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HUNT’S
MERCHANTS’
^
§ if« r is p ia p ii!,
d KPRESENTINQ’ THE IN D U STR IA L
VOL 46
A N D COMMERCIAL INTERESTS OP
86 TRINITY PLACE,
NEW YORK.
Bushiest Founded 1795.
Co n r a d
D I A M O N D S .
M averick N ational Bank
BOSTON,
S O L ID
MASS.
“
A S A P . P O T T E R , P r e s id e n t.
J O S . YV. W O R K , C a s h ie r .
M ’t’g
C o .,
Broadway and Nineteenth Street,
AND
9
M AIDEN
Established 1864.
LANE.
DRAW ON
TH E N ATIONAL PROVINCIAL BAN K )
OF ENGLAND (Limited,)
> London.
T H E UNION BAN K OF LONDON (L’d), J
H EINE & CO., P a r i s .
JOHANN GOLL & SOEHNE, | F r a n k f o r t - o n .
S. BLEICH ROEDER, B e r l i n .
DEUTSCH SCHW EIZERISCHE C B E D -)
IT BAN K,
j
G a ll.
F . B L A N K E N H O R N , C a sh ie r .
Incorporated 1882
ISO B R O A D W A Y , N E W Y O R K .
G u a r a n te e d S ix P e r C en t M o r tg a g e s
C A PITA L (FU LLY P A ID ) ................... $1,000,000
TO TA L V A L U E OF GUA R A N T Y .. .. 2,400,000
Trustees and Investors generally are requested
to call and examine these securities, or send fo r
pamphlet giving full information.
S. A .
Kean & Co.,
NEW YO R K ,
2 W a ll St.
C H ICAGO.
INVESTM ENT
BONDS.
Call or send fo r Lists.
H ow ard Lapsley & C o .,
BANKERS AND BROKERS,
72
B R O A D W A Y and 9 N E W S T R E E T ,
N ew Y o r k .
Special attention given to Investments. Interest
allowed on deposits, subject to check at sight.
Harvey
Fisk
&
H.
L.
34 and 5 6
72 B roadw ay,
STO CK B R O K E R S .
Stocks, Bonds and Miscellaneous Securities bought
and sold fo r cash or on margin.
W . P . W ig h t ,
j . b . Cr e ig h t o n .
Memb. N.Y. Stock E xch .
A . B. Cl a f l i n , Spec’l
STO CK B R O K E R .
dLfansdale Boardman,
S E W Y O R K , 80 BROADWAY A 5 NEW ST.
T R O Y , N . Y . , NO. 17 FIRST STREET.
Meek
paejnbe
in private wires, al?faciliti??;
&
C o .,
York.
Special Attention Given to American
Securl
s.
Solicit A ccounts and Order for the Purchase and
8ale o f Bonds, Shares, Ac., Ac., on Commission, in
New York, Boston, Chicago, -, v . ,ien or Paris,
Interest allowed on deposits subject to drafts at
sight.
Members o f the New York and Boston Stock E x.
ohanges and o f the New York and Chicago Produce
Exchanges.
Private wires to Chicago, St. Paul, Boston, H art
ford, Buffalo and Utica.
W a l s t o n H . Br o w n .
Fred,
H e r b e r t P. Br o w n .
a
. Br o w n .
W alston H . Brown & Bros
B A N K E R S.
Accounts o f Corporations and Individuals received
upon Liberal Terms. Securities Bought and Sold on
Commission.
N o. 2 0 NASSAU S T R E E T ,
NEW YORK.
Sons,
2 8 N A SSA U S T R E E T , N E W Y O R K .
D ealers In United States Bonds and Other
Desirable Securities.
H orton
B R O A D W A Y , New
BARTH OLOM EW HOUSE, >T
BARTH OLO M EW LANE) J LONDON,
E Q U IT A B L E
BANKERS.
W . P. W ig h t & C o .,
6 3 ,3 6 0 ,0 0 0
N e w Y o r k , May 14,1887.
s Bank Is now opened fo r business. A ccoun ts
res
tfnlly solicited. The usual banking facilities
extended to customers!
Orders fo r purchase or sale o f securities will
receive careful attention.
Foreign Exchange bought and sold. Facilities for
keeping accounts in Sterling Exchange, subject to
draft in kind, will be afforded. The methods o f re*
ceiving such deposits and making payment against
them will be subject to arrangement.
Lombard Investment Co.,
$ 4 0 0 ,0 0 0
$ 6 0 0 ,0 0 0
Accounts o f Banks, Bankers and Corporations
solicited.
Our facilities fo r COLLECTIONS are excellent
and we re-diseount for banks when balances war
rant it.
Boston is a reserve city, and balances with ns from
banks (not located In other reserve cities) eount as a
reserve.
W e draw our own exchange on London and the
Continent, and make Cable transfers and place
money by telegraph throughout the United btates
and Canada,
Government Bonds bonght and sold, and exchanges
In Washington made for banks without extra charge.
W e have a market fo r prime first-class Investm ent
Securities, and invite proposals from States, Coun
ties and Cities, when issuing bonds.
W e d o a general banking business, and Invite cor
respondence.
S IL V E R .
GORHAM
S A FETY PAPER8.
A. D. SHEPARD, )
W. M. SMILLIE,
> Vice-Presidents.
T0UR0 ROBERTSON, J
TMEO. H. FREELAND, Sets’? and Traas.
„
C IT Y OF N E W Y O R K .
C A P IT A L .................................... -
IMPORTERS,
182 Broadway, Cor. John Street.
ENGRAVING AN D PRINTING,
W ork Executed In F irep roof Buildings.
LITHOGRAPHIC AND TYPE PRINTING.
R A IL W A Y TIC K E T S O F IM PR O V ED S TY LE S.
Show Cards, Labels, Calendars.
BLANK BOOK8 O F EVERY DESCRIPTION
JAMES MACD0N0UGH, President
Vice-Pres’c.
F. B l a n k e n h o r n ,
Cashier.
H . A . Sm it h ,
Assistant Cashier
OF T H E
E n g r av er s a n d P rin ter s o f
S A F E T Y C O LO R S .
President.
j. canda,
The Western National Bank
A lfred H . Smith & Co.,
B O N D S , P O S T A G E & R E V E N U E S TA M P S *
L E G A L T E N D E R A N D N A T IO N A L B A N K
N O T E S of the U N IT E D S T A T E S ; and for
Foreign Governm ents.
Y lth SPECIAL SAFEGUARDS t o PREVENT COUNTERFEITING.
Special papers m anufactured exclusively fo r
u se o f t h e Company.
n . Jo r d a n ,
Ch a r l e s
Reorganized 1879.
B A N E NOTES, SHARE C E R TIFIC A TE S, BONDS
FOR. GOVERNMENTS AND CORPORATIONS,
D R A FTS, CHECKS, B ILE S O F EXCHANGE,
STAM PS, A c., In the finest and m ost artistle style
FR O M S TE E L PL A T E S ,
STATES
ÎÇitxatxcial.
Incorporated under Laws o f State o f New York, 1858.
C A P IT A L ,
SURPLU S,
UNITED
NO. 1,180.
Ifitiattcial.
A M E R IC A N
Bank N ote Company
TO
THE
N E W YORK, FEBR U A R Y 4, 1888.
Îfitmîxciaï,
78
M AG AZIN E,
Mortgage Company.
Deposit accounts received and interest allowed on
MEMBERS N. Y. STOCK EXCHANGE.
Capital Subscribed....................... 6 2 ,0 0 0 ,0 0 0
Paid in (C ash ).........................1 ,0 0 0 ,0 0 0
D E B E N T U R E S ,
Douglas & Jones,
7 2 B roa d w a y.
. 1 3 N e w Street,
(Members o f the N. Y . Stock Exchange.)
Buy and sell Stocks and Bonds fo r cash or on mat
gin, ' Interest allowed on deposits. Correat ondene*
solicited.
JOHN F. DOUGLAS,
O f the lute firm o f Lawson, Douglas it Co
W IL L A R D H . JONES?
p g t i Of W.S.Lawson & Co., Member N.Y,StQ<3| I f g ,
Bearing 6 per cent, running ten years and based
exclusively upon W estern Farm Mortgages, held In
trust by the American Loan St Trust Company, o f
New York, fo r the benefit o f the bondholders. Their
safety, time to run and rate o f Interest make them
the m ost desirable investment now offered. A lso,
GUARANTEED FARM MORTGAGES.
OFFICES«
New York, 208 Broadway j Phila., cor. 4th&Chestnut
Court St,
I Kansas City, 7t h $ D el.S ff
Boston,
THE CHRONICLE.
ü
[V o l .
XLVI.
gjatx&jtxs nuA $x&xo&xs 0f jfoyjeiflt* Ifecfrangi.
^rexel, M organ & C o ., A u gu st Belm ont & C o .,
BAN KERS,
W IL L STREET, CORNER OP BBOAD,
NEW
¿Irexel & Co.,
YORK.
Drexel,Harjes &Co
5th & Chestnut Sts. 31 Boulevard Haussmann,
j il a d e l f h ia
P A R IS .
__
No. 36 W A L L S T R E E T .
ISSUE
travelers’
CREDITS, available in all
parts o f the W orld, through
R e e a n , N . M . R o t h s c h i ld Ac g o n e . L o n d o n .
«
d o R o t h s c h i ld B r o s ., P a r i s .
*'
HI. A . de Rothschild As Sons. Frank
fort o\m .
So 01. do Rothschild, Esq., Vienna.
DOMESTIC A N D FOREIGN BAN KERS.
n o u X t and «ofd’on com m lM io^ f i X ^ a K d cm
D eT ositl F o r e l ^ Exchange. C«“ mfeJrcla^ e d R S
Cable Transfers. Circular Letters fo r Travelers,
available In all parts o f the world.
Brown Brothers & C o .,
N EW YO RK , P H IL A D E L P H IA , BOSTON, AN D
A L E X A N D E R B R O W N & SONS,
BALTIM ORE.
Members o f New York, Philadelphia and Baltimore
Stock Exchanges.
E x scute orders fo r all Investment securities. R e
ceive accounts o f Banks. Bankers, Corporations ami
Firms on favorable terms. Buy and sell Hills o f Jfixf f i g e on Great Britain And „Irelan d, Prance,
Germany, Belgium, Hollahd, Switzerland. N orwav Denmark, Sweden. Australia, St. Thomas,
St CroU and British W est Indies. Issue Com
mercial and Travelers; Credits in Sterling. avaUante in any part o f the world, lh BKA^fOS for
use*lu Martinique and Guadeloupe, and
use In this country, Canada, M exico and. ^ “ £
U Make telegraphic transfers o f m oney between this
country, Europe and British and Danish W est In
dies. Make collections o f drafts drawn abroad on all
points In United States and Canada, and o f drafts
d?awn In the United States on^ r^ V ^ U T P l BY
Their London house, Messrs. BROWH, B H ir u n i
A CO., receive accounts o f American hanks, firms
end individual* upon favorable terms,
anuraoiviu
SH IPLE Y & CO., Liverpool.
BROWN; SH IPLE Y & CO London.
U. S. Government Financial Agents in England.
J. & J. Stuart & C o .,
J
83 NASSAU
STREET.
BILLS OF EXOHANGE ON
S M IT H ,
P A Y N E
&
SMITHES,
BANKERS, LONDON,
M ANCHESTER
&
COUNTY B A N K ,
“ LIM ITED,”
M ANCHESTER, P A Y A B L E IN LONDON!
ULSTER
B A N K IN G
C O M P AN 1,
B ELFAST, IR ELA N D
A N D ON THR
N A T IO N A L
BANK
OF
SCOTLAND,
EDINBURGH A N D BRAN CHES!
ALSO,
O VBLB TRAN SFERS AND LETTERS OF CREDIT.
J ohn M unroe & Co.,
N o . 8 » N a s s a u S tree t, N e w Y o r k .
N o . 4 P o s t Office S q u a r e , B o s t o n .
Issue Circular Letters o f Credit fo r Travelers’ Use
Abroad against Cash or Satisfactory
Guaranty o f Re-payment.
B t c h a n g e o n L o n d o n , P a r is , B e r l in ,
Z u r ic h a n d S t, G a ll.
C r e d it s Op e n e d
an d paym en ts m ad e b y cable.
John Patón
&
W illia m
S treet
N ew
Y ork.
D R A W ON
BRITISH LINEN CO. BAN K, LONDON AND
SCOTLAND.
______
J. & W . Seligm an& C o .,
BANKERS,
NO. 3 3 B R O A D S T R E E T ,
N ew Y o rk .
Commercial and Travelers’ Credits.
Bills o f Exchange.
Cable Transfers
gsm & ers
(500 ooo.
On 8ELIGMAN BROTHERS, London.
8ELIGMAN F R E R E 8 & CIE,Paris.
SBLIGMAN A 8TETTH EIM ER, Frankfurt.
ALSBERG, GOLDBERG A CO., Amsterdam.
A LTM A N A 8TE TTH EIM ER , Berlin,
Payable in any part o f Europe, Asia, A frica, Aus
_____ . .
tralia and America.
.
Draw uni« o f Exchange and make Telegraphic
Transfers o f M oney on Europe and California.
A L E X A N D E R B A R IN G .
Member N. Y . Stock E xch’ge
J. K ennedy T o d & C o .,
No. 68 WILLIAM STREET,
BANKERS.
and
ifr c & e m
John H . Davis &
J
C o .,
BANKERS AND BROKERS,
No. 10 W A L L
S T ., N E W Y O R K .
Orders fo r Stocks and Bonds executed at ail
EEspectanittention given to supplying high-class
IN V E S T M E N T S E C U R IT IE S .
Chrystie
&
Janney,
BANKERS,
Issue Letters of Credit for Travelers
j . K e n n ed y T od.
H . O. NORTHCOTB
su rplu s,
AGENTS,
TH E UNION B A N K OP LONDON,
Nos
2 3 a n d 2 5 N a ssa u S t ., N e w Y o r k ,
R eceive deposits subject to check at sight and
allow interest on balances.
Deal in Railroad bonds, State, County and Muni
cipal Securities.
Give special attention to consignments o f Bullion
and make liberal advances on same when desired.
W ood,
Huestis &
C o .,
31 PIN E STREET, NEW Y O R K ,
B A N K E R S AND BR O K E R S,
SUCCESSORS TO
A ot as Agents fo r Banks, Bankers and Railroa
Companies.
Issue commercial credits, also foreign and domestic
travelers’ letters o f oredit in pounds sterling A dollars
O ffer I n v e s tm e n t S ec u rities.
Buy and sell bonds, stocks and securities in all Am
erican, Canadian, British and Dutch markets on com
mission. Collect dividends, coupons and foreign and
Inland Drafts.
. __ *
Sell Bills o f Exchange on
WOOD
&
D A V IS .
E xecute orders in all securities listed at the New
York Stock Exchange. F or S ale:
■
’
f t r ^t (/l a s s R a il r o a d F ir s t Mo r t g a g e B o n d s .
GEORGEC! WOOD. C. H . H U E S l’IS. L. M. SWAN.
H ir a m
d e w in g .
Cl a r k h e w in g . F.T.B ontecou .
(Member o f N. Y . Stock Exchange.!
H.
D ew in g 6c Son,
an d b r o k e r s ,
N o . 1 8 W a l l S tree t, N e w Y o r k .
b a n k e r s
HOT^INtJUE’a^fe c f .» 8 * CO"} r A H .I S .
GEO. COPPELL.
THOS. MAITLAND.
G e r a l d L. H o y t , Member N. Y . Stock Exch.
Stocks and bonds bought and sold on commission.
Particular attention given to inform ation regard
ine Investm ent Securities.
, t-. .
.
lo w a Loan & Tust Co. 6 per cent Debentures
bought and sold.
Maitland, Phelps & C o . ,
B
A
N
K E
AND
COMMISSION
22
Sc 2 4
R
J. L .
S
ME R C H A N T S ,
Robertson,
B O N D A N D S T O C K B R O K E 8»,
Dealer in Investment Securities,
E x c h a n g e P la c e ,
Schulz & Ruckgaber,
CORRESPONDENT» OP THE
( 6,000 000.
B U Y AND SELL STERLING EXCHANGE, CABLB
TRANSFERS. ETC.
ISSUES COMMERCIAL CREDITS, A V A IL A B L E
IN A L L P A R T S OF TH E W ORLD.
Accounts and A gency o f Banks, Corporations,
firms and Individuals received upon favorable terms.
Dividends and Interest collected and remitted.
A ct as agents fo r corporations in paying coupons
and dividends; also as transfer agents.
Bonds, stocks and securities bought and sold on
commission, at the Stock Exchange or elsewhere.
Sterling Exchange and Cable Transfers bought and
sold.
BILLS OF EXCHANGE. LETTERS OF CREDIT,
TE LEG RAPH IC TRANSFERS OF MONEY ON
LONDON, PA RIS, MEXICO, CUBA, Ac., Ac.
I n t e r n a t io n a l B a n k o f L o n d o n
(L i m it e d ), L o n d o n .
M e s s r s . J o h n B e r e n b e r g .G o s s le r Sc C o .
H am bu rg.
M e s s r s . M a r c u a r d , K r a u s s A C o ., P a r is
c a p it a l ,
J. H. G0ADBY & ALEX. LAIBD,
16 EXC H AN G E P L A C E , N E W Y O R K
JESUP, P A T O N & CO.,
52
Canadian R an k o f Com merce.
C o .,
SUCCESSORS TO
Ne w Y o r k .
BANKERS,
Issued fo r the use o f travelers in all parts o f the
w orld. Bills drawn on the Union Bank o f London.
Telegraphic transfers made to London and to various
places in the United States. Deposits received, sub
je c t to check at sight, and interest allowed on bal
ances. Government and other bonds and investge n t securities bought and aold on oomTnIa.Ion.
AND THEIR CORRESPONDENTS.
P a r is H o u s e —M U N R O E Sc CO .
19 W IL L IA M S T R E E T , N E W Y O R K
BAN K ERS,
120 B r o a d w a y , E quitable Building, New Y ork.
L E T T E R S OF C R E D IT AND
C IR C U L A R NOTES
Draw Bills o f Exohange on, and make Cable Trans
fers to. England, France and Germany._____________
A T T O R N E Y S A N D A G EN TS O f ?
H e s s r s . J . S . M O R G A N & C O .,
No, 22 OLD BROAD STREET, LONDON.
KOUNTZE BROTH ERS,
No. 7 NASSAU STREET,
(C o a t in e n t a l
National Bank Building,)
N ew
Y ork.
W M . Y . C A E O L IN ,
C H A R L E S F . C O X.
Member N .Y Quick Exchange.
Carolin & Cox,
THE
IN VESTM EN T
CO.
o f Philadelphia.
310 C H E S T N U T
STREET
B a n k e r s a n d C o m m is s io n S lo c k B r o k e r s
NO. 55 B R O A D W A Y
Branch Office, 315 Madison A v.,cor. 42d St..h■ewYork
Deposits received subject to c h e c k a m f s e c u r t erest allowed on daily balances. All stocks ana secnr
ifielfdealt in at the N.Y. Stock Exchange bought and
sold on commission, fo r cash or upon margin.______ _
Capital, 8 4 ,0 0 0 ,0 0 0 . Full Paid.
T H E N EW YORK
Produce Exchange Bank.
CAPITA L , 3 1 ,0 0 0 ,0 0 0 .
Transacts a general banking business.
Receives accounts o f banks, bankers and corpora
lions upon favorable terms,
Issues certificates o f deposit bearing interest.
Makes loans upon approved merchandise.
Solicits mercantile and personal accounts.
p i l l « o f E x c h a n g e D r a w n o n th e City
B a n k , L im it e d , L o n d o n .
Circular Letters oi Credit issued tor
travelers’ use, and Commercial Credits
opened in Europe, A sia, South America
H djW est the Judies.
CONDUCTS A GEN ERAL BANKING BUSINESS
Allows interest on cash deposits, subject to check
or on Certificates.
Buys and sells Bills o f Exchange, drawing on
Baring Bros. & Co., London! Perier F reresetC ie.
Paris; Mendelssohn & Co., Berlin, and on Paul
Mendelssohn-Bartholdy, Hamburg.
Negotiates Securities, Railroad, State, Municipa
Offers fo r sale first-class Investment Securities.
W ILL IAM BKOCK1K, President.
W H A R T O N B A R K E R , Vice-President.
H E N R Y M. H OYT, JR., Treasurer.
E TH E L B E R T W ATTS, Secretary.
Board o f Directors—William Brookie, George a
Pepper, Morton McMichael, W harton Barker, H enrj
C. Gibson, T. W istar Brown, Isaac H . Clothier.
Advisory Committee o f Stockholders.—Wllliau.
Potter, George M. Troutman, Gustavus English,
William Pepper, M .D ., Thomas Dolan, John Q.
Reading, Joseph E. Gillingham, John Wanamaker
H e n r y E . Smith, Craige Lippincott, Hamilton
Disston, Clayton French, Francis Bawle, William
1W ood, W alter Garrett.
ames D . Simons,
(Formerly SIMONS & CHEW )
B A N K E R
Sc B R O K E R ,
i E x c h a n g e C o u r t <fc 5 2 B r o a d w a y , k . I .
*11 »oonriMes dealt in at N. Y . Stock Exchange
m n'ihtandsofd forCash or on Margin. Special atten
mn given investments. Correspondence solicited.
MemberN. Y. Stock Exchange.
Member N. Y. Produce Exchange.
St e w
art
B
STOCK
row n ’s
S q n ì4
BROKERS,
6 4 B r o a d w a y Sc 1 9 N ( W St.» Nf»w Y o r k ,
February
THE
4, 1888.]
OHKONLOLK
ÜJ
Wciuktxs and tr a ile r s iti fjtettr ^ o x h (Efttg.
F . M. L o c k w o od ,
T aintor & H o lt,
H . B . H ollins & C o .,
BANKERS,
BANKERS,
N o . 11 W a l l S t ., C o r. N e w , N e w Y o r k .
TRAN SACT a GE N ER A L BANKING business.
DEPOSITS received and IN TER E ST allowed on
balances.
Buy and sell GOVERNMENT, M U N ICIPAL and
R A IL R O A D Securities.
Private telegraph wires to Providence and Boston
18 W A L L a n d 3 N A S S A U S T R E E T S
NEW YORK,
Transact a General Banking Business.
DEALERS IN GOVERNMENT, M U N ICIPAL AND
R A IL R O A D SECURITIES.
DEMAND DEPOSIT ACCOUNTS RECEIVED.
INTEREST A LLOW ED ON D A IL Y BALA N CB 8
GILES E . TA ITO R ,
GEO. H . H O LT
G. D. L ’H U ILIER .
G eo. K . Sistare’s
Sons,
Harriman
W m. m . H a r r im a n ,
N ic h o l a s F is h .
Ol iv e r h a r r i m a n , J r .
1 6 & 1 8 B r o a d S tr e e t, N e w Y o r k ,
1 2 1 S o u t k T k l r d S tr e e t, P k l l a d e lp k l a ,
l
. Op p e n h e im .
Wa l t e r De l
)
b u il d in g
,
Simon Borg & C o .,
D E AL ERS IN
AT.T, K IN D S OP
Railroad and Investment Securities.
S o u t h e r n S e c u r it ie s
J. 8.
61 & 6 3 N e w S treet a n d 4 2 B r o a d w a y ,
B r a n c h Office , 91 L e o n a r d St r e e t ,
Sp e c i a l t y .
a
farlee.
R o b e r t D. F a h l e s .
A.
Dutenhofer,
BROKER,
AND
Dealer in Miscellaneous Securities
MILLS BUILDING (3d Floor,)
35 W ALL STREET.
Room s 25 & 26.
STATE AND C ITY BONDS OF GEORGIA, also
SECURITIES OF TH E CEN TRAL R R. & BAN K
ING CO. OF GEORGIA, A SPECIALTY.
Investors wishing to buy or sell are invited to call
or correspond. Prompt and personal attention
given to all orders.
(N o .
24
B R O A D
S T R E E T ,
N ew Y o r k .
BANKER AND BROKER.
A SPECIALTY.
State. Municipal and Railway Bonds and Coupons
bought and sold at best market rates. Investors or
dealers wishing to buy o r sell are Invited to communi
cate with us.
MnTr>h«r o f the New York Stock Exchange.
R olston 8c Bass,
NO. 20 BROAD STREET, NEW YORK.
STO CK S, BONDS,
A N D M IS C E L L A N E O U S S E C U R I T I E S
Correspondence solicited.
Quotations cheerfully furnished
W m . h . R o lsto n ,
W . A l e x . B a s s , Jr.
Member N. Y . Stock Exoh’ge.
No.
62
CEDAR
STREET.
In addition to a General Banking Business, Bay
end Sell G cvernLent Bonds end Investment Securi
ties.
j . H.O l i p h a n t *
BAN KERS AND BROKERS,
3 7 BROAD S T R E E T , N E W Y O R K ,
Members New York Stook Exchange, New York
Cotton Exohange, and Board o f Trade Chloago.
Green &
Bateman.
1 0 W a l l s tr e e t, N e w Y o r k .
Transact a General Banking Baalnese
Interest allowed on Deposits.
BANKERS AND BROKERS,
2 6 P IN E S T R E E T , N E W
YORK.
Ma lc olm Ca m p b e l l . Member o f N. Y. stock R xch.
e/hc/lll>iCd<)ew £(>o
BANKERS,
18
W ALL
STREET,
NEW
YORK.
W. H . D ic k in s o n ,
Ed w a r d P .
Member N. V. Stock Exohange.
Dickinson 8c A ilin g ,
Buy and sell at N. T . Stook Exchange, fo r IN
VESTMENT or on MARGIN, all classes o f Stocks
and Bonds, and allow Interest on deposits, subject to
shook at sight.
R . J. K im ball 8c C o .,
[Established In 1865.]
MEMBERS OP NEW YORK STOCK EXCHANGE.
BANKERS AND BROKERS,
A llow Interest on deposits subject to sight check.
Buy and sell on commission stocks and bonds either
fo r cash or on margin, and deal in
Investment Securities.
A . M. K id d e r ,
H . J. M o r s e ,
W ay lan d Tra sk ,
Ch a s . D. M a r v i n ,
a l l in g
BANKERS
AND
B R O K E R
N o . 3 0 P in e S tree t, N e w Y o r k .
Established 1 8 6 5 .
1 6 & 1 8 B r o a d S tree t, N e w Y o r k ,
Members o f tbe New York Stook Exchange and
the Philadelphia Stook Exchange.
Ro b e r t J. K im b a l l . A l t r k d B. L o u n s b e r b
H e n r y g . Ca m p b e l l , ) Members N. Y . Stook
J. B o r d e n H a r r i m a n , J
Exchange.
H . G . C am pbell & C o .,
ß o o c T t i*
A id b e fla n
&
B A N K E R S ,
5 7 Broadway, opp. Exchange Place, N. Y .
Branch Office, 2 4 1 L a Salle S t., Chicago.
TRAN SACT A GEN ERAL BANKING BUSINESS,
INCLUDING TH E PURCH ASE AN D SALE OF
STOCKS AN D BONDS FOR CASH OB ON M AR
GIN. BUY AN D SELL INVESTMENT SECURI
TIES. INTEREST A LLO W ED ON DEPOSITS
SUBJECT TO CHECK A T SIGHT.
P . 0 . B ox 447.
D. A. BOODY.
C. W . MoLKLLAN.
Re u b e n l e l a n d .
W m . f . L e s s l ie .
H e n r y T. B o o d y .
B A N K E R S AND B R O K E R S ,
9 New Street and 7 4 Broadw ay,
NEW
H a m ilto n
YORK
& Bishop,
BAN KERS AND BROKERS,
N o. » 6 B R O A D W A Y , N E W
YORK
(Members New York Stock Exohange.)
A ccounts o f Banks, Bankers and others reoelved
Interest allowed on balances. A strictly Commission
Business in the purchase and sale o f stocks and bonds.
Private Telegraph W ire to Albany,Troy, Syracuse,
Rochester, Utica, Buffalo, Cleveland and Chloago.
Draw on City Bank o f London In amounts to salt
Special attention given to Securities fo r investm ent
C . J. Turner 8c Son,
G ilm an, Son & C o .,
BANKERS,
Stocks and Bonds bought and sold on Commission.
Collections made and loans negotiated.
Dividends and interest collected.
Deposits received subject to Draft.
Interest allowed. Investm ent securities a specialty.
W e issue a Financial Report weekly.
Jos. C. W a l c o t t ,
) Members o f the New York
Fr a
y\ dtortwsow . i
Stock Evobanue.
Office o f the Pneumatlo Steering Gear A Mfg.Co.
Stocks, Bonds and Cotton,
Alexander Campbell & Co.,
John B. M an n in g,
N o . 1 4 W a l l S tree t, N e w Y o r k C ity ,
S O U T H E R N S E C U R IT IE S
Transact a General Banking Business,
BANKERS,
Y o u n g Sc N elson ,
3 6 W a ll Street, New Y o r k .
Goadby 8c Co.>
BANKERS AND BROKERS,
Stocks and Bonds Bought and Sold on Commission
for cash or on margin.
Special attention given to Unlisted Securities.
Deposits receivsd, subject to Check at Sight.
Correspondence solicited.
All stocks and securities dealt in at the New York
Stock Exchange bought and sold on commission, for
cash or on margin. Deposits received and interest
allowed on balances.________________________________
BON DS,
STATE, MUNICIPAL AND APPRO VE D R A IL
ROAD BONDS.
Co r r e sp o n d e n c e So l ic it e d .
N o . 6 W a l l S tree t, N e w Y o r k .
BANKERS AND BROKERS,
N o . 2 4 P in e S tree t, N e w Y o r k .
Lathrop, Smith & Oliphant,
BROKERS AND D EALERS IN
BANKERS AND BROKERS,
W . s . N elson
J, C . W a lc o tt & C o .,
L. C. L a t h r o p . Os c a r B. Sm it h ,
T ow nsend & W ashburn, W . H .
T. s. Y o u n g , J r .,
Member N.Y. Stock Exchange.
W e solicit orders fo r the purchase o r sale o f a y o f
the securities o f the
J NO. 7 N A S S A U S T ., N E W Y O R K ,
IN V E S T M E N T
CHAS. J. T o w n se n d ,
L a n s in g C. W a s h b u r n
Member N.Y. Stock Exchange.
J n o . P . T o w n se n d , Special Partner.
delphla and Baltimore.
J. S. Farlee 8c Brother,
NEW YORK.
7 5 O ld B r o a d S tr e e t, E . O ., L O N D O N .
C o u r t, N e w Y o r k .!
Private telegraph wires to Chloago, Boston, P hils,
on the Philadelphia or New York Stock Exchanges
E . L . Oppenheim & C o .,
(E STA B LISH E D 1862],
N o . 8 1 N e w Street a n d N o . 1 E x c h a n g e
P k lla d e lp k la 4c R e a d in g ; R R . C o .'
V
N o . 2 6 N A S S A U S T ., N E W Y O R K ,
m ar.
BANKERS AND BROKERS,
Crosm an,
BAN K ER S AND B R O K E R
BAN KERS A N D BROKERS.
All deposits subject to check at sight.
Ed w a r d
)
120 B roadw ay.
FIR ST-CLASS IN VESTM EN TS.
Particular attention to orders by mall Oi telegranr,
Co.
L ockw ood &
Cb o s m a n .
BAN KERS AND BROKERS,
E Q U IT A B L E
Connected by Private W ire with main office, Nee
York.
D EALERS IN
Buy and sell on Commission, fo r cash or on margin,
all securities dealt in at the New York stock E x
change.
Interest allowed on dally balances.
&
j . heron
BANKERS,
U N IT E D B A N K
B U IL D IN G ,
W a l l s tr e e t, e o r n e r B r o a d w a y .
STOCKS, BONDS dt COM M ERCIAL P A P E R .
Stocks and bin d s bought and sold On commission
at New York Stock Exchange. Advances mfede on
business paper and other securities.
16 Years’ Membership in th e N .Y. Stock Exohange
BANKER
AND
BROKER,
16 A 18 BROAD ST., NEW YORK.
Transact a general banking business, including
the purchase and sale o f stocks and bonde tor cash
e r Ok HW gbh
1.1.
B H iaw lH T ii) 1—--itrm- j,i. ^
THE CHRONICLE
It
© u m
J g rttst tä a m p z u i& s .
U n ion T rust
OF N S W
YORK,
- - - - - -
f 1 * 0 0 0 ,0 0 0
II7 R P L U V - - - - - $ » , 5 0 0 ,0 0 0
Authorized to act as Executor, Administrator
Guardian, Receiver, or Trustee, and is
A LE G A L DEPOSITOR5T FOR MONEY.
Accepts the transfer agency and registry_of stoohs,
and acts as Trustee o f mortgages o f
*
Allows interest on deposits, which m»y
any time, and withdrawn on five days ^ t i c e , with
interest for the whole tim e they remain with the
°°For the' convenience o f depositors this
also opens current accounts .subject, to accorda n t
with its rules, to check at sight, and »gow s interest
upon the resulting daUy balances. 8uch checks pass
cu o u g h the Clearing House.
TRUSTEES:
ffm . Whitewright,
James M. McLean,
H en ryA . Kent,*
Ambrose C.Kingsland,
R. T. W ilson,
James H . Ogilvie,
W m . F. Russell,
8. T. Fairchild.
C. D. W ood,
L H . Frothingham,
James N. Platt,
George A . Jarvis,
D. C. Hays,
0 . V anderbilt,
Wm, A lex. Duer,
A . A . Low,
Charles H. Leland,
G. G. Williams,
Edward King,
R .G . Remsen,
B. B. W esley,
Edward Schell,
D. H . Mo Alpin,
Amasa J. Parker
Georsre B. Carhart,
Samuel F. Barger,
Chauncey M. Depew,
Geo. 0 . Macroun.
H Van Rennselaer Kennedy.
E XECU TIVE COM M ITTEE:
Wm. Whitewright,
G. G. Williams,
James McLean,
B. B. W esley,
Geo. C. Magoun,
C. D. W ood .,
,
D. C. Hays,
A . C. Kingsland.
E D W A R D KING, President,
JAM ES M. MCLEAN, First V ice-Pres’t,
JAM ES H . OGILVIE, Second Vice-Pres’ t.
A . O RONALDSON, Secretary.
A . W . K E LLE Y , Assistant Secretary.
U nited States Trust C o.
OF N E W YORK,
No. 49 W A L L S T R E E T .
Capital and Surplus,
§ 7 ,0 0 0 ,0 0 0
This company is a legal depository fo r m oneys
paid into court, and is authorized to act as guardian
0 l t r ^ T E R E S T A LLO W E D ON DEPOSITS,
which m a y b e made at any tim e and withdrawn
after five days’ notice, and will be entitled to inter
est fo r the whole time they may remain with the
company.
„
Executors, administrators, or trustees o f estates,
and females unaccustomed to the transaction o f
business, as well as religious and benevolent institu
tions, will find this company a convenient deposit
ory fo r money.
JOHN A . ST E W A R T , President,
GEORGE BLISS, Vice-President,
JAM ES S. C LARK, Second V ice-P res’t
TRUSTEES:
W ilson G. Hunt, H . E. Lawrence, W illiam Libbey,
Clinton Gilbert, Isaac N. Phelps, John C. Brown,
Daniel D. Lord, Erastus Corning, Edward Cooper,
Samuel Sloan,
S. B. Chittenden, W .B ay’rdCutting
James Low,
JohnH .Rhoades, Chas. S. Smith,
W m. W . Phelps, Anson P. 8tokes, W m .Rockefeller,
D. W illis James, Robt.B.M lnturn, A lex . E. Orr,
John J. A stor,
Geo. H . Warren, W m .H .M acy, Jr.
John A . Stewart, [George Bliss,
H E N R Y L . TH ORN ELL, Secretary.
LOUIS G. H AM PTON , Assistant Secretary.
The Mercantile Trust Co.,
EQU ITABLE BUILDING, N EW YO RK .
C a p ita l, ^ 2 ,0 0 0 ,0 0 0
A LE G A L DEPOSITORY FOR COURT AND
T B C 6TFU N DS AN D FOR GE N ER A L DEPOSITS
UPON W H ICH IT PA YS
L IB E R A L R A TE S
OF IN T E R E S T '
FROM T H E D A T E OF DEPOSIT U N TIL TH E
D A T E OF W IT H D R A W A L .
T H E COMPANY ALSO B Y L A W ACTS AS
EXECUTOR, A DM IN ISTRATOR, GU ARD IAN ,
REC E IVE R A N D TRUSTEE, AS FISCAL AND
TR A N SFE R AGENT, AND AS R EG ISTR AR OF
STOCKS A N D BONDS.
EXCEPTION AL R ATE S A N D FACILITIE S A R E
OFFERED TO RELIGIOUS AN D BENEVOLENT
INSTITUTIONS AND TO EXECUTORS OR TRUS
TEES OF ESTA TE S.
TRUSTEES:
LOUIS FITZG E R A LD , President.
JOHN T. T E R R Y ,
)
H E N R Y B. H YD E.
> Vice-Presidents.
E D W A R D L. MONTGOM ERY,)
Hen ry a . H urlbut,
Jam es m . H a l s t e a d ,
H e n r y G . m a r q u a n d , B r a y t o n Iv e s ,
R u s s e l l Sa g e ,
W h it e l a w R e id ,
H e n r y m . A l e x a n d e r , F r e d . l . A m es ,
Sid n e y D illo n ,
J a m e s St o k e s ,
N o r v in Gr e e n ,
Jam es W . A l e x a n d e r ,
John w . H unter,
G eo rg e l . R iv e s ,
Henry d a y ,
a . l . De n n is ,
J. H a m p d e n R o b b ,
B. f . R a n d o l p h ,
A u s t in i o r b jn ,
Jo h n j . m oc oo k ,
R ic h a r d I r v in g , J r ., E l b e r t b . M o n r o e ,
T h o m a s T. E c k e r t ,
E d w a r d A . Q u in t a r d ,
E d w a r d f . W in slo w
W m . h . Slocum ,
T h o m a s Ma i t l a n d ,
W il l ia m l . Stro n g .
MARCELL US HARTLEY
H ENRY C. DEMMING, Secretary and Treasurer,
.
Cl i n t o n
hunteh
. Assistant Sesretary.
Ifin a tijc ia l.
b a u t e s .
Com pany American Loan & Trust Co., H ouston & Texas Central
73 Broadway, eor. Rector St., N. Y.
C A P IT A L , -
[Voi* X L V I
118 BROADWAY, NEW YORK.
R A I L W A Y R E O R G A N IZ A T IO N
C a p it a l, F u l ly P a id , - - - - $ 1 ,0 0 0 ,0 0 0
T H IS
COMPANY TRANSACTS
A
GEN ERAL
LOAN, TRUST & FIN AN CIAL BUSINESS.
R eceives m oney on Deposit, subject to check, and
allows interest on balances.
A ll Checks pass through the Clearing House.
Makes Investm ents o f Money, acts as Executor,
Administrator, Guardian, Trustee, etc.
Also, as Registrar and Transfer Agent.
A n authorized Depository fo r Court and County
Treasurers’ Funds.
R OW LAN D N. H A Z A R D , President.
GEORGE S, H A R T , Vice-President.
JAMES S. THURSTON, Secretary.
NOTICE.
N e w Y o r k , Dec. 80,1887.
Under an agreement entered into this date between
certain security holders o f the H ouston & Texas
Central Railway Company, the Southern Pacific Com
pany, and the Central Trust Company o f New York,
the undersigned has been appointed a “ Purchasing
Trustee,” with power to perform the duties therein
set forth and to reorganize the above railway on the
following basis;
DIRECTORS:
John L. Macaulay,
John I. Blair,
Edward F. Browning,
Rowland N. Hazard,
George S. Hart,
W m . B. Dinsmore,
P eter W yckoff,
Thomas L. W atson,
Jules Aldige,
Granville P.
John D. Kimmey,
John Ross,
Ira Davenport,
Alexander G. Black,
Èiias C. Benedict,
William P. Anderson,
James S, Thurston,
George A , Evans.
W allace C, Andrews,
Hawes.
THE
Real
Estate Trust
Co
OF PHILADELPHIA,
No.
1340 C h e s tn u t S tre e t.
C A P IT A L ,
-
- __ -
-
-
§ 5 0 0 ,0 0 0
Receives deposits o f m oney payable by check and
allows interest thereon; also receives fo r safe
keeping securities and other valuables, and
rents safe deposit boxes in burglar-proof
vaults.
ecelt» ©s Trusts o f every description, acting as
executor, administrator, assignee, etc., and
executing surety fo r the faithful perform ance
o f any trust or office.
A cts as A gent or A ttorn ey fo r the sale or manage
ment o f real estate, and insures titles to real
estate and mortgages.
OFFICERS:
President—F R A N K K . H IPPLE .
Secretary—W IL L IA M R . P H ILLE R.
Treasurer—W IL L IA M F, NORTH.
Real Estate Officer—THOM AS B. PROSSER,
DIRECTORS:
George Philler,
Frank K, Hippie,
Edward T. Steel,
Henry C. Gibson,;
Charles W . Henry,
Lem uel Coffin,
John F. Betz,
Beauveau Borie,
Thomas Dolan,
W illiam M. Singerly.
R . Dale Benson.
John Wanamaker,
Solicitor—GEORGE JUNKIN.
PLAN.
New Securities to be Issued upon Reorgan
ization o f the New Company.
First Mortgage 50 Year
5 per Ct. Gold Bonds,
Equal in amount
to the present
outstanding 1st
INTEREST GU ARAN TEED B Y
m ortg’ge b’nds.
TH E SOUTHERN PACIFIC I
COMPANY.
J
Consolidated Mortgage 6
Per Ct. Gold Bonds,
TO M A TU RE 1913. INTEREST
GU ARAN TEED
BY
TH E
SOUTHERN PACIFIC COM
PANY.
General Mortgage 4 Per
Cent Gold Bonds.
TO M A TU RE 1921. IN TEREST
G U ARAN TEED B Y SOUTH
ERN PACIFIC CO.
Equal in ain’t to
tne present out
standing Con
sols (both class
es), including
1,149 bonds held
by the General
Mort. Trustee.
Equal in amount
to present out
standing “ Gen
erals,” m clud’g
the 946 bonds
hypothecated.
6 Per Cent Debenture 1
Equal to threeBonds,
quarters o f ac
crued interest
TO M A TU RE 1897. PRINCI- [ on present Con
sols,
P A L AND IN TEREST G U A R
ANTEED B Y SOUTHERN I
PACIFIC CO.
J
4 Per Cent Debenture
Bonds,
TO M A TU RE 1897.
PRINCI
PA L AND IN TEREST GU AR
ANTEED B Y SOUTHERN
PACIFIC CO.
J
STOCK,
Equal to twothirds o f ac
crued interest
on p r e s e n t
Generals.
$ 10,000,000
P R ESE N T S E C U R IT IE S.
The
U n ion Trust C o .,
611 AND 613 CHESTNUT STREET,
P H IL A D E L P H IA .
Authorized Capital.......................................... 11,000,000
Paid-up Capital................................................ 500,000
A cts as Executor, Administrator, Assignee, etc.
and executes trusts o f every description known to
the law.
All trust assets kept separate from those o f the Com
pany.
Burglar-Proof Safes to rent at $5 to $50 per annum.
W ilis kept In vaults without charge.
Bonds, Stocks and other valuables taken under
guarantee.
Repository fo r Western Mortgage loans, bearing 6
and 7 per cent interest. Principal and interest guar
anteed.
Money received on deposit at interest.
J. SIMPSON A F R IC A , Pres.; J. G. READING, V - P .
MAHLON S. STOKES, Treasurer & Secretary.
WM. H . PRICE, Trust Officer.
DIRECTORS.
J.SimpsonAfrical A lfred S.Gillett, Joseph Wright,
C.P.Tumer, M.D. Wm. S. Price,
John T. Monroe,
W . J. Nead,
Thos. R . Patton, J. G. Reading,
W m. H . Lucas, D.H.Agnew,M .D Jos. I, Keefe,
Rob’t Patterson, Theo. C. Engel, Jacob Naylor,
Thos. G. H ood, Edw’d L.Perkins, William W atson,
Harry W . Moore,
Dr. George W . Reily, H a r r i s b u r g , Pa.; Henry S.
Eckert, R e a d in g : Edmund S. Doty, Md tflin to w n ;
w . W . H . Davis, D o y l e s t o w n ; R . E. Monaghan,
W e st Ch e s t e r .
T h e Brooklyn Trust C o .,
Cor. o f Montague and Clinton Sts.,Brooklyn, N.Y.
C A P I T A L (all in U. S. Bonds) - § 1 , 0 0 0 , 0 0 0
This company is authorized by special charter to
act as receiver, trustee, guardian, executor or adminIt can* act as agent in the sale or management o f
real estate, collect interest or dividends, receive re
gistry and transfer books, or make purchase and sale
o f Government and other securities.
Religious and charitable institutions, and persons
unaccustomed to the transaction o f business, will
find this Company a safe and convenient depository
for money, R IP L E Y ROPES, President.
EDMUND W .CORLIBS, Vice-Pres’t.
TRUSTEES.
Josiah O. Low,
E. F. Knowlton, H ’y K. Sheldon,
A lex. M. W hite, John T. Martin, C. D. W ood,
A . A . Low ,
Fred. Cromwell, W m .H .M ale,
A lex. McCue,
John P . R olfe,
Ripley Ropes,
Mich’l Chauncey, E. W . Coriles.
Abram B. Baylis,
Wm. B, Kendall, [H .B .P ierrepont, H . W , Maxwell,
J a m e s R o s s Cu r r a n , Secretary.
F r e d e r ic k C. Colton ,.A sst. Sec’y. a I
FIR ST MORTGAGE BONDHOLDERS to receive
the par o f their bonds in new first mortgage bonds,
$50 bonus upon deposit o f their bonds, and $140 ac
crued interest in cash when new securities are issued.
CONSOLIDATED MORTGAGE BONDHOLDERS
are to receive the par o f their bonds in new consolidat
ed mortgage bonds, and fo r accrued interest $180 in 6
per cent debentures. UPON DEPOSIT OF T H E IR
BONDS T H E Y W IL L BE R EQ U IR E D TO P A Y
$7 50 P E R BOND TO D E F R A Y T H E EXPENSES
AND COMPENSATION OF T H E IR COMMITTEE.
G EN ERAL MORTGAGE BONDHOLDERS and
holders o f Farmers’ Loan & Trust certificates fo r
the same, are to receive the par o f their bonds in new
eneral mortgage bonds and fo r seem ed interest
120 in 4 per cent, debentures. UPON DEPOSIT OF
T H E IR BONDS OR EXCH ANGE OF T H E IR
PRESENT TRUST CERTIFICATES T H E Y W IL L
BE REQUIRED TO P A Y $7 50 PE R BOND TO
D E F R A Y TH E EXPENSES AND COMPENSA
TION OF T H E IR COMMITTEE.!
OUTSTANDING STOCK will be allowed to par.
ticipate In the reorganization upon payment o f an
assessment; theiamount o f which and the tim e fo r
payment is hereafter to be declared by the purchas
ing Trustee.
f
Copies o f the agreement above referred to may be
obtained at the office o f the Central Trust Com
pany, 54 Wall Street.
, _
A ll bondholders and holders o f Farmers’ Loan &
Trust Company’s certificates fo r general mortgage
bonds are requested to deposit, without delay, their
bonds and certificates with the Central Trust Com
pany, 54 W all Street, AND M A Y DO SO U P T0|AND
INCLUDING FEB. 10, 1888.
Negotiable certificates will be issued and proper
steps fo r listing the same upon the Stook Exchange
will be taken without delay.
‘
.
A m ajority o f the general mortgage bonds and a
large number o f the other classes have already been
deposited.
CEN TR AL TRUST COMPANY OF N EW Y O R K ’
Purchasing Trustee,
By
By F. P. OLCOTT, President.
T he undersigned committees respeotfully recom
mend acceptance by all the bondholders o f the above
m entioned reorganization agreement.
Dated Ne w Y o r k , Jan. 13,1888.
A L B E R T S. ROSENBAUM,
W IL L IA M H . POMROY,
JOHN F. PATTERSON .
Committee o f Consolidated Bondholders
H E N R Y BUDGE, o f Hallgarten & Co.,
W IL L IA M MERTBNS, o f L . Y on Hoffman Sc Co.,
THOM AS L. MANSON, JR., o f Chas. H ead Sc Co ,
FREDERIC T A Y L O R o f Frederic Taylor Sc Co ,
H . K. POM ROY o f Pom roy Bros.,
W IL L IA M J. QUINLAN, JR.,
H AS. ROBINSON SMITH,
Committee of General Mortgage Bondholders
Ï'E B R U A R Y
1'HE CHRONICLE
4, 1888.]
fffitxatxjcial.
Ifittatucial.
TO TH E H O LD E R S OF
SUBSCRIPTION
Wabash
,
FOR
East of the Mississippi Hirer.
0 00,000
Illinois Central Railroad Co.
4 PER CENT GOLD BONDS 'OF 1952.
SECURED BY A DEPOSIT OF 5 PER CENT FIRST MORTGAGE GOLD
BONDS NOT EXCEEDING $20,000 PER MILE OF
COMPLETED RAILROAD.
Interest Payable Sem i-Annually on A pril 1st and October 1st.
April 1 , 1 9 5 2 , in New Y o rk .
T O TAL, ISSUE, F IF T E E N M IL L IO N
The undersigned and their agents and correspond
ents in Europe offer fo r subscription
$ 5 ,0 0 0 ,0 0 0
OP TH E
ABOVE
BONDS
(B A R T
OF A
A T iO O li E R R CENT,
V ii.: $ 1 , 0 0 5 fo r one $ 1 , 0 0 0 bohd, to be paid for
On April 1,1888, or at purchaser’s option before that
date under discount at the rate o f I per cent per
annum; if paid fo r b efore the bonds are ready, the
company’ s certificates will he given, exchangeable
fo r bonds about April 2.
The $15,000,000 bonds are to he secured by a Deed
Of Trust from the Illinois Central Railroad Com
pany to the United States Trust Company o f New
Vork, transferring and pledging to said Trust Com
pany 5 per cent First Mortgage Gold Bonds not ex
ceeding $20,000 per mile on 850 miles o f com pleted
failroad o f various subsidiary railroad companies,
o f the total par value o f $ 1 6 , 3 5 0 , 0 0 0 .
The Illinois Central Railroad Company states the
follow ing in a letter to us, dated Jan. 25,1888:
“ Share capital............................................ $10,000,000
“ (This is exclusive of the earnings of the
Dubuque & Sioux City and of the Iowa
Falls A Sioux City Railroad Companies
from Oct. 1 to Dec. 81, $503,317 63.)
“ A s security fo r its $15,000,000 4 per cent G old
Bonds o f 1952,the Illinois Central Railroad Company
will pledge 5 per cent Gold Bonds issued by sub
sidiary corporations and secured by First Mortgages
on 860 miles o f com pleted standard gauge railway,
issued at a rate o f not exceeding $20,000 per mile, as
follow s i
Bonds to be
“ Railroads.
Miles.
Deposited.
“ Canton A berdeen & N ashville.. 88
$1,750,000
“ Yazoo & Mississippi V alley........ 140
2,800,000
“ Chicago Havana & W estern...... 131
2.500.000
“ R a n to u l......................
76
1 , 000,000
830,000
“ Cedar Rapids A Chicago........ .
42
“ Cherokee & Dakota.......................155
3.100.000
“ Chicago Madison A N orthern ...219
4,370 000
$16,350,000
“ Aggregating........................... 850
“ Interest on which will amount to, an
n u a l l y .................. ..................................
817,500
“ W hile the interest on the $15,000.000
“ Illinois Central 4 per cent bonds o f
“ 1952, to be issued against these
600,000”
“ pledged bonds, will amo uni t o ...........
The subscription will be opened at 10 o ’clock on
F E B R U A R Y 7 , and may be closed without notice
at any time thereafter, the right being reserved to
reject any applications and to award a smaller
am oynt than applied for.
$10,000,000
A simultaneous Issue o f these bonds will be made
in L O N D O N by Messrs. S P E Y E R B R O T H
E R S , in F R A N K F O R T - O N - M A I N b y M R .
LA56. S P E Y E R E L L I S S E N , and in A M S
TERDAM
by
M E S S R S . B O IS S E V A IN
B R O S , and M E S S R S . T E I X E I R A
DE
M A T T O S . B R O S . Administration Office o f
Am erican R. R. shares.
Form o f Bond and Certificate may be inspected and Prospectuses and Forms o f application can be
obtained at the office o f
N e w Y o Bk , Feb. 3,1388.
MILLS
T L L IN O IS
C E N T R A L R A I L R O A D CO
SCRIP.
Holders o f certificates o f “ Illinois Central Railroad
Company Scrip fo r subscription to Capital Stock,
issued in compliance with resolutions adopted bv
the stockholders at a special meeting held June 17,
1887,” are hereby reminded that no dividends can be
declared or paid thereon. Such Scrip Certificates
must, in order to be entitled to dividend, be con
verted, at the Company’s office in New York, into
certificates o f Capital Stock before the 8th day o f
February, 1888, when the transfer books will be
closed.
A .G . H A CK STAFF,
.
A cting Secretary.
New York, Decem ber 22,1887.
T
h e
l a k h
, sh ore
& M ic h ig a n
SOUTHERN R A IL W A Y CO.—TREASURER’S
Of f ic e , Gr a n d Ce n t r a l D e p o t , n e w Y o r k , Dec.
80,1887.
The Board o f Directors o f this company have this
day declared a dividend o f TW O P E R CENT upon
the capital stock, payable at this office on Wednes
day, the 15th day o f February next. The transfer
books will be closed at S o ’clock P. M. on Friday,
the 13th day o f January next, and will be reopened
on the morning o f Monday, the 20th day o f February
next.
E. D. W ORCESTER, Treasurer.
& CO.,
BUILDING.
JL
A S AGENT OF TH E F A R M E R S ’ STATE
Y a . Bank o f Augusta, Kansas, I offer fo r sale bonds
in amounts under and over one thousand dollars,
secured by first mortgage on Improved farms,
situated exclusively in Butler County, Kansas. They
bear seven per cent Interest, payable semi-annually
in New York, the prompt payment o f which is guar
anteed by the bank, by indorsem ent upon each
bond, and mature in three and five years. Corre
spondence solicited.
H E N R Y A . CROSBY, A gent Farmers’ State
Bank, R oom 505, Mutual L ife Building.
I L L I N O I S C E N T R A L R A I L R O A D CO*
X
51st SEM I-ANNUAL CASH DIVIDEND.
From the net earnings o f the year ended Dec. 31,
1887, the Directors have declared a semi-annual
dividend o f T H R E E AN D ONE H A LE PE t CENT
in cash, payable March 1, 1888, to ¡stockholders of
the Illinois Central Railroad Co. as registered at
the close o f business February 8th, 1888. The
annual meeting o f stockholders will be held March 14,
1888. The stock transfer books will be closed fo r the
urpose o f the above dividend and o f the stockolders’ meeting, from the close o f business on
February 8th until March 15th, 1886.
A . G. H ACK STAFF, A cting Secretary, 1
g
CYRUS J. LAW RENCE,
H . K . M cH A R G ,
T H O S . B . A T K IN S ,
JO H N T . T E R R Y ,
F . N. L A W R E N C E ,
NEw YORK, January 21,1888.
Bondholders'
Committee,
Cedar Falls & Minnesota BR. Co.
4,901,007 84
“ From 1866 to 1887, inclusive, the cash dividends
on Illinois Central stock have aggregated $49,713,877, being a yearly average o f 8*18 per cent on the
amount o f stock outstanding at the tim e the several
dividends were declared.
SPEYER
1
I Purchasing
SDi;:'iV r i ^ iESi/ 0” " “ -
DOLLARS.
$31,926,000
“ Total F I X E D C H A R G E S (in“ eluding Interest, guarantees, sink“ ing funds, taxes, &c.), Estimated
“ fo r the year 1887................................ $2,332,415 08
Actual fo r the year 1886.............. .
2,833,947 98
“ Estimated gross earnings from tra fflo fo r twelve months ending Dec.
“ 31,1887................................................ 12,988,025 91
J A M E S F . JO Y,
T. H. HUBBARD,
**Bonded Debt Illinois Central Railroad
“ Company.............................................. .. 18,926,000
The $5,000,0o0 bonds now offered are to be o f $1,000
“ Chicago st. Louis & New
and $500 each, and to bearer, with provision fo r
“ Orleans B o n d s ........ ........ $18,000,000
registration at the option o f the holder, as set forth
“ Less owned by Illinois Cen“ tral Railroad Company
in the bond.
“ and pledged to secure
Interest and principal are payable In New York In
“ bonds, included in above
“ $18,926,000 .......................... 5,000,000— 13,000,000 gold coin o f the United States.
Illinois Central Railroad Company
“ 4 per cent Leased Line Stock (is“ sued in exchange for and to secure
" which the capital stock o f the Chi“ cago St. Louis & New Orleans Rail
road Company Is held) .....................
The large amount o f mortgage bonds deposited In
the Central Trust Company assures, in the opinion
o f the undersigned oommittees, the suooess o f the
reorganization plan o f N ov. 21, 1887; but as the
engraved negotiable certificates o f the Trust Com*
pany will not be ready until January 25th, the tim e
fo r further deposits has been extended to February
6,1888.
A ll bonds deposited after that date will be subjeot
to a penalty o f 2 per cent upon the par value thereof.
Pamphlets giving details o f the plan o&n he ob
tained at the Central Trust Company, No. 54 W all St.
Principal Payable
“ Estimated N E T E A R N I N G S from
“ traffic fo r the same p e rio d ..............
T O T A L IS S U E O F 9 1 5 ,0 0 0 ,0 0 0 )
Mortgage Bonds
H olders o f Cedar Falls & Minnesota Railroad 7
per cent bonds are requested to deposit their bonds
with the Mercantile Trust Company, No. 120 Broad
way, fo r which negotiable, receipts will be given
and sign the bondholders’ agreement.
LOUIS F ITZG ER A LD ,
CH ARLES T . WING,
FR ED ERICK W . FOOTE,
SIMON BORG,
CH ARLES W E H R H A N E ,
Committee.
It Is Important fo r their own inform ation and
security that bondholders o f the Cedar Falls Sc
Minnesota Railroad Company should call without
delay on
LOUIS FIT ZG ER A L D , Chairman.
No. 120 Broadway.
The Undersigned heartily concurs In the plan o f
the Bondholders’ Committee, and urges all the
bondholders to deposit their bonds without delay.
J. KEN N ED Y TOD, President.
Canadian Pacific R ’y C o .
D IV ID E N D N O T IC E .
The half-yearly dividend upon the capital stock o f
this company, at the rate o f TH R E E (3) PE R CENT
per annum, secured under agreement with the Gov
ernment o f the Dominion o f Canada, will be paid on
Feb. 17 next to stockholders o f record on that date.
Warrants fo r this dividend payable at the agency
o f the Bank o f Montreal, 59 Wail Street, New York,
will be delivered on and after Feb. 17 at that agency
to stockholders who are registered on the Montreal
or New York registers.
Warrants o f European shareholders, who are on
the London register, will be payable in sterling at
the rate o f four shillings and one penny half-penny
(4s. l^ d .) per dollar, less incom e tax, at the Bank o f
Montreal, 22 Abchurch-Lane, London, and will be
delivered on or about the same date at the office o f
the company, 88 Cannon Street, London, England.
The transfer books o f the company will be closed
in London at 3 o ’clock P. M., on Friday, January 18,
and in Montreal and New York at the same hour on
Thursday, Jan. 26, and will be re-Opened at 10 o ’clock
A . M., on Saturday, the 18th o f February next.
By order o f the board,
C H A R L E S D R IN K W A T E R ,
Offic e of t h e Se c r e t a r y ,
Secretary.
M o n t r e a l , Jan. 2.1888.
Ch ic a g o & A lto n R a il r o a d Co m p a n y , ?
Ch ic a g o , ill., Feb. 1,1888. j
■\ rO T T C E . — A Q U A R T E R L Y D IVIDEN D OF
I n TW O DOLLARS P E R SH ARE has this day
been declared on the preferred and com m on stock
o f this company, payable on the FIRST D A Y OF
M ARCH next to stockholders o f record at the close
o f business hours on the 15th inst.
The dividend on shares registered In New Y ork
will be paid at the office o f the com pany’s agents,
Messrs JOHN PA TON & CO., No. 62 W illiam
Street, New York, and the dividend on shares regis
tered in Chicago will be paid at the office o f the
Treasurer o f the company.
C. H , FOSTER, Treasurer.
1 'H E
X
SOU TH ERN R A IL W A Y
COMPANY,
T r e a s u r e r ’ s Of f ic e ,
G r a n d Ce n t r a l D e p o t ,
„
N e w Y o r k , Dec. 30,1887. .
T H E BOARD OF DIRECTORS o f this company
have this day declared a dividend o f ONE AND
ON E-QU ARTER P er Cent upon its capital stock,
payable on W EDNESDA Y, the 15th day oz February
next, at this office.
The transfer books will be closed at 3 o ’clock P . M.
on Friday, the 13th January, and will be reopened
on the morning o f February 20,1888.
A l l Y n COX, Treasurer.
1 'H E
CANADA
M IC H IG A N C E N T R A L R A I L -
i
R OAD CO.—T r e a s u r e r ’ s Of f ic e . G r a n d
Ce n t r a l St a t io n , N e w Y o r k , Dec. 30, 1887.
The Board o f Directors o f tnis company have this
day declared a dividend o f TW O P E R CENT Upon
its capital stock, payable on W ednesday, the 15th
day o f February next, at this office.
The transfer books will be d o se d at 8 P. M. on Fri
day, the 13th January, and will be reopened on the
morning o f Monday, the 20th day o f February next.
H E N R Y P R A T T , Treasurer.
THE CHRONICLE.
*1
[V o h . n m
.
I fiw a tijc ia l.
^ fin a n c ia l.
F IR S T M O R TG A G E
I
S
S
U
E
SIX
PER
$ 7 ,1 4 4 ,0 0 0
St. Louis & San Francisco Railway C o
GENERAL MORTGAGE 5 PER CENT BONDS.
DUE
JULY
1,
CEN T
BOYDS
OP THE
Kansas C ity W ater C o .
DUE 1 9 0 7 . P A Y A B L E AFTER. 1 8 9 4 .
Interest May 1 and November 1.
1931.
C E N T R A L T R U S T COM PAN Y OF N E W
PRINCIPAL AND INTEREST PAYABLE IN GOLD.
Coupons Payable January 1 and July 1, at the Company’s Office In New York
Y O R K TRUSTEES.
The Bonds are Secured by Mortgage to the United States Trust Co., Trustee.
P r in c ip a l o f B o n d s S u b je c t to rt. g t s tr a tio n
B O N D S IS S U E D IN
DEN» w
a
toy E n d o r s e m e n t
CIO N O F
$ 1 ,0 0 0
EACH.
TH E A'RO V E I8SUE DOES NOT INCRE 4 SE
The above bonds were reserved and are now
issued to provide fo r the retirement and cancel the com pany’s bonded debt, but an annual
lation o f a like amount o f outstanding S o u t h saving o f $71,445 in interest paym ents is
_ „
P a c if ic F ir s t M o r t g a g e 6 P e r Ce n t B o n d s , effected thereby.
U pon the paym ent o f the “ South Pacific
due July 1,1 888 , which latter are secured b y a
prior m ortgage on main line (293 miles) from Bonds, the General M ortgage becom es the second
lien on the above-mentioned 293 miles (now
Pacific to Seneca.
The general m ortgage is now a first lien on covered b y the South Pacific M ortgage), sub
35 6-80 miles o f road and equipment and on the je ct only to the prior lien in favor o f $5,666,500
valuable real estate in St. Louis, and is also a o f “ A ,” “ B” and “ C” Bonds.
Statement of operations o f the com pany (De
second lien on 326 miles o f other roads, upon
w hich there exists prior indebtedness at the rate cember estimated) for the current year, 1887:
Of ONLY ABOUT $13,000 A M ILE. No more
bonds can be issued except to take up or provide
1886.
Increase.
1887.
fo r prior lien bonds.
182
878
Previous Issue, $7,739,000 6 per cent General A v’ge mileage oper’d.
1,060
M ortgage
Bonds
(whereof $12,000 Gross earnings............. $6,216,000 $4,874,628 $1,341,372
615,967
have already been Operating expenses... 2,665,000 2,049,033
retired).
$3,551,000 $2,825,595 $725,405
«
«
5,000,000 5 per cent General Improvements & txs.
126,737
173,263
300,000
M ortgage Bonds.
$3,251,000 $2,652,332 $598,668
Net earnings.
Present Issue,
7,144,000
15,380
175,000
Other income.
T he works have cost over $ 1 , 0 0 0 , 0 0 0 , and the
com pany supplies with water the m etropolitan dis
trict o f KANSAS CITY, MISSOURI and KANSAS
containing a population o f o v e r ‘4 0 0 , 0 0 0 . A first
m ortgage for $ 9 0 0 , 0 0 0 has been placed upon th e
property, real estate, franchises and privileges o f
the company,and $ 5 0 0 , 0 0 0 are offered fo r sale, the
balance being reserved fo r future needs. The works
are operated by the N ATIO N AL W A T E R W ORKS
COMPANY, under a contract providing that the net
revenue per year shall not be less than $ 5 4 , 0 0 0 , a
sum equal to the interest upon this entire loan.
P r ic e , P a r a n d A ccrn e d In te r e s t,
Subject to advance without notice.
T A IY T O R & H O L T ,
No. 11 W A L L STREET,
Corner o f New Street.
159,620
$19,883,000
$3,426,000 $2,811,951 $614,048
N ow Reserved, 10,117,000 against prior lien Interest, sinking f ’ds,
bonds.
179,037
2,185,335 1,956,298
$30,000,000 being the total o f
$1,290,665 $855,654 $435,011
gen’l mort. bonds.
250,000
315,000
565,000
Dividends.
Ail the bonds issued under the General Mort
$725,665 $540,654 $185,011
gage are equally and ratably secured without
any preference or i riority m any respect.
Since 1881 the Company has paid fourteen
As the com pany’s bonded indebtedness, prior
to the lien o f the General M ortgage is paid, consecutive dividends at the rate o f 7 per cent
under operations o f Sinking Fund or otherwise, per annum on its First Preferred Stock ($4,500,the security fo r these bonds steadily increases 000), and in October, 1887, paid a semi-annual
and the General M ortgage w ill becom e A FIRST dividend at the rate o f 5 per cent per annum on
$10,000,000 Preferred Stock.
LIEN.
The undersigned having purchased the above $7,144,000 5 per cent General M ortgage Bonds
from the Company offer fo r sale $4,000,000 at the price o f 101 *2 per cent and accrued interest.
Subscription to close Tuesday, February 7,1 888 , at 3 o’clock P. M.
A simultaneous emission will be made in Berlin b y the Berliner Handellsgesellschaft, thu
securing fo r the bonds an international market.
A pplication already made fo r listing o f the Bonds at the New Y ork Stock E xchange and
abroad, where like Bonds are now quoted.
The right is reserved to advance the price without notice, and to reduce or reject applica
tions tendered.
Q u in cy Railroad C o .
N EBRASKA EXTENSION,
F O U R P E R CENT BOYDS,
One M ay 1» 1 9 4 7 .
Sinking fund to purchase annually 1 per cent o f
whole issue at limit o f HO and Interest, but no
drawing o f bonds or compulsory retirement.
fo r sale b y
A U G U ST B E L M O N T & CO.,
3 6 W a ll Street.
K I D D E R , P E A B O D Y & CO.,
1 Nassau Street.
Fifth A venue H o te l,
M a d is o n S q u a r e , N E W Y O R K .
The Largest, Best A ppointed and Most Liberally
Managed H otel In the City, with th e Most Centra,
and Delightful Location.
HITCHCOCK. DA R LIN G * CO.
.T. & W. SELIGMAN& CO.
Bible H o te l,
2 3 W a l l St r e e t , N e w Y o r k , F e b . 3 , 1 8 8 8 .
AM STERDAM , HOLLAND.
Beautifully situated in the centre o f the city, close
Cincinnati
Indianapolis
St. Louis
&
Chicago
R ailw ay C o .
F IF T Y -Y E A R
FOUR
pu r
C O N SO L ID A T E D
cen t
P R IN C IP A L
M ORTGAGE
go ld
PAKABLB
bonds
1 9 3 6 .j
Interest Payable Quarterly on First Days o f February, May, August and
SNovember.
The entire interest charge is now $160,000 per an.
Having made a contract with the Cincinnati InfUoriRnolis st. Louis & Chicago Railway, to convert num, and when the conversion is com pleted will
its outstanding Divisional and Consolidated Bonds be but $100,000 per annum.
The reports o f the Company show the follow ing
into a fb u r P er Cent General First M ortgage FiftyYear Gold Bond, and the conversion being about statement o f earnings:
1685.
1886.
1887.
two-thirds completed, we are prepared to offer the For the yr. end- 1881.
ingJune30......
$
$
$
$
new fou r per cent bonds fo r sale.
Gross earniugs.. 2,114,300 2,194,795 2,520,934 2,752,803
The principal o f the bonds is payable in United Oper. expenses
States gold coin o f present standard o f weight and
and t a x e s ...... 1,595,400 1,660,1811,540,062 1,611,611
fineness, and cannot be com pulsorily redeem ed until
maturity: the interest is payable in like gold coin,
Net earnings.. 818,900 834,614 986,8721,111,192
free from all taxes under the laws o f the United
The net earnings fo r the six months ending Dec,
States.
31,1-87, were $583,114-71.
The conversiou o f the outstanding bonds will not
The Company, in addition to mortgaging its rail
road, equipment, real estate, and other property increase the pi esent. funded debt, as the Company
(on all o f which this issue will becom e a first lien as pays the premium in cash on the old bonds as fast
soon as the remainder o f the divisional and consoli as they are retired.
Divisio al bonds will be exchanged upon a 4 per
date!, bonds are converted or retired), has deposited
W fch ti.« Trustee o f t»is m ortgage as additional cent basis.
c __y the new bonds at 95 and accrued interest,
jcu rlty fo r tuese bonds, 4>x5,o±i.,ouv in bonds, and
$2 406 125 in stocks o f various lines o f railroad a »d recommend them as an investment o f un
doubted security.
.p ’erated bv it andjform ing.partlof itsjsystem.
DREXEL, MORGAN
& CO.,
to the Railway Station and the Exchange. Firstrate cooking. Excellent wines. Moderate prices.
W . P . W E R K E R , Manager.
M assasoit
House,
S P R IN G F IE L D , M ASS.
T H E BEST A P K « K T E D H O M E IN » E S T E R *
Convenient fo r the tourist or business man. Near
Union D epot.
w . H . CHAPIN.
Spencer
Trask &
C o .,
BANKERS <k BROKERS,
16and 18BroadStreet, N
. V.
Albany, N.Y.
Providence, R I.
Saratoga,
Transact a General Banking Business.
Special attention given to Investment
Securities.
Direct Private Wires to each office and t©
PHILADELPHIA,
BOSTON,
WORCESTER,
H U N T 'S
MERCHANTS’
M AGAZIN E,
REPRESENTING THE IN D U S T R IA L A N D COMMERCIAL INTERESTS OP TH E U N ITED STATES*
SATU RD AY, FEBRU AR Y 4, 1888.
YOL. 46
C O N T E N T S .
T H E CHRONICLE.
Clearing H ouse R e t u r n s ....... 143 Great B dtain in 1 8 37............... 151
The Financial Situation............144 R eview o f Prices in January.. 153
N ew Y ork City as a R ailroad
United States Treasury State
m ent................
154
Builder......................................146
D3bt Statement fo r Ja n u a ry.. 154
Northern P acific’s Earnings
Imports and E x p o r ts ................. 155
and F inan ces..........................146
European Cotton Consumption 147 M onetary ana Commercial
English N ew s.......................... 155
Missouri Kansas & Texas . . . . 143
Cotton Consumption and Over
Commercial and Miscellaneous
N ew s.......................................... 156
land M ovem ent....................... 149
T fe c
© h r e r a tle .
Terms o f Subscription—Payable In Advance :
For One Y ear (including p osta g e )..................... ................. $10 20
F o r Six Months
do.
................................... .
6 10
European Subscription (including posta g e)........................ 11 28
Annual subscription in London (including postage)......... £ 2 7s.
Six Mos.
do
do
do
. . . . . . £ 1 8s.
L o n d o n A g e n ts t
Messrs E d w a r d s & Sm it h , 1 Drapers’ Gardens, E . C., w ho w ill take
subscriptions and advertisem ents and supply single copies o f the paper
a t Is. each.
iviTTTiiu tj Turn ( W I L L I A V I B , D A N A A C o ., P u b lis h e r s ,
1 0 2 W i l l i a m S tree t, N E W Y O B K .
JOHN G. FLOYD.
}
POST 0 p F IC B f c o x 9 5 3 ,
— 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. Trenholm. Previous
returns were published—-those for October 5 in the C h r o n i c l e
of December 3, page 732 ; those for August 1 in the issue of
October 15, 1887, on page 507.
CLEARING
HOUSE
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 m ay, therefore, be 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
review.
NO. 1,180.
Week End’g Jan. SI.
Week EnMng Jan. 28.
1888.
New Y ork .......................
Sales of—
(,Stocks...............shares.
(C o tto n ............... hales.
(G ra in ..........bushels.
(Petroleum............bbls.
B oston........ .
P roviden ce..
H a rtford ....
New H aven.
P o rtla n d ....
W orcester..,
Springfield..,
Low ell..........
T otal New England.
Philadelphia.
P ittsb u rg .....
B altim ore....
T otal Middle.
Chicago...........
Cincinnati.......
Milwaukee ...
D etroit............
Indianapolis..
Cleveland.......
Columbus.......
Peoria.............
O m aha..........
Minneapolis...
Denver............
St. Paul...........
Grand Rapids.
W ichita...........
Duluth*...........
Topeka*..........
Total W estern.
St. L ouis.......
St. J osep h ...,
New Orleans.
Louisville ...
Kansas C ity..
M em phis.., .
G alveston....
N orfolk..........
1887.
$
P. Cent
1888.
P. Cent.
540,457, 339
701,859,881
—21*7
675,909,158
-14*8
(888,242'
(415,700
(22,700,500)
(30,854,000)
(1,977,344) (—55-1)
(439,000) (-5*3)
(22,141,tOO) (+26)
(16,746,000) (+138*0)
(904,080)
(733,000)
(18,630,225)
(54,942,000)
(-61*7)
82,869,901
5,681.900
1,814,618
1.421,245
1,050,398
1,116,374
1,277,061
621,505
+ 0*1
+100
+4*8
+4*0
+ 8*6
+25*0
+31*7
+18*2
76,686,243
4,644,800
1,681,107
1,129,510
716,904
868,680
816.148
517,651
77,842,161
3,956,700
1,509.029
1,079,248
856,735
900,360
782,939
421,483
—1*5
+17*4
+ 8*0
+4*7
—16*3
—3*5
+11*3
+ 22*8
(+78*5)
(—28*8)
(+ 88*6)
86,991,133
87,299,550
—0*4
95,653,002
+ 1*8
57,276,630
11,965,034
10,533,664
53,866,212
9,069,344
12,275,265
+7*3
+ 20*0
01,896,579
11,767,424
12,183,911
—0*0
—14 "
+14*0
—17*2
79,775,328
75,610,821
+5*1
85,847,914
—5 5
49,681.061
10,339,050
4,096,407
8,976,546
1,941,817
2,785,719
2,094.387
1,602,385
2,617.279
2,611,582
2,065,940
2,787,890
508,491
716,476
1,171,476
360,985
43,633.436
10,249,550
3,914,427
2,845,461
1,344,202
2,042,740
1,060.114
1,014.684
2,255,932
2,304,724
1,482,950
2,769,460
419,574
1,895,000
+13*1
54,468,644
11,013,350
3,700,380
4,230,420
2,000,005
+12*5
+5*5
—9*0
+22*5
+49*2
+6*4
+57*9
+160
+9*0
+39*3
+0*7
+ 21*2
—62*2
2,590,178
1.301,760
2,680,141
3,094.196
2,440,286
8,57d,«2ö
+35*1
+80*7
+20*7
+11*5
+ 21*0
+17*8
+495
—58*8
87,725,030
79,041,344
+ 11*0
95,767,384
+ 11*2
15,540,361
1,275,315
11,190,905
5,812,470
6,323,975
2,420,440
1,083,134
914,478
16,323,030
1,109.819
10,305,510
4,820,905
6,059.715
2,508.85'
1,165,580
795,627
+1*4
+9*1
—7*1
+14*9
16,527.464
1,461,802
14,220,849
6,031,616
7,001,674
2,169,600
1,270,941
1,075,660
- 0*2
—3 0
+21*7
-j-38'7
+01
—15*3
—24*9
+ 21*0
■+0*1
+4*(
+89*8
+44
—5*3
-j-8'6
+Ö00
+4*4
—3*6
S,120,Hi9
748,825
634.534
1,278,384
248,506
—3*9
Total Southern...
44,561,087
42,148,549
+5*7
50,359,606
+7*9
San Francisco.........
12,305,360
13,154,507
—0*5
14,870,204
+ 22 2
T otal all................
860,814,977
999,114,712
—18*8
918,407,353
-8*8
311,357,988
Outside New York.
* N ot included in totals.
297,254,831
+4*8
342,408,200
Our usual five-day telegraphic returns of exchanges have
been received this evening, and the total for the seven cities
exhibits an increase over the corresponding five days of las
week of about seventy-five m illions of dollars. In comparison
with the similar period of last year there is a loss of 6*2 per
cent. On the basis of these telegraphic returns the estimate
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
Compared with the corresponding week of 1887, ten cities to-night as 279 (247 in the United States and 32 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 W ichita. In the whole
Week Ending Feb. 4.
Week End’g Jan. 28
country the decrease reaches 13 *8 per cent, and outside of New Returns by Telegraph.
York the increase is 4*8 per cent. The most note worthy gains
1888.
1887.
P. Cent.
1888.
P. cent.
have been— at Peoria 57*9 per cent, Indianapolis 44'4, Detroit
$
*
%
New Y ork........................ 511.350,356 568,441,508
- 1 0 0 454,078,220
-23*1
39’8, Denver 39*3, Lowell 22‘8 and Grand Rapids 21 2 per cent Sales o f Stock (shares)....
(774,669)
(1,505,526) (-48*6)
(682,718) (-60*1)
Contrasted with the week of 1886 there is a falling off of Boston..............................
73,067,722
00,525,291
+9*8
64,957,248
+2*6
52,828,409
50,660,654
+4*8
49,372.847
+8*7
about 3’2 per cent, but compared with 1885 the excess reaches Philadelphia...................
9,649,286
18,804,538 -8 0 .1
1Baltim ore........................
9,035,627
-8*5
fully 32 per cent.
46,642.000
43,508,000
+7*2
Chicago............................
42,088,000
+14-6
14,548,054
18,747,980
+5*8
The dealings in shares on the New Y ork Stock Exchange St. Louis...........................
10,007,022
New Orleans...................
9,304,050
+7*6
for the week cover a market value of $46,698,000, against
Total, 5 days. .......... 718,099,449 705,092,921
-0*2
$108,844,000 for the corresponding Week a year ago. Follow
Estimated 1 day .......
136,804,287 130,191,752
+0*5
ing our usual plan of deducting two and-a-half times these
Total full w e e k ... .
854,903,786 902,184,673
-5*1
values from the New York exchanges to arrive at clearings Balance Country*........... 102,148,675 91,000,750 +12*2
having other origin, the result reached is $432,712,039 this year,
T otal week, all......... 057,052,411 993,185,423
-3*6
against $442,249,881 in 1887* or a loss qf 2*2 per cent
* For the fall weak, based on last week’s retains«
13,056,503
10,105,442
+0*1
+25*4
643.293,887
127,228.482
-le k
-1 3-4
770,522,360
90,437,228
-15*8
+0*6
860,959,507
—13*8
144
THE
CHRONICLE.
THE FIN AN CIAL SITUATION.
The ease in money, which has been the feature of the
market since the beginning of 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-£ to 5 per cent on the same grade of security for
from four to six months.
Philadelphia is a large lender
in this market on stock collateral, while Boston is a
borrower on properties extensively dealt in at that centre.
The rates for commercial paper are again lower in
consequence of the increasing demand from all
quarters.
W e quote 60 to 90 days endorsed bill8
receivable 4£ per cent, four months acceptances 4 f@ 5 £
per cent, and good single names having from four to
six months to run at
@ 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 l£@ l-£ per cent, and the open
market rate at Berlin at I f @ I f per cent. Paris is still the
dearest centre, 2 f @ 2 f 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
“ altered relations in which the Bank now stands to the
“ market. Formerly it was the leader, whereas now too
‘‘ often it has to be the follower.*’ The Bank of England
gained £81,000 bullion during the week, due, as a special
cable to us states, to an export chiefly to the Continent of
£137,000 and to a receipt from the interior of Great
Britain of £218,000.
Our exchange market has been heavy the past week
all through. It declined a half cent on Tuesday and
another half cent yesterday.
This downward movemen^
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 Heidelbach, Ickelheimer & Co. and
issued by ihe 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
banker estimates that within the last six weeks
40
millions of
American securities have
been
placed
at
home
and
abroad,
and
of that
amount a very considerable portion has been taken by
Europe. It seems as if now any reasonable amount of
money was obtainable on railroad issues. For weeks also?
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
W all Street in that way. A ll these facts point to new
activity in railroad building this spring. It is just as we
stated two weeks ago in this column) that the difficulty in
getting money was the influence that stopped work and
Cut plans short so abruptly. A ll 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 wee£, is the holdings of the depositary
[V
o l
.
XLVI.
banks. They 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.
17. S. Treasurer’s
net holdings of
July 1,
1880.
July 1,
1887.
December 1
1887.
Jan. 1,
1888.
February 1,
1888.
G old.................. $156,793,749 $186,875,669 $211,880,526 $208,608,130 $202,955,184
Sliver................
96,229,539
73,348,425
51,759,939
45,294,753
48,156,850
U. S. N otes......
22,868,317
20,013,797
16,318,220
15,424,425
18,015,469
Bank N o te s ....
149,014
197,046
118,403
164,093
96,714
Frac’nal Silver*
29,282,496
27,094,192
24,208,274
25,133,590
24,383,290
In Sub-Tr’sur’s 1305,323,115 $807,529,129 $304,285,362 $293,874,691 $294,857,807
In deposi’y Bks
14,435,199
22,991,302
42,428,671
52,199,918
59,372,968
Grand t o ta l.... $319,758,314 $330,520,431 $346,714,033 $346,074,609 $353,730,775
* Including m inor coin.
N ote .—Trade dollar bullion, o f which the Treasury now holds $6,660023, w e take no account of, as silv ei bullion is not currency, and Works
X? c^ nge *n
o f tbe circulation, whether it is in or out of
the Treasury, w e include, however, in each case the small item o f silver
bullion incorporated in the Treasury statement o f net silver holdings,
since if w e changed the official figures it m ight confuse some readers.
As the bullion so carried is generally about 5 m illion dollars, o r ’ ess,
including it does not affect the com parison 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. A s 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 SubTreasury. 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. W e 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 has
never been pursued. A ceitain 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
Febbuary 4, 1888.]
THE CHRONICLE.
145
in bonds. He could not telegraph to sell a bond when an the Milwaukee & St. Paul has built to Kansas City, and
emergency arose for funds for any of the numerous offices the Atchison has likewise built a line between Chicago
he fills, and it would be foolish to hamper him by legal and Kansas City. W est of the Missouri new lines are to
restrictions in any way. First, stop the accumulations; be met with everywhere, and competition is very fierce.
second, make provision for getting'out the surplus already It is only when we bear these facts in mind, and remem
in; third, after these obstructions are removed, let us see ber also that every Western State Commission is doing its
what cash balance Mr. Fairchild thinks he requires for utmost to add to the demoralization, and that east of the
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.
The ruling idea in certain quarters at Washington are at work. W e suppose that sooner or later the whole
seems to be that all the country needs to make it uninter matter will be arranged, but it will not be very easily
ruptedly prosperous is more circulation, so some of our accomplished.
The stock market has been dull and irregular, without
egislators are seeking in every way they can to give it to
us. This is the notion which underlies the proposition decided movement in prices either way. There have been
in Mr. Breckinridge’s bill, referred to above, and also ne developments of consequence affecting values, except
another feature of the same measure which provides that the continued cutting of rates in the Northwest, and this
one-half the legal tender reserve be put in bonds. Even has latterly made the granger stocks rather weak. The
if there were no other objection to the propositions for strike of the Reading miners gives signs of breaking up>
thus “investing” these funds, it would be sufficient to urge but the effect on prices has been inappreciable. The truth is,
that the practical effect would be to raise the price of the fluctuations continue to be made almost entirely by the
Government bonds to such an extent that as an “ invest- professional traders, who operate in a small way on both sides
“ ment” the venture might be decidedly unprofitable. of the market. So long as Congress does not take action
W ith 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
nature, and might perhaps be attempted, if for no Western roads is also a bar to speculative activity. The
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 Y ork banks.
now supplied by silver coin, and hence as the one form of
Received by
Shipped by
N et Interior
Week ending February 3,1888.
subsidiary money passed out of the Treasury, the other
N . 7 . Banks. N . T. Banks.
Movement.
would pass in.
By taking action at once, Congress
$449,000 Gain. $1,983,000
12,433,000
100,000 Loss.
100,000
might, before the end of its session, have the opportunity G old................................... .”..................
$549,000 Gain. $1,883,000
Total gold and legal tenders. . .. $2,432,000
of providing the Treasury with new storage facilities for
The above shows the actual changes in the bank holdings
the silver money its fractional currency had forced back
of
currency and gold caused by this movement to and
on the Government.
from
the interior. In addition to that movement the banks
The difficulty in maintaining rates in the Northwest and
have
gained
$100,000 through the operations of the SubSouthwest seems to increase with each succeeding week
Treasury.
Adding
this item to the above, we have the
Hardly a day passes but that some new reduction is
following,
which
should
indicate the total gain to the New
announced, and it is almost impossible to keep track of
Y
ork
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
City, between Chicago and St. Louis are totally demoral
Week ending February 3,1888.
In to Banks. Out o f Banks. N et Change in
Bank Holdings.
ized is by this time an old story. But the area of dis
$2,43
,000
Banks’
Interior
Movement,
as
above
$549,000
G
aln..»l,883,000
turbance seems to be widening rather than lessening. This
5,500,000
5,400,000 Gain.. 100,000
week the Eastern trunk lines have been made a party to
T otal gold and legal te n d e rs.... $7,932,000
$5,949,000 Gain..$l,983,000
it. The Minneapolis Sault Ste. Marie ¿c Atlantic having
The Bank of England gained £81,000 bullion dur*
completed its line between Minneapolis and the Sault, has
in connection with the Canadian Pacific and the W ater, ing the week. This represents £218,000 received from
town & Ogdensburg and Ontario & Western been taking the interior of Great Britain and £137,000 sent abroad.
freight to the seaboard at lower rates than the sum of the The Bank of France shows an increase of 5,450,000 francs
tariffs via Chicago, and this of course necessitates action gold and of 1,925,000 francs silver. The Bank of Germany
not only on the part of the Chicago-St. Paul lines but the has gained 6,560,000 marks. The following indicates the
amount of bullion in the principal European banks.
trunk lines as well.
The Sault Ste. Marie road is a free lance, and will be
February 3,1887.
February 2,1888.
Banks o f
difficult to manage. But it is only one of a large number
Gold.
Silver.
Total.
Gold.
Silver.
lota l.
of new lines in the territory west of Chicago, all of which
£
£
£
£
£
£
21,418,846 21,428,978
21,428,978
are responsible for the present situation of affairs. The England......... 21,418.848
France............ 44,107,768 47,481,703 91,589,471 48,726.927 45,677,463 94.404,390
difficulty dates back to the building of the Chicago Bur Germany....... 21,217,490 18,815,510 40.033.000 19,362,490 17.170,510 36.583.000
A ust.-H ung’y 6.910.000 14,578,000 21.488.000 6.480.000 14,005,000 20.485.000
lington & Northern to St. Paul. That line has been a Netherlands..
4.109.000 8,216,000 12.325.000 5.254.000 8.151.000 13.405.000
2.664.000 1.332.000 3.996.000 2.739.000 1.370.000 4.109.000
Nat.
Belgium .
disturbing factor ever since. Then there is the Minnesota
859.000 8.223.000
National Italy 6.983.000 1.118.000 8.101.000 7.364.000
& Northwestern also running between Chicago and St.
T ot. this week 107,410,104 91,541,213 198,951,317 111,355,395 87,238,973 198,388,368
Paul, and the most independent of all. A t the same tim e1 Tot.prev.w ’k. 106,919,173 91,295,008 198,214,181 110,612, •9 86,902,426 197,514,495
146
THE CHRONICLE.
[V O L . XLTV V
9
merely the selling price for its credit. W h y could not
we sell that— if it is deemed wise to enter upon that kind
of business— without being compelled to take such an
elephant as a railroad system in payment. Is it not better
by all means to let those who build the road keep it, and
C on sistin g o f —
if—
after all that has been claimed to the contrary in times
D ale.
D u ties.
%
S ilver C er
C old
U. 8 .
C old.
past— the franchise is really worth nothing, and we wish
tifica tes.
O ertiflc’s.
N otes.
$46,000 to sell the city’s credit for so desirable an object, why not
$56,000
$231,000
Jan. 2 7 .
$4 000
$338,481 95
28,000 let the city be paid 2 per cent for the 35 years and 5 per
41,000
2,000
177,000
“ 28 .
248,091 76
51,000
“ 30 .
1,500
81,000
370,000
508,015 52
That wil I
49,000 cent forever after on the amount of the loan.
57,000
1,000
690,000
797,362 26
“ 31 .
55,000 be a perfectly clean operation.
F eb. 1 .
3,500
69,000
369,000
496,320 04
And if our creditors do
78,000
464,000
594,108 36
2,000
48,000
«
2.
not default— there is that risk the market price of which
Total. $2,982,379 89
$14,000 $352,000 $2,301,000 $310,000
is assumed by the mayor to be just 2 per cent— we can
Included in the above payments were $8,500 in silver pay off our whole city debt in case we make the loan large
coin, chiefly standard dollars.
enough.
The Assay Office paid $136,998 through the SubTreasury for domestic bullion during the week, and the
Assistant Treasurer received the following from the Cus
tom House.
N E W Y O R K C IT Y A S A RAILRO AD BUILDER.
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.
A t the same time the proposals are merely tentative,
and the Mayor himself desires them to be so considered.
W e 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 those 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 Y ork Central Railroad the building
and conducting of the road for thirty-five years. Bat old
men know that thirty-five years make a very brief period,
and when that period has passed and the lease has expired
— what then? W ould it be well to put 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
- aure 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 that 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
ordinary railroad routine, only think of the new voting
power which would come under official control and the
labor contests and strikes our aldermen would have t©
settle. City work may 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
take the other view, that the lease be offered to the highest
bidder, say every twenty-five years. Does any one think that
a Democratic or Republican administration, whichever
might be in control, would lease those roads, with all
their votes, to a highest bidder who waB not of their own
stripe of politics ? W e are so uncharitable as to fear that
it would not.
A nd 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
N ORTHERN
P A C IFIC 'S EA R N IN G S AND
FINANCES.
W e are 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 this respect.
As previously pointed out in these columns, the outlook
for this and other properties in the same section of the
country has undergone a decided change for the better
in recent months. But what makes a comparison of earn}
ings and charges especially useful just now is the fact that
the company’s debt, both direct and indirect, is being
increased, and it is important to know what is to be the
effect on income of this increase. The issue of the new
third mortgage is of course familiar to our readers. But
besides that in providing an adequate and comprehensive
system of branch roads, the total obligations are of neces
sity being further added to, though some of the branches
are being constructed on quite advantageous terms
to the company. Of course, the increase in charges as
the result of this 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
extension of the Manitoba being 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.
W e 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 buildiDg the Cascade line and of constructing
the branch system. For the period under review (July I
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
quite 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.________________________
July 1 to December 31.
1887.
1886.
1885.
1884.
Miscellaneous....................................
6,700,592
2,232,504
189,998
149,477
74,584
2,893
$
5,262,480
1,098,617
174,196
146,389
60,612
2,091
$
4,843,664
1,572,149
172,016
129,503
25,338
2,453
$
4,576,295
1,775,427
119,192
128,956
28,849
Operating exp en ses..........................
8,407,165
4,275,530
7,312,294
3,372,168
6,743,270
3,102,289
6,627,719
3,268,150
N et....................................... .
4,131,5*5
8,970,126
3,640,981
3,359,569
8,277
t
February
THE CHRONICLE
4,1886.]
Thus in the three years from 1884 to 1887 gross earn
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
about 25 per cent. In the same interval the number of
miles of road operated has grown from 2,453 to 3,277 miles,
or about one-third, mostly through the construction of
branch roads. Hence earnings have increased nearly as fast
as mileage, which is a very rapid and promising rate of
increase, as new branch additions are not infrequently
and for a considerable time operated at a loss ; this, too,
has been accomplished in the face of the appearance of
new competitors and the reduction in rates. W hat is
particu7arly gratifying, however, is that the improvement
in the late half year was largest in the closing months.
Thus of the $1,064,871 increase in gross, $853,556 was
made in October, November and December, and in the
case of the net the increase in these months was $282,319,
against $161,459 for the half year, there having been a
decrease in the earlier months. It is to be noted, too,
that in the case of gross at least the gain has continued
through January, 1888, the increase for that month being
reported as $84,965, notwithstanding the interrup
tions from snow and cold weather this year.
W ith reference to the charges, there has, as already
said, been an increase.
It has not been particularly
striking, reaching $226,555, yet the gain in the net having
been small, it leaves the surplus somewhat less than in the
six months of the previous year. But in 1886 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.
Six Months Ending Dec. 31.
Northern Pacijlc HR.
N et earnings............... .........
Fixed charges—
Rentals—
St.JPaul & No. P acific...
St. Paul & Omaha..........
Manitoba R oad.................
Minn. U nion............ ........
No. Pacific T erm ..............
Branch R oads......................
T a xes.....................................
Funded debt interest.........
General interest..................
Sinking fu n d s .....................
T o t a l...............................
R em ainder.........................
1887.
1886.
$
4,131,585
$
3,970,126
338,798
1,070
11,033
22,321
84,236
413,735
165,875
2,281,234
827,825
1,059
10,790
22,454
34,056
868,125
153,951
2,196,040
a
1885.
1884.
$
8,640,981
$
3,359,569
299,413
1,031
10,716
22,342
33,696
316,500
140,794
2,163,727
256,127
10,355
*10,529
25,377
87,615
158,825
2,025,324
63,539
22,562
101,459
29,406
27,367
3,369,761
3,148,206
3,010,011
2,660,283
+76i,824~
+826,920
+680,970
1' +699,28«
* F or three m onths.
W e have 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
«overs the dividend certificates which for December 31
are given at $4,279,626. Altogether, the increast in the
direct debt for the six months is a little over four million
147
dollars. The following gives the various items of the
debt at each of five semi-annual periods; also the total of
preferred stock at the same dates, and the amount o
supplies on hand.
Am ount Outstanding. Dec ,31 ,’ 87 June 30,’87 Dec. 31, ’86 «7Mtie30,’86 Dec 31, ’851st m ortgage b on d s... * 46,878,000 46,878,000 45,028,000 44.028.000 44,028,000
2d mortgage bonds....... 20,000,000 20,000,000' 20 , 000,000 18.857.000 18,857,000
4,650,000
3d mortgage bonds.......
Mo.Dlv.&Pend d’Or’iile
4,041,500 5,191,500 5,260,500 5.351,500 5,423,500
4,279,626 4,640,821 4,640,821 4,640,821 4,640,821.
Dividend certificates..
Total.......................
80,749,126 76,710,321 74,929,321 72,877,321, 72,949,321
Preferred stock............
37,634,169 37,786,199 37,936,787 38,058,810. 38,256,703
Supplies on h a n d ........
1,246,344
1,425,446
1,006,724
1,171,379
1,392,025
The increase in the obligations of the branch roads we
have found it somewhat more difficult to obtain, but as
nearly as we can ascertain, the total of new issues up to
the present date is $4,415,000, as given in the subjoined,
list.
Some of these new branch lines have been
built under a contract with Messrs. S. T. Hauser am*
associates, providing that the latter grade, tie and bridge
the roads, and furnish right of way, accepting in payment
branch bonds to one-half the amount of the cost and
taking the other half out in freight. The bonds of course
are guaranteed by the Northern Pacific, which also pro
vides the rails from the proceeds of the bonds left at its
disposal. B y this arrangement we are told many of the
prominent business men of Montana have become enlisted
in the promotion of the interests of the Northern Pacific
company in that territory. W e should state that there has
also been an increase of
millions in the bonds of the St.
Paul& Northern Pacific; but as that road is operated for &
percentage of earnings, and besides is not commonly classed
as a branch road, we take no account of it.
Duluth & Manitoba (Dakota Division), 1st mortgage, 6s........................ $1,451,000
Drummond & Phllipsburg, 1st mortgage, 5 s .... .......................................
516,000Helena Boulder Valley & Butte, 1st mortgage, 6s................... ................
600,000
Helena & Northern, 1st mortgage, 5s...................................... ...................
250,000Spokane & Palousa, 1st mortgage, 6s......................... ......... .......................
480,000
Northern Pacific La Moure & Missouri River, 1st mortgage, 5s............
818,000Missoula & Bitter R oot Valley, 1st mortgage, 5s....................................
800,000
T otal........ : ; ..................................... ............ ..................... . . . . . . ...........$4,415,000
Obviously, these additions to the debt will further
increase the annual fixed charges. Bat as the efEect o f
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 the3e are among
the benefits secured and to be secured, it seems to us reisonable to presume, in the light of late results, that th.3
revenues out of which the augmented charges have to be
paid will also be increased. For the fact is significant
that the heaviest gains in earnings occur in the later and.
more recent months.
E U R O PE A N COTTON CONSUMPTION.
W e have by cable this week Mr. Ellison’s figures fo r
December, and for the three months since October 1st, of
the cotton takings and consumption of Europe. As the
December returns close the calendar year and the first
quarter of the new crop year, they always have a special
interest; but aside from that interest the rapidity of thegrowth in the use of cotton goods which the present
exhibit discloses cannot but cause 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,
putting the total up to 145,000 bales of 400 lbs each; and
this he does not onlv for December but for the two pre
vious months also. Thus the consumption for the quarter
ending with December reaches 1,885,000 bales of 400 lbs.
each, against 1,810,000 bales for the same three months.
THE CHRONICLE.
148
of 1886, or an 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. A s an indication of how this
increase, so far as Great Britain is concerned, can, in part
be accounted for, we have prepared the following state
ment of the exports of yarn, cloth, &c., all reduced to
pounds, from the United Kingdom for the same three
months.
000s om itt’d
Exported
from, Great
Britain.
1887.
1886.
1835.
Total o f All.
Cloth.
Y a m and Thread.
1887.
1886.
1885.
1887.
1886.
1885.
Lbs.
Lbs.
Lbs.
Lbs.
Lbs.
Lbs.
Lbs.
Lbs.
Lbs.
24,234 23,612 20,668 74,539 77,894 64,694 98,773 101,508 85,362
80,618
101,306
25,749 24,478 19,736 77,376 76,828 60,882 103,125
24,963 20,485 21,613 82,875 68,842 67,903 107,838 89,327 89,516
T ot. 1st q ’r. 74,946 68,575 62,017 234,790 223,564 193,479 309,736 292,139 255,498
621
64®
739
Stockings an d socks
5,668 5,245 4,691
Sundry artic les........
•October....
"November..
D ecem ber..
Total ex]ports cotton manufactures fo r 1st quarter... 316,143 298,030 260,808
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 298,030,000 lbs. in 1886 and 260,808,000 lbs. in 1885. Be.
sides this growth in exports, there are as the year closes
evidences in Great Britain of a new development in home
consumption. One need go no further for proof of that than
the increased railroad earnings,increased bank clearings and
the foreign trade returns of exports of all home products.
Still it is well to remember that current figures of con
sumption must always be more or less estimated. W e
see an illustration of this fact in the changes Mr. Ellison
makes this month in his previous weekly figures. It will
he noted that he even adds a thousand bales a week to
his estimate for the previous two months of Great Britain;
and if the United Kingdom cannot be stated correctly,
how much greater room must there be for error when one
attempts to give Continental consumption— that is the
consumption of each of the countries of Europe except
Great Britain. The takings of spinners everywhere are
easily stated, but the unknown quantity, spinners’ stocks
of the raw material, is the piece of information no one
knows and manufacturers guard.
W e are led to make this remark because public expec
tations as to spinners’ needs during the closing months
of the season have been so many times of late years disap
pointed, purchases proving far less at that period than
anticipated, many spinners running apparently on
accumulated stocks, and those who are caught
short of cotton running on short time. What is more,
short time appears to have but little effect on the price
o f goods, enforced rest coming apparently as a relief,
affording the opportunity to work down accumulations of
goods in the world’s markets. Last summer, for instance,
there was wide disappointment growing out of a misapprehension on these points. Those who held the cotton
felt sure of a harvest, but abstention from buying on
the part of spinners, short time on the part of many, and
yet plenty of goods produced to go around, were the con
ditions, and all this at a time when it was quite clearly
understood from the statistical position that such con
ditions were impossible. W e suggest, therefore, whether
the last few years’ experience does not leave, or at least
raise, the presumption that spinners everywhere have of
late got into the habit of carrying larger stocks into the
summer than formerly. Take 1886 and 1887 for illustra
tion. Our cable omits to furnish us Mr. Ellison’s totals for
1887, but as it contains the corrected totals since October 1,
the following results for the year are, we believe, correct*
W e add for comparison the three previous years.
Bales o f
400 Lbs.
O t. B r ita in .
1 8 87.................
1 8 86.................
18 85.................
1 8 84.................
[VOL. XL'VI.
Spin’rs'
Stock Takings.
Jan. 1.
190,000 3,817,000
136,000 3,736,000
247,000'3,236,000
145,000 3,768,000
Spin’rs’ Weekly
Con
Supply. sumption. Stock
ConBee. 31. sumpt’ n
290,000
190,000
136,000
24=7,000
71,481
70,800
64,365
70,500
C o n tin e n t.
1 8 87................. 88,000 4,077,00 0'4 ,165,000 3,692,000 473,000
1886................. 251,000 3,341,000 3,592,000 3,504,000 88,000
1885................ . 308,000 3,237,000*3,545,000 3,294,000 251,000
1884................. 368,000 3,281,000 J3,649,000 3,341,000 308,000
71,000
67,385
62,743
64,250
A ll E u ro p e.
1887.................
1 8 86.................
1885.................
1884..................
278,000
387,000
555,000
513,000
7,894,000
7,077,000
6,473,000
7,049,000
4,007,000
3,872,000
3,483,000
3,913,000
8,172,000
7,464,000
7,028,000
7,562,000
3,717,000
3,682,000
3,347,000
3,666,000
7,409,000
7,186,000
6,641,000
7,007,000
763,000
278,000
387,000
555,000
142,481
138,185
127,108
134,750
This statement, 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
would suggest is, that perhaps the consumption was not
so large as estimated in 1886. It will be seen that it was
raised 545,000 bales over 1885 to bring the stock on the
first of January, 1887, down to 278,000 bales, which is
an average increase in the weekly consumption of 10,480
bales of 400 lbs. each. W e must bear in mind, too, that
the stock on the first of January, 1888, although it looks
large (763,000 bales), is only a fraction over five weeks’
supply at present rate of consumption, and even twice
that amount would not seem extravagant when we remem.
ber that it covers the holdings of spinners of the whole
of Europe. W e throw out this hint by way of sugges.
tion only.
As to the supply of cotton for the remaining nine
months of the season, our cable does not give us any
figures, and perhaps Mr. Ellison has not made any esti
mate. One fact bearing upon that point has become
obvious, and that is, that the diminutive estimates made
in November, and clung to since, of the yield in the
United States have proved as unreliable and baseless as
we at the time said they would.
Two or three more
cotton seers have therefore suffered an eclipse by a con •
spicuous failure. Still no one need mourn, for they belong
to a perennial race, and will come up as fresh, as inno
cent, and as active as ever in the fall.
M ISSOURI K AN SAS & TEXAS .
In view of the great demand for information about the
affairs of the Missouri Kansas & Texas, we publish below
some interesting statements brought down to a recent date
bearing upon the current operations of that road and its
leased and controlled lines.
The situation of this property, as is known to our read,
ers, has undergone quite a change during the last year.
The Atchison Topeka & Santa Fe by absorbing the Gulf
Colorado & Santa Fe and building a link across the
Indian Territory to connect that road with its own has
practically paralleled the Kansas & Texas system all the
way to Galveston and the Gulf of Mexico. The St. Louis
& San Francisco has also built an extension into Texas,
and thus has likewise become a competitor for some of
the Kansas & Texas business. Both these new lines were
placed in operation last summer. A t the same time, the
St. Louis Arkansas & Texas (recently reorganized and
gauge changed) has put out various new spurs and feeders
in Texas and elsewhere, thus also encroaching on the ter
ritory of the Kansas & Texas.
Ffbruary
THE CHRONICLE.
4, 1888.J
It is this changed 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
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. ¥ e 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 period. In the case of the operating expenses, our
present figures include taxes, while those in the company’s
reports do not. A s 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
as in 1887. In addition to the gross and net earnings,
we are able also to present a comparison of the various
items of debt outstanding.
MISSOURI KANSAS & TEXAS.
Earnings and Expenses—
'
Tear end'g
Sept. 30,
1887.
Tear ending December 31.
1886.
$
1,575,920
5,470,742
191,697
146,635
66,650
1885.
$
1,592,713
4,838,860
185,981
165,449
75,653
$
1,691,597
5,166,673
186,218
194,087
78,676
Passenger earnings...........................
Freight..................................................
Mail................ ...............................
Express.............................................
Miscellaneous..................................
Total...........................................
Expenses and taxes.........................
7,837,859 7,451,644 6,853,656 7,317,251
5,590,467 * 428,754 »4,255,102 *4,547,246
Net earnings...............................
Liabilities—
Stock—common................................
Preferred..............................
2,246,892
3,022,890
2,598,554
2,770,005
46,405,000 46,405,000 46,405,000 46,405,000
9,676
9,676
9,676
9,676
Total stock.................................. 46,414,676 46,414,676 46,414,676 46,414,676
Bonded debt..................................... 45,964,861 44,574,531 41,766,061 41,657,185
513,080
415,894
454,149
200,019
Interest due....................................
619,070
614,760
626,763
629,970
Interest accrued.............................
2,303
6,719
6,719
Other indebtedness.........................
Total debt.................................
46,801,569 45,617,191 42,841,689 42,791,688
Cost o f road and equipment.......... 71,190,654 69,258,940 66,907,015 60,457,085
* W e have added $200,000 to the expenses in each o f the years 1886,
1885 and 1884, so as to cover the item o f taxes and make the basis of
com parison the same as in 1887.
This shows a satisfactory growth in gross, but such
a 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 increase of $1,161,713 in expenses (over 26 per cent),
making 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. W ith reference to
the stock and debt, there has been no change in the
former, while the amount of bonds outstanding has been
increased somewhat between December and September—
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 same. There is an increase in gross, but a
much larger increase in expenses, leaving the net in each
case smaller than in the calendar year 1886. Here is
the exhibit for the International & Great Northern.
INTERNATIONAL & GREAT NORTHERN.
Earnings and Expenses—
Tear end’ g
Sept, 30,
1887,
Tear ending December 31.
1886.
1885.
1884.
Express................................................
Miscellaneous.......................... ..........
$
597,661
2,299,304
92,951
52,510
20,870
$
606,813
2,155,250
96,440
55,045
12,318
f
e00,063
1,863,998
98,301
68,611
8,526
$
690,305
2,162,750
97,489
79,399
11,644
T o ta l...:................... .....................
Expenses and taxes...........................
8,063,296
2,277,892
2,925,866
2,019,150
2,639,489
1,846,134
3,041,587
2,562,155
Net earnings.................................
Liabilities —
Stock.....................................................
785,404
906,710
793,355
479,432
9,755,000
9,755,000
9,755,000
9,755,000
Passenger earnings...........................
F r e ig h t ................ ............................
Bonded debt........................................
Interest due........................................
Interest accrued................................
Other indebtedness...........................
15,008,000 15,008,000 15,008,000 15,008,000
19,100
11.711
31,836
81,257
221,535
221,375
218,035
197,196
59,100
*795,215
507,102
198,576
Total d ebt......................................
15,483,029 15,307,741 10,036,301 15,764,973
Cost o f road and equipm ent...........
28,041,090 27,919,834 27,908,259 27,927,423
* A m ount clue Missouri Kansas & Texas.
On the Galveston Houston & Henderson a deficit below
operating expenses is of frequent occurrence (though it
was not the case in the year 1885), but the present short
age is a little larger than usual, as will be seen from the
following.
GALVESTON HOUSTON & HENDERSON.
1884.
$
1,641,953
5,785,017
805,620
137,925
66,844
U9
Earnings and Expenses—
Tear end’ g
Sept. 30,
1887.
Tear ending December 31.
1886.
1885.
1884.
Passenger earnings...........................
Freight...... ..........................................
Mail.......................................................
Express...........................i ................ . •
Miscellaneous......................................
$
100,130
274,652
6,856
14,770
11,279
$
97,821
279,103
7,018
8,141
9,448
$
77,534
217,603
7,181
6,988
12,930
$
73,720
192,778
7,181
8,822
6,612
T otal............................ ..................
Expenses and taxes..........................
407,087
446,997
401,031
413,823
322,242
302,203
289,119
326,794
20,030 def. 37,675
Net earnings................................. def. 39,310 def. 12,792
Liabilities—
1,000,000 1,000,000
Stock.....................................................
1,000,000
1,000,000
3,000,000
1,025
25,000
80,506
2,000,000
800
25,000
222,138
2,000,000
1,500
25,000
120,402
Bonded d ebt........................................
Interest d u e........................................
Interest accrued................................
Other in d eb ted n ess.........................
2,000,000
10,400
50,000
26,019
T otal d ebt.....................................
2,086,419
2,100,531
2,247,938
2,146,902
Cost o f road and equipm ent...........
3,000,000
3,059,624
3,059,193
8,000,000
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 loss of $923,822 in net, making an increase
in expenses for the nine months of 1887 of $1,453,623.
COTTON
CONSUMPTION A N D
OVERLAND
M OVEM ENT TO F E B R U A R Y 1.
Our statements of overland movement, etc., 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. W e are able to prepare
the figures thus early only by freely using the telegraph.
OVERLAND 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 tions which have prevailed during the greater part of the
month. Delays to transportation have occurred through
snow and ice, and yet the gross amount carried has
reached 160,234 bales, or only 32,498 bales less than in
January of 1887, and exceeds the total for the month of
THE
150
CHRONICLE
1886 (when, however, railroad traffic was interrupted in
the same manner as in the current year) 56,422 bales.
The season’s gross aggregate is still, of course, largely in
excess of previous years. The net for January makes a
very favorable exhibit, being 81,701 bales, against 69,478
bales last year and 34,107 bales two years ago. For the
five months of the current season the excess over 1886-7
is now 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.___________
1886-7.
1885-6.
2 8 1 ,8 2 4
1 3 7 ,7 5 2
1 00 ,21 8
1 1 ,8 2 7
5 0,381
1 6,2 73
6.8 3 2
6 9,7 05
1 0,6 38
7 6 ,7 4 6
9 9 ,8 4 0
7 ,4 4 7
2 8 9 ,7 2 2
1 32 ,16 8
4 7 ,6 1 9
1 5 ,7 6 9
3 5 ,2 4 0
2 5 ,5 6 4
1 4,2 18
4 7 ,4 6 1
4 4 ,4 3 4
6 8,9 31
7 3,6 85
7 ,7 6 3
8 69 ,48 8
8 0 2 ,5 7 4
1 8 9 ,2 9 4
1 67 ,88 7
3 6 ,7 3 1
5 1 ,5 7 4
26,041
1 9,8 63
7 ,0 3 8
722
3 ,1 5 1
4 97
2 8 ,9 6 9
B 36
4 ,1 3 3
8 ,8 0 9
708
5 ,3 2 8
879
3 ,7 6 1
2 4 1 ,0 7 7
2 8 6 ,2 6 8
2 4 3 ,3 7 5
1887-8.
A m ou nt Shipped —
From St. L o u is ........................................ .
O ver Illinois Central.................................
O ver Cairo & Vincennes..........................
Over the Mississippi R iver, above St. L.
Over E vansville & Terre H a u te ............
O ver Jeffersonville M ad. & I n d . . . . . ........
Over Ohio & Mississippi B ranch............
O ver Louisville Cincinnati & Lexington
R eceipts at Cincinnati b y Ohio R iv e r ...
R eceipts at Cincinnati b y Cin. South’rn
Over other routes............................. ..
Shipped to m ills, not included a b o v e ...
3 6 3 ,9 4 8
1 4 6 ,6 2 6
7 0 ,3 2 3
6 8 ,0 4 7
4 0 ,7 9 9
8 ,9 8 1
7 1 ,2 6 4
6 ,7 6 2
1 0 9 ,7 8 0
1 4 2 ,0 3 2
4 ,9 2 8
T otal gross ov e rla n d ............................ 1 ,0 3 3 ,4 9 0
Deduct—
Receipts overland at N. Y ., Boston,&c. 1 42 ,77 4
Shipments between (or South from)
4 3 ,8 8 8
Western interior t o w n s .......................
Deduct also Shipments inland and Talcings f o r Southern Consumption
from the follow ing Southern ports—
M o b ile ...........................................................
S avan nah.............................. ..................
C harleston. , ............................................
North Carolina p o rts .............................
Virginia p o r t s ........................................
T otal to be dedu cted..........................
6 ,5 2 8
1 6 ,1 28
1 ,5 2 7
3 ,2 0 3
988
Leaving total net overland*............. 7 9 2 ,4 1 3 5 8 3 ,2 2 0 5 5 9 ,1 9 9
* This total includes shipments to Canada by rail, w hich since Sep
tember 1 ,1 8 8 7 , amounted to £9,113 bales; In 1886-7 were 24,136 baies
and in 1885-6 were 23,913 bales.
[Y ol. XLTX.
Using the facts disclosed 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:
1887-8.
1886-7.
1885-6.
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 receip ts............................... bales. 5,330,183 4,983,699 4,697,230
Southern consum ption since September 1 240,000 194,000 164,000
Total to February 1 .................... bales. 5,570,183 5,177,699 4 ,8 6 1 ,2 3 0
The amount of cotton marketed since September 1 in
1887-8 is thus seen to be 392,484 bales more than in 1886 T
and 708,953 bales more than in 1885 6. To determine
the portion which has gone into the hands of Northern
spinners during the same period we have prepared the
following.
Total receipts to February 1 ,1 8 8 8 , as a b ov e ................... ba les.5,570,185Stock on hand com m encem ent of year (Sept. 1 ,1 8 8 7 )—
49,004
A t Northern ports.................................
A t Southern ports.................................
33,082 — 82,036
At Northern interior m arkets...............................
2 ,1 5 5 — 84,241
Total supply to February 1 ,1 8 8 8 ....... ...............................
5,634,424.
Of this supply there has been exported
to foreign ports since Sept. 1, ’8 7 ...3 ,0 8 7 ,0 7 3
Less foreign cotton Included............... .
2 ,4 18—3,084,655
Sent to Canada direct from W est.........................
29,113
Burnt North and S o u th ..........................................
6 ,7 0 4
8toek on hand end of m onth (Feb. 1 ,1 8 8 8 )—
A t Northern p orts.................................. 298,897
A t Southern p o r t s .................................. 631,112— 930,009
5,9 92—4 ,0 3 6 ,4 7 0
A t Northern interior m arkets................ - .............
Total takings b y spinners since September 1 ,1 3 8 7 ..b a le s.1,597,951
Taken by Southern spinners.............. ............................................... 240,000
Taken b y Northern spinners 6inoe September 1 ,1 8 8 7 ... .......... 1,357,951
Taken b y Northern spinners same time in 1886-7...................... 1,110,897
Increase in takings b y Northern spinners this year....... bales.
21 7,03 4
The above indicates that Northern spinners had up to
February 1 taken 1,357,951 bales, an increase over the c o r
responding period in 1886-7 of 217,054 bales and an
RECEIPTS, EXPORTS AND SPINNERS7 TAKINGS.
A s our weekly statements have clearly indicated, the increase over the same time in 1885-6 of 168,189 bales.
receipts at the ports during the month have been on a
AMOUNT OF CROP NOW IN SIGHT.
less liberal scale than in January of the two pre
In the foregoing we have the number of bales which
ceding years, reaching 527,570 bales, "against 644,681
has already been marketed this year and the two previous
bales in 1887 and 543,393 bales in 1886. The aggregate
seasons. A n additional fact of interest is the total of the
for the five months, however, continues to exhibit an
crop which was in sight on February 1, compared with
excess over any former season. Foreign exports also
previous years. W o reach that point by adding to the
have not been as free as in January of the two previous
above the stock remaining at that date at the interior
years, and the season’s total now shows an excess of only
towns, less stock held by them at the beginning of the
48,552 bales over the corresponding period a year ago.
season. In this manner we find the result for three years
Contrasted with 1885-6 the gain reaches 562,438 bales.
on February 1 to be as follows.
While stocks at the ports record a small decline, the
amount held at the interior shows a fair increase, the
1885-6.
1886-7.
1887-8.
total of both reaching an excess of 30,000 bales in favor Total marketed, as a b ove— bales. 5,570,183 5,177,699 4,8 6 1 ,2 3 0
4 5 9 ,0 0 0
300,000
364,006
of the present year. Oar usual table of details is given Interior stocks in excess o f Sept. 1
5
,3
20,2 30
5,934,183 5,477,699
Total in sight.................
below.
SINCE SEPT. 1, 1887, TO—
Movement from Receipts Receipts EXPORTS
Stocks
since
since
Sept. 1,1887, to
Great France. Conti
Sept.
1,
Sept.
1,
Total. Feb. 1.
Feb. 1, 1888.
nent.
18b6. Britain*
1887.
Galveston.......... 598,740 646,700
Indlanola, &c .
New Orleans— 1,391,879 1,393,158
M obile................ 188,148 189,243
20,85,
21,943
Savannah,......... 779/123 716,801
25,255
51,587
Brunswick, &c.
368,927 351,155
Charleston.........
'
14,873
11,556
P ort Royal, Ac.
W ilm ington...... 160,776 127,189
3,559
4,550
W athingt’n,Ac
N o rfo lk .............. 403,851 457,001
W est Point,Ac. 420,81.‘< 264,793
68,786
New Y o r k ........ .
47.193
55,820
58,625
37,2,6
Baltimore........... $S 19,540
20.x 18
24,597
Philadelphia,Ac.
T otal 1867-8..... 4.687,770
T otal 1886-7......
218,070
4,024
74,818
296,918
38,014
402,620
55,108
3,446
133,342
30,009
62,849
200,037
280,198
372,465
38,058
12,480
209,850
25,839
149,411
942,855
55,106
3,446
355,672
30,009
238,099
68,877
192,342
160,671
288,263
109,128
61,470
83,967
0,395
22,8X1
1,805
37,635
112,407
273,393
934,014 3,067,073
4,400,472 t.874,215
413,965
750,341 3,038,52!
4,138,0'^ 1,386,576 268.P49 . 809.510 2,524.686
T otal 1885-6.......
* Great Britain exports inoiudc to the Channel.
70,274
87,044
38
13,822
1,975 .194,3 L7 48,815
3,062 161,733
6,582
150,651 401,727 247,238
1,998 111,124
21,000
22^658
85,933
20,949
3,760
37,727
9,710
1,879,666
This indicates that the movement up to February 1 of
the present year is 456,484 bales more than in 1886 7 and
613,953 bales greater than in 1885-6.
As it will interest the reader to see what has come into
sight each month of the season during this and previousyears, we have prepared the following.
M onths.
N o v e m b e r ..... . . .
December...........
January................
Total 5 months.
1884-5.
1886-7.
1885-6.
824,369
1,588,766
1.639,906
1,310,871
540,271
434,838
1,359,901
1,552,539
1,467,767
662,654
485,552
1,360,870
1,44?,433
1,488,583
541,793
413,836
1,309,111
l,39O ,90£
1,360,404;
513,187
5,934,183'
5,477,699
5,320,230
4 ,9 8 7 ,4 4 0
1887-8.
W EIGHT OF BALES.
To furnish a more exact measure of the receipts up to
February 1, we give below our usual table of the weight
1 OJW.OQ7
[ o f bales. So that comparison may be made, the figure»
930.009
945,502
THE CHRONICLE.
February 4, 1683.]
151
for the same time in the previous two years are also most among these was the political excitement on the Conti
nent. In January and February it appeared as if a bittergiven.
Same
Same
Five Months Ending Féb. 1, 1888. p er i’d in peri’d in
1886-7. 1885-6.
Weight in
Founds.
Number o f
Bales.
Average Average Average
Weight. Weight. Weight.
598,740
1,391,879
186.148
852,756
375,483
South Carolina.
824,664
165,326
North Carolina.
Tennessee, <fco.. 1,175,187
309,015,701
671,024,866
92,887,852
410,175.636
178,729,908
391,715,400
78,199,198
573,655,782
51611
482-10
49900
48100
47600
47500
473 00
48814
51600
484-00
495-00
478-12
47 0"CO
477-40
467-90
501-41
517-95
484-15
507 00
489-00
477-25
475-70
468 00
491 67
5,570,183
2,705,404,343
485-69
488-46
489-36
T ota l............
* Including Florida.
It will be noticed that the movement up to February 1
shows a decrease in the average weight as comp ared 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.
THE COTTON GOODS TRADE IN JA N U A R Y .
There was a large movement in staple cotton goods
-during the month and prices continued to advance, leading makes of brown and bleached goods having been
marked up from £c. to £c. without checking the demand.
The export demand was more ac'ive ,and liberal orderj
for future delivery were placed in this connection. Stocks
of plain and colored cottons are exceedingly light, many
makes being under the control of orders afor months to
eome. Print cloths were active and the market close!
strong at an advance of 38 points upon opening quota
tions.
Jan.
Oott’n P rint Sheet
in g ings,
low
m id cloths. stand
dling. 64æ64 ard.
1.
4.
5.
6.
7.
8.
9.
10 .
11 .
12 .
13.
14.
15.
16.
17.
18.
19.
20 .
21 .
22 .
23.
24.
25.
26.
27.
28.
29.
10% e
10
10
10
10
10
9 78
91Si 6
915U
...8 ...
7%
7%
3-75
3-75
3-75
71 *
7%
714
.. 8...
.. 8...
714
7H
714
714
714
7 ia
3 75
3-88
3-88
3-88
3-88
3-88
7%'
71«
7%
7ifl
7 i«
101«
101«
101«
103ie
lO^ie
10»i6
3-88
3 -88
3 .88
3-88
3-88
4 -00
7%
7%
7ia
7 i*
71«
7ia
10316
400
4 -00
7ia
7ia
10
10%
lO lie
10116
101«
101«
...8...
H’day
3-13
H’day
3 62
3-75
3-75
3-75
3-75
3-75
9l6lt 3-75
10
3-75
SO._
31.
Oott’n Print Sheet Oott’n Print Sheet
ing
ings.
ings. low
low
ing
mid cloths, stand m id cloths, stand
dling. 64x64 ard. dling. 64x64 ard.
...8...
2.
8.
1886.
1887.
1888.
7%
9
91]«
9%e
9%6
9% 6
9%e
9
9
9
9
9
9
8 i5 ie
9
9
9
9
9
9
9
9
9
9
7
7
7
7
7
7
3*38
3-38
3-38
3-38
3-35
3-38
...8...
7
7
3-38
3-38
3-38
3-38
3-38
3-38
7
7
7
7
3-38
3-38
3-38
3-39
3 -44
3-44
7
7
7
7
7
7
...8 ...
313
3*13
313
3 19
319
3*20
81»16
Sine
8*
8%
834
81316
.. 8...
6%
3-25
3-25
3*25
3-25
3*25
6%
3-25
3-25
3-25
3-25
3-25
8i3jg 3-31
6%
6%
6%
6%
6%
6%
3-31
3-38
3-38
3-38
3*38
3*38
6%
6%
6%
6%
fi 34
8 78
8 78
8 7«
8 7«
8 7g
8 78
8 78
.. 8 ...
7
7
7
7
7
7
6%
6%
6%
6%
6%
6%
813 6 3-25
8 7«
...8...
3 -44
3-50
3 -50
3 -50
3*50
3*50
.7 8 .’..
8M16 3*50
6 34
.. 8... . . *. . .
8%
8%
834
8%
S H
8%
7
e%
6%
6%
6%
fc34
...8 ...
T li» above prices are—For cotton, low m iddling upland at New York
fo r printing oloths, m anufacturers’ prioes; fo r sheetings, agents’ p rices,
w h ich are subject to an average discou nt o f 5 per oent.
G RE AT B R IT A IN I N
conflict between Germany and France was inevitable, and
when Prince Bismarck demanded a large increase in the
German arm y because of the growing military power o f
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. W ith that
event the political outlook became more pacific, but the relations
between the two countries continued strained, with periodic
outbreaks, until in June, when the ministry o f M. Rouvier
was formed in France aud General Boulanger was dropped
out; by that act a decided step towards continued peace was
felt to have been taken.
This excitement had no doubt a restrictive and depressing
influence on our trade— more so probably than would have
been caused from the revival of the eternal Eastern Question,
pure and simple. W e have become hardened into almost
indifference at alarming reports o f that description; but
this was a somewhat new development, and for the time
being the feeling, especially on the side of Germany, was
apparently very intense. This effect can be traced in the
course of prices, and also in our foreign trade, both o f which,
developed an upward tendency with the opening o f the year.
But in February prices had lost their buoyancy, and in March,
with a few exceptions, there was a decline. Thus Scotch pigiron warrants advanced sharply in January, but receded con
tinuously in February and March. A s to the effect on foreign
trade one would not expect it to be immediately observable,
since the volume of that movement depends so largely upon
orders given months previously. Still, in March the totals
were less satisfactory and in April and subsequent months
the tendency in the same direction was even more marked.
In fact, general trade did not seem to have fully recovered
from the set-back it received by the war scare and other influ
ences until September ; from that date, however, there has
been a continued improvement.
It is not to be inferred from the foregoing that the situation
has not all along continued more satisfactory than in 1886.
The year opened so very much better that great hopes of a
highly prosperous twelve months were entertained ; and the
reverse, which we have referred to, consisted mainly in a loss
of that special buoyancy. Speaking in gênerai terms, we
believe that relative prices have throughout afforded the
producer a more remunerative return, and home consumption
has been more active. One feature which has had a helpful
effect has been the greater steadiness of silver. It will be
remembered that in 1884, and the first half of 1885, prices of
the white metal were quite regular, the changes in July, 1885
being 49 3-16d. as the highest, 4 9 ^ d . the lowest and 49 3-16d
the average, which shows a decline of about Id. from January
1884. A fter July, 1885, the retrograde movement was con
stant, and in 1886 the fluctuations were very wide. In Janu
ary of that year the highest price was 47d. per ounce ; from
that point the decline became more rapid, until in August
the quotation touched 42d., then recovering and reach,
ing 46%d. in December. These wide and rapid changes were
of course very embarrassing to the shipper of goods to silver.,
using countries, and a prominent cause of the unsatisfactory
returns on the trade of that year.
For like reasons the
return of more stable values since March, 1887, have proved
a very favorable feature. Below are the highest, lowest and
average prices of silver for each month of thé past three
years:
1887.
188 7 .
[Communicated b y our London Correspondent.]
The business conditions during 1887 have proved more favor
able than during previous years, the later months especially so-and 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
th at 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
force.
W h ile saying this, we are compelled to add that there have
been important drawbacks in the past twelve months. Fore
1885. .
1 88 6 .
S ilv e r .
High. LOW. Aver. High. L ow . Aver.
d.
J a n ......... 4 7 18
M arch . . .
A pril . . . .
M a y .......
J u n e .......
J u l y .......
A u g .......
S e p t .......
O o t ..........
N o v .........
D e o .........
d.
d.
d.
d.
467,8
47
46%
46%
4615k , 4 6 %
465x6
46 %
4 6 7i« 445x« 4 5 %
46H i6
4 3 i5 lfl 4611x6 4 6
445g 4 3 %
44%
43%
437x6 439x6 4 6
45%
4 3 3 16 4 3 %
4 4 lli6
4 4 14
4459 4 2 %
4 4 71* 4 3 7« 4 4 %
42
4411x6 4 2%
451« 4 4 %
42%
45
4 5 l 18 4471# 44%
4 5 78 4 4 %
4 4 78 4 3 7a 4 4 %
4516x6
4316ia,4311i* 4 3 l3 16f 47
451« ¡431318;44718 4 6 %
45
F or y ear. 471«
l43S18 14411,« 47
42
d.
High. L o w . A ver.
d.
46%
50
49%
46%
493x6
46%
49%
451x6 5 0
19%
4 4 7«
4311,6 4 9 %6
493,6
425,6
4 3 1 3 ,, 48%
4 5 3 ,6 4 7»i6
4615s, 17%
d.
d.
49%
4 8%
49
48 7«
48 78
49
49%
487x6
*7%
47%
49%
49%
49% «
49%
4 97 ,6
493x6
4 813,6
47%
4511,6
17%
477x6
475x6 477x6
46%
47%
45.«
50
4 6 7«
48%
152
THE
CHRONICLE?
In the above one can 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. O f 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 w ith the East has advanced,
though our shipments to India show a considerable loss; but
to China and Japan the improvement is marked, the total
increase compared with 1886 being about £2,600,000. To South
A frica 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
follow ing monthly statement of increases and decreases of
each year over the previous year for five years taken from
the Statist.
E xports 1887
com pared w ith
1886.
Ja n ...
Feb ..
M a r ..
A pril.
M a y ..
June,.
Ju ly..
A u g ..
S e p t..
O c t ...
Nov. .
D e o ..
Differe’ce .£
+ 595,954
+ 871,126
+ 492,011
—
6,142
+ 196,814
-1 ,2 1 5 ,6 3 5
+ 701,021
+ 1,04 3,4 40
+ 904,855
+ 511,378
+ 1,60 7,6 69
+ 3,231,954
1886
1883
1885
1884
Compared Compared Compared Compared
with 1885 w ith lb 8 4 w ith 1883 w ith 1882
Per cent.
+ 3-46
+ 5-31
+ 2-65
— 004
+ 1-20
— 6*55
+ 3-79
+ 5*56
+ 4 78
+ 2-80
+ 915
+ 18-83
Year. + 8,96 5,6 86 + 4-22
Per cent.
—4-95
—2-76
+ 1-8 0
+ -14
—5 1 5
+ 4-6 2
-3 -6 1
+ 1 -3 5
+ 1-65
—2*40
+6-71
— -88
Per cent.
— 6-4
—10-9
— 9-5
—12-5
—13-8
— 4-9
— 88
— 66
— 9-1
- 8-5
— 70
- 3-5
Per cent.
— 6-1
+ 33
+
-o
+ 1-7
+ 1-8
— 6-9
+ i-o
— 7-4
+
-o
— 3-4
—11-7
— 5-9
— -32
— 8-6
— 2-8
Per cent.
+ 4 -0
—3-4
—4-2
+ 0 -4
—2-7
—0 4
—2-6
—0-8
—2 0
+ 1-2
—1 1
+ 4 -4
—0-6
These figures are indisputable evidence that the year’s trade
has been not only a decided improvement upon 1886, but
shows in its results a marked break in the years of decrease
which preceded it. A s 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,
1885.
E xports.
Hom e p roducts..............
Re-shipment o f imports.
Total exports. . . . .
I m por ts.
T otal merchandise.
E xcess o f imp, over exp.
1886.
1887.
£
213,044,500
58,359,194
£
212,432,^54
56,234,263
£
221,398,440
59,1< 6,5n8
271,403,694
268,667,017
280,505,038
370,404,314
349,381,086
361,935,006
99,000,620
80,714,069
81,429,968
W ith regard to prices, among the more prominent features
o f the trade we m ay mention the boom in copper during the
closing months o f 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 abuut £39 at
the end of 1886, rose in the twelve months to £85, and Straits
tin at the same time moved from £100 to £167. O f 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 j list concluded. W ith
the exception o f those m 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
o f the year was quoted at 5J^d. for middling upland and that
the year finished up at 5% d . per lb., while Southdown wool
fell from Is. per lb. to lOj^d., and ultimately recovered to
l l ^ d . per lb. W est India sugar has risen from 11s. to 14s. 3d.;
coffee from 74s. to 88s.; rice, from 6s. 1 0 ^ d . to 7s. 2J^d.
The movements in produce during the year cannot, indeed,
be accepted as being otherwise than favorable to the develop
m ent of trade.
[Vol. XLVI
in that case the total yarn exported was 251,037,200 lbs. in 1887
against 254,348,100 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
o f the year the spinning trade dragged. That was in part
due to the com er 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 o f China
and Japan were astonishing, being for December alone 3,750,
700 lbs. of yarn against 2,138,300 lbs. the same month o f 1886"
But, as said, the total export of cotton yarns for the year is
less than last year. A nd, what is a little remarkable, this is
also true of jute yarn and also of woolen yarn, while in piece
goods every one o f the articles shows an increase. This is all
indicated in the following table.
Y e a r ’s E xports.
1885.
1886.
1887.
245,809,900
4,374,516,500
30,702,800
215,078,500
16,600,200
149,468,600
43.491,600
86,830,500
157,888,100
254 ,346,100
4,850; ,030,200
3o; 717,000
216, 182.100
15, ,890,900
163, 773,200
45, 627,100
89, 779,700
160, 167,500
251,037,200
4,904,109,200
23,583,300
244,188,600
16,370,900
164,511,400
40,165,100
95,815,700
161,400,800
q u a n t it ie s .
Cotton yarn ..............lb s
Piece g o o d s ......... yds
Jute y a m ..................... lbs
P iece g ood s......... yds
Linen yarn ..................lbs
Piece g ood s......... yds
W oolen y arn ................ lbs
W oolen fabrics........... yds
Worsted fabrics......... yds
VALUES.
Cotton y a rn ....................
Piece goods.............. .
Jute y a rn ........................
Piece goods................
Linen y a r n .............
Piece goods......... ......
W oolen yarn............ .
W oolen fabrics............ .
W orsted fabrics..............
£
,
£
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
273,691
807,335
935,083
156,850
406,676
155,491
943,261
£
11,379,485
51,743,314
227,576
2,057,571
939,877
4,211,931
3,970,205
9,837,892
6,9 45,2 66
In the hardware industries the animation has been more o
less 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 ago. The improvement in nearly all branches was cer
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:
1 8 8 7 ..........................
1 8 8 6 ..........................
1 8 8 5 ..........................
1 8 8 4 ..........................
1 8 8 3 ..........................
1 8 8 2 ..........................
1 8 8 1 ..........................
1 8 8 0 ..........................
1 8 7 9 .........................
1 8 7 8 .........................
1 8 7 7 ..........................
1 8 7 6 ..........................
1 8 7 5 ..........................
1 8 7 4 ..........................
1 8 7 3 ..........................
P ig Iron.
Rails.
Other
D escriptions.
Tons.
1,159,500
1,044,257
960,931
1,269,576
1,564,048
1,758,072
1,480,196
1,632,343
1,223,436
924,646
881,442
910,905
947,827
776,116
1,142,065
Tons.
1,012,681
739,651
714,276
728,540
971,165
936,949
820,671
693,696
463,878
441,384
497,924
414,556
545,981
782,665
785,014
Tons.
1,974.726
1,605,289
1,455,475
1,497,439
1,508,095
1,658,531
1,517,458
1,466,055
1,196,170
933,193
965,285
899,809
963,498
621,741
1,030,734
Total.
Tons.
4,146,907
3,389,197
3,130,682
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
The 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 appealed
with a capital of £1,100,000, for which applications amounted
to £40,000,000. The feature of the foreign borrowings has
been the frequent applications by South American States. A n
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
A s m ay be gathered from what has been already said, the Autofagasta & Nitrate Railway Company, at 9 9 ^ per cent.
export of textile fabrics has been large. There is, however, Messrs. D. de Murietta & Co. offered £1,300,000 bonds bear»
a feature o f the trade as disclosed by the export figures which ing 5 per cent interest of the Argentine Northern Central
in part explains the complaints of lack of profit which are so Railway extensions, at £91J£ per cent. In July, Messrs.
.widely heard. W e refer to the falling off in the shipments of Antony Gibbs & Sons received subscriptions for £600,000
yarn in almost every department. For instance, take cotton in £10 shares and £1,131,375 six per cent debentures
THE CHRONICLE.
F e b r u a r y 4, 1888. j
153
Jan. 20
Feb. 18
Feb. 24
Mch. 23
Mch. 29
Mch. 81
Apr. 1
May 10
May 19
May 19
June 7
Próv. o f British Colum bia.. June 8
Metropolitan Gas, Melb’rne June 15
VVelllngton & Manawatu
R ’J (N. Z .)........................... June 17
C ity o f Prahran (part o f
June 30
C olony o f V ictoria (Melb.
Tramways) tru s t............... July 7
W elllngton Harbor B oard.. July 19
5
5
4
4
4
4
4
5
4
4
5
£
25,000
£ s. d. £. s. d.
£
47,000 106 0 0 105 18 9
35,600 104 0 0 104 12 1
28,000
106 0 0
113,000
3,000,000 10,200,000 102 0 0 102 19 4
2,500,000 2,683,400 100 0 0 100 0 10
24 0 0
8,000.000
523,100 100 0 0 101 5 11
380,000
150.000
150.000 97 0 0 97 0 0
100,000 100 0 0 100 11 0
100,000
737.400 98 0 0 100 14 9
200.000
850.000 2.341.600 101 0 0 103 2 6
324,000 99 0 0 105 1 1
79,700
126,300 100 0 0 103 3 0
50,000
5
4^
5
800.000 1,443,900 103 0 0 106 14 0
205,400 1,205,000 102 0 0 105 8
127,200,108 0 0 110 10 0
50,000
5
120,000
5
5
75.000
25,000
m
4
4
...
141,500,100 0 0
LAB
123.300 107 10 0 107 19 6
100 0 0
200,000
656,000 105 0 0
50,000
59,400 97 10 0
102,900
100 7 6
2,000,000 4,540,000 97rp.4an
u:
50,000
189,000 91 0 0
106 6 8
97 12 9
100 9 2
97r 6al0p
Indian G ov’t loan.................. Aug. 2
Borough o f R edfern (part o f
93 1710}á
Sydney)................................ Oct. 10 4
City o f Richm ond (part o f
176,100 107 0 0 108 14
65,000
M elbourne).......................... Oct. 12 5
* Tenders at par 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
£13,892,256. 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 3% per cent and on March
24 to 8 per cent. On April 14 it was reduced to 2% 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 1886. The following shows the Bank of England rate
o f interest for the past eight yeai£ :
BANK OP ENGLAND RATE OP INTEREST,
Rate Number
per o f days.
cent.
Year.
1880.
J rd . 1 to June 17. 3
June 17 to Dec. 9. 2 h
Dee. 9 to Dee. 31. 3
168 days
175 days
23 days
Y ear’s average___ 2*76 366 days
1881.
1 to Jan.
13 to Feb.
17 to Apr.
28 to Aug.
18 to Aug.
25 to Oct.
6 to Dec.
Year.
1884.
Apr. 2 to June 19.
Juno 19 to Oct. 9. 2
Oct. 9 to Oct. 29. 3
4
Ñov. 5 to Deo. 31. 5
78 days
112 days
20 days
56 days
Y ear’s average___ 2-96 366 days
days
1885.
days
days Jan. 1 to Jan. 29.
days Jan. 29 to Mar. 19.
21#
days Mar. 19 to May 7.
3
4
days M ay 7 to M ay 14.
days May 14 to M ay 28.
5
—----M ay 28 to Nov. 12.
Y ear’s average___ 3*48 365 days Nov. 12 to Dec. 17.
Dec. 17 to Dec. 31.
1882.
30
days
Y ear’s average___
5
Jan. 1 to Jan. 30.
24 days
Jan. 30 to Feb. 23. 6
14
days
1886.
Feb. 23 to Mar. 9 . 5
14 days Jan. I t o Jan. 21.
Mar. 9 to Mar. 23. 4
147 days Jan. 21 to Feb. 17.
Mar. 23 to Aug. 17. 3
28 days Feb. 17 to M ay 6.
Aug. 17 to Sept. 14. 4
108 days M ay 6 to June 10.
Sept. 14 to Deo. 31. 5
—
June 10 to Aug. 26.
Y ear’s average___ 4*15 365 days Aug. 26 to Oct. 21.
Oct. 21 to Dec. 16.
Deo. 16 to Dec. 31.
1883.
Jan. 1 to Jan. 24. 5
24 days
21 days
Y ear’s average___
Jan. 24 to Feb. 14. 4
Feb. 14 to Feb. 28. 31«
14 days
1887.
Feb. 28 to M ay 10. 3
71 days
M ay 10 to Sept. 13. 4
126 days Jan. 1 to Feb. 3.
Sept. 13 to Sept. 27. 3 h
14 days Feb. 3 to Mar. 10.
95 davs Mar. 10 to Mar. 24.
Sept. 27 to Dec. 31. 3
Mar. 24 to A pi. 14.
Y ear’s a v era g e.. . . 3-57 365 days Api. 14 to Api. 28.
Api. 28 to Aug. 4 .
1884.
Aug. 4 to 8ept. 1.
Jan. 1 to Feb. 7. 3
38 days Sept. 1 to Deo. 31.
F eb. 7 to Mar. 13. 31«
35 days
Mar. 13 to Apr. 2. 3
20 days
Y ear’s av erag e.. . .
Jan.
Jan.
Feb.
Apr.
Aug.
Aug.
Oct.
Rate Number
per of days.
cent.
13.
17.
28.
18.
25.
6.
31.
3
3h
3
13
35
70
112
7
42
86
5
29 days
4
49 days
31«
49 days
3
7 days
21«
14 days
2
168 days
3
35 days
4
14 days
—
—
2*92 365 days
4
3
2
3
21«
31«
4
5
21
27
78
35
77
56
56
15
—
3 05 365
5
4
31«
3
21«
2
3
4
days
days
days
days
days
days
days
days
m io ..
“ 1 7 ..
« 2 4 ..
“ 3 1 ..
Sept. 7 ..
“ 1 4 ..
if 2 1 ..
« 2 8 ..
Oct. 5 ..
“ 1 2 ..
“ 1 9 ..
« 2 6 ..
N ov. 2 ..
“
9 ..
« 1 6 ..
f‘ 2 3 ..
“ 3 0 ..
Dec. 7 ..
“ 1 4 ..
« 2 1 ..
“ 2 8 ..
7,9
8*9
9,5
10,5
10,1
10,5
8,2
6,4
6,3
6*0
5,7
4,3
4,7
4*9
4,7
5,1
4*9
6,0
7,4
6,0
4,6
4,0
3,6
3,1
2,9
3,8
4,1
4,0
4,2
4,1
4,9
4,9
6,7
3,5
3,4
4,0
3,4
3,2
3,3
4,2
4,1
4,4
4,7
5,5
5,4
22,9
24,1
22,8
23,0
24,0
23,7
25,0
24,1
24,7
24,8
24,7
26.1
26,0
26.1
26,0
25,9
26,9
25,8
24,7
27,1
26,8
27,7
27,2
25,7
24,7
23,7
23,5
23,4
21,9
21,9
21,6
22.0
22,0
23,4
23,0
22,3
22,3
22,5
22,3
21,9
22,1
22,5
23,6
22,6
22,3
13,1
13,6
14,1
14,1
14,1
14,2
14,4
14,4
14,4
14,4
14,7
15,2
15,2
15,4
15,4
15,4
15*5
15.5
15,8
17*4
17,4
17,1
17,1
16,5
15,3
15,1
15,1
15,1
14,0
13,0
13,0
12,7
13,9
13,7
12,9
12,6
12,3
12,5
12,4
12,4
12*4
12,4
14,0
14,0
14,0
20,3
22,5
20,8
21,4
21,5
21,8
21,4
18,5
18,8
18.5
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
18,9
19,0
19,1
19,8
19,9
20,7
21,4
19,7
19,6
19,4
19,4
18,9
18,8
18,9
18,9
18,6
18,9
19,2
19,5
15*5
15*3
15,9
16,4
17*0
16,7
15,2
15,3
15,6
15,8
14,7
14,4
14,6
14,8
14,3
14,7
15,4
15,1
14,1
12,8
11,5
13,0
12,4
11,1
11,2
11,5
11,7
11,6
11,3
11,6
12,0
11,8
11,1
11,3
11,7
12,0
11,8
12,2
12,3
12,7
12,7
12,7
13,1
12,7
12,0
i M’ket Rate
3 Months’
1Bank Bills.
23,0
23,2
23,6
24,0
24,6
24,7
24,2
24,1
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
21,7
20,9
20*7
20,8
20,6
20,6
20,3
20,2
20,5
20,5
20*1
20,0
20,0
20,0
20,1
20,3
20,3
20,2
20,3
20,4
20,5
20,4
19,9
Bank Rate.
23,2
23,7
23,4
23,3
23,3
23,8
24,7
24,4
24,4
24,3
24,8
24,6
24,5
24,5
24,9
24,7
24,4
24,2
23,3
25,5
25,3
25,1
25,0
25,5
2^2
25,0
24,6
24,7
24,7
24,3
24,2
24,4
25,1
24,8
24,5
24,2
24,5
24,3
24,1
23,7
23,8
23,8
23,5
23,9
24,0
Reserve of
Notes
and Coin.
V ictorian G ov’ t loa n ...........
Queensland G ov’t loan........
Bengal-NagpurRy.Co.(Lim.)
City o f Sydney, l o a n ...........
Launceston (Tasmanian) l’n
Auckland Harbor B oard ....
H ong K ong G ov’t loa n ........
Boutn Australia G ov’t loan.
St. Lucia G ov’t lo a n ............
W ellington (N.Z.) Gas C o ...
Australian Gas -Light Co. o f
5
« 2 3 ..
Mar. 2 ..
“
9 ..
“ 1 6 ..
“ 2 3 ..
“ 3 0 ..
Apr. 6 ..
“ 1 3 ..
“ 2 0 ..
“ 2 7 ..
May 4 ..
» 1 1 ..
“ 1 8 ..
“ 2 5 ..
June 1 ..
«
8 ..
« 1 5 ..
« 2 2 ..
« 2 9 ..
Ju ly 6 ..
“ 1 3 ..
“ 2 0 ..
« 2 7 ..
Aug. 3 ..
Other.
City o f Auckland debent’s.. Jan. 11
Borough
Of
Brunswick
(part o f Melbourne) deb’s. Jan. 19
Mini A verage
rate o f
mum
P . Ct. allotm ’t.
G ov’t.
Date.
Description.
Rate Am ount A m oun t
P. C. requir’d offered.
Bullion In
1 both De-fc
I partments.
!
Note Ciroulation.
It will be noticed that the year’s average is the highest since
a t 96 per cent of the Midland Railway of Uruguay.
In August Messrs. C. de Murietta received applications for 1883. The following statement shows the situation of the
$8,547,364 of the Argentine Republic, and in September Bank of England each week o f 1887 with the Bank and
Messrs. Morton, Rose & Co., offered a six per cent loan of market rates of discount :
£595,000 at 91 per cent of the province of Cordova. In Octo
b a n k OP ENGLAND i n 1887.—[00,000s o m it t e d .]
ber the Chilian four-and-a-half per cent loan for £1,113,781
S e c u r it ie s .
D e p o s it s .
was introduced at 97>£ per cent, and in December Messrs.
Morton, Rose & Co., introduced the Rio de Janeiro & North
ë
1887.
ern Railway, with a capital of £555,000.
A t the end of
ë
#
0
November the conversion of the French 4 ^ per cent rentes
o
Ph
passed off satisfactorily.
Out of 840,000,000 francs only
A
Pr.ct. Pr.ct.
A
A
A
A
A
80,000,000 demanded repayment, the rest accepting three per
A
10*2
5
3*8
Jan. 5 .. 24,8 19,3
9,0
22/7
23,9
17,9
cent rentes at 80*10 per cent.
31«
5
« 1 2 .. 24,4 19,5
10,8
4,6
18,8
16,8
23,8
Colonial and Indian borrowings have been hardly up to the
20,0
11,7
5
24,0
« 1 9 ..
15,1
19,0
3*4
23,7
4,1
3
average this year. They have fallen below the total of 1886,
3,7
5
“ 2 6 .. 23,7 20,8
12,8
13,6
18,7
23,5
27«
13,2
4
3,6
18,9
23,8
13,5
which fell below that of 1885; but they still form an appre Feb. 2 .. 23,9 21,4
13,9
4
2%
“
9 .. 23,5 21,8
4,7
18,7
22,9
13,1
ciable financial item. Annexed is the li s t :
6R
14,9
4
“ 1 6 .. 23*3 22,5
3ifl
22,6
19,0
13,1
4
3 h -h
4
31«
31«
3
3
3
21«
21«
2
2
2
2
2
2
2
2
2
2
2
2
2
2
3
31«
25«
238-1«
1»«
lV ^ S
lh
l V 1*
l-lis
lis
1-118
1
1
V I
•V I
1-118
1
lit
1°8
1V 4
1*4-38
1%
IV I«
214
3
2I8-I4
213-08
2Ve
314
36«
3
3
4
4
4
3V %
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
3 V 78
3 7«
30s
314
31«
31«
318
3
3
3h
3V 14
2V 3
21'«
20s
2%
The allotments of Treasury Bills during the year have been:
A verage Per Cent.
Amount.
D ate.
Three
Months.
Six
Months.
Three
Months.
Six
Months.
d.
6*75
li«
0*25
9
0
0
2
5
1
0
0%
4
II 4
0
A
s.
A
A
9
1,400,000 295,000 3
2 15
2,155,000
1,860,000 626,000 2 19
1
5
1,400,000
880,000 580,000 0 18
1,675,000 325,000 0 15
1
0
1,500,000
8
1.560.000 430,000 1
1
9
1.500.000
3
6
2,000,000
S e p t e m b e r s ___
635,000 605,000 3 11
September 2 3 ___
11
1,045,000
3
515,000
October 3 ............
2 16
October 3 1 ......... 2,080,000
2 18
December 5 ......... 2,325,000
January 3 ...........
January 3 1 .........
M a rcli2 ................
April 1 ..................
M ay 2 ...................
June 3 . . . .............
June 2 4 ................
July 1 .................
July 2 9 ................
3
8.
6
d.
5*75
2
17
11*75
1
1
7
5
10
6
1 19
3
3
9
3 10
IH
1
A
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 follows, stated in pounds sterling:
GOLD AND SILVER IN BANK OP FRANCE.— [00,0008 omitted.]
1887.
Jan.
Feb,
Mar.
April
May
June
July
Aug.
Sept.
Oct.
N o'
Dec.
27
24
31
28
27
24
28
25
29
27
24
29
Gold. Silv’r Tota
£
£
£
48,6
48,9
47,7
47,5
48,0
48,4
48,2
48,1
47,1
45,8
45,4
44,6
45,6
45,8
46,0
46,8
46,9
47,3
47,3
47,7
47,7
47,5
47,7
47,7
94,2
94,7
93,7
93,8
94,9
95,7
95,5
95,8
94,8
93,3
93,1
92,3
1886. Gold Silv’r Total
£
Jan.
Feb.
Mar
April
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
28
25
25
29
27
24
29
26
30
28
25
30
46,1
47,6
50,6
52,1
55,4
55,4
54,3
54,6
54,7
63,6
52,4
49,6
£
£
1885.
Gold. Silv’r To
£
43,3 89,4 Jan. 29 40,0
43,7 91,3 Feb. 26 40,1
44,1 94,7 Mar. 26 40,4
44,8 96,9 April SO 42,1
45,3 101,0 May 28 43,6
45,1 100,5 June 25 46,0
45,1 99,4 July 30 46,3
45,3 99,9 Aug. 27 46,8
45,5 100,2 Sept. 24 47,0
45,6 99,2 Oct. 291 45,9
45,6 98,0 Nov. 26 4$, 5
45,8 95,4 Dec. 31 46,3
£
£
41,1 81,1
41,6 81,7
42,4 82,8
42,5 84,6
42,9 86,5
43,3 89,3
43,3 89,6
44,1 90,9
44,2 91,2
89,7
90,2
89,7
days
34 days
35 days
14 days
21 days
14 days
98 davs
28 days
121 days
——--------3*34 365 days
R E V IE W OF PRICES IN JA N U A R Y — STOCKS,
GOVERNMENT BONDS AN D
FO REIG N EXCHANGE.
The following table shows the highest and lowest
prices of railway and miscellaneous stocks at the N. Y .
Stock Exchange during the month of January, 1888.
154
THE CHRONICLE.
RAILROAD AND MISCELLANEOUS STOCKS.
R a il r o a d s .
E a il r o a d s .
A lban y & Susqueh’a ..
A tcM son Top. &S.Fe.
Atlantic & P acific.'.'..
Bell. & So. 111., p re f..
Boat. &N.Y. Air L .,p f.
Buff. R ocb. & P ittsb..
Canadian P acific.......
Canada Southern.......
Cedar Falls & M inn..
Cent. Ia., 1st, ass. p d.
Do
2d, ass. p d .
Central o f N. Je rse y ..
Central P a c i f i c .......
Ches. & O hio..............
Do
1st p r e f..
Do
2d p r e f..
Chicago & A lto n .......
Do
pref—
Chic. Burl. <fc Quincy.
Chic. & E ast 111.........
Do
<
p re f..
Chic. & Ind. Coal R y .p f
Chic. Mil. & St. Paul.
Do
p r e f..
Chic. & N orth w est...
Do
p r e f..
Chic. & R ock Island..
Chic. St. L . & P ittsb..
Do
p r e f..
Chic. St. P. Minn. & O .
Do
p r e f..
Cin. Ind. St. L. & Chic.
Cin. Wash. & B a lt ....
Do
p re f..
Clev. Col. Cin. & I n d ..
Clev. & P ittsb.,guar..
Col. H ock. V a L & T ol.
Del. Lack. & Western
Den. & B io Grande...
Do
p re f..
Des Moines & Ft. D ..
E . Tenn. Ya. & Ga. B y
Do
1st pref.
Do
2d pref.
Eliz. Lex. & B ig San’y
E vansville & T. H . . . .
Ft. W orth & Denv. C.
Green B. Win. & St. P ..
H arlem ........................
■ Illinois Central...........
D o L’ sed L in e4 p .o
Ind. Bl. & W est...........
Keokuk & Des M .......
Kingston <fc Pembr’ke
Lake E rie & W est’n . .
Do
p re f..
Lake Shore.................
L ong Island................
Louisville & N ash v..
Louisv. N. A. & Chio.
Manhattan, c o n so l...
Do
righ ts..
Manhattan Beach Co.
Marq. Hough. & O ...
Do
p r e f..
Memphis & Charlest’n
M exican Central.......
M ichigan Central___
M ilw .L . Sh. & W est..
Do
p re f..
M inneapolis & St. L ..
Do
p re f..
Mo. Kans. & T exas...
Missouri P acific.........
M obile & Ohio............
Morris & E ssex..........
Nash. Chatt. &St. L ..
93%
10
75
98
50
56%
53%
5%
2
4%
75
30%
4
7
4%
135
163
127%
41%
93%
91%
74
112%
106%
140%
111%
13
36
38%
105%
75%
3%
6
52
153
23
128%
21%
52
8%
10
59%
21%
10
87
40%
8%
212
116%
93%
13
5
27%
14%
44
92%
89
60%
39
85%
3
10
,18
8334
52
14
82%
76%
99
5%
16
16%
82%
9%
135
76
¿96%
10%
75%
99
50
62%
5634
5%
4
5
80%
33%
4%
10
6
139
165
130%
43%
94%
94
77%
115%
110%
145
114%
14%
38%
40%
109
79%
4%
6%
53
157
25%
133%
23
55
8%
10%
62%
23
10
88%
46%
9%
220
121%
96
14
5
30%
16
47
95%
91
64%
39
96
3%
10%
18%
90
53%
15
87%
80
104%
9%
17%
18%
89%
13%
13934
80
Ja n u a r y
E xpress.
A d a m s .... ..................
Am erican.......... .
United States............
Wells, Fargo & C o.. . .
and
M in in g .
Colorado Coal & Iron
Colum. & Hock. Coal.
Consolidation C oal...
Homestake M ining...
Marshall Con. C oal..
Maryland Coal...........
New Central C oal___
Ontario Silver M in..
Pennsylvania.............
Quicksilver M ining..
Do
p r e f..
Tenn. Coal & I r o n .. . .
Wlfitebreast Fuel Col
V a r io u s .
Am.Cotton Oil Trust.
Amer. Tel. & C able...
Consolidated Gas Co.
Del. & Hudson Canal.
Oregon Im prov. C o..
Oregon B ’y & Nav.Co.
Pacific M ail................
Philadelphia C o.........
Pipe Line Certificat’s
Pullm an Palace Car.
Western Union T e l...
107
1612
66%
31%
102%
27%
61
36
215
108
17%
73
37
103%
29%
' 65%
39%
223
22%
21
16%
8%
29%
15%
42%
21%
45%
23
11%
15
20%
18%
9%
33%
.18%
47
23
47%
25
12
17%
22%
23
19
63% 67%
153
151
140 140
38
37
163% 165
2 1 % 23%
58
55
88
84
39
36
16%
13%
35% 36%
70% 73%
116
112
62%
60
1 0 0 % 105
114%
109
9%
7%
24% 27%
55% 58%
51
51
14% 16
25% 28%
44% 54%
143 145
106% 108%
74
67
130%
128
34% 38%
26% 30
26% 28
12
10
7
7
14
14
14% 14%
27
28
265
260
10
13%
33% 38%
27% 32%
88% 73
29% 34%
73
70
75
78
112
103
45% 55
89% 94%
34% 37%
99
103
85% 97%
144%
140
76% 79%
The range of Government bonds sold at the Stock Exchange
in January was as follows:
GOVERNMENT BONDS.
4%s, 1891,
4%s, 1891, 4s, 1907, 4s, 1907,
reg.
Opening.. 108%
H ighest.. 108%
L ow est... 108
C losing... 108
court.
reff.
coup .
107%
108%
107%
108%
125%
126%
125%
126
126
126%
125%
125%
6s, Our.,
’98 req.
*125
*127
*125
*125
6s, Our.
’99 reg.
*127
*128%
*127
*127
* P iices hid—no sales 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
Jan.
1 ....
2 ....
3 ....
4 ....
5 ....
6 ....
7 ..
8 ..
9 ....
1 0 ....
1 1 ....
1 2 ....
60
d a ys.
.........8.
....H o li
4 83%
4 83%-4
4 84-4%
4 84
4 84-4%
..
.........8.
..
4 84%-5
4 85
4 85
4 85
D e
m and.
............
d ay .......
4 87
4 87
4 87-7%
4 87
4 87-7%
Jan.
60
d a ys.
D e.
m an d .
1 3 .... 4 84%-5 4 87-7%
1 4 .... 4 84%-5 4 87-7%
1 5 .... .........8.
1 6 .... 4 S4%-5 4 87-7%
1 7 .... 4 84%-5 4 87-7%
1 8 .... 4 84%-5 4 87-7%
1 9 .. 4 84%-5
..
4 87-7%
2 0 .. l 85..
4 87%
4 87%-8 2 1 .... 4 85
4 87%
2 2 .... ........ s.
4 88
2 3 .... 4 85-% 4 87%-8
4 88
4 87-7% 2 4 ....1 4 85-% 4 S7%-3
JANUARY, 188 8 .
J a n.
2 5 ....
2 6 ....
2 7 ___
2 8 ....
2 9 ....
3 0 ....
3 1 ....
First
High
Low.
Last
60
Dc*
d a ys.
m ande
4 85-%
4 85-%
4 85-%
4 85-%
.........S.
4 85
4 84%
4 87-%
4 86%
4
4
4
4
4
1
4
4
83%
85%
83%
84%
s i,
1888.
D e c e m b e r 8 1 ,18S7.
H igh.
L ow .
N. Y. Cent. & Hud. B .
N. Y.Chic. &St. Louis..
Do
1st p re f..
Do
2d p r e f..
N. Y. Lack. & W est...
N. Y. Lake Erie & W.
Do
p r e f..
N. Y. & N ew England
N. Y. N. H. & Hartf’rd
N. Y. & North., p r e f..
N .Y . Ont. & W e s t....
N .Y . Susq. & W e st...
Do
p re f..
N orfolk & W estern...
Do
p re f..
Northern P a cific.. . . .
Do
p r e f..
Ohio & M ississippi..
Ohio Southern___ . . .
Oregon Short L in e..
Oregon & Trans-Con.
Peo. Decat. & E ’ville.
Phila. & Beading___
Pittsb.F.W.&C., guar.
Do
special..
Pittsb. & West., p ref.
Rensselaer & Sar.......
Richm ond & W est Pt.
Do.
p r e f..
Rom e Water & Ogd.
St. L. A lton & T . H ...
St. Louis Ark. & Tex.
St. L. & S. Francisco.
Do
p r e f..
Do
1st p r e f..
St. P. & D uluth.........
Do
p r e f..
St. Paul Minn. & Man.
South Caroina R B . . .
Texas & P acific.........
Union P acific............
Virginia Midland___
Wab. St. L. & P a o ....
Do
p r e f..
W heeling & L. E rie..
Co a l
[VOL. XL'VT.
4
4
4
4
87%-8
87%-3
87%-8
87%-8
87
88
86%
86%
Balances.
|
an i
L ia b ilit ie s ]
G o ld —Coin .............
B u llio n ................ .
Balances.
182.618.961
122,723,2<
Total gold ........... (Asset) 307,809,155
Certificates issued...... 125.622,181
Certificates on h a n d ... 20,668,210
Certiflc’s, net.(Liability) 104,853,971
Net gold in treasury.
Sil v e r —Dollars.stand’rd
Bullion.......................
305,342,1,c
127,744,75
31,010,31'
202,955,184
Certiflo’s, net.(Liability) 179,321,053
Net silver in treas’y
0 . States notes....(Asset) 28,860,469
Certificates issued........ 10,925,000
280,000
Certificates on h a n d ....
Certiflc’s, net .(Liability) 10,645,000
Net U.8.notes in treas
Trade dollar bullion......
National Bank notes.......
Deposits in Nat. Banks..
48,153,850
18,015,469
6,660,023
96,714
59,372,937
B a la n c e s ... .(A s se t)
3 3 3 ,2 5 7 ,2 0 7
P u b l ic D e b t a n d I n t .—
2,250,803
Interest due, unpaid.. . .
4,208,068
A ccrued in te re s t.... . . . .
2,914,86r
Matured d eb t................
176,982
Inter’t on matured debt
Int. prepaid not accr’d.
Debt bearing no inter’st ........1,015
Int. on Pac. R R . bonds
due, unpaid............ M
A cc’d int.,P ac. R R .b ’ds
Debt and int.(Liability)
Fract’l cur’cy redeemed
U. 8. bonds and inte’ st.
Int.cb’cks & coupons p’d
Reg. & coup. int. prep’d
96,734,('5
218,917,5 >
3,232,63?
208,608,13$
222,150,173
183,104,991
6,339,5 ;o
Total sliver......... (Asset)
Certificates issued........
Certificates on h a n d ....
176,855,423
45,204,703
22,409,425
7.115.000
13J.000
6.985.000
16,424.425
6,729,230
164,098
52,199,917
3 2 8 ,4 2 0 ,5 4 8
1,652,627
8,400,479
3,163,955
178,302
796
9,990
1,938,706
15,344,945
796
185,317
168,332
Debt and inter’st.(Asset)
D ’bt&int.neULiability)
Res’ve for red. U.8. notes. 100,000,000
Fund held fo r redemp. o f
notes o f Nat. Banks.. .. 101,201,754
Five p. c. f ’nd fo r redemp.
6,973,573
o f Nat. Bank notes......
Redemp.res’r.(LiabiIUy( 208,265,327
Nat. Bank notes in pro
cess o f redem p.. .(Asset) 7,685,488
Net Tes'rves.(Liability)
Post Office dep’t account. 4,860,590
Disburs’g Offioers’ bal’ces. 28,205,604
Undistrib’d ass’ts o f fa il’d
1,438,160
National banks..............
Currency and minor coin
661
redemption a ccou n t....
Fractional silver coin re
920
demption account........
Redemption and exch’ge
612,410
account...........................
Treasurer’s transf’r c h ’ks
and drafts outstanding. 4,080,532
Treasurer U. 8., agent for
495,568
paying int. on D.CoLbds
2,709,537
1,781,997
9,768,268
7,878,699
4,755,341
200,579,839
N et b a l a n c e — (A sse t)
Assets not available—
Minor coin.....................
Subsidiary silver co in ...
1,703,679
1,420
8,600
413,956
I
2,819,738
123,437
42,081,140
14,212
42,060,92#
2 5 0 .0 2 6 ,4 6 1
2 5 8 ,5 7 7 ,6 6 »
8 5 ,2 3 0 ,7 4 6
6 9 ,8 4 2 ,8 7 9
55,761
113,617
25,019,973
24,327,029*
94,226,169
110,364,336
Aggregate net Asset........
205,658,12#
4,248.474
32,766,886
89,683,354
B a l a n c e s . .( L ia b ilit y )
10,852,61#
210,413,467
T otal.............(Liability) 39,793,444
110,090
Int. on D.Col.bds pd (Asset)
N et............. (Liability)
4,492,330
100,000,000
102,034,768
THE DEBT STATEM ENT FOR JAN U ARY, 1888.
The following is the official statement of the public debt as
it appears from the books and Treasurer’s returns at the close
of business January 31, 1888.
IN TER E ST-B E AR IN G DEBT.
Character of
Issue.
4%«. ...... 1891.
Is .............1907.
4s refdg.certfs.
Ss, pension -..
Pacific R R s--.
Aggregate
Amount Outstanding.
Inter’t
P ’y ’ble Registered.
Coupon.
Total.
Q .-M .
Q .-J .
Q .-J .
J.& J.
J.& J.
$
$
192,854,950 37,0*9,650
620,762,150 111,684,850
*04,623,512
Int. Due Accrued
<fcUnpaid. Interest.
$
$
%
230,544,600
210,674 1,729,084
732,447,600 1,568,055 2,441,492
147,350
51,572
491
14,000,000
85,000
420,000
*64,623,512
57,749
323,117
878,241,212 149.374,500 1,041,763,062 2,308,052 4,529,185
*2,362,000 matures Jan. 16,1895; #640,000 Nov. 1.1895; #3,680,000 Jan. 1,1896
#4,320,000 Feb. 1,1896; #9,712,000 Jan. 1,1897; #29,904,952 Jan. 1,1898; #14,004,569
Jan. 1,1899.
DEBT ON W H IC H IN TEREST H A S CEASED SINCE M A T U R IT Y .
Aggregate o f debt on which interest has ceased since maturity is $2,914,365 ;
Interest due and unpaid thereon, $176,981. This debt consists o f a number o f
item s o f which the principal amounts are called bonds, the principal item
being $983,200 called 3 per cents o f the loan o f July, 1832.
DEBT BEARING NO IN TEREST.
___
Am ount.
UNITED STATES TR E AS U R Y STATEMENT.
Less amount held in Treasurer’s cash.................
The following statement for January, from the office 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 :
Less amount held in Treasurer’s cash.................
A ssets
Less amount held in Treasurer’s cash . . . ..........
Less amount estimated as lost or d estroyed....
Aggregate o f debt bearing no interest................
$50,940
346,681,01«
10,925,000
280,000— 10,645,000
125,522,181
20,608,210- 104,853,971
194,251,570
14,930,617— 179,321,003
15,317,759
8,375,934—
6,941,828
$648.499.805
IMPORTS AND EXPORTS B Y PRINCIPAL CUSTOMS DISTRICTS.
REC A PITU LA TIO N .
Interest.
Principal.
Interest-bearing d e b t ..................
Debt on which int. has ceased...
Debt bearing no in te re s t.............
$
1,041,763,062
2,914,365
648,499,805
$
6,837,237
176,981
1,693,177,232
7,014.219
$
1,048,600,299
3,091,347
648,499,805
1,700,191,452
404,749,624
Total debt, less available cash item s..............................................
1,295,441,827
85,280,746
Debt, less cash in the T rea sn rj, February 1,1888...........................
Debt, less cash in the Treasury, ajiuary 1,1888.. ............... . . . . . .
1,210,211 ,C8l
1,225,598,401
15,387,320
69,217.655
Decrease o f debt during the mi r
P AC; FIO RAILROADS.
Int. repaid by Companies. Balance
Interest
Interest
Principal accrued
B y cash pay- of Inter'st
Name
paid by B y Trans
Out
paid by
and not
m'ts: 5 p .c.
portation
o f Railway.
standing. yet paid. the U. S.
net earnings. the U. S.
Service.
$
25,885,120
6.303.000
27,236,512
1.600.000
1,970,560
1,628,320
$
129,425
31,515
136,182
8,000
9,852
8,141
$
30,441,537
7,831,143
32,311,708
1,981,808
2,200,300
1,903,943
$
5,574,938
3,564,462
11,530,443
819,833
9,367
134,578
Im po r ts.
Total.
Less cash Items available fo r reduction o f the debt.. .$304,749,624
Less reserve held fo r redemption o f U. S. n otes........ 100,000,000
Gen. Pacific.
■Kan. Pacific.
U ni’n Pacific
Gen. Br. U.P.
W est. Pacific
’Bioux C. & P.
155
TH E CHRONICLE.
P eBRUARY4, 1888.1
$
658,283
438,409
6,926
$
24,208,316
4,266,680
20,342,855
1,655,048
2,190,933
1,769,365
1,103,619 54,433,199
383,117 76,670,441 21,133,622
Totals .. . . 64,623,512
x n e HlUKlUg iUUUBUClu
»uuu. ***" ▼—»— — . . .
"Which $2,815,008 was on account o f Central Pacific and $6,370,291 on acoount o f
Union Pacific.
________________________
CUSTOMS D IS
TRICTS AND
FORTS.
D e c e m b e r , 1887.
12 month* ending
Dec. 31.
Imports.
1887.
Exports.
12 months ending
Dec. 81.
1886.
1887.
1886.
$
$
692,985 3,9S2,126 IS.0I 5.88O 11,785,113 49.828,105 46.810,388
Baltlmore.Md.
Boston, Mass. 4.018,507 5,110,688 62,504,425 60,342,862 56,666.816 58,627,028
424,262
878,068
31,470 6.558,446 6,143,514
738,819
BnffaloCk.N.Y
68,775 3,844,265 3,147,944 1,692,658 1,621,581
Champl’n, N.Y
200,005
17,410,236
15.288.316
635,075
481,566
2,056,494
74,016
Charlest’n, S.C
2,513 12,384,261 11,159,078 1,597,782 1,950,254
1,031,922
Chicago, 111—
2,422.794 2,208,173
207,277
Cincinnati, O.*
302,017 2,852,392 2,519,040 4,373,990 4,955,987
232,854
Detroit, Mich.
69,393 3,988,189 2,436,081
160,044
13
2,551
Duluth, Minn.
658.182 18,840,314 16.994,106
786,718
88,870 3,724,930
Galvest’n, T ex
010.392
631,778
60,681
Milw’kee,W ls.
862,009
782,"¿2i
46,484 2,168,773 1,251,010
84.566
Minn’s’a.Minn
45,283 3,327,353 2,614,550
78,022
546.291
4,068
Mobile, A la ...
607,704 11,240,254 10,211.368 8,760,550 88,977.364 81,355.876
New Orl’ns.La
New York,N.Y 34,370,929 29,044,565 465.133,272 437,462,207 318,148,314 318,lit',831
+66,715
+41,189
3,807,372 3,097,698
+
410,745
Niagara, N .Y..
80,1)75 14,714,404 15,205,920
119,262
36,854 2,467,652
Norfolk, V a ...
1,527,117
1,208,116
169,368
228,537
89,477
Oregon, Oreg..
94,144 2,319.247 2,578,810 1,768,834 1,061,10»
108,846
Oswega’ie.N.Y
1,387,470
15,538 4,954,053 4,877.463 1,802,791 33,059.674
163,247
Oswego, N .Y ..
Philadel’a, Pa. 2,886,665 2,363.898 39.568,488 37,997,529 33,889,187
2,563,623
2.424.564
2,025,999
1,770,123
561,018
40,214
Portland, Me..
3,109,380 2,979,337
273,164
St. Louis,Mo.*
28,607,454 36,050,72Ì
San Fran., Cal 3,396,974 2,711,515 41,603,048 39,080.837
855,433 23,061,909 21,604,832
181,111
38,143 2,755,105
Savannah, Ga
129,328 5,9*2,484 5,592,140, 1.433.564 1,734,714
505,889
Vermont, V t ..
357.719 3,052,210 6,466,912
416,723
604.292
82,197
Willamette,Or
199,941 7,047,963 5,951,103
138,238
836,718
9,409
Wilmi’g ’n, N.C
99.897 9,652,75t 6.088,176
473,129
40,201 1,452,812
Yorktown, V a
Totals, (in
cluding all
713,404,021
________
oth’r Dists.) 52,100,180 73,230,963(768.807.311 663.429,1891715,320,956
Remaining in warehouse December 3 1 ,1 8 8 6 ...........................
Remaining in warehouse December 3 1 , 1 8 8 7 .................■
* Interior ports to which m erchandise can be transported w ithout
appraisement, under act of Jane 1 0 ,1 8 8 0 .
t Incom plete in the absence o f law providing tbe means
^
the statistics of exports to adjacent foreign territory b y railroad oars
and other land vehicles.
________________ _
IM PORTS A N D EXPORTS FOR DECEMBER.
The Bureau of Statistics has issued its detailed statement of
the foreign commerce of the country for the month of Decern,
her, and the eix and twelve months ended with December 31,
1887, as well as comparisons for the corresponding periods of
the preceding year, as follows :
L
1 8 8 7 .—E xports—D om estic....... $71,963,925 $379,342,173 $703,339,603
5,588,719
11,981,353
1,267,038
F o re ig n .........
T ota l.......................... $73,230,963 $384,930,892 $715,320,956
Im ports........................... 52^100,180 _351,327,120 708,807,311
$6,513,645
E xcess o f exports over im ports $21,130,783 $33,603,772
E xcess o f im ports over exports
$699,519,430
$379,025,493
1886.—E x p o rts-D o m e stic....... $84,104,021
13,884,591
6,767,654
1,313,303
F o r e ig n .........
T ota l.......................... $85,417,324 $385,793,147 $713,404,021
663,429,189
334,839,577
56,278,102
Im ports
E xcess o f exports over im p o rts,$29,139,222 $50,953,570 $49,974,832
E xcess o f im ports over exports!
ondon,
The financial event of the week
stock.
F o r the 12
F o r the 6
M onths end ed M onths end ed
D ee. 31.
D ee. 31.
s
[From our ow n correspondent.]
of tenders
MERCHANDISE.
F o r the
m on th o f
D eeem b ir.
B X t f t t j e t a r ö i C t f r o r a a j j c t a l ‘g t t f i l t s f t g m
for
January 21,1888.
has been the receipt
£10,000,000 Local Loans three per cent
The whole amount offered was subscribed, but the
mere fact that the whole of the tenders were accepted is evi
dence that the rush for the stock has not been so great as was
expected.
Tenders of consols for exchange for the Local Loan stock
were made at an average 01 £ 1 0 1 16s. 7d. per cent, and o f
reduced and new three per cent at about £ 1 015s. lid . per cent
These rates
vary little above the minimum,
which was
£ 1 0 1 15s. per cent for consols and £101 5s. per cent for reduced
and new three per cent.
Previous to the receipt of the ten
ders the amount of the stock quoted in the official list was
GOLD AND SILVER— COIN AND BULLION.
18 87. -E x p o r t s —Gold—Dorn...
Foreign
T ota l.........
Silver—D om —
Foreign.
T ota l.........
Total ex p o rts..............
Im ports—G old ...............
S ilv e r ............
T ota l.............................
E xcess o f exports over im ports
E xcess o f im ports over exports
1 8 8 6 .—E xports—Gold—D om ...
Foreign
T o ta l..
Silver—Dorn...
Foreign
T o ta l..
T otal e x p o r ts ...
Im ports—Gold . . .
S ilver...
T ota l...................
E xcess o f exports over imports
E xcess o f im ports over exports
$1,892,859
$352,652
201,299
125,213
$2,094,158
$477,865
$2,944,354 $10,422,149
4,871,056
588,549
$3,532,903 $15,293,205
$4,010,768 $17,387,363
$1,805,276 $38,893,853
9,244,635
1,496,453
$3,301,729 $48,138,488
$709,039
$3 0 ,7 5 Ì,Ì2 5
$2,506,612
$299,517
32,428
5,830
$2,539,040
$305,347
$7,708,218
$1,776,551
6,348,382
1,711,875
$3,488,426 $14,056,600
$3,793,773 $16,595,640
$11,655,807 $36,914,627
9,732,740
2,027,868
$13,683,675 $46,647,367
$9,889,902
$5,091,551
4,164,754
$9,256,305
$19,718,967
7,814,142
$27,533,109
$36,789,414
$44,889,827
16,772,086
$61,661,913
$24,872,499
$32,388,509
8,894,713
$41,283,222
$16,252,347
10,803,629
$27,055,976
$68,339,198
$41.309,181
17,223,465
$58,532,646
$9,806,552
$30,051,727
TOTAL MERCHANDISE AND COIN AND BULLION.
F o r the
m on th o f
D ecem ber.
1 8 8 7 .—E xports—Dom estic —
F oreign.........
T otal.....................
Im ports...........................
E xoess o f exports over imports
E xcess o f im ports over exports
1 8 8 6 .—E xports—Dom estic —
F oreign.........
T ota l.....................
Im ports............................
E xcess o f exports over im ports
E x cess o f im ports over exports
F or the 12
F o r the 6
M onths end ed M onths end ed
Dee. 31.
Dec. 31.
$75,260.931 $391,657,181 $728,150,121
23,960,249
30,661,074
1,980,800
$77,241,731 $402,318,255 $752,110,370
55,401,909 399,465,608 770,469,224
$2,852,647
$21,839,822
$18,358,854
$86,180,089 $389,240,323 $748,160,286
13,148,464
33,582,933
3,031,008
$89,211,097 $402,388,787 $781,743,219
69,961,777 381,486,944 721,961,835
$19,249,320 $20,901,843 $59,781,384
£26,558,959, and with this new issue it is presumed that the
authorized amount of £37,200,000 has been completed.
This attempt on the part of Mr. G oschei to ascertain the
views of 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
before the House of Commons it will contain no reference to
any such measure; but those who put forward this asser
tion, can have but little knowledge of Mr, Goschen. H e is
not the man to be easily turned aside from the course
he has made up his mind to pursue. That an attempt will be
made to reduce the interest is, in well-informed circles,
regarded as certain, but there is some difference of opinion
as to the mode of procedure.
The tendency is now, and has, indeed, been for some tim e
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
1033^ with the dividend just paid. W e have had an instance
this week of the welcome awaiting what are regarded as
sound issues. 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 9 3 ^ per cent, but wera
at once quoted at 100.
The Bank of England has further reduced its rate of dis
count from 33^2 per cent, at which it was fixed a week ago—
the rate having previously to that been 4 per cent since Septem i
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.
156
THE CH E0N 1CLE.
J[Yol. XL\I,
to understand w hy the full movement was not carried out Branch) 5 per cent first mortgage bonds, the issue price being
last week. Unless there be some early improvement in the 9 8 ^ per cent. The bonds, which mature on 1st July, 1937,
demand for money, a further decline m ay occur. The revenue have the direct guarantee of the railway, and have further a
collections should, however, now begin to tell upon outside first mortgage on the Algom a Branch.
The list was only
balances. The payment of the income tax is especially heavy kept open for two hours, and in that short interval over
this quarter, and as this revenue is swept into the coffers of £5,000,000— that is more than seven times the amount re
the Bank of England, it will give that institution a stronger quired— was subscribed.
hold over the open market. Following the movement at the
The wheat trade has been rather deficient in animation, the
Bank of England, the joint stock banks and discount houses toneflhaving been dull, notwithstanding the cold weather.
have reduced their rates o f allowance % per cent, the former Imports have not been large, nor have importations been at
giving 1% per cent for money at notice and the latter
per all excessive, but supplies, available have been ample for a d
cent for money at call and 1 ^ per cent with notice. The requirements. Business has throughout progressed slowly,
weekly Bank of England return was favorable. The reserve but prices, though at times disposed to be weak, have not
gained £723,571, making the total £13,050,000, and the pro. actually receded. There does not appear to be that belief in
portion to liabilities has increased from 40*16 to 42*35 per cent. an early speculation for the rise which it was thought would
There are no borrowers of loans just now , and the price is be warranted by the actual results of last harvest, and the
nominally 1 per cent, while the discount rate for three months improvement is not nearly so decided as was hoped for. The
bills is weak at 1% per cent.
Imperial average for the past week is certainly higher than
The rates for money have been as follows:
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.,
Interest allowed
Open market rates.
or nearly 5s. per qr. higher. The average for the twenty
for deposits by
«
Bank Bills.
weeks o f the season is only 30s. Id ., against 32s. Id. per qr.
Trade Bills.
Disc’t ITse.
London
Joint
last season— hence it is very clear that the farming interests
Six
Three Four
Three
Four
Six
Stock A t 7 to 14
Months Months Months Months Months Months Banks. Caü. Days. have not up to the present had much to congratulate them
Dec. 16 4 2%® - 2%® - 3%®3& 8 )4@ m 3%@8H
2% 2 % -W selves upon, Current values are certainly some 2s. 6d. per qr •
2%
“
23 4 2%@ - 2%® - 2%® - 3%@3% 3M@8M 3%@8%
2% 2M-2% above the lowest touched since September 1 last, but a heavier
2«
“
80 4 2 « ® m 2
- 2%® - 3%@4 8%@4 3%@4
2% 2H-2H improvement was calculated upon before this.
2%
Jan. 6 4 2 <&&i |2%® - 2%® 2 2H-2U
2%®S% 2%®3>*
2%
The following shows the imports of cereal produce into the
“
13 8% 2 ® — 2 @ — 2 @ — 2M&8M 2%@3%2%®S%
2
m 2 -2
“
20 3 1%® - 1%® - 2 ® — 2%®3 2M@3 l2%®3
1M IM-1M United Kingdom during the first 20 weeks of the season, and
other items compared with previous years:
The following return shows the position of the Bank of
IMPORTS.
England, the Bank rate of discount, the price of consols, & c .,
1887-8.
1886-7.
1885-6.
1884-5.
compared with the last three years :
Wheat................... CW t. 19,662,750 18,704,982 21,201,632 18,938,722
1887.
Circulation, excluding 7-day and
*
23,826,290
6,091.164
Other deposits.................................... 25,507,095
16,339,304
19*85341
13,049,556
20,675,846
42*35 p. c.
3 p. C.
Consols............................................ .
102%
Clearing-House return..................... 146,644,000
1886.
1885.
£
24,088,635
4,189,856
23,717,053
15,181,805
19,099,000
11,711,033
20,029,718
41% p. c.
5 p. o.
101
139,415,000
1884.
£
£
24,303,680
3,649,060
27,624,389
15,946,615
20,968,599
12,400,050
20,953,690 A UjLOj ¿
39M p. c.
5 p. e.
100
09%
126,633,000 104,911,000
11 U71
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:
Bates of
Interest at
Jan. 20.
Jan. 13.
Bank
Open
Bate. Market
P aris...................
B erlin..................
F rankfort..........
H am burg...........
A m sterdam ......
Brussels ..........
M adrid...............
Vienna................
St. Petersburg..
Copenhagen.......
3
8
3
3
2M
3%
4
4
5
3
2%
1%
m
1%
2%
3
4
3%
5%@6
3
Bank
Bate.
3
3
3
3
2%
3%
4
4
5
3
Jan. 6.
Open Bank
Market Bate.
2%
1%
m
1%
2%
3
4
3%
5%@6
8
Dec. 30.
Open Bank
Open
Market Bate. Market
3
3
3
3
2%
3%
4
4%
5
3
2%
1%
2
2%
3
4
4%
5
3
3
3
3
3
2%
3%
4
4%
5
3
3 2%
2%
2%
2%
3%
4
4%
5
3
Messrs. Pixley & Abell write as follows on the state of the
bullion marker:
Gold—A strong demand exists fo r Holland, and such small amounts
as have com e to hand have heen readily absorbed for that quar
ter. * 5 8 ,0 0 0 has been withdrawn for Portugal, and * 1 5 ,0 0 0 sovereigns
from China has been paid into the Bank o f England. A rrivals *12 ,000
from South A frica, and * 6 ,0 0 0 from West Indies; total, *18,000. Shiom ents—* 1 4 ,6 0 0 to Bombay.
Silver—A recovery from 44 5-16d. to 44 7-16d. took place on Monday,
in consequence o f special requirements and better rates from the East;
but with the allotment at Is. 5d. on Wednesday, a relapse took place to
the first quotation, and the market closes steady at this price. *73 ,000
has arrived from New Y ork and *1 2 ,0 0 0 from Chili; total, *85 .000
*1 6 2 ,0 0 0 has been shipped to India.
M exican Dollars—Transactions took place at 43%d. during the week
but in consequence o f the low er price fo r silver, the rate to-day is 43 %d
nominal.
Barley...........................
Oats...............................
Peas...............................
Beans............................
Indian c o m .................
F lour.............................
8,021,719
6,878,490
1,420,439
946,862
9,232,955
7,524,276
9,702,676
6,453,296
976,798
977,933
9,165,253
6,122,901
6,075,471
4,466,973
920,930
1,321,782
10,349,976
4,906,290
7,728,042
4,525,462
889,695
1,518,061
7,243,712
5,973,995
Supplies available for consumption (exclusive of stocks on
September 1):
1887-8.
Imports o f wheat.cwt. 19,662,750
Im ports o f flo u r ......... 7,524,276
Sales o f hom e-grown. 17,105,541
1886-7. '
18,704,982
6,122,901
14,549,088
1885-6.
21,201,632
4,906,290
17,074,056
1884-5.
18,938,722
5,973,995
18,987,732
T ota l.......................44,292,567 39,376,971 43,181,978 43,900,449
1887-8.
1886-7.
1885-6.
1884-5.
A ver, price w heat..........week. 31s. 4d. 36s. 3d. 29s. lOd. 34s. 2d.
Aver, price w heat.......season. 30s. Id . 32s. Id . 30s. 9d. 32s. 2d.
E n g lis h
F in a n c ia l
I Q a r K e t s -P e r (la b ia .
The daily closing quotations for securities, &c., at London,
are reported by cable as follows for the week ending Feb
ruary 8.
L ond on.
Silver, per o z ............... d .
Consols for m oney..........
Consols for account........
F Pch rentes (in Paris) fr.
U. S. 4%s o f 1891...........
IT. S. 4s o f 1907...............
Canadian P acific............
Chic. Mil. & St. P a u l....
Erie comm on s t o c k ......
Illinois Central................
P en n sy lv a n ia .................
Philadelphia & Beading.
New York Central..........
44%
44%
10213, « 1025,
10213, ß 1025, ß
81-45 81-42%
110% 110%
129% 129%
60%
60%
79
78%
29%
29%
123
124
56%
56%
33%
34%
111
111
443j s
102%
10215,0
81-42%
110%
129%
59%
78%
28%
124%
56%
34%
110%
44%
10211, «
10211,«
81-70
111
12934
59%
78%
28%
124%
56%
34%
110%
44%
443«
1029,« 102716
10211,ft 1 0 2 %
81-52% 81-40
111
110%
130
130
59%
58%
78%
78%
28%
28%
124% 124%
56%
56
34%
34%
110% 1 1 0 %
@0raraje*xtal and ^Uscellauemts Himrs
G o v e r n m e n t R e v e n u e a n d E x p e n d i t u r e s . — Through the
courtesy of the Secretary of the Treasury, we are enabled
to place before our readers to-day the details of Government
receipts and disbursements for the month of January,
From previous returns we obtain the figures for previous
months, and in that manner complete the statement since the
beginning of the fiscal year for 1887-88 and 1886-87.
The quotations for bullion are reported as follows :
GOLD.
London Standard.
Jan. 19. Jan. 12.
s. d.
Bar gold, fin e....oz. 77 9M
Bar gold, contain’g
20 dwts silver..oz. 77 10%
Span.doubloons..oz.
*t&Am,doubloons.oz.
s.
d.
77 9%
77 10%
SILVER.
London Standard.
000s Omitted.
Jan. 19. Jan. 12.
d.
d.
Bar silver...........oz. 44 5-16 44 7-16
Bar silver, contain
ing 5grs. gold ..oz. 44 11-16
Cake silver........ oz. 47 13-16
Mexican d o ls ... .oz.
43%
43%
Messrs. Baring, Bros. & Co. are receiving subscriptions for
an issue _ of £750,000 Canadian Pacific Railway (Algoma
Cus
toms.
Inter'l Misc'ls Total. j Cus
toms.
Bev'ue Sourc’s
$
%
July.......................... 18,215 9,768
A ugust.................... 22,687 10,850
September.............. 20,799 10,442
O ctober................... 19,596 10,829
Novem ber.............. 15.742 9,881
Decem ber............... 15,420 10,602
January.................. 18,276 9,401
$
2,832
2,081
2,619
3,414
3,505
3,038
3,096
$
30,815
35,618,
83,860,
33,839
29,128|
29,060
30,773
$
17,899
21,193
20,086
16,758
15,087
16,332
17,021
Inter’l Misc’ls lotdi.
B ev’ue Sourc’s
$
9,480
9,990
9,460
9,479
9,581
9,544
8,780
$
2,258
2,439
2,141
3,301
3,418
2,747
2,595
$
29,63T
33,622
31,687
29,538
28,086
28,623
28,396
Total 7 months. 130,735 71,778 20,585 223,0931 124,376 66,314 18,899 209,589
Ordi
nary.
000* omitted.
N a t i o n a l B a n k s . — The following national banks have been
organized since last advices :
1886-7.
1887-8.
Disbursements.
157
THE CHRONICLE.
F e b r u a r y 4, 1888.J
Pen Int. A Total.
sions. Prems.
Ordìnary.
Pen Inter
sions.
est.
Total.
£
$
$
£
$
8
$
9,843 10,871 8,689
14,758 11,448 8,933 85,137
J u ly ................ .
10,948 10,500 1,269 28,717 19,535 7,775 1,590
A ugu st..............
14,385 3,276 2,922
Septem ber...........i
29,429 2,329 12,047 36,805 12,042
524 6,895
O ctober................)
518 28,378 11,678 12,517 1,463
: 9,572 18,288
N ovem ber...... .
19 2,580 12,980 12,730 2,177 3,577
D ecem ber............... 10,381
826 8,831 21,867 13,323 1,967 8,095
J an u a ry.............. . 12,210
T otal 7 m onths. 80.293 49,410 34,178 163,881 ~93,536 89,107 33,240
£
29,403
28,909
20,583
19,461
25,658
18,484
23,335
3.838—
The Spokane N ational Bank o f Spokane Palls, W ashington Ter
ritory. Capital, $60,000. W illiam H. Taylor, President; W,
Hussey, Cashier.
3.839—The First National Bank o f Mt. Pulaski, Illinois. Capital*.
$50,000. John Lincoln, President; Charles W. Lincoln, Cashier.
3.840—The Miami V alley National Bank o f Hamilton, Ohio. Capital*
$100,000. Peter Murphy, President; P. 8. Heath, Cashier.
The Union National Bank o i Duluth, located in the City o f Duluth,.
Minnesota, has changed its title to the D uluth Union National Bank.
Certificate authorizing change dated January 25, 1888.
I m p o r t s a n d E x p o r t s f o r t h e W e e k . — The imports of last
week, compared with those of the preceding week, show a
decrease in both dry goods and general merchandise. The
B o n d s FiniT.n b y N a t i o n a l B a n k s .— The following interest total imports were $8,209,109 against $10,666,005 the pre
ing statement, furnished by the Comptroller of the Currency, ceding week and $10,489,610 two weeks previous. The exports
shows the amount of each class of bonds held against national for the week ended January 31 amounted to $5,028,454,
against $6,960,582 last week and $4,949,847 two weeks previ
bank circulation and to secure public moneys in national bank ous. The following are the imports at N ew Y ork for the
depositaries on Feb. 1. W e gave the statement for Jan. 1 weekending (for dry goods) January 26 and for the week
in C h r o n i c l e of Jan. 7, page 25, and by referring to that ending (for general merchandise) January 27; also, totals
since the beginning of the first week in January;
the changes made during the month can be seen.
165,833
F O R E IG N IM P O R T S A T N E W Y O R K .
V . S. B o n d s H eld Feb. 1,1 888 , to S ecu re—
D e scrip tio n o f B on d s.
B ank
C ircu la tion .
Total H eld .
4 per cents........................
$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
T ota l............................
$56,419,000
$182,854,050
$239,273,050
T o ta l4 w eek s..
3s, A ot July 1 2 ,1 8 8 2 ....
C o i n a g e b y U n it e d S t a t e s M i n t s .— The following state
ment, kindly furnished us by the Director of the Mint, shows
the coinage at the Mints of the United States during the month
of January, 1888:
1885.
F o r W eek.
P u b lic D ep osits
i n B a n k s.
$2,072,273
5,347,430
$2,801,328
5,132,423
T ota l............
$7,419,703
$7,933,751
D ry G oods.........
Gen’l m er’d ise..
$8,875,086
18,984,584
$9,410,164
21,609,204
S ince J a n . 1.
D ouble eagles..
E agles................
H a lf eagles.......
T hree d ollars...
uarter e a g le s .
ollars...............
$
72,000
1.440.000
1 2 1 ,0 0 0
1 1 2 ,0 0 0
1 .2 1 0 .0 0 0
560,000
305,000
3.210.000
2,700,000
2.700.000
615,654
61,565
T otal g o ld .
S
71,700
1,434,000
F ive cen ts..
Three cents.
One c e n t ....
Total m in o r .................................................
Total ooinage......................................................
5,497,500
54,975
6,931,500
126,675
10,552,154
6,098,240
C h a n g e s in L e g a l T e n d e r s a n d N a t io n a l B a n k N o te s to
February 1.— The Comptroller of the Currency has furnished
us 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 m onth; also the
changes in legal tenders held for the redemption of bank
notes up to February 1 :
N a tio n a l B a n k N otes—
$263,168,234
Amount outstanding January 1, 1888.
A m ount-, issued during January............
Am ount retired during January...........
$2,416,929
4,952,315
2,533,386
$265,632,848
A m ount outstanding February 1,1888*
L e g a l T en der N otes—
Am ount on deposit to redeem national bank
notes January 1, 1888............. .....................
A m ount deposited during January................
Am ount, re-issued & b ’nk notes retir’d in Jan.
$102,962,510
$3,783,023
4,945,895
A m ount on deposit to redeem national bank
notes February 1 ,1 8 8 8 ..................................
1,162,967
$101,799,643
’ Circulation o f national gold banks, not 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
this 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
of each of the last five months ;
D ep osits by—
Oct. 1.
N ov. 1.
D ec. 1.
$
879,949
7,536,390
J a n . 1.
•
851.CÖ2
7,443,086
Feb. 1.
$
815,868
7,323,109
$
$
829,786
958,902
In solv ’t bks.
Liquid’s bks. 7,913,748 7,792,493
R ed’ o’g undr
aot o f ’ 74.* 93,977,287 93,834,812
93,369,883 94,668,392 93,655,666
T ota l......... 102720821 102586207
101785322 102962510 101799643
* A ct o f June 2 0 ,1 8 7 4 , and July 1 2 ,1 8 8 2 .
1886.
1885.
F or the w eek ....
Prev. reported..
$8,209,109
Total 4 w eeks..
1
$5,745,327 [
17,519,189
$7,153,161
22,588,154
1887.
1
1888.
$5,919,566]
17,730,672
$5,028,454
18,591,224
$29,741,315' $23,264,516' $23,650,238
$23,619,678
The following table shows the exports and imports of specie
at the port of New York for the week ending Jauuary 28, and
since January 1 and for the corresponding periods in 1887
and 1886.
E X P O R T S A N D IM P O R T S O F SP E C IE A T N E W Y O R K .
Im p o r ts.
E xp orts.
Gold.
2,761,565
3,315,654
T otal silver.
$7,529,1451
$11,159,704 $12,393,742
21,775,573 j 24,827,550
EXPORTS FROM N E W Y O R K .
g
Standard dollars.
H alf d o lla rs.........
uarter d o lla r s.,
im e s....................
1888.
$3,191,842
5,017,267
In our report of the dry goods trade w ill 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;
V a lu e.
P ieces.
1
$2,612,399!
4,916,7461
$27,859,670! $31,019,368, $32,935,277. $37,221,292
J a n u a ry .
D e n o m in a tio n .
1887.
1886.
D ry G ood s.........
Gen’l mer1d ise..
Great B ritain..........
France.................... .
Germany............. .
W est I n d ie s ... . . . . .
M e x ic o ... ...............
South Am erica........
All other countries.
Total 1888..
Total 1887..
Total 1886.
W eek.
S in ce J a n . 1.
¡S in ce J a n . 1,
$ 8 ,2 0 0
98,500
$1,718
178,402
222,800
1,248
356,138
59,000
67,019
8,638
4,556
72
560
9,500
33,214
2,134
15,044
32,417
$281,800
155,324
640,157
$443,243
515,881
2,263,604
$113,188
20,872
219,435
$262,929
3,107,000
815,256
Im p o r ts.
E x p o rts.
S ilver.
W eek.
W eek.
S ince J a n . 1.
$l,013,530l
30,600
1,900
380
W eek.
IS in ce J a n .l
Great Britain............
F rance....... .............
Germany.................. .
West Ind ies.............
M ex ico.....................
South Am erica........
A ll other countries.
$273,200
10,000
5,00<j
3,678
9,540
29,861
4,439
3,893
35,533
1,958
5,671
74,307
Total 1888..
Total 1887.
Total 1886..
$288,200
212,800
314,773
$1,059,628
602,945
1,505,058
$38,328
71,948
19,865
$125,801
148,886
55,262
7,513
954
Of the above imports for the week in 1888, $5,478 were
American gold coin and $5,411 American silver coin.^ Of the
exports during the same time $50,000 were American gold
coin.
U nited States Sub-Treasury.— The follow ing table shows
the receipts and payments at the Sub-Treasury in this city, as
well as the balances in the same, for each day of the past week ;
B a la n ces.
D a te.
R eceip ts.
P a ym en ts.
C oin.
*
Coin C ert’s.
$
8,180,221
7,883,481
8,187,226
8,085,229
9,999,333
9,969,388
Jan. 28
«
30
“ 31
Feb. 1
“
2
“
3
$
651,524
1,050,752
1,401,354
1,070,856
3,094,890
1,253,228
$
910,845
1,270,538
1,163,272
1,403,485
1,211,065
1,319,489
T o ta l...
8,522,604
7,278.694 ....................... .....................
132,897,734
132,939,581
132,866,241
132,722,675
132,664,008
132,493,973
C u rren cy .
$
10,944,593
10,979,700
10,987,376
10,900,310
10,928,698
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 being employed.
Mr. Henry A . Crosby of N o, 8
Nassau Street (room 505) is the exclusive Eastern agent fo
these loans, and will give all information concerning them.
158
TH E
CH RONICLE
— Messrs. Speyer & Co. of this city, in conjunction with
^Messrs. Speyer Bros., London; Mr. Laz. Speyer Eilissen,
Frankfort-on the Main; Messrs. Boissevain Bros, and Messrs.
Teixiera de Mattos Bros., administration office of American
Railroad shares, Amsterdam, offer for subscription $5,000,000
Illinois Central Railroad Company 4 per cent gold bonds of
1952, being part of a total issue of $15,000,000, secured by a
deposit of 5 per cent first mortgage gold bonds, not exceedieg $20,000 per mile, cn 850 miles o f completed railroad, of the
total par value of $16,350,000. The bonds are offered at 100}^
per cent, to be paid for on April 1st next, or, at purchasers’
option, before tbat date under discount at the rate of 4 per
cent per annum. The subscription will be opened at 10
-o’clock February 7th.
— The Union Mutual Life Insurance Co. of Portland, Maine,
has issued in pamphlet an elaborate report covering the year
1887, being the 38th year 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 of the 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 C h r o n i c l e will be found an extract
a t some length from the Investment Circular of Mr. Chas. T.
W in g , of 18 W a ll Street. Mr. W in g ’s circulars, issued
monthly, or as often as found desirable, are particularly use
fu l for investors in giving very precise and detailed informa
tion about special issues of bonds. Nothing can be more
legitimate in any business circular than the conveying of
definite information, and parties having bonds to buy will find
it desirable to keep a file of Mr. W in g ’s circular in their office
-or private library. The specimen published to-day furnishes
a good sample of the style of Mr. W in g ’s circulars whenever
issued.
— Messrs. Taintor & Holt offer at par and accrued interest,
-subject to advance without notice, $500,000 of the 1st mort
gage 6 per cent bonds of the Kansas City W ater Co. due
1907.
These bonds are part of a 1st mortgage of $900,000
placed upon the property, real estate, franchises and privileges
o f the company. The works are operated by the National
W ater W orks Co., under contract providing that the net
revenue per year shall not be less than $54,000, which is <xjual
to the interest upon the entire loan.
— Messrs. John H . Davis & Co., who are offering for sale the
bonds of the Columbus & Hocking Coal & Iron Company,
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
iStock Exchange. The result of the investigation by this wellknown house is given in their circular published on another
page under the title of Reports and Documents.
— Attention ie called to the January, 1888, statement of the
Xiombard Investment Company in to-day's C h r o n i c l e . 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 . Seligman & Co. offer at 101 ^ and interes
#4,000,000 5 per cent general mortgage bonds of the St. Louis
S m FranciscoR 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 & San Francisco’s interest charge.
F u ll 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.
XouiB & Chicago RailwayfCo. This is an issue made to convert
the divisional and consolidated bonds of the company and when
completed the entire interest charge of the C. I. St. L , & C.
w ill be reduced from $160,000 to $400,000 per annum. See
advertisement in usual columns.
— The Mutual Benefit Life Insurance Co., Newark, N. J.,
has issued this week its 43d annual statement. The company
has had a prosperous year; the income was $7,064,666 and
fi.289 new policies were issued, covering $16,078,824 insurance
The surplus is $2,095,744.
[T ol.
Average Am ount of—
Batikt.
L oam and
Discounts.
$
N ew Y o r k ..............
8.910.000
Manhattan Co.......
8.232.000
Merchants’ ............
7.328.900
Mechanics’.............
8.123.000
Am erica.................. U ,056,20o
Phenlx....................
2.914.000
City........................
7.513.100
Tradesmen’s . . . . . . .
2.601.400
C h em ical..__ ____ 18.928.700
Merchants’ E x ch .
3.422.100
Gallatin National.
5.437.700
Butchers’ & D rov.
1.893.400
Mechanics’ & Tra.
2.034.000
G r e e n w ic h .........
1.139.000
Leather M anni’rs.
3.084.400
Seventh W ard.......
1.390.100
State o f N . Y .........
3.420.000
Americ’n E xeli’ge. 14.991.000
C om m erce............. 16.081,800
Broadway...............
6.827.200
Mercantile............
7.885.400
P a cific.................
2.216.000
R epublic.................
8.603.300
Chatham....... .........
4.592.000
Peoples’ ...................
1.887.500
North A m erica.. . .
2.686.100
H a n o ve r............. .
11.494.700
Irv in g.....................
2.912.000
Citizens’ .................
2.785.400
N assau........... .
2.692.400
Market <ft F ulton.
4.264.300
St. N icholas..........
1.982.000
Shoe & L ea th er...
8.268.000
Corn E x ch a n g e . . .
6,266.7t)0
Continental............
4,322,»'00
Oriental...................
2.050.000
Im porters’ <fc Trad. 19,698,400
P a r k ................
18.220.700
North R iv e r..........
1,984:700
East R iv er.............
1.329.900
Fourth N a tion a l. . 15.140.000
Central N ational..
7.343.000
Second N a tion a l. .
3.358.000
Ninth N ation a l....
5.132.000
First N ational....... 21,036,200
Third N ational___
4.834.500
N. Y. Nat. E x c h ...
1.455.600
B o w e r y .................
2.419.000
N. Y . County.........
1,980.100
German-Americ’n .
2.521.700
Chase N ational___
6.625.600
Fifth A ven u e.........
3.687.900
German E xch ’nge.
2.369.700
Germania................
2.366.300
United States.........
4 185,500
Lincoln....................
2,359,800
Garfield...................
2.179.200
Fifth National.......
1.458.400
B’k of the M etrop.
3.712.400
W est Side.......... .
1.826.300
Seaboard ................
2.326.500
Sixth N ational___
1.775.600
W estern National.
8.492.300
Loans.
%
J ’ n. 14 139,127,500
« 21 139.921,200
« 28 140,642.100
Specie.
%
8.705.300
9.011.300
8.906.300
9
6,658,900
6.535,100
6,504,500
4
85,597,370
82,669,801
76,666,243
1,800.000
2.858.000
1.676.900
1.202.000
3.116.900
817.000
6.816.900
493,400
8.921.600
575.700
369.000
439.100
120,600
112,800
572.800
323.200
511.100
3.671.000
3,857.300
1,072,400
1.230.000
695.200
1.895.100
1.031.800
567.200
981.800
2.959.100
494.200
758.700
211,600
1.024.000
212.900
523.000
819.500
1.126.800
166.000
4.283.600
6,191.500
90,800
277.500!
3.648.000
1.458.000
616,000
1.606.900
3.013.800
1.171.000
193.000
544.900
658.100
495,300
1.952.800
698.100
108.100
186.000
1.144.100
e94,500
549.500
261,000
727.500
29L 500
647.500
437,000
552.700
' Legal
Lega
fender*.
Net Deposits
other
than U.S.
$
1.130.000
421.000
882.400
1.282.000
712.700
151.000
919.000
111,600
1,486,>00
417.900
710.200
115.900
293.000
120.700
298.400
93.800
309.100
2,081.000
1,318.300
335.200
694.400
243.900
558.100
455,500
103.700
306.200
761.900
300.400
165.300
483.800
271.000
70,300
815.000
254.000
683.100
488.800
1.411,600
2,115,500
163.800
95,500
2,159.4001
1,131.000
474.000
830.800
1,938,2001
842.000
129.600
228.700
97.200
67.800
555.200
196.200
696.300
374.800
97.200
157.400
218.600
176.900
363.000
248.100
193.100
120.000
1,076,900
$
9.660.000
10.529.000
7.544.200
7.384.000
11.136.500
3.0110.000
11,288,700
2.338.000
21,992,100
3.920.400
4.250.700
1.912.800
2.287.000
1.115.400
2.547.400
1.426.700
2.917.800
14.749.000
12.747.200
5.368.100
7,989 400
2.713.700
8.732.600
5.C64.400
2.637.500
3.623.200
12.368.500
3.041.000
3.160.700
3.166.500
4.406.100
1.723.100
3.458.000
5.585.800
6.501.000
2.170.100
21,758.900
24.243.500
1.979.400
1.457.300
16,831,400
8.161.000
4.133.000
, 6.047,200
19.287.200
6.166.000
1.231.500
2.530.100
2.593.000
2.312.000
7,650.900
3.686.600
3.093.300
2.672.000
4.497.100
3.071.400
2.697.000
1.647.100
4.574.200
2.076.600
2.913.600
2.020.400
6.833.100
Jan. 14.......
“
21.......
«
28.......
»In clu d in g
Loans.
Law ful M on’y Deposits.*
Circula’n
A gg.C l’ngs
9
9
$
85.862.500
23,612,100
84,397,700
86.724.500
23,243,000
84.004.800
85.679,000
83.989.800
23,668,400
the item “ uue to otner bank«.
$
2.277.870
2.283.870
2,292,290
$
62,601,643
61,896,579
57,276.630
New York C ity B an k s.— The following statement shows the
oo edition of the Associated Banks of New York City for the
week ending January 28, 1888:
$
45,000
45,000
260,000
8 ò; òoo
86,405
520,100
251,600
'*2*805
523,900
44,300
534,800
45.000
891,500
42*200
45.000
45.000
40,700
46.000
437,300
445,005
45,0*00
983*70*5
35,900
8ÜÔ00
180,000
45.000
38.000
45.000
436.400
41,800
200.400
222,500
180,000
*67^500
45.000
43,800
45.000
133,500
40,800
180,000
45,060
7.579.701
S hares.
100
240
4
20
220
25
606
N. Y. Equitable Ins. Co.. 140
200 Iron Cliff’s Co ....... $55 per sh.
Brooklyn Gas L. Co. 102 © 1 0 2 ^
40 Amer. Loan & Trust Co.. 100
Pennsylvania Coal C o ... 271
50 H om e Ins. C o.........125® 12514
Northern Gas Light C o .. 43
175 Gt. Western Ins. Co. ($30
Central Gas Light Co___ 58
paid).......................... $3 per sh.
Harlem Bank. ...............$10 lot 164 Mercantile Mutual Ins.
Harlem Br. Morrisania &
Co . . . .......................... $1 per eh.
Fordham R ’way Co.........100
25 First Nat. Bk. o f V alley
20 Associated Fanciers....... $3
City, D akota................... 62
40 Manhasset B ay & Port
20 Montauk Ins. Co.............. 871*
Morris Steam Nav. Co.. $1
3,100 Denver R R . & Land
150 Brooklyn City R R ............ 120
Co................ $ 7 ‘50® $8 per Bk.
2 Continental Ins. Co..........175
B o n d s.
2 Mercantile Ins. Co.......... 64
$5,000 Third A ve. R R ., 7s,
3 Montauk Ins. Co.............. 87
coupon, 1890................. 104& int»
6 Nassau Ins. Co...................140
$5,000 Third A ve. R R ., 7s,
71 Firemen’s Trust Ins. Co.
reg., 1 8 90................................ 10378& in t.
(100 percent p aid )....... $16
$5,000 Central Gas Light Co.,
11 Republic Fire Ins. Co.
C©i*t
(92 per cent paid ).........$27
$3,000 *N.*Y.* Pittsh.* & Chi&
5 St. Nicholas Nat. B an k .. 126
R ’ way Co., 1st M., series A ,
15 Phénix Nat. B an k............13014
1 9 21................... . $25 per bond.
7 NassauNat. B k.,B r’klyn. 242
$200,000 Denver R R . Land
9 Merchants’ Ins. Co......... 75
& Coal Co., 1st M., 6s, 1907. 15
12 Howard Ins. C o................ 60
$150,000 Denver RR. Land
25 Jefferson Ins. Co...................108 ^ & Coal Co., 1st M., 6s, 1907. 4 0 1*
8 American Ins. Co.............. 150
$150,000 Denver RR. Lan d &
20 B rooklyn A cadem y o f
Co., 1st M., 6s, 1 9 0 7 ........... 51
Music (with 2 tickets).. 116
gatxMtxs ami Jfisxatucial.
WM. E DW ARD COFFIN.
W ALTE R STANTON
C O F F I N
&
S T A N T O N ,
BAN KERS,
11
W A I iI i S T R E E T ,
NEW
YORK.
NEGOTIATE
S ta te ,
M u n ic ip a l ,
R a ilr o a d ,
W a te r
an ti G a s
B on ds»
M ONEY ADVANCED ON M ARK ETABLE SECURITIES.
P h ila d e lp h ia Banks.— The totals have been as follows:
1888.
Circula
tion.
Auction Sales.— The following were sold this week at
auction by Messrs. Adrian H . Muller & S o n :
L. T ’nders. Deposits.* C ircula’n. A gg.C l’nge
$
*
3.618.100 108,126,000
3,889,900 107.918.900
8.734.6001107.177.100
Specie.
Total..................... 356,063,100 83,303,800*34,512,000 378,247,900
Boston B an k s.— Foil owing are the totals of the Boston b anks
1888
xlyl
SP O K A N E & PAXOUSE
(NORTHERN PACIFIC)
FIRST M ORTGAGE 6 P E R CENT GOLD BONDS,
FOR SALE B Y
E D W A R D S W E E T & CO.,
38 BROAD STREET,
F A H N E S T O C K & CO.,
2 W ALL S T R E E T .j
l
IJ F ebruary 4,
THE CHRONICLE.
1888, ) ’
f t e
^ m i h e x s ' (Saarjette.
D I V I D E S
D S i
The folio-wing dividends have recently been announced :
W hen
P er
Cent. P a y a b le.
N a m e o f C om pany.
R a ilr o a d s .
Chicago & Alton, comm on (quar.)
do
do
pref. (quar.)----Detroit Lansing & N orlhern, pref.
Marq. H. & Ontonagon, p re f.........
B an ks.
Dank o f the Manhattan Co______
N ew Y ork National E xchange___
B o o k s Closed,
(D a y s in clu siv e.)
3%
3
Mch.
Mch.
Feta.
Feb.
1 Feta. 16 t o ----------l|Feb. 16 t o ----------15 Feb. 4 to Feta. 13
15iFeb.
9 to Feta. 15
3*2
3
Feta.
Jan.
10 Feta.
311
2
I t o Feta.
9
W A L L S T R E E T , F R I D A Y , F e b . 3 , 1 8 8 8 - 5 P. M .
The 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
159
fact that commercial bills have been in limited supply. Posted
rates have been reduced at different times in accordance with
the decline in the market, ard are to-day 4 84 and 4 86.
To-day the rates on actual business were as follows, v iz .:
Bankers’ 60 days’ sterling, 4 8 3 $ @ 4 8 3 f ; demand, 4 8 5 £ @ 4 8 5 f.
Cables, 4 8 6 $ @ 4 86J. Commercial bills were 4 8 1 f@ 4 8 2 ;
Continental bills were: Francs, 5 21$ and 5 1 9 f ; reicnmarks,
95$@ 95 $ and 95J-; guilders, 4 0 $ @ 4 0 $ and 4 0 f@ 4 0 J .
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
4 premium; New Orleans, commercial, 50c. premium; bank,
par; St. Louis, 60c. premium; Chicago, 25c. premium@par.
The rates of leading bankers are as follow s:
F eb ru a r y 3.
S ixty D a ys.
4 84
4 8 2 ia a 4
Docum entary com m ercial............................ 4 82 @ 4
5 2178®5
40116@
Amsterdam (guilders)...............................
951« @
Frankfort or Bremen (reichm arks)...........
D em a n d .
4 86
Prime bankers’ sterling bills on L on d on ..
83
82iâ
2114 5 2Ò
4018
9514
@5 19 %
40%@40Bl6
9 5 38® 9 5 ‘3
Coins.— The following are quotations in gold for various coins;
all parties having bonds to sell, and the aggregate amount
97
Sovereigns............. $4 83 ”©$4 88 Fine silver b a rs.. — 96 @
offered was pretty large. This readiness to supply the first Napoleons.............. 3 84 @ 3 89 F ive fran cs............. — 93 @ — 95
X
X
R
eich
m
a
rk
s..
4
74
@
4
80
M
exican
d
ollars..
—
7
5
%
@
'—
76%
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,
X Guilders............ 3 96 @ 4 00
D o uncom m erc’l — 75
Span’ll D oubloons.15 60 @ 15 75 Peruvian sols....... — 74
Mex. D ou bloons.. 15 55 @ 15 70 English silver___ 4 75
Fine gold b a r s .... pax © ^ prem . U. S. trade dollars*— 74
* Now demonetized.
@ ------@ — 75
@ 4 85
.........
@
United States Bonds.— Government bonds have been only
moderately active and the market remains quiet and feature
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 4Js have not been so firm.
The closing prices at the N . Y . Board have been as follow s:
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.
The C h r o n i c l 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-day the rates were 2 @ 3 per cent. Prime commercial
paper is quoted at 4 f @ 5 $ per cent.
The Bank of England weekly statement on Thursday showed
a gain in specie of £81,000, and the percentage of reserve to
liabilities was 4 5 ‘53, against 4 5 ‘60 last week; the discount
rate remains unchanged at 3 per cent. 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:
1888.
J a n . 28.
D iffr’ n c's f r ’ m
P rev . Week.
1887.
J a n . 29.
1886.
J a n . 30.
$
$
$
L oans and disc’ts. 356,068.100 Inc .1,300,200 353,051,000 337.934.700
Specie..................... 83,3< 8,800 I n c .3,198,700 92,851,600 100.212.700
Circulation............
7,579,700 Dec.
24,700
7,825,000
9,599.600
Net deposits.......... 378,247,900 I n c .3,199,400 382,961.800 389.954.700
L egal tenders....... 34,512,000 Dec.
54,500 25,187,300 33,432,400
L egal reserve....... 94,561,975 In o. 799,850 95,740,450 97.488,675
R eserve held......... 117,820,800 I n o .3,144,200 118,038,900 133,645,100
Surplus...................
23,258,925[lnc .2,344,350
22,298,450
36,156,425
E xchange.— 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 weak and unsettled,
and they have declined considerably; this, too, in spite of the
In terest J a n .
P er io d s 28.
4138,1891___ ...r e g . Q.-Mar.
4iss. 1 8 9 1 .... ..cou p . Ö.-Mar.
4s, 1907......... ...r e g . Ö.-Jan.
4s, 1907......... ..cou p . Q.-Jan.
6s, cur’c y ,’95. ...r e g . J. & J.
6s, cur’cy, ’ 96. ...r e g . J. & J.
6s, cur’cy , ’ 97. ...r e g . J. & J.
6s, cur’cy , ’ 98 ...r e g . J. & J.
6s, cur’ c y ,’99. . . .reg. IJ. & J.
J a n.
Jan.
30.
31
*108 *103
10818 108%
*125% *126
125% *126
*11913 *119 *119
*12113 *121 *121
*12313 *123 *123
*126 *125 *125
*128 *127 1*127
*108
*108
*126
*126
Feb.
1.
Feb.
2.
*x 0 6 78 *106%
*108 *107%
126% 126%
126% 126%
*120 *120
*122 *122
"124 *124
*12« *126
*128 *128
F eb .
3.
107
*107%
*126%
*126%
*120
*122
*124
*126
*128
* This is the price bid at the morning b o a rd ; n o s a le w as made.
State and Railroad Bonds.— The business in State bonds
has been a trifle brisker, though the transactions have been so
divided up among the different classes that none have shown
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 market. 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 market, 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 Stocks.— Business on the Stock
Exchange continues dull, and there have been few features o f
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 in such stocks as Missouri Pacific,
Manhattan, &c.
The coal stocks have been prominent and have generally
been firm, especially Lackawanna and Delaware & 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
of business was moderate. Louisville & Nashville was a
leader in the afternoon and sold down to 59J, closing at 59$.
160
THE
CHRONICLE.
[V ol.
XLVI.
STOCKS-PRICES AT N.Y. STOCK EXCHANGE FOR WEEK ENDING F E B . 3, AND SINCE JAN. 1, 1888.
H IG H E ST AND LOWEST PRICES.
STOCKS.
Saturday,
Jan. 28.
Monday,
Jan. 30.
Tuesday.
Jan. 31.
Wednesday,
Feb. 1.
Thursday,
Feb. 2.
Friday,
Feb. 3.
Sales
o f the
Week,
Shares.
R ange Since Jan. 1,1 888 .
Lowest.
A c tiv e B R , S to ck s.
Atlantic & P acific..................... *10% 10% *10
10%
10% 10% *10% 10% *10% 10% *10
10%
56% 57
Canadian Pacific.......................
58% 58%
56% 57
54% 54%
54% 55
Canada Southern......................
55
55%
53% 54%
54% 54%
54% 54%
79% 80%
Central o f N ew Jersey............
79% 80%
78% 78%
77% 78
78% 79% 78% 79%
30% 30%
Central P acific........................... *31% 32
30% 30%
30% 31
31% 31%
29% 29%
4%
*3%
4%
4
Chesapeake & Ohio.............. .
5
4%
5%
4%
*4
5%
*4%
5%
*9
10
*8% 10
Do
1st pref.
*8
10
9% 10
10
*9
9%
9%
5%
*5
5%
*5
6%
Do
2d pref..
5%
6%
5%
6%
5%
6%
7
Chicago Burlington & Quincy. 130 130
129 129
128 128% 128 128% 128% 128% 128% 128%
75% 76%
76% 76%
C hicago Milwaukee & St. Paul.
76% 77%
75
76%
74% 75%
76% 76%
Do
pref. 115% 115% 115% 115% 115% 115% 115% 115% 115% 115% 115% 115%
Chicago & Northwestern......... 109% 110% 110 110% 110 110% 109% 110
108% 110% 108% 109%
Do
pref. 145 145
145% 145% *145% 146 *144 145%
145 145 *144 145
Chicago R ock Island & Pacific. 114% 114% 114% 114% 113% 114% 113% 114
113% 113% 113% 113%
Chicago St. Louis & Pittsburg. *14
*14
15
*14
15
14
15
*14
14
15
*37
Do
pref.
*37
39
38
39
38%
*37
38
39
38
Chicago St. P aul Min. & Om ...
39% 39%
39% 40
39% 40% 40% 40%
40%
38% 39%
40
109 109
Do
pref. *107% 109 *109 110 *108 109
107 107
52
52%
Cleveland Col. Cin. & Indianap. *52% 52% *52% 52%
51%
52% 52%
51% 51% *50
24%
Columbus H ocking Yal. & Tol. *23
24% *23
24
24% *23% 24% *23% 24% *23
24%
Delaware Lackawanna & Wesl 131% 133% 132% 133% 132 132% 131% 132% 131% 132% 130% 132
*21
D en ver& R io G., assessm’tp d . *21% 23
23
22% 22%
22% 22%
22
22
*52
Do
pref.
54
55 • 55
54% 54% *53
52% 52%
54
53% 53%
10
10% 10%
E ast Tennessee Va. & Ga. R ’y.
10%
10% 10%
10
10%
10
10
10
10%
62
60% 60%
61
61
Do
1st p ref. *60
*59% 61
60
60%
60% 60%
22% 22%
Do
2d pref.
22% 22% *22
22% 22%
22%
22
22% 22%
22
E vansville & Terre H aute.. . .
*87
89
*87
89
*87
89
*87
90
F ort Worth & Denver C ity ...
44% 44%
43% 44
43% 44 % 44% 44%
45
45%
45% 45%
Green B ay Winona & St. Paul.
9%
9%
*9
10
8%
*8%
9%
8%
Illinois Central...............
121 121
121% 121% 121 121% 121 121% *121% 122
122 122%
Ind. Bloom . & W est.......
13% 13% *13
14
13% *12
13% *12
13% 13% *12
14
K ingston & Pem broke ^..
*30
*28
30
30% *30
31
*30
31
31
*30
31
Lake E rie & W estern___
*15% 16
*15
15%
15% 16
15% 15%
*15% 16
15% 15%
Do
p ref.
46% 46% 46% 46%
4 6 % 46%
46% 46%
45% 45%
Lake Shore & Mich. Southern.
93% 93%
93% 93%
93
9314
93% 9318 91% 93%
91% 92%
L ong Island............................
*90
91
90% 90% *90
91
9 0 78 9 0 78 *90
91
90% 90%
L ouisville & Nashville.........
61
61%
60% 61%
60% 60%
60% 6078 60% 61%
59% 60%
Louis. N ew Alb. & Chicago.
40
*35
*35
40
*35
40
40
*35
*36
40
*35
40
Manhattan Elevated, con sol..
90% 90%
90
89
90%
89% 87
88
86% 87
89% 89%
Memphis & C harleston..
53
53
M ichigan Central............
84% 84%
84% 84%
84% 84%
82% 83
84
84
Mil. Lake Shore & W est.
80
*76
79
79
76
80
*76
*76
78
80
76
76
Do
p ref. *101 103% 101% 102% *10132 103 *100 103 *100 103 *101 103
*7
M inneapolis & St. L ouis.........
*7
83
7
7
*7
7%
*6%
7%
Do
p ref
*15
*14
*15
17
16
*15
17
*14
16
M issouri Kansas & T e x a s.. . .
17% 18
17% 18%
16% 1734 16% 16%
16% 16%
16% 16%
85% 87
Missouri P acific.......................
85% 86%
85% 85% 84% 86
84% 85%
85% 85%
M obile & Ohio..........................
*13
14
13
*12
13
*13
14
13% 13% *12
14
13%
79%
Nashv.Chattanooga & St.Louis *79
79% 79%
*78% 79% 79
79
79
79% *78% 79%
N ew Y ork Central & Hudson. 107% 107% 107% 107% 107% 107% 107% 107% 107% 107% 107% 107%
17% 17%
N ew Y ork Chic. & St. L o u is...
17% 17%
17% 17% *17% 17% 17% 17%
17
17
Do
1st p ref.
73
73
72
72
71% 72
72% *71
*71
71% *71
71%
Do
2d p re f.. *.......
35%
35% 37
*36
37
*35
36% *35
*34% 36%
37
New Y ork Lake E rie & West’n
28% 28%
27% 28
27% 28%
27% 27% 27% 27%
27% 27%
Do
p ref.
64
64%
64
64
63% 63%
62% 62%
N ew Y ork & N ew E nglan d.. . .
37% 37%
37% 38%
37% 38%
37% 37% 37% 38%
37¿8 37%
N ew Y ork Ontario & W est___
18
18
18% 18%
18
18
17% 17% *17% 17%
*17% 18
New Y ork Susq. & W estern...
*934
9%
9%
9%
9%
9%
9
*9%
9%
9
9
9
Do
p ref.
32% 33
32% 33%
33
33
32% 32% *32% 33
N orfolk & W estern................... *17
17%
18
18
18% 18%
18% 18%
Do
pref.
45% 46% 46
47
46
46%
46
46%
Northern P acific........................
21% 21% *21
21%
21% 21% *21% 21%
Do
p ref.
46% 46%
46% 46%
45% 45%
45% 45%
44% 45%
Ohio & Mississippi...................
23% 23%
24
24%
24% 25
24% 24%
*24% 24%
Oregon & Trans-Continental.. 22% 22%
22% 22%
22% 22%
21% 21%
21% 22
Peoria Decatur & E vansville. *20
21
19 % 20
*19% 20
*19% 20
Philadelphia & R eading.........
66
66%
66% 67%
6614 6 6 78 66% 66%
65% 66% :
Richm ond & West P ’t Terminal 22% 22%
22% 23%
2 2 % 2314
22% 22% 22% 22%
22% 22%
Do
p ref.
56% 56%
57
58
58
58
57
58
57% 57%
57
5T
R om e W atertown & Ogdensb’ g 86
86
*85
87%
87% 88
*86
88
*86
88
St. Louis & San Francisco.......
36% 36%
36
*3634 37
36
*36
37
Do
pref.
72% 73% 73% 7334 73
73%
73
73
11234 113
Do
1st p ref. *110 113
112% 113% 113% 113%
St. P aul & D uluth.....................
60
60
*59
60
60
60
Do
pref. 105 105
105
L05
105 105
St. PaulM inneap. & M anitoba. *113 113% 113% 113% 112% 1 1 2 \
Texas & P acific..........................
26% 27%
26% 27%
2634 26%
26% 26%
U nion P acific.............................
56% 56%
56% 57%
56
56%
5 5 78 56%
W abash St. L. ¿ P a c ific ............ *14%
15% 15%
15% 151)
15
15
Do
p ref. *26
27% 27%
28
27
27% *27
27%
W heeling & Lake E rie.............
50% 51
50% 51
50% 52%
51% 52%
m is c e lla n e o u s S to c k s.
Colorado Coal & Iron ................
36% 38%
37% 37%
37% 3834 37
37% 37% 37%
34%
Consolidated Gas Co................
77
77
76
76%
7634 76% 76% 76% 76
76
75
Delaware & Hudson Canal___ 110% 111% 110% 112
110% 111
110% 111%
103
109% 111
52% 52%
Oregon Im provem ent C o.........
52% 52%
52% 52% 50
50
50
50%
45%
93% 94%
Oregon R ailw ay & Nav. C o ...
94
94
94
94
93% 94% 93% 93%
89%
Pacific M ail.................................
35% 35%
36
36%
36
36%
35% 35% 35% 36
34%
Philadelphia Co., Nat. Gas___
103 103
99
103% 103% 104 1 0 5 % ’
Pullm an Palace Car C o.......... 143% 14434 144 144% 144 144% x i 4 l % 142
143 143%'
140
W estern U nion Telegraph___
77% 7832! 78% 7 8 7s 78% 78 % 78% 78% 77% 78%'
76%
E x p re ss S to ck s.
A dam s................ ........................ 140 145 *140 145
140 145
145 145 *142 145
56143
A m erican.................................... 107% 108 341 10832 10832 107% 109
107% 107%'
240 106%
107% 108
United States.............................
73
73%
73% 74
73
73%
73% 73% 72% 73%
587 67
Wells, Fargo & Co..................... 130% 130% *125 132
128% 131% *128 132
128 132
10128
I n a c tiv e S to ck s.
A m erican Tel. & Cable Co....... *72
72%
72% 72%
*73
74
*73
74
Chicago & A lto n ........................ 139 139 *138 140
139 139 *136 140
138 140
Chicago & East. Illinois..........
42
43
43
43% 43
43
42% 43
94
94
Do
pref.
*93% 94%
94% 9414 *93% 95
Cincin. Ind. St. Louis & C h ic.. 7777
76% 76%
78
79% *78
80 I 79% 80
434
Cincinnati Wash. & Baltimore.
*3%
3%
3%
*3%
4
4
*3%
614
Do
p ref.
*6
6
6
6%
6%
Cleveland & Pittsburg, q u a r.. 156
*156
*155 . . . .
*156
156 156
Illinois Central, leased Im e ...
95
95
95% 95% *95
97
96
96
M arquette Hough. & On., pref. *90% 92
90
90
*91
92
92
*91 ‘
*90% 91%
M o m s & E ssex..........................
138% 138%
N . Y . N ew H aven & H artford.
220 220
215 215
219 219
Pitts. Ft. W ayne & C hic........... *152
152% 152% 152 . . . .
152% 152%
•Quicksilver Mining Co............
11% 11%
11
11
_ Dp .
p ref.
*34
36%
St. Lom e Alt. & Terre H a u te..
37% 37% *37
39
100
*36
39
St. Louis Ark. & T exas............
15
15
15% 16
15% 15%
600
16
16%
South Carolina.........................
9%
9%
7%
8%
1,361
8%
8%
Whitebreast Fuel Co................
90% 90%
90% 93
1,200
93%
93
93
•Columbus & H ocking Coal___
27*2 27%
27% 28
1,200
27% 27%
27%
27% 27%
Tennessee Coal & Iron ...........
31% 31^
31% 32% 32
32%
5,400
31% 32%
31%
V a r i o u s S t o c k s . & e . (Uni isted.
Am er. Cotton Oil Trust...........
33*8 33*8 33% 33% 31% 33
31% 32% 12,615 29%
32
32%
32%
P ipe Line Certificates..............
87% 8 8 % 89% 90%
89% 90% 11142,000 85%
89% 90%
89% 91%
These are the prices bid and asked ; no sale was m ade at the Board.
t L ow er price is ex-dividend.
Highest.
10% Jan. 10
62% Jan. 3
56% Jan. 9
80% Jan. 28
33% Jan. 10
5% Feb. 2
10 Jan. 24
7 Feb. 3
130% Jan. 27
77% Jan. 10
115% Feb. 2
110% Jan. 30
145% Feb. 1
114% Jan. 27
14% Jan. 10
38% Jan. 6
40% Jan. 10
109 Jan. 27
53 Jan. 9
25% Jan. 9
133% Jan. 30
23 Jan. 6
55 Jan. 28
10% Jan. 12
62% Jan. 16
23 Jan. 7
88% Jan. 10
46% Jan. 3
9% Jan. 27
122% Feb. 3
14 • Jan. 20
30% Jan. 30
16 Jan. 30
47 Jan. 9
95% Jan. 9
91 Jan. 5
64% Jan. 9
39 Jan. 10
96 Jan. 10
53% Jan. 9
87% Jan. 9
80 Jan. 10
104% Jan. 5
9% Jan. 11
17% Jan. 9
18% Jan. 5
89% Jan. 3
13% Jan. 27
80 Jan. 9
108 Jan. 9
17% Jan. 27
73 Jan. 27
37 Jan. 30
29% Jan. 9
65% Jan. 10
39% Jan. 10
18% Jan. 9
9% Jan. 7
33% Jan. 30
18% Feb. 2
4 7 Jan. 30
23 Jan. 10
47% Jan. 10
25 Jan. 31
22% Jan. 18
23 Jan. 11
67% Jan. 30
23% Jan. 9
58 Jan. 30
88 Jan. 31
36% Jan. 5
73% Jan. 30
116 Jan. 16
62% Jan. 3
105 Jan. 28
114% Jan. 23
27% Jan. 30
58% Jan. 3
16 Jan. 3
28% Jan.
54% Jan. 10
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan. 4
Jan. 17
145
108%
74
130%
Jan.
Jan.
Jan.
Jan.
23
25
20
28
73
140
43%
94%
80
4%
6%
157
96
90
139%
223
153
13%
38%
39
16%
9%
93%
30
32%
Jan.
Feb.
Jan.
Jan.
Feb.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Feb.
Jan.
Jan.
26
3
30
26
2
9
16
19
4
27
27
16
17
12
10
11
16
27
3
9
30
34% Jan. 1 7
97% Jan. 1 0
F ebruary
161
THE CHRONICLE.
4, 1888. J
BONDS—LATEST PRICES OF ACTIVE BONDS AT N. V. STOCK EXCHANGE, AND RANGE SINCE JAN. 1, 1888.
Range since Jan. 1.
Closing.
Railroad Bonds.
Highest.
Jan. 27 Féb. 3
26 Jan.
27*2 Jan.
80 Jan.
83 Feb.
1065sb, 105*e Jan. 107 Jan.
94 b. 92 % Jan.
94*2 Jan.
105
1045s Feb. 108*2 Jan.
117*4b, 111*2 Jan. 117*2 Jan.
120*2 115 Jan. 120*2 Feb.
99 b
101*4
98 Jan. 101*4 Feb.
114 b 113*2 Jan. 114*2 Jan.
103 b 101*2 Jan. 104 Feb.
113 b, 113*2 Jan. 114*4 Feb.
115 %b. 1145s Jan. 1145g Jan.
103 b, 102 Jan. 103% Jan.
103*2 1027s Jan. 1035s Jan.
105 b, 110 Jan. 114*4 Feb.
70*4b. 67*2 Jan.
69 Jan.
70
67*2 Jan.
70*2 Feb.
26
22 Jan.
28 Feb.
100
90*2 Jan. 100 Feb.
105 Jan. 108*2 Jan.
102
102 Feb. 103 Jan.
131 b. 129*2 Jan. 132 Jan.
105 *2b. 104*2 Jan. 106 Jan.
92*2a. 94 Jan.
95 Jan.
117*4 113 Jan. 117*4 Feb.
97*2b. 97 Jan.
98 Jan.
116*2b 114*2 Jan. 117 Feb.
125 b. 123*2 Jan. 126 Jan.
1 1 2 %b. 111*4 Jan. 113*4 Jan.
104*8 101*2 Jan. 1043s Feb.
100 Jan. 1015s Feb.
1 01 b. 100 Jan. 101 Jan.
140*2b. 139*2 Jan. 143 Jan.
131% 128*2 Jan. 132 Feb.
Mil. Lk.Sh. A W.—1st, 6s, 1921. 119 b 120
Ashland D lv.—1 st, 6s, 1925. ... 113 b
M ilw. A N or.—M. L., 6s, 1 9 1 0 .. 109 b
E xtension, 1st, 6s, 1913. . . . 108
Minn. A St. L —1st, 7s, 1 9 2 7 ... 108 b.
55 b.
Im p. A Equip.—6s, 1 9 22 .......
70
70*4
Mo. K. A Tex.—Con., 6s, 1920..
61 %b.
60%
Consol., 5s, 1 9 2 0 ....................
Consol., 7s, 1904-5-6................ 105*4 1 02
115
b.
1
1
2
b.
Mobile A Ohio—New, 6s, 1 9 2 7 .
1st, Extension, 6s, 1927......... 105 b. 106 *4 b.
50%
46*4b.
1st pref. debentures, 7 s .........
87 b.
Mutual Un. Tele.—S. f., 6s, 1911 85*2
Nash. Ch. A St. L.—1st, 7s, 1913 128 b. 127 b.
106 b.
N.Y. Central—E xtend., 5s, 1893
N.Y.C. A H .—1st, op., 7s, 1903 134 b. 134 b.
Debenture, 5s, 1 9 04............ 109 b. 110*2
131*2b.
N .Y .A H ar.—1st, 7s, 1 9 0 0 .... 133
89%
90
N.Y.Chio. ASt.L.—1st, 4s, 1937.
N.Y. Elevated—1st, 7s, 1 9 0 6 ... 114*sb. 115*2
N. Y. Lack. A W.—1st, 6s, 1921. 126*sb. 129
108*2 1 0 6 78b.
Construction, 5s, 1 9 2 3 ...
105*2
N. Y. A Nor.—1st, 5s, 1927
N. Y. Ont. A W.—1st. 6s. 1 9 1 4 .. 1 12 b. l l i b.
92 b.
N.Y.Sus.AW.—1st ref., 5s, 1937. 93
Midland o f N. J.—1st, 6s. 1910 1 1 2 *2 b.
78%b.
N. O. Pacific—1st, 6s, 1920........ 78*3
Norfolk A West. - Gen., 6s, 1931 115*2 117%b.
North.Pacifio—1 st,coup.,6s, ’ 21 116*4 116*4
Gen’l, 2d, coup., 1 9 33.............. 105*8 104%
N. Pac.Ter.Co.—1st, 6s, 1 9 3 3 ... 1 0 2 *¿b. 1 0 2 *2 b.
Ohio A Miss.—Consol., 7s, 1898. 115 b.
2d, consol., 7s, 1911................. 115*eb. 117*2
Ohio Southern—1st, 6s, 1 9 2 1 ... 104 *2a. 1 02 b.
33*2
2d, ine., 6s, 1 9 21........................ 33
Omaha A Si. L .—1st, 4s, 1 9 3 7 .. 74 78b. 75 b.
99*4
Oregon Im pr. Co.—1st, 6s, 1910 99*2
Ore. R. A N av. Co.—1st, 6s, 1909 1097flb. 1097aa.
99*4b.
100
Consol., 5s, 19 25................
95*3
Oregon A Transcon.—6s, 19 22.. 95*4
106
b.
Peo. Dec. A Evans.—1st, 6s, ’ 20. 107 b.
E vansv. D iv— 1st, 6s, 1 9 2 0 ... 104*2b.
2d m ort., 5s, 1927..................... 7513 a. 74*3
R ich A All.—1st, 7s, 1920, tr. rec 55 b. 58 *s a.
113 *2 b.
Riohm. A Dan.—Cons., 6s, 1915 113
Debenture, 6s, 1927.................. 1 00 b. 1 0 0 b.
Roch. A Pitts.—1st, 6s, 1 9 2 1 ... 119 b. 1 2 0 b.
Consol., 6s, 1922....................... 115 b. 115 b.
Rom e W. A Ogd.—1st, 7s, 1891. 108 b. 108 b.
102*3
Consol., extend., 5s, 1 9 2 2 ..... 103
S t Jo. A G d .Isl.—1st, 6s, 1925 . 1 0 0 % 101
41 b.
40
b.
2d, incom e, 5s, 19 25................
1 1 2 b.
St. L. Alt. A T.H .—1st, 7s, 1894. 113
107
b.
109*2
2d, M., pref., 7s, 1 8 94..............
2d., M .,ln c., 7s, 1894............... 103 *4 b. 103%b.
41
a.
Dividend bds, 6s, 1894............
St. L. Ark. A T ex.—1st, 6s, 1936 103% 104*4
47
2d, 6s, 1936............................... 47*4
S t L. A Ir. M t —1st, 7s, 1 8 9 2 ... 111 b. 108 *8 b.
108
b.
2d m ort., 7s, 1897..................... 1 10
Cairo A F ulton—1st, 7s, 1891 105 b. 104*2b.
90*4b.
Gen. R y . A land gr., 5s, 1931. 90*2
St. L. A San F r . - 6s., Cl. A ,1906 117 b. 117 b.
6s, Class B, 1 9 0 6 ....................... 117 b. 117*2b.
6s, ClassC, 1 9 06........................ 117 b 117 b.
Gen’lm o r t , 6s, 1 9 31.............. . 114 b. 115 b.
Gen’l m ort., 5s, 1931................ 102*3 1 0 2 %
So. Pac., Mo.—1st, 6s, 1 8 8 8 ... 1 01 b. 101 *eb.
S t Paul M. A M.—1st, 7s, 1909. l l l % b . 1 1 2 *2 b.
117 b.
2d, 6s, 1909.................................
1st cons., 6s, 1 9 3 3 ................... 116 b. ........
Do
reduced to 4*as.. 96*4b.
Shenandoah V a l.- 1st, 7s, 1909 92*2b. 92*2b.
Gen’l m ort., 6s, 19 21................ 34*2b. 34 b.
So. Carolina—1st, 6s, 1 6 20......... 1 0 0 b. 1 0 I*4 b.
2d, 6s, 1931................................. 74*2b. 78 b.
17 b.
Ino., 6s. 19 31............................ 18%
So. P ac., Cal.—1st, 6s, 1905-12..
So. Pac., Ari.—1st, 6s, 1909-10..
So. Pac., N. M.—1st, 6s, 1 9 1 1 ... 107% ........
47 %b.
Tex. A Pac.—Inc. A Id gr, 7s, '15 50*2
6 8 *2b.
R io Grande D iv.—6s, 1 9 3 0 .... 693g
Gen. m ort. A term ., 6s, 1 9 0 5 .. 61 b. 61
96%b.
Tol. A .A . A N. M.—1st, 6s, 1924. 94%
ToLA.A. A Gr.Tr.—1st, 6s, 1921 1 0 0 b. 105
Tol. Peor. A W est—1st, 7s, ’ 17 . 82 b. 82 b.
Tol. A Ohio Cent.—1st, 5s, 1935 98 b. 97
Tol.St.L.A Kan. C.—1st,6s, 1916 93 a. 93 a.
Union P acific—1st, 6s, 1899___ 114*2b. ........
Land grant, 7s, 1887-9............ 103 b.
Sinking fund, 8s, 1893............ 118*4b. 119
........
Kan. Pacific—1st, 6s, 18 95___
1st, 6s, 1896............................ 1 1 0 b. ........
114
b.
Denver D iv.—6s, 1 8 99.........
104 *4 b.
1st consol, 6s, 1 9 1 9 ............ 105
l
o
o
b.
Oregon Sh. Line -1 st, 6s, ’ 22.. 1 02 %b.
Virginia Mid.—Gen. m., 5s, 1936 78 b. 79 b.
Wab. St.L. A P a c .-G e n ., 6 s ,’ 20 48 b. 40 b.
96*2b.
Chicago Divison—5s, 1 9 1 0 .... 96*2
Wabash—M ortgage, 7s, 1 9 0 9 .. 84 b. 87 a.
Tol. A Wab.—1st, ext.. 7s, ’90 108 *eb. 109 b
1st, St. L .D iv ., 7s, 1 8 8 9 ... 108 *4 b. 109
91
2d, extended, 7s, 1 8 9 3 ... .
88
84 b. 85*4
Con., oonv., 7s, 1907.........
Great West.—1st, 7s, 1 8 8 8 .. 108 b. 108*4
89 b.
2d, 7s, 1893..........................
West Shore—Guar.. 4 s ............
1 0 0 7s Í 0 Ó78
Jan. 27 Feb. 3
AtL A P ac.—W. D. ino., 6s, 1910 27*3
81 b.
Guar., 4s, 1 9 3 7 ..............
Can. South.—1st guar,, 5s, 1908 107
94
2d, 5s, 1913......................
Central o f N. J 1st, 7s, 1 8 9 0 .. 108*8
1 16*25
GonsoL 7s, 18 99...................
119 b.
Convert. 7s, 1902.................
Convert, deb. 6s, 1908.......
100*«
General m ort., 5s, 1 9 8 7 ...
Leh, A W .B.,con.7s, 1909,as’nt 114*9
A m . D ock & Im p., 5s, 1 9 2 1 ... 102*a
Central Pacific—gold 6s, 1 8 9 8 .. 113%b.
115%b.
San Joaquin Br. 6s, 1 9 0 0 ...
103
Land grant 6s. 1890....... .
1035s
M ort. 6s, 1 9 36.......................
Ches. A O.—Pur. m. fu nd 6s, ’98
6e, gold, ser. B .1 9 0 8 , coup, ofl 6 8 b.
Exten. coup., 4s, 1 9 8 6 ............ 6 8 b.
6s, currency, 1 9 1 8 ................... 26 b.
M ort. 6s, 1911............................ 96
Ches. O. A So. W.—5-6s, 1 9 1 1 ...
Chlc.Bur. & Nor.—1st, 5s, 1926. 1 02 b,
Chic. Burl. A Q.—Con. 7s, 1903. 130*2b.
Debenture 5s, 1 9 1 3 ................. 105 b.
D enver D ivls., 4s, 1922........... 93 b,
Chic. A East. 111.-Con. 6s, 1934 116%
Chic. A Ind. Coal R ., 1st, 5s, ’36 97*2
Ch.Mil. A St.P—1st, I.A M.7s, ’ 97 116*ab.
Consol. 7s, 19 05........................ 125 b.
1st, So. Min. D lv.—6s, 19 10.... 1 1 2 *2b.
1st, Chi. A Pao.W .Div—5s, ’21 104
Wls. A Min. D iv.—5s, 1 9 2 1 .... 101
Terminal 5s, 1914........... ......... 1 0 0 *2 b.
Chic. & N. W.—Consol. 7s, 1915 142 b.
131 b.
Gold, 7s, 1902.......................
Sinking fu nd 6s, 1929..........
109
Binking fu nd 5s, 1929.........
Sinking fund debent. 5s, 1933 108 *2 b.
25-year debent. 5s, 1 9 0 9 ...... 105 b.
E xtension 4s, 1926................... 94%
Chi. R. I. A P a c —6s, coup. 1917. 131*2
Exten. & col. 5s, 1934.............. 107*4
Oh. St.P.,M. A O.—Consol. 6s. ’ 30 120*2
Oh.St.L.A Pitts.—1st,con. 5 s,’32 1 00 *2 a.
O. C. C. & I n d —ConsoL 7s, 1914 1245sb.
Gen. 6s, 1 9 3 4 ................. ........... 108 b.
Col. Coal & Iron—1st, 6s, 1900.. 104
Col. H . Val. & ToL—Con. 5s, ’31 72 *2
Gen. gold, 6s, 19 04................. 72
D enver A R io Gr.—1st, 7s, 1900 121
1st con. 4s, 1936 ...................... 79*2
Den. A R. Gr. W .- 1st, 6s, 1911. 71
A ssented..................................... 66
Den. So. Pk. A P ac.—1st, 7s, ’05 81 a.
Det.M ac.A M.—L d.gr. 3 *is, 1911 41%
£ . Ten.Y. A G. R y.—Con.,5s, ’ 56 99
Eliz. L ex. A B. Sandy—6s, 1902. 104
Erie—1st. consol, gold, 7s, 1920 136 b.
I l l b.
L ong D ock. 7s, 1 8 9 3 ...........
113 b.
Con. 68 ,193 5.....................
N .Y.L.E. AW—2d con. 6s, 1969 99*2
F t. W. A D en v . C .—1st, 6s, 1921 82
GaLHar.A San. A nt.—1st, 6s, ’ 10 106 b.
2d M., 7s, 1 9 0 5 ......................... 104 a.
West. Division—1st, 5s, 1931. 92 a.
2d, 6s, 1931.............................
Gr’n B .W .A S t.P —2dinc.8s,1911 31*2
G ulf Col.A 8an.Fe—1st,7s, 1909 121
Gold, 6s, 1923............................ 97*8b.
Henderson Br.Co.—1st. 6s, 1931 109*2b.
H. A Tex. C.—1st M. L. 7 s......... 114*4
1st, W est. D., 7 s,1 8 9 1 ............... 113%
1st,W aco A N. 7s, 1903.............. 114 b.
2d, consol. M. L. 8s, 1 9 12....... 108 a.
Gen. m ort. 6s, 1921, tr. r e c ... 69 b.
Ind.BL A W .—1st,p ref.,7s, 1900
1st, 5-6s, 1909, tr. re c.............. 87 b.
2d, 5-6s, 1909, tr. r e c________
East. D iv.—6s, 1921, tr. r e c .. 86 b.
Incom e, 6s, 1921, tr. r e c .......
Int. A Gt.Nor.—1st, 6s, g o ld ,’ 19 1 1 0 a.
Coupon, 6s, 1 9 09...................... 72
Kent. Centr.—G old 4s, 1987___ 74
K noxv. A O .—1st, 6s, gold, 1925 93*2 a.
L. Erie A W .—1st g., 5s, 1 9 3 7 .. 103*2
L akeS h.-C on.coup., 1st, 7s, 1900 127 a.
Con. coup., 2d, 7s, 1903........... 124*2b.
L ong Island—1st, 7s, 1898......... 120*4b.
1st, consol., 5s, 1931................ 1 11 b.
Lou. A Nash.—Consol., 7s, 1898 1 2 0 b.
N. O. A Mobile—1st, 6s, 1930. 1 10 b.
97*2b.
2d, 6s, 1930............................
E . H . A N.—1st, 6s, 1 9 19......... 113 b.
General, 6s, 1930...................... 113
Trust Bonds, 6s, 1922............. 110
10-40, 6s, 1924....................... 103 b.
Lou. N. A . A Ch.—1st, 6s, 1910. 109%
Consol., gold, 6s, 1916.............. 92*8
Mem. A Ch’lston—6s, gold, 1924
M etro. Elevated.—1st, 6s, 1908. I13*2b.
2d, 6s, 1 8 9 9 ............................... 103 b.
Mich. Central—1st, con., 7s, ’02
Consol. 5s, 1902........................
Miss’riP a c.—1st, cons., 6s,1920 112*2
8d ,7s, 19 06............................... 115 b.
Pac. o f M o.—1st, 6s, 1888___ 1033s
2d m ort., 7s, 1891................ 105 %b.
Closing.
Railroad Bonds.
Lowest.
27*4
82%b,
110 a.
108*2b.
105
94*2
132*2
10738
120*2
1 0 0 *2a.
127
108 *2 a.
1 01 b.
72*2
72%
119 b.
79 14 a.
72*2b.
6 6 b.
39*2b.
99
103 a.
136 b.
1 1 0 *2 b.
99 a.
80’ 8
104 *sa.
92 a.
32
a.
108 Jan.
108*8 Jan.
10478 Jan.
94*4 Jan.
131*2 Jan.
107 Jan.
119*2 Jan.
[99% Jan.
123 Jan.
107*2 Jan.
100 Jan.
70*2 Jan.
70 Jan.
119*2 Jan.
76*2 Jan.
71 Jan.
6 6 Jan.
78*2 Jan.
34*2 Jan.
95% Jan.
97 Jan.
135 78 Jan.
I l l Jan.
116% Jan.
97*8 Jan.
79 Jan.
105% Jan.
104 Jan.
91 Jan.
30
Jan.
Jan.
96*2 Jan
108*2 Jan.
114 Jan.
11258 Feb.
112% Jan.
107 Jan.
65 Jan.
112*2 Jan.
85 Jan.
68*2 Jan.
87 Jan.
32*2 Jan.
122 Jan.
9 7 78 Feb.
110 Jan.
115*2 Jan.
11458 Jan.
112% Jan.
108*2 Jan,
69 Feb.
112*2 Jan.
89*2 Jan.
71*2 Jan.
87 Jan.
109
70
69
89*2
111*2 Jan.
120 %b. 119
97%
110
b.
114*4
114 b.
105 a.
65 b.
8 8 b.
18 b105 b.
70*4
74*4
92%
104 a.
127 a.
124 b.
110 Jan.
109 Jan.
105*2 Jan.
95 Jan.
132*2 Feb.
107*2 Jan.
120*2 Jan.
100*2 Jan.
127 Feb.
108*2 Jan.
104 Jan.
73% Jan.
75 Jan.
121 Jan.
79*2 Jan.
72 Jan.
68*2 Jan.
78*2 Jan.
43 Jan.
99*2 Jan.
104 Jan.
137 Jan.
112 Jan.
117 Jan.
9 9 78 Jan.
82 Jan.
106 Jan.
105*2 Jan.
92*2 Jan.
Jan.
Feb.
Jan.
Jan.
101*2 Jan.
125*4 Jan.
122*2 Jan.
120*2 Jan.
ill
Jan.
1 22 b. 120 Jan.
1 1 0 *8b. 108*8 Jan.
97 b. 96*2 Jan.
114*4b.
113
109% Jan.
109% 108 Jan.
102 %b. 109*2 Jan.
109 Jan.
110*2
91*2b. 90*2 Jan.
1 0 2 b. 100 Jan.
113% 113% Feb
103*2 103 Jan.
129
127 Jan.
110 Jan
113 b. 112 Jan.
118
115 Jan.
100 *2 b. 1005s Feb.
1 0 6 *2 a. 104 Jan.
77 Jan.
7 5 - Jan.
94*2 Jan.
104 Jan.
127 Jan.
125 Jan.
121 Jan.
111*2 Jan.
121 Jan.
110 Jan.
97 Jan;
113 Jan.
110 Jan.
109*2 Jan.
112% Jan.
93 Jan.
10278 Jan.
116*4 Jan.
105% Jan.
129 Feb.
110*2 Jan.
113*2 Jan.
118 Feb.
103*2 Jan.
104% Jan.
Range since Jan. 1.
Lowest.
119 Feb.
11678 Jan.
105*a Jan.
104% Jan.
105 Jan.
53 Jan.
68 Jan.
59 Jan.
101 Feb.
108 *s Jan.
105*3 Jan.
45 Jan.
84*3 Jan.
128% Jan.
104*4 Jan.
132% Jan.
109 Jan.
128*3 Jan.
86*4 Jan.
114*8 Jan.
127 Jan.
10778 Jan.
102% Jan.
109 Jan.
91 Jan.
111*3 Jan.
75*2 Jan.
102 Jan.
99% Jan.
.14*2 Jan.
117*4 Jan.
99*2 Jan.
31*2 Jan.
75 Jan.
94*4 Jan.
109 Jan.
96*4 Jan.
93 Jan.
L06 Jan.
104 Jan.
72 Jan.
55 Jan.
113
Jan.
98
41
Jan.
Jan.
38 Jan.
98 Jan.
40% Jan.
89
Jan.
96% Jan.
90 Jan.
34*2 Jan.
97 Jan.
69 ja n .
15 Jan.
47*3 Jan.
65*2 Jan.
60 Jan.
85 Jan.
93 Jan.
91*2 Jan.
Highest.
120*3 Jan.
1173a Jan.
110 Jan.
108 Jan.
110 Jan.
55 Jan.
73*4 Jan.
63*4 Jan.
106*3 Jan.
116 Jan.
105*3 Jan.
51 Feb.
8 8 Feb.
130 Jan.
105 Jan.
135 Feb.
110*3 Feb.
133 Jan.
90*4 Jan.
117*3 Jan.
129 Feb.
108*3 Jan.
106 Jan.
113 Jan.
93 Jan.
113*2 Jan.
80 Jan.
117*8 Jan.
11638 Jan.
105*a Jan.
102*2 Jan.
115 Jan.
118 Feb.
104 Jan.
34 Jan.
76 Jan.
100 Jan.
110 Jan.
100 Jan.
96 Jan.
109 Jan.
106 Jan.
75 Jan.
59*4 Jan.
114 Feb.
100 Jan.
115*3 Jan.
107 Jan.
103 Jan.
101% F eb.
41 Jan.
113 Jan.
110*4 Jan.
103*2 Jan.
38 Jan.
104% Feb.
48*2 Jan.
111*2 Jan.
112 Jan.
105*2 Jan.
92*2 Jan.
118 Jan.
118*2 Jan.
118 Jan.
115*3 Feb.
102% Jan.
101*8 Feb.
112*2 Jan.
118*2 Jan.
116*4 Feb.
97 Jan.
91 Jan.
36*4 Jan.
102 Jan.
80 F eb.
18% Jan.
113 Jan.
107*4
51*2
70*2
62
Jan.
Jan.
Jan.
Jan.
97*3 Feb.
105 Feb.
97 % Jan.
93% Jan.
114 Jan.
119
Jan.
112*2 Jan.
I ll
78
45
93
84
Jan.
Jan.
Jan.
Feb.
88
Jan.
Jan.
83
88 Jan.
9978 Jan.
Jan.
105 Jan.
103*2 Jan.
80 Jan.
47 Jan.
98 Jan.
90 Jan.
109 Jan.
109 Feb.
91 Feb.
87*2 Jan.
108*4 Feb.
90 Jan.
101*8 Jan.
N ote —The letter " b” indicates price bid, and “ a” price asked; all other prices and the range are from actual sales.
STATE
SECURITIES.
Bid.
Ask.
SECURITIES.
BONDS.
Bid.
Ask.
Alabama—Class A 3 to 5 ........1906 106 107*2 Missouri—6 s ....... due 1889 or 1890 102
Asylum or U niversity, due 1892 107
Class B, 5 s .............................1906 110
F u n d in g ...................... 1894-1895 108
Class C, 4s............................... 1906 100
N ew York—6 s, loan..................1892 112
6s, 10-20.................................. 1900 102
6 s, loan .................................... 1893 112*3
Arkansas—6 s, fu n d ed.. 1899-1900
18
35
40
North Carolina—6 s, o ld .............JA J
7s, Little R ock A Fort Smith, iss.
20
Funding a ct............................ 1900: 10
7s, Memphis A Little R ock, iss..
20
20
7 b ,Arkansas Central R R ............
New bonds, J. A J -----1892-1898
15
6
Georgia—'7s, g o ld .....................1890 105*2 106
Chatham R R ..................................
11
Louisiana—7s, cons.................. 1914 100
Special tax , Class 1 ............ .........
Stamped, 4s...................................
Consolidated 4 s..................... 1910 94
96
91*2 93
Michigan—7s..............................1890 106
6 s............................................... 1919
121
SECURITIES.
Bid.
A sk .
Rhode Island—6 s, c o u ..1893-1894 1 12
4
South Carolina—6 s, non-fund.1888
5*4
B row n consolidated 6 s ....... 1893 106*2 108 *
59*2 62*3
Tennessee—6 s, old .........1892-1898
Compromise, 3-4-5-68........... 1912' 69*2 71*3
New settlement—6 s ...............1913 1 0 2
5s...................
1913
96*3
70
3s............................................1913
70*s
Virginia—os, old .......................
1 48
6 s, consolidated b o n d s .......... .
90
6 s, consolidated, 2 d series....... .
6Ó
6 s, deferred, trust re c...................
8*2
162
THE CHRONICLE.
[Voi* XLT X»
A B STR A C T FROM REPORTS OF TH E N A T IO N A L B A N K S M A D E TO TH E COMPTROLLER DECEMBER 7, 1887.
D eposits.
1887.
C a p ita l.
¿1
«ífO
S u rp lu s.
In d iv id u a l.
$
10,585,352
6.205.000
7.566.000
50,950,000
44,790,500
20,340,050
24.444,370
164.8» 1,272
$
2,406,285
1,454,781
L 572.214
12,652,035
14,203,975
4,257,985
6,910,033
43,457,308
f M aine..............
*0 N. Hampshire.
& V erm on t.........
B oston.............
S Mass., other ..
" R hode Island,
to C onn ecticut...
( Total D iv.N o.l
74
49
49
54
198
61
83
56«
f New Y ork City
® A lbany __
5 N. York, other
*d New J e rse y ...
Q Philadelphia..
*3 Pittsburg . . . . .
ea Penna., o th e r .
[ Total D iv.N o .2
47 49.150.000 30,620,762
1,750,000
1,243,000
6
272 34,872,260 10,134,597
81 13.098,350
4,514,268
43 22.758.000 10,856,303
23 10.180.000
4,415,035
238 33,615,340 11,651,310
710 165,423,950 73,435,275
f D ela w a re . . . . .
5 Baltimore .. ..
•0 Maryland, oth.
>0 W ashington...
g Dist. Col., oth.
E V irginia..........
gg W est Virginia.
1 T otal Div.No.3
2,083,985
17
17 11,713,260
2,806,700
31
1.575.000
7
1
252,000
3,796,300
. 25
1.961.000
2o
118 2 4 ,188,245
2.476.000
19
1.723.000
16
3.106.000
21
640.000
11
20
3.494.000
3.055.000
12
2.925.000
8
500.000
5
10,047,000
91
950.000
7
3,551,500
9
59
9,758,900
7.485.000
40
318 47,711,400
544,491
778,800
951,732
66,680
639,904
128,868
1,199,000
30,308
2,457,98«
111,500
951,175
2,340,618
1,465,308
11,606,372
15 10,180,000
6.750.000
9
192 23.030.000
93 11.894.500
18 15.050.000
160 14.381.500
4,000,000
8
101 10,860,850
650,000
3
4.530.000
54
653 101,326,850
10,222,300
13,693,537
2.700.000
6.275.000
2.531.000
11,234,280
2.400.000
6.030.000
3.725.000
58,811,117
' North Carolina
South Carolina
G eorgia...........
F lo rid a ...........
A A la b a m a ........
g Mississippi___
j j New Orleans..
Louisiana, oth.
g T e x a s ..............
£ A rk an sas.......
Louisville
Kentucky, oth.
Tennessee.......
a Total Div.N e.4
f C in c in n a ti....
e Cleveland
S Ohio, other . . .
i§ Indiana...........
¡5 C hicago...........
E Illinois, other.
• D e tro it...........
• M ichig’n, other
• M ilwaukee___
s Wisconsin,oth.
i T otalD iv.N o.5
• f Iow a ................
| Minnesota . . . .
a St. L o u is.........
& St. Jo.&Kan.C.
£ Missouri, oth’r
g K an sas...........
2 Omaha.............
P Nebraska, oth.
1 D akota............
1 Total Div.No.6
Other.
129
57
4
10
35
146
8
95
62
540
$
9,706,720
5,594,388
6,339,889
79,838,623
52,320,465
14.085,064
23,828,572
191,713,741
$
132,937
468,261
190,518
3,772,522
304,120
136,257
1,480,138
6,484¿Z£>3
226,090,463 9,494,703
150,000
6,270,826
88,508,094 1,221,892
953,550
37,974,941
681,048
76,581,274
607,264
24,476,560
482,519
70.838,84«
530,741,006 13,590,976
44.976
* 3,908,794
565,936
18,522,509
198,000
6,390,192
96,871
6 ,l l l ,0 o 6
775,075
9,404,023 1,589,394
75,000
2,997,18b
48,108,835 2,570,177
Gold
L o a n s <£ d is C old a n d
T rea su ry
counts. (I n c l’g g o ld O .H .
o v erd ra fts.) certificates. certifica tes
$
605,741
286,442
331,255
4,290,336
2,099,550
4S9,276
1,260,060
9,312,6oO
$
18,898,503
9.583,071
13,075,357
125,029,621
91,587,598
34,922,020
42,478,196
335,574.366
258,201,928 26,138.553 30,744,9*0
8,077,920
409,389
225,000
100,324,493 3,319,296 1,025,420
40,815,285 1,118,542
172,530
83,428,797 9,778,627
84,200
31,733,910 2,172,493
873,970
80,833,298 3,610,552
294,020
603,415,631 46,547,452|33,450,06o
4,925,716
26,091,532
6,915,554
4,090,540
357,717
10,551,739
4,062,744
56,995,542
189.918
1,342,507
267,693
205,724
84.375
362,536
239,509
2,692,262
402,094
159,994
911,615
1,429,746
458,265
4,733,007
4,987,653
4,376,674
7,489,556
1,600,867
7,630,795
2,512,631
10,853,741
1,274,832
19,728,583
3,013,971
9,454,910
17,569,511
19,011,798
109,505,52 i
151,815
176,621
171,960
31,870
217,107
74,817
726,796
55,639
678,605
73.802
196,346
397,073
394,780
3,347,231
1,860,000
959.000
5,219,688
3,534,421
4,187,000
4,662,505
454.000
2,212,617
390.000
1,195,586
24 ,6,4,817
17,249,351 4,239,46»
371,070
9,987,433
40,468,318 1,082,921
25,087,456 1,110,856
769,012
44,833,490
33,967,146 1,143,237
720,472
9,630,920
47,672
22,526,347
607,232
3,741,489
136,634
13,077,477
220, b 69,4 z 7 10,228,574
23,702,139
16,862,790
51,494,146
28,596,886
60,842,435
36,990,852
13,199,184
29,067,262
3.807,750
13,552,143
278,115,587
2 /9 ,3 3 4
644,384
2,416,005
1,940,941
9,332,227
2,001,125
1,037,051
1,413,914
437,437
851,751
20.354,169
2,578,182
2,366,052
1,040,000
543.000
558,993
1,448,378
579.000
917,273
667,331
10.698,209
19,083,239
25,047,809
5,693,555
11,317,209
4,388,834
16,017,069
7,622,841
9,175,796
5,856,730
104,203,073
24,760,427 1,044,789
37,187,490 . 2,071,476
7.991,336
717,168
15,469,301 1,162,404
5,296,964
242,522
21,527,770 1,036,984
8,466,949
806,454
14,002,915
597,211
6,877,897
483,304
141,581,099 8,162,312
809,350
3,544,400
902,096
481,204
60,000
1,424,892
464,871
7,686,813
3,694,264
4,097,705
4,903,751
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
77,8 7 »,759
82,749
550,754
155,509
99,779
80,148
402,354
125.110
690,853
425,749
580,159
524,945
499,978
273,447
3,120,241
*7,920
11,520
9,830
3,551,620
253,100
79.880
196,090
4,110,010
150,000
2
40,000
311,797
551,283
2.700.000
3
262,744
2,669,928
San Francisco.
4,531,989
30
4.225.000
781,550
20,213,406
15,256,084
California,oth.
148,260
1.815.000
158,850
23
Oregon............
5,109,658
573,644
5,652,858
1.520.000
20
Washington T.
243,457
3,858,845
4,144,735
1,486,601
32,163,634
Total Div.N o.7
78 10,410,000
30.136,9*9
721,904
A rizon a...........
100.000
1
131,116
144,326
Colorado........
2,780,260
31
930,000
15,187,718
941,281
12,697,993
I d a h o ..............
350.000
6
28,981
577,169
56,938
595,637
M on ta n a ........
17
1.975.000
420,450
8,790,205
8,584,521
180,539
New M exico ..
9
850.000
174,936
1,561,730
1,814,553
107,898
f t U t a h ..,...........
850.000
7
873,278
2,480,139
2,288,499
195,013
g W yom in g .......
1.075.000
213,368
8
1,651,390
2,491,260
7,980,260
2,141,013
79
t Total Div.N o.8
30,379,467 1,481,669
28,616,789
T ota l fo r U. 8 . . . 3,070 580,733,094 175,246,40« 1.235,757.94i 42 ,931 .301 1,583,»41.485
( N e v a d a ...........
S
5
2
2
1
(
g
2
te
“
52,495
1,222,063
3,298,642
869,958
555,355
5,998,513
7,540
864,340
46,645
471,360
100,000
27,110
7,420
1,524,415
Silver
L ea .tend'>
T rea su ry <t U. S. ctfs .
certificates o f dep osit.
S ilver.
$
$
12,330
21 1,03 2
8,975
132,899“
9.614
178,952
465,095 3,190,676
79.867 1,385,597
53.978
626,314
50.214
70 0,50 2
6sO,U 3 6,426,023
83,737
109,548
80,170
207,976
597,010
122,059
293.230
1.493.7.^0
703,739
990,090 19,686,132
40,104
10,000
342.962
674,406 143,846 3,366,669
366,508 103,128 2,025.947"
618,701 3 3 ),8 2 9 5,648,333
163,207
70,208 1,766,862
854.794
152,083 2,881,056
3,421.460 1,800,684 35,717,962
19,022
64,575
139,179
160,685 229,613 1,940,285
131,355
20,483
314,099
40,635
85,677
633,126
6,780
6,636
7 0 ,509
123,344
54,152
775,144
3,121
41,746
22 7,10 7
568,976 418,848 4,099,440
3,100
1,220
45,838
93,817
11,921
12,020
141,173 103,185
99,650
31,021
9,880
3,290
44,633
24,820
92.418
37,943
46,954
8,910
119,281 325,577
65,180
25,209
34,898
2,000
403,874 261,342
227,650
25,452
58,220
18,260
37,481
6,000
103,319
12,308
36,230
122,170
198,651
114,570
619,8U0 1,355,677 l,034,l& 8
271,482
439,768
417.643
138,856442,695158,224.
951,77657,001
2,140,613
161,856
701.643
544,194
732,799
7,158,550
280,700
225.000
101,880
131,470
2,452,250
203,850
3,400
38,340
115.000
7,490
3,559.380
88,70*
63,285
430,579
358,491
337,196
406,295
80,951
235,665
30,888
113,117
2,14.), 169
21,307
48,423
309,055
62,356
20,815
25,185
3,055
4,954
588, t5u
3,028,668
1,068,000
2,7 31,7 19
1,794,3765,419,947
1,716,380
745,720
849,226
446,336
520,708
18,321,061
86,110
28,640
341,300
128,460
12,610
48,873
16,170
15,120
16,790
692,073
228,728
190,211
30,544
158,056
49,702
202,039
120,003
81.573
69.574
1,130,430
49,31 i 3,096,428
9.8 44
930,645
133,700 1,130,407
88,799 1,635,341
7,436
278,281
57,636 1,144,394
9,330
665,968
14,109
309,449
11,540
382,843
381,705 7,572,756
590
253,030
1,210
2,330
257,160
3,257
28,748
156,892
70,820
57,950
317,667
21,725
1,273,871
51,190
802,399
76,516
297,583
224,514
2,747,778
93,090
1,890
118,934
3,618
84,068
22,577
34,249
9,150
274,486
47,300
720
25,350
2,170
53,070
—.
•
*55", 78*1
22,331
4,013
77,125
9,024
2,916
26,166
4,189
6,089
865
7 ,4 8 6
299,020
47,754
6 8 ,678
42 3,80 3
13,815
964,296
59,023
596,244
82,963
70 ,884
30,162:
1,817,392
Total
United
States.
Total
Other
Cities.\
¿I
Q°
é¡
CQ
Total
Reserve
Cities.
Omaha.
i
H
St. Joseph.
1e
Kansas
City.l
1
ir
Detroit.
?
Chicago.
« I
Cleveland.
s'
J
I New
Orleans.
Ot
Ä
3
Baltimore.
1Phila
delphia.
•5?
I Albany.
T o t a l s t o r R e se r v e
' Cit ie s , &c.
Boston.
48,384
128,610
99,162,377 44.341,6u» It 0.707.6» ; 5,029,162 81,636,987
STATEMENT OF TH E NATIONAL BANKS OF THE RESERVE CITIES, AND TOTALS.
Liabilities.
Capital stock...............
Surplus fun d .................
Undivided profits.........
C irculation... ............ .
D ue to depositors........
D ue to hanks.................
Other liabilities............
5 0-9 4 9 1
1 2 7 3 0-6
4-b 11-3
7-9
82
8 3-6 2 3 5 6
3 3 9 1 3 8 -1
•1
•2
J
r
A*
fei
8
s
8
Mill's. Mill’s. Mil’s Mill’s. Mil’s Mil’s MU’s Mil’s Mil’s Mil’s M il’s MiU’s. Mil’s Mil’s Mil’s MU’s Mil’s Mil’s Mil’s Millions. Millions. Millions.
. Resources.
L oans.............................. 1 2 5 -0 3 5 8 -2 8 1 8 3-4 31-7 2 6 1 4-1 1 0 9 9 5 2 3 7 16-9 6 0 8 13-2 3-8 8-0 1-9 1 3-5 8-5 4-5
71T8
8 7 2 -1 1 , 5 8 3 »
S-8
9-5 1 1
Bonds fo r circulation..
2-7 1-8 1-9
•7 1-4
•4
•3
*7 2-8
•6
*7
•4
11
•2
•3
•8
362
1 5 0 -2
186A
36
9-6
•2
■7
•6
•6
Other U. S. bonds.......
•9
•6
•7
•6
’9 4-4
•3
1-1
*5
•3
*3
•7
266
2 2-6
493
*•9
•
3
16-6
3-3
•3
•9
■
4
1-6
Stocks, bonds, &c.........
2-3
•4
•1
•9
•2 2-4
•3
•4
•2
5 7 -3
9 0 -6
335
2 5-0 2 8-1 2-3 1 3 7 3-6 4-1
Due from banks............
*7 1-9 1-2 6 3 2-6 1 0 9 2-8
•8 1-7
•4 3-2 2-6
•5 1 1 2 4
1408
253 3
•3
3-4 1-5
•8
•6
2-9 1 0 5
•5
*7
•1
•1
B eal estate....................
•1
•1
•4
•6
•3
•4
•4
237
58-8351
•4
Gold coin .......................
43
2-3 2-2 1-4
8-3
•2
•7
*4
9 3 l-o
•2
*7
•7
•1 i n
•8
•8 1-1
355
3 8-2
737
3 5 3 0-7
•1
•9
Gold Treasury cert’s...
*2
•9
•5
•1
•1
25
*3
•3
•2
•1
•i
4 0 -6
3-8
443
7-5
Gold Clear, H ouse ctfs.
1 7-9
255
....
•1
25 5
•7
•1
l-o
•2
•4
*1
•1
Silver coin and certifl’s
1-7
•4
•1
94
•1
•6
63
•2
•1
1 5 -7
•1
•2
•2
•1
«•9 1 7-9
4-6 1-8 1-2
•9
Legal tender notes .. ..
•5
•4 TO
754
433
54
321
•7 1*8 1 1
•1 T 5
•7
•2
•s
1-8
1*1
*7
•1
56
•1
•6
U. S. ctfs. o f deposit..
•1
6*a
1-2
•1
•6
•5
•4
7-7
1-6
1-8
•1
163
National bank notes....
•1
•1
10
*2
•2
240
*3
•5
•2
•1
8 3 1-3 1-3
9 5 5 4-5
•1 1-4
82-7
2-4
•s
•1
•1
•1
Clearing House exch ’s.
•1
•5
851
•4
■2
•3
41
•1
•2
■6
•1
23
7 0
9-3
•7
•1
*1
•1
•1
•1
’1
D ue from U. S. T reas..
1
3
5
2
9
2
427
•
3
•
1
•1
1-2
•5
•3
2-0
5-3
•
4
•
4
•8
•4
•2
•
3
•2
•1
•1
•2 1-1
Other resources............
7 '8 1 ,2 0 7 1 1 ,4 1 7 1 2 ,6 2 4 '3
T otals....................... 1 9 3 -7 4 7 3 -0 1 3-9 1 3 4 1 4 7-0 4 1 1 9-3 2 1-0 1 3-9 4 5-5 2 3 « 1 0 0 4 19-9 7 '2 15-2 3-3 2 2 -1 Í s ñ
1-8 2 2-8 10-2 11-7
1-2 1 0 9 4-4 3-5
■3
1-8 1 1 1-3
2 4 1-6 1-7
l-o
6-4 77-2 2 5 T 1 9 1
3 « - 18-8 4-3 3-7
•1
•2
-3
Totals ...................... ll9 3 -7 4 7 3 0 1 3 9 1 3 4 1 4 7 0 4 1 1
1-6 2-9
•5 1-3
•2
•7
•5 1-2
6 2 12-0
•2 2-5
•1
•4
3-6 1 0 2 6 8
•9
10
1-9
•2 TO ' -3
•5
•6 2-4
4-8 2 T 5 1 0 4
3-0 7-8 2-1
’7 2 6
•7
•7 2-7
15-1 4-0
•4 l-o
4-2
•5
*2
■3
2-2
•5
•6
•3
•8
■3
4 5-6 10-3 4-3 6 1
3 2 5 4-1 1-3 4 2
•2
*3
9 3 2 1 -0 13-9 4 5-5 2 3 6 1 0 0 -4 1 9 9
7 '2 1 1 5 2
•3 6-0 2-4 2-7
•3
•4
•6
•1
•4
•2
•1
•2
•4
•7
•8
•1
2 '2 9 7 8-1 2-7
•4 4-9 2-9 1 2
•1
•3
.6
3-3 2 2 - i 1 5 1
2 0 5 -6
76 4
26 8
315
5909
2691
6»
5807
3752
1753
98-8
79 3
531
133 5 165 0
6 8 7 -8 1 ,2 7 8 -7
3219
5 2 -8
228
15 9
7 '8 1 ,2 0 7 111,417-1 2 , 6 2 4 3
168
THE CHRONICLE
F e b r u a r y 4, 1888,Jî
G EN ERAL
QUOTATIONS
OP
STOCKS A N D
BONDS.
Quotations In New Y ork represent the per cent value, whatever the par m ay h e ; other quotations are frequently matte per share.
The follow in g abbreviations are often used, viz.: “ At.,” for m ortgage; “ g .,” fo r g old ; “ g’ d ,” fo r guaranteed; “ e n t.,” fo r en d orsed ;
l o r consolidated; “ con v.,” for c o n v e rtib le ; " s . f.,” fo r sinking fu n d ; “ 1. g.,T’ fo r land grant.
Quotations in New York are to T h u rsd ay ; from other cities, to late m ail dates.
S u b scrib e rs w i l l c o a le r a fa v o r b y g l r i a » n o tic e o f a n y e r r o r d is c o v e r e d i n th e se Q u o t a t io n s .
U nited States B onds.
Bid.
Ask.
Cit y Securities .
Bid. Ask.
Cit y Securities .
cons., fl
Bid.
A sk.
Baltimore—(Continued)—
Minneapolis—4s, 1906-1916. Various I 90
95
6s, bounty, exem pt, 1 8 9 3 ... M & 8 I l l
5s, 1893.............................V a rlo u sl 100 105%
5s, water, 18 94...................... ..J& J 107*2 108
8s, 1905................................Various! 130 133
121
6s, 1900................................... J&J
4*as, 1 9 1 3 -1 5 .....................Various! 102 104
6s, W est. Md. R R ., 1902 . . . . J&J 120
81
M obile, Ala.—4-5s, funded — J & J 79
5s, 1 9 16.................................... M&N 127*4
75
M ontgom ery, A la.—New 3s ..J & J 70
110*2
4s, 1920...................... . ............. J&J
5s, n ew ............................. .................. 90 100
Bangor, Me.—6s. R R .,l8 9 0 -’94.Var.1 102 106
Nashville, Tenn.—6s, sh ort................ 100
6s, w ater, 1905....................... J&J 1 117 119
6s, lon g ..................................... - ........ 105
105
102 103
106
6s, E.& N.A. R ailroad, 1894..J& J)
Newark—4s, lo n g ..................... .
6s, B. & Piscataquis R R .,’99.A&Oi 107 110
4*28, l o n g ................... ....................... 104 106
Bath, Me.—6s,railroad a id .......Var) 100 101
5s, lo n g .............................................. 110 111
5s, 1897, m unicipal.......................... 101*2 103
6s, lo n g .....................................V ar.! 119 120
B elfast, Me.—6s,railroad aid, ’ 98.. 1 103 105
7s, lon g ...................................... Var.! 125 126
Boston, Mass.—6s, cur .long,1905Var) 126 129
7s, w ater, lo n g ........................ V a r .) 126 128
6s, currency, 1 8 9 4 ................... Var. 112 112*2 New Bedford,M ass.—6s, 1909. A&O! 126 129
5s, gold, lo n g ................‘...........Var.) 115 115*2
58, 1900, W ater L oan .............A.&O 111 113
4*28,1908...................................A&O 106 108
N. B runsw ick, N. J.—7s, lo n g .........! 105
4s, currency, lon g ..................... J&J 104 106
6s, lo n g ........................................ . . . . ! 100
Brooklyn, N .Y.—7s, 1890.................. 110 111
New Orleans, La.— Prem ium 5 s '.... 134*2 134%
107%
108
6s, W ater, 1891.................................
Consolidated 6s, 1892............. V ar 109% 110%
6s, W ater, 1899................................ 126 127
Newport, K y.—W ater bonds 7-30s..
152
154
6s, Park, 1 9 2 4 ..................................
New Y ork City—5s, 1908......... ......... 121 123
7s, Park, 1 9 1 5 ................................. 156 161
6s, 1 8 9 6 ....................................- ........ 118 120
138
139
7s, Bridge, 1902...............................
6s, 1 9 0 1 .............................................. 128 129
7s, Bridge, 1920................................ 156 161
7s, 1 8 9 0 .............. ............................... 107% 108
Buffalo, N. Y .—78,1895............ Var.) 110
7s, 1 8 9 6 .............................................. 125 128
7s, w ater, lo n g ......................... Var.) 132
7s, 1 9 0 1 .............................................. 136 138
6s, Park, 1926........................ M& Si 114
N ewton—6s, 1905, w ater loan ..J& J 124 126
Cambridge, Mass.—5s, 1 8 8 9 ...A&OI 100 100*2
5s, 1905, w ater l o a n ...:........... J&J 112 113
6s, 1894. water loa n ................ J&J 111 112
N orfolk,V a—6s,reg.stk,’78-85. .J&J 107
6s, 1896, w ater lo a n ................ J&J 112 114
8s, coup., 1 8 9 0 -9 3 ....................Var. 125
6s, 1904, city bonds............. J&J * 122 125
8s, w ater, 1 9 0 1 ..................... M & N 128
Charleston ,S.C.—6s,st’k,’76-98.. Q-J 84
Norwich, Ct.—5s, 19 07............A & O ) 111 113
7s, Are loan bonds, 1890___ J & J
7s, 1 9 0 5 ...................................... J-&J 133 137
108
7s, non-tax bon ds.............................
Orange, N. J.—7 s, lo n g ....................... t 116
4s, non-taxable.................. .............. 84
Oswego, N. Y .—7s, 1 8 8 7 -8 -9 ........ 100
Chelsea, Mass.—6 s,1897,water loan) 114 116" Paterson, N. J.—7s, l o n g ........... Vai 120 125
115
Chicago, 111.—7s, 1 8 9 2 -9 9 ................. 115*2
6s, lon g ........................................
112
6s, 1 8 9 5 ............ ................................. 113
5s, lo n g ........................................
108
4*28,1900.......................................... 105*4 106
4*39, lo n g ....................................
103 105
3-65s, 1902................... ..................... too
4s, lon g ............ .............. ...........
Cook Co. 7s, 1 8 9 2 ............................ 111 111*« Petersburg, Va.—6 s...................... J&J 110 112
Cook Co. 5s, 18 99................... . ........ 105
8s......................
J**5 118
Cook Co. 4*28,1900............ . ........... 105 107
8s, special t a x ..................- . . . . . - - . . . 118
W est Chicago 5s, 1 8 9 0 ................... 102
Philadelphia, Pa.—6s, 1886- 99 J&J 116 126
Lincoln Park 7s, 1 8 95................... . 104 105%
6s, new , reg., due 1900 & over. J&J 129 134
W est Park 7s, 18 90....................... 105
Pittsburg, Pa.—4s, coup., 1913.J&J. 103 104
South Park 6s, 1 8 9 9 ...................... 103
5s, reg. and coup., 19 13.........J&J. 115 117
Cincinnati, O.—6s, 1897........ M&N 110
6s, gold, r e g .............................. -Var. 124
7-30s, 1902........................................ 131 132*2
7s, water, reg.& cp. ,’9 3 -’ 9 8 .. .A&O. 128
4s, 10-20................................... J&Jt 102 103 *s
5s, Refunded, 1912.......................... 114 116
105 107
Southern R R . 7-30s, 1 9 0 6 ...J & J t 132 135
4s,
do
1 9 1 5 ............ .
do
6s, g .,1 9 0 6 ........M&N) 122 123*2 Portland, Me.—6s, Mun., 1 8 9 5 .Var.1 106 108
do
Cur. 6s, 1 9 0 9 ....F& At 122*2 123*2
6s, railroad aid, 1907 . . . . — M&8 120 122
14%
do
Skg. fd. 5s, 1910M&N t 114
4s, funded, 1902-12.................-J&J 101 103
H am ilton Co., 4s
104*4 104% Portsm outh, N .H.—6s, ’93 ,R R . J&J 1 107 108
Cleveland,O.—7s, ’94, fd. debt.. A&O 116 118
Poughkeepsie. N. Y .—7s_,water lon g ! 138
7s, 1896, canal.......................... M&S 118 120
Providence, R .I.—5s, g.,1900. ..J&J i 110
6s, 1898..........
Var. 113 113*4
6s, gold, 1900, w ater lo a n ..J & Jt 118% 119
5s, 1887-89................................. Var, 100 100*2 R ahway, N. J .—Old 7 s ............. - .........
75
Columbus, Ga.—7 s . .................. .Var, 110 112
82
New adjustment, 4 s........ .
105
5S
«•■•■■■•••■I,
102
Richm ond, V a.—6s, 1884-1914. J&J 117
Covington. K y.—7 -3 0 s ,lo n g ...........l 110 112
133
8s, 1886-1909............................. J&J
W ater Works, 1890........................; 106 107
5s, 1914-15......................... .....J & J 105
95
4s, 1937, n e w ..................................I 103 103*2
.................................................... .
Dallas, Texas—8s, 19 04.................... 110
t
140
10s, 1 8 93-9 6...................................... 110 115
7s, water, 1903................... -J & JJ
l, 98 Ì0Ó
Water, 6s, 1900 ............................. 100 103
87 ___
Detroit, Mich.—7s, lon g ............Var. 120
106 107
130
7s, water, lon g ..........................Var. 125
87
106 107
Elizabeth, N. J.—New 4s,1912.M&N 82
f 101 102
Evansville, Ind—7s, long, V arious..
5s, 10-20.
>100 ___ ’
Fall R iver, Mass.—6s, 1 9 0 4 ...F& At 120 120*2
4s, 1905.
) 118 120
5s, 1894, g old ..........................F&A 105*2 106*2
1 92
96
5s, 1 9 0 9 ....................................F&A! 113 115
8t. Paul, Minn.—4s, 1912.
100 __ ,
106
Fitchburg, Mass.—6s. ’ 91,W .L. .J&J) 104
101
Galveston, T ex.—8s,1893-1909.M&S 101 103
5s. 1 9 1 5 ...
111 112
98
5s, 1920................
J&D 92
6s, 1 9 0 0 ...
115 117
H artford, C t —C ity 6s, var. d a tes..! 104 114
7s, 1 8 9 8 ...
Capitol, untax, 6 s..........................i 110
125
128
8s, 1 9 0 4 ...
H artford T ow n 4*28, un tax...........t 100 105
Salem, Mass.- - 6 s ,’ 98, W .L .A & O .. 116 118
Haverhill, Mass.—6s, 1 8 8 9 ... A&O) 102*2 103*2
110*s 112
Hoboken, N. J.—5s, lo n g ................... 111 113
Savannah funded 5s. con sols..
101*3 102
105 107
6s, lo n g ........... .................................. 116 117
Somerville, Mass.—5s, 18 95..
7s, lo n g ...... ........................................ 123 125
109 112
5s, 1905...................................1
Houston, T ex.—10s.............................. 45
Springfield, Mass.—6s, 1 9 0 5 ..A&O) 122 124
6s, funded.............. ................... ........ 45
7s, 1903, water loa n ..............A&Ot 130 135
Indianapolis,Ind.—7-30s,’93-9, J&JI
Toledo, 0 .-7 -3 0 8 , R R ., 1900.M & N 1 115 117
Jersey City—6s, water, long, 18 95.. 104 106
8s, 1893-94................... ; ..........Var. 115 118
7s, water, 1899-1902................ J&J 118 123
Washington, D.C.—SeeDist. o f Col.
7s, im provem ent, 1891-’ 9 4 .. . . Var. 106
Worcester, Mass.—6s, 1892. ..A&Ot 107 109
112 114
7s, Bergen, lon g ....................... ..J&J 116 118
Hudson County 5s, 1905........ M&8 i l 4
102*j 1G4
Hudson County, 6s, 1905....... J&J 126
R A IL R O A D BONDS.
Hudson County 7s, 1891....... J&D 112
Bayonne City, 7s, lo n g .............J&J 112
(B on d s o f com p a n ies con so lid ’ ted vnl
Lawrence, Mass.—6s, 1 8 9 4 ...A & Of t i l
111*2 be f o u n d u n d e r the con sol'd n a m e.)
6s, 1900............................
A&O 119 121
Ala. Gt. Southern—1st m ort., 19081 113 116
Long Island City, N.Y—W ater,7s___ 105
Debenture scrip, 6s, gold, 1 9 0 6 .. j 108 110
Louisville, K y.—7s, lon g dates. Var.i 121 123
55
60
Ala. N. O. T. &o. 1st deb. 6 s ....
7s, short dates................
Var.) 103 111
45
50
2d debent. 6s, 1907.................
6s, lo n g ...................................... Var.i 109 111
Alb’y & Susq.—1st M., 7s, ’ 8 8 ... J&J 101
6s, sh ort.....................................Var.) 101 103
Consol, m ort., 7s, 1906,guar .A&O 125 135
58,1890-1900............
M&N 104 105
Consol, m ort., 6s, 1906, guar.A&O 120 121
L ow ell, Mass.—6 s,1890, W. L.M&N) 103*2 104*2 Allegh. V a l—Gen. M .,7 3 -1 0 s .. J&J 114
Lynchburg, Va.—6s................. J & J
111
East, extern M., 7s, 1910---- A&O 110
8s............................................... J & J 126
25
Incom e, 7s, end., 1894.........A&O 21
Lynn, Mass.—W ater loan,6s, '94J&J 110*2 112
Atoh. Top. &8. Fe—1st,7s, ’ 99 J&Ji 119% 120
Water loan, 6s, ’9 6 ...........
J&J 113 115
Land grant, 7s, g., 1902 ....A & O ! 116% 117
102% 103%
5s, 1905.....................................M&Nt 111*2 113
M acon, Ga.—6s................................ . 110 112
Guaranteed 7s, 1909 .J&J&A&Oi 115 117
Manchester, N.H.- -6 s, 1 8 9 4 .... J&J) 108 110
5s, 1909 (1st m ort.)...............A&O! 95
97
6s, 1902.......................
..J & J 119 121
5s, plain bonds, 1920............M&S! 88*4 88%
4s, 1 9 1 1 .............................................. 100*2 101*a
4*as, 1920................................ A&O! 97% 98
Memphis,Ten.—Tax.Dist. Shelby Co I 93 100
F loren ce* E i D or’d o ,lst,7 s. A&O! L08 111
Milwaukee, W is —5s, 1 8 9 1 ...J & D 100
K.C .Topeka& W .,lst M., 7s,g. J&J I 123% 124
¿13 113*9
7s, 18 96-1901........................... Var.i 107
do
Income 7s.
7s, water, 1 9 02......................... J&Jt 108
N.Mex.&So.Pae.,1st,78,1909A&O! 113*4 119%
U N IT E D S T A T E S BO N D S
4**s, 1891.......................... r b g ..Q —M x03% 108*3
4*iS. 1891....................... c o u p .. Or -M U>778 108«%
126%) 127
•4s, 1907............................. r e g ... ■
4s, 1907......................... c o u p .. .Q—J 1265s 126%
120
6s, Currency, 1895___ ..r e g — J&J
6s, Currency, 1 8 96......... re g — J&J 122
6s, Currency, 18 97......... re g — J&J 124
6s, Currency, 18 98......... re g — J&J 126
6s, Currency, 1 8 99......... re g — J&J 128
S T A T E S E C U R IT IE S .
A labam a—Class “ A ,” 3 to 5 ,1 9 0 6 ... 06
Class “ B ,” 5s, 1 9 06.......................... 110
Class “ C,” 4s, 1 9 0 6 ........................ 100
6s, 10-20, 1900.......................J & J 103*2 104
18
A rkansas—6s, funded, 1899 ..J & J
7s, L. R .& F t. S.issue, 1 9 0 0 .A & O 20
20
7s, M emphis & L. R ., 1 8 9 9 ..A & O
78 ,L. R .P .B . & N .O ., 1 9 0 0 ..A & O 18
7s, Miss. O. & R . R iv., 1 9 0 0 .. A & O 18
15
7s, Ark. Central R R ., 1 9 0 0 .A & O
7s, L evee o f 1 8 7 1 ,1 9 0 0 ....... J & J
G ilifo m ia —6s, funded d e b t o fl8 7 3 ’'
Connection—New,rg.,S *«8,1904J&J* 101 104
New, reg. or coup., 3s, 1 9 1 0 ....... * 100
D akota Ter. 5s. 10-21)8 o f 1 8 8 7 ___ 105*2 106
4*ss, 1O-20s o f 1387........................ I01*a 102
Dlst. Col.—Oona.3-S5s,1924, op.F&A 1185s 1195g
Cons. 3-65s, 1924, r e g . . . ................ 1185s 119V
Funding 5s, 1899..................... J&Ji 110
Perm . im p. 6s, guar., 18 91...J&J1 106 107
Perm . im p. 7s, 1891,
J&Ji 109 111
Wash.—Fund.loan(Cong.)6s,g.,’921 I06*s
Fund. loan(L eg.)6s,g., 1902 Varl 123
Market stock, 7s, 18 92................... 110 112
W ater stock, 7s, 1901..................... 126
do
7s, 1903...................... 127
Florida—Consol, gold 6s........J & Jt 108 112
«Georgia—7s, gold bonds, 1890. Q—J 105*2 106
4*ss, 1 9 1 5 ................................... J&J ¡104*2 105*2
Kansas—7s, lon g........................... J&J
Louisiana—New con. 7s, 19 1 4 ..J&J 100
Stamped 4 per cen t.......................... 9 2 V 93
B aby bonds, 3s, 1 8 8 6 .............F&A 53
54*2
Maine—3s, 1890-1929................A&O 100
W ar debts assumed, 6 s ,’ 89.A & 01 103*2 104
M ary la n d -68 , H ospital, ’87-91 J&J 98
6s, 1890......................................Q—J 93
3-65s, 1897................................. J&J
107
Massachusetts—5s, gold, 1891. A&O 105 106
5s, gold, 18 94............................J&JI 109 111
5s, gold, 1897............................ M&S 112 114
M ichigan—7s, 1 8 90....................M&N 106
M innesota—Adi. 4*28,1912,10-30.. 102
Missouri—6s, 1888................... J & J 100*2
Funding bonds, 1 8 94-9 5___ J & J 108
107
New Hampshire—5s, 1 8 92___
103*« 105
W ar loan, 6s, 1892-1894....... J& Ji 109 111
123 127
120 130
N ew Jersey—6s, 1 8 97-1 902 ...
6s. exem pt, 1896.....................J&J* 118 125
112
111
112
112*3
36
40
No.Carolina—6s, old, 18 866s N. C. RR., 1883-5____
170
140
6s
do
7 coupons off
10
20
7
12
95
95*«
118 122
112
119
R hode Isl’d—6s, 1893-4, c o u p ..J & J 112*3
4
S *uth Carolina—6s, Non-fund.,1888
5*4
Brown consols................................. 106*3
62
Tennessee—6s, unfunded................. .
72
69
101
Settlement, 6s, 1913..............
90
97
Settlement, 5s, 1913..............
Settlement, 3s, 1913.............
70*3 71
T e x a s—6s, 1892.........................M&S1 103 111
7s, gold, 1892-1910................ M&Sf 115
7s, gold, 1904............................ J&Jt 125
V erm ont—6s, 1890...................J & D
V irginia—6s, old, 1886-’9 5
J & J 48
6s, new bonds, 18 86-1 895 ... J & J 48
41
6s, consols, 1905. ex-eoup........J&J 40
6s, consol., 2d series..................J&J 60
9?s
6s, deferred bon as..................
9*3
Tax-receivable ooups., from cons’ Is 32*3 33*ê
Do
from 10-40s. 26*3 27*3
N e w 3 s (Riddleberger). 1932. J & J 65
65*3
10-40s, cp. & reg., 3 to 5,1919.J&J 36% 37
C IT S S E C U R IT IE S .
A lban y , N. Y .—6s, lo n g ....V a rio u s! 115
7s lo n g ................................................t 138
A llegh en y,P a.—5a,ep., ’ 87 -9 7 .. Var. 100 106
4*28, coup., 1885-1901.............Var. 100 105
4s, coup., 1901................. ...V a r . 105
A llegheny Co., 5s, cp., 1913.J&J§ 100 101
4s, n o t loan, 5-10s......... ................. 100 101
4s, riot loan, 1 0 -2 0 s........................ 100 101
5s,
do
1 0 -2 0 s........................ 100 101
4s, refunded. 5-20s, 1891-1906___ 101 102
Atlanta, Ga.—7s................................... 110
D o. 8s.................................... ............ 108
W aterw orks.............. ........................ 114
A ugusta, Me.—6s, 1905, Fund.. J&J) 118 120
Augusta, Ga—7s......... ...........Various 106
Austin, T exas—10s.............................. 115 120
Baltim ore—6s, consol., 1 8 9 0 ..Q^-J 104% 105
6s, Balt. & O. loan, 1890....... Q—J 103% 104*4
106
6s, Park. 18 90.........................Q—M
114
6s, bounty, 1 8 9 3 .................... M & 8
* P rice nom inal; n o late transactions, t Purchaser also pays accrued Interest,
ni’
t In L ondon. § P art being redeem ed, i Coupons on since *69,
THE
164
G E N ER A L
QUOTATIONS
OF
CHEONICLE.
STOCKS A N D
fVOL. X L \ I .
BONDS —
C o n t in u e d .
F o r E x p la n a t io n s See N o te s a t H e a d o f F ir s t P a g e o f Q u o t a t io n s .
R ailroad B onds.
Bid.
Ask.
A tch. Top. & S. Fe—(Continued)
117%
P ueblo & A rk.V ., 1st, 7s, g.,1903 t l l 7
Sonora, 1st, 7s, 1910, g u a r.. J&J 103% 104
116
W iohita&S.W .,íst,7e,g.,gua..l90S t l l 4
A tlanta & Charlotte A ir £ .—1st,7s 120 121
Incom e, 6s..............................
102 104
83
83%
26% 27%
95
Central Division, old 6s...............
90
25
do
incom es, 1922
40
30
do
acc. Id. gr. 6s. 190]
100%
108
E ast Side 5s, 1925.
(109
113
Î1 H
(118 120
do
(122 124
118 121
125
123 125%
1st, tunnel, 6s, g., ¡
77*2 82
110
1161«
B elvidere Del.—lst,6s,o.,1902.J& I
100 103
U 10 110%
tllO % 111
tio o % 100%
tl0 7 % 109
tl0 2 % 104
100
B oston & L ow ellt 1 0 3 % 109
t ill
t l0 7 110
95%
95
100 102
113
t ll2
7s, 1894..................................... J&J 114 114%
B ost. & P rovidence—7s, 1893. J&J T ll2 % 113%
Bost.& R evere B ’h—ls t,6 s,’97.J& J 1112 115
B radford Bord. & K.—lst,6 s,
65
25
B radf.Eld.& C u b ar-lst.6s,193-„
B rooklyn Ele.—Ist, 6s, 19 23.. A&O 105 106
80ia 81%
99 102
Bufi. Brad.& P .—Gen.M.7s,’96. J&J
Buft.N.Y.&Erie—1st, 7s, 1916. J&D 136 139
Buttalo N. Y . & Filila.—
1st, 6s, g., 1 9 2 1 ......................J&J
50
43
P itts. T itusv.& B .—7s, 18 96.F&A
Oil Creek, 1st M., 6s, 1 9 1 2 ..A&O
24
Union & Titusv., 1st, 7s,’9 0 ... J&J
W arren & F r’kln, 1st,7s,’9 6 .F&A 110
90
Buft.& Southwest.—6s, 1 9 0 8 .. J.&J
Bur. C. R .& N .—lst,5s,new ,'06. J&D 106 107
94
90
Cons. 1st & col. tr., 5s,1 9 3 4 ..A&O
Minn. & St. L., 1st. 7s, guar. J&D
Iow a C. & W., 1st, 7s, 1 9 09.M&S
C. R a p .I.F .* N.,1st,68,1920.A&O 105
97%
do
1st, 5s, 1921___ A&O
Oalllor. Pao.—1st M., 4%s, g .. . j &j 100
2d M.. 6s, g., end C. P ac., ’ 91. J&J 100
103
do
do
50
112% 112%
87% 87%
Camden & Atl.109
Canada So.—1st M., guar.,1908, J&J 106% 107
94%
2d m ort., 5s, 1 9 1 3 ................. M&S
94
95%
95
Cape Fear & Y a d.V a l.,lst,6s,1 916 ..
Carolina Cent.—1st,6s,g.,1920. J&J 102 108
25
2d, inc., 6s, 19 15....................A&O
15
3d, inc., 6s, 1910.............................
15
10
Catawissa—M ort., 7s, 1 9 0 0 ....F&A 123
85
78
Cedar F. & Min.—1st, 7s, 1907. J&J
107
Cedar R . & M o.—1st, 7s, '9 1 . . .F&A tl0 5
1st m ort., 7s, 1916................ M&N 131 131%
117
2d m ort., 7s, 1909, quar....... J&D (114
Cent. Br. U. P ac., le ts, 6 s ,’ 95. M&N 104%
Fund, coupon 7s, 1 8 9 5 ....... MAN 105
Atoh.& P ike’s P 'k, 1st. 6s, g. M&N 103
A tch.C ol.& Pac.,lst,6s,1905Q .—F 104 105
Atch.J.Co.& W .,lst,6s,1905.Q,—F 103 105
Cent, o f Ga.—1st, cons., 7s, ’ 93.J&J 109 110
Collat’l trust 5s, 1937..........M&N 101 102
83
Cent. Iow a —New 1st., 7s , ’99. J&J II 80
12
20
In c. bonds,“ debt certs.” , 7s,A&O
64 . . . . . .
Eastern Div., 1st, 6s, 19 1 2 ..A&O
His. D iv., 1st, 6s, 1912.........A&O
55
Cons., gold, 6s, 1924.............. J&D
45
Central R R . o f N. J.—
1st, 7s, 1890.............................F&A 104% 105%
Gen. m ort., 5s, 1987............... J&J 101% 101%
7s, oonv., 1 9 0 2 .................... M&N 120 121
Consol. M., 7s, 1899...............Q—J 117 117%
Conv. deben. 6s, 1908.........M&N
99 104
Alh. Dk.& Im p. Co., 5s,1921. J&J 103
....
Leh.& W ilkesb.Coal,ino.,’88,M&N _
Consol., 7 s, gold,1900, ass’d.Q-M 114% 115
Cent. Ohio—1st M.. 6s, 1 8 9 0 ..M&8 104%
Cent. P ac.—1st, 6s,gold , 1895 .J&J 112%
1st, 6s, gold, 1896................... J&J 112%
1st, 6s, gold, 1897....................J&J 112%
1st, 6s, gold, 1898....................J&J 112%
S .Joaquin, lstM .,6 s, g.l900.A & O 115% 116%
Cal. & Oregon, series B, 6s, 1892 103 104
107
Cal.& Or. C .P .bonds,6s,g.,’92 J&J (105
104
L and grant M., 6s, g., 1 8 9 0 .A&O 103
M ortgage bonds, 6s, 1 9 3 6 ...A&O 103
W est. P acif., 1st, 6s, g., ’ 9 9 ..J&J 110% 111
Charl’te C ol.& A —Cons.,7s,’95. J&J 11138
2d m ort., 7s, 1 9 1 0 ................. A&O 113% 115
Cheraw & D arl.—ls tM .,8 s ,’88.A & 0 100 103
2d m ort., 7 s...................................... 100
Ches. & Ohio—Pur. m oney fd.,1898 106 111%
Series A , 1908.........................A&O 100
6s, gold, series B .....................M&N II 7 1 5s
E xtended 4s, 1986................ M&N 70% 71%
27
27%
6s, currency, int. def., 1918. .J&J
97%
6 s ,1 9 1 1 ...............
A&O.
112
nhes.O .& S.W.—M. 5-6s, 1 9 11.F& A 108%
72% 72%
m 2d m ort., 6s, 1911........... ....F & A
* P rice nominal; n o late transactions.
R a il r o a d B onds .
Bid. Ask.
R ailroad B onds.
Bid.
Ask.
tl0 8 % 109% Cin. L St. L. & Chic.—Con. 6s, 1920 tl07%
1st gold 4s, 1936.................... Q—J
92 95%
112 113
92% 95
Cin.Jack. & M a c.-lst,5 s,1933. J&D
1122 125
Cin. Laf.& Ch.—lst,7s,g.,1901.M & S tll7
... Cin. Leb. & Nor.—1st m. 5 s ....J & J
126%
105
107
C in.R ich. &Chic.—1st, 7s, ’ 9 5 .J&J t!08 112
118
Cin. R ich. & F. W.—1st, 7s, g .. .J&D till
115
118
Cin. Sand’k y & Cl.—6s, 1 9 0 0 ..F&A tioo 100%
115
Consol, m ort., 7s, 1 8 9 0 .........J&D tioo 100%
116 117% Cin.&Sp.—7s, C.C.C.& I ., 1901. A&O 115 118%
114
7s, guar., L.S.& M.8., 1 9 0 1 ..A&O
1 )4
99 99%
Cin.WaBh.&B.—lst,gu,4% s-6sM &N
80
Chic & "Atlantic—1st. 6S.1920.M&N
74% 75%
2d m ort., 5s, 1931....................J&J
30
50
~ 2d. 6s, 1 9 2 3 .... .....................F&A
42% 43
3d mort., gold, 3s-4s, 1 9 3 1 ..F&A
20
Chic’. Burl. & Quincy—
Incom e 5s, 1 9 3 1 ..........................
Cons.. 7s, 1 9 0 3 ........................J&J 130% 131%
Scioto & H ock. Y , 1st, 7S....M&Ñ 100 101%
101
Bonds, 5s, 1895...................... J&D t i o o
Balt. Short L., 1st, 7s, 1 9 0 0 ..J&J
5s. 1901....................................A&O i 105 106
Clearf. & Jeff.—1st, 6s, 19 27.. .J&J 106%
105
Clev. Akron & Col.—lst,6s,1926J& J §102%
t l0 8
11Ó
Gen. M., g., 5s, 1 9 2 7 .............M&8 $ 97
98% Cieve. & C anton—1st, 5s, 1 9 1 7 ___ f 94
94%
90
Clev. Col. C. & I.—
1 89% 89%
1st mort. 7s, 1899................ M&N 121
92% 93%
Ne)> F-Tt , An, 1 9 2 7 .............. M&N
Consol, m ort., 7s, 1 9 1 4 .........J&D 126
Cons. S. F., 7s, 1914................ J&J
Bur. & Mo. R ., I’ d M., 7s,’93.A & 0 t l l l % 112
Gen. con. 6s, 1934...................J&J 107 108%
do
Conv. 8s,’ 94 ser.J&J t .........
ii¿ %
Bur.& Mo.(Neb.), 1st,6s,1918. J&J t l l 6
B elief. & Ind. M., 7s, 1 8 9 9 ...J&J
tl0
5
%
106
do Cons, 6s, non -ex..J& J
Clev. & Pitts.—4th M., 6s, 1892.J&J 106%
90
do 4s. (Neb.), 1 9 1 0 ... J&J t 89
Consol. 8. F ., 7s, 1900......... M&N 126 128
113
do N eb.R R ,lst,7 s,’96 A&C t l l l
Clev.&M . Val.—1st, 7 s .g., ’9 3 .F&A
119
do Om.& S.W .,lst,8s,J&D t l l 7
Colorado Mid.—1st, 6s, 1 9 3 6 ..J&D
Til. Grand Tr., 1st, 8s, ’ 9 0 ...A&O 105% 106
Columbia & Gr.—1st, 6s, 1916. J&J 101 102
76% 77
D ixon P eo.& H ., 1st, 8s,1889. J&J 103 104
2d m ort., 6a. 1926.................. A&O
Ott. Osw. & F o x R ., 8s, 1900. J&J t l2 5 127
Col. & Cin. Mid.—1st, 6s, 1914. J&J
95
Q.uinov& W ars’w, 1st, 8s, ’ 90.J&J t l0 5 % 106% Columbus H ocking V alley & T .—
123
72% 72%
Con. 5s, 19 31........
M&S
Atoh’n & Neb.—1st, 7s,1907 M&S t l2 1
102%
(Thin Rnrl.'A Nor.—5sr 1926___
Gen. 6s gold, 1904..................J&D t 70% 73
Debent. 6s, 1896.....................J&D 100% 100%
Col. & Hock.V.—lstM .,7s,’ 97. A&O tl09
35
40
Chic. & Can. S o —1st, 7s, 1902 A&C
do
2d M., 7s, 1892. J&J 103
tT
93% 93%
Chic. Kan. & West’n.—1st, 5s, 1926
Col. & Toledo—1st m ort, bonds . tH4 ..T
49% 50
do
2d m ort..................... tioo
116%
Ohio& W .V a.,lst,s.f.,7s,l910M & N 108 111
Col. Springf .& C.—1st, 7s,1901.M&S 107 110
1 st.con., 6s, gold, 1934 . . . . A&O 116% 117
Col. & Rom e.—1st, 6s, gu.Cent. Ga, 105 106
94% 95
Gen. con., list, 5s, 1937....... M&N
Col.& West.—1st, 6s, guar Cent. Ga, tl08 110
t ---- 108
Chic. & Gr. Trunk—1st m ort., 1900 100 .........
97% 98
Ch.& Ind.Coal R ’y .ls t 5s, 1936 J&J
t i l l 112
Chic. & M ich. L. 8 .1 s t 8s, 1889___
Massawippi, g., 6s, gold, ’ 89 J&J 100 100%
20
38
Jonn. W est.—1st M., 7s, 1900. J&J
p dn f!. D iv., 1st, 8s, 1898. F&A 125% 127
122
87% 87%
P. D ., 2d M., 7 3-10s, 1 8 9 8 ..F&A 116% 119%
124%,
3or. Cow. & A nt.— Deb.6s, ’98M&N
T.n. n , IfltM 7S.1893____ -T&.I 114 116
tomb. & Penn.—1st 6s, ’ 9 1 __ M&S 101 103
I. & M., 1st M., 7s, 1897......... J&J 116% 120
Jumberl.Val.—1st M .,8s,1904. A&O t.......
)ayton& M ich.—Consol. 5s
J&J fl04 105
I ’a. & D ak., 1st M., 7s, 1899. J&J 118
123%, 125
3d m ort., 7s, 1888, n ow 2 d .A&O 1100 102%
do
5s, 1910
.T&.T 101
)a yt.& West.—1st M.,6s, 1905.J&J tu o
ChlC &M11., 1st M .,7s, 1903..T&.T 126
1st m ort., 7s, 1 9 0 5 ..................J&J 120 122%
116
1st m ort., consol., 7s, 1 9 0 5 ..J&J 125 125%
131%
1st M., T. & D. E xt., 7s, 1908.T&.T 123%
el.Laok.& W .- -Conv.7s.1892 J&D 111 112
113
1 st M :, 5s, Da C. & D av 1919.T&J 102
M ort. 7s, 19 07.......................M&S 135 140
112%
Den. & R . G. lst7s,gold,190t>.M &N 118%
79% 79%
1st con. 4s, 1936..............................
Chic. & Pao. D iv. 6s, 1910 ...J & J 118%
72
73
do West. D iv., 5s,1921. J&J 104 104%
66
fihic & Mo. Riv. 58, 1926
-T&.T 98
do
67
assented.
101
77
81
86% 88
100
50
1st mort., guar., 2%s, 1905 ..J & J
Wis. & Minn. D iv., 5s, 1 9 2 1 ... J&J 101% 102%
87
88
1st m ort., guar. 4s, on extension.
100
Dubuque Div., 1st, 6s, 1920. J&J 116 i i é %
(105 106
Wis. Val. D iv., 1st, 6s, 1 9 2 0 .J&J 106% 106%
(115 119
120%
[ F arg o& S ou th .-6 s,a ss.1 9 2 4 . J&J
Con. M.. 5% t ill’ 84, after 6*.. 1918 (115 118
Inc. oonv. sin. fund 5s, 1916. J&.T 91
118% 119
>et.
D.
&
North.—1st,
7s,
1907.
J&J
95
Dak. & Gt. So. 5s, 1916.........J&J
92%
40
41%
Chicago & Northwestern—
Consol., 7s, 1915.................... Q—F 139% 141%
)ub.&S. City—1st,2d D iv.,’ 94 . J&J 111%
Consol., gold, 7s, cp., 1 9 0 2 ..J&D 131% 132
121% )unk. A. V.& P.—lst,7s,g ..l9 00J & D 110
iast Penn.—1st M .,7s, 1 8 8 8 ..M&S 100
109 110
m
t
do
debent., 5s,1933.M&N 108% 109% 3.Tenn.Va.& G a —1st, 7s,1900 J&J 118% _n
Divisional, 5s, 1930...............J&J 105 110
Ala. Cent., 1st, 6s, 1918........ J&J
25-yrs. deb. 5s, 1909............ M&N 104 105%
99% 99%
Escan.&L.Sup., 1st, 6s, 1901.J&J 113 ......... 3. Tenn. V. & G a.R ’y .—1st,5s,1956.
Des M .& M ian’s,1st,7s,1907.F&A 123 ......... last. & W. R y., A la.—1st, 6s, 1926
120 120%
Iow a Mid., 1st M., 8s, 1900. A&O 130 .........
102% 102%
Peninsula, 1st, con v .,7 s,’ 98.M&S 120 .........
119
Chic. & Mil., 1st M., 7s, ’9 8 ..J&J 118 .........
5s, perpetual.......... ............. A&Ó 102
MU. & M ad., 1st, 6s, 1 9 0 5 ..M.&S. 113
1130 ......... 3rie & P ittsb.—2d, now 1st— J&J 102
Cons, m ort,, 7s, 1 8 9 8 ............ J&J 110
fl3v)
Equipm ent, 7s, 1 9 0 0 .......... A&O 100
Northwest.Un., lst,7s, i9 1 7 M&S t l3 0
100% ió i%
W inona&St.Pet—2d7s,1907M&N 130 131% r]
Ott. C. F. & St. P., 5s, 1 9 0 9 ..M&S 105% .........
1st, con., 1 9 2 6 ........................ J&J 104
North. Ills., 1st, 5s, 1910___M&S
!vans.& T .H .,lst con.,6s,1921, J&J 117
Chic.R.I.& Pac.—6s,1917,coup. J <&J 132% 133
Mt. Vernon—1st, 6s...............A&O 109
Exten. & col. 5s, 1934............J&J
107%
....... ". 3vansv.T.H.&Chi.—1st, 6s, g.M&N tioo
Chic.& 8.W ..lst,7s,guar.,’99.M«&N
'itchburg—5s, 1899...............A & O tl03 103%
Chic. & St.Louis—1st 6s, 1915,M&S 116% 120
5s, 1900-01-02......................... A&O tl04 106
103
Chic. Santa F e & Cal.—1st, 5 s ......... í 103
6s, 1 8 97...................................A & O tl09% 110%
99% 100
Chic.St. L. & P .—1st, 5s, 1 9 32.A&O
7s, 18 94.........................
A&O 113 115
104
118 120
.........
Col.& Ind. C., 1st M., 7s, i ’9 04. J&J t l2 0
117
do
•2d M .7s,l904.M &N 1115 ......
t 81% 81%
.........
t ll4
tll8
119
iioo
Cin. & Chic. A. L .,1 8 8 6 -’ 90.
do
Uns tam ped.. 116% 116%
do
99
Chi. St.P.& K .C .-lst, g, 5s,1936J&J í 97
Chic.St.P.Min.&Om.—Con. 6s, 1930 120%
...
1st,6s, g. 1910........................F&A 106
Ch.St.P.& Minn. lst,6s(1918M&N 126
2d m ort., 7s, 1 9 0 5 ...............J&D 100
N orth Wise., 1st 6s, 1930___ J&J 124% 127
92
West.
Div. 1st, 5s, 1931-----M&N
St. Paul&S.City, 1st 6s, 1919.A&O 125 127
do
2d, 6s, 1 9 31— J&J
Chic. & Tomah.—6s........................... (1 1 6 120
65
75
......
Chic.& W .Ind.—S.fd. 6s, 1919 M&N 112
G eneralm ort., 6s, 1 9 3 2 ___ Q—M 115% ......
109
108
6s,
1910.......
.............................J&J
Chic. & W. Mich. 5s, 1921. ...J & D
96% 98
109 110
Cin. Ham. & D ayt.—Consol.5s A&O tl0 3 % 105
51
2d m ort................. ........................... + 48
122%
Consol, m ort., 7s, 1905.........A&O t l l 9
Consol, m ort.,6sj 1905.........A&O t l l l
112% Ir.Rap. & I n d —1 s t ,l.g., g ’d, 7s, g. ,117 120%
(
115
1st M.,7s, l.g., gold,not guar. A&O
107
Cin. H. & I., 1st Iff., 7s, 1903.J&J tl0 5
.......
E x land grant, 1st 7s, '9 9 .............. Loo
.... .
Cin. & Indianap., 1st., 7s, ’92..J&D t l l l
100
Consol. 5s, 1 9 2 i .....................M&S
2d M ..7s, 1887-92.................. J&J t l0 9
97
Indianapolis C. &L., 7s o f ’9 7 .. .. tH 6 % ......... Ir.B’yW.&St.P.—lst,6s,1911.F.& A
2d, incom es, 1 9 1 1 .......................... ...... 32
Ind’apoUs& Cin., 1st,7s,’ 88.A&O t l0 1 %
Cheshire—6s, 1896-98 .............. J&J
Chicago & A lton—
1st M., 7s, 1 8 93....................... J&J
Sterling m ort., 6s, g., 1 9 0 3 ..J&J
Bds. Kan. C. line,6s,g.,1903.M&N
Mis» Riv-Bridge, lst..8 .f..68.1912
Ismln’a & M o .S .,ls t, 7s,1900F&A
do
2d, 7s, 1900 M&N
St D Jacks’v.& 0., lst.7 s.’ 94.A & 0
do 1st guar. (564) ,7s,’94A & 0
d o 2 d M . (360), 7 s , ’ 9 8 .. J&J
1 Purchaser also pays accrued interest,
(In L on d on ,
UCoupon off«
§ In Amsterdam.
165
THE CHRONICLE.
F e b r u a r y 4, 1888. J
U -E S E R & Ii
Q U O T A T I O N 'S
OF
STOCKS A N D
B O N D S — C o n t in u e d .
F o r E x p la n a t io n s See N otes a t H e a d o f F ir s t P a g e o f Q u o ta tio n s .
R ailroad B onds.
Bid.
Ask.
Gulf Col. & S. Fe—1st, 7s,1909 J&J 120 121
97 °s
2d, 6s, gold, 1923....................A&O
Han. & St. J o . - Con. 6s, 1911. -M&S 120%
R ailroad B onds.
>7
,J
J
J
JT
Bid.
Ask.
95
120
120
316
99
125
R ailroad B onds.
Bid. Ask.
N.Y.A.N.Eng.—1st M., 7s, 1905J&J
1st M., 6s, 1 9 0 5 .................... J&J
2d m .,6s, 1902......................... F&A
2d 6s (scaled to 3s)................ F&A
N. Y. N. H. & H .ls t r. 4s,1903. J&D
N. Y.Ont.& W .^-lst, g., 6s, 1914 M&S
N.Y.Pa.& O.—1st, ine.,aco.7s,1905
do
prior lien,ino.ao.,5-6s,’95
2d m o rt.in o ......................................
3d m ort. in o......................................
Leased L. rental trust, per deb. 4s
West. ext. certifs, 8s, 1 8 7 6 ..J&J
do
do
7s, guar. E rie
N.Y. Phil. & Nor.—1st, 1923 ..J & J
Incom e, 6s, 1933....................A&O
N.Y.Susq. & W .—Deb. 6s, ’ 97.F&A
1st refund., 5s, 19 37.............. J&J
2d m ort., 4%s, 1 9 3 7 .............. F&A
M idl’d o f N. J.—1st,6s, 1910.A&O
N. Y . Wood.& Rock., 2d inc. 1912..
Norf’k &W.—Gen’l M .,6s,1931 M&N
New R iver 1st 6s, 19 32........A&O
Im pr. & E xten., 6s. 1 9 3 4 ....F & A
Adjustm ent 7s, 1924......... Q.—M.
Conv. deb., 6s, 18 94.............. J&J
N orf’ k& P etersb., 2d, 8s, ’ 93.J& J
So. Side, Va., ext. 5-6-8s,’ 88-1900
do
2d M., ext.5-6s,’ 88-1900
do
3d M.. 6s, ’ 96-1900.J&J
Va.& Tenn., 4th M .,8s, 1900. J&J
do
extended 5s,1900. J&J
forth Carolinar-M ., 8s, 1888.M&N
forth Penn.—1st,7s, 1 8 9 6 ....M&N
Gen. m ort., 7s, 1 9 0 3 .............. J&J
New loan, 6s, reg., 1 9 05....... M&S
fortheast.,S.C.—1st M .,8s,’ 99,M&S
2d m ort., 8s, 1 8 99..................M&S
forthern, Cal.—1st, 6s, 1 9 0 7 ..J&J
Northern Cent.—4% per cen t..J& J
3d m ort., 6s, 1 9 0 0 ...................A&O
C on.m ort.,6s, g .,cou p ., 1900.J&J
M ort. bds., 5s, 1926, series A J&J
do
series B . . . ...............
Con. m ort, stg. 6s, g., 1 9 0 4 ...J&J
124% 125
112 1121*
101% 1 0 2 92% 94r1
105%'
112% 1 1 3 "
Î37% 39%.
tl0 9
111
t 7%
8%
4
Í 3
1 88
90
{ 50
55
f 50
55
99% 10O
30
Harris. P. Mt. J. & L.—1st, 4 s . . 1913 105 110
99
1 2 0 ..........
H art. & Conn. West.—5s.........1903
J 102
65
104
H o’st.E.&W. T ex.—ls t ,7 s ,’98.M&N
J 113 113%
2d, 6s, 1913............................... J&J
N 1041« 106
H.& Tex.Cen—1st m .,7s,gu ar.l891 114 114%
J
721« 74
West. D iv., 1st, 7s, g., 1 8 9 1 ..J&J 112 112 %
J
661, 66%
W aco & N. W ., 1st, 7s, g .,1903. J&J 114
70
99 106
70%
B ond scrip .......
Cons, m ort., 8s, 1912.............A&O
* 183 19%
70
Incom es, 1911.
Gen. m ort. 6s, 1921, Tr. reo. A&O
q 100% 101
H unt. & Br. Top—1st, 7s, ’ 9 0 ..A&O 106
J
98% 99
2d m ort., 7s, g., 1895............ F&A 113
43
Cons. 3d M. 5s, 1 8 9 5 ............ A&O 102is
0
9515
115
95%
N ew 1st m ort. 6s.
Illinois Cent.—1st Chi.&Spr.’98 J&J
m 128 ij
105
92% 94% .
Mich. Cent.—Consol.
1st, gold, 4s, 1951....................J&J
94%
93
N 108
73
Gold, 3*28,1951....................... J&J
J 104% 104%
113 114.
M iddle D iv. reg. 5s, 1 9 2 1 ... F&A 112
N 103 104
Sterling, S. F., 5s, g., 1 9 0 3 ..A&O 1108
115
117 118
Sterling, gen. M.,6s, g., 1895. A&O t i l l
108
1106
113%
s i "1"0
Bterling, 5s. 1905.................. .J& D
N 102 103
102 1 0 3 %
Chic.St.&N.O.—1st con. 7s, 1897. 1171« 120
107
2d, 6s, 1 9 07.......................... J&D 120
107%
90
8 i'0 ?
do
Ten. lien, 7s, 18 97..............M&N. 115 120
107
112 115
do
5s, 1951, g o ld ....................... J&D 117is
8 W f
102
% 105%
Ind. Bl. & W.—1st, p f., 7s, 1900J&J 112%
.) ......... .........
86 %
102 104
1st m ort., 5 -6 ,1 9 0 9 ,Tr. rec.A&O
N *9*8 101
68
♦105 108
2d m ort., 5 -6 ,1 9 0 9 , Tr. reo.A& O
'
76
18
80
122 1 2 3 %
Incom e, 1921. Tr. r e c .....................
88
90
103 106
East.D iv., 6s,1921,Tr. re o ...J & D
Mil. Lake Shore & W esternV 119% 120
100
In d .D eo. &Sp.—1st, 7s, 1 9 06.A&O 1104 106
^ 88% 89
120 121
2d m ort., 5s, 1911....................J&J
35
J - - ---- 115%
2d, incom e, 1906,Tr Co. cert. J&J
128
116
3
.........
New 1st m ort. 6s, fu n d e d ............
104
128
Ind ’polis & St.L.—1st,7s, 1919.Var. 1112
ls t , incom es.
99
126
In d ’apolis& Yin.—1st, 7s,1908.F&A 115 120
5 109
114 114%.
2d m ort.. 6s, g., guar.,1900.M &N 103%
0
107%
105
103
Int. & Gt.North.—lst,6s,1919.M & N
72
70
122
119
Coup. 6s, 1909.........................M&S
0 90 100
118%,
Ion la & L a n sin g —1st 8 s ,’ 89. ..J& J ♦103% 105
100
109%l
Iow a C ity * W e st—lst,7s,1909M&S
J .........
108 l l l I 'a Falls & S.O.—1 st,7s,1917. A&O ♦129% 131
108 l l S
Jefferson—1st m ort., 7s, 1889. J&J 100
Jeff. M ad.& Ind.—1st, 7s,1906. A&O ♦114 115
J ......... 65
T ......... 99
i 2d m ort., 7s, 1910....................J&J i l l 5 119
93
6 102
Junction (Phil.)—1st,4 % s.l9 0 7 J&J
Mo. D iv. 6s, 1 9 1 9 ..................M&N
Kanawha & O.—1st 6s, 1936.. J.&J
Minn. & N. W.—1st, 5s, 1 9 3 4 ..,
Gen’l 1. g., 1st, 6s, 1921......... J&J 116% 116%
96% 97
Kan. C. Clint’n & Springfield—1s,5s
105%
Miss.&Tenn.—1st M., 8s,series ‘ \ 1*15
Gen. land g r.,2d , 6s, 1 9 3 3 ...A&O
♦
115
t
105
115%
K.C.Ft.Scott& G.—1st,7s,1908 J&D
96
8s, series “ B ” ........................
D ividend scrip ex t................. J&J
(J 102 102%
118
Pleas. H ill & De Soto, 1st, 7s, 1907 t l l 5
107
James R iv.V al.— 1st,g.,6s,’ 36 J&J 103
* 70
71%
Kansas C. L aw r. & So. 1st, 6s. 1909 ♦114 114%
101%
Spokane
&
P
al.,1st
6s,
1936.M&N
j
60
93% 9 4
62
Kan. C. M. & B . - l s t , 5s, 1927.M &8
St.P.& Nor.Pao. gen.6s,1923.F&A 116
K.O.St.Jos.& C.B.—M. 78,1907. J&J ♦123% 124
H elen a* R ed M t.lst,6s,1937M &8 103
> .........
K . C.Spr.&Mem.—lst,6s,1923.M &N 111% 111%
100
i .........
Dul. & M an., 1st, 6s, 1936. ..J& J
74%
107%
Ken. Cent. R y .—Gold 4s, 1987. J&J
Dul.&Dak.,
1st, s.f. 6s, 1937. J&D
: 101
102%
Keokuk&Des M.—lst,5 s, guar. A&O .¿107 107%
Hel. B. Val. & B.,lst,6s,1937M &N
92% 92%
$ 112%
K n oxv. & Ohio 1st, 6s, 1 9 2 5 ...J& J
Drum. & Pet., 1st, 5s, 1937..J&D
j ......... 1ÖS
93
Lake E.& W est.—1st,g .,5s,1937J&J 103 104
Helena&N’rth —lst.5s.1937. J&D
102%
Lake Shore & Mich. So.—
......... 1
* iïé “
113 11*5**
3d me
01. P. & A sh .,n ew 7s, 18 92.. A&O 110%
je, 7s, 19W : .
t lO l
101%
Bufl.&E., n ew bds, Mt.,7s,’98. A&O 121
1 6 ......... 102% (
Buff. & State L., 7s, 1 8 8 6 ....J& J
Sinking fund, 8s, 1 8 9 0 .........M&S ♦104 105
Í*94
96
101
Det.M on.& T ol.,1st,7s,1 9 06.F& A 125%
Mobile & Birm.—1st, 5s, 1937.
Consol, ,6s, 1 9 2 0 ....................A&O
36
Kalam azoo A1.&Gr.R., 1st, 8s. J&J
33
Mobile & Ohio.—
Incom e, 3s & 6 s l9 2 0 .................
50% 51
(
Kal.& Wh. Pigeon,1st, 7s,’ 90.. J&J 103%
ls t p r e f. debentures..............
28% 30
Dividend bonds, 7s, 1 8 9 9 ...A&O 121 122%
2d pref. debentures................
Incom
e,
6s,
19
2
2
,
Tr.
r
eo.........
22% 25
<-)hio & Miss.—Con8.,s.fd.7s,’98 J __ 115% 118
L.
S.&M. S., cons., cp., 1st,7s. J&J126%
3d pref. debentures................
19
22
do cons.,reg.,lst,7s,1900.Q —J 125
4th pref. debentures..............
Cons, m ort., 7s, ’9 8 ..................J&J 115% 118
.115 120
do cons., cp., 2d,7s, 1903..J&D 124
2d m ort., 7s, 1 9 11..................A&O . . . . . . 119%
102
do cons.,reg.,2d, 7s,1 9 0 3 .J&D 124% 124%
1 % 95
1st gen., 5s, 1 9 3 2 ................ ..J & D
106
Mahoning Coal R R . 1st, 5s..J& J
1st extension 6s, 1927...........Qlstm ort.,S pringf.D iv.,1905 M&N 109 110
75
r
96
97%
Lawrence—1st m ort., 7s,1895.F&A 11Ò
107 112
r
102
Lehigh Val.—1st,6s,cou p.,’ 9 8 .J&D 120
121 125
33% ■3 4 '*
2d m ort., 7s, 1910................. M&S 141 143
2d
incom
e,
6s,
1921........................
142%
Gen. M., s. f., 6s, g., 1 9 2 3 ....J&D 131
>ld Colony—6s, 1 8 97................ F&A ♦112 113
107%
L. Miami—Renewal 5s,1 9 1 2 ..M&N 110% 112
6s, 1895.....................................J&D 110 111
117
108%
109
L.ROCK& Ft.S.—lst,l.gr.,7s ’95. J&J
7s, 1 8 9 4 ...................................M&S 113% 114r
125 128
Long Island—1st M.. 7s, 1898.M&N 121
4%s, 1904................................. A&O 103 105
135% 136
1st consol. 5s, 1931................Q—J 110
B ost.C .& Fitchb.,lst,7s,’89-90J&J 103 105
107 109
Newtown & FI., 1st, 7s, 1891....... 100
B. C. F. & N. B., 5s, 1910 ..J& J ♦109 112
104% 106
110
N.Y.& Man. Beach, 1st 7s,’ 97, J&J
5s, 1900.
.........
N. B edford R R ., 7s, 1894 ..J& J 110 113
128
75
N. Y . B. & M. B .,ls t con. 5s, 1935
76
105 106% q
Lou’v.C.& Lex.—1st,7s,’97 J&J (ex) 114 Í15
101 106
2d m ort., 7s, 1907..................A&O 117 118
L ou’ v.E v.& S t.L —lst.6s, 1926. A&O 103% 104
2d m ort., 7s......................................
56% 57
c >regon& Transcont.—6s,1922M&N ‘ 9*5% 9*5%
2d m ort., 2-6s, 1936.............. A&O
......... 101
101
c
♦ 122
Louis. & Nash.—Cons. 1st, 7s, 1898. 122 124
N’ burgh&N.Y.—1st M. 7s,1888.J&,
Cecilian B r., 7s, 1907............M&S 107 108% N. J. Junction, 1st, 4s, 1 9 8 6 ..F&A 102% 103% p
Î103 ÌÒ5“
96 101
...... New Jersey & N. Y .—1st m o r t ___
Leb.-K noxv. 6s, 1931 ........ M&S
Sinking fund sub., 6s, 1 9 10.M&N
96
99
Louis. Cin. & L ex., 6s, 1931.M&N 108%
Subsidy bonds, Eng. issue, 6s...........J99 101
99 105
p
Mem.& 0.,stl., M.,7s, g.,1901J&D ¡120 1*22
Penn.RR.—Gen.M
,6s,cp.,1910Q—J 129
119
0
1
6
M.
&Clarksv.,st’g,6s,g.,1902 F&A
Cons, m ort., 6s, 1905........... Q—M ul21
114 116
N. O. & Mobile. 1st 6s, 1930. J&J 110% ...... N.Y- & Can.—£ M., 6s, g., 1904
108
Collateral trust, 4%s, 1 9 1 3 ..J&D
97%
do
2d, 6s, 1 9 3 0 .... J&J
N. Y . Cent. & Hud. R .—
Consol. 5s, 1 9 1 9 ..................... J&D 112
Pensacola D iv.,1st,6s,1920..M&S 103
E xtended 5 s ................
M&N 106
Penn. Co., 6s, reg., 1 9 0 7 ....Q.—J 107 108
St. Louis D iv.. 1st, 6s, 1921. .M&S 116
M ort., 7s, coup., 1903.............J&J 134
do
1st M., 4%s, 1921.J&J
107
60
p ___ & N.Y.Can.—1st. 7s, ’ 96. J&D 117
do
2d., 3s„1980.M & S
Debenture 5s, 1904 ............. .M&S 110 111
118
L24
Nash. & D ec., 1st 7s, 1 9 0 0 ...J& J 117
Sterlingm ort., 6s, g., 1 9 0 3 ...J & J 122
1st m ort., 7s, 1906..................J&D 129
E. H. & N., 1st 6s, 1919....... J&D 114% 115
p
89% 90
.Y.Chio.& St.L.—New 1st,4s,1937
p
Gen 1 m ort., 6s, 1 9 3 0 ............ J&D 112% ...... N. Y. E levated.—1st M., 1906.J&J 115% 116
106 110
8o.& N o.A la ., 8. F. 6s, 1910 A&O 105% 106
74% 75
2d m ortgage, 5s, 1927...............
Trust bonds, 6s, 1922........... Q—M 109% 110
2d m ortgage in com e............
Evansville D iv .,1st 6s,1920.M&S 103
Ten-forty 6s. 1 9 2 4 ................ M&N 102% 10 i% N.Y.&Harlem—7s,coup.,1900.M&N 131%
109
99 101
50-year gold, 5s, 1937......... M&N
L30
N.Y. Lack.& W —1st,6s, 1921.J&J 129
)—F
2d m o r t . 4%s, 1921.
73
94% 97
Pensa. & A tl.—1st,6s,gu,’ 21.F&A
2nd, 5s, guar., 1923............... F&A 106% . . . . p
95 105
L ’ ev.N.A.&Chic.—1st, 6s, 1910. J&J 103% 110% N. Y . Lake Erie & Western—
103
P
92%
92
Con. m ort. 6s, 1 9 1 6 ...............A&O
1st m o r t , 7s, 1897, e x t.......M&N 119
Class B , L926..7..................... A&O 105%
p>hila. & E rie—1st M.,7s, 1888. J&J 101 % 102
L o’isv.N.O.&Tex.—lst,4s,1934M &8
2d m ort, exten., 5s, 1919 ...M & S 113% L16
.10
2d m ort., 5s, 19 34..................M&S
3d m ort. ex. 4% s, 1 9 2 3 ... ...M&S 196
Gen. M.. guar., 6s, g., 1920. .J&J 1124 126
Maine Cent.—Mort. 7s, 1 8 9 8 ... J&J 116 118
4th m ort., ext., 5s, 1 9 2 0 .. ..A & O 114% L16
Consol. 5s, 19 20......................A&O 112
E xten. bonds, 6s, g., 1 9 0 0 ...A&O f 108 110
5th m ort., 7s, 1 8 8 8 ................ J&D 101% .02%
Sunbury&Erie, lstM .,7 s,’97.A & 0
£ ’hila. & R ead’g—1st, 6s, 1910.J&J
Cons. 7s, 1912.........................A&O ♦128 130
1st cons. M., 7s, g.,19 20....... M&S 136% 137
131
98%
Androscog.& Ken., 6 s .................. ♦103% 105
New 2d cons. 6s, 1969...........J&D
2d, 7s, ’9 3 ............................ ...A & O 112 %
LÖ7
Leeds & Farm ’g t’n, 6s, 1896.J&J H09 111
50
Collateral Tr. 6s, 1922......... M&N 105
Debenture 6s, 1893 ......... ....J & J
88
90
Porcl. & K.,Cons. M., 6s, ’ 95.A & 0 ♦109 111
Fund. 5s, 1969.........................J&D
Consol.M .,7s,1911, reg.& op. J&D 129 130
L07
37
Debenture, 6s, 10-20............ F&A 105
1st cons, fund coup.,7s,1920 M&S 132
Consol, m ort., 6s, 19 11.........J&D 120
107
86
Man.Beach Imp. ,lim. ,7s, 1909,M&S
R eorganizat’n 1st lien, 6s, 1908
Im provem ent m ort., 6s, ’ 9 7 .A&O 104 105
95
85
M arietta Min.—1st, 6s, 1 9 1 5 .M&N
G old incom e bonds, 6s, 1977___ \ 75
Gen’l m ort., 6s, 19 08.............. J&J 110 % 110%
M arq’ tteH o.& O.—Mar.A O.,8s, ’92 109% LI 1
Long D ock m o rt.,7s, 1 8 9 3 ..J&D 111% .12
Gen’l m ort., 7s, 19 08.............. J&J 112% 113%.
L03
.........;
6 s ,1908..................................... .
101%
17%
do
con. g., 6s, 1935 ..A & O
Convertible, 7s, 1 8 9 3 .............J&J
76
6s, 1923 (extension).............. J&D
98
97
N .Y. & North.—1st g.5s,1927. A&O ......... 05%
Cons. 5s, 1st series................ M&N. 85
6s, 1925 (Mary. & W est.).. J&D
96
55%
95
2d gold 4s, 1 9 2 7 ..................... J&D,
Cons. 5s, 2d series.................. F&A
76
77%
*Price nom inal; n o late transactions.
1Purchaser also pays accrued interest.
j i n L ondon
IICoupon off. e. In Frankfort.
irò"
too*
THE CHRONICLE
166
GE N ER A L
QUOTATIONS
OF
bon ds.
Bid.
Ask.
XL/VI,
STOCKS AND
F o r E x p la n a t io n s See N ote* at H o a 4
R a il r o a d
[V ol.
R a il r o a d B onds
BONDS— C o n t in u e d .
o f F lra t P a ^ o o f Q u o ta tio n s .
Bid.
Ask.
R a i l r o a d St o c k s .
SyT.Bing.&N.Y.—consol.7s,’ 06A&O 134
P h il.* R »a d.—(Con t.)—Con.adj.ser.
Scrip fo r 6 deferred *2 coupons .. 190* i o o " Tex. Cent.—lst,sk.fd.,7s,1909M &N
70
1st m ort., 7s, 1911................M&N
21
19
D eferred incom e.............................
do
P re f......... 300
83*2 83 78 Texas & New Orleans—1st,7s.F&A 113 114
Incom e m ort., cons. 7s, ’96, J&D
Buffalo N. Y . & P hila.,aes.p d.... 50
Sabine Div., 1st, 6s, 1 9 1 2 ...M & 8 1 00
Coal& I., guar.,7s,’ 92,ex-cp.M &S
do
do
P r e f ... 50
108
Tex.&
P
ac
—lstM
..6s,g.,1905.M
&
S
104
103
Phila. W il. & Balt.—6s, 1 8 9 2 ..A&O
Cons. M .,6s, g. 1 9 0 5 .tr.rec. J&D. 104 105*8
6s, 19 00....................................A&O f 104*2 106
50
49*2
Inc.
and
land
gr.,
reg.,
1915.
July
104
6s, 1 9 10.................................. J&D 1103
69*2 70*4
Rio Gr. Div., 6s, 1930, Trust rec.
Trust certs., 4s, 1 9 2 1 ............ J&J 100*4
61*2 63
Gen.M.&ter. 6s,1905.tr.rec. A&O.
Pine C reek- 6s, 1932................ J&D
1
79
79 U
N.O.
P
ac.,
1
s
t
,6s,gold,
1920.J&J
118
Pittsb.C.& 8t.L.—1st, 7s, 1900.F&A
97
do
P r e f..............50
Tol.A.Ar.&N.M.—lSt,6s,1924.M&N
97*2
PittBb,Cl.& T o l —1st, 6s, 1922. A&O 1 1 1 %
1 0 2 78 104
Canada S outhern........................ 100
Tol.A.A.
&Gr.T.,
1st,6s,1921.
J&J
118*2
118*4
Pittsb.&Con’llsv.—lstM .7s,’98. J&J
97
9738
Canadian
P
acific........................
.1 0 0
Tol. & Ohio Cent.—1st, 5s, gu.1935
Sterling cons. M. 6s, g., guar.J&J 1126 129
82*2 90
C ataw issa....................................... 50
Tol.Peoria&W.—1st,7s,1917, tr. rec.
Pittsb.Ft.W . & C.—1st,7 s,1912 Var 140 141
93
do
1st
p
re
f.......................50
Tol.
8t.L
.&
K
.C
.,lst,6s,19l6...J&
D
2d m ort., 7s, 1 9 1 2 . . . . . . . . . . . J&J 138
do
2d p re f.............. .........50
United Co sN.J.—Cons.,6s,’94.A & 0
3 d m o rt.,7 s ,1 9 1 2 ................... A&O 132
Cedar Falls & M innesota...........100
do
gen. 4s, 1 9 2 3 .....F & A 103%
P ittsb. McK.& Y .—1st,6s,1932.J&J
J ill
113
Central o f G eorgia...................... 100
Sterling
m
ort.,
6s,
1894.......
M&S
72
70
P ittsb. & W est.—1st, 4s, 1 9 17.J&J
124
Central Iow a, 2d assesm’ t p d ..l0 0
do
6 8 ,1 9 0 1 ....... M&S J122
P ortl’nd&Ogb’g—lst6s,g.,1900J &J 105 108
do
1st p re f..................100
Cam. & A m b.,m ort., 6s, ’ 89.M&N 104*«
P ort R oy al & Aug.—1st, 6s, ’ 99 . J&J 105
114
do
2d p ref....................100
Union P acific—1st, 6s, g .,1896. J&J
40
Incom e m ort., 6a, 1 8 9 9 .........J&J
21
!..
21*2
114*4
Central
M
assachusetts..............
100
144
J&J
1st,
6s,
1897.............................
Ben.&S’toga—1st 7s,1921 cou.M&N 141
40*2 41
do
p r e f ... 100
1st, 6s, 1898............................. J&J I I 489 115
55
58*2
R ic b ’d & Allegh—1st, 7s, trust rec.
78*2 79
115
Central
o
f
New
Jersey..............
100
1st, 6s, 1 8 99...............- ........... J&J
2d m ort., 6s, 1916.................M&N
44
45
Central Ohio....................................50
Land Grant, 7s, 1887-9.........A&O 103*2
R ic b ’ d & Danv.—Con.,6s,’90..M&N 102
50
do
P re f.......... ....................50
Sink. F ., 8s, 1 8 9 3 ......... -,---M&S 1188s 119
G eneral m ort., 6s, 1 9 1 5 ....... J&J 114
30%
30*4
128
Central P acific............................. 100
Om. Bridge, sterl. 8 s,g., ’ 96.A&O Î123
Debenture, 6s, 1927.............. A&O 1 00
21
28
Charlotte Col. & A u g ................. 100
Collateral trust, 6s, 1908 — J&J 105
Con. gold, 5s, 1 9 3 6 ... ........ A&O
4
4«%
95
Chesapeake & Ohio, com m on ..1 0 0
Collateral trust, 5s, 1907— J&D
Piedm ont Br., 8s, 1 8 8 8 ....... A&O 102
9
10
do
1st p r e f ... 100
111
Kans. Pac., 1st, 6s, 1895— F&A
R icb.F red.& P o t.-M .7 s, ’ 81-90J&J 125
5
5%
do
2d p r e f .... 100
111
d o 1st M., 6s, 1896....... J&D 1 10
B lob. & Petersb., 6s, 1915— M&N 1 2 0
Cheshire, p re f.............................. 100 118% 119
d o Denv. D iv., 6s....... M&N 114
N ew m ort., 7s, 1915 ............ M&N 114 116
138
140
Chicago & A lton ..........................100
do 1st cons. M.,6s,1 9 19M&N 104 Í06
n
B lobm ond Y ork R iv. & Cbes., 8 s ... 112 117
6
Oregon Short-L., 6s, 1922 .. F&A 100 100*2 Chicago & A tlantic Beneficiary----2 d m ort., 6 s . . . . .......... - ......... M&N 1 00 104
Chicago Burlington & N orth .. IOC 60*4 6 0 %
90
Utah
Cen.—1st
M.,
6s,
g.,1890.J&
J
885»
87*s
R ich. & West Pt.Ter., Cs, 1897.F&A
Chicago B urlington & Q u in cy.. 100 128*8 128*a
92
94
Utah So., gen., 7s, 1 9 0 9 .... J&J
B oob. & Pitts., 1st, 6s, 1 9 2 1 ...F & A 115
42*4 43
Chicago & East. Illinois............. 100
90
do e x t,1st,7s,1 9 09J&J
Consol. 1st, 6s, 1 9 2 2 .............J&D 114*2 115*2
93*s 95
do
p r e f ....100
U tica & B l’k R —M o rt.,7 s,’9 1 .J&J 1105
do
incom e, 1921— . ..
5
8%
Chicago & Grand T r u n k .................
105*2
Valley
o
f
Ohio—Con.
6s,
1921.M&S
95
R om e & Carrollt.—1st, 6s. g., 1916
42
43*2
Ver. & Mass.—Guar. 5s, 1903.M&N 105 105*4 Chicago & lnd. Coal R ailw ay .........
R om e & Dec.—1st., 6s, 1 9 2 6 ... J&D
92*2
do
do
pref
80
Vicksb. & Mer.—New 1st m ort........
RomeW at’n&O.—S.F.,7 s,1891. J &D ÍÓ 8*2
76*4 76%
Chicago M ilwaukee & St. P aul. 100
50
2d m ort................. ..........................
. 2d m ort., 7s, 1892................... J&J
do
pref., 7 . l o o 115*4 116
6
3d m ort.,incom e.............................
Consol., 1st ex. 5s, 1922-----A&O Í 0 2 % 103
110%
110*8
Chicago & N orth W estern.........100
1107
RuiJanu—1st M., 6s, 1 9 0 2 ....M&N 108 108*4 Vicksb. Sh. & Pac. -P r io r lien, 6 s .. 118 109
do
P ref., 7 ..1 0 0 145*4 146
Va.Midland—1st ser., 6s,1906. M&S
95*2 96
Equipm ent, 2d m ort., 5 s -----F&A
114
113
2d series, 6s, 1911...............M & S 118 118*2 Chicago R ock Island & P a c .... 100
gt.Jo. & Gr. Isl’d—1st,guar.6s,1925. 101 101*2
14
15
Chic. St. Louis & P itts................100
109 110
40
2d m ort., incomes, 5s, 19 25.........
39
do
p re f
100 37
70
80
4th
series, 3-4-5s, 1921.........M&S
il5
*
2
112*4
Bt.L.Alt.&T.H.—1st M., 7s, ’94.J&J
4
0 *2
3
9
78
Chic.
St.
P.
Minn.
&
O
m
.,com
..lO
O
101
101*2
2d m ort., pref., 7s, 1 8 9 4 ... . F&A 107*2
109
do
p r e f ..100 107
89*s
Incomes, cumul., 6s, 1 9 2 7 ...J&J
2 d incom e, 7s, 1894.............M & N 103*s
41
42
Chicago
&
W
est
M
ichigan.........100
79
80*2
41
Gen. 5s, guar., 1936.......... M&N
D iv. bonds, 1 8 9 4 ............................
Cin. Hamilton & D ayton .......... 100 * 67*2 80
Wab.St.L &P.—1st,ex.,7s,’90.F&A 109*2
B ellev.& S .Ill.,lst,S.F .8s,’96.A & 0 117 1 20
do
P ref.
85*« 88
113
Mort., 7s, 18 79-1909............A&O
Bellev.& Car., 1st 6s, 1 9 2 3 ..J&D
80
Cin.
Indianap. St. Louis & Chic.100 78
100
90*4
104
2d
m
ort.,
7s,
ext.
1893,
ex..M
&N
g t. JU Ark. & Tex. 1st 6s,1936.M&N 103*2
59% 62
Cincinnati
N.
O.
&
Tex.
P
a o— 100
Equipment 7s, 1883 ............ M&N
4738 47%
2d m ort., 6s, 1 9 3 6 ................F&A
20
21
Cin.
Sandusky
&
C
leveland.........50
51
‘
■
■
4
5
Gen.,
6s,
1920,
Tr.
rec...........J&D
Bt. L. & Iron Mt.—1st,7 s ,’9 2 ..F&A 108
52
54
do
P ref., 6.5 0
97*4 98
110
Chic. D iv., 5s, 1910 g old ....... J&J
2d m ort., 7s, g., 1897............M&N
Cincinnati
&
Springfield.........
111
Havana
D
iv.,
6s,
1910..........
J&J
Ark. Br. 1. gr., M., 7s, g., ’95.J&D 109*2
4
3*2
Cin. W ashington & B ait............ 100
Indianap. D iv., 6s, 1921 — J&D
Cairo Ark. & T .,lst,7 s,g .,’ 97.J&D 1 1 0 112
6*8
6%
do
p r e f.. 100
Detroit D iv., 6s, 1921............ J&J 107%
Cairo & Ful., lst,l.g.,7s,g.,’91. J&J 105 105*8
35
a
34*«
Cleveland A kron & Col....... ....1 0 0
83
87
Cons.m ort.,7 s,1907,convert.©—F
90
91*4
Gen. con. r’y & 1. g., 5 s,l931A & 0
52
53
Clev.
Col.
Cin.
&
IndianapoUs..lOO
108%
111
1st. St. L. div., Vs, 1889....... F&A
6 t .I .& 8 a n F r .—2d cl. A.1906..M&N 117
8*2
9
Cleveland & Canton..........................
Gt. West., IB.,1st, 7s, ’ 8 8 ......F&A 10 m*2 111
2d M., class B, 1 9 0 6 ....------ M&N 117 118
31
32
do
do
P re f..
90*2
do
2d, 7 s ,’9 3 . . . .M&N
2 d AT., class C, 1906............ M&N 117
156
Clev. & Pittsburgh, guar., 7 ........50
90
Q’ncy & Tol., 1st, 7 s,’9 0 .. ..M &N
Bputb Pacific.—1st M, 1888 .J&J 101*8 101*2
...••»
Coeur d’A lene.......................................
90
m .& S .Ia.,lst, 6s, 19 12....... F&A
R an .C . & 8w .,lst,6s,g.,1916..J& J 100 104*2
Columbus & X enia, guar., 8......... 50 166
114
St.L.K.C.
&N.
(r.est.&R.),7s.M&8
105
Pierre C. & 0 . 1st, 6 s............ F&A
23
24*2
Col.
Hook.
Val.
&
T
o
l
.
.
.
............
100
do O m .D iv.,lst7s,1919.A& 0
Equipm ent 7s. 1895............ ..J& D 105
15
20
Columbia & Greenvfile,pref— 100
do Clar. Br., 6s, 1919.. F&A
General m ort.. 6s, 1931.........J&J 114% 1028g
137*2
138
Concord........ .......
50
do No. M o., 1st, 18 95.. .J&J 113 lit i
General m ort., 5s, 19 31------- J&J 1 02
Concord & Portsm outh,guar.,7 100 140 150
105
do St. Cha’s Bridge 6s, 1908
Ft.S.& V .B .B d.,lst,6s, 1910.A&O
Connecticut & P assum psio....... 300 105*2 106
Wab. Fund, 1907—Var. 7s. .F&A 100
St.L.K.&So.W. -1 s t 6s, 1916M&S
C onnecticut R iv er.......................300 186 186*2
118
111
W arren (N.J.)—2d, 7s, 1900 ..A&O
Trust bonds, 6s, 1 9 2 0 ...........F&A e....... .
... Danbury & N orw alk .....................50
West Chester—Con. 7s, 1 8 9 1 ..A&O 107*2
St. L. W. & W., 6s, 1919....... M&8 e
D
ayton & M ichigan, guar., 3*«-.50
106%
107*2
W. Jersey & At. 1st M .,6sl910M &8
8t.L .V an d .& T .H .-lstM .,7 s,’97.J&J 112
do
P ref., guar., 8.5 0 157*2 1 6 0 “
West Jersey—1st, 6s, 1896.......J&J 1 12
2d m ort., 7s, 1 8 98................. M&N 100
Delaware
& Bound B rook .........100 150
125
1st m ort., 7s, 1899..................A&O
2d, 7s,guar., 9 8 .................... M&N 105
Delaware Lack. & W estern.........50 132*f 132%
Consol, m ort., 6s, 1909..........A&O
8t. P. & Duluth—1st, 5 s, 1931.F& A 105
21
23
Denv. & R io Gr. .......................... 100
1 0 0 7s io 'i
Bc.P.Minn.& Man.—1st 7s,1909 J&J 112 112*2 West Shore guar. 4 s................... J&J 101
52
54
do
do
pref.100
West’n A la.—1st M., 8s, ’ 8 8 ...A& O
2d 6s, 1909..............................A&O 117*4
10
15
Denver
&
R
io
Grande
W
estern
...
106
2d m ort., 8s, guar., ’ 9 0 .........A&O
Dak. E xt.. 6s. 1 9 1 0 .............. M&N 119 121
10
8
*i
116*8 W est.M aryl’d—3d en.,6s, 1900. J&J 119 120*2 Des Moines & Fort D od ge............
1st consol. 6s, 1 9 3 3 .............. J&J 116
22
18
do
do
P re f..
108
W’nNo.Carolina—lst,7s,1890.M &N 1 0 2
96*2
do
reduced to 4 ^ s .. J&J
50
60
Det. Lansing & Northern, com .100
Consol. 6s, 1911............ ......... J&J
M inn’s TJ’n, 1st, 6s, 1922 ....J & J H O
99 1 0 0
do
do
P ref.1 0 0
83
West’nPenn.—1st M., 6s, ’ 9 3 ..A&O 103
M ontana E xt., 1st, 4s, 1937. J&D
75
Dubuque
&
Sioux
C
it
y
.............
100
109
113
Pitts.
Br.,
1st
M.,
6s,
’9
6
.......
J&J
M ontana Cent.—1st, 6s, 1937J&J 1Ó9
10
15
Duluth So. Sh. & A tl................
90*2 Wheeling & L. Erie—1st, 5 s ,.. .1926
Ban Aut.& A.Pass.,lst,6s,1916.J& J
30
35
do
P r e f ....
90
Wichita & W estern—1st, 6s— J&J 101*2 104
89
do
1st,6s,1 92 6. J&J
10
io*a
East Tenn. Va. & Ga. R y .......... 100
Wiim. Columbia & Augusta, 6s....... 118
B anduskyM ansf.& N .—1st, 7s,1902 113
59*« 61
do
do
1st p r e f.. 100
WH.& W eldon—8. F., 7s, g., ’ 96. J&J 118 1 22
8av. FI. & W .—1st, 6s, 1 9 3 4 ..A&O
2
2%
2
2
.........
do
do
2d p r e f... 100
8 8 *a 89
W isconsin Cent.—n ew 1st, 5s.
A t. & G iM , con. 7s, ’ 9 7 .......... J&J 113
51
45
45*2 East P enn sylvania........................ 50 5 50
Incom es, non-cum ., 5 s .........
Bo. Ga. & Fla.—1st, 7s, 1899......... 1! 3
East & West, Alabam a...........
Wis. VaUey—1st, 7s, 19 09.........J&J 118 1 20
2d, 7?, 1899.................
M&N 109
114
Eastern (M ass.)............................ 100 1 1 0
112
Woro’r& N ashua—5 s, ’9 3 -’ 9 5 .. Var. 103 105
Seaboard & Roan.—6s, 1 9 1 6 ..F& A
128 129
do
P re f............
104
103*2
108
Nash.
&
R
och..
guar..
5
s
.’94.A&
0
5s, coup., 1926.................. - . J&J
109
107*2
Eastern
in
N.
H
............................100
95
R A I L R O A D S T O C K S . Par
90
Boloto V al.—1st, 7s, sink’g f d .. J&J
10
20
71
Ala. Gt. South.—Lim., A ., 6 s,p ref.. t 10*2 1 1 1 Elizabeth Lex. & Big S a n d y .... 100 5 42
69
2d m ort., 7s, sink’g fd ...........A&O
Elm
ira
&
W
illiam
sport,
5
...........
50
4
Lim ., B, com ............ ....................... Í 3
Consol. 7s, 1 9 1 0 ...................... J&J II 50
do
P ref., 7 ..5 0 1 60
1%
87*2
Ala. N. O. & P ac., &c., p ref............ t 1*4
Bham. 8un.& Lew.—1st, 5s,’ 12M&N
87
89
% Evansville & Terre H aute........... 50
*4
do
do
d e f... t
Bbam.Y.& Potts.—7s, cou. 1901 J&J
95*a 96
Fitchburg.
P
ref............................
100
147
149
Albany
&
Susqueh.,
Guar.,
7
...1
0
0
92*«
Shenandoan Val.—lst,7s, 1909. J&J
25
26
Flint & P ere M arqu ette.......
36*2 AUegheny V a U ey .......................... 50
35
General mort., 6s, 19 21....... A&O
96*2 97
do
do
Pref.
A tcbison Topeka & Santa F e .. 100 96*8 96*4
65
Shreve. & Hous.—1st, 6s, gu., 1914
2*4
1*4
Florida R’y & Nav. C o...........
82
85
Atlanta & Charlotte A ir L in e .........
Bioux C. & P ac., 1st M., 6 s,’ 98.J&J 106*2 i o Y
2%
1%
do
p
r
e
f..........................
10*8
10*2
Atlantic & P acific....... . . .............100
Bodus Bay& So.—1st, 5s,g.,1924J&J
46
45*8
Fort W orth & Denver C............. 100
102
Augusta & Savannah, leased . . . 100 131 132
Bo. Carolina—1 s tM .,6s,1 9 2 0 ..A&O 101
Galv.
Harrisb.
&
San
A
ntonio
105
82
Baltim ore & O hio..... KsL........... 100 103*2
78
2d m ort., 6s, 1931....................J&J
16*4 19
Georgia P acific...........................
18*2
do
1st pref., 6 ___ 100 123
18
Incom e 6s, 1 9 3 1 ............................
G eorgia R ailroad & Bank’g Co. 100 2 00 2 0 1
52
do
2d, o r e f................... 112 115
Bo. Cen. (N.Y.)—Consol, m ort., 5s.
12
5
Grand Rapids & In d ia n a .................
3
7
96*4
Parkersburg B ranch................ 100
South. Kansas—1st, 5s, 19 ¿ 6 ..M&S 96
10
9
Green B ay Winona & St. P a u l.. 100
92
Beech Creek....................................50
91
Texas D iv., 1st, 5s, 1 9 2 6 ....M & S
2
0
12
do
do
P r e f ....100
do
p r e f...................... . . . . 5 0
81% 82
Incom e, 6 s ............................
16
15
H
ouston
&
Texas
Central.
.
.
.
.
.
1.00
Bell’s G ap........................................50 J......... 45
8 o. Pac,Cal.—1st,6s,g.,1905-12 A&O 113 115
14*2
Huntingdon & Broad T op ............ 50
80
75
Belleville & So. IU., p r e f ...............
Bo. Pac.,A riz.—1st,6s,1909-10.J&J
37
37*2
do
do
P r e f ...50
Boston & A lbany......................... 100 198 ¡199
So. P ac.. N. M .~ 1st, 6s, 1911 .J& J 107
1*21*4 122
Illinois
C
e
n
t
r
a
l
.
.
.
.
.
.
.
.
.
.
.
.
.
........100
Bost. Con. & M ontreal................100
Staten Isl. Rapid Trans.—1st m ort
95*2
97*2
do
Leased
line,
4
p.
c.
100
do
Pref., 5 .. . 100 i"04% Í05
Steuben. & lnd., 1st 6s, 1 9 1 4 ..J&J 106*2
12
13*2
Indiana Bloom . & West.,ass. pd.100
24
28
Boston Hoosae Tun. & W estern—
Stook. & C op.—1st, 5s. 1905. ..J& J
70
Jeft’v.
Mad.
&
In
d
’p
’
s,
le
a
se
d
..100
Boston & L ow ell.......................... 100 157*2 158
103 105
Summit Br.—1st, 7s, 1903.....J&J
3
Kanawha
&
Ohio...............................
2
11
2
1
0
Boston & Maine..................... ....1 0 0
S onb.H az.& W -B —lst,5s,1928M&N 103*4
8*2 10*2
do
1st p re f................
97
99
B oston & N. Y . Air-Line, p ref
99
2 d m ort., 6s, 1 9 3 8 ...............M&N
4
do
2d p re f................
B oston & P rovidence..................100 242 242*2
t i l Ó I ll5
B ir p .B. &ErieJline.—1st M. ,7s
ns tor d a m .
‘ T rice nominal, t Purchaser also pays accrued interest. J In L ondon fl Coupon off. § P rice per share. 6 In Frankfort.
TH E CHRONICLE.
F e b r u a r y 4 , 1888.]
GSNEKA.L
QUOTATION'S
OF
STOCKS A N D
167
BONDS —
C o n t in u e d .
F o r E x p la n a t io n s See N o te s a t H e a d o f F ir s t P a g e o f Q u o t a t io n s .
R a i l r o a d St o c k s .
Bid.
Ask.
M iscellaneous.
Bid.
Ask.
8
8t. L. Van. & T. H .......
35% 36%
It. Louis & San Fr.100
72%
do P r e f . . . . 100
73%
114
d o 1st pref.100 112
59
60
3t. Paul & Duluth. 100
do
P ref.100 104% 106
it. P.Minn. & M an. 100 112 113
5
Scioto V alley ............ .
10
Seab’d & RoanokelOO 150
9
South Carolina___100
8%
Southern Pac. C o .. 100
S’ west., Ga.. g ’d, 7.1 00 126 127
Syr. Bing. & N. Y .1 0 0
10
Summit B ranch,Pa. 50
10 %
Sunhury & L ew ist..50 §......... 50
75
Terre H. & In d ’nap.50
26% 26%
Texas & P a c ific . . . 100
22 % 24
Tol. A nn A rbor & N.M
35
30
Tol. & Ohio C entral...
49
51
do
P ref.
U. N. J. R R <feC. Co. 100 214 215
56% 56%
Union P acific........ 100
Utah Central......... 100
Utica & Black R iv. 100 122
Vt.& Mass.,l’sed,6.100 134 135
%
Vloksb. & Meridian ..
do
p re f..
%
50
Virginia M idland.......
15
16
Wabash 8t. L. & P ac.
26% 27%
do
P ref.100
W arr’n(N .J.),l’s’ d,7.50
60%
West Jersey ............. 50
West Jersey & Atlantic ï 49%
13% 15
Western M aryland .. .
52%
Wheeling & L.Erie 100 52
Wil. Columbia & A u g .. 112 118
Wilm. & W eldon, 7.100 110
17 * 1*8 "
Wisconsin C en tral___
36% 36%
do
P ref.
Worc’ter&N ashua. 100 128 V 129
M iscellaneous.
B id.
Ask,
Miscellaneous.
Bid.
A sk;
R R . STO CK S.
C O A L A M IN IN G
: G O LD & S IL V E R
CONTINUED.
S T O C K S , N .Y .
!M I N I N G S T O C K S S
87% 88
Kan.C.Ft.Scott&G.lOO
34
Cameron Iron&Coal50
(N. Y. & SAN. FRAN.)
do
P re f.,1 0 0 134% 135
Colorado Coal & 1 .100 37% 38
A lice...............................
•8a
53% 54
Kans.C.Mëm.& B . 100
27% 28
Col. & H ock .l0 0 .C & I
Alta M ontana.........100
87%
Kan.C.Sp’d * Memphis 87
22
26
C onsol.Coalof M d.100
A m ie ..........................lo
40
30
Kan.C.Cl’n & Sp’d .lo O
11
12
Hom estake Min’g .1 0 0
B arcelona......................
•50
Kan. City & Omaha
*7
Marshall Cons. C oal..
Bassick...................1 0 0
5
3%
Keokuk & Des M..IOO
13
15
Maryland Coal___ 100
B echtel...........................
25
do
pref..lO O
13
15
New Central Coal .100
B elle Isle................ 100
•70
Keokuk & W est...........
N. Y. & P erry ....... 100
50
Bodie........................100
2-30
31
30
Kingston & Pembroke.
27
Ontario Sil. Min’ g .1 0 0
28
100
B
ulwer.....................
15% 16
.Lake Erie & W ....1 0 0
Pennsylvania C oal.50 271 271
Caledonia B. H ___ 100
1-60 1-80’
4ti% 46%
do.
Pref,
11
10
Quicksilver Min’ g .100
Consol. California. 100 19-37
L . Sh. & Mich. S o .. 100
93% 93%
34
36
do
pref.100
C hrysolite.................50
•47
6588 56
Lehigh V alley .........50
32
32% C hollar.....................100
Tenn.CoalAIronColOO
6-25
L ittle M iam i............ 50 &165V 166
49
Wyoming Val. Coal. 100 47
Consol. P acific____ 100
•17
•30
60
L ittle Schu’k’l .........50
Crown P oin t.......... 100
E X P R E S S S T ’C K S
80 *91*
L on g Isla n d ___ ____ 50
Dunkin ______ Jjj|........
1-25 1 -5 0
142
Adams.........
...........100
145
I
La. & Mo. R iv e r .. .100
Eureka C o n s o l.... ioo 10-50
Am erican.............. .100 107 109
d o P ref.......... 100
•31
72% 78%! Father De S m e t.. 100
United States....... 100
13% 14%
L ou. Evans.&St. L.100
Gold
Stripe...................
132
Wells, Fargo & Co. 100 123
27% 28
do.
P ref. 100
G
oodshaw
...............100
60%
60%
T E L ’ P H STOCKS
L ouisv. & N a s h v ..l0 0
5-00
Gould & Curry 8 .. 100
40
36
AN D BON DS.
Louisv.N.A.&Chio.lOO
Green M ountain___ 10
•05
American Tel. & Cable 73
74
Maine C e n t r a l.... 100 x l2 0 125
10-00
Hale
&
N
orcross.
.100
45
Man. & Law ’c e ___ 100 208 212
Atlantic & Pacific st’k
52
H orn Silver...................
•95
1-00
88
87
Bank’s & M erch’ts .l0 0
Manhattan, c o n ... 100
Independ -m oe....... 100
20
Marq. H. & O n t.. .100
18
General m ort. c e rt..
Iron
Silver.................
20
92
Baltimore & Ohio.......
91
do
P re f.,1 0 0
Lacrosse............
10
•15
53
Cent. & So. Am. Cable 93 100
M emph.& Chari___ 25
53
•51
L>eadville C onsol.. . . 10
16
Commercial Tel. Co.pf.
14% 14%
M exican Central ..1 0 0
•30
Little C h ie f............ 50
9
Franklin..................100
33
25
8
M exican Nat.; Tr. reo
Little
Pitts
•40
90
Gold & Stook....... 100
95
27
26
M ex. Nat. Constr. Co.
5-50
M exican G. & SHv.100
B onds......... . ,
96 102
84% 84%
M ichigan Cent___ 100
Navajo . . . .............100
1-70
M exican.................. 100 160 170
25
M idland o f New Jersey
O p h ir ........................ 10
8*25
N.
Y.
Mutual
Un.
Tel..
80
80
77
76
Mil. Lake S. & W ..1 0 0
P o t o s i . .................. 100
88
Mutual Union 6 s . . . .
do
p ref. 100 100 103
•21
Rappahanoek............ 1
•19
N’
west..
7s,
1904
.J&J
ib*i*
Mil. & Northern
Red E lep h a n t......... io
§•
Postal Telegraph.. 100
62% 63%
M ine H ill & S. H .. ..50
Robinson C onsol.. 50
•85
Bonds,
1st
6
s
.......
.
7%
7
Minneap. & St. L ..1 0 0
5-37
3ierra N e v a d a .......100
Postal T. Cable, new .
14
16
25
28
do
P r e f ... 100
CA N A L BONDS.
•12
■10
Silver C liff................ 50
So. Tel., 1st m ort. b ’ds
16% 17
M isso’i Kan.& T ex.100
88
C hes.& D el.-lst, 6s,’ 86
2 90 3-25
S
tandard.......
.....
1
0
0
60
72
South’n & Atlantie.25
85% 85% Ches.&O.—6s, ’ 70.Q.-J
Missouri P a c ific ... 100
5-00
Union
Consol.........100
14
13
M obile & O hio....... 100
78 V 78%
Del. & H.—7s, ’91 .J&J 107 i*07% Western U nion___ 100
7s, 1900, M. & N . . . . 114 117
M organ’s L a.& T ex.l00
1st ex t., 1 8 9 1 ..M&N 107%
B O ST O N M IN IN G
TELEPHONE
M orris & E ’x , gu.,7.50 138% 139%
Coud. 7s. 1894.A & 0 117
S T O C K S .§
80
STO CK S.
79
Nashv.Chat.& St. L.25
1st Pa.D.cp.,7s,M&S 141 142
Allouez.......................25
2
2V
American B ell....... 100 226 228
Nashua & L ow ell. .100 189 190
Lehigh N a v .- 4%s, ’ 14 108%
15%
A
tla
n
tic.....................25
15
Amer. S peaking.. . 100 100
54% RR. 6s, r e g .,’ 97,Q -F 113%
N’squehoning Vall’y50
6
Brunsw’k
A
ntim
on
y.5
4
E rie.....................
5
31% 32 V Calumet & H e o ia ...2 5 210 211
N ew Jersey & N. Y . . . .
Conv 6s,g.rg.’94M&S
M exican..............
IV
1% Catalpa S ilv er......... 10
„ _
do
Pref.
6s,g.,op.&rg..’97J&D 112 %
29o. 300»
New E n g la n d ...
1
43% 44
N. Jersey Southern..
%
Cons.M .,19117sJ& D 123
20
Central.......................25
15
Tropioal..................... 10
50o 70c F ra n klin ................... 25
9% 10% Penn.—6s, coup., 1910
75
N. News & Miss. Val.Co
14%
14%
E L E C T R IC
N .Y.Cent.A H .R iv.100 107% 107% Schuylkill N av.—
5
H u ro n ....................... 25
4%
17%
L
I
G
H
T
S
T
O
C
K
S
.
17V
N.Y.Ch.&St.L.newlOO
1st M., 6s, 1897.Q-M
$5
$2%
M
innesota................
25
Brush, Balt............. 100
71%
55
70
71
45
50
do
1st pref. 100
2d M., 6s, 1907. .J&J
$3%
N
ational....................25
$3%
Brush Illum inat’g 100
85 100
37
49
35
do
2d p ref 100
M ort. 6s, c p .,’95J&J
O s c e o la .................... 25
23 V 23%:
E dison................... .
140
N. Y. City & Northern.
6s, im p.,cp., ’ 80 M&N
3
2%
P e w a b io ....................25
Edison Illum inating..
90 100
N. Y . & H a rle m ___ 50 215 218
6s,bt&car,1913M &N
62
61
Quincy.......................
25
United States................
31
S9
N.Y.Lack.&West...lOO
7s,bt&car,1915M&N
$3
R
idge..........................25
$2%
United States 111. C o..
25
95
N.Y.L.Erie& West.100
27% 28
3usq.—6s,op.,1918J&J
T am arack ................ 25 155
159
T R U S T C O .’ S
65
63
do
P ref. 100
7s. coup., 1 9 0 2 .. J&J
M A N U F A C T ’ IN G
S T O C K S , N .Y .
37% 37% C A N A L S T O C K S .
N .Y . & N .England. 100
S
T
O
C
K
S
.
Am. Loan & Trust, 100 95
100
„
do
P ref. 100 115% 116V
Am. Linen (Fall R iv.) 825 850
111 111 % B rooklyn Trust ...IC O 270 280
N .Y .N H.& Hartf.lGO 214 223
A m ory (N. H .)........100 104V 104%
Central..................1 0 0 475
17% 17% Del. D iv. le a se d ,8 ..5 0
N .Y . Ont. & W e st..100
Amoskeag
(N.H.) 1000 1790 1800
Farmers’ Loan & Tr.25 450
N. Y . Penn. & Ohio ..
48
Lehigh Navigation. .50
A ndroscog’n (M e.).100 127 127%
K nickerbocker ....1 0 0 135
140
85
do
Pref.
M om s, guar., 4 ___ 100
A
ppleton
(M
ass.).1000 645 650
Long Isla n d ......... 100
15
155 160
N. Y. Phil. & NoTf.100
do p f.,g u a r.l0 ..1 0 0 200
Atlantic (M ass.).-.1 0 0 108 109
M ercantile....... .,..1 0 0 205 215
9% Pennsylvania...........50
N .Y . 8usq. & Western.
9
B
a
m
a
b
y
(Fall
R iv .). . . 100 105
M etropolitan, . . ..1 0 0 168 175
_ _ .d o
Pref.
32% 33
Schuylkill N a v ....... 50 « .........
85
Barnard Mfg. (F .R .)..
80
N. Y . Guar. & In d ..l0 0 115
3
N .Y. West Shore & B . .
2
do
do p re f. 50 ) 5
Bates
(M
e.)............
100 125 125%
N. Y .L ife & Trust. 100 570 590
18% K IS C ’ L L A N E O US
18
N orf.& W est,, com .1 0 0
B oott Cot. (Mass.) iOOO 1335 1340
U
nion.......................
100
450
46%! 46%
do
pref. 100
BONDS.
Border City M fg. (F.R.) 130 132%
80
79
No. P en n sy lv a n ia..50
Am.W at’rW .C o.,lst,6s 102 % 103% United States......... 100 550 586
Boston Co.(Mass.)1000 1140 1160
(;hArn C entral... 50
87
86
Northern
Oanton(Balt.)6s,g., ’04
N .Y . Sc B B ’ K L Y N
Boston
B eltin g___ 100 157% 158
140
N orth’n N. H am p.100 139
Un. R R .,ls t, end.,6s. i*íó
HORSE B B S.
Bost.
D uck (Mass.)700 x875 925
21 % 21% Col.Coal& Iron—1st, 6s 100 % 101
N orth’n Pao., com .1 00
(See L o ca l S ecurities i n
100
Chace (Fall R iv.) .1 0 0
99
„
do
P re f. 100 4L % 46% Col & Hock. C. & I.,6s..
97
C h r o n ic l e ea ch w ’k ,
108% 109
Norw.dz Worcester, l o o 175% 176
except fir s t o f m onth .)
Cov.&Cin.Bge. 5 s,3 -5 y ibö 100 %
485
480
13
10
Ogd. & L. Champ. 100
5s, 5 years........M&S 101
GAS STOCKS.
7%
7
24% 25
Ohio & M iss........... 100
Balt. Consol. G as.........
Hend’ n B ridgets, 1931 n o
39%
56
56% Continental vMe.)
39
80
do
P ref. 100 t 78
99% 99% Boston G asligh t.. .500 850 860
Or. Im p., 1st, 6a. 1910
75
70
Cres’
t
Mills
(F.
R.)
100
13
11
Ohio Southern....... 100
109% East B oston _______ 25
Oreg.R .& N .lst.6s,J& J
50
37
40
Crystal Spr. B1.(F.R.).
40
Old C olony............ l o o 174% 175
Debenture 7s, 1888.
R o x b u r y ............... 100
42
Davol Mills (F. R.) 100
16% 17
Oregon Short L in e ....
99%
Con. 5s 1925 J.& D ..
South B oston ........ 100
70%
x 70
Dougl’s A x e (Mai
22
Oregon Trans-Cont___
22 % Ocean 88.C o.,! at guar. 101 103
Brookline, M ass.. .100
97 100
Dwight (M ass.). . 500 735 740
O swego & Syr., g u a r.. 167 170
St. L. Bridge & Tun—
Cambridge, M ass..100 x l7 5 177
69
68
Everett (M ass.)... 100
Pennsylvania R R . .50
54% 54%
139
Chelsea, M ass....... 100 112 113
1st, 7s, g, 19 29.A & 0 Îl3 5
F. R. M achine C o.. 100
8
Pensacola & A tlantic..
6
Dorchester, M ass.. 100 x l0 6 109
F. R. Merino C o ... 100
19% 20
P eoria Dec. & E v .,1 0 0
84% 84% Jam aica P l’n,M assl00 x l5 8 158
Bir. D iv. 1st, 68,1917
lo i %
Flint M ills (F. R.) 100 m
Petersburg............ioo
61
59
93
Lawrence, M ass.. .100 x l2 4 126
K IS C ’ L L A N E O U S
90
Franklin (M e .).... 100
Phila. & E r ie ...........50
27%
STOCKS.
L ow ell..................... 100 x l9 3 197
G l’be Y. Mills (F.R.) 100 116
120
Phil. Germ. & N o r ..50
35
40
Amer. Bank Note C o ..
Lynn, M ass.,G. L..100 114 116
Granite (F .R .)___ 1000 225 235
Phlla.&Read.ass.pd.50 66% 66% Amer.Cotton Oil trusts 32
32% Maid. & M elrose.. .100 x l0 3 106
Great Falls (N. H.)100
90 V 9J%
do
P re f___ 50
Aspinwall L aud___ 10
8
8V Newton& W at’n ..1 0 0 x l3 6 140
Hamilton (Mass.) 1000 765 770
Phila. Wilm.& Balt. 50 *6*5
Boston Land............ 10
8
Salem, M a ss.,....... 100 x l0 8 110
x
l3
4 187
Hartf. Carpet (Ct.)lOO
P itts. Cin. & St. L ..5 0 ......... 25
7%
Boston W ater P o w e r ..
8
79
Brooklyn, L. 1..........25 100 103
77
Hill (M e)................. 100
P itts. & Con., l ’sed.50
5%
Brookline (Mass.)L’d 5
5 V Citizens’ , B rook lyn .20
50
55
H olyoke W .Power.lOG 225
Pitts.Ft.W .& C.,guar.7 152%
50
45
Canton Co. (B alt.). 100
M etropolitan, B ’k lyn .
75
80
Jackson (N. H .)..1 0 0 0 970
Pittsb. & Western ..5 0 . . . . . 16% Cev. & Cin. Bridge, pf. 210 ...... Nassau, B rooklyn ..2 5
95
100
S ing Philip (F. R.) 100 105
Si % East Boston Land. .
do.
P r e f...5 o
5%
5% People’s, B rooklyn . 10
62
63
Laoonia (M e)..........400 x460
Port.8a.eo &Ports,lsd 6 120 120V Frenchman’s B ay Ld.
8% WilUamsb’g, B ’klyn 50 115 120
8%
Lancaster M.(N.H)400 585
P ort R oyal & Augusta
Keeley M otor.......
7%
Charlest’n,S.C.,Gas.25
20
L’rel Lake M ills (F. R.)
87%
Ports. Gt.F.& C on.lO o 106 109
Manh’tt’n B ’oh Co. 100 *10
IÓ
Chicago G.& Coke. 100 210
Lawrence (Mass.) 1000 1540
Rens. & S aratoga.. 100 163
M averick Land___ 10
3%
3% Chioago Gas T r u s t ....
uii (M
(laaass).......
oo/ . . . . . 690
o o u 700
i vw
38% 37% uuw
Lowell
Rich. & A lleg., ass. pd.
*12*
6
N.E. Mtg.Secur. (Bost.
92
95
Cincinnati G. & C o k e . 178% 179% Lowell Bleaehery.2001 140
Rich. F. & P ., com .100 125
N. Hampshire Land 25
350 50C. Hartford, Ct., G. L..25
24
Lowell Maoh.Shop.500f 715
do
Guar. 7 .1 00 150
N.Y.& Tex.Ld.,Lim . 50
Jersey C.& H obok’n 2 0 160
Lym anM . (M ass.).100!x 67
do
do 6 ....... 125
Land scriD ................
M anchester (N.H.) 100 142
People’ s, Jersey C .......
70
R ichm ond & P ’b ’g.100 110 112
52
Oregon Im provem ent.
51
Louisville G. L ............ 115 120
Mass. C otton....... 1000
R ich. & West P oin t.. . .
22 % 23
Oregon Ry.&N.Co.lOO
93% 94
Mechanics’ (F. R.) 100
do P re f............
58
58% Pacific Mail SS. Co. 100
35% 36V Central o f N. Y ....... 50
Merchants’ (F. R.) 100
60
R ichm ond Y o rk R .& c .
Philadel. Co. Nat. Gas. 102%
76
77
Merrimaok(Mass) 1000
Rom e & D ecatur.. . . . .
Pullm’nP alace CarlOO 143 143 V Equitable, Ñ. Y ..
106 112
M etacomet (F.R.) .100
R om e W. & O g d ... 100
86
83
San Diego L an d ..........
50% 51
Mutual o f N . Y . . . .100
88
90
M iddlesex (Mass.).IOO
R u tla n d .................. 100
6
7
St.Louis B ’d g e .lstp re f 1104 106
84% 85
V V R W i ________ 100
Iffarragans’tt(F .R ,) 100
34
, do P r e f.,7 ..1 0 0
35
2d pref. certificates. (51
53
Portland, M e., G. L .5 0
65
70
Nashua (N. H .)___ 500
St. Joseph & G ’d Isl’d.
St.Louis Tunnel R R .. (106 110
St. Louis G as T r ... 100
67% 70
Naumkeag
(M ass.)lOJ
8t.LouisAlt.& T. H.100 *3*7* *3*9* |8t. Louis Transfer Co.
75
70
Laclede, St. Louis. 100 118
Ñ. E. Glass (Mass.)375
do
P ref. 100
78
Union St’k Yds.&Tr.Co
98 100
■
T
i
s
.
.
.
.
58
N
ew
m
arket.........500
8t. L. Ark.A Texas ...
16
16 1West End Land (Bost.)
23% 23% 1
L .2 0
36% 37% Pacific (M a s s .)...1000
Price nominal; no late transactions.
t Purchaser also pays accrued interest.
t In London.
§ Quotation per share.
168
[Voi* XL'VI,
TH E CHRONICLE,
GE N ER A L
QUOTATIONS
OF
STOCKS A N D
BONDS —
C oncluded.
F o r E x p la n a t io n s See N o tes a t H e a d o f F ir s t P a g e o f Q u o t a t io n s .
Bid.
Ask.
B an k Stocks .
B id. Ask.
B ank Stocks .
Bid.
Ask.
I nsurance Stocks .
Bid.
A sk.
H a rtfo r d . C on n
120
Park........................ 100 166*« 169
X1095 1100
E tn a F ire ...............100 245 245%
People’s.....................25 185
......
116
Connecticut . . . . . . . 1 0 0 109 112*3
110
P h e n ix .................... 20 122
77*«
75
H a rtford ................. 100 280 285
Produce E xchange 100 110 112
100
N ational.................. 100 130 135
R epublic................. 100 140 142
L10
106
75
77*«
O rient...................... 100
Second N ational.. 100 230
230 240
140
Phoenix.................... 100 190 195
Seventh W ard....... 100 115 128
30
25
1
0
0
225
145
......
B oiler............50
Shoe & Leather___ 100
85
87*s
___ 126 Steam
L on d on * B ug,
St. N icholas............ 100
55
50
Ï75 ' State of N. Y .......... 100 118 120
21*3 22*3
Com m ercial U nion. £ 5
105
74
200 Tradesm en’ s ............ 40 105 108
76
Guardian....................50
1120 LI 30
225
Im perial F ire ...........25 155 159
United States N a t.100
C in c in n a t i.
L05
103
5%
97
95 100
98
Lancashire F. & L . .25
6*4
Western N ation a l. . .
X1060 L100
52
54
100
London A ss.C orp.l2*a
P h il a d e l p h ia .§
120 120*$
33
34
350
180
Liv.
&
Lond.
&
G
lobe.2
175"
......
B’k
o
f
N.
A
m
erica
.
100
850
55
56
North’n F ire & L ife ..5
110
Centennial N at. . . . 100 145
220 225
42
43
N orth B rit. & M er. 8%
C ity N ational...........50
L10
105
First N ational.............. 270 280
3*«
4
180
Queen F ire & L ife .. .1
C om m ercial N at___50
100
Fourth N ational..........
38
39
43
R
oy
a
l
Insurance........
3;
150
142
Comm
onwealth
Nat
50
German N a tion a l.......
N e w O r le a n s .
100
Consolidation N a t ..30
55
50
Market N ational------34
64%
C rescent M utual ..1 0 0
Corn E xch an ge Nat.50
43
M erchants’ N ation al.. i‘39* 140
x40
45
50*3
F actors’ and T r . ..l 0 0
124*2 E ighth N at............ 100
970 975
M etropolitan N at.......
x56
60
245
Firem
en’
s
..............
50
First N a t................ 100
Nat. L a f. & Bk. o f Com. 255* 275
Germ ania................ 100 X ___ 116*3
Farmers’&Mech.N.lOO 170
Ohio V alley Nat’l ........ 130 135
66*3
70
107
H ibernia..................100
75
67
Fourth St. Nat’l.... 100
Queen City N ational..
141
134
H om e........................100 x74
Independence........ 100
Second N a tio n a l......... 196 210
15*3
112
H ope......................... 100
Girard N a tion a l___ 40
Third N ational............ 140 145
19*3 20
100
L
afa yette............... 50 x67*s 72
200
225
50
Kensington
N
at.......
Western German Bank
129 133
56
59
56*« M erchants ’ Mutual 100
Keystone N at’l ........ 50
H a rtfo r d .
_
32
9
0
95
M
echanics’ & T r ...l0 0 x l0 6 1 1 0
102
110
Manuf
act’r’rs’
Nat.
100
58*s E tn a N at................100
14*3 15
1 30
New Orl’s Ins. A ss’n 30
60
65
M
echanics’
N
a
t
....1
0
0
50
A
m
erican
N
a
t........
46
44*31
20 >« 22*3
N ew O rl’ s Ins. C o.. 50
M erchants’ N a t..
Charter Oak N at. .100 100 106
123 128
P eople’s .................... 25
90
95
Nat. B ’k C om m erce.50
C ity......................... 100
95
92
x
ll3
>ô
Sun
M
utual.............100
49
Nat.B’k G erm ant’n .5 0
Connecticut R iver 50
G erm an A m erican___ 100
T eutonia....... .......... 100 x l l 7 120
Nat.B’kN. Liberties 50 162
H o w a r d ...................... 1
11*« 12*s Far. & Meek. N at. 100 101 107
N
e
w
Y
o
r
k
.
98
Nat. B ’k R ep u b lic. .100
First N at................ 100
38
150
A llian ce................ 1000
National Security. 100
Hartford N at.........100 152
12*3 13
150
A m erica n ................. 50
90
Penn N ational.........50
M ercantile N at___100
132
150
B
ow
ery
......................
25
248
65
58
Philadelphia
N
a
t..100
National E x ch a n ge. 50
128
170
B r o a d w a y ................ 25
128
Second N at............ 100
Phoenix N a t...........100
20
19
120
B rook lyn ................... 17
91
95
Seventh N at...........100
State.........................100
150
120
Citizens’ .....................20
Sixth N at................100
United S ta te s....... 100 250
108
120
C
ity
.............................70
Spring
G
a
r
d
e
n
___100
L o u is v ille .
81*3
95
C linton..................... 100
123
Southwark N at....... 50
B’nk o f Com m erce....... 122
31
33
100
C
om
m
onw
ealth.
..1
0
0
162
163
Tenth Nat. B ank.
Bank o f K entucky 100
B o sto n .
210
C on tin en ta l...........100
90
91
Third N at................ 100
Bank o f LouisvillelOO
130 131
240
E agle.......................... 4=0
Western N at............ 50
A tla s .................
114 114*« Citizens’ National. 100 116 118
100
E m pire C ity...........100
West Philadelphia.100
106 106*3 City N at..................100 117 118
110
E
xch
an
ge..................
30
106
107
Falls C ity TobaccolOO
t 120 121
P
o
r
tla
n
d
*
H
e
.
120
F arragut....................50
51
irarmers’ o f K y ...1 0 0 109 114
50
» 130*3 131
Cumberland
N
a
t..
.40
100
Fire
Association
..1
0
0
102
104
i’arm ers’ & D r o v ..l0 0
102
Canal N at................100 158 160
90
Firem en’s ..................17
146 148
i'irst N at..................100 172 173
1 183 185
Casco
N
at................100
320
German-Am
erican
100
German Ins. Co.’s .100 125 120
1 128 131
First N at................. 100 116 118
ldO
G
erm
ania..................
50
139
141
123
C ity.
..................
100
103 103*s G e rm a n
Merchants’ N at....... 75 121
125
G lobe....... ................. 50
German N ational. 100 144 146
127 128
National T raders’ . 100 138 140
215
G reenw ich................ 25
K entucky N at....... 100 132 133
120*3 121
70
R ic h m o n d . V a
G uardian.................100
3 137 137*s liOuisv. Banking Co.40 255 257
115
30
29
C ity B an k............... 25
H am ilton...................15
3 119 120
M asonic................... 100 140 141
130
135
130
First N at................ 100
H anover.................... 50
E agle.
) 102*4 102% M erchants’ N at. ..1 0 0 142 143
130
Merchants’ N a t ...100 125
H om e....................... 100
126
) 129 130
Northern o f K y ...1 0 0 124
60
N at.B k o f VirginialOO 102 Ï04* H ow ard......................40
119 120
97
) 95
P eople’s B a n k .. . . . —
115
145
Planters’
N
at.........
100
30
Jefferson...................
115
116
) 125*4 125*3 Second N at.............100
200
116
State Bank o f V a .1 0 0
K ings Co. (B’klyn) -20
) 140 140*« Security................... 100 169 170
80
K n ickerbocker........ 30
S t. L o u is .
) 220 230
Third National — 100 138 140
90
L afayette (B’klyn) .50
B ’k o f C om m erce.. 100 460
) 128 132
W estern— ............ 100 117 119
100
L
i
b
e
r
t
y
................100
C om m ercial...........100 320
) 112*3 113
N e w O r le a n s .
100
L ong Isl’d (B’k ly n ).50
Continental............100 160
93
) 91
Canal & B anking. .100 X141 143
125
Manuf. & Builders’ lOQ
64
67
Franklin.................. 100 175
) 93
94
Citizens’ .................. 100
80
M echanics’ (B’klyn) 50
F ourth N ational ..1 0 0 260
) 124*3 125
Germania N a t .....1 0 0 x l5 2 160
70
M
ercantile................
50
90 100
International........ 100
3 113% 114% Hibernia N at.........100 X1501Ó 158
80
M erchants’ ................50
M echanics’ ..............100 126 128
3 107
108
Louisiana N at.. ..1 0 0 xl43lé 153
87
Montauk (B’k ly n ).. 50
90
95
M erchants’ N a t . . . 100
3 110*« 111
M etropolitan.........100 x i l 8 120
140
Nassau (B’k ly n )....5 Q
St. Louis N ational.100 130
96
0 94
Mutual N at.............100 x l2 5 M 130
105
92
Third N ational-----100 108 UO* N ational................. 37*«
0 91
Sew Orleans N a t..100 x490 550
155
N. Y . E quitable....... 33
63
0 140 143
S a n F r a n c is c o .
People’ s..................... 50 x61
90
New Y ork F ire — 10G
60
56
Anglo-Californian.......
0 102 1021« State N at..............lOOx xl05*é 110
155
X108J4
202
%
110
0 222% 225
Bank o f C alifornia___ 198
Union N at...............100
100
90
North R iv e r ..............25
0 140 150
First Nat. G old -----100 1 2 2 *«
N ew Y o rk .
P acifio........................23 146 170
170
0 97*< 98
A m erica.............. 100 Î172 174*2 P a c i f i o ...- ....... .
70
50
P ark ......................... 100
0 138*, I38*s American E x ch ’gelOO 1140 142
P eter Cooper........... 20 150 160
250
260
M etrop olitan ............ 100 117% 117*2 B roadw ay................. 25
F IR M IN S U R ’ CE
95
85
P eople’ s ..................... 50
STOCKS.
M onum ent................ 100 2 2 0 223
Butohers’& Drovers25 162
Phenix (B’k ly n )-----50 100 103
B a lt im o r e .
M t. V ernon............... 100 133 133*2 Central N ational.. 100 130 136'
140
8*3 R utgers’ ......... ..........2a 125
Associate Firem en’s .5
N ew E nglan d .......... 100 146*4 147
Chase Nationa) ,..1 0 0 210
100 110
Baltim ore F ire in s . 10
N orth..........................1 0 0 132*4 132*2 C h a th a m ....... ....2 5 225
80
70
3200
18
16
3600 Firem en’ s Insur’ce .18
N orth A m erica____ 100 103 103*2 Chem ical......... ..1 0 0
100 115
.23
5%
H oward F ire...............5
O ld B oston ................50
58% 59
C ity...........................100 300
150
130
4
M aryland F ire ......... 10
P eople’ s . . . ............... 100 162 163
Citizens ....................25 140
140
W estchester............. 10 130
5
National F ire...........10
128*« C om m erce...............100 167*4 170
R e d e m p tio n ............ 100 128
260 285
Williamsburg
C
ity
.
.50
122
B oston .
R ep u blic.................... 1 00 138 140
C ontinen tal...........100
Am erican F. & M . .100 115 120
126
R e v e re ..................... 1 00 125
C om E xch an ge .. .100, 195 200
R o c k la n d ..................100 148*« 149
B oston......................100 139 139*s
East R iv e r................ 25 I®”
96
95
S eoond N at...............100 152*« 153
B o y lsto n ................. 100
Eleventh W ard....... 25,*® *'
91
90
195
S ecurity.....................1 00 185
D welling H o u s e ...100
First N ational....... 100 *J»op
P R IC E S
OF
EXCHANGE
125*4 F ourth N ational-..100
.45
E liot......................... 100 126 128
B h a w m u t................ 1 00
M E M B E R S H IP S .
Firem en’ s ................100 181*3 182
99 100
Shoe & L e a th e r....1 0 0
F ulton................. . . . . 3 0 165
40
40*4
M anufacturers’ . ..1 0 0
B ta te....... ................. 1 00 116 116*2 Fifth A ven u e.........100 750
Mass. M utual.........100 115 117
Suffolk...................... 1 00 115*« 116
Gallatin N ational ..5 0 200
225
124
127
M
ercantile
F.
<
&
M
.100
100*2
100
T hird N at................100
Garfield......... ......... 100
90
86
Neptune F. & M ...1 0 0
92% 92% German A m erican. .75 112
T ra ders’ .................. 100
N.Y. S tock ...................... 24.000 ask.
95 100
North A m erican ..1 0 0
T rem on t.................. 100 100 *« 101
G erm ania................100 200
Last sale, Feb. 1 . .. 22.000
95 100
U n ion ....................... 100 141*4 142
P rescott............. .100
G reenw ich................ 25 115*«
975 bid .
N.Y.
Consol.Stock& Pet.
182
100
90
W ash in gton ...........100
W a sh in g to n .... ...1 0 0 120 *« 121
H anover.................. 100
Last sale, Jan. 5 .... 1,000
C in c in n a ti.
W e b s te r ..................100 102*« 103
Im porters’ & T r . ..l 0 0 334 315
1,750 ask.
.........•
N
.Y
.
P
rod
u
ce
150
91%
152*8 A m azon— ...............20
B r o o k ly n .
Irvin g.........................50
Last sale, Jan. ’ 8 8 .. 1,700
110
A urora______ _______20
B ro o k ly n ................. 100 145
Leather M a n u fts..l0 0 195 205
1,450 ask.
N.Y. C o tto n .............. . . .
148
C in cin n a ti...............25
F irs t N ational........ 50 320
M anhattan............... 50 160
Laso sale, Jan. 31 .. 1,425
Citizens’ .....................20 145 160
F u lto n ..................... 40 167
M arket.....................100 170
650 ask.
N.Y.
Coffee......................
__
Com m ercial.............. 25 230
C ity N a tio n a l........ 50 325
M echanics’ ................25 164 170
600
Last sale, Jan. 3 1 ..
100
E agle........................ 100
C om m ercia l........... 60 150
M echanics’ & T r .. .25 142
1.300
ask.
R’l
Est.
Exch.&
A
uc.R
’
m
60
70
E nterprise.................20
L on g Isla n d ........... 100 118
M e rca n tile............ 100 145 150
Last sale, Jan. 2 5 ... 1,265
E ureka....................... 20 220
143
M erchants’ ................50 139
M anufacturers’ ............ 150
15.000
bid.
........
B
oston
S
t
o
c
k
90
M echanics’ ............. 50 225
M erchants’ E x ch ’e 50 115 117*3 Farmers’ Ins. C o ...20
Last sale, D e c . ’87. 15.000
100
20*4 24
F id e lit y ................100
N assau..................... 1 00 240
M etro p o lita n ....... 100
3.300
ask.
Philadelphia
Stock
152*«
Firem en’ s. 1...............20
C h a r le s to n .
Nassau....................... 50 150 155
Last sale, Deo. ’8 7 . 3,500
G erm ania..................20 102*3 105
B ’k o f Chas.(NBA) 100 134
New Y o r k ...............100 215
Chicago B oard o f Trade 1.850 ask.
101
G lobe.......................... 20
125
F irst Nat. C has.. .100 205
N. Y . Nat. E x ch ’gelOO
1.850
Last sale, Jan. 28.
217*3
M erchants’ * M anuf 20
P eop le’s N ational. 100 200
New Y o rk C ou n ty.100 200*
90
Miami V a lley ...........50
C h ic a g o .
Ninth N ational. . . . 100 132 138
N ational.................. 100 150 160
A m erican E xch. N at..
North A m erica.___ 70 125
110
A tla s N a tio n a l.......... 118
S e c u r ity .................. 100 100*4 104
North R iv e r.............. 30 130
W ashington..............20 130 135
C hicago N a t.. . . . . . 100 170
Oriental..........- .........25 185
W estern.....................25 170 175
C om m ercial N a t... 1001 175
P acific.................... .50 160 187
P epp erell (M e.)__ 500
F ocasset (F. R .).. .100
B icli. B ord’n(F.R.) 100
R obeson (F. R iv.) 1000
Sagam ore (F. Riv.) 100
Salm on Falls(N .H .)300
Sandw.G lass(M ass.)80
S hove (F a llR iv .). 1 00
Blade (Fall R iv .).. 100
Stafford (F allR iv.) 1 00
S tark M ills (N.H.)1000
Tecumeeh (F. R .). 100
'23iom dike(M ass.)1000
Trem ont& 8 . (Mass)lOO
T ro y C. <teW .(F.R.) 500
U nion C.Mi. (F.R.) 100
W am panoag(F.R .) 100
W asm ngt’n(M ass.)100
W eed Sew. M’ e (Ct.)25
W eetam oe (F. R .)100
W illim ’tic lin en (C t)25
Y ork Co. (M e .)..;..750
B A N K STOCKS.
B a lt im o r e .
R an k o f B altim ore 100
B ank o f Com m erce. 15
Citizens’ .................... 10
'P r i c e nom m ai; n o late transactions.
X Last price this week.
§ Quotations per share.
THE CHRONICLE
F e b r u a r y 4 , 1888.]
R o ad s.
16»
Latest Earnings Reported.
Week or Mo\ 1887-8.
AND
1886-7.
J a n . 1 to L a test D a te .
1887-8. I 1886-7«
1
$
$
$
$
Lehigh & H u d ... Decem ber. I
15,149
21,004
228,423
219,039
L. R ock & M em. 3d w k Jan
15,086
20,782
49,311
62,346L ong Island....... 4th w k Jan
37,240
38.153
174,407
158,851
60,565
53,566
500,371
The I n v e s t o r s ’ S u p p l e m e n t contains a complete exh ibit o j Lou. & Mo. R iv.. O c to b e r...
454,789
Louis.Ev.&St.L. 3d w k Jan
18,267
18,228
56,200
47,407
the F u n d ed D ebt o f States and Cities an d o f the Stocks and Louisv.&Nashv. 3d w k Jan
267,565 293,815
859,900
816,25»
Lou.N.A. & Chio. 3d w k Jan
28,077
27,339
89,446
85,504
B o n d s o f R a ilroad s an d other Com panies. I t is p u blish ed L ouisv.N .O .& T . 3d w k Jan
44,525
48,336
157,876
133,307
Lykens V alley.. November.
94,872
60,465
718.859
on the last S atu rda y o f every other m onth— v iz ., Ja n u ary
694,459
Mar. Col. & N o.. D ecem ber.
6,773
4,613
64,3421
M a rch , M a y , Ju ly, Septem ber a n d N ovem ber, an d is f u r
Mar.Hough. & 0 . 3d w k Jan
8,317
5,260
24,757!
15,721
&Chas. 3d w k Jan
42,135
42,722
110,764!
117,021
nish ed w ithout extra charge to all regular subscribers o f the Memphis
♦Mexican Cent . 3d wk Jan
120,000
92,666
341,1001
283,88$
C h r o n ic l e .
E x tr a copies are sold to subscribers o f the *M ex.N. (allIns) D ecem ber. 152,625 154,399 1,777,491| 1,743,450
Mil.L.Sh.&West. 4th wk Jan
44,798
53,500
133,434i 142,885
C h r o n i c l e at 50 cents each, and to others at f 1 p e r copy.
Milwaukee & No. 3d w k Jan
12.195
14,508
41,0851
43,328
M inneap.&St. L. D ecem ber. 140,124 149,184 1,505,098 1,549,619
Min.St.Ste.M &A November.
25,101
12,83
Minn.&No.West. 4th w k Deo
44,016
19,879 1,504,557
540,092
8,652
7,161
Miss. & T e n n ___1st wk Jan
8,652
7,161
Mobile & Ohio .. D ecem ber. 242,182 287,024 2,485,232 2,224,459
Ch. &St.L. D ecem ber. 275,482 229,946 3,055,917 2,400,772
Gross Earnings to Latest Dates.— The latest railroad earn Nash.
New Brunswick. November.
73,773
66,701
750,875
740,903
ings and the totals from Jan. 1 to latest date are given below N.Y. Cen. & H .R . Decem ber. 3,229,021 2,945,063 36,296,024 32,651,015
Y. & Northern Wk. Oct. 8
11,358
12,473
441,664
419,243
for all the railroad companies whose reports can be ob N.
cN.Y. L .E . & W . D ecem ber. 2,029,935 1,985,149 24,464,236 23,002,509
N.Y. & New Eng. December. 425,857 386,27
tained.
4,446,905 4,169,209
N.Y. O n t.& W ... 3d wk Jan
25,306
19,429
71,355
58,014
Latest Earnings Reported.
Jan. 1 to Latest Date. N.Y. Sus. & W ... Decem ber. 135,645 112,545 1,395,181 1,129,439
N orfolk & W est. 4th wk Jan
84,068
66,379
349,144
R oads
261,655
N’theastm (S.C.) November.
45,297
47,237
499,960
Weekor Mo\
Ho] 1887-8.
494,786
1886-7.
1887-8.
1886-7.
Northern Cent’l. December
490,286 457,809 6,212,927 5,474,618
Northern Pacific 4th w k Jan 210,417 182,872
656,386
571,421
æ
$
$
$
71,306
81,823
217,967
Allegheny V al. .
r. 179,04 3 156,79 9 2,029,108 1,812,729 Ohio & M is s ..... 3d wk Jan
223,372
6,723
4,601
20,343
Atch. T. & S. Fe.
13,803
ir. 1,657,07 3 1,719,35 5 16,965,412 14,459,378 Ohio R iver — 3d w k Jan
62,672
32,839
595,443
Atlanta & Char.
ir. 134,53«) 113,59 i 1,198,749 1,054.093 Ohio Southern. D ecem ber
508,757
Oregon Imp. C o. November. 393,252 286,289 3,796,502 2,735,013
Atlantic & P a c ..
in
72,60^ L
55,88 3
172,440
151,681
90,538 5,164,398 5,211,920
Balt. & Potom ac
r. 120,98!3 110,34 9 1,447,332 1,345,873 Oreg. R .& N . Co. 3d w k D ec 103,391
enn sylvania... D ecem ber 4,892,954 4,428,216 55,671,303 50,379,068
Beech C reek ___
r.
97,35!2
58,78«9
786,823
609,096 P
Penn.
C
om
pany.
Buff.Roch.& Pitt
in
33,96' )
39,82'
149,623
123,446
No. West. sys. December 1,585,696 1,350,956 18,532,322 15,469,215
Bur.C.Rap.&No.
m
45,83'
47,62«
135,756
147,265
So. West. sys..
1,287,937 1,166,064 14,362,552 12,002,449
Cairo V. & Chic.
in
12,925
13,97)
37,886
41,004 PeoriaDec.& Ev. December
2d w k Jan
12,326
16,922
26,513
Cal. S outhern...
.......
30,811
in
44,52:
105,252
P
e
te rsb u rg .......
31,404
28,300
326,276
Camden & A tl’c
326,177
r.
33,724
29,59r
678,644
599,091 Phila. & Erie ... November.
December
328,637
301,174
4,036,931
lanadian Pacific
3,708,484
in 155,00< t 127,00» »
544,000
431,000 fPhila. & Read’g. Decem ber. 1,715,656
1,576,714 21,903,073 19,766,815
Cp.F’r& Yad.Val
r.
26,53')
21,331
276,485
Coal & Iron Co. Decem ber 1,573,422 1,342,525 19,656,704 15,843,679
Carolina C ent..
r.
48,691
46,211
........ 227,222 Tot.bothCo’s
..
3,289,078 2,919,238 41,559,777 35,610,494
Central o f G a ...
n 106,811
96,391
320,174
281,722 Pitts. & West’m . December
3d w k Jan
24,747
34,968
79,908
Central Io w a ___
104,946
r. 134,518
126,73'] 1,352,532 1,323,625
26,609
25,752
Central o f N. J ..
292,860
l*.
974.88C 995,92£ 11,528,588 LO,742,892 P ’rtR oyal &Aug. November.
283,165
33,908
33,548
Central P acific.. O ctob er. 1,333,10) 1,141,08: 11,190,643 9,940,703 Pt. R ’al&W.Car, November.
R&W.P.Ter.Co—
Central o f S. C.
r.
9,24)
8,172
Rich. & Danv 3d w k Jan 103,975 101,775
Charlest’n & Sav
289,350
257,775
r.
42,911
40,57'
446,205
433.081
Va. Mid. D iv .. 3d w k Jan
34,225
22,950
94,375
Cheshire.............
69,600
r.
54,30:
49,96'
605,777
579,862
C.
C.
&
A
.
Div.
3d
w
k
Jan
18,2
0
18,600
51,300
Cheraw & Dari.
45,000
r.
7,917
7,51]
Col. & Gr. Div, 3d w k Jan
14,650
13,275
41,000
34,825
Chesap. & Ohio.
r. 412,12c
358,55] 4,099,351 3,755,867
W estN. C. Div. 3d w k Jan
13,925
11,100
42,075
Eliz.Lex.&B.S.
29,050
f.
87,83c
80,846 1,103,585
937,528
W. O. & W.Div. 3d w k Jan
2,200
1,900
6,875
Ches. O .& S .W ..
6,075
199,63]
166,875 1,998,178 1,713,325
Ash.
&
Sp.
Div.
3d
w
k
Jan
2,275
800
5,775
Ches. & L e n o ir..
2,500
r.
7,402
6,16c
Total all ... 3d wk Jan 189,450 170,400
530.750
Chic. & A lto n ... O ctob er.. . 903,372 808,942 7,392,907 6,565,102
444,825
Rich.& Petersbg. 5 ovember.
20,175
17,332
210.584
Chic. & Atlantic
193,452
n
31,66]
31,295
99,266
93,886 Rom e W. & Og . November. 279,598 249,607
2,9. 1,794 2,645,381
Chic. Burl. &No.
r. 154.89Ë
142,901 2,134,200
ITSt.L.Alt &T.H. 3d w k Jan
34,497
38,267
109,562
Chic. Burl. & Q
101,80$
r. 2,382,965 2,256,339 25,448,822
B
ranches........
3d
wk
Jan
18,830
18,720
51,957
Chic. & East. ILL
49,934
n
39,909
33,605
111,482
108,222 St.L. A rk .& T ex Bd w k Jan
42,807
37,489
139,292
Chic. & Ind. Coal
112.467
n
9,333
6,224
30,880
17,525 St.L. & San Fran. 4th w k Jan 143,200
148,685
392,732
Chic. Mil. & St.P.
386,486
n 491,000 473,190 1,452,000 1,490.239
14,530
22,813
41,910
Chic. & N’thw’n.
68,439
. 2,191,563 2,174,554 27,140,726 215,348,848 St. Paul & Duluth 3d wk Jan
St.P.Min. &Man December
905,264 700,161 8,745,227 7,427,33»
4,143
9,169
66,271
73,399
17,820
34,781
Chic. St.L.&Pitts
. 523,407 469,425 5,862,764 4,842,317 S.Ant.&Ar.Pass 2d w k Jan
Scioto V alley___ November
70.723
61,536
726,223
Ohio. St.P. &K.C,
623,339
v
10,845
7,043
67,486
54,693
Chio. St.P.M.&O. December . 599,410 563,499 6,943,428 6,153,266 Seab’rd & Roan. December
Shenandoah
Val
December
73,000
54,315
904,640
Chic. & W. Mich. 3d w k Jaia
740,654
19,785
17,807
56,114
2,409
Cin.Ind.St.L.&C. December . 236,889 246,977 2,692,076 2,601,563 South Carolina November. 119,674 113,609 1,094,494 1,022,630
So. Pacific Co.—
Cin.Jack. &Mac.
i
7,642
5,725
22,074
18,521
Gal.Har.&S.A. November. 291,208 211,975 3,032.306 2,352,793
Cin. N. O. & T .P .
l
58,705
60,013
173,173
162,509
Louis’a W est.. November.
76,914
57,359
Ala. Gt. South
765,948
578,637
i
27,104
28,022
84,630
79,205
Morgan’ s L&T. November. 554,584 403,242 4,063,527 3,700,604
N. Orl. & N. E
l
14,917
14,557
45,422
41,916
N.
Y.
T.
&
Mex.
November.
13,157
15,796
154,990
Vicksb. &M er.
144,785
l
7,772
12,171
28,057
31,646
T e x .& N .O rl.. November. 108,391
94,918 1,148,437
Vicks. Sh. & P .
896,015
l
7,225
12,983
28,706
31,204
Atlan’c system November. 1,044,255 783,290 9,165,‘289 7,672,825
E rlanger Syst
l 115,723 127,746
359,988
346,480
Pacific system November. 2,597,696 2,117,351 24,652,822 21,532,787
Cin.Rich. &Ft. W.
l
6,658
6,245
6,658
6,245
Total o f a ll.. November. 3,641,951 2,900,641 33,818,109 29,205,612
Cin. & Spring’d
95,968 102,122 1,183,684 1,130,324
So.
Pac. R R .—
Cin.Wasn.&Balt.
33,721
45,155
118,901
128,389
No.
D iv. (Cal.) O ctob er.
162,778 170,541 1,447,398 1,335,421
d e v . A kron &Col
9,572
8,427
30,243
24,843
So. Div. (Cal.) O c to b e r,.. 492,397 245,110 3,419,580 2,643,033
d e v . & Canton November.
33,682
31,292
345,161
327,719
Arizona D iv . . (O ctober. . .
143,148 127,472 1,352,639 1,261,328
dev.C ol.C .& In d
381,253 351,982 4,580,969
,184,117
New Mex. D iv O ctob er...
36,119
50,943
576,597
552,083
Clev. & Marietta
5,207
6,102
17,355
16,577 Spar. Un. & Col. tNovember.
9,687
69,763
73,616
10,558
Cœur d’A le n e ... December
16,181
Staten
Is.
Rap.
T
i
1
D
ecem
ber.
50,515
788,313
44,537
852,581
Col. & Cin. Mid .
5,108
6,549
18,292
18,590 Summit Branch (November. 147,222 117,067 1,235,857
628,718
Col. Hock. V. & T.
56,000
59,000
204,518
223.565 Texas & Pacific. |3d wk Jan
118,610
384,232
341,377
Denv. & R io Gr
155,100 180,024
597,600
545,650 Tol.A.A.& N .M ’h 4th wk Jan 101,274
14.959
35,242
11,269
48,368
Denv. & R. G. W.
22,000
18,275
57,475
46,950 Tol.& Ohio Cent.(3d w k Jan
19,601
22,427
71.688
Den. Tex.&Gulf. December
55,981
25,895
18,922
Tol. P. & W est.. 3d w k Jan
19,139
19,353
54,371
51,465
Det.BayC.& Alp. December
31,000
24,542
466,667
242,017 Umon P a c ific ... November. 2,597,585 2,351,431 26,313,894 23,936,643
Det.Lans’g & No.
13,788
14,074
38,422
44,305 Valley o f O h io.. Novem ber,
56,793
61,106
601,160
570.977
Duluth S.S.&Atl.
17,080
8,270
50,622
25,326 Wab. W estern... 3d w k Jan
258,856
91,787
91,693
267,873
E.Tenn.Va.&Ga.
104,418
94,448
316,349
275,665 Wab., E. o f Miss November. 590,850
581,540 6,354.791 6,201,669
Evans. & Ind’plis
3,098
5,683
11,023
12,311 W est N. Y. & P a. 4th wk Jan
189,809
66,500
213,900
64,300
E vansv. & T. H .
14,721
14,213
43,125
37,773 iWest J e r s e y .... D ecem ber.
98,897
83,569 1,469,215 1,352,458
F lint & P. Marq.
44,012
36,833
128,532
113,523 Wil. Col. & A u g November.
74,006
64,217
678,224
614,678
Fla. R.& N av.Co.
22,840
20,850
69,470
65,280 Wheeling & L. E. 3d w k Jan
12,192
44,902
34,730
15,581
Ft.W .& Den. City
15,400
10,154
58,200
37,619 «W isconsin Cen. 3d wk Jan
46,244
45,127
134,944
119.978
Georgia P a c ific .
29,367
24,852
53,256
41,140
Gr. Rap. & In d ..
31,337
31,844
31,337
31,844
Other lines .
2,392
1,581
2,392
1,581
t A nd branches.
* M exican currency.
Grand T ru n k . . . Wk.Jan.21 266,131 240,779
834,926
791,127
c A fter deducting earnings paid over to leased roads operated on a pet*
Gn.Bay'W .&St.P November.
34.377
36,725
420,967
316,004
G ulf Col. & S .F e. December
356,270 234,646 2,928,277 SÌ,274,171 centage basis.
Hous.&Tex.Cen. ,3d w k Jan
45,069
50,829
133,529
161,647
t Not including Central o f N. J. in either year.
Humest’n &Shen December
17,420
16,564
161,761
160,852
IT Including Ind. & St. Louis.
Hl.Cen. (Ill.&So) December 1,110,900 .,112,721 .1,820,' 32 1( »,776,187
Cedar F.&Min. November.
a A ll lines included.
10,540
15,892
106,872
159,126
Dub.& SiouxC. November.
82,235
84,855
765,251
868,578
Ia. Falls &S.G. November.
67,128
54,843
625,525
576,249
Ind. Bloom. & W. 3d w k Jan
48,913
47,534
Latest Gross Earnings by W eeks.— The latest w eekly
135,323
143,638
Ind. Dec. & Spr. December.
30,540
61,297
411,634
449,098
Ind. & St. Louis. 3 d w k Jan
earnings in the foregoing table are separately sum m ed up
34,497
38,267
109,562
101,806
Jack. T. & K. W. November.
35,492
38,624
402,173
252,459 below.
K.C.Ft.S.& Gulf. 3d w k Jan
42,990
56,473
128,293
151,043
Kan. C. Sp. & M . 3d w k Jan
28,979
Notwithstanding a considerable falling off in earnings on
42,460
83,752
■ 108,933
Kan. C. Cl. & Sp. 3d w k Jan
5,083
3,545
13,196
9,427 a number o f roads as a result of the bad weather prevailing
K entucky C e n t. Decem ber.
88,259
71,461 1,074,590*
920,697
Keokuk & West. 3d wk Jan
6,634
5,649
20,003
16,947 in that period, our final statement of earnings for the th ird
Kingst’n & Pern. 3 d w k Jan
1,906
1,073
5,375
3,399
K n oxv . & Ohio . November.
47.052
week of January shows a slight gain over the corresponding
36,995
Lake E. & West. !3d w k Jan 1 34,8581
34,075
97,541
102Ì504 period in 1887,
^ a ilr D a x l fu ie llig e w tie .
RAILROAD EARNINGS.
1
THE CHRONICLE.
170
1887.
1888.
3 ci w eek o f J a n u a ry .
Increase.
$
$
P rev’ly report’d (38 roads) 2,179,435 2,122,003
55,883
72,604
A tlantic & P acific............
47,629
45,834
Burl. Cedar R. & N orth. -96,398
106,816
Central o f G eorgia..........
17,807
19,785
Chic. & W est M ich ig an ...
5,725
7,642
Cincinnati Jack. & Mack
60,013
58,705
Cin. N. O. & Texas P a o ...
28,022
27,104
A labam a Gt. Southern
14,557
14,917
N ew Orleans & N. E —
12,171
7,772
Vicksburg & M eridian..
12,983
7,225
V icksburg Shrev. & Pac.
45,155
33,721
Cin. Wash. &. Balt...........
9,572
8,427
Cleveland A kron & Col. ..
53,000
43,000
C ol. Hock. Val. & T o l-----3,010
8,763
D etroit Mack. & M arq—
94,448
104,418
E ast Tenn. Va. & G a.........
36,833
44,012
F lint & P ere M arquette..
20,850
22,840
F lorida R y & N av............
240,779
266,131
G rand Trunk o f Canada..
50,829
45,069
H ouston & T exas C en t...
56,473
42,990
Kansas C. Ft. 8. & G u lf ..
42,160
28,979
K ansas C. Spr. & Mem
5,083
3,545
Kansas C. Clin. & Spr —
1,073
1,906
K ingston & Pembroke . .
20,782
15,086
Kittle R ock & M em phis..
5,260
8,317
M arquette Hough. & Ont
42,722
42,135
M emphis & C harleston..
14,508
12,195
81,823
71,306
Ohio & M ississippi.
4,601
6,723
Ohio R i v e r .. .........
101,775
103,975
22,950
34,225
Virginia Mid. D iv .........
18,600
18,200
Char. C. & A. D iv .........
13,275
14,650
Col. & Gr. D iv ...............
11,100
13,925
W est North Car. D iv __
1,900
2,200
Wash. O. & W. D i v ......
800
2,275
Ash. & Spar. D iv . . . .
38,267
34,497
*St. L. Alt.& T. H ., M. Lin«
18,720
18,830
St. L. Alt. & T. H. Brchs.
19,353
19,139
Tol. Peoria & W estern.. .
$
181,421
16,721
3,546,509
291,314
75,492
3,622,001
. . . . . ..
10,418
1,978
1,917
360
1,145
5,753
9,970
7,179
1,990
25,352
1,538
833
3,057
2,122
2,200
11,275
1,375
2,825
300
1,475
ÏÏ0
D ecrease.
123,989
‘ '1,795
1,308
918
4,399
5,758
11,434
10,000
5,760
13,483
13,481
5,696
587
2,313
10,517
400
3,770
1887.
$
33,960
491,000
56,000
155,100
15,400
37,240
44,798
84,068
210,417
143,200
14,959
66,500
$•
39,821
473,190
59,000
180,024
10,154
38,153
53,500
66,379
182,872
148,685
11,269
64,300
1,352,642
1,327,347
............
Buffalo R och. & Pittsburg.
Chicago Mil. & St. P a u l...
Col. H. Val. & T o le d o ----D enver & R io Grande —
.F ort Worth & Denv. City.
L ong Island................- —
..Milwaukee L. Sh. & West
N orfolk & W estern............
Northern P acific................
-fit. Louis & San F ran.......
Toledo A nn A. & No. Mich,
'Western N. Y . & Penn —
Total (12 roads)............
N et increase (1'91 p. o.)
Increase.
$
17,810
5,246
Í7,689
27,545
Decrease.
$
5,861
.... ....
3,000
24,924
913
8,702
5,485
48,885
.............
Net Earnings M onthly to Latest Dates.— The tables follow
ing show the latest net earnings reported this weekf> 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
a ry 1 1887; following that we give the totals for the fiscal
year on those companies whose fiscal year does not correspond
w ith the calendar year.
m o n th , a n d C a le n d a r Y e a r .
r-Jan. 1 to Dec. 31.—,
------- December.-------- >
1887.
1886.
1886.
1887.
$
9 .
$
$
Roads.
2,029,108
156,799
1,812,729
A llegheny V a lle y .. . .Gross. 179,048
797,769
681,230
64,590
73,727
N et...
120,983 110,349 1,447,332 1,345,873
Balt. & P otom ac....... Gross.
538,955
513,016
30,356
37,113
Net. -.
678,644
599,091
29,597
33,724
Camden & Atl. & brs.Gross.
138,563
129,775
def. 6,314 def. 8,257
894,100
11,606,412
10,081,803
Canadian Pacific.......Gross. 1,151,741
N et.-- ooo,7U7 280,245 3,504,118 3,703,487
46,219
48,695
Carolina Central.— Gross.
22,888
23,874
N et...
49,862
621,437
390,507
64,600
*0ol. Coal & Iron Co. -N et...
95,693 1,181,324 1,057,093
D en v. & R io G. W est.G ross. 101,941
39,031
341,868
3 SI,099
21,682
N et...
L ouisville & N ash v..G ross. 1,449,562 1,278,717 16,044,473 13,978,546
ZiOUlSVme
575,179 ñagjgSS
.ññ7 g'jraS'-M-fS
538,685 fi.251
6,251,557
5,522,115
64,342
4,613
6,773
M ar. Col. & N o...........Gross.
2,729
N et...
N orfolk & W estern... G ross. 406,42| 267,336 4,254,794 3,252,057
91,011 1,771,014 1,291,147
N orthern P acific. - - G r o s » , 1 > W ¡ 9 6 899,665 13,854 320 12,329,552
383,708 6,046,290 6,140,372
O h io & Mississippi - - - Gross. 345,919 296,918 4,128,365 3,827,831
80,465 1,436,441 1,150,107
N et... 112,614
Philadelphia & E rie. .Gross. 328,637 301,174 4,036,931 3,708,484
91,886 1,579,884 1,465,952
87,007
N et...
P bila & Reading
Gross. 1,715,656 1,576,714 21,903,073 19,766,815
Fhiia. <&iseaam g....... w v e a ’ 7 93,632 668,292 11,310,911 8,513,720
Coal & Iron C o....... Gross. 1,573,422 1,342,525 19,656,704 15,843,679
c o a l <55 iro n
w w ».
4Q -> 2 Q 4 ¿ j .21,649 1,423,929 d.1093,132
T o t a l b o th Co.s
to ta l uoin i^u.s
..G ross. 3,289,078 2,919,238 41,559,777 35,610,494
747,428 646,643 12,734,840 7,420,588
■Seaboard & R oanoke.G ross.
N et...
a iion on^ A otiV n i
C ro ss .
©henandoan Yai.........«
6J>^6
35,991
7 1 .2 2 3
üef, 9 9 2
54,693
,59,990
5 4 ,3 1 5
3,900
9 0 2 ,8 6 2
129,316
ANNUAL REPORTS.
Delaware & Hudson Canal.
3,690
2,200
74,180
25.295
* N ot including royalties.
215,822
For the fourth week of 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.
1888.
XL\I.
-December.-J a n . 1 to D ec. 31.lr 8 6 .
1886.
1887.
1887.
Roads.
9
9
9
9
99,872 1,085,186
844,799
Tol. & Ohio Central. .Gross. 110,240
270,629
47,588
373,019
45,036
N et...
83,569 1,469,215 1,352,458
98,897
W est Jersey & Brohs.Gross.
503,274
15,756
492,957
N et... def. 3,968
,---------- October.-----------, ,— Jan. 1 to Oct. 3 1 — ,
1886,
1887.
1886.
1887.
$
9
$
Road.
$
161,418
196,611
19,852
20,242
E vansville & I n d ...
7,132
7,890
N e t...
639,229
78,303
738,161
68,728
E vansville & T. H .. .G ross.
344,374
36,664
387,685
34,233
N et...
672,662
716,546
80,693
80,859
Peoria Deo. & E vans.G ross.
337,244
334,985
39,209
N et...
45,797
M o n t h a n d F is c a l Y e a r .
,------- November.-------. <—Feb. Ilo Nov. 30.->
1887.
1886.
1885-6.
18e6-7.
Road.
$
9
$
9
Lake Erie & W estern. Gross. 172,646 146,633 1,737,435 1,497,104
60,617)
N et...
42,267
714,092
355,576
--------- December.----------»
-J u ly 1 to D ec. 31—
1887.
1886.
1887.
1886.
Road.
9
$
9
9
Louisville & Nashv.. Gross. 1,449,562 1,278,717 8,624,298 7,662,707
N et... 575,179 538,685 3,520,819 3,229,020
Northern P acific___ Gross. 1,181,773 899,665 8,407,166 7,342,295
N et... 472,996 383,708 4,131,585 3,970,126
Ohio & M ississippi.. Gross. 345,919 296,918 2,237,041 2,097,111
824,639
726,150
80,465
N et... 112,614
Pittsb. & W estern.. . Gross. 172,377 142,432 1,118,843
319,656
47,336
31,417
N et...
99,872
614,426
490,649
Toi. &OM 0 Central.. .Gross. 110,240
45,036
170,470
227,470
47,588
N et...
’ *’ 214
* Including Indianapolis & St. Louis.
4 th w eek o f J a n u a ry .
[V ol
7 4 0 ,6 5 4
116,659
( F o r the yea r en d in g D ecem ber 31, 1887.^
Last week the C h r o n i c l e published from manuscript oopy
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 years:
GENERAL BALANCE AT CLOSE OP EACH FISCAL TEAR.
1885.
1886.
1887.
1884.
$
$
Assets—
$
Canal....................., ............. 6,339,210 6,339,210 6,339,210 6,339,210
Railroad and equipm ent.. 6,468,684 7.134,018 7,257,329 7,276,629
Real e sta te .......................... 9,325,365 9,628,325 9,725,394 10,787,387
M ineim prov’ ts, flxt’ es, &c. 2,792,417 2,795,576 2,792,511 2,815,844
-----------934,856 1,007,821
893,723
Coal-yard, barges, &o........
790,779
Lack. & Susquehanna R R . 1,022,938 1.022.938 1,022,938 1,022,938
New Y ork & Canada R R .. 3,597,074 3,597,074 3,597,074 3,878,724
- - - - 300,000
300,000
300,000
Cherry Val. & Sharon R R .
300,000
59,972
59,131
59,972
Meehan. & Ft. Edw ard R R
51,928
212,993
212,993
211,765
Sehen. & Meohan. R R ___ _
211,527
332,652
649,905
183,697
892,804
Coal on hand Deo. 3 1 ........
861,729
404,864
330,737
Advances to leased lin es.. 1,502,789
756.040
766.149
720,055
Advances on coal royalties
698.125
Miscellaneous a ssets......... 3,372,061 2,740,040f2,586,396 *2,604,359
43,035
14,735
14,735
Telegraph and Car Co----43,035
Supplies,tools,&c.,on hand 1,611,254 1,185,028 1,135,412 1,200,174
3.964.939________________________
4,459.007 5 .2 5 5 .a i2
Cash and bills receiv ab le.. 2,823.813 __________
Total a ssets............4 1 ,8 4 0 ,8 0 4 41,656,642 42,461,213 44,017,310
Liabilities—
$
9
9
9
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 a ccou n ts...
778,072
812,002
694,392
651,134
Profit and loss......................................... 2,187,732 1,966,640 1,888,821 3,488,176
Total liabilities...................................41,843,804 41,656,642 42,461,213 44,U17,3lO
* These miscellaneous assets include the follow in g: Sundry bon ds,
*47,415; 6,500 shares A lbany & Susquehanna R R „ *650,000; 16 ,000
shares Rensselaer & Saratoga R R ., *1,600,000; sundry stocks, $306,944.
N ew Central Coal Company o f M aryland.
(F o r the yea r en d in g D ecem ber 31, 1887.^
The annual report of this company in circular form has the
following:
Tons.
Coal m ined in 1 8 87..........................................................................i f i ’ n fo J o
Cdal mined in 1 8 8 6 ........................................................................149,043 08
Increase................. ........................................................................
STATEMENT OF PROFITS FOR THE TE A R 1887.
1887. Dec. 31st, balance to credit o f coal account.................
Dec. 31st, coal on hand....................................................
Deduot amount paid for railroad freights, m ining, office and
shipping expenses, salaries, etc..................................................
32,862 08
*46 8,60 4
2,946
$471,551
432,883
Net earnings for the year.............................................
$38,668
Balance to credit o f profit and loss, Deo. 31st, 1886.
Deduct —
Dividend paid M arch 1st, 1887......... . ......... ..............
$252,684
50,000
$202,684
A dd—
38,668
Net earnings for the year 1887.
Balance to credit o f profit and loss December 31st, 1 8 8 7 ....
GENERAL BALANCE DEC.
$241,353
31, 1887.
A ssets.
$5 000,000
Real E state................... - .............................................................
75 ,574
Personal property at m in es.. . . . . . . . . --- - - •. .... .........................
2,500
Personal property at New Y ork and H ob ok en .. . . . . — . . . . . .
3,635
K oontz Barracks........................................... - ........... .............
6,000
Barges.............................................................................................. *
Cash in Trust Comp a n y . ...................... *.................v />k * a o
Cash in B ank........................................................ .........
«i?
102,521
Cash in Office..........................- - — ........... - .................
2,946
Coal on h a n d . — ........................................... 72,373
A ccounts u n collected .................................................
$5,265,551
THE CHRONICLE.
F e b r u a r y 4, 1888.]
L ia b ilities.
Capital stock...................................... , ..............................................$5,000,000
A ccounts unsettled.................................. - ............... - ........ .
23,288
Dividends unpaid............................................................... . ...........
910
Balance to credit o f profit and o s s ............................... j .............
241,353
____________
$5,265,551
GENERAL INVESTMENT NEWS.
Chesapeake & Ohio.— The proposed plan of reorganization
lias not yet been made public, but it is accepted as a fact that
Mr. M.*E. Ingalls of the “ Big Four” road will be president or
general manager of the company. Mr. Huntington has said
in reply to inquiries that the receivership will be necessary for,
say, six months or a year. General W ickham , the receiver, is
vice president, and he will retain that position in any event.
A ll 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. W ork on this
new line is slow just now because of the weather, but it can
be completed within 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 I llin o is — Chicago1^ In dian a Coal.—
The condensed income account of the ¿e two companies for
1887 is as follows:
O. A E. I.
R ailroad earnings......................
Earnings from investm ents...
$2,071,604
C .A I . O.
$436,500
78,015
171
Gross earnings.........
Operating expenses
1887.
$719,711
461,111
1886.
$643,057
41 9,94 2
Net in com e.........
Other in c o m e ...........
$258,600
26,175
$223,11523,876
Total in c o m e ....
F ixed charges..........
$284,775
181,583
$246,991
151,909"
S u r p lu s .............
$103,192
$95,082
Missouri Kansas & T exas.— The February interest on the
old consolidated bonds of this company dated 1871-73 waspaid on the 1st inst. The representatives of the Amsterdam
holders of these securities is here for the purpose of making a
thoiough investigation. Mr. Adolph Boissevain has appointed
Mr. R. V . Martinsen, of 43 Exchange Place, chairman of , a
committee to work in harmony with the Dutch committee for
the protection of the stock and bondholders.
New York & New E ngland.— New York & New England ’
earnings for the first quarter of the current fiscal year begin
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)4 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
figui es follow :
r-O ctob er 1 to D ecem ber 31.—,
1887.
1886.
Gross earnings...................... $1,344,205
$1,262,557
E xpenses.................... ...........
897,550
774,120
Net earnings................... v $446,655
$488,437
In crea se,
$81,648
123,430
d ec.$41,782
Pacific.— In the editorial columns of
the
C h r o n i c l e to-day will be found an analysis of the earnings,,
$2,071,604
Total receipts.......................
$514,515
1,253,000
Operating expenses and taxes
260,000 expenses and charges of this company for the hal-fyear
ending with December 31. The land sales in the six m onth»
Net receipts . . . ..... .................... .............
$818,604
$254,515 amounted to 187,134 acres for $670,316, and the total sales,
N et fo r both com panies............. ................... .
$1,073,119 including town lots, &c., to $830,144. On December 31, 1887,.
F rom w hich deduct interest, rentals and
the land notes or deferred payments outstanding were
sinking funds fo r both com panies........... .
766,681
$4,084,003, of which $1,075,348 was applicable to retirement
Earnings on their stocks...............................
$306,437 of preferred stock, $1,703,733 to Missouri & Pend d’Oreille
division bonds and $1,304,936 to the first mortgage bonds.
D etro it Lansing & N orth ern .— The directors of the De
Ohio R iver.— This railroad company makes the following
troit Lansing & Northern Railroad Company have declared a
dividend of 3% per cent on the preferred stock, payable Feb statement of earnings, expenses and net earnings for the year
ruary 15, 1888, making 7 par cent for the year. The summary 1887:
E a r n in g s —
of the company’s business for the year ending December 31,
P assenger___
$182,827"
1887, as presented at the meeting, shows in comparison with Freight...........
164,766
that for 1886 as follows:
M all.................
11,336
1887.
Gress earnings*.............................. $1,147,159
696,114
E x p e n se s.......................................
1886.
$1,226,536
727,818
N orthern
D ecrea se • E xpress......... .
$79,376
31,704
3,687
1,811
1,423
9,364
Telegraph___
Miscellaneous
M ileage...........
N et.......................... . ........ .
Interest on bonds..........................
$451,045
269,650
$498,717
265,085
$47,671
Ine. 3,664
Miscellaneous In terest................ .
$181,395
4,046
$232,732
$51,336
Dividends on pref. stoek, 7 p. 0 .
$177,348
175,700
$232,732
175,700
$55,383
Surplus......................................
$1,648
$57,032
$55,383
D ecem ber,
From the surplus of $57,033 in 1886, 3 per cent on common
stock was paid.
F lo rid a R ailw ay & N avigation.— A plan for the reorgani
zation of this company has been agreed upon, and Messrs.
W . Bayard Cutting, W ayne MacVeagh, E. N. Dickerson and
P . C. A . N. Van W e il are the committee who have under
taken to carry it through, and it will be submitted to bond
and stockholders in a short time. The Commercial B ulletin
reports that the above gentlemen had a conference with Simon
Borg & Co. in relation to the status of the “ A ” bonds under
the reorganization. The result of this conference was that
Borg & Co. were offered par and accrued interest at the rate
o f 5 ; er cent from January, 1885, for their $1,000,000 of bonds,
which offer it was decided to acoept. This, the officials of the
company say, removes every obstacle to a successful reorgani
zation.
The plan provides for a 5 per cent first mortgage at
the rate of $5,000 per mile, first preferred stock at the rate of
$3,000 per mile, and second p;eferred stock at the rate of
$8,000 per mile, besides about the same amount of common
stock as now exists. This arrangement will make a material
reduction ia fixed charges.
A n 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 p8r cent on both the common and the preferred stock. Mr.
Henning, now President of the company, says: “ The new
organization will be controlled by Mr. W\ Bayard Cutting and
his associates. It is understood that Mr. H. R. Duval, the
■present receiver, will be made President. I have sold, out my
interest, and shall retire from the company upon the comple
tion of the reorganization.”
1887.
Gross earnings.................................... .........$172,376
Operating expenses, taxes and rentals-.- 125,040
In dian a B loom ington & W e ste rn ,— Negotiations are in
progress now between this companv and the Cincinnati San
dusky & Cleveland for a new ba*is of consolidation. Nothing
has been concluded yet. The I. B. 6c W . was unable to carry
out its part of the agreement, owing to the Tact that the
company had to spend more money than had been expected.
Long Island R a ilro ad -— The report for the quarter ending
JDec._31, is as follows
Total....................
Operating expenses
$375,216
184,380-
B alan ce........................ ................................................................... $190,836
Pittsburg & W estern.— The statement for the month of
December, 1887, and for the six months, July 1 to Dec. 31, is
is as follows:
6 m os. to Dee. 3 1 1887.
$1,118,843
7 9 9 ,1 8 7
Net earnings........................................ .
Interest on bonded d eb t............ ................
$ 4 7 ,3 3 6
32,000
$3 19,656
194,000-
Surplus over interest.............................
$15,336
$125,656
Philadelphia & Reading.— The gross and net earnings for
December, the first month of the fiscal year, have been as
below given.
The net earnings of both companies aggre
gated $747,438 in December, 1887, against $646,643 ip Decem
ber, 1886.
RAILROAD CO.
,------------- D ecem ber. --------------,
1887.
1886.
Gross earnings...................................................
$1,715,656
$1,576,714
Operating expenses...........................................
922,024
008,422:
Net earnings.
....................................
$793,632
$668,292:
COAL & IRON CO.
,-------------- D ecem b er. ---------—.
1887.
1886.
Gross earnings.................................................... $1,573,422
$1,342,524
Operating e x p en ses.........................................
1,619,626
1,364,174
Net earnings................................................ •*loss.$46,204 loss.$ 21,6 50
♦For Decem ber the amount transferred to sinking fund was $47,024.
Texas & P acific.— According to the announcement laser
week made exclusively by the C h r o n i c l e the United States
Courts in Dallas and New Orleans have ordered that the salein the foreclosure suits against the Texas 6c 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 as to allow the company to execute the mort
gages required to carry out the contemplated reorganizationToe existence and conduct of the receivership are not affected
by the above orders, but will remain under Governor Brown’s
administration until wound up by further decree of court.
Gov. Brown stated tc an N. O. P ica yu n e reporter that theplan of reorganization will be carried out in the game manner
as if the foreclosure salts had been completed. The matter
was taken out of the courts by agreement of all the parties
< interested.
THE CHRONICLE,
172
INVESTMENT CIRCULAR OF CHAS. T. WING.
Number 91
IN V E S T M E N T S .
o f f ic e
OF
CHARLES T. WING,
18 W ALL STREET,
A . M. KIDDER & CO., BANKERS.
NEW YORK, February, 1888.
mmn
[VOL. XL\I.
rental equal to 9* on Stock and the interest on $438,000 7* and $668,000
5* Bonds; the principal o f the 5* Bonds being also guaranteed.
Price, 170 and int.
At 170, pays 5)4*.
PITTSBURG CINCINNATI A ST. LOUIS RAILWAY CO.
First Mortgage 7 per cent Bond.
Dated August, 1868, due August, 1900. Interest February and August,
at office Pennsylvania Railroad Co.
Authorized issue, $10,000,000—
denomination, $1,000, both Coupon and Registered,—outstanding,
$6,863,000—balance held in reserve to take up prior mortgages as they
mature—on 200 miles o f Road—Pittsburg, Pa., to Columbus, O., and
Cadiz Branch.
This Company is controlled by the Pennsylvania Company through
the ownership o f the m ajority of the Stock, and hence is part o f the
Pennsylvania Railroad system.
Price, 118)4 and int.
At 118)4, pays 5*.
NEW YORK A NORTHERN RAILWAY CO.
ST. LOUIS VANDALIA A TERRE HAUTE BAILBOAD CO.
First Mortgage 5 per cent. Gold bond,
Second Mortgage 7 per cent Bond.
Dated October. 1887, due October, 1937. Interest April and October, at
Dated March, 1868, due May, 1898. Interest May and November, at Third
'
office o f Company, 96 Broadway, N.Y. City. Issue, $l,;p),0M—d e a m
National Bank, N. Y . City. Issue, $2,600,000 ($1,600,000 guaranteed)—
ination $1000—ion 67 miles of road, from 155th street, New York City,
denomination, $1000,—on 158 miles Road—East St. Louis to Indiana State
-to Brewsters, including the branch to Getty’s Square, Yonkers—8 miles
Line—Leased at 30* of gross earnings to the TERRE HAUTE &
being double track, and also 11 miles o f siding. About $31,000 per mile
INDIANAPOLIS RAILROAD CO., for account of itself and the PITTS
— covering also equipment, depots, grounds, bridges (including that
BURG CINCINNATI & ST. LOUIS and COLUMBUS CHICAGO
over the Harlem River), and terminals in the city o f New York, cost
&
INDIANA CENTRAL R AILW AY COMPANIES, and their guar
ing in all over $13,000,000—(according to statement o f Railway to New
antee indorsed on each Bond, as follow s:
"York Stock Exchange when bonds were listed in December) on all of
w hich this is an absolute first mortgage, the amount o f which < ^ n o t
“ For a valuable consideration the Terre Haute & Indianapolis
Railroad Company, the Columbus Chicago & Indiana Central Rail
Joe increased, and being less than one-tenth o f its cost value. $600,000
way Company and the Pittsburg Cincinnati & St. Louis Railway
o f these bonds have been placed abroad, and only a small portion o f
Company hereby covenant and agree with the lawful holder o f the with
balance is still unsold.
,
,
. , . ,
The g™«u amount of this mortgage, covering, as it does, the right of
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
*
w ay into New York City, and property so largely in excess of its face,
the surrender and delivery of the same to them or their agent in the
which must decidedly increase in value each year, makes it one of the
city o f New York, purchase the said bond and interest warrants for cash
m ost desirable o f new securities.
at par according to the tenor and effect thereof, and when so purchased
Price, 104)4 and int.
At 104)4, pays 4%*
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
NEW YORK A LONG BRANCH RAILROAD CO.
thereof.”
The annual report for year ending October 31,1887,shows gross earnings
First Mortgage 5 per cent Bond.
$1,757,000—net earnings $644,933. The income at 30* of gross earnings
Dated January 16, 1883, due December, 1931. Interest June and Decem
Is
$527,101—leaving surplus after interest, expenses and taxes o f
ber. at office o f Central Railroad Co. o f N. J., 119 Liberty Street, N. Y .
$163,496.
Citv Issue, $1,500,000—denomination, $1000—on 38 miles road—Perth
Amboy to Bay Head Junction, N. J. Leased January, 1883, to CEN
Price, Guaranteed Bonds, 109)4 and int.
At 109)4, pays 5^4*.
TR A L RAILROAD CO. o f N. J . and PENNSYLVANIA RAILROAD
C O ., for 99 years, to be used jointly by them at a guaranteed minimum Cincinnati, Chicago, St. Lonis and Louisville City Bonds for sale at price
netting investor 4 to 5 per cent.
rental of $306,000 per annum over and above all expenses o f maintain«n ee. Stock pays 7*.
u
Prices of above Bonds subject to changes o f the market.
B onds may be redeemed after January 1, 1899, at 110 and accrued
interest; are guaranteed principal and interest by CENTRAL RAIL
R O A D CO. o f N. J., and endorsed as fo llo w s:
COLUMBUS & HOCKING COAL & IRON COMPANY.
“ For value received, the Central Railroad o f N. J. hereby promise and
guarantee the payment o f the principal and interest of the within
Messrs. John H. Davis & Co. have recently issued a circular
Bond, at the times and upon the terms and conditions therein specified,
as is fully set forth in the Mortgage given to secure the series o f Bonds regarding the bonds of this company which contains the fol
o f which this is one.”
lowing statements:
At 107, pays 4£4*.
F rice, 107 and int.
NEW YORK CENTRAL A HUDSON RIVER RAILROAD CO.
Debenture 5 per cent Certificate.
Dated September, 1884, due September, 1904. Interest March and Sep
tember, at office o f Company, 43d St. Station, N. Y. City. Issue,
$10,000,000-denominations, $1000, $500, $100, with provisions for ex
«hange into Registered Certificates, $10000, $5000, $1000, a direct obliga
tion o f the Company, which contains the following provision :
“ It is agreed w ith the holder hereof that in case the said Company
«hall at any time before July 1st, 1903, create any Mortgage on its pro
perty to secure the payment o f any Bonds or other obligation, the
Certificate o f this issue shall be included in such Mortgage and shall
have the benefit o f the security thereof as fully as such other Bonds or
obligations.”
price 108 and int.
At 107)4, pays 4D4*.
CHICAGO A EASTERN ILLINOIS RAILROAD CO.
First Mortgage 6 per cent Bond.
Dated September, 1877, due December 1907. Interest June and December
a t Fourth National Bank, N. Y. City. Issue, $3,000,000—denominations,
$1000, $500. $100, on 188 miles Road—Dolton, 111., to Danville, and
Branches—about $23,700 per mile..
Gross earnings for 1887 are................................................. $3,071,604 25
Operating expenses and taxes [December, estimated].. 1,253,000 00
Net earnings................................................................... $818,604 35
Annual h terest charge fo r this issue, $180,000. On June 1st, 1885, and
every six months thereafter, the sum o f $10,000 is paid over to the
Trustee of this Mortgage, ana is invested, with all accretions, in these
Bonds at the market price. This constantly increasing demand, and
the undoubted character o f this security, will surely and steadily en
hance its market value, until it reaches the plane o f the oldest and
best Investments.
u M l
• T r ic e , 116 and int.
At 116, pays 4%* ¡ S I
S ^
■*' 3 $
CHICAGO A NORTHWESTERN RAILWAY CO.
■
i|
General Consolidated Mortgage 7 per cent Gold bond.
Dated 1872. due December, 1902. Interest June and December, at Com
pany’s office, N. Y . City. Issueauthorized, $48,000,000—denominations,
4,1,000, $500.
Y he bonds o f this issue now outstanding amount t o ............... $12,348,000
A d d the amount paid into Sinking Fund, and canceled.........
1,034,000
Total amount issued.................................................. $13,367,000
T h e issue may be further increased for construction and
equipment purposes.................................................................
284,000
A fter which no further issue can be made, except by retiring
an equal amount of some other class o f bonds, which this
Company has previously issued, or has assumed the paym e n to f, which bonds amount, in the aggregate, to ............ 34,349,000
Limit o f this issu e.......... ......................................... $48,000,000
When this limit shall have been reached, the mortgage will become a
first lien upon all the lines o f Road. Equipments, etc., owned by the
Company, and upon the leasehold or other interest of this Company in
allth elin es o f road operated or controlled by it, at tha date o f this
mortgage.
i~» ■
Trice, 180)4 and int.
A t 180)4, pays 4)4*.
OSWEGO A SYRACUSE RAILROAD CO.
(Delaware Lackawanna A
| Western.)
J. Guaranteed 9 per cent. Stock.
% Issue, $1,320,4« 0—on 85 miles o f R o a d ; total track, 57.32 miles—Syracuse
to Oswego N. Y . Dividend, 4U>%, semi-annually, February and August
20th, at office o f Delaware Lackawanna & Western Railroad Co.,
N. Y. City. Leased February, 1869, during length o f charter and renew
a ls thereof to Delaware Lackawanna & Western Railroad Co., at
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 Blocking, Perry, Atheas and Yinton
counties, Ohio, upon which are located:—
17 active coal mines, with a capacity o f $2,000,000 tons per year.
5 large blast furnaces, with a capacity o f 70,000 tons per year.
689 dw elling houses, w ith a yearly rental o f $35,000.
10 stores, w ith a yearly business o f $300,000.
Personal property, consisting o f railroad cars, machinery, furnace
stock, merchandise and stores, iron ores, etc., etc., valued at over
$400,000.
^
_ . .
In addition, the com pany leases 1,207 acres o f coal land, m m ed upon
royalty.
To ascertain the actual cash value of the property, Messrs.
Davis & Co. sent two carefully-selected experts to make a
thorough examination and report, not only of the lands, mines
and furnaces, 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
methods and management, and which computed the low cash
value of the property at over three million dollars.
The economic advantages possessed by this company for
practical and profitable operation are shown in the following
extract from the report above referred t o :
“ In the examination of this large coal field no serious
natural difficulties were observed, and only such slight natural
difficulties incidental to and found in the most favorable
coal seams. The coal bed rests on a bed of fire clay, the floor
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
Fourth Pool of the Monongahela River region, where coal
can be loaded on board cars as cheaply as in the Hocking
Valley. After a partial examination of other property now
in operation in the Hocking Valley the conclusion is reached
that the advantages and facilities enjoyed by this company
for cheap mining are not excelled, if equaled, by any other
company engaged in the business.” *
BONDED DEBT, FIXED CHARGES AND INCOME.
Upon 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 6 per cent gold bonds, dated
January 1, 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 o f bonds, and on November
30,1887, had a surplus o f cash and available assets amount
ing 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
Central Trust Company, and the accumulations of this fund
THE CHRONICLE
F e b r u a r y 4, 1888. J
are to be applied to the redemption of these bonds, provided
they are 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
and bonds are listed at the New York Stock Exchange.
The charter and organization of the company, the proceed
ings resulting in the issue of these bonds, and the form of the
bond and mortgage, have been examined and approved by
Messrs. Davis & Co.’s counsel.
The company was formed, as has been stated, in 1888. The
following statement o f the results of operations since that time,
is a remarkably strong one:
173
z Commercial 'Himes.
COMMERCIAL
EPITOME.
F r i d a y N i g h t , 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
T otal bonded debt............................................................................... $1,000,000 00affecting finances and trade, but the opinion is general that
Annual interest charge..............................................................
60,000 00
Net earnings 13 m onths ending A pril 1 ,1 8 8 4 ............................
139,534 31the needed relief will come by and-by, and that nothing radi
“
“
year
“
“
1 ,1 8 8 5 ......................
100,542 96 cal will be proposed or carried, and the subject causes little
f*
“
U
“
«
1 ,1 8 8 6 ........................
160,418 49 uneasiness anywhere.
F“
“
“
“
“ 1 ,1 88 7......................
164,1220 00
The following is a statement of the stocks of leading articles
A verage net earnings per year fo r the fou r y ea rs...............
138,495 59
of domestic and foreign merchandise at dates given:
“
annual surplus over total amount o f present inter
est charges.......................................................................
78.495 59
Net earnings fo r nine months, A pril 1 to Dec. 3 1 ,1 8 8 7 ----132,753 11
1888.
or a surplus in nine months o f $72,753 11 over and
J a n . 1.
above the interest charges fo r the entire year.
The net earnings for December were $19,634, or nearly four P ork..............................................bbls.
14,488
Lard.........................
tcs.
18,932
times the interest charge for the month.
Tobacco, dom estic....................bhds.
43,442
The “ Hocking Coal ” is well known and in demand through Tobacco, foreig n ...................... bales.
40,576
out the W est and commands the highest price of any coal Coffee, R io .................................. bags.
170,802
81,056
west of Pennsylvania (except the “ Brier H ill” coal of north Coffee, other................ ............. bags.
mats,
Coffee,
Java,
&
o
......................
96,650
eastern Ohio, of which but a very limited amount remains S ugar...............
hhds.
3,530
unmined.) The mines of this company produced in 1885-6 S ugar............................... . ...... boxes.
None.
over 11 per cent of the total coal output of the State of Ohio. S u g a r ...................................bags, &c. 1,089,401
hhds.
None.
They are worked economically and easily. The mining plant M elado....................
Molasses, foreig n ......................hhds.
762
is in good working order. The furnaces are well equipped Molasses, dom estic.................... bbls.
1,800
and in full blast, making a good quality of iron. Am ple and H id es.............................................. No.
336,900
167,289
competing railroads ensure ready access to market.
The C otton.........................................bales.
26,071
osin.............................................bbls.
management is in the hands of experienced and judicious R
2,055
Spirits tu rpen tin e..................... bbls.
men.
560
bbls.
T ar..............................
8,700
After the most thorough investigation, Messrs. Davis & Co. Rice, E. I .....................................bags.
5.500
R
ice,
dom
estic...........................
pkgs.
recommend this bond as a safe and profitable investment.
Linseed........................................bags.
None.
Present price 97 and accrued interest, subject to advance Saltpetre..................................... bags.
13,000
without previous notice.
2,000
Jute butts.................................. bales.
6.500
Manila hem p............................. bales.
Sisal hem p................................. bales.
7,600
Broadw ay Railroad (N. Y. City).— The report of the Broad F lour......................... bbls. and sacks
186,860
1887.
Gross earnings............................, .........................$424,761
Operating expenses.............................................. 258,788
1886.
$432,200
245,155
N et earnin gs............................... ................... $164,973
F ixed charges.........................................................
97,282
$187,045
98,447
N et surplus...................... ...........; ..................
$67,690
$88,597
Covington & M acon.— The temporary receiver 'o f the Cov
ington & Macon road of Georgia has been discharged. The
trouble with contractors is now settled, interest on the bonds
has always been paid, and it is reported that Messrs. A lex.
Brown & Sons, of Baltimore, have contracted to take all the
.bonds, and the road will 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 4 % per cent.
O hio & Mississippi.— A t a meeting of holders of common
stock of this company, at No. 40 New Street, the following
committee was appointed to confer with preferred stockhold
ers, with a view to harmony of action. Louis C. Clark of
Clark, Dodge & Co., W . G. Dominick of Dominick & Dickerman, G. J. Witzlar of J. D. Probst & Co., Malcolm Campbell
o f Alexander Campbell & Co., and V an Brugh Livingston.
Mr. Livingston is chairman o f the committee.
P ittsb u rg Youngstow n & A shtabula.— This railroad com
pany has placed a mortgage for $4,000,000 on record at
Youngstown, Ohio. The mortgage is in favor of the Farmers’
Loan & Trust Company of New York as trustee. There are
now $1,500,000 first mortgage bonds outstanding upon the
property.
1887.
F eb. 1.
13,443
15,197
42,423
39,991
144,507
59,564
107,900
3,019
None.
1,242,084
None.
77
27,116
39,499
37,543
48,985
224,107
36,443
135,144
9,592
3,935
1,859,976
None.
571
5.000
355,400
245,800
16,388
2,445
908
8,440
7.000
2,000
320,300
247,188
27,570
2,514
1,153
9.500
5,300
None.
14.000
15.000
6.500
3.500
156,116
None.
12,750
25,000
16,926
8,959
212,941
The speculation in lard for future delivery was sluggish at
variable and unsettled prices early in the week, but on W ed
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.
Lard 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 was quiet at 7'80o.
for prime city, S'OÔQS’ iaj^c. for prime to choice Western,
8 ‘10c. for refined to the Continent and 8‘75c. for South
America.
D A I L Y CLO SIN G P R IC E S O F L A R D FU T U R ES.
S a tu rd ’ y . M o n d 'y Tuexd'y. W edn sd’y. T hursd'y. F r id a y
’y ..
....
....
....
....
....
7-76
7-78
7-85
7-90
7-95
8-01
7-72
7-76
7*79
7-85
7-90
796
7-86
7-86
7-91
796
8-01
8-07
7-76
7-76
7-81
7-86
7-92
7-98
7-99
7-99
8-04
8-09
8*15
8-21
8*02
8-02
8-07
8-13
8*18
8-24
Pork has been marked up 25@50c. per bbl.; new mes3 closes
fairly active at $15 50@$15 75. Pickled cutmeats also show
some improvement, with a good business to-day at 7%@7%<s.
for bellies. Other “ hog products,” as well as beef, butter and
cheese, show very little change.
The speculation in options for Rio coffee has been active at
widely fluctuating prices, in which, however, the deolines
exceeded the advances. To-day, however, there was decided
buoyancy, especially in the summer months, closing this
afternoon with sellers as follows for delivery in 1888:
February...................... 12*80o. I June ......... 12*45o. O ctober.......... . l l ’eOc»
M arch............................12‘75c. I Ju ly.....,..1 2 '1 5 o , Novem ber____ll*5 0 e.
April ..................... 1 2 ,65o. 1 August . . . . . . . l l '8 5 c . Decem ber ....1 1 *50o.
M a y ............................... 12"60o.| Septem ber.l l -70o.
.
w ay & Seventh Avenue Railroad to the N. Y . State Commis
sioners, for the quarter ended December 31, 1887, sh ow s:
1888.
Feb. 1.
Coffee on the spot has been more freely offered at lower
prices, but to-day was steadier; fair cargoes quoted 16o., with
sales of No. 6 at 14% @ 14% c.
Raw sugars have bsen dull owing to the stopping of many
refineries by what is known as the “ Sugar Trust,” and there
is a further decline in values. Quoted to-day at 4 % @ 5 o. for
fair refining Cuba and 5% c. for centrifugal, 96 deg. test, with
the latter in bond at 3 % @ 3 5-16c. Refined sugars are firmly
held. Molasses dull at 22J£c. for 50 deg. test. The tea sale on
Wednesday went off at steady prices.
Kentucky tobacco sold in «January to the extent of 6,071
he.
hhds. of which 4,283 for export. Closing prices are: Lugs
Sum m it B ran ch .— The approximate statement of the Sum light, 4 ^ @ 7 c ., heavy 4 % @ 6 % c .; leaf, light 6% @ 17c., heavy
m it Branch for the year 1887 shows: Gross earnings, $1,358,15c. Seed leaf was in moderate demand, with sales o f
000, increase, $623,877; all expenses, $1,225,000; increase, 1,200 cases.
$503,659; net earnings, $133,000; increase, $120,000; interest,
The speculation 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, $50,950, increase, $116,409,
the movement in copper, with sale3 at 16'55c. on the spot,
. W a rren & F ran k lin .— The coupons of the Warren & Frank 16*75c. for March, 16'850. for April and 16 70c. for June. Lead
lin Railroad, which have been purchased several times as they has declined and sold to-day at 4 ‘70c. for Feb. and 4 '6 7 ^ o . for
fell due by the Philadelphia & Erie Railroad, were paid Feb. 1 March and tin at 35*10c. for March and 33 85c. for April.
at the office of the Western New York & Pennsylvania road
Spirits turpentine closes quiet at 40J^@40)^c. and rosins at
in New York, The Philadelphia & Erie has transferred to $ 1 1 0 @ 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 coupons purchased by it as guarantor, and has and close quiet at 9Q%@90%c. W o ol is more active at full,
received the cash—about $250,000.
prices.
St. Joseph & St. Louis.— The St. Joseph & St. Louis rail
road runs from St. Joseph, Mo., to North Lexington, Mo., 76
miles. Previously to July, 1886, when it returned to the
control of its owners, it was operated under lease by the St.
Louis Kansas City & Northern Railroad. The road is now to
be sold, as reported, to the St. Joseph & Santa Fe, which is the
Atchison line between Atchison and St. Joseph. It was also
decided to change the name of the St. Joseph & Santa Fe,
upon the consolidation, to the St. Joseph Sc. Louis & Santa
T H E ! CHRONICLE.
174
COTTON.
[V oi, X IV I.
In addition to above exports, our telegrams to-night also give-
us the following amounts of cotton on shipboard, not cleared,,
F riday , P. M., Feb. 8, 1888.
T he Movement of the Crop , as indicated by our telegrams at the ports named. W e add similar figures for New Y o r k ,
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
week and 145,741 bales three weeks since, making the total
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 in
crease since September 1, 1887, of 97,245 bales._________ _______
R eceip ts at —
G alv eston .........
Indianola,<fcc.
N ew O rleans...
M obile................
F lorid a..............
S avan nah. . . . . .
Brunsw’k,& c.
C harleston.......
P ort R oyal,& c
"W ilm ington ....
WaSh’ gton, &c
N o r fo lk .......
W eStPoint,&c
N ew Y o r k ...
B oston .........
B altim ore. . .
Philadelphia,&c
Tues.
M on .
Sat.
F ri
Thurs.
Wed.
786
1,673
2,167
878
1,208
5,975
1,071
6,017
1,362
5,110
193
5,454
161
2,736
2,882
9,640
680
266
2,320
2,730
1,896
1,407
1,608
1,329
1,248
186
809
38
786
2,255
61
48
126
655
320
329
1,659
1,402
1,232
530
969
1,313
220
388
630
244
187
1,262
1,317
326
429
150
29
1,167
1,200
886
149
Totals this week 14,462 16,890) 21,459 15,603) 14.001) 16,253
98,668
For comparison we give the following table showing the week s
total receipts, the total since September 1, 1887, and the stock
to-night, and the same items for the corresponding periods of
last year.
; This
W eek.
Stock.
1886-87.
1887-88.
R eceip ts to
F eb . 3.
S ince Sep.
1 ,1 8 8 7 .
This
W eek.
S ince Sep.
1 ,1 8 8 6 .
7,217 601*331 12,260 653,334
G a lv e sto n . ..
Ind’nola,&o
New Orleans. 34,493 1,404,740 48,714 1,420,857
3,114 190,765
5,036 188,071
M obile___ . . .
21,113
255
22,044
367
F lo r id a .........
Savannah . . . 14,347 785,635 13,293 725,438
25,341
86
54,106
2,519
Brunsw.,&c
7,002 356,064
7,567 367,849
Charleston ..
14,978
105
12,015
459
P .B oyal, «fee
1,149 127,735
2,300 161,765
W ilm ington .
3,688
129
4,576
64
6,470 407,106 13,265 466,564
N o rfo lk .
8,722 424,763 14,417 277,533
70,767
2,465
49,378
2,816
N ew Y o rk —
63,249
6,273
56,830
B oston .......... j 1,674
44,065
6,769
22,527
3,107
Baltim ore . . .
24,901
1,457
20,891
1,510
1888.
1887.
35,724
67,572
370,142
38,756
75,259
379,339
30,341
.........
69,997
39,257
497
13,939
31,973
477
3,032
46,632
7,008
256,500
20,000
17,970
21,028
29,290
13,780
256,942
9,500
20,346
10,054
4,583,627 130,753 4,486,382 942,712 922,643
___________________________________
Totals . .
.j 98,668
N o t e .— 1,173 bales deducted from New Orleans as correction o f re
ceipts since September 1.
,
In order that comparison m ay be made with other years, we
R eceip ts a t —
1887.
18 88.’
1885.
1886.
1884.
1883.
Savannah . . .
Charlest’n,<fec
"Wilm’ gt’n, &c
N o r fo lk ....... .
W ’t Point, &e
A ll oth ers.. . .
7,217
34,493
5,036
14,347
8,026
2,364
6,470
8,722
11,993
12,260
48,714
3,114
13,293
7,107
1,278
13,265
14,417
17,305
11,481
50,879
6,289
14,715
7,654
2,380
14,376
4,692
9,952
7,583
37,353
7,139
10,504
7,318
1,194
7,391
3,676
7,627
11,301,
36,499
5,678
10,315
7,233
1,561
12,864
4,128
21,902
15,941
54,904
9,467
19,027
15,712
6.754
21,710
6.755
15,598
Tot. this week
98,668
130,753
122,418
89,785
111,481
165,868
Galvest’n, &c
New Orleans.
which are prepared for our special use by Messrs. Carey, Y a le
& Lambert, 24 Beaver Street.
On S hip boa rd, n o t clea red —f o r
Feb. 3, at —
L e a v in g
Stock.
Other
Great
F ra n ce.
F o reig n
B rita in .
Coast
w ise .
Total.
New Orleans.. . ;
M obile................
C harleston.......
Savannah .........
G alveston _____
N orfolk ..............
New Y o r k .........
Other ports___ _
18,191 18,232 22,209
4,000
None.
None.
3.500
3,100 None.
6,600
4,600
None.
3,847
2,772
None.
13,500 None.
1,300
900
3.500
2,400
3,000
10,000 None.
8,748
None.
500
3,100
5,035
1,700
None.
None.
67,380
4,000
7,100
14,300
11,654
16,500
6,800
13,000
302,762^
34,756
32,157
60,959
24,070
30,132
249,700
67,442
T ota l1 8 88.........
61,638
19,132
40,881
19,083
140,734
801,978
Total 1887......... 96,622
T o ta l18 86......... 101,427
21,690
18,283
43,300
65,252
16,318
17,559
177,930
202,521
744,7138 6 1,75 0
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 to a freer movement of the crop.
Disquieting political news from the Continent was also an
element of weakness, Monday was buoyant on a renewal of
speculative manipulation, in whioh the summer m onths
shared more freel as they had been relatively cheaper than,
the spring months. A decline on Tuesday was caused by an
increase in receipts at New Orleans, which induced many of
the bull party to unload. A decline at Liverpool on Wednes
day made a dull opening, with the early months lower, buton the renewal of speculation there was a quick rally, fol
lowed again by a turn downward under pretty full receipts
at the ports.
Yesterday Liverpoal further declined and
prices with us yielded a few points after a stronger openings
The fuller crop movement and some rumors regarding th&
forthcoming statistics of the overland movement caused many
bulls to lose confidence. To-day the opening was weak, b u t
a steadier closing at Liverpool and reduced poit receipts led
to a demand to cover contracts, and there was a quick recov
ery followed by an advance of a few points. Cotton on th&
spot remained quiet and unchanged until yesterday, when
there was a decline of l-16c. The market to-day was quiet
but firm at 10%c. for middling uplands.
The total sales for forward delivery for the week are 463,900
bales. For immediate delivery the total sales foot up this week
1,297 bales, including 10 for export, 897 for consumption*
390 for speculation and — in transit. Of the above — bale»were to arrive. The following are the official quotations fo r
each day of the past week— Jan. 28 to Feb. ?.
UPLANDS.
S a t . M ioa . ¡T u e « W e d
Th.
F r i.
Ordinary................................$ B>
Strict Ordinary.............................
Go< d O rd in a ry .............................
(Strict G>od Ordinary.................
Low M id d lin g ...............................
Strict Low M id d lin g ...................
Middling........................................
G ood M id d lin g .............................
Strict Good M iddling...................
Middling F a i r ...............................
7*3,« 71318 7*»10 71318
86ic 8 51S 8B16 |b16
9%
944
9%
914
9%
9%
934
9%
103ie 10318 10318 1 ° 316
lO^a 101« 101« 101«
10U 16 10 U !6 101« 16 i o n i «
101518 101°X6 1015i 8 1015i8
11316 11318 11316 11316
119i 6 11*16 ! 1 9i 6 119i8
123,6 12318 123ie 123,6
7%
844
93,8
9**16
1018
10*16
105a
10*8
1118
111«
1218
73*
844
93,6
9 1 1 ,»
1018
10*1«.
105a
S a t.
GULF.
M on T nes W ed
11*8
111«
1218
T h . F r i.
7*8
838
95,6
913,fr
1044
109,(4
10%
11
1144
115s
12%
T h . F r i.
O rd in ary ........ ...................... $ ®>
Strict Ordinary.............................
Good O rd in a ry .............................
Strict Good O rd in a ry .................
Low M iddling.................................
Strict Low M iddling.....................
Middling .......................................
Good M id d lin g.............................
Strict Good M iddling...................
M iddling F a ir ...............................
F a ir.................................................
STAINED.
7 15ie 71016 7 1B16 7 1516 7*8
8*16 8*10 8*16 8*16 83s
93s
93,8
933
938
93a
9«*18
9*8
9*8
9*8
9*8
1044
10B,6 10316 105l8 105.8
10®8 10»8 105s iosa 1O910
101318 101316 1013i8 1013 6 10%
l U i e H H e 11*16 11*16 11
115,6 11516 11518 115l6 11*4
1111, « * H * 111*16 11**16 115a
125i8 il2 o i8 12Bie 125.8 1244
Good Ordinary..................... $ lb.
The exports for the week ending this evening reach a total Strict
Good Ordinary...................
o f 102,385 bales, of which 78,767 were to Great Britain, 1,007 L ow M iddling.................................
to France and 22,611 to the rest of the Continent. Below are Middling .......................................
the exports for the week and since September 1, 1887,
73t
734
7%
7%
71116
8*16 8*ie 8*16 8*16 83s
93a
93s
93a
93s
9516
1044 1044 1044 10^4 103,8
S ince Sept. 1 4583,627 4486,382 4235,664 4216,777 4092,797 4485,815
Sat
M on T ues W ed
10*8
7 l* i*
83s
95,8
1Q3i 6
MARKET AND SALES.
Week Ending Feb. 8.
Exports
From Sept. 1,1887 to Feb. 3,1888
Exported to—
Great
Conti- Total
Great
B rit’n. France nent. Week, Britain. France
2,809
Galveston —
New Orleans.. 25,017
4,610
M obile.............
F lo rid a . ; ........
..
..... .
2,720
C harleston.. ..
Wilmington ..
7,840
N o rfolk ...........
W est Point,Ac 0,008
N ew Y o r k ...., 12,947 1,007
7,448! . . . . . .
B oston '...........
7,217
Baltim ore .. ..
P hiladelp’a’Ac 2,651
2,309
4,604 30,271
4,610
9,435
1,700
9,433
4,420
7,240
6,008
4,810 18,770
7,448
••Vu.
2,000 9,223
2/51
220,385 4,024
470,849 200,037
55,100
8,440
103,851 12,480
92,849 25,839
08,377 6,395
104,082
196,079
292,252 28,818
110:960
66,687 1,805
85,237
Continent.
Total.
74,818
280,198
299,227
961,084
55,108
3,449
214,322 390,153
149.411 238,099
37,035 112,407
1,075 196,057
1,082 107,741
150,801 405,800
1,990’ 112,056
24,604) 98,156
3,76.0: 38,987
1,007 22,611 102,585 1,910,250273,393
940,642 8,124,285
T otal 1886-7. 71.798' 19,712 89,527 131.037 1,921,749 418,988
782,498 8,128,235
T o t a l...........
*
78,707)
Include* export* from Brunswick.
The total sales and future deliveries each day during th©
w e e k are indicated in the following statement. For the con
venience o f the reader we also add a column which shows at a
;
#
SPOT MARKET
CLOSED.
Sat .:.
M on.
T u es.
Wed .
Thurs
F r i...
Q u iet...................
F irm ................... Q u ie t...................
Steady.................
Quiet » *i6 d ec..
Q u ie t.............. .
SALES OP SPOT AND TRANSIT.
E x
p o rt.
TÓ
Con- Spec- T ran Total.
su m p u P t’ n sit.
125
90
119
347
154
62
....
390
125
90
119
347
544
72
FUTURES.
Sales.
D eliv
eries.
66,300
87.900
84;000
66.900
65,100
93,700
1,297 463,900
....
10 897 390
Total. .........•
Tbe daily deliveries given above ar® actually delivered the day
rrevioua to that on w hich they are reported.
T he Sales a n d Prices of F utures ate shown by the
following comprehensive table;
H U E : CHRONICLE!
F e b r u a r y 4, 1888.]
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889,000
2,700
21,900
30,000
200
700
225,000
3,000
41,000
6,000
9,000
653,000
4,300
36,600
29,000
400
2,100
168,000
4,000
45,000
12,000
3,000
897,000
7,200
47,100
43,000
700
1,100
216,000
4,000
45,000
7,000
5,000
Total Continental stocks.........
339,500
304,400
376,100
Jt»
®
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Pi
Total visible s u p p ly ............ 2,970,429 3,274,271 3,030,085 2,981,849
P rice Mid. U pl., L iv e r p o o l. . . .
59i6d.
5^(1.
4i5ied.
6d
Price Mid. Upl., N ew Y o r k ....
lO ii^ c .
9 1ao.
93j6o.
ll^ o *
Kip’ The imports into Continental ports this week have been.
50,000 bales.
The above figures indicate a decrease in the cotton in sight
to-night of 303,842 bales as compared with the same date o f
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.
A t th e I nterior T o w n s the movement— that is the receipts:
for the week and since Sept. 1, the shipments for the week
and the stocks to-night, and the same items for the corres
ponding period of 1886-87— is set out in detail in the following
statement.
H
H
500 Feb. fo r Apr
700 Mar, fer June.
300 A pr. fo r May.
100 M ay fo r Aug.
BWt-itHhdWizi
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CDCOCDC5030CDHCOOCD^OC‘-00<Ü1<I03»
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•05 pd. to exch. 1,100 June fo r Aug.
•18 pd. to exoh. 100 Mar. fo r June.
•09 p<L to exch. 500 Feb. fo r Afar.
•03 pd. to exoh. 600 June fo r July.
T he V isible Su p p l y of C otton to-night, as made up by cable
and telegraph, is as foUows. The Continental stocks, as well as
those for Great Britain and the afloat are this week’s returns,
a m^501186^11611^ ^
European figures are brought down
to Thursday evening. But to make the totals the complete
■ i 'g W w ö iS 'S * . ?
.. £
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312,000
T otal Ame-iican................... 2,509,429 2,787,771 2,655,685 2,523,749
E a st I n d ia n , B r a z il, die.—
197,000 157,000 217,000
Liverpool stock.......................... 185,000
London s t o c k ..............................
28,000
12,000
17,000
37.000
Continental stock s.................... 127.000
99,500
65,400 104,100
India afloat for E urope.............
80,000
147,000 104,000
54.000
41,000
31,000
31,000
E gypt, Brazil, &c., afloat.........
46.000
I d jN
M M© M
9 ® o ©
The following exchanges have been made during the week:
T otal Great Britain stock .. 786,000
Stock at H a m b u r g . ......... ...
4,500
Stock at Brem en....... ............ .
43,300
23,000
Stock at Am sterdam .............. .
300
Stock at R otterd a m ............
Stock at A ntw erp.......................
900
Stock at H a v r e .......................... 184,000
2,000
Stock at M arseilles...................
Stock at B a rcelon a .................
46,000
Stock at G e n o a ..........................
4,000
Stock at Trieste..........................
4,000
£ cçeo 5
© eo-» ©
►
< M© H
:
Id :
CO
eo
¡5 © ®
® CÒ©
*^ *4©
e o o © 5?
œ ® o©
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OO H tOH H C« C/i CJ* H tf* C0
exoh.
exch.
exch.
exch.
1885.
860,000
37,000
T otal East India, & c........... 461,000
486,500 374,400 458,100
T otal A m erican.....................2,509,429 2,787,771 2,655,685 2,523,749
© o
* Iaoinoas sales in Beptem oer. 1887, io r September, 258,20 0; Bevtember-October, fo r October, 570,20 0; September-November, fo r No
vem ber, 481,60 0; September-December, fo r December, 1.027 400* sales
I n January for January, 1 8 89,1 ,600 at O^S-ai) 97.
t s r We have included in the above table, and shall continue each
w eek to give, the average price o f futures each day fo r each m onth. It
w ill be found under each day follow in g the abbreviation “ A v er ” The
average fo r each month fo r the week is also given at bottom o f table.
* Transferable Orders—Saturday, 10*60o.; Monday, 10*55e.; Tuesday.
10*50c.; W ednesday, I0*50o.; Thursday, 10 5 3 c.; Friday, 10 60o.
,15 pd. to
,1 9 pd. to
07 pd. to
*12 pd. to
1886.
636,000
17,000
Total visible s u p p ly ...........2,970,429 3,274,271 3,030,085 2,981,849
Of the above, the totals o f Am erican and other descriptions are as fo llo w s:
A m e r ic a n —
680,000 479,000 643,000
Liverpool s t o c k ................ bales 573,000
Continental stock s..................... 185,000
240,000
239,000 272,000
American afloat fo r E u r o p e ...
460,000 619,000
418,000 474 000
922,643 1,063,680
869,062
United States stock ................... 942,712
United States interior stock s..
343,525 302,128
436,697 255,587
United States exports to -d a y ..
5,192 24,000
19,308
10,100
cn©©cn
©
1887.
877,000
12,000
© © © © © C O © © epeo©<ç epeo©eo
ce ©Oeô CD©©© coco®cô côeôOcô
© © li* Wif* iS* 00<J <1 Ü«vJ <|
coco 5
H O
-i o © œ
HH
-3*3®«3
<1 CO
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5
h h o h
O C Q O
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si s
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© O © ©
ffi 4 © / 4
Ô 05 to
©ll^fco^
1888.
Stock at L iv e rp o o l...........bales1 758,000
28,000
Total European s to ck s___1,098,000 1,228,500
957,400 1,273,100
India cotton afloat for E urope.
80,000 147,000
104,000
54.000
Amer. cott’n afloat for Eur’p e . 460,000 619,000 418,000
474,000
Egypt,B razil,& o.,afltforE ’r’pe
41,000
31,000
31,000
46.000
Stock in United States p o r ts .. 942,712 922,643 1,063,680 869,062
Stock In U. S. interior tow n s.. 343,525
302,128
436,697
255,587
United States exports to-day.
5,192
24,000
19,308
10,100
a
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figures for to-night (Feb. 8), we add the item of exports fro m
the United States, including in it the exports of Friday only.
east
® p ® 2.
i S ì co ! "i?! co ! p ! to
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HCO©QOH©H©
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0
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©
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M O I M O lM H M O * !®
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m »M M
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s-s-s
œ©H©®w-JO><jO'fcoto©®ifc'(j»œoi©
to ü>*aw©n*0'MK)œo<wœw©œ©0'0'if>.
M*5
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<1Ol tf- tf*© © M
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•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 41,41”
bales m ore than at the same period last year. The reef*5'
the same towns have been 10,978 bales less than '
week last year, and since September 1 the re'* * •
towns are 105,117 bales more than for the bp
[Vol. XLTVI,
THE CHRONICLE.
176
Q uotations for Middling Cotton at Other Markets.— the week.
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.
CLOSING QUOTATIONS FOB MIDDLING COTTON ONF eb. 3.
S atu r.
10
G a lv e sto n . . .
N ew Orleans.
9 78
M obile .........
9 7s
Savannah . . .
9 7e
Charleston .. 10
W ilm ington . 1 0 l16
N o rfo lk ......... lO iie
B o s t o n ......... 10%
Baltim ore ... 103s®*3
10%
Philadelphia
10
A u g u sta .......
M em p h is___
9l3ie
St. L ou is.......
9 78
10
C incinn ati...
Louisville . . .
10
M on.
Tues.
10
10
9 78
9 78
9 78
97s
9 78
9 78
10
10
1 0 i16
10*16
lO iie
1 0 i16
10%
10%
10*2® ®8 lO-Hs®^
10%
10%
10
10
91316
91316
9 78
9 78
10
10
10
10
W ednes.
T hu rs.
10
9 7s
9 78
9 78
10
1 0 l16
1 0 i16
10%
lO *^ ® ^
10%
10
^
3ie
9 78
10
10
10
91316
9 78
9 78
10
10*16
10*16
10%
IO-Hj® ^
10%
10
9*3,6
9 78
10
10
F ri.
10
9*sie
9 78
9 78
10
10
10*16
10%
10*«
10%
9 78
9*3i6
9 78
10
10
R eceipts from the P lantations. — The following table
indicates the actual movement each week from the planta
tions.
The figures do not include overland receipts nor
Southern consum ption; they are simply a statement of the
weekly movement from the plantations of that part of the crop
which finally reaches the market through the outports.
Week
Unding—
D ec.
Jan.
“
»•
«
F eb.
30........
6 ........
1 3 .......
20........
27........
3........
Receipts at the P orts. St’fc at Interior Towns. Bec'pts from PlanVns.
1888-88 1886-87 1887-88|l885-S6 1886-8711887-88 1885-86 j1886-87[ 1887-88
189,852
140,829
108,488
110,310
134,804
122,418
236,618
159,044
142,915
155,884
132,531
130,753
188,824 543,557 443,565 493,883
159,308 526,501 423,252 461,804
145,741 513,993 389,745¡437,202
105,403 493,250 336,428 423,832
90,130 476,842 351,361'398,012
98,668 469,013 336,612 379,556
212,090 246,649 179,029
123,833 138,731 127,229
95,920 109.4C8 121,139
89,567¡132,567 92,033
117,896 117,464 64,310
115,089 116,0041 80,212
The above statement shows— 1. That the total receipts from
the plantations since September 1, 1887, are 4,939,358 bales;
in 1886-7 were 4,774,934 bales ; in 1885-6 were 4,688,827 bales.
2.— That, although the receipts at the outports the past week
were 98,668 bales, the actual movement from plantations was
only 80,212 bales, the balance being taken from the stocks at
the interior towns. Last year the receipts from the plantations
for the same week were 116,004 bales and for 1886 they were
115,089 bales.
A mount of Cotton in Sight F eb. 3.— In the table below
w e give the receipts from plantations in another form, and add
to them the net overland movement to Feb. 1, and also the
takings by Southern spinners to the same date, so as to give
substantially the amount of cotton now in sight.
1887-88.
1886-87. 11885-86. 11884-85.
R eceipts at the ports to Feb. 3 . 4,583,627 4,486,382 4,235,664 A ,216,777
Interior stocks on Feb. 3 in
355,726 288,552 453,1631 254,575
excess o f September 1 .........
Tot. receipts from plantat’ns 4,939,353 4,774,934 4,688,827 4,471,352
N et overland to Feb. 1 J . ......... 792,413 583,220 559,199 442,478
Southern consumpt’n to Feb. 1 240,000 194,000 164,000 144,000
The thermometer has ranged from 37 to 77, aver
aging 59.
L ittle R ock, A rk a n sas.— Telegram not received.
H elena, A rk a n sas.— It has rained on one day of the week,,
the rainfall reaching sixty-five hundredths of an inch. Thereis 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.
M em ph is, 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.— W e have had rain on three days o f
the wepk, the rainfall reaching thirty-one hundredths of an
inch. The thermometer has ranged from 19 to 58, averaging 40.
M obile, A la ba m a .— 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.
M ontgom ery, A la ba m a.— 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, A la ba m a .— Telegram not received.
A u b u rn , A la ba m a .— Telegram not received.
M a dison , F lorid a .— Telegram not received.
M acon, Georgia.— Telegram not received.
Columbus, Georgia.— Rain has fallen on two days of the
week to the extent of forty hundredths of an inch. The ther
mometer has averaged 50, the highest being 65 and the low
est 30. Rainfall for the month of January three inches and
thirty-four hundredths.
Savannah, Georgia.— The weather has been pleasant
during the week, with no rain. The thermometer has aver
aged 52, ranging from 35 to 73.
A u gu sta , Georgia.— The weather has been clear and pleas
ant all the week,
Average thermometer 50, highest 74 and
lowest 28. During the month of January the rainfall reached
four inches and twenty-five hundredths.
Atlanta, Georgia.— W e have had no rain all the week.
The thermometer has averaged 48, the highest being 66 and
the lowest 25.
A lb a n y, Georgia.— It has rained on one day of the week,
the rainfall reaching eight hundredths of an inch. Cotton ia
about all gone from this county and town. The thermometer
has averaged 53, ranging from 29 to 68.
Charleston, South Carolina.— There has been no rain all
the week. The thermometer has ranged from 34 to 69, aver
aging 50.
Siateburg, South Carolina.— A n inappreciable amount of
rain has fallen on two days of the week. Average thermom
eter 47, highest 72, lowest 27. During the month of January
the rainfall reached two inches and fourteen hundredths.
Columbia, South Carolina.— Rainfall for the month of
January two inches and thirty hundredths.
Wilson, N orth Carolina.— Telegram not receivrd.
The following statement we have also received by telegraph,
showing the height of the rivers at the points named at &
o’clock Feb. 2, 1888, and Feb. 3, 1887.
T otal in sight Feb. 3 . ............ 5,971,766 5,552,154 5,4 12,0 265 ,057 ,830
N orthern spinners’ takings to
Feb. 3 ....................................... 1,374,68211,162,107 1,215,956| 979,479
I t w ill be seen b y the above that the increase in am ount in sight to
night, as compared with last year, is 439,622 bales, the increase as
com pared with 1885-6 is 559,750 bales, and the increase over 1884-5
is 913,936 bales.
W eather Reports bT T elegraph .— A s received by tele*
graph to-ni^ht our reports from the South indicate that the
weather has been more favorable during the week, and that
marketing has made good progress.
Galveston, Texas.— W e have had rain on three days of the
week, the rainfall reaching one inch and sixty-eight hun
dredths. The thermometer has averaged 61, ranging from 47
to 64. During January the rainfall reached two inches and
fifty-eight hundredths.
P alestine, Texas.— It has rained on four days of the week,
the rainfall reaching one inch and fifty hundredths. The
thermom* ter has ranged from 40 to 70, averaging 57. During
the month o f January the rainfall reached six inches and fif
teen hundredths.
S an A n to n io , T exas.— Rain has fallen on three days of the
week, the rainfall reaching fifty-six hundredths of an inch,
Average thermometer 59, highest 70 and lowest 44. During
the month of January the rainfall reached one inch and
twenty-eight hundredths.
N e w Orleans, L ou isia na .— It has rained on one day of the
week, the rainfall reaching eighty-two hundredths of an inch.
The thermometer has averaged 52.
C o l u m b u M i s s i s s i p p i .— W e have had rain on one day of
the week, the rainfall reaching fifty-eight hundredths of an
inch. The theimometer has averaged 51, ranging from 30 to
<58. During January the rainfall reached five inches and sixtynine hundredths.
L elan d, M ississip p i.— There has been no rain all the week.
’The thermometer has ranged from 30 to r<3, averaging 55*1,
Greenville, M ississip p i.— Telegram not received.
Clarksdale, M ississip p i.— During the month of January
the rainfall reached four inches and forty-one hundredths on
Beven days.
Vicksburg, Mississippi,—There has been no rain during
F eb. 2 ,’ 88.
Feb. 3 ,’ 87.
F eet. I n c h .
F eet.
4
27
38
5
23
8
0
2
O
1
8
14
9
19
24
New Orleans.......
M em p his............
N ashville............
S hreveport.........
V icksburg...........
In ch ,
5
4
8
O
2
I ndia Cotton Movement from all P orts.— The receipts
and shipments o f cotton at Bombay have been as follows lor
the week and year, bringing the figures down to Feb. 2,
BOMBAY RECEIPTS AND SHIPMENTS FOB FOCE TEAKS.
S hipm en ts th is w eek.
S hip m en ts S in ce J a n . 1.
G reat
T ear Great C on ti
B r it’n. n en t. Total. B r ita in
1888 6,000 13.000 19.000
1887 1,000 16.000 17.000
1886 7.000 29.000 36.000
1885 4.000 14.000 18.000
18,000
18,000
17.000
15.000
C onti
n en t.
Total.
61,000
82,000
71.000
51.000
79.000
100,000
88.000
66,000
R eceipts.
This
W eek.
44.000
43.000
38.000
26.000
S in ce
J a n . 1.
153.000
209.000
178.000
111.000
According to the foregoing, Bombay appears to show^ an
increase compared with last year in the week’s receipts
of 1,000 bales and an increase in shipments of 2,000 bales, and
the shipments since Jan. 1 show a decrease of 21,000 bales.
The movement at Calcutta, Madras and other India ports for
the last reported week and since the 1st of January, for tw o
years, has been as follows. “ Other ports” cover Ceylon,
Tuticorin, Kurrachee and Coconada.
S hipm en ts f o r the w eek.
Great
B r ita in .
C on ti
n en t.
Total.
S hipm ents sin ce J a n u a r y 1.
G reat
B r ita in .
C ontin en t.
Toted.
Calcutta—
1 8 8 8 .........
1 8 8 7 .........
Madras—
1 8 8 8 .........
1 8 8 7 ... ...
A ll others—
1 8 8 8 .........
1 8 8 7 .........
3,000
4,000
1,000
4.000
4.000
7,000
9,000
4,000
4,000
11,000
13,000
Total all—
1 8 8 8 .........
1 8 8 7 .........
4,000
6,000
1,000
5,000
6,000
18,000
21,000
8,000
6,000
26,000
27.000
1,000
2,000
1,000
2,000
9,000
10,000
4,000
2,000
2,000
2,000
13,000
12,000
2,000
2,000
February 4, 1688.j
IR E
The above totals for the week show that the movement from
thdMmrts other than Bombay is 1,000 bales less than the same
w«m ?last year* For the whole of India, therefore, the total
shipments since January 1, 1888, and for the corresponding
periods of the two previous years are as follows :
EXPORTS TO EUROPE FROM ALL INDIA.
1887.
1888.
S hipm ents
to a ll E u r o p e
fro m —
B o m b a y ...........
A ll other ports.
T o ta l...........
T his
w eek.
S in ce
J a n . 1.
This
w eek.
1886.
S ince
J a n . 1.
This
w eek.
Since
J a n . 1.
19,000
5,000
79.000
26.000
17,000
6,000
100,000
27,000
36,000
5,000
88,000
25,500
24,0001
105,000
23,000
127,000
41,000
113,500
A l e x a n d r i a R e c e i p t s a n d S h i p m e n t s . — Through arrange
ments we have made with Messrs. Davies, Benachi & Co. , of
Liverpool and Alexandria, we now receiYe 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.
A le x a n d r ia , E g yp t,
F eb. 1.
1887-88.
Receipts (cantars*)—
This w eek___
Since Sept. 1
85,000
2,605,000
T his
S in ce
w eek. Sept. 1.
E xports (bales;—
To L iverp ool..............
To C on tin en t............
Total E u r o p e .........
\
4,000,193,000
2,0 00^ 08 ,000
1886-87.
1885*86.
80,000
2,547,000
65,000
2,493,000
This
S ince
w eek. Sept. 1.
T his
w eek.
5.000 194,000
6.000 97,000
6,000 174,000
4,000 99,000
S ince
Sept. 1.
6,000Ì301,000 11,000 291,000 10,000 273,000
* A cantar is 98 pounds.
This statement show that the receipts for the week ending
Feb. 1 were 85,000 cantars, and the shipments to all Europe
6,000 bales.
M a n c h e s t e r M a r k e t . — Our report received by cable to-night
from Manchester states that the market is quiet for
both yarns and shirtings.
W e give the prices for to-day
below, and leave those for previous weeks of this and
last year for comparison:
_______ _
.
1887-88.
32s Oop.
Twist.
d. s. d.
5 10% @ 7 3
3
2
71316- 8 7 16 5 9 ® 7 2
5
9
@
7
2
7 13I6 ~ 8 716
713i6-8716 5 8 13® 7 1*3
d.
Dec.30
Jan. 6
“ 13
“ 20
“ 27
Feb. 3
8*4 lbs.
S hirtin gs.
d. s.
®8«8
7 % ®83s 5 10T2®7
7 1316*~8716 5 9 ® 7
1886-87.
Oott’n
M id. 32s Oop.
Twist.
TJplds
d.
5%
d.
d. s.
7516®715x8 5
75i6@ 7l516 5
5®s 75i6®71516 5
55g
® 7 78 5
5% 734 ® 7 78 5
5»16 736 ®73t 5
f M
111
CHRONICLE,
834 lbs.
S h irtin gs.
d.
s. d.
8 ® 6 10
8 . ® 6 10
933®6 10*3
9*2®6 1033
9 1a® 6 103s
93^®6 1033
OotVn
M id.
TJplds
d.
514
fl«
534
B310
f51816
O v e r l a n d M o v e m e n t ,& c ., t o F e b r u a r y 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.
E u r o p e a n S u p p l y a n d C o n s u m p t io n . — B y cable we have
received the substance of Mr. Ellison’s annual first of January
cotton review, and in our editorial columns give the results
and some suggestions respecting them.
E a s t I n d i a C r o p . — From theBom bay Company’s (Limited)
cotton report, dated Bombay, Dec. 30, we have the follow in g:
Some rain has fallen in Bom bay during the last fe w days, and also in
parts o f the Berars, but not sufficient to affect the prospects o f the crop
fo r the worse. H eavy rain now w ould o f course seriously dam age the
quality o f 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 Dhollera districts, but no damage will
result unless it continues. A s 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 w ill probably
be larger than last year, as w ell as sawginned 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:
There is no change in crop prospects.
The quality o f the cotton
arriving in the Oomra markets shows some im provem ent on what has
been procurable hitherto, but the supplies are still disappointingly
small, and prices remain on a high level com pared w ith Bom bay or
Europe. Reports from the Broach and Dhollera districts continue very
satisfactory, and the Western, Compta and Dharwar crops are also
m aking good progress. Bengal cotton is arriving a little more freely
how; quality is satisfactory. W e regret to have to report that within
the last tw o days a sudden change took place in the weather, and rain
has fallen in most o f the Oomra districts. The rainfall has not been very
heavy so far, and should it clear up soon but little harm will result be
yond delaying arrivals somewhat.
J u t e B u t t s , B a g g i n g , & 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 ^ c . for l)^ lb ., 6cl
for l% lb ., 6 ^ c . for 21b. and 7c. for standard grades. Somq
inquiry is reported for butts, and sales are being made at 2%cl
for paper grades and 2 % @ 2 % c . for bagging qualities.
bales and pounds reported b y months b y the Bureau have been as
fi>llows :
B a les.
Septem ber.............. ......
O ctober...........................
N ovem ber.......................
D ecem ber.......................
800,304
764,804
651,754
A vera ge
Weight.
P o u n d s.
145,084,038
387,267,033
371,429,177
316,562,074
483-46
483-90
485-65
485-71
1,220,342,322
484-85
Total 4 m onths........ . . . 2,516,956
These totals show that the Governm ent’s average w eight was 48 4-85
Of course, from m onth to m onth som e revision is m ade b y the Chief o f
the Bureau o f Statistics, but as a rule it is very slight. This year, how
ever, in m aking the additions an error occurred during November and
December, the total bales being increased b y corrections 118,126 bales»
and the pouhds on ly 8,417,479, or a little over 77 pounds per bale,
w hich brought the aggregate figures dow n to the very low average of
46614 pounds per bale. The fact is, that only 18,000 should have been
added instead o f 118,000. Making this correction the total in the
Bureau’s last statement would be 2,535,082 bales containing 1,228,759,*
801 pounds, or an average w eight o f 484-70 pounds j?er bale, which, it
w ill be noted, differs Vefy slightly from the average indicated b y the
unrevised m onthly figures given above, and confirms the correctness of
our figures.
S h i p p i n g N e w s ,— The exports of cotton from the United
States the past week, as per latest m a il returns, have reached
111,105 bales. So far as the Southern ports are concerned, these
are the same exports reported by telegraph and published in
the C h r o n i c l e last Friday. W ith regard to New York w e
include the manifests of all vessels cleared up to Thursday.
T otal bale s.
Ne w Y o rk —T o Liverpool, per steamers City o f Berlin, 2,572
___ Germanic, 2 ,2 2 7 .... Lake Superior, 2,607___ Servia,
2 .6 5 3 .. . . W isconsin, 1 ,7 6 2 .......................................................... l l , 8 2 l
To Hull, per steamer Galileo, 675 ................................................
675
To Glasgow, per steamer Asia, 4 5 1 . . . ........................................
451
To Havre, per steamers La Bourgogne, 4 5 7 ... .Marsala, 550. 1,007
T o Bremen, per steamers Eider, 3 0 0 ___Saale, 5 0 ,....................
350
To Hamburg, per steamer Rugia, 1 ,0 0 0 .................................... . 1,000
To Amsterdam, per steamer Edam, 9 5 9 — ........... ...................
959
To A ntwerp, per steamer W estem land, 2,0 70........................... 2,070
T o Copenhagen, per steamer Slavonia, 1Ö 0...............................
100
T o Barcelona, per steamer Britannia, 33 7...................... ...........
337
Ne w Orleans —T o L iverpool, per steamers Bernard Hall, 6,003
. . . .Niceto, 4 ,9 0 0 ........................................................................... 10,900
To Havre, per steamer Tanearville, 6 ,1 2 2 ..................................
6,122
To Bremen, per steamer Escalona, 4 ,9 34___per bark Hera,
3,2 8 6 .................................................................................................... 8,220
To Barcelona, per bark Tafalla, 1,200...................... ............. .
1,200
To Passages, per brig San Prisco, 1,200...................................... 1,200
___pet
M o bile —To Liverpool, per steamer Propitious, 4 ,6 7 0
ship Mohur, 4^080................................................... ...................
8,750
Savannah —To Liverpool, per steamer Storra Lee, 4 ,3 9 3 .............. 4,393
To Barcelona, per steamers Marion, 5 ,5 8 2 ___Romanby,
4,450 ...p e r b a r k G y lle r , 1,350..............................
11,382
Charleston —To Havre, per bark Nellie T. Guest, 3 ,0 50....... ....... 3,050
T o Bremen, per steamers India, 3,9 0 0 ___Westergale, 4 ,1 5 0 ..
8,050
Galveston —To Bremen, per steamer Maritana, 3 ,6 90.................
3,690
T o Vera Cruz, per steamer W hitney, 1 ,2 4 6 ............ ...................
1,246
Wilmington —T o Ghent, per bark Marianne, 1 ,5 5 6 ........................ 1,556
No rfo lk —To Liverpool, per bark Maiden City, 3,3 18................... 3,318
W est P oint —To Liven>ool,per steamer Haverstoe, 6 ,4 1 8 .......... . 6,418
Ne w p o r t N e w s —To Liverpool, per steamers Duke o f West*
minster and R oxburgh Castle, 5 ,0 2 4 ............................
5,024
B altim ore —To Liverpool, per steamers Oranmore, 2 ,0 6 0 ....
Sarmatian, 1 ,9 0 5 .................................................................
4,025
To Havre, per steamer Panama, 2 1 0 ...........................................
210
T o Antw erp, per steamer Gothenburg City, 6 7 ........................
67
B oston —To Liverpool, per steamers Istrian, 1,323
Norseman,
1 .9 6 6 .. ..P alm yra , 2 2 2 . . . . ......................................................... 3,511
T o ta l...................................*............................................................... 111,105
The particulars of these shipments, arranged in our usual
form, are as follow s:
A m ster- B a rter
dam ,
Iona
H u ll
B rem . A n tw 'p , a n d
a n d Ghent (ê P asŸ era
L iv e r
and
p ool. Glasg'io. H avre. H am b. O openh. sages. Orus.
New Y ork . 11,821 1,126 1,007 1,350
N. Orleans. 10,903
6,122 8,220
8,750
M obile.......
Savannah . 4,393
Charlest’n .
3,050 8,050
G alv eston .
3,690
_
Wilmingt’n
N orfolk ___
3,318
W estPoint. 6,418
N ew portN . 5,024
Baltimore . 4,025
210
.......... . . . . . .
B oston.......
3,511
Total . . . . 58,163
1,1 261 0,38 9 21,310
3,129
.........
337
2,400
..........l ì , 382
.........
.........
...........
...................... i,2 4 6
1,556 ................... .
_...
r„. ' r_
.... ......
67
.. ..* *
......................
........................
4,75214,119
Total.
18,770
27,645
8,750
15,775
11,100
4,936
1,556
3,318
6,418
5,024
4,302
3,511
1,246111,105
Below we add the clearances this week of vessels carrying
cotton from United States ports, bringing our data down to
the latest dates:
G a l v e s t o n — F or L iverpool—Jan. 31—B alk Aphrodite, 2,309.
N e w O r l e a n s —F or Liverpool—Jan. 27—Steamer City o f Lincoln, 8,045.
For Bremen—Jan. 28—Steamer Martha, 4,054.
For Barcelona—Jan. 28—Bark America, 600.
M o b il e —F or Liverpool—Jan. 30—Steamer Charrington, 4,610.
Sa v a n n a h — For Bremen —Jan. 28—Steamer Amaryllis, 4,963.
Ch a r l e s t o n —For Liverpool—Jan. 27—Steamer Mayaguez, 2,720.
F or Barcelona—Jan. 27—Bark Umberto L , 1,700.
N o r f o l k — F or L iverpool—Jan. 27—Steamer Yorkshire, 5,500.
B o sto n —For L iverpool—Jan. 24—Steamer Michigan, 3 ,4 l6
Jan. 2 5 Steamer Bulgarian, 2,200__ Jan. 27—Steamer P a v on ia ,-------B a l t im o r e —For Liverpool—Jan. 28—Steamer Baltimore, 2,0 2 2 ___Jan.
31—Steamer Assyrian, 3,159.
F or Rotterdam —Jan. 28—Steamer Lero, 735.
P h il a d e l p h i a — For Liverpool—Jad. 26—Steamer Lord Gough, 1,391.
A v e r a g e W e ig h t o f B a l e s .—W e have had numerous inquiries this
Below we give all news received to date of disasters to ves
week regarding the difference between the average gross w eight o f bales)
o f cotton marketed to January 1 as given in the C h r o n ic l e o f January} sels carrying cotton from United States ports, &c.
7, and the average as shown b y the Governm ent statement lately issued.! M a d u r a , steamer (Br.), from Galveston for Liverpool, w hich arrived at
Newport News, Jan. 24, w ill discharge a quantity o f her cargo and
To rem ove the doubt we have made an exam ination and find that it is)
replace it w ith c o m fo r the purpose o f stiffening the ship.
sim ply a clerical error in the total o f the Bureau o f Statistics’ report fop
Novem ber and carried forw ard into Deoember. The m onthly figures o f »
C o t t o n fr e ig h t s t h e p a st w e e k h a v e b e e n a s f o l l o w s :
its
fflE
Wednes. Thurs.
Tues.
Mon.
Satur.
CHRONICLE.
Fri.
L iverpool, stteam d. % ® 964 % ® 964 % ® 964 % ® 964 % ® 904 % ® 964
....
....
....
....
....
....
Do
s a il...d .
®32
9S»
932
H avre, steam ___c.
932
®32
*32
....
....
....
....
....
Do
sa il......... c.
Bremen, steam c.
%
1132®38 1132®38 1132® % 1132® **8 1132®%
....
....
....
....
....
....
Do
sail....... c.
U32
n 32
Ham burg, steam c.
1X32
U 32
U 32
....
....
....
....
Do
s a il...c.
Am st’d’m, steam, c. 32 %* 30-32%* 30-32%* 30-32%* 30-32%* 30-32%*
....
....
....
....
....
....
D o via Leith.d.
Reval, ste a m ___d. 1364-1764 1364_1764 1364“ 1784 1384'1764 1384-1764 i304- n 64
....
....
....
....
....
D o sail..........d.
%
Barcelona, steam d.
%
%
732® % 733®% ‘%2'®%
789
782
Genoa, steam .. .d.
732
732
732
732
%
%
%
%
Trieste, steam . . . d.
%
%
7g4®%_
%
Antwerp» steam d.
764® % 764® % 764® % 764® %
* P er 100 lbs.
L i v e r p o o l .— B y cable from Liverpool we have the follow
ing statement of the week’s sales, stocks, «fee., at that port.
W e add previous weeks for comparison.
_______
J a n . 13.
Sales o f the w eek.............. bales
O f w hich exporters to o k —
O f w hich speculators t o o k ...
Sales A m erican ..........................
A ctual e x p o rt.............................
F o rw a r d e d ......... .......................
Total stock—Estimated............
O f which American—Estim’d
Total im port o f the w eek....... .
Of w hich A m erican................
Amount afloat............................
O f which A m erican............ ..
53.000
4.000
3.000
38.000
9.000
27.000
629.000
447.000
87.000
65.000
344.000
334.000
J a n . 20.
54.000
3.000
4.000
37.000
5.000
28.000
707.000
522.000
158.000
133.000
317.000
300.000
J a n . 27.
59.000
5.000
4.000
41.000
7.000
25.000
746.000
561.000
120,000
99.000
297.000
277.000
Feb. 3.
65.000
8,000
3.000
49.000
6.000
23.000
758.000
573.000
96.000
79.000
292.000
270.000
The tone of the Liverpool market for spots and futures each
day of the week ending Feb. 3 and the daily closing prices
of spot cotton, have been as fo llo w s:
S a tu rd a y M on d a y. T uesday.
Spot.
Market, ) In buyers’
12:30 P.M. £ favor.
M id.U pl’ds.
Mid. Orl’ns.
5 H l6
Spec. & exp.
8,000
1,000
5%
Easier.
Dull and
irregular.
5%
5 i i 16
10,000
1,000
5%
5 U 16
8,000
1,000
5»16
5%
12,000
1,000
Quiet at
1-64 decline.
Quiet at
1-64 decline.
F u tu res.
at
Market, \ Quietde12:30 P.M. j 1-64
cline.
Market, \
4 P. M.
Easy.
)
W ednes. T hu rsd’y. F rid a y .
Firm.
W eak.
Easier.
Fair
business
doing.
Good
demand.
5916
5%
10,000
1,000
5%
12,000
1,500
Easier at
1-64 decline.
Quiet.
Steady.
Steady.
More
disposit’n
to sell.
V ery
steady.
5?16
The opening, highest, lowest and closing prices o f futures at
Liverpool for each day of the week are given below. These
prices are on the basis o f Uplands, Low Middling clause, unless
otherwise stated.
u f - The p r ic e s a r e g iv en i n p en ce a n d 64 Ihs t h u s :
4 63-64 d „ a n d 5 01 m ea n s 5 l-64d.
S a t ., J a n . 2 8 .
filo n ., J a n . 3 0 .
4 63 m ea n s
T u e s ., J a n . 3 1 .
Open High Low. Clos. Open High Low. Cioè. Open High Low. Clos.
January....
J an.-Feb ...
Feb.-March
Mar.-April.
April-May..
M ay-June..
June-July..
July-Aug...
A ug.-Sept..
d.
538
538
588
5 40
5 41
5 43
545
5 47
6 47
a.
5 88
538
588
5 40
541
5 43
5 45
547
5 47
W ednes
d.
538
538
538
6 40
5 41
5 43
345
5 47
5 47
d.
5 88
538
538
540
5 41
5 43
545
£ 47
5 47
F e b . 1.
d.
537
5 87
5 37
530
540
5 42
544
5 46
5 46
d.
5 87
5 87
587
5 39
541
5 43
5 44
5 46
5 47
d.
587
587
6 37
5 89
5 40
542
5 44
5 46
5 46
d.
537
587
5 87
5 39
541
5 43
5 44
546
5 47
T h n rs . F e b . 2 .
d.
6 87
536
536
533
5 40
5 42
5 44
5 46
5 46
d.
691
5 36
5 36
5 38
5 40
5 42
5 44
5 45
5 46
d.
5 87
536
5 36
538
589
5 41
5 43
5 45
5 46
d.
537
536
536
538
6 30
5 41
5 43
545
546
F r i . , F e b . 3.
Open High Low. Clos. Open High Low. Clos. Open High Low. Clos.
d.
a.
d.
d.
February... 534 5 35 534 5 35
Feb.-March 5 84
5 36
5 38
5 40
5 42
5 44
Aug.-Sept., 5 44
S e p t.-O ct.. 5 45
Mar.-April.
April-May.
May-June..
Jun e-July..
July-A ug..
5 35
5 37
5 38
5 40
542
5 44
545
5 45
534
5 36
588
6 40
5 42
5 44
5 44
545
535
5 37
5 38
5 40
5 42
5 44
5 45
6 45
d.
585
5 35
5 37
538
5 40
542
5 44
5 45
545
d.
535
5 33
5 37
588
540
5 42
544
545
5 45
d.
533
5 83
5 35
5 87
5 39
5 41
543
5 44
544
d.
5 88
5 33
5 35
5 87
539
5 41
543
544
544
d.
533
5 33
5 35
5 37
5 39
5 40
542
543
543
d.
534
5 31
5 36
538
5 40
5 41
5 43
5 44
5 44
d.
538
5 83
535
5 37
539
5 40
542
5 43
543
d.
534
534
5 36
538
5 40
5 41
5 43
5 41
5 44
BREADS TUFFS.
F r i d a y , P. M., February 3 ,1 8 8 8 .
The market for flour and meal has been quite dull for the
week under review, and in some cases tne low grades o
wheat flour especially there is a lower range of values to be
quoted.
The wheat market has been depressed. On Tuesday the
lower prices led to some revival of export business, which was
continued, thougn less actively, on Wednesday, causing some
recovery in speculative values; but as the export business
fell off prices again gave way yesterday. Accouats from the
fail-sown crop are widely variaole, but leave little doubt that
[V
ol.
s l v i
it has been winter-killed to some extent. But the severity of
the winter is regarded as promising a favorable season for
spring sowing. To-day covering of contracts on foreign
accounts led to a dearer closing for futures, but business on
the spot was dull.
DAILY CLOSING PRICES OP NO. 2 RED WINTER WHEAT.
Sat.
February delivery.............. 90
March d e liv e r y ..... . . . . . . . 91%
April d e liv e ry . . . ................ 92%
May d e liv e ry .................
93
June d elivery__________ _ 92%
December d e liv ery ............ 95%
M on .
Tues.
Wed.
T h u rs.
89
90%
91%
92
91%
94%
89
90%
91%
92
92
94%
89%
90%
91%
92%
92%
95%
88%
89%
91
91%
91%
94%
F r i.
89%
90%
91%
92%
92%
95
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
the weather. The lower price, however, led to the renewal
on a moderate scale of shipments to Great Britain, giving on
Wednesday some recovery to prices. To-day the market was
dull and weak, the principal business being in steamer No. 2
mixed at 59}£@59*>£c. in elevator.
DAILY CLOSING PRICES OP NO. 2 MIXED CORN.
Sat.
M on.
Tues.
Wed.
T h u rs.
F ri.
60%
60%
60%
60%
60
61%
60%
60%
60%
60%
60%
61%
60%
61
60%
60%
61
61%
61
60%
60%
60%
61
61%
60%
60%
60%
60%
60%
61%
Oats have declined somewhat, the remoter options being
moBt depressed. The regular trade has been dull and opera
tions for the decline come from the bears with increased
force. To-day there was a further decline, but a steadier
closing.
DAILY CLOSING PRICES OP NO. 2 MIXED OATS.
February d elivery..............
March delivery......... . —
A pril d elivery.....................
May delivery..............- ........
June delivery.............
Sat.
M on .
Tues.
Wed.
T hu rs.
February delivery.............. 39%
March delivery.................... 39%
39%
May d elivery..................
38% 38%
39
38%
39% 39
39%
38%
39% 39%
39%
39%
DAILY CLOSING PRICES OP NO. 2 WHITE OATS.
Sat.
M on.
Tues.
Wed.
F ri.
38%
39
39%
T hu rs.
F ri.
February d elivery.............. 41%
March d e liv e ry ....... ........... 42
M ay d e l i v e r y .................. 42%
41% 41%
41%
41
41
41% 41%
41%
41%
41%
41% 41%
41%
41%
41%
Rye is scarce and held for extreme prices. Barley is very
firmly held, but buyers do not readily meet the views of sell
ers, and the same is true of barley matt. Buckwheat is dearer.
The following are the closing quotations:
FLOUE.
Flue................... $ bbl. $2 15® $2 60 Southern bakers’ and
fam ily b r a n d s ...... $3 50® $4 25
Superfine..................... 2 40® 2 90
Spring wheat extras. 2 70® 3 1 5 R ye flour, superfine.. 3 30® 3 60
2 30® 2 50
F ine...................... ..
Minn, clear and stra’t. 3 50® 4 40
Winter shipp’g extras. 2 75® 3 20 C om meal—
Western, &o............. 3 00® 3 25
Winter X X a mi X X X . 3 25® 4 25
B r a n d y w in e ........ 3 20® 3 25
P a ten ts................... . 4 1 5 ® 5 00
Southern s u p e r s ...... 2 70® 2 90 Buckwheat flour, per
1 0 0 lba................... . 2 1 0 ® 2 20
South’n com. ex tra s.. 3 00® *3 40
GRAIN.
W h e a tSpring, per b u sh ...
Spring No. 2 . . . . . . .
Red winter No. 2 .. .
R ed w inter......... .
W hite.......................
Com—West’n m ixed.
West’ n m ixed No. 2.
Western w hite.......
Western y e llo w ....
White Southern.. . .
Rye—
State & P a., $ bush.
Oats—M i x e d ..... . . . .
W hite........................
85 ® 94
No. 2 m ixed ......... .
88 ® 89%
No. 2 w hite.............
89% ® 90
Barley—
86 ® 93
Canada No. 1 .........
85 ® 93
Two-rowed State..
58 ® 61%
Six-rowed State.. . .
60 %® 61%
Milwaukee No. 2 ...
60 9 62
Malt—State, 4-rowed.
60 ® 62
State, 2 -r o w e d .....
... ® ....
Buckwheat.......... .
72 ® 75
37 ® 41
39 ® 45
38% ® 39%
41 % ® 42%
95
85
88
90
95
85
63
® 1 00
® 88
® 90
® 95
®100
® 90
® 65
The movement of bread stuffs to market is indicated in the
statement below, prepared by us from the figures of the New
York Produce Exchange. W e first give the receipts at Western
ake ana riv er ports, arranged so as to present the comps la rive movement for tho week ending Jan. 28, 1888, and since
August, for each o f the last three years:
Receipts at —
C h ica go.......
Milwaukee. .
T o le d o ........
D etroit.........
C leveland...
St. Louis......
Peoria..........
Minneapolis.
Tot.wk. ’88.
Same wk.’87.
Same wk.’86.
Since Aug 1.
1887-8.......
1880-7*.......
1885-0*.......
Flour.
Wheat.
Com.
Oats.
Barley.
Bye.
Bbls.H)6lbs Bush.60lbs Bush.56 lba Bush.32 lbs Bush.48 lbs Bu. 50 lbs
020,701
645,178
150,030
239,553
133,177
28,007
93,520
13,620
48,537
80,000
04,730
22,451
43,251
25,405
5,577
3,437
1,685
43,590
5,200
9,220
30,054
5,371
18,850
3,002
23,421
43,054
10,577
27
10,451
03,8x0
480,455
254,000
3,850
19,800
27,500
319,050
330,000
1,870
24,000
13,200
47.128
........
870,110
212,451
248,251
135,189
808,372
1,789,429
920,739
1,495,887
1,580,540
1,729,408
1,223,035
1,018,908
993,857
388,714
472,381
521,170
69,280
20.320
31.331
0,340,002 74,000.925 40,077,950 41,818,430 17,276,034 1,281,990
5,005,700 03,802,208 49.907,277 37,991,548 15,922,992 1,413,545
4,301,300 43,038,295 18,990,490 33,342,925 14,338,320f 2,157,419
* Include one week extra.
The receipts of flour and grain at the seaboard ports for the
week ended Jan. 28, 1888, follow:
A t-
New Y ork .........
Boston..............
Montreal.......... ,
Philadelphia...
Baltim ore........
Richm ond........
Norfolk, V a ....
New O rleans...
F lo u r,
bbls.
86,899
25,191
13,870
15,752
32,212
3,0o0
Wheat,
bush.
C orn,
bush.
30,250
18,390
[-24,600
13,729
16,225
80,252
131,260
45,093
11,605
45,675
Total week. 178,559
Oor. week 8 7 .. 315,512
229.121
799,246
56,851
37,534
4,010
155,618
B a r le y
bush.
R ye,
bush.
150,000 38,750
48,225 13,132
2,550
6,250
5 3 ,»0 4 11,400
17,700
18,936
Oats,
bush.
5,674
._
4,27u
3«
26,702
430,36 6 321,617 65,832
843,130 600,914 140,936
9,974
7,8 0 0
TH E C H ÎtO N iC lÊ .
f^ R U A R Y 4, 188ê.]
The exports from the several seaboard ports for the week
ending Jan. 28, 1888, are shown in the annexed statement:
E xp orts
fr o m —
Wheat.
B u sh .
New York
Boston. ..
Portland.
N. News Philadel.
Baltim’re
N. Orl’n s.
Richm’d .
Norfolk..
126,714
70,898
C om .
F lo u r.
Oats.
R ye.
P ea s.
B ush.
B bls.
B u sh .
B u sh .
B u sh .
163,265
62
73,373
39,551
51,428
94,285
96,902
10,267
64,958
1,017
2,686
1,973
.........
.........
Tot. w’k. 1.97,612¡ 405,942
S’me time
1887. .. 1,107,515 !l,008,116
189,166
1,973
204,913
1,626
.........
2,686
140,167
The visible supply of grain, comprising the stocks in granary
at the principal points of accumulation at lake and seaboard
ports, and in transit by water, Jan. 28, 1888 :
W heat ,
bush.
I n store at—
New Y o rk ............
D o afloat.........
A lb a n y ..................
B u flalo.................
*•
afloat...
C h ic a g o ................
“
a flo a t.,..
M ilw aukee...........
D uluth..................
T o le d o ..................
D e tro it.................
O sw ego.................
St. L o u i s ..............
Cincinnati............
B oston...................
T oron to.................
M ontreal..............
P hiladelphia.......
P e o ria ...................
Indianapolis.........
Kansas C ity.........
B a ltim ore.............
M inneapolis.........
St. P a u l.................
On M ississippi___
On canal
river.
Tot. Jan.
Tot. Jan.
Tot. Jan.
Tot. Jan.
Tot. Jan.
2 8 .’88
21, ’88.
29, ’87.
30, ’86.
3 1 ,’85*
Oats,
bush.
C om ,
bush.
7,937,238 1,709,273 1,537,106
136,500
78,100
76.700
2,200
71,998
2,093,109
317 0 -9
52,000
5,436,873 1,457,348 914,126
485,405
2,016,705
1,786
6,812,302
92,224
1,751,212
7,187
1,285,400
71,074
14,2u6
55,000
39,000
4,034,601 1,*95,3111,404,813
26,000
159,000 224,000
125,395
86,0«5 j 91,833
179,843
22,063
900
8,292
97,034
202,375
81,806
4*9,515
225,062
65,382
151,148 443,142
90,580
200,580 214,960
350,843
141,368 154,175
312,584
1,064,949
7,202,459
ó95,000
7,600
R ye,
bush.
B a rley ,
bush.
14,231
• 1,500
50,200
67,>s61
27,714
127,335
225,600
4)6.651
818 643
... 20* 496
48,928
192,423
13,326
6,163
900
7,196
32,000
2,421
3,193
4,050
16,698
71,630
490,5 >o
65,706
1 0,000
8,085
129,640
13,556
47,423
2,070
16,026
l,7 7 o
6,300
41,761,081 7.134.733 5.510.335
42.361.250 6,677,034 5,590,309
61,884,712 16,251,898 4,733,373
54,988.795 7,186,054 1,995,019
42,653.259 6,338,113 2,.,32,408
332.178
311,015
443,18.}
718,5r,9
511,253
2.99 >.7- 8
2,994,916
2.345,75
1,860,449
1,628,009
* Minneapolis and St. Paul not Included.
According to Beerbohm’s London cablegram, the amount of
wheat and corn on passage at the dates mentioned stood as
folio ws:
W eek e n d in g Feb. 1.
W eek e n d in g J a n. 25.
G ra in o n P assage.
Wheat.
To United Kingdom..qrs.
To Continent......................
1,412,000
126,000
331,000
53,000
1888.
Stock o f P r i n t C loths—
Held by Providence manuPrs..
Fall River manufacturers...
Providence speculators.........
Outside speculators (est).......
Total stock (pieces)............
307,000
71,000
200,000
40,000
24,400,000
J0MMC0J0
00030303
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THE DRY GOODS TRADE.
N e w Y o r k , Friday, February 3 ,1888.
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M£
00Si
oo5f
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1,082,898
828,881
524,486
347.632
480,950
C003mC0M
*403mM03
C3*4*4MtO
222,690
121.965
137,275
59,975
112,769
M M
. ©M
m<i ©M©CD<I
CD*1 Ojf*O<K0
to<i œ V o< f< i
to00 M<t©<lQ0
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637
507
279
461
9,327
OO
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03m 0*400 03tO
jm<i to 00 03^4^1
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842,035
833,482
582,536
392,993
317,148
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15,575,686 |
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M©CD©©
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3,264,847
12,310,839
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 W est Indies, 451 to South
America, 86 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
$962,527.
Of this total China has had 7,998 packages,1
to <1 O H -4GO
O CD H-1M CO
COMtO©M
m©©MC0
M© COtoLO
33,541
87,122
D o m e s t ic C o t t o n G o o d s , — The exports of
©©
Ow00
CD
Io
00
<1
00
00
©_
120,663
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 few out-of-town
retailershaving yet appeared in the market, but a satisfactory
package business in domestics, prints, lawns, white goods,
cotton hosiery, «fee., was done by a few of the large jobbers.
Large quantities o f dry goods, clothing, laces, millinery
gxids, «fee., were consumed by a destructive fire in this city,
and subsequently the stock of Barnes, Hengerer & Co., B u f
falo, was destroyed in like manner. The losses by these Ores
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.
406,000 1,593,000
Manufactures of—
W ool .....................
Cotton..................
S ilk .......................
F l a x ....................
MiscdSLaneous.........
12.640.000
11.760.000
192,000
2,968,194 11,211 654,674
11,341,184 9,935 2,659,224
Total..............................
20,000
20,000
462,000
481,000
325,000
825,000
I m p o r t a t io n s o f D r y G o o d s .
W eek end 'g W eek en d ’g A p r il 1 to
J a n . 28.
J a n . 21.
J a n . 28.
180,000
20,000
48.000
14,309,378!
Te United Kingdom...........
To Continent.......................
1885.
J a n . 31.
79,000
38,000
259,000
30,000
The importations of dry goods at this port for the week
ending Feb. 2, 1888, and since Jan. 1, and the sim e facts for
the corresponding periods of last year are as follows :__________
The exports of wheat from India for the week, year and
season are as below:
E x p o rts o f W heat fr o m I n d ia .
1886.
J a n . 30.
83,000
29,000
50,000
30,000
28,027
57,618
1,523,000 378,000
12.184.000 3.024.000
23.416.000 3.032.000
1887.
J a n . 29.
27,000
3,000
15,000
3,000
Prints were in good demand, and numerous makes have
advanced about 2*4 per cent. Printed sateens, lawns, badates,
gmgnams and whue goods were fairly active in movement
and demand, and prices continue very firm.
D o m e s t ic W o o l e n G o o d s . — 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 room 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, «fee. Fair-sized orders for
heavy cassimeres, suitings, worsteds, overcoatings, «fee , were
placed for future delivery, but spring weights were mostly
quiet. Heavy satinets were fairly active in some quarters,
and Kentucky jeans and doeskins ruled quiet but steady in
price. Jersey cloths continued in fair request by the manu
facturing trade, but cloakings were lighdy dealt in. A llwool and worsted dress goods were in moderate request, and
flannels and blankets were quiet as usual at this advanced
stage of the season, but a very fair business was done in
carpets.
F o r e ig n D r y G o o d s were in light and irregular demand at
first hand-«, and the jobbing trade was quiet. Large deliveries
of dress goods, hosiery, fabric gloves, «fee., were, however,
made by importers in execution of back orders and an im
proved business in foreign fabrics is confidently looked for as
soon as retailers begin to appear in the market.
C orn.
1,381,000
142,000
J a n . 28.
T otal ................. 1 2,657 580,877
Ent’dfor consumpt ¡20,354 2,707,003
1,538,000 384,000
12.304.000 3.072.000
23.336.000 2.936.000
W heat.
valued at $378,845; and 2,505 pacRages, valued at $171,481,
have gone to South America.
For the similar period of
1887 the exports to all ports reached 15,480 packages and
in 1886 were 19,538 packages. A t first hands the demand for
staple cotton goods was only moderate, but the movement on
account of former transactions was quite active, and the tone
of the market was very firm, many additional makes of brown
and bleached goods, quilts, flat-fold cambrics, silesias, «fee.,
having been marked up by the mill agents, while orders for
other makes not actually in stock are now accepted “ at
value” only. Operations on the part of exporters were more
liberal than for some time past, despite the recent sharp
advance in prices, and some very good orders (for future de
livery) were placed in this connection. Print cloths were in
good demand, and prices have advanced to 4o. for 64x64
“ spots” and “ futures to April,” with large transactions at
this figure. Stocks last Saturday and for the three previous
years w ere as follows:
Total on market... [23,011
Total quarters............
Equal in bushels................
Same week in 1887.. bush.
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THE CHRONICLE
\vcnkxxs auá
fP t t & t t jc i& I *
'g x o ì i t x s
K A N S A S C I T Y , RIO.
B AN K ER S,
NO.
35
CO N G RESS
STREET,
Worrit.
R ea Bros. &
C o .,
BANKERS AND BROKERS,
AND DEALERS IN FOREIGN EXCHANGE,
425 W o o d Street, Pittsburg, P a
m em bers
BO STO N.
MEMBERS OF TH E NEW Y O R K AND
BOSTON STÒCK EXCHANGES.
ALSO,
¡« ¿ .1 0 0 ,0 0 0
D ealers In m u n ic ip a l, S ta te , R a ilr o a d
a n d U n it e d S tates B o n d s .
This Company offers fo r sale at par and
accrued interest its
Irving A . Evans & C o .,
-
Him
P EN NSYLVAN IA.
MORTGAGE TRU ST 00 ., Brewster, Cobb
& Estabrook,
T o ta l
©ut o f
N E W E N GLAN D.
JA R V IS -C O N E L IN
C A P IT A L P A ID UP,
«
$ 1 ,0 0 0 ,0 0 0
SURPLUS, 1 0 0 ,0 0 0
R e s e r v e L ia b ilit y
* *
•
1 ,0 0 0 ,0 0 0
{VOU X L V Í
New York and Philadelphia Stock Exchanges.
Pittsburg Petroleum, Stock and Metal Exchange.
Private wires to New York, Boston, Philadelphia,
Baltimore and Washington.
W m . G . H opper & C o .,
BA N K E R SfA N D BROKERS,
BANKERS AND BROKERS,
S i x P E R CENT D E B E N T U R E S ,
payable half-yearly at the office o f TH E M ER
CANTILE TRUST CO., NEW YO R K .
These
Debentures run fo r Ten years, but w ith the
option o f redem ption at the end o f F ive years
T hey are direct obligations o f the Company
and are further secured b y an equal amount o f
R eal Estate M ortgages on im proved and pro
ductive R eal E state w orth from three to five
times the amount o f the mortgages, held b y THE
MERCANTILE TRUST CO., w hich under special
A rticles o f Agreem ent acts as Trustee fo r the
holders o f the Debentures. They are issued in
denominations o f $500, $1,000 and $5,000
These Debentures are a v ery desirable class
o f investm ents fo r Estates and Trust Fundsand fo r individuals and corporations desiring
an exceedingly safe investm ent, with a com ,
paratively high rate o f interest.
m o r tg a g e s o n R e a l E sta te in Kansas City,
and im proved farms in Kansas und Missouri,
at not to exceed 40 per cent o f the value, are
also offered investors.
W rite fo r further inform ation and references
to any one o f the com pany’s offices at
No.
53
Mil ls B u ild ing , 35 W a l l St ., N e w Y o r k .
P A I D - U P C A P I T A L , - - $ 1 ,0 0 0 ,0 0 0
Designated as a legal depository by order of
Supreme Court. Receive deposits o f 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.
THOMAB HILLHOU SB, President.
FREDERIC D. TAPPBN, Vice-President.
CHARLES M. JESUP, Secretary.
FOE SALE:
SECOND-HAND
R ailw ay
E quipm ent
W e o ffer th e a b o v e a t lo w p r ic e s fo r ca sh
o r on e a s y te rm s o r C a r T r u s t ) o r w ill
e x c h a n g e f o r g o o d se c u r itie s . W h e t h e r
y o u w is h to b u y , s e ll, o r t ra d e , It w i l l p a y
y o u to w r ite u s fo r lu ll p a r t ic u la r s .
THE NEW YORK EQUIPMENT C0„
(Successors to WALKLEY Sc CO.),
10 W A L L S T R E E T , N E W Y O R K ,
J ames I r v in e , Pres't.
L. V. Wa l k l e y . Sec’y
Trust Co.’s Stocks.
ALL OF THE
N ew Y o rk
AND
B ro o k ly n Companies’
BOUGHT AND SOLD BY
W M .
C .
N O Y E S ,
08 B roadw ay.
She my quotations o f Trust and Telegraph Stock*
in Daily Indicator and Saturday’s Evening Poet
City-
PHILADELPHIA.
MEMBERS OF BOSTON, NEW YORK AND
PHILADELPHIA STOCK EXCHANGES.
S to c k s a n d B o n d s B o n g k t a n d
In a ll m a rk e ts.
S o ld
Desirable SIX PER CENT W ATER BONDS and
other first-class securities for sale.
Jo s h u a W il b o u r ,
Ch a r l e s H . Sh e l d o n , J r
Be n ja m in A . J a c k s o n , W il l ia m B in n e y , J r .
W ilb o u r, Jackson & C o .,
BANKERS AND BROKERS,
N o. 52 W E Y B O S S E T S T R E E T ,
P R O V ID E N C E , R . I.
Dealers in Commercial Paper, Government and
other first-class Bonds and Securities and Foreign
Exchange.
Private telegraph wire to New York and Boston.
Swan & Barrett,
B A N K E R S ANP B R O K E R S ,
1 8 6 middle S treet,
P O R T L A N D , M A IN E .
Dealers in Government,State,Cbunty, City and Rail
road Bonds, Bank Stocks, 8cc.
Desirable Investment Securities constantly on hand
SO U TH E R N .
A.
L , Hartridge,
SAVANNAH,
Direct private wife to Green ;* Bate m an , New
York.
E . W . Clark & C o .,
BANKERS AND BROKERS,
N o . 3 5 S o u th T h ir d S t., P h ila d e lp h ia .
Railroad, Municipal and other desirable Invest
ment Securities for sale.
Transact a general banking business. Allow inter
est on deposits.
Members o f the Philadelphia and New York Stock
Exchanges, and connected by private wire with New
York.
P IT T S B U R G H ,
PA.
ESTABLISHED 1871.
W h itn ey & Stephenson,
BANKERS AND BROKERS,
N o . fit F O U R T H A V E N U E .
Oldest Pittsburgh members N.Y. Stock Exchange.
G A .,
W ESTERN .
SECURITY
BROKER.
Buys and sells, on commission all classes o f Stocks
and bonds
Negotiates loans on marketable securities.
New York Quotations furnished by private ticker
every fifteen minutes.
H . B. M orehead & C o .,
ATLANTA.
STOCK, BOND AN D NOTE BR OKE R S,
Hum phreys
H. B. M o r e h e a d .
Castlem an,
BROKER AND DEALER IN ALL KINDS OF
SECURITIES.
Bonds and Stocks bought or sold on commission.
Georgia and Alai ama Securities specially dealt in.
Correspondente—Tobey & Kirk and A.Dutenhofer,
New York.
References—Atlanta National Bank, Atlanta,Ga.,
and Fourth National Bank, New York.
C . W . Branch & C o .,
BANKERS AND BROKERS,
State Ba n k bu ildin g
R IC H M O N D , V A.
Private wires connectiüg with Washington, Baltimore, Philadelphia and New York.________ _______
W m. Fa ir l e y
N o . 5 1 W e s t T h ir d S tree t,
CINCINNATI, OHIO,
N.
W.
Harris &
C o .,
C H IC A G O an d B O S T O N .
D(INIno o f Counties, Cities, Ac., o f high grade a
DUINilo specialty. S end f o r D e s c r ip tiv e L is t a .
George
Eustis
&
C o .,
BANKERS
G I N O IN N A T V . O H I O .
T H O M A S B R A N C H de CO.,
BANKERS AND COMMISSION MERCHANTS,
R IC H M O N D , V IR G IN IA .
Circulars and information on funding the debts c
Virginia and North Carolina free o f cost; one-eight
percent charged for funding. Southern Railroa
and State and City Bonds bought and sold.
SO U T H E R N .
Wm.
Fisher &
Sons,
BANKERS,
A n d D e a le r s in G o v e r n m e n t s , S to c k s
a n d I n v e s t m e n t S e c u ritie s,
Opposite Second St.,
3 2 SOUTH STREET,
BANKERS AND BROKERS,
B A L T IM O R E !,
M D, ,
Members o f Baltimore Stock Exchange),
Have Western Union wires in their offices, by
means o f which immediate communication can bo
B A L T I M O R E !.
had with all commercial points in the country. Es
(INVESTMENT and SOUTHERN SECURITIES a pecial attention given to purchase and sale o f Vir
specialty,)
ginia Consols, Ten-forties, Deferred and all issues
Correspondence solicited and information fu r of the State, and to all classes o f Southern State
nished.
City and Railway Securities. Correspondence so
N. Y. Correspondents—McKlm Brothers St Co.
licited.
W ilso n , Colston & C o .,
Robert Garrett & Sons,
BANKERS,
No.
are requested to communicate their names to
J AMES B. FRY. Chairman Auxiliary Defense Com
mittee, second floor rear 4IW allj Street New York
28 South Third Street,
STR EET,
BOSTON.
K A N S A S C I T Y M O .,
N E W Y O R K , 239 B roadw ay;
L O N D O N , E N G L A N D , 95 Gresham Street.
M etropolitan Trust C o .,
STATE
7
SOUTH
S T R E E T ,
B A L T IM O R E ,
TRANSACT A GENERAL DOMESTIC AND
iFOREIGN BANKlNGlBUSlNE8S.fi*.
Augustus F loyd ,
42 P IN E STREET,
BBOKEB IN
IN V E ST M E N T S E C U R IT IE S .
N o B u s in e s s D o n e o n M a r g in s ,
THE CHRONICLE
February 4,1888.]
T il
CatmÄiatx anÄ Iprcjeifítt Satxkß atxÄ JÇatxfcjers.
CAN ADIAN .
F O R E IG N .
Bank o f M ontreal.
THE
[E STA B LISH E D 1 818.]
8 1 3 .0 0 0 ,0 0 0 G o ld
- 8 0 ,0 0 0 ,0 0 0 G o ld
C A P I T A I . P a id In SU RPLU S -
Hon. Sir DONALD A. SMITH. President.
W. J. BUCHANAN, General Manager.
N E W YO R K OFFICE:
The Bank of Australasia.
R ailw ay Share T rust C o .
(LIMITED),
NO. 4
R A N K
B U IL D IN G S
LONDON, ENGLAND.
N o », 59 & 61 W A L L S T R E E T ,
W A L T E R W A T S O N , i A ffe Ilt„
A l e x ’r L A N G ,
J A g e n ts.
U p , £ 9 T 1 ,3 6 0
S te r lin g .
Railways and other Corporations, either in the mat
ter o f payments o f Interest on Loans, Dividends on
Imperial Bank of Canada
C A P I T A L (p a id u p ), - - $ 1 ,5 0 0 ,0 0 0
SURPLU S, - - - - - - $ 5 5 0 ,0 0 0
H. 8. HOWLAND, Pres’t. D. R. WILKIE, Cashier.
H E A d O F F IO R
TORONTO.
BRANCH ES IN O N T A R IO .
Essex Centre,
Fergus,
Galt,
Ingersoll.
Niagara Falls. Toronto.
Port Colborne.
do YongeSt.Br.
St. Catharines. Welland.).
St. Thomas.
Woodstock.
BRA N CH ES IN NO RTH W EST.
Winnipeg.
Brandon.
Calgary.
t,
inL.9?d9n = 1 Agents in New York:
Lloyd’s Barnett s A Bos- jj^ k op Montreal .
arquet’s Bank, limited, I
, ,
Promptest attention paid to collections payable in
any part o f Canada.
Approved Canadian business paper discounted at
the Head Office on reasonable terms, and proceeds
remitted by draft on New York.
Dealers in American Cur’y and Sterling Exchange.
T h e M erchants’ Bank
OF CAN ADA.
Capital, Paid Up. ■ • • $5,799,200
R e s e r v e , ..........................., 1,700,000
HEAD
O F F IC E !, M O N T R E A L .
ANDREW ALLAN, Esq.. President. _
ROBERT ANDERSON, Esq., Vice-President,
GEORGE HAGUE. General Manager.
JOHN GAULT, Branch Superintendent.
BANKERS :
LONDON, ENG.—The Clydesdale Bank (Limited.)
NEW YORK—The Bank o f New York, N. B. A.
A general Banking business transacted. Letters
o f Credit issued, available in China, Japan and
other foreign countries,
N e w Y o r k A g e n c y , N o . 6 1 W a l l S treet.
HENRY HAGUE,
1 A<wmts
JOHN B. HARRIS, JR., 5
AGENCY
B
OF
a
n
THE
B A N K IN G C O R P O R A T IO N .
Paid-np Capital.............................................$7,500,000
Reserve Fund...... . ..............
3,900,000
Reserve Liability o f Proprietors............... 7,500,000
The Corporation grant Drafts, issue Letters of
Credit for use of Travellers, and negotiate or colleot
Bills payable at Bombay, Calcutta, Singapore,
Saigon, Manila, Hong Kong, Foochow, Amoy,
Ningpo, Shanghai, Hankow, Yokohama, Hiogo, San
Francisco and London.
A . M . T O W N S E N D , A g e n t , 5 0 W a l l S t.
or Registration o f Stocks in London, or otherwise.
Ifa rm
fjt o t a a ijp e s .
Cable Address—PAYY, L ondon .
THE AMEBIC ACT
INVESTMENT COj
R E G IS T R A T IO N OF
American Railway Shares.
G
THE ENGLISH ASSOCIATION OF AMERICAN
BOND AND SHAREHOLDERS (LIMITED) are
prepared:
1. To obtain Registration of American Railway
Shares in the name of the Association, lodge them
with the London & Westminster Bank, and issue
against the deposited Shares tbe Certificates of the
Association, countersigned by the Bank. The certi
ficates have coupons for dividends attached, and
upon presentation of the advertised coupon at the
office of the Association the dividends may be ob
tained tbe same day they are payable in the U. 8.
2. Or they will obtain Registration of Shares in
the name of the Association, deliver up the Shares
duly endorsed to the owner, and pay the dividends
at the office o f the Association in London the same
day they axe payable in the United States.
3. Or they will obtain Registration of Shares in
the owner’s name, and collect the dividends by
power o f attorney.
Under plan No. 1 British holders of American
shares are enabled when necessary to take immedi
ate combined action in voting, the power being used
by the Association on instructions from holders of
certificates representing shares in any particular
railway. This plan also affords absolute security to
lenders o f money on American shares, as Associ
ation certificates are only issued upon newly-verified
share certificates.
The original American shares can always be re
exchanged atshort notice, free of expense, on pre
sentation o f the Association’s Certificates at the
office.
The charge for registration and for the Associ
ation’s Certificates is 3d. per share.
SAMUEL POPE, Q. C., Chairman.
JOSEPH PRICE, Managing Director.
F. P. BAXTER, Secretary.
Nos. 5 and 6 Great Winchester St., London, E. C.
The Association acts as Transfer Agents in Lon
don for American Railway Companies, in conjunc
tion with the London agents of the Mercantile
Trust Company o f New York as Registrars.
Agents in the United States,
POOR & GREEN OUGH, 36 Wall St.
O
Blake, Boissevain & C o .,
LONDON, EN G LAN D .
k
(Incorporated bv Royal Charter, 1835.)
4 T k r e a d n e e d le S tree t, L o n d o n ,
Paid-np Capital,
£1,600,000
Reserve Fund, - - - - - - 800,000
Reserve Liability of Proprietors
under the Charter - - - - 1,600,000
Letters of Credit and Drafts issued on any of the
numerous branches o f the Bank throughout Ana.
tralia and New Zealand.
Bills negotiated or sent for collection.
Telegraphic transfers made.
Deposits received in London at interest for fixed
periods, on terms which mav be ascertained on anplication.
PRIDKAUX SELBY. Secretary.
H o n g K o n g & Shanghai
C a p ita l P a id
Buy and sell Sterling and Continental Exchange
and Cable Transfers ; grant Commercial and Travel
This Company undertakes the business o f Trustee
ers’ Credits, available in any part of the World!
issue drafts on, and make collections in, Chicago to Loans o f approved Railways, negotiates and
and throughout the Dominion o f Canada.
Issues Loans on the London Market, acts as Agent for
L o n d o n Office. N o . 2 2 A b c liu r clt L a n e .
ffm jje iô t x .
or
N e g o tia te Railway, State and City loans.
B r i t i s h N o r t h A m e r i c a , E x ecu te orders for Bonds, Shares, etc., on Com
mission, and transact a general Banking and
No. 52 W A L L S T R E E T .
Commission Business.
A Buy and sell Sterling Exchange and Cable Trans S p e cia l a tte n tio n given to the execution of
fers. Issue demand drafts on Scotland and Ireland,
orders for Securities on the New Fork, Lon
Iso on Canada, British Columbia and San Francisco.
don and Amsterdam Exchanges, in corres
■ C I R C U L A R NOTES issued in Pounds Sterling
available in all parts o f the world. C O M M E R
pondence with
C I A L C R E D IT S ISSU ED for use in Europe,
China, Japan, East and West Indies and the Brazils,
B L A K E B R O T H E R S & . CO.,
River Plate, Ac.
Bills collected and other hanking business trans
18 W a l l S tree t, N e w Y o r k ,
acted.
D. A. MOTAVISH.
3 8 S tate S treet, B o s t o n , M a s s ,
H. STIKEMAN,
( Agent«.
1 5 0 N a ssa u S treet, N e w Y o r k ,
T i Offer extraordinary inducements
■V
IN V E S T M E N T
in
S E C U R IT IE S
ALL GUARANTEED.
Assets, October 1st, 1887, $1,866,836 68.
Send for full information and references.
IN V E ST
T H R O U G H T H E SOUND
R E L IA B L E
AND
WESTERN FARM MORTGAGE CO.,
LAW RENCE. KAN.
F. M. P E R K IN S , Pres’t.
L. H. P E R K IN S . Sec.
P aid Up C a p ita l,
- 8 3 5 0 ,0 0 0
The choicest First Mortgage Farm Loans, also the
Company’s Ten Year Debentures, based upon its
paid up eapital and assets of over $650,000. No losses.
Eleven years’ experience, with absolute satisfaction
to over 1,500 investors. Send for circulars, forms and
full information. Branch offices in N. Y. City and
Albany. New York Office 137 Broadway.
C. C. HINE A SON. Agents.
Important Notice.
TO HOLDERS OF KANSAS HEAL ESTATE
MORTGAGES:
Send to HODGES & KNOX, TOPEKA, KANSAS,
for Free aiaphlet containing the compiled Laws o
Kansas relating to Real Estate Mortgages.
MINNEAPOLIS 6 PER CENT GOLD
DEBENTURES,
Q U A D R U P LY SECU RED.
SAFE AND MOST DESIRABLE SECURITIES
Send for circular or apply to
N E H E R & C A R P E N T E R , B a n kers,
TROY, N. Y.
Eastern Managers for Minneapolis Debenture and
Northwestern Guaranty Loan Companies.
Authorized Capital, $4,000,00^ • “ aid-up Capital,
0,000; Surplus, $50,701.
TH E
M I D D L E S E X B A N K I N G C O .,
MIDDLETOWN, CONN.
C a p ita l B lock , P a id u p , - - - - 8 5 6 0 ,0 0 0
S I X P E R CENT F IR S T M O R T G A G E
D E B E N T U R E BONDS
and mortgage notes guaranteed. Interest payable at
National Bank of the Republic, New Fork. Under
same supervision as Savings Banks. Chartered
1 8 7 3 . The amount o f outstanding obligation
L im ite d b y S ta tu te.
: _
Offices—Boston, 54 Equitable Building; New York,
11 Wail St.; Philadelphia, 512 Walnut St.
AND
F O R E IG N .
A D O L P H B O ISSEVAIN & CO.
A m s t e r d a m , H o ll a n d .
THE
IN V E S T O R S
[A G E N C Y
(M. L. SCUDDER, JR., PROPRIETOR,240 LA SALLE ST., CHICAGO ILL.
R e p o r t s C on cern in g lA ffa irs o f C o rp ora tion »
A n g lo - Californian Bank
(LIMITED).
L O N D O N , Head Office, 3 Angel Court.
BAN F R A N C IS C O Office, 200 Sans me St.
N E W Y O R K Correapondents,
J. & W. Seligman & Co.
R O S T O N Correspend’ts, Massachusetts N. Bk.
H einem ann & C o .,
62 Gresham House, E. C.,
LONDON.
S o licit accounts and agencies of Banks, Railways
Corporations, Firms and Individuals upon
favorable terms; also orders for the pur
- 1 ,5 0 0 ,0 0 0
- - 5 0 0 ,0 0 0
chase and sale of Bonds, Shares, &e., &c. on
the Stock Exchange.
Transact a general banking business. Issue Com
mercial Credits and Bills o f Exchange,available in ail In terest allowed on Deposits, subject to 60-days
parts of the world. Collections and orders for Bonds,
Sight drafts, at Bank of England rate, and
Stocks, etc., executed upon the most favorable terms.
one per cent below that rate subject to
FRED’K F. LOW,
)
demand
drafts.
IGNATZ STEINHART,) Managers.
Negotiate Railway, State and City^o^«,
? , N. LILENTHAL,.Cashier,j
A u t h o r iz e d C a p it a l,
P a id -u p C a p it a l, R e se r v e F u u d , - -
- $6, 000,000
RAILROJ jDS e s p e c i a l l y .
Large Library Railroad Documents,
Competent Experts
Confidential Reports,
Moderate Charges.
Send for circular.
A lb ert
Pearce,
1 6 & 18 B R O A D S T .,
6ROKER IS ALL KINDS OF INVESTMENT
BONDS, MISCELLANEOUS SECURITIES
AKD UEt'Af LTED BONDS.
QQRR 3 jp - A1 KNOB SOLICITS!),
THE
y i 'i
fjft u a t t jc t a l.
S
R . A . Lancaster & C o .,
BAN KERS,
No. 10 W A L L S T R E E T ,
NEW YORK.
DEALERS nr
INVESTMENT and MISCELLANEOUS
SECURITIES.
southern Securities a Specialty.
S T O C K S and
BONDS
A t A u ction .
The Undersigned hold R EGU LAR AUCTION
SALES, o f all classes of
STOCKS
AND
BONDS.
ON
W EDNESDAYS
AND SATU RDAYS
A D R IA N II . M U L L E R & SON,
NO. 1 PIN E STREET. N EW YORK.
IT. L . Grant,
N o.
1 4 & B R O A D W A S ,
NEW
YORK.
CITY RAILROAR STOCKS & BOND?
BOUGHT L ND SOLD.
R«e Quotations o f City Railroads in this paper
F . H . Sm ith,
BANKER
N o . SM» R R O A P
& BROKER.
«nr.. NRAV
YORK,
S p e c u la tiv e A c c o u n ts S o lic it e d .
Orders received in Stocks fo r large or small
amounts, either for cash or on margin.
Particular attention given to investments.
A ll issues o f bonds, either in default or other*
wise, carefully quoted.
TW E N TY Y E A R S ’ EXPERIENCE.
F. H . Sm it h , ) Members Consolidated Stock ano
8. W. Sm it h , ( Petroleum Exchange, New York.
E.
S.
Bailey,
51« P I N K S T R E E T ,
d e a l in g s in
I N S U R A N C E
A
STOCK»
S P E C IA L T Y .
Cash paid at once for the above securities : or the?
will be sold on commission at seller’s nntlon
R . T . W ilso n & C o .,
BANKERS AND COMMISSION MERCHANT*
2 ÏC V rn n n s 'i ’ r n n n
CHRONICLE.
TN
THE
%VLBUmUCt.
e p l .
C IR C U IT
COURT
T H E CEN TRAL TRUST CO.
OF N EW YORK, et al.,
Complainants,
vs.
T H E W A B A SH ST. LOUIS
& PACIFIC R A IL W A Y
COMPANY, et al.,
Defendants.
IN EQUITY.
No.
ORIGINAL BILL.
T H E FARM ERS’ LOAN &
TRU ST CO. as Trustee
under the Mortgage made
to It by the CENTER
V IL L E M O RA V IA & A L B IA R A IL R O A D CO.,
Oross-Complalnants. >CROSS-BILL.
vs.
T H E CEN TRAL TRUST CO.
OF NEW YORK
and
JAM ES CHENEY, et al.,
Cross-Defendants.
PUBLIC NOTICE is hereby given that in pursu"
ance o f a decree entered in the above-entitled cause
on the 22d day o f September, 1886,1, the undersigned
Standing Master in Chancery o f said Court, and
named in said order, will on the 29th day o f Feb
ruary, 1888, at the fron t door o f the building in
which the United States Courts are held in the city o f
Keokuk, in the State o f Iowa, make sale at public
auction o f the mortgaged premises em braced in said
cause, as an entirety without appraisement, and
without any right reserved on the part o f any person
or persons whomsoever to redeem the same, which
mortgaged premises are described in said decree as
also in a certain indenture o f m ortgage or deed o f
trust,dat ed the 6th day o f February,1880, executed by
the Centerville Moravia & Albia Railroad Company,
and by it delivered to the Farmers’ Loan & Trust
Company, as follows, viz.: A ll and singular tthe en
tire railroad o f the said Centerville MoraviaJA Albia
Railroad Company, extending from a junction with
the Missouri Iowa & Nebraska Railway Company,
in th e vicinity o f < enterville, in Appanoose County,
State o f Iowa, to a junction with the Central Iowa
Railway, in the vicinity o f Albia, in Monroe County,
Iowa, which was on the sixth day o f February, I860,
being built and constructed, and its franchises,
equipment, property, tools and interest, that is to
say, the lands, tenements, fixtures, goods and chat
tels, o f said Centerville Moravia & Albia Railroad
Company, its property rights, privileges, interests
and estate o f every description and nature, its rails,
ties, fences, buildings and erections, its right o f way,
cars, engines, tools and machinery, its rents, reser
vations, incomes, tolls and reversions o f every na
ture, including all the property o f whatsoever kind
or character which the said Centerville Moravia &
Albia Railroad Company then possessed or might
thereafter acquire, with the benefit o f all contracts
which said Centerville Moravia & Albia Railroad
Company had made or by assignment or succession
held, or might thereafter make or have, either in
law or equity, and the right o f all tolls, incom e, is
sues, profits and interests which might thereafter
accrue to the said Centerville Moravia & Albia Rail
road Company, from any source whatever, including
all the property acquired by said Centerville Mora
via & Albia Railroad Company, since the date o f said
mortgage.
By the terms o f sale in said decree prescribed, the
purchaser at said sale is required o f the purchase
price to pay not less than twenty-five thousand dol
lars in ca sh ; and on final settlement to pay In cash
such sum or sums as the Court shall hereafter direct
to m eet any claim as the Court may adjudge to he
prior In equity to the lien o f said mortgage, or deed
o f tru st; and any other payments which the Court
may adjudge to be necessary to be paid in cash, and
the balance o f the purchase price not required to be
paid in cash may be paid either in cash or in bonds
and over-due coupons, secured by said mortgage or
deed o f trust, to he received in payment at such
price or value as would be equivalent to the distrib
utive amount or share that the holder or holders
thereof would he entitled to receive thereon. In case
the entire amount o f the bid were paid in cash.
P. T. LOMAX,
Standing Master in Chancery o f said Court.
L
In S urplus (namely the excess
o f accumulated funds over liabili
ties), in P remium I ncome, in the
amount o f A ssurance in F orce, the
Equitable Life Assurance Society ex
ceeds every other life assurance com*
pany, and may be regarded as the
largest and strongest organization ol
its kind in the world.
Assets, January 1, 1 8 8 7 .. . . . $75,510,472.76
Liabilities on 4 per ct. basis.. $59,154,597.00
Surplus on 4 per ct. basis.. . $16,355,875.76
e,
1
.......»
New Assurance in 1 8 8 6 .... $111,540,203.00
Outstanding Assu ran ce.... $411,779,098-00
T H E
Provident Life & T ru st C o
OF
P H IL A D E L P H IA .
Incorporated Third Mo., 22d, 1865.
(C H A R T E R P E R P E T U A L .)
i l P I T A L . . ...................................$ 1 ,0 0 0 ,0 0 0
ASSETS, $19,472,860 02.
INSURES LIVES, GRANTS ANNUITIES, R BEIVES MONEY ON DEPOSIT, returnable on deuand, or on Which interest is allowed, and is empowred bylaw to act as EXECUTOR. A DM IN ISTRA
TOR. TRUSTEE. GU A RD IAN , ASSIGNEE, COM
MITTEE, RECEIVER, AGENT, etc., fo r the faithul performance o f which its capital and surplus
und furnish ample security.
All trust funds and investments are kept separate
jnd apart from the assets o f the company.
The incom e o f parties residing abroad carefully
collected and duly remitted.
SAM’L R . S H IPLE Y , President.
T . W I8 T A R BROW N, Vice-President.
A.8A S. W ING. Vice-President and Actuary
M ANHAT TAN
L IF E INSURANCE CO M PANY,
156 A N D 158 B R O A D W A Y , N EW YO RK .
Organized A . D. 1850.
TO JA N U A R Y 1, 1887.
Premiums received................
$31,748,115
Claims paid to policy-holders, returned
premiums, dividends, e tc......................... 24,966,759
Assets..................
11,310,068
DESCRIPTION—One o f the oldest, strongest, best.
POLICIES—Incontestable, non-forfeitable, defin
ite cash surrender values.
RATES—Safe, low, and participating or not, as
desired.
RISKS careful and selected.
PROMPT, liberal dealing.
General Agents and Canvassers wanted in desir
able territory, to whom permanent employment and
liberal compensation will be given. Address,
JAMES M. MCLEAN, President.
J. L. Halsey, 1st V.-Pres. H . B. Stokes, fid Y.-P res.
H. Y . W em 1» Secretar
S. N. Stebbins Actuary.
BUFFALO, N. Y .
8 .8 . J e w e t t , Pres.
The U nited States Life
Insurance C o .
IN T H E
W m . C. Co r n w e l l , Cash’r.
C IT Y
OF N E W
YORK«
This Bank has superior facilities fo r making Col
lections in and out o f the city on the m ost liberal
terms, and with careful attention to the best inter
ests o f its correspondents.
C o r r e s p o n d e n t s :—Importers’ & Traders’ Na
tional Bank and Chemical National Bank, New York;
Merchants’ Loan & Trust Co., Chicago; Union Bank
of London, London.
WE SOLICIT TH E AGENCY
OF
(ORGANIZED IN 1860.)
261, 262 & 263 Broadway, New York.
N A T IO N A L
BANKS
A t a C h a rg e o f $ 5 p e r A n n u m .
GEO. H . BURFORD, President.
P.
f r a j l b ig h ,
LIABILITIES.
T o t a l.................................................... $3,256,012 28
B. LOM BARD, J r ., President,
H . W . L. RUSSELL, A uditor.
W M . A . LOM BARD,
Secretary and Manager,
Now y o ik office, 150 Broadway, New York City.
ASSURANCE SOCIETY.
Capital....$ 3 0 0 ,0 0 0 1Surplus....... $ 2 5 0 ,0 0 0
RKSOPRCES.
Capital fully paid......................... « ....... $1,150,000 00
R e s e r v e .....................................................
150,000 00
Surplus........................................................
160,000 00
Undivided profits....................................
176,264 97
Dividend payable February 7th, 1888..
50,000 00
D ebentures................................................ 1,044,200 00
Principal paid by borrowers, awaiting
presentation o f m ortgages.................
100,341 00
Interest paid by borrowers, awaiting
presentation o f coupons.....................
64,245 80
Loaning funds, awaiting investment in
Lom bard Investm ent Company’s Se
curities. account o f Am erican and
I English clien ts.......................
360,960 51
E Q U IT A B L E L IF E
Bank o f Buffalo,
% a $ n x m itz .
O T 'T E M E N T O E T H E C O N D I T I O N O F
O T H E LOM BARD INVESTMENT COMPANY,
at the close o f business January 31,1888:
T o t a l........................................... . . . . . $3,256,012 28
THE
OF T H E
1 UNITED STATES In and fo r the Southern Dis
trict o f Iowa. Eastern Division.
N sw Y ork
Mortgages and bills receivable............. $2,599,854 00
Overdrafts.................................................
1,139 26
Expenses and taxes paid ......................
143,434 71
English consols and Penn. R R . sink
ing fund sterling gold bonds (at par)
8,700 00
Union Pacific first mortgage 6s (at par)
12,000 00
New York Central 1st m ort. 7s (at par)
10,000 00
Boston Concord & Montreal 7s (at par)
6,000 00
Delaware Lackawanna & W estern 1st
m ortgage 7s (at par)................. : ...........
10,000 00
U. S.
p ercen t bonds (at par)...........
75,000 00
Other stocks and b o n d s .........................
59,893 90
Cash with com pany’s bankers :
Martin & Co., London. Eng.; M aver
ick National Bank. Boston, Mass.;
^N ational Broadway Bank, New York;
Chase National Bank, New Y ork ;
Central National Bank. Philadelphia;
First National Bank,Kansas City,Mo.
330,990 41
[Y ou XLYI.
S ee.
W m. T.
in c r e a se in
In c r e a se
I n c r e a se
in
of
A. W
h e e l w r ig h t ,
St a n d e n ,
GREEN & CUNNINGHAM,
Aaa’t Sec.
Actuary.
A ssets o v e r - - - •
$ *■ 0 0 ,0 0 0
Ne w Bu s in e s s , - - - 4 0 , ‘ i c e n t .
B u sin e ss in F orce , - $ 2 , 4 0 0 , 0 0 0
POLLCIES INCONTESTABLE,
CLAIMS P A ID PR OM PTLY.
TEN D A Y S ’ GRACE.
ABSOLUTE SECURITY.
B e a l E sta te B r o k e r s
1405 F STREET, W ASHINGTON, D. C.
R eferen ce: H on. A . U. W y m a n . Ex-Treasurer
U. 8., Omaha, Neb.
J . 8 . A l e x a n d e r , Pres.
A .A . A l e x a n d e r , Cash’r*
Texas National Bank,
SAN A N T O N I O , T E X A S .
COLLECTIONS AND
INVESTMENTS M ADE.
Correspondence invited.
T h e m ost lib e r a l a n d e q u ita b le c o n tr a c t
c o n s i s t e n t w i t h r e c o g n i z e d b u s in e s s p r i n
cip le s ,
MERCHANTS* NATIONAL BANK,
GOOD AGENTS, desiring to represent the Com
pany, are invited to address '
. GAFFNEY,
Superintendent o f .A gencies a
Office,
Collections made on all Southern points on best
terms; prompt returns.
JOHN P. BRAN CH , President.
JOHN F, Gl e n n , Cash, FRED, R , Scott , Vioo-Pres.
R IC H M O N D , V IR G IN IA .
THE
F ebruary 4,183 .]
CHRONICLE
^ is c je H a tu e o u s .
fH ig jç je lla ttg g ttg »
% u sn m u t& .
Bliss, F a b y a n & C o .,
TH E
F ID E L IT Y & C A SU A L T Y CO.
OF N EW YO RK .
OFFICE OF THE
T
L
Mutua]
A
N
T
I
C
Insurance
C o .,
NEW Y O R K , January 2 4 ,1 8 (8 .
The Trustees, In conform ity to the Charter o;
the Company, submit the follow in g Statement
o f Its affairs on the 31st o f December, 18S7 :
Premiums on Marine Risks from
1st January, 1887, to 31st
Decem ber, 1 8 8 7 .................. $3,642,969 09
Premiums on Policies not marked,
e ff 1st January, 1887 ........*
1,417,600 13
Total Marine P re m ia rn e ..... $5,060,563 22
Premiums marked oft from 1st
Janaary. 1887, to 31st Decem
ber, 1887......................................$3,672 331 21
Losses paid daring the same
p e r i o d . . . . . . . . . . . . ............ .
$1.599,463 25
Retorne o f Premíame and E x
p e n s e s .............. . . . . . . . . . . . .
New York, Boston, Philadelphia,
N o s. 3 1 4 & 3 1 6 B R O A D W A Y .
SELLING AGENTS FOB LE AD IN G BRANDB
C A PITA L, $250,000.
ASSETS, about $650,000
Issues SU R E TY BONDS, guaranteeing the fidelity
o f persons in positions o f trust, such as employees o f
Railroads, Banks, etc., also Administrators, Guar-
B R O W N & B L E A C H E D S H I R T IN G S
A N D S H E E T IN G S ,
d Jssne* CACCIDENT ¿POLICIES,
A
IX
containing all
mAlso^?i?ATEe GLASS and BOILER POLICIES o f
..pproved form s.
. . ,,
Agents will, appreciate the advantage o f dealing
with a company which does m ore than one line o f
business.
OFFICERS.
„
W M .M .R iC H A R D S .P r e st. G e o .F .S e w a r d , V . - P r e s t .
Jo h n M. C r a n e , S e c .
R o b t .j . H i l l a s , Ass. Sec.
DIRECTORS.
Gleo. S. Coe,
A . B. Hull,
A . S. Barnes,
I. S.T.Stranahan, H A . Hurlbut, J.G.McCullough,
A. E. Orr,
J. D.Vermilye, T. S. M oore,
G. G. Williams, John L .R ik er, J. Rogers Maxwell,
W m . M. Richards,
Geo. F . Seward.
B o n d s o t S u r e ty s h ip .
NO
O TH E R
B U S IN E S S .
The Guarantee
OF NORTH
Co.
Brinckerhoff, Turner
& C o .,
Manufacturers and Dealers In
C O T T O N SAIL D U C K
And all kinds o f
JOTTON CAN VAS, FELTING DUCK, CAB
COVERING, BAGGING, RAV E N S DUCK, SAIL
TW INES, AO., “ ON TARIO” 8EAMLE8S
BAGS, “ A W N IN G STRIPES.
AM ER IC A.
Also, Agents
Cash Capital.............................. ..........................
Assets and Resources over.............................. ww.w«
Deposit with Insurance D epartm ent.............. seo.oor
President:
V ice-P resident:
Si r a l x x . T. G a l t ,
H on . J a s . F e r r ie b
Managing D irector: Ed w a r d R a w l in g s ,
N EW YO RK OFFICE:
NO. I l l
PRINTS, DENIMS, TICKS, DUCKS. A '
T o w e l s , Q u ilt s , W h i t e G o o d s & H o s ie r y
D rills, Sheetings, etc, fo r E x p o rt T rad e.
BROADW AY.
D. J . TOMPKINS, Secretary.
N e w Y o r k D i r e c t o r s —Joseub w . Drexel, F. P.
Dicott, Logan C. Murray, J.E.'Pulsford, John Paton,
E. F. W inslow, Erastus Wiman W . Butler Duncan.
U N IT E D 8 T A T E S H U N T IN G CO.
full supply, all W idths and Colors, always In st*ok
N o . 1 0 9 D u a n e S tree t.
Crenshaw &
COMMISSION M E R C H A N T S,
v ie . ere o f the Cotton, Coffee and Produce Exoh’s
$7c8 (4 6 38
The Company has the follow ing Assets» viz.:
United States and State o f New
Y ork Stook, City, Bank and
$8,622,565 00
other Stocks......... ........
Loans secured b y Stocks and
oth e rw ise .................................. 1,559,100 00
Real Estate and Claims due the
Company, estimated a t . . . . . . . .
474,439 88
Premium Notes and B ills Re
c e iv a b le ...........................
1,362,986 0 /
Cash in B a n k . . . . . . . . . . . . . . . . . . . . .
218,192 40
A m ount.................................... $12,237,283 35
JO H N
II.
C L ISB Y &
CO.,
COTTON BUYERS,
m ONTGOM ERV,
»TT-RCT» * «V O V T l \ V
HOMta
AGENCY OF
THE
HAXALL CRENSHAW CO.,
R IC H M O N D , V A .
ALA.
tand&rd Brands o f Flour fo r Shipment to Warm
Climates always on hand.
t
ORIENT GUANO MANUFACT’G CO.,
O R IE N T , L . I .
SECURE B A N K VAULTS,
Standard Superphosphates.
SULPHUR MINES COMPANY
OF V IR G IN IA .
H igh Grade Pyrites fre e from Arsenic.
W E L D E D C H B 0 HE STE EL AN D IRON
in Round and Flat Bars, and 5-ply Plates and A ngle
BIX P E R CENT INTEREST on the outstand
ing certificates o f profits w ill be paid to t . e
holders thereof, or their legal representatives,
on and after Tuesday, the 7th o f February n e x t.
THE OUTSTANDING CERTIFICATES of
the issue o f 1 8 (3 will be redeem ed and paid to
the holders thereof, or their legal representa
tives,on and after Tuesday,the 7 ,h o f February
next, from w hich date all interest thereon w ill
cease. The certificates to be produced at the
time o f paym ent and canceled.
A D IV ID E N D OF F O R 1Y P E R CENT is
declared on the net earned premiums o f the
Company, fo r the year ending 31st December,
1887, for w hich certificates w ill be iss .ed on
and after Tuesday, the 1st ofaM ay next.
B y order o f the Board,
B A G G I N G .
W A R R E N , JONES A
Cannot be Sawed, Cut or Drilled, and positively
Burglar-Proof.
CH ROM E STEEL W O R K S ,
Cir c u l a r s F r e e .
M a n u fa c tu r e r s ot
P u r e J u t e * B u g g in g ,
IMPORTERS OP
IR O N
CO TTON
Jo h n L . Bu l l a r d .
S3ugene R. Cc^fie,
AND
P R IN T E R .
Supplies Banks, Bankers, Stock Brokers and Corpo
rations with complete outfits o f Aooonnt Books and
Stationery
.. .
.
t r New concerns organizing will b are their order,
oromptly executed.
No. 1 W IL L IA M
STREET,
'H AN OVER ROT7 A RE.1
Hen ry H.
COTTON COMMISSION MERCHANTS
N EW YORK.
ALSO
R A G G IN G
AND
JOHN D. JONES, President.
W. H. H. MOORE, Vice-President.
A. A . RAVEN, 2d Vice-President,
France.
GENERAL TRANSATLANTIC CO.
B e tw e e n N E W
Y O R K and
HAVRE
T IE S ,
Copeland &
134 P E A R L
Direct Line to
IR O N
(FOR BALIN G COTTON).
Advances made on Cotton Consignments and Special
Attention given to purchase and sale o f FU TU RE
CONTRACTS OF COTTON.
COTTON
T l i U S*T K E .S i
w heeler.
Bullard & W h eeler,
Geo.
j& lje a m ö M p s .
Charles P. Burdett,
H enry E. H awley,
Olias H. Marshall,
James G. De Fort st
Charles D. L evejich
John L.Riker,
George Bliss,
A nson W. Hard,
N. Denton Smith)
Isaac Bell,
Edward Floyd-Jones,
Thomas Maitland,
Ira Bursley,
Jam es A. H ewlett,
G eorge H. M acy,
Law rence T um ure.
T IE S .
B R O O K L Y N , N. Y .
ESTABLISHED 1855.
S T A T IO N E R
«R A T Z ,
S T . L O U IS , H o .
FOR SAFES, VAU LTS, &C.
«1» H . C H A P M A N , Secretary.
J. D. Jones,
W. H . H. Moore,
A. A. Raven,
James Low ,
Wm. Sturgis,
Benjamin H. Field,
Josiah O. Low ,
Edmund W. Corlies,
R obert B. M lntum ,
William Degroot,
Horace Gray,
William E. Dodge,
John Elliott,
C. A. Hand,
John D. Hewlett,
William H. Webb,
W isn er,
16 A 1 8 E x c h a n g e P la c e , N e w Y o r k ,
C o .,
BROKERS,
STREET, NEW YORK.
Dennis Perkins &
C o .,
COTTON BROKERS,
1 3 5 P e a r l S treet, N e w Y o r k .
Orders fo r 8pot Cotton and Futures promptly
From Pier (new) 48, North River, fo o t o f Morton St
LA CHAM PAGNE, Traub........ Sat., Feb. 4,11 A m !
L A NORMANDIE, de Kersablec, Sat., Feb.11.5 A.M.
L A GASCOGNE, Santelli......... Sat.. Feb. 18,10 A.M.
Travelers by this line avoid both transit by English
railway and the discomforts o f orossing the Channe
In a small boat.
„ , „
P r ic e o r p a s s a g e (Including wine):—T o H a vreFirst cabin, $100 and $80; second cabin, $60; steerage, $22—Including wine, bedding and utensils. R e
turn tickets at much reduoed rates. Checks onBanque
Transatlantique, Havre and Paris,In amount to suit.
PYPcn+°<1.
S p ecia l T r a i n f r o m
iJoseph clllotts
H a v re to
P a r la
The Compagnie Generale Transatlantique deliver»
at Its offloe In New York special train tioketa from
Havre to Paris. Baggage checked through to Paru
without examination at Havre, provided passenger!
have the same delivered at the Company’s dock In
Sew York, Pier 42 North River, fo o t o f Morton St.
at least tw o horns before the departure o f a steamer
L O U IS D E R E B I A N , A g e n t,
N e . 3 .B -» r l l a f Girts i
_________ ___
A Strassburger. B.W.Btrassburger. Leo.ritrasaburger
Strassburger & Sons,
N o . 1 6 C o m m e r c e S t .,
ALA..
M O N T G O M E R Y ,
D E A L E R S A N D BROKERS IN BONDS, STOCKS
a n d m is c e l l a n e o u s se c u r i t i e s .
STEEL-PENS
I
I GOLD MEDAL PARIS EXPO SITION-18 7 8 . i
1 TH E MOST PERFECT OF PENS 1
THE CHRONICLE,
X
W
Ï F e b r u a r y 4 ,1 8 8 8 .
Cxrttira.
o t t o u .
g ^ is jc je lla t u e jo t t s .
W alter T. H a tch .
Nath91 W. T. H atch.
W oodw ard & Stillm an,
W . T . H atch & Sons,
MERCHANTS,
Post Building, 16 & 18 Exchange Place,
NEW
a t t e n t io n t o o r d e r s t o r
tor
I N M A N , S W A N N & Co
YORK.
LOANS MADE ON ACCEPTABLE SECURITIES.
S p e c ia l
F u t u r e D e l iv e r y
H e n r y P . H a tch .
A rth u r M. H a tch .
COTTON MERCHANTS,
branch
O
a
i W
Personal attention given at the EXCHANGES to
the purchase and sale of STOCKS and BONDS for
cash or on margin.
DEPOSITS RECEIVED—subjeot to oheok at sight
—with Interest upon balances.
Special attention paid to INVESTMENTS ana
accounts o f COUNTRY BANKERS.
Co n t r a c t s
Co t t o n .
op
BANKERS,
14 NASSAU STREET, NEW YORK.
N ew f o r k ,
COTTON. A L L GRADES, SUITA B LE TO W AN TS
OF SPINNERS,
_____________O f f e r e d
on
T
e r m s to
s u it
.____________
W illia m s, Black & C o .,
H ubbard, P rice & C o .,
WILLIAM
NEW
STREET,
NORFOLK
C O T T O N , G R A IN ,
P R O V IS IO N S , C O F F R E ,
STO CK S, P E T R O L E U M ,
ORDERS EXECU TED
L
& Co.,
New Orleans, La.
ehm an
Co.,
.M ontgomery, Ala.
, St e r n
Lehm
LEHM AN
C otton
an
, Du
rr
A
B R O S .,
F actors
AND
C O M M IS S IO N
M ERCHANTS,
No. 40 EXCHANGE PLACE,
M E M B E R S O F T H E O O ITQ N , C O F FE E A N D
PRODUCE EXCH ANGES.
U p -t o w n O f f i c e . N o . 204 C h u r c h S t r e e t ,
N ew
Y ork,
Cotton Brokers & Commission Merchants
H A V E ADDED L A R G E AN D IM PROVED SAFES
Liberal advances made on Cotton consignments.
Special attention give? to the sale o f cotton to ar
rive or in transit for both foreign and domestio mar
kets. Orders for Future Contracts executed in New
York andLlverpool,_____________________________
SU ITABLE FOR BAN KERS AND BROKERS.
140, 142 & 146 BROADWAY
FRANCIS M. JENCKS.
E d w ard H . C oates & C o .,
G eo r g e H . V o se , Secretary.
MERCHANTS,
NO. 116 CHESTNUT STREET,
P H IL A D E L P H IA .
NO. 42 M AIN STREET,
N O R FO L K , V A .
S PIN N E R S
Bethlehem Iron Com ply
40 and 42 Wall Street,
ORDERS SOLICITED.
M a n h a t ta n B u il d in g ,
C O T T O N
at the N EW YO RK , LIVER PO O L AN D N EW OR
LEANS COTTON EXCHANGES. Also orders for
COTTON
MERCHANTS,
(INCORPORATED 1835.)
P H IL ID E L P H IA .
Delaware Mutual
L i v e r p o o l Co r r e s p o n d e n t s ,
S afe ty In su ra n c e Co,
F R E D E R IC
E ER E 61
Sc CO .
COTTON, G R A IN . PROVISIONS,
Stocka and Petroleum.
Orders executed In New York, Chicago and Liv
erpool. All grades o f cotton suitable to spinners’
wants offered on favorable terms.
OF P H T L A D E P H IA
F IR E
Co r r e s p o n d e n t s
Messrs. Smith, Edwards & Co.,
Liverpool.
Jas. Lea McLean, New Orleans.
G.
Schroeder
ton Brokers,
&
G w athm ey & Bloss,
COMMISSION
Y ork
C OMMISSI ON M E R C H A N T S ,
Cotton Exchange Building,
NEW
No. 123 P E A R L 8T., NEW YORK.
&
M ercantile
Orders for future delivery of Cotton execuoec in
New York and Liverpool! also for Grai and Pro
COMMISSION MERCHANTS.
17
W a te r
S tree t,
visions in New York and Chioago.
G eo. W .
Baily & C o .,
N ew Y o rk .
Special attention to orders lor
¿(OHvery o f cotton,
treats {or f\! ture
Ins.
Co
_
.
L IA B IL IT IE S
Reserve fo r Unearned Prem ium s.
*1,217,584 86
Reserve fo r Unpaid Losses...........
148.062 96
N et S u r p lu s ................................... •2,0 1 3 ,1 0 6 &H
*3,378,754 40
COTTON
E X C X IA N G E
B U IL D IN G ,
Losses paid In U. 8. in 20 years . -$ 1 7 ,1 6 4 ,6 8 0 7 7
U . S. B r a n c h O f f i c e , 5 4 W i l l ia m 8 t ., N.
Sp e c ia l A t t e n t io n G iv e n
to th e
E x e c u t io n
OF ORDERS FOB FUTURE CONTRACTS.
Robert Tannahill & C o .,
Phénix
Insurance C o
BROOKLYN,
Office, 195 Broadway, New York C it;.
CASH C A P I T A L ...................................
Cotton Commission Merchants,
STEPHEN
Special attention glven to tke purchase and sale o f
FU TU RB CONTRA CTS
ln New York and Liverpool.
*1,000,000 00
C R O W E L L , P re sid e n t.
GEORGE P. SHELDON, Vice-President
GEORGE IN GR AH A M , 2d Vice-President.
PH ILAND ER 8H A W , Secretary.
CH ARLES C. L IT T L E Assist. S ecretai!
JOHN H. DOUGHERT Y , A sais '. Sec’y.
C o tto n E x c h a n g e B u i l d i n g , N e w Y o r k .
C
o m m e r c ia l
U
n io n
F a t m a n , ASSURANCH Co.t LIM ITED,
OF LO N D O N
S T R E E T , N E W Y O B R - Otite, Cor, M m $ W lM tm v%., & &
W alter
COTTON
*8 S 1A V J S R
y
SAM. P. BLAGDEN, Manager.
JX 8. F. DU D LE Y, Assistant Manager,
W. A ,. RAN CIS, 2d Assistant Manager.
New York.
COMMISSION MERCHANTS,
COTTON E X C H A N G E B U IL D IN G ,
B e a v e r Street.
Invested and Cash Fire Assets............... *3,378,754 40
L IV E R P O O L ,
Receive consignments o f Cotton and other Prodnoe,
and execute orders at the Exchanges in Liverpool.
Represented in New York at the office o f
SAM’L D. BABCOCK
32 Nassau Street, New York.
................ *1,719,209 29
LO N D O N A N D E D IN B U R G H .
U. S. Branch Statement Jan. 1, 1887.
OF
B. F . B A B C O C K & C O .
262,643 20
379,606 09
OF
YORK.
Orders fo r future delivery o f Cotton executed In
New York and Liverpool; also fo r Grain and Pro
visions la New York and Chicago.
Office, 75
*360,000 00
716,960 00
North British
MERCHANTS,
C o ., M ohr, H an em an n & C o .,
Successors to W A R E à SCHROEDER,
M A R IN E .
T O T A L A S S E T S .........
N ew
G R A IN A N D P R O V IS IO N S
at the NEW YO RK PRODUCE EXCHANGE and
the CHICAGO BOARD OF TR A D E .
AND
C A P IT A L STOCK...................................
Outstanding Scrip......................................
Reserve to reinsure Outstanding Risks
and all other Liabilities.........................
Surplus over Capital and Scrip................
JT. R A Y M O N D S M I T H , A g e n t.
C O F F E R
at the NEW YORK COFFEE EXCHANGE, and
New Y o r k .
G eo. H .M cF a d d e n & Bro.
S S o u th W i l l i a m S t., N e w Y o r k .
EXECUTE ORDERS; FOR F U T U R F iD E L IV E R Y
President
Cotton Commission Merchants,
R o u n tree & C o .,
COMMISSION
S E C U R IT Y .
FURNISHED W IT H E V E R Y IMPROVEM ENT.
YA.
Orders executed at the Cotton Exchanges in New
York and Liverpool, and advances made on Cotton
and other produce consigned to us, or to our corres
pondents in L iverpool: Messrs. L . Rosenheim A
COMMISSION MERCHANTS,
Sons and A . Stern & Co.; in London, Messrs. B. I
COTTON E X ^ H A N G ^ N E W Y O R K , and
Newgass & Co.
Henry H e n tz 5c C o .,
C o.
TH E OFFICES H A V E BEEN N EW L Y
IN
NEW YORK, CHICAGO, NEW OR
LEANS, ST. LOUIS, LIVERPOOL,
HAVRE, &c.
Deposit
OFFERS UNEQUALED
AND
P rice , R eid & C o .,
YORK.
Safe
OF NEW Y O R K
117 P earl St., N ew Y o rk ,
BANKERS AND COMMISSION MERCHANTS,
1
The
&
BR O K ER S,
@FedFRASER