.
The tendency is now, and has, indeed, been for some time
past for consols and all sound guaranteed investment stocks
to improve in value.
Consols during this century have never
before been so high as they were last week, when they marked
with the dividend just paid. We have had an instance
103
this week of the welcome awaiting what are regarded as
sound issiles.
In the short space of two hours Messrs. Baring
Bros, received applications for some £5,000,000 for an issue of
£750,000 of 5 per cent first mortgage bonds of the Canadian
Pacific Railway, which were offered at 93^2 percent, but were
at once quoted at 100.
The Bank of England has further reduced its rate of dis¬
count from 3}£ per cent, at which it was fixed a week ago—
the rate having previously to that been 4 per cent since Septem¬
ber 1—to 3 per cent.
Considering the condition of the money
market, and the fact that even at the reduced rate the Bank
s still underbid to the extent of fully 1 per cent, it is hard.
regarded
as
as
to the mode of
156
THE CHRONICLE
to understand
why the full movement was not carried out
some early improvement in the
demand for money, a further decline may occur. The revenue
collections should, however, now begin to tell upon outside
balances. The payment of the income tax is especially heavy
this quarter, and as this revenue is swept into the coffers of
the Bank of England, it will give that institution a stronger
hold over the open market. Following the movement at the
Bank of England, the joint stock banks and discount houses
have reduced their rates of allowance % per cent, the former
giving 13^ per cent for money at notice and the latter 1% per
cent for money at call and
per cent with notice.
The
weekly Bank of England return was favorable. The reserve
gained £723,571, making the total £13,050,000, and the pro_
portion to liabilities has increased from 40*16 to 42*35 per cent.
There are no borrowers of loans just now, and the price is
nominally 1 per cent, while the discount rate for three months
bills is weak at 1% percent.
The rates for money have been as follows:
last week.
Unless there be
Interest allowed
for deposits by
Open market rates.
Bank Bills.
Trade Bills.
London
Three
Dec. 16 4
23
Jan.
Disc't IVse.
Joint
4
S0( 4
6(4
3
'Three
Four
Six
At
Stock
7 to 14
Banks, Call. Days.
zm
-
3^0394 3M@3^
~~2%“
2%®
~
SX®3M3}4®394
2%
2%
2%
2m
2%®
2%&
2**®2& 2m
-
df.2^'2m
-
—12 @
—
3M@3H
3}4@SH
2 m - 3^@4
2m - 2Ma3&
20- 2m3H
-
2
2
13. 3% 2
20
Six
Four
Months Months Months Months Months Months
&
\lH® -\im
-
-
—
&
3M@4 |3M@1
2HU3]4 2H@3X
2)i®3\i 2%@SlA
2M®3 12^3
-'2^-53
2% 2H-2H
2% 2H 2H
2% 2%-2H
2
2
I2M-2M
1% 2
-2
The
following return shows the position of the Bank of
England, the Bank rate of discount, the price of consols, &c.,
compared with the last three years :
J[Yol. ZLVI,
Branch) 5 per cent first mortgage bonds, the issue price being
9834 Per cent. The bonds, which mature on 1st July, 1937,
have the direct guarantee of the railway, and have further a
first mortgage on the Algoma Branch.
The list was only
kept open for two hours, and in that short interval over
£5,000,000—that is more than seven times the amount re¬
quired—was subscribed.
The wheat trade has been rather deficient in animation, the
tone ^having been dull, notwithstanding the cold weather.
Imports have not been large, nor have importations been at
all excessive, but supplies. available have been ample for al*
requirements. Business has throughout progressed slowly,
but prices, though at times disposed to be weak, have not
actually receded. There does not appear to be that belief in
an early speculation for the rise which it was
thought would
be warranted by the actual results of last harvest, and the
improvement is not nearly so decided as was hoped for. The
Imperial average for the past week is certainly higher than
it has been for the season so far, being 31s. 4d. per qr., but
for the corresponding week last year it was 36s. 3d. per qr.,
or nearly 5s.
per qr. higher.
The average for the twenty
weeks of the season is only 30s. Id., against 32s. Id. per qr.
last season—hence it is very clear that the farming interests
have not up to the present had much to congratulate them¬
selves upon,
Current values are certainly some 2s.6d. per qr*
above the lowest touched since September 1 last, but a heavier
improvement was calculated upon before this.
The following shows the imports of cereal produce into the
United Kingdom during the first 20 weeks of the season, and
other items compared with previous years:
IMPORTS.
Wheat
cwt.
Barley
1887.
Circulation,
excluding 7-day and
£
other bills...
23,820,290
Public deposits
Other deposits
5,091.104
...
1880.
1885.
1884.
£
£
£
24,068,685 24,303,630 24,347,535
4,189,850
3,649,000
4,885,708
23,717,053 27,024,389 25,148,684
15,181.805 15,940,015 13,053.605
Reserve of notes and coin
Coin and bullion
25,507,095
10,339,304
19,285,841
13,049,550
20,075,840
Reserve to liabilities
42*35 p. C.
11,711,0:43
20,029.718
41% p. c.
3 p. c.
5 p. c.
Government securities
Other securities
Bank rate
Consols
19,099,000
20,908,599 21,448,528
12,400,050 13,016,462
20,953,090 21,013,997
39% p. c.
43% p. c.
3 p. c.
The Bank rate of discount and open market rates at the
chief Continental cities now and for the previous three
weeks
have been as follows:
1886-7.
1885-6.
1884-5.
18,704,982
9,702,676
6,453,296
976,798
977,933
9,165,253
6,122,901
21,201,632
18,938,722
7,728,042
6,878,490
1,420,439
946,862
9,232,955
7,524,276
corn
Flour...
6,075,471
4,466,973
4,525,462
889,695
1,518,061
7,243,712
920,930
1,321,782
10,349,976
4,906,290
5,973,995
Supplies available for consumption (exclusive of stocks
September 1):
1887-8.
on
1886-7.
1885-6.
1884-5.
Imports of wheatewt. 19,662,750
18,704,982
21,201,632
7,524,276
Sales of home-grown. 17,105,541
6,122,901
14,549,088
17,074,056
18,938,722
5,973,995
18,987,732
44,292,567
39,376,971
43,181,978
43,900,449
Imports of flour
5p.c.
101
100
102%
140,644,000 139,415,000 120,033,000 104,911,000
Clearing-House return
Oats
Peas
Beans
Indian
1887-8.
19,662,750
8,021,719
Total.
1887-8.
Aver,
Aver,
price wheat
price wheat
week. 31s.
season. 30s.
Easlisb
Financial
4,906,290
1886-7.
4-d.
Id.
1885-6.
3d.
Id.
36s.
32s.
1884-5.
29s. lOd.
30s. 9d.
2d.
2d.
3 4s.
32s.
Harkets-Per
daily closing quotations for securities, &c., at London,
reported by cable as follows for the week ending Feb¬
The
Jan.
are
20.
Jan. 13.
Jan.
6.
Bates of
Interest at
Dec. 30.
Open
Bank
Open
Bank
Open
Bank
Bate.
Market
Bate.
Market
Bate.
Market
Bate.
Open
Market
3
2%
3
3
3
1%
3
2%
Paris
3
Berlin
S
3
2%
1%
3
2%
1%
Frankfort
8
1%
3
1%
3
2
3
Hamburg
3
3
1%
3
2%
2%
234
2
Brussels
3%
3
23*
33-fc
1%
234
3
Amsterdam
1%
234
3
3%
3
3%
2%
234
3%
Madrid
4
4
4
4
4
4
4
4
Vienna
4
4
434
4%
4%
4%
St.
5
3%
5%@6
5
5
5
5
3
3
3
3
3
3
3
Petersburg..
Copenhagen
Messrs.
ruary
Bank
3%
5%i".0
5
3
Pixley & Abell write
as
follows
on
,
V.
3.
Sat.
London.
Silver, per oz
d.
Consols for money
Consols for account
Fr’cli rentes (in Paris) fr.
U. S. 4*28 of 183)1
U. S. 4s of 1907
Canadian Pacillc
Chic. Mil. & St. Paul....
Erie common stock
Illinois Central
Mon.
TTYtf.
T/nirs.
Fri.
443s
44 %
444
44%
443]g
44%
1021316 102% 0 102%
102111(J 1029,6 1027,3
102l3lo 102518 10215% 10211,3 10211,3 102%
81-45
110%
1291s
60%
81-42% 81-42% 81-70
11 1
110%
HO%
129 4
129%
129%
60%
79
78%
2938
123
29%
124
56%
56%
33 78
New York Central...— 111
34%
111
Pennsylvania
Philadelphia & Reading.
Tues.
the state of the
59%
81-52% 81-40
111
110%
130
59%
78%
130
59%
78%
58%
78%
28%
284
124%
78%
28%
1244
56%
28%
124%
56%
34 4
34 %
124%
56%
34%
110%
110%
110%
56
34%
110%
bullion market:
Gold—A strong demand exists for Holland, and such small amounts
have come to hand have been readily absorbed for that
quar¬
ter. £58,000 has been withdrawn for
Portugal, and £15,000 sovereigns
from China lias been paid into the Hank of England. Arrivals £12,000
from South Africa, and £6,000 from West Indies; total,
£18,000. Ship¬
ments— £14,600 to Bombay.
Silver—A recovery from 44 5-1 Od. to 44 7-10d. took
place on Monday,
in consequence of special requirements and better rates from the
East;
but with the allotment at Is. 5d. on Wednesday, a
relapse took place to
the iirst quotation, and the market closes steady at this
price. £73,000
has arrived from New York and £12,000 from Chili;
total, £85,000.
£162,000 has been shipped to India.
Mexican Dollars—Transactions took place at 43%d.
during the week,
but in consequence of the lower price for silver, the rate to-dav is 43lid.
nominal.
©cmxractxial anti HUsceUaueous Hems
as
The
quotations for bullion
are
reported
GOLD.
as
Jan. 19.
s.
Bar gold, fine....or.
Bar gold, contaln’g
20 dwts silver..oz.
77
-d.
9%
Jan. 12.
s.
d.
77
9%
10%
77
10%
Bar silver........oz.
Span.doubloons..oz.
ing 5grs. gold..oz.
Cake silver
oz.
B:Am.doubloons.oz.
Mexican dols
Messrs.
an
issue
Baring, Bros. & Co.
of
and
From previous
Jan. 19.
Jan. 12.
d.
d.
44 5-16
44
7-16
months, and in that manner complete the statement since the
beginning of the fiscal year for 1887-88 and 1886-87.
oz.
43%
Cus-
lnter’1 Misc'ls
Bev'uc Sourc's
S
9,768
October
18,215
22,087
20,799
19,596
10,850
10,142
10,829
November
15.742
9,881
December
15,420
18,270
10,602
9,401
Total 7 months. 130,735
71,773
July
September
47 13-16
4334
.1846-7.
toms.
%
August
44 11-10
we are
disbursements for the month of January.
returns we obtain the figures for previous
Iteceipts.
receiving subscriptions for
£750,000 Canadian Pacific Railway (Algoma
are
receipts
:
Bar silver, contain¬
77
enabled
place before our readers to-day the details of Government
to
000s Omitted.
London Standard.
Expenditures.—Through the
courtesy of the Secretary of the Treasury,
1887-8.
follows
SILVER.
London Standard.
Government Revenue and
January
Total.
1
j
Customs.
Inter'l Misc'ls
.
i
$
9,480
2,019
*
*
30,815 j 17,899
35,018
21,193
33,860 f 20,080
j
9,990
9,400
3,414
3,505
3.038
33.83J
10,758
29,128 ! 15,087
29,000
10,3321
9,479
3,090
30,773
$
2,832
2,081
lotal.
Bev'ue Sourc's
9,581
9,541
17,021
8,780
20,585 223,093 124,370
66,HI 4
?
2,258
2,439
2,141
3,301
3,418
2,747
2,595
$
29,037
33,622
31,687
29,538
28,080
28,023
28,890
18,899 209,589
Disbursements.
organized since last advices
000s omitted.
Ord>-
Pen¬
Int. &
•nary.
sions.
Pvems.
July
August
.
>
>
October
November.
December
January
|
i
10,500
35,137
23,717
2,329
12,047
36,805
9,572
18,288
518
28,378
10,381
12,210
19
826
2,580
8,831
21,867
14,759
10,948
22,429
*
11,448
12,980
34,178 163,8811
80,2931 49.410
Total 7 months.
Total.
*
8,933
1,269
S
September
33..883490——TThhee
following national banks have been
National Banks.—The
1830-7.
1887-8.
157
CHRONICLE
THE
4, 1888. J
February
Ordi-
Pen¬
Inter¬
nary.
sions.
est.
$
9,843
19,535
14,385
12,042
11,078
12,730
13,323
$
10,871
7,775
3,276
93,530
8
8,689
1,599
2,922
6,895
1,463
3,577
8,095
524
12,517
2,177
1,967
Total.
$
29,403
28,909
20,583
19,401
25,058
18,484
23,385
33,240 165,883
39,107
Banks.—The following interest¬
Bonds Held by National
ing statement, furnished by the Comptroller of the Currency,
shows the amount of each class of bonds held against national
bank circulation and to secure public moneys in national bank
We gave the statement for Jan. 1
25, and by referring to that
depositaries on Feb. 1.
in Chronicle of Jan. 7, page
the changes made
during the month can be seen.
:
Spokane National Bank of Spokane Falls, Washington Ter¬
William H. Taylor, President; W.
ritory. Capital, $60,000.
Hussey, Cashier.
First National Bank of Mt. Pulaski, Illinois. Capital,
$50,000. John Lincoln, President; Charles W. Lincoln, Cashier.
Miami Valley National Bank of Hamilton, Ohio. Capital,
$100,000. Peter Murphy, President; F. S. Heath, Cashier.
The Union National Bank of Duluth, located in the City of Duluth,
Minnesota, has changed its title to the Duluth Union National Bank.
Certificate authorizing change dated January 25, 1888.
Imports and Exports for the Week.—The
Description of Bonds.
3s, Act July 12,1882....
Currency 6s
4^ per cents
4 per
cents
Total
Total Held.
in Banks.
Circulation.
$245,000
966,000
15,065,700
40,142,300
$131,500
3,156,000
69,250,550
110,316,000
$376,500
4,122,000
84,316,250
150,453,300
$56,419,000
$182,854,050
$239,273,050
Coinage by United States Mints.— The
ment, kindly furnished us by
the coinage at the
of January, 1888:
following state¬
the Director of the Mint, shows
Mints of the United States during the month
|
1885.
5,132,423
$3,191,842
5,017,267
$7,419,703
$7,933,751
$7,529,145
$8,209,109
$8,875,086
18,984,584
$9,410,164
21,609,204
$11,159,704
21,775,573
$12,393,742
24,827,550
$2,801,328
5,347,430j
Total
Since Jan. 1.
Geu’l mer’dise..
Total 4 weeks..
$27,859,670! $31,019,368 $32,935,277 $37,221,292
In our report of the dry goods trade will be found the im¬
ports of dry goods for one week later.
The following is a statement of the exports (exclusive of
specie) from the port of New York to foreign ports for the
week ending January 31, 1888, and from January 1 to date:
EXPORTS FROM NEW YORK.
January.
Eagles
r.
Half eagles
Three dollars
For the week....
Prev. reported..
$7,153,161
$5,745,3271
22,588,154|
17,519.189,
Total 4 weeks..
$29,741,315
$5,028,454
$23,650,238
$23,619,678
305,000
following table shows the exports and imports of specie
port of New York for the week ending January 23, and
3,210,000 since January 1 and for the corresponding periods in 1887
$23,264,516
18,591,224
The
at the
Total gold
Btandard dollars
Half dollars
2,700,000
2,700,000
615,654
61,535
3,315,654
2,761,565
1,434,000
71,700
5,497,500
54,975
6,931,500
126,675
and 1886.
EXPORTS AND IMPORTS OF SPECIE AT NEW YORK.
__
Quarter dollars
fiimes
Total silver
Five cents
Three cents
One cent
Total minor
Total coinage
10,552,154
.r.
6,098,240
Exports.
Week
Germany
Amount
$2^1,800
155,324
640,157
Legal Tender Notes—
Amount
on deposit to redeem national bank
January 1, 1888
$102,962,519
$3,783,02^
4,945,895
Amount deposited during January
Amount re-issued & b’nk notes retir’d in Jan.
deposit to redeem national bank
February f, 1888
Amount
1,162,867
on
•Circulation of national gold banks, not
$101,799,643
'
included above, $225,309.
According to the above, the amount of legal tenders on
deposit February 1 with the Treasurer of the United States to
redeem national bank notes was $101,799,643. The portion of
deposit made (1) by banks becoming insolvent, (2) by
banks going into voluntary liquidation, and. (3) by banks re¬
ducing or retiring their circulation, was as follows on the first
this
of each of the last five months
Oct. 1.
Deposits by—
Insolv’t bks.
$
829,786
Liquid’g bks.
7,913,748
:
Nov. 1.
$
958,902
7,792,493
Red’c’g undr
Dec.
1.
$
879,949
7,536,390
Jan. 1.
$
851/32
7,443,086
Feb. 1.
$
815,868
7,328,109
act of ’74.*
93,977,287 93,834,812
93,369,883 94,668,392 93,655,606
Total
102720821 102586207
101785322 102962510 101799643
Act of Jupe 20,
1874, and July 12, 1882.
$441,243
$113,188
515,881
2,263,604
Week.
$273,200
10,000
Great Britain
France
Germany
ainceJan.l.
15,044
32,417
$262,929
3,107,000
219,435'
815,256
Imports.
20,872'
Week.
Since Jan.l
$
$1,013,530
1,439
30,600
1,900
7,513
380
West Indies
Mexico
South America
All other countries...
33,214
2,134
72
560
9,500
Exports.
2.535,386
$1,718
178,102
4,556
67,019
8,638
59,000
Silver.
954
5,000
$288,200
212,80<>
Total 1888
Total 1887
Total 1886...
$265,632,843
outstanding February 1,1888*...
$
1,248
356,138
222,800
West Indies
Mexico.
South America
All other countries...
Total 1886
$268,168,231
$8,200
Since Jan. 1,
98,500
February 1.—The Comptroller of the Currency has furnished
the following, showing the amounts of national bank notes
January 1, together with the amounts outstanding February
1, and the increase or decrease during the month; also the
changes in legal tenders held for the redemption of bank
notes up to February 1:
$2,416,929
4,952,315
Week.
France
us
1888
Since Jan. 1.
$
Great Britain
Total 1888
Total 1887
National Bank Notes—
Amount outstanding January 1,
Amount issued during January
Amoimt retired during January
Imports.
Gold.
Changes in Legal Tenders and National Bank Notes to
•
$5,919,566
17,730,672
,
Quarter eagles
notes
1888.
|
121,000
112,000
Collars
notes
1887.
|
$
1,440,000
1,210,000
560,000
72,000
eagles
1886.
1885.
Value.
Pieces.
1888.
$2,612,399
4,916,746
$2,072,273;
Dry Goods
j
1887.
1886.
|'
Dry Goods
Gen’l mer’dise..
Denomination.
Double
NEW YORK.
1,1888, to Secure—
Bank
Deposits
a
ceding week and $10,489,610 two weeks previous. The exports
for the week ended January 31 amounted to $5,028,454,
against $6,960,582 last week and $4,949,847 two weeks previ¬
ous.
The following are the imports at New York for the
weekending (for dry goods) January 26 and for the week
ending (for general merchandise) January 27; also, totals
since the beginning of the first week in January ;
For Week.
Public
week, show
decrease in both dry goods and general merchandise. The
total imports were $8,209,109 against $10,666,005 the pre¬
FOREIGN IMPORTS AT
TT. S. Bonds Held Feb.
imports of last
week, compared with those of the preceding
314,773
3,893
35,533
1,958
5,671
3,678
9,540
29,86 i
74.307
$1,059,628
$38,328
$125,801
148,886
71,948
19,865
602,945
1,505,058
55,262
for the week in 1838, $5,473 were
$5,411 American silver coin. Of the
exports duriug the same time $50,000 were American gold
Of the above imports
American gold coin and
coin.
United States Sub-Treasury.—The
following table shows
this city, as
past week :
the receipts and payments at the Sub-Treasury in
well as the balances in the same, for each day of the
Balances.
(
Date.
Jail.
Receipts,
i ray m cuts.
$
651,524'
1,050,752!
1,401,3541
28
“
30
31
Feb.
1
“
1,070,856:
Coin.
$
1
$
910,845 132,8*97,734
1,270,538 132,939,581
1,163.272 132,866,241
1,403,485! 132,722,675
“
2
3,094,890'
1,211,065 132,664,008
“
3
1,253,228 i
1,319,489,132,493,973
8,522,604]
7,278.694'
Total,
i
Coin
Cert's.
$
8,180,221
7,883,481
8,187,226
8,085,229
9,999,333
9,969,388
Currency.
$
10,944,593
10,979,700
10,987,376
10,900,310
10,928,(598
11,062,418
—The Farmers’ State Bank of Augusta, Kansas, offers fo
sale mortgages on farms in their own county (Butler) in sum
varying from $200 to $1,500 and upward.
These loans ar
made only after personal inspection by the bank’s officers, n
agents b-ing emi loved.
Mr. Henry A. Crosby of No. 3
Nassiu Street (room 505) is the exclusive Eastern agent fo
these loans, and
will give all information concerning
them.
rTHE
CHRONICLE
1952, being part of a total is^ue of $15,000,000, secured by a
deposit of 5 per cent fi<st mortgage gold bonds, not exceed ieg $20,000 per mile, nn 850 miles of completed railroad, of the
total par value of $16,350,000. The bonds are offered at 1003^
per cent, to be paid for on April 1st next, or, at purchasers’
option, before tnat date under discount at tbe rate of 4 per
cent p°r annum.
The subscription will be opened at 10
o’clock February 7th.
—The Union Mutual Life Insurance C \ of Portland, Maine,
has issued in pamphlet an elaborate report covering the year
1887, being the 38th >ear of the company’s existence. The
comparison made with previous years shows a steady and'
solid growth.
The assets are $6,017,801; the income for the
year, $986,445; payments to policy holders, $743,633.
The
pamphlet contains the complete text ot toe Maine non-for¬
feiture law, as amended by the last Legislature, and in refer¬
ence to which the directors say:
“The law as amended will
undoubtedly prove to be one of the most popular and bene¬
ficial laws ever enacted, and when known and fully under¬
stood will add to the popularity of the company, and to the
ease of securing business by its agents.”
—In another part of the Chronicle will be found an extract
at some length from the Investment Circular of Mr. Chas. T.
Wrng, of 13 Wall Street. Mr. Wing’s circulars, issued
monthly, or as often as found desirable, are particularly use¬
ful for investors in giving very precise and detailed informa¬
tion about special issues of bonds.
Nothing can bs more
legitimate in any business circular than the conveying of
definite information, and parties having bonds to buv will find
it desirable to keep a file of Mr. Wing’s circular in their office
or private library.
The specimen published to day furnishes
a good
sample of the style of Mr. Wing’s circulars whenever
issued.
—Messrs. Taintor & Holt offer at par and accrued interest,
subj-ct to advance without notice, $500,000 of the 1st mort¬
gage 6 per cent bonds of the Kansas City Water Co. due
1907.
These bonds are part of a 1st mortgage of $900,000
placed upon the property, real estate, franchises and privileges
of the company.
The works are operated by the National
Water Works Co., under contract providing that the net
revenue per year shall not be less than $54,000, which is
equal
to the interest upon the entire loan.
—Messrs. John II. Davis & Co who are offe-ing for Fale the
bonds of the Columbus & Hocking Coal & Iron
Company,
Banks.
Loans and
Discounts.
the divisional and consolidated bonds of the company and when
8.910.000
9,232.000
7.328.900
8,123,000
ll,056,20o
2.914.000
7.513.100
2.604.400
18.928.700
America
Phenix
City
:
Tradesmen’s
^Chemical
Merchants’ Exch.
Gallatin National.
Butchers’ & Drov.
Mechanics’ & Tra.
Greenwich
Leather Manuf’rs.
Seventh Ward
State of N. Y
Americ’n Exch’ge.
Commerce
Park....
N orth River
East River
Fourth National..
Central National.,
second National..
Ninth National....
981.800
306.200
3.621.200
2,912,000
2,785,490
2,6-^2,400
4,264,300
494.200
756.700
761.900
300.400
165.300
12.300.500
1.329.900
15,140.000
7,343,000
3,358.000
5,132,000
2l.Oo6.200
4.834.500
1.455.600
Bowery
N. Y. County
2 419,» 00
1.980,100
2.521.700
6.625,000
3.687.900
2.369.700
2,356, ;00
4 IS',500
2,359.800
2.179.200
1,4 58,400
3.712.400
German-Amerio’n.
Chase National
Fifth Avenue
Exch’nge.
Germania
United States
Lincoln
Gar Held...
Fifth National
B’k of the Metrop.
West Side
Seaboard
Sixth National....
Western National.
211,600
1.024,000
523,000
819.500
156,000
277.500
3,618,000
1,458.000
616.000
1.606.900
3,013,800
445,000
*45,6*00
983*7*0*6
35,900
81,000
180,000
45,000
4.138.000
0.047,200
38,000
45,000
430.400
1,938.200
342,000
19.287.200
6,100.000
129.600
1.231.500
2.530.100
2,593.000
2,312.000
200.400
7,650.900
67,500
228 700
97.200
658.. 00
.
6?,800
655.200
196.200
690.300
1,952.800
698.100
108.100
186,000
41,800
222,500
180,000
3,080.600
3,098,800
374>00
97.200
2,072,000
157.400
3,071.400
2,':97,O0U
1.647.100
45,000
43,800
45,000
133,500
4.574.200
2 070.600
2.913.600
2 020.4 00
6,8 j 8,100
40,800
180,000
45,000
4.497.100
218.600
17 6,900
363,000
243.100
193,100!
120,000
1,07 6,9 001
34,512,0(to'378>247.P()
7,579,70
Sales.—The following were sold this week at
Messrs. Adrian H. Muller & Son :
•
(100 percent paid)
11 Republic Fire
Ins. Co.
(92 per cent paid)
5 St. Nicholas Nat Bank..
15 Phenix Nat. Bank
7 Nassau Nat. Bk., Br’klyu.
9 Merchants’ Ins. Co......
12 Howard Ins. Co
25 Jefferson Ins. Co
8 American Ins. Co
Brooklyn
»
$10
200
40
50
175
Shares.
Tron Cliff’s Co
$55 per sh.
A nun*. Loan A Trust Co
100
Home Ins. Co
125S>12511
Gt. Western Ins. Co. ($30
.
paid)
$3 per
104 Mercantile Mutual Ins.
Co
$1 per
25 First Nat. Bk. of Yadey
.
City, Dakota
3,100 Denver
RK.
Co
A
120
IdOU
242
75
00
103 **2
150
sh.
sh.
G2
87*4
20 Montauk Ins. Co
Land
$7'50'$$8 per sli.
Boh ds.
$5,000 Third Ave. RIL, 7s,
coupon. 1890
104Aint.
$5,000 Third Ave. RR., 7s,
reg., 1890
1037s A int.
$5,000 Central Gas Light Go.,
Cert
$27
Academy of
tickets)
110
Music (with 2
compltted the entire interest charge of the C. I. St. L. & C.
will be reduced from $460,000 to
$400,000 per annum. See
3,458,000
6,r>F5,800
6,501,000
683,100;
4832-00
2.170.100
1,411,COO, 21,75 >.900
2,115.500 24.243.500
163,800.
1.979.400
95,500
1,457,300
2,159.400 16,*3!,<00
1,131.000
8,161000
-
Shares.
20
437,300
495,300
356.068,100 83,31)3,800
45,000
40,700
46,000
3.100.700
3.156.500
330,800
193,000
544.900
552.700
45,000
4.400.100
1,72-5.100
474,000
1.171.600
1.775.600
*42*200
315.0001
1,126,800
8.492.300
3.826.300
2.326.500
45,000
891,500
254,00i.
4.281.600
6,191.500
90,800
1.144.100
694.500
649.500
261,000
727.500
291.500
647.500
437.000
534,800
3 041,000
4 86.600
271,000
70,300'
212.900
100 N. Y. Equitable Ins. Co.. 140
210 Brooklyn Gas L. Co. 102 « 102t-2
4 Pennsylvania Coal Co... 271
20 Northern Gas Light Co..
-13
220 Central Gas Light Co
58
25 Harlem Bank
$10 lot
000 Harlem Br. Morrisania A
Fordham R’w’ayCo
100
20 Associated Fanciers
$3
40 Manhasset Bay A Port
Morris .Steam Nav. Co.. $1
150 Brooklyn City Kit...
120
2 Continental ins. Co
175
2 Meicantile Ins. Co
04
3 Montauk Ins. Co
*7
0 Nassau Ins. Co:
140
71 Firemen’s Trust Ins. Co.
■
14,749,000
2.959.100
1.981.700
Fli nt National
Third National....
N. Y. Nat. Exch...
*2*000
528,900
44,300
11.494.700
4.322,« OO
2.050,000
12,698,400
18.220.700
Oriental
Importers’ & Trad.
1.1 15,400
2.547.400
1.426.700
2.917.800
12.747.200
6.368.100
7,939 400
2.713.700
8.732.600
5,064,400
2,037,£00
558, ’00
455.500
108.700
507.200
85,400
520.100
251,600
2,287,000
243,900.
1.893.100
1,031.800
90,000
4.250.700
1.912.800
335.200
694.400
695.200
260,000
3.920 400
93.800
1.072,400
1,230,000
45,000
2,338.000
21,992,100
120.700
298.400
5.827.200
7.885.400
2,216,000
1,982,000
3.VC8.000
6,256,7u0
Continental
Auction
auction by
120,COO
112.900
572.800
323.200
309.100
..
.
11,268.700
2,081.000
1,318.300
Peoples’
Citizens’
Nassau
Market & Fulton.
St. Nicholas
Shoe & Leather...
Corn Exchange...
919.000
111,600
51J, 100
8.603.300
4,592,000
1.887.500
2.686.100
Irving
11.133.500
3,0v 0.000
417.900
710 200
115.900
293.000
369,000
45,000
7.544.200
7,384,000
1,480,-00
439.100
$
9,660,000
10.329.000
712.700
151.000
3.571.600
3,857.300
Republic
Circula¬
tion.
$
1,130.000
421,000
832.400
1,282.000
3.420.000
Chatham
Total
575.700
than U.S.
14,991.000
16,081.800
Broadway
German
817.000
5.616.900
493,409
0,921,600
1,139,000
3,041,400
1.390.100
Mercantile
Pacific
North America.
Hanover
2,858.000
1.676.900
1,202,000
3.116.900
2,034.000
other
lenders.
$
1,900.000
3.422.100
5.437.700
1.893.400
Net Deposits
Legal
Specie.
$
New York
Manhattan Co
Merchants’
Mechanics’
,
recently made a detailed and critical examination of the
property and affairs of this company with a view of ascertain¬
ing the security of the first mortgage bonds now listed at the
Stock Exchange. The result of ihe investigation by tin's wellknown house is given in their circular published on another
page under the title of Reports and Documents.
—Attention D called to the January, 1888, statement of the
Lombard Investment Company in to-day's Chronicle. This
statement, upon comparison with July, 1887, shows a large
increase both in reserve and surplus. The directors
recently
declared a stock dividend of 15 per cent and a cash dividend of
5 per cent, payable Feb. 1st, 1888.
The company reports doing
an extensive business in New
England, especially in Boston.
—Messrs. J. &W. Selignnn& Co. offer at 101% and interes
$4,000,000 5 per cent general mortgage bonds ot the St. Louis
6 S m Francisco R R. Co. The Messrs. Seligman took the entire
amount, $7.144,000, which were recently issued to retire a like
amount of Sou h Pacific 6 per cent bonds
coming due in July,
and the retirement of which will effect an annual
saving of
$71,445 in the St. Louis & S tn Francisco’s interest charge.
Full particulars will be found in our
advertising columns.
—Messrs. Drexel, Morgan & Co. offer the new” 4 per cent
general mortgage bonds of the Cincinnati Indianapolis St.
Louis & Chicago Raihvay^Co. This is an issue made to convert
fToL. XLVI.
Average Amount of—
—Meesrp. Speyer & Co. of this city, in conjunction with
Mesere. Sp yer Bros., London; Mr. Laz. Speyer Ellissen,
Frankfcrt on the Main; Messrs. Boissevain Bros, and Messrs.
Teixiera de Mattos Bros., administration office of American
Bailroad shares, Amsterdam, offer for subscription $5,000,000
Illinois Central Railroad Company 4 per cent gold bands of
1
158
51
$3,000 N. Y. Pittsb. A Chic.
R’way Co., 1st M., series A,
1921
$25 per bond.
$200,000 Denver RR. Land
A Coal Co., 1st M., (5s, 1907.
15
$150,000 Denver RR. Land
A Coal
Co., 1st M., ()S, 1907.
$150,000 Denver RR. Lao d A
Co., 1st M., (is, 1907
.
40h*
51
.
^lauhtag and Jftnanctal.
advertisement in usual columns.
—The Mutual Benefit Life Insurance Co., Newark, N.
J.,
has issued this week its 434 annual statement. The
company
has had a prosperous year; the income whs
$7,004,663 and
€,289 new policies were issued, covering $16,078,821 insurance.
The surplus is $2,095,744.
WM. EDWARD COFFIN.
COFFIX
Loans.
Specie.
*
9
J’n.14 139.127.500
“
“
Deposits.*
$
8.705.300
21 139.921,200
28 140.642.100
L. T’nders.
9,011.300
8.906.300
$
Jan.
“
“
14
21
28
Loans.
9
6.535.10',;
3,734,600 107.177,100
L2.60 » 901
0.504,500
76.060.243
Lawful
Mon’y
as
85.597,370
Deposits.*
Circula’n
Agg.Cl’ngs
$
9
9
85.802.500
$
23,512.100
$
85.724.500
85,679.600
2,27 7.870
23,243,000
23.668.400
84,397,700
*4.004,SOU
83,989,800
2,283,870
62,501,64 3
61,890,579
57,276.630
2,292.290
Addition of the Associated Bants of New York City for
the
ending January 23, 188 8:
STANTON,
STREET,
NEW
VOUK.
NEGOTIATE
State,
Municipal,
Railroad*
Water
and
Gas
Bonds*
MONEY ADVANCED ON MARKETABLE SECURITIES.
follows:
New York City Banks.—The following statement shows the
waek
WALL
*
6,658,900
3,989.900 1U7.9'. 8.900
been
11
Agg.Cl’ngfc
3,618,100 108.126,000
Philadelphia Banks.—The totals have
1888.
Circula’n.
&
BANKERS,
Boston Banks.—Foil owing are the totals of the Boston banks
1888
WALTER STANTON
SPOKAXE & PALOUSE
(NORTHERN PACIFIC)
FIRST MORTGAGE (> PER CENT GOLD BONDS,
FOR SALE BY
EDWARD SWEET &
38 BROAD STREET,
FAII1VESTOCK &
2
WALL STREET.
CO.,
CO.,
THE
fa f
I JFebruary 4, 1868.]
CHRONICLE
gtmtes' (® alette.
The following dividends have recently been announced :
Per
Cent.
Company.
When
Payable.
Books Closed,
(Days inclusive.)
Railroads.
Chicago & Alton, common (quar.)
do
do
pref. (quar.)
Detioit Lansing & Northern, pref.
Marq. H. & Ontonagon, pief
Mch.
Mcli.
Feb.
Feb.
15, Feb.
34
Feb.
10 Feb.
3
Jan.
311
2
*>
313
1 Feb.
1 Feb.
15 Feb.
16
16
4
9
to
to
to Feb.
to Feb.
13
15
1 to Feb.
9
Banks.
Bank of the Manhattan Co
New York National Exchange....!
fact that commercial bills%ave been in limited
supply.
rates liave been reduced at different times in
accordance 'with,
to-day 4 84 and 4 86.
To-day the rates on actual business were as follows, viz.:
Bankers’ 60 days’ sterling, 4 83^@4 83f; demand, 4 85J@4 85£.
Cables, 4 86|@4 86£. Commercial bills were 4 81f@4 82;
Continental bills were: Francs, 5 21| and 5 19f; reichmarRs,
95|@05J and 95£; guilders, 40£@40£ and 40f(^40^.
The following were the rates of domestic exchange on New
York at the under mentioned cities to-day: Savannah, buying
par; selling
premium; Charleston, buying par; selling
i premium; New Orleans, commercial, 50c. premium; bank,
par; St. Louis, 60c. premium; Chicago, 25c. premium@par.
The rates of
WALE STREET, FRIDAY, Feb. 3, 1SS8-5
F. M.
Money Market and Financial Situation.—The year
moves on with an extraordinary quietness prevailing in finan¬
cial circles, and as yet the Board lists fail to show any anima¬
tion at the Stock Exchange.
There was a good demand for
bonds in January, and this was quickly taken advantage of by
all parties having bonds to sell, and the aggregate amount
offered was pretty large.
This readiness to supply the first
inquiry from investors has taken a little of the keen edge off
the market and caused a temporary lull in the bond business.
It is believed that the amount going out to Europe is large, as a
number of
houses with foreign connections have been
interested in bond negotiations, and the rates of Exchange
seem to show that securities are going to the foreign markets
pretty freely.
The Reading strike yet hangs over the market as a thing to
be settled, and the fears of prolonged rate-cutting at the West,
owing to the large increase in railroad mileage, is also an
influence which has some weight in determining the present
action of stock buyers.
The prospect of a new Chesapeake & Ohio reorganization
has stimulated the dealings in the stocks and bonds of that
company.
The details have not yet been made public, but the
rumors
indicate that Mr. Ingalls, of the “Big Four” line
between Cincinnati and Chicago, will be the president or man¬
ager of the company; the line from Ashland to Cincinnati will
be completed, making a through route from Newport News to
Cincinnati and thence to Chicago; the old 4 per cent “B”
bonds will probably stand, or be taken up with new consoli¬
dated 4 per cent bonds at par, and the second mortgage cur¬
rency 6s will receive 50 per cent of their face in 4 per cents.
It is this rumor which has stimulated the latter bonds,
although, as above stated, the particulars have not yet been
given out.
TheCimoNiei.E this week gives the recent prices of Exchange
memberships as follows: N. Y. Stock, $22,000: N. Y. Consol.
Stock and Petroleum, $1,000; N. Y. Produce, $1,700; N. Y.
Cotton, $1,425; N. Y. Coffee, $600; N. Y. Real Estate, $1,265;
Boston Stock, $15,000; Philadelphia Stock, $3,500; Chicago
Board of Trade, $1,850.
The open market rates for call loans during the week on
Stock and bond collaterals have ranged from 2 to 3£ per cent,
and to-dav the rates were 2@3 per cent.
Prime commercial
paper is quoted at 4f@5^ percent.
The Bank of England weekly statement on Thursday showed
a gain in specie of £81,000, and the
percentage of reserve to
liabilities was 45-53, against 45-60 last week; the discount
rate remains unchanged at 3 percent.
The Bank of France
gained 5,450,000 francs in gold and 1,925,000 francs in silver.
The New York Clearing House banks in their statement of
January 28 showed an increase in surplus reserve of $2,344,450,
the total surplus being $23,258,925, against $20,914,475 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:
Diffv'nc's fr*m
Prev. Week.
1887.
Jan. 29.
1880.
Jan. 30.
$
Loans and disc’ts. 350.008.100
83.3i 8,*00
Specie
Circulation
7,579,7CO
Net deposits
378,247.900
Legal tenders
Legal reserve.....
Reserve held..
Surplus
$
$
$
Inc .1,300,200 353.051,000 337.934.700
Inc.3,198,700 92.851.000 100 212,700
Dec.
24,700
7,825,000
9,599.000
Inc.3,199,400 382.961.800 389.954.700
54,500 25,187,300 33,432,400
34,512,000 Dec.
94,501.975 Inc. 799,850 95,740,450 97.488.075
117,820,800 Die.3,144,200 118,038,900 133,045,100
23,258,925Jnc .2,344,350,
22,298,45o!
30,156,425
Exchange.—The feature of the sterling exchange market
during the past week has been the pressure of security bills
drawn against foreign purchases of bonds, which have been
heavy for some time past. This influence, together with the
lack of demand, has caused rates to be very
and they have declined considerably; this,
leading bankers
are as
Prime bankers’ sterling bills on
Prime commercial
Documentary commercial
Paris (francs)
London..
follows :
Sixty Days.
Demand.
4 84
4 82434 83
4 82
34 824
5 2143 5 214
4 80
February 3.
The
1888.
Jan. 28.
Posted
the decline in the market, ard are
DIVIDENDS*
Name of
159
Amsterdam (guilders)
404*3 404
Frankfort
954 3 954
or
Bremen (reielunarks)
Coins.—The following are
35“ 19:4
404 340516
9543954
5 20
quotations in gold for various coins
Span’ll Doubloons.15 60
@15 75
Fine silver bars..
Five francs
Mexican dollars..
Do uncommerc’l
Peruvian sols
Mex. Doubloons.. 15 55
Fine, gold bars
par
@15 70
English silver.... 4 75
Sovereigns
Napoleons
X X Reiehmarks..
X Guilders
*
$4 83
3 84
4 74
3 96
-@$4 88
@ 3 89
@
@
4 SO
4 OO
@4prem. U.
—
—
—
—
—
96 @
93
@
754@
75 @
74 @
S. trade dollars*— 74
a)
3
*
97
95
-
-
764
75
L 85
••••••
Now demonetized.
United States Bonds.—Government bonds have been only
moderately active and the market remains quiet and fea ture¬
less.
Prices have been somewhat irregular, though the 4s have
developed some strength and are a little higher than a week ago,
as are also the bids for the 6s.
The 4^s have not been so firm.
The closing prices at the N. Y. Board have been as follows:
Interest Jan.
Periods
23.
44s, 1891
reg.
44s. 1891
coup.
4s, 1907
reg.
48, 1907
coup.
6s, cur’cy,’95
reg.
68, cur’ey, ’96
reg.
6s, cur’cy,’97—reg.
6s, cur’cy,’98
reg.
6s, cur’cy, ’99
reg.
*
Q.-MarJ*108
Q.-Mar.
Q.-Jan.
Q.-Jan.
J.
J.
J.
J.
J.
*108
*126
*126
Jan.
30.
Jan.
31
Feb.
2.
Feb.
1.
Feb.
3.
*108
*x0078 *1064 107
1084 1084 *108
*1074 *107%
126‘4 1264 *1264
*1253i *125
126 “*8 1264 *1264
1253i *126
*108
& J. *1194 *119
& J. *1214 *121
& J. *1234 *123
& J. *126
*125
& J *128 1*127
*119
*121
*123
*125
*127
*120
*122
*124
*126
*120
*122
*124
*126
*128
t*123
This is the price bid at the morning board; no sale was
*120
*122
*124
*126
*128
made.
State and Railroad Bonds.—The business in State bonds
a trifle brisker,
though the transactions have been so
divided up among the different classes that none have shown
has been
any
particular activity.
Prices,
as a
rule,
are
film.
Railroad bonds continue to be a prominent feature of the
financial markets, and the business is still relatively larger
than in stocks.
The foreign demand keeps up and the send¬
ing of securities abroad has had an important effect upon our
foreign exchange maiket. Many classes continue very strong
and have made further upward progress, though the strength
is not universal, as many bonds remain only firm, while a few
have reacted a little.
The tone of the maiket, however, is still
ery firm and reflects the strong undertone which prevails, and •
which, it is argued, will ultimately extend to the stock market.
The strength is more conspicuous now in a few specialties
and low-priced bonds, and some of these have made rapid
advances—the Chesapeake & Ohio currency 6s sprang into
new life on the reports of a revised scheme of reorganization
with Mr. M. E. Ingalls as president or general manager.
Railroad and Miscellaneous Slocks.—Business
on
the Stock
Exchange continues dull, and there have been few features of
interest in the week’s speculation.
There was some increase
of activity on Saturday and Monday last, but this soon gave
way to extreme quietness, and only a moderate business has
been done since.
The tone of the week has been irregular, and
for the majority of stocks fluctuations have been very limited.
In the early part of the week some strength was shown, led by
the coal stocks and Missouri Pacific, but it could not be sus¬
tained, and although there has been no important decline
prices have sagged and at times been rather weak. A strong
undertone is said to exist, and there are evidences that this is
a fact, inasmuch as the
long-continued inactivity in stocks does
not lead to a serious decline, in spite of the occasional attacks
on the market and the slump iu such stocks as Missouri
Pacific,
Manhattan, Ac.
The coal stocks have been prominent and have generally
been firm, especially Lackawanna and Delaware A Hudson.
The Reading strike was used to influence prices, the rumor
prevailing for a time that it was nearing an end, and the stock
being stronger on account of the prospect that the miners
would cut loose from the railroad men and go to work.
There have been many reports of rate cutting from Chicago,
as usual, and these have had some effect in
deterring purchasers
who might otherwise have come into the market.
To-day, Friday, there was no special feature and the volume
weak and unsettled, of business was moderate. Louisville & Nashville was a
too, in spite of the leader in the afternoon and sold down to 59£, closing at 59£.
160
THE
ifrOCK
STOCKS—PBICES AT N.Y.
CHRONICLE.
EXCHANGE FOB WEEK ENDING FEB. 3, AND SINCE JAN. 1, 1888.
HIGHEST AND
STOCKS.
Saturday,
Monday,
Jan. 28.
Jan. 30.
LOWEST PRICES.
Tuesday.
Thursday,
Wednesday,
Jan. 31.
Feb.
Sales
1.
Lowest.
Shares.
3.
Highest
-•
*10i4
*10
104
584
Canada Southern
Central of New Jersey
Central Pacific
5434
55
55
79 7s
804
794
304
*31%
*334
*8%
Chesapeake & Ohio
1st pref.
2d pref..
32
4
*8
*5129
4%
10
*5
130
Chicago Burlington & Quincy.
Chicago Milwaukee & St. Paul.
Do
Feb.
Range Since Jan. 1,1888.
Week,
Friday,
2.
Feb.
Active KB. Stocks*
Atlantic & Pacific
Do
Do
[YOU XLYI,
5%
130
763s 764
104
584
554
804
304
44
Chicago & Northwestern
Do
145
pref.
Chicago Rock Island & Pacific.
145
145
114% 1143s
*14
38
104
564
5438
57
784
314
*4
*9
10
5%
129
544
79%
314
44
10
54
54
128%
764 764
115% 1154
110
1104
128
764 774
115% 115% 1154 1154
109% 110% 110
11058
pref.
104
145
*144
1144 1143s
*104
564
104
544
783ft
304
544
794
304
*10
250
1,610
104
57
53%
784
3034
5%
10
Jan. 17
56% Jan. 31
53% Jan. 23
544
784
10%
62%
56%
80%
33%
5%
Jan. 10
Jan. 3
54% 544
5,420
Jan.
9
774 78
15,500 75 Jan. 3
Jan. 28
31
790 29% Feb.
2934 29%
3
Jan. 10
5
4
54
*44
Jan. 18
44
5%
2,130
Feb.
2
*9
10
984
7
4 10
94 10
9%
9%
Jan.
Jan. 24
64
7
5%
64
6%
6%
3,302
7
4% Jan. 12
Feb.
3
128
128% ! 128% 128% 128% 128%
6 130% Jan. 27
1,833 127% Jan.
75
764
754 764
747ft 754 133,300 74 Jan. 4 77% Jan. 10
520 112% Jan.
11541154 1154 11534 1154 1154
4 115% Feb.
2
109% 110
1084 110% 1084 1094 53,900 106% Jan. 4 110% Jan. 30
*144
272 140% Jan.
1454 1454 *145% 146
6 145% Feb.
1454
1
113% 1134 113% 11378
1134 114
3,451 111% Jan. 6 114% Jan. 27
*14
*14
15
lo
*14
15
5
13
4
Jan.
14% Jan. 10
*37
*37
500 36
39
39
*37
39.
Jan. 24 38% Jan.
6
40
39% 394
39%
384 39%
4,660 38% Jan. 23 40% Jan. 10
109
109
110 105% Jan.
107
107
4 109
Jan. 27
52
600 51% Feb.
523ft
514 5134 *50
514
2 53
Jan.
9
700 23
4
*234 244 *23
244 *23
244
Jan.
257a Jan. 9
•1314 132% ! 1314 1324 1307ft132
97,065 128% Jan. 5 133% Jan. 30
*21
23
145 21% Jan. 23 23
1
224 224
Jan.
6
54
*54>
882 52
524 524
534 534
Jan. 20 55
Jan. 28
io
10
10
104
10%
104
2,524 10 Jan. 3 1078 Jan. 12
61
61
560 59% Jan. 25 62% Jan. 16
| *594 61
60% 60%
22 34
22
22
800 21% Jan.
224 224 *22
3 23
Jan.
7
*87
89
*87
90
87
Jan. 20 88% Jan. 10
45
444 444
45%
454
454
2,910 40% Jan. 20 46% Jan. 3
*9
I
10
84
84
225
*8%
94
4
8% Jan.
9% Jan. 27
121
121% *121% 122
122
1224
1,650 116% Jan.
6 122% Feb.
3
*12
14
200 13
134: *12
134 *12
Jan. 21 i 14
Jan. 20
*30
31
31
*30
300 2778 Jan. 16 30% Jan. 30
31
*30
154 154
*154 16 ! 154 15%
1,550 14% Jan. 24 16 Jan. 30
822 44
464 464! 46% 46%
4534 4534
Jan. 20 47
Jan.
9
0
9134 93%
934 934
9134 924 23,247 91% Feb.
95% Jan.
9
91 •
500 89
904 904
Jail.
9 91
904 904 *90
Jan.
5
604 61%
605ft 604
59% 604 29,430 59% Feb.
3
64% Jan.
9
.
145
113% 114%
15
14
14
38
38
40
404
404 403ft
40%
109
*109
110
109
*108
52 34 *524 52%
5238 524
24
244
244 *2334 244
Delaware Lackawanna & West 13134 133ift 1325ft 1334 132
1324
Denver & Rio G., assessiu’t pd.
*2112 23
22
22
223ft 223ft
55
Do
55
54
544 544 *53
pref.
East Tennessee Va. & Ga. R’y.
104
10
10
104 104
Do
*60
62
1st pref.
60
604 604
60%
Do
2d pref..
224 2234
2214 224
224 224
T^xmnflTTillp Ar TVtva TTmitp,.
*87
89
*87
89
Fort Worth A Denver City
431r 44
434 445ft
444 443ft
934
934
Illinois Central
121
1214 1213i
121
121U!
121
Ind. Bloom. A West
14
1312 134 *13
134 134
*28
30
31
Kingston A Pembroke
304 *30
Lake Erie A Western
*15
1534
155ft 16
*154 16 |
Do
46 34 4634 !
46i.i 464
464 4 6 34
pref.
Lake Shore A Mich. Southern.
933ft 935ft
93
934 934
93% 1
*90
91
91
904 904 *90
Long Island
|
Louisville A Nashville
61
603ft 613ft
6138
604 60 34
Louis. New Alb. A Chicago... *35
40
*35
40
*35
40 | *35
40
Manhattan Elevated, consol..
90
9012 904
89
904
89% 894
894
53
53
Memphis A Churl Piston
Michigan Central
1 84i2 84 5s
814 844 :
84 %!
Mil. Lake Shore A West
*76
80
1 *76
79
79
1 *76
80
78
Do
1034 101% 10234 *1014 103
pref. *101
*100
103
*7
Minneapolis A St. Louis
7
Hi%
7
*7
*7
74
Do
*15
*15
17
*15
pref
17 “ *14
16 J
Missouri Kansas A Texas
17 ig
18
174 1838
164 17%
16% 164
Missouri Pacific
85% 87
854 86%
854 854
85% 854
Mobile A Ohio
*13
14
*12
13
13
14
14
*13
Nashv.Chattanooga A St. Louis *79
794
794 794
79
79
*784 794
New York Central & Hudson. 107% 1075ft 107% 10734
10734 1074 10758 1074
New York Chic. & St. Louis...
1714 174
174 1738
174 174 *17% 1734
Do
1st pref.
71 78 72
73
73
72
72
*71
724
Do
2d pref..
354
35% 37
*36
37
*35
36%
New York Lake Erie & West’n
2814 284
274 284
27% 28
2734 274
Do
64
64
64
pref
64%
6334 63%
624 624
New York A New England....
3714 3734
374 383s
374 384
375ft 374
New York Ontario A West....
18
18
18
184 184
18
*•17 5ft 18
New York Susq. & Western...
914
93a
93ft
94
*9%
94
*9%
94
Do
32i2 33
33
33
32 34 32%
pref.
324 334
Norfolk A Western
*17
18
18
174
184 183ft
183ft 184
Do
46
47
45% 463ft
46 '
pref.
46
464
46%
Northern Pacific
*21
2114 214
21%
214 214 *21 3ft 21%
Do
4614 463a
pref.
463ft 463ft
45% 45%
4534 45%
Ohio A Mississippi
24
2312 23 7s
244
244 25
243ft 244
Oregon & Trans-Continental..
2214 2238
22 4 224
224 223ft
214 22
Peoria Decatur A Evansville. *20
21
194 20
*194 20
66
Philadelphia A Reading
664,
664 674
664
664 664
Richmond A West P’t Terminal
225ft 22 7s
‘>2 34 23%
225ft 234
2234 2234
Do
57
5612 564
pref.
58
58
58
574 57%
Romo Watertown A Ogdensb’g
86
86
*85
874
*86
874 88
88
St. Louis A San Francisco
36
3614 364
36
36
37
*36% 37
Do
72 io 73-5ft
pref.
73
734 7334
73
73
733ft
Do
1st pref. *110
113
112% 113
*11234 1134 1134 L134
St. Paul A Duluth
60
60
*59
60
60
60
Do
105
105
105
pref. 105
105
105
St. Paul Minncap. A Manitoba
113
1134 1134 1134 1124 1124
Texas & Pacific
2614 274
26% 274
26 % 264
26% 2634
Union Pacific
;>;> 'ft
56% 564
5 6-V
564 574
56
56%
Wabash St. L. & Pacific
*1412
15
4
154
15
15
154 154
Do
’26
28
27
pref.
2734 2734
2734 *27
2734
Wheeling & Lake Erie
51
505ft
504 51
50 34 5 2 34
51 5ft 524
Miscellaneous Stocks.
Colorado Coal A Iron
3 6 r>p 384
374 37 3*
37
3758 38%
37%
Consolidated Gas Co
77
77
76
76%
76% 76 %
764 764
Delaware & Hudson Canal.... IIOI2 1114 11034 112
1104 111
1094 111
Oregon Improvement Co
52 b 524,
5*2% 52 34
50
52% 52%
50%
Oregon Railway & Nav. Co...
93 4 944
94
91
94
94
933ft 944j
Pacific Mail
3534 3534
36
36
36 3ft
364
35% 353.
I
Philadelphia Co., Nat. Gas
103
103
1034 1034
Pullman Palace Car Co
143 4 144*4 i 4 4
144 4 144
141% xl 114 142 I
Western Union Telegraph
4 4
'S
784
784 784
784 784
784 784
Do
pref.
3934
Chicago St. Paul Min. & Om...
Do
pref. *107^
Cleveland Col.Cin.A Indianap. *52%
Columbus Hocking Val. &Tol. *23
104
*104
384
1
io%
!
....
*36
87
40
88
*35
864
87
83
80
103
84
76
84
76
*101
103
40
39
2,633
1
1,900
82%
*76
*100
*6%
*14
......
lixpress Stocks.
1
*140
Wells, Fargo A Co
Inactive Stocks.
American Tel. A Cable Co
Chicago A Alton
Chicago A East. Illinois
Do
*140
72
*139
42
72
139
94
94
77
pref.
/
/
34
*6
pref.
Cleveland A Pittsburg, quar.. *156
Illinois Central, leased line...
95
Marquette Hough. A On., pref. *904
Morris & Essex
N. Y. New Haven A Hartford.
Pitts. Ft. Wayne A Chie
*152
34!
44
64
95
92
15
are
72%
*138
43
145
72%
i 39
140 1 139
43
433ft
145
145
18
45
184
464
214
454
244
214
454
244
2134
19%
664
224
22
7(54
78
3%
......
94*4
794
3%
......
*156
95 b>
90
95 4
90
*73
136
74
340
*155
*95
*91
....;.
97
92
94%
19%
*78
*:tio
SO'
4
220
152% 152 3±
114 114
15
274
3134
334
884
374
374
155ft
16
215
152
~ 215
227ft
*37
910
«)io
904
27 4
314
90*0
28
15%
734
9034
274
324
334
894
the prices hid and asked; no sale
39
1534
84
*34
*36
16
8%
93
364
39
60
9
9
1,425
32%
*174
45%
*214
3,938
4417ft
32%
184
45%
214
45%
244
2478
214
*19%
2178
680
19,080
525
59
113% 113%
254 264
5534 564
15
*2634
524
277ft
5278!
37%
377ft
76
76
1
I
15
27
52
374
*7534
1104 1114! 110
50
50
934
9334!
354
36
10
.
4417g Feb.
23
Jan.
20% Jan.
300
19
Jan.
63% Jan.
21% Jan.
55
84
35
2,895
Jan.
Jan.
Feb.
70% Jan.
381 112
280 59
59
Jan.
Feb.
306It 00*ft .Tail.
11134 111%
25% 25%
55% 564
16
Feb.
3 80
Jan.
Jan. 23 104% Jan.
3
5% Jan.
9% Jan.
16
Jan.
5
17% Jan.
1
16% Feb.
18% Jan.
82% Jan. 20 89% Jan.
9% Jan. 6 13% Jan.
76
Jan.
5 80
Jan.
107
Jan.
4 108
Jan.
4
16% Jail.
17% Jan.
4
73
Jan.
6678 Jan.
4 37
31% Jan.
Jan.
3 29% Jan.
27% Feb.
61
Jan. 20 65% Jan.
36
Jan. 24 39% Jan.
4 18% Jan.
16% Jan.
8 % Jan.
4
9% Jan.
5 33% Jan.
29% Jan.
15% Jan. 20 18% Feb.
42% Jan. 4 47 Jan.
Jan.
21% Jan. 25 23
2,916
5,000
3,920
20
410 109
19,400
32,930
640
700
15
27
52
3,800
Jan.
24%
55%
14%
25%
44%
Jan.
Jan.
Jan.
Jan.
Jan.
3 4778 Jan.
5 25
Jan.
4 22% Jan.
19 23
Jan.
20 67% Jan.
25 23 7g Jan.
6 58
Jan.
9 88
Jan.
3 36% Jan.
20 73% Jan.
25 116
Jan.
3
62% Jan.
3 105
Jan.
18 114% Jail.
20 27% Jan.
24 58% Jan.
26
16
Jan.
23
28% Jan.
3 54% Jan.
145
424
*934
*34
1,125
1,995!
9434
354
'
j
108
1714
128
"72
140
6
*6
*156
145
108
56 143
240 106%
587 67
10 128
734
131
74
110
140
424
424
94
79
94
300
79
l
1,014
*31*->
*91
223
*10
*34
*37
-
*214
3,400
100
162.
200
92
224
] i
36
152% 15234
11% 11%
*34
36%
39
*37
‘
*154
*84
8%
84
933ft
934
27 4
277ft
274
934
2778
314
324
314
32
314
317ft
335ft!
314
33
32
324
32
90 34
89%
9034
314
894
914
89%
324
904
324
904
t Lower
894
41%
93%
75%
3%
Jail.
Jan.
Jan.
9
30
31
5
30
16
3
28
23
30
3
3
6
10
Jan. 18
Feb.
3
Jan. 16
2
Feb.
Jan. 30
Jan.
9
93%
83% Jan.
.Tn.11.
Jan.
Jan.
Jan.
12,615
11142,000
7
%
881^
26%
27%
9i 145
Jan. 23
3 108% Jan. 25
Jan. 20
4; 74
19, 130% Jan. 28
Jan. 12 73
Jan.
9 140
Jan. 26 43%
Jan. 27 94%
Jan. 25 80
Jan. 31
4%
.Inn.
9
6%
.Tan.
5 157
Jail.
5; 96
227 215
80 151
700 10
33 %
100 36
600
13 7e
1,200
1,200
5,400
price is ex-dividend.
Jan.
9.0*2 IMri
1,361
32
192
70
135
240
6
125 153
(>%
39
|
.).)
13<)lo
*214
10
31
18
11
30
.
145
74
140
13
95
80
4
92
7
30
2
30
10
6,395 34% Jan. 20 38% Jan. 28
76 %!
Jan.
1,375 i 75
3
78
Jan. 18
111
I 16,162 103
3 112
Jan.
Jan. 30
5 55
45% Jan.
5
89% Jan.
94%
354
2,985} 34% Jail. 24! 37 78
*
104
105
1054
530 99
Jan. 18 105%
|
143
143% 142 % 142%!
5 144%
Jan.
4,277 140
78
77% 784
784! 57,1451 76% Jan. 23 79%
94
5
11
9
5
3
27
9
9
27
27
30
9
10
10
9
374
|
i
Jan. 10
Jan. 10
9
9
664 187,810
274
made at the Board.
400
1778
274
324
was
18,535
374
57
60
16%
93
33,450
374
*17%
~
274
93
700
497
630
87% 87%
*3534 36%
35
354
*72
734 734
73
112% 1134 *112
1134
1525ft1525ft *1524
11
2,874
223
700
1
11
470
800
20,435
2,970
79 4
219
7,868
38,000
224
07
6
64
64
L56
156
*156
96
96
*904 914 *91
219
16
65%
22%
58
88
73
*138'
94%
-
674
57
*86
*142
43
93%
7 (>'t!
220
..
Columbus A Hocking Coal
27io
Tennessee Coal A Iron
315ft
Various Stocks. Ac. (Uni isted.
Amer. Cotton Oil Trust
334
Pipe Line Certificates
874
These
110
1 2*5q 12s 5o
Quicksilver Mining Co
Do
pref.
St. Louis Alt. A Terre Haute..
St. Louis Ark. A Texas
South Carolina
Whitebreast Fuel Co
145
*324
9
33
1074 108*4 1084 1084 *1074 109
1074 108
1074 1074
73
73
734
734 74
734
734 73 4
724 734
1304 1304 *125
132
*1284 131 4 *128
132
*128
132
Cincin. Ind. St. Louis A* Cliic..
Cincinnati Wash. & Baltimore.
Do
145
9
384
174
96
76
99
810
374
174
!
Adams
American
United States
7%
164 16 34
164 164
84 34 854
8434 86
134 13% *12
13%
79
704 *784 794
1074 107% 1074 1074
17
17
17% 17%
*71
7134 *71
714
*35
37
*344 364
274 27 4
274 27%
-
.
105
840
20
39
53% Jan.
87% Jan.
2,265
•
Jan. 10
85% Jan. 24
52
Jan.
9
82% Jan. 20
Jan.
Jail.
Jan.
Jan. 26
3
Feb.
Jan. 30
Jan. 26
Feb.
2
Jan.
9
Jan. 16
Jan. 19
Jan.
4
4! 90 Jan. 27
3 139% Jan. 27
4 223
Jan. 16
Jan. 17
5 153
5
13% Jan. 12
4 38% Jan. 10
19 39
Jan. 11
9
.Tan. 31
4
Jan.
5
Jan.
4
Jan.
4
29% Jan.
85% Jan. 17
•167ft Jan. 16
9% Jan. 27
93% Feb.
3
30
9
~
Jan.
32% Jan. 30
34% Jan. 17
97% Jan. 10
I
a
February 4,
BONDS—LATEST PBICES OF
ACTIVE BONDS AT N. I. STOCK EXCHANGE, AND
Railroad Bonds.
Jan. 27 Feb. 3
27*4
82%b.
27*4
■Guar., 4a, 1937.
i
26
80
Joaquin
106%b. 105% Jan.
94 b. 92% Jan.
105
104% Feb.
116*4b. 117*4b. 111*4 Jan.
68
68
26
96
i<7vof uuujj*
Extern, coup.,
4a, 1986
1918
6b, currency,
Mort. 6e, 1911
Cbes. O. ASo.
W.—5-6a, 1911
102
Jan.
Jan.
70*4 Feb.
28
Feb.
Jan.
97
Jan.
Jan.
Jan.
117
126
Jan.
100 *2b. 101 b. 100
142 b. 140*2b. 139*4 Jan.
131
b. 13134
128*4 Jan.
101
143
132
Jan.
Jan.
Feb.
110
109
Jan.
Jan.
100
110
108
a.
105
b.
94*4
131*4
107*4
120*4
100 *4a.
105
4a, 1936
Den. & R. Gr. W.—1st, 6s, 1911.
let con.
101% Feb.
Jan.
2dM.,7a, 1905
105*4 Jan.
94% Jan.
131*2 Jan.
107
Jan.
119*4 Jan.
[99% Jan.
Jan.
123
124%b. 127
108
b. I08*2a. 107*4 Jan.
101 b. 100
104
Jan.
72*4
72%
72*4
72
121
119
71
66
81
92
92
a.
86
East. Div.—6s, 1921, tr. rec..
Income, 68, 1921, tr. rec
Int. A Gt.Nor.—lat, 6a, gold,’19 110
72
Coupon, 6a, 1909
74
Kent. Centr.—Gold 4a, 1987
il4
a.
105
65
b.
99*4 Jan.
Jan.
99% Jan.
104
91
105*4 Jan.
92*4 Jan.
Jan.
Jan.
Jan.
88
18
105
b.
a.
97% Feb.
70*4
74*4
I
70
69
b.1 122 b. 120
b. 110*sb. 108*8
97*4b. 97 b.l 96*4
113
b. 114*4b.
113
113
j 109%
109% ! 108
110
103 b. 10234b.! 109*4
110*4 I 109
109%
Lou. A Naali.—Consol., 7a, 1898 120
N. O. A Mobile—let, 6s, 1930. 110
2d, 68,1930
General, 6s, 1930
Trust Bonds. 6s, 1922
10-40, 6s, 1924
Lou. N. A. A Cli.—1st, 6a, 1910.
Consol., gold, 6a, 1916
92*8
Jan.
115*4
114%
112%
108*4
Jan.
Jan
Jan.
Jan,
69
Feb.
112*4 Jan.
89*4 Jan.
71*4 Jan.
87
Jan.
Feb.
Jan.
Jan.
Jan.
Jail.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
j
Jan.
111*4
77
75
94*4
JaD.
Jan.
Jan.
Jan.
104
127
125
121
Jan.
Jan.
Jan.
Jan.
111*4 Jan.
121
1 110
5)7
Jan.
Jan.
Jan.
* * 3
Jan.
Jan.
Jaw.
Jan.
110
Jan.
109*4 Jan.
112% Jan.
93
Jan.
|
91*4b.! 90% Jan. |
102 b.i 100
Mem. A Cli’laton—6s, gold, 1924
11334
Metro. Elevated.—1st, 6s, 1908. 11314b. 113%
103
103
b. 103*2
2d, 6s, 1899
127
129
110
Cod sol. 5a, 1902.
!ii2*4 113 b. 112
115
! 115 b. 118
Pac. of Mo.—1st, 6s, 1888.... 1103% | 100 *4b. 100%
) 10534b.l I06*2a. 104
Note—The letter “ b” indicates price
Jan.
Jan.
110
Jan.
Jan. | 102%
116%
Feb
Jan. 105%
Jan. 129
110*4
Jan
Jan. 113*4
Jan. 118
Jan.
Jan.
Jan.
Feb.
Jan.
Jan.
Feb.
Feb. 1 103*4 Jan.
Jan. 1 104% Jan.
SECURITIES.
)
1906
Alabama—Class A 3 to 5
...1906
1906
Class B, 5s
Class C, 4s
1900
6s, 10-20
Arkansas—6a, funded.. 1899-1900
7a, Little Rock A Fort Smith, iss.
7a, Memphis A Little Rock, ias..
7a, Arkansas Cential RR
Georgia—7a, gold
Louisiana—7a,
Stamped, 4a
Michigan—17a
cone
1890
1914
1890
Mil. Lk.Sh. A W.-lst, 6s, 1921. 119
Ashland Div.—1st, 6e, 1925.. 113
Milw. A Nor.—M. L., 6s, 1910. 109
108
Extension, 1st, 6a, 1913
Bid.
106
110
100
102
18
20
20
15
105*2 106
100
91*2 93
106
Missouri—6a
..
108*4
105*4
Construction, 5s, 1923
N. Y. A Nor.—lat, 5s, 1927
.
.
33
33*4
747ab.
75
110
2d mort., 7a, 1897
Cairo A Fulton—1st, 7a, 1891 105 b.
90*4
Gen. Ry. A land gr., 5s, 1931.
St. L. A San Fr.— 6s., Cl. A,1906 117 b.
117 b.
6a, Class B, 1906
117 b
6a, ClaaaC, 1906
114 b.
Gen’l mort., 6a, 1931
b. 109
104*4b. 105
90*4b. 89
108
73*4 Jan.
63*4 Jan.
106*4 Jan.
110*4 Feb.
Jan.
Jan.
Jan.
133
90*4 Jan.
117*4 Jan.
Jan.
129
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Feb.
Jan.
Jan.
Jan.
Jan.
Feb.
Jan.
Jan.
Jan.
117 b. 113*4 Jan.
117*4b. 115% Jan.
117
115
Jan.
Jan.
Jan.
.
113
110
55
Jan.
Jan.
75^ Jan.
b. 108
107
109*4
2d, M., pref., 7a, 1894
103i4b. 103%b. 103
2d., M., me., 7a, 1894
41 a.
38
Dividend baa, 6a, 1894
98
104*4
St. L. Ark. A Tex.—lat, 6a, 1936 103%
47
47*4
40%
2d, 6a, 1936
St. L. A Ir. ML—lat, 7s, 1892... 111 b. 108 *eb. 108
Jan.
Jan.
51
88
130
105
135
Jan.
Jan.
99*4
y**4 uan.
Oregon Impr. Co.—lat, 6a, 1910 99*4
Jan.
Ore. R.ANav.Co.—lat, 6s, 1909 109 %b. 1097ea. 109
100
99*4b.
96*4 Jan.
Consol., 5a, 1925
95*4
93
Jan.
Oregon A Tranacon.—6s, 1922.. 95*4
Jan.
Peo. Dec. A Evans.—1st, 6a, ’20. 107 b. 106 b. L06
104
Jan.
Evanav. Div—lat, 6a, 1920... 104*4b.
72
Jan.
7514a. 74*4
2d mort., 5a, 1927
Jan.
58*4 a* 55
Rich A All.—lat, 7a, 1920, tr. rec 55 b.
ll3*4b. 109 Jan.
Richm. A Dan.—Cons., 6a, 1915 113
b. 100
Jan.
100 b. 100
Debenture, 6a, 1927
b.
Roch. A Pitta.—lat, 6a, 1921... 119 b. 120
115 b. 115 b. 113
Jan.
Consol., 6a, 1922
b. 107
Jan.
Rome W. A Ogd.—lat, 7s, 1891. 108 b. 108
103
102*4
101% Jan.
Consol., extend., 5s, 1922
101
98
Jan.
100%
St Jo. AGd.Ial—lat, 6s, 1925
b. 41
Jan.
40 b. 41
2d, income, 5s, 1925
112 b.
St.L. Alt.AT.H—lat, 7s, 1894. 113
110
108
Jan.
31*4 Jan.
b.
117% Jan.
116
Jan.
Jan.
Jan.
115*4 Jan.
116*4
116*4
104%
102
105*8
102*4b. 102*4b. 99%
115 b.
114*4
115*8b. 117*4
117*4
102
b.
99*4
Ohio Southern—1st, 6a, 1921... 104 *4 a.
Highest.
120*4 Jan.
Jan.
Jan.
102% Jan.
North.Pacific—lat,coup.,6a, ’21
Gen’l, 2d, coup., 1933
N. Pac.Ter.Co.—1st, 6a, 1933...
Ohio A Miss.—Consol., 7s, 1898.
2d, consol., 7a, 1911
2d,inc., 6a, 1921......
Omaha A St. L.-lst, 4a, 1937..
Jan.
Jan.
Jan.
Jan.
Feb.
1067sb. 10778 Jan.
N. Y. Ont. A W.—lat. 6a. 1914.. 112 b. Ill b. 109
92 l).
93
91
N.Y.Sus.AW.—lat ref., 5a, 1937.
111*4
Midland of N. J.—1st, 6a. 1910 112*flb.
78 *4 b. 75*4
78*3
N. O. Pacific—lat, 6s, 1920
11758b. 112*4
Norfolk A West. - Gen., 6a, 1931 115*4
b. 114
Jan.
b. 112*4 Jan.
Jan.
105*4 Jan.
Feb.
Feb.
Jan.
Jan.
Feb.
Jan.
Feb.
108*4 Jan.
Jan,
Jan.
Jan.
113*4 Jan.
80
Jan.
106
113
93
117*8 Jan.
116% Jan.
105*4 Jan.
102*4 Jan.
115
118
104
34
Jan.
76
Jan.
Feb.
Jan.
Jan.
100
Jam
110
100
96
109
106
75
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
59*4 Jan.
114
100
Feb.
Jan.
115*4 Jan.
107
103
101 *4
41
113
Jan.
Jan.
Feb.
Jan.
Jan.
110*4 Jan.
103*4 Jan.
38
Jan.
104*4 Feb.
48*4 Jan.
111*4 Jan.
112
Jan.
105*4 Jan.
92*4 Jan.
118
Jan.
118*4 Jan.
118
Jan.
115*4
102%
101*8
112*4
118*4
116*4
Feb.
Jan.
Feb.
Jan.
Jan.
97
91
Jan.
Jan.
102*4
102*4
Gen’l mort., 5a, 1931
So. Pac., Mo.—lat, 6a, 1888... 101 b. 101*€b.
St. Paul M. A M.—lat, 7a, 1909. lll%b. 112*4b.
117 b.
2d, 6s, 1909
116 b.
1st cons., 6a, 1933
Do
reduced to 4*48.. 96*4b.
Shenandoah Val.- lat, 7a, 1909 92*4b. 92*4b.
34*4b. 34 b.
Gen’l mort., 6a, 1921
100 b. 101 *4b.
So. Carolina—1st, 6s, 1620
78 b.
74 *4 b.
2d, 6s, 1931
17 b.
18%
100% Jan.
Cal.—lat, 6a, 1905-12..
Ari.—lat, 6a, 1909-10..
107*4
So.Pac., N. M—lat, 6e, 1911.
50*4
Tex. A Pac.—Inc. A Id gr, 7a. *15
111% Jan.
113
105*4 Jan.
47*4 Jan.
65*4 Jan.
107*4 Jan.
51*4 Jan.
70*4 Jan.
Inc., 6s. 1931
So. Pac.,
So. Pac.,
47%b.
68*4b.
100
112
117
Jan.
Jan.
Jan.
114*4 Jan.
96% Jan.
90
Jan.
34*4 Jan.
97
69
15
695s
Rio Grande Div.—6a, 1930
61
60
Gen. mort. A term., 6s, 1905.. 61 b.
96 %b.
85
94%
Tol. A.A. A N. M.—lat, 6s, 1924.
101
Tol.A.A. A Gr.Tr.—1st, 6s, 1921 100 b. 105
82 b.
82 b.
Tol. Peor. A West—lat, 7s, ’17 .
97
93
98 b.
Tol. A Ohio Cent.—1st, 5s, 1935
Tol.St.L. A Kan. C.—lat,6a, 1916 93 a. 93 a. 91*4
114
114*46.
Union Pacific—lat, 6a, 1899
lo3 b.
Land grant, 7a, 1887-9
118
118*4b. 119
Sinking fund, 8s, 1893
112
Kan. Pacific—lat, 6a, 1895
110
110 b.
lat, 6a, 1896
114 b.
Denver Div.—6a, 1899
104 *4b. 101%
105
1st consol, 6a, 1919
100 b. 100*4
Oregon Sh. Line -1st, 6a, ’22.. 102 %b.
Virginia Mid.—Gen. m., 5s, 1936 78 b. 79 b. 78
40 b.
45
Wat). St.L. A Pac. - Gen., 6a, ’20 48 b.
96*4b. 93
96*4
Chicago Diviaon—5a, 1910
Wabash—Mortgage, 7 a, 1909.. 84 b. 87 a. 84
Tol. A Wab.—lat, ext., 7a, ’90 108*8b. 109 b 107 *2
107*4
108*40. 109
1st, St. L. Div.. 78,1889.
88
91
88
2d, extended, 7a, 1893
83
84 b.
85*4
Con., conv., 7a, 1907
108 b. 108*4
108*4
Great West.—1st, 7s, 1888
88 *
89 b.
2d, 7s, 1893....
100 %
9978
1()0%
Jan.
dan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Feb.
36*4 Jan.
102
80
Jan.
Ftb.
18% Jan.
62
Jan.
Jan.
97*4 Feb.
105
Feb.
97% Jan.
93% Jan.
Jan.
114
Jan.
Jan.
Jan.
Jar.
119
Jan.
Ill
Jan.
Jan.
Feb.
105
Jan.
Jan.
Jail.
Jan.
Feb.
80
47
98
90
109
109
91
Jan.
Jan.
Jan.
Jan.
Feb.
Jan.
Jan.
112*2 Jan.
103*4 Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Feb.
Feb.
87*4 Jan.
108*4 Feb.
90
Jan.
101*8 Jan.
and the range are from aotual sales.
BONDS.
Bid.
Rhode Island—6a, cou.. 1893-1894
South Carolina—6a, non-fund. 1888
1893
Brown consolidated 6a
due 1889 or 1890 102
Asylum or University, due 1892
Funding
..1894-1895
New York—6a, loan
1892
6h, loan
1893 112*4
35
North Carolina—6a, old
JAJ
Funding act
1900 10
20
New bonds, J. A J
1892-1898
Spfteial tax, Class 1
Consolidated 4a
...
1910
1919
6
11
94
Bid.
SECURITIES.
Ask.
107
108
112
6a....
Feb.
1167e Jan.
105*4 Jan.
104% Jan.
119
105
53
70
63
70*4
Mo. K.ATex.—Con., 6a, 1920...
61%b. 59
60%
Consol., 5a, 1920
102
101
105%
Consol., 7a, 1904-5-6
112 b 115 b. 108*4
Mobile A Ohio—New, 6s, 1927
105 b 106*4b. 105*4
let, Extenaion, 6a, 1927..
46 %b,
50%
45
lstpref. debentures,7a ...
87 b.
84*4
85*3
Mutual Un. Tele.—S. f., 6s, 1911
Nash. Ch. A St. L.—let, 7s, 1913 128 b, 127 b. 128%
106
b. 104*4
N.Y. Central—Extend., 5a, 1893
N.Y.C. AH.-lat, cp., 7a, 1903 134 b. 134 b. 132%
109 b. 110*4
109
Debenture, 5a, 1904
133
131*4b. 128*4
N.Y.AHar.—lat, 7a, 1900
89%
86*4
N. Y. Chic. ASt.L.—1st, 4a, 1937.. 90
114*41). 115*4
114*3
N.Y. Elevated—1st, 7a, 1906
129
127
N. Y. Lack. A W.—lat, 6a, 1921. 126*4b.
SECURITIES.
Ask.
107*4
120
Lowest.
108
55
L.—1st, 7a, 1927
Imp. A Equip.—6a, 1922
Minn. A St.
bid, and “a” price asked; all other prices
STATE
Range since Jan. 1.
Jan. 27 Feb. 3
..
b.l 109
•••••.••
E. H. A N— 1st, 6s, 1919
Jan.
122
b-
92% | 89*4
Knoxv. AO.—1st, 6a, gold, 1925 93*41*.
104
a. 101*2
L. Erie A W.—1st g., 5a, 1937 .. 103*4
LakeSh.—Con. coup., 1st, 7a, 1900 127 a. 127 a., 125 %
12414b. 124 lr.| 122*4
Con. coup., 2d, 7a, 1903
120*4b.
120*4
Long Island—1st, 7a, 1898
j Ill
Ill
b.
let, consol., 5a, 1931
Jan.
Jan.
32*4 Jan.
112*4 Jan.
85
Jan.
68*4 Jan.
b. 87
Jan.
b.
Jan.
Jan.
Jan.
Jan.
82
106
107
65
b.
Jan.
105% Jan.
79
a.
Jan.
104
137
112
117
Jan.
112% Feb.
b. 112% Jan.
b.
Jan.
Jan.
43
Henderson Br. Co.—1st. 6a, 1931 109*4b. 110 b. 108*4 Jan.
114
Jan.
114*4
114*4
H. & Tex. C.—1st M. L. 7s
let, West. D., 7a, 1891
114
1st,Waco & N. 7a, 1903
108
2d, consol. M. L. 8a, 1912
69
Gen. mort. 6a, 1921, tr. rec...
Ind.BL AW.—lat,pret.,7s, 1900
87
let, 5-6s, 1909, tr. rec
2d, 5-6a, 1909, tr. rec
Jan.
68*4 Jan.
78*4 Jan.
2d, 6a, 1931
32 a. 30
Jan.
Gr'nB.W.&St.P.—2dinc.8s,1911 31*4
120%b. 119
Jan.
Gulf Col.ASan.Fe— let,7s, 1909 121
97*sb. 97%
96*4 Jan
Gold, 6s, 1923
113%
Feb.
72
116% Jan.
97% Jan.
a.
127
79*4 Jan.
Jan.
Jan.
135% Jan.
Ill
Feb.
Jan.
Jan.
Jan.
75
121
Jan.
78*4 Jan.
34*4 Jan.
95% Jan.
97
132*4
107*4
120*4
100*4
73% Jan.
76*4 Jan.
71
66
Jan
104
b. 119*4 Jan.
79*4a.
72*4b.
79*2
95
108*4 Jan.
70*4 Jan.
70
Feb.
Jan.
113*4 Jan.
104% Feb.
104% Jan.
94*2
132*2
107%
120*4
100*2a.
66 b.
Assented
a.
Den. So. Pk. A Pac.—1st, 7a, ’05
39*2b.
Det.Mac. A M.—Ld.gr.3%8,1911 41%
99
E. Ten.V. A G. Ry.—Con.,5a, ’56 99
103 a.
Bliz. Lex. A B. Sandy—6a, 1902. 104
136 b. 136 b.
Erie- 1st. consol, gold, 7a, 1
Ill
b. 110*2b.
Long Dock, 7a, 1893
113 b.
Con. 6s, 1935
99 a.
U.YJLEafeW—2dcon. 6a, 1969 99*4
80%
Ft. W. ADenv. C. - let, 6a, 1921 82
Gal.Har.A San. Ant.—let, 6a,'10 106 b.
104 a. 104*2 a.
West. Division—let, 5s, 1931.
Jan.
Jan.
Jan.
Jan.
117*4 Feb.
98
Jan.
108*4b. 108*2b. 108*8 Jan.
Gen. 6s, 1934
Col. Coal A Iron—let, 6a, 1900..
Gol. H. Vai. A Tel,—Con. 5a, ’31
Gen. gold, 6s, 1904
Feb.
108*4 Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
109
25-year debent. 5a, 1909.
Extenaion 4a, 1926
Chi. R. I. A Pac.—6a, coup. ]
Exten. A col. 5a, 1934—
Feb.
Jan.
Jan.
Jan.
Feb.
103
132
106
95
94
113
101
.Gold, 7a, 1902
(Sinking fund 6a, 1929..
flinking fund 5a, 1929..
114*4
114%
103%
103%
114*4
69
129*4 Jan.
104*4 Jan.
97*4b.
Feb.
Feb.
I16*sh. U0*2b 114%
125 b. 123*4
Ill2*4b. 11234b. 111*4
104*8
1104
101*4
Terminal 5s, 1914.
Jan.
104
100
102
Feb.
101*4 Feb.
114*4 Jan.
90*4 Jan.
105
Jan.
!l25 b.
Consol. 7a, 1905.....
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
22
b. 102
130*4b. 131 b.
105 b. 105*4b.
92*4a.
93 b.
117*4
116%
97*4
94*4
108*4
117*4
120*4
67*4 Jan.
67*4 Jan.
70
26
100
102
Debenture 5a, 1913
Feb.
Jan.
102% Jan.
70*4b.
b.
b.
b.
Jan.
113*4
101*4
113*2
114%
b. 110
105
83
107
Jan.
107
94
108*8
114*4
103 b.
102*4
113%b. 113 b.
115%b. 115%b.
103 b.
103
103*4
103%
Ban
Hr. 6a, 1900
Land grant 6a. 1890
Mort. 6b, 1936
27*4 Jan.
Jan.
2d, 5a, 1913
Central of N. J.—1st, 7a, 1890..
Consol. 7a, 1899
115
119 b. 120*4
Convert. 7a, 1902
99
b.
1908
Convert, deb. 6a,
....
101*4
98
100*4
General mort., 5a, 1987
114 b.
Railroad Bonds.
Highest.
Lowest.
RANGE SINCE JAN. 1, 1888.
Closing.
Range since Jan. 1.
Closing.
06} §Oi.U} B“r«
161
THE CHRONICLE
18S8.J
40
Tennessee—6a, old
Compromise, 3-4-5-6S
New settlement—6a
1892-1898
1912
5a
3a
Virginia—ob, old
6a, consolidated bonds
96
121
6s, consolidated, 2d series
6a. deferred, trust rec
1913
1913
1913
112
4
Ask.
5*4
106*4 108
59*4 62*4
69*4 71*4
102
70
48
96*4
70*4
90
60
9*4
*9%
162
THE CHRONICLE
[VOL. XLVI*
V'
ABSTRACT FROM REPORTS OF THE NATIONAL BANKS MADE TO THE
COMPTROLLER DECEMBER 7, 1887.
Deposits.
© -<
Loans & dis¬
Cold and
Cold
Silver
Capital.
Surplus.
Leg.tend' *
1887.
Silver.
counts. (IncTg gold C. U.
Treasury
jSl
Treasury <£ u. S. ctfs>„•
Individual.
Other.
overdrafts.) certificates. certificates
certijic'tes of deposit.
$
f Maine
*0 N.Hampshire.
74
49
49
54
198
£* Vermont
Boston
S Mass., other
*■* Rhode Island.
..
f New York City
®
other
^ New Jersey...
2 Philadelphia..
E Pittsburg
g Penna., other.
1 Total Div.No.2
Baltimore
1,272
49,15O,<(00
1,750,000
34,>*72,260
30,6^0,762
13.098,350
4,514,268
10,856,303
l,243,0u0
10,134,597
22,758,000
10,180,000
33,615,340
17
17
31
7
1
25
2-
....
*3 Maryland, oth.
Washington...
2 Diet. Col., oth.
$
132,937
5,594,388
6,339,889
468,261
190,518
79,838,623
3,772,522
52,320,485
14,085,061
23,828,572
304,120
136,257
1,480,138
191,713,741
6,4b4,7o3
226,090.463
6,270,826
9,494,703
150,000
1,221,892
953,550
681,048
607,264
482,519
88,508,091
37,974,941
76,581,274
24,176,560
4,415,035
11.651,310
73,435,2/5
710 16 >,423,950
£ Delaware
®
24.444.370
47
6
272
81
43
23
238
Albany
^ N. York,
1.454,781
1,572,214
12,652,035
14,203,975
4,257,985
6,910,033
43,457,308
44,790,500
20,340,050
56b 104. H"
$
9,706,720
2,406,285
50,950,000
61
83
Connecticut...
1 Total Div.No.l
$
10,585.352
6,205,000
7,566,000
70.838,34-
530,741,006 13,590,976
2,083,985
809,350
11,713,260
3,908,794
44.976
3,544,400
902,096
481,204
60,000
1,424,892
464,871
18,522,509
6,390,192
565,936
198,000
96,871
2,806,700
1,575,< 00
252,000
$
$
605,741
286,142
331,25^
4,290,336
2,099,550
479,276
1,260,060
9,312,060
18,898,503
9,583,071
13,075,357
125,029,621
91,587,598
34,822,020
42,478,196
335,574.300
$
*7,920
11,520
109,548
80,170
9,8 SO
3,551,620
253,100
79.880
465,095
122,059
53,978
196,020
293,230
4,110,010
1,493,7.50
258,201,928 26,138.553 30,74 4,9z0
8,077,920
409,389
225,000
100,324,493 3,319,296 1,025,420
40,815/285 1,1 18,542
172,530
83,428,797 9,778,627
8 4/200
31,733,910 2,172.493
873,970
80,833,298 3,610.552
294,020
003,415,031 4t->,5 17,452 33,450,060
703,739
gg West Virginia.
1 TotalDiv.No.3
3,796,300
1,961,000
118
2 i,
<
88,^45
40,104
366,500
618,70 J
103,207
854,794
19
16
Georgia
21
11
20
12
3,421,4 oe 1,800,68
1,342,507
205,724
864,340
46,645
471,360
8 4,375
100,000
75,000
362/536
239,509
27,110
7,420
3,121
2,570,177
131,355
40,635
6,636
123,344
41,746
70,500
775,144
227,107
56,995,542
2,692,262
1,524,415
508.970
418,84b
4,099.440
82,749
550,7d4
155,509
99,779
4,987,653
4,376,674
151,815
176,621
171,9(50
31,870
217,107
74,817
726,796
1,220
12,020
99,650
45,85b
3,100
11,921
103,185
9,880
44,6 23
46,954
325,577
34,898
261,342
271,482
439,768
417.643
1,589,394
Cleveland
5
Ohio, other
Cincinnati....
Indiana
Chicago
ig
2
E Illinois,
•
•
•
...
other.
Detioit
Michig’n,other
Milwaukee....
p Wisconsin,oth.
30,308
10,047.000
950,000
2,457,98.“
2,340,618
1 ,465,3v)8
31**
47,711,/ 00
11,666,372
77,87~,759
4,733,007
lo
9
192
93
18
160
8
101
3
54
10,180,000
6.750,000
1,860,000
959,000
23,030,004
5,219,688
3,534,421
4,187,000
4,662,505
454,000
2,212,617
390,000
17,249,351
9,987,433
40,468,318
25,087,456
44,833,490
33,907,146
9,630,920
4,239,46.**
371,070
1,082,921
22,526,347
47,672
..
Tennessee
Total Div.N©.4
f
6
1,199,000
500.4 00
3,551,500
Arkansas
Kentucky, oth.
k
2,925,000
9,758.900
7,485,000
Texas
..
8
5
91
7
9
59
40
640,000
3,494,000
11.894.500
15,050,000
14.381.500
4,000,000
10,860,850
650.000
4.530.00O
1 TotalDiv.No.5
6-3 101.326,850
f Iowa
I Minnesota
129
57
4
10
35
146
8
95
....
St. Louis
£ St. Jo.AKan.C.
£ Missouri, otli’r
•
ej
Kansas
g Omaha
F Nebraska, oili.
<•2
1
Total Div.No.6
54'-
f Nevada
267,6'»3
15" ,000
S California,oth.
^ Washington T.
2,700,000
4,225,000
I,8l5,0o0
20
1,520,000
10,410,000
g Oregon
1 Total Div.No.7
78
£ Arizona
♦J Colorado
“
350,000
17
1,975,000
9
850,000
850,000
7
8
X Wyoming
1 Total Div.No.8
690,853
425,749
580,159
6
A,(>75
160,685
10.698,209
2/9,331
644,384
2,416,0)5
13,199,181
29,067,262
1,037,051
1,413,914
3.80/,750
437,437
13,552,143
851,751
278,115.587 20,354,1(59
7.991,330
717,168
1,162,404
242,522
1,036,984
806,451
15,169,301
5,296,964
21,527,770
8,466,919
14,002,915
1,075,000
7,980,260
18/260
25,452
37,481
103,319
198.X51
158,224
951.776
57,001
2,140,613
58,220
16L.856
701.643
514,194
732,799
7,158,550
1*2,303
122,170
1,355,6 77 I,0i4,le8
2X0,700
225,000
63,285
101,880
131,470
2,452,2 50
203,8 0
430,579
358,491
337,190
400,295
3,4'>0
38,340
115,000
7,490
80,951
235,605
3,559.380
2,14:>,J09
86,1m
228,72b
190/211
49,311
30,511
158,056
49,702
202,039
120,003
133,700
88,7o-
93,000
12,610
48,873
16,170
15,120
16,790
3,02»,0o6
1,068,000
2,731,710
1,794.376
5,419,947
21*307
48,423
309,0 >5
62,356
20,815
25,185
30,888
113,1 17
26,640
341,300
12“,400
597,211
48 *',304
8,162,312
138,856
442,695
1,716,380
745,720
849,226
3,055
446,336
520,708
4,954
588, i5u 18,321,061
1,090,428
9,844
930,645
1,130,407
1,635.341
278,281
1,144,394
88,799
7,436
57,636
69.574
9,330
14,109
11,540
665,968
303,449
1,130,430
381,705
7,572,756
81.573
4,203,073
3,120,241
551,2b3
52,495
14*,2.0
4,531,989
15,256,084
1,222,063
”"590
3/298,642
5,652,85b
4,114,735
253,030
869,958
555,355
1,210
2,330
3/257
28,748
156,892
70,320
57,950
4.013
299.020
47,754
68,678
30,130.9 0)
5,998,513
•257,160
317,667
77,125
423,803
144,326
21,725
12/4)7,993
1,273,871
51,190
802,399
47,300
1,390
118,934
**9,02*4
13,815
964,296
5,109,658
3,858.845
573,644
32,163,63 4
721,901
131,116
930,000
28,981
420,450
174,936
373,278
213,368
2,141,013
25,209
403,874
54,152
6,877,897
141,581,099
311,797
1,486,601
37,9 43
119,281
2,000
227,650
139,179
1,940,285
314,099
633,126
273,447
2,069,92b
20,213,409
781,550
158,810
213,457
65,180
36,230
1,940,941
1,044,789
2,071,176
92.418
8.9L0
114,570
6L9.8U0
9,332/227
2,001,125
24,700,427
37,187,490
24.820
19,0.2 z
229,613
20,483
85,677
6,780
5,856,730
10
4u,0o0
262,744
23,702,139
36,990,852
r
524,945
499,978
9,175,796
3,347,231
28,596,846
60,842,435
10,228,574|
7,622,841
(9,505,52
3/290
93,S L7
141,173
31,021
6,000
397,073
394,780
51,494,146
136,634
11,317.209
4,388,834
16,017,069
5.9.000
917,273
667,331
2.780,24 0
6
..
25,047,8;>9
5,693,555
100,<00
31!
«
125.11U
678.605
73.S02
196,34(5
16.862,790
C07.212
ly,083,230
1,448,378
1<
769,012
1,143,257
720,4'. 2
2,578,182
2,366,052
1,040,000
55,639
19,011,798
1,110,856
13,077,477
2,531,000
11,234,280
2
911,615
1,429,746
4 58,2r 5
3,741,489
543,000
558,993
2,400,000
6,030,000
3.725,000
58,811,117
402,09 t
159,994
220,; 69,427
6,275.000
1,600,867
7,630,795
2,512,631
10,853,741
1,274,832
19,728,583
3,013,971
9,454,911
17,569,511
402,351
1,195,586
2,700,000
7,489,556
80,148
24.6.4,817
10,-22,300
13,693,537
3
30
23
£ San Francisco.
Idaho
fe Montana
New Mexico
A Utah
3,694,264
4.097,705
111,500
951,175
Mississippi....
jj New Orleans..
**
Louisiana, oth.
P
Louisville
1,055,000
514,491
778,809
951,732
66,630
639,904
128,868
•
342.962
3,366.6 >9
2,025.947
5,648,333
1,766,863
2,881,056
35,717,962
26,091,532
6,915,554
4,090,540
357,717
10,551.739
4,062,744
4.903,75 i
1,642,113
5,689,819
1,857,800
11,646,302
868,093
15,381,228
2,569,260
3,889,851
10,057,835
11,580,738
Florida
C Alabama
gg
2,476,000
1,723,600
3,1<(6,» 00
10,000
143,846
103,128
33 ),329
70,208
152/ 83
7,540
’
North Carolina
South Carolina
6,426,023
3
139.918
775,075
7.686,813]
50/214
6b0,u.
4,925,710
6,lll,Oo6
9,404,023
2,997,186
4**,108,835
3,190,676
1,385,597
626,314
700,503
79,u67
990,090 19,686,132
67 4,400
.
$
211,032
132,899
178,952
9 614
207,976
597,010
7-8
E Virginia
%
12,330
8,97-:.
83.737
15,187,718
941/281
577.169
56,938
180,539
8,790,205
1,561,730
595,637
8,584,521
1,814,553
2,288,499
2,491,260
107,898
2,480.139
1,651,390
195,013
30,379,467
1,481.669
692,073
7(5,51(5
297,563
224,514
2,747,778
720
3,618
25,350
2,170
84,068
22,577
34,249
53,070
38 2,843
b65
7,480
50,7S1
'
22,331
2,916
26,166
59,023
596,244
82,968
70,884
4.189
6,0.* 9
9,150
30,162
28,616,789
128,610
274,486j
4 8,381
1,817,392
Total for U. S... 3.070) 580,733.0941175,246,40**
1.235,757.94. 42.931 30! 1,583.041,480 99,162,377
I4,34t.5un! 10.707,;»:» • i5.u29.102 81,536,987
STATEMENT OF THE NATIONAL. BANKS OF
THE RESERVE
CITIE3, AND TOTALS.
■2
rij
Totals
Reserve
Cities, &c.
*»
for
Resources.
Loans
Bonds for circulation..
Other U. S. bonds
Stocks, bonds, &c
Due from banks
Bost n.
Albany.
28*1
2*3
10 5
•3
Gold coin
4 3
8*3
30?
17*9
*4
....
U. S. ctfs. of deposit.:
National bank notes....
Clearing House exch’s.
3d
....
resources
Totals
Surplus fund
Undivided profits
Circulation
to
depositors
Due to bunks
Other liabilities
Totals
•I
...
•3
-
1"*
0
,
-
1
*2
13?
3*4
2*3
Cinc ¬
Jnati
|
Clevand. Chicago.
|
•l
7*5
1
*7
1-9
*8
*6
-5
•J
•4
•6
2*2
14
•2
*7
’2
•3
•7
9*3
•9
•5
‘1
*3
•2
25
•9
....
«...
,
,
,
,
....
•
•
•
•
0*3
....
2*(5
10 9
•
1
1*0
•2
*4
•1
•4
4*0
1*8
1*2
*5
•9
•a
1-8
*2
1*1
*7
*1
....
*1
•1
*3
•2
1*0
•1
14
•1
*2
•1
4*1
1*0
97,
2 0
1*8
•1
•6
•5
*4
54 5
*1
8-3
13
1*3
•6
*1
*2
•1
•1
5*3
•3
12
*5
•3
50 9
12?
49 1
1*8
30 0
1*2
4*5
113
•3
7-9
82
l-o
0*4
JS3‘(5 235«
33-9 1381
■2
*1
3:2
22*8 10 2 117
1 09
4 4
3*5
18
11
1*3
2 4
1-0
17
77 2 251 19 1
18-8
•2
4*3,
*3
•1
•4
*4
...
•2
1*8
1*2
11
3*9! 45-5
1*6
3*o 102
10
1*9
*5
*2
2*0
1-3
*
1
1-2
0 2 12-0
•5
•2
25
•1
*1
•4
•1
•6
1*1
5*4
....
•1
*1
9*3 21-0 1
37
193 7 4730 13 9 134 1 5 6 411
/
....
•1
S.
*4
•9
49*2
*8
1*7
•3
•2
*4
33*5
•4
3*2
2*0
*5
112 4
237
35 5
•1
•1
*3
•4
•4
•1
1*0
*4
*7
•1
1*1
*b
1*1
•1
*3
•1
•1
•1
•1
•2
•1
*2
M
*7
‘•I
10
*1
1*5
*7
•1
•5
•2
*5
*4
•3
•
•
•
.
*1
•J
...
•2
•1
*4
•3
•9
15 1
4*2
•1
0
•1
23* 100 4 19 9
os
St.
Cites
Cites. United Staes.
R
e
s
r
v
e
Kansa Omah . Fran¬ Total Total Other Total
..
•1
,
•
-
....
1 7
•2
2*8
1
17*9
#
....
r-
*7
...
St.
cisco.
....
2*3
4*1
1*2
Milwauke Louis. Joseph.
Detroi.
|
City.
Mill's. Mil's Mil's Mil's Mil's Mil's Mil's
Mil's Millions. Millions. Millions.
00 8 13 2
3*8 8*0
1*9 13 5 S*5
4*5
7 1 1 *8
872*1 1.583*9
•4
1*1
*3
*7
-2
•4
*3
*8
30 2
150 2
180 4
1*1
*7
•0
*5
*3
*3
*7
200
22*0
3*0
1*5
193/ 4 730 13 9 134 1 47*0 411
Liabilities.
Capital stock
Due
Pitsburg.
1
c
A
2‘9
Due from U. S. Treas..
Other
Co
|
2-9
notes
^
J
Real estate
Legal tender
a,
Mill's. Mill's. Mil's Mill's. Mil's Mil's Mil's
Mil's Mil's Mil's Mil's
1250 25S ‘2
8*1
83*4 317 20 1
4*1 1 0 9
9o 23 7 10 9
8*8
11
9-5
2*7
l-s
•7
1*9
1*4
*7
*(5
2*8
3 0
*2
0*0
(5
•($
'(5
*9
*9
•3
4*4
2-9
•3
10 (3
*3
3*3
*9
*4
1*6
*2
•1
2*4
25-0
Gold Treasury cert’s...
Gold Clear. House ctfs.
Silver coin and certifi’s
,
'
.
V
f
79
•
•
•
•1
•1
•
1
•2
7*2 15*2
•1
‘2
•3
3*3 22*1 15 1
•1
35 1
40 5
38*2
3‘8
73 7
44*3
255
0*3
9 4
25 5
15*7
75 4
43*3
5*0
7*7
82 7
2*3
13 5
*-4
85*1
9*3
7*0
<><»••>
•7
2*7
*3
0*0
2*4
2-7
205*5
375 2
•4
10
•1
*4
•0
•3
70 4
98-8
53*1
-3
2*2
*5
•2
•3
•1
*4
•2
•
O
20 8
*5
•8
•3
•3
•(5
•1
*4
•3
"7
4 5-(5 10 3
4*3
0 1
2*2
97
8*1
27
32 5
1*3
1*2
31 5
590 9
209 1
93121 *0;1 3*9 45 5 23*0 100
0*2
24*0
•5
10
2 (5
-
•0
10*3
4*0
2*4
*7
32 1
4*1
4*2
•4
4*9
2 9
•2
•3
*1
•3
.fl
4 199
7*2 15 2
~3-3
22*1 15*1
42 7
7 8 1,207 1 1,417 1 2,024 2
•(5
•7
90*8
253 2
58-8
*2
4*8 215 10 4
3*0
2*4
7*8
57*3
140 8
0 9
580 7
175 2
799
105 0
133 5
087*8 1,278*7
52-8
321 9
22*8
15 9
L2077 1,417 1 L024 2
~
February
168
THE CHRONICLE.
4, 1888.J]
GENERAL
STOCKS AND
QUOTATIONS OF
BONDS.
represent the per oent value, whatever the par in xy be; other quotations are frequently male per share.
The following abbreviations are often used, viz.: “ M.,” for mortgage; “g.,” for gold; “ g’d,” for guaranteed; “ end.,” for endorsed;
tor consolidated; “conv.,” for convertible ; “s. f.,” for sinking fund; “1. g.,” for laud grant.
Quotations in New York are to Thursday; from other cities, to late mail dates.
Subscribers will confer a favor by giving notice of any error discovered In tliese Quotations.
Quotations In New York
United States Bonds.
Bid.
Ask.
x03%
to778
126»h
1265^
103%
108 ^
"
Q—M
coup..Q—M
reg... Q—J
coup.. .Q—J
reg..
bounty, exempt, 1893... M & S ill
water, 1894
J&J 107%
1900
J&J
West. Md. RR., 1902 .... J&J 120
5s, 1916
M&N 127%
6s,
5s,
6s,
6s,
127
126%
reg—J&J 120
1895
1896
1897
reg—J&J 122
reg—J&J 124
SECURITIES.
Alabama—Class “A,” 3 to 5,1906...
Class “B,” 5s, 1906
STATE
06
HO
100
J & J 1031*
Class “C,” 4s, 1906
6s, 10-20, 1900
Arkansas—68, funded, 1899 ..J & J
7s, L. R. &Ft. 8. issue, 1900. A & O 20
7s, Memphis & L. R., 1899..A & O
7s,L. R. P. B. &N. O., 1900. .A & O
7s,Ml8S.O. & R.Riv.,1900..A & O
7s, Ark. Central RR., 1900. A & O
7s, Levee of 1871,1900
J & J
California—6s, funded debt of 1873’
Connection—New,rg. ,3 %s,1904J&J* 101
New, reg. or coup., 3s. 1910
* 100
1
20
15
104
105% i'0G
Dakota Ter. 5s. l0-2°s of 1887
101 % 102
'
4%s, 10-20s of 1*87
Dist. Col.—Con^.3-65s,1924, cp.F&A 118% 11058
1185s 119*t
Cou». 3-65a, 1924, reg
Market stock, 7s, 1892
Water stock, 7s, 1901
do
78,1903...
Florida—Consol, gold 6s
110
107
111
106
109
106%
123
1110
j 126
!127
J & Jt 103
112
A&O’lOO
Maine—3s, 1890-1929
■
War debts assumed, 6s, ’89. A & 01
Maryland—Gs. Hospital, ’87-91 J&Ji 98
6s, 1890
Q—J; 93
3-05s, 1897
J&J
1003*
108
116'
J & J
Funding bonds, 1894-95
J & J
Long bonds, ’89-90
J & J
Asylum or University, 1892. J & J
New Hampshire—5s, 1892
J&J
War loan, 6s, 1892-1894
J&J I
War loan, 6s, 1901-1905
J & J
New Jersey—6s, 1897-1902
J&J*
6s. exempt, 1896.
J&J*
New York—6s, gold, 1891
J&J
6s, gold, 1892
.A & O
6s. gold, 1893
A&O
do
Covington. Ky7-30s, long
Water Works, 1890
4 s, 1937, now
Dallas, Texas—8s, 1904
10s, 1893-96
40
olf
A&O
6s, funding act of 1866.1900 J&J
A&O
Penna.—5s, new, reg., ’92-1902.F&A
4s, reg., 1912
F&A
Rhode Isl’d—6s, 1893-4, coup..J&J
South Carolina—6s, Non-fund.,1888.
Compromise bonds, 3-4-5-Gs, 1912i 69
Settlement, 68, 1913
101
Settlement, 5s, 1913
90
70%
M&S1103
M&SI 115
6s, deferred bonus
Tax-receivable coups., f rom cons’ls
from 10-40s.
Do
NewJs
(Riddloberger). 1932.J & J
10-40s,
cp.
CITW
& reg., 3 to 5,1919.J&J
43*8, coup., 1885-1901
4s, coup., 1901
Var.j
...Var.
Allegheny Co., 5s, cp., 1913. J&J J
4s, riot loan, 5-1 Os
48, riot loan, 10-20s
5s,
do
10-20s
4s, refunded. 5-20s, 1891-1906
Atlanta, Git.-7s
Do.
41
9%
97b
33 %
26%
8s
Waterworks
Augusta, Me.—Os, 1905,
Augusta, Ga-7s
Hudson County 5s, 1905
Hudson County, 6s, 1905
Hudson Couuty 7s, 1891
278*
6532
65
I
115
138
109
100
100
105
100
100
100
100
101110
108
114
Fund. J&Ji 118
Various 106
115
115*
103
12032
106%
115
106
103
98
114
106
123
105
.
_
101
101
101
101
102
120
120
104% 105
J&.J
Lawrence, Mass.—6s, 1894...A& 01
68,1900
A&O
111%
121
Louisville, Ky.—7s, longdates. Var.i
7s, short dates
Var.i
6s, long
Var.i
Var.1
68, short
i
1
M&N
53,1899-1900
Lowell, Mass.—6s,1390, W. L.M&Xi
Lynchburg, Va.—6s.
J & J
J & J
8s
Lynn, Mass.—Water loan,6s, ’94J&.J
Water loan, Gs, ’96
J&J
5s, 1905
M&Nf
Macon, Ga.—6s
Manchester, N.H.--6s, 1894
6s, 1902
48
J&Ji
J&J
I9U
<^-M
Price nominal; no late transactions, t Purchaser
9J J&J
1900&over.J&J
Pittsburg, Pa.—4s, coup., 1913.J&J5s, reg. and coup., 1913
J&J.
6s, gold, reg
Var.
78, water,reg.&cp.,’93-’93-..A&0.
126
134
104
117
8s, special tax
Philadelphia, Pa.—6s, 1886-
6s, new,reg.,due
5s, Refunded,
116
107
108
122
103
1912
108
New
82
adjustment, 4s...............
Richmond. Va.—6s,
8s, 1386-1909
5s, 1914-15
4.8
Rochester,
1884-1914. J&J
{&«*
J&J
• • • •
N.Y.—6a
J & Ji
7s, water, 1903
Rockland, Me.—6s, ’89-99, RR.. F&A
St. Joseph, Mo.—Comp’mise 4s, 1901
St. Louis, Mo.—6s, 1892
Var.i
Var.i
5s, long
100
1*07’
107
102
J&D.i
4s, 1905---
A&Ot 118
t 92
{ ....
St. L. Co.—6s, gold, 1905
St. Paul, Minn.—4s, 1912
4%s, 1916
also pays aocruod interest.
+
120
96
} }11 112
\}\2
Worcester,
J1!
128
190o..A&0
A&OI
1900.M & N
Var.1
Dist. of Coi.
Mass.—6s, 1892—A&Oi 107
109
A&O 112 114
A&O 102% 1C4
58,1905
4s, 1905
RAILROAD BONDS.
Austin, Texas—10s
Baltimore—Os. consol., 1890.. Q—J
Memphis,Ten.—Tax.Dist. Shelby Col
6a, Balt. & O. loan, 1890
Q—J 103% 104% Milwaukee, Wis.—5s, 1891 ...J & D
106
i 7s, 1896-1901
6e, Park. 1890
Var.t
114
6s, bounty, 1893
M& 8
"
105
112
Washington, D.C.—See
1*18'
'Long Island City, N.Y—Water.7s—
io6
125
J&J
J&J
7s, 1903, water loan
Toledo, 0.-7-308, RR.,
8s, 1893-94
M&tJ&J
J&D
Bayonne City, 7s, long
37
36%
113
137
4s lou*r.............................
Petersburg, Va—6s
Springfield, Mass.—6s,
Indianapolis,Ind.—7-30s,’93-9, J&Ji
Jersey City—6s, water, long, 1895..
i 7s, water, 1899-1902
J&J
7s, improvement, 1891-’94—Var
i
7s, Bergen, long
J&J
”
.SECURITIES.
Allegheny, Pa.—5«,cp
1110
j L10
! 100
112
105
112
107
103 3*
6s, funded
32 %
Newton—6s, i.905, water loan.. J&J
5s, 1905, water loan
J&J
Norfolk, Va.—6s,reg.stk,’78-85 ..J&J
8s, coup., 1890-93
Var.
8s, water, 1901
M&JJ
A&OI
Norwich, Ct.—5s, 1907
7s, 1905
J&J
iOrauge, N. J.—7s, long
’
Oswego, N. Y.—7s, 1837-8-9
....1
Paterson, N. J.—7s, long
v ai
6s, long
5s, long
4%s, long
L20
Providence, R. L.—5s,g.,1900...J&J 1
113%
6s, gold, 1900, water loam.J & J1
100% Rahway, N. J.—Old 7s
I Houston, Tex.—10s
7s, gold, 1892-1910
7e, gold, 1904,
J&Ji 1125
Vermont—6s, 1890
J & Dj
J & J 43
Virginia—6s, old, 1886-’95
6s, new bonds, 1886-1895...J & J 48
6s, consols, 1905. ex-coup
J&J 40
6e, consol., 2d series
J&J 60
120
129
108
126
138
126
113
6s, 1900
7s,
8s 1904
t 12o
! Capito1- untax, 6s
1 110
1*05
Hartford Town 4328, untax
t, 100
Salem, Mass.—6s,’98, W. L.A& O..M116
I Haverhill, Mass.—6s, 1889... A&Oi 402% 103%
J&Jt!llO%
5s, 1904, W. L
113
Savannah funded 5s. consols
...1101%
Hoboken, N. J.—5s, long
117
Somerville, Mass.—5s, 1895..A&O|| 105
; 6s, long
125
7s, long
5s, 1905
V--A&OI 109
Tennessee—6s, unfunded
Settlement, 3s, 1913
i! 110
1jl00
ij 103
i
5s, 1920..
J&D, 92
'Hartford, Ct.—City 6s, var. dates..6104
Brown consols
Tjxas—6s, 1892
1
M&S
iGalvestoii, Tex.—8s,1893-1909.M&S 101
5^
..Var.i
Var.i
Var. i
New Bedford,Mass.—6s, 1909. A &Gt
A.&O
5s, 1900, Water Loan
N. Brunswick, N. J.—7s, long
1
7s, long
7s, water, long
L35
do
4s,
1915.
123 3* Portland, Mo.—6s, Mum, 1895.Var.*
L22
1221* 123 8i
6s, railroad aid, 1907
1 14
114%
4s, funded, 19.>2-12
- J&J
L04% 104%; Portsmouth, N.H.—6s, ’93, RR. J&J i
118
110
Poughkeepsie. N. Y.—7a,water long I
132
Water, 6s. 1900
Detroit, Mich.—7s, long
Var.i j 120
7s, water, long
Var.i! 125
Elizabeth, N. J.—New 43,1912.M&N 82
Evansville, Ind—7s, long. Various
95% Fall River, Mass.—6s, 1904...F& Ai 120
122
5s, 1894, gold
F&A 1405%
5s, 1909
F&Af! llu
| Fitchburg, Mass.—6s. ’91,W.L..J&Jt! 104
6s, new bonds, 1892-8..
J&J
6s, Chatham RR..'.
A&O
Os, special tax, class 1,1898-9A&0
4s, new, cons., 1910
J & J
V
103
102
5s
7 coupons
6s. 1919
13232
I
Cleveland,O.—7s, ’94, fd. debt.. A&O!
7s. 1896, canal
M&S 118
6s, 1898
Var. 113
5s, 1887-89
Var. 100
Columbus, Ga.—7s
Var. 110
No.Oarolina—6s. old, 1886-’98.. J&J
6s N. C. RR., 1883-5.... J&J V
6s
105%
Southern RR. 7-30s. 1906...J&Jt
do
6s, g., 1906
M&N i
do
Cur. 6s, 1909
F&.A1
do
Skg. fd. 5s, 1910M&N t
Hamilton Co.. 4s
Michigan—7s, 1890...
M&N 106
Minnesota— Adj. 4%s,1912, 10-30.. il02
Missouri—6s. 1888
ii>7
J&Ji
103
106
111
120
126
128
129
113
6s, 1896
6s. 190 L
7s, 1890
7s, 1896
7s 1901
i*ii%
4s, 10-20
new
134% 134%
Premium 5s
Consolidated 6s, 1892
Var. 109% 110%
Newport, Ky.—Water bonds 7-30s..
123**
New York City—5s, 1908
112
114
125
M&N1
5s,
Nashville, Tenn.—6s, short
6s, long
Newark—4s, long
432s, long
5s, long
6s, long
6s, long
106
7-30s. 1902
5s, 1893
8s, 1905
4%s, 1913-15
New Orleans, La.—
Var.i
Cincinnati, O.— 6s, 1897
Massachusetts—5s,gold, ISOl.A&O 105
5s, gold, 1894
J&JI 109
5s, gold, 1897
M&S, 112
1103s
108
106
111
103
127
154
161
139
161
Cook Co. 4 Us, 1900
West Chicago 5s, 1390
Lincoln Park 7s, 1895
West Park 7s, 1890
South Park 6s, 1899
L03% 101”
121
115%
Georgia—7s, gold bonds, 1890. Q—J 105% 106
Chicago, lll.—7s, 1892-99
6s, 1895
4%s, 1915
J&J 104% 105%
Kansas—7s, long
4%s, 1900
J&J
Louisiana—New con. 7s, 1914..J&J 100
3-65s, 1902
93
Cook Co. 7s, 1892
Stamped 4 per e nt
j 927b
548>
Cook Co. 5s, 1899
Baby bonds, 3s, 1886
F&Af 53
Ask.
VariousijlOO
Vurious1;l30
Various i 102
Mobile, Ala.—4-5s, funded —J & J
Montgomery, Ala.—New 3a ..J & J
*
106
110
101
103
105
129
112 »*
Charleston, S.C.—6s,st’k,’76-93..Q-J
7s, lire loan bonds, 1890....J & J
7s, non-tax bonds
4b. non-taxable
Chelsea, Mass.—6s, 1897,water loan!
112
108
119
7s, water, long
Var.i
6s, Park, 1926
M&SI
Cambridge, Mass.—5s, 1889...A&Oi
6s, 1894. water loan
J&J
6s, 1896, water loan
J&J
6s, 1904, city bonds
J&J *
„
Bid.
City Securities.
Minneapolis—4s, 1906-1916.Various I 90
106
Boston,Mass.—Os.eur,long, 1905Vari
68, currency, 1894
Var.
5s, gold, long
Var.i
43*s, 1908
A&O
4s, currency, long
....J&J
Brooklyn, N.Y.—7s, 1890
68, Water, 1891
6s, Water, 1899
6s, Park, 1924
7s, Park, 1915
78, Bridge, 1902
7s, Bridge, 1920
Buflalo, N. Y.—7s, 1895
—
Funding 5s, 1899
J&Ji
Perm. imp. 6s, guar., 1891...J&J1
Perm. imp. 7s, 1891.
J&.Tt
Wash.—Fund.loan(Cong.)6s,g.,’92t
Fund. loan(Leg.)6s,g.. 1902 Varl
J&J
4s, 1920
Bangor, Me.—6s. RR.,1890-’94.Var.i
6s, water, 1905...
J&J
6s, E.&N.A. Railroad, 1894..J&Ji
6s, B. & Piscataquis RR.,’99.A&Oi
Bath, Me.—6s,railroad aid
Varl
5s, 1897, municipal
Belfast, Me.—6s, railroad aid, ’98.. 1
reg—J&J 126
ree—J&J 123
1898
1899
Ask.
Baltimore—(Continued)—
UNITED STATES BONDS.
4*ss, 1891
•4i*8,1891
4s, 1907
4s, 1907
6a, Currency,
68, Currency,
6s, Currency,
6s, Currency,
68, Currency,
Bid.
City Securities.
“cons.,,*
la London.
(Jlonils of companies consolid’led will
be found
Ala. Gt.
under the consol'd name.)
113
1906.. 1,108
I, 55
... + ;
45
Southern—1st rnort., 1908,4
Debenture scrip, 6s, gold,
Ala. N. O. T. &c. 1st deb. 6s
2d debent. 6s, 1907
Vlb’y & Susq.—1st M., 7s, ’83...J&J 101
Cousol. niort.,7s, 1906,guar .A&O 125
135
Consol, mort., 6s, 1906, guar.A&O 120
121
4.1 leg h. Val—Gen. M., 73-10s.. J&J 114
East, exten. M., 7s, 1910
A&OllO
A&O: 21
Income, 7s, end., 1891
25
Atch. Top. &S. Fe— 1st,7s, *99 J&Ji 119% 120
Land grant, 7s, g., 1902
A&OM16% 117
Siukiug fund,6s, 19L1
J&Dt 102% 103%
Guaranteed 7s, 1909 .J&J&A&Ot 145
117
5s, 1909 (1st mort.)
A&Ot 95
97
88% 88%
5s, plain bonds, 1920
M&Si
A&Ot
4%s, 1920
FiorenoeA El Dor’do,lst.7s.A&Ot
108
K.C.Topeka&W.,lst M.,7s,g. J&J I
123% 124
do
income 7s.
97% 98
f!3
N.Mex.&So.Pao.,1st,7s, 1909A&Ot >13%
§ Part being redeemed. H Coupons
111
113%
113%
since ’69,
164
THE
GENERAL
For
Railroad Bonds.
QUOTATIONS
Ask.
Sterling, 5s, 1927
Sterling, 6s, 1895
J&D
M&S
Sterling mort., 6s, g., 1902. .M&S
do
6s, g., 1910.M&N
ParkersburgBr., 6s, 1919...A&O
Balt.& Pot’c—1st, 6s, g., 1911
1st, tunnel, 6s. g., g’d, 1911.
)
Beech Creek— let,g’ia, 4s,1936
J
j
i
.
Buft.N.Y.&Erie—1st, 7s,
Buflalo N. Y. & Phila.—
83*5
27*e
43
Ch.&Ihd.Coal R’y.lst 5s, 1936 J&J
Chic. & Mich. L. S. 1st 8s, 1889....
Chic. Mil. & St. Paul—
P. du C. Div., 1st, 8s, 1898. F&A
50
Oil Creek, 1st M.
Bufl.&
Southwest.—6s, 1908.. J.&J
P. D.,
...
107
94
105
do
1st, 5s, 1921...
Wifor. Pac
1st M., 4 *ss, g.
2d M.. 6s, g.,end C. Pac., ’S
97*s
100
100
103
50
—
do
do
112*4 112*5
87*4 87*5
Income 6s, 1926....
109
Cape Fear AYad.Val.,1st,6s,1916..
Carolina Cent.—1st,6s,g.,1920. J&J
2d, ino., 6s, 1915
A&O
3d, inc., 6s, 1910
106*5 107
94
94*5
95
95*5
102
15
10
123
Cedar F. & Min.—1st, 7s, 1907. J&J
78
Cedar R. & Mo.—1st, 7s, ’91...F&A i 105
131
2d mort,, 7s, 1909, quar
J&D f 114
Cent. Br. U. Pac., lets, 6s, ’95.M&N 104*5
Fund, coupon 7s, 1895
M&N 105
Atch.& Pike’sP k, 1st. 6s, g. M&N 103
Atch.Col.&Pac.,lst,0s,1905Q.—F 104
Atch. J.Co.&W.,1st,6s,1905.U,—F 103
Cent, of Ga.—1st. cons., 7s, ’93.J&J 109
Collat’l trust 5s, 1937
M&N 101
Cent. Iowa—New 1st., 7s , ’99. J&J II 80
Inc. bonds,“ debt certs.”, 7s,A&O
12
Eastern Div., 1st, 6s, 1912..A&O
64
Ills. Div., 1st, 6s, 1912
A&O
Cons., gold, 6s, 1924
45
J&D
Central RR. of N. J.—
1st, 7s, 1890
F&A
104*s
Gen. mort., 5s. 1987
J&J 101*4:
7s, conv., 1902
M&N 120
Consol. M., 7s, 1899
Q—J 117
Conv. deben. 6s, 1908
99
M&N
Am. Dk.& Imp. Co., 5s,1921.J&J 103
-
JL«h.&
Wilkesb.Coal,iuc.,’88,M&N
Consol., 7s,gold,1900,ass’d.Q-M
Cent. Ohio—1st M.. 6s, 1890..M&S
Cent. Pac.—1st, 6s, gold, 1895 .J&J
1st, 6e, gold, 1896
J&J
1st, 6s, gold, 1897
J&J
1st, 6s, gold, 1898
J&J
108
25
15
•
m
mm
103
103
85
107
Price nominal; no late transactions.
Chic. & Pac. Div. 6s, 1910
.J&J
do
West Div., 5s,1921. J&J
Chic. & Mo. Riv. 5s, 1926....J&J
Mineral Pt. Div., 5s, 1910...J&J
Chic. & L. Sup. Div., 5s, 1921J&J
Wis. &Minn. Div., 5s, 1921...J&J
Terminla 5s, 1914
J&J
..
Dubuque Div., 1st, 6s, 1920.J&J
Wis. Val. Div., 1st, 6s, 1920. J&J
Fargo & South.- 6s, ass. 1924. J&J
Chicago & NorthwesternConsol., 7s, 1915
Q—F
131*5
Consol., gold, 7s, cp., 1902..J&D
117
Sinking fund, 6s, 1929
A&O
do
58,1929
A&O
do
debent., 5s,1933.M&N
Exten. bds. 4s, 1886-1926...F&A
105
j
M&N
25-yrs. deb. 5s, 1909
105
Escan.&L.Sup., 1st, 6s, 1901.J&J
110
Des M.& Minn’s, 1st,7s,1907.F&A
102
Iowa Mid., 1st M., 8s, 1900. A&O
83
Peninsula, 1st, conv., 7s,’98.M&S
20
Chic. & Mil., 1st M., 7s, ’98..J&J
Mil. & Mad., 1st, 6s, 1905..M.&S.
Madison Ext., 1st, 7s. 1911.A&O
'
92
95*3
92*5
95
tll7
105
112
115
138
118
115
116
tlOl
Cin.
till
tioo
tioo
115
Sand’ky & Cl.-
117*5
100*3
100*«
118*4
114
114
80
30
Cin.Wash.&B.-
99
74*3
42%
50
Income 5s, 1931
130*5 131*5
tioo
101
i 105
105
106
1108
110
99*4
75*3
43
101*3
106*5
§102%
Gr*n. M., g., 5s, 1927
M«!
Cieve. & Canton-1st, 5s, 1917
Clev. Col. C. & I.—
1st mort. 7s, 1899
MJ
Consol, mort., 7s, 1914
J<S
Cons. 8. F., 7s. 1914
.L
98*s
§ 97
f
..
90
1 89*4
20
100
89*5
925a 93*8
tui% 112
94
94*4
121
126
......
■J-
107
1116
116*3
1105*5 106
108*3
1063s
t 89
till
1117
90
113
119
105*5 106
103
104
127
1125
Consol. 8. F., 7s,
126
128
101
102
77
95
76*5
tl05*s 106*5
1121
123
102*5
160*4
35
72*4
t 70*2
tl09
ioo*5
40
93*4
49%
116*5
do
2dM., 7s, 1892.J&.1 103
Col. & Toledo—1st mort. bonds
fill
do
uoo
2d mort
108
107
Col. & Rome.—1st. 6s, gu.Cent. Ga. 105
Col.& West.—1st, 6s. guar Cent. Ga.
|tl08
Col. & Xenia—1st M., 7@,1390.M&S 1....
Conn. &Pa88ump.—M., 7s,’93. A&O till
Massawippi, g., 6s, gold, ’89 J&J 100
Conn. West.—1st M., 7s, 1900. J&J
20
93*5
116% 117
91 % 95
100
97*5
72 5g
73
..
50
98
125*5 127
Connecting (Phila.)—1st, 6s ..M&S
116*5 119*2 Consol.RR.of Vt„ 1st, 5s, 1913. J&J
Cor. Cow. & Ant.—Deb.6s, ’9SM&N
124*5
114
116
Cumb. & Penn.—1st 6s,’91
M&S
116*5 120
Cumberl.Val.—IstM.,8s,1904. A&O
87*4
101
111
110
106
110
108
112
100*4
38
122
87*3
103
t
118
105
Dayton & Mich.—Consol. 5a
J&J + 104
3d mort., 7s, 1888, now 2d. A&O 1100
102*3
101
Dayt.& (Vest.—IstM.,68,1905.J&J tuo
126
1st mort,, 7s, 1905
122*3
J&J 120
125 76 Delaware—Mort., 6s,guar.,’95. J&J
125
116
Del.& Bound B’k—1st, 7s,1905F&A 131*5
123*s
113
Del.Lack.& W.- Conv.7s,1892 J&D 111
112
123*5 125
...mmm
Mort. 7s. 1907
M&S
Deu. &R. G. lst7s,gold, 1909.M&N
1st con. 4s, 1936
Denv.& Rio G.W.—lst.6s, 1911M&S
do
assented
102
112%
118*4
104
10438
98
101
100
135
118*5
79*4
72
66
77
Denv.S.P.&Pac.—1st,7s,1905 M&N
DesM.& Ft.D.—Guar.4s, 1905. J&J
1st mort., guar., 2*28, 19 05.. J&J
1st mort., guar. 4s, on extension.
101*5 102*5
100
116
*86*5
50
87
116*5 Det.&B.C.lst,8s,en.M.C.1902M&N
lud*4 106*2 Det. B. C. & Alp.. 1st,6s,1913 J&J 1105
I2u 5g "et.G.Haven&Mil.—Equip.6s,1918 1115
1
Con. M.f 5% till’84, after 6%.. 1918 1115
91
Det. L. & North.—1st, 78,1907. J&J 118*5
92*5 95
Det. Mack.& M.—Ld. gr. 3*28, S. A.
40
1395a 141*3 Dub. & Dak.—1st M., 6s, 1919. J&J
Dub.&S. City—1st,2d Div.,’94. J&J
111*«
131% 132
121*5 Dunk. A.V.& P.—l8t,7s,g..l900J&D 110
109
liO
108*5 109*5
94*5
104
105*4
East Penn.—1st M.,7s, 1888..M&S
E.Teun. Va.& Ga.—1st, 7s,1900 J&J
140
79
73
67
81
88
88
106
119
118
119
419*
160
11S34
'
—
j
Cin. & Chic. A. L., 1886-’90
104
107
104
110*5 ill
111**8
113*5 115
100
103
100
106
111*5
1
100
Series A, 1908
A&O
6s, gold, series B
M&N 1! 71^8
Extended 4s, 1986
70%
M&N
27
6s, currency, int. def., 1918..J&J
97*5
6s, 1911
A&O.
Dhes.O.& S.W.—M. 5-6s, 1911.F&A 108*5
72*4
■ 2d mort., 6s, 1911
F&A
*
tl07*5
)
....
103
J&J ’105
2d mort., 7s
Ches. & Ohio—Pur. money fd.,1898
Ask.
110
Divisional, 5s, 1930
J&J 105
Ala. Cent., 1st, 6s, 1918
J&J
113
Tenu. V. &Ga.R’y.—1st,5s,1956.
99*4 99 *3
123
j
East.
& W. Ry., Ala.—1st, 6s, 1926 i
j
130
]
120*2
Eastern,
Mass.—6s, g.,1906. .M&S 120
120
Elizab.Lex.& Big S.—6s, 1902.M&S 102*s 102%
119
118
1Elmira&W’mspt—1st Ds,1910.J&J
113
5s, perpetual
A&O 102
1130
J
Erie
& Pittsb.—2d, now 1st
J&J 102
55
Menominee Ext.,lst,7s,1911J&D|113J
113 J
Cons, mort,, 7s, 1898
..J&J 110
Northwest.Un., 1st.7s, 1917..M&S 1130
Equipment, 7s, 1900
A&O 100 i
105*8
Winona&St.Pet.—2d7s,1907M&N 130
131*4 Eureka Spr.—1st, 6s,gold,l9J3F&A 100*5 101*3
101 *u!
Ott, C. F. & St. P., 5s, 1909..M&S 105*2
Evaus.&Ind.—1st,guar.,g.,6s, 1924
121
North. Ills., 1st, 5s. 1910
M&S
1st, eon., 1926
J&J *1*04*"
117*5 Chic.R.I.& Pac.—6s, 1917,coup J&J i 32 *2 1*3*3 i Evaus.& T.ll.,lst cou.,6s,1921,J&J 117
104
Exten. & col. 5s. 1934
10 7^8
J&J
Mt. Vernon—1st, 6s
V&O, 109
Evausv.T.H.&Oki.—1st, 6s, g.M&N tiUO
Chic.&S.W..lst,78,guar.,’99.MvVN
Okie. &St.Louis— lst6s, 1915,M&S 116*2 12 j"*.‘ Fitchburg—5s, 1899
lA.vOit 103
114 *5 115
Okie. Santa Fe & Cal. —1st, 5s
10 i
10 »
|
5s, 1900-01-02
A&O;tl04
104 *5!
i‘97s iOO !
6s, 1897
A&O i 1097s
Chic, & Gt. East., let, 7s, 93-’95.| 104
112*5
7s, 1894
A&O
112*5
Col.& Ind. C., 1st M., 7s, 1904.J&J 1120
Flint & P. Marq.—M. 6s, 1920. A&O
do
112*5
2d M.7s,1904.M&N ill5
Ft..Madison & N. W., 1st 7s, g.,1905
Un.& Logansp.,lst,7s, 1905.A&O 1114 112*5
Ft. Worth & Deuv. C.—1st, 6s, 1921
Cal. & Oregon, series B, 6s, 1892
Cheraw&Darl.—lstM.,8s,’88.A&0
2d M., 7 3-10s, 1898..F&A
1st, $, gold, 7s, 1902
J&J
La. C., 1st M., 7s, 1893
J&J
I. & M., 1st M., 7s, 1897
J&J
I’a. & Dak., 1st M., 7s, 1899. J&J
Hast. & Dak., 1st M.,7s, 1910. J&J
do
5s, 1910....
J&J
Chic. & Mil., 1st M.,7s, 1903.J&J
1st mort., consol., 7s, 1905..J&J
1st M., I. & D. Ext., 7s, 1908J&J
1st M.,6s, 8’thwest Div.l909J&J
1st M., 5s. La C. & Dav.l919J&J
So. Minn. 1st 6s, 1910
J&J
Inc. conv. siu. fund 5s, 1916 J&J
Dak. & Gt. So. 5s, 1916
J&J
mm
S.Joaquin, IstM.,6s,g.1900.A&O 115*5 116*4
Cal.&Or. C.P.bond8,6s,g.,’92
Band grant M., 6s, g., 1890. A&O
Mortgage bonds, 6s, 1936...A&O
West. Pacif., 1st, 6s, g., ’99..J&J
Chari’te Col.&A.—Cons.,7s,’95.J&J
2d mort., 7s, 1910
A&O
Bid.
......
-
24
110
90
106
90
Railroad Bonds.
117*4 Chicago & Alton—
104
113
J&J 112
IstM., 7s, 1893
116
125
Sterling mort., 6s, g., 1903..J&J 1122
121
Bds. Kan. C. line,6s,g.,1903.M&N 126*5
104
Miss.Riv.Bridge, 1st.,s.f.,6s,1912 107
'
4*48,
Ask.
J&J tl08*4 I09*s
1
i
J U10*5 111
Bur.&Mo.(Neb.),lst,6s,1918.J&J
do
) tl00*4 100*5
Cons, 6s, non-ex..J&J
) tl07*s 109
do
4s, (Neb.), 1910... J&J
104
> 1102 *4
do
Neb.RR,lst,7s,’96A&0
100
do
D
Om.& 8.W.,1st,8s,J&D
109
} t103*5
Ill. Grand Tr., 1st. 8s. ’90...A&O
I till
Dixon Peo.& H., 1st,8s,1889. J&J
iio
I U07
Ott. Osw. & Fox R., 8s, 1900. J&J
3
95*4
95
Quincy & Wars’w, 1st, 8s, ’90. J&J
102
J 100
Atoh’n & Neb.—1st,78,1907 M&S
113
U12
Chic. Burl. & Nor.—5s, 1926...
114
114*s
Debent. 6s, 1896
J&D
J] 12 *2 113*s Chic. & Can. So.—1st, 7s, 1902 A&C
115
1112
Chic Kan. & West’n.—1st, 5s, 1926
65
Income 6s
25
Chic. & East Ill.—1st mort. 6s, 1907
106
105
Income bonds, 1907
80*5 81*5
1st, con., 6s, gold, 1934
A&O
99
102
Gen. con., 1st, 5s, 1937
M&N
139
136
Chic. & Gr. Trunk—1st mort., 1900
Consol, mort., (
Bost. H. Tun. & W.
Boston & Lowell-
BONDS—Continued.
Page of Quotations,
Bid.
Railroad Bonds.
Louis’a& Mo.R.,lst,7s,1900F&A
do
2d, 7s, 1900 M&N
95
St.L. Jacks’v.& C., 1st,7s,’94. A&O
25
do 1st guar. (564),7s,’94A&0
40
do 2dM. (360), 7s, ’98.. J&J
100*2
do 2d guar.( 188) 7s,’98.J&J
108
Chic.& Atlantic—1st, 6s,1920.M&N
2d. 6s, 1923
F&A
111
+ 109
Chic. Burl. & Quincy—
113
HU
Cons., 7s, 1903
J&J
120
1118
Bonds, 5s, 1895
J&D
124
1122
5s. 1901
A&O
121
118
5s, debenture, 1913
M&N
Iowa Div. 5s, 1919
A&O
125*5
123
Iowa Div., 4s, 1919
A&O
77*4 82
4s, Denver Div., 1922
F&A
110
4s, plain bonds, 1921
M&S
116*4
Neb. Ext., 4s, 1927
M&N
103
100
Bur. & Mo. R., I’d M., 7s,’03.A&0
110*4
mo
do
Conv. 8s,’94 ser.J&J
•
fVOL. ZL\I.
STOCKS AND
Cheshire—6s, 1896-98
—
Pueblo & Ark. V., 1st, 7s, g.,1903. tll7
Bonora, let, 7s, 1910, guar.. J&J 103%
Wichita&S.W.,lst,7s,g.,gua..l902 1114
Atlanta & Charlotte Air L.—1st,7s
120
102
Income, 6s
Atlantic* Pao.—1st 4s, 1937..J&J
83
,W. D. Incomes, 1910
J&J
266s
Central Division, old 6s.
90
do
incomes, 1922.
do
ace. Id. gr. 6s. 1901
30
Baltimore & Ohio-New 4s
A&O
5s gold, 1925
F&A
East Bide 5s, 1925
...
OF
Explanations See Notes at Head of First
Bid.
Atch. Top. & 8. Fe—(Continued)
CHRONICLE
....
......
!
71*5!
27*5
112
72%
H00
Frem’t Elk’n& Mo. V.—6s, 1933A&O
do
do
Unstamped..
Gal. Har. & Sau Amt.—
99
| 97
!liic.St.P.Miu.&Om.—Con. 6s, 1930 120*2
Ch.St.P.&Miun. lst,6s,1918M&N 126
North Wise., 1st 6s, 1930
J&J 124*2 127
St. Paul&S.City, 1st 6s,1919.A&O 125
127
Ihic. & Tomah.—6s
120
l 116
112
General mort., 6s, 1932
Q—M llr>*5
1921
_j&D
QQl^
Ham. &Dayt.—Cousol.Ss A&O tl03*2
Consol, mort,, 7s, 1905
A&Ojt 119
Consol, mort.,68, 1905.
A&Oitlll
Cm. H. & l., 1st M., 7s, 1903.J&J ItlO j
1st,6s, g. 1910
F&A
2d mort., 7s, 1905
J.tD
West. Div. 1st, 5s, 1931
M&N
do
2d, 6s, 1931...J&J
Gal.Hous.& Hen.—1st,5s
AAcO
Georgia—7s, 1883-90
.
98
105
|
JAzJ
J&J
Georgia Pacific—1st, 6s, 1922. J&J
6s, 1910
2d mort
122*4
112*2
Gr.Rap. & Iud.—1st, l.g., g’d, 7s, g.
107
1st M.,7s, l.g.,
gold,not guar. A&O
1st 7s, ’99
Ex laud grant,
J&J U09
2dM..7s, 1887-92
tll6*2
IndianapolisC. &L., 7sof’97..
Ind’apolis & Cin., 1st,7s,’88.A&O 110 L*4
1 Purchaser also pays
..
accrued interest.
Consol. 5s, 1924
M&S
Gr.B’y W.&St.P.—lst,6s,l911.F.&A
2d, incomes, 1911
J InLondou.
|| Coupon oJ*
§ In Amsterdam.
‘
BONDS—Oontinubp,
QUOTATION'S OF STOCKS AND
For
Railroad Bonds.
Explanations See Notes at Head of
Bid.
Ask.
120
121
120%
Han. & St. Jo.— Con.
Harris. P. Mt. J. & L.
Hart. & Conn. West.
LM.S.&C&Mlark8vst’g,61902
r
Chic.St.&N O.—1st con.7s, 1897.
Ind’polis& St.L.—1st,7s, 1919. Var
Ind’apolis& Vin,—1st, 7s,1908.F&A
2d mort.. 6e, g., guar.,1900.M&Iv
Int. & Gt.North.—1st,6s,1919.M&S
Ionia & Lansing—
Iowa City& West.-
2d mort., 7s, 1910.
Memphis & L. Rock-
Pigeon,lst.7s,’90..J&j
..A&O
S.,cous.,ep., 1st,7s. J&J
do
do
do
cons.,reg.,lst,7s,1900.Q—J
2d,78,1903..,
cons.jreg.,2d, 78,1903.,
Mahoning Coal KR. 1st, 5s..J&J
Lawrence—1st mort., 7s,1895.F&A
Lehigh Val.—1st,6s,coup., ’98. J&D
2d mort., 7s, 1910
M&S
Gen. M., e. f., 6s, g., 1923
J&D
cons., cp.,
L. Miami— Renewal 5a, 1912..M&N
L Rock& Ft.8.—lat,l.gr.,7s ’95.J&J
Long Island—1st M.. 7s, 1898.M&N
let consol. 5a, 1931
Q—J
Newtown & FI., 1st, 7s, 1891
N.YT.&Man. Beach. 1st7s.’97,J&J
r
.
)
......
f
110
115
103
1106
1171* 120
120
120
115
1108
till
J
do
do
1171*
1121*
Marietta Mm.—1st, 6a, 1915.M&N
Marq’tteHo.& O.—Mar.&0.,8s, ’92
6s, 1908
J&D
68,1923 (extension)
6e, 1925 (Mary. & West.).. J&D
86%
68
18
88
Midd. Un. & Wat. Gap—1st n
2d mort. 5s, quar. N.Y. 8. &
Mil. Lake Shore & Western—
1st mort., 6s, 1921
90
106
II104
3.07
107%
104
107
98
76
101
80
1112
115
109
Mil. & No.—1st,
6s, 19
1st, 6s, on extension
| Minn’p. & St. L.—1st M.
......
109
72
11031* 105
105
70
1st
......
122
90
M., Iowa City& W
.
100
100
tl29ia 131
100
til 4
Pacific Ext., 1st, 6s, 19S
......
115
Minn’p. & Pae., 1st, 5s, 1(
9oi* “97”
105
102
118
1!
•
•
•
•
•
10234
71%
70
60
►
******
2d mort.
101
112%
125%
Mobile & Ohio.—
lstpref. debentures
.....
122%
126%
......
125
124
2d pref. debentures
3d pref. debentures
4th pref. debentures
......
124% 124%
131
1
110% 112
108% 109
1st mort., 7s, 1918
Morris & Essex— 1st, 7s, 1914
2d mort, 7s, 1891
Bonds, 7s, 1900
General mort., 7s, 1901
121
A&O
M&N
F&A
J&J
A&O
.
100
110
Nashua & Lowell—6s, g
’93. F&A
5s,-1900
Nashv.Cli.&St.L.—1st, 7s,1913 J&J
2d mort., 6s, 1901
J&J
| Nasliv.& Decatur—1st,7s, 1900. J&J
Natchez Jack. & Col.New’kS’set&S.—1st. 7s, g.,’89.M&N
1V5118
lu4
57
124
1 N’burgh&N.Y.—1st M. 7S.1888. J&J
108% N. J. Junction, 1st, 4s, 1986..F&A
j
1»9
106
110
10i%
101
99
94% 97
10J% 110%
92
92%
116'" 118“
110
130
105
111
1103
1128
(103%
1109
ill
107
1109
105
86
95
1
109% ill
10l%|103
98
I
96
51
28%
30
25
22
115
102
106
107
121
r
1
128
101
102% 103%
116
N. Y. & Greeuw’d L.—1st
2d mortgage income.
i
j|
1st
Collateral Tr. 6s, 1922
M&N
Fund. 5s, 1969
J&D
1st con i. fund coup.,7s, 1920 M&S
Reorgauizat’n 1st lien, 6s, 1908
Gold income bonds, 6s, 1977....
Long Dock mort., 7s, 1893..J&D
do
con. g., 6s, 1935 ..A&O
N.Y. & North.—1st g os, 1927. A&O
2d gold -is, 1927
J&D
1 Purchaser also paye accrued
113%116
;ilo
116
107
90
137
8S
132
107
75
85
lli.%
112
J&D
mort., 7s, 1906
Gen. M.. guar.,
6s,
g.,
Consol. 5s, 1920
w
1U5
interest.
.
.
113
1101
1104
^
^
^ m ^
115
101%
105
101
38
36
.
115% 118
115% 118
119%
1% 95
......
lou ** 110
96
97%
102
331* 34
H12
113
111
114
*
105
105
»103
1 109
112
mo
113
75
76
m
m
m
m m
u'oT* 106**
*95%
95%
1122
1103
105
199
101
129
121
.
108
.....
112
107
.
.
.,
.
.
+
^
108
107
.
117
129
,
sunburv&Erie, lstM.,7s,’97.A&Oi
ijphiia
!
1
j
& Read’g—1st,
2d, 7s,’93
Debenture 6s, 1893
105%i
55 Lai
L(j3
It 5%
101% 102
1920. .J&J ;i24
A&O 112
126
•
J&J
Consol.M.,7s,1911, reg.&cp. J&D
Consol, mort., 6s, 1911
J&D
Improvement mort., 6s, ’97. A&O
Gen’i mort., 6s, 1908
J&J
Geu’l mort., 7s, 1903
J&J
Cons.
llnlArado'i
|| Joupon oil.
M&N
F&A
»
•
• «*-
131
129
i‘3‘6
120
104
105
110% 110%
112% 113%
76
......
series
5s, 2d series
Cons. 5s, 1st
•
-----
6s, 1910.J&J ii2%
A&O 50
117%
—.
93
...
102%
••••••
Petersburg -Class A, 1926
J&J
Class B, 1926
A&O
Pliila. & Erie—1st M.,7s, 1838.J&J
119
98V
100
Pensacola & Atlantic-1st m..F&A
110
Peo. Dec. & Ev.—1st. 6s, 1920. J&J, 106
75
2d mortgage, 5s, 1927
* 74%
74%
Evansville Div.,1st 6s,1920.M&S 103
Peo.& Pekin Uu.—1st,6s,1921.Q— F 109
73
2d mort. 4^8, 1921
Q—F
105
Perkiomen—Cons.0s,,l913,sterling ; 95
1J0
lOi7g 1021.
136%i37
J&J
Cons, mort., 6s, 1905
Q—M
Collateral trust, 4%s, 1913..J&D
Consol. 5s, 1919
J&D
Penn. Co., 6s, reg., 1907
O.—J
1st M., 4%s, 1921.J&J
do
Penn.& N.Y.Can.- 1st. 7s, ’96. J&I)
90
114*2'
& Cal.—1st 6s, 1921
Sinking fund sub., 6s, 1910.M&N
Subsidy bonds, Eng. issue, 6s....
10631
166
A&O!
Bost.C.&Fitchb.,l8t,78,’89-90J&J
B. C. F. & N. B., 5s, 1910 ..J&J
N. Bedford RR., 7s, 1894 ..J&J
j
115% 116
N.Y.&Harleiu—7s,coup.,1900.M&N 13114
129
M&S
iregon&Trauscont.—6s, 1922.M&N
111
124
89^8
101%
116
103
J&Di!H2i
6s, 1895'
7s, 1894
4 ias, 1904
|
j
106
134
liO
122
6s, 1921.
2d mort., 7s
M. inc. 6s
N.Y. Lack.& W.—1st,6s, 1921.J&J
2nd, 5s, guar., 1923
F&A
N. Y. Lake Erie & Western—
1st mort, 7s, 1897, ext
M&N
2d mort. exten., 5s, 1919 ...M&S
3d mort. ex. 4%s, 1923
M&S
4th mort., ext., 5s, 1920.. ..A&O
5th mort., 7s, 1888
J&D
1st cons.. M., 7s, g.,1920
M&S
New 2d cons. 6s, 1969
J&D
2d income,
•reg.
114
Sterlingmort., 68, g., 1903...J&J
1 N.Y.Cliic.& St.L.—New 1st,4s, 1937
N. Y. Elevated.—1st M„ 1906.J&J
l
107
109
j
104% 106 |l
128
105
100%; I
ioi
96
107
103
•
I<
135% 136
1163s 116%
105%
......
Income, 6s, 1922, Tr. rec
142%
11
125
111
113
6s.. 1922
►hio & Miss.—Cons.,8.fd.7s,’98 J&J
Cons, mort., 7s, ’98
J&J
2d mort., 7s, 1911
A&O
1st gen , 5s, 1932
J&D
1st mort.,Springf.Div., 1905 M&N
75
112
125
,JN.
O. & Northeast.—Prior 1.6s. 1915
N.Y & Can.—£M.,6s,g.,1904.M&N
»]N. Y. Cent. & Hud. R.—
Extended 5s
M&N
J&J
Mort., 7s, coup., 1903
Debenture 5s, 1904
M&S
Income, 3s & 6sl920
I Ohio
Cen.—Riv. Div., 1st,
120
1 N.
1
118
115
50%
101
99
105
& N. Y.—1st mort
J.Southern—1st M.,new 6s. J&J
N. O. & Gulf.—1st, 6a, 1926..M&N
gd’nsh’g&L.Ch.—1st M.6s,’97, J&J
M&S
Sinking fund, 8s, 1890
Consol, ,6s, 1920
A&O
96
96
96
99
New Jersey
1
122
;o4
19
Morg’ii’sLa.&Tex.,l8t,68,1920J&J
143
110
i02%
„
22%
Collateral trust 6s. 1892
J&J
1st extension 6s, 1927
Q—J
8t.L.& Cairo—4s, guar., 1931.J&J
i'lO
120
141
iiVT
16
Verd.Y.Ind.&W.,lst,5s,1926M&Sl6
Leroy & C. Val., 1st,5s, 1926.J&J
Mobile & Birm.—1st, 5s, 1937
121
......
109
Car. B., 1st mort., ts, g. ’93...
3d mortgage, 7s, 1906
M&N
......
103%
Dul.&Dak., 1st, s.f. 6s, 1937. J&D
Hel. B. Val. & B.,lst,6s,1937M&N
Drum. & Pet., 1st, 5s, 1937..J&D
Ilelena&N’rtk —lst.5s,1937. J&D
North. Pac. Ter. Co. -1st,6s,’33. J & J
orw’h&Woro’r—1st M.. 6s.’97. J&J
114%
......
St.P.&Nor.Pac. gen.6s,1923.F&A
Helena* Red Mt.lst,63,1937M&S
Dul. & Man., 1st, 6s, 1936. ..J&J
107%
102%
—
121
128
108
MO 8
Spokane & Pal.,1st 6s, 1936.M&N
62
.
121
97
95
.......
;i
123%
106
118%
109%
Mo. Div. 6s, 1919
M&N
Gen’l 1. g., 1st, 6s, 1921
J&J
Gen. land gr.,2d, 6s, 1933...A&O
Dividend scrip ext
J&J
James Riv.Val.—1st,g.,6s,’36J&J
115
115%
1115
1115
1114
1904... J&J
Northern, N.J.—1st M., 6s, ’88. J&J
North. Pae., P. D’O Div.—6s, M&8.
99
93
102
Minn.S.Ste. M. &Atl.—Is
Minn. & N. W.—1st, 5s, li
A&O
3d mort., 6s, 1900
Con. mort., 6s, g.,coup., 1900. J&J
Mort. hds., 5s, 1926, series A J&J
do
series B
Con. mort, stg. 6s, g.,
65
Imp. & Equip. 6s, 1922..
119
1115
104
108
......
-i
; 107%
115
102% 105%
2d M.,ext.5-6s,’88-1900 102
3d M.. 6s, ’96-1900.J&J tl05
122
Va.& Tenn., 4th M.,8s, 1900.J&J
do
extended 5s,1900.J&J 103
100
North Carolina—M.. 8s, 1888.M&N
120
North Penn.—1st,7s, 1896
M&N
Gen. mort., 7s, 1903
J&J
New loan, 6s, reg., 1905
M&S 128
Northeast.,8.C.—1st M.,8s,’99,M&S 126
2d mort., 8s, 1899
M&S 114
Northern, Cal.—1st, 6s, 1907..J&J 103
Northern Cent.—4% per cent..J&J
119
116
104
99
1st, incomes.
107
90
112
do
do
115%
120
1031*
J&J
Norf’k&Petersb.,2d,8s, ’93.J&J
So. Side, Va., ext. 5-6-8s,’88-1900
Conv. deb., 6s, 1894
89
68%
Q.—M.
A(\justment 7s, 1924
119% L20
35
*Price nominal; no late transactions.
^
)
......
F&A ;116
110%
9734
Pensacola Div.,1st,6s, 1920..M&S 103
116
St. Louis Div.. 1st, 6s, 1921..M&S
60
do
2d., 3s„ 1980.M&S
Nash. & Dec., 1st 7s, 1900...J&J 1L7
E. H. & N., 1st 6a, 1919
J&D 114%
Gen 1 mort., 6s, 1930
J&D 112%
So.&No. Ala., 8. F. 6s,1910A&0 105%
Trust bonds, 6s, 1922
Q—M 109%
Ten-forty 6s. 1924
M&N 102%
Man.Beach Imp.,lira.,7s, 1909,M&S
,
,
N. O. & Mobile. 1st 6a, 1930 J&J
do
2d, 6s, 1930....J&J
L’av.N.A.&Chic,—1st,6a,1910. J&J
Con. mort. 6s, 1916
A&O
Lo’iav.N.O.&Tex.—lst,4a,1934M&S
2d mort., 5s, 1534
M&S
MaineCeni.—Mort. 7s, 1898...J&J
Exten. bonds, 6s, g., 1900...A&O
Cons. 7s, 1912
A&O
Androaoog/& Ken., 6s.
Leeds & Farm’gt’n, 6s, 1896.J&J
Portl. & K.,Cona. M., 6a, ’95.A&0
F&A
Debenture, 6a, 10-20
}
94%
93
112
124% 125
112
112%
101% 102
92% 94
2d 6s (soaledto 3s)
F&A
N. Y. N. H. & H.lst r. 4s,1903.J&D 105%
120
104
N.Y.Ont.& W.-lst,g., 6s, 1914M&3 112ia 113
102
113% N.Y.Pa.& O.—1st, inc.,aco.7s,1905 _J37V 391*
113
do
104% 106
prior lien,inc.ac.,5-6s,’95 :110971a Ill8ia
2d mort. mo
72% 74
4
t
3
3d mort. inc
66% 66%
90
70
70%
Leased L. rental trust, per deb. 4s J 88
55
18 34
19%
West. ext. certifs, 8s, 1876..J&J t 50
55
100% 101
do
do
7s, guar. Erie 1 50
991a 100
98% 99
N.Y. Phil. & Nor.—1st, 1923 ..J&J
30
42% 43
Income, 6s, 1933
A&O
95% 9534 N.Y.Susq. & W.-Deb. 6s, ’97.F&A
923s 94%
128%
1st refund., 5s, 1937
J&J
73
108
2d mort., 4%s, 1937
F&A
114
104% 104%
Midl’d of N. J.—1st,6s, 1910. A&O 113
N. Y. Wood.& Rock 2d ino. 1912..
103 104
118
Norf’k &W.—Gen’l M.,6s,1931 M&N 117
110
New River 1st 6s, 1932
A&O 113%
103%
102 103
Impr. & Exten., 6s, 1934
F&A 102
scrip
Incomes, 1911.
New 1st mort. 68.
Mich. Cent.—Cor
N.Y.&.N.Eng.—1st M., 7s, 1905J&J
1st M., 6s, 1905
J&J
F&A
2dm.,6s, 1902
116
Bond
115
105
99
125
Ask:
120
r
106
Bid.
Railroad Bonds.
]
;
113
102%
Ask.
r
11258
106
70
N. Y. B. & M. B.,lat con. 5s, 1935
il4“
Lou’v.C.& Lex.—1st,7s,’97 J&J(ex)
117
2d mort,, 7s, 1907
A&O
Lou’v.Ev.& St.L—1st 6s,1926.A&O 103%
56%
2d mort., 2-6s, 1936.^
A&O 122
Louis. & Nash.—Cons. 1st, 7s, 1898.
107
Cecilian Br., 7s, 1907
M&S
Leb.-Knoxv. 6s, 1931
M&S
Louis. Cin. & Lex., 6s. 1931.M&N *108%
»120
Mem.& 0.,stl., M.,78, g.,1901,J&D
50-year gold, 5s, 1937
M&N
Pensa. & Atl.—let,6s,gu,’21.F&A
120
114%
114%
93% 94
124
K.C.St.Joa.&C.B.—M. 78,1907. J&J f 123%
111%
111%;
K.C.Spr.&Mem.—lst,6s, 1923.M&N
74%
Ken. Cent. Ry.—Gold 4b, 1987. J&J
107
107%
Keokuk&Des M.—l8t,5s,guar. A&O
92% 92%
Knoxv. & Ohio 1st, 6s, 1925...J&J
104
103
Late E.& West.—l8t,g.,5s,1937J&J
Lake Shore & Mich. So.—
110%
Kal.& Wh.
Dividend bonds, 7s, 1899.
95
j
r
...
Kan. C. M. & B.- 1st, 5s, 1927.1
1886..
7
r
r
114
112
114
99
Income, 1921, Tr. rec
New 1st mort. 6s, funded
Bid.
Railroad Bonds.
iio
105
99
65
1st, gold, 4s, 1951..
First Paije of Quotations.
973*
)
Buff. & State L., 7s,
165
THE CHRONICLE.
February 4, 1888. J
85
76
c. Iu Frankfort.
I
77%
THE CHRONICLE
166
QUOTATIONS
GENERAL
For
Phil.A Read—(Cont.)--Con.adj.scr.
Scrip for 6 deferred *2 coupons
..
Deferred income
Income mort., cons. 7s, ’96, JAD
CoalA I., guar.,7s,’92,ex-cp.MAS
Phila.Wil. A Balt.—Gs, 1892.. AAC
6s, 1900.....
AAO
5s, 1910
.JAD
Trust certs., 4s, 1921
JAJ
Pine Creek- 6s, 1932
JAD
Pittsb.C.& St.L.—1 st, 7s, 1900. FA A
Pittsb.Cl. A Tol.—1st, 6s, 1922. A AO
Pittsb. ACon’llsv.—1 stM.7s/98. J A,J
Sterling cons. M.
Pittsb.Ft.W. &
C.—1st,7s,1912 Var
2d mort., 7s, 1912
JAJ
3d mort., 7s, 1912
AAO
Pittsb. McK.A Y.—1 st,6s,l 932.JAJ
Plttsb. A West.—1st, 4s. 1917. JAJ
34
118*4
’99.JAJ
Kick’d & Danv.—Con.,6s,’90..MAN
General mort., 6s, 1915
JAJ
A AO
AAO
A A(
Rick.Fred.A Fot.-M.7s, ’81-90JAJ
Kick. & Petersb., 6s, 1915
MAN
New mort., 7s, 1915
MAN
Richmond York Riv. & Ckes., 8s...
2d mort., 6s
MAN
Rick. A West Pt.Ter., 6s, 1897.FAA
Roch. A Pitts., 1st, 6s, 1921...FAA
Consol. 1st, 6s, 1922
JAD
do
income. 1921
Rome & CaiTollt.—1st, tis. g., 1916
Rome A Dte.—1st., 6s, 1926... JAD
Rome Wat’nAO.—S.F.,7s,1891. JAi>
2d mort., 7s, 1892
JAJ
Consol., 1st ex. 5s, 1922
AAO
Rutland—1st M., 6s, 1902
MAN
Equipment, 2d mort., 5 s
FA A
St Jo. AGr. Tsl’d—1st, guar.Os, 1925.
2d mort., incomes, 5s, 1925
St.L.Alt.AT.H.—1st M., 7s, ’94.JAJ
2d mort., pref., 7s, 1894
FAA
.
.
.
.
.
Tol.Peoria A W.—lst.7s. 1917, tr.rec.
Tol. St.L.AK.C’.,1st,6s,1916...JAD
United Co sN.J.—Cons.,6s,’94.AAO
do
gen. 4s, 1923
FAA
.
Sterling mort., 6s, 1894
MAS
do
6s, 1901
MAS
Cam. A Amb.,mort., 6s, ’89.MAN
Union Pacific—1st, 6s, g.,1896. JAJ
144
1st, 6s, 1897
JAJ
58*2
1st, 6s, 1898
.JAJ
.JAJ
1st, 6s, 1899
102
Land Grant, 7s, 1887-9
AAO
114
Sink. F., 8s, 1893
MAS
100
0;n, Bridge, sterl. 8s, g., ’96. A AO
Collateral trust, 6s, 1908
JAJ
! 02
Collateral trust, 5s, 1907..-.JAD
125
Fans. Pac., 1st, 6s, 1895
FAA
do 1st M., 6s, 1896
120
JAD
116
do
Denv. Div., 6s
114
MAN
117
112
do 1st cons. M.,6s,1919 MAN
104
100
Oregon Skort-L., 6s, 1922 .. FAA
86% 87*4! iUtak Cen.—1st M., 6s, g.,1890. JAJ
115
| Utah So., gen., 7s, 1909
JAJ
do ext, 1st,7s, 1909JAJ
114^ 115*2
iUtica ABl’k R.—Mort., 7s,’91. JAJ
95
Valley of Oliio-Con. 6s, 1921.MAS
!
Vor. A Mass.—Guar. 5s, 1903 MAN
72
108
70
105
105
40
141
55
10*2%
103
108
10-*4
101*2
lOl
40
1923..JAD
St. L. Ark. A Tex. 1st 6s,1936.MAN
2d mort., 6s, 1936
FAA
Bellev.A Car., 1st 6s.
Bt. L. A Iron Mt.—1st,7s,’92 FAA
2d mort., 7s, g., 1897.
MAN
Ark. Br. 1. gr., M., 7s, g., ’95.JAD
Cairo Ark. A T.,lst,7s,ir.,’97.JAD
Cairo A Ful., lst,l.g.,7s,g.,’91. J AJ
Gen. con. r’y A 1. g., 5s. 1931A AO
St.I. A 8an Fr.—2d cl. A ,1906.. MAN
MAN
MAN
1888 .JAJ
Kan.C. A8\v., 1st,6s,g.,1916..JAJ
2d M.t class B, 1906
2d M., class C, 1906
boutk Pacific.—1st M.
Pierre C. A O. 1st, 6s
FAA
Equipment 7s. 1895
JAD
MAN,
2d, 7s,guar., 98
MAN!
St. P. A bill util—1st, 5s, 1931 .FAAi
St.P.Minn.A Mam—1st 7s,1909 JAJ
2d 6s, 1909
AAO
Dak. Ext.. 6s. 1910
MAN
1st consol. 6s, 1933
JAJ
do
reduced to 4 Vs ..JAJ
Minn’s U’n, 1*4, 6e, 1922
TAJ
Montana Ext. 1st. 4s, 1937. JAD
Montana Cent.—1st, 6s, 19J7JAJ
San Ant. A A.Pass.,lst.6s,1916.JAJ
do
1st,6s.l 926.JAJ
..
114
Sandusky Mansf.A N.—1st, 7s, 1902
Sav. FI. A W.—1st, 6s, 1934..AAO
At. A Gulf, con. 7e, ’97
JAJ
So. Ga. A Fla.—1st, 7s, 1899
2d, 7“, 1899
MAN
Seaboard A Roan.—6s, 1916.,FAA
5s, coup., ML 6
JAJ
Scioto Val.—1st, 7s. sink’g fd..JAJ
2d mort., 7s, sink’g fd,
AAO
Consol. 7s, 1910
JAJ
Sham. 8nn A Lew.—l»t, 5s,’12MAN
Sham.V.A Potts.—7s, (on. 1901 JAJ
Siienandoaii Val. -lst.7s, 1909.JAJ
General mort., 6s, 1921
AAO
Shreve. A lions.—1st. €s, gm, 1914
Sioux C. A Pac., 1st M., 6s,’98.JAJ
112*2
!
119
121
116*8'
L10V
j
90*2
no
6278
109
109
90*2;
90
89
113
71
87*2
92*2
36*2
35
65
106*2
81
1*0*8
8anb.IIaz.AW-B.—1st,5s,1928M AN
2d mort., 6s, 1938
MAN
Saep.B.AErieJunc.—1st M.,7s
Trice nominal,
106
do
do
90
94
109
*118*2
110
80
80*2 Chicago* West Michigan
Cin. liamiltou A Dayton
do
Pref..
88
85*2-
j
j
107
pref.
Albany
45
Cin.
93
87
10634 in
108*2 in
103*4
99
115
accrued interest.
11*1 London
I
Cleveland A Canton
do
do
114
«
Danbury A Norwalk
50
Dayton A Michigan, guar., 3*2-.50
do
Pref., guar., 8.50
Delaware A Bound Brook
100
Delaware Lack. A Western
50
112
125
Denv. A Rio Gr
100
do
do
pref.100
Denver A Rio Grande Western
Des Moines A Fort Dodge
do
do
Pref..
Det. Lansing A Northern, com .100
do
Pref.100
do
10j7s 101
101
106
119
102
120*2
108
103
109
100
Dubuque A Sioux City
Duluth So. Sh. A Atl
101*2 104
96*8
122
89
45*2
120
105
104
11
4
1%
%
149
:
*96*4
82
65
10*8
10*2
132
115
7
80 ‘
199
10434'105
24
i 23
157*2 158
210
97
242
|| Coupon off.
Florida R’y A Nav. Co
do
pref
j Fort Worth A Denver C....
I Galv. Harris!). A San Antonio
..! Georgia Pacific
”j Georgia Railroad A Bank’g
45
75
198
*
78
*80
5934
62
21
54
20
52
a
6*3
34*2
4
6*4
'
35
53
52
9
8*2
31
156
•
32
166
23
24 *a
15
20
137*2 138
150
140
105*2 106
186
186*2
1*57*2 160*"
150
132*8 13238
23
54
15
8*2 10
22
18
60
50
100
99
75
15
10
30
35
10
10*2
59*2 61
22
22%
51
50
2 1
52
10
do
Pref
East Tenn. Va. & Ga. Ry
100
do
do
1st pref.. 100
do
do
2d pref...100
East Pennsylvania
50 §
East A West, Alabama
114
Eastern (Mass.)
100 iio
129
128
do
Pref
Eastern in N. H
100 107*2 109
10
20
Elizabeth Lex. A Big Sandy
100
Elmira A Williamsport, 5
50 S 42
60
do
Pref., 7..50
87
89
Evansville A Terre Haute
50
95*2 96
Fitchburg. Pref
100
26
25
Flint A Pore Marquette
96*2 97
do
do
Pref
i
103*2 105
114
15
37
39
39 7s 40*8
109
107
41
42
67*2 80
50
50
100
8%
43**
14
Pref..
Columbia & Greenville,pref.... 100
50
Concord
Concord A Portsmouth,guar.,7 100
Connecticut A Passumpsic..,..! 00
Connecticut River
100
116
107*2
10634 107*2
3
30%
113
100 ‘”3*2
Clev. A Pittsburgh, guar., 7
Cceur d’Alene
Columbus A Xeuia, guar., 8
Col. Hock. Val. A Tol..
90
90
113
100
100
pref.. 100
Cleveland Akron A Col
..100
Clev. Col. Cin. A Indianapolis.. 100
90*2
50
50 i
100
Springfield
Washington A Balt
do
107%
123
112
79
45
7 0*4 7630
115*4 116
11.0*8 llO^s
145*4 146
Pref., 6.50
do
Cincinnati A
131
21*a
92 *2
St. Louis A Chic.100
Cincinnati N. O. A Tex. Pac
100
Cin. Sandusky A Cleveland
50
51
98
97*4
100
Bost. Con. A Montreal
100
do
Pref., 5... 100
Boston Hoosac Tun. A Western
100
Boston A Lowell
100
1 Boston A Maine
Boston A N. Y. Air-Line, pref
Boston A Providence
100
1
i 03 * ioi”
t Purchaser also pays
Boston A
”|
106*2
no
do
i Bell’s Gap
Belleville A So. III., pref
4 L
5
Cin. Tndianap.
90*4 100
Migusta A Savaunah,leased... 100
.100
Baltimore A Ohio
do
1st pref., 6
19*2
100
J
do
2d, pref
96*4
Parkersburg Branch
100
92
! Beech Creek
50
82
21
40*2
42
do
pref
100
Chic. St. P. Minn. A Om., com.. 100
do
pref..100
101*2
99*2
82
115
6
60*4 60\
128*8 128*a
42*4 43
93*2 95
do
pref.... 100
Chicago A Grand Trunk
Chicago A Ind. Coal Railway
do
do
pref
Chicago Milwaukee & St. Paul. 100
do
pref., 7.loo
100
Chicago A North Western
do
'
Pref., 7.. 100
Chicago Rock Island A Pac.... 100
Chic. St. Louis A Pitts
100
LOS *2
LOS *4
105*
100
Chicago & Atlantic Beneficiary.
Chicago Burlington A North.. IOC
1105
102
34
120
4*2
28
4
4%
9
10
5
5%
118 34 119
136
110
rr
6
2d pref.... 100
" Chicago A. Alton
100*2
92
90
50
57V
30*4
111
111
114
104
100
100
118
547s
21
iio’
i Atlanta A Charlotte Air Line
Atlantic A Pacific
Pref.
do
105
95
JAD
JAJ
JAJ
Allegheny Valley
100
.100
pref... 100
_
128
j
112
108
95
90
69
50
.
118-^a 119
!
113
109
54
44
50
118
Wilm. Columbia A Augusta, 6s
Wil.A Weldon—S. F., 7s, g., ’96.JAJ 118
88*2
Wisconsin Cent.—uew 1st, 5s
45
Incomes, uon-cum., 5s
1
Wis. Valley—1st, 7s, 1909
JAJ 118
Worc’r A Nashua—5s, ’93-’95.. Var. 103
Nash. A Rock., guar.. 5s.’94.A AO 103*2
RAILROAD STOCKS. Par.
Ala. Gt. South.—Liim, A., 6s,pref.. l 10*2
t
3
Firm, B, com
1 Ala. N. O. A
t
1*4
Pac., Ac., pref..;
j
do
do
def...
Albany A Susqueh., Guar., 7... 100 147
11*3* ’
113
So. Pac.,Ariz.—lst,6s,1909 10.JAJ
So. Pac... N. M.~1st, 6s, 1911 .JAJ
Staten Isl. Rapid Trans.— 1st mort.
Steuben. A Ind.. 1st 6s, 1914..JAJ
Stock. A Cop —1st. 5s. 1905. ..JAJ
Bammit Br.—1st, 7s, 1903
JAJ
|
83
113
5
78*2
Jersey—1st, 6r, 1896
JAJ
Istmort., 78, 1899
AAO
Consol, mort., 6s, 1909
AAO
West Shore guar. 4s
JAJ
West’n Ala.—1st M., 8s, ’88... A AO
2d mort., 8s, guar., ’90
AAO
West. Mary I’d—3d en.,6s, 1900. JAJ
W’n No.Carolina-lHt,7s,1890.MAN
Consol. 6s, 1911
JAJ
vVest’nPeim.—1st M., 6s, ’93.. A AO
Pitts, Br., 1st M., 6s, ’96
JAJ1
Wheeling A L. Erie—1st, 5s,... 19 26
Wichita A Western—1st, 6s
JAJ
..
116
Sodus BayA So.—1st,5s,g.,1924,1 AJ
So. Carolina—1st M.,6s,1920.. A AO 101
78
2d mort., 6s, 1931
JAJ
Income 6s, 1931
18
\ 18
52
So. Cen. (N.Y.)—Consol, mort., 5s.
96
South. Kansas—1st, 5s. 1926..MAS
91
Texas Div., 1st, is, 1926... MAS
Income, 6s
...
56
103*2
West
......
50
50
6
115
1123
6s, 1910
Indianap. Div., 6s, 1921
JAD
Detroit Div., 6s, 1921
JAJ
Cons.mort..7s,1907,convert.Q—F
1st. St.L. div., 78, 1889
FAA
Gt. West., Ill.,1st, 7s, ’88
FAA
do
2d, 7s, ’93.. ..MAN
Q’ncy A Tol., 1st, 7s,’90.. ..MAN
Ill. A S.la.,1st, 6s, 1912
FAA
St.L.K.C. AN. (r.est.A R.),7s.MAS
do Om. Div., Ist7s, 1919. AAO
do Clar. Br., 6s, 1919.. FAA
do No. Mo., 1st, 1895...JAJ
1
_
50 §
assesm’t pd..l00
pref
100
1st
do
do
2d pref
Central Massachusetts
do
3
114*4
11458 115
MAN
Havana Div.,
105
117*4
Central Iowa, 2d
101*2
Mort., 7s, 1879-1909
AAO
2d mort., 7s, ext. 1893, ex..MAN
Gen., 6s, 1920, Tr. rec
Chic. Div., 5s, 1910 gold
50 § 40
54n8
100
56*2
119
113
124
tm
fl 22
55
50
6
44
18
50 §
1033*
79
1936
MAN
iWab.St.L AP.—lst,ex.,7s,’90.FAA 109*2
i
105
100
105
105
112
70*4
63
79*i Camden A Atlantic
97
do
Pref
97*2
Canada Southern
1027s 104
9797^8
82*2 90
Catawissa
93
do
1st pref
do
2d pref
"""
189S
50
| 79
General mort.. 6s, 1931
JAJ 114%
102 °8
G< neral mort., 5s, 1931
JAJ 102
105
do St. Clia’s Bridge 6s, 1908
Ft.8.A V.B.Rd.,lst,6s, 1910.AAO
Wab. Fund, 1907—Var. 7s. FAA
St.L.K ASo.W. -1st 6s, 1916MAS
ill"’ Warren (N.J.)—2d,7s, 1900 ..AAO
Trust lionds, t>8, 1920
,.FAA'cc
West Cluster—Con. 7s, 1891.. A AO
St. L. W. A W., 6s, 1919
MAS C5
VV. Jersey A At. 1st M.,Gsl910MAS
Sfc.L.Vand.AT.H.—lstM.,78,’97.JAJ! 112
2d mort., 7s,
105*2
49*2
69*2
61*2
Gen. 5h, guar.,
Equipment 78,1883
11*4
J1
100
108
104
Incomes, cumul., 6s, 1927...JAJ
41
120
117
113
108 *2 104
47 38 47%
108
110
109*2 111
112
110
105*8
105
91*4
90
117
118
117
117
101*8 101*2
104 hi
100
~
42
10
100
20
do
Pref
100
BuffaloN. Y. & Phila.,as8.pd—50 §
do
Pref ...50 $ 10
do
45
Buffalo Rochester A Pittsb
100
30
Burlington C. Rapids A North.. 100
4
California Pacific
43
California Southern
100
70
114
113
80
50
2d mort
6
3d mort.,income
Vicksb. Sli. A Pac. Prior lien, 6s. . 1107
Va.Midland— 1st ser.,6s, 1906.MAS 118
2d eories, 6s, 1911
MAS 118
3d series, 5-6s, 1916
MAS 109
70
4tk series, 3-4-5s, 1921
MAS
5tk series, 5s, 1926
MAS 101
96
05*4
vk.
38
Brooklyn Elevated., new
Brooklyn A Montauk
Vioksb. A Mer.—New 1st mort
108*2
112*4 115*2
167*2
MAN. 108*s
Bellev.AS.Ill.,lst,S.F.8s,’96.AAO
.
ii8%
129
141
♦126
140
138
132
JAJ
Ben.&S’toga—1st 7s,1921 cou.MAN
Bich’dA Allegh—1st, 7s, trust rec.
2d mort., 6s, 1916
M AN
2d income, 7s, 1894
Div. bonds, 1894
134
Tol.A.Ar.AN.M.—lst,6s,1924.MAN
Tol.A.A. AGr.T., lst,6s,1921.JAJ
Tol. A Ohio Cent.—1st, 5s, gu.1935
111
Bid.
Railroad Stocks.
157*2 160
i’o’o”
Portl’ndAOgb’g—lst6s,g.,1900J AJ
Debenture, 6s, 1927
Con. gold. 5s, 1936
Piedmont Br., 8s, 1888
Ask.
Bid.
8 yr.Bing. AN. Y.—consoles,’06A AO
Tex. Cent.—lst,sk.fd.,7s,1909MAN
J90
21
1st mort., 7s. 1911
19
MAN
86*2 83 7e Texas & New Orleans—1st,7s.FAA
Sabine Div., 1st, 6s, 1912...MAS
104
Tex.APac —lstM..6s,g.t1905.MAS
103
i 104*2 106
Cons. M.,6s, g. 1905.tr. ree. JAD.
104
1103
Inc. and land gr., reg., 1915. July
Rio Gr. Div., 6s, 1930, Trust rec.
100*4
Gen.M.Ater. 6s,1905.tr.ree. AAO.
118
N.O. Pac., lot, 6s,gold, 1920.JAJ
6s,g.,guar.JAJ
Port Royal & Aug.—1st, 6s,
Income mort., 6s, 1899
of First Paste of Qnotatlon*.
Railroad Bonds
Ask.
BONDS—Continued.
OF STOCKS AND
Explanation* Nee Note* at Hoad
Bid.
Railroad Bonds.
[Vol. XLVI,
100
16*4
Co. 100
; Grand Rapids A Indiana
Green Bay Winona A St. Paul.. 100
do
do
Pref....100
Houston A Texas Central...... 100
Huntingdon A Broad Top
2*4
2%
1*4
1%
45*8
200
5
9
12
15
46
19
201
12
10
20
16
50 £ 14*2
'37*«
Pref... 50 § 37
Illinois Central
100 121*4 122
95*2 97*2
do
Leased line, 4 p. c. 100
12
13*2
Indiana Bloom. A West.,ass. pd.100
70
Jefl’v. Mad. A Ind’p’s, leased.. 100
do
do
211
jKauawha A
do
99
do
242 *2 1
•
Ohio
3
1st pref
2d pref
§ Price per share, c In Frankfort, 'a
8*2
_
•
•m
mm
....
10*2
In Amsterdam.
February
QUOTATION'S OF
G-EN'SIaA.Li
llK.
Ask.
Bid.
3
3
87% 88
13434 135
Pref.
53 k
87
cO
Kan. City A Omaha
Keokuk A Des M..100
do
pref.
Keokuk & West.
.Lake Erie
do.
3k
50
Long Island
50
46 34
)
25
2,34
60 34
28
14%
8
26
9
27
1
62%
7
14
do
Pref... 100
MIsso’i Kan. & Tex. 100
Missouri Pacifio... 100
Mobile A Ohio
100
Morgan’s La.ATex.100
16k
85k
13
Nashv.Chat, A St. L.25
Nashua A Lowell.. 100
N. Y
78
.
215
Pref. 100
* 49 k
13 k
52
112
110
80
103
do
16
17
2
3
do
46%'
TIISC’LLANEOIJS
BONDS.
80
87
140
Am.Wat’rW.Co.,lst.6s
lanton(Balt.)68,g., ’04
Un. RR.,lst, end.,6s.
*2134 Col.Coal A Iron—1st,6s
46*4 Col A Hock. C. AI.,6e.
34
17nk 176
10
Cov.ACin.Bge. 5s,3-5y
13
5s,-5 years
Phila. ARead.ass.pd.50
Pref. ...50 *
Phila. Wilm.A Balt.50
Pitts. Cin. A St. L. .50
Pitts. & Con., l’sed.50
.
.
.
85
......
200
|1
j
1*16"
lOek
ioi
100
97
100 k
83
6
7
35
34
37
78
16
7k
10
35c
Improvement.
51
93 k
52
94
I
Pacific
Mail SS. Co. 100
35%
36k
39
16
1
Philadel. Co. Nat. Gas. 102k
143 k
I
Pullm’n
Palace CarlOO 143
50 k 51
>gSan Diego Land.,.
106
gSt.Louis B’dge.lstpref ;i04
!
!
3^8'
111N.Y.ATex.Ld.,Lim. 50
86
Long Island
100
.Mercantile
100
..100
Y. Guar. A ImL.100
Y. Life A Trust. 100
100
70c.
70
100
90
31
100
39
95
100
280
135
155
205
168
115
570
140
160
215
175
5*90
550
586
Allouez
25
Atlantic
25
Bruns w’k Antimony. 5
Calumet A Hecia...25
10
Central
Franklin
25
25
Huron
25
25
97
Cambridge, Mass.. 100 xl75
Chelsea, Mass
100i 112
Dorchester,Mass.. 100 x 106
Pl’u.MasslOO xl5tf
Lawrence, Mass... 100 xl24
Lowell
100 xl93
Lynn, Mass., G. L..100 114
Maid. A Melrose... 100 xl03
Newton A Wat’n ..100 x i36
Salem, Mass
100 xl08
Brooklyn, L. 1
25 100
Citizens’, Brooklyn.20
50
Metropolitan, B’klyn.
75
Nassau, Brooklyn ..25
95
5-00
•05
10-00
•95
t Purchaser also pays accrued interest.
85
65
70
70
67k
118
58
36%
t la London.
100
•15
•51
•30
•40
•09
•42
5'50
1-70
8-2,:
•21
•19
......
•85
5-87
......
.
...
......
•1C
*12
2 90
5-00
325
2
15
2*4
15k
6
4
211
210
30o.
29c.
20
15
$5
25
25
25
$3*8
$3%
23*4
2k)
23k
25
61
Tamarack
25
MAN LFACT’ING
STOCKS.
Am. Linen (Fall Riv.)
155
$3
169
825
850
National
Osceola
Pewabic
Quincy
Ridge
Amory (N. H.)
25
$2%
5
3
62
100 104k 104%
1790 1800
Audroscog’n (Me.).100 127
Appleton (Mass.). 1000 645
Atlantic (Mass.)... 100 108
Barnaby (Fall Riv.)... 100
80
Barnard Mfg. (F. R.)..
Bates (Me.)
100 125
Boott Cot. (Mass.) 1000 1335
Border City Mfg. (F.R.) 130
[Boston Co. (Mass.) 1000 1140
Boston Belting.... 100 157 k
Bost. Duck (Ma8S.)700 x875
99
Chace (Fall Riv.) .100
F. R. Machine Co.. 100
F. R. Merino Co... 100
Flint Mills (F. R.) 100
Franklin (Me.).... 100
Gl’be Y.Mills(F.R.)100
Granite (F.R.)
1000
Great Falls (N. H.)100
Hamilton (Mass.) 1000
(Ct.)lOO
100
Holyoke W.Power. 10G
Hartf. Carpet
Hill (Me)
Jackson (N. H.)..1000
Narragaus’tt(F.R,)100
H.)
500
Naumkeag (Mass.)lOD
N. E. Glass (Mas8.)373
Newmarket
500
37% Pacific (Mass.)... 1000
Nashua (N.
§ Quotation per share.
127k
650
109
105
85
125k
1310
I32k
L160
158
925
100
108k 109
485
480
7
39
70
40
Crystal Spr. B1.(F.R.}.
Davol Mills (F. R.) 100
Dougl’s Axe (Mass)lOO x 70
Dwight (Mass.). . 500 735
68
Everett (Mass.)... 100
.
84*2
1-50
1-25
10-50
•31
100
90
116
225
90*4
765
xH4
77
225
970
105
xl60
585
King Philip (F. R.) 100
; Laconia (Me)
400
People’s, Brooklyn. 10
62
I Lancaster M.(N.H)400
Wiiliamsb’g, B’klyn 50 115
87k
L’rel Lake Mills (F. R.j
Charlest’n,S.C.,Gas.25
1540
Lawrence (Mass.) 1000
Chicago G.A Coke.IOC 210
690 700
Chicago Gas Trust—
36% 37 k Lowell (Mass)
Cincinnati G. A Coke
178% 179k! Lowell Bleachery.200 140
Lowell Mach.Shop.500i 715
715
Hartford, Ct., G. L..25
24
x 67
67
Lyman M. (Mass.)-lOOjx
Jersey C. A Hobok’n 20 160
Manchester (N.H.) 100 142
142
People’s, Jersey C
70
xLOOO
Cotton
1000
120
Mass.
Louisville G. L
115
88
Mechanics’ (F. R.) 100
Milwaukee Gas
60
Merchants’ (F. R.) 100 110
Central of N. Y
50
77
Merrimack(Mas8)1000 L140
Consolidated, N.Y. 100
76
112
Metacomet (F.R.) .100
Equitable. N. Y
106
90
Middlesex (Mass.). 100 1*70
Mutual of N. Y.... 100
83
N. Orleans G. L. ..100
•30
$2k
Minnesota
56k Continental vMe.). 100
860
Cres’t Mills (F. R.) 100
100
177
113
109
L58
126
197
116
106
140
110
103
55
90
100
63
120
20
•47
6-25
•17
14%
Chicopee (Mass.) ..100
40
1-80
1-60
19*37
14k
4k
Cocheco (N.H.)
500
Collins Co. (Conn.).. 10
56
850
37
•75
2*30
MINING
Amoskeag (N.H.) 1000
450
.
Jamaica
...
..
1% Catalpa Silver
44
N.Y. Sc BR’KLYN
HOUSE BBS.
(See Local Securities in
Chronicle each w’k,
53
2d pref. certificates.
Portland, Me., G. L.50
131
110
3t. Louis Gas Tr...100
gSt. Louis Tunnel RR.. [106
70
75
I Laclede, St. Louis. 100
Louis Transfer Co.
g
St.
98
100
!San Francisco Gas
I
Union
St’k Yds.ATr.Co
23
k 23% ■Wash’ton City G. L.20
^
West End Land (B >st.)
Price nominal; no late transactions.
3*2 ii
100 450
99%' Boston Gaslight...500
25
10934: East Boston
Roxbury...
100
South Boston
100
i‘03
Brookline, Mass... 100
95
50 c,
!(Oregon Ry. A N.Co. 100
228
140
95
llBalt. Consol. Gas
......
.100
1
10
50
Robinson Consol..
.100
..50
.100
.100
Union Consol..
Rappahanock...
Red Elephant...
BOSTON
•50
100
..10
117
except first of month.)
92
Land scrip
33
95
102
170
80
83
l(
......
!(Oregon
55
85
270
475
..
..
Tron Silver
20
10
Lacrosse
L-eadville Consol.... 10
Little Chief
50
Little Pitts
Mexican G. A Silv. 100
100
GAS STOCKS.
101
110
99 k
■*99%
I
31 :<4
1*4
43k
50e
Brooklyn Trust ...100
; Union
102% 103 k United States
N.E.Mtg.Secur.fBost.,
|:N. Hampshire Land 25
112
22% 23
53
58k
10
100
Metropolitan
.
150
125
110
100
Am. Loan A Trust. 100
'}N.
pN.
7
5
Dunkin
Eureka Consol.... 100
Father Do Smet
100
Gold Stripe...
Goodshaw
100
Gould A Curry 8.. 100
Green Mountain
10
Hale A Noreross. .100
Horn Silver
Independ -‘nee
78ki 7ok
Speaking... 100
Central
100
i Farmers’ Loan A Tr.25
Knickerbocker
100
...
125
k
ioi*
226
STOCKS, N.Y.
.
50
100
100
100
STOCKS.*
Edison Illuminating..
United States
United States Ill. Co..
TRUST CO.’S
•
Bt. Joseph & G’d Isl’d.
48
3*8
74
52
2
100
j Edison
iVik
Orog.R.AN.lst.6s,JAJ
Keeley Motor
73
45
77
Chrysolite
32
114
Balt
100
j Brush,
Brush Illuminat’g
1*2
i 52 k
73
ELECTRIC
LIGHT STOCKS.
1Mauh’tt’n B’ch Co. ICO
Maverick Land
10
L65..
im.
123
OS
16
25
90
96
160
Consol. California. 100
145
109
•80
100
32k Cliollar
49
Consol. Pacifio
Crown Point
7s, 1900, M. A N....
England
Tropical
163
6
66*8
do
100
11
36
60
j Mexican
ibd
1:..
Caledonia B. H
271
72
j New
10
‘27*o
100
100
100
So. Tel., 1st mort. b’ds
South’n A Atlantic.25
Western Union.... 100
Amer.
109
19k
59
15
15
50
28
Bassick
Bechtel
Bello Isle
Bodie
Bulwer
28
| Erie
120
Peoria Dec. & Ev..l00
112
107
(N. Y. A SAN. FRAN.)
Alice
Alta Montana
100
Amie
10
Barcelona....
25
American Bell
Debenture 7s, 1888.
Con. 5s 1925 J.AD..
Oceau SS.Co., 1st guar. 101
St. L. Bridge A Tun
139
U35
54%
1st, 7s, g, 1929.Ail
8
Teun.C.Al.—T‘nn D.6s
81% 84»4
20
Bir. Div. 1st,6s, 1917
61
niSC’LLANEOCS
STOCKS.
35
40
120
Amer. Bank Note Co..
32
32k
66%' Amer.Cotton Oil trusts
8
8%
Aspinwall Land.... 10
8
Boston Land
10
8
7%
25
Boston Water Power..
5k
5*8
Brookline (Mass.)L’d5
45
50
Canton Co. (Balt.). 100
10
16k Cov.
(
A Cin. Bridge, pf.
5k
5%
3. k East Boston Land.
8%
8%'
120*4' Frenchman’s BayLd.
6
N
MAS
Hend’n Bridgets., 1931
Or. Imp., 1st, 6s. 1910
25
80
J 78
13
11
174k 175
17
16 k
22*4
22
170 1
167
24k
100
pr.,guar.l0..100
Pennsylvania
50
Schuylkill Nav
50 *
do
do pref.50 *
j
!
463a
Pensacola A Atlantic..
...
|
18k
139
21%
Morns, guar. ,4—100
9%
33
;
32
47
Ask.
Bid.
34
33
28
26
12
STOCKS.
......
218
27
Miscellaneous.
GOLD Sc SILVER
MINING STOCKS*
TELEPHONE
••••••
18
Oregon Short Line....
Oregon Trans-Cont
Oswego A Syr., guar..
Pennsylvania KR. .50 * 54k
do
Pref. 100
St. L. Ark. A Texas
io‘7k
107
1891..MAN 19734
Coup. 7s. 1894. AAO 117
1*4*2
1st Pa,l).cp.,7s,MAS 141
Lehigh Nav.- 4ks,’14 108 k
RR. 6s, reg., ’97.Q-F 113 k
Conv 6s,g.rg.’94MA8
6s,g.,cp.Arg..’97JAD 112 k
Cous.M.,1911 7sJAD 123
75
Penn.—6s, coup., 1910>
Schuylkill Nav.—
1st M.,6s, 1897.Q-M
45
50
2d M.,6s, 1907.. JAJ
49
Mort. 6s, cp., ’95 J AJ
6s, imp.,cp., ’80 MAN
6s,btAcar,1913MAN
7s,btAcar,1915MAN
25
Susq.—6s,cp., 1918 JAJ
7s. coup., 1902. .JAJ
37
65
3-%
Pref. 100
Bt.LouisAlt.&T.H.lOO
88
......
Bonds, 1st 6s
Postal T. Cable, new.
1st ext.,
**’{*
27
22
11
*
7
13
13
Ask.
,
j
CANAL BONDS.
Cues.ADel.-1st, 6s,’86
85% Ches.AO.—6s, ’70.Q.-J
14
I Del. & H.—78, ’91.JAJ
15
North’n N. Hamp.lOO
Rens. & Saratoga.. 100
Rich. A Alleg., ass. pd.
Rloh. F. & P., com. 100
do
Guar. 7.100
do
do
6
Rlohmond A P’b’g.100
Rich. A West Point
do
Pref
Rlohmond York R. AC.
Rome & Decatur
Rome W. A Ogd... 100
Rutland
100
do Pref.,7.. 100
P:
7k
63
9
North’n Pac.,com. 100
Pltts.Ft.W.A C.,guar.7
Fittsb. A Western ..50
do.
Pref... 5o
Port.Saco APorts.lsd 0
Port Royal & Augusta
Ports. Gt.F.& Con. 10c
......
1734
36k
128k
Wisconsin Central
*6 3 k
28
Pennsylvania..50 * 79
? 86
Phila. A Erie
50
Phil. Germ. A Nor..50
*60k!
*
84%'
27%
Northern Central... 50
Petersburg
15
26%
Lehigh Navigation..50
100
Norf.&Wesfc,,
do
pref. 100
do
Pref. 100
Ohio Southern
100
Old Colony
100
,
......
com.
Norw. A Worcester, loo
Ogd. & L. Champ. 100
Ohio A Miss
100
.
«_
...
do
.
37% CANAL STOCKS.
115% 116*4! Chesapeake A Del..50
223
214
| Del. A Hudson
100 Ill
17% 17%' Del. Di v. leased, 8.. 50 5
Pref. 100
N.Y.N H.AHartf.lGO
N.Y. Out. A West.. 100
N. Y. Penn. & Ohio
do
Pref.
N. Y. Phil. A Norf.100
N.Y. Susq. & Western.
do
Pref.
N.Y. West Shore A B..
No.
.
37k
AN.England.100
do
•
......
N.Y.Lack.&West...lOO
N.Y.L.ErieA West. 100
do
35
•
Vabash St. L. A Pa
do
Pref.:
10k
9k
107% 107%
17*4 17k
71%
71
N.Y.Ch.&St.L.uewlOO
N.Y.
Virginia Midland..,
5
do
Pref.
N. Jersey Southern..
N. News AAiiss. Val.Co
N.Y.Cent.A H.Riv.100
i*33
%
k
preJ
Wells, Fargo A Co. 100
TEL’PH STOCKS
AND BONDS.
k American Tel. A Cable
% Atlantic A Pacific st’k
50 1 Bank’s A Merch’ts.100
General mort. cert..
16
Baltimore A Ohio
27%; Cent.
A So. Am. Cable
Commercial Tel. Co.pf.
Franklin
100
j Gold
A Stock
100
15
Bonds
52 34!
Mexican
100
118
N. Y. Mutual Uu. Tel..
Mutual Union 6s....
18
36%; N’west., 7s. 1904 .JAJ
Postal Telegraph.. 100
129
122
134
54%
N’squehoning Vall’y50
do
1st pref. 100
do
2dpief 100
N. Y. City & Northern.
N. Y. A Harlem
50
>
do
EXPRESS ST’CKS
Adams
100
American
100
United States
100
56k
56k
|
139 k i*39k:
80
79
190
189
AE’x, gu.,7.5o
New Jersey
do
Q. N. J. RR AC
Union Pacific.
60%!
14%
26% Wyoming Val.Coal.100
2638
40
125
212
83
20
y-2
53
Tenn.CoalAIronColOO
22 k 24
35
30
51
49
215
214
91
25
76
100
Minneap. & St. L..100
Morris
75
.....
84k
V
10
56
166
37^4
Pennsylvania Coal.50 271
10
10*4 Quicksilver Min’g.100
50
34
do
pref. 100
*
93%
1*4%
New Central Coal. 100
N. Y. A Perry
100
Ontario Sil. Min’g.100
127
126
Coal..
[Maryland Coal —100
9
8*4
)
)
13%
Marshall Cons.
*150
3
)
87
18
91
53
Pref.. 100
i
16
......
Manhattan, con... 100
Marq. H. A Ont.. .100
Mexican Central ..100
Mexican Nat., Tr. rec.
Mex. Nat. Coustr. Co.
Michigan Cent.... 100
Midland of New Jersey
Mil. Lake S. A W..100
do
pref. 10C
Mil. & Northern
Mine Hill A 8.H....50
5
10
5
31
36
Louisv.N.A.AChic.100
Maine Central....100 xUO
Man. A Law’ce
100 208
Meraph.& Chari
do
Pref
it. P.Miun. & Man.
Scioto Valley
8eab’d & Roanoke
South Carolina....
Southern Pac. Co..
15k
4f>k
93 k
55k
60
90
La. & Mo. River. .100
do
Pref
100
Lou. Evans. & St. L.100
do.
Pref. 100
Louisv. A Nashv.. 100
do
87k
40
30
*165k
Little Schu’kT.
3
3
3
)
54
25
Pref.
Pref.
do
do
Quotations.
Bid.
Miscellaneous.
8
COAL Sc MINING
35% 3*6%
STOCKS, N.Y.
72 k 73 k Cameron LronACoal50
114
Colorado Coal A 1.100
112
GO
Col. A Hock. 100.C A I.
59
166
Consol.Coal of Md.100
101k
113
Homestake Min’g.100
1L2
it. L. Van. & T. H.
STOCKS.
Ask.
Bid.
Miscellaneous.
CIONTINUKD.
do
BOMD3—Continued.
STOOLS AMD
Explanations See Notes at Head of First Pa?e of
For
Railroad Stocks.
167
THE CHRONICLE.
4, 1388,]
7k
39k
75
50
42
7ek
740
69
101k
93
•••■•»
235
9Jk
770
187
79
9=0
106
465
590
90
1550
705
143
725
67 k
143
1020
00
1150
175
90
500
495
102
101
95
85
320
315
1630 1635
THE
168
GENERAL
For
Manufac’ing Stocks.
Bid.
116
75
Sagamore (F. Riv.) 100
106
230
25
85
50
105
1120
103
X1060
120
850
220
105
BalmonFall6(N.H.)300
Bandw.Qlass(Mass.)80
Shove (FallRiv.). 100
Blade (Fall Riv.).. 100
Stafford (FallRiv.) 100
Stark Mills (N.H.)IOOO
Tecomseh (F. R.). 100
Thomdike(Mass.)1000
Tremont<fe S. (Mass) 100
Troy C. & W. (F.R.) 500
Union C.Mf. (F.R.) 100
Wampanoag(F.R.) 100
Wa8lungt’n(Mass.)100
Weed Sew. M’e (Ct.)25
Weetamoe (F. R.)100
Willim’tic Linen (Ct) 25
York Co. (Me.)
750
HANK STOCKS.
Baltimore.
Bank of Baltimore 100
Bank of Commerce. 151
Citizens'
io
Com. & Farmers'.. 1001
Farmers' B'k of Md. 30 j
Farmers’ & Mercli. .40i
Fanners’&Planters’25'
First Nat. of Balt.. 1001
Franklin
60:
German American....
Howard
i1
Marine
30
Mechanics’
Merchants’
10:
100
National Exch’ge. 100;
People’s
20!
Second National ..100
Third National....100
Union
75
Western
20
Continental Nat.. .100
First National.... .100
77*2 Fort Dearborn Nat
100
Hide and Leather. 100
110
Merchants’Nat.. .100
240
30
Metropolitan Nat. 100
Nat. Bk. of Amer..lOO
87*2 Nat. B’k of Illinois. 100
55
Northwestern Nat. 100
Union National... .100
1130
Un.Stock Y’ds Nat. 100
105
Cincinnati.
1100 Atlas National
I20*s Cincinnati National...
Citizens’ National
225
Commercial Bank
110
First National
100
Fourth National
German National
50
55
Market National
x40
43
Merchants’ National..
975
970
Metropolitan Nat.....
Nat. Laf.&Bk.of Com.
Ohio Valley Nat’l
141
Queen City National..
Second National
15*2
Third National
19*2 20
Western German Bank
129
133
Hartford.
32
100
58*2 ACtna Nat
American Nat
50
44^ 40
Charter Oak Nat.. 100
128
123
92
95
City
100
Connecticut River 50
100
11*2 12*2 Far. & Mech. Nat. 100
First Nat
100
33
Hartford Nat
100
12*2 13
.Mercantile Nat.... 100
132
National Exchange. 50
128
20
Phoenix Nat
100
19
State
150
100
108
United States
100
81*2
31
Boylston
ioo
..ioo
ioo
100
ioo
Broadway
Bunker Hill
Central
100
100
ioo
City
ioo
Columbian
100
Commerce
ioo
Commonwealth... 100
Continental
ioo
Eagle
Eliot...
Everett
Exchange
Faneuil Hall
ioo
ioo
ioo
100
100
First National
100
First Ward
ioo
Fourth National.. 100
Freemans’
©lobe
Hamilton
100
ioo
ioo
Hide & Leather... 100
Howard
ioo
Lincoln
ioo
Manufacturers’.. .100
Mwket
ioo
Market(Brighton). 100
Massachusetts ....250
Maverick
ioo
Mechanics’ (So.B.)lOO
Merchandise
100
Merchants’
Metropolitan
Monument
ioo
100
ioo
100
Mt. Vernon
New England
100
North
100]
North Amerioa....lOOI
OldBoston
People’s
Redemption
Republic
Revere
Rockland
Second Nat
Security
50 ■
ioo
ioo
ioo
ioo
100
100
ioo
ioo
130
114
106
120
128
103
127
100
Traders’
Tremont
121
Falls City TobaccolOO
Farmers’ of Ky ... 100
Fanners’ & Drov.. 100
First Nat
100
German Ins. Co.’s. 100
German
100
German National- 100
185
131
103*2
195
125*4
100
116*2
115*2 116
It 0*2
Washington
ioo
120*2 L21
102*2 103
141*4 142
50
ioo
B’k of Chas.(NBA) 100
First Nat, Clias.. .100
People’s National. 100
134
205
200
First National
Fulton
City National
Commercial
Long Island
Man ufact urers ’
Mechanics’
Nassau
100
Commercial Nat... 100
*
110
118
170
175
Importers’ & Tr... 100
Irving
100
Nassau
50
100
N. Y. Nat. Exch’gelOO
New York County. 100
Ninth National.... 100
North America
70
North River
30
25
Oriental
Pacific
50
inc e nominal; no late transactions.
50
Metropolitan
New York
Chicago.
American Exck. Nat..
Atlas National
100
25
100
Leather Manufts.. 100
Manhattan
50
Market
100
Mechanics’
25
Mechanics’& Tr.. .25
Mercantile
100
Merchants’
50
Merchants’ Exch’e 50
Charleston.
Chicago Nat
Greenwich
Hanover
:
145
320
107
325
150
118
150
225
240
100
50
40
50
60
100
270*
110
280
139*
255*
130
07
196
140
200
102
00
100
90
"
101
«
•
m
m
m
91
250
172
125
139
144
140
142
124
119
115
169
138
117
X141
64
xl52
180
Corn
....
107
114
104
J 73
220
141
146
133
257
Richmond, Va.
.City Bank
143
126
120
First Nat
100
Merchants’ Nat... 100
Nat. Bk of VirginialOO
Planters’ Nat
100
State Bank of Va.100
116
170
140
119
100
*9*6*
**56*2
95
162
50 x67*s 72
56
59
Merchants’MutuallOO
110
Mechanics’ & Tr... 100 xl06
14*2 15
New Orl’s Ins. Ass’n 30
20*2 22*2
NewOrl’s Ins. Co.. 50
Lafayette
Teutonia
20
City
70 115
50
158
146
51
160
148
116
121
138
ns
123
29
130
125
102
145
116
30
135
140
104
Fire Association ..100
Firemen’s
17
70
80
German-American 100
50
Germania
Globe
50
Greenwich
25
Guardian
100
Hamilton
15
Hanover
50
Home
100
Howard
40
Jefferson
30
300
jj
'205
170
..20
..20
..25
..20
..25
100
|i Aurora
:j Cincinnati
ilCitizens’
I i Commercial
! Eagle
110
143
1
.20
Enterprise
20
IjEureka
117*2 j|Farmers’ Ins. Co. ..20
24
155
125
! 13*8 *
I! Fidelity
100
..20
jFiremeVs
! Germania
..20
Globe
..20
Merchants’* Manuf 20
Miami Valley
..50
National
".
Security
Washington
167
this week.
Western
§ Quotations
50
105
125
125
55
105
175
-
70
30
70
Lafayette (B’klyn) .50
Liberty
100
Long Isl’d (B’klyn).50
100
128
95
90
90
110
Manuf. & Builders’100
Mechanics’ (B’klyn) 50
Mercantile
50
Merchants’
50
70
55
60
80
60
140
75
145
90
155
25
90
100
25
100
146
170
90
50
North River
70
20 150
85
50
160
95
103
140
18
5%
4
„
.
.
25
100
125
100
10v
70
8*2 Rutgers’
27
Standard
tz
5
5<
Sterling
100
130
130
260
25
Stuyvesant
25
10
United states
Westchester
115
139
95
90
126
120
115
124
86
95
95
90
117
127
90
100
100
100
100
100
..20
25
.
per
155
50
People’s
Phenix (B’klyn) ....5(
16
80
87
140
105
N. Y. Equitable
35
New York Fire—100
Peter Cooper
.....
150
150
170
120
120
120
95
100
210
240
100
110
120
100
90
320
160
125
215
70
115
130
130
60
115
200
80
90
100
100
125
80
70
135
202% Niagara
122*2
150
Montauk (B’klyn).. 50
Nassau (B’klyn)—50
110
110
80
115
150
140
285
139%
96
91
PRICES
OF
EXCHANGE
128
MEMBERSHIPS.
181*2 182
40
40*4
Cincinnati.
1152*5 [Amazon
145
110
190
Williamsburg City..5(
100
100
100
!!’ Boylston
Dwelling House... 100
!! Eliot
100
100
Firemen’s
j Manufacturers’. . 100
iiMass. Mutual
100
h Mercantile F. & M.100
j!Neptune F. & M.. 100
jj North American . 100
100
11 Prescott
100
Washington
American F. & M.
! ] Boston
j
jj
j
S315
40
Kings Co. (B’klyn) .20
Boston.
145
85
80
190
225
80
100
90
30
50 100
Empire City
Exchange
Farragut
Park
200
110
Citizens’
142
260
...5
..10
.10
140
140
140
..25
25 155
17 110
Bowery
Broadway
Brooklyn
Pacific
Maryland Fire
National Fire
25
100 xlijfto
100 xll7 120
Eagle
......
34
50*a
x74
Commonwealth. ..100
56
198
Howard Fire
39
60
116*2
66*2 70
New York.
Alliance
1000
American
50
An^lo-Californian
FIRE INSUR’CE
STOCKS.
L36
Baltimore.
Associate Firemen’s.5
Baltimore Fire Ins.10
3600! Firemen’s Insur’ce .18
6*4
54
34
56
43
4
X...
130
460
320
160
175
260
90
126
90
130
103
Bank of California
First Nat. Gold
100
1
.
134
112
.100
100
100
100
100
100
100
Mechanics’
Merchants’ Nat... 100
St. Louis National.100
Third National.... 100
San Francisco.
..
76
x56
174*2
215
: Last price
»yal Insurance...
Knickerbocker
St. Louis.
B’k of Commerce.
Commercial
Continental
Franklin
Fourth National
International
143
67
115%
125
130
185
160
25
22*2
159
3*«
38
Queen Fire & Life.. .1
245
..100
Portland} He.
77*2
195
5%
170
107
100
100
100
Cumberland Nat.. .40
Canal Nat
100
Casco Nat.
100
First Nat
100
Merchants’ Nat
75
National Traders’. 100
285
135
*4*5
50
141
200
132
Liv. & Lond. &Globe.2
52
33
64%
Southwark Nat
50
Tenth Nat. Bank
Third Nat
100
Western Nat
50
West Philadelphia. 100
91
25
Sun Mutual
.
245*2
112*2
21*a
Imperial Fire
People’s
Spring Garden
245
109
280
130
75
190
100
74
155
Nat. B’k Commerce.50
Second Nat
Seventh Nat
Sixth Nat
118
118
London, Eng.
Ask.
New Orleans.
Philadelphia Nat.. 100 248
L23
PhoBnix....
Nat.B’k Germant’n.50
Nat.B’kN. Liberties 50
Nat. B’k Republic. .100
National Security. 100
Penn National
163
Hartford, Conn.
Bid.
55
42
43
Manufact’r’rs’ Nat. 100
Mechanics’ Nat....100
Merchants’ Nat
167*4 170
206”
50
50
Keystone Nat’l
90
65
128
95
12*8
350
145
100
Kensington Nat
140
150
97
100
Independence
xl08*4 110
20*4
118
105
145
126
120
108
225
98
Girard National....40
xl05% 110
150
195
lt'O
170
164
142
145
139
115
112
142
Exchange Nat.50
First Nat
100
Farmers’&Mech.N. 100
Fourth St. Nat’l....100
-
120
XL25& 130
x490
550
xOl
63
182
334
185
122
110
140
230
115
Insurance Stocks.
50
124*2 Eighth Nat
275
135
75
210
145
225
Ask.
166*2 169
50
Commercial Nat
Commonwealth Nat 50
Consolidation Nat..30
150
100
140
xll8
250
162
130
210
22 o
3200
300
100
City National
xl43& L63
1140
Exchange 100
.
160
xl50% 158
♦172
20
B’k of N. America 1Q0
Centennial Nat....100
152
58
Phenix:
Produce
Philadelphia.§
110
65
100
95
49
107
98
122
195
130
150
First National
100 1600
Fourth N ational... 100 141
Fulton
30 105
Fifth Avenue
100 750
Gallatin National ..50 200
Garfield
100 225
German American. .75 112
92*4 92%
100*2 101
Germania
Brooklyn.
Brooklyn
175
200
180
Kentucky Nat
100 132
l/ouisv. Banking Co.40 255
ioo
100
ioo
ioo
225
175
142'
25
Second National..IOC
Seventh Ward
100
8hoe & Leather.... 100
St. Nicholas
100
State of N. Y
100
Tradesmen’s
40
United States Nat. 100
Western National
100
100
95
100
People’s
Republic
137*2 140
180
800
170
Bid.
Park
140
360
165
116
117
106
109
102
131
Union
Webster
BONDS—Concluded.
Bank Stocks.
104*2 110
114*2 Citizens’ National.100
100*2 City Nat..
100
..
99
116
120
122
162
90
Masonic
100
102% 10234 Merchants’ Nat. ..100
129
130
Northern of Ky .. .100
95
97
People’s Bank
125% 125*2 Second Nat
100
140
140*s Security
100
220
230
Third National.... 100
128
132
100
Western
112*2 113
New Orleans.
91
93
Canal & Banking.. 100
93
94
Citizens’
100
124*2 125
Germania Nat
100
113% 114*4 Hibernia Nat
100
107
108
Louisiana Nat..
100
110*2 111
Metropolitan
100
94
90
Mutual Nat
100
91
92
New Orleans Nat.. 100
140
143
People’s
50
102
102*2 State Nat
lOOx
222*2 225
Union Nat
100
140
150
New York.
97*2 98
America
100
138k 138*« American Excb’gelOO
117*4 117*2 Broadway
25
220
223
Butchers’& Drovers25
133
133*2 Central National.. 100
140*4 147 | Chase National >..100
132*4 132*5; Chatham
25
103
103*2 Chemical
100
58% 59 i City
100
102
103 i Citizens
25
128
128*4; Commerce
100
138
140
Continental
100
125
120
Corn Exchange ...100
14 8*2 149
25
East River
152*2 153 1 Eleventh Ward
25
Shawm nt
Shoe & Leather....IOC
State
ioo
Suffolk
ioo
Third Nat
100
117
245
B’nk of Commerce
Bank of KentuckylOO
Bank of LouisvillelOO
33
128
12012 121
137
137i«
119
120
185
Ask.
Louisville.
130ie 131
102
183
STOCKS AND
Bid.
Bank Stocks.
Ask.
Boston.
Atlantic
Atlas
Blacks tone
Boston Nat
QUOTATIONS OF
[Vol. XLVI,
.Explanations See Notes at Head of First Paso of Quotations.
500 xl095 1100
Pepperell (Me.)
Pooasset <F. R.).. .100
Blok. Bord’n(F.IL) 100
Robeson (F. Riv.) 1000
CHRONICLE
24,000 ask.
22,000
N.Y. Stock
Last sale. Fob. .1
N.Y.Cousol.Stock& Pet.
Last sale, Jau. 5....
94% N.Y. Produce
Last sale, Jan. ’88..
N.Y. Cotton
Last sale, Jan. 31
160
N.Y. Coffee
110
148
145
230
60
220
..
100
70
90
100
Last sale,
Jan. 31..
101
217*2
90
150
160
100*4 104
130
135
175
170
share.
1,750 ask.
1,7C0
1,450 ask.
1,425
650 ask.
600
R’l Est.Exch.&Auc.R’m 1.300
Last sale, Jau. 25...
1,265
Boston Stock
15,000
Last sale, Dec. ’87. 15,000
152*2 Philadelphia Stock
Last sale, Deo. ’87
102*2 105
_
975 bid.
1,000
Chicago
Last
.
Board of Trade
sale, Jan. 28..
ask.
bid.
3.300 ask.
3,500
1,850 ask.
1,850
£
February
THE CHRONICLE
4,1888.]
169
Latest
taesitwjewl
Roads.
Week
or
| Jan. 1 to Latest Date.
Earnings Reported.
Mo
1887-8.
1886-7. '
1887-8.
1886-7.
AND
$
$
fftaxlrcrad intelligence.
L. Rock A Mein.
Long Island
Lou. & Mo. Riv..
Louis.Ev. ASt.L.
Louisv. & Nashv.
Lou.N.A. A Chic.
Louisv.N.O. AT. 3d wk Jan!
The Investors’ Supplement contains a complete exhibit oj
the Funded Debt of States and Cities and of the Stocks and
Bonds of Railroads and other Companies. It is published
on
the last Saturday
of
every
December.
3d wk Jan
1th wkJan
October...
3d wk Jan
3d wk Jan
3d wk Jan
Lehigh & Hud...
November.1,
Lykens Valley.
other month—viz., January,
Mar. Col. A No.. December.!
Mar.Hough. AO. 3d wk Jan I
Memphis AChas. 3d wk Jan*
March, May, July, September and November, and is fur¬
nished without extra charge to all regular subscribers of the
Chronicle.
Extra copies are sold to subscribers of the
at
Chronicle
50 cents each, and to others at $1 per copy.
3d wk Jan
^Mexican Cent
*Mex. N. (all Ins)[December.
Mil.L.Sh.AWest 4tli wkJan
Milwaukee A No. [3d wk Jan
RAILROAD EARNINGS.
..
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¬
Gross Earnings to Latest
tained.
Latest
j Jan. 1 to Latest Date.
Earnings Reported,
Roads
Week
or
Moj
1887-S.
j 188G-7. I
188G-7.
1887-8.
$
$
$
$
December.; 170,0481 156,799! 2,029,108: 1,812,729
Atch. T. &S. Fe. November. 1,657,078 1,710,355116,965,412 14,450,378
Atlanta & Char. [November.
134,539' 113,504! 1,198,749 1,054.093
Atlantic A Pac.. 3d \vk Jan
72,604
172,440
55,883
151,681
Balt. & Potomac'December.!
120,983
110,349 1,447,332 1,345,873
Beech Creek
! December. I
58,789
786,823
609,096
97,352!
Buff.Roch. A Pitt 4th wk Jan!
39,821!
33,960!
149,623
123,446
Allegheny Val.
45,834!
Bur.C.Rap.& No. 3d \vk Jan!
Cairo V. & Chic
Cal. Southern...
lCamden & Atl’c
Canadian Pacific
3d wk Jan
47,629 i
12,922;
44,523
33,724
155,000:
13,971
135,756
37,886
105,252
678,644
544,000
276,485
147,265
41,004
3d wk Jam
December
29,597
.500,091
3d wk Jan
127,000!
431,000
21,330
Cp.F’r AYad.Val December. I
227,222
26,537j
Carolina Cent... December.j
46,219
48,6951
281 72*2
Central of Ga... 3d wk Jan
106,816
96,398!
320,174
Central Iowa
December.; 134,518! 126,737 1,352,532 1,323 J»25
Central of N. J. December.;
074,880 905,925! 11,528,588; 10,742,802
October.
Central Pacilic
11,333,101 1,141,081; 11,190,643 9,940,703
Central of S. C. November.!
0,241
8,175!
44 6,2051
433 081
Charlest’n &SavjNovember.!
40,574!
42,910
Cheshire
November.!
49,964
54,303
605,777!
579,862
I
Cheraw & Dari November.
7,511
7,017
-
Chesap. A Ohio. November.;
Eliz.Lex.AB.S.
Ches.O. AS. W..
Ches. & Lenoir..
Chic. A Alton..
Chic. A Atlantic
Chic. Burl. A No.
Chic. Burl. A Q
Chic. & East. Ill.
Chic. & Ind. Coal
Chic. Mil. A St.P.
Chic. A N’thw’n.
Chic. A Oh. Riv
Chic. St.L.APitts
Chic. St.P. AK.C.
December.
December i
November.!
October... j
3d wk Jan!
November.
4thwk Nov
903,372
808,942
31,295
7,392,907
10,845
599,410
10,785
236,880
7,642
58,705
27,104
14,017
7,772
3d wk Jan
December, j
3d wk Jan!
3d wk Jan!
3d wkJan
3d wk
3d wk Jan
3d wk Jan
Jan!
7,225
115,723
ErlangerSyst 3d wk Jam
6,658
95,068
33,721
9,572
33,682
381,253
5,207
16,181
Det.Bay C. AAlp. iDeeember. |
Det.LansfgANo.3d wk Jan
Duluth S.S.AAtl. 3d wk Jail
E.Tenn.Va,AGa.;3d wk Jan
Evans.& Ind’plis 3d wk Jan!
Evansv. & T. II. 3d wk Jan!
Flint A P. Marq. 3d wk Jan
Fla. R.&Nav.Co. 3d wk Jan
Ft.W.ADen. City 4th wkJan
Georgia Pacific. 2d wk Jan
Gr. Rap. A Ind.. 1st wk Janj
Other lines
1st wkJan
Grand Trunk... Wk.Jan.21
.
Gn.Bay W.ASt.P November.
Gulf Col. AS. Fe. December.
Hous.ATex.Oen.:3d wk Jan
Humest’n ASlieu December
Ill.Cen. (Ill. A So) December
Cedar F. A Mm. November.
Dub.ASiouxC. November.
Ia. Falls AS. C. November.
Ind. Bloom. A W. 3d wk Jan!
Ind, Dec. A Spr. December.
Ind. A St. Louis. 3d wk Jan
Jack. T. & K. W. November.
K.C. Ft. S. AGulf. 3d wk Jan
Kan. C. Sp. AM. 3d wk Jan
Kan. C. Cl. A Sp. 3d wk Jan
Kentucky Cent. December.
Keokuk & West. 3d wk Jan
Kingst’n A Pern. 3d wk Jan
Knoxv. A Ohio November.
Lake E. & West 3d wk Jan
4.009,351! 3,755,867
937,528
1,103,585;
1,998,178; 1,713,325
12.105
140,124
00,2661
142,001
7,043
563,499
6,943,428
17.807
56,111
246,977
5,725
60,013
28,022
2,692,070
18,922
17,080
3,098
14,721
-14,012
22,840
15,400
4,580,069
17,3551
........
25,895
31,000
13,788
31,204
346,480
6,245
118,901
30,243
345,161
351,982
6,102
18,2921
204,5181
597,600
57,475
24,542
14,074
8,270
94,448
5,683
14,213
36,833
466,667
38,422
50,(522
316,349
11,023
43,125
128,532
69,470!
58.200!
20.850
10,154
29,367
24,852
53,256
31,337
2,392
266,131
31,844
1,581
240,779
31,337
2,392
.
31,646
350,988
1,183.684
8,427
18,275
2,100
28,706
6,658
31,292
22,000
104.418
28,057
12,983
127,746
6,245
102,122
45,155
6,549
59,000
180,02 1
•
2,601,563
22,074!
18,521
173,173!
162,500
84.630
70,205
45,422
41,016
14,557
12,171
5,108
56,000
155,100
6,153,266
834,926!
1,130,324
128,380
24,843
327,710
4,184,117
16,577
18,590
223.565
545,650
46,050
242,017
44,305
25,326
275,665
12,311
37,773
113,523
65,28<»
37,619
41,140
31,844
1,581
791,127
316,004
34.377
420.967
36,725
234,646! 2,928,277! 2,274,171
356,270
45,069
50,829
133,5291 161,647
17,420
16,564
161,761
160,852
110,900 1,112,721 11,820,• 32 10,770,187
10,540
15,892
106,872
159,126
82,235
84,855
868,578
765,251
67,128
625,525
54,843
576.249
48,913
47,534
143,638
135,323
61,297
449,098
30,540
411,634
34,497
38,267
109,562
101,806
35,492
38,624
402,173
252,459
42,990
56,473
128,293
151,043
28,979
42,460
83,752
108,933
j
5,083
9.427
13,196
|
88,259
71,461 1,074,590
920,697
5.649
6,634
20,003
16.047
1,906
1,073
5,3 / o
3,399
47,052
36,995
228,423
20,782
38.153
53,566
18,228!
293,815
27,339
49,311
174,407
500,371
48,330'
157,876
60,405!
4,613
5,260
718.859
42,722
92,666
154,300
53,500
14,508;
110,764
56.200
859,900
89.446
219,030
62,346
158,851
454,780
47,407
816,250
85,504
133,307.
694,45^
64,342
24,757
15,721
117,021
341.100
283,886
1.777,491
1,743,450
133,434
41,085
142,885
43,328
149,184; 1,505,098
1,549,610
November.!
25,101
44,016
12,83
19,879
8,652
7,161
December.!
242,182
275,482
287,024
220,046
November. I
73,773
06,701
December.
$
21,004
4th wk Dec*
1st wk Janj
December.
[3,220,021 2,945,063
Wk. Oct. 8
11,358
12,473
December. 2,029,035 1,985,149
December. I 425,857
386,277
3d wk
25.306
19,429
Janj
December.1 135,645
112,545
1th wkJan!
84,068
66,379
November.!
47,237
45,297
December j 400,286
457,800
l th wkJan
210,417
182,872
3d wk Jan
71.306
81,823
3d wk Jan !
6,723
4,601
December
62,672
32,839
286,289
303,252
November.
540,092
7,161
2,485,232 ' 2,224,459
3,055,917' 2,400,772
750,875;
740,903
36,206,024 32,651,015
441,664
419,243
24.164,236 23,002,500
4,446.905 4,169,202
71,355?
58,014
1,305,181 1,129.439
340,144
261,655
494,786
490,060
6,212,027! 5,474,618
571,421
656,386,
223,372
217,967
13,803
20,343!
508,757
505,443!
3,796,502! 2,735,013
5,164,398 5,211,920
1,504,557.
8,652.
Oregon Imp. Co
103,391
00,538
Oreg. R. A N. Co. 3d wk Dec
Pennsylvania... December 4,892,954 4,428,216.55,671,303 50,379,068
Penn. Cnmpany.
No. West. sys. December 1,585,696 1,350,956! 18,532,322 15,469,215
So. West. sys.. December ,1,287,937 1,166,064|14,362,552 12,002,449
Peoria Dec. A Ev. 2d wk Jan
16,922
26,513
30,811
12,326
31,404
326,177
28,300
326,276
Petersburg
November.
Pliila. AErie
December
328,637
301,174 4,036,931 3,708,484
fPliila. A Read’g. December. 1,715,656 1,576,714 21,903,073 19,766,815
Coal A Iron Co. December 1,573,422 1,342,525 "10,656,704!
15,843,679
‘
Tot.both Co’s.. 'Deecpiber 3,289,078 2,919,238 41,559,777[35,610,494
Pitts. A West’rn 3d wk Jan
’9,008 i
104,946
24,7471
34,968
283,165
292,860!
P’rtRoyal AAug. November.
26,609j 25,752
Pt. R’alA W.Car. November.
33,548
33,008
...
RAW.P.Ter. CoRich. A Danv 3d wk Jan
Va. Mid. Div.. 3d wk Jau
C. C. A A. Div. 3d wk Jau
Col. A Gr. Div. 3d wk Jan
WestN. C. Div. 3d wk Jan
W.O. A W.Div.!3d wk Jan
Ash. ASp. Div.[3d wk Jan
3d wk Jan
Total all
Rich. A Petersbg, November.
Rome W. A Og
November.
IJSt.L.Alt AT.II. 3d wk Jan
3d wk Jan
Branches
St.L. Ark. A Tex 3d wk Jan
St.I,. A San Fran. [ Itli wk Jan
St.Paul ADuluth 3d wk Jau
St.P.Min. A Man. December
...
6,565,102
03,886
2,134,200
November. : !,382,965 2,2 6,330 25,448,822 ;24,359,076
3d wk Jan
30,900
33,605
ill,482!
108,222
3d wk Jan
6,224
30,«80l
17,525
0,333
4th wk Jan! 491,000
473,100 1,452,000! 1,400,239
December.,! 5,101.563 2,174,554 27,140,726 25,348,818
December !
66,271
4,143
9,109
73,300
December, i 523,407
460,425 5,862,764 4,842,317
Cin.Rich.AFt.W. 1st wk Jan
Cin. & Spring’d December.!
Cin. Wash. ABalt. 3d wk Jan
Clev. Akron ACol 3d wk Jan
Clev. A Canton November.)
Clev.Col.C.A Ind December.
Clev. & Marietta 3d wk Jan!
Cceurd’Alene... December !
Col. A Cin. Mid 3d wk Jan
Col.Hock.V. A T. 4th wk Jam
Denv. & Rio Gr 4th wk Jan;
Denv. A R. G. W. 3d wk Janj
Den. Tex. AGulf. December.!
.
358,551
80,846
166,875
6,163
31,664
154,890
Chic. St.P.M.AO. December.!
Chic. & W. Mich.
Cin.Ind.St.L.AC.
Cin. Jack; & Mac.
Cin. N. O. &T. P.
Ala. Gt. South
N. Orl. A N. E
Vicksb. A Mer.
Vicks. Sh. & P
412,123
87,83:109,631
7,402
..
15,086
37,240
60,565
18,267
267,565
28,077
44,525
94,872
6,773
8,31
42,135
120,000
152,625
44,798
Minneap.A St. L. December.
Min.St.Ste.M AA
Minn. ANo. West.
Miss. A Tenn
Mobile A Ohio
Nasli.Ch. ASt.L.
New Brunswick.
N.Y. Ceil. AH.R.
N. Y. A Northern
cN.Y. L. E. A W
N.Y. A New Eng.
N.Y. Out. A W...
N.Y. Sus. AW...
Norfolk A West.
N’theastrn (S.C.)
Northern Cent’l.
Northern Pacific
Ohio A Miss...
Ohio River
Ohio Southern
15,140
....
S.Ant.AAr.Pass.!2d wk Jan
103,9,0
34,225
18,2' 0
14,650
13,025
2,200
2,275
180,450
20,175
279,508
34,497
18,830
42,807
143,200
14,530
005,264
17,820
70,723;
07,486
101,775
22,050
18,600
13,275
11,100
2S9.350
94,375,
51,300
41,000!
1,000
800
170,400
6,875 [
5,775!
17,332
240,607
38,267
18,720
37,489
148,685
22,813
700,161
42,075!
530,750
210,584
2,051,704
100,562
51,957
130,202
257,775
69,600
45,000
34,825
29,050
6,075
2,500
444,825
193,452
2,645,381
101,806*
49,934
112.467
41,010
386,486
68,439
8,745,227
7,427,339
392,732
34,781
726,223
November.
623,339
6i*,53G
December
54,693
Shenandoah Val December
73.000
904,640
740,654
54,315
South Carolina
November.
113,609 1,004,494 1,022,630
119,674
So. Pacific Co.—
Gal.Har.AS.A. November.
291,208
211,975 3,032.306 2,352,793
November.
Louis’a West
765,948
578,637
76,014'
57,350
554,584
403,242 4,063,527 3,700,604
Morgan’s LAT. November.
144.785
N. Y. T. A Mex. November.
13,157
15,706
154.900
Tex. AN. Orl
November.
806,015
108,3011
94,918 1,148,437
Atlan’c system
[November. 1,044,255 783,290 0,1 65,-80 7,672,825
Pacific system'November. 2,507,606 2,117,351 24,652,822 21,532,787
Total of all.. iNovember. 3,641,951 2,900,641 33,818,100 29,205,612
So. Pae. RR.—
No. Div. (Cal.) October...
162,778
170,541 1,447,398 1,335,421
So. Div. (Cal.) October...
492,397
245,110 3,419,580 2,643,033
Arizona Div
143,148
127,472 1,352,639 1,261,328
[October
New Mex. Div October
552,083
50,943
36,119
576,597
73,616
69,763
10,558
9,687
Spar. Un. A Col iNovember.
788,313
Staten Is.Rap.Ti [December.
50,515
852,581
44,537
Summit Branch (November.
628,710
147,222
117,067 1,235,857
341.377
Texas A Pacific .'3d wk Jau
384.232
101,274
118,610
Tol.A. A. A N.M’h 4th wkJan
35,242
14.959
11,269
48,368
71.688
Tol. A Ohio Cent. 3d wk Jau
55,981
22,427
19,601
Tol. P. A
54,371
19,139
51,465
19,353
wk Jan
Union Pacific...INovember. 2,597,585 2,351,431 26,313,894 23,936,643
Scioto Valley
Seab’rd A Roan
.
..
...
...
West..[3d
Valley of
56,793
Wab.
91,787
Ohio..[November.
Western...[3d wk Jan
Wab., E. of Miss November
West N. Y. A Pa. 4th wkJan
tWest Jersey.... December.
Wil. Col. A Aug November.
Wheelitig A L. E. 3d wk Jan
aWisconsin Cen.*3d wk Jan
590,850
61,106
91,693
581,540
601,160
267,873
6,354.791
213.900
66,500
98,897
74,006
15,581
64,300
83,569
64,217
12,192
1,460,215
46,244
45,127
134,944
678,224
44,902
570,977
258,856
6,201,669
189,809
1,352,458
614,678
34,730
119,979
* Mexican currency.
deducting earnings paid over to leased roads operated on a per¬
centage basis.
tNot including Central of N. J. in either year.
1T Including Ind. A St. Louis.
\ And branches.
c
a
After
All lines included.
Earnings by Weeks.—The latest weekly
earnings in the foregoing table are separately summed up
Latest
Gross
below.
•
34,858
34,075
97,541
‘
102.504
considerable falling off in earnings on
result of the bad weather prevail ing
in that period, our final statement of earnings for the third
week of January shows a slight gain over the corresponding
period in 1887.
a
Notwithstanding
a
number of roads
as a
THE CHRONICLE
170
[VOL XL'VI,
©
3d week
of January.
Prev’ly report’d (38 roads)
A Elatifir*. <v
1887.
$
$
2,122,003
55,883
47,629
16,721
58,705
60,013
27,104
14,917
7,772
7,225
33,721
9,572
43,000
8,763
104,418
44,012
22,840
28,022
Cleveland Akron A Col...
Col. Hock. Val. A Tol
Detroit Mack. A Marq
IRpjat. nrprm Vn. A. 6a
Tlint & Pere Marquette..
Florida Ry A Nnv. .
Orand Trunk of Canada..
Houston A Texas Cent...
Kansas C. Ft. S. A Oulf
266,131
45,069
42,990
..
28,979
...
5,083
1,906
Kingston A Pembroke
Little Rock A Memphis...
..
15.086
8,317
Marquette Hough. A Out.
Memphis A Charleston..
42,135
12,195
71,306
6,723
103,975
34,225
18,200
14,650
Milwaukee A Northern...
Ohio A Mississippi
Ohio River
Richmond A Danville
.
Virginia Mid. I)iv
Char. C. A A. Div
Col. A Gr. Div
West North Car. Div
Wash. O. A W. Div
Ash. A Spar. Div
*St. L. Alt. A T. IL, M. Line
fit. L. Alt, A T. IL Brehs..
Tol. Peoria A Western
13.925
2,200
2,275
1*6,418
17,807
5,725
1,978
1,795
........
360
4,399
5,758
........
1,145
3;oio
5,753
94,448
9,970
7,179
1,990
36,833
20,850
240,779
738,161
639,229
387,685
10,000
Peoria Dec. A Evans.Gross.
Net...
80,8 >9
716,546
344,374
672,662
337,244
334,985
5,696
....
587
2,313
10,517
........
2,122
2,200
19,139
19,353
3,622,001
3,540,509
400
1,375
3,770
........
110
....
291,314
14,959
11,269
64,300
3,690
1,352,642
1,327,347
74,180
....
....
Norfolk A'.'Western
Northern Paeifie
fit T-onis A- San Fran
Toledo Ann A. A No. Mich.
Western N. Y. A Penn
—
Total (12 roads)
$
66,500
Col. II. Val. A Toledo
Denver A Rio Grande
Port Worth A Denv. City.
IiOng Island
Milwaukee L. Sh. A West.
including royalties.
ANNUAL REPORTS.
5,861
3.000
24,924
5,246
913
*
........
(For the year ending December 31, 1887.^
Last week the Chronicle published from manuscript copy
the full report of this company except the balance sheet, and
now the figures of the latter are given in the table below, in
comparison with previous
,
A
17,810
8,702
17,689
27,545
5,485
2,200
48,885
25.295
Net increase (191 p. c.)..
Monthly to Latest Dates.—The tables follow¬
ing show the latest net earnings reported this week, the
returns for each road being published here as soon as received,
but not kept standing from week to week.
The first state¬
ment includes all roads for the latest month and from Janu¬
ary 1, 1887; following that we give the totals for the fiscal
year on those companies
with the calendar year.
whose fiscal year does not correspond
Month and Calendar Year.
-December.1887.
18S6.
$
Bonds.
$
Allegheny Valley—Gross.
150,700
Net...
170,048
73,727
Gross.
120.081
110,340
37,113
30,350
Balt. A Potomae
Net,..
04,500
20,507
33,724
Net... def. 0,314 del. 8,257
891,100
Canadian Pacific.... G ross. 1,151,741
Net...
303,707
280,245
48,695
46,219
Carolina Central— .Gross.
Net...
22,888
23,874
.Net...
64,600
49,862
*Col. Coal A Iron Co.
101,941
95,693
Dcnv. A Bio G. West .Gross.
Net...
39,031
21,682
Louisville A Nasliv. .Gross. 1,449,562 1,278,717
Net...
575,179 538,685
G ross.
0,773
4,013
Mar. Col. A No
Camden & Atl. & hrs. Gross
.
.
Net...
Net...
472,990
Mississippi.. .Gross.
3 15.919
Net...
Philadelphia A Erie. .Gross.
Net...
078.044
$
1,812,720
081,230
1,345,-73
513,010
500,001
120.775
138,503
11,000,412 10,08.1,803
3.504,118 3,703,487
621,437
1,181,324
341,808
10,044,473
0,251,557
64,342
390,507
1,057,09.3
3 a 1,099
13,978,540
5,522,115
51,928
211,527
892,804
1,502,789
693.125
3,372,061
43,035
1,611,254
112,014
328,037
87,007
Total assets
Ei n Jiilit l/b?
(C
—
Total liabilities
*
41,843,804 41,656,642 42,461,213 44,017,310
miscellaneous
These
Net...
.Gross.
Net...
71.223
def. 992
Shenandoah Val
assets include the
54,093
20,993
51.315
902,802
740,054
3,900
129,310
110,059
following: Suudry bonds,
$47,415; 6,500 shares Albany A Susquehanna RR,, $650,000; 16,000
shares Rensselaer & Saratoga RR., $1,600,000; sundry stocks, $306,944.
Central Coal Company
of Maryland.
(For the year ending December 31, 1887.^
The annual report of this company in circular form has the
following:
Tons.
181,905 16
149,043 08
Coal mined in 1887
Coal mined in 1886
32,862 03
Increase
STATEMENT OF PROFITS FOR THE YEAR 1887.
Dee. 31st, balance to credit of coal account
Dec. 31st, coal on hand
1S87.
Deduct amount paid for railroad
shipping expenses, salaries, etc
Net
$168,604
2,946
freights, mining, oflice and
432,883
$38,668
earnings for the year
Balance to credit of
profit and loss, Dec. 31st, 1886—.
$252,684
.
paid March 1st, 1887
50,000
•
$202,684
Add¬
ict earnings
for the year 1887
Balance to credit of protit
38,668
-
and loss December 31st, 1887....
GENERAL BALANCE DEC.
Real Estate
Personal property
Personal property
Koontz Barracks,
_
!
$5 000,000
75,574
2,500
at mines
at New York and Hoboken
Barges
Cash in Trust Company
-
Cash in Office
Coal on hand
Accounts uncollected
$241,353
31, 18S7.
jA-Ssets*
.
07,480
35.991
(S
Q!
Stock
....23,500,000 23,500,000 24,500,000 24,500,000
Bonds
15,378.000 15,378,000 15,378,000 15,378,000
Miscellaneous accounts...
778,072
812,002
694,392
651,134
Profit and loss
2,187,732 1,966,640 1,888,821 3,488,176
Dividend
207,336 4,254,794 3,252,057
91,011 1,771,014 1,291,147
899,005 13,854 .320 12,329,552
383,708 0,010,290 0,140,372
296,918 4,128,305 3,827,831
80,405 1,430,441 1,150,107
301.171
1,030,931 3,708,48 t
91,880 1,579,88 4 1,405,952
.Gross. 1,715,050 1,570,71 1 21,903,073 19,706,815
riiila. A Reading
Net,..
793,032
008,292 11,310,911 8,513,720
Coal A Iron Co— .Gross. 1.573.122 1,312,525 19,056,704 15,843,679
Net... df. 40,204 df.21,649 1,423,929 d. 1093,132
G
ross. 3.289,078 2,919,238 41,559,777 35,010,49 4
Total both Co.s—
Net...
040,043 12,734.840 7,420,588
747,428
Seaboard A Roanoke .Gross.
2.823.813
41,843,804 41,656,642 42,161,213 44,017,310
Deduct—
2,729
400,428
Norfolk A Western..
182,059
.Gross.
1,181.773
Northern Paeilie. ...
.Gross.
Net...
Ohio A
$
2,020,108
707,700
1,447,332
538,055
$
$
6,339,210 6,339,210
7,257,329 7,276,629
9,725,394 10,757,387
2,792,511 2,815,844
893,723
1,007,821
1,022,938 1,022,938
3,597,074 3,878,724
300,000
300,000
59,972
59,972
211,765
212,993
212,993
649,905
332,652
183.697
330,737
861,729
444,864
756,040
720,055
766,149
2,740,040^2,586,396 *2,604,359
43,035
14,735
14,735
1,185,028 1,135,412 1,200,174
3,961,939 4.459.007 5.255,912
6,339,210
6,468,684
9,325,365
Mineimpiov’ts, fixt’es, Ac. 2,792,417
Coal-yard, barges, Ac
790,779
Lack. A Susquehanna RR. 1,022,938
New York A Canada RR..
3,597,074
Cherry Val. & Sharon RRr
300,000
Telegraph and Car Co
Supplies,tools, Ac.,on hand
1887.
$
6,339,210
7.134,018
9,628,325
2,795,576
934,856
1,022,938
3,597,074
300,000
59,131
Canal
Railroad and equipment.:
Real estate
Meehan. A Ft. Edward RR
Sehen. A Meehan. RR
Coal on hand Dec. 31
Advances to leased lines..
Advances on coal royalties
Miscellaneous assets
1886.
1885.
1884.
$
/,<?—
New
-Jan. 1 to Dec. 31.1880.
1887.
years:
GENERAL BALANCE AT CLOSE OF EACH FISCAL YEAR.
Cash and bills receivable..
Net Earnings
45,036
Delaware & Hudson Canal.
$
148,64-5
Chicago Mil. A St. Paul...
Not
215,822
Decrease.
143,-00
33.960
491,000
*
f
Increase.
56,000
155,100
15,100
37,‘MO
44,798
84,068
210,417
Buffalo Rocln A Pittsburg.
472,996
345,919
112,614
172,377
47,336
110,240
.Gross.
Net...
Pittsb. A Western... .Gross.
75,492
$
39,821
473,190
59,000
180,024
10,154
38,153
53,500
66,379
182,872
$
Net...
Mississippi..
8,624,298 7,662,707
3,520,819 3,229,020
8,407,166 7,342,295
383,708 4,131,585 3,970,126
296,918 2,237,041 2,097,111
80,465
824,639
726,150
142,432 1,118,843
31,417
319,656
99,872
614,426
490,649
227,170
47,588
170,470
214
January twelve roads have re¬
ported thus far, and the result in the aggregate is a gain of
a little less than 2 per cent.
1887.
Louisville A Nashv. .Gross. 1,419,562 1 ,278,717
Net...
575,179
538,685
Northern Pacific.... .Gross. 1,181,773
899,665
Net...
Including Indianapolis A St. Louis.
1S88.
*
Tol. A Ohio Central.. .Gross.
Net...
300
|
January.
/
11,275
For the fourth week of
4th week oj
39,209
Month and Fiscal Year,
November.—,
r-Fcb. 1 to Nov. 30.-*
1886.
1 Sir 6-7.
1887.
1885-6.
Boad.
$
$
$
$
Lake Erie A Western. Gross.
172,646
146,633 1,737,435 1,497,104
Net...
60,617
42,267
714,092
3oOj57 0
December.
/—Jvlu 1 to Dec. 31—*
1887.
1886.
1887.
1886.
Boad.
$
$
$
$
Ohio A
18,600
18,720
$
161,418
36,661
80,693
45,797
........
3,057
1,475
e
68,728
833
800
$
196,611
34,233
13,481
1,538
2,825
19,852
7,132
492,957
,—Jan. 1 to Oct. 31.—.
1886.
1887.
78,303
5,760
13,275
11,100
1,900
1886.
$
■
$
20,242
7,890
$
844,799
270,629
1,352,458
503,274
Evansville AT. H.. .Gross.
Net...
13,483
81,823
4,601
101,775
22,950
Evansville A Ind.... .Gross.
Net..'.
,
$
1,085,186
373,019
1,469,215
11,434
25,352
5,260
42,722
1 1,508
15,756
October.
<-Jan. 1 to Dec. 31.—*
1887.
1-86.
.
50,829
56,473
42,160
3,545
1,073
20,782
3,968
Boad.
918
8,427
53,000
$
99,872
47,588
83,569
1887.
1,308
45,155
18,830
Net...
.
$
110,240
45,036
98,897
West Jersey A Brchs.Gross.
Net... def.
1,917
12,983
38,267
Tol. A Ohio Central.. .Gross.
December.
1887.
1886.
,
........
14,557
12,171
34,497
Boads.
123,989
-
96,398
Net Increase (2T3 p. c.)..
*
-
$
72,604
45,834
106,816
19,785
7,642
Vicksburg A Meridian..
Vicksburg Shrev. A Pac.
Cin. Wash. A. Balt
,
Decrease.
*
2,179,435
f
Total (77 roads)
Increase.
181,421
Burl. Cedar R. A North...
Central of Georgia
Chic. A West Michigan...
Cincinnati Jack. A Mack
Cin. N. 0. A Texas Pac...
Alabama Gt. Southern
New Orleans A N. E—
Kansas C. Spr. A Mem
Kansas C. Clin. A Spr
1888.
3,635
$77,058
nr:
6,000
orvo
6th*»
102,521
2,946
72,373
$5,205,55L
THE CHRONICLE.
4, 1888.]
February
171
Liabilities.
$5,000,000
Capital Btock
Accounts unsettled
Dividends unpaid
Balance to credit of
23,288
910
■*
profit and
241,353
oss
1887.
1886.
461,111
$643,057
419,942
Gross
earnings
Operating expenses.
Net income
Other income
$223,115
23,876
.
$5,265,551
-
GENERAL INVESTMENT NEWS.,
Total income
Fixed charges
$284,775
$246,991
181,583
151,900
$95,082
Surplus
Chesapeake & Ohio.—The proposed plan of reorganization
has not yet been made public, but it is accepted as a fact that
Mr. M. E. Ingalls of the “ Big Four” road will b8 president or
general manager of the company. Mr. Huntington has said
in reply to inquiries that the receivership will be necessary for,
say, six^nonths or a year.
General Wickham, the receiver, is
vice president, and he will retain that position in any event,
All the line from Newport News to Cincinnati will be under
Mr. Ingalls management and the Chesapeake & Ohio will be
fortunate in having the services of one who has so well earned
the confidence of the public as a railroad man. The extension
from Ashland to Cincinnati along the Kentucky shore of the
Ohio will be completed under his direction.
Work on this
new line is slow just now because of the weather, but it can
be completed witbin a year, or less time.
This line will be
about 135 miles long, and with the Ohio River Bridge will give
a direct connection with the Cincinnati Indianapolis St. Louis
& Chicago road.
Chicago & Eastern Illinois—Chicago & Indiana Coal,—
The condensed income account of the e two companies for
1887_is as follows:
C. d E. T.
Railroad
paid on the 1st inst. The representatives of the Amsterdam
holders of these securities is here for the purpose of making a
thorough investigation. Mr. Adolph Boissevain has appointed
Mr. R. V. Martinsen, of 48 Exchange Place, chairman of a
committee to work in
the
ning October 1 have just been reported.
The quarter’s
expenses were larger than in 1886, owing partly to expendi¬
tures for improvements.
The quarter’s net earnings therefore
show a decrease of 8% per cent.
The Norwich & Worcester’s
earnings are now included in the New York & New England’s
statements for both years 1887 and 1836.
The comparative
figures follow:
r-October 1 to December 31.-n
1887.
1886.
Gross
Net
$81,648
774,120
897,550
123,430
$188,437
(lee.$41,782.
the editorial columns of
the
$446,655
earnings
Northern
Increase.
$1,262,557
$1,344,205
earnings
Expenses
$436,500
78,015
Earnings from investments
harmony with the Dutch committee for
protection of the stock and bondholders.
New York & New Eugland.—New York & New England
earnings for the first quarter of the current fi-jcal year begin¬
c. d t. c.
$2,071,604
earnings
Missouri Kansas & Texas.—The February interest on the
old consolidated bonds of this company dated 1871-73 was
Pacific.—In
to-day will be found an analysis of the earnings,
and charges of this company for the hal-fyear
ending with December 31. The land sales in the six months
$254,515 amounted to 187,124 acres for $670,216, and the total sales,
Net receipts
$818,604
$1,073,119 including town lots, &c., to $820,144.
Net for both companies
On December 31, 1887,.
From which deduct interest, rentals and
the land notes or deferred payments outstanding were
766,681
sinking funds for both companies
$4,084,002, of which $1,075,343 was applicable to retirement
$306,437 of preferred stock, $1,703,732 to Missouri & Pend d’Oreille
Earnings on their stocks
division bonds and $1,304,926 t) the first mortgage bonds.
Detroit Lansing & Northern.—The directors of the De¬
Ohio River.—This railroad compmy makes the following
troit Lansing & Northern Railroad Company have declared a
statement of earnings, expenses anti net earnings for the year
dividend of
per cent on the preferred stock, payable Feb¬ 1887:
ruary 15, 1888, making 7 per cent for the year.
The summary
Earnings
of the company’s business for the year ending December 31,
Passenger
164,766
1887, as present id at the meeting, shows in comparison with Freight
Total receipts
Operating expenses
$511,515
$2,071,604
260,000
1,253,000
and taxes
Chronicle
expenses
.
—
’
that for 1886
as
1886.
Decrease•
$1,147,159
696,114
$1,226,536
727,818
$79,376
$451,045
269,650
$198,717
265,985
$17,671
Inc. 3,664
$181,395
$232,732
$51,336
$177,318
175,700
$232,732
175,700
$55,3S3
$1,648
$57,032
$55,383
1887.
Gross
earnings
Expenses
.
Net
Interest on bonds
,.
on
prof, stock, 7 p. c.
Surplus
From the
Miseellaneous
1,811
1,423
Mileage
9,364
was
$375,216
Total
184,380
Operating expenses
$190,836
Balance.
Pittsburg & Western.—The statement for the month of
months, July 1 to Dec. 31, is
December, 1887, and for the six
is
surplus of $57,032 in 1886, 3 per cent on common
paid.
Florida Railway & Navigation —A plan for the reorgani
zation of this company has been agreed upon, and Messrs.
W. Bayard Cutting, Wayne MacVeagh, E. N. Dickerson and
P. C. A. N. Van Weil are the committee who have under¬
taken to carry it through, and it wi-1 be submitted to bond
stock
3,687
Express
Telegraph
4,046
Miscellaneous interest
Dividends
31,704
0^,0- /
11,336
Mail.
follows:
I
as
follows:
Decern her.
6
Gross earnings
Operating expenses, taxes
and rentals---
Net earnings
Interest on bonded debt...
Surplus over interest.*.
to Dec. 31.
1887.
mos.
1887.
125,040
$1,118,843
799,187
$47,336
$319,656
$15,336
$125,656
194,000
and net earnings for
been aa
Delow given.
The
of
both
net
earnings
ccmpanifs
aggre¬
reports that the above genthmen
Borg & Co. in relation to the status of the “A” bonds under gated $747,428 in December, 1887, against $646,643 in Decem¬
and stockholders in
a
short time.
The Commercial Bulletin
had a conference with Simon
Philadelphia & Reading.—The
the reo ganizition.
The result of ti.is conference was that
Borg & Co. were off- red par and accrued interest at the rate
of 5 i er cent from January, 1885, for their $1,000,000 of bonds,
which offer it wa3 decided to accept.
This, the officials of the
ber, 1886.
company say, removes every obstailo to a
zation.
The plan provides for a 5 per cent
the rate of $5,000 per mile, first preferred
Operating expenses
successful reorgani¬
first mortgage at
stock at the rate of
$3,000 per mile, and second preferred stock at the rate of
$3,000 per mile, besides about the same amount of commonstock as now exists.
This arrangement will make a material
reduction in fixed charges.
An assessment on the old stock of the company
is to be col¬
lected, the amount to be determined after the committee have
decided how much money is necessary to put the road in firstclass condition.
It is intimated that the assessment will be
6 per cent on borh the common and the prefemd stock.
Mr.
Henning, now President of the comp ny, says: ‘‘The new
organization will be controlled by Mr. W. Bayard Cutting and
It is understood that Mr. H. R. Duval, the
present receiver, will be made President. I have sold out my
his associates.
interest, and sh^l! retire from the
tion of the
company upon
the comple¬
reorganization.”
& Western.—Negotiations are in
progress now b-tweeu this company and the Cincinnati San¬
dusky & Cleveland for a new bids of consolidation. Nothing
has been concluded yet. The I. B. & W. was unable to carry
out its part of the agreement, owing to the fact that the
company had to spend more money than had bem expected.
Long Island Railroad.—The report for the quarter ending
Dec. 31, is as follows
Indiana Bloomington
gross
December, the first month of the fiscal year, have
RAILROAD CO.
December.
1887.
Net
922,024
$1,576,714
908,422
$793,632
$668,292
$l,715,6r>6
Gross earnings
earnings
»•
1886.
COAL & IRON CO.
,
Gross earnings
Operating expenses
Net
earnings
*For December the amount transferred to
December.
1887.
1886.
*
$1,573,422
$1,342,524
1,619,626
1,364,174
**loss.$46,204
loss.$21,650
sinking fund was $17,024.
Texas & Pacific.—According to the announcement
lass
exclusively by the Chronicle the United States
Courts in Dallas and New Orleans have oidered that the sale
week made
in the foreclosure suits
against the Texas & Pacific Railroad
Company be set aside, and the money paid in by the bidders., <
less the costs and charges, refunded.
In the matter of the*
receivership the Court has ordered that the injunction issued
be relaxed so aa to allow the company to execute the mort¬
gages required to carry cut the contemplated reorganization.
Toe exisience and conduct of the receivership are not affected
by the above orders, but will remain under Governor Brown’s
administration until wound up by furl her decree of court.
Gov. Brown stated tc an N. O. Picayune reporter that the
plan of reorgamzation will be carried out in the same manner
aa if the foreclosure sabs had been completed.
The matter
was taken out of the courts by agree sent of all the parties
interested.
CHRONICLE,
[Vol. XL\I,
=
Q% on Stoek and the interest on $438,000 7% and
5% Bonds; the principal of tho 5# Bonds being also guaranteed.
Price, 170 and inf.
At 170, pays 5^.
rental equal to
Reports and flocnmcnts.
INVESTMENT CIRCULAR OF CHAS.
First Mortgage 7 per cent Bond.
Dated August, 1868, due August,
at office Pennsylvania Railroad
Number 91.
Cadiz Branch.
This Company
WALL STREET,
NEW YORK, February, 1888.
CO., BANKERS.
ST. LOUIS VANDALIA A TERRE HAUTE
Interest May and November, at Third
Issue, $2,600,000 ($1,600,000 guaranteed)—
denomination, $1000.—on 158 miles Road—East St. Louis to Indiana State
Line—Leased at 30# of gross earnings to the TERRE HAUTE &
INDIANAPOLIS RAILROAD CO., lor account of itself and the PITTS¬
BURG CINCINNATI & ST. LOUIS and
COLUMBUS CHICAGO
& INDIANA CENTRAL RAILWAY COMPANIES, and their guar¬
antee indorsed on each Bond, as follow's :
“
For a valuable
consideration the Terre Haute & Indianapolis
Railroad Company, the Columbus Chicago & Indiana Central Rail¬
way' Company and
the Pittsburg Cincinnati & st. Louis Railway
Company hereby'covenant and agree with the law ful holder of the with*
in bond that they will, when and as the said bond and the interest war¬
rants thereon shall respectively become due, when requested and upon
the surrender and delivery of the same to them or their agent in the
city of New York, purchase the said bond and interest warrants for cash
at par according to the tern r and effect thereof, and when so purchased
each and all of said bonds and coupons are to be held by' said companies
with all the rights hereby given and with the benefit of every' security
Dated
National Bank, N. Y. City.
At 1041-6, pays 4%%
BRANCH RAILROAD CO.
thereof.”
The annual report
for year ending October 31,1887,shows gross earnings
$1,757,000—net earnings $644,922. The income at 30^ of gross earnings
is
$527,101—leaving surplus after interest, expenses and taxes of
Bond.
In terest June and Decem¬
ber, at ollice ol Central Railroad Co. of N. J., 119- Liberty Street, N. Y.
City. Issue. $1,500,000—denomination, $1000—on 38 miles road—Perth
Amboy to Bay Head Junction, N. J. Leased January, 1882, to CEN¬
Dated January
16, 1882, due December, 1931.
$163,496.
Price, Guaranteed Bonds, 109t£ and int.
TRAL RAILROAD CO. of N. J. and PENNSYLVANIA RAILROAD
CO-, for 99 years, to be used jointly by them at a guaranteed minimum
rental of $206,000 per annum over and above all expenses of maintainance.
Stock pays 7#.
Bonds may be redeemed after January 1, 1899, at 110 and accrued
interest; are guaranteed principal and interest by CENTRAL RAIL-.
ROAD CO. of N. J., an<l endorsed as follows :
“For value received, the Central Railroad of N. J. hereby promise and
Prices of above Bonds
recently issued a circular
regarding the bonds of this company which contains the fol¬
lowing statements:
Messrs. John H. Davis & Co. have
At 107, pays 4%#.
The company was organized in 1883, being a consolidation
of various properties previously owned and worked by private
firms or individuals.
The property comprises 13,351 acres of
coal and iron ore lands in Hocking, Perry, AtheLS and Vinton
HUDSON RIVER RAILROAD CO.
Debenture 5 per cent Certificate.
Dated September, 1884, clue September,
Interest March and Sep¬
1904.
42d St. Station, N. Y. City. Issue,
$10,000,000— denominations, $1000, $500, $100, with provision* for ex¬
change into Registered Certificates, $10000, $5000, $10(H), a direct obliga¬
tion of the Company, which contains the following provision :
“It is agreed with the holder hereof that incase the said Company
shall at any time before July' 1st, 1902, create any'Mori gage on its pro¬
tember, at office of Company,
counties, Ohio, upon which are located:—
17 active coal mines, with a capacity of $2,000,000 tons per year.
5 laive blast furnaces, w’ith a'capacity of 70,000 tons per year.
089 dwelling houses, w ith a yearly rental of $35,000.
10 stores, with a yearly- business of $300,000.
Personal property, consisting of railroad ears, machinery, furnace
perty to secure the payment of any Bonds or other obligation, the
Certificate of this issue shall be included in such Mortgage and shall
have the benefit of the security thereof as fully as such other Bonds or
ores; etc., etc., valued at over
$400,000.
In addition, the company leases 1,207 acres of coal land, mined upon
royalty.
To ascertain the actual cash value of the property, Messrs.
Davis & Co. sent two carefully-selected experts ro make a
stock, merchandise and stores, iron
obligations.”
Price 108 and int.
subject to changes of the market.
COLUMBUS <fc HOCKING COAL & IKON COMPANY.
of which this is one.”
NEW YORK CENTRAL <6
At 109q>, pays 5<>4#.
Cincinnati, Chicago, St. Louis and Louisville City Bonds for sale at pric*
netting investor 4 to 5 per cent.
guarantee the payment of the principal and interest of the within
Bond, at the times and upon the terms and conditions therein specified,
as is fully set forth ,n the Mortgage given to secure the series of Bonds
Price, 107 and int.
RAILROAD CO.
Bond.
March, 1868, due May, 1898.
Second Mortgage 7 per cent
being double track, and also 11 miles of siding. About $21,000 per mile
—covering also equipment, depots, grounds, bridges (including that
over the Harlem River), and terminals in the city of New York, cost¬
ing in all over $13,000.000—(according to statement of Railway to New'
York Stock Exchange when bonds were listed in December) on all of
which this is an ab.-olute first mortgage, the amount of which cannot
be increased, and being less than one-tenth of its Cost value. $600,000
of these bonds have been placed abroad, and only a small portion of
balance is still unsold.
The smull amount of this mortgage, covering, as it does, the right of
way into New York City, and property so largely in excess of its face,
which must decidedly iuci ease in value each year, makes it one of the
most desirable of new securities.
First Mortgage 5 per cent
is controlled by the Pennsylvania Company through
ownership of the majority of the Stock, and hence is part of tne
Pennsylvania Railroad system..
Price, 118V6 and int.
At 118^, pays 5%.
NORTHERN RAILWAY CO.
NEW YORK & LONG
Interest February and August,
the
First Mortgage 5 per cent. Gold bond,
Dated October, 1887, due October, 1927. Interest April and October, at
office of Company, 96 Broadway, N.Y. City. Issue, $1,200,000—denom¬
ination $1000—on 57 miles of road, from 155th Street, New York City,
to Brewsters, including the branch to Getty’s Square, Yonkers-8 miles
Price, 104J-6 and int.
1900.
denomination,
CHARLES T. WING,
NEW YORK A
$668,000
Co.
Authorized issue, $10.000,000$1,000, both Coupon and Registered,—outstanding,
$6,803,000—balance held in reserve to take up prior mortgages as they
mature—on 260 miles of Road—Pittsburg, Pa., to Columbus, O., and
OFFICE OF
A. M. KIDDER &
-
PITTSBURG CINCINNATI A ST. LOUIS RAILW AY CO.
T. WING.
INVESTMENTS.
~
■
THE
172
At 107J4» pays 4%$.
CHICAGO A EASTERN ILLINOIS RAILROAD CO.
First Mortgage 6 per cent Bond.
thorough examination and report, not only of the lands, mines
but also as to the working of the mines and the
general business management. Several weeks were spent in
this examination, and a report was finally made on December
30th,
1887, which was highly satisfactory as to the company’s
Gross earnings for 1887 are
$2,071,604 25
Operating expenses and taxes [December, estimated].. 1,253,000 00 methods and management, and which computed the low cash
value of the property at over three million dollars.
Net earnings
$818,604 25
The economic advantages possessed by this company for
Annual interest charge for this issue, $180,000. On June 1st, 1885, and
practical and profitable operation are shown in the Allowing
every six ninths thereafter, the sum of $10,000 is paid over to the
Trustee of this Mortgage, and is invested, with all accretions, in these
extract from the report above referred to :
Boi ds at the market price. 'Jliis constantly increasing demand, and
‘Tn the examination of this large coal field no serious
the undoul u d t liar; cter of this security, will surely and steadily en¬
natural difficulties were observed, and only such slight natural
hance its maiket value, until it reaches the plane of the oldest and
Dated September, 1877, hue December 1907. Interest June and December
Issue, $3,000,000— denominations,
at Fourth National Bank, N. Y. City.
$10(0, $5(0. $1(0, on 138 miles Road—Dolton, 111., to Danville, and
Branches—about $22,709 per mile.,
and furnaces,
best Investments.
difficulties incidental to and found in the most favorable
coal seams.
The coal bed rests on a bed of fire clay, the lloor
Price, 116 and int.
J
At 116, pays
being nearly level and even, having a slight dip to the south
and east, whilst the .roof is a hard slate and sand-stone, condi¬
tions very favorable for economical mining.
Everything
considered, we know of no place in the bituminous regions of
the States, if we except the Connellsville coke region and the
$12,343,000 Fourth Pool of the Monongahela' River region, where coal
},024,000 can be loaded on board cars as cheaply as in the Hocking
Valley. After a partial examination of other property now
$13,367,000
ineoperation in the Hocking Valley the conclusion is reached
284,000 tha» the advantages and facilities enjoyed by this company
for cheap mining are not excelled, if equaled, by any other
company engaged in the business,”
CHICAGO A NORTHWESTERN RAILW AY CO.
Geneial Consolidated Mortgage 7 per cent Cold bond.
Dated 1872. due December, 1902. Interest June and December, at Com-
Jany's
1,000, $500.
< fiice, N. Y. City. Issueautliorized, $18,000,000—denominations,
The bonds of this issue now' outstanding amount to
Add the amount paid into Sinking Fund, and canceled
Total amount issued
The issue may be further increased for construction and
equq ment purposes
After w hich no Hirther issue can be made, .except- by retiring
an equal amount of some other class of bonds, which tills
Company has previously issued, or has assumed the pay¬
ment
of, which bonds amount, in the aggregate, to
Limit of this issue
31,319,000
BONDED
Up
$48,000,U00
Company, and upon the leasehold or other interest of this Company in
all the lines of road operated or controlled by it, at the date of this
January J, 1887, and due 1937, interest payable January and
July, the Central Trust Company of New York, trustee.
The company has no floating debt or outstanding obliga¬
tions of any sort, save this issue' of bonds, and on November
30, 1837, had a surplus of cash and available assets amountii g to $559,273.
By provision in the mortgage a sinking fund of two cents
for every ton of coal mined from property under the mortgage
from and after May 1, 1888, is to be paid annually into the
mortgage.
At 130}q, pays 4y±%.
A
SYRACUSE RAILROAD
IVeatern.)
Guaranteed 9 per cent Stock.
OSWEGO
I
CO.
(Delaware Lackawanna A
Issue, $1,320,4' 0- on 35 miles of Road : total track, 57.22 miles—Syracuse
Oswego. N. Y. Dividend, 4B %. semi-annually. February and August
20th, at office of Delaware Lackawanna A Western Railroad Co.,
N. Y. City. Leased Ft bruary, 1H9, during length of charter and renew¬
als thereof to Delaware Lackawanna & Western Railroad Co., at
to
the entire property owned by the'company, including
lands, mines, furnaces, buildings, houses, machinery, rail¬
roads, rights, privileges and appurtenances, a first mortgage
was placed, securing an issue of 0 per cent gold bonds, dated
When this limit shall have l oon reached. Ihe mortgage will become a
first lien upon all the lines of Road. Equipments, etc., owned by the
Trice, 1S(>4 and int.
n
DEBT, FIXED CHARGES AND INCOME.
•
Central I rust
Company, and the accumulations of this fund
THE CHRONICLE
February 4, 1888. J
applied to the redemption of these bonds, provided
offered at not exceeding 105 and interest; but there
can be no compulsory redemption before maturity.
The capital stock of the company is $4,700,000; both stock
are
to be
they
listed at the New York St”Ck Exchange.
The charter and organization of the company, the proceed¬
and bonds
Messrs. Davis & Co.’s counsel
The company was formed, as has been stated, in 1883.
The
folio wing statement of the results of operations since that time,
is a remarkably strong one:
Total bonded debt
$1,000,000 00
Annual interest charge.
Net earnings 13 months
“
00,000 00
ending April 1, 1884
1,1885...
1,1880
F “
“
“
“
“
1,1887
Average net earnings per year tor the four years
annual surplus over total amount of present inter¬
“
year
“
“
“
“
“
est charges
Net earnings for nine months, April 1 to
139,534 31
100,542 90
100.418 49
104, 20 00
138,495 59
Friday Night, Feb. 3, 1888.
The weather has become more agreeable.
The severe cold
and violent storms of last week are followed by a milder
temperature and clear skies. Railroad transportation is no
longer obstructed, and general trade has made good progress.
The only serious drawback is the Reading strike and its
complications. Congress makes slow progress with legislation
affecting finances and trade, but the opinion is general that
the needed relief will come by and-by, and that nothing radi¬
cal will be proposed or carried, and the subject causes little
uneasiness anywhere.
The following is a statement of the stocks of leading
of domestic and foreign merchandise at dates given:
The “ Hocking Coal ” is well known and in demand through¬
out the West and commands the highest price « f any coal
west of Pennsylv >nia (except the “ Brier Hill" coal of n< rth
eastern Ohio, of which but a very limited amount r* mains
unmined.) The mints of this company produced in 18*5-6
over 11 per cent of the total coal output of the State of Ohio.
They are worked economically and easily. The mining plant
is in good working order. The furnaces are well equipped
and in full blast, making a good quality of iron. Ample and
1 lie
competing railroads ensure ready access to market.
management is in the hands of experienced and judicious
1888.
Jan. 1.
Pork
Lard
Tobacco, domestic.
Tobacco, foreign...
bags.
hhds.
Sugar
Mela do
Molasses, foreign..
hhds.
bids.
No.
Molasses, domestic.
Hides
Cotton
Rosin
—
Spirits turpentine
bbls.
.
Tar
After the most thorough investigation, Messrs. Davis & Co.
recommend this bond as a safe and profitable investment.
Present price 97 and accrued interest, subject to advance
without previous notice.
Rice, E. I
bags.
Rice, domestic
pkgs.
Broadway Railroad (N. Y. Ciiy).—The report of the Broad¬
way & Seventh Avenue Riilroad to the N. Y. State 0< mmissionere, for the quarter ended December 31, 1887, shows :
188»x
1887.
$432,200
earnings
expenses
Net earnings
Fixed charges
Net
.
258,788
245,155
97,282
$187,045
98,447
$88,597
surplus
Covington & Macon. —The temporary receiver "of the Cov-
ington & Macon road of Georgia has been discharged.
trouble with contractors is
now
settled, interest
on
The
the bonds
has always been paid, and it is reported that M ss^s. Alex.
Brown & Sons, of Baltimore, have contracted to t ke all the
bonds, and the road u ill be finished to Athens (105 miles), by
June 1. Fifty miles have been in operation since October.
East
Pennsylvania.—President Corbin, of the Reading, is
considering plans for refunding $495,900 East Pennsylvania
7 per cent bonds which mature March 1.
It is believed the
bonds will be extended at 4 or 43^ per cent.
Saltpetre
bags.
Jute butts
Manila hemp
Sisal hemp
Flour
13,443
15,197
42,423
39,991
144,507
59,564
107,900
3,019
81,056
3,530
None.
3,935
1,089,401
1,242,084
1,859,976
None.
None.
77
None.
571
762
1,800
336,900
167,289
26,071
2,055
8,700
5,500
2,000
320,300
247,188
27,570
2,514
1,153
9,500
5,300
5,000
355,400
245,800
16,388
2,445
903
8,440
7,000
None.
None.
None.
13,000
2,000
6,500
14,000
15,000
6,500
3,500
156,116
12,750
25,000
7,600
.bbls. and sacks
27,116
39,499
37,543
48,985
224,107
36,443
135,144
9,592
None.
560
Linseed
1887.
Feb. 1.
14,488
96,650
Coffee, Java, Ac....
Sugar
Sugar
1888.
Feb. 1.
18,932
43,442
40,576
170,802
Colfce, Rio
Codec, other
men.
Operating
articles
78.495 59
I)ce. 31,1887
132,753 11
ora surplus in nine months of $72,753 11 over and
above the interest charges for the entire year.
The net earnings for December were $19,634, or nearly four
times the interest charge for the month.
Gross
EPITOME"
COM M BRCIAL
are
ings resulting in the issue of these bonds, and the form of the
bond and mortgage, have been examined and approved by
(Ecmmeraal
t
are
173
186,860
16,926
8,959
212,941
delivery was sluggish at
prices early in the week, but on Wed¬
nesday became active and buoyant, continuing down to near
the close on Thursday, when there was some reaction toward
lower prices.
To-day there was*a slight further advance but
a quiet closing.
Lud on the spot has shown a hardening tendency. The
demand was only moderate, but there was a general disposi¬
tion to hold for higher prices.
The close wa3 quiet at 7,80c.
for prime city,
for prime to choice Western,
The speculation in lard for future
variable and unsettled
8'lOc. for refined to the Continent
America.
and 8 75c.
DAILY CLOSING TRICES OF LARD
South
FUTURES.
Satin'd'v. Mond'y Tuesd’y. Wed nsd'y.
7-76
7-86
7-72
February deliv’y.. 7-76
7-86
March delivery
7-76
7-78
7*76
7-91
7*79
7*81
7-85
April delivery
7-86
7-96
7-90
7-85
May delivery
8-01
7-92
June delivery
7-95
7-90
8-07
7-98
8-01
7 96
July delivery
....
for
Thurnd’y. Friday
7-99
7-99
8 04
8-09
8-15
8-21
8-02
8-02
8 07
8T3
8T8
8-24
Pork has been marked up
25@50c. per bbl.; new mess closes
Ohio & Mississippi.—At a meeting of holders of common
active at $15 50@$15 75. Pickled cut meats also show
fairly
stock of this company, at No. 40 New Street, the following
some improvement, with a good business to-day at 7%@7%g,
commit'ee was appointed to confer vi h preferred stockiobJ- for
bellies. Other “hog products,” as well as beef, butter and
ers, With a view to harmony of action.* Louis C. Clark of
cheese, show very little change.
Clark, Dodge & Co., W. G. Dominick of Dominick & DickerThe speculation ia options for Rio coffee has been active at
man, G. J. Wiizlar of J. D. Probst & Co., Malcolm Campbell
widely
fluctuating prices, iu which, however, the declines
of Alexander Campbell & Co., and Van Brugh Livingston.
exceeded the advances.
To-day, however, there was decided
Mr. Living-ton is chairman of the committee.
buoyancy, especially in the summer months, closing this
Pittsburg1 Youngstown & Ashtabula.—This railroad com¬ afternoon with sellers as follows for delivery in 1888:
11 60c
pany has placed a mortgage for $4,000,000 on rei ord at February
.12’45c. October
.12*80c. June
1 l-50o.
12*75c. July
1215c. November
Youngstown, Obio. The mortgage is in f^vor of the Farmers’ March
ll-50o.
31*85c. December
1205c. August
Loan" & T»ust Company of New York as trustee. There are April
11 *70c.
May
12-60e. September
now $1,500,000 first mortgage bonds outstanding upon the
Coffee on the spot has been more freely offered at lower
property.
but to-day was steadier; fair cargoes quoted 16c., with
prices
St. Joseph & St. Louis.—The Sh Jcseph & St. Louis rail¬
sales of No. 6 at l4:%Cdt4%c.
road runs from S\ Joseph. Mo., to North Lexington, x\lo,, 76
R iw i-ugais have been dull owing to the stopping of many
milep.
Previously to July, 1886, when it returned to the lefineries
by what is known a3 the “ Sugar Trust,” and there
control of its owners, it. was operated under lease by the Sr.
is a further decline in values.
Quo ed to-day at 4<%,d)5c. for
Louis Kansas Cny & Nori hern R lilroad. The road is now to
fair refining Cuba and 5%c. for centrifugal, 96 deg. test, with
be sold, as reported, to the. S Joseph &; San' a Fe, which is the
the latter in bond at 3)4uo 3 5-16c.
Refined sugars are firmly
Atchison line between Atchison and St. Jos ph.
It was also held. Molasses null at
for
deg. test. The tea sale on
z2%c.
50
decided to change the name of the St. Joseph & Santa Fe,
W dnesday went off at steady prices.
upon the consolidation, to the St. Joseph St. Louis & Santa
Kentucky tobacco sold in January to the extent of 6,071
1?©.
hhds. of which 4,283 for export.
Closing pric*s are: Lugs
Summit Branch.—The approximate statement of the Sum¬ light, 4J4@7c., heavy 4%@0J4c.; leaf, light V}4@ 17c., heavy
mit Bianch for me year 1887 shows: Gross «a nings, $1,358,<S%(d 15c. Seed leaf was in moderate demand, with sales of
000, increase, $623,877; all expenses, $1,225,000.; increase, l,2u0 cases.
$503,659; net earnings, $133,000; increase, $120,000; interest,
Tne sp* culation in metals has been fitful in the past week
$82,950; Lykens Valley def., $101,000; increase, $3,809; total and prices very unsettled. To-day there was some revival of
deficit, $50.95 >. increase, $116,409,
the movement in copper, with sales at 16*55c. on the spot,
IVarrcu & Franklin.—The coupons of the Warren & Frank¬ 16*75c. for March, 16*85c. for April and 16 70c. for June. Lead
lin Railroad, which have been purchased several times as they has d* dined and sold to day at 4'70c. for Feb. and 4'671^c. for
fell due by the Philadelphia & Erie Riilroad, were paid Feb. 1 March and tin at 35‘lOc. for March and 33 85c. for April.
at the office of the Western New York & Pennsylvania road
Spirits turpentine closes quiet at 40)4@40)^c. and rosins at
in New York. The Philadelphia & Erie has transferred to $1 10@1 15 for common to good strained.
Crude petroleum
the Western New York & Pennsylvania the Warren & certificates have not received so much speculative attention
Franklin qoupons purchased by it as guarantor, and has and close quiet at 90%@90Wool is more active at full
received the cash—about $250,000.
prices.
.
.
-
THE! CHRONICLE
174
COTTON.
Friday, P. M., Feb. 3, 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. 3), the total receipts have reached 98,668
bales, against 90,1 30 bales last week, 105,403 bales the previous
145,741 bales three weeks since, making the total
week and
receipts since the 1st of September, 1887, 4,583,627 bales, against
4,486,382 bales for the same period of 1886-7, showing an inMon.
Sat.
Receipts at—
1,673
786
Galveston
Tues.
Indianola,&c.
Fri.
Thxirs.
Wed.
Total.
2,167
878
1,208
505
7,217
9,640
5,110
5,454
34,493
680
193
161
2,297
1,569
......
New Orleans...
6,017
1,362
5,975
1,071
Mobile
266
Florida
2,736
Savannah
2,320
2,882
2,730
1,896
Brimsw’k, 4tc
Charleston
459
459
329
340
2,300
26
64
1,262
1,317
786
969
627
1,313
1.235
886
67
149
331
6,470
8,722
2,816
1,674
3,107
1,510
New York
244
326
61
187
429
48
530
8,748
None.
None.
500
Savannah
Galveston
Norfolk
New York
Other ports
Charleston
18,283
302,762
34,75632,157
60,956
None.
None.
40,881
19,083
140,734
801,978-
43,300
16,318
17,559
177,930
202,521
744,713:
861,750»
3,100
5,035
1,700
65,252
i
Stock.
67,380
4,000
7,100
14,300
11,654
16,500
6,800
13,000
3,500
4,600
2,772
1,300
3,500
3,000
21,690
320
Boston
22,209
None.
None.
None.
None.
None.
900
None.
96,622
101,427
809
Foreign
Total.
18,232
19,132
186
Leaving
Coastivise.
18,191
4,000
3,100
6,600
3,847
13,500
2,400
10,000
61,638
6
2,255
New Orleans....
Mobile
Total 1887
Total 1886
1,329
1,167
1,200
Britain.
cleared—for
Other
France.
Total 1888
38
WestPoint,Ac
Great
367
1,608
1,659
1,402
1,232
3, at—
14,347
2,519
7,567
1,407
Wa^h’gton, Ac.
On Shipboard, not
Feb.
1,783
2,519
1,345
1,248
Wilmington....
In addition to above exports, our telegrams to-night also givethe 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.
us
101
630
Port Royal,Ac
Norfolk
5,036
[Yoi. XL'VI.
24,070
30,132
249,700*
67,442-
The
speculation in cotton for future delivery at this market
opened depressed on Saturday last, in sympathy with dull
foreign advices and some expectation that better weather
at the South would lead
Disquieting political
to
freer movement of th9 crop.
a
from the Continent was also am
Monday was buoyant on a renewal of
RftlHmnrp.
126
2,981
speculative manipulation, in which the summer months;
68
388
220
655
150
29
Philadelphia,Ac
shared more freel as they had been relatively cheaper thm*.
Totals this week 14,462 16,890 21,459 15,603 14,001 16,253 98,668
the spring months. A decline on Tuesday was caused by an
For comparison we give the following table showing the week’s inert ase in receipts at New Orleans, which induced many of
total receipts, the total since September 1, 1887, and the stock the bull party to unload. A decline at Liverpool on Wednes¬
to-night, and the same items for the corresponding periods of day made a dull opening, with the early months lower, but
on the renewal of sptculation there was a quick rally, fol¬
lowed again by a turn downward under pretty full receipts
Stock.
1886-87.
1887-88.
at the ports.
Yesterday Liverpoal further declined and*
Receipts to
Since Sep.
This
This
Since Srp.
prices with us yielded a few points after a stronger openings
1887.
1888.
Feb. 3.
Week.
Week.
1,1886.
1, 1887.
The fuller crop movement and some rumors regarding the
forthcoming statistics of the overland movement caused many
67,572
35,724
653,334
Galveston
7,217
601,331 12,260
bulls to lose confidence. To-day the opening was weak, butInd’nola,Ae.
asteadier closing at Liverpool and reduced poit receipts led
379,339
New Orleans.
34,493 1,404,740 48,714 1,420,857 370,142
to a demand to cover contracts, and there was a quick recov¬
30,341
190,765
38,756
Mobile
188,071
3,114
5,036
Cotton on the>
ery followed by an advance of a few points.
255
367
21,113
22,044
spot remained quiet and unchanged until yesterday, when
75,259
69,997
725,438
Savannah
14,347
785,635 13,293
there was a decline of l-16c.
The market to-day was quiet
86
25,341
54,106
2,519
Brunsw.,&c
but firm at lO^c. for middling uplands.
39,257
31,973
356,064
Charleston
367,849
^,002
7,5G7
The total sales for forward delivery for the week are 463,900
497
477
105
459
12,015
14,978
P.Royal, Ac
bales. For immediate delivery the total sales foot up this week
3,032
127,735
13,939
161,765
1,149
2,300
Wilmington
1,297 bales, including 10 for export, 897 for consumption,
129
64
3,688
4,576
Wash’t’n,Ac
390 for speculation and — in transit.
Of the above — bales29,290
46,632
407,106 13,265
466,564
Norfolk
6,470
were to arrive.
The following are the official quotations for
7,008
13,780 each
277,533
8,722 424,763 14,417
W.Point,Ac
day of the past week—Jan. 28 to Feb. 3.
news
element of weakness.
...
...
..
.
New York....
Boston
Baltimore
...
2,816
1,674
49,378
3,107
22,527
20,891
1,510
PhiTdel’a, Ac
256,500
20,000
17,970
21,028
70,767
63,249
44,065
2,465
6,273
6,769
1,457
56,830
24,901
256,942
20,346
10,054
942,712
922,643
98,668 4,583,627 130,753 4,486,382
Note.—1,173 bales deducted from New Orleans as correction of re¬
Totals
ceipts since September 1.
In order that comparison may
Galvest’n, Ac
Now Orleans.
Mobile
Savannah
1887.
1888.
Receipts at-
...
Ckarlest’n,Ae
Wilin’gt’n, Ac
Norfolk
be made with other years,
1885.
1886.
7,217
12,260
34,493
5,036
14,347
8,026
2,304
6,470
48,714
3,114
8,722
13,293
7,107
1,278
13,265
W’t Point, Ac
All others....
11,993
14,417
17,305
Tot. this week
93,668
130,753
1884.
7,583
11,481
50,879
6,239
14,715
7,654
2,3S0
14,376
we
1883.
11,301
36,196
5,678
10,315
7,391
12,861
4,692
3,676
4,128
9,952
7,627
21,902
15,941
54,904
9,467
19,027
15,712
6,754
21,710
6,755
15,598
122,418
89,785
111,481
165,t68
37,353
7,139
10,504
7,318
1,194
UPLANDS.
9,500
7,233
1,561
Sat.
Ordinary
$ tt>
Strict Ordinary
d Ordinary
Strict G .od Ordinary
Low Middling
Strict Low Middling
Good Middling
Strict Good Middling
Middling Fair
Fair
GULF.
Ordinary
$ lb
Middling
Week Ending Feb. 8.
Exported to—
Exports
from—
Great
Brit'n. France
Galveston ....
New Orleans..
Total
nent.
Week.
2,300
21.61?
4,654
4,610
30,271
4,610
Florida
....
Charleston....
Wilmington
-
0,435
1,703
.
2,720
7,240
Point,Ac
New York
Boston
Baltimore
•
9,4 3‘4,420
..
Norfolk
West
.
....
Philadelp’a’&e
6,008
12,047
7,448
7,217
2,651
7,240
.....
6,008
1,007
4,816
trtt
.
2,006
Total
78,767
1,007
Total 1886-7.
71,708
10.712
18,770
7,448
9,223
2,‘51
3, 18S8
Great
Conti¬
Britain. France
220,385
4,021
470,810 200,037
55,106
3,446
163.331 12.480
82,849 25,839
08,377
6,395
194,083
166,679
292,252 22,813
•
.
•••
110.900
66,687
35,227
1,805
nent.
74 818
280,108
Total.
290,227
951,084
Middling
Middling
Good Middling
Strict Good Middling
Middling Fair
Good Ordinary
Strict Good Ordinary
Low Middling
37,035
1,975
1,062
150,>-01
1,996
24,664
3,760
390,153
23S.099
112,407
196,057
107,741
405,806
112,956
03,156
38,987
940,642 3,124,285
89.527 131.037 1,921,749 418,988
782,498 8,123,235
73j
8*4
914
9^4
9^4
9%
9q
934
9*4
93t
91*16
9316
9316
9*1,6..
iTI011 Tues Wed
71518
S710
7l5ifi
8*16
713,6
8716
9^8
938
938
71*16
8716
93b
978
10%
10%6.
10%
10%
11%
11%
12%
Til.
Fri.
7%
7%
8%
8%
9516
9; 3,6
93,6
913,6.
10'» 16
10*4
10%
10*8
1038
10^8
109,6
10916-
1013.6
11*10
HB16
11**16
12°ig
1034
103i
$ lb.
10%
11
11
11*4
11%
12 *4
11*4
11%
TU.
Mon Tues Wed
1
12*4
i
-
Fri*
734
73t
734
734
7**16
She
8716
8 ‘16
8716
8%
8%
938
938
9°16
IOI4
1014
9a,8
103,6
93*
IOI4
93s
10*4
Middling
7>*i*
1031(>
AND SALES.
MARKET
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 a
glance how the market closed
on same
days.
FUTURES.
SALES OF SPOT AND TRANSIT.
Ex¬
CLOSED.
3 i4rt
149.411
7%
8*4
Sat
SrOT MAKKET
214,322
71316
8aie
101316 101316 lOLbn
11*16 11*16 11*16
11^16 Hu16 115,6
HI i 111*16 11**16
12°16 12°16 12°16
Fair
C-
1,910,250'273,39 3
22,611 102,385
Includes exports from Brunswick,
.
Exported to—
Conti¬
2.309
TWnhilp
Savannah*
From Sept. 1,1887 to Feb
71:1,c
8b16
9%
97s
1 03 1« 10^,6
Sept. 1. 4583,627 4486,382 4235,661 1216,777 4092,797 4485,815
of 102,385 bales, of which 78,767 were to Great Britain, 1,007
to France and 22,611 to the rest of the Continent.
Below are
the exports for the week and since September 1, 1887.
71*,«
8^16
9%
lU;>ie
STAINED.
Since
Fri.
71*16
8^16
Sat.
Strict Ordinary
Good Ordinary
Strict Good Ordinary
Strict Low
Til.
10»i6 103,6 103,6 103i6 10%
10 %
10%
10%
10%
107ig
IOH16 10H,6 10H10 1011,6 105a
10li>i6 101316 101516 I07a
110,6 113,6 H-he 113i6 11*8
11916 119,6 11916 119i6 11%
12016 123ig 123i6 123,6 12%
Middling
Low
Uloit. Tues Wed
port.
..
Wed
.
119
347
Steady
Quiet d> i10doo..
Quiet
IQ!
Total.
390
....
390
The Sales
and
Prices
of
Futures
,
{
i
„
Deliv¬
eries.
,
Sales.
66,300
87.900
84,000
66.900
65,100
93,700
1,297.463.900
The daily deliveries given above are actually
revioua to that on which they are reported.
following comprehensive table;
.
125
90
119
347
544
72
....
....
62i
897
„
Total,
....
154!
10
j
....
90i
*
Tran-1
uTt’nl sit.
125
Sat
Quiet
Mon .’Firm
Tues. Quiet
Tliurs
Fri...
Con-; Spectump
sump
are
delivered the day
shown
by the
February
0*0
ITHEa CHRONICLE
4, 1888.]
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including in it the exports of Friday only.
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*05 pd. to exch. 1,100 June for Aug.
*18 pd. to exch. 100 Mar. for June.
•09 pd. to exch. 500 Feb. for Mar.
•03 pd. to exch. 600 June for July.
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The Visible Supply of Cotton to-night, as made
up by cable
and telegraph, is as follows.
The Continental stocks, as well a?
those for Great Britain and the afloat are this week’s returns,
and consequently all the European figures are brought dowD
to
O S5
X
©
following exchanges have been made during the week:
709 Mar. for June.
300 Apr. for May.
M M
*
H
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10-50o.; Wednesday, I0 50o.; Thursday, 10 55c.; Friday, 10 GOo.
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tember-October, for October, 570,200;
vember, 481,600; Septeinber-Decembor, for December, 1,027,400; sales
January for January, 1889, 1,600 at 9*95ft'9 97.
We have included in the above table, and shall continue each
week to give, the average price of futures eaoh day for each month.
It
will be found under each day following the abbreviation “ Aver " The
average for each month for the week is also given at bottom of table.
Transferable Orders—Saturdav, 10*60o.: Monday, 10*55o.; Tuesday,
*15 pd. to exch.
*19 pd. to exch.
*07 pd. to exch.
‘12 pd. to exch.
217,000
2,970,429 3,274,271 3,030,085 2,981,849
5»16d.
5*8d.
4i516d.
(jd.
91i>o.
10ii1Gc.
9^16c.
ll^o.
—
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In
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80,000
41,000
157,000
17,000
65,400
104,000
31,000
O
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Inolnnes sales In BepremDer, 1H87,
127.000
supply
MalJ;
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197,000
12,000
99,500
147,000
31,000
28,000
85
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10,100
2,509,429 2,787,771 2,655,685 2,523,749
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343,525
imports into Continental ports this week have been
te W tr1 r< ►t
Wind
coco
^
942,712
272,000
474,000
869,062
255,587
statement.
:
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460,000
G43,000
o©o9
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680,000
479,000
240,000
239,000
619,000
418,000
922,643 1,063,680
302,128
436,697
24,000
19,308
The above figures indicate a decrease in the cotton in sight
to-night of 303,842 bales as compared with the same date of
1887, a decrease of 59,656 bales as compared with the corres¬
ponding date of 1886 and a decrease of 11,420 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
.
uirf*
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185,000
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to
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573,000
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bales
Continental stocks
American afloat for Europe...
Jnited States stock
United States interior stocks..
United States exports to-day..
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99
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5,000
4,000
45,000
Total East India, &c...
461,000
486,500
374,400
458,100
Total American
....2,509,429 2,787,771 2,655,685 2,523,749
©M
OO D©
MM
ob
3,000
Egypt, Brazil, &c., afloat
M M
M M
ft
l-l
—
M
M M ZjS
l
ao
ob
M M
ob do
60
12,000
46,000
London stock
Continental stocks
India afloat for Europe
1
•ox°-q
©
or.
*
X
go a.
moi
>
ft
°Cj
OOO©
OO
^
-'X
X ©
o
M
1
©o
CD©
Cix
-
—
®
iU
OOOO
c o
to
%
t0©M^
1 ^.,c:
I
168,000
4,000
4,000
225,000
3,000
41,000
6,000
9,000
2,000
....
MO
COCO
(f^
184,000
36,600
oo2o
►
®
700
1,100
216,000
4,000
45,000
7,000
Liverpool stock..
^S;
©CO©
oooo
400
2,100
Total Ame/ican
East Indian, Brazil, <£c.—
CO^^'
MM tOM
^ 99
®
M^
I ®to-
<
M
00 OC
m
C|
MMm^
1 ^ toM M^uM
© o©o
;
—
CiCi°Ci
M ?J1
w w
o w
Cj Cj ° Ci
MM
MhJjM
>
COO©
to
M —o
c©
©
~
© ^3
OC
M
o©
©©
M M C M
k: a-
MOCto^
l
©9©9
C © O
mm'^M
M M
coco
CS» 0»
M
©
<| <1
ft
oboe ©ob
1
M — QO
X
99
—
M^
O
CjCi
©OO©
© ©
-qCi
M
®
i
—•
^
c©
XIO
M
^
MO
©Cl0©
©
x,
Vj to
<i^i
-1
©OO©
>
%
®
<
®
1
to
Cl
MM
°°
Mm t0 —
M
oo
£
J -*
*J
m-m
£>
1
1
M
CO
29,000
Jk
®
MMtO“J
897,000
7,200
47,100
43,000
200
700
at Rotterdam
at Antwerp
at Havre
at Marseilles
at Barcelona
at Genoa
at Trieste
Liverpool stock
%
dd
653,000
4,300
300
900
M
9©o9
cjifflOw
CD O
786,000
4,500
30,000
,
Total visible supply
2,970,429 3,274,271 3,030,085 2,981,849
Of tbe above, the totals of American and other descriptions are as follows:
^
M M —
37,000
1,098,000 1,228,500
957,400 1,273,100
80,000
147,000
104,000
54,000
460,000
619,000
418,000
474,000
41,000
31,000
31,000
Egypt,Brazil,&c.,afltforE’r’pei
46,000
Stock in United States ports.. 942,712
922,643 1,063,680
869,062
Stock in U. S. interior towns.. 343,525
302,128
436,697
255,587
United States exports to-day.
24,000
5,192
19,308
10,100
I ®co:
©o
CD M to
I
ji
oooo
O'
I1
►-
*
©©
®
to to
tc4-1
m
—
ft
©©
o©
M M if- M
MX
© cji
a
17,000
India cotton afloat for Europe
Amer. eott’n afloat for Eur’pe
M M
| £>c»:
if*
to
a
MWMM
©
<
I
cn o>
ax
O O o
° CJI
©*q
c©
ft
•*<
M©
U< O'
if*
12,000
1885.
23,000
Total Continental stocks
I ®5°:
o»
h-» h-
(>
©©
I
HMftM
I s><»:
o!^
ft
©M
99^9
on ©
©
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o Om^
O
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M M
c©
DOiOcJi
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M ©
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w
99© 9
V W
ft
I 9>-:
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I
a
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◄
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6i
a
99
Too9 *-•:^
Ciyi
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t>
<
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99
860,000
43,300
CO
to
to
©
©
o©r<
©
CD
1886.
636,000
Stook at Bremen
Stock
8tock
Stock
Stock
Stock
Stock
Stock
111
&SJ
§ 9>°3
■C HM®
r{r
©2
©c.
CO ft
’Col
CD©*
V=
WScTJO
1887.
877,000
Stock at Amsterdam
Stock at Hamburg
CO
'Jj
CD
p
©at
o
CO
CO
«
<
’Tlx
M
1888.
758,000
28,000
889,000
2,700
21,900
p
:
co
H
X
175
© -i © to to © ;d m © ao © ©
W CD M © M ID 00 © © © W C CD © © © M
MM
M to W ©•
CDmCmOW^IXMW.
©
to
<J0>MM©pM
©MWQ0MWI0O
to X
O <J M © o
MW
MW©©WWMCD
*
The figures for Louisville in both years are “net.”
The above totals show that the old interior stocks have
decreased during the week 19,672 bales and are to-night 41,417
bales more than at the same period last year. The receipts at
the same towns have been 10,978 bales less than the same
week last year, and since September 1 the receipts at
all the
towns are 105,117 bales more than for the same tiaie in 1886-7.
THE CHRONICLE
176
Quotations for Middling Cotton at Other Markets.—
In the table below we give the closing quotations of middling
cotton at Southern and other principal cotton markets for each
day of the past week.
Week
CLOSING
ending
Feb. 3.
Galveston
New OrleansMobile
Savannah
Charleston
...
Satur.
Mon.
Tues.
10
10
10
..
Norfolk
Boston
Baltimore
.
...
Philadelphia
Augusta
Memphis
97s
978
978
10
9*316
9*316
978
978
97«
978
10
10
10
10
10*16
10*16
10*16
10*16
10*16
10*16
10*16
1034
1038®’*fl
10%
10%
10%
10*2®^
10%
lOLj® °8
10 34
10%
lO1^® 58
10%
10
10
10
9*31C
978
10
10
10*16
10^2® 38
9*316
St. Louis
...
10
10
10*16
10*16
....
Louisville
Fri.
Thurs.
10
10
Cincinnati...
Wednes.
97e
978
978
97e
97s
978
978
97e
978
...
Wilmington
QUOTATIONS FOR MIDDLING COTTON ON—
97g
97g
*
10
10
10
10
10*16
10%
10%
10
9*3j6
97e
0*%6
10
10
978
9 * 316
978
9*316
978
10
10
10
10
10%
10*2
10 34
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
the week.
aging
[Vol. XLVI,
The thermometer has ranged from 37 to 77, aver¬
59.
Little Rock, Arkansas.—Telegram not received.
Helena, Arkansas.—It has rained
on one
day of the week,
the rainfall reaching sixty-five hundredths of an inch. There
is a little cotton yet to be picked in the bottoms.
The ther¬
mometer has averaged 55, ranging from 28 to 66.
January
rainfall five inches and
seventy-three hundredths on ten days.
Memphis, Tennessee.—No rain fell during the week, but it
is raining now.
Average thermometer 48, highest 64 and
lowest 27.
During the month of January we had rain on ten
days, the rainfall reaching four inches and four hundredths.
Nashville, Tennessee.—We have had rain on three days of
the we k, the rainfall reaching thirty-one hundredths of an
inch. The thermometer has ranged from 19 to 58, averaging 40.
Mobile, Alabama.—Rain has fallen on two days of the
week, the rainfall reaching sixty-eight hundredths of an inch.
Average thermometer 55, highest 75 and lowest 36.
Montgomery, Alabama.—There has been no rain all the
week.
The thermometer has averaged 55, the highest being
74 and the lowest 31.
Rainfall for month of January four
inches and twelve hundredths.
Selma, Alabama.—Telegram not received.
Auburn, Alabama.—Telegram not received.
Southern consumption; they are simply a statement of the
Madison, Florida.—Telegram not received.
weekly movement from the plantations of that part of the crop
Macon, Georgia.—Telegram not received.
which finally reaches the market through the outports.
Columbus, Georgia.—Rain has fallen on two days of the
week to the extent of forty hundredths of an i ch.
The ther¬
Week
Receipts at the Ports. St’k at Interior Towns. Rcc'pts f rom PlanVns. mometer has averaged 50, the highest being 65 and the low¬
Ending—
1886-80 1886-87
1837-88,'1885-86 1880-87-1887-88 1885-80 j 1880-37 1887-88 est 30. Rainfall for the month of January three inches and
thirty-four hundredths.
Dec. 30
189,852 230,618 188,824543,557 443,505493,883 212,090|246,649 179.029
Savannah, Georgia.—The weather has been pleasant
Jan. 6
140,829 159,044 159,308*520,501 423,252 401,804 123,833 138,731 127;229
during the week, with no rain. The thermometer has aver¬
13
108,488 142,915 145,741 613,993 389,7451437,202 95,920 ll09,4C8 121,139
20
110,310 155,884 105,403 493,250 346,428 423,832 89,567! 132,507 92,033 aged 52, ranging from 35 to 73.
27
Augusta, Georgia.—The weather has been clear and pleas¬
134,804 132,531 90,130 470,342 351,301 398,012 117,896'117,404 04,310
Feb. 3
122,418 130,753 98,008 409,013 330,012 379,550 115,089 110,004 80,212 ant all the week.
Average thermometer 50, highest 74 and
lowest 28. During the month of January the rainfall reached
The above statement shows—1. That the total receipts from four inches and twenty-five hundredths."
the plantations since September 1, 1887, are 4,939,353 bales;
Atlanta, Georgia.—We have had no rain all the week.
in 1886-7 were 4,774,934 bales ; in 1885-6 were 4,683,827 bales.
The thermometer has averaged 48, the highest being 66 and
2.—That, although the receipts at the outports the past week the lowest 25.
were 98,668 bales, the actual movement from plantations was
Albany, Georgia.—It has rained on one day of the week,
only 80,212 bales, the balance being taken from the stocks at the rainfall reaching eight hundredths of an inch. Cotton is
the interior towns. Last year the receipts from the plantations about all gone from this county and town. The thermometer
for the same week were 116,004 bales and for 1886 they were has averaged 53, ranging from 29 to 68.
Charleston, South Carolina.—There has been no rain all
116,089 bales.
the week. The thermometer has ranged from 34 to 69, aver¬
Amount of Cotton in Sight Feb. 3.—In the table below
aging 50.
we give the receipts from plantations in another form, and add
S.atebarg, South Carolina.—An inappreciable amount of
to them the net overland movement to Feb. 1, and also the
rain has fallen on two days of the week.
Average thermom¬
takings by Southern spinners to the same date, so as to give eter 47, highest 72, lowest 27. During the month of
January
substantially the amount of cotton now in sight.
the rainfall reached two inches and fourteen hundredths.
.
“
“
“
.
1887-88.
1886-87. ! 1885-86.
1
1884-85.
Receipts at the ports to Feb. 3. 4.583,627 4,486,382 4,235,664 4,216,777
Interior stocks on Feb. 3
excess of September 1
in
355,726
288,552'
453,163^
254,575
Tot. receipts from plantat’ns
Net overland to Feb. 1
4,939,353 4,774,934 4,688,827 4,471,352
583,220, 559,199
792,413
442,478
Southern consumpt’nto Feb. 1
164,000
240,000 194,000
144,000
Total in
sight Feb. 3
5,971,766 5,552,154 5,412,026 5,057,830
1,374,682 1,162,107 1,215,956
It will be
night,
seen
New Orleans
1
Northern spinners’ takings to
Feb. 3
979,479
by the above that the increase in amount in sight to¬
compared with last
year, is 439,622 bates, the increase as
compared with 1885-6 is 559,750 bales, and the increase over 1884-5
as
Columbia, South Carolina.—Rainfall for the month of
January two inches and thirty hundredths.
Wilson, North Carolina.—Telegram not receivrd.
The following statement we have also received by telegraph,
showing the he>ght of the rivers at the points named at &
o’clock Feb. 2, 1888, and Feb. 3, 1887.
is 913,936 bales.
Memphis
Nashville
Shreveport
Vicksburg
Above low-water mark
JFV6.2,’88.
Feb. 3,»87.
Feet.
8
14
9
19
24
Feet.
4
27
38
5
23
Inch.
8
0
2
0
1
Inch,
5
4
8
0
2
India Cotton Movement from all Ports.—The
and shipments of cotton at Bombay have been as follows
the week and year, bringing the figures down to Feb. 2,
receipts
for
by tele¬
graph to-ni* lit cur reports from the South indicate that the
BOMBAY RECEIPTS AND SHIPMENTS FOR FOUR YEARS.
weather has been more favorable during the week, and that
marketing has made good progress.
Shipments this week. Shipments Since Jan. 1.”
Receipts.
Galveston, Texas.—We have had rain on three days of the
Tear Great Conti¬
Great
Conti¬
This
Since
week, the rainfall reaching one inch and sixty-eight hun¬
Total.
Total. Britain
nent.
Week.
BriCn. nent.
Jan. 1.
dredths. The thermometer has averaged 61, ranging from 47
79.000 44.000
to 64.
153,000
During January the rainfall reached two inches and 1888 6,000 13,000 19,000 18,000 61,000
1887 1,000 16.000 17,000 18,000 82,000
100,000 43.000
209,000
fifty-eight hundredths.
1886 7.000 29,000 36.000 17,000 71,000
88,000 38.000
178,000
Texas.—It
has
rained
jPalestine,
on four days of the week,
1885 4,000 14,000 18.000 15,000 51.000
66.000 26,000
111,000
the rainfall reaching one inch and fifty hundredths. The
thermom ter has ranged from 40 to 70, averaging 57. During
According to the foregoing, Bombay appears to show an
the momh of January the rainfall reached six inches and fif¬ increase compared with last year in the week’s receipts
of 1,000 bales and aa increase in shipments of 2,000 bales, and
teen hundredths.
San Antonio, Texas.—Rain has fallen on three days of the the shipments since Jan. 1 show a decrease of 21,000 bales.
week, the rainfall reaching fifty six hundredths of an inch. The movement at Calcutta, Madras and other India ports for
Average thermometer 59, highest 70 and lowest 44. During the last reported week and since the 1st of January, for two
the month of January the rainfall reached one inch and years, has been as follows.
“Other ports” cover Ceylon,
Weather Reports bv Telegraph.—As received
Tuticorin, Kurrachee and Coconada.
twenty-eight hundredths.
New Orleans, Louisiana.—It has rained
day of the
week, the rainfall reaching eighty-two hundredths of an inch.
The thermometer has averaged 52.
ColumOu>, Mississippi.—We have had rain on one day of
the week, the rainfall reaching fifty-eight hundredths of an
inch. The thermometer has averaged 51, ranging from 30 to
68.
Dui ing January the rainfall reached fi\ e inches and sixtyon one
nine hundredths.
Leland, Mississippi.—There has been
no
rain all the week.
The thermometer has ranged from 30 to *3, averaging
Greenville, Mississippi.—Telegram not received.
bb'l.
Clarksdale, Mississippi.—During the month of January
the rainfall reached four inches and forty-one hundredths on
seven days.
Vicksburg, Mississippi,—There has been no rain during
Shipments for the week.
-
Great
Britain.
Conti¬
nent.
Total.
Shipments since January 1.
Great
Britain.
Calcutta1888
1887
Madras—
1888
1,000
1.000
2,000
2,000
1887
Total all1888
1887
4,000
2,000
1,000
4,000
1,000
5,000
6,000
......
6,000
4,000
4,000
13,000
12,000
2,000
2,000
2,000
3,000
4,000
Total.
~
2,000
1887......
All others—
1888
9,000
10,000
Continent.
7,000
9,000
4,000
4,000
11,000
18.000
21,000
8,000
26,000
6.000
27.000
13,000
February
from
The above totals for the week show that the movement
the ports other than Bombay is 1,000 bales less than the
week last year. For the whole of India, therefore, the
same
total
shipments since January 1, 1888, and for the corresponding
periods of the two previous years are as follows :
INDIA.
EXPORTS TO EUROPE FROM ALL
all Europe
from
This
Since
week.
Jan. 1.
This
week.
79,000
Bombay
19,000
All other ports.
5,000, 26,000
24,000! 105,000!
Total
1886.
1887.
1888.
Shipments
to
This
week.
Since
Jan. 1.
Since
Jan. 1.
17,000
6,000
100,000
27,000
36,000
5,000
88,000
25,500
23,000
127,000
41,000
113,500
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
the corresponding week of the previous two years.
Alexandria, Egypt,
Receipts (cantars*)—
This week....
Since Sept. 1
Exports (bales;—
To Liverpool
1
Total Europe
*
Since
This
Since
Sept. 1.
week.
Sept. 1.
5,000 194,000
4,000 193,000,
1 2,000 108,000
1
To Continent
65,000
2,493,000
80,000
2,547,000
85,000
2,605,000
This
week.
1885-80.
1886-87.
1887-88.
1.
97,000
6,000
Since
This
week.
Sept. 1.
6,000 174,000
4,000 99,000
A cantar is 98 pounds.
This statement show that the receipts for the week
Feb. 1 were 85,000 cantars, and the shipments to all
ending
Europe
6,000 bales.
Manchester Market.—Our report received by cable to-night
from Manchester states that the market
is quiet for
both yarns and shirtings.
We give the prices for to-day
this and
below, and leave those for previous weeks of
last year for comparison:
32s Cop.
Twist.
1886-87.
8*4 lbs.
GoWn
Mid.
Shirtings.
TJplds
s.
d.
d. s. d.
Deo.30
@838 5i0*2®7
5 10*2@7
Jan. 6 7\ @838
13 713i6-8716 5 9 @7
“
20 71316~ 87ie 5 9 @7
“
@7
27 713i6“8'716 5 9
Feb. 3 713i6-8716 5 8Vo>7
5%
2
2
2
5®g
55s
55s
1*2
5916
d.
d.
d.
d.
3
3
751e@7i&i6
75i6®71516
7516@71516
7*4 @778
7*4 @778
7*8 @73i
CotVn
8*4 lbs.
32s Cop.
Twist.
Mid.
Shirtings.
s.
5
5
5
5
5
5
d.
8
8
TJplds
s.
d.
@6 10
@6 10
9*2@6
9*2®6
9*2@6
9*2@6
10*2
10*2
10*2
10*2
d.
5*4
5*4
5*|6
Overland Movement,&c., to February 1.—In our editorial
columns to-day will be found our regular statement of over¬
land movement, receipts, exports, spinners’ takings, &c.,
brought down to February 1.
European Supply and
follows:
Consumption.—By cable
we
have
received the substance of Mr. Ellison’s annual first of
January
cotton review, and in our editorial columns give the result^
and some suggestions respecting them.
East India Crop.—From the.B jmbay Company’s (Limited)
cotton report, dated Bombay, Dec. 30, we havfc the following :
during tbe last few days, and also in
parts of tbe Berars, but not sufficient to affect the prospects of the crop
for the worse.
Heavy rain now would of course seriously damage the
quality of the cotton, but latest reports say that the weather has cleared
up and that no damage has been done.
Telegrams received to-day re¬
port slight rain in the Broach and Dliollera districts, but no damage will
result unless it continues. As regards supply, it is still maintained in
some well-informed quarters that the Oomrawuttee crop is going to be
short this year; on the other hand, Dhollera and Broach will probably
be larger than last year, as well as saw ginned Dharwar, Comptahs and
Westerns, so that notwithstanding]the shortage in Bengals and Oomras
the total supply will probably be almost the same as last year.
Messrs. Gaddum, Bythell & Co.’s report of the same date
says:
no
change in crop prospects.
The quality of the cotton
arriving in tbe Oomra markets shows some improvement on what has
been procurable
hitherto, but the supplies
are
still disappointingly
small, and prices remain on a high level compared with Bombay or
Europe. Reports from the Broach and Dhollera districts continue very
satisfactory, and the Western, Compta and Dharwar crops are also
making good progress. Bengal cotton is arriving a little more freely
now; quality is satisfactory.
We regret to have to report that within
the last two days a sudden change took place in the weather, and rain
has fallen in most of the Oomra districts. The rainfall has not been very
so far, and should it clear up soon but little harm will result be¬
heavy
yond delaying arrivals somewhat.
Jute Butts, Bagging, &c.—There has been
only
a
light
call for
bagging since our last, and buyers are taking parcels
for present wants.
Prices are quoted at 5 j^c. for 1341b., 6c.
for l%lb., 6*4c. for 21b. and 7c. for standard grades.
Some
inquiry is reported for butts, and sales are being made at 234c.
for Daper grades and 2%@2^c. for bagging qualities.
Average Weight of Bales.—-We have had
Weight.
300,094
800,304
764,804
651,754
145,084,038
387,267,033
371,429,177
316,562,074
483-46
483-90
485-65
485-71
2,516,956
1,220,342,322
484-85
September.
October....
November.
December.
These totals show that the Government’s average
weight was 484-85.
from month to month some revision is made by tbe Chief of
the Bureau of Statistics, but as a rule it is very slight. This year, how
Of course,
ever, In making the additions an error occurred during November and
December, the total bales being increased by corrections 118,126 bales#
and the pounds only 8,417,479, or a little over 77 pounds per bale,
which brought the aggregate figures down to the very low average of
466*4 pounds per bale. The fact is, that only 18,000 should have been
added instead of 118,000. Making this correction the total in the
bales containing 1,228,759,”*
weight of 484 70 pounds per bale, which, it
will be noted, differs very slightly from the average indicated by the
unrevised monthly figures given above, and confirms the correctness of
Bureau’s last statement would be 2,535,082
801
our
pounds,
or an average
figures.
United
reached
111,105 bales. So far as the Southern ports are concerned, these
are the same exports reported by telegraph and published in
Shipping News.—The exports of cotton from the
States the past week, as per latest mail returns, have
the Chronicle last
Friday.
With regard to New York we
Thursday.
Total bales,
City of Berlin, 2,572
Lake Superior, 2,607—Servia,
Nbw York-To Liverpool, per steamers
Germanic, 2,227
2,653
Wisconsin, 1,762
To Hull, per steamer Galileo, 075
To Glasgow, per steamer Asia, 451..
To Havre, per steamers La Bourgogne,
11,821
675
451
457—Marsala, 550. 1.007
To Bremen, per steamers Eider, 300
Saale, 50
350
To Hamburg, per steamer Rugia, 1,000
1,000
To Amsterdam, per steamer Edam, 959
959
To Antwerp, per steamer Westernland, 2,070
*
2,070
To Copenhagen, per steamer Slavonia* 100
100
To Barcelona, per steamer Britannia, 337
337
-
Liverpool, per steamers Bernard Hall. 6,003
....Niceto, 4,900
To Havre, per steamer Tancarville, 6,122
To Bremen, per steamer Escalona, 4,934
per bark Hera,
3,286
To Barcelona, per bark Tafalla, 1,200
New Orleans—To
Passages, per brig San Prisco, 1,200
1,200
Liverpool, per steamer Propitious, 4,670—per
ship Mohur, 4,080
8,750
Savannah—To Liverpool, per steamer Storra Lee, 4,393
4,393
To Barcelona, per steamers Marion, 5,582 ...Romanby,
4,450 ...per bark Gyller, 1,350
11,382
Charleston—To Havre, per bark Nellie T. Guest, 3,050
3,050
To Bremen, per steamers India, 3,900
Wcstergale, 4,150.. 8,050
Galveston—To Bremen, per steamer Maritana, 3,690
3,690
To Yera Cruz, per steamer Whitney, 1,246
1,246
Wilmington—To Ghent, per bark Marianne, 1,556
1,556
Norfolk—To Liverpool, per bark Maiden City, 3,318
3,318
West Point—To Liverpool, per steamer Haverstoe, 6,418
6,418
Newport News—To Liverpool, per steamers Duke of West¬
minster and Roxburgh Castle, 5,024
5,024
Baltimore—To Liverpool, per steamers Oranmore, 2,060—
4,025
Sarmatian, 1,965
To Havre, per steamer Panama, 210
To Antwerp, per steamer Gothenburg City, 67
Boston—To Liverpool, per steamers I stria n, 1,323
210
Norseman,
Palmyra, 222
1,966
Amster- Barce*
dam,
Liver-
Hull
and
Iona
Brem. Antw'ps
and Ghent &
and
Pas-
pool. Glasg'w, Havre. Hamb. Coj>cnh> sages
New York ..11,821
1,126 1,007 1,350 3,129
337
N. Orleans.
Mobile
Savannah
Charlest’n
Galveston
10.903
6,122
15,775
11.382
3,050
.
8,050
3,690
1,246
1,556
Wilmingt’n
Norfolk^
Newport N.
5,024
210
4,025
.
4,302
67
3,511
3,511
Boston
....
Below
58,163
we
1,126 10,389 21,310
4,75214,119
1,246 111,105
add the clearances this week of vessels
cotton from United States
carrying
ports, bringing our data down to
the latest dates:
Galveston—For Liverpool—Jan. 31—Bark Aphrodite, 2,309.
have made
an
31—Steamer Assyrian, 3,159.
For Rotterdam—Jan. 28—Steamer Lero, 735.
Philadelphia—For Liverpool—Jan. 26—Steamer
25.
Jan.
Lord Gough, 1,391.
numerous
examination and find that it is
simply a clerical error in the total of the Bureau of Statistics’ report for
November and carried forward into December. The monthly figures of <
8,045.
New Orleans—For Liverpool—Jan. 27—Steamer City of Lincoln,
For Bremen—Jan. 28—Steamer Martha, 4,054.
For Barcelona—Jan. 28—Bark America, 600.
Mobile—For Liverpool—Jan. 30—Steamer Charrington, 4,610.
Savannah—For Bremen -Jan. 28—Steamer Amaryllis, 4,963. Charleston—For Liverpool—Jan. 27—Steamer Mayaguez, 2,720.
For Barcelona—Jan. 27—Bark Umberto I., 1,700.
Norfolk—For Liverpool—Jan. 27—Steamer Yorkshire, 5,500.
Boston—For Liverpool—Jan. 24—Steamer Michigan, 3,416
Jan.
Steamer Bulgarian, 2,200
Jan. 27—Steamer Pavonia,
Baltimore—For Liverpool—Jan. 28—Steamer Baltimore, 2,022
Madura, steamer (Br.), from Galveston for Liverpool, which
we
11,100
4,936
1,556
3,318
6,418
3,318
6,418
5,024
West Point.
Total.
18,770
27,645
8,750
2,400
8,220
8,750
4,393
.
Baltimore
Vera
Cruz.
7, and the average as shown by the Government statement lately issued.
the doubt
3,511
particulars of these shipments, arranged in our usual
The
form, are as follows:
Total
07
111,105
Total
sels carrying cotton
remove
8,220
1,200
To
inquiries this
week regarding the difference between the average gross weight of bales
of cotton marketed to January 1 as given in the Chronicle of^January
To
10,903
6,122
Mobile—To
Some rain lias fallen in Bombay
There is
Average
Pounds.
Bales.
include the manifests of all vessels cleared up to
6,000301,000 11,000 291,000 10,000 273,000
1887-88.
pounds reported by months by the Bureau have been as
bales and
•
Alexandria Receipts and Shipments.—Through arrange¬
ments we have made with Messrs. Davies, Benachi & Co., of
Feb.
177
fHE CHRONICLE,
4, 1888.]
Below
we
give all
news received to date of disasters to ves¬
from United States port9, &c.
arrived at
and
Newport News, Jan. 24, will discharge a quantity of her cargo
replace it with com for the purpose of stiffening the ship.
Cotton
freights the past week have been as follows :
fHE CHRONICLE.
its
Liverpool, steam d.
Do
Salur.
Mon.
Toes.
Wtdnts.
Thurs.
Fri.
%®964
%®904
%®964
%®964
%®964
%®904
it has been winter-killed to some extent. But the severity of
the winter is regarded as promising a favorable season for
Do
932
932
932
932
the
c.
sail...r.
**32
“as
....
....
Sal
Sat.
....
**32
U32
....
....
;;;;
....
Do via Leitli.d.
Reval, steam
d. *304_1784 *364-1764 1364~*764 *364-1784 *3e4-1764 1364~1764
sail.... ..d.
Barcelona,steam d.
732® *4
Genoa, steam.. d.
Trieste, steam...d.
‘32
‘32
Antwerp, steam d.
*
‘32
732
%
%
764'®16
764®*8
732®14
732
%2® *4
732
%
%
the weather.
on a
dull and
mixed at
Per 100 lbs.
Live rpool.—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, j
Jan. 13.
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
Jan. 20.
53,000
Jan. 27.
54,000
3,000
4,000
37,000
5,000
28,000
707,000
522,000
158,000
133,000
317,000
300,000
4,000
3,000
38,000
9,000
27,000
629,000
447,000
87,000
65,000
344,000
334,000
7,000
746,000
561,000
shipments to Great Britain, giving on
prices. To-day the market was
weak, the principal business being in steamer No. 2
99,000
79,000
292,000
depressed.
most
for the
tions
decline
Market,
12:30 P.M.
(
$
In buyers’
MicLUpTds.
5%
Mid. OrTns.
Dull and
Easier.
favor.
Easier.
irregular.
5%
511i6
5**16
5**10
8,000
1,000
10,000
1,000
8,000
Quiet at
Quiet at
Quiet at
Easier at
1-04 de¬
1-04 de¬
cline.
cline.
cline.
Firm.
Weak.
Steady.
Sales
8pec.&exp.
5%
12,000
1,000
1,000
Mon.
Tues.
February delivery
March delivery
39%
38%
38%
39%
May delivery..-
39%
39%
39%
39%
ers, and
The
gie
{
P.M.
$
12:30
Market,
4 P. M.
1-04 de¬
cline.
1-04 de¬
Quiet.
Easy.
dlsposit’n
to sell.
C?* The prices are given in pence and 6Wis
4 63-64d., and 5 01 means 5 1-64(1.
Mat., Jan. 28.
Mon., Jan. JO.
Open High Low. Clot.
Open High Low. Clos.
thus:
4 63
(L
d.
d.
d.
d.
d.
d.
d.
d.
538
5 38
5 37
5 87
5 37
5 37
5 87
587
5 37
5 37
538
538
538
538
537
5 37
5 87
6 37
5 30
530
530
530
Feb^March 538
538
5 38
588
5 37
5 37
5 37
5 37
5 80
5 30
5 30
5 30
6 40
5 40
5 40
5 30
5 39
5 80
5 39
5 38
5 38
538
5 38
5 41
541
5 41
5 40
5 41
5 40
5 41
5 40
5 40
5 39
t 39
5 43
543
5 43
5 42
6 43
5 42
5 43
5 42
5 42
5 41
5 41
5 45
545
5 45
5 44
5 44
544
5 44
5 44
5 44
5 43
5 43
5 47
5 47
e 47
5 40
6 46
5 48
5 40
5 45
5 45
5 45
5 45
5 47
5 47
5 47
5 40
5 47
5 40
5 47
5 40
5 40
5 40
5 40
Thurs., Feb .2.
d.
February... 5
d.
<L
d.
d.
5 35
534
5 35
5 35
5 34
5 35
Mar.-April. 5 30
April-May. 5 33
5 37
5 30
5 37
5 37
5 38
538
5 38
5 38
!
34
5 34
Feb.-March
!
d.
d.
d.
Open High Low. Clos.
d.
41%
41%
41%
2 75® 3
3 25®
4 15®
4 40
20
4 25
5 00
2 70®
2 90
3 00®
3 40
d.
Western, &o
Thurs.
41
Fri.
41
41%
41%
41%
41%
2 50
3 00® 3 25
3 20® 3 25
per
100 lbs
2 10®
2 20
5 85
5 35
5 33
5 33
5 33
5 31
583
5 34
5 35
5 83
5 33
5 33
531
5 33
5 34
5 87
5 35
5 35
5 35
5 30
5 36
5 30
5 38
5 37
5 37
5 37
5 38
5 37
5 38
60%®
60
®
®
®
.
hush.
The movement
72
®
Receipts at-
|
38%®
41%®
391
42i
Canada No. 1
Two-rowed State..
Six-rowed State....
Milwaukee No. 2...
95
85
88
90
Malt—State, 4-rowed.
State, 2-rowed
95
85
63
®1 00
®
88
®
90
®
95
®1 00
® 90
®
65
Flour.
Wheat.
Com.
Oats.
Barley.
Rye.
Bbls.lbQlbs Bush.QOIbs Bush.56 lbs Bu8h.32 lbs Bush.48 lbs Bu. 50 lbs
\
138,177
150,030
626,701
545,178
48,537
93,520
8,437
5,371
3,002
10,451
1,870
43,251
13,620
25,405
5,200
18,850
289,553
01,730
28,007
22,451
1,685
23,421
03,8i.0
480.455
30,000
5,577
9,220
43,054
254,000
27,500
319,050
330,000
24,000
388,714
472,381
521,170
31,831
17,270,034
1,281,990
43,500
30,054
10,577
19,800
27
3,850
13,200
47.128'
870,110
Tot.wk. ’88.
212,451
248,251
.
1,495,887
1,223,035
1,580,5 iO
1,729,408
1,018,908
63,802,208
46,077,956
49,907,277
43,038,295
48,990,490
41,818,430
37,991,548
33,342,025
808,372
1,789,429
920,739
5 40
5 40
5 40
5 30
539
5 39
5 40
5 39
5 40
5 42
5 42
5 42
5 41
5 41
5 40
5 41
5 40
5 41
5 44
544
544
5 44
5 44
544
5 43
5 43
5 42
5 43
5 42
543
AUK.-Sept,. 5 44
5 45
5 44
5 45
5 45
5 45
5 44
5 44
5 43
5 44
5 43
541
Sept.-Oct
5 45
5 45
5 45
1887-8..
5 45
5 45
5 44
5 44
5 43
5 44
543
5 44
0,340,602*
74,000,925
1886-7*..
5,005,700
_4,301,300)
’80.
f
1885-0*..
*
Include
The
135,189
one
993,857
09,280
20,320
15,922,9921 1,413,545
14,388,320! 2,157,419
week extra.
receipts of flour and grain at the seaboard ports for the
28, 1888, follow:
week ended Jan.
At—
New York
Boston
Montreal
fne wheat market has been
depressed.
lower prices led to some revival of export
Philadelphia...
Baltimore...
continued, tuou^n less actively, on Wednesday, causing some
recovery in speculative values; but as the export business
fell off prices again gave way yesterday.
Accounts from the
fail-sown crop are widely variaole, but leave little doubt that
Norfolk, Va....
On Tuesday the
business, which was
No. 2 mixed
ake ana river ports, arranged so as to present the
compaia*
ive movement for the week ending Jan, 28, 1888, and eince
5 42
quoted.
45
£f breadstuffa to market is indicated in the
5 40
Friday, P. M., February 3,1888.
The market for flour and meal has been quite
dull for the
week under review, and in some cases tne low
grades o
wheat fl )ur especially there is a lower
range of values to be
41
®
75
5 40
BREADSTUFFS.
®
39
Buckwheat
State & Pa., 9
5 42
i
37
White
Barley—
®
®
®
60
;
Oats—Mixed
No. 2 white
Bye-
d.
5 35
86
85
58
9%
5 42
39%
2 30®
Brandywine
Buckwheat flour,
I
®
®
89 %®
5 40
5 45
Fine
Corn meal—
1
85
88
May-June..
..
39
39%
the closing quotations:
June-July..
July-Aur
-•
38%
is true of birley malt; Buckwheat is dearer.
are
3 50®
FrL, Feb. J.
d.
Wed,
41%
41%
41%
Winter shipp’g extras.
-
Open High Low. Clos. iOpen High Low. Clos.
Tues.
41%
41%
41%
Minn, clear and stra’t.
d.
Mar.-April. 5 40
Aprll-May.. 541
May-June.. 5 43
Juue-J uly.. 5 45
July-Autf... 5 47
I
same
Red winter No. 2..,
Red winter
White
Corn—West’n mixed.
VVest’n mixed No. 2.
Western white
Western yellow....
White Southern
Open High Low. Clos.
d.
Wednes ., Feb. 1.
the
following
Spring, per bush...
Spring No. 2
...
Tues., Jan. 31.
5 88
AUK.-Sept.. 6 47
Mon.
42%
Fri.
38%
38%
2 WHITE OATS
Sat.
Wheat-
means
January.... 538
...
39%
39%
Thurs.
GRAIN.
otherwise stated.
Jan.-Feb
39
41%
42
Winter XX ami XXX.
Patents
8outhem supers
Soutli’n corn, extras..
Very
steady.
J
Wed.
39
FLOUR.
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
d.
•
$ bbl. $2 15® $2 60 Southern bakers’ and
Superfine
2 40® 2 90
family brands...... $3 50®$4 25
Spring wheat extras. 2 70® 3 15 Rye flour, superfine.. 3 30® 3 60
Steady.
More
£
5
increased
Fine
12,000
1,500
Futures.
Market,
with
Rye is scarce and held for extreme prices. Barley is very
firmly held, but buyers do not readily meet the views of sell¬
Good
5%
10,000
1,000
being
opera¬
further decline, but a steadier
was a
Sat.
demand.
5%
61
61
60
DAILY CLOSING PRICES OF NO. 2 MIXED OATS.
Thursd’y. Friday.
doing.
Fri.
60%
60%
closing.
270.000
Fair
business
Cl
61
from the bears
come
To-day there
force.
May delivery
Wednes.
Thurs.
60%
6u%
60%
60%
60%
60%
60%
60%
60%
60%
60%
60%
60%
DAILY CLOSING PRICES OF NO.
Saturday Monday. Tuesday.
Wed.
The regular trade has been dull and
Liverpool market for spots and futures each
day of the week ending Feb. 3 and the daily closing prices
February delivery
of spot cotton, have been as follows :
March delivery
Spot.
2 MIXED CORN.
Tues.
60
60%
60%
Oats have declined somewhat, the remoter options
The tone of the
^
Mon.
60%
60%
61%
61%
61%
61%
61%
96,000
297,000
277,000
elevator.
*n
Sat.
573,000
120,000
Fri.
some recovery to
DAILY CLOSING PRICES OF NO.
65,000
8,000
3,000
49,000
6,000
23,000
758,000
25,000
Thurs.
The lower price, however, Jed to the renewal
Feb. 3.
59,000
5,000
4,000
41,000
Wed,
Tues.
moderate scale of
Wednesday
%4®1e
764®*e
Mon.
90
89
89
February delivery
89%
88%
90
89%
March delivery
91%
90%.
90%
90%
89%
90%
91
92%
91%
91%
April delivery
91%
z...
91%
93
92
92
May delivery
93
92%
91%
92%
J une delivery
92
92%
91%
92%
91%
92%
December delivery
95
95%
94%
94%
95%
94%
Indian corn declined sharply early in the week under the
excessive dulness of regular trade, due in a measure to the
obstacles to transportation, interior and coastwise, arising from
30-32*2* 30-32%* 30-32 V 30-32 V 30-32 v
32 %*
Amst’d’m, steam. c.
Do
spot was dull.
DAILY CLOSING PRICES OP NO. 2 RED WINTER WHEAT.
c.
Hamburg, steam
dearer
a
**32® % **32®^ 1132®% 1132®% 1*32® 38
%
c.
sail
Do
932
932
c.
Bremen, steam
Do
accounts led to
c.
sail
To-day covering of contracts on foreign
closing for futures, but business on
spring sowing.
sail...d.
Havre, steam
[Vou XLVI
Richmond
New Orleans...
Flour,
Obis.
86,899
25,191
3,870
15,752
32,242
3,000
»
11,605
Total week. 178,559
Uor. week 87.. 315,512
Wheat,
bush.
30,250
18,390
Corn,
bush.
131,260
45,093
[24,600
13,729
16,225
Oats,
bush.
150,000
48,225
6,250
53je04
Barley
Rye,
bush.
bush,
38,750
13,132
5,674
2,550
80,252
56,851
37,534
4,010
45,675
155,618
26,702
229,121'
430,36 6
321.617
79 9,246
843,130
600,914 140,930
li;400
«r
17,700
4, ‘270
18,936
30
65.832
9,974
7,800
THE CHRONICLE.
February 4, 1888.]
The exports from the several seaboard ports for the week
ending Jan. 28, 1888, are shown in the annexed statement:
1?9
valued at
$378,845; and 2,505 packages, valued at $171,481,
to South America.
For the similar period of
1887 the exporta to all ports reached 15,480
packages and
Exports
Wheat.
Corn.
Flour.
Oats.
Peas.
Rye.
in 1886 were 19,538 packages. At first hands the demand for
from—
staple cotton goods was only moderate, but the movement on
Bush.
Bush.
Bbls.
Bush.
Bush.
Bush.
account of former transactions was quite active, and the tone
126,714
New York
73,373
163,265
1,973
2,686
of the market was very firm, many additional makes of brown
62
Boston.
70,898
39,551
Portland.
and bleached goods, quilts, flat fold cambrics,
silesias, &c.,
N. News
having been marked up by the mill agents, while orders for
Philadel.
51,428
10,267
other makes not actually in stock are now
94,285
Baltim’re
64,958
accepted “at
N. Orl’ns.
value” only. Operations on the part of exporters were more
96,902
1,017
Richm’d
liberal than for some time past, despite the recent
sharp
Norfolk..
advance in prices, and some very good orders (for future de¬
Tot. w’k.
1.97,612 405,942
189,166
1,973
2,086 livery) were placed in this connection.
Print cloths were in
8’me time
good demand, and prices have advanced to 4c. for 64x64
1887.
1,107,515 1,008,116
204,913
1,626
140,107
“spots” and “futures to April,” with large transactions ac
The visible supply of grain, comprising the stocks in granary
this figure. Stocks last Saturday and for the three
previous
at the principal points of accumulation at lake and seaboard
years were as follows:
1888.
1887.
1886.
1885.
ports, and in transit by water, Jan. 28, 1888 :
8tock
Jan. 28.
have gone
-
-
.
...
......
-
r
„
„
-
„
„
•
•
••
•
.
..
Wheat,
In store at—
bush.
Com,
Oats,
bush.
bush.
Rye,
New York
Do atioat
Albany
7,937,238
136,500
2,200
1,709,273 1,537,106
Buflaio
2,093,109
71,998
*•
1,500
50,200
67,861
78,100
atioat...
Chicago
“
76.700
317 0.-9
bush.
14.231
Barley,
bush.
5,436,873
Milwaukee
Duluth
Toledo
Detroit
Oswego
55,000
4,034,601
26,000
125,395
Philadelphia
were
in
7,187
13,326
16,698
6,163
71,630
900
490,5 A)
65,706
92 22 k
7,196
32,000
2,423
192,423
1
0,000
8,085
900
22,003
3,193
129,640
8,292
97,034
4,050
13,556
225,062
151,148
81,806
47,423
2,070
16,026
443,142
200,580
141,368
312,584
214,960
154,175
Jan. 31.
79,000
38,000
259,000
30,000
192,000
good demand, and
advanced about
71,074
14,2o6
39,000
1/95,311 1,404,813
159,000
224,000
i 91,833
86,015
65,382
90,580
Indianapolis
Kansas City
29-. 4: 6
48,928
202,375
4s 9,515
Peoria
27,714
1,786
179,843
Montreal
48.000
Prints
Jan. 30.
83,000
29,000
50,000
30,000
3,000
..
914.326
27.000
3,000
15,000
22 > 690
4 *6 651
818 643
485.405
2,016,705
6,812,3 )2
1,751,212
1,285,400
St. Louis
Cincinnati
Boston
Toronto
1,457,348
Jan. 29.
Providence manufrs..
Fall River maniifacturera...
127,335
52.000
atioat.,..
of Print Cloths—
Held by
462,000
481,000325,000
325,000
406,000
numerous
makes have
Printed sateens, lawns, batistes,
ginghams and wmte goods were fairly active in movement
and demand, and prices continue very firm.
per cent.
Domestic Woolen Goods.—There was a considerable in¬
flux ct wholesale clothiers from some of the Western mar¬
kets, and a somewhat better demand for heavy olothing
woolens was experienced by the commission houses, but
there is still roam for improvement in this branch of the
trade.
Prices of men's-wear woolens remain low and not very
remunerative to the mills, owing in a measure to the sharp
competition of foreign worsteds, &c. Fair-sizsd orders for
heavy cassimeres, suitings, worsteds, overcoatings, &c , were
Minneapolis
placed for future delivery, but spring weights were mostly
8t. Paul
695,000
quiet. Heavy satinets were fairly active m some qua r era,
On Mississippi....
and Kentucky jeans and doeskins ruled quiet but steady in
On canal & river.
7,600
6,300
price. Jersey cloths continued in fair request by the manu¬
Tot. Jan. 28. ’88 41,701,081 7.134.733 5.510.335
332.178 2.99 >.7 8
facturing trade, but cloakings were lightly dealt in. AllTot. Jan. 21/88. 42.301.250 0,077,034 5,590,31-9
311,015 2,994,910
wool and worsted dress goods were in moderate request, and
Tot. Jan. 29, ’87. 01,884.712 10,251,898 4,733,373
443,185 2.345,75 >
Tot. Jan. 30/80.54,988,795 7,180,054 1,995,019
and blankets were quiet as usual at this advanced
flannels
718,5 .9 1,800.449
Tot, Jan. 31, ’85* 42,053.*359 0,338,113 2/32,408
511,253 1,028,009
stage of the season, but a very fair business was done in
carpets.
Minneapolis and St. Paul not included.
Foreign Dry Goods were in light and irregular demand at
According to Beerbohm’s London cablegram, the amount of
first
handj, and the jobbing trade was quiet. Large deliveries
wheat and corn on passage at the dates mentioned stood as
of dress goods, hosiery, fabric gloves, &o., were, however,
follows:
made by importers in execution of back orders and an im¬
Week ending Feb. 1.
proved business in foreign fabrics is confidently looked for as
Week ending Jan. 25.
drain on Passage.
soon as retailers begin to appear in the market.
350,843
1,064,949
7,202,459
Baltimore
1,77 s.*
*
Total quarters
Equal in bushels
Same week in 1887..bush.
The expoits of
season are as
w
below:
1,412,000
126,000
'
331,000
53,000
1,538,OOO! 381,000
12,304.000 3,072,000
23,336,000 2,936,000
Wheat.
Corn.
1,381,000
142,000
307,000
71,000
1,523,000
378,000
12,184,0003,024,000
23,416,000 3,032,000
heat from India for the week, year and
Exports of Wheat from India.
To United Kingdom
To Continent
bush.
Total
Week
end'g
Jan. 28.
Week end'g
Jan. 21.
April 1 to
Jan. 28.
Importations of Dry Goods.
importations of dry goods at this port for the week
ending Feb. 2, 1888, and since Jan. 1, and the s ime facts for
The
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20,000
12,640,000
11,760,000
bush.
200,000
40,000
24,400,000
DRY
;
y
to
to
CO
c to
©
CO©
V|©
Friday, February 3,1888.
Although there was an active undertone in he dry goods
trade the past week, because of a
heavy movement in many
descriptions of spring and summer goods on account of
former transactions new business was restricted in
volume,
other than a few specialties
having been more or less quiet in
the hands of commission houses and
importers. The jobbing
trade in the regular way was
dull, very
-4 CO
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tot
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COCOCO Cl
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satisfactory
package business in domestics, prints, lawns, white goods,
cotton hosiery, &c., was done by a few of the
large jobbers.
Large quantities of dry goods, clothing, laces, millinery
goods, &c., were consumed by a destructive fire in this city,
and subsequently the stock of
Barnes, Hengerer & Co., Buf¬
falo, was destroyed in like manner. The losses by these fires
will probably approximate or
fully reach two millions of dol¬
lars, though no reliable statement has thus far been obtain¬
able. Cotton goods, both plain and patterned, have further
advanced in many cases, and the tone of the market is
excep¬
tionally strong because of the very small stock on hand; but
woolen goods and imported fabrics are without
quotable
change.
Domestic Cotton Goods,—The exports of cotton goods
from this port for the week ending
January 31 were 2,939
packages, valued at $174,827. These shipments include 908
to China, 750 to Africa, 528 to the West
Indies, 451 to South
America, 80 to Mexico, 85 to Europe, 80 to Central America, 44
to
Smyrna, and 7 to all other countries. Since the 1st of
January the exports aggregate 16,729 packages, valued at
1962,527, Of this total China has had 7,998 packages,
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QOWOCIM
•
(VOL. XL\I
THE CHRONICLE
180
grohers ©ut of lew Hark.
gangers and
gfitraticiaL
PENNSYLVANIA.
NEW ENGLAND.
JARVIS-CONKLIN
Rea Bros. &
Brewster, Cobb
MORTGAGE TRUST 00.,
&
KANSAS CITY, MO.
Estabrook,
BANKERS,
91*000,000
100,000
1,000,000
-
•
SURPLUS*
Reserve
Liability
Total
Tbls
*
*
•
82*100*000
-
Company offers for sale at par
and
accrued interest its
MEMBERS
New York and
OF THE NEW YORK AND
BOSTON STOCK EXCHANGES.
MEMBERS
DEBENTURES,
ALSO,
Dealers In Municipal, State, Railroad
and United States Bonds.
Wm. G.
Irving A. Evans
& Co.,
BROKERS,
times the amount of the mortgages, held by THE
MERCANTILE TRUST CO., which under special
Articles of Agreement acts as Trustee for the
holders of the Debentures.
They are issued in
denominations of $500, $1,000
63
No.
STATE
Stocks and
desirable class
Of Investments for Estates and Trust Fundsand for Individuals and corporations desiring
an exceedingly safe investment, with a com,
parativcly high rate of interest.
Mortgages on Real Estate in Kansas City,
and Improved farms in Kansas and Missouri,
at not to exceed 40 per cent of the value, are
also offered investors.
Write for further information and references
of the company’s offices at
Dealers in Commercial Paper, Government and
other first-class Bonds and Securities and Foreign
Exchange.
Private
telegraph wire to New
°
SECOND-HAND
Railway Equipment
low prices ior cash
We offer the above at
on
easy
terms
or
or
yon to
NEW YORK
SAVANNAH,
EQUIPMENT C0„
AND
BOUGHT AND
WM.
96
C.
SOLD
NOYES,
Broadway.
See my quotations of Trust and Telegraph Stock*
In Daily Indicator and Saturday’s Evening Post.
bondholders of
THE
JL
FALLS A MINNESOTA
are
THE cedar
RAILWAY COMPANY
requested to communicate
their names
JAMES B. FRY Chairman Auxiliary
every
ticker
fifteen minutes.
York
Whitney & Stephenson,
57 FOURTH
AVENUE.
N.Y. Stock Exchange.
WM. FAIRLEY
H. B. MOREHEAD.
H. B.
Morehead & Co.,
STOCK, BOND AND NOTE
ATLANTA.
Humphreys Castleman,
KINDS OF
BROKERS,
No. 51 Weat Third Street,
CINCINNATI, OHIO
AND DEALER IN ALL
SECURITIES.
Bonds and Stocks bought or sold on commission.
Georgia and Alai ama Securities specially dealt in.
Correspondents —1Tobey & Kirk and A.Dutenhofer,
New York.
References—Ai lanta National Bank, Atlanta, Ga.,
and Fourth Nath;nal Bank, New York.
C. W. Branch &
Co.,
BANKERS AND BROKERS,
State bane building
RICHMOND, V A
N. W.
Co.,
Harris &
CHICAGO and BOSTON.
DHhinO of Counties, Cities,
DUlMUo specialty. Send for
&c., of high grades
DescrlptiveXlsts*
George Eustis & Co.,
.BANKERS
*
CINCINNATI.
with Washington* Balti¬
OHIO.
Philadelphia and New York.
THOMAS BRANCH & CO.,
COMMISSION
alshed.'
N. Y. Correspondents—McKlm Brothers A
Co.
Robert Garrett & Sons,
BANKERS,
No.
7
SOUTH STREET,
BALTIMORE,
A GENERAL
FOREIGN BANKING
TRANSACT
SOUTHERN.
MERCHANTS,
funding the debts of
Virginia and North Carolina free of cost) one-eighth
par cent charged for funding. Southern Railroad
and State and City Bonds bought and sold.
to
Defense Com¬
mittee, second ifloor rear 41 Wall Street New
City
Stocks
Negotiates loans on marketable securities.
New York Quotatians furnished by private
(INVESTMENT and SOUTHERN SECURITIES a
specialty.)
Correspondence solicited and information fur.
BY
PA.
1871.
WESTERN.
BALTIMORE*
Brooklyn Companies’
Stock
private wire with New
ESTABLISHED
GA.,
BANKERS AND BROKERS,
Members of Baltimore Stock Exchange),
Mew York
Inter,
BANKERS AND BROKERS,
Wilson, Colston & Co.,
ALL OF THE
Transact a general banking business. Allow
eat on deposits.
Members of the Philadelphia and New York
No.
RICHMOND, VIRGINIA.
Trust Co.’s Stocks.
».
hand
Circulars and information on
L. V. Walkley, Sec’y
James Irvine, Pres’t.
Co.,
BROKER3,
No. 35 South Third St., Philadelphia,
Railroad, Municipal and other desirable Invest¬
ment Securities for sale.
and bonds
BANKERS AND
STREET, NEW YORK,
10 WALL
on
SECURITY BROKER.
Buys and sells, on commission all classes of
Private wires connecting
(Successors to WALKLEY A CO.),
E. W. Clark &
Hartridge,
A. L.
more,
THE
York.
Oldest Pittsburgh members
will
write us for full particulars.
GreenA Bateman, New
PITTSBURGH,
SOUTHERN.
wish to buy, sell, or trade, it will pay
you
sale.
Exchanges, and connected by
York.
PORTLAND, MAINE*
Dealers In Government,State,County, City and Rail¬
road Bonds, Bank Stocks, Ac.
Desirable Investment Securities constantly
CENT WATER BONDS and
Direct private wire to
BANKERS AND BROKERS,
186 Middle Street,
Whether
securities.
good
exchange for
Car Trust)
York and Boston.
Swan & Barrett,
BROKER
FOB SALE:
Desirable SIX PER
other first-class securities for
BANKERS AND
PROVIDENCE, R. I.
YORK, 239 Broadway; *
LONDON* ENGLAND, 95 Gresham Street.
CHARLES M. JESUP, Secretary.
BROKERS,
WEYBOSSET STREET,
MO.,
Mills Building, 35 Wall St.,
PAID-UP CAPITAL, - - $1,000,000
Designated as a legal depository by order of
Supreme Court.
Receive deposits of money on
Interest, act as fiscal or transfer agent, or trustee
for corporations, and accept and execute any legal
trusts from persons or corporations, on as favorable
terms as other similar companies.
THOMAS H1LLHOU8E, President.
FREDERIC D. TAPPEN, Vice-President.
Charles H. Sheldon, Jr
William blnnky, Jr.
BANKERS AND
52
NEW
Metropolitan Trust
Co.,
New York.
Sold
Wilbour, Jackson & Co,,
No.
Street,
PHILADELPHIA.
Bonds Bought and
In all Markets.
Joshua Wilbour,
Benjamin A. Jackson,
Third
South
28
STREET,
MEMBERS OF BOSTON, NEW YORK AND
PHILADELPHIA STOCK EXCHANGES.
and $5,000
These Debentures are a very
or
Hopper & Co.,
BANKERS! AND BROKERS,
BOSTON.
payable half-yearly at the office of TH E MER¬
CANTILE TRUST CO., NEW YORK.
These
Debentures run for Ten years, but with the
option of redemption at the eHd of Five years
They are direct obligations of the Company
and are further secured by an equal amount of
Beal Estate Mortgages on improved and pro¬
ductive Real Estate worth from three to live
KANSAS CITY
Philadelphia Stock Exchanges.
Pittsburg Petroleum, Stock and Metal Exchange,
Private wires to New York, Boston, Philadelphia,
Baltimore and Washington.
BANKERS AND
SIX PER CENT
to any one
EXCHANGE,
Pittsburg, Pa
425 Wood Street,
BOSTON.
UP*
CAPITAL PAID
AND DEALERS IN FOREIGN
STREET,
CONGRESS
85
No.
Co.,
BANKERS AND BROKERS,
DOMESTIC
BUSINB89
Wm. Fisher &
Stocks
Securities,
Oitobitb Second St.,
32 SOUTH STREET,
BALTIMORE, MD,,
Have Western Union wires in their offices, by
and Investment
means of which immediate communication can
had with all commercial points in the country.
bo
Es¬
pecial attention given to purchase and sale of Vir¬
ginia Consols, Ten-forties, Deferred and all issues
of the State, and to all classes of Southern State
City and Railway Securities. Correspondence so¬
licited.
Augustus Floyd,
42 PINE
STREET,
BROKER IN
INVESTMENT
AND
Sons,
BANKERS,
And Dealers in Governments*
SECURITIES.
No Bniinen Pone on
Margin*.
@FedFRASER