The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
xmm
HUNT'S MERCHANTS' MAGAZINE,
ggPRKSEyTIXQ THE INDUSTRIAL AND COMMKRCIAL INTERESTS OF THE UNITED STATES
VUL.
62.
SATURDAY. FEHRUAKY
CLEARING H0U8B RBTURXS.
foUowiog statement shoirs the bank fi«aring» for the
': ending tcndaj (February
7). nuule up aooovdins to ex'*
contMned in CBBOWicxg of October 86, 189».
Tlte
I
7.
NO.
1891.
For the week ending Jaanary
31 the
ghowing
ia
1,387.
m foMowr
THE CHRONICLE.
21«
[Vol, LII.
The higher quotation in the open market is probably due in part to the continued movement of bullion to
the Continent, also to the revenue collections, which
cent.
THE FINANCIAL SITUATION.
circles
trade conditions ia banking and business
than
nature
quiet
more
rather
at this centre are of a
anxiety
of
renewal
some
been
has
they were. There
might take disfelt lest Congress in its last moments
The
pass
turbing action with regard to silver, or might not
to atattempt
an
(through
bills
appropriation
the
all
amendtach to one or more of them a free silver coinage
o
together
ment), and BO make necessary the calling
possible
the new Congress. As long as these events are
will be
enterprise
contingencies overhanging the future,
Bank
strengthen the
of
England
at the expense of the
open market, and to the disturbed condition of South
American governments, the securities of which are
London and which
largely held in
are unsettled thereby,
involving losses and compelling liquidation. The Bank
of England reports a gain this week in bullion of £147,is the net result of an import of £138,000,
wholly from Portagal, receipts from the interior of
Great Britain of £399,000, and exports of £290,000,
000; this
The Bank of
in a degree hampered and transactions restricted. Even principally to Germany and Brazil.
as the laws now stand, currency changes have during France gained this week £67,000 gold and the Bank of
the past year proved quite an enigma and unpleasantly Germany since the last return shows an increase of
In a subsequent column in speaking of about £349,000 in the same metal. At Paris the open
suggestive.
changes in "Bank and Treasury Currency Holdings" we market rate is 2\ per cent, at Berlin it is 2f per cent
tave referred to the peculiarity of the year's movements and at Frankfort it is 2| per cent.
in the circulation -of the country. But there is nothing
all this to prevent a full tide of prosperity the com.
ing spring and summer, unless the present Congress
in
Our
exchange market has been dull but
week and without particular
There was no change made by Brown Bros.,
foreign
generally steady this
feature.
introduces further uncertainties into our finances, or the Bank of British North America or the Bank of
unless the dread of a new Congress, with its discussions Montreal during the week, the rates posted by these
of subjects unsettling business interests, should become drawers remaining' at 4 85^^ for long and 4 88 for short
a feature in the situation. For these reasons, yester- by all except the Bank of North America, which posted
Kidder,
day's unexpected action of the House, supporting by a 4' 86 for the former and 4 88 for the latter.
decisive vote the ruling of the
coinage
tion
bill
chair, that a free silver
the Sundry Civil Appropriawas out of order, was construed as being de-
amendment
to
cidedly reassuring.
Money
Peabody & Co. reduced their posted rate on Monday to
The
4 85^ for 60 days and left the sight rate at 4 88.
rates for actual business at the close of the week were
4
continues in plentiful supply in
all
branches
85i@4 85i
@4
for long; 4
87i@4 87^ for short, 4 87|
83J@4 84 for prime and
88 for cable transfers, 4
This condition has prevailed, notwithstanding Treasury transactions on account of the large
payment of duties have absorbed some of the banks'
surplus, and notwithstanding also the flow of currency
from the interior has not been nearly as free as during
4
shipments have shown a little in
of the banks is now so large
that a small draft on it is of little consequence.
Besides, the special demand for funds with which
to pay duties on goods in bond is now over, and
with the trade conditions for the moment a little more
quiet, it is not surprising that banks are lending
readily.
We learn, however, that there has been a
good inquiry this week from out-of-town correspondents
for re-discounts. Should this continue it might quickly
change the whole aspect of the market, and the large
returns of railroad earnings remarked upon below are
an indication that there is at least a fair business in
progress throughout the agricultural sections.
So far as represented by bankers' balances, money on
call has loaned at 4 and 2 per cent, averaging 3 per
cent, at which renewals have been made.
Banks and
trust companies are loaning at 3 and 4 per cent as the
minimum. On time the ofEerings are liberal, but the
demand is only moderate. Rates are 4| per cent for
thirty to ninety days, and 5 per cent for four to seven
months. Commercial paper is in very fair demand,
and there is a good supply. The city banks are now
in the market, and from all sections of the East there
clearings for 1891 falls 315 million dollars, or 6 per cent,
of the market.
late weeks, while the
crease.
But the reserve
a healthful inquiry. Rates are 5 per cent for sixty
to ninety day endorsed bills receivable,
5@5i per cent
for four months commission-house names, and
6@7 per
cent for good single names having from four to six
months to run.
is
Money has been more
of England's minimum
active in
rate
London.
83J@4 83i for documentary commercial bills.
The figures of bank clearings which we have prepared this week for the month of January, in a measure
confirm the reports of a quiet feeling in trade for the
time being, as noted above. The aggregate of the
below the aggregate for January, 1890. But it is to be
noted that a part of this falling off is due to the
smaller 'stock speculation on our Stock Exchange, and
then also the fact must not be forgotten that the
comparison is with very large totals last year, there
having been heavy gains both in 1889 and in 1890.
Moreover, New York is chiefly responsible for the loss,
as outside of this city there is
Some
whole show an uninterrupted movement towards higher
aggregate for 1891 being 1,983 million dol-
figures, the
lars,
against 1,981
million dollars
in 1890, only 1,755
and but 1,533 million dollars in
It has been noticeable for some months that the
1888.
showing outside of New York was a great deal better
than in New York, and the following table in our usual
form gives emphasis to the fact.
million dollars in 1889
MONTHLT CLKAEIHOS.
OlMringi Oattiit Iftw ork.
CUarinat^ Total AlU
Month.
1890.
1890.
Jnlr
4,767,435,912
Aiiffust
4,734,973.871
September.
4,981,860,362
1889.
'P.OU
+2-7
+»-9
+16-0
4,250,465,436
1,934,278,899
1,738,148,8*0 +11-3
1,774,836.523
1,559,675,114 (-IS 7
1,839,797,023
1,550,575,216 +18-7
-(-0-3
6,548,912,415
4,848,399.170
4,942,802,891
4,308,125,778
Sdquar... 14,434,100,145:13,201,394,104
+1^5
Ootober
6,746,447,0171 5.569,363,949
+3-2 2,178,826,483
NoTember.
6,313,821,212
4,783,809,660
6,040,739,800
5,009,311,152
•t6-4
l,eS4,152,063
1,951,602.625 +11-6
1,836,554,278' +7-0
—4-5
l,ei6,319,925
1,845,388,706
+8-8
lib qnar.. 15,813,078,789 15,610,414,901
+1-4
6,059,297,461
6,633,543,609,
+7-6
December..
The Bank
of discount remains un-
a trifling gain.
of the outside cities record a decrease like New York;
nevertheless the clearings of these outside cities as a
1891.
J«nn»ry..
4.910,304,297
1890.
6,255,455,346
1891.
1.983,394,931
1890.
1.081,016,038
-HOI
changed at 3 per cent, but the cable reports discounts
"We have said that stock speculation on our Exchange
of sixty to ninety day bank bills in London
at 3 per had been smaller than in 1890. Our compilations show
Fkbruauy
THE CHRONICLE.
7, 1601.]
that tho actual market value of the share transactions
waa iTi million doUiirs loss this year than last. At an
4tTerago of 2J checks to each transaction this would
represent a loss in clearings of about 119 million dollars.
following table furnishes a
The
Bales by mouths since
summary
of the stock
June.
»AI.M Of aTOOKB AT TUB MBW TOBK S^OOK BXOBAaOE.
last
Nickel-Plate stocks hare also been active in tho same
way, and the anthracite coal properties, more particularly Central of New Jersey, have likewise moved upwards.
The Southern
and yesterday Mobile &
Ohio appreciated a couple of points. Among the
specialties there is a whole host which have risen
among them Manitoba, Great North-
several points,
Month.
FaiuM.
Numbrr
if Skartt
AetucO.
Par.
t
*
juir....
3,a<).'i.i5«
6.628,483
i.UI.Ortf.
27«.779.235
302.072.318
170.683,444
Aiwu't
2i0..'>80.«05
6,062,774
623,501,075
4*1.417,175
Hept....
6,ll;!,51l
488,382,800
31l,310.4;6
6.642432
Mqr.
12,S00,30t
oot'bT,
Not..
7,204,260
g81.««8,460
432,814.882
8,»e(Ul»
6037,126
861,184,830
483,209,100
.
Dm...
Mbqr
&
620.192,626
083,703,307
713.663,250
426.555,706
423,887,916
7,677,919
6,980,118
660.171,650
849,M6,070
205,817,234
6,423,616
473,891,125
287,021,417
2l,8fl7,680|2,O16,422,380 1,122,320,032 19,081,663 1,837.726,025 1,063,522.202
1890.
3«i....
E.«18,780
6*0,138,660
268,489,862
6,353,019
546.416.800
818,079,202
Itlyill be seen tha t 5,618/C89 shares of stock were
Bold in Januiwy,
1891,
against
6,353,019 shares
in
&
Pere Mar-
and
Pacific stocks,
North American, lagged behind
when they evinced
16,333,389 1,633;«)1,376
Flint
Electric,
The Northern
&c.
&c.,
«0»,231,602
W6,««8.636
8«,811.170
1891.
,
also
General
Edison
quette,
ActuoL
Par.
*
*
em,
Valuu.
Ifumber
0/ Slant.
properties have not failed to
participate in the general rise,
ino.
laoo.
217
till
yesterday,
a rising tendency.
The Baltimore
Ohio has concluded negotiations for the purchase of
enough stock of the Pittsburg & Western to give it
control of that property.
The purchase comprises
only
common
stock, the preferred stock being retained
Lead Trust this week declared
a dividend of one-half of one per cent.
The following statement, made up from returns collected by us, shows the week's receipts and shipments
of currency and gold by the New York banks.
by the present owners.
JTanuary 1890.
Railroad
gross
make
received,
clearings.
a
earnings
for
much
better
January, so
showing
far
as
Wuk Sliding February
6,
Received by
1891.
In fact, the returns are surprisingly favor-
Shipped by
r. BariM.
N.r. Banla.
than the
Camnoy... .......»•••. ..>•-..-.»>
Q^l^
Our usual review will be
given next week, and we reserve comment on the results till then.
But it is quite evident, already, that
able, all things considering.
,.,........„„...
Total gold and legal tenders
...
JV.
Ifet Interior
Movement.
es.sio.ooo
300,000
$1,622,000 aala.$2, 188,000
100.000
200,010 Oaia.
$4,110,000
$1,822,000 Gain.$2,2f8.00O
With the Sub- Treasury operations the
as
result is
below.
is to be a good one, for a preliminary
which we have prepared on the 74 roads that
Out of
Into
rfetOhan^in
Week JEnHnj February 6, 1891.
have thus far reported shows 11,844,177 increase,
Banla.
Bankr.
Hank Holdirtvr.
or 7'65 per cent.
In relation to the net earn- Baoks' interiur moTement, aa above $4,110,000 $1,822,000 aaln.$2,]B8,0O»
13,100,000 15,200,000 Loss. 2,100,000
ings, two or three of the roads which have furnished Sab-Treaaury eperationa
Total gold and legal tenders
$17,210,000 $17,022,000 Gain. $188,000
teturns this week for the month of December show
T«ry noteworthy improvement over the corresponding
The following table indicates the amount of bullion
month in 1889. We may mention more particularly the in the principal European banks this week, and at
the
Rio Grande Western, which reports gross of $241,779,
corresponding date last year.
•gainst $117,953, and net of 1117,036, against $30,078.
the statement
total
.
The
it will be observed is over 100 per
auiiuof
and in net nearly 300 per cent, fhe improvement follows from the changing of the gauge of the
road and the opening of a new through route to the Rtaam
increase in gross
cent,
Germany*,...
Aust.-Hun'y.
Pacific Coast.
The Northern
rebmary
eoUL
£
6,
February
1891.
Silver.
Total.
a«u.
£
£
£.
26,290,22*
46,373,000 49,747,000
25,290,22*
96,120.000
27,691,333 13,795,667
6,133,000 16.573,000
41,387,000
22,006,000
8, 1830.
lUaL
StUnr.
£
21,082.311
50.115,000 *9,832,««0
26,426,667 13,118,333
21,08a,«U
5,135,000 16,262,000
21,897,000
90,9*7,000
39,ei0.0«|0
makes a favorable exhibit, Netherlands.. *,19*,fl00 6,471,000 9,665,000 6,064.000 6,813,000 10,707,000
but is referred to in a special article on another page. Nat.Belginm* 2,687,333 1,3*3,867 1,031,000 2,725,000 1,31)3,000 1,088,000
Tot. this week 110.563.890 66,930.31* 197,*99,224 110,8)7,978166.313,333 187,171,311
The Chesapeake & Ohio reports net of $170,656 against Tot. prev. w'i£ 109,318.722 86,700.000 19(1,018,722 110.205,703 86,219,333; 196,185,03«
125,534, and the Philadelphia & Erie $102,508
• The division (between golil and silver) (?lven In our table of coin and
against $98,906.
The Ontario & Western has $43,303, bullion In the Biink of Oonuiiuy ami tile Bank of Belgium is madH from
the UuHt eatimal.' wo ar.^ able Co obtain; la neithv»r oniii is It lUaliued to
against $21,585.
Some other roads have not done quite be HCuuraCe, as those bank^ m^ke no di.stlnotio In their weekly retiirne ,
merely reportio); the total K'llil and silver, but we beUere tli« dlvMon
BO well, the Burlington & Quincy having net of $1,- we make is a close approximation.
Pacific also
i
077,230, against $1,194,222; the Cleveland Cincinnati
& St. Louis $368,688, against $400,601; the
Norfolk & Western $209,996, against $215,075; the
Ohio & Mississippi $56,146, against $102,792; the
ll^estern New York & Pennsylvania $67,889, against
•90,977; and the Louisville & Nashville $626,009,
"Chicago
|;4gainst $650,605.
"by
The
latter did better
than indicated
the original estimate for December. '
Our
stock market this week has shown increasing
strength.
The grangers were a weak feature for a
Note.— We reci'l vo the forej^ointt results weekly by oaMe, and while bo t
all
of the date ^iven at the head of the column, thoy are the
to that date— that Is, the latest reported U^ures.
roturas
Utoed aeuredt
CHANGES JN BANE AND TREASURY
CUS<-
RENCY HOLDINGS.
Comparatively
little interest is
statements of Treasury cash
currency, as they
taken in the monthly
when our banks get
full of
now are. To the merchant or banker
when money is abundant whether
it matters little
but
latterly
have
risen
with
the
marrest
of
the
Government operations contract or expand the holdIjl^me,
1^®* under the gain in gross earnings reported by the St. ings of net cash in the sub-treasuries, for neither event
Pftul for the fourth week and month of January.
Busi- has
any special
influence
on the currents of
ness has not been particularly large, but the specialties trade.
month of
during
the
For
instance,
have played a rather prominent part in the speculation. January there was a loss of $9,070,075 to the
They have loomed up one after another, aud appar- active circulation through Government operations^—
I
ently very
sliarp
buying was needed to cause a very that is to say, the sub-treasuries were that much richer
Lake Shore scored a decided rise in net holdings of curreifcj on February 1 than they were
the week, and has since continued strong. The on January 1, and conseqn^htly the channels of 9pfli>
little
advance.
early in
—
.
THE CHRONICLE.
218
poorer in currency than they
^ould have heen had the Sub-Treasury law not existed.
And yet, notwithstanding this accumulation by the
anerce were that
There
much
is
[Vol,
La
a further circumstance which ought to be
it becomes of new interest in con-
again recalled, for
The circumstance
nection with these accumulations.
Treasury
department
the
that
although
refer
to
is
we
been
have
banks
Gorernment, the accumulations in our
additions
to the cirafloat
very
large
put
during
1890
common
the
that
country
:ao rapid in every part of the
every
dollar
it went out of sight at
almost
of
culation,
everywhere.
is
easy
report is that money
Under such circumstances the indifference referred to once. On previous occasions we have alluded to this
among business men over Treasury transactions is, we occurrence, but are able to-day to make a more comadmit, natural,although one cannot help thinking what a plete statement of the movement, having this week
-widespread disaster the very same withdrawals of cur- received, through the kindness of Mr. Lacey, the
rency by the Government would have caused had they Comptroller of the Currency, the full returns of the
Jtaken place in December instead of January. But they National Banks under the last call of December 19, 1890.
did not occur then ; and so it may be asked what is the It will be remembered that we cited some facts bearing
need for picturing a misfortune which can never happen, upon this matter in our issue of November 29(page8
No reason whatever, 732 and 733), and again on January 10 (page 56). We
jiince the occasion has passed.
except to illustrate the defect of a system we are living need not repeat our remarks on those occasions further
nnder. While there are so many who favor a continu- than to say that at the latter date we stated that the
.«nce of this cumbersome Sub-Treasury machine, we do official total of the currency outstanding on the
not fear that we will be accused of too often calling first day of January, 1890, was 11,430,549,929, and
Attention to defects in the working of the existing law, on the 1st day of January, 1891, it was $1,528,935,943.
as they from time to time manifest themselves defects That is to say, the addition to the currency put afloat durwhich are capable of producing such irregularities. ing the twelve months of 1890 amounted to $98,386,014,
Besides, the best of all occasions for considering them and yet the singular fact was noted that none of these
as when there is no danger from their capricious action, new issues could be found in any of the banks which
Now, as stated, we have Complor we then have full opportunity for reflection, and made weekly returns.
hence for devising a cure; and a cure is none the less troller Lacey's figures for the whole country under
impera-tive because the officer in charge of the Gov- date of December 19, 1890, and from them and from
ernment finances has always heretofore been ingenious the report nearest the close of 1889 (December 11) we
/enough to neutralize or counteract any threatening have made up the subjoined table, covering every item
of currency held by the National Banks at these two
^tuation.
being the dates nearest the first of January of
periods,
about,
some
may
ask,
that
has
it
come
there
But how
each year at which the returns are procurable.
has been so great a change in the currency in sight
Ourrenty Boldings.
Dec. 11, 1889.
Dee. 19, 1890.
that is in the banks and in the Sub-Treasury as we
Specie
$171,089,458
$190,063,006
84,490,894
82,177,126
find there has been between the first of January and Lesaltenders
National bank notes
20,388.807
18,832, '221
4he first of February. The Sub-Treasury holdings at United States certltlcates of deposit.
9,045,000
5,760,000
•the two periods mentioned are given in the following
Total In United States National B'ke
$285,014,159
$296,832,353
statement, made up in our usual form.
These returns tell us that notwithstanding the in-
—
—
.
-1891.
SoldingM by Treasurer.
January 1.
Set gold coin and bullion
$148,972,935
2,959,435
Ket silver coin and buUlon*
2,193,717
V. 8. Treasury notes, act JvUy 14. 1890. . .
Xsgal tender notes
3,195,631
Hational bank notes
3,349,587
»racUonal silver
18,987,690
.
February 1.
$141,728,097
10,009,807
3,702,297
6,995,507
6,320,151
19,973,211
crease during 1890 in the circulation afloat of $98,386014, that the holdings of currency by all the national
banks (3,57^ in number) for substantially the same
period, increased less than 12 million dollars.
banks, so far as the returns are accessible,
The State
make even
a worse comparison in the matter of currency holdings,
Total
*
Govemm't cash In Sub-Treasury.$179,658,995 $188,729,070
Does not inclnde trade
as
we showed on a former
the whole situation
dollar bullion.
—
occasion.
To
express then
appears from the
of FebAccording to the above, it will be noticed that the ruary Treasury and New York bank statements that the
'8nb-Treasury gained during the month, as already currency which had been so freely poured into the
•Stated,
19,070,075.
-Clearing
The
returns of the
House banks gave
New York
their total holdings of cur-
rency on Dec. 27, 1890, at 1103,337,500, and on the
31st of January, 1891, at 1126,704,300, which shows
«n
increase of
$23,466,800.
Thus we
see that
these
two currency reservoirs have collected in the first month
1891 an addition to their currency holdings of 133,536,875.
That, we do not need to say, is a large
4unount. If there was a great depression in business
following the monetary disturbance of November and
December, it would not be remarkable at all. But
although business has become more quiet than it was,
there has certainly been no marked depression, and the
•agerness with which new loans offered have been taken
up shows that investors are stirring. "Without doubt
•of
it
first
channels of commerce in 1890 without having any efon the money markets or the bank reserves of the
country, is now at last coming into sight.
fect
There
is
one feature more which will attract attenthough we do not at
tion in the Treasury statement,
present attach any special importance to
it.
We refer
to
the fact that notwithstanding the Government gained, as
stated above, $9,070,075 of various kinds of currency in
January,
while
it
it
lost
increased
$7,244,838 of its net gold holdinga,
its silver holdings in just about the
same amount.
We notice,
of other years,
there
is
Government accounts.
back to January
same peculiarity in tha
in looking
this
For
instance,
in
1890, the Treasury lost $13,446,767 gold
Januaryi
and gained
$7,139,848 silver. Precisely similar changes, though
liquidation has taken place in some cases ; many
per- a little less in amount, are noticeable as having taken
-Bons caught in debt while money was so scarce
have place in January, 1889. Nor is it a fact of any peculiar
contracted their operations.
Then, too, January is a significance that the gold holdings are now down to 141^
iime when currency always collects at this centre.
But million dollars. That smaller gold balance is in keeping
after making overy allowance there appears
to have with the smaller total balance of all kinds of currency
"been an unaccountable accumulation of currency
in our which the Treasurer
iankg and Sub-Treasury within a very brief period.
former years.
is
carrying
now compared
with
Fmbcart
THE CHRONICLE.
IWI.J
7,
219
period of the yoar
CHICAGO
NORTHWESTERN,
i&
January
ame
Our readers have been made familiar from month to
month with the course of the CliieagoA Northwestern's
lull
the
earnings
in
other
In
iirccciiing.
fiscal
words, up to
year 1890-1 shows just about the
net results as the
gross
fiscal
these
Th«
1889-90.
year
months incresMd
seven
$963,706.
our privilege to present to-day
information bearing also on the course of the net
It
gross earnings.
1
is
NORTHERN PACIFIC'S GROWTH.
earnings.
There is probably no other railroad corporation in
year of the Northwest begins with June,
country whose affairs have attracted so much and
the
results
for
full
a
the
furnishing
of
purpose
but for the
continuous attention in recent years as the Northsuch
statefollowing
the
give
wo
months
twelve
of
period
ment covering the operations of the calendar years 1890 em Pacific. Its record for these years is one of almost
uninterrupted expansion in traffic and income, and in
and 1889.
~}(tl Banxing:
6tou Earning*.
the various phases of financial growth and development,
The
fiscal
—
,
Chicago
Sorthaett.
rf
1889.
1890.
1889.
9
•
*
9
of which attest the great advance which has been
made, raising the company from a concern of comparatively small dimensions to the position of a corporation
which in point of income, mileage and financial operations takes rank with some of the largest in the United
And the most noteworthy feature is that with
States.
the increase in earnings already made, the gains now
recorded for current periods are just as striking, if not
more striking, than before, the additions to gross receipts ranging between $600,000 and $700,000 a month.
There are some other circumstances which at the moment add to the interest felt in the company's affairs,
as for instance the discussions in the public prints as
to the prospect of an increase in the dividend on the
all
12,301,256 11,110,790 3,484,405 3,731,753
738,266
686,965
2,267,573
2,466,740
947,830
941,929
2,575.104
2,680,151
2,555,690 1,373,281 1,131,353
3,036,516
2,979,807 1,298,421 1,460,428
2,948,516
2,513,453 1,039,582 1,017,003
2,646.672
818,033
908,140
2,182,964
2,190,175
nnt »lx montlw
July.
ognst
8«pt«mt>er
October
HoTember
Seoember
26,185.281
28,170,020
Total
9,699,823
9,877,571
observed that net earnings for the twelve
be
It will
—
—
•
1890.
months of 1890 are not quite as large as for the twelve
months of 1889. Gross earnings, however, increased
about two million dollars, so that the diminution in
net follows entirely from an increase in expenses.
But as net earnings in 1889 had shown an increase of
1,197,117 over the year preceding, the loss of $177,748 preferred stock.
in 1890 as compared with 1889 is not especially importWe have obtained the data which enable us
to pre-
worthy of note, though, that on the sent to-day a complete exhibit of the company's gross
Northwest, as on most other roads, the tendency of and net earnings, interest charges, etc., for the period
«xpense8 was towards decidedly heavier totals in 1890.
from July 1 to December 31, 1890, covering the first
The
ant.
Witt
fact
is
lower net earnings, the requirements
slightly
half of the current fiscal year.
Before giving this ex-
and rentals in 1890 were also a little less hibit for the half-year, however, it will be interesting
than in 1889. Hence the balance for the stock on the to have a statement of gross and net earnings for the
operations of the twelve months of 1890 does not differ full calendar year, in comparison with the totals for
much from that for the twelve months of 1889. Here other years, as that will furnish a graphic illustration
are the results in detail for those two years, as also for
The followof the expansion which has taken place.
the two years preceding.
ing table comprehends the results for the last five
for interest
.
1890.
4,258
Chicago <* yorthwe»t.
Miles road end of year.
Twelve montht ending Dec. 31.
1887.
1889.
1888.
$
OroBs earnings
28,170,026
18,470,203
Sxpenses
Keteamings
4,250
4,250
.
years:
COHPABISOK FOB CALENDAR TEAB8.
4,209
?
$
$
26,185,281
16,307,710
25,832,975
17,152,521
27,140,725
16,010,266
Twdve montlu mdino December
9,699,823
9,877,571
8,680,454
11,130,459
Interest (less credits). 5,439,996
5,544,927
5,275,258
5,165,048
201,301
202,570
58,000
58,000
5,637,297
5,747,497
5,333,258
9,223,048
Balance for stock.... 4,062,526
IMvldends
3,445,629
4,130,074
3,444,504
3,347,196
3,430,079
5,907,411
3,462,143
Charge*—
Bentals
rSlnklng funds
Total....
31.
JToTtftem Paci/lc.
1890.
1888.
1889.
1886.
1887.
$
t
24,402,751 21,741,891 18,060,103 13354,320 12.329,668
UJ837,482 12,380,141 11,013.932 7,808,030 6.188,180
Oross eaminKS
Net earnlnBS
Thus we have
t
1
10,166,269
9,361.750
for the twelve
*
7,046,171
6,ol8.29<
6,I40,87S
months of 1890 gross
earnings of $24,402,751, as against $21,741,891 for the
twelve months of 1889, only $18,060,103 in 1888 and
The increase in two years
but $12,329,552 in 1886.
has been over 6J million dollars, and in four years haa
Thus, after meeting all charges and paying 6 per cent been over 12 million dollars. It will be understood, of
dividends on the common stock and 7 per cent on the course, that in^this'we have not included the earnings
preferred stock, a surplus of $616,897 remained on the of the Wisconsin Central; for that road, while operated
business of 1890 and of $685,570 on the business of by the Northern Pacific during 1890, was not so operBalance
1889.
+616,897
This,
it is
hardly necessary to say, is a very satand one which few other companies
ated in the years preceding, and to include
it
therefore
can
equal.
Of course the surplus given is entirely
independent of the receipts from land sales, and also
in the totals for the late year would impair the value
The increase in net earnings has
of the comparisons.
been just as striking as in the gross, though the addition
does not include the operations of the trans-Missouri
in 1890 was smaller than in the two years preceding^
lines.
owing to the heavy augmentation in expenses.
isfactory showing,
.
—82,883 +2,445,269
+685,570
From an examination
it will
of
the table
first
above given,
be seen that the loss in net earnings in the late
The total
of the net stands at $10,165,269, against $9,361,750 in
1889, $7,046,171 in 1888 and $6,046,290 in 1887.
we deduct the loss in net of $50,720 for
we find that for the seven months of
the current fiscal year from June 1 the aggregate of
months ending December 31,
That ie, both net and
gross earnings show very decided improvement as compared with either 1889 or the years preceding. Here
are the figures back to 1886, the operations of the Wi«-
the net
consin Central being excluded as in the other case.
•calendar year occurred entirely in the
first
six
months,
the last six months showing an increase of $69,600.
from
the
If
this latter
month
is
of June,
$18,880 better than for the corresponding
Taking now the
the results are
six
much
the same.
__,
.
.
,
THE CHRONICLE.
220
July
1 to
Detember 31.
^les of ro«d In Deo.
Earning—
.
.
1889.
1888.
1887.
$27,971 in net came in December.
8,514
3.439
3,277
roads together,
$
7,239,701
6,760,692
5,282,480
3,285,086
220,906
2,911,783
2,232,604
1,698,817
176,297
189,998
140,477
74,594
174,196
146,389
60,812
219.572
31,438
165.080
93,905
14,<117,611
12,666,366
10.820,941
8,407,166
7,342,294
7,928.881
6,780,516
6,263,916
4,275,680
3,372,188
186,409
IllBcellaneoiU
Total
Operating expenses.
Per cent
»
t
«
8,942,639
(54-88)
(63-58)
6,518,763
Net..
(50-80)
(58-98)
6,874,850
4,357.026!
4J.31.685l
we have
for
and over $400,000
increase in gross
When we come
LH.
If we take the two
December over $750,000
1890.
«
raaseiwer
Mall
Bxpress
[Vol.
1,080
10.406,692
3,661,613
IFrelght
We
...
in net.
study the relation of charges to
income, the net earnings of the Wisconsin Central for
1890 must, of course, be included with those of the
Northern Pacific, since the Northern Pacific is charged
(46-93)
to
with the rental payments under the lease. From the
table above it will be seen that the net earnings of the
Wisconsin Central lines in the six months of 1890 were
$1,115,831, which, added to the $6,518,753 net earnings of the Northern Pacific itself, makes a total of
Compared with the $5,874,850 net earn$7,634,584.
ings in 1889 on the Northern Pacific alone (when the
Wisconsin Central was not operated) this is an increase
of $1,759,734.
But out of this increase provision
3,970,126
from this that the increase in gross earnings
months of 1890 as compared with the six
months of 1889 has been $1,793,248. If we compare
with the six months of 1886, the increase is over seven
see
In the six
million dollars, the total in the four years having been
The doubling of the earnings in
just about doubled.
was also noted in the case of
the totals for the full calendar year. The net earnings must be made for the rental of the Wisconsin Central.
have not made equal progress, and yet have increased At the same time the Northern Pacific's fixed charges
very decidedly. The improvement for the four years are decidedly heavier, a fact of course well known, the
reaches a little over 2^ million dollars, the addition to increase in mileage and in traffic necessitating constant
this period of four years
heavy additions to capital expenditures. The call for
on the funded debt in the six months of 1890was $3,026,122, against only $2,445,857 in the six
gross in this interval, as already said, having been
seven million dollars.
The gain
compared with 1889
only $043,902, though the in-
is
in net for 1890 as
The
crease in gross has been $1,793,248.
penses to earnings
is
interest
months
ratio of ex-
the heaviest of any recent year
Pacific
758, and various other items reflect the same tendency.
Altogether the requirements for interest and rentals
(including the rental of the Wisconsin Central) were
$1,898,672 heavier than in the six months of 1889,
while the increase in net earnings, as stated, was only
with one exception. being 54"88 per cent (this does
not include taxes), on which basis it compares with a
ratio of only 45-93 psr cent in 1886 and 46-00 per cent
Doubtless the needs of the company in these
in 1885.
earlier years prompted the keeping of expenses down
to the lowest limits possible, as at that time it was a
difficult matter to make both ends meet.
In 1888,
however, earnings were on a scale to justify very liberal
outlays for repairs, renewals and betterments, and the
policy of making such outlays was evidently continued
through the late year. The effect will be to add
moving
capacity for handling and
mum
traffic at
result
is,
in earnings
that notwithstanding the
which the company has
been making, the surplus for the stock
as in the year preceding.
quite large, the
exhibit
But
is
is
not as heavy
as the surplus
then was
very satisfactory neverthe-
Besides this, the income from investments has
been somewhat in excess of that for 1889.
Below we
furnish a detailed statement of interest and rental requirements, etc., and their relation to income, the
less.
a mini-
of cost.
It deserves to be pointed
The
$1,759,734.
handsome gains
greatly to the efficiency of the property, and strengthen
its
of 1889. The rental to the St. Paul & Northern
was also larger, being $589,576, against $474,-
out that in December, the
figures for 1890 including the Wisconsin Central, but
improvement in those for the other years being stated without that road.
loth net and gross earnings was very marked, and this For the purpose of showing what was earned on the
•is important as indicating the tendency of things at the stock, comparison cannot be made on any
other basis.
present time. Thus far we have confined our comSix vxonth9 ending December 81.
parisons to the Northern Pacific alone in the following
i^orttiem Pacific lilt.
ire give the results as to gross and net for both the
1889.
Northern Pacific and the Wisconsin Central, each
*
f
earnings
closing
month
of the half-year, the
;
Net
separately, the totals for
December being
stated as well
Rentals —
Wisconsin Central Company.
as for the half-year.
.ATortkem PaelM-
Dfcember,
OrotsearnlDga...
ftptttt'g expens.
Mat
earoinics...
*7,e34,584 5,874,850 4.367,025 4,131,685 8,970,196
Mxed cftarwf*—
Wacontin
Totnl both Co's.
689,576
IMO.
1889.
IfOO.
1889.
1S90.
«
t
t
t
*
1889.
Bquipment
116,946
16,585
2,281,279
I, "101,375
1.815,488
1913,856
430,007
281,060
85SJI89 :2,71 1,286 1,956,764
*!4.413 1.41'«,5J3J 1,148,289
Northern Paelflc Terminal
l,0eS,79S
687,519
148,017
leO.OM
TaoomaLandCo
1,214,743
808,495
3,9ia,06B
1,803,284
2,48S,442 17,360,679 16,140,S08
1,*S8,()20 0,782,095 8,237,1?8
''lMW
Branch Roads
Taxes
Funded debt interest
1,119,831
1,028.828
Oeneral
Tbna
in
I
»,B18.7b3l B.874.8M
December the gain
7,0M.S84 6,003,872
in net earnings
on the
more than 50
Northern
m
been followed
the month just closed (January 1891) by
an increase
HI gross earnings of $563,200, so
that the promise
appears to be for a decided improvement in
the net for
-tkat month also. In the case of the
Wisconsin Central,
gross for the half-year increased
$433,623 and net
$87,009 ; and of this increase $74,618 in
gross and
)ii
ii.ijfi-
*
474,758
90,786
1,070
11,115
23,124
111,803
36.000
406,976
3,000
3,000
645,028
201,306
511,510
338,798
«ir,8ae
67.829
1,070
11,115
1,0TO
11,038
22,882
22,321
10,790
22,454
34,442
36,000
34,236
34,066
413,736
368,125
1,069
171,686
165,876 153,951
3,026,122 2,445,857 2.465,511 2,281,234 2,106,040
I
179,6931
83,346
157.673
190,463
101^160
29406
65,8-21'
;
6,133,436 4,334,764
3,389,781 3,143.200
1.501,148 1,840,080
444.851
249,3951 "220.000
•t-220,.549
investments, Ac.
Total surplus
this has
1323,4761
'f^,"A*-V**»-»
I
and we may say that
117
621,457
In teres t
Sinking funds..
Miscellaneous.,
Paoiflc was $378,277.
Total
This is
per cent of the gain for the entire
Surplus
half-year.
The
Income from
-increase in gross earnings for the
same month was
•'$67^,904,
1,070
11,1 L5
28,141
Property at Winnipeg
^ntf 1 (p Dec aiGrgis earolngs... 14,447,814 l2,6S6,S>le
^.^parat-g expefls. 7,998.f61 8.780,616
earnings...
1,159,319
Paul & Northern Paciflo...
Coaur d'Aiene R'way & Nav..
8t. Paul & Omaha.
Manitoba Road
Minn. Union
St.
Central.
1.760..M3 1.8«0.08»
Partly e8tim.atea.
tlnoluding WiaoonBin Central.
t
5
yac.wsw
761,824
+274.268 237,183
665.400 1.038.092' 1.0fl4.1«l
Half of amouut for .year.
$70,643 of this for Wis. CcntraJ.
Hence we have a surplus
for the stock in 1890 of
11,750,543, against $1,860,086 in 1889 and only $665,400 in 1888. The six months from July to December
always constitute the best half of the year; in the other
six months the company for a long time failed to eain
—
FWSOAHT
THE CHliUMCLR
7, 1891.]
to meek the proportion of charges, so that the
surphis for the twelve months would invariably be Iobs
than for the half-year to December 31. But a decided
enough
change has taken place under the great increase in
Beginning with a very heavy deficiency, the
earnings.
shortage in the six months from January to Juno has
diminished year by year, and in 1890 there was actually
a small surplus above charges, due in great measure,
however, to a very large income from investments
and other outside sources. For the half-year of 1891
is
evident there will be an increase in. fixed
it
charges over the corresponding half-year of 1890, but
with gross earnings for January showing a gain of
15(53,300 it would be hazardous to predicate much on
221
together with the coast States to the south,
part of the country,
population within
and the study
it
is
of the
very interesting.
is
the oTd
movement of
The Censna
Office has as yet issued figures in detail regarding only
ing, which is reported for Dec. 31 as $37,428,000.
Since then some further amounts have been issued, and
$40,930,000 of the bonds are now listed on the New
two States of the Union, but of these States one is
Massachusetts, which is, as it always has been, a community worthy of close attention. The other is one of
the nearest neighbors of Massachusetts, and the returns
of its population enable one to generalize, not too
cautieusly, upon what is taking place in New England.
Let us take New Hampshire first. This State had
141,885 inhabitants in 1790 and now has 376,630. In
a century it has added only 165 per cent to its population.
We may see at a glance where the most of this
gain has been by simply observing the fact that nearly
two thirds of the increase in the last twenty years has
been in the three cities of Manchester, Concord and
Nashua. But let us examine more closely the movement during the last ten years. It will be found to be
an almost invariable rule that the smaller the town the
more it is in a state of decay, so far as population is
Five-sixths, nearly, of the towns which in
concerned.
1880 had less than 1,000 inhabitants have lost population during the decade; five-eighths of those which
had between 1,000 and 3,000 have lost; but only one
of those between 2,000 and 3,000 and not one town
which had more than 3,000 in 1880 now reports a
York Stock Exchange.
decrease of population.
Taking the surplus
that fact.
as
it
stands (tl,750,-
4| per cent on the $30,outstanding
December 31,
909,853 of preferred stock
dividends
is
per
cent quarof
1
present
rate
The
1890.
we
643),
find it to be equal to
per cent per annum.
As regards the company's debt, the
terly, or 4
total of fuudod
was $120,175,500, against
105,538,778 on June 30, being an increase of about
14^ million dollars. The principal change is in the
aggregate of the consolidated mortgage bonds outstand-
obligations
Dec.
31, 1890,
Amount OuUtandlng,
June 30.'90' June S0,'88 Jun«30.'88
Population 1880.
t
OenenU
M.MS.OOO 46,943,000 46,943,000 46,878,000
mortss^e bondi
General ii mortKago bonds
General 3i1 mortsaKe bonds
Missouri and P. d'Orellle dlvls'ns
DiTldeod certificates
lat
Consolidated mortgaffe bonds.
Total.
20,000,000
20,000.000
11,315,000'
11,«34,0(>0
;i,8«8,000
4,054.000
893,800
749.500
37,488,000
22,568,878
80,000,000
11.011,000
4,549,000
»3S,500
80.000,000
8,893,000
4,8as.000
1,000 to 2,000
2,000 to 3,000
Over 3,000
1,874,500
81,808,500
facts in tabular
No. of Towns.
Under 1,000
The
120,175,500,105,538,778
The
form are
as follows:
135
82
13
14
1890.
66,014
116,177
41,445
152,894
71.678
115,017
36,379
123,917
246
376,530
346,991
1890.
gains in the towns between 1,000 and 3,000
almost exactly offset the losses in the smallest towns,
and the whole increase in the population of New
Hampshire is to be found in the cities and towns of
In closing, a few words as to the operations of the
3,000 and more inhabitants.
land department will not be out of place. In the six
Now almost the same thing may he said of Massamonths from July 1 to Dec. 31 the company sold 138,chusetts.
The table corresponding to that just given
744 acres of land for a consideration of $703,768, and
is as follows
the total sales, including town lots, amounted to $766,PopiUation 1S80.
No. of Toiant.
1880.
1890.
82
51,109
53,631
On account of these transactions and those of Under 1,000
937.
Preferred stock...
Supplies on band.
86,909,853
I
38,988,383
37,172,57''
37,488,818
2..'M7.157
2,806,646
1,578.494
:
98
54
130,768
141.677
112
1,915,389
132,489
127,201
1,469,764
2,238,943
1,783,085
1,000 to 2,000
other years the company received $753,604 in cash. The 2,000 to 3,000
Over 3,000
receipts in stock were $73,469. The deferred payments
on account
of land sales
344
aggregated $5,650,722 Dec.
We see here,
31, of which $443,981 was applicable to the retirement
in the case of both
New Hampshire and
of preferred stock, $2,451,389 to the redemption of Massachusetts, a continuance of the decay of the small
Missouri and Pend d'Oreille division bonds and $2,755,- town. Nevertheless, as will be seen by looking at the
352 to the redemption of the general first mortgage figures above, the process is not very rapid. The loss
of the 178 smallest towns in Massachusetts was but a
bonds.
little more than 4,"000 in ten years, less than three per
MASSACHUSETTS AND
Draw
NEW
cent.
HAMPSHIRE.
In
New Hampshire
slower, 217 little
the pace was very slightly
towns showing a
loss of
4,500, less
with a radius of two hundred and than two and a half per cent.
twenty-five miles, with the city of New York as a
But after all the real teaching of the returns is not
.centre, and you will enclose one-fourth of the popula- to be found in the melancholy story of the farming
tion of the United States. Within this circle, which towns. New England is not adapted for farming, and
has a land area, roughly speaking, of 100,000 square there is no more reason in a lamentation over the dea
circle
miles, live fifteen and three-quarter millions of people, cline of communities which, having no soil to cultibeing an average of about 160 to the square mile. It vate, have no resource except agriculture, than there is
is a little less than half the area of France, and the for sorrow
when a worn-out old pasture is abandoned to
density of population is very slightly less than that of its rocks and its scrubby bushes.
It is a very long time
France.
since Massachusetts turned its attention in another
Taking each State
lies to
the east of
as
a whole, the greatest density
New
York. Rhode Island has, by
the new Census, a population of 318-4 persons to the
3quare mile of land surface Massachusetts is second
with 278-8 to the square mile ; New Jersey is third
with 193-8 and New York is fourth with 126. This,
;
direction in
its
search after prosperity, and
place
in
among
spite
it
In 1830
success
it
it cannot raise enough
wants of one-fifth of ita population,
has not fuel, and does not produce the
of the facts that
food for the
that
its
stood in the eighth
the States in point of population ; and
has been wonderful.
.
.
':
THE CHRONICLR
222
raw material of any kind of manufactures, it has
pushed itself up into the sixth place, and stands today as the first State in some of the most important
departments of skilled industry. Manufacturing towns
are scattered all over the State, and they are all growIn Massachusetts a
ing and prosperous communities.
town cannot receive a city charter until it has twelve
But
power.
[li^Ol,.
itants.
is
1880
since
population, and
is
now
it
!
LII.
has more than doubled ite
a thriving city of 27,000 inhab-
The country immediately surrounding Boston
up very rapidly, as is shown by the large
filling
population of Cambridge, Chelsea,
Newton, Maiden, Waltham, Quincy and
Brookline, all of which, with an aggregate of more than
thousand inhabitants ; but there is at least one city in 230,000 inhabitants, are within the suburbs of the NewSo long as the State, as a whole,
ten of the fourteen counties of the Commonwealth. England metropolis.
There are twenty cities with more than 30,000 inhabit- is showing such vigor, there is no room for lamentation'
ants each and forty-seven cities and towns which over the drift of population away from the barren hillexceed 8,000 each. The growth of the urban popula- sides.
tion
increase
in the
Somerville,
—so designating that of towns exceeding 8,000
— very interesting. The following shows
all
inhabitants
is
the total population of the State at each National Census period, and the number and aggregate population
more inhabitants
of towns with 8,000 or
-Towns o/8,000inhabil'ts.-.
Number.
Population.
Total population of State.
Tear,
378,787
422.845
472,040
523,287
610,408
737,700
994.514
1790
1800
1810
1820
1830
1840
1850
1860
1870
1880
1890
18,320
34,392
46,400
56.020
84,070
199,694
357,227
540,339
796,297
1.095,921
1,564,931
1
2
2
2
3
10
16
23
32
36
47
NEW JERSEY.
Stockholders in the anthracite coal roads are to be
congratulated on the good exhibits which their properties are able to present on the operations of
1890, as-disclosed in the annual reports for that year
now
being^
In the anthracite coal trade the year was
a poor one, as we all know, but the growth in general!
merchandise traffic and in passenger business served tosubmitted.
on coal. We had last week the annual
Lackawanna and the Delaware & Hudson,
the decade 1860-70 bringing out these facts this week we are favored with
1,231,066
1,457,351
1,783,085
2,238,943
It appears that it
:
CENTRAL OF
was not until
offset the loss
returns of the
;
New Jersey, giving evibe classed as urban in this sense. According to the new dence of the same state of things.
The results on the Central of New Jersey will perCensus, almost exactly 70 per cent of the people live in
receive closer attention than those on the otherhaps
these large and thriving towns.
mentioned, since the condition of that proproads
Another fact which must have struck many strangers
been so completely transformed in the last few
erty
has
in traveling through the State, and which the Census
that one-half of the population of Massachusetts could
figures confirm,
people
the
the evenness of the distribution of years under the efforts of the new management which
area.
There are three has been in control during that time. In such circum-
over the whole
great counties
Chelsea
is
:
which contains Boston and stances the query
Suffolk,
Middlesex, where are
;
situated Cambridge,
Lowell, and six other incorporated
density of population in
very great
and Essex,
cities;
Lawrence and four other
in which are Lynn,
The
—10,773 to the [square
the square mile in Bristol
cities.
these three counties
in Essex and 511 in Middlesex
is
mile in Suffolk, 596
but the number to
;
335 ; in Norfolk, 240 ; in
Hampden, 214; in Worcester, 181 ; in Plymouth, 138.
These counties cover all the State except the six counties in the extreme east and the northwest, in which the
highest
90-7,
to see
number
is
to the square mile
and the lowest Dukes,
how
generally
all
35.
It
is
in
Hampshire,
may be
interesting
parts of the State have shared
in the growth of population during half a century.
show the area and the number of persons to a
We
square mile in each county for 1840 ^nd 1890
:
'-DentUj/ofpopttlal'n.^
lltmaehutetie.
BarDBtable
Berkshire
Dukes
Essex
Fianklln...
.
Hampeblre
Hlddlesez
Nantucket
Korfolk....
Plymouth
Area,
sq. miles.
373
959
557
124
503
665
634
572
827
65
494
671
45
Bristol
Hampden
the report of the Central of
.
SuOblk ....
Worcester
1,551
We
1840.
87-2
43-5
104-1
32-0
188-8
43-3
S8-9
,Si?
128-9
llO-O
87-0
70-6
2,128-3
61-4
,
1890.
78-2
84-5
334-8
35-7
596-4
58-1
214-0
90-7
5U-5
50-3
240-8
138-2
10,772-9
181-0
seem to see here the indications of a very healthy
growth and the promise of further growth. Every
year new towns place themselves in evidence by exhibiting a fresh life and increased enterprise. Each continues to grow, and in a few years has established itself
as a new centre— a ganglion, the nerve force
from
which spreads to the surrounding country. The most
is
a natural one, Did the company's
unchecked through 1890?"
and net earnings published regularly in our columns throughout the year
have in part furnished an answer to this question, but
of course the exact outcome of the operations of thetwelve months could only be determined by the full
annual statement. This statement now makes it clear
that if the reports for 1888 and 1889 were satisfactory,
the report for 1890 is no less so.
The income account shows a surplus for the stock on
the business of 1890 of $2,507,370, which would be
equivalent to 13*46 per cent on the $18,629,200 of capital outstanding.
Care is taken, however, to point out
that income from investments includes $428,120 of*
coupons maturing in 1890 on Lehigh & Wilkesbarrebonds held by the company, but the payment of which
coupons was deferred. Suppose, therefore, that that.
career of prosperity continue
The monthly returns
of gross
is taken out; suppose also we take out the $322,752 of "other income," representing premium on securities sold, etc.
even then there remains a surplus of
item
—
$1,756,497,- equal to 9-43 per cent on the stock.
The-
6 per cent dividends actually paid called for only $1,-
117,092, leaving on that basis a balance of $639,405.
The anthracite coal tonnage of the road in 1890"
was 840,393 tons greater than in 1889, but thetonnage mileage was considerably less, and owing to thfr
lower tolls received the revenue from coal fell off noless than $640,388— and this after a falling off in theprevious year too.
On the other hand there was an
increase of $504,902 in the receipts from general merchandise freight and of $353,603 in the receipts from
passengers, with an increase also in some of the minor
Plymouth County, items of revenue. The result is that total earnings
which had but 8,000 inhabitants in 1870, and until show
a gain over 1889 of $246,812, when the amount
recent case
within the
is
last
that of Brockton in
decade exhibited no remarkable growing was the
largest in the whole history of the company
|
—
.
r«BBCARY
I
7, 1891.]
HE CHRONICLE.
223
in the month reaches nearly one
bales— to be exact, 972,106 bales against 780,that the Central has been 523 bales in 1890 and 803,565 bales in 1883, the premaking very extensiro additions to its property and vious highest total. Spinners hare not been such free
plant, besides very heavy improvements and better- takers of cotton as in the month of last year, but for
For the purpose, however, of giving some the season to date the deliveries to them have been
ments.
lefiuite idea of the extent of the work, we may lefer 29,777 bales more than in 1889-90.
We
stnte also that for Jumiiiiy, 1891, there
may
is
liko-
l)rought into sight
—
million
wiso a decided increase.
It is of course knowu
a member of the finance
OVERLAXD MOVEMENT TO FEBRUARY 1.
directors last November.
of
board
committee of the
The gross overland movement in January has been
This statement covered the period from January 1, 239,531 bales, or 38,756 bales less than for the same
1888, to September 30, 1890, and showed both the exContrasted with
however,
to a statement prepared for
1889,
month in 1890.
there
p«nditures charged to capital account and those paid is a gain of nearly thirty-seven thousand bales, the
It appears that in this period of total then being 202,688 bales.
for out of earnings.
For the season to date
two years and nine months |s2,701,095 was spent for the excess over last year is 54,562 bales and compared
new construction, $2,998,556 for new equipment with 1888-89 it reaches 94,8il bales. The movement
and $482,013 for the new building on "West Street, via St. Louis, Hannibal and Louisville has farther
making 16,182,264 together. Besides this, $819,374 increased during the month, but through Cairo
was charged to expenses. In a word, over seven million and Cincinnati less cotton has been moved.
The
dollars was put into the property in one shape or net for
month also exhibits a loss from
the
another.
1890, but it is less important than in the gross,
In view of these heavy outlays, the financial con- being only 13,047 bales, the aggregate net reaching
dition of the company possesses considerable interest.
There
149,127 bales, against 162,174 bales a year ago.
It appears that the gross floating debt December 31,
is, moreover, a considerable gain contrasted with 1889.
1890, was $6,335,896 that is, the aggregate of all cur- The total for the five months records an excess over
rent liabilities amounted to that sum; but against this
last year of 69,399 bales and is nearly one hundred
the company held $4,635,321 of cash and accounts and
bales greater than for 1888-89.
The
—
whole
thousand
>ills
receivable, leaving a net
debt of only
floating
sidered an available offset,
and supplies be conthen the amount would be
further reduced $550,534.
The company holds
about $1,700,000.
If
movement overland
materials
for the three years
OVEBLAXD FROM SEPTEMBEB
a large
for
it
This
otherwise
reserve
would
be,
is
much
because
greater
than
bonds
com-
the
a premium, and in retiring old issues of debt
as they
mature an amount of new bonds smaller than
the total of the old bonds sufiices to provide the necessary
:
1.
1889-90.
1888-39,
of stocks
use.
mand
as follows
TO rEBBUART
1390-91.
and bonds of other companies in its Amount efiipped—
Via St. Louis
treasury, but the really noteworthy and exceptional
Via Cairo
feature of strength is found in the large reserve of
Via Hannibal
Via Evansville
general
mortgage bonds which it has available
amount
1
is
means
year only
to take
up the
$4,500,000
of
latter.
the
Thus
in
the late
new general mortgage
bonds were issued, as against the $4,989,000 of old
first mortgage 7 per cent bonds paid off; and some
other small issues of bonds were also redeemed.
As a
result, the reserve of general mortgage bonds was
$666,000 and now amounts to $6,253,900.
Through the taking up of the prior liens, moreover, the
new bonds are being given a steadily-increasing value.
bonds are a
first
mortgage except to
this extent.
«....
Via Louisville
Via Cincinnati
Via other routes
Shipped to mills, not Included above...
Total KToss overland
Deduct shipments —
Overland to
New
York, Boston, Ac
Interior
.
MOVEMENT TO FEBRUARY
With the
first
week
in
1.
movement
compiled from telegrams received by us each Friday
night, and our readers have therefore been able to
losely approximate the result for the full month of
as
January,
The
tables below cover the first five
of the cotton crop season,
September
5,089
191,929
79,946
60
8,390
28,368
214,811
49,613
22,804
24,683
193,485
57,456
5,297
12,048
19,741
742
275
670
4,952
12,150
7,941
902
791
750
17,218
33,107
Total to be deducted
327,511
342,34S
330.495
Leavlnfr total net overland*
787,424
718.025
639.589
This total Includes shipments to Canada bj raU, whlob since
September 1 In 1890-91 amounted to 37,678 bales, in 1339-90 were
34,493 bales and In 18el8-S9 were 27,238 bales.
*
RECEIPTS, EXPORTS
AKD SPIKNERS' TAKINOS.
Beceipts at the ports have reached a total, as stated
above,
much
heavier than ever before recorded in Jan-
compares with 700,
909 bales and 718,091 bales respectively in the like
month of the previous two years. The aggregate for
five months is 335,500 bales greater than for 1889and contrasted with 1888-89 shows an increase of
852,025 bales. All of the important Southern ports
except New Orleans have shared in the gain over last
year, and at New Orleans the difference is less proForeign
nounced than at the close of December.
exports continue on a very liberal scale, the shipments
during January having been 744,945 bales, as against
the
January we began the publi-
ation of a weekly statement of the overland
391,604
222,124
7,582
32.835
137,037
127,491
96,322
12,422
uary, being 859,979 bales, which
COTTON CONSUMPTION AND OVERLAND
367,781
257,285
51,060
15,739
91,883
153,035
117,677
5,913
1,114,935 1,060,373 1,020,084
towns
Galveston, Inland and local mills
New Orleans, inland and local miUs.
Mobile, Inland and local mills
Savannah, Inland and local mlUs
Charleston, InUud and local miU*
N. Carol'a ports. Inland and local mills.
Virginia ports, inland and local mills..
Between
increased
The mortgage is for 50 million dollars, of which $34,960,000 are outstanding at present. The total amount
of preceding liens now is only $8,786,100— that is, the
415,616
210,711
77,232
13,934
145,259
130,924
109,547
6,712
months
90,
embracing the period from
January 31, 1891, and they show 595,281 bales
The
1, 1890, to
last year and 580,377 bales in 1889.
although the amount carried overland is a little less season's total is now 172,326 bales heavier than in
in January than last season, the port receipts have been 1889-90, and exceeds the aggregate for the preceding
so large that the staple has been more rapidly marketed year by 750,124 bales.
Port stocks have been reduced
during January of the current year than ever before in only about seven thousand bales in January and ara
any corresponding month.
In fact, the net amount much ahead of a year ago.
that,
:
THE CHRONICLE.
224
Movemmt from
Sffl.
1,
1800, to
1890.
Britain*
.
14,244
UobUe
210,053
Florida
83,782
879,828
Barannah
Bnuuiwlck, &a
Charleaton
Port R07al,&c.
217,915
23,303
296,0;i8
Wilmington
376,143
625
166,133
8,463
600,088
SSS.942
55,735
57,880
69,418
Waahlngt'n,*c
Norfolk
Wwt Point
Newp'tNewitAo.
Haw York
,217,09'
49,145
21,713
110,942
91.278
101,665
636,483
143,030
1M,S61
Stoclu
Feb. 1.
606,501
16,874
378,720
537,335
49,845
21.713
1,572,171 1 ,600,414
we have prepared the
shows the movement for the last four
351,439
46,506
32,928
322.61'
486,487
89,445
105,737
7,589
16,330
14.459
15f,S61
274,3c6
61,582
62,110
127,935
28,255
31,181
247,720
116.997
55,902
19,551
112,681
28.26
382.867
September..
October
November...
December...,
January
Total 5 months.
74,228
201,990
97,446
279,345
11,54.1
28,88'
40,3
70,472
46,479
51,056
48,004
20,630
249,356
20.033
12,276
123,70.^
424,209
824,369
1 ,702,322
1,594,418
1,646,229
1,609,618
1,613,028
1,573.921
1,493,289
1,.M5,207
1,517,937
1,588,766
1.639,906
1.340,871
972,106
780.523
771,817
510,271
6,770,349
6,225,f00
5,752,489
5,934.183
To
furnish a more exact measure of the receipts up to
1 we give below our usual table of weight of
February
bales for three years.
18,000
35,682
103,249
87.115
1,655
18.036
8,589
418,280 1.215,973 3,766,146
910.059
l:i8.178 3.593,820
897.851
Number of
Weight in
288,8* 919.597 3.01B.022
4.445.900 l.> 07.622
Total 1888-89...
* Great Britain exports Include to the Cbannel.
933.187
Bala.
Pounds.
BOltOB
Baltimore...
<2,';»3
Flilladelptaia,Ae.
31,805
42,182
Total 1889-90...
9,241
18,381
2.131,893
Total 1890-91... 6,297.925
3.101
100,148
4.9e?,426 2.038,718
421,ti24
I.
facts disclosed
1890-91.':
1889-90.
Same
17.323
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
Using the
Fivv llonthn Endinti Feb.
Alabama
South Carolina.
Virginia
North Carolina.
Tennessee,
Bonthem oonaumptlon
bales. 6,375,349 5,950,450 5,400,489
Total to Feb. 1
<&o..
Total
3,209,943,032
1891.
1,
Samt
peri'd in peri'd in
1889-90. 1888-99.
Average Average Average
Weight.
Weight.
52911
525-02
495-05
499-80
50300
496-43
493-80
490-33
497-84
508-00
503-49
Weight.
497 00
486-86
825-49
493-50
507-00
490-12
48000
48600
485-44
488-06
500-00
490-84
485-80
501-90
490-65
497-54
Including Florida.
Beceipts at the ports to Feb.l
bales. 5.297,925 4,962.425 4,445,900
Met snlpmeuts OTerlaud during Bame time 787,424 718,025 689,589
bales. 6,085,349 5,680,450 5,135.489
290,000 270,000 265,000
since September 1
6,375,349
240,043
1,067,969
Qeoriirla*
1888-89.
376,768
821.765
169,595
1,269,253
453,860,505
785,772,565
121,941,844
530,171,851
186,048,038
402,936,032
84,431,673
644,780,524
857,781
1,572,174
Louisiana
*
Total receipts
1887-88.
648,770
WEIGHT OF BALES.
3,
346.910
1838-89.
855,274
1,768
125.133
seasons:
1889-90.
1890-91.
UonUu.
83,535
which
following,
previous years,
TO-
Total.
70.081
18.874
24,933
409,687
758,085
18,056
..
1, 1890,
Continent.
Oreat
Sept. 1,
1839.
Sept. 1,
Fell. 1, 1881.
GftlT68ton
El Fuo, Ac
Kew Orleans.
KXPOETS SrWCK SKPT.
Rtcetptt Beceipti
since
tine*
[Vol. LIL
It will be noticed that the
movement up
to
February
1 shows an increase in the average weight as compared
with the same periods of the last two years, the average
against 496'65 lbs.
503'49 lbs. per bale,
marketed since September 1 in this year being
time in 1889-90 and 497-54 Ibe.
1890-91 is thus seen to be 424,899 bales more than in per bale for the same
1889-90 and 974,860 bales more than in 1888-89. To in 1888-89.
determine the portion which has gone into the hands of
THE COTTON GOODS TRADE IN JANUARY.
Northern spinners during the same period, we have preThe market for staple cotton goods opened quiet, but
pared the following:
large business in bleached shirtings was stimulated in
The amount
of cotton
'
a
Total receipts to February 1,1391, as above
bales. 6,375,349
Stock on hand commencement of year (Sept. 1, 1890) —
At Northern ports
20,295
At Southern ports
40,97461,269
At Northern Interior markets
1,327—
62,596
Total supply to February 1, 1891
6,437,945
OI this supply there has been exported
to foreign ports since Sept. 1, '90.3,766.146
liBSB foreign cotton Included
7,893-3,758,253
Bent to Canada direct from West
37,678
Burnt North and South
4,060
Stock on hand end of mouth (Feb.
1,
AtNorthera ports
At Southern iwrts
162,597
3,662-4,713,712
Total takings by spinners since Sept. 1, 1890
1V7-I4,233
Taken by Southern spinners
_290,000
Total takings by Northern spinners since September 1, 1890 1,434,233
Taken by Northern spinners same time in 1889-90
1.404.456
bales.
2^,777
indicates that Northern spinners had
up
to February 1 taken 1,434,233 bales, an increase over
the corresponding period of 1889-90 of 29,777 bales
and a gain over the same time of 1888-89 of 107,220
fair
bales.
An
is
of the crop which was in sight on February
compared with previous years.
1890-91.
Total marketed, as above.... bales.
Interior stocks in excess of Sept. 1.
Total In right
bales.
6,375,349
395,000
6,770.3 19
1889 90.
5.950,450
275,440
6,225.890
it
will interest the
into sight each
'
month
—the lowest figures ever reached in the history
the
1.
1883-89.
5,400,489
352,000
5,752,189
reader to see what has come
of the season during this and
1890.
u
.5
OoU'n Print- Sheet- Lan- S'lh'n Oott'n Print- Sheet- Lan- S'th'n
ings, caster 3-yd.
low
ing
lote
ing tngs, caster 3 -yd.
mid- cloths, stand- ging- sheet- mid- cloths. stand- Ging- sheetdling. 64x64 ard. hams. ings. dling. 61x64. ard. hams ings.
1
1
2
a
8%
8\
..Holi day...
3-00
714
300 7^4
\
9
10
3-00
8% 3-00
8% 3-00
8^ 3-00
SlillB 2-94
818)6 2-94
85i
.
2-94
2-94
2-94
12
8is,„
13,
14.
813^
15.
816„
18
8"l6 3-00
IV.
18.
19.
20.
21.
H7«
22.
818,6 3-00
R'Sis 3-00
8l»,s 3-0O
24.
25.
2«.
27.
28.
29.
7H
6'4
714
7'4
714
714
7H
7H
7M
6I4
6>4
6I4
7-4
7'4
714
en
614
6"4
74
6H
7 '4
714
11
23
1
"7\"
...8...
8"»
813, „
300
3-00
714
7»4
7^4
7^
7>4
6>4
614
6»4
6>4
6I4
7=4
714
7 14
7>4
7'4
714
300
714
714
714
7-4
714
en
7H
6H
6I4
614
6I4
6I4
.... ...8...
HHt8 300
8>3ie 3 00
7^4
IM
9\
9%
9%
9%
9%
714
714
3-56
3-56
3-36
7^
7H
7-4
714
7>4
7H
'g\"
6%
6\
6\
G^
6!(l
6:tl
6%
6%
6
6
6
6
6
6
6
6
6
...8... .. ..-. .. ....
10
91618
916,6
10
lOlig
3-50
3-50
350
3-50
3-50
3-50
714
?'4
7I4
7-4
7 14
lOSi,
10J,8
107,,
350
lOifl
3 50
3-50
3-50
101a
350
lO"*
3-50
6^
6^
6:U
7>4
714
7'4
7I4
7^4
6%
6^
6%
....
6^
6%
6^
6%
6H
7H
6!%
7H
...8...
6I4
eu
en
en
7^4
714
714
...B...
3-56
3-53
913,6 3-56
3-56
97r
3-56
978
3-50
10
lO>e
-.8...
SiSf 3-00
.
.8...
714
714
7 '4
7'4
7^4
714
«"„ 300
This indicates that the movement up to February 1
rV
8%
of the present year is 544,459 bales more than in
30 J 8^
31* S3t
1889-90 and 1,017,860 bales greater than in 1888-89.
As
business in colored
considerable
1891.
R
additional fact of interest
total
a
Stocks of print cloths were materially
reduced towards the emd of the month, and the market
closed firm at 3c. for 64x64s and 2 9-16c. for 56x60s.
7
SIGHT.
la the foregoing we have the number of bales which
has already been marketed this year and the two previous seasons.
demand, and
Print
cottons was done by the commission houses.
cloths opened at 3c., but sales were afterwards made at
5
H
AMOUNT OF CROP NOW IN
price concessions.
of the trade.
747,462— 910,059
Increase In takings by Northern spinners this year
month by means of
Some stocks were entirely closed out and leading makes
were subsequently advanced ^^c. per yard, while other
makes are held "at value." Brown cottons were in
2 15-16c.
1891)—
At Northern Interior markets
The above
the fore part of the
3-ao
3-56
3-56
3-56
3-56
7'4
714
6
6
.
...B...
lOia
10>«
107,8
107,.
6
6
6
6
6
6
6
6
6
6
..
n't!.
..••
6
6
6
6
6H
6%
6\
10'"
6
714
Kit
6%
The above prices are— For cotton, low middling uplands at New York;
3-00
3-00
3-00
3-00
7>4
7 '4
1
7>4
714
7H
7>4
7H
6>4
7^
7>4
7I4
for printing cloths, manufacturers' net prices: for sheetings, agents
prioei, which are subject to an average discount of 5 per ceut, except
when otherwise stated; Southern sheetings net.
:
.
....
FtaBVABT
.
The range of Oovernment bonds sold at the Stock Exchange
January was as follows:
OOVKRICIIIMT BOmM.
44*. 1891
following table shows the highest and lowest
prices of railway and miBcellauoous stocks at the N. Y.
Stock Exchange during the month of January, 1891.
unlisted issues are designated by an asterisk.
HAILROXD AND MlgCBtLANBODS STOCKS.
Low.
RAti.ROAns.
A
Atloiitto
riicilU'....
Bo».4N.Y.AIpUue,pf
BulTRoch.APlUS
Do
pref
Canadian Paolflo
Canada Southern
Cedar Falls & Minn..
Oenwalof N.Jersey..
Central Poeltlo
Ofce«.AO.,Vot.Tr.eert.
do Istpref.
Do
no
2d
do
pref.
Ohioairo & Alton
Chlo. Burl.AQulucy..
Cblo. & East 111
Do
prof..
CWc.
&
A Pitts
...
DeL Lack. A Wcatcrn
Rio Grande.
Do
.
pref
Des Moines A Ft. D.
Dul. 8. 8. A All. pref.
A
E.Tenn.Va.
Do
Do
Ga. Ry.
1st pref.
2(1 prof.
Eransv.
A
Tcrre H..
FUnt APcreMani.
.
Do
pref.
•Georgia Pacillo
Great North'n, pref..
Green Bay W. A 8t. P.
Hous. A Texas Cent..
nilnois Central
Leased lines
Iowa Central
Do
Kanawha A
pref..
Ohio....
Keokuk A DCS M
LakoErleAWesfn..
Do
pref..
Lake Shore
Long Island
A St.L. con.
Do
pref..
LoutsvUle A Nashv..
Lou. Er.
Lonlsv.N.AUi.ACh..
Louis. St. L.
A Tex...
Mahon.CoalKR
Do
pref.
Manhattan, eonsol...
Memphis
Charles..
Central
Jt
Mexican
MexicanNat.. certs..
Mlohigan Central....
A West.
Do
pref..
MlnneaiwUs A 8t. L..
Do
prer..
M. K. A T. ei. 2d M.
Mllw. L. Si.
pref
"
Do
Do
1st iiref.
2d pref.
K. Y. Lack. A West.
N. Y. Lake Erie A W.
.
Do
pref.
N. Y. A New England
N. Y.N.H. A Hartford
K. Y. Ont. A West....
A Rock. Beach,
Y. Susq. AWest...
Do
pref.
Do
•
118
31
l'.:8>4
130
A Western
.
.
pref..
Orcg. 8h. L.AU. N...
I'eo. Docat. A E'vllle.
Peoria A Eastern
certs.
Pitts. Cln.C. ASt. L..
Do
pref..
Pittsb. Ft. W. A Chic.
IB"*
Kens(4elaer
A
41\
40i«
02
Sara...
Terminal.
Rich. Term., pref
Rio Grande Western.
77>«
82"*
59\
es-'Si
34 Og
121a
15'g
55
150 >a
35
183
19%
74 >«
23
321a
5514 6»l4
100 10312
26 >a 3 ii«
120
1221*
I2I4
10
St.
133 >« l.<8>2
67 « 72''e
231a 27
31
671a
Do
pref.
Rome Water A Ogd..
L.Alt. AT. If....
Do
pref.
57>4
6
18i«
8
48
149
28
IRO
16
tr. reo.
U3\ Richmond
80
94
150
AW., i>f
Pitts.
*8t.L.AArk.AT..reot8
St.L. A S. F Istpf..
8t. Paul A Dululh....
58
70
24
251a
85
88
8t. Paul Minn. A Man. 100
106
4i«
South Carolina
31a
Southern Pacitlo Co..
23
2614
Texas A Pacitlc
I6I4
14
1S2
25 % 29
130>« 13t!'«
131
139%
163«
2uig
61
sm
61
87
12^ 14
Do
pref..
Tol. Peo.
Western
Union Pacific
141a
4108
48iig
7
Union Pae. D.
2<>38
63'a
4^
16
112
ISTg
81
8>«
ISiu
Do
8%
15^
7
Adams
American
63
71%
7918
Wells,
26
145
93
Coal and Misong.
1451a
1...
S...
8...
H.
4 80-4
4
i....
5...
6....
7....
8....
9....
10....
4
4
4
4
4
4
U....
H.... 4
80-4
8
814-2
824-3
824-3
83-4
83-4
83-4
D«matut-
3858
171a
19%
25
26
15
7913
17
Low.
Do
9 ^g
44
5H
pref.
O-'g
38
39%
323g
301a
pref.
80
•Am. Cattle Tiust...
•Am. Cotton Oil Co...
•Do
pref..
•Do
Tr. certs...
•Am. Sugar Ketln.Co.
11
86
Low
A
nigh.
lo;t4
xl02
Low.
15''g
331a
91
4 86-4
BrunswickCo
80
99
100
21
19
21
25
•Buckeye Pipe Line.
~ Comp'y.
~
!2>i Chicago Gas
14
C.Jot.Ry.A V. 8. Yds.
23 19 Commercial Cable...
6- =8 Consolidated Gas Co.
28%
Dl8.
A Cat.
54
Do
07
984
Do
Do
6
l>o
88
15
55
95
1024
174
IO214
pref..
133e
60
Df
dayt.
mand.
4 83-4
4 84-4
844-5 4
4 854-6
854
.
.
99
9%
9
trust rec'pts
9
stamped
8
4,
9
December
31 for comparison.
204
60
39
214
42%
11% 18
154 28
314 35'^
71
784
34
184
37
Bullion
SUiVBB— Standard
58
58
56'a
144
854
164
76
80
Tel..
8.
Jan.
60
Dt-
dayi.
mand.
4
87-4
874-84
26....
27....
28....
29....
30....
31....
4 85-6
4 85-6
4 85 6
4 85-6
339,194,312
835,631,138
28,804,003
34,090,500
Fractional Bllrercoia..
BUndard
Act July
dollars,
14, 'DO
surer bullion,
18,355.807
6.820,151
United States notes..
National bank notes.
e&&
Fractional currency..
13,356,648
24,676,313
Oold certificates
Silver cenlflcaies
Currency ceniacatea.. ........
D. 8. Treasury notes, July U, '60
n. 8. bonds and Int., porctassed
laterest checks and coupons paid
Interest on D. C. bonds paid.
10,000
8,193,717
3,702,2)14
S5,154,7-«i
26,963,132
139.880
106.833
26,87'
442
27.310
163,867
21«,733
S75,8rd
Deposits In Nat. (General Acc't
b'k deposit'r'B
31,384.690
19.8K2.050
S.il«,7»H
140.000
Minor coin
(
Olsb.ofDo'a bal.
LIABILITIES.
Bas've for red'pi'n of U. 8. note*
Oold cenlflcates. Acta 1863-188^
Sliver certmcates. Act 1818
Currency certiticates, Act 1872..,
V. 8. Treaa. notes. Act July, 1880
Public debt and interest
Interest due and unpaid
Accrued interest
Matured debt
li tereston matured debt...
Int. on Pacific KR. bonds,
due unpaid
Accrued Interest Pacific
RR. bonds
25.488,639
25,001,175
4,lJs:,S68
Aggregate
20,289,043
4,5)8,4711
30,047,113
747,006.985
731,491,534
100,000,000
17S.731.499
3O7,062,K7»
ll.SOO.UOO
100,000,000
175.431 ,9«»
30«.855,778
6,820.000
84,090,500
28,8.14,00V
885.141
1,S00,«S6
l,6'9,4i«
143,130
59S.301
2,828.P87
2S,230
7,880
l,rta2,8US
14X.959
Balance of Int. anticipated
by Department circulars
6,6W,59t
4,103,381
officers' balances—
(Treasury OfHces ..»a8.«a7,l62
Disbursing
.
4,287,888
i Nat. b'» deposltr's.
Post otflce deaartment account.
Undistributed aaaeta of failed
Nat lonal Danka
Cnrren'y and minor coin redemptlona accoauc.
Fractional silver coin redemptl'n
account
Redemption and exchange acc't.
Treasurer U. H., atcent for paying
interest on D. C. bonds
Treas. tranfser checks and drafts
oufataniilng —
(Treasury oSlcea.... t2.933,S90
iNat.b'kdeposlt'riea 1,141,368
30.925,030
5.3S6.29r
U3.353.50S
4,793,716
1,281,378
1,173,070
1,240
1,140
11,880
1,«14.33»
4,460
966,101
292,539
5,910,068
4.074,882
46,486,618
43,358,322
Five p. c. fund for redemption
of national bank notes
ToUl
liabilities
Cash balanceNet amt.in Nat.b'kdep'a'ries
Frac. Sliver. Krac. Currency
andmlnorcotn
Net balance In the Treasury
5,666,364
5,564,86e
676,186,440
673,919,781
23,859.813
84,199,87*
20,219.838
19,153.00«
14,818,984
2«,77U,81I4
57,571
70.880,645
Aggregate.
DEBT STATEMENT JANUARY 31,
is
the
official
of Loan.
rnt'r't
Amount
Pa*'l<
Inutd.
Amount
BtgUterti.\
4
Fond ed Loan. .1891 Q.-M.
Funded Loan....l9J7 Q.-J.
R«f anding Certinc's. Q.-J.
4Hs,
4a,
4s,
1891.
statement of the United
States public debt at the close of business
1891.
INTKREST-BEABINO DBBT.
TUK
3U
i31.4Ul.534
747.006.988
The following
t88-4
Open. 4 80-4 4 39
High.. 4 86
4 89
Low.. 4 80
4 85
Last.. 4 8.-i4-6 4 88
293,040,214
Trade dollar bullion
4 88-4
4 88-4
4 88-4
854 6 4 88
4 854-6 4 88
297,BG7,M8
Dollars...
Bullion...
1064
1014 lo7%
4 864-7 25....
4 88-8>»
6 4 88-89
DlCEHBXaSl, I8M1
1891.
QOLD— Coin
811a
Oi4 97%
42% 49
Feed. Co.
534 574 Western Union
18..
09
38, small....
Virginia 68 der. bonds.
5
January 31,
95
34
4714
75
75
103 4 107
Edison Gen. Electric.
LaoledeGas, Bt. L...
86-4 19.. 4 85-4 188'4"
4 804-7 20.. 4 8,5-4 4 88-4
8H4-7
4
21.. 4 85-4 4 88-4
4 8611-7 22.. 4 854
88
8.
23.. 84454 4 874-8
83-4 4 864-7 24.. 84454 4 p74 8
4
4^
We
figures for
20
43
861a
6ht
4
High.
4%
fund., e«
Tenn. news«ttlem't68.102
102
Do
9s
1004 1004
Do
3s
x69
71
The subjoined statement has been issued from the office of
the Treasurer this week. It is based upon the antual returns
from Assistant Treasurers, depositaries and superintendents
of mints and assay offices, and shows the assets and liabilities
give the
of the United States Treasury January 31.
15% 22%
5713 72%
Do
13.
14.
15.
16.
4'854-6 17.
Car.non
So.
!13
UNITED STATES TREASURY STATEMENT.
15
•Do
pref..
Amer.TcI. ACable...
Amer. Tob. Co., pref.
Nat. Cordage pref...
57
70
•Natiouiil Lead Trust
23
2678 National Linseed OIL
104
10914 North American Co..
19
21«4 Oregon Impror. Co..
484 52
Pacific Mall
32\i 41% •Pipe Line Trust
254% 270
Postal Tel. Cable
1514 I714 Pullman Palace Car.
20
20
Sliver Bullion certs..
7% 0% 'Sugar Refineries Co.
284 36^1
tr. roots
144 16% Tex. Pac. Land Trust
4 85
4Sft
•130
and lowest prices are from actual
Stock Exchange:
RANOB OF STATE IIONDS IN JANUABY.
Alabama Class
81
BigK.
12
41
Tenn. Coal A Iron
93
S3
111
Jan.
•lUH
117
higha.?t
Louisiana oonsol. 4s .. xfll 4
small
91
Do
4
No. Car., Chut. RR. 6«
96
Oonsol., 1910, 48
small
674
Do
5
Bpi'Oialtax
6
trust rec'pts
Do
daily posted rates for 60 days and demand sterling
exchange in January are given below, it being understood
that bankers' actual rates are usually a fraction below the
prices posted
BAWtEM' BTBRLDIO BXOHAMOI (POSTED EATES) FOR JAKCABT, 1891.
60
•121
•121
New York
Unlisted.
days.
Our,
•Wrtg,
•103 '4
1204
Prices bid— no sales during the montn.
The
/on.
6(,
•118
•118
•117
121%
1204
•103
.
33
Central Coal
Ontario Silver Mln..
QulcksUver Mining..
147
95
100% 104
Ilia
142
113
Various.
24 >4
5
eOH
. .
New
18
85
105
105
19''8
Ifg
Fargo
I>o
40
10
23%
Consolidation Coal...
.Maryland Coal
Minnesota Iron
27
40
44
3514
747,
18
120
6519 70
137
140
United States
ISH 1!>H
54% 5S>4
lOPie lOdOg
8SI4
86
soil
30
55
21
67 »a
pref.
A Co.
Coal and Mining.
Ol^
7>« Colorado Coal A Iron
Col. A Hock. C. A I ..
23
7
241a
11
914
le's
29ia
E9fRi:ss.
79
Iftig
141a
21
pref..
Wisconsin Cent. Co..
103^
5
91
88
105
* O...
Wheel.AL.Erie,com.
97VJ
90i«
6's
96%
A O. Cent
A
22
84
8 "a
2's
19
15
85
105
A.
lift
6 >«
2
20
Ann
Wabash
Do
66
6>a
72
Tol.
Tol.
ft
60>4
6«. Our.,
121
pref..
A No. M.
1719
EQclimt.. '1034
Loireat..'xl02
Closlag..*xl02
u, inor.
4«, 1907,
r€g.
,
Do
98
57
eoup.
•10a4
•1034
The following
14>a
A Read
Phila.
^9\
32^
SS"*
20'4
Missouri Pacillo
"'
Mobile
A" Oblo
Morris A Essex
Nash-Chatt. ASt. L..
W. Y. Cent. A Uud. R.
K. Y. Chic. A St. Louis
Norfolk
106
30
17
44
29
lOiU
pref..
Cleveland
N.Y.
*H
Northwest...
CoL Hock. Viil. .t Tol.
Delaware A Hudson.
jr.
4>s
108»«
.
'
51=lt
112
* Rock Isfaud
Chlo.8t.P.Mmu. &0.
prof..
Do
CI. cm. Chlo. ii 8t. L.
Do
pref..
Do
7?.%
48>9
&C\
Do
A
TCi'Sh
7iU
lO.'i'*
Ohio.
Den.
3*'^
20
74
44*. 1801,
OMDing.. 'lioS^
sales at the
Low. Biih.
30
63 < 74
18
lO'g
14
1714
75
82
24I4
IB
pref..
Mississippi...
Ohio A
Ohio Southern
Oregon Ry.ANav.Co.
103
prof..
Do
Do
ft
A8t.P»nl.
Okie. Mil.
Railkoads.
Northern Pacltlo
HigK.
28% 3iH
101
2U
in
The
AtohlsonTop.itS.Fe.
—
:
•HBB CHRONICLE.
7, 1891.]
BE VIEW OF PRICES IN JANDARV—
STOCKS, GOVERNMENT BONDS
A ND FOREIGN EXCIIA NOE.
The
.
January 31,
Outttanding,
OovijMr,.
Tb(«l.
$850,000,000 (48.8)1,650 (13.666,150 (67.487308
740,820,850 483338,890 76,780,160 669,5«ai,0M
S8,aB«
40,013.750
Aggrega'e ezotudlng
Bonds to Pac.
Ra
i.O'<:.i>»a.ino
Bse.e^o.snn
anitaaano
«i-.i4it.';iM
:
.
:
:
^
.
THE CHRONICLE
226
DKBT ON WHICH INTKRE8T HAS CKA8BD BINCK MATURITY.
11,678,695.
Aggregate of flebt on which Interest has ceued elnce maturity li
amounts are
This debt conilBt* of a number of Items of which the principal
called bonds.
^^^^ BEARING NO INTEREST.
Legal-tender notes
Old demand notes
National Bank notes
Redemption account
;
Fractional currency
•.••!•
Less amount estimated as lost or destroyed
*^''''S«'n.ifl
BH.vax
„ ,_,
»,,
*^'""''"^'^
-iiiAi^iW
9lD,!l^,4ll
6,909.477
»409,7B3.S36
Jn
market is so
that even on Wednesday the
open market rate of discount fell to 1^ per cent and loans
from day to day were made at 1 per cent. Usually the col-
weeks.
Yet the supply
Amount
In
the
of loanable capital in the
demand
revenue is so considerable at this time of the
year that it gives the Bank of England control of the market,
but the collection of the revenue now is to a very considerable
extent neutralized by the payment of the Baring acceptances
by the Bank of England. Last week they amounted to nearly
lection of the
--aH^aoA
8,375,934
Aggregate of debt bearing no interest
The Bank, therefore, is likely
amount of gold within the next few
of England,
to lose perhaps a large
largely in excess of the
CBRT1FICATE8 AND NOTEB ISSUED ON DEPOSITS OF GOLD AND
SILVER COIN AND LEGAL-TENDER NOTES.
CiawyitoJion of Certificates and Notes.
now by the Bank
|VoL,LIIv
£900,000.
The price of silver rose early in the week to48%d. per ounce
but fell on Wednesday to 48d. per ounce, on Thursday to 475^d
and yesterday to 47i^d. There is little demand at present for
India and none for the Continent, and consequently the market
is almost entirely governed by the movements in New York.
There has been no repetition this week of the large purchases
which were attributed to American operators, and there has
therefore been little doing. In the market for silver securities,
prices are very well maintained, but there also there is a
Issued.
Treasury. Circulation
..
tl9,892,050 tl55.8S9.449 $175,731,499
8,818,788 303,844,086 307,062.874
11,500,000
11,360,000
140,000
28,804,000
28,101,706
3,702,294
Gold certiaoates
surer certificates
Currency certl0cate8....
Treasury notes of 1890,
Aggregate of
(26,963.132 $496,145,241 $523,098,373
certificates..
COMPARISON OF DEBT WITH THE PRECEDING MONTH.
Jan.
ClastlMatitm of Debt.
Dm.
31,
31,
1890.
1891.
Interest-bearing debt
Debt on which Interest has ceased.
617,146.750
619,019,740
1,679,698
1,682,508
Debt bearing no interest
408,753,586
404,970,706
Increase or
Decrease.
D. 1,873,990
D. 2.810
D. 1,878,800
D. 2,217,170
Aggregate of interest and non-Inter1021,578,981 1025,672,951 D. 4,093,970
est bearing debt
Certificates and notes offset by an equa
amount of cash in the Treasury.
Aggregate of debt,
incl'g cert's
823,098,373
and notes
516,193,247
1844,677,364 1541,871,108
Cash in the Treasurv.
Beserred for the following ourposes
100.000,000 100,000,000
Redemption of U. 8. notes
Redemption of gold certiflcates issued. 178,731,499 175.431,969
307,092,874 309,865.778
Redemption of silver certf s. Issued.
11,500,0001
6,820,000
Redemption of currency certfs. issued.
Redemption of Treasury notes
28,801,000
24,090,800
and
accrued
interest,
Matured debt,
4,103,391
6,870,597
interest due and unpaid
Total cash res'ved for above purposes 827,201,764 621,868,844
Available forother purposes
Fractional silver, fractional currency
20,249,838
19,153,006
and minor coin not full legal-tender
Net cash balance, including national
ized the note issues of banks to be nearly doubled since it ^
came into existence. It has granted guarantees to railway
50,630,707
38,418,807
Total
698,082,309
679,440,657
Debt, less caah In the Treasury.
846,598,0481 862,430,541 D. 15,838,496
1.18.641,652
BONDS ISSUED IN AID OF PACIFIC RAILROADS.
Int. repaid by Compan%es.
Interest
Interest
Principal accrued
OUtr
and not paid by
standing. yet paid. the V. S.
of
BaUway.
By
Trans-
'portation
Service,
28,885,121)
129.426 38,100,859
$
6,184.088
Pacific.
6,303,000
81.515: 8,068,683
8,667,092
Cnl'n Pacific
Oen.Br. U.P.
West. Pacific
Blouz C. i P.
27,238,512
12,887,388
1,600,000
136,182 07,214,881
8,000 2,260.808
1,970,88*
9,853] 2,585,001
1,628,320
S.143
Cen. Pacific.
Kan.
Totals
.
64,623,512
2,197,042
323.118 88.30a.674.
Balance
pay- of Interest
paid by
jn't«;5p. c.
net earnings. the V. S.
By cash
489,996
9,367
170,786
23,248,657^
$
688,283
28,268,518
6,108,691
438,410
6,927
24,208,483
1,802,886
3,545,634
2,026,286
1,103,620
_
opinion of the directors there is no ground for the apprehend
sions felt. Confidence, however, has not quite returned, Th*
bad effect of the selling of consols was increased very much
by large sales of Brazilian Grovernment bonds, chiefly by Paril
operators. The Provisional Government of Brazil has author- r^
i
Name
but the market's view at the moment was that it was necessitated by the difficulties of a great house which is largely involved in South America, and which it was supposed was further embarrassed by the failure of a railroad contractor. The',
market view however was probably erroneous, for even before-j
evening arrived the price of consols had quite recovered, and
The reduction of the rate of
it has since further advanced.
discount by the Bank of England, too, is evidence that in the-
. .
bank fund
decided slackening of activity.
The sale of about a quarter of a million sterling of consols
on Monday, causing the price to fall about %, revived the
alarmist rumors which were so rife a couple of months ago.
Various explanations have been given of the sale of consols,
63,950.397
[From our own correBpondent.]
companies involving an annual charge of over four milUon
N<i
sterling, and it has given guarantees to other companies.
doubt many of the guarantees will never come into effect,
it is impossible the capital can be issued; but the recklessne
of the
Government
is
inspiring
much
apprehension, especially"
as speculation also is very wild. There is much discontent
apparently also with the Government on account of excesses
by the troops, and in fact the constituent assembly now sitting
has passed a vote of censure on the Government, in consequence of which the Ministry has resigned. On Monday,
owing to all this, there was a fall of about six in Brazilian
bonds, but they have since recovered.
The news from Chili continues very disquieting. There is
so strict a censorship of the telegraph that we know very
But part of the Chilian Navy is
little of what is going on.
said to have revolted, and it is reported that there are dissensions in the Army. From Buenos Ayres and Monte Video the
London. Saturday, January 24, 1891.
news continues as bad as ever. It is understood, indeed, that
Bank of England on Thursday lowered the Argentine Government and the Waterworks Company^
their rate of discount from 4 per cent, to which they had re- have at last come to an arrangement, but while that will benduced it on the 8th, to 3J^ per cent. Some surprise has been efit the guarantors of Messrs, Baring Brothers, it makes no
expressed that they did not at once put it down to 8 per cent, alteration in the financial condition of the country, which is
for aU over Europe the value of money is steadily declining, as bad as it well can be. Here at home the railway strike in
the Bank of Holland this week having reduced its rate of dis- Scotland still continues, and though the railway officials decount from 43^ per cent to 4 per cent, and in consequence it is clare that it is collapsing, the men insist that they are as deexpected that the Dutch demand for gold will soon come to an termined as ever. There are also fears of strikes in England,
end. But the directors are right in being cautious, for the for- and owing to all these circumstances business upon the Stock
eign demand for gold is large, during the week ended Wednes- Exchange has been greatly checked, A fair amount of inday night as much as £713,000 having been withdrawn from vestment is going on, eis there always is at this season, when
the Bank of England. The German and Brazilian demands interest and dividends in such large amounts are paid. But
are likely to continue, and of course there will be a demand speculation, which was comparatively very active last week,
from other quarters from time to time. In the middle of next has this week been almost entirely stopped. In the American
month the loan from the Bank of France of three millions market there is scarcely anything doing. There is a fair desterling will fall due, and so will the Treasury bills which the mand, indeed, for good investment bonds, but the speculation
The
directors of the
Imperial Bank of Russia took for the 1}4 millions it supplied
to the Bank of England.
The assumption is quite general
that
both
those sums,
amounting together to 4%
that appeared to be springing up last week has quite come to
an end. The same is true of nearly every department. Even
in Paris, where it was supposed the brilliant success of the-
millioDB
new loan would
be taken from this country, or,
French loan is almost certain
to be re-paid, as the money cannot be profitably employed
at
all
sterling,
events,
will
that
the
further increase business, it has not been folAnd Berlin is still going,
lowed by the anticipated result.
through a slow liquidationi
—
Ffbruart
7,
.. .
:
.
:
'IHE CHROJNlCLIi
IWI.J
This week tho conversion of the Rusaian four and a half
per cent loan of 1876 is announced. The amount ia a little
over 14',^ millions sterling, but the Government will pay oflf
in cash nearly two millfons sterling, and convert the remain-
Very soon
der into four per cent bonds.
the convenion of one of
on the Egyptian Tribute will
afterwards tho conversion of
—
—possibly next month
the three Turkish loans secured
be undertaken, and immediately
the Egyptian Domain loan will
bo carried through. The colonies are appearing in com.iderable numbers as borrowers in this market, and in Paris it is
expected that attempts will be made to raise Italian, Spanish
and Portuguese loans. All this points to a revival of confidence among bankers and promoters, and it is known that
there are many companies ready to be brought out as soon as
It is very doubtful, however,
the time seems favorable.
whether the confidence felt is justified for, as was shown on
Monday last, the shock to credit is not yet recovered from.
The slightest accident revives alarm. It is therefore improbable that new money in any considerable amount can be
raised except for governments in the highest credit, or for
companies respecting whose future there can be no reasonable
;
doubt.
The railway dividends continue to show that during the
working expenses was greater
than the growth of traffic, satisfactory as the latter* was. Up
to the present nine companies have announced the results
Three of them declare
of working during the half-year.
the same dividends as this time last year and six declare
lower dividends. In one case there is a falling off of from 6}£
per cent to only 4)^ per cent now. But the company has a
very small capital; and therefore a few thousand pounds one
way or the other makes a great difference. In another case the
reduction in dividends amounts to
per cent, in two cases
to J^ per cent and in two cases to J^ per cent each.
The
working expenses will inevitably be very large in the current
last half-year the increase in
^
half-year, probably larger than in the past six
227
BiiKllah Financial narketa— P«r Oable.
daily closing quotations for securitie*, *c., at London,.
reported by cable as follows for the week endini; Feb, fl:
The
tm
IiOndon.
Hon.
Sal.
Buver, per oz
CoDaolB,now,2^ per
do foraocouDt
97»,,
Harlofr. 95-3214
105 14
i;. 8. 4>s*of 1891
122>3
U.S. 48 of 1907
7Hia
Canadian Pacific
Chtc. Mil. A8t. Paul.... 54^
100 "d
IlUnoln Central
IVah rente*
I
(in
Lake Hlion*
Wed,
Thurt.
97»|,
»7»,8
46«N
9738
97«i!;
97»i
97%
Ttiet.
40\
4e7g
a:
Ota.
90-48
100%
122%
100%
132%
105>4
I22I9
75'8
113>4
76a8
77 »4
76>«
106
53
16%
46
161a
Union
Piiclflo
Wabii.'^h. ]tref
77%
76
106%
20%
102%
21
102%
57%
56%
74%
53%
07%
78%
53%
leog
167»
46
47
19%
19%
ai/ommcvcinl nn& W^isccllzintons
Government Revenue and Ezpbnditxtrbs.
76
105%
106
19 \
I9I2
103
115^8
7614
102 14
70^
06%
115%
77%
103
77 >«
102 >4
67>4
747e
Western, pref.
Pacific, pref. .
00%
20%
Pi'iinsvlvnnla
PhlUtil('lphia& Reading.
<t
76%
67%
10241
114<«
20^8
87>4
7478
53:%
Norfolk
Northern
I06(«
122 >s
76 '4
50 >e
102
76
Mexican Central 4r
N. Y. Central Jc Hudson. )05
N. y. I-ako Krlc & West'n 20 M
do
2d cons
101%
VTH
07%
85 32>a 95-42>g 95-40
111^
I,ouiKvlll»<Si Naflhville..
m.
74V
52''e
1678
47%
19%
Mtmsk
—Through
the-
courtesy of the Secretary of the Treasury, we are enabledto place before our readers to-day the details of Oovemment 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 for the*
seven months of the fiscal years 1890-91 and 1889-90.
RECEIPTS (OOOb omitted).
Ous-
lnt«r'(
Umia.
IUtT
Aoinut
Beptember.
October
November.
Oecember..
MUe'U
9
t
rnt«r'i ilfisc'ls
Rrv'ut
«
«
t
23,958
11.717
80316
12,858
2,829
a3,733
22.03S
26.603
15.228
16.105
23,896
12.615
!»5,154
13,867
c3,l07'
43,577
28,986
e2,321
31,370
11,322
12,944
Customs.
7otal.
Sourc't
87,199
86,607
39,804
«
«
19,006
21.S18
17.779
18.786
16,615
15.92»
21,743
ItaL
SoTlrc'l
10,899
1,961
12,895
11.448
£.331
«
susaar
36,88^
8,189 31,41ft
2.647 83,050
2,943 30,7ir
2,66« 29,595
2,884 34.661,
11,817
11,159
11,004
months, for Januar7.
11,254 /I,904 87.056
10,031
the weather has been bad throughout January. There has
Totlil 7 months. 148,138 86,277 20.984 258..'i99 181.372 7W.fl66 17.6H1 2»7JSS9'
been much snow, and there will probably have to be unNational bank deposit fund included :—
a $2,700,540 6(3.021.000. c.1993.720 (1)307,450 e $2,057,489 / $245,740.
uaually large repairs. On the other hand, there is a decided
DISBI7RSEMENTS (OOOs Omitted).
falling off in the traffic receipts during the past two or three
1890-91.
1889-90.
weeks. Partly this may be temporarily due in the first place
to the strike in Scotland and in the second place to the exOrdiInPrem- TotaL
PenOrd<- PenInPTem.\i^^_
ceptionally bad weather. But it is to be feared that it is also
nary. sions. tereat. turns.
nary. sions. terett. iums.
caused, to some extent at all events, by a decline in trade.
$
$
$
$
$
$
$
$
$
$
13.988 14.863 7,888 8.054 38,187
Jnly....
18,277 15,248 8,178
296 41,99ff
The wheat market continues quiet.
al4,242 18,889
876 1,730 85,687 11,999 80,039
618 8,738 36,389
Aug
The following return shows the position of the Bank of Sept.... i)16.331
38 13.406' 4.524 34,298 13,431
801 1,506 2,873 17,411
England, the Bank rate of discount, the price of consols, &c., Cot
148 38,036
c28,483 11.097 4.313
1B.480
4,694 6,138 8,292 28,690
Not
.117,522 21.511 8,637
42,570
774 2,165' 36,336
11,620 10,776
compared with the last three years
:
1891.
Jan. 21.
1890.
£
OtrealatloD
Public deposits
Other deposits
OoTemment
Prop, assets to
liabilities. per ct.
•nhrate
24.221.755
23,860.020
23.446.190
5.959.296
32.886.130
5,977.204
22,836.453
4,909,471
4,721,896
26,411.540
26,936,192
£
14.623,280
14,661,197
15.351.348
19,985,149
19.303.657
17.054.480
11,581.327
19.241,347
13.992,102
14,069.293
21.238,292
21.337.768
iH-H
sa
:i
97 8-16
141.6o7.000
139.048.000
133,917,000
102,220.000
The following shows the imports of cereal produce into the
United Kingdom during the first twenty weeks of the season
compared with previous seasons
:
1890-91.
Wfeat...
...cwt. 24,229.622
10,655.070
5,230,456
784.500
Oat8
Peas
Beans
Indian
Rout
1,2.'54,873
,
com
10,949,268
5,683,193
1889-90.
23,056,661
7,958,642
5,801,486
703,743
1,466.337
11.492.985
6,904,417
388-89.
26.103.676
9,909,715
7,025.573
867.256
1,113.777
9,066,463
6,136,640
1887-8S.
19,662.7.50
8,021.719
6,878.490
1,420,4.39
94t),862
9,232.955
7,624,276
Supplies available for consumption (exclusive of stocks on
September
1);
1890-91.
,
,^
,
,,
Import8Ofwheat.ewt.24.>JS0.622
Imports of flour
3,(iM3,U)3
,
home-grown
Bales of
Total
Iti.198,142
21,021.414
50,982,492
1890-91.
1889-90.
^
wheat,
per qr.
Average price, week. ...328.
,.
Average
1889-90.
23.056,661
6,904,417
46,110,957
„
,.
English
^
price, season.. 328.
9d.
2d.
30s.
30e.
2d.
Od.
1888-89. '•1887-83.
26.403,076 19,662,750
6,136,640
7,521,276
14,257,033 17,105,541
46,799,349
1888-89.
30g.
328.
2d.
3d.
The following shows the quantities of wheat,
44,292,567
1887-38.
303. lid.
303. Id.
flour
and
maize afloat to the United Kingdom:
This iceek.
qrs 1,671.000
Flour, equal to qrs
347.000
Wheat
Maize
qrs
414,000
1,910
21,764
11,344
10,322
1,462
2,693 .28,821
8,851
40
23,981
15.680
2,176
7,916
2,086
70.081 38,675 10,401 234,473
97,831
LtiBt week.
1,597,000
369.000
374,000
1890.
1,801.000
282,000
412,000
87.888
63,456 26,578 15.545 803,410
1
National bank redemption fund included :—
a $1,796,769 b $2,074,431 C$2,202,780 d 2,109.684
1889.
2,205,500
185.000
279,000
< $1,935,467
/$2,461,'IW
Chanoes in LeqaIi Tenders and Nation ax. Bank Notes 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
the increase or decrease during the month
also
1, and
the changes in legal tenders held for the redemption of baob
notes up to February 1
—
;
yationat
Sank Nout—
.
Amount outstanding January 1, 1891.
Amount Issued during January
Amount retired during January. ......
Amount outstanding February
IMP0BT8.
Barley...
461
1,C81
1
20.816,354
8X
2,652
/20,009
23.468,465
9.453.613
975-10
el6,741
Jan
7 mos. 181,316
30,402.817
24.826.244
43 15-16
Dec
26.
£
perct.
Consols
Clearlns-House returns
Jan.
£
securities
Other secaritles
Beserre
Coin and bullion
1888.
Jan. 23.
1,
$177,155,539
•489,780
1,665,307
2,155,087
$175,490,23it
1891*...
Legal Teiider Hote»—
Amotmt on deposit
notes January
I,
to
redeem national bank
$51,495,17
1891
Amount deposited during January
Amount reissued di b'nk notes retlr'dln Jan..
Amount on deposit
to
»290,740
2,156,046
1,S64,30»-
redeem national bank
$49,630,872notes Kelu-uary 1, 1891
Olroulatlon of national gold banks, not Inoladed attove, $131,507,
*
According to the above the amount of legal tenders on
February 1 with the Treasurer of the United Statea to
reaeem national bank notes was 149,830,873. The portion of
this deposit made (1) by banks becoming insolvent, (3) bybanks going into voluntary liquidation, and (3) by baiikB reducing or retiring their circulation, was as follows on the fii8*
of each of the last five months
deposit
Depotitt
by—
Ocf. 1.
yov.
1.
$
(nsolv't bks.
Llquld'g bks.
831,887
8,401,518
Dee. 1.
Jan.
1.
9
$
794,596
5,649,363
812.031
5,760,004
Fa.1.
863.663
0,688,029
870,34&
0,706,800
Rea'c*g undr
act of '74.' 50,071,337
48,218,221 46,609,429 44,948,486 43,048,677
56.304,724
54.662,180 53,181,464 51,496,178 49,630.873
Ttotal
:
.
:
,
THE CHKONICLE.
228
Bonds Held by National Banks.—The following
Interesi-
statement, furnished by the Comptroller of the Currency
how8 the amount of each class of bonds held against national
bank circulation and to secure public moneys in national bank
gave the statement for
dftpositahes on February 1.
l!lg
We
1 in Chronicle of January 10, page 67. and by
referring to that the changes made during the month can be
January
V. S.
IkminplUm of Bonds.
Sands Held
1891
Feb. 1.
.
Bank
to
Seeuri-
Pubiie Deposits
in Banks.
Oireutation.
$2,113,000
3.683,000
22,188,500
$6,951,000
26,721,930
107,097,750
S9,064.000
30,374.950
129.280,250
$27,934,500
*140,770,700
$168,725,200
41^ per 06Bts....
4iter cents
Total
Total Held.
[Vol.
—
Auction Sales. The following were recently sold at auction
by Messrs. Adrian H. MuUer & Son :
Sharfs.
&
100 WashlnRton
Kings Co. Fire Ins. Co... 175
American Coal To
73
Brooklyn Citv ER
I8OI4
Thuiher. Whyland Co. 8s
pref
105
300 N.Y. & Cuba -Mail SS. Co. 25
306 Hoovens. Owens &EentshlerCo. of Ohio
100
25 Hamilton Bankof Blclvn.122
4 U. N. J. ER. & Canal Co 228
25 N. Y.ProT. & Boat. ES..228%
20 United States Trust Co 816ia
ION. Y. Prod. Ex. Bank. ...114
—
Imports and Exports for the Week. The
week, compared with those of the preceding week, show
a decrease in dry goods and an increase in general merchandise.
The total imporlB were J10,600.650. against $10,088,868
the preceding week and $12,116,840 two weeks previous. The
exports for the week ended Feb. 3 amounted to $6,576,830,
against $6,043,744 last week and $6,814,640 two weeks pre vious.
tffie following are the imports at New York for the week
ending (for dry goods) Jan. 29 and for the week ending (for
last
general merchandise) Jan. 80; also totals since the beginning
of the first week in January.
FOREIGN IMPOBTS AT NEW TORK.
$5,000 Ev. T. H.
&
ER
For Week.
Cten'l mer'dise.
1890.
1889.
1888.
$3,137,005
5,922,551
$3,836,848
8,361,224
1891.
$3,493,600
6,424,963
$2,650,860
7,949,790
$9,059,556
$12,198,072
$9,918,563
$10,600,650
$15,530,747
30,760,101
$15,984,160
34,072,384
$16,566,805
30,020,632
$14,249,505
34,999,849
lotalS week8..l $46,230,848
$50,056,544
$46,587,437) $49,249,354
Total
Sin^e Jan.
1.
Dry Goods
Oeu'l mer'dise.
In our report of the dry goods trade will be found the
imports of dry goods for one week later.
The following is a statement of the exports (exclusive of
from the port of New York to foreign
week ending Feb. 3 and from January 1 to date
specie)
1888.
1889.
1890.
1891.
Prev. reported.
$6,086,608
23,619,678
$6,858,241
27,977,465
$7,164,962
25,589,512
$6,576,830
26,109,314
Totals weeks..
$29,706,286
$34,835,706
$32,754,474
$32,686,144
The following
table shows the exports and imports of specie
at the port of N.Y. for the week ending Jan. 31 and aince Jan.
1, 1891, and for the corresponding periods in 1890 and
1889:
IZFOBTS AND DIPOBTS OF SPECIE AT HEW TORK.
Exports.
107
6s,g'd,
109
1899, J.&J
$5,000 Union Ferry Co. of N.
Y.&B'klynlst,58g.,M.&N. 96
$15,000 Newark City (N. J.)
5s, tax arrear., reg., 1894,
J.&J
$1,000 Jersey City
lOQis&lnt,
water,
78,
A.&O
116&int.
$5,000 St. Jo. & G. Isl. EE.2d
M. inc., 1925
20
$7,000 Mut. Gas L.Co. of Suffolk Co., N. Y., cert.of dep. 25
1902,
68 Third Ave EE.... 27912-280
4Manhat. Life Ins. Co
405
9 Merchants' Ex. N. Bank.124
100 42d St. Man. & St. NicholasAve EE
4313
50 Long l8l. B'k of B'klyn. 1 47
100 Nat. Broadway Bank. ...288
50 Third National Bank
85
1.000 Leadville Cons. M'g Co. 11»3
100 N.J. Southern EE
23
500 Ohio Cent. BE
280
—
ER.
112>a
Ist,
&
Co.
Bonds.
$5,000 Union Ferry 53, gold. 90
$1,500 N. Y. Club 68, coup.. .100
3.900 Ga. Cent. EE. deb. 6s. 97i«
t 3,000 Jersey City 78, 1897.111
$3,000 Jersey C'y 7s,I904,119&int
$17,000 Elizabeth 43, 1922.. 83
$30,000 Virginia def. trust
certs,
stamped
O^i
$3,500 Comstock Tunnel Co.
25'a
1st. 30 yr 4s, 1919
$500 Riding Club 68, 1899... 95
&
Messrs. Poor
Greenough invite subscriptions to $1,000,000 of the first mortgage 4 per cent 100-year guaranteed gold
bonds of the Kansas City & Pacific Railway Co. at 74 per
cent flat. This line was acquired last year by the Missouri
Kansas & Texas Railway to bring their system to Kansas
City, from which point the operations of the line are now
based. Thus, in addition to its value as an independent enterprise, it stands in the position of a terminal line to the M. K.
& T. system. The Kansas City & Pacific is profitable on its
own account, the report showing net earnings at the rate of
$175,000 per annum, as against the total interest charge of
$100,000. The bonds are at the rate of only $19,000 a mile.
,
NEW YORK FOB THE WEEK.
EXPORTS FROM
For the week..
ports for the
$5
were sold by Messrs. R. V. Harnett
.
110
&
bond
$1,0(10 We.st.Pac.
Shares.
Dry Goods
119»4&int.
A.&O
88.1896, A.&O
$1,000 Mil. & St. P. RE.
7s. cons., 1893, J.&J
117
f ollcfsving
1900,
EE. 6s, cert, of ind't'ness-.lOOis
$600 Man. El. ER. 4s, cert.... 80
$1,000 BcUe.& 80. 111. EE.lBt
$8,000 Chic. E. & Ft. W. BE.
1st, 7s, 1921, J.&D
117
The
7s,
$5,000 Dry Dock E. B.& Bat.
EE.
M.&N
J.&D
ER.
$1,000 E. Ky. Coal Lumber
68, 1900, M.&N
107
$1,000 Sand. Mane. & New'k
EE. 7s, 1909. J.&J
117%
$2,000 Chic. & G. Trunk E'y
1st. 6s 1900, J.&J
1081a
$1,000 Chi. Mil. & Bt. P.EE.
(Dub. Div.) 68, 1920, J.&J.llO
$5.0000. &W. Va. E'y 7s,
1910.
1896,
6s.
& George1929.161-171
Chic.
M.&8
$5,000 Wm,sburK Gas L. Co.
Bonds.
6s. rg..
1919,
11753
$1,200 Sacramento Co., Cal.,
68, 1903
108
$1,000 City of N. Y. 7s, imp.,
1892, M.&N
105%&int.
$1,000 City of N.Y., 78, cons.
100
400
125
50
town RB.
lionds.
St. L.
&
$2,000 Ind.
Georee-
375-380
town KR
200 W'msburg Gaslight Co. .131
40 Broadway & 7th At. EK.20r>
20 St. Nicholas Bnnk
120
$7,500 Washington
imports of
LII.
Imports.
Gold.
"Week.
6re»t Britain
France
Gtermany
SlticeJan.l.
$22,633
$50,652
15,934
233.270
'•io.ooo
1.975
237.471
$58,567
6,900
19,300
$523,368
198,482
935,125
Week.
EQITIPIHENT OF
,
West Indies
Hexico
South America
All ether countries.
Total 1891.
Total 1890.
Total 1889.
Exports.
$1,405
$194,660
413,070
2,560
45,669
3,081
16,962
113,496
$49,634
107.929
7,746
$741,272
853.739
509,390
Week.
Great Britain
France
Mexico
Bouth America
SineeJan.l.
$590,200
$1,489,000
• 188,000
930
19,293
20,000
Germany
West Indies
20,000
$611,130
720,036
378,754
is
umn of Lieber's
Week.
20,439
1,663
59,495
63,764
All other countries.
Total 1891
Total 1890.
Total 1880.
NATIOVAI..
THE FOURTH
BA>K OF THE CITY OF NEW
YORK, CORNER OF PINE AND NASSAV
STREETS,
ESPECIALiLY
IS
ARRANGED
Imports.
Silver.
—Attention
THE
Since Jan.X
$1,716,293
2,642.659
1,787,340
$145,361
35,873
1,568
Since Jan.X.
$20,439
22.961
93,075
63,204
82,101
FOR HANDLINCi IflERCANTIEE ACCOUNTS.
J.
EDFfABD
!-IH»0N8,
President.
CORNELIUS
$281,780
163,300
133,270
asked to the advertisement in another colTelegraphic Cipher. It has been received
N.
BLISS,
Yice-President.
JAMES
G.
CANNON,
Vice-President.
with much favor. Such foreign houses as the Rothschilds
and the Credit Lyonnais are reported as on the list of sub-
C.
H.
PATTERSON,
scribers.
—Messrs. Brown Bros.
Cashier.
& Co.
announced that the $5,000,000
^Itimore Belt Railroad Company's bonds offered by them
had been over- subscribed.
J,
A.
HILTNEB,
A
sistant
Cashier.
—Parties wishing 7 per cent railroad bonds are requested
to notice the advertisement of Messrs. C. T. Wiag& Co
in onr
I
ssue of this date.
—Messrs. John H. Davis & Co. are offering in our columns
street railway bonds to which they invite the
attention
« few
Of mvestors.
—Attention is called to the offer of guaranteed stock
by
Messrs. Reed & Flagg in to-day's Ohbonicle.
Spencer
Trask
&
Co.,
BANKERS.
and 18 Broad Street, New York CItr.
ALBANY N. Y
SARATOGA, N. Y:
PROVIDRNCK. R.
Nos. 16
TttAlVSAfiT A OBNRRAI.. RAIVKIIVR
I.:
BIJiiillVRNS.
All classes of Secnritles Bought and Sold on Commlssian. Special attention
KlTen to InTestment Securtttes. Direct wire to each offlcs and to Philadelphia.
Boston and Chicago.
.
Fkbruart
—
.
THK CHRONKJLF.
7,lt91.1
Of ttiHf.
Jan. »..
reb. 8..
DIVIDRNDS.
••
Same of Company.
22»
4X Par
T}it ^Bankers' (Saxettc.
Per
When
OtHt.
PayaNe.
Bot^t Cloud.
I
8.
•
ilMiyt inclutiee.)
Oanla 4«u IS01.
Chicago* Alton iqiiBr.lcom. Apf.
KaimnR Ctly Ft. Scott & MenipDia'
prof
do.
PmilA
Bank
of
I
imlutli.iirof
Hank*.
tlir M:iii)iattiin
Oftrin m- Purth'f
Pr4caa
fH
«3IP,7SO
oil
ioe.aoo
,
I..
140.«00
5..
B«.<)(IO
n
Rallroadn.
3
iMaroh 2 Feb. 10 to
1
'«•!>. 16
Feb. 8 to Fi'li. 11
\f,
5
4
2>» Marok 2 Feb. 4 to March 1
« Par O0ml» *tr imn.
I'urett'u. Pricaa paid.
«.
•
St.
.
1<nUI.
The Closing
prices at the N. Y.
Board have been as foUoiw*
I
Company]
iniscellannuiia.
Natlniiitl 1.011(1 Trimt
*rhoniKon-]l(>nt«t4)ii Klootiio,
WAL,I< HTKEKT.
com.'
10 Feb.
8 to Feb.
3>9
Feb.
ROc
April IS Mar. 15 to Apr. 1.5
Feb. 14>Feb.
8 U> Feb. 14
4
9
FRIDAY. FI1.MKUAKYU. lM91-SP.in.
The Money Market and Financial Sitnatlon.—The Rcncondition of affairs remains very good. The outI<x)k for
eriil
disturbing legislation at this session of Congress is growing
lees each day, while the business of the country seems to be
progressing well, and the railroads are making a good exhibit
of their earnings as compared with the same time last year.
The process of consolidation goes on, and since last week
two negotiations of considerable importance have been
reported— the absorption of Pittsburg & Western by the BaltiOhio and the control of the Suburban Rapid Transit
more
Bead in the interest of the Manhattan Elevated.
There has been rather more interest in railroad bonds at the
Exchange, indicating a better feeling on the part of investors,
and a belief that prices are not likely to be lower in the near
referred a short time since to the circumstance
future.
that there are a number of companies whose securities are
sold at the Board that could scarcely be affected unfavorably
by silver legislation. Of this class are the industrial and mining companies, and all concerns dealing in products or manufactures, whose prices would directly advance with every
So far as a silver crisis resulting in
inflation of the currency.
a decided difference between the value of gold and silver
money would unsettle and prejudice all business in the counbut as to the other matter
try, so far all would suffer alike
of immediately charging higher prices to customers and consumers, the companies referred to would apparently find themselves in a stronger position than the railroads.
The open market rates for call loans during the week on
stock and bond collaterals have ranged from 3 to 4 p. c, the
average being 3 p. c. To-day rates on call were 2 to 2}^ p. c.
&
We
;
Prime commercial paper is quoted at 5@5i^ p. c.
The Bank of England weekly statement on Thursday showed
an increase in specie of £147,000, and the percentage of reserve
to liabilities was 45'77, against 45'56 last week; the discount
rate remans unchanged at 3 per cent.
The Bank of France weekly statement shows a gain of
1,675,000 francs in gold and 725,000 francs in silver.
The New York Clearing House banks iu their statement of
Jan. 81 showed an increase in the reserve held of 81,246,700,
and a surplus over the required reserve of §23,943,125, against
from the previous
week and a comparison with the two preceeding years
averages of the New York Clearing House banks
in the
:
1891.
Jan. 31.
iDifferen'tfrom]
Prev. teeek.
1890.
Feb. 1.
18ft9.
Feb.
2.
;.
67 119,,700
60.862,700 60,762.700
Surplus
65, 37.'i,,8001
57,620,900 52.40'2.GOO
IiOaDs and disc'tt! 389,,688,,900 Inc.4,131, 700 404,272,000 399,910,000
Circulation
3, ,505,,000 Deo.
57 ,600
3,337.700
4,709,700
Bet deposits
411 044,,700 Inc. 5,573, 400 429.18S.600 431,142,100
Specie
90, ,268,,900 Inc.
10l». 900
90,05f),200 89,205,600
Legal tenders..
36, 435,,400,Inc.l,139, 800i 31,509,100 37,473,100
Jan.
Feb.
Feb.
Feb.
Feb.
Periodt
31.
2.
8.
4.
5.
*xl02 'lOlTj 'lOlTe •101 Tf
•103 •103 (•103 10;)
coup.
12013 •120 ,•120 -izu
reg.
4s. 1907
120
•118
Dostamp'dlnt. pd.
118 118 ,"118
coup. Q.-Jan •120
4s. 1907
120 •120 ^120
*118
Do ex-cp to J'ly.'Ol
118 •118 ,'118
reg.iJ. A J. •109
109 '109 '109
88, cur'cy,'95
rcg. J. & J. •112
112 •112 1*112
6«, cur'cy,'96
reg. J. Jc J. •114
114 •114 ^114
6«, cur'CT,'97
reg. J. St J. •117
e«, cur'oy,'98
117 •117 |*117
reg.lj. A J. •120
120 •120 ^120
68, cur'a.v,'99
1891
Vt», 1891
reg.
i>»»,
p
•This Is the price bid at the
morning board
;
Fib.
«.
'•lOl's •lot's
•103
•120
II8I4
•120
•118
U09
•112
•114
•117
•120
•103
•120
•118
•120
•118
•109
•112
•114
•117
•120
no latc was male.
Government Purchases of Siirer.—The Government purchases of silver in February are shown in the foUowng statement.
Oimees
purchased.
(hiyieet
offered.
Priee paid.
®
Previously reported.
February
2
**
4
•Total in
The
month
».
nil
"
6
'Local purchases
1,132,500
1,057,000
478,000 $1-026 » $102%
507,000 *1017|»*10225
2,189,500
985.000' $1-017
*
to date.
purchases of each week are not reported
the following week.
•
local
till
-»$l-02iW
Moaday of
—
Coins. The following are the current quotations in gold for
various coins :
Boveretgns
$4 85 ®$4 88 Fine silver bars.. 102 « 1 03
dapoleons
3 84 •a 3 89 Five francs
-9i » -9.5
X X Reichmarks 4 74 ® 4 78 Mexican dollars. -79 ft — 81
— »— _
Do uncomiuoro'l
25 Pesetas
4 80 « 4 85
— 73 ® — 75
Span. Doul)loon8 15 65 ®15 75 Peruvian sols
Mex. Doul)loon8 15 50 ®15 70 EugUsU silver ... 4 80 -» 4 85
par 33,,prem. U.S. trade dollars -79 »
Fine gold bars...
State
ureless.
and Railroad Bonds.— State bonds have been featThe sales include Alabama class A, §10,000 at 103:
$7,000 at 91-93i^ North Carolina
consol. 4s, $8,000 at 963^-97 Tennessee settlement 33, $32,000
at 93^^71, and 5s, $10,000 at 1003^; Virginia «s deferred,
$8,000 at 934 091^.
The market for railroad bonds has been strong and fairlyactive, and prices close generally higher than last week.
Prominent for activity have been Rio Grande Western 48,
1033^
;
Louisiana consol.
4s,
;
;
&
Ohio general mortgage 4s, Atchison 4s, Northern
Union Pacific Denver & Gulf consols, etc,
San Antonio & Aransas Pass bonds have sold at a considerable advance. Pittsburg & Western 4s are higher on the
gurchase of the stock by Baltimore & Ohio, and Union Pacific
•enver & Gulf bonds on the report that the company is earning more than fixed charges. Wheeling & Lake Erie improvement bonds were active to day, selling as high as 943^.
Mobile
$24,089,775 the previous weeK.
The following table shows the changes
Interest
Pacific consols,
Capital
I
Keeerve held
126, 704,,.300 Inc. 1,246 ,700:121.565,600
I/egal reserve
102, 761, 175 Inc. 1,393; ,350 107,297,150 107.785,5-25
Bnrplns reserve.
I
23.9 13, 125 Dec.
1
146.6.50| 14,268.4.50
126,678,700
18.893,175
Foreigii Excliange.— The market for sterling exchange has
dull, with only slight changes in rates by some of the
leading bankers.
Actual rates are: Bankers' sixty days' sterling, 4 85M@4 S-'i^i;
demand. 4 873^.34 873^;cables, 4 873^(84 88.
Posted rates of leadmg bankers are as follows :
been
February
6.
Sixty Days.
Prime bankers' sterling bills on London. 4 85>aa4 86
Prime conimerciiiV
" 4 83%«4 84
Docunntnlary commercial
4 8314*4 83I2
Paris (francs)
Amsterdam
(guilders)
Prankfort or liremen (relcbniarks)
'.'.'.'
T>emand.
4 88
5 10380)5 18% 5 1712 as lO's
401 ,s 4018 40%<f40''i«
94\-«
95
Railroad and Miscellaneoas Stoclcg. TIir stock market has
been irregular this week, but wath a strong undertone. The
feature on Monday was an advance in Lake Shore and in
Manhattan Elevated, the latter being influenced by the announcement that the directon. had authorized the purchase of
the Suburban Road. After a firm opening on Tuesday the
market fell off on realizing sales, and the tone was heavy
until the afternoon, when there was a rally led by Sugar and
Lake Shore; the market was steady at the close. On Wednesday Lead Trust was higher on anticipation of a dividend, and
Delaware & Hudson advanced strongly the market closing finua
On Thui-sday, however, while the tone was generally strong
prices were heavy at the close on realizing sales. To-day on a
moderate business there was a very strong tone in special
stocks, which was most noticeable in North American at Vl%,
Northern Pacific pref. at 1^)4. West. Union Tel. at 82'^, Unioa
Pacific at i&%, Flint & Pere Mar. at 24, &c.
The Grangers have advanced a point or over on a more
hopeful feeling as to the earnings of the Western
roads. Both Northwestern and St. Paul are higher than a
week ago, while Great Northern has gained about six points.
The Vanderbilts have been exceptionally well held, and
Michigan Central, as well as Lake Shore, is much higher than
,
The following were the rates of domestic exchange on New last week. Central of New Jersey has recovered neatly the
York at the undermentioned cities to-day: Savannah, buying whole of its late decline. Union Pacific has stiffened on talk
ig discount, selling par to
of better earnings and Missouri Pacific also is higher.
y^ premium; New Orleans, comEJdison General Electric made a ren-'arkable advance in conmercial, 2.)c. per $1,000 premium; bank, $1 00 per $1,000 premium; Charleston, buying 1-16 to par, selling 1^ premium; sequence of the report that the Vanderbilts have become
heavily interested in the property it sold up to 1 11 and closes
.f„i?"'^' ^^- P*"" *1.0*^<* premium; Chicago, 25c. to 40c. per
;
$1,000 discount.
United States Bonds.—Government bonds have been without feature. The daily purchases are shown in the following
statement, kindly fuiniabed us by tlie Treasury Department.
Pacific Mail rose materially, but has fallen off again.
Sngar Refineries Trust receipts close at 863'4. against 84^8 last
week, and the new certificates at 733^, against 71,'i. .Silver
bullion certificates have fluctuated-but little in the week, and
close at 1013^.
at 107.
.......
THE CHRONICLE.
230
NEW YORK STOCK EXCHANGE—A CT/VE STOCKS
tor week enaing
[Vol. UI.
FEBRUARY 6,
HIGHEST AND LOWEST PRICES
BTOCKB.
Active
RR.
&
AtchiBon Top.
&
Atlantic
Stocks.
Santa Fe
Pacific
Pacific
Canadian
2918
29%
•51s
6
•72% 74
-Canada Southern
Central ol New Jersey
108
•30
Central Pacific
Do
•29
851a
92
5258
Chicago Mllwauiee&St. Paul.
Do
109
pref.
Do
pref.
Roch Island i&Paciflc.
St. Paul Min. & Om.
-Chlcaiiro
Chicago
Do
pref.
A
Cleve. Cloein. Chic.
130
St. L...
5II4
130
•10
867e
•48
87^5
491s
911s
29% 30%
5'8
74
51
•127
-10
12
5^8
74
53%
•9158
54I4
53%
IIOI4IIOI4 110
10978 109 13 110
105% 105% 106% 106
134
133
133%
69%
70%
7058
•24
-78
25
82
26
82
63% 63 7e
•92
96
2658 27
63'8
51%
130
12
86% 88I4
47% 47%
87%
48%
•91% 92
52% 54
53%
4.
Thursday,
Feb.
5.
Friday,
Feb. 6.
30
30%
29% 30%
-558
558
6
•74% 74%
73
5*8
73
51% 51%
116 116%
111% 116
115 116
112 112
•29
29% 29%
30
30% 2958 2958 30
•18% 1914 19
19% 1878 19%
18% 19
49
49%
49
48% 48% 48% 48% 49
•30% 32
33
31% 31%
31% 31% •31
12
85^8
491s
911s
92
50=8
130
no
86I4
6
7353
•30
48
3112
•0%
73%
3OI2
18%
18^8
48
5's
19
48
32
Feb.
3.
7318
50'8
111
10438 10i% 105
133
134
68
67 'e 68 1«
25
241s 2413
•78
•78
82
63
6214 63
& Northwestern
Chicago
29% 30%
50>4
•47% 48I3
pref...
30
111
.
.
2918
31
Ckesaoeake &0.— Vot^Tr.cert.
fK)
do l8t pref..
do 2d pref...
Do
127
•CWeago A Alton
»lli«
CUc. & AtL Benef. Tr. Rec.
Chicago BurllnKtou & Quincy.
& Eastern Illiuois.
Feb.
lOOJs
*18
•46
"30
ChJcaeo
2.
73
49 '8
49'e
Feb.
51a
Wednesday,
Tuesday,
Monday,
Saturday,
Jau. 31.
92
555e
111
51% 51%
94
pref.
'7
Iowa Central
Do
.liSke Erie
Do
Xake Shore A
Xong Island
•22
pref.
A Western
7%
25
14%
1438
x56'8 5678
oref
Mich. Southern. 109 IO912
A Nashville
New Alb. A Chicago
Xioulsville
XiOttls.
94
26I4 2614
13414 I3414
Manhattan Elevated,
Mexican Central
86
86
73=8
7414
10278 103
consol.
96
'
26% 26%
•7
22
7%
7II4
70%
25
82
25
63%
6414
14% 14%
56% 57
57
10958 111
•87
90
73^8 75
27
103
110^8
88
130
•11% 14
127
10758
134
71
5e
25%
82% 82%
637e 64%
70% 71
26
26
83% 83%
64%
6358
Do
Do
Louis.
1st pref.
2d pref.
Do
pref.
.
New York Lake Erie AWest'n
•I2I2
2818
20
15%
57% 59
57=8
*87
88
*25
27
•22%
23ij
93
•80
96
74%
27
106% 105% 105% 105
22% 22%
-221a 23
•90% 93
91
Michigan Central
91
81
81
Milwaukee Lake Sh. A West. •80
86
Do
pref. 105
1071s •105 108
5
5
Minneapolis A St. Louis
6
51a
13
Do
pref. •III4 12% -11
"Mo.K.ATex., ex. 2d m. bonds •1212 I3I2 •12% 14
21
21
Do.
22
pref. •21
67%1
66
Missouri I'aciflc
6558 66
29%l
29
Mobile AOhlo
28
28
94% 94%
J^ashv.Chattanooga* St. Louis *91
97
New York Central & Hudson. IO2I2 10213 103% 104
New York Chic. A St.
1458
6
•11%
•12%
12^8
pref.
A Western
Norfolk
Do
16
•5514
pref
Jforthem
Pacific
pref
IK)
.
Ohio A Mississippi
Ohio Southern
•Oregon R'y
A
Navigation Co.
A Utah North..
Peoria Decatur A Evansville.
Fhlla. A Read. Vot. Trust. Cert.
Pittsburg Cinn. Chic. A St. L
Oregon
Sh. L.
.
Do
pref.
BIchmonaAWestP't Terminal
Do
pref.
Bio Grande Western
Do
pref.
Do
St.
A San
Fran.lst pref.
ADuluth
pref.
Paul Minn.
A Manitoba
.
•Southern PaclUc Co
Texas A
Pacific
ToL Ann ArborAN.
Toledo
M
A Ohio Central
I>o„
Union Paoilic
.
J3nton Pacific Denver
"Wabash
Do
•18
•16
74^8
•2II4
171s
pref.
A Gulf'
pref
-WheelingA Lake Erie........
Do
do
pref
Wisconsin Central Co
miacellaneon* Stocksl
American Cotton Oil Co
5614
181a
18
74^8
614
I214
13'4
18%
3II4
15'8
5514
31I4
15'8
5514
33
29
93
•91
171a
15
53
1856
721a 74
•18
•58
•82
4468
1478
19
70
88
45%
22% 22%
•10
10%
18% 1914
30
30%
72% 72%
•21
22%
•88
75=8
90
27
105
27
76%
105%
•22% 24
95
95%
30
97
104
•15
•55
56
22% 22%
67% 68%
•29
95
•74
78
17% 18
32%
15%
38%
17%
9%
3778
265
17
8%
•31
17
56
15
77
23
18
18
•77
23
80
23
78
53
18% 19%
73% 73%
7314
32
68
•60
10
19
40%
23%
IOh
19%
3058
3179
72
73%
2078
22
45
23
•60
•84
45
70
88
•88
75%
27
105
23
•94
15
58%
91
7579
27
105%
2379
96
83
107%
6%
13
14
22% 23%
0779 68%
29% 32
•93
98
1356
1358
1379
66
65
65
28%
20%
51%
38%
28% 2979
20% 20%
51% 51%
270
17%
9
33%
17
•55% 56
78
22% 23%
18% 18%
33% 33%
38
•265
17
9
38 4
270
17%
9%
33% 33%
16% 16%
56% 56%
28%
28
72% 73%
18% 18%
•18
79
20
79
22% 23
34%
68%
103
102%
100% 102
127% 120 127% '120 127% •1-24
11
•10
-10% 11% •10
11
102
•51
26%
26% 26%
86
105%
28%
14% 15% 15% 15%
18% 18% •18% 19
85
7%
24
18
18
17% 18%
3359
33
32% 33
•14% 16
16% •14% 16
•51
53
53
51% •51
19%
19% 19
18% 19% 19
7373 74%
74% 74% 75% 75%
35
37
37
37% •35% 36
71
71
69
69% 72
70
'14% 16% •14%
•50
53
51-
18% 19
72%
75
23
32% 32%
32
•14
•50
-7
24
15
58
•103% 104
13% 13%
65% •64
27% 27%
20% 20%
51% 51%
265
30
95
28% 28% 2778 28% 28% 285e 28% 2858
72% 73% 72% 73
72% 73% 72% 73%
18% 18% *IS% 19% -18% 19% •18% 19%
•16
18
•17
16% 17
•16% 18
20
33
34%
68I4
68
671s 67%
103% 103% xlOO 103
100
120 127% 120 127% 120
•1014 III4 •10
•10
11
•58
65
26
26
26%
86
104 104
103% 104% 105%
26I4 27%
24% 26
27%
321s
105
33% 33%
33 "4
•15% 17
56
27
21% 21%
60% 6758
13
22
31% 31%
•13
•50
14%
..
33
16
27% 28%
72% 72^8
32
Bome Watertown A Ogdensb'g
St. Louis Alton A T. H.. pref^
flt. L. Ark. A Tex., trust rec.
St. Lou.
St. Paul
•311a
7%
•79
•79% 83
•104% 107% 104%
6% 6% •6
6% -5%
•11%
•12% 13
11% 13
13% 13% 13% 13% -13%
Jlew York A New England
3718
JNew York New Hav. A Hart. 265 270 •262 270
269 271
265
17
17% 17
•16% 17
New York Ontario & West
17% 17
New York Susquehan. A West. •8I4 8%
8% 9
8% 9%
9
Do
7578
94% 95
81
21% 21%
667s 67%
•29% 30
93
90
•23% 24
103% IO414 104
12% 127e 13
»6-2
•62% 66
*X62
26% 26% 27% 2658 27% 27%
19'8 2OI4
20% 20% 20%
20
5II4 •'51%
51% 51% 51%
37% 38I4 3714 3778 37%
371a
13
*7
24% 24%
15% 15%
58
59%
112% III214II314 11258 113% 11258 113%
74% 75%
27
7%
5
6
Jan.
7,605
6,802 106
210 29%
17
44
670 29
130 128%
1,845
2,403
118
31
Jan.
Feb.
Jan.
Jan.
Jan.
Jan.
19%
49%
32%
130
•51
103
127%
11
13
5
5
12,846 104% Jau. 2 108% Jan. 14
10 133% Jan. 26 138% Jan. 12
39,362 67% Jan. 20 7278 Jan. 14
600 23% Jan. 2 27 Jan. 14
610 77% Jan. 29 83% Feb. 6
12.593 59% Jan. 2 6069 Jan. 13
500 94 Jan. " 98 Jau. 9
2,000 25% Jan.
29 Jan. 12
3,43b 130% Jan.
-39% Feb. 4
42,050 131 Jan.
139% Jan. 13
2,100 17% Jan.
20% Jan. 12
3,145 57 Jan.
eS-sJan. 14
800
8% Jan. 14
7 Jan.
337 60% Jan.
66 Jan. 14
319 16 Jan.
19%Jhn. 14
350 111% Feb.
115 Jan. 7
8,650 72 Jan.
86 Feb. 5
2,409 97% Jan.
103% Jan. 14
50
7% Jan. 14
6% Jan.
550 20 Jan.
24% Feb. 5
4,075 13% Jo".
15% Feb. 5
2,805 54% Jan.
59% Feb. 5
34,413 106% Jan.
113% Feb. 4
275 86 Jan.
88% Jan. 21
34,405 71% Jan.
79% Jan. 14
410 19 Jan.
27 Jan. 15
5,759 97 Jan.
106% Feb. 2
24% Jan. 4
Jan.
197e
96 Feb. 3
1,660 91 Jan.
100 81 Feb.
93 Jan. 15
HI Jan. 14
105 Jan.
350
6% Jan. 10
4% Jon.
12% Jan. 14
10 Jan.
14 Jan. 12
70 1178 Jim.
23% Jan. 12
2,616 20% Jan.
68% Feb. 6
48,974 60% Jan.
32 Feb. 6
3,493 26 Jan.
95 Jan. 6
135 93 Jan.
104% Feb. 3
2,134 100% Jan.
1378 Feb. 6
2,842 11% Jan.
70 Jan. 29
168 57 Jan.
2979 Feb. 6
8,720 23 Jan.
21% Jan. 14
6,565 19 Jan.
52 Jan. 16
1,600 48% Jan.
41% Jan. 15
14,905 3258 Jan.
271 Feb. 3
259 254% Jan.
17% Jan. 14
4,551 15% Jan.
959 Jan. 14
4,795
7% Jan.
36=8 Jan. 14
865 28% Jar.
16% Jan. 14
285 14% Jan.
57% Jan. 14
351 53% Jan.
30 Jan. 14
20,645 21% Jan.
74 Jan. 30
63,980 63% Jan.
l»7gjan. 17
300 18 Jan.
17% Jan. 14
200 14 Jan.
82 Jan. 12
458 75 Jan.
24% Jan. 14
614 19 Jan.
18% Feb. 5
3,390 14% Jan.
8
345e Jan.
8,622 31 Jan.
1579 Jan. 14
12% Jan.
55 Jan. 13
20 48 Jan.
19% Jan. 14
41,853 16 J>.n.
74% Feb. 5
1,735 67% Jau.
37% Feb. 5
3,501 23, J.n.
72 Feb. 6
2,850 55% Jan.
247 100 Jan. 5 103% Jan. 31
.22% Jan. 3
120 Jan.
12% Jan. 14
10 Jan.
70 Jau. 16
Jan.
26 Feb. 2
Jan.
88 Jan. 9
Jan.
Feb. 6
1 1
Jan.
3078 Feb. 6
Jan.
16% Jan. 14
Jan.
20% Jan. 13
61 Jan. 13
87 Jan. 19
4859 Jan. 14
.
70
88
46
23%
10% 10%
19% 19%
31% 32%
7'^68 73%
21% 21%
24%
Jan.
Jan.
Jan.
35% Jan.
7479 Jan.
23% Jan.
14
14
14
20
43
14
14
6
14
14
19
14
6
12
11
21
18%
41
71% 72%
87% 88"4
'.'
.
!
. .
'
t,
Jan. 12
75% Jan. VJ
51% Jan. 13
23
I
•18
•39
32% Jan. 12
28% Jan.
72% Jan.
48% Jan.
18% 1858 18% 18% 18% 1B% 18% 18% 18% 19
,050, 1579 Jan.
39% 39% •39% 41% •40
41% 41% 42
42
42
50O| 33% Jan.
71% 72
71% 73
72% 74% 72% 73% 73
74% 28, 167 57% Jan.
68% 88% 88% 90
90
89
89%
89% 89% 90%- 9, 948' 86% Jan.
Buckeye Pipe Line Certifs 5
21
22% 22
23% 22
22
J 24, ,500i 19 Jan.
•CUoago Gb« Co
41
41% 41
43
42% 43% 4178 4279 4078 42 5e 41
42
Jau.
33, 710 31
Colorado Coal A Iron
37
367a 37
37% 37
37%
•36% 37% 37% 374 37
37%
Jan.
1 ,800 33
Consolidated Gas Co
•95% 97
96
96
96% 96% 97
97% 97% 97% 97% 98
94%
2,,064
Distilling A Caltle F. Co.
4714 47%
47% 47% 47% 47%' 47% 47% 47% 47% •46% 47% 2 ,800| 42% Jan.
Jan.
Edison General Electric.
95
95
93% 95% 93% 94%: 95 102
106 111
105% 107
Jan.
Laclede Gas (St Louis)
379i 88
18
18
18
•18
18
20
•18
20
18%
18%
18%
18%
15
National Lead Trust
510l
19% 1978 19% 1978 19% 19% 19% 205b 19% 20% 1959 19% 68. 027 17% Jan.
Jan.
North American Co
16 14
16
15%
16% 16
1669
16
16% 16% 1678 16% 17% 27,,630 11% Jan.
Oregon ImiirovementCo.!!!
24% 26% 25% 26% 26% 26% 2579 26
247e 2479
•26
27
2 .505 15% Jan.
Pacific Mail
^..
34
34
34%
86
35% 36% 3579 37% 35
37
34% 36
13, ,315 31% Jau.
Pipe Line (,'ertlflcatesv'ii.!.
74% 75% 73»8 78% 76% 77%:
76 s 77
76% 77% 7679 78% 386, ,000 71 Jan.
Pnllinan Palace Car Co
189 192
191 191
'188
191
190%
190%
190
190
192
193%
955 184 Jan.
Silver Bullion Certificates
102% 102% 101% 102% 102 102=9 102% 10278 102% 102% 101% 10.'% 727,,000
101% Feb.
^Tennessee Coal A Iron
3558 36
36
37
35%
37
•36%
36%
37%
37%
906 32% Jan.
36%
2
36%
Do
do
pref
,„
86
86
100 80 Jan.
Weatem Cnlon Telegraph
79 14 79°» 79% 80%
80% 81% 80% 80% 8O79 81% 8O79 82% 22 ,074 76 Jau.
* ThCM «e the prices bid and aaked; no sale made
Price, from both Exohaage*. f Under the rale cash. x Ex diy,
Do
pref.
Am. Sugar Eof. Co., temp, ctfs
Do
pref. temp, ctfs
Highest.
14
20
13
14
25
80
24
405
975
Lowest.
87%
48%
91%
55%
135
24
26,221
l§91.
1,
of sales In 1891.
88% 87% 88% 41,580 85% Jan. 30 93% Jan.
48% -47% 48%
300 41% Jan. 3 49% Jau.
91% -91% 92
340 83 Jar. ' 92 Jan.
56% 55% 5578 101,412 50% Jan. - 57% Jan.
111% 112% 111% 111% 5,907 105% Jan. 3 112% Feb.
1297e 12978
•10
12
6914
7%
•7
7%
23% 2358
14% 14%
23
Week,
Shares.
JAN.
Range
12
26
12
14
•92
•92
95
95
96
96
•26% 27
2758
27% 27%
27
138%
137%
136
137%
138%
139%
134% 135% 135% 135%
Delaware & Hudson
138% 139% 138% 138%
137% 138% 137% 139
Delaware Lackawanna dtWest 136% 137% I3714 138
19 14 19%
19% 19% 1914 19% 19% 19% •18% 19%
191a 1913
Denver & Eio Grande
61
60% 6II4 61% 61% 6078 61%
60% 60% 61
Do
pref. see's 605*.
•7%
7I2
•7%
7^8
778
8%
7% 7% •7% 8
715
£a8t Tennessee Va. A Ga
•60
•60
•60
63
64
63
63
61
62
63
1st pref. 60
Do
•17%
18
•17%
18
I8I3
18
18
18%
17% 17% 18
2d pref. •17
Do
'110 116
110 116
111%113
111 11512 •110 115
EransTllle A Terre Haute
8578
85
78% 80
80% 81
83
86
797o 83
78
78
Oreat Northern, pref
100%.! 01
9714 99
99% 99% 100 100 100 100% 100% 101
Illinois Central
Do
OolumtjusHocklngVal. ATol.
since
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
107% 107% 10773 107
...
and
Bales
of the
Jan.
Jan.
Feb.
Jan.
95
22
2 25 Jan.
2 47% Jan.
2 38=9 Jan.
24 98 Feb.
2 49 Jan.
3 111 Feb.
2, 20% Jan.
2 21% Jan.
Jan.
2] 18
Jan.
7| 28
26 37% Feb.
2! 78% Jan.
5 196% Jan.
2 107% Jan.
2 39% Jan.
6 86 Jan.
2 82% Feb.
2
2
17
74%
12
14
14
5
20
17
14
14
4
22
14
15
14
14
6
—
'Fbbrcary
7,
.
THE CHRONKJIR
1891.J
NEW YORK STOCK EXCHANGE PRICES
Fe6. 6.
iNAcnvB BToona.
Bid.
IiKliratc* unlisted.
II
RallroiKl Ktorks.
Alabama A Vlokbiiritll
Albany A Simqiiohaunn
100
100
:J6
100
91
Charlotte Air M. ... 100
120
Belleville A South. 111. pret
Boston A N. Y. Air Une pref . ... 100 ;100
100 26
Brooklyn ElrvatedT
100 ;34>a
Buffalo Hoc hcBter A Pitta
100 i7li\
Preferred
Atlanta
A
BurL Cedar Rapldn
A Nor
100
100
100
California ParltfcU
Cedar FaJlg A Minnesota
Cleveland A PHI RburK
Columbia A «)reenvlllc jrf
Dee Motne« A I'y>rt Dodge
22
A>k.
45
170
97
Bighttl.
Louett.
I
l»9l.
II
I
167
167
Feb.
Feb.
I
100
28
103
Feb.
BSH 29
74
25
33
Jan.
I
I
Jan.
Jan.
Feb.
3S>a Feb.
76% Feb.
29 Feb.
j
2
4
193
4>aJan.
Jan.
152
4>s
Jan.
iH Feb.
5
Jan.
im
Chic Juno. Ry.
Preferred
I
NEW YORK STOCK EXCHANGE
Currency funding 4s
8
Arkansas— G8,fuud.Hol.l899-1900
do. Non-Holfordj 150
4
Arkansas
Central
KB
73,
1914 105
-Louisiana— 78, cons
93^
Stamped 4s
Missouri- Fund
*
is
City
Bank Statement
We omit
as follows.
CapitoL 8urplui.
(OOf omitted.)
A
Chatham
15
180
10
'
I
.
;
•
2,000,0
3,060,0
3,000,0
Merchants'
Mechanics*
2,000,0
3,000,0
America.
1,000,0
Pheuix
1,000,0
City
Tradesmen's
750,0
300,0
Chemical
Herchanta' Excbaoge
600,0
Sallatm National....
1,000,0
Drovern'
Batchers' A
300,0
Kechanlcs' A Trailers
300,0
Qnreenwtch
300,0
Leatnei Mannfact'rs.
600,0
Seventh National
300,0
6tate of New York
1,200,0
American Exchange.. 5,000,0
Commel'ce
5,000,0
Browlway
1,000,0
Mercantile
1,000,0
Paclflo
422,7
Bepnbllc
1,600,0
Cbathnm
460,0
Peoples'
300,0
North America.
700,0
'Hanover
1,000,0
Irrlng
600,0
47ttizeiis'....
600,0
Kassan
600,0
Market A Fnlton
750,0
8t. Nicholas
600,0
Shoe A I.eathor
600,0
Exchange
1,000,0
-Continental
1,000.0
Oriental
800,0
Importers' A Traders' 1,600,P
Park
•A000,0
Kast River
360,0
.Fourth National
3,300,0
Central National
3,000,0
Second National
300,0
Ninth NatlouTil
760,0
First National
600,0
Third National
1,000,0
N. Y. Nat'l Exctmnge
300,0
Bowery
260,0
Wew "i ork Coon^
300,C
Oenuan- American
760,0
Chase National...
600.0
Fifth .Wenne
100,0
94
,'
!;
Bid.
Loon*.
(00)
1910
1919
;
Specit.
in all cases.
Le^aU.
DtBO$itt.
Com
.
Gennan Exchange
"^ernianla
_
United suites
Lincoln
rOarfield
Jtfth Natloaal
Bank of the Metrop..
West Side
Seaboard
:.
"
Sixth National
western National....
rlrst National.B'klyn
300,0
800,0
600,0
300,0
300,0
160,0
300,0
300,0
600.0
200,0
3,600,0
800,0
»
i
12,020,0
10.638,0
BP4,8
6,605.7
7,801,0
13.367,0
4,884,0
9,784,2
3,032,6
21,981,1
3,149,7
6.319,1
1,634,1
2,587.0
1,163.8
3,041,9
»56,9
2,455,9
99,2
6,4'.!3,9
141,8
1,494,2
301,7
243.8
13'2,6
595,5
81,1
490,4
1,939,7
3,423,8
1,639,3
925,2
895,1
983,1
711,7
301,0
643.3
1,567,2
295,2
411,9
227,4
725,2
109.9
266.9
1,141,5
317,4
392.2
4,868,6
2,423.5
143,9
1,662,0
640,2
330,5
309.7
1,45'2,9
3,469,9
15,629,0
18.029,9
5.533,4
7,«22,8
•2,551,0
10,252,5
6,742,2
i.336.2
4,669.6
13,046.6
2,797.0
3,673,1
2,877,0
4,076,4
1,837,4
3,475,0
6,461,-2
4,256,1
2,100,0
20.832,0
19,290.0
1,317,7
16,963,7
256,4
917.1
761,4
466,1
443.4,'
607,71
304,3
328,4
319,0
672,6
342,1
186,6
384,0
266,6
761,1
260,0
410,0
163,0
488,0
2,195.1.
U88,
76,0
9b6,0
2,017,4
213,1
5,940.9
519,5
77«,5
400.0
102.0
177,1
382,8
363,5
603,1
3,001,0
1,827,1
1,244,2
1,318.8
447.5
1,S3'2,8
678.
273.0
320,7
3,355,8
368,2
642,3
433.3
606,7
175,6
417,0
1,016,8
828.8
151,8
4,532.0
4.188.0
24 .J. a
4,S85.1
6,42-^,0i
835.0
4,158,01
6.051,4
1,280,0
957.1
2,961,7
8,701,3J 21,393,6
244,0'
141, 8i
1,445.0
3.700,0,
4«1.8i
6'.21,4
2,612,31
2,892,2
10,442,5
4,169,0
2,709.1
3,432.0
1.531.0'
4,142,9
1.747,3
3,008,0
1,165,2
2,377.0
1.695,2
'A9<2,1
372,0
137,7
148,6
29,0
308.0
239,0
1,393,4
133,9
787,6
361,7
319,3
359,0
141,4
384,1
837,2
14i,S
120.7
342.8
339,9
130,5
286,0
227,0
137,7
341,0
1,012,0
639,0
82,1
881,6
676,0
101,0
'.2,;f8H.0
11.782,0
4.579.3
7.964.8
3.1 '25,2
10.163.9
5,607,1
2,906,7
4.363,7
13.844,9
2.583,0
3.019,8
3,578,8
3,991,4
1,717,8
'2.888,0
5.(*8o,»
3'>2,7
4.541,4
2.040,0
21,164.0
2i.iiS,0
1,13:.6
17,475,0
6,448,0
5.089.0
5.152,1
784,5
18.1)54,9
484,0l
3,518.2
1,283.4
2.822,0
3,079,4
65K,0
730,0
460,U
3,874,4
155.0
110,0
61,9
707,6
140,3
688.0
281.7
719,3
4.43.'>,()
70,1
89.0'
10,320,41 3.086,1
»
11,400,0
10,442.0
6,694,2
5.991,0
12,645,0
9.440,7
„1,S7b,0
22.456,7
3,485.7
4,288,3
172.1
374,0
630.0
194.0
,
652,0
146,4
1,001,5
287,2
347.6
307.0
1,177,3
191,3
2,690,1;
192,2
4,181,'i!
771,4
3,845,0
770.1
3,147,4
485,8
1.83(),9
336,2
3,939.6
789,9
l,9.i6,0
«
2.640,(
1,961.1
1,858,1
1.022,(
46,7
300.4
439.4
268,8
394,1
384.0
337.0
122.0
471,4
174,3
2,r.'i7.3
l'2,405,6
Feb.
Jan.
Jan.
22>s
123 Feb.
81>9Jan.
100 Jan.
21
75
Jan.
Jan.
39%
87%
38
Jan.
Jan.
14>4 Jan.
65 >8 Jan.
137 Jan.
Jan.
Feb.
I614 Jan.
70 Jan.
56''a
145
Bakks.
SECURITIES.
Bid.
93
Tennessee— 6s, old
1893-1898
Comiromise, 3-4-5 68
1912
621s
—
LrgaXt.
Specie.
.
Ask.
102
70
1913 1021a
1913 98 102
1913 70% 71
settlement, 68
6
Loa ru,
Feb
6.
DeimtiU,-r
f. YorU.'
$
f
$
$
$
Jan.
3.... 132,495,5 385.678,5 78,683,2 26,571.7 386,832,1
•
10.... 132,195,5 383,955,4 81,133.0 29,83 2,5 3!IO,32i,0
"
17.... 13'2,49S,5 3,83.4 44,8 85,765.l'3'z,963,l|39^,177.6
"
44.... 132.495,5 385..-.57,2 90, 16'2,0 35,29.'S,6l405,471,3
"
31.... 132,495,5 389,888,9 90,268,9 36,435,4 411,044,7
,
8>s
ri<-<^'''n
91a
OUoTinit,
S
•
3,599,9
3,538,8
3,558.6
3,662,6
3,505,0
574,769,7
691.936,9
702.462,9
621,779,4
583,'264,6
Boaton.'
Jan. 17....
"
24....
"
31....
66,843,9 135,767,7
65,842,9 155,498,5
66,842.9 154,658,8
9,151,3
9 466,6
9,380,6
6,678,6 133,484,4 3.245.6 103,371,9
6,635.1 I3!,425.6l3,238.4 88.317,3
5,442,9 139,603,6:3,330,3 82,674,0
Phlla.'
Jan. 17....
"
24....
"
31 ...
'
Wt
36,793,7
35,793.7
35,793,7
97,146.0
96,709,0
96,880.0
omit two ciphen in
aScshla, the Item
'^
36,352,0
28,871,0
37.141,0
alt tliete
Utaxu.
91,492,0 2.130,0
91,193,0 3,181,0
92,185,0 2,187,0
f Inolndlns, tor
due to other banu."
73.043,2
66.913,0
69.622,8
Boston and Phl'a
City Railroad Securities— Broliers' Quotations.
Atlantic Av., B'klyn.St'k.
aen. M.,53, 1909.. .AAO
Bl'okerSt. A Fal. V. -8tk.
Istmort., 7s., 190(<-.JAJ
Br'dway Jt 7thAT.--8t'k..
l8t mort., 58, 1904 .JAD
3dmort.,59, 1914. ..JAJ
B'way
'24
l9t, 5s, ffu
8nil 58, int. as rent., '05.
Brooklyn City— Stock
1st mort., 5s, 1902. .JAJ
B'klyniTOMt'n 59., 1908
Bkn.C'y&N'u5.i,1938 JAJ
Jentral Crosatown— Si'K..
lat mort., 6s, 1W'22.M&N
Oint. Pk.N.A E. Riv.— Stk.
Consols. 79, 1902 ...JAD
JryDk.E.B.A Bat'y— Htk.
lat
moru,
78.
1883..JAD
Bank Stock
BANKS.
Bid.
314
America
Am. Exch... 154
Aabury Park
300
Bowery
Broadway .
280
BuIohs'AD,-. 170
Central
130
30O
Ohase
375
Chatham
.
Chemical
4.5,>8,2
4,1)58.4
L'olumbia
Oomniorce...
Conliuental .
Corn Exch...
Deposit
east Kiver..
Total.
Id0,572.7 63.813,1 393,377.9'73,996,4 31,816,0 386,574,8
* No Statement has besn issued
since Nov. 6, 1890
75
146
15
Jan.
Jan.
Jan.
Jan.
Jan.
Feb.
Fob.
Jan.
8.C. (cont.)— Brown oonsol.6«.1893
New
Capxtal dc
Survliu.
4,593,0
3.329,1
3,060.6
3,795.8
2,023,9
4.715,9
2,039,0
3.915,0
1,280,0
9,140,4
4,039,0
75
85
5
58
3s
97
97 Is Virginia 68, old
68, consolidated bonds
1251a
107
68, conRoUdatod, 2d series, roots.
4I3
314
6s, deferred, trust receipts
cou.. 1893-1894
weekending Nov
for the
17%
FEBRUARY
Ask.
5
5
8i)ectal tax. Class 1
two ciphers
80
98
82
90
;i7%
100' 138
Preferred
RR
Rhode Island— 68,
11
15%
Sugar Kefln. Co. trust rects.'i..lOO: :8«>8 88
Texas Pacittc Land Trust
100
U. S. Express
100 68
71
Wells. Fargo Express
too 140
I
South Carolina— 68, non-fund.1888
1.748,4
1,393,3
1,899,1
1,926,2
142
Jso.
Jan.
Feb.
30>« Jan.
7»» Feb.
14>tJHi.
183
,
¥B.\Cm.—STATE BONDS
Consolidated 48
68
35
Jan.
Jan.
5 Feb.
26>« Jan.
3>sJan.
14>t Jan.
2m 113
..lOOi
mgHat.
28
180
7'8
lOOi
.
Bank of New York...
Manhattan Co
30
189
IS
80>i
in 1991.
1714 18>s 17 "9 Jan.
lOO
lO^s Jam
103>< Jan. 107 Jan.
100 :io4
100 23
2S
25 Jan.
26 Jan.
100 {18%
Preferred
100 98
60
99 Jan.
60 Jan.
Lehigh A Wilkes. Coalfl
19
20
Maryland Coal
100 16
17 Jan.
18
15 Jan.
Minnesota Iron
lOO!
70
76
79 >9 Jan.
81 Jan.
National Linseed Oil Co
100 ;40
30 Jan.
42% Jan.
10
New Central Coal
100
11
9^8 Jan.
12 Jan.
Ontario Silver Mining.
100 ;4o>3
41 Jan.
44 Jan.
Orcgou'Impro vement pref. ... 100
Pennsylvania Coal
50 -270 310
Phlla. Natural Gas
50
23 Pell.
23 Feb.
Postal Telegraph -CableU
36
40
34 Jan.
38 Eeb.
Quicksilver Mining
100
6
5>4 Jan.
0^8 Jan.
6>s
SECURITIES.
Ask.
1894-1 895 105
New York
5, 1890,
lOO
100
sale».)
lialet\
to»t$t.
1001
100
Stock Yards. 100
1 893 102
1906 102ia 1041a Now York— 68, loan
North Carolina— 68, old
J AJ
30
1906| 105
Funding act
1900 10
1906 98 102
New bond8,.I. A J....1892 1898 20
1920 -104 IO8I3
Class B, 5s
Aik.
10<>i
Columbus A Hocking Coal
Commercial Cable
Consol. Coal of Maryland
Laclede Gas
I
aa»sC,48
50
50 32
100 175
100
American Tobacco Co., pref
Brunswick Conipan.v
I
to 5
Bid.
Am. Telegraph A Cable
I
Bid.
IsjkCTrr« BTOOKa.
Indicates unlisted.
100
IHIneellMnpoaa Slacks.
K T preHH
100 140
American Cattle TrustH
19
American Cotton Oil trust reo.lOO :2i'«
100 118
American Kx press
123
4>i Jan.
ll9U
25
100
10
4>j
6
100
Ouluth a Shore A Atlan.1I
14
12% Jan. 14 Jan.
100
PreferredTl
12114
24
IS'eJan.
24 Feb.
100
riint A Pere Marquette
dl
Jan.
84 Jan.
100 :82>s 83
I'rsferred
Jan.
100
8% Jan.
6h
OeorirlB Paolflof
619! "ih
8>3 Jan.
6>a Jan.
Green Bav Win. A St. Paul .... 100
2is|
2
Jan.
219
Jan.
100
Houaton A Texa« Central
90i« Jan.
92 Feb.
90
96
nilnoia Central leased lines.. ..100
16>«;
Feb.
IMa
15
Jan.
100 15
Kanawha A MiehiKan
100
Keokuk A Dca Moines
7 Jan.
100
7 Jan.
Preferred
50
Kingston A Pembroke
30 Jan.
30>sJan.
I/>ul«T. Erans. A St. Lo., cons. 100
55 Jan.
63 Jan.
100
Preferred
15 Jan.
18 Jan.
100
Loulsv ille Bt. L. A Texas
85 Jan.
85 Jan.
50 87 100
Vahoning Coal
Preferred
50 100 ;i0.'i 105 Jan. 105 Jan.
36 Feb.
45
40 Jan.
25 37
Memphis A Charleetoo
.1
5 Jan.
5 Jan.
100
Mexican National
.1145
Jan. 147 .Tan.
50
llorris A Essex
.'104 Jan. 109'4Jan.
100
K. Y. Lack. A Western
100
17
K. Y. A Northern pref
Jan.
9
6
8 Jan.
100
6
Peoria A Ea.stcru
155 149 Jan. 150»aJan.
Pitto. Ft. Wayne A Chicago... .lOOl 150
No price Friday; latest price this week.
SECURITIES.
Range
reb. 6.
AdaTiis
Preferred
Alabama— Class A, 4
ImUctles actunl
(t
Pittsburg A Western
Preferred
Rensselaer A Saratoga
St. Joseph A Orand Island
St. I.oiila Alton AT. H
South Carolina
Toledo I'eoria A WestemU
Toledo H». I.ouls A K. CltyH
Virginia Midland
ll>a
ao 150
100
10<)
I
(ContlnnH)— /.VACrrFiJ STOOKfi.
Katiffe (taUi) In
I
231
List
107
106
104
97
180
106
110
103
120
I'iO
117
143
105
Dock E. B'y A B.—
Sortp8»
FAAlOl
Bixhth At,— Stock.
196
BlghthAv.-Scrip, 68,1914 ~"
104
~"
43d A ar'nd 8t. F'ry Stk.336
l9t mort., 79,
,„, 1893.AAO
.„„,...o.u.v^ 105
43ast. Manh.A StN.Ave. 39
Idt mort., 68, 1910.. MAS 113
3d M,, lncome,6s....JAJ 60
Hoa9t.w.St.Ai'.i'"'y—.st.k. 300
Ist mort, 79, 1894. .JAJ 100
Ninth Ave
106
Second Ave.^took
... 110
lat mort., Ss, 1910.
104
Sixth Ave.— Stock
3iK>
Third Ave.— Stock.
280
iDry
i
KAN
1st M., 5s, 1937. ... JAJ 107
8t
Stock.. 230
106
1st mort., 78, 1893
137
170
235
196 <a
138
'240
|
Bid.
300
360
Ask.
336
Mercantile... 320
'Merchants'..
160
iMeroh'tsBx. 132
1'28
I
.Metropolitan
6'4
'Metropolis... 400
[Mt. Morris .. 460
.
Murray HiU. 30O
16U
I7mi Hi' jNasnaa
I
ICS
843
107
43
114.
67
iof
107
113
106
ass"
110
Twenty .third
German Am. 1'20 136
Oerman Ex. 320 340
Oermania.... 300
Greenwich... 145
Hanover
350 3SS
Hud. Kiver.. 160
Im. * Trad's' 345 660
Irving
180
Lieather M ts* 246
366
Lincoln
300
Madison Sq.. 100 110
.Manhattan... 175 1180
MarketA Fill 23d
Mechanics'.. '205 315
M'chs'ATrs". 310 320
-
Fourth
200
Gallatin
aarttold
313
390
first
2000
Fir«t N., 8. 1. lO.i
113
14th Street.. 170
107
37
113
BANKS.
Ask.
215
166
110 116
160
nth Ward... 150
ntthAve.... 1700
300
nith
1'26
— Latest prices of bank stoclcs this
4600
460
City
Oltiiens'
120
105
24
110
190
105
lOl
102
95
170
100
108
100
156
117
115'
115
138
103
BANKS.
New York...
iot"
week.
Bid.
238
N.Y. Coaoty. 600
Ask
345
N.y.NatKx. 135
155
Ninth
lath Ward.. 150
180
N. Amerioa.. 170
North River.
380
Oriental
180"
Paclflo
Park
People's-
Phenlx
Piodnce Bx.
Repablio ....
Seaboard
Seoond
Seventh
80
330
390
'340
135
113
1S6
140
116
300*
125
50
160
134
SUtaotN.r. 107" 112>1
90 100
Third
Tradesmen's. 100 100 >
ShoeAi,eath.
St. Nicholas.
Unlt'dSUtas
Western...
[jWest Side
100 > 100^
iOO iSlf
.
;
A
.
JJ
THE CHliOmCLE.
232
[Vol. LIL
B»STON, PHILA^DELPHIA AND BALTIMORE STOCK EXCHANGES.
^p* Sbare Prices — not Per Centum Prices.
Active Stocks.
II
Monday,
Saturday,
Jan. 31.
Indicates unlisted.
Feb.
29 H
29
Atcli. T. & 8. Fo (Boston). 100
6
"
100
Atlantic & Pao.
92
92
Baltimore & Oliio (Bait.). 100
"
100
1 st preferred
"
100
2d preferred
Boston & Albany (Boston) 100 204 204
100 179
Boston & I^owell
100 20112 203
Boston & Maine
100 *19ia 20
Central of Miiss.
100 3912 39V
Preferred
100 85H 85%
C31iic.Bnr.& Qiiin.
5258
5012
.
5%
5%
40
87I4
54
53
1*48
.
.
.
Catawissa
50
'*
Ist preferred
50
2d preferred
"
50
Central Ohio
(Bait.). 50
"
Cbarl. Col. & Augusta
100
"
84
84
-84
"19
"
4
16 14
161 16
5%
228
39%
88
54
88
55I2
5i«
514
19
19
84%
841a
84i<
227g
85
23
46
85
23
45
51
23%
45
50 19 5058
142 142
23% 23%
37% 37 '8 38%
llOia 110
110
*65i2
66
28
72
168
28I1:
72'(
168
51%
Sl'e
16!'16
6%
6%
8I4
8%
182
66
"2818
28%
72% 73%
168
168
51% 52
2912 29%
16% 109
6%
451a 45% "455^ 46
22914 22914 '229% 230
45% 45%
228
2041s
2021a 204
•19
20
19
6I2
'
8%
8I4
814
8%
5.
Friday,
Feb. 6.
21%
187
30%
29% 30%
188
41
411a 41%
22%
221a
2314
Ask
7%
58
55
48% 50
2278
2314
22% 23%
231.
60
Thom.Europ.E.Weldll (Boston) 100
"
Water Power
lOO
"
Westinghouse Elec.TI
50
3%
Penna. Consol. 5s, r
CoUat. Tr. 4% g
BondSi— Boston,—
I
iAt.Top.&S.F.100-yr.4g„1989, J&J
100-year income 5 g., 1989.Sept.
Burl. & Mo. River Exempt 68, J&J
Non-exempt 6s
1918, J&J
Plain 48
1910, J&J
Chic. Burl.& Nor. Ist5,]926, A&O'
2d mort. 6s
1918, J&D
Debenture 6s
1896, J&D
Chic. Burl.& Qulncy 48..1922,F&A'
Iowa Division 4s
1919, A&O
Chic.& W.Mich, gen. 5s, 1921, J&Di
Consol. of Vermont, 5s. 1913, J&J
7914
49
II6I4
1106"';
"88
100%; ibi"
I
100%
100
88
90
87
Current River, 1st, 5s. .1927, A&O
Det. Lans. & Nor'n M. 7s 1 907, J&J 107
E jstern 1st mort. 6 g., 1906, M&8 122
Bree.Elk.&M. v., Ist, 68.1933, A&O
Unstamped Ist, Cs
1933,A&0,,§118
.K.C.C.& Spring., lst,5g.,1925,A&o!5lOO
!k. C. F. S. & M. con. 68, 1928, M&NlS
.
i
2%
;
And accrued Interest,
t
14
5
14
6
3
14
7
9
2
9
14
6
31
5
15
Bid.
Ask.
ii9"'
112
101
112
98
80% 81
5514 55%
37%
36
28
107
128
115
29
-iio
104%
106
120
SericsB.,6g
id6%
1916,J&D
Series C, 6 g
Cent. Ohio,4% g
Oxf.&Clark.,int.gu.,6g.l937,M&N
Piedm.&Cum.,lst, Sg.lOll, F&A'
I
112
& Conneils. Ist7s. 1898, J&J
Virginia Mid., Ist Us. ..1906, M&S
2d Series, 6a
1911 M&S
1916, M&S
3d Series, 6s
4th Series, 3-4-58
1921, M&S!
5th Scries, 5s
1926, M&ei
West Va. C. & P. 1st, 6 g.l911, J&J
West'n N.C. Consol. 6 g.l914, J&J
Wilm. Col. & Aug., 68.. 1910, J&D 118 118%
MISCELLANEOUS.
Baltimore— City Hall6s.l900, Q—
117% 118%
FuudingOs
1900, O—
117% 119
West Maryl'd RR. 6s.. 1902, J&J 119 121
'
I
1897,J&D 110"
'
102%
.1898, J&D 113
1910, M&S 137
'.^,92?*£'-®
1923, J&D 129 lib"
North Penn. 1st, 78.. ..1896,
111%
Gen. M. 7s
1903, J&J 123%
Pennsylvania gen. 68, r..l9l0, Var 126% 130
Consol. 68, c
1905. Var 116%
Laat price this week.
15
Pitts.
Elinir.
M&N
7
7
12
12
5
I
105%
Q—
2d7g
6
13
29
6
14
1916, J&D
1930, M&8,
IChail. Col.&Aug. 1st 7s. 1895, J&jl
iGa.Car. &Nor. Ist5 g..l929. J&J
North. Central, gold 6s, 1900, J&J
J&J'
Gold680fl904
1926, J&J
Scries A, 5s
A&O
1925,
4%8
1
ill ?0"ds,--Philadelihia.
Allegheny
Val.,7 3 10s, I8i)6, J&jl 108
General mort. 4%8, g.l924,Q—F
\
Bonds.— Baltinnore.— ^„,
M&N
2d6e,gold
9
3
31
14
15
15
1919, Var 112
Atlanta &Charl., I8t78, 1907, J&J
1900, A&OIncome 6s
Baltimore & Ohio 4g., 1935, A&O
Pitts. & Conn., 5 g...l925, F&A
Staten Island, 2d, 5 g.l926, J&J^
Bal.&OhioS.W.,lst,l%g.l990,J&J
CapeF.&Yad.,Ser.A.,6g.l9l6, J&D
. .
t^lllgli Valley, let 6s..
6
Steuben.&Ind.,l8tm., 58.1914, J&J; t
1894, A&O
J., 6 g
Warren & Frank., l8t,78,1896,F&A
.
& Wilm., 1st, 68.1910, J&J. 118
Hunt. & Br'dTop,Con.5s.'95,A&0: 100
Lehigh Nav. 4%s
1914, Q— J 108%
8
United N.
Louis.,Ev.&St.L.,lBt,6g.l926,A&0 106
2m., 2— 6 g
1936, 4.&O1S ...
Mar. H. & Ont., 6s
1925, A&O
Exten. 6s
1923, J&D 100
Mexican Central, 4 s. .1911, J&J 7378 74
1st consol.iucomes, 3 g, uon-cum.
38
38%
2d consol. incomes, 3s, non-cuin.
23%
N. Y. & N.Eng., l8t, 78, 1905, J&J
125
let mort. 6s
116%
1905,J&J
2d mort. 68
104 105
1902, F&
2d mort., scaled, 58. 1902, F&A 103
Ogden. & L. C, Con. 6s.l920.A&0 103%
Inc. 6s
1920
Rutland, Ist, 68
110
1902,
2d, 58
99
1898, F&A
Easton&Am. lstM.,58.1920,M&Ni
&
6
rights.
A&Oi
F&Ai
Po'keepsie Bridge, 6 g.l936, F&A!
121 Schuyl.R.E.8iae,]st5g.l935, J&Dl
94
Atlantic City Ist 5a, g., 1919,M&N[ ....
BelvldereDel., I8t,6s..l902, J&D ....
Catawissa, M., 78
19OO, F&A tll6
Char. Cin.& Chie.lst 5g, 1947,
J ....
Clearfleld & Jeff., 1st, b's. 1927, J&J, 117
Connecting. 6a
1900-04, M&s'
Del. & B'd Br'k, Ist, 7s.l905,F&A 1132
6
&
I
2%
.5
15
15
Con.M.,5 g.,8tamped,1922,M&Nl 100
117
100
L.Eock&Ft.8.,lst,78..1905,J&J|
2
13
14
9
Phil. Wilm.
Bait., 48.1917,
Pitts. C. & St. L., 78.... 1900,
I
K.C. Mem. &Bir., Ist, 58,1927, M&Sl?
K.C.St. Jo. &C. B., 7S..1907, J&Jl
Ex
Q—
79%!
49%!
5
12
19
1
1913, J&D
Pa. &N. Y. Canal, 78. -.1906, J&D
1939, A&O
Consol. 5s
Perkiomen, 1st ser.,5s.l918,
Pnila.&Erie gen. M. 5g.,1920, A&O
1920, A&O
Gen. mort,,4g
Phila & Read, new 4 g., 1958, J&Jl
Istpref. income, 5 g, 1958, FeblJ
2d pref. income, 5 g, 1958, Feb. 1\
3d pref. Income, 5 g. 1958 Feb. 1
1893, A&O]
2d, 78
1911. J&D,
Consol. mort. 7s
1911, J&D|
Consol. mort. 6 g
Improvement >L 6 g., 1 897, A&O
!
16% 16%:
12
12
12
20
17
20
Jan.
Jan.
Jan.
130% Jan.
113% Jan.
05 Jan.
183% Feb.
205 Jan.
20% Jan.
40 Feb.
93% Jan.
57% Jan.
51
Jan.
24 Jan.
7 Jan.
2014 Jan.
169 Jan.
85% Jan.
23% Feb.
84 Jan.
22=8 Feb.
46% Jan.
Feb.
o' 51
13 143 Jan.
2| 24% Jan.
2I 41=8 Jan.
2 II6I4 Jan.
6! 66% Feb.
2 29=8 Jan.
2l 73=8 Jan.
Jan.
2 168
2| 52% Jan.
15 30 Jan.
27 17a,« Jan.
51
6=8 Jan.
26! 48I4 Jan.
6 230 Feb.
21
8% Jan.
6
93%
Bonds.
Ask.
69
4
Highest.
32%
1,607 xl84 Jan. 29 220 Jan.
1.706 3SI14 Jan. Vl 43% Jan.
340 13i4Jan. 2 17 Jan.
233 246 Jan. 3 260 Jan.
55 49i4.Tan. 27 50% Feb.
Jan.
261| 45% Jan. 7 49
50 Jan.
237 46=8 Jan.
24 Jan.
894 20 Jan.
48% Jan.
1,710 47% Feb.
52 Jan.
164 50 Jan.
18 Jan.
4,411 12% Jan.
87% Feb.
2,306 57 Jan.
9,905 42 Jan. 2 49 Jan.
729 25 Feb. 5 26 Jan.
16,957 21i4Jan. 26 23% Jan.
Ix
Bid.
Inactive stocks.
97
251
30
2278
28--
19,099
X Ex dividend,
made.
Lowest.
Shares.
.
190
191
Eange of sales in 1891.
Week,
Jan.
320
5 Jan.
"Ola
5»,8 5»,
151 89 Feb.
•88
89
89%
127 Jan.
130
113 Jan.
•113% 114
113%
116 192 Jan.
20414 204 14 204% 204%
41 176 Jan.
193%
183 183%
462 198 Jan.
203 203
203 203
ISO 16% Jan.
'19
19% 20
20
•39
40 34% Jan.
40
40
87 14 88
5,928 8614 Jan.
87'8 88%
55
11,500
51 Jan.
56
14
55% 50%
41 43 Jan.
50
50
51
51
23% Jan.
545
514 Feb.
5% 5% •5%
I8I4 Jan.
318
•18%.
•19
...
166 Jan.
•84
164 8214 Jan.
84%
84
84
210 20 Jan.
2314 23%
180 81 Jan
83
82%
82% 82%
1,228 17% Jan.
22=8 22=8
2278 227e
720
44 Jan.
4579
46
46
793 49 Jan.
50% 50=8 "50% 50=8
'142
14
Jan.
140
142
23% 23% 2314 23% 5,92 2014 Jan.
2,203
33
Jan.
38%
38% 38% 38
252 109 Jan.
111 111
110 111
88 65% Jan.
65% 66 14
66
66
28% 7,997 21% Jan.
28% 28=6 28
15,572
63=8 Jan.
72 14 73%
72% 7314
66 106 Jan.
168 168
1G8 168
51% 517e 3,003 50% Jan.
5178 52
100 29 Jan.
•29
•29H
16»,« 16%
16% 1631, 7,012 1578 Jan.
5
4% Feb.
4% 4% '46% 6%
46=8
3,217 42 Jan.
46%
46
229 14 230
122 225 Jan.
230 230
8I4
8% 2,036 7% Jan.
8%
30
194 197
191 193
42
41% 41
41% 41
15I4 I514 -15
15% 15% 16
15
15
•151a
260
260
260
250
255
252 253
253 253
259
51
'49% 501a 501a 501* '50
50% *49% 5OI4 •50
48I4
•47% 481*
*47
48
48
48
48
47% 48
49 14 48% 48% 49
48% 49
49
49
491a 4913
21
2013 201a
21
22% 22% 22% 23% 23% 24
4714 471a
47% 47% 47% 47% 47 14 47% 4714 47%
*50i4
5II4
•50
*50
52
x50
5014
50% 51
*15''8 1618
16
16
16% 16% 16=6 16% 1678 17%
85 14 87
8508
86% 85% 8714
84% 8514 85
86
47 14 47
4714
48 14 49
46% 49
46
47
47
•
2578 257e
2576
25% 25% 25^8 2578
25
2578
1851a 192
4II9 42
25
15
(Bait.). 25
80
81
BayStateOas
(Boston). 50
31
31%
6iBoston Land
"
10
6%
Centennial Mining...
"
10
15% 16%
Fort Wayne Electrlcll
"
25 12
12%
"
Franklin Mining
25 17
17%
•'
Frenchiii'n'sBayL'nd
5
6%
6.,e
•
Huron .Mining
25
3%
Illinois Hteelil
"
100 75
80
Kearsarge Mining
"
25
I214 12%
Morris Canal guar. 4. (Phila.) .100
Preferred guar. 10
'•
100 195
Osceola Mining
(Boston) 25
37% 38%
**
Pewaltic Mining
25
15
Pullman Palace Car..
••
100 192 104
Qainey Mining
"
251
90
"
xamarack Mining
25 150
Ihom8'uJElee-.We"i'Bl|
"
100
200
1 Unlisted.
28=8
7312
167% 168
51% 52
.
Atlantic Miniug
City Passenger^R...
*37i«
110
65% 65%
72%
5414
51a
38
110
2818
Delaware &Bound Br.(P7«Ja.).100
170
"
Har. Ports. Mt.Joy&L.
50
Kan. C'y Ft. 8.&Mem. (Boston). 100
"
K.C'yFt 8. &Gulfpf.
100
"
K. City Mem. & Birm.
100
66I4
Little Schuylkill
(Phila.). 50
Manchester & Law.. (jBos(o»i).10O
Maryland Central-...
(Bait.) 50
Mine Hill & S. Haven (Pliila.). 50
66%
*'
NesquehoningVal
50 53%
Northern N. If
(Boston). 100
North Pennsylvania. (Phila.). 50
82
Parkersburg
(Ball.) 50
Pennsylvania &N.W. (Phila.) 50
Kalcigh &, Gaston ....
(Bait.) 1 00
Butland
(Boston). 100
5
Preferred
"
100 60
63
Seaboard <& Roanoke. (Bai(.) 100
let preferred
"
100
WestEnd
(Boston). 50
85
Preferred
"
50 847e 83
West Jersey
(Phila.). 50
60
Wsst Jersey & Atlan.
"
50
Western Maryland..
(Bait.). 50
10
11
"
Wilm. Col. & Augusta
100 107 112
"
Wilmlngfn&Weldon
100 116 125
Wisconsin Central... (Boston). 100 21% 21=8
Preferred
"
100
58
Worc'st.Nash.&Roch.
"
100
AUouez
51
19
Cheshire preferred.. (jBo«(o)i).100
"
Connecticut & Pass.
100 119
"
Connecticut Elver...
100 220
MISCEI-I.ANEOCS.
Mining
(Bos/on). 25
51
19
6
5.
95
87%
6
19
37
110
Bid.
week ended Feb,
87
531a
85
21I2 "2214
21
4414 4414
44%
5078
501a 50Hi
141
142
23
23% 23I8
.
& Charlotte (Bait.). 100
Boston & Providence {Boston) 100
Camden & Atantic pf (Phila.) 50
91
182
204
-191a 20
39 40
40
85''8
.
Feb.
30%
5% 5%
Sales
of the
Thursday,
4.
113iall3i2
19% 20
51
Feb.
29«8
.2041s 204
'202I9
53%
Wednesday,
90
180
203
.
I/utest Prices
3014
512
90
204
181
181
.
Atlanta
3.
125
100
(Bosi/m) 100
Eastern
"
100 *83
Fitchburg prcf
'•
J 00
Fl. & Pere Marq.
"
100
Preferred
2012
Hunt. & Br. Top. rPAito;. 50 20
44I2
"
50
Preferred
"
5OI2
"SOH
50
Lehish Valley
Maine Central (Boston). 100 1421a 143
"
2278
23
100
Mexican Central
37I2
"
100 '37
N. Y. & N. Eng.
110
IIII4
"
100
Preferred....
Northern Central r-B««.j. 50 *65»a 66
Northern Pacific CP/iaa.;. 100 27% 28
"
100 7214 7215
Preferred
Old Colony.... (Boston).lOO '51% 168
51'e.
Pennsylvania.. (Phila.). 50
"
50
Philadel. & Erie.
"
50 1516,tl5i=i
Phila. & Reading
Bummit Branch (Boston) 50
'•
100 4473 447g
Union Pacific
United Cos.of N.J.rPA«a.>100
8
8
WesternN.Y.&PaCPAite.AlOO
nHscellaneiias Stocks,
Bell Telephone (Boston). 100 I8514 I8512
41% 41ii
"
25
Best. & Montana
"
25 *15ie
Butte «fe Boston..
"
25 250 250
Calumet cfe Hecla
50
(Bait.). 100 *49
Canton Co
"
100 4714 48
Consolidated Gas
4gia 4912
Erie Telephone r'-Bo«<on;. 100
50 *21% 23
I.amson Store Ser. "
Fhilj 60
471a 47i»
liChl'h Coal&Nav
N.Eng. Telephone lB'>st'n)100 501a 51
16
North American. (Phil.). 100 16
Sugar KeflneriesH (BosPn)lOO 847e 85
49
25
46
Thomson-H'nEl.TT "
"
25 25''8 25'?
Preferred
if
21=9 21%
West End Land.
* Bid and asked nrices
no sale w.ns
Inactive Stoclcs.
Fel).
29%
513
92i«
204
"
Preferred
2.
29 ig 30
.
Chic. Mil. & St. P. rpwi.;.ioo
CUic. & W. MicU. (Boston) 100
'
50
Cln.San.&CIeve.
"
100
Cleve. & Canton
Tuesday,
1916, M&N
1916, M&I*
1930. J&J
Chesapeake Gas, 6s
1900, J&D
Consol. Gas, 6s
1910, J&D
58
1939, J&J'
Equitable Gas, 6s
1913, A&O]
Virginia (State) 3s. iu>,w 1 932. J&J
Water 58
Funding 5s
Exchange 3%s
125%
125
125
10278 103
106%!
112%'ll3%
99%ilOO
107
64%
IllO
1
6.">'4
FM
5
{•bbruabt
1
I-
ani> Misckl.
[Vl'o'no
,.
Bohm. j»^|l ^VJce
At.Top.AS.F.-100-yr.4K.10X» J
&
J
(Coatlanei).
Kangt (Kiln)
ZoweM.
79Tg
78
Jan.
47>« Jan.
48>«1>
lUSUi Bejit.
lOO-yiMir liieomn 6 g
12i4l)
12 .lau.
Ati. a ruc.-w. 1). iiif., t>». utioL.......
74 b. 72 Jan.
ui.t. J * J
OoaranloMl, 4 K
Ill
13b.
10«»BJan.
A
&
O
BrooklyiiEl.«vtttcill«tO.K.l»',Jl
J 10«0gb. 1C5 Jan.
Oau.OiiuUi.-lst guar., S11.IUO8 J
SB's
95>sJan.
lUi:<
:.
Xd. M>
lis
115 Jan.
C3*inral of N. J.-Conn. 7»..1W99 Q-J
*
M AS
Con«ol..7«
OMiftuI inoricnci'.
">
lt)02'M
R ...HKHTJ
IK12M
moriifiiK'fi, .^s
&N
&
Q—
Leh.A\v.n..coii.T».,n'<'B<t.l!ioo
do
.
THE CHRONICLE.
7, 1891.]
NEW YORK STOCK EXCHANGE PRICES
Bailboad
1
1^2
J 110>4
4N
•no
b.
1)7
b.
121
107
112
Jan.
Jan.
Jan.
238
— AOTIVE BONDS FE B.
in 1891,
IU1L.OAD AKD
M»C.U
atghest.
Jan.
Jan.
Jan.
75 Jan.
112>4 Jan.
106% Feb.
983b Pol,.
118 Jan.
122
Fel).
lis
Jan.
Am. Dock A liini.,ft».... I'.l'JliJ « J I06>eb. lOU2'<8 Jan. 108i» Jan.
ll'2^b. 1 1
Jan. 1123(, Jan.
Central l'uoillo-(.<>l'lti»...lHi»8 J * J,,.
,
b. IIG
Jan. 117 Jan.
Chos. A l>bl<).-Morl.GK..lUll A A O 114
96>9Jan.
HtSOM A N 99I11
99% Jan.
l«t consol. 6 K
h
E. 4 A. Dlv..T8tcou..4 (f.lD^'tf J A J 75
7II2 Fell.
67 Jan.
A J 71
ilo
l»tcon.,a-4g.l!»80
7139 Jan.
do
V!dcon..4K. ..108« J A J Tlijii. 68 Jan.
1911 F A A 104i«b 10-1 Jan. 107'»Jau.
OhM. O. A 80. W.-6 g
Jan.
Cblr. Burl. A q.-Con. 7... 1903 J A J 122 b 121i2Jan. 123
99 b. 98 '4 Jan. look's Jan.
1913
Debenture .^8
92i»Jan.
95 Jan.
191ia F A A ayifeb,
Denver Division, 4s
RU b, 86 Jan.
88% Jan.
Nebraska Kitcuslon 48..iua7
aic. A !•;. Ill.-Ht, «.f..Bg.l907 J A V 11414b 113 Jan. 114% Feb.
1934 A A O 119 b. 120 Jan. 121 Jan.
CoB8ol.«g
94 b. 95 Jan.
98i3Jan.
Oener»l eonHOl. l8t, 98...1937
A J 88 B. 83>2Jan. 89 Jan.
Chio. Gm. L. a C.-l8t, 5 g. 1937
A J|125 b. 120 Jan. 125 Jan.
Ohio. .Mil. A St. r.-cou. 7«. luoa
A Jilll>«b. 110 Jan. 112 Jan.
l»t,f<i.iitliwe»t Div.-08..l901t
A J!ll2i»b. 110 Jan. 1 14 Feb.
l8t. Ho. MIn. Dlv.-«9 ....1910
A Jt 10559b. 104 Jan. 100i<!.Ian.
l«t,Cli.&l'»c>.\V.Div.-S».1921
9.'>i2 Jan.
A J 98
98 Jan.
Chic. A Mo. Klv. Div.-58 192ti
A J 104 1). 101 Jan. 103 Jan.
Wis. A Minn. D1T.-5 g. . 1921
JHOII4
101
Jan. 102% Jan.
A
1914
Terminal, 5 g
84^8 Jan.
A J s7
87 Feb.
Oen. M.. 4 g.. Beriea A.... 1989
1 07 « Jan.
109 Jan.
UUv.A North.-M. L., tjs.l910 A dIiio
A d!UO«» 107 Jan. 110% Feb.
1913
l8t, con.. «3
Chic. A N. W.-Cousol. 78.. 191. Q-F il38 a. 1381s Jan. 13»i2Jan.
1902 J A Dil27>3b. 125 Jan. 12712 Feb.
Coupon. K"ld.7»
1929 A A O 114 I).
8inkinirfuud69
1929 A A o:i08'4a. 105 Jan. 10714 Jan.
Sinking fund 58
Bmktng fund deben. 5s. . .1933 M A n'109 b. IO61.J Jan. 10e»8Jan.
1909 M A N'105>ab. 1041.2 Jan. 1051a Feb.
B5-year debenture 5s
9«i2 Jan. 100 Jan.
192H F A Al'97
Kxteuidon48
9712 Jan. 100 la Jan.
Chle. Peo. A 8t. Louis— 5 g.l928 M A 8! 99'sb
Jan. 12613 .Ian.
Chle. K.l. A Pac.-Bs, coup. 1917 J A J|127'4a. 124
96'8 Jan.
1934 J A jl 98
Extension .V col. 59
991a Jan.
Chlo.St. I..A I'itt.— Con., 5 g. 1 932 A A 01 97 b.
Chle. St. P.M. A O. -6s. ...1930 J & D U7 b, 116 Jan. 119 Jan.
90 Feb.
Clevelaiid A Canton— 5 g..l917 J A j! 8712b. 3713 Jan.
Jan. 132 Fob,
C. C. C. A r.-Consol. 7 g. . 1914 J A D'131 b. 129
1934'J A J-:120lsa 117 Jan. 118 Jan.
Oeneral conaol. tig
190o!F A Ail02 b. 102 Jan. 106 Jan.
Ool. Coal Alron— «g
71 Jan.
Colorado Midl'd-Oon. 4 g..l940 F & Aj 70128. 69 la Jan.
80% Jan. 86 Jan.
Coi. H. Val. ATol.-Con. 5 g. 193 M A si 8514
1904 J A D' 86 a. 84 Jan.
86 Jan.
General, 6g
Denver A Kio Gr.— Ist, 7 g. 1900 M A N 117 b. 116 Jan. 117 Jan.
79 Jan.
l8teoDKol.,4 g
83 Fob.
193C J A J 83
91 Jan.
Det. B. City A Alpena— B g 1913 J A J 9Bia
961a Feb.
Det, Mac. AM.— L'd grants. 1911 A A O 31 b. 291a Jan.
31 Jan.
97%b.
A
A O
95 Jan. 100 Jan.
Dul. A Iron Range— 5s. ...1937
95 Jan.
Dul. So. 8b. A Atl.— 5g....l937 J A J 99
99 Feb.
103% 101 Jan. 104 Jan.
£. Teun. V. AG.- Con., 5g.l95H
Knoxville A Ohio— « g...l925 J A J 107 b. IO314 Jan. IO713 Feb.
8i
9458a. 90 Jan.
JtUx. Lex. A Big 8an.— 6 g.. 1902 M &
95 Jan.
99^8 Jan. 105 Jan.
Ft. W. Al)env.City-6g...l921 J A 1» 103
94 b. 931a Jan.
Oal.H.ASan An.— W.Div.let.S g.
94 Jan.
& 8!ll«'4b. 114i4Jan. 117 Jan.
Han. A 8t. Jos.—Cons. Bs ..1911
9Bi9 Jan.
Illtuois Central- 4 g
1952 A- A 01 9639b. 96 Feb.
b. Ill
Int. AGt. No.— l8t, Bg ....1919|M A
Jan. 115 Jan.
Coupon, 6 g., trust rec...l909!M A 81 72iab. 72 Jan.
76 Jan.
Iowa Central— l8t, 5 g
1938 J A D] 82
SO'e J.in.
84 Jan.
Kentucky Central— 4 g
7812 Jan.
1987 J A J| 8II4
8213 Jan.
Kings Co. El.-lst, 5 g
1925 J A J] 9919b. 99% Jan. lOOUJan.
8138
LacledeOas— Ist, 5g
821-2 Jan.
1919 Q—
78 Jan.
Lake Erie A West.— 5 g
1937 I A j! 109 b. 1051a Jan. 109''e Jan.
*120
b. 1201a Jan. 122% Jan.
I*k68hore.-Con.oi).,l»t,7s.l900 J A J;
C0D80I. coup.. 2a. 78
D 12312b. 12.S Jan. 124 Jan.
1 903 J A
Longlsland— 1st, eon.,5 g.l931 Q—J lll4 a. 110% Jan. 114 Feb.
92I2 Jan.
General mortgage, 4 g... 1938 J A D 91^8
90 Jan.
LouisT. A Nashv.— Con., 78.1898 A A 0:113i2b. 113 Jan. 114i3Jan.
N. O. A Mob.— Ist, 6g...l930 J A JI116 b. 114 Jan. 117 Feb.
do
2d, 6 g
1930 J A J 104 b.
E. B. AN.-lst, 6g
1919 J- A U 1121a 1121a Jan. 1121a Jan.
0«neral.6g
19301J A D113 b. 11313 Jan. 1131a Jan.
Collateral truBt, 5 g
A N 103 b. 101 Jan. 103 Jan.
1931
LOUU.N. A. ACh.— Ist, B8.191o'J A J 108 lab. 106 Jan. Ill Jan.
CODBOl., Bg
1916 A A O: 93
84% Jan. 95 Feb.
Ix)al8.8t.L.ATexaJi— Bg..l917lF A A 85
78 Jan.
88 Jan.
Metro. Elevated- I8t,6g..l908 J A J 114%b. lllS9Jan. 115 Feb.
2d, 68
1899
A N|]05
104 Jan. 10512 Jan.
Mich. Cent.— let, von., 78. .1902 M A N1123
122 Jan. 1231a Jan.
Con8ol.,59
1902 M A N 108
107 14 Jan. 108 Feb.
HU.LakeSh, AW.— I8t,6g.l921 M A N 12212b. 118% Jan. 122I2 Jan.
Exten. A Imp., 5 g
1929 F A A 99%
98 Jan. 101 '8 Jan.
M-K. AT.-lsUs, g
1990 J A li 78%
74% Jan. 78% Feb.
2d4s,g
1990 F A a' 42
4412 Jan.
361a Jan.
Ito. Pacific- 1st, con., 6 g. 1920 M A N 108 b. IO514 Jan. 108
Jan.
3d, 78
1906MA N 115 b. 1 1 5 Jan. 115 Jan.
Pac.of Mo.— I8t,ext.,4g.l938 F A A 98 a. 9914 Jan. 100 Jan.
Sdmort.,7s
1891 J A J lOO b. 9913 Jan. 100 Jan.
Mobile A Ohio— New, 6 g.. 1927 J A D 114 b. 112 Jan. II4I2 Jan.
68I4
General mortgage, 4s
193.-< M A 8
68 14 Feb.
63 Jan.
Ifatual Union Tel.— 6g
IwiljM A N 103 b. 102 Jan. 104 Hi Jan.
Maah.Ch. A8t. L.— l8t, 78.1913IJ A J 126 b. 125 Jan. 1261-2 Jan.
Cop.Sg
1928 A A O lOeiab. IO513 Jan. 10513 Jan.
TlOTB- "b" Indicates prloe bid: " a" price (u/e«( the Kanio is made up
I
I
.
1
I
2d pref.income 5 g
35%b.
1958 Feb.
3d pref.lncome 5 g
28
1958 Feb.
PittoburgAWeiiteni- 4g..l917 J A J 80%
Kich.Aiianv.— Con.,6g...l915 J A J 116 b.
Consoi., 5 g
1936 A A Ol 88 b.
Rich.&W.P.Ter.— Trusteg 1897iF A A 97%
Con. Ist A ool. trust, 5g. 1914 M A 8 74%
KioG, Western— l8t, 4 g... 1939 J A J' 76 '»
B. W. A Ogd.— Con.. 5s. ...1922' A A O* lOBiflb.
St.Jos. AOr.lslaml— 6 g..l925iM A N 85
St.L. Alt. AT. H.— 1st, 7s. 1894' J & J Si's
2d, pret, 7s
1894 F A A IO4I9
et.L.Ark.ATex.- lst,6s,t'8t.reo.
82
.
2d,68, 1936, tr.rec. all ass.pd.
A Iron
1st, 78. .1892
2d,7g
20ia
lOlia
N|106%
6g., ClassB
6g.. ClasaC
1906|MA
NHH
1906
Nilll
M A
A J|107
M A Nlll7iS8
A J 11713a.
A J 100 u
A D 87 a.
A J 7213b.
A J 7214b.
General mon., 6 g
1931 J
8. P. M. A M.— Dak.Ext.,6g. 1910
Ist consoi., 6 g
1933 J
Do
reduced to 4 lag...
Montana Extension 4 g..l937
San A. A Aran. P.— Ist, Bg.l916
MAN
M AN
M
l8t,6g
1926
Sheu.Val.— l8t,7g.,Tr. rec.1909
Gen'l 6 g., Tr. rec. a8s't'd.l921
So.Car.— l8t, 6 g.,ex coup. 1920
Income, 6s
1931
Bo. Pac., Ariz.— 6 g
1909-10 J
60. Pacitlc, Cal.— 6 g
1905-12 A
l9t, conBol., gold. 5 g
1938 A
80. Pacitlc, N. M.— 6 g
191 J
Tenn. C. I. A Ry.—Ten. D., 1st, 6g A
Birm.Div.. 6g
1917 J
NH3
;
F A A
M A
1897
Cairo&Fulton— l8t, 7 g.l8911J A J.loOia
CairoArk. ATexa'!- 7g .1897|J A D 105 b.
Gen. K'y Alandgr.,5g..l931 A & o| 93
St. L. A San Fr.—6'g.,CI.~A. 19061 M A nI 1 1
.
M
Mt—
St. L.
1
1
101% Jan.
b.
1 1
MAN
MAN
MAN
M
103
1903 J
ooupon., 7s
»«, coup., 1884... 1904iM
0arlem— 7», reg...lOOO
Feb.
11014
1893M & N
A J 125 b. 127 Jan.
A 8*110 a. 109 Jan.
N. Y. A
M A N,*125 a. 122i«) Feb.
N.T.Chlo.&St. L.—4g....l937 A A O n4'eb, 91 Ju.
N. Y. Elevated— 7»
1906 J A J 112 b.
1
Jan.
N. Y. Lack. AW.-l»t, 68..1921 J A J •125 b. 127% Jan.
Constniction, 5»
108 Feb.
1923'F A A I08'4
N.V. L.E. A W.-l»t,oon.7g.l920|M A 8 137iab. 133 Jan.
liOngDook,7a
1893 J A Dion b. 105 Jan.
Conaol., 6g
19351A A O 117 b. 115 Jan.
2doongoi.,rg
96°8 Jan.
19691J A U 100%
N, Y. Ont AW.-lBt.6g...l914|M A 8 112%
111% Jan.
Cousoi. Ist, Og
1939 J A D 90
92% Jan.
N. y.SU8.AW.-l8tref.,5g.l937!j A J 99«b
94 Jan.
Mldlandof N. J.— «g
1910'A A O 113 b. 112 Jan.
Norf. A W.— 100-year, 5 g.l990 J A Jl 95
93 Jan.
North. I'ac.-lst, coup., Bg.l921 J A J'11.'J%
113 J ID.
General, 2d, coup., 6g...l933lA A O 113%
llOif) Jan.
107 la Jan.
General, 3d, coup. 6 g....l937|J A D 11138
Consoi niort. 5, g
1989 J A D 85%
82 Jan.
NortliPac, A Mon.— g... 19381m A 8 107iab. 104 Jan.
No. FaoiBcTer. Co.— 6 g...l933 J A J*l06b. 105
Jan.
Ohio & Ml«8.— Cons.B.f .— 7 .1898J A Jlll%b. 111% Feb.
Consoi., 78
1898 J A J lll%b. lUHJou.
OhioSoutnem- I8t, 6g....l021 J A D1106 b. IO3I9 Jan.
Oeneial niort., 4 g
1921 M A N 63
55 Jin.
Omaha&St. Louis—4g....l9371J A Jl 57 b. 53 Jan.
Oregon Inip.Co.—lst.eg.. 1910 J A D 103
90 Jan.
Ore. K. ANav.Co.— I8t,6g.l909 J A J'llOfiiab. 107 >a Jao.
Consul., 5 g
1925 J AD*94''8a. 92 Jan.
Penu. Co.—4i3g., ooupon. .1921 J A J 106
105 19 Jan.
Peo. Doc. AEvansv.- 6g..l920 J A J1102 b. 100 Jan.
ETanavilieDiv.— 6 g
1920 M A 8 100 b. 95 J .n.
2dmort.,5g
192B M A NI 68'ab. 66 Jan.
Peoria A East, consoi. 48. .1940; A A O! 79I4
751a Jan.
Incoine,48
1990 April. 19 b. 18 Jan.
Phila. Ahead.— Gen.,4g..l958IJ A J 80%
78% Jan.
Ist pret. income, 5g
5514
1958 Feb,
53 Jan.
Itt,
Deben,
14
APac— Ist, 5g
Tex.
2000 J
130
56
A
1712b
A
J 103
A J
A D
94
A W est
A Kan.
4 g.
Union PatMlIc— 6 g
. .
1935 J
1917 J
A
A
A
C— 6 g..l916 J A
1899
1893
1918
Slnkinir fund. 88
Collat. trust 413
a.
b,
8918
33%
93
MAN
A 106
Cent.—5 g
b.
b,
A O llSiaa.
A O •100 b.
A J •103 b.
A O 91 b.
2d, income, 5 g. ..T.."..J.26od March.
Tol. A. A. AN. M.—fig.
1924
„
Tol.A. A. AGr. Tr.— 6g... 1921 J
J
Tol.
Olilo
Tol. Peo.
Tol. St. L.
I,
1S»I.
»«"•
BO.M.'jnl*^./;"]^ *'«*' C^"' '»
Feb. 6
Lotmt.
BtghUU
N. Y. Central—Extend., 5*.
80
53
AND aiNOE JAX
6,
b.
b.
J 107 a.
J 7413b.
D 89
J 113''9b.
MAS
MAN
3413 Jan.
27 Jan.
75 19 Jan.
115 Jan.
881a Feb.
97 Feb.
68% Jao.
74 Jan.
105 Jan.
85 Feb.
110 Jan.
104»a Feb.
78% Jan.
19 Jan.
101 la Feb.
105 Jaf.
98I4 Jan.
103% Jan.
911a Jan.
110 Jan.
111 Jan.
Ill Jan.
108 Jan.
115
Jaii.
11413 Jan.
80
62
62
Jan.
Jan.
Jan.
136% Jan.
61 14 Jan.
103 Jan.
13 Jan.
102 Jan.
112 Jan.
99 Jan.
IO214 Jan.
86 Jan.
93 Jan.
851a Jan.
31 Jan.
93 Jan.
104 Jan.
10258 Jan
74 Jan.
83% Ja".
113% Jan.
1 1078b. 108
Ja.
70 b. TO Jan.
Kansas Pacitlc- Ist, 6 g. .1895 F A A 110
110 la Jan.
lst,6g
1890 J A D 110 b.
Denver Div.—6 g
N 111 b. Ill Jan.
1899
Ist consoi., 6 g
110 b. 108 Jan.
1919
Oregon Short Line—6 g..l922 F A A 10413 102 13 Jan.
Or.S.L.AUt'hN.— C0U.5 g.l919 A A O 77
77 Feb.
U.P.Den.&Gulf con. 5g.l939'J A D 8OI3
78 Jar
Union Elevated— 6 g
1937 M A N 109 b. 106 Jan.
Virginia Mid.— Gen. m.,5s, 19361 M A N 84 13b. 81
Jan.
do
83 Jao.
stamped guar. M A N 87
Wabash— l8t,5g
101 Ig
98 J«r.
1939
2d mortgage, 5 g
71 b. 70 Feb.
1939
Debent. M., series B
31 b. 30 Feb.
1939
102 19 100 Jan.
West Shore— Guar.. 4s
2361
10078
West. N. Y. A Pa.— iBt, 5g.l937
96 Jan.
2dmort.,3g.,5sc
33>4b. SOk Jan.
1927
West. Un. Tel.— Col. tr., 53. 1938
99
98 Jan.
Wis. Cent. Co.— 1st, 5 g
95
95 Jan.
1937
42i«b. 3413 Jan.
Income, 5 g
1937
from actual sales only. * Latest price thia week.
I
lOgi, reb.
127% Jao.
no
i»n.
123>« F«l>.
OSi* Jan.
112^JII.
182 Jao.
108 M Feb.
1874 Jan.
lOB
117
Jan.
Jan.
Feb.
Fab.
96 Feb.
100 Feb.
11414 Jan.
100%
112%
9Si9JaD.
116% Feb.
114
Feb.
Feb.
85Tn Jan.
108 >a Feb.
108 1« Jan.
1 12
Feb.
111% Jan.
106 Jan.
63 Feb.
113^
58i3Jan.
103 Feb.
109 Jan.
04 Jan.
106 Jan.
101
Jan.
10li4Jan.
70
79%
Jan.
Jan.
22
.Ian.
81% Jan.
58 Jan.
38 la Jan.
30 Jan.
81
118
Feb.
Jan.
eUaJan.
IOOI3 Jan.
75 Feb.
7714 Feb.
107 Jan931a Jan.
110 Jan.
107 Jan.
82 Feb.
21 Jan.
105 Jan.
107 Jan.
100 la Feb.
106 Feb.
93% Jan.
1 10
Jan.
111% Jan.
11 1^9 Jan.
110 Jan.
118 Jan.
116 Feb.
87
Jan.
7218 Feb.
Feb.
7H4
132
Feb.
om Jan.
103
14
Jan.
Jan.
IO314 Jan.
112 Jan.
101 Jan.
10313 Jan.
94 Jan.
9612 Jan.
sg'e Jan.
35 14 Jan.
9513 Jan.
IO514 Jan.
10713 Jan.
77 Jan.
91 Jan.
113% Jan.
Ill Jan.
72 Jan.
Ill Jan.
MA
MAN
Ill
MAN
l01i3Feb.
Jan.
110% Jan.
106i« Jan.
80% Feb.
82 Jan.
10913 Jan.
86 Feb.
87 Feb.
77i3.TaD.
35
103
101
3413
Jan.
Jan.
Feb.
Jao.
Jan.
Jan.
99 14
97
45 Jao.\
NEW YORK STOCK EXCHANGE PRICES—(Continued).—/AT^CT/KE BONDS—FEBRUARY 6.
SECURITIES.
Bid.
Railroad Bonds.
Baltimore
(Slock Exchange Price:)
Alabama Mid.— Ist, g., 6a
1928
Atlantic A Danv.— Ist g., 68.. 1917
A Pac—
AU.
2d W. D., gu. Bs, 1907
Bait. A Ohio— l8t, 68, Park B.1919
Ba, gold
1925
Cons, mort., gold, 58
1988
A O. 8. W., lat, g., 4138.. .1990
•
No
price i'riday
88
.
J.
;
SECURITIES.
Ask.
115
105
107
Bid.
Mon. Biv., l8tguar.,g., 5s.. 1919
Oenfl Ohio Keor.— Ist, 4138.I93O
Beech Creek— 1st, gold, 48. ...1936
8o8t. H. Tun. A wT— Deb. 5s. 1913
Brooklyn Elcvated-2d, 8-58.1915
Bufl. Roch. A Pitt*.— Oen., 58.1937
lOTij
1921
Koch. APitts.-lut, 68
90
109>a
lom
94 la
.
these are the latest ^uotationa »"»de thls.week.
87
gu..l927 113
.
103
9513
87
98
116%
Consolidat'd lat, 68 1 922 1121a 114
do
Ced.Rao. ANm.— l8t..'>s.l90«
97
98
<»nrl
Bid.
Burl. Ced. Rap.&No.— (Contin'd)—
Consoi. A collat. trust, 5b. .1934
9913
85
97
SECURITIES.
Aak.
A Ohio- (Continued)—
Minn.
Iowa
A
C.
St.
L.— 1st,
7s,
A West.— 1st, 78. ... 1909
Ced. Rap.
iBt, 5a
I.
F.
A N.,
Ist,
68.1920
1921
C.Ohio— Ool. Aan.M.l8t,4i38.1930
90
Jent. RB. A Bank.—Col. g.5a.l937
85
8av. A West.- Ist con. gtd.5s. 1929
''ont of N. J.— Couv, fl«h.. «» liW-J lis
Aak.
87%
108
94%
86
6
THE (JHRONICLE.
2S4
NEW YORK STOCK EXCHANGE
Bid.
SECTjEITIES.
FRICI^S.-INACTIVE
BONDS—f ContinuedJ -FEBRUARY 6.
Bid.
6ECTJEIXIES.
Ask.
Exchange Prices.)
Central Paclflo—Gold bds, 68, 1895
1896
Gold bonds, 68
1897
Gold bonds, 68
1900
San Joaquin Br., 6b
(Stock
Gal. H.
IO8I4
&S. A.— 2d mort.,
West. Div., 2d 68
Ga. 80. & Fla.— 1st,
g.
7b. .1905
6s
—
1
LA
. .
.
. .
.
C—
L—
•
.
.
.
.
.
. .
•
Ko
ice Friiay: these are the latest
quotations
made
this week.
8ECUEITIE8,
ABk.
94 100
1931
1927
941a
Grand Eap. &Ind.— Gen. 58. .1924
110
72
.1911
1st
68
P.—
&
St.
Green
B.
W.
HO^s
23
25
2d income, all subs, paid
106
1937 104 1041a
101
Housatonic—Cons, gold 5s
Cal. & Oregon—Ser.B. 6s... 1892| 100
N. Haven & Derby, Cons.58..1918
1939:
Mort. goldSs
Hous.&Tex.C— 1st, m. 1. 78.Tr.rec. 114
103
1900| 100
Land piaut, 58, g
West Div. 7s,Trust recelpt8.1891 114
West. Paclflo—Bonds, 68.... 18991 107>2 108
1901 111
1st Waco & Kor.— 7s
No. Railway (Cal.)— Ist, 6s.l907|
2d m.88.M. 1. Trust receipta.1913 125
193Bj 100
50.year 58
90
89
mort.6s,Trustreceipt8.1925
114
Gen.
Ohes. & O.— Piir. M. hmd, 6s. 1898
102%
II9I2 minois Central— 1st, g., 4s ...1951 102
1908
68, gold, series A
1951
3133
77
Ist, gold,
Caes. O. & So. West.- 2d, 6s.. 1911
1898 108 1101*
Springf. Div.— Coup., 63
1893 104% 10476
Chicago & Alton— 1st, 7s
1921 112
mddle Div.— Eeg. ,5s
1903 12012
Blnking fund, 6s
C. St. L. & N. O.-Ten. 1., 78.1897
Louis. & Mo. River-lst, 7s.l900 116
1897
7s
1st, consol.,
1900 116 120
2d, 78
1907
2d, 68
Bt. L. Jacks. & Chic— I8t,7s.l894 107 »fl
1951 *103
Gold, 5s, coupon
1894 107
1st, guar. (564), 78
95
1951
Memp Div., Ist g. 4s
1898
2dmort. (360), 78
106H.
Dub. &S. C— 2d Div., 78... 1894
1898
2d, guar. (188), Vs
87
90
Ced. Falls & Minn.— Ist, 78. .1907
Mi8S.E. Bridge— 1st, 8. f ., 68.1912 105
93
Ind. D. & Spr.— ist 7s, ex. cp.l906
Ohic. Burl. & Nor.—Deb. 6e...l896 100
1947
Ind. Dec. & West.— M. 5s
Ohlc. Burling. & Q.— 58. 8. f..l901 104>s 105
32
1948
2d M., inc. 58, tr st rec
Iowa Div.— Sink, fund, 58.. 1919 104
721a
Inter. & Gt. Nor.— Coup. 68... 1909
Sinking fund, 4s
1919 9258 93
90
Kanawha & Mich.- Mort. 4e.l990 741a
85
Plain, 4s
1921
97 12 ICan. C.Wyan.AN.W.— 1st, 58.1938
Ohic. & Indiana Coal— Ist 5s. 1936
118
L. 6h. & M. So.— C. P.&A.—78.1892 i'c6
Ohl. Mil. & St.P.— lst,88,P.D.1898 117
116
Buff. & Er.—New bonds, 78.1898 1151a II6I2
2d, 7 3-lOs, P. D
1898
130
1906
Det, M. &T.-lst,7s
Ist, 78, $ g., B. D
1902 I2II4 124
Lake Shore—Div. bonds, 78.1899 117
Ist, La Crosse Division, 78.1893 108% 108 14
•108
Mahon'g Coal EE. -1st, 58.1934
lst,I. & M.,7s
1897 113
LehighV.,N. Y.-lst gu.g.4i28.1940 103
1st,
D.,78
1899 117 119
98
l.itchf. Car.& West.-let 6s. g.l916
l8t, C. & M., 7s
1903 1-21
118
1898
Ist, I. & D. Extension, 78.
1908 123 123I2 Ixmglsland- Ist, 7s
N. Y. & E'way B.— 1st, g. 58.1927
Ist, La C. & Dav., 58
1919 100 >4
40
1927
2dmortg., inc
l8t,H. & D.,78
1910 II914 120
Smithtown&Pt. Jeff.— lst,78 1901 •107
Ist, H. & D., 5s
1910 99
80
861a
Chicago * Pacific Div., 6s.. 1910 115 120
Louis.Evans.&St. L.—Con.58.1939
Louis. A Nash.— Cecil. Br, 78.1907 105
Mineral Point Div. 5s
1910 991s
1920
100
103
Pensacola
Division,
6s
'1071s
C. &L. Sup. Div., 5s
1921
Fargo & South., 68, Absu. .1924 111
St. Louis Division, 1st, 68.. .1921 «120
65
Inc. conv. sink, fund, 5s
1980 *
2d, 3s
1916
Dakota&Gt. South., 5s.... 1916
Nashv. & Decatur— Ist, 78. .1900 -115i« 1161a
1910 •100
Chlc.&N.W.— E8C.&L.S.lst,6s.l901 '106
8. f .,6s.— 8. & N. Ala
1924 101
Des M. & Minn.— 1 st, 7s.
10-40, gold, 68
1907 •121
Iowa Midland— Ist, 88
50Teur5s, g.,
1937 1061a
1900
Peninsula— Ist, conv., 78. ..1898 115
1940
Unified, gold, 4s
Chic. & Milwaukee— Ist, 78.1898 116
119
Pens. & At.- 1st, 68, gold... 1921 101
1001*
Win. &St. P.— 2d, 7b
Nash. Flor. & 8. 1st gu. 5s.,1937
1907 130
Mil. & Mad.— Ist, 6s
Lou.N.Alb.&Ch.— Gen.m.g.58.1940 7712
1905 112
Ott. C. F. & St. P.— Ist, 53.. 1909 106%, 108
Lou. N. O. & Tex.— Ist, 4s.. ..1934
88%
107 12
Korthern III.— Ist, 58
2d mort., 58
1934
1910
C.K.I.&P.— D.M.&F.D.,l8t48.1905
76
Memphis & Charl.—Cs, gold.. 1924 103 105
l8t, 2128
1
con.
Tenn
lien,
1H15 120
st
7s.
1905
Extension, 4s
Mexican National— Ist, g., 68.1927
1905
Keokuk & Des M.— ist, 5s.. 1923
100
Income,
2d,
6s, "A"
1917
Ohic. St. P & Kan. City—58. .1936
2d, Income, 6s, "B"
1917
Minn. & N. W.— 1st, g., 58.. 1934
Michigan Central—68
1909
Ohio. St. P. & Minn.— 1st, 68.. .1918
Coupon, 5e
1241a
1931 il2i4 il3"
St. Paul & 8.
1231$
Mortgage 4s
101
1st, 68
1940
1919
Ohic. & W. Ind.— 1st, s. f., 68.1919 106
Jack. Lan. & Sag.— 6s
1891 •1021a
General mortgage, 6s
104
MU. L. S.&W.— Conv. deb., 58.1907 99 -a 100 H!
1932
Oin Ham. & D.— Con. s. f., s.1905 123
Mich. Div., Ist, 68
1924 113
2d, gold, 41^8
Ashland Division— 1st, 68 ..1925 114 116
1937
Oin. I. St. L.& Chic— l8t,g.,4s.l936
96
Incomes
102 104
Consol., 6s
Minn.A St.
1920
1st, g. 7s
1927 1031a 1061s
Otn. Jack. & Mac— 1st, g., 5s. 1936
70
Iowa Extension, 1st, 7s
1909 94 100
O.C.C. & St. L., Cairo div:—4^ 1939
84
90
2dmortg., 78
53
55
1891
OLCol. Cin. & Ind.- Ist, 7s,sll899
117% Southwest Ext.— 1st, 7s
1910 75
Consol. sink, fund, 7s
1914
Pacific Ext.— Ist, (is
92
1921
Cleve. & Mah. V.— Gold, 5s. ..1938 110
Impr. & equipment, 69
1922 50
Colorado Midland— Ist, g., 68.1936
109
Minn. & Pac— 1st moitg., 58.1936
Columbian Green.— Ist, 68... 1916
107
Minn.S. Ste. M. & Atl.— 1st, 58.1926
2d, 68
1926 80
Mo.K.&T.— K.C.&P., Ist,ls,g.l990 i
Del. Lack. A W.—Convertu 78,1892 103%
Missouri Pacific— Trust 5s.. .1917
95
Mortgage 7s
1907
Mobile & Ohio— 1st ext., 68.. .1927
8yra Bing. & N. Y.-lst, 7S.1906 130
St. L. & Cairo—4s, guar
1931
801s
Morris* Essex— Ist, 78.. ..1914 14158
Morgan's La. & T.— 1st, 68.. .1920 II213 113
2d, 78..
1891 IOII4 lOlSg
1st, 7s
1918 I2714 1271s
Bonds, 7s
121
1900
Nash. Chat. & St. L.— 2d, 68.. 1901 101
108
7s of 1871
1901 124's 1251a New Orleaas & Gulf— Ist, 68 .1926
l8t,con., guar., 78
1915 136 1371a N. O. &. No. E.-Pr. 1., g., 6S..1915
»6l. & Hud. Can.— l8t, ex. 78.1891 101%
N. Y. Cent.— Deb. g. 4s.
1905
100 Is
Coupon, 7s
1894 110% ii'ii^ N. J. Junction— Guar. 1st, 48.1986 99
i'a. Div., coup., 78
1917
1421a N. Y. N. H. & H.— 1st, leg. 48.1903 105
iio
Albany & Susq.— lst,gu.,78.1906 *129 132
N. Y. & Northern— Ist, g., 58.1927 105
110
.ist, cons., guar., 68
1906 119
2d, 48
1927 47
51
Kens. & Sar.- Ist, coup., 78.1921 145
147
N. Y. Susq. & West.- 2d, 4128.1937
741a
75
Denver City Cable-lst, Os. ..1908 9»ij 100 la
Gen. mort., 5s, g
1940 801a 811a
Denv. & R G.-Imp.,g., 6s... 1928 85
851a North'n PaciHc-Divid'd scrip ext. 103
James Elver Val.— 1st, 68... 1936 '103
1161s
^•^^J"?- ^"^ * Qa.-l8t, 78.. .1900 116
Divisional 5b
1930 *105
Spokane & Pal.— 1st, 6s
1936 103
1st ext.. gold, 58
1937
83
St.Paul & N. P.-Gen., 68..1923 116
120
J!.q.&lnip.,g.,58
1938
Helena&RedM'n-lst.K., 68.1937 100 102
Mobile Si Birui.- i8»,g;,'5V.!l937
92
DuUith&Manitoba— lst,g.68l936 105 106
AJabama Central— let 68 1918 85
Dul.&Man Dak.Div.— Ist68.1937 104 105
Erie— Ist, extended, 78
1897 115 1181a
CcBur d' Alene- 1st, 68, gold 191
107
2d, extended, 5s
1919 1151a 120
GBn.lst,g.,6s
1938
Voe'
3d, extended, 4is8...
1923 108 14
Cent.Wa*hington-lst,g.,68.1938 ibi" 107
4th, exfendcjl, 58
!!!'""l920 113
Norfolk A West.— General, 6s. 1931 117
5th, extended, 48
1928 100% 101 la
New River, 1st, 6s ..
1932 113
Ist, cons., fd. coup.V7s.."!"'l920
135
Imp. A Ext., 6s
1934
Beorg l8t lien <&!
iqSs 103
Adjustment M., 78
1924
n34 139
Equipment, 5s
1908
KY. L K. & W.-Ool. tr.,68.192a •111
'"
Clinch Val. Ist 58
1957 97
98
Funded coup., 5b
1 flfin
80
83
Scioto Val. A N. E.— Ist, 4s .1990
75
7514
Income, 68.. ...
{977
Ogd. A Lake Ch.— 1 st con. 68. 1920
**• ^•-Mortg. 68;:::i908 *101
Ohio A Miss— 2d consol. 78
?r^.*
115
1911
Jefferson-lst,
gu. g. 58 .... 19091 102
104
Spriugfleld Div.-ist 7s
1905 114 119
Chicago * Erie, Ist, g.,4-53.1982!
84
87
General 5s
1932
116
Income, 58
1982
Ohio Elver ER.-l st.'sV. .'.'.'.'.'.1936
40
R'y-l8t;68.g.l983
General mort., gold, 5s
f^^^" ?',r'!V^''
1937
'^^ "
87
-• »*.«'n8.,68 1921 II7I2
Oregon A California— 1st, 58.1927
^\??^i7*
94 la 97
Mt. Vernon- Ist 68
1923
112
Oregon Imp't— Cons., g. 5s. ..1939
69
80
«''''"'~;^»'' eons.. 1926
105
Oreg. Ey ANav.-Col. tr. K..58.1919
PHn?^'
FUnt
P. Marq.— Mort., 6s. 1920
90
& 1;
118
^^V;^%;^^?'t^i'-is*.c.,78.i9oo
ist con. gold, 58
117
1939 101
104
^- * C.-lst, 78.. .1912
142
PortHuroii-lel,5e
^,5^''-.i'*1939 100 14
2d. 78
1912
Fla. Cen. &Pcn.-l8tg. 58.. ..1918
141
100
3d, 78
1912
Gal. Bar. A San Ant— Ist. 68 1910
97
Clev. A P.— Cons., e. fd.. 78.1900 12112 12213
Bailroad Bonds.— ^Conf.^
LU.
[Vol.
Pennsylvania
Bid.
ER.— CCwt.;
4th,sink.f und,
A
St. L. V.
T.
2d, 7s..
H.— 1st, 68.
,
Aak.
68.1892 IOII4
78 1897 111
.
1898
1898 109
2d, guar., 78
Peo.&E.-Iiid.B.AW.-l8t,pf.78.1900 'II418 115
Ohio Ind.&W.— I3tpref.5s..l938
Peoria A Pek. Union— 1st, 63 .1921 •noH
65
1921
2d mortg., 412S
30
Phila. A Read.— 3d pref. convert
PittB.C.CASt. L.— Con.g.4i4BA1940
A
106
A
A
115
95
Pitts. Cleve.
Tol.— 1st, 68.. .1922
1922
Pitts. Junction— Ist 6s
1932
Y.-lst 6s
Pitts. Mc. K.
F.— 1st, 5s. ..1916
Pitts. Painsv.
Pitts. Y.
Ash.— Consol. 5s.. 1927
Presc't
Ariz. Cent. 1st, 68,g. 1916
A
A
108
1
97"
1916
2d income, 6s
A Dan v.— Debenture 68. 1927 101 102
1909
8. f., g., 5s
911sAtl. A Char.— 1st, pref. 78 J 897 102 »e
1900
do.
Income, 68
Rio Gr. Junct. ,lBt,guar.,g. ,5s. 1938
91
Rich.
Equip. M.
.
,
Rome Wat. A Og.— IstlL.
.
102
7s. 1891
A Gr. Is.—2dffiS.';-...1925
A Omaha—Ist, 5s.. 1927
St. L. A. A T.H— 2d m.iuc78.1894
1894
Dividend bonds
Bellev. A 80. 111.— Ist, 8s... 1 896
1923
Bellev. A Car.— 1st, 6s
30
75
St. Jos.
Kan.
C.
105
54
111
60
Chi.St.L.APad.- I8t,gd.g.5sl917 101
80
St. Louis 80.— l8t, gd. g. 48.1931
2d Income ,53 .1931 40
do
41
80
Car. AShawt.— Istg.4s....l932
St. L. A I. M.— Ark. Br., 1st, 7s. 1895 10514 106
St. Lou. A S.Fran.— Equip., 7s,1895 100 Is
97 14 97i«1931
General 58
1987
1st, trust, gold, 5s
86
g...l916
6s,
83
Kan. City A S.— Ist,
Ft. 8. A V. B. Bg.— 1st, 6s ... 1910
98
105
St. Paul A Duluth— lst,5s....l93]
1917 103 105
2d mortgage 58
St. Paul Minn A M.— Ist, 7s.. 1909
114
19091
2d mort., 6s
118
Minneap. Union— Ist, 6s.... 1922
Mont. Ceu.— 1st, guar., 6s. .1937 112 1121a
East. Minn., Ist div. Ist 5s. 1908
San Fran. A N. P.— Ist, g., 5S.1919
Shenandoah Valley— Inc., 6s. 1923
Sodus Bay A So.— Ist, 5s, g...l924
1931
South Carolina -2d, Os
80. Pac. Coast— 1st, guar., 48. 1937
Texas Central— Ist, s. f., 78.. .1909
1911
Ist mortgage, 7s
Texas ANew Orleans— ]st,78. 1905
1912
Sabine Division, Ist, 68
Tex. A Pac, E. Div.— Ist, 68.1905
Third Avenue (N.Y).— 1st 5s, 1937
Tol. A. A. A Cad.— 6s
1917
1919
Tol. A. A. A Mt. PI.—6s
Union Pacitlo— 1st, 68
1896
1st, 6s
1897
1st, 6s
1898
Collateral Trust, 68
1908
Collateral Trust, 53
1907
C. Br. U. P.— F. c, 7a
1895
95'"
*
15
65
93
49
IO9I2
110
85
111
87
109 14
111
1121s
90
100
Atch. Col. A Pac— 1st, 6s.. .1905
Atch. J. Co. A W.—Ist, 6s... 1905
U.P. Lin. A Col.— l8t,g.,58.1918
Oreg.S.L.&U.N.,col.triM.,58.1919
Utah A North.— 1st, 78
1908
83
102
70
75
100
"si'-'
1926
Gold,5s
Utah Southern— Gen., 7s ..1909 102
Exten., 1st, 7s
1909
Valley E'y Co. of O.— Con. 6s. 1921 102
Wabash—Deb. M., 6eries"A".1939
No. Missouri— 1st, 78
1895 109
St.L.K.C.AN.— E.E.AEE.7S.1895 108
St.Charles Br'ge- l8t,6s. .1908 105
West. Va. C. A Pitts.— Ist, 6s. 1911
Wheel.ALE.— 1st. 5s, gold. ..1926 105
(W.D.)— l8.g.,58
1928
Ifllscellaneous Houdt).
Am. Water W Co.— Ist 6s.... 1907
1st con., goUl, 53
1907
Boston Un. Gas—Tr. cer. 58.. 1939
108
102
104%.
110%,
110
.
Cahaba Coal Min. — 1st g. 78. .1907
ChicJun.AS.Yds.— Col.t.g,5s,1915
'
90
A Hock. Coal A I.—6s, g.. 1917 98 100
Consol'n Coal— Convert. 6s... 1897 'IO2I2 104
Col.
Consumers Gaa
Co.,
Chicago
— Ist
1936
guar. 58
Co.— Ist, 58.1910
Equitable G. A F.— Ist 6s
1905
Edison Eleo.
111.
82
9912 100
88
93
G'nd Eiv. CI. ACoke.—lstg. 68.1919
Hackeusack Water- 1st, 58. .1926
Henderson Bridge— Ist g. 63.1931 ibsia 110
Iron Steamboat Co.—6s
1901
Met. Tel. ATel.— I8t,8.f.g.5s..l918
Nation'! Starch Mfg.— 1st, 68,1920
N. Y. A Perry C A I.— Ist, g. 6b,1920
101
85''8
Northwestern Telegraph— 7 o, 1904 IO312
People's Gas A Coke > Ist g.6s, 1904
Co., Chicago
95
J 2d g.6s,1904
Philadelphia Co.— 1st s. f. 6s. 1898
West. Union Tel.— 78... 1875-190C il3ia
Woodstock Iiou— 1st, g. 63. ..1910
ITnllBted Houds.
Ala. AVicks.-Cousol.5g.,l 921.AAO
90
2d M., income tiir94, 1921.. AAO
70
Vicks. A .Merid.,1 st 66, 1921. AAO
96
Atlanta A Charl.—lst 7s, 1907. JAJ 117
Comstock Tun.- Inc.48, 1919.MAN
30
Georgia Pac— 1 st 6s, 1922
J AJ 10938
Consol. 5g, 1923
AAO 72%
Hous. A Tex. Cent.— Ist g. 5s.l937 102i«
2d,g.6s
1912 104
Debenture Os. 1897
85
Gold, general 4s
68
Debenture 4s
69
Little E. A Mem.- lst5g,1937.MA8
69
Mem. ACharl. - Cons.? g.,1915.JAJ 110
8t.L.Ark.ATex.-lst48.\Vlienissu'd
70 14
2d 48, income
When issu'd 84
.
. . .
90
97
95
80
100
120
109%
73 1«103i»
106
88
69
70
70
115
70i»-
36
J
..
Febrcabt
7,
1
....
...
..
....
!
THi: (JUKOJ^ICJLE.
1891.
285
LaUsl Mamlngt Btporlea.
%nvizstmznt
RoASf.
i
nor. Cent. A P. 3d wk Jan.
W. A Rio Or. X>ocember
Ft.
The Investors' Sui'plement, a pamphlet of 150 pages
contains extended tables of the Funded Debt of States and
Cities and of the Stocks and Bonds of Railroads and other
Companies. It is published on the last Saturday of every
other month— viz., January. March, May, July, September
and yoivmber, and is furnished without extra charge to all
regular subscribers of the Chronicle. Extra copies are sold
to subucribers of the
Chronicle at
50 cents each,
and
to others
at $1 per copy.
General Quotations of Stocks and Bonds, occupying
fix pages of the Chronicle, are published on the third
Saturday of each month.
Tlie
all lines.
Roads.
Alabama Mldl'd November.!
LaUat
Date.
$
Oreat Nortli'u St. P. M. A M. January...
EaM.of Minn. January.
MoutanaCent. January.
.
.
Tot. flystem. January...
Quit
A Chicago December.
Housatoiilc
Noveriiher.
HumeHt'iiASheii Deceillber.
IU.Cen.(Ill.A8o.i
32,093
140.253
683,006
Atlanta
160..-)O3
M
.
. .
Ch&t. ()ct(iber
.
.
1!),439
200,314
.'>10.03S
32,710
.%42,7.^4
lot",
1
60
Atlanta.S: Flor'a December.
AtlantaiJt W.Pr Deceiulier.
23,218
200,497
469.691
24,439
494,130
103,584
23,824
127,408
621,538
153,182
12,865
48,697
2,592,101
1,501,166
80,975
1,582,140
295,003
79, 1 56
374,158
1,956,299
1,371,161
2,369,986
1,404,852
65,054
1,469,906
284,840
63,067
347,907
1,817,813
1,225,579
94,738
462,427
17,330,220
5,096,872
22,427,093
188,521
1,633,733
14,.'>03
136,770
o2,(>22
479,946
B.&0. East Llm?» December. 1,539,(;32 1,639,000 18,659,915
Western LluesiDecember. 482.39.> 491,993 5,668,744
Total
December. 2,022.0; 2,130,993 24,328,658
Bal.&O.Poutbw.Utbwk Jan
S8,9'20
62,935
180,706
Bait. iV Potom;*<''December.
138,376 133,480 1,708,360
Bathii nam'ilptioctober. ..
5,700
3,919
Beech Creek
.'^eptcmb'r.
8(i.2><0
70.759
743,029
582,112
Blr.Sh.&Tenn.R Novciiiber.
17,057
13,389
Bufl:Rocli..VFlli 4thwk Jau
70,264
37.990
188,310
117,766
Bur.C.Rap.&N d WK Jan.
59,239
50,217
108,931
101,102
Camden A Atl. Dei^eniber.
3S,S26
37.788
799,491
737,144
Canada Atlantic l>ecember.
39.700
39.351
Canadian I'aelltc Ithwk Jan 445.000 343.01)0 1,314,000 1,034,122
Op.F'r&Yad.Val :id wk Jan.
14,419
10,669
40,131
27,843
Oen.RR.A-BK.Co December. 873,907 878,492 8.708,176 8,058,742
Cent.N,Kug.AW November.
60.792
39,980
Centralof N. J.. December. 1,176,>*97 1.111,607 13,663,720 13,497,394
Central Pacllle.. November. 1,390,900 1,278,395 14,683,529
14,486,945
Central or H. C. October
10,938
11,294
95,499
84.228
Centr'l Verm'nt. Wk Jan.24
51,497
51,176
210,371
209,818
N.Londou Nor vVk Jan.24
10,206
11,942
38,817
40,941
.
.
OKd.ALakeCb Wk Jan.24
Wk
Tot. .«v8tera.
Jan.31
Char.Cin. AChie October. ..
CharlesfnASav November.
Cliar.8iim.ANo. October...
Ohat.R'nieACol. December.
Chatt'n'KaUnl'u December.
Cheraw. ADarl Det'ember.
Ches. A Ohio ..
4tb\vk Jau
Otiea.O. AS. W. I>ecembcr.
OBw. a Lenoir October.
Chic Burl. A Q. December.
Ohlc.A East. 111. 4tliwk Jan
Chic.Mll.ASt.F. 4th wk Jan
.
.
Chic. AN'tbw'u. December.
Chlc.Peo.ASt.L
Chlc.Rockl.AP.
Chlc.St.P.AK.U
Chlc.SI.P M.AO.
Chle. A W. .Mich
October.
January...
2<1 wk Jan.
Chippewa
December.
December.
4thwk Jan
3d wk Jan.
3d wk Jan.
3d wk Jan.
3d wk Jan.
3d wk Jan.
3d wk Jan
pin. Ga.
\'al
.
December
Lthwk Jan
..
A Ports.
Oln.JackA.Mac.
Oln.N. O. AT. P.
Ala.Gt. South.
N. Orl. A N. E.
Ala. A Vlck8b.
VickH. Sh. A P.
Erlans'er Sj'st.
Clun.Korthwu. Deceml>er.
Cln.Wab.A.Mich. Dceeml>er.
OleT.AkronACol 3d wk Jan.
Olev. ACautou.. December.
O.Cln.Ch.AKL :{d wk ...„
Jau.
Pec. A Ea»t'n.t3d wk Jan.
Ctev. A .Marietta 'December
Color. Midlaud..l3d wk Jan.
Col. H. V. A Tol. January.
Colusa A Lake..lDeceml)cr.
.
Covin.
A Miuou.
Doccmlier.
Cum berl'nd Val. November.
Day Ft.W.ACh..lDecemlier.
Denv. A Rio Or.;4thwk Jan
Dea Moln. A No. December.
I
Des -M. A N'west December.
DetBay C.AAlp 3d wk Jau.
DetLariR'tf ASo 3d wk Jau.
DuluthS.B.AAtl 4thwk Jau
E.Tenn.Va.AGa. November.
Knoxv. AOhio -November.
Total system. .3d wk Jan.
Elgin Jol. A East. November.
Kllz.I^.\.AB.B...i3dwk Dec.
Empire AD'blln'November.
Evaus.AInd'plls 4thwk Jan
BvanBT. A T. H.klhwk Jau
Tltcbburg
November.
Flint.
AP.Mara.lSdwk Jan.
12,155
12,169
46,971
50,245
77,498
78,688
373,657
379,692
17,672
12,573
106,902
57.501
57,468
614,962
549,083
12,231
3,410
58,421
21,943
33,000
30,292
365,432
282,314
9,216
8.186
115,166
107.112
111,645
8..506
109,965
87,122
231,911
212,780
646,016
61M,917
207,762 196,196 2,156,006 2,134,194
8,608
7,039
63.586
(iO.273
2,815,732 3,199.778 35,130.586 34,067,618
75,585
69,354
296,227
227.286
611,924
561,073 1,916,195 1,791,111
2,183,176 2,182.965 28,038. 20K 26,185,281
47,190
41,543
346,675
311,328
1,097,487 1,156,476 1,097,487 1,156,476
119,4^"
62,700
73,489
151,746
579,984 583,539 6,854,520 6,122,644
3ti,484
32,699
101,406
93,534
4,02
5,233
146,395
137.388
5,156
5,000
67,025
65.680
32,163
14,062
55,767
42.999
76,943
75,019
212,826
225,131
37.655
36,993
95,059
110,285
22,180
20,876
63,74il
61.542
12,048
13,292
35,726
42,020
11,764
12,812
33,069
39,093
160,590 158.992
440,429
481,071
1,9.54
1,508
20,437
19.103
49,27o
41,171
584.030
531,098
15,785
1 3,209
47.219
41,017
53.000
41,933
580.000
4iw,612
239.716
30,69
29,375
36,731
205,044
2,034
18,100
84.438
44,341
220,690
29,825
20,965
30,158
161,047
1,932
213,000
16,277
75.643
40,746
192,800
10,394
6,17rt
18,244'
10,594'
18.629;
43, 45 si
593,689'
64,381
147.09N
49,012
45,528
3.162
7,760
28,596
596.515
58,556
20,306
9,614
16,045
44.929
571,026
53.163
142,419]
27.588'
43,5691
1,333
8,686i
28.493'
611,208
49,498
Di'ci'iiilier.
CedarF.AMiii Drcciiihcr.
688.184
84.326
330.071
109,610
205.044
23,428
151,500
662, «70
«3,225
263,(i50
8s,655
164.017
26,165
116,607
502,215
499.014
645..5(H>
59ri.3iK)
117,2«0
(12,461
216,989'
189,211
29,562'
24,282
53,129
47,875
124,106'
120,268
6,157,456 5.244.450
642,212
429,462,
541,806
siiVo'i
25,665
86,6S8
5,072,056
165,494
531.083
437,236
254,687
12,289
20,119
74.861
5,565.889
145,039
•
31.180
26.320
9,»S1
188,fl.^6
78,674
37,f»ea
7,303
3,297
48,561
350,002
74,056
19.648
654,837
40.642
98,140
793.639
4.886
125,578
17,000
1,476,088
8,258
Dub.ASio'xc
II.'.
,11, her.
lowalincH
1).-.
illlhiT.
197.612
205,870
all .... Deccillher.
1,681.9.58
48,033
Iowa Central
32,256
Jiick'v.Soiith't'ii D(;ce!nber.
77,999
71,889
6.483
J'k'uv.T.AK.Wi; December.
KanawhaAMich 3d wk Jan.
Kan.C. CI.ASp. 3d wk Jau.
AMem. 3d wk .Ian.
K.C.Meni.ABir. 3d wk Jan.
Kentnckv Cent 3 wks Dec.
Keokuk A West. 3d wk Jan.
Klngsl'n A Pem 2d wk Dec.
Knox.C.U. A L.. 2d wk Oct.
L. Erie All. A 80 December.
K.C.F.S.
$
48.393
Alab'inaMiiier'l November.
Allei^benr Val.. L)e(5eml)er.
Atcb. T. AS. Fe.. .fil wk Jan.
Balf owued ...
wk Jau.
Total f*vst4*m. '.ii\ wk Jau.
Bt L. * San F. 3il wk Jau.
Halfowuert. 3(1 wk Jan.
Tot.S.L.&S.F. 3(1 wk Jan.
App. total
3il wk Jan.
Si
to
BVet or jrO|'90 or '91. '89 or '90. 1890 or "91 1889 or '90
I
3d wk Jau.
Ind.Dec.AWeat Decelliber.
Interoc'nlc (Mi) Decemlx'r.
Itliwk Jan
Iron Railway
Decemb(*r.
RAILROAD EARNINGS.
Jatu 1
No. October,..
Grand Trunk. .. WkJau.31
Ohio AGr.Tr. Wk jHn.24
Dct.Gr.H.AM. Wk JaD.24
Total
Late$t Earning* Reported.
A
UeornaRR,.... December
0«o. So. AFla.. Deoembor,
er. Rap, AInd.. 3d wk Jan.
ClD,R,A Ft. W. 3d wk Jan.
Other linen. .. 3d wk Jan.
Total
A West.. 4th wk Jan
A Hud.. January.
L. Rock A Mem 3d wk Jan.
L.
Erie
Lehigh
.
Long Island... January...
Louis.&Mo.Kiv December,
Loui.i.Ev.ASt.L lthwk Jan
Louisv.ANashv 4tliwk Jan
Louis.N.AACh. 4 th wk .Tan
Louis.N.AACor. December,
Loulsv.N.O.&T, lthwk Jan
Lou.St.L.ATex 4tliwk Jan
Lynch ii.&Dur'ra Deceiulier.
Memphis A Cbas 3d wk J.in.
tMexicauCent... lthwk Jau
(Mex. National 3d wk Jan.
Mexican U'way WkDec.27
.
I
.Mil.L.8b.AWesl
Milwaukee A No
MineralKauge..
Miuneap. ASt.L.
M.St.F. AS.8.M.
Mo. Kan. A Tex.
Kan. C. A Pac.
lthwk
.fan
4th wk Jau
December.
December.
December.
January...
January.
Mol)ile ABlrin.. 3d wk Jan.
Mobile A Ohio.. January.
.
.
MontereyAM.O November.
Nash.Ch.A8t.lv.
N.Jersey A N.Y.
New Orl. A Gull
N. y. C. A H. R.
December.
December.
December.
N. Y.AN.Eng..
N. Y. ANorth'u.
N. Y.Ont. A W.o
N.Y. eusq.A W..
NortolkAWest 6
November.
December.
4thwk Jau
December.
January...
N. Y. L. £. A W. Deceml)er.
N. Y. Pa. A Ohio November.
4thwk Jan
N'thea.st'u(8. C.I ()ctober.
.
North'n Central. December.
Northern PaclUc 4th wk Jan
Ohio A Miss
4thwk Jau
Ohio ANorthw.. December.
A
3,241
6.1,55
77,135
2 3,.525
66.188
7.273
2,349
3,762
6,088
87,406
30,620
16,967
236,978
30,258
35,711
535,275
63,966
28,607
7,4SH
4.548
158,080
46,507
36,881
6,600
8,289
45,169
341,186
66,646
16,627
"5,675
82,167
23,244
15,027
203,595
39,451
26,358
536.542
57,534
282
121,636
12,866
14,000
42,277
189,855
74,447
98,689
70,444
44,720
11,046
141,720
144.053
649,714
23,158
106.164
9,791
3.250
43,499
206,768
71,984
69,365
68,306
38,510
9,377
126.330
174,554
629,613
19,858
5,072
291,637
5,891
321,691
43,051
347,202 309,265
21,345
19,502
22,029
20,817
3,007,852 2,923,406
2,377,635 2,187,861
592,409 609,990
506,7 15 491,348
36,707
42,800
71.576
45,907
130,048 124,237
152,134 148,629
51,304
65,598
483.460 500,226
533,403 400,714
77,972
78,842
20,788
19,338
665
94,190
104,422
62,973
1,847,682
730,263
102,196
19,707
9.706
131,608
1,664,022
288,930
77,618
836
67,954
251,04'
30,620
49,695
236,978
415,214
111,891
,.583,365
190,903
14,023
372,789
32,438
116,115
120,039
571,056
224,298
.
.
.
Fran. AN. Pac. 3(1 wk Jan.
Sav. Am. A Mou. DeceinlKir.
8.
.
9,«.'>3
7,461
21,696
SoiotoVai.AN.E
50,000
71,228
6.370
8.
|Octol)er.
..
AE 3d wk Jan.
•
86.859
78,«10'
26.M1'
1,644,70«
386,8ir
08,870
10,67»
8,71»
127,360
1,647,767
286.426-
71,05»
5,103'
63,14»
243,001
23,244
45,080
203,595
463,028
75,523
l,.571,327
165,359
11,814
361,297
28.75JC
130,357
,069,477
S33,640»
218, 10«.104.582
207,318
128,601
123,085
220.902
102,911
109,775
,518,290
,995.837
,447,93*
,651,412
649,714
23,158
19,174
321,691
430.454
629,61»
,784,634
,565,72s
19,858.
16,483r
291,637
268,006
159,199
244,52ft-
,007,852
,201,700
,608,731
,546,346
,923,40&
,512,023
511,199
217,828
,590,310
661,645
580,029
,608,797
,740.600
324,984
226,619
9.363
38.984
51,820
21,732
608,888
762,651
12,171
12,661
Ohio Southern.. January.
44,968
51,820
Ohio Val. of Ky. 4thwk Jan
7,604
5,439
Omaha ASt.L.. December.
59,323
50,585
Oregon Imp. Co. October... 414,646 390,362
Pennsylvania .. December. 5,305,319 5,495,264
,202,260
Peoria Dec. AEv. 4thwk Jan
29,215
25,546
73,8921
Petersburg
38,431
530,616;
December.
42,157,
Erie...
366,820
,113,788
Phlla. A
6,
December. 358,006
Phila. A Read's December. 1,686,111 1,654,942 20,,965.656'
CoalAIrouCo. Decomlicr. 1,606,377; 1.374,597|
Total both Cos. December. 3,292,488 3,029,539'
2,'225'
37,033,
Pitts. Mar. A Ch. December.
3,3001
127,362' 115,874 1,,357,693
Pittsb. A West'u November.
37,226
450.408
PltU.Clev.AT. November.
45,680,
269,184'
20,897
Pitts. Paiu.AF. November.
27,512
153.'231|
Total .system 4thwk Jan
54,088
58,907!
371,375
94,819
Pitt.Young.AA. December.
82,111
302,369
32,963
Ft, Royal A Aug. November.
28,214'
41,780
369,424
Pt.Roy.AW.(Jai. November.
39,525
134,594
Pres.AAriz.Cen December.
11,400
11,088
254,628
25,120;
(JuincyO.AK.C. December.
24,078
520,350
Rlch.ADauvllle, January...
520,350; 526.300
175,-300:
Vir. Midland.. January...
175,300 160.800!
89,800'
85,060'
Char.Col.AAu. January...
89,800
88.950'
Col. A Greeuv. January...
88,868|
88,950
83,350'
78,644
West. No. Car. January.
83,350,
182,250
Georgia Pac
January...
182,250, 194,875
9,600
Wash.O.A W.. January...
8.748;
9,600
A«bv. A Spart. January...
10,732
11,700
11.700!
,161.3001
Total Sys'iu. lthwk Jan
290.350; 320,950
Rich. A Petersb. December.
25,178
332,798
25,308
111,875
Rio Gr. West.. 3(1 wk Jau.
39,275!
20,675
,937,512.
301,011
W.
A
Ogd.
December.
Borne
296,7871
104,925
Bag.Tu.scolaAII. December
6,634
7,487
77,120
23,497
StL.A.AT.II.B's 3d wk Jan.
28,610
346,302
8t.L.Ark.Arex. 4thwk Jau 132,0,S4 132,888
,493,376
December
8t.PanlADurth
90,905
114,581
,564,681
170,220 175,663
B.Ant.AAr.Pa-ss. November.
SeattleL.
Dat4,
509,283
654,857
&09,28ar
41,658
40,642
41,66S
74,422
98,140
74,422
625,362
793,639
626,8«3.
5,056
44.770
44.43T
107,663 1,434.104 1,163,069
17,936
168,798
J58,367
1,365,440 14,661,943 14,199,041
7,068
98.310
94,870
188,979 2,077,370 1,820,926.
196,047 2,175,680 1,915,298'
1,561,487 16.837,626 16,114,33941,180
458,571
406,761
1 ,560,000
1,037,387
30,240
12,5,211
121,768'
3,008
37,027
40,73»
62,125
77,680
567.635
547,6354,502
15,800
14,19»
4.587
17,583
14,568
84,408
215,025
252,61T
27,397
67,107
76,954
60,210 1,073,956 1,036,0537,183
20,859
21,65<^
2,872
159,589
172,40T
495
Maysv. December.
Ohio River
3d wk Jan.
Col.
1 to I,€Ue»t
Week or ITo >90 or >e 1. '89 or '90, 1890 or '911 1880 or '99
AND
Qa. Car'la
Jan.
182,140
,062,272-
,177,23*
581.786135,851
,402,466.
632,692^
494.068.069,957
,177,400-
319,767
219,614
11,02«
36,514
44,968
16,436
524,8901
,571,176
,514,44557.949-
467,565
,689.137
,273,042.
21,92»
1,286.18»
452,79»
263,603
162.263
1,144,97»
288,913
325,267
128,508
250,400
526,300
100,800
85,060
88,86S
78.644
194,875
8,748
10,732
1,164,02'?
295.291
62,22»
3,686,16a
106.990
67,300
304,713
1,301.988
1,266,600
24,667
29,836;
166,90»
403,434
699,196
16.644
20,620
. . ... .. .
..
.
THE CHRONICLE.
236
Latest Earnings Reported,
"jROADP.
l
Jan. 1
to Latest
Hate
Weekor Mo.'tiO or'ai.\'S9 or'90. 1890or'91 188»or'90
S
1,319,075
283,677
1,552,203
103,505
Bnenandoali Val December.
Slonx City & No November.
Boatb Caroima December.
Spar. tin. & Col October,
.
I
.
.
.
Co.—
So. Pacilic
Gal.Har.&S.A. December.
Louis'a West. December.
.
Mortian'sL&T. December.
H. Y. T. AMex.iDecember.
Tex. & N. Orl. December.
Atlantic sys'm December.
Pacific system November.
I
Total of
November.
all..
BoPac. RR.—
No. Div. (Cal.) November.
80. Div. (Cal.) November.
Arizona Div.. November.
New Mex. Div.
I. Rap. T.
StonyCl.&CMt..
Bnmmit Branch.
November.
December
Btaten
November.
Deceiuber
Lykens Valley December.
Tal.<& CoosaVal. December
Tean. Midland.. December.
Texas & Pacitlo. 4thwk Jan
Tol. A A.4fe N. M. l.st wh Jan
Xol. Col. <fe Gin.. 4th wk Jan
T0I.& Ohio Cent. 4th\vk Jan
Toi.AO.Cen.Ex. December.
Tol. P. A West.. 3d wk Jan
Tol. St. L. & K.C. 4thwk Jan
Tol.&So.Haveu. December
NovemOer.
iTlster & Del
Volon Pacific—
Or. e. L. & U. N. November.
Or.Ry.&N.Oo. November
968,720
],3'54,223
96,147
334,922 331,061 4,285,678 3,937,291
87,537 107,977 1,160,331 1,101,569
753,170 654,447 5,800,832 5,435,352
192,708
225,630
22,333
22,729
136.121 180,829 1,871,818 1 ,747.805
1,334,478 1,296,647 13,644,285 12,414,723
3,003.466 2,840,257 32,181,494 31.522.249
4,367,270 4,126,053 41,191,300 42,640,325
175,130
537,5S0
176.810
90,936
58,435
1,662
110,171
75.354
6,247
25,787
211,061
18.895
8,703
29,900
10,621
17,598
36,796
1.765
26,749
176,308
491,724
177,286
82,483
53,439
1,745
91,333
83,849
5,854
24,726
225,989
21,415
7,381
36,482
8,397
18.785
36,089
2,139.668
5,950,568
1,850,209
957,589
1,005,213
51.869
1,123,754
2,00,^.394
955,566
78,363
219,551
589,883
18,895
23,421
103,036
109.312
50,983
120,531
26,135
346,247
921,183
66.010
195,838
659,922
21,415
21,069
95,800
95.905
50,803
118,842
24.175
309.661
1,938
31,237
5,611,392
1,706,435
865,523
929,928
49.080
wk
Jan.
671.698
558,551
15,084
502,774
586,525
45.5,520
.
and Maryland &
Mexican currenov.
6 Includes in both years Scioto Valley Division,
Washineton Division (Shenandoah Valley.)
g Main Line.
I
—
Latest Gross Earningrs by Weeks. The
earnings in the foregoing table are separately
[Vol. LH.
For the month of January 74 roads have reported, and the
following is the aggregate:
Month of Januari/.
1891.
1890.
Iner'os:
P.O.
Gross earnings (74 roads) $25,952,516 5124,108,369 $1,844,177
—
Net Earnings Monthly to Latest Dates. The table
lowing shows the net earnings reported this week. A
latest
weekly
summed up
as
7-65
fol-
full
detailed statement, including all roads from which monthly
returns can be obtained, is given once a month in these
columns, and the latest statement of this kind will be found
in the Chronicle of January 24.
The next will appear in
the issue of February 21.
,.
Oross Earnings.
Ye* Eamings.'
1890.
1889.
1890.
1889.
Eoails.
S
$
$
$
555,508
Chesapeake & Ohio. Dec.
639,627
170,656
125,534
Jan. 1 to Dec. 31... 7,719,564 6,149,998 1,841,312 1,.503,950
July 1 to Dec. 31... 4,111,617 3,554,002 1,226,470 1,091,981
Chle. Burl. &Quincy. Dec. 2,815.732 3,199,778 1,077,230 1,194,222
Jan. 1 to Dec. 31... 35,130,586 34,067,618 12,478,069 12,592,949
Chicago <t Northw Dec 2, 1 90,175 2, 1 82,964
818,039
908.140
Jau. 1 to Dec. 31. ..28,170,026 26,185,281 9,699.823 9,877,371
368,688
Clev.Cln.Ch.& St L.Deo. 1,200,139 1,126,803
400,601
Jan. 1 to Deo. 31.. .13,243,04612,681,549 4,524,797 4,287,516
July 1 to Dec. 31.. 6,912,320 6,688,093 2,294,106 2,390,580
411,524
459,360
124,844
161.381
Kan. C. Ft. S. & Mem Deo
Jau. 1 to Dec. 31... 4,822,428 4,819,219 1,375,286 1,587,136
July 1 to Dec. 31... 2,471.640 2,586,643
724,056
899,555
626,009
650,605
Louisv.& Nasbville.Dec. 1,651,839 1,654,053
Jan. 1 to Dec. 31. ..19,161,221 18,011,298 7,166.393 7.113,521
31...
10,034.375
9,719,157
3,793,769
Dec.
4,054,388
July 1 to
206,435
161,469
42,363
21.585
N.Y.Ont. <kWest'n..Dec.
526,134
339,573
Jan. 1 to Dec. 31... 2,349,787 1,974,459
1,426,765
1,16.5,709
215,328
369,038
July 1 to Dec. 31...
696,018
655,502
209,996
215,075
Norfolk & Western. "Deo.
Jan. 1 to Dec. 31... 7,561,916 6,475,858 2,723,306 2,231,844
Deo 2 2B1 279 1,601,375 1.065,796
687,519
Northern Paciflc
Jan. 1 to Dec. 31. ..24',402',751 21,741.891 10,165,269 9,361,750
July 1 to Dec. 31. ..14,447,615 12,655,366 6,518,752 5,s74,850
120,976
430,007
355,389
148,947
Wisconsin Central. Deo.
Jan. 1 to Dec. 31... 5.268,452 4,267,907 1,941.979 1,568,303
July 1 to Dec. 31... 2,919,065 2,485,442 1,115,830 1,028,821
808,495
Total both Co.'s.Dec. 2,711.286 1,956,764 1.214,743
July 1 to Dec. 31 .17,366,679 15,140,807 7,634.583 6,903,671
102,792
330,525
357,385
56,146
Ohio & Mississippi.. Dec.
Jan. 1 to Dec. 31... 4,139,958 4,080,989 1,135,184 1,218,885
801,021
2,179,498 2,254,287
633.929
July 1 to Dec. 31.
366,820
98,906
358,006
102,568
Philadelphia & Erie. Dec.
Jan. 1 to Dec. 31... 5,113,788 4,689,137 1,723,86/ 1,760,393
117,953
30,078
241,779
117,036
West'n..Deo.
RioGrande
549,812
690,153
Jan. 1 to Dec. 31... 1.986,099 1,491,633
337,274
Dec.
31...
1,199,653
830,789
510,710
July 1 to
269,069
226,091
179,934
116,387
Un. Stk.Yds. & T. Co Dec
Jan. 1 to Dec. 31... 2,853,476 2,451,038 1,904,388 1,499,329
278,065
273,777
67,889
90,977
West. N. Y. 4 Penn. Deo.
717,619
Jan. 1 to Dec. 31... 3,588,799 3,443,411 1,166,901
449,255
617,692
July 1 to Dec. 31... 1,886,956 1,939,211
The following roads, ia
Interest Charges and Surplus.
addition to their gross and net earnings given above, also
report charges for interest, &c., with the surplus or deficit
,
. .
1,190,9.54
6,881,911 5,958.939
4,469,217 4.218 458
31,791
47,804
91,382
420,093 5,278,206 4,163 506
Un.Pac.D.&G.'November.
All oth. lines.. November. 2,187,121 2,130,900 22.032,847 20,617,4.14
Tot.U.P.Sys. November. 3,993,124 3,722.510 39,852.908 36.096.791
90.752
61,522
918,893
753.196
CeBt.Br.&L.L. November.
Tot. cont'led November. 4,054.646 3,813,263 40,771,800 36,819,987
89.934
73,6?6
876,773
697,796
Montana Un November.
2.481
2,553
28.869
27,102
Leav.Top. & 8. November
2,800
35,277
3,538
30,847
Mas.Al.&Bur. November
48,006
39,519,
470,459
377,872
Joint.own'd.is November.
Grand total. November. 4,102,6.'>3 3,852,78-' 11,242.260 37,227,859
r.S'kYds.&T.Co December. 269,069 226.0911 2,853,476 2,451,038
14.074
192,628
189,751
13,900
Vermont Valle.r December.
4thwk Jan 316.438 382,422
994,852 1,121,910
Wabash
6.043
7,475
•Wab. Chest.&W. Octolier. ..
62.076
62.864
562,464
559,697
Western of Ala. December.
December. 108.334 102,999 1,633,746 1,52«,171
West Jersey
85,502
68,059
981.196
759,127
W.V.Cen.&Pitts. December.
8,929
8,310
West V.& Pitts. November.
89,500
307,800
256,272
We8t.N.Y. & Pa. 4tUwk Jan 104.600
28,284
30,372
90,530
82,734
Wheel ms:&l..E. 4thwk Jan
101,371
96,010
803.937
713.793
Wil. Col. & Aug. October.
347,529
Wisconsin Cent. 4thwk Jan 115,229 112,976
325,579
8,529
7,385
91,069
Wri«htsv.&Ten December
80,902
'
8t.Jo.&G'dIsl. 3d
.
.
.
.
.
.
—
above or below those charges.
_^__^^^
of Net. Earns.—
1890.
1889.
.—Inter't, rentals, itc.~. -—Bal.
follows:
For the 4th week of January 53 roads have thus far
and these show a gain
ported,
1890.
re-
in the aggregate of 7-44 per
cent.
«
Soads.
1889.
S
$
B
744,385
315,341
449,337
8,932,627 3,335,398 3,660,322
260,688
265,841
108,000
134,760
CleT.Cin.Ch.&St.L.Deo.
805.721
881,356
July 1 to Deo. 31... 1,488,385 1,509,224
88,240
85,031
36,604
76,350
Kan.C. Ft.S. AMem.Dec.
537,027
516,470
187,029
383.084
July 1 to Dec. 31...
Chic.Burl.4Qaincy.Dec.
761.889
Jan. 1 to Deo. 31... 9,142,672
4/A meek of January.
Bait.
^
:
1891.
& Ohio Southw
& Pitts...
Buffalo Rocli.
fanadian Pacific
Vermont
•Central
•New London North*n
•Ogdensb.&L.Champl'n
rtesapcake & Ohio
& East. Illinois.
Mil. & 8t. Paul..
Ohlcafiro
Chicaao
& West Mich
Chlcatto
Cincinnati Jack. A Mack.
Denver & Rio Grande
. .
Dulnth H.S.* Atlantic...
BvansviUe & ludianap...
Bvaus. & Torre Haute...
'Grand Truuk of Cana<Ia
'ChicaKO & Gr. Trunk.
-Det. Gd. Hav. &Mil.
Iowa Central
Ijake Erie A Western.
.
EvaLsv. & St. L.
Louisville & Nashville...
Louis. N. Alb. & Chic.
Louisville N. O. & Texas.
Louisville St. L. <& Texas.
Mexican Central
Milwaukee L. Bh. &, V, est.
Loulrtv.
Milwaukee & Norlhern..
New York Out. & West.
Norfolk & Western
Northern Paciflc
Ohio &. Mississippi
Ohio Val. of Kentucky.
Peoria Dccatnr&Ev,an8v.
Plttsburi; & Western.
Rich. & Danv. (8 roads).
Bt. Louis Ark. & Texas...
.
.
Texas
&
Pacilic
Col.
CiDctunatt.
58.920
70,204
445,000
51,497
10,206
12,155
231,911
75,585
611,924
36,484
22.163
213,000
43.458
7,760
28.596
336,861
74,056
19.548
32,256
87,406
35,711
535.275
63,966
121,636
12,866
189,859
70,444
44,720
71.576
152,134
533,403
78,842
7,604
29,215
68,907
290,350
132,081'
Wisconsin Central
211,061
8,703
29,900
36,796
346,438
104,600
30,372
115,229
Total (52 roads)
5,780,737
Toledo
Toledo
Toledo
<fe
&
Ohio Central
St. L. &.
1890.
Inerease.
Decrease.
$
. .
Kan.City.
Wabash
Western N. Y. & Penn...
Wheeling* Lake Erie...
Netlncreaso (7 41p. c.)
»—
-*-jP«r ««^ aadioc Jumair 24.
62,935
37,990
343,000
51,176
11,942
12,169
212,780
69,354
561,073
32.699
14,062
192,800
44,929
8,686
28,493
319,599
68,546
16,627
30,240
82,167
26.358
536,542
57,534
106,161
9,791
206,768
68,306
38,510
45,907
148.629
400,714
77,972
5,439
25,546
54,088
320,950
132,888
225,989
7,381
36,482
36,089
383.422
89,500i
28,284
112.076
9,380,496
4,015
32.274
102,000
321
•Includes in both years Scioto Valley Division from Feb. l.and
Shenandoah Valley from Oct.
1.
1,736
ANNUAL REPORTS.
14
19,131
6,231
50,851
3,785
8,101
20,200
103
17,262
7,510
2,921
2,016
5,239
9,353
8.432
15,472
3,075
2,138
6.210
29,669
3,505
132,689
Chronicle as follows
870
ROAD AND EQniPHBNT.
2,165
3,669
4,819
Miles operated
30,600
804
14,928
1,322
""'707
6,582
'35',984
19.100
2.088
2,253
515,481
400,241
.^
Central Railroad of New Jersey.
CFor the year ending December 31, 1890.^
The report of this company for 1890 is a document of much
1,471
926 interest. The road continues to progress in its passenger
traffic and its merchandise business, being the less dependent
upon coal as a principal source of revenue. Contrary to the
usual course of affairs with the enterprising corporations, the
interest charge for 1890 is less than that for 1889, owing
mainly to the paying off of the $.5,000,000 first mortgage bonds
The general mortgage is now subject to
1.267 in February, 1890.
only $8,786,000 of prior liens standing ahead of it, and nearly
all of these mature before 1900, and will be paid off with genMany other
16,913 eral mortgage bonds reserved for the purpose.
points of interest will be found in the report given at length
on a subsequent page.
The comparative figures have been compiled for the
115,240
Locomotives
Passenger, mail and express oars..
Fi eight, coal and all other oars*...
1889.
627
364
852
391
3.57
425
403
453
33,137
33,465
34,199
Also owns 4 steamboats, 5 ferryboats, 5 tugs, 16 oar
collier and 1 snow plow.
*
1800
1888.
(S60
floats, 1
steam
0PEBATI02CS AUD FI8CAI, HS9ULTS.
Operations1888.
1889.
1890.
Passengers carried
11,461,569 12.645.149 13,716,832
Passengers carried one mile.. ,..133,.57<),635 150,542,438 180,2-'S.5S5
freight & hit's coal (tons) moved. 4.241.130
6.401.801
5,061.727
Freight* bit's coal (tons) onemll6.259.932,8.^5 '277,294. •i01|342,040,924
Anthracite coal (tons) moved
6.474,719
6.620,365
7,463,529
Anthracite coal (tons) one mile. ..678,174,762 698,431,528 654,865,379
Fkbhoakt
THE CHRONICLE.
7, 1881.J
!»»<
J?,irnin«THiiMDKrr
Meroh
$».S«a.H16
3,188.674
frt-lght
>iiill«.'>
7,80O.fl53
16S,1:j»
AntlirHOIUiiottl
Expreim
ItnlliHl
18=!l.
21,499
BtstM mall
MlaeHUneiitiH
Pru.of local oarn8.N.Y.&L.B.RB
3.3e8.n4«
7,344,539
187.641
25.270
40,820
1800.
«>3,0es,8U
CUV-S.-IO
e,72:>.r.'.>e
10-2.3J4
27,H4tl
4S,17:.
80.1)98
f 13,177,473 $13,497,3(»1 $14,120,563
Total groiw e»rnln(f8
Operaling rip'.mu—
92,483.022
2,114.183
H78,84^
1.387.212
1,12»,'-0C
201.403
890,402
820,250
374,072
CoiulaetliiK trunai>ortatlon
Motive power
Malntenatire uf oara
Maintenance of way
Taxm
aenp»l expense*
N. Y. * Look Broaoh
88,';»i
$U,&3U.17:i
$2.426.57;t
$2.6.'S8,203
2,118,087
810,050
2,253.217
l)H7,B79
1,155 !H8
.tOa.SOS
420.224
Division
40l,.'i76
$7,204,068
§5.973,405
Net earning*
54'Oa
Per cent ot op. exp. toearmnga..
Total
„
$7,531,737 $8,161,278
$5,965,657 $5 065.287
55-80
57'77
IKCOMI ACOOnKT.
tteceipU—
Netearnlntf*
Income from Inveatmema
...
1888.
18fi9.
$5,973,405
$5,965,658
799,238
l,507,li.9
1890.
$5,965 288
837,203
322,753
I'remluiu on bonds sold
Total Income
I>isbur»etnent»—
$7,480,564
$6,764,896
$7,125,334
$1,862,127
2,860,314
$1,810,381
2,828.632
835,719
4»ap.c.
$1,819,815
2,798.148
1,117,092
6 p. e.
$4,722,441
'$2,758,123
$5,554,732
$1,210,164
$5,735,055
$1,300,270
287
National Load Traxt.
ending Jan. 81, 1891.;
The annual meeting was held in Now York on Wedneadajr,
February 4. A <|iiartorly dividend was de<-lar()d of OO cent*
per share payable April 15; books close March 14 and re-op«n
fFor
April
the year
18.
trustees elected were W. H. Rockwell, W. H. Thonipoon,
R. R. Colgate and L. S. Cole. The lead Trust fiscal year <•
ordered changed from Jan. 81 to Dec. 31.
" Thk
President Thompson said in reH|)onse to inquiries
is not a white-lead Trust.
It is a lead Trust.
have mo
monopoly in the lead uipe business of the United .States.
have no control of the shot business, or cartridges, or anything of that kind.
are large operators in sheet lead, but
there are other competitors in that line and strong ones.
chance to have a large share of the white-lead business.
have not sought to keep up a monopoly in any direction.
The
:
We
We
We
We
We
Then again we are doing to-day quite one-eighth of all the
linseed oil business and one-eighth of all the smelting and
refining business of the United States, in which direction there
is
great competition.
our own,
I
In both cases, however,
say."
we
are holding
am happy to
From the report submitted by Mr. Thompson, the President,
the following is condenped
Total value realized from sales from the smelting and
refining department, of lead, silver and gold, amounted
to
$8,391,eo»
The total value of the sales realized from the corroding
works and linseed oil mills was
11,507,235
:
Rentslapald
Interest on debt
Dlvld-ndK
RUe of dividend
Total dUbursenionts
Balance, surplus
Or a
total value of all sales of.
$19,898,885
attention of the shareholders is called to the fact of
tire large amount of capital necessary for the conduct of the
smelting and refining business alone. In the corroding business it is necessary to carry from four to five months of supply continuously, and in the purchase of flaxseed and linseed,
both from foreign points and the domestic markets, large sums
of money are necessary for the purchase and carrying of our
raw materials. It will be seen that the entire capital that has
been accumulated is employed directly in the conduct of the
business. The business of the various companies showed a
very satisfactory condition and fair increase for the first nine
months of the year." » * *
"The grave financial crisis,added tothe justexpec'ation of the
trade that, by reason of the rapidly declining values of pig lead
and linseed oil, lower prices for the early periods of theseasoQ
of 1891 for the manufactured article would prevail, caused a
serious diminution in the out-put of substantially all of our
products. The large trade now being done seems to wai rant the
hope that this business was simply postponed and not lost."
The plan for scaling the capital down two-thirds, to about
$30,000,000, was not favored by shareholders, and was
abandoned. The President remarks "The actual capital required to carry on the very large business acquired by the
Trust was inadequate. Rather than resort to the hazardous
expedient of raising money by placing bonds upon the property, it was thought wiser to go forward disciplining the business, and acquire a sufficient capital by earnings to carry it on
in an orderly manner without the necessity for large loans and
the consequent payment of interest. In the opinion of the
trustees at this time, this has been fairly accomplished, and
the properties of the Trust placed beyond a resonable probability of jeopardy, and that, too, without placing upon the
property a single dollar of outside obligation.
" It is the judgment of the trustees, as expressed by a resolution, after careful consideration of the entire situation, that
out of the profits to be made by the Trust hereafter quarterly
dividends shall be paid. And, in order to commence a return
to our shareholders, who have waited with patience for these
accumulations, they have declared a dividend of -50 cents per
share to the shareholders, payable on the 15th day of April,
1891.
It is the purpose of the trustees to continue the payment
of dividends from the earnings from this time forward. The
Trust is without a dollar of indebtedness in any direction, and
the'amount borrowed by the companies is comparatively small;
and such loans as they have are temporary, and occasioned by
the necessary laying in of adequate stocks."
The capitalization on Jan. 1, 1890, was $89,447,600, for
which certificates were outstanding, and there has been no
change in the capitalization since that time. The valuation
of the properties then was $22,361,900. The balance sheet
of the Trust at the close of the fi.scal year (Jan. 31, 1891)
shows investments of a value of $34,217,638 in the stocks of
corporations, our proportion of the assets of the various corporations being represented as follows :
$17,992,980
Plant investment
4o9,334
Other iuvestuients
$6,1.'56.778
Working capital
„..,.
5, 765,414
391.364
Less mortgages
"The
' There was expended during the year 1898 for Improvements and
extensions, $1,050,258: for real estate. $177,952; and tar equipment,
$1,063,103, leduclng this aurplus to $166,303.
OENERAL BALANCB AT CLOSE OF EACH FISCAL YBAB.
Ai^ttt
Railroa'l, buildings,
18R9.
1838
18Q0
$31,52»'.670 $32.431,V33 $32,760,862
10,909,768 12.169,275 12,SH.'>.65t
2,324,070
2,350,079
2.961,692
6,117,783
5 4>0,899
6,185,726
14,012.038 13.61'/,760 13,638,."156
2,983 111
2,751.192
3,920,004
Ac
Equipment
Real estate, &o
Htooks owned, tost
Bonds owncil. cost
Kills and accounis receivBMe
-.
MaterialK,
f U( 1.
Cashonband
Ac
560,884
232,624
793,447
1,091,641
550.534
714,418
Total assets
$68,852,726 $70,467,249 ^73,618,145
lAabililiet—
etock. common
$18,563,200 $18,588,200 .$18,629,200
Konded debt («ee 8 OPPLEUENT).. 45,749,370 45,714,822 45,198,413
do
do
..
Wages, supplies and due other
companlei
i;ar trusts
516,200
372,000
230.000
1,313,097
1,575,465
832,123
1,004,707
1,170.059
1,083.031
752,548
1,210.161
l,212,75t
2,800,000
979,840
1,291,201
017,194
2.600,442
Temporary loans
Interest .and rentals
due
Other iiccounts
Contingent fund
Front and loss
873,930
Total liabilities
$88,852,726 $70,467,249 $73,618,143
& Denyer City Railway.
For
the
year
ending October Zl, 1890.^
f
Mr. Morgan Jones, the President, remarks in his report:
" Tlie company has completed and is now using its own
track into Fort Worth, having built an extension of its main
line from Hodge to this city a distance of five miles, at a cost
of 1130,626, which has greatly facilitated the handling of our
own business and its interchange with connections, avoiding
vexatious delays in transfers experienced in the past, and
wjjich will result in a large saving of time and labor.
" We have also built, through the Fort Worth & Denver
Terminal Railway Company, seven miles of tracks in the yard
at Fort Worth, and side tracks between Fort Worth & Hodge,
costing $I7'1,90.'5, which covers, besides the cost of construction
of tracks, freight depot and transfer sheds at Fort Worth, the
Fort Worth
cost of real estate purchased for this purpose at various times
during the past eight years, and which has materially increased
in value, and have also now under way, near Hodge, the erection of shops and round house." * *
The total exi)enditure3 from surplus, including those
above mentioned, were $345,363.
Operations, earnings and charges for three years were as
below given
_^
:
OPERATIONS AND FISCAL RESULTS.
„„
Miles operated
,
1837-88.
1888-89.
469
469
4
18S9-90.
460
Operatiom—
Passengers carried
Passengers carried one mUe...
Freight (tons) carried
Freight (tons) carrledone mile
g»«?ep«er8
$202,383
739,794
28,203
45,733
J^elglit..
Mall and express
Misoellaneous
„
Total
Oper.exp.,taxe8andrenewals.
Net earnings
71,533
7,070,342
347,624
93,448
7,291,658
414,264
186.189
18,867,(i21
SlS.OxO
96,968,352
$295,621
?4.50,20S
1,025,726
38,954
39,775
l„'i92,048
117,052
51.350
$1,016,113
711,417
$1,400,076
912,833
$2,012,.'>18
$304,696
$487,243
$776,069
1,236,440
IMCOME ACCOUNT.
Net earnings
Interest paid
Balance, surplns
1887-88.
1888-89.
$304,696
293,940
$487,243
422,450
$10,756
$64,793
188990.
$776,069
497.0
$270,0.:9
:
Net value of corporate stocks as above
Other net assets of the Trust
TotalasietsJan. 31, 1891
$24,217,638
910,785
«25,128,424
The net amount invested by the corporations during the
yeir for betterments was $1,')3,803.
The net earnings of the corporations
Jan. 31, 1891, were
The Trust share of this was
The net Interest received on loans
Total profit
of the Trust for the year
Expenses
Net earnings of the Trust
for the year M«llng
,
•S'n-.VnjS
'
QQaat
^•'•"''^
••••**'*'So^
'''*'"*
$a.028,6««
•
:
.
:
THE CHRONICLE.
238
of the
proper to say in this connection that the eflforts
which we
trustees have been to take the exact conditions by
future. And in
are surrounded, and not to borrow from the
upon
furtherance of this the inventory for 1891 has been taken
mventory
a more conservative basis than heretofore. If the
isyu
had been taken in 1891 upon the same basis as that of
prohts ot
there would have been shown to be an increase of
"
It is
.$100,664.
.
.
The operations of the Trust from the beginning have refor, and
•sulted in net assets of $1,142,456 to be accounted
4.hese are disposed of as follows :
OMhonhand
-
Lioans to associated companies
Cash paid for stock of Armstrong, McKelvy
Cash paid for stock of M aryland Wliite-l«ad
OBBce furniture and fixtures
1
Co
Total
liess
*^'?2?'?i5
jpx.to^
due associated companies as above
Net assets
186 417
'nb^'onn
i'^nn
o'°"Ti
3,492
& Co
$1,142,486
of trustees
She net assets on hand January 31,
1891, in the companies
Other than plant, ia
Made up as follows—
•
<i.oon
.
rotoers
nan
^'qfl'?sn
ai'k%i
Mlsoellaneous
and accounts receivable
o
ri -a?!
O'J
Ao^'.
Ifotes
Total
*Loes notes and accounts payable.$3,100,359
391.364
less mortgages
$97721,072
^
^^^ ^^^
—'--^
$6,229,34ii
be observed that in the accounts and bills payable is included
81,186,417 loaned by the tr\istees to the various companies of the as- It will
and a large part of the balance of the notes and accounU
payable are for material exchanged between the different companies.
aoolation,
Maryland Coal Company.
fFor the year ending Dec. 31, 1890.^
The President, Mr. J. E. Knapp, says in his report that the
shipments of coal via the Baltimore & Ohio Railroad decreased
40,994 tons, owing to the scarcity of Baltimore & Ohio cars.
The better facilities over the George's Creek & Cumberland
Road increased shipments over the Pennsylvania Railroad.
The mines are now in excellent condition for economical
operation. Pursuant to authority granted by the stockholders
$5,000 of the first mortgage bonds were purchased and canceled also $200,000 of the capital stock was bought in the
dividend of IJ^ per
open market for $30,300 and canceled.
cent was declared Nov. 5, 1890, on the stock of $4,200,000.
The production of coal in 1890 was 357,117 tons, against
^68,438 in 1889, 840,866 in 1888 and 316,518 in 1887.
The following is a brief statement of income account
;
A
INCOME ACCOUNT FOK 1890.
Deo.
31— Amount to
$1,162,868
5.238
1,165
credit of coal account
Coal on hand at cost.
Interest received.
$1,169,272
Paid for rghts, mhiing, office and shipping exp'8.$l,056,948
first
Chicago Roclt Island
6,044
9,975
mortgage bonds
1,072,967
$96,301
:
$63,000
30,300
93,300
Carried to profit and loss aoconnt
$3,004
GENERAL BALANCE SHEET JANUARY
Cr.
Beal estate
$4,200,000
Imp'm'ts and per. prop.
105,132
GeorKe'8Creek& CumblandKR. stock
105,000
Vessel property
945
BlUg receivable
4,619
Deposit in trust co's
32,491
-Casbinbank
16,815
Coal on hand at cost.
5.238
Accounts receivable....
100,863
1,
&
the mortgage and
$4,571,106
sell
the road."
Chicago Stock Yards.— The statement of the Chicago Stock
Yards for the year ending Dec. 31, is as follows
:
Gross earnings
Operating erpenses
_
amount
1889
1390.
$2,451,038
95 5,708
$2,853,476
49 4,088
$1,904,388
$1,495,329
to $890,000, leaving a sur-
Erie « Genesee Valley.— This N. Y. railroad, from Mount
Morris to Dansville, is advertised to be sold under foreclosure
on Monday, March 2, in Genesee. The road has been operated since its completion in 1872 by the Erie Railway.
Indianapolis Decatur & Western.— The holders of American Loan & Trust Company certificatps for Indianapolis
Decatur & Western Railway Co. second mortgage and income
bonds are notified that the engraved certificates have been
listed at the Stock Exchange, and are now ready for delivery
at the office of the American Loan & Trust Company. Holders
of the said securities who have not yet subscribed to the agreement may do so at the office of the American Loan & Trust
Company on or before the 20th of February.
Manhattan Elevated— Suburban Rapid Transit.—Tlie Suburban Road has been transferred to the control of parties interested in the Manhattan Elevated. The Suburban is in
operation as far as One Hundred and Seventieth Street and
by next May it is expected that it will be completed to Tremont (One Hundred and Seventy-sixth Street). The work of
extension will then be continued until Fordham is reached.
Within the next three or four weeks a connection between the
upper end of the Suburban Company's Harlem Bridge and the
Port Chester branch of the New York New Haven & Hartford Railroad will be made. At the south end the road
runs across a bridge at Harlem River and connects with the
brief account of the
Second and Third avenue elevated.
Company will be found in the Investors' Supplement. The
balance sheet on June 30, 1890, was reported as follows
A
:
Liabilities.
$641,865
$1,544,405 Capital stock
984,525
107,795 BUls and loans payable
37,331
2,432 Profit and loss surplus..
9,088
Materials and supplies.
$1,663,722
Total
$1,663,722
Total
Cost of road
"
eaulpment
mortgage bonds..
Unpaid coupons
Unpaid dividends
Accounts payable
Profit and loss
FirBt
Total
Stocks Authorized or Offered.—The follow-
New Bonds and
of new issues of securities
soon to be offered
is
a
list
now offered
for sale, or
:
STATES, cities, COUNTIES. <tC.
Attalla, Ala.— $25,000 water works bonds are to be issued.
Brewton, Ala.— $25,000 wat«r bonds are proposed.
$75,000 water bonds will be issued.
Columbia, S.
Dyer County, Tenn.— $25,000 bonds are proposed.
Fairfield Co., 8. C— $200,000 30.year 6 per cent railroad aid bond*
C—
are In contemplation.
1891.
Dr.
Capital stock
$4,200,000
140,000
35
2,935
63,466
164,670
.
Total
Pacific.— A dispatch from Kansas
&
ing
Net profit for 1890
Appropriated as follows
IVi per cent dividend on capital stock
Purchase of capital stock.
&
City, February 4, said: "Newman Erb, who was appointed refNebraska coneree in the Rock Island and Chicago Kansas
troversy, has forwarded his decision in the case to Judge
Caldwell, of the United States Court. The controversy arose
over an attempt to foreclose the mortgage on the Chicago
Nebraska Road. Mr. Erb decides in favor of the
Kansas
Rock Island. He finds that the trustee has a right to foreclose
Cash
Taxes
Interest of
Chicago & Northwestern.— The earnings and income account of this company for the calendar year 1890 will be
found in the editorial columns of the Chronicle.
Net earnings
The charges for the year
plus of $1,014,388,
. -
Equipment
184,194.197,200,233, 237, 240, 248. 256,263, 267, 301.314,32.5,
333, 340, 352, 3D5, 362, 369, 384, 392, 394, SS; , 399, 402. 404, 406,
417, 419, 422, 423, 442, 480, 483, 488.
9h,i£\),aia
•
in hands of companies
j*'SS"'"So
Merchandise in hands ot corroders and crushers 4,.ibb,7.i»
and
smelters
of
our
hands
in
Ore and huUion
Cash
[Vol. LIL
$4,571,106
GENERAL INVESTMENT NEWS.
Beech Creek.— The Philadelphia Inquirer says: "The reorganization of the Beech Creek properties in the interest of the
Vanderbilts will soon be effected. The Clearfield Bituminous
Coal Corporation, which is operated in connection with the
railroad, is to be sold under foreclosure in March.
The company is in default for over two years' interest on the $1,650,000
of 4 per cent bonds, and the stockholders, who are all in the
Vanderbilt interest, do not propose to pay tip. A reorganization plan has been agreed upon by which $825,000 of 4 per
cent bonds will be issued in exchange for present obligations.
This plan has been accepted by 95 per cent of the bondholdersj
who have been assured that interest will be regularly paid."
Called Bonds. The following bonds have been called for
—
payment
Colorado Midland Railway.— Equipment trust 7 per cent
bonds dated 1888, due March 1, 1898, to be paid at 105 upon
Sresentation at the office of Samuel S. Sands & Co. 10 Wall St
L Y., on and after March 1,1891, 50 bonds ot $1,000 each, viz!':
,
Ko«. 25, 97. 78, 07, 90, 103, 120, 124, 167,160,166, 168,176,178,
Portland, Me.— $80,000 new bonds are to be issued.
EiiiA County, Tenn.— Court House bonds are proposed.
Rochester, N. Y. $1,750,000 water 4 per cent bonds are proposed.
$50,000 street improvement bonds will be issued.
Salisbury, N.
C—
RAILROAD AND MISCELLANEOUS COMPANIES.
Houston West Street & Pavonia Ferry (Horbe) Railroad.—
$800,000 new stock is to be issued making total $1,050,000.
Kansas City & Pacific Railway Co.- $1,000,000 Ist mortgage
100-year 4 per cent gold Ijonds are ottered by Messrs. Poor &
Greenough, 20 Wall Street. Full partlcidais will be found in our
advertising columns.
Northern Pacific.—On the editorial pages of the Chronicle
will be found a full statement of the income account for the
first half of the fiscal year— from July to December, 1890, inclusive.
—
Notice is given to the preferred
stockholders that the comoany offer for sale to
them four million dollars of the consolidated 5 per cent gold
bonds, authorized November 1, 1889, due in 1939, and now
held in the treasury of the company, at 70 per cent and accrued interest. Stockholders ot record February 4, 1891, may
make application for the purchase of these bonds to the
Trust Company until Friday, February 30,
Farmers' Loan
All the bonds have been underwritten by Messrs. Lee,
1891.
Co., of Boston, and a syndicate of bankers, who
Higginson
will take all the bonds not applied for by the stockholders.
Pittgbnrg & Western.— Baltimore & Ohio.— President H.
W. Oliver, Andrew Carnegie, B. F. Jones and John W.
Chalfant, of Pittsburg, and Solon Humphreys and John
Terry, of New York, have sold to the Baltimore & Ohio
Western common stock, for
121,000 shares of Pittsburg
which they will receive like shares of the Baltimore & Ohio
W. stock.
stock on a basis, said to be about 39 for the P.
The transfer of stock will give control of the road to the
Oregon Iinproveinent.
and
common
&
&
&
&
,,
.
Febrcabt
.
.
THE CHUONICLB
7, 1891.]
&
ChiOhio, and in connection with the Akron
BaJtiraore
cago, u»w in course of construction, will Rivo the B. & O.
W.
j>arties
The
V.
making
a more direct line to Chicago.
the trnnKfer rehiin a large interest in the preferred Kto<"k, and
will
benefitted
by
the
stock
be
deal
claim that Uith classes of
just contiiiinmated.
Ohio Road agrees to assume $1,250,000 of
The Baltimore
Western floating debt; and they propose to raise
Pittsburg
this money and $1,750,000 more on an issue of Pittsburg &:
A
&
&
&
Western second mortgage bonds for $8,000,000, and enough
of the bonds in excess of
floating
the
debt
re(iuirenu'ut
expended in double tracking the Pittsburg &
Western main line, and in building round houses.
Postal Telegraph Co.— At the annual meeting of the Postal
Telegraph & CiibU' ('i>in[)any John W. Mackay. Jr.. was eli^'ted
a director to succeoii Hector de Castro. Edward C. Piatt takes
Mr. de Castro's place on the Executive Committee of tlie
Postal Company, and the following directors were re-elected
John W. Mackav, St.; George S. Coe.W. C. Van Hora, Albert
B. Chandler, C. 'R. Hosmer, James W. EUsworth.W. H. Baker,
Edward C. Piatt. John O. Stevens and George O. Ward.
Ponghkeepsie Bridge.— The coupons of the first mortgage
bonds fell due on the 1st inst., but were not paid. Whether or
not any steps will be taken looking toward a receiversliip or
foreclosure has not as yet transpired, but in the meantime the'
directors of the company are endeavoring to effect an arrangement with the bondholders for the funding of all coupons falling due within the next two years, the loan thus created to bear
interest at 5 per cent, and to be retired at the discretion of the
company at any time within the next ten years. Some of the
larger bondholders in Philadelphia and New York have signiwill
be
:
289
Rntlaiid.— As to the lease of the Rutland R»ilroa<l to the
Central Vermont, the BosUra Tranmript savs the Rutland
will |)Iac() upon its pror)crty a conHolidat^d mortgage for
$8,000,000 to fund present Itonds and to make improTeniento
the lea.se is for 999 years from Jan. 1. 1891; the corporate
organization of the Rutland and the Addison companiat wiU
be maintained. The rental to be paid by the Central Vermont is $845,000 in gold per annum. Arrangements are spedlied for appraisals of the value of rolling stock purchaseoW
the lessee, and of other improvements, and upon due oertt^
cation the lessee shall be entitled to receive from the Rutland
within thirty days an amount etjual to the v.ilue of such rolling 8t<K^k and imi>roveiuent8, not exceeding $.500,000. no part
of it payable until after July 1, 1891, and but $;)00,0(K) paid
the first year, the whole amount to be expended in tnree
This refers to the improvement which the Rutland is
years.
to
make and
for
which
it
will issue Irands.
Lonis k Chicago— North A Sonth.— At Edwardsville,
III., February 8, a deed was filed to George Coppell, D. D,
Withers and Frank C. Hollins, a committee appomted under
agreement of holders of the first mortgage consolidated bonds,
for all interest in the St. Louis & Chicago Railway Companv
8t.
from Litchfield
Louis Railroad
to Springfield,
Company from
and
in
the Litchfield
&
St.
Alhambra. The
above-named committee also filed a deed transferring thi»
proi)erty to the North & South RaUroad Company of Illinois.
Sonth Carolina RR.— Notice is given that the interest which
became due on or before Jan. 1, 1891, on all bonds of the South
Carolina Railway Company prior in lien to the first consolidated mortgage bonds, except the bonds of H. T. Coghlan,
(now under appeal), will be paid at Central Trust Company'
54 Wall Street, New York, and at the office of the Receiver in
fied their willingness to accept these terms.
Providence & Spriuglleld.— At a special meeting of the Charleston, on Feb. 9, 1891, and that all remaining unpaid
Providence & .Springfield Railroad Company, in Providence, cou[>ons of the first consolidated mortgage bonds which
a resolution was unanimously passed authorizing the President became due April 1, 1889. Oct. 1, 1890, and April 1, 1890, will
of the company to apply to the General Assembly for such be paid at the office of the Receiver in Charleston on and
amendments to the charter as may be necessary to authorize
the comp;>ny from time to time to issue its bonds for a sum
not exceeding $1,000,000, $500,000 thereof to be used to redeem
or pay the present outstanding bonded indebtedness, and the
remainder for constructing extensions. Also for authority for
the New York
New England Railroad Company and for the
City of Providence to endorse or guarantee the payment of
said bonds, and also for such amendment as may be necessary
to ratify and confirm the lease of the property.
after Feb. 9, 1891.
Trust Companies in New York.— The following statements
are given additional to those published in our issues of
January 84 and January 31
:
JAEVI8-CONKLIN MORTGAGE COMPANY.
&
—
Railroads in Massaclinsetts. The following roads have
reported for the quarter ending December 31, 1889 and 1890
:
OLD COLONY.
~Quar. tnding Dec, 31.-^
1889
1890
Qtois earnings
$1,942,493 $1 ,989,363
Operatfngexpensee.. 1,388,794 1,542,364
Neteamlnge
91,582
$1,330,913 $1,287,514
167,272
180,742
$645,281
416,907
$571,270
424,379
$1,498,185 $1,468,256
840,325
852,204
Other income
&
Int., rentale
taxes.
$146,891
$657,860
CON.NECTICUT BIVEB.
--5tjnio». e«rf.
.— Pilar, enrfijio Dee. 31.—
1889.
1890
1889.
OrOM earnings
$268,026
$286,004
$574,692
Operating expenses..
149,214
164,4.33
331,068
Dee. 31.—
Neteamingii
Other income
$228,374
Balance, eurplug...
$616,052
1890
.$604,368
355,357
$243,624
18,979
$249,011
22,824
$121,758
27.921
$130,508
27,167
$262,603
61,327
$271,835
taxes.
Balance, surplus...
$93,837
Total
57,013
$103,341
$201,276
$214,822
Railroads in New York.- The reports for the quarter and
six months endmg Dec. 31, 1890 and 1889, were as below given:
NEW TORK .k NORTHKRK.
^(^mr.nuling Dre. SI.— ,—6 mog. end. Dee. 31.—
1889.
1890.
1889.
1890.
Oroae earnings
Operating expenses
$140,594
124,k30
$115,553
94,116
$308,520
244,372
$249,041
195,193
Net earnings.
$15,764
21.437
$64,148
783
$53,848
232
$1.^.764
$21,437
20,625
$64,931
37,650
$54,080
54,139
8ur.$812 8ur.$27,281
def.$59
Other income.
. .
Total
Int., rentals
$4,870..342
Other assets
$5,174,386
862,455
120,376
31,846
333,133
318,285
440,502
104,147
Total
$7,385,134
$7,664,462
$1,500,000
50,000
26,217
747,956
760,038
4,157,168
75,000
68,754
$1,500,000
50,000
253,424
240,640
534,645
$7,385,134
$7,664,462
Supplementary.
Outstandlngguaranteed loans less than am't
of debts guaranteed & liabilities thereon.. $2,000,000
Interest and profits received last
mouths.
231,540
4^,051
Stoak lnve.'<tincnt8 (tjook value)
Anioiiiit loaned on collaterals
Amounf loaned on personal securities
Keal cst.ite (cost)
Cash on hand and on deposit
Due from agents
A taxes
Balance
18.825
cief.$3,061
8T*TEN ISLAND BAPID TRANSrT.
^Quarter entTg Dee. 31.-^
^6 Tnot.
Gross earnings.
Oper. expenses.
eiid'g Dee. 31.—,
1889.
1890.
1889.
$171,180
147,913
$194,283
166,693
$321,586
1800.
$582,:i63
334,8.50
355,445
fund
Undivided profits
Surplu.s
Int, taxes, rent's
Balance.
$23,207
79,027
$27,590
80,109
$186,736
141,268
$226,918
142,793
.
df.$55,760
def.$52.519
sur. $45,468
sur.$84,125
BUFFALO ROCHESTER & PnTSBUBG.
^Qiiar entTo Dee. 31.—
-Sir mo$. end.Dee.
31 .—
1889
$492,897
355,213
1890
$614,745
467,470
1890.
$993,317 $1,214,645
675,105
898,115
$137,684
4,326
$147,275
6,032
$320,212
$316,530
Other income
8,602
11,784
.Total
$142,010
$153,327
171,015
$328,814
310,037
$328,314
341,692
Oroes earnings
Operating expenses.
Net earnings
Int., rentals
General deposits awaiting investment
Debentures outstanding
Dividends payable July 1
Other liabilities
Interest oreditcd deiwsifors, same period.
Expenses of the institution, same period...
Divld'ds declared on capital st'k, same pcr'd
Deposits on which interest is allowed
Rate ol interest on same
A taxes.
166,051
1SS9.
df.$24,041
dt.$17,688
sur.$18,777 <U.$13,378
5,809
5.085,75*
10,489
98,626
75,000
482,804
4 to 5
5,976
145,045
75,000
246,011
5
UNITED STATES MORTGAGE COMPANY.
Resources.
Bonds and morts., including loans
Interest aue and accrued on same
June 30. 1890. Dee.31,1890.
$4(n,669
$498,369
350.540
550,850
in litig'n.
$849,211
Less payment
made on
$1,049,22;^
account, awaiting
result of Utlgation
Real estate acquired by foreclosure.
Cash on hand and on deposit
Loans on collaterals
Other assets
Total
241,650
430,70S
$607,561
$212,737
34.218
125,000
301,941
$618,517
$201,150
59,157
100,000
$1,281,469
$1,237,955
$1,000,000
52,500
228,533
$1,000,000
59,1 30
LiaMilies.
Capital (subscribed $5,000,000) paid in
Dividend declared, payable July 1
Balance, nominal surplus
Other liabilities
Total
8.
237,552
436
403
$1,281,469
$1,237,95*
TRANSFER & EXCHANGE ASSOCUiTION.
Resources.
June 30. 1890. De«.31.1890.
$217,933
$226,050
34.100
58.550
Stock investments (market value)
Amount loared on collaterals
Ca«h (m deiioait
Otherassets
45,591
253
Total.
LUMlUUs.
Capital stock paid in.
Surplus fund
Total
6.513
38,794
$297,878
$329,907
$200,000
97,878
$200,000
129,907
$297,878
$329,007
$3,515
$20,031
3,71»
SuppJementory.
last six mouths.
of iustitution. same jn'riod
Interestand profits received
Expenses
Balance
.'
Deiiosits in trust
U.
Net earnings
1,600,330
62,036
50,427
437,327
456,833
LtabUiHes.
Capital stock paldiu
.
$121,571
8,937
A
J«>M! 30.1890. D««.31,1890.
morti?iVgea
Total
$118,812
2,946
Int., rentals
Resources.
Bonds and
31.-,
1889.
1890.
$4,184,064 $4,411,815
2,853,151 3,124,301
$446,999
124,271
$5.S3,699
Tbtal Income
^Sixmos.end.Dee
Litchfield to
Div. declared ou capital stock,
same
period.
220
IMSS
THE CHRONICLE
240
Reports miA
New
P0jcttmjetitB.
31, 1890.
New York, February 5th, 1891.
To the Stockholders of the Central Railroad of New Jersey ;
The Board of Directors submit the following report for the
year ending December Slst, 1890, together with statistical
tables and other information respecting the financial and
physical condition of the Company and its property.
The net surplus revenues of the Company over all operating
expenses, taxes, extraordinary repairs and fixed charges during the year amounted to $2,507,370 12.
There is included in the revenue account, as income from
Investments, $428,120 for coupons that matured during 1890
Wilkes- Barre Coal Company's 7 per cent Consoliom Lehigh
dated Mortgage Bonds owned by the Company, payment of
which coupons has been deferred, but which constitute an
investment in the " securities of other companies," secured by
said Mortgage, and re-payable hereafter out of the net income
of the Coal Company. There are also included receipts from
business of previous years, premiums on bonds sold, adjustment of old claims, etc. less expenditures chargeable to the
same accounts, a balance of $322,752 70.
Quarterly dividends have been paid during the year at the
rate of six per cent per annum.
&
,
SUMMARY OF EARNINGS AND EXPENSES.
(Including
Gross eaniinge
New York & Long Brancb
Division.)
Operating expenses and taxes
tracks and extensions
$21,759 71
7,611 89
3,795 36
54,959 36
30,837 12
17,007 71
38,537 34
3,296 83
44,687 52
12,402 82
12,982 06
Second track
Fourth track
Sldlngsand connections
CENTRAL RAILROAD CO. OF NEW JERSEY.
BEPORT FOB THE YEAR ENDING DECEMBER
[VCL. UI.
Yards, retaining walls, etc
Bight of way
Stations, freight houses, sheds, etc
Overhead bridges
Signals and interlocking apparatus
Coal trestles
Engine houses, excavation and foundation
Derricks and engines
Boiler houses and electric light stations
Coal storage plant
Tracks and switches at Jersey City terminal
1,301 84
8,035 48
182,612 77
371 23
3,206 63
4,906 22
24,899 04
20,466 09
15,509 30
Docks and piers
Track scales
Gas and oil houses
Bulkheads on sea shore
Water
stations, wells, tanks, etc
Miscellaneous
Deduct
Land
136 45
—
$509,822 77
$112,592 50
sold at Jersey City
Miscellaneous adjustments
68,30186
180,894 36
$328,928 41
Mileage.
The mileage operated by the Company was increased by extensions completed during the year, and the acquisition, by
lease, of the Hibemia Mine Railroad and the AUentown
Terminal Railroad.
The Company ;now operates 660-76 miles of railroad (an increase of 8"34 miles over last year), and 21 miles of steamer
and ferry lines, making a total mileage of 681 '76 miles.
statement of the miles of road, single tracks, miles of steel and
iron rails, in detail, is appended hereto.
A
f 14,126,563 36
REAL ESTATE AND OTHER PROPERTY.
8,161,275 53
The changes during the year in this account have resulted
Ifet earnings
$5,965,287 83 in an increase of $611,613 50, chiefly due to the expenditure
Income from investmentsupon the new building in New York.
Revenue from stocks, bonds and real
The Company has owned for some twenty years 'nearly the
estate
$409,173 32
entire half block on West, Washington and Liberty streets,
Interest on Lehigli & Wilitesbarre Coal
Mortgage
Co. 7 per cent Consolidated
which was originally purchased as a location for an office
428,12000
bonds
837,29332 building. The growing demand for more commodious office
quarters, consequent upon the Company's increasing business,
Other Income322,752 70 determined the Board to utilize this property for its intended
Premium on securities sold, etc
purpose. The construction of a building was commenced in
$7,125,333 85
1889 and will be completed for occupancy by May 1st next.
Fixfd Charges—
Fully three-fourths of the building available for rental have
$2,798,148 44
Interest on bonded and other debt
Proportion of earnings due for rentals
under leases of the Lehigh & Susque1,819,815 29
liauna Railroad and other lines
eorplns for the year
—
already been advantageously leased to desirable tenants.
4,617,963 73
$2,507,370 12
IHvitlends
Against the surplus there Is chargeable
the four dividends of one and one-half
(fs) percent each on the capital stock
declared for the quarters ending with
March, June, September and December
.1,117,092 00
Balance credited to profit and loss account
$1 ,390,278 12
PASSENGER TRAFFIC.
The passenger
traffic
EQUIPMENT.
The equipment account has been carefully adjusted from
month to month by making deduction for property destroyed,
and represents as nearly as possible the actual value of equipment. There was added to this account during the year,
$716,379 23 (.which includes new heating and lighting apparatus
for old passenger cars), as follows :
15 Locomotives
32 Passenger Cars
876 Freight Cars,
,
Miscellaneous Property, iiicludlngl2 work cars
shows an increase in receipts of $353,which $36,366 99 was on New Lbss Equipme:it sold and destroyed,
22 over the previous year, of
York & Long Branch Div'sion.
(108
There waa an increase in receipts from the transportation of
merchandise freight (including Long Branch Division) of
SECURITIES OWNED.
stocks and bonds of other companies haa
Investment in
been increased $93,739
ANTHRACITE COAL.
of
The authorized capital stock of the Company is $30,000,000,
which there is now outstanding $18,639,200, an increase
during the past year of $41,000, through the conversion of
that amount of Convertible Debenture Bonds.
SUMMARY OF TRAFFIC.
FUNDED DEBT.
gross earnings from traffic of all kinds exceeded by
$246,811 99 those of tlie preceding year, and were the largest
in the history of the Company.
The
OPERATING EXPENSES.
Operating expenses for the year show an increase of
$336,188 92. The charges to this account include expenditures
for renewal of bridges and extraordinary repairs to the
property, as follows:
881 648 33
277164
'"
INTEREST AND RENTALS.
2'0''2 94
5210'' 60
87* 168 8(1
2l'l01 31
*^46,81o 62
The
interest on bonded and other debt for 1890 shows
a
decrease of $30,483 68 from the charges for 1889, and the rental
charges imder leas?s decreased $59,572 09, a tjtal decrease
nf
<=vi>:d«e oi
$90,005 77.
The deta Is of charges for interest and rentals that accrued
during the year will be found in the report of the Comptroller appended hereto, as also the general balance sheet of
the
Compa^iy.
RAILROADS AND APPURTENANCES.
Additional I'loperty.
new property, charged to constnicyear over credits to that acouut result in a
The expenditures
jtion
'
during
tiie
for
net increase of $328,928 41.
83.
CAPITAL STOCK.
The transportation rates on anthracite coal during the early
part of the year were lower on shipments to tide-water than
those prevailing at the same time in 1889, and the receipts
from its carriagepshow a decrease of $640,388 20.
Bridges New .Jersey Central Division
Bridges Newark Branch
Bridges High lirldgo Branch
Bridges Lehigh & Susquehanna Division
Other con struct Ion
Chaiiglng 20 J ore cars to oo.-il ears
$819,229 87
102,850 64
$716,379 23
MERCHANDISE FREIGHT.
$J04.901 90.
$150,899 70
218,893 32
430,631 34
18,805 51
The
funded indebtedness of the Company,
including principal of Car Trust obligations, is now $45,435,113 47, a decrease of $651,408 64 since the last report.
The payment during the year of $4,989,000 of the $5,000,000
maturing 7 per cent First Mortgage Bonds by the issue of
$4,500,000 5 i)er cent General Mortgage Bonds and the payment in cash of $133,000 Car Trust Bonds, $1,000 of Adjustment Bonds, $2,000 of Debenture Bonds, together with the
conversion into stock of $41,000 Debenture Bonds, for which
5 per cent bonds had been reserved, has increased the available balance of General Mortgage 5 per cent Bonds in the
treeasury from $5,587,900 on January 1st, 1890, to $6,253,900
total outstanding
January 1st, 1891.
Of the $50,000,000 General Mortgage 5 per cent Bonds there
has been issued (including both registered and coupon bonds)
$34,960,000, leaving a balance of $15,040,000 unissued; of this
amount bonds are held by the Trustee to cover the following:
First mortgage bonds, 1890, matured
.$11,000
Legiuh Coal & Navigation bonds, 1897
2,31O,0tM>
(Jousolidated mortgage bonds, 1899
3,836,000
Long Branch Ai Sea Shore bonds, 1899
197,000
New Jersey Southern bonds, 1899
411,000
Bonds (under consolidated mortgage), 1902
1,107,<>00
debenture bonds, 1908
605,000
(lar trust obligations, 1891-1S92
239.000
Adjustment bonds. 1903, called for payment
IO.(hX)
South Branch K. R. stock, called for payment
100
Total reserved
Balance available for other purposes
$8,786,100
6,253.900
$15,040,000
.
FKBROAnY
—
—
..
2U
THE (;HR0N1CLE.
7, 189'.
OTHKR INDEBTEDNESS,
liabilities of tlie
The current
€.
company
loans) over cash nBnets uliow an
(incluilinR temnorary
iucrciuie of $1,106,141 75, as
This increase <>f $I,10(S,with the surplus of $1,390,278 12 carried to
account for the year, after payment of divi
dends. makes a total of $3,40(},422 87, which U represented by
compared with the preceding year.
iU
75, toRethcr
profit and loss
outlays as follows:
Rnllrn.ul nml in.purtonanoeg
..anil other property
i;
f??'!!?.*!
i),
flU.Ulj! 50
ilioroompanle*
r
SI 'Sill HS
B.md.^uf oth.uc4)Hip»iiie8
,;?',?V .2
JiQ'.wiT. TJ!
""
"^•""*'
Coiiiliik-ont fHTul i-httrices
C»rlru>.!«piil.l...
Funiled debt
iii-,oiXa"«i'
(OlB.iOB B*
41,000 00
Piilil
ilSconvcM inti itiok
477 408
.
M
INCOME AC(30UNT FOR THE FISCAL YEAR EXDIRO DEfKSC
BER 31, 1800.
£xptntet—
Conducting transportatlOD
Motive power
Malntennnee of osra
MklDteuance of way
Oencral expenses
(2,656,203 45
2,25a,24GSU
967.078 HI
1,155.947 75
420,223 57
ir7,493.300 38
BUUandlocal
^
taxes
303,399 44
•
New York & Long Branch Division
$7,766,699 82
404,675 71
$8,161,275 5.1
5.968,297 83
Net earnings
914,126,5«3a«
$2,496,422 87
Total
By
$2,798,148 14
l,81w,81529 $4,617,903 73
Interest on funded debt
Rentals of leased lines
order of the Board,
J. R.
MAXWELL,
2,507,37012
Surplus for year
President.
A.
BAIWIKCE SHEET DECEMBER
A nets.
^,125,333
Eammyt—
31
1800.
niirt appurtcnance.i. Including purchased Unes. $32,760,601 63
Other iirKiHTty and rciil eatute—
$10,499 67
D\villln>r h'mstw in Pennsylvania....
10,508 61
Berireu Point wharf
10.137 99
Alhintii- HltthlandH dock
315,469 50
DoikH. New Yorli City
72,890 00
Eastiwirt and N. Y. Ferry Co.'s lands
130 08
Mariners' tlarbor property
7,508 54
Suuinitt Hill RR. in Pennsylvania. ..
Real est. aequlreil for UK. imrponce. 1,091 ,.330 90
Real e8t. iN. Y. City and elsewhere). 1,443,216 67
8,961.691 96
12,885,6.'i4 63
Cost of efjulpment, less depreciation charged off
6,185,726 03
Stocks of other companies, owned
13,638,556 29
Bonds of other companies, owned
$714,417 22
Cash on hand
Accounts due from agents, companies
1,526,03401
and Individuals
Railroad
—
Bills
Passenger
Morehaudise freight
Anthracite coal
Express
U. S. Mall
Mtscellaneous
08
18
88
20
27,84603
$2,850,509
8,841,059
6,703.812
192.324
:
;
48,174 32
$13,663,725 64
462,837 72
New York dt Long Branch Division
*14,126,.563 36
$14,126,563 36
$5.96.5,287 83
Net earnings
Income from investments
Including coupons on $16,116,000 Lehigh & Wllkesbarre Coal Co. 7 per cent consolidated mortgage
837.293 32
bonds ($428,120) matured but not paid
Other income322.752 70
Premium on bonds sold. etc. (balance)
and other debts due
receivable
$7,125,333 85
2,394,870 39
550,533 99
company
Materials and supplies
5,185,855 61
|$73,61 8,146 15
D.
STATEMENT OF FUNDED DEBT AND ACCRUED CHARGES FOR
INTEREST AND RENTALS DURING THE YEAR 1890.
INDEBTBDNESB.
LiabUities.
Outtland-
$18,629,200 00
Capital stock
$10,000 00
Adjustment bonds (called for payment)
11,000 00
Hrst mortpago bonds— 1890 (matured).
Lehigh Coal & Navigation Co. gold
2,310,000 00
bonds— 1897
3,8W6.000 00
Consolidated bonds- 1899
197,000 00
Long Branch & Sea Shore bonds- 1899..
Kew Jersey Southern bonds— 1899
411,000 00
Bonds (consolidated mortsage)— 1902. .. 1,167,000 00
605,000 00
Convertible debenture bonds 190'^
Geuenil iiiort. registered bonds — 1987.. 10,136,000 00
General mortgage couiwn bonds— 19H7. 24,824,0(10 00
New York <!c lAjng Branch hond.«i— 1931. 1,.'JOO,000 00
Real estate bonds and mortgages
189,413 47
ingJan.
July 1.'99
Dec. 1, '99
July 15, '99
Consol.Mort
L. B. &8.S. IstM.
N.J. So. Mort
7
7
6
Nov.
Consol. Mort)..
$46,000 00
193,000 00
1,293,292 84
2,600,442 42
411,000
"
May
81,6ft0
605,000
34,960,000
1.500,000
37.205
1.729,250
189,413
9,02S
•Tuly
N.Y.&UB.lstM.
Dec.
Real estate bonds
and mortgages.
S'nd'y dates 5
—
trusts
car trust.
.
.
Cent. RK. of N. J.
car trust
Due May
"
Apr.
1
,
'91
6 per cent
1,'92 6
46,000
4,68«
193,000
13,885
$239,000
Ouaranteed by Central RR. nf K. J.—
& Imp't Co. Ist .W. 5 per cent
bonds, $4,987,000, due July 1, 1921
American Dock
3,217,636 21
$73,618,146 15
Interest and Discount.
loans, <&c. during 1 890
Temporary
Rentals
$45,435,41 3
—
COMPARATIVE STATEMENT OF EARNINGS, OPERATING EX- Dover & Eockaway RB,
Ogden Mine RR
PENSES AND TRAFFIC.
Toms River & Watertown RE
(Including New York A Long Branch Railroad.)
Lehigh &, Susquehanna RB
Eanungt—
Hibernia Mine RR
1890.
1889.
mfferencr
Passenger
$3,093,813 94 $2,742,210 72 $353,603 2'J Inc. Wilkesbarra & Scranton RR
Expri'ss
0.8. Mail
MIscenaneoua
3,9o5,710 45
6,725,695 95
192,324 20
3,450,808 53
7.366,084 15
27,84603
48,174 32
187.64107
25,270 46
40.824 69
90,998 47
66,01173
504,901
040,388
4,683
2,575
7,349
90 Inc.
20 Dec.
l.'i
57
63
Allcntown Terminal
RR
8,600
i,aoi
1,
;
Total accrued charges for 1890.
rrtr
Registered, $10,136,000; coupon $24,824,000.
>
,
'.
$14,126,563 36 $13,879,751 37 $246,8lT99 Ric.
Eipaues-
(5777
p.
c.)
(57-10 p.
—
c.)
taxesAN.Y. &L.B.
SR
Net earnings
8.161,275 53
7,925,086 61
$5,965,387 83
$SJ»54.e64 76
Tragic and Milengt—
Pass'ngcr train miles.
3.430.248
Passongers
13,716.832
Pii...;eiicpr», onomilc.
180,288,585
'rf 11, lit train miles..
2,307,125
I
Tuns (i-eight (includ'g
bituminous coal)...
Tons tr'ght one mile..
6.401,801
842,040,924
2.317,07H
5.064,727
7.4tW,0'.!9
654.805,379
8,054,451
T,it.uiiit8(Pass.At'n8)
27,58^,162
TjtjUnjaiit^auen.Ue.. 1,177,194,888
699,091,231
7,719,091
24,401,678
1,142,505,450
miles
236,188 92 Inc
$10,623 07
In<<<
The American Soda Fountain Company has been incorporated at Trenton, N. J. Its purpose is to consolidate the
plant, real estate, patents, stocks on hand, and good will of
the firms and businesses heretofore carried on by John Matthews of this city, James W. Tufts and the A. D. Puffer & Sons
Manufacturing Company of Boston, and Charles Lippincott
Co. of Philadelphia. All of those firms are engaged in tb^
manufacture and sale of soda-water fountains, supplies
&
3.088,190
12.645,149
162,245,006
2,275,523
280,56<!,213
2.3.55,878
(!,691,80a
Coal train miles
Tons coal (antlir'clte)
Tons coal one mile
Tiibil train
.$4,617,909
14,086 74 Inc.
Oper. expenses, inc.
•
47,103
13,900
$1,819,815
Inc.
Inc.
Inc.
'
Totals
—
$2 ,7 98.1 48
f3,0IM>
Pro. of loc:U earn'gs,
««e.,N.Y.*L.B.RR.
249,350
123,378
,
Total funded debt and interest
Aulhraoite coal
75,000
$45,196,413
Guar,
6,335,896 47
Merchandise freight.
29,1 IC
138,600
268,520
13,789
24,660
1,167,000
Conv. Deb'uturcs
General Mort.*...
Car
$617,193 79
.
11, COO
2,310,000
3,836,000
197,000
1,1902,7
1. 1908,6
1, 1987,5
1,1931,5
239,000 00
Cnrrcnt cash liabilities for wages and
supplioi!, and balances due other cos. $1,262,754 25
TemiKirary loans
2,800,000 00
Interest and rentals due
979,849 38
Other Indebtedness and accrued charges,
luoliidiug taxes
Charge*
fur 1890.
$10,600
Bonds (secured by
45,196,413 47
Oontingent fund.
rroHt and los9.
Arertifd
1,
1891.
Botids—
Called for p.ay't. Int. ceased
Adjust. Mort
i
^'•^
""» Feb.
1, '««
'90 "
"
Due
First Mortgage
Deo. 15, '97 6 per cent
L.C. &Nav.g.loan.
"
—
Guarantee Car Trust— 1 891
Central RB. of N. J. Car Trust- 1892.
m
S42.058
1,071,683
18,043,579
81,602
Inc.
Inc.
Inc.
Inc.
1.337,074 Ine,
61,474,711 Inc,
.38,800 Dec.
771.727 Inc.
44,828.852 Dee,
3.i4,S(>0 IiXi
3,l.sO, 18 1 li c-
34,6s9,438 Ino
m
The three first named have been
the business for nearly fifty years, the last-named over twen^
years, and together they control the business of the Unltea
States and Canada and the West Indies. The capital of the
company is to be $3,750,000, of which 25,000 shares will be
preferred and 12,,500 shares common stock. The incor|>oratora
are tlie members of the several copartnerships and concema
which are brought into the consolidation sclieme. It is understood that a portion of the shares will be offered to the public
and apparatuses.
•IHE CHRONlCLi!..
242
[Vol. LII.
PROPERTY CONVEYED.
HOUSTON & TEXAS CENTRAL RR. CO.
N(yw, therefore, this indenture witnesseth, that the party of
the first part, for and in consideration of the premises, &c.,
&c., doth by these presents convey and confirm unto the Trustee all the railroad, franchises, stations, shops, terminal facilities, roUing stock and equipment of what were formerly
known as the Main Line and Western Division of the Houston
Texas Central Railway, being the divisions thereof extending as follows
FIEST MORTGAGE OF THE HOUSTON & TEXAS CENTRAL RAILROAD COMPANY, DATED APRIL 1, 1890,
SECURING $8,634,000 OF 5 PER CENT GOLD BONDS, &
DUE JULY 1, 1937-ALSO TRUST INDENTURE,
CONVEYING TO THE TRUSTEE CERTAIN LANDS
AS ADDITIONAL SECURITY.
&
Road—
Milet.
453
Total owned and conveyed
on the railroad hereby conare further secured by pledge of
the trust indenture immediately fol-
[In addition to being a
Texas Central Railroad Company, a corpora- veyed, the bonds of this issue
the State of Texas, party of
tion existing under the laws of
the first part, and the Central Trust
"Trustee, party of the second part.
338
115
Houston, Texas, to the Red River (near Denison, Tex)
Hempstead, Texas, to Austin, Texas
FAKTIE8.
The Houston
:
Litie of
first
Company
New
of
York,
certain lands described in
lowing this abstract.]
lien
COMPANY COVENANTS TO PAY TAXES.
The
railroad company hereby covenants to pay from
1, 1890,
to time all taxes, assessments and Government charges
the owner of the railway, property and franchises herein- the mortgaged premises, the lien whereof might be held
after described, which were formerly the property of the prior to the hen of these presents.
Houston & Texas Central Railway Company and were sold in
PROCEEDS OF LAND SALES TO BE APPLIED TO
foreclosure September 8, 1888, and,
REDEMPTION OF BONDS OF THIS ISSUE AT
Whereas, The railroad company, in order to provide for disPREAMBLE.
Whereas, The railroad company became on April
time
upon
to be
THE
110—
BONDS TO BE DRAWN BY LOT IF NOT PURCHASABLE.
•charging a portion of its indebtedaess for the purchase price
AU cash proceeds which shall come into the possession of
of such railways and property, and for the purpose of paying
other obligations, has duly determined to issue its first mortgage the railroad company from sales made subsequent to Septembonds to the aggregate amount of $8,634,000 in the gold com ber 8, 1888, of lands formerly covered by the Houston & Texas
of the United States of America, such bonds to be for $1,000 Central Railway Company's Main Line First Mortgage, dated
each, payable on July 1, 1937, and to bear interest from Janu- July 1, 1866, or its Western Division First Mortgage, dated
ary 1, 1890, i)ayable semi-annually, at the rate of 5 per cent December 21, 1870, shall- be applied to the purchase of bonds
per annum, in like gold coin, on January 1 and July 1 in each secured hereby, at the market rates, not exceeding 116 per
year ; the said bonds to be substantially in the form following, cent of the par value thereof and accrued interest thereon.
that is to say
In the event that such bonds cannot be purchased at or
THE BOND.
below the said rate, the railroad company shall at least once
in each year draw by lot bonds secured by this mortgage to
UmxED States of America.
be paid for out of such proceeds of land sales, at the rate of
110 per cent of the par value thereof and accrued interest
FiBST Mortgage Five Pee Cent Gold Bond.
thereon. The bonds so drawn shall cease to bear interest after
Due July 1, 1937.
sixty days' public notice of such drawing, and with the interCENTRAL
RAILROAD
TEXAS
CO.
iSt
HOUSTON
THE
est warrants appertaining thereto, shall be canceled.
No.
:
RBLEASE OF PROPERTY FROM THE LIEN OF THIS MORTGAGE.
The Houston & Texas
Central Railroad Company, for value receiTcd,
promises (unless this bond is sooner drawn for payment and paid) to
pay to the Central Trust Company of New York, or bearer, or, if registered, to the registered holder hereof, the sum of one thousand dollars
In gold coin of the United States of America, in the City of New York,
on the first day of July, one thousand nine hundred and thirty seven,
and to pay interest on such principal sum semi-annually, at the
rate of Ave per cent per annum, from the first day of January,
.1890, until such principal sura shall be paid such interest being payable on the first day of January and July in each year, in like gold
ooln, in the City of New York, on presentation and surrender of the
annexed interest warrants as they severally shall become due, to the
person presenting the same or, when this bond is registered and the
mterest warrants appertaining thereto canceled, to the registered
iiolder hereof, on demand.
This is one of the First Mortgage Bonds of said Railroad Company,
.secured by indenture of mortgage or deed of trust to the Central Trust
Company of New York, as Trustee, dated April 1, 1890.
This bond may at any time, upon production thereof to the said
£allroad Company, aud proper endorsement being made thereon, and
either with or without the surrender to said Railroad Company for cancellation of all unpaid interest warrants appertaining thereto, be registered upon the liooks of the Company in the name of the holder
thereof, and thereupon its transferability by delirerv shall cease, and
thereafter it can be transferred only by the registered holder or his
attorney by transfer duly made upon said books
This bond shall not be valid until the certificate endorsed hereon
^ball have been signed by the said Trustee or its successor or succes^aors in the trust, and it is issued and held under and subject to the
terms and conditions of said mortgage or deed of trust, and is subject
to being drawn for payment as therein prescribed. After six months'
default in the payment of any semi-annual instalment of Interest
liereon, the principal of all the bonds secured by said Indenture of
Mortgage or Deed of Trust may be made immediately due and payable
asprescribcd therein.
This bond is further secured by a Trust Indenture between Frederic
•P. Olcott and the Central Trust Company of New York, dated April 1,
1890, relating to certain lands therein described.
In wilness mhereof, the said Railroad Company has caused these
Itoesents to be signed by its President and its corporate seal to be affixed
thereto, and attested by its Secretary, this first day of April, one thouMtnd eight hundred and ninety.
|
;
Until default in the payment of the principal or interest of
any of the bonds secured hereby, the Trustee shall have full
power, in its discretion, upon written request of the railroad
company, to release from the lien of this mortgage any property, rights or franchises of any description which in its
judgment shall not be necessary for use in connection with
said railways. But any property which may be acquired for
permanent use in substitution for any so released and conveyed shall thereupon become subject to the lien of this mortgage. And all proceeds of sale of any property so released,
where there is no replacement, shall be applied to the purchase or drawing of bonds as provided for in the preceding
article in respect to proceeds of land sales.
ON DEFAULT FOR SIX MONTHS THE TRUSTEE MAY, AND
UPON REQUEST OF THE HOLDERS OF A MAJORITY OF THE
BONDS SHALL, TAKE POSSESSION OF THE PREMISES.
In case of default for six months in the payment of the
the performprincipal or interest of any of said bonds, or
ance of any of the covenants herein contained, the Trustee
may, and upon request in writing from the holders of a majority in amount of the outstanding bonds, shall enter upon
and take possession of aU the premises, estates, franchisee,
And
rights, privileges and
property hereby conveyed.
the Trustee shall thereupon operate the said railways, making
from time to time all such repairs or replacements as it may
deem judicious, and all such useful alterations, additions and
improvements as the income coming into its hands shall be
adequate to pay for.
All profits of said railways shall be applied to the proper expenses of operating the said railways, to the payment of aU
taxes, charges, rentals, or such liens superior to the lien of
The Houston & Texas Central Railroad Company,
these presents as may be deemed proper, and all necessary and
By
(REAL.]
proper repairs, replacements, improvements, &c., and after
President.
Attest:
Secretary.
sucn payments have been made the balance of said income
FORM OF INTEREST WARRANT.
shall be applied to the payment of the interest and principal
«25.
of the bonds, as the same may become due and payablei
Interest Warrant
ant for l^renty-flve
Twenty
DoUars, Gold, being semi-annual
Interest matnrine
OK on the first day of
upon The Houston In case the principal shall not have become due, the moneys
-A Texas Central1 Railroad Conq^any's First Mortgage Bond No
shall be applied upon the interest warrants remaining in de•Pilot due if bond drawn for preyloiu payment.)
fault, in the order of their maturity.
If the principal shall
iTreaturer.
have become due the moneys shall be applied to the payment
TRUSTEE'S CERTIFICATE.
such principal and interest pro rata, without any preferWe hereby cerUfy that this is one of the bonds Issued under the mort- of
ence or priority whatsoever.
.C*«re or deed of trust bearing date April 1, 1890, referred to thSre™
The Centrai, Trust Company op New York/
OH DEFAULT IN PAYMENT OP INTEREST FOR SIX MONTHS,
m
:
,
,
1
THE PRINCIPAL MAY BE DECLARED DUE.
Trutlee.
g
In ease of default for six months in the payment of interest
ENDORSED GUARANTY OF INTEREST BY THE SOUTHERN on any of the bonds hereby secured, the Trustee may, at its
option, and upon request in writing from the holders of a maPACIFIC COMPANY.
jority in amount of the outstanding bonds shall, declare the
For value received, the Southern Pacific Company hereby
enarftntafta
principal of aU of the said bonds to be immediately due and
the punctual payment of the Interest on the within bond
ft ^ttol
me time payable, and thereupon
andln the manner therein specified.
the principal of all of said bonds shall
in wilness whereof, said company hath caused its comnraf^ aa«i *» v»
become due and payable.
this instrum^enfto be
^,^«
ON DEFAULT FOR SIX MONTHS,
|?S?lSe"n'??2fs'""*
BE SOLD,
,
Tice-Pre»ident
.i^^X^^t^f,
The Soutbbrn Pacific Compaky.
PROPERTY MAY
In case of default for six months in the payment of the
principal or interest of any of said bonds, the Trustee may,
and upon request in writing from the holders of a majority in
•
By
-, PrtiidttU,
Fbbrcary
7,
THE CHRONICLE.
1861.)
of tho outatandiny; boiulti shall, cause the whole of the
said premises hereby coiiveyoil and all equity of redemption
of the railroad company therein, to he sold at puhlic auction
At
in the city of Now York, or tho city of Houston, Texas.
least three months' notice of tho time and nlace of such sale
ball 1)0 Kiven by advertisement in New York City, and in said
City of Houston.
C5ut of the proceeds of such sale the Trustee shall, in the
first place, pay the costs attending the sale, etc., and shall apply tne residue thereof to the payment of principal and inter«8t which shall then be owtng and unpaid upon the bonds
secured hereby, whether tho said principal, bv the tenor of
the said bonds," be then due or yet to Ixjoome due. The said
princiiial and interest shall be paid ratably in proportion to
the amounts owing and unpaid upon them respectively, and
without discrimination as between principal and interest, and
without preference of the holder of any one bond or interest
warrant over any of tlie others.
Amount
DEFAULT—JUDICIAL PROCEEDINGS.
Or, upon the happening of such events as are hereinbefore
declared, to authorize the Trustee to sell the said premises,
the Trustee may, in its discretion, take proceedings at law or
in equity to forerfose this mortgage or enforce the rights of
and thereupon said Trustee
the bondholders thereunder
shall lie entitled to have the premises hereby conveyed sold
by judicial sale under the decree of a court. In case of such
judicial sale, the net proceeds thereof shall be applicable in
like manner as hereinbefore provided in respect of the net proceeds of sale under the power of sale hereinbefore contained
and all the stipulations in this indenture with reference to a
sale of such mortgaged premises, if sold under said power of
sale, shall be applied as nearly as may be, in case of judicial
sale under the decree of the court.
No bondholders shall institute any proceedings to enforce
the provisions of this mortgage until after the Trustee has
been requested in writing to institute such proceedings and
shall have refused to take action.
:
;
APPOINTMENT OF TRUSTEES.
Any vacancy
createtl
in the office of trustee hereunder,
by resignation or otherwise,
may
whether
by the apix)intment of a new trustee or new trustees
in writing executed under the bands and seals
of the holders of a majority in interest of the bonds secured
hereby then outstanding; but the Board of Directors of the
Railroad Company may make a temporary appointment to fill
such vacancy until a permanent appointment shall be made
in the manner above prescribed.
by instruments
is an abstract of the trust indenture dated
conveying to the Trustee of the above first mortgage of the Houston & Texas Central Railroad Company as
Further security certain lands formerly covered by the Houston & Texas Central Railway Company's Main Line and Westem Division first mortgages, dated respectively July 1, 1866,
The following
1,
1890,
And December
The proceeds of land sales (after the payment of such tazM
and usessmenta on the lands
tho income shall not hav*
m
sufficed to pay^ shall be applied to the
redemption of the flnt
mortgage bonds of tho Houston & Texas Central Railroad Co,
in the manner provido<l in the mortgage securing said bondl.
[Sea abstract of said mortgage preceding this.]
All proceeds of land sales which shall oome into the pooM*sion of said railroad company as aforesaid shall be kept
separate from the other funds of said railroad company, and
a separate account shall be kept of all lands sold by it, and of
the proceeds thereof, together with the dispokition of such
proceeds, such account to im furnished to the Trustee at least
once a year, and to be open at all reasonable times to its
inspection.
default should be made by the railroad company in any
the matters required of it by this deed of trust, then
during the continuance of such default the Trustee may
refuse to execute any relea.ses of the lien hereof upon lancfa
sold, and may require the said railroad company to deliver to
it the proceeds of all land sales then in the hands of the said
railroad company, or to take such other steps or proceedings
as shall be necessary to protect fully the rights of the bondIf
of
holders.
FROM THE LIEN OF THIS MORTGAGE.
The said railroad company may from time to time sell, free
from the lien of this Trust Indenture, all or any of the lands
REI.EA8E OF LANDS
covered hereby, provided that the terms of such sales shall be
approved by the party of the third part as fair and just, and
the fact of
such approval certified to the Trustee in
writing. Such sales may be made for ca«h or on credit, or
partly cash and partly credit, and the proceeds then shall be
paid over to the said railroad company, to be applied as hereinbefore provided.
DEFAULT- APPOINTMENT OF TRUSTEES.
The remedies
in case of default in the payment of principal
or interest, as well as the provisions for the appointment of
Trustees, are substantially the same as in the railroad company's first mortgage, an abstract of which immediately precedes this.
be permanently
filled
April
243
21, 1870.
DEED, DATED APRIL I, 1990, CONVEYING CERTAIN LANDS AS
FURTHER SECURITY FOR ABOVE FIRST MORTGAGE.
PARTIES.
Frederic P. Olcott, of New York City, party of the first part;
the Central Trust Company of New York, party of the second
part, and the Southern Pacific Company, party of the third
part.
CONSOLIDATED MORTGAGE OF THE HOUSTON &
TEXAS CENTRAL RAILROAD COMPANY, DATED
APRIL 1, 1890, SECURING $5,068,000 OF 6 PER CENT
GOLD BONDS, DUE OCT. 1, 1913—ALSO TRUST
INDENTURE CONVEYING TO THE TRUSTEE CERTAIN LANDS AS ADDITIONAL SECURITY.
PARTIES.
The Houston
& Texas
Central Railroad Company, party of
the first part, and the Farmers' Loan & Trust Company of
New York, party of the second part.
PREAMBLE.
Whereas, The Railroad Company in order further to provide for discharging its indebtedness for the purchase price of
its railways, property, rights and franchises, has duly determined to issue its Consolidated Mortgage Bonds to the aggregate amount of $5,068,000 in the gold coin of the United States
of America, such bonds to be for $1,000 each, payable October
1, 1912, and to bear interest from April 1, 1890, payable semiannually at the rate of 6 per cent per annum in like gold coin,
April 1 and October 1 in each year; the said bonds to be substantially in the form following, that is to say
:
THE
PREAMBLE.
Whereas, the party of the first part desires further to secure
the said first mortgage 5 per cent bonds of the Houston &
Texas Central Railroad Company, due July 1, 1937, by a Trust
Indenture covering the lands hereinafter described.
DESCRIPTION OF LANDS CONVEYED.
Now,
therefore, this indenture witnesseth. That the party
of the first part, for and in consideration of the premises, etc., etc., doth hereby convey unto the said Trustee all
the lands which at the time of the foreclosure sale on September 8, 1888, of the property of the Houston
Texas Central
Railway Company were covered by said Company's Main
Line and Western Division First Mortgages, dated respectively
July 1, 1866, and December 21, 1870, except so far as such
lands may have been duly sold and conveyed by the receivers
appointed by the Circuit Court of the United States for the
Eastern Di-strict of Texas in the suit in which such foreclosure
sale was made.
[The Main Line and Western Division First Mortgages formerly covered in the aggregate 2,968,720 acres of land, but
some portion of this had been sold prior to the foreclosure sale
above referred to, leaving about 2,000,000 acres as additional
security for the present first mortgage bonds.]
&
PROCEEDS OF LAND SALES TO BE APPLIED TO THE
REDEMPTION OF FIRST MORTGAGE BONDS AT 110 AS IJT
8AID FIRST MORTGAGE PROVIDED.
&
Until default by the Houston
Texas Central Railroad
Company in the payment of the principal or interest of its
•aid first mortgage bonds, or in the periormance of the proisions of this mortgage with respect to the application of the
income from the lands hereby conveyed, the said party of the
first part shall be pt>rmitted to ixwsess the said premises, and
to receive the income thereof, applying the same in the first
instance to the payment of taxes and the expenses of the care
of the lands, and turning over any surplus to said railroad
•company, to be applied as hereinafter provided.
B.OND;
THE HOUSTON & TEXAS CENTRAL RAILROAD COMPANY.
$1,000
No
CONSOUDATKD MORTOAGB SiX PKB CENT GOLD BOND.
Due October 1, 1912.
The Houston & Texas Central Railroad Company, for value received,
promises (unless this bond la sooner drawn for payment and paid) to
pay to the Farmers' Loan & Trust Company, or bearer, or, if registered,
to the rei;i8tered holder hereof, the sura of one thousand dollars in gold
coin of the United State-s of America, in the City of Sew York, on the
first day of October, one thousand nine hundred and twelve, and to pay
Interest on such principal sumscmi-aunnally.attherate of six percenC
per annum, from the drat day of April. 1890, until such prlncfpal sum
shall be paid such interest belnj; payable on the first day of April and
October In each year, in like gold coin. In the City of New York, on pr».
sentation and surrender of tne annexed Interest warrants as they severally shall become due, to the iwrson presenting the same
or when
this bond is registered and the interest warrants appertaining thereto
canceled, to the registered holder hereof on demand.
This is one of the Consolidated Mortgage Bonds of said Railroad Company secured by indenture of mortgage or deed of trust to tha
Farmers' Loan & Trust Company, as Trustee, dated April 1, 1890.
This bond may at any time, upon production thereof to the said Railroad Company, and proper endorsement being made thereon, and
either with or without the surrender to said Railroad Company for cancellation of all unpail interest warrants appertaining thereto, be registered upon the books of the company in the name of the holder
thereof, and thereuiHin its transferaliillty by delivery shall cease, and
thereafter It can be transferred only by the registered holder or bis attorney, l>y transfer duly made upon said books.
This bond shall not be valid until the certificate endorsed hereon
shall have been signed by the said Trustee, or Its successor or succes*ors In the trust and it is Issued and held under and subject to tha
tenns and conditions of said mortgage or deed of trust, ana is subject
to l)elng drawn for payment as therein prescribed. After six month*'
default In the payment of any semi-annual Instalment of intereat
hereon, the prlncijial of all tho bonds secured by said indenture at
mortgage or deed of trust may be made Immediately due and payabia
;
;
;
as prescribed therein.
This bond is further secured by a Trust Indenture between Frederls
P. Olcott and the Farmers' Loan A Trust Company, dated April I,
1890, relating to certain lands therein described.
In teittifsn irhrrrof, Thesaid Railroad Company has caused these preaenta to be signed by its President, and Ita corporate seal to be alHxad
hereto, and attested by its Secretary, thia first day of April, one thousand eight hundred and ninety.
:
THE CHRONICLE
244
from the proceeds of land sales until default is made on
the bonds
other bonds of this issue and the principal of all
provided. Kut
issued hereunder declared due as hereinbefore
upon the happening of such events said bonds so held as colinterest, and shall
lateral security shall be entitled to draw
as the other
thereafter be treated in all respects the same
COMPANT.
THE HODSTON A TEXAS CENTRAL RAILROAD
By
tion
President.
,
(8EAL.]
Attest
,
Secretary.
bonds of this
FOKM OF INTEREST WARRANT.
^Mortgage Bond No.
Ka^^^^ 'ci^mpany's Consolidated
^^^ ^ ^^^^ ^^^^^ ^^^ p revious pay ment.)^^^^
RauS
FORM OF TRUSTEE'S CERTIFICATE,
.^ro? ^l^^^^l ^ "IP- t Tl9Sf rT.^^ea-t^
"*
THE PAKMEB8' LOAN & TRUST COMPANY,
'
Trustee.
By
,
President
SOUTHERN
ENDORSED GUARANTY OF INTEREST BY THE
wnrT^liie received,
tefs the
PACIFIC COMPANY.
hereby euaranTlie Southern Pacific Company
pancmiT payment of tHe
interest
on the witbin bonS
at the
seal
"rr«US,'''X:Srsaw'comp^anTha^^^ caused itsbycorporate
its President
to'bererX rfflxcTind tUis in?tru^nt to be signed
or Vice-Piesident this
issue.
PROVISIONS IN CASE OF DEFAULT AND FOR THE APPOINTMENT OF TRUSTEES.
The provisions in case of default in accordance with which
;
gold, ^^eingsejni-annna,^ interest
'"interest Warrant for tWrtydoUars,
fte^Ss^'cJntral
Texas Central
fVoL. LII.
^^rSoCTBERN PacIkic Company,
By
President.
the priRpossession may be taken of the property mortgaged,
property be sold,
cipal of the bonds be declared due, the
for the
judicial proceedings be taken, as also the provisions
the abstract of
appointment of trustees, are as set forth
July 1,
the first mortgage (securing the 'J per cent bonds, due
m
1937.) already
given
m a preceding column.
The foUowing is an abstract of the Trust Indenture dated
consoliApril 1, 1890, conveying to the Trustee of the above
Texas Central Railroad
dated mortgage of the Houston
Company, as further security therefor, certain lands formerly
s
covered by the Houston & Texas Central Railway Company
consolidated mortgage dated October 1, 1873, etc.
&
DEED D\TED APRIL 1. 1890. CONVEYING CERTAIN LANDS AB
FURTHER SECURITY FOR SAID CONSOLIDATED MORTGAGE.
,
PARTIES.
PROPERTY CONVEYED TO THE TEUPTEE.
first
Frederic P. Olcott. of New York City, party of the
the Trustee hy this into
conveyed
property
railroad
The
York,
the Farmers' Loan & Trust Company of^ New
in the Railroad Compa- part
described
that
as
same
the
is
denture
Pacific Company,
cent bonds due July 1, party of the second part, and the Southern
ny's first mortgage securing the 5 per
As to the lands party of the third part.
this.
1937, an abstract of which precedes
PREAMBLE.
immedifurther security, see the trust indenture
;
pledged as
Whereas, the party of the
ately follovring this abstract.
first
part desires further to se-
MORT- cure the said consolidated mortgage 6 per cent bonds of the
PROCEEDS FROM SALES OF LANDS ON WHICH THIS
RE- Ho'iston & Texas Central Raih'oad Company due October 1,
GAGE IS A FIRST LIEN TO BE APPLIED TO THE
lands hereinafter deDEMPTION OP BONDS HEREBY SECURED AT 110; BONDS 1912, by a Trust Indenture covering the
PURCHASABLE.
scribed,
NOT
IF
CALLED
BE
TO
possession of
LANDS CONVEYED TO THE TRUSTEE
All cash proceeds which shall come into the
Septemthe raUroad company from sales made subsequent to
Now, therefore, this indenture toitnesneth. That the party
Main Line and
premises, etc.,
ber 8, 188«, of lands formerly covered by the
of the first part, in consideration of the
Western Division Consolidated Mortgaee of the Houston & etc doth hereby convev and confirm unto the said Trustee
shall
foreclosure saJe on
Texas Central Railway Company, dated October 1, 18p,
all the lands which at the time of the
of bonds
Houston & Texas
be applied by the railroad company to the purchase
September
8, 1888, of the property of the
and ac8
secured hereby at the marlcet rates, not exceeding 110
Central Railway Company were covered by said Company
crued interest.
Line and Western Division Consolidated Mortgage,
Main
,
^
j i
at
or
beof
In the event that such bonds cannot be purchased
dated October 1, 1872. Also all the lands and property
low the said rate, the railroad company fhall at least once m every description acquired by the party of the first part at the
to
be
mortgage
this
to the said
each year draw by lot bonds secured by
said foreclosure sale and not heretofore conveyed
of 110
paid for out of such proceeds of land sales, at the rate
Houston & Texas Central Railroad Company which werecovinterest
thereon,
accrued
Mortper cent of the par valuethereof, and
ered by the Waco & Northwestern Division Consolidated
and the bonds so drawn shall cease to bear interest from and gage, dated May 1st, 1875, and which were not subject to the
i.
,
after sixty days' public notice of such drawing.
Bonds so purchased or drawn, and the interest warrants appertaing thereto, shall be canceled.
™ ,
,
^ ^ ^,
[An abstract of the deed conveying these lands to the Trustee
abstract.]
this
immediately
follows
RELEASE OF PROPERTY FROM THE LIEN HEREOF.
Northwestern Division First Mortgage, such lands
being situated in the Counties of Hansford, Howard, Glasscock, Kent, Mitchell, Tom Green, Ward and Loving.
Also all other rights, interests and equities (if any) which
have been acquired under said foreclosure sale by the
party of the first part in the franchises and property ot
Waco &
Property is to be released from the lien of this indenture on said Waco & Northwestern Division, and which have
heretofore, or simultaneously with the executioii
the same conditions as laid down in the first mortgage on the not
said
jr
railroad above, the proceeds of sale of an property released, hereof, been conveyed by the party of the first part to
where there is no replacement, to be applied to the redemp- Houston & Texas Central Railroad Company. Also all the
part at
tion of first mortgage bonds so long as any of said bonds are town lots which were acquired by the party of the first
outstanding, and then to the redemption of the consolidated the said foreclosure sale of the Houston & Texas Central Railmortgage tionds hereby secured. This redemption shall be by way, and not heretofore conveyed to the said Houston &
purchase if the bonds'be purchasable at or under 110 and in- Texas Central Railroad Company ; except so far as such lands
terest; otherwise after drawing by lot at the rate of 110 and or town lots hereinbefore menti )ned may have been duly sold
interest.
and conveyed by the receiver or receivers appointed by the
OF THE $5,038,000 BONDS HEREBY SECURED $1,149,000 ARE Circuit Court of the United States for the Eastern District of
TO BE DEPOSITED AS COLLATERAL SECURITY FOR THE Texas, in the suit in which such foreclosure sale was made.
[The Main Line and Western Division consolidated mortgage
GENERAL MORTGAGE BONDS.
mortgage were
Of the $5,068,000 bonds secured by this mortgage, bonds for and the Waco & Northwestern consolidated
of 1,913,600 acres, but
$1,149,000 shall be delivered to the Central Trvist Company of a first hen originally on a total acreage
New York, as Trustee, under the reorganization plan of the some portion of this was sold prior to foreclosure, leaving
for the
Houston & Texas Central Railway Company, dated December something over 1,000,000 acres as additional security
20, 1887, to be disposed of as provided by said agreement, preeent issue of bonds.
that is to !>ay :
Until the consolidated mortgage bonds of the Houston &
Texas Central Railway Company for 81,149,000 now held by
the Trustee under the general mortgage of the said
railway company shall have been surrendered, the
Central Trust Company of New York shall hold the said
$1,149,000 of bonds of this issue as collateral security for the
feneral mortgage bonds. And as Boon as the said consolimortgage bonds of the railway company shall have
been surrendered, ox the lien thereof extinguished, the said
Central Trust Company of New York shall deliver the said
81,149,000 of bonds of this issue to the Metropolitan Trust
iLiv K^^^,y
Company VI
K.Ajuiyiiuy
of the
City ui.
of New
i^ew York,
xui&, n»
as Trustee,
iiubi«ti, under
uijuer the
ine gen
general mortgage of the party of the first part
it being intended
that the said last-mentioned general mortgage bonds shall
have the benefit of the said $1,149,000 of bonds of this issue
in lieu of all benefit which they would have by reason of the
consohdated mortgage bonds of the railway company, now
held by the Farmers' Loan
Trust Company, as aforesaid.
The said $1,149,000 of bonds of this issue shall be held only
aa ooUateral spcurity for the said general mortgage bonds,
and shall not draw interest or be subject to redemp-
a^
;
&
PROCEEDS OF LAND SALES TO BE APPLIED TO THE KEDIMPTION OF CONSOLIDATED MORTGAGE BONDS AT 110, AS IN
THE CONSOLIDATED MORTGAGE PROVIDED-RELEASE OF
LANDS FROM THE LIEN OF THIS INDENTURE.
The provisions in this deed respecting the redemption of
consolidated mortgage bonds with the proceeds of laud sales
deed
are substantially the same as the provisions in the trust
following the first mortgage for the i-edemption of the turst
mortgage bonds. The provisions concerning the release ot
the
lands from this lien of this indentiu-e, are also substantially
same as there laid down. See abstract of said trust deed on a
preceding page.
DEFAULT -APPOINTMENT OF TRUSTEES.
in this deed in case of default in the payment
bonds, as
of principal or interest of the consolidated mortgage
are
well as the provisions for the appointment of Trustees,
the
substantially the same as the corresponding provisions
cent
railroad company's first mortgage securing the 6 per
bonds due July 1, 1937, an abstract of which will be found
The remedies
m
m
a preceding column.
IrnHCARY
7,
THE CHRONICLE.
18H.J
OENKRAI. MOUTOAOE OK THE HOUSTON & TEXAH
CENTRAL RAILROAD COMPANY, DATED APRIL \,
railroad above, and the pro<',eed» of sale where there is ni>
replacement are to ixs applied to the purchase or drawing of
the flrst mortgage l)ondH and the consolidated mortgage bonds
of the railroad company as provided in the mortgagee securing
such Ixmds respectively.
PER CENT GOLD
TRUST INDENTURE OF SAME DATE CONVEYINO TO THE TRUS- PROVISIONS
TEE CERTAIN LANDS AS ADDITIONAL SECURITY.
SECURING
1890.
OF
$4,3^,000
BONDS, DUE APRIL
I,
4
1921— ALSO
PARTIKS.
The Houston & Texas Central Railroad
and tlie Metropolitan Trust Co. of
Hn»t part,
of the second part.
Co., party of the
New
York, party
PUKAMBLK.
246
DEFAULT AND FOR THE APPOINT
MENT OF TRUSTEES.
IS CASE OF
The provisions in case of default in accordance with which
IXMsession may t>e talcen of the proi>erty mortgaged, the principal of the bonds be declared due, the property be sold,
judicial proceedings be taken, as also the provisions for the
appointment of trustees, are as set forth in the abstract
already given in a preceding column of the first mortgage
securing the 5 per cent bonds, due July 1, 1937.
miereas. The Riiihroad Company further to provide for
for the purchase
its indebtedness and obligations
CONSOLIDATED MORTGAGE BONDS FOR $1,149,000 ARE TO
price of its railways, property, rights and francliises, has
BE DEPOSITED AS COLLATERAL SECURITY FOB THIS ISSUE
detomiined to issue it^ general mortgage bonds to the ag^reThe $1,149,000 of consolidated mortgage bonds which are to
gatti amount of $4,305,000 in the gold coin of the United
States of America, such bonds to be for |1.000 each, payable be delivered to the Central Trust Company, as Trustee, under
on April 1, 1931, and to boar interest from April 1, 1890, pay- the reorganization plan of the Houston & Texas Central Railable semi-annually at the rate of 4 per cent per annum in like way (Jonipany, dated December 20, 1887, shall be held only as
gold coin on April 1 and October 1 in each year, the said collateral security for the bonds hereby 8e<;ured, and the probonds to be substantially in the form following, that is to say: ceeds thereof under any foreclosure sale or other liquidation
of such security shall be applied towards the payment of the
TIIK BOND
$1,000 bonds hereby secured, but said
»1.000
$1,149,000 of con.solidated
UNrfKIJ .STATES OF AMKRICA.
mortgage bonds shall not draw interest or be -subject to reHOUSTON A. TEXAS CENTRAL RAILROAD COMPANY.
demption from the proceeds of land sales until default is
No.
No.
made on other bonds issued under said consolidated mortgage
Oeneral Mortoaob Four Per Cent Gold Bond.
and the principal of all the said consolidated mortgage bonds
Due April 1, 1921.
declared due, etc., etc., as in said consolidated mortgage
The Bonston A Texas Central Railroad Company, for ralue received, provided.
payinfi:
promises to pay to the Mptroi)olllau Trust Company of the City of New
York, or bearer, or. If ri'»;i8tcred, to the reglatercd holder herci>f. the
of
one thoiisuud dollars In gold coin of the United
City of
New York, on the
of
Amerien,
In
the
States
thousand
nine
hundred
April,
one
ivnd
first
day
of
twenty-one, and to pay Interest on such principal sum senii-anDually,
at the rate of four per cent per anniun, from the first day of April.
1890, until such principal sum shall be paid, such Interest being payable on the first day of April and (October In each year in like gold coin.
In the City of New York, on presentation and surrender of the annexed
Interostlwarrants, as they .severally shall become due. to the person
presenting the same, or, when this bond Is registered and the Interest
warrants appertaining thereto canceled, to the registered holder
hereof, on demand.
This is one of the general mortgage bonds of said Railroad Company
secured by indenture of mortgage or deed of trust to the Metropolitan
Trust Company of the City of New York, as Trustee, dated April 1,
sum
1S90.
This bond
may at any time, upon production thereof to the said RallComp.iny, and proper endorsement being made thereon, and
either with or without the surrender to said Railroad Company for
cancellation of all unpaid interest warrants appertaining thereto, be
registered upon the books of the Company in the name of the holder
ttiereof. and thereupon its transferability by delivery shall cease, and
thereafter 11 can be transferred only by the registered holder or his
attorney, bv transfer duly made upon said books.
This bond shall not be valid until the certificate endorsed hereon
shall have lieen signed by the said Trustee, or its successor or successors in the trust, and It is Issued and held under and subject to the
terms and conditions of said mortgage or deed of trust. This bond Is
further secured by a trust indenture between Frederic P. Oloott and
the MetroiMilitan Trust Company of the City or New York, dated April
1, 18!tO. rclatinc to certain lands therein described.
In ipitn^s-f ithfrrof, the said Railroad Company has caused these presents to be signed by its President, and Its corporate seal to be atflxed
hereto, and attested bv Its Secretary, this first day of April, one thour*»ad
sand eight hundred and ninety.
The Houston & Texas Central Railroad Compant,
By
ISIAL.]
,
President
Attest:
Secretari/.
INTEREST WARRANT.
The
said interest warrants bearing the engraved signature
of the Treasurer of the Railroad Company being as follows:
«20.
Interest warrant for twenty dollars, gold, being semi-annual inter«3t maturing on the first day of
upon The Houston & Texas
<Vntral Railroad Company's General Mortgage Bond No.
,
Trcaturer.
further security therefor, certain lands formerly belonging to
Houston
& Texas Central Railway
Company.
DEED DATED APRIL 1, 1890, CONVEYINO CERTAIN LANDS
AS FURTHER SECURITY FOR SAID GENERAL MORTGAGE.
Frederic P. Olcott, of New York City, party of the flrst
part the Metropolitan Trust Company of the City of New
York, party of the second part, and the Southern Pacific
Company, party of the third part.
;
PREAMBLE.
Whereas, The party of the
first part desires further to
secure the said general mortgage 4 per cent bonds of the
H'-/tiston & Texas Central Railroad Company due April 1,
1931, by a trust indenture covering the lands hereinafter
described.
LANDS CONVEYED TO THE TRUSTEE
Now
therefore this indenture witnesseth, That the party
of the flrst part, for and in consideration of the premises,
doth hereby grant and confirm unto the said Trustee all the
lands and town lots which were acquired by the party of the
first part at the said foreclosure sale of the Houston
Texas
Central Railway, and which have not heretofore, or simultaneously with the execution hereof, been conveyed by the party
of the first part to the said Houston
Texas Central Railroad
Company, except so far as such lands may have been duly
sold and conveyed by the receiver or receivers appointed by
the Circuit Court of the United States for the Extern District
of Texas, in the suit in which such foreclosure sale was made ;
subject, however, to the respective liens of the trust indentures (abstracts of which are given in preceding columns)
both dated April 1, 1890, made respectively to the Central
Trust Company of New York and the Farmers' Loan
Trust
&
&
&
Company.
APPLICATION OF PROCEEDS FROM LAND SALES -NO GENERAL MORTGAGE BONDS TO BE DRAWN-OTHER PROVISIONS.
TRUSTEE'S CERTIFICATE.
The Trustee's
The following is an abstract of the trust indenture dated
1, 1890, conveying to the Trustee of the above general
mortgage of the Houston & Texas Railroad Company, as
April
Land on which the
first mortgage and the consolidated
mortgage bonds have a prior lien may be sold in accordance
with the deeds securing said bonds. All other lands and town
iherein.
lots may be sold, provided the Southern Pacific Company
Metropolitan Trust Company of the City of New York, Trustee.
approves the terms, and the proceeds be applied to the purBy
President
ENDORSED GUARANTY OF INTEREST BY THE SOUTHERN chase of bonds secured hereby at the market rates, but not to
exceed par and accrued interest, except at the company's
PACIFIC COMPANY.
In case the railroad company, after advertising,
For value received. The Southern Pacific Company hereby guaran- option.
tees the punctual payment of the Interest on the within bond at the shall be unable to purchase any of such bonds at or below the
time and In the manner therein specified.
par value thereof and accrued interest thereon, then, unless it
In Kilnris irhrrrof, said Company hath caused Its corporate seal to
be hereto atlixed aud this instrument to be signed by Its President or shall elect to purchase bonds at a higher rate, it shall pay over
all cash proceeds then in its possession from such sales to the
Vice-President this
day of
189
Trustee, who shall hold and invest the same for the lienefit of
The Southern Pacific Company,
By
-, President.
the holders of the lx)nds secured hereby. The Trustee herePROPERTY CONVEYED TO THE TRUSTEE.
under shall at all times, upon demand of the railroad comThe railroad property conveyed to the Trustee by this in- pany that the same shall be done, invest all the proceetls of
<lenture is the same as that described in the railroad com- land sales which may be at any time in its possession in the
pany's first mortgage (securing the 5 per cent bonds due July purchase of bonds secured hereunder at the market rates.
I, 1937), an abstract of which will be found in
All such bonds so purchased and the interest warrants
a preceding
column. This mortgage also covers " all the other property of appertaining thereto shall be canceled.
the railroad company." As to the lands pledged as further
DEFAULT-APPOINTMENT OF TRUSTEES.
security, see the trust indenture immediately following this
The remedies in this deed in case of default in the payment
alwtract.
See also provision further on in this abstract for
the deposit of $1,149,000 consolidated mortgage bonds as of principal or interest of the general mortgage bonds, as well
as the provisions for the appointment of trustees, are substancollateral security.
tially the same as the corresponding provisions in the railroad
RELEASE OF THE PROPERTY FROM THE LIEN HEREOF.
comi)any"s first mortgage securing the 5 per cent bonds due
Property is to be released from the lien of this indenture on July 1, 1937, an abstract of which will be found in a preceding
the same conditions as laid down in the first mortgage on the column.
certificate
being as follows:
We
hereby certify that this is one of the bonds Issued under the
luortunge or deed of trust herring date April 1, lij«0, referred to
,
,
.
...
THE CHRONICLE.
246
Friday. P. M.. February 6, 1891.
as indicated by our telegram
from the South to-night, is given below. For the week ending;
this evening the total receipts have reached 160,848 bales,
The Movement of the Crop,
1891.
6,
There has been a notable absence of important events
during the week under review. The weather has been more
against 195,103 bales last week and 178,943 bales the previous
week, making the total receipts since the 1st of Sept., 1890,
5,422.507 bales, against 5,102,678 bales for the same period of
1889-90, showing an increase since Sept.l, 1890, of 319,829 bales.
wintry, but it is now milder, and communications by rail and
Mon.
Receipts at—
Sat.
wire are nearly restored. Congress is proceeding quietly with
taxation
local
affecting
4,£71
bills
Galveston
2,093
regular business. Important
El Paso, &o...
have been brought forward at Albany before the State LegisOrleans... 17,134 4,358
New movements to promote free coinage of silver New
lature.
Mobile
2,407 2,623
have been attempted, but the action to-day in the House,
Florida
made
supporting the ruling that an amendment for free silver
Bavannah
3,506 5,995
to an appropriation bill was out of order, would seem to be
Brunsw'k, &e.
fatal to any action with regard to silver at this session.
Ciharleston
1,849 4,993
The following is a statement of stocks of leading articles of
PortRoyal,<feo
merchandise at dates given:
VFUmington
653
512
1890.
1891.
Feb.
I.
Wa8li"gton,&c
Norfolk
Feb. 1.
West Point...
Pork
lATd
bbls.
tC8.
Toba«co, domestlo
Tobacco, foreign
Coffee, Klo
Coffee, other
Coffee, Java, Ac
Bugar
Sugar
Bogar
Helado
lilids.
bales.
bags.
bags.
mats.
--
Molasses, foreign
Molasses, domestic
bales.
bales.
bales.
sacks.
54,.'>00
2,707
5,500
2,707
5,187
2''2,800
278.300
Spirits turpentine
Im
bags.
pkgs.
Kloe, E. I
Bice, domestic
Saltpetre
Jute butU
Manila hemp....
hemp
hblB.
i>7
None.
17,725
160
1,823
4,750
521,200
134,663
2«,433
4,260
1,696
35,000
5,000
None.
7,500
70,000
None.
14,600
314.675
Il,0(i0
bales.
bbls.
bbls.
bbls.
Cotton...
and
32,805
47,609
200,493
21,311
66,837
728
bags.
No.
Hides
Flour
3:^,070
...bags.
bbls.
Bosin
Blaal
15,446
66,812
24,916
32,370
150,230
6,076
62,081
None.
244,446
None.
None.
20,000
625,800
113.879
24,737
2,283
912
5,000
5,000
None.
13,500
52,000
boxes.
bags, &o.
bids.
hhds.
Xilnseed....
23,9'*8
654
None.
238,163
None.
677
17,500
617,200
93,638
25,986
3,102
775
17,980
2,920
None.
lilids.
...
25,034
50,316
25,259
33.5S8
157,945
13,085
58,300
;
DAILT OIXMINO FKICE8 OF LABD FtrTUBBB.
February delivery
c.
March
c.
delivery
April delivery
May delivery
June delivery
July delivery
Sal.
afon.
luet.
Wed.
610
6-10
6-16
6-06
6-12
6 23
606
612
o.
o.
6-18
6-28
6-36
6-47
c.
....
c.
626
6-34
6-45
630
6-43
6-51
6-22
6-29
6-40
6-50
Thur,
e'Yi
6-24
6-33
6-55
Fri.
February
l«-95e.
16-65o.
16-400.
May
I
16'15o.
August
—
Seceipls to
Feb. 6.
Galveston
EI Paso.&o.
. .
New Orleans.
MobUe
Florida
..
Bruns., &c.
Charleston ..
P.Koyal,Ae
Wilmington
Wash'tn.&c
Norfolk
West Point.
NwptN.,&c
Baltimore.
Phll'del'a,
..
..
&c
Totals
;
;
6,194
50,980
692
391
7,788-
8,529
1,430
9,253
245
2,341
4,026
2,830
2,418
1,181
1,892
2,730
261
552
554
234
464
102
2,950
102
1,102
1,058
1,323
627
930
3,407;
101
2,199
17
2,199
1,606
2,062
1,047
1,456
1,402
1,723
1,806
1,417
1,344
1,801
225
829
149
647
605
2,969-
16,420
10,433
1,058
9,414
2,800
3,313
142
195
22,280
2,418
12,935
3,582
3,188
1,543
686
195
52
1889-90.
1890-91.
Since Sep.
1, 1890.
This
Week.
This
Week.
Slock.
Sitice
1,
,Sfep,
1891.
1889.
1890.
773,939
16,193
77,530
50,644
48,712 1,709,126
6,468 224,383
21,125
822
16,218 852,701
147,917
3,987
3,154 299,192
1,768
1,610 126,743
38
3,707
14,216 361,126
9,574 288,919
43,111
2,734
74,665
4,193
50,152
3,673
57,650
3,594
47,261
3,457
348,169
46,635
276,20»
26,092
95,950
11,108
55,453
63,636
13,624
27,029
20,761
12,177
45,995
18,349
9,093
119,294
51,104
16.500
9,263
3,989
11,000'
160,848 5,422,507 140,253 5,103,678
877,989
691,514.
852,463
19,869
1;,606,020
245,424
33,977
195
22,280 898,600
2,418' 156,779
12,935 387,229
625
2,969 168,449
102
3,565
16,420 512,544
10,433
274,349
1,058
56,793
9,414
65,571
3,407
62,600
44,925
2,199
1,606
32,725
14,861
1,783
50,980
7,788
15,854
1,949
6,62T
127,637
10,93S
14,806.
In order that comparison may be made with other years,
give below the totals at leading ports for six seasons.
Bavannah.
1890.
1891.
Receipts al-
GalT'Bton,&c
Ne-w Orleans
Mobile
..
C!harrBt'n,&c
Wilm'gt'n,&c
Norfolk
Wt Point, Ac
I
;
14,861.
1,783
For comparison we give the following table showing the
week's total receipts, the total since September 1, 1890, and
he stock to-night, compared with last year.
Boston
15-45C.
June
Total.
1,769
1,783
5,512
2,390
Totals this week 36,266 30,8601 25,409 21,324 21,685 25,304 160,848:
6-09
6-19
6-27
6-39
6-51
15"95o. September
1500o.
July
15-70C. Deceaober
13'90c.
showing an advance for the week of 35@40 points.
Raw sugars are very sparingly offered and are dearer at 5c.
for fair refining muscovado and 5 ll-16c. for centrifugal of
96 deg. test; but business at the close is very dull. Refined
sugars meet with a good demand at 6 9-16c. for crushed and
CJ^c. for granulated, showing a material advance. The tea
sale went off at steady prices, and to-day a good business was
done at private sale.
Kentucky tobacco has been quiet, the sales being limited to
150 hhds. The movement in seed leaf has continued on a
liberal scale, amounting for the past week to 3,550 cases,
as follows:
900 cases 1888 crop, Pennsylvania seed, p. t.;
600 cases 1889 crop, Pennsylvania seed, 93^c.to 12}^c.; 400 cases
1889 crop, Pennsylvania Havana, 13c. to 30c.; 850 cases
1889 crop, Wisconsin Havana, 9c. to 12i^c. 150 cases 1889
crop, New England Havana, 16c. to 50c.; 150 cases 1889 crop,
State Havana. 14c. to 21c.; 150 cases 1889 crop, Ohio Spanish, 18c. to 16c., and 150 cases sundries, 7c. to 35c.; also
600 bales Havana, 68c. to $1 15.
On the Metal Exchange Straits tin sold to-day at 20-15c. for
June, and was quoted at 20'05c. on the spot, closing dull.
Ingot copper entirely nominal.
Domestic lead cheaper, closing quiet at 4-40c. Refined petroleum is quoted at 7-45c. in
bbls., 9-45c. in cases and 4-90c. in bulk
naphtha, 7c.
crude,
7-lOc. in bbls. and 4-55c. in cases ; crude certificates advanced',
and closed at 78J^c. Spirits turpentine is firmer, but quiet, at
^%(ii\Mc. Rosins quiet but steady at $1 42}^®, 1 45 for
strained. Wool in good demand. Hops steadier.
April
Fri.
1,887
3,964
2,026
Philadelph'a,&c
New York.
also included considerable lines of Santos at 18^c. for No. 4,
17Jic. for No. 8 to arrive and 17%(»17 9-16c. for No. 7 to arrive.
Mild coffees are quiet. Rio options have been more
active, and to-day there was a good demand from the
"shorts" to cover contracts. The close was steady, with sellers
as follows:
March
New York
Boston
Baltimore
604
Pork has been more active and a good business has been
done in cutmeats. Tallow is firmer at 4^c. Cheese also
doing better at 9@10%c. for State factory, full cream.
Coffee on the spot is a little firmer, with a good business
to-day in No. 7 Rio at 1734@17%c. The transactions to-day
Tfiurs.
1,851
N'wp'tN'8,&c.
Bavannah.
Lard on the spot has been only moderately active prices
have not varied widely, and yet there was an unsettled tone,
closing with a moderate demand at 5-60c. for prime City and
6'05@6-07}^c. for prime Western, with refined for the Continent quoted at 6@ 6 •40c. The speculation in lard for future
delivery was active at times, with prices sympathizing largely
with the course of the grain markets. Closing was weak.
Wed.
Tues,
m
1891.
Jan. 1.
Ul
COT TON.
^ommtxcml %imts.
COMMERCIAL EPITOME.
^Itje
Friday Night, Feb.
[Vol.
AI' others
TotthlBweek
16,644
50,980
7,788
22,280
12,935
3,071
16,420
11,491
19,239
17,803
48,712
6,468
16,218
3,154
1,648
14,216
12,308
19,726
160,818
140,253
11,239
38.239
4,528
14,673
7,699
1,906
7,429
20,926
19,708
126,3i:
1886.
1887.
1888.
1889.
we
5,333
43,278
3,421
8,454
39,831
8,626
5,997
1,912
5,521
12,498
12,997
9,745
4,685
1,056
13,427
9,328
17,762
99,583
108,257
3,969
12,400-
40,315
7,996
13,902
8,389
1,177
9,598
4,970
7,045.
105,792.
BlnceBept.l. 5422,507 5102,678 4600,714 4682,736 4594,639 4341,456
"the exports for the week ending this evening reach a total
of 176,845 bales, of which 99,942 were to Great Britain, 11,494
Below are
to France and 65,409 to the rest of the Continent.
the exports for the week, and since September
Week Ending Feb.
6.
Great
Oonti.
Brit'n. Franct nent.
/Veia—
Gahreaton
13.990
New
23,611
Orleans.
2.350
Total
Brunswick
—
—
16.340
li.Wb' 47.324
West
N'portNws. Ac
New
6,971
8.300
11.271
6,654
3,72l|
4.672
5.200
9,836
10,375
14.608
9.S70
4.770
a,ti9
li,12e
Point....
York...
Boston
Baltimore...
4,980'
3.864
9M
2.038
1.792
Total
4.980
3,116; 20.937
U.oee!
Phlliidelp'a.Ac
Total. 1889-(»0.
20.215
3.861
16.857
2.959
11,404
9,176
1.
ereat
Week. Britain. Franet
Mob.&Penc'la
Cbarleston
Wilmington...
Norfolk
"
1, 189t).
1890. to Feb. 6, 1891.
Sxported to
Sept.
Barported to—
Bxvoru
^Tannah
lYmn
4.025
13.000
423.577 21.933
568,18«|S0».T60
71,058
110.942 32.928
91.278
1(1.685; 16,330
1.647
79.428
211.766 11.549
97.416
32.131
261.162 21,694
103.107
44,230
13.381
—
OOnttn«nt.
ZWoI.
633.715
90.205
365.719 1,251,646
71.058
327.917 471,787
162.217
56.880
37.300
109.458
280.242
137.955
260,615
24.531
121.977
116.797
3.974
44.658
1.656
32.131
398.553
107.081
100.121
15.036
18.180
ss,4oe 176,848 2.197,337 429,774 1.269,263 3.896.374
41.793 112.853 2.103.904 422.796 1.179.971 «.T06.67«
.
—
Fbbbuasy
«
8
11
«
I
THE CHRONICLE.
7. 1891.J
In addition to above exports, our telegrams to-night also
give us the following amounts of cotton on shipboard, not
add similar flguros for
Seared, at the jxirta named.
New York, which are prepared for our special use by Messrs,
Lambert. 31 Beaver Street
Oarey, Yale
217
TBS Sales and Psioes or Futueks are shown by tbe
foUowioK oomprehenaive table:
We
&
Leaving
reb.aat-
Ortat
Britain.
Kew Orleans...
16.911
3.000
H.HOO
5,400
20.552
24.000
2.300
45.000
11.783
Total 1891... 105.763
15,133
93.013
72,587
7,109
18.860
Mobile
Charleston ....
Savannah
Galveston
Norfolk
New York
Other ports
Ooatt-
outer
France. Foreign
None.
None.
2.000
None.
None.
1.350
None.
1.603
26,524
None.
18.000
11,700
4,423
Stock.
Total.
wi$e.
None.
.500
20t,34M
43,635
28.353
66.821
3.000
27.100
22,000
29,504
30,500
6,450
1,.500
2.900
4.529
5,000
2,800
15,000
None.
None.
40,000
13,495
112.841
49,063
79,947
14,532
215,375
662.614
59,678
41.188
21.963
29.786
IS 1,79:1
162,121
509.7-,!
73,«.VI
48,02<l
^
•4
Total 1890...
Total 1889...
1
1
I
747,276
1
I
0000
^
uu
''
;
;
cii
"i
6<>g
6"i«
7»a
71 ig
8
7»*is
86,,
8lli6
8%
6^
9H
IiOwMiddllnir
Strict
non Toe* Wed Tb.
Sat.
Low Middling
Wddllni?
9l„
9>4
OoodHiddllD^
Good Middllne
•BddUngFalr
9l4,« 9%
lOJis lOifl
lOliif IO'b
Strict
Fair
1138
GtJLF.
y
813,,
8%
8%
93,8
9»t6
916
9I3
8
Middling
".
MlddlinK
Uc od Middling
Btnct Good MlddUng
MlddUngF»ir...Trr7;
1«
8B'
8Si,
8ilie
85|9
8'Ms
914
9%
9%
9%
10 >«
10 la
lO'a
ll^S
1138
lO'a
lO's
1138
lO'a
IO'h
1139
ICs
9%
STAINED.
-ie
6T18
7>i8
7i»l«
8^1
Low Middling
Midf^ling
I
MARKET AND
total sales of cotton
8%
8%
8%
6%
7
7
7
7'*
7'8
SU,,
811,8
7^8
81'l8
Ex-
Teui...
237
333
227
u
uo
009
IM
'86
141
155
86l
1,?27
....
covoco
<e<c
lotc
^
2
*«»:
M
I
2
"«
M<C
teso
5
MU
MO 2
"^
I
61.-^;
2
''
»?
lOCCOtO
2
»
''
w«:
t0tDO9
MM®hi
to
ts<o
»0-
M<IM'<
totooco
if
2
I
•.«;
CO
COCOOCO
«M®«
coco
^
iiicb
2
"^
I
«.-^;
-J
COCOOCO
MtO
"^
«.*:
<0
tccooto
oco
9
00-4
etc
5
tiio
2
1
OW
1
O
5'
MM
1
2
CDO
C5
tcto
'^
coco
1
«=;
UM ^
2
IJ
2
coco
loto
0000
I
1
tecoQco
toto®to
8
2
**
:
CO
to
I
'
I
6
coo
toto
a
:
I
7
7''»
811,8
811,8
Sates 0/
Future*.
Total.
6.^,000
99.200
4<i.50O
92,200
426,900
too 1
MIO 2
0~JM"<
uu Ml2
M
^
tcto
to
tocOOO
COCO
toto
UM*M
tco -I
or:
1
I
CO
Mifc'^M
COCOOCO
MM*M
X
I
tOCOQCO
1
COCOOCO
<)CX>
(
M
Si
le
CtO
5
coco
5
2
''
tOM
S
'
To
9.";
00
f
COCOOCO
COCOOCO
MtO^tO
*JO O
tOfcO®tO
MM M
«:
CO.
to'
*^
2
•<
icio
MM
I
•.»!
COCOOCO
toto^to
I0«-
u
2
><
la'
2
mCD
00
coco
5
2
"l
s
"
•^S
toco
I
»
l«
:
OD
COCOOCO
t«to*to
MU O
ccco
toto
tote
«.»:
I
i
ecooco
toM*ta
M
tOM
^
2
"»
«
:
to
COCOOCO
tOtO^M
MtO
uu°u
OM o
8 CO
to
o
(OCO
5
5
o
tOM*M
I
M
COCOOCO
to CD
I
tctooco
OOD
I
M
00
coco
toto
000)
».«:
OM
c
I
co»
tOM
000
iOi
ifcii^
coo
to
©
ft."!;
COCOOCO
to
CD
^
s
wu
OOOOM-*
9."
COCOOCO
1
totOOCO
<B
o MtO®M
-jM
;
».«:
I
too
to
eiM*M
co!e
toto
(i
eocooeo
MM
2 MU
OOCWMl toco
I
(t
I
M
to to
^
o
ft.";
««';
I
cecc
638
7 '8
I
COCOOCO
toto^to
I
2
>it3
9iP:
I
W.>«
COCOOCO
KS,i9tO
^
M -^
">
COCDOtt
to
>
to
-1
2
mQOM~
ep:
COCOOCO
M*.'-'M
5^
'
KIM
•
OOMM"^
to-
coco
toto
a
Mi-,
MM
mm6m
MM
O
ee
«.«:
totOOtO
-,i.o
M*.^M
2
6*6
*.«:
I
tocooo
uci^to
to
COCOOCO
MO
s».®;
too
2
I
toeoto
totooco
'.Oii©U
MM
66*6
u
teto
MM
'^
<D(0OO
8.":
toecto
<e<o
tooo
M
on
I
MtO
000
2
»"•
I
».«:
MM®W MM^
UM®M
-to
ICM to MtO O
(X
MW®M
MM
^
2
"
WM
I
<oeo«
o
M MM f
00
to
I
tctoee
I
CD
10 to
UM
UM
cvo®
t*d
er;
s."=;
to
tDODOQO
«.«:
CC«*
lecc
5
teto
a
*i
00
I
^
I
«r;
tOCOOOD
lOil^
I
eo
ooos
OS
911,8
638
7
1,313
*>
tC<CO<0
<i
coco
Tb. Vn.
237
333
227
184
141
241
<
uta
Mii^M
»o
tOtOQCO
toto*io
8ALZS.
Con- Spec- Trannimp. uVfn tit.
?'?
tcco<o
I
8%
SALES OF SPOT AKD TBAKSIT.
Saturday Qalet
Monday.. Quiet at
1(8 deo.
Tveeday.. Oulet
Wed'day. Dull and easy..
nuraday Dull
YtUay... Dull
a.".-
*»ftM>1
9111
on the soot and for future delivery
port.
^t&oto
oo®6
5
0000
oco
00
10
913
same days.
CLOSKD.
I
ootoooo
Frl.
each day during the week are indicated in the following
statement. For the convenience of the reader we also add
a column which shows at a glance how the market closed on
irOT MARKET
2
i
2
^
-
NM
I
103,8
109,8 10>i,8 109,8
116,8 ll',« 115,8
1118,, 1113,8 1I13|8
638
5
te®
71a
838
91s
91s
9I3
91a
91I18
101,8 101,8
638
0000
2
^
»»
«.-^:
(BIS
fsti
7',
719
83e
non Taea Wed
Smt.
^^Ib,
71,8
712
838
7'a
838
5'
tetDO»
91,,
9>4
91,,
0000
1
7i6,fl
9*4
93t
918
913
9n,f 911,8
103,8 103,8
10*18
11S.8 115,8
1113,» 11'3,«
IOI4
10»8
1138
ll'B
Fair
The
8»,B
8lli«
9lie
914
5
toto
7'3
Qood Ordinary
Strict Good Ordinary
6=8
7iie
7»8
lb.
LowMiddliue
Strict I.0W
6=8
7l.«
7l«,6
non Ta«s Wed Tb.
Sat.
Ordinary
Btnct Ordinary...
Good Ordinary
Strict Good Ordinary
6S8
71,8
OOtDOOO
00 too
etc
Prl.
69b
7li«
1
I
CO
00
MM
e5
I
QLOD
COO
I
I
«:
^
CiiW
en
I
2
^
o
-
—
y lb,
aioo
tcxo
QDOO
<ce
—
UPLANDS.
I
l«
OCtDOQO
<C<0
the spot markets. To-daj' a sharp decline at Liverpool and
indications of a full plantation movement had a depressing
Cotton on the spot
effect, and futures declined 4(2 6 points.
declined l-16c. on Monday, business continuing on a limited
scale and mainly for home consumption. To-day the market
was dull and weak at 93i^c. for middling uplands.
The total sales for forward delivery for the week are 426,900
bales. For immediate delivery the total sales foot up this week
1,313 bales, including 86 for "export, 1,237 for consumption,
in transit. Of the above
- for speculation, and
bales
were to arrive. The following are the official quotations for
each day of the past week January 31 to February 6.
Ordinary
Strict Ordinary
-Qood Ordinary
Strict Good Ordinary
I
I
I
XQDOQC
««
more decided response from this market. There was a slight
improvement and a steady closing, the upward tendency being
held in check by full receipts at Memphis and the dulness of
—
I
l«
for future delivery at this market
the first half of the week under
review. Maximum crop estimates seemed to be accepted at
the visible supply
all the principal markets of the world
showed a large increase over the corresponding date of last
year, and the movement of the crop at the ports as well as
at the interior towns was on a fairly libsral scale in particular, on Saturday last, notice was directed to the small
decrease in the interior stocks during the previous week, indicating a movement from plantations more than fifty per cent
in excess of the corresponding week of last season. On
Tuesday the low prices that were made during the morning
hour, smaller receipts at the ports, and timidity of parties who
were " short," caused some recovery, with apparently some
revival of speculative feeling on the part of the Bulls;
but the movement was a short'lived one, and at the
closing prices again showed a decline for the day. On Wednesday LiverjKX)!, which had been declining sharply from day to
day, reported a better market, but this was regarded by our
market as only a natural reaction at that point, and had little
effect.
On Thursday a further improvement brought out a
The speculation in cotton
was at declining prices for
—
I
o
(Steoco
toto*to
tou
CO
u
Incluaes sales in September. 1890, tor Sept»ml>er. '228.300; September-October, for October. 349.300; September-Novetnbar. for November,
382.700; Beptember-December, for December, 947,300.
*
The following exchanges have been made during the week:
•10 pd. to excb. 2,000 Sept. for July
•01 pd. to excb. 500 Dec. for Oct.
•28 pd. to excb. 800 Meh for June.
09 pd. to excb. 800 Mcb. tor Apr.
'09 pd. to excb. 200 Apr. for May.
•09 pd. to excb. 200 May for June.
•04
•10
•27
'29
18
pd.
pd.
pd.
pd.
pd.
to
to
to
to
to
excb.
excb.
excb.
excb.
excb.
400 Feb. for Meh.
200 Mcli. for Apr.
100 Mcb. for Aug.
200 Mcb. for Mar.
100 May for Au«.
The Visible Supply op Cotton to-night, as made up by cabl«
and telegraph,
is as follows.
The Continental stocks, as well aa
those for Great Britain and the afloat are this week's returlia,
and consequently all the European figures are brought down
to Thursday evening. But to make the totals the complete
figures for to-night (Feb. 6), we add the item of exports from
the United Stat^, including in it the exports of Friday only.
—
:
..
248
1890.
1891
990,000 1,006,000
15,000
21,000
1889.
691,000
4,000
1888.
840.000
27,000
Total Great Britain stock. 1,011,000 1 ,021,000
2,400
3,800
Hamburg
695,000
133,000
5,000
14,000
21,000
400
300
7,000
217,000
3,000
95,000
10,000
10,000
6,000
176,000
4,000
94,000
12,000
12,000
300
500
867,000
4,300
43,300
36,000
300
900
182.000
bales
Stock at
fitock at
Bremen
Stockat Amsterdam
Stock
Stock
Stock
Stock
193,000
19,000
at Rotterdam
at Antwerp
at Havre
at Marseilles
Stockat Barcelona
•
Stock at Genoa
Stock at Trieste
558,200
444,700
Total European stocks.. .. 1,569.200
India cotton afloat tor Europe.
130,000
Amer. cotfnafloatfor Europe. 490,000
Egypt,Brazil,&c. ,atlt f or E'r'pe
57.000
Stock in United States ports .. 877,989
Stock in U. 8. interior towns.. 380.274
United States exports to-day.
30,217
,465,700
Total Continental stocks
Total visible supply
3,100-
95,000
3,000
41,000
5,000
7,000
189,900
2,00C
48,000
4,000
4,000
314,800
884,900 1,181,800
90,000
200,000
412,000 333,000
47,000
54,000
909,697 923,683
317,022 333,472
10,673
15,275
181,000
400,000
47,000
691,514
255,946
17,809
3,534,680 3,058,969 2,792.894 2,969,628
Oftbeabove. the totals olfAmericanandotber descriptions are as follows:
American—
Xilverpool stock
bales 699,000 797,000 558,000 661,000
Continental stocks
453,000 359,000 134,000 186,000
American afloat for Europe... 490.000 400,000 412,000 383,000
United States stock
877,989 691,514 909,697 923,683
United States interior stocks.. 380.274 255,946 317,022 333.472
United States exports to-day.
30,217
17,809
13,275
10,673
Total American
Indian, Brazil,
JKa$t
2,930,480 2,523,269 2,345,994 2,497,828
rfc.
Uverpool stock
London stock
291,000
21,000
105.200
130,000
57,000
•Continental stocks
India afloat tor Europe
Egypt, Brazil, Ac, afloat
207,000
15.000
85,700
181,000
47,000
133,000
4,000
53,900
200,000
54,000
179,000
27,000
128,800
90,000
47,000
Total
604.200 .535,700 446.900 471,800
2,930.480 2,523,269 2,343,994 2,497,828
American
^~ The imports into Continental ports this week have been
The above
figures indicate an increase in the cotton in sight
to-night of 475,711 bales as compared with the same date
of 1890, an increase of 741,786 bales as compared with the
oorresponding date of 1889 and an increase of 565,052 bales
«8 compared with
At thb
1888.
Interior
Towns the movement—that
the receipt*
for the
for the
set out in detail in the
is
and since September 1, the shipments
week and the stocks to-night, and the same items
.<or the week,
-corresponding period of 1889-90— is
if ollowing statement.
Feb. 6.
((b.
^1
1->
X c to o
-r
BS;
i'§o-»5o£BssBg<'g..»>s§B
5
S":
:
O" y tw :o
Mo
a a X <i w
^1 Oi ^ c;
w
I—
!-•
c^t
rf>'
:
•
SS.
p.
BB.
>-.
:
*-•
ifk.
^1 -q
ifk
O "I o
tt^ODOrf^OtOO
•-
OS
•-
^ODOWtoa:(^^-c;txtctOh-^#>to**oE
Ml-"
MtO
KaMWtOH*!^
Mcr MOiO M to Colo cr. to OSM M*>- OMOOS
CI*
c;t
XX
tfk
H*,-.
o
5 ws:
X to otto p"*-*
^ ^ ^ Oj
c&toxoipcoco
P OS to 1^ P V W
;-Jp 01
^.p.1,.1
t-"
CO
M MM
10
P
p ca M
ViUlOif^COPtU
c;»
^XXPrfi^OP
P»«
— Xp(0*
;
w X » ti
ii..
1
I
89l8
89ifl
9
9
9
9
9
9
9>4
97,8
914
97,8
93i"
9^8
918
9ii«
918
9lig
9I18
9%
9%
9k
97-8
9%
9%
9
9
94
9'i8
9
9
914
914
91,8
9>4
9-4
Memphis
Louisville.
.
9%
9%
9%
9i8
9%
Augusta
..
9%
8t.
9>4
938
9\
914
Fri.
94
94
9%
94
9I4
9I4
914
The closing quotations to-day (Friday) at other important
Southern markets were as follows:
Atlanta
9
Columbus, Ga.
Columbus, Miss
Bulaula
838 Nashville
S'al Natehez
Little
I
Rock....
Montgomery..
8% Raleigh
8% Rome
878
8i3,g
8%
Selma
Shreveport
808
S»8
.
Receipts From the Plantations.— The following table
indicates the actual movement each week from the plantations.
The figures do not include overland receipts nor Southern
consumption; they are simply a statement of the weekly
movement from the plantations of that part of the crop which
finally reaches the market through the outports.
Wttk
BtcHptt at
Jan.
1888^
Ports.
10
a..
St'fc
at Interior Tbwtu. Rec^ptt from PlanVnt,
1
j
202,921 218,040 21S.989
159,119 189,826 217,177
149,178 158,888 174,856
177,821 116,892 1 78,913
155,351 159.266 195,103
128.347 140,253 160.848
2
Feb.
tl\e
1889-90 1890-91 188849 1889-90 1890-91 1888-89' 1889-90 1890-91
418,660
135,668
107,093
S89.S13
361,239
386,521
The above statement shows:
117,560 188.883 1»1,560| 230,868
395.470' 166,59.) 118,027 117,736
359,020 117,508 120,703' 122,118
326,079 416,851 160,371 112,951
238.912
191,881
155,773
118,284
287,881 110,110 126,950 122,070 188,362
280,548 103,668 101,629 132,917 151,106
—
1.
That the total receipts from
the plantations since September 1, 1890, are 5,812,562 bales; in
1889-90 were 5,370,783 bales; in 1888-89 were 4,921,860 bales.
2.
That, although the receipts at the outports the past week
were 160,848 bales, the actual movement from plantations was
onljr 154,406 bales, the balance being taken from the stocks at
the interior towns. Last year the receipts from the plantations
(or the same week were 132,917 bales and for 1889 they were
101,629 bales.
—
Overland Movement for the Week and since Sept. 1.—
statement showing the overland movement
for the week and since September 1. As the returns reach us
6.
1889-90.
14,868
10,124
2,065
,
533
6,342
•5,692
1,742
.
Since
Sept.
1.
427,679
218,729
79,297
19,467
147,794
136,567
117,958
_
Week.
Sinee
,
Sept.
15,827
9,292
2,349
316
4,738
10,501
3,813
1.
383,608
266,,577
53,409
16,055
96,621
163,536
127,403
18,626
6,347
3,692
205,8211 14,917
82.923!
1,07
Inland, &c., from South
57,852
3,183
229,728
50,690
81,107
Total to be deducted
26,665
346,596
19,177
361,525
Leaving
14,701
800,893i 27,659
745,684
interior
towns
total net overland*..
a 00 M w 2 i S S- S S S "
00*
Including
week
in 1890, and that for the season to date the aggregate net
overland exhibits an excess over a year ago of 55,211 bales.
.°2'
-.q
41,366 1,147,4911 46,836 1,107,209
movement by rail to Canada.
The foregoing shows that the week's net overland movement
this year has been 14,701 bales, against 27,659 bales for the same
MB'
Takings.
CDXH'HJ?DCOH"-»w^MQOtorooiQ0 3;cn^
Week.
gtooi®io^<itoa;<ioro«'>-'U-3ouS
00^)^^)00 M ic tc -J 00 o ~i 05 *- 00 a o -q y
•J
00<l
T'",".'*.-'
^1*- WGDOl^Ci^QOW
S !; i; S J 2 2 2 =• "
''^
.'*!''.^J*.*'
^M_
o"-
"^ '^ oc
o c o Si
SI
Since
Sept.
1.
Sinee
Week.
Sept.
1.
Receipts at ports to Feb. 6
160,848 5,422,507 140,253 »,102,673
Net overland to Feb. 6
14,701
800,895, 27,659 745,6N4
Southern consumption to Feb. 6. 16,000 302,000 14,0«0 284,000
?S3
*.^tOrf^CJQ0O»"i-
1889-90.
1890-91.
In Sight attd Spinnerf
Louisville fleures " net " In hotU years.
Last year's flirures are for Gridln.
This year's fljfures estimated.
The above
89i«
9>a
95,8
9'is
89i«
9'4
878
9
914
9'l6
Norfolk
Boston
Baltimore...
Philadelphia
*
lU 10
'
*
89,8
91^
8 '8
Wilmington.
Between
t-OD
rf.
tsQDifceMoi
8S9
9H!
S'S
913
95l8
97,9
Charleston.
Deduct shipments—
Overland to N. Y., Boston, Ac.
,-i|f^
x* JOSP
— « :0^ — M oo M O 00 ^ M
rfk
9
9
Total gross overland
iCtOPh- lOp-qcoXXPCO'^.l'-
CT to
9
Via Evansville
Via Louisville
Via Cinciunatl
Via other routes, &c
Mucotoutooeow
COM^p^jpPtDCOh-OtOtOO
Prfkh-h-p^Oa
9
9
Shipped—
Via St Louis
Via Cairo
Via Hannibal
oecOMw®ioi-09^-OKjasaiOH'oS-«
'^
9
Thurs.
»f^
^i^i^^S'^p^^i
Xs^t to
9
Week.
oo to^to^QoWiM^ H- o fo b) o« o»(oioas
CCh-'
95,8
9h«
9
9
yvedtiea.
1890-91.
CppWKJOSh-RMMOtU'lCOi.KJOtOQOCO^
tOH>UCO
9*18
Savannah...
rf»>
M
<0
cop
9»ie
Sew Orleans
Mobile
X to p P O' M <J h- to X X
X p y>
X o 5 CD X OS r- to ^ M
-4 Oi
CO
938
February
to
tOh-c)'o--]ototOf'^ooai'xoooo»OH-'f-'
CDO(3syX05»-*WOC'''CSO»<-'0**XX<lifc.
C !0
938
9li«
Ski
Wr:tO^M&3tOCO<l-5r-WCOOXKJa*1tO
CO<l p<l to jf^QD^-J h-y ^j to <I X cc M :o to M
to
to
938
9i;a
rfk.
OTrfk
(-•
Tucs,
by telegraph late Friday night it is impossible to enter so
largely into detail as in our regular monthly report, but all
the principal matters of interest are given.
This weekly
publication is of course supplementary to the more extended
monthly statements. The residts for the week ending Feb. 6
and since Sept. 1 in the last two years are as follows:
:0 to (^"u CO to V CC CD M 1^ CC *x 9:'tuVo*!^
^
CO O to U M i(k.x O
CO U> M
CH
Of o ^ ^
ODtOl^OSr-XCJiatfrCDOasOCOMtOXO;
tOOi
to
:
Man.
Galveston...
Louis
Cincinnati
ON—
Salur.
We give below a
HwrrHs3 5«
•
tVoL. LII.
CLOSING QnOTATIONS FOR MIDDLIHO COITOS
Veek ending
Total visible supply
3,534,680 3,058,969 2,792,894 2,969,628
*rioe Mid. Upl., Liverpool
5d.
6d.
SSed.
5^6..
rrloeMid. Upl., New York....
9 "40.
113,4C.
lO'sc.
IOSbc
91,000 bales.
:
QaOTATIONS FOR MlDDLINa COTTON AT OTHER MARKETS.—
Below we give closing quotations of middling cotton at Southem and other principal cotton markets for ear h day of the week
JVndtnff—
Total East India, Ac
.
'
CHRONICLE.
'fflE
fltockat Liverpool
Stock at London
.
w
Total marketed
~
Interior stocks In excess
Came
,191,549 6,525,402:181,912 6,132,362
*6.442 390,055 •7.336; 268,104
into sight during week. 185,107
Total in sight Feb, 6
1
....
174,576
6,915,457;
,
6,400,466
show that tlie old Interior stocks have North'n spinn ers tak'gs to Feh.6.1
1,466.377
1,473,5551
decreased durmg the week 4,030 bales, and are
* Loss in stock during
to-night iH 328
week!
l»le8 more than at the same period last year. The
receims at
It will be seen by the above that there has come into sight
the same towns have been 3,313 bales more than
the same during the week 185,107 bales, against 174,576 bales for the
^'''^
^'^* receipts at all the towBs same week of 1890, and that the increase in amount in sight
qon*^-«rrV
frf320,(61
""fu^
^P*are
bales more
than
for the same time in 1889-90.
to-night, as compared with last year, is 514,991 bales.
totals
1
Febkcary
7,
THE CHRONICLR
1891.J
Weather Reports by Teleoraph.— Our
telegraphic ad-
vices to-night indicate that in a number of districts tlie rainfall has been lieavy during the week, interfering with the
marketing of the crop. Along the Atlantic, however, the
precipitation has leen light.
Oalveston, Texas.— V/e have had showers on three days of
the week, the rainfall reaching thirty-one hundredths of an
inch. Average thermometer 55, highest 70 and lowest 40.
During the month of January the rainfall reached five inches
and ninety hundredths.
Palestine, Texas.— It has rained hard on three days of the
week, the precipitation reaching one inch and ninety-live hundredths. Tlie tliermometer has averaged 48, the highest being
70 and the lowest 26. Rainfall for the month of January
seven inches and sixty-five hundredths.
^unto^/Ze, Texas.— There has been heavy rain on two days
of the week, the rainfall being one inch and forty hundredtlis.
The thermometer has averaged 55, ranging from 38 to 73.
Month's rainfall eight inches and eighty-eight hundredths.
Dallas, 2^exas.—It has rained heavily on two days of the
week, the rainfall reachmg one inch and sixty-six hundredths.
The thermometer haa ranged from 34 to 64, averaging 49.
During the month of January the rainfall reached three
inches and forty-four hundredths.
San Antonio, Teros.— Rain has fallen on two days of the
week to the extent of one inch and sixty-three hundredths.
Average thermometer 58, highest 69, lowest 48. Rainfall for
the month of January five incites and three hundredths.
Luling, Texas.— It has rained on two days of the week, the
rainfall reaching ninety-five himdredths of an inch.
The
thermometer has averaged 58, the highest being 70 and the
'lowest 46. Rainfall on sixteen days in January and the pre•cipitation reached five inches and ninety himdredlhs.
Columbia, Texas. It has rained hard on two days of the
week, the rainfall reaching two inches and sixty hundredths.
The thermometer has averaged 64, ranging from 52 to 76.
January rainfall, three inches and ninety-seven hundredths.
have had very light rain on one day
Cuero, Texas.
during the week, the precipitation being but two hundredths
of an inch. The thermometer has ranged from 48 to 70, averaging 59. During the month of January the rainfall reached
five inches and forty-five hundredths.
Brenham, Texas. There have been showers on two days of
the week, to the extent of thirty-three hundredths of an inch.
-Average thermometer 58, highest 75, lowest 40. January
rainfall nine inches and thirty-nine hundredths.
have had hard rain on one day of
Weatherford, Texas.
the week, the precipitation reaching one inch and seventeen
hundredths. The thermometer has ranged from 54 to 67,
•averaging 59.
During the month of January the rainfall
reached two inches and sixty-seven hundredths.
New Orleans, Louisiana.—It has rained on three days of
•the week, the rainfall reaching one inch and seventy-six
—
•
— We
—
— We
hundredths. The thermometer has averaged 64.
Shreveport, Louisiana.
have had rain on two days of
the week, the rainfall reaching one inch and fifty-six hundredths. Average thermometer 49, highest 70 and lowest 80.
Columbus, Mississippi. It has rained on one day of the
week, the rainfall reaching one inch and seventy-six hundredths. The thermometer has averaged 52, the highest being 80 and the lowest 28. Rainfall for the month of January
eight inches and thirty-four hundredths.
Leland, .Wissjssippt.— The week's precipitation has been two
inches and seventy-three hundredths. The thermometer has
averaged 54 8, ranging from 80 to 78. Rainfall for January
four inches and fifty-six hundredths.
Helena, Arkansas —Rain has fallen on four days of the
week and is falling to-day. The rainfall reached five inches
Auburn, Alabama.— We have ha<l rain during the week, to
two inches and forty-nine hundredths. The
thermometer has averaged 56-2, tho highest being being 71
and the lowest 80.
Columbus, Qeorgia. We have had rain on three days of the
week, the rainfall reaching one inch and sixty-five hundredths
of an inch. The thermometer has ranged from 29 to 64, averaging 53. During tho month of January the rainfall reached
four inches and eighty-seven hundrodthp,
Savannah, Georgia. We have had rain on four days of the
week, the rainfall reaching ninety-one hundredths of an
Average thermometer 60, highest 77, lowest 34.
inch.
Augusta, Qeorgia. Rain has faillen lightly on five days of
the week, to the extent of one inch and nine hundredths.
The thermometer has averaged 56, the highest being 78 and
the lowest 31. January rainfall two inches and thirty-nine
the extent of
—
—
—
hundredths.
Charleston, South Carolina.— We have had rain on four
days of the week, the precipitation reaching seventt^n hundredths of an inch. The thermometer has averaged 58, ranging from 35 to 73.
Stateburg, South Carolina. Rain has fallen on four days
of the week, to the extent of one inch and threo hundredths.
—
The thermometer has ranged from 35-5 to 73, averaging 56-4,
During the month of January the rainfall reached two inches
and ninety-two hundredths.
Wilson, North Carolina. We have had rain on two days
—
of the week, the rainfall reaching thirty-nine himdredths of
an inch. Average thermometer 53, highest 76, lowest 23.
The following statement we have also received by telegraph,
showing the height of the rivers at the points named at 8
o'clock February 5, 1891 and February 6, 1890.
New Orleans
and
Feb. 5, '91.
Feb. 6, '90.
Feet.
Feet.
14-
110
Above low-water mark.
Above low-water mark.
Above low-water mark.
Above low-water mark.
Memphis
Nashville
Shreveport
VlcksburK
In feet
320
24^2
36-5
24-8
24-5
18-8
43-5
310
.Above low-water mark.
NorR.— Reports are now made
and tenths.
India C!otton Movement from all forts.— The receipts
and shipments of cotton at Bombay have been as follows foir
the week and year, bringing the figures down to Feb. 5.
BOHBAT BECEIPT9 AND SHIPMENTS FOB FOUR TEAKS.
Shipments
Shipments since Jan.
this week.
Oreat
Tear Great Contir
BriCn. Hint. Total. Britain
5.000 .57,000 62,000
1891
1890 7,000 7P,000 83,000
1889 14,000 31,000 63,000
1888 2.000 13,000 15,000
Shlpmentafor
Oreat
Britain.
—We
—
249
Calcutta1891
1890
1,00<
2,00<)
11,000 106,000
21,000 169,000
53,000 150,000
20,000 74,000
the week.
Continent.
2,000
3,000
Total.
3,000
5,000
Uadras-
Receipts.
1.
-,.
Total.
Continent.
This
Week.
117.000
190,000
203,000
94,000
59.000
66,000
73,000
41,000
Great
Britain.
Continent.
5,000
6,000
14,000
13,000
1.
282,000
319,000
336,000
194,000
Shipments since January
2.000
1,000
1891
1890
Since
Jan.
1.
Total.
19,000
19,000
2,000
1,000
AU others1891
1890
1,000
1,000
i",oo6
1,000
2,000
5,000
4,000
4,000
3,000
9,000
7,00O
2,000
3,000
2,000
4,000
4,000
7,000
12,000
11,000
18,000
16,000
30,000
27,000
Total all-
189 1
189
The above totals for the week show that the movement from
the ports other than Bombay is 3,000 bales more than the same
week last year. For the whole of India, therefore, the total
shipments since January 1, 1891, and for the corresponding
periods of the two previous years, are as follows:
EXPORTS TO ElrnOPE FROM ALL INDIA.
hundredths— too much rain for farming inThe thermometer has ranged from 38 to 67, averagDuring the month of January the rainfall reached
seven inches and forty-five hundredths, on eleven days.
Little Rock, Arkansas.— It has rained on four days of the
1890.
1889.
1891.
•week, the precipitation reaching four inches and twenty-nine
Shipntents
hundredths. It is raining now. The roads are again in a
Since
This
Since
This
Since
to alt Europe
rA»»
week.
Jan. 1.
week.
Jan. 1.
Jan. 1
very bad condition, which interferes greatly with the country
week.
from—
trade. The thermometer has averaged 43, ranging from 28 to
Bombay
62,000 117,000 85,000 190,000 65.000 203,000
64.
27,000
8,000
All other ports.
30,000
7,000
38,000
4,000
Memphis, Tennessee.— It has rained on four days of the
Total
66,000 147,000 92,000 217,000 73,000 241,000
week, tremendously on Friday and Saturday, the precipitation
reaching five inches and three hundredths. Average therAlexandria Receipts and Shipments. Through arrange'
mometer, 44-5, highest 70 and lowest 30. January rainfall
ments we have made with Messrs. Davies, Benachi & Co., of
seven inches and thirty-three hundredths.
Nashville, Tennessee.— The week's precipitation has been Liverpool and Alexandria, we now receive a weekly cable of
two inches and thirty-one hundredths, on four days. The the movements of cotton at Alexandria, Egypt. The following
thermometer has averaged 44, the highest being 71 and the are the receipts and shipments for the past week and for the
corresponding week of the previous two years.
lowest 33.
Mobile, Alabama. We have had rain on six days of the
A-Uxandria, Egypt,
1888-89.
1880-90.
week, the rainfall reaching one inch and sixty- five hun1890-91.
February 4.
dredths. The thermometer has averaged 58, ranging from 35
sixty-three
terests.
ing 47.
—
—
Receipts (cantars*)
This week
Since Sept. 1.
Montgomery, Alabama.— It haa rained on three days of the
week, the ramfall reaching two inches and thirty-four hundredths. The thermometer haa ranged from 31 to 69, averaging 50. Rainfall for month of January three inches and fiftyseven hundredths.
Selma, Alabama,— There has been rain on five days of the
week, the precipitation reaching five inches and fifty hundredths.
Average thermometer 56, highest 80, lowest 88.
January rainfall five inches and eighty-three hundredths.
110.000
3,187,000
100.000
2.80.S,000
70,000
2.378.000
This
Since
week. Sept. 1.
Since
This
week. Sept. 1.
12,000 220,000 12,000 212.000
8,000 113,000 8,000102,000
9,000 186.000
8,000 94,000
This
Situe
week. Sept. I.
Exports (hales)—
To Liverpool ...
ToCoutineut
Total Europe
'
20,000 333,000 20.000 314.000 17.000 280.000
A cantar Is 98 pounds.
:
THE CHRONICLE.
250
[Vol. LU.
—
To Barcelona— Jan. 30-8teamer Pio IX., 7,973.
Manchester Market. Our report received by cable to-night
To Genoa-Feb. 3-Steamer Dora Ko.^ter, 7.000.
from Manchester states that the market is quiet for both Savannah-To Liverpool—Jan. 30- 8teamer Malabar, 5.971.
To Amsterdam— Feb. 3 -Steamer ilanystwyth, 6.300.
y^ams and shirtings. The demand for both India and China
continues poor. We give the prices for to-day below, and leave Bbonswick— To Liverpool— Jan. 30— Ste.iraer Tivertoa, 6,651.
To Brem-in— Jan. 31— Steam r Propiti )U^, 3.721.
comparison:
for
this
and
last
year
weeks
of
previous
those for
Ohablbston- To Liverpool -Jan. 30— Steamer Chlt;agong, 4,672.
1
32» Cop.
Taiist.
d.
d.
8>4 lbs.
Shirtings.
d.
s.
6 IJs*?
Jan. 2
" 9 8»i6»8»8 6 4»s«7
" 16
6 41397
•' 23
1 «7
8Si6»87i«
" 30
4 -37
3 Til
Feb. 6 3
«8U
CoWn
d.
d.
aifl
55,8
d.
d.
»8«8
«8%
iH »8%
8J2
8>4
6
6
1
3
8I2
8J«
Jftrf.
d.
8.
»7
»7
5%
6i8
8I16
®7
•97
»7
aS'^a
•5m«
Co«'n
8>4 lbs.
Shirtings.
Mid. 32« Cop.
Twist.
Uplds
®8'8
»8'8
To Bremen— Feb 5- Steamer Mlllfleld.
To Odesaa-JdU. 30— Steamer Plymorhlan, 3.950.
Wilhinoton— To Liverpo >1— Feb. 2— Steamer Wandsworth. 5,200.
NOBFOLK—To Liverpool— Jan. 31— Steamer Miple Branch, 7,3.10
.
1889-90.
1890-91.
6
...
Feb. 3—Steamer Norfolk. 227
Feb. 4— Steamer Baloarres Break,
1.400 ...Feb. 5-8teamerElmville, 5,149.
To Bremen— Jan. 31— Steamer (tham.>, 6.119.
Wbst Point—To Bremen— Feb. 5— Steam'sr Hypatia, 4,930.
Skwpout News— To Liverpool— Feb. 4 -Steamer Kecta,
Boston- To Liverpool -Jan. 28— Steamer Virginian, 1,480 ...Jan. 30—
Steamer Pavonia, 1,479.
To Antwerp— Jan. 2S-Steamer Stubbenhuk. 631.
To Yarmouth -Jan. 30— Steamer Boston, 445.
Baltimobb- To Liverpool- Jan. 27— Stuamirs Baltimore,
C irth.
;
Overland Movement, &c., to February 1.— In our
editorial columns to-day will be found our regular statement
of overland movement, receipts, exports, spinners' takings,
&c., brought down to February 1.
—
Jute Butts, Baoging, &c. The market for jute bagging
inactive at the moment, takings being gauged by present
requirements. Prices have, however, undergone no appreciis
able change, the ruling quotations this evening being 5c. for
IJ^ lbs., 5J^c. for \% lbs., 6c. for 2 lbs. and 6J^c. for standard
grades. There are no new features in jute butts, the few
transactions reported being oa the basis of I'lSo. for paper
grades and l^c. for bagging quality.
East India Crop.— The following is from the Bombay
Prices Current of date January 8:
The news to baod by wire oa Monday morning from the cotton
dlBtricte was, with the exoepclon ot that from DhuUa, In the Oomra
olrolo, where the weather continued cloudy, and the dew was Insufficient,
and from Hubli in the Dharwar circle, where the plants were suffering
from cold winds In some places, of a diatinetly favorable tenor, the
weather all over the ar .'a having become brleht and seamnahle a^ain,
with no f urthtr sl^rn of ram anywhere The picklae of the crop had
become general at Broach, and was partially proceeding tlirouRhout
the Dhollera dl.strlct, the out-turn In the Bhownugger district being
expected to be less than it was last year.
Shippino News. The exports of cotton from the United
Btetes the past week, as per laiest mail returns, have reached
167,994 bales. So far as the Southern ports are concerned, theef
ftre the same exports reported by telegraph and published in
the Chronicle last Friday. With regard to New York wt
include the manifests of all vessels cleared up to Thursday.
—
Saw TOBK—To Liverpool, per steamers Adriatic, 687
Total balei.
Arohl-
mede«, 1.410.... Aurania, 1.104. ...Cu(lo,l,6S6....Fitzro.v,
620.. ..Herschcl, 2,315... Nasmyth, l,»87....Bt.Pancras,
4,927... 8t. Kenans. 2,116
To Havre, per steamer La Bretagne, 964
To Bremen, per steamers Trave, 696
Werra, 1,370...
To Hamburg, per steamer Rngia. 500
To Kotierrtam, per steamer Maasdam, 550
Oblbans— To Liverpool, per steamers American, 2,932
Caribbean, 2,400 .- City of Lincoln. 6,706
Murciano,
Nlceto. 5,718 .. Serra, 4,002
4,750
To Havre, per steamers Ardanbahn, 2,850
Moonstone,
6,406
To Duukirlc. per bark Auguste, 4,420
To Bremen, per steamers Federation, 6.363.... Viola, 4,ull.
To Hamburg, per steamer Uallcia, 2,793
OAIVESTON—To Liverpool, per steamers Elmfleld, 4,427
Jessmnnd, 3,535 ...Mercedes. 5.612
Tripoli, 7,447
To Hamburg, per steamer Edenmore, 659
MouiLE— To Liverpool, per steamers Auretta, 6,693. ...Palenllno, 6,415
Savannah— To Bremen, per steamer Redruth, 6,906
To Barcelona, per steamer J. M. Lockwood, 4,410
To Genoa, per steamer Gardenia, 5,3,^2
l'^
CHAKLESTON—To Liverpool, per steamer Tangier, 4,086
To Venxe, per brig Protettore, 1,504
KORFOLK— To Liverpool, per steamers Amy, 4,717
Aneriey,
500
550
26,508
New York
H. Orleans
Galveston
Mobile
.?<??i-_
^'T^r burg.
16,8.57
964 2.566
26,ri08 13,676 13,767
31,021
13,108
Savannah
Charleston
Horfolk
West Point
Boston...
Baltimore
Phlladelp'a
Tot^
Spain
Hotter-
dam.
4,420
10,974
2,793
21,021
559
13.108
6,906
4,410
5!352
4!o36
504
1
""
6,906
4,036
20,179
6,610
7,424
>••••
Italy. Halifax.
200
258
9,762
1,504
......
......
116.974 14,610 24,056
ootton froin United
......
508
Total
20,937
53.951
21,580
13,108
IH.663
5!54u
20,179
6,610
7,926
458
1,027
Below we add the clearaoces
Tar-
559
1,027
550 11,266
Hon.
aatur.
Do
sail
»»
Sremen, steam
Do
.
....
"S3
".2
..••
....
"32
"32
"32
Indlreot.e.
aamborg,
SS
%
40*
40*
steam.*;.
Keval, steam
d.
saU
"32
"sj
%
%
....
....
40*
40-
40*
....
"64-"e4
d.
BaroeIoiia,steam d.
Genoa, steam., .d.
rrieste, steam. ..d.
Antwerp, steam d.
Per 100 lbs.
LiVEBFOOL,
"32
....
....
40*
"SI
...
•
....
Do via Indlrecte.
Amsf d'm, steam.c
Do Indirect. .d.
Do
..•-
...•
»32
t.
i»12S
21128
"32
e.
JH.
WtHntt. Tkur*.
I\ta.
Uverpool, steam d.
Oo late deUv'y.d,
3avre, steam
e.
"'32®%
•B64-"f.4 l5€4-"64
....
....
«t4-"«4 «e4-"64 "S4 "S4
....
....
^is
».«
618
OlS
Sie
»18
»ie
"is
Sis
»u
Ha
»I6
•4
«4
>4
>4
H
*4
•«
H
H
»8
»a
>e
...
....
—By cable from Liverpool we have the following
sales, stocks. &c,, at
Jan. 16.
Jan. 23.
that port.
tmles
Sales of the week
Of which exporters took....
Of whloh speculators took...
Sales American
Jan. 30.
Feb. 6.
Aotoal export
Total stoo!:- Estimated....
Of whloh American— Estlm'd
Total Import of the week......
Ot which American
Amount
afloat
Of wblAh Amerloan. .........
90,000
3,000
10,000
06,000
11,000
95,000
938,000
651,000
101,000
84,000
220,000
210,000
46,030
3,000
6,000
35,000
9,000
95,000
910,000
646,000
106,000
79,000
255,000
245,000
43,000
2,000
5,000
35,000
4,000
86,000
956.000
668,000
106,000
95,000
2=5,000
275.000
35,000
3,000
1.000
27,000
9,000
61,000
990,000
699,000
125,000
103,000
300,000
285,000
The tone of the Liverpool market for spots and futures each
day of the week ending Feb. 6, and the daily closing prices
of spot cotton, have been as follows:
BpoU
Aiturday Jfondav. IWsdoy.
Ifednti. \lhwnd'y.
fWdoy.
'
and mouth it
5,50
Octton freights the past week have been as follows:
Forwarded
9,2.%6
flonn, are as follows:
Bamre Bremen
Twenty-four hundrei bales of
Bohore near Norderney Island.
cotton have been landed.
2,086
167,994
^Dun- a Bam-
.
ToHavrd-Feb. 4-Steamer Toledo. 1,792.
To Bremea-Jan. 29— Steamer Stuttgart. 6,716.
To Hamburg— Jan. 27— Steamer ludla, 243.
Below we give all news received to date of disasters to
vessels carrying cotton from United States ports, &c.
Ocean Kino, steamer (Br.), from New Orleans for Bremen, which went
984
rhe particulars of these shipments, arranged in our usual
Liver-
31— Steamer Nessmore,
16,857
3,662. ...Bretwalda, 8,700.. ..Picqua, 1,500. ...Specialist
1,600
20 179
WCST PoDn^-To Liverpool, per steamers Acuba, 3,612
Picqua, 2,998
J
6,610
Boston—To Liverpool, per steamers Columbian, 3,435
'
Michigan, 1,663
Ottoman, 2,330
7 128
To Yarmouth, per steamer Boston, 408
.'.'.'..
408
'""
To Halifax, per steamer Carroll, 100
100
Baltimore—To London, per steamer Michigan, 200
200
"
To Hamburg, per steamer I'rocida, 258
258
Philadelphia—To laverpool, per steamer British PrlacesV.
1.027
;
1027
^°^
.
Jan.
sissippi,
tatement of the week's
.
W
aelnian, -^^— ...Jan. 31— Steamer Alexaudev Elder,
Jan. 2ii— Steamer MisTo London -Jan. 22 —Steamer Beds, 100
803 167,934
this week of vessels carryinB
States ports, bringing our data down
to
the latest dates:
Galvbston- To Liverpool—Jan. 31— Steamer Roddam 9 817
'"'' 2"J''^""r'''° Liverpool -Jan. 30-8i<<».iier AroUlteot,' 4.800
teb. 3- Steamer Ernesto,
....Feb. 4-Bteamer EiptoreV.
Market,
1:45 r. u.
Irregular.
Pressed
Doll and
.Moderate
for sale.
Irregular.
demand.
Irregular.
Mid.aprdB.
5I18
Sales
jpeo. dtexp.
6,000
7,000
5.000
6,000
,000
5,000
500
500
500
500
500
500
huturei.
Market,
rket, {
1:45 p. M.|
Easy at
14)4 decline.
Market,
4 P.M.
Easy.
Weak at
1-84(9 2-04
decltae.
Sasy at
1-U4 decline.
Very
Steady.
teaay.
Steady at Qnlet at
1-64 ad-
vance.
Qnlet.
furtlally
.84
adv.
Quiet and
steady
Weak
at
l.n4S2-«4
deellne.
Barely
steady.
The opening, highest, lowest and closing prices o( futures at
Liverpool for each day are given below. Prices are on the
basis of Uplands, Low Middliag clause, unless otherwise stated
The prices are given in pence and 6Uh.
Thus; 4 63 mean*
4 63-64d., and 5 01 means 5 l-64d.
pf
Bat., Jan. 31.
Open H<oh L0IU.
Cloi.
d.
d.
d.
d.
4«1
4 82
4 82
4 81
4 81
4 82
Feb.-March. 4 81
February....
S02
SOS
608
June-July... 608 SIO
July-Aog... £11 611
August. ... (12 612
AuR.-Sept.. 610 5 11
8ept.-Oct... SOD 609
Oct.-NOT.... SOT 608
Nov.-D»c... 60« 607
Mch.-Aprll..
SOI
April-May.. S04
Hay-Jnne... 607
4 82
6 02
6 05
SOI
604
607 608
60« 610
611 6 11
6 12 SI2
610 611
60S 509
607 SOS
S0«
6 07
aioB., Feb. 2.
Op<n High Low.
d.
d.
d.
C(o».
Op«n
ir<«k
d.
d.
d.
458 480 458 4 60
458 480 458 460
4 82 600 4 62 600
602 6 01 6 02 604
6 06
6 07
6 09
5 10
6 07
6 09
5 11
5 12
5 05
6 07
509
509 511
6 07
6 10
Toes., Feb. 3.
5 12
4 67
4 67
4 62
6 02
6 05
5 07
5 09
5 10
508 6
608
5 07
8 07
608 610
5 07 608
6 03 607 608 6 07
t06 6C« 6 05 608
10
6 0S
6 0>
6 01
Low.
d.
167 456
4 57 456
4 82
602
4 81
6 01
504
606
6 09 608
6 10 609
509 606
507 507
508 506
5 06 504
5 06
6 07
Clot.
a.
4 67
4 67
482
6 01
606
607
609
6 10
609
607
i<M
605
.
.
Fkbrdaby
Februarr....
t.
iU
Feb.-March. 4 88
Moh.-Aprll.. 108
Aprll-Mur.. 603
Mk7-June... 8 07
June-July... 6 00
Jalf-AuK... 6 11
Au^at
813
Aug.-Sept.. 610
806
807
NoT.-Dec... 6oe
Sopt.-Oct...
Oot.-NoT...
Thurun Vek. S.
Hiffk IrOW. OlM,
0pm
Bl(ih
d.
d.
(L
«.
«88
160
800
801
607
600
811
613
611
606
807
606
168
488
163
603
806
808
810
618
810
80S
18»
188
163
803
607
608
611
160
180
800
601
806
810
6 It
618
811
808
101
161
603
808
608
811
818
611
613
813
810
6 IS
610
808
6 07 807
806 806
6 07
8 06
6
tM». aUu.
d.
160
160
800
801
8U8
6 10
8U
8M
Opm
Biih Lou.
4.
161
lai
6 03
80S
608
611
6 18
611
611 618
808 813
808 810
08 6 03 808
«.
Clot.
d.
168
ir>8
103
6 03
800
808
6 10
6 07
6 11
8 0U
8 07
800 807 806
808 603 608
SOS
606
8 07
6 0S
Wlour,
Wheat,
BvhMUu
8e.eo3
70.483
188.476
lll.oon
ObMwo
881
.
.
JItTSlaad.
it.
Marcb
c.
c.
delivery
May delivery
June delivery
July delivery
August delivery
Dec. delivery
e.
o.
c
Sat.
Hon.
lOa^a
110»8
107 ig
lOSig
lllifl
100''8
97^8
99^1
111%
II014
10838
IO6I4
107 »a
10514
Wed.
110>4
110>«
107 »8
105 iS8
102%
102
19
KO'b
Tue*.
Thur:
yri.
110'.,
110
110
107 >s
106%
105U
101%
104=8
lol-'g
97 3»
«7>a
97 >4
99 '8
97 'a
11078
lom
99 >«
India 1 corn showed, early in the week, a pretty liberal
movement at the Wtst, considering the short crop. But
supplies met with euch demands from all directions that a
scarcity has continued to be felt and partly from sympathy
with wheat a speculative advance took place. Today there
was some reac ion toward lower prices, leading to a better
business, partly for export.
DAILT OLOSniO PKICBS Of RO. 2 MIXED OOBH.
Sat.
Man, Tuet.
Wed.
r*ure rti.
63 19
February delivery
62
c.
63
62%
63 ^i
63 H
6239
Marobdellveiy
61 ii
6.:»4
63 19
0.
02%
62%
May delivery
..c. 59%
60 >t
00%
60%
60%
60%
June delivery
60
60>«
c.
69 7«
6014
6018
July delivery
60%
0. 59%
6u%
60's
Oits made a further advance; choice white grades brought
f itreme prices.
But soeoulation was without spirit, and today the market showed some depression, not, however, with
any great pressure to sell.
OAILT OLOUNa PJUOBB OF HO. 3 mxaO OJLV
c.
Hat.
lUnn.
9931
Tuet.
99!lj
Wed.
Thur$.
ftt.
February delivery
o. 52
52'9
52>«
52'«
52'<i
52%
Maydelivery
0. bVe
81%
5l"9
52
Sl'g
52'a
Rjre and buck *heat are held higher, but very quiet. Barley 19 lower for so ne grades, especially State growths, and
ihe market is very unsettled.
The following are closing quotations for wheat .flour in
barrels. (Corresponding grades in sacks sell slightly below
these figures):
IXOUR.
Fine...
9 bbl. ^2 90993 35 Patent, winter
»4 90«$5 26
Supertlne
3 35» 3 65 aty shlpplUK. extras. 5 109 5 20
Extra. No. 2
3 659 3 85 Kye flour, supertlne.. 4 209 4 40
Extra, Mo. 1
3 809 4 25
Fine
3 259 3 50
Clear*
4 109 4 60 Com meal8iratRbt«
4.50« 5 00
Western, *o ........ 2 809 3 10
Patent. 8pnn«
5 C09 5
_ 60
_
Brandy
9 3 25
wine.
Buckwheat llour, per 103 lbs., 2 5092 60]
OBAJH.
Wbeat—
c
per bush ... 95
Bed winter No. 2 ..1 10
Bed winter
87
Bprlni;,
White
Eye—
Western, per bush..
Btate and Jersey ..
Barley. Western
102
77
78
75
84
78
878.834
165,700
i.8e8
84.M70
11,704
71,100
iiM.iia
«S,7M
1M,IM0
4S,6)(i
8.850
6.030
85.858
aajma
iu.e3o{
6i.MI
54,65 -I
84.813
86.830
8,760
16.600.
888J)6»
801.800
1.3S1.871'
T.TjisiS
1.136.863!
3.616.807
1,680.877
1,707.085
.
Look
11.871
8)t.8SS
PsorU
"801.707]
ToUwk. tl
Urn* wk.'SO.
•1 17
»111
•1
•1
14
IC
81
83
81
93
88
Oon, per bosh.—
West'n mixed new.
W'n mix. No. a. new
West'n yellow new.
Western white new.
Oat8-Hlxed..« bu.
White
No. 2 mixed
No. 2 white
81,880
500
1,578
6M.56I
85.878
63.008
81340
1,'!3,B48
SMt.OSl
2,158,831
1,037.163
663,818
178.187
1880.81
&.a8e,38i
71.304.643
48.887,073
58.051.865
83,338.803
8,761 815
18e»-80.....
ISSC-^O. ...
6.476.168
5,175.340
8<.747,5S8| 81.386.76H
17.08«.77S| 17Jt33,33B
1. 068.884
84.1I8.BS2
17.»7i).55fl
18,807.90-)
8330.788
2(ie,01!7
tern* wk.nst.
MlK«4««.
1.
«t.ia7.5H7
attportM
_
from—
Wlitat.
Oom,
riotir.
B»«»A.
Bueh
Bble.
ewTork
177,439
687
88,486
7,554
276.640
Boston...
Portland.
Montreal.
Pklladel
Baltlm're
54,923
H. Orl'ns.
Ry.
BiuK.
9
63%9
61 9
61 «
.^2
•
53 9
52>i9
53%a
61
Buckwheat, per bush 70
•<»
OS's
65
54
62
53>g
54ia
72
The movement of breadstutfs to market is indicated in the
'ttatement below, prepared by us from the figures of the New
^°^'^'^'^ Exchange.
first give the receipts at Western 1lake and river ports, arranged so as to present the comI»rative movement for the week ending Jan. ;i t , 1891 and
since Augttjt 1, for each of the last three rears:
We
,
Peat.
Buth.
11,403
185
679
18,860
8',433
4. .500
OaU.
Jhu*.
6,406
14
17.143
39,212
N.News..
5',723!
99,3471
454i
2»
27,533
Klolun'd.
Tot. week.
363,406
231,495
229,778
6.706
11,193
159,585 2,284.425
16ri.473
177,208
79.366
8'me time
1890...
The
supply of gram, uumprituug tbo stocks in granary
at the principal points of accumulation at lake and seaboard
pxta, and in transit by water, Jan. 31, 1891:
Wheat,
Com,
Oau,
Barlty,
Bye,
In etore at—
buth.
buBh.
buth.
buth.
buth.
visible
HewYork
Do
afloat....
1,381.270
40,000
Albany...
•1,166,772
Baffialo
Do
afloat
Cbloago
Do
afloat
Milwaukee
Dolnth
Detroit
Oswego....
8t. I.,oul8
3,637,954
832.807
205,227
55.000
1,409 967
afloat
Cluolnnatl
Boston.
Toronto
Montreal
Philadelphia
Peoria.
Indianapolis
Kansas City
Baltimore
Minneapolis
On
On
28i;i52
65(>,.')36
Toledo
Do
142,000
6,498,010
166,110
392,586 1,454.376
8,300
12,000
45,200
77.000
178,112 208,926
Mississippi...
oanalift river.
Tot. Jan. 31, '91 .
Tot. Jan. 24, '91.
Tot. Fob
1,'90.
Tot Feb. 2.'P9.
Tot. Fob. 4,'88.
8.000
62.403
Iu6,193
315,501
123,883
23,254
162,174
223,056
399,145
6j081,170
91,010
7,800
171
171.752
21.692
80,000
636.233
41,000
2.000
121,317
11,550
73,923
212.228
122,9)0
31,664
123,563
591
51,333
24,900
42i;898
50,573
3,140
938
23,063
10,003
18,500
8,000
22,500
34,795
196.816
72.000
34.600
927,80-1
iiii'Mi
256.195
52,610
423,24^
3,57a
'19,399
3,386
..1
295,.569
.
310.00U
105,Ǥ"
255",23'7
53.006
141,556
131,307
7,937
ioj.oSi
41,560
,
ijeisio
96.937-:
B6,088
26,530
45,393
li!5.163
173,919
14.079
9-J,931
125,761
3,418
46,925
30,200
365
957
„
23,5S3
..-
.
616
108,200
23,799,247 2,612,243 3,524,368 401,812 3,144,068
24,263,233 2,675,135 :i,473,0H0 418,126 3,381,473
31,489,193 11,918.417 5,l5iJ.474 1,313.403 1,895.211
31,874.338 13,323, iifll 8,061, <t6 1,69-!.091 2.381.180
4l,0eiU,61« 7.8 17,'>70 5,102,768
363,16S.,ii93^,l59
Vf
THE DRY GOODS TRADE, \-7jf
Hhw York. Friday
February
inn. {\
P. M..
6.
The dry goods trade during the week under review wa8
rather le 8 active than anticipated by domestic commission
houses and importer.-t, and busines tin the jobbing branches was
characterized by a good deal of irregularity, certain specialties in spring goods having been freely distributed by some of
the principal jobbers, while staple fabrics were more or less
The movement in s,>ring and summer goodi on account
was of very fair proportions, liberal deliveries
ia this connection having been made from fir^t hands, and it
m a gratification to report tliat very few cancellations of
orders placed some time ago have been made, deipite the very
cautious policy lately adopted by buyers in some sections
of the country. The event of the week was a large perempquiet.
of back orders
tory auction of domestic silk ribbons, the production of the
Phopnix Manufacturing Company. The offering was the
largest of the kind ever made in this country (9,200 cartons),
and all the goods were readily disposed of to fair advantage.
Domestic Woolen TGIoods. There was a considerable influx of wholesale clothiers from Western mirkets, and a
somewhat better business in heavy clothing woolens was experienced by the commission houses but there was rather
less snap to the demand than might have been expected
under the circumstances. Heavy piece-dyed and fancy
worsted suitings and trouserings were in pretty good demand,
and prices remain firm because of the relatively high cost
of worsted yams. Heavy union and cotton-warp cassimerea
were more active than all-wool descriptions, but the latter
were by no means neglected, and fair- sized orders for desirable styles were placed with the mill agents. Kerseys and
beavers continued in steady demand, and there was a more
frequent call for rough-faced overcoatings. For cloakings the
demand was chiefly for the more staple borts, and stockinets
were in light request. Soft-wool and worsted dress goods
were fairly active in movement, and there was a limited
hand-to-mouth demand for flannels and blankets, while carpets continued in fair request.
—
;
o.
58 7S3
,
1891.
6,
—
c.
66,000
8.T08'
for
February delivery
15.080
1.008.518
88.618
888.380
DolBth.
Mlnnsapoll*.
Tolsdo
OMrolt..
Ofn.
Barttf.
Ojta.
RW.
BueSJUUf Buehjnib' Bu<A.lMU/ Bu.MUit
Toe exports from the several seaboard porta (or ine week
tolinK Jan. 31, 1891 are shown in the annexed atatement:
wheat flour has ruled firmer but inactive.
It has be*n a struggle between buyers — who were incliaed to
(ake hold pretty freely at old prices and the sellers, who were
inclined to insist upon more money to correspond in some
degree with the advance in wheat; and the general position
remained a good deal unsettled. Today trade was dull, and
efforts to advance prices were generally abandoned and a fair
business was done. Wheat was quite buoyant early ia the
week. The bears began to take alarm at the general position
and bought freely to cover contracts. The high prices of
corn and oats have undoubtedly increased greatly the home
consumption of wheat, and made our markets somewhat independent of an export demand. Needed rains have fallen in
California, improving the prospects for the next crop on the
Pacific Coast. European advices have been conflicting. The
advance culminated on Tuesday. On Wednesday and Thursday the market was quite unsettled. To-day the market was
weaker and UDiettled owing to better weather at the West
and improved prospects for the next crop.
OXILT C1A>BU(0 PIUOBS Of HO. 2 BBI> WDTrBK WHBAT
Canadian
231
BMi.lVOUu
lUlwaakM..
d.
167 168 187
167 168 167
168 163 163
8 08 503 5 03
600 B06 6 0S
80S 806 807
810 610 608
611 818 510
508 610 808
Fmdat. February
Btate
at—
Vrl.. Fek. 6.
BREADSTUFF S.
The market
';
..
THE CHBONIOLR
7, 1801.]
W*d.. Fek. 4.
OpMi
.
._
)
,
THE CHRONICLE.
252
—
[Vol.
h^^
Importations of Drr Goods.
The importations of dry goods at this port for the week
the ending Feb.
5, 1891, and since Jan. 1, and the same fact*
DOMBSTio Cotton Goods. The erports of cotton goods
from this port for the week ending Fdb. 3 were 3,054
packages, valued at $163,016, their destination being to
points specified in the table below:
irww YORK TO Feb.
for the corresponding periods of last year are as follows
1891.
1890.
Week. Since Jan, 1
Week. Since Jan. 1
|H
3.
)tal
w
S
SI
nt'd
Bilk
Flax
Cotton
isoellan
129
7
879
286
150
42
240
62
141
Great Britain
Other European
Otilna...................
India
Arabia............ .....
Africa........ *.->•-••.West Indies
Hezloo
Central America
Boaih America
Otber countries
•
5(4
7
200
64
85
2,6S2
1,276
805
375
657
45
1,928
620
176
188
552
3,736
638
2,765
130
31
299
19,855
5,900
25,755
3,05i
J
CO
K
Fall Elver mannfaotarera
Providence speculators
Ontslde speculators (est)
1890.
Feb.l.
Feb. 2
None.
None.
None.
None.
Oslo
piisjcellaueotta.
Schaar,
&
Koch
I
00
*».
tD3S
q
00
QD
j
H*
I
O»t0
tOOO
'tooQOrf*.a>
t)oit$.
Banki. Banksn, Stock Broken ana
>
oiw.
ntloiu with eoBplets oatAt* of Aeeonnt Bo. ks ant
Btatlo nTT
M.w eonosmi onanlUns vUl kav* tkair OM*
promptly ezoonted.
r~
ODW
osoa^-j-q
CO
CO
CO
CO
tOM
eow
CJ>
CD
1
>
S
*.Wo.oco
Ji
t0l-O!0t0
to
CO*.
10
to
-01
toco
COS
lOMM
H
to
CO^lkSOl-'
D
a
0>O
*"
en
ooAoscoc:
*.Mtoaioo
o
s
M
cut-
&
CO.,
^
to
M
o:
o
•^i
I
'
COO
SD
COCOCOMtO
eocococoo
MMCncneo
<-
Uo
lO-l
\
CCCT.
CnODODiUCO
5
"
cno
to CO
obcc
S
OD
*•*•
tC(0O(»*
8
M
M
Ui
SO to
cptoooVoo
»
lOODif^'OSCC
-J
CO
<i:x)-^
toco ^iW^iJ
to
Vooolfk.'^M
s=s
<»0'Cnxto
ODOiCOCCCO
Wt-'<ICOpfr.
u o> -q oi
OSODjK|tOif.^B
bobtVo^
•£>
OOOSl-'OHJD
0*'<JOK»
tOOOiOSW
<s>fDa)<x>v
QO-s|r^CHO>
MMCO
to -J
QCO
CI.
w cc Oi v
Wi^COVCO
M<l
COS
coa
tout
*•
.^
a
\
a
to*-*-]
00
00
eocny>CiQo
3
«
s
2
H
MMiocn
1
CO
•-i
c
'
to CO
CDt-tCJOCO
^ M at cc w
pi
I
cn^cocox
coco
coco
Qocn
1
M
I
H
ffi*Mao
too
to
kd A>
O CO » VI
COM
*
CO
-4 -a
MiUMOM
2
Wit-axi'o
<I
It^
^wu'ta^
d
en CO
CO
CO
CO
X
K
>
o«
cs
t
^OiOlOSX
tt
to
to 4^
to to CO 10
(DO
ooi
•JCDMCCrfw
*
to
»0<1COO'<1
;
ODyco -i©«
OMCntOCO
-5tO
<b*.<1-4m
^CO
cn^
0*COMCO
WOSKCPOO
OOOMtOW
CO 00 09 CO
OS '£ to to A
r~-
1
1
financial.
BOUGHT AND SOLD BY
British
Ins.
A.
Co
P, BLAGDEN, Manager,
A. FRANCIS, Assistant Manager
R. H. WASS, General Agent.
W. R, ECKER, Assistant Gen. Agent.
H, M. JACKSON, Secretaiy.
SAM,
E.
7
FOR
HACHFIELD,
PINE STREET.
SAliK-MarletU Mineral
Dublin
Isi 6s.
WANTED—All
ST., N. Y.
Empire
it
&
Augustus
Floyd,
BRANCH OFFICE,
WILLIAM
1st 68.
Brooklyn & Montauk 2d 6s.
underlying bonds of the Colum-
bus & Hocking Valley RR.. Indianapolis
TIneennes ists and Sds. Terre Ilaute i, Indianapo Is Southern securities consols.
42 Pine Street,
BroJcer
SS>
Provident Life
&
in
New
Investment
York,.
Securities^
No Transactions on Marsiae.
Trust Co.
OF PHItADEIiFHIA.
M
P0UCU8 ABSOLUTILT NON-FORMITABU ATtCB
Incorporated Third
Mo„ SM, 1886
Staten
(CHARTER PBRPKTDAXi
u
Gaa, Railroad and Electric
Stocks.
"
sent.
Mi
Bankers,
generally.
most complete Code book pnbllshedl
Sent on receiptor price ($2..50 per copy) to all
parts of the World. B. H. TYRREL, Sole Agent,
£y mail add 1 4 «»//. 74 Ualden Lane, N. Y.
SAM'L
R.
SIIIPLKY President.
WI8TAR BROWli, vfce?P?e.ldent.
A8A 8. WING,
Tlce-Presldent and Aotnary
T.
JOSEPH GILLOTT'S
STEEL PENS.
GOLD MEDAL,
Paris exposition, 1889.
C*.
8.
UNION MUTUAL
Life
Insurance Company,
PORXLANO, inAINE.
INCORPOKATED
184S,
The attractive features and popular plans of thiswell-known company present many Inducement*
to intending insurers peculiar to itself.
Its plans are varied and adapted to all circumstances.
Send to the company'^ home offlce. Portland.
Maine, or to any aKcncy of the company, for publications describing its
Non-iorfeitlnK Free Tontine Policies, with or with-^
out Mortuary Dividends, Ordinary Life 10- Year
Adjusted Premium Policy. Guaranteed
Investment Pol cy,
and other forms of l^olicle-* also lor pamphlets explanatory of the Maine Non-forfeiture Ij\w, aad"
liistof claims paid, thereunder.
;
THE MOST PERFECT OF PENS.
Ucht
GEO. B. RIPI.EY,
M6 Broadway. Kouot
;
the cost of every
Island Securities
A SPECIALITY.
CAPITAL
8KCONI1 YEAR.
Si,ooo.oee
Uf CASK or ULP8I the Policy li contikxtto in roBOI
ASSETS, »34,353,636 08
Ion< a« lU Talue will pay for: or, If preferred, a
Fald-np policy for lu full ralne Is tssned In exohanger
ANNUITIB8. RBAfter tbe second year Policies are inoontcstablx, rR?vS?"M«yjl'^'„g»*NT8
CBIVKS MONKV ON DEPOSIT,
returnable on
except as acalnst Intentloral frand and aU retr^ demand, or on which Interest Is allowed,
and Is
ttont at to raUmci, trowi or occupation ore removtA.
KXKCUTOR, ADMIN.
Cash u>anb are madeto the extent of 50 per cent f£lP|?TS',?u''.Ii*T7ok? »«' OOARDIAN.
AfeaiGNKB
i^'i'il
f^Aiu
J^HSTJ??.
of the reserre Talae, where Talld asBiKn:nenU of the COMMITTElK, RBCKIV'kr,
AQBNT, etc., VOr the
policies can be made as collateral secancy.
°' "bloh '»• capital
•'"'""•
anC
.?'„i ','"'I'P'™?1°«
I«S8B8 paid Immediately apon completion and ap>
surplus
fund furnish ample security.
'^
proTal of proota.
Inveatmentsare keptseparaU
•nrt .„'?« from
Z"^!,?'"'
the
asseu
of
the
company
^fc J?""
•"""•'<" i-esidlng abroad carefol
o«iw.P.?°°'SS',
Saves nine-tenths of collected
and duly remitted
to Merchantt,
^J Indispensable
and business men
5
oo^-acoco
Mif^totox
-JX
•to
lOCT
0DpMO«C»^
2
ODtototocn
OS
w
OU'OO
a H- o
X *^
n
10
CO
a*.
CO AOOOOO
-4*. CO**.
ObAtOtO^
WM,
U. S.
LlabUltlea (N.Y. and Mus. Standard).. «l,828,e28 28
gnrplua
8,408,385
Borpliu, by former N. T. Standard,
(Am. Kx. iH per cent Beserre)
5,830,036 Ot
^TelegrapMc Code
*?
N. J.
AueU (Market Talnea), Jan. 1, lBO0....%ti,S»i,963
^
It'
-4
5
_
oj
President.
messaee
<
5
to
-a*-
«0m
OJO
Mcn
o»j
CO
05
-to
coo
-)W
Mercantile
No. 54
NEWARK,
•....
^mn
MMtO
OO.XCCO
bt'cccDicio
E
«
CO*-
The Mutual Benefit
INSURANCE
E
Investment Securities
STREET,
rHANOVHB BQBARn
AMZI DODD,
o*<icn
COM
It^
o
OSK)tt-^*J
OF
STATIONEB AND PRUrTKB.
I.IFB
'mcocc*.^
o:cooia.x
<1(00<1CO
tocoxaco
coobcsco
c»coco»o
ffiCO
t3
LONDON AND EDINBIJROH.
CHICAGO, ILLUrOIS.
WILLilABI
OS
WMQO-qOO
a
*
O
to
North
S,608 Sonth Halstead Street,
Iko. 1
to<i
OSM
o
^
»0
p
Co.,
Mefotlators of First Hortgrafre Loa»8.
SappUw
H
W^isczlVsintaiXB,
BANKERS.
Eugrene U.
>
M
K
a
M C CD M
X.
Ik
f-
—
QC
CO
M
tap
,_,
None.
771,000]
323,^0
Total 8tooh(pleoea).„
FoREiaN Dry Goods have displayed very little animation
in the hands of importers or jobbers, the demand by retailers
having been mainly restricted to a few specialities, as linen
goods, British and Continental dress fabrics, etc., which were
taken in moderate sized parcels to a fair aggregate amount.
Prices of foreign fabrics are generally firm because stocks—
as a rule are by no means redundant.
:
^ M
1889.
303,000
17,000
None.
3,000
to en
W
«a
U
i
:
<
COM
V
to
by some of the leading commission houses. The market retains the steadiness of tone reported for some time past, and
the best corporation makes of brown, bleached and colored
cottons are well sold up, and firm in price. Ginghams and
other "wash" fabrics were fairly active, and there was a moderate business in printed calicoes. Print cloths were in fair
request and closed firm at 3o. for 64x648 and 3 9-16@2^c,
for 56x608.
1891.
Jan. 31.
341,000
425,000
None.
5,000
H
<ltCC&<IOO
coco
The value of the New York exports since January 1 have
been 11,083,707 in 1891. against $614,381 in 1890.
At first hands the demand for staple cottons by local and
out-of-town jobbers wai comparatively light, but a very fair
business with exporters, converters and "cutters" was done
Held by Frovidenoe manuTen
MMtO
iP>Qoccocn
SiiliiS
i
:
QCtO
-J
CO
CO
QD
b;
g
8:
MM
MO
O
to
t033
Oito
From New England aiill points direct.
Stock of Print Olotkt—
..
Vr
(ft
QC05
M
...
..
to
12,717
2,273
Total
lor
? Si
1 i
? ii
€-*
11,517
1,200
2,273
S §s
Wool
anufaot
at
t
393
91
203
801
3,054
Total
*
165
83
9,575
2,079
1,760
l,C9l
18
Total
China, via YancouTcr.
492
:
@FedFRASER