The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
:
1
'
1
teniae
HUNT'S MEUCHANTS' MAGAZINE,
REPRESENTING THE INDUSTRIAL AND COMMERCIAL INTERESTS OP THE UNITED STATES.
VOL.
SATURDAY, FEBRUARY
48.
Terms of Snbscription —Payable
in
Advance
For One Year (InoludlnK postage)
do.
For Six Months
10
28
64
1888.
New York.
DANA &
OFFICE
NEW YOKK.
BOX
9.58.
3,069,703,884 2,521,179,735 I-21-8
Boston
Providence..
Hartford....
New Haven.
Springtleld
2,(- 62,688,060
2,875,528.895
365,908,513 +17-7
361,185,433
373,470.93»
20,336.000
8,739,850
430,705,477
23,887,600
11.026,564
6,914,460
..
the gain reaches 3'7 per cent.
Hew York
1889.
:
+0-6
653,681,833;
(1,116,800
(3US,40O)
(85,813,125)
'84,«9,000)
(+35-7)
(-2i-7)
(—7-51
(-58-2)
89,63 1, 8i)9
4,Sf«.OoO
1,»18.247
87,259,990
4,455,500
+8-6
—1-6
l,H37,e.S)
-1
llaveD
SorlnKSeld
l,U4il,liyO
-14-5
—5-0
Worcester
Portland
1.1114.247
b49,021)l
1,224.372
l.UM,SSll
t09,513
96.304,2I»
4,848,800
1,967.552
1,1«7,H16
P. Cent.
(151,2;J0,7iJ6'
tSUtcks
9harei.}
ICotton
bales.',
tOrain
(Petroleum
busheU.]
I>W».'
Boaton
Providence
Hartford
New
;l.310,5,'!.'!)
|995,S12)
(IKa.HOO)
(86,»18,H»-i
(34i).ioor
(24,841.09211
(10,220,000)1
1_
England...
Phnadelphia
Pittsburg
Ballimore
,
Total Middle
Cincinnati
Milwaukee.,.,
Dttrolt
,
+23-6
+4-4
+20H
l,i;00,89i;
+115
—»4
995,449
+ 110
6l^,731
-8-5
927,9011
701,427!
+29-4
+3o'5
88,383,733
+2-0
108,111,202'
+213
I
100.300,I82i
72,281,0731
II.Ual,5N)
13,»02,196
+16-7
61,927,317
1 1,4»8,935
Grand Hapids
Total M. West..
55.5-9,303:
lO.lSi.lOO
56,935,639
-0-8
-3-7
53,.'i98.01li;
5.US8.98S
4.081,819
5,147,806
-21
4,711,0-.'S;
89,204,033
10,117.8001
+75
-2-1
+
312,662,763
234,810,066 +14-«
47,956.200 +4-4
218,347,774
46,296.350
17.939,824
15,324,824
197,2,36,»S7
S; .973,300
]3.5'J2,355
407,933,183
Paul
Omaha
Denver
9.746.612
7.033.455
6,981,399
6,0116,454
+«-3
+7-4
4.497,9'«
2,200.332
2,712.t'l»
1.41],4S:i
359,380,928+13 4
327,688,380
291,083,210
+9-7
30,613,192 +23-6
13.473.178 + 200
l.->, 140,031
+6 8
12.7:j5.:i6l' +27 3
57,2M,075
41.P52,231
17,902,42*
10,497.243
9.909.586
5.914,903
2.909,440
1,985,949
,
197,748,633
187,911,5C8
Orleans..
.
66,6B7,8»1
31,263,842
27,077.^02+13-4
14,2<Hi.H«0
10,1100,000
1
207.734.423
.
,026,081 +2.S-H
—
4,004,41-i
Total South.
1
7,4Si),00 1+37-5
5,413.800 +30-3
34,219.803
7,031,484
Norfolk
+rr7
73,489,443 +14-6
S«,«99.i69 +0-7
84,19n,''04
8,570,(93
28,409.035
13.-.;38,83:1
13,517,000
10,4-iS.171
7,t: 85,190
6,290,21)8
f8-
6,243,880 —0-3
B.H9),296 -423,277.777 -8l,«10,2i6 +61-8
8,831,000
Lonls
+1-2
9.508,K07 tti«-9
2.994, 183
Total other West
12.348,.327
(•,U9i,643
6,22(1,494
Topeka
16.687,419
-33
5.7(1.^ ,5T9
Duluth
Joseph
Los Angeles
Wichita
228,31.3,102
8-J,617.9SB
9,994,6^8
9,076,924
03.373,4,'!3
St.
New
+
9,fl-'5,104
.Minneapolis..
St.
17.704,393' +26-4
19-;!
18.3as.:W8
18.164,3931 +20 3
B0.546,S21
S8.298,»13
10,089.803
16,177.693
lfl,a 16.444
15,8a6,Ha7
+2 5 Louisville
+iTa Memphis
Rlchraonl
+118 tJalvoston
13,393,2011
..
San Francisco
Kansas City
+12 7
•f]4-l
10,801;»lOO
Indianapolis^
Peoria
12,26«.:i.->4
j-ir
362,942,809
50.031 ,430
22,310.184
21.875,671
15,841,893
10,112,678
8.777,736
6,630.86r
3,125,637
Detroit
St.
51,731,706
374,393,434 +13-2
269,209,079
64,5)3,075'
—40
li,tiOi,«ae
85,017,910
98,U«l,S18l
Chicago
(+25-61
(—4-2)
(+57-8)
(14,^21,000)! (-02-8.
93lJ.7a6
591,113!
New
+18-9
+3-4
+47-1
1,05 7,053
Lowell..
Total
610,704,9291
61,-2-20,896
423,715.488
Total Middle..
Columbus
P. Cent.
421,470,680
270,331,294 +15-4
51,9i2,266 +29
62,139,874 +H-7
259,407,935
42,313,978
58,258,140
Cleveland
18S9.
+1B1
8,325,2!i»
3.718,-91
3.731,620
4.006,927
2.142,264
421,753,672
63.41>i,485
Pittsburg
Baltimore
Milwaukee
28.
+1-8
9.154.0201
5,849,2c5!
4,n71.249i
4,090.0921
4,345.237'
2,S88,783!
-1415,013,610;
312.0?8.8«1
Chicago
(TMk £nd'9 Jan.
5,>^11,154!
+18-1
4,514,712!+ll-3
4,570,«k2 +3-0
2,816,812 +20-1
4.810.-; 701
20,3.11,6001
499,843,642
Philadelphia..
Cincinnati
a.
23,519,5o0l
9.801,520 +12-5
6.024,2 jl
4.708.773
3,892,410
Total N. Bng..
For the week under review the returns of exchangee f xhibit an increase over the corresponding week of last year of
5*5 per cent in the aggregate, while outside of New York
-09
5,l'83,897
Worcester...
Portland
Lowell
CLEARING HOUSE liETURXS.
Week Endint February
Januarv.
January,
7s.
8a,
liondon Aeenta
pj,^^
1,233.
—
:
Kessra EDWAKD8 * Smith, 1 Drapers' Gardens, E. C, who will ta)ie
absorlptions and advertisements and supply single copies of the paper
•t Is. each.
Co., Pnbllsliers,
wniiAH B n»Ki OVII-I.IA'ri «.
lOa William Street,
i^mTo FLOVD. ^
fOBH O. Fiovn
J
NO.
1889.
the gains are important. Moreover, the present aggregate
has betn exceeded but twice since we began our record, the
months recording greater totals being October, 1888, and Decemher, 1886 periods of much heavier stock speculation.
$10 20
6
Karoi>*an Subscription (Inolnaing pnstaire)
11
Euroi«5an Sn'jaorlptlon Six Months (includlns postage)...
6
Annual subscription In lK)ndon (Inoludini; postage)
£2
do
do
do
Six Mob.
*1
9.
185,018,205 +12-3!
5,30;,b6(j
"3;943,5e«
'6,312,825
"tioo.dijo
142,438,005;
97,010,230
71,4»1,6i0
63,21.'.,906
4i,6«.3,.'>4ut
41,289,102
20,903.314
7.953,628
6.211,000
22,302.2;3,
10.807.5T8
6,401,000,
6,3*'.0«1
3,568.408
6.1126,867
3,396,084
151,595,021
188,527,017
1.-5
+ S9
.3.018.141
2,741,884
2.ii}%.i(ni
S!,au8,78il
1,847.3C8
1,571,5«6
tt72,«70
2,311,087
1,437.016
521,770
+1*J
+10-1
+2-9
-21-1
+9-4
+28-»
84,279,989
85,28*,339
-1-2
81,610,806
15,527,801
15,e5S,iaS
+11 7
0,4.>f0.259
-0-8
+25-3
13,745,POol
8.4vl.01li|
T-:l4-3
3,652.631
+41-4
Oouiba
8,AM.038
3,115,043
3,744,287
3,113,879
2,067.778
-150
Bt. I'juil
8,05(>.l«l
2.l>48,«43
3,020,30rt
I,Si!l,Sai
l,48'l,!a3
+34-21
2,147.211-.,
-21-6
I,2I»,5m1i
1,4«3,000
767,332
244,831
-53-11
Cleveland
Colnmbup*
Indianapolis...
Peoria
Grand
Uai.lds.,
Total ^tWdlo Western
-HCO..
Penrrr
4.0(10,715
3.177,244
2,176,061
l,ia3,29x
6«5.nofil
Top*»ll>i
Sioux City*....
Total Other Western.
675,838
X90,5;»
411,441
40,922,344
4.132,7971
3,0.^.9;
Ontslde N. Y...
-8 7
Lonli
New
Orleans..
Louisville.....
Mvmpiiia..
UichnioiKl
,..,
10,102.413
11.519,194
7.i08,483
1
II
-I'l
454,71*2i,
Descrtption.
RU. bonds..
+-
+22-5
40,650,290
'
a>„„i. S Sh's
Stock; ^.^|
010.000
sjm.6ui{
8,116,564
£,878,106
2,193,19)1
1,><50,000.
+17-0
+11-7
18,175.490
12,495,121
B.«IM.052
+147
+8S-1
•4-18 5
».272.2«2i
+81-9
-o-»
l,3.'«.Sfl6l
(^ov'tbondsi
State bonds.
Bank stocks
Total
...
939.U32!
Cotton, bis.
Uraln.bush.
Par Valtu
or Qurtntitu]
4,872.1"S
«i2u,7so.ii.3;i
t30,3J.o.5-.i3
«7<J3,7oo.
|818.700
$197,750
Actual
\Ai>tr'tt\
Par ValW
Value,
Price,
or Quantity,
283.112,394 663
143,505,3091 no.4
J033.04S 1210
»542,818, 8e-S
$233,491 129-2
69-0
$49.Sil9.970'8« 1-lOc
57,919.000
$1960
2.017,100 tlOl.323,5.35
48I,8«,S25' 13)^,369,75?.
10!4,03i,S4^1
85 >»!.
$clO,27il,3-Jl
|
3,026,117
$826.14-46.30
$34,928.2110
1888
\A.t«r^
Actuai
Val u«,_
Price,
I
j
'
.I...
«4-4
j
»8W,6o01
$536,W)»I
$221,160
t
i.i,'.-i,/
03-8
$2«1,28J 131'7
$382,705,200' $24;i.-
:.".n
a7-3
191,8e«.O0O'$17
2,5Wi,100 }l
89,164,077, 17.
ilMio
44
'
1
+SI6
+2-8
+35 3
JTaniuirir,
January, 1889.
I
7«a,757:
—3-6
—7-6
l,W76,t!:!0
1, 278.821,954
•iO-1
3.321,810
-9-0
l,72»,997,092!l,S08,735.795! +1 4-5: 1,414,019.7961
4,149,350,84»
belo'T our compilation covering operat'ons on the
+13-3
various New York exchanges for January in the two years:
8,l«li,:i3.il
+81
!
Wegive
1
Pet'l'm.bbls,
Bt,
4,79«,709,976|4,029,915,530:+lU-0; 4,36 7,305.8-6
all
-59
571,224
-10 8
+18-7
17,flS9,227
-2
2,019.891
1.827,371
1,462,143
—19-3
+13-3
+t8-6
39,696,792
+10 9
8..S40.II38
Total
Total value!
|$574.(y38,63l!
I
$631,339,4661
2.1:t.'..00o
by
The returns of exchanges for the
aggretelegraph this evening, exhibit a large increase over the
J IflO
Total Soathem,..
-2-8
4a,6S8,S97
43,860,791
48,020,7921
gate for the corresponding period of last week, and, compared
48-5 l,01«,8Se.050l
Total all
+17 7
l,018>32S,42«
968,930, 581
in 1883, there ia a gain of 31-2 per cent. Oar
Ottt«t<l8 New York.
+15-4 with the five days
8»5.I0l,t)00| 33«,28S,a>»|
+8-7 S64,6iO,223i
an
estimate for the full week ending February 9 indicates
* Not Included la totals.
The exhibit for the month of January is a very favorable increase over a year ago of about 29 per cent. Messrs, R, O.
ended
one. Compared with ths corresponding period of 1S88 there Dun
Co. report the number of failures for the week
is a large increase, which ii participated in at all but six tonight as 803 (273 in the United States and 30 in Canada),
of .the cities reporting, while contrasted with 1887 and 1883 against 333 last week and 289 for the same lime a year ago.
Galv««ton
Norfolk
l,tl».133
862,251
088,NM
809,410
five days, as received
[
1
1
&
THE CHRONICLR
168
[Vol.
XLVIII.
cable to us, was the result of a receipt, " principally
bought," of £16.5,000, and a receipt from the interior
The money market has shown a disposition to react of Great Britain of £180,000, The Bank of France
This has been due in some measure to the showed a gain for the same week of £173,000 gold, and
this week.
absorption of currency by the Government, but more the Bank of Germany a gain of about £314,000 of the
largely to an increased demand, the latter in turn leading same metal. The open market rate at Paris is 2|, while
THE FINANCIAL SITUATION.
to a decrease in the offerings.
As
to the interior
move-
towards this city, though the
outflow is a little freer, so that the net movement is not
The larger demand for
quite as full as it was weeks back.
money referred to, seems to come from all quarters. The
stock speculation has brought to the surface a variety of
properties hitherto lying dormant, and in order to carry
them for their customers the commission houses have
been in the market as borrowers. We hear of large
amounts on time taken on Boston account, wholly on
ment
of currency,
it is still
at Berlin
it
is
1^ per cent, and at Frankfort If per
cent.
Our foreign exchange market tended towards ease this
week until Tliursday, and on Wednesday the nominal
rate for long sterling was reduced to 4 86|, leaving that
for short unclianged at 4 89.
The
explanation for the
was that the demand had been light and
that the offerings of bankers' bills had been more liberal,
there being some long and short sterling made against
easier condition
anticipated negotiations of Northern Pacific and Chesaone stock, at about 30 per cent margin. Other time peake & Ohio loans. These amounted in the aggregate
loans have been " fattened " with purely fancy stocks to a comparatively small sum, and had they come upon
put in at satisfactory margins, while in some cases this the market when the demand was good they would probAs it was the offerings
sort of collateral has constituted the body of the loan; ably have had little influence.
what was considered ample security and fairly good rates simply served to change the tone of long sterling from
have been obtained in this way. There has also been steadiness to a slight weakness. There was a partial
an improved demand on the banks from their mercan- reaction Thursday afternoon, sight bills being a shade
firmer as the result of the change in the condition of the
tile customers.
With the inquiry for money so materially improved London discount market, and this firmer tone continued
and widened, and with the Treasury movement showing
a balance against the banks, it is no surprise that the
tendency of rates should have been upwards, and that
The
call loans should have touched higher figures.
range for bankers' balances has been 4 and 1^ per cent,
with little done at either extreme, averaging 2^ per
cent.
The spasmodic advances were due to the fact
that the chief borrowers on the market at the time
were those having the less desirable properties, and
the lenders at the moment were those desiring to
confine their contracts to the better class of collaterals
;
then, too, the supply was curtailed by the withdrawal
from the
call
many of the uptown banks,
demand from their mercantile
loan market of
who have found
Commercial bills are still reported scarce,
they are absorbed as fast as
an indication that
made, and that few are permitted to come upon the
yesterday.
market.
The
business situation remains as heretofore
aging as far as the volume of trade
is
—encour-
concerned, but
"not always satisfactory as regards prices or profits.
We
have an excellent illustration of this in the case of the
iron trade where the largest make of pig iron ever proits
presence in accumu-
lating stocks (thus indicating a very
heavy consumption),
duced, leaves very little trace of
but where prices are low and still tending downward, a
further decline having ensued this week. Kailroad earn-
ings and bank clearings also continue to furnish evidence
We give our usual statecustomers and have therefore confined their oiferings to of the large extent of trade.
such borrowers. The supply has been mainly from ment of clearings on the page preceding, and can not
bankers' and brokers' institutions down town and from find room to-day for a tabular recapitulation here.
trust companies in the vicinity of Wall street. For time Suffice it to say, however, that after a loss of only 338
loans on
a good
first class collateral
3 per cent
;
the quotation for sixty days is million dollars in January last year, the gain this year
3^@4 per cent, and reaches 767 millions, and the total is the largest for that
three months' loans are
those for four, five and six months are
any recent year and in fact with two exceplargest of any month since 1883 at least.
larly the longest, the lenders being the trust companies, To be sure, the Stock Exchange transactions this year
some of the agents for foreign bankers, and a few of were heavier than a year ago, but that will account for
our largest banks. For commercial paper the demand only a small part of the gain, the total of the sales having
has somewhat abated, while the supply has increased. been by no means large only 4,872,108 shares for the
Kates, however, have not materially changed.
The mild weather, though beneficial in
Sixty to whole month.
ninety-day endorsed bills receivable are quoted at 4:@4| a number of ways, has not been an unmixed blessing.
per cent, four months' acceptances are 4|@5 per cent, Dealers in goods suited to the season have suffered from
and good single names having from four to six months a diminished demand for their goods, while soft counto run are 5 to 6 per cent.
try roads have interfered with the movement of proIn Europe easy money seems to continue to be the rule duce to market and also retarded various other winter
on the Continent as well as at London. The Banks of operations. The temperature has latterly been lower
France and Germany have this week dropped their and more seasonable, to the benefit of the anthracite
official rate to 3 per cent, that being now the prevailing coal roads, which as a result are experiencing a revival
figure at all the leading centres.
Discounts at London of demand; in roost other line>, however, much of the
o* eixty day to three months' bank bills have ruled a trade lost by reason of the mild weather has been perlittle higher, the cable reporting them yesterday at
2| li^ancr.'Jj Icsfc. The strike of the horse-car drivers hero
@2f per cent. Probably this improvement was due to !U New York, which had been in progress since Tuesthe withdrawal, after the Bank statement was made up day morning of last week, and had proved quite a draw
on Thursday, of £350,000 for shipment, which would back to retail business, was ordered terminated late
there
is
a good
demand
for all dates,
4^@5
per cent;
and more particu-
month
of
tions the
—
indicate a renewal of the drain.
For the week endinr' Tuesday night of this week; subsequently the strike on
with the previous day, the Bank reported a gain of the Atlantic Avenue Company in Brooklyn, which had
£345,000 bullion, which,'we are informed by a private been in progress much longer, was also given up.
^^
)
February
.
THE CHRONICLE.
I8t0
9,
As intimated above, returns
of railroad gross
earn-
For the 4th week of
very satisfactory.
page the reports for 49
January we give on another
roads, and the aggregate shows a gain of 14"73 per cent
As regards the
over the corresponding week hist year.
ings remain
1G9
upon the company's finances, it is estimated that in addition to the $1,000,000 priority
bonds, over $5,000,000 of the new 4 per cents will reeffect of the plan
main
in its treasury
under the scheme
—and
this after pro-
It
viding for the completion of the Tampico line.
be hoped that the plan will meet with approval.
is
to
The
next week the
earnings
puhlioation of our usual detailed statement, so as to company is a very important one, has been well managed,
make the exhihit more complete, but in order that our and it is desirable that both its finances and its securities
readers may have the result on the roads thus far shall be placed upon a definite and permanent basis.
The stock market this week has been strong, active
received we have prepared the following preliminary
for
the month,
we
defer
till
The dealings have been on a much larger
than heretofore, and the tone at times has been
scale
9
9
Month of January.
9
17,673,407
1,585,299 quite buoyant.
Attention, however, has been confined
Gtoks earnings (68 roads)...... 19,258.706
Thus the increase is $1,585,399, or 9 per cent. Of chiefly to the specialties, the usually active stocks having
course there were no snow blockades this year, such as played a comparatively unimportant part in the moveand higher.
summary.
1888.
1889.
Inertase.
interfered with railroad operations last year, and rates
on many roads were higher than in 1888, but there are
ment.
Operators for a decline have limited their efforts
on the grangers and the coal stocks. In the
by these case of the former properties these attacks have been
Moreover, there was no decrease on the aided by the latest decision of Judge Brewer in the suit
influences.
in fact an increase against the Iowa Commissioners.
This decision was
roads as a whole in January, 1888,
cent (101 roads), while in unfavorably interpreted, and the roads having subseof nearly $800,000, or four per
the year preceding the gain had been over 3J million quently agreed to put the Commissioners' schedule into
gains even by the companies not
to attacks
affected
—
(97 roads), or nearly 21 per cent, so that for
years now the earnings have been
dollars
successive
three
steadily rising.
effect,
the stocks of the leading northwestern roads dis-
played considerable weakness, and yesterday the downward tendency was accelerated by a large loss in the
The long-expected funding or conversion plan of the December earnings of the Omaha, and by unfavorable
Mexican Central has made its appearance this week, and rumors with regard to the next dividend on St.
There are three main purposes to Paul preferred stock. Some of the Southwestern
fulfils anticipations.
be accomplished: (1) A reduction in interest charges, stocks have also lagged behind a little, though AtchThe coal stocks have lathas advanced.
(2) the improvement of the company's financial position ison
by providing the means to supply present and future terly become more prominent under the return of
needs, and (3) the placing of the securities (or rather colder weather.
The features, however, as already said,
the leading issues) on a firm and stable basis, by giving have been the specialties. Among these Clev. Col. Cin.
them a broad and well-defined lieu and a reliable and & Ind. has been particularly prominent at an advance
As to the first of these aims the 10 per of about 10 points.
assured income.
Other usually inactive stocks
cent coupon notes and debentures ($6,325,000), shortly have also been taken up and advanced with comIt is impossito mature, are to be retired by an issue of 5 per parative ease, one after another.
cent priority bonds secured by a mortgage on ble to say to what extent the general public is responthe
entire
bonds
is
property.
•
The
issue
total
of
these
to be $8,000,000, but only $7,000,000 will be
sible for the prevailing speculation,
the
moment undoubtedly
but the feeling for
leans towards higher prices.
required for the present purpose, and these, according Easy money, the agreement to maintain rates, excellent
Wade, the company is assured it can dis- reports of current earnings, a large corn 'movement for
to President
pose of at 95 net in the event of the success of the plan.
coming months, and the fact that stocks are lodged in
would be reduced strong hands, seem to be the principal arguments
nearly one-half (say $280,000), and the company would advanced in favor of the upward movement.
have a million dollars bonds unsold in its treasury. The
The following statement made up from returns
present first mortgage bonds, bearing 4 per cent interest collected by us gives the week's receipts and shipments
"firm" and 3 per cent contingent upon earnings (but of curi-ency and gold, to and from the interior, by the
only after payment for such improvements and addi- New York banks.
By
this operation the interest charge
'
tions to the property as the directors
are to be exchanged into
cent additional in
position of the
first
new 4 per
deem
essential),
consolidated income bonds.
new 4 per
them
will
be smaller, and because they will have as
additional security under the mortgage over
of subsidy earned, or to be earned,
completed or
to
now
on the
Wet Inttrtor
Movement.
»8,389,000
|1,';90,100
OaiD. tl,099,0U0
t«,389.0O0
II.SUO.OOI
Oaln. tl.098.000
Bold
Total gold and legal tenders
. .
In addition to the above movement
$2,300,000 through the operations of the SubAdding this item to the above, we have the
Treasury.
the banks have
lost
6 millions
lines recently
in course of construction.
Beceivedbv
N. T. Bankt. N. T. Bank.
1889.
The
cents will be better than that
of the old 4 per cents, because the interest charge ahead
of
Wtek ending Feb. S.
cents, with 30 per
The
which should indicate the total loss to the
Clearing House banks of currency and gold
for the week covered by the hank statement to he issued
to-day.
It is always to be remembered, however, that
the bank statement is a statement of averages for the
right following,
a further 3 per cent of course will not exist, but
New York
something definite and tangible is given
income bond (bearing 3 per cent
non-cumulative interest). The old incomes are to be
exchanged foi 'I'jw Rjcoud incomes, bearing the same week, whereas the figures below should reflect the actua
banks as between Friday
rate of interest (3 per cent), but with the right reserved change in the condition of the
of last week and Friday of this week.
to the comjwny to retire them at
The new
to represent
it
in the shape of a $300
50 per cent.
incomes
have this advantage over the'present incomes, that the contingent feature of the old mortgage
honds will no longer exist and that the obligatory interest « ill also be less, as already pointed out.
As to the
will
Week endinn
JntaBonlu. OutofBankM. Set Chant* in
Feb. 8. 1888.
Bank
Sub-Treasury operations
Total gold and legal tandera
Boldinti.
12.3II0.000
Banks Interior Movement, aa above
14,800.000
UalQ. 11.009,000
Loss. 2,300.000
tU.'^.OOO
tlS.890.000
Il,o«a.tl.g01.000
tg.389.noo
»1 ,990,000
;
...i
.
THE CHRONICLE.
170
[Vol. XLVIII.
Bullion holdings of European banks.
" The contention
Banktot
"part of the world's wealth are beyond the reach of the
" protection which the constitution gives to property,
Feb.
Total.
Oold.
£
S
England....
21.961,202
France
Qdrmany.
Aust.-Hung'y
40,2ll2.00» 49.\51,078
29.8»0.00l) 11.830.000
6,901,00/1 15,521.000
s
9,
1888.
saver.
£
21.931,292
89,353,PS7
i
21,129,835,
21,829,885
44,350,568 47,601.182
41,595,000
21,488,000
"and
are
subject to the arbitrary will of successive
"legislatures to sanction or destroy at their pleasure or
91,951,730
44,490,000, 27,730,333 13.864,687
21.422.00f
6.910.0 iO 14,578,000
7..S87,000
12,459.000
4,300,000
8,20 >,000
1,273,000
8,820,000
6.945.000
1,OS1,000
8,026,00(1
8,783.000
6,933,000
l,b92,00u
l,118,00f
8.101, '100
"discretion,
is
a proposition so repugnant to reason
and
"justice as well as to the traditions of the Anglo-Saxon
12,500,00(1
2,647,000
1
securities representing a large
lotal.
6,oa2.ooo
Netherlands..
ftat.Belgium
National Italy
Tot. this week
Tot,prCT.w'k.
Gold.
fchat
4,175,000
440,B15
112,308,301 ^9,223,9;6 201,532.279 114,836.788 86.703 829 301.
1,4H1,813 8!;. 165.4-J 200.027.28; 113. 540.41l'8B 403.556' 199.949.070
1
1
IOWA RAILROAD RATES AND JUDOE
BREWER'S DECISION.
"race in respect to the security of rights of property,
"that there is little reason to suppose it will ever receive
" the sanction of the judiciary, and we desire in unqualsuch a
"' ified terms to express our disapprobation of
" doctrine." There could bo no more explicit condemnation than this, of the idea prevailing in
many quarters,
unmaking
that a legislature can retain the power of
Judge Brewer has made another decision in the mat- or of crippling their creatures (corporations) at will
of the Iowa Railroad Commissioners' schedule of regardless of the rights which have in the meantime
A synopsis of this latest adjudication was pub- accrued. Capital having accepted the invitation statutes
rates.
lished in the Chicago papers of last Sunday, and has extend, to build railroads within a State, is not after
ter
been widely construed as reversing the injunction order that at the legislative mercy.
It is an error to suppose that there is anything repugand principles laid down in the original proceeding
"We have not seen the full nant to these principles in the latest utterance of Judge
before the same Justice.
Bear in mind that the schedule of rates which
opinion, but we think this idea of the situation is erro- Brewer.
arisen from a little confusion as to the was the subject of the first controversy has been superneous, and has
precise facts before the Court on which its latest action seded by the Commissioners, they having made another,
and that it is this new schedule which has now been
was predicated.
which must not be forgotten, is construed.
Moreover, if we may take the extractsmade by from the opinion which have been published as indicatThe ing its scope. Judge Brewer has unequivocally based
the Commissioners since this controversy began.
Were its pro- his decision upon the presumption (which he claimed
first one was a harsh and severe measure.
visions to be enforced, bankruptcy of the weaker rail- the facts before him raised) of the reasonableness of the
For instance, after taking'
roads of the State would be inevitable, while the income rates in the neiv schedule.
of all the roads doing business within the jurisdiction of exception to the figures of Mr. Ripley as applied by him
the Commissioners would be seriously impail"ed. It was to the Burlington road, the Judge adds " that the questhe enforcing of that schedule which was enjoined by "tion is not what effect upon the earuiugs of complainJudge Brewer last summer and by State Judge Fairall "ant a similar percentage of reduction in all its tariffs
about the same date. In that proceeding the contention "would occasion, but what would be the effect if the
The
of the Commissioners was that their authority for fram- "Iowa schedule was applied to all its business.
ing and executing a tariff of rates had no limit— what "answer to this rjuestioti seems from the testimony to he
they chose to fix upon they could compel the^-ailroads to "that the rates would be compensatory." We are not
Both of the judges named not only questioned quite sure that we understand the first part of the above
adopt.
but most imequivocally disapproved of that assump. extract, but the portion we have put in italics has in it
In fact. Judge Brewer held that rates to be nothing that is in the least ambiguous. The Court
tion.
enforceable must be compensatory to the railroads; comes to the conclusion it does, simj)Iy because it finds
that is, miTst cover (1) running expenses, (2) fixed as a matter of fact that the testimony before it proves
charges, and (3) something for the stock.
In other the schedule does not violate the principle contended
words, the idea was fully sustained that invested capital for, and the fair inference is that the decision would be
cannot be deprived of a fair remuneration by any offi- different in any proceeding got before the Court which
cial or by any law.
included a demonstration of the insufficiency of the new
We do not find that the decision of this week, so far rates. It should also be boi'ne in mind that the Railroad
as the opinion has been made public, in any manner Commissioners say of the present schedule that it was
calls in question this previous holding, but on the con- framed to pay running expenses and 8 per cent on the
trary confirms it.
The truth is, the position taken in value of the road thus abandoning their old position
that proceeding always has been and always will be the and accepting the Judge's former decision and not their
law of the land. Chief Justice Waite enunciated the ovm. wiU as their rule of action.
principle in his terse way, in the case of Stone vs. the
There is one other portion of the opinion which has
Farmers' Loan & Trust Company, by saying that the been so misunderstood that we cannot close without a
power to regulate is not the power to destroy that lim- word in reference to it. We refer to the remark of the
itation is not the equivalent of confiscation.
Hence a Judge with regard to making a test of the reasonableState under the pretense of regulating fares and ness of the rates by the trial of them.
To show prefreights, cannot require a railroad to carry without a cisely what was said and meant we give that part of the"
fair
reward.
A very recent adjudication involv- opinion below. The reader will understand this extract
ing much the same principle, was that of the better when told that it directly follows the above quoCourt of Appeals, the Court of highest resort tation which closes with the statement that the testiin this State, in the case of the Broadway surface mony shows the new "rates would be compensatory."'
railroad, which by the way was a unanimous decision
I remark again, Uie amount of purely local freight, as compared with
of that Court.
We have not room here for a recital of the otUcr business of the company, la very small— 4 per cent I helicve—
80 that if the entire earnings were swept away the loss of the comthe facts. They are familiar to the most of our readers.
pany would be limited in amount. OS course, this fuel does not aulho-
The important
point,
that there have been two schedules of rates
—
—
But we cannot help quoting the following vigorous
remarks from the opinion of the Chief Justice. He says—
ratcswhich are unreasonable, but it suggests the
propriety in view of the consideriition heretofore noticed of attual experiment as tlie moat satiafaotory test of the reasonableness of the rates.
rise injuslice or sanction
FEDRaART
THE CHRONICLK
0, 1889.]
the above suggestion, for
One may not apree with
171
But a development
of that point was not what we had
mind. Wo desired rather to analyze the statement
honest judicial mind attempting to measure out exact of currency and see if wo could not there trace evidence
justice between the litigants, but needing perhaps the of the antagonismjreferred to. A ten-years' experiment
A first in- ought to yield some manifestation of such a tendency if
practical experience of a railroad manager.
nothing more; yet
is
it is
it
obviously the suggestion of an
sympathy with the remark
in
exists, even though for the time being restrained and
moderated by legal impediments. To aid in the inquiry
we have prepared the following compilation, which disaccording to the evidence before the Court there was no closes not only the changes in the total circulation
poison it had been extracted; then the amount involved during the period, but the changes in each kind of cirSo, while assert- culation gold, silver, &c.
included in the total.
as the Judge thought was only a trifle.
One
ing that these conditions do not authorize injustice or introductory remark in explanation of the figures is
There ia
sanction unreasonable rates, he substantially asks whether probably needed for some of our readers.
there is not a certain propriety in an actual experiment. in our statement apparently no mention made of certifi-
clination
to feel a sort of
is
it
of a clever writer in the Chicago Times who thinks that
But
])roving poison by taking it, is a pretty severe test.
—
—
—
That
is all
there
is
in that portion of the opinion.
cates of gold, silver or legal tenders.
this
OUR CURRENCY AS IT IS AND AS IT
MIGHT HAVE BEEN.
The
reason for
that the certificates have no legal existence
is
when out of the Treasury ; they are merely floating representatives of the real thing, which real thing
must be in the Treasury while they are out.
Hence if
except
It was just ten years on the first of January since the
these certificates and the total gold and silver were
It was but a
United States resumed specie payments.
counted, a large portion of the gold and silver would bo
few months more than ten years, on the same day, since
The
twice included.
the coinage of standard silver dollars began.*
tially,
then, these two events
Substan-
—the act of resumption and
the circulation
is
only correct method for stating
the one we use
—
first
to give (as in the
column) the entire amount of gold, of coined silver
As the effect of
the start in coinage were coincident.
dollars, and of legal tenders in the United States
secour laws and of Treasury management has been to
ond, to indicate the net amount held in the Treasury
unite and make interchangeable during the whole ten
(as in the first column) by deducting all the Treasury
years a gold dollar and a silver dollar of materially
holdings of gold, silver dollars and legal tenders for and
different bullion value, an examination of the currency
upon which the Government has issued and has outas it was and is at the beginning and end of this decade,
standing corresponding certificates third, to make up
not only in volume but in efficiency, will have a special
the afloat (that is the amount in bank and in circulation
interest and may yield some results worth recording.
and hoarded, as in the second column) by including all
Every one knows that our circulating medium is a
the said certificates outstanding, also all the gold, silver
complicated and unscientific affair.
Hitherto, though
dollars and legal tenders which are in the United States
multiform in character, it has, as stated, been kept on
outside of the net holdings in the Treasury.
That is
a gold basis. That so far as it goes is no doubt a fact
what we have done. AVith these explanations we present
in its favor, but it proves nothing as to a continuance of
our table as below.
the condition. As well might it be claimed of two
CnVNGES IN CIRCCLATION IX THE UNITED STATES IN TEN YEARS.
opposing armies that no collision was possible because
In Tnasury. In rirculation
Description of CiiRRKNcr.
Toun.
temporarily held in check by a flag of truce, as to insist
—
last
;
;
that because the various currency devices
now
in use
have been made by adroit management to live peaceably
together there is no antagonism between them. We
think we showed very clearly a few weeks ago
(December 22, 1888), some of the evidences of a conflict
&
bullion -Jan.
1,
Jan.
Gold coiu
1,
In doing
dered
so
state
we
of
disclosed
of
a
disor-
imports
of
114,193,359
Changes i
18S9..
»8,186.870
$306,999,320
16,291,469
6,204,081
1,
yr». in silver dolts
Dec.
Inc.soo,7QS,V9 lnc.2g2,6qofi4<i
$10,865,237
9,121,417
ChangeslOyrs. insilfcrbuWn llK.
Fractional
8
Iver-Jan.
1,
1«!9...
page 4) which made the number the last five years
considerably in excess of any previous five years.
The
same thought finds further illustration in the loans and
JttD. 1,1879....
Changes 10
$315,186,180
22.495,550
S,i04.jg<)
I,J43,S20
t23,fl53,468
Jan. 1,1879...
5,
$704,608,169
278,310,128
$10,865,237
9,121,417
1889
Jan.l, 1879
1,
merchandise it
larger than
ChangeslOyrs. infrac'lsilver
in 1888, and tlie balance of trade against us has
National bank notes—Jan. 1, 1S89
never been so largo since 1873 ; this fact was more
Jan. 1,1879
fully developed subsequently (Chkoxicle February 2
Changes 10 yrs. in bank notes
1889, page 140) in an editorial reviewing the official Legal tenders-Jan. 1, 1889....
trade returns for the calendar year. "We likewise presented figures of failures not many weeks since (January
t500,722,950
164,116,787
Jan. 1,1879..
arrangements.
marks
For instance,
was found were never
also
trade.
» 203,886,219
CliangeiT.0 yrs. ingold coin,<tc Inc. Sg,bgitSbo 1hc.jj6,6o6,/Sj Ir.c.426,2gS,04j
Silver dollars-Jan.
Silver bull:on-Jan.
in progress traceable in our indiastrial
1S89
1879
0.048,194
Inc.
$53,534,525
64,972,968
Inc. iyj6oYt264 Dec. J/,73S,44S Inc.
t4,068,051
8,467,442
Dec.
$229,591,976
315,321,282
1,741,820
$76,889,983
71.021,102
s,S6S,S2t
$233.<«0,027
323,791,674
4.39g.3<)' Dee. Sj.7S-,V<> Dec. <)0,i3',t>47
|30,875,=6
69,682,506
$315,805,156
277.0Be,8ll
$316,881,018
316,661,016
yrs. in legal tend's Dec. 3S,7ob,(>43 I^o- 3^,706,643
Total currency issuer Jan.
Total currency Issues Jan.
1,
1889
1,
18'
Currency increase in 10 years
$281,536,605
$223,704,386
$1,406,353,927
$827,716,559
$1,637,890,622
$1,051,420,945
Inc. J7,S3',30<) lne.s7Sfi37.3bS l:nc.63d.46g,(m
An-anged in the form adopted, the foregoing figures
and relative situation
whole United States reached October 4, 1888, the surof the currency at the two periods mentioned.
prising total of $1,G84,180,G24 against $1,245,294,093
Let us take the items in the order in which they
October 1, 1884, and $823,906,705 January 1. 1879—
Gold heads the statement with a total of coin
stand.
that is, an increase of over 35 per cent since 1884 and
and bullion in the country on January 1, 1889, of
over 100 per cent in the ten years since 1879.
Of course
$704,608,109—an increase of $426,298,043 in the ten
there are circumstances other than currency derangeWe do not need to say
years since January 1, 1879.
ments which modify any conclusion drawn from these
that these are large figures ; they cannot fail to attract
bare figures, though there are none that explain them.
attention, and to excite inquiry as to the location of
Tlie Stand.ar<l Silver DoUnr Act was approved Fobniarj' 28, 1878,
In years past we have often
such an increased stock.
ana on
discounts of the national banks.
That item
for the
afford a clear exhibit of the actual
'
the 1st of July, 1878, there had been $8,573,500 of those dollars
coined.
•
insisted that there
must he an error in the item, because
THK (H^nONlCLE
172
which the
h
very c/mrithfrahUi jKrttion ol
million dollant
27r»
leiwrt.
iKidotinM
for.
their j(oUl
int^^
for
ciite*
luvc
Hincf!
tiie
At
it.
th<!
Treaatiry and obtainc<] ^old
the Oovemment'n
it,
prcjicni there are at
the total that cannot U:
Now York YmukH tunied
f;f
fjcrtifi-
holdings of gold
(/roM»
Oh January Idt, 188$>, it hold ffrogg
had mitittanding of gold cortificatoB
hence it« w^/holdingH
I120,8«8,448
ImcotTK} largo.
l384//7''«,«fi7
it
i
iiWHod againirt.
it
;
were tV)a,HHF),'ZW, HH we giro them
Kvm
lit Dum^
tMrit^onU^H
moro than 7i'>i million«
trace
afloat
In
k
it
and
in all,
the abore table,
irripo««iblc
l<>
XLVIII.
fVoiy,
/l;.'iu'
we
',t
•,
j,r'.
.
no rea*on for longer holding that
how any conMiderable
error could creep in.
It ha« been suggetited that gold
left n* through Canada by railroad! of which no record
wa* obtained by the Government, That may be to some
extent true, and no doubt it i« al*o true that other
amount* rea<^;h n* nnrfjcordcd through the *8me channel,
are preimrod,
*ee
opinion, having failed to discover
f'»ut ai the recorded movement i* in favor of tho Tt/iU-d
HtaU*, there it no excuse for assuming that t'
corded movement would, if known, tell a different «tory.
the one hand afford* no internal
Be*ido*, (yamwla on
of tho gold not
In the Troawtiry only ab«rnt 100 million* can Im found, evidence of materially enlarging her stock of gold, and
much as she
So whlfiliovor method tho invoxtigator adopt* whether on the other doe* not export to Kurope
Her export* to Oreat Britain are never but a
gold in the Treaatjry with an rocfiive*.
by counting tho gro«»
—
m
OKtimate forcircniation, dodnctingcertiflcateti which are
bank and
u
[Hirmjod
w(i tiavo
or by taking tho
tho Troamiry,
in
— tho
resolt reached will bo tho
There wa* not a dollar *hipped from Canada to
Oreat Britain (iwicording to tiio Btatistical ab*tract ol
tho United Kingdom) in 1H87 and only £8,008 in 1886;
trifle.
in fact for
«ame.
An
goM
to
tho
mii«t bo in
it
hiindnid
in
ordinary busineHft trarmao-
rocoivow in
coin
once
twelve
in
wa* hut
of
in
ono individual
tiot
cortiflcato or a gold
tlons a gold
tlioro
tho Kfwtorn,
HtatoH, for in
f'aciflc-
WoKtorii and HoiiUiorn Htatox,
every
whatever
in mitiial (lirciilalion,
tho la«t fiftoon year*
corroboratt!
the average «hipment
Hoem*,
Tiiere
i;.'>,104.
therefore,
no
fjwjt
to
»nggo*tion with regard to a Cana<lian
tlie
Nor do wo know any other plausible way or
and we are con-
outlet.
th(!ory for imjioaching the iMinl figure*,
*o'|Uontly forced to aHHiime that the gold out of sight is
lioardod,
that kind
from the marked preference
dollar* in (!ircnlation in thetlnitod Htato*, the remainder wliioh is so generally given to that metal, of which we
of tho <'K)7 million* nflodt being in tho form of wilvor cor- nood cite no otiior evidence tiian the quicker market
Of tliat (;0J tnillion *ilver dollar* wo venture bond* find which are payable principal and intorcHt in
tiflcato*.
It i* well understood that they can be negotiated
to »fty that every inhalntant who during tho la»t year gold.
hn* tonderod a (lv(i dollar bill in paytnont of »ome *niall at a higher )»rif;o.
monl.liM.
January,
]»t of
ptirclwiMO
Iuih
from
bund,
hiiiKJ to
wonlil bn often
it
United Htato*, we have niado a very
|)rf)Vo*
clearly
mot
with.
liberal
amount hoarded
i»
tlir
allownn''
tluit
undor-slatod rather than over-
Mtatod.
Ill
tllldiitimiMitBtiUKlliiu*
III linlliiiiiil
920il,*8ri,210
Klold
hiiiihn
to tho
next item in the table, which
it will
bo noticed that the
iiicrense
in
Tlm
to tliem
notable fact to
l;il,ion
and
ha*
i*,
that
boon
all
And
reiioy.
— —
III notiiiil (ilroiilnllon
miM A
168,688,007
taT.oie.oei
,
'
aliHiilutely (Irojiped
motion on
S7,08B,8fll
(told Mrtlfloatoii.
40,000,000
country in
the
Hanio
.V
nsUmntni) In olroiiluMini
(14«6,31»7,4H7
704.(IOH,IOI(
iiiiliyi
^75 million dollar* of gold liave
out of sight.
We do not care wliolhor
ono assume* that tho gold
087,710
"
Nlvht
in
tnillion dollar* of Hilvor,
7,300,000
(loUl mrUlleiitM
li
th<! iiiintH *ot
not the otjjoct been to inflate the curyet while wo have been getting out 300
7n,384,4!20
(JlnnrlnK-l{uti«Aotf«.,
—
III
Tho*e are
remembered in
work, had
thlH
1(17(1,8X0,187
Htiitc iiniiki, A»-i(i(ii(i
Totivl
iin
thi* incronso in coinage was
along oxciiHod, on the ground
tliat tho dollar* wcro needed for incroaHing the circulation. We think wo may wifely assume that the law would
I'
iir^'i^l.
(lolit
Tolnl
"sil-
whm .'$00,790,2:39.
(circulation
largo total*.
iil4(.
niilil riirlinnntnii
III
i*
amount coined
iHt, 1889, had reached 1.315,180, liK), that
the incroiiHo *ince 1879 wa* »!J9a,f)9O,04O, and that tiio
never have Imm-h pasMod and
Iwwimr
'rr«»mir.v-«l(ilil milfi imrt htillloti
inferred
on January
Htil)
for circiiialioM. ko that the readier niiiy be HatiHllod
tiio
Turning
Ui
ver dollar*,"
gold coin j>a*Ming
litllo
'i'hat a fliHponit,ioii or inclination of
may
exi*ts
iibi(|iiity
following fitatoment, locating tho gold in
tho
in
of wilvor
Htich
millionH of Hilvor dollar*
thoro wa* even a
iliiii if
tiio
nine out of ton time* hod olTorod to
tnoro nilvor dollar* in change.
ui (lif '!,'• of (lOJ
ii'.ii.li
thoro wf.ni (!0,77!),-'Jai
I88f),
rriu(l«,
him ono or
'
with tho other, that on
(VititraHl. thai, fiwt
ill
either
i*
hoarded or that
unknown .way*.
case.
Tho silver
it
Tlio roHiilt
ha* left
in all
the
ha* been puHJiod into
and gold to almost a corrospcmding amount
concurrently gone out of circulation.
We Bay
" pushed " boeiiuso silver dollar* and Hilvor certificates do
I
in Illation
hiiH
Tiitnl iHiiiritoil .iHiiiinry 1, 181)0
III
the above
dollai'H
(i270,810,fl8a
bo *oon that wo allot 40 millionH of
to circnlatioii. and yet oven with that (UmIucUmI
thoro urn
it
Hiill left
will
fnit.aio.dHa nnaooonntod
for.
got
Kroin IhoMe factH the oonolu*ion i* uniivoidablo that
either thorn are to-day at loa*t ^75 iniljionn of (lnlJarH in
gold hoiirdod
that
Mm
liy lh(«
ixMiplo of the lliiitmi Htalow, or oIho
()ov(-rmnont Mint liguroH
A* hsretoforo
OUI.
Haid,
iiro
oxtroinoly orroiio-
wo formorly inclinod
lnttorMn|it»oHiti(in HH Iho trim
explanation;
to tho
hut of
lato
aftnr
following with groat diiigoiuMt tho
k"I'I
HtatiHtioH of oxport* and imirort* through
tho invoi,,.,
year*,
and through tlm corroHpondiiig ngnro* of tho ooniitrioH
roooiviiig from or Hhi(iping i., „h, and noting
tlm (wiro
• Till. Ih.ii, l«
I
;
«
Iftl.,.,,
rtni.i
III,,
,ii.m(lil.v
Ccimiilnillnr of tlm Ciirroiiny'ii
r«iiiii>H>>lli'r ..f CiirrMioj'ii
civil
n-pnil
Tn-iMury aliutmoiil,
of Dooonitxtr la,
Di..>iMiil„.r.
Ihhh.
188*
iiivi{» !10
not, like gold or legal tendorH,
own
l,,,,,,,!
*
Mini Dlroclor'n tUnrcn nhtmiipd frmn Tiriimirv
l>.,imr|„,ont
morits.
Any ono who
go into circulation on their
take silver dollar* can
will
them oxpresBod by tho Govornmont lialf way across
it coHtiiig him a cent, or ono who
tho G(mtinont without
will
Now
take silver cortilicatos can got thorn delivered at
Orleans or St. Louis or Chicago for nothing.
Now York
banker or nionjhaiit can save tho
jjiiy a debt ho owes in
any of those cities.
Ihit all that
though a consideraI'li'
oxponso to tho Governniciil and therefore to tho
|M(i|iU!
would lie of sniall con... (jihik c wore it not that
h(M'e is a round amount of 276 millions of dollars gold
(Miiieurroiitly gone out of nso, in groat jmrt obvi(uisly a
poMiilty which wo have had to jiay for forcing UOO
Iloimo a
(!oHt
of tixchango by using silver to
—
—
niiiiion* of silver dollarH into ciiTulation,
Nor is that tho most iinfavorahlo statomont of tli(< oaso.
if wo wcro to sto]) tlio iilvostigation hero,
Yet obviously
ritllllUAllY
tho
hope of
no
iilToni
fu(!tH
indiKMicod
ciu'iiiini){i(iiiciil
coiiiiiK"
fiiv'or
It)
Thii ("iitiniiiicroumi in volimio
gain too
Miiiull
ovon
ont, for
Ih,
and hence that the volume
earlier,
in the
tho handH of the people iiicreaHod
tho ton yearn.
Ilut tho increiwe
in
cannot
banks ami in
that
Ite
amount
found
in
in
tho
Imn limn bankH.
The national bankH, for iiiHtance, reported on
prom in rig Jan. i, 187U, their legal lender holdings at |!)!l,47U,^a3,
300 inillioiiH of and tho most they have reported at any date since wai
tlio ((Xiiriiimition
Ih
the
rcHiiIt.
an already indioatod, only uppar-
vaniHhoB
it
iirc
our circulutiiiK nuMliiim.
view (a76 millioiiH of gold dollars lost,
BilviT dollurH giiiiiod) only 'itt niillionM not
That
who
tlioHd
178
'J'uking tlio inoMt
vory trilling.
Ih
to
"^ Bilvor (lollurn with tho
iKldiiiK to tlio voliiiiio of
fur hIhiwii
CTTT^ONK^LE
TTTF,
|1'".l.
II
"wo look farther.
if
I'liiMiiing
m above we find the next
• I0a,r,!>l,352 on July
tho date of their
1885. while on
1,
Dot!.
redemiition fund at Washington) waH only
When
I'i,
1888,
return, the total (ineludinir tho
lant
tl)t),i)lU,4i)4.
remembered that bankH hIiow a preference
item in tho table (Ii-Ht given Ih fractional Hilvor, and hat for legal teiidern, only paying them out when Hbort of
a material docroaso in tho ciroulation of that item bai Hilvor (torttllcatoH, and that between the datoH named our
On tlii^ (IrHt of national institutiouH incroasod in number from 2,0A1
(hiring the Maine period alHO oeinirreil.
January, 187!», the amount reported in the Treaniify was (.Ian. I, 187'.)) to :),ir>0 (Dec. \'Z, 1888), and in cai)itul
$6,048,104, whoreau on tho firHt of .January, IHH!), the from *4()::i,031,3S)f! to |.')•.)3,848,!^47, do not these comtho Haino order of examination
it
is
I
amount
ho held wiih |i2.T,«r»5,458.
that over
Ih
The
!iO
erninunt, an appearH in the TroiiHuror'M
report, wore
larger ooiuH wont out
There wan no need for hd
in.
monoy
But there
a further feature disuloHod in
Htill
tho flmaller
amount
fewiu- alloali'
in daily uho, iinloHH
Ah
to
our oxporionco
and information dilTer from that of overy other individual, there* cannot be any (pioHtion.
If then there
the are .not aw many legal tendorH in tho TreiiHury, no more
in bankn, and not ho many in active (urculation, what
Iluw and
the explanation of the nitiiation can be olTerod ?
IIicko
rerpiired.
in
parative lioldingH of legal tendorH Hoem incredible unless
on the hypotbeHin that there arc
iii;uiy
with tho Hlandard dollars supplying
half-doUai'H
Btnaller
came
liiHt
Ah the
in (Ifty-ooiit pioooH.
snialbir ooiriH
Hignillcunt fact
millioiiH of tho ftOcumulatioiiH by (lov-
Ihhh of where can the unknown (piantity wliicli ban diMiippeared
a sucooHH. Tlio Uuilod HtatoH had in oiruulatiun on the have gone, if not forced into hiding pluc<'n by I'naMon of
bank tho fear silver isHiieH have induced?
first of January, 1871), a total of Waa,701,f;M
note billn; on the (Irrtt of Janiuiry, iHHi), tlnwe bud Ijcuit
Still we are not at all HtrenuoiiH about tbi.s latter
Kveii if we omit it entirely from tlu! (!alreduced to :i;J3,()»iO,Oa7. Of oourHO we do notcbinge HuggeMtion.
this roduotion to the silver dollar or silver oortiliinte inilation, there remain tho other serious facts confrontiwuioH; it waH iindoubtodly duo to the |)ayni(>nt of Ibe ing UH, that while wi< have boon puHhing out nilver
(ovci'iiniiint bondH wlii(di wero tho baHiH of the imtitM, dollai'H and Hilvitr (^ertilloates, silver liaH'-dollarH havo
and to tho high prices current for the bondn that are been crowded out of circulation, and gold has mynloft oiilHtaiidiiig.
Wc raiHo no iHHiie on that point. We teriouNly diHa|)peared from the channeln of commerce.
do eluini, tboiigb, that iiiiIohh tlume iwltoH had bocii re- l''urtlicrmore, bad (longrcHH ib^viHcd a good redeemable,
above tablo
niakoH thin nilvcr venture even
tho lator oortiiicate issues could not have boon
tired,
kept
wliicli
JuHt hh tho Kilver balf-dollai'H havi^ llowod
afloat.-
into tho TreaHury ctjiicurrontly with the einiHHion of the
standani doliarn, ho tho Hilvor certillcatoH would have
returned to the Ooveniment vaiiltH bad the placid tlioy
now occupiod retnainod IMIimI with bank notoH.
To that uxtont at leaHt tbeii not a dollar
gained by the currency inllationistu tliroiigb
tiilH
luitomatic,
tliet'(<roi'«
could
liiivi!
been
made
bank note nyHtem, the notes
amount (the volume
limitlenH in
regulating itnclf under the demandH of trade), while
our gold would have been retained in a);|.ive uho, thero
being no antagoninm between the not(<H and the yellow
metal.
.
Iiuh
and
How
boon
Kilver
iinwiHo, tbenifore, even in
thin
narrow view of
the ipiention, ban the i^oiiuige of Hilver dollai'H proved.
On tho contrary, had CongroHH addnwHiMl JtMolf
work of making a new iHKUi! of bank iioIi'm, it
could have iltivisod ono oaHily enough that won Id have
device.
to
tb(!
circulated freely in
tho Hold
now occupied by
More than tliiit, it (iould have organi/c<l
spoUHive to the wantn of coninierce, llowin;;
\
i
m
CIIANGES IN
nilvor.
'mi
.nmI
The New York
ro-
out
t(!rly
TRUNK LINE INOOME.
C!enti'al
ban this week issued
its
without hindrance in occordanco with the varying wants
of the changing seasons and tho greater or tlic IcHi^jr
exactly foroHliadowed by the preliminary oHtimate
wantH of
on
more or
quar-
Htatoment for the three months ending December
31, 1888,
and the
have been almost
roHults prove to
made
— four
dayn before the clone of the
ivon UH a currency that would have inspired conddenoe, period.
Thus the grosH for the ipiarter wan ontiinated
f
ono that would have brought out of itn hidiiig-|tbicc tho at tl), 170,000 the actual audited ntatement now makes
gold now hoarded, adding that to our circulation, luid it l|ll),l70,HHi).
The expcliHeH were enti mated at •fi,it7R,»
making it a HubHtantial ImniH for tho now notcH aiitbor- 000; the actual total in ».'i,!»7 1,1140. For neveral suetin;
loss active yearn.
It
could bavo
Decemb<)r
'it
;
an unfailing aHHuranco of tluwr prompt nidiinp- ooHsivo (piarlern now the lliial exbibitn have dilTerod hut
nliglitly from the preliminary entimalen, though in tho
Tbcro iH another inipiiry wliicli ought to be minlc, but prcHciit <'iiHe the approximation in uniinually elone,
izod,
tion.
we
Hhull not niindi
more than miggoHt
proof on tho point
iiMiiiiHn
in
it,
bccuiiHc poKitivo
or
coiirmi,
it
(cannot
bo exjiecled
that the ollicials
alwaVH be e<|ually fortunate, enpeeially when they
the hoarding of legal tcndci-M during tho are obliged to prepare the ligiiren before the period
Ih
not obtainable.
iul.rval Hin<!e Hilvor doliarn
put into circulation.
been no (•liaiigc in tlm
amount being
Wo
and
VV('
icfci
to
an
Hilvor cortillcatcM wore
know
that there Iiah
total legal tendorH aiithori/cd, the
all
shall
embraced ban
fully
elapned.
Hut
as illuntrating
how
completely tliingH are systomatizod on the Cnnlrul, It if
well to note that the montlily grosN earnings are regu-
tho boginning and end of larly furninhed within ten days after the close of the
where wore they uU Jan, 1, 1871), and month and never have to bo changed subsofpiently, la
where are thoy Jan. 1, IHH!)? Our tablo, given above, the cane of many other companion (enpof^ially the minor
the decatlo.
sliowH the
them
«;M(),(JH|,()1(1 nt
ilut
intercHting fact that the 'I'reaHiiry bebl
•;J8,70((,(J46
less
at
of
tho later period than at tho
roudn)
it in
re<piircd
in
inninted
that twenty-live to thirty dayn aro
which to make audited statements of gross
THE CHRONICLE.
174
LVcL. XLVIII.
bank- date. As the Lackawanna is an important anthracite
coal company, as well as a trunk line system of roads,
ing house in talking to one
the roads with which he was we give its figures in a separate line at the end, so as to
remarked that as far as
identified were coucerned, he believed in discontinuing show the totals both with and without that comjiany.
the early weekly and monthly returns issued from five
1888.
Calendar Year.
1887.
1885.
to eight days after the close of the period, and plainly
Gross Earjiings—
»
t
t
58,172,077 55,671.313 50,370,088^ 45,615,027
understood to be only approximate because such Pennsylvania
Only
earniugs.
this
week the member
of a large
of our representatives
—
—
But
returns could not accurately reflect actual results.
the experience of the New York Central goes to show
that
it is
possible to have both early
Hence, as
it is
feasible,
may
it
and correct
reports.
35,284,473
36,290,024
32,6-ol,01S
24,866,014
24,464,236
28,002,509
Lake Shore
18,033,93(1
13,710,963
15,859,456
Michigan Central
Cleveland Col. Gin.
18,716,000
14,164,490
12,205,838
7,581,389
8,056.008
7,190.936
not be better to improve
the early returns, rather than stop them altogether ?
As to the character of the present quarterly statement, compared with the corresponding quarter of the
preceding year, the exhibit is not favorable. There is
a loss roughly of $850,000 in gross earnings, and expenses having been reduced nearly half a million, the
This falling ofE it may
decrease in the net is $350,000.
be assumed, however, follows as the result of unfavorable conditions, such as the cut in west-bound rates,
the interruption to business occasioned by the Presi-
and some other circumstances. But
the point of most interest is the amount of surplus the
company carries over on the operations of the quarter,
dential election,
above the one per cent required for the dividend. The
board of directors, as is known, have announced their
intention of returning to a 5 per cent basis, and consequently any surplus which may remain on the 4 per
kept from quarter to quarter so as to be
end of the year for the extra one per
cent.
In pursuance of this plan, a new item, called
"special dividend fund," and amounting to $341,706,
appears in the present abstract of the balance sheet.
This sum represents the surplus earnings in excess of
the dividend for the quarter. It may, to be sure, be
drawn down during the next half-year, both those quarters having shown deficits in 1888.
In 1887-8, with a
cent basis
New Vork Central
Erie*
is
available at the
surplus in the. three months closing with
&
Ind.
Total
19,559,052
14,183,506
10,707,394
6,411,415
167.453,839 167.303,034 141,378,811 120,922,287
43,232,488 r,9,845,S5'
32,312,866 81,091,678
Lackawanna
Grand
24,495,873
200,688,261
total.,
173,721,677 152,013,975
Operating Ejcpensea—
Pennsplvdnla
89,331,153
37,088,585
New York
24,1S7,<6-
Central
82,610,588
19,933.910
29,479,758
lii,718,6-3
14,638,284
0,287,587
8,014,603
Brie
1",W8,42(?
23,400,383
17,747,00b
Lake Shore
ll,2S«,2'i7
11,089,788
Michigan Central
Cleveland Col. Cin.
10,015,000
9,875,240
9,731,622
8,404,079
5,314.83.-
6,235,730
4,787,789
4.929,274
107,816,168 104,374,750
92,166,265
25,118.483
82,870,932
23,663,755
&
Ind.
Total
Laokawannal-
Grand
34,513,740
total.
3 ,504.062
16,521,496
142,340,908 135,S78,812 117,284,72? 106,534,687
Ntt Earninfjs—
PennsyWanU
18,840,924
18,584,728
17,730,482
New York
11.1.57,005
12,895.0!1
12,717,099
16,135,269
7,974,377
6,857,580
6,794,84K
6,717,228
0,283,838
4,fl2C.7SS
7,681,103
0.127,833
4,845,969
3,701,000
2,260,50
4,280,214
3,891,149
2,433,147
2,692,791
2.820.2T8
49,617,671
62',98S,2h4
49,212,516
8,718,6SS
8,341,795
^,224,403
88,051,365
7,427,923
58,336,353 61,330,070
511,438,949
45,470,288
Central
Erie*
Lake Shore
MIchiKan Central
Cleveland Col. Cln.
&
Ind..
Total
Lackawanna
Grdntl total
*
t
1,482,171
After deductioK rentals on roads operated on a iierccutage basis,
lueludiiis betterment outlays.
Two
principal features attract attention.
The
first
concerns the magnitude of the operations covered by
these seven companies, and the second relates to the
growth that has taken place since the trunk-line peace
compact in 1885. We think most persons will be surprised to learn that the aggregate gross earnings of the
seven systems (the Pennsylvania figures covering simply
the lines east of Pittsbiirg and Erie, and even of those
only such as are directly operated) in 1888 reached over
December twice 300 million dollars. The
increase that has occurred in this
noteworthy, for in 1885 these same
the twelve-month period was quite small ($97,980). But roads earned only 153 million dollars, so that the addithat was after spending nearly $3,700,000 on new tion in three years has been over 48 million dollars, or
equipment and improvements. The supposition is that nearly one-third. On the New York Central the gain
the requirements in that way the present year will be is lOJ million dollars, and that after a loss in 1888 of a
as large as that
now
reported, the balance at the end of
much less, and as supporting that inference it should
he noted that for the first time since the absorption of
the "West Shore we have a decrease in expenses as compared with the corresponding period of the year preceding.
BO mild
of
Besides, the winter weather,
up
to the
present time,
the current year.
It
is
permits
which has been
decidedly in favor
a larger business,
aggregate,
is
no
less
may bo supposed that this gain
measure as the result of the increased
mileage represented by the West Shore, whose accounts
But on the
are not- included in the 1885 figures.
million dollars.
It
follows in large
Pennsylvania the addition
million dollars,
is
increase of over 13 millions
larger
still,
Lackawanna
while the
;
reaching 13^
also has an
on the Erie the increase
is
and allows of a considerable saving in expenses 5 millions, on the Lake Shore 4 millions, on the Micharising from snow blockades, &c.
The results for the igan Central 3 millions, and on the Cleveland Columbus
March quarter, for these and other reasons, seem to Cincinnati & Indianapolis 1 million.
promise to be better than in 1888, the deficiency then
The improvement in the case of the net is not so
having been nearly half a million dollars.
marked. In fact, while the gross has increased 48^
While the Central's fiscal year ends with September, million dollars (between 1888 and 1885), the net has
Iiaving given the results by quarters we can make up increased not quite 13 millions, owing to the heavy augthe figures for the calendar year.
We also have full mentation in the expense account. The Lackawanna,
returns by months or annual statements for the Penn- with its gross enlarged over 13 millions, has added only
sylvania, the Erie, the Lackawanna, the Lake Shore, about
li millions to the net. In the late year the
the Michigan Central, and the Cleveland Columbus increase in expenses has been especially striking, for
Cincinnati & Indianapolis.
Thus we possess the mate- while the gross on the seven roads was nearly 3^ millions
rial for a very interesting comparison of the results on
better than in 1887, expenses ran up G^ millions, leaving
these various trunk lines, and accordingly have prepared the net 3 millions less.
the following statement, going back to 1885.
We gave
It has been frequently noted that when railroad intera similar statement two months ago covering the years ests are prosperous the community is prosperous.
The
ending September 30, but it did not embrace some of facts given show the reason. The greater part of the
the roads now included, and of course the present
of a road goes back to the community in the
figures possess increased value as
coming down
to a later
income
shape of pay for labor and supplies.
In 1885, with the
Fkbruirt
ft,
THE CHRONICLB.
1889.]
176
trunk lino situation at its worst, the seven roads paid ing table showing the character of the grain arrivals at
out in expenses only lOG million dollars ; in 1888 they New York, it will be seen that the falling off in the
paid out 142 millions, being an increase of 36 millions, movement arises almost entirely out of the decrease in
The addition to the gross wheat and flour, though nearly all the minor cereals also
or over 33 1-3 per cent.
in the same time wo have seen was 48 millions, record diminished totals.
receipts
KINDS OF CnAIX RECEIVED AT SEW TOBK.
so that about throe-quarters of the whole amount went
out in increased expenses.
That
is
a significant fact.
It
proves that the laborer and the business man, and not
the stock and the bond holder, get the most benefits
from an improvement
Suppose instead of the
142 millions which was spent as above set out in 1888
these seven roads should suddenly have to come back to
the 10(> millions spent in 1885 is there any doubt as to
the disastrous effect the change would have upon our
industries ? Yet in the West some of the railroad commissions are pursuing a policy which, if persisted in,
must inevitably lead to some such result as this on the
of
C'^rn
Com
in railroad revenues.
Or take another view
Calendar Year.
Floor
it.
—
bbls.
bbls.
meal
meal
mcks.
Wbeat
bush.
bush.
bosh.
Corn
Data
Barley
btish.
Rje
bosh.
buab.
bash.
Peas
Malt
Total Kmin
Flour, reduced to
Heal, reduced to
Grand
total
bush.
bash.
bush.
bush. '108,052,370
Com and
oats, it will be observed, show larger delivthan in the previous year. As is known, the 1888
yield of corn was very much heavier than that of 1887,
THE
GRAIN
but of course very little of the new crop came forward
SEABOARD.
before the close of the year.
The effect, however, was
It has been more than once pointed out in these to cause farmers to market their old corn, and prices also
columns that the grain movement during 1888 at New for a good part of the time were in favor of a free
Y'ork, and the seaboard cities generally, was quite small. movement. .Bearing this in mind, and also the fact
We have now prepared the figures for the full year, and that the 1887 receipts of the cereal had been very small
they enable us to measure the extent of the movement (the table shows that they amounted to only 20:J million
and to see the changes which have occurred in it as bushels, against 32J million in 1886, and 38^ million
bushels in 1885), the gain in 1888 of not quite four
compared with other periods.
Not for eleven years that is, not since 1877 ^has the million bushels is not very surprising. It is to be noted,
total of the grain receipts here been so small as it was last moreover, that this gain occurred entirely in the last
lines in that section of tlie country.
eries
MOVEMENT AT
THE
—
—
Reducing flour to its equivalent in wheat, and half of the year, the receipts the first six months having
adding the different cereals together without regard to been over two million bushels less than in 1887.
Great interest attaches to the routes by which the
the differences in the weight of the bushels (which is the
plan pursued in the Produce Exchange reports, and receipts reached New York.
How much did each of
which we follow to preserve the comparison), the the trunk lines bring in, and how do the deliveries by
aggregate receipts foot up a little over 106 million rail compare with those by canal ? With a heavy falling
bushels, against 127i million bushels in 1887, and nearly off in the total movement, it stands to reason that we
131 million bushels in 1886. In 1877 the total was only must expect heavy declines in the case of the amounts
103 millions, but in no other year in the interval has contributed by the different routes.
There is just one
the amount been as low, and in 1880 the total was 169 exception to the rule. The West Shore has been makmillion bushels.
ing such rapid strides forward, that it actually carried
The reasons for the small movement are of course nearly 1^ million bushels more than in 1887, notwithperfectly obvious.
Small crops and a diminished export standing the 21^ million bushels decrease in the aggredemand furnish the principal explanation. Take wheat gate. But while the West Shore gained 1} millions,
for example.
The arrivals of that cereal in 1888 were the New York Central lost 6 million. On the Erie the
not one-half those of the previous year, reaching only loss reaches 4 million bushels, on the Pennsylvania over
20 million bushels, against 45 million bushels. But the a million and on the Lackawanna a little less than a
wheat yield, which had been small in 1887, was still million bushels. The canal had 12 million bushels less.
further reduced in 1888, there being a falling off in
But the point of most importance is as to whether the
both the spring and the winter variety, but especially in relative positions of the different roads and of the canal
the former.
At the same time prices here were such as have been changed. We find that taken together the
to induce foreign buyers of (wheat to get their supplies roads have gained, while the canal has lost, the profrom other countries rather than from the United portion of the whole contributed by the latter being
States.
This falling off in the export demand would 4 per cent less than in the previous year. But rates on
year.
alone
be
for the diminished the trunk lines were more or less demoralized in 1888,
had not been reduced. There and thus the canal did not have the same advantages as
has also been one other circumstance which for a part of in 1887. Still, the ratio by canal was very large over 32
the year at least must be supposed to have operated to per cent of the whole.
There was very little difference
check the movement or tendency of wheat towards the in the length of time that the canal was open it opened
seaboard.
We refer to the fact that after the Hutchin- May 10 and closed December 3, against May 7 and
son corner in Chicago, prices in the West advanced very December !, respectively, in the previous year but
rapidly, and at times ruled higher even than here in there were one or two breaks which caused some interNew York an unusual state of things, effectually pre- ruption. On the whole, however, it may be assumed
cluding the shipment of wheat this way from such that these had no very important effect on the aggrepoints.
Ordinarily the price is lower in the West, since gates.
The position of the canal in any given period
the New York quotation must cover the transportation depends very much upon the condition of things among
charge for bringing the wheat here. From the follow- 1 the trunk lines,
If the roads are at war and carrying
sufficient
to
account
receipts, oven if the yield
—
—
—
—
a
.
.
. .
THE CHRONICLE,
176
(Vol. XLVIII.
There is reason to think that the loss at the Southern
is sure to lose; whereas,
the roads are at peace and rates relatiyely high, the points follows in great measure from the unsatisfactory
Between these two crops in the territory naturally tributary to those points.
reverse is certain to be the case.
extremes there are all the intermediate stages of trunk- With a large corn yield in the Ohio Valley, and a good
freight at low rates, the canal
if
which exert more or less influence export demand for the same, their position ought to
upon the canal movement. In 1885, with trunk-line improve again; at some of the points the improvement
rates totally demoralized, the canal had only 23 per cent has already begun.
line competition,
of the total receipts; in 1886, with the rail rates well
maintained, the canal had over 33f per cent, and in 1887
COTTON CONSUMPTION AND OVERLAND
MOVEMENT
there was a further increase to 36 per cent, from which
The following
there has now been a drop to 32 per cent.
table gives
and each
of
NEW YORK BY
KBCEIPTS OP GRAIN AT
Buah.
Bush.
P.C.
Bush.
\P.O.
N. T. Cent.
18,(»M6.845 17-91
84,979, 925 18-59
Brte
16,408,906 15-47
8.784.272 8-28
20,599,,769 16-16
Pecna
D.Ii.&W.
West 8h...
Var.RK.'s.
Tot. RB.
BIT. 4 c'w.
the cotton crop season.
ficiency
34,021,275
all. 106.052,.S70 lOO-Ol
J5,229,S91 12-02
6,718,428 4-52
10,001.289 7-90
069,959 0-75
10,049,576
7-67
4-17
9-45
10,821,678
10,006,872
7-81
12,043,,509
1,027
7,285,
5-71
6,421,181
4-91
--
7-64
,62-81
84,741,170 84-73
1,414,
1-10
46,011,
32-1 8:
P. C.
86,079,712 28-50
21,979,551 19-73
7-73
36-09
2,138,370 1-83
41,038,5S2 33-84
80,075,
BlMh.
27.872,526)20-91
20,669,936 16-79
9,850,,926
68,556,476 64-6J
8,474,619 3-28|
Canal
P. C.
6,315,,»4S
4,450,768 4-20
13,463,610 12-70
6,451,175 6-18
Total
ROUTES.
1885.
Calendar
Tear.
FEBRUARY
TO
1.
Our statements of overland movement, receipts, &c.,
the amounts and proportions for the canal which are presented below embrace the period from
the rail routes, during the last four years.
September 1 to February 1, or the first five months of
127.5"0.804 lOQ-Q ll!i0.910,062ll00-0
92,968,610 73-12
3,738,304 2-95
29.930,587 2.S-63
126,837,131
The Pennsylvania, the West Shore, the " various
1000
rail-
compared with
It will be noticed that the delast year heretofore disclosed
has
been considerably reduced during the past month.
OVEELAKD MOVEMENT TO FEBEUART 1.
There has been a liberal movement of cotton by rail
in January, the gross amount carried overland reaching
the large total of 222,688 bales, which compares with
160,234 bales in the like period of 1888 and 192,732
bales in 1887.
In consequence the loss from last year
months
in the aggregate for the five
—13,406
bales
roads," and the Lackawanna, each show larger percent-
earlier years
ages than for 1887, though only in the case, of the West
Shore is the increase heavy. The Erie and the New
York Central, on the other hand, have suffered a reduc-
month
—while
is
now
contrasted with
heavy gains are recorded.
quite small
1886-87
The
and
net for the
also exhibits a substantial excess over that for
January of previous years, being 125,756 bales, against
81,701 bales last year and 69,478 bales two years ago.
tion of their ratios.
The Erie loss is slight, but that of For the season to date the decline from last year is now
the Central is more important, that road having also 102,824 bales, but there is an increase over 1887 of
lost in the previous year.
The West Shore, however, 106,369 bales. We give below the details of the whole
has been gaining much faster than the Central has been movement overland for three years.
OVERLAND FROM SEPTEMBER 1 TO FEBRUARY 1.
losing.
Combined, the two roads furnished 30-61 per
cent of the whole in 1888, against 29-04 per cent in
1888-9.
1887-8.
1888-7.
1887, and 28-55 in 1886. In 1885 the Central alone had Amount Shipped—
From St. Louis
391,604 363,918 281,324
28i per cent, but that was when rates were very low,
Oyer DUnois Central
118,417 146,626 137,752
and the trunk-lines were gaining at the expense of the
Over Cairo & Vlncennes
103,707
70,323
100,218
canal.
In that year the "various" or miscellaneous
Over the Mississippi Elver, above St. L.
7,582
11,827
Over E vansvlUe & Terre Haute
26,764
68,04
50,381
roads (irregular routes which, like the canal, thrive best
Over Jefferson vllle Mad. & Ind
22,910
40,799
16,278
when trunk-line rates are being maintained) furnished Over Oliio & Mississippi Branch
7,736
8,93
6,832
Over Louisville Cincinnati & Lexington
66,903
71,264
69,705
only three-quarters of one per cent of the entire
re-
ceipts, or less
ratio has
than a million bushels
been steadily
rising,
;
since then their
and in 1888 reached over
Receipts at Cincinnati by Ohio River. .
Receipts at Cincinnati by Cin. South'rn
Over other routes
Shipped to
6 per cent, or nearly 6^ million bushels.
mills,
not included above.
Total gross overland
Having the New York receipts, it will be useful to go
one step further, and see how this port compares with Deduct—
Receipts overland at N.Y., Boston,<S:o.
the neighboring seaboard cities— Boston, Baltimore and
Shipments between (or South from)
Western interior towns
Philadelphia.
Of course, like New York, these cities
Deduct also Shipments inland and Tak
all show diminished totals, but they have not all
lost to
ings for Southern OoniumptUm
from the following Southern ports—
the same degree. Here is a table giving both the
amounts and the proportions
Galveston
New Orleans
of the four cities for the
last four years.
MobUe
Savannah
RBCEIPTS AT 8EAB0ABD CITIBS.
Calendar
Tear.
1887.
Bush.
P.
Bush.
106,062,370 58-29 127,600.801 57-00
30,734.409 16-89
31,921,197 11-27
Baltim're. 16,051,86«
25,038,809 1119
Total
»),081,0l8ll5-9»
181,922,1611100-
39,252,205 17-61
•i23,713.815 100-0 227,007,082 100-0
:
The two northern
—Boston
ports
have both increased their
Blith.
ratios,
217.099,213
1000
and New Yorkwhile the two more
10,038
76,746
99,840
4,92f
7,447
869,438
193,485
142,774
189,294
57,456
43,888
36,731
6,528
16,128
1,527
3,203
19,863
7,03S
5,297
12,048
19,741
7,941
722
3,154
750
988
497
33,107
26,041
28,969
Total to be deducted
330,495
241,077
286,268
Leaving
689,58;
P.O.
130,910,062 57-67 126,637,431 68-33
35,769,881 15-75
31,660,985 11-88
21,554.692 9-60
24,300,936 11-19
38,772,414 17-08
34,299,881 15-80
...
Phlladel.
P.O.
6,762
109,240
142,572
1,020,084 1,033,49C
670
Charleston
North Carolina ports
Virginia ports
188S.
P.
Busll.
New York
Boston
,
32,510
94,981
141,851
5,089
*
total net overland*
583,220
shipments to Canada by rati, which since
in 18S8 amounted to 27,238 bales; in 1887-8 were 29,113
1886-7 -were 24,138 bales.
793.413
This total includes
September
bales
and
1
in
RECEIPTS, EXPORTS
AKD SPINNERS' TAKINGS.
Eeceipts at the ports during January, like the oversoutherly ports— Philadelphia and Baltimore— have
suf- land shipments, have been heavier than in either last
fered a reduction of their percentages.
Boston appears year or the year previous, and now the decrease from
to best advantage, its proportion being over
3^ per cent 1888 in the season's aggregate is only 91,870 bales, and
higher than in the previous year. New York has 58-29
comparison with 1887 discloses a gain of 45,421 bales.
per cent of the entire receipts, against 57 per
cent in The month's receipts have been 718,091 bales, against
1887.
Boston and New York combined have 75-18 per
527,570 bales and 644,681 bales respectively in the twocent, against 71-27 per cent, wliile
Baltimore and Phila- preceding years.
Exports to foreign ports for the
delphia have 24-82 per cent, against 28-73
per cent. month diSer but little from January of 1888, reaching
J
1
FKbrdaht
9,
.
1
THE CHRONICLE.
1889.
As
588,518 bales; but contrasted
1887 there is a large falling off, the
with the month of
shipments then having been 740,887 bales. The total
580,377
against
biilos,
it
177
will interest the reader to see
month
into sight each
what has como
during this and
of the season
previous years, we have prepared the following, which
months, as will be seen below, is smaller shows the movement for the last four seasons.
than in either 1888 or 1887, but only slightly so. Our
for the five
Montht.
usual table of receipts, exports and stocks
Sept.
1.
1.
xmv.
Sept.
Sei>t. 1
1887.
068,778
18,017
S98.740
Totai.
Bl
Puo. &o
New Orleana.
176,694
249,197
12,000
448,116
l7e,7eB
1U,SS0
iafl,148
711,008
779,228
193,870
43,466
83,508
38,168
BATannab
tlA.S33
890,577
330,601
160.776
4,11«
1.4I.'),433
1,527,037
1,340,>*71
l,-i67,7H7
791,847
<')
540,271
662,651
1,488,583
511.703
."5,752,489
months.
887,881
81,380
47,3.18
20,673
4,550
4I9,0:<9
178,917
6,d52
11,666
139,843
11,648
50,672
383,927
18,792
WUmlniilon
82,488
80,800
51.587
1,359,901
1,592,5»0
5,931,183
5.477,699
5.320,230
107,833
170,078
48,245
76,402
28,665
99,067
7,604
403,861
186,302
31,086
48,391
315,957
71.416
334,88fl
108,426
7,808
317,388
115,734
88,593
39,714
New York
59,791
47.1»3i
63,560
55,8:20
376,477
117,8e0
36,090
BoetOB
Baltimore
48,1 19
19,648
74,965
800
S8,08S:
80,816
24,080
..
W««hlngt'ii,*o
Rorfolk
We«t
Point...,
Newp'tN«w«,4«.
Pblla(]elphia,Ac
Total 18RS-89... 4,445.900'
169,796
1,810
30,486
8,843
89,714
578,362
119,700
106,841
38,263
Number of
6,800
Texas
22,698
Louisiana
919,607 3.016,022
933.187
930,009
Total 1888-87...
4,400,479 1,874,215
413.965
760,341 3,038,521
946.302
Great Britatn exports include to the Channel.
Soath Carolina.
Virginia
Korth Carolina.
Using the facts disclosed by the foregoing statements,
we shall find that the portion of the crop which has
reached a market through the outports and overland,
and the Southern consumption since September 1, this
in
1886-7.
Weight.
Tennessee, &o..
Total.
574,795
1,381,270
176,769
825.788
343.393
806,441
143,959
1,148,074
Weight.
525-49
493-50
51611
50700
49012
48600
302,C49.025
681,656,745
89,621,883
404,735,215
166,888 998
395,833,50J
69,935,282
576,218,341
49900
48100
47600
Weight.
2.686.938,989
482-10
516 00
484 00
475-CO
49500
4-812
47000
477 40
501-90
473 00
488 14
467 90
50141
49754
489 69
488.46
490 84
485 80
|
Including Florida.
It will bo noticed that the movement up to February
shows an increase in the average weight as compared
with the same periods of the last two years, the average
this year being 497-54 lbs. per bale, againist 485-69 lbs,
1
is
as follows:
1888-89.
1887-88.
1886-87.
Receipts at the ports to Feb. 1.... bales. 4,445,900 4,537,770 4,400,479
Metabipmente overland during same lime 689,589 792,413 583,220
Total to Feb.
Sam*
peri'et in peri'd
Average Average Average
5,400,489
Alabama
Oeor/^a*
Total receipts
Weight in
Pound*.
Bale*.
17,692
934,014 3,087,073
per bale for the same time in 1887-88 and 488-46 in
1886-87.
bales. 5,135,489 5,330,183 4,983.699
Soutbcm consumption since September 1
1880,
12,000
873,393
year and the two previous years,
1,
1887-8.
22ri.340
4,5.S7.770 1,879,666
l,807,68-.(
Same
Five Month* ending Feb.
Total 1887..88...
•
1,3«0,>'70
wp:ight of bales,
To furnish a more exact measure of the receipts up
to February 1, we give below our usual table of the
weight of bales. We give for comparison the figures
for the same time in the two previous years.
81,943
Brunswick, Ac
Charleston
Port Uojal,4c.
1. .588,76(1
l,6.'59,eo6
47,680
38,"o"
68,527
81,076
18,000
1,381,870 1,391.879
Mobile
Florida
485,552
1,4».S,289
January
1,
1885-86.
431,838
iwnt.
Total
OalTMton....
1888-87,
824,3»9
l,Sl."i,207
Deroriihor
Feb.
TO—
1888,
CantU
Great
Franu.
Brttain*
1
188a
1887-88,
4'24,Z<<9
September.. .
Ootobtr
NoTciubcr. ...
Stockt
1,
Hnce
since
1888, to
Ftb.
EXPORTS SINCI 8«PT,
Receipt*
Movement from
18S8'80.
as follows:
is
265,000
240,000l
THE COTTON GOODS TRADE IN JANUARY.
194,000
1
The amount
of cotton marketed since September 1 in
Following the large business which was done towards
bales 5,400,489 5,570,183 5.177,6!)9
1889-80 is thus seen to be 169,694 bales less than in
1887-88, and 222,790 bales more than in 1886-87.
To
the close of last year, there was a natural reaction in the
demand at first hands, and the business of the month,
was comparatively
Denims and some other de-
light.
scriptions of colored cottons were a trifle easier, as were
determine the portion which has gone into the hands of
Northern spinners during the same period, we have pre- low grade 39-inch brow-n sheetings adapted for conversion purposes, and some makes of wide sheetings
pared the following:
were slightly reduced by the mill agents, but other
Total receipts to February 1, 1889, as above
bales 5,400,489
Stock on hand commencement of year (Sept. 1, 1883)—
AtNorthem ports
146,593
At Southern ports
34,632 —181,225
At Northern interior markets
1,065—
Total supply to February 1, 1889
supply there has been exported
to foreign ports since Sepr. 1,1888.3,016,022
Less foreign cotton Included
4,320-3,011,702
Bent to Canada direct from West
27,238
Of
this
BomtNorthand South
.".'..".'.
Stock on hand end of month (Feb.
AtNorthem
At Soutbem
AtNorthem
ports
ports
interior
1,
values remain
Print cloths were very
the market closed strong at an
182,290 advance of twelve (12) points upon the opening quotaStocks of print cloths at the manufacturing
5,082,779 tions.
centres are wholly nominal, and very large orders for
active in
goods to be made are held by the mills.
1889.
280730
652457- 933,187
markets
OoU'n Print-
Jan
Sheet- Oott'n Print-
low
ing
ings,
low
mid- cloths, stand- mid- clot
14,141—3,990,766
takings by Northern spinners this year
dling.
9>4
9^
394
9»18
3-94
3-94
4
!l.li357',951
6
«
30,938
..
7
9
bales.
8
indicates that
1888-80.
Tot^marketed, as above....bales
interior stocks in excess of Sept,
Total In sight
1
hales.
3-94
2
1,327,013
Northern spinners had up to
February 1 taken 1,327,013 bales, a decrease from the
•orresponding period of 1877-88 of 30,938 bales and an
increase over the same time in 1886-87 of
186,116 bales.
AMOUNT OF CROP NOW IN SIGHT.
The above
1887.
1887-88
1886-87.
5,400,489
5,.570,183
10
11
12
13
14
15
18
17
18
19
9»16
9%
9%
9'l6
352,000
384,000
5.752.489
5.9.'?4.183
5.477,699
This indicates that the movement up to February
1
of the^present year is 181,694
bales less than in 1887-88
and 274,790 bales greater than in 1886-87.
30.
81
938
938
939
9%
9%
93g
10
10
7ij' 10
3-75
3-75
i-75
3-75
7>«
7'«
7I9
71s
7'«
7>B
7'*
7>s
7i«
7'«
8
..
4 00
4 00
H'day
362
400
40
4 00
400
W
'
lb"
978
iS""
lo^
101,8
101,8
lo^
4-00
10^8
4-()0
Tn
lOifl
7"!
io>a
4-08
4-06
4-06
4-Oi
7'«
7>«
7si
103ie
lOSis
3-75
3-88
3-88
3-c8
3-88
'
'O'ls
.8...
3-75
3-75
3-75
3-75
3-75
3-75
388
io>«
...8.
3-88
3-88
3-8S
3-88
3-88
loi;' 4-00
lid',.
"n\'
7H
7'4
7'4
7>4
7>«
4-uO
7>«
7>s
7>a
7"*
7>a
W
7'fl
.
TJi"
7»9
M...
9
338
9'l6
9',8
91,6
«l,8
9I18
3-38
3-38
3-38
3-38
3.3 i
'4'"
9
9
3-38
3o8
3-.<8
3-33
3-33
3-38
7'«i'
7>4
7>«
7>a
400
..8.
64x64 ant.
..
7-4
714
7^4
714
7>4
...8...
'
lb"
7>«
714
400
400
dling.
..
8...
8"V8 3-38
81»18 3-38
3-38
9
9
9"
Sheeting*,
cloths, itana-
H'day
7'*
7\'
..
,
7h
mg
low
mid-
...8.
3-94
I
20
22
23
24
26
26
27
28
??
3-94
3-94
3-94
3-94
3-91
3-94
4-00
21
5,177,699
300,000
8...
..B...
9k'
Sheet- <7o«'n Print
ings,
alaiul-
64i64 ard. dling. 64x64 ard.
U'day
1
3
Taken by Northern spinners since September 1, 1888
Taken by Northern spinners same time 1887-88
in
1888.
4,498
1889)—
Total takings by spinners since September
1, 1888... bales. 1^592ioT3
lUen by Southern spinners
265,000
Decrease
fairly steady.
demand and
3-39
3-44
3-44
...8...
9
3-44
3-50
9
350
9
9
3-50
3-50
3-50
.8
..
8U„ 350
..
.
—
.
THE CHRONICLE.
178
[Vol. XLVIII.
IMPORTS AND EXPORTS FOR DECEMBER.
JANUARY 31, 1889.
The Bureau of Statistics has issued its detailed statement of
the foreign commerce of tlie country for the month of Dec,
and the six and twelve months ended with December 31, 1888,
as well as comparisons for the corresponding periods of the
preceding year, as follows:
MERCHANDISE.
For the 12
For the 6
Months enOed VonthB ended
December 31. December 31.
For the
month of
December.
1888.— Exports— Domestio
$375,063,225 t679.603,067
12,163,395
5,659,710
$380,722,935 $691,766,4 02
725,224,153
352,605,326
$28,117,609
$33,457,691
$379,322,262 $703,319,692
11,981,352
5,588,718
$384,»10,9f0 $715,301,044
351,338,287 708,818,478
$6,482,566
$33,572,693
f84,729,912
1,025,569
Foreign
$85,7r'5,481
Total
Imports
60,488,104
Excess of exports over imports $25,267,377
Excess o( imports over exports
$71,962,514
l887.—Exports— Domestic
1,267,037
Foreign
$73,229.5.'il
Total
Imports
52,111,228
Excess of exports over Imports $21,118,323
Excess of imports over exports
rti>Ll> AND SILVISK
COIN AND BULLION.
1888. -Exports— Gold— Dom. .
*7,607,692 $17,907,200 $28,574,425
4,324,002
Foreign
225,292
57,659
Total
$7,725,351 $18,132,492 $32,898,427
Silver— Dom
$2,525,790 $12,433,521 $22,646,792
Foreign.
8,523.142
4,814,019
1,173,823
Total
$3,699,613 $17,217,540 $31,169,934
Total exports
$11,424,964 $35,330,032 $64,068,361
Imports— Gold
$906.F00
$7,290,098 $12,331,090
Silver
14,537,652
1,927,233
8,379,146
Total
$2,833,733 $15,669,244 $26,868,742
Excees of exports over imports $8,501,231 $19,710,788 $37,199,619
Excess of imports over exports
1887.— Exports— Gold-Uom.
$352,652
$1,892,859
$.5,091,551
Foreign
89,420
4,052,875
13^34
Total
$365,986
$1,932,279
$9,144,426
Silver— Dom.
$2,944,354 $10,422,149 $19,718,967
Foreign
700,428
4,982,935
7,926,021
Total
$3,G44,7!>2 $16,405,084 $27,644,988
Total exports
$4,010,768 $17,387,363 $36,789,414
Imports— Gold
$1,805,248 $38,89.',325 $44,889,299
BUver
1,496,481
9,245,103
16,772,614
Total
$3,301,729 $43,138,488 $61,661,913
Excess of exports over imports
$709,039
Excess of imports over exports
$80,751,125 $24,872,499
TOTAL MKROHANllISB ANU COIN AND BULLION.
1888.— Exports- Domestic
$94,923,394 $405,403,940 $730,824,284
Foreign
2,257,0511
10,699,021
25.010,539
Total
$97,180,445 $410,102,967 $755,834,823
Imports
63,321,837 363,274,570 752,092,>-95
Excess of exports over Imports $3i!,858,608 $47,828,397
$3,741,928
Excess of imports over exports!
1887.—Exports— Domestio
$75,259,520 $391,637,270 $728,130,210
Foreign
1.980.7991
10,661,073
23,960,248
Total
$77,240,319 $40i',298, 343 $752,090,458
Imports
55,412,957 399,476,775 770.480,391
Excess of exports over imports $i!l,827,362| $2,821,563
Excess of imports over exports
$18,389,933
—
.
Assets
December
and
239.051,535
96,590.321
Bullion....
Total gold
237,851,218
90,910.464
(Asset) 335.841,856
Certificates issued
Certificates on hand
158,030.110
25,013,518
120,888,448
Certiflc's. Tiet.(.Liabaitv)
Net gold In treasury.
184,655,284
SILVER— Dollars.stand'rd
254,406,869
4,774,411
{Asset) 264,334,210
Total silver
259,181.310
250,178,586
3,988,687
Certificates Issued
Certificates on hand.
250,051.551
4,717,113
..
Certiflc's. net.(LiaMii(i/) 246.337,433
240,219,990
silver in treas'v
18,996.772
C. States notes
{Asset)
Certificates issued
41,125.860
10.720,000
470,000
43,381, 4i'8
14.010.000
95,000
on hand
Certificates
13,915,000
Certiflc's, net.CIiaWtttl/)
10,250,000
Net U.8.notes in treas
Trade dollar bullion
29,146,493
National Bank notes
Deposits in Nat. Banks..
309,168
50,499,122
xbicts and
FOBIS.
Chanipl'n, N.y
Cbarlest'n, S.C
Clilcago.Ill...
Cincinnati, O."
Detroit, Mich
Duluth, Minn
Galvest'n, Tejc
MllWkee.WlsMlnn'a'a.Minn
Mobile. Ala...
New
Orl'ns.La
NewYork.N.y
NtaKara, N. Y.
Norfolk, Va...
Oregon. Oresr.
OsweKa'ie,N.Y
Oswego, N.Y..
Phlladel'a. Pa.
Portland. Me..
St. Louls.Mo.*
San Fran.,Cal,
Savannah, Ga.
Vermont, Vt..
Willamette, Or
Wllml'g'n, N.C
Yorktown, Va.
Totals.
cluding
oth'r
BXPORTS.
12 months ending
Ba1anceH...,(Aaset^
t
038,305
5.6^17.88)
B0»,752
231.608
62.918
1.342.834
uo.nas
24!,593
Exports
$
4.700.891
8,075,122
2.S,4H«
58,450
3,322,280
841
2,034 .503
3,B05, 173
Matured debt
Inter't on matured debt
2,067,,095
159,,847
,400.149
,70i,r.094,805
160,731
Int. prepaid
not accr'd.
Debt bearing no inter'st
Int. on Pac. RH. bonds
Que, unpaid
Aoc'd mt., Pac. RR. b'dt
879
480
95,700
323.
1,117
8.510
,988,706
Debt and \nt.{hiabiUtv)
Fract'l cur'cy redeemed
U. 8. bonds and inte'st.
Int.ch'cks & coupons p'd
Reg. &coup. int. prep'd
8,289,114
13,306.302
Debt and inter' st.(.(lsset)
179,954
480
879
235,989
49,544
285,998
D'bt&int.netfLiaMHty)
Rea've f or red. U.S. notes. 100,000,000
Fund held
13,020,309
8,106.:60
100,000,000
for redenip. of
notes of Nat. Banks
86,279,471
83,979,986
Five p. c. f'ndfor redemp.
of Nat. Bank notes
5,709.827
6,538,080
Redemp.res'r.(I4aMr,(i;) 189,689,613
Nat. Bank notes in pro5,130,032
cess of TQAQvaxi .. .{Asset)
192,887.651
8,721,723
Net res'rves.(Li«bi/ity)
Post Office dep't account.
Disburs'g Oflicers'bul 'ces.
Cndistrib'd ass'ts of lail'd
National banks
Currency and minor coin
189,142,839
181,559,881
5,535,720
28.730,005
4,291,831
32,991,670
1.599.650
1,415.910
1,200
1,330
9.770
redemption account
2,560
Fractional silver coin re-
demption account
Redemption and exch'ge
account
883,118
6S5,34'
Treasurer's transl'rch'ks
and drafts outstanding.
Treasurer U. 8., agent for
4,120,076
5,490,994
paying Int. on D.Col.bds
462,869
211,872
(lAahiUtv)
Total
InUon D.Col.bds pd {Asset)
42,5n5,151
117,185
43.748.277
1,008
Net
{Liability)
43,747,871
12.337.986
Balances .(Liability)
•Ml,0.'53,»Or
64,936,943
,
—
(A sset)
•245,91
0,403
60,636,264
Assets not available-
31.
December
1888.
t
12.003.827
61,534.532
6.443.075
8,382.838
567.829
13,121,003
2,607,235
8,085.303
89,189
720,088
689.286
837,728
12n.840
143,188
24,449,597
31.
Aggregate net Asset
78,338
23,855,458
89,629.708
Minor coin
Subsidiary silver coin..
84,37O,0«O
1887.
13.056.880
62,604.559
6.658,448
S,844.V85
481,586
12,384,201
2,422.798
45.114,813
69,379,375
401.535
1,093,319
13,003.828
1.705,37
DEBT STATEMENT JANUARY
I
19,828,105
31, 1889.
58,()86,818
3:8,067
1,«92,Od7
15.288,318
1,697,783
432.983
2,852,:<92
4,478,503
4,37S,'995
2.563
2.884
180.014
1,204,893
8,988,139
38.980 3.721,402
788,718 14,498,689 18,831,814
49,e21
631.778
UB,3«8
07,242
9,188,773
97».3>-3
783,831
25,«50
.102,038
78,022
3.442,810
3,327,353
8^6,39^114,908.238 13,217,141f 10,21 1 ,388 8[),906,146 83,977.213
33.919.041 28,880,958 484.255, W3 483,183,372 290.895.853 313,148,314
489.15')
ii330
4,048,349
3,807,372
M5.938
1)11,189
8,907 2,488,351
87,682
119,26:'
13.812,811 14,714,404
4,1
84,595
111,289
23S,63'
1,410,608
1,208,118
]9S,7H3
57,43"
2,114.772
2,319,217
1.8,89,857
1,768,334
2.'4,406
13,71,1
4,292,738
4,954.053
2,166,18!
1,8;)2,7»1
4,213.998 2,407,211 45.02u.148 39,508,173 28,028,708 33.8.89,187
34,801
904,48"
313,887
1,770,123
1,482.133
2,421,563
212.478
3,M1,060
3,109.:i80
8,2.:9.730 3.6Y4.'l43 48,fOH,200 4l,OU3,048 34,372.381 2«,687',454
38,008 4.718.092
1SI,111 17.850.233 23,081,909
353,811
683.218
145,209
6.752,834
0,942.484
1.784,397
1.4.H3.6i;4
174,45b
794,805
1,055,492
418.7231
5,660,590
3,053,210
27.118 1,908,47
20J.392
138,238
6.198,144
7,017,903
887,004
172,281
473.129
6,381,884
9,852,750
(In-
The following is the official statement of the public debt aa
it appears from the books and Treasurer's returns at the close
of business January 31, 1839.
INTBRKST-BBARINO DEBT.
Character o]
Amount
Inter't
Issue.
P'j/'ble
Registered.
Outstanding.
Due
Int.
JcUnpaid.
Coupon.
Accrued
Interett.
*
t
IHs
Q.-M,
1891,
•64,623,512
787,408.312 131.592,750
1907. Q,-J.
4s
Is ref dg.certf s. Q.-J.
933,127.848
30,857,300
580,404,000 100,735,450
J.&J.
pension
Paclflo RRs... J.4J.
3s,
173.238,100
681,189.450
126,780
14,000,000
•64,823,612
112,330,803
.
Aggregate
.
227315
1,209.283
1,647,713
2.270,481
49,414
210,000
95,899
33.000
833,117
2.130,302
3,928.290
422
1893 1 $840,000 Nov. 1. 1893; average date or
maturity, March 19, 1895: 13,680,000 Jan. 1, 1898, 11,320,000 Feb. 1,1896:
average date of maturity. Jan. IS, 1890 19.712,000 Jan. 1, 1897 ; »29,904,95a Jan.
1, 1898; tl4.004,680 Jan. 1. 1899,
• »2,382.000
matures Jan.
18,
;
DEBT ON WHICH INTBREST HAS CEASED SINCE MATURITY.
all
IJist!*.)
306,346,67-J
'J99,990,630
Interest due.unpaid..
Accrued interest. .....
12 months ending
December
Imports.
Baltlmore.Md.
Boaton, Mass.
BuffaloCk.N.Y
1888.
30.875,860
6,090,786
843,328
52,390,I6«
6.083.7911
Public Debt and Int.
Xet balance
Imports.
Customs Dis- DZCEHBEB,
203,885,219
259,811,829
4,522,881
BuUlon
Net
Salanett.
lAaUlities.
'
IMPORTS AND EXPORTS BV PRI.NCIPAL CUSTOMS DISTRICTS.
and
Assets
UabiUties.
Sold— Coin.
31, 1888.
60,488,104 85,755,481 725.824.1!)3 •08,818.478 691.768.462 715.301,044
Eemalnlngln vraroliouse December 31, 1887
$31 294 730
Eemalnlug Ui warehouse December 31, 1888
$3i,969|o70
* Interior ports to wliioli mercUandlse can
be transported witliout
m^uoui
appraisement, under act of June 10, 1880.
6 lucoiuplete io the absence of law providins; the means of coUectlne
'" '^''«'°'" '<""'='" territory by railroad ours
SiVother Und vehiclet
.'
UNITED STATES TREASURY STATEMENT.
The following statement for January from the oiRce of
the Treasurer, was issued this week. It Is based upon the actual
returns from Assistant Treasurers, depositaries and superintendents of mints and assay offices, and shows the condition of
the United States Treasury January 31; we give the figures
for December 31 for comparison:
Aggregate of debt on whicii Interest has ceased since maturity is $2,067,095
Interest due and unpaid thereon, $159,616. This debt consists of a numberof
items of which the principal amounts are called bonds.
DBBT BBAHING NO INTEREST.
Aiiiount.
Old demand notes
Legal-tender notes
Certificates of deposit
Less amount lield in Treasurer's cash
95.000-
13,915,000
156,03rt.H0
Qold certificates
Less amount held in Treasurer's cash
25.043,518-
130,986,592
250,064,531
Silver certlflcatea
Less amount held in Treasurer's cash ......
Fractional currency....
$56,807
346,881,018
14,010,000
,
Less amount estimated as lost or destroyed,
Aggregate of debt bearing no interest
4.717.113- 216,387,438
15,294,063
8,376,934—
6,9 18,129
$71'.S94,»83
February
THE CHRONICLE.
0, 18t9.J
largely during the next nine weeks. For this reason th»
Indian banks expect that they will be able to obtain all tha
BBOAPITULATION.
Inttrtt.
Principal,
Tbtnfc
*
Int«r««t-* curl nK debt
833.127 .HI3
Dabt on which Int. bus oeand..
Debt bearing no IntsrMt
2.0fl7.0»5
939,1»I,MS
6,058.403
160,610
748,894.083
2,i!26,7»l
743,89J,I)S.T
«,218.130
l.H' 0.(89,1)20
Total Uobt
0* oaah Items arallable for reduction of the debt...t388.BSS,Ul
100,000,000
fMerre held for redemption of U. B. notea
I,ai5,30S,OB0
u
Total debt, leu aTallsble oaah Items
tl98,52->,141
.
1,708,31)9
known in London, and therefore the Indian banks ar»
a certain extent acting in the dark. It may be, too, that
the India Council intends to borrow for some Indian railways,
and that, therefore, it will have funds in London which are
not now known to the market. If for any reason the Council
does not draw as much as is now anticipated, it seems likely
that the price of silver must rise. But the Indian banks do
not venture to increase their present remittances, for though
it would be immediately a very profitable operation to borrow
money in London at 2 per cent and to lend it in India at 11
per cent, rates in India might suddenly fall, and if then there
was a fall in exchange, the Indian banks might lose in bringing back the money more than they had gained by sending it
1.
18R0
Debt, less cash In the Treasury. Jan.
1,
2,»)8,168
out.
1,853,880
Business on the Stock Exchange has not been as active
week as had been expected. The January investments,
though large, have not proved to be as large as was anticipated. They have not led to that shifting of securities which
was reckoned upon, and therefore they have not stimulated
speculation. Besides, there is much distrust among operators
on the Stock Exchange of the present ease in the money
market. They believe it to be largely due to the manipulation of the great houses interested in foreign loans and companies, and they fear, therefore, that at any moment it may
give place to renewed stringency. Further, they do not put
implicit trust in the assurances of emperors, kings and minisThose assurances
ters as to the maintenance of peace.
promise almost too much, since the public can see no real
change in the po'itical situation, and consequently do not
1889..
.
DocTMsa of debt durlns the month
Deereanor debt since June 80, 1888
PACIFIC RAILROADS.
Interest
of BaUivatl.
accrued
and not
yet paid.
$
Cen. Paciac. '85,885,180
Kan.
I'adflc.l 6,303,000
Waat.
Int. repaid by Companies.
*
t
m'ts: 5
Tift
j».
c.
paifl
earnings. the U.
by
S
t
5,776,006
8,650,232
658,283
:5.5«0,354
11.858.355
362,483
438,409
21,(M9,2:!4
21.813,097
1,970,580
& P.
1,628,330
..,. 64.«i.S.512
833,117!80,547,S,"i2
ToUIS
portation
BaUince
pay- of Interest
139,435 31,994,644
91,515 8,300,823
Pacific
BlOttz C.
nu Tram- By cash
Service.
136,182 3S,e45,8U»
8,000 8,077,808
9,853 3,319,633
8,141 8,001,643
Unl'n Paciac 27.83«,518
Ceo. Br. U.r 1.600.000
13,816,281
43.738,(!83
Inttrttt
paid by
the V. S.
4,550,01)0
6,926
9.367
147,758
1.108,619
57,631,l:i5
The sinking funds hold (»10,378,»50 bonds and »14,723 cash) 110,301,373, of
which {3,141,883 vas on account of Central Pacific and t7,249,490 on account of
Dnlon Pacidc.
[From our own oorreBPOudeut.I
The Directors
of the
not
to
Debt, le»» cash In the Troa.snrT, Feb.
Principal
Outstaniing.
remittances they require from the CounciL Whether they will
or no depends largely upon the balances held by the Presidency treasuries'. Your readers may perhaps not be aware
that each of the three Indian Presidencies has a treasury of
its own, and it ia upon these treasuries that the Council
draws. Obviously the drawings must be regulated by the
balances held by the treasuries. The amount of the balances
is
Hatcaahlnthe Traaaurr
Ifamt
179
London, Saturday, January 26, 1889.
Bank of England on Thursday lowered
this
their rate of discount to 3J^ per cent, the rate in the open
market being at the time 2}:^ per cent. The Bank of France
followed the example, putting down its rate to the same
figure, and the Austro-Hungarian Bank reduced its rate from
4}^ per cent to 4 per cent. It is expected that the Imperial
Bank of Germany will likewise reduce its rate. The action quite understand why the German Government, which was
of the Bank of England is welcomed by bankers and discount 80 threatening a little while ago, should all at once become
bouses, who indeed think that the rate might have been EO reassuring. Then, again, the dividends earliest declared
lowered to 3 per cent. And they have put down the quotation by British railway companies were not quite as good as had
in the open market to about 3 per cent. At the same time been looked for, and over and above aU this there is some
the joint-stock and private banks have reduced the rate they anxiety as to the condition of the Paris Bourse.
allow on deposits to 2 per cent, while the discount houses
But perhaps the chief cause of the present expectant attitude
have reduced their rates to IJ^ per cent for money at call, and of the London Stock Exchange is the state of the American
2 per cent for money at notice. Other cautious observers, market. That market is by far the largest of all these which
however, are disappointed by the reduction of the Bank rate.
They believe that its stock of metal is too small and that it
will be diminished by foreign exports, and they are apprehensive that the Directors have thrown away the chance of
attracting gold from abroad next month, when, in consequence
of the collection of taxes, the Bank of England might have
make up the London Stock Exchange. Practically it may be
said that consols and British railway stocks are so firmly held
by investors that there is but a very small amount of them
floating in the market. International securities, with the
exception of South American, are little dealt in by the British
For the past few years British investors have been
taking advantage of the rise in prices to sell those securities,
and the general body of speculators have too much distrust of
them to take a large risk in any of them. For a long time
re-commenced, and these expotts about equal the imports past, then, British investment and British speculation have
from Australasia.
been turning more and more to American securities. When
The Bank of Bombay has this week raised its rate of dis- they are buoyant, the Stock Exchange generally is in good
count to 11 per cent, and the Bank of Bengal is expected to spirits, and when depressed the Stock Exchange loses heart.
do the same. The pressure in the Indian money market There is always, of course, a certain amount of speculation
is partly due to the activity of trade in the interior, but going on in small groups of securities, like nitrate and gold
chiefly to the large exports of rice from Rangoon, caused by shares but, broadly speaking, the tone of the Stock Exthe disastrous famine in China. It would seem at first sight change is largely determined by the state of the American
probable that such stringency in the Indian money market markets.
For the past two years operators here in the
would lead to a large export of silver, but the shipments are American market have lost heavily, and they do not see any
very small, and the price of silver is only 42»^d, per ounce. prospect of an immediate recovery. Indeed the fall in AtchiThe explanation is that at this time of the year there is son shares and the rumors circulating about the road incline
always a great rise in rates, both in Bombay and Calcutta, people rather to expect fresh disappointments and startling
and though this year the rise is accentuated by the Chinese disclosures.
demand for rice, it is expected that the stringency will not
Although neither investment nor speculation in internalong continue. The Indian banks, therefore, which are the tional securities is large here th6 market for those securities
chief exporters of silver to India, prefer to buy India Council is nevertheless important, because of the conntction of many
bills and telegraphic transfers, which give them possession
of our greatest houses with the Continent, and the effect,
of money more quickly than purchases of silver would do.
therefore, that a crisis anywhere upon the Continent would
Until a few weeks ago the India Council sold a much have on our market. But during the week there has been a
smaller amount of bills and transfers than last year, and good deal of anxiety on the Paris Bourse. To morrow the
though it has quite lately largely increased its sales, it still Paris election is to take place and people are apprehensive of
has realized about Sj^ millions sterling less than at the corre- what may follow the election of General Boulanger. Then,
sponding dite list yea-. If, therefore, the provisions of the again, at the end of next week the monthly settlement on the
public.
secured for five or six weeks |control of the outside market.
Imports of gold from the Continent have entirely ceased.
Exports to South Africa as well as to South America have
;
Budget are
fulfilled,
the Council will have to draw very
Bourse will begin, and, worse than
all,
there has been a heavy
-
1
THE CHRONICLE.
180
[Vol. XLVIII.
Metaux and of the Eio s?ems to be moving too fast is in ship-building. Many cautious
Alarmist rumors, in consequence, have observers fear that the additions being made to our shipping
been circulating that the copper syndicate is in difficulties. tonnage are excessive.
The wheat market continues dull, with a downward tendAnd it seems inevitable that a break-up of the syndicate
would have disastrous consequences, following so soon upon ency. We have have had as yet no snow and little frost, and
the failure of the Panama CanalCompany. It is undoubtedly while the weather continues so mild, an advance in prices
tame that the consumption of copper has been checked by the does not seem probable.
The following shows the imports of cereal produce into the
rise in prices, though those in the best position to judge are
of opinion that the check is much less than is generally sup- United Kingdom during the first twenty -one weeks of the
posed, because old copper has been used to an extraordinary season compared with previous seasons
IMPOBTS.
extent, and, therefore, the increase in stocks misleads as to
1887-8.
1888-9.
1886-7.
1885-6.
consumption. Still there has been some check to consump- Wheat
.owt. 27,101.393 21,041,553 19,968.618 22,199,321
8,(i83,192
10,092.342
9,927,191
6,344.177
tion, and the syndicate has had to buy at liigh prices vt-ry Barley
fall in
the shares of the Societe des
Tinto Company.
:
People, therefore,
Oata
jump
to the
conclusion that it is at the end of its resources. And since
the negotiations for the formation of the so-called English
large quantities of copper.
Indian
Flour
910,878
1,198,145
9,712,004
6.452.814
com
for
Supplies available
trust, which is in reality an international trust, have been
drawn out longer than was expected, rumors have been September 1):
set afloat that the negotiations
have entirely broken down.
On the contrary the English negotiators
This is not true.
are quite confident that the trust will be formed at an early
day, but they insist upon certain modifications of the agreement entered into by the French syndicate with the copper
producing companies.
The companies controlled by English
capital, that is the Spanish, South African and certain Chilian, are willing to make these modifications, but it is not time
yet to hear the decision of the American companies. No
doubt is entertained by the promoters of the trust that the
American companies will agree, since the demands upon them
are reasonable and the security ofifered is much greater than
the security which the syndicate was in a position to offer.
Indeed, it is understood that some of the greatest of the American companies will make no difficulty, though others, not
having had the meaning of the promoters of the trust fully
explained to them, have made some objections. With regard to
the trust, it may be well to add that it is not to be English. The
Paris syndicate and great French houses will remain interested
it, so will American capitalists, and all the copper- producing comp.<inies will be represented.
There will also be a representation of the consumers, the intention being not to create
an unjust monopoly, but to regulate for the future the supply
and demand, with fair consideration of the interests of producers and consumers alike.
7,488.300
1,524.754
1,019.513
9,770,889
7,800.3f6
7,4,'i3.459
Beans.".".'.'.'.
6,614,468
1,021,012
1,046,620
10,071,888
6,529,461
4,647,896
934,823
1,355,096
11,052,962
5,101,170
consumption (exclusive of stocks OD
1888-9.
1887-8.
1886-7.
1885-6.
Imports of wheatcwt. 27,101,393 21,041.553 19,968,618 22,199,321
Importa of flour
6,452,814
7,800,396
6,529,461
5.101.170
Bales of liome-grown. 15,155,803 17,990,533 15,262,546 17,980,435
48,710,010 46,832,482
Total
1838-9.
week. 308.
Aver. price Tteat
Aver, price wheat
2d.
3d.
season. 328.
41,760,625
1887-8.
30s. lid.
309.
48,280,926
1885-6.
1886-7.
363.
329.
Id.
4d.
4d.
9d.
9d.
299.
303.
EuslisU Financial markets— Per Cable.
The daily closing quotations for securities, &c., at Londoa
are reported by cable as follows for the week ending Feb. 8.
London.
Tuet.
Jfon.
Sat.
42I2
4212
42 la
Silver, per oz
429,6
99I16
Consols, new 2%perct«. 99116
9816,8 9816,6
9918
99%
do
for account
993,6
993ic
BVoh rentes (in Paris) fr. 83-50 83-50 83-60 83-72 la
11114
lllig
IIII4
11138
D. S. 4>38of 1891
130ig
ISOifl
131
U.S. 4s of 1907
1305i
Canadian Paciflo
53%
53%
53%
531a
6766 13
Chic. Mil. & St. Paul.... 67%
65^8
3018
SQifl
2979
Erie common stock
29%
11814. II8I4
118
Qllnols Central
117%
5678
Pennsylvania
56%
56 Ss
56%
Phlladelplila & Reading. 25 14
25
24%
24%
11278 II3I4 112%
11279
New York Central
d.
421a
421a
98i5ie 9813i8
ggie
99
83-62ia 83-65
HIJ4 11138
13II4
131
5379
53%
6578
66
2979
29%
11779
117%
57
5678
24%
25
1121a
11258
in
The speculation in South African srold shares goes on merrily.
Within a very short time eighty companies located in a
single district
of the Transval, Witwatersaand, have been
introduced upon this market. Some of them are Transvaal
many without an agency in this country, and
others are English companies. Their aggregate capital is
about seven millions sterling, and new companies are coming
companies,
out in numbers every week. According to Ihe Statist,
at
the present market quotations the aggregate capitals of
the
eighty companies are worth abiut £37,000,000. That is to
say,
if
all
the companies were amalgamated the
shares
would stand at a premium, according to the present quotations, of nearly 300 per cent.
Of course, the premium differs
with the different companies. In some it is smaller, in others
it is nearly 600 per cent.
The following return shows the position of the Bank of
England, the Bank rate of discount, the price of consols,
&c.
compared with the last three years
^'Ommjevcial and IKiscellaueous %zxaB
—
National Banks. The following national banks have
recently been organized :
3,967—The Cltizen.%' National Bank of Franklin, Ind, Capital, $50,000.
Thoma9 W. Woollen, President Johu W. Ka^sdale. Cashier.
3,968—The Iowa State National Bank of Sioux City Iowa. Capital,
$100,000. D. T. Oilman, President: R. «. Van Keuren, Casliier.
3,969— Tlie First National Bank of Carroll, Iowa. Capital, $50,000.
;
O. A. Kentiier. President E. G. Smith. Casliier.
First National Bank of La Crosse, Kansas. Capital, $50, B. F. CougUeaour, President; Johu M. Stauffer, Cashier.
3,971—The First National Bank of Ironwood, MichiRan. Capital, $50,000.
President; Edward D. Nelson, Cashier.
3,972- The First National Bank of Independence, Oregon. Capital,
$50,000. J. S. Cooper, President; W. H. Ilawley, Cashier.
3,973— The First Natiounl Bank of Clarksvllle, Texas. Capital, $50,000. A. P. Dick, President; J. T. McDonald, Cashier.
3,974—The First National Bank of Fort Madison, Iowa. Capital, $100,.
000. Joseph B. Morrison, President; W. H. Miller, Cashier.
;
3,970—The
000.
,
GtoVEBNMENT REVENUE AND EXPENDITURES.
inter'l Miac'ls
Bm'ue
toms.
QoTerament
£
£
23,48ti.4'lB
23,706.320
8,702,937
27,020.875
15,351,348
13,081.805
19,303,657
18,778,622
20,644.913
;3,992.102
21,-^S8,292
p. o.
'
45M
S« p.
Consols
Olearlng-Honse return
y
lOOJi
0.
14,069,293
21 .337,768
45J<
8 P.O.
10« 11-16
183,017,000' 102,220,000
12.873.789
21,868,438
100«
91,703,000
2,154
81.205
18,215
9,768
2,022
23,574
11,212
10,442
2,832
2,867
2,619
10,467
2,627
9,831
3.506
10,702
9,400
3,498
3,096
^.872
2,453
12,361
8.25S
34,403^
»r
15.285
10,393
2,912
December
16.910
20,533
10,425
2,795
10,798
2,747
28,590
80,160
84.078
20,799
18,709
15,742
14,982
18,277
Total 7 months.. 181,995
74,424
18,338 224.757
130,298
lotai.
I
30,818
87,653
33,880
81,803
29.129
2b,182
30.773
"27.045 2a:).215
DI8BUB8EMENTS (OOOS omitted).
90 15-10
1888.
86,720,030
Ordinary.
18S7.
Prem- Tola 1.
sions. terat.
~»~
'unw.
»
Ordinary.
July...
Aug....
Sept ...
12,651
14.554
»
8,779
10,980
10.964
9.474
439
1.303
891
2,690
5,079
Oct
17,174
13,261
4,211
6,707
21,486
617
4,618
1,032
86,3 96
78 2,149
612
15,2 80
10,189
651
26,5
12,210
Not
Deo....
going on steadily, and is all the sounder
for Jan
this absence of speculation.
The only direction in which it
7mos.
is
9,553
10,632
10,262
3 P.O.
At the half-yeirly meetings of the shareholders of
joint
stock banks now being held aU over the
country, the chairmen all speak hopefully of the condition and pro3peot3
of
trade.
The railway trafflo returns conSrm the
testimony
thus borne, as do likewise market report i and
circulars.
But
there is extremely little speculation in
commodities. The
improvement
Misc'U
~r~ '~r~ ~i~ ~»~
18.933
47
6 P.O.
Rev'M So arc's
18.787
October
18.631,678
20,830,109
toms,
Ibtal.
rnt«r'i
34.623
31,698
15,010.615
19.985.149
rate
t
4.25S,9fl2
23,510,610
14,561,197
lecurltiea
4,721,806
25,936,192
Sourc'8
Ous-
19.498
21,969
23.986,760
4,909.471
25.411,540
,
~»~
1888.
£
23.446.190
other seonrltlea
Reserve of notes and ooln
Coin and bullion
Prop, assets to liabilities
Bank
1887
£
Olionlatlon
Fabllc deposit!
Other depoBits
Ui88.
the
1837.
1888.
Cus-
:
18f9.
—Through
courtesy of the Secretary of the Treasury, we are enabled
to place before our readers to-day the details of Government
receipts and disbursements for the month of January.
From previous returns we obtain the figures for previous
months, and in that manner complete the statement since the
beginning of the fiscal year for 1838-89 and 1887-88.
RECEIPTS (OOOs omitted).
12,486
15,433
92,949
2,186
8,285
153
t
Pensions.
t
InPrem- TbfdJ.
tiTMt 'unw-
$
»
11,448
14,793
71S
10,5,JO
11,594
2,910
2.5ie
32,6 10
11.351
9,572
1,121
7,23-
18,163
6U
t
85,137
464
1,764
26.388
18.790
621
20,.S33
8,93:
22.1 96
t
14,766
10,428
39,1 12
sa ,874 29,572 lii,253 188.648!
80.1 00
1
S 28,254
12,770
20
820 8,S3
49,2 36 31.,SU
21,867
2,«5-/
163,549
%
.
. .
February
:
BoM)S Held by National Banks.— The foUowinpr interesting 8l)it«ment, fumishoil by the Comptroller of the Currency,
howH the amount of each class of bonds held against natiotial
bank circulation and to secure public moneys in national bank
gave the statement for .Jan. 1
depositaries on Feb. 1.
in Chronici.r of Januiry 5. page 28, and by referring to
that the changes made during the month can be seen.
We
181
The following la a Btatoiftent of the exports C^xclusive of
from the port of New York to foreign ports for the
week ending Feb, 5, 1889, and from January 1, to date:
BXPORTS rBOM KKW TOBK.
specie)
1886.
Bondt Held
Feb. 1. 1889, to Steicre—
Bank
in Ban/a.
8»,
Public Depontt
OireulatUm.
Total HeUt.
1,253,000
11,361,500
32.304,500
99,915,100
$100,000
5,179,000
70,511,830
132,219,600
$48,019,000
$139,991,150
Total 5 weekr
4H per oftutfl....
4 peroenta
$3,926,000
.56,150.350
1889.
$3,536,386
23,690,238
$6,086,608
23,619,«78
$6,858,241
27,977,465
$29,018,808
.
$27,186,624
$29,706,286
$34.835.70e
shows the exports and imports of apecia
at the port of New York for the week ending Feb. 8, and
since January 1, 1889, and for the corresponding periods in
1888 and 1887.
The following
$208,010,450
$100,000
Act July 12, 1882....
1883,
1887.
$5,764,292
23,264,516
For the week....
Prev. reimrted..
r. 8.
Deteription of Sondt.
.
THE CHRONICLK
1889. J
0,
.
.
1
table
KXFORT8 AND IHPOBTS OF SPECIE AT NEW TOBK.
Exporlt,
Total
Week.
Chanoes
Leoal Tenders and National Bank Notes to
in
—
Feb. 1, The Comptroller
us the following:
the Currency has furnished
of
Oreat Britain...
France
Amoiuit outstanding February
1,
$233,473,883
$100,360
4,786,288
1889*...
4,383,928
10*00
West Indies
Uexioo
South America
All
,
other countries. .
Total 1889
Total 1888
Total 1887
$229,089,957
Legal Tender yotei—
deposit to redeem national bank
notes .laiMiary 1, 1880
Amount deposited during January
Amount reissued & b'nk notes retir'd
In
Jan
.
51)8,442
.
$85,509,641
Ingolv't bks,
1,035,803
6,737,393
1,099.076
0.552,061
1.068,676
6,480,879
Feb:
1.
1.039,251
6,561,955
1.
1,009.176
6,674,894
80.271,846 79,178.785 79,220,472 79,502,091 77,825.574
Total
•
Jan.
Dec. 1.
1.
5',453
$993,125'
969,685'
383,061
$i9,3oo:
.
47,180
$7,746
7,825
110,039
i
$509,390
270,754
3,217,039
Imperil.
Silver.
Oreat Britain.
France
According to the above, the amount of legal tenders on
deposit February 1 with the Treasurer of the United States to
redeem national bank notes was $85,509,644. The portion of
this deposit made (1) by banks becoming insolvent, (2) by
banks going into voluntary liquidation, and (3) by banks reducing or retiring their circulation, was as follows on the first
of each of the last five months
Llqnld'K bks.
Bed'c'g undr
act of '74.
266,500
183,350
65,730
9,457
13,743
30,610
2,293
tlinceJan.l.
Week.
Situse
Jan.!
1,593,653
Ciroulatlon of national sold banks, not Included above, $179,072.
Nov.
39,836
3,000
410,509
19,100
2,000
5,000
2,300
Week.
deposit to redeem national bank
notes February 1.1889
1.
Since Jan.l.
9
Exports.
$87,103,297
$3,187,120
4,780,773
Amount on
Oct.
Week.
$501,739
20,950
$.
Amount on
Depotits by-
Since Jan.l.
Sermany
Natiotittl Bank Notett—
Amount oiitstaiidlnK January 1, 1889.
Amount Issued durini; January
Amount retired during January
.
Iniporli,
Gold.
88.045.042 86,829.922 86,770,027'87,103,297 85.509.644
Act of June 20, 1874, and July 12, 1882.
CoiNAOE BY United States Mints.— The following statement, kindly furnished us by the Director of the Mint, shows
the coinage at the Mints of the United States during the month
of January, 1889.
$352,750 .$1,688,882
29,900
3,000
Qermany
3,901
lill
other countries.
Total 1889..
Total 1888.
Total 1887..
21,004
1,430
769
West Indies
Mexico
South America
88
63,888
*1.56«
14.277
43,828
$378,734 $1,787,340
1,273,9961
216,368
678,635'
73,690
7,190
15,622
4,719
103,748
$133,273
140,078
192,714
Of the above imports for the week in 1889 $3,115 wera
American gold coin and $435 American silver coin. Of the
exports during; the same time $19,300j were American gold
coin and $3,400 were American silver coin.
—
The statement of the Lombard lavestment Companyshows a prosperous and increasing busiuess for the past six
months. Besides paying a 5 per cent dividend, the compiny
made 5 psr cnt additional clear of all expanses. The
surplus and recapital fully paid, amounts to $1,250,000
serve, $500,000. The company reports having sold through
its New York offloe $1,375,000 of its guaranteed 6 per cent
mortgages since August 1, 1S88.
has
;
—
The card of the Fidelity & Casualty Company in the
Chronicle shows that they now have assets of $774,550,
witb a surplus of $52.089 the total losses paid to date
have been $1,412,346. The cash capital is $250,000, Mr. Wm.
M. Richards is President, Mr. George F. Seward, Vice-President, and Mr. Robert J, HiUas, Secretary.
Readers of the Chronicle are invited to notice the card
of the Third National Bank of Columbus, Ga., which will ba
Mr. G. Gunby Jordan is President
found on the last page.
and Mr. J. W. Murphy, cashier, and the bank has correspondents throu°;hout the Union, a liberal and growing list of
"par points."
The Bankers' Almanac for 1889 has just been issued by
the Homans Publishing Co., 251 Broadway. This is the thirtyninth year of this standard publication, which is a highly
valued book of reference in tbe banking community.
—Referring to our notice of the American Car and Equipment Company last week, we should have said " This company starts with a cash capital of $25,000, and we learn with
strong backing in this city and in Philadelphia."
Attention is called to the cird of Messrs. H. I. Nicholas <Sb
Co. in to-day 8 Chronicle. This firm is well known in Wall
Street, and is composed of gentlemen of experience in the
Btock and bond markets.
;
January.
Denomination.
Value.
Piece*.
Double eaglea..
81,000
58,000
Three dollars...
Snarter eagles
1.620,000
17,6b6
Eagles
H«lf eaglea
44,000
530,1.00
ollars
Total gold
156,600
2,244,000
3,100,000
3,100,000
3,100,000
3,100,000
1,454,000
Standard dollars.
Half dollars
Quarter dollars...
72,700
Dimes
Total silver..
Five cents..
Three oent«.
One cent
4,760,6o6
47,006
Total minor
6.214,000
120,300
Ttoalcolnage
9,470,600
5,464,300
Imports and Exports for the Week,—The imports of last
week, compared with those of the preceding week, show an
increase in both dry goods and general merchanaise.
The total imports were $12,198,072, against |7,570,152 the
preceding week and |9,161,.565 two weeks previous.
The exports for the week ended Feb, 5 amounted to 16,858,241,
agamst $7,363,116 last week and $6,618,725 two weeks previous. The following are the imports at New York for the
week ending (for dry goods) Jan. 31 and for the week ending
(for general
ning of the
merchandise) Feb.
first
week
in
1;
January
also totals since the begin:
rOREION IMPORTS AT
For Week.
1886.
NEW TORK.
1887.
2.713.909
Gten'l mer'dlae.
Total
Since Jan.
5,740,500
$3,320,601'
1888.
1889.
5,.5g5,490j
$3,137,005;
5,922,351
$8,134,469
$8,906,091
Qen'lmer'dise.
$12,124,073
27,349,764
$14,480,305
$15,530,747
27,3t>l,(j6J
30,7.50.101
Total 5 weeks.
$39,473,837
$41,811,368
$3,H36,'>48
8,361.224
$9,059,556: $12,19i,072
1.
Dry Goods
—
:
—
Auction Sales.— The following were sold
auction by Messrs. Adrian H. Muller & Son
$15,984,160
34,072,384
$46,280,3481 $50,056,544
recently
at
:
Sharet.
Shares.
158
35
10
300
20
313
100
119
2 Cin. Ham. &D. RR.,oom. 82
220i«
10 Nat. Park Bank
Bonds.
$42,500 N. Y. & Rockaway
106»«
RB. Co. 1st :a, 1901
$4,500 Smlthtown <t P't Jelt
BR. Co. I8t7s. 1901
Ill
$2,520 L. I. Imp. 'o.'s certlf.$500
$3,000 Goshen <fe Decknrtown
KB. 2d 78, Nov., 1889. ...100%
$1,000 New York City 3<iiB,
lOligJIilnt
1890
$500 Dry D'k E. B'way * Bat.
RK. 1st 7s, 189:{. 109 >4 & int^
$6,000 Third Ave. RR. Co. 78.
1890
102>s-10-25s*int.
$3,000 Cent. RR. & Uauk. of
(ieotgia lst78, 189J
IO914
$500 N. Y. Atliletii! Club 8s.
105
Improvement, 1900
$3,500 Dayton & Soutlieaat'n
64>«
BB. 78, 1896
Pennsylvania Coal Co.. .307%
N.Y. Equitable Ua8-L.Co.ll4
Lawyers' Title Ins Co... .117
Home
Ins.Co..N.Y.140'4-141
I7414
Kens & 8ar. RR. Co
Broad w'y Nat. Bk 298 "4-302
lOS^
Fraiinliu Trust Co
East River Nat. Uank....l6s
173»4
lOOP.iCltlcBai.k
1
5 Empi e Steam Laund. Co. 32
130
70 Nmth Nat. Bank
23 Kiugs. Co. Fire lus. Co.. 175
60 Oernmnla Fire Ins. Co. ..160
lO'i Hamilton Fire Im. Co... 94'a
20 WilliarusUurgh City Fire
296
Insurance Co
1
I
Dry Goods
—
20 PUeuix luH. CO. otBkMyn.llO
130
25 Hanover Ins. Co
4 First Nutluual B.tnk of
262
Red Bank. N.J
30 Second Nat. nankof N.Y.350
134%
102 Pbcnix Nat. Bank
50 Barney Dump'g Boat Co. 23>9
I
:
:
THE CHRONICLE.
182
The
folio-wing dlvldendB
Same
have recently heen announcea
Per
of Ocmpony.
Cent.
Railroads.
X)>
Marquette
Bank
of
Feb.
1%
March 1 Feb. 10
l^a
3
Feb.
Feb.
Feb.
15 Feb. 9
15 Feb. 9
15 Feb. 10
to
to
to
to
to
to
3>S
Feb.
11 Feb.
to Feb. 10
4
& Mem.........
prcf
Do
Hough. & Ont. prel....
Bank.
Ft. 8.
March 1 Feb. 10
1
Feb.
11 Feb.
to Feb.
4
the Manhattan Co....
Insurance.
City Fire
4
11
Feb.
I'Feb.
April
1=(4
Feb.
minccllaneous.
PennsylTaEia Natural Gas
(quar.)
TJnitert State.s KoUinK Stock
Whitebreaet FueKquar.)
I
Feb. 14
Mar.
1
Feb. 14
Feb. 14
Feb. 15
10
follows
!
4X Per
lllFeb.
J227.000
236,000
Tuesday....
2.879,000
Wednesday.
601,400
411,000
1U9,000
436,000
. .
WAI.L. BTKBET, FKIDAY, February 8, 18S9-5 P. 01.
The Money Market and Financial Sitnation.— The charthis week has borne
acter of business at the Stock Exchange
the semblance of an old-time buoyancy than anything we
more
Monday
have had for a year or more
SinceAp.23.
Thursday..
Friday
ToUl.
A
.
.
The
.
OSeringa. Purch'ea.
211,000
Pricu paid.
4800
500
109
109
109
109
109
?217,00C
SatnrdST
notable feature of the activity has been the increasing
movement in low-priced securities, both stocks and bonds.
situation
This indicates a greater confidence in the railroad
and a belief that the low-priced securities will pull up and be
Whether or not the
•worth more than their present prices.
present buoyancy will go on increasing and lead into a niore
decided speculative boom it is not possible to say, but certainly
and
the element of sanguine confidence seems to be present,
general specthis must always form the basis for any large and
ulative activity.
,
,
,
The unfavorable side of the situation has been represented
in the Iowa railroad cases and by
by Judge Brewer's decision
a less favorable outlook for coal and iron interests than we
had in 1883. But the gross earnings on railroads in all parts
of the country are showing remarkably well, and the increase
the
for January over the same month in 1888 has been one of
strong bull points at the Stock Exchange.
At the present time our two great staples, cotton and corn,
are kings in the transportation movement, and the large crop
of cotton at the South and corn in the "West is showing in
4 Per Cent* due 1907.
Cent! due 1891.
Oferinas. Pttrch'es. Prices paid.
to Mar. 31
to Feb. 11
past.
95^895%
9518*9514
United States Bonds.— Government bonds have been exceedingly dull at the Stock Exchange, and the only change in
the market is a slisht advance in the 43. The Secretary of
the Treasury paid 109i for a large amount of 4^3 today, and for the week his takings foot up the large
amount of $4,491,000. The statement for this week is as
On dem
^ifl
Hew York Fire
8
4038l»401j8
40s,ea'40'4
Amsterdam (guilders)
Frankfort or Bremen (relchmarks)
Books Closed,
(Days inclusive.)
15 Feb.
rates of leading bankers are as follows
,
2
Chicago &Altoii. com. &pf. (qnar.)
Chicago & Wf sr, Michifrau
Cleveland & rilts., guar, (tiuar.)-.
Kansas City
When
Payable*
XLVin.
[Vol.
Demand,
Sixty Days.
February S.
4 89
Prime bankers' sterling bills on London.. 4 86i2®4 87
4 S4%S'4 85
Prime commercial
4 8412 »4 84%'
Documentary commercial.--...--..-5 2058*6 20
5 ISig'SS 17i«
Paris (francs)
DIVIDENDS!
The
:
.
7,500
10,850
3,180,000, 3,178,600
109
-1C9H
BOD
800
435,00Oj 4,'191,e00
63,827.050
109
-109)^
20,350
..
280,000
closing prices at the N. Y.
Interest
Periods
Feb.
2.
Board have been
Feb.
Ftb.
4.
5.
68,
price
l)ld
at tlie uiorului board:
as follows t
Feb.
Feb.
Feb.
6.
7.
8.
'1^778
107%
reg. Q.-Mar. 107''g'*l07'?3'*10778 *107'8
4iaB,1891
109 1*109 1*109
coup. a. -Mar. 109
4>sa. 1891
127'a:".27ia*ia7i2*129
reg. Q.-Jan.
48, 1907
coup. Q.-Jan, *:27's "12713*12713 I2SI3
48, 1907
120
•120
120
reg. J. & J- 120
68, our'cy,'95
•122
122
122 *122
6s, cur'cy,'96..-.reg. J. A J
*125
'125
125 *125
63, cur'cy,'97.--.reg. J. & J.
'1-28
1'28
*128
'128
68, 0ttr'cy,'98.--.reg. J. & J
'131
131
eur'cy.'99..-.reg.lJ. & J- 131 !*ioi
* Tills is tlie
18470-130
Sl.396,650
10B^i-109X
I
*109 ,*109
128%' 128%
*128>4 *1231fl;
•120 1*120
122 *123
•125 *125
*123 1*12?
*131
•131
no sale was made.
State bond mirket doe»
State,
not change; there is still very little business and no 'feature.
Kailroad bonds continue to be in great demand, and the
market has been very active all the week. The feature has.
been that the low-priced bonds furnished the bulk of the
business, and have nearly all advanced more or le.s.<i, while the
and Railroad Bonds.— The
higher-priced classes have not been active, probably because
very
there are few of them on the market, for they remain
The market has again been verybuoyant, and
firm in price.
number.
those bonds which do not advance are very few in
There have been a few reactions, the most conspicuous oneswhich
bein" Reading incomes, some speculative holdings of
Aside
were°sold out; M. K. & T. 5s and 6s were also weak.
from these, the strength of the market has been so general
future.
One bond after another
that none call for special comment.
The open market rates for call loans during the week on has been turned sharply upwards on a sudden demand springhave ranged from 3 to 3 per cent,
itock and bond collaterals
<r
and the Chesapeake & Ohio and Richmond & AlleTo-day the rates were in up
•with 5 per cent an exceptional rate.
ghany 'issues, Atlantic & Pacific 4s, Louisville N. A. & Chicago
2@2^ per cent. Prime commercial paper is quoted at 4@4i consols, and numerous other bonds, have shared in the
the railroad tonnage.
The abundance of money is talked of here and in London,
and althcugh our silver currency causes investors to seek for
gold bonds in their purchases, there is little attention paid to
the depreciation of the silver dollar, and there seems to be no
apprehension with the public that our money market will be
disturbed by silver or other difficulties at any time in the near
per cent.
The Bank of England weekly statement on Thursday showed
a gaih in specie of £345,000, and the percentage of reserve
to liabilities was 47^2G, against 46-28 last week; the discount
rate remains unchanged at 3 per cent. The Bank of France
activity.
Railroad and Miscellaneons Stocks.— There has been a
very active and in some respects buoyant market at the Stock
Exchange this week. Tne market is undoubtedly broadening,
gained 4,335,000 francs in gold and lost 1,325,000 francs in and there is more general interest in speculation than has been
Bilver.
witnessed for a long time past. This increased attention to the
The New York Clearing House banks in their statement of stock market has taken a new form, as the demand is confined
February 2 showed a decrease in surplus reserve of $1,121,625, ( almost exclusively to a number of specialties, that is, stock*
the total surplus being $18,893,175, against $20,014,800 the which are usually not active, but have come into prominence
previous week.
In fact, one of the chief features this week has been
lately.
The following table shows the changes from the previou the large number of different classes dealt in, many of these
week and a comparison with the two preceding years in the "fancies" of the low-priced sort being very active at times.
averages of the New York Clearing House banks
The tendency of prices has been almost steadily upward, and
nearly everything on the list has gone higher than previously
The grangers
1RB8.
IR87.
ispn.
TUffr'ne's fr'm
this year, except the grangers and coal stocks.
Feb. 4.
Feb. 5.
Prev. Week.
Feb. 2.
have been influenced by the important deei-ion of Judge
Brewer, setting aside the injunction restraining the enforcement
which
60,762.700
Capital
of the Iowa R-iilroad Corauiissiouers' schedule of ratts,
52.402.600
Surplus
had a bad effect at first on the whole market; but under the
IiOftDB and dlBc'ts. 399.910.000 fno .7,088,100 362.880.700 3)>9. 18.5.000
89,205,600 laa. 655,400 84,423,900 93,420,40:. buoyant tone the rest of the list soon cut loose from the
Specie
7,720,100
7.614,700
21,3U0
4.709,700 Dec.
131,142.100 Inc.6,817,300 384.f63,700|38S.(H4.600
72.700 34,336,800 24,210,000
37,473,100 Dec.
107,783.r,25 Ino .1,704,325 96,215, n23l 97,158.650
!26,678.700 Inc. 582,700 118,810,700 117,630,400
circulation
Met deposits
Legal tenders
IiSgal reserve
Beaerve held
Bnrplgg reserve.
—
18,893,176 Doo.1,121,625
22.594,7751 20,471,750
Exchange. The sterling exchange market continues dull,
not even the decline in rates having any appreciable effect in
Commercial bills have been offered
stimulating the demand.
rather more freely than of late, and there is also some increase
in securiiy bills, owing to foreign purchases of our stocks.
Under these influences the market has been rather weak, especially for long, the posted rate for which was reduced by some
drawers ^c. to 4 tcj, while short remains the same, 4 89.
grangers.
the stocks most conspicuous for strength and activ& Indianapolis under rumors ot a consolidation or other close alliance
with the Cincinnati Indianapolis St. Louis & Chicago (Big
Four) which also advanced. In the latter part of the week
the Northern Pacifies and Oregonshave come into prominence,
and other leading stocks have been New England, Atchison,
the Lake Erie & Westerns, Ontario & Western, Milwaukee
Among
ity this
week was Cleveland Columbus Cincinnati
Lake Shore & Western common and preferred. Richmond
Terminal, Pullman Palace Car, Denver Texus & Fort Worth,
Chesapeake & Ohio and a few others of less note. The two
prominent trust stocks— Cotton Seed Oil and Chicigo Gashave been very strong and active.
.
Fbbruabt
.
1
THE CHRONICLE.
0, 1889.1
810CKS-PKICE3 AT
183
STOCK EXCHANGE FOB WEEK ENDING FEB,
N.Y.
8,
AND SINCE
HIGHEST AMD LOWEST FBI0E8.
BalM
JAN.
1.
1889.
Range SInoe Jan.
1,
1880.
Of the
STOCKS.
Monday,
Batorrtar.
Feb.
Feb. 2.
Active Kit. Stocks.
AWiisonTop. ASiiiitivFe
AUanili^
52%
OMitulH, Hiiiuiinm
lit
98
Piicllio
18>4
•ISij
no's
43
UUiioU
Do
3e>4
20 >3 20
.t O., reori?. cert.
1)0 Ist nrcf. rcortf. cert
Do 2il I'liof. reorK. cert.
OhlcaKi) BurliiiKKin * Qulnoy,
ii KiiDt.
98%
S6>4
Now Jersey
ChesaponkP
CUiloaKo
32 14
8
*52>< 52 4t
53>9 5t>4
UAna^tliiii Pacltlo
Central
Central
5339
.t riK'ttio
ge's
prof
65%
Chicago Ullwaukoe iSi St. PatU.
Do
OUoago & Nortli western
pref.
Do
OUcaKO Bock Island A Pacille.
CUoago St. Louis APlltsburK.
nref.
Do
01ilcaKoSt.FaulMln. AOm...
pret.
Do
•'>8
18>4
l(!"j
17»4
381s
37
33 14 33 ij
54
»7is
'331a
2014
18
19
Lako£rioA Western
Do
17r'8
105
42
"57
97I3
pref
A St. Louis
Do
prof
Missouri Kansas A Texas
Klnneapolls
Missouri
Pdf.illo
MoblleA Ohio
.
Ist pref.
2diiref..
Kew York Lake Erie A West'n
Do
pref.
Kew York A New England
Kew York Ontario A West ...
Kew York Su8fi> A Western...
_
_
18
18%
39
33
40
Do
341a
*17ia
53 13
pref
Do
A
9SI4
I714
44
91a
69
614
prof
Mississippi
92
59
•40
42
07
97%
I3I4
74
92
45
94
89%
*60
9713
*0
59%
94%
9078
9
85ifl
914
34 '8
18
5316
9
23
23
23
3II4
31%
2478
491a
25
25
24%
'
",
**»™''
'
150
133
.,
II214
112,125
8%
831
0379
1,000
35.900
7,705
98
'35% 36
725
21% 21%
18% 18%
19% 1913
107% 105% 107
43% 43% 44%
21%
19%
20
143
13,61)0
3,228
1,9 >3
27,390
6.180
12,620
90.120
9.301
49,423
93%
17 14
53%
Ola
•28%
17%
3014
17% 18 14
54% 55 14
541a
39%
9310
591a
94
59% 60 14
•38
45
94% 94%
89% 90%
97%
•6%
93
90
63
70
98 14
13
43
95%
90%
6979
93
90 14
69
9313
95
90%
•6%
09
101
7%
6%
7
13
13%
7
13% 13%
72% 73
•9
72%
7378
•9
10
10
9
9%
9I4
33% 34 14
•17
521-1
18
52 I4
26
9%
9%
18
52%
26%
61%
22%
32%
24%
48%
25%
34%
17%
52%
26%
61%
26%
61%
60% 61 14
22% 22%
31% 32 14
24% 24
48 14 48%
2514 25%
80% 81
33
23
33>4
24%
33
23
10
26 14
102
•93
103
•93
95
101
21% 2178
63% 64 14
•13
14
26
67
26 '4
32%
82%
133%
70%
•93
95
1,260
J, 7 60
2,797
2,930
1,600
1,913
500
9,132
23,115
37,775
3,253
12,980
585
2,240
22,239
6%
300
900
13
1.825
30,660
600
10
24,300
1,083
8.015
1,388
3,240
26.040
4,:-i40
94,725
29,280
2,2.50
4,06.5
400
2,100
10.8!>5
55,470
6,793
82,255
3,305
108,090
89,875
9,695
975
102
23% 25%
65% 63%
111%111»H 110% 111% 110% 111% 111% 111%
*39
39% '39
39% 39% 40
40
40
6378
350
697
7,090
85% 88
110
109% 109%
19% 19
19
77
75% 75%
44% 44
44%
29% 2878 29 19
68% 68% 68%
48% 47% 48%
19% 18% 187,
914
9%
9%
3478
34% 35
17% "17
18
53
51% 52%
2714
27%
27
62% 61% 62%
2378
23% 23%
33% 32% 33%
25% 25% 26%
4914
48% 49%
20% 26% 27%
83
81
82%
48%
26%
81
81% 81%
102 14 101 101
101% 102
•25% 26% 20
26
26
64% 647a 65% 63% 66
4878
1,920
10,220
73,972
8,930
82,360
640
69
101
12% 12%
7278 73%
73% 74
9% 9%
85% 83%
34%
261s
13
12% 13
3378
•17
95
89% 90%
6978
98% 102% 101% 103
7%
13
95%
93%
91% 93
101% 102% 102% 106
70
73
72% 74 14
27% 28 14 27
27%
141%142i4 141% 142%
1'
10% 17% 17
44% 44% •43% 44%
9% 9%
9% 9%
69% 69% 69% 70
23% 2314 22% 23%
92 '2 02% 91 14 92
6% 7
7% 7%
1151a 113% 112% 114
29
30%
18% 19
18% 18%
56
58% 567, 5778
101% 104% 10379 104%
•96 100
95% 96
60% 601a 59% 60%
41% 41% 43
43
93
1,303
9,330
370
500
95
103% 10478 104 104% 103% 101% 2",730
21% 22% 22% 22 la 21% 2219 15,410
*
63% 6414 61 14 61% 64
64% 29,813
1378 14
14
14% 14% 14 14 3.075
26% 27%
67
67%
33% 34
821a 82%
32 14
67%
27%
2778
67
67%
27% 27%
6678 67%
6.740
8,102
35
35% 30%
83% 82% 83
82%
13514136% 136% 136% 136% 137
71
72% 70% 72
707a 707e
106 100 1« 103 110
106 100%
93% 9t7g 94% 95
95% 97% 96
97%
38
37% 38
39% 39% 40
3778 39
'77% 78 1« •77% 78% 77
77
76
76%
195% 1961a 196% 197
196% 203
300% 202 %|
86% 86% 86% 86% 86% 85% 83% 86%|
153
152 155
1S2 155
132% 152%' 153 153
llii
113 114
114 115
112% 113%! 112%112%|
8"
80
82
SO
80
78% 80
.7!)% 79%
143%' 142% 142% 143% 143% 141% 141%! 141 144
821?
13018
701s
34
1
1
Hlgheet.
4779 Jan.
58 Jan.
7% Jan.
8% Jan.
51 Jan.
53% Feb.
.5.5
50% Jan.
Feb.
100 Jan.
94% Jan.
35% Jan.
3(i% Jan.
17% Jan.
21% Feb.
14% Jan.
19% Feb.
13% Jan.
20% Feb.
106 % Feb.
111% Jan.
42% Jan.
44% Feb.
100 Fob.
94% Jan.
61% Jan.
66% Feb.
100% Jan.
106 Jan.
109% Jan.
1 06% Jan.
142 Jan.
140% Jan.
10078 Jan.
96% Jan.
14 Jan.
19% Feb.
33 Jan.
42% Feb.
30% Jan.
34% Jan.
8979 Jan.
96% Feb.
106 Fob.
91% Jan.
55% Jan.
74% Feb.
24% Jan.
28% Feb.
139% Jan.
144% Jan.
Jan.
16%
17% Jan.
43 Jan.
42% Jan.
8% Jan.
9% Jan.
70 Feb.
63 Jan.
31% Jan.
23% Feb.
88 Jan.
95 Feb.
7% Feb.
4% Jan.
11634 J.io.
1 13
Jan.
37 Jan.
30% Feb.
19 Feb.
16 Jan.
51% Jan.
58% Feb.
10178 Jan. 21 106 Jan.
i)6
Feb.
90% Jan.
60% Feb.
50% Jan.
43 Feb.
37% Jan.
90 Jan.
93% Jan.
9078 Feb.
84% Jan.
6979 Feb.
51% Jan.
103 Feb.
91% Jan.
7 Feb.
5% Jan.
13 Feb.
11% Jiin.
14 Jan.
12% Feb.
75% Jan.
70% Jan.
10 Feb.
8 Jan.
8178 Jan.
88 Feb.
110% Feb.
Jan.
107%
17 14 Jan.
19% Feb.
77 Feb.
67% Jan.
44% Feb.
37 Jan.
29% Feb.
26% Jan.
68% Feb.
61 Jan.
48% Feb.
43% Jan.
19% Feb.
14% Jan.
9% Feb.
8% Jan.
35 Feb.
32% Jan.
18 Feb.
16 Jan.
53% Feb.
49% Jan.
27% Feb.
35 Jan.
62% Feb.
59 Jan.
2379 Feb.
21 Jan.
33% Feb.
30% Jan.
26% Fel>.
22 Jan.
50 Jan.
47% Jan.
27% Feb.
22% Jan.
76 Jan.
82% Feb.
93 Jan.
103% Jan.
26% Jan.
23 Jan.
6678 J:ui.
61 Jan.
114% Jan.
.10% Jan.
40% Jan.
39% Jan.
9479 Jan.
93% Jan.
105 Feb.
98% Jan.
23 Jan.
19% Jan.
6214 Jan.
65% Jan.
14% Feb.
12% Jan.
2778 Feb.
24 Jan.
6778 Feb.
Jan.
59%
,
2
14
8
4
4
16
5
8
6
15
8
8
1
14
15
21
14
6
6
14
1
8
8
7
2
14
10
11
8
8
1
8
15
2
7
7
15
7
7
8
14
4
6
7
7
5
14
14
8
8
2
4
2
1
8
8
15
8
8
31
15
2
12
14
18
1
14
7
2
7
4
8 36% Feb. 8
21 83 Jan. 16
130% Jan. 9 138% Jan. 30
Jan. 25| 72% Jan. 16
7,4701 63
860 103 Jan. 11 107% Jan. 30
15,725 92 Jan. 21 97% Fob. 8
21,090 35 % Jan. 30 40 Feb. 7
900 76 Feb. 8! 81% Jan. 8
13,630 172 Jan. 3 203 Fob. 7
56,3a7| 83 Jan. 21 86% Feb. 4
29
8,960
3,350
6,650
Jan.
80% Jan.
143 144% Jan. 2 153
631 109 Jan. 10 116
73% Jan. 4 82
536 134 Jan. 10 144
1,103
Feb.
Feb.
Feb.
Feb.
4,
4
4
3
'
A
Tel.
Cable Co.
Clilca^'o Oils TriL^t
86
86
86
•38
36% 36%
•%
Cnnolnnatl Wash. A Baltiulim
prof.
«rande West.!,
MorrisA Essex
86
88
37
37% 37%
7^1
•%
%
%
2
.,-j xo
14% 15%l 15% 16 %
20
20%
147
i
—
'
I
847^
%
85%
8579
%
*1%
10% 17
20%
17
20
20
148%
i
235
Oresron Short Line
44% 44% 44
44%
*^"J"" *Chii
>150 151^' 130 130
al^^i^KlQuicksilver Mining Co
6% 6U •6
61a
Do.
*33% 37% 35% 37%
i)ref.
Klch. A AUczh'r. Drc-xeiVeo!i
'l!)
10
15% 15%
8t. Louis Alt. A Torre
Uaute
46
47
47
48
~.. »»u,s niK. M rex
9I4
9
9% 9%
Cameron Ti-on A Coal
28% 29 14 29
29%
''"''> '-''«>1 * Iron 31
3II4
31% 31
iik}' *
Xennesaoe Coal A Iron
34 14 34%
33% 31 14
""
pref
93% 96% 97
97%
7^11"/.'! Stocks, A-c. (tjni Isted.T
Araer Cotton Oil rni.st .......I 52%
53% 53% 53
i
85% 85%
36% 38%
80
•1%
2
147
J
54%
8%
•35% 36
43
Lowest.
53% 53%
54% 5479
5278
8
53%
54% 55%
08
08%
I
1
Certlrtcates
4278
54%
Shares.
I
152
'iiy iiq
CnltedStates
I.!;:!!"!""! 78% 80
Wells, FarKo A Co
142 143
«£eLlne
5378
H
5278
21% 21%
19% 18%
20% 20
108% 100%
23% 23%
91
91%
6
6% 6%
no's 115% 1151s
•28% 30 14
102
26
em
lii"
6
•9
1<!
48% 49
25% 26
80% 81
Do8OI4 81
pref.
Borne WatertovB AOedousbV 100% 100% 101% 102
Louis A San Francisco.
25% 26
26
26
Do
pref!
64% 60
63%
1st pref. 111% 111% 111 "411114
^?. „
.. r,
at Paul A Duluth
39 13 40
•39 14 40
Do
pref."!!i; •93
•93
95
95
Bt. Paul Mlnneap. A Manitoba
101 104 '103% 104%
XexasAPacido
22i«
22
217^ 22%
Union PactUc
64% 65
64% 64%
Wabash St. L. A PaclHo
14
14
14
141a
-^ ^'' A Lake pref...!!!! 2678 2714 26% 27
Wheeling
Erie, pret
6714 67%
67
6778
niacellaiieoiis Stockal'
Colorado Coal A Iron
32ia 33
32 14 32%
Consolidated Gas (>)
82
821a 82%
82%
Delaware A llmlson Caiial
136% 137
136 14 137
Oregon IiuprovomcutCo
70% 71 13 7078 71%
Do
pref. 106
106
100
106
Orecou Railway A Nav. Co
••^•• 91
91
94
941a'
PaciacMail....
3713 88
37% 37%
PHlLidelphia Co., NatGas""'
781a 781a
78% 79
Pullman Palace Car Co
19«'al97
104% 190
Western Union Teleifraiih""
85^8 86I4
857g 86%
?«""1_'*'
96
•68% 70
84% 85
31%
25% 26%
_
Do
9%
691a
*60
70
98%
7%
12% 13
13% 13%
73
73%
fib
American
427g
66%
88%
10314
7114
267e
14118
*9
'38
4913
RlohuioudA WestP'tTerminal
Inaviive Stocks.
106 >4
92
•68
92
23
Peoria Decatur A Evansville.
Phila. A Head. V'ot. Trust. Uert.
Kxpresa Stouka.
778
101% 102%
70% 73%
26% 2778
140% 141%
17
17
•16% 17%
43% 43% 44% 44 14
115
311a
OreKon A Trans-Continentai"
American
547g
07%
86%
21%
10%
19%
03
231a •22% 2314
9
,91% 92
110
30
54
•63% 6278
Fell. 8.
7.
Week,
97
9878 100
07% 97% 99
64%. 6478 61% 6478 63% 64%
101% 102 14 101% 102
99 102
107 107% 107% 10778 106% 107%
397
141% 141% 141 141
141% 141%
98% 99% 96% 98% 97 " 98% 97
30,660
98
18% 19
10
19% 19
9,700
19% 19
19%
1 1.04U
39% 40% 40% 42% 42% 42% 41
41
32% 33
3278
5,18
32% 3278 32% 3278 32
26%
141% 140%
2714
S17g
778
54% 55 '4I
97% 97%;
36
30
20% 21%
18% 19
93
102% 102
67
671a
•9
9%
34% 34%
17% 17%
5214 5278
26% 26%
60% 6II4
9
pref.
northern Pacldo
Ohio
:81a
33%
26% 26%
61% Oils
Do
HorfolkA Western
5178 62%
8
8
•52
527rt
Feb.
6.
Friday,
Thursday,
84% 84% 84% 85
109% 109% 110
110"a llOia 110 HOI4 109% 110
I9I4 lt)%
19
1913
19% I914 19% 19% 19%
75
7378
•75%
77
75
741a 76
75% 76
44 14 4414 44
4313 41% •4313 44
44% 4414
29 14 29% 29% 29% 2878 29% 287a 29% 29%
67 14 67% 67
671*
67
67% 67% 68
68
47
46% 47 14 4.573 46% 46% 47 14 47%
471a
18% 19
18% 19% 18% 1918 19% 191.1 19
84
Mashv.C'liattanooKaASt. Louis
New York Central A Hudson.
Hew York Chlo. A St. Louis.
Do
Do
I8I4
54
'61a
13i«
7313
-8
20%
17% 17%
53%
18
94% 94%
881a 89%
Htohlgan Oeutral
nil. Lake Shore A West
36
Feb.
105% 104% 10478 104% 104% 10414101%
91% 92
59% 60
Manhattan Elevated, cousol..
Do
30>4
54^ 55
pref
A Mich. Southern.
liouff Island
l/oulsville A NashviUe
I/iuls. N«w All). & Chleaito...
lAke Shore
551s
98%
98%100i4
95 '.1 '94%
Clnctii. Ind. St. Louis A Chlo.. loo's 101 14 101%
65 14
04 14 05
ClevelamlCol.Wn.AUudlanap.
27
3714
Columlms nookhiK Val. ATol. 27
140%
Delaware l\.it4-kawannii A West 1411a 142
IOI3 161s 'I6I4
Denver A Kio U., asaessui't pd.
44
pref.
44
44
Do
9I3
914
936
Baat Tennessee Ya. A Qa. R'j.
68 14 69
69
Ist pref.
Do
23 14
2314 33%
2d pref..
Do
91
92
Kvansvllle ATerreHauto
921s
6
(i
Green Bay Winona A 8t. Paul.
6
11
115% lid
lUiuols Oeutral
2913
53%
8%
51% 52%
9.514
KiUKstonA PiMuliroka
4.
Wedneaday,
19 14
20
20
no's* 108% 110 la 108 108%
43 >4 42% 4314 42% 42%
97 's 96% 97
96% 97%
65
65% 64% 65
UG'4
10278 1031a 101% 102
1031s
107 78 108% 107% lOS
109
142
1411a llli« 141%141%
20
I03»a
10M3s
141»4
99"^ 100=8
pref.
Tuesday.
Feb. 5.
43
151
•248
17%
22
•6
233
43% 44
'4
1
•50% 1.50%
•6
7
•35% 37 'a •33% 37%
'16% 17%
15% 17
48
•9
50
OH)
28% 29%
30%
33%
•97
31
337.,
98 '3
49% 50%
0%
73
'a
1
1%
\
1481a'
43
150
86% 86%
38% 38%
80% 87
38
39%
0%
29% 29%
30% 30%
34
34%
96% 97%
I714
17%l
149
230
16
2
16
22% 23%
21% 23%
149
230
1
149% 149%
I
232
'
44% 45% 4473 45%
150% 130% 150 151
6%
37
7%!
37
7%
38
7%
38
16% 16% *16i4 17
49% 5014 •48% 51
9% 9%
29% 30%
30% 31%
34 14 3479
98
99%
9% 10
30%
30
31%
3179
,
80% Jan.
!
34
34%
08% 100
56% 57% 143,0391 48% Jan. 16 57% Feb. 7
86% 8778 j,<x>7,oool 83% Jan. 18 88% Jan. 35
54% 5478 55
5678
56% 57%
86% 85% 86% 86i« 87% 86% 87%
made at the iioaid.
Prices from both Exchanges.
These are Che prices bid and askeds no sale wa*
5 87 Feb. 7
34 Jan. 16 39% Feb. 7
400;
% Jan. 25 1 Feb. 8
l%Jan. 3 2% Jan. S
330
2,415 11% Jan. 8 17% Feb. 6
13,992 15 Jan. 25 23% Feb. 7
714 144 Jan. 5.149% Feb. 8
16 2 41% Jan. 7 250 Jan. 24
4,538 4479 Jan. 23 43% Feb. 7
310 149 Is Jan. 14!id0% Jan. 30
7'1 Feb. 7
500
5% Jan.
38 Feb. 8
200 35 Jan.
17 Feb. 5
1,675 14% Jan.
50% Feb. «
9,300 44% J<tn.
8 >4 Jan.
10% Jan. 11
2,150
30% Feb. 8
4.900 24% Jan.
3179 Feb. 8
4.663 29 Jan.
0,800 31 Jan. 23 33% Jan. S
2,415 93 Jan. 4 100 Feb. S
1,413
9,395
i
.
.
.
THE CHRONICLE.
184
BONDS
-
LATEST PRICES OF ACTIVE BONDS AT
Bangt tince Jan.
Oloting.
iMwetU
Ftb. 8. Feb. 1
* Pao.—W. D. Inc., 68, 1910
Gnar., 4b, 1937
.-^V
Atl.
20 Jan.
78i«Jan.
106 19 Jan.
2114
801a
22
Slifl
Can. Sonth.— iBl guar., 58, 190b 10818 108
96
..-•
96
M, 58, 1913
103 b. 103 18
Central of N. J.— lBt,78, 1890
OohboI.Tb, 1899
Convert. 7b, 1902
Oeneral mort., 58,1987....
LeJi,&W.B.,con.7B,1909,a8'nt
Am. Dock & Imp., 58, 1921. ..
Central Paoitlc— gold 6a, 1898..
Land grant 6b. 1890
Mort. 6e, 1936
Ohes. &0.— 68,g., B,reorg.cer..
Ext.coup., 4b, 1986,reorg.eer.
6B,onrreDCT, 1918, reorg. cer.
Mort. 6a, 1911
Otes. O. & 80. W.— 5-6B, 1911 ...
OUo.BuT. & Nor.— l8t,5B, 1926.
Ohio. Burl. & Q.— Con. 7b, 1903.
5b, 1913
Denver DiTle., 4b, 1922
Nebraska Ext. 48, 1927
Ohio. <feE. 111.— lst,a.f., 68, 1907
Con. 68. 1934
Gen. cunnol. l8t, 5b, 1937 .
OUo. Ind. Coal B., iBt, 5b, '36
Ob.Mll.
St.P— oneol. 7b, 1905
iBt, Southwest Div., 68, 1909.
1st, Bo. Mlii. Div.— 68,1910....
Pao.W.Dlv— 58, '21
let, Chi.
WlB. MIn. Dlv.— 58, 1921 ....
Terminal 58, 1914
Ohio.
N. W.—Consol. 7b, 1915
Gold, 7s, 1902
Sinking fund 68, 1929
Sinking fund 58, 1929
Sinking fund debent. 58, 1933
Debenture
A
&
&
1
&
SB-veardebeut.Ss, 1909
Extension 4b, 1926
Ohl. R. I. & Pac— 6B, coup. 1917
Exten. & col. 5e, 1934
Oh. Bt.P.,M.&. O.— Cousol. 68. '30
Oh.St.L.di Pltt8.— Ist.con. 5b, '32
9314 Jan.
Feb.
JhU.
l'.r:5
Jan.
10638 Jan.
1151a Jan.
108 Jan.
1131a Jan.
1021a Jan.
Iti538 Jan.
79% Jan.
7914 Jan.
291], Jan.
II314 Jan.
107 Jan.
98 Jan.
131 Jan.
104 Jan.
921a Feb.
91''8Jan.
118 Jan.
118 Jan.
97 Jan.
99 Jan.
1:^212 Jan.
112 Jan.
110 Jan.
103 Jan.
99 Jan.
too Jan.
143% Jan.
1291a Jan.
119 Jan.
lOHia Jan.
119 Jan.
1( 5
Jan.
Qi Jan.
182% Feb.
104 »8 Jan.
1191a Jan.
96<a Jan.
92ia Jan.
130 Jan.
112 Jan.
100 Jan.
801a Jan.
82 Jan.
125
b.
loss's
118>4l>.
125 b
109 14
118 b
109'«b. 109iflb
Il4,%b.
K'4 b. 103 lab
107 1«
^6i«
8BMb
8634
341a
85%
117
331a
ll^la
10712
loe'sb.
100 i«b. 10014b.
131isb. 131isb.
106
105»a
93>3
92 b.
9438
94=8
119
b.
119
b.
12018
lOlia
lOlHi
1211a
1031a
104
124b.
124
114i2b. 114 b.
Ill b. lloia
106
I06>4a.
101 lab. lOlieb,
102 a. lOliab.
1441a
131 b. 131i4t),
119 b. 119 b
b. 109%
110 38b. 11038b,
110
10638
101
11638
101 b,
132iab. 133 b
106
105'8
b.
121 ^a. I2II3
96%b 96iab
92
cons., 68,''i92'6
J«ii.
122
Feb.
Jau.
119
75
Jau
J*n.
841a Jan.
73% Jan.
81 Jan.
34 Jan.
96''8 Jan.
11/2
Jan.
99 Jan.
1371a Jan.
110% Jan.
12118 Jan.
98 Jan.
90 Jan.
11414 Jan.
18 Jan.
1061a Jan.
70I4 Jan.
I2OI4 Jan.
8
Feb.
71
b.
981a
KOTE— The letter" b"
Class
Class B, 58
Claes C, 48
A
b.
b.
Indicates prloe btd.and
SECURITIES,
Alabama
90
1
Bid.
Jan.
llOia Jan.
llliia Jan.
97% Jan.
104 Jan.
113 Feb.
41% Jan.
9878
2dM.,78, lb»l
108 a. 105
Mobile A Ohio— New, e«, 1927*' lI2T8b
Genetal mort. 48, 1938
50
1
44
Jan.
Jan.
II
Jan.
115 Jan.
1031a Jan.
1071a Feb.
86% Feb.
871a Feb.
35 Feb.
117 Feb.
110 Jan.
99
132
106
Jan.
Feb.
Jau.
941a Jan.
94% Feb.
11x14 Jan.
1211a Feb.
104 la Feb.
105
Feb.
124% Jan.
II6I4 Feb.
113 Feb.
106 Feb.
102 Ftb.
102 Jan.
147 Jan.
132 Jan.
121 Feb.
Ui9% Feb
llOia Jan.
10638 Feb.
I1414 Feb.
133 Jan.
10618 Feb.
121%
Jan.
Jan.
951a Feb.
1:^3
Jau.
113 Jan.
lo5 Jau.
97
85%
Feb.
85 Feb.
I2114 Jan.
78 Jan.
88I3 Feb.
79% teb.
Si's Jan.
38I4 Feb.
104 Feb.
105 14 Feb.
105 Feb.
141% Fen.
112 Jan.
122 Jan.
103% Feb.
96 Feb.
95 14 Feb.
25 Feb.
116 Feb.
87% Jau.
122% Feb.
II
9%
Ji,n.
74 « Jan.
';9%Jau,
71>a Jau
101 Jan. 103% Feb.
107 Jan. 109 Feb.
12514 Jan. 128 Feb.
124 Jan. 127 Feb.
1121a
118
ext-d,i8",''3'8
125
110
119
Jan.
1(
92
a.
Hi
96I4 Feb.
1061a
I1414 Jan.
921a Jan.
118% Jan.
116 Jan.
General, 68, 1930..
112%b 1121a 112 Jan.
Xinst Bonds, 6s, 1922
""' 111%
112
1091a Jan.
10-40,68, 1924
""" 10214b. 102 b, 101 la Jan.
60-jear 56, 1937
10038b. 101 14
98 Jan.
liOn. N. A. * Ch.-lst, 6s, 1910. 114 b
I1214 Jan.
Consol., gold, 68, 1916
9S3e
93
941a
Mem. &, Cb'lston— 68,gold, 1924 102%b. 102 b, 102% Jan.
Jsn.
Metro. Elevated.— l8t, 6e, 1908. 117 b l)5ieb, Ill's Jan.
2d, 6b, 1899
108 b. 10914 106 Jau.
Mich. Central— Ist, con., 78, '02 131iab, 132 b. 131 14 Jan.
Consol. 68, 1902
Ill Jan.
Mil. Lake Sli. & W.— 1 St, 6s', 1921
1191a 118% Jan.
Conv. (icb., 58, 1907
97
93%
921a Jan.
Mli'W. & Nor.-M. L., 6s. 1910.'.' 108
>sb. 108i3b, 1061a Jan,
Extension, 1st, 68, 1913
107
105 14 Jan.
107
Minn. A St. L.— let, 78, 1927.... 92
90 a, 90 Jan.
Mo. K.&Tei.— Con., 68, 1920.
54ia Jan.
56%
58
Consul., 5s, 1920
54
5114 Jan.
541a
1904-5-6'.'."!
Consol.,
7b,
22H Jan.
811a Feb.
108 ig Feb.
103
6en. 6b, 1934
113 b,
Col. Coal <b Iron— let, 6e, 190U.. 101%
lOlie
Col. H. \al. & Tol.— Con. 58, '31 S.'i'a
841a
Gen. gold, 68, 1904
85
b4
Denver* KloGr.— l8t,78, 1900
iBtcou. 4s, 1936
77
7718
Den.* R.Gr. W.-l8t,68,1911. i-8ia
87 b,
Aweut«d
78
77 b,
Den. 80. Pk. & Pac— lat, 78, '05 81 b, 90 a,
Det.Mac.*M.— Ld.gr.3^e,1911 37 b,
DuL &. Iron Kange— l6t,58,1937 104
i'o'6""'
£.'ren. V. * G.— con.. Ss, 1956. 1(15
104
Ellz. Lex. * B. Baud;— 6b, 1902, 105
100 b.
Sll»- let. cousol. gold, 78, 1920 141 b, 141>a
Long Dock, 76, 1893
112 b, 112 b,
Con. 68,1935
123isa 121 b,
N.K.L.E.&W— 2d con. 6s, 1969 103 H 103 14
rt. W. &Deuv.C.-l6t,6s, 1921 95
95
Gal.H.&San.Ant.— w.Dlvlst,5B 9518
Si5 b,
Gr'nB.W.&Bt.P.- 2dlno.8B,1911 23
20
Gnlf Col.&San.Pe— l8t,78, 1909 116
113
Gold. 6b, 1923
8114
82!)i
Han. i 81. Jos.— tons. 68,1911. 122% 122%
BenaersonlJr.Co.— l8t.6s, 1931 11014b. 11014b,
Int. * Gt.Nor.— Ist, 68,gold,'19 lOSija, 108
Coupon, 6s, 1909
721,18.
73
Sent. Ceutr.— Gold 4s, 1987.... 79%
791a
Knoxv. <tO.— Ist, 68, gold, 1925 1031s 102=8
I,. Erie & W.— 1st g., 58, 1937 .. loSHb
1081a
I«keBh.—Con.coup.,lst, 78,1900
128
Con. coup., 2d, 7s, 1903..
127
125isb,
Iiong Island- iBt, 76, 1898.
119 b
Ist, cousol., 5s, 1931
11514b. 115 b,
Gen. mort., 4e, ]9b8
97i«
97 a,
l/on. * J*a8h.— consol., 7b, 1898 120iab. 120 b,
B. H. & N.— 1st, 6b, 1919
lieiab. 116 b,
841,78,1906
Pao. of Mo.-lst,
Oloting.
'
Ftb. 8
Highest.
120
121iib,
Cleve. & Canton— Ist, 58, 1917
95 14
95%
O. 0. C. & lud.— Consol. 78, 1914 133 b. 133 b,
MlBB'riPac- Ist,
STOCK EXCHANGE, AND KANGE SINCE JAN.
1.
115%
Feb.
97% Feb.
120% Feb.
117 Feb.
113 Ftb.
112 Jan.
101% Jan.
101% Feh.
115 Feb.
98% Feb.
103»4 Feb.
117% Feb.
109% Feb.
133 Jan.
111% Feb.
119% Jan.
97 Feb.
109% Jan.
107 Feb.
93 Feb.
62 Jan.
57i4J8n.
92%
113
119
101
105
113%
50%
a" prloe astcedx
Jan.
Jan.
Feb.
Jan.
Jau.
Feb.
Feb.
all
1,
".'.'"fa'o'ol
io.s"
A
St.
f.,
68,
L.— Ist,
BigkesU
Louiesl.
99
129
Jan.
Jan.
Jan.
101% Jan.
133 Jau.
111
Jan.
130 Jan.
94%
N.Y.Chlo.ASt.L.— l8t,48. 1937.. 94I4
91% Jan.
N.Y.Elevated— iBt. 7s, 1906.... 118 b. 117%b. 116 Jan.
N. Y. Lack. A W.— l8t, 68, 1921. 133 b. 134
131% Jan.
Ill b. 111 b, 113% Jan.
Construction, 5s, 1923
108 b, 108 %b. 108 Jan.
N. Y. A Nor.-lBt, 58, 1927
114% 112 Jan.
N. Y. Ont.
let. 68. 1914.. 115
96%
N.Y.Sus.AW.— lstref.,58, 1937. 96''8
94 Jan.
Midland of N. J.— 1st, 68.1910 11514^ 115% 114% Jan.
Nortolk A West. - Gen., 6fl, 1931 118%b, 118%
11 7% Jan,
ue-sb 115% Jan.
North. Paomo—l8t,coup., 6b, '21 117%
I14%b, 113% 112 J,.n.
Qen'l, 2d, coup.. 1933
102% 102i8b. 97% Jan.
Gen'l 3d, coup. 68, 1937
i07%b. loS b. 10 J % Jan.
N. Pac.Ter.Oo.- Ist, 68, 1933.
Ohio iQd. A West.-lst, Ss, 1938 70 b, 70 b. 64% Jan.
Ohio A Miss.— Consol., 7s, 1898. 116>sb. 116 b. 115 Jan.
119 b. 119 b 119 J^n.
2d, consol., 78, 1911
104% 103 Jan.
OhioSouthem- l8t, 6b, 1921. .. 106
49
49%
2d,lna.,68, 1921
44% Jan,
Omaha & St. L.-l8t, 48, 1937.. 72 b. 71%b' 71% Jan.
100% 106% 104% Jan.
Oregon Impr. Co.— 1st, 68, 1910
Ore, R.ANav.Co.— Ist, 68,1909 lll%b, 11214a.
Jan.
103
104%b 102 Jan.
Consol., 5a, 1925
Oregon A Transoon.— 68. 1922.. 103% 103% 101% Jan.
108 _b, 108 b. lOeTaJau,
Penn. Co.-4%s, coup., 1921
Peo.Deo.A Evans.— 1st, 68, '20.
104% Feb.
Evansv, Dlv l8t, 68, 1920. . i'o'6"b. i'0'3'%"' 102% Jau.
7l%b, 70
2d mort., 58, 1927
66 Jan.
93^8
8k
Phil. A Read.— Gen. 48, 1958... 93
Jau.
84''8b,
87%
1st pref. Income .is, 1958
84% Feb.
73
75%
2dpret. income 5s, 1958
72 Feb.
,'.8'8h.
60%
3d pref. Income 5s, ig.iS
53 Feb.
80%
Plttsb. A West.-l8t,R..48, 1917 82
76% Jan,
62%
Kloh AAU.— 1st, 7e, Drexel cert. 64
58 Jan.
2-ii8
2dinort.. 63. 1916, Drexel cert. 31
26 Jan.
Rlchm. A Dan.—Cods., 6b, 1915
115% 114 Jan.
87%b. 87
Consol. gold 58,1936
86 Jan.
96
Rich. A W.Pt.Ter.-Tru8t 68..'97 97
96 Feb.
Rooh. A Pitts.- Con8.,68, 1922. 115 b. 115
113 Jan.
RomeW. A Ogd.— Ist, 78, 1891. 108 b, 103 b. 107% Jan.
110
lOisb. 108% Jan.
Consol., extend., 58, 1922
St Jo. AGd.Ial,— 1st, 6s. 1925 107 %b, 107
104 Jan.
ll',i% Jan.
St. L. AJt.A T.H.— l8t, 78, 1894. 1 2%b.
106
105%b, 105% Feb.
2d, M., pref., 78, 1894
106 b, 10514b. 104% Jan.
2d.,M,,lnc.,78, 1894
96%
92 Jan.
St. L. Ark. A Tex,— let, 6s, 1936 97%
37 %b, 36%
2d, 6s, 1936
35 Jan.
Ir. Mt.— l8t,78, 1892... 106
b, 106 b, irS's Jau.
St. L. A
107
106
2d mort., 78. 1897
105 Jau.
Cairo A Fulton— Ist, 7r, 1891 102%b. 102%b. 102 Jan.
101
Cairo Ark.A rtx.-lst,78,1897 105
104 Feb.
83 b. 81 Jan.
Gen, Ry, A land gr,, 58, 1931. 88
Jan.
81. L. A San Fr.- 68., CI. A,1906 117 b. 116 b. 116
117 b. 117 b. ll.T% Jan.
68, Class B, 1906
117 b. 1 16 %b. 116% Jan.
68, ClaBB C, 1906
11714a. 115%b. 113% Jao.
Gen'l mort,, 88, 1931
102% 102%b. 101% Jan.
Geu'l mort., 58. 1931
8t,P.M.AM.— Dak. Ext.,e8,1910 llo%b, 119 b. 118 Jan.
116%b. 116%b. 11''% Jan.
Isioons., 68, 1933
red ueed to 4 %8 . 100 )4b, 100 b. 98% Jan.
Do
97
96 b. 96% Feb.
CoUat. tr., 5s, 1898
89
Montana Ext. 1st, 4s, 1937... 89%
83% Jan.
90 b. 90 Jan.
Bhen. Val.— l6t,78, 190H,Tr. reo. 92
34
Gen'l 68, 1921, Tr. reo
31 Jan.
94 %b. 95 a. 90 Jan.
80. Carolina— iBt, 68, 1620
53 b. 53 b. 47 Jan.
2d, 68, 1931
9
Inc., 68. 1931
5% Jan.
105% Jan.
So. Pac, Ariz.-lst, 68, 1909-10 107 b.
113 %b. 114
Jan.
80. PacCal.— Ist, 68, 1905-12.. 114%
So.Pac.N. M.— Ist, 6s. 1911. .. 108
105% Jan.
90
Tenn.C.I.A Ey.— Ten. D l8t,68. 94
S9 Jan.
93
90 b, 89 Jan.
Birm. Div., 1st, 6s. 1917
91
88% Jan.
Tex. & Pac— Ist, gold, 58.. 2000 ^0%
37%
39
2d, gold, inc., 58, 2000
36 Jau.
103
99 Jan.
Tol. A.A. A N, M.— l8t,6a, 1924. 106
Tol.A.A. A Gr.Tr.- Ist, 68, 1921 106 b. 103%b 103 Jau.
Jau.
Tol. A Ohio Cent,— Ist, 58, 1935 10214b. 102 b. 101
Ist.Gs, 1916 98
95
Tol.St.L. A Kan.
92% Jau.
116 b, 116 b, 115 Jan.
Union Pacitlo-lst, 68, 1899
102% 102 %b. 102% Fob,
Land grant, 7s, 1887-9
Siukiugtund, 8s, 1893
119-8b, 120
119 Jan.
Kan. Paoitlc— l8t,68, 1895.... 109 b. 109 b. 111% Jan.
110 b. 110 b. 109% Jan.
1st, 68, 1896
114 b. 114 b. 114 Jan.
DenverDiv.— 68, 1899
115% 115% 112 Jan.
Ist cousol, 68, 1919
Oregon 8h. Line -Ist, 68, '22.. 111% 111 b. 111% Feb,
Virginia Mid.— Gen. m.,D8, 1936 82
85
78% Jan,
Wab.St.L. A P.- Gen,, Ss, Tr,rec. 41 D. 40%
37% Jan.
93
93
Chicago Dlv.— 5«,1910.Tr,rec
88% Jan.
Wabash- M. ,7s, 1909, Tr. reo. 87 b, 87%h. 86 Jan.
93 b. 93 b, 89% Jan.
Tol. A W.— Ist.ext.. 78, Tr rec
l8t,8t.L.Div.,7s,188!',Tr.reo 93 b. 93%
93% Feb.
2d, extend., 78, 189.S, Tr.rec. 89 b. 89 b. 87
Jan.
Con.,oonv., 7s, 1907, Tr.rec. 88
89
86 Jan.
Gt.West.- lat.7». 188»,Tr.rec. 93 b. 93 b. 89 Jan.
2d, 78, 1893, Tr.rec
88%b. 87 Feb,
10.i%
West Shore— Guar.. 4<
106
102% Jan.
West. N. Y. A Pa.— Ut. 5s, 1937 98
95% Jan.
96%
2dmort,. 3g., 5sc., 1927.. ..
43
39% Jan.
West. Un. Tel, -Col. tr., Ss, 1938 102%
102%
DS'e Jan.
Wheel, A Lake B.— 1st Ss, 1926 103 %b, 103 b. 102% Jan.
Nash. Ch.
78,
9s%
CoDsoI. 58, 1938
AW.—
.
no
—
%
.
1
,
C—
102% Feb.
Ia0% Jan.
101% Jan.
107
Feb.
135% Jan.
112
131%
94%
Feb.
Jan.
Jan.
118% Feb.
134
I
It
Feb.
% Jan.
108% Jan.
1!5
97
Feb.
Feb.
Jan.
Jan.
116%
118%
117% Keb.
114% Feb.
1021s Jan.
107% Feb.
73 Jan.
115% Jan.
120 Jan.
106 F.b.
49% Feb.
73% Feb.
106% Feb.
112% Jan,
lOS Feb.
104 Feb.
108''8 Feb.
101% Feb.
105 Feb.
72 Feb.
94 Jan.
94% Jan.
82% Jan.
62% Jan.
83 Feb.
^4% Feb.
31 Feb.
115% Jan.
88 Feb.
99 Jan.
lis
Feb..
108% Jan.
110% Feb.
107% Feb.
114
110
Jan.
Jan.
104% Jan.
97%
38
110
107
103
105
88
116
118
117
116
103
119
117
Feb.
Feb.
Jan.
Feb.
Jan.
Jan.
Feb.
Jan.
Feb.
Jan.
Feb.
Jan.
Jan.
Jan.
100% Feb.
98% Jan.
90
92%
34
96
55
10
Feb.
Feb.
114%
108%
Feb.
Feb.
Feb.
Feb.
Feb.
Fob.
Feb.
94
93
Feb.
Feb.
107
91% Jan.
39% Jan.
106
104
103
Feb.
Jan.
102%
120%
111%
110%
Feb.
Feb.
Jan.
Feb.
Jan.
Jan.
Jan.
114
Jan.
98%
116
116% Jan.
114% Jau.
85
42
94
87
95
94%
90%
89
91
88
106%
98%
44
103
104
Feb.
Feb.
Feb.
Jan,
Feb.
Feb.
Feb.
Feb.
Jan.
Jan.
Feb.
Fob.
Feb.
Feb.
Jan.
other prloea and lue raai^b are from aotaal sales.
STATU BONDS.
Ask.
SECURITIES.
Bid.
3 to 5
'..."."
Feb. 1
1911 l</2%b. 102 b.
1913 130 b. 130 b.
101% 101%a.
N.Y. Central—Extend., 58, 1893 107 b. 106 b,
N.Y.C. AH.-lst, op., 78, 1903 13.=^ 14 b. 135%b.
112 b, lll%b.
Debenture, 58, 1904
133 b. 133 b.
N.Y.&Har.— l8t, 78, 1900
Mutual Un. Tele.—8.
1906 104% 105% MlBsonri- 6s
due 1889 or 1890
1906 111%
Asylum or University, due 1892
,
1906
i'o'i%
Funding.
1894-1895
ee, 10-20
1900 i'0'3"
New York— 6s, loan
1892
Arkansas—68, funded.. 1899-1900 12
6b, loan
1893
7b, Little Rock & Fort Smith, iss
10
North Carolina— 6a, old
J&J
78, Memphis A Little Rock, Iss..
12
Funding act
1900
78, Arkansas Ceutial BR
6
New bonds, J. A J. ...1892-1898
Beorgla— 7s, gold
1890 104 i'o'e"
Chatham RR
Iioulslana- 7b, cods
1914 108
Special tax, Claas 1
"87"%
MIoMssn— 7a
1889.
1,
Range since Jan.
Sailroad BondM.
Bailroad Bondt,
&
N. T.
[ToL. XLVllI.
p.-
,
,.
.
SECURITIES.
Ask.
100 !«
102
104
South Carolina— 68, non-fund. 1888
Blown consolidated 68
1893
Tennessee— 68, old
1892-1896
Compromise, 3-4-5-68
1912
New Bettlement—68
1913
OS
1913
38
1913
110%
35
10
20
5
93%
!V4%
A8k»
.
llo^
7
Bid.
Rhode Island— 68, con. 1893-1894 110
105
64
74
104
105
721s
48
12
25
1
68, eouRolidated
6s-, tonholi.lai*"'.
bonds
C'l
.!•'»"*.«
,
4\
i"o'4'%
73%
...
I"
9
"9%
—
February
9.
THE CHRONICLR
1860.J
185
BONDS-STOCK EXCHANGE QUOTATIONS ON FRIDAY OF THE LESS ACTIVE RAILROAD BONDS.
Rallrond KoiiiU.
f>ul.
tStoek Eichange lYicet.)
A 8iin. Ke— 4'«s . . . 1920
05
105
Atoh. Ton.
Slnkliiij fiin.l, ti»
Collntornl Trust, 58
CUlc. 8. F«&C'»l.-lst»;..
SEOURrrrEB,
Ask,
Bid.
eECUKITlE0.
,S9.
101
85
1911
1937
1937
10
97'*
A Atl.-58
1937
Va. A Oa.— 1st, 78. ..1900
80. Sh.
E. Tenn.
Divisional 5s
19.W
Istext.. goll, .58
1937
Kqnip. A Iinprovom't, g. 58.1938
Mobile A nirui.— 1st, g„ Ss 1937
121
112
Iowa
C—
. .
.
-Sink, fund, 58.. 1919
Sinking fund, 48
1919
Plain, 48
..
192]
I)iv.
Chicago Milwaukee
l«l,88,P. D
2d. 7 3-108, p.
98%
92%
A StlPaul.—
1898 1241a
117
1902 124
l8t. La CniKse Division, 78.. 1893 110
Ist, I. & M. 78
1897 114>9
1st, 1. 4 D., 78
1S99 118
i8t,c.&M.,78
:::i903 124
1st, 78. t. A D. Ext
1908 123
1st Southwest Div., 68,.... 1909 111"*
Ist, Lm U, a Dav., OS
1919 I0212
1st, H. AD., 79
1910 120»s
1«/H&.I^.,58
1910 100
gh'caKO A Pacitio Dlv., 68.. 1910 '118
Chic. & Mo. RIv. Div., Ss ...1926
Mineral Point Dlv., 5s
1910 100
C. A L. 8ui). Div., 5s
1921 100
FargoASouth., 6s, Assu.. 1924
Ino.conv.8iuk.fui]d5s.... 1916
85 «
Dakota A Ut. South., 58
1916
Chicago A Northwestern—
Escanaba A L. S.-lst, 6s... 1901 110
pea
Miun.-lst, 78 ....1907 124
towa Midland-lst, 88
1900 133
A?""i»i»-l8t,coav.,78....1898
wS, f S'-/-;2d,
il",^'*"*'^-!"' 78.1898 121
°- *
78
1907 134
1905 116
S^^r ^ '^*'*-r^*'' 68
*•
^--iBt. 58.. 1909 108
2^.;k-forth"" S,**ru.-l8t, 5
1910 10b>4
Chic. Rotk Isl. A Pao.—
DOS Moines A Ft. D.-l8t,48.1905 83
^'.2'«8
r....l905
fcxteusion, 4a
1905
M'-ist. 58::::i923 104>9
ni^^"i' 8t. Louis—
Ohio. A tH^"
l8t, 6s
1915
Chio.St.P.AKan.O.-58... .193« 94
Minn. AN.W.-lstg. Ss... 1934
Ouo. St. Paul M. A O.S^"w?- ^- *. '^"la-lBt, 68.1918 125
So. Wisconsln-lst. 68
1930
et. Paul A S. C'.-lst, 68
1919
OUo. A W. Ind.-lstr8.f.!68:;i919 114
General mortgage, Bs
1932 II914
^Si "T.- *,"--Coi. 8. f., 7i 1965
2d,gold,4's8
1937
"^i-fi-^,^ Chlo.-l8t,g.,48 ;i936 95Hi
D
let, 78, S g., R. D
:..:i898
119
125>s
1121s
II6I4
1211a
119%
100
101
112
100
138
100
143
95
Consol. 68
19<2o
Jac,!'- * Mac.-l8t,g.",5V.V.iy36
Cl-Col. cm. A Iud.-I8t.
76, s.f. '99
Oonsol. sink. fd.. 78
1914
S"-
Owe. *Mah.
121
136
110
85
56
126
125%
127
95
123
V.-Gold, 58.:.1933 108
'
*<1,
1916 100
1926
75
08
dSl t
^'!°-
M«"a°d-l8t;68:.19U
*
M,.V?''''-
We»t.-Couv. 78.1892
Mortgage, 7a
1907
ra. Uiug. A N. Y.-lst.
Morna 4 luwex-igt, 7s 78.1906
1914
2d, 76.
.1891
Bonds, 78....;;l""*"
1900
T",<"i37i
:::::::::::im
90
109
139 142
136 138
147
106 Tg 107
125
126
128
143 145
?iA"."'V,^'""^-i8t'. 7s.. .1891 10038 lOeOg
^*'"'-'79
1891 11014
Ooupon, 78
1894 11712
Pfc IMV., couj., /,
1917 146
Albany it 8U8(^.— l9t,gu.,76. I9u6
133
"»
laoe 124%
Tji„
"i"^"-' K""-'
Dftrf." i
"em. A''f,"?.''-~,^»'' 0OUD..7S.1921 147
11. G.— Imp. g.
I'i'js
85
""' ™*> '' & All.. iBI.5s
B.
IM13 10j«4>
K
•
.
•
No
price l-riday
;
N. Y. A R'wayB.— l9t,g.,58.1927
2d mortg., inc
1927
N. Y. & M. Beach— Ist, 78. .1897
N. Y. B. A M. B.-l8t,g.,Ss.l935
Brooklyn AMont.—l8t,6s.. 1911
lat, 5s
1911
WBurd Aleue. l8t, 6», gold.. 1916
Co orado Mldfd-ist,gSld, 6V,l93b 105
98
"°ii*ii''eeu.-l8t,b»
1900
1903
RB.— 1st, 58.1934
Louisville A Nashville—
Cecilian Branch— 7s
N. O.
Ist, ea
do
2d, 6s
Pensacola Div.— 68
St. Louis Dlv.— Ist, 6s
2d, 3s
1907
1930
1930
1920
1921
1980
Nashv. A Decatui^lst, 78. .1900
S. A N. Ala.—8. f., 6s
1910
Pens. A At.— Ist, 6s, gold.. 1921
Collateral trust, 5s
1931
Lou. N. O. A Tex.— l8t,4s
1934
2dmort., 56
1934
Manitoba 8. W. Col.— G. 58.. .1931
Mexican National— l6t,g., 68.1927
AM.-
2d, income, 68, "A"
191'7
2d, Income, 66, "B"
1917
Michigan Cent.—6s
1909
Coupon, 58
1931
Jack. Lan. A Sag.—6s
1891
Mllw.L.S.AW.-Mich.D.,l8t,68. '24
Ashland Div.— Ist, 68
..1925
Incomes
Minn. ASt.L.— I'a Ex.— l8t,78. 1909
2d mortg., 76
1891
Southwest Ext.— l6t, 78
1910
PaciHc Ext.- l8t, 68
1921
Impr. A ecpilpment 68
1922
Minn. A Pac— 1st mortg. 5s.. 1936
Minn. S.8te.M.AAtl.—l9t,58.. 1926
Missouri
A
Pac—Trust,
g..58,..1917
Ohio— Ist Ext. 6s. ..1927
l8t pref. debenture....
2d pref. debentures
Mobile
St. L. A Cairo-48, guar
Morgan's La. A T.— Ist, 68
1931
1920
1918
Nash. Chat. A St. L.—2d, 68.. 1901
New Or. A tJulf-lst, 6s
1926
N. O. A No. E.-Pr. 1., g., 6s ..1916
N. J. June— Guar. Ist, 48
1986
N. Y. N. H. A H.— 1st, reg. 48.1903
N. Y. A Northern.— 2d, 48
1927
N.Y. Snsii.A West.— Dob. 68.. .1897
•M, 4iaa
1937
N.Y.Tex. A Mex.— Ist, 48 ...1912
Northern Pac— Dlvid. scrip ext...
Ist, 78
Jamee Bivor Vai. — 1st, 6«. .1U30
«i...ki«h>' .« Pal— l~t.(ia ...1930
thRee are latest gaotatiuus
made
(his
week.
140
144
"93ii
9413
72
84
117
115
109
98
109
125
103
Div.- l8t, 78
General Ss
Ohio River RB.-l8t, 5s
General mort., gold, 8 s
Oregon A Cal.— Ist, Ss
120
1121a 11»
Panama—Sink, fd., sub.,
Pennsylvania RR.—
A C—
2d, 76
1912
3d, 78
1912
Olev. A P.—Cons., s. fd., 78.1900
4th, sink, fd., 6s
1891
St. L. v. AT. H.—l8t,g., 78.1897
2d, 78
1898
2d, guar., 7s
1898
Peoria JcPek U'n— Ist, 6s.. -.1921
2d M., 4ias
1921
Phila. A R.— 3d pr. inc. conv.,195e
Pine Creek Kallway— 68 of 1932
A Tol.— lat, 6s... 1922
Pitts. Junction— Ist, 68
1922
Atl.
11808 119%.
UOial
140
140 1411a
128
133
.......
115
..a*.
58
921s
112
1241s 126
S8>«
......
i09"
113
^^
96% 99
..mmmm
50
S'iia
87»«
43
4419
116i«
1091* -••-•
31)
L.ALM.— Ark. Br., 1st, 76.1895 1041* ••>••
8t.L.&S,Fran.— lst,68,P.C.AOi9i»
Equipment, 7s
1896
1st, trust, gold, Ss
1987
99 100
Kan. City & S.-lst, 6e, g.l916 100 106
Ft. S. A V. B. Bg.— Ist, 68.1910
""""••
—
St. L.
85
•••
114
70
1900 100
A Gr. Is.-2dino
192,t
& Omaha— 1st, 5s, 1927
St. L. Al. A T. H.-Div. b'nda.lSOl
Bellev. A So. 111.— lat, Ss. ..189b
Bellev. A Car.— 1st, 6s
1923
St. Louis A Chic— 1st, con. 6s. 1927
St
103
...>»
110
96H 97
AChar.— l8t,pr.,78....1897 110
Incomes
Kan. C.
50
18
117
6s. ..1910
St. Joa.
80
ToStt
1905 106
1932
1936 100
1937 83
1927
Pitts. McK. A Y.— Ist, 6a
193-.i
76
Pitta. Palnsv. AF.— 1st, 5a.. .1910
110
Pitts. Y. Ji Aah.— Ist 58
96
1927
101 is Rich. ADanv.— Debenture 68.1927
Debenture, ex coupon
II8I4
120
103
108 >*
II8I4 Pitts. Cleve.
116%
111% 112
13
118
1041s 305 >•
A lAke Ch.— Ist.con. 6s.l920
A Miss.—Cons., s. f., 7s.. 1898 1164
Pitt8. C. ASt.L.— lst,op., 7s. 1900
Pitts. Ft. W.
l8t, '78. ..1912
'120
115
100
80
80
41
Bid. lAsk.
Clfncli Val. D., Ist equip. 68.19.^7
Ogd.
Ohio
Sp'gfleld
. . .
Consol., reg., Ist, 79
Consol., reg., 2d, 76
Mahon'g. Coal
Long Island—
MA
K
1907
Qold, 58, ooupon
1951
Dab. A S.
2d Div., 78
1894
Ced. Falls A Minn.— 1st, 78.1907
Ind. Bloom. AW.— Ist pref.7s.l900
Ohio Inrt. A W.— 1st, pf., 5b.1938
L B. A W., Ist, r,-6s, Trust rec.
do
East. Dlv. Trust rec.
Ohio rnd. & West., 2d, 5s ...1938
I. B. & W., con. inc. Truat rec ..
Ind. D. A Spr.— Ist, 7b, ex.cp.1906
Ind. Dec. A West.- M. 5s
1947
2d M. inc. Ss
1948
towa Central -1st, gold, 5b... 1938
Kan. C. Wyan. A N.W.— l8t,58.1938
Lake Shore & Mich. 80.—
Cleve. P. A A.— 78
1892
Buff. A Er.- New bonds, 7s. 1898
Kal. A W. Pigeon— 1st, 78... 1890
Det. M. A T.— 1st, 78
1906
Lake Shore— Dlv. bonds, 78.1899
lU
120
116
109
107
l8t5s
Fl't A P. Marq.— Mortg., 6B...1920 121
1921
Central Ohio Reor.— Ist, 4is8, 1930
Gal. liar. A San Aut.- l8t,68.1910 102
Cent. RR.A B»nk.-a.>l.i;..5e.l937 lOOH, 101%
2d luort. 7s
1905 lOm
Grand Rap. A Ind.—Gen. 5b.. 1924
Cent, of N. J.-Conv. del). 68.1908 106
Green B. W. & St. P.— iBt, 68.1911
Central Paciilc— Oold bd8.,6Bl89.'i llS^
78
Gold bonds, 68
Housatonlo— Cons, gold Ss. .1937 108
1896 113"4
lis
Gold bonds, Ra
HouB. A Tex. C— Ist, lu. 1. 7a.l(;91 127
1897
123 12
San Joaquin Br. 68
Istm. 1. 78, Tr. receipts
1900 114
Cal. A Or.Kon— Scr.B., 68.1892
West Div. 78
1891 'ia7is
West. Padllo— BondB. 6s. ...1899 112ie
123
Trust receipts
No. Railway (Cal.)— 1st, 68.1907
let Waco A Nor. 7s
1903 101
Che«. A O.-Piir. M fund. 6s. 1898 113
116
2d m. 8s M. 1
1912 115
llUie
Tru6t receipts
118
68, jfold, scr. A
1908
Ches. O. A 8o. We8t-2d 68. ..1911
Gen. mort.Os
1921
OhlcaKo A Alton— l8t, 78
75'*
Trust receipts
189M Ill's
Blnklni!: fuud, 6s
Illinois Central— 1st, g., 4s. ..1951 107
1903 124 125
l<oul8. A Mo. Klrer— l8t78..1900 121
90
Ist, gold, Sijs
1961
2d7e
Gold 48
1900 120
1952 101
St. U Jaoka.A Clilo.-lst, 78. 18941 114%
Springf. Dlv.— Coup., 6s.. ..1898 113
l8t, >?uar. (,'J64), 78
Middle Div.— Reg., 58
1921 lieig
1894 114%
2dmort(t. (360), 78
C. St. L. A N. O.— Ten. L,7s. 1897 119
1898 117 "s
2d,(raar. (188),78
1st, consol., 7s
1897 1191s
1898
2d, 6s
Northern Paclflc— (Continued)—
St. Paul A N. P.— Gen., 68.. 1923
IlelcnaA RedM'n— let,g.,68.1937
Dal. A Manitoba— lat, g. 68.1936
Do Dakota Dlv.— 1st. 68.1937
La. M. A Mo. R.— Ist, 58
19.37
North. Pac. A Mon. -1st, 08.1938
Norf. A W.— New Biv.— let,68.1932
Imp. A Ext., 68
1934
Adjustment M., 7s
1924
Efluipment, Ss
190S
119
'
MISS. R. BrirtKo— let, s.f. 68.1912 '106
Chic. Burl. ANo.-Deb. 68....189B
CWo. BurlhiK. A Q.— Js, 8. f 1901 108 "s
flBCURITIES.
91
Ene— Ist, exionded, 78
1897
Park B ..1919 •118
2d, extended, Ss
l»2ft 106
1919
5«, KOld
8d, extended, 419s
Cons, iiiort.. Kold, f>ti
1988 107%
1923
4th, extended. 5s
BeeoD Cr««k-iBt gold, 48
1936 Se>4 86k
1920
Wi'e
5th, extended, 4s
Bcwt. H.Tun. A W.— Deb. 58... 1913 101
1928
Ist, cons., fd. coup., 7b
Brooklyn Elev.-l8t, U., 68... 1924 109% llOis
1920
89
83
Reorg„ l8t lien, 6b
191.%
2d, 3-5«
1908
B. N. Y. A E.-l8t, 7b
Union El.. ]«t,)tii»r., 68....1937 106% 107
1916
N. Y. L. E. A W.-CoL tp., 681922
Brunswick * We8f.—1 St, (r..48. 1938
97
Funded coup., 56
Bntr.Roch.APIttB.— G<'n.,.'>s...l937
1969
Income, 6a
Rocli. & PittJi.— Ist 68
1921 116
1977
99 100
.«uflr. A 8. W.— Mortg. 68.. ..1908
Bart. Ce. Rap. * No.— let, 58. 1906
85
Eureka Springs R'y. Ist, 6s, g.l933
Oonsol. A col. tr, !>k
1934
Evan. A T. H.— Ist, cons., 68.1921
Minn. A8t. L.-lBt78, ifU ..1927
Mt. Vernon— Ist, 69
Iowa C. A Weat.-lst 78. ...1909
1923
105
Evana. A Indian.— Ist, cons.. .1926
Oed. Rap. L F. A N., l8t 68.1920
A Oalo-l8tOB,
Bkit
Ask.
90
Bid.
K.ASo.Wn.— Ist,
68.191fc
Kansas Mld'd.— Ist, g. 48.1937
81
Paul A Duluth— 1st, 5s. ...1931 111»4
2dmortg. 5s
1917 106 I4 106
St.e.Mlnn.&M.- l8t, 7s
1909 112
2d mort., 68
1909
iijoia
St.
Min'8
Un.— 1st,
102%
68
192'.
Mont. Cen.— lat, guar., 69. .1937 i'iohi ill's
Ease. Minn., l8t Ulv. 1st 5s 1908
135
San Ant.A Arans.— lst,6a,'85-191o
"•id"
1231s 127
I26I9
lat, 6s, 1886
1926 '89'i4 89%
Scioto Val.— Ist, cons., 7s
1910
Coupons off
109
68
•--••
Sodua Bay A 80.— Ist. 5s, g...l924
Tex. Central— Ist, s. L, 7s
103
1909 "is
::::~
lat mortg. 7s
33
1911
45
Tex. AN.
112
1st, 78
1905
Sabine Division, 1st, 6s
100 103
1912 103 1«
Tex. A Pac.E.Div.— lat, 6s ..1908 109
Tol. A. A. AUad.— 6s
1917
"96"
Tol. A. A. A Mt. Pi.- 68
191H
Tol. Peoria A W.— Ist 48
107
1917
73
751a
Union Pac— Ist, 68
II314
1896 113
let, 68
1897 11314
99 100
Ist, as
1898 114^ llsJi
Col. Trust, 68
117
1908
Col. Trust, 58
60
1907
C. Br. U. P.— F. o.,78
122
1895 108
Atoh. Col. A Pac— lat, 6a. 1905 101% ioi'4
Atoh. J. Co. A W.— 1st, 68.1905
971s 98%
9638 961a
Ut. So.—Gen., 78
1909 1031s
Exten., iBt, 78
1909 100
40
U. P. Lin. A Col.— 1st, g. 53.1918
98
97
Utah A North'n.— G., 58.... 1926 98
98>4.
1001.
VaUey R'y Co. of O.— Con. 68.1921
105
Wab. St. L. A Pac— Qen.M.,68. 1920
65
67
Chicago Div.. Ss,
1910
19
21
1921
Detroit Div.—68
114
Trust receipts
115^8 117**
1909
Wabash, M., 7s, 1879
105
Toledo A Wab.— 1st ext., 78.1890 i'l3%
115
1889 113%
St. Louis Dlv., 7s
lis
1893
2d M. ext., 78
104
lanS 12 «i 25
Equip, bonds
81
1907
Consol. conv., 78
60
1888 112%
Great West.— lat. 78
75
1893
2d, 78
Quln. A ToL— Ist, 7s, Trust rec
93
Han. A Naples— 1st, 7e, Tr. reo
92
111. A So.I'a— l6t,ex.6B,Tr.rec.
92
8t.L.K.C.AN.-B.E.A RK.78.'95 112 114"
921a
1919
Clarlnda Br.-Os
100
St.Charles Br'ge— l8t,68.1908 104
52
57
1895 1131*
No. Missouri— lat, 7s
1896
Warren A Frank,— Ist 78
72
West. Va. C. & Pitts.- 1st, 63. .1911
116
12s 126
iniiicellaneous Bonds.
110 112
Cahaba Coal Min.— Ist g. 7a.. 1907 112
Chic. Gas Lt. AC.-l8t,g. 5s..l937| 86% '87^8
102 101
Col. A Hock. Coal A I.—Ob, g.. 1917 • 97 la
ico"
EquitableG. AF.— IstOs. .. 1905' 9:1
112
llaokcusacK Water— 1st, 58.. .1926 100
A3
1901
75
go"
Iron Steamboat Co.—Os
7714 Manhat. Beach Imp. Co.— 78.1909
Northwest Telegraph.- 7s....l901
106" People's Gas A Coke 1 1st g.69, 1904
97
97
S'2dK.t8..1904
Co., Chii'ago
lo4
i-'<>«'
U6i«
W.St. auMii I'.'l.—< •"!>. •
lOtia
O—
'
V
-
—
.
.
.
1
.
—
.
.
THE CHRONICLE.
186
New York
City
Bank Statement for the week ending Feb.
We omit two ciphers (00) in all cases.
2, 1889, is as follows.
rvou XL-vm.
&
(OOs omitted.)
&
Minehill
1,578,4
1,171,5
2,000,0
Hanbattan Co
2,0.50,0
Merchants'
Mecbanics'
2,000,0
2,000,0
3,000,0
1,000,0
1,000,0
1,000,0
America
Phenlx
City
Tradesmen'8..
$
$
829,4
1,625,9
1,868,1
629,3
2,254,1
232,4
300,0 6,727,7
128,5
600,0
1,000,0 1,247,5
Oallatlu National
287,6
300,0
Bntobera' &. Drovers'.
160,5
200,0
Mechanics' & Traders
85,4
200,0
Greenwich
611,8
600,0
Jjeather Mannfaot'rs.
80,6
800,0
Beventh National
454,2
1,200,0
Btateot New York..
American Exchange.. 6,000.0 1,493,3
6,000,0 3,211,6
Commerce
1,000,0 1,587,1
Sroadway
667,2
1,000,0
Mercantile
303,9
422,7
Pftciflo
820,1
1,500,0
Bepnbllo
641,1
450,0
Chatham
239,8
200,0
Peoples'
466,8
700,0
North America
1,000,0 1,067,0
Hanover
270,4
.500,0
Irving
38S,9
600,0
Citizens'
167,3
600,0
ITassaa
664,0
750,0
Market A Fnlton
211,3
500,0
Bt. Nicholas
234,5
600,0
Shoe & Leather
1,000,0 1,078,7
Corn Exchange
250,6
1,000,0
Continental
35.3,6
300,0
Oriental
Importers' & Traders' 1,500,0 4,190,5
2,000,0 1,807,6
Park
107,8
240,0
Korth River
121,1
250,0
East River
3,200,0 1,375,8
Fourth National
676,1
2,000,0
Central National
213,4
300,0
Second National
269,5
750,0
Kinth National
600,0 5,843,4
Plrst National
247,2
1,000,0
Tlilrd National
123,5
300,0
N. Y. Nat'l Exchange
361,6
250,0
Bowery
114,4
200,0
Kew York Connty.
207,5
750,0
German. American.
603,8
600.0
Chase National
673,2
100,0
Plfth Avenue
369,0
200,0
German Exchange...
354,2
200,0
Germanla
480,4
600,0
United States
176,3
300,0
Ijincoln
238,6
200,0
Garfield
239,7
150,0
Kfth National
428,0
300,0
Bank ot the Metrop.
211,2
200,0
West Side
134.6
Beahoard
600,0
61,7
200,0
Blxth National
82,4
3,500.0
Western National
Chemical
Merchants' Excb'nge
2,110,0
2,646,0
2,239,4
2,815,0
3.661,7
1,019,0
4,896,0
11,440,0
9,615,0
7,629,4
8,844,0
11,673.0
4,760,0
9,834.0
2,954.8
20,645,1
3,449,1
6,946,6
558,2
7,213,7
696,8
921,6
486,1
120,0
140,8
735,2
318.8
213,7
5,235,0
956,7
1921,2
2,376,0
1 183,6
3,368,6
1 401,0
3,697,9
11,765,0
18,930,9
6,586,8
7,785,0
2,599,9
11,142,1
5,006,2
2,156,3
4,089,6
625,0
651,2
9'i2,0
742,9
210,0
1,081,0
233,1
1,201.0
625,9
424,9
119,7
297,0
110,4
2m,o
77,1
344.0
2.288,0
2,589,1
293,0
923,6
369,4
622,4
457,8
249,0
318,6
963,3
441,7
244,1
402,3
1,515,5
l,.541,2
624,3
2,714,5
1,452,4
240,3
741.6
3,139,3
322,9
14,6'i2.'2
2,K94,0
2954,9
669,8
363,8
2.481,4
4,074,3
1,943,2
8,131,0
6,614,5
5,165,4
2,100,0
22,459,6
20.519,7
2,065,6
l!276,7
18.645,1
7,543,0
3,883,0
5,282,8
23,101.4
6,729,2
3,058,4
4,387,3
1,742,2
3,719,0
5,884,5
5,989,7
325,0
247,0
531,7
444,2
•2,200,1
25,'J36,1
1,706,9
2,347,4
24,275,3
2,156,8
1,602,1
1,28.5,51 19,301,1
1,451,0
9,849,0
,„,, «l
176,0
^^;^fo
1,0420
466, l!
6,300,5
1,581,0
4,161,0 2,380.8' 23,781,8
412,2
1.614,9
7,501,0
123,7
1,453,7
361,6
llO.Oj
2,639,1
609,4
104,5
701,2
2,822,4
153,1
2,813.6
409,1
644,4
2,171,7
0,290,5
4,0!i2,6
153,8
894,4
693,0
222,8
3,404,3
311,0
2,624,1
137,6
38,6
6,468,2
1,312,0
415,8
4,337,6
1,230.2
855,8
607,8
3,083,6
207,1
1.688,8
S5'2,6
567,9
6,329,0
875,1
233,0
2,162,0
304,0
456,0
3,520,0
529,0
67,0
1,984,1
453,0
9,455,0
1,169,7 1,388,0
1372,2
2.30'i,0
2,150,1
2960,8
7 605,3
4084,8
2730,7
2463,4
8,017,9
2877,9
2 398,1
1 372,1
4233,2
1,941,0
2,938.0
1,780,0
10,414,2
16'2.0
113
.
Pennsylvania
Phil. & Erie
Sunbnry & Lewiston
United Co's of N.J
West Jersey
West Jersey <6 Atlantic.
RAILROAD BONDS.
3-1 n«. '96
Inc. 78, end., coup., '94.
Bells Gap— 1st M., 7s..
Cam. & Amb.— M., Bs, '89
70
Warren A Frank.— l8t,7s
West Jersey— lat M., 78..
lleVj
AUegb.Val.— 7
W. Joraov
103
Connecting— 68
117
130
Del.<SBd.B.— 1st, 78.1906
iofii
....
ibs'
BAI.TIIHORK.
128'e
RAILROAD STOCKS,!
& Ohio
ii'ii'
Baltimore
.
1st pref
Easton&Aniboy.mort. 68. 114^
Elmira & Will'm.— Ist, 6s 120
Harris. P. M't J. & L.^s 103
2d prof
Central Ohio
91
92
5120
5109 i-j 110
48
63
A Aug'sta
Wiliu'gton Col.
2d mortg., 78
BAILROAD BONUS.
& Char.— Ist, 78-
10412
Leh.V.— lBt,68,C.&R.,'»8 llOij 1201a Atlanta
Incorae, 68
Bait. <fc Ohio-4s, 1935...
Yad.— l8t,68
Cape Fear
1403.
2d, 78, reg.,1910
ISS^a
Cons. 68, O.&R., 1923..
North Peiin.— Ist M.. 7s.
General raort. 7s, 1903.
N.Y. Phil. ANort —1st, 63
Income, 68
I32I2
10534 10614'
5034; Cin.
132 12
Cons., 6s, coup.. .1906.. 124
116
Cons.. 6s, coup. -.1919
107
i^n. Trust Loan
Perklomeu— 1 St se. 5.1918 104
Penn.&N.Y.C.^n.— 7s,'98 lie's
t Per share. 5 Last price this week.
Penn."Oen.,68,coup.l910
BANKS.
.
I45I2
German Am.
Gemiaiiia
Greenwich.
Chatham
Chemical
—
—
City
Hanover
Hud. River..
Im.A Trad's'
Irving
Leather Mfs'
155
Citizens'
Commerce... 183
Continental 130 12 131
Corn Esch... 225 240
East River.. 165
nth Ward.. .1160
BANKS.
I
297
139
250
255
4050
360
Wash. & Bait.- IstB,
300
119
200
130
226
145
610
168
220
175
180
190
175
190
115
120
;.
Broadway
Chase
Mauh.attan...
MarketA Ful
Mechanics'..
M'cbs'ATrs'.
Mercantile.
FHthAve....!1200
2000
14th Street. 165
14 3 Hi
Fourth
260
Gallatin
.
Mercliants'..
Merch'tsEx.
105
105
IIOI2
95
60
27
94
49
25
10
ll-a
124
152
625
180
Pacific
People's
220
200
182
Pheuix
1341.2
Republic
Seaboard
Second
Seventh
15712
200
ISO
Park
126
330
124
ShoeALeath. 162
St. Nicholas. 125
State of N.Y. 112
Tradesmen's.
UuitedSt'e8.l210
160
124
153
240
163
1205
1170
Oriental
Metropolis... 255
Nassau
New York
Bid.
I
N.Y. CoHuty. 300
N.Y.Nat.Ex.]124
Ninth
ll4o
N. America.- 1155
North River. ,140
III4
Metroplitan.
First
...*»
Local Securities.
Am. Eich...
. .
122 >i
lOOi*
Soab'dARo'n'ke— 53, 1926
West. Md., 3d guar., 6s 511512
WiLCol.&Ang.,6s,1910. 5117
Garfield
Butchs'A Dr. 180
—
122
102
2d8, 68
Sds, 3s
1st Inc., 68, 1931
I
Bank Stock l.Ut.
BANKS. Bid. Ask.
Ask.
Bid.
185
America
13
101
A
510412
Cent. Ohio-68, 1890
Char. Col. & Aug.— Ist, 78 109 V.
120
New York
49
llHl
Preferred
Western Maryland.
Hunt'nA B. T.— Ist, 78..
Consol. M., 68
126
i24'
107
Atl.— lat, 6s
Pittsburg Br., 68
ndhi
&
dt
West Penn.— 68, 1893
7s, 1900
Chartiers— 1st niort., 7.'*.
Jeff.— Ist, 6s
Clearnold
Catawlssa— M.
Central
100 '8
126'
2d, 7s, o. &r. 18B3
Cons., 78, coup., 1911 ..
Cons., 6s, g., l.R.0.1911
Imp., 68, g., coup., 1897
113 11319
134
122
76>-.,
104
82 14
Cons. 6s, Istser., 1922. 10138 101 Jii
65^8
18
653,
Deferred incomes, cp...
81
Phil. W. & Bait.— Tr 0..48 lOlH
50 1«
Pitts. Cin. & .St. L.— 7s,cp. 119
2'28i.j
Schuyl. R. E. S.— Ist, 6s.. 1041.
61
Steuben. & Ind.lst m. 58. 107
103 M
United N. J.— Gen. 43
Haven
S.
135,1
eoTvei/? 52,402,6 399.910,0 89,205,6 37,473,1 431,142.1
Total
Ask.
68.
General mortg. 4s
64 78 PhU. dt R.— Ist M., 68....
54 -'e
69 3j
71
56
Nesquehoning Valley
Northern Central
North Pennsylvania
8,23.5,1
217,6;
114.2,
1,123,0
243,3
730,0
983,6
958,2
20P.P
5,264,2
3,445,7
112,6
394,2
3.545,?
1,846,0
11,400,0
10,566,0
8,616,4
8,707,0
12,710,9
4.484,0
12,964,1
2,920,9
23,3:5,2
4,368,6
5,043,6
1,969,3
2,613,0
1,158,3
2,878,7
1,441,9
2,944.4
16,155,0
13,556,3
6,172,6
8,817,4
3,078,6
12,085,3
6,850,2
2,758,0
4,647,7
15,812,1
2,953,0
1,100,0
& Erie-con.
463.1'
Preferied
Little Schuylkill
Bank ot Xew York...
211-i Phila.
204
Broad Top
Lehigh Valley
BANKS.
SECURITIES.
Ask
SECURITIES.
Hnntlngton
*
.
Western
250
I
130
1131a
103
95^2
"96"
Gas and CItT B.allroad Stocks and Bonds.
LegaU.
Specie.
N. Y. Banks.*
Foh.
GAS COMPANIES.
$
;il.""".i;illl
2
392.336.9
386,318,0
389,326,6
392,821.9
399,910,0
77.032,5
82,150,7
85,668,7
88,530,2
89,205,6
32,529,7 408,910,4 4.850,5
34,930,9 410,129,8 4,863,1
36,570,3'416,837,8'4,824,3
37,545,8 124, .324,8 4,734,0
37,4i3,ll431,14i!,l'4, 709,7
702,790,1
680,366,4
724,073,9
653,681,8
651,220,7
148.865.3
149,919,3
150,708,3
Jan.
12
19
26
DepositaA Girc'Vn Clearings,
$
,
9,094,8
9.202,3
9,244,6
5.213,2 124,176,6 3,981,7
6,501,6 12.5,971.8 3,829,7
6,720,8 128,093,8 3,622,6
08,801,1
96,304,2
89,551,2
Boston Banks.*
Jan. 19
"
26
2
Feb.
fhiladel. Banks.
Jan. 19
"
28
Feb. 2
26,331,0
25,993,0
25,504,0
92,374,0
92,279,0
93,300,0
We
omit two ciphers in all these figures,
delphia. the item *• due to other banks."
91.947,0 2,31 B,6
92,062,0 2,316.5
92,528,0 2,316,3
f Including, for
73,520,7
64,.543,1
72,281,1
Boston and Phila
MutnaUN.
55
Y.)
Scrip
72
120
Williamsburg
106
Bonds, 6s
Metropolitan (Brooklyn).. 89
105
Municipal— Bonds, 7s
124
Fulton Municipal
105
Bonds, 68
112
Equitable
112
Bonds, 68
170
114
98
100
102
100
110
99
Bonds, 6s
[City
82 12
Ask
(Bid,
74
People's (Brooklyn)
104
56
103
83
100
Nassau (Brooklyn)
12'.i
111
90
110
126
109
115
101
RE. Quotations by H. L. GB4NT, Broker, 145 Broadway.)
108
D. D. E.B. AB.— Scrip6s.. 105
140 150
Eighth A v.— Stock
'103
Scrip, 6s, 1914
107H
10312 10412 42d A Gr'nd St. F'ry-Stk. 206 210
103 110
105 106
1st mort., 7s, 1893
28
42d St. Manh. A StN.Ave. 24
B'way Surface b'ds... 1924 102 103
110 Ill's
Istmort., 68, 1910
93
Bonds guar., 5.3, 1905.... 90
40
45
2d mort., income, 68
Brooklyn City— Stock..... 122 128
Hou8t.W.St.A P.F'y-Stk. 163 113*'
1,105
107
1st mort., 5s, 1902
110
l8t mort., 78, 1894
Crosstown- Stock.|160 165
Bklyn.
50
|lOO
Ninth Ave
Istmort., 7s, 1888
100 lioi"
Second Ave.— Stock
Bushw'kAv.(Bklyn)— St'k 140 150
104 12 106
1st mort, 58, 1910
Crosstown— St'k.. 143 146
Central
135
Sixth Ave. Stock..
118 125
Istmort,., 6.3, 1922
103 108
91
Ist mort, 7s, 1800
Cent. Pk.N.A B.Riv.— Stk. 88
1'20
214 217
1902
1201s .Third Ave.— Stock.
Consols. 7s,
101 103
Bonds, 7s, 1800
Christ'ph'rAlOth St.-Stk. 122 125
.Tweuty-third St.— Stock.. 220 225
111 113
Bonds, 7,3, 1898
110 113
130
Ist mort, 73, 1893
Drj- Dk.E.B.A Bafy— Stk. 125
109 111
1st mort, 78, 1803
A
Ful. r.- ~Stk.
1st mort., 73., 1900
7ibAv.— St'k
Ist mort., 58, 1904
2d mort., 53, 1914
Bl'ckcr St.
Br'dw.iy
Quotations in Boston, Philadelphia and Baltimore:
Following are quotations of active stocks and bonds. A full
list is given in the Chronicle the third Saturday of each month.
102
Consolidated Gas
Jersey City A Hoboken.,
Metropolitan- Bonds
GAS COMPANIES.
Ask.
Bid.
j
Brooklyn Gas- Light
Citizens' Gas-Ljgbt
Bonds, 58
A
26
113
190
I
28
115
200
I
I
t
SECURITIES.
Bid.
AtohMon
64 »<
BDSton <& Albany
161
Boston A liOwell....
Boeton & Maine
Boston (& Providence
California Southern
Central of Massachusetts
Preferred
Concord
Connecticut A Pass
Connecticut River
Kaatern
.
Preferred
yitchbarg, pref
Flint <& Pero Maraaette,
Preferred
Kan. C. n. Scott & Mem .
&
Trust, 6s
Burl. & Mo. R. in
68
n07 109
Land grant, 7s
... .111218
California South.— Ist, 68
)3 |106
Income, 6s
....
60
Consol. ot Vermont— 5s..
Eastern, Mass.— Gs. new.. 5125
S. C. tt. Scott&Mem..6s
K. C. Fort Scott A. O.— 78 117"'
iCans. City Law.* So.— 6s
109
96
K.C. Memph. & Binn— 68
9B>s
Kan. Cit. St. Jo.AC. B.— 78 121V
K. City Sp'd
Mem.— es
g:.C. CJmt. & Sprlngt.- 68
Little K. <fe Ft. 8.—7s
10614.
Loui8V.Kv.&St.L.— Ist, 6s lOli^
52ii
2amort.,2.6s
Mar. H.
Out.- 1908, 68, 5100
1
1923,68
N.Y.AN. Kng.-lst,
I
71\i
13'
117:
U43
Norwicli & Worcester
5175
Ogdeusb. & Lake Cham.
Old Colony
Portland .saco *fe Porta...
318
107141(17 la
98
_
|
5
Ss
PHIL.AUKI>PHIA.
92
80
80
89
38
Pike's P'k, Ist 66
—
California Pacific
1st moTt., 4i*)S
2d mort. guar
Chic. A Atl.— Benclieiary.
C.V. W. A M.-Cen. D.lat.
Continental Con. & Imp..
Dul. S. Shore A At— Stk.
Pref
Giorgia
Pac— Stock
Ist 68
2ds
«
40
6614
<
I
'90'
7I2I
107
102
Nowb. Dutch.A Conn
N.Y.
V.'.
S. d;
Buff
A Green'd Lake,
2d mort
N.Y. Loan A Impr
91a N. Y.
'"'
Isl
20
3*
1
16
I2I2
2
20
14
80
6
9
47
62
Y Mutual
Tel
97
N. Pac. P. d'OreUle r.iv... 102
North Kiv.Oons. C,>.scrlp.
s
0.I.& W.— 1st acc.iutcert 60
33
2d ace. int. cert
Ocean .Steam.Co.,lst guar. 102 104
44 6
Penaacola A Atlantic
40
(Postal Telegraph— Cable. 39
4
76 Hi' St. Louis a Chicago.
"
38
24
Pref
_
101
St.. PaulF„AGr.Tr.,l8t8B
103
Rcioto Valley. 1st 7s
88 14
Sugar Refineries Co
17
Toledo Peoria A West...
Vicksb. A Meridian— Ist.
N.
90
88
15
,
N. J. Southern
N. O. Pao. Lard Qriint...
Newp. N. A Miss. Val
.
Ohio......
Ist pref
441,
47 "-j
6U
A
80"
A Char. Air Line
118 122
1st 78, 1907
41
Brooklyn Klev'd— stock.. 38
1934 20
Brunswick Co
Atl.
Kanawha A
1
5
Ateh.
Jarvls-Couklin,M.,D6b.6s
Bell's Gap
Camden A At'aiitic.pref.
BONDS.
East Pennaylvania
Atcb. A Topeka— lat, 7a. 110",i
Elmira & Willlamsport..
OoU. Trnst.. 5s
Preferred
80»f.! 87
t Per share.
5 Last price this week.
Unlisted Securities.— Quotations from both Exchanges:
SECURITIES.
Ask.
Bid. Ask.
SECURITIES.
Mt Dea.,t East Sh. Ld.Co. 1-87 200
38
34
Am. Bank Note Co
Consol. 5s
lucome 5s
OSi-i'
1
_
RAILROAD STOCKS.
'271.J
116
Incomes.
__
Wlscon. Cent.— let M., 68
Income
21I2
12634
7s..
«&
72
W-'j,
L.C.— Cons.
Rutland-58
Southern Kansas— fis
Texas Division— 53
Ogdens.
I
I
11812'
Non exempt,
Istmort., 68
2rt niort., 6a
,
102
Neb.-
Mexican Centrftl~48
Income
&
Wancheiitcr & Lawrence
Mexican Central
H.Y. <jt N. Eng.. pref
Preterrert
I
80
&
Preferred
Wisconsin Central
1100
.
Maine Central
Summit Branch
99
101
5
&
Blrra. ..
liouisvllle ISvans.
St. L.
Northern
Ask.
& T'p'a.— (Cont'd)—
Mortgage, 6s
Esempt,6a
31
Preferred
Cheshire, pref
Ohio. Burl, ds Nortb'n....
Chicago <fc West. Mich...
C9eTelandI<£ Canton
K. O. Memph.
Bid.
Plain, 6s
64
To) eka
SECURITIES.
Atch.
BOSTON.
BAILROAD STOCES.t
<&
Ask.
2d pref
I8t68
Keely Motor
Kingst'n A Pomb., Ist SJ
Lehigh A Wilkes. Coal...
L.N.A.AC.— O.AI.Div.,6s
MemphisA Cha'st consols
Mejc. Nat.Couslruct'n Co,
MifbIgM A Ohio
2d mort
Incomes
Stock, pref
40
*
—
..
—
82
W>i8t. N Car.— Con. 6s
Bowery National Bank... 240
Gerinan Exchange Bank. 210
. 1250
Sixth National Bank
—
87
230
.
.
1
Fkbhuary
THE
P, IStO.J
CHRONICILE.
187
Bamingi BtpcrttO.
Lalett
luuijstnxcut
Roads.
WeekorHo
KanawlinilkOhlo|:i(l wk Jnn.
K.C.Kt.H.AMem. :til wk Jan.
Kan. V. CI. A So lail wk Jan
K. (J.Wy.AN. W. l)«i«nil>or
Kentucky (;eut Dccemlier.
gailrcrad |utclligcttce.
Keokuk A
Supplement, a pamphlet of 150 pages,
eontaifis extended tables of tfie Funded Debt of States and
Cities and of Vie Stocks and Bonds of Railroads and other
Companies. It is publithed on the last Saturday of every
ether motUh viz., January, March, May, July, September and November, and is furnished without extra charge
to all regular subscribers of the Chronicle,
Extra copies
arc sold to subscribers of the Chronicle at 50 cents each,
and to others at $1 per copy.
J7»« Investors'
KlDKXt'n
A
\Vo«t |:icl wk J:im
I'cm. .lanimry
-
Knoxv. A Ohio December
Lake K. A Wvst ttli wk Jau
LehUhAIIuil.. December
L. Ro(^k
—
LonK
A Mem
3d wit Jan.
January
Ifllancl....
..
La. A Mo. Klv.. .Vovembcr.
Loil]B.Ev.ASt.L 1th wk Jan
Loiiiiiv.ANiuihv. 4th
Lou-N.A.AChlc. Ith
wk Jan
wk Jan
WK Jau
December.
I-onlsv.N.O.AT. 4th
Lykens Valley
-
-
-
,
Mar. Col. A Nor'n December
Memphis ACha».3il wk Jan.
JiMenieai, Cent
,San Luis Dlv
The Qeneral Quotations of Stocks and Bonds, occupying
six pages of the Chronicle, are now published on the
third Saturday of each month.
'
1th
Ith
wk Jan
wk Jau
tMex. N. (alilns) December.
iMexieaiiRallwy Wk Jan. 19
Mil.L.Sh.AWest Uh wk Jan
Milwaukee A No. Ilthwk. Ian
:
I
MInneap.ASt. L. December.
Mo Kan A Tex. Decoiuber.
RAILROAD EARNINGS.
1888-9.
Latal
JSartiingt Beporlea.
Week or Mo
1888-9.
1887-8.
Jan. 1
to
1887-8.
•
6.803
4,079
71,909
5,083
80,3.54
3,913
«
16,433
236,149
12,109
13,433
212,045
13,196
1,04.V,4"54
1,067,467
19. ^fH
33.6011
89,967
5,054
9,814
40,599
62,003
21,067
13,761
187.74S
37,530
si'.is
6,48
9,520
39,890
45,905
15,293
18,324
174,40
f;o,207
18,584
19.461
474,665
55,277
78,052
431,507
45,904
72,137
92.208
6,773
41,545
164,612
82,731
8,024
42,548
195,435
3,645
245,736
87,670
67,893
20,032
111,500
10,641
0,814
60a,2-'6
182,185
249,103
41,421
187,748
418,393
70,790
1,385.985
150,272
250,980
1,012,212
88,269
117,764
485,1.59
2.i2,.',.,U
54,972
171. 107
1:1
>,llo
230,012
811,067
69,804
109,084
512,042
8,39,^
174',649
2,380,06;
79,020
44,798
21,26'.
126,414
675,124
180,109
202,210
275,482
3,318
65,570
57(»,556
261,516
173,225
78,372
1,374,522
6,228,454
2,302,992
281,433
1,799,176
2,'59,407
133,134
67,866
1,491,388
7,343,586
2,397,608
Int.AGt.N'rth 2 wka Oct.
171,20>'
Mobile A Ohio
Fanuary
281,433
202,210
Nash. Ch. A8t.L. Deci mber
2s5,125
3,125,2.-0 3,0.5,917
Natchez Jac.AC |3d wk Jan.
4,102
11,633
11,375
New Brunswick. December.
65,870
869,066
816.446
N.Y. Cen. AH.R. January
2,710.150 2,716.704 2,710.1.50 2.716,704
N.Y. L. E. A W. December. 2,141.803 2,232,618 27.009.353 20.853,260
N.Y.Penn.AO.. -November. 492,037 560,101 5.694.200, 5.858.815
N.Y. A New Eu)f. December.
429,869 425,857 5,340.004 5,054,276
N. Y. ANorthern January ..
42,910
40,273
42,910
40,273
N.Y. Ont. AW... :1th wk .fan
33,823
29,0.14
104,507
100,350
N.Y. 8ns. A W...iDeccmber.
123,694
135,615 1,445,901 1,395,185
Norfolk A West 13d wk Jan.
85.225
81,069
382,243
349,144
N'theastru (9.C.l|Novemi>er.
50,9.11
45,297
550,980
499,960
Northern c;ent'l. December.
499,538 490.286 6,203,394 6,212,926
Northern I'aeltlci 1th wk Jau 386,945 224,93-< 1,120,140
703.607
Ohio Ind. A W.. |3d wk Jan.
20,296
81,00,-t
31,395
87,681
Ohio A Miss
4th wkJau
72,738
75,857
317,550
804,827
Ohio River
jlthwkJau
8,644
6,746
26,9.S3
36,610
OhloSouthem. iNovember.
48,411
60,153
506,140
532,770
Ohio Val. of Ky Sil wk Jao.
1,896
1,815
Omaha A St. L. jNovem or.
37,439
37,850
375,265
.'?95,065
Oregon Imp. Co November. 419.181 393,252 4.540,409 3,796,502
Oreg. R. A N. Co. December
525,534
539,819 6.379,797 5,376,258
Oreg. Short Line November.
243,004
199.781 2,426,615 1,840,2.57
Pennsylvania. ..iDecombcr 4,80-1,0-3 1,392,954 58,172,077, 55,671,313
PcoriaDec.AEv. 4th wk Jan
19,48-'
19,X23
56,350
55,949
Petersburg
December
34,293
33,356
413,-508
360.631
Phila. A Erie
December. 257, 164 328.637 4,373,0421 4,036.931
Phlla. A Read'K. December. 1,517.060 1,715,0 )0 20,616,746 21,903,073
CoalAlrouCo. Deeeiuber. 1,125,563,1,573,422 18,375,7941 19,056,704
Tot. both Co's
December 2,642,029 3,289,078 38,992,540 41,559,777
Pitts. A Wesfrn 4th wk Jan
54,831
42,359
161,096
137,666
P'rtRoyal A Aug. Novemljor.
24,091
26,609
292,403
292,860
PtK'alAW.Car. November.
39,370
33,909
294,400
204,912
Prcscott. A Ariz. January ..
11,925
8,712
11,925
8,712
Blch.A Aliegn^y.lWkFcb. 1..
20,207
8,s62
101,695
43,827
Zatett Date
1888-9.
Latal Dot*.
to
18880.
*
.
Bo ADS.
Jan. I
1887-B.
1887-8.
I
$
December.
Allegheny Val.
9
1S3..')15
179.048 2,098,965 2,029,108
Atch. T. A 8. Fe. N<tvciubcr. 1,400,371 1,657,078 14,260,107 16,965,412
Wliolo System. Novoiiibor. a,3(i.S,.514
lli).322
Atlanta A Char. Xovombor.
134; 53 9 1,196,618 1,198,749
Atlanta vtW. Ft. IJCfcuiber
43,009
41,684
417,949
410.898
Aaantic A Pac.
wk Jau
tb
70,003
59,!i91
275,302
229,818
Anp. (iib. A San. November.
I'i.OlS
9,06?
B. AG. East. I Jnes December. 1,317,100 1,248,633
Western Linei*. >ccember. 424,'.)32 420,018
1-1
.
;
I
]
Total
ilJicember. 1,742.032 1,609,251
A PotomaciDeoi-nibtr. 113,224 120,983
Bait.
Beech Creek
I>( ember.
BnB.Koch.A PltilUh wk Jan
Bor.C.Rap.ANo. »il wk Jan.
Cairo V. A Chic
Caliior'a So Uh.i
*Oauule.n A Atr<-,
IthwkJan
»-5,H.'i
.56,587
30,t)71
14,4fl3
97,352
51,777
45,8.14
1,539,124
1,447,333
913,334
170,208
133,254
54,099
78C,823
100.509
135.750
16,652
5>i,452
135.957 1,368,021 1,335.754
33,721
6,)6.128
678,014
Canadian Pa<'iiU lii wk Jau
255,000
898,000
801,205
Op.F'r A Yad. Val 1 )iccmber.
26,537
328,199
276,34«
Carolina Cent.. iN'ovember.
56,975
490,868
468.202
Cen.RR.ABif.Co.iDcc mbcr.
742,005 7,344,140 6,7.il,726
Central of N. J
December
992,478 13,177,473 11,4 24,675
Central Pacillo -November 1,381, .)62 1,300,303 14,615.850 12,127,832
Central of 8. C. November.
8,915
9.211
94,339
82,779
Obarlest'n A 8av November.
45,235
42,910
497,197
440,200
Cheraw A Darl .Vovember.
8,064
7,917
74,473
74,587
Clies. A Ohio
3 wk.s Dec. 250,740 249,0 M
Eliz. L. A B. S. November.
87,232 110,033
919,208 1 ,0'f.V,752
Ohee.O. AS. W.. December
181,884 203.008 1,999,382 2,001,723
Cheshire
-November
81,215
49,965
548,426
604,470
Ohea. A Lenoir. N.'veniber.
7,<>46
71,9^
7,402
63.330
Chic. A Atlantic itii wk Jau
51,321
48,1
161,764
149.729
Ohio. Burl. A No, November.
238,3'i7
154,899 1,842.919 2,134,190
Chic. Bnrl. A Q. .November. 2,230,839 2,340,834 21,621,494 25,412,690
Chic. A Hast. Ill Ith wk Jau
47,4 «2
45,969
168,612
150,749
Chic. A Inii. Coal 3(1 wk Jan.
H,108
10,400
29,856
34,279
Chic. Mil.A.-St.P. Uh wk Jan
545,000 490,560 1,656,000 1,152,010
Chic. AN'thw'u. Dt cember. 1,940,627 2,191,563
25,832,973 27,140,725
Chic. A Oh. Rtv December.
7,703
4,143
03,469
00.271
Ohlo.St.P. AK.C. i>eccuiber220,260 178,753 2,330,705 1,739.261
Ohlc.St.P.M.AO. !>< cembtT.
4.57.570
599,105 6,416,320 6,940,873
Chic. A W. Mich. 1th wk Jan
_ ...
„
31,569
25,997
91,691
82,111
Oto.Ind.St.L.Ac! Uh wk Jan
82,628
69,339
228,905
204.932
Oln-Jack. A Mac. :id wk Jau.
8,740
7,642
29,330
22,074
Cln.N. O. AT. p :id wk Jan
67,327
5?,705
201,159
173,173
Ala. Gt. South 3d wk ,Iau.
36,324
27,104
102,240
84,630
K. Orl. A N. E :M wk Jan.
22,627
14,917
63,222
45,422
VIckab. A Mer. 3d wk Jan.
11,881
7,772
36,222
2-,0 .7
Vlck8.Sh.AP. 3d wk Jan.
10,973
7,225
31,004
28,70t)
ErlaniferSyst 3d wk Jan.
149,132 115,723
433,847
359,988
OIn.Kich.AI't.W, 3(1 wk Jan
6,623
6,417
19,027
19,561
Cln. .Sil. A -Mob.. I>ecember.
17,321
15,828
123,519
122,909
Oln.W.i.sh.ABall. Uh wk Jan
55,025
56,960
179.344
170,900
Clev. Akron ACol .id wk Jan.
12,104
9,572
35,450
30,243
Clev. A Cautou. December
32,201
28,801
379,183
373,413
Clev.Col.C.A luu •November.
343,968 424,437 3,9r"i0,887 4,199,715
Whole .sy.stem. December
644,809 745,509 7,581,339 8,05tJ,007
Clev. A .M.irieltn 3d wk Jan.
4,084
13,91!t
5,207
10,981
Color. .Midland. 3d wk Jan
23,401
76,159
Ool. A Cln. Slid Ist wk Jan
"'5',9>/
0,191
"5,957
6,19!
Ool.Hock.V.AT. ith wkJan
57,400
50,722
210,092
205,222
Deny. A lilo Or 1th wkjau 174,000 171,300
572,000
580,437
Deny. AR.o.w. 3d wk Jan
31,675
22,000
76,350
57,475
Den.S.P'kAl'ae, .November
75,740
96,372
994,659 1,192,467
Det.BayC.AAli>, 1th wk Jan
14,543
9,461
38,000
27,S0.>
PeLLansVvt No. Ith wk Jan
20,353
22,091
71,197
60,513
DuluthS.S.AAtl. 1th wk Jau
29.308
24,369
80,705
77,050
.Tenn.Va.AUa. fd wk .Ian
117,631
104,418
335,100
316,349
vans.A Ind'jdis ilh wk Jan
6,'>22
5.326
20.643
16,40H
EvauHT. A T. H 4ihwkJau
23.270
20,5S0
67,709
04,24.-1
Pllut A P. Marq 1th wk Jau
72,602
64,029
201,778
194,396
Flor. KyNav.Co 3(1 wk Jau.
25,957
22,840
78,25
69,471
FtW.ADen.Clti 3d wk Jan.
18,376
11,300
54,800
42,800
Den. T. A Gulf 3(1 wk Jan.
34,626
39,- 36
Den. T.AFt.W (1 wk Ian.
17,711
45,556
tWholesyst'ui. 3d wk Jan.
60,714
140,093
GeorKia Paclllo November. 133,057] 124,158
1,181,194 1,133,273
Br. Kan. A lad... 3(1 wk Jan.
36,004
33,700
103,735
96,123
Other lines..
3(1 wk Jan.
3,129:
3.325
8,679
,^,243
Grand Trunk.. ft'kJan.2(;; 310,291 24il,7.->3
1,243.413 1,144.953
Gulf Col.A8.Fe. .No\'('iuber.
335,90j 387,200 2,876,3631 2,582,959
Hous.ATe.t.Cen I)('(;eniber
27o,61>i
232,i;0C 2,777,157 2, '20,435
HnuiesfniShen December J
15,(100
17,420
15.5,2081
161,761
Bl.Cen.dU.ASo December. 1,147,023 1,150.301
11,752,530; 11,868.036
CedarF.A-Min December,
9,.S68
9,72(1
98,307
1I3.1S7
JDu!..ASio'iC, DecemlKT.
149.700
159.078
Iowa lines... December. 1.59.334 108,798 1,664,401 1,505,064
1,762,76-1 1,078,250
Total all.... December. , „, „
l,30l..9o7 1,325,102 13,515,298 13.546,287
ind.Uee.A\Vest D; cember.
43.424
32,391
376,017
417,407
Iowa Central ..!'3(i wk Jan
30.117'
22,.-<2!(l
85,056l
70,696
,
1
November.
I
icci
niber.
1
;
82,637
35,398
301,000
28,910
63,416
750,365
977,212
1
!
.
,
.
i
i
1
•
,
.
.
'
I
BAW.P.Ter.Co-|
Rich. A Danv. December.
Va. Mid. Dlv..!December.
C. C. A A. Div.lDecember.
Col. A Gr. Dlv. 'Dtcember.
West. N. C. Div December.
W.O.A W.Div.jDecember.l
Ash. A Sp. Div. 'December.
|
cTotal all .. !4th wk Jan;
Rich. A I'etersV December.
.
RomeW. AOg..|Decembcr.
St.Jos'ph A Gr.I. 4th wk Jan
8t.L.A.AT.H.Bs.i4thwkJan
St.L.Ark.ATex. IthwkJau
SCL.ASaul'ran. UhwkJau
8t.PaulADulutb December.
8t.P.Miu.AMau.iJanuaiy ..
8.Ant.AAr.Pa8s.J3d wk Jan.
Scioto Valley
December.
1
Seab'rd A Koan November.
Seattle L.S.A E. January ..
.
SheuauduahVal December.
South Carolina.. November.
80, Pacitlc Co.—
,
Gal.Har. AS. A. December
Louis'a West. .(December
430,523
148,361
89,774
71,939
63^)30
10,400
9,900
228,204
22,901
207,3624,438
23.790
85,90(
153,011
81,200
394,000
22,119
54,683
77,12"
18,227
63,000
129,837
395,998
118,783
85,835
61,278
52,541
9,76o
8,500
4,595,998
1,840,985
207 021
938,09!
19,577
201,161
18,44
26,80)
77,130
143,16;
132,981
482,421
13,733
02,901
71,499
71,223
119,674
913,-.57
645,025
603,974
121,995
117,150
200,516
3,357,353
82,103
78.761
20-1,74'-
424,705
1,479,251
394.000
01,184
605,927
621,684
18,227
830,562
1,145,525
4,373,512
1,682,873
870,416
562,931
682,781
11(<,931
81,765
840.671
231,590
3, 22,607
71,161
78,870
214,470
392,698
1,694,340
482,421
48,514
7h9,l'26
571,796
902,863
1,094,495
314,922 314,878 3,SC4.6:0i 3,347,184
83,16
77,846'
900,4941
843,795
Morgan's LAT. December.
581,420 020.7321 5,220,101; 4,684,339
N. Y. T. A Mex. Deceml)er
15,5;-;6
15,8i9
140,527
170.526
Tex. AN. Orl.. December.
126,308 119,120) 1,438,578] 1,207,504
Athiu'csystem December 1,151,056 l,118,ll'<lll.582,373 10,313,406
Pacitlc system November. 2,930,12" 2,090,909 32,291,2u3!'25,975,049
Totalof all.. November. 4,170,715 3,735,224 42,721,021 35,140,338
80. Pao.
/
RR.— ..
No. Div.
(Cal.)
So. Div. (Cal.)
November.
November.
Arizona Div.. Novemlter.
NewMe.x. Div. November
Spar. Uu. ACol. November.
SCaleuIs.Rap.Ti December
SiuumilBt'auch December
Texas A Pacillo. 4th wk Jau
Tol.A.A.AN..M'h 4th wk Jan
Tol. A Ohio Cent. 4th wk Jan
185,001
521,132
101,030
78,584
11,270
55,52d
114,074
100,428
21,340
142,765
405,90
109,176
59,'203
10,55S
50,607
122,957
172,198
1,.590, 163
1,931,550
3,892,504
1,521,815
035,799
70,172
93,826l
912,419
855,490
1,442,671 1,358,815
531,893
546,675
66,938
44,332
79,728
105,734
68,110
71,969
6,122,10-*
I
l,923,5.'i9;
916,725
13,1334,016
19,434
20,504
AK.C. December.
76,958
40,878
Union Pacillo... December 2,3S0,420 2,243,372 29,260',824 28,557,766
Valley of Ohio.. December.
51,576
62,384
665,529
624,104
Wabaah Kailw'y November. 564.042 590,8.'i0 6,028,069 6,336.896
Wab. Western... 4th wk Jan 151,524 146,777
4.51,018
414,396
Weatern of Ala. December.
56,112
401,943
51,159
487,779
West N.Y. A Pa. 4th wk Jau
73,700
65,300
234,700
212,759
December.
90,841
t West Jersey
98,897 1,556,031 1,469,216
W.V.Oen.APitU December
60,49.
44,629
657,110
413.806
Wheeling AL. E. 4th wk Jan
23,534
24,411
69,314
72,752
WIL Col. A Aug. November.
678.224
78,433
74,006
722,442
llWiaconain Cent 4th wk Jan
99,764
93,068
244,912
228.012
A West
Tol. P.
Tol. St.L.
.
'And branches.
4th
25,15.^
wk Jau
t
HeUcan oarrenoy.
n
AU lines laoluded.
I Includes w^Uole system from Fort Worth to Denver, but not earnings
on Joint track — Pueblo to Trmldad.
( luelndlng Iowa Falls A Slonx City.
c Includes also the Oa. Pao.
Includiug in 1889 Guadal <|ara branch.
—
.
.
THE CHRONICLE.
188
Latest Gross Earnings by Weeks.—The latest weekly
earnings in the foregoing table are separately summed up
as follows.
For the fourth week of January the statement is very
favorable, the gain being 14 '73 per cent on 49 roads.
iih week of January.
Atlantlo & Paciflo
Buffalo Roch.& Pittsburg
Cairo Vin. & Ohio
70,663
56,587
14.493
301,000
51,321
47,482
545,000
31,569
82,628
55,025
57,400
174,000
14,043
26,353
29,303
6,922
23,270
72,662
316,291
62,063
18,584
474,665
55,277
78,052
195,435
89,775
67,893
28,032
33,823
85,225
386,945
72.738
8,644
19,488
54,834
20,207
228,204
24.43S
23,790
85,906
153,011
160,428
21,340
25,155
19,434
151,524
73,700
23,534
99,764
4,818,425
&
Atlantic
East. lUs
Caiioago Mil. & St. Paul. ..
Chiloaeo & West Mich
ClnciuiiRtilnd. St. L.& C.
On. Wash. <fe. Bait
OoL H. Val. & Toledo
Denver & Rio Grande
Detroit Bay C.
Alpena.
<fe
& North
& Atlantic.
Detroit Lans.
Duluth
S. 8.
BTansvllle & Indianap...
EvansTille &T.
Flint & Pere Marquette..
H
•Grand Trunlc of Canada.
lake Erie <fc Western
LiOUlsv. Evans.
&
St. L...
& Nashville ....
N Alb. & Chlo.
louisv. N. O. &Tex
Idexleau Central
l«QlBvU le
Icuisvlll,.
Mexican Railway
Milwaukee L. Sh. & West.
Milwaukee & Northern...
N.Y. Ont. & West
Norfolk & Western
Northern Pacific
Ohio & Mississippi
Ohio Elver
Peoria Dec. & Evans
Pittsburg <fe Western.
tBlchmcnd & Alleghany.
}Rioh.& w.Pt.Ter. Bysteuj
.
Joseph
fit.
<fc
Or. Island...
Bt L,. Alt.&T.H.,branche6
Bt Louis Ark. & Texas...
St. Louis it
Texas
<&
San Fran
Pacific
,
Toledo Ann A. & No. Mich
Toledo & Ohio Central...
Tol. Peoria & Western...
Wabash Western
Western N. Y. & Pcnn....
,
Wheeling & Lake Erie...,
Wisconsin Central
Total (49 roads)
*
For week ending January 26.
For the
following
is
t
i
I
46,000
3,144
1,513
54,440
5,572
13,289
Month c/ January.
2,700
5,082
4,262
4.939
1,596
2,690
8,633
66,538
16,158
877
43,158
9,313
5,915
30,823
13,078
23,095
6,767
4,819
1,156
162,007
3,119
1,898
165
12,475
11,345
20,583
5,996
3,079
,8,770
9,849
11,770
8,202
8,891
1,070
4,747
8,400
877
6,696
652,373
618,596
33,77^
Weekending February
1888.
Increase.
1,585,299
1.
Per Cent.
8-97
Net Earnings Monthly to Latest Dates.—The tables following show the latest net earnings reported this week, the
l«turns for each road being published here as soon as receiTed
Iwt not kept standing from week to week,
— December.
1888.
Roads.
Oentral of Georgia. ..Gross.
Net...
July 1 to Dec. 31. ) Gross.
6 months
JNet...
il.Tenn. Va. & Ga
Gross
750,365
258,379
Net...
497,741
161,630
July 1 to Dec. 31. } Gross.
6 months
)Net...
Knoxvllle & Ohio
Gross.
40,599
1887.
742,005
282,076
-Jan. 1
1888.
to
Dec. 31
—
1«87.
$
7,344,140 6,761,746
2,521.264 2,399,475
4,123,206 4,051,136
1,589,928 1,670,025
503,288 5,615,967 5,329470
205,630 1,933,803 1,675,074
2,960,373 2.914,615
1,018,818 1,115, -.03
39,890
500,1?86
405,653
17,2bl
205.392
1'5,118
262,926
252,932
104.892
86,'I08
330,385 2,426,317 2,243,213
146,551
659,114
7i2,084
65,570
869,066
816,445
23,316
467',i36
454,067
148,366
170,122
490,286 6,203,394 6,212,926
189,811 2,109,821 2,073,484
35,881
473,036
375,217
16,708
212,511
180,446
539,849 6,379,797 5,376,258
257,802 2,228,441 2,428,553
62,901
665,927
789,125
7,484
146,801
173,426
Net...
15,920
Gross.
6 months
S Net.
liOUls. N. O. & Texas. Gross.
316,481
Net...
129,244
New Brunswick
Gross65,870
Net...
19,617
July 1 to Dec. 31. (Gross.
6 months
JNet...
Northern Central
Gross.
499,538
Net...
289,868
Ohio River
Gross.
46,356
Net...
23,541
Ore. R'y & Nav. Co.. Gross.
525,534
Net...
108,371
Scioto Valley
Gross.
54,683
Net*..
14,278
Bontli Pacific Co.—
Gal.Har. & S. Ant. Gross. 344,922 314,878 3,304,674 3,347,181
Net...
111.091
83,481
982,S73
682,945
Iioutelana West
Gross.
83,167
77,846
966,494
843,795
Net...
38,222
38,787
476,908
414.835
Morgans La.& Tex. Gross. 581,420 620,732 5,226,101 4,684,339
Net...
241,703 289,555 1,718,678 1,346,279
N. Y. Tex. & Mex.. Gross.
15.839
15,536
146,527
170,526
Net...
501
3,265 def.3J,883
22,107
Tex. &N. Orleans. .GroHs. 126.308 119,126 1,438,578 1,267,504
Net...
43,378
38,390
424,664
563,353
Tot AU. System. Groes. 1,151,636 1,148,119 11,582,373 10.313 lOfi
Net...
434,895 453,478 3,570,242 3,029;522
Hnlon Pacific
Gross. 2,380,426 2,243,872 29,'i60,824 28 557 766
Not...
8ul,436 764,224 11,326,879 ll,94i;005
July 1 to Dec. 31.
)
.
.
^^
Not
*
allowing for amounts spent for betterments.
fFor
the year
ending Sept.
11,925
8,085
8,712
5,693
Co.
80, 1888. >)
:
Cleveland, a distance of 67 miles, should be
1,935
678
19,258,7061 17,673,407
$
$
5.693
The annual report of Mr, Charles E. Whitehead, President,
" The recommendations of the board, made in its last
annual report, that the line of its road from Youngstown to
roads have reported and the
1889.
\
8,085
ANNUAL REPORTS
says
the result:
aixty-elght roads
Net...
Jan. 1 to Jan. 31.--^
1889.
1888.
New York Pennsylvania & Ohio RR.
Includes the
G eoigla Pacific.
month of January
& Ariz. Cent. ..Gross.
2,159
tJet Incrcaae (14-75 p. e.)
4
Soad.
11,072
4,810
4,199,829
<fe
CUicago
.
.
Decrease.
Increase.
59,591
51,777
16,652
255,000
48,177
45,969
490,560
25,997
69,339
56,960
56,722
171,300
9.461
22,091
24,369
5,326
20,580
64,029
249,753
45,905
19,461
431,507
45,964
72,137
164,612
76,697
44,798
21,265
29,004
84,069
224,938
75,857
6,746
19,323
42,359
8,862
207,621
18,443
26,869
77,136
143,162
172,198
13,138
34,046
20,504
146,777
65,300
24,411
93,068
Canadiau Pacific
Cliicago
1888.
1889.
January.
1888
$
$
11,925
8,712
1889.
Preso.
XLVm.
[Vol.
double-tracked,
and that the ore docks in Cleveland should be improved and
supplied with steam elevators, have been adopted, and, with
the cordial co-operation of the trustees in London, have been
carried into effect. The means for the double track were provided by the Cleveland & Mahoning Valley Railway Company issuing 11,500,000 of its bonds, secured by a first mortgage on its road, which bonds were sold at par. The interest
on the cost of the double track, at six per cent, is to be paid
by this company." * * *
" Our further recommendation, that the ore docks should
be supplied with modern steam hoisting machinery, has met
the approval of our trustees, and they have raised in London,
through the medium of an equipment trust, the sum of
£340,000 for this and for the purpose of purchasing freight
oars and engices. This company engaged to pay the equipment trust 5 per cent interest, and thr< e per cent as a sinking
fund." "- *" *
" This company has also, during the last year, through the
medium of tbe said equipment trust, purchas?d.five switching engines, five passenger engines and ten consolidated
freight engines of 107 tons each, at a totil cost for engines of
These enginffa were procured at the request of the
$196,613.
lessee company, and were built according to plans and specifications furnished by it, and are of the best class of modem
engines. The remaining 140 freight cars of tbe one thousand
purchased last year from the United States Rolling Stock Co.,
as mentioned in last year's report, have been delivered during
the early pare of the present year, and their cost was included
It is thus seen that this company, in
in the equipment trust.
the manner before mentioned, in addition t ) complying with
its obligations under the lease, vehich were to apply $100,000
a year to its betterments, has applied during the present 5 ear
over $3,000,000 for improvements of a highly beneficial
character, and in an entirely gratuitous manner. The total
betterments placed upon the road since the beginning of the
lease, in 1883, including the work in progress on double track
and docks, but not quite completed, has been $3,767,381,
besides paying interest upon tbe cost of twenty heavy freight
engines ren'ed from the lessee company.
"The grors earnings of the road during the year from
traffic have been $6,435,463, being an increase over last year
of $35,330, from our proportion of which, after paying the interest on $8,000,000 of prior lien bonds, rental of leased lines,
and the expenses of management, we have paid one dividend on
the first mortgage interest of one-hdf per cent and declared
one of five-ei^hdn per cent, amounting together to $489,043.
Witli these Increased facilities the future earnings of the road
shtuld be proportionately .Increased. That so small an Increase In the earnings has been made in the past year has
been caused, not. by lo>v rates, for the annual report of the
le-see company shows the mileage earnings on all freight
have increased over last year's rate, when a profit was made,
but from the fact that the total freight carried one mile decreased 36,377,030 tons.
" At first nearly all the lessee's through freight was shipped
west by this roid. This wts the policy of the two roads in
making the lease. Latterly it was diicovere.J by the lessee
that It could make more profit by shipping through freight
west by Buffalo, and li obtained control of the line of steamers of the Unl n Steamboat Company, plying between Buffalo
and Chicago, and now a great and increasing portion of Its
freight Is shipped that way, 10 a great loss In earnings of this
road. The lessee company- delivered to that Steamboat Company during the year 1886, 45,703 tons of freight during the
year 1887, 75,639 tons, and during the year 1888, 101,097 tons,
thus lUustratiog this constant diversion of freight."
;
INCOME ACCOUNT FOn TEAR ENDING SEPTE.MBER
30, 1888.
Income from rental uudrr the lease to the N. Y. L. E. & W.
RR,iS:c
$2,098,251
Hire of cars under car trusts, reut of Cleveland A Mahoning Valley Kailway, Sharon Railway, docks, current expeiiseH, &c,,
&c
915,010
Net income for twelve months
$1,183,240
Deduct—
Interest on prior lien bonds, $480,000, and special funds
applicable to v arious purpcses
Net eanilDBS for tlic year as specified In Article XI. of Ihe
630,819
mortgage deed
Add surplus from fiscal year ending September 30, 1887....
552,421
5,369
Total net income
From wMcn wjs pal^l and declired the following—
Dividend paid on acouut of coupon No. 16 of the
first mortgage houds duo July 1, ISStt
$216,.543
Dividend dtjelaroU on aciount of coupon No. 17 of
the first mortgajce bouds due January 1, 1889 .. 272,500
$557,791
first
Surplus carried to next
fiscal
year
489,018
$68,74T
•
1
:
FIBRUABT
THE CHRONICLE.
9, 1889.]!
Detroit
Bay CItj & Alpena.
year ending December 31, 1888.^
The Btfttistios for the year have been issued as below. The
mileage Dae. 31, 1888. was 337, an increase of 8-48 miles. The
amounts expended for construction and equipment in 1888
were |72,931, chariJied to operat ing expenses. A dividend of 4
CFor
the
per cent was paid January, 1888.
1886.
Saminat from —
$164,268
PrelBht
PamwDfcers.'
MaU, exproBB,
1887.
1888.
$354,666
94,937
19.693
$341,901
95,926
20,401
$469,298
263,367
$458,288
297,856
$117,835
365
$205,429
$160,432
$118,200
$83,940
9,021
$212,069
$138,450
$160,432
$150,000
$92,961
$25,239
$138,450
$73,619
&o
$241,696
Totftl
123,861
Operating oxpeiiBce and taxee
Neteamlngs
Other Income
Total not
Deduct Interest on bonds
Ottier payments
.>
Total
Balance surplus
Colorado Coal & Iron.— This company has, according to
the Euuineerinu and Mining Journal, refused an offer of
over I i. 000,000 "for its lands in and around South Pueblo.
The company's output of pig iron at Bessemer in 1888
amounted to 20,800 tons steel rails, 8,040 tons ; merchant
nails, 45,080
bars, 5,300 tons cast iron water pipe, 1,340 tons
;
kegs railroad spikes, 1,303 kegs,
Mr, Henry E. Sprague has resigned from the presidency of
Colorado Coal & Iron Co., and Mr. Edward J. Berwind haa
been chosen President and will locate in Colorado.
Detroit Lansing k Northern.— In advance of the pamphlet
report the following statement is made :
;
1888.
$1,041,800
720,631
Net earnings....
Uiarges
Balance
Dividends, 7
Called Bonds.- The following bonds have been called for
payment:
San Francisco City.— Central Pacific 7 per cent loan of
1864, due July 1, 1894, Nos. 273 to 293, both inclusive, and
Western Pacific 7 per cent loan of 1865, due May 1, 1895, Nos.
176 to 188, both inclusive, to be paid at oflSce of City Treasurer,
sim Francisco, on or before Feb. 15, 18t9.
City of New Orleans. Premium 5 per cent bonds of
1875, sixty bonds, viz.
—
Nos. 223, 380, 388, 557, 1363, 1460, 1518,
2844, 2939. 2975, 3186, 3228, 3245, S620,
4150, 4302, 4816, 4817, 4926, 5124, 5181,
5864, 6002, 6087, 6370, 0413, 6772, 7169,
7594, 7718, 7993, 7999, 8058, 8071, 8214,
9351, 9547, 9549, 9954, 9971.
1650,
3759,
5204,
7183,
8249,
1879,
3798,
5268,
7221,
8277,
2161,
3956,
5514,
7509,
8523,
2679,
4011,
5692,
7515,
8585,
Car Trust of New York.— The Supreme Court of New
York, at General Term, has just decided the Erie Car Trust
This case, it will be remembered, was an action comcase.
menced in the spring of 1886 against the New York Lake
Erie & Western Railroad Company by certain Erie Car Trust
certificate holders who had not assented to the compromise
p. 0.
Snrplas
1887.
$1,147,160
696,115
Deo.$105,360
Inc.. 24,516
$321,169
310,546
$451,045
273,696
Dec.$129,87«
Ino .. 36,890
$10,623
Grosseamlngs
Kxponaes
6,640
GENERAL INVESTMENT NEWS.
;
;
$150,000
$10,432
63,040
14.388
..."
189
$177,349
175,700
Deo. 178,700
$1,649
Inc.. $8,97*
on pref
$10,623
Inc. or Dee.
Deo.$166,726
—
Vast & West Alabama. The bondholders of this railroad
have selected the following named Rentlemen ag a committee
of reorganization: Eugene Kelly, Chairman; Charles M. Fry,
John Byrne, Stephen F. Austin and Reuben L. Fox.
Iowa Railroad Cases.—Judge Brewer's decision on the application of the Chicago Burlington & Quincy for an injuncRiilioad Commissioners of Iowa
tion restraining the
from enforcing their schedule of rates occasioned some surHe refuses the injunction and reprise and much comment.
moves the restraining order. The original restraining order
was granted last July in a suit brought in the United States
Circuit Court by the Chicago Burlington & Quincy and the
St. Paul companies to prevent the Railroad Commissioners of
Iowa from putting their schedule of rates into effect. Since
then arguments have been made with the view of obtaining a
permanent injunction. But the Court, having heard them,
now decides in favor of the Commissioners.
The Judge says originally he made a mistake in considering
the statute, and now corrects it. The Commissioners did have
authority to make rates, and no one who has read the United
States Supreme Court decisions can decide otherwise. Next,
On this point the Judge
is the schedule just and reasonable?
says experience only will determine. The roads claim immense losses and the Commissioners small losses. Therefore
the schedule must go into effect if the Commissioners eo order, and the railroads can go into the courts for a final deIt may well be that by the time this case comes to a
cision.
final hearing it may be clear that the rates imposed by this
last schedule are compensatory, within the rule laid down in
a prior opinion, in which case no injunction ought to issue or
clear that they are not compensatory, in which case, beyond
any doubt in my mind, a final and permanent injunction
ought to be granted,
Kansas City Fort Scott & Memphis.— The directors of this
railroad have declared a semi-annual dividend of 4 pfer cent on
proposed by the Erie Company in the spring of 1885, by
which payment of the principal of the cir trust was extended, and the rate of interest reduced from 6 to 5 ^er cent.
The non-assenting certificate holders, representing about
$500,000, were not satisfied with the compromise, and sued
the Erie Company for payment in full according to the contract.
At the special term of Court, both Judge Van Brunt
(on a demurrer), and Judge Lawrence gave judgment for the
non-assenting certificate holders, and the General Term have
now affirmed this decision with costs, in an opinion by Judge
Brady. Up to the present time, the New York Lake Erie &
Western Railroad Company are indebted to the non-assenting
the preferred stock, making 8 per cent for the year, and IJ^
certificate holders, if this claim is ultimately sustained, on
per cent on the common stock, making 2^ per cent for the
Series F, interest from May 1st, 1884, to date, and 45 per cent
year. Both are payable Feb. 15 to stockholders of record Feb.
of the principal on Series G, interest from July Ist, 1884, to
The statement of operations for the year 1888 shows tha
8.
date, and 45 per cent of the principal.
percentage of expenses to earnings to have been 67 28, against
Chesapeake & Ohio.— Messrs. Drexel, Morgan & Co. give 6303 for 1887, an increase of 4'25 per cent. The earnings for
notice that they are now prepared to begin the exchange of the last six months were equal to 1'70 per cent on the common
receipts for " B " coupons, currency bonds, deferred interest stock. The comparative statement is as follows:
1888.
1887.
scrip, and all classes of stock, for the new securities of tbe
Inc. or Dee.
$4,344,489
$4,771,169
Deo. $426,680
Chesapeake & Ohio Railway Company as reorganized. Re- Knrnlngs
2,922,996
3,007,495
Dec. 84,499
ExpenKB
ceipts for "B" bonds will be exchanged on and after
Wednesday, Feb. 13.
$1,421,493
$1,763,673
Dec. $342,180
Net
;
;
Chicago & Eastern Illinois— Chicago & Indiana Coal.—
The Chicago & East. 111. and the Chicago & Indiana Coal railroads have been owned by the same interest for nearly two
years. A practical consolidation has been arranged, and application to list $1,465,200 preferred and $2,197, bOO common
'
{
•
Charges
Balance
Slnkingtimd
Balance
guarantee
Traffic
912,139
889,313
$509,354
8,640
$874,360
161,662
Dec. $365,006
Deo. 153,022
$500,714
$712,698
137,189
Deo.$211,984
Deo. 124,128
13,061
Inc.
22.826
stocks of the Eastern Illinois provides fortius union. The new
$487,653
$575,508
Dec- $87,856
Balance
issues simply represent the capital of the Indiana Coal Rail4,67,430
Dividends
way, and the exchange will be made share for share. It is
$20,223
understood that the formal organization of the Indiana Coal
Surplus
Cmpany will be preserved, but with the exception of the necesThe interest charges in 1888 include $146,585 paid to leased
sary shares to qualify directors, the stock will be transferred lines, against $315,931 for 1887, a decrease of $69,336.
into Chicago & Eastern Illinois, and in the way of business
dispatch from
LonisTille EransTille & St. Louis.there will be hereafter only one stock. Reports of earnings
Evansville, Ind., Feb. 7, said the rumor reached that city last
will be consolidated from this time.
night that the Mackey syndicate, which owns the Evansville
Holders of Chicago
Indiana Coal
R. R. stock can sign
Terre Haute Railroad, had bought the controlling interest in
the agreement for the exchange of said stock into that of the
St. Louis, or Air Line.
Certain
the Louisville Evansville
Chicago
Eastern Illinois R. R. Co., at the office of R. P.
telegrams which passed between officials here and in New York
Flower & Co. 53 Broadway.
conviction that the trade has been made, and
A
&
&
&
&
,
Chicago
have led to the
& West Michigan.—The
_
Net
Charges
Balance
Divldonda, 2 per cent
Sorplus
i
1,417,801
1,046,901
1,414,022
1,064,629
370,900
231,040
349,593
220,205
139,860
123,004
129,188
123,004
16,856
6,184
&
that they will take charge on the 1st of May. The L. E.
St. L. runs from New Albany, Ind., to Mount Vernon, III.,
260 miles, and comprehends ultimately running a parallel line
into St, Louis.
Mexican Central.— President Wade of this company has just
Inc.. 3,779 returned from Europe, and he has matured an elaborate plan
Deo. 17,728 for the readjustment of the company's debt on a much better
and simpler basis: The present first mortgage of the Mexican
Ino. ..21,-'S07
Central pays 4 per cent, and carries with it an agreement to
Ino. ..10,835
pay 3 per cent additional under certain circumstances. Thia
Inc. .10,672 arrangement has been indefinite and unsatisfactory, and it is
now proposed to retire the mortgage by conversion. In the
per
first place a new priority mortgage of $8,000,000 bearing
Ino. ..10,672
directors declared a semiannual dividend of one per cent, payable Feb. 15, to stockholders of record Feb. 7, and made the'f oUowing statement of
operations for 1888:
1888.
1887.
Inc. or Dee.
Gross earnings
.Expenses
&
"
THE CHRONICLE.
190
Tucson Globe & Northern of Arizona.— An issue ot
$2,000,000 first mortgage 7 per cent sinking fund gold bonds
of the Tucson Globe
Northern Rirlrord Company of
Arizona is off red for subsoiption at £iOO per bond of $1,000
iu Lf ndon.
cent is (o be i-sued, the proceeds of which are to pay off the
outetsrdicg 10 per cent crupon notes and the dtbanlurebonris,
providtd the consent of 75 per cei t of the prtseot first mortgage bondhnldtrs can be bad. The existing 4 per cent mortgage is to be conwrted into a first mortgage 4 per cent, and
ihe holders are to receive as an inducement to make the ex-
&
$3,5:9,715
1,954,860
1,963,260
Ili6tchar,;e3
894,283
,
Divideud, 1 per cent.
Balance
& St'. Louis
extension was duly
and regularly made. Second The funded debt and scrip of
The masters fl- d that this debt, both bonds and scrip,
1877.
is a part of the fi st moitgage upon the various lines to which
the original bonds belonged, and is entitled to be treated preThird The quescisely as the original fir.t mortgage de bt.
tion of the equipment and roUiog stock of the Wa^'ash system.
The mif t( rs find that all the present equipment of the system
belongs piimarily to its first mortgage bondholders, and must
be apportioned among the several first mortgages on some
equitable basis. la the a'ifence of testimony supporting any
other method of division, they report that it should be divided
on the basis of mileage. The proceedings before the masters
were going on for over three months, and were closed on
Illinois
bondi".
The
$700,572
$1,23,5,939
Philadelphia & Reading— Susquehanna Canal.— It is anrounced that the R-ading Company has effected a ompromise with the State of Maryland, which holds a second mortj(Rge on the Su-quehanna Canal for $1,600,000 at 6 per cent
guaranteed by the Reading. Tte rallrnad pays $147,500 in
settlement ot back interest, and the State reduces the ra!e
from 6 to 4 per cent.
Railroads in New York Stale.— The reports l-elow for the
e: ding Dec. 31 have been filed with the Railroad
Oummissiuners:
^y. r. .V. Bar. A Hnrt.-^
—Hari. it Conn. Wfsl.—^
1887
]f^gQ
Not enrnings....
1888.
137,545
$r9,227
64,182
$22,530
1,676.795
January
1887.
$97,090
75,160
$2,504,.5'73
$35,045
!i,264
27,778
9,113
Total Income....
iLt., rentals tfc taxes
$933,809
378,463
$839,^91
38a,425
$22,530
11,933
Ba'ance, surplus
$561,346
$447,4C6
<t PilU.^
$10,597
Z07ig Island
1888.
1887.
Ji737,123
$713,718
1888.
1887.
Gross oarniiips
Operating expenses
$567,088
362,567
$569,129
417,711
487,344
461,111
Ni'te.ariiinKS....
$204,521
3,033
$151,418
25,000
$249,279
20,155
$.58,607
26,175
Otlier
income
Total Income...
Deduct
Taxes
Rentals,
&c
Total....
Balance
... sur.
$207,554
$176,418
$269,434
$05,302
lO.COO
17.850
$84,919
24 OlO
78,016
$138,287
$6 ,267
$123,152
$53,266
Trans.^
$lt6,935
$82,499
$181,583
$103,199
1888.
Gross earnings
Oi)eratiug expenses
1887.
$169,285
142,709
$26,576
$39,566
Net earnings.
Deduct —
49,861
6,20o
2j,150
Taxes
Koutals
Ti.tal
,.def.
.-f
TV.
$1,955,809
924,180
$1,121,697 $1,031,629
40,974)
7,00o;
20.150)
541,463
$551,249
li.58(.',231
.$180,380
Iron
Moun-
it
:
Oijly $700,000 of
get $5,000,000 worth of equipment.
car trusts is in default now. The balance of the $3,000,000
must be paid off quarterly in drawings. It it believed an
arrangement with the Iron Mountain can be made by the
Wabash Purchasing Cimmittee to pay off these $700,000 and
continue the quarterly drawings and keep the Wabash Company in possesBion of its equipment."
Rk-hinotid Terminal.— It is reported that negotiations have
b en entered into by which the eastbound bus'nees of the (xould
Southwp(.tern system will be turned ovf r to the roads ope.'ated
by the Richmond Terminal Company. The arrangement will
in the shape of a traffic agreement by which the
Missouri
Pdcifio will connect and give its busineps to theE.stTennfsaie, at Mr-mphis, while the Iron Mountain will connect
with the Georgia Pacific at Arkansas City.
be
Western Union Telegraph.—It is said that there is no intention at pr.;sent of exchanging American Cable stock for
Tnere have been issued
the new Western Union bonds.
$5,000,000 of the new bonds in exchange for all of Mutual
Union stock and bonds except about $2,500,000 of bonds which
are outstanding. The authorized issue of new Westjrn Union
bonds has been increased to $7,500,000, the $3,.500,000 addi-
Seattle & Southern.— The directors of this railway compan\, alter organization and election of officers, dpcided to
begin immediately the wi rk of construction of their line
from
Seattle to Poitland. The final eurvey and location of the
route
was ord' red.
Shenandoah Valley.— Counsel
tional
in the Shenandoah Vallev
case have fiuisheU tueir arguments at Richmond,
and the
Court has takin the ma'ter into consideration preparatorv
to
giantngaderreof sa'e. The claim of the equipment lien
holders on judgmfn's fo- $744,7-55 as against the lien
of the
mortgages
s one of the principalquestions argued.
being provided to take up the outstanding Mutual
Union bonds.
" The
Wisconsin Central.— Tiie Boston Transcript says
Wisconsin Central Railroad Company is formulating a plan
whereby the outstanding $400,000 preference bonds, under
:
w
and bearing 5 per cent interest, can
At present these bonds are in liti'
gatioD, an original holder of first mortgage bonds having
brought suit. The plan was to pay the principal in instsl-i
mentB at the rate of 5 per cent per annum, and th's was the
date of Sept.
1,
he exchanged for
South Carolina— At Charleston., S. C, Feb. 3, proceedines
were begun m the Uni ed States Court for a foreclosure
of the
first mortgage on the S mth Carolina
Railroad, which defaulted on the interest on its second mortgage bonds
The pet.tioner is H. P. Walker, one ot^he IruTteeson Jan
1
"nde^
the hr.t mortgage,
1879,
first 53.
Interested parties authorize the
proposition of an exchange at face valiie of these preferrec
bonds for first us, dollar for dollar. They direct, however,
that the offer must be accepted at once and the e.xchange bi
immediately effected. The face value of the preferred bonm
is $600.
Thus a holder ot ten of these will receive six of th«
5 per cent bonds of the par value of $1,000. Fractions ar^
reckoned at $88 on $100.
cause for the litigation.
but the court decided that the motion
could only be entertained on a rule day, which
is the first
c umi
Monday of every month.
Toledo & Ohio Central.-The stockholders have
voted to
ince3Hetne capital stock of the company
$857,000 to take ud
'^
'" "a-^e up
^
some Ohio Central income bonds.
•'
10.
I
551,249
$541,463
$76,211
S68,124
$19,635 del $28,558
Wabash
this
standing was, although there is some question about it, that
the St. Louis Iron Mountain & S:utherQ, as the lessee of the
Wabash St. louis & Pacific, were guarantors of the certificates. When the Wabash went into the hands of the receiver,
the Iron Mountain claimed that they were relieved of the
responsibility created by reason of their having formerly been
tbe leseees.
The Court decides the Iron Mountain guarantee of Wabash
Car trusts good. About $1,800,000 have b en paid off by
the Wabash Company and about $3,000,000 are still outstandDdw, Jones & Co. eporfc an officer as saying "If Iron
ing.
Mountain pays off these car trusts it will take the equipment
of the Wabash; consequently, the Wabash Company can better
afford to pay off the car trusts thai to allow the Iron Mountain to do it. By paying $3,000,000 the Iron Mountain could
leased lines.
1887,
1888.
$2,115,361
993,664
$164,625
125,059
Interest
Balance..
.— D. L.
—
ie
&
$74,923
23.400
83,260
r-Slai. Isl. Itap.
E
that
trustees' certificates which were negotiated with the
various car manufacturers at par. It appears that the under-
from
$2=4,7t2
$107,482
10 500
20,305
—
Interest
find
tain Railroad has been suel by the Car Trust to recover an
instalment of an indebtedness to the Wahash system for
equipment assumed by the Iron Mountain at the time that it
leased the Wabash in the spring of 1583. The amount involved is $850,000, and the entire amount of the debt i^ about
Several years must elapse before a final decision
$3,500,000.
ctn be reached, as the case is to be carried up ta the United
States Supreme Court unless a settlement is reached.
The Pkcific Car Trust Company, of which Solon Humphreys
and Edwin D. Morgan were the trustees, sold a lot of cars to
Pacific Railroad Company, and took
the Wabash St. Louis
$23,194
^Buffalo Roeli.
Lake
the
masters
Wahash- St. Louis & Iron Mountain.—The
$35,045
11.851
Otlier Inoouio
and
—
quarter
.$2,579,183
Gross ca-nings
Operatinjj expenses 1,641,638
—
&
fl,594,«55
894,283
$341,706
Front
A
(Cl-57%)0,470,510
$3,199,2Ji)
Meridian
Wabash.— roport has been filed in the United States Circuit Court at Chicago by Messrs. Bluford Wilson and A. J.
Ricks, »8 masters in the foreclosure proceedings against
the
Wabash Railway Company, finding as follows
upon the principal points in controversy. These points
are: First The validity ot the extension of the Toledo
1887.
¥10,020,22,5
% %971,640
.(65-11)
&
&
Ne ^ York Central & Hadson River.—The report for the
quarter ending DtC. 31 (the first quarter of the fiscal y( ar)
liled with the Railroad Comm'seioneis shows the following:
Nete.nmlng8
Meridian.—The Vicksburg
Railroai was sold at Vicksburg, Miss., by Major F. S.
Bond, Speoiil Commissioner, under the foreclosure decree
rendered by the United States Circuit Courc in favor of the
Farmtr.->' Loan
Trust Company of New Yirk. The whole
property and frarchises brought about $59\000, the purchasers being Charles Schiff, Edw«rd Colston, W. L. Nugent,
J. F. Winslow and W. S
Jarvis. This road is pirt of the
so-called Erlanger system, and runs from Vick^ u'g to
Mtridian.
of careful afention, and, the pr posal is given at length under "Reports and Documents" on another pige.
1808.
$9.170,8f9
&
Vickshurg
change 30 per cent of their holdina;s in new first income bonds
The pres9t.t income bonds are to be converted into new coieolidalid income bonds, the company holding the option o'
paying them off at 50. Ti.is plan will reduce the present fixed
charges by about $1,100,000. The whole arrangement is worthy
fiross c-irninKS
Oieii-tiiiK expenses
XLVin
[Vol.
•
,
—
Febkuabt
9,
THE CHRONICLE.
18S9.J
ll^tjjorts
ittttl
JHocnmints.
MEXICAN CENTRALRAILWAY CO.LIMITED.
Boston. January
80, 1889.
To Ihe Boldeis o/ first itor'gage llonds. Income Ttoiuls mul Shares
The 13,820,000 10 per cent coupon notes issued to tho
:
first
mortRiige bondholders under the circular of June 10, IS84,
will be due July 1, 1889, but may be called in prsviously by
giving ibirty days' notice.
The $'J,r)00,0(lO 10 per cent debentures issued under the circular o'f Dec. 2:i, 1884, will be due April 1st, 1895, but may be
called in at any time after April 1st, 1890, on like notice.
Substantially all the first mortgage bonds are stamped with
an agreement that 4 of the 7 per cent interest shall be paid
firm, and the remaining 3 percent shall be contingent upon
surplus net earnings, but only after payment for such "improvements and additions to the property as the directors
deem
essential."
191
$300 with each $1,000 bond, being over $15,000,000 in all, with
con'ingent interest for 50 years instT-ad of V!2.
This plan will improve tho financial position of the company. Upon the completion of the line to Tampico, if theestimates prove correct, the company will have in its treu-sury
a reserve of over $5,000,000 in 4 per cent consolidated mortgage bonds with corresponding junior securities.
The estimati'S for the Tampico line include its equipmeniT,.
and the $1,000,000 priority bonds, which form a special reserve
an above, will not be issued until the further development of
the iraflic requirts
it.
and iocomR bondholders are invited toIwnds on or before February 22 next with Messrs.
Glyn, Mills, Currie & Co., of London, and the Boston Safe
Deposit & Trust Company, of Boston, who will issue temporal y receipts thtrefor, providing for the delivery of the new
securities in accordance with the above plan, as soon as they
shall have been received by them from the company on bebalf
of the bondholders, but reserving the right to return the
bonds thus deposited if th's plan should not be generally acLevi C. Wade, Prtsid-.nt.
cepted.
The
first
deposit th'
These, and also the income bonds will be due July 1st, 1911.
To provide for the coupon notes and debentures at a lower
rate of interest, to separate the contingent feature from the
first mortgage bonds and give it an appreciable value, to
consolidate the indebtedness, to improve the standing of all
the securities upon equitable terms, and at the same time to
protect all parties in interest,the company makes the following
niortg-igo
ir
MOBILE & OHIO RAILROAD.
KErORT FOB SIX MONTHS KNDING DEC.
31, 188S.
Annual meeting of general bondholders of the Mobile &
Ohio Railroad Company waa held at the office of the company on the 7th inst. The following directors were S:lected
proposal, namely:
to serve for the ensuing year:
It will iafue the following:
VVm. Butler Duncan, J. C. Clarke, A. Iselin, Jr.. Sidney Sheppriority
bonds,
per cent, 50-year, gold,
Its
5
1.
and entitled to priori' y under ard, H. B. Plant, R. K. Dow, John Paton, F. D. Tappen, A.
|8,<100,000
to
limited
The com- H. Stevens, W. 1. Hearin, T. G. Bush, E. L. RusBell, James
the consolidated mortgige described below.
pany has made certain of receiving 95 net U. S. H. Fay.
The action of the company la funding the interest coupon
currency for $7,000,000 of these bonds in the event of
this plan being satisfactorily carried out, and with the pro- maturing March 1st prox. upon the general mortgage bonds^
ceeds thus obtained will pay the coupon notes and deben- as provided in the mortgage, « as approved.
The report of the operations of the company for the six
tures and the expenses of making the several issues and
The remaining $1,000,000 of priority months ending Deo. 3lBt, as compared with the preceding
changes involved,
bonds will be reserved and issued only when the develop- year, shows:
of business demands additional rolling stock, satisfactory evidence to be given to the trustee that such rolling
stock has been purchased and marked, as subject to the lien
of the consolidated mortgage.
2. Its 4 per cent, gold, consolidated mortgage bonds, due
July 1st, 1911, and limited to |33,000 per mile. These bonds
will be exchanged par for par, with the first mortgage boiids,
the holder receiving in addition $300 in the first corsolidated
income bonds described below for each first mortgage bond
ment
exchanged.
A decrease in gross revenue of
A decrease in operating expenses. Including
$23,? 33 78
taxee,ineuraucc, ice
A
30,313 45
decrease in tlio amount expended on
property, bctterineuta and equiiiineat
new
Gross earnings
Operating exiienses, taxes and Insurance
lC.',17tf
(68'34 p.
c.)
IS
1,405.42164
yGy,480 lb
Balance
Fixed charge?, maturing and paid
4^4,935 49
356,360 59-
two issues of bonds the company will make
88,574 OO
a consolidated mortgage under date of January Ist, 1889, to Surplus
Expended on construction, bridges, shops,
the Boston Safe Deposit & Trust Company, trustee, mortgagbettcrmente, &c
$68,.^28 71
43,615 95
112,144 66
ing its railway and telegraph lines, and all equipment and New e(iuipment
appurtenances of every kind, and providing also for the deFunded debt outstanding, iDCluding Ist M.
posit with the trustee of the first mortgage bonds received in
^—
bonds, debentures and general M. bonds,
exchange as above, to be kept alive and in force, and also
Jan. 1, 1888
16,068,00000
Jan. 1, 1889
16,413,200 00
pledging $6,270,C00 subsidy, to which the company is and will
be entitled on account of the Guadalajara line, already comDecrease
f t;54,800 00
pleted, and the Tampico line, which it is constructing and !il6,440,500 General M. 4 s have been issued in
To secure
these'
expects to complete this year.
The trustee of the consolidated mortgage will collect any
payments made on account of the 3 per cent contingent interest on the fii st mortgage bonds deposited as above, and so
long as the interest is paid on the priority and consolidated
mcTtgage bonds will apply the proceeds to pay interest on
the two classes of consolidated income bonds hereinafter described, in the order of preference, and any balance to the
Stockholders.
3. Fifty-year, gold, first consolidatfd income bonds, limited
to three-t^-bths of the amount of the first mortgage bonds, to
te given to holders of the latter as above stated.
4. Fifty-year, U. 8. currency, second consolidated income
bonds, with right reserved to pay the same on or before July
lOtb, 1929, at 50 per cent, U. S. currency. These bonds will
be exchanged, par for par, with the present income bonds.
Both classes of consolidated incomes are entitled', priority
bemg given to the firsts, to interest contingent upon surplus
net earnmgs, and non-cumulative, and not exceeding in any
year 3 per cent, and they will bo issued under one consolidated
income mdenture, executed under date of January 1st, 18S9,
by the company and the American Loan & Trust Company, of
Boston, trustee. The present income bonds, exchanged as
above, will remain in force and be deposited with the trustee.
By this plan the shareholders pledge substantially all the
subsidy not previously pledged, and create a new indebtedness of over $15,000,003, which they give to the first mortgage bondhclders. In return they secure a reduction of the
"^e^" and contingent interest charges, and the option to pay
off the second consolidated income
bonda at 50 per cent U.
a. currency.
The present income bondholders agree to accept payment
per cent of th.ir principal if paid on or before July 10,
^';jy
l»a»; and in return the interest on thtir
new security is made
''I't^'n ^y 'ht' reduction of the prior inter, st charges.
""on^
ine first mort^'age bondho'ders. by the creation of the 5
per cent priority bonds in lieu of the present
10 per cent securities, efte. t an immediate saving of
$380,000 per annum,
and their interest and principal, by this reduction
in fixed interest and the pledge of the
additional subsidy, are rendered
more secure. In addition to this they receive a capital sum
of
^,086,500
exchange tor
1st dcbenturts.
1,440,500 2d
5:-2.500 3d
802,800
4tll
"
"
$6,871,300
Of the balance of (he .authorized issue of
$10,500.1100 gciioral mort. bonds there has
becueauceled by sinking fund
Held by F. L. & T. Co. to exchange for balance
of debentures outstanding,
Ac
Balance
$105 500 00
'
ogcoOOOO
]
2,'s
$j,
4|ooooo
'9,5 00
OO
The company has not disposed
of any of the surplus of general mortgage bonds issued to it for its future use under the
plan for the unification of the debentures.
The interest due March 1, prox., on the 4 per cent bonds
will be paid in general mortgage bonds, and thereafter the
4 per cent bonds issued in exchange for debentures will carry
interest coupons from March.
Floating debt, January 1, 1888
$574,263 62
"
" January 1, 1889
522,244 63
Decrease
$52,018 94
Dccreaspdin January, 1889
$95,222
Id addition to above there Is due on account of 5,000 tons
stocl rails delivered, notes of company at 5 per cent for. 108,033
Against which about3.000 tous of old rails will be credited.
Car trust Issues out standing January 1, 1P88
$678,493
Car trust Issues outstanding January 1, 1889
593,180
Decrease
16
61
00
00
$85,313 CO
six months has been a period of great demoralization in rates governing competitive trafiic. Receipts on this
traffic, as compared with the same period last year, show a
decrease of 7-lOtlis of 1 mill per ton per mile.
Small as this seems to be it aggregates on the tonnage
transported $54,000, which would have been added to the net
earnings. The yellow fever panic and quarantine regulations
affected adversely and seriously ;ill business for sixty days.
The receipts of the road since Jan. 1st show material imi)rovement, giving for Jan. an increase of $79,223 over Jan., 1888.
The past
—
:
.
.
THE CHRONICLE.
192
[Vol. XLVIII.
COTTON.
Friday, P. M., Feb.
COMMERCIAL EPITOME.
Nioht.
The Movement of the Chop,
Feb. 8, 1889.
Fbidat
and
The strike of the drivers on street railroads in this city
causpd
Brooklyn, which had Rreatly impeded local trade and
la the
ttuch "irconvfnieiice and annoyance, cjme to an end
MBt week on the surrender by the strikers ot the points in
The weather has been
controversy.
cold,
and the
ice harvest
much activity. General trade is fair, but
except of some textile fabrics, are quite low, and the
complaint is agRin heard of the difficulty of returns adequate
to business investments and risks.
u
*
The following is a comparative statement of Stocks of
leading arlicles of merchandise at dates given;
bsB begun with
from the South to-night, is given below. For the week ending
evening the total receipts have reached 126,347 bales,
against 155,354 bales last week, and 177,821 bales the previous
week; making the total receipts since the 1st of Sept., 1888,
4,600,714 bales, against 4,682,736 bales for the same period of
1887-8, showing a decrease since Sept. 1, 1888, of 62.022 bales.
Receipts at--
Mon.
Sat.
1,270
(Jalveston
El Paso, &o ..
New Orleans...
Uoblle
Tues.
894
1,624
Wed.
Thuri.
2,543
Fri.
2,692
bWs.
Pork
lard
i*S8nlids.
Tobacco, domestic
Tobacco, foreign
Coffee, Rio
Coffee, other
•Coffee, Java, &o
bales.
bags.
bags.
rnats
hbds.
boxes,
bags, &c.
bids.
bbds,
Bngar
digar
-fiugar
MeJado
Holasses, foreign
Molasses, domestic
bbls.
No.
Hides
Ootton
Bosin
bales.
bbls.
bbls.
bbls.
•nlrlts turpenHoe
sSr
f/.
Kloe, E. I
Bice, domestic
bags.
pkgs.
Unseed
.bags.
bags.
Baltpetre
Jute butts
bales.
bales.
bales.
Manila hemp
Blualbemp
flour
bbls.
and sftoks
Feb.
Feb. 1.
].
14,465
19,346
41,775
13,443
15,1»7
42,423
07
157,815
10,867
21,176
46,245
45,071
196,647
19,435
26,400
39,i'91
52,<
14,034
17,100
258
307
None.
708,850
None.
None.
808,889
None.
6-i
248
2,000
481,100
174,184
23.406
3,003
2,500
582,100
228,340
29,437
1,072
8,700
2,970
144, f 07
59,564
107,900
3.019
None.
1,242,084
None.
77
2,000
987
32i',300
247,181
27,570
2,.M4
1.153
9,S00
5,300
None.
14,000
1,845
17,390
3,740
None.
7,300
62,000
5
1,525
353,195
None.
7,-: 50
77,700
500
4,7^6
341.475
1,684
3,025
8,453 10,218
2,290 1,154
5,545
6,817
184
147
2,273
3,234
1,797
2,3V3
2,511
Charleston
Port Eoyal,&c
1,474
1,334
1,051
1,092
1,359
2.435
6,897
1,027
Wilmington
Wash'gton, <&o
547
229
266
291
255
1,415
1,630
1.549
1,446
1,073
2,737
1,052
1,257
1,666
1,006
660
591
216
785
650
566
837
580
547
50
679
78
469
The market for laid on the spot has favored buyers since
•early in the week; a moderate bu^iQe>s was done at a slight
<3ecline, but to-day there was little doine and ihe close was
nearly nominal at b'85c. for prime city, 730@7"35c. for prime
to choice Weitern and 7-70c. for refined to the Cjntinent.
Tor future delivery there was some recovery eaily ia the
«7eek on a demand to cover contracts, but a freah decline toak
?lace under increased receipts of swine at Western points,
'o-day the market was steadier, but quiet, the only business
May
at 7-28@7-27c.
DAII,T CLOSma PRICES OP LARD FITrURGS.
fceing 1,000 tcs. for
Mond'y
Satura'u.
Feb.delivery
207
4,181
135
7-36
730
734
delivery.... C.7-2G
0.7-30
May delivery
Junedellvery
o.7'31
0.7-33
July deliver.!
Au^. delivery
o 7-35
7-.15
7-.'i5
7-35
7-35
7-37
7-34
7-39
7-40
7-31
7-31
7-31
7-33
7-34
7-35
7-25
725
Fnttnv,
7-25
7 25
727
728
7-25
7i7
7-28
7-29
7-29
730
Other products of swine have been dull and weak the enrange of prices for pickled bellies is 6@ 9c. (-xtra heavy
to extra light), with salea to day of 12-lb. average at 7)^o.
Tallow is firmer, but quiet, at 5%c.
C( flee on the spot has not been active, but prices are pretty
well sustained. Rio No. 7 sold to-day at 16c. The speculation in Rio options has also been quite sluggish, but to-day
trok a slightly stronger turn, closing steady, with sellers as
;
tire
jfollowB
.February
March
April....
May
15-65c.
15-70o.
15-70C.
15-700.
June
July
15-80o.
15'85c.
I
August
I
15-9.5c.
j
I
October
1610c
November. ...)615o
December
1615c
September.. ...16-05c
an advance of 5;gl0 points for the week.
Raw sugars are dtarc r and were quoted to-day at 4 13-16;'.
for fair refining Cuba and 5 9-16c. for standard centrifugals
with the tale of 6,700 tag.s Pernambuco, 87 degrees test, at
4 11-16C. Molasses steady, the sales to-day including two oirgofs of Cuba, to arrive, at 20i^c. for 50 degrees test. The tea
Bale on "Wednesday went off at full piices, and to-day transactions embracing 50,C00 half chests Pinz Suey were made
—
I
Savannah
Brunsw'k,&o.
......
Horfolk
West Point...
N'wp'tN., &c.
New York
|
359
1,819
87
7,429
10,950
9,976
3,638
3,149
4,516
1,433
2,872
9,976
456
408
431
4.516
Baltimore
Pbllac;elphia,&o
Totals this
25
14,673
6,897
7,340
359
231
87
674
--..
week 14,182 21,695 20,706 16,209 17,733 35,822 126,347
For comparison we give the following table showing the week's
and the stock
total receipts, the total since September 1. 1888,
to-night, compared with last year.
1888-89.
ThU
Feb. 8.
Week.
Stock.
1887-SS.
Thi*
Week.
Since Sep.
1, 1888.
Since Sep.
1, 1887.
1889.
1888.
9,555 574.102
1,684
13,701
dew Orleans 3?,239 1,425,546
Mobile
4,528
183,124
Florida
25
20,521
Savaimah ... 14,673 727,996
6,897 103,917
Bruns.,&c-.
Charleston ..
7,340 338,033
P.Boyal, &c
359
13,238
Wilmington
1,819
141,731
Wa8h't'n,&c
87
4,255
(forfolk
7,429 427,327
West Point. 10,930 328,311
NwptN.,&o
9,976
90,064
Hew York.... 3,638
64,28.;
Boston
3,149
57,99ir
4,516
Baltimore ...
52,635
1,483
Phll'del'a, Ac
33,851
606,664
33,933
29,840
43,278 1,447,568
3,421
191,492
253
22,297
8,626 794,261
2,700
64,108
5,543 366,066
454
12,469
1,876 163.641
36
4,612
5,521
412.627
10,883 347,435
1,610
89,826
4.663
54,041
3,094
59,9 24
1,637
24,164
650
21,541
353,713
42,498
360,607
39,279
78,519
73,028
32,003
38,463
5,351
14,422
47,310
39,419
126,347 4,600,714
99,5S3 4,632,736
909,697
923,683
tfalveston
5,333
. .
ElPaso,<&c..
.
Tttesd'y. Wednttd'y. Ttiurad'y.
7-33
o7-26
March
9,555
1,634
38,239
4,528
618
25
15,0(10
6.500
3.500
156,116
Total.
532
Florida
1888.
1889.
1889.
this
-pricep
1889.
Jan. 1.
8,
as indicated by our telegrams
Totals
Comparison for six seisoas
Receipts at-
1889.
Galveston
Mew Orleans.
MobUe
Savannah
...
Charlest'n.&c
Wllm'gt'n, &c
Norfolk...
Wt Point, &c
All others.
Tot. this
week
Since Sept. 1
1888.
is
509
5,090
24,566
242,433
13,000
21,390
14,979
2.i9,559
19,000
18,861
25.601
a? follows.
1887.
1885.
1884.
8,454
39,831
3.969
9,743
4,685
1,056
13,427
9,328
17,762
12,400
40,315
7,996
13,902
8,389
1,177
9,598
4,970
7,045
6,654
26.622
3,676
5.897
7,095
19,7( 8
5,333
43,278
3,421
8.626
5,997
1,912
5,321
12,493
12,997
7,532
2,063
8,528
6,743
38,967
4,338
5,989
7,093
1,338
10,526
5,887
25,040
126,347
99,583
108.257
105.792
63,621
105,921
11,239
38,239
4,528
14,673
7,699
1,906
7,429
20,926
1886.
5.'>4
4800,714 4682.736 4 91.639 4341,456 4235,398 4198,713
They were t»ken by a leading jobber.
The exports for the week ending this
reach a total
Kentucky tobacco continues quiet, the sales for the week of 145.070 bales, of which 10?,017 were evening Britain,
to Great
0,683
amounting to only 250 bhrls., mainly for export. Sied leaf to France and 31,370 to the rest
of the Continent.
Below are
tobacco continues rather quiet. There is some pro.'pect that
exports for the week, and since September 1, 1888.
the
the tax on it will be removed. Sales for the week are only
Week Endimi F.b. 8.
From Sept. 1, 1888. to Feb. S, 1889
865 cases, as follows: 200 casts 1887 crop, State Havana 120
ExvoTua. to—
Exporltd to—
Basporti
16c.; 100 cnses 1887 crop, New England H .vana,
McfflSii^eUreal
Oonti- Total
Great
ConM76 ca-ses 1887 crop, Peniifylvania Havana. 15@22i.^o.; 150 dees
Prance nent. Week. Britain. ft-once iwnt.
TdUU.
Brit'n.
.public.
1887 crop, Pennsylvanii seed leaf, 10@llc.; 100 cases
1^80
8}i@12c.; 140 cases 1887 crop, Wisconsin Uavana,9»4'@lli,^c., and 100 cases sundries,
5(g28e.: al-o 400
J^ u ^« *• '^ ®*^ ^°' *•"* 200 bales Sumatra, |l 20(3*3
CTop.do.do
OntheMetHl Exchange pries have have had a downward
tendency.
To-day there was a fair business in Strait's tin
for
tfl^^:^"', \V^ ^'"^ *'."<' '"^'« <^<*^"« in domebtic lead
at 8-75@3-80c for March, closing at the higher
figure.
In^oc
copper was dull at 16^c. for Like and
15>io. for G
Domestic spelur weak rt4-97>^c. The inteifor
iron markets
continue in the most unsatisfactory condition
Bpiriu turpentine is firmer at 463^c., closing
have been pretty active, with a gc^d businesasteady. Resins
to-day iu fiae
grades, I ut including good
at |1 07U'.
Refined
trc^ for exportquoted at7c.strainedmoreactive. butat r^v
Wool
MB
^^r
Oalveiton
New
....
13,577
OrleaoB..
48,45*
1,375
4,«0O
14,H51i
6a.63a
Kcolle
gavanliah
Brunswick
Charleston
6,933
...
WllmlDgtOD
Norfolk
We«l Point
..
5.oe'.
7,71^'
io,.iv, *;..v.ii
I,6i0,
......
6,063
....
Phlladelp'a'Ac
Totsl
Total 1887-88..
9<a
25.854
4,763
6,053
906
1,610
1.448] 28.918
e»\
4.83B
870
4.051
79j
i.soe
107,017
6,683
80,881
17.447
B0.5":.-.
.,710
eyMt
277.749
295,135
W9.1I0
179.v9i
273.356
82.162
22.171
65.1)58
lM.19i
200.504
m.sTO
4,p;i
2,0B9
08^1
22,665
100.747
187,&;5|
1,080
..
Nwpt Nws.Ao.
New York
Boston
Baltimore
TO1|
189.171 21.076
490.832 193,293
8J,162
82,482 11.542
::.••.*
R-j:-
S1,0»
aiS.IHIl
108,426
40,620
12,361
120,787
87,706
161.243
601280
LOOK
124.536
SOO
81,.«8
9,54»
111.186
31.362
7!)
402.331
122.e2S
79,009
24,813
40.630
!4&,070 1,916,976 295,309
953,650 3,170.03»
18,194 118.002 1.998.S87 290,840
963338 8.S4S.e«l
M
6
Fedrcary
1889
9,
THE CHRONICLE.
!
In ndditicn to above exports, our teleKramsto-nightalso kiv«
ns the folloA'iiiK iimoiintH of cotton on sliipboard, not rleareil,
We add Bimihvr figures for New York,
at the ports named.
which are ) repared for our special use by Messrs, Carey, Yalf
I
<>/
HI
c
193
Hales and Pricks of FtrnmBs are shown by the followmprehensive table
:
Lambert. 24 Beaver Street^
ft
On Shipboard,
Other
France. Foreign
.
None.
56,621
12.000
lO.vOO
6,100
12.100
26,500
15.H00
17.000
297.092
12.V00
»,100
1.514
4,500
7,400
4,000
8.699
None.
1,500
3.000
8,587
8.000
None.
None.
18,860
41,188
29.786
162.421
747,276
21 2-8
12.0»0
2.500
None.
...
Mobile
Charlmtou
BavauuHh
Ooatt-
18.160
None.
None.
None.
None.
None.
Oreat
Britain.
RewOrleaD'
not eltand—/or
Leaving
AT-
Ftb. 8,
..
OalvoHttm
Norfolk
l,«i)9
8.474
None
Stock.
Total.
M)ite.
30,4<»8
15,80^
72.119
vi.aas
20,S10
226,533
e2,2s6
Other i>oru....
14,000
7,800
13.000
Total 18b9
72.,'87
Total 188S.
Total 1887.
5%9S0
4,241
51.42.'5
18.812
134,428
211,880
50..^58
15,8«i)
160..^72
730923
7U0
?2-
000b
."*
UIO
ceo
Btrlct
6o(j<l
Btrtot
Ordinary
Orrlluary
inon Tnes
67,
738
8'',«
8'*,fl
Low Middling
Btrlct Low lilddllng
9^
9%
9>a
9\
8»18
9m«
9ifl
9-'8
9»8
978
908
9%
10
10
10
1038
1«»«
103a
10»8
%
9
66_
..
- -
lO^a
1016,8 lOiMe 1<>16,6
11»16 ll'ia 11»1S
y t>. 7%
Ordinary
Btrlot Ordinary.....
Good Ordinary
Btnot Good Ordinary
........
,
Binot Low Middling
Middling
Oooii Middling
Btnci Good Middling
Middling Fair
Fair
9'l8
9%
9%
7%
Wed
»''l9
?.>
9%
10
10
Id
1019
10>4
lOOg
lO's
lOk
lO^S
10%
10%
lo-'a
11
li:i
Il3l6
lOOs
10^8
OC'-'"'
R,"
I
0000
«| lb,
Ordinary
61.1,6
71a
Middling
18
9^18
6l<i«
713
8»,8
9'l8
a
iigadv.
Kii»y
Tne« Kjrm
We<l. 8t€jMty
Tbur. Bieady
Fri ..^Eaay
Total!
'a
ifl
adv.
Con-
port.
tump.
I
I
2
'^
«!>'•
I
I
&to:
I
wti
U0&
«^
I
toto
CDOO
2
*<
toot
8.*-;
1
;
a
>
MOCM^
«€•
99
toto
mO
^
•?
2
"
I
c66®ab
I
I
,
CO
oj,
I
00
lOM
2
«xt
».<=:
MM-^M MM<|M
I
totocto
obob^ob
t
OiOt
too
5
toto
o
"^
QOQO
CkOJ
«.^:
Cfl
)>
66
M*.
tctoo^
obcjo^ob
_toa5
*'_
toto
66
(rx^ob
5 9
2
1
o'
CO
«
I
I
to
-4
,
oo
SCO
I
2
**
».»:
o
toteoco
I
9.»-'-'
0606
vIM en
1
J
aob
'
h^^
OToCO
91
1
teto
teto
00
to
5
*
5
2
"
I
coo
oogo OC 80 CO"
totoO
to
to
toto
totoOtO
a*.
<
^co
totoos
toco
ff)6
MM ^
09 i?
9.»:
I
'mm
toto.
'
obob^cD
>
i--,^0^
_ to M _ 00
00 «.
:
toto
05
t,.
ai
00
a*":
toto
QOQO
99
5
2
^
_
MtO^tO Mlo'^tO
_-jM ^0_ 05 to 0_
CO 10
MMWM
COOO
ccoi^to
o_mo M
M^-XM
g oogo
o toto =
too
411
»-^
2
P
I
OOOO 0000
toto^a
I
00
^••^
teto
WM _0
00
CO
lotor;''
'
OQO
to
5
**
!
&»'
If.
K-tO
-4M_tO
MM ^"
00
MM >
00 IJ 00 5
"
66 ^ MO 2
OD^M^ MO
»<»
WMt
MmVm OOOO
M— O"
:
OOoO 000^
MmO OmOm
to
OO'
o
MIO -M
«lO 00
i(.
f^'-'
•«
2
*»
:
tocoos
'6 056 " 05
en
01
=>6
01
t^
1*
10%
10%
I
I
I
I
I
I
8
I
I
I:
I
1:
I
I
i:
I
11
11
ll^ie 115,8
I
I
>
^
9
1
811,6
9»18
I
I
«;
I
I:
li
I
I
I
I:
811,6
9»18
I
Id
I
I
1=
I
III!
I
I
3
I
I:
I
I
I
I
1;
I
I
I;
1^
«:
I
l:
I
li
8c-ptuiiilinr, 1888, for Sciitember. 165,300; Sep.
0<(t<ilif-r, 394,100* Sepleiulwi^Noveiuber. for Nov
885.500; Hcptenihor December, for December, 980,400 ; tSeptem*
'iQsladea saloa In
teniI>Br-Ociob(!r, for
euitier.
lier-January, for J..iiu.iry, I,b50,5v0.
Total.
Salei. \erie$
47,900
299 73,700
624 66,100l
849 14U,3l>'.'i
774
>'
60
10^
6ce
OCOm""
2
M
l(*.Ot_
"m
ote
5
2
10 la
103a
1,378
250 1,128
299
3^4
250
75
800
606
eit.
».»:
I
Spec- Tranul'l'H
2
9^8
BA LKS OF SPOT AND TRAKgrTEx-
IJ
00
06
813,6
The total sales and future deliveries each day duriog the
week are indicated in the following statement. For the convenience of the reader we also add a column which shows at e
glance how the market closed on aauie 'days.
.
2
M10*M
I
SrOT HASK£T
0LO8 '.D.
00
tscooco
cotaOto
A
too
b>
<
1
I
mmOm MM»M
OOOO OOOO
-
MARKET AND SALES,
.. .St<>.'iily
00
03
M..
0>»
6^,6 Si"" 615,6
7»8
708
708
0',s
OS
> '.—
«>.®:
I
00
to'eoto
toto® td
;>
iiia,gni3,giii3ig llii,, ll'»lg 111-18
Sat. non Tuea Wed Th. Fri.
.>Ild<tilng
woo
»,*:
I
5
2
"^
toio
toob
1
h-tC^ T
tilOM""
MMIOM MMoi»
OOCO
909
^IOm
I
I
-OS
I
Good Ordinary
Mou
»<»
I
H MtOM
7H
7%
<
totooco
ODOD^OO
o
t
tote
tcob
5
9
toco
00 > 00 !J CO
»- M
MM 9 ODOIM"' tfcO
_ OI-'
Goto
Fri.
loie
1038
•
tco>
a.°
«-•:
».-:
M—
MM —
coco 0000 OOoO OOOO
OCOo CC03_O
oo'^o
HtO to t3^ 01 MOJ tO_
o _0>
t
1111,6 ll"l«
813,6
9^,8
9'8
813,,
®»
ts
9?
>-o
<
9
"^
O ** t3
9
»''e
7k
7%
7%
•
O
CJtO
10»2
Til.
7>4
708
8'1,8
99
H*0
"
cooo
CJ.*-*
10% 10% 10%
1U,« lUift lUlg
lOU
,
BTAINED.
Bti let Uooil
71«
7»8
811,8
9'i6
708
......
liow Middling
Ix)w
nion Toes
Sat.
V
I
10%
lOig
UU,a
,
> to«
totos-o
obob^cB
to to <3 to
2
tc
00
2
OOoO tetooco
6606 totopto
w _o_
I
lOifi
lOig
101«
>«
I
H
teto
ODOD
t-'M
to
7ia
8»16
9',
1038
GULF.
7
1^
Good Middling
Btrlot Hood Middling
Fair
Fri.
7
»>!«
9=8
Hib,„
Mlddlliiif
Middling Fair
Th.
7>a
»»!«
8'',«
Uood Ordinary
Wed
7
e^R
73«
»,";
I
I
00^
CO
1009
6tD
oooto
OO^'B
totO§ffl
CbtO
to
toco^to
2
I
I
"m
>
> ^to
c
1 O--0 5
C0(O
(SCO.
—
e's
738
to
oOco
ecto
«^
totopto
<»
toto
^
dboo 2
h-t-i-"^
».'';
M
oc<s
A
Sat.
^Jlb.
Tt»S'
^06
;
Orrtlnpry
potto"*
». ":
I
rf.
»r:
I
tOtOQO
-j-i»-i
ai-
teto
5
9
tcob
to^**."*
•I
«r:
1
toto
^to
COtDOCO
tptooto
6bcD®ob
qD<l
(SO
^
2
-j.j
;^
M
w
toto
^
2
^^
e.««;
I
to to
considerably exceeded estimates.
On Wednes
day a smart advance at Liverpool wss. a great surprise
to th's market, and a quick advance of 8^10 points
slight further advance was
was the effect upon us.
feature of the businearly lost in the final dealings.
ness was the heavy buying for Murcb, by parties, it
was said, " who wanted the cotton." Yesterday an early
decline was nearly recovered. To-day the market opened
lower, in sympathy with Liverpool, then made a feeble
effort at recovery
presently again gave way under the
increased receipts at the interior towns.
Cotton on the
epot was quiet and nominally unchanged, after advance
of l-16c. on SiturJay last, until Wednesday, when there
was a further advance of i-^c, with more doine. The market today was easy at lOJ^o. for middling uplands.
The total sales for forward delivery for the week are 533,800
balee. For immediate delivery the total sales foot up this week
5,042 bales, including 1,431 for export, 3,419 for consumption,
143 for speculation and
in transit. Of the above
balee
were to arrive. The following are the official quotations for
each day of the past week Feb. 2 to Feb. 8.
UPLANDS.
da
"
tctoexs
cbob^ob
te
large, but
—
—
wo
Pi
tO-3
ts
«4
teto
oca>
2
0010
to
cgcd
(OO-
u
1
ICO
in prices
A
«'
-j-^
i
1
0000
».•«;
market
on Saturday last, on a demand
to cover contracts, stimulated by the strength of the statistical position and the smaller receipts at the ports.
There
was a further advauce on Monday morning, but intimations
of large receipts at the ports, together with a limited buying,
prompted free offerings, partly to realize profits, and the bears
felt some courage to put out contracts for the decline.
On
Tuesday rene wed strength was soon lost when it was seen
that the receipts at the ports were not only comparatively
madea smart advance
^=2S
OSS'
•
£**£•
u^
£»
to
QO
in cotton for future delivery at this
The speculation
w
W
2-i r
Saocoi
g a OS'S
789.2^6
73,274
Hew York
Bat
!
452
392
142
8941 99,300
9»8' 96,500
1,4811 3,419
142
....
....
...
....
5,042 523,8001
The dally deUverlea given above are aocaaUy del)vei«d
ynvloas to that on vhlob tbey a^e reported.
tJie
....
....
^p" Wo have lucliided In the above tivble, and sh.iU continue each
WeeK to give, Ihn uveniv'e price of fiiiurea each day for catli luouth. It
wiU be fouiut uadt^reacli <lay fiJllowiug the abbreviatiitn " Aver." I'iiC
average for uaoli luuutu for ilio week Is also given at bottom of table.
I'raiutfurable Ordorr— Saturday, 9'80o.:
Monday, 9'80o.: Xaeadttfi
9-80o.: Wednesday, 9-90O.; Thursday, 9 90o.: Friday,
80c.
Th6 following exchanges have been made during the week;
27pd. tocich. 100 .Mar. for June. 114 pd. to exch. 200 Feb. for AprO.
08 pd. to exch. 100 M.iy for June.
09 pd. to eioh. 500 Mar. for AiinL
15 pd. toexch. 400 May tor J.ily.
56 pd. to exoh. 2,000 Oct. f»>r July.
1 S pd. to eroh. 10
19 pd. 10 exch. 100 Moh. .r May.
Mar. for M^y.
12 pd. to exch. 900 June for Aug.
31 pd. to exoh. 500 Feb. for June.
26 pd. to cxoh 300 Miir. fur June. 10 pd. to exoh. -200 Moh. for AprU.
S7 pd. to exch. 300 Moh. for Aug.
'
day
i
:
THE CHRONICLE.
194
to-night, as
THB Visible Supply op CottonContinental made
stocks
up by cable
as well aa
as foUows. The
andteleeraph.
week's returns
thosTfofcre^t Britain and the afloat are this
do-n
is
a^e brought
the complete
exports from
for to-night (Feb. 8),
toi^
araitelstates>cluding in it^the exports of Fn^^^^
iXonsequently aU
the European
fis^jres
make the totals
we add the item of
But
to Thursday evening.
to
^^«
ISSl^ii=V.v;.
'^l'^
Total Qreat Britain stoo*.
Stook at Hamburg
Btook at Bremen
Btookat Amsterdam
Btock at Rotterdam
Btookat Antwerp
Btook at Havre
Btook at MarseiUes
Btook at Barcelona
—
Btookat Oenoa
Btookat Trieste
695,000
3,100
•;.''.!!!!
—
1-1,000
21,000
^}f:SS8
^^^
867,000
4,300
43,300
26,000
923,000
3,300
24,700
32,000
649,000
4,000
35,600
29,000
300
500
300
182,000
2,000
48,000
4,000
4,000
189,900
1.800
159,000
5,000
41,000
11,000
4,000
360,500
314,800
290,800
884,900 1,181,800 1,283,500 939,800
90,000 lf3,000 128,000
200.000
412,000 3 « 3, 000 534.000 441,000
28,000
34,000
47.000
54,000
909,697 923.683 891,495 1,044,762
423,134
317,022 333,472 300,323
11,291
37,269
10,673
10,275
Total European stooks....
India cotton adoat for Europe.
Amer. cott'n afloat tor Ear'pe.
Egypt, Brazll.&c.atltforE'i'pe
Stock In United Btates ports..
Btook In U. 8. Interior towns..
Onlted States exports to-day.
2,791,894 2,969,623 3,263,587 3 015,990
Total visible supply
Of the above, tbe totals of Imerlcan and other descriptions are as follows:
Atnet lean—
Uverpool stock
„„„
558,000
^3*-025
412,000
909,697
317.i 22
15,275
bales
Continental stocks
American afloat for Europe..
tTolted Btates stock
UmtedBtates Interior stocks.
United States exports to-day.
473,000
233,000
411,000
1 ,044,762
423,131
11,294
2,345,994 2,497,823 2,737,087 2,626,190
Total American
Satl I'utian, Brazil, de.—
Liverpool stock
London stock
Continental stocks
Till* afloat for Europe
,
.
„„„
193,000
11,000
,
179,000
27,000
128,800
90,000
47,000
133.000
4,000
55,900
200,000
54,000
Egypt, Brazil, Ac, afloat
Total East India, &o..
Total American
714,000
260,000
534,000
891.495
300,323
37,269
661,000
186,000
383,000
023,683
333,472
10,673
10(>,.500
1m3,000
34,000
157,000
19,000
57.800
128,000
23,000
446,900 471,800 526,500 389,800
2,345,994 2,497,823 2,737,087 2,626,190
2,791,894 2,969.628 3,263,587 3,015.930
Total visible srpply
5i«d.
5%d.
4ioied.
oSad.
Pftoe Mid. Upl., Liverpool....
gisc.
lOSsc
IQiso.
9iiac.
Price Mid. Upl., New York...
The imports into Continental ports this week have been
60,000 bales.
figures indicate a decrease in the cotton in sight
tonight of 177,731 bales aa compared with the same date of
1888, a decrease at 461,693 bales as compared with the corresponding date of 1887 and a decrease of 224,096 bales as
compared with 1886.
The above
.
—
At the Interior Towns the movement that is the receipts
for the week, and since Sept. 1, the shipments for the week,
and the stocks to-night, and the same items for the corresponding period of 1S87-88— is set out in detail in the following statement.
CI CO
f C*
o
p-
"^
ft-
C
*ti
Ed
'^
CLOSING QUOTATIONS FOB MIDDLDiO COTTON
Week ending
Feb. 8.
Salur.
Galveston
New Orleans
Mobile
9^
Savannah
Mon.
914
.
9iSie
9=8
.
. .
gTg'oiio
Charleston..
Norfolk
..
..
Baltimore...
Philadelphia
10
978
10
10 14
9«8»9Si
Augusta
MemplUs
958
9=8
9'^
958
St. Louis
Cincinnati..
Louisville...
9"l6
9%
9^
913
91a
10
10
9%
958
Fri.
10
915,8
911 a
ir-
10ia«i4
10
ON—
Thura.
931
9"ie
93i
9ili«
911,
1014®% louasg
lOiea^
10
10
10
10)4
1038
9%
978
1038
979
1038
979
93t
9\
9^
9%
9\
91I16
9»8
9"i«
9%
9%
9^
9!^
9%
958
9»8
958
911,6
Receipts from the Plantations.
Indicates the actual movement each
tions.
The figures do not include
9%
9%
9\
— The following table
week from the planta-
overland receipts nor
Southern consumption they are simply a statement of the
weekly movement from the plantations of that part of the crop
arhich finally reaches the market through the outports.
;
BtceipU at the Portt. SVk at Interior Towns. Bec'pts from Plant'iu.
Week
Bniint—
1887.
Feb.
1..
•'
8..
I
1887.
18S9.
18fS.
1888.
.
1888.'
1887.
18t0.
I860.
I
159.044 159,308 202.824 42!1.253 461.801 448.000
I42,915'l45.74l'l59.1I9 3S9.745 437.802 435,585
cl.
165.8S1' 105.103 149.178 368.423|423,>-S2 407.093
182,53x1 90.130|i:7.82l'S51.361,398,012|8S9,l)43
Jan. 4
" II
138,731 127.229 191. ^80
109.408 121.139
132,507 98.03S
117.4>54' 84,310
37;).558'301.280 118,004' 80,212
130.753' 9S.668 1^5.351 336,812
99.5'3m0.347 838.768 868.683 i<30,5ai 104.413 8J.890
IO8.257!
148,027
120,703
ieo,37i
128,960
101,629
—
1. That the total receipts from
the plantations since September 1, 1888, are 4,931,860 bales;
in 1887-!:8 were 5,037,569 bales; in 1886-87 were 4,879,377 bales.
2.
That, although the receipts at the outports the past week
were 126,347 bales, the actual movement from plantations was
only 101,629 bales, the balance being taken from the stocks at
the interior towns. Last year the receipts from the plantations
for the same week were 83,690 bales and for 1887 they were
1C4,443 bales.
The above statement shows
—
Amount of Cotton in Sight Feb. 8.—In the table below
we give the receipts from plantations in another form, and add
to them the net overland movement to Jan. 1, and also the
takings by Southern spinners to the same date, so as to give
substantially the amount of cotton now in sight.
1887-88.
1886-87.
1885-88.
Receipts attbe ports to Feb. 8. 4,600,714 4,682,736 4,594,039 4,341,456
Interior stocks on Feb S in
321,146 344,833 284,738 438,266
excess of September 1
C^
'
B g o SS- .H
o a ^ ^^
w- « m
R."
S&-5^^o
8«
!•«=
c? =>-_
of" g
-^
S 5
S
5-."
;E o5
a,
Tot. receipts from plantat'ns 4,921,860 5,027,569 4,379,377 4,779,722
689,58!)
792,413] 583,220 559,199
Netoverlaud to Feb. 1
Southern consumpt'n to Fob. 1 265,000 240,000 194,000 164,000
cb:
COM
»
o
--
CCX
5,876,449 6,059,982,5,656,597 5,502,921
Total In sight Feb. 8
I
^ ft v* w
O *• *- X yi c^
u> -•
c;
978
9>ll6
95b
9%
10
9^
10®10l8 10ia®'4
9i>8
I
9»8
958
9»8
9»ie
933
9>«
9=8
1014
Wednet.
9i3ie
97,B
99l8
Wilmington.
Boston
ritM.
|
IB
'
Quotations for Middlingi Cotton at Other Markets.—
In the table below we give the closing quotations of middling
cotton at Southern and other principal cotton markets for each
day of the past week:
1888-89.
S*
m
[Vol. XLVIII.
^
®* P *
fie
:
The aboT3 totals show that the old interior stocks have
decreo.«edduringthe week 21,717 hiales and are to-night 16,450
bales less than at the same period last year. The receipts at
the same towns have been 27,300 bales more than the same
week last year, and since September 1 the receipts at all the
towns are 81,351 bales less than for the same time in 1887-88.
400
1,200
217,000
3,000
37,000
4,000
8,000
300
900
95.000
3,000
41,000
5,000
7,000
Zotal Ciontlnental stocks
si§
n
,
.
;
«I0
i-*
"(TCiMw'i'iOtOUiCCC;'^
I
,
1
mo to Wy
3:
MM
Northern spinners' takings
ifrtOrf^
It* O «- CO O JD C'-C fO -^1 ;,T - c -'X K h^ *.
GOyCCCJj^pftOGtCaJO'h-'tfiwntaQDOGOCn
1,333,403 1,379,21211.184,362 1,239,070
Feb. 8
1
to
be seen by the above that the decrease in amount in sight toiil);ht, as compared with last year. Is 183,531 bales, the increase a*
oomparcdwith 1886-7 18 219,352 bales and the Increase over 1885-8
is 373.528 bales.
It will
j-j
« C *• OC p C" H> Ol
jr.
V»OC to
X -^ 0< OQC CD
M M S ^ ** CX
C O* — ^ 7. to O
UOC c uu
O — W ^ O *C T. OD X W 3. U X
CP
C * -^ C. X W
CO U X Cd c ts o
ex.
'Jl
~-l
r.
"^
Weather Reports by Telegraph.— Our advices from
the South to-night by telegraph indicate that the weather has
been quite favoraWs for the marketing of>cotton. Little or
no rain has faUen, but generally the tsmperatare has bean
slightly lower.
Galveston, Texas.— It has rained on two days of the week,
the rainfall reaching twenty-seven hundredths of an inch.
The thermometer has averaged 63, the highest being 60 and
iP» 'Ji t-t
ii>>
MH
•C
cmIo'—
:,TMM"i-.'>t.*oM 3:10*^
X •-
•"• i".
CJ
MfO; toaci-^MCCXO
M O — > 01 5
tco^^, :ot*corf^cj;*T-JX(&'U3xtox *S!
-^i— 01
00
M
Wrf^
H-J
pfc3^M-JMj
CO
M
cccnfvO;
*P* c-i 1-*Cb
1
rfk
JCIO
en
-jj
If^
CcXCtwOC^'^TifkC: •J'MyiCXtOO
s .
*>-
cold
X ic a» Ci XX
Ls
e X*4
1
1^
',
;;>
if>>
•
CO
0>
CO
c:^
f;
^ts
no
S S S "^ S i' i '^ "' ® " " K* "
»w
the lowest 46.
-="•
—
WiO o
1
1^
FalesUne, Texas, The weather has been dry all the week.
The thermometer has averaged 49, ranging from 36 to 60.
Ban Antonio, Texas. We have had one light shower during the week, the rainfall reaching one hundredth of an inch.
The thermometer has ranged from 48 to 60, averaging 54.
—
M
C
J
"5
X MO — O
-^l
";
r
.'S
"'"*'{"-"' ^ -'
~-
'="-** X !i i
00™
New
-^-"^
^: low
!0
lb-
M
0»M
f-K,
low.
CO
!
'
»-•
1
(CMS J5 (0;
P*3S X ^"O^
Si"
C7IQ0
Oi©
Utdat&3-
all
the lowest 29.
week.
flcorea for LeulavlUe in botli years are
have been without rain
Columbus, Mississippi.— 'So rain has fallen during the
The thermometer has averaged 86, ranging from 10
M
'Tto
— We
— We
I
c«OiOw^..^<|(^gotawo(otooooaM
O
Orleans, Louisiana.
the week. Average thermometer 42.
have had no rain all the week.
Bhreveport, Louisiana.
Tlie thermometer has averaged 45, the highest being 63 and
^^u
"net"
to 56.
:
Febuuary
9,
.
THE CHRONICLE
1889.]
Letand, Miatititppi.—'UbiTe baa been no rain during the
The thermometer has ranged from 20 to 86, averaging •12'6.
We have been without rain durSireenville, Misxissippi.
ing tlie week. Average thermomoter 47, highest 58 and
BMpmtnIt for
Oreat
past wook.
—
lowest 36.
Vicksburg, Mississippi. The weather has been generally
Emigration from South Carofair and windy all the week.
lina, Georgia and Alabama, especially from the first-named,
and from the Mississippi hills to the Yazoo Delta, is heavy. A
largo amount of new land is being opened up, and other preparations for farming are being made. Some small grain is
being sown.
The thermometer has averaged 49, ranging
from 20 to 67.
Little Rock, Arkansas. The past week has been clear and
without any rainfall. The thermometer has ranged from 21
to 68 averaging, 39. Last week's rainfall was eighty-three
hundredtlis of an inch. Average thermometer, 88 highest,
—
—
195
Britain.
Caloatto—
1889
1888
BMptnenU
<afk.
tite
Continent.
Oreat
tinea
Jamuurt !•
Britain.
Total.
Contineni.
Total.
1,000
2,000
4.000
3,000
10,000
10,000
11,000
6,000
21,000
16,000
1,000
1,000
1,000
2,000
3,000
2,000
i'.obo
4,00O
3,000
3,000
2,000
3,roo
2,000
10.000
9,000
3.000
4,000
13,000
13,000
8,000
6,000
22,000
22,000
16,000
10,000
38,000
32,00O
3,000
1,000
Uadras—
1889
1888
AU others—
1989
1888
Total
aU-
1889
1888
2.000
2.000
O.COO
4,000
The above totals for the week show that the movement from
the ports other than Bombay is 2,000 bales more than the same
week last year. For the whole of India, therefore, the total
shipments since January 1, 1889, and for the corresponding
periods of the two previous years, are as follows :
BXPOBT8 TO EUBOPB FBOM
;
ALI. INDIA.
;
64
;
1888.
1889.
lowest, 21.
1887.
BKivment*
Helena, ArkaTisas.— Snow has fallen on one day of the
week and it is raining now. The rainfall reached five hundredths of an inch. Average thermometer 41, highest 64,
lowest 23.
Memphis, I'ennessee.—Snow has fallen lightly on one day
of the week, but there h»8 been no rain.
Marketing makes
good progress. The thermometer has averaged 85, the highest
being 64 and the lowest 21.
Nashville, Tennessee. There has been no rain all the week.
The thermometer has averaged 34, ranging from 13 to 65.
Mobile, Alabama. There has been no rain all the week until to-day.
The thermometer has ranged from 38 to 61, averaging 44.
Montgomery, Alabama.—We have had no rain all the week,
but there have been three heavy frosts. It is cloudy today. Average thermometer 40, highest 63, lowest 21.
Selma, Alabama. There has been no rain all the week.
The thermometer has averaged 40, the highest being 55 and
the lowf 8t 33.
Auburn, Alabama. The week's precipitation has been
fifty-one hundredths of an inch. The thermometer baa averaged 39'J, ranging from 16-5 to 59.
Madison, Florida. It has rain»d on two days of the week,
the rainfall reaching one inch and»thirty seven hundredths.
The thermometer has ranged from 23 to 61, averaging 46.
Columbus, Georgia.— We have had no ra-n all the week.
Avtrage thermometer 37. highest 53, lowest 20.
Savannah, Georgia. It has rained on two days and the
remainder of the week has been pleasant. The rainfall
reached thirteen hundredths of an inch. The thermometer
has averaged 42, the highest being 62 and the lowest 24.
Augusta, Oeorgia.-Tbere has been no rain all the week.
The thirrmometer has averaged 39, ranging from 20 to 65.
Charleston, South Ccrolma.—We have had no rain all the
week. Tae thermometai- has avtraged 43, the highest being
—
—
—
—
to all
ass
Total
Above low-water mark
Above low-water mark.
...Above low-water mark
Above low-water mark
Above low-water mark
Mempbls
BaabrlUe
Bhrereport
Ickwnrg
203,000
38,000
15.000
6,000
94.000
32,000
33,000
4,000
133,000
31,000
241,000
21,000
126,000
37,000
164,000
Feet.
/n«A.
Fib. 9, '38.
Feet.
11
8
4
22
10
31
32
7
13
Inek.
5
14
1»
19
2
Liverpool and Alexandria, we now receive a weeklv cable of
the movements of cotton at Alexandria, Egypt. The following are the receipts and shipments for the past week and for
the corresponding week of the previous two years.
Alexandria, Egypt,
Feb. 6.
1888-89.
1887-88.
1886-87.
Beoelpta (cantars*)—
This week
Since 8ept. 1
70.000
2,378,000
53.000
2,658,000
75,000
2,622,000
ThU
Since
week. Sept. 1,
To Contilient
...
Total Europe
*
Thit
week.
9,000 186,000
t-,000 94,000
Erporta (bales)—
To Liverpool
This
Since
week. Sept. 1.
7,000:200,000
8,000 116,000
7,000 201,000
8,000 105,000
Sinet
AspCl.
17,000 280,0001 15,000|3 16,000 15,000,306,000
A oantar is 98 pounds.
This statement shows that the receipts for the week ending
Feb. 6 were 70,000 cantars and the shipments to all Europe
17,000 bales.
Manchester Market.
—Our report received by cable to-night
market is quiet for yarns and
firm for sheetings, and that the demand in each case is
give the prices for to-day below, and leave
poor.
those for previous weeks of this and last year for comparison
from Manchester
states that the
We
:
1888.
1889.
3H
32» Cop.
s.
88I18 @S«i6 6
d.
8.
97
01fl«7
1
1
I
2
a7
8I4 Ibi.
Shirtings.
Mid. 32» Cop.
Twist.
Vpids
lb:
Bhirtinga.
Jan. 4 77r •g3s 6
11 715,8«8''io6
" 18 7i6i«a87,„,6
" 25 715,(5*8T 06
Feb. I,?i5isa87,r, 6
'
Oott'n
d.
d.
1
1>2
]>2
\H
®7 \H
•87 2^
'*7
d.
d.
8.
Overland Movement,
ial
columns to-day
will
d.
8.
538
7% a8% 5 loigai?
7l3lB®8?18 5 9 •a>7
51a
59l8 7i3,^^y7^g 5 9 ©7
5 "a 713,|,»8''ie 5 9 ®7
51.2
7i3i8'a8'ie 5 H^al
558
7% »83e 5 8 -97
4
7
Sine*
Jan. I.
week.
Alexandria Receipts and Shipments.- -Through arrange
we have made with Messrs. Davies, Benachi & Co., of
IwM.
Fei>. 7. '89.
Since
Jan. 1.
ments
The following statement we have
Kew Orleaiu
week.
73,000
All other ports.
to 57.
I
TMt
Since
Jan. 1.
65,000
8,000
Bombay
«1 and the lowest 26.
atateburg. South Carolina.— There has been no rain all the
week. The thermometer has averaged 44, rang-ng from 27
also received by telegraph,
flhowing the height of the rivers at the points named at 3
c'clook Feb. 7, 1889, and Feb. 9, 1883.
ThU
This
meek.
from—
—
—
Europe
&c., to
February
1.
d.
Mid.
XTpldt
A.
3
2
m
6=8
5»8
5»8
1
— In our editor
be found our regular statement of
Jute Butts, Bagqino, &c.—There is a light call for bag- overland movement, receipts, exports, spinners' takings, &c.,
not hear of any important transactions. Prices
are quoted at .i^Syi^c, as to quality. Toere is som-i in(|uiry brought down to February 1.
for jute butts, and pricas are firmly held at
East India Crop. Messra. Giddum, Bythell & Co.'s report,
2'i(a)23i/ for
paper grades and 2}4@2-'^o. for bagging qualities.
dat-d Bjmbay, Jan. 4, says
Receipts of Bengals arc still small, and quality docs not show any imIndia C!otton Movkment from all PoHTS.-The
receipts
up-country
and shipments of cotton at Bombay have been as follows for provement over previous arrivals. Supiiliea In the pretty well markets
assured.
still keep up, and a favoralilc Oonini crop is now
ttae week and year, bringmg the figures down
In the Uroaeh district tlio ]>rolonfj:od absence of (lew Is causing gome
to Feb. 7.
anxietv, and lu some parts cf ihe IJliownuKftur district the want of dtw
BOMBAT
gmg and we do
—
:
BEOBIPTS AUD SHIPMENTS FOB FOCB TBABS.
Skipmenlt tnit
Tear] Oreal
[Brit'n.
Continent.
teeeh.
Total.
188R l.l,000,r, 1,000 65,000
1888 2.000|1S.OOO 15.0(0
1887 }2'S^2|2-'-*'0''r'3.OO'i
1886 13,000l 9,00o!i2.00o!
Accordmg
Shipments Since Jan.
Oreat
Sritain
Continent.
53,000 150.000
20,000 74,000
2S,000 105 000
30.000 80 000
to the foregoing,
1.
Total.
203,000
94,000
133.000
110.000
Reports from tlie Ubtiralso "felt, but not so seriously .18 In Uroacli
war. Western, and other cotton-growing districts continue favorable.
is
The Bombay Company's cotton report
Receipt*.
Thi$
Week.
73.000
41.000
36.000
34.0001
Bombay appears
Since
Jan.
1.
330,000
191,000
245,000
212.000
to show an
'^^^^ '*»' year in the week's receipts of
lo?i^nT,''*'™P?'"®*'
o~.ouu bales, and an increase in shipments
of 50,000 bales, and
wie Shipments since Jan. 1 show an
increase of 109,000 bales.
The movement at Calcutta, Madras and other India ports
for
the last reported week and since the
Ist of January, for two
years, has been as follows.
"Other potts" cover Ceylon,
luticorin, Kurrachee and Coconada,
of the
same date
says
All tlie crops are progressing well, and no nnfavorable weather is re
ported from anv of the cotton dlstricis. Flcklng is now in full swing,
and arrivals of all descriptions will be unusually early this season. Receipts are large, imt not so much in excess of last year as iu the previous
form gilt. Supplii'S now arriving are chielly drawn from the KhanlelsU
districts and the liorars, a considerable portion consistin;,' of machinegtnued Oomra cotton, which is taken up freely by the local niillers, who
prefer thU description to the unglune<l cotton, a prefcrcuce which is apparently not shared tiy Continental spinners, juilging by the smallne»8
of tlieir onlers for machine ginned cotton. A noticeable feature of this
year's receipts Is the arrival of lliiiach cotton so early in the season.
The llrst sample parcels of Broiu-li cotton are satisfactory as regards
oulor. but, as might be expected from the early pickings, the staple
Is not of the best.
Tlie dewy weather now prevalent In the Broach district will, it is expected, improve the laic arrivals as regards staple.
Sample bales of Bhinvmiggur cotton have also been rcceiviM, and are
satisfactory for llrst arrivals.
:
.
.
:
.
.
.
THE CHKONICLE.
196
8HIPPINQ News.—The exports of cotton from the Uniieo
States the past week, as per latest mail returns, have reached
108,596 bales.
^. ^ ,
,
per Bteamers Anglia, 774....Circa8
sia, 534....Cuflc, 6,142. ..Kngland, 2,738. ...Etruria, 239
Oei-manic, 1,713. ..Hipparcbus, 2,097.. .Lake Ontario,
21,^91
-^
2,478... Ohio, 2,5 13.... Gibers, 2,063
3,105
To Hull, persteamers Colorado, 2,905. ...Otranto, 200
2
Holland, 2
To London, per fteamer
ToLeitb, per steamer Critic, 1,456
}'S?a
Brctaene, 1,616
To Havie, per steamer La
'okq
fod
To Bremen, per steamer Trave, 253
101
To Hauibiirfr, per steamer Ehaetia (additional), 101
405
To Amsterdam, per steamer P. Caland, 405
ooO
Peunland, 650
To Antwerp, per steamer
39
To Genoa, per steamer Olympia, 39
steamers Buenaventura, 4,000
Hbw Orleans—To Liverjwol.per
8,572
... Emiliano, 4,572
8,044
To Havre, per steamer Nantes, 8,044
Sultan, 4,233..
7,850
To Bremen, per steamers A.vrshire, 3,617
200
steamer Nantes, 200
To Antwerp, per
5,980
To Barcelona, per steamer Hernan Oortez, 5,980
1,500
steamer Hernan Cortez, 1.500
To Malaga, per
1,013
To Vera Cruz, per steamer Josopli Oteri, Jr., 1,013
5,475
Bavannah-To Breauen, per steamer Gardenia, 5,475
3,399
To Genoa, per steamer Royal Welsh, 3,399
KonCharleston— To Liverpool, per barks Capenhurst, 700
3,200
oma, 2,500
2,717
To Liverpool, per steamer Pedro, 2,717
Galveston—
4,150
KORFOLK— To Bremen, per steamer Mon-en, 4,150
West Point— To Liverpool, per steamer Port Adelaide, 7,676... 7,676
3,350
To Bremen, per steamer Eagle, 3,350....'
367
KEwroET Nuws— To Liverpool, per steamer Canopus, 367
NorseBoston-To Liverpool, per steamers Catalonia, 1,126
3,175
man, 2,049
158
To Halifa.x, per steamer Worcester, 158
-.
50
To Yarmouth, per steamer Dominion, 50
Baltimore— To Liverpool, per steamers Oranmore, 3,602
Thanemore, 3,599
9,971
Peruvian, 2,770
200
To Havre, per steamer Gleudower, 200
1,397
To Bremen, per steamer Neckar, 1,397
386
To Eotterdam, per steamer Lero, 386
848
Philadelphia— To Antwerp, per steamer Switzerland, 848
108,596
Total
Kew YORK—To LlveiTpool,
Sales
Spec. & ezp.
500
Future$.
Quiet at
partially
1-64 dec.
1
Brem. Am'd'm
Hull,
Steady.
Mam-
pool. Leith. Havre,
7;676
wer». Genoa. T.Orvz. Total.
1,055
39
28,918
7,850
200 7,480 1,013 33,159
5,475
3,399
74
3,2C0
2,717
4,150
4,150
3,350
11,026
867
New York..
1,616
8,044
Savannah..
Charleston
Galveston..
Korfolk.. ..
West Point.
K'wp't Nws
3,200
2,717
Boston
Baltimore. .
Phil'delph'a
5»8
10.000
2,500
15,000
1,000
15,000
2,000
10,000
1,000
Qolet.
Qnlst.
Steady at
1-61 adv.
at
£-64 adv.
nrm.
Steady.
Bat., Feb. 2.
1-64
Firm.
Steadier.
nion., Feb. 4.
Open
BUh
Lav,.
d.
d.
a.
i.
d.
6 34
6 36
5 33
6 35
5 34
6 37
6 38
633
6 33
May-Jane.. S38
June-July.
634
6 82
6 ns
6 33
633
633
6 86
6 33
6 34
February...
Feb. -March
Mar.-Aprll
April-May..
July-Auff...
635 633
5 83
5 33
6 32
6 38
6 31
6 26
6 32
Aug.-Sept.. 5 32
September 6 38
63S
February...
Feb.- March
Mar.-Apill
April-May..
li.
d.
d.
d.
d.
i.
5.17
6 37
6 37
6 36
6.so
6 36
6 37
6 36
6 38
6 36
6 37
6 37
6 36
6 86
637
ixe 636
6 35
d.
6,17
6,16
588
6S«
686
6 37
CTot.
(L
6 37
5 86
6 37 5 37
6,17
638 638 6 37 6 37
5 35 535 6 33 635
635 635 6 36 635
538 888
6,18
6 37
6 38
6 36
6.15
8,15
68G 6^5
635
&3i)
6 40 5 40
6 39 6 40 6 30 5 40
6 38 6 30 6 38 6 39
6 38 531) •sss 6 39
6 33 S39 538 6 39
6 39 S40 6 39 6 40
6 39 6 40 6.39 5 40
5 36 ess 636 638
5S6 638 686 5 38
6 33
6 35
Thnrs., Feb. r.
Open Hioh low.
Fri., Feb. 8.
Open Bigh Low. ao,.
ClOM.
d.
610 6 40
5»7
5,16
6 34
5 32
5 32
Clea.
d.
6 34
Wednes., Feb. 6.
Open Hi«h LOV).
d.
635 6 36 5 35 636
536
6 86 636 635 6 35' 686 536 6»«
634 635
6 32
6 32
Tnes., Feb. S.
Open BiQll Loa. cut. Op<n Bi9h Lou.
i.
d.
d.
6 40
6 39
6 39
6 38
6 40
6 39
6 39
6 39
6 89
5 38
5 39
burg.
354
208
3,175
9,971
200 1,397
386
848
May-Jone..
Jttne-July..
July-AUK...
AuR.-Sept..
September
3,383
11,954
848
9.86022,576 2,489 10,918 1,221108,596
Below we add the clearances this week of vessels carrying
eotton from United States ports, bringing our data down to
the latest dates
GALVE6T<ffl— For Liverpool— Feb. 2— Steamer Princess, 5,280.
For Vera Cruz— Feb. 2— Steamer Whitney, 1,275.
HEW ORLEANS— For Liverpool-Fell. 2-8te»mers Author, 2,706 Editor,
Feb. 5— Steamers Areclbo,
4,020
Rosse,
For Odessa— Feb. 2-Steamer Oakdene, 4,200.
Brdnswick- F'or Liverpool— Jan. 31— Steamer Ross-shire, 5,000.
Charleston- For Barcelona— Feb. 1—Steamer Brunei, 5,608
Feb. 5
—Steamer Thane,
For Genoa— Feb. 1— Brig Emanuele, 1,200.
For Odessa- Feb. 5— Steamer Chancellor,
^Cotton freights the past week have been as follows
638
5 39
6 40
6 37
539
537
5 38
6 40
638
d.
d.
a.
6 37
6 37
537
536 6 37
638 638
6 37 537
:
;
;
.
.
.
5 37
5 37
5 38
6 39
6 36
5 36
5 36
5 36
5 36
6 36
5 37
630
636
6 37
638
6S9
6 87
535
6 86
5 36
6 35
BREADSTUFF
56.969 4,563
Total
Firm at
advance.
6 36
5 36
5 38
5 37
5 3S
6 85
6 33
d.
6 37
6 37
536
636
636
367
21,291 4,563
8,572 ......
N. Orleans
538
ly
d.
and Malaga mouth
Antand
ana
and
LonLiver- dontS
supplied.
5»8
The opening, highest, lowest and closing prices of futures at
Liverpool for each day are given below. Prices are on the
basis of Uplands, Low Middling clause, unless otherwise stated,
TA« price* are given in pence and eitht thus ; 5 63 mean
6 63 64<(., and 6 01 meam 6 l-64d.
particulars of these shipments, arranged in our usual
Halifax,
B'lona, Tar-
Freely
Firm.
business
dolns.
P.M.
form, are as follows
Kdam,
Steady
Friday.
'
Market,
4
5l>ifl
10,000
1,000
7,000
Wednet. Thurtd'y.
Steady.
513
XLVni.
Good
Fair
business
doing.
5»16
Steady.
SIld.Upl'dB.
—
The
Saturday Monday. Tuesday.
Spot.
Market,
12:30 P.M.
Market,
12:30 P.M.
[Vol.
Fbidat,
6 36
586
538
5 37
6 86
635
6 37
638
633
635
S.
P. M., Feb. 8, 1889.
The market for flour and meal has not developed any new
feature, except some improvement in the demand in a general wa^, and rather more steadiness to values of wheat flour,
especially on those days when wheat was firmer.
Stocks
are large, but the quantity coming forward not at all liberal,
while holders seem inclined to meet buyers and lighten
and
their loads, there is little diposition to make much concession.
To-day the market was quite firm, especially for the
trade brands.
The wheat market has been developing strength. At the
inside prices there was brisk buying to cover contracis, and
the general position of the staple began to revive the confidence
of the bulls yet buying was at times conducted quite sluggishly. There was, however, a greatly reduced line of sellers,
and parties who wanted to operate for the rise found themselves encountering fitful but frequent advances. To-day
there was some further advance, on a demand to cover contracts, but the bulls gave little support to prices, and as the
;
Hon,
Balur.
Uverpool, steam d.
DovlaGl'sg'w.d.
Havre, steam
e.
Do
sail
JVi.
-M
1532® I3
iSsjaJs
milling business
via Leithd.
Amat'd'm, steam.c.
Do via London.^.
Beval, steam
d.
gall
fell off
the market became weaker. Some
in No. 2 red winter at 97>^c. de-
was done
livered.
»2
52
V
52V
H
'a
52V
V
V
52
52V
»32®B,
^33®*18
52
H
»8
»32®5ie
'a
"is
Trieste, steam... d.
38
38
3e
Antwerp, steam d.
* Per 100 lbs.
>4
^4
>4
38
LrvEKPooL.— By cable from Liverpool we have the following statement of the week's sales, stocks, Sco. at that port.
Jan. 18.
week
bales
Of which exporters took
Of which spcculatotBtook...
Bale* American
ctual export
Forwarded
Total atock— Estimated
Of which American—Estlin'd
Total import of the week
Of which American....
mount ahoat
Of which Anieiioan
Jan. 25.
88,000
2,000
6,000
67,000
11,000
105,000
714,000
583,000
120,000
83.000
184,000
156,000
65,000
2,000
4,000
54,000
7,000
97,000
706,000
586,000
96,000
89,000
171.000
135.000!
Feb. 1.
i'eb. 8.
49,000
2,000
2,000
42,000
12,000
84,000
685,000
554,000
78,000
50,000
207,000
156,000
73,000
2,000
3,000
61,000
6,000
69,000
691,000
558,000
81,000
6S,000
229,000
161,000
The tone of the Ldverpool market for spots and futures each
day of the week ending Feb. 8 and the daily closing prices
ox spot cotton, have been as follows
:
MaydeUvery
delivery
0.
c.
July delivery
"16
38
DAILY 0LO8IKO PBIOBS OP HO. 2 BED WIKTSb WHHAT.
Sat.
Hon. Tuet.
Wed. Thurt.
0. 93
94',
94113
94%
95
o. 94)4
9578
95=8
96
96>8
97i8
delivery
95ia
0.
97>8
97
97\i
Febmary delivery
March delivery
Aiiril
d.
Barcelona,steam d.
Genoa, steam .. .d.
Bale* of the
demand
artificial
e.
Do via London. d.
'
Wednet. Thuri.
>4
is
Hamburg, steam.c.
Do
\
e.
Bremen, steam
Do
Tuet.
0.
Jme
96%
96%
9383
9338
9838
983s
951^
95>s
98ia
98=8
9473
95^4
98ie
9838
94i2
94=8
98»8
98%
Fri.
95%
ge''*
9814
9938
99»8
94^8
95^8
96
December delivery
0.
96%
Indian corn has steadily given way in values, the greater
depression being in the remoter deliveries, the decline in No.
2 mixed for May option being 1 J^c, per bush. Corn on the spot
and for March is less depressed, the offerings having been
met by a brisk export demand. To-day, however, while the
option dealings were liberal at soma further decline, lots on
the spot were steadier, tiiough quiet steamer mixed closing
about 42c. for March. The free movement of corn toward the
seaboard is favored by the almost total absence of wheat shipments,
DAn.T OLOBINQ PRICBS OF NO. 2 MIXED OOKM.
Sat.
Mon.
Tue*.
Wed. Thurt.
Fri.
„ ^
, ,
February delivery
0. 44i«
4473
44ia
433»
44
43>a
March delivery
c. 447^
4473
4438
4433
4379
44
—
April delivery
Maydellvery
e.
0.
45>8
4513
45
4473
4473
44=8
44>«
4413
44
43>a
43'9
43'4
June delivery
c.
44^8
433g
44^8
43>a
Oats have sympathized with the decline in com, and in
some
particulars the decline is relatively greater. The local
trade has been very dull, having suffered no doubt from the
strike of the car drivers, and the decline is greater on the spot
than in the options. The close this afternoon'is weak. ^
«
1
.
.
February
9,
:
THE CHRONICLK
1889.]
DAILY OLOaiNO FUOia or HO. 2 MIXED OATS.
Thuri.
Wed,
Mnn. Tue*.
flal.
Pehnmry
M«roh
.loUvery
<lBl(vi.ry
Si's
Si^a
3l''a
o.
fl2-rt
o.
o.
In ttore
3l\
Sm
30\
30.%,
»2
ai-ii
31
31
'*
dellvury
Fri.
Rye Hour, superUne..
2
PatenU
Boatbem aiipen
Boatta'n oohi. extras..
Waeat—
90
»! 25
»
2
No. 2 mixed
No. 2 white
Western j-ellow....
We»r«rn whir^^ ....
Buuchern white
40
40
a 44
Canada Xi>. 2
Two-rowed State..
44
Slx-rowed8tate....
Buckwheat
it
2 15
0.
5.S
a 60
33%»
43% Barley— C'nada No.l 82
42'a
76
74
76
55
a
•»
»
»
'3
311a
3.->
84
80
77
78
58
market is indicated in the
Btatement below, prepired bv us from the figures of the Njw
York Proluce Exchaoge. We first give the receipts at Western lake and river ports, arranged so a? to present the com
parative movement for the week ending February 2, 18fc9.
The movement
fUcHvU at—
of breadstuffs to
,
Wheat.
Flour.
vom.
OaU.
Barteii.
BMa.IUAIbi Btuh.eou» BusKSeibi. BMh.32lb» BiM>i.48 Ih Bu. S8 111.
678.410
292.227
31.178
82.3115
937.880
80.115
OUe««o
112,450
7.840
72,0(0
41,000
3'.75«
69 87S
lUlwaokee...
Dolath
13,4-;5
Mlnnespolli,
Toledo
2.31)2
Detroit
Glereland.
1.882
7.5H7
..
189.3B7
372.980
24,988
30,936
53,7J5
3S,408
20,000
....
81,914
99,900
24,092
921,995
38^,150
7,271,268
,
hn»n.
118.919
6.605
13,178
290,000
:
.THE
8 00
32
41'g'»
4i',492
1.2«9.,525
Barlfjf
bunk.
88.861
6,882
11,629
18,965
^,^
38
4-.'i«9
®
3
2iiJ«a
We8t'uiulxe<lNo.2.
BteatiuT .111. 2
"»
5 00
30139
SOHia
White
3105
» 44
05»
?6
88
bii.
Oats— Mixed
98
»1 05
75»
0.
Western
fl
Btate&Jersey
«1 08
959
3 00»
Bye—
o.
o.
Sprlnit, perbusti...
Bpnnu No. 2....~.105
Bed winter No. 2... 96
88
Bed winter
90
Wblte
Corn— West'n mixed. 38
2
bUHK.
397.374
66.H5t
311.461
10i.»9l
154,105
Tot. Fob. 2, '89. 34,874.338 13,323,294 8.001.816 1.698,091 2.384.180
Tit. Jan. 26, '89. 35..5ft.5,734 l.'»,227.6<)9 8. 120.300 l.«3 1.414 2.:-i78,76e
363,468 2,929,159
Tot. Feb. 4, '88. 41,086,646 7,817.070 5.4l)'.i,768
5. "87. 61.77O.0.U 16,460.538 4,885.2il2 436.383 2,197.484
Tilt. Feb.
6, '86. 54.19 7.015 7.251.352 1.824.39i 715,087 1,760,207
Tnt. Feb .
* Iiast week's stocks
this week's not rccolred.
2 50* 2 75
Fine
3 409 3 83 Com meal—
Western, Ao
4 00 a 5 50
_
Brandy wine
6 ij0» 6 85
3 00<» 3 45 Buckwheat Hour, per
100 lbs
3 50* 4 00
OBAOI.
Oatt,
buHh.
91.237
19 0"0
163.609
2,225. 107
2,200
33°8
9* 25
family brands
2 0.">* 3 40
3 3ii» 3 75
4 30* 5 7.5
Baiwrnnn
Baltimore
MtnneaiioUs
9t Paul
Corn,
Wheat,
biuh,
132.592
319.236
10.482
(ta Mississippi
Rye, barley and buckwheat are dull and nominal.
The following are the closing quotations:
rtouB
Fine
V bbL ?2 2.'>»$2 85 Soathern bakeri' and
BorlnK whual extras.
Minn, clear anil stm't.
Wlnteralitpp'uextrae.
virt....... V V »...! V V V
Winter Xi and XXX.
—
Kansas City...
32
!>2'9
3i'a
32>4
32
32=8
DAILT CLOSINO FRXCES Of NO. 2 WHITE OATH.
Wed. Thur$.
TutM.
Hon.
Bal.
3t»8
S*"*
....
Fi>bniarr delivery
Si'i
34*9
8*
....
o. 34^j
March dcUvery
May
at
Peoria
(ndnuiaimlls...
197
198
DRY GOODS TRADE.
Nkw
York, Friday
P. M.,
February
8,
1889.
Although there was some irregularity in th'4 demand for
dry goods the past week, there was a fairly active undertone
in the market, and new buainess, coupled with delivdries in
execution of back orders, reached a liberal aggrei2ate amount.
The demand for staple domestics and prints at first hands was
only moderate, but there waj a good steiiJy movement in
other cotton fabrics, as fine einghams, challips, lawnf, printed
Wholesale c'oth ers from the Westsateens, seersuckers, etc.
ern and near-by States were well represented in the market,
and their operation! in heavy clothing woolens for next fall
were conducted with a degree of liberality denoting ample
confidence in the muintenance of values and in the trade outlook. Foreign goods have displayed rather more animation
in first hands, and prices of some of the most staple sorts have
developed an upward tendency. The action of certain Western houses in announcing "cut rates " for a few makes of calioof B, staple ginghams, etc., has had a somewhat disquieting
etfect upon the local jobbing trade, but a fairly active business in staple and department goods was accomplished by
most of the leading jobbers.
Domestic Cotton Goods.— The exports of cotton goods from
this port for the week ending Feb. 5 were 4,411 packages,
valued at |220,8o8. These shipments include 1,655 to China,
1,025 to England, 400 to Aden, 375 to the West Indies, 367 to
South America, 275 to Africa, 119 to British North America,
110 to Central America, 56 to Mexico, 18 to Danmark, 5 to
Japan, 4 to France and 2 to British Australia. Since January
5.447
40,151
23,200
158.885
8,9 Itl
43
28,200
4,400
1
142,000
38.401
9,350
Of
9.994
,,
the exports aggregate 15,139 p.ckages, valued at 1859,111,
this total South America has had 4.782 packages, covering a
value of $306,815, and to China the shipments have been 4,054
53.009
1,087,183
418,187
133.942
859,084
2.452.931
Tot.wk.'g9.
For the similar period of 1888
packages, valued at $177,900.
41-1,933
7t),293
1.385,739
Baniewk.'88.
207.885
1,348.830
1.>J81.354
the exports 10 all porta reached 19,698 packages, valued at
2.5.83a
l,3i0.883
922.178
517,780
B«mewk.'87
173.318
1.320.129
$1,131,313, Chira taking 10,119 packages, of the value of
9tnce Aut. 1.
$469,880, while South America had 3,060 packages, valued «t
IWS-O
5.407.473 67.188.382 65,803.997 48.951,017 19.218,821 8.895.024
WbT-S
6.54'i.4rt7 7o,41?.7J5 48,562.310
43,204.189 17,991.987 1.301.291
$210,801. Tne shipments for the corresponding time in 1887
ll»<8.7
6.779.07S H4,a><o.l»7 51,288,1*0 .<I8.9I3.729 19.440.772 1,439,177
Were 18,771 packages, and in 1886 reached 24,480 packages.
The demand for staple cotton goods at first hands was steady
The receipts of flour and grain at the seaboard ports for the
but moderate, and a fair distribution of brown, bleached and
week ended Feo. 2, 1889. follow:
colored cottons was made (in package and assorted lots) by
Rye,
Oatt,
Flonr,
Wheat,
Corn,
Barley,
Fiae yarn brown co tons specially adapted
leading jobbers.
bntth.
bush
At—
hhtt.
bush.
bitsh.
busk.
New York
10.4^5 32^.100 347,000 153.740
5.600 for conversion purposes are largely sold ahead, and firm in
7<.721
Boston
4,750 107,680
41.560 15.401)
650 rrice, while other brown sheetings are generally steady.
36.012
Montreal
20.680
3.478
10,019
1.243
8,659
Bleached shirtings, cambrics and wide sheetings were quiet in
Fhlla<lelphia... 14,3 '0
1.200
15.967
57.630
59,270 35,200
hands, but prices are mostly steady. Colored
Baltimore
11.0. jO
2,150 demand at first
42,578
13,724 110.373
cottons, as denims, ticks, cheviots, cottonades, etc., were in
Blchmonil
2,900
25,9»0
25.510
17,576
Norfolk. Va
light request at unchanged prices. Print cloths were in steady
New Orleans... 10,873
!,250
294,430
18,990
demand, and closed firm at 4 l-16c. for 64x64 "spots" and
" and S'sC. for 56x60 " spots."
For later
Total week. ) 8 1,002
9,600 " near futures
83.185 921.968 5in,076 214.8S9
Oor. week '88.. 166,577
3,250 months, as May and June, thesa figures were shaded fiy man110.690 282.271 279,592 54,825
The exports from the several seaboard ports for the week ufacturers. Stocks last Saturday and for the three previous
years were as follows
ending Feb. 2, 1889. are shown in the annexed statement:
BULoals
18.287
Peoria
1,060
1889.
Xxportt
from—
New York
Wheat.
Com.
FUmr.
BiuK.
59,510
n^iKh.
Bhla.
Boston. ..
Portland.
Montreal.
Phlla.lel
16".6o6
50.541
38.78
5,360
90.906
N.Orl'ns.
L
N. News
Rlotuu'd
Feat.
BuiiK.
12,679
29.481
56,000 1.282.669
542,037
8,239
Baltiiii'ie
Tot.
605,217
157.677
24,695
Rye.
Buth.
Ou.lt.
2.663
20,862
8,800
3.087
703
500
131,510 2.711,434
142,243
3,087
32,325
472.056
180,814
1,361
2,411
B'me time
1888.
The
..
296.004
supply of grain, comprising the stocks in granary
at the principal points of accumulation at lake and seaboaid
porta, and in transit by water, February 3, 1889 :
visible
Wheat,
In tlore tU—
New York
butb.
8,744.292
Do adoat
1U5..5UO
Albany
1.000
3,062,753
Bnttulo
Do afloat
Ohioavo
4.438.327
893.654
Milwaukee
Dnlnth
l,40.i.2 .7
Toledo
1.811,108
Detroit
71(5,110
Oswego*
Louis
Do aUoAt.
Olnumnaci......
St.
Boston
Toronto
Montreal
Fblladelpbto
...
3,010,526
61,000
33.551
118.027
471.891
409,239
Com,
1888.
Feb. 4.
5,01-0
5,000
5,000
4,000
1887.
1886.
Ftb. 5.
F^6. 6.
17,000
40,000
50,000
15,000
87,000
4>i,000
256,000
25.000
None.
19.000 122,000 414,000
Total stock (pieces)
Prints ruled qaitt in first hauls, but there was a fairly good
business in printed and woven cotton dress fa^ric3, as sateens,
challies, fine ginghams, &c., and white goods and quilts con.
tinned to move steadily on account of recent and back orders.
—
4,300
w'k.
Feb. 2.
Stock 0/ Print Olotht—
Held by Providence manufrers. None.
None.
Fall River manufacturers
None.
Providence speculators
Noue.
Outside speculators (est)
Oatt,
buMh.
bunk.
3,249,361 1,783.989
73,600 120.700
41.500 139.300
230,017
31,584
18,000
2,418,548 3,414.7i'3
12.953
18.596
7,922
41,404
307.504
56.230
113.188
26,371
65.000
3,521.770 555,964
03,220
4,000
310,396
641 ',674
37.844
326,466
4.494
36,955
187,492
19,000
Rye,
Barley,
buitn.
biith.
.0
195,787
87,300
17.000
75,802
410,929
131,055
23,0
8'46.32i
233,537
40.046
6,047
87,777
96,000
2,143
76,0(10
211,094
225,8j7
Domestic Woolen Goods. The market for men's-wear
woolens has shown more animation, and a fairly satisfactory
business in heavy descriptions was done by most of the commissicn houses. Heavy fancy worsted suitings and trouserings were in good demand by the clothing trade, and fairly
satisfactory orders were also placed for piece-dyed worsteds.
All-wool, union and cotton- warp nassimeres were in moderate
request, and there was a fair business in overcoatings, though
some of the large wholesale clothiers have already placed the
bulk of their orders for the coming seas'>n. Prices for the
above named goods remain firm and unchanged, and some
popular makes of doeskin jeans were advanced during the
week because of the enhanced coet of wool. Flannels and
blankets were mostly quiet in demand, but prices are firmly
maintained.
Foreign Dry GtoODS.
92.304
410.00U
182,493
102,000
32,836
211.918
63,615
—
There was a moderately good defor imported fabrics by jobbers and retailers, and the
week's business was of very fair proportions for the lima of
year. Dre^s goods, also plain and pnnted silks, were in good
request, and there was a steady movement in linen goods and
ribtMns at firm prices, while hosiery and gloves were distributed with considerable freedom. The offerings at auction
during the week were light and unimportant.
maud
;
,
.
THE CHUONICLE.
198
^vn&t (SiompnnUs.
'gKust i£>omvKnizs,
Wyin^nciKl.
&
Union Trust Company Holland Trust Company, Irving A. Evans
OF
NEW YORK.
...
...
78 Broadway,
CAFITAI,,
SUKPLCS,
Rector St.N.Y,
91,000,000
3,000,000
cor.
Aathoriied to act as Bxecntor, AdminUtrator
QoATdiaD, Receiver, or Tmstee, and Is
A LEGAL DEPOSITORY FOR MONET.
Aooept« the transfer aKency and registry of stocks,
acts as Trustee of morttrUKes of corporations.
Allows Interest on deposits, which may be made
ftt any time, and withdrawn on live days' notice,
with Interest for the whole time they remain w 1th
the company,
For the oonvenience of depositors this company
also opens current accounts subject, in accordance
with Its rules, to check at slKbt, and allows interest
ADd
npon the
guchcbeclcs pass
resultlniz daily balances,
Wm. WhltewTlght*
Allows Interest on deposits. The longer the time
the higher the rate. Also interest on balances of
active aocounts of merchants and others, subject to
check as In any bank; lends money on promissory
note without endorser, and accepts New York City
or Brooklyn appraised first mortgages with title
guaranteed as collateral security.
Acts as Executor, Trustee and Guardian, under
wills, for the flxed statutory chargeB; also as Registrar, Trustee, Transfer and Financial Agent for
States, Cities, Towns, Railroads, and other corporations, and for Real Estate Mortgages with Coupon
Bonds In New York, Brooklyn, and elsewhere.
Collect Rents, Coupons and DlTidends,
,
James M. McLean,
Ambrose C, EinKsland,
James H. Oirilvle,
B. T. Wilson,
Wm. F. Kussell,
D. Wood,
James N. Piatt,
D. C. Hays
8. T. KairchTld.
a
I.
U. Krothiugham,
Oeortie A. Jarvis,
VanderbUt,
A. A. Low,
C.
Wm. Alex. Duer,
Charles H. Leland.
Bdward King,
B. B. Wesley,
D. U. McAlpIn,
GeorKC H. Carhart,
G. O. Williama,
R. G. Remsen,
Edward
Aniasa
Samuel
Schell,
Van Allen,
Warner Van Norden,
Hooper C. Van Vorst,;
James B. Van Woert,
G. Van Nostrand,
John R. Planten.
Henry W. Bookstaver
J. Parker,
F. Barger,
EXECUTIVE COMMITTEE:
Wm. Whitewright,
G.Q. Williams,
James McLean,
E. B. Wesley,
Geo. C. Magoun.
C. D. Wood,
D. C. nays,
A. 0. Kingsland.
KING, President.
JA.ME8 M. MCLEAN, First Vice-Pres't.
JAMES H. OOILVIK, Second Vice-Pres't
_
_
A. 0.KONALD8ON, Secretary.
A. W. KELLEY, Assistant Secretary.
United States Trust Co.
OF NEW YORK,
WALL STREET.
CAPITAL, AND SURPLUS, . «8,000,000
No. 49
a legal depository for moneys
is authorised to act as guardian
INTKREST ALLOWED ON DEPOSITS
which may be made at any time and withdrawn
after Hve days' notice, and will be entitled to interest for the whole time they may remain with the
•ompany.
Bzeontors, administrators, or trustees of estates,
jna females unaccustomed to the transaction oi
poslnesa, as well as religious and benevolent instltnti >n;, will dnd this company a convenient
depositk . .ory for money.
A.
STEWART,
l^esident,
9?2?.S? ?,'-'S»- Vice-President'
JAMES 8. CLARK.
Second Vice-t^est.
Wilson G. Hunt
CAPITAL,
HENRY
American Loan & Trust Co.,
113 BROADWAY, NEW YORK.
Capital, Fully Paid,
»1,000,000
THIS COMPANY TRANSACTS A GENERAL
LOAN, TRUST * FINANCIAL BUSINESS.
Receives money on Deposit, subject to check, and
»llowB Interest on balances.
All Chocks pass through the Clearing Bouse.
Makes Invest inents v' Money, acts as Executor,
Administrator, Guardian. Trustee, etc.
Also, as Registrar and Transfer Agent.
An authorized Depository for Court and CoontT
•^•u^t.j
Treasurers' Funds.
O. D.
BALDWIN,
President.
Vice-President.
J. 8. THURSTON, Sec. A Treaa.
GEO. A. EVANS,
DiBXOTOBS
H3,^.Ji'J*5°",^'*^'
Rowland N Uaiard,
..
??rii^,?-
",*"!.',
wfnJ^^f'^'i-
,.
h'"'''-
^^hi'f*.'.,-^"'"''"'"-
wnu.L
J!^
u
*."•..
il J^^i^-^""""""'
l^hn
n 'I'f**
JohS «;-.°"°*''
John noes,
Charles Parsons,
George A. Evans.
Granville P. Uawes.
•'"""i' 8-
Thurston,
Benjamin K.Tracy,
John S. Sliver,
'
"">>""•
! Ooodrtch,
Payson
Merrill,
Herman Clark,
Thomas C. Pl.tt,
Francis
York.
$].000.00O
PAID-UP CAPITAI., . .
»»'«'','" "Jpo-ltory'Vyord'er Of
iSS^ £S.^„ "?<»".« deposits of money on
Interest, act as Oscal or transfer agent,
or trustee
Bn'SiT/^nJ?'
J^^.^'K?"""'"'''"'""^'*"' ""» «ecuteany"w1
pnsu from persons "r corporationi, on as favoribK
"voraoie
tsrns as other similar companies.
THOMAS IIILLHOU8B
Prealdenl.
Co.,
139 South Fourth
Co.
Transact a
interest
Jr.,
Ormond French,
Kt., Philadelphia.
and other desirable Invest-
for sale.
general banking business.
on deposits.
ADow
Members of the Philadelphia and New York
Stock Exchanges, and connected bv private wire
with New York.
Wm.
&
G. Hopper
Co.,
BANKERS AND BROKERS.
38 Sontb Tblrd Street. Plilladelpbla.
Stocks and Bonds bought and sold on commission.
Dally market letter mailed upon application.
Private Wire and XiOng Distance Telephone to
New York.
scription.
Trustee for investment and management of real and
personal estate.
Deposits at interest subject to ch$eh through the Cleairing Bouse.
lieffiatrar
Rea
MoNTAQtJB A Clinton
Sts.,
Bb'klyn, N.Y.
...
exceeding
Co.,
AND
CAPITAL (all In U.S. Bonds)
SURPIiUB
&
Bros.
BANKERS AND BROKERS,
and Transfer Agent,
The Brooklyn Trust Co.,
Cor. of
.
SI, 000,000
1, 000,000
INTEREST ALLOWED ON DEPOSITS.
DEALERS IN FOREIGN EXCHANGE,
42S AVood Street, Plttsbnrg, Pa.
MEMBERS
New York and Philadelphia Stock
Exchanses,
PittsburK Petroleum, Stock and Metal Exchange.
Private wires to New York and Philadelphia.
Direct wire to Chicago Board of Trade.
This Company is authorized by special charter to
act as Receiver, Trustee, Dnardlan, Kiecutor or
Administrator.
It can act as agent in the sale or management of
real estate, collect interest or dividends, receive
registry and transfer boolis, or make purchase and
sale of Government and other securities.
Religiousand charitable institutions, and persons
unaccustomed to the transaction of business, will
And this Company a safe and convenient depository
for
'
money.
RIPLEY ROPES. President.
EDMUND W. CORLIE8. Vlce-Pres.
JAS. ROSS CURRAN. Secretary.
FREDERICK C. COLTON, Asst. Sec.
TRVSTEBS.
Josiah O. Low,
Alex. M. White,
A. A. Low,
Alex. McCue,
Mich'IChauncey,
Wm. B.Kendall,
B. F. Knowlton, C. D. Wood,
T. Martin, Wm. H. Male,
Kred. Cromwell, Ripley Ropes,
John P. Kolfe,
Abram B, Baylis,
E. W. Coriies,
H. W. Maxwell,
H'y K. Sheldon. J.J. Pierrepont.
John
Trust
Illinois
&
Savings
Bank,
CHICAGO,
This Bank
directly
Is
(Members of Baltimore Stock Exchange),
BALTI.MOKE.
(INVESTMENT and SOUTHERN SBCURITIHi
specialty.)
Correspondence solicited and Information fmQished.
N, Y. Correspondents— McKiM
is
Fisher
President
S.
PITTSBURGH,
5>i
ai-
...
John
J.B.ALKXAin>is,Pres.
Whitney
&
PA.
1871.
Stephenson,
BANKERS AND BROKERS,
:
No. 5T
POURTH ATENUB.
Oldest Plttabargh
•fohn J- Mitchell,
i^- Lelter,
L. z. P^i.^t'"'
8T.^BLI8BID
Gibbs, Cashier.
Wm. H. Mitchell,
John B. Drake,
r *?%*'i.®,V"'**''
Shaw,
BAiiTinoRE, no.
LEGAL
Wm.
James
&
authorized
Drake Vice-President.
H. Mitchell, Second Vice-President.
B.
WM. CHIOKI.IT SHAW.
Memhers Baltimore Stock Exchange.
•
J. Mitchell,
D. FISHSB.
INTESTMENT BANKERS,
A<i«Vrv^l,P'i**^*iS'.,?.^;n'=CLT(k.
ASSIGNEE for ESTATES TNniVTDTTAI^ and
''^"'^'"^•^LS on<l
CORPORATIONS.
OFFICFRQ
John
Co.
TBANBACT A GENERAL DOMESTIC AND
FOREIGN BANKING BUSINESS.
HECKIVSR and
John
BROTHEH8 A
Robert Garrett & Sons,
BANKERS,
No. 11 SOUTH STREET,
BALTIMORE,
under the Jurisdiction and
and
Co.,
BANKERS AND BKOKER8,
ILI..
I>7pos?TOR''J/,''''r''"K,"'' """"•'•''' »
UEPOSI'TOR) for Court Moneys,
&
Wilson, Colston
BICEARD
CAPITAI, AND SUrFLuS, . 81,123,000
INTEREST ALLOWED ON DEPOSITS.
a D. BildJ^""*'
New
&
Clark
Railroad, Municipal
81,000,000
DIRECTORS:
N. T.
H. W. Cannon, N. Y.
DIRECTORS
37 Wall Street,
W.
ment Securities
NEW YORK.
ST.,
New York and Boston.
BANKERS AND BROKERS.
President.
John 1. Waterbury, Vice-President,
Authorized to accept and execute Trusts of every de-
John P TnwnBArid
Metropolitan Trust Co.,
Exchange.
E.
John R. Ford.N. Y.
T. J. Coolldge. Jr., Bos.
N.Y. James O. Sheldon, N, Y,
E.D. Randolph, N. Y.
A. 8. Rosenbaum, N. Y.
C. F.Livermore. N. Y.
Sam'l R. Shipley, Phlla.
C. C. Baldwin, N. Y.
R. T. Wilson, N. Y.
Chas. F. Tag, N. Y.
John I. Waterbury, N. Y.
Henry Field. Chicago.
,'
I,
Dealers In Commercial Paper, Government at d
other first-class Bonds and Securities and Foreign
Private telegraph wire to
F. O. French,
R. J. Cross, N. Y.
H. L. Higginson, Boston.
TRUSTEES:
'•'". Lawrence,
[John C. Brown,
Clinton Gilbert. |Fr istus Cfirnlng,! Edward Cooper.
l>aniel I). Lord, S. B. Chittenden,
W.B'y'rdCutting
Samuel Sloan,
'Juhnll.Uhoades.lChas. S. Smith,
James I>«>w,
Anson P. Stoke". iWm.Roclcefeller,
Wm.W.Phelps, Robt,B.Minturii'T:Alei. E. Orr,
D. Willis James Geo. H. Warren,! Wm.U.Macy.Jr..
John J, Aator, IQeorge Bliss,;
Charles E. Bill,
John A. Stewart.
.,lWm. Llbbey,
|Wm. D. Sloane.
L. THORNELL, Secretary.
LOUIS G. HAMPTON, Assistant Secretary,
James Roosevelt,
Augustus Van Wyck,
J. W. Vanderhorst Kuyt.
WALL
No. 10
VTEYBOSSET STREET,
PROVIDENCE, R. I.
W. W. Van Voorhis,
George W. Van Siclen,
Manhattan Trust
August Belmont,
JOHN
Wilbour, Jackson & Co.,
No.
EDWARD
is
Joshua Wilbottr,
Charles H. Shkldon, Jr.,
benjamin a.jack80n, william binnky, jb.
ROBERT B. ROOSEVELT. President.
JOHN D. VERMEULE, Vice-President.
GEO. W. VAN SICLEN. Secretary.
Cbaancer M. Depew,
Geo.
Magoun,
B.V&n Rennsel'r Kennedy, W. Emien Roosevelt.
This company
Stock* and Bond* Bongbt and Sold
in all markets.
No, £3
Robert B. Roosevelt,
Henry W. O. Edye,
George M. Van Hoesen, Jotham Goodiiow,
William Dowd,
G«orge F. Hodgman,
William Remsen,
Peter Wyckoff.
r*.
paid into court, and
or trustee.
BOSTON.
MBMBER3 OF BOSTON, NEW YORK AND
PHILADELPHIA STOCK RXCHANQES.
BANKERS AND BROKERS,
John D. Vermeule,
John Van Voorhis,
Garrett A.
STATE STREET
No. 63
TRUSTEES.
TKnSTEBS:
Henry A. Kent,
Co.,
BANKERS AND BROKERS,
NO 7 WALL STREET, NEW YORK,
through the Clearing; House.
xLvm.
rvoL,
members N.T. Stock Bxohum.
jodn McCaffery,
Crerar.
H. B.
A.A.ALAXANDiB.CasIi'r
Texas National Bank,
BAN ANTONIO, TEXAS.
0OLLBCTION8 AMD INVBSTMBNTB
OorrMPOBdtto.
lBTlt.d.
MAO>
H.
MOBXHKAD.
B.
BTOOK,
Wm. Faiblbt
Morehead
&
Co.,
BOND AND NOTE BROKBB8,
No. 61 West
TUrd
OUICIItNATI.
Street,
OHIO
@FedFRASER