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FINANCIAL REVIEW. (ANNUAL.)  1B82.  COMMERCE, BANKING, INVESTMENTS.  WILLIAM B. DANA & CO., Publishers, OFFIC,E OF THE C,OMMERC,IAL A.ND FINA.NC,IAL C,HRONIC,LE,  79 & 81 WILLIAM STREET, EW  YORK.  ,,.  f' J I (i.  1 :..!  #  I  Entered, according to Act of Congress, in the year 1882, by WILLiill B. D.ANA. & co., Publishers of the COMMERCIAL AND FINANCIAL CHRONICLE, in the office of the Librarian of Cong.ress, Washington, D. C.]   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  CONTENTS Retro8p ect of 1881 ............................................. . Mercantile Failures. . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .......... . .................... . Hankin& and Financial-Statistics-Home and Foreign . ....................................................... . New York City Bank Movements .............. . ................................................................ . Commercial and Financial Affairs in Great Britain ............................................................... . Trade and Commerce-Commerce of the United States ......................... . ............................... . Comparative Prices of Merchandise, 1860, 1878-82 ....................................................... . Value of Exports and Imports and the Trade Balance, 1860-81. . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . .  . . . . . ........ .  Exports of Leading Articles of Domestic Produce for Four Years. . . . . .. .. .. . .. . . .. . .. . .. . . .................... . Imports of Leading Articles of Merchandise for Four Years ........................... : . . . . . . . . . . . ............. . United States Imports and Exports in Detail for 1879-80 and 1880-81. . . . . . . . . . . . . . . . . . . . . . . . . . . . . ... . ......... .  The Money Market-Review of the Market ................................................. . Prices of Call Loans and Commercial Paper since 1873 .......................................................... .  Gold and Silver-Production, Stock and Consumption of Gold in the World .................................... . The World's Gold Supply and Demand ............... . ...................... . ...... ............... . ............ . Foreian Exchanae-Prices in New York, 1870-81 ................................................................ . Investme nts and Speculation. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ........ . ................... . Compound-Interest Table, Showing the Accumulation of Money in a Series of Yee,rs ............. . .............. . Table Showing the Rate ~er Cent Realized on Securities Purchased at Di:fferent Prices ......................... . Stock Speculation in New York ................................................................. ............... .  IJnlted States Debt and Securities-Debt of the United States, 1791-1881 .................. . ...... . ............ . Prices of United States Bonds, 1860-81. . . . . . . . . . . . . . . . . . . . . . . ..  State Securities-State Debts and Immunity from Prosecution ...................................................... . Prices of State Securities, 1860-81. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  Railroa d s a nd Their Securities-Railroad Statistics for the United States ..................................... . Railroad Earnings. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ....................... . Monthly Earnings of Principal Railroads. . . . . . . . . . . . . . .. ~ . . . . . . . . . . . . . . . . . . . . .. . ............................. . Prices of Railroad Bonds, 1878-81. . . . . . . . . . . • . . . . . . . . . . . ................ . ............. . ....................... . New York Stock Market, 1860-1882 ...................................... .• ...................................... Prices of Railroad and Miscellaneous Stocks, 1860-81 ................. . Tile Investors' Supplement. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ......... - . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . APPENDIX.   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  THE  FINANCIAL RE.VI:EW. 18 8 2. RETROSPECT OF 1881. failures with $81,155,932 liabilities in 1881, against The year 1881 showed a further growth and develop- 4,735 failures and $65,752,000 liabilities in 1880. ment of that wonderful business prosperity in the United A speculative spirit pervaded the community which can States which began in 1879. The volume of transactions hnrdly be looked upon as a commendable feature. The far exceeded the year 1880, which already stood much in number of persons interested in stock and produce specuadvance of any former year, and the exchanges at the lation was probably much larger than ever before, and at bank clearing houses of twenty-two leading cities amounted the Stock and Mining exchanges, the Produce Exchange in round figures to 64 thousand millions, against 50 thou- and Cotton Exchange, the speculative transactions assumed sand millions in 1880. It appeared as if prosperity was such large proportions that the actual legitimate business exerting a constantly increasing force, and as if the great to cash buyers sunk to a mere insignificant percentage money-making of the two preceding years was having its of the total transactions. influence in pushing forward in a thousand channels the One of the most noteworthy changes in the foreign trade business enterprises of 1881. movement was the gradual decrease in the excess of The general success and large profits in business were exports over imports and in the gold imports during the perhaps the more remarkable inasmuch as the cereal crops last six months of the year, caused mainly by the smaller were a partial failure, and the country was called upon to supply of breadstuffs available for export from the United withstand such a shock as the assassination of its chief States, and partly also by the increasing demand for magistrate; but these drawbacks only served to show up the foreign goods here. But in the latter respect trade has undoubted strength of the commercial situation and the been surprisingly conservative, and under the rapid unlimited confidence in the stability of affairs. Never has increase in incomes both from business and from in vested there been a time when capital was so easily raised for property, the demand for foreign articles of manufacnew enterprises as in the tlrst nine months of the past ture was but moderately swelled, and home production year; the Government negotiation of 3½ per cent bonds in supplied to a great extent the widely extended markets place of fives and sixes was one of the most brilliant finan- for staple goods. The immigration of foreigners kept up cial operations ever known; and in railroads aloiae it is briskly throughout the year and the whole number coming probably not an exaggerated estimate to say t1at $400,- into the country for the year ended June 30, 1881, was 000,000 would hardly exceed the amount expended and 669,431, against 457,257 in the corresponding year of 1879-1880. definitely subscribed for roads under construction. Taking a general view of the course of events during The gross product of the year in manufactures was enormous, and from almost every department came the the year, we find that in the merchandise markets there report of a business large beyond precedent, and fre- was far more caution shown than in the previous quently of orders ahead for all goods that could be supplied year, and prices were not advanced to such extremes. The far into the year 1882. The larg11 production of coal and bitter experience of 1880 was not lost, as the prices of iron and the tonnage and gross earnings of the railroads iron and some other articles had then been so unreasonably reflected well the extraordinary activity il'l business move- pushed upward that the markets were flooded with the ments; but the net income of many railroads was cut proJucts of ·foreign manufacturers, and a collapse necesdown, in comparison with the previous year, by the severe sarily followed which was disastrous in its results. The winter, by the war in rates carried on by the trunk lines, worst speculation of the year was in breadstuffs, and and by the fact, which was of more general and lasting taking our short crops and the small stocks in Europe as import, that the expenses of operating had materially a basis for their operations, the speculators in Chicago and increased. Tn net income over expenses, interest and New York grasped the markets in August, and from then until November held control of them, crowding the }>rices rentals, the year 1880 must yet stand preeminent. Among the banks and dealers in commercial paper the of wheat and corn to such a point that exports were sericomments were most favorable upon the moderate supply ously checked and stocks greatly accumulated. In Noof notes offering, and both merchants and manufacturers vember and December the usual decline from such an artiwere believed at the close of the year to be in a particu- ficial movement followed, with the usual result of loss to larly sound and prosperous condition. The Merr,antile many who had been engaged in it. In compensation for Agency, however, reports a considerable increase in the the smaller crops and decreased export of breadstuffs from number and amount of failures, the total being 5,582 Atlantic ports, the large shipments of wheat from our rEntered according to Act of Congress, in the year 1882, by WILLIAM B. DA-YA & Co., Publishers of the" Commercial & Financial Chronicle," in the Office of the Librarian of Congress at Washington, D. C.]   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  RETROSPECT.  4 /  Pacific coast to Europe (exceeding m the later months 1,000,000 bushels per week) made an important item in the trade returns. At the Stock Exchange the volume of business was large beyond any former year, but this consisted rather in a steady movement than in spasmodic operations wherein the sales footed up an unhealthy total. The amount of new stocks and bonds added to the list wa.s very heavy, and the speculative operations in these new securities added largely to the brokers' commis• sions. The issue of stocks and bonds to represent new railroads constructed, and the vast increase in other stocks by scrip dividends, or by the sale of stocks to stockholders on the payment of a fractional part of their market value, added a large percentage to the whole amount of railroad stocks and bonds previously out• standing. For the purpose of showing at a glance the industrial and :financial statistics, which present a sharp comparison of the two years 1880 and 1881, the following table has been compiled. 1 880.  of S tatistics, ending with November 30, the course of foreign trade materially changed, and while the twelve months ending at tb.e last.named date presented a m@st favorable exhibit for the country, the last five months of that year, from July 1 to November 30, showed a. decided d~crease in exports, an increase in imports of merchandise, and a decrease in imports of specie, as compared with the previous year. The following table shows these changes: MERCHANDISE .  Y ear ending Nov. 3 0Total exports ... . ........ . .. .. ... .. .. . . . Imports . ........ .. . . ... . ............ . ...  1 88 1.  Coin and currency in U.S. Nov . 1 .... I $1,30'.?,798, 48 0 $1,455,fi31,000 Total clearings in 22 oities ............ $50,000,00P,000 $6J.,U00,0011,ooo Mercantile failures .......... . .... . $115 ,752 ,000 $81 ,l:'> 5.!:132 Imports of ~old and silver~........... . $75,54-; ,731 $83,30 ~,289 Exports of gold ond i-ilver .. . ... . ... . ... $20,3 2;').~53 $1 6,205,741 Exports of merchandi,3ek............. . $8 ,1,6'73, 2 l l $8 .') 5,3 66,262 Imports of m erchandise*. ..... . .. . .... $70!:l,03 -!,452 $6n0, 243,0 .j0 Excess of exports over imports*.. . ... $16:2,638,7 59 $195.123,'ll'! New railroad constructed . . . .... miles 1 7,17 4 (est.) 9.000 Gross earnings of 42 railroadst . . . . . . . $209,19 5,531 $ 240 .9 0 :!,5117 Wheat produced (estimated) .... bush. 50 0, UOO,OOO 400,0 00 ,0 00 Corn ............ . . . ............... bush. 1,720,000,00U 1 ,290 ,0 00,000 Cotton in year ending Sept. 1. .. . b ales 5,757, 397 6,51:'9 ,3:29 Pig iron . . ............... . ....... . tons 3,8:15 ,191 test.) 4, 500,000 Anthracite coal .... . ...... . ....... ton,; 23,437,21 2 28,5 0 0,00 0 Immigration of foreign Qitize ns ; . .. . . . 4 57, 25 7 669 ,4Jl  ···1  *Twelvemonths •mding Nov. 30. t On larger mi leage in 'ts 1. t Year ending Jtme 30.  The movements of coin and currency in the United States during the past three years since the resumption of specie payments have been observed with the utmost interest. The increase in the supply of the circulating medium, by the importations of foreign specie and the retention at home of the domestic product of gold and silver, and als8 by the increase in national bank notes, has been quite remarkable. The total increase between Jan. 1, 1879, and Nov. 1, 1881, amounted to over $ 400,000,000. Comptroller Knox m bis annual report remarks that the imports of gold in excess of exports, from the date of resumption to Nov. 1, 1881, had been $ 197,434,114, and the estimated gold production of the mines $ 104,1 50,000. The amount received from these two soqrces during the year ending Nov. 1, 1881, was $11 41 749,390. The following table shows the amount of coin and currency in the country on Jan. 1, 1879, and on N ov. 1, 1880 and 1881,-the amounts of silver and gold coin, which include the bullion in the Treasury, being the estimates of t he Director of the Mint: Jan. 1, 1879.  No~ 1, 1880.  Nov. 1, 1881 .  - -- - - - - - -1- - - - - - 1- - - - - -1- - - - - - Legal tender notes..... . National bank notes. . .. Gold coin . .. . . . . . . . . . . • . Silver <.1oin . . .. . ....... . .  $ q46,68 1,016 3 23.79 1,674 2713,310,126 106,573,803  $ 34 6,681,016 343,8 34,107 4 54,012,030 158 ,271,3 27  $316,681,016 3 60,344,250 5 62,fl 68 ,~71 186,037,3 65  Total.. ...... . ...... . $1,055 356,619 $1, 30 2,,98 ,480 $1,45 5 .63 1,602  The foreign trade of the United States presented ma!1.y interesting features. In the first half of the year the exports of domestic produce were heavy, the imports of merchandise were much below the corresponding time in 1880, and the imports of gold were continued on a liberal scale. The latter was a novel phase, and it was the first time that gold imports had been considerable in the first six months of the calendar yea:::-. In the last five months of the year embraced m the latest returns of the Bureau  https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  Excess of exports .............. . ... Five mon th s ending Nov. 30E xcess of exrorts . ... . ... . ... . ... .. .  1 8 81.  -  $ 8 55,366,262 660,243,050  -  $195,123,212 $45,608,717  I 1880. $871,673,21 1 2 I 709,034,45 --  $162,638,75 9  I $110,Ul8,22 'a  G OLD .A.J."in SILVER.  Year ending Nov. 30-  188 1.  E xports . .... . ... .... .. . ................ Imports . .. . . . .. .. .... . . . ... .. . .. .......  $20,3 :25 ,2 53 83 ,308 ,289  $16,20fl ,74 1 75,548,73 1  $62,983,036  $ 59,342,99 0  $ 2 -1,4 08 ,228  $:'r2,593,84 2  $74,1 8 8,1 2 6 28 , 1» 3.3 8 1  $63,6ij7,82 2 54,048,16 7  E x cess of imports . ... . ....... . ..... Five m, nths ending Nov. 30E xcess of impo rts . .. .. ........... .... Gold imports onl y12 mouths ending Nov. 30 . .... ..... 5 mont,hR endin g Nov. :::o.... . .. . .  1880.  ---- -  The drougnt in the summer and fall of 1881 was one o the longest and most widely extended that the countr had ever experienced, and this, together with the preced ing winter of extraordinary severity, caused a fall ing off in the crops of whea,t and corn and of all dairy products, producing a scarcity in supplies and leading t an aivance in prices which materially increased the co of living. But to the farmer who marketed his crops i the fall of 1881 the actual profits must have been quite a large as on the more abundant yield of 1880, an taking the whole crop of wheat and corn, as est mated by the Agricultural Bureau, we would ha the following approximate values on the average pric m1ing in New York fbetween Sept. 1 and Dec. 1 i each year: w~.eat-1880, 500,000,000 bushels, 1 ~81, 400,000,000 bushels, 1 880, 1,720,000,000 bush els, 1881, 1. 29 0,0 UO,OOO bushels,  Corn "  at $113 per at $1 45 p er at $0 55 p e r at $0 72 per  bush el. bushel, bu ,-hel, bushel,  $56:'\,000,0 $580,000,0 $946,000,0 $928,800,0  The grandest financial operations, aside from the Go ernment funding in 3½ per cent bonds, were in railro consolidations, and in the organization and carrying fo ward of new projects upon a gigantic scale. Early in t year the absorption of the American Union Telegraph the Western Union, under the management of Mr. Jay Gould and his associates, and the increase of the stock of the last-named company to $80,000,000, was one of the most successful stock operations ever accomplished. In railroad aonstruction, the actual mileage estimated to have been built by no means shows the real activity which was at work in this branch of industrial enterprise. The new road completed is closely estimated at 9,000 miles, and on the basis of $25,000 per mile this would call for an actual outlay of $ 225,000,000 in the year; but t his includes none of the capital raised for roads in progress and to be pushed forward in 1882, nor does it include anything for railroads building in Mexico with American capital. An interesting comparison is ohtained by bringing together the figures indicating the general :financial situation in New York at the opening of the present year and at the same date in each of the two preceding years. The following summary shows the condition of the New York City Clearing House banks, rates for foreign exchange and commercial paper, and prices of leading securities and articles of merchandise, on or about the 1st of. January in 1880, 1881 and 1882 .  5  RETROSPECT. STATISTICAL SmrM.ARY ON OR ABOUT JAN. 1.  1880, 1881 AND 1882. 1881.  1882.  1880.  1- - - - - - - - - - - -1- · -- - - - - - -1- - - New Yo1·k Oily BanksLoans and discounts .. ... . ... $ Specie ........................ :f; Circulation . ................. ·; Net deposits ...... _.. _........ · Legal tenders . _..... _.... . .... ' Legal reserve._ .............. $ Reserve held._ ... ___ . _....... $ Surplus ............ . ......... $ Money, Exchan,qe, SilverCall loans ..................... Prime paper, sixty days....... Silver in London, per oz....... Prime sterling bills, 60 days.. United States Bonds6s, 183 l, cou.(continued at 312) 6s, <mrrency, 1898 ... __ ..... __ . 5s, 1881, (continued at 312) .. . 419 , 1891, coupon .. ......... . 4s of 1907, coupou ........... . Rail1·oad StoclcsN ew York Central & Rud. Riv. Erie (N. Y. L. E. & W.) ..... . Lake Shore & Mich. Southern. Michigan Central. ........... . . Chicago Rock Island & Pacific lllinoi Central.. ............. . Chicago &Northwe tern, com. Chicago M:ilw. & St. Paul, com. Delaware Lack. & Western .. . Central of New Jersey ....... . MerchandiseCotton, Middl'g Uplands.~ 'lb. Wool, American XX ..... ~ 'lb. Iron, A.mer. pig, No. 1. .~ ton. Wheat, No. 2 red win.r@ bush. Corn, Westernmixed .. ~bush. Pork, mess .............. ~ bbl.  315,4.4.3,-100 297,756,700 276,706,200 57,78:2,500 58.0-17.900 49,282,100 20,162,-!00 18.408,200 23,748,600 289,8!J0,40u 272,-1-66,900 242,087,100 l5,:H2,000 12,796,600 12,723,500 72,4.72,600 68,116,725 60,521,775 3_,_,_~-1-_._:'l_O_o _7_0....:.,_13-1_4_._.;_o_o 61.005,600 1 2,727,7'i .:, 1,~51,l:IUU 483,8~5  _-_, 1  1  3@6+1sp. d. 6Wt:i19 511a 16d. 4. 81  6 5@512 515sd. 4 8112  6a>6+ 154p.d. 519-a>o • 527 16d. 4. 80¾-4 8112  10118 129 10~3g 11412 1175s  10112 133 10112 112 1123s  10414 122 1033g 10b3s 103  13018 405s 11214 85¾ 13112 12914 12514 106 127 9058  150 4818 13014 1~112 136½ 126 124 11014 107 83  12()12 4314 10014 90 149 9912 91 755s  8.!  ~O½i  11 7s  111516 129m 37@!5 371v4~12 -14W53 '.!5 50W27 c)O 2-1 00@26 00 33 001v35 00 l 41¾,-l 43¾ 117¾-l 1814 1 58@1 59 6-'>@71 541v58 ti0w63 17 5017!19 50 14 00 12 75@13 00  worked very closely, and stock brokers paid commissions, while Government-bond dealers were supplied on their collaterals as low as 3 per cent per annum. This ra.te, however, was abnormal, and was only made in consequence of the small supply of governments offered as collaterals for trust funds, &c. Upon the whole, it was remarkable that the supply of money throughout the year was so fairly abundant, as the demand was immense from the dealers at all the exchanges, and for new railroad and other enterprises.  ------------,---.,.,..-•-·-------·----Wkend'µ; Pl'ime  Prime Wkeu d •g Call Loans. Pa.pee. Friday. - - - - 1- - - - - - - - - - - J an. 7 .. 4 @6 5 @512 " 14 .. 4 @6 5 @512 " ~1.. 4 1v6 5 @512 " 28 .. 312'cl5 5 'a).;12 Feb. 4 .. 3 @6 5 @5t9. " 11.. 3 1v6 5 -a·6 '' 18 .. 3 @6 5 1c6 " 25 .. 3 @6 & 1 p. d. 5 @'>½! Mch. 4 .. 5 @6 & 14 p. d. 5 @ti ,. 11 .. 5 1i,6 5½!1v6 " 18 .. -l @o&l64p.d.5 1v6 " 25 .. 4 '@6 5 @6 A:r,ru 1.. ~ 1i)~ & 116 p. d. ~ 'a)~ 8 ...{ ·wo 5 @o " 15 .. 312WG 5 ·a>512 " 22 .. 3 @6 5 -a,519 .. 29 .. 3 '@5 412'@5 I May 6 .. 3 @6 4 @5 " l::L. 2 1v4 4 $4½! " 20 .. 2 '@4 312"@'112 "27 .. 2 •ti>4 3121v4 June 3 .. 2 @4 3 a>4 " 10 .. 2 @4 13 @4 " 17 .. 2 @6 3 •@4 " 24 .. 2 -a,312 3 w-1 Ju ;y 1.. 2 @4 3 @4  Friday.  Call Loans.  Paper.  - - - - ·- - · - - - - · I - -  July 8 .. 2½!@6 4 @412 " 15. 219@4 4 '@412 " 22 .. 2 '1v4 3 1il412 " :!9 .. 212@4 3 @412 Aug. 5 . . 2 1v4 3 @412 ,. 12. 2 @312 4 1il5 " 19 .. 212@6 & 316 p. d. 5 @6 " :.6 .. 5 '@6 & 116 µ. d. 5 @6 Sept. 2 .. 5 @6 & 115 p. d. 5 '@o •. 9 .. 4 '@6 5 '@6 " 16 .. 4 1v6 5½!·@6 ,; 23 .. 4 $6 i)121v6 " 30 .. ~ 1t6 & llF p. d. ~½iiil6 Oct. 7 .. :.> @6 & ¾l p. d o @G½i •• 14 .. 4. ·@6 & 116 p. d 6 @612 •• 2 l 3 '@o 6 @6½! .. 28 . . 4 1L6 6 @612 Nov. 4 .. 3 ·@6 6 1il612 " 11.. 312@6 6 1il6½i ·• 18 .. 31..,'17'6 6 @H19 " 2 ''l..:~191il6&132p ,d. H ·a,612 Dec. 2 .. 312w6 & lrn p. d. 6 1il619 " 9 .. 312@6 & 1s p. d. 6 'cl)6½! ·• 16 .. J½ia6 & 116 p. d. 6 1t6½i " 2::$ .. a @o & 116 p d. }: @6½2 " 30 .. 212W6 & 116 p. d. 6 'cl)6½!  BANK MOVEMENTS.  FOREIGN EXCHANGE.  The changes in the banks of New York City during the year are always observed "\\ith much interest. In the year under review it will be noticed that by the ninth of July the loans and discounts bad risen to the extraordinary figure of 352,856,800, against $293,428,500 in the preceding year. From this large total they fell off gradually, and at the close of the year were about $18,000,000 larger than at the close of 1880. 'rhe circulation was run down by the fear of the possible effects of the funding law, until it reached $15,448,500 on March 5; but from that point there was a rise, and the demand for new circulation increased the amount to $20,162,500 by the end of the year. In the items of specie an.d legal tenders the changes were not very important. . The following were t,he totals of the New York City Clearing House banks about the first of each quarter in the year 1881 and at the first of January, 1882:  In the first half of the yeltr 1881 the course of foreign trade was quite remarkable, and, for the first time, there was a considerable importation of gold between January and July. As compared with 1880, the most noteworthy change was the decrease in imports of merchandise, as the inflated prices in the prior year had led to a heavy importation of foreign goods, but, also, the exports of grain and other dome tic products from the immense crops of 1880 were very large in the first half of 1881, and rates of exchange were much of the time quite low. For sterling bills the prices were low in January, and after improving considerably by the 20th of February, the market became demoralized for some time by the flurry in money, and not until the middle of April was there a decided recovery in rates. In May, June and July, prices were firmer, but in August bankers fell off again to 4 80½ as their posted rate for 60 days sterling, and between that time and November the imports of gold were again quite large. Towards the close of the year, with a close money market, the rates of exchange were again rather easy. There was a general adrnnce of the bank rates in Europe, made in October for the purpose of checking the g0ld outflow, and throughout the balance of the year they were generally maintained at or near 5 per cent.  Loans and  - - , - - - ,,Die~~"~· Jan., 81. April, '81.. July, '81 .. Oct., '8;··· Jan. 1, 82  I Sp;c,e.. c, rn:•t n. I Dep;site. 1  ·  .  ,  Net  -97,756,,00 58,0 .. 7,900 18,408,200 272,466,900 300,288,100 57,611,000 16,713,500 :.175,495,400 350,4!-H, 100 176,4lfi,ti00 19,176,800 346,4ti6,400 33~,497,400 j5::,,~43,~00 jl9,859,l00i308,518,l00 31.::,,443,400 57,, 82,:-iOO 20,162,400 289,890,400  ~n:•~ Leo-al  12,796,600 12,710.500 17,112,300 1:,730,300 l.J,94Z,000  THE MONEY MARKET.  The year open3d with an easy money market, and from the first of January the supply of funds was quite ample at 4@6 per cent on call loans. There was no stringency in the market till the latter part of February, when an extraordinary refund ing bill vvas passed by Congress, embracing a provision which would prevent the natiunal banks from withdrawing their bonds deposited as security for circulation, by depositing legal tenders to meet these bills, iri the usual method. The banks became so much alarmed at this threatened restriction that they hastened to deposit lt•gal tenders before it should go into effect, and as a natural consequence the contraction put up the rate for money on call loans to 1 per cent a day on February 25, and almost precipitated a panic in stocks. The money market continued very active for some days, but after the bill was vetoed by President Hayes on March 3, there was a decided relaxation. In the latter part of March and early in April rates for call loans again advanced, and stock brokers paid a commLsion for ioans in addition to 6 per cent per annum; but after that time money was quite easy till after the middle of August. In August began the great speculation in wheat and corn in Chicago and New York, and the active demand for money again put up the rates till a commission on call loans was paid in addition to the legal interest. After a few weeks of tight money a relaxation again took place until October, when the accumulation of money in the Treasury had some effect in reducing the market supply, and the Secretary found difficulty in getting his funds out quickly by offering to pay called bonas. The market, under the same difficulty in December, again  https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  UNITED STATES BONDS.  The year opened with some uncertainty as to the measures to be taken by the Government to provide for the payment or renewal of its five and six per cent bonds falling due in 1881. A bill passed both houses of Congress for the issue of a 3 per cent bond, but it was so objectionable in some of its features that President Hayes vetoed it on M<t,rch 3, and the new Secretary of the Treasury, Mr.Windom, was left without any definite course being prescribed for meeting the obligations then soon to mature. Under these circumstances, and with due reference to the means under his control, the Secretary adopted an ingenious plan, which resulted m one of the most brilliant transactions ever known. He offered to the holders of the bonds coming due the privilege uf continuing them in registered bonds payable any time at the option of the Government, and bearing 3½ per cent interest. 'rhe holders availed themselves of this privilege, and the available surplus funds then and afterwards in the Treasury were applied to the purchase.or payment of bonds, and the fntire changes in the interest-bearing debt, and the saving of interest thereon, by the continuance and payment of bonds during the year ending November 1, 1881, as given in the report of. the Secretary of the Treasury, were as follows : · Amount.  Rate.  $178,055,150 401,504,900 39,6-14,-100 68,146,150 16,179,lOu  6 per cent. 5 per cent. 6 per cent. 5 per cent. 312 per cent.  Disposition. Continued Co!ltinued Redeemed Redeemed Redet-med  at ~12 per cent ... . at 312 per cent ... . or intere t ceased. or interest ceased. or iuterest ceased.  Total annual saving in interest . ....................... .  Yearly sav'g. $4,451,378 6.0i2,573 2,378,664 3,407,3u7 566,268 $16,826,192  6  MERCANTILE FAILURES.  The prices of Government bonds were relatively stronger MERCANTILE FAILURES F OR 1881. than ever before, and the supply in the market became more With t h e d ecided increase in mercantile transactions which and more scarce to meet the demand for exclusive investments 1881 has witnessP.d, there would very naturally be an increase in these securities. in the number of failures recorded. This, we say, would be RAILROAD AND MISCELLANEOUS STOCKS. The st9ck exchanges in New York and other cities absorbed natural, since renewed activity and a revived spirit of entermore than the usual attention, as centres of a constantly prise enlarges th e number of merchants, so that even the same growing financial business in which the whole community was percentage of diaasters continued would give an addition to the more or less interested. At the New York Board the price of total. B ut besides that, all industries have been for three seats advanced in the first half of the year to over $30,000, but yeari,, and are now more than ever, in process of ex-pansion, and fell off again in the latter part of the year when commission we cannot long expect to k eep the losses at a figure fixed business was less profitable. It was notable that the first six during a p eriod of stagnation, while these greater risks are months of the year had much the larger business, and for the being taken. The aggregate therefore, although showing whole year there wa& an increase in stocks but a decrease in some increase over last year's very small total, indicates a railroad bonds. The total sales of all stocks were in round health ful condition of trade. The results as given by Messrs. figures l13,000,000 shares, against 97,000,000 in 1880 and 74,- R. G. Dun & Co. for a series of years are as follows. Their 000,000 in 1879. The sales of railroad bonds amounted to $387,- figures fo r five y ears in detail we add at the close of this article. 000,000, against $570,000,000 in 1880 and $412,000,000 in 1879. Although the year 1881 witnessed the most wonderful consolidations, stock-waterings and other enormous issues of stocks and bonds, it may fairly be said that the year passed without a single collapse of importance in the market, and with out any depression which amounted to a sb.,,ck panic. There was no break even which could be compared to that of Nov. 1879, or May 1880, and this, too, notwithstanding such occurrences as the money pressure of Feb. 25, when loans cost 1 per cent a d:?.y, and the assassination of President Garfield on J uly 2, when the country was shocked to its foundation. The great strength of the leading operators who were interested in sustaining the market, and the general confidence in the prosperity of the country which caused a quick rally from every decline, were simply astonishing. In looking at the controlling influences of the year, we find that the winter opened with great severity, and in the Northwest the obstruction to railroad traffic had hardly ceased by the first of May. After the hard winter, came the partial failure of crops and the great drought throughout the West, which inflicted a further loss of business in the later months of the year. On the other hand, the movements of passengers and general merchandise, including the transportation of material for about 9,000 miles of new railroad, were so large, that the westem railroads kept up their gross earnings quite remarkably, and in many cases showed a considerable increase over 1880. In the last half of the year came the railroad war among the trunk lines, by which the rates between the West and the St'aboard were so reduced that the transportation between Chicago and New York was done at prices barely paying expenses. At the Stock Exchange the year opened with buoyancy, undP.r the intluences of the manipulations of Western Union Telegraph stock by Mr. Gould, which was advanced to high prices on the consolidation of the company with the American Union and Atlantic & Pacific, and the distribution uf 3S¾ per cent as a stock dividend. There was afterward no great feature until the end of February, when the contraction caused by the action of t h e banks in apprehension of the passage of the funding law with the "Carlisle" amendment, caused a money panic for a few da.ys and produced a very sharp decline in stocks on the 25th of February. There was speedy recovery from this as soon as money relaxed, and the confidence in stocks q uick!y re-asserted itself. Except the ordinary fluctuations of the market, there was nothing of great imp:>rtance from this time forward until t h e shooting of President Garfield on the 2d of July, whfoh caused a temporary decline; but as the next two days (Sunday and July 4th) were business holidays, the time given for reflection was sufficient to make a steadier feeling, and with a strong support at the opening on July 5th, it was soon shown that the danger of a panic was gone. In the last half of the year there occurre1 tJnly the usual variations of the stock market, until December, when the effect of the long-continued war in rates, together with a growing inter est on the bear side, with the belief that prices of many of the new stocks were too high, led to a gradual decline in stocks, which was shared in by most of the active list. The first decline was precipitated by a sharp fall in Denver & Rio Grande stock, under the attacks, as reported, of Mr. Gould, and soon after rame the reports of the Vanderbilt roads showing a heavy loss in net earnings, which were followed, on December 30, by the reporbed troubles in Wabash and the passing of its January divid1md on preferred stock ; and under all these influences the market closed with much depression a nd with many stocks near th e lowest p rices of the year.  https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  FA.ILUREB IN THE UNITED STA.T ES F O R TWENTY-FIVE 1 8 81 INCLUSIVE.  Year.  ---1857 .... . ... . . 1858 .. . ...... . 1859 ....... . . . 1860 ...... .. .. 1861. ... . . .... H:62 .......... 1863 ....... . . . 1864 .......... 1865 ........ . . 1866 . . . .... ... 1867 ... . .. .. .. 1868 .......... 1869 .. . . ....  YEA.RS-1857 TO  Fail- Am ount of ures. Liabilities.  Year .  F ailu res.  AmoUBtof Liabilities.  4,932 $291 ,7 50,000 4 .225 95,749 ,0 00 3,913 64.&9 -1,000 B,676 79,807,000 6,993 2Q7, 'l l 0 ,000 1,652 23 ,0 49 ,0 00 495 7,~99 ,900 520 8,579,0 00 17,6 :25,00 0 53 0 53, 7 3 ,00 0 1,505 2,780 96,066,0 00 2,608 - 63,694,000 2,799 7 5,054,054  1 870 .... ... .. . 1 871. . . ... .. .. 18 72 . .. .. . . ... 18 7 3 ... . . ... . . 187! .. ...... .. 1875 . .. ....... 187 6 ... . . .. ... 1877 . . . . .. .... 18 78 .... . . . .. . 1879 .. ... ... . . 1880 . .. .... ... 1881. ... .. ... .  3 ,546 2,91 5 4,069 5, 18 3 5 .830 7 ,7 4 0 9,0 92 8 ,872 1 0,47 8 6,658 4 ,7 35 5 ,582  $ 81 ,242,000 8 5,252,0 00 121 ,056,000 228,499,900 155,239,000 201,000,000 191 ,117,000 190,6 6 9 ,936 234,3 8 3 ,132 9 8 ,1-19 ,053 65 ,752,000 81 ,1 5 5 ,932  This statement shows that although the actual total was 847 larger in 1881 than last y ear, it is still 1,076 smaller than in the favorable year of 1879. No comparison can be made with the years previous to t he panic, as the conditions are entirely dissimilar. Looking at t he detail of this y ear's figures, i t will be noticed that t h e Middle States are less in number and in amount of liabilities than in any previous year, and that the increase in 1881 was mainly in the Southern and Western States. For the purpose of indicating this fact, and also the percentage of failures to the number in business, we have prepared the following table. Ea t'rn. Middle. South 'n West'rn P ~::!- 0 • Total. 1881.  Number in business. 87,325 241,373 118,606 291,34 9 4 3,036 781,689 Number of failures.. 772 1 ,372 1,439 1,50 4 4 95 5,582 Percent•~e of failures to No. m business. 0 884 0· 568 1 ·213 0·516 1·150 0·714 1880.  Number in bm~iness. 85,774 2 :} 7,062 109,821 275 ,672 3 8,494 746,8 23 Number of fa lures. . 723 1,472 835 1 ,171 5 34 4,735 Percent' ~e of failures to No. m business. 0 ·843 0· 621 0·760 0·425 1·387 0·634 1879.  Numuer in business. 82,337 230 ,537 100,57-1 25 6,583 32, 12 6 702,1 5 7 Number of .failures.. 970 2,290 1,076 1 ,608 71 4 6,658  pi~cw;.'~ J:&~~~ 0  1·178  0·993  J ·070  0·627  2·222  0·94  1878.  Number in business. 79,765 229,385 96,297 240 ,933 28,361 674,7 4 1 Number of failures.. 1,734 3,199 1 ,415 3 ,436 694 10,4 7 8  P<rocw;:ti 0£l~:&~~~  2·174  1 ·395  l'-ct70  1-426  2'447  1·553  1877.  Nnmber in business. 7 7, 7 24 224,70 7 9 1,783 231 ,557 26, 235 652,006 Number of failures .. 1,353 3,049 1,078 2,7 56 6 36 8,872 Percent'ge of failures to No. in business. 1·741 1 ·357 1·174 1·190 2 ·4 24 1·361  It is at firi-it sigh t a little remarkable that the agricultural sections, which have been making such large crops and profit,s of late years, sh ould be foremost in the additions to the list of disasterRfor 1881. A fact in a measure explaining this condition is found in t h e circumstance that in 1880 those sections were not only reported small, as all sections were, but were given a lso at a g reater decline comparatively from previous years t han other sections. Thus, in 1876 the failures in the l\fiddle States were 2,909 and in the.Western States 3,122; but in 1880 th e Middle St.ates recorded 1,472 failures and the W bStern only 1,171. The foregoing statement also furnishes an interesting exhibit of the ratio of failures to the number in business. And in that feature we h ave a further explanation of the posit.ion the West holds in this statement ; for even with the greater addition the present y ear to the number of disasters in the Western States, the percentage of failures to the number in business in the  MERCANTILE FAILURES. same States is still the smallest of any section, being only about ures have distributed themselves in reference to the different ·516 of 1 per cent, whereas the Middle States, which is the section quarters of the year, we give the following: next in order, ii ·568 of 1 per cent. With_,,regard to the South, ]881. 1880. 1879. 1878. the situation as reflected by these figures is not quite so satisFailures. No. Liabilit's No. Ll•bilit', No. factorily accounted for; but the whole result of the exhibit -- --------- ---Nor•bilitl~ ----$ $ $ for every section is very gratifying. For instance, in 1878 the F 1,761 24,4ii,250 1,432 12,777,074 2,524 43,112,66fl 3,85 82,078,826 1, !05 ld,499,31i5 1,065 20, l ll,689 1,534 22,666,725 2,470 48,753,940 percentage of failures to the number in business in the whole ~!~~ni~~;~fer: hird quarter .. 1,024 10,ll2,365 971) 12,121,422 1,i 62115,2i5,550 2,8513 M,378,3fl3 1,259 20,74,,815 1,338!17,01!4,113 1,800 37,172.003 country was a trifle over 1½ per cent, whereas in 1881 the F ourth quarter. 1,61!2 30,096,922 - - - -- --Total ....... 5,582 81,155,932 4,735 63,752,000.6,658 98,149,053 10,478 234,383,132 percentage was only ·71 of 1 per cent. To show how the fail-  rl•billt',  FAILURES IN 1881, 1880, 1879, 1878, 1877 AND 1876. 1881.  Numb'r in Busi[ness.  States and TetTitories.  --$  i  -87,325 --  Total Eastern ........  78,260 NewYork ................. 38,181 N. Y. City and Brooklyn 21,633 New JersPy ... _............ 64,256 Pennsylvania ............. 19,106 Philadelphia City ....... 3,522 Delaware ....... . .......... 13,402 r,faryland .................. 3,013 District of Columbia ......  241,373  Southeni.  i~~~:iiiiia~::::::::::: :: ifo~!1:.::::: :::::::::::::::  ~J:;t·:·:·:·:·:·:·:·:::::::::  118,606  Weste1~n.  18blciruiai1 'city:.::::::  291,349  781,689  No. Amount of Amount of No. Amount of FailLiabilities. Failures. Liabilities. ures. Liabilities.  87 62 63 335 1,0 95 158  772 11,071,156 429 388 77 250 134 7 75 12  461 415 89 291 131 18 53 14  785 8,389,378 519 13,303,969 143 1,201,086 522 8,242,64.9 189 3,086,116 14 186,137 85 916,874 33 207,982  796,600 417,748 , 59,736 4, ...,20,5(:)2 3,613,200 3,094,562 2,474,844.  $ 170 1,406,200 111 854.739 113 1,843,350 604 12,707,645 325 11,279,523 130 2,521,981 281 4.,680,588  ----  -- -----  I 4,851,074 14,674,314 4,536,346 1,85::t,522 4,341,787 73,200 2,484,!491 109,304  -- - - -  5,617,766 :.9,459,744 984,556 2,943,502 3,842,222 127,400 820,163 157,939  969 868 168 770 257 23 119 30  15,791,084 1,012 15,994.846 42,501,731 865 32,490,974 4,741,993 177 3,313,958 18,714,270 632 15,540,795 10,373,700 175 4,P46,443 15 193,000 281.500 3,603,6::!4 2,51-18,986 129 1,090,100 320,202 44  998 19,311,933 887 33,244,018 159 2,273,141 545 10,731,880 133 4,281,495 19 209,600 145 2,104,637 18 87,977  98 41 83 90 132 16 104 153 106 234 102 93 187  670,583 188,233 5Hl,874 684,558 2,379,548 223,352 2,041,340 1,942,129 1,604,577 2,713,920 952,532 1,083,413 1,393,353  187 48 78 108 37 209 77 75 73 163 55 262 132  1,292.067 1,507,806 683,2R9 585,718 1,980,700 1,750,>< 32 1,469,616 926,601 391,827 1,062,720 1,878,331 1,704,810 360,415  85 14 53 48 77 12 47 55 54 155 26 104 105  708,180 96,105 411 ,658 393.230 1,018,763 104,500 75!-1,694 700.549 706.262 1,493,210 340,072 1,030,000 1,051,219  8-t 27 100 73 86 19 24 76 90 159 48 138 152  848,666 124,000 1,000,290 2,497,740 574,323 120,077 202,109 991,374 4,752,557 1,223, 92 425 ,427 1,546,577 1,569,671  126 40 89 59 119 22 51 99 127 228 41 220 194  - - - ---  1, 19fi.615 } 159 369,011 1,067,200 70 1,781-<,522 66 3,738,1H4 103 133.288 11 874.062 43 1,073,660 86 4,830,462 61 2,733.725 138 23 407,653 5,905,756 227 2,205,873 91  1,312,705 489,569 1,168,501 1,181,631 J 49,000 690,000 1,079,986 89a,519 1,890,696 270,775 6,994,42Q 1,201,110  172 126 89 147 14 51 81 80 167 35 241 158  3,351,289 994,918 1,500,114 3,110,145 121,000 771,821 738.258 1,438,143 1,900.515 268.257 6,659,247 2,229,553  ----- -- -----  835 8,813,442 1,076 15,876,703 1,415 26,322,961 1,078 17,271,920 1,361 23,083,260 152 38 89 91 43 153 74 92 82 85 54 112 106  1,326,318 514,241 842,847 483, 02 780,154 2,285,266 560,207 495,555 1,807,969 429,972 1,186,216 446,953 359,919  260 74 122 194 83 179 145 152 128 83 56 66 66  3,230,176 1,177,699 1,509,791 3,396,480 2,237,300 2,063,894 l,886,345 1,121,900 1,241,697 284,394 2,444,000 392,043 221.800  515 10,799,300 216 7,570,311 374 5,2?8.549 470 7,672,9:'ll 36'.2 12.926, 00 369 6,627,709 163 2,317,382 400 3,428,100 149 1,052,403 101 1,036,416 167 4,171,300 44 647,902 106 8 15,400  5,866,818 373 3,710,584 126 5,718,700 35:t 8,117,091 454 206 10,065,300 8.0:32,9, 2 310 2,128,710 154 350 2,604,100 1,291,852 114 717,232 81 7,239,850 141 355,635 50 338,300 45  371 96 362 434 199 576 209 49L 13"l 84 83 48 37  5,414,893 3,191,349 4,787,401 6,079,710 9,164,200 9,736,852 4,307,314 3,909.080 1,565,684 1,272,737 2,618,557 435,900 93,600  --- - - - - · - - - - -- ------Total Western ........ . 1,504 15,594,732 1,171 11,519,419 1,608 21,207,519 3,436 64,309,503 2,756 56,187,074 3,122 52,577,277  Pacific and Territ01'ies. 239 Indian Tenitory.. . . ..... 3,702 Oregon ..................... { California ............... 19,345 San Francisco City ... . Uolorado ................... 7,657 1,514 Nevada .................. Utah ........... ... ........ 1,890 1,103 New Mexico ............... Wyoming ............... 517 817 Idaho ...................... 2,844 Dakota .................... 908 Montana ................... 1,647 Washington ............... 833 Arisona ................... 20 Alaska ....................  --43,036 ----  1876.  $ $ 149 2,037,400 138 1,916.450 70 762,728 48 559,255 96 7::!8,269 73 1,410.930 6,659,054 462 12,994,8·19 480 6,469,300 ,_ 258 10,510,000 130 114 3,599,607 188 6,079,056 314 5,821,649 197 4,186,548 --- ----- -- ----970 15,577,282 1,734 35,294,026 1,353 26,088,007 1,314 37,657,068  $  73 687,230 32 151,68-1 32 251,725 223 1,385,554 106 1,951,400 79 9,'i8,707 178 1,073,817 - - --723 6,460,117  Total Southern .. -· .... 1,439 16,469,412  0 55,790 { Indiana .................... 30,632 { Illin?iS ................... 55,335 Chicago City .......... 31,102 22,919 ~~~1!fn·::::::::::.:::::: 26,419 Iowa ....................... 12,505 Minnesota ................. {Missouri ................. 35,669 St. Louis City .......... 13,894 Kansas ............ .. ...... Nebraska .................. 7,084  ---  $  1877.  Total Middle ........... 1,372 32,924,538 1,472 33,953,292 2,290 35,534,191 3,199 95,293,466 13,049 77,173,750 2,909 72,244,681  11,605 6,454 7,868 North Carolina ............ 5,419 South Carolina ............ 10,478 2,576 7,050 6,352 8,988 '.~ 14,523 Texas ....... . .............. 6,096 Arkansas .................. 19,311 Kentucky .................. 11,886 Tennessee ................  ---  76 442,708 51 332,404 22 155,000 319 3,835,795 97 3,856,450 77 1,612,011 130 836,788  -- ---- --  Middle.  ---  1878.  1879.  No. Amount of No. No. of FailN?· IAmount Fail- Amount Fail. . .. of Failurea. Liabilitiee. ures. Liabilities. ures. L1ab1lihes. ures.  Eastern. 12,457 Maine ..... ·-····-·········· 7,655 New Hampshire ........... 6,664 v.,rmont ........ -......... Massachusetts .......... 40,816 Boston City ............ 5,258 hode Island .............. Conneoti,mt ............... 14,475  1880.  -- -·  296:214 33 169 1,437,000 1,353,000 106 687,479 97 267,000 24 18,200 10 51,500 4 4,000 2 63,000 4 121,108 12 68,000 4 99,593 12 630,000 18 .....  ......  71 674:342 184 1,123,700 111 1,795,iOO 540,500 78 41 541,900 64,000 9 35,800 5 9,000 4 49,000 3 19,000 4 27,500 5 80,588 13 44,700 6  ···-----  ·55 438,045 251 2,650,736 221 5,317,118 47 335,661 34 425,100 10 383,854 8 26,639 12 25,400 ------- ---]l 68.000 3 90,000 58 171,305 4 21,500  ---- ~ ---·---· ------------ - - ---- - - · - - -Total Pacific and Ter's 495 5,096,094 534 5,005,730 714 9,953,358 - - -·---- - - - - - - - ·- - --------  ·13 310 222 58 37 17 10 11  ----7 ---·3 6  ----  i7s:i5oo  6,899,539 4,700,591 541,542 419,797 121,050 63,900 62,050 ---- ---83,000  .ii3:goo 81,307  -------·  694 13,163,176  ....  29 288 163 58 56 11 4 4 4 8  ---·7 4  ------··  2(36,170 3,252,852 8,483,424 880,103 659,736 44,300 16,300 7,200 46,000 31,300 ------ -207,800 54,000  ----  34 169 79 45 25 1  ·--10  422:4i"6  1,670,973 2,202,698 505,582 206,167 6,000  i-40:900  3 10 3 6  30,500 83,400 75,000 203,86<l  ---386 - - - - --  5,555,500  25,523,903 :1,728  25,517,991  _di__ ~~?~~  636 13,949,185  Grand totals ........... 5,582 81,155,932 4,735 65,752,000 6,658 98,149,053 10,478 234,383,132 8,872 190,669,936 9,092 191,117,786  59,116 Dominion of Canada ......   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  635 5,751,207  907 7,988,077 1,902 29,347,937 1,697 23,908,677 ,1,892  BANKING AND FINANCIAL. STATISTICS-HOME A D FOREIGN.  I  BANKS OF THE UNITED STATES.  I  important statistics relating to bank and currency move d f rom h.1s exten d e d d • , ments. Th e f o11owing 1s con ense report· · Eig hty-six national banks were organized during the year ending November 1 last, with an aggregate authorized capital of $9,651,050, to which $5,233,580 in circulating notes have been issued. This is the largest number of banks organized in any year since 1872. Twenty-six banks, with an aggregate capital of $2,020,000 and circulation of $1,245,530, have voluntarily discontinued business during the year. National ban ks are located in every State of the Union except Mississippi, and in every territory except Arizona, the total number in operation on October I last being 2,182. This is the greatest number 01 banks that has ever been in operation at any one time. The total number of national banks organized from the establishment of the national-banking system-February 25 ' 1863-to November 1 of the preAent yt>ar is 2,581. lfrom • the establishment of the system to November 1 last, 340 banks have gone into voluntary liquidation by the vote of shareholders owning two-thirds of their respective capitals, and 86 have been placed in the hands of receivers for the purposA of closing up their affairs. The total amount of claims proved by the creditors of these insolvent banks iH $25,966,602, and the amount of dividf>nds paid to creditors is $18,561,698. The estimated losses to creditors from the failures of national banks, during the eighteen years since the passage of the act, is $15,240,000, and the average annual loss has therefore been about $346,000, in the business of co1rporations having an averagA capital of about $450,000,000, and deposits averaging about $800,000,000. Twenty-one of these insolvent banks have paid their creditors in full, and forty of them havE> paid more than 75 per cent each. The individual liabilities of shareholders of insolvent banks has been enforced in fifty-three instances, and about $2,700,000 has been collected from this source. During the past year dividends have been declared in favor of the credit.ors of insolv . :mt national banks amounting to $929,059, and the affairs of twelve such banks have been finally closed, nine of which have paid their creditors in full. There were no failures of national banks during the period from June 19, 1880, to N ovember 1, of the present year. Since that date the Mechanics' N ationai Bank of Newark and the Pacific National Bank of Boston, to which reference will be made hereafter, have been placed in the hands of receivers. The following table exhibits the resources and liabilities of the national banks at the close of business on the 1st day of October, 1881, the r eturns from New York City, from Boston, Philadelphia and Baltimore, from the other reserve cities, and from the remaining banks of the country, being tabulated separately:  I  $ $ $ $ Bills of other n>1.tional banks... . . 1,580,598 1.802,778 2,019,871 12,829.475 17,732,71 373,94. 240,585 54 971 40,426 37,964 Fractionalcurren'y Specie ............... 51.524,768 17.58-1843 17,256624 27,9 9,001 11433473 Legat tender notes 8,983.371 6,934,070 10,767.W8 26,4~3,002 58,158.441 6,740,00 020,000 lJ.-8- ctf.~. of'tleposit. 1,915,000 2.150,000 2,055,t,ool 16,115,75 ~ivep.c.red'nf'nd 1,016,8U7 2,543.414 1,rn4,34l-; 11,861,188 1,356, 60i,014 136,165 210,485 395,180 Duefr'm U.l:!.'freas Totals .. · · · · •••• 542,651,490 383,~83,603 26t3,350,8oo 1,165,601,498 2,358,8-,7,891  LIABILITIES.  -  iU~~:g~g i~:~g~jgg fg:~8A:¥&g ~~:~~:!8~ 1~:m:~~  2 Undivided profits .. 12,082,815 6,287,274 5,779,776 31,472,826 56,872,191 b'nirnotes 20,112,590 50,632,020 28,513,195 225,942,155 820,199,969 National outstanding State bank i:iotes o1';\~s;~~~i~~i>at'ci: 1 172,542 2 Individual deposits 295,692,013 168,-182,337 120,094,419 491,778,762 1,070,9 •7,581 487 422 24 6 8 8,476,61.10 5,410,405 tl , 8 :t,262,560 , Be~o~ii~o~i'ts g:~J:~2g 2,589,916 844,813 107,140 89,9'l4 dlsburs'g officers. fg g:~~~btin~s 104,089, 1tl1 45,523,22, 34,048,788 22,201,82.) 20 and bankers..... . 38,007,089 13,926,472 24,885,4:':2 12,228,508 89,047,-171 Notes and bills re~;I~g:i~~ 764,iSS 1,ffi•g~~ Bm:ci.;iy~\~1~·.. ::::: : Total ........... 542,651,490 383,788,608 266,350,800 1,t65,60l,498l2,358,387,89l  ~~~~\~~ slt~~f::.::: 0  ,5g5;~~§ s,ti:i~~  JJji~ ,sig:~M  cCs:  :g~:  I ::::..  COMPARATIVE STATEMENT  2:g~i:67,  OF THE NATIONAL BANKS YEA.RS.  FOR  SEVEN  The following table exhibits the r esourceR and liabilities of the national banks for seven years, at nearly corresponding dates, from 1875 to 1881, inclusive: Oct. 1, Oct. 2, Oct. 1, Oct. 1, Oct. 2, Oct. 1 , Oct. 1, 1875.  1876.  1877.  1 878.  1 879.  1880.  1881.  2,087  2,089  2,080  2,053  2,048  2,090  2.132  ------ - - - ·- - - - - - - - - .Jauks. Banks . Banks. Bauks. Bauks. B,lllkS . Bankl:l.  RESOURCES.  Loans .......... . Bonds for circulation ........ O~her U. 8. bds. Stocks,bouds,&c Due from IJanks Real estate ..... Specie .......... Leg'l•tend.nutes Nat. !Jank notes C. H. exchanges U. 8. certificates ·of deposit .. .. . uue from U. s. Treasurer ... ·.. Other resources  - - --- - - --- - - - M1l'ns. Mil'ris. Mil'ns. Mil't1s. Mil'11s. 1l[il'ns. Mi t'ns. 984·7  931·3  891·9  834·0  878·5 1,041·0 1,173·8  370·3 28·1 33·5 144·7 42·4 8·1 76·5 18·5 87·9  337·2 47·8 34·4 146·9 43·1 21·4 84·2 15·9 100·0  336·8 45·0 34·5 129·9 45·2 22·7 66·9 15·6 74·5  347·6 9-1·7 36·9 138 ·9 46 ·7 30·7 64·4 16·9 82·4.  357·3 71·2 39·7 167·3 47 ·8 42·2 69·2 16·7 113·0  357·8 43 ·6 48 ·9 213·5 48 ·0 109·3 56·6 18·2 121·1  363·3 56·5 61·9 230·8 47·3 114:3 53·2 17·7 189·3  48·8 19·6  29·2 16·7  33·4 16·0  32·7 16·b  26·8 17·0  7·7 17·1  6·7 17·5  19·1  19·1  28·7  24·9  22·1  23·0  26·1  --· --- ------ - - --- - -  Totals ...... 1,882·2 1,827·2 1,741·1 1,767·3 1,868·8 2,105·8 2,358 ·4. LIABILITIES.  463·8 12 ·1  Capita.I stock... SurpluR fund . . . Undivided prof-  504·8 i34:4  499·8 132·2  479 ·5 122·8  466·2 116·9  its ..... ········  53·0 319·1 679·4 179·7 11·8  46·4 292·2 666·2 179·8 10·6  44·5 291·9 630 4 161·6 10·4  41·3 44:9 301·9 313·8 668·41736·9 165·1 201·2 6·7 7·9  56·4 46·1 317·3 320·2 887·9 1,083'1 267 ·9 294·9 11·9, 8·5  l,74L'l 1,76n l,868-8  ~ 2,35~  Circulation..... Other Country Aggregate. Duetodeposit'rs New Yerk Phila. and reserve Due to banks . .. banks. City. Baltimore cities.* Other liabilities 48 banks. 102 banks. 87banks. 1,895 banks. 2,182 banks.  j Boston,  1  Other Boston, Country Aggregate New York Phila. and reserve banks. Baltimore cities. City. ---- - 1-banks. banbs 2,132 48 banks. 102 banks. ,87 banks. Jl,895  The report of the Hon. John Jay Knox, Comptroller of the Currency, for the year 1880-81, was full, as usual, of  Totals ... . .. .  ~ 1,827·2  454·1 114·8  457·6 120·5  $ $ RESOUROES. ~ $ .1 $ 1,169,022,808 PROPORTION OF BANK CHECKS, BANK NOTES AND COIN USED IN Loans and disc'nts 246,757.659 211,814,653 184,4 6,498 57G,048,493 4, l ~8,143 4,773,780 3·6,897 55,507 118,738 Overdrafts .. ..... .. 368,835,500 LONDON, FROM DATA PREPARED BY SIR JOHN LUBBOCK. B'ds for circulation 22,991.lSOO 57,290,800 27,847,100 255,206,100 625,000 3,848,000 10,247 oco 15,540,000 820,000 Bonds f nr deposits 24,298,350 40,972,450 The first information given to the public as tot.he amount U. t;. bonds on hand 7,854,0JO 2,518,050 6,302,000 86,482,409 61,896,703 7,3·6,271 4,614,456 Other st'cks & b'ds. 13,413,567 20,866,093 111,767,054 9~,3:.15,086 lS t,968,183 and proportion of checks, bank nctes and coin used in the busi...... Due from res. agts. ness of banking, was by Sir J ohn Lubbock, an eminent scientist Due from other na38,965,738 10,479,467 78,505,446 and banker, and President of the London Institute of Bankers, t1onal bank~ ...... 19,911,oe,5 14,148,191 Duefr'raotherb'ks and bankers ...... 3,278,155 1,496,037 8,775,495 10,757,140 19,806,827 and was based upon the business of his own bank during the Real estate, furni25.285,916 47,329,111 last few days of 1864. His statement, given below, is copied ture and fixtures. 10.760,838 6,789,lttl 4,598,l!l7 4,006,HJ9 6,781,986 844,558 792,088 a paper read by him before the London Statistical Society, Current expt'nses .. 1,089,101 860,495 247,164 1,061,797 Premiums · ·oiiie; 2,4"',lSOI 4,138,586 from in June, 1865, entitled "Country Clearing," and published in Checks and 9,886,723 14,786,026 the journal of that society for September, 1865, to whose tables cast\ items ....... 2,518,144 1,837,655 1,048,504 Exch'nge!lf'rclear879,867 189,268,109 I have added the proportions of checks, bank notes and coin : 14,592,607 ing house ......... 146,597,218 27,198,422 ..  • The reserve cities (m addition to New York, Boston, .1:'hiladelphia, and Baltimore) are Albany, Pittsbm:g, Washing~n, ~ew Orleans, Louisville, Cincinnati, Cleveland, Chicago, Detroit, Milwaukee, St. Louis and San Francisco.   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  In order to µ.i.ve the proportion of the transactions of banJrnrs which passes through the Clearing House to that which does not, I took the amount of £ i 3,000,000, whieh passed_ through om hands during the last few days of last year, and found that it was made up as follows ;  BANKING AND FINANOJAL. Clearing .................................. £16,346,000, or 70·8 per oent. Checks and bills which did not pass through the clearing................... 5,394,000, or 23·4 per cent.  ~~~~~~-------------·.-.·.·_·_-_-·_-_-_::::::::::::::: l,gi:ggg; g~ t:~ ~:~ ~~~t 79,000, o:r 0·3 per Cent.  Country notes............................  ------  9  silver coin, 0·005 of one per cent; of paper money, 0·65 of one per cent and of checks and drafts, 'including clearing-house certificates, 98 ·8 per cent. 'l'he percentage of gold coin received in 15 other cities was 1 ·86; of silver coin, 0·18; of paper currency, 5·01, and of checks and drafts, 92·35. The percentage of gold coin by the remaining banks in the country was 3·31 ; of silver coin, 0·68 ; of paper currency, 14"27, and of checks and drafts, 81·74. The receipts of the 2,132 banks together show a relative proportion of gold coin, 1'38; of silver coin, 0-17; of paper currency, 4'36, and of checks and drafts, 94·09  Total .... .. ........................... £23,095,000, or 100·0 per cent. It woul<l appear from this that out of each £1,000,000, rather more than £700,000 passes th1ough the clearing. The i-econd amount given above, £5,394,000, includes, or coursl', the transfers made in our own books from the account of one customer to that of another. These ~~~t;g.d t°m!~~%~~~~t~~-i~t~odte~ie!;: 791,000, representing the In order to ascertain the proportion of payments made in bank notes CHECKS AND DRAFTS IN THE PRINCIPAL CITIES. and coin, in town, I ha,e taicen an amount, £17,000,000, paid in by our London customers. This was ma<le up as follows: The following table shows, for June 30 and September 17, the Checks and bills on clearing bankers .... £13,000,000, or 77·4 per cent. Checks and bills on ourselves............ 1,600,000, or 9·5 per cent. number of banks, the total receipts and the ratio to such total Checks awl bills on other bankers....... 1,400,000, or 8·3 _per cent. oi the checks and drafts received in Hew York City and in fifBank of England notes.................. 674,470, or 4·0 per cent. teen of the other principal cities. Country bank notes...................... 9,570, or O·l per cent. Coin............ . . . . . . . . . . . . .. . . . . . . . . . . . 117,960, or 0·7 per cent. June 30, 1881. September 17, 1881. Total ............................ ... .. £16,802,000, or 100·0 per cent. ProporProporThe above amount of bank notes, small as it is, must, I think, be still NumCities. tion of Numtiou of further reduced. All the clearing bankers have accounts at the Bank of oer ber Receipts. checks, Receipts. checks, England, and, as we require notes to supply our till, we draw them from of drafts, of drafts, the Bank of England, crediting the Bank in our books. Out of the above b'nks &c. b'nks &c. amount of £674,470, £266,000 were notes thus drawn byusfrom the -·Bank to replenish our till, and did not represent an amount paid in by P;-.cent. Pr.cent. $ $ our cu tomers to their credit. This amount must, therefore, I 48 167,437,759 98·7 48 165,193,347 98·8 think, be deducted from both sides of ~h(: a ccount. ~n the other hand, New York City .. --we must add the amount of notes paid m for collection and discount, 54 24,094,061 54 33,088,080 96·5 93·7 and loans on security, which pass through a different set of books and Boston .......... 1,417,704 93·8 7 7 1,486,315 96·5 which represented a sum of £2,460,686. Albani··········· 32 17,830,648 32 18,061,565 96·0 96·4 Making these alterations, we find thsit out of £19,000,000 credited to Phila elphia ..... 22 22 2,149,067 Pittsburg ........ 90·4 3,126,749 86·2 our town customers, £ -!08,000 consisted of bank notes, £79,'JOO of Baltimore ........ 16 16 3,875,255 92·9 4,425,113 93·9 country bank notes, and £118,000 of coin:  -- ----  Checks and bills ....... .. ................ £18,395,000, or 96·8 per cent. Bank notes............................... 408,000, or 2·2 per cent. Counn·y notes............................ 79,000, or 0·4 per cent. Coin.................... . . . . . . . . . . . . . . . . . . 118,000, or 0·6 per cent. Total ................................. £19,000,000, or 100·0 per cent.  ~:~~1!~~8:: ~~ Louisville ........  Cincinnati ....... Cleveland ........ Chica~o ......... Detroit........... Milwaukee ....... St. Louis ......... San Francisco ...  In an article on bank notes, published in the Journal of the Institute of Bankers, London, for March, 1880, Mr. John B. Martin gives a table showing the percentage of bank notes, Total, including coin and checks used in banking transactions, which was comNew York City. piled by him from several sources. This table is given below: Robarts Manchester and Lubbock'& Morrison, Salford Bank & Martin & co. Dillon & Co. another local Co. bank.  5 7 8 8 6 9 4 3 5 1  206,601 1,206,759 742,330 2,965,355 1,751,037 8,141,189 806,211 417,244 1,940,053 332,265  60·0 89·8 92·8 88·0 94·0 92·0 87·5 88·3 82·3 91·8  5 226,783 7 1,620,771 775,304 8 10 3,876,785 2,618,064 6 9 13,026,835 1,219,481 4 3 670,172 2,627,045 5 298,121 1  45·8 80·2 83·4 900 95·1 90·3 93-5 94·9 81·5 77·4  189 77,9'J2,247  92·3  187 77,100,715  94'4  Total, bleludlngl New York City. 235 244,538,474 Banks elsewhere. 1,732_ 40,175,542  97·3 81·7  237 243,115,594 1,895 52,118,185  967 81·7  United States .... 1,966 284,714,016  95·1  2,132 295,233,779  94·1  -------  ------ ---  DISTRIBUTION OF COIN AND PAPER CURRENCY.  Xhe reports for 1879 and 1880 gave valuable tables of the amount of coin and paper money in the country on January 1, 1879 (the date of resumption), and on November 1 in 1879 and  1859. 1864. 1872.  P. ct. P. ct. P. ~t. P. ct. P. ct. P. ct. P. ct. P. ct. P. ct. 1880. The imports of gold in excess of exports, from the date of Bills and checks. 96·8 94.·I 90 971 47 58 68 96·5 96·9 No~es.... . . . . . . . . 2·61 5·3 7 2 i S 38 27 2·6 2·1 resumption to November 1, 1881, have been $197,434,114, and Com.... . . . . . . . . . 0·6 ·6 3 1 S 53 t 4 5 ·9 1 ·o the estimated gold production of the mines is $104,150,000.  I 100  The 'fl,mount received from these two sources during the year ending Nov. 1, 1881, has been $114,749,390. The sbck of standard silver dollars is also increasing at the rate of about two millions three hundred thousand monthly, In order to obtain the fullest possible information on t.his the amount coined during the year having been $27,824,955. subject the Comptroller recently issued two circular letters to Tables are again given herewith showing the amount of coin the national banks, asking for classified returns of their receipts and currency in the country on January 1, 1879, and on Novemand payments at different dates. * * * - ber 1, 1879, 1880, and 1881 : In the following tables are shown, both for June 30 and for September 17, the proportions of gold coin, silver coin, paper Nov. 1, 1879. Nov. 1, 1880. Nov. 1, 1881. money, and checks and drafts, including clearing-house certifiGold coin*............... $355,681,532 $458,882,692 $562,568,971 cates, to the total receipts, in New York City, in the other 126,009,537 158,320,911 186,037,365 reserve cities, and in banks elsewhere, separately, and also the Silver coin•..... . .... ... Lea~i~oln-taelnbdaenkrnnotetse·s··. _··.. 346,681,016 346,681,016 3!6,681,016 same proportions for the United States : 337,181,418 343,834,107 360,344,250 0 N ,l, 100  --------  TOTAL  100  100  JOO  100  100  100  100  RECEIPTS AND PROPORTIO:N'S OF GOLD COIN, SILVER COIN, PAPER MONEY AND CHECKS AND DRAFTS.  NumboY  Proportion a. Receiptl'I.  b'nks  Gold coin.  fAl'rur  coi:n.  1"aper  cur'ncy  Ch'oke, drafts &c. '  JUNE 30, 1881. $ Irr. cent. Pr. cent. Pr. cent. I-r.cent New York City..... 48 167,437,759 0·27 @·Ol 1·02 98·70 Other reserve "ities 187 77,100,71 5 1 0·76 0 15 4·71 94·38 Banks elsewhere ... 1,731 40,175,542 2·0-! 0·77 15·47 81·72 -,-- -·- --- --United States .. 1,966 284,714,016 0 65 0·16 4:@6 95·13  SEl'T. 17, 1881.  New YorkCity . .... l 48165,193,347 Other reserve cities 189177,922,2-17 Banks elsewhere ... 1,895 52,118,185  0·54 l ·86 3·31 - - ----- ---Unitrcl Stn.tes .. 2,132 295,233,779 1·38  0·18 0·08  O·t5 5·61 14·27  98•8( 92·35 81·7!  0·17  4·36  94·09  O·Ol  --- - - - -  On June 30 the proportion of gold coin to the whole receipts in New York City was 0·27 of one per cent; of silver coin, 0·01 of one per cent; of paper money, 1 ·02 pe:r cent ; and of checks and drafts, including clearing-house certificates, 98·7 per cent. The percentage of gold coin received in the fifteen other cities was 0·7o; of silver coin, 0 ·15 ; of paper currency, 4·71 ; and < f checks and drafts, 94 ·38. The percentage of gold coin receirnd by the banks not included in these cities was 2-05; of silver coin, o·77; of paper currency, 15·47, and of checks and drafts, 81 ·71. Taking all the banks together, the relative proportion of gold coin received was O·t35; of silvEr coin, 0·16; of paper currency · 4·06, and of checks and drafts 95·13 per cent. • On September 17 the }Jrnportion of gold coin to the whole receipts in New York City was 0·545 of one per cer.t, and of   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  Totals ............... $1, 165,553,503 $1,302,718,726 $1,455,ti31,60~ * Estimate of Director of the .l\fint.  The amount of legal tender notes has remained the same since May 31, 1878, in accordance with law. The increase of national bank notes during the year ending November 1 last was $16,510,143. This, together with the increase of the gold coin, $108,680,279, and of silver coin, $27,716,454, makes a total increase of coin and bank notes of $152,912,876. The gold in the Treasury, including bullion in process of coinage, has increased during the year $34,102,560, and in the ba.nks $7,170,498. The paper currency in the Treasury has increased $4,553,004, and in the banks it has decreased $13,727,914. The increasP. of g old, outside of the Treasury and the banks, is $67,413,221, and of paper currency, $241,494,061 In the subjoined tables the silver certificates issued by the Treasury have not been included, but the Rtandard silver dollars k ept to redeem them on presentation form a portion of the silver coin in the Treasury. The silver certificates in the hands of the people and the banks on dates c0rresp0nding with those given in the preceding tables were as follows: January 1, 1879, $413,360; November 1, 1879, $1,604,371; November 1, 1880, $19,780,241; November 1, 1881, $58,838,769. The statement below gives the amount of coin and currency in the Treasury at the same dates as in the previous tables, and the amount in the national banks on the dates of their returns nearest thereto-viz., January 1 and October 2, 1879, and October 1, 1880 and 1881, respectively: The amounts given for the State banks, trust companies and the savings banks are for the nearest comparative dates of their official reports; ·  BANKING ANJJ FINANCIAL.  10 J an, 1, 1879.  No,. 1, 1879.  Nov.1, 1880.  Nov.1, 1881.  LOANS AND RATES OF INTEREST,  The following table gives the classification of the loans of the $ $ $ $ GOLD. banks in the city of New York, in Boston, Philadelphia and In the Treasury, less other reserve cities, at corresponding certificates ........ 112,703,342 156,907,986 133,679,319 167,781,909 Baltimore, and in the dates in each of the last three years : In nation~! banks, ) incl'd'gcerti:flc'tes. 35,039,201 37,187,238 102,851,032 107,222,169 In State banks, in cludingcertifi.c'tes. 10,937,812 12,171,292 17,102,130 19,901,491  1- - - - - 1 - - - - -1- - - - - - - - -  Total gold ......... 158,680,355 206,266,516 253,632,511 294,905,569 SILVER.  In the TreasuryStandard silv. dols. 17,249,740 32,115,073 47,156,588 66,576,378 6,185,000 3,424,575 Billion ........... . 9,121,417 3,824,931 6,048,194 17,854,327 24,635,561 25,984,687 Fractional coin .. . 6,495,477 7,112,567 6,460,557 4,986,492 In national banks .. .  1----- -----1------1------  Total silver........ 38,879,908 58,780,f!23 84,472,626 103,098,207 CURRENCY.  In the Treas111·y, less certi:flcates. .. . . . . . In national banks,includ'g certificates. In State banks, includ'g certi:flca.tes. In savings banks....  44,425,655 21,711,376 18,221,826 22,774,830 . . 126,491,720 118,546,369 86,439,925 77,630,917 25,94.4,485 25,5 '\5,280 25,828,794 27,391,317 14,513,779 15,880,921 17,072,680 11,782.243  Total curreney •••. 211,375,639 lol,693,94.6 147,563,225 139,579,307  1-----1-----1-----1-----  Grand totals ..... . 408,935,902 446,741,285 t85,668,362 537,583,083  If ihe amount of coin and currency in the Treasury and in the banks be deducted from the total amount estimated to be in the country, the remainder will be the amount then in the hands of the people outside of these depositories, as follows :  - - - - - - · - -.  Jan. 1, 1 79.  NoY. l, 1879.  Nov.1, 1880.  Nov.1, 1881.  $  $  $  $  :lold ................ 119,629,771149,415,0161200,250,181 267,663,402 Silver................ 67,693,695167,228,714 73,848,285182,939,158 Currency ..... .. .. .. . 459,097,051 502,168,488 5!2,951,898 567,445,959 Totals ............. 6-16,420,717 718,812,218 817,050,364. 918,048,519 CAPITAL, &C., OF NATIONAL, STATE AND SAVINGS BANKS AND PRIVATE BANKERS.  The capital of the 2,115 national banks in operation"On June 80, 1881, as will be seen by a table in the Appendix,was $460,227,885, not in~luding surplu , which fund at that date amounted to more than 126 millions of dollars; while the average capital of all the State banks, private bankers and savings banks, for the six months ending May 31, 1880, was but $210. 738,203. The latter amount is but little more than one-third of the combined _ capital and surplus of the national banks. In the subjoined tables, the first exhibits in a concise form, by geographical divisions, the total average capital and deposits of all State and savings banks and private bankers in the In the table below is given a full classification of the loans in eountry for the six months ending May 31, 1881 : New York City alone for the last five years:   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  Loans and discounts.  October 1, 1878.  October 2, 1879.  October 1, 1880.  October 1, 1881.  47 banks.  47 banks.  47 banks.  48 banlrs.  - - - - - - - - -1-- - - -- 1----- -1-- - - - -1--- - - -  $ $ $ $ On indorsed paper.. il3,924,333 81,520,129 107,058,860 112,049,004 g~si~1~~nt::1sar~ 17, 297,47.> 22,491,926 27,755,152 26,935,878 2,539,928 3,915,077 8,286,525 7,003,085 demand............ On other stock, &c., on demand.... . . . . 51,152,021 78,062,085 92,630,982 97,249,162 On real estate secur236,100 670,0211 1,336,513 786,514 ity .. - . . . . . . . . . . . . . . 6,752,181 •• . . . . . . . . . . . ........ _.. . ..... _. ... . Payable in gold .. _.. 5,731,917 7,747,587 4,821,216 2,670,371 Ail other loans...... - - - -- - - - -- - - - - Totals .. .. .. .... . 169,585,980 195,851,902 238,428.501 246,757,659  -----  RATES OF INTEREST IN NEW YORK CITY AND IN THE BANK OF ENGLAND AND THE BANK OF FRANCE.  The average rate of interest in New York City for each of the fiscal years from 1874 to 1S81, as ascertained from data derived from the Journal of Commerce and The Commercial and Financial Chronicle, was as follows: 1874, call loans, 3·8 p er cent; 1875, call loans, 3·0 per cent; 1876, call loans, 3·3 per cent; 1877, call loans, 3·0 per cent; 1878, call loans, 4·4 per cent; 1879, call loans, 4 ·4 per cent; 1880, call loans, 4·9 per cent; 1881, call loans, 3 ·8 per cent ;  commercial paper, 6·4 per cent. commel'ciaL paper, 5·6 p er cent. commercial paper, 5·3 per cent. conunerc'al paper, 5·2 per cent. commercial paper, 5·1 per cent. commercial paper, 4·4 per cent. commercial paper, 5·3 per cent. commercial paper, 5·0 per cent.  The average rate of discount of the Bank of England for the same years was as follows : During the calendar year ending D ecen1)er 31, 1874, 3·69 p er cent. During the calendar year ending December 31, 1875, 3·23 per cent. During the calendar year ending December 31, 1876, 2·61 per cent. During the calendar year ending December 31, 1877, 2·91 per cent. During the calendar year ending December 31, 1878, 3·78 per cent. During the calendar year ending December 31, 1879, 2 ·50 per cent. During the calendar year ending December 31, 18 O, 2·76 per cent. DUI·ing the fiscal year ending J une 30, 1881, 2·74 per cent. NATIONAL BANK AND LEGAL TENDER NOTES · BY DENOMINATIONS.  In accordance with law, no national bank notes of denomi-  nations less than five dollars have been issued since th~ 1st of January, 1879. Since that date the amount of ones and twos has been reduced $5,867,465, and during the same period the amount of legal tender no tes of these denominations bas bi>en increa&ed $7,903,621. During the last year the amount of national bank notes of these denominations has decreased !;,1,648,440.  11  BANKING .AND FINANCIAL. The following table shows, by denominations, the amount of national bank and legal tender notes outstanding on November 1, 1881, and the aggregate amounts of both kinds of notes on the same day in 1880 : 18 81.  Denominations.  -  1880.  ~  ~  Aggregate. Aggregate.  $ $ $ 24,464,059 25,793,171 24,247,362 Twos.... . ... . . . . . . . . 23,732,196 24,254,366 23,036,578 Fives .... . ..... . .... 67,899,982 168,380,062 167,042,898· Tens ................. 75,408,831196,717,671 189,655,588 Twenties........... . 70,806,003 151,922,503 147,719,837 Fifj;jes . . . . . . . . . . . . . 23,157,575 46,441,775 45,777,475 One hundrPds....... 33,239,370 63,190,370 59,958.600 Five hundreds...... 14,217,500 14,949,500 16,765,500 One thousands...... 12,065,500 12,266,500 14,640,500 Five thousands..... . .......... . 2,430,000 2,430,000 565,000 Ten thousands. . . . . . . _... _..... . 320,000 260,000 260,000 Add for unredeemed fragments of na+ 15 129 + 16,586 +16,586 . .. . . ..... . . tional banknotes.. Deduct for legal tendernotes destroy'd in Chicago fire ..... _:_:_-~ ·:.:.:_ -1,000,000 -1,000,000 -1,000,000 I  $  1,329,112 522,170 100,480,080 121,308,840 81,116,500 23,284,200 29,951,000 732,000 201,000  I•:  '  I  Totals . ............ 358 ,941,488 1346,681,016 705,622,504 688 ,744,467 UNITED STATES BONDS HELD BY BANKS.  The following table exhibits the amounts and classes of United States bonds owned by the banks, including those pledged as security for cir':!ulation and for public deposits, on the first day of J nly in each year since 1865, and upon November 1 of the present year:  NEW YORK CITY BANK MOVEMENTS. The bank movements of the year in New York City showed further large growth in loans and discounts and in the aggregate clearings. By the middle of July the item of loans and discounts had risen to $852,856,800, from which large figure they gradua1ly declined to $315,443,400 by the end of the year, and then stood about $18,000,000 higher than at the close of 1880. Specie varied but slightly, and legal tenders increased about $8,000,000, against an in".!rease of $17,000,000 in deposits. There was a flurry in banking circles in the latter part of February, under the fear that the proposed funding law would be passed in Congress with the Carlisle amendment, which would prevent the banks from retiring their circulation at will by the deposit of legal tenders as securitv therefor. Haste was made by a number of banks to deposit legal tenders before the act should be passed, and a sharp contraction in loans and stringency in the money market ensued. The circulation was run down to $15,448,500 on March 5, but from that point there was a rise, and the demand for new circulation increased the amount to $20,162,500 by the end of the year. The following were the totals of the weekly statements of the New York City Clearing-House banks for each week of the year, the figures representing in each case the average for the week ending at the date named.  a  United States bonds held as security for circulation.  Date.  Loans.  Specie.  I  Le11:al Deposits. Circula- Aggregate Olea.rings. tion. Tenders.  -----1-----1----- - - - - - - - --bonds. bonds. bonds. 804,olo,200 61,94i,9oo lS,8!~,400 285,7f7,7no 18,42\.200 1,l79,/78,986 - - - - - -:- - - - -1----.,-----11 - - - - -1- - - - - JaR· 15a...... . ..... 802 864,800 65,452,500 15,686,l 00 292,876,800 18,425,000 l.179,899,803 Date.  6 per cent bonds. $  July 1, 1866 ...  July 1, 1867 ...  July 1, 1868 ...  July 1, July 1, July 1, July 1, July 1. July 1, July 1, July 1, July 1 , July 1, July 1, July 1 , July 1  1869... 1870... 1871. .. 1872... 1873 ... 1874... 1875 .. . 1876... 1877... 1878... 1879 . . 1880. -1881...  Nov. 1, 1881.. .  $  $  $  July 1, 1865... 170,382,500  4 per cent  412 per cent  5 per cent  . ___ . __ .... . . .......... . . .......... . ·--· ·--- ... . .... ·-- .. --· . __ ........ . .... ·-- ---· . _... _..... . . .......... . _..... -- ___ . . _...... . .. .  __ .. _-· .. _.. ............ . ........... . ········--· ..... ····--· . __ .. -- . . . . . ··-·-------. -- ...... -- . ............ . --·· --·- --·····--·----  241,083,500 2fil,430,400 250,7\16,950 255,190,350 247,355,350 220,497,750 173,251,-!50 160,923,500 154,370,700 136,955,100 109,313,450 87,690,300 82,!21,200 56,042,800 58,056,150 61,901,800  65,576,600 86,226,850 89,177,100 90,768,950 87,661,250 94,923,200 139,387,800 207,189,250 229,487,0ilO 236,800,500 239,359,400 232,081,300 206,651,050 199,514,550 144,616,300 139,758,650 172,348,350  48,448,650 35,056,550 37,760,950 32,600,500  118,538,950 126,076,300 93,637,700  53,741,600  187,634,550  31,981,650  92,005,800  1881.  1880.  National banks ......... -. . . . . . . . . . . . . . . . . $403,369,350  ~::l:~a~~~a: tiusi ·companies:::::::  1  Private bankers..........................  $426,120,950 2  ~~:l~i:~5i  ~t;~~8:~~~  :! 6,670,4 94  14,366,684  ••_.__;$_6_3_1.:....,4_2_2.:...,4_5_4_..:~$-=-67::...:9 ,322,290 _ _._.._._·._._--_· _.-_-_.._._-._._-_.._._ __T_o_t_al_s_. _·-_· .. RESERVE.  The following table exhibits the amount of net deposit8'. the reserve required by the act of June 20, 1874, and the re;erve actually held in October of each year from 1875 to 1880: ai  ai  Pl 'O  States & Territs.  -~p  I> o< e<Q.)  Res'veheld. /Classi.fl.cat'n of reserve.  i  0  .  ~~  ·a~  ~1h o~s Q;)  .q  Q;)  .:i  s rn.  p,  s t=l-d  ~  ~~  ~~s ~~ Pl ~'C ~~ ~ ~ z z ~ rn -------- ---- ---0 0  1, 1875 ... 2, 1876 ... 1, 1 77 ... 1, 1 78 ... 2, l879 ... 1, 1880 ... 1, 1881. .. 0th. Res. Oities. Oct. 1, 18'15 ... Oct. 2, 1876 . .. Oct. 1, 1877 ... Oct. 1, 1878 ... Oct. 2, 1879 ... Oct. 1, 1880 ... Oct. 1, 1881. ..  Q;)  Q;)  'H  Oct. Oct. Oct Oct Oct. Oct. Oct-.  Q.)  0  p.  ----N. York Oity.  ,ci  ~  1  ~  ~  Q)  ....  Q)  0  s ~  Q.)  Q;)Q;)  .llfil's. Mii-'s. Mil's. P.c. Mil's. Mil's. Mil's. il fil's.  47 47 47 47 48  202·3 197·9 174·9 189·8 210·2 268·1 268·8  50·6 49·5 43·7 47·4 52·6 67·0 67·2  60·5 60·7 4 8·1 50·9 53·1 70·6 62·5  188 189 188 184 181 184 189  223·9 217·0 204·1 199·9 228·8 289·4 335·4  56·0 54·2 51·0 50·0 57·2 72·4 83·9  74·5 76·1 67·3 71·1 83·5 105·2 100·8  33·3 1·5 37·1 :32·3 35·1 4·0 37·1 32·0 33·0 5·6 34·3 24·4 35·6 9·4 29·4 29·1 36·5 11·3 33·0 35·7 36·3 29·3 25·0 48·2 30·0 34·6 21·9 40·6  307·9 291·7 290·1 289·1 32:r9 410·5 507·2  48  471  29 ·9 30·7 27·5 26·8 25·3 26·4 23·3  5·0 14 6 13·o 13·3 19·4 58·7 50·6  1·1 0·8 o·8 1·1 1·1 0·9 l·O  54·4 . --- . . 45·3 . . . . . . 34·3 . __ ... 36·51...... 32 6 --··· · 11 ·0 . __ .. . 10·9 ...... 1  3·6 30 3 ·0 3·2 3·5 3·7 3·7  Oct. Oct Oct. Oct. Oct. Oct. Oct.  1, 1875 ... 2, 1876 ... 1, 1877 ... 1, 1878 ... 2, 1879 ... 1, 1880 ... 1, 1881. ..  1,851 1,853 1,845 1,822 1,820 1,859 1,895  46·3 100·1 43· 8 9 9·9 43·6 95·4 43·4 106·1 49·5 124·3 61·6 147·2 76·1 158·3  32·5 1·6 33·7 53·3 34·3 2·7 31·0 55·4 32·9 4·2 31·6 48·9 36·7 8·0 31·1 56·0 37·7 11·5 30·3 71·3 35·8 21·2 28·3 86·4 31·2 27·5 27·1 92·4  11·5 10·8 10·7 11·0 11·2 11.3 11·4  Oct Oct. Oct. Oct. Oct. Oct. Oct.  1, 187:5 ... 2, 1876 ... 1, 1877 ... 1, 1878. __ 2, 1879 ... 1, 1880 ... 1, 1881 ...  2,087 734·1 152·2 235·1 2,089 706·6 147·5 1236·7 2,080 669·1 138·3 210·8 2,053 678·8 140·8 228·1 2,048 768·9 159·3 260·9 2,090 968·0 201 ·0 323·0 2,132 1,111·6 227·2 321·6  32·0 8·1 1125·2 85·6 33·5 21·3113·4 87·4 31·5 22 8100·2 33 6 30·7 97·0 85·1 33·9 42·2 95·9 107·0 33·4 108·2 64·3 134·6 28·9 112·7 59·9 133·0  16·2 14·6  Summar'lj.   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  26 ......  " "'  9 ...... 16 ...... 23 ..... 30 ......  · i·o,i62,ooo M~.Y "  The total amount of United States bonds held by all the banks and bankers during the last two years is thus shown to be considerably more than one third of the whole interest-bearing funded debt of the United States, as follows:  73·3114-5 15·3 15·8 15·9 16·1  19 .....  "  April 2 ..... . "  4i ,372;2fo  Continued at Continued at 312 per ct. 312 per ct.  22 . . .. .. 29 ...... .. 5 12 ...... 19 ... . .. 26 ...... Ml}_r• 5 ..... 12 ...... "  Fe:tJ•  30?-,889,tlOO 810.682,200 316,092,900 817,189,100 320,t-07.SOG 816,584,40t 298,485,4l.(; 296,252,90(, 300,177,300 800,622,000 800 288,100 305,244,400 806,888,400 805,717,600 804,485,200  66,484,lOC 16,895,600 298,981,900 18,345,500 66,264,100 17,287,900 802,512,800 18,830,700 V.7,6(18,iOO 15,997,600 .807,097,200 18,368,800 67,800,600 15,546.000 l807,9U,800 18,852,810 65,849,600 14,~87,200 S07,718, 100 18,259,500 ;:;8,074,200 !5,048,000 296,547,800 16,181,600 4,894,10(1 13,289,200 294,442,600 15,448,500 35,868,00 12,466,600 271,668,800 15,466.100 59,552,(IQO 12,241,200 277,981,600 15,"1'71,100 57.668,900 12,934,500 1275,586,500 16,680,500 57,611,00v 12,nn,500 275,495,400 16,718,500 60,429,600 12,472,700 282,788,500 16,709,000 62,8111,800 18,428,600 288,821,100 16,880,200 66,804,200 14,418,200 292,658,000 18,217,400 69,289,400 15,784,700 294,586,800 18,600,100 1  fg:~:~88 i~:?t:?88 rig:g~:r,>8 rn:~:~ Ut:~~:~ 1I:::: ·· :1~:~~:888 324, 192,800 80,518,500 17,878,000 826,611,700 19,185,800 1,2 :2,647,682  21. .. . . 28 ...... " Ju,1?-e 4 ...... 11 ...... 18 ..... 25 ...... lu,17 2 ...... 9 ...... "  832,025,700 79,134,800 18,688,800 832,182,800 341,094.900 76 052, 100 18,825,800 889,548,600 347,494,900l76,902,t20C. 1s.sus,eoo 84.5,643,200 346,566,600 75,61l,OOO 18,474,800 344,307,600 345,490,700 77,U91,500 18,0112,\JOO 8W,6-10,800 850,491,100 76,415,600 17,112,800 346,466,400 852,856,800 77,728,500 16,284,800 341:J,848,000 16 ...... 348,74-!,400 81,946,900 17,058,700 851,199,500 23 ...... 349,240,500 81,491,4'.l0 16,752,000 852,658,800  8  A'!~-  1,224,948,182 955,459.473 l,042,8115,915 947,812,074 1,105,462,825 1,148,978,545 1,241,050,579 !,020,907,965 812.503,681 774,684,705 950,446,200 815,034,482 724,179,859 978,2118,886 879.862,885  19,801,200 1,198,726,141 19,268,800 9 I9,891,800 19,286.100 11,8. 180,859 l9,805,800 1,019,215.091 l~,144,800 953.507,lM 19,l76,800 914,724,597 19,149,200 851,848,962 11!,lbl,800 844,816.881. 19,185,300 984,014,125  ~A:fil~:t881t::8ta:888 ~~giH&& rn::~:~ L::. ~:i~:t&& 351,024,<;00 71,841,100 15,927,000 842,72~.400 19,-186,000  im~:m~  rn,566,ooo 19,590,llOO lll.683,200 19,782,200 19,785,800 19,765,200  625,Cl48,774 825,4111.852 659,867,412 857,4!3.264 639,907,979 925,116,460 77:3,401,696  15 . ..... 818,346,900 54,1-07,200 lf>,174,500 2~•0,018,800 19,8116,100 22 ...... s:t,3!0,50(1 58,859.400 15,208,700 286,643.~00 19.919.000 29 ...... 309,254.,500 ol,OiS,100 15,652,JOO 288,088,800 19.9-18,000  95S.850,125 881,124.243  D~f·  26 ...... 314,758,800 57,020,100 15,59;!,600 21:'6.566.400 20.01'0,200 8 ...... 315,321,iOO 55,316,800 15,861,700 ~86,437,500 20,188,200  81-).!,475,508 982.630.202  "  SL ..... 315,443,400 5i,7S2,500 15,942,000 289,890,400 20,162,400  915,€'86,295  18 ...... 20 ...... 27 ...... Sept. 3 ...... 10 ...... " 17 .. . . " 24 ...... ..  Oc.~. "  849,542,8llO 348,369,600 837,20i,200 8~4.0PJ ,900 833,625,800 382,6i2,800  01.188,400 62,15l,400 62,8-iP,!;()() 61,oOl,iOO 65,079,700 64,984,400  15.842.800 16,210,900 15,617.900 15,076,400 14,561,800 15,057,200  834,795,600 828.721,800 .315,927,200 314,828,200 816,749,500 814,817,800  §:: .. :. rzg:f~:t88 gg:rJ:~ ½tigg:~ ~~:3i~:~8 ~t:~gHgg 1,i~:igz:2g: l:!75,722,717  . ::.:: ~~::r~~:i88 ~8:~~:~88 ½ti~J:g&8 ~~;g;t~88 ~8:~~:fgg l ,m:t~:}gx 1~' Nqy. 19 ...... 815,1A2,SOO 59,919,700 15,276,000 291,088.500 ll!.962,400 892,319,707 •·  i½rn~:~&g ~t:~~:~gg g:Jig:i&& ~rn~:A&& ~&:m:i&& ~~~:re~:= .. 24~L::: ...... 313,464,100 57,890,100 16,01/i ,300 287,484,400 20,125,800 l ,OAA.589,608  From the totals of the New York City Clearing-House statement for each week of the year, given above, we have as a deduction the following percentages of specie and legal tenders held as reserve against liabilities (deposits only), and the bank rate of interest each week on call loans, prepared by Mr. Campmanager of the Clearing-Hou~e. The per cent of reserve in proportion to deposits alone is taken, rather than the reserve against both deposits and circulation, as the banks are required by law to hold a reserve of 25 per cent of their deposits only. The percentage given in the table, therefore, shows at a glance the status of the reserve eaeh week. Per ct. of Rate of Date. rea'rve to deposits. inter'st. Jan. 8  " 15 22 " 29 FP.h. 5 " 12 " 19 " 26 Mar. 5 " 12 " 19 " 26  AW·~ " 16 " 28 " so May 7  26·54 27-75 27-72 27•fH  27'22 27 06 26'28 24"65 24·84 25·15 25·b3 25"61 25·52 25·77 26·40 27•75 28"88 29·26  6 6 6 6 5 5 6 6 6 0 6 6  5½ 5 5 5  4  4  Per ct. of Rate of Date. res'rve to deposits. inter'st Mayl4 " 21 "  28  June4 " 11  " 18 " 25 July 2 ..  IJ  " 16 " 23 .. so Aug. 6 " 18 " 20 " 27  Sept. 8  29'67 30·12 29·48 27"79 27·54 27'82 27·60 27 00 26·87 28')9 27·80 27·85 26·65 25·60 24"78 24•20 e4·70  8  r(: 4 4  8½ 3½ 4 4  ~ S½  8 5 6 6 6  Per ct. of Rate Date. res'rve to of deposits. int'r't Sep.10 " 17 " 24  Oct. l ..  8  " 15 " 22 .. 29  Nov. 5 " 12 " 19 " 26  Dec. 8 " " " "  10 17 24 81  25"80 25·14 25·46 24•10 23"88 24·1s 25·66 26·68 26 06 26·02 25·84 25'&l 24·84 24·6tl 24·94 25•53 25"08  BANKING ANJJ FINANCIAL.  12  COMMERCIAL AND FINANCIAL REVIEW OF GREAT BRITAIN IN 1881.  Deposits.  Date.  Securities.  fat~~ Cash. _P_r_1___P_u_b-_l----,---- s~~e. vate.  [Communicated by our London Correspondent.]  lie.  Gov't. Other  :~ _ _ _ __  - Per ct. - - £- - - -£ - - - -After many years of depression, inactivity and small profits - - - -£- -£- - £ £ £ 3 9,1 24,7 15,9 23,6 1~,3 24,3 in trade, extending as far back as the autumn of 1873, the busi- Jan. 125 .... 27,0 5,2 25,3 15,3 20,8 12,6 26,5 24,l " 312 _ _ " to have we and revived, 4,7 25,0 14,4 20,5 12,9 ness of the country has once more 26,4 24,3 19 5,7 24,7 14,4 20,6 13,7 24,7 chronicle a condition of things during the past twelve months F~~- 2 ~:: 26,0 6,7 24,9 14,4 21,2 14.l 26,3 25,5 " 9 .. 25,9 26,l 8,6 25,0 14,4 22,2 15,2 which shows that, in spite of increasing competition throughout 3 15,8 21,0 16,6 9,9 27,0 25,4 :: ~~ __ 25,3 27,7 10,6 25,3 the world, the recuperative powers of the country are great, and 24,2 14,8 20,7 17,4 16,8 23,0 14,8 10,5 25,7 27,6 25,8 M:!'r. of future the to regard with felt be that no apprehensions need 25,4. 28,1 11,6 24,6 15,9 21.0 17,7 " 16. _ 25,'.! 27,9 ll,9 26,l 15,9 22,9 17,7 our commerce. At the close of several recent years it has 25,2 28,J 11,9 24,5 15,9 21.2 17,9 :: been thought that this revival was to be realized, but until the 25,8 27,9 10,8 25,2 15,4 22,1 17,6 8,1 25,7 15,4 20,9 15,4 27,0 commencement of 1881 those hopes were entertained only to be April 6 .. 26,6 7,1 25,9 15,7 20.7 14.5 " 13 .. 26,7 26.2 . . 20 ,, 7,1 24,8 J 5,0 19,4 15,5 26,5 26,3 disappointed. 212 6,8 25,2 15,4 18,6 15,9 26,4 26,3 ·· 27 " It is true, indeed, that in the autumn of 1879 the American May 6,5 24,S 15,7 lR,3 15.1 4 .. 26,9 26 3 15.3 18,3 .. 11 " d 6,4 25,1 15.8 assume 26,2 26,7 manufactures other for and goods our for demand 7,0 25,5 15,9 19,7 149 25,8 18 ·· "" 25 . . h oth er coun t rrns __ 26,7 largely-increased proportions, but our trade Wit 7,1 25,4 15,9 19,2 15,4 26,3 26,0 7,1 25,4 15,9 19,5 14,9 25,9 did not make much progress, and consequently no general recov... J1~e ~ :: 26,8 7,4 24.2 14,9 19,8 14,8 26,9 25,9 " 15 .. 26,3 26,5 7,7 26,0 14.9 20,7 16,0 ery took plaee. The year 1881 was, from a commercial point of 26,4 27,0 25,1 14,9 20,1 16,4 :: ~~ :: 27,0 27,2 8,4 view, an improvement upon its predecessor, but it was never8,8 27,3 14,9 23,0 16,0 27,4 15,8 21,1 15,1 .. 6 6,5 27,5 26,9 July to confidence theless a, disa.ppointment, there being insufficient 4,8 28,7 16,3 20,2 15,1 .. 27,3 26,7 20 .. 27,2 26.6 "" 13 4,7 28,5 15,9 20,3 15,1 justify any considerable extension of business. During the 4.,6 '28,3 15,9 20,1 15,0 26,3 ·• 27 ·· 27,0 past twelve months, however, business has been conducted with Aug. 4,2 27,3 15,9 20,4 13,3 3 .. 27,7 ::!5,2 " 10 .. 27,4 24,7 4,2 25.8 14,7 20,4 13,0 greater freedom. Much caution and judgment have been 3 4,5 25,9 14,7 20,6 13,3 27,0 24,6 :: 4 shown, and there is every reason. to believe that the commer5,3 25,5 14,7 21,4 12,9 26,6 23,8 12,6 22.7 5,2 26,2 14,7 23,5 cial condition of the country is sound. The increase in the 8 " 31 -- 26,7 5,0 25,8 14,6 22,4 12,4 26,5 23,2 5,0 25,7 14,6 22,l 12,6 26,2 23,0 volume of business is considerable, but it does not appear that 5,4 25,5 14,6 21,9 13,0 26,1 23,3 :: ~~:: 26,3 the foreign markets have been overstocked or that speculation . 23,1 5,1 25,0 14,5 21.6 12,5 9,0 27,1 21,7 24,9 17,6 23,9 10,3 .. 5 Oct. very a is This bounds. judicious has been carried beyond 9,9 4,7 26,0 16,8 22,0 " 12 .. 26,9 21,1 " 19 .. 26,7 21,3 3,3 25,5 14,9 21.4 103 satisfactory feature. 3,3 24,9 14,3 2i..O 10,8 26,2 21,2 It is also a matter for congratulation that not only has our N~v. 2 3,3 23,4 14,l 20,3 10,l 26,5 20,9 " 9 .. 26,1 20,7 3,0 23,5 13,6 20,5 10,4 foreign trade improved, but there has been a decided increase 6,1 23,3 13,2 20,6 10,4 26.0 20,7 :: in the home trade, resulting, in some measure, from a some4,2 22,3 13,2 20,4 10,8 25,6 20,6 20,6 24,9 13,2 22,9 10,8 25,5 what better agricultural season. Although there is still much D;c. 3r: 25,4 20,8 4,2 4,9 22,9 13,2 21,3 11,1 .. 14 " in produce agricultural of 25,3 20,8 22,4 13,2 21,4 11,2 yield 5,7 the room for improvement, 20,8 6,6 22,4 13,2 22,3 11,3 :: ~§: · 25,~ England and Ireland has been in eXCP,8S of former years, though 20,3 24,2 13,2 24,6 10,6 6,3 25,5 in Scotland the disappointment has again been very serious. The state of the money market during the year has The season has not been so unpropitious as in 1880 and 1879, but at the same time farmers are still a suff0ring class, and a undoubtedly been very perplexing to capitalists and to long time must ela,pse before there can be any substantial others interested; but in times when there are increasing amendment. If, however, so small a revival of prosperity as desires among nations to establish a g-old currency, and when ha.s been apparent among the farmers this :,ear should exercise the amount of securities• in circulation between the various eo beneficial an influence upon our domestic trade, we may cer- money markets of the world is increasing, we must be pretainly hope for much greater activity should we be once more pared :for uncertainties and for sudden changes. One of the fortunate in harvesting a series of good average crops. mysteries of the year has been the reticent attitude of the The course of the money market during the past year has Bank of France. In 1880 and during a portion of 1881 that been more than ordinarily eventful, and has been the source of instjtution has been losing gold, and the directors seem to have much surprise and discussion ia many quarters. During the regard_ed the movement with an indifference which occasioned first seven, and especially during the summer, months the rates mu.ch surprise. As long as the Bank of France rate of disof discount were low; but a cha,nge in the position of affairs count remained at a low figure, the other national banks of manifested itself early in the autu.mn, and the Bank rate Europe were unwiliing to make a change; but although Lonadvanced somewhat rapidly from 2½ per cent, which was the don was the deareFlt money market in Europe, very little effect quotation from April 27 to August 16, to 5 per cent, which was produced in attracting gold to the coffers of the Bank of change was effected on the 6th of October. That rata-notwith- England. The contractors of the Italian l<:>an have been purstandiog the open market q notation at one period declined to chasing gold, irrespective almost of the cost, as the loan was nearly 3 per cent for three months prime bank bills-has been brought forward for a deliberate purpose, to thwart which maintained, and during the last few weeks the outside quota- would not have added to the reputation of the Italian Governtions have had an upward tendency, and are now very little ment. That operation, however, will soon have been combelow those current at the Bank of England. The Bank rate pleted, and gold originally destined for this country will be at the commencement of the year was 3 per cent; on January more likely to find its way to its proper destination without 13 it was raised to 3½ per cent; on February 17 it was reduced being intercepted in transit. With the completion, therefoie, to 3 per cent; on April 28 to 2½ per cent; at which point it of that operation, the Bank of England will stand a better remained until August 18, when it was advanced to 3 per cent;_ chance of replenishing its diminished supply of gold. on August 25 it was further raised to 4 pP,r cent, and on October It must not, however, be thought that the absorption of gold 6 to 5 per cent, which is the closing quotation for the year. by foreign countries is without some advantage to this country At the oommencement ot the year the supply of gold held The Italian Government has, for instance, successfully floated by the Bank of England amounted to £24,269,276, the reserve a loan having for its object the establishment _of a gold curof notes and coin to £12,315,436, and the proportion of reserve rency, and with 'the proceeds gold is accordingly purchased. to liabilities to 36·16 per cent. On March 23 the supply of gold But this country and the other countries which have subscribed was £28,119,380 and the reserve £17,888,185, while the propor- to the loan hold in exchange for the gold purchased bonds of tion of reserve to liabilities was 48·83 per cent. The smallest the Italian Government, upon which interest is daily accruing. Bupply of bullion recorded during the year was on November Were there not rich countries in the world, the success of these BO, when it was £~0,588,703, and the smallest reserve was on loans would be ~impossible; but any trustworthy government is October 12, when it did not exceed £9,918,508. The Bank was almost certain now to secure money if it wants it and chooses to relatively strongest on February 23, when the proportion of pay for it. The money market is always sensitive enough to reserve to liabilities was 49 ·78 per cent, and weakest on October feel the effects of ~xcessive borrowing, but the value of money 5, when it was only 30·19 per cent. The following is a state- has not yet advanced to an excessive point, but only to a figure ment showing the situation of the Bank of England each week that indieates prosperity. of 1881, with the Bank and market rates of discount at-the As stated above, the course of the Bank of France has been same dates, in hundreds of thousands of pounds sterling- a surprise. That is to say, the apparent indifference it showed 00,000's being omitted. during 1880 and the early portion of 1881 at its constant loss of  https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  t: ~3 ::  ~I:: ~f\I::  t: ~t:  13  BANKING AND FINANCIAL. old, was not easily explained. Latterly, however, its policy haR hanged, and through the Reoeivers of Taxes it has obtained onsiderable amounts of gold, and paid out silver. But it was ot until August 25 that the Bank rate was raised to 4 pe, ent, and October 19 it was raised to 5 per cent. The situation of he Bank as to its stock of gold and silver, according to the last ·eturns of each month of 1880 and 1881 is shown by the followg in hundreds of thousands of pounds-00,000's omitted. 1881.  Cash. Gold.  Silv er.  Total.  188 0.  Cash. Gol d.  Sil ,·er.  _ _ _ _ 1 _ _ _ - - - - - - - - - - - - --  a,n. eb. oh. pril  ay une uly  ug. ept. ct.  27 .. £21.9 24. .. 22,0 31.. 24,0 28 .. 23,8 26 .. 24,9 30 .. 25,9 28 .. 25,4 25 . . 24,9 29 .. 24,3 27 .. 24,2 24 .. 25,4 26,2  £48,5 48,o 49,1 49,2 49,4 49,7 49,6 -!9,8 49,2 47,9 47,0 4.6,5  £70,4 70,6 7S,4 73,0 74,3 75,6 75,0 74,7 73,5 72,l 72,4. 72,7  Jan. 29 .. £29, 4' F eb. 26 .. 31,3 Mch. 25 .. 32,6 April 29 .. 32,7 May 27 .. 32,-! June 2 1 .. 32,4 July !:?9 •• 30,7 Aug . 26 .. 30,5 Sept. 30 .. 28,2 Oot. 28 .. 22,9 Nov. 25 .. 21,7 j Dec. 30 .. 27,6  Total. -  - -  .£49,9 £79,3 81,8 50,5 51,l . 83,7 81,6 48,9 81,8 49,4 8 1,9 49,5 80,7 50,0 80,8 50,3 78, ::i 50,3 72, 9 50,0 71, l 49,4 71,5 48,9  With the beginning of the new year the speculation which has been in progress at Paris for months seems to have culminated. It began with the five per cent Rente and soon spread through the abundance of idle capital in every direction. Foreign investments being in bad repute, stocks of all kinds were sought after. Banks, railroad companies and then new companies almost without number were formed. The Revue de la Finance states that the capital of the new undertakings of 1881 reach a total of 2,340,197,125 francs, which would be about 470 millions of dollars; and the advance in values during the twelve months is well illustrated by the price of Bank of France shares, which have risen from 3,630 francs to 5,700 francs, and Suez Canal from 1,275 francs to 3,350 francs. All classes seem to be invaded with the thirst for speculation. The Paris Bourse says: "For five thousand persons who formerly transacted Bourse operations, there are now one hundred thousand, and still bankers, brokers and prudent men allow themselves to be carried away with this infatuation. London has no direct connection with this craze and yet a panic there might do mu~h harm here, especially if it should result in drawing a few millions of gold from the Bank of England. The American demand for gold has been much less activ e this year, though there was a considerable inquiry during th e earlier months. According to the Board of Trade returns, n o shipments were made to America in November, but the total export in the eleven months to that country was £7,264,913, against £3,296,299 last year and £6,404,328 in 1879. The New York exchange on London was at one period very low, but latterly an improvement has taken place, and there f;eems t o be an impression in a few quarters that it will not be very long before some of the gold sent away will be returned to Europe. This, however, can scarcely take plaee for some time to come, as the conditions prevailing do not seem to promise such a result, while the gold sent appears not to be hoarded in America, but widely distributed. A prominent feature in the business of Great Britain during the past year has been the rapid introduction of new companies; but there haA been no such speculation as at Paris in connection with them. ·rhe public seem to have contributed freely, but we already hear that investors have in some cases been greatly disappointed at present results. Many loans and companies have, however, been brought forward, and from them very satisfactory results are looked forward to, not only to the borrowers themselves, but also to the trade of this country. It will be remembered that a few years ago our commerce was greatly stimulated by the numerous foreign loans which were then being successfully :fl.o&ted on the London money market, and the falling off in our export trade since the investing public have looked with suspicion upon the bonafides of foreign loan transactions, has been much remarked upon. During the past year the export trade of the country has indeed improved without the aid of foreign loans, but our colonies have been large borrowers, either for government or corporate purposes, and our shipments of material to them have been upon an augmented scale. The construction of railroads, docks arid wharves necessitates a large expenditure of money in the purchase of .the requisite material, and although other manufacturing countries have gained some advantage in the increased development of the world's enterprise, yet it cannot  https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  be disputed that we have obtained quite a reasonable share of the augmented business which is in progress, and with this we should be satisfied. The best and cheapest producer is sure to gain in the end, and our free trade policy assures that at least. On the Stock Exchange, during the year, a large business has been transact,ed, and until recently the ma:rkets have been characterized by much buoyancy. The price of Consols has risen above par, and the value of nearly all British securities has reached a high point. As long as the money market rem.a.ined easy, the banks willingly granted facilities to speculators, and the improving condition of our commerce naturally led to the belief that railway shares were a sound and improving investment. The traffic receipts for the second half of the year compare very favorably with the curresponding period of 1880, and there is every reason for believing that the dividends to be shortly declare.I will be fully equal to, if not in excess of, last year's. The principal government loan brought before the public for s·.tbscription was the Italian loan, which was fully taken up. The Government of i.this country has also been a borrower on Exchequer Bills on several occasions during the year, but there has been no increase of debt, as the object has only been to renew bills which were about to fall due. In American securities, a large amount of business has been transa~ted, and for a long period the tendency of prices was strongly in an upward direction; but since the value of money has been advanced to 5 per cent, the stock markets generally have Jost their buoyancy, those holders of securities who have carried on their operations chiefly with borrnwed money having been compelled to sell, owing tc the withdrawal of the facilities which have been so long granted to them. Those sales, however, although they have depressed prices, do not necessarily lead to the conclusion that the condition of things is in any way unsound. On the contrary, the markets are) being reduced to a more healthy state, which cannot be otherwise than advantageous to the general welfare of the country. The returns of the Bankers Clearing House in London, for each week of 1881, compared with the two previous years, are as follows,-000!!: being omitted Week ending.  I  1881.  1880.  1879.  £  £  £  - - - - - - - - --- 5 . . 161,662 10::l,f.87 89,546 " 12 .. ilO!'J,O:-n 88,671 97,702 " 19 .. 1;, 6, '.32 .i 144,Hl8 9 2,476 8,375 77,3 3 ,, 26.. 9 2,994 F eb. 2 .. 1-14,606 149,391 111,116 9.. 97,8 8 6 92.811 7fi.825 " 16 .. 134-,317 147,284 109,064 " 23.. 93,27-1 93,220 ,l,f)2o '.\far. 2 .. l6l, >o1 59 156,R8 6 125,043 9 .. lOt,043 9-l,232 77,56 0 " ' ' Jti .. 138,430 127,lJO 102,318 " 23 .. 123,73·.t 100,935 7-5.4'2 5 " 30.. 9 3,178 66,66:') 103,659 April 6 .. 157,774. 13-1,899 99,709 " 13 .. 144,150 96,937 6 4,680 ., 20 . . 8 2,773 136,-134 109.5 7 " 2 ·1 .. 96,09.''> 90 ,3 97 10-1,754 i\Iay 4 .. 141,3711149,127 96,51 . " 11.. 100,982 94,91 4 84.262 " 18 . . 165,401 123,76 7 109;059 " 25 .. I !:l:',413 84,791 77,938 ,Tu llO 1 .. 169.544 ,126,93~ 103,24H 8.. 9 8 ,262 9-1,6h3 81,489 '' " 15 .. 156,077 12;'i ,21 l 104,6!J6 ,. 22 .. 108,742 88,56 2 80,.20-1 " 29 .. 150,5 90 131,426 115,561 Ta11.  Week ending. July 6 .. ,. 13 ,, 20 .. " 27 .. Aug. 3 .. " 10 .. " 17 .. " 24.. " 31.. Sept. 7 .. " 14.. " 21.. " 28.. Oct. 5 . . " 12 .. " 19 . . " 26 . . Nov. 2 .. 9 .. " " 16 .. " 23 .. " 30 .. Dec. 7 .. " 14 .. " 21. . " 28 . .  1881.  1880.  1879.  £  £  £  133.6~1 119,511 93.603 101,76::3 124,760 104,999 147,424 103,546 83,~25 91,..: 15 82,'257 73,682 12.J.,79"> 123,811 102,473 108,706 92,761 78,752 130,235 L6,400 95,547 94,597 79,411 6 ,415 137,637 117,377 102,809 102,9~~0 87,265 74,407 84,':'68 82,101 94.602 125,277 111,139 69,752 87,702 82 .452 102,290 158,882 135,192 86,531 10:{,474 9'.l,874103,031 147,611 180,005 88,600 93,476 81,213 80,782 1-14,Sl!i 141,440 121,185 102,589 !:)5,699 85,214 147,261 139,484 115,967 104,540 91,076 77,410 Vl3,845 91,932 123,564 119,775 151,020 86,416 100,423 96,318 122,322 149,917 142,962 96,084 85.666 70,368 96.062  The prospect for the coming year is undoubtedly encouraging. The condition of our commerce is acknowledged to be sound, and, with the exception of the Irish difficulty, there is nothing to interfere with legitimate progress. The course of the money market will in all probability exercise an important influence in checking any undue activity, as the probability seems to be that money is more likely to ris~ than to fall in price. Owing to the many engagements to which thA public have committed themselves durinR" the last twelve months, to the more general employment of gold as a standtrd of value, and to the greater activity in commercial circles, the protracted period of cheap money may be said to have terminated. Admitting that the quotations now current are indicative of prosperity, yet it must be borne in mind that the position of the Bank of England is not a strong one, and that the stock of bullion is not likely at present to be replenished from foreign or colonial sources. Even our supplies of Australian gold are now being intercepted by the contractors to the Italian loan, and as Australia is our chief source of supply, any contracticm of it is perceptibly f elt. The valud of money is tolerably certain to be well maintained throughout the current year, and only by the exercise of considerable judgment on the part of the community can a rise be prevented.  TRADE  AND  COMME RCE.  EXPORTS, IMPORTS, PRICES. OOMMEROE m-i THE UNITED STATES. I COMPARATIVE PRICES OF MERCHANDISE. The table followmg shows the prices of leading ar 1 The exports of merchandise from the United State.3 to foreign countries, in the fiscal year 1880•81, reached the merchandise about the 1st of January in 1860, which was before highest figures ever attained in the history of the countl'y. the war excitement had begun to affect the markets; in 1866, after the war had closed, and gold stood at 144%, and for the The immense products in the year 1880, following abunpast four years-1878 to 1881. The period covered by this dant crops in 1879 and 1878, left a great surplus for comparison is the most eventful the c<mntry has ever passed export over and above the requirements for home con- through, and the variation in prices has been to the extremest sumption, and the effect of this was shown by the net limits. At the period of greatest depression in prices-in 1878-9import of over $91,000,000 in specie. In the years 1856 the cost of the necessaries of life was probably cheaper than to 1875 inclusive, the exports of merchandise had been ever before in the United States. It would be difficult to find a parallel for such prices as $7 per bbl. for pork ; $2 per ton for in excess of the imports only three times, and in those anthracite coal at tide-water; $3 50 per barrel for wheat flour; years the amount was comparatively small, and the -excess 20 cents per lb. for tea, &c., &c. As the depression was abnorof exports of specie over imports was considerably larger mal, so the recovery was rapid and certain, and during the than the balance in exports of mttrchandise. But with years 1879, 1880 and 1881 the tendency was towards higher the fiscal year 187/i-6 a new era ·commenced, and the rates, with a greatly-increased volume of business. exports of merchandise began to show a decided excess J anuary Sover the imports, ~hich increased largely in the three fol. 1860. 1866. 1878. 1879. 1880. 1882. lowing years. In the fiscal year ending June 30, 1877, the - - · - - - - - - - ) - - - - ·--- - - - - - - - - - -1881. -10 1445,-s 102% 100 100 100 100 i~!~;is'tiitis-:: · · · · · · · · · · · · · · · 2 exports of m·erchandise exceeded impocts by $151,159,228; *]'lour-Sp.wh't,ext.b bls . 4 SO 8 ~o 5 ,o 3 ~ 6 lo 4 $25 5 io 15 00 9 00 7 75 8 50 8 50 8 50 in the year ending June 3 0, 18 7 8, there was a similar excess K~~~~tsperflne ·:.: :~il:: I 88 625 410 310 560 555 490 Cornmeal, Br'ywine.bbls 3 90 460 325 285 335 340 385 of $257,814,231, and in the year 1878-9, $264,636: 602, mak- tWheat-White, No.l.bu. 1 50 2 45 1 5i 1 11 1 55 1 16 1 42 Red Winter, No. 2 .. bu. 1 SO 2 00 1 38 1 08¾ 1 59 1 Ii<¼ 1 45 ing a total excess of exports for the three fiscal years ending R~~~~~t~~~f l 75 1 36 98 1 48 1 17 1 30 N~.-.~:~~: .. 92 108 78 60 98 us 96 Oat~. No. 2, white ..... bu. 62 46½ 39 ss 52 46 50 June 30, 1879, of $673,610,061. In the year ending CornWest. m ixed, No. 2. . bu. 90 60 90 47 63 57 71¾ Ju.ne 30, 1880, the excess of exports over imports fell to White Southern .... bu. 98 88 62 49 68 58 75 $167,908,359, owing to the large increase of imports, Wottonf~~d1tr~~J?~:~piaiic1Jt ii¾ ~~ ll ~l6 ~ t½i ½~ 111ii~ 11 i:~ stimulated by the prosperity and higher prices in the Cotton goods:~?J~i1'oht1~~1ft:64::: :~~. ~ ~t !¼ ~ ~ 4 s~~ ~¾ United States which began in 1879. But this was fol- Fish575 lowed by a reaction, and imports fell off sharply after Dry cod ........... quintal. 4 50 988 575 425 600 15562 75 20 00 tg!: i ·oo 17 12~8 20 gg~7¼ 16 ~g6% .·,709¾ 110 70 July, 1880, while exports of merchandise increased, and HfJ~1!V~i~:~~~~~ioo 1 8% 11¾ ~~~~~~~.~~ .~:.'.':.:::·.::Jt ..i6 60 13 15 40 22 26 so for the fiscal year ending June 30, 1881, the exoess of IronScotch pig . ............ ton. 24 50 51 ro 27 oo 22 oo 29 oo 28 50 25 00 American pi~ ... ...... ton. . .. . 51 00 18 50 17 00. 35 00 24 50 26 50 exports over imports of merchandise amounted to Lead-Domestic ..... 100 lbs. . .. . .... 450 400 575 4 25 5 25 $259,712,718.  LeatherHemlock sole, light .... lb.  30  36  22  19¼  29  23  22  31 28 25 36 32 86 The foreign trade movement furnished the key to the Lg;:.!81'iitl~~kiaii<i -:i;lil ~g 170 80 80 60 90 1 00 Molasses-N. Orleans .. gall. 120 48 53 37 « 50 63 situation during the five years ·of mercantile depression Ni;fJt~;~~~~tine . . .gall. 44½ 1 01 82½ 27¼ 42x, 45¼ 55 Common rosin ........ bbl. 1 65 6 50 1 75 1 35 1 65 which ended in 1879, and while the Treasury was prepar Oils1 80 2 35 38 57 48 50 ing for the resumption of specie payments. It is plain 8~~~: ~~t~·. ·. ·. ·.::::: 1 ~~ ~ ~~ 1 gg 81 1 05 98 97½ Linseed ............... gall. 57 1 44 61 63 82 64 60 that the large exports were the result, in great part, of the Petroleumheavy crops, but there were also many other changes in We':i~~<i::::::::::::::::i:tl: :::: i& ii¾ g~ ~ 76½ the exports and imports incident to the circumstances of p~;;:~~:;; ......... .... bbl. 16 37½ 29 12 12 62½ 7 05 12 62½ 1250 1700 1150 ~~1~~~. .~~L 1~ gg ~ 88 }i g8 ~~ 88 rn gg 17850 25 2125 the time. Not the least striking of these changes was the i::i·ti!~~ Hams~ickled ..... .... .lb. 9¼ 16 9a~ 6 8½ 97¾ 11~ decline in the imports of foreign manufactured goods, for ~~lier,;:;:i~nstate·:: J~: ~½ lg¼ 288¼ 5 ]~ 7 ·ig 28 3 Cheese, fine factory ... .lb. 11 18¾ 13 8¾ 13 13¼ 12¾ which articles of home manufacture were largely substi- Rice-Good .............. .lb. 4¼ §8½ 6½ 6¼ 6% 6¼ 6½ SaltLiverpool ground .... sack. 1 15 2 50 75 70 tuted among the people, and in 1877-8 the total imports Liverpool,..A.shton's.s 70 75 75 ack. 1 95 2 50 4 50 2 50 2 50 2 50 2 50 of foreign merchandise fell to $437,000,000. All the 8 cr:b;,- raw ............... lb. 7¾ 11¾ '7% 6¾ 7% 7% 18.!4 Ii¼ trade statistics of the United States are compiled T~ft:~.~.~~:.~~: ·::::·.·.·.·.Jt ..iO½ 13¾ ~ 35ffl 538ij 486).s Wool-Ohio fleece ....... lb. 40 70 45 for the fiscal years ending June 30, and it is for the Whiskey-Domestic ... gall. 26 2 27 1 09½ 113 115 n 15 period ending June 30, 1879, that the foregoing remarks * FLOUR.-" Sp1•·i ng Wheat Ext-r a" is now the common shipping flour to Great Britarn, and is about the same as the " Wheat Flour Stale" are mainly applicable. IR the fiscal year ending June 30, quoted in 1860 and previous years-" Patents" are the highest grade, and correspond with liJxtt·a Genessee of 1860 and previous years. 1880, the situation changed decidedly, imports of iron and t WHEAT.-" White No. l" probably corresponds as nearly as any present grade with White Genes_see in Old Classification-" Re.d W~nter No. 2 other foreign merchandise increasing largely, and prices would probably rank with "Red Weste1·n" of Old Classificat10n. . other grades mentioned for breadstuffs cover same as quoted m of manufactured goods advancing so much at home as to oldThe lists of prices in'' Hunt's Merchants' Magazine." Oct. 1, 1874, grades of cott~n as quoted were ch~ngeq by put a check on exports. But this movement was overdone t COTTON.-On the Nlltional Cotton Exchange. Aceordmg to the new class1fl.cat10n, and caused a re-action, which had the effect of reducing every grade was reduced so that (for illustration) Middling according to new classifl.cation was on that day quoted 3sc. lower than Middling of the old class1fl.cation. foreign imports during the next fiscal year, 1880-8) § Gold.   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  :::n:  t  ,r Nominal.  TRAJJE ANJJ COMMERCE. TOTAL VALUE OF IMPORTS AND EXPORTS OF THE UNITED STATES.  For the purpose of showing the total amount of exports and ports of merchandise, and the total of specie, in each year ince 1860, the table below bas been comniled. In the columns eaded "Excf'ss" are given the di:fferenc.es between exports and ports each year, showing at a glance the so-called trade balnce of the country. The merchandise and specie are separately tated, as the specie exportP.d or imported in each year is egarded rather as a settlement of the balances occurring from he trade movement; the values of domestic merchandise and pecie exported are also stated separately from the re-exports f foreign goods and specie. The year 1876-7 was the first to how that radical change in the course of our foreign trade hich has ever since been conspicuous, and which culminated 1880-81 with an excess of $259,712.718 in the exports of merhandise, and a net import of $91,168,650 in specie.  1-1  i==  bjO ~ 8.  '"d 0  -i:; i::: 0~  ::d  i=t:! p.,  1-3  rn  1-3 ~  ~  ~  i::., ('.!)  ;;-~  ~ D'  ~  to$; ..... ~  -i::  i:::  0~  p ;:i., 1-3  l'rj 0 >1  ~-  OQ  i:;  -;::;-  q, ('.!)  ~0 ::;. ![!,  0  .,+  ~  15  The internal commerce of the country cannot be followed with any such degree of accurac.v as that which attaches to the statistics of foreigh trade. It would be of much value to merchants could the moveme111ts of raw products and manufactured goods be followed closely enough to enable them to shape their operations to meet the requirements of the markets from time to time, and with the growing desire for accurate and classified information on all commercial matters, it is possible that more satisfactory statistics will eventually be obtained in regard to our inter-State commerce. The tables showing the imports and exports of ll"'adi11g articles of merchandise in each of the past four years present in themselves a brief history of the course of merchandise movements. 'The proportion between the quantities and the values of different articles exported or imported in the different years is quite remarkable, and as to domestic products it shows quite forcibly that a smaller quantity of merchandise handled frequently brings a larger profit to the seller than a much larger quantity at very low prices. The tables are also iateresting in showing the growth of trade in certain specified articles and the decline in others. The export of certain manufactured goods in 1878-9 was one of the results brought about by the low prices in the United States, which placed our goods in foreign markets, in competition with those of England and European countries. But in the last two years, the advance in prices has been so considerable that our manufactured goods have lost much of this advantage. EXPORTS OF LEADING ARTICLES- OF MERCHANDISE.  The following table shows comparative exports of leading articles from the United States for the last four fiscal years, the values of merchandise being given in gold on the Pacific coast and in currency for the rest of the country, up to the first of January, 1879, and since that. time in gold values for the whole eountry. The relation between quantities and values of exports in a series of years taken together is particularly striking. Thmi, on the export of 84,401,676 lbs. uf pork in 1878-9, against 69,671,894 lbs. in 1876-7, the value was only $4,807,566 in 1878-9, against $6,296,414 in 1876-7. Petroleum exports also (found under the head of "illuminating oils") were considerably larger in the fiscal year U:7 8-9 than ever before, but the value was about $20,000,000 less than in 1876-7. The striking feature of the fiscal year 1878-9 was the enormous volume of domestic products sent abroad, at prices low beyond precedent, and tince then the fact has been equally notable that the foreign markets have taken all our ra.v products without receiving any check from a considerable advance in prices. The grea t surplus of the crops of t iie past few years sent abroad has been very suggestive of the immense possibilities of the United Stl\tes as a food-producing country. EXPORTS OF LEAD I N G A RTICLES .  0000,1,J 0. CJl ~ J. C)lC)lCJlil'-C,:,C,:,C,:,!l'-t-:l 1-.'.. t-:)t.:,t,:,C,:, <:i:,-,;, 1--'OC,:,--.1001-0 ,JO>-' t-:l>-'0•c.:it-:lOll'-11'-r-'t-:l,J oowCJ1--.lt-:lCJ1~:ooo ..... t-:loooc.:i~o ..... c,:i ..... o oo w  ;...'"tl:-oo":JooO)-;..... ..._ ~ i-:>0001 o .....::i:-bi(0(00)0)-:....  'J• CJlOOC,:, ,=, t-:l ii,.c,:i c.:iooo OOOC,:,C)C)C)l _ , CO :X, (0 00-fb t-:lil'-COOO!l'-O>-'C,:,00:J•t-:l:: t-:lC/lW,-' 00 --.1-.J OO :OCO  oo~u':;i~(Oi,oU(O~~~O)OOC,~~Ol~~~i-o cocooooomc.:i~::oo--.1:~m--.1~ --.1 --.1 00 --.1~ 00 --.1 -~mW~ ~ CO--.lCJl>-'--.l~WCJl ~ Olt-:lCO ~ C/lOl il'COOO-.JOlOlCJl CJl~CJl il'-~ ~ t-:l ~ ~C,:,1--'1--' ~ l--'t-:lC,:, OWl--'COOll'->-'00~ !1'-11'- :0 ~~ CO ll'- ~ C/l OCO>-'c.:i ~CJlOll'-1,:JOC,:,Olt-:l !l'- t-:ll.:JOl•---.l ::s> i,:J OO C,:,O ~c,:i  ~":J ~oo~~;.,. i.-: ;;,.-;..... oo ::i-;.....(0 ~00000~~01 o,  --.lCO~~--.l~ll'-00--.1--.1~--.1 ..... ~OC/l ..... OO Ol~ CJl --.la -.JWOOWCJl!l'-1--'WC0--.1O>-'~~~ ~ W-.J~OWCl  ~(O~bi-o~":Jo~01...... ":J~~0)0101(0~01000~  ~t-:l~m~-.J>-' ll'- 1--' 00 --.lm:o:o ~ ~o oo ~o~ ~~WmO>-'-O~Q OO~ ~:OW~O ~ -.J>-'w-.J   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  1-3 ~  ~  ~  fr.~ ~ g'  Q  ~  i:;  ~  i,.,  p.,  1-3  b:i?;  e.s·  g~ ;:;i::.  0  .,+  ~  37,758,166 2,956,760 68,821,557 5,834,541 1,11,0,117 2,28ti,091 11,011,419 S5,333,197 21,834,492 5,086.118 874,!".1'79,286 27,920,8!j7 458,023,225 6,259.8:t7 867,325,623 81 ,788,575 95,949,780 5,980,252 1,040,345 2,868,180 110,767,627 7,689,232 215,910,187 lfl,879,107 158,252,795 190,5-!6,805  M ,184,298 4,983,312 80,899,154 6,624,874 1,968,701 1,173,222 7,945, -86 45,047,257 28,690,648 6,472 695 378,142,496 35,226 575 448,559,418 6,2'¼,364 332,283,045 34,317,695 107,928,086 !-,272,285 1,028,710 2,529,423 96.403,372 6,800,628 227,026,605 18,737,048 150,565,477 167,698,485  IMPORTS OF LEADING ARTICLES OF MERCHANDISE.  The table following shows a comparison of the import.'3 of leading articles of merchandise, both quantities and values, into the United States in the la8t four fiscal years. This comparison will be found extremely interesting to those who watch carefully the course of merchandise movements, as it shows not only the  TR.ADE .AND OOMME.ROE.  16  quantities of the principal articles of commerce imported in each of the years named, but the values also, thus exhibiting the relation between quantities and values as affected by the change in prices of many articles. The large decline in prices of merchandise had been one of the salient points in the four years preceding July 1, 1879, and a report of quantities alone unaccompanied by the valuations would form an incomplete record. After the close of the fiscal year 1878-9 there was a very decided change .in the import movement. The improvement in trade led to a considerable increase in orders for foreign goods, and the growing volume of the imports was one of the features of the fiscal year 1879-80. This movement, however, checked itself, and after July, 1880, there was a great falling off in the imports of foreign manufactured goods. IMPORTS OF LEADIXG ARTICL "ES.  -----~---------·-·-----,----·-----1877-78.  ARTICLES.  1978-79.  Barley ................... bush.  6,764,228  5,720,979  ~};::;;;;;.~._:..:._:..:._:-:::::::::::::::::!::;  30i;ei~b1 51,914,605 9,676,594  37;;m~IH 47,356,819 6,673,088  c6\1on~~~~ufactures ·of:..:..·$ Bleached & unbl'd .. sq . yds.  :;.1.;;,}  ~:iigJg 1~~:g~  1879-80. 7,135,258  44i;IIHI~ 60,360,769 9,466,163  1880-81. 9.528,616 45i:f1Un 56,784,391 11,236,712  §:i!~:~ii H~u~g  PrJfed & colt~d . . 5,{~~:r~i do do val .. $ 1,086.426 707,064 1,179,999 928,043 Hosiery, shirts & drawers$ 4,682,246 4,997,335 7,514,989 8,391,634 Jeans, denims, &c .. sq. yds. 1,043,268 6,422,387 7,608.861 O~er ma:~actm~';J~t: 12,131,590 13,M§:~~g 1§;~~J:~~ 1Uii:~~~ Earthen,stone& Chinaware$ 4,051,786 4,082,787 5,650,267 6,579,939 J~tt~:nnd~t1\~~·s· ~~:::: 11,490,758 11,817,647 i~:~~g:~½~ 12,676,713 10 12 Gunny bags and cloth ...... $ u,rgg:tg 89,614 ·~:~~~ Gloves,kid& leather .doz.prs. 720,842 67fl,928 663.813 673,528 H~~p raw do val'i~ii~ 3,1~&:ig~ 3,3f 3,6~:Sa~ 3,8t·8~~ n1ges 2,221,l&! 1,829,008 3,068,004 4.047:472 Ind. rub'r & gutta percba,lbs. Iron tgd manuficture:~~:..:_$ 4,7Ll,102 6,068,088 9,606,239 11,054,949 Pig iron ................. lbs. 123,200,480 l 96,171,339 1,690,432,637 935,981,466 do value ............. $ 1,250,057 1,924,128 14,654,227 8,766,461 Bar iron ......... . ....... lbs. 66,337,457 53,967,822 251,902,056 104,119,050 do value .............. :i; 1,541,115 1,224,035 5,197,510 2,507,658 Railroad bars .... ... .... lbs. .. .. . .. .. . .. .. .. .. .. .. .. .. .. 193,729.467 273,979,293 do do value ....... $ .. .. . .. .. .. .. . .. . . .. . .. . .. .. 2,7l!0,7o9 3,82J,720 Ra~gad bar! stee~al~~~~t 23,~g 40g:~~:~ Lead, pigs, bars, &c . ...... lbs. 7,881,216 1,671,122 8,742,118 3,825,516 do do value ... $ 353,936 62,908 325,076 135,348 Leather ... ..... . ......... .lbs. 5,912,777 5,948,836 13,372,666 9,133,355 do value ............... . $ 3,784,729 3,667,564 7,6~3,769 5,746,349 Linseed ................. bush. 1,290,615 1,009,261 1,464,195 908,l!H do value . . ............ .. $ 1,883,333 1,613,001 2,261,049 1,250,580 Molgisesvai~e.'.'.'::::::::~~l.s$ 2i:i~:~~z 3~:r~:g~ Opium and extracts of ... lbs. 430,950 405,957 533,451 318,700 do do val..$ 1,874,815 1,809,696 2,786,fi06 1,!l44,587 Paintings, statuary, &c ..... $ 968,517 1,269,039 2,319,352 2,546,61 6 Rags ....... ............. . . .lbs. 92,546,443 69,962,702 185,188,943 137,583,299 do value ................... $ 2,814,515 2,402,457 5,474,737 3,967,532 Rice ... ........ .... . ........ lbs. 41,426,364 70,271,2.l!i 51,943,609 61,755,003 do value ................ ... $ 1,136,327 2,009,372 1,316.132 1,413,543 Sugar, brown ............ .lbs. 1,473,480,604 1,741,650,489 1,731,389,785 1,857,654,221 do value ... ...... $ 69,642,368 67,820,1111 74,716.586 81,352,570  :I  J  ·r~g:~M  g~  •a~~lit~~·.· .· .·::::::::: :~ g:~~~:g~ tU~~:gu rg:gg~:~~ ~Z:t7l:m 5,~~:~4i 14~:m:m  0  ,:~8~:~ ~:~8~:~3*  Silkd.~awvaiu.e·::::::::::::~~.s$  Silk, manufactures of, val..~ Salt ......................... lbs . do value .................... $  vai,ie.' .': .':: .'.' .' .' .' :.' .' .'  T~t· --~~~i Tin ...... . ................ . cwt. do value ..... ..... ...... .... $ Tin plates ................ cwt. do value ............ $ Tobacco, leaf ............. lbs do value ......... $ ffJ~tsc!~~s~~.~~~~~i~ls~ do value ........ .$ Wine in bottles .. . ....... doz. do value . .... . .$ Wool and wooleu ["Oo dsWool, raw ............... lbs. do va.J.ue ............ $ Cloths and cassimeres ... .$ Sha.wls ........... ........... $ Oarpets ............. sq. yds. do value .......... .... $ Dress goods ........ sq. yds. do value .... ....... $ Other wool manufactures:!\  kl~i:6~ 24.013,398 u~~:iig  &8~:~~~  1~:~:~~  ~~:ggg:rn§ ~i:§~f:gz~ rn:~i~:~~ 129,6fl2 143,512 284,960  ~i;~:~~~  Ul,837,932 860,589,224 1,632,865  906,615,513 1,776,741  2,183,034 2,185,815 9,ll29,498 7,980,836 4,102,782  2,312,297 2,469,081 10,147,460 6,593.466 3,545,!515  3,~§~:f~ 1,838,891 295,172 2,123,254  4,ii~:i: 2,054,700 298,715 2,284,833  48,449,079 8,363,015 6,771,65:3 1,341,447 278,262 398,389 49,539,339 12,055.806 4,058,514  39,005,155 5,034,545 6,255,195 1,367,927 257,686 367,105 49,732,403 12,436,861 3,511,112  32,188,690 32,056,701 963,970,711 1,100,510,4.01 l,8:~7,432 2,090,578 6,223,176 3.3R5,740 17,223,266 9,759,355 4,911,086  17u,880 3,971 718 3,303.639 14,149.387 7,468,664 8,897 980  l:8~~:= !:~~5:g~~ 2,856,705 2,743,669 407,3'28 3,289,766  457 257 8,928,087  128,131,747 23 727 650 10:ns:912 1,364,608 1,443,535 1,237,431 66,400,204 15,360,542 4,260,460  55,964,236 9,708,968 12,078,733 1,079,780 991,947 1,064,076 52,693,221 12,514,962 8,274,078  DETAILED STATEMENTS OF IMPORTS AND EXPORTS OF THE UNITED STATES FOR 1879-80 AND 1880-81. Prior to the fiscal year 1879-80, the largest imports of merchandise were made in the year 1872-3. That was a period of great activity in business just preceding the crisis of 1873, and a comparison of the imports in that year and in 1880-81 becnmes interesting. Taking the articles of luxury we find the following comparisons in round millions, viz.: value of cigars imported in 1872-3, 3.½ millions, against 2¾ millions in 1880-81; silk manufactures, 30 millions in 1872-3, against 32 millions'"in 1880-81; wine, G.½ millions, against 6.½ millions. Taking the more staple articles, we have the following comparisons in round figures : Coffee, 44 millions in 1872-3, against 57 millions in 1880-81; hides, 17 millions, against 27 .½ millions ; pig iron, 7 milHons, against 8¾ millions ; railroad iron, 10.½ millions 1 against 4 millions; steel rails, 9 millions, against 6¾ millions; molasses, 10 millions, against 6.½ millions; sugar, 78 millions, against 81 ¾ millions ; tea 24.½ millions, against ~ I millions; wool, 20 millions, against 9¾ millions. In regard to exports, the comparison between 1872-3 and 1880-81 1s more striking, as the growth m exports of U mte d   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  States products during that period was immense. The capacit i of this country for producing food and cotton has only beeI f ally appreciated in the last three years. The following co parisons are made of values in each year, the figures bein given in round millions: bacon and h&.ms, 35 millions in 1872against 61 mil1ions in 1880-81 ; butter, 1 million, against 61 millions; beef, 2.½ millions, against 12.½ millions; cheese, 10 millions, against 16.½ millions; corn, 23.½ millions, again 50¾ millions; cotton, 227 millions, against 247½ millions; fl.ou 19 millions, against 45 millions; lard, 21 millions, against 35 1 millions; petroleum (crude and illuminating), 37 millions, again 37¾ millions; tobacco, 22.½ millions, against 18¾ million wheat, 51.½ millions, against 167.½ millions. The general detailed statement of the year's foreign trad embracing each article of export and import, for the fiscal yea II~ ending June 30, as classified in the Government reports, is give below.  I  I I  I I  I  DETAILED STATElllENT OF IMPORTS. 1879-80.  Articles. ____________ 1  FltEE OF DUTY.  Argols ........................ .lbs. Articles, the produce or manufacture of tbe United States, brought back* ................. . BarksMedicinal-Peruv'n, calisaya, Lima, &c ................. lbs. Barks used for tanning ....... . Cork bark and wood, unmanufactured ...................... . Bolting cloths . ........... . .. . ... . Books* ............................ . Camphor, crude ............. .lbs.  Qu_an_t_ities. 14,445,534  1880-81.  Values. $  2,105,403 5,644,274  6,014,625  1,678,113 476,382 6133,556 372,227 291,488 362,86:t 6,789,158  powder ...................... lbs. Cocoa, crude, and leaves and shells of ..................... lbs. Cochineal. ..................... lbs Coffee ......................... .lbs. Cotton, raw .................. lbs. Cutch or catechu, and terra-japonica or gambier .......... .lbs. Dyewoods, in sticks ........ cwts.  76,170,25il  lrs\s,'not ·of Ame~icin.isiieri~~-= Fresh, of all kinds ........ .lbs. ::~ii~/~1 :~1~i1~i1.·. ·.: :::::~~i:: All other* ...................... .  Fur skins, undressed .. ......... . Guano (except from bonded islands) ...................... tons. Gums . ....... .................. lbs. Gypsum or plaster of Paris, unjl;round ... ........ . ..... .... tons. Hair, unmanufacturedHorse-hair, used for weaving ......................... lbs. Hair of all kinds* ............. .. Hides and skins, other than furs ............................. . Household and personal effects and wearing apparel, old and in use. of persons arriving from foreign countries ....... . India rubber and gutta percha, crude ......................... lbs. Indigo ......................... lbs. Madder, not including the extract of ...................... lbs. Oi.lsWbale or fish, not of Amer!cirn fisheries ............ galls. Vegetable, fixed or expressed . ....... ..... ..... galls. Volatile or essential . .. .... lbs. Paintings, statuary and other works of art, of American artists ..........................• Paper materialsRags, of cotton or linen .. .lbs. Other materials• ....... .. .. .lbs. Seeds ............................. . Silk, raw ....................... lbs. Soda,nitrate of .............. lbs. Sulphur or brim~t•ne, cr'de.tns. Tea ...... .......... ......... ... lbs. Tin in bars, blocks, or pigs.cwt. Wood, unmanufactured ........ . Articles admitted free under reciprocity treaty with H11,waiian Islands-  M~!' ~. ~.~~. ~~.~~::.:::::::ii,;;. Sugar, brown ....... ..... .lbs Molasses ................ l{alls.  '.itf1gther articieii ·. ·.: ·. ·.: ·. :1.~~:  74,612,920 8,642,l\70 1,080,987 455,189,584 4,449,866  47,598,639 1,816,804 7,773,492  1,803,542 1  88,841,111 1,714,993 9,578,071  10,761.307 46,723 112,468  320,403 154,003 493,059 912.336 2,496,277  12,9'5,761 64,tlll 120,288  8,420 17,842,086  108,735 2,444,802  25,608 19,821,233  120,615  1~,736  131,167  1,849,90" 3,048,520  4.12,632  1,404,872 2,774,324  ·~8Nii  517,439  :  . :  I It  :• I  • •!  2,076,841 16,826,099 2,625,240  9,606,239 2,752,900  20,015,176 1,745,350  4,421,636  212,384  914,986  407,416  170,1521\  1568,660  1,820,422 545,244  761,210  1,608,369 485,0<!1  185,188,943 5S,732,021  5,474,787 1,582,460 590,103 12,02-l,699 1,80:i,110 1,927,:\05 19,'i82,631 6,ll28,l76 2,884,579  641,3117  ,. ii  214,787  2,561?,236  67,414,825 83,236 72,162,936 284,1;60  5.002.646  61,556.701:l 111,950  2it~  4,135,581 19,835  . ..... 208,301,863 1 - - - - -1  DUTIABLE.  n:~~sot\i~~~~h1~atfit:*~~~.~~ Brass, and manufa,ctures of .... Breadstuffs, and other farinaceous foodBarley ..................... bush. Barley malt.. ............. bush. Bread and biscuit . ........ lbs. Indian corn or maize ... .bush. Oats ....................... bush. Rice ................ .......... lbs.  =··I  30,002,254  ·1,527  Animals, living ... ...... ..... . ... . Beer, ale, porter,e.ndotherma.lt liquors ........ .......... . .. ~alls.  I  4,21)1,372  985,585  4,4.64,463 10,130,-186  Total free of duty...........  * Not elsewhere specified.  ;; I  I  7,403,643 1,306,289 1,364,285 89C,168 446,850,727 60,360,769 3,517,792 591,120  Total .. .. .. .. . . . . .. .. .. .. All other free articles.........  M:eat::::::::::::::::::::: ~~:t  14,275,530 I  c~;:a~~~"es *~:~1:~.'...~~.~~'. ..~~.~ Chloride of lime or bleaching  Wheat flour ............... bbls. Meal. or flour made from oats, Indian corn, rye and buckwheat ................ ...... . . . Pease, beans, and other seeds of. leguminous plants .. bush.  Quantities.  187,!\83,299 52,880,958 2 550,'ins 94:843,539 105,438 81,843,986 170,880  6,984,406  -----1  1-----·1----  683,485  1,173,365  2,196,400 387,19S 7,135,258 1,023.447 143,347 58,876 4RQ,576 51,948,60{!  532,585 462,882 5,161  843,258  II · :  76,907,247 l9t!,987 28,083  8,739,996 1,007,29~  I •• :  4,537,921 829,571 23,268 65,864 152,659 1,816,132 878,558 534,475 28,632 54,310 [ 296,927  9,528,616 685,29'7  99,116  ~:l~  61,755,0113 473,925 200,620 2,300  965,656  TRAJJE ANJJ  COMMERCE.  =============================~=======----_-_-_-_--===================~======================s..... 1880-81.  1870-80.  Articles.  Quantities. Breadstuffs, and other farinaceous food-(Continued)All other farinaceous food, and prepar11.tions of, includ-  hnu1le~r~~~~?tc ..~~~~ ... -~~ Bristles ...................... .lbs. Chemicals, drugs, dyes and medicines* ..................... . Chicory, ground or prepared, and root ..................... lbs. Cle~~~~1>t (~~~E;y,o&c~~l~f g{}t~ ton or wool)Cut and sewed together ...... . Art.icles of wear* ............. .. Ooal, bituminous ........... tons. Cocoa, manufactured, not including chocolate ......... .lbs. Oopper, and manufactures ofOre .......................... cwt. Pigs, bars, ingots, old, and other unmanufactured .. lbs. Manufactures of .............. .. Cordage, rope and twine, of all kinds ........................ .lbs. Cotton, manufactures ofBleached and unbl'ed.sq. yds. Printed painted or col. ored ................. sq. yards. Hosiery, shirts and drawers .. ~~~i.~~•.... sd;.1~i~!~'. Other manufactures of* ...... . Earthen, stone and China ware. Fancy goods ..................... . Fish, not o.f American fisheriesHerring, pickled .......... bbls. Mackerel, pickled ......... bbls. Sardines and anchovies, preserved in on ................ .. All other* ...................... . Flax, u.nd manufactures ofFlax, raw .................. tons. Manufactures of, by yard .... . Other manufactures of* ...... . Fruits of all kinds, including nuts ............................. . Furs ancl dressed fur skins ..... . Glass and glassware-  J?~.~•....  c~g~~. ~:.~:'::1.. ~:.. ~~~1:1{g~ Cylinder and crown, pol-  ished .................. sq. feet. Fluted, rolled or roug-h plate ................. sq. feet. Cast polished plate, not silvered ................. sq. feet.  8~t~~~~~t¥~~t~r~!v~t,s.~: ~: Hair \excepting that of the alpaca, goat and other like animals), !lild manufactures ofHair, human, and manufactures of ....................... . Hair, other, and manufactures of* ..................... . Hemp, and manufMtures ofRaw ......................... tons Manufact'res of, by yd.sq.yds. Other manufactures of* ...... . India rubber and gutta-percha, manufactures of .............. . Iron and steel, and manufac-  Quantities.  984,285  349,599 1,009,495  J~"'?i~1d ~1:i~ :Hv~J'~~~~~~~.~~~ Jute, and other grasses, and  manufactures ofRaw .. ...................... tons. Manufact'res of, by yd .sq.yds. Gunny cloth, gunny-bags and manufactures of, used for bagging .................... lbs. Other manufactures of* ...... . Lead, and manufactures ofPigs, bars and old .......... lbs. Manufactures of .............. . Lear.her, and manufactures ofLeather of all kinds ....... lbs. Gloves of kid, and all other of skin or leather ...... doz. prs. Other manufactures of ....... . Marble and stone, and manufactures of* .................... . .Metals, metal compositions, and manufactures of* ............. . Musical instruments ........... . Oils-Coal and other mineral oils ....................... galls. Whale and fish, not of American fisheries ............. galls. Olive, salad ............... galls.  855,616 911,510  8,877,103  8,121:1,939  5,764,698  6,209,582  3,877,144  142,24S  4,207,544  140,201  477,5i7  415,550 1,030,849 1,593,505  677,360  922,227 89: ,654 2,008,974  104,487  30,096  124,758  87,460  40,748  185,080  88,486  165,806  5,262,086  821,329 409,803  718,616  8fl,433 887,076  871,390  101,241  559,701  63,131  9,466,168  1,020,277  11,286,712  1,253,428  9,341,689  1,179,999 7,514,989  7,128,860  928,043 8,391,634  6,422,887  1,067,664 19,146,487 5,650,267 5,988,168  7,608,86i  1,382.326 19,818,898 6,579,9{9 7,750,658  288,407  80,987  26,168  9  4,878  1,248,919 18,659,218 3,822,189  5,446  13,270,678 8,9.1:7,885 41,571,888  1,439,447  46,088,789  61,004  15,601  152,285  5tl8,760  22,799  616,422  2,126,616 2,897,747  885,496 911,144 1,997,02~  2,825,49S 8,017,668  275,277 647,610 24,002 262,~66  8,068,004 70,788 152,887  290,oi~ 987,894 142,158  1,102,410 132,684  82,014 18j,440  935,981,4fl6 865,752 104,1 t0,05 231,013 17,752,485  8,766.4fll 11.733 2,507,658 4097 848,744  193,729~6i 2,790,759 865,820 23,7 5,806 681,700 13,301,513 163,050  278,979.298 11,460,363 267,500  .3,824 720 610,404 6,~ug~  157,752 1,227.610 880,350  2,027,809  99,800 1,66~,: 05 1,166 860 6,218,453  4,598,407 148,522,037  2,161,527 1,741,991 157,734 5,189  408,159,482  6,507,041, 1,861,676 147,488 14,475 6,222,903  5,126,129  8  4,514  5,075,945 1,B84  68,631 115,146  1,949,260  89,614 2,764,342  2,589,275  182,472 4,772,628  8,742,118  325,076 2,087  8,825,516  135,348 17,469  18,972,666  7,623,769  9,138,355  5,746,340  663,813  8,670,525 910,789  678,528  3,834,550 1,005,448  888,874  927,752  1,300,497 917,778  1,854,439 1,474,771 17,471  2,823  Tli~t:ti; ~~:,gie; iiieci* :::tt:: Volatile or essential* ...... lbs.  92,819 264,762 118,869 655,416 242,849 588,451  55138 442:935 88,548 829.881 386,917 2,786,606  146,410 224,862 160,051 414,696 157,742 818,700  82,584 378,280 102,40;! 192,715 812,551 1,944,5!:>7  preii:~Eft! t~a\~~~~~~~~ .ibs: Red lead and lltharge ...... lbs.  l,866,50j  2,104,565 105.768 11,224 7,109  1,046,'260  2,2§§;~5 11,270 8,148  PVi,~f~~ :~~~~~~~~:.~~ .~~-:ibs.  1,077,967  ff~l~g  E!E:fnis ··aiic"i · ·ciiiier  pa.per ......................... .  * Not elsewhere specified.   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  008.orio,iiii  ifg;::~~·.  1  f;i~J~A  236,754 1,782,656  251,405 1,995,013  919,815  984,703 75,936 28,167 180,948  879,972  55,829 40,778 130,063  Values.  Quantities.  Values.  2,170,372  1,615,670 458,274 874,223 8,382,511  1,234,992 ..... . 1,887,482 1,100,510,401 553,595 10,044,867 2,261,049 908,191 428,076  1,278,788 2,090,578 885,745 1,250,580 462,526  1,486,069 890,302 276,454 6,698,488  20,921,176 358,867 l0,l:l06,147 118,654  1,688,116  48,747  298,084,871 47,824,994  4,099,281 1,103,165  21,916  422,856  6,546  2,428,657  11,178,658  1,700,267  8,947,002  4,364,488  74,nt~~ 1,857.6ro::~~ 81.35Ni& 8,705,248 28,500,234 6,699,047 12,168,248 58,996 8,072  1,188,.J02  9,219  5,580  878,647 10,227 6,121  8,303,689 14,149,887 70,855  17,2~i:~~ 4,911,086 2,404,812 86,402  7,468,664 618,508  8,897,980 2,257,189 lHl,654  1,529,948  .... ~.  2,091,099  1,237,594  1,489,250  1,202,906  1,448,108  122,880 4,087,382 407,328  600,811 2,356,705 8,289,766  129,542 4,870,947 457,257  ui;:~~  515,818 59,402  5,086,880 117,847  575,820 87,185  6,279,541 188,400  652,402  ·or:::~~~·  21,628,458 410,622 10,017,626  4,592,902 1,088,757  J[~it\~  1,122,016  622,842  1,869,665  10,832 814,028  8,019 475,843  128,181,747 23,727,650 10,7i8,912 1,888,238  297,196 1,864,608 5,032 1,44s:i1ici 1,287,431 66,400,20! 15,860.542 611,912 4,260,460  Hosiery, shirts and drawers .. . Other ruanufactures of* ...... . Zinc, spelter or tutenegue, and manufactures ofIn blocks or pigs ........... .lbs. In sheets .................... lbs. All other dutiable articles ..... .  8,514,826 5,101,902  398,334 260.0511 6,782,122  55,964,236  9,708,968 12,078,788  470,878  188,368 1,07:J~g 1,064,076 12,514,962 1.000,872 3,274,078  1,818,615 2,356,619  78,421 107,267 9,022,581  Total value of dutiable merchHndise. .. . .. .. .. .. .. .. .. .. .. .... 459,652,888 ...... 440,178,081 Total value of merchandise free of duty ................. _ _ _._._ . ._·_· , 208,801,868 _ _ _ ._ . ._·_. . .,_2_o_i._4_91_,5_4_7 1 1 Total value of merchandise. . ..... 667,054,746 ...... 642,664,628 Entered for consumption . . . . . . Entered for warehouse.......... Entered for immediate transportation to interior ports, without appraisement . . . . . . . . .  . ..... 501,944,078  -----  158,020,662  ...... 490,509,762 187,884,007  . . . . . . 12,990,006  . . . . . . 14,770,859  1 - - - - -1 1 - - - -·1 - - - - - 1  Brought in cars and other land vehicles ....................... . Brought in American vessels .. Brought in foreign vessels .....  . . . . . . 15.142,465 149,317,86 508,494,918  ..  .. 17.198,218 138,681.146 491,840,269  DOlUESTIU EXPORTS. Articles.  1879-80.  Quantities.  152  Whiting and Paris white .. lbs. Other paints and painters' colors ............... : ......... .  72i,868  ~!~s~1~t~~!!!eo~f ::: All other* ...................... . Silk, manufactures ofDress and piece goods ......... . Hosiery ......................... . Other manufactures of ....... . Soda, and salts ofBicarbonate ................. lbs. 13,367,441 Carbonate, including sal-soda and soda-ash .............. lbs. 322,191,592 Caustic soda ................ lbs. 44,'i91,535 0 Aielf{~it~~Ps~!f!\f~ 1,617,836 Spices of all kinds; also ginger, ground; pepper and mustard .......................... lbs. 21,817,469 Straw and palm-leaf, manufactures of ........................ . Sugar and molassesBrown sugar ............... .lbs. 1,78:,889,785 Refined sugar ............... lbs. 15,654 Molasses ................... galls. 38,008,930 Melado and syrup of sugarcane ........................ lbs. 86,880,537 Candy and confectionery .. lbs. 53,684 Sulphur, refined ............ cwts. 3,180 Tin, manufactures ofIn plates ................... cwts. 8,885,740 Other manufactures of ....... . Tobacco, and manufactures ofLeaf .......................... lbs. 9,759.855  347,271 4,026,029 58,318  1880-81.  $  sii1f.~.~~. ;.~~~.~~~~~.~:::::::: :ibs: 1  870,584 ·2·.·4·7· 1· 1  889  Opium, and extract of ....... lbs. Paintings, chromo-lithographs,  Quantities.  ·°!i:~1~ 147,680 ~!t;~!t!~.::::::::::::: iiii. ·:rarcis: Dress goods ......... sq. yards.  14,654,227 8,;J87 5,107,510 11,504 716,5\!3 34,764,800  3,805,859  _____________ ,_____ , Paper and manufactures of(Continued)Papier-mache and other manufactures of paper*, including parchment ......... . Perfumery and cosmetics ...... . Potatoes ..................... bush. Precious stones .................. . pb~tl~~.nsch~:a:~· i~~r~~·larg~  811ta::-maiiutiiciiires Watches, watch movements 1,46'2,289 and materials .................. . 12,fl,6,718 Wine, spirits and cordials8,482,4tl8 Spirits and cordials in casks ... proof galls. 12,844,929 Spirits and cordials in bot4,175,lo5 • ties ........................ doz. Wine in casks ............. galls. Wine in bottles ........... doz. 1,414,709 Wood, manufactures ofCabinet ware, house furni57,75-! ture and all manufactures of wood*...................... . 82,422 Boards, deals, plank, joists and scantling ......... M feet. 979,452 Shingles ....................... M. 883,885 Timber, sawed or hewn, 2,560,303 who1Jy or in part ............. . Other lumber .................. . Wool, sheep's, and hair of the alpaca, goat, and other like animals, and manufactures of304,670 Unmanufactured ........... lbs. Cloths and cassimeres ....... . 859,691 Woolen rags, shoddy, mungo, waste and flocks .......... lbs. 4 Shawls .......................... . 187,208  312,051  pf:,~~gi~:-:-.................. lbs. 1,690,482,637 i~~:l~~~: :: :::::::: :::: ::::::lg:: 251.~J:~ Boiler-iron .................. lbs. 484, 93  Band, hoop and scroll iron.lbs. Railroad bars or railf, of iron ...........•............ lbs. Sheet-iron ....... . .......... lbs. Old and scrap iron ........ tons. Hardware ...................... . Anchors, cables and chains, of all kinds .............. .lbs. Machinery ..................... . Fire-arms ....................... . Steel ingots, bars, sheets and wire ........................... . Railroad bars or rails, of steel.. .................... .lbs. Cutlery ......................... . Files ............................ . Saws and tools ................. . Other manufactures of iron and steel* .................... .  838,840  1879-80.  Articles.  Values. $  $  1  1 B~!\i~~ ~ar!1i1S~~aifi~ 'Ai~~a for buttons exclusively .....•..  Values.  Acids ..................•....... lbs.  Al,~~~}~~~fffs~. ~.~~~.~~~ .. No. 1  Horse-powers ............... No. Mowers and reapers ........ No. Ploughs and cultivators .. No. All other* ...................... . Animals. livingHogs ......................... No. Horned cattle .............. No. Horses ....................... No. Mules ........................ No.  i~r;~11e1:; iiri,1 i'owis·.:: :·.:: :~~:  2,442,747  1880-81.  Values. $  Values. $  71,231  1,804,964  89,240  805 11.68.! 768,945 169,211 1,295,599  24  5,918 20,166  764 2,002 654,156 184,828 1,558,568  83,434 421,089 182,756 13,844,195 3,060 675,139 5.198 582,362 209,187 892,647 16,688 1,23i,528 110,578 210,126 ·  Ashes, pot and pearl ......... lbs. Bark, for tanning ................ . Beer, ale and porter146,789 In bottles ................... doz. 262,450 111,308 In casks .................... galls. U6,868 15,866 Bells, and bell and bronze metal Billiard tables and apparatus .. . 28,800 Blacking .......................... . 168,mn 46,481 Bones and bone-dust ....... cwts. Bone-black, ivory-black and 1,249,958 lamp-black ................... lbs. 66,069 Books, pamphlets, maps and other publications ............. . 626,630 Brass, and manufactures of .... . 183,468 Bread and breadstufl'sBarley ..................... bush. 784,819 1,128,923 Bread and biscuit .......... .lbs. 686,158 14,759,755 Indian corn ............... bush. 98,169,877 53 Indian corn meal. ......... bbls . .,_ 850,613 Oats ....................... bush. 766,866 309:129  s2,iiso  ,~gN:1  * Not elsewhere specified.  Quantities.  18  77,456 572,188 185,707 14,304,108 2,523 890,243 8,207 353,924. 179,919 762,932 29,058 1,636,839 141,463 120,426 164,276 201,37d  12,674 1,591,651  292,421 55,867 24,963 17,889 179.998 34,066 51,682 690.359 216,057  885,246 549,245 748,490 16,116,788 91,908,175 50,702.669 484,998 1,270,200 186,899 402,904  TRADE ANJJ COMMERCE.  18  1880-81.  1879-80.  Articles.  -----·-------  Bread & br'dstufl's-(Contin'd)Rye ......... ............... bush.  ·. ·.·. ·. ·.:: ·. ·. ·. ·. :·.: ·.h~;t ~e!f~::·.: Wheat flour ........ ....... bbls. ~~:~~~~rJ~!~~~~Ru~tiier  preparations of breadstuffs used as food .......... ... . ... . . Bricks, other than fire .. ...... M. Brooms and brushes of all kinds Candles, tallow and other ... lbs. Carriages, carts, and parts of ... Cars, railroad, passenger and freight .................. ..... No. Clocks, and parts of .. ........... . Coffee, cocoa,and spices, including ginger, pepper, and mustard ............................ . CoalAnthracite ................ tons. Bituminous ................ tons. Combs ............................ . Copper, and manufactures ofOre ............ ............. cwts.  IW~t~~s~~~~~~~ru~~!dcii~~:  Quantities. Values. $  Quantities.  .2,912,754 2,362,765 24,72 5,190 153,252,795 190,546,305 G,011,419 85,333,197 1,272,028  1,928,437 1,885,813 24,082 4,453 150,565,477 167,698,485 7,945,786 45,047,257 775,709  2,439,098 86,299 110,410 237,627 823,702  1,443,580 27,989 152,716 210,842 1,013,644  4,663 1,954,725  1,780,572 1,011  544,041 1,146,753  1,362,901 695,179 16,098  462,208 191,038  2,001,928 789,532 15,172  55,763 667,242 126,213  9,958 4,865,407  51,499 786,860 38,036  1,376  583,728 1,356,742  392,626 222,634 21,623 4,206,258  104,386  93,238  Cordage, rope and twine of all 3,646,843 356,808 421,732 3,229,875 kinds* ........ ................ lbs. Cotton, and manufactures o:C7,288,351 2.161,207 5,061,634 1,683,900 Sea Island ... ............... lbs. Other, unmanufactured ... lbs. 1.,816,999,480 209,852,005 2,183,790,42 1 245,33t,539 68,18t,293 4,983,3l2 37,758,166 2,956,760 Colored .. ................. yards. 80,399,151 6,624,374 68,821,557 5,834,541 Uncolored ....... ......... yards. 1,963,701 1,1.90,117 All other manufactures of* ... Drugs, chemicals and medi.-  D~~~:f~s:: ::: ::: :: :: :::: :: :: :::: :  Earthen, stone and China ware ....... ..................... . Fancy articles~ .................. . FruitsApples, dried ............... lbs. ~~.:~~~ rip~us~r dried .......................... . Preserved, in cans or otherwise .... ....................... . Furs and fur-skins ......... ..... . Gas-fixtures and chandeliers ... . Ginseng ....... ................ lbs. Glass and glassware ............ . Glue .. ........................ lbs. HairUnmanufactured .............. . Manufactures of .. ............ . Hats, caps and bonnetsOf wool, fur and silk .... ...... . Of palm-leaf, straw, &c ...... . Hay . ......................... tons. Hemp, and manufactures ofHemp, unmanufactured . cwts. Cables and cordage ....... cwts. All other manufactures of .... Hides and skins, other than  ·  tfl~is, fr~!~  fur ..............•................  Hops ........................... lbs. Ice ... ......................... tons. I ndia-rubber and gutta-percha manufacturesBoots and shoes .... ...... pairs . All other manufactures . ..... . Iron and SteelIron and manufactures ofPig ........................ lbs. Bar . ....................... lbs. Boiler-plate ...... ......... lbs. Railroad bars or rails .. . .lbs. Sheet., band and hoop .... lbs. Castings*.... . ..... ........ . Car-wheels ............... . No. Stoves and parts of ......... . Steam-eng'es, locomot'e. No. i~t~;enfo~e!'t~1::~e~~i~~s when separate from the  ::::::::::::::::::: Mi~~l~:~y*· Nails and spikes . ......... lbs.  2'i8Z:ii8  3,045,238 6.26,749  106,724 518,198  123.177 653,482 22,613,652 3,071,928  1,247,891 2,301,334  3,158,367 1,121,754  192,069 1,190,560 272,715  861,217  150,i-iis  435,290 5,404,418 36,237 533,042 749,866 22,650  529,277 5,451,419 28,8 •2 561,545 756,022 59,038  232,726 24,552  295,188 42,033  13,739  198,639 23,C.94 206,819  12,662  265,856 17,256 233,5~9  1,591 16,490  8796 179'971! 1,083:676  31 11,204  431 124,895 1,00J,727  9,789,566 45,666  649,074 2,578,21}2 13il,686  8,990..655 44,259  903,464 2,016,970 132,120  13,980  28,072 278,608  25,890  37,437 363.097  2,948,773 723,382 202,649 1,555,840 293,529  8,803,441 909,723 326,349  117,723 l'3,709 12,497  108  54,115 25,302 7,lflO 32,746 15,401 222,276 86,103 9[,473 4116,313 186,087  7,215,553  104,271 3,490,410 287,931:1  10,864  ....60  2,~t:~ ii,697  8,544,380  ~:~1  2Hl,550 132,882 117,356 893,123 79,653 122,516 4,037,899 29.:,,32:3  All other manufactures of iron .............. .......... . 5,245,366 3,943,870 Steel and manufactures ofIngots, bars, sheets and 131,478 wire ..................... lbs. 346,333 37,634 15,223 Cutlery . ...................... . 71,122 83,723 Edge tools . .................. . 1,051,292 926,882 Files and saws ......... ...... . 37,271 31,118 Fire-arms . ................... . 2,286,091 146,1.68 1,173,222 702,wj Railroad bars or rails .. .. lbs. 14,744 6,076 All other manuf's of steel* .. 409,218 296,930 Jewelry, and other manufactures of gold and silver ....... . 279,337 231,531 3,906 Junk (old) and oakum ..... cwts. 29,988 32,102 Lamps . ........................... . 263,110 280,720 . .... . of Lead and manufactures 49,899 81:1,668 Leather and manufactures ofLeather. ... 658,242 ...... 661,019 Morocco and other fine...... 28,690,648 6,472,695 21,834,492 5,080,118 M~~l~~gf::-e:~1~11 other.lbs, 378,274 Boots and shoes ........ pairs. 374,343 300,968 441,069 Saddlery and harness .. ..... . 148,567 133,705 43 1,821 All other manufactures of*. 441,052 41,989 Lime and cement ....... .... bbls. 83,598 57,555 52,584 Manures475 Guano .... ................. tons . 29,581 951! 14,891 Other substances used for manures .... ................. . 583,360 588,77i Marble and stoneRough .. . ....... ................ . 220,362 199,051 Manufactures of............... . 409,433 453,912 112,167 Matches . ......................... . 119,246 Mathematical,philosophical and optical instruments .... ....... . 153,853 87,161 Musical instrumentsOrgans, melodeons, &c .... ... . 599,382 530,112 Piano-fortes ................. . . 353,799 261,624 All other ....................... . 21,801 19,441 Naval stores1,040,34"> 2,368,180 Rosin and turpentine ..... bbl . 1,023,710 2,529,423 41,221 lOIJ,381 Tar and pitch ........... ... bbls. 46,582 84,728 Oil-cake . ..................... .lbs. 453,023,225 6,259,827 448,559,413 6,284,364 OilsMineral, crude (including all nat ural oils without regard to gravity) .... .......... galls. 28,297,997 1,927,207 39,98i,R4 , 3,065,464 Mineral, refined or manufacturedNaphthas, benzine, gasoline, 17,292,810 1,693,975 18,411,04! 1,192,229 &c ...... ................ galls. Illuminating . .......... galls. 867,325,823 31,783,575 332,283,040 34,317,695 Lubricating (heavy parafflne, 4,852,203 1,054,064 5,162,835 1,039,124 &c.l ..................... galls. Residuum (tar, pitch, and all fr~~e 113,500 tilled .................. bbls. 184,411 77,330 276,400  ~t~T~s  wt~°e~ liJ~~  * Not elsewhere speciflecl.   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  Values.  Quantities.  Values. $  1880-81.  1879-80.  Articles.  Quantities.  Oils-'. Continued)$ Anim>tl1,507,596 Lard .. ................... galls. 836,255 816,447 Neat's-foot and other anim ,tl. . ................... galls . 77,496 30,883 23,519 Sperm . .................. galls. 314,568 482,153 487,004 597,812 1,022,889 Whale and other fish ... galls. 349,109 Vegetable6,997,736 3,225,414 Cotton-seed . ............ galls. 3,44~.084 Linseed ............ ..... galls. 72,JOO 38,431 • 31.214 Volatile or essential ..... ... . 219,612 Ordnance storesCannon ..... ................... . 4,400 Cartridges and fuses . ......... . 439.298 !,204,4i4 Gunpowder ................. .lbs. 1,694,488 177,891 500 Shot and shell ............ . .lbs. 510,156 155,755 Ore, argentiferous (or silverbearing) ................... cwts. 10,818 8,893 187,350 Paints and painters' colors ..... . 231,774 Paintings and engravings . : .... . 254,450 198,579 1,347,727 Paper and stationery ........... . 1,183,140 292,989 Perfumery ..... ................. . 302,993 Plated ware, silver or other .. : 310,577 292,563 185,011 Printing presses and type ...... . 251,227 ProvisionsBacon and hams ........... .lbs. 759,773,109 50,987,623 746,944.545 61,161,205 Beef-Fresh . ............... lbs. 84,717,194 7,441,918 106,004,812 9,860,284 Salted or cured .. .. .lbs. 45,237,472 2,881,047 40,698,64\J 2,665,761 Butter ........ ............... lbs. 39,236,658 6,690,687 31,5b0.500 6,256,024 Cheese .................... . . lbs. 127,553,907 12,171,720 147,995,614 16,SStJ,248 Condensed milk ............... . 139,470 121,013  2~:=  fi~ ·<iri.ea.· or siii'o:ii:ed·::::c~~!: ifs' Fish, fresh ... .................. .  85,885  179,450  Fish, pickled . ............. bbls. 54,345 Fish, other cured ....... ...... . Lard ... ....................... lbs . 374,979,286 Meats, preserved .............. . 2,385,858 Mutton, fresh ............ ... lbs. Oysters ......................... . Pickles a11d sauces ............ . Pork ... ..................... .lbs. 95,949,780 Onions .................... bush. 55,152 Potatoes ...... ............ bush. 696,080 Other vegetables ....... ....... . Vegetables,prep'r'd or pres'v'd 3,574,4i2 Quicksilver ........ : .......... lbs. Rags-Cotton and linen .. ... lbs. 774,169 Woolen . ..................... lbs. so Rice .. .......................... lbs. 183,534 Salt ........ .................. bush. 22,179 Scales and balances .. ........... . 26,526,295 Seeds-Clover . . . . . . . . . . . . . lbs. Cotton . . . . . . . . . . . .... ....... lbs. 12,142.137 1 Se';!~~\1:1~ct~~i:~:gdp!it~~~~~ SoapPerfumed, and all toilet .. ....• 14,566,slii Other ........................ lbs. Spermaceti. ... ................ lbs. 197,847 Spirits, distilledFrom grain ................ galls. 10,112,598 1,285,268 From molasses . .......... galls. From other materials . ... galls. 20,640  ~r~~~t .~~ .~~?~~·t·i~~:::::: :~~~~: Steam and other fire-engines and apparatus .................. . Sugar and molassesSugar, brown ............... .lbs.  3  7,091,200 10,311,736  18,776 840,199 97,539 264,723 2,803,830 35,226,575 5,971,557 258,008 682,249 21,157 8,272,285 87,975 460,517 64,246 151,140 l,i24,955 25,107  sci,i46 212.691  52,092 878,142,496 3,ssci,'i47 107,928,086 29,374 636,840 2,955:li,is 1,212,600 150,45i 45,455  13,366 6,613 199,412 2,401,351 134, 116 241,856 1,649,367  5,8i°4,506 11,628,799  38,567 690,122 45,018  18,328,787 214,205  2,586,685 397,247 43,613 2,132,154 447,842  13,920,984 839,599 59, 160 6,595,528 13,478,519  10,942  ::: :::::::::gi!R~: t101!;s~:~.~~.~: Candy and confectionery ..... .  Tallow . ........................ lbs. Tin, and manufactures of ...... . Tobacco, and manufact'res ofLeaf .. ........................ lbs  16,858 30,125,146 3,596,010  1,064 2,717,563 589,603 81,757 7,689,232 144,185  110,767,627  215,910,187 16,879,107 67,821 2,583 6,074 15,883 1,989,271 183,758  .': ::.':.':.':.':it!:  ~~gu~~:: :: : : :: :: :: All other manufactures of ... . Trunks and valises ..... ......... . Umbrellas, parasols and sun•• shades . ......................... . Varnish .................... galls. Vessels sold to foreignersSteamers .... .............. tons . Sailing vessels ............ tons. Vinegar .. ................... galls. Watches, and parts of ...... ... . Wax (bees') .. ................. lbs.  96,403,872 227,026,605 18,737,043 94,659 3,656 8,710 18,841 2,038,572 173,689 2,118 156,617  8,230 96,062  294 6,141 16,534 1si,ss2 154,887  51,550 184,930 4,123 96,495 48,880 486,233 255,847 123,317  221,'iii 68,181  46,000 74,780 9,722 100,710 40,203 533,961 826,400 69,915  285,194  4,223,259  320,602  5,192,961  4,039 54,311  11,936 165,893 136.0 2 3,510,976 262,029 765,550 11,552  .8,462 60,700  22,552 173,026 75,726 3,136,914 155,662 1,220,408 10,947  1<ili.~iso ·a,s76  L~~o1~li~te~ ~~:~. ~~~..~~~~: Timber, sawed and hewed, cubic feet .................... . All other timber .. . ............ . Household furniture ......... . Wooden ware .. .... . ..... ..... . All other manuf's of wood*.. . Wool, and manufactures ofWool, raw and fleece ....... lbs. Carpets .. ................. yards. All other manufactures of . ... Zinc and manufactures of0 re or oxide ............. . . cwts. Plates, sheets,pigs, or bars,lbs. All articles not enumeratedAll other unman'fac'd articles All other manufac'd articles .. ,  24,976 22,22'i,857 2,214,467  45,883  H)3,2i7  ~!Y~ii:E.~~::1:::::::::::::: ibs: ~~~~i a·ria.· manufactures ·of~ns. Boards, clapboards, deals, R~r~:. ~~_i~~~ ... ~~~.M~~~~t Laths, palings, pickets, cur-  tain-sticks, broom-handles, and bed-slats ............... M. ~~~~~goks·::::::::::::::::: :~: Other shooks, staves & h 'dings Hogsheads & bbls ., empty, No. All other lumber .... .......... . Fire-wood ...... .......... cords. Hop, hoop, telegraph and other poles. . . . . . . . . . .... ... .  14,148 739,231 124,!162 284,21}8 2,326,444 27,020,367 7,877,200 176,218 543,895 17,158 5,930,252 50,074 522,039 89,053 133,900 1,360,176 14,330  1  87,408 605 3,417 42,317 164,090  8t3;4s5 ·s.oa5  427,187  104,693  691,194  774,901  2,219,320 98,733 1,653,878 331,137 1,728.650  22,961,618  8,329,448 108,576 1,894,200 330,589 2,069.705  8,541  71,987 8,530 20!:l,046  71,455 10,548  19,217 10,750 320,333  13,024 1,368,302  42,036 lW,264  11,890 1,491,786  16,405 182,805  16,365,346  ,~;.;;I  _____ ,_____ ,_____ ,____ 782,661 5,518,283  887,599 6,928,099  Total exports of domestic merchandise ....................... .  . ..... 823,946,353  ...... 883,925,947  Carried in cars and other land vehicle, ..... ............. . ..... . Carried in American veS'sels .. . Carried in fore ign vessels ...... .  . .. .. . 8,823,558 ...... 105,W8,640 . ..... 714,024,155  ... . . . 5,481,194 . .. ... 113,590,897 •..... 764,853,856  F OREIGN EXPORTS. Articles.  1879-80.  Quantities.  - --------------FREE OF DUTY.  Arp;ols .. ......................... . Barks-Medicin '1-Peruv'n, calisaya, Lima, &c ..... ........ .lbs. * Nof lsew.b.ere apecilled.  572 405,434  1880-81.  Val ues. $  .Qu antities.  $  15  162,900  Values .  872,568  336,388  1879-80.  Articles.  1880-81.  Quantities  Quantities. Values.  -------------1-----  Barks-(Continued)Barks used for tanning.... . . . . Cork bark aud wood, unmanufactured.. . ............. . .. . ... 1 Jg~t~,: ~. Chemicals, drugs, dyes & medici~~:~*ci-uciii: ·an·d· · ieaves · ·an·a  $  2  ~.t.~~:::::::: :::::::.:::::  :Quantities. Value11.  288 414 •  Iron and steel, and manufactures of- (Contlnued)Bar iron ........ ....... ....... lbs. Band. hoop and scroll iron.lbs. l!·e~~~i~. ~~~~~: .~:. ~~~~: Hardware ....................... . 1 A~11\~~<i;~~~~~. ~.~~. ~~~. ~,b~~  1 240 576 ' ' 34  217 459 '  Ri'?£ars. or· raiis ·o:i:"ste;,ic. iiis:  $  659  .. 229 f  ·rJ  J~::  gfi~~~~~·:·:·:·::_.:.:·::..-_.·_.·_.·:·: : : ::J!i: 6,:;::Ug ~::~  3~:::::: 4,:::.:::  f~:~ 100  1U~  1f:g8!  ~tl~;~~:::::::::::::::·:::::::.:::  272  1 1.260  842  3,889  ~t~!ran~i~~i~·ctures. o·i" iron and steel* .. .... ............. .  ~:~~  32,4J  48 2,886 65,096  18,975  c~l~in, i:-wcateciii1: aiid . te~~:.:  234 729 '  ni~~~~~s~1I~~i:~::::::c~:: not Ame.rican iislier·i~~::  s't oi  ~c~i~:~*~~~~~~:::::::::~~~~:  Fur skins undressed Guano (except from·. bonded  G~~~~:."."."."."."."." ."::::::::: :·.: ~pb~  8  Gypsum, or plaster of Paris, unground . . .. . ... . ......... . . tons . H:J!h-ugf1Jin::ft8;~~~:-:-..... lbs. Hides and skins, other than furs Household and personal effects and wearing apparel, old and in use, of persons arriving from foreign countrie~. . .. . . . . India rubber and gutta percha, crude . ............. .. ....... .lbs. not· ·1nciucting. tract of ... ... .. . .... . ....... .lbs. Oils-Ve!.etable, fixed or ex-  if~d~~r: •  the ·i::~  ~~18:ti1e:oressentiaY."."::~~~:: P aintings, statuary, and other works of art of American P :;!l-8~ateriais· .. ·. ::::::: · · · ."ibs:  ~iii~~aw::::::::::::::::..::::  :ibs: Soda, nitrate of .. .. .......... .lbs. ir:.·1i:i.bars·:biocks·or·pig;s.c~::  50 17,802  Animals,  1RYn~~~~~·... .........  1;~g~  983 7,426 108,474 5,440  4,520 126,966 400  489,549 18,054 1,220  ~:m  36  4  i:~~  9,4i7  49,~~ 5,773  1Jf  22,085 104 2  ~i;~gg 2 427 •  ;;,1u  7,652  370  10,, 64  'ii~:~~ 2,71~:m i~:g~f 7il:~Y~1-- - - - 1-1,0~.~!~ --8,723,2-87  4,056,986  B:~~. in~rJ:~~I:;l~~:: 0  ·of::::: Breadstuffs and other farinaceous food-  it~::::::::::::: .".".".".".".".".".".".~~t~:  rJ~g S,7!J:igg  Wteat:::::::::::: :::::::: Wheat flour ............. .bbls.  2,924  I~!~~and"iiiscuit."::::::: ~~t~:  :~~:t  11  Mi:1di~~ c~~!/n:y~~ ~°a.mb~~~~ wheat.... .. .. .. . .. .. . . . . . . . . . . Pease, beans, and other seeds ~t\~i¥~:ttf~:g~:· and preparations of, includ~f1~1;o;;oot,pearl or hulled  ·igi~:  B ristles .. '. ... ::::::::.: : ::::: : :ibs:  1  g~:m  239,810  ii,468  12 840 '  paca, goat, and other like animals) &manufact'res ofHair, human, and manufactures of ....................... . -uHair,other, andmanufac. of " Hemp, and manufactures ofRaw ......................... tons Manufact's of, by yd . ..sq. yds. Other manufactures of* ...... . India rubber and gutta percha, manufactures of . .............. . Iron and steel, and manufactures of-  b~~t~:a:::::::::::::: :: :::::m::   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  12  ·~  ~:~~  l0, 81~:~~  t~~:~~  ~i~;Z~ 15,888  1.490  175,442  13,022 7,818  432  3 033 ] '  12,23!  ~;,zgt r~~:m  2  10,461  144,713 9,721 9,845 9 230 • 143,308  .  I  7 484 '  280  .. 2·53  ~:~¥  ... ·20  3,518 60 ·~~  108  49  15,410  2,833  2,268  9,810  2,094  6,545  233,457  42,532 14,357  664,564  103.286 13,304  28,715  3,235  38.787  4,9::it\  2,232,369 3,593,103  152,096 324,654 16,637  264 788 '  1ii:~t~  2,451,652 2,748,863 , ..... / S4l,6SO ,  450 900  450,264 42,736  237,1139 38,210  862,226 53,932  222 22,8~  16,525  772 273  1,186 5,488 613 300  69,196 69 3,711  893  5,584  25,~~  564  223 19,~~~  ~lr:~gj\~1i~~~~r~1°.r~:~t can fisheries ... . .. . ..... galls. Olive, salad .......... . . . . .galls. ~W~iih~~;,::lt~i>ie·, iix.eci~~il::  :m:·  o;~~~~ilii8re~~i~~i~r::::: Painting:!, chromo-lithographs. pf~1;~raphs, and statuary* ...  ·1itharge:::: J~:·  iie~\:ii~alria.· Other paints and painters' colors .. .................... . . . Paper, and manufactures ofothe·r !~!m~~t!~ ufactures of paper,* includ-  iv;Jf  and  Per\~f1le~rf!~Jg~sm'e tics::: : :: : ·s·toi1es '. ·.. '. ·. ·. : : ·. ·. ·. ·.~~~~: poultry Provisions (meats lard. butter, cheese, &c.), not  :ibs:  s1rrc~~~i.~~. : .~~~·t·~~~~~--::::: ~~~~;.!_:e (nitrate of potash).lbs. 1 8 1 1t~ t1iee~ ~~ . Silk, manufactures of1 .~~~.~~~~.~·:.::::::: Other manufactures of ... . .. . . Soda, and salts of~!~<t~!~fe~\~ciuciing· ·sai~s~~~ and soda-ash ... . ... . ..... .lbs. Sp1~~:t~°t s~111ii.nds· ;° ·aiscl ·gin::r (ground), pepper and · mus· ·labcs-. • •e·a··f·,·m··a··n·uf Sttraarwd·a· 0· ·d···P·.;1.m···_ ~ 1 s~;:;!~f m·oiasse:s-...:.. · · · · · · · · · · · · Brown sugar . ........... . .. .lbs. Refil1ed sugar .... . ......... lbs . irn:~ses .. d ...... · ··r·galls. cane~..a~... ~.~~·~.~.~ ...~~~t~~ Candy and confectionery .. lbs. SJ?-lphur, refined ...... , ..... cwts. 0 8 e~:~~·t·~~~. .~:~ ..• . cwts. Tr1:i' Other manufactures of .. . .•. . . Tobacco, and manufactures ofLeaf . . ...... . .............. . .lbs. Ci~ars ............. , ......... lbs. Other manufactures of ....... . Watches, watch movements and materials ................ . . . Wine, spirits and cordialsin cordials Spirits and 0 coi-iiifi~ Y~ g~~f~ si?t8Jtss. tles ..... .. ...... . .... . ..... doz. Wine in casks .... . . . .. .... galls. w~i~~ ~°a~~l~1~res.of:..:..· . . doz. Cabinet-ware, house furniture and all manufact's of wood-I< 1 B~~~d:ca~m~g. ~ .~~~M.jf 1 rimb.er: :: : : :: : : ::: :: : :~: Wool, sheep's, and hair of the alpaca, goat, and other like animals, and manufact's ofUnmanufactured ... . ....... lbs. Cloths and cassimeres ........ . Woolen rags, shoddy, mungo, waste and flocks . .... . ... .lbs. Shawls .............. . ........ .. . . Rlankets ...... . .......... .. .... . Carpets . .............. sq. yards. Dress goods .. . ....... sq. yards. Hosiery, shirts and drawers .. Other manufactures of* ...... . Zinc, spelter or tutenegue, and  I  34,299 511 45,720 7,473 18,869  164,912  2,856 55,363 13,012  54,323  1,878 59,062 52,082  9,622 13,770 6,049 1,591 1,343  and· .  !~l~  1  Inms1h~~{!~~~ ::~. ~.~-:. ... . .. .lbs. All other dutiable articles......  48,299  'l'otal value of merchandise. .  56,919 270  From warehouse . . ... . ...... . .. . . Not from warehouse ... . ... . .... . Carried In cars and other land vehicles .... . ............ . ... . .. . rarried in American vessels .. . Carried in foreign vessels .. ... . • Not el.sewhere speeifled,  4,036,647  24,759 56,061 6,839 1,089 405  119,510  269,585  10,016  19,345  616  66,743 27,925  930  !21,122 42,807  30,875  1,098 175  517,218  23,671 100  259,673  114,981  216,047  126,190  3,544  18,5\Jl 15,955  2,840  17,748 22,252  6,816  709  20,600 11,974  24,888 13,307  10,145  510  18,259  3,094  60il 5,145 175 81,015 778 31,314  331 7,005 323 42,436  7,939 8,291 511 86,705 3 3;9 47:626  3,334 12,862  964  115,346  ·s,sao  ...i62  404  43,805 7,210 248,735 114,235  26,771 6,000 6,746  328 271  4,029  1,535  12,357  18,250  13,900  16,393 4.097 3,904 7,605  'i.o··  19,506 6,536 325 64,256  6,630,370  319,717 8 861 4,842  s,011,iisi  40,723 8,517 8,881  357  403 26,644  113,3b5  is,°1354  R~~~~:r. ~  Total value of dutiable merchandise .. ................. . .. . Total value of merchandise free of duty...... . ....... . . ...  7,065 6,952,896 14,165  1,824.974 25,591 3,226,566 124,95-1  !~~~~~.:::::::::::  ;;r:t  $  23,821 4,350 30,121 3,913 20,503  ma·n~  710 3,804  ·s.ess  6,232 2,891,840  13~:~~~  103,035 68,566  50  Musical instruments .. . ... . ..... . Oils-  Values.  1,403,839 817,030 2,2914,640 85,693  M::!8J.~~f~~i~1gj:.~~!~!~~.s.'.~~~  ~3:~ ~~i~~  fg:ggg  il,053  16R,594 247,507 14,707 3-1,429 46,984  37,680 64,305  o't"~. .'  ggg ~~!~fgi:  1  520  185,703  1,206  .Ai'f~:~J~.~~1:: :::::·:::::::: :: :  8tt~r<;!~~~fl~tt:! 6t~~--~~: Hair (excepting that of the al-  J:~~  20 321 '  12 839 ' 154,188  ol~~~~f~~:S~!f;~::!ra m·ecii:  Flax, and manufactures ofManufactures of, by yard...... Other manufactures of*.. . .... Fruits of all kinds, including nuts .. . .............. . ...... .. .... Furs and dressed fur-skins...... Gla-ss and glasswareCylinder, crown or common window .................... lbs. Cvlinder &crown, pol'ed.sq.ft. Fluted, rolled, or rough plate ....... . ......... sq. feet. Cast polished plate, not silvered ....... ..... ..... sq. feet 1  24 734 '  387  including all kincts, Buttons fitted partly materials button of cines*....... .. . . . . . . . . . . . . . . . . .. . Chicory, ground or prepared, 1 0 CI~iitiii rexc·ept°of sii1i:"aiici· ~:~ cept hosiery, &c., of cotton or wool)Cut and sewed together. .. .. . . c~~l:~fn~~:~.... ."."."."."."."."ions Cocoa, manufactured, not ineluding chocolate ....... . .. .lbs. Oopper, and manufactures ofOre ..... . . .. . . ............. cwts. Pigs, bars, in11,"ots, old, and other unmanufactured . .lbs. Manufactures of...... . ......... Cordage, rope and twine, of all kinds . ................. . ...... lbs. cc:fi:ch~~~1:;J-~~~l~t~~~. yds. Prlnt'd,paint'd or col'd .sq.yds. :=HosierJ;, shirts and drawers... iib!~~~·meaniJi~t~~~se~°#~~::.~~ I Earthen, stone and China ware. Fancy goods.. . .. ............. .... . Fi~!rdl~~~f :n~e~~~Co1;.8i~:~i::;  59,325  66,220 29 815 '  ~~:-:-.......  tons R~:~~~~~~~~~. Other manufactures of* .... .. . Lead, and manufactures ofnd 0 5 id . · ·······.lbs. • ~:~la 3 168 245:481 L!at~~r anJ1~!iufactures· Leather of all kinds . . .... . .lbs. Gloves of kid, and all other 01 skin or leather . . ... doz. pain Other manufactures of ..... . . . 20,766 Marble and stone, and manufactures of* ............... . ... . . . .. . 271,642 7,rn8  !g  ·i.ooo 15S.IJ36 2,2,:m  ~8:g~  i1!i;{*r~:: ~:i ~~:: ~hi~:i; :iii1:~  Quantities.  $  J~'I~6{d !~~ :l~ei:1*~~.~~~~~~.~~~ 1U;~~ Jute and other grasses, and  1-----1----1------1----  Beer, ale, porter, and other malt B~~tiami>iiiets:. ·engrav1~~::  Aff  r;~~~  7  38,9~  ~Y~1h~t::~A~~t~~~.~::::::::: 1-----1 Total free of duty........ . .. .  57 424 '  1880-81.  1879-80.  Articles.  Values.  3  258 600 '  10  COMMERCE.  TRADE AND  181,502  318,294 1,151 144,581  55,424 41 78,305 8,748  159  13,886  288  95.826 922,850  1,596 27,833  16,636 1,254,328  214 34,565  1,544,420  185,137  886,417  105,820 212,007  45,801 8,353,905 867 77,878  332,949 70 14,190  7,892,411 616,831  948  301,925 110 187,468  2,143,430 3,589 114  61,532 96!l 221  1,834.~~~  59,sgg  6,958  36,319 1,016  11.287  60,104 2,280  882,840 41,329  392,926 74,873 SS,707  704,134 77,252  f~i:f~ 27,525 483  116 59,253  51,981  44/389  49,944  8,994 108,222 12.727  35,135 48,951 5:1,575  12,530 105,486 14,38~  60,746 46,963 70,608  38,133 1,035  370,171 2,049 1.983  55,696 1,608  606,531 3,246 16,961  8,648,520  637,586 93,105  5,507,534  991,407 166,661  48,470  3,747  ·u58  1,570 55,945 8,738 1,142 117,360 27,405 43,502  573 35,032 3,952 50,045 32g,~g 60:2ss  48,350  2,566 182,978  89,080  47,050  562,078  80,83i  1,409,432  3,287  58,955  -----1-----1-----1  306,674  7,635,319  9,728,112  4,056,986  8,723,287  11,692,305  18,451,899  7,626,162 4,066,143  9,465,434 8,985,1!65  1,915,870 3,030,569 6,746,366  2,778,114 3,364,427 12,308,858  1-----1---- - - - - -· - - - -  1-----1---- - - - - - - - -  THE MONEY MARKET. Q U OT A TI O N S:  1 8 7 4-1 8 8 1 .  The working of the money market durmg the period of the circulating medium the moment tha.t legal tender from 1866 to 1882 forms one of the most important notes became redeemable in gold. The paper money circhapters in the financial history of those eventful years. culation alone amounted to $686,580,841 on the 1st of Beginning with January, 1866, the opening of the first January, 1879, against $207,102,477 on June 30, 1860. The total increase between January 1, 1879, and Noyear after the end of the war, we find that there were then outstanding $426,231,390 in United States legal- vember 1, 1881, amounted to over $400,000,000. Comptender notes and $213,239,530 in national-bank notes. troller Knox in bis annual report remarks that the imports The full amount of $300,000,000 in national currency, of gold in excess of exports, from the date of resumption authorized by the act of June 3, 1864, was issued by the to November 1, 18 81, had been $197,434,114, and the close of 1867. During the · two years 1866 and 1867, the estimated gold production of the mines $104,150,000. contraction in legal-tender notes was made by Secretary The amount received from these two sources during the McCulloch, which is often referred to as the main cause year ending November 1, 1881, was $114,749,390. The of all the financial difficulties which culminated in the following table shows the amount of coin and currency in crisis of September, 1873. If the contraction of legal- the country on January 1, 1879, and on November 1, 1880 tenders was the main cause of financial distress, the and 1881,-the amounts of silver and gold coin, which greatest pressure in the money market should apparently include the bullion in the Treasury, being the estimates have occurred in the years 1866, 1867 and 1868. But of the Director of the Mint: it appears that there was no great pressure in those years, Jan. 1, 1879. Nov. 1, 1880. Nov.1, 1881. and only in exceptional instances were the rates for L egal tend& notes ...... $346,681,016 $34.6,681,016 $3-16,681,016 money higher than 6@7 per cent. The fact is indisputable N a tion al bank notes ... . 323,791,674 343,834., 107 360,344,250 562,568,971 454,012,030 27B,310,126 Gold coin .... . .......••. that the contraction took place in 1866 and 1867, and the s ilver coin . ............. 106,573,803 158,271,327 186,037,365 frightful pressure in the money market beg~,n four years Total. ............... $1,055,356,619 $1,302,798,480 $1,455,631,602 The national bank act of June 3, 1864, authorized the later-about October, 1871,-and continued with little intermission for nearly two years, till the bubble burst in issue of $300,000,000 national bank currency, and required September, 1873. After the immediate influences of the banks in redemption cities to keep reserves of 25 per cent financial panic of 1873 had passed away, the money market of deposits and circulation, and other banks 15 per cent; relaxed, and the ease which prevailed in the New York the · act of July 12, 1870, authorized the issue of market, with few interruptions, from January 1, 1874, to $54,000,000 additional circulation; the act of June 20 January 1, 1879, was a feature quite unprecedented. 1874, abolished reserve on circulation, required 5 per cent" The large table below shows the amount of State bank deposit at Washington to redeem circulation, and authorcirculation, national bank circulation and U. S. Govern- ized withdrawal of bonds deposited .on deposit of legal ment notes outstandiI.1g at the close of each fiscal year tenders; the act of January 14, 1875, repealed all limit to (ending June 30), from 1860 to 1881 inclusive. It is bank circulation, and authorized cancellation of 80 per estimated that the amount of gold and silver in circula- cent of greenbacks for new circulation issued; also tion in 1860 was about $200,000,000. On the first of authorized purchase and issue of silver in place of fracJanuary, 1879, at the date of resumption, there was in tional currency, and fixed the first of January, 1879, for circulation $686,580,841 of paper money, including frac- redemption of greenbacks in coin; the act of February 28, tional currency, $5,000,000 (estimated) in silver trade 1878, directed the coinage of silver legal tender dollars to dollars, about $20,000,000 in new legal-tender dollars, the amount of $2,000,000 to $4,000,000 per month; tha and $39,931,957 in subsidiary silver coin, to which act of May 3, 1878: prohibited the furtker retirement of must be added all the gold coin which became part green backs. STATEMENT SHOWING THE AMOUNT OF srA.TE, NATIONAL BANK AND UNITED STATES NOTES, ~ &C., OUTSTANDING EA.CH FISCAL YEAR (ENDING JUNE 30), FROM 1860 TO 1881, INCLUSIVE.  Yea.rs.  State Bank  Circulat ion.   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  Bank Circulation.  $  207,102,477 202,005,767 183,792,079 238,677,218 179,157,717 142,919,633 19,996,163 4,484,112 3,163,771 2,558,874 2,222,793 1,968,058 1,700,935 1,294,470 1,009,021 786,SH 658,938 521,611 426,504 316,861 1879 ····· 283,308 1880 ..... \ 274,941 1881 ····-  1860 ..... 1861 ..... 1862 ..... 1863 ..... 1864 ..... 1865 ..... 1866 ··-·· 1867 ...•. 1868 ···· · 1869 ..... 187(; ..... 1871 ..... 1872 ..... 1873 ----1874 ..... 1875 .••.. 1876 ..... 1877 ..... 1878 .....  National  Compound inU.S.Demand One and two- terest notes Legal Tender notes, Acts year notes (5 (6 %interest), Fractional  $ $ --··· -·· ---· ·-········ ......... ........ . ---·-···-··· 5i,o,io~ooo  .... . .. ......  31,23 5,270 146,137,860 281,479,908 298,62 .-,,379 299,762,855 299,929,62! 299,766,984 318,261,2•.11 337,664,795 347,267,061 351,981,032 354,408,008 332,998,336 317,048,872 324,514,284 329,li91,697 344,505,427 354,842,275  I  Notes.  July17 and Aug. 5, '61.  l  3,351,019 780,999 472,603 272,162 208,4~2 141,7:?3 123,739 106,256 96,505 88,296 79,967 76,732 70,107 66,917 63,962 62,297 61,470 60,975 60,535  %int.), Act of Act March 3,  March 3, '63. '63, and June 30,'64.  $ ..... ........... .............  $ ..... ..... ..... . . .. .. .......  96,620,000 297,767,114 89-,879:475 4:ll, 178,670 153,471,450 432,697,966 42."38,710 400,619,206 S,454,230 371,783,597 1,123,630 356,000,000 555,492 3 ,' 56,000,000 347,772 3i'i6,000,000 248,272 356,000,000 198,572 357,500,000 167,522 356,000,000 142,105 332,000,000 i 27,625 87.'S,77] ,580 113,375 369,772,284 10!,705 95,725 3~9,764,332 346,681,016 90,485 3-!o,ti81,016 86,1851 82,485 346,681,016 79,985 3!6,681,016  l  I  $  ····--······ ....... .... .. .  Currency.  $ ........... . ...........  ·-·········· 20·,192:456 ---·- ······· 22,894,877  15,000,000 193,756,080 159,012,140 122,39-1,480 28,161,810 2,871,410 2,152,910 768,500 593,520 479,400 415,210 367,390 328,760 296,630 2'.!4,920 2.:>9,090 242.590 230,250  25,005,828 27,070,876 28,307,523 32.626,951 32,114,637 39,878,684 40,582,874 40,855,835 4-!,799,365 45,881,295 42,129,424 34,446,595 20,403,137 16,547,76~ 115,812,60.:, 7,214,954 7,105,953  AT THE  Valne of paper  Total.  $  CLOSE OF  Value o:t  dollar in currency in coin, gold. July 1.  $  207,102,477 . ........ 202,005,767 333,452,079 6-19,867,282 0 76.6 833,718 ,984 0 38.7 0 70.4 983,318,685 891,904,685 0 66 826,927,153 0 71.7 720,412,602 0 70.1 0 73.5 693, 94ti,056 700,375,899 0 85.6 717,875,751 0 S9 0 87.5 738,570,903 0 86.4 750,062,368 0 91 781,490,916 0 87.2 773,646,728 0 89.5 738,376,535 0 94.7 698,194.,269 0 99.4 688,597,275 \ 6\12,908,92-l 11 1 00.0 699,070.755 1 00.0 709,2i 4.,955 1 OO·O  ·o·s6:6  $  ······-····· 288,769,500 497,798,338 322,649,248 692,256,354 588,657,092 592,906,769 505,009,234 510,050,351 599,521,'Z69 638,909,418 646,249,540 648,053,886 711,156,733 674,619,347 660,846,999 661,189,973 684,465,691 \ 692,908,924 699,070,7f>5 709,274,955  21  THE MONEY MARKET.  QUOTATIONS FOR CALL LOANS AND COMMERCIAL PAPER. The following quotations are compiled from the rates current each week in the New York money market. It is obvious t, there being no definite "posted" rate for money, as at the Bank of England, the figures given are necessarily the roximate prices current among brokers and dealers in commercial paper.  18"4. Call Loans. 6 @ 1-32 5 @ 7 5 @ 7 5 @ 6 3 @ 6  ek end'g Friday. 'y 2 ........ 9........ 16........ 23.. . .. . .. 30 ........  3 ® 5 3 @ 5 3 @ 5  20........ 27 ........ h. 6........ 13 ........ ' 20........ ' 27 ........ ril 3 ........ ' 10........ ' 17 ........ ' 24........ 1.... .. . 8........ ' 15........ 22....  3 @ 4  3 @ 5 4 @ 5 3 @ 5 8 @ 3 @ 3 @ 3 @  4¼ 5 7  5 3 @ 4 2 @ 4 2 @ 4 2il ....... 2 @ 4  '  ,1;ie_  8 @ 9 7 @ 9  7 @ 8 61/,@ 8 6 @ 8  I g g½i i½ ::  'y1t:::::: :  5½@ 5½@ 5 @ 5½@  6 6 6½ 6  @ 7  ti  6 @ 5½@ 5.½@ 5½@  7 7 7  6  6 @ 7 6 @ 7 6 @ 7  5 @ 6 5 @ 6  4¼:®  181"8.  Week end'g Friday. July 10 .... .. .. " 17..... " 24.. .. .. .. " 31.. .. .. .. Aug. 7 ........  Prime Paper.  6  g 1L:: ..:::·.. 2~ ! :3 i½! 5 @ 6 19  M::: .....  30.... . .. .  "  ::  ... @ 5  ... @ ... @ 5 @ 5 @  ii  ~  " 28........ 2 @ Sept. 4 ........ 2 @ " 11........ 2 @ 18 ........ 2 @ " ,, 25..... . .. 2 @ Oct. 2 ........ 2½@ 9 ........ 2½@ " Hi...... . . 2½@ " " 23 ........ 2½@  Nov. 6.. . .. . .. " 13.... . . .. " 20... . .. . " 27 ... . .... Dec. 4 ........  Prime Paper.  Call Loans. 2 @ 3 2 @ 3 2 @ 3 3 @ 3 2 @ 3  ~  8 3 3 3  2½ 5 3 4  4  2 @ 3 2 @ 3  2½@ 4 3 @ 4 2 @ 3½ 3 @ 5  5 5 6 6  t~  4½@ 6 6½@ 7¼ 6½@ 7½ 5½@ 6½ 5 @ 5½ 5 @ 7 5½@ 7 5½@ 7 5 @ 5½ 5 @ 6 5 @ 6 5 @ 6  5 @ 6½ 5 @ 6½ 5½@ 6½  ~ ! t i½! g>k IL:::.:: 5½@ 6 4 24.... . . . 2  @ " @ a @ 6 \ " 31. . . • . . . . a @ 7 6 @ 6½ 26. . . . . . . . 2 @ 3 3 ...... I 2½@_5_ _6 - - = ® " - - 1 - ' - - - - - - - - - - ' - - - -  " " y  181":i. eek ending Call Friday Loans. 5 @ 2 n. 8....•. 2 @ 3  :: it-:·.:: 29 ..  "  5 ...... . 12..... .. 19...... . 26.  eb. " " "  @  2  a  2 @ 3 2 @ 3  2 @3 2 @3 2 @ 3  ch. 5...... . 3 @4  12.... .. 3 @ 6 2½@5 19.. 2¼@ 4½ 3 @ 6 ril 2... 9..... . 3 @6 •. 16...... . 2 @5 .. 2 @4 .. 23. " 30..... . 2 @ 4 ay 7...... . 2¼@ 4 " 14. ..... . 2½@3½ " 21. ..... . 1½@3 " 28..... .. 2 @3 e 4...... . 2 @3 ., 11 .... .. 2 @ 3 :: 18..... . 2 @2½ " "  26 ...•.. .  "  25•.•.•. 2 @ 2¼  uly 2...... 2 @2  Prime Paper. 5½@ 6 4¼@ 6  4 @ .... 4 @ 6 4 @ 6 4,½@ 6  @6  5 4 5 5  @ 6 @ 6¼ @ 7  5¼@ 6 5½@6½ 5¼@ 6¼ 5½@ 6¼ 5½@ 6½ 4½@5½ 4 @5½ 4 @5 4 @5¼ 4 @4½  3½@ 6 4 4 4 4 4  @ 6 @ 5 @ 5  @4½ .@5  "  14 .•••..•.  " "  21 ... .. 28 . ..... ..  :r~p-  ,4.. .•.  Call Loans. 5 @7g 3 @7g. 4 @ 5 4 @5 3 @ 5 3 @5  ,1 ....... 2 @ 4 " 18 3 @4 " 25 ... .. :M'ch 3 ...... . 3 @4 " 10 ...... .. 2¼@ 4 3 @5 " 17. 3 @ 5 " 24 .•••. 3 @ 5 " 31. .. .. Av,ril 7 ...... .. 3 @ 5  14 . ..•... . 3 @5 3 @ 4 " 21 " 28 . .•.••. 2,½@ 4 May 5 ....... . 3 @4½ '  "  3  12 ..... .  @4  " 19 ..••... 2½@ 4 " 26 ....... . 2 @ 3 J~~e 2 ....... . 2 @4  ., }L:::::: ....... .  " "  23 30~ . •.••  Week end'g FridayJan. 5 ...... " 12 ...... " 19 ...... "  @3½  l¾@ 3  1~@ 8 2 @4  Call Loans. 6 @ 7 g.• 4 @ 7 4 @ 5  .26 .. . ... 4 @ .. •  Feb. 2 ...... 9 ...... " " 16 ...... " 2.1...... Mar. 2 .•••• "  2  !I • . ••••  ·• lli •..••. " 23 ...... " 30..... A.pril 6 ....  3 @ 4 @ 4 2¾@ 4 2½@ 4 2½@ 4 11/s@ 2 2 @ 4 2 @ 7 2 @ 3 2½@ 6 2 @ 7  a  .,  1::l... .  "  i(Q.. • • • • 2 @ 4  " 27 ..... 2 @ 4 May 4. •• . • 2 @ 3 •• 11. .•••. 2 @ 3¼ 18 ...... 2 @ 3 25 ••••. l¼@ 3 June 1. ••••• 1¾@ 3 " "  Prime Paper. 6½@7¼ 6 @7 5¾@7 5½@6¼ 5 @ 6 5 @5¼ 4¼@ 6½ 6 @ 6 5 @6 4½@ 5,½  5 @6 5 @ 6 5 @6 5 @6 5 @ 6 5 @ 6 5 @ 6 5 @ 6 4¼@ 6 4¼@5  4½@ 6 4 @IS 4 @ 6 4 @5  4 @ 6 4 @IS  Week ending Call FridayLoans. July 9..... .. 2 @ 3 ., 16...... . 2 @ 2¼ ' 23...... . 2 @ ... "• 30 ... . .. . I¾@ 5 Aug. 6 ..... .. l,½@2¾ •. ;13 •.••... 1½@2¼ ' 20 ...•. l,½@ 3 •. 27..... . 1½@ 2¼ Sept. 3 ... . .. . 1½@2¼ ,. 10... .. 1½@ 3 " 17..... .. 2 @ 3  Prime Paper. 4 @ 5 4 @4½  4 @4¼ 4 @ 4¼ 3,k@ 5  4½@5¼ 4½@ 5½ 4½@ 6 5 @ 6 5 @ 6 5¾@ 6 5,½@ 7  24..••.•. 2 @ 3 1. .... .. 2 @ 3 8.. .... . 2,½® 4 " 15 ..... . 2 @4 " 22...... . 3 @ 4 " 29 ..... . 2 @ 5 Nov. 5 ...... . 2 @ 6 ,,  Oct.  5½@7 5½@7 5½@ 7 6 @7 6 @ 6¼  ,..  12...... . " 19...... . " 26 ...... . Dec. 3..... .. .,  " " "  3 3 3 3 10..... . 3 17. . ... . 4 4 24. . . . 31. ... . .. 3  Week ending Friday. July 7 ..•• , .  6 @ 6 @ 6 @ 5,½@  5 5 5 7 5 @6 @'ig. 7 . @ @ @ @ @  7 7 7  7 6 @ ... 6 @ 7 6 @ 7  6.¾@ 7 6½@  lli  4½@ 4 @ 4 @ 4 @ 4 @ @ 4 @  4  8,½@ 4 @ 4 @ 4 @ 3½@ B½@  3½@  8,½@  3¼@  "  8 ...... .  " ''  15 . .... . 22 . ... ... .  "  29 ...... ..  6 ....... .   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  l¼@ 2¼  1¾@2  3 @4  3 @ 4 3 @4 3 @4 3 @ 4  1¾@. 2½  1 @2 @2½ l l @2¾ 1 @ 2½ 1¼@ 2¼ 1½@ 2¼ 1¼@ 2¼ 2 @4 2 ca. 3  "  10 ...... . 3¼@ 5  "  22 ....... . 4 @6 29 ..•.•••. 5 @T  "  27 .....  "  7f  l13 ••••• . 4 @ 6 4 @ 7  5 4 IS 5  @ 7 g.  @ 6 @ 7* @ 7*  4¼@5¼ 6 @ 6 5 @7 5 @ 6>, 5 @6¼ 4 @ 6 @ 6  5 @6 5½@ 7 5¼@ 6¼ Q @6¼  Prtme Paper. 8¼@ 4¼ 8¾@ 4¼ 3½@ 4¼  6 4 3 5 5 5 5 6 7 7 7@7 g.  7 7 7 6  3½@ 4½ 4 @ 5 4 @ 5 4 @ 6  5  Call Loans. 1 @ 2 1¾@ 2 l¼@ 2 l¾@ 2¼  3 @4  5 @ 6 IS @ 6 5 @6  " 17 .... ··•· 3 @ 4 ,, 24 . ...... . 3 @ 4 Dec. 1 ....... . 3 @ 6 8 . .•••••• a @ 7 •• " 15 ...... . 3 @5 "  4 @ 5 3 @4½'  1,½@ 2½ 1 @2  5½ Aug. 3 ...... 2 @ •· 10 ...... 2 @ 5 " 17 ..... 2 @ 5 " 24 ...... 2 @ 5 " 31 ...... 3 @ ~ Sept. 7 ..... . :l½@ 5 •· 14 ...... 3 @ 5 " 21.. .... 8 @ 5 " 28 ...... 8 @ 5 O~f· 5 ...... 4 @ 5 12 ...... 5 @ 5 " 19.. . .. . 5 @ 5 " 2ti.. .... 6 @ 5 Nov. 2 ...... 5 (o, 5 9 ..•.•• 5 ® " 4¼ " 16 ...... 4 @ 4¾  3 @ 4¼ 8½@ 4¼  8 ..... 1 @ 3  @a  13 ... ••.. 3 @ 4 20 27 ...... .. 2 @4 Nov. 3 ...... . 3 @4 '' " "  " 30 •••• . • 8½@ 4¾ Dec. 7 •••••• ., 14 •••••• 3½@ 4½ 15 ... . .. 1 @ 2¼ " 21. ••••. 3¾@ 4½ " 22 •••••• l @ 2¼ ~··-~--~·-·-'.-.(~j ~~---4----~---4.,¼~~-" 28 ..... ·~"1~pc;rtll~  "0  ~  14 ....... 1 21 .•...•. ' " 2.:< ...... .. Aug. 4 ....... . " 11 ...... .. .. .. " 18 " 25 . . . e ept. 1. ... . . ..  Oct.  Prime P11per.  Call  Loans.  "  Week end'g Prime FridayPaper. 5¾@ 6¾ July ti ...... 13 ...... " 5 @ 6¼ W ••• ••. " 4½@ 6½ 4¼11> 6¼  "  " " "  8¼@ 4½  4½@ 6 5 @ Ii 4½@ 6,¼ 4 @ 1 5¼@ 7 5½@ 7 6 @ 7 5¼@ 7  6 @ 6 @ 6¼@ 7 @ 7 @ 6@6½@ 6 @ 6 @  7 8 i! 8 8 7)4 7 8  5½@ 6,½ IS @ 6¾  5 ®  ti  5 @ 6).: 5 @ 6 5 @ 6~  Call Loans. 7 @ ,1.(p.d.  6 @7 5 @ 7 4 @ 6  5 @ !I½ 5 @ 6¼ 5 @ 6,¾ 5 fit, 6 41/a'@ 5 4¼-W 6 4¼@ 6 4½@ 6  4 @6 4 @ 6 4 @ 6 4 @ 5  4 4 4 4  ~  @ @ @ 4 @  Week ending Frida:,July 5.. .... . " 12.... ... " 19... . " 26.. .... Ang. 2... . ..  Prime Paper. 5 @7 b ® 7 5 @6¼  5 5 7 5  9 ......  "  Prime Call Loans. Paper. 1 @ 2¼ :-,¾@ 4 1 @ 2){ 3J,@ 4 1 @ 2½ 3 @. 1 @ 2¼ 1 @ 2½ 1 @ 2½  3 @4 3 @. 3 @ 4 3 @4 4 ® 5  1 @ 2.J,p  3¾@ 4 4 @ 5 4 @ 5 4 @ 6 4 @ 6 4¼@ 6  " ,,  Hi ...... . 1 @ 2½ 23 ....... 1 @ 3  "  30 . .. ..  Sept. 6... . . 1 @ 2¾ " 13 ....... 1¼ ~ 3  " ~o . .  4¼@5¾ 6 4½@ 5~ 6 @1-32p.d. 4¾@ 6 5 @ 6 5 @ 7 5 @ 6 4 @ 6 5 @ 5¾ 4 @ 6 5 @ 5¼ 3 @ 5 4 @ 5¾ 3 @ 5 i @ 5¾ 4 3 3¼@ 5 2 @ 4 3¾@ 4½ 2 ca 4 2 @ 4 3¾ ~ 4½ 3½@4¼ 2 @ 3½ 14 .. . 3¾@ 4 2l. ..... . 2 @ 3 3 @ 4 28 ..... .. 1 @3 .  22 ...  " 29 ..... .. A\fril5 .... .. " 12 ... .. " 19. " 26 ...... . Hay 3 ..... . " 10 . . .... . " 17 ..... .. .. 24 . . .. .. " 31 ...... . .Tune 7 ...  1¼@ 3  2 ((2) 4 "27 ... Oct. 4... .. 3 @ 5 " 11. .... .. 4 @ 7 " 1B... . .. 4 @ 7 "  25 .......  4 @ 6 4 @ 6  ••  22 .......  3 @ 5  " Dec. " " ,.  29... 6... 13. 20...... 27... ..  2½@ 2½@ 2½@ " @ 4 @  Nov. 1. ...... 4 @ 5 8... " 3 @ 4 " 15 . ..  4½@ 6 5~@ 6  5 @ 6 5 @ 6  5 @ 6 4¼@ 6 4½@ l.l(  4  4 @53'  6 4 7 6  4  ®  5~  4 @ 5~ 5 @ 6 4¾@ g  1879.  w 'kend'g  181"6. Week ending Friday. Jan. 7 ..• . .•.  Week ending FridayJan. 4 ..... . " 11 ... . . . " 18 .. . " 25 ..... .. Feb. 1. .. 8 ..... .. " " 15 ...... . " 22 ..... .. Mch. 1 ...... . 8 ..... . " " 15 .... ..  Friday.  .  J an.  3 ..  10 .. 17 .. 24 .. 31.. 7 .. 14 .. 21.. " " 287 .... Mch. " 14 .. " 21 .. " 28 .. A pril 4 .. " 11.. 18 .. 25 .. M "~y 2 .. 9 .. " 16 .. .. 23 " " 30 .. J une .. 6 ., 13 .• .. " 20 " 274 .. r nly ..  .  " " F eb.  ..  .  Prime Call Loans. Paper. 4 '@6 412'@5½ 4 '@5 12 2 '@4 4 '@5 2 '@312 3121z)4¼ 112@3 3121z)4 1121z)3 3 1z)4½ 2 '@3 1121z)7 3 '@4-½) 3 '@412 112W4 112'@4 3121l!4¼ 4 '@5 2 '@5 4 '@5 2 '@5 4121z)6 3 '@7 6 5 ·@7 & 132 p.d. 6 @7 4 '@7 6 '@7 4 @7 5 1z)5½ 3 '@5 4 1i)5 3 '@5 ,1 W5 2 W4 4 '@5 2 W4 4 '@5 2 '@7 4 1l!4½ 212W4 4 1i)5 2 1@7 3121z)5 212'w6 312w5 2 ,ZZ,! 4 '@5 2 1@4 3121z)412 2 al4 212@6 13~1il,5  Prime Call Loans. Pap(Jt. 312@4 2 '@4 312@4 212'@3¼} 3 @4 112@3 3 '@4 1121li3 4 @5 2 1i)5 3 1l!7&11aP•d.5 1l!6 5 '@6 4 '@7 4 @7 & 1s2P• d. 6 @7 512@6 5 '@6 5 1l!6 5 1@6 5 1@6 4 1@6 5 @6 5 @7 6 W7 & 31sp.d.. 512@6 @6 5 @7 4 5 @7 & 14p.d. 5 @7 512'@6 p.d. 14 & 1z)7 5 5 1l!7 & 14 p.d. 512'@6 6 11;7 & 3a p. d. 6 '@7 5 W7 & lg p.d. 6 '1i6 4 W7 & 3a p.d. 6 1@6 4 '@7 512W6 fi½'@6 4 @7 @7 5121li6 512'@6 19 .. 4 @7 26 .. 4 @7 & 1s2P• d. 5½@6 31.. 5 @7 & 116 p.d. 5121@6  W'kend't Friday. July 11.. " 18 .. " 25 .. .A~g. 1.. 8 .. .. " 15 " 22 .. .. 29 " Sept. 5 .. .. 12 " 19 .. " 26 .. " Oct. 3 .. " 10 .. 17 .. ",; 24 .. .. 31 " Nov. 7 .. .. 14 " 21.. " 28 .. " Dec. 5 ..  "  I  " " "  12r  1880. Wk end'g Friday.  Call  Lo  ans.  Prime Paper.  w;~i~~d'.g  Jan. 2 .. 5 @6 & 116 p. d. 5121z)o12 July  9 .. " " 16 .. " 23 .. " 30 .. Feb. 6 .. " 13 .. " 20 .. " 27 .. Mch. 5 .. " 12 .. " 19 .. " 26 .. A..pril 2 . . 9 .. " " 16 .. " 23 .. " 36 .. May 7 .. " 14 .. " 21.. " 28 .. June 4 .. " 11.. " 18 .. " 25 ..  4 1li6&l32P,d,5 1i6 5 '@6 3 @6 5 @5¼ 4 '@6 5 'al512 3 @6 5 1l!5½ 3 'w6 5 '@512 4 '@6 5 '@512 3 '@6 5 @6 3 1i)6 4 @6 & l1sP• d. 5 1l!6 4 @6 & 1~2 p. d. 5 @6 4 'i!6 & 116 p. d. 5 1z)6 4 1l!6 & 116 p. d. 5 ~6 4 1il6 & 116 p. d. 5 1l!6 4 1z)6& lgp.d.5 1l!6 4 @6 & l1s p. d. 5 1l!6 3 1l!6 & 116 p. d. 5 1l!6 5 'a'6 3 '@6 5 1l!6 3 1z)6 5 '@512 3 '@6 5 @512 212'@5 4121z)5 2 @5 4121z)5 2 w5 4121il5 2 '@4 4 w412 2 1@4 4 @5 2 @3  I  i!~~:.  Call Loans. 4 @5 @4 4 @5 1@3 4 '@5 2 @3 312'@5 2 @3 4 @5 2 1v3 4 @5 112'@3 412'@519 112ii>4 5 1i5¼ 112·iv3 5 · @5¼ 2 @3¼ 5 'il>5¼ 2 1l!5 5 @5¼ 2 @3 5 W5¼ 2 1z)3 5 @5¼ 2 @3 5 @512 2 1li3 5 @512 2 1v3 5 ~5¼ 2 'iil3 5 @5¼ 212'@4 412'@5 212'@4 5 @5¼ 3 1l!5 5 1@6 3 'a>5 4 1l!6&139p.d.5 @5¼ 5 @6 & 11 6 p. d. 5 @6 6 6 @6 & 3gp. d. 5 ·w6 & 1 16 p. d. 6 @6¼ 5 @6&116p.d.6 1l!6¼ 512@6¼ 5 @6 5 @6 4 ·@6  L 22  9 .. " " :r6 .. " 23 .. " 30 .. .Aug. 6 .. " 13 .. " 20 .. " 27 .. Sept. 3 .. " 10 .. " 17 .. " 24 .. Oct. 1.. 8 .. " " 15 .. " 22 .. " 29 .. Nov. 5 .. " 12 .. " 19 .. " 26 .. Dec. 3 .. '' 10 .. ·' 17 .. " 24 .. " 31. .  1881.  Prime L Wkend'g Paper. Call oans. Friday. 5 1l!5½ Jan. 7 .. 4 @6 5 1z)512 " 14 .. 4 @6 5 1z)512 " ~1.. 4 @6 5 @512 " 28 .. 3121l5 5 1l!5 1i! Feb. 4 .. 3 @6 5 ll'6 " 11.. 3 1v6 5 W6 "18 .. 3 'aJ6 "25 .. 3 1z)6&1 J:}.d.5 @512 :\Tch. 4 .. 5 W6 & 14 p. d. 5 'alt> 5121z)6 ,. 11 .. 5 1i-6 " 18 .. 4 1l!6 & 164' p. d. 5 1z)6 5 @6 25 .. 4 '@6 U A.pril 1.. 4 1z>6 & l1s p. d. a 1i>6 5 1il6 8 .. 3 @6 " 5 'ro512 " 15 .. 3121z)G 5 1i 512 " 22 .. 3 '@6 4121il5 " 29 .. 3 1v5 4 1z)5 \lay 6 .. 3 1z)6 4 1b412 " 13 .. 2 @4 3121i>412 " 20 .. 2 W4 3121v4 " 27 .. 2 'ro-1 3 ·@4 June 3 .. 2 W4 3 @4 " 10 .. 2 @4 3 •@4 " 17 .. 2 W6 3 @4 "24 .. 2 w3lg 3 @4 July 1.. 2 W4  Prime Wkend'g Paper. ! Call Loans. Friday. 4 1li412 July 8 .. 2½1il6 4 @412 " 15 . 212 @4 3 1l!412 " 22 .. 2 w 4 3 1l!412 " 29 .. 2121M 3 W412 Aug. 5 .. 2 "V4. 4 1il5 '' 12 .. 2 W312 "19 .. 2121il6&316p,d.5 1i>6 1z)6&l1sP- d.5 Wo "26 .. Sept. 2 .. 5 1l!6 & 116 p d. b 1z)6 5 1i>6 9 . . 4 @6 5½·@6 ·• 16 . 4 1l!6 512'@6 23 .. 4 ai6 H " 30 .. 5 1i6 & 116 p. d. 512@6 Oct. 7 .. 5 @6 & lg p. d. 6 W612 '' 14 .. 4 W6 & 116 p. d . 6 '@612 6 1z)612 " 21 3 '@6 6 1z)612 " 28 .. 4 1i6 6 1l!612 Nov. 4 .. 3 @6 6 @612 " 11.. 3121i> 6 6 @612 " 18 .. 3½-'ii'6 " 25 .. 312@6 & 132 p. d. 6 ·@612 D ec. 2 .. 3 121&6 & 1 16 p. d.- 6 1l!612 9 .. 312@6 & lg p. d. 6 W612 " " 16 .. 31211;6 & 116 p. d. 6 '1i612 "23 .. 3 W6&lrnp d.{I @6½1 " 30 .. 212@6 & 116 p. d. 6 @6¼}  ,5  MOVEMENTS OF GOLD AND SILVER. UNITED STATES AND EUROPE. GOLD AND SIL VER SUPPLY. Iof silver. There has, however, been considerable varia For many years it has been our custom to bring tion in the sources of this supply, Nevada having furnishe together at this season, the statistics of gold production, over 41-100 of the gold in 1877-78 but this year furnishe distribution and visib~e supply. This examination was only about 7-100; whereas California .has of late year b not limited to the United States, though in many particu- year been returning to its old leading position, having i lars the results as to other countries were imperfect, the 1880-81 contributed over 52-100 of- the total production o reports available being very incomplete. Such an inquiry that metal. It will be of interest to note this chang was first suggested by the publication early in January which is taking place in the sources of supply, and w of Mr. Valentine's details as to the supply from our mines, have therefore prepared the following which indicates the the bullion dealers placing more reliance upon his figures annual proportion of each of the leading contributors fo1 than upon ~ny others. Since, however, Mr. Burchard has a series of years. - - - - - - -_-1. - - -------------been Director of the Mint his bullion and coin compilations 1880 8 1879 _80 _ 1878 _79 _ 1877_78 . 1876_77 . have deservedly been received with increasing confidence; Percentage -_--...;- --:----7 -_--...;- --.--~- --.--..-. and as he has extended his investigations into other counof Total :S ~ :S ~ :S ~ :S ~ :S ~ tries we gladly avail ourselves in the present review of Production. cS ~ cS ~ cS ~ cS @ cS ~ some of his results. - - - - - - - - - -- - - - - - - - - - - - - GOLD .A.ND SILVER PRODUCTION OF THE UNITED ST.ATES.  Mr. Valentine's usual compilation for the United States brings down the production to the 31st of December. According to it, the year's supply of gold and silver from our mines has been $77,000,000, of which $31,869,686 were gold and $45,077,829 were silver. These figures, as will b~ seen, differ very materially in their details, though not so largely in the aggregate of both metals, from the Mint statement. We can only reconcile them on the basis that a greater proportion of gold is secured· on refining the silver and lead bullion of Mr. Valentine's statement than his estimate allows. For the fiscal year ending June 30 Mr. Burchard gives the gold production at $36,500,000 and the silver at $42,100,000. The silver, however, is, for reasons we do not understand, given in the "coining value;" which being added to gold makes the total utterly unintelligible. We presume from the fact that the year's commercial value is stated to be in gross about 3 7 millions, that the Director intends us to understand "coining value" to mean standard dollar value and not the " coining value" for subsidiary silver or for tra<ie dollars. We have therefore revised his statement of silver, reducing it to commercial values on the basis of 12 per cent reduction, and with that correction give the statement for the last two years in detail.  California .. 52·1 02·1 48·6 02·8 45·2 05·9 32·3 05·1 33·3 02·6 37·4 01· Colorado . . . 09·3 35·6 08·9 -13·4 08·3 28·6 07·1 11·5 06·7 11·6 06·9 10·5  I  Dakota ..... 12-3 00·1 10·0 00·2 06·2  t  06·4  oo·o 0i·4 oo·o 02·1 oo·o  Idaho ........ 05·3 102·6 05·5 01·2 03·1 01·6 02 ·4 00·4 03·3 00·5 03·7 00·8 Montana .... 06·8 '05·5 06·7 06·-! 06·5 05·5 04·8 03·6 07·1 01·! l6·6 03·0 Nevada ...... 07·4 21·1 13·3 27·8 23·1 30·8 41·4 60·2 39·9 6tM, J5·6 65·0 Oregon_._ ... 02·8 00·2 03·0  1 03·0  1  02·1 00·2 02·2 00·3 03·2 00·0  .All others ... 04·0 32·8 04:0 18·2 04:6 27·6 03·5 19·0 03·116·3 04·5 19·2  Total .... 100 100 100 100 100 100 100 100 100 100 100 100  Tot.-i:r'duc'n" 36.5 37,0 36,0 34,5 38,9 40,8 47,2 46,7 45,l 38,9 46,8 38,5 * This liueindica tes tho actual total production-00,00Us being omitted . .As, for instance, 36.5 means that $~6,500.000 of gold was the total yield of the mines in 1 880-8 L, a cco1·ding to the Mint report. t The production or silver in Oregon was in the year 1879-80 only 00·03 per cent and in 1878-79 00·05 per cent. t '.rhe production of silver in Dakota was in the yeal' 1878-79 only 00·015 per cent. GOLD PRODUCTION OF THE WORLD.  With regard to the gold yield of other countries, there has al ways existed much uncertainty, the resalts reached. partaking largely of estimate. In fact, up to within a very few years even our own contribution to the world's supply has been by no means certain. The current report as to Australia has varied from 25 million dollars to over 30 millions; and Russia has been credited with about the same amount. Where the supply of Russia lodges, is a difficult problem to solve, as the official export tables only show from 5 to Fiscal Year 1880-81. Fiscal Year ! 879-80. State or Territory _ __ _ _ __ _ _ , _ _ _ _ _ __ _ _ 6 million dollars as the ordinary net gold export, and as Gold. Silver. Total. Gold. Silver. Tot al. they have an irred~emable currency it cannot be in active On the other hand, Australian export tables .Alaska.... . ........ , .ooo .. ~-.. .. , .ooo \ ,ooo .. ~- .. . . \,ooo circulation. Ari_zona .- . . . . . . . . . . 770,0UO 6,860,000 7,630,000 400,000 1,760,000 2,160,000 Cahforma ......... 19.000,000 760,000 19,760,000 17,500,000 968,000 18,468,000 will account for more than the full production generally Colorado...... . . . . 8,400,000 18,186.000 16,586,000 8,200,000 14,960,000 18,160,000 Dakot~.... .. .. . . 4,500,000 50,000 4,550,000 8,600,000 62,0001 8,662,0l,O credited to it. The statistical abstract for the Australian Georgia. . . . . . . . 150,000 . ...... 150,000 120,000 . ....... 120,000 Idaho.... . . . . . . . . . 1,980.000 965,000 2,895,000 1,980,000 898,000 2,378,000 Colonies gives the net gold exports for 1876, 1877, 1878, Montana . . . . . . . 2,500,000 2,020,000 4,520,000 2,400,000 2,200,000 4,600,000 Nevada...... . . .. ... 2,700,000 7,790,000 10,490,000 4 ,800,000 9,593,000 14,893.000 New Mexico . . . . . . 120,0t:O 235,000-I 355,000 180.000 874,000 504 000 at £19,222,07 4, which would be a yearly average of North Carolina... 75,000 .. .... .. 75,000 95,000 .. . . .. . . 95:ooo Oregon . . . . . . . . . 1,000,000 70,000 1,070,100 1,090.000 18,000 1,108,000 £ 6, 407,000, or about 31 million dollars. Aside from these ~~':i1iihe~~~o_I~~-~::. 1~:888 : : : : : : : : 1~;888 . :. ~ :~ : : : : : : : : . :_ 5 • ? ~~ three sources-United States, Australia and Russia-comUtah... . ....... . ... 200,000 5,020,000 5,220,000 210,000 4,172,000 4,382,000 Virginia........... 11,000 .. .. . . .. 11,000 10,000 .. .. . . .. 10,000 merce appears to receive very little gold; that is to say, ;~1:n~~~~-: :-::: 1010,000 ~:888 ::44,000 ::.::: 154,000 ~:888 ~14,000 :888 :..::. :..::..::. 4~:888 Othec..... . .. .. .. .. 14,0uO the other producers are all small, and absorb-as is shown - - - - - - - - - - - -- - - - - - - - - Totall..... . .... 86,500.000 87,000.000 73,500,000 s n,000,000 84,500,000 70,500,000 by the expoTt and import movement of European countries The above makes the silver and the gold production in -as much as they contribute, and some of them considerthe United States, now about equal, the total for the ably more. With these suggestions we reproduce ·here two years being $72,500,000 of gold and $71,500,000 Mr. Burchard's interesting statement of the actual yield of   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  I  MOVEMENTS OF GOLD .A.NJJ SILVER. 1 the gold and silver mines at the present time, which is obably as accurate as it is possible to make such a comlation. In foot notes will be founrl the authority for the ures-we of course reduce Mr. Burchard's United States Iver production from standard-dollar to commercial luation for the year 1880, leaving the other years changed, as the previous reports do not say that the eld is stated in "coining values, " and the reasonable esumption is that it is not. WORLD'S PRODUCTION OF GOLD AND j'SILVER.  23  mation supplied to the London Economist. Since that date they are the fiirnres obtained by Mr. Burchard of the United States Mi ,,t. The figures in Column 4 are based upon a general estimate ma.de before the Parliamentary Silver Commission in 1876, and confirmed by Mr. Burchard for late years by the returns he has obtained and given in the above extract from his late report. The totals of the foregoing from 1857 to 1881 are, for Australia, £251,253,000; for the United States, £225,889,000; for Russia, £183,384,000; and for other sources £62,500,000, making the grand total-that is the production of gold in the whole worl::l from 1857 to 1881£643:026,000. DISTRIBUTION OF THE GOLD SUPPLY.  I Calendar years, except .l'or United States and Japan. I  The above annual supply of 22 million pounds sterling, 1879. 18i8. 1880. or a little less than 10 7 million dollars, seems at first sight ountries. 1_ __ _ _ ,------, - - -- a fair contribution to the world's stock; and so it would be, Gold. Silver. Gold. Silver. Gold. Silver. - - - $---$ _-$ if Europe and America received it all and it was alone . States.. 51,216,'.160 45,281,385 39,899,858 40,812,132 86,000,noo 34,500,ono s ia ... .... *27,997,8-<9 *474,8i6 *28,551,028 *473,51Y +28,551,028 t4.7S,519 needed for commerce in the countries already using it. 30 29 1 29 ~~c~~~~:::: + t27,0i8,940 + ,g 25,1K7:·fris * i~i:iij~ I 25,HW763 On the contrary, what has been said shows, in the first rmany.... ~a208,019 §a5,~2'i,219 §a257,865 §a5,570,380 a232,610 a5,57~,699 ustrla...... §1,222,~30 §2,02~.879 1,!J62,0S l 2,002,727 ftl,062,031 l ~,00:&,727 eden . . . . . 6,00 t 52.7 8 1,994 112,4 5 11,994 U62.435 place, that a part of this supply never reaches the comar;a_~:::::: +i2. ° S75 +m:918 1-72,"375 +m:~I& 172,'375i "1iNI8 mercial world; then as to the amount that does, a portion est of Europe......... 1·2,078,380 2,078,380 .... · 1 1·2,078,380 must go to make good the annual waste, a further portion is rgentine Republic.. . +78,546 +420,2:25 78,546 420,225 1178,546 11420,'?25 lom ,.,ia . . 4,000,000 1,000,000 4,000,000 1,000,000 114,000,000 Hl,000,0U0 each year absorbed by nations like Egypt, Africa, India, llvia,Chili, razil& Peru H 7~,185 §10.~92,500 -~378, 15i H0,392,500 1378,157 t1 J,392,500 where it goes out of sight, while a still larger item must be frfga:::::::. §1,~s:~figl1 128,848 §l,ti3:~ 916,400 tl~t,~g:~ 1916,400 allowed for consumption in the arts and industries. Mr. enezue1a... 1,821,564 1,615,835 2,274,692 nad.t. . . . . . . ___ 815,089 68,205 Burchard presents the facts which prove that the United 1 Total. ...... ll9,C92,W\9!,882,177107,385,4 21 1 89,080,680106,9S9,846 82,84Sm2 States is so using 11 million dollars every twelve months, *i.Tc1:1i:s~·~a~e1~:-z~,cg~;iw:1f;ag~~r~1~u~fie l~~·e~· ;Jfoniest e~W:.t~~\is and this is an increasing demand. He also estimates that 1 0 § am 0 ; 1~;s tgiec~~~il~~ mi: the world needs for such purposes 75 million dollars d!~i~~Jg~a}of:i~~ug;~~~ 17 per cent of gold and 25 per cent of silver annually. Dr. Soetbeer last year put the consumption at The above shows a present annual production of about 53 million dollars, at the same time allowing for the 07 million dollars of gold and about 83 million dollars of United States only about 8½ millions. Finally, nations at Iver. With these figures as a guide for later years, and present using paper or silver, one after a"Bother, as Italy ·th the facts brought _out by the Select Committee is now doing, will put their currency on a gold basis. It n Depreciation of Silver ordered by the House of Com can serve no good purpose to ignore this obvious tendency. ons in 1876, and from other sources as specified below These then are all facts, and the monometallist, in his e ha-ve prepared the following statement of the world's system, must make provision for them. To display long old production since 1857. lines of figures representing the old stock of coin in the 1 2 3 4 5 world is not satisfying. That stock, aside from the visible . Prod_uction Prod_uction Production Total_ supply, is fa no sense available for mternational commerce; m . (Mint esti- Russia. m_ of Ot~er- P_roduct10n • wants, w h at country mate.) Countries. m World. an d even f or d omest1c I Australia. to- d ay h as as --£-£ -££ ---£-- much gold as it needs? Certainly the United States has 857 ........ !12,096,000 11,000.000 3,549,ooo 2,500,000 29,145,ooo not; and as for England and France they have 858 ··-···-· 12,762,000 10.000,000 3,45-!,000 2,500,000 28,716,000 1 i~~ been losing their .old stock of late years instead 9 861 ---· ·-·· '12,635,000 ~600,000 ~80,000 ~00,000 ~:715,000 of making an annual addition to it as formerly. For otal '57-61. 62,192,0~~ 48,800,000 16.192,00012,500,000 139,684:ooo tha nineteen years ending with and including 1876 862 ·-····-· 12,933,000 7,840,000 2,990,000 2.500,000 2G,263,000 Great Britain imported £86,026,061 of gold in excess 863 . __ ..... 13,003,000 8,000,000 2,988,000 2,500,000 26,-! 91,000 864.·-····· u,724,uoo 9,200,000 2,862,000 2,500,oo n 26,28H,ooo of its gold exports, or an average annual gain of 4½ mil. 865 . _...... 11,805,000 10,645,000 J,221,(10 ,> 2,!"ioo,000 20,111,000 . . f h fi · h d 1h h 866 ·····-·· 12.5:20,000 10,700,000 3,397,000 2,500.000 29,126,ooo 110ns ster1mg; or t e ve years smce t at ate-at oug - ·- - - - ----otal'62-66. 161,9~4,000146,38~,ooo 15,464,ooo 12,500,000 136,343,ooo it has used an almost constant pressure to draw gold 867 ·····--· l10,5~3,000l10,34o,ooo 3,377,000 :.:,500,000 26,805,ooo thither-it has suffered a net loss of over 11 million pounds 868 ---····· 11,051,000 9,600,000 3,503,ooo 2,500,000 27,890,000 sterling, or an average annual loss of nearly 2.1.4 millions 869 . __ ... _. 11,382,000 9,900,00 4. 108,000 2,!'i00.000 20,65-1,000 870 ·--····· 9,237,00110,000,000 4,414.ooo 2,500.0011 26,151,000 sterling. The truth is, that the only commercial country 871 9,605,000 ~00.000 4,913,000 2,500,000 ~718:~~ otal'67-71. 5l,8 58,000 48, 545,ooo 20 ,315 ,00012 ,500 ,000 133 ,218,000 which has not been a loser of gold during the year is the 872 _---· __ . -8-,8-4-1,0_0_0 -1-,2-0-0,000 4, 771 .000 ~r, ,-00- - 2-3-, -i 2-.- 3 0 0 0 U nitecl. States, and our large, scattered and active popula00 0 873 ........ 10,609,ooo 7,20l>ooo *4,500.ooo 2,500,000 24.809,000 tion need much more to make our currency safe. Thus it 874 ...... _. 8,230,000 I b,000,000 4,035.000 2,500,000 22,785,000 875 .... . ... 8,250,000 8,000.000 *4,500,000 2.50,l,000 23,250,000 grows more evident each year that the world needs the 876.. ... . . . 7,2H,OOO 9,67U,UOO 4,500,000 2,500,000 23,913,000 two metals as a basis for its commerce, and yet that no otal '72-70. 43,193,000 40,070 ,000 22, 306,000 12,500,000 n s,o69,000 1 nation can afford to use silver so long as the leaders in 877........ 7,600,000 9,318,000 5,625,000 2,500,0001 25,043,000 878 ·····-·· 5,99i,O00 9,753 Ot>O 5,785,0llO 2,500.000 24,033,ouo commerce throw discredit on it. 879 ...... -. 5,995,000 8,037,000 5,899,000 2,500,000 22,431,000  I  I  ..:~~:~r  ~:m1  I  ---  1  1  i~~t~ili~~~:~~  {:~~!ieis  J  r;.g.c~~~!i~~  :::::::: iU~~:888 8:~88:888 V,g~:888 ~:~88:gggl ~~:g I:888  1  ·--·····1  1- - - - 1 - - - - - 1- - - - - 1- - - - - - - - - -  8 0.... . ... 881 .... ~---  6,2U,000 7,441,000 5,899,000 6,213,000 7,540,000 5,899,000  2,500,000 22,053,000 2,500,000 22,152,000  STOCKS OF GOLD IN ENGLAND, FRANCE AND THE UNITED ST.A.TES.  otal '77-81. :32.016,000 '12,039,000 29,107,000 12,500,000 115,712,000 * .Estimated. NOTE.- Lhe figures in Column l for first ten years are net exports ken from the Statistical Abstract for the Colonies added lo the total oinage of the Sydney Mint; fot· next five years they are the net exports dded to three-fourtlls of_ the coinage of the Sydney Mint; from 1872 hen the Melbourne Mmt was opened) to 1876 we add to the net xports about 114 million pounds sterling for amount kept for circuln. ·on and consumption. Tl1is mocle of reaching production is the same in ubstance as adopted by the Silver Committ,ee of the House l)f Comons in 1876, and seems more reliable in result than the grnss flstimates hioh have been made. For 1877 we give simply the net expot·t;;, and r subsequent years we adopt Mr. But·chard's tlgures of actual prouct10u, tue authority for which he gives above. The figures in Uolumn 2 are (dnwn to aud including 1875) the Mint stima.te as sent to the Parliamentary Silver Committee in 1876. Since hat date they are taken from the Mint report. The figures in Column 3 (down to and including 1875) are from infor-  Another interesting inquiry relates to the gold circula• tion of each country. As to England and France it is impossible to fix upon any figure which admits of proof. Mr. Ernest Seyd in 1870 estimated the gold coin and bullion in Great Britain at 130 million, and in France at 260 million pounds sterling. There is probably about as much reason and authority for his figures as for any that could be prepared. 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" -";;J  i-s r-, "l...,c+e, @ ~ ;::I g ~  ~  1-j  •  .  f!::a..  0  0~  t-:1 a,  ~  .,-i  mo<l  s  s 8g. ~ [o·  I})  g  s e. s  g: =  g:. .,  5·  c:-t-  6  5·  ::a::!.g~  ,_.  E  c.  g.  § co  g,  s  ~  g  :< g_  .g ,: :  "o ._.. s  ~ co•  e.  s:::..g  (:) Cl) O . Q ~ C l ) r : r j ( l ) S w S ~ ~ § § " g g ~ ~ oo CD Cl) t:S <t> c-t1-s tj. "'O r:n 00 ~O, ~~8.,e.e,~::!,~~0 ~ ~ c:, Q "'O ,_. Jll i;:;· rn [ ...... i::,-· ~ H,c+CD t , ~ s:~(JQ ~ 00 fl>::;-:p t-3 c:-t- ~ t:::r' < g. Cl) CD  s  s  8-  p::  p;  g g-  s- [  I Bullion.  Coin.  Total Bullion and Coin.  II  Year Tear end.in!.{ Net Export. I ending) June30 June 30.  l  . Domestic. Bullion. I Coin.  I  ~ ~  [ s s s·  ~ ~  g-  Imports . Total coin and bullion.  Bullion.  Coin.  I  l  Year Total .and Net export ending coin June 30 bullion.  -1 1 - - - - l - - - - l - · - - - l - - - - l - - - - l - - - - l - - - - l - - - - 1 - - - - 1 - - - - 1  $ $ $ $ 1859 ... 33,329,863 24,172,442 30,464 3,575,284 1860. - - 30,913,173 26,033,678 1861. .. 13,311,280 10,488,590 1862 .. 13,267,739 17,776,912 1863. · · 11,385,033 44,608,529 1864 .•. 10,985,703 86,14,8,921 1865. · - 21,145,055 35,413,651 1866 ... 20,731,473 49,395,993 1867 ... 13,867,641 22,362,035 1868 ... 23,841,155 44,390,003 1869 ... 13,584,407 14,858,369 1870 . . . 15,812,108 12,768,501 1871. .. 9,089,959 55,491,719 1872... 7,986,145 40,391,357 1873 . .. 8,810,175 35,661,863 1874. . . 3,878,543 28,766,943 1875 .. . 2,233,775 59,308,770 1876... 1,888,896 27,542,861 t877... 1,084,536 21,274,565 205,319 6,427,251 1878. .. 24,774 4,120,311 1879. .. 87,066 ~,687,973 1880. .. 84,943 1,741,364 11881..~-   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  $ 61,108,053  $ $ 741,608 1,383,789  $ 2,125,397  $ $ $ 58,982,656 . . . 1859 1859... . . . .... .. .. . . . . .. . . . . .. .  2,508,78 6 55,937,253 493,187 2,015,599 51,1811,448,007 58,446,039 6,700 3,617,403 27,423,973 3,343,282 38,948,648 42,291,930 *14,867,957 ........ 4,395,252 35,439,903 1,409,728 12,497,283 13,907,011 21,532,892 5,530,538 56,6.3 2,300 ........ 6,169,276 62,162,838 1,879,222 3,651,316 33,449 3,4f>3,;;i61 100,661,634 2,512,635 8,664,134 11,176,769 89,484,865 6,408,228 51,882,805 1,900 1,820,427 · 58,381,033 1,392,760 5,105,468 8,196,261 . 63,001,048 972,769 7,223,492 32,8541,036,989 71,197,309 ········ 2,796,951 39,026,627 1,971,645 15,053,221 17,024,866 22,001,761 8,737,443 63,658,901 94,508 4,070,678 72,396,344 1,784,536 6,952,907 890,930 13,241,638 14,132,568 21,870,930 19,146 7,541,576 36,003,498 680,760 11,376,190 12,056,950 21,579,012 39,778 5,015,575 33,635,962 6,883,561 59,802,647 ~--····· 2,104,530 66,686,208 1,177,387 5,706,174 8,717,458 40,831,302 4,780 1,166,4.78 49,54.8,760 1,372,207 7,345,251 8,682,447 36,174,268 ........ 384,677 44,856,715 1,542,593 7,lp9,854 ..... - - . 1,396,934 34,042,420 1,614,669 17,888,468 19,503,137 14,539,283 3,696 5,433,736 66,980,977 1,581,638 12,115,155 13,696,793 53,284,184 7,992,709 23,184,341 11,600 1,733,693 31,177,050 1,204,965 6,787,744 344,140 lii7,5114,163,762 26,590,374 2,119,570 24,126,664'. 26,246,234 9,204,455 1,972,662 11,357,553 13,330,215 *4,125,760 1,450 2,570,435 5,624,948 *1,037,334 4,587,614 1,297,244 4,327,704 6,2§5 436,274 104,204 1,759,7821 3,639,025 20,337,445160,420,951 80,758,396 *77,119,371 2,565,132 30,998,919 69,032,340 101,031,259 *98,466,127 2,157 736,668  . .. 1860 ... 1861 ... 1862 ... 1863 .. . 1864 ... 1865 ... 1866 ... 1867 ... 1868 .. . 1869 ... 1870 ... 1871 . .. 1872 ... 1873 . .. 1874 ... 1875 . .. 1876 ... 1877 ... 1878 ... 1879 ... 1880 ... 1881  $I$ $ 82,562 2,696,706 2,779,268  ~ ~  ~  ~  ~  ~ ~  Exports . . Foreign. Bullion. I Coin.  ~ ~  s· s  § ~ ~ ~ ....  SILVER.  Imports.  Total Bullio!1 and Com.  «?  s·  s s e.  o,c.ck) cc wo:>11>- to-"  GOLD.  Exports . F . • . ore1gn.. Bullion.I Com.  S"  ~'  lb  00  e.  f€ :::.;  CJ;)  18 :--  t  ~ ~ ~~~~~~~i~~~$1'g  =a 5·  c  8  t:S ,... ('I) ,..... .,. .p-. CD v t,"1Cl)o-00::aCD Cl) <l s;'-< 1-s t:S ..... Cl) cr' Cl) ~ ~ Cl) "'O =a ..... : 1-j ~ ~,.....:::,;CD ~t:::r'i:::scot:Soo co,_. ~ ~ c+ ~ °' Cl) ~ t:::r' ,_. ., :::-: i:::s t:::r'--< H-at::!tdt:S~O(l)ocoo.. 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'"i C> c+ t::! p ~ <'! 0 rn CD ~0 ~ ~ ;S. ~ °' ~  lb  1 ·  0 c+  "'O  I,....  (t)  t-o 0, to-"  c+  ~~~~~~~~~j~~I~  ~ q <:;:, c:t.>,. c-tc+ 00 0H-, ('I) C/1,,•  ~  00  E  OQ  Ul.  0)00  co  p-  -  (/J  I ~S:  t-3  O  OQ  ~~-ff.I g ~ 1 •~• ••  -~  If  c+ g  ~ ~ Q Q ~ ~ ~ ~ ~ ~ S O g  ~ ~~~~~~~~~~~~,  tj  @.(:)  $ $I$ 323,478 4,985,914 5,309,392 ... 2,530,124 ... 1859 $  35,093 8,065,107 8,100,200 499,943 5,541,406 6,041,349 2,058,851 . . . 1860 1860. ... . ..... ... . . . . . .. .. . ... 42,826 2,324,281 2,367,107 1,014,893 3,032,788 4,047,681 *l,680,574 . . . 1861 1861..... ............ ......... . ........ 1,407,645 1,407,645 249,608 2,258,433 2,508,041 *1,100,396 .. . 1862 1862 ........ ········ · ········· 49,536 4,004,031 4,053,567 *2,059,794 ... 1863 550 1,993,223 1,993,773 1863..... . . . .. .. .. . . . . . . . . . . . . . 66,716 1,872,127 1,938,843 2,796,064 ... 1864 1,145 1,394,824 4,734,907 836,387 2,502,551 1864..... . . .. . . .. 1,202,775 9,262,193 1,476,838 1,835,006 3,311,844 5,950,349 ... 1865 1865..... 6,311,986 1,747,432 43,654 2,460,177 2,503,83112,342,931 ... 1866 75,325 2,255,529 14,846,762 1866 ..... 10,832,8491,683,059 61,998 4,983,611 5,045,60916,796,136 . .. 1867 18,939 3,076,286 21,841,745 1867 ..... 15,853,530 2,892,990 90,410 5,360,515 5,450,925 15,936,833 ... 1868 1868: .... 12,978,3112,536,506 169,068 5,703,873 21,387,758 55,142 5,620,166 5,675,308 15,459,574 . . 1869 1869 ..... 13,573,427 899,763 233,174 6,428,518 2;1,134,882 2,682 9,213,829 24,519,704 162,432 14,199,797 14,362,229 10,157,475 ... 1870 1870 ..... 11,748,864 3,554,329 1871. .... 17,285,916 2,535,765 · ....... . 11,934,099 31,755,780 105,836 14,280,62714,386,46317,369,317 ... 1871 1872 ..... 22,729,6571,691,081 164,033 5,744,003 30,328,774 380,909 4,645,322 5,026,231 25,302,543 ... 1872 85,79510,232,556 39,751,859 471,71512,326,775 12,798,490 26,953,369 ... 1873 1873 ..... 27,759,066 1,674,442 25,000 5,508,785 32,587,985 837,683 8,114,086 8,951,769 23,636,216 ...1874 1874 . .... 22,498,782 4,555,418 11,835 2,825,746 25,151,1651,295,754 5,908,170 7,203,92417,947,241 ... 1875 1875 ..... 17,197,914 5,115,670 15,995 4,706,323 25,329,252 1,058,177 6,885,795 7,943,972 17,385,280 ... 1876 1876 . .... 15,240,344 5,366,590 1877 ..... 11,482,894 9,292,743 334,167 8,462,059 29,571,863 4,693,253 9,834,92714,528,18015,043,683 ... 1877 1878 ..... 15,035,045 5,394,270 555,570 3,550,785 24,535,670 6,971,849, 9,519,250 16,491,099 8,044,571 ... 1878 1879 . .... 11,883,064 1,526,886 1,483,614 5,516,263 20,409,827 2,447,888 12,223,164 14,671,052 5,738,775 ... 1879 1880... .. 6,912,864 659,990 324,509 5,606,531 13,503,894 1,981,425 10,294,489 12,275,914 1,227,980 ... 1880 65.560 4,375,518 16,841,715 2,303,472 8,240,766 10,544,238 6,297,477 ... 1881 1881. .... 11,852,995 54.7,642  C)  ~ ~  ~  ~ t'i  ~  ~  ,F~O~R E:J G N  EXCHANGE.•  PRICES , 1870 · TO  1881.  The demand for foreign exchange, and the conM(!uent range in prices, depend upon the condition of financial relations between the United States and other countries, the extent of exports and imports, the sale of ecurities abroad or their return to the home ~arket, and some other elements which affect the actual balances between this and other countries. The methods of quoting sterling exchange have varied widely in the past, and a glance at the changes which have occurred is somewhat interesting. In the early history of the country the pound sterling was valued at 4·44 4-9, based on the worth of the Spanish do.Har then current here as a standard. Exchange was then quoted at its real value, the dollar being worth almost exactly 4s. 6d. English money. From 1792 to 1834 our gold coin was of the same standard as the pound sterling, viz: 22 carats, or 916 2-3 parts in 1,000, and at its legal weight of 27 grains the dollar was worth about 97 1-3 cents, and the pound sterling in our money about $4·56½. in 1834 there was a material reduction in the value of our gold coin, so that the dollar was worth only about 91¼ cents and the pound sterling about $4·87. In 1837 another slight change made the dollar worth intrinsically about 91 1-3 cents, and the pound $4·86 2-3. In 1834 the Custom House valuation of the sovereign was put at $4·84, and so remained till January 1, 1874. During the changes from 1834 to January 1, 1874, the London Stock Exchange continued to reckon the dollar at 4s. 6d., about 9 to 9½ per cent too high, and involving the practice of quoting American securities about 8§- per cent below their actual value. To correspond with the English custom, bankers in New York from 1834 to 1874 quoted sterling exchange at 109·45-§- as par. By the law of Congress of March 3, 1873, the Custom House valuation of the pound sterling was placed at its true value of 4·8665, and from Jan. 1, 1874, sterling exchange has been quoted accordingly, the quota~ion when at par being $4·8665. The London Stock Exchange also made a change in their method of quoting, early in the year 1874, but unfortunately valued the dollar at 4s, or about 97 1-3 cents. This valuation being 2 2-3 cents below par, is equal to a quotable premium of about 2¼ per cent, and accordingly the present London quotations of American securitiei are about 2¾ per cent, above their actual value-a bond worth 100 being quoted there at 102f. rweekly prices in 1870; highest quotations of sterling bills in 1871-81.)  1810. London ..--London (Bankers')----.. Short. Long. Commercial. 1083,(-108¾ 108¼-..... 109¼- .. .. . 108¾-108¼ 108½-108¾ 109¾-109,¾ 108}(-108½ 109 -109¼ 109¾-.... . 109¾-... .. 1087,,(-108½ 108¼-109 109½-109¾ 108¼-108½ 108¼-109 1©½-109¾ 108¼-108¾ 108¼-109 109½-109¾ 108¾-108¾ 108¼-109 108½-108¾ 108¾-108.¼ 109¾-109½ 108¼-108¾ 108½-108¾ 109¾-109¼ 108¼-108¾ 108¼-109 107¾-108 107½-107¾ 108 -108¾ 108¾-108¼ 108¼-108¼ 108,¾-..... 109¼-... .. 108¼-108¾ 108¼-109 107,¾-108 109,¾-109¾ 108½-108¾ 108,¼-109 109,½-109.% 108)2-108¼ 108¾-109 l08¾-108¼ 109 -109½ 109.¾-109¾ 108¾-109¼ 109¾-109,¾ 110 -110¼ 10978-..... 110 - .... . May 6......... 108¾-109 " 13...... ... 108¾-109¼ 109,½-..... 110,½-.... . " 20......... 109 -109¼ 109¼-109¾ 110¼-110¼ 110¾-110¾ ., 27... .. ..•• 109¼-109¾ 109¾-110 110½-110¾ .June 3......... 109¾-109¾ 109¼-110 " 10...... .• . 109 -109¾ 100,%-109¾ 110¾-110¼ " 17 ........• 109¼-10\l¾ 109¾-..... 110¼-..... " 24...... ... 109¼-109½ 10!J,½-10!l¾ 110 -110¼ 110¾-110½ July 1.. ....... 109¾-109¾ 109¼-110 " 8...... ... 109¼-109¾ ..... -109¼ ..... -110,¾ 110,¾-.... . " 15 ..••.. , • 109,½-..... 109¼-110 " 22.. ... . .. .. 109¾-..... 110¼-..... 110¼-.... . " 29......... 108¾-109¼ 109,¾-109¼ 110¼- .... . 109½-109¾ 110¾-110¼ A.up. 5 . ........ 108 -109 109¾-109¼ 110¾-110¾ ' 12_.. . . . . . 108,¾-109 109¾-109¼ 110,¾-110¼ " 19 ......... 108¼-109 " 26...... .. . 109 -109¼ 109¾-109¼ 110¾-110¼ 109¾-109¾ 110M-11oy. ::3eRt. 2 ......... 108¾-109 9.. .. . . .. . 109 -109¼ 109¼-·- . ... 110,¾-110¾ " 16.. .•. .••. 109 -109¼ 109¾-109¼ 110,¼-110¾ ..... -109¾ ..... -110¾ " 23......... 108,¼-:l09 " 30...... .• . 10e -108¼ 100 -109¼ 109¾-109¼ .... . -109¼ Oct. 7......... 108¼-108¼ . .. .. -109 " 14......... 107¼-107¾ 108¾-108¼ 109¼-109¼ " 21 .....•... 108];'-.. ... 108%:-108¼ 109¾-109¼ 109¼-109¾ 100¼-110 " 28....... •• 108¾-109 109¼--.... lll)¾-109,% Nov. 4......... 108¾-109 109~-109¼ l W¼-109¼ " 11......... 108¾-109 109¾-109¼ no -110¼ " 18......... 108¾-109 " 25......... 108¾-108¼ 109¼-109¼ 110 -110¼ Dec. 2.. .. . . . . . lM¼--108¼ 108¾-108¼ t09¾-109¾ " 9......... 108,¾-108¾ 109 -109¼ 109¼-110 " 16..... ••• . 108¾-10 ¼ 109¼-109¼ 110 -110¼ " 23..... •• .. 108,¾-108¼ 109 -109¼ 109½-110 .. .» .....·.. .. 'WS¾-108 lOU -109¼ N9M-10!t1' Date. Jan. 7. .. . ..... " 14 .....•.. " 21...... .. . " 28...... .•. Feb. 4...... .•• " 11...... ••. " 18......... " 25..... .... Mcb. 4......... " 11... .• •••• " 18......... " 25......... April 1.. .• • .... " 8......... " 15......... •• 22......... " 29 ........•   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  ,---Pane.----. Short. Long. ~18,¾-517¾ 515.¾-515 . .... -517¼ ..... -515 518,¾-517¾ 515%-515 518¾-517¾ 515),-515 518,½-517¾ 515,¾-515 518¼-517¾ 515¾-515 518,¾-517¼ 515 -515¾ 518,½-517¾ 515¾-515 520 -518¾ 517¼-516¼ 518¼-517¾ 521¼-520 523,¾-522¾ 521¼-520 522,½'-521¼ 520 -518¾ 523¾-521¼ 521.J,.{-519¾ 520 -518~ 517¼-516¼ 518¾-517¾ 516¼-515 520 -518¾ 517½-513¾ 517,¾-516¼ 515 -513¾ 517½-516¼ 515 -513¼ 517½-516¼ 515 -513¾ 515%-514¾ 513¾-512¾ 515 -514¾ 512,½'-511¼ 515 -513¾ 512½-511¼ 515¾-513¾ 513¾-512½ 516¼-515% 514¾-513¾ 516¼-515¾ 514¾-514¾ 516½-515)~ 514¾-514¾ 513¾-512¾ 516¼-515 515 -513¾ 512,¾-511¼ 512,¾-511¼ 511}.(-510 513,¾-513¼ 508¼-507¾ 513¾-513 ¾ 508¼ -507¾ 513¼-512,¾ 508¾-507¼ 511¼-508¼ 520 -515 515 -513¾ 508¾-507¾ 513¾-512¾ 507,¼-505 513¾-512¾ 507½-506¼ 515 -512¾ 507,¾-506¼ 515 -512¼ 506¼-505  .....-.·.... ....-.....  ,-.---------.;ontinental M a r k e t e . - - - - - - - - - Antwerp. Hamburg. Amst'dam. Frankf't. Breme:n. Berlin. Swiss. 11¾-.... 518¼-517¾ 518¼-517¼ 35,¼-.... 40¾-.... 40¼- ... . 78¾-.. 518¾-517¾ 518¾-517¼ 35.¼.... . 40¼-. . . 40½-... . 78.¾-.... 71.% -...• 40¼-41 518.¾-517,¾ 518¾-517,¾ 36 -36¼ 40¼-41 79 -79¼ 71¾--71~ 518¼-517.¾ 518¾-517,½' 36 -36¾ 41 -41¾ 41 -41¼ 79 -79¼ 71,¾-71" 518¼-517,¾ 518¾-517¾ 35¼-36 79 -79¼ 71¾-71¼ 40¼-41 40¼-41 40¼-41 518¼-017¾ 518¾-517¼ 36 -36¾ 40¼-41 79¼-"i'll¼' 71¾-71.~ 517,¾-518¾ 517,¾-518¾ 36 -36¾' 40¼ -41 40¾-40¼ 79 -7!'¼ 7H8•71~ 518.¾-517¾ 518.¾-517¼ 36 -36¾ 40¼-41 40¼-41 79¼-79¼' 71¾-71¼ 40,¾-40¾ 40,¾-40¾ 78¾-79 522,¾-518¼ 522,¼-518.¾ 35¾-36 71 -'it¼' 521¼-520 35.¼-35¼ 40,¾-40¾ 40 3.-40,¾ 78¾-78¼ 70¼-71 521¼-520 523¼-522¾ 524¾-522¾ 35¾-35¾ 40¼-40¾ 40¼-40¼ 78.),(-78]{ 701,(-7ll~ 523¼-522,¾ 524.¾-522¼ 35¼-35.¾ 40¼-40¾ 40¼-40¼ 78),(-78¾ 70 1<, -70¼ 523¾-522¾ 523¾-522,¾ 35¾-35¼ 40¾-40¾ 40¾-40¾ 78,1.(-78~ 70 !-'. -71 ~ 521¼'-518¾ 521¼-518¾ 35¾-35¾ 40¾-40¾ 40¾-40¾ 78¼-78¾ 70¾-711,( 520 -517,¾' 520 -517¾ 35¾-35¼ 40,¾-40.% 40)2-40.% 78},(-78,¾' 71 -711' 522½-520 35¾-35¾ 40½-40¾ 40¼-40¾ 78¼'-78¾ 71 -71¼' 522)2-520 518¾-517,¼ 518,¾-517,¾ 35¼-36 40¼-40¼ 78¥-78¾ 71¼-71¼ 40¾-41 40¾-40¼ 78%-78¾ 71 !,i-71,¼ 40¼-41 518½-517½ 518¾-517¼ 35¾-36 40¼-40¼ 78¾-78¾ 71¾-71¾ 40¼-41 518¾-517¼ 518¾-517¾ 35¼-36 516,¾-515 86¾-36¼' 41¾-41¼ 41 -41¼ 79 -79¼ 71¾-71¾ 516,¾'-515 515¾-515 85¼-36¼ 41 -41¼ 40,¼-41 515¾-515 79¼-79¼ 71¾-71¾ 515¾-513.¾ 515¾-513¾ 36¾-36¼ 41¾-41.¼ 41 -41¼ 79¾-79¼ 71¾-71¼ 515¾-515 36 -36¼ 41 -41¾ 40¾-41 515¾-515 79¼-79¼ 71¾-71¾ 516¾-515¾ 516¼-515¾ 36 -36¾ 41 -41¾ 40¾-40¼ 79¾-79¼ 71¾-'71¾ 516¾-515¾ 616¼-515¾ 36 -36¾ 41 -41¼ 40.¾-40¼ 79¼-79¼' 71x(-7J¾ 516¾-515¾ 516¾-515¾ 36¼-36¼ 41 -41¼ 41 -41¾ 79¼-79¾ 71¾-71¾ 517,¾-515 36¾-36¼ 41¾-41¼ 41 -41¾ 79,¾-79¾ 71 ¾-71¾ 517,¾'-515 515 -513¾ 515 -513¾ 36¼-36¾ 41,¾-41¾ 41¾-42 79¼-80¼ 73¾••74 75 -7'7 44 -44¾ 81 --82 512,¾-511¼' 512,¾-511¼ 37 -37¼ 42 -43 41¾-42¼ 44.l<;-45 81 -81¾ 76 -79 513¾-513¾ 513¼-513¾ 37,¾-38 75 -77 42 -42¼ 42 -43 81 -82 37 -38 512¾-5i3¼ 5i2j,i-5ia¼ 37 -37¼ 41¼-41¾ 43 -43¾ 81 --81¾ 75 -76 616¼-513¾ 516.¾(-513¾ 37 -37¼ 41¼-41¾ 42 ~ -43 81 --81¾ 74 -74)\ 41,¼-41¼ 41¼-42 515 -512¾ 36.¾-37 80¾--81¼ 73]1(-73~,( 72 -72J,& 41¾-41¾ 79¼-80 513¾-512¾ sia¾-5i2¼ 36,½'-36¾ 40¼-41 41¾-41¼ 79¾-80¼' 72,(-78 513¼-512¾ 513¾-512¼ 36¾-36¼ 40¾-41 41,¾'-41¾ 79¾-79¼ 72¾-72¾ 515 -512¾ 515 -512¾ 36 -36¼ 40¼-41 515 -512¾ 515 -512¾ 36 -36¼ 40¾-40.¼ 41¾-41¾ 79,¾-79¾ 72¼'-72¾ 71.¾-72 40.¾-40¼ 41 -41¼' 78¾-79 517,¾-515¾ ••. .- ..... 35¼-36 516},;(-515 •.. - .•... 35¼-35¼ 40¾-40.¼ 41 -41.¼ 78¾-79 71¾-'72 518.¾-517¾ • . ... -. . .. . 35¾-35¼ 40,¾-40¾ 40¼-40¼ 78¼-78¾ 71¼-71.¼ 40¼-41 36 -36¼ 40¼-41 71¾-71¼ 516¼'=515°. 41 -41¼ '78¾='79·. 71¾-71¼ 36 +36¾' 4-0¾-41 41 -41¼ 78,¼-79 517¼-516¼ , .•. .-. . . . . 36 -36¾ 40,¼-41 71¼-71.¼ 517;<5-516.¼ • , ... -. . .. . 36 -36¼ 41 -41¼ 41 -41¼ 79 -79¼' 71.¼ '7i 517,¾-516¼ 36 -36¼ 41 -41¼ 41¾-41¼ 78¼-79 72 -72¼ 518¾-517¼ 5i4.¾-513¼ 36 +36¾ 41¾-41.¼ 41 ~-41¼ 79 -79.¼ 72 -72~ 40¼-41 40¼-41 !518¾-518¼ 515 -514¾ 35¼-36 78¾-'78¾ 71¼-71¾ 516¼-516¼ 515 -514¾ 36 +36¼ 40¼-40¼ 40¼-41 78¾-78¾ 71¾-71~ 40,¼-41 517,¾-516¼' 513¼-512,¾ 36 -36¾ 40,¼-41 78¼-7i 71¼-71¼ 517,¾-516¼ 513'{~"i12¼ 36 -36¼ 40¾-40.¼ 40.¾◄.¼ 'fl.½'-7t¼ IR'fk'-611 '1' !S13¾-512K !Ji .,_ 40¾~ ~-'1 7f'~-~  ~~  1126  FOREIGN EXCHANGE. tS'n-18'72--1873.  From 1871 to 18':'3 inclusive, the only marked feature was the panic in 1873, except that at other times the market was ocea11on ally depressed by 60 days' sterling bills borrowed by stock. opera.tors. In 1873 foreign exchange opened firmly, and so continued during the early months of the year, till the extraordinary moneyetrin2ency, ctflminating in April, depressed the price to 107¼ for prime 60 days' sterling. One of the curious features of the marke was the large amount of 69 days' sterling bills borrowed by stock operators, who were accustomed to sell the same, and thus obtai eurrency--Jor their speculations, and repay th~ bills with short sight when the time came for settlement. Durin~ the :financial crisi of September, 1873, the price of P.xchange was greatly depressed, and the market was for some time at a dead -lock, it beiag impos eible to negotiate bills at any price. Bankers' 60 days' sterling were reported as sold down to 103, sight at 104:, and cable transfer at l04@10 Jt; c;ommercial bills at one time were reported at 101@102.  1871. January.  February.  Mareh.  April.  May.  June.  Jnly.  August.  September.  October.  November. Dec mber  60 3 60 60 3 3 60 60 3 8 60 60 8 3 60 3 60 8 60 3 6'1 3 60 3 day11. days. days. days. days. days. days. days. days. days. days. days. days. days. days. days. days. days. days. days. days. days. days. days. 8. 109,¾ llC,o/a 109¾ 110.¾ 109.¼ 110½ 110¾ 110.¾ 110¾ 11U¼ 110¾ 111¼ 110 110¾ 109 109¾ 1 .. . . S. 103¾ 109¼ 109¼ 109½ 8. 110¼ 110.¾ 110¾ 110.¼ Holiday. 109¼ 110¾ 109¾ 110¾ 2•••• 110 110¼ 109 109,¾ 108¼ 109 1U8¼ 109¼ 109¼ 109½  ..... ,.... ..... ,.. . 3 ...  1 ... . 9 . •• .  10 .... 11. .••  12 ..•• 13 ... . 14 .. .. 16 ... . 16 ..•• 17 ....  18 • 19 ... . 20 .. .. 21. ...  !2 .. .  sa ... .  14.. .. 25 .. .. 16 .. .. 27 .•• ts .. .. 29 ... .  ao .. . It .. ..  109.¼ 109,¾ 110¾ 109¾ 110¾ 109¼ 103¼ 110¾ 109¾ 110,¾ S. 109¼ 8. 110 109¼ 110.¾ 109¾ 110¾ 110 109¼ 110¾ 109¼ 110¾ 8. 109¼ 110¾ 109¼ 110,¾ 109¼' 110 109,¾ 110¾ 109¾ 110¾ 109¼' 110 109¾ 110.¾ 109¾ 110¾ 109)(J10.¾ 109.¾ 110,¾  !09¼ 109¼ 109¼ 109¼' 109¼'  m~ m 109¾ 110¼ 109J, 110¼  s.  109¼' 110 109¼' 110¼ 109¼' 110¼ 109¼' 110¼ 109¾ 110¼ 109¾ 110¼ S. 1093( 110¼ • 109¾ 110¼' 109.¾ 1103( 109.¾ 110¼' 10!-I.¾ 110¼' lO!I.¾ 110¼  s.  109¼ 110¾ lOII¼ 110¼  109¼ 110¾ 110 llfl¾ 110 110.¾ 110 l!O_¾ Holiday. 110 110.¾  8.  110 110¾ 110 110¾ 8. 110 110.¾ 109¾ 110¾ 109.¼ 110¾ 110 110¾ 109 ~ 110.¾ 109¼ 110¾ 110 110_¾ 109¼ 110¾ 109¼ 110¾ 110 110¾ S. 109¼ 110¾ 109¼ 110.¾ 109.¾ 110¾ 109¼ 11 0¾ 110 110¾ 100¼ 110,¾ 109.¼ 110.¾ 110 110 •. 8. 110 110¾ S. 109.¾ 110¼ 110 110.¾ 110 110¾ 110 110% 110 110¾ 10:-1,¾ 110¾ Holiday . 109.¼ 110¾ 110 110¾ 8. 109¾ 110¾ 109.¼ 110¾ 109¾ 110¼ 109.¼ 110¾ 110 110¾ 109_¾ 110¾ 109.¼ 110¾ 110 110.¾ S. 110 110¾ 8. 10!"1¼ 110¾ 109;{ 110¾ 110 110¾ 109,¾ 110.¾ 109.¼ 110,¼ 110¼ 110¾ 109,¾ 110¾ 110¾ 110¼ s. 109.¼ 110¾ ...... .. 109'1.A 110¾  s.  110.¾ 110¾ 110•✓s 110¾ 110¾ 110¾ 110.¼ 110¾ 110¼' 110¼ 8. 110¼' 110¾ 110¼ 110¾ 110¼ 110¾ 110¼' 110¼ 110¼ 110¾ 110¼' 110¾ 110¾ 110.¾ s. 110¼' 110.¾ 110¾ 110.¼ 110 110¾ 110 110¾ 110.¾ 110.¼ 8. 110¾ 110¾ 110.¾ 110.¼ 110¼ 110¾ 110¾ 111 ll ll¼' 110¼ 110¾ 111 110¼' 110¾ s. 110,¾ 111 110,¾ 111 110¼ 110¾ 110¾ 110¼ 110¾ 1)(1,¼ s. 110.¾ 110_¼ 1!0.¾ 110.¼ 110¾ 110.¼ 110¼' 110¾ 110,¾ 111 110¼' 110¾ HO¾ 111 s. 110¼' 110¼ 110.¾ 110¼ 110¼ 111 110.¾ 110.¼ 110¾ 111¾ s. 110¾ 111¼ 110.¾ 1 ' 0¼ 110¾ 111¾ 110¾ 110¼ 110¾ 111}' 110¾ 110.¼ 110,¾ 111¼  110¼ 110¼ 110¼ 110¼  Holiday. Holiday. 11C¾ 111¼ 110¾ 111 110¾ 111 110¾ 111 110½ 110¾ 110.¾ 110¾ 110¾ 110¾ 110¾ 110¾ 110¾ 110.¾ 110¾ 110½  s.  111 110.¼ 110.¼ 1 :O¼ 110¼ 110¾  s.  s.  110¼ 110¼' 110¼' 110¼ 110 110 110  110¾ 110¼ 110.¾ 110¾ 110¾ 110¼ 110¾ 110¾ ll!l¾ 110¾ 110¾ 110,¾  s.  1101,  109.¼ 110¾ S. 109.¼ 110¾ 109 109¾ 109.¼ 110¾ 108.¼ 109¾ s. 10. .¾ 109¼' 109.¼ 110¾ 108.¾ 109¼ 109,¾ 110¼' 108.¾ 109¼' 109,¾ 110¼' 108¾ 109¼ 109¾ 1111¾ s. 109,½ 110¼ 108¾ 109¼ 109,¾ 110 108¾ 10 .¼ s. 10 ¾ 108.¼ 1-09,¾ 109.¼ 108¾ 109¼ 109¼' 109¾ 108¾ 109¼ 109¼ 109¼ 108¾ 109¾ 10'-13( 109,¾ s. 109,¼ 109¾ 108¾ 109¼ 109 lO!J,¼ 108¼' 10 .¼ S. 108.¼' 108¼ 108¼ 109¼' 106¾ 109 108.¼ 109¾ 108.¼ 109¼ 109 10!1¾ 108.¼ 109,¾ 109¼ 109¾ s. 109¼' 109}{ 108.¼ 10g_¼ 109,¼' 109¼ 108¾ 109¼ S. 108¼ 109¾ 109¼' 109¾ lOF¾ 109¼ 109¼ 109_¾ 10 ¼' 10!1¼ 10S¼ 109¾ 108.).,( 109¼ 1011¼ 109¾ .••...••..  108¼' 108.¾ 108,¾ 108Ji 109  108.¼ 108¾ 109¾ 15. 109¾ 108¾ 109¾ 109¼ 109¼ 10H¾ 8. 109¼ 109¼ 109¼ 108¾ 109¾ 109¼ 109¼ 110 Holiday. 109¼ 109¾ 108¾ 109¾ 109 109~ 109 110¼' 108¾ 109¾ 109 109,% 109 110¼' 108.¾ 109Ji 8. 106¾ 110 108¼ 109¼ 109 109¾ 108¾ 109¼ 8. 109¼ 109¼ 108¼ 109¼ 108¾ 109¾ 109¼ 109½ 108¾ 109¼ 108.¼ 109.¼ 109.l,( 109¼ S. 109 109¼ lO!l¼' 109¼ 108¾ 109,¼ 109¼ 109.¼ 109¼' 109.¼ 108,¾ 10 ¾ 10!1¼' 110¼ S. 10,½ 109¾ 109¼' 110¼' 109¾ 110 10 ¼' 1093( S. 109¾ 110 108.¾ 1(9¾ 109¾ 110¼ 109,¼' lO!l¼ 108¾ 109¾ 10!1¾ 110¼' 109,¼; 109½ S. lU!J¾ 110,¼ 1:l9¼ 109¼ 108.¼ 109.¼ 109¼' 110 109.J,( 109.¼ lOl'l.¼ 109.¼ 109¼' 110 8. 108¼ 109,¾ 109¼ 109.¼ Holiday. 10 ¼ 109¼ s. 1093( 109¼ 108.¼ 109½ 109 109¾ 109.J,( 109¾ 108.¼ 109.¼ 109 109Ji 109¼' 109½ s. 109¼ 109J{ 109¾ 110 108.¼ 109¼ Holiday. 109.¾ 110 108.¼ 109¼ s.  187'2.  l?Y•s  ~tnn~r~.  tggus~-  February. March. topril.3 tonne.a 60UlJo3 SeJotemiar. Oc1ober. Nove~ GO 3 60 60 3 3 60 3 days. days. da):s. days. da;ys. days. da_ys. days. days. days. days. days. days. days. days. days. da:ys. days. days. days. days. days. 1 .. .. 2 ... . 3 .. ..  4 ... . 5 ... .  6.. .. 7 .. .. 8 ... . 9 .••. 10 .... 11 ..•• 12 .. .. 18 .. .. 14 ... . 15 .. .. 16 .. .. 17 .. .. 18 . . . 19 . ..• 20 .... 21. ... 22 ... •  Holiday. 109¾ 110¼ 109¾ 110 H•9¾ 110 JOg¼ 109.¼ 109¼' 109.¼  s.  109~ 109¾ 109 ~ 109¼' 109},(" 109¼'  1L9¼ 110 109¼' 109.¼ 109.¼ 109.¼  1091' 109¼' lO!l¼' 109¼ 109¼ 109¼'  109.¼ 109¼ 109.¼ 109_¼ 109.¼ 109.¼  s.  :,_  1P.9\( 10!!.¼  23 ..•• lW¼ 10!1}1  24 .... 25 ..••  26 .•• 27 ..•  28 ...•  109¼ 109¼ 109¼ 109¼  s.  109¾  Hl9;{  109,¾ 109¼  29 ••.•  109¼ 109¼  u ... .  109  au .. .. 10!1¼ 109,¾ 109¾  109 109.¾ 109¾ 110¾ 109¾ 110¾ 10'.J¼ 109¾ 109¾ 110.¼ 109¾ 110¼ 109¾ 110¼ s. 109¾ 109¼ s. 109.¾ 110¼ 109¾ 110¼ 109¼ 1(19¼ 109¾ 110¾ 109¼' 110 109¼ 109.¾ 109¾ 110¼ 109¼' 110 S. 1CJ9¼ 109.¾ 109¾ llO¾ 109¾ 109,¾ 109¾ 110¾ 1093( 110 109¾ 109~< •Nj¼ 110¼' 10.I¼' 110 109 Jid" 110¾ s 109\_110 109¼ 110.J,( 1093( 110¾ 10!l¼' 110 109¾ 110¾ 109}.( 110¼ 109 !,,( 110 109¾ 110½ 109¼' ao,¼ s. 109.¾ 110¾ 109¾ 110½ 10 ¾ 110¾ 109½ 110¼' 109.¾ 110,J.( 109.¾ 110¾ 109¼ 110¼ 109.¾ 110¼' s. 109.% 110¼' 109¾ I.il¾ s. 109¾ 110¼' 10 I_¾ 110¼' 10!1,¾ 110¼ 109.¾ 110¾ 109.¾ 110¼ 109¾ 110¼' 109¾ 110¼ 109¾ 110¼' S. 10\l.¾ 110¼ 109¾ 110¼' Holiday. 109¾ llC¼' 109¾' 110¼ 109¼ 110¾ 109¾ 110¾ 109,¾ 110.¾ s. 109¾ 110,¾ 109¾ 110¾ S. 109¾ 110¼ 109¾ 110¾ 109.¾ 110¾ 109¾ 110¼' 109),i 110 109,¾ 110¼' 1v9¼ 110¼' 109¾ 110¾ 109,¼ 1107-{ 109¾ 110¼ s. Holiday. 109¼ 110¾ 109¾ 110½ 109.¾ 110;. 109¼ 110¾ . .. .. . . . .. s.  109.¾ 110¾ 109¾ 110¾ 109¾ Wl¾ 109.¾ 110¾ S. 109~i 110¾ 109¾ 110¾ 10(),¾ 110¾ 109¾ 110¾ 109¾ 110¾ 109¾ 110¾ s. 109¼ 110¾ 109.¾ 110¾ lOq¾ 110¾ 109¼ 110¾ 109,¾ 110¾ 109,¾ 110_¾ s. 109¼ 110¾ 109¾ 110.¾ 109~{ 110¾ hl9.¾ 1:i.O¾ 109¾ 110,¾ 109¾ 110¼ S. 109.¾ 110¾ 109,¾ 110¾ 109:, 110¾ 109.¾ 110¾ 109¼ 110¾  109¾-110¾ s. 109¼ 110¾ 109.¼ 110¾ 109¼ 110¾ 10!1,¼ 110¾ 109¼ 110¾ 109½,_llO.¾ ~  109.¼ 110¾ 109.¼ 110¾ 109.¼ 110¾ 109.¼ 110¾ 109.¼ 110¾ 109.¼ 110¾ s. 109¼ 110¾ 109,¾ 110¾ 109.¾ 110¼ 109¾ 110.¾ 109.¼ 110.¾ 109.¾ 110.¾ S. 109.¼ 110¼ 1093{ 110¾ lO!l¼ 110; , 110 110¾ 110 110¾ 110 11ora s. . . . . . . • .. •  110 110¾ 110 110¾ 110 110¾ Holiday. 110 110¾ 110 110¾ S. 110 110¾ 110 110.¾ 110 110¾ 110 110¾ 110 110¾ 110 11oy. 8. JlO 110¾ ::.10 110¾ 110 110¾ 109_¼ 110¾ 109.¼ 110¾ 109.¼ 110¾ S. 109¾ 110¾ 109¾ 110¼ 109¾ 110,½ 109¼ 110¼ 109¾ 110½' 109¾ 110,¼ s. 109½ 110¼ 109¾ 110,¾ 10!-I_¼ 110¾  109¾ 110¼" 10!-I¼" 110¼ 109.~ 110¼ S. 1091.! 110¾ 109¼ 110 lOJ¼ 110 109 109.¼ 108.¼ 109.¾ 108.¼ 10.-1,¾ S. 108.¼ 109.¼ 108.¼ 109¾ 108.¼ 109Ji 108_¼ 109¾ 108.¾ 109¼ 108.¼ 109¾ 8. 109 109¼ 109¼ 109¼ 109¼ 109.¼ 109 109¼ 109 109,¼ 109¼ 109.¼ S. 109.J,.( 110 109¼ 109.¼ 109 109,¾ 109¼ 109.¼ 109 10fl,¾ 109 109¼  July. 60 3 days .days. 109¼' 110¾ 109¼' 110¼ 109.¼( 110¼ (Holiday.) (Holiday.)  August. 60 3 days.days. 109 10934' 109 109¼  107¾ 107,½ 107¾ 107¼ 107¼  108.¼ 108¼ 110¼ 108.¾ 108¾ 110 s. 108.¾ 108½ 108¾ 109.¼ Holiday. 108.¾ s. !08.¾ 110 108 109¾ 108¾ 110}1,' 1081.$' 110 108¾ 110¼ 1(18¾ 109¼ 108.¼ llO½ 108.¾ 1101,{ s. 108.¼ 110.¾ 108.¼ 110½ 108.¼ 110¾ 108¼ 110,¾ s. 108¼ 110,¾ 108¼ 110¾ 108.¼ 110¼ 108¼ 110.¾ 108~i 110¾ 109 110,¾ 108¾ 110¼' 109 110¾ s. 109 110,¾ 108% 110¼' 109 11••¼ 108¾ 110¾ s. 10~¾ 110¼ 109 110,¾ 108¾ 110¾ 109 110,½ 108¾ 110¼ 108¼ 110¼' 108¾ 110¾ 109 110.¾ s. 109 110¾ 10@¾ 110.J,( 109 110¾ 108~ 110.).,( S. 108~" 110 Iloliday. 109 110¾ 109 110¾ 10'!¾ 110 ( 107¾-108½ 108.¼ 110¼' 10B¼ 110 . . .. . . . ·-. 108¼ 110!,a'  s. 108.¼ 109.¾ 108.¼ 109¾ 103¾ 109,¾ 108.¾ 109½' 108¾ 109¾ 108¾ 109,¾ S. 108¼' 109 108~ 109 108¼ 109 108¼ 109 108¼' 109¾ 108)!( 109¼' S. 108¼' 109¼' 108.J.4 109¼' 108 109 108¾ 1093( 108¼ lO!l¼' 107¾ 108.¾ S. 107¼- 109¼ 107.¼ 109¾ 107¼ 109¼ 107.¼ 109¼ lOi¾ 108¼ 107_¾ . 108.¼  a  ;:;.  8. 108¾ 108.¾ 10 J( 108¾ 103¾ ,o.,,-.  1103,£ 110¼' 110¼' 110¾ 110¼ 110¼  108¾ 108¼ 109 109¼ 109¼ lil9¼  110¼ 110¼ 110¼ 110¾ .110¼ 110¼  s.  :;-1.  109¼ 109¼' 109¼' 109¼ 109.¾ 109.¼  110¼' 110.¾ 110¾ 110¼ 110Jt 110,¾  109¾ 109,¾ 10H,¼, 109,¾ 109,¾ 109.¾  110¼ 110¾ 110~ 110¼ 110¼ 110Jt  s.  s.  109¾ 110,¾ 1011¼ 110_¼  187'3.  1 .. .. 2 ... . 6 ... . 4 ... . 5 .. . G... . 7 .. . 8 ... . 9 ..•• 10 ... .  January. 60 3 days. days. (Holiday.) 109,¾ 110¼ 109¾ 110Ji 109.¾ 110¾  s.  109¾ 109¼ 109¾ 109¾ 109¾ 109¾  110¼ 110,¾ 110¼ 110¾ 110¾ 110¾  109¾ 109¾ 109¾ 109,¾ 109,¾ 109½  110¾ 110¾ 110.J,( 110¾ 110¼ 110¼  109¼ 109¾ 109¾ 109¾ 109,¾ 109,¾  110¾ 110,¼ 110,¾ 110,¾ 110,¾ 110,¾  ~7 •••• 109,¾ 28 .. . 109.¾ ~II ... . 109¾ 30 ... . 109¼ 11. .. . 109¼  110.¾ 110¼' 110¼' 110¾ 1.10,¼  11. .. . 12 . . •• 13 ...•. 14 .. .. 15 ... . 16 ..•. 17 .... 18 ..•• 19 ....  ~--·  21.. .. 22 ... . 23 ... . 24 ... . 25 ... . 26 ... .  s.  s.  s.   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  FebruarJ. March. April. 60 3 60 3 60 3 day!!. fays. days. days. days. days. 109¼ 110¾ 108¾ 109¾ 107.¼ 08}{ s. s. 107.¼ 108¾ 109¼ 110¾ 108¾ 109¾ 107¼' 108¾ 109,½ 110¾ 108¼" 109¼ 107¾ 108¾ 109!,g 110.Ya 108¾ 109¼ 107¾ 108¾ 109,¾ 110¾ !Od¾ 1093( s. 1()9¾ 110¾ 108 108¼ 107¾ 108¾ 109¾ 110¼ 108 108¼ 1il7¼' 108.J,( s. s. 107,% 108!-.£ 109¾ 110¼' 108 108½ 107.¼ 108}4 109½ 110¼' 108¼ 108¼ (Holiday.) 109.¾ 110¼' 108 108¼ 107.¼ 108¼ 109¾ 110¼' 108 108¾ s. 109¼ 110¼ 108 108¼ 107¼ 108¼ 109.J,( 110¼ 108 108¼ 107¾ 108~, s. s. 107¾ 108¾ 109¼ 110 108¼' 109 107¼ 108¾ 109¼ 110 108¼ 109 107.¾ 109 109¼ 110 108¼ 109 108 _108Ji 109 109.¼ 108¼' 109 8 10!} 109.¼ 108¼ 108¼ 108¾ 109% (Holiday.) 108¼ 108½ 108¼ 109¾ s. s. 108% 109¾ 109 109¼ 108¼ 108½ 108½ 109½' 109 109.¼ 108¼' 109 108¾ 109¼ 108.¾ 109¾ 108¾ 109¼ 108.¾ 109¾ 108¾ 109¾ 108.¾ 109¼' s. 108¾ 109¾ 108¼' 109¾ 108¼ 109¾ 108¼ 109¼ 108J~ 109¾ 8. 108¾ 109¾  lOS¼ 109  Ma.y. June. 6C 3 60 3 d ays.days. days days. 108% 109½ s. 108¾ 109¾ 108.¼ 110 108.¾ 109¾ 108.¼ 110 s. 10 .¼ 110¼ 108¾ 109¾ 109 110.¼' 10874 109¾ 109¼ 110.¾ 108½ H,9,¾ 109¼ 110¾ 108,½ 109¼ s. 108¾ 109¾ 109¾ 110½ 108¾ 109.¼ 109 1:OJ( 109¾ 110¼' 108¾ 109¼ 109% 110,J,( 108¼ 109½ 109¾ 110¼' 108¼ 110 109¼ 110¼' 108¼ 110 s. 109¼ 110¼' 109¼ 110¼' 109¼' 110.¾ 109¼' 110¼' s. 109¼' 1101( 109¼' 110% 109¼ 110¼ 109¼ 110¼' 109¼' 110¼' 109¼ 110¼' 109¼' 110¼' 109¼ 110¼' s. 109¾ 110¼ 109¼' 110¼' 109 110 109.¾ 110¼' 109 .,. 110),( s. 108.¼ 109¼ 109¾ 110.¼( 108¼ :09¾ 109¾ 110¼' 108¾ 109¾ 109.¾ 110¼' 108¾ 109¼ s. (Holiday.) 109¾ 110¼' 108¼ 1091(  s.  1093( 110¾ 10!!,¾ 11071( 109 ➔~ 110¾ 109¾ 110.¾ 109¼ 110½ 109.¾ 110¼  s.  109¾ 109¾ 109¾ 109¾ 109¾ 109¾  110,½ 110¾ 110¾ 110¾' 110¼ 110,1,(  109¾ 109.¾ 109.¾ 109½ 109,¼' 109¼'  110¼' 110¼' 110¼' 110¾ ]JO 110  s.  s.  109¼ 109½ 109 109.¾ !Oil 109,3i  100  too~  September 60 3 days. days. lOH( 108¾ 107,¾ 10 ¼' s. 107¼ 107.¼ 109 109¾ 107¾ 107¼ 109 109¾ 107.½ 108¼' 109 109¾ 108 108;{ 109 109¾ s. 109 109¾ 108.¾ 109,¾ 109 109¾ 108¾ 109.¾ s. 10' ¾ 109¾ 109 109¾ 108,½ 109¼ 108¾ 109¾ 108¾ 109.¾ 108¾ 109¾ 108¾ 109¼' 108% 109.¾ s. 108¾ 1091;( 108¾ 109.¾ 108)<.i 109¼' 108¾ 109¾ s. 108¾ 109¾ 108.¾ 109¾ 108½ 109¼' 108~ 108}' 108¾ 109¼' 108¼ 108.¼ 108½ 109,¼; 108 108J, S. 107.¼ 108¾ 108¾ 109¼' 107.¼ 108¾ 107,¾ 108.J,.( s. 107 107¼ 107.¼ 108.¾ 105¾ 106¼ 107½ 108% 105,¾ 106¾ 107¼ 108¾ 105~,/06¾ 108½ 108.¼ 108 108.¾ 105¼ 106¾ 108 108¾ 106,¾ 108  s  October. 60 3 days. days. 107,¾ 109 107¼ 108~4' 107 108.!{ 107¼ 108.l(  s.  lO'i¾ 107~ 107 107 106¾ 106¼  108¾ 108¼' 108 108 107.¾ 107¼  106,¾ 107 107 106 106¾ 106¼  107J' 108 108 107 107¾ 108  106~i 107 106¾ 106~4 106•~ 106.¾  108 108¼' 108 108 1083:{ 108¼'  106% lCfi¾ 106,¾ 106¼ 106,¾  108¼' 108 !,,( 108),;( 108,¼' 108¼'  s.  s.  s.  November December. 60 3 60 3 days. days. days. days. 100¼ 108¼' 1118¾ 109¼ s. !09¾ 110;,, 100¼( 108 108¼ 109¼ 0 108 109 108¼ 109¼' 105¾ 108 108¼ 109,¾ 105¾ 108¼' s. 106 108¾ 1087, 109.¾ s. 108.¾ 109¾ 106 108,½ 108½ 109,¾ · 106 108½' !08¾ 109¼ 106¼ 108¾ 108¼ 109¾ 10, 109 108.¼ 109¼ 107 109 s. 107 109 109¾ 110 s. 109 109¼ 106¼ 108¼ 109 109.¼ 106¼ 108¼ 109 109¼ 10, 1083,4 108.¼ 109¾ 107~ 108¾ 108¼' 109¼ 107 108¾ s. 107 108¾ 108¾ 109¼ s. 108¾ 109¼ 107?,( 108¼ 108¼ 109¼ 107¾ 108.¾ (Holiday.) 107¾ 108¾ 108¾ !O!l.¾( (Holiday.) 108¾ lO'il¼ 107¼ 108.¼ s. 107.¼ 108.¼ lli9 109,¾ s. 10 7 ~ 109¼ 108¼ lO!I¼  1&} 1i1o1->  /  FOREIGN EXCHANGE.  27  Ul'i.S~lU':i-1876. In 11374 rates for sterling bills were unusually steady, and during a large part of the year were very firm. The rates reached  specie shipping point several times, leading to considerable shipments of coin. The return movement late in the year of United States Govfil'nment bonds to this country wi.s estimated by som9 of the most competent judges here to amount to about $8,000,000. In 1871$ there was little to disturb the course of exchange so far a.s the transactions between the United States and foreign countries were concerned; but the rates were greatly depressed at times by the scarcity of cash gold iu New York, and the conse•uent high rates on gold loans forced by speculative manipulation. In 1876 the price of f oreign exchange was very little disturbed either by speculative manipulations or by bond negotiations a.broad, and the market was left to take its course as governed by ordinary trade influences. In the first seven months of the year rates frequen tly rul ed high enough to admit of the shipment of specie at a profit; but after July the market weakened, and during the last three months there was little active demand from any quarter and rates rul'3d so low as to induce cons1denble shipment, of coin from abroad. The large excess in the exports of the co11at,ry over the imports was generally believed to have bad ai, · '.lnportant bearing on the rates of exchan2'e,  18'i4. June, May. April. March. · February. 3 ® 3 ® 3 M 9 ® 3 ® days. days. days. days. days. days. days. days. days. days. . .. .. S . . . .. .... S . ... 4.85.½ 4.&:i½ 4.8:! 4.91 4.8 ½ 4.91½ 1.... Holiday. I .... 4.83 4.87 4.84 4.87¾ 4.84½ 4.88 4.81'¾ 4. 8.¾ 4.88 4.91 4.88,¼ 4.!11¾ a.... 4.82¼ 4.86¼ 4.84¾ 4.88 4.84,¼ 4. 8 Holiday. . .... S•...•• 4.S>i.½ 4.!11¾ 4 .... ..... S ...... 4.85 4. 8¼ 4.84 4.87¾ 4.85¾ 4.88¾ 4.88 4.91 4.88,½ 4.91,½ G.••• 4.83 4.87 4.85 4.88½ 4.84½ 4.88 ..... 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S... .. 4.89 4.;11,¾ 18 .... ..... S . ..... 4. 85 4.89½ 4.85 4.8.8½ 1.85.½ 4.88½ 4.88¾ 4.91_¾ 4.88,½ 1.91 19 .... 4.'14 4.87¾ 4.85 4. S¼ 4.85 4.88 .. ... s.... .. 4.88¼ 4.91½ 4.8 ·¾ 4.91 to .... 4.83 4. 6¼ 4.85 4.88¾ 4.85 4.88 4. 6 4.89 4.8 ¼ 4.91,½ 4.88¾ 4.91 21. .•. 4.83 4.!l6½ 4.85 4.88_¾ 4.85 4.88 4.86 4.89 4.88¼ 4.91¾ .. ... S. . .. 22 . .•• 4.84 4.88 .... s .... .... ... s.... .. 1.86 4.89 4.88¾ 4.91½ 4.88¾ 4.91 ss .... 4. 4¼ 4.88 Holiday. 4.85 4.88 -t 6 4.89 4.88_¼ 4.91¾ 4.8 .¾ 4.91 94 ... 4.84¾ 4.88 4. 5 4.88½ 4.85 4.88 -1.86,¼ 4.89¼ .. .. . S...... 4.8~.½ 4.91 25 ...... . . S•..••• 4.84½ 4.88 4.85½ 4.8~½ 1.86¼ i.89½ 4.88¾ 4.9 1_¾ 4.88½ 4.91 18 . ... 4.88¼ 4.87 4.84 4.87.½ 4.85.½ 4.'38½ ... .. S ...... 4.lsS.J,g 4.91¾ 4.88¾ 4.9! 17 . ... 4.84 4.87½ 4.84 4.h7½ 4. 5.½ 4.88}! 1.88 4.91 4.88¾ 4.r'1¾ 4.88,½ 4.Jl 18... 4.8-t¾ 4.88 4.84 4.37½ 4.85¼ 4.88.J,<, -l-.87,½ 4.90.¼ 4.~¾ 4.91¼ ..... S. ..... .. ... S. . . 1.87½ 4.90½ 4.8RM: 4.91_¾ HB¾ 4.91 29 .... 4,84¼ 4.bS 4.S5 4.88 -1.87¼ 4.90¼ Hohday. 4.88¼ 4.91 30 ••• 4.84 4.87¾ ••••. 4.85 4.88 31. .•• 4.84 4.87¼  s......  October. November. December August. September. July. I 00 3 ® 3 M 3 00 3 M 3 ® d ays. days. days. days. days. days. days. days. days. days. da,·s. days. ... .. 8 .... . . 4.85¾ 4.90~ 4.88!( 4.9t 4.83 4.-::0¾ 4.87 4.8~½ 4. 5 4.88 4.87 4.'39½' 4. 5¾ 4.88¾ 4.84½ 4.88 4.85¾ 4.90¼ ..... S.... -L88¾ 4.91 4.85 >1 4.90¼ ... . 4.90¼ 4.88 4.!10¾ 4.87 4.89¼ 4.85,¼ 4.i~S¼ Holiday ..... S .. . .. 4.64¾ 4.88 4.85¾ 4.90¼ Holiday. 4.88 4.90¾ 4.86¼ 4.89 1.85¾ 4.88¼ 4.85 4.88¼ 4.85.¾ 4.90~ .. ... S• . .•• •1.88 4.90.¾ 4.86¼ 4.89 .... . S .... .. 4.86 4.89 4.85 4.88,½ ..... S .... 4.88 4.90,½ 1.88 4.91 4.38 4.9,J ¼ 4.87¾ 4.!11 4.86 4.88¼ 4.So 4.89 4.85¼ 4.89 4.85¾ 4.903' 4.87¾ 4.90 4.87¼ 4.91 4.85¾ 4.SS 4.85¾ 4.88¾ ..... S ..... 4.85¼ 4.90¼ .. . 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July. 8 6/J 3 3 A. 60 60 3 60 3 60 3 60 d ays. d ays days. days. d ays. days. days. days. dRys. days. days. days. 4.8-l ¼ 4 84½ 4.82 4.84 S. 4.88½ 4.90¼ 4.88!( 4.90,¼ 4.87 4.88 ~ 4.88½ 4.00!,g 4 87 4. 8½ 4.83 4 84½ 4.82½ 4.1-14¼ 4.82 4.84 s, S. 4.~3 4.8 •¾ 4. ► 2¼ 4.8 1¼ S. 4.88½ 4. 90½ 4.8,½ 4.90½ H ,liday. 4.88½ 4.1 O½ 4.86½ 4.88 4.83½ 4.85 4.82½ 4.84½ 4.82 4.84 4.82 4.84 s. 4.88 ).$ 4 90¾ 4 88¼ 4.90½ 4.86¼ 4.88 4.8-!½ 4.85 4.86 4.87½ 4.83.~ 4. •5 4.8'! 4.84 4.82 4.84 8. 4.88½ 4.90,¼ Holiday. 4.82 4.84 4.8~~ 4 90¼ 4.88½ 4.90½ 4.85½ 4.87 4.83_½ 4.85 4.82 4.84 4.82 4.84 .:i. 4.88½ 4.90¾ 4 88.J,g 4.90½ 4.85 4.86¼ 4.88 4.90 4.85 4.86½ 4.83_¾ 4.85 4.82 4 81 4.82 4.84 S. S. 4.St 4.85¾ 4.82 4.84 S. 4.Si 4.90 4 89 4 91 4.89 4.91 4.8 i'½ H9½ 4.84 4 85½ 4.84 4.85½ 4.S--l 4.84 4.82 4.84. 4.82 4.84 s. 4.8!1 4.91 4.87.½ 4.89}~ 4.81 4.85½ 4.84 , .85½ 4.85½ 4.84 4.85,¼ 4.82½ 4.84_¾ 4.82 4.84 4 84 s. 4.89 4. 91 4.87½ 4.89½ 4 84 4.85½ 4.84 4.85_¾ ".I.St¾ 4.84_¼ 4.82 4.84 4.89 4.Hl 4.82½ 1.84>,i 4.82 4.84 S. 4.89 4.91 4.87½ 4.8 J½ 4$l ¼ 4.85 4.87½ 4.Sl½ 4.83½ 4. · 5 4.84 4.P5¾ 4.8 !½ 4.84½ 4.82 4.8' S. S. 4.84 4.85½ 4.82.J, 4.!:4½ S. 4.89 4.91 i .87½ 4."9¼ 4.89 4.91 4.87¼ 4.81¾ 4.83½ 4.85 ~.84~ 4.Sli½ 4.82¼ 4.84,½ 4.82¼ 4.84¼ 4.82¾ 4.84"' S. 4.Sl 4.91 4.87½ 4.89;ci 4.8-'!½ 4.85 4.S-i¼ 4.·5½ 4.!l8¼ 4.85 4 Si½ 4.85~ 4 82½ 4.84_¾ 4.82){ 4.84~ S. 4.89 4.91 4.87½ 4.89¼ 4.83 4. 4½ 4.83¼ 4 85¼ 4.82¼ 4.84H 4.82~ 4.84~ 4.89 4.91 4.82~ 4.84¼ 4.83 4.SIS S. 4 83 4.f!4½ 4.9J 4.88 4.89 4.91 4.88 4.90 4.8-'.J 4.84½ ◄ .83¼ 4851/, 4.S2 4.84 4.88 4.85 S. s. 4. 1'8½ 4.85½ ◄ .8t 4.84 s. 4.88_¾ 4.90.½ 4.88½ 4.90 Holiday. 4 88¼ 4 !'O½ 4.8:i,~ 1,g 1 4.83 4.84¼ 4.S.3½ 4.83½ 4.Si 4.84 4.85~ 4.88~ 8. 4.85 88 4 ¾ 4.8 4.88Jy 4.90½ 4.88 4.89¼ 4.t-:3 4.83 4.84}{ 4.83 4.85 4.1<2 4.84 4.83¼ 4.SIS~ S. 4.88½ 4.90!4 4.8ti½4.9)~ 4.88-489½ 4.S:3 48i½ 4.82½484¼ 4.82 4.84 4.84 4.86 4.St i.84 4.84 4.86 S. 1 88_¾ t.90½ 4.~d 4.89½ 4.83 4.841t 4.88 4.89½ 4.83 4.84½ 4.Sl¾ 4 8 1½ Holiday. 4.84 4.80 8. L 4.58½ 4.~J" 4.Bl'Ja',89 . . •••••. . .• . 4~}' '-84H •• _..... • . . •  28  FOREIGN EXCHANGE.  18 ?'7'-?'8-lf9. In 1877 exchange ruled quite steady in the early part of the year, but after July, as the large crops began to come in an exports of domestic products were large, the price declined and ruled low during the balance of the year. Except for the retu of United States bonds from abroad, the price would probably have been lower and the imports of specie would have bee larger. 1878.--Exchange was much influenced throughout the year by the heavy exports of domestic produce. In the first six months there was a large movement in United States bonds returned from foreign market , which gave rise to a considerable demand for bills, that supported prices. In the last half of the year exchange generally ruled at low figures. 1879.-During the early part of the year the rates for sterling bills were made firm by the heavy return of called bonds from abroad; and after February demand sterling bills were often quoted in the bankers' po ted rates at 4 89½@4 90, and there was apprehension that specie would be exported to a considerable amount. There was no large export of specie, however, and in the latter part of July, after the last call for bonds had matured, rates of exchange fell off rapidly to a point which admitted of the imports of specie, and so remained throughout the year. The excess of exports over imports in the fiscal year ending J-q.ne 80, 1879, was about $270,000,000. ""The specie imported at New York in 1879 was $84,176,764, and the export was $14,454,343.  18n.: January. F ebruary. March, April. May. Jun~. Jnly. August. September. Oitober. N ovember. December. Day of &o 8 a 60 a 60 a 60 a 60 a 60 s 60 a 60 60 3 60 3 60 3 60 a llonfu. days. days. day&. days. day • days. days. days. days. day& . days. days. days. days. days. days. days. days. days. deys. days. days. days. days. 1. •. . Holiday. 4 85 4 86¼ 4 83,¼ 4.85 S. 4 88 4 90 4 8 4 90¾ S. 4 86 4 87¼ 4 83¼ 4 Sti¼ 4 8~ 4 85¼ 4 81 4 85½ 4 81¾ 4 84¼ I ..•. 4 84 4 86 4 85 4 86¾ 4 84 4 85¾ 4 84¾ -t 86½ 4 88 4 90 4 88 4 90¼ 4 88 4 90¼ 4 86 4 87¼ S. 4 82 4 85½ 4 81 4 85¾ S. 8 .... 4 84¾ 4 86¾ 4 85 4 86½ 4 84 4 85Ji 4 85 4 87 4 88 4 90¾ S. 4 88 4 90,¾ 4 85½ 4 87 4 83.¾ 4 86¾ 4 S2 4 85¾ 4 81 4b5½ 4 81 4 84 L .. 4 84¼ 4 86½ S. S. 4 85¾ 4 87½ 4 88 4 90¾ 4 88 4 90½ Holiday. 4 85¼ 4 87 4 8~¾ 4 85¾ 4 81 4 85 S. 4 81½ 4 84½ 5 - .. 4 84¾ 4 86¾ 4 85 4 86¾ 4 Si 4 85¾ 4 85¾ 4 87½ 4 88 4 90½ 4 88 4 90¾ 4 BS 4 90½ S. 4 82x 4 85¾ 4 81. 4 85 4 81 4 85 4 81¾ 4 84¾ 8 .... 4 84¾ 4 86¾ 4 85 4 86¾ 4 84½ 4 86 4 86 4 88 S. 4 88 4 90¾ 4 811 4 90½ 4 85¾ 4 87 4 83 4 Sti 4 81 4 85 Holiday. 4 81¾ 4 84.¼ 'a'.... 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April. 60 a 60 3 60 3 days. days. days. days. days. days. 4.82¼ 4.84½' 4.84¾ 4.8ti¾ 4.87¾ 4.90 4.82,¾ 4.84¾ 4.84½ 4.86¼ 4.87 4.89½ s. s. 4.87 4.89½ 4.82½ 4.84_½ 4.84 \.5 4 86½ 4.87 4.89½ 4. 2½ 4.84¾ 4.84ft 4.86½ 4.37 4.89~ 4.82¼ 4. 4½ 4. · 4½ 4.86¾ 4.87 4.89¾ 4.82¼ 4.84,¾ 4.84¾ 1.86¾ s. 4. 2½ 4.81½ 4.84½ 4.86½ 4.87 4.89.¾ 4.82_¾ 4,84¾ 4.84½ 4.8&½ 4. 86¼ 4.89 s. s. 4.87 4.89½ 4.82¾ 4.84¾ 4,85 4.87 4.87 4.89¾ 4.82.¾ 4.84¾ 4.85 4 87 4.87 4.89½ 4.82¼ 4.84 4.85¾ 4.87¾ 4.87 4.89¼ 4. 2¾ 4.84¾ 4.86 4.88 S 4.82½ 4.84½ 4.86 4. 8 4.86.¼ 4.89 4,82¼ 4.84½ 4.86 4.88 4.(Y , ✓ .89 s. s. 4.8~.¼ 4.89 4.82,¾ 4.84¾ 4.87 4.89 4. 4.89¾ 4.82½ 4.8-t½ 4.87 4.89 G'd Friday. 4.82.¾ 4.84¼ 4.87¾ 4.89¾ 4.87 4.89¾ 4.83 4.85 4.87½ 4.89¾ S. Holiday. 4.87½ 4.b'9¾ 4.87 4.89½ 4.b3 4.85 4.87¼ 4,89¾ 4.87 4.89¾ S. S. 4.87 4.89¾ 4.83 4.85 4.Si½ 4.89¾ 4.87 4.89¾ 4.83¾ 4.85¾ 4.87¼ 4.89.½ 4.87 4.89¾ 4.84 4.86 4.87½ 4.89¾ 4.87 4.89¾ 4 84 4.86 4.88¼ 4.90¼ S. . .. .. . . 4 88½ 4.90½ 4.87 4.89.¾ ...•........ 4.88½ 4.90½ 4.87 4.89¼ .. . . . .. .. . S. . ...........  May. 60 3 days. days. 4.87 4.89½ 4.66½ 4.89 4.86½ 4.89 4.86¾ 4.89 S. 4.86¾ 4.89 4.86,¾ 4.89 4. 6½ 4.89 4.Sfi,¾ 4.89 4.86½ 4.89 4.Sci,¾ 4.89 S. 4.86¾ 4.89 4.86 4.8~¾ 4.85,¾ 4. d8 4 85¾ 4.88 4.86 4 88>,i 4.86 4 88¾ S. 4.86 4,68¾ 4. Bo 4. 88½ 4.85½ 4.88 4.85,¾ 4.88 4.85¾ 4.88 4.85½ 4.88 S. 4.84½ 4..87 4.83½ 4 86 4. 3½ 4.86 Holiday. 4.'4 4 86  High. 4.83 4.86 Low. 4.81½ 4.84  4.84 4.82  4.81 4.89¾ 4.Sli 4.88¼ ~4.86 4.83,¾ 4 86 4 84¾ 4 86.¾ 4.8S  6. . ..  'l .. . . 8- ... 9 .. .• 10 ....  s.  4.86 4.84  4.88½ 4.90¾ 4.87½ 4.90 4.84¾ 4.86½ 4.86¼ 4.89  June. 60 3 days. days. 4.84¾ 4.Bo¼ 8. 4. 4¾ 4.86½ 4.85 4.87 4.85 4. 7 4.85 4.87 4.85¼ 4.87¾ 4.85,¼ 4.87¼  s.  4.85¾ 4.87¾ 4.85.½ 4.87½ 4 i:!5¾ 4. 87½ 4.85¾ 4.87½ 4.S5½ 4. 87¾ 4.85¼ 4.87¾ S. 4.85½ 4.87¾ 4.85¾ 4 .87.¾ 4.85)!;' 4.87¾ 4.85~ 4.87¾ 4.t>H 4.87¼ 4.86¾ 4.87½  s.  4.85½ 4.87¾ 4.8'1 4 88 4.86 4.88 4.86 4.88½ .J.86 4.88¼ 4 86 4.88½ 8. .... ....... .  July. 60 3 days. dayi:!. 4.Bti 4.8t!¾ 4.1-6 4.88½ 4.86 4.88¾ Hol iday. 4.85 4.88 4.85 4.88  s.  4.84 4.87 4.84 i.87 4.84 4.8: 4.84¾ 4.87½ 4.84¾ 4 87½ 4.84¾ 4 87¾ S. 4.84 4.87 4. 3½ 4.86¾ 4.83,½ 4.86¼ 4.83¾ 4.86¼ 4.83¼ 4.86¼ 4.83½ 4.86½ S. 4.83 4.f6 4.83 4.86 4.83 4.86 4.88 4.86 4.83 4.56 4.83 4.86 S. 4.83 4.86 4.83 4.86 4.Sil 4.86  Augnst. September. October. November. December. 60 3 60 3 60 3 60 3 60 3 days. days. days. days. days. days. days. days. days. days. 4.82,½ 4.86 8. 4.81 4.85¾ 4.82¾ 4.88 S. 4.83 4.86¾ 4.84 4.88½ 4.61 4.85¾ 4.82½ 4.88 4.82 4.86¾ 4.83 4.86¾ 4.84 4.88½ 4.81 4.85¾ s. 4.82 4.86¾ S. 4.83½ 4.88 4.81 4.85¾ 4.82 4.87½ 4.82 4,BG½ 4,83½ 4.87 4.82½ 4.87 4.81 4.85½ Holiday. 4.82 4.86¼ 4.8-3¾ 4.61'½ 4.02¼ 4.87 s. 4. ' 1¾ 4.86¼ 4.82½ 4.87 4.8-'3¾ 4..87.¼ 4.82,¼ 4.87 4.81 4.85¼ 4.80,¾ 4.85,¾ 4.82,¾ 4.87 4. -3½ 4.87½ s. 4.80½ 4.85 4.81 4.86 S 4.83,¾' 4.87,¾ 4.82,¾ 4.87 4.80,¼ 4.85 4.81 4.8& 4.83 4.67¼ 4.84 4.88 4.82 4 86¼ 4.80 4.84½ s. 4.83 4.87¾ S. 4.i:!2 4.86½ 4.79½ 4.84 4,81¾ 4.86¼ 4.83 4.87¾ 4.N½ 4.88½ 4.82 4.86½ 4.';'9_¾ 4.84 4.81½ 4 86¾ 4.83_¼ 4.88 4.85 4.89 4.~2½ 4.87 s. 4.81¾ 4.86¾ 4.33¾ 4.88 U5 4,89.¾ 4.t:2½ 4.87 4.78½ 4.84 4.82 4.86¾ 4,83½ 4.88 4.85 4.89½ S. 4.79 4,84½ 4.82 4.86¾ S. 4.85 4.8 •½ 4 i:2½ 4.87 4.79½ 4.85¼ 4 82 4.86¼ 4. 3½ 4.88 4.85 4. 9,¾ 4. 2¾ 4.87 4.79¼ 4.85¼ s. 4.83¾ 4,88¼ S. 4.82½ 4.87 4.80 4.86 4.82 4.Sli¾ 4.83¾ 4.88,¼ 4.85 4.89½ 4. 2,¾ 4.87 4.80 4 86 4.82 4.fl6¾ 4.83½ 4.88¾ 4.85 4.89¼ 4.82¾ 4.87 s. 4.82 4,86¼ 4.8-3¾ 4.88}1 4.84.¾ 4.89 4.82½ 4.87 4,80½' 4.86½ 4.82 4.86½ 4,83½ 4.89 4H¾ 4 8.:1 S. 4.81 4.87 4.82½ 4.87 S. 4.&3¼ 4.88 4.82½ 4.87 4.82 4.88 4.82¾ 4 87 4.83¾ 4.89 4.83¾ 4.88 4.82 4 86¾ 4.82 4.88 S. 4.83.¾ 4.89 S. 4.82 4.86,¾ 4.82¼ 4.88½ 4.82½ 4.87 Holiday. 4.83½ 4.88 4.82 4.Sti½ 4.82½ 4,88¾ 4.82 4.86¼ 4.83 4.88¼ 4.83¾ 4. 8 4.81 ¼ 4.86 s. 4.82 4.86,¾ 4.88 4.88~ 4 84 4. ¾ 4.81½ 4.86 4.82½ 4-88¼ Holiday. 4.83 4,88½ 4.84 4.8S¼ S. 4.82½ 4-88.¾ 4.82 4.86¼ 8. 4.84 4.58½ 4.81¾ 4.86 4.82½ 4,88½ 4.82 4.86¼ 4.82 4 87¼ 4.84 4.88½ ......... . .. 4.82¾ 4-88 ............ 4.82 4.87½  4.88¼ 4.85 4.89½ 4.84 4.88¼ 4.82.½ 4.88¾ 4.82½ 4.88 4.83½ 4.89 4.86 4.82¾ 4.8tS 4.81¾ 4.86 4.78¾ 4.84 4.80¼ 4.85¾ 4.82 4.86.1{  1879. Doal January. Mo. 60 d. Sight. ~::: :4Jti~~li½ 8 .... 4.82½ 4.87½  4 ... .4.82¾ 4.87½  5 .... s. 6 ... .4.83 4.S8 7 . .. .4.88½ 4.S8 8 ... .4.83½ 4.S8 9 ... .4.83½ 4.87½ 10 .. .. 4.84 4.S8 l1 .... 4.84 4.S8 12 .... s. 13 . ... 4.~ 4.88¼ 14 .... 4. 4.88¾ 15 .... 4.85 4.~ 16 .. . .4.85 4. 17 . ... 4.85 4.88¼ 18 .... 4.85 4.88¼  February. 60 d. Si~t. 4.~:· ½ 4.85½ 4.S8½ 4.86 4.88¼ 4.86 4.~ 4.86 4.S8 4.86¼4.89 4.861~-80 4.~4.89 4. 4.89  4.86¾4.89  4.86½ 4.89 4.86½ 4.89 4.86:½;4.89  s.  4.86½4.89 4.86¼4.89 4.86 4.89 19 --- . s. 4.86 4.89 20 ... .4.85½.4.89 21 ... .4.86 4.89½ 4.86 4.89 22 ... .4.86½ 4.89½ Holiday. s. 28 ... .4.86 4.89 4.86 4.89 24 .... 4.86 4.89 4.86 4.89 25 .... 4.86 4.89 4.86 4.89 26 .•.. s. 27 ... .4.85½ 4.88½ 4.86½4.8~ 28 .... 4.85½ 4.S8½ 4.85¼4.8 29 _.. .4.~ 4.88s ...... ······ ............ 80 . .. .4. 4.S8 :u .... -1.85½ 4.88 ...... ······  March. 60 d. Siiht. 4-~:· 9½ 4.87 4.90 4.87 4.90 4.87 4.90 4.87 4.90 4.87 4.90 4.87 4.00  s.  4.87 4.90 4.89½ 4.90 4.87 4.00 4.87 4.81}¾ 4.~4.90 4. 4.90 4.87½4.90  4.87 4.1 4.87 4.89 ~87 4.89 4.87 4. 4.87 4.89>,  s.  4.86 4.~ 4.85}94.88 4.SIS¼ 4.S8 4.86 4.~ 4.86 4. 4-~~-89 4.85¼4.SY  High .4.86¼ 4.8~ 4.ffi:4·~ 4.87¼ 4.90 4,85¼ 4.88 Low .. ~82 -i.~ UiO 4.   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  April. May. r~~~%~t. 4.87 4. 9½ 4.87 4.88¼ 4.87 4.89 4.87 4.88¾ 4.87 4.89 s. 4.87 4.89 4.87 4.88¼ s. 4.87 4.88¼ 4.87 4.89 4.87!>1;4.89 4.86½4,S8~ 4.87½ 4.89 4.85½4.S8 4.87½4.89 t~~j~~ 4.87\~-89 4.86~:-88½ 4.S8 4.89½ 4.S8 4.89½ 4.86½4-~ 4.S8 4.89½ 4.87 4. 4.88 4.89½ 4.87 4.88¼ 4.S8 4.89½ 4.87 4.S8½ 4.88 4.89½ 4.87 4.88¼ 8. 4.81 4.88¾ 4.S8 4.89½ 4.S8 4.89½ s. 4.86¼4.S8 4.88 4.89¼ 4.87 ,_ 4.iit4.90 4.87 4. 4. 4.90 4.87 4. 4. 4.90 4.87 4. 4.87 4.88¼ 4.~4.90 4. 4.90 s. 4.87 4.88s 4.88 4.89½ 4.87 4.88 4.88 4.89½ 4.67 4.88  rs~· 81.~  1  ils~i~·  June. 60 d. Sight.  s.  4.88¾4.90 4.S8½4.90 4.S8}94.90 4.S8½ 4.90 4.S8½4.90 4.~:·90 4.88½4.90 4.88¼4.90 4.S8 4.90 4.S8 4.90 4.S8 4.90 4.88 4.90  s.  July.  f8~81-~ 4. 1%4,88½ 4.86¼4.S8½ Holiday. Holiday.  August. ~?J· 4.88 4.85  81~t.  s.  4.88 4.85 4.88 4.86 4.83 4.85 s. 4.86!>1;4.S8½ 4.83 4.85 4.86½4.S8½ 4.83 4.85 4.86½4,S8½ 4.83 4.85 s. 4.~4.S8½ 4. 4.S8~ 4.83 4.85 4.86:½;4.88¼ 4.82½4.84¼ s. 4.8~4-84¾ 4.86½4.= 4.82 4.84¼ 4.86:½4. 4.82½4.84¼ 4.86½4.S8½ 4.8~:-84½ 4.86½ 4.88¾ 4.86 4.88 4.82½4.84¾ 4.86 4.S8 4.82½4.84¼ s. 4.82½4.84½ 4.85½4.87½ 4.82½4.84½ 4.85 4.87 4.84¾4.84½ 4.85 4.87 4.82¾4.84¾  eptember. ~?8~· 1.fllt. 4.82 4.84 4. 2 4.84 4.82 4.84 4.82 4.84 4.82 4.84  s.  4.82 4.84 4.82 4.84 4.82 4.84 4.82 4.84 4.8ll 4.84 4.82 4.84  s.  4.82 4.84 4. 2¾4.84¾ 4. 2½4.84½ 4.82½4.~ 4.82½ 4. _ •. 82v-84¼ 4.82 4.84 4.82 4.84 4. 2 4.84 4..85 4.87 s. 4.82 4.84 4.82 4.84 4.85 4..87 4.82 4.84 4..85 4.87 4.82 4..84 4.82 4.84 4.82 4.84 s. 4.88½4.85½ 4.81¼ 4.!:SS¼ 8. s. 4.83½4.85½ 4.81¼4.88½ 4.82 4.84 4.S6½4,Si½ 4.83½4-~ 4.811~-iS½ 4.S2½4.84½  4.S8 4.90 4.S8 4.90 4.88 4.90 4.S8 4.90 4.88 4.90 4.88 4.90 8. 4.88 4..90 4,87¾4.81}½ 4.87½4.89¾ 4.87 4.89 4.87 4.89 4.87 4.8Q  4.i3¾4,  October.  f~81.~ 4. 2 4.84 4.82 4.82  4.82 4.82 4.82 4.82 4.82 4.82  4.84 4.84  s.  4.84 4.84 4.84 4.84 4.84 4.84  s.  4.82 4.84 4.82 4.84 4.82 4.84 4.81½4.~ 4.81½4. 4.81\:•83½ 4.81½4.88½ 4.81½4.83¼ 4.81½4.88¼ 4.81½4.83½ 4.81~t~ 4.81 4.  November. December. 60d. Slit. 4.81~:· ½ 4.81 4.84 4.81½4.88½ 4.82 4.84¾ 4. 2 4.84¾ 4.88 4.85½ 4.8~4. 3½ 4.88 4.80 4.83½ 4.8 4.83½ 4.88 4.85½ 4.82½4.85 4.80½4.83½ 4.82½ 4.85 4.80¾4.83½ 4.82½4.85 4.80½4-~ 4.82½4,85 4.81)~4. 4.821t85 4.80 4.88~ 4.801~-83 4.81½4.84 4.82 4.84½ 4.82 4.84¾ 4.81 4.84 4.82 4.85 4.81 4.84 4.81 4.84 . 4.82 4.85 4.81½4.84½ 4.82 4.85 s. 4.81½4.84¼ 4.811:·841/2 4.82 4.84½ 4.82 4.84½ 4. 2 4,84½ 4.81½4.84¾ Holiday. 4.81 4.84 4.82 4.84½ 4.81 4.84 4.82 4.84½  ~?81~81ft  l\~-2.~  4.81¼4.83½ 4.81½4.= 4.81¼4. 4.Sl~:-84 4.8lt1 4.83½ 4.81 4.83½  liflJ~~li  4.87 4.89½ 4.~4-~ 4.88½4.90 4.8~4.84½ 4.82¼ 4.84,n 4.81¼4.84½ 4.8~4.88½ 4.83 4.85 4.87 4.88,,i 4,86¼4.88¼ 4.8 4.~ 4.81¼4,83¼ 4.82 4.84 4.86¼ 4.88 4.81¼4.83¾ 4.80¼ 4.88)i  lSb¾  s.  4.82 4.84½ 4.81~4-~ 4.81 4.  29  FOREIGN EXCHANGE.  1880-81. 1880.-The coUl'se of exchange in the early months of the year was quite steady, and although there was no return of ecurities from abroad as in 1879, the very large importation of forejgn merchandise kept up the demand for bills. In May rices of sterling bills were so ~rm that exports o~ specie were apprehended. I~ Ju_ly, h_owever, rates began to fall off,_ as the ports of foreign merchandise had been COI1:5Iderably checke~ by the declme m pn_ces here; and after July prices ?f xchange so fell off that tbe importation of spec10 commenced, which was well kept up until the end of the year, and resulted m he receipt at New York of about $69,000,000 from August 1 to December 31. 1881.-At the opening of the year rates of exchange were unusually low, and :i.fter stiffening up in February were uite demoralized after the 25th of that month by the flurry in the money market. After the middle 0f April rates became rm and so remained till August, when there was another decline t0 low prices, which lasted without suostantial recovery till e end of the year. The excess of imports over exports of specie for the twelve months ending November 30 was $62,986,036, gainst $59,342,990 in 1879-80; but for the five months, July-November, 1881, the excess of imports was only $24,408,228, gainst $52,593,842 in 1880. In January, 1881, an attempt was made by some of the principal drawers of exchange to alter e method of quoting sterling bills to the per cent basis-thus, the price of 98 for a bill meaning 98-100 of the face value. educed to dollars at the legal valuation of $4·8665 to the pound. This plan, however, was found unpopular, and was soon bandoned. 1~80. ay 0  t  February, April. Marca. 1 135~~,~~lit. 60d. Sight. fsg• ~-~t. fsg¼~ -~~  s. 1... Holiday. 2 .... 4.81~4-84½ 4.83½4.85½ 3 .... 4.81 4.84¼ 4.8~4.85 4.83 4.85½ 8. 4.... 5 .... 4.81½ 4.84~ 4.83 4.85½ 6 ...• 4.81½ 4.84 4.83~4.86 4.83 4.86 7 .... 4.82 4.84 s. 8 .... 4.82 4.84½ 4.83½ 4.86 9 .... 4.82½ 4.85 4.83½4.86 10 .... 4.82½ 4.85 4.83,½4.86 s. 11.... 12 .... 4.83 4.85½ 4.83,½4.86 4.84 4.86½ 13 .... 4.83½ 4.86 14 .... 4.83 4.85½ 4.84 4,86½ s. 15 .... 4.82~ 4.85 4.84 4.86,½ 16 .... 4.82 4.85 4.84½4.87 17 .... 4. 2½ 4.135 4.84¼4.87 8. 18.... 19 .... 4.88 4.85 4.84~4.87 4.84 4.87 20 .... 4.83 4.85 4.84½4.87 21 .... 4.88 4.85 22 .... 4.83 4.85 23 .... 4.83 4.85 Holida~. 4.85 4.8 ½ 24 .... 4.83 4.85 s. 25 .... 4.85 4.87~ 4.85 4.87 26 .... 4.82 4.84 27 . ... 4.82½ 4.84½ 4.85 4.88 4.85 4.88 28 .... 4.83 4.85 s. 29 .... 4.14.85½ so .... 4.83 4.85½ ······ ...... 31 .. • 4.83 4.85½ ...... ...... 4.85 4.88 4.82,½4.85  D  Jl  January.  2 .. .  s.  1f_~~~ ~%u~i::.t,  • February. ~~t.  rJ· 4 83  !~½½!~ 1rs L: 5 .... 4 80 4 82½ 4 83  6 .... 4 80½ 4 83 7 . .. 4 80½ 4 83 4 80½l 83 10... 4 80 4 82½ 11.. . 4 80½ 4 83½ 12 . • . 4 80½ 4 84 18 .... 4 80½ 4 84 14 .... 4 81½ 4 84½ 15 .... 4 81½ 4 84½ s. 16 . . 17 .... 4 81s 4 84½ 18.... 4 81 4 84½ 19.... 4 81 4 84½ 20 .. 4 82 4 85 21 . 4 82 4 85 22 .... 4 81½ 4 84¼ s. 23 . . 24 .... 4 80~ 4 83½ 25 . 4 81 4 84~  L:  ~ ::: 1if  ! t½  28 . .. 4 82 4 85 29 .... 4 82 4 85 S. 80 . . . 31. ... 4 82½ 4 85½  4 86  !~ 4 86 s. 4 83 4 86  !4 rs83 !4 e6t  4 86 4 86 8. 4 83½ 4 86½ 4 84 4 87 4 84 4 87 4 84 4 87 4 84 4 87 4 85 4 87  4 83 4 83  4 84  s.  4 86½  Holiday.  4 83½ 4 86 4 83 4 85½ 4 81 4 83~ 82 4 80 ,~ 4 79 4 81½ ..  fJ~~- !~½!~~ ! ~  !gI½   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  4.85 4.85 4.85 4.85 4.85  4.  4.88 4.88 4.88 4.88 s. 4.85 4.88 4.85¼4.88½ 4.85~ 4.88~ 4.85 4.88 _ 4.85~4.88½ 4.85 4.883,-.; s. 4.85¼4.8'l~ 4.85~4.88 _ 4.85 4.88½ 4.85¾4.89 4.85½ •.l.89 4.85½ 4.89 s. 4.8;5¾4.89 4.86 4.89 4.86 4.89 4.86 4.89  t~t~~ s. 4.86 4.86 4.86 4.86 4.86 4.86  4.89 4.89 4.89 4.89 4.89 4.89  s.  4.85,½4.88½ 4.85½4.88½ 4.85½4-~ 1:~½i88 4.85 4.88  s.  4.88 4.88 4.88 4.88 4.87½ 4.87½ s. G'd Friday. 4.85 4.88 4.86 4.89 4.85,½4.88¼ 4. 6 4.89 s. 4.85,¼4.88½ 4.86 4.89 4.85½4.88½ 4.86 4.89 4.85½4.88½ ...... . 4.85 4. 5 4.85 4.85 4.85 4.85  .....  4.86 4.85  4.89 4.83  4.86 4.85  May.  i?J· s.~itt,  4.85,½4.88½ 4.85½ 4.88½ 4.86 4.89 4.86 4.89 4.86 4.89 4.86 4.89 s. 4.86 4.89 4.86½, 4.89½ 4.86½ 4.89½ 4. 6½4.89g 4.86~4.89 4.86 4.89 s. 4.86½4.89½ 4.86,½4.89½ 4.86½ 4. 9ij 4.86,½4.89 4.86½4.89~ 4.86,½4.89 s. 4.87 4.90 4.87 4.90 4.87 4.90 4.87 4.90 4.87 4.90 ~ 4.87 4.90 s.  Holiday.  June. f's~· ~-i~t. 4.90 4.90 4.90 4.90 s. 4.87 4.90 4.87 4.90 4.87 4.90 4.87 4.90 4.87 4.90 4.87 4.90 s. 4.86½ 4.89½ 4.86½ 4.89~ 4.86½ 4.89 4.86,½ 4.89  4.87 4.87 4.87 4.87  July.  ~i~~ ~?4· 4.85 4.87~ 4.85  4.87 s.  Holiday.  4.87~ 4.87 4.87½ 4.87½ 4.87½ s. 4.84 4.86½ 4.84 4.86½ 4.84 4.86½ 4.84 4.86,½ 4.83½ 4.86 4.83,½ 4.86 s. . t~t~g 4,83½4.85½ 4.83,½4.85}1. s. 4.83 4.85 4.86,½4.89 4.83 4.85 4.86½ 4.89 4.83 4.85 4,86~4.89 4.811 4.89 4.83 4.85 s. 4.86 4.88~ 4,86 4.88 4.83 4.85 4.83 4.85 s. 4.83 4.85 4,85,¼4.88 4.85 4.81½ 4.83 4.85 4.85 4.87½ 4.88 4.85 4.83 4.85 4.85 4.85 4.85 4.85 4.85  ······ ......  4.89 4.87 4.90 4.87 4.87½ 4.85¾4.88½ 4.85  4.85 4.90 4.87½ 4.83  August.  Septemb'r.  60 d. Sight. 60 d. Sight. 4.82 4.84 s. 4.83 4.85 4.82 4.84 4.82 4.84 4.83 4.85 4.83 4.85 4.82 4.84 4.83 4.85 s. 4.82 4.84 4.88 4.85 4.82 4.84 4.83 4.85 4.82 4.84½ s. 4.82 4.84½ 4.83 4.85 4.82 4.84½ 4.83 4.85 4.82,½4.84½ 4.82 4,84½ s. 4.82,½4.= 4.82 4.84½ 4.~4. 4.84¼ 4.82 4,84½ 4. 4.82 8. 4.~ 4.82,½4.84½ 4.82 7. 4.82¼4.84¼ 4.82 4. 4.82½4.84½ 4.82 4.84¼ s. 4.82½4.= 4.82:}94. 4.82 4.84½ 4.82¼ 4.84½ 4.82 4.84¼ 4.82 4.84½ s. 4.82½4.84½ 4.82 4.84½ 4.82,½4.84½ 4.82 4.~ 4.82 4.84 4.82 4.84 4.82 4.84 s. 4.82 4.84 4.82 4.84½ 4.82 4.84 4.82 4.84½ 4.81½4.84 s. 4.82 4.84 4.81½4.84 . ..... ...... 4.82 4.84  4.87½ 4.83 4.85 4.82  4.85 4 .84  November. December. October. 60 d. Sight, f's1¾~i-~t, ~?s~· s1_~ 4.'79¼4.~ 4.81,½4.84 Holiday. 4.80 4.  s. 4.81~4.84 4.81 4.84 4.81½ 4.84 4.81½ 4.84 4.81½4.8-! 4.81,½4.84 8. 4.81,½4.84 4.82 4.84½ 4.82 4.84,½ 4.82½ 4.85 4.82,½4.85 4,82½4.85 s. 4.82 4.~ 4.82 4.84 4.82 4.84¼ 4.82 4.84¼ 4.132½4.85 4.82,½4.85 s. 4.82 4.84½ 4.82,½4.85 4.82½4.85 4.02 4 ·!'!1M 4.82 4.~ 4.82 4.  s.  4.82 4.84½ 4.82,½4.85 4.81>1i4,84 4.81¾4,84  4.84¼ 4.84 4.84 4.84 s. 4.8131;4.83½ 4.81½4.83¼ 4.81M 4.83½ 4.81½4.83½ 4.8131;4.83½ 4.81½ 4.83½ s. 4.82 4.82 4.82 4.8.2  4.80 4.80  4.8~ 4.8  s.  4.80 4.8~ 4.79½4.82 4.79,½4.82  4.~4.8!S 4.79 4.8 4.79½ 4.82  s.  4.79 4.82 4.79 4.82 4.79 4.82 U½~t~ 4.79 4.82 4.81 4.83 4.79~4.82¼ 4.81 4.83 4.79 4.82¼ 4.81½4.83½ s. 4.81½4.83½ 480 4.83 s. 4.80 4.83 4.81½4.83½ 4.80 4.83 4.81 4.83 4.80,½4.~ 4.81 4.83 4.80)ia4.83¼  Holiday.  Hoi~ay.  ...... ......  4.80½4.~ 4.81 4.84 4.81 4.84 4.81½4.~ 4.81¼4.  4.83 4.83 s. 4.80½4.82½ 4.79½,4.81½  4.81 4.81  4.82 4.~ 4.81¼4-~ 4. 79¼ 4.81:½i 4.79 4.81  1881. March.  ~OJ¾~~t. 4 80½ 4 83  !~~~  June. May. April. 8 ~~t. 60 d. fight. ~OJ. ~~t.  ~o i-  4 81~ 4 84  481i484 4 83½ 4 81½ 4 84 4 81½ 4 84 8. 4 81½ 4 84 4 81½ 4 84  a½ 4 81  H~ ! t~  4 84  4 86  Ht½!~~½  4 87 4 87 4 87 8 4 85 ,i 87 4 85½ 4 87½ 4 85½ 4 87½ 4 86 4 88 4 86½ 4 88½ 4 86½ 4 88½  4 85 4 85 4 85  ! ~½½!rs½ s. 4 80 4 82½ 4 80 4 82½ 4 82 4 84½ 4 80 4 82½ 4 82 4 84½ 4 82 4 84½ s. 4 80½ 4 83 4 82 4 84½ S. 4 81½ 4 84 G'd li'rid:i.y. 4 81 ·4 88½ 4 82 4 84½ 4 86¼ 4 88½ 4 86 4 88 s. 4 81 4 88½ 4 88 86 4 • 84½ 4 82 4 84 4 4 81½ 4 81½ 4 84 4 82 4 84½ 4 86 4 88 4 82 4 84½ 4 84½ 4 86¼ s. 4 81 4 83½ 4 82 4 8-1½ 4 84½ 4 86½ S. 4 80½ 4 83 4 82½ 4 85 4 84 4 86 4 80½ 4 83 4 82½ 4 85 4 85 4 87 S. 4 80½ 4 83 4 80½ 4 83 4 83 4 85½ 4 85 4 87 83 4 80 ! ~ a~~ ½s~ 4 81 4 S.'l½ 4 83½ 4 86 4 84 4 86 s. 4 81 4 83½ 4 84 4 86 Holiday. 4 81 4. 83½ 4 84 4 86 4 81 4 88½ . .. .. .. . . .. 4 84 4 86  l ~g  f ~½lt½  at½!~  ai  4 84  4 86  rs1¾~i~~ r~- ~fi~t. ioJ½~i~t ~o8i¾~~t. ~081~~i~~ r f July.  August.  Septemb'r.  4 85  4 80½ 4 84 84 480 ½s~ 4 80½ 4 84½ 4 80½ 4 84½ 4 81 4 84½  4 84½ 4 86½ 4 83  Holrday. !~~ !~ H!~Hg~ 4 84½ 4 86½ 4 83 4 85 8.  4 84½ 4 86½ 4 84½ 4 86½ 4 84½ 4 86½ s. 4 84½ 4 86½ 4 84½ 4 86½ 4 84½ 4 86½ 4 84¼ 4 86ij 4 84½ 4 86½ 4 84½ 4 86 4 84½ 4 86½ 4 84½ 4 86 s. 4 84½ 4 86½ 4 84½ 4 dB½ 4 84½ 4 86½ 4 84½ 4 86½ s. 4 84½ 4 86½ 4 8! 4 86 4 84½ 4 86¼ 4 83½ 4 85½ 4 84½ 4 86½ 4 83½ 4 85½ 4 84½ 4 86½ 4 83½ 4 85½ s. 4 84½ 4 86½ 4. 8-!½ 4 86½ 4 83~ 4 85~  l~½!~½ ! ~  t H½ t~  l gg~s.l ~ l ~½ 85½  4 Sil4 86½ a~~ 4 84½ 4 86½ 4 83½ 4 4 84½ 4 86½ 4 83½ 4 4 84½ 4 86½ 4 83½ 4 s. . .. .. • . . . .. .  8.  85½ 4 80½ 4 84 85½ 4 80,!,i, 4 84 4 80½ 4. 84  HJ !t~l~~ i~½!~  November. December. 8 ~\~t.  4 81½ 4 85½ 4 81 481  H&½!t½ n½  79½ 4 88½ 79½ 4 83½ 79½ 4 88½ 79 83 \~ ½ ! ! ~ ! 4 83 4 85 4 81 4 84½ 4 79½ 4 83½ 4 79½ 4 83S 8. 4 83 4 85 4 83 4 85 4 81 4 84s 4 79½ 4 88 4 83 4 85 4 81 4 84 4 79½ 4 88 4 81 4 84 4 80 4 84 s. 4 81 4 84½ 4 80 4 84 4. 83 4 85 s. 4 82¼ 4 84½ 4 81½ 4 85 4 821-2 4 84½ 4 81½ 4 85 4 80 4 84 4 80½ 4 84½ S. 4 82 4 84¼ 4 82 4 84½ 4 81½ 4 85 4 80½ 4 84½ 4 82 4 84½ 4 81½ 4 85 4 80½ 4 84½ 4 81½ 4 85 4 80½ 4 84½ s. 4 82 4 84½ 4 81½ 4 85 4 80½ 4 84½ 8. 4 82 4 84¼ 4 81½ 4 85 4 81¼ S4 4 81½ 4 85 4 81 4 85 4 81½ 4 85½ 8. 4 81 ,1, 84  4 84¼ 4 86½ 4 84½ 4 86½ 4 83 4 85 s. 4 85 4 87 4 84½ 4 86½  ~½ ! ~i½ ! t~ ! ~~ !-1 84½ s. 4 86½  Octobel'.  4 4 4 4  4 81  4 81 0  !~ 4 85  s. 4 85  4 81 4 81  u1,~ !4 ~½ 81  41\ 4 81 4 85 4 81J.9 4 85 4 81½ 4 85 8. 4 81½ 4 85 4 81½ 4 85 4 81¼ 4 85 4 81½ 4 85 4 81½ 4 85 4 81½ 4 85 s. 4 81¼ 4 85 4 80½ 4 84½ 4 80½ 4 84½  4 85  l 85 4 81 4 85  4 85 4 85  ! ~ 4 85  s.  ui~½ ~½~ ! ~~ 4 4 81 4 84½ 4 82 4 86 81 4 84½ 4 82 4 86 S. ~0½ 4 84 4 82 4 86  4 85 4 85 4 85 4 85 4 85 4 85 8. 4 81 4 85 4 81 4 85 4 81 4 85 4 81 4 85 4 80¼ 4 84½ HolidH_y. 4 80½ 4 84½ 8. 4 80½ 4 84½ 4 80 84 011 0 ½ 4~ 4 81 4 85 4 80 4 84 4 81 4 85 4 80½ 4 84½ 4 81 4 85 4 81 4 85 .. .. . . .. .. .. 4 81 4 85  l~~!~ !~~  l~~i~~  fi  0  l  i~1  7\il  4 81 4 81 4 81 4 81 4 81 4 81  i li  !~ l~  rw.,:11 NV E ST MEN TS AND SPECULATION . INTEREST  AND  INCOME  TABLES.  In pm·ehaaing seenrities for investment, the important points considered are the following: first, that t principal and interest shall be secure beyond question; second, that the profit, or annual rate of intere reali,;ed on the outlay, should be satisfactory; third, that the securities purchased should be readily salable; a fourth, with partie3 engaged in active business, that the securities should be available to pledge as collateral f loans, in oase it should be desired so to use them. ,The groat bulk of investments in stocks and bonds is divided among (I) U.S. Government bonds; (2) Stat oity and oounty bonds; (3) bonds or stocks of corporations; (4) bonds an·d mortgages on real estate. .As a general classification of these several · forms of investment, the most obvious one· is that which divid them into two sorts: first, those dependin,g on the character, standing, and permanent solvency of the party issuin tlle obligation; second, those having a lien on specified pieces of property, and dependent mainly on the value such property ior their security. In the first class belong U. S. Government bonds, State bonds, City hon Coun.ty and Town bon<ls, and the stocks or plain bonds of corporations. In the latter class belong the mortga bonds of railroads or other companies, and real estate bonds and mortgages. This distinction is mainly importa in presenting to the investor the option of trusting in the integrity and probable permanent stability of th government or corporation issuing a stock or bond; or, on the other hand, of trusting in the permanent value o a specified pieee of property, in a certain location, on which his bond is secured. I TEREST AND INVESTMENT TABLES. The tables following show (in the "Compound Interest Table") the accumulation of principal and interes~ on one dollar various rates per annum from 1 to IO per cent, interest being compounded semi-annually, and (in the "Tables for Investors' the rate per cent per annum realized on securities purchased at various prices, from 10 to 300. Thus, by use of the tables, it seen at a glance that a 7 per cent $1,000 bond purchased at 86 pays 8·13 per cent a year on its cost. The accumulation of p · cipal a.nd interest is seen to be in five years $1,410·50, in ten years $1,9g9•70, which in this case would be the result of an outla of $860, provided the interest was re-invested semi-annually.  I  COMPOUND INTEREST TABLE. Number of Year11.  $1 '0100 1 ·0201 1 ·0303 l · 0407 1 ·0511 $1'0616 1 ·0723 1 ·0830 1 · 0949 1 · 1059 . ...... . ......... ·.. .. · 1 $.!. ·1170 1 · 1281 1 ·1394 1 · 1508 1 · 1623  L::::::::::::::::::::::::::I  t::.::::::::::::::·:::.:::~I  L::::::::::::::>::>::I  1~: :: .. ::: :::: :: .. :::: ::::: :: : I 11 . ...  ~::::: :::: :::: :::: ::: . :::: :::: ~t:::::::::::: .. :::::::::::: I  !L:::::::::::::::::::::::::: I $fl~i it::::::::::.::::::::::::::: I n~~~ :t:: ::.. :::::::::::::::.:::: I in~:~ IL:::_:::::::::::::::::::::::I  2 per cent.  1 per cent.  nm  I I  $1 ·0201 l '0406 1 ·0615 1 ·082s ~ ·1045 $1' i267 1 1494 1 · 1725 1 · 1961 1 ·22:)1 $1'2<146 l ' 2696 1 ·2952 1 3212 l '3478 $~ ·3748 l ·4025 ! '4307 1 ·4594 1 ·4888 $1 '5187 1 ·5492 1 ·6804 1 · 6121 1 · 6445 $1 '6776 1 · 7113 1 ·7457 1 ·7808 1·8166 $1 '8-J.a0  I I I I I I I  it: .:::: :: :: :::::::::::::::· I $f ~~~~ 5: : ::::::::::::::::::::::::I  !i:::: :::· :::: :::::::: :::: .::: i ~.: :: :::::.:::::::::· .:..·:::I  1 5546  1 "5701  46 . ................ .... ..... · 1 $1 ' 5858 47 . .. ...... ...••••... . .... .... 48 .. •.....•.••.• •..•.• •... ..  i~::::::::::::.::. :. ::::: ::::.  https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  1 "6017 1·0178 1 '63 0 1 ·64r 4  I I  I  J ·9176 1 ·9562 l '!1955 $2 0356 2'0765 2 · 1183 2'1608 2·~043 ,~·1180 2·2938 2 ·3399  I  I  l  2·5338 2·5847 2 ' 6367 2 ' 6897  $1 ' 0302 1 · 0613 1 ·0934 1 ' 1264 1 ·1605  $1'0404 1 0824 l '1261 1 · 1715 1·2188  I 4¼cent.per II -1 I I I I I I I $1'0455 1 · 0930 1 ·1438 1·1948 1·2491  5 per . cent.  $1'0506 1 · 1028 1 1596 1·2184 1 · 2soo  I  !I  I  6 per  cent.  I  $1'06091 1 · 1255 1 1940 1 "26671 1·3439  7 per  :ent. $1 ' 0712 1 · 1475 l ' 2292 1'3168 1·4105  17 3-10 per  I  cent.  I I I I  II I  $1·0743 1 · 1530 l ' 2881 1·3808 1·429s 1  I  I  8 per cent.  I II  I I I I I  $1'08161 1 · 1692 1 ·2646 1'3678 1·-1794  I  .  I  '  c-c---;--:-:,-=-::.,.-----'---,:-=--,....,.-:-"---;::-=--::~-'--~~-,--:---,...,-,,...,..,..,,......:.---,---....,..,,.,,........,,___,..,....-,,. ..,..,._:_---,,-,-,=  1  .  ■ I  I  2 4432  I  i2·5110 2 ·5931 2 ·5715 2. 7522 2'8:!54  , 1  3 2818  I I  3 ·4144 3.5523 3·6958 3 . 8451 4'0005  3 " 9 33  4 · 3977  I $3·9660 I $44·8542 ·5203 4 · 1465 4 ·3351 5 0999 4 . 5324 I 5 . 3581 4·•,387 5 · 6294  5·8913  I  $6·2500 6 · 63(17 , 7 ·0345 7 . 4629 7·9174 1  II  7 ·8781  8·5846  8 ·4391 9·0402 9·6841 10 3738 11 · 1126  10"5143  ' I : •,  •~  : 1::  $3';)!:JUl 3 ·4925 3·59g2 3·7070 11·8191 $3 'H345 4 · 0432 4 ·1555 4·2!J14 4 ·4211  I  • I  I $6'Hl86 I $7'5709 I $1111·9758 ·2883 I $16'8050 II $5'07,16 5·27s5 6·4807 7·9542 19 ·0020 5 ·4929 I 6 ·7756 I 8·3569  I  5 ·7147 5 ·9156  7"0810 7 ·4062  $6'1858 5·4357 6· 6957 fi·9662 7·2477  $7'7430 8 0954 8·4638 8 ·e490 9·2516  I  I  8 · 7800 9·2i45  $9 ' 6915 10·1822 110 ·6967 11 · 2383 11·8072  I  I I  12 · 7051 13'8832 t4 · 7287  I  19·2942 20·5577 22·1290  $15·62571 $28·7052 15·5773 25·3935 17 · 5Bfi8 27·20-i2 18 · 6597 29 ·1397 19°7941 31 ' 2141  I  •  $9·22271 $11 ·3742 9 ·9087 12 ·3024 10·6458 18 ·3062 I 11 4366 14 . 3920 12·2867 15"5664  :' ,,  I r~~i I  t,2·.i83S  cent.  4 per cent.  ·l!J56 I $1 2681 $1 '3004 $1 3448 I $1 '42571 $1' 5110 $1 '5360 I $1-,·60()=2,-:--1---,:-,-:= 1·2317 1·3193 1 ·3643 1·4129 1·5125 1·6186 1·6502 1 · 7307 I $11·2689 I 1'3726 1 ·4264 1·4S45 1 ' 6047 1· 7339 1 ·77211 1'8720 1 3073 1 ·4281 1 ·4913 1 ·5596 I 1 ·7024 1 ·8574 1 ·9047 · 2 · 0247 · 3463 1 ·48Ed 1 · 5592 1 ·(385 1 · 6061 1 ·9897 2 ·0452 t · 1899 I $ 11-3815 M58 j i1·5301 -+-,~=~-;,---:;:-:-1~-9~15:=-:-1-;-1-,::.;20-·:-;13""15:---:-l---:;:$""'2·-::-1-;:-;9s;:;-2-:-l-,*~2:--:·3;:--;:r,s';C'7:---;'"1--,:.;;-,= ; 1 ·7044 2·00~6 2·2833 2·3617 2 ·5619 I 1 ·4295 I $11 · 6082 '· 11 : 45-1' 7227 I 11 : 7674 3082 I 11 : z~~ol I 2. 1564 2. 4459 2 . 5372 2. 7710 = I 22 · 4271 2878 2·6201 2 ·72-08 2 · 9971 ' I 1·5630 1·8111 1·9479 2 ·8068 2·929-1 s·2417 $11 ·'6103 I $1'8843 I $2'03ti5 $2'57491 $3'00671 $3 1461 I $8 ' 50621 6589 2· 1212 2·7317 3 ·2208 3· 3800 3 ·7928 I 1 ·7091 . I 221 ··9604 · 0391\ 2'2240 2· S981 3·4502 3 ·6312 4·1018 . 1 . 7607 1220 I 2 . 3252 3 . 0746 3. 6960 3•9011 I 4. 4365 . 3'2618 3 '95!l2 4·1911 4·7!)85 I 1 '8140 2 '2078 2 ' 4310 $1 ·8686 I $2·21-170 I t,2 · u15 I $2·8196 I $3·4605 I $4·2412 I $4:n026 I $5'1900 I 1·9253 I 2 ·3898 2·6572 2 9624 3·5712 4 ·5433 4·8373 5 · 6136 1' 9835 2·4863 2·•1781 3·1123 3·8948 4·8669 5·1969 6 ' 0716 2 · 0434 2 ·58f,8 I 2 ·1,045 3'~699 4 · 1320 I 5·2136 I 5 "5832 6 ·5670 I 1052 2·6913 3 0367 3 ·4354 4 ·3836 5·5549 5·9992 7 ·1030. I $22··1688 ' I $22 ··8006 I $3'1749 I $3'6094-'-,-$,,....4,-'6,.,. '50.,...,6,......:...l--,-$5-.,,.,98,.,,.27__:,__$..,....6"-44-4l .....:l---,,$.,,..7....,,·68"""2--='6e...,I'---,,-,-::--::-= 2·2344 Q131 3·3193 3·7921 4 ·9338 6 ' 4068 6·9231 8'3094 3·0318 3 ·4703 I 3 ·9941 5 ·2343 I 6 ·8653 7·4377 8·9875 I 22 ·3019 ·_ 3715 3 .· 154 3 3 .·~,·28 2 4·1858 I 5 · 5531 7 -3543 7·9906 I 9 ·1208  1 ·9soo  n~ii  36 ............. .. .... .. ..... · 1 $1 '433-J. 37 ... . . . . . . . . . . . . . . . . . . . . 1 ·4479 38 .... . •····•· ··········· · ·· 1·4623 39 . ... .. . . . ... .... ........ ... l ·4770 m.... ... ..... . . .. . . . .. .. 1 ·4919 $1 '5067 1 · 5218 43 ....................... .... I 1 ·5371  I I  3 per  '.i>  $18·89151124'9224 20 · 2955 ~·9M1 21 8048 29 · 1807 23-4250 31'5348 25 ·1003 34 · 1oso  I I  $27 0369 29·0466 31"2057 33·5253 36 ·0IM  I  I  I  I  $36·8813 39 ·8908 '. 43·14i9 \ 4.11·6666 11()·4716  '  •  ,.  .  .  TABLE FOR INVESTORS. The following table shows the rate per cent of annual income to be realized from stocks or bonds bearing any given rate of yearly dividends or interest, from 1 to 20 per cent, when purchased at various prices from 10 to 300 per cent. This table applies equally well to both stocks and bonds, and has nothing to do with the length of time which a bond has to run to maturity. ~ For example: To ascertain what rate of annual interest will be r ealized on a bond or stock which bears 7 per cent per annum and can be purchased at 92 (i. e. at 92 per cent of its par value, whatever the par may be), find 92 in the column of "purchase price" and follow that line across to the column headed "7 ,t!er cent," which will show the correct figures-in the present instance 7·60 per cent. [Er-tered I\CCordlng to Act of Cong,-e1111, tn the year 18'72, oy  Purchase Price.  11 per 11¼ per 12 per cent. cent. cen t.  ~:::::::::::::::::::::::: 1  66  ~ -········ · ··........... .  14.. ... . . . .. .. ... .. .......  ··· ··· ···  4•54 4·1 6  per II fl¼cent.per II 3cent.  13¼ per . cent.  4 per cent.  per II 4¼cent.per II 5cent.  1'  WtLLIA.l(  5¼ per cent.  ig·eG / ito j ~ 33 / i~.gg 18 ·t8 I 20 ·45 I 22·12 I 25 rn •f\6 18 ·15 20·83 22 91  I }~·so I ~ -aa I ~:: I fg I !i:gg 6 81 I 9 09 11 ·35 13 63 15· 90 6 ·25 s· ::ls 10·41 12 ·50 u ·~  B.  DA1'1'A &  Co., tn the Office of the Librarian of Congress at Washington. 1  per I 6¼ per 17 per I 7 3-10 I 7¼ per II 6ceut. I cent. cent. Ipr cent. I cent.  !g I 21 ·21 j  I  I  2!i  }hi if !I ii:: II  66  29·54 21 ·os  31 ·81 29 ·16  3~· 18 30 ·41  8·33 8· 22 8·12 8 ' 02 7 ·92 7·83 7·73 7 ·64 7·55 7 ·47 7 ·38 7 ·30  8 ' 97  8 ' 75 8 ' 64 8 ·53 8 ·4'3 8 ·00 8'23 8 ' 13 8 ·04 7·94  9 ·,i5 9 ·24 9 12 9 ' (i:i  i per cent.  II 8¼cent.per 19cent. per  I 31·21 34·09  ;-sa a6·a& 33 ·33  I !as :~g ·63 I 40 ·90 35 ·41 37 ·50  ;:gg  !) ·61 9 -49 9 ·37 9 ·25 9 ' 14 9 ·03 8 ·92 8 ' 82 8 "72 8 ·62 8'52 8 ' 42  10 ·25 10 · 12  11 ·53 11 ·39 11·25 11 ·11 10·97 10 ·84 ]0 ·71 10 ·58 10 ' 46 ]0·34 10 · 22 10 11 10  12 · 17 12 ·12 11·87 11 ·72 11 ·58 11 ·45 11 ·30 11 · 17 11 ·04 10·91 10 ·79 10'67 10· 55  '1  I ~ -50  l  19¼ p& cent.  *  4,1· 18 39 ·58  I! 10cent.per II 11sent.per !I 12eennert. II 15cent.per II 20cent.p~r 1'  l II1ii·  1  66  13  45•45 41 ·66  50 45 · ss  12 ·a2 12 ·65 12 ·50 12 ·34 12·19 12 ·04 11·90 11 ' 76  14 ' 10 13 ' 92 13 ·75 1s· se 13'41 13 ·25 13·09 12 ·94 12 ·79 12 ' 64 12 ·50  I :g5054 ·111 /  Ii~g  68 ·18 52· 5a  33 \qgg• 90 90 83 ·aa  .. . ......  ...................... ~. .. .. ······1 ........................  ft.:::·. :::::::::::::::::.  •......... ....... ····1 14 .... ................... 15 .. . . ...... .......... . 16 .. ....... .. ...... . .....  11 .. .......... ··· · ···· .. .. 8$ ........................ '  89 . . . . . ................ \ 90 ...• .... ••••·••• .... . . •   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  1·28 1·26 1·25 1 ·23 1 ·21 1·20 1 ·19 1 · 17 1 ·1~ 1 · 14 1 · 13 l'li  1·11  1 •92  I I  1 ·e9 1·87 l ' 85 1 82 1 ' 86 1 ·7a l '7.6 1 ·74 1·72 1 70 1 ·n8  1 ·66  I I  2 56 2 ·53 2 50 2·4fj 2 ·43 2·40 2·38 2·35 2·32 2 29 2 ·27  3~ 3·15 3· 2  .I  I  a·oe  3·04 3 ·01 2·97 2 9i 2·90 2·8r 2 84 2 80 2·77  I  I  3· 84 3·79 3·75 3·70 3'65 3 ' 61 3· 57 3·52 3'48 H4 3·40 3·37  a·sa  I I I  4 ·4s 4·43 4 ·37 4 ·32 4·26 4·21 4 · 16 4·11 4 ' 06 4·02 3·97 3·93 3'88  I  I  u· 12 5 ·06 5 4 ·93 4 ·!!7 4'81 4 ·76 4 ·70 4'65 4·59 4·54  I  I  5·76 5'69 5·62 5·55 5·43 5 ·,t2 5 ·35 5 ·29 S·23 5·17 5· 11 5·05 5  I I  5 ·41 5 ·32 5·25 6' 17 6 ' 09 5 ·02 5·95 5 ' 88 s ·81 5 ·74 :i '6.'3  I I  7 ·05 6 ' 96 6 ·87 6 ·70 6'70 6 ' 1J2 6 ' 54 6 ' 47 5·39 6' 32 f1 •:l5  6· 17 ti'll  I I  7 ·69 7 ·59 7·50 7·40 7 ·31 7 ·22 7 · 14 7·0~ 11 ·9~ 6 ·81) 6 ·81 6'74 6"66  I  I  7.21  s·M  I I  s·oo  I  8 ' 79 8 ' 69 8 ·58 a ·48 8·39 8 ' 29 8 · 20 8'11  I  I  s·aa  10  I  I  9 ·57 9 ·75 9 ' 63 9 ·52 9 ·41 9·30 9 ' 19 9 ·0!J 8'98 8·88  I  10 ·89 10·75 10'62 10 ·49 10·35 10·2:1 10 ·11  I  10  I  9 ·~8 9·77 9·65  I  I I  I  I ·49 I 1111 ·aG  11 ' 62  11·23 11·11  I  I  I  15' 38 1s·18 Ui u ·e1 14 ' 63 14·45 H ·28 14 ' 11 13 ·95 13 ·79 13 ' 61 13· 4& 18'83  1~·23 18 ·98 1s ·75 1!!'151 18 ' 29  I rn ·oi  I  I  I  11 ·e5 17 ' 64 17'44 17· 24 17 ·04 16 ' 85 \6"66  25· 64 25 ·81 25 24 ·69 24·39 24 ' 09 23 '80 23 ' 52 23 ·25 22·98 22·72  I~  TABLE FOR INVESTORS-(CoNOLUDEn). [Entered &ecordln~ to Act of Congreea, 1n the year 1872, by Wu.LUX B. D.urA. & co.,  1 per cent.  Purchase Price.  ..:::::::·::::::::::::::::I 93 ..... ................... !t4 ......... . ..............  Wi.. . . .. . . .... .  . . . . . . ..  ~-··· ·········· .. · 1  t'l' .. .. ............ . , . .... !18 . ... . ................... 98 ............ . .... ...... 18() . ...... . .... . ... . . . . . . .  1 . ........... . . . . .  ffi ...... ........ .. ......  1  103 .......................  ~- -······················  105 . .... ... . .... .. .. . .. . ...  ..,:::::::::::::::::::::::: I  188 . .. .. . .. ....... ........ 1'19 ..... . .. .....•.. . .. . ....  no .. .. ..... ..... ... ....... 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I  ~L:::::::::::::::::: :: ::I m::::::::::::::::::::::::I !!l5:::: :::: .:: .::: :::: :: :: .. ;11) . . . . . . . . . . . . . . . . . . . . . . .  I  11,)5 . . . . . . . . . . . . . . . . . . . . .  200 .... . . . ........ . ... . ...  ::g :::::::::: :::::::.:::: 1 225 . .• . •••••••• ······" .•.• 280 .... ...................  140 . ... ....................  21:'10 ........................ fl5 .... ..................  ············ · ........   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  1  ·71 "68 "66 '64 "62 ·BO '58 ·57 -55 ·54 -52 ·51 "50 ·47  I  I I  ·4,5  ·44·43 ·41 ·40 •!WI  ·as  I I  1 ·64 1 · 6a 1 ' 61 1 ·5q 1 · 57 1 ·af:i  1'54 Ui3 1 · 51 1 ·50 1 '48 1 ·47 1 ·45 1 ·44 1 ·42 1 ·41 1 · 40 1 ' 38 1 ·37 1 ·s6 1 ·35 1 ·33 1 ' 32 1 ·31 1 ·30 1 ·29 1 ·2s 1 ·27 1 ' 26 1 · 25 1 ·23 1 ·22 1 ·21 1 ·20 1 · 20 1 15 1 ·11 1·07 1 ·03 1 '96 · 93 ·90  ·ss  ·s5 "'83 ·s1 ·78 ·7(1  ·75 ·71 ·68 · (If!  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I  I  5·49 5 •43 5·37 5 ·31 5 ·26 ;; ·20 0 ·15 5 ·10  I  $){po,  I  cent. 9 ·04 5 ·97 5 ·1n 5 "85 5 ·78 5·72 5 ·57 5 ·11 5 ·55  per II 6cent.  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I 'M j cent. cent. 9  7·gg  8 ·e2  I I  I I  I I  7 ·51 '7'44 7 · 3(6  7 ·29 7 · ,i '1'"14  1·or  T 5 · 93 6 ·86 6 · 79 6"72 &· 66 &·60 6 ·54 6 ·48 5 ·42 &·86 6 ' 30 6·25 6 · 19 6·14 fi•a8 6 "03 5 · 98 5 · 93 5 ·88 5'83 5"78 5·73 5 "69 5"65 5· 60 5·3g 5·1s 5 4 ·s 2 4·66  I I I  I I I I  I I I "' I I I I  4 ·37 4 ·24 4·11 4 3·ss 3 · 78 2'68 3"58 3·50 11 ·33 s·1s s·11 3·04 1·91 2·eo  2·M  2·33  8 ·24 8 ·15  1·ts  7·H  I  ~  th• Ol!.ee of the Llbrartan of ConirreM at WMhlngton.]  I I  I I  7 ·84 7·76 7 -~ 7 ·10 7·1.12 ,. .45 7·27 'T·30 'T'22 7·15  1·es  7·tU 6 ·§5 6 SB 6 '82 5 ·75 6 ' 6;) 6 · 63 6"57 6 "51 6·4(1 6 · 40 6 "34 6"29 6 · 23 6 · 18 6·13 6 · 08 6'03 5 ·9s 5 · 93 5 ·88 5·so 5 · 51 5 · 33 5·21 5 · 03 4·86 4·70 4·56  4·42 4·29 4·17 4 · 05 3·94 3 ·84 3·79 3·65 3·47 3 ·31 3 · 24 3·17 3·04 2·9t 2·05 2·40  I I I I I I l  I I  I  I  I  s·oo  7 "i7 1 ·st 1 ·s1 7 ·7a 7'i5 7 ·17 7 iO 7 ·4.2 7 ·35 7·i8 7 ·21 7 ·14  7'il7  'I' 6 "94 G·ss s ·s1 5 ·75 6 "69 6"68 6 ·57 6 "52 6 ' 46 6'41 5 · 35 6·30 6·25 0 · 19 6 ·14 6 · 09 6'04 6 5· 75 5·55 5 ·35 5 ·17 5 4 ·83 4·68 4·54 4·41 4 · 28 4·16  I  I I  I I  I  I I I  I  I  I  4·0li  I  3 · 94 3·84 3 ·75 3·57 3 ·40 3 ·aa S j6  I I  I s·a I I I 3 !·7~ 2·50  8·'79 &·69 5·1.0 8·51 8 ·42 s · 3a 8 ·:H 8 "16 Q· QS  8 7 ·92 7 ·84 7 -75 7 61 'T·tU 7 ·54 1·47 7·49 7 ·33 7 ·27 7 ·20 7 "14 7 ·07 7 ·01 5 ·95 6 "89 6 ·83 5 · 77 5 ·72 6·66 6"61 6 ·55 6·50 6 ' 45 6 "40 5 ·15 5·92 5 ·71 5 · 51 5-33 5 · 15 5 4·8•i 4 ·70 4·57 4 -44 4 ·32 4 ·21 ,·10 4 3·so 3 "!13 s·55 8"47 3 '88 s ·20 2·90 2 "66  I I  I I I I  I l  I  I I  I  I  I I I  I  9·34 9 ·23 §·la 9 'i4 s ·t4 8 ·as s · 71 S•iT 8·511 s·so s·4,1 s · a3 8 ' 25 8 ·17 s·19 i 01 7 ·g4 7 ·87 7·79 7 ·72 7·55 7 "58 7·52 'l' 45 7 ·39 7 ·32 7 ·25 7 ·20 7·14 7 "08 7·02 6 · 96 6·91 6 ·85 6·80 6·53 6 ·29 6·07 5·86 5·66 5·48 5·31 5"15 5 4·85 4·72 4-59 4 •47 4-35 4-25 4 ·04 s·s6 3·77 s · 69  3 ·54 3·4-0 3·09  2·83  I  10 per 1 •M po, cant. j ce».t.  9 "89 t •7i 9 17 9 ·17  I ,.,. I t ·a1  I  l  I  I  l  I  I I I I  I I I I  t ·27 9 · 1s !) · 99 9  a ·91 s ·s2 8 ·78  S·i5 s·57 s ·49 8"41 g- ~3 8 "25 s·1s s ·10 s · o3 7 ·96 7 "89 7 "82 7·75 7·59 7 ·62 7 ·56 7 · 50 7 ·43 7 · 37 7·31 7·25 7·20 6 ·92 6 "66 6 ·42 6·20 6 5·so 5·62 5·45 5·29 5·14 5 4·86 4·73 4 ·61 4·50 4 ·28 4·09 4  s·91 8"75 3·50 3 ·27 3  I  I  10 ·44 10·32 10 ·21 11 · 10 11 s ·so 9 ·79 9 ' 69 9 ·59 9 ·50  10·98 10 ·116 10 ·75 10 '83  I  I I I  I I  I I I I I  I  ~-so  3·45 3 · 16  I  I 10 ·u l I I 1Q ·4t 10 ·39 10 · 20  I lt,9· 90  10 ·10  I • '° I 9 ' 31 . 9 ·22 9 · 13 9 ·04 8' 96 8·87 8"79 8 ' 71 8 ' 63 8 "55 8 "48 8 "40 8·33 8 · 26 8·18 s·11 8'05 7 ·98 7·31 7 ·85 7"78 7 ·72 7 ·66 7 · 60 7 ·30 7 ·03 6'78 6·55 6'33 6·12 5 •93 5 ·75 5 · 58 5 ·42 5 · 27 5·13 5 4·87 4·75 4·52 4 · 31 4 ·22 4·1s 3·90  I  11 per  I  I  I I I I  I I  I  9 · 20 9 · 70 9 · 51 9 "5i 9·43 9 ·34 g-25 9'1'i' 9 ·t)9 9 8 · 92 8 ·84 8·77 8 · 69 8"61 8 "54 s ·47 8"40 s · 33 8"26 8 · 19 s · rn 8 ' 06 8 7'69 7 ·40 7 -14 6 ·89 6 ·66 6 ·45 6'25 6·06 5 ·88 5 ·71 5·55 5·40 5·26 5·13 5 4"76 4 ·54 4-44 4 · 84 4·16  I I  I I  I  4  12·08  11 ·95 11·112  11 ·7· 11 ·1'1' 11·45 11 · a4 11 ·22 11·11 11 10·s9 10 7i 10 ·n 10 ·57 10·47 10 ·37 10 ·~ 10· 1s 10·09 10 9 · 90 9 · s1 9 ·73 9 ·64 9 "56 9·4s 9 ·40 9 ·32 9·24 9 ·16 9 · 09 9 ·01 s · 94  I  I  I I  I a-a., I  s ·so 8 "46 s · 14 7 ·85 7·58 7 ·33 7·09 6·87 6·66 (1·47 6 ·28  6·11 5•94 5 ·7s 5 ' 64  IS·!iO 5·23  15 per  1a·1s }8 ·04 12 ·,o 12 ' '16 12·13 12· 50 12 ·37 12 ·24 1.2 ·1,  16 ·48 rn · 30 16 · 12 15· 95 1fi•7i H1 '72  I I I I  I I I I  I  I I I I I I  I I  I I I  I  is ·aa  5 ·21 5 4·81) 4 ·35  4  cent.  21· 97 21 ·73 21"50 21·21 21 · 05  oo·sa  I l5 ·4o  ll ' 88  11 · 65 11 ·53 ll ' 42 11 ·a2 11 ·21 11 ·11 11 10 90 10 ·s1 10 ·71 10 ' 61 10 ·52 10·43 10 ·34 10·25 10 ·16 1o · os 10 9 ·91 9 ·83 9 ·76 9 · 67 9 · 6o 9 ·23 s ·ss 8·57 8·27 8 7 ·74 7 -50 7·27 7 · 05 6·85 6·(56 fhl.S 6·31 41·15 6 5·71 11·45  20 per  cant.  11 ·•rn  5  4·•t1s 4·78 4 ·58 4·4-0 4 3·66  12 per aent.  Iu I  I s·s1 I  I I iJ·M  cent.  I  I  1a ·80 1:s · 15 15 14 ·85 14 · 70 14 "56 14 42 14 ·28 14· 15 14·01 13 ·ss 13·76 13·63 13·51 13 ·39 13 27 13 ·15 13 ·04 12 ·93 12 83 12·71 12 "60 12·50 12·39 12 ·29 12·19 12 ·09 12 11 · 53 11 ·11 10 ·71 10·34 10 9·67 9·37 · 09 s·s2 8 ·57 8 ·aa  00 ·61 20·40 20·20 20  I  I  I I I  I I  I  I I  I I  8·10  7 ·s9 7 · 69 7 ·50 7·14 f1 ·81 (1·66 f1·52 11 ·25 i 5·45 5  I I  19 ·80 19·60 :i.9·41 19·23 19'04 18'86 18 · 69 18 ·51 18·34 18 ' 18 18· 01" 17'85 17·69 17'54 17 ·39 17'24 17 ·09 16·94 16 ·80 16 ·66 16 ·52 16 ·39 16·26 16 ' 12 16 15·3s' 14 ·81 14'28 13 ·79 13·33 12·90 12·50 12·12 11 ·76 11 · 42 11·11 10·81 10 ·52 10·25 10 9 ·52 9·09 s·ss 8 · 69 5 -33 8 7"27 6·66  ~ ~ ~  ~  C)  ~  ~ ~ vi ~  ~  f/-2  STOCK SPECULATION.  33  STOCK SPECULATION. Specuiative transactions, 8.8 distinguished from regular investment dealings, are those conducted on "margins," and in which the operator does not pay or receive the actual price of the stocks bought or sold, but simply places a sufficient margin in the hands of his broker (usually 10 per cent of the par value) to protect the latter against loss from fluctuations in the price. A part.y who purcha.oes stocks in anticipation of a rise, but pays the actual price t hereot is not, according to the usual acceptation of the term, engaged in speculation. It should be clearly understood that the ultimate responsibility in stock operations is with the customer. He runs the risk of the iailure of his own broker; nor can he hold him responsible for losses occasioned by the fraud or failure of o~hers with whon he had made contracts. The broker stands in the position of au agent acting for his principal. It is, therefore, hardly neceissar). to rP-mark upon the importance of dealing through brokers who have both integrity and pecuniary responsibility. The great central point in stock speculation, about which the whole business revolves, is the fact that on the purchase or sale of the usual amount of 100 shares of stock, representing a par v:~lue of $10,000, eacll fluctuation of 1 per cent from the purchase price occasions a. gain or loss of$ 100, and this if' the same whether the purchase is at a price above or below par. Next comes the question of interest, which is charged on the actual amount that the stock costs, plus the broker's commission. for buying, and is usually at the rate of 6 per cent to customers, though higher rates are charged when the money market is in such a condition that money for carrying stocks commands higher figures. ~·hen money on call is worth more than 6 per cent per annum in the New York market, it is customary with lenders, instead of askrng 8, 9, or 10 per cent, which would bA a direct violation ot the usury laws, to ask a commission (nominally for procuring the loan), which commission has varied in times pa.st from 1-64 of 1 per cent to over 1 p er cent a day. -Subsequent to the que:stion of interest is that of com1w.ssions, which are fixed in speculative transactions at ¼of 1 per cent on the par value of the stock, amounting to $12 50 for buying 100 shares of stock and the same for s~lling, thus making the cost of one "turn'' in stocks just $25. The Stock: Exchange does not allow any transactions to be made by its members for outsiders at ess thau ¼commission. Dividends p aid during the pendency of a contract always go to the nominal owner of the stock. 'fhe hole class of stock operations ordinarily carried on in New York may be classified as follows : 1. Buying for a rise, or going "long" of stocks. 2. Selling for a decline, or going "short" of stocks. 3. Buying or selling as above, but on " options." 4. Buying or selling "privileges," generally &.Down as "puts," "calls" and "spreads." The last-named are not recognized by the New York Stock Exchange. 1. Buying for a rise is by fat• the most ordinary transaction with non-professional speculators. In this case the customer sually deposits $1,000 in his broker's hands as a 10 per cent ' ·margin" qn 100 shares of stock which he orders to be purchased, nd which his broker holds or "carries" for him uuti.1 ordered to sell the same, or until the margin is about exhaustec!. fo the a.tter case, if the customer, on request, fails to put up more margin, the broker is at liberty to sell the stock immediately, and harge him with the lotis, if any. Interest is charged the customer on the purchase price, with buying commission added, usually t 7 per cent, as long as the stocks are l!arried. In case of a tight money market the broker is entitled to charge his customer any dditional price which money actually commands for carrying the stocks. A party carrying stocks for a rise is said to be "long" f the market, or a "bull." ~- Selling for a decline, or going "short" of stock:s (being a "bear''), is also a very common transaction, and is simply the pposite of buying, as above, except that the seller, not having the stock, is obliged to borrow it for present delivery, and take the risk of buying it back at a fu ture day, to return to the lender. Acide from the ordinary fluctuations of the market, the chief risk ·n thus " t:ielling short" is in the chance of a "corner" in the stock in CJ.Se a clique get control of it and force prices up to xtraordinary figuies. This is a rare operation, but has at times been effected in the ~ew York market with disastrous consequences to those who were "short" of the cornered stocks. As a general rule, nothing is paid for the use of the stock; but in case it is scarce, a consideration has to be paid for the use from day to day. Margins and commissions are the same as above. 3. Buying or selling on "options" is a transaction in which the purchaser or seller, as tlie agreement may be, has the option to 11 for or tender the stock at the price named, at any time within the period limited by the contract; but the Stock Exchange doea not recognize contracts running over 60 days. Thus a party anticipating a rise i!i. stocks purchases 100 shares, "buyer 30," or on his option to call for the delivery of the stock at any time within 30 days, at the price named; this price is usually eomewhat bove the current price at thH time. If a decline in stocks is expected, tt sale is similarly made "seller 30," or at seller's optio'i:1 t-0 eliver at any time within 30 days at the price named, and the price is usually more or lesB below the market at the time. In urchases on buyer's option (for uny time over three days) the buyer is charged with interest on the price of the stock up to the time e calls for it. In sales at seller's option the Reller is credited with interest on the price of the stock till he chooses to tender it. nterest in either case is at 6 per cent, according to a rule of the Stock Exchange; and at the end of the optional period the seller is bliged to deliver, and the buyer to receive, the stock, if the contract has not previoui,ly been closed. Margins and commissions are the same as above. 4. Stock privileges, or "Puts," "Calls," and " Spreads" or " Straddles," as they are commonly called, are contracts entitling • the holder to rtceive or deliver certain stocks at any time within a period limited (usually 30 or 60 days) and at a price therein specified; in the case of" spreads" the privilege is either to receive or deliver. A certain cash price is paid for the contract by the purchaser, and his entire liability in the transaction is limited to that amount; and, as the question of interest does not enter into the matter. the uncertainties of the money market need not be taken into consideration. The amount paid for a 100 share privilege is generally $100 for 30 d ays, and $150 to $200 for 60 days, and for double privileg~•s a larger amount. The variance from the current arket price at which privileges on different stocks are sold vai-ies widely, according to the character of the stock named and the condition of the market at th e time. A "Put" entitles the holder to put or deliver stock to the signer thereof, within the time and at the price therein namea, and he contract reads substantially as follows: Naw YORK, - - - , 1S-. F oR VA.LUE RE CE IVED, the bearer may deliver me One Hundrrd ShAres of the stock of the - - Railroad Compmy, at the price of per cent, any time in thirty days from date. 'l'he undersigned is entitled to al: dividends declared during the time. (Signed)  A "Call" entitles the holder thereof to call for or demand stock from the signer thereof, according to the tet·ms specified, and eads about as follows: NEW YORK, - - - , 18-.  FoR VA.LUE RECEIVED, the bearer may call on me for One Hundred Shares of the Stock of the - - - Railroad Company, at the price of per cent, y time in thirty days from date. The b earer is entitled to all dividends declared during the time. --- --(Signed)  A "Spread" is a doubl e privilege, and entitles the holder either to deliver to, or demand from, the signer thereof, the stocks a.med in it, according to the terms of the agreeml:' nt. If the prices named in both cases are the same, then it ja known as a "Straddle." The contract r eads substantially as follows; NEW YORK, - - - , 18-. FoR Y ALUE RECEIVED, the benrer may call on the undersigned for One Pfund.red Shares of the Stock of the - - Company, at - per cent. any time in irty days from date. OR THE BEARER MAY put or deliver the same stock to the undersigned, at - per cent, any time within the period named. All dividends declared during e time are to go with the Stock. in Lither cabe . .l!.xpires - - -, 18--. (Signed) - - --.  To the purchaser  c-f  "Puts," "Calls," or "Spreads" there ii no liability to loss beyond the am-,unt paid in ca13h for the contra.et.   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  UNIT ED STAT ES SECU RITI ES. 1881, INCLUSIV E.  PRICES FROM 1860 TO  speaking, hardly The debt of the United States Governmen t prior to the war of the rebellion was, comparativ ely direct faxation any to ed unaccustom were people the and more than nominal. A governmen t debt was unpopular, and from that 7, $64,842,28 only was g outstandin debt of amount except for State and local purposes. In 1860 the ,173 on $2,773,236 reached it until purposes, war for notes Treasury and point it steadily rose with the issue of bonds was a there thence From year. fiscal any of close the at amount the 30th of June, 1866, which was the maximum serious the 1873-4 year fiscal the in although 'ear, every in g outstandin debt steady decline in the net amount of the notes which had been financial ~risis which began in September, 1873, and the subsequent re-issue of legal-tende r . $4,730,472 only decrease the made before, years some withdrawn from circulation 1st (,f Jp,nuary The following is a statement of outstandin g principal of the public debt of the United States on the inclusive. 1844, since of each year from 1791 to 1843, inclusive, and on the 1st of July, at the close of each fiscal year of coin balance the less In the year 1870, and subsequently, the totals given are the net amount of debt and interest, method This year. ea~h in and currency in the Treasury, as reported in the public debt statement on the 30th of June and year, to year from debt public has been adopted as showing most clearly the actual increase or decrease in the the in included not are Railroads Pacific will generally be considered the most satisfactory. Bonds issued to the the in security holds nt Governme thewhich for statement, as these are assumed to be a conditional indebtedne ss, shape of second mortgage liens on the several roads: Year.  Year.  Amount.  1791. .. $75,463,476 17!l2 .. . 77,227,924 1793 .. . 81),352,63-i 179-t .. . 78,4 7,40-l 80,74 7,587 179'> .. . 1796 .. . 83,762,172 17-17 .. . 82,06-l,47!) 1798 .. . 79,228,529 1799 .. . 7~,408,IJ69 82,976, '2 44 18JO· .. 180l... 83,03-1,05 ') 8D.712,fB2 18 ! . . . 1803 .. . 77,0:'i4,686 181.l .. . 86,427,120 180"'> .. . 82,3 t '.~. 1!'lO 1806 . . . 75.723.270  18lJ7 ... 1-lO~... 1809.. . 1810... 1811... 1812.. . B t3... 1814... 1815 .. . 1-n6 ... li,17 ... 1818 .. . 1819 . . 1820 . .. 1821... 182·L .  Amount.  ----$69,2U:!,390 6 .'i.196,317 57,023,192 53,173 ,217 48,00:'i,587 45,2ol9,737 55,962,827 81,447,8-16 99,803,860 127,::rn l,933 123,4!ll,96.'i 103,466,633 95,:'>29,648 91,015,506 89,987,-127 93,546,676  I Year.  Year.  Amount.  Year.  Amount.  Year.  1839 .. . 18!0 .. . 18U .. . 1812 .. . 1843 .. . 1844 .. . 1845 .. . 1840 .. . 18 l7 .. . 1848 .. . 1819 .. . 1850 .. . 1%1. .. 18fi2 . . . 18-'53 . . . 18-'>4 . . .  $3,573,343 5,2:'i0,87-'> 13,59-1,480 20,60l,22 6 32,742,922 23,-161,6:"> 2 15,92 -5 ,303 18,550,202 38,820,53-l 47,044,~62 63,061,838 03,4-5 2,773 68,3!14,796 66,199,3U 59,803,117 42,2 t2,2"22  1~56 .. . 1857 .. . 1858 .. . 1859 . 1860 ... 1861... 1862 .. . 1863 .. . 1864 .. . 186i'> .. . 186fi .. . 1867 . . . 181,8 .. . 1869 .. . 1870 .. .  31,!}72,:'i37 28,699,831 44,911,881 58,4ll 8,837 64,842,287 90,580,R73 52-l, 176,412 1,119,772,13 8 1,815,784,37 0 2,68 0,1147,869 2,773,236,17 3 2,678,126,10 3 2,oll,687,85 1 2,588,452,21 3 2,386,3:'i'l,59 9  1'372 .. 1873 . . 1874 .. 1875 .. 11:!76 . . 1877 . . 1878 . . 187!} .. 1880 . . 1881 ••  UNITED RTATES DEBT STATEME NT, The following- is the official statement of the public debt· as j t appears from the books and Treasurer's returns at the close of businAss on thP last. day of December, 1881: INTEREST-B EA.RING DEBT.  ----- ----- -A.moiint Outstanding,  Oha1·acter of Issue.  A utlwrizing .Act.  When Payable.  Registered.  $l0l,827,'.WO $ ........... . ........... . 47,85:'l,700 ......... . 401,503.900 68,514,000 181,4s:16,0 00 547,760,700 191,011,850  4s, ref ctfs . Feb. 26,'79 . . . . . . . . . . . . . . . . . . . 3s,navyp.fd .July 23,'68 . . ... . . ... ... . . .. ..  $l,280,433,5 00 $259.525,850 $57:'1.2n0 14,000,000  F •  $1,"i54,534,6 00 Aggregate of interest-hear ing debt.... .. Cou tinued at 312 pet· cent. On the foregoing issues there is a total of $1,31 ~ ,845 interest. over-due and not yet called for. The total current accrued interest to date is $13,502,532. DEBT ON WHICH INTEREST HAS CEASED SINCE MATURITY. There is a total of over-due debt yet outstanding, which has never been presented for payment, of $L 1,528.265 principal and $71-1.985 interest. Of this interest, $520,137 is on the principal of called bonds, which principal is as follows: 5·20s of 1862, $370,700; do 1864, $58,6n0; do 1865, $77,050; consols of J 865, $.U 1.300; do 1867, $1,103.13fi0: do 1808, $ ·CJ 15,750: 10-40s of 1864, $190,350: funded loan of 1881, $3,558,750; 3's certs., $5,000; 6s of 1861, continued at 312 per cent, $2,763,300. DEBT BEARING NO INTEREST.  Oharacter of Issue.  .Authorizing A.ct.  A.mount.  $59,920 Old demand notes .... .Tuly 17, '61; Feb. 12, '62 ........ .. . Legal-tender notes .. .. Feb. 25, '62; .July 11, 62; Mar. 3,'63 346,681,016 l:1,590,000 . ............. . ........... Certi:ficates of deposit .Tune 8, '72 . ii,188,120 Gold certificates .. .... March 3, 'ti3 .. .............. ........ . 68,675,230 Silver certificates ... . Fel>ruary 28, '78 ... ... ............. . 7 Fractional curr~ncy { J~~~ ~ ,;:~ f<f.r~f4 } $15,451,860 7,075.926 8,375,934 Less amt. est'd lost or destr'yed, act .T'e 21,'79 Aggrep:ate of debt bearing no interest ............... ... $137,270,212 7,256 Unclaimed Pacific Railroad intereRt. · ·- · ... . ..... ... .... ...   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  DECEMBE R 31,  2,191,486,34 3 2, 1-17,818,713 2,143,088,24. 1 2,128,688,72 6 2,099,439,34 1 2,060,158,2\:! 3 2,035,78f'i,83 1 2,027,207,26 5 1,942,172,29 5 1,840,598,81 1  1881.  RECAPITUL ATION.  Amount Outstanding.  Interest.  Tnte1·Pst-bearing debt (as in f01·egoing) - $1,554,534,6 0n 1 t,528,265 Debtrmwhich int.hasceas'd sincemat'rity Debt bearing no in le1·e.~t-  Old demand and legal-tender notes.... Certificates of deposit . . . ............... Gold and silver certificates. ......... ... Fractional currency .. ............ - . -.. -  Coupon.  .Tuly17,'61 June30,'81.T .&J. Mar. 3,'63 June30, '81 .r.&.r. .July 14,'70 May I, '81 Q.--F. .July 14,'70 Sept. 1, '91 Q.-M .July 14,'70 July 1,1907 Q.-.r.  6sof1~81* . 6s of 1881*. 5s of 1881 4¾s of 1891 4s of 1907 ..  Amount.  Amount. - -•1 -------1 1-----1 ------- - - - - - - - - - ------ ---· 1 871 .. $2, 292,030,834. $35,586,956 1855 .. .  1 823 ... $90,875,877 1824... 90,209,777 182:') ... l::13, 788,43'! 1826 ... 81,0,'>4,059 1~27... 73,987,357 1828.. . 67,475,0-!3 182!l... 58,421,413 18:{ 0.. . 48,565,406 1831... 3H, 123, l!l 1 1832... 24,322,2:n 7,001,698 1833... 4,760,0::/2 183-L.. 37.!H3 1835... 3::l6,957 1830 .. . 3,308,l2l lS:1 7... 1838 . . 10,43.i.,22 I  346,740,936 9,590,000 73,86"{,:-{50 7,075,9261  To~::il debt ~earin~ no in~rest...... .. $4.37,270,212 . .............. . 7.256 Unclarmed Paci:fic Railroad mterest . . . . . . . . . . . . . . . . . . . . . $1!5,!536,619 Total....... .. ... . .............. ...... $2,003,333,07 81 Total debt,_ principal aRd interest, to date .............. . $2,0 ~ 8.869.097 2;>3,377 ,9 0 Total cash m Treasury... ............. . . . . . . . . . . . . . . . . . . . . . Debt, less cash in Treasury, .Tan. 1, 1882 ............... . $1,765,4<>1.7 17 CURRENT LIARILITrES-  Interest due and unpaid .............. .............. ..... . Debt or.. which interest ha,s ceased .............. ......... . Interest thereon ....... . ............... ............... ... .. . Gold aud silver certificates .... . ............... ........... . U. S. notes held for redemption of certificates of deposit. Cash balance available .Tan. 1, 1882 .............. ....... .  $1,:nl,845 11,528,265 714,985 73,863,350 9,590,000 156,369.534  Total. ............... ............... ......... ••· --····•·· Cash in the Treasury _............... ...... ... . . ........... .  $253,377,980  AVAfLABLE ASSETS-  BONDS ISSUED TO THE PACIFIC RAILWAY COMPANIES . INTEREST PAYABLE BY THE UNITED STATES.  1  Character of Issue.  Balance of Inte1·est Amount Intere.st paid repaid by inte1·est pa"id by U.S. outstanding. transportat'n by U.S.  Central Pacific .. $25,885,120 $20,::l46,340 5,372,973 6,303,000 Kansas Pacific .. 21,68~,468 Union Paci:fic .... 27,236,512 1,357,808 1,600,000 Ceutral Br., U. P. 1,431,781 1,970,560 Western Pacific .. 1,268,899 1,628,320 Pac. & Sioux City  $3,600,920 $16,097,148 2,74.7,683 2,625,289 8,227,294 13,462,174 1,241,8t9 109,032 1,-122,J.14. 9,367 1,13~,916 135.982  10-1,186 Total. ........ $64,623,512 $51,467,'272 $14,707,886 $36, The Pacific Railroad bonds are all iss.1ed under· the acts of .July 1,s 1862, and .Tnly 2, 1864; they are registered bonds iJ?. the de~omination of $1,000, $5,000 and $l0,000; bear 6 per cent mterest m currency, payable .January 1 and .July 1, and mature 30 years from their date.  UNITED STATES BONDS.  35  PRICES OF UNITED STATES BONDS. In the following tables are shown the monthly highest and lowest prices of United States Governmtnt Securities for the twenty-two years from 1860 to 1881, inclusive. At the beginning of this period, which was just before the war of the rebellion, the total debt of the Government was merely nominal. and the five per cents due in 1874, and having then about fourteen years to run, fluctuated in the year 1860 from 99¾ in January to 104½ in June (before interest payment), and to 89  JANUARY FEBR'RY.  MARCH.  ----  SECURITIES.  I  APR>L  in December, when the political excitement was at fever heat. Then followed the war period till April, 1865 ; thence the peri0d of specula~io:a till September, 1873; thence the period of recuperatfon, till the resumption of specie payments on January 1, 1879, and the subsequent funding of the maturing bonds into new bonds at 4,½, 4 and 3½ per cent. The range in prices of Government bonds during all those years is, in brief, a key to the financial history of the country.  1860. Ju:rrn.  Mu.  JULY.  AUGUST  SEPT'BER. OCTOBER. NOV'BER. DEC'BER.  ------  Low.High Low.High Low.High f,ow. High Low. High Low.High L ow.High Low.Hi11:h Low.High Low.High Low.High Low.High  ---- - - -  U.S. 6s of 1868, coup .. . . 106½-107 106 -107¼ 106½-107¼ 108 -108¼ 108\Js,-109½ 108 -108 108 -109 109 -109¼ 108 -108½ 107¾-107¾ .... - .... 96 - 96 U.S. /is of 1865, coup .... 98 -100 99},fr-100 991/,rlOQ½ 100½-102¼:102 -102% 102%-103 100½-100¾ 101 -102 102 -102 102 -102½ 93 - 98 92 - gs u. s. 5sof18'14, COU}) .. .. 99¼-100½ lOQ¾--100½ 100-¼-101¾ 103 -103¼i103 -103¾ 103¾-104½ 101¾-102 102 -103 102;1~-103¼ 102½-103 95 -103 89 - 95  1861. U. s. 6s of 1868, coup .... U. S. 6s of 1881, coup ... . U.S. 5sof1865, coup .... U.S. 5s of18'11, coup .... U.S. 5sof18'14, coup ....  98 -100  .... - .... 00¼- 92 91 - 93 02 - 97  94 -100 93¼- 93¼ 86 - 91 87½- 91 85 - 93½  95 ~ 95½ 1:15 91 - 94 84½91 89 - 92 - . ... 85 85 - 90 75 -  ....  86 - 93 84¾- 89 85 - 86 78 - 80 75¼- 79  95 94 91¾ 85 89½  88 83 85½75¼75 -  90 85  87 - 90 85¼-90¾ 813¾ 86 - 89 79 77½- 80 78Y 76 - 82  87½- 90 88 87¾- 89¾ 89¼86 85 - 87 .... - ... 79½79¼78¼- 81  .  90 91¾ 87¼ 81 81  90 91¼87¾81½81¼-  90 93¾ 89 85 &s  rn - 92 93½87½82½83 -  95¼ 89 86 80  97 89 86½82~ 79 -  98 93½  88½ 83 8S  1862. U. S. tis of 1868, coup .... U.S. tis of 1881, coup .... U.S. 5&of1865, coup .... U.S. 5sof18'11, coup .... U.S. 5sof18'14, coup .... U.S. 6s, certificates ...... U.S. '1 3-10 notes ........  85 87½85 79¼78 -  90 91¾ 86½ 80 80%  90 - 92 86~479 78½-  ... . - .... .... 97½- 98  94 - 97 97¼-102 92½- 98 97¾-103½ 92 - 92½ 93½- 97 .... - . ... 93 - 96 89¼- 96 86%-90 96¾- 99 99 -100¼ 99¼-101½ 102)4-105¾  92½- 95 92%- 94¾ 90 00¼- 98 80 88 - 88 85 85 - 88 . ... 97 - 97 99¾ 99)4-100  88½- 93  98 -  103½-107¼ 105½-107!4 93 - 99 96½- 97 95¼- 97½ 100¼-100¼ 104¼-106¼  96½-100 96½-103 \JO - 92 86½- 86¾ 85 - 91 98 - 99 99 -105¼  1 96½- 99½ 96½-100 103 -103¼ 98¼-101¾ 99 ~102½ 102 -104¾ 96 - 97 88¾- 90 89 - 91 92½- 93 85 - 91 88 - 91¾ 91 - 94 08¼- 99% 98¼- 99% 98½- 99¾ 102¼-105½ 102¾-104% 103 -103  94-94.194.-95 I  101¼-102 102 -102 103 -104½ 102)4-104¾ 97 - 07 95 - 95 91¾- 92¼ 91½- 93 91½- 92% 97½- 99¾ 94¾- 97¾ 103½-105¾1100½-104¼.  1S63. U.S. 6s of 1881, coup ... 91¾- 99 [ 93¾-102½f100::i-105½ 104¾-106)'1'0'7¼-108¾ 107½-110 1104 -107 1104%-107),{ 106 -10'1 1108¾-110¾ 108¾-110¼ 108½-110 U.S. 5s of 1865, coup ... . . .. - . .. 96 - 99 99;1/,r 99¼ .. .. - .... 104 -106 106 -108½ 104½-105 105 -105 .... - ........ - ... . 117 -125 124 -127 U. S. 5s of 18?'4, coup ... 86 - 90 85½- 97½ 94 - 98¼ 95¼- 98¼ 97 - 98 98¾-100 97 -100 96½-101 98 -100¼ 97 - 97 93¼-100¼ l(JO -100 U.S. 6s, 1:"0ldce1.•tificates 94¾- 97¼ 93¼- 99 98¼-100¼ 99¼-102 101 -102 100¼-101¼ 98½-101¼ 100 -101% 101 -101¾(01%-102½ 98 -102¼ 101¾-102¼ U.S. 6s, cu1.-rent ce1.·ts ... .. .. - .. .. .. .. - .. . . 9GJ4-100½ 98 98 - 98½ 97 - 99¼ 97¼- 99½ 99¼- 99% 99¼- 99% 99 - 99½ 98¼- 09 U.S. '13-lOs, A. & O .. .. 100 -103 101¾-105){ 104J4-107¼ 104½-106 106 -107½ 103½-107¼ 105 -107 105¾-107¾ 106½-107¾1105½-108% 105¾-107% l06>5i-l06J1i 102,g-103 102¼-104){ 102¾-107 U.S. '13-lOs, F. & A .. .. 104 -107 106¾-109 107 -107½ 105½-107½ 105¼-107¼ 105 -106½,106 -108 106 -107¼ 106½-107¼  '9¼198 -.,,.  1864. U.S. 6s of 1881, coup . .. U.S. 5-20s, coupon ...... U.S. 10-40s, coupon ..... U.S. '1'3•10s, A. & 0 .. .. U.S. 1 year certificates.  1  f  104 -107 106¾-111½ 111!4-113¼ 113 -118 101½-104% 10::l¾-107 107 -110½ 105 -114  113 -115 1111 -114 !102 -106¾ 104%--109¾ 106½-109 105½-107¼ 101 -106¾ 101½-109 106½-113 105 -111¾ 103 -103){ ll5 - 99 .... - .... :1i3" ios,.:1i; .. ;oo,.:1i2' 106¾--107¾ 107¾-111 :1 liii2J4:1,;;.;; 107 -112 107 -112 97¾- 98¼ 97¼- 99½ 99¼- 99¾ 97¾- 99¼ 98¼- 98½ 92¾- 98¾ 93 - 96¼ 93¾- 93¼ 93 - 95  ill  I  ,3 i0"  104½-10(3¾,106½-113 112*118 106½-108½1100½-107¼ 106¼-110 92½- 96½ 94 - 99¼ 98,¼-102½ 104 -108¾ 107 -124 116¼-122¾ 96 - 977_4 94½- 95½195 - 98  1866. U.S. 6s of 1881, coup . .. U.S. ::i-20s, coupon ...... U.S. 5-20s, new, coup .. U. S.10-40s, coupon ..... U.S. '1 3-l O note!! .... .. .. U. S. 1 year ce1.•tificates.  109½-112¾ 109½-111½ 106¾-110 108¾-112 106½-110 108 -111 100½-102¾ 100%-102% 114 -119 115 -116½ 96¼- 98 977,..i- 98½  103½-111¼ 105 -110¾ 104¾-111¾ 105\Js,-109¾ 100¾-110¾ 105¾-109¼ 89¾-102¾ 91½- 97¾ 114 -114½ . ... 96½- 98% 98¾- 99½  ....  108¼-110¾ 102¼-107 102½- lOtl 94¼- 979-( 99½- 99¾ 99 - 99}{  I  108¾-110½ 106½-108¾ 106 -107¼ 102 -104!,il03¼-106 105½-106% 103 -104 103%-105¾ 104 -105 94¾- 97¾ 96%- 98 93 - 98¼ 99½- 99% 99½-100 98¼- 99% 99%- 99¾ 97~ 99¾ 97½- 981}.(  107¾-108¼ 105%-108¼ 105 -106¾ 93%- 94½ 98 - 99¾ 98½- 99  106¾--108¼ 101¾-105¼ 101 -103 92½- 94¼ 97 - 99¼ 97¾- 99%  105)4-1013¾ 106¾--108¼ 99}4-103 100 -1053,a 98¾-101¼ 99 -102¼ 89¼- 9~· 90¾-- 95 95¾- 99 96¼- 98% 96)4- 977/4 97¼- 98¾  1866.  u. S. 6s of 1881, coup ... 103}.!-104%1103¾-1~ j104¾-105¼1104¾-108½1107  u. s. 5-20s of 1862 .. ..... u. s. ~-20s of1864 .. .. ...  U.S. 5-20s of1865 ....... U.S. 10-40s.............. .. U.S. 7 3-10 notes, 1st.. . u. s. ,- 3-10 note 8 , 2ll.... u. s. ,- 3-10 notes, 3d... .  -109½1109½-110%1106¾-110 1109½-113¼1110¾-112 [111½-113½1112 -114¾ 109¾-llS¾ 102;14-105 102\Js,-103¾ 103 -10,.1~bcs¼-106¾ 100¾-102~4?01½-104¾ 1l04¼-1087,11l108¼-113-¼l107U-112½ 1111¼-115¾ 107½-110% 105¼-108¼ 1 1 101½-102¾ 102 -103¾ 1027/4-104¼ 103¾-105¾11ol¾-102¾ 102 -103¾ 103¾-106 105½-110 108 -109½ 109¾--111 105¾-107¾ 104¾-107 1 1 1 1 1 1 101½-102¼ 101%-103½ 103 -104¼ 104 -106 ~01,(-102¾,102},fr-103½ 103½-106¼ 106 -109¾ 107¾-109% 109 -111¾,1059,(-109¾ 104¼--l<m4 92¾- 93¾ 93¼- 94%190 - 92¾ 91½- 95½ 94 - 96½ 95-)4'- 97¼ 97},fr- 99 !J9 -103¼ 1 97½-100¼1 99¼-100¼ 99½-l~ 99 -10~ 1 1 93¼- 99¾ 99¼- 99¾ 99½-100¼ 100 -102 100½-102¾ 102 -103¾ 103 -104½ 104 -107¾ 105½-107½ 106 -107 105 -108¾ 104 -10~ 1 1 0-7¾- 99¾ 98¼- 99% 99¾-100½ 99¾-102 01 -102¾ 102 -103¾ 103 -104½!104 - 106¾ 105¼-106~bo5¾--10t5¼ll04 -1063{ 103%-105'( 97¾- 99 1 99 - 99½ 99 -100¼ 1 99¾-102 1Q0¾-102lJ,.bo2 -103¾ 1103 -104½1104 -106¾'105 -106½1105½-106¼ 104 -1~ 104 -105'(  186':. -llOJ<lll0¾-112¼ 110;.-112¼ 110)<-ll2lf, 112 -113¼,111\Js,-ll~ U.S. 6s of 1881, coup .. ·1106¼-108¾1'07¼-110½ 103¾--llO¼ 108¼--1! 0,<lrn)¼--112 !111J,--llll¾l100 1 U.S. ~-20s of'62, coup. 106}4-108 107¾-111¾ 108¼-111 llQ¾--111¾/07 -109¼ 109¾-11( % 1110%-112}.( 111¾-114% 110~-115¼ lll½-113¼ 1077/21-108¾ 107 -108¾ U.S. 5-20s of '64, coup. 1105¼-106 105¾-1G8½ lO'iYs-108 10'T* 109¼ 1105},fr-106 1105¼ -107¾ 107½-109¾1109 -110'.i1, 1087/4-llOJ,~ 108¼-109¾ 105 -105¾ 104½-106 109½-111¼ 109-)8-111½ 108¥,,-110¼ 105¼-106½ 104¾-105% U.S. 5-20s, '65, c.,1U&N 105 -l06!):!i105¾-109.½, 107½\-108¾' l07¼-109% 1105%-l08 l06½-107;hO'T~109% 1 U. S. 5-20s, '65, c., J &J 1103%-104% 104\Js,-106¼ 106½-107¾ 10'7¼-107¼ 107¼-108¾ 108¾-110)< 106)<-lOS,,l107¾-108¾110'1¼-109 1061',-lO'lj< 107¾-108 107½-10~ ... _ ... .... _ ... l .. _ .... 107 -108% 1077/4-108~ 107":)8-109 106!,(i-108 107½-108 107½-109 U.S. ::i-20s of'67', coup .. [.... - .... 1.... - .... U.S. 10-40s, coupon..... 99¼-100 99¾-101¾ 97.½- 98¼ 977/4- 99 99 - 99½ 99),,.-100½ 100½-102¾1 102¼-103¼ 99¼- 99¾ 99~101¼ 100¾-102¾ lOQ¾-104  1  1  1868.  u. s. 6s of 1881, coup ... 108¾-112 110¾-112% 110!,4-111% 110½-113½ 113 - 116 \116¼-118¼ 112¾-115~1ll3¼-116¼ 111S½-114¼\l13 -116¼ 11l!}t;-ll5J.ill14¼-115 U.S. ~-20s, 1862, coup . 1077AH11% 110 -111¾ 109¼-110¾ 109¼-ll.2;½'. 108 -lll¼i111¾-113¾ 112~-114¾ 112¾-115 112½-115¾ ill2¾-115 105¾-113¾ 1097,11-111¾ U.S. 5-20s, 1864, coup. 105¾-109¾ 107¾--109½ 107¾-108% 107¾-110)'.1106:>t;-109¾ 109¾-111¼ ~10 -111% 1108%-111¼ 109¼-110¼ 109½-112¾ 104¾-108¾ll00\Js,-107¾ U.S. 5-20s, 1865, lU&N 106 -110¼ 108½-110¼ 107¾-109 1077,11-111¼ 106%-109¼:110 -111¾ 110¼-112¾i110 -112¼ 1109¾-111% 109¼-112¼ 104,i-108~1107¼--10~ U.S. 5-20s, 1865, J&J. 104½-108¼ 106¼-108¼ 106¼-107:J,~l106¾-109 108¼;-lll'¼ 112\Js,-114¼ 108 -109¼ 107¾--109¼ 1107¼-109¼ 107%-111% 106¼-110¾ 109~-110% u. S. 5-20s, 1867, coup. 104%--108¾ 106¼-108¾,106¼-107½ 106¾-109½ 109¼-112¼1,112* 114¾ 108¼-109¾11106½-109¾1107¾-109¼ 107¾--112 107¼-111¼ 109¾-lll¼ u. s. 5-20s, 1868, coup . .... - ... ... . - .. . . . .. - .. . . .. - . .. . .. . 109¾-110¼ 108¼-109% 107 -109% 1087-£-109½ 108¼-112~ 107":)8-111 110 -111¾ u. s. 10-40s, coupon ..... 101%-104½ 104¾-105¾ 100¼-101% 1100½-103 108 -105% 105;l!-lv7% 106¾-lOS¾jl08 -109% 1104½-105¾ 104¼-106¾ 103 -106¾ 1105 -105%  https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  UNITED STATES SECURITIES. 1S69. 6s (5-20 years) Coupon.  6s of 1881. Coup.  1862.  1864.  1S65.  1865 n.  1867.  1868.  5s. 10-40. Coupon  --- - - -Re~. --------·----111¼ 112¾ 111 112¼  109¼ 111½ 109 111¾  111¾ 113¾ 111¼ 113¾  107¾ 109¾ 107¾ 109½  108¾ 110¾ 10';¾ 110¾  107 108¾ 106¾ 1~1!  107¾ 109 106¼ 108¾  107½ 109,\,<~ 107¾ 109  106 108¾ 105¼ 108¾  Open'g High't Low'st Clos'g.  112¼ 116-)8 112¼ 116¾  111¼ 114½ 111½ 114½  113 118½ 113 118½  104¾ 115¼ 109¼ 115¼  110½  108¾ 113¼ 108¾ 113¼  108¾ 113¼ 108:is 113¼  108¼ 112¼ 108½ 112¾  108½  116¼ 110½ 116¼  Open'g High't Low'st Clos'g.  115¾ 117¼ 115¾ 115¾  115¼ 116½ 114% 115  118 120 117¾ 118  115¾ 115¼ 113¼ 113%  115 118 114¼ 115%  112% 113¾ 112½ 113  113 113¾ 112½ 113  112¾ 114 112¾ 113  110¼  108¼ 110¾ l0ff¼ 106¼  105¼ 105¼  Apr, Open'g High't Low'st Clos'g.  Clos'g.  Ope:i'g High't Low'st Clos'g.  114 117¾ 113¾ 117¾  115¾ 118-}! 115¾ 118¼  115 118 115¼ 118  118 122 117¾ 121%  118% 123¼ 118 122  119 122¼ 118½ 121¼  11'77/4 123¾ 117½ 122¾  113¾ 117½ 113½ 117  115¾ 119¼ 114½ 118%  116½ 120¼ 115¼ 120  116½ 120¼ 115-¼ 120  115¾ 119¾  108¼ 110 107½ 109¾  Open'g High't Low'st Clos'g.  122¾ 122¾ 121 121½  117¼ 117½ 116½ 117  122¾ 122¾ 121¾ 121%  117¼ 117¾ 116¾ 116¼  118¼ 119 117% 118¾  120 120 119. 119½  120 120¼ 119¼ 119½  120¾ 120¼ 118¼ 119¾  100½ 109½ 107¾ 107;1:1  Open'g High't Low'st Clos'g.  115% 119¾ 115¼ 119¼  1127/4 116½ 112¾ 116½  112¼ 11!»1! 112% 116½  113% 116½ 113¾ 116½  105 108¼ 105 108¼  117¼ 123½ 117¼ 123½  118¼ 123)! 118¼ 123½  116½  122¾ 116¼ 122¾  115¾ 122¼ 115¾ 122½  116¼ 122 116 122  108 114% 107¼ 114¾  124¼ 125 121¾ 123¾  124¾ 125 122¾ 123¼  125¾ 125¼ 122% 123¼  123¼ 124 120¼ 122½  123¾ 124¼ 120¾ 122¾  122¾ 122¾ 119),-J 121¾  122¾ 122¼ 119¾ 121%  122½ 122¾ 120½ 120,,,;  116 116¼ 112¼ 115¼  123 123 119 119¼  123¼ 123¼ 119 119  123¼ 123¼ 119¼ 119¼  122¼ 122¼ 118½  121¾ 121¾  118½  122¼ 122½ 118¾ llC:-,i  117¼  121½ 121½ 116% 117¾  120¾ 120¾ 117 117  11~ 112¾ 108¾ 108¼  119¾ 120¼ 119 119¼  119 120 118½ 119¼  120 121 119¼ 119¾  119¾ 119½ 117 117¾  119¾ 120 117 119¾  1177/4 118¾ 115% 116¼  118¼ 118¼ 115¾ 116¾  118¼ l!S;j  109¾ 109¾ 107¾ 107¾  116 116 112¾ 112¾  113¾ 113¾ 110¾ 111  114 114 111 111¾  119 116¼ 113½ 113½  116¼  116¼  116)4 113¾ 113¾  116¼  113¾ 118-¼  108 108 106¼ 107  112¾  110½ 113½ 110½ 112  110¾ 114¼ 110¼ 111¾  113 116¼ 113 115¼  113¾ 116½ 113¼ 115¼  113 116¾ 113 115  106¾ 110¼ 106¾ 109¾  nc:i  Open'g High't Low'st Clos'g.  116¾  116¾  Nov, 116½ 120¼  June. Open'g High't Low'st  121% 125¼ 121¾ 125¼  Oct,  May. Open'g High't Low'st Clos'g.  117¼ 122¼ 117¼ 122¼  Sept.  Mar. Open'g IDgh't Low'st Clos'g.  117¼ 123¾ 116¾ 123¾  Aug,  Feb. Open'g High't Low'st Clos·g.  1868. 1865. 1865 n. 1867. 1864. 1862. Reg. Coup. I__ ---- ------------  5s, 10-40, Coupon  July,  .Jan.  Open 'g High't Low'st Clos'g.  6s (5-20 years) Coupon.  6s of 1881.  119¼ 119¼ 115¾ 115  119¾ 119¾ 115¼ 115¼  115¼ 120¾ 115¼ 118½  112¼  Dec. 116½ 112¼ 114¼  I 116 111% 111¼  18'r0. 6s (5-20 ye~rs) Coupon.  6s, 1881 Coup.  6s (5-20 years) Coupon.  6s, 1881 Coup.  18~0. 6s,CurCoupon rency.  '  5s, 10-40, 6s. CurCoupon rency.  1864. 1865. 1865 n. 1867. 1868. 1862. 1865. 1865 n. 1867. 1864. 1868. - - -- -- - - -- - - -- - - -- - - - - - - -- -- -- -- -- - - - -1862. Jan, July, Open 'g High't Low'st Clos'g.  115§fi  118.½ 115¾ 118¾  113 116 113 11~¾  113½ 116.½ 113.½ 115¾  113¼ 116¼ 112¼ 115.½  111% 114.¼ 111% 114¾  111¾ 114;!4 111¾ 114¼  111¾ 114% 111¾ 114¾  109¾ 113¼ 109¾ 112¼  109¼ 111½ 109¼ 111½  118¼ 118)4 115% 115%  115½; 115¾ 114 114¾  115¼ 115¼ 1137-{ 113!,4  115¼ 115¼ 113.½ 113½  114¼ 114¼ 111¼ 111¼  114 114¾ 112¼ 112¼  114 114¾ 113 113  114 114 111¼ 111¾  111¾ 111% 111¼ 111¼  Open'g High't Low'st Clos'g.  116¼ 113¾ 114¼  114¼ 114¼ 109.½ 110¾  113¾ 113¾ 108)8 109¾  113¼ 113¼ 108¼ 110¾  111¾ 111~! 107¼ 108¾  112¼ 112¼ 108 109¼  112¾ 112¾ 108½ 109¾  108¾ 108~,! 104¾ 106%  111¼ 113¼ 110¾ 112  Open'g Hlgh't Low'st Clos'g.  113% 116¼ 1137,i 116¾  110¾ 115¼ 110¼ 115¼  109¼ 114¼ 100;4 113¼  109¾ 114% 109¾ 114¾  107¾ 113¼ 107¾ 112¼  108¼ 113¾ 108½ 112¼  109¼ 113½ 108¼ 113½  106¾ 108¾ 108¾ 108¾  111% 112¾ 111¼ 112  Open'g High't Low'st Clos'g.  116½  Apr, Open'g High't Low'st Clos'g.  111¼ 111¼ 107¾ 109¼  111¼ 111¼ 108 109½  108% 108% 106¾ 107¼  1137A 114 110¼ 110½  118¼ 114% 113¼ 114¼  110¾ 112¼ 110¼ 112¾  110¼ lllni 109¼ 111¼  110¼ 111% 108¼ 111%  108¼ 110¼ 10&¾ 110¼  108¼ 110}~ 108¾ 110¼  109 110.½ 109 110  106% 110¾ 106% 109  110¾ 112¼ 110¾ 111¾  113¼ 114¾ 113¾ 113%  113 114.½ 112.½ 112¼  111¼ 112 111¼ 111½  112 112)8 111½ 111%  110 110¾ 110 110¼  110¼ 110¼ 110¼ 110¼  110¼ 110¼ 110¼ 110¾  106 107 105% 106¾  112 112 111 111¼  114¼ 114¼ 113½ 113¾  111% 113 111% 112½  111½ 111¼ 111¼ 111¼  112 112¼ 110½ 111½  110½ 110½ 110¼ 110¼  110¾ 11(»~ 110¼ 110¼  110%  106½  110½ 110½ 110¼  106¼  111¼ 111¾ 111 111  118½ 113¾ 113¼ 113¾  109¼ 109¼ 107½ 107¾  107¼ 107"P9 107 107  108¼ 108¼ 106¼ 107¼  110¼  110¼ 109 109¼  110¼ 110¾ 109¼ 109¾  110.½ 110½ 109½ 109¾  106¾ 107  113¼ 113¾ 113 113}£  107¾ 108 107¼ 108  106¼ 107¼ 106¾ 107¾  106¼ lO'T~  109}.{ 110¾ 109¼ 110¾  109¼ 110¾ 109¼ 110¾  109¾ 111 109¾  106¾  108¾  106¼  106¾  Nov. 116¼ 117¾ 116 117¾  111¾ 111½  112¼ 112½ 111¼ 112¾  110% 111¾  June. Open'g High't Low'st Clos'IZ'-  111¼ lll¼ 107¾ 108¾  Oct.  May. Open'g High't Low'st Clos'g .  112 112 108¼ 110  112¼ 112¼  Sept,  Mar, Open'g Hlgh't Low'st Clos'g .  110¾  112 112 108¾ 109¾  115¼ 115¾ 112¾ 113¾  Aug,  Feb. Open'g High't Low'st Clos'g.  Open'g High't Low'st Clos'g.  117¾ 118½ 117¾ 118½  112½  111¼ 111¾ 112¼ I 111 110¾ lllijfj 112  111% 112 110% 111:¾j  .... 111¾ 110¾ 112  114¼ 114¾ 113¼ 114  113¼ 114)4 112¼ 113¼ 113¾ 114)4 112¾ 114¼  ....  I  114¾ 112¼  ....  114¼ 115 113¾ lH¼  108¾ 108¾ :J.07¾ 108½  112¾ 112¼ 112.½ 112¼  Open'g High't Low'st Clos'g.  106¼  106%  111 111½ 110¼ 110¾  Dec. 114 114¾ 113 114¾  108¾ 108¼ 107:jg 108½  113 114¾ 113 113¼  Open'g High't Low'st Clos'g.  106¾ 107}:1  111  106% l0fl¼ 1()6¼  -  110¾ 110¼ 109¾ 110  1sn. 6s (5-20 years) Coupon.  6s, 1881 Coup.  ...__ J an. Open'g High't Low'st Clos'g .  1864. 1865. 1867. 1808. ---- - -1862. ------- ---110¼  113¼ 110¾ 113¼  108¾ 110½ 108½ 110½  108¼ 109¼ 107% 109½  108¼ 109¼ 108 110  Feb, Open'g Hlgh't Low'st  Clos'g. Mar. Open'g Hlgh't Low'st Clos'g.  5s, J0-40, 6s, CurCoupon rency.  ' 18!15n. 107¼ 103% 107 108¾  107"~ 108~ 107¼ 108½  108½ 109}.! 107¼ 109¼  106¼ 109½ 106¼ 109¾  110½ Ill½ 110 111½  Opcn'g High't Low'st Cloo'g.  113¼ 114¾ 113 11~  110¾ 112;l,! 110)8 112¼  110¼ 111¼ 110 111¾  110¼ 112)4 110 112¼  109 111 109 110¼  109¼ 111¼ 109 110¼  109.½ lllJ;! 109:)s 111¾  109¾ 111¼ 101:1½ 111¼  111½ 113)8 111¼ 113)8  Open'g High't Low'st Clos'g.  115 116¼ 114¼ 116  113-¼ 115)4 113¼ 114¼  113.½ 114¼ 113½ 113½  113¾ 114¾  112% 112%  113¾  112¼  118¼  112½  116¼ 119 116 118  114½ 114¼ 1137/4 114¾  114 114¼ 113¼ 114'A  114 114¼ 114 114.½  11&¾ 119¾ 118 118¼  114¾ 115½ 114)s 115.½  114¾ 115¾ 114¾ 115½  118)4 118¼ 115)4 116¾  115¼ 115¼ 113¼ 114%  116½ 117¾ 116½ 117¾ 117¼ 118 117!4 118  1867.  113 113¾ 112~ 112¼  113¼ 113¾ 112% 113  111 113¼ 111 113¼  115 115¼ 113 114¾  113¼ 114.½ 113¾ 114¼  lJ0 111 110 111  114¼ 116;4  113¾  113 113¾ 113 113.½  116¼  114¾ 115¼ 114¾ 115¾  113¾ 114¾ 1.13¾ 114½  113¾ 114¾ 113)! 114¾  114¼ 114¼ 114¾  111% 111¼ 111¾ 111%  116¼ 116¾ 114¾ 114¼  lle-% 115¼ 113¼ 114¾  115% 116 113½ 114¼  114¾ 114¾ 112 113¾  114% 114¼ 112 113½  115 115 112 113¾  111¾ 111¾ 107 109¼  114¼ 114¼ 110¾ 111  111¾ 111¾ 111 111  111¾ 111¾ 110¼ 110¼  111½ 112¾ 111¾ 111%  113¾ 114¼ 113 113  113¾ 115 113% 114  113¾ 115 113¾ 114%  109¼ 110 109¼ 109¾  111¼ 113¾ 111¼ 113¼  111 111 109¼ 109¾  110¾ 111 109¼ l0IJ¼  111% 111¾ 110¼ 110½  113¾ 115 113¾ 115  114¾  114% 116 114% 116  109¼ 109¼ 109¼ 109¼  llS¼ 115¼ 113¼ 115¾  112¼ 113j~ 112½  Sept, 114% 116¼ 114¾ 116¼  112¼ 113 1117/4 112¾  112¼ 112¼ 111½ 112¼  112¼ 11~¾ 111¾ 112¼  111 111¼ 110¼ 111¼  111¼ 111¼ 110½  111¼  111¾ 111¾ 110)-!j 111¾  109.½ 109),! 108 108¾  113)8 115:iii 113¼ 115¾  Open'g High't Low'st Clos'g .  112½ 114 112½ 114  111¼ 113 111¼ 113  111¾ 113 111¾ 113  111¾ 113 111¾ 113  109½ 108½ 109¾  113¾ 115¼ 115¼ 115¾  Open'g High't Low'st Clos'g.  Open'g Hlgh't Low'st Clos'g.  117¼ 117¾ 117 117¼  111 111~.! 110¼ 111½  111 111¾ 110¼ 111¾  111 111¾ 110¼ 111½  113¼ 114 113 113¼  113)4 114 112¾ 111  113¾ 114¼ 113 114¼  109¼ 110 109 109¼  115¼ 115¼ 115½ 115%  Open'g High't Low'st Clos'g.  117¾ 118¼ 117¼ 118¼  112  111% 113 111% 113  111¾ 113¼ 111¼ 113¼  113¼ 114% 113¼ 114¾  113¼ 115¾ 113½ 115¾  114 115¼ 114 115¼  109:Js 110):( 109¾ 110.¾  115% 115¼ 115¾ 115½  Open'g High't Low'st Clos'g.  June.  Clos'g.  1865.  Aug,  112¾ 114 112¼ 114  Low'st  1864.  July,  112¾ 114 112¼ 113%  High't  1862.  5s, 10-40, 6s,Cul\ Coupon rency,  1865n. --- - - - - - - - -- - - -1868- - - - -  A.pr. Open'g 116¾ High't 117!4 Low'st 116¼ Clos'g. 117¼ May.  Open'g  6s (5-20 years) Coupon.  6s, 1881 Coup.  Oct, 10&¼  114¾  114  Nov.  113¾ 112 113¾   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  Dec,  I  115¼  114¾ 115¼  ---  -  UNITED STATE~ SEC'URI'!'JES.  37  18?'2. 6s 10-40s. 6s (5-20 years) Coupon. 6s, 1881. 5s. 1881. , _ _ _ _ _ , _ _ _ _ _ _ _ _ _ _ _ _ _ , _ _ _ _ Curr'ncy fund. coup. Reg. Coup 1862. 1864. 1865. 1865n 1867. 1868. Reg. Coup  6s 10-40s. 6s (5-20 years) Coupon. 6s, 1881. 5s, 1881. ---;--1-----,-------,----:---.,.----,--- 1 - - . , . . - - - Curr'ncy fund. _ _ _ coup. H.eg. ~oup ~~ !8~ 18~~ 1865n 1867. 1868. Reg. Coup _ _ J~~  JaL 109 110½ 109 109¾  110 110¾ 109½ 110½  110½ 110¾ 109¾ 110¾  110¾ 110¾ 109½ 110½  112¼ 112¾ 110¾ 111¾  111¾ 111¾ 109¼ 110¾  113 113 111¾ 112¼  113¼ 113¼ Jll¾ 112¼  % 115½ 110¾ 108-;!:! 108¼ 114% 115¾ 111¼ 107¾ 114 114¼ 110¼ 108% 114 115¼ 111¼  110¾ 111¾ 110 111¼  111¼ 111¼ 110¾ 111¾  110½ 110¾ 110 110¼  112 112 111¼ 111¼  110½ 112¾ 107½ 110¾ 111¼ 106¾ 109¾ 112 107 110¾  114¾ 114¾ 114¾ 114¾  110 110.J.s 109½ 110  115 115¾ 114½ 115½  112¼ 107  111'.:¾ Open'g 113¼ 115½ 115¾ High't 113¾ 110 114¾ Low'st 113½ 115½ 114% Clos·g. 113¾ 116 Aug. 114¾ Open 'g 112¼ 116¼ 114% High't 1127A! 116¼ 113¾ Low'st 112¼ 114 113¾ Clos'g. 112)4 114¼  114¼ 115  117¼ 118¼ 117 118¼  114% 115¾ 114¾ 115¾  114¾ 115¾ 114¾ 115¾  115¼ 116¾ 115¼ 116¾  113¾ 115 113¾ 115  115¼ 116 115¼ 116  115 116 114¼ 116  111½ 111¼ 111¾ 111%  112¾ 113¼ 112¼ 113¼  11~  118¼ 118¼ 116¼ 116¾  116¼ 118¾ 114¾ 114¾  116½ 116½ 114 114  116¼ 116¾ 114¾ 114¾  115¾ 115½ 113¼ 113¼  116¾ 116¼ 113¾ 113¾  115¾ 115¼ 113¼ 113¾  109½ 109¾ 108¾ 108¾  11$¾ 11$¾ 111½ 112¼  ll<P,4 ll<P,4 112½ 112¼  114¾  Sept. 111¾ 111¾ 109¾ 110¾  114½ 114½ 113¾ 114¼  116)4 116¼ 114¾ 115½  114 114¾ 113 114¼  114¾ 114½ ilS¼ 114¼  118¾ 114¾ 113½ 114¾  113,( 113¾ 112 118½  114 114¼1 112¼ 113¼  '. 14 114 112¾ 113¾  108½ 109 107¾ 108  108¼ 108¼ 107¾ 108  112~ 112¾ 111:J( 112¼  Ill 111¾ 111 111¾  114)4 115¾ 114¼ 115  115¾ H7 115¾ 116¼  115)4 116¼ 115¼ 115¾  114¾ 116 114¾ 115¾  115¾ 116:l;, 11~ 116¼  113¾ 115 113¾ 114¾  113:¼ 115)4 113¼ ll4%  114 115 114 114¾  108¼ 108¾ 107½ 108½  108¼ 108¾ 107¾ 108)11  lll¾ 114 111 114  110 110½ 110 110¼  115¼ 116¼ 114½ 116  116¼ 117¼ 116¼ 116¾  112 113 111½ 118  111¾ 113¼ 111¾ 113¾  112¾ 113¼ 112¼ US¾  114 115¼ 114 115½  114½ 116¼ 114¼ 116¼  114½ 115¾ 114¼ 115½  108 108¼ 107¾ 108¼  108¼ 108¾ 107¾ 10 ¼  114¾ 114¼ 113¼ 114¼  Open'g 1 111 High't 111½ Low'st 111 Clos'g. 111½  112¾ l14)1i 112¼ 114¾  117¼ 118 117¼ 118  11'.3¼ 113 11$¾1113,½ 112¼ 112¾ 112¼ 118  11;;y 112 113¾ 116¾ 112½1115 112¾ 116¾  116 117½ 115% 117½  115¾ 116¾ 115¾j 116¾ ,  1()9¾ 109¾ 112¼  108¾ 110 lC,3¾ 110  114¼ 114-¾ 114¼ 114¾  115¼ 115¾ 115¼ 115¾  111¼ 112¼ 111 112  111 112¾ 111 112¾  112¼ 112% 112¼ 112%  110¼ 111½ 110¼ 111½  111% 113 111% 112¾  112 113¼ 112 113¼  107¾ 108 107¼ 108  1077,11 108¾ 107!):{ 108¾  114 115½ 114 1 115¾  Open'aHigh't Low'st Clos'g.  109¼ High "t 112¼ Low·st 109¼ Clos'g. 119.¾  115 117 114¾ 117  115¼ 118¼ 115><~ 118¼  112¾ 115-¼ 112¾ 115¼  112½ 115¾ 112½ 115¾  113 J16½ 112# 116¾  111½ 114¾ 111½ 114¾  113 115¼ 112¼ 115¾  113¼ 110 113 115¼  108 110¾ 108 110¾  108¾ 110¼ 108¼ 110¼  115½ 116¾ 115¼1 116½  Open'g High't Low'st Clos'g.,  111¼ 118 111¼ 112%  116¼ 117¼ 116¼ 117¼  118 119¾ 118 119¾  112¼ 114 112¼ 113¼  112¼ 113¼ 112¼ 113¾  112¼ 115 112% 115  114¾ 116¼ 114¾ 116)11  115¾ 117¾ 115½ 117¼  115¾ 117¼ 115¾ 117  110½ 111¾ 110 111¼  110¾ 112¼' 110¾ 112  116¾ 117¾ 116¼ 117¾  Open'g High't Low 'stl Clos'g.  113 11$¾ 112¾ 112¾  114¼ 115 114½ 114¼  120¾ 114¼ 114  116¼ 1177,1i 117½ 118½ 116¼' 117¾ 117¼ 118½  117¾ 117¾ 117¼ 117¾  111¼ 111¾ 110¾ 111½  112¼ 112¾ 111½ 112½  115 115 114% 114¾1  Oct.  Nov.  J.Uay. Open'g High't Low'st Clos'g.  June. Open'g High 't Low'st Clos'g.  115½ 115 116 114 114¾ 114¾ ll4%  120¾, 115 119¾ 114 120¾ 114  I  I  10-40:3. 6s, 1881. 6s (5-20 years) Coupon. 6s 5s, Cur1881. r 'ncy fund. coup. Reg. Coup 1862. 1864. 1865. 1865n 1867. 1868. Reg. Coup  - - - - - - - - - - -- - - - - - - - - - - - - - - Jan.  Open'g High't Low'st Clos'g .  -- -- -- -·-  ----  114¾1116¼ 115¼ 118}8 114¾ 116¼ 115¼ 118)4  119: 120¼ 119¼ 110¼  116½ 117¾ 116½ 117}.!  116½ 117¾ 116½ 117¾  118 119!,( 118 119.½  116 117¼ 117½ 113¾ 114¾ 118 119¼ 118¾ 115¼ 115¾ 116 113" 114¾ 117¾ 119 118¾ 114¾ 115¾  114¼ 114% 114¾ 114¾  114¾ 114¾ 114)4 114¾  118¼ 118¾ 117¾ 117½  119½ 120½ 119¼ 119¼  117 117½ 117 117  :117½ 117¾ 117 117¼  118¾ 119¾ 118¾ 119  117¾ 117¾ 116¾ 117  llS"Ji 119¾1 118¾ 119  119 119 118 118  112¼ 113¾ 112¼ 113¾  115.½ 116¼ 115½ 116¼  114¾ 114¾ 113¼ 113%  114¼ 114¼ 111½ 111½  117 117 112 112  119¾ 119¼ 115X 115¼  113¼ 113¼ 113¾ 113¾  117)4 117¼ 114¼ 115  118¾ 118¾ 110 110  116¼ 110% 111¾ 111¾  119¼ 119)4 113¾ 113¾  118¼ 118¼ 113 113  114 114 112 112¾  114¾ ll4¾ 106 106  113¾ 11$¾ 108¼ 108),(  112 115¾ 109½ 111½  118¼ 115¼ 111½ 112¾  108 109 105½ 106¾  108 110 106¼ 108½  109 111¾ 107~ 107½  111¾ 113¾ 109¼ 109¼  113½ 115.¼, 110 112¼  114 115 110 112¾  108½ 109¼ 103½ 107  107¾ 109¾ 105 106¾  109 111% 108½ 108¼  111¾ 114¼ 110¼ 114½  112 114¼ 110½ 114%  112 115 110 115  107 108)4 105½ 1077A!  106¾ 108½ 105¼ 108½  108 110¾ 108 110¾  116½ 118-¼l 116½ 117¾  109 112¼ 109 111¼  108¼ 113½ 108½ 118  108¾ 114¾ 108¾  117)(1117¼  116¾ 117¾ 116-}s 116¾  118½ 118¼ 118¼ 118½  114)4 115¼ 114¾ 115¾  114½ 115¾ 114½ 115¾  115¼ 116¼ 115¼ 116¼  114¼ 114% 114¼ 114½  116¾ 116¾ 11272 115.½i 115¼ Open'g lligh't 116¼ 116¼ 111¾ 114¼ 114½ Low'st 116¾ 116¼ 111½ 114¾ 114½ Clos'g.  113¾ 115¼ 113 115  116¾ 118 116¼ llr)i  118½ 120¼ 118¼ 120  115¾ 117¾ 115¾ 117¾  115½ 117;}~ 115½ 117¾  116¾ 118¾ 116¾ 118¼  114½ 116¾ 114¾ 11~  116¾ 118¼ 116 118¼  116½ 118 110¼ 117¾  111¾ 112¼ 110½ 112¾  111 112½ 110¾ 112½  114¼ 115 113¾ 114¾  115½ 116¼ 11!:i¼ 116  117¼ n8 116'A 117¾  119¾ 121 1157.! 120½  117¾ 118¾ llG 118¾  116½ 118-}s 116 118¾  118 120½ 118 120½  115¼ 118 115¼ 11'T~  116½ 1197,,ji 116½ 119¾  116½ 117¾ 116 117¾  111½ 112 109½ 111¾  112 113¼ 111 113½  112¼ Open'g 108¼ 115 High't 109 112¼ Low'st 106¾ HG Clos'g. 106¾  115)4 116¼ 115¼ 116¼  117¾ 110 117¼ 118¾  jl.20¼ 114¾ 122¾ 116¾ 120¼ 114% 122)4 116:l:I  114¾ 110¾ 114¼ 116¾  117½ 118¼ 117¼ 118¾  117½ 119¾ 117½ 119¼  119¾ 121¼ 119¼ 121¼  118 120½ 118 120  112 11'2¼ 111% 112¼  113¾ 114¾ 113¾ 114¾  115)4 116¾ 115 116¼  112¾ 115½ 112¼ 115¾  106¼ 109¼ 105½ 109¼  106¾ 111 106½ 111  108½ 111 107¾ 111  110 113¼ 109¼ 113¼  116½ 117¼ 116)4 117¼  118½ 119 119¼ 120¼ 116¾ 119 118 '120,½i  121¾ 121¼ 120¾ 121  120 120¼ 120 120¾  113 113½ 112¼ 113½  115 115 112¼ 114  118¼ Open'g 109¼ 111¼ 116½ 114½ High't 113¼ 116~ 121 113¼ Low'st 109¼ 111¼ 116½ 114½ Clos'g. 111¼ 116¾ 120½  112½ 116 110¼ 113¾  111¾ 117¼ 111¾ 114½  111½ 117¼ 111½ 115¾  115¾ 115¼ 119¾ 120 114¼ 115¼ 119 . 119½  116¾ 116¾ 112½ ll5¼ 115¼  Sept.  Apr.  Open'g High't Low'st Clos'g.  Oct.  lllay.  Nov.  June. Open'g Hlgh't Low'st Clos'g.  10-40s. 6:s (5-20 years) Coupon. 68 Cur''· / "'· 1881. 1881. r 'ncy fund. coup. Reg. Coup 1863. 1864. 1865. 1865nl 1867. 1863. Reg. Co'Up  Aug.  lllar.  Open'g High't Low'st Clos'g.  110 109¼ 113¾ 100½ 109¼ 112 110 109¼ 113¼  July.  Open'g 115¼ 117¼ 119¼ 115¾ 115¼ 116¾ 115¾ 116:),.£ llG¼ 114 115½ 115½ High't 112¼ 114¾ 114½ 112¾ 113)4 113¾ 112¾ 113¾ 113¾ 109¾ 109¼ 112¾ I.ow'st 115¼ 117¼ 119¼ 115¾ 115 115¾ 115 116¾ 116¼ Hi 115¾ 115¼ Clos'g.  Open'g 113¾ High't l 113¾ Low'st 113¼ Clos'g. 113¾  Open'g High't Low'st Clos'g.  --  11~ 114¾ 114½ 112¾ 113¼ 118¾ 112¼ 113¾ 113~ 110,½i 109¼ 112¾  Feb.  Open'g High't Low'st Clos'g.  I  Dec.  Open'g High't Low'st Clos'g.  108 109½ 106},{ 109½  Dec. 115¼ 115½ 122¼ 115¼ 117 123¼ 114:ki 115½ 122¼ 114¾ 116¼ 122¾  --  116½ 117¼ 115¼ 116¾  ---· --  114%  IS?'4. I 6s, 1881. 5s,  10-40.:;.  6s (5-20 years) 0oupon.  1881.  funu. coup. Reg. Coup 1862. 1864. 1865. 1865n 1867. 1868. Reg. Coup  I  I  10-40s. 6.;, 1881. 6s (5-20 years) Coupon. 6s 5s Cur1881. r'ncy fund. coup. Reg. Coup 1863. 1864. 1803. 1865;, 1807. 1 186S. Reg. Coup  Os Cur-  r'ncy  --  - - - - - - - - - - - - - - --- - - - - --- - - - - - - - July.  Jan. 113½ 114¼ 112J.! 11431,  115  116 115 116¼ 118 115 114½ 115 116 116¾ 117¾ 116¾ ll'r\ls 117¾  115  111 113¾ 111 113¾  116¼ 117¾ 115¼ 117  117¾ 118¾ 117 118¾  Open'g 111¼ High't j 114¼ Low'st 111¾ Clos'g. 114¾  117¼ 120¾ 117¾ 119¼  118½ 115-)8 110¾ 116¾ 121 118¼ 120½ 121¼ 118½ 115)s 116)s 116¾ 120½ 117¾ 119¾ 121¼  114½ 115¼ 114¼ 115¾  119¼ 119¼ 118½ 119¾  119¾ 121 119>11 121  117½ 118¼ 116½ 1177/4  118 120 118 119¾  115½ 117 115¾ 117  119¾ 120¼ 119½ 120¼  121¼ 122 120¼ 122  118 118¼ 117¾ 118):!  115¼ 115½ 115 115¾  119¼ 12):,i; 119¼ 120¾  121¾ 122 120 121¼  Open'g High't Low'st Clos'g.  ll6¾ 117"~ 116¾ 118  114  111¼ 113 111¼ 1127A!  113¼ 114¼ 113 114¾  114¼ 115¼ 114 115¼  Open'g High't Low'st Clos'g.  113½ 113½ 112½ 113¼  116¾ 119,s 116¼ 119,½i  117¾ 120)8 117¾ 119¾  ll'i¾ 120¾ 117)s 119¼  110¾ 113¾ 110¾ 113¼  114 110¾ 114 116¾  115)4 Open'g 112¼ 116¼ High't 112)s 115¼ Low'st 112 116½ Clos'g. 112¾  120¼ 120¾ 119¼ 120¾  118¼ 119){ 118 119¼  119½ 120¾ 118)4 120¼  118¾ 120¼ 118!-2 119¼  112½ 115¼ 112¼ 114¼  112¾ 115½ 112¾ 115¼  116½ 117 115¼ 117  Open'g High't Low'st Clos'g.  119}.{ 120¼ 119¾ 120¾  120¾ 121¾ 120){; 121~  119¼ 120¼ :!.19¼ 115 120¼ 120¼ 120½ 115 119 119}! 119¼ 114¾ 120¼ IZO¾ 120½ 11~  115 11~ 114¼ 115½  11714 117¼ 116)( 116¾  Opeu'g High't Low'st Clos'g.  117)4 l17'J1j 110)4 117¾  117½ 118¾ 116 118¼  113¼ 113½ 112¼ 112¾  114 114 112½ 112¾  115% 117¾ 115'}& 117¾  115¾ 115¾ 115 115)1i  117¼ 117¾ 117 117¼  118¼ 118)8 117% 11~  119?,;i 120¼ 119}:{ 12)¼  114% 115.¼ 114¼ 115¾  115¾ llo¾ 114¾ 115¼  116¾ 117,¼ 116½ 117¼  Open'g High't Low'st Clos'g.  Open'g 115¾ 116¾ 121¼ 115}s High't 115:k; 117½ 122 115¾ Low'st us 116¼ 121¼ 1133' Clos'g. 114 117 122 114¼  117¼ 117¼ 116)4 117  118¼ 118,¼ 117½ 118  119½ 120¼ 120~ 114¾ 120½ 121¾ 121¼ 114¼ 119½ 119½ 120 113½ 120¼ 121 121 118x  114¼ 114¾ 113¼ 114  ll4¾ 115¼ 1149$ 115¾  Open'g High't Low'st Clos'g.  117½ 117¾ 117¼ 117½  118¾ 118-¾ 118)4 118¾  111¾ 1151/4 112½ 116 lll¾ 115¾ 11'2½ 116  116¾ 117¼ 110¼ 117¼  llG¼ 116½ 116 116¾  117¾ 117¼ 117¾ 117¾  118¾ 118¾ 117½ 117¾  110¼ 110¼ 109¼ 110¾  113¾ 114½ 113½ 114½  111¾ 117¾ 117½ 117¾  112¾ 112)1; 112 112¼  117½ 117¼ 116¼ 117¾  118½ 118¾ 117¾ 118¼  112½ 112¼ 112¼ 112¾  115¼ 115¼ 115¼ 115¼  116¼ 110¾ 113% 116  116½ 116¼ 115¼ 113¾  117¾ 11r:11 lli¾ ll'T'Ji 116¼ 116½ 117 117¼  111 111 110½ 111  111¼ 111% 111¼ lll~  117¾ 117¾ 117¼ 117½  112¼ 112¼ 112¼ 1~  117:k; 118 117¼ lli%  118.½i 112¼ 1 118¾ 113¼ 118 112¾ 11 ¼ 118¾  115¾ 116¾ 115X 116¼  116¾ 1177A 116¾ 117¼  115¾ 116¾ 115¼ 11&~  117 1177/4 117 117¾  117)4 1177,11 117)4 117¾  111¼ 112¾ 111½ 111¼ 112¾  117¾ 118¼ lli¾ 11~  111¾ us 118¾ 110¼ 113 113 119¼ 119¼ 112¼ 114¾ 111½ 118 118)1; 110¼ 113 113 119¼ 119¼ 112¼ 114¼  114½ 116~ 116:Js 119 114)4 116¼ 116}1; 1111  117¼ 120 117¾ 120  117¼ 1 1!2 119¼ 113:¾; 117¼ 111¼ 119¾ 113¾  118 116}~ i:_ --;~_: 118¾ 1!2~1115}s 113¾1118  116¼ 118¾ 116¼ 118)4  Oct.  Apr.  Nov.  lllay. Open'g High't Low'st Clos'g.  117¼1114 116);  116 117¾ 116¼ 117¾ lHJ 114 116½ 117¼ llG¼ 115¾ 116?li 111½ 115¾ 116}.! 115½ 117¾ 118½ 111½ 115?.1 117 116¼  Sept.  Mar.  Open'g High't Low'st Clos'g.  ----  Aua-.  Feb.  Open'g High't Low'st Clos'g.  ----  12~ 120¾ 120¼ 120¾  120½ 120½ 119½ 120½  Ul  112¼ 117¼ 114¼ 119 111¼ 117'¾ 114¾ 119  Dec.  June.   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  111 112  119¼ 122¼ 119¼ 122  112¾ 114,s 112¼ 114¾  114¾ 116 11{¼ 116  119 120 121 122 118~ 119¾ 120¼ 1.22  119¼ 120¾ 119¼ 120~  113¼ 115¼ 112~ 115¾  114¾ 115)4 113¼ 115¼  116¾ 118 116)4 118  --  UNJ.TED STATES SEOURITIES. 1875.  l  I  5 6s, 1881. 6s (5-20 years) Coupon . 10-40s 6s 5s. 6s, 1881. 6s (5-'.!0 years) Coupon. l0-40s. 1~•1. _ _ _ _ , _ _ _ _ _ _ _ _ _ _ _ _ _ · Cur1881. - - - - - - , -- i - - , - - - - - - - - - , , - - - - - - - , - - . . . . . , . - - - 1 - - - - - , fund . r'ncy fund. I coup. J-teg. Coup 1862. ~864. 1865. 1865n 1867. 1568. Reg. Coup _ _ c_o_u_p. Rei::_ C_o_u_p _186_2. _18_6-!_. _186_5. 1_8_65_n _186 _ 7. _18_68_. _R_ efl_. c_o_u_r 1  ~ : :.~ lllgh't Low'st Clos'g .  113¾ 116 113¾ 115%  118)4 119¾ 118 119¾  113¾ 119¾ 118l t 119¾  116¼ 117½ 116 117½  118¼ 119½ 118¼ 119Ai  1177.111 118~~ l:!.7¼ 11$¾  118¾ 119½ 118¼ 119½  118½ tH:l¼ ' 18 lHl¾  115 116½ 114¾ 116~  115¾ 115)4 119"";/43 12u¾ llt>¼ 114¾ 118¼ 119-¼ 115¾ 114% 118¼ 120 116¾  117¾ 118 117¾ 117½  120¼ 120¼ 119 1~ 119¾  118¾; 119¾ 118% 11 8-}s  119¾ 120¼ 119)8 ll9%  119¾ 120 119)8 119½  1!3¾ 116¼ ll4}s 117¼ 113¼ llfl¼ 114¼ 116½  119¼ 120 119 119  Opcn'g IIigh·t Low·st Clos'g.  113½ 115¾ 113}.f 114.½  118½ 119½ 118¾ 1193i  Opcn'2" Iligh·t Low'st Clos'g.  Feb. Open'g lllgh't Low'st Clos'g.  114}.! 119½ 120  Mar. Open'g High't Low'st Clos'g.  122¼ 123 120 120½  115~ 117¼ 115.½ 117¼  119¼ 121 110¼ 120¾  116¾ 118¼ 116¾ 118¼  115¾ 116¼ 115¼ 116¼  118¼ 118¼ 116 116  12'2¼ 122¼ 117½ 120  120½ 120½ 117,\{ 118¾  122¼ 122¼ 118 120¾  121½ 121½ 119, . 120  1177Ai 117¾ 116½ 116½  119¼ 119¼ 116¾ 110¾  122 128 122 122  120}4 122 120¾ 122  115¼ 117 115¾ 117  119¾ 119¾ 118-)s 118-}s  118¼ 119¾ 118¼ 118¾  120¼ 120¾ 120 120¼  120¼ 121½ 120'-! 120¾  114¾ 115¼ 114¾ 115½  117¾ 119¾ 117¾ 119½  122}4  120 121½ 120 115¼ 11\l:}.! 123¼ 121½ 116¾ 117¾ 124  Aug,  123  122¼ 123  Sept,  119 120 118% 119¾  119¼ 116-¼ 121¾ 117½ 11!:l¾ 116¾ 121¼ 117½  !17½ 118¼ 117½ 118¼  119"¼! 120¾ 119½ 1191{  118)§ 119¼ 118)8 119¼  119_½ 12:l½ 119¼ 120¼  119¼ 120/!! 119¾ 120½  113¾ 114½ 113)! 114  120¼ 121½ 120¼ 121¼  122 123¼ 122 123¼  116¼ 117¾ 117¾ 11;!¾ I 19)4 119½ 116½ 117¾ 117% 119¾ llS-)/4 119)4  119¾ 121 119}1: 12011;  114¼ 117½ 114¾ 117.½  120 122 120 121¼  121 123¼ 121 123%  118,½ 121 118½ 121  121¼ 121¼ 121},il 121%  119¼ 122¼ 119¼ 122¼  120 123}8 119¼ 123¾  119¼ 122½ 119}.{ 122½  Open'g 118¼ 121½ 114 115½ 116¼ 117¼ 124¼ High't 118¾ 121½ Low'st 116¾ 120½ 113¼ n o,, 110 117¼ 123¾ Clos'g . 117½ 121¾  123½ 123¼ 122¼ 123  119)8 119½ 118-¼I 119  119¼ 120}4 118¼ 120¾  119¼ 119¾ 118½ 119¾  120½ 121 ¾ 119½ 120½ 115½ 110¼ 123½ 121¾ 121½ 116¼ 117¾ 123¼  116 117 115X 117  121¾ 122¼ 121¾ 122¼  123¼ 116)4 117"~ 119~ 121% 123  114½ 114½ 114¼ 114¼  116½ 116½ 115¾ 110)1;  119 120¾ 118¾ 120¾  120½' 122¾ 120½ 122).j  117¼ 119 117¼ 118¾  120¼ 125¼ 118¼ 118¼ 121¾ 123¼ 124½  116-"X\ 120¾ 116}{- I 121 115_1._. 119¾ 110 1.:o}s  122¾ 123:4 121½ 123  l\Iay. Open '.; High't Low'st Clos' g .  121 121 119 120  114¾ 115¼ 114½ 115¼  Apr, Open'g High·t Low·st Clos 'g .  July,  : : - n 77.111 Open'g 118-}R 116¾ 120 I High't 118¾ 115 117½ L ow'st 11 4¼ Clos'g. 116 1113¾ i20  ::.14)4 115-~ 114¼ ll5½  .June. Open'g High't Low'st Clos'g.  118¼ 118¾ 113·~ 118¾  lHl¼I  Oct.  110;<1  Nov. 116 117)4 123¼ Open'g 117 118 1241-;I High t 1 115-¼ 117 123¼ L ow'st Clos'g. 117 118 Dec . Open'g 12-! 11r~ 118¼ 122 125½ 11872 110½ 122}f Iligh't Low'st 124 1117¾ 118¼ 122 125 1171'/4 119¼i 122"~1 Clos'g.  Hl3 124}8 117¼ 118¼ 120¼ 122¼ 124¼ 124 123 123 121¾ 116)4 Ai 119¼ 1177 123¾ 124)8 117 118¼ 120¼ 122½ 12-.1},! 12-!  121¼ 126¼ 118¼ 119),4 122¼ 124¼ 12::i½ 120¼ 125¼ 1177/4 118¼ 121¾ 123¼ 124-Js 121 126)4 118 118¼ 122¼ 124 125}s  1-1 I  116¼ 117¾ 115¼ 117¼  121 122½ 120¼ 122½  122% 124 122¼ 12-!  117¾ 118 116¾ 117  119¼ 120 110¼ 119)4  123½ 125 123½ 123¼  123 123 122¼ 122½,  117½ 117¾ 116¾ 117¾  118 118 118 n8  IS76. 6s, 1881.  6s (5-20 years) Coupon .  10-40s.  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Closing .. ....  .... .. .. .... . ...  124¾ Opening ..... . 12~ Highest . . ... 12-.11¼; Lowest ...... 126¾ Closing ..... .  118% 1177Ai 119 118¾ 118¾ 117¾ 118¾ 118½  .... ....  . .. . . ...  126¾ 126% 125½ 125¼  116 116¼ l:!.2½ 112¾  117½ 119¾ 121¾ 115½ 119  117 1177,,~ 119¼ 121¾ 116¾ 119¾ 117¾ 113 116¼ 121 115½ 118¾ 115¾ 118 116% 121¼ 116¾ 118¾ 115¾  108¾ 108½ 107¾ 107¾  109¼ 110¾ 108-}s 108¾  112¾ 113½ 111¾ 111~~  115:is 116¼ 114½ 114½  110¾ 111¾ 109¼ 109½  113)8 114% 113)8 113¾  110¼ 111¼ 1011¼ 109¾  111¾ 113¾ 111¾ 112%  107"~ 108¼ 107¾ 108¾  108 109½ 108 108¾  111¼ 112¼ 111¼ 111½  113¼ 114½ 113 113½  100¼ 110¼ 109¼ 110¼  110¾ 111½ 110¾ 111¾  109¼ 110¼ 109¼ 110¾  ....  112¾ 111¼ 112½ 114  108¾ 111½ 108¾ lllJ.ti  108¾ 110½ 108½ 110¼  111¾ 113 111¾ 112½  118¾ 115¼ 113}8 115¼  110¾ 112¾ 110-}t; 112  111½ 110¾ 113 112¼ 111 ½ 110½ 112¾ 112  ....  114¼ 115¼ 114¾ 115¾  .... ....  110~ 111¾ 110¾ 110½  118 114¼ 113 113¾  115 116 115 116  112¼ 113 112¼ 112¾  113 113¼ 112¼ 113¼  110% 112 110¼ 111¾  108½ 109 108¾ 108¾  125¼ Opening ...... . . .. 125½ Highest .. ... . ... 12;,¼I L owest . . . . .. .. .. 125¼1 Closing ......  lJ0 110 .... 109¼ .... 109¼  113 113¼ 112}ji 112½  116½ 116½ 115½ 115½  112 112¾ 111¾ 112¾  112~-i'. 113 112½ 112%  111 112 110¼ 112  107 108¾ 106¾ 108¾  . ... . ... .... . . ..  .June. 115 115¼ 114~ 115   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  ... .  .... .... ....  .. ..  ....  ....  ... . .. ..  .....  ....  .... I  Aug, 128¼ 123¾ 122½ 122½  Opening ..... . Highest ..... L owest ..... . Closing . .. ...  122}8 Opening .. ... 123¾ Highest .. . ... .... 122¾ L owest ... . .. .... 123¼ Closing . .....  ....  ....  116 116 115¼ 115¾  115¾ 115% 114% 114%  111¼ 127 111¾ 127 111¼ 126¾ 111¼ 126¾  113 113¾ 111¾ 113)4  116 116¼ 114¾ 116¼  118 118 116½ 116¾  114¾ 114¾ 113 114  115 115% 113½ 115¾  114% 115¼ 113½ 114¾  110¾ 111¾ 110¾ 111½  114  115¼ 119¼ 111¾ 124¾  125¾ 125¾ 123 124¾  110¼ 118¼ 116¼ 117  110¾ 113)4 116¼ 117¾ 114¾ 115½ 118¼ 111¾ 124¼  109¾ 112½ 115½ 116¾ 118¾ 114¼ 111¾ 110 109¾ 112½ 115½ 117¼ 1137/4 114¼ 111¾ 110  123¾ 124  116¾ 117'¾ 115½ 1:7:)s  109¾ 109}tj 108½ 109¾  112¾ 118¾ 111¾ 118½  115¾ 116½ 112¾ 118¼ 111¾ 109¾ 12!¼ 116¾ 118 118¼ 113¼ 112¾ 109¾ 122~ 114),{ 116¾ 112 111½ 110¾ 108 120'.hj 116½ 118 118½ 113¼ 112¼ 108)4 122¼  --  .. . .. 106% 109½ 112  112% . ... 107 109½ 112¾ 113 106½ 108¾ 111½ 112 10fl% 109¾ 111½ 112  113¼ 113¼ 112¾ 118  112 112 111 111  108% 109 108¾ 108¾  105¾ 106 105¾ 105¾  128¾ 126 123¼ 125  ....  . ... . ...  100¼ l0i 105¼ 106¼  109 109¾ 108¼ 1087~  111¾ 109¾ 111½ 109¾ 110% 108½ 110% 108¼  118¼ 113¼ 112 112¼  109;}.! 110~ 108¾ 108¾  109 109 1077h l0'i7Ai  105¼ 105½ 104 104¼  125 125¼ 123¼ 128~  . ... 105% 105¾ 105¾ .... 105¾  1077Ai 108 107 107¾  110¼ 110¼ 109:¾; ]09¾  108¾ 108¾ 106% 106%  101)¾ 109¾ 107¾ 108¾  108¾ 108¾ 107¼ 107¼  1~ 106¾ 105 105¼  103 103 101¾ 101½  123 123¾ 120¾ 120¾  105 105¾ 103¼ 105¼  101¾ 102¾ 101¼ 102¾  120¾ 12~ 120¼ 120!'(  112¾ 112¾ 111¼ 111¼  . ... . ... . ...  111 111 110¾ 110;,,;  . . .. . ...  Sept.  .. .. ....  .... ... . ....  112¾ 114 111¾ 113½  - - - - - - - -· - -  ....  ....  ....  115)4 115½ 114¾ 114½  .July.  ....  .. .. .... ... . ....  ...  125% 126½ 123% 126¾  mt  113),s 114½ 111¾ l.11¾  May.  118¾ 113¼ 112¼ 118¼  121% Opening .... .. 112 .... 123¾ Highest .... . 112½ ... . 121¼ L owest ...... 111¼ . ... 123¾ Closing ...... I 112  ... .  .... ....  6s (5-20 years) Coupon., 10-40s. 6s, 5s, 4s, 6s 1881, Hl81. 1907, Curcoup. coup. coup. reg. r 'ncy lll<l0.11865n 1867. 1868. Reg.lCnup  115 113½ 113¾ 112 117.½ 114¼ 114½ 112¾ 114¼ 112)4 112½ 111 116 113¾ 114¼ 111¾  Apr.  Opening ...... Highest ...... Lowest ..•. Closing ......  1~8¼ 118¾ 1177/4 118¾  Dec•  109¾ 110¾ 113¾ 109½ 110¼ 114 108¼ 109¼ 112¼ 113 lOR¼ 110  .... ... .  118 119¼ 116-¼ 118)4  126¾ Opening .. ... 117¾ 118 127½ Highest ..... 117¾ 118¼ . .. . 126¾ Lowest . . . ... 116½ 117 .. .. 127½ Closing .... .. 116½ 117  114¼ 114¼ 113¾; 113½  ....  117¼ 118¼ 115!"',s 117:l(  ....  - - - - -- -  Mai·.  Opening ... . .. Highest . ..... Lowest ...... Closing .......  ----  Nov.  ....  - - - - -· · --  Feb,  Opening... . .. Hi~hest . . .. .. Lowest ...... Closing .... ..  120¾ 120¾ 118 118  121¾ 121¾ 121 121~  Oct. 126!,s 127 126¼ 127  - - - -- - -  Jan.  Opening ...... Highest ...... Lowest ... . .. Closing ... .. .  119¾ 119¼ 117¾ 117¾  119¾ 120¼ 119¾ 119¾  118½ 127}~ Highest . .... 1177/4 128¾ 113¼ 113¾ 117 118½ 126¾ Lowest ...... 117 117½ 112¾ 113 116¾ 118)4 126¼ Closing ...... 117¼ 118¼ 113¼ 113¾ 116¾ 118¾  iWi,  Opening .. . ... Highest ..... Lowest ..... . Closing ......  120½ 110¾ 117% 120¾ 116¾ 118¼ 119¾ 115¾ 117¾ 120¾ 115¼ 117%  .... 127¼ Openin 2" . ... . 117% 118¼ 112¾ 113¼ 117  1 10-40: . 4s, 6s 5!1 6s, 6s (5-20 years) <Joupon . 190i, Cur1881, 1881, coup. coup. reg. r'ncy coup. 1865. 1865n 1867. 1868. Reg. Coup Opening .. . ... Highest . ..... Lowest .... .. Closing ......  120 120 119¾ 119¾  Sept,  .June. Opening ...... Highest . . .. . Lowest ...... Closing ......  5s , 6s 1881. Curcoup. reg. r'noy  Ang,  May, Opening ...... Highest .... Lowest ...... Closing ... ...  mt  10-40s.  .Jul y .  116¼ 11'77Ai 116¼ li77Ai  Apr, Opening•..... Highest ..... Lowest ...... Closing ......  Os (5-20 years) Coupon.  R eg. Coup 1865. 1865n 1867. 1868. Reg . Coup  120¼ 122¾ 120½ 122¾  Mar. Opening ...... Highest ..... Lowest .. ... . Closing ......  /  119¾ 122 119¾ 122  Feb. Opening...... Highest ..... Lowest . . . ... Closing .. ....  6s, 188t.  __ - - - - - - - - - - - -  Oct. 123¾ 1 124¾ 123)8 124¾  Opening ...... Highest ...... L owest ..... . Closing .... . .  105¾ 105¼ 105 105¼  107¾ 108¾ 106¼ 108¾  109¾ 109¼ 109¼ 109¾  107 107¾ 106¾ 107¾  107¾ 108'°¾3 107¾ 108¼  107 107"'~ 106¾ lO'i"¼ :  110¾ 110¼ 110¾ 110¼  . .. . . ... . ... . ...  l0r¾ 106¾ 10~ 106¾  108¾ 109¼ 108¼ 109¼  110 111¾ 110 111½  107% 108¼ 107¾ 108¼  108¼ 108¾ 108¼ 108½  1Oil!< 105¾ 102½ 121¾  110¼ 111 109½ 109½  . ...  106¼ . . .. 106¾ . ... 105¾ . ... 105¾  109¾ 109¾ 108¼ ).08½  111½ 111¾ 110 110  108¾ 108¾ 106¾ 106¾  109 109 107,½ 107½,  107 107¾ 105¼ 105¾  Nov.  Dec .  122¼ Opening .. .... 1 122¼ Highest ...... 122 I Lowest ...... 122¼ Closing ..... .  ....  . ... . ... . ...  110¼ 110¼ 109½ 110¾  I  107 105¾ 102¾ 122 106¾ 105¼ 102¼ 121¼ 106¼ 105¾ 102¾ 122 1Q5 105¼ 103¼ 103¾  102~ 120¼ 103){ 122¾ 101 1120 101½ 120  UNITED STATES SECURITIES.  30  1878. 6s, 1881 Coup  \ e, (5-20 yea,,) Coupon. 1865 n.  1867.  I  o,, 6s, cur4s. 10-40 5s, 1881 4¼s, '91 Coupon Coup. Coup. Coup. rez:cy.  1868.  - -- -  ------------  1865 n.  1867.  1868.  x02½ 102¾ 102¾ 102½  x05¼ 106¼ 105¼ 105¼  x108 108¼ 107¾ 108.½i  109 109¾ 108¼ 109)4  107¼ 107¾ 106¼ 107¼  104¾ 104¼ 104¼ 104¾  :xOO¼ 100¾ 100)4 100½  12~ 120~ 120  105 105½ 104¾ 105½  108 103 108 108  109¼ 109)4 103¾ 108¼  x06¾ 106¾ 106  108¼  102½ 102¼ 102¾ 102¾  104¾ 105 104¾ 104¾  100¾ 10()7,i 100¾ 10()7,i  12~ 120% 119¾ 120¼  108}.! 108¼ 107¾ 107¾  102¾ 102¼ 102¾ 102¾  105½ 105½ 105¼ 105¼  wns  x06½  106¼  108 107¼  106½ 106¼  x03¾ 103¾ 103¾ 103¾  100¾ 100¼  10i½  106¼ 105¼ 105%  11~ 119% 119½ 119%  107¾ 108¼ 107¾ 108¼  103 103¼ 102¾ 102¼  105¼ 10(% 105¼ 106¼  107¾ 108 107¾ 108  106¼  103½ 104 102% 104  :i:99½  105¾ 106¾  106 106¼ 105¼ 106¼  99¾ 100  119¾ 120¾ 110¼ 120¾  108¼  109¼ 108¼ 109¼  103¾ 103¾ 103¾ 103¾  106¼ 106½ 105¼ 106¼  108½ 109¼ lOS½ 109½  106¼ 10'i¾ 106½ 107¾  x105 106¾ 105 106¾  104 105¼ 10-! 105)4  100 100¾ 100 100~  121~ 122 121¾ 12'2  109¼ 109;2 109¼ 109¾  103~s 103~.J: 103¾ 103¾  106¼ 1067~ 105¼ 105¼  109lld; 109¾ 108 108  10i% 108¼ 107% 108¼  106¾ 106¼ 106¼ 106¾  x04¼  100¾ 100½ 100¾ 100,i  xll9 1.!0¾ 119 . 11~  .July.  103¼ 104}:i 103¼ 103¾  101¾ 102>:1 101¾ 102  Open'g x07¾ 118½ High't 107¾ 110¼ J,ow'st 107 118.½ 119½ \ Clos'g. 107,½  106½ 106¼  x04¾ 10-1¾ 103 103¼  103½ 103½ 102¾ 103¼  102¼ 102¼ 101¼ 102  118½ 110½ 118½ 119.½i  Opcn'g High't Low'st Clos'g.  10&¾ 109 108¾ 109  x03½ 105¾ 103¼ 105¾  103 104½ 103 104¾  :x01% 103 101¼ 103  101¼ 101½ 100:¼ 101%  119 119 118 118  Ope : 'g H!gh't Low'st Clos'g.  107¼ 107~ 107 107  109¾ 110½ 109¾ 110  105½ 106 105¾ 106  104¾ 105% 104¾ 105j~  103¼ 103¾ 102¾ 103¼  100¼ 100¾ 100¾ 100½  117¼ 110¼ 117¼ 119¼  Open'g H!gh't Low'st Clos'g.  103¼ 104¾ 103].! 104¾  106¼ 107¾ 106¼ 107¾  109;!-.! 109¾ 100):{ 109;}.{  105% 107% 105¼  107½  104½ 105½ 104;~ 105¾  103¼ 10!¼ 103¼ 104¾  100¼ 101¾ 100½ 101¾  119¼ 122 119 122  Open'g High't Low'st Clos'g.  104¾ 10:5¼ lM}{j 105¼  107¼ lOS:--" 107¼ 108-)s  110 111¼ 110 111¼  107½ 109¼ 107½ 109¼  105;& 107 105¾ 107  x03¾ 104¾ 103¾ 104¾  101¼ 101}<_; 1017s 101¾  xllO , 120¼  Open'g lligh't Low'st Clos'g.  102¾ 103¼ 102¾ 1027A  105)4 106 105¼ 105¼  106:lt 109¼  106½ 106½ 105¾ 105¼  103 103).! 102-'.)s 103¾  105-¾ 106¼ 105 105¼  108¼ 109 108 108¾  105'.)s 107¼ 105}8 107¼  103½ 104¾ 103½ 104%  105½ 107¼ 105½ 107¾  107¼ 107¾ 107¼ 107¾  10!½ 104}.{ 10! 10!  107½ 108¼ 107¼ 108½ 108¾ llOJ.! l uS,kj ]10¼  107¾ 108¾ 107¾ 108¼  106)~  108¾  I  5s. 10-40, 5s, 1881 4,¼s, '91 4s, 6s, curCoupon Coup. Coup. Coup. rency.  - - --- - - - - - - - - - - - - - - - -  105¼ 106¾ 105¼ 105¾  106% 107¼ 106½ 106¾  6s (5-20 yea.rs} Coupon.  6s, 1881 Coup.  Aua;.  : :•  108½ 108½  107½ 10 ¼ 107½  Sept. • ' .• ! :  : I  ,: :•  ... '  :  1: :•  •• :. ' !  : :•  106¼  108  100½  100%  Oct. 106-¾  100¼  ~  Nov,  Dec. llO 120¼  104¾ 10-1 104¾  I  18?'9. Coupon Bonds.  -  - - - -- -- -- -  106¾ 10d% 106¼  106¾  Closing ........  t~l.  10-40s. 5s, 1881  1668.  1867.  Coupon Bonds.  16s, Cur-  '  5-20s.  6s, 1881  4s, 1907 rrctl,· reg.  6s, 1881  10i% 106¼ 101¾ 106¼  119½ 121¼ 119½ 121¼  Opening ...... Highest ... . .. Lowest . ....... , Closing . .... .. .  x02¾ 102}1; 101¾ 102  104¾ 104¾ 102¾ 103¾  108¾ 108¾ 104¾ 105  I. I  !  1868.  - --  6s,Cur-  4s, 1907 rW8s.· reg.  ~1.  10-4.0s. 5s, 1881  102¼ H2¼ 102 102¼  102½ 102¼ 102½ 102¼  105 105¾ 104¾ 10-1¾  x04% 104% 104¼ 104¾  106¼ 106¾ 106 106¾  100 100¼ 100 100¼  120% 1?2 120¼ 122  Opening ...... Highest ....... Lowest ........ Closing ....... .  x02¼ 102)4 101¼ 102  104¾ 104% 103¼ 104-¾  x05¼ 105¼ 104 104¾  100¼ 100¼ 99¼  09¼  122 122 121¾ 121¾  Opening ....... Highest ....... Lowest ........ Closing ..... .  102 102 101¼ 101¼  104¾ 105¼ 104½ 104¾  104¼ 106¾ 10-1% 106¼  x99 101¾ 99 101~.!  121½ 124½ 121 ½ 124½  Opening ...... Highest .. ... . . Lowest . . . . .... Closing . .......  x03¼ 104 103,½ 103¼  107 107¼ 107 107%  101% 103½ 101¾ 103¼  124¼ 1 .5½ 124¼ 125½  Opening ...... Highest . .. .. . . Lowest ........ Closing ..... . ..  103¾ x06½ 103¾ 1106½ 103¾ 105¼ 103¼ 106¾  1027/4 103 102½ 102¼  x23½ 123½ 123 123  Opening ...... Highest . . . . . .. Lowest. .. . .... Closing ........  XOi?B 104¼ 104¾ 10!½  103¾ 104¼ 103¾ 104¼  106¼ 106½ 105¾ 106¼  x01% 102¾ 101¼ 102¼  123 124 122% 123¾  104~! 104¾ 104¼  x02¾ 102¾ 101%  102 102 100% 101¾  123¼ 123¼ 123}.! 123¼  101¼ 102¾ 101¼  Aug, 106-}ji 106~,! 105% 106¾  104¾  102¼  106¼ 106,¼ 105 105¾  104¾ 105 104¾ 105  :102~ 103 102¼ 103  x04¾ 105¼ 104¾ 105¾  102¾  105 105¼ 105 105¼  102¾ 103½ 102}.{ 103¾  105¼ 105¼ 105¼ 105¾  x01% 102¾ 101% 102¼  105}.( 106¾ 105¼ 103¼  x02¾ 102¾ 102 102½  106¾ 107¼ 106¼ 107¼  102¼ 1os-}a 102~.{ 103¾  124¾ 125 124 124¼  106¼ 107¼ 106¾ 107¼  102½ 103¾ 102½ 103¾  x Of>¾ 106¾ 105¾ 106¾  103 104¼ 103 104  x21¾ 122 121~ 122  Sept.  1'1ar, :  1867.  - - - - -- - - - - - - - - - ---  .July. x99¼ 100 99¾ 100  107 107½ 105½ 106¼  Feb. Opening ....... Highest •.. ..... Lowest •••••.. .. Closing ....... . I  5-20s.  ':  . .  Closing ...... ..  106¾ 106% 105¼ 106¾  102¼ 102¾ 102 102¼  102½ 102½ 102¾ 102¾  106¾ 106¾ 105% 106¾  . . ..  ....  .... . ... .... ....  106½ 107½ 106H 107½  .... .... ....  . ... .... . ... ... .  ....  107¼  .. ..  . ...  . ...  Apr, Opening ...... . Highest ..... . Lowest .. ...... . Closing ....... .  ....  ....  lUay, Opening ....... . Highest ....... . Lowest ........ . Closing ...... ..  . ..  . ...  .June.  ':.  107% 107¾ 107¾  I  Oct.  ....  . ...  . ...  Nov.  Dec .  123 123 123 123  1880.  I 6~. cur-  Coupon Bonds.  I --- ---  Coupon B ond s .  I 'if'.~~•.  5s, 1881. 4,½s, 1891. 4s, 1907. 1  6s, l&'ll. .  6s, 1881. 5s, 1881. 4½s, 1891. 4s, 1907. - - - - - -· - - - - - - - - ----  ------  .January. Opening.. .... ... . .. .. . . .. .. .. .. x Highest .............. . .......... I Lowest.. ....................... Closing. .. . . . .. . . . .. .. .. .. .. .. ..  .July, 103¾ 10-! 103¾ 104  HM¼  10.J.% 104¼ 104¼  I  106:kl 107¾ 103¾ J 07¾  x 103 104~.! 103 104½  10,~ 109¼ 107'7~ 10 ¼  105¼ 107¼ 105 106¼  108 108½ 107½ 10'3½  106¼ 107¾ 106½ 107%  Opening ... . . ................... Highest ... .. ................... .'. L owest .......... . .. .......... . . Closing ...... .. ................ Opening . . ............ ........... Highest .. .......... .... ........  Opening ....... ········· ··· ···· Highest .............. . ......... Lowest ............. Closing ...................... ...  Feb1·uary, Opening........................ Highest ...... .. ..... .. . ...... .. . Lowest ..... ....... ............. Closing ......... . .. ............. 1  ··············1  X  103 103% 103 103),,S  126 126 126 126  Opening .... ...... . .... . ... . .... . Highest ..... . . ........ ... . . ... . LowPst .. .. . .. . ... ..... .......... Closing .........................  103½ 103½ 103 103¾  105¼ 106¼ 103%  103¾ 104 103¾ 104  109 109¼ 108¼ 109  x106¾ 107½ 106-}s 107¼  103% 103¾ 103¾ 103¾  IOU% 110¼ 109¾ 110¼  xlOS¾ 109¾ 108¼ 109¾  104½ 104~ 104½ 104¾  x102¾ 102¾ 102% 102~  111¾ 111¾ 111¼ 111¾  109% 110¼ 109¼ 110¼  104¾ 104% 104½  110¾  104¼  102~t ]02¾ 102¾ 102¾  109 109  110),( 110~ lOfl¾ 108%  104~ 10-!% 104¾ 104½  102¾ 103 102½ 103  108¼ 110½ IOR¾ 110½  102 102 101¾ 101½  111¼ 112% 111¾  101¼ 101½ lOi. 101½  128 128 128 128  102¼ 103¾ 102¾ 103¼  109¼ 110¾ 108¼  107¾ 109 ]07¾ 109  X  110➔.!  October.  Opening......... .. .... .. ....... H ighest •............... . . ...... Lowest ... .. ...... . .. ....... , ... Closing .... .  106¼  Opening .......... .......... . .... 1 Highest ........................ Lowest ....................... ... Closing .. ... . ... ... .... .........  106¾ 107¼ 106¾ 106%  X  110¾  .Juue, Opening ...... . .. . .. ... . ......... High est .. . . ........ ............. . Lo west .......................... Closing . .. ........ . .. .. .. .....  104¼ 104¼ 103% 10-!¼  September.  105% 105% 105~ 105½  Aplil.  ~i~~·-- ........ .....  X  August. 105¼ 105% 105¼ 105¾  1Ua1:ch. Opening ........... Highest ................. .. ..... Lowest .... . ... ................. Closing .. .......................  6s,cur., 181!8. reg.  Lowest .. ... Closing.  ':N'~~~~b~~:.· .........  Opening ........................ . Highest .................. ...... Lowest ................ ..... .... Closing' .................... . . . ..  I  104% 104½ 104¾ 104¾  X  X  107,4 109% 107¼ 109¾  112  110 112¾ 1097A 111%  130 130 129~ 129¼  111¼ 112 111¾ 112  lll¾i 113% 111½ 113%  134 ]34 134 184  December, 106¼ 107¼ 106% 107¼   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  103¼ 103¾ 103¼ 103%  :x:109,~ 109¾ 109¾ 109¼  109 109½ 108¼ 109¼  Opening .... . .... ... .. . ......... . Highest .. ............ .. ..... ... Lowest ... . ....... : . ........ .... Closing .......... ...... . ........  104¼  104% 104¼ 104¾  UNITED STATES SECURITIES.  4-0  1S81. Coupon Bonds. 6s, 1881. 5s, 1881. 4½s, 1891. 4s, 1907.  - - - - - - ----- - - - ----  January.  101½ 101¾ 101½ 101¾  112 11~ 112 112¾  x112¼ 113½ 112¾ 1127~  101¾ 101¾ 101¾ 101¾  :xlOO¾ 101 100¾ 100¼  112~ 112% 111¾ 112¼  112¾ 114 112¾ 112:l{  102 102)4 102 102)4  101 102 1007~ 102  1119( 112¾ 111¼ 112¾  1127~ 114¾ 112¾ 114¾  Opening ........................ xlOl¼ Highest . ... ·················· 101¼ Lowest ...• ················· 101¼ Closing ........ ...... .. ... ...... 101¾  ..  February.  Opening ... . ......... . ..... ..... Highest .......... ... . .. . . .... .. Lowest ... ..... .. ............. Closing .. . . ........... .. .......  March.  Opening ........ Highest ..... . ... . ......... . ... Lowest .. ...... .................. Closing•... . •... . ...............  ··· ··········  X  April.  Coupon Bonds.  6s, currency, 189!:l, reg.  183 183 l83 183  6s, 1881. 5s, 1881. 4¾s, 1891. 4s, 1907.  ----- ---- ---- - - - - - - ---  July.  Opening ........................ Highest ... . .... .... ... .... ..... Lowest ......................... Closing .........................  Au~ust.  Opening ..... ..... .. .... ........ Highest ......................... Lowest ............... . ...... . .. Closing .....••.... ..... ......... 131 181 181 181  September.  Opening ......... . .. Highest ........................ Lowest ....... . ........... .. ... Closing..............  ······ ·····  ...........  October.  102¼ 108 102~ 102¾  •102:l{ 102¾ 101¾ 102  114¾ 114:ui 114¾ 114¾  xll";-~ 117¾ 115¾  102¾ 102¾ 101¼ 101½  102¾ 102¼ 101 101%  114¾ 114¾ 113¾ 118¾  116¼ 116¾ 1144( 115¾  101¼ 101¼ 1007~ 101  101¼ 101¼ 101 101¼  x: 118 llS¾ 112¾ 113¾  116 117:ki 116  Opening .. ...... ... . ......... . .. Highest ................... . .... Lowest ............ ······· ····· Closing ....... ······ ··· ··· ····· ·  102¾ 108'7~ 102¾ 103¼  102¼ 1027~ 102 :02¾  112% 114¾ 112¾ 1:4¾  x114 116~ 113½ 116¼  183 183 188 188  Ope ~ing ........... . ...... .... . . Highest ......................... Lowest ............... . .......... Closing ........ . . ··········· -·· ·  100¾ 101¼ 100¾ 101  xl0O¼ 102¼ ·102!1;  113 118 118 118  Openin~ .. ................... ... Highest ................ ··· ··· · Lowest. ........................ Closi.ng ....... . .......... .... ...  103¾ 106¼ 103¾ 106½  xl0l¾ 105 101% 104½  114:J,! 116½ 114¾ 116¼  116¼ 118¼ 116¼ 118¼  185 185 185 185  Opening ...... ................. Highest..................... .. Lowest ...................... . ... Closing ................. .. .......  101¾ 101¾ 101¾ 101~;  102 102½ 101¾ 102½  118¾ 114¾ 118¾ 114¾  Opening ..... .... ............... • 104 Highest .............. 104 Lowest ....... ··············· ·· 1027/4 Closing . .. ...... , ........... . .... 103  104¾ 104¾ 103 103¼  xll5¾ 115¾ 114¾ 115  118¾ 118¾ 117% 118  184 184 184 184  Opening ............ ......... Hi,zhest .... . .... . ... ......... ... Lowest ......................... Closing .. .. ..... . ... ........ .. .  May.  June.   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  .........  X  November.  December.  X  10Q¾ 101¼ 100¾ 101¼  99¾  ..J.Hl¾  117¾ X  lltl¾ 116¾ 115½ 116 ]16¼ 117¼ 116 117¼  102¼  xll8¾  117¾  108½  114¾  118¾  102¾ 108¼  118¾ 114¾  117% 118¾  STATE SECURITIES. P RI C E S  FR O M 1 8 GO  TO  1 8 8 1,  IN CL U SI VE.  The dealings in State bonds prior to the year 1860 were upon a small scale as compared with the transactions of late years. The debts of Northern States were created in large part for Wd.r purposes, between l 861 and 1866, and in many cases were greatly reduced by payments during the ten years succeeding the close of the war. The debts of the Southern States remained substantially the same at the close of the war as they were at the beginning. Amid the unfortunate and disorganized condition of affairs attending reconstruction, bonds were issued and endorsements were made for railroad8, in some cases with reckless extravagance. Discouraged by the heavy loadi; thus incurred, and claiming that fraud or carelessnesr:s had mueh to do with these enormous issues, some of the Southern States passed "scaling" laws, or have neglected their bonds and allowed them to rem ain dishonored, The Eleventh Amendment to the Constitution· of the United States provides that the judieial power of th e United States shall not "extend to any suit in law or equity commenced or prosecuted against one of the U11ited States by citizens of another State, or by citizens or subjects of any fo1·eign State." It is under the protection of this provision in the fundamental law of the land that States remain free from prosecution on their debts, and that State bonds become virtually obligations of honor only. In various ways the creditors of States have endeavored to bring suits for the collection of their debts, usually by bringing their action in form against a State officer, or by evading, through some other technicality, the direct suit against a State; but the United States courts have generally looked with disfavor upon such suits, and appear to be disposed to uphold the Eleventh Amendment in its full scope, so long as it continues to be a part of the Constitution. One of the suits W.3.S that of" Self vs. Jenkins, State 'freasurer of North Carolina," in which a decision was rendered in the United States Circuit Court of North Carolina, in Jun e, 1874, the opinion being given by Chief Justice Waite. In this action the facts presented a strong case for the bondholders, as they sought a mandamus against the State 'l'reasurer to compel him to reimburse the spemal tax fund from moneyi; in his bands from taxes for general purposes, and apply them to the payment of interest on the special tax bonds. The money collected under a special law to pay interest on those bonds had been diverted by an act of the Legislature, wllieh the Court admitted to be unconstitutional, but no subsequent law haJ been passed to replace such funds, and thu Court refused to order the Treasurer to reimburse them from other mon eys in his hauds collected for general purposes. It is pretty well settled, therefore, by this and other cases, that the courts of the United States will not entertain an action brought by a citizen, directly or indirectly, to recover judgment a!!ainst a State. The only practical method yet adopted to give bondholders a remedy against r epudiation by States, is that of making the coupons receivable for taxes, and when such a provision is embodied in the law under wt1ich the bonds are issued, it has been held in Virginia to form a contract with the bondholderi, which canuot afterward be annulled by act of the Legislature. 1S60 to 1~71 iuclu-ive. (Prices from 18Gu to 1871 a1c <;Olli.Viled from sales, anu since 187 1 from price1> bid ou l<'l'iday of eaelt week, at tlte N. Y. Stouk Excltango.J DESCRIPTION.  --~60.  I  1861.  Lowco:lt. I Ilighci:;t. , L11we,;t.  Higheist.  J8tk  Lowest.  _I  --  Highe1:1t. -  1863.  Lowe<"t.  Highe1:1t.  -1  l&ti5.  1864.  Lo~LIHighest.  Highest.  Lowest.  Ohio Cis. 1886 ......... rn,:¾ ,Tan. 113¾ Aug. 87 Dec. 1()9 l<' eb. 93 Jan. 115 Nov . . . . ................ . ........... .... ..... ...................... . Kenh1cky6s ......... 99 Dec. l0ti~i Jun'! 65 April 97 Jau. 7(1,¼JMn. 100 Dec. .. .... . .. .. ...... . ............... . ............... .. ........ .. 111., Int. Imp. 8tck. '47 llJO Feb. l 0fi¼ Oct. .. . .. .. . .. .. . .. . .. . .. .. . .. . . . .. .. . .. . .. .. . . . .. . . . .. . .. . .. .. . .. .. . .. . . .. .. .. . . ................ ..  rii:i:·i ~~~~(-~~~~~: ~~~~-~~~: ~~~-~~0: ·15::?~e :s~~:~~i>·t:.-~~~J:f· g~¾g:~: :::: ::::::: ::::::::::: ::::::::::: ::::::::::: ::::::::::· ::::::~:~~:  Indiana 5 per cent .. Michigan6perccnt... Tenneesee6perceut. Ten. 6 p. c. new brl s.. . Virgima6percent....  ,Tau 93 Ang. Mch.106 Ju ne Dec. 93 June .. .. .. . .. .. ... 73 D ec. 95 :Mch. 86  98 64  75 July. 9;3 April 75 Feb. 84 May ......................................... ....................... .. 77 D ec. 83,¾'Oct. 77,¾'Jau. 105 Dec. 34¼ June 77 Mar. 42 Jan. 6.j Feb. 57 "j~ii'.' .67,¾·M~y: '52 Jiiij: .64 ...Feb· '50 "Mar: 92 "·iiec.' ... , 36 April 81 Mar. 49 Jan. 65,½.Oct:· '49 ":o'ec. '75"'.F~b.' '47 "jaii. '154 "sept: '5o'"jai1.· 'ia"'NoT.'  ~~-c~f~1fn~r;~~-s ... ..77,¼.Dec.' ioti"sept. 4,i'"j~~-e 82,),iFcb' 'iio"'jan·.· '74'"jiiiie 53' 'n'e·t· 20 "idar. '49"'jaii.' .63 .. Aug: 59"'jan·: 'sf"iiec.' ~: 8: tt sji'e~i~f ~~!: :::::::::: :::·.. ::::: ::::::::::: ·::. ::::::· ::::::::::: ::::::.. :·: .::.::. :· :.. .... ·:.. .. ·.... ·.. .. .... · .. · .. ··...... · .......... · Mi.e~o~ri 6 per cent... 61 Dec. 84¾ June 35 May ·1 72 Jan.140 Jan. 56¼ Feb. fi9¼ De·c.· 75 "May ·. 'iio" ·oci: .irsjiAprfl 51 "'ii.~r _. '79" ·n~c.' Loms1ana 6 per cent.. 94 Jan. 99¼ Oct. 45 May. 77¼ l\1ar. 59 Jan. j 70 Mar. !'i5 Nov. 0  Califor11ia7percent .. 82 DESCRIPTION.  Jan.  8ept.  71½1'tray  Highest.  Lowet:>t.  ~R  Jan .  1---~~---- ~ --L owest.  Tenn. 6 per cent . · I 84 Mar. Tenn. do. ue,v bd1,.... . .. .. .. .. .. Virginia 6 per cent .... 60 Nov. Va. do. new bds.. .. .. .. .. . .. .. . N.Carolina6peri:eut. , 73 Nov. N. C. do. new _bds ... I . • . . . . . . .  :i~~i~il~:~  !15  1  Lowest.  1868. Highest.  80 Mar. 52 Aug.1~9.¾(Mar 123  . 1869. -Lowest. Highest.  100 June x61 Jan. 70¼ July. x59¾ Jan. 78¼ Juue x49!,( Dec. . .. .. . .. . .. . .. .. .. .. .. . . . .. . .. .. .. .. .. .. . .. 40¾ Dec. 72 Ja 1· . 41 :Mar. 60 Jau. x43¼ Jan. 60 May. x47 Dec. . ... .. .. .. .. .. .. ... .. . .. .. .... .. .. . .. .. .. .. . ...... 49 Sept. 88 Jan 45 Mar. 60,¼July.x50 Jan. 79 Junex40,¾'Dec. . .. . .. . . ..••••...••...•...... ...................... 27 Nov.  ~!1~~:i-71 ..Mn~.' ·gaj,i'D·e·c.' Lo~1sian.a 6 per cent .. I 80 Jan. 100 Sept. Cahforma '1 per cent.. 106 April 120 Oct. 1 Co11oecticutlis. . . ...................... Rhode bhmd 6i!.. .. . . .. ..... ........   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  Highest.  76,¾',Jan. 116½Dec. 114  ·sii~i-~ia'~.' 80 115 98¼ !l9  Feb. Jan. Jan. April  106 l:lfl  12.o;; 102 100  Feb. 75 Jim. 167  .April 60 Aug.112  - - - 1870. Lowest. Highest.  Jan. x52¼ Jail. 69,¼ Jan. 45¾ Mar. 59¼ Jan. x48¼ Jan. 63¼ Jan. 57 Jan. (i6¾Ja11. x40 Jan. 64 Jan. 20,¾ Dec. "iO  "j-~;1;,·. ·s4 ...No;. ios ...Fei>.' ·s5"'seiit. 'iliij.i'jiiie 'si;  70 68¼ 76 73 55  July. July. Mar. Mar. Jn!r, 36¾ Jnl •  Feb 80 May.. 155  Dec Jan'.  1871.  Lowest-.-H-i-gh____ ___-st-_  ,  11  ,  61 Dec. f\1 Jan. 59 . Oct. 60¼ Feb. ;,1 Dec. ',1ti¾ Dec.  ~~¾f~:  76 76¼ 74 75  Ang. Au~. Apn.l May. nl¾' Feh. 29¼ Feb.  21½ Feb.  "j~~~- '95 "j~O!l¾ July. . . .. . . .. . .. .. .. .. .. . . . .. .. .. . . . .. . .. . . . ........... . DPc. J128 Doc. 13-l Mar. .. .. .. . .. .. . .. . . .. .. . . .. .. . .. . .. .. .. .... .. .. ................... . Sept. .... ........... . .. ...... . . ......... ....... . .. J tm. 1 .  :Mtti·. 1 . .. . . ..  . .. . .. .. .. . . .... . •  .. .. . .... . ..... .  STAT.E SEUURITIES.  42  18"'2 to 18?'.,-, Inclusive. 1877.  ' 1876.  1875.  1874.  1878.  1872. DESCRIPTION i.owesi.  Alabama-5s, 1886 . . . . . . . . . . 8s of 1888................... Arkansas-6s, fund.......... 7s, L. Rock & Ft. Smith... California-7s ................ Connecticut-6s..............  ,  Lowest.  Highest.  Lowest.  80 Aug. l'l0 Jan. 45 Aug. 82 Feb. 40 8 40 Nov. 57½ June 25 June 40 Feb. 5 50 Aug. 60 Feb. 15 Nov. 27 July 109 Sept. 115 June 101 Dec. 116 June 110 98 Jan. 102½: Dec. 97 Oct.. 102¾ June 97  ~ i!t ~~-r~~i;-:~~::::::::::::::::::: 8  i~~E~~~:'..is ~~'..~~-~~.~~:::: L ouisiana-6s, Levee........ Mi~hf~~~~oii"."i883::: ::: :: :: : Missouri-6s, long . .... .... . .. NewYork:-6s, bounty.coup No. Carolina-6s, old, J. &J. 6s new, J. &J .... .......... 6s'specialtax ......... .... . Oh10-6s, 1886........ . .. .. . .. Rhode Island-6s . . . . . . . . . . . South Caro!ina-6s........... 6s,J. & J ....................  Highest.  -------------------55 Mar. 62½ May. 45 July 57 Jan. 25 Jan.  ·91('Yan·:  50 Oct. : : : : : :: :: :: : 91% E<e. pt. l05¾Oct. 30¼ May. 15 Jan. 10 Oct. .. .. .. .. .. 1,9 Jan. 40 Apr. 23 Sept.  iz  ~!1y. ~g ~g;: ~~ :~~ ~  io1··July. 67¼ Apr. ·: ::::: :::: · 97¼ June 109 May. 38¼ Mar. 23 Mar. 16 Mar. .. .. .. .. .. .. 102¼ June 56 July. 39 Mar.  Apr. Sept. Aug. Jan. Jan.  1:~:  fa°;· 188 ~~:. i~l•!d~fy. ~g 50 Jan. 55 .Aug . 15 June ·s5.. ·No·v: ·os· .M.ay· ·04· ·Yan·: 85 Oct.. 96¼ June 92¼ Aug.  103 Nov. 20 Oct. 14 Dec. 5 Nov. 99 Nov 98 May ~2 Nov. 8 Nov.  June 83\.,z Jan. 19 ·Jan. 17l1!June 107 Apr. 101 M ,r. 40 Jan. 22¼Jan. 108  103½ Jan. 18 Ju ne 10 Au". 5 Sept. 100 Jan. 97 Jan. 20 Apr. 6½ Jan.  ~~t ~¾~~~: T!:in!-ss!~s:oici :::·:: ::::: ~~i~: 6s,new .... . ......... . ....... 63¾Jan. SQ¼Dec. 62¼Nov. 85 Mar. 67 Oct. Virginia-6s, old ......... . ... 42 July. 56¼Feb. 3'3 Oct. 47 Feb. 28 June 6s, consol.................... 50½ July. 59 Mar. 44 Oct. 567,( Mar. 49½ Jan.  DESCRIPTIO~.  - - - - --  ~Sx;tfc: ~¾:i~·.  Highest. ~west.  Lowest.  Dec. 25 July. 25 :Mar. 20 8 Jan.  41½ Jan. 26 Dec. 42 Apr. 26 Jan. 88 Dec. 25 Mar. 17 June 8 D ec.  Jan. ,Jan. June Dec.  Highest  Lowest.  Highest.  48 No 48 No 30 Jan 10 Jan  Jan. Jan. July Aug.  Nov. 82 84 Apr. 82 45¼ Feb. 15 2 18 Feb. 35  iis··Nov: ioii"oct:· iis .. Jun ~~6.° }g~ 1~: nz 'tf;l. io5"J'aii: IM80 Deo. 80 Jan. 96 Sept. 91 Aug. 97 Mar. 98 Feb. l0~sJul  92 Dec. 88¾ Jar.. 102,½ June 99 Jan. 1~ 1~ .... .................... 104 Dec. 101 Jan. 98¾ Dec. 94% Jan. 110 May. 105¼ Jan. 29 Jaa. 15 Dec. 7 nee. 21½ Mar. 1 Aug. 11 ~ Feb.  i!~:  :g~:  Jan. 109 Jan. 108  100¾ Jan. 107½ June 103 100 July. 104 Dee. 100  104 Dec. 104 Dec. 1~ ... ........ 107½ Oct 102!}4 June 109 June 27 Jan. 16 Jan. 4¾ May  103 Aug. 101¾ Jan. 102 July 13 Sept. 5 Oct. ¾ Aug.  107 Apr. 108¾ 8ept. 105% May. 18½ Nov. 9 Jan. 87-{ ]'eb.  101 July 104¼. Jan. 101 Jan. 15 Oct. 6 Oct. 1 Aug.  85 July 85½ Dec. 78 Jan. 77¼ Jan. 40½ Oct. 76 Dec.  30 June 30 June 40~ Dec. 40 Dec. 22 Sept. 78 May.  37~ Feb. 87½Feb. 49 Aug· 49 Aug. 37 Jan. 78½ Nov.  80 Aug. 80 Aug. 86;-,. Dec. 85 · Dec. 80 Jan. 62¼ Dec.  rn~ 1:~: l~¼ ~~~~· 1gg i~: m ;,~!: mg ggt mi½ ~:r Nov. 26 Sept. 85½ Dec. 80 June 40 Nov. 82 Jan. 30  31 Dec. 80 Dec. 91½ Mar. 91½ Mar. 42 - Jan. 58 Dec.  27 26 62 62 80 55  Aug. Sept. Feb. Feb. Feb. Jan.  --  Mar Dec  1~¾ ~:i. 1gg :f!~: 1~ ~~ 6 B:g: 1g~52½ t~l: Dec. • 69½ June 50 Jan. 88¼ May  107 Jun 108¾ Jun ::.013' Feb 23 Jan. 12 Feb. 8½ Jan.  m¼ ii~ 45 Apr 45 Apr. 44 Apr. 4~ Nov ~ Nov 84 Nov 83¼ J~n  Au~~~  SEP:'.:.~_rn'R OcTon~ NoVJC.I03ER DBo~~.a ~AY:__ _:UN~ juLY. -~RIL. JAN-~RY.IFEB~~A~ Low.High . Low.High. Low.High. L·,w.High. Lo w High. Low.High. Low.Hiuh. Low.High. Low.High. Low.High. Low.High Lovi .High  - - - - - - - - -- - - - - -  I  .to - 40 41,¼- 43 39 - 40 Alabama 5s, 1883 . . 41½- 43 40 - 40 5s, 1886..... ...... 39 - 41 42 - , 3 40 - 40 8B, 1&;6 ..... , .. . . . .. 39 - 40 42 - 4i:I 40 - 40 8!!, 1888 .. . . . . . . .. . :j9½- 40 8s,M.&E.RR 5 - 5 5 - 5 5 - 5 Ss, Ala. & Chat RR 20 - :10 20 - 20 8 , 18112. . . . . . . . . 20 - 20 20 - 20 20 - 20 20 - 20 . SA, 1893. . . . 18 - ~0 Arkanea~ 6s, funded. 2.53(- 26½ 22 - 23 3 - 4 3 - 4 7s, L. R. & Ft S. ies. 4 - 5 3 - 5 4 3 G 4 7s, Memnh & L. R. 3-4 3-4 7s,L.R.P.B&N.O. 4 - 5 3 - 4 3 - 4 7s, M. 0 . & R. Riv.. 4 - 5 3 - 4 4 - 4 7s, Ark. Cent. RR.. 4 - 4 ... 105 - 1t8 105 -103 108 -108 Connecticnt 6s Georgia tis ........ . 100 -101¾ 9f:¼- 99¼ 99¾-100 'it!, new. . . . . . . .. 114,¼-105¼ 10 · -106¼ 107 -108½ 7s, endorsed .. ...... 101 -104'4 104 -105¾ 104½-l0'i½ .o·,¾-106.¾ 105.¾-lOti 106 -107,½ 7s, gold . . . .. (10 -101 100 -101 Illinoi;16s, '79, coup .. 100¼-103 101 - !03 100 -101 100 -101 . .. war l01m 00 -lut 100 -101 ae tncky 6s. .... . 55 - 57 5fi - 56 Lonish1 na 6s . . . . . . . . 55 - 56 55 - 57 56 - 5ti new bonds..... . .. 55 - 56 55 - 57 56 - 56 6s, mw ft ua t debt. . 55 - 56 55 - 57 56 - 56 f.5 - t8 7B, penhentiary . 55 -57 56 -56 6s,1'1veeb 1 nds ... . 55 - , 6 55 - 57 56 - 56 Sa. levee bonds..... 5'> - 56 55 - 57 56 - 5o SB, l evee bo nds, '75. 55 - 56 .. . .... .. . . . .. .. . Ss of 1910 . 7s, consolidate<l... 80}.i- 83¾ 81¼- 84.½ 77 - 83¼ 76 - 81 81 - 81 7s, small ... ... . .... 79 - 81 Michigan 6s, 187!-I. . . 00 - Ito 100 -100 100 -101 .. . . ... 101 -105 102 -103 104 -105 6<', 1~s3. 7s, 1890 . ...... . .... 111 -111 l 12 -113 110 -113 Missouri 6s, due 1878 100 -lil0 100 - 100 100 -101½ 02,¼-104 102 -1l2½ 103 -103 6o1, 1882 or 1883 6s. 1836. ... . ..... 101 -104¼ 104,¾-105 lU~,¼-105 6B, 18 7.. . ....... ,04 -1041<, 104,¼-105¼' 104¾-105 . ... 104½-10~,¾ 104¼-105¼ 10 1¼-l0 ,,¾ 6s, l t-88. 05 -10ti 105 -106 ts, 18,9 or 1890 . . . 104¼-105 .\.Fy. or Uni., '92 ... 105¼-lllfi¼ ·05 -105 ½ 105 -105¾ fudg, due '!l4 -'95 .. 107 -1117,½ 101 -108½ !08 -10>;½ Han. &St.Jo•., 'Sti. 103,¼-104 103 -104 103 -104½ Han. & Sr. Jos, '8 103¼-ll.4 lv3,¾-104 103 -104~~ NewYork6 •,gld,reg ..... - . tis, gold, con p, '87 .. .... 6s, gold. coup, '91 . 115¼'-116 · i5¼-116 . 1iii' -1is" · 6s, gold, coup,' 1:1 . 115~-116 1151,{ -116 ! Hi - 117 6s, gold, coup, '9:J 1!/i}4-116 1151(-116 116 - 111 N. Caro tis, old, ,J&J . 15 - 17½ 16¼- l'i¾ !5 - 15 3,.( 6s, old, A&O ... .. 15 - 17½ l ti¼ - 17.¾( 15 - 16 65 - 67 65 - 70 6s, N . C. RR., J &J 70 - 70 65 - 67 65 - 70 6s, N. C. RR., A&U -;o - 'iO 45 - 48 51 - 51 6s, coup. off J ,\ J.. 50 - 51 45 - 48 51 - 51 6s, coup. off, A&O. 50 - 51 9½- 10½' B¼- 10 6s,funding act. H66 9½'-· 10 8,¼- 9 6s, funding net, 186R 9 - \l,¼ 9 - 10 8 - 8¾ 6s, new bonds, ,I &J 7 - 8½ 8½- 9 8 - 8¾ 6s, n ewbond ~. '-&O 7 - 8½ 8½'- 9 2½ 2,J,i2¾ 2 2 2 Special 1ax, class l 2 - 2¾ 2 - 2¼' c'ass 2. 2 - 2 do 2 - 2¾ 2 - 2¼ class 3. 2 - 2 do Ohio 6s, 1831 ........ 10 i,¾'-104 104 -104 10-t - 105 105 -,06 106 -109 108 -109 Ohio 6s, 1•81:i.. . . . Rhodelsland6s ... 105 -Ito 105 -08 108 -. 12 40 - 41 40 - 41 l::!on h Ca olina6s .. . 40 - 41 30 - 30 30 - 30 30 - 30 6s, J &J . . . . . . 30 - 30 30 - 30 6s, A&O . . . . . . . . . . 30 · 30 30 - 30 30 - 35 6s,funditgact,18tIB 35 - 36 40 - 42 40 - 41 6s, land C , '89, J &J 40 - 41 40 - 42 40 - 41 6~, ltt.nd C , '89,A&O 40 - 41 30 - 30 7B Of 18 ,8 • . . . . 30 - 32_½ 30 - 35 1 - 2 ¾- 2 Non-fundable b'ds. 2 - 2 36 1~ - 38¾ Tennessee 6s, old. . . 33½ - 38¾ 36!,,(- 39 35 - 36 6s, new . . ... . .• . :- 3 ',(- 37½ 35!(- 37 35 - 35¼ 6s, n ew series ... .. 33 l,z - :37½ 35 - 37 25 - :29 Virgin. a 6s, old...... 30 - 3 1 30 - 31 30 - 32 30 - 31 6s, new, 1866 . . . . . . 30 - 30 au - 31 30 - 32 . . . 30 - 30 6~, new, 186, 67 - 70 6 i - 67 61.1, consol. bonds.. . 67 - b7 6s, ex-matured coup 54¼- 571/. 55 - 56 - 56¼'- 58 31 - 37 40 - 41 6s, consol. 2d serie11 40 - 40 6s, deferred. . . . . . . 4½- 47.; 4 - 4¾ 4¼- 4¾ Dist'ctCol. 3·65s, 19M 75¾:- 77½ 76½- 'i7¾ 74¼- 76¾ 75¾- 'i6¼ 7n¾:- 77 ... 7o - 76 Small bonds Regis ered bonds.. 75 - 7 3 , fl - 77}( 75 - 76   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  I  ~AR~~  i~  Highest. 39 45 85 23  43 4'l%4 ¼43 '4 -  43½ 43.½ 43.),§ 4319  5 - 5 20 - 20 20 - 20 20 - 20 4 - 5 4 - 5 4-5 4 - 5 4 - 5 108 -109 1(,Q -100\( 108 -108.¾ 107!-{-108 106 -107¾ 101 -101.¾ lOl -101½ 101 - i0l 55 - t6 55 - 56 56 - 56 55 - 56 55 -56 55 - 56 55 - 56 10 - 10 14¾- 76¾ 73 - 75 101 -103 1N -104 110 - ! 13 101¾-101¾ 102 -11 3 l1J3,¼-104 104 -104l,( 104¼'-104 !<; 104.¾-,05½ l l 5 -105 108 -108¼ 100¼-10~ !CO -103  - - - --- - - - - - - --- - - - - - - - - - - 43 .J3 43 43  -  43~ 4:3½ 43}§ 43.½  6 - 6 20 - 21 20 - 21 20 - ~5 4 - 5 4 - 5 4-5 4 - 5 4 - 5 109 -103 100 -100),( 108¼-109¼' 103 -103½ 101 -107½ 101 -102 101 -102 161 -102 54 - 56 54 - ri6 54 - 56 54 - 56 5! -56 54 - 56 54 - 56 10 - 10 73 - 78 75 - 77 101,¼ -102 103 - 104¾ 108 -11:-l 101½-102 102,¼-103 103 -105 104,¾-l0n:\( 10:i,¼-105¾, 105½-106 105 -107 107,½'-108¾ 103 -104½ 103½-104¾ 113 -114 114 -114  4~½43½13¾43.½-  44 44 44 44  6 - 8 20 - 20 20 - 20 22 - 2~½ 5 - 5,¾ 5 - 5¼ 5-5.¾ 5 - 5¾ 5 - 5¾ 108 -109 100),(-101¾ lU!J,¼-109½ 08¼-108½ 107Ja-108 102¾-103 102½ -103 102¾-103 50 - !i2 50 - 52 50 - 52 50 - 52 50 -52 50 - 52 50 - 52  43 - 43¾ 42 - 42.½ 13 - 43,¼ 42 - 43 43 - 4:-lJ' 42 - 42~ 43 - 43¾ 4!¾ - 42½ 12 -13.½ 9 - 10 7 - 8 20 - 20 20 - 20 20 - 20 20 - 20 20 - 20 20 - 20 20 - 21 21 - 22 20 - 20 4 - 4¼ 4 - 4 4 3 4 - 4Ji 4 - 4 3 - 4 4-4¾ 4 - 4 3-4 4 - 4¾ 4 - 4 3 - 4 4 - 4½ 4 - 4 3 - 4 107 -108 106 -108 107 -108 100 -100.)4' 10ll -100½ 10-2,¼-102,¾ 107½-108 107,½'-108 106 ~ -107 106½-107 ,Oi' -108~ 105¾-106.½ 107 -108 107 -108 106 -10s 101 -101.½ 101 -102 100 -100¾ 101,¼-lO;t 101 -102 100 -JOO,½ 101,½-102 101 -102 100 -100¼ 50 - 50 50 - 50 50 - 52 60 - 50 50 - 50 50 - 52 50 - 50,¼ 50 .- u3 50 - 52 50 - 53 50 - 51 50 - 52 50 -53 50 -50 50 - 52 50 - 53 50 - 50 50 - 52 50 - 53 50 - 50 50 - 52 . . ..• 74 - 77.¾ 'iO),(- 73¼ 'i~¾- 74¼ 74' - 74¾ . . . . . - .... 69 - 71 73 - 75 100 -100¼ 100 -101 10 ½-102 101,¼-10!.½ 103 -101 102 -104 74 104 -104 101 -105 108 -109 l 10 -110 111 -11 I 115 -115 100 -100 100 -100 100 -101 101 -101¼ 101 -101½ 101 -101 101½-102 102 -103¼ 103 -104¾ 102 -'04lt( 102¼-102¼ 103 -105½ 103¼-104½ 102).4-104),4 102½-103,¼ l0 3¼-1f6 101 -105 102~ -105J,( 102)2-103½ 104 -100,¼ 104 -106 102½- 1 04½ lOlJa-103.½ 104).(- .0ti,¾ 104 -104½ 103 -104 :03 -101 104 -105 l t14,½-105 105 -ltl'\ 104 -106 106 -106 103 -103¾ 102 - 103~ 102½-103¼ 103 -103¾ 103,¼-103,¼ 10-2 -103,½ 102¾-10:-l½ 10:~½-lOl¾ 113 -113¼ 113 -113 113 -113 113 -114 113 -113lr( 113 -113 113 -113 113 -113 120¼'-12U¼' 120 -120 121 -121 121 -122 120 -120 121 -121 121 -122 ... 121 -.122 ½: 120 -121 ln -HI 121 -122 14¼- 15¾: 14 ¾- 163,;\' 6½- 16,¾ 16 - 16½ 14,¾- 15¾ 14¾- 14¾ 16 - lh¾ 16 - 16,½ 74 - 74 71 - 75 70 - 70 70 - 70 74 - 74 ;1 - 75 'iO - 70 70 - 70 54 - 51 M - 50½ 52½- 54 50 - 50 54 - 54 50 - 5'l½ 52½- 54 50 - 50 i} - 9 8'{- 9 9 - 9,¾ 81,{- 9 9 - 9 8.½- 9 8 - 9 9 - 9 8½- 9 8 - 8½ 8 - 9 8½- 9 8¼- 9 8 - 8.½ 8 - 9 8 - 9 2 - 2 2 - 2 2 - 2 2 - 2 1¾- 1½ 1½- 1½ 2 - 2 2 - 2 1¾- 1½ 1 - 1½ 2 - 2 i03 · -104 l04 -101 104 -105 104 -105 106 -106¾ 106 -106 106 -110 10~ -110 112 -112 110 - :1 0 108 -110 107 -08 40 - 44 44 - 44 44 - 44 44 - 44 25 - 28 27 - 28 21 - 30 30 - W 27 - 27 20 - 30 30 - 30 23 - 30 27 - ,' 0 27 - 30 30 - 30 30 - 40 40 - 41 40 - 42 40 - 40 30 - 40 40 - 41 40 - 42 40 - 40 30 - 32 32 - 32.½ 31 - 32 30 - 35 1¾- 1¾ 1¼- 1¼ 1½- 1¼ 2 - 2 33 - 33¾ 33 - 34 31 - 35 35 - 36 31¾- 31¾ 33 74 - 33¾ 31¼'- 32 33½- 34 29,¼- 31,¾ 33 - 33.½ 33½- 33,¾ 31¼- 32 20 - 24 ~4 - 25 20 - 21 20 - 20 22 - 25 25 - 25 20 - 21 20 - 20 ~o - 21 25 - 25 22 - 23 20 - 20 70 - 72½) 70 - 72½ 72 - i3 70 - 72 54.)4'- 54¼ 52 - 54.½ 53 - 55 55 - 57 25 - 28½ 28 - 28.½ 29 - 31¾ 30 - 30¼ 6.½- 6 5).(- Ii 4 - 5 4 - 4 80 - 83½ 79 - 81¼' 78 - 79~ 76¼- 'i7!w! . .. 77½- 77,¾ .. .. . .. 79 - 79 83 43 43 43 4:J  -  43 43 43 43  43 - .: 3½ 43 - 43½ 43 - 4'i½ 43 - 43)2 8 -12 8 - 10 20 - 'W ~0 - 20 20 - 21 3 - 4 3 - 4 3-4 3 - 4 3 - 3 107 -108 90 -100 107 -107¼ 106 -106½ 107 -lVi.½ 100,¾-101 100 -102 lOl -101 50 - 50 50 - 50 50 - 50 50 - 50 50 -50 W - 50 W - 50 0  70¾- 80,½ 69½- · 9 10-2~-102¼ 104 -104 110 -110 l0~½-102,% 103½-104 106 -106 1t l06¼'-106.½ 106,¼-10614 106½-107 1U6 -107 !('7 - 109 105 -lOfi!,£ 105 -1 06,¼' 1:2 - 111 114 -115 .... - .. .  .. · · . 120 -120 120. -123 .. ti7. -120 16 - 16½ 16l9- 17 15¾- 17 16 - 16½ Hi¾- iii¼ 16½- 17 70 - 70 70 - 70 68 - 70 70 - 70 70 - 71 68 - 70 f:>O - 50 50 - 51 48 - 50 50 - 50 50 - 51 48 - 50 9 - 9¾ 9 - 9¼' 9 - 9 8½- 8¾ 8.¾- 8¾ 9 - 9 8 - 8,¾ 8 - 8.1-4' 8 - 8.¾ 8 - 8¾ 8 - 8¼ 8 - 8~ 2 - 2½ 2 - 2½ 2 - 2 1,;! 2 - 2¾ 2 - 2½ 2 - 2 2 - 2J.4 2 - 2½ 2 - 2 '05 -105¾ 104 -106 103 -10li 108 - 108½ 108 -109 106 -109 113 -116 115 -11i.J,,i115 -116 41 - 45 42 - 44 40 - 42 30 - 30 30 - 31 30 - 30 30 - 30 30 - 30 30 - 30 30 - 30 30 - 30 31} - :,o 40 - 40 40 - 42 40 - 42 40 - 40 40 - 42 40 - 43 30 - 30 30 - 30 30 - 30 2 - 2,½ 2 - 2¼ 2 - 2 39 - 3!1¼' 39 - 3 '¾ 36 - 36 35 - 35.½ 36 - 361,4 35½- 36 35½- 35.½ 35 - 35 35¼- 36 20 - 20 2:3 - 27 27 - 27 20 - 23 25 - 27 27 - 31 20 - 23 25 - 21 27 - 34 70 - 72½ 70¼- 75 70 - '?;3 58}1- 59,½ 58),,(- 60¾ 59 - 62 29 - 32'/2 25 - 25 30 - 32 4!,{- 4¼ 4 - 4¼' 4 - 4¼ 74¾- 75¼ 76¾- F2¾ 83 - 84 .. . 71,¾- 75½ 7d - 76 . . . . 76 · - 76~ .. . • - . . . 74 - 75  42 42 42 2  -  43 43 4.:3 43  20. - 20 20 - 20 21 - 22 3 - 4 4 3 3-4 3 - 4 3 - 4 107 -108 100 -100¾ 108¼-109¾ 107 -lv7½ 107 -108 IOt½- 03 :02½-103 103 - .03% 5·? - 50 52 - 52 52 - 52 52 - o2 52 -52 52 - 52 52 - 52  43 43 43 43  --  43 43 48 43~  101 -101¼ 10~½-110 08),(-109' 10s -109 103 -103 103 -103 103 -104 50 _ n2 50 - 52 50 _ 52 50 - 52 50 -52 50 _ 52 50 - 52 _ 69¼- 73¼ .75½69 - 73 74 - 74 102½-103 103¾-H 3¼ 104.¾-10 ·.¾ 105 -106 111 -113 112 -lH 102 -102¾ . . . _ .... 103 -103¼ lOt,¼-104¼ 104,¾-105,¾ 105½-105¼ 104¼-105¾ 105¾-105~ 105!,(-105¾ 106 -106:\( 105½-106¾ 106.x-106¼ 104 -105)<.; lO'i -106 1u5 -lO!J 108 -109 103½-104½ 105 -105 !03¼-104½ 105 -100 113 -114 110 -11~ 113 -115 113 -113 121 -124 120 -122 J21 -124 121 -122 121 -n5 122 - 125 153(- 17¼ ISM- 19¼' 14 - 17,,,, 18 - 19¼ 84 - 85 80 - et 8& 64 80 - 81 64 - 65 60 - 61 64 - 65 60 - 61 9 - !I½ 10¾- ll,\( 9 - 9¾ 10¼- 11¼ 9¾ 10¼'- 11 9 S~a- 9,l( 10¾- 11 2 - 2¼ 2),(- 2¼ 2 - 2,l( 1¾- 2 2 - 2 1,¾- 1 • 104 -105 102 -105 110 -110¾ 107 -111 107 -112 110 -112 25 - 25 20 - 25 10 - 10 5 - 10 10 - 10 5 - 10 5 -10 • 10 - 10 10 - 10 10 - :20 10 - 10 10 - 20 10 - 10 6 - 10 1¾- 1¼ l¼- 2 30 - 31¾ 3'.c3¼- 36 25¾- 28,!.( 29½'- 30 29,\(- 29'-( 25 - 28 2o - 27¾ 22 - 25 26 - 29 22 - 25 26 - 28 2-2 - 25 72 - 71 70 - 72 52 - 56¼ 55 - 55¾ 34 - 39¼ 29 - 35 6,1,(- 7¾' 7¼- 7¼ 77 - 77J,S 7 ?t(- 79 77¼- 77¼( ..•. - ..•• 78 - 79 77 - 77  is,-•.  43  STATE ~SECURITIES. 187'9. APRIL.  JAXU.4.RY FEBR'RY. i\1.A.RCH.  JUXE.  MAY.  AUGUST. SEPT'BER. OCTOBER. NOV'DER. D.EC'BER.  JULY.  DESCRIPTION.  Low. High Low. High Low. High Low. High Low. High Low. High Low. High Low. High Low. High Low. High Low. High Low. High  ::::: :::: &~f~~~.8.~.~.:::::: Class C ..........................  - - - ----- ----- - - - *~= *~¾ *~= *g¼ *8 = ~g½ ~ = *~ 52 - 58¼ 52 - 55 54½- 56 56 - 56 f : ~ f¼: 1~ 1~ : 1g 1~ : 1~ ~ : i i : ~ i : i i : ~¼ ~ : ~ i : ~ i = t i : i 7i  = -  7~ae~.~'fft~~~~s:::::::: 2g : 2f +:: erPf'k~l'J\c:: : ~ : i  r  +:: ~t~n~a~\?!ii~~:th:: ~ : i onnecticut 6s, 1883-1884.... 105 -106  105 -108 101½-102  105 -105 105 -105 104 -104 eorgia6s .................... 101½-102¾ 100 -100¾ 100½-101¼ 101 -101  +::~~rorsei:i:::::::::::::::: rn+ 7s, gold ...•................. 107  ~ ro55 -= ro56½ t½= *i54½-= ~ 56 - 57 56 2 - :r f : r~ f : ~ i : f f : l~A ~ : 1g 1g : 1~ i : i i: ! i : ~ i : i i: ~ !: g ~: l ! : i ½ : ! t : ~ i : i i : !i/2 t : 8 ~ : ! 105 -109 105 -107 106 -108 105 -107 105 -107 105 -107 106 -107  m8½:gg¾ 109¾-110 100 -100 100 -100 100 -102 49 - 57 mi =m  t68¼:n8¼ 110 -1101,1( 101 -101 100 -101 102 -102 48%- 58¼ =rnr  100 -102¾ 102¾-102¼ 99½-100  6s, 1887 ...................... 108 -104½ 6s, 1888 ........ . . ... ... ...... 108¼-105 6s, 1889 or 1890 .... ... .. .... 108¾-105½ Asylum or University ..... 108 -106 Funding bonds . ........ .... 105 -107 Han. & st. Joseph, 1886 .. . 102 -104 Han. & St. Joseph 1887 ... 102 -104 ew York Os, reg., 1887 ...... 110 -110 6s, COUPOI}_i...1887 ...... ...... 110 -110 6s, loan, 1=.................... -  105 -106½ 106 -107 105½-107 106 -109 .... - ... 104 -105 104 -105 110 -110 110 -110 - ....  103¼-104 103½-104½ 104 -104½ 104 -107 105 -109% 104 -105 104 -105 110 -110 110 -110 106 -106  101 101 102 47 t&r  108¼ 104 108¾-104¼ 104 -105 107 •107 108¾-108¾ 103¼-104 108½-104¾ ll0 -110 110 -110 106 -107  104¾-106),6 106¾-107½ 105¼-107 Hl7 -108 105~-107 107½-108½ 107 -110 108 -110 1.10 -112 111 -111 104 -106 106 -107 104 -106 106 -107¼ 110 -110 x106 -106 110 -110 xl06 -110 107 -109 x107 -110  gr4: t~  rn~  m:iif i~t  rn~  I  lM  rn rn rn rn rn rn rn rn rn =  i.i/0::::::::::::::::.:::::::  = m  1~~  85 28¾25 25 -  3::~:::½~L::::::::::::: ~g 6s, consolidated bonds . . . . 74  6s, ex-matured coup....... 6s, consol. 2d series....... 6s, deferred................. 1st. of Columbia S-65s.1924 S-65s, registered............  rn 10 1~¼ 41 24¼- 28¼ 24 - 28¼ 25 - 30  rn 10 1~ 80  rn 10 1~¾ 87 80½ 80½ 27  10 -  100 -100),<5  -112 •·100 -100 -100 89 -108  :ia8 -110 -100 -100 -100 - 44 -103  i&8½:m no -112½ 100 -100 100 -100 100 -100 41 - 46 108 -108¼  no 100 100 100  110 -111¼ 100 -100)/4 100 -100 100 -105 88¾- 45 108 -103  m  iM :}i~~ 102  =~ - 74½ 54 - 54½ 35 - 86 6½- 7¾ 79¼- 81¾ ~ - 80¾.  = : -  :ro  ~g 74 53½86 7¼79½-  74  = : -  10 1y ~  24 24 28  rn 10 1~ 84 28 28 88  10 1~ 35 29 28 ~  ~~ ~~  74 - 76¼  rn = rn  = : -  rn 10  = l~~ 1~* 89¾ 34 80 80 30½80 88½ 82½m 10  t77 t75 :t - 78  54¾- 57 56½- 57 41½- 44½ 40½- 41½ 41 7¼ 7 ..._ 7¾ 7¼- 7¾ 83¾ 8o;.{- 81¾ 81 - 8-!¼ 54  ~4- 83  80 .: 81¾ 84¼- 8-!¼  l& 40 88¾ 35-¼ 33 88 ~½  =~g - 80 56¼- 59¼ 89.½- 41½ 7½- 8¾ 84 - 88 84 - 88  :Igg  1& = 40 1g½: 33¼80½80 30½-  m m:m m  :gz m:gz  =m m7=m 121 -121 x117-121 117 -117 117 -117 25 - 22 22 - 28¾ 28 - 25 22½- 24 25 - 2o 22 - 28¼ 28 - 25 28 - 24 24½- 25 107 -108 108 -109 106 -109¼ 106½-109½ 100 -104 80 - 84 86¼- 89 88½- 89½ 86 - 89 87½- 88 107 -108 108 -109 107 -109 106½-109½ 100 -104 88¾- 89½ 87 - 89 86½- 88 80 - 84 87½- 88 O - 9 9 - ii¼ '7½- 9 - 7½- 7½ 7¾- 9 9 - 9 7½- 7½ 7¾- 9 9 - 9¾ 8½- 9 14 - 15¼ 18 - 18½ 18¾- 15¼ 15 - 15 15 - 15 lf½: 1~~ lf : 1~ 1~½: lg¼ 1~ : 1g li : li 4 - 4½ 4 - 4½ 2¼- 2½ 2¼- 21,,. 2f5: 8 2¼- 2½ 2¼- 2½ 2~ 2½ 4 - 4½ 8½- 4 -122  24½- 25  5i78  =~ - 78 57¾- 58 88½- 89¼ 8 7 86.½ 87¾ 86½- 87¼  18 = 40 1~ : 88 80½80½29 -  ~i 78  18 = 40 lr¼: 30 26½Z6½28 -  1s 40 1~½ 84¼ 82½ 82¾ 30)4  55¼.... 6½87¼86¼-  18 40 1~ 82 80 33½ 28  18 = 40 1~ : 30 26¾26!)-428 8  g  l8 40 1i¼ 80¼ 28 27¾ 28  ~+ -~ ~ =~~  =~~  :IM  rn  rn  rn  l& 40 1g¾ 85 82¼ 82¼ 31  100 100 100 100 40 108  :tif ½bi : i i f ½A& : t i f ½bg :ia~ =t~ -103½ 108 104½ 108½-104½ 108½-104¼ 105 -105½ 108 -103½ 108 -104¾ 104 -104¾ 108½-104½ 10[;½-106¼ 104 -105 104¾-106 105 -106 104 -109 106 -107 103½-104 104¾-100 106 -1~ 104 -105½ 106½-107 105 -106 105 -106 105 -10, 104 -104 105 -106½ 106 -107 107 -107 106½-107½ 106½-106½ 107 -107½ 102 -108½ 108½-104¼ 104 -104 104 -104 104 -105½ 102 -108½ 104 -104¼ 104 -104¾ 104 -104 104 -106 108 -108 108 -108 107½-107¾ 1~-109 107¾-10 107½-107;4 107:➔-i-~09 106 -108 108 -108 108 -108 106 -106 106 -106 106 -106 106 -106 106 -106  1ol :10! 1ol½:10!½10!½:1ol 1ol :1og¼x1~:10~ 10~¼:10~10§¼:10~10~ -10~~10! :10! 106½-108½ 105¾-108½ 109 -109 110 -110¾ x107 -110½ 107 -108½ 108 -110 110 -118½ 108 -115 lg~ :lg~ 1~~ :lgg lg~ :lg~½ lg~ :1i~ 1!g =li~ 1ig =1~~ 1~g :11g lg~ 1 = gg ig = t~ = = fg = ~g rn = rn = =  ~f;g;9-W~f:.~~~~~.~:::::::::10~ ~:1J 6s, 1886 .................... 106 -108 oh~ieJ:!~f1~:sas~~~~~.~:::: 1~g :i~g  f!~ts!!~t:l~~ .......-.-.:::: Land Com., A. & 0......... itoii~dableboi:ia.s::::::: ennessee 6s old............ 6s, new bonds . . . . . . . . . . . . . . 6s, new series.. . . . . . . . . . . . . . !rginia 6s, old.. . . . . . . . . . . . .  100 -100½ 100 -100  3~ i&i -  -104 108 -105 104 -105 104½-106¼ 104 -107 106 -108¼ 108½-104 103½-104 106 -108 !06 -108 106 -106  gz rJJ?=l~r 121  =t~~ =mi f~ =rn~ =rn~ -121 122 -122 122 -122 122 -122 122 -128 122 -122 18½- 19½ 17½ -19½ 20½- 22¾ 22 - 22½ 22½- 24½ 25 - 25¾ 17¾- 19½ 18 - 19½ 20¼- 22% 22 - 22¼ 22½- 24½ 24¼- 25½ 87 -100¼ 100 -100 100½-106 104 -106 105 -106),( 85 - 87 85 - 86 84 - 86 80½- 85 67 - .... 80 - 80 65 - 70 87 -100 100 -100 100½-105 104 -106 105 -106½ 85 - 87 85 - 87 84 - 86 80½- 85 80 - 80 67 - 80 65 - 70 8 - 8¾ 8¼- 8½ 8½- 9 7 - 8 10½- 14½1 7 - 8 8 - 10¼ 7 - 8 . 8 - 8¾ Sr-{- 8½ 8 - 9 10 - 14 8 - 9½ 10 - 11½ 12½- 18¾ 18n- 14¼ 14 - 15¼ 10 - 14 12 - 18½ lffi: 1~~ 1~ : lg¼ 1g : li . ~-~ : ~~ .... ~ : 10 8¼ 2 - ·2¾ 1 - 1¾ .. 1 - ·i · · 1 - 8½ 2½- 8¼ 2½- 8 1 - 8 1 - l½ 1 - 1 8¼ 2 - 2  . 1.;arolina 6s, old, J. & J.. . 6s, old A. & 0. . . . . . . . . . . . . . N. c. RR., J. & J.... . . . . . . . N. C. RR. coupons off..... N. C. RR.; A. & 0.... . . . .. . N. C. RR., coup9.!J.S off..... Funding act, 1866.......... Funding act 1868...... . . . . New bonds, J. & J... . . . . . . ~:,~~::idtt.it:. ~ .~::::::::: Special tax, class 1......... Specia.ltax,class2.:.......  99 -100  1 ~?~ = ~~~ }8~½:1&~ mi  :m½ -111½ 100 -100 100 -100 100 -100 i8~¼: 1  102 -102¼ 100 -108 102 -102¼100 -108 102 -105 100 -100 ii!½: iJ~ 1 1 1 101 -102  -102 -102 -105 : gg¼ 1 -101  101 -101 101 -101 101 -101 48¾- 52½ mt =rn~  rn~ A~~i*~.~~:?~~.:::::::::::: 7 105 -10:r 101"i-2:1os" · ta& =ia~½ tii :m g~½=fig½ f&g m½:iig½ :;J~?es,'iss2or·i888::::: 6s, 1886 ...................... 108 -104 104¾-106¾ 108 -104 108¼-104 108½-106 106%-107 103  i::1g~•1iiL::::::::::::: 6!!) Ioan:1898... ..... .. ...... 120  = *~ ~ = ~ 50 - 55 - 52  *l ri51 *~¼= 53 - 54  ng :ti6½ m½:nrn m¼:m½ ng Jm~ ng 108½-110½ 111 -112 112 -118 11074-111½ 111  =½8~ -108½ 100;)4-108 100¾-108 100 -101 60½- 67½ m~=mr  linois coupon 6s, 1879 ...... Warloan,1880 ............. entucky6s .................. ouisiana 7s, consolidated..  - - - - - - - -- - - - - - - - -  ---- ----  =~ - 58  *i58  gg  ~8 = 50 - 50  i  10~½:10! 110 -110 11i :lgg 1 g = r&  §s50  = : -  1g 34 81 - 88 26½- 331 f 30 20 26¾- 33 25 27 - 28 ~}i-  ~ -~~  ~~  =m 117 -117 25½- 28 25 - 28 104 -111 90 - 92 104 -111 84 - 92 9¼- 9½ 9¾- 9½ 15½- 15½ 1 1~ 1~ 4 - 5 8 - 4  oi:  x181:10~ x108 -109 114 -114  ~g 50 1g¼ 35 31 81 25  ·:r .  .  :~g 75 - 83 80 - 82½ 83 - 86 78 - 80 78 57¾ 57¼- 58¾ 58¼- 58¾ 59 - 64¼ 55½- 58½ 30 - 30 ....... - ........ - .. .. 31 - 83 5½- 7½ 7¼- 7¾ 5¼- 6 6 6 7 84½- 84% 84 - 84 88¾ 86¼- 86¼,· 84 - 84 84½- 85 •· 87½ 86 - 86½ .... - . . . . . . . . 1  2½81½- 82 21%- 80 29~- 30  is _20 ..  18 -20 75 - 75 50½- 5~¾ 25 - 2o 5½- ~ 1 85~. ~ 8514-  1880. DESCRIPTION.  JANUARY F.EBR'RY.  MARC~  -1.~~.  APRI~:...  JUXE.  JULY.  AUGUST. SEPT'BER. OCTOBER. NOV'BEll. DEC'BER.  - - - - - - ! • - - - - Low.High  Low.High Low.High Low.High Low ..~igh Low.High ~ow.High Low.High Low.High Low.High Low.High Low.Hi11:h 67½- 68½ 68¾- 69½ 68¾- 70,½ 72 - 78½ 57 - 57½' 57½- 58½ 58 - 59½ 5 ¼- 65 57 = 60 la.buna-CI. A, 2to 5, 1900. 54½- 60¼ 59¼- 62½ 62¾- 63 63 14 i~~ 3f= ig = ~~ ig = 91;~ = ~~}' ig¼: 9 1g = = = = = : ~i!~ss~s~~ ~/. f~~9:faoo 9 - 1L 8 • 7½ 8 - 8½ 7¼- s 2 - 5 8 - 4 5 - 5½ 5 - 5 8 - 8 5 - 9 6 - 9 7s, L. R. & Ft. S. issue..... 4 - 9 ~½- fi½ 9 9 8 - 8½ 8½- 9 5 2 ~ ~ 9 5 - 6 4 8 5 8 7 8 7s. Memphis &Little Rock 5  8l:::t:trti~a:::::::::::: ~i ~~  +:: ~-i;;: b: f-lt. Ii::.:::: J~n!~~c~r~i:afsf3~94:: . . : eorgia.-6s, 1880-86 ..... .. .. 7s, new bonds.1886 ........ 7s, endorsed, 1886 ......... 7s,gold bonds.1890 ........ linois-Coupon, 6s, 1879 ... War loan, 1880 ............. en~~cky~s8 ·· ······1--:t"9i,f ~~,:~~fioo  n3i.~~?. :: ..... :  ii S~ st : 8g½ ~l - ig : ia ~i I~½ J~ Jt ~~ : ig% 1~½1: ~ ~J n 8 ~ g : J g = 6 ~ : ~½ g = g~ g = g  ~~  ~  = xli5=10~ 101 -102 x107 - 110 109 -109 xll0-114 100 -100 100 -100 1 ~ -l~g 44 ::: 44  .ti If. i !  ii zr gJ : ii - i! i~ : ri¾ Is : rn Il ~ Jgn Ii½= rn IJ : ~g  I=i I=  8 _ 3 - .... 104 10~ :10i 1og·:10~½ 10g =10~ lOg ~log½ 10g 97 -100 100 -100 102 -102 100 -100 .... 9\J -101 99 -100 109½-111 110 -111 :!.09 -UO 10£%-110½ 110 -110½ 108½-108½ .... 109 -109½ 109½-110 109 -109½ 109 -109 109½-110 .... - . . . . . . . . 112 -118 112½-114 100 -111 109 -110 109½-110 110 -110¾ 110 100 -100 100 -100 100 -100 100 -101 101 -102 .... - . ..... . 100 -100 100 -100 100 -100 100 -101 101 -102 1 1 1 1 Xl¼-l~A¾ ~g¾-l~~¾ Oi' 46% 40 22¾-l~¾ ~~½-lg~¾ l~Q -l~ 44¼ . . . . 43 = 45' '1- 44'"-::: 44 45 ::: 40 4.r '1-::: 45 'l. 44½::: 50  =103  J½:::  -104 - .... - .... . ... •111 -  47 ..  -  .. .  ~½  105 -106 100 -108¼ 109 -109~ 108½-109 111 -112  ·;fr¼44  i~  ~¼ 106 =10~ 104 -106 109 -110 109 -110 xll0-xl12  49¼ ·48  - 45  ~  =  ~  10~ -107½ 106 -106 110 -110½ 110 -110 112½-114  ~  =  ~  107 -107¼ 106 -107 111 -112 110½-112 115 -116  49¼ 49¼ 5' 47 ::: 49  5h~ 54¼  109 -110 U0½-112  llOxi-111¼ 112 -ll8  44 ::: 44  50  = 51¼  f-t8J=m½ m =m m=m m=m m=m izg =m :::: = :::: m=m t~~ =m f~8 =m m=m¼ m=1?g J~~1i~r~~.~·.~~::::::::::: issouri-6s, due 1882 or '83 xl00-104 101 -101½ 101 -102 101 -104¾ 102 - 103 108 -104½ .... - . ....... - .... 102 -108 108 -108 104 -105 104 -105 rng~=m~ rn~~=m½ f~~=rni~ rn~=rn~½ mi½=rni¼ rng~=rng~ rng¾:rni m =f&J¾ m =mi¼ f~ -mg~ m =m~ iA~fi-1i~ {~t::::::::::::::::::::: g:: 6s, 1888 ...................... x04½- 06¼ 106:}.f-108 107<}.!- 1()8½ 107½-108>1.? 108 -100½ 108 -108 >1, 105½-105½ 107~-109 108 -109 108 -108~.i 108½-110 110 -111  6s, 188Q or 1890 ........... x05½- 06¼ 107:½-109 Asylum or Univ., 1802 ..... x105-108 110 -110  108¼-109 109 -llu  :OO -106  f~½:la~ 105. J.!a-107 107 -108 H · -107  116 -117  =m lB -118 110 -110  ~~~\i!1~ii~:r~~.0tJL ;rntrn~ ½&~~=ii~ Hannibal & St. Jo., l'i87 ... lxl02 -105½ 105 -100 ewYork-6s,go!d,reg . '87 Hhl -107 6s, coupon, 1887 .. .. ........ 106 -107  1~g g::ig:~:½ffl::::::::::::::: 6s, Joan, 1892 . ............. . 11B  =t~g -llC 6s, loan, 1893 .............. 116 -lld  106 -106  m=½~8 m llu -110  108½-109 109 -109  m  =iM 104 -106 107 -107 107 -107 f~ =m  118 -118  119 -120  107½-107½ 108½-110'-!; 100 -110 .... - ........ - .... 110 -111 1 1 1 =f~~ = ~~ .. ~~. .½= ~~~ 06½-107 ... . 106½-106½ 107 -108 1 · . . . 107 -109 107 -107 107 -lOi .... - :::: i08 -10 107 -109 - .. .. 108 -lo 107 -107 107 -:07 109 -110½ 109 -110 10 -110 109 -111  =m½ m-m  lM  m  =m 117 -11 119 -120  1M  l1l  fri -li,·· ···· _ :::: fri -Jff. .... 11 -118 11e -118 119 -119  ... - .... 120 -120  ii5 =1ff·  ll'i -119  120 -120  !08½-109 110 -111  ti~ 107 109 111  =iA~~ -107½ -111 -111  ½~~ =m 119 -119 l:&1 -12L  m:m  m~=½a~½ 10 -108½ 110 -110 111 -111 107 -111 111 -111 107 -111  i~~ =m 119 -120 122 -124  m  J~g 115 -120 118 -128  1~ :1?5 1i6 :1f~½ 1~ :1r~ 1i~ =1t/!i 1ig½:1~¾ l~g =1io 1i8 =1r◊'2 1¥8¾=1¥~ 1fk :1¥g 1¥s =1is 1rs :1¥~~ i·j~~'lt::i~~t-·/~::~~ ~110:1ri~ 9 i8 : i8 i8 : i8 ~g : i8 i8½: i8~ ·io¼- ii ¼ i~19 =- 19i~ i~19 =- i~19 i~19 :- 19~~ 19fi :- 20fg~ igg6~fg&t~: x ~½: ~~.½ f8 : i8¼ i8½: ii n::ct7 iu~~f 17 - 17½ 17 - 17½ 17½- 17¾ 18¼- 18¼ 18'.!- 19 17½- 18 16½:- 17 New bonds, 1892-98 ........ 15 - 17 Chatham RR...............  8  Special tu.x, class 8.........  = 8¾- 6½  5¼  ~~:g1:n:~: ~1:~~ P~~~~: :  ~~  4 -  4 -  5  4½-  i~= g~ 5½ 8½-  ~½=  4½  2½- 8½  2½- 2½  4½  = 8 - 3½  i8  ~ ~  ~~  ~~  = - 8½  ~p~~··t&h~~~?::::::::::::~io1:1oiido·1·½:102··io2 :1of'io2 :102½102½-103 6s, 1886 ...................... xl06-109 109 -109 109 -109 108 -109 106 -111 bode Island-6s, cp., '98-99 xl09-114 110 -114 114 -115 112 -114 112 -115 2½- 8½ 4½- '.I½ 8 - 8 . Carolina-6s, non-fd.,'88 2 - 6¾' 5 - 6 84 - 86 30 - 87 8fl - 87 ennessee-6s, old, 1890-2-8 31 - 88ij 86 - 87 1 8 ~~ ig : ~~~= .~~: ~~ : 22 - 22 20 - 28 22 - 24 24 - 27 irginia-6s, old............. 18 - 28 22 - 22 20 - 22 22 - 28 25 - 25 6s, new bonds, 1866-67 . . . . 18 - 20 80 - 82 73 - 80 75 - 80 75 - 75 6s, consol. bonds .......... . 75 - 75 51 - 53,., 53½- 54½ 52½- 54 40 - 52 6s, ex-matw.red coupons... 50.½- 51  g:: ~:: ~g:i"aI, P:1l~.-.  it~  2g~= 8g½ t:i~¥:~:eJ%t~J~~~::::::: 87 - 89¼ is.ofColumbia-3·65s,1924 7 89 .~. i:~~l~:ts~r§ii~~:~.~::::: Funding 5s, '99, registered .... -   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  t  im ~~ij: ~g½ ~~¾=  2~½=  2r 8g¼: 8~)8 2J : 8§~ 2~½= 2~ 9'3 - 94½ 90½- 93¼ 94 - 95 87~- 97 96 97 ~~ 18r =18f 18! =1~ ½ · - .. ...... - .... 104 -106  11_; : ..  2½- 2½  i8  i~  2.¼-  ~  2½ , ... - . . . .  ~~ ~  = 2 - 2½  100 :1os¼18~ :1Zf¼ 109 -112 109½-110 115 -115 112 -112 2½- 2¼ 8½- 8½ 86 - 86¼ 86 - 36  16Y :1Z~ l09½-109'-t 115 -115 .... - .. . . 38 - 38  ~l~1= 28~g ~g =~g  20 20 83 58!4-  23 85 61  18I¾:1~ 104 -105  2¾  i3  2  1½-  = 2 - 8  =  1 -  ~  ~  ~  2 -  4  3 -  5½  4)4  i~= 4¼-  g~ 7  t  1Zi :168½16~ :1Z~~16~~=18A -110 110 -110 110 -110 115 -115 115 -115 115 -120 2¼- 4¾ 8 - 8¾ 2¼- 3 42¼- 46½ 86 - 38 37 - 41  lOIJ  1g~ =1~½ 107 -110 115 -121 5 - 6 46¾- 50  ~~~ !½¾= !!½ ti½: ~l1 ~1 =- 25~r~ ~8~: ~~½: ~·~ 22 26 - 27 ~ 28¼- 82 26 - 27 24 - 27 22 - 26 90 - 91 90 - 90 59 - 59ni 50 - 6!  2t¾: 2~¾ :::: _ .... . . . 9G - 90¼ 97½- 99½ 9:l 18~ :18~ 107 -107  2 -  ~~= ~½ 2½-  = 2 - 8•~  = - 8½  no;•  26 - 27 93 - 97 64 - 71  28 - 38 100 -105 73 - 77¾  fgn: r~¼  2~ : 2J½ 2?½: 2t, 2i¾: ¥& 98½- 90¾ 97~- 91lli 99 -lOOh 99¾-10-i  18i :18~ih86½:18~~ 1~½:18~ 18~ =rn~~ 18°14=i&~ 106 -107 106 -107 106 -107 107 -107½ . . . . - . .. .  STATE SECURI TIES. 1881. DESCRIPTIO:..  J.ANU.AR~1 FEBR'~-  -~--Ahtb>tma-CI. A 2 to 5, 1906. Class A, small . . . . . . . . . . . . . Ula~s i t , 5 s , 1906 .. Cla•s C, 2 to 4, 1906 . . . . 6s, 10-20, 9 A;!~E~~:-t\f.ds: ls~~/ ~~ 7~• .\1.emptiis&LittleRock 7s, L. R. P. B. & N . 0 . . 7s,Miss. O. & R. lt..... . 7s, Ark. Central RR . . . . . . 1 84 -. .~7s, new bonds, 1886 . _ 7s, endorsed, 1886 ...... ... 7s,gold bonds, 1890 . Louii;iana-7s, consol., 1914 7s small boc1 ds . . . Mtchi~a.n-6s, 18~. . .  moo....... ... ...  g~~~:i~~'!~~6  MARCII.  ~PRIL.  l___:'!-AY.:__ ~~~~ _:rrL1:_:__  Auous1::_  SEPT'BER. OCTOBER. Nov'BER. DEo'  Low.IliJ? h Low.High f.,ow.1:lig-h £,ow.High Low.High Low.Hi"'~ Lo~igh Low.High Low.Hil;(h Low.High Low.High Low.  71½7S 91 87 -  72}.il 74 96½ 88  71¼'.- 71% 74 - 75 95 95 85 - 85 105 - 105  'il - 72  72 94 84 l05  - 75 - 90 - 86 -106  - 71½ il½- 7S¼ - 72 1 72 - 7S - 94 9S - 96 - 84 83 - St -110 100 -100  71 72 94 80  - ... _ [oo 8* n ~ = i~ ii = i~ i~ = ro½1i~ = H½ 12 -16 10 - 12½ 10 - 12 10 -17 1 12½-17 2  10 - 11  10 - 11 10 - 11  10 - 11 10 - 11 10 - 11  9 - 11 9 - 11 10 - 11  l8f =½8t¼ l&t =l~ rnt*l~ no  8 - 15 12½- 16 8 - 14 12½- 16 8 - 14½ 1S - 16  =m  1 8! 109 -112 111 -112 111 -118 58¾- 61 56 - 58½ 102 -102  l~  74½- 77 76 72- 78 97 - 98 84 - 85¼ 100 -100  ~  14 1S 1S 13  x76 x79 - 93 81 100  - 77½ - 80 - 95 - 84 -105  74 80 90 80 100  14 1S 1S 13  = -15 - 18½ -14 - 14  10 10 10 10  - 76 - 82 - 95 - 83 -102  74¾- 78 76 - 79 90 - 9S 80 - 82 100 -10S  t ri fg ~i½= ~  = -15 - 14 - 14 - 14  f&~= 12½12½12½12½-  -1#8 - 12½ - 18 - 12½  =m m=m m=l~~ m=l~  77½- 78½ 78 - 80 95 - 97 79 - 82 102 -10S  t,2½  l&~  80¾81 -  80 - 82 · 80 104 -107 104 -  ~ =~½ ~ =~  24 - SO 24¾- 29 24 24½- 28 18½ 18 - 18¼ 24 24  77!,4- 80  80 - 81  96 - 911¾ 997kl  28 29 28 19  -  40 82 85½ l{}:½  ro :-  22 20 20 14  -  l~ =l&~ l&~=l&3 l~ =l  =m 110½-111 111 -111 111 -111½ 111 -1 110½-111 111 -111 111 -111½ 111 -1 117 -119 115 -116 116 -1171117 66 - 67 6§ - 68 67¼- 68¾ 67¾60 - 61 61 - 61 6S - 65 62 104 -105 110S -103 104 -104 104 -1 M;:;~u~?~s. ifoe 18:i!;! or '83 {M½=m =mi =f5g !~2=rnA ios =uis". mg =f~g mg :mg t5g :} t1s, 1886 . . . . . . . . .... 107 -107 107½-108½ 107½-108½ 110¼-110~ 110½-111 111 -111 xl09-110 110 -110 107 -109 107½-108 109 -109 109 6.3, 1887 .. . . ... ...... 107 -108 107½-110 108 -109,½ 109½-111~ 111 -112 112 -113 xll0-111 109 -110½ 109 -109½ 108¾-109 109½-110½ 110 - 1 6s, 1888.. . . _... . . _.. _. 108 -109 l09 -111 109 -110 110 -118½ 112 -114 114 -114 xlll-112 111 -111 109 -111 109 -110 110½-111 110½-1 6s, 1889or 1890. ... . . .. 108¼-109 109 -113 109 -1121.i 111 -117 114½-116 115 -115 xlll½-112 111½-114 109 -110 110 -110¼ 110½-111 111 - 1 A ylum or Univ., 1892 ... . . llO -111 112 -112½ 111 -112 112 -112 115 -118 114 -115 xll2-115 112½-114 110 -112 110 -112 112 -112½ 118 -1 Funding bonds, 1894-95 . . . 111 -115 115 -115 115 -117 116 -116 118 -119 118 -118 xllS-117 115 -116 112 -115 112 -114 114 -115 117½-1 Hannibal &St. Jo., 1886 ... 107 -107 107 -107½ 107¼-108 108 -110 110 -111 110½-111 xl00-112 110 -110¼ 107 -109 107 -107 107½-109 107 - 1 1 Hannibal & St. Jo., 1887 . .. 107 -107 107 -107½ 107¼-lu8½ 108!-6-110 110½-113 111 -112 :x:109½-110 .!0½ 107 -109½ 103 -108 108 -109 108 -1 Ne'V York-6s, KO Id, reg., '87 105 -109 109 -109 109 -109 109 --110 110 - 112½ 109 -112 110 -110 . ... - . .. ~ 110 -110 110 -110 110 -110 108 - 1 6s, coupon, 1887 . ......... 105 -109 109 -109 109 -109 109 -110 110 -112½ 109 -112 110 -110 - .... 110 -110 110 -110 110 -110 108 -1 6s, loan, 1883 . . . . . . . . . . _ 103 -106 106 -106 106 -106 106 -110 107 -109 105 -108 106 -107 - ... . 103 -104 108 -108 108 -104 102 -1 6s, loan, 18:H . . .• .. . .•. . 114 -118 1l8 -119 118 -118 118 -119 111) -120 120 -120 120 -120 - . ... 120 -120 120 -120 120 -121 118 6s, l oan, 1892 _ . . . . .. 115 -119 119 -120 119 -119 120 -120 120 -121 121 -121 121 -122 - .... 121 -121 121 -121 121 -122 119 6;, loan, 1893 . . .... . .. . . .. . 116 -120 120 -121 120 -120 121 -122 121 -122 122 -122 122 -124 . . - .... 122 -128 122 -122 122 -123 120 No. C,1,rolina-6.3, vld, '8/i-'98 32)4- 32,½ 32 - S2½ 82¾- 83 3! - 37 34 - S5½ 35 - 36 86 - 36½ 36 - 87 36½- 87 88 - 40 35 - 89 33 6s, old, A . & 0 . . _. ... . 8~¼- 82½ 32 - 32½ S2½- 83 34 - 37 84 - 85½ 85 - 36 36 - 36½ 36 - 87 87 - 87 33 - 40 85 - S9 83 N. Ca.r. ltR., 1883-4-5 . . .... 115 -115 120 -120 120 -120 120 -141 180 -141 130 -145 145 -147½ 145 -150 140 -145 140 -140 140 -140 185 N. Car. RR., 7s, coupon otf 90 - 110 90 - 90 90 - 90 90 -121 110 -121 110 -125 125 -130 125 -125 120 -125 120 -12J 120 -120 115 N. Car. RR., A. & 0 . .. 115 -115 120 -120 120 -120 120 -141 130 -141 130 -145 145 -147½ 145 -150 140 -145 140 -140 140 -140 185 1 1 1 1 1 1 1 1 1 1 1 1 1 1 7 1 = ~g½ ~g½= f~ = = ~~ i~g = = f~ fg = f~ fg }8 i&½= fg Fundmg act,,..1868-1898 . 12 - 12½ 12¼- 12½ 12½- 12½ 12½- 15 13 - 1S 13 - 13 13 - 1S 1S - 13 13 - 13 12½- 14 12½- 16 10 New bonds, J. & J., 1892-98 20½~ 21 20)4- 20½ 20½- 20½ 20½- 28 21 - 21 22 - 22 22 - 22 22 - 22 22 - 22 22. - 22 22 - 28 20 New bonds, A. & o ........ 20½- 21 20¼- 20½ 20½- 20½ 20½- 29 21 - 21 22 - 22 22 - 22 22 - 22 22 - 2g 22 - 22 22 - 23 20 Chatham RR. . . . .. 5½- 6¼ 4½- 5½ 5 - 5 6 - 8 7 - 8 6½- 7 6 - 6½ 5 - 6½ 5 - o½ 7½- 7¾ 7 - 8 5 Special ta.x, class 1, 1898-9 6 - 8 7 - 8 6¼- 7½ 6 - 9¼ 8 - 8¼ 7½- 8¼ 6½- 7 6 - 7g 7 - 8 8 - 9 9 - 9<¼ 8¾8pecial tax, class 2 . . . . . 6 - 8 6 - 8 6 - 7½ 6 - 9¾ 7½- 8¼ 7)4- 8)41 6½- 7)4 6 - 7 7 - 8 8 - 9 9 - 9,¼ 8½Special tax, CLI.BS 8 . . . . . . 5½- 8 6 - 8 6¼- 7½ 5 - 9¼ 7½- 8½ 7 - 8 6½- 7 6 - 7 6¾- 8 8¼- 9 8½- 9 8 1 81 81 ~~~W\i·o~{cts &~~ .:: . ::.:::: ~~ = ~½ ~~ = ~~ ~ = =~ = ~ 82 =as". = ~~ : 1 1 0 ~ . ::::::::····:::: }gg¼JY8¾ =m =m~ =m~ =½~~¼ iii :1i2½ ii"i -118° ii"o -Iii½ ii"o -iii"" iio -iii"" 107 Rhode lsland-Bs, cp., '98-99 115 -117 116 -120 115 -117 115 -12J 1115 -118 115 -120 114 -117 115 -116 118 -120 115 -117 114 -118½ 116 South Carolin i-6•,act Ma.r. 1 4 4 1 9 6 5 4 ~ --~½= ~~ ½½~ --~½~~ = ~- - 10~ =10~ 16g~=1M 1M :15~½ 1M :15~~ 16!¼=15~¾ 1M =1 Tenuessee-61, old, 1890-2-8 · 45 - 48¼ 48 - 52¼ 56¼- 67~ 62 - 76}s 71.½- 73¼ 71½- 7 70?$- 75½ 68 - 73½ 68 - 69½ 63 - 69 70 - 7S.½ 71½6:i, n e w bds., 1892-'£8-lOOIJ. 45 - 47 48 - 51 56½- 68 62 - 76~ 1 71 - 73}4 71¼- 77¼ 70fr 75)4 66 - 71 68 - 68¼ 68¼- 69 70 - 73½ 71~109½-110½ 110 -110½ 110½-111 109½-110 -110¼ 110½-111 115 -115 115 -116 116 -117 58¼;- 54 63¾- 61¾ 59½- 62¼ 51 - 52 50 - 55 57 - 59 102 -102 102 -102 10"! -102  Mi¼=M~½ f5i  111 -112 111 -112 117 -118 59½- 61),:( 56 - 56 102 -102  m=½5~½ l5l  lll½-114 lll½-115¾ 118 -119½ 62 - 64 57 - 57 10S -10S  iii jJg  110 -111¼ 110 -111¼ 118 -119 68½- 67?R 57 - 64 104 -104  110½-111 110½-111 116 -119 66 - 68 60 - 68 ...  }5~ =l~  no -  fu~~f;lt;i, fsJ'tY8ia° ~-~ ~~  ~!?ISi~  ~g½~¼=  m ~A ½i  ~g* ~g½  ~y ~a½=~~½ ~t¼= ~t½ ~~½=  m  18§  m  ~g ~i  m  ts½: tI¼ tl½= ~~½  ~~  =~1  g~¼= i~ ~½= 18,I~ 88w·~=- IZ9i 32 - S8 38 - 40 40  vfrg~t:-~:,i~i/~~~--:::.::: 6s. new bonds, 1866 . . . SL - 32 6s new bonds, 186i.. .. .. . 31 - 32 6s, cons•Jl. bonds ....... . .. . 104 - 105  30 - 30 30 - 80 105 -113  80 - 82 30 - 32 114 -115  S2 - 33 115 -117  ~!;i:;tt,uu~;r~~t~~s-:: 6.3, deferred bonds _. . . . . .. Die . of Culumbia-S·65s,1924 Sm tll bonds.... . ........ Registered . . . . . . . • . . .. .. F1mdin:z 5s, 1891 . _. . . . . _.  ~8)4= 12½- 15½ 102 -102¼" 102 -102 102 -102 109 -109  i2½= 13½- 15½ 102 -102½ 102 -102 102 -102½ 110 -110  103 102 10S 110  = ~~ - 20)4 -105 . -103 -104 -110  38 - 40 117 -121  19 - 19}s 105¾-107¼ 105 -lOB½ 105 -107¼ 110 -111  iio  =1io·· n& =HY  i::  ii½= i~½  1S - 10¼ 104 -104½ 104 -10-! 104½-104½ . .. - . ..  ~g  ~&¼ 15~i  i~;l!tere11·::::::::::: : : : : : .. :: - : ::: :::: - .... 110 -110   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  ~i ~i  lY8½=m½  gg ~8  0  0  --~½=  fril!~!•~g~;~f~t:½ffl:::  l  ~*  ri i~  ~5½= ~g¼  -.  88 - 40 120 -121  ~g  ~ = 16¾- 17¾ 10S -109 . ... - ... 108%-108¾ 111 -111 ii"i  =1ic  J5 85~i½:- ~¾ ~¼= ~ 80~8½=- ~u 87 32 - 3S 86  ~ -=  ~¼ ~~ = 85 - 37 87 - 40 35 - 37 87 - 40 121 -121 120 -121  ~g½: ~ 16 - 17 109 -109½ 108,½-109 107 -109 xll0-112  i:Wo=lrn  -107¾ -106 =1 07 ¾ 112  ii2  =112 ·  1  33 33 104 -1  32 - 33 115 -116  30 - 86 110 -116  107 -107 107 -107 107 :1 07 110 110  107 -107 107 -107 10 7 :1 0 7 110 1 10  l>! 107 107 107 110  - 19¼ 17 -107 107¼-1 -107 =1 07 1 10  =1io·· n& =n&  1io  -no··  l~ =- l1½ 18 = ~½ ig = ~½ 16½ 15 - 17½ 16¾- 17¾  16 106 106 106 112  ~ =  85 - 37 112 -116  rio  1  ~~ 1J  W'=  RA]LROADS AND THEIR SECURITIES. PRICES OF STOCKS AND BONDS,  1860-81.  The construction of railroads in the United States was progressing favorably just prior to the crisis of 1857 and in the year 1856 the number of miles built reached 3 64 7, the largest number then recorded for any single year. From that date forward to the close of the civil war in 1865, railroad building was held in check, and ran far behind the wants of the country, the number of miles constructed in 1864 being only 738. After the close of the war a new impetus was given to this bra:r:1.ch of industry, which went ahead with a steady increase every year from 1865 to 1871, and in the year last named the maximum was reached of 7:379 miles constructed in a single year. From this point a re-action commenced, which terminated in the panic of 1873, and railroad construction fell off to 1,712 miles in 1875. From this point another recovery took place, and in the three following years the construction averaged about 2,600 miles per year, but ran up in 1879 to 4,721 miles, in 1880 to 7,174 miles, and in 1881 (as estimated) to 9,000 miles. The following table, fr'.Jm Poor's Railroad Manual, shows the progress of construction in each year from 1830 to 1880, inclusive: Year. 1830 ...... 1831.- .... 1832 ...... 1833 ...... 1834 ...... 1835 ...... 1836 ...... 1837 ...... 1838 ...... 1839 ...... 1840 ...... 1841. ..... 1842 ......  -  Annual M.tles in Increase of Operation. Mileage.  ....  72 134 151 253 465 175 224 416 389 516 717 491  23 95 229 380 633 1,098 1,273 1,497 1,913 2,302 2,818 3,535 4,026  I  I  Year. 1843 ...... 1844 ...... 1845 . ..... 1846 ...... 1847 ...... 1848 ..... 1849 ...... 1850 ...... 1851. .... . 1852 ...... 1853 ...... 1854 ...... 1855 ... . ..  Annual Miles in Increase of Operation Mileage. 159 192 256 297 668 398 1,369 1,656 1,961 1,926 2,452 1,360 1,654  I  4,185 4,377 4,633 4,930 5,598 5,996 7,365 9,021 10,982 12,908 15,360 16.720 18,374  .Annual Miles in Increase of Operation. Mileage.  Year. 1856 ...... · 1857 ...... 1858 ...... 1859 ...... 1860 ... ... 1861. ..... 1862 ..... . 1863 ...... 1864 ...... 1865 . .. ... 1866 ...... 1867 ......  3,647 2,647 2,-165 1,821 1,84.6 651 834 1,050 738 1,177 1,742 2,449  22,016 24,503 26,968 28,789 30,635 31,286 32,120 33,170 33,908 35,085 36,801 39,2li0  I  Year. 1868 ...... 1869 ...... 1870 ...... 1871 ...... 1872 .. .... 1873 .. .... 1874 ...... 1875 ...... 1876 ...... 1877 ...... 1878 ...... 1879 ...... 1880 ......  I  Annualof Miles in Increase Mileage. Operation.  2,979 4,615 6,070 7,379 5,878 4,107 2,105 1,712 2,712 2,339 2,694 4,721 7,174  I  42,229 46,844 52,914 60,283 66,171 70,278 72,383 74,096 76,808" 79,147 81,841 86,497 93,671  -- -  I  The :financial statistics, showing the cost of road and equipment, the stock and funded debt, and the earnings, gross and net, are compiled from Poor' s Manual) and are given below for each of the last four years for each section of the country, with the total for the whole United States. It is much to be regretted that the reluctance of many corporate officers to give any information, and the entire absence of laws in some States compelling the companies to make any adequate returns, renders these general statistics less accurate and satisfactory than in Emme of the countries of Europe. STATES  AND  Miles of TERRITORIES. Track, Main and Branch.  General Liabilities.  Cost of Railroad and Equipment.  Capital Stock.  I  Miles of Total Gross EarnEarnings. ings, including Less Operating Railroad Operated. Mails, &c. Expenses.  Funded Debt .  - --  Year 1880.  ~!dd~nll:l~~.~~~~~~::: :~:: Southern States ............  Western States ............ Pacific States ..............  5,95!f 15,335 15,912 50,585 5.876  $312,121,603 1,242,155,044 468,940,551 2,290,201,197 3'10, 190,902  $187,395,522 780,968,618 ~26,220,518 1,186,496,937 172,652,582  Total United States ....  93,669  $4,653,609,297  6,055 14,602  $306,870,2J7 1,167,630,960  $197,133,945 719,563,253  44,733 14,196 2,874  2,047,406,604 460,171,413 173,299,083  1, t19,881,613 238,289,118 114,060,210  I  ---  2,553,734,177  ---  ·--  ," 6,071  $113,526,340 724,220,863 260,909,855 1,124,843,109 168,517,653  ·J 14,881 ~13,548 t45,910 3,813  $2,392,017,820 i!.  84-,225 _  $48,755,609 199,003,718 48,317,754. 290,588,190 28,736,660  $17,193,685 83,923,393 18,124,034 125,166,218 10,786,106 ~  $615,401,931  $255,193,436  Vear 18?'9. New Eng1aud States . ... .. . Middle tates .............. Western and Southwestern States .. _ ...... -......... Southern States ........... Pacific States ......... ..... Pacific Railroads (Central Pac. and Union Pac.) ....  I  $115,395,591 705,771,550  6,156 14,941  $U,3~9.825 170,310,846  1,006,204,968 224,827,764 67,723,000  44,101 13,389 2,371  232,379,646 4.3,917,28-! 10,721,157  2,256  261,132,550  91,037,800  162,617,192  84,716  $4,416,510,847  ) $2,479,965,945  1~282,5-!0,065  5,866 14,777 13,683  $285,121,885 1,098,067,136 '142,613,636  41,733 2,517  1,939,030,054 138,328,975  ---  Total United States ....  I  j  [  $15,586,091 70,416,970 98,961,90t1 14,673,357 6,606,390  3,272  30,3SJ,'3-H  84,233  j $529,012,999  -$219,916,724 - - - -· $13,685,92 7 61,559,99 3 14,379,95 8  13,672,010  Teat• 18':S. New England States . ..... . Middle States .. . . . ........ . Southern States .......... . Western and Southwest'1 l States .................. . Pacifio States ............. . Pacific railroads (Ceutn1l Pao. and Union Pac.) ... . Total United States .. .  ..  2,255  263,170,735  I I  $187,829,663 691,461,574 220,935,148  I  $105,815,520 725,168,683 245,793,436  5,628 14,600 12,498  $41,260,203 155,458,968 42,797,284  1,004,620,856 96,372,836  I  987,961,331 50,739,754  41,605 2,064  209,852,275 10,082,491  182,312,192  2,255  30,652,130  78,650  $490,103,351  I $187,575,167  $111,919,422 706,632,833  6,038 13,597  $-M,590,465 155,943,121  $13,735,746 61,033,489  221,940,198 999,520,205 57,844,800  11,271 39,135 1,896  39,812,358 193,204,516 7,766,922  12,664,346 66,085,243 2,655,137  91,037,800  I  I $2,292,257,877 l $2,297,790,916  80,831  $4,166,331,921  5,750 14,459  $313,233,185 1,099,504,122  $209,402,676 714,475,880  474,450,814 J ,906,871,952 126,699,875  257,634,287 974,549,821 68,236,534  I I I  77,958,229 3,501,63 5 16,489,42 5_  Tear 181':. New England States ...... . Middle States ............. . Southern and Southwestern States ...... .. ....... . Western States ........... . Pacific States .· ............ . Pacific railroads (Central Pac. and Union Pao.) . ...  13,74-! 40,742 2,265 2,245  263,508,330  79,205  I $4,184,268,278  I  Grand aggregate ..... .   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  I  I  91,037,800 $2,315,336,998  I  I I  160,803,192 $2,258,660,650  I  I  2,245  32,170,082  15,053,582  74,182  $473,487,464  $171,227,543  RAILROAD EARNINGS.  46 RAILROAD EARNINGS.  roads, it should be said that in a number of cases we have  In railroad receipts the year 1881 witnessed a further been unable to obtain co.rrected monthly figures, and have improvement over its predecessors. 1880 was remarkable for the heavy increase on the previous year and the large totals that characterized all roads. But, though there were quite a number of drawbacks in 1881, the majority of roads are enabled to report larger gross earnings than ever before. A brief reference to the various influences of the year operating on railroad business may be useful. In the first half of the year the traffic was swelled by the large volume of agricultural products fron: the crops of 1880. In the last half of the year the traffic was greatly diminished because of the reduced out-turn of the crops of 1881. The volume of general freight was heavy, and kept on expanding all the year through. Passenger traffic was very favorable indeed. In the winter months, at the beginning of the year, the roads all over the country suffered from the severe weather, in the Northwest especially, where some roads were completely snowed in for days at a time. With the melting of the snow and ice in spring, there came heavy floods in various sections, which seriously interfered with the operations of many lines. But probably these influences had more effect upon net earnings than upon gross, as the traffic delayed came forward later on. Last, and most important, there was the war of rates, which affected not only the trunk lines, but many other roads. Some of the trunk lines were enabled to partially offset the loss resulting from the war by an increased coal business. Net earnings are not as satisfactory as gross. The snow and ice of last winter, the floods of the · spring, the ruinous rates of summer and autumn, and the enhanced cost of labor, material and service, the entire year through, have added materially to expenses, and consequently diminished net receipts. In the following table are shown the gross earnings of all railroads that have reported their totals for either eleven months or the full year. The figures of mileage represent the mileage at the end of the year, not the. average for the year, and thus the mcrease is larger than it · ld b A h 0 th erwise wou e. s to t e extended statement, further below, of the mont1ly earnings of principal rail-  MONTHLY EARNINGS Jan. Alabama Great Suntbe1·n-  IHL:::::::::::::::::::::: :J!i ;t  Atchison Topeka & Santa Fe-  1878 ......... ......... (786to 868m.) .. 1879. • • • • .. • ........... (868 to 1,167 m.J.. 1880 ........... • .... (1,lfl7 to 1,540 m.).. c«i<ia}k5:.i~~·i1!.~·J · · 1878 ........ • • • • ... ..... (425 to 435 m.).. 1879 . ...... . .. .......... ... ..... (435ru .) .. 1880 .. · .... · • · · · .. .. • .... (492 to 564 Ill.).. ·i>,.i.'ciiic..:..:. ·. <564 to 589 m.)..  B;~};n.li-ioii  "~~ii·ai  rnz~. ··········. ··.  Feb.  GROSS EARNINGS FROM J.ANUA.RY 1 TO DECEMBER 31.  $  Alabama Gt. South'n ___ · \ Burl. Uedar Rap. & No __ _ Cairo & St. Louis--- --· ·· Canada Southern _.. _... _ Carolina Central*. __ . . .. . Central Pacific. __ .. .. _.. . Che!iapeake & Ohio* .. _.. Clucago & Alton __ --·- ... Chicago Milw. & St. Paul Chicae:o & Northwest .... Chic.St.P .Minn. &Omaha_ ('in. Ille!. St. L. & Chic ... Clev. Mt. Vernon & Del.. Denver & Rio Grande . . __ Des Moines .&, Ft. Dodge_ Flint t'1' Pere Marquette. · 1 Grnml Trunk* .......... . Great West'n of Canada. Hannibal & St. Joseph _. Houst. E.& W. Texas. __ . m. Central (IiJ. line} ..... 1 Do (Ia. leased lines). Ind. Decatm & Sµringf. _ Kan. City Ft. S. & Gulf .. Lake Erie & Western .. .. . Lake Shore & Mich. So .. Louisville & Nashville .. . Mempbis & Charleston .. . Memphis Paducah & No.* Michigan Central .. ... __ _ Milw. L. Shore & West'n_ ."10. Kansas & Texast . _.. Missouri Pacific_ .. __ ... _. Mobile & Ohio . -· -··._ ... . Nashv. Chat. & St. Louis. New York Pa. & Ohio*.. . Norfolk & Western .. _. . . Northern Central*- __. __. Northern Pacific._._. _._. Paducah & Elizabetht'n • Pennsylvania* ...... _.. -· Peoria Dec.& Evansville . St.L.A.&T. H. main line_ Do do (branches)._ St. L. Iron Mt. & South'n. St. Louis & S. Francisco . St. Paul Minn. & Man ... . Scioto Valley. - ........ --· Texas & Pacinc . . __ ... __ . Union Pacific ..... --··. _. Wabaeh St. L. & Pac .... _ Wisconsin Central ... . . .  (2,074 to 2,178 ::n.) .. 1,110,989  184,885 369,107 478,831 ··· ·· 147,196 97,277 165,171 124,510  295,367 508,608 654,090 ·..... 125,141 111,9'¾ 188,325 148,551  299,610 546,182 696,966 115,277 100132 141,652 184:a..<10  1881.  1880.  $  $  787,518 2,'259,037 423,793 3,372,305 5-12,654 23,947,9al 2,503,200 7,5a3,988 17,026,000 21,828,931 3,981 ,296 2,296,916 424,276 6,200,8rn 4Gl,!'>29 1,858,255 t9,995,570 5,282,553 2,230,966 165,72:3 6,690,059 1,812.017 503.008 1,547,259 1,373,0li 17,\)70,000 11.326,859 1,235,09 1 221,096 8,936,000 630,8~2 8,019,743 6,783,327 2 -!Oti 437 2:075'.256 4,925,834 2,25?,192 4,967,074. 4,044,576 494,205 40,392,427 688,073 1,371,034 '/41,767 7,319,744 3,160,245 4,878,960 -!39,74! 3,921,569 27,451,831 14,461,570 1,343,12:5  1881.  1880.  644,331 2,053.484 412,621 3,705,679 469,098 20,f\03,112 2,456,300 7,718,193 13,086,112 10,416,009 3,122,097 2,412.185 429.598 3,478,007 324,723 1,596,948 i9,759,055 n, t 75,5-16 2,489,037 99,843 6,528,7-!5 1,775,488 429,1\:12 1,206,724 1,184,161 18,749,461 9,491,346 1,168,545 19,5 ,803 9,085,749 427,751 6,127 .217 5,420,579 2,273.622 2,0 ~9,423 4,793,976 2,064,195 4,556,076 2,629,7LO 366,549 37,712,2!0 448,fl28 1,417.662 729,074 6,265,597 2,693,572 3,160,::!31 317,065 2,715,548 23,448,445 12,336,152 1,1'16,353  295 589 146 404 251 2,771 437 8-10 4,104 3,018 985 300 14-! 1,062 87 318 1,-!06 823 292 103 919 402 152 305 385 1,178 2,060 330 113 949 275 1,778 1 ,158 506 34-9 560 428 322 972 186 1,970 248 lfl5 121 718 643 855 127 1,055 3,663 3,350 4.80  295 564 146 404 242 2,586 437 840 3,775 2,764 946 300 144 551 87 318 1,273 823 292 72 919 402 152 305 385 1,178 1,840 330 113 804 250 1,40 8. 1,000 506 34.9 560 428 322 722 186 1,820 190 1~5 1::!1 686 597 656 100 700 3,126 2,479 480  Total. ..•.•••• ___ ...•. 307,458,235 272,272,162  45,127  40,168  --- -  * Eleven months only, to November 30, in each year. 1 Pounds (sterling) reduced to dollars, on the basis of five dollars to a Pt~~~iudinglnternational&GreatNorthern.  PRINCIPAL  J.Uny.  June.  --$- -- --  RAILROADS.  July.  Aug.  I  Sept.  Oct.  $  $  I  $  $  1  Nov.  I  Dec.  $  .  $  is:~~~ i~:i~g t:~r ig:t~ i~:~ i~:m  ~:t1 63,291 ri:~ 62,005 ~~:§g~ ~:~6l ~:ffi 58,293 52,307  56,991 1 174,598 314,732 481,103 · ·· · ··, 165,412 117,362 184-,316 167,750  Mileage at End of Year.  Earnin gs. Name of H.oad.  OF  March. Ap1•il. $  $  had to retain the approximate figures, while in the total for the year corrections to latest dates have been incorporated by many companies, so that in such cases the aggregate of the mo111thly figures does not quite agree with the aggregate given.  51,785 249,481 410,808 747,012 1,186,000 101,015 110179 153:378 205,912  304,636 f\03,582 677.863 1,066,000 139,490 116950 149'504 165:630  5,,982 329,559 469,456 657,586 .. .. . 95,007 107,990 148,432 174,351 1  68,187 70,7(14 466,162 1 420,521 516,7651 593,31 l 674,229 806,730 981,000 1,147,000 1 104,443 138,81!7 122,827 154,795 160.160 179.804 209,112 2.!1,801  80,869 78,242 446,528 438,588 764,896 664,512 932,122 903,728 . . . . . . 1,277,000 141,619 129,494 171,524 147,785 204,9\Jl 189,330 221,748 202,180  ~:~~  Total. ~  122 648.921 86.912 787,518 840,933 8,950,868 619,484 6,381,443 847,215 8,556,976 124,676 176,204 193.419 232,812  1,527,667 1,584,949 2,053,482 2,259,037  980,528 1,228,592 1,529,255 1,590,889 1,893,852 1,533,702 1,726,667 1,769,477 1,773,089 1,537,493 1,432,918 17,607,451 1,335,870 17,153,161 1.905,222 20,508,112 2,110,0uO tS,947,951  1880::::::::::::::: ::~umg ~:~ ~1: {:g~:tY~ 1:~:~~ {:~~:~~ t~i:~~ }:~~~:~ t~~:8~ 1:~:~u~~:t~ ½:t~:~ ~:~8:g~~ ~:~:i~ c1~!:.pe. ak.'e .&. o~?~ to 2,771 m.) .. 1,602,907 1,454,218 1,709,638 1,872,370 2,091,411 12,159,382 1,899,346 ,2,088,519 2,185,303 2,507,8.'>7 2,267,UOO 1878. • .... • .. • • • • • •·· • .... • .... (437 m.).. 1879 .... .......... .............. (437m .).. 1880.. · · .... · .. · .. · ...... · .... (437 m.).. & A.'it,,ii:...:.·••• •••(437 m.)..  144,442 88,667 202,335 162,540  139,045 102,077 198,681 184,380  149,359 132,172 222,7€12 228,479  150,310 162,611 221.559 227,343  166,958 178,824 199,MS 252,235  1878 .......... • .. • • ........,. .... (678 m.).. 1879 .. ........ • •· • ..... (6 ,8 to 840 m.).. 1880,. .. •· • .. • • • • ...... • .... ... . (840 m.).. l!!,81 · .. · .. · .. · ·.· ....... · · .. · ... (!340 m.)..  301,073 343,737 524,054 487,890  300,187 807,681 497,013 461,641  357,297 327,370 626,473 511,415  335,999 335,393 542,961 548 675  849,883 421,937 616.128 528 860  c1t1u.iio·  Uh1cago Bnrhngton & Quincy-  1878 .. • • • • .. • • • • • • • .. (1,650 to 1,709 m.) .. 1,045,467 (1,709 to 1, 57 m.) .. 1,105,098  ½~~· ••••............  ,., lh!!,Si:::.: ·&:.-.::E:::::  ..., 1cn.go  '  '  1  I  150,499 148,457 214,255 2,u, 135  140,262 173,383 238,236 225.01!6  189,053 215,695 259,ll(l 262,858  212,746 1 224,092 247.308 24 i,144  176,552 183,326 211,820 23tl,396  151,240 148,074 240,795 235,585  137,769 1,908,285 179,161 1,986,539 218,009 2,tl'i4,3G8  359,457 447,794 617,524 616 935  433,473 536,843 708,906 671,466 1  563,379 583,832 761,120 771,466  443,525 628,811 767.849 768,807  486,921 668,163 785.199 75U,359  399,378 601,101 696,776 tl80,133  840,947 553,014 574.695 635,307  '  911,150 1,169,831 1,118 736-1275 516 897 090 982,377 1,071,738 1,018:755 1:171 :sos 1,rno:968  946,427 1,632,207 1,382,128 1,368,848 1,296,082 1,070,525 14,113,503 993,828 1,315,559 1,484,316 1,709,932 l,327,679 1,488,167 14,779,715  Jg~Iil.f~1no1s2.?72 ::~:. 1,43~-~~~ 1,411,870 ½:m:m ½:~t~~ ½:~~~:~~ili:i~~:~~ tm:~ ~:~:~iA gg~:~~ i:8~tzi~  nste1·n  1878: .. • .... • • •• • • • .. • .......... (152 m.).. 18794 . . . . . . . . . . . . . . . . . . . . . . .. .. (152m.).. 1880.................... (152to220m .). ci~1aiio.iliiiw·aukee~stt~ 1878 .... ..... ........ (1,412 to .1,729 m.).. 1879. • • • ............. (1,729 to 2,256 m.).. 1880 .... •· •· ... .. ... (2,256 to 3,7i5 m.).. 1~,; &·N,,riii~~Z~e\?n3~51 m.)..  ,~~i:~  64,91!1 68,167 72,466 rn5,455 705,865 591,176 764,298 991,000  58,903 60,363 83,265 m,s06 666,853 476,667 738,749 683,000  4,671,519 5,755,677 7,718.198 7,553,988  1,83~·~ 1,55·~·?.~~ 20,4~,:~  58,504 64,572 62,982 56,494 67,030 83.884 72,494 82,606 75,167 63,329 810,956 67,025 60,9 9 65,334 66,315 66,437 75,300 82,049 92,975 88,477 80,025 873,456 88,278 83,689 111,800 93,284 114,129 131,777 131,904 130,891 128,597 128.981 1,299,011 128,977 135,,64 120.55o l 140,280 125,1i84 ...... 15s,sos ... ... . ..... 151,611 ..... . 663 639 784 507 798 665 636 477 647,460 522 487 676,368 823,722 809,212 716,512 8,451,767 632:898 678;439 8573:tS 798;659 773,173 733:736 1,018,806 1,290,740 1,100,245 1,060,957 10,012,819 900,6711 871,041 1,134'.7451,037,958 l,026,709 991,2117 l,257,tl78 l,493,621 1.472,038 1,397,309 13,086,119 1 917,000 1,260,000 l,538,00011,781,0clO 1,569,0uO 1,678,000 1,645,000 1,590,000 1,569,000 1,855,000 17,026,000  cii ½~fg:: ·:::::::::::: :.~g~ fg ~:~~ ::~:: t:&ZU~½ 1·=:~~i gg~:~1u~:~ ½:!~:reg 1:gg~:M~ H~:~1 u~g:~~ B~:r~ 1:~::i~~ ½:i~:~~ 1:g~g:= 1i:~:i~ 1880 ................. (2,293 to 2,764 m.) .. 1,154.632 1,181,688 1,e61,725 1,294,573 1,875,608 1,671.177 1,699,686 1,767,939 2.020.245 2,105.217 1.855.622 1.477.902 19,416,00il l&ll:I:. .. . .. . .. ... .. (2,778 to 3.018 m.) .. 1,240.667 963,205 1,178,796 1,474,612 t ,871-1,006 2,306,440 1,883,031 2,315,164 2.292,676 2,841,097 2,019,037 1,835,200 21,828,931 * Approximate figures, t December figures approximate. t November amd December flgnres approxjmate.   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  RAILROAD EARNINGS. MONTHLY EARNINGS OF PRINCIPAL RAILROADS-(Concluded).  ------------------------------I-  CJ1JJio.~~:.1:. 8:~1. ~~~~--c~2':~ ~t~-:-).. 18"11 ..................... (94tl to 98n m.).. c,~78.~ ?~~: .~..~~~.~~~§8i1~~.. 0  1 .  0  ~~.  I lllay.  Jan.  Feb.  rnt,827 257,7b6  d,o78 158,594  25!,783 ~!,2os ~f.146 ~~.09; 251,tl-.d 261,211 . 350,1~4 4L4.562  833,298  215,645  264,426  lUarcb. A1n•il .  June.  1  267,4441 269,553  258.344  .July.  :Si;;~  Aug.  Sept.  Oct.  1880 ... . . .. ........ ..... (337 to 551 m.).. 1881 .... . ............. (551 to 1,062 m.)..  Des llloines & Fo1·t Dodgc-  1879 ........................... (87 m.).. 1880 ........................... (87 m.).. \r·a:·& (87 m.).. 1880 .. ...... . ..... ... .. (508 to 900 m.§).. 1881. ..... . .. . .. ... .... (508 to 9<,0 m.§)..  E}i8:lTeuii:  (;:°a~:_:_.. ..  Flint & Pe1·e ll'Ia1•quette-  1879* .. ..... . . ... ............. (293 m.)..  J!rih~~.'·i~i:i~~:::. ~ci1i::~::  1878 ........................... (292 m.).. 18 79 . ·... ·..· -. ·. ·.·. ·.·. ·.·. ·.·. ·. ·. ·.·. ·.·. ·.·. .... ·... ((2 9~ mm .. ) ...· ) 29 _ 1880  Ii~~to·u·&iTexas b·eiiti•n.i~2m.)..  Dec.  Total.  392,702  :31\,178 ~Aoo7 391,950 3,9:ll,296  273,817  362,186 "333,278  336,165  ~:~fi  277 727 3 528 713  . .. . . .  ~:~ i:~:grg ...... . .. ... 349,196 3,478,067 643,417 tl,200,813  t!t:.:.:::.::::.:::::.:::.::::.::::::IIU~J:: ~~:!~ ~t~~ ~mi ~~a:~~1 ~~:1~ ~~:~~8 ~:i~ i~i:ggg ~~:i r Denver & Rio G ·amle1  Nov.  2iorn ~~.833 ~f.n52 -~.894 385,586 363,685 382,714 &i0,73::l 3  336 830  3,8,970  275,557  360,076  374,395! 360,174  418,467  389,761  417,109  410,965  gg:~~~ 404,652  124,759 307,476  126,922 317,681  160,883 408.493  164,883 433,212  193,925 514,767  295,456 584,230  373,182 548,'.!84  400,133 606,H/3  4011,583 620,6-12  473,tl33 665,686  408,562 f,66,819  16.226 1 17.728 18,146 27,733 3. 0,225 1 24,201:1 124,284 113,810 154,4171 133,!JOO  18,041 24,121 32,860  19,134 28,184 35,b67  22,032 26.925 51,450  23.857 38,564 47.519  24,494 33,324 40,06,  17,2119 30.980 3;'>,tl5t!  111,812 129,64tl  195,556 222,769  220,000 254,0U6  2is2,4r,3 296,240  303,518 315,614  298,680 304,237  24,233 86,695 . . .. .. 302,525 302,957  70,410  88,561  107,350  123,570  113.898  117,026 1,148,024  12,693 18,779 24,968  12.254 20,665 16,471  17,412 25,lil09 26.939  182.444 173,'i!Jl  162.967 175,187  Hi4.154 187,023  77.411  77,520  IJ8,42i  102,12\l  88.725  m:~~~ m:g~  m:g~~ rng~gl U&:~8~  141,899 ltl7,047 176,079 154,401  164,041 211.899 216,061 176,356  127,171 137,038 166,966 122.874  73,996  m:g:~  225,40S 324,725 . .. -- -  .. . .. . ..... .  m:m m:~ ½ii:gg~ ½~:zg~ ½~g:~~i m:m ½:ggg:2!:  139,936 136,65'> 137,453 133,696 214,222 231, mo 232,720 16fi,444 134,071 107,560 90,810 141,533 176,810 239,735 20ti.735 191,317 179.:i96 224,312 238,081 233.448 242,'.!14 190,8121 172,950 *194,949 *198,110 ~2:5,::!08 ·202,51j7 ~2t3,433  207,91k 193,125 207,147 •201,782  178,567 2,045,450 253,233 1,9\17,305 279,635 2.5111,391 *180,376 *2,230,966  rnz~·········· ··········c50i·t•<gg} m.~ .. ~g8:m ~tri~ m:~~~ ½~:m m:~gr rn~:~zg ½~:~ §~'.i~ ~~:~8 ~~:~~ !~:~ ~:t~ ~;~g:= ½ffi::::::::·:·: ·:·: ·:·:·:·: ·:·:·:·.-: :::Jg~~~J:I 3t:l2,561 319,041 272,791 237,745 247,807 188,120 195,329 227,6W 289.380 409.31\7 478,0911 43~,475 443,165 3,740,996 •325,635 *3t5,2U9 "267,082 *226,3\l\l *2i7,8«3 '2J7,66U *305,462 *381.51, *380,588 . . . .. . . .. .. . . .....  [llinois Ceun·al-  1  1878 ...... .......... (1,220 to 1,257 m.).. 624,659 511,385 536,409 533,83/l 608,527 552,706 568.031 1879 ............... ( l,257 to 1,275 m.).. 580,192 466,921 532,161 492.5fll 575,461 580,578 573,250 1880 ................ (1,275 to 1 321 m.) . . i 51l5,212 613,806 618,0118 535.732 665,120 681.736 7\!4,095 m.) .. I *600,472 *492,851 *536.395 '632,063 *636,870 *761.354 *7li,OIJ4 1879 ...... _..................... (2 l2 m.).. 82,934 82,052 80,58'i 90,2291 95,62'i 90,821 88,549 1880 ........... ... . . ..... ....... (212 m.).. 80,498 89,960 116,185 90,374 85,733 106,954 103,438 1881. ........................ _. . (212 m.).. 90,28P 83,261 102,359 l03,555 , 102,631 1Jti,58tl 83,7tl4  1J~~iin..Biooiii;·&iWest<;i~~~  •I  International & Gt. Nortbe1·n-  675,889 630,386 654,840 601,977 736,066 807,859 732,751:, 806.837 880,211 868.1.06 *813,610 *830,325 107,520 116,732 117,955  122,406 110.622 193,307  120,785 121,343 181,674  625,201 631,343 783,120 *748,235 92,279 96,621 160,826  589,312 656,065 573,182 *709,154  7,111,184 7,234,464 8,304,812 8,53'3,076  106,054 1,i60,74S 104,619 1,223,m 156,697 ..... .  rn~::: :::: :: :: :::: :: :::·c5i9·£0(gii :1 · rnf:iY~ UN~& ~gg~g ~:~i ~k~i ii:m ~~:i~g U~:ffi ½~~:~ ~~:~ ffl:g~i ~~!:~~ g~g:~~ ½~L::::::::.:::::::: ~mig~+~:t: ½~~:~& ~trn~ M~:m ~~~:~ig 1~8:~ie1 *l~t~s~ .1ig,.3~ .Jii:~ *½~H~~ .~~:i~i .~~:s~ *~~:Jt •k~~:g~ Louisville & Nasbvill emL:::: ·::·_-_-_-_-:·_-_-.(9~/~;lm~:H m::~~ 1ig:~g ~:gi~ gsi:s~i !~g:~gg i8~:i~ !~~:~~ ~~:~~~ igg~! t8~:g~~ g8~:3~ ggtffl g:~:~ 1880 ............... (1,107 to 1,840 m.).. 674,455 575,035 612,5H3 563,883 655,014 976,230 772,537 827,08\J 931,911 1,000,326 953,086 949,185 9,491,344 1881  (1840 to 2 060 mi  8.!l:S,72f' 1; 27,88j  816,l:J60  8U5,124  9 ..7.~5\:!  85U,8ti2  817,135  876,192  1879* . .. . ............. ....... (330 m.).. 1880* ........................... (330 m.).. 1881* . .. ..... .............. ... . (330 m.)..  05.301 1211,265 111,842  87,924 102,252 110 050  83 979 8,i.975 115,644  60,259 63.115 84,406  51.9801 58,026 , 74,0071  49,441 52,865 75,276  49,692 68,632 1:10.0 ilJ  19,721 80,132 Ul,807  35,395 104,734 l:!0,887  06.066 125,731 119,776  181.250 l :{U,225 134,427  1878 ..... .... ........... .... . . . . (162 m.).. 1879 ... . . _............. (1112 to 205 m.).. 1880 ............... . .... (205 to 27>0 m.).. 1881* ... . . .......... . ... (250 to 275 m .)..  21,853 2l,l 70 24 H33 30,078  20.972 10.865 33 251 31,38.2  18,847 25 271 37,77·3 33,1197  18 900 2:3.Hl6 30.346 43,777  18,613 23.742 28.614 44.557  16 56U 24,940 35Jl02 47,732  18,414 21 808 34,211 41J,6::ll  18 012 22.78t 34,06i 59,423  22,700 80,001 38,642 65,013  28.671 37,095 40,125 71,395  24,975 21J.797 48 734 57,465  1878 ............................ (528 m.).. 1879 .......... _......... (528 to 506 m.)..  271,992 104,486  188,790 170,658  lf\5,755 Hl2,740  115,325 119,494  103,731 117.593  90,341 91.60\l  95,676 110,·191  114,979 106,147  91,403 161,253  71,701 267,084  309,694 309,3 6  290,586 1,909,973 316,626 2,127.497  1878 ............................ (340 1879 . ....... . ....... ... .. . ...... (349 1880 ............................ (349 1881. ... ...... . . .......... ..... (349  177,806 l fi7,278 1 225,634 1,8,1..13  155,771 l58,034 191,154 190,866  143,257 149,497 16~,t57 20,,,10  128,461, 128,50{1 155,46(} l 3,52a  124,83~ 139,524 158,839 16..1,431  91,833 105,047 114,;55 lu4,iJ-19 ,  129,859 142,182 169,32~ 168,81,  123,497 157,363 1~7.473 1,9.9,9  137,104 169,958 ~66 21  156,994 174,245 182,087 152,059  149,552 1,631,681 185,653 1.800,878 175,996 2,049,448 ... . . . . .... .  ., .. I  lllempiiis .& ·cli~n-lestou-'  l'tlilwaukee Lake S. & \Ve~t.-  Mobile &  01110-  Ni~iii~:d~~ii:i··~i~··tJ~E~t  ~~Nl~ ~~t:~t ~~:~~~ itg:g~i m:t~ m:;1~  m.) . m .)..  m.)..  m.)..  New York Cenu·al-  1879 . ... ... .... ............. . . (1,000 m.) .. 1680 ......... .. . . _. ........ _.. (1,01Om.) .. Nl~1-toi·1d~ii1ce·Ei·i.'e .&i 1878 ........................... (928 m.) ..  *m:gii 112,702 133,590 151,5~ 150,430  951,566 1,009,100 *1,073,065 *1,122,285 11,326,859  142,101 873,109 157,593 1,168.545 187,400 1,235,091 21.614 35,906 41,255 61,845  250,131 815,948 427.752 630,822  .tiB:i~~ .Jgt:~Jl .~iNkt *~g~:~~ .~i:8J~ ~::Jg:::~  g~ .  2,024,812 2,210,304 2,474,:192 2,214,626 2,211,011 2,022,R23 2,194,422 2,546,029 2,922,376 ],898,586 2,801,835 2,846,216 29,367,432 2,593,613 2,317,231 2,854,835 2,782,324 2,540,998 2,653,477,2,863,31() 3,022,855 3,000,627 3,095,198 3,047,541 2,833,403 33,605,418 . .. .. . . ..... I ...... ...... . . .. .. 1 "'3 . .. . . . .. . . . . . .... 1,30-!,018Jl,121,4ll 1,147,208 1,127,079 1,172,961 1,258,988 1,157,690 1,445,929 1,338,271 ,4, ,532 1,381,391 1,205,755 15,134,233  ~J~~t~_:_> .. 2,404,71312.203,463 2,6ns.2o0  l~: ::::::::::::::.-.::cifas·io·i'.8~ ~J: Uti·~j gga?~ t~.N~ l:g1~:1g1 g~g:~ ½:~~:tl~ }:~:~~ a&8:~~g l:*~~:!~~ ½:ii~,g~~ gi~:= H~:~ 18:~:~ 1881 .......................... (1,r 09 m.) .. l, 148,437 1.425,765 l,847,261 1,709,057 1,776,891 1,794,!Jt>il l ,i'd7,0l:;J l.772,b95 1,734,200 • .... .  Nf3~0:.~~·~.~.~~.~ .~(~ai/~16 m .).. HH.231 149,90S 18.'3,84.5 171!,689 183,700 219,891 205,056 249,885 235,642 215,491 210,856 198.108 N18!;;..·ork· Peii~: & .63~r~ 3\l-! m.).. 189,749 173,614 212,019 212,8119 2,5,271 . . . .. . 246,8:tO 267,:H4 250,493 261,199 24.!,412 237,7i9 2!396,302 .. -.. . i~~::::: :::::::::.:::::::::::Jggg~3:: !ft~J ~:zi~ !ti:~ ~Y&:m m:~ i~UJ~ !~~:f~ !~g,54~ fo&:~:i ~h:lig 1gui~ !~UM i:~;~8 1881. .... . _..... , . .... ..... _.... (560. m .) .. 421,908 389,125 ...... 4il,Oi'3 474.378 1 447,279 4.l!2,ll5. 455.03:t 426,360 455,277 432,511 Nfif7t~~~ ~ :W:~~~--~.<.~.~-.~~·i·~,4~ g'.t°: 142,537 117,035 129.105 126,931 · 125,208 120,09-1 127,441 155,0l2 153,830 201,181 175,892 143,240 1,718,456 203,329 1,749,616 1879 ..... ............ .. ........ (428 109,81!4 121,451 132,802 118,113 180,!)'jg 102.247 138,224 134,955 177,342 ~~g•.~1g 179,972 1880 ............................ (428 m.).. 156,870 161,954 175.420 143,090 131,407, 133,764 145,585 179,9-!7 209,446 181.746, 2.064.194 , 209.046 I  JU.).  1881 ............................ (428 m.)..  No1•tbe1·n Ceutral-  1879 .. ...... ... . ..... .... ....... (322 m.)..  164,917  153,633  105,650  173,tJ l  ~65,002  ~3,fillZ ss&:657  3.'34,166  ~g:f~5 ~li,~~  ½~L::: ·:: ·:::::::::::::::::: ~~~~ :3:: ~:1~&  No1·tbe1·n l~acific-  38,433  !}l~  113,850  n:2511 77,4711  ~mt  l878 .............. _. ........ .. . . (647 m .) . .  ½~*·::::::::·:::::.-.-.-.-.\~?.t~(J~~~1: 1881 * . .... . _............ (722 to 972 m.)..  !g~.~~ 57.845  1  ½~~:~i~  }~~::: :: ::: :::.: :.' :cti;7i6· t~ti:~i ::~::  156,889  487,272  4~5:58-<  ~1~•~87 ~!1:2oi  101,483  148,679  130,061  173,874  196,123  !g4,4~g  !~•~~ 426.88'i  221.438  246 664  228,861  377,316  ~~:~~6  414,599 4,107,948 494,310 5,050,397  102.592  62,470 115,084 220,993 434,331  4f8'.~11 j 49a:008  it;ggg  m,5~ 449:~  123,028l l23, 134  134,081  ~52, 146  l~g:~88 ~~N?~ ~~N~ ~N~ ~~i:~~Z ~8:ggg sj~:~ig :i&:rz~ 211, WO 305,292 36!).27tl 401, 1 O 411 ,62! 400,u96 505,485 428,903  159,806  Pennsylvauia-  (All lines east of Pittsburg & Erie)-  140,<l03  ~:~~:!~g ~:~:8i8 ~:f>~:~~U~8:~&~J~~:t~ U~8:~~8 ~:~~g~ ~:~~:~?§ U~:~~ g}~:f~ ~:~N&~  *196,789  2,257,192  1,215,693 2,004,555 z.029,no 4,1)44,576  ~:~:~ ~:~g~  1880 ..... . ......... (+.1,806 to 1,820 m .) .. 3.083,5;;1 2.944.576 3,278,1'~6 ·3,488,36f! 3,417,916 3.22l,476 3,449,<144 3,723,355 3,6!7,543 3 882,714 3.574,IJ13 3,5.J.7,828 41.260,IJ68 1881 ........... ... .. (+ !,844 to 1,970 m.) . . 8.189,215 3.095,614 3,"44,30413,76v,372l·tl,b56,89il'3,o07,rn7 3,7t>0,4t8 3,809,H78 3,735,006 j3'67~,971 3,840,250 . . . ... . .... .  Pl1ilndelpbia & Reading-  ~~~:i~g  ½~~L::::::::::::::::::cso<:i-t:c/~Jg~J: gi~:~1g  '  ½:~:m ½:gri:g~  t~N~  1,81Mt 1.m:~1g~~:gi~ IUY~:8~~ 1,R8i:m 1.i~~:~A 1,ffl:~~ 1880 ........................... (846 m.) .. I ,316,U80 1.01-li>, lll2 1,4,,IJ,3~911,406,330 1,457,881 1.308. ,53!l 1,282,885 1,531.813 2,089,256 l 746,299 .. . . .. .. . .. . 1881. .... .. . ...... .. ............ (84tl ru.) _. . . . . 1,336,42!:l 1,60U,56 l,4tH,864 :1,6t.8, ';02 1,707,295 l,833,725 2,000,986 1.9-15,874 1' 1'.989,948 2,015,589 .. . . . .  St. L. Alt. & T. H. ll'Iain Line-  1878 ............................ (195 m.J.. 68,114 60,775 1870 ...................... . ..... (195 m.).. 50 ,737 60,728 1880..... . . . . . ............. (195 m.). · I 96,9 , 2 108,IJ-,8 1881• ......................... (195 m.).. 101,77-! I 109,758  St. L, Alton & T. H. B1·an c hes-  \  1878 . ...... ........ . .. __ ......... (71 m.).. 1879 ........... .. .. .. ... . ........ (71 m.) .. 1880 .......... .. .. ....... (71 to 121 m.).. 1881* .... ... ................. (121 m.) .. r1  40,075 48,445 5fl,218 71,148  35,157 44,204 54,750 64,lo6  rn~::::::::::::: :: ::::::.::::::i~ :3:: ~ts~~ 555,983  570,957  !St. Louis & San Francisco-  1  75,344 73,859 70,262 63,210 108,4:l-! 95,847 1s1.886, 118,226  j  30,013 44,887 55,~7tt 68,565  trn~  St. Louis h·on lllt. & So11the1·11-  1880 ........................... (686 m.).. 1881. ................... . (686 t,, 718 m.).  86.528 71,121 113,51;{ 140,170  36,288 41,331 47,028 1 64,110  36,404 37,Lti3 5:2.082 · 48,995  704,002  198 ,001 . 195,948 1881,. ..... ... . ..... ... .. (597 to 643 m.) .. 1 21 2 ,4 3 5 178,234 1879 .................... (5~ to 6~6 m.)..  74,846 92,363 138,153 113.77..1  91,891 105,648 150,727 116.732  81,760 114,229 136,706 121.799  100,235 116,682 143,881 no,14!l  76.375 100,963 116.f\9!} 100,392  38,465 31,736 44,.'370 51,540  33,866 37,778 5~,924 1.4,IJOO  44,265 43,764 66,082 62,563  46,516 55,216 6i',51'l9 65.500  56,548 63,786 77,982 68,780  51,254 52.460 72,0 ;4 62,152  ~:m i~~:rni ~zg:~i ~Nt8 451,560 408,241 349,05:i 363,454  400,195 560,701  546.302  479,07.J  rn~::::::::::::::::::::: (~27. toc~i :3:: ~U~i ~~:l~& ~:~~~ ~U~~ ~~:8~~ 1880 ....... . .. ......... .. (492to 507 m.)..  St. Paul i.Uiuu. & lllanitoba.-  65,614 69,1119 105,837 1!4,l:156  193 ,146 ir,~ •. 1~ 262 ,050 - I 26., 29"  ~67.,~, 83 -99  230.901  ~~;6~z  174.177 280,347  141.083 267,448  474,302  ~~~:m 565,809 ~:~ ~t8~~ ~:~~ 671,219 688,365  482,655 fJ33.512  644,386 *090,400 *719.239  t~:~~N~ . .... . . ... .  72,962 928,301 110,41( 1,040.542 101,950 1,417,663 86,ooo 1.sn.034 48,606 64,751 82,553 67,843  506,459 565,521 729,078 741,767  ~:tM 656,951 igg:m 6,265.597 t~~:riA  6S2,05t *687,280  i~:i~g 1~N8~ rng:m ~A~:~½8 ~~f:g~ Mi:~ 1J3 ,62: 2 13 .• ~~1 2 -0 , ~.5 280,873 ~28 ,,1 94 290,329  *709,498 7,819,744  ½·~%·~~  """  20 6 13 3  2r9,064  .., 08 569  284,320  2Y~:~ *~6 ,,oas 2:a98:3'n 7 914 3,160,245  190,349  241,380  188,940  225,054  291,202  226.695  170,667 2,540,578  153,066  195,711 3..l0,41:>tl  226,073 354,08:.l  266.570 38i,117  303,fl66 403,570  2v 0 2  v..  252  0  1!  =  .. . . .. .  . S.....  . . . . .. . .  245.7, 5 273,685  21!.l.165 250,33.J  215,070 312,420  7:C,700 811,617  7'9,451 978,1129 1 892,025 018,7iS 1153,4fl81,066,742 1.189,478 1.1 78,9.;o1,50 ',208 1.~31,787 1,050,816 12.428.112 818Jl22 J.119,5911.023.482 1,144,66~ 1,30-!,1}92 l.13l,~511.542.838 1,490,026 1,396,300 1,399,555 1,3;IB,278 14,461,570  ½~:::::::::::·.-.-.-............. ~~~~.~~ctg:1: i~:m }5Z:~~ ~~A:~il ~g:~ 882,M.2 ~U~J ~i~:~~~ :r::gi~ !iH~ ~g:~si ~gg:~8 ~~:tJ N~&~ Scioto Valley26,251 30.379 292,408 28,751 ½~::::: ::::::::::::::::::::::: a8& :3:: 21,712 24.802 ~~:~½8 ~&:~i ~ 28,816 t:8z~ ~i:!g~ 317.063 ~~:~ ~a~i ~g~g ~~:~~ ~u~ ~8:~~ 1881. ....... .. ..... ..... . (100 to 127 m,).. 43,741 48,117 22,917 26,407 26,969 3d,t31J 439,a4 38,t!H) 50,290 51,241 47,076  Texas & Pacific-  1880 .......... ... ... .... (444 to 700 m.).. 1881" ... . ............ (700 t0 1,053 m.)..  Wabash St. Louis & Pacific18'30 . .... . .. .. .. .. . (!,f>5~to2,470m.) 1881*. . ....  .. . ....... (2,479 to 8.350 m .) .  1  I  264:t0J  l ~~:m m:m  3,921,569  * Approximate figures. t And 66 miles of canal. ; The August, September and October earnin11:s in 188! are approximate and do not include amount received from interest and divictends; this amount was $4,808 per month in l830, $3.372 in 1879 ann $5,061} in 1878. § Earnings first au: months are based on 508 miles-remainder of year on 900 miles. r Including earnings of Ohio Division, 180 miles additional,   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  RAILROAD BONDS.  48  PRTCES OF RA. 1LROA.D BONDS.-1878. BONDS.  JANUARY l!'EBR'R¥ .  :"1AltCH.  APRIL.  MAY.  J UNE.  JULY.  AUG UST. SEPT'BElt. OCTOBER.  NOV'BEH. DEC'BER.  _ _ _ _ _ _ _ _ _ _ High. Low High. Low High. Low High. L ow High. L ow High . Low Hig h. Low High. Low High. Low High. Low High. Low High. Low  Bost. H. & Erie-1st lU.. 12 - 12 14½- 12¼ 13)4- 13}.J 11%- 11% ... . 29 - 25½ 27 - 26¼ 29¼- 27 31 - 28 1st mo1·t., guar .......... .... - . . . . . . . - . .. . 12 - 12 12 - 12 .... - .... .. .. - ........ - . . . . 28 - 25 81 - 31 Bur.Ced.Rap.& N.-lst. 63¼- 58 66-¼- 62½ 70 - 66 69H- 68 73.½- 68 70¾- 68¾ 74¾- 69½ 72¼- 69 72½- 70)4 60 - 68 71§~- 68-¾ 75 - Gil M'polis & St. L.-lst . . . . . . - . . . . 75 - 75 Can.South'rn-lst,lluar . .... - ........ - ....... . - ...... . . - ........ - .... 77 - 76 78 - 78½ 75 - 73 75½- 7{.½ 75¾- 72¼ 75½- 74¾ 7.Y.r 74¾ 1st, skg.fd.,coup,,1906 65 - 59½ 67 - 65 68 - 68 67½- 67 72¼- 72¼ .... - ........ With int. ce1·tUicates . 64½- 59 66 - 64 64¼- 64¼ 66-¼- 66¾ .... - ........ - . ....... 1st, sk1r. td., rejl... .. .. . . 61¼- 60½ 64¼- 64¼ .... - . . . . 66½- 66½ .... - ........ - ........ Debentu1·e certificates 61 - 60 66½- 64 67¼- 64 60 - 66½ 73¾- 68 76¾- 73½ . . . . Ches. & o.-lstmort ... .. 25 - 24 .... - .... 24½- 23 27)4- 27¼ . . . 26¾- 25 32½- 25 32)4- 28 30 - 28 .... - . . . . 27¼- 27 Chic. & Alton.-lst ...... 114½-111¾ .... - .... 115 -115 116 -116 116 -115¼ 117½-117½ 114)4-114¼ 115 -114½ 115 -114½ 114¼-114 115 -11-l}J 117 -117 Income ... . .......... ....... ... - .... 1.05 -105 108 -107 105 -104½ 105 -105 105 -105 106 -106 ... . - ........ - .... 104¾-104 105¾-104 104¼-104¼ - ........ - ........ - . . .. 101 -100½ 101 - 99¾ Sinkin1r fund ............. •·· • .Joliet & Chic,-lst . ........ - .... 110½-108 110½- 110½ .... La , & l\lo.-lst, guar .. .... - . . . . 90 - 90 92 - 90 95 - 94 96 - 95 90 - 07½ 101 - 99 97¾- 97¾ 100¼- 99¼ 100½-100¼ 100 - 99:J,.i 103 St.L . .Jack.& c.-lst ... 105 -104¾ 106 -106 107 -106 104¼-103¼ 105)4- 10-1¼ 107 -105¾ .... - . . .. 109½-108½ .... - .... 105 -104 104)4-104¼ 108 -107 Chic.B. & Q.-lst, 8s ... . lll¾-111½ 113 -110½ 114½-112¾ .... - .... 113½-112¼ 115¼-115 112½-111½ 112 -111½ 112¼-llll}.i 111%-111¾ 113)4-111¾ 113½-113 Consol. mort., 7's . ....... 109¼-109 110 -109¾ 110)4-109½ 111)4-110¼ 112)4- lll'A 113½-112¾ 113¼-110¼ 113½-112:U 113¼-113½ 114¼-113U 115½-114¼ 117¾-llol}i ~s, sinking fund.... . . . . 90½- 90½ 91¼- 90¾ 91½- 91¾ . . . . - . . . . 91½- 91½ 93 - 93 93 - 93 93 - 93 . . . . - . . . . 93 - 93 93 - 93 Cl1ic.R.I.P.-S.F.,inc,6s 108)4-108¼ .... - .... 106 -106 106 -106 .... - .. ...... - .. ...... - ... 108 -107 .... - .... .... - ........ - ........ - ... . 6s, 1917', coup ..... . .... 107 -106 107½-107 108 -107½ 108 -107¾ 100 -107¾ 110½-109 108)4-107¾ 108½-108 109¼-108).<.i 109¾-109 110½-110 111¼-110½ 6s, 1917', i·ell-• ........... 107 -106¼ 107½-107¾ 108 - 107¾ 108)4-1077,1i 109 - 108¾ 109½-109¼ 108 -108 108½-108¾ .... - .... 109¾-109¾ 110¾-110½ 111¼-111 Keo,& D,l\1,-lst, /is . . . · · .. - .... · ... - .... · · ·· - · · · · · · · · - · ·· · · · · · - .... 86¾- 85¾ Central of N . .J e1·seyIst M., • 90 . . .... ... ....... 114½-112% 111 -110 111½-110¾ lll½-110¾ 112 - 111½ 115 -113 ll6 . -115\4 112½-112 114 -113¼ 114 -113 114 -113¾ 116 -115 1st, consol.... . . . . . . . . . . . . 67 - 64~4 68%- 65½ 68¾- 64¼ 69¼- 68 82½- 70 88 - 87¼ .... - . ... 857,!- 82½ 90 - 83 85 - 85 82 - 82 88 - 88 Convertible . . . . . . . . . . . . . . 63¼- 61½ 67½- 63 68 - 63½ 68 - 65½ 80 - 70¼ 82 - 79 88½- 83 . . . . - . . . . 85¼- 85¼ 81 - 81 86½- 82½ 85¼- 85½ Leh.&W.B,-Con,1iuar 36 - 30½ 39½- 34½ 39¼- 34¾ 41 - 3S½ 48 - 40 51 - 45 72 - 55 607,(- 55 60 - 60 66 - 59 60 - 55½ 53 - 50 Am. Dock & Imp... . .. .. 44 - 41 44 - 43 44 - 43 44 - · 41% 50½- 43½ 50 - 50 64¾- 64½ .... 59 - 55 60 - 56 . . . . 50½- 49½ 1st, consol., assented . . . . . . 73½- 68¾ 73 - 681}.( 72 - 6'i'7,1i 73¾- 68½ 77¼- 71 73¾- 71½ 73 - 66 1st, conv., assented .... .... 67¼- 67 70 - 68½ 76¼- 70 70 - 69 73 - 68½ 72¼- 68¾ 73¾- 69 71½- 65 82½- 80 83 - 80 $1,000 adjustment ..... • •.. Leh.&W.-Cons.,ass'd .... 49¾- -15 45½- 35 44 - 39 37¾- 35 - .... 62 - 46 -15 - 43 A.m.D. & I. Co., ass'd.. . .. . 55 - 55 50¼- 45 - .... .... - .... 50 - 50 C.ll1.&St.P.-lst,8s,P,D 122 -119 117 -116 118)4-116¼ 118¼-117½ 121 -118¼ 123 -121 122%-121½ 119 -118 119 -117 1191}.(-119 122 -120 122 -121½ 2d mort.,7' 3-l0s,P. D. 103)4-103¾ 102 -100)4102½-101)4 103)4-103 .... - ... . 109 -107½ ... - .... 103 -103 105½-104½ 106 -105¼ 107 -106 107¾-107¾ 1st, 7's, gold, R. Div .. . 98 - 96¼ 100¼- 97½ 105 -104¼ 104¾-103.½ 106½-104 107 -106¼ 105½-104 104 -102½ 104)4-101½ 104 -103 107 -104% 107½-106¾ 1st mort,La Cr. Div ... 105½-103 107 -105¼ 107 -106% 107¾-106½ 109½-107¾ 111 -110½ 108 -107½ 107 -106 106¾-105½ 108 -107 110 -108¾ 110 -109½ 1st mort., I. & M. Div. 97 - 94¾ 98 - 95¾ 90¼- 97¾ 99½- 98¾ 105 - 99½ 105¼-103 102%- 98¾ 100 - 98 100 - 98¾ 102 -100 106 -105 106½-105¼ 1st mort., I. & D. Div . . . .. - .... 93,½- 93½ 96 - 96 .... - ... .. ... - ....... - .... 100 -100 100 - 97½ 98½- 98½ 101 -101 - .... 100 -100 lstmo1·t., H.&D.Div . .... - .... 94½- 93¼ 96¼- 95¼ .. .. - ....... . - .... .... - .... 100 -100 - .... 100 -100 1st mort., C. & .lll, Div, 103½-100½ 105½-103 106 -104~.! 105½-105½ 107%-105 109 -109 104 -103 103n-102 103 -102 103½-103½ 111 -107¼ 110¾-110½ Consol., sinking fund.. 93¾- 91¼ 93¾- 92¼ 96½- 93¾ 97}.i- 96 102¾- 97 102¾-100½ 101 - 96 97¾- 03½ 96 - 03¼ 99 - 94¾ 100½- 98¾ 102%-100¼ 2d mort ............... ..... .... - .... 100 -100 97 - 97 .... - .. . 100 -100 100½-100½ ... . 1st. I & D. Exten ...... • •.. Chica1ro &NorthwestSinking fund ......... .... 111 -111 109 -109 110 - 109 10$¾-108¾ .... - ... . lll½-109½ .... - .... 107½-106½ 109 -108 .... - .... 109¾-109¼ Interest ............ .... ... 109 -107 109 -109 109¼-108½ 109 -108¾ 105%-105¼ 105¾-105¾ 106¾-106¾ 107 - 106½ .... - .... 106)4-106¾ 105)4-104¾ .... - ... . ConsoJ., quarterly ...... 109 -108 108¾-107½ 109 -107½ 109 -108½ 110 -108 110)4-109% 112 -111½ 110¼-110 110½-110 112½-110¾ 112¼-110 114¾-112¼ Extension ..... ..... .... ... 107 -107 108 -108 .... - ........ - .. . ..... - ..... ... - ........ - ........ - . ....... - . ... .... - ... 106½-106½ .... - . . . 1st mort . .................. 109¾-109 107¾-106¾ 108 -107¾ 108)4-108 109 -108¾ 110 -110 110 -110 107½-106½ 107¼-107 107½-107½ 107¾-107¾ 109½-109 Gold, coup.... .. . . . . . . . . . . 93½- 91% 94¼- 93¼ 97¾- 94¼ 98½- 97 103¾- 97¾ 100. - 96 101%- 98 100¼- 96 102¼- 98¾ 103 -101 106¾-103 104 -102 Gold, i•eg... .. . . . . . . . .. . . . 93 - 91¾ 93%- 93¼ 96 - 96 97½- 97¼ 102¼- 98¼ 99 - 98 101)4-100 99½- 98 101* 913¾ 102½-102 105¼-102¾ 102%-101¾ Iowa Mid.-lst mo1·t . ...... - .... 96 - 96 99 - 09 .... - .... 106 -105 103 -100½ 105 -101 105 -101 Gal. & Cbic.-Exten ... . 109)4-107¾ 106 - 106 107 - 106½ 106 -105¾ 107¼- 106½ 107)4-107¾ .... - . .. . 104½-104¼ 104½-104½ .... - . . .. 106¼-106¼ Peninsula-1st, conv . .. .... - .... 110 -110 .... - .... 110 -110 • .... - ....... . Chic. & Mil.-ls ........... - .... 107¾-107 108½-107½ .... - .... 109 -109 111 -111 108 -107½ 106 -106 .... - .... 108½-108½ .... - .... 111 -110 Winona& St. P.-lst .. 87 - 87 90 - 80 93 - 89½ 94 - 93¾ 98 - 96½ 101¾- 99½ 101 - 98 101 -101 102 -102 102½-102 104 -103¾ 104 -103¾ 2d mo1·t.. ..... ............. 78 - 77 .... 81 - 77 82½- 81 92½- 82 92 - 91¼ 90 - 88 . . . . 90¼- 90 90 - 88 91½- 91¼ Chic. St. P. & M,-lst . . . . . . . . . . . 83¼- 80½ 81 - 79 87 - SO¼ Land grant, income .... .... ........ - .... 40 - 39½ 43 -42¼ Cin.& Sp,-lst,C.C.C&I. . . . . - . . . . 68 - 68 lst,L.S.&M.S ......... .... - .. .. 77 - 76 C, C. C. & 1.-lst 7's, S.F. 109 -108¾ 109½-109½ 110 -109½ 111 -109¾ 108½-107½ 108½- 108¾ 108½-106½ 107½-106½ 10 ½-107½ lll¾-110¾ 109 -107¾ 111 -109¼ ConsoJ................. . . . . . . . . - . . . . . . . . - . . . . 88 - 88 . . . . 85½- 84¾ 84¾- 84¾ 87½- 83 89 - 86½ 99½- 88½ 92¼- 01 Del. Lack. & W.-2d M. 107 -107 107½-107 - .... 104½-103¾ 106 -104¼ 106 -106 106¾-106¼ 106¾-106½ 104 -103 103 -103 104 -103½ 105½-105¾ 7's, convertible .............. - .... 100 - 100 - ........ - ........ · .... 103½-103½ .... - ...... . . - ........ - ... . 1st, 7's, 1907'... .. ........ . . . . - . . . . . . . . - .... 10-l¾-10-1¾ 105 -10-1¼ 106¾-106¾ 107 -106½ 103½-103½ 103¼-102½ 104%-103½ 105 -100¼ Syr.B.& N. Y,-lst,7's ..... - .... 101½-101 102 -101½ 103 -102 103}1;-102¾ 103¼,-103}4' 104¼-103¾ 101½-100¾ 101 -101 101½-101¼ Mo1·ris & Essex-1st ... 116 -115½ 117½-116½ 119 - 117¼ 120 - 119 117 -110 118 -118 119 -118 119 -118½ ll9¾-117½ 121 -119 !17 -116 117 -116 2d mort . ................. 108 -105¾ 104 -103¾ 104¼-103~ 105 -104½ 107 -104-¾ 107½-106¾ 107%-107¾ 105)4-104½ 104¾-104½ 107 -105½ 107¾-107 108 -107¾ Bonds, 1900 . . . ............ 74 - 74 Consn·uct . . . . . . . . . . . . . . . . . . . . . 75 - 74 . . . . 80 - 80 89 - 89 86 - 86 5 - 85 - . . . . . . . . - . . . . 81 - 81 7's of 187'1 . ............... 96 - 94¾ 95 - 94¼ 98 - 94½ 97 - 94½ 99¾- 97 100¼- 99½ 101 -100¼ 102 - ~9 .... - .. .. 101½- 97 100¼- 99 100 - 97 1st consol., guar. ..... . . 83)4- 80 87 - 86½ 87 - 80 88¾- 86¾ 93½- 88 92¾- 90 93½- 93 92 - 91 94 - 92 93¼- 90 93 - 92 89 - 86 De1o& H.Canal-lst, '84 96½- 96 96 - 95½ 96 - 93¾ 98¾- 97 102½- 99 102½- 98¼ 99%- 98½ 101½- 98 101)4-101 99½- 97 97 - 96 97 - 94 1st mort., 1891 . . . .. . . . . 97 - 96 08 - 95¾ 97 - 95 100 - 97 103 - 99½ 103 -102¾ 101 - 99 100½-100 101%-101 99 - 98½ 98 - 96¾ 97 - 95 1st mo1·t., extemled .... .... - .... . ... - .. .. .... - .... .... - .. .. 102½-102¼ .... - .... 103¾-103% 100 -100 Coup., 7's, 1894 , ........ 95)4- 93 95½- 94 98¼- 95 96¾- 95 100 - 06½ 100¾- 99¾ 101½-101¼ 103½- 02 103½-102¾ 99 - 97 96¼- 95 94 - 94 Reg., 7's, 1894. .. .. . . .. . . 96¾- 96 97 - 96 100 - 95 96¾- 96 100 - 98 101 -101 101½-101½ 103)4-101 - .... 100 - 98 96½- 95½ 94¾- 93¾ A.lb. & Susq,-lst mort 109 -108 109½-109 110 -100 - .... 110 -108 lll½-111½ 112 -111)4 .... - .... 2d mort .. ........... . .. 98¾- 96 99 - 98 98 - 96¼ 97 - 94¾ 101½- 98 102)4-102¼ 103¾· 102½ 10::J - 103 ... . - ... . 95¾- 95 100¼- 97½ 100,:!- 99¼ Renss. & Sar.-lst, cp . .... - ... . 111:):£- 111¾ 116 -116 .... - . . . . 114½-113 115 -115 - .. . 116 -116 114½-114¼ 1st mort., reg .......... .... - .... 113 - 113 116 -115½ .... - .... 114½-114½ 115 -115 116 -116 116¼-116¼ ... . Denver & Rio Gr.-lst .. ... . - ..... . .. - . . . . . . . 92¾- 80½ 93¼- 87 Erie-lstmort., exten ... 111¾--110 112½-112 113 - 112¼ 114½-113 112 -110½ 113½-113 116¾-115 116 -110 116 -115½ .... - .... 115 -113¼ 115½-114¼ 2d mort., 187'9 ... ...... 1051/,rl05J4 106 -105¾ 104 -102 104 -103 104¼- 103¾ 104 -103¾ 105%-104¾ 107 -106¼ 103½-103 104 -102'"~ 105 -104½ 105 -105 3d mort., 1883 .. . . .... .. 108)4-106% 108 -107 106 -103~i 106½-105)4 107½-106¾ 107}1-107 108½-107¼ 108¾-108½ 106 -105 106½- 105 107½-106¾ 107½-107½ 4th mort., 1880 . . .... . .. 104 -103½ 104)4-104 106¾-104¾ 104 -102½ 104¼-103¼ 105 -104¾ 105 -105 105%-105 106¼-1057,i 104 -102 104 -103¼ 104½-103¼ 5th mo1·t., 1888 . .. . .... 103½- 102½ 104 -104 106 -104 107 -107 110 -107¾ 106½-104)4 108 -107½ .... - .... 107 -107 109 -108 110 -109¼ 106%-106½ Lon1r Dock . .......... .... 109)4-108½ 110 -109)4 110 -109 109½ -109 112 -109½ 110 -108½ 110¼-110 110 -109½ 109¾-109½ 110½-110 113¾-lll 110¼-llO Buff. N.Y. & El'ie-lst 107¼- 105½ 107½-107¼ 108)4-108 108¾- 10 ¼ 109½-108¾ 107½-107 108¾-lOS§s ... - .... 107½-105 109½-108¼ 110 -109½ 108 -108 E. Tenn.Va. & Ga.-7's . . 93 ·- 93 98¼- 97 99 - OS 00½- 99 100 ·-100 .... - .... 100½-100,-~ 100>4-100¼ 100½-100½ 100 -100 101 -100)4104 -101~ E1·ie& Pittsb.-Consol. . - . . . 94 - 90 95 - 91 Gal.H.&Hen.-7's, gold . 79 - 77 .... 80 - 80 . . . 85 - 85 86½- 86¼ . . . . 80¼- 80¼ G1·,Rap.&I.-lst, 1899. 96½- 96 . . • . - . . • . 97½- 97½ 05½- 05 1st mort., guar . .. .. . . .. . 94¾- 92¾ 95½- 93 100)4- 93¾ 09½- 96¼ 99½- 98¼ 103 - 99 101¼-100 Han.& St . .J o.-8s, conv. 87¾- 85 877,1i- 86 85½- 83 90 - 85¾ 96¼- 89 62½- 60 68 - 62 70 - 70 . 60 - 60 .. Houst. & Gt.N.-7's. ctfs. - .. .. 57¾- 57¾ 50 - 50 20 - 11 Con"\'. 8s, 1891 . ...... . .. Illinois Central. 104 -104 Dub,& Sioux C.-lst . . 106 -105 106 -106 2d Div . .......... . . .. ... 105 -105 106¾- 105¾ . . . 104:)4-104-¼ . . ½- 88½ 89 - 87 90 - 90 Ced. F. & Mlnn.-lst . 83¾- 83½ 85 - 84¾ 85 - 84½ 90 - 86½ 91 - 90 92Y.r 90 89 - 89 90 - 87 30 - SO 23½- 23½ 25 - 24 lnd'sBl.&W.-l&t . .. . ... . - ... .... - . . 18 - 18 . . . - . . ...... - .... 23 - 23   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  RAILROAD BONDS.  49  1878-Contlnn ed. BONDS.  JANUARY FEBR'RY.  MARCH.  APRIL. MAY. - - - ---,----1- ----1----  1-- _ _ _ _ _ _ _ _ _ , High.Low  JUNE.  JULY.  AUGUST 8EPT'Bll:R. OOTOBBR. NOV'BJCR. DEO'BIIIL.  Higb. LClw Higb. Low High. Low High. Low High. Low High. Low High:Low High. Low High. Low High. Low High. Low  d'IB.&W.-lst int.ctf"s . . . . . . . . 22¼- 22¾ . •. . - . . . . . . . . - . . . . . . •• - .... ternat'l-lst, 7s, 1911 ... - ....... . - ... . .... - ..... .. . - . . . . 55½- 55½ . .. . - ... . .... - ........ - ........ - . . . . 68½- 68¾ •••• 1st, 7s, certfs .............. .. - . . . . 58 - 58 56 - 56 56 - 56 58 - 57 60 - 60 65 . 65 . . . . - ........ - • . . . 68¾- 68¾ 71 - 64 71 - 70 ake Shore & M. IS.Mich. So,-Skg. fd,, 7s. 111- 110¼ 111 -110¼ 112 -110¾ 111¾-111 101:l¼-108 109¾-109¾ 109½-109½ 110 -109¼ 111 -110 111 -11~~ 10~-108 110 -l0SM Cleve. & Tol.-Skg. fd. 109½-109 110¼-110¼ 110½-110½ 110½-110¼ 110½-110¾ .... - ........ - .. .. 110¼-108¼ . . . . New................... .. . . . . . -· .... 108¼-108½ .... - ........ - . .. . . . .. - .... 107¼-107¼ 108¼-107:li( Cleve. P. & Ash.-Old. 104 -104 . . . . . . ... 103 -103 103 -103 105 -105 .... - .... 102 -102 .... - .... 10$½-103½ .... - .... 104 -104 .... - .... New ........ .. .. ......... ..... - . . .... . . - .... 110½-110½ . . . . - ... . 110½-110½ 110½-110½ 111 -110¾ 110 -110 lll½-111½ 110¼-110 109½-109½ 110'-(-110¾ Bn1falo & Erie-New .. 109 -109 110½-110½ 112 -110 .... . - ........ - .... 111 - 110½ 111½-111¼ 111 -111 111½-lll½ 111 -110 111½-111½ 111 -111 Buff: & State Line-7s .... - ... .. ... - .... 104¼-104¾ ... . Kal.&W.Pi1reon -lst .... - .. .. .. .. - .... 96 - 96 .... - ....... . - ........ •- .... 109 -109 .... - ..... . Det.Mon,&T,-lst , 7s . 107¾-107¾ 104½-104 106 -105¾ 106½-106% 108½-107 109 -109 110½-110½ .... 108 -108 109 -108 109¾-109 109 -109 Lake Shore-Dividend 109¼-108¼ 110 -109 110 -110 107 -107 110 -109 111 -110½ .... - . , .. 111 -109 - .... 111 -108 110½-110 110½-110¼ Consol., coup., 1st .... 109¼-109 110¾-109½ 11()%-110½ . . . . - .... 112¾-110 . . . . - .... 112 -110¾ 112 -112 114 -112½ 11$½-113 .. . . - ... 114 -114 Consol., reg., 1st ...... 109¾-109½ 110 -110 110¾-110 109¾-109 110½-109¾ 111¾- 109½ 113 - 111½ 112 -111 .... 112 - 111 115 -113 11$¾-113 Consol., coup,, 2d.... . 98 - 97¼ 97½- 96 98¾- 95¾ 100 - 98¼ 103½-100 100¾-100 102½-100 103¾-103 105 - 103½ 106 -106 106 -105½ 104¾-104½ Consol., reg., 2d .... . . 98 - 96½ 97 - 96 98¼- 96 100 - 97¾ 103 - 99 100½- 99 102½- 99 103 -102¼ 104 -104 107 -105 105½-102¼ 104¾-103 ,&Na h.-Cons.,7s.'98 102½- 99¼ 107 - 102¾ 105½-105½ 102 -101 lOS½-101½ 104¾-103¾ 106 -104¾ 106 -105½ 108 -107 104¾-104¾ 104½-104 105 -104 2d mort., gold, '83. . . . . 84 - 84 89 - 88 88 - 87 90 - 89 88½- 86½ 88 - 88 88 - 87 87½- 87 87¾- 87½ 90 - 89¾ 90 - 87 91 - ~ onirlsland-lst M., '98 92 - 92 .... - ..... ... - .... 99 - 99 ... . - •.•..... - .... 101 -101 101 -101 .... - •... 100 - 98 ar. & Cin,-lst mort .. • ... - ........ - .... 81 - 81 emp.&Chas.-lst, '80 •··· - .... 100 - 99 .... - .... W - 99 ••.• ich. Cent.-Cons. '7s .... 107 -105¼ 107 -106¼ 108¼-106% 110½-108½ 109¼-107 110½-109¾ 112 -111½ 112¾-111 112 -111½ 115 -113 111¾-ll~ 112 -110½ lstM. 11 8 ,,'82,skg. fd, 112 -112 111¾-lll 114 -112¼ 109¼-108½ 109½-109 110½-109¾ 111¾-109¾ ...... .... 112 -111 108 -108 109½-109 109':(-109J11 o,Kan.&T.-Assen ted 45½- 44½ 43 - 42½ 43 - 40½ 47 - 41 44 - 42½ 44¼- 40½ 42 - 4o 40 - 39½ ~ 89½ 45½- 42 53¾- ~ 55¾- 47¾ 2dlnc., 1911. ... ...... ...... - ........ 12 - 10 13 - 10 10½- 9 10 - 10 - ... ..... - .... 11 - 10 11 - 10¼ 18¾- 10 19¾- 14½ Han.&Cent.Mo.- lst .. 85 - 85 84 - 82½ 82 - 80 .... - . .. 85¾- 85 86 - 86 .... -· ........ - ........ - .... 98½- 92¾ 92¼- 90 97 - 94¼ ashv. & Dec.-lst, '7s.. 92½- 92½ 95 - 95 95½- 95½ 100 - 99½ 100 -100 101 -101 .... - .... 100¼-100 100¼-100 99¾- 99¾ lOQ¾-100 101¼-100½ ash,C.&St.L.-1st,' 1s .. 89½- 87½ 91 - 90¼ 97½- 93 97¼- 97 98¼- 98 100 -100 100 -100 100¾-100 101 -100¾ 100½-100½ l~J-100¾ 101 -100 • Y. Cent.-6s, 1883 . .. . 105½-104¾ 105¼-104¾ 106 -104¾ 106 -105¾ 108¼-102¾ 104¾-103¾ 105¾-104¾ 105½-104½ 106 -105½ 106½-106 108¾-103~ 104¾-104 6s, 1887 ...... ............. 104¾-104¾ 106½-105% 106 -105¾ 106½-106½ 107¾-106% 107½-104¼ . .. . - . ... 106 -106 107¼-107¼ 107½-107½ . . .. - .... 6s, real estate .. ............ . - .... 104¼-104½ 104%-104¾ . . . . - .... 103½-108½ . ... - ........ - ... . 104 -104 .... -· . . . . . . . . - .... 103 -102½ 105 -104¾ .... - ... . 6s, subscription ......... 104 -103 105 -104 104¾-104¾ 105 -105 108½-108½ 108%-108% .......... 104½-103½ . . . . - .... 104½-104¾ 103½-102¾ .... - ••.. N. Y.C.&H.-lst,coup . 119 -118 119½-118 120 -118¾ 120 -119 121 -120½ 122 -120% 118½-118¼ 118½-118 119¼-117½ 119¾-119¼: 120¾-119½ 121½-120¼ 1st mort,, reg .......... 119 -117¾ 119 -119 118 -118 120 -119½ 121 -120 .... - .... 118½-118½ 118¾-117¾ 118 -117¼ 119¾-118¾ 119%-119% 121 -120 Hud.R.-2d skg. fd,, 7s 112 -100% 111 -111 112¾-112 113 -118 113½- 112½ 114 -114 111¾-111 ... . - .. . . . . . . - ........ ·· . . . . . . . . - ........ - •... Harlem-1st,7s, coup .. 120 -119¾ 120 -119¼ 121 -121 122 -121¼ 119¼-1f8 120 -119¾ 120½-120½ 121 -120 .... - .... 121)4-121¾ .... - .... 121 -121 '7s, reg ...... ............. 120 -119¾ 119¾-119 120¾-120 121½-12t¼ 119¼-118 119¾-119¾ 121 -120 120½-120 120¼-120¾ .... - .... 118¼-118 120½-119¼ .Y.Elevated-lst,1 906 81 - 70 83 _ 81 81½- 80 80 - 80 80 - 79½ 90 - 79¼ 89¾- 83 877k 86½ 91¼- 85 92½- 88¼ 99½- 90 104¼- 97 North Mo.-lst mort ..... 102¾-101~ 103¾-102¾ 10,i¾-103 104½-104 107 -104 108 -106¾ 105¼-104¼ 104¾-104 104¾-102¾ 105 -104½ 107½-105 107¼-106¾ Ohio&Miss,-Cons . S.F. 100½- 99¾ 97½- 95¼ 98½- 96½ 99½- 98¼ 100 - 97½ 102 -100¾ 99 - 98 98½- 97~ 101½- 90 108 -101 105 -103 103¼-101½ Consolidated ............. 100 - 97 97¾- 95½ 98¼- 95½ 99 - 98½ 100¾- 97 101¼-100¾ 98¾- 98 98½- 97½ 101¾-100 103 -100¾ 104%-100 103 -100¼ 2d, consolidated. . . .. . . . 57 - 5-1 54 _ 52 57½- 50 68¼- 59 60 - 58½ 60½- 58 59 - 57½ 65 - 59 67 - 68¾ 70 - 63¾ 78½- 61:l 74J1i- 71¾ Pacific Raih·oadsCent. Pacific-Gold ..... 105¾-103¾ 105%-104¾ 106¾-105¼ 106 -105 108½-105¼ 108¾-107!1,i 106¾-105¼ 106½-105¾ 106¾-10;5% 106¼-106 1077k106¾ 108'7kl07¾ San Joaquin Branch 87 - 84½ 86¾- 85 89½- 86 86 - 85 93 - 85¼ 91¾- 90¼ 98 - 91¾ 93¾- 92 98¾- 92¾ 90¾- 88¾ 92¾- 90 94¾- 92 Cal. & Or.-lst mort. 85½- 82¾ 84¾ -83¾ 87¾- 8-1 87 86 94¾- 87 98¾- 1:12 92½- 90½ 92¼- 91½ 92 - 91½ 92 ·· 90¾ 98½- 92 96 - 98¾ Land arrant............. . . . . - . . . . .. . . _ . . . . . . . . .. . . . . . . . . . . . .. . . . . - . . .. 1:15 - 98¾ 97½- 95 96 - 95 96¼- 96¼ . . . . - . . . . 92¾- 92¼ 95¾- 93 Western Pacific ....... 101 - 99 102 -101 108½-101¼ 108¾-102¼ 108 -102¾ 105 -108¾ 108 -102¾ 102½-101¾ 108 -101½ 108 -101% 104½-104 105¾-1~ So. Pac. ofCal.-lst .... ... . - ........ _ ........ - . . .. 98 - 93 93½- 93 94 - 94 .... - .•...... - ....••.. - ... ..... - .... ~ - 94 95 - 94¼ Union Pacific-1st ...... 104¼-108% 105¼-104¾ 107¼-105¾ 106½-105 108¾-106 108¾-107¾ 106½-104¾ 106¾-105¼ 106%-10;5% 107 -106¼ 107¼-106¾ 109 -107¾ Land irrant ...... ...... 104½-103 104¾-104 106)4-104¼ 10$¾-102½ 106¾-108¾ 1077kl06J4 108¾-107¾ 106¼-104¼ 107¾-105% 106 -104¾ 106½-105¼ 109 -106¾ Sinking fund ... ........ 96 - 93½ 97½- 95% 95½- 92¾ 96 - 98½ 100½- 95½ 103 -101¼ 105¾-100 104 -102¼ 100½- 99½ 101½- 99½ 103½-101 109 -10~ Pac. R. ofMo.-lst lll .. 102 -100 100 _ 99 102¾- 99¾ 101¾-101 105 -101¾ 104¾-108¾ 106¾-104¾ 102%-lOll}fi 103½-102¼ 104¾-1027~ 104¾-104 105¾-104ff 2d mort.................. 89½- 87 88 .. 86% 92 - 89 93½- 98 99½- 93¾ 100 - 98 100 - 96¾ 99 - 96 100 - 99 100¼- 98 103 -101 104 -103 South Pacific of Mo.... 74¼- 73 74¾- 73 79 - 73¾ 77½- 76 82¾- 76¾ 87 - 81½ 84 - 82 85 - 84 84½- 83 85¾- 83¼ 90 - 84½ 91¾- 89¼ Kansas Pacific,1st,6s, '95 .. . ... . .......... . - . .. . 104 -104 - .... 103 -108 .... - .... 104½-104¾ .... - .... 108¼-107 1st do,, coup. ctfs ..... .... 1st mort., 6s, 1896 ...... . . • . . 80 - 80 100¼- 91:l . ... Conp. ctf"s......... . . . . . . . . - . . . . 97¾- 95½ 100½- 97¾ 102½-100¼ 102¾-100½ 100¾- 98¾ '1s, Leav. B1·., cp.ctfs, .... _ - . . . . . . . . .. . . . . . . . . - . . . . 40 - 40 . . . . - . . . . 42 - 4! '7s, R. & L. G. D., '99 ... . 78-78 .... Coup. ctf"s . .. ......... . ... . - . . . . 66¼- 68¾ 72½- 65¼ 74 - 70¼ 78½- 71¼ 78¼- 71¼ - .... 67-67 .... '1s, Land grant, 1880 . . . . - ........ . ... 21 - 18½ .... 2d mort., '1s, 1886 .... ... . - .... 18 - 18 . . .. Coup. ctf"s ... .............. _ 16 - 18¼ 18¾- 14¼ 16½- 15¼ 20 - 18 . .. . lnc.coup,No,11,19 l 6 .... _ - . . .. 13 - 12 . . .. - .. . . 16 - 14½ . . . . - . . .. 14¼- 14¼ inc,coup,No.16,19 16 9¾- 8 15¼- B½ 18 - 11 19 - 15 20 - 16% 18½,- 13 18 - 18 13 - 12 10 - 10 17 - 13¾ 15 - 14¾ 14¼- 13 2d, income .............. .... _ 14 - 12!1,\ . . . . - · ·· · ··· · · · ·· · · ·· · Pennsylvania RR.Pittsb. Ft. W, & C,-1st llS¾-117½ 118½-118 119 -118¾ 120 -119¾ 121 -119½ 121¼-120½ 119 -118 120 -119¾ 119!4'.-118½ 122 -119¼ 121¾-121 121¾-121¾ 2d mo1·t . ................. 111 -110 112¾-111¾ 118 -112¾ 114 -112¾ 114¾-114 116 - 115 114 -112½ 115½-115½ 115½-115½ 116½-116 117¾-116¾ 118½-117½ 3d mort. •• .. ............. 106 -106 106 -106 107½-105 105 -104½ 105¾-105 111 -107 110½-110 118 -113 115 -114 107¾-107 109 -107¼ 109½-108 Cleve. & P,-Con. S. F. 110 - 110 110½-110½ 110 - 110 .... - ... . 110 -110 .... - .. ...... - ...... .. - ........ - .... 118¾-113 111¾-110 112¼-112 4th mort ...... .......... 106 -104¾ .... _ .... 105½-105¾ 106¼-105½ 107 -106 108 -108 107 -107 105%-105 106½-106½ .... - .... 107½-106½ 109 -108 Col, C, & I. C,-lst lll.. 35 - 82 82¾-~31¾ 35¼- 81 37¾- 35¼ 44 - 87¾ 42¼- 36 45½- 38_½ 45¾- 42 47 - 43 57 - 45 57 - 52 61½- 57 2d mort....... .. . . . . . . . . . 10½- 10 8½- 8½ 8¾- 8¾ 14 - 13 16½- 14 13 - 12½ 14¾- 12 . . . . - . . . . 13½- 18½ 18 - 13 17¾- 15 19¼- 17½ Rome W,&Oa-,-Con. 1st .. . . - . . . . . . . . - . . . . 40¼- 40 38 - 36 87¾- 87 32 - 31 35 - 35 82 - 82 82½- 30 80½- 80 801,(- 30 82 - 30¼ S t , L. &I. lll,-lstmo1·t .. 106¼-10-1 104¼-103¾ 105 -104 104 -103 109¾-104:):1 108¾-106½ 109 -108¾ 104¾-103¾ 104¾-102¾ 106½-104¾ 109¾-107 109½-109 2d mo1•t.................. .. . . . . _ . . . . . . . . - . . .. 65¼- 65¾ .... St. L.Alton &T. H,-lst .... - .... 107 -107 - .... 110 -106¾ 109 -108 110 -110 - .. .. 110 -110 111 -111 112½-112 - .... 105 -103 2d pref. ••. . . . . . . . . . . . . . . . . 88½- 85½ 85 - 85 85 - 84½ 88 - 87 89½- 89½ 88½- 65 70 - 53 60 ·· 60 65 - 68½ 66¼- 63½ 67¾- 67}.( 86 - 86 2d income................ . 70 - 68 69 - 69 69 - 67 70 - 67 62 - 61 64¼- 25 25 - 28 25¼- 19 80 - 80 80 - 26 40 - 81 45¾- SS Bellev, &So. Ill.-8s ... .... {11 - 00½ 90½- 90½ 96 - 96 90 - 90 - ........ - .... 96 - 96 St.L,K.C.&N.-R.e st,'7s . . . . 86 85¼84½ 88 85¾ 89¼- 88½ - . . . . 88½- 87½ 86 St, L.& S.F,-"A," 1906 .... 53 - 50 - . . . . 22~- 22¾ 30 - 25 2d, class "C," 1906 ... . · ►·• 8'3½- 30 2d, class "B," 1906 .... .... _ - . . . . 25¼- 25¼ 25¼- 25¾ . . . . - . . . . 35 - 3@ 85 - 32¼ South Side,-lst lll., '1s.. 38 - 38 ••.• . . . . 98½- 98½ 95¼- 90 80 - 80 - .... 9S-95 Texas & Pac,-lst mo1·t . .... Toi. Can. So.& Det,-lst 42 - 42 .... 50¾- 50¼ .... Tol,Peo. &W,-lst,E,D. 88 - 88 ... . . ... 98-96 .. .. 1st mort., West. Div ... 86 - 86 ... . . ... 95 - 95 .... 2d mort. . . . . . . . . . . . . . . . .. . . . . . . . . . . 26 _ 26 . . . . . . . . 24 _ 2! .. . . - . . . . 25 - 25 Pur.Com. Rect,,E.Div . ... . _ . . . . 95 - 94 95 - 94¾ 98¾- 95 100 - 96½ West. Div ... .............. _ _ . .. . 94.½- 94 95 - 94 98 - 94 100 - 9~¼ Consol. Rect....... . . . . . . . . . . . . .. . . . . .. . . . . . . . .. . .. .. . . . . . . .. . . .. . .. . . .. . . .. . . . .. . . . . . . . . 20 - 20 Tol.&Wab. -lstext.,ex, 103½-101½ 101½-100 100½- 99 102 -100 101½- 97¼ 101¾- 99 102¾-101¼ 100¾- 98¼ 108¼-100¾ 104½-101 106½-104¾ 107¾-106 1st mort., St, L. Div .. . 87½- 87½ .... - . . . . 90 - 90 90 - 90 85 - 8-! 88 - 87½ 89 - 88 98 - 98 Ex coup............ ...... 78¼- 76 75 - 72 ~ 73¾- 69½ 75¾- 70 73%-- 70¾ 75½- 72¼ 79 - 74½ 75 - 72 80¼- 75 84 - 82 87 - 82¾ 89½- 87 2d mortgaire . ....... .. .... 85 - 82½ 86¾- 85¼ 85¼- 82 90¼- 85 897k 88¾ 90 - 88 91 - 88½ 100 - 93½ 100 - 97½ 89 - 88 90 - 88 Ex coupon ............... 71¼- 70 74 - 72 78¼- 70½ 75½- 72¼ 69½- 66 70 - 65 69 - 69 65 - 64 75 - 70 75¼- 71 78 - 70 f;-"l - 77J1i Equipment.......... ...... 10¾- 10¾ . . . . - . . . . . . . . - . . . . . . . . - . . . . 8 - 8 11 - 11 10 - 10 . . . . 11 - 11   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  ~. RAILROAD BON.DS.  tiO  I 7'8-Cloncluded.  - - - ____ ,____ , __________,-_____ , ,- - - -1- ---,----1-----1--- - - - - - - - - - - - - - - - BONDS.  JA NUA RY FE13R'RY .  MARCH.  A PRIL.  MAY.  JU:NE.  JULY.  High. Low High . L ow H igh . L ow H igh.Low High.Low High.Low High. Low High.Low High.Low High.Low High . Low Higb.L  Toi.& Wab.-Cons.conv 50 Con. conv., ex coupon. 43 G. W., 1st, '88, ex cp .. 103 2d morta-aa-e, '93 ..... 80 2d mort., '93, ex cp .. 69 Quincy & T., 1st, '90 . . 81 1st, '90, ex coup.. .... 7u Ill. & So. Ia., 1st, ex c. 83 West. u. Tel.,cp., 1900. 107 Rea-lstered . . .. . . .. ..... . . 107  - 55 57 - 55 52¼- 52 56½- 54 50½- 50½ . ... · - 43 44 - 48 ,. - . . .. 44½- 42 41½- 40½ 41 - 40 - 98¾ 100 - 98½ 99½- 98 100½- 98 100 - 97 101 - 99¾ - 79 81½- 80½ 82 - 82 85 - 82 85 - 83 .... 1 - 67 69¼- 69 69¾- 66½ 72¼- 70 67¼- 65 68 - 65 - 81 88 - 88 . . .. - .. ... .. . - . . ... . .. - . .. . ... - 75 80 - 80 76½- 76 .. . . - . . . . 68 - 68 67½- 67½ - 83 82 - 82 - •• - 106¼ 108 - 108 lios'>(-108 .. i os?4-l08 .. io5¾-105½ ios½-108 .. -106 107¼-107½ 108 -1077,,s .. .. - .... 106½-106½ 108 -108  I ·-  . . .. 102 -102 67 - 66  -  72 - 69  - .... : . . . - . ... - . . .. , ... - .. . . 99 - 98½ 102½-101 - .... 67 -63 72 -67  iio  73 - 73  73 SO ioS¾-108¼ -1io· · 110 109¼-108½ 109½-109 110  - 73 - 80 -109½ -110  55 45 103 86 75  -50 -42 -101 - 86 - 70  72 -60 62 -54 l\J5½-104¾, 91¾- 90 76¼- 70¼  72 -7 60 -5 106 - 10 98½- 9 79¾- 7  75 -75 1 80-80 80 87½- 81½ 91 80 - 80 111 -LO¾ 111 -107½ 110 ....  - ····I···· . ....... .  1 879. BONDS.  JANU A RY F lllBR'RY. M.ARCH.  APRIL.  MAY.  JUNE.  JULY.  High. Low H igh. Low High. L ow H igh . L ow High. L ow High. Low High. Low High. Low High. Low High. Low High . Low High. L - - - - - - - - -- - -- - - - ·- - - - - - - - - - - - - - - - ·- - - - ·- - - - ·- ·- Bait. & 0.- tst, Par. Br. - .. .. 105%-105'}4 106½-10 Bost. H. & Erie-1st . . ... 83¼- 82~ 89½- 35 89 - 89 86 - 85 89 - 86¼ . .. . - ... . ... . - .... 83 - 83 34¼- 83½ 46 - 85 54%- 45% 54¼- 5 Guaranteed .. .... .. .. . . .. 84½- 34½ . . . . - . . . . 82 - 32 . . . . - . . . . . . . . - . . . . . . . . - . . . . 81)4- 31¾ .... - . . . . 45 - 45 . . . . - . . . . 50¼Burl. C.R. & N.-tst .. .. 72)4- 68 78¾- 70½ 73½- 71½ 78 - 78]4 83 - 77¾ 79½- 78½ ~ - 79 88 - 82~1 92 - 86~4 90 - 87½ 91 - 88½ 89 - 8 Ches. & O.-Pur. m., fd . . . .. . 98 - 98 . ... .... - . . . . . . . . - .. .. 100 -100 102 -100½ 100½-100½ . ... - . . ...... - . .. . 103½-10 6s, a-., ser. B., Int. def. . . .. 40½- 87 38 - 83¼ 86 - 85 47!1(- 35½ 44 - 40½ 45)4- 43 45 - 42½ 50¾- 42 58½- 47¾ 67 - 56% 64¾6s, cur., int. deferred . . . . . . - . . . . 18 - 18 10 - 10 10 - 10 24 - 18 21 - 18 22¾- 20½ 21%- 20¾ 26 - 20 82¾- 23 42 - 29 38 - 8 Chicaa-o & Alton-1st ... 116 - 118½ 118½-118¾ 118 -115 116 -116 118½-117 118¾-118¾ 116)4-115.½i 118¼-118 115 -115 US -117 118¼-118 118½-11 Income . .. . . . .. ... . . . ... . .. 106 - 101¼ 106)4-106)4 106¼-106¾ 104 -104 106¾-104¾ 104½-104½ l05 -105 ... . . Sinking Fund .... .. . .. .. . 108'7k101 103¼-108½ 103¾-103¾ 107 -106 106½-106 lC/7 -106 106½-106½ 106 -106 .... - .... 108 Lou. & Mo. River-1st 107 -102¾ 104 - 108 105 - 104½ .... - .... 107 -106½ 110 -108 lP9¼-109% 110 -108 104 -104 108 2nd. ... ...... . . . . . . . . . . . . . . . . - . . . . . . . . - . . . . . . . . - . . . . . . . . - . . . . 98 - 97 100 - 99 .. . . St. L. Jack. & C.-lst. 108½ -108 110 - 109½ 110½-110½. ... - .... 111 -111 . . .. Mo.R.Br., lstS. F.,6s . .. .. - . .. .. .. . - .. .. . ... - . . . . 103 - 108 103 -103 104 -103½ .. . Chic. Bur. & Q.-Ss . .... . 110¾-109¾ 112½-111 111½-111 112 -112 118 -112¾ 118½-113½ . ... - .... 111 -109 .. . . - .. . . 111 -110 112 -112 118:)4-110 Consol, '7s . ......... ... . . . 1177-,(-114¾ 118)4-117 ll?¾-116 118%-1169' 121 - 11 9 121¾-120½ 119 - 118¾ 121½-1207/4 121 -119 121 -120 121½-121 122 - 121 Siuklna- fund, ~s .. . . . . . . . ... - ... . ... . - .... ... . - . ...... . - . . .. 101 -101 101¼-101¾ .... - . . . . 98¾- 98¾ .... - .. . ... "' - .. Chic. Rk. I. & P.-6s, cp. 111½-108-¼ 113¼-112¼ 112¼-111¾ 114¼-112¾ 116½-114½ 1167-,(-115¼ 114 -118¼ 115 -112¼ 114¼-112 114¾-114 115½-114 117½-115 6s, rea-. . . ... . . ... . ...... ... 109½ -109 ll27kl l2¾ 111¼-111½ .. .. - ... 114¼-114¾ 116 -116 114 -114 11$¾-113¾ 114 -113% .... - ... . . . .. - . ..... · . Keok.& D.M.- lst, &'U• 88!,i- 86% 00½- 88¼ 01 - 90½ 92 - 87½ 95 - 92 94 - 98¾ 97 - 95 95 - 93¾ 96½- 94 95¼- 92½ 98)4- 91 98 Centro.I ofN. J.- lst M. 118 - 116 116½-115 116 -114 116 -114¾ 117 -116 118½-116% 118½-118 118 -115 115 -113¼ 115 -114 115½-113½ 118 1st, consolidated ... ... . . 100 - 00 103¼- 99 . ... - .... . ... - .... 106 - 106 . . . . . . . . . . - ........ - .... . ... - ....... . - . ... 107¼-107¾ . ... ll!lt, con., assented . . . .. 81 - 72¼ 89 - 8()¾ 85%- 81% 877k 84½ 94¾- 87¾ 96 - 98¼ 100¾- Q6 101¾- 96 101½- 96½ 105 - 99½ 104½-102½ 106 Convertible .. .. . .. ... . .. . 96 - 87 100¾-100¼ 102 -toe .... - ....... - ........ - .... 103¼-103¼ . ... - ... . .. . . - .... . ... - ...... .. - ..... . .. Convertible, assented. 80¾- 7l½ 88¾- 80¾ 85¼- 82 88¾- 84¼ 95 - 88¾ 97 - 94 101 - 06¾ 101½- 96 101½- 97 105¾-101% 104¾-101 105)4- 102 Acljustment.. .. . .. ...... . . 96 - 83 99¾- 94 98½- 95¾ 105 - 98½ 103½-101 103 -101½ 103¾-102½ 103¾-102 104 -102 108 -104 105 -102 105½-103 Income. ... . . . . . . . . . . . . . . . . 55¼- 54 66½- 52 55¼- 51 60½- 54¾ 66 - 59 70 - 65 80 - 70 79¾- 75 72 - 72 85 - 79 90 - 80 88¾- 82 Leh.& W. B.-Con .... .. 65 - 58½ 78 - 63 75½- 65 75 - 75 87½- 77 95 -· 90 101 - 95 - .... 102 -102 110 -103 .... - . . .. 110 -110 Con., assented.. ...... . 49½ - 85¾ 56 - 46 53½- 47 54 - 50 63½- 52¾ 70;~ 63¾ 83¾- 68 t!4 - 74½ 83¾- 76¼ 93½- 88 96½- 90 95 - 92 Income . . . . . . . . . . . . . . . . . . 20 - 20 23 - 28 25 - 22 85 - 85 60 - 46 62½- 47 58 - 50 54½- 50 71 - 54¼ 71 - 57½ 68 - 67 Am. Dock & Impr.. . . . . 60 - 59 69 - 60 63¼- 63½ 67 - 65 76 - 70 80 - 80 90 - 90 91 - 90 95½- 89 101½- 94¾ 108 -103n. 107 -105 Assented .. .... .. . .... . .. • 58 - 50½ 70 - 61 68 - 62 . . .. 75 - 68 80 - so 90 - 89¾ 91¾- 89¾ 101 - 96 l07 -101½ 106¾-105 Chi .&East.111.-lstM .. . . .... . .. . .... ... . - ........ - .... 95 - 98 Chic.M.&St. P.-tst, Ss . 125 -128½ 125 - 121½ 124 -128 124½-123)4 127 -124¾ 127 -127 - . ... 125½-123½ 124¼-123¾ 126 -125 125 -125 127¾-127 2d mort., '7 3-l0s . .. . . . 110 - 108¾ 108¾-106¾ 110 -109 .... - . . .. 110¾-110¾ 112 -112 - .... 111 -111 .... - . ... 113 -112 118¼- 112 118 -118 '7s, a-old ..... . . . . ... .. . ..... 108 - 104¼ 109¼-107¼ 108¾-108 110½- 107½ lll¾-110½ 114 -lll!J4'1.12½-lll 13)4-111 '¾ 112¼-110½ 113 -112½ 113¼-112¾ 114½-11 1st mort., LaC. Div . ... 109¼-106½ 110)8-109 110¾-109¼ 111¼-110 113¼-112 115 - 113¾ 113 -110 11$%-113 112 -110 lll¾-110 113 -111¾ 114%-112 1st mort., I. & M. Div. 106}4-103 108½-106 108¼-106 . 109 - 106½ 110 - 109½ 118 -111 113 -110 111)4-110½ 110¼-110½ 111 -110 112 - 110 113 -111 1st mort., I. & D. Div. 104½- 100% 108½-108¼ 103½-l0S½ .... - ........ - . ... 106½-106½ . ... - .. . ... .. - . ... 111 -111 1st mort., H.& D. Div . .... - . ..... .. - .. .. 103¾-103¾ .... - .... . ... - ... . . . . - .... . ... - . . . .... . - .. . ..... - .... . . . . 1st mort., C. & M. Div. 110 -107 118 -110 112 - 111 112 -111 112 - 111½ 113¼-:;,13 113 -111½ 114 -113½ 113 -112 113 -112 115 -114 115¼-118 Consol., sinking fund . . 103½- 99½ 103¼-102¾ 104 - 102½ 106¾-102¾ 108½-106¼ 109 -1:JS 106%-105¾ 107 -104 108%-105½ 110 -107¾ 112 -109¾ 112 -109 . 1st M., I. & D. Exten .. 102 - 98 102 - 100¾ 101 - 997/4 102¾-101 106¼-103 108)4-106¼ 105½-104¾ 107¾-105 108 -105½ 108 -IOR 109¾-107 110 - 110 - .... 103 -108 103 -102 6s, S. W. Div ........ . ... .. .. - .... 89-89 ~s, LaC. & Dav . . . ... . . .... - .... 111 -111 112½-106 Chic.&Northw.-Ska-.fd .. .. - . ... 108¾-108¾ 110 - 108 110 -109 111¾-110½ 111¾-111¾ 113 -113 110 -109 . ... . . . 109 -107½ . . . . Interest ... .. . . . .... .. ... . 106 -106 . .. - .... 107 - 106½ 107½-106¾ . ... - ... . . .. . - ... . 107 -107 .... - . ...... . Consol. ... .. . .. . .. .. . .. .... 116 - 114½ 119 -116 ll7 -116 118 -117 119¾-117¾ 121~-119½ 122½-122¼ 121¾-121¾ 119 -118 118%-118 119 Extension .. . .... ..... . .. .. .. . . - . . ...... - .. . . 105½-105½ .. . . - ....... . - .... 108½-108½. ... . ...... . 1st mort . . ... .. . .. ...... . .. lll¾-109½ 108½-107½ 109¼-108½ 109½-109 lll¾-111¾ 112 -112 112 -112 108½-108½ 108 -108 109 -107¾ 108½-108 111 -109 Gold, coupon . .......... . . 107 - 103½ 108¾-106¾ 108 -105¼ 112¾-108¼ 116 -112½ 115 -111 114¼-113),( 114¾-lJ0 114¼-112¼ 115 -112½ 116 -115 115¾-112 Gold, rel:° ••····· ··· · ·· ···· · 106%-103¼ 107)4-107¾ 105¾-105½ 110~108¾ 118½-118½ 114)4-111½ 114¾-112½ 113 -113 114 -113 113½-112½ 115¾-113½ .... Iowa Midland- 1st .. . . . 109½-108 113½-118½ .... - . . .. . . . . - .. . ..... - .... 115 -115 . .. . . . . 113 -113 122 -122 .... Gal. & Chic.- Exten . . . 108¼-107 - . . .. 104¾-104½ 105½-105½ 106 -106 107)4-106½ 108 -108 104 -104 . . .. - .... 104¾-104¼ 104¾-104¾ - ... Peninsula-1st .... . ..... 115 -115 - . .. . 110 -110 . . . . - ... .. .. . Chicairo & Mil.- lst . ... 110 - 110 114 - 113½ 115 - 115 115 -115 118 -118 . .. . - . . . . . .. . -· .... 117 -117 .... - . ... 117 -117 . . .. Winona & St. P.-lst .. 102¾-102 106 - 105¼ . . .. - . .. . 106¾-106¾ 110 -110 109¾--:.09 .... 108 -108 110 -108½ ... . 2d mort. . . . . . . . . . . . . . . . 96 - 94 103¾- 99 102 - 100 106½-101 105¾-100½ 105¾-105 100_:;- 105½ 108 -106 107¾-106 111 -108 111 -107x;'113 -110 C. St.L. & N.O.- lst con . . . . . - ..... . . . - . . . . - . . . . 93½- 92½ 96 - 96 97 - 96½ .... - . . . . 99¼- 99¼ .... - .... lOl½-101 '100¾-100 2d. income .. . .. .. . . .. .. ... ... - ........ - . . . . - ........ - . . . . 45 - 45 . . . . - . ...... . - . . . . 55 - 55 60 - 55 70 - 65 68 - 68 Chic. St. P. & M.-lst . . , 00½- 88 98½- 91 94 - 92 100 - 93½ 104¼- 96 102½-101½ 102¾-102 103½-102 108}4-102 104 -103½ 101 -100 102 -101 Land a-rant, income . ... 50 - 43 57 - 50 52 - 50½ 59 - 59 83 - 65 85½- 82½ 92 - 85 94 - 94 93 - 91¼ 92¾- 91¼ 92 - 90 93 - 91 Cin. Laf. & Chic.- lst . .. .. . . - ..... . .. - ..... . . . - .... 87 - 83 - ........ - ........ - .... 90 - 90 93 - 93 Cin.&Sp.-tst,c.c.c.&1 92¾- 73 91¾- 90½ 92¾- 91 92 - 88½ 96½- 92 96 - 95¾ 95½- 95 o7 - 95.½ 99¾- 97¼ 07h- 96½ 102 - 97x;l102 -1~ 1st, L. S. & M. S. . . . . .. . 98 - 84½ 98½- 97 102¼- 99 101 - 98 1102¼-102 104 -103¼ 104¾-103¾ 107 -106 - .... 107 - 10, C. C. C. & 1.-tst ... . .. . ... 114¾-110½ 116 -115¼ 115 - 114 118 -114 117 -114½ . . . . - .... 118 -116½ 118 -117 116 -115 117¾-115 116 -115½ j117¼-ll Consol. .. ... .. .. . ... ...... . 100 - 91¼ lOO - 98½ 98½- 95 101 - 96 105 -!02 101½- 1)9 105 -101½ 105 -104½ 105}4-104½ 1111/,,-107 1131/.rlll 108¼-107 Del. Lack. & W.-2d . .. . 106½-106 l 0'n(-106¾ 104½-104 - . . . . 105¾-104½ 106 -105½ 106½-106% . . . . - . . .. 104h·-l03½ 104 -104 .... '7s, convertible . .... . . . .. 103 - 99½ 104 -104 104 - 104 108 -106½ . . . . - .. . . 106 -104½ 113 -113 . . . . 114 -114 . ... lllort., 190'7 .. .. . .. ....... 107¾-102 109½-107½ 106¾-106 110 -110 118 -112½ 114½-113 114¾-112 116 -115 113 -111¾ 113 -112 114)4-112½ 115 Syr. Bin. & N. Y.- l s t. 104¼-102½ 106 -106 106½-106 103 - 103 106 -106 108 -107½ 108½-107¾ .. . . - .... 110 -108 115 - 115 115 Morris & Essex-1st .. . 118 - 117 121½-121 121 -120 122 -119¾ 123)4-121 128½- 122¾ 128 - 124 - .... 124 -121½ 125 -122½ 122 - 121½ 126 2d mort . ... . . .. . ... . .. ... 110 - 108 108 -107½ 108 - 108 111½-108½ 113½-111½ 114 -112½ 115½-115½ 111½- lll 111¼-111¼ lll½-111¼ · ·. · - · · · · 112 Bonds, 1900.. .. .. . . .. . . . . . . ... - .... 90 - 90 .... - ....... - ....... . Con~truction . . . .. ..... . . .. . - . . . . 85 - 85 87 - 87 82 - 82 ... - . ....... - . . . . 91 - 91 .... - ........ - . . . . 99 - 01 101 - 99 100 '7s of 18'f1. .. . ........ . . 105 - 98 105 -105 106½-101 106¼-104 109¾-106 110¾-109½ 111¾-110 110 -109½ 110 -109 110½-107¾ 111 -110 112 1st, consol... .. . . . . .. .. . 93½- 86 95 - 91 95 - 94 9'71/4- 94½ 102 - 97¼ 100 - 97¾ 100 - 98 99¾- 98½ 99¼- 98 10',1/,,100 110 - 105 107 D. & H. Canal- 1st, '84 . 98½- 93 100 - 98¼ 99½- 96 99 - 97 103¼-100 104½-100 102¾-102 102¾-101¾ 101½-100 100½-101½ 105 -104;,.( 107 1st mort., 1891 .... . .... 98¾- 92¼ 100 - 98¼ 99¼- 97 100 - 97½ 103¾-100 105 -100¼ 103½-101½ 104 -102 103¼-100 107 -108 106 -105 109 1st, extended, 1891 .. .. 100 -100 100 - 100 97½- 97 99 - 99 .. .. - ........ - ...... .. - .... 103 -103 .. . . - .. . ... . . - .... . .. . '7s, coupon, 1S94 . .... . . . 101¾- 94 102 - 100 102¼-100½ 99¾- 98 105 -lu0 104½-103½ 105½-104 106¾-102½ 107½-103 105½-104 106 -106 109 -107 '7s, reg., 1894.. . .. .. .. . .. 98¼- 94 102 -101½ 102 - 100 99 - 9~~ 105 -100 104½-104 i05 -104½ 106~-103 105 -104¼ 106 -103 107%-106½ 110½-109 1st Pa. div., coupon . . . . 102¼-102½ 103¾-103¼ 100¾- 99¼ 101%-100 108 -103 108 -107 108½- 107½ 109½-109½ 106 -106 108¾-106 109 -108½ 110½-110 lstPa.dlv.,rea- ......... .. .. - . . ...... - ........ - .. . . 101¾-101¼ .. .. - ... . 108 -107 108½-107 .. . - .... 108½-108½ 109½-108 110¾-109 Alb. & Sul!lq,-ht m .... 111,(-109 ... . - .. . . .. .. - .... 114½-112 115 -113 114 -114 112½-110¼ lll¼-111¼ .... - . ... 113¾-118 113½-113½ 115 -118 2d mort .... . .. .. ... .. .. . . 103 - 100 103)4-10$¼ 104 -107 106½-102 lOll½-105¾ 106½-105% 107 - 105 108½-108:½ 107 -107 . ... - .. . . 107 -105 107 - 107 1st, consol. . .... .. . .. ..... . . - . . . . 97 - 97 . . . .· - . . .. 100 - 99 102 - 99 102¾-102 104 -102 105 -104 103 -103 105 -105 .... - • • • • 105¼-105 Rens. & Sar.- lst cp . .. 118 -118 119 -118¾ 119 - 119 120 -118¼ 124 -124 .... - . . .. 125 -125 - ........ - ....... • - • •· • 123 - 1 28   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  51  RAILROAD BONDS. 18?'9-Continued. TANUARY FEBR'RY.  BONDS.  -------- I. &: Hudson Canalens. & Sar.-lst, reir. nver & Rio G.-bt... Tenn. Va. & G.-lst .. ie & Pitts.-Consol....  MARCH.  APRIL.  MAY.  JUNE.  JULY.  AUGUST. SEPT'BKR. OCTOBER. N0V'BER. DEC'BER.  I- - - - - - - · - - - - - - · - - - - - - - - · - -  fligh. Low High. Low High. Low High. Low High. Low High. Low ~igb. Low ~ H i g h . L o w High. Low ~igh. Low High. Low  118 -118 119 -119 .... - ........ - .... 04½- 87 92¾- 88¼ 93 - 86½ 93¼- 88¼ 103¼-100¾ 93 - 95 99 - 98 100 - 98 .. .. - . .. . 97 - 95½ 96½- 96½ 97 - 6¼ ie-lstm.,extended ... 117 -117 120½-118½120¾-118½120½-118 d mort., 7s .............. 106 -105 107 -106¼ l03 -102½ 103 -102¼  124 -1Z4 .... - .... 98¼ · 89¾ 95¾- 90¾ 10-tJ.ij-102½ 108 -102 .... - . ... 105 -105 120 -119;1(120 -119 103¾-103 103¼-10$¼  - ·- -· - - - 1 - - - - 1 - - --  ... . - ........ - ........ 92¾- 90:Js 91%- 90¾ 97 100¾-100 lOQ¾-100½ 100½103 -ioo .... - ........ 122½-122½122½-122½ .... 104½-103½ 104¼-10~ . .. . -  ........ - . .. ..... - ........ - .. ,. 91½ 98¼- 95¾ 97¼- 98% 95¾- 91 96 101 - 99½ 106 -102 107½-103 - .... 105 -105 .... - . . . .... 128 -122¾l22 -120 121½-120  d mort., exten., iis ........ - ........ - ........ - ........ - ... . .... - ........ - . -...... - ........ - .. ...... - ........ - ........ - .... 105 -102½ d mort., 7s .............. 110½-!07¾ lll½-110½ 107¼-106½ 107¼-107 108¼-107¾ 10!,¾-108 109¼-1~ 109½-108 105 -104 105¼-105 1~105" 106¼-106¼ th mo1·t., 7s ............. 107 -105 106½-106 106½-106 103 -102½ 103¾-108 104¾-103½ 106 -106 104¾-104½ 105 -104~ 102 -101 102 -101½ 102¾-102 th mort., 7 8 _............ 108¼-108½ 112 -112 114 -114 .... - .... 115 -118¾ lll½-111¼ 112 -112 111 -111 110½-110 111 -111 .... - .... 11::. -111 s, consol., ~old ......... .... - ........ - .... 106)4-108 llO -104¼ ES -110 112¾-110¾ 118 -1121/4 118 -110 11$¾-110½ ll~-112 116 -118¾ 117 -115¼ onir Dock ................ 113 -110% .... - .... 117 -117 116½-114 117%-116½ 114 -114 115¼-114½ 116 -115½ 116 -116 115 -114½ 115 -115 114 -11~ utr. N. Y. & Eric-1st. 112½-lll 117 -116 116 -116 116 -114 118½-118½ 117 -115 117½-117 .... - ........ - .... 122 -116¾ 117½-lHI½ 116 -114~ .Y.L.E.&W.. New, 2d con. 6s .. ........ - .... 74¾- 68¼ 78¾- 72¾ 76¾- 71¼ 77%- 75¾ 77¾- 70½ 80½- 71% 87 - 78¾ 92 - 8~ 88½- 82k 2d cons., f. cp., os, 6e . .... - . . . . 67 - 67 78¼- 70½ 80 - 75 75¾- 71½ 76¾- 75¾ 76½- 69 78½- 71 83 - 76½ 88¾- 80 88¾- 77 Income .................. .... 78 - 7S nk. & Kokomo-1st . .... - ........ - .... 98½- 93½ 94 - 93½ 91¼- 90 98 - 91 95½- 91¼ g5 - 94 94 - 94 96½- 94 I. Houston & Hen. . . . . . . . - .. .. 83½- 83½ . . .. - . . . . . . . . - . . .. . . .. - .. . . .. . . - . . . . . . . . - . . .. . . . . - .. . . 90¾- 90 95 - 95 85 - 85 n.&St. Jo.-8s,conv. 107½-101¼ 110*106½ 106½-105}4 107¾-105½ 108½-106½ 108 -106 105¾-101¾ 106½-104¾ 104¾-100¾ 106¼-103~ l<mfr-106 108 -106 us. & Gt. N.-lst, ctf. 73¾- 71 74 - 74 .... - .... 83 - 81 .... - ........ t. Put". Com. Rec..... . . . . 83 - 85 85 - 85 85 - 82½ 85 - 85 88½- 86 98½- 91 91 - 91 9S - 92 d. Pur. Com, Rec..... . . . . . - . . . . 24¾- 24 . . . . - . . . . 24 - 24 86 - 24 83 - SS uston & Tex. Ccn..... 108 -105½ 107¼-10~ 109 - 107,( 108 -107 110 -106¼ ain Line, 1st mort ... .... - .... 105 -104 103½-108 - .... 105 -103½ . . . . estern Div., 1st ...... .... - .... llo,(-110 llQ½-110 110¼-110¼ 108 -108 C., ltiain Line ............ . . . . ff2 02 97 - 97 90 - go c. and Ind'y ........... .... nois Central99 - 90 100 -100 104 -103½ . . . . - ... . 101),,s-100¼ 101½-101¾ 108 -102 108 -108 105 -lOS dar Falls & ItI., 1st. 94 - 91 08 - 08 - .... 45-45 .... 'lie. Bl. & West.-ht 32½- 32½ 84 - 34 - . . . . 71 - 70 69 - 67 'a Bl. & W., 1st, 7s .. .. •. - .... 60-58 mort .................... .... - .. .. 55 - 42½ 62½- 49 come ........................ ernational-lst ... ......... 777,!- 77}< 85 - 81 .... ith ccrtf................ 74½- 71 73 - 73 73 - 77 t. Pur. Com. Rec..... . . . . 85 - 83 86 - 85 SO - 85 85¼-83 86 -85 .... - .... 94 -90 .... - . ... 98¼-9~ I. Pur. Com. Rec...... .. .. 23 - 24 25 - 24Y. 25 - 25 24 - 24 · 23 - 28 24 - 24 87½- 25¾ 84 - SS 34 - 34 erson-lst .............. oo - 80¼ 100 - 92){ C3 - 03 07 - 07 08 - 95 104 -104 10()½-100 1033-fr-108¾ .... - .... 94½- 93 . Bl. & .!Uuncie-lst.. . . . . C5¼- 92 92½- 90¼ 92½- 91 - .... 60-60 71 - 6S 70 - 56 69 - 68 come ................... . c Shore & lU. S .ich. S. & N. I., s. f'. ... levc. & Toledo, s. f ... Newbonds .............. lev. P. & Ash., old b. ew bonds .............. 115. & Erie, new bds . et. ItI. & T.-lst, 7s ... ake Shore Div. bds ... Cons. coup., 1st ....... Cons. rea-., 1st ......... Cons. coup., Zd ........ Cons. re~., 2d . ......... isv. & Nash.-Cons .. mort . ................... ecilian Branch ...... .. ll Island-1st .......... rietta & Cin.-lst .... Cl"lin&'... .... . . . . .. . . .. .. m. & Charlel!l.-lst ... mort....... ............. tropol. Elevated-ht h. Cen.-Confl., '1s .... t, 8s, Sinkina- Fund ..  - ... 57-57  110¾-109¼ 108¼-107¼ 109¼-100¼ 102 -101}( 113 -112),(  11.l -110¾ 109¾-108¾ .... 103 -103 115 -115  lll½-1109:J 112)4-111¼ 110¼-100 100¼-109¼ 110,Y.,110 112 -110½ - .. .. 103¼-103½; 104 -102>( 103 -103 .. .. - .... 108 -108 .. .. .... - ........ - .... :14 -114 110 -118 a7 -116½ 112 -112 111 -111 112 -112 .... 112¼-112¼ 116 -115¾ 114 -114 113 -112¾ 115¼-115>( 114½-113).( 117¾-117 117 -llB:½ 116,¼-116½ 121 -11~ 115 -113¼ 117½-110¼ 117 -116½ 118½-116½ 119½-119 108½-105½ no -108 110 -109 1103,£-110 113¼-111 108½-104 1007,1-108 109½-109 .... - .... 110 -115;{ 10S¼-1077/4 110 -106¾ 111¾-110 110¼-107 111¾-110¼ 97½- 91¾ 100 - 94):! 100 - 99 103½-100 102 -101  .... - ........ 100½-100½ 100 -100  87½- 84  05 - 87¾ 00 - 90  .. .. 100 - 00½ OS - 0!3  .... -  04 - 92 62¾- 61  lllJ.,s-110 111 -110 112 -112 110¾-109 110 -llO .... - .... 101 -lOl  lll¼-111 111 -110½ lll½-110¾ 108¼-107¾ lQS¾-1~ 109¼-109½ .... - .... 111 -109½ .... - .... 110 -110 - ........ - .... 110 -110 .... - .. .. 101 -101 101¼-101½ 102)4-101~! 102¼-102 108½-103¾  llCl -116  117 -117 - .... - .... 120½-118¾ 120 -119 113½-112 118 -112½ 113 -112¾ 103 -102½  .... - .... 114 -114 115 -115 .... 115 -115 114 -114 115 -112 .... 118¾-118'.{ 113'(-113 .... - .... 117 -117 119¼-118½ 120 -119" 11~11~ 122 -122 118%-118 118 -117 118 -115 12<>,(-12Qk 111$ -116 116½-114 116 -116 118 -11S 116 -114 114½-118¼ 115 -111¼ 114¼-112 11S¼-112'7,,ji 11()¾-1003{ 111 -110¼ 114 -111 104 -102~ 104¾-108% 102½-100¾ 102 -101 100 -100 100 -100 102 -100 102),,s-101 - .... 108½-108½ 110 -110 87 - 84 02 - 87¾ 00 - 88½ 94¼- 91 94¾-- 94 94¾- 9~ 108 -100 105½-102¼ .... - .... - .. .. 88 - 88 . .. . - . . .. 88 - 89 80¼- 89,½ . . .. ... - .... 100½- 90% 100¾-100¾ 100¾-100~ .... - ........ - ........ - .... 9~- ~  - .... ll'iy'.,-117¾ 122l4-121 120½-119 110 -110 .. .. - .... 113 -111 102¼-102½  .... - •.. . 120 -119 114 -114 120 -120 111%-119 112 -112 lll¾-111\1,! 112 -lll .. .. . ...  . .. . - .. .. .. .. -  - . . . . . .. . - . . .. 90 - 90  OD - 06¾ OS¼- 97¾ 07 - 95:¼ 1Q4..* 96¾ 110,(-103  115¼- 113 120 -118){ 117 -115¾ lll¼-110½ 113½-113 -113 112  93 - 91 93 - 92 61 - 5~ 66 - 58  108¼-lO'i¼ 106 -103 104%-102½ 118½-117 119 -116 120 -117½ 120 -119¼ 120 -119 108¼-108½ 110 -109 110¾-109~ 111 -109½ 110 -109'( - . .. . . .. . - . .. . es - 87 .... - .... 93½- 93 95¼- 93 95¼- 9~ 03 - 57 72~,!- 03¼ 60%-- 65½ 76¾- 60¾ 75't- 68 32 - 23¾ 37¼- 28 38 - 26 84¾- 29¾ SS¾- 26½ 106½-106½ 105 -103 100 -105 110 -110 .... - .... . . . . - . . . . 68 - 88 . . . . 84½- 84 .. .. -  108,(-102½ 119 -118½ 111 -110¼ . .. . - . .. . ~ - 88½ 711½- 78 84%- 28¾ 108 -108  108¼-102 104¾-102½ 10~-104 121 -119¾ 118 -117 118½-117½ .... - .... 109 -108¾ 108¾-108 . . . . - .... 107¼-l~ 108¼-1~ 90~~- 99 ~ - ~ 99½- 97½ 91 - 77 BS¼- 87½ 95¾- 01 47 - SS 50 - S9½ 48"- 487--' 107½-107½ 105 -105 105½·10~½  n. & St. Louis-1st ...... - .... 83¼- 83 87½- 83 .&T.,Cons.a.,'04-C 521/.,- 40 57Y'.r 50 02}{- M mort., income........ 17¼- 15 20~a- 1~ 2S½- 17~~ an. & Cent. Mo., 1st. 90;4- !l8 OD½- 9\/ 100 - 9U oon. B1·idge Co., '1s.. . . . . - . . . . 90½- 90½ nion Pac., So. Brch.. .. .. - .. . . . . . - ...... .. bile&O.-Newm.,6!! .... .... 1 . . . . .... 93¼- 91:),.f 00 - 93 95 - 02¼ 1 t, pref. deben.......... .. .. - . .. . 64%-- 48¾ 69½- 60 68 - 60 , pref. deben.. .. .. .. .. . .. .. 49)4- 42½ 40½- 89 , pref. deben.... .. . .. .. .. .. 42 - 85 • . .. - .... h, pref'. deben. .. . . .. .. .. .. SS - 32 32½- 28 sh. & Decatn1·-lst ... 100 -103 1.03 - 98 - .... 105 -104 108¼-107 109 -109 105¼-104 105¼-108 105½-105½ 105 -105 105,¼-105½ .... sh.Ch. & St. L.-1st .. 100 - 06 98½- 90 08 - 07½ 08½- 07½ 105¼-102¼ 105¼-104¼ 108)4-102 102¼-101½ 103 -102 106¼-108 107 -106 110 -107½ enn. & Pac. Branch .. .... - .. . .. .. - . .. . . .. - .... 94¼- 94¾ .... - ........ - .. . . 98!,(- 93¾ .... - ........ c:lJ. W. & A. Brch ... 87 - 87 88 - 86 87½- 87¼ .... - .... 98 - 98 .... • Southern-hit, 7s ...... - . .. . CO - 35 42 - -10 38 - 38 44 - 39 40 - 40 .... - .... 89¼- 89!,( .... - ........ - ........ • Central-6s, 1883. 1.06½-104½ 10<3½-103¼ 1CO -105 107 -105½ 105,(-104}.{ 105¾-105½ 105½-104½, 105¼-105 105%-105¾ 108 -107½ 10$¼-108 1()4¼-103 s, 1887 ....................... - .... 108 -107 107¾-107¼ .... - .... 109 -109 .... - ... . 108!,( 108¼ .... - .... 100 -109 .... - .... 109 -109 s, Ren.I Estate ...... ... .... - ........ - ..... ... - . . . ... - .... 105 -105 .... - ........ s, Subsc1•iption ...... ... 104 -104 100½-lOC½ .... - ........ - ........ - . ... 104 -104 .... s, Hud. R., coup,, let 122 -118¼ 123½-121¾ 121:)-.t-121 123½-121¾ 124¾-123½ 126 -124¾ 120 -128'7,1i 125 -125 124½-124 126 -124½!126 -124½ 126 -126 , Hud . .R., re::., 1st .. 118¼-118½ 123¾-122:l,f 122½-1221/. .... - .... 124½-124½ 124¾;-124¼ .... - .... 125 -125 124¾-124 125 -124 125 -125 .... ud. R., 2cl m., S. F ... lOD¼-109-¼ .... - .... 110:}6-110 111 -110 113½-111 110 -110 110 -110 110 -110· 110½-110 111 -111 112½-112 112 -112 an. So.,lst, int. g-uar. 'i&¼- 76¼ 81¼- 78¾ 80 - 77¾ 82 - 70 84 - 81% 87½- 88¾ 88½- 85¾ 87½- 84¾ 87¾- 84~ 87¾- ~ 88 - 65:U 90 - 87 arlem, 1st, 7s, coup .. 123 -121 123½-123 124 -123 123½-123½ 122½..120¾ 124¼-122¼ 120 -125 126 -120 125 -125 126!4'-125 124¼-124¾ 125¾-124 1st, 7s, reg .............. 122½-120½ 123;..:-123½ i124 -122¾ l24 -124 123¼-121 124 -122¼ 124 -124 125½-125 125 -125 .... - ........ - .... 125 -125 . Elevated-1st ...... 106}4-101¼ 100¼-104% 1100 -103¾ 115 -105% 110¼-1137,1i 116½-115½ 112¾-110¼ lll¼-110 111½-110 llS½-109½ 114 -112½ 115¼-113½ h Missouri-1st ..... 100 -104¼ 110 -108¾ 112 -110 112¾-lll 116¾-113¾ 117¾-116 114¼-113¼ 114¾-114¼ 113. -111½ 114½-ll~ 114 -112 115 -114 io & lUiss.-Con. S. F. 106¼-10-!'U 111¾--107\)sil07 -100 110¼-10631; 112 -llOx: 112½-lll 112½-112 113½-113 110½-109¼ 111 -111 113½-ll!¾ 118¾-112 onsolidated .... ......... 107½-105 lll½-108½,107 -106½ 110 -100¼ lll½-1111/.: 112 -111¼ 112¼-111 118¼-118 110½-110 112¼-11~ 118 -111% lW -112¼ d consolidated......... 87 - 75 05-¼- 85 OS - 90 94½- 02 94¾- 92 94 - 98 100 - 02½ 100 - 98" 105½- w 112 -105¼ 111 -109 111 -109 t, Springfield Div .... .... - ........ 40 - 36 66 - 50 79 - 61¼ 75 - 65 .R. & Nav. Co.-lst .. .... - ........ - .. .. 97½- 91 94¼- 92¼ cific Railroadl!len. Pacific-Gold bds. 107¾-105¾ 110 -10&}{ 110 -107¼ lll½-109¼ 1127/,rllO¼ 112½,-112 109¾-109),,s 109½-108 110 -108½ 111 -109½ 110½-110 1113,i-111 San Joaquin Branch 98¼- 94½ 101 - 0~ 100½- 98 W¼- 06 102½- 99 102¾-101;( 101¼- ~ 101½-100 102 -101 100 - ~ 100 - 98¾ 102¼- WU   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  52  R A ILROA D BONDS. 18'f9-Concluded.  BOND S .  JANUARY FEBR'RY.  MARCH.  APRIL.  MAY.  JUNE .  JULY.  AUGUST. 8EPT'BER OCTOBER. NOV'BER. DEC'BER  High. Low High. Low High. Low High. Low High . Low High. Low High. Low High. Low High . Low High. Low High. Low Hig~L_'.:'  Pacific RailroadsCent. Pac. -C.& 0, , 1 st 97¼- 92¾ 99~ 97¼ 98¼- 96 100¾- 97 108 -100¾ 108 -102 100 - 99 99½- 99 100½-100 102 -100 102 -101 102 -101 State Aid .. . ............. .... - .. .. .. .. _ ...... .. _ .. . ..... _ _... 105 -105 .... _ . . . . 104 -104 . .. . _ .. . . . . . . . . . .. .. .. _ . . . . .. . . - .... 106)4-106 Land Grant. •• .... •• • 97½- 95½ 100)4- 98)4 100½- 98¾ 104¾- 98½ 104!)4-104 108%-108½ 10$½-108 108½-102¾ 104½-103¾ 101½-101½ 102 - 101¾ .... - .. . . ~ Western Pacific. ••• ••• 104 -108 lOfl½-105 106¼-108½ 106½-104¾ 107½-106½ 108)4-107¾ 106 -104 104½-104 105 -108¾ 104¼-104½ 105¼-108)4 107 -105 So, Pac. of Cal.- 1 st . .. ... . - .... .. . . - . ... 95 - 95 . .. - ........ - . .. . .. - . ....... - . . .. . . . . .... .... . . . ..... - . ....... - .... · ·· • · .. Union Pacific- 1 s t. •••·• 107¾-105¼ 11(%-107½ 109¾-107¾ 111 -109 112¾-110¾ 112¾-112 110 -109¼ 1097,,.fr-108¾ 110,4-108¾ ll0¾-109¾ 110½-109¼ lll¼-110 Land Grants ... •••• .... 111½-108¾ 11$¾-111½ 112¾-111½ 111¼-109 113¾-112 118¼-113¼ 113¾-118 llS¾-112¾ 115 -113 118 -111¼ 112¾-112 118 -11 Sinking Fund. ······ · ·· 109¼-107¾ ll5¼-109}1i 109¾-107½ 114 -109¾ 115 -1187/4 115 -118½ 115%-114 116 -113¾ 114 -111 114¾-111¾ 114¾-llS½ 115 -11 Sinking Fund, r eg . . .. .... - ....... . - .... .. .. - .. .. 108½-108¾ . .. . _ . . . . 114¼-114 . . . . - .. . .. .. . - .. . ..... - . .... ... - . . .. 118½-113½ .... - .. . Pacific RR. ofMo.-lst 108¼-105¾ 106)4-105¼ 105¾--104½ 106 -104¾ lQS¾-105¾ 108¼-107½ 108½-107½ 105 -108% 103¾-102½ 106~-108¼ 106 -104¼ 106¾-105 2d mort . •• •• •• •• •• •• •• • · 105 -102 105½-104% 106 -102½ 107¾,-104¾ 110 -107 110 - 109 107¾-107 107½-108¾ 106¾- 104 106¼- 106 107¾-104¾ 111 -107 South Pac. of M o.- lst 96½- 91 96)4- 94 94¾- 94 97½- 94¾ 100 - 97½ 100 - 99½ 98 - 97½ 98 - 98 98½- 97 101½- 99 101¾-101½ 103½-101 Kansas Pacific-l 11t, 6 s , '95, coup, ctf. 112½-109½ 114¼-114 116 -116 .... - .. . ..... - ... . 117½-117½ . .. . - . . . . 120 -118 .... - .... 118 -116½ 117 -117 ll!lt, 6 s , '96, coup, ctf. 106½-101¾ 113)4- 106½ 116 -112¾ 118¼-114¾ 119},-118 118%-117 118 -112¾ 115¾-114½ 114 -118 114 -113 114½-114 lll¾-110 1st,7s,Le a v .Br.,cp.c . . ... - .. .. 40¼- 4(% .... - ... . 75 - 75 82 - 75 84½- 82 83¾- 83¼ . ... - ........ - . . . . 96½- 90 97 - 95 9'021st,7s,R.&L.G . ,D.D, 108)4-108¼ 113 -113 .. .. - ........ - ........ - ........ - ...... .. - . . ..... . Coup. ctf.. •• •• •• ••• • •• • 81¾- 78 98 - 81¾ 10 ¼- 94 lll¾-105¼ 112¾-110¾ 116¾-112¾ 106 -106 . .. . 1st, 7s, L'd G ., cp, ctf. .... - . . . 100 -100 109 -109 115½-114½ 119½-117 117 -116 117½-117½ . . . . 121 -121 2d m., 7 s , coup, ctf. .. . ... . 40 - 25 69½- 40¼ 92¾- 75 93 - 87 - ... . 96½- 95½. ... 99 - 98 103 -100 101½-101 Inc. coup,, No. 11 ..... .. .. 31 - 16 42 - 29 68 - 41 70 - 69 .. . . 60 - 57 79 - 7f'. 77 - 75 Inc. coup,, No. 16 . .... ... . - .. .. 31½- 15 42¼- 29 71¼- 39¾ 72 - 68 71 - 60 71 - 67½ 65 - 65 78 - 69 78½- 73 77 - 73 Den. Div., Tr't Ree's. 80%- 75 97)4- 80¾ 108½- 94 111%-105½ 112¾-110½ 116 -116 . .. . - .... . . .. - . .. .... . Trust R e c' ts, o.s s'd . .... - .. . ..... - ....... . - . ... 111%-111½ 113 -109¾ 117½- 100½ 106 -101¼ 105¾-101½ 106)4-104 1()8¾-105% 108)4-100¾ 102)4-101 Pennsylvania RR. Pitts. Ft. W. &C.- 1 st. 121 -120 123 -121 124 -122¼ .... - . ... 125 -124 125½-125½ 123¾-123¾ 128¾-128 126½-126½ 128 -128 127 -126 128 12 2d mort .. • •• •• ..... • .. •.. 116½-115 121 -121 121¾--121½1122 -122 122¾-122¾ 124 -124 120½-120 122 -120½ 122 -122 125 -121 124½-122¾ 125},4-120 3d mort ... . .............. 114 - 112½ 116 -116 ... . - .... 114½-114½ 118 -117 .... - .. .. 120 -120 .. . . - . ... 120 -120 Cleve , & P.- Con. S . F . 116 -112½ 118 -118 117 -115 118 -116 115½-114 . ... - .... 115 -114 .... - . . .. 120 -120 - .... 118 · 11 4th mort .... .. .. ........ 107 -105½ 110 -110 111 -110¾ 110½-110 109¾-109¾ ... . - . ... 110 -.108 108 - 108 105¼-105¼ .... - .. . . 111 -111 Col. Chic. & I. C. -lst.. 61¾- 58¾ 66½- 59½ 65¾- 60¼ 72 - 61¼ 80 - 68 74 - 68 80 - 69¾ 81¾- 78 80½- 76 79¾- 75¾ 90 - 79 88¾- 85 !ld mort ... . . ... ... . . . . .. . J 9¼- 18 25 - 13¾ 24½- 22½ 30 - 21 29½- 22 26 - 22 29¼- 25 30 - 29½ 38 - 27¾ 37½- 34 46 - 38 50 - 43 Trust Co. ctf., 1 s t con . . . . . - . . . 63 - 63 65 - 60 77½- 64 72¾- 71¼ . . . . 1st assented.. ...... .. .. .. 74 - 68 80 - 70 81½- 71½ 80¼- 73 80 - 75¼ 89 - 78¼ 1st suppleme ntary.. _ - .... 80 -78½ 79 -75 88 -78 'lnd assente d . ........ · · .. - . . . . 29 - 25½ 80 - 28 34%- 27 37½- 32½ 45 - 35½ Income .. .. . ... . ..... . .. . Pull. Pal. Car- 7s, deb . . . 99½ .... - ... ..... - .. . .... . - . ... .... - . . . . 100¼-100¾ .. . . Rome Wat. & Oi:,-Con. 35 - 38 34¾- 81 84 - 30 30½- 30 49½- 30½ 59½- 44½ 68½- 58¾ 69¼- 62½ 67½- 63 69%- 68 69 - 62½ 68 St. Louis & I. M , - l st ... 111 -llO 111 -110 111 -110 111¼-,llO½i 116 - 11 2½ 116½-114¾ 117¼-115 114 --111½ 118 -112 115 - 114 113 -112 114 2dmort . . ... .... .... .... . . - .. .. 85½- 80 95 - 84 94 - 92 94½- 92 95 - 94 100 - 92 100 - 97¾ 97 - 95¾ 97 Arkansas Branch ...... ... . - . .. . 99 - 97 96½- 94 .. . . - .. . . 95½- 95½ 99¾- 95 101 - 99¾ 103½-102 100 · 98 Cairo & Fulton, 1 s t .... . . . . 99¾- 95 102 - 99½ 98¾- 96½ 99 - 97 102½- 97 103¾- 99!,{ 104¾-108¾ 104½-108 Cairo Ark. & T., 1st ... .... . - .. .. 92½- 92½ 93 - 93 .. .. - . . .. 97¾- 90 90½- 96½ 100 - 99½ 98¾- 98 1st, 7s, pre f. interest .. ... . - . . .. 60 - 59 68 .. 59 69 - 67 6U - 67 . . . . - . . .. 74½- 65 80½- 74¼ 827/4- 79 79 - 77 6s, intere st o.ccum' e ... .... - .. . . .. . . .. . . ... . . .. . . . . . .. . ... . - .. . . 50 - 50 . . . . - .. . . . . . . - . .. . 65 - 48 79½- 62 71 - 69 68 - 60 St,L.K.C.&N.- R.Est' e. 997k 90 102½- 99½ 99¾- 98½ 102½- 98 105 -102¾ 104¾-104 105¾-104½ 106 -105 102½-102 103½-102¾ 104 -103 106 -102 Omaha Division ... . .... . . . . - .... 102½- 96½ 104 - 101½ 105¼-104½ 105¾-105¼ 105½-105¼ 105½-105½ 106½-103 107 -106 107¾-106 St. Charles Br' g e. 1 st . . ......... . . . - . .. . .... - .... 10~ -102¾ 103¾--108 108¼- 103¼ 108½- 99% 102¾- 102 102 -101 St. L.A.& T. H.-lst .. .. 111 -111 llZ -112 114 -113½ 117¼-115 115 - 115 - .. .. 111¾-lll¾ 118 -112 2tlinort., pref............ 86 - 82 82¾- 80 88 - 81 85¼- 83 81 - 81 85 - 84½ 85 - 82 89½- 88½ 93 - 87¼ 96¼- 95 97½- 95 100 2d mort., income . . .... .. 46 . . 41 - . . . . 58 - 57 56 - 56 55 - 50 56 - 56 62 - 52 74 - 64 40 - 44¾ 44 - 44 80 - 74 90 Belle . & So. Ill. - 1st . .. 105¼-100 108 -105 105 - 105 109¼-109¼ ... . St. L. & S . F.-Class A .. 56 - 56 75 - 73 66 - 60 83 - 75 75 - 65 ' - 85 80 - 70 90 - 87 74 - 70 88 - 86 75 - 73 88 Class C .. ... ............. . . 82 - 30 87¾- 81 - . . . . 44 - 39½ 65¼- 48-U 58¾- 54 60 - 52 65 - 65 44 - 35½ 49 - 41 68 42½- 41 Class B ..... .. . . .. .. .. . . .. 35 - 32 44 41 48 40 - 84 42 57 47 45 - 38½ 50 - 44 60 - 54 61,½- 58¾ 69 - 60 46 - 44 69 St. P. & Sioux City- 1 st . . .. . 96 - 96 96¾- 9-1¾ 97 - 94¾ 97 St. P. Min, & Mn.n.-l s t . .. . . - .... . ... - .. .. . . .. - .... 108,½-108½ 109 Sprinir Val. W. W, - lst . .. . . . . . . 98¾- 98 99¾- 99 . .. . - . .. . .. . . Tex. & Pacific- 1st m . .... . .. - .. . ..... - .... 101 -101 Consols .. . . . ......... . ..... .... ·- ....... - . .. . 00-81 !JO Inc. & L'd Grant, reg . . .. . - . . . . 38½- 32½ 45 - 38 32 - 28 30¼- SO½ .... 56½- 42¾ 73½- 58 71 Third Avenue- Coupon . .. .. - . .. . 95 - IJ5 98 - 93 ........ - .... 101½- 100 .... Toledo Pe01·io. & War.1st, Pur. Com. R,,E,D. 103 - 9 100¾-100¾ 101 -101 100 -100 106 -106 107½-lOfl½i 108¼-108¾ 107 - 107 . . .. - .... 115 -115 125 - 125 125 West. Div ............... 102 - 97 102 -101½ 100%- 97 100 -100 105 -100½ 107 -106 106 -106 107¾-107 110 -108¾ 116 -115 124 -123 121 -120 1st Pref. Inc. for 2d m. . . . . . - . . . . 25 - 25 - . . . . 68 - 63 61½- 61 Consols ........... . ...... .... _ . .. . . . . . 61½- 61 Toi, & W,-lst ext., e x .. 110¾-109 107 -106 106%-104¾ 108 -104¾ 109 -108 109½-108½ 111 -lOij¾ 109 -107 108 -107 lQS¾-107 108½-108¼ 109½-109 1st, St. Louis Div., e x . 96 - 91½ 94 - 89 88 - 85¾ 98½- 84½ 95 - 92 94½- 93 104 - 94¼ 99½- 94¾ 98½- 95 101¾- 98½1104 -100 107¾-108 2d mo1.·t, extended . ... . 10{}¾-105 106 -106 Do. ex coup . . ........... 87 - 80 85 - 81 88¾- 79-¼ 89 .. 84¼ 87 - 85¾ 92½- 86½ 94 - 88¾ 94 - 91 100 ,_ IJ4 100 - 95 102 83 - 80 51 - 10 Equipmeilt ....... ......... . ... - . .. . . . .. . . . .. JO - 8 57 - 20 40 .. 25 40 - 40 41 - 41 . . . . - . . . . 40 - 40 . . . . Cons. Convertible...... 80¼- 74 86 - 85 .... Do. ex coupon .......... 75 . 61 72 - 67½ 67 - 62¾ 77¼- 57 78 - 73 74¼- 72 85½- 74½ 87½- 887/4 87 - 83 95½- 86 96 · 93 100 Gt. Western- 1st, e x c. 110 -107 1077-t-l06J.,{ 106 -103½ 106½-104 108½-105¾ 108)4-107½ 111 -108¼ 107¾-107½ 107¾-106 107½-107 . .. . - .... 109 -1 2d rnort,, ex coup. .... 86½- 79'l<. 84¾- 82 827,,.fr- 80 88½- 79¾ 88!4- 84 86¾- 85 f12¾- 86 93 - 89½ 94>~ 90½ 99 - 94 99 - 94¾ 100¾- 9 Q. & Toledo- 1st, e x c . 91 - 80 94 - 92 91 - 91 94 - 90 93 - 93 . .. . .. .. . . 95 - 94 . . . 96½- 96 99 · 97 Ill. & So. Io..- lst, ex c. 09 - 92 95 - 94 97 - 94 . . .. - . .. . 99¼- 98 99 - 99 Wabash RR. - 7s, 1 8 79 . . ... - .. . . 98 - 86% 94¾·- 91 Consolidated Conv .. .. . .. .. - .... 73 - 55 75 - 68 71 - 71 77 - 73 .. . . - .... 80 - 77 West. Un. Tel.-Coup .. . . 112 -110 112½-112 112 -112 - .... 112 -110½ 115½-112¾ . .. . . . ... 115 -115 114 -118¾ 115 -115 112 -111 115 -115 Registered.... ... .. . . . . . . . . . . 118½-113½ 112 -112 . . . . - .... 116¾- 116¾ . . . . - .... 114 -114 114½-114½ ... . -  09½- 98½ ~<)0 -  1 880. JANUAR Y  BOND S .  ~&- -0-.--1-s t_ P_ . -B-r-.-.6 Bost. H. & Erie- 1 s t . .. 7' Guaranteed ............ 7 :Sur. c. R, & N.- lst .. . 5 Minn. & S t . L., 1 st ... 7 1st, Iowa E x ten .... .'1 Iowa C, & W., 1st . . 7 Central Iowa- l s t .. .. .. 7 Coup. debt, certifs . . . . 6 Centro.I of N. J,-lst . .. 7 Consol., a ssente d .... . 7 Convertible, ass'd .. . .7 Adiu ■tment . .. .. . . ..... 7 Income . .. .. . ... .. . ...... .7   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  FEBR'RY.  MARCH .  APRIL .  MAY .  J UNE .  J ULY.  AUGUST. SEPT' B ER . OCTOBER. Nov'BEH. DEC'B E R  High .L ow High. L ow High.Low H igh.Low High.Low H igh.Low H igh .L ow High.Low High. L ow High.Low High.Low Hiih.Lo  ~  108½-108½ 60 - 54¾ 57½- 55½ 52¾- 51¼ 52 - 52 90½- 88¾ 90½- s&¼ .... - .. .. 100 - 100  .... - .... 60 - 56 57¼- 55 92½- 88½ 101)4-101¼  1  -  .... 110 - 110  -  ~ : ~ ~~ 109½-1011½ 110 57¾55 92¼.... -  -  54¾ 55 91 ....  55¼- 35 45 - 36 44¾- 40¼ .... - ....... . - . . .... .. - . ... 02 - 90]4 91¾- 89 92 - 91 102½-102½ 101 - 100 101 - 101  -  . ....... - . ... . ... - .... .. .7. - 95 . . .. - .. . ..... - . . .. .. .. - . ... 98½- 94 9 .... -  . .. . 119 -117 106¾--104½! 106½-10 '. ¾ 106½-105½ 87';,r 8-1  116½-lla,¼ 108 -105¾ lO'i¾-106¼ 107%-106 91¾- 84½  102  98  108  100  -110 118 -tis .... - ... • ~ 43½- 41½ 42½- 38½ 42¾- 38½ 47 - 42¾ 51½- 44 40 - 40 .... - . . .. 42¼- 42}4 • •· - •· · • 48)4- 48 94 - 92 94¾- 93½ 98 - 94 100 - 96 100¾- 96 103 -103 - .... 104¼-104¼ .. .. - .... 110 -110 - ... . .. . . - .... 106 -106 102 -102 104',, 102'-" 106 -103u 10'2.'V._104½ lll½-108  ½74.,,.,, 74. '-7l> - . . . . . . . . - . .. . 70 - 65 80 - 80 82¾ -80  -  115  91 - 82½ 89 116¾-116 117 -116½ 116 -115¼ 118 - 115½ 119 - 118¾ 116,4-115½ 117½-117¾ 118 -117 118,½-118 118½-ll 107¾-105¾ 105½-104¾ 105 - 90 105 - 99% 104¾-108 109 - 104¾ 109 -106¾ 110)4-106 114½-109½ 116 - 112 108}(-106¼ 108½-107 104½- 96 108½ - 99½ 104¾--102½ 108 -104½ 108 -107 lll¼-107½ 112 -108 115 - 112 108½-107¾ 108½-107 106¼- 98 107½-104 107½-107 111 -106% 110½-108¼ 112 -110 112½-109 118 -111 90 - 87 86½- 78 79 - 77 79¾- 72½ 82)4- 77 85¾- 81 87½- 81½ 89]4- 82½ 93¾- 87½ 97 -  53  RAILR O.AJJ B ON JJS. 1880-Contlnu e d. ,. _ JAls'U.ARY FEBR'RY.  BONDS.  APRIL.  MARCH.  MAY.  JUNE.  JULY.  AUGUST. 8EPT'BER. OCTOBER. NOV'BER. DEC'BER.  High.Low High.Low High.Low High.Low High.Low High.Low High.Low High.Low High.Low High.Low High.Low High.Low  ---------  ----  ----- .  Cent1·al of N . .J .L. & W. B.-Con., gu.7 112½-112½ 113½-113½ .... - ....... - ........ - ........ - ........ - ........ - ........ - ........ - ........ - ........ - .. .. 96¾- 9-i 100 - 95¼ 106¼-100 106 -101 98¾- 95¾ 98 - 84¼ 96¼- 90½ 96 - 94!lt 98¾- 94 99½- 96 Con., assented . ...... 7 99 - 93¼ 100¼- 98 86 - 0 82 - 78 72½- 71 .... - .... 80 - 70 'i5¾- 71 .... - .... 65 - 65 .... - .... 70¼- 58 74 - 69 Income ............. . ... 7 69 - 65 Am. Dock & lmpr .... 7 108 -105¾ 111 -108¼ 112 -112 108½-107½ 108 -107¼ 107½-107½ .... - ........ _ .... 110 -110 .... - .... 122 -115 124 -124 Assented .... ......... . 7 108¼-105 111 -108 113 -109¼ 109,½-108¼ 105 -104½ 108 -105 110½-110 111 -108 112 -110½ 112¾-111 124 -114 123 -121 82¼- 72¼ 68 - 64§1i 68¼- 67¾ 71¾- 67¾ 72¼- 69¾ 75 - 71 67¾- 59½ 68 - 64 69 - 67 71 - 68 Ches.&O.-Se1•.B,int.d.6 69 - 63¾ 71 - 66 43¾- 40 51 - 42 42 - 38¼ 42.½- 39 39 - 38 39 - 37 40 - 35 40.½- 35 46 - 40¼ 46½- 42½ 44.½- 41 Currency, int. def..... 6 44.½- 37 Chicago & Alton, lst .. 7 116½-116 117 -117 .... - .... 117 -117 .... - ........ - .... 121½-121½ 122 -122 123 -123 123 -122½ 125 -125 125 -125 Income ................... 7 .... - ........ - ........ - ........ - ........ - ........ - .... 105 -105 106 -106 106½-105½ 103½-103½ .... - .... 105½-105 Sinkinir fund ........... 6 107)4-107¼ 108 -l07¾ .... - ........ - ........ - .... 108 -108 106 -106 111 -106 .... - ........ - .... 111 -111 115 -115 .Joliet & Chic., 1st .... 8 .... - ........ - ........ - ........ - ........ - .... 108¼--108¼ 105 -105 .... - ........ - ........ - ........ - ........ - ... . Lon.&Mo.Riv.-lst.7 110 -110 .... - ........ - ........ - .... 114 -112 .... - ........ - .... 1.12 ··112 112½-112¼ .... - .... 115 -113.½? 115 -115 2d........... . .......... 7 . . .. - .. . . .. . . - . . .. . .. . - . . .. . . .. - .. .. . . .. - .... 101 -100 .. .. - .. .. .. .. - .. . . . .. . - .... 10~108¼ .. .. - . .. . .. .. - ... . St. L. J. & Ch., 1st ... 7 112 -112 113 -113 .... - .... 112 -112 .... - .... 112½-112¼ .... - .... 115 -115 115)4-115¾ 115 -111¾ .... - .... 115 -115 llliss. Riv. B1•'ge, s. f .. 6 . ... - ........ - ........ - ........ - ........ - ........ - ........ - ........ - ........ - ........ - .... 105½-105½ 106 -106 Chic. BUI·. & Q., 1st .... 8 .... - .... 109¾-109 109¾-109 109½-109 110½-109½ .... - .... 109 -109 .... - .... 109 -108¾ 110½-109½ 110½-108½ 111 -110.½ Consol. ................... 7 119½--118¼ 121 -119½ 121½--120¾ 122 -120% 123 -121½ 124 -122 121½-120 125 -122½ 125 -123¼ 127½-124¾ 129 -127¾ 1311,(-130 Sinking fund ......... .. :i 101 -101 100 -100 .... - ........ - ... . .... - ........ - .... 104 -104 .... - ........ - ........ - ........ - ........ - ... . 99½- 99 .... - .... 100 - 98 101 -100 101 -101 .... - .... 103½-101 105½-104½ 104½-103½ Ch.&E,Ill-lst,s.f.cur.6 96¼- 96¼ 97 - 96½ 99 - 99 93½- 90 95 - 91 Income ................... ?' . . .. - . . . . . . .. - . . . . . . . . - .. . . . . .. - . .. . . .. . - . .. . . .. . - .. .. . . .. - .. .. . . .. - .. .. . . .. - .. . . 95 - 90 Chic.Mil.&St.P.-lst.8127½--127½126½-125 125¼-125¾127½--127¼128½--126¾132½-130 .. .. - .... 130 -130 133 -130 135 -131 .... - ........ - .... 2d .................. 7 3-10 .... - .... 112½-112½ 113 -113 .... - .... 118 -117X? .... - .... 119½--119½ 116 -116 117 -117 .... - ........ - .... 125 -125 1st, gold ................. 7 112¼-111 114 -113 113¼-113¼ 112 -112 114 -112¾ 119¾-114½ 119 -113 119 -118 118½-117 124 -119 124½-124½ .128 -125 La Crosse Div ......... 7 112½-111.½ 114 -112¾ 113 -112 113½-112½ 114 -112 116.½-114½ 117 -113 116½-114 115½-114¾ 121½--115¼ 121 -120¾ 125 -120¼ I. & M. Div ............. 7 111½-111 113 -111½ 113 -112 111¼-111¼ 111)4-111 116 -115 115 -113 115 -115 ll;i¾-114 121 -119 120¼-117½ 127 -120 I. & D. Div .............. 7 .... - ........ - .... 109 -109 .... - ........ - .... 111 -111 113½-113½ .... - .... 115 -113½ 115¼--115 .... - .... 124 -124 H. & D. Div ............ 7 .... - ........ - ........ - ........ - ........ - .... 111 -111 107½--107½ 110 -110 111¼-lll¼ 1.14¼-111}.i 117½-113¾ 120 -117 C, & M. Div ............ 7 113¼-113 114 -114 116 -114 115¾-114½ 116 -115 116 -116 119 -114½ 119½--118 119¼-119 120 -118¾1125 -122½ 125 -125  ..  ~:~~~l ~.i~~~.. ~~~.~:; ~~~. =1~~~ ~~~~=1~~~ ~~~. 1st, I. & D. Exten ..... 7 1 t, S. W. Div .......... 6 LaC. & Dav. Div ..... 5 South. Minn. Div ..... 6 C~ic.&Pac.Div ...... Chlc. & N. W.-S. F .... 7 h.terest .................. 7  ~~~  ..½=1~~~ ~·l·l· =1~~ .. 1077,,s-107½ 110)4-108¼ .... - .... 109¾-109¾ 109 100¾-100 101¾-101¼ 102 -100¾ 102½-102 103 90 - 89½ .... - ........ - ........ - ........ .... - ........ - ........ - . ....... - .... 102  =1~~~ ~~~ =1~~~ ~~~=1~~~ ~~~.¼=1~~~ ~~~½=114 ~~i~~½ ~~: =~~~ i~~  -109 -102½ - .... -100  112 -111 103)(-102½ 92½- 92½ 103¼-101¾  109 -108½ lOS½-103¼ 93 - 92 101½-100  112½-110 104 -104 .... - .... 102 -101¼  =i~~¾ 118)4-113¾ 121 -118 1237,,fr-122 105 -103 105¼--104 110½-107¼ 93¼- 91¾ 98 - 94 102¼- 97 104½-102 108 -104½ 111 -107¼ . 1109¾-107 L06¾-106½108¼-106¾ .... - ........ - .... 109 -107½ 104½-104½ 105 -105 ....  114½-lll½ 103¾-103 90 - 90 103 -101  61.... - .. :..... - ........ - ........ - .. ...... - ........ - ........ - ...... - .... ... 112¼-llOJti .... - .... 109 -109 .... - ... : 107 -107 109 -109  110 -110 .... - ........ - .... !.07 -107 109 -109 107¾-107¾ 105 -104 .... - .... 105½--105½ 107 -107  1  ::e:!i~~·:::.·::::::::::; ~~~.½=1~~~ ~~¾~1~~  ~~~  ~~~=1~~~ ~~  ~~~½=1~ ~~~  ~~  ~~¼=1~~  .. =1~~-· -124¼ 131 -126½ .. =~ =1~~ .. :¼=~: 123½-1~~~ 1 108¾-107¼ 109 -108 110 -108 109¼-106 109 -109 110¼-109 109 -108¾ 109 -109 110 -109¼ 111 -109¼ 111 -111 Gold, coupon ..... ...... 7 1116¼-115 117 -115¾ 117¼-115½ 118 -116¼ 120 -117¼ 118 -116¼ 118 -117 119 -118 120¾-118¼ 123½-119¾ 127½--123½ ISO -122¾ Gold, i·eg ......... .... ... 7 116 -115 116 -116 1117 -116¾ 117½-117 118 -117¾ 118¼-116¾ 118 -117¾ 118¼-118½ 119 -118¾ 123¾-120 126.½-123¼ 127 -122¾ 107½-105 108¾-107¾ 111 -109 . ... - .. . . . .. . . . . . 106 -105¾ Sinking fund, coup ... 6 107 -106¼ 107 -107 .... - .. .. .. .. Sinking fund, reir ..... 6 1.... - ....... . = •.·.·.·. . .. . - ........ - ........ - ....... . - ........ - ........ - ........ - .... 107 -107 108 -108 .... - .. .. 20 -120 .... - ........ - ........ - ........ - ........ - ........ - ........ - .... 122 -122 .... - .. .. Iowa lllidland, 1st .... 8 .... - .. . . . .. . 103½--103¼ 103¾-103 103¾-103¾ .... - .... t05 -104 Gal. & Chic., Exten .. 7 .... - .... 103 -103 11.... - .... 105 -103½ 104½-104½ 105 -105 .... Peninsula, 1st,conv .. 7 .... - ........ - ........ - ........ - ........ - ........ - ....... . - ........ - ........ - .... 120 -120 .... - .... )26 -126 Chic. & Mil., 1st ...... 7 114)4-114¼ 114 -114 . ... - .... 118 -114½ .... - ........ - .... 119 -119 120 -111% .... - .... 122½-119 .... - ........ - .. .. Win. & St. P.-1st .... 7 108 -!.08 108 -108 108),.(-108¾ 108½-108½ t09½-108 .... - .... 110¼-110),( 110 -109¾ 110 -109¾ 111 -111 .... - ........ - .. .. 2d ........ ............... ?' .... - .... 113 -112 ... . - .... 113_½-llS½ .... - .... 113 -118 .... - ........ - ........ - ........ - .... 115 -115 115 -115 Chic. R. I. & P,-Coup.6 116 -113½ 118 -116 118 -117 117½-116 118.½-117 119 -117¾ 121 -119¼ 121 -119¼ 123¾-120 125 -123 127 -124 130 -126¾ Registered . .......... .. 6 116 -116 .... - .... 117¼-117¾ 116 -116 118 -118 121 -121 120 -120 120 -119¾ .... - .... 123)4-123¼ 125½-124¼ .... - ... . 99½- 96¼ 100 - 99½ 108 - 98¼ 99½-- 98 08 - 98 97 - 95.½ 99 - 98 97 - 116 97½- 94 98 - 96¼ 98 - 97 Keo. & Des lll., 1st ... 5 96 - 94 C.St.L.& .O.-lstCon.7 108½-10 ½ 112 -111 111.½-107½ 111.½-110 108½-108¼ 106¼-105 108 -108 108 -108 .... - .... 114 -110 .... - .... 114 -114 77 - 75½ .... - . . ...... - ....... - .... 77½- 77¼ 79¼- 79¼ .... - .... 85 - 80 .... - .. .. 76¾- 74¼ 76½- 75 2d, income .............. 6 75½- 70 .. ...... - ........ - ........ - ........ - ........ - .... 100 - 98 101¾- 99 101¾- 98'¼ 106 -101¼ 106½-102 C. St. P. :u. & O,-Cons.6 .... - .. . . . . .. Chic. St. P.& lll.-1st.6 103½-102 106 -103¼ 107 -103 105 -105 102½-101½ 102¾-lOl'U 106 -104¾ 106 -105¾ 109%--106 108¼-108¾ 107 -104½ 109 -107 Land gi·ant, inc .... . 6 97¾- 93 100¼- 977A 100½-100 101¾-101 101 - 98 105 -100 107 -105 111 -110½ 113 -110½ 114 -110½ 117 -114 121 -117 No. Wisconsin-1st ... 6 .... - ........ - ........ - ........ - ........ - ........ - .... 91 - 91 ... . - ........ - .... 105½-105 106 -106 .... - .. .. St,P. &Sioux C.-lst.6 101 - 96¾ 104 -JOO¾ 104 -103½ 102 -100½ 102 -1()()7A 102 -101¾ 104 -101½ 105½-103¾ 106 -105 l '.l5¾-103 108 -105¾ 110¾-107 .. ...... - ........ - ........ - ........ - .... 94½-- 94¼ 100 -100 100 -100 100 -100 .... - .... 106 -106 C. I. St.L.&Ch-Cons.61.... - .... .... 98 - 97¾ 100 -100 .... - ........ - ........ - .... .. .. - ........ - .... 102 -102 .... - ........ - ... . Cin. Laf. & Chic.-1st. 7 92½-- 92½ 103 -103 Cin.&S.-lst,c.c_.c.&I.7 106 =103 106 =104 109 -_108~ 108 -_105.½ 108½-107½ .... -_ .... 110 -110 108¾-108½ 108½--_108 108 =107 .. . - .... 116 -115¾ .. ...... - ....... . ~ .... 115 115 115 115 .... - ........ - .... .... 108 107.½ 108 -108 .. .. 108¼ 108¼ 107¼ 107¼ 1st, Lake Sho:re .. ... .. 7 CI. C. C. & lnd.-lst .... 7 117 -117 118 -118 120 -118¼ 120½-120 118 -117 119 -117½ 119 -119 .... - .... 122 -121 .... - .... 123¼-121 127 -126 Consol. gnar ....... .... .7 108 -107 109½-108½ 111 -108¾ 114½-114½ 114 -114 112½--110¼ 111½-111½ 111½-111 112 -111 115 -115 117 -117 120 -!.17 1 95½- 82 - ........ - ........ - ........ - ........ - .... 84½- 81 .... - .... 83 - 81¾ 82¼- 78 Col,C.&lron-1st,con.6 ... - ........ - ........ Del. & H.-lst, 1884 .. 7 105¼-103¾ 105 -104 106 -104½ 108 -105½ 107 -106½ 106 -102½ .... - .... 106_½-106¼ 107 -107 106 -100½ 108¼--107 !08 -l08 1st, 1891 ................ 7106)4-105 107¾-106.½ 109 -107¾ 111 -109¼ 110 -109 111 -108¾ 109½-108 111 -109½ 112¼-112 111_½-109½ 1127/4-lll 115 -114 1st, extended ........... 7 106 -106 . . . . - . . . . . . . . - . . . . . . . . - . . . . . . . . _ . . . . . . . . _ . . . . . . . . _ . . . . . . . . _ . . . . . . . . _ . . . . . . . . _ . . . . . . . . _ . . . . • . . . _ ... . Coupon, 1894 ....... ... ?' 110½-110½ 112 -110¾ 112¼-112 108½-108½ 108¼-107 108 -108 114 -112 115 -114 117 -116 115 -114 117n!-114¼ 116 -114½ .. .. 108 -107¾ 108 -108 112 -112 116 -116 117 -117 .... - .... 117½--117½ .... - .. .. Reg., 1894 .............. 7 110¾-109 · 112 -109¼ 112¼--112 .... Penn. Div.-coup ...... 7 111½-110¼ 116½-111½ 114 -11214112¾-112½ 112½-112½ 113 -112 118.½-118¼ 120 -118½ .... - .... 119¼-119 119 -118¼ 122 -119¼ . .. . . .. . 120 -120 .. .. .. . . .. .. - ........ - .. .. . . . . Rea-istered .... . ....... 7 111 -110½ 114 -112 113 -112 112¾-112½ 112¼-112¾ 115),(-115¼ 117 -115 116 -116 .... - .... 112½-112.½ 113¼-118½ . 11.5 -115 Alb. & Snsq.-1st ..... 7 113½-112½ 108¼-107¾ 108½-108½ 109 -107¼ . 108¼-108½ 108¾-108½ 111 -109:}.( 108 -108 2d .. ................... .. 7 1108½-108 110¾-108¼ 117 -117 125¾-122½ 1st consol, guar ..... 7 109¼-107¼ 112¾--109¼ 113¼-112 114 -109½ 109:U--109¾ 111 -11014 113½-112 115½-114 .... - . . . . . .. Rens. & Sar.-lst, cp. 7 124 -124 .... - .... 128 -128 130 -128 125 -125 125 -125 .... - .... 128½-128 .... - . .. .. .. - ........ - .... 140 -137 .... - ........ - .... 128 -128 .... - ........ - ........ - .... 131 -131 .... - .... 137½-137¼ 1 ■ t, rea .... ........... 7 . ... - ........ - .... 125 -125 Del. Lack. & W.-2d .. 7 104¼-104½ .... - .... 102 -101.½ 102 -101½ 102½-102½ 102¾-102¼ 104 -104 104 -104 100¾-100¾ 101 -101 101¼--101¼ 102 -102 , Convertible ............. 7 .... - ........ - ........ - ........ - ........ - ........ - ........ - ........ - ........ - .... 11~114½ .... - ........ - .. 1907 ............. . ........ 7 .... - .... . ... - .... 118 -117¼ 1117 -1!6½ 117¾-117½ .... - .... 120½-120½ .... - .... 117,(-117¾ 120 -120 122 120½ 125 -124 Syr, B. & N. Y.-lst .. 7 115 -113 115!-e-114 117 -!16 113½-113¼ 114¼-113¾ 114 -118½ 116 -114 116 -116 ... - .... 117¾-117½ 120 -120 120 -120 Morris & Essex-lst.7'126 -125 125¼-125¼ 131 -128 .... - .... 127 -127 131 -129 131½-131 135 -132 134 -131% 132½-132 134 -133¾ 135 -134 2d ........ ............... 7' 115 -112½ 112 -112 115 -115 114 -114 114 -114 114 -113½ 114½-114~i 15 -115 116¼-114½ .. . - .... 116 -115 117¾-116¾ .. = ........ = ........ = ... . .. ...... - ........ - ... .... .... 1900 ...... : ............. 7 ;.... ·- .... 103 -103 104!),(-104½ .... - ........ - .... .... .. .. .. .. .. .. .. .. . . .. .. . . ... . .. ...... - . . . . .. . Construction ...... .. 7 109 - 99½]102 -101 .... - .... 103 -103 .... - ........ - .. .. . .. . ... 114½-114¾ 114 -114 116 -116 !17J4-l17 . .... . 113 -107½ 1871 .................... 7113 -112¼ 115½-115 .... - .... 111¾-111½ 1st consol., gua1· .... 7 ,109¾ •107 110½-108½ llO;J,!-109¾ llQ¾-110 111 -109½ 109 -106¾ 110¾-109 lll!ij-109½ 114¼-112 117½-116 121½-119 125¼-119 Denv. &Rio Gr.-lst .. 7 101¾- 96 1104¾-101¾ 105¾-102¾ 106:).(-103¾ 102¼- 99½ 105_½-lOOJ.n 104½-103¾ 105½-104 109 -10'3 111¾-1077/11111 -108 116 -109¼ . 95¼- 94¾ 95½- 9()¾ 96¼- 95 100 - 96 103¾- 96 108¼-103 116¾-106 1st consol. .............. 7 1.... - ........ - ........ - ........ - .. .. .. .. 105¾-105 111 -104¾ . . . . . . . . . . . . 108¾-107 . .... Den,So.Pk.&P.-1st.7 .... - ........ - ........ - .... 1 . . . . - . . . . . . . . - . . . . . . . . - . . . . . . . . 109 -108 109 -106½110 -110 113¼-111½113.½-113½114 -114 115¼-115¼ -110 110 -110 110 .... ........ .... E.Tenn,Va.&Ga.-1st.7104½-l~ .. .. 128 -126 . . .. . Erie-1st, extended ..... 7 121½-120 123 -119¾ 123 -122 123 -122½ 122 -120½ .... - .... 127 -123¼ 125 -125 127 -127 - ... . 2d, extended ........ . . 5 105 - 104 107 -105½ 105)4-105)4 106- 106 106¾-105½ .... - . ... 109 -107 109½-109½ 105¾-105 .103¼-103½ 1 3d . .................... .... 7 108 -106,½ 108½-107½ 105½-105 106 - ¾ 107 -106¾ 107½-107¼: 108¾-108¾ 109½-109 107.½-106¾ 107¾-106¼ 108½-107½ 109 -108¾ 4th .... ................. .. 5 104 -102¾ 104 -103¼ 104}.{-104¼ 1101¾-101 102¼-101½ 103½-103 103 -103 107 -106 106_½-106)4 105¾-104)4 107 -105¾ 107¾-106¼ . .. . llQ¾-109 109½-109½ 111½-111½ .... - . .. . .. .. 5th ....................... 7 112:)4-112¾ 112 -111)4 111¼-lll 1112 -112 lll½-111 1st con sol, gold ........ 1 119 -115½ 122 -118¾ 119 -116½ 119 -117½ l19½-118¾ 121.½-118 123 -121:J( 125½--123½ 121½-120 126)4-120 127¼-124 130½-125:½ 1 113 -118 l14¾-J14¾ 119 -115 122 -119 120¼-120 119 -118¼ -116 119 -119 Lonii Dock ............. .7 116½-116¼, .... - .... 117 -116 Jl16 Buff. . Y. & E.-1st. ?' 116 -115¼ 122 -119¾ 124 -122):(124 -120 .... - .... 119 -119 123½--119 126 -125 123 -123 125 -125 123 -123 .... - .... ]st ............ ............ 7 1112 -111  1  1  1  I  r i N. Y.L.E. &W.93¾- 90¼1 92¾- 90 i 92k 8~ 92%- 81¼ 90½- 77¼ 91½- 87¾ 91¾- 85¾ 90 - 86¼ 97½- 88\i-j; 102½- 96 1027A- 95~ New 2d consol. ....... 6 ! 90¼- 87 .... .... 119½-119½124½-124½ .... ... ........ ........ ........ .... .... .... 1 1stcons.fd.coup .... ?' I ... . - .... 120 -120   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  I.... - ....  1  RAILROAD BONDS.  54  I SSO-Contin ued.  , JANUARY FEBR'RY.  BONDS.  MARCH.  APRIL.  MAY ,  JUNE  JULY.  AUGUST. "EPT'BER. OCTOBER. NOV'BER. DEC'BJCR.  - - - - - - · - - - - - - High.Low High.Low High.Low High.Low Hig_h_.L_o_w_ High.Low High.Low High.Low High.Low High.Low High.Low High.Low  Erie-N. Y. L. E. &W.2d cons. fJ. coup.a, 6 Income ................. 6 Erie&::; Pittsb.-Consol.7 Frankf.&Kok.-lst ... 7 1  i:!::::tl:~-:.'!.-  87 85 - 81¾ 88¾- 84 . .. . - ... .... - .... 70 105¾--105 .... - ........ ... - .... 90 - 90 00  -  84½ 68½ .. . . 00  SO.¾- 84 68½- 67 105 -102 .... - .. . .  86)4- 7~ 86 - 71 .. .. - ... ..... - . . . . 100 -100 101%-101½ 95 - 00 90 - 90  f~; ::~1:::: = :::: ::: : = :::: :::: = :: :: :::: = :: : : :::: =  ::::i::::  86½1- 82½ 86¼- 81¼ 75 - 75 75 - 70 .... - .... 105½-105¼ .... - ........ - ....  85)472 ... 96 -  81¾ 92¾63 71 ........ 96 96  97¼84 74.¼ 83½........ 95½ 96 -  91¼ 98 78½ 91 ........ 96 103¼-  = :::: :::: = ::: : :::: = :::: ioo =100·· i~=100·· 1~~½=1~~  91½ 85 ... . 93  ioa =1ci2 ..  2d lllort . ......... ....... 7 .... - ........ - ... ... - .... .... - ........ - .... , ... . - ........ - ... ..... - ... ... .. - .. ..... . - .. ...... - .... 1()5¼-105½ Han. & St . .Jo.-Conv .. 8 110 -108 112 -110}( 108 -lOO}fj 106¼-106¾ 107 -106 109¾-106¾ 112 -109½ 112¼-111½ 10$¾-107¾ 109¾-108 112 -109¼ 112 -110¾ Hous. & Tex. Cent.1st, Main Line ....... .. 7 107¾-106½ 109¾-108 111 - 109.¼ 110 -109½ 110 -108½ 110 -108¾ 108 -107 108 -106¾ 108¾-107½ 110¼-108;:{ 112½-110 llS¼-112½ .... - .... 105 -105 106 -105 106)4-105½ 110 -108 111½-109¾ 113 -112 1st, Western Div ..... 7 105 -105 ... . - .... 108 -106½ 107 -107 .... Waco&Noi•th.Div .. 7 .... - .... 106 -106 108 -108 107%-107¾ ... . - .. .. 107½-107,½ .... - ........ - . ... .... - ........ - . ... .... - .... ... . - ... . 2d, con. l'tiain Line ... S 113 110)4 114¾-113 115 -114½ 110:Vs-110 110½-105 110 -110 115 -114 116 -115¼ 118½-116 116,4-114¼ 119 -116 118 -115 98½- 98)4 98½- 98½ .... - .... 94 - 94 .... - .... 95 - 05 .... - .... 99 - 98½ .... - .... 97 - 93½ 98 - 03 Inc. and indemnity ... 7 98 - 98 Ill. C.-Dub.&S .C., lst.7 105 -105 104 -104 .... - ........ - ........ - ........ - ........ - ... .. ... - ........ - ... . .... - ... . .... - ....... - ... . Ceda1• F. & :iU.-lst . . . 7 107¼-101 104 -102 104½- 103 105½-104 106½-106½ 10$¾-107 107½-107½ 110 -110 .... - .... 111 -110 113 -111½ 113 -US Ind. BI. & W,-lst, pf.. 7 113 -114 115 -114 !15)4-115¼'. 116½-116½ 117 -113 .... - ........ - ........ - ... . .... - ........ - .. ...... - .... 123 -123 80 - 78½ 79½- 74¼ 80 - 79 75 - 73½ 715 - 74% 78 - 76 75 - 73 75)4- 73½ 75 - 73¼ 75 - 723-i 74½- 72 1st .......... .. .. 3, 4, a, 6 75 - 69 69 - 66¾ 7~- 68 66¾- 64 65 - 64 65 - 62 62 - 61 61 - 60 64½- 63¾ 62¼- 60½ 62¾- 60 65½- M 2d. . . . . . . . . . . 3, 4, I;, 6 65 - 58 69¼- 54¼ 72 - 61> 54¾- 42 48 - 46 50 - 47 47½- 47 53 - 45 51¼- 51 53 - 48 60 - 50 65½- 60 Income. . .. ............. 6 04 - 51 lnd. De<!. & Sp.-lst .... 7 102¾-101½ 103½-102 103½-102½ 100 · 99¼ 99½- 97 100 - 96 101½-100 102¾-100½ 104½-lOS 103½-101 104~-103¾ 105½-1°' 6~ 60 64¼- 64 65 66 65 65 65 65 65 65 - 62½ 60¼- 60¼ 67 67 - 65 75¾- 73¼ 74'.)s- 69 2d . .... . ................ 7 76 - 70 [nt. & Gt. Nort!i.-lst.6 .... - .... 102 -100 lOl;i:!-100½ 101¾--100½ 98½- 97 100 ._ 98 101½- 99½ 103 -102 103¼-lOS 106 -10~ 105),.(-lOS 107 -104½ H.&Gt.N,-lst,P.R ... 103½-93½ 106½-104 .... - ..... ... - ........ - ........ - ........ - ........ - ........ - ........ - ... . . ... - ........ - .. .. S5 - S4¾ S3 - S2¼ 85>(- S5¼ S7 - S7 . . . . - .. S4 - 31 31½- SO 41 - S5¾ 31 - 25 45 - 43 48 - 44 2d, purch. rects . . . . . . . 51½- S2 33 - SS ... . - . .... .. - . . . . S7¼- 37½ .... - .. . . S4 - S4 33½- 29 36 - 25 Internat'l-2d,1mr.rec. 52 - S4 49 - 42 45½- 4S •~S9 - 87 88½- 84}4 91 - 84½ 85 - 77 77)4- 77 75 - 72 71 - 69 70 - 68 69 - 65 72¾- 71 2d income ...... ....... 8 . .. . .. .. .. 77½- 70 77 - 71 Je1ferson RR.-lst ..... 7' ..... - ....... - ....... - ..... .. - ........ - ....... - ........ - ....... . - ........ - ........ - ..... . .. - .... 110 -110 99;14- 96¾ 103 - 99½ 104 -lOS 104½-102¾ 106 -103½ 1~-104 105 -104¼ 98 - 97 Laf. BI. &l'tlun.-lst ... 6 93¼- 91~ 98 - 93 101}(- 98 101½-100 7~- 71 7S - 69 71½- 69 70 - 67 69 - 69 68 - 68 67 - 6S 63 - 6S 72 - 67 72¼- 69 72 - 69 Income .. ..... ............ 6 73¼- 61 99¾- 97}4 101½- 97½ 105 -101 10~-102 103 -101½ 104%,-102.½ 106¾-106 107'4-106¼ 99¼- 98 98¼- 93¼ 100 - 98 L. E. & West.-lst . .. .. 6 96.½- 94 69 - 64¼ 72 - 67 68 - 64 69¾- 64 65 - 62 62¼- 53½ 65 - 60 56 - 53 65 - 57 Income ................... 6 65½- 57 73 - 64 69½- 6S Lake Sh. & Mich. So.lU. S . & N. 1.-Skir, fd.7 110 -110 111 -110 111½-110¼ 111½-lll 108 107½ 109 -109 109½-109½ 111 -110¾-112 111 112 - 112 110 -109½ 110 -109~ C1ev. & Tol.-Sk.r, fd. 7 108 -108 109¼-109 .... - .... jll0½-109 111 -110 .... - .... 108%-108¾ 110 -109 110 -109¾ 111 -111 112 -110½ 111¾-111~ New........... .. ..... 7 118 -118 .... - ........ - ........ - ........ - ... . 107 -107 .... - ........ - ........ - ........ - ........ - ........ - . . . . CI. Painta. & Asb ...... 7 ... . - .... 117 -117 .... - .... 113}:(-113¼ 115 -113½ 115 -115 .... - ........ - ... 118 -118 .... - ........ - ........ - ... . Buff". & Erie-New ... 7 118¼-118 .... - ........ - .... 118 -116¼ .... - .... 118½-117 120½-120 121½-120 .... - .... 122 -121 12S -123 12S -128 Buff". & State Line ... 7 108½-108½ 102¾-lOl!:}4 .... - .... 104 -104 .... - ........ - ........ - ........ - ........ - .... lOS -lOS .... - ... .. ... - ... . Kai, &Wh P,-lst ... 7 .... - ........ - ........ - ........ - ........ - .... 113 -llS .. .. - ........ - ........ - ........ - ........ - .... .. - .. .. Det. lU. & Tol.-lst .. 7 .... - ........ - ... 115½-115½ .... - .... 119 -119 .... - .... 121½-121½ 121 -121 .... - ... . 116 -116 .... - ........ - ... . L. Shore-Dividend .. 7 119½-118 119 -119 .... - ........ - .... 116 -116 118½-118½ .... - .... 120 -120 .... - ........ - ....... . - .... 123 -123 Con. coup., ·ht . ... ... 7 121 · 119 123 -122.½i 125 -122½ 121½-121 123½-122 123¾--123 123½-121 124½-124½ 124¼-123½ 125¼-124 127 -127 1S3 -127½ Con. re:;r., 1st .... ... .1121½-118¼ 122½-121 123 -122 122)4-122~ 121¾-120¼ 124½-121¼ 122½-121 124 -124 .... - .... 125 -123½ 127½-127 US -liS Con. coup., 2d .. ..... . 7 116 -114¼ 117¼-116 117¼-117¼ 119 -118½ 118¼-117½ .... - .... 117 -115 118 -117>:{ 119 -118 120 -119 120 -120 125 -123 Con. rca-.. 2d .. ... .... 7 115¼- 115 116¾-115¼ 117¼-117 119)4-118 118 -115 116 -115 117 -116 118 -117 119 -118¾ 119 -119 120½- 120½ 123 -12S Lonir .1Sla.nd-lst ....... 1 ... . - ........ - ........ - .... 108 -107 108½-108 .... - . ... 110 -110 .... - .... 109¼-109¼ 110}1.:-110¼ .... - ........ - .. . . Louisv. & N.-Consol. .?' 115½-113½ 120 -115 120}4-116¼ 114¾-114½ 114½-113 117 -llS½ 116½-115¼ 118 -117 118¾-116½ 117 -115 119½-117 121 -120 2d, lCOld .. ........ . ..... . 7 105 -103 105,¼-104¼ 106 -104¾ 105}4<05¼ 103;14-103:}.{ 10$¾-103¾ 104 -103¼ 104¼-104½ 106 -104 .... - .... 105 -105 105½-L05 Cecilian Branch . .. . 7 105½-105 ... . - .... 110½-108 110 -110 .... - ........ - .... 107 -107 110 -110 106 -106 107)4-107¾ 108 -108 .... - .. . .  cni!~.t~d:: ~o~ :~~~&~l~be. Gen'l mo1·t .......... .6 ... -  -1~~~1::: : = :: ::  ~~.~  =1~~ ..  , ~~~  =1~~ ..  ~~~  =1~~ .. :::: = ::::  ~~.  =1~~ ~~·1· =1~~ ..  ~~~~~!: ~~!¼=!~i½ ~~~~=~~:½ ~~~  =~~:  .... .... - .. ...... - ........ - ........ - ........ - ........ - ........ - .... ... - .... 105½-105 105¼-105 103 -101¼' 95 - 95 96½- 96 Manhattan B. Jmp.(;o.7 .. .. - . ... . . . . - . . . . . . . . - . . . . 1 . . . . - . . . . 95 - 05 .. .. - .... 90 - 90 .... - .... 91½- 91¾ 96 - 95 - ........ - ....... . - .... 105 -105 108¾-105 .... - ........ - .... 110 - 110 .... - .... 107½-107½ 108 -10~ N.V. & 1\Ian. B.-lst 7 .... · ....... 1  ::::;~: ~b~~t=i:::.; ~~~½=~~~½  1~~. =1~ .. :::: = ::::  ;!~~~~i;;~~:~i:~'i'.l~":'~\~ '.~'~~ ;;;;,.::,.;;  ~~~~=1~~ .. ~~-¼=l~Y  ~.~ =1~ .. :::: = :: : :  iOO,._,oo;; iO\,,_,oo;; ;oo,,:,oi;. ;oo,.:.;.;;  ~~~  i"": .;,.:;;:;;if :,t;;; iti :,:ii ;o~ :,os;. -111  .... = ........ = ::: : :::: = :::: ::: : = ::::  -125 128½-125¼ 129 -125 -106 110 -106½ 115 -109½ - . . .. .. . - .. ... ... - .. .. - ....... . - ........ - ... . -105½ 117¼-110½ J.15 -108 74¾- 66¼ 79 - 69½ - 61 -110 .... - ... . no -110 -106 107 -104£ 110 -103¼ 107 -lOS 104 -102¼ 105 -100 102 100¾;-100 103½-102 100¼ 102¼;Mob-&0.-Nevv . ... . .... ll00 - 95¾ l0Z - 09 tOl¼-100 84¾ 88 - 84 90 84)4- 79% 86 - 82 80 - 75½ 84 - 79 74 - 67½ 76 - 69 74¾- 72 1st pref. deb~n . ........ 7 75¼- 62 77¾- 70),~ 77¾-- 74 56 -- 58½ 54 - 50 52 - 45¼ 58 - 51 50 - 46 43¼- SS¼ 46½- 41 40 - 36 46 - 40 49)4- 45 2d 1n•ef. debcn ........ .. 7 51 - so~ 50 - 43 41¾- S8 45 - 41 40½- S9 40 - 35 S7 - S4 32,¼- Sl½ 35 - S2 40 - 38 .... - .... 80 - 28 S9¼- S7 3d pref. debcn .......... 7 j S9}s- 86 4~- 41 .... - ... . 44 - 38 36¼- S4 SO½- SO½ 31%- SO¾ 32 - 31½ 85¾- S4 4th preE.deben ......... 7 40 - 83 37¼- 36 39 - 34½ 30 - SO Nash.Ch.&St.L.-lst.7 '112 -105 115 -112¼1U:J,.£-113 114¾- 114 115 -114 114 -114 110½-107¾110 -110 110¾-110 114 -110¾118½-116 121 -118 Nevada Central-1st .. 6 1.. . - .... . ... - ....... - ........ - ........ - .. .. 99¾- 97¼ 99¼- 99¼ 99¾- 097~ .... - .... 100 - 100 .... - ........ - ... . N Y. Central-1883 .. . 6 10e -104¼ 105)4-104¾ 106½-106 106 -105½ 104 -103 105)4-104)4 105¾-105 105¾-105 106~-!0~ 107 -106½ 104¾-10:.½ 105 - 104¼ . ... 112 -111¼ 112 -111½ 112½-112 .... - .. . . 1887 ..... ................ 6 11107 -107 .... - .... 108½-108 108 -108 100 -109 108½-108½ .... - .. .. . ... . . .. .. - .. . . .. . - .... 102½;-102,½ . .. . - . . . . . .. - . . .. .. . . - .... 106 -106 . . . . - .... 104)4-104)4 . . . . - ... . Real estate ........ ... . 6 .. .. - . . . . . . . . N Y,C.&H.-lst, cp .. 7 126 -123)4126½-125½ 126)4-126 127 -126 127½-126¾ 130 -127½ 131 -127 132 -129¾ 13~-130 13~-130!4 135 -lSS 1S7 -135 1st reg .... ........... .7 125 -124 126¾-124¼1126¾- 125¾ 127 -126 127½-127 130 -127½ 130 -126¼ 130 -130 lS0½-129½ 1S0¼-180¼ 1327k1S27~ 1S5 -135 . ... 112¼-ll~ llS -110 . .. 112 -112 ... . Hud. R., 2d ska-. f'd .. 7 110 -110 110 -109½ llC -109½ 110 -110 111 -111 111 -110¼ 110½-110½ ... . 93)4- 92¾ 95 - 93 100 - 94¾ 101 - 99 104¾- 99½ OSM- 88½ 93 - 92 Can. So.-lst, gu,3to5 1 93¼- 89¼ 93½- 90¾ 91¾- 90 91¾- 89¼ 90½· 88 133½-130 184 -132½ -lSO 138 -130 130 129½ 180 -129 129 125:)4-125¾ 124½-12S½ -126½ 127 126½-125 126½-126 Harlem-1st, coup .... ?' 127 -126 130 -129½ 130,¼-130¼ 1s2 -JS2 183 - 182 1st- rev .... .......... ?' 126 -125 126½-126½ 125 -125 126¾-126 124½-124½ 125¼-125¼ 126½-126½ 1 ~ Y. Elevated-lst: .. ·· 7 jl11)4-110 113¼-110 113 -112 112 -110¾ 112¼-110½ 114¾-112½ ll.0½-108½ 112¼-109:% 112½-110½ 115½-111¾ 117)4 116)4120 -116¼  Mich Cent.-Consol .. . .7 1120 -118 120¾-119 120½-119;)4 122 -121 118:)s--117 119 -116-¼ 121¼-120 124 -124 124 -123½ 128 1 st, sink. fund ...... 8 .. . . - . . . 110 -108 110½-100½ 107 -106¾ 107½-107 109 - 107¾ 106 -106 108½-107¾ 111 -108¼ 106 .. .. - ... . .... - . . . . 110½-110½ ... . - ......... - . . . . Equipment . .......... ~ ... - . . . . .... - ........ - .. .. Bords, 1909 .. ...... .. .6 110 -109¾ 110¾-110¾ 107%-107~ 108½-107¾ 108¾-108½ 108½-108½ 1 M. K.& T -Con ass'd.7 ,106¾- 92!4 106½-103½ 103½-100¾ 103¾- 99 102)4- 09½ 105¼-101½ 10(5%-103½ 106)4-104¾ 107¼-102 112 70 68 - 64½ 67~- 58 67¾- 58½ 62 - 51¼ 66)4- 55¼ 67 - 62 2d, income . ......... . 6 70 - 47¼ 69)4- 65 69½- 65 110 -108)4 110 -110 110 -110 .... - .... 110 111 -109¾ Han. & C - lllo.-lst .. 7 .. . - ... . 6.  :~~.~~r=~-t:~:~~~  : ::=:::: :::: =>: : =: :r:: =:::: ::::  = :::: :::: = :::: .... - ....  ·· · - ... .  27 _ 2C  ·~= [  98)4- 91½ 98½- 93 103 - 9$¾ 107 -10~ 90 - 88¼ 92 - 90 92¼- 89 91 - 89½ 91 - 89 Ohh Cent1·al-l st . . .. ... 6 . . - . . . . 93 - 92½ 92½- 90 60¾- 55 58 - 56 52¾- 49½ 58¾- 51 48 - 47 47 - 45 4.8 - 44 49½- 45 53 - 50 Income ................... ?' .... - .. .. 58 - 58 57¾- 53 .... - ........ - .... .... - ..... ... - ........ - ........ - ........ - ........ - .... .... - . .. . 100½- 99½ 102¾- 100¼ 1st, ter trust .......... 6 .... Ohi.o & Miss.-Skt:, fd .. 7 112½-110 113½-111)1{ 115½-113½ 115 -115 115 - 115 117 -115 .. . - .... 117½-115½ 116 -115¼ 117 -115¾ .... - .... 122 -118 -111 113½-112 115 -113½ .... - .... 116½- IH½ 117 -115 .... - ........ - .... 117 -116, 120 -115¼ 117½-117 118 -118 Consol.. .................. 1111 1 2d Consol. ............... 7 112½-109 118 -112~ 121 -116¼ 114½-lll½ 110 -1.i7½ lll½-108½ 113 -111½ 111 -112 119 -115 121 -116 122 -116 122¼-120 9S - 83 102 - 92 105,¼-l~ 11~-111 llfl½-110 117 -llS 81¼- 76½, 77 - 75½ 80 - 80 85 - 80 84;1:!- 77 1st Sp1•ingf. Div .. . .. 7 81 - 66 98 - 96½ 100 - 97½ 108 - 99¾ 107 -104¾ 107¼-106¼ 109 -106¾ Orea-on R.&Nav.-lst.6 92¼- 89h; 95 - 91¾ 94½- 92½ 93¼ 92)4 94 - 91¾ 1()().Js- 92 Pacific RailroadsCeut. Pacific-Gold .6 L09½-108¼ 113¾-110¾ 113¼-111¾ 113½-112 1113 -112¼ 115 -llS½ 112¾-111¾ 112¼-112 112_)4-lll~J 113¼-111'4 115 - 113¾ 118 -114 San .Joaquin Brch .. 6 104 -101¾ 106}.:1-104 105}4-105}4 10.l -102½ 104½-103¾ 106 -105 100· -106 107½- 107½ 109 - 108 105½-104½ 107¾-105¼ 107 -107 Cal. & Oregon .. ..... 6 103 -100 10-!;)i-104½ 105¼-104½ 104¼-103¾ 105 -104¼ 105 -105 103½-103½ 105 -105 106½-106¼ 105,¼-105 106 -106 105¾-105 - ... 105½-105 . . . - ........ - . . .. . .. - ........ - . . .. 105 -105 105 -105 .... - ........ - ........ - ........ - .. . . State aid ... .. .... .. . . 7 . Land grant ... .. ... . 6 105 -104½ 105}4-105¾ 105¾-105¼ 104¾-102¾ 104 -104 105 - 105 .... - . . ...... - ........ - .... 106½-103¾ .. . - ........ - .. .. Western Pacific .. .. 6 108 -103¼ 108½-107½ lLO -109½ 109½-109 110½-107½ L09 -108 106¾-106¼ 109½-108¾ 109 - 108¾ 109 -108""!;1! 112 -110 114 -111 Missourj Pac.-Cons. 6 .. .. - . ....... - ........ - . ....... - ........ - ........ - .. .. . . . - ....... - ... .. ... - ........ - ... . .... - . . . . 105 -105 Pacific ot Mo,-lst . . 6 108½-106},fj 106 -104¾ 106¼-105 106¾-lOb 108 -106)4 109 - 108 111 -109 108½-106% 100 -10'/ 108)4- 107¾ 108¾ 108¼ 109 -107½   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  1  RAILROA JJ BONIJS. 1880-Conclnded. J ANUARY FEBR1R Y.  BONDS.  MARCH.  APRIL.  MAY.  JUNE.  - - - - - - - --·--  JULY.  AUGUST. SEPT'BER. OCTOBER. NOV'BER . DEC'BER  - - - - - - - - --  High. Low High.Low High . L ow High.Low High.Low High.Low High. Low High,,Low High. Low High.Low High.Low High . Lo w  ---  ,  Pac. RRs.- Mo, Pac.Pac. of 1Uo.- 2d . .. .... J..08_¼-107½ 109 -107¼ 109¼-109 109~-109% .... - ... 108½-l08n 108 - 106 109½-108¾ .... - .... 113 -113 115 -114-¼ !1";¾-116 95 - 03 97 - 94½ 100 - 07' 90 - 89½ 93½- 88 .... - . .. . 94½- 92 98¼- 96 97 - 95½ 96 - 05 St,L.&S,F.- 2d,CI.A .6 90 - 87¼ 97 - 90 ClassB . ............. 3 -6 69¾- 68 75 - 69½ 77 - 75 76 - 73 80 - 78½ 8l½- 78¼ 85½- 79½ 89¼- 84 80 - 75 '13-¼- 68½ 75 - 70 81 - 80 82)4- 78}\ 87 - 82 Class c ...... .. ..... 3 - 6 68¼- 65 74 - 69~ 76 - 72 75 - 75 67 - 67 74 - 68½ 77½- 73¾ 79)4- 78 79¼- 76 78¾- 77 ... .... . ... ... - .... ... . ... 101 -100 100¼-100½ lOl},!-100¼ 102½-102 1104 -102¼ 10-1¾-104 102 -101 Equipment .... .... . . . 7 .... - .... .... So.Pac. of Mo.-1st 6 103),(-100 103 -102 103!)4-101 104¼-101¾ 104),4-103½ 105 -103½ 103¾-103½ 104 -103½ 104)..j-103½ 104 -103½ 105 -104 106),i;-105 100½-100 977,ii- 97¼ 97½- 96 So. Pac. of Cal.-1st .. 6 .. . - ... .... 97),4- 97¼ 977,ii- 97¾ 100¼- 38¼ 100¼- 90½ 100¼- 07¾ 101¾-100½ l03¼-101 Tex. & Pac.- lst . .... . 6 105 -105 .... - ... .... - .... 103}.{-103 .... - .... . ... - .... .... - . ... ... - .. . 108 -108 106 -106 . ... - .... .... - ... Consol . .. ........ .... . .. 6 89 - 89 99½- 97 . ... - .... 96 - 06 .... - . ... 90½- 90½ 92 - 92 03 - 90 92¼- 92½ 80 - 90½ 102 -100 99½- 99 Land grant, reg . .... 7 90 - 69 80 - 74 77 - 67½ 69¼- 6.3 67 - 56 09 - 65 60 - 56 70¾- 67 63½- 57 75½- 67½ 75 - '10½ 71¾- 71 Rio Grande Div . .... 6 ... - ... . .... - ... .... - .... ... . - .... . ... - . . .. . ... . .. so - 80 85 - 80 82½- 80½ 92½- 82 95¼- 91¾ 100 - \13 Union Pacific- 1st ... . .6 110¼-108¼ 112),(-110 113¾-111¼ 113¼-111½ 1137-{-112¼ 115)4-113¼ 1131,s-112 112<'.,s-112 113 -112¼ 114)4-112¼ 115¼-114 18 -lH Land Grant .. . .... ... 7' 116 -112¾ 114 - 111½ 113¾-113¾ 111½-110 lll¾-110½ 113½-111¼ 114 -113 116 -114¼ 116}.{-115¾ 114 -113 114 -113½ 114 -11 Sinking fund ......... 8 120 -114¾ 119¾-118¾ 116~-115 :!.16 -114¾ 117 -115½ 118 -115¼ 1197kll'i"% 120 -119 116½-115 119½-116¼ 120 -118½ 122¼-11 Registered . . . ... .. .... 8 ... . - .. .. .... - .. .... - . ... . ... - . ... 115¼-115¼ .. .. - .... .... - . ... 119¼-lt9lf .... - ...... - .... 118¾-118 . ... - .. . Col. trust ....... ....... 6 .... - .... 104)4-102 105 -105 .... - .... .... - . ... . ... - .... 104¼-104½ 105 -105 105¼-105¼ 105¾-105¾ 107 -107 107½-1051 Kansas Pacific1 tcp.ctfi!l.,F.& A .6 .... - .. . 119 -117 117 -117 118 -118 118¾-118 ... . - . .. . ... . - .... .... - .. . 120 -120 . ... - . ... . ... - .... .. .. - . .. Coup. ctfs,, J.& D.6 116½-111" 117½-116¼ 117 -1151}.{ 117 -116 117)4-116¾ 116 -113½! 118 -116½ 119 -117½ 118½-118 120 -120 126 -121½ 122½-122 Leaven. Br ..... .. .. 7 105 -100 .... - . ... .... - . ... .... - ... . .... - .. .. . ... - . ... 118 -us . ... - .... .... - . ...... . ... .... - . ... 140 - 140 Income , No.16 . ... 7 88 - 72¾ 85 - 82 80¾- 80 78 - 78 .. .. - . ... .... - .... 90 - 83 .... - . .. 85 - 85 . ... - . . . 91½- 91½ 102 -100 109 Den. D,,as, cp, ctfs.6 108¼-102 110 -lOi¾ 109)4-108¼ 108½-107 104:)4-102½ 106 -103 105¾ 110 -109 l!l¼-109¼ 114 -109½ 114 -110½ 114½-113 Den. Div., ex cp . .. 6 .. .. - ... . 101¾- 06½ 100½-100½ 100 - 99½ .... - . ... 97¾- 95½ 100¼- 97 101½-100½ 102½-102 105 -102 103)4 -102¼ 106½-104 1st consol .. . . ... .. .. 6 .... - . .. . 97%- 96% 97½- 95 97 - 95 93½- 88 95 - 90 v7 - 94 98 - 95½ 97¾- 95¼ 100 - 96 102¼- 96¾ 105¼- 99 .Pennsylvania RR,Pitts. Ft. W.&C.- 1st.7' 126 - 125 128 -127½ 130 -128¼ 130¼-130 130½-130½ 131 -130½ 135½-131 .... - . .. 137½-136¾ 137 -137 - . ... 140 -140 2d ... .... . ...... . .. . ... . . 7' 123 - 122½ 125 - 123 126 -125 126 -125 .... - . ... 126½-126½ 125½-125¼ 129 -129 127 -127 130 -129 130½-130 130 -130 3d ... .. .. ........... .... . 7' 119 - 118½ 121 - 119¾ .. .. - .. .. 119 -117½ 120 -118 120 -120 -··· - .... .... - .... ... - . ... 119 -119 -··· - .. .... - .... Clev. & P.- Cons, s,f.7' 118½-118 119¼-118 120 -119½ 121½-119¾ 119½-118½ i20 -119 .... - .... . ... - .... .... - . .. .... - .... . ... - ... .... - . . 4th .... ... . . .... . ..... . . 6 108 -108 .... - .... 108½-108½ 109}.{-109}.{ 112 -lllH . ... - . ... .... - .... .... - ... .... - . .. .. - . ... 112½-112¼ 113 -113 90:1:(- 89¼ 95¼- 93 99½- 98 110 -104 109 -107 C.C.& I.C.- 1st, cons.7 96 - 84½ 94¼- 88 89 - 82¼ 82¾-- 80½ 80¼- 79½ 81¾- 81¾ 88¾- 86 2d ...... .. ..... .... .... .. 7 52 - 52 .... - . ... .. .. - .... ... - .... .... - .... . ... - .... . ... - ... . . ... - ... .... - . ... . ... - ... . .... - .... . ... - . .. 95 - 90 88½- 82 ~-Sr.½ 90 - 86 ... - ... . 104½- 95½ 106½-105 89¼-- 80 81¾- 80½ 81 - 78 1st, trust ctfs., assd .. . 951}.{- 84½ 94 - 88 81¼- 78 89 - 80½ 89 - 84½ 91¾- 86 96 - 90½ 96½- 94¼ 105¾- \¾¼ 107¼-102 83 - 80 1•t, supplementarv . . 96!)4- 83¾ 94¼-88 89¼- 80 !ld, trust ctfs., ass'd . . 46¼- 45 .... - ... . .... - .... ... - ... . .... - .... .... - . ... ... . - .... .... - .... .... - . ... . ... - . ... .... - ... .... - . .. 35 - 29 45 - 39!,i; 4.8¾- 41~4 47 - 44¾ 60 - 45 42 - 31~ 41½- 36 60 - 54 39½- 35 Income . . . .. . .. ... . .-.... 7 50 - 32½ 49 - 41½ 44 - 39 96 - 95 101 - 96 101 -100 101 -100 101)4-100 104 -101 105 -104 107 -10:'.I 97¼- 93 97 - 96 Peo.bec. & Ev.-1st ... 6 .... - . ... 93½- 92 57¾- 51 02 - 60 63 - 61 63 - 51 63 - 62 73½- 62 74 - 72½ 76 - 7 58¼- 55¾ 54 - 50 lncome . .. .. . .. . .. .. . .... . 6 ... . - . ... 60 - 52 . ... . ... - .... .... - . ... .... - .... .... - .... .... - . .. . .... - .. .. 08 - 67½ 68 - 68 70 - 66 Income, Ev, Div ..... . . 6 ... . - . ... .... - .... .... R. Wat. & Og.-Cons .. 7' 71 - 59¾ 74½- 67 72¼- 69 68½- 63½ 65¼- 54 65 - 56 66,fr- 65 64 - 61¾ 68 - 62 75¼- 62½ 79 - 73 81½- 75 St. L . .A. & T. H.- lst . . 7 111 -111 112 -112 ... - .... 113 -112 113_½-113½ 115 -115 111½-lll½ .... - .... 114 -112½ .... - . ... 115 -114¼ .... - . ... 2dpref. ... .. . ... . . .. .. . . 7 103 -101 101½-100¼ 101½-101½ 105 -105 lu5 -104 104 -102 107 -107 106 -106 106 -104 108 -105 . ... - . ... 109 -109 93 - 93 94 - 93 96 - 9.3 .... - . ... 99 · - 95 92 - 89)4 95 - 00 93 - 90 2d income .. . .. . . .. ... . . . ,. 94 - 90 94 - 90 98 - 97¼ 100 - 9 Bel. & So. III.-1st-... S .. .. - . ... .... - ... 120 -120 116 -116 .... - .... . ... - .... ... - . .. .... - .... .... - . ... .... - . ... .... - . ... a5 -11.5 St. L. & Iron M.-1s t . . 7' 116½-115½ 115¾-113 115½-113 1137,1i-113½ 114 -113 118 -114-¾ llS -117½ 117½-117 117 -115 117½- 116¾ 118 -117 119 -118 2d ..... .. ... ... .. . .. ....... 7' 103 - 97¼ 104¼-102½ 103¾-102½ 103¼-102¼ 100¾- 97 101 - 98¼ 103½-100¾ 106¼-103-¼ 106½-104½ 109 -105>-e 106)..;-103½ 110 -103 Arkansas Branch . ... 7' 104½- 99½ 106)4-104¾ 105 -104 104}.{-104¾ 105 -103¾ 102½-102 106 -104 106½-105¾ 105¼-104½ 108 -1053.l' 110¾-103½ 108¼;-105 Cairo & Ful,-lst .... . 7' 108 - 101 106¾-105¼ 107¾-106¼ 10'77,1i-107 107¾-104¾ HO -107 110 -107¼ 108½-108 108½-106½ 110 -108¼ 112J4-110J..1 115 - 111 Cairo Ark. & Tex .... 7 102½- 97½ 102 -101¾ 102 -101¼ 101}.{-100}<; 101¾-100¾ 102 - 99 105%-102 106 -106 105 -103½ 107¾-104½ 109 -107½ 107¾-10 90 - 87 92 - 88½ 92¾- 86 1st pref. inc. Int. ac .. 7' 90 - 80 96½- 88¼ 96 - 90)4 95 - S9 83 - 75 84¼- 76½ 87 - 82¾ SQ¼- 86 89¾- 86 85 - 79¼ 85%- 80½ 77 - 75 77¼- 72)..~ 77¾- 71 2d pref, inc. int. ac . ... 6 74 - 68¼ 85¼- 68½ 87 - 80½ 83 - 72 74 - 65½ 76 67¾ 80¼- 74 .... ... -113 . ... .... .... 115½-115¾ .... . ... 113 . .. . . ... ... . . ... . ... - . ... 120 - 120 5lt.L.V.&T.H,-1st,gd.7 ... . - .... ... . - .... ... . 95 - 05 .... - .... .... - . ... .... - .. . . .... - .... . ... - .... . ... - .. .... - . ... . ... - . ... .... - . ... 2d .. . . .. ....... . .. ...... .. . 7 .. .. .. .... .... - .... .... - .... 102½-102 105¼--104 .... - . ... 107 -107 .... - . ... 109 -109 .... - . ... . ... - , ... 2d, a-uar .. . .. . . . ... .. - . .. .. - . .. . ... . . 110½-110½ 100 -109 112¾-110¼ 107¾-107½ 109½-109½ 110 -109½ 111 -109}!l 112 -112 114¼-111 St. P. Miu. & lll.-1st .. 7 107 -106¼ 109½-107 ... . 2d . ... ... .... ..... .. . .. .. .. 6 ... - . .. . 95½- 95½ 96½- 96½ 95 - 95 96¾- 95¾ .... - . ... .... - . ... 98 - 98 102 -102 101 -100),4 101 -100 101¼-1 .... - .... .... - . ....... - ... .... - ..... .. . - . ... . ... - . ... .... - . ... 104 -10-1 .. .. .. . ... South Side (L. 1.)- lst. 7' .... - . ... ... - .... Sprina-V.Water W'ks .6 101½-101¼ 101½- 101½ 100:!,(-100¾ .... - .... .... - . ....... - .... .... - . ... .... - .. ... .. - . ... .... - . ... .... - . ... .... - . ... Texas & St. L.- 1st . ... 6 .. .. - . ... ... . - .... .... - ... . .... - .... .... - . ... .... - .... .... - . ... .... - .... .... - . ... . ... - .... 96¾- 95½ 94 - 9~ Toi • .Peo. & W.Porch. C. R., 1st, E. D. 125 - 123 130 -126 131 -130 131 -130 129½-128 130½-129¾ 131 -131 1~-!8?.½ 135 -134_½ 135 -135 .... - ..... .. - .... 130 -130 141 -136½ 140 -139¼ 142¾-142 Purch.C. R,, 1st, W. D. 125 -123 130 -125 130¾-130 130 -127 128 -126½ 129 -128½ .. .. - .... . ... - ... ... - .. . .. - . ... . ... - . .. . 1st prf. inc. for 2d . ..... .... - .... 64½- 64½ .... - .... 65 - 61 .... - .... . ... - .... .... 98 - 96 W.St.L.&Pac.-G. lll . . 6 .... - . ... ..... - .... .... - . .. . .... - .... . ... - . ... . .. . - . ... ... - ... .. ... - . ... .... - . ... 99 - 98 97½- 95 .... .... . ... . .. - .... . ... - . ... .... - . ... .... - .... CWcaeo Division . . ... .r, .... - . ... .... - .... ... . - . ... .... - .... .... - . .. .... - . ... . ... 99 - 96 90¼- 99 99¼- 97 102 - 95}:{ 106}!;-103U 10'™-107 Wabash- 187'9 ...... . .7' 07¾- 91 100 - 97¾ 100 - 98½ 95¼- 95 9-t;!i- Oi¾ 93¼- 92½ Toi. & W.- 1st, ext .. . 7' 112 - 111½ 109 -107½ 110 -108 109 -109 111 -1C9 112 -112 .. .. - .... 110½-110½ 110 -110 111 -UOY. 114 -114 112 -112 St. Louis Div ... . .... 7 108 - 105 107¾-104¾ 106¾-105 106}\{-105¼ 106½-100 108 -102 108 -107 106 -105 104½-104 108 -104¾ 109½- 108 111 -110 2d, e xtended . .. . . .. .. 7 103)4-100 105 -103 105 -104 104¼-103¼ lQl¾- 95 102½- 99 104 -102¼ 105),<'.,104:¼ 105 -103¼ 110 -104~ 108½-106 108¾-108 Equipment .... ....... 7' 40 - 40 40¼- 40 45 - 40 .... - . ... .... - .... . .. . - . ... .... - .... 40 - 39½ 39 - 39 85 - 35 .... - . ... .... - . ... Cons. conv ... .. . ...... 7 101½- 97 101½- 99 101½- 09 101¾- 90½ 99,¾- 93 99½- 95 104 - 99}.{'104 -103 103½-100 106½-102¼ 110½-105 112½-109 Great Western- 1st .. 7' 112 - 110½ 108 -108 108 -107 108½-1071A 110 -106½ 110 -109)4 lU¼-111 108½-108¼ 108½-108½ 109½-101) 112½-112 ... . - . . .. 2d ......... . . . .... . . . . . . . 103 - 99¼ 104½-102¾ 105 -103!J.( 105 -104 101½- Otl,½i 102¼- 97 104 -102 105¼-103¼ 105½-103}.j 109 -104¾ 109 -105 108½-106¾ Quincy & Tol,-1st . .. ,.. 103¼-102½ 106 -104% 106¾--106 106 -106 .... - . ... .... - . ... 106 -106 107¼-107½ 10'7¼-107 - . . .. 108 -108 108 -108 . ... .... - .... Ill, & So. Ia.- lst .. . . . 7 100 - 100 100 -100 .... - .... .... - .... .... - . ... .... - . ... . ... - . ... 101 -100¼ 100 -100 . .... Wab. Funded Int... . . .... - .... .... - .... .... - .... .... - . ... . ... - .... 100 -100 100 - 100 . ... Ill. & So. Ia.- lst . .. 7 .... - . ... .... - .... .... . ... .... - . ... 07 - 95 . ... - . ... 08 - 98 Dec. & E. St. L . . . .:',- 6 86 - 86 ... . - . .. . 93 - 93 90 - 90 .... - .... .... - .... .. .. - . ... . ... - . ... 92 - 90 Quincy & Toledo .5-6 .... - .... .... - .... .... - .... .. .. - . ... .... - .... .... - .... . ... - ... . ..... - . ... . ... - . ... 95 - 95 98 - 98 . ... - . .. . .... .... .... .... 86)<; . ... 92½.... .. 92½ .. . ... 88 .... . ... Toi. & Wab,- 2d .. a -6 .... - .... 83 - 83 95 - 05 96¼- 96}.f 98 - 06 Wab. & w.- 2d .. . 1)-6 .... - .... .... - .... ... . - .... .... - .. .. .... - . ... .... - . ... . ... - .... .... - . ... . ... - . ... .... - . ... 96¾- 96¾ 96 - 96 88 - 88 .... - .... .... - . ... .... - . ...... - .... .... - . ... . ... - . ... 95 - 9.3 Gt. Western-2d .. a -6 85 - 85 88 - 85 96¼- 9~ . ... - . ... 87½- 87½ ... - . ... 92½- 90 97 - 96 96½- 91 Cons. convert .. .. . 1)-6 84¾- 80¼ 89 - 85 86 - 88 87 - 87 .... - .... 80 - 80 97 - 96 St.L.K,C.&N.-R.Es . 7 109 - 106 110 -108!4 108 -106 107 -105 107 -105 107 -106 110 -107 110_½-llQ 107¼-107 110 -107½ 110 -109½ 113 -112 OmahaD iv . . ..... .... 7 107~-106¾ 112 - 107 113)4-111 110 -109 110 -109¼ 108½-108½ 112 -110 112 -111 .... - . ... lll¼-110 112 -112 120 -118 St.Cha-r's Bridge . 7'-8 107 -103½ 107¼-107 108½-107¼ 105 -105 106¾-105 106 -106 107¾-107¼ 108½-108 lW -108½ 107½-105 106½-105 104½-108 - . ... . ... - ... . 93 - 00 98 - 05 102¼- 95½ Clarinda Branch . . . 6 .... - .... .. .. - .... 95½- 94 ... . - .... .... - . ... .... - . ... .... - . ... . No. Missouri-1st .. . 7' 115 - 112 115½-114)4 116½-ll~ 116½-l16 116½-115¾ 110 -117 118¼-117 118½-118 118½-118½ 119)4-118½ 123 -121 .... . ... West. Un. Tel,- Coup .. 7' 115 -115 115 -115 120 -115½ 118¼-116 115 -113 114½-114¼ 116 -116 117¼-117¼ .... - . ... 120 -120 119 -117¾ 119 -115 .... .... -117 .... .... . ... .... .... 117 . ... 114½-113 .... . ... . ... ... . Reiiis tered ... .... . ...... 7 115¼-115¼ 111¼·117½ . ... - . ... 116½-116¼ -  -  ~  ::::1 ....  ·"  -  ··r .  - I -  ,..  ..  -  ...  -  1881. BONDS.  J ANUARY FEBR 'RY.  MARCH.  APRIL  MAY.  Ju~rn.  JULY.  AUGUST. SEPT'BER. OCTOBER. NOV'BER. DEC'BER.  H igh.Low H igh.Low H igh. Low Hiirh. Low High.Low High.Low High. Low High.Low High.Low High.Low ITigh.Low High.Low  - - - - - - -- -- - - - - - - - - - - - - Atlanta & Charl.-Inc.6 Atlantic&PacUlc- lst .6 Incomes . . . .. .. ... .. .. .. 6 Bait. & O.- Pa-rks.Br.6 Bost~ H. & Erie.- J st . . 7 Guaranteed . . . . .. . .. . .. 7'  .. .. .... .... ....  -  66 - 51¼ 61 - 52  . ... -   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  - - - - 1- - - - 1 - - - - - - - - -  - ....• .. • - .. . . 4 ~ - .... 112 -112 . . . . 62 - 54¼ 63 - 57¾ 88¾- 62¾ 83¾- 78¼ 83¾- 76 71)¼- 66 75 - .. . . 65½- 65½ . .. • - .. . . • • • • - . . • • • • • • - • • • • • • • • -  .... 4.8½, •. .. 66  100 45 110 72  - .. .. - 99jli - 44 -110 - 56½  . ... - .... 101¼-100¼ 42¾- 42¼ .... - ... . 79¾- 61½  95-95 101 -100  .. .... . . . . . SQ¾- 65  - .. .. . .. . - .. .. Tl -'11  56  R.A.ILRO.A..D BON.DB. 1881-Conttnued. J.ANU.ARY FEBR'RY.  BONDS. -------·-----· 1  M.ARCH.  APRIL.  MAY.  JUNE.  JULY.  AUGUST. SEPT'BER. OCTOBER. NOV'BER.  DEO'BER.  - - - - - - - - - - - - - - - - 1- - - -1- - - - 1 - - - - 1- - - - - - - - - - -1 - - - - 1 • - - - H_ig_h_._L_o_w H_i_gh_._I_,o_w H_hr_h_.L~~ ~igh. Low High.Low High. Low High. Low High. Low High. Low High. Low High. Low High.Low 1  Bm·. C.R. &N.-lst .. . 5 101 - 99¾ 100½- 99½ 100½- 911 101 - 99½ 104 -100¾ 102¾-101 102¾;-101% 102%-101~2 101 -100 101 -100½ '!.02½-101¾ 100 - 99 :rtlinn. & St. L.-lst. 7 122 -122 126 -125 125 -125 .. .. - ........ - .... 125 -125 . ... C.R.Ia.F.& N.-lst .. 6106¼-106½ 107 -106¾ 108 -108 .... - .... 104¾;-104¾ 105½-105 .... - ... 105½-105 105 -104 Ca1·01ina Cenn·al-lst. 7 . . . . - .... 101 -101 Cent. Bl·. U. P.- lst .... 6 . ... - .... 104¾-104¾ 105½-105½ .... - ... . 108 -108 - .... 102 -102 Funded coup ........... 7 .. .. Atch.Col.&Pac.-lst.6 .... - .... 101½-101½ 102 -101 106¾-101 106 -105 105 -104 101¾-101 102 -101 101 -100½ 100 100 99 - '¥/ Atch.J.Co.&W.-lst..6 .... - ... . .... - .. ..... . - .... 108¾-101 108 -108 10$½-108½ 102 -102 Centl'al Iowa-1st ..... . 7 ,115¾-112½ 114 -113¼ 118 -110 118¼- 112 117¼-113½ 119½-117½ 118 -115 116¼-115 114 -1127( 115½-114 116 - 1 ...5¾ ~~5½-114 Coup. debt ce1·tfs ...... 7 90 - 88 91 - l•8 87 - 87 .. .. - ....... . Cent.RR.o:fN.J.-lst .. 7 121 -119½ 120 -117½ 118%-117¾ 119 -118 121¼-120 122 -120¼ 124 -120 .... - .... 117½-116¾ 119¾-118½ 119 -118 118%- 118 Consol., assented . .. 7 j115¾-115 118½-1187,11 117½-116½ 116½-116 116½-115¾ 120 -118¾ 120 -118¾ l18 -116 115½-115½ 114½-112;,~ llf>¼-114 115¾-115¾ Conv., assented ..... 7 116 -114¾ 117½-115 117½-116 118 -117 117 -115 120 -117¾ .... - .. ...... - .... 118 -116 117½-115 llS¾-113½ 1187/4-118,:C Adjustment ........... 7 113½-112¼ 118½-109 110½-108½ 112¾-111 112 -107½ 112½-108¾ 108½-105 106%-106½ 109)4-107¾ 111 -108 107 -105 108 -106¾ Income ............... 7 105 - 97½ 106 -100 108 - 99 102½- 96 105 -101 105 -102 101½-100 99½- 99½ 100 -100 103 -100 108 -100 102½· 100 Leh.& W.B.-Assent 7 111 -105 112 -109 111 -108 111,(-108 112½-110 112 -111 112 --110 112¾-109 110½-109¾ 110¾-108½ UQ¾-109 108½-107 Income . . . . . . . . .. . . 7 92½- 85 99½- 99½ 98¼- 98½ 98 - 95 95 - 95 94½- 94½ . . . . - . . . . . . . . - .. . . 96 - 96 97 - 93½ 90½- 90½ 93 - 90 Am. Dock & Imp ...... 7 126 -126 185 -126 132½-182 132 -180½ 180 -180 132½-180 186½-182 186 -185¾ 136 -186 135 -184 186 -186 138¾-187 As -ented .. . . ......... . 7 126½-122 138 -125 138¾-182 132 -1297.111130¾-130½ 185 -180 185½-1317:· 136½-185 184 -184 - .... 137 -186 139¾-1387-( Bonds ............ ... . 5 .. . . - ... . 100¼-100¾ 102 -101¾ Ches.&O.- Pur.IU.fd .. 6 .... - .... 110 -110 .... Series A .... .. ....... . .. 6 .. . - .. .. 102 - 90 102 -101 102 -100 Series B ...... ..... ... 6 84. - 80% 83¾- 81 85¾- 81¾ 86¾- 88½ 92½- 85¾ 91 - 89½ 89½- 86 88¾- 84 86½- 84½ 86 - 84 85½- 83¾ 84¼- 80½ 58 - 55 56¾- 52½ Cur., int de:fened ..... 6 53 - 48¾ 53 - 49),i~ 59 - 50½ 60 - 55 67)4- 59½ 66½- 63¾ 63%- 58½ 61½- 54½ 59¾- 55 58 - 54 - . ... 122 -122 Chic. & Alton-1st . .... 7 122 -121½ 121 -121 120 -120 121½-121½ 125 -125 128 -128 128¼-128½ 119 -119 127 -119 127 -127 - .... 101½-iOl½ Income . . . . . . . . ......... 7 105 -105 106 -105 - .... 102 -102 105 -108 ... . - .... 102 -102 Sinking fund ........... 6 115 -112 112 -112 118 -113 114¾-114½ .... - . ... 115 -114½ .... - .... 113½-113½ .... - .. .. ...... Lon.& :rtlo. Riv.-ts t .7 115½-115¼ 116 -116 - .... 116 -116 118 -118 119 -119 125 -125 .... - .... 114 -114 118 -118 117 - 114 2d ............ .......... 7 .... - .... 109 -109 St. L.J.& Chic.-lst .. 7 .. . - .... 117 -117 - .... 119½-117 119½- 118 120 -120 120 -120 .... - .... 117 -117 117 -117 115 - 115 :rtliss.R. Br'ge-S. fd .. 6 106¾-106¾ 106½-106½ .... - .... 105 -105 .... Chic.Bur.&Q.-lst ... 8107 -105¾107 -106½108 -107 108½-108 110 -109 110 -110 106½-103¾106½-106½ .. . . - ... . 106½-106)4106¼-106½ .... Consol.. .. .............. . 7 129 -127 127½-127 127¾-126 128¾-127¼ 180 -130 132½-131 131½-130 :32 -131½ 132 -131 131¾-130 lS0½- 129 180 -180 Sinking fund .......... .a 105 -105 - .... 105~-105¾ .... Chic. & E. Ill.-lst ..... 6 106 -106 107 -106~~ 108 -108 110 -110 111¾-111¾ .... - .... 113 -118 110½-llO½ 113 -113 .... - ., .. 108 Income .... ............. .7 102 -100 107½-10::½ .... - .... 109 -109 .... - ....... . - .... 107¾-107 .... Chic.Mil.&St. P.-lst.S 137¼-186 138¾-183¾ 183 -180 135 -135 186¾-136 187 -137 139 -139 186 -186 138 -138 134 -138 184 -134 138½-183½ - .... 118 -118 .... - ... 121 -119½ 121 -120 2d ..... ........... .. 7 3-10 127½-125½ 124 -128½ 123 -121 122½-122½ .... - ....... . - .... 126 -126 120 -120 12! -121 122 list, gold ................. 7 128 -128½ 124 -128½ 122 -122 .... - ... . 182 -125 132 -129 126 -126 120¾-118¾ 121 La C1·osse Div ....... . . 7 '25½-128 128¾-128½ 122½-120 128 -121½ 129¼-124½ 128 -127½ 125 -122 125 -125 12$½-123 .... - ... . 122 -120 121 I. & :rtl. Div ............. 7 125 -128 125 -122¾ 122¾-120)4 122 -121½ 127%-128½ .... - .... 126 -126 .... I. &D. Div ............. 7- .... - ........ - ........ - .... 128 -128 126 -126 ... . C. & M. Div .... ........ 7 124 -124 126 -125 122¾-122¾ 122½-122½ 181 -126½ 129 -129 128 -128 - .... 125 -125 125 -125 121 -120½ 125 Consol. .................. 7 125 -123½ 124¾-120 123 -120¾ 124 -122 182 -124½ 181 -129 131 -124 126 -128 126 -124 124½-120 124 -122 124 2d u1ort .... .......... ... 7 . ... - ... .. ... - . . ..... - .... 101½-101½ ... . I. & D. Exten ...... ... . 7 1263,s-120 124%-122 122½-120 122 -121½ 130 -128 180 -128 126 -126 - ... . 126 -126 120 -120 121 -~21 121½-120 So. West Div ........... 6 108¾-10814 107¼-107 107¾-107 108 -107¾ 110½-110½ 107 -107 109%-109½ 109 -106½ 106¼-106 106 -103¾ 109 -1~, 107 -107 96 - 94½ . . . . 95 - 95 1st, La C. & Dn.v .... . ii 99½- 97¾ 98 - 96½ 96%- 96¾ 98½- 97 102¼- 98 101½-100¼ 96 - 96 96½- 92 94 - 93 So. Minn. Div ... ..... 6 108¾-107 108 -106 107 -106 H,7¾-106½ 111½-107 111 -110¼ 108¼-106 107¼-105 106½-105 106¾-104½ 107 -106½ 107 -106½ - .... 118 -116" 117¼-117 H. & D. Div ...... . ..... 7' 118¾-117 118 -116 117¾-ll!S 118½-117½ 128 -117½ 122½-122½ .... - .... 118 -115 118 -117 Chic. & Pac. Div ...... 6 110½-110 110 -110 109½-109 110,f-109 111¾-lll 112,f-112½ 110½-110½ 1097/4-108½ . .. . - .... 109 -107½ 108 -108 110 -1087,11 97 98 - 98 100 - 97 Western Div ......... 5 .... - ........ - . .. . 103 -102 .... - .... 99 - 99 108 -1C8 98 - .... 95¼- 95¼ Mineral Point ......... ii .... - ........ - ........ - .... 102 -101 98¾- 98¾ .... - .. . . 90 - 90 .. .. Chic.&N.W.-S.F ...... 7' 112¼-111 - .... 110½-109 ........ - ... . 112½-112½ ... . Interest................ 7 106 -106 108 -108 108 -108 .... 105½-105½ .... - . . . . . . . . .. .. 108¼-108½ .... Consol., ....... .. ........ 7 185½-184 132½-182 131 -180 132½-131 138½-183 185 -133 185 -134 138 -183 185½-183 184 -131½ 133 -130½ 181 1st mort ........ ........ .7 113 -112 110½-108½ 110 -109 110 -110 112½-111½ 118½-108 113½-118¼ 110 -107 108¼-107 108½-108½ 110 -108¾ 110 Gold, coup ............... 7 127)4-125 125½-123 125 -121 125 -124½ 129 -127 127 -126 128 -126¾ 127 -125¾; 125 -124¾ 125 -124 127½-124 124 Gold, re,i . ............. .. 7 128)4-126 125 -124 125)4-128½ 125 -124½ 13()¾-127 .. .. - .... 12{1¾-125 125¾- 125¾ 125 -124¾ 124 -124 124¾-124¾ 124 -128 Sinking f e nd, coup .... 6 111 -lQt».! 111 -111 111 -110 108 -108 112 -108½ 111 -111 111)4-110% 11()"",l-8-110% 1107, -110 107 -105½ 108 -107 109¾-107¾ Sinking fund, reg . ... .6 .... - .... llQ¾-110¾ ... . - .. ...... - .... 110½-110½ ,. .. - . . . . . •. - ........ - . ... 106½-106½ 107¾-107¾ 108¼-107¾ Sinking fund, coup ... 5 ... - . .. . .. . - ... _ ........ _ .. . . ... _ - .... 101 - 101 lown. Midland-1st ... 8 . ... - ........ - . . . . . . . . . ... 182 -132 .... - ........ - . .. . .. .. 130 - 130 Gal.& Chic.-Ext'n .7 104½-104½ 101)4-101¼ 102 -101 102 -102 103)4-103¾ 104½-104½ 104 -103¾ 100)4-100¾ .... - ... 102 -102 102 Chic.& Mil.-lst ... .. . 7 .... - .... 121½-120½ .... - .... 1.24¾-121¾ .... - .... 125 -125 125)4-125¼ ... - •. . . ... Winona& St.P.-1st.7 .... - .... 110 -110 108 -108 - ... . 109 -109 2d ...... . ............. . .. 7 120 -120 .... - .... 119 -118 120 -119 - .... 122½-122¾ .... - .... 124¾-124¼ 124 -124 .... - . . . . 120 -UO¼ 120 -120 Chic.R.I.'&P.-Coup .. 6125¾-125 124½-124 124 -121 125 -124 128 -126 180 -128¾ 129½-129 130 -127 128 -126 126 -125 127 - 125 130 -126¾ Reg ........ ............ . 6 .. .. - .... 125 -128½ .... - .... 124 -124 124 -124 .... - .... 129½-129½ .... - . ... 126½-126¼ 125¼-124½ 126 -125 127¼-127 Keok'k&DesM.-1st,5 105 -102¾ 105 -104¾ 105 -108 102¼-101½ 104 -103½ 110 -110 110 -110 110 -107 .... - .... 103 -103 106 -103½ 105 -105 C.St.L.&N.O.-Consol.7 111:1 -116 ... . - . . ...... - .... .-·· - .... 117 -117 .... - .... 114 -114 118½-118½ 2d, income .............. 6 ~00 -100 100 -106 100 -100 .... - . . . . . . . . .... - . . . • • .. C.St.P.M.&O.-Cons ... 6 107 -105¾ 107)4-105¾ 105 -103¾ 104½-103½ 109¼-103¾ 106½-104¼ 105 -102¼ 103%-101 104 -102 .. 103%-102 104¾-103 101¼- 99 Chic.St.P.&M.-l~t .. 6 111 -108½ 112¼-112 1113,s-111 lllll:{-111¼ 112 109½ 113 -111 112½-112 .... - .... 113 -113 113 -113 110 -109¾ 1108¾-108 1 St. P. & S. City-l_st .. 6 115 -110 114 -112 112¼-111½ 110 -108)4112 -109½ 118 -112 113 -112 113½-110 118 -111½ llQ¾-108½ 110 -109½ 110 -108¼ 1 C.St.P.&M.-L.g. mc.6 ,120 -1~0 .... 106 -106 .... Cin. I.St.L.&C.-Cons.6 ... - .. . . . . . . .. 103½- 103½ · .. . Cin. Laf. & Chic.-lst.7 110 -110 .... - ... , ... . Cin.&Sp.-lst,C.C.C.&I 118½-117 119 -lHI . . . . . . .. 118¾-118¾ . · ·. - .... ·•• · lst,L.S.&M.S ...... 7 .... - . . .. 119 -119 .... - .... ···· - ....... . Cl. C. C.& 1.-lst, s.fd.7 .... - .... .... - . . .. 125 -125 125 -122½ 128 -128 124 -124 124½-124½ .... .. ...... - .... 125 -125 125 -125 124 -128½ Consol. .. ................. 7 121 -116 122 -121 121 -120 120½-120 126½-124 126½-124 126½-126½ .... - .... 125½-125 123½-120 1.25 -128 122 - 122 91¼- 8 9¾ Col. Coal & 1.- lst,con.6 97¾- l/6¾ 97 - 94¼ 9714- 96 96 - 95 102½- 95½ 103¼-101¼ 102 - 97½ 92¾- 90 93½- 93 93 - 90 92 - 90 Col um.& Greenv.-l st.6 . ... - . .. .. - ... .... - .... 106¼-106½ Del.&Hud.C.-lst,'84.7 106 -105¾110{1¾-105½ 107 -106½ 108 -108 109 -108)4 111 -109¼ 1C17½-l06½ 108 -107 108¼-106½ 108 -107¾ 108 -107 l08½-lOS½ 7s, 1891. . ............ ... 7 115½-113½ 115¼-114 116 -114 118 -116 118 -115 120 -120 117 -115 120 -118 115 -115 117½-115½ 116 -118 114½- 114½ Coupon, 1894 ... ...... . 7 1J7 -116 118 -118 118 -118 117 -117 !19 -119 120¼-118½ 121 -120 .... - .... 121 -120 118 -116¾ 120 -119 116¾-ll!>¼ Registered, 1894 ..... 7 118 -118 .... - .... 115¼-115½ 117 -117 - .... 120 -119 .. .. 118½-113½ 120 -120 Penna. Div.-Coup .. .. , 1123 -123 128 -123 124 -128 122 -122 126 -126 126 -125 .... 127 -126 128 -128 Registered ... ....... 7' .... - .... .... - .... 121¼-121½ . .. . - ... 124 -124 128 -128 . . . . : : : : .... - .... 125 -125 Alb. & Susq.-lst m .. 7 lll;J;(-111¾ 113 -113 114 -113¼.. .. . ... 116 -116 ·· ·· 2d mort ...... . ... ..... .7 115½-109 .... - ... 110 -109 109½-109 109½-108½ 109 -109 .... - .... 103½-106,2 106 -105 106 126 Consol. guar . .... ... 7 111½-lll½ 125 -125 125½-125½ 124½-124 126¾-121½. ... . ... 126 - 125 . .. . - ··· · Rens. & Sar.-lst,cp.7 .... - .... .... . .. 135 -184 .... .. .. 137 -137 .... . ... 186 -136 . .. 1st, reg ................ 7 .... - .... .... . ... 184 -184 .. . Del. Lack. & W.-2d . . 7 102½-102½ ... . Convertible . ............ 1 ... . . ... 1177,£-117¾ . ... . ... 119¼-115 .... Cons., 1907 ........ .. .1 .... - .... 127½-127¾ .... - .... 129 -126 127 -127 .. . . - ........ - .... 125¾-125 126 -1~ i27½-124}4 129 -127 - ........ - .. . . 122 -122 Syr,Bin.&N.Y., lst . .7 122 -120 120 -120 128 -122 121¾-121½ ...• - .... 126 -126 125 · 123 125½-125½ .. · · MorriM & Essex-1st. 1 135 - 138 185 134 135½-185 185 -134½ 137 -137 138 -134½ 149 -140 141 -141 185 -135 137 -135 185½-134 .... -119½ 120 -118 114).t;-114½ . ·.. ~d mort ... ............. 7' 118¼-117½ .... . ... 116 -116 1177,,fr-117 119 -117½ .... - .... 121 -119¾ 120 -118 120 1M, 1900 ............... 1110 -110 ... . Consn·uction .. ..... . ., 109 -109 .. .. - .... 11\) ,.s, 1871 ............... 7 .... . ... mo -118 120 -118½ .. .. . ... 124 -120 127 ·124 124 -128½ . ... -   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  1  RAILROAD BONDS. 1881-Continucd . BONDS.  .JANUARY FEBR'RY.  MARCH.  JULY. AUGUST. 8EPT'BER. OCTOBER. NoV'BER. DEC''BER . APRIL. MAY. JTJNE. - - - - - - - · - - · - - - - - - - - - - - - - --·---1----1  . - - - - - - - - - - High.Low High.Low High.Low High.Low High.Low High.Low H_i_gh_._Low Ilig~ow _H_ig_h_.Low .~~h.Low II_1g_h_._L_o_w H_ig_h_._L_ow_  el. Lack. & West.M.& E.-Cons., gunr .. 7 126 •124 125 -124)4125 -124 124¼-123½ 129 -124 127 •126 125½-124 126 -125 125 •124¾ 125½-124 125½-124~ 123½·122½ enver & Rio G.-lst.7 115½-118½ 117¼:-114 117¾-115 120 -118 120 -110 121½-110½ 120¼-117 118½-115 117½-116 117 •·116½ 114¾-113½ 114½--110 Consol. ................... 7 114½-111½ 114¼-112 114¼-112 115½-113 119¼-115}1i !21¾-119)4 117¾:-115 116½-110 112 •·110¼ ll0¾-107 lll¼-108 109¼-103¾ env. So, P, & P.-lst.7 110¾-107 109 -105 107¾-105½ 109½-lOi½ 111 -106¼ 110¾-110¾ 110 -108 109 -105 106 -103 107 -104½ 104 -102¼ 104 -103½ • Tenn. V. & G.-lst .. 7 115 -115 115 •115 117 -115 .... - .... 118 -117½ 117½-117½ .... - . .. ... - ........ - .... 82.½- 82!1; Income .................. 6 ... - .... .... . .. .. 60 - 55 55.½- 50 57 - 52½ 53 - 52¼ rie-lst, Extended .... 7 129½-128½ 127 -126½ 128 -127 129 -129 128½-128½ .. . - .... 132 -132 ... . - .... 129½-129},i .... - . ... 127½-125 125¼-125¼ 2d, Ext ........... ...... . 7 109 -108½ .... - .... 109¾-108 108½ 108½ 110 -109 110½-110½ . .. . - .... 110½-110 .... - .... 106¼-10 i¼ .... - .... 107 -106 3d . ............. ...... 7 111 -110 111 -111 108½-lOi}.{ 108 -lOi¼ 109½-107½ 111 -109 110 -109 109½-109 L05½-105 106 -105 105.½-105 106 -105 4th, Ext .... ............. /> 108¼-107¼ 110 -107 109.½-108¼ 109 -107¾ 109 -109 111 -109 111 -110 110 -110 - .... 107 -106½ 107 -105½ 108 -107 !jth .. .... ... .......... . .... 7 111 -111 1121}.(-112¼ 113.½-113 .... - .... 113 -113 - ........ - .... 112 -112 ht, consol., gold .. .... 7 131 -129¾ 131 -129'.),( 128 -126¾ 120 -127 182.½- 129 133¼-132¼ 133 -132 133 -130 129 -127 128 -127 127½-126½ 129¾-127 Long Dock .............. 7 .... - .. 120 -120 120 -119 120 -119 127 -127 123½-123½ 124 -124 126 -126 .... Buff'. N. Y. &E.-lst.7 12i¼-127 .... - .... 128 -128 - ........ - .... 128 -129 .... - .... 126 -126 129 -129 N.Y.L.E.&W.New, Zd consol. ... . 6 102 -100~ 102 - 04½ 102¾- 98 1037,.fr-101 108)4-104 106¼-102¾ 104¼-100¼ 103-¼- 99½ 103¾-100½ 104 -101½ 105 -103¼ 101¾- 99 2d:fund. coup .... .... 5 97½- 05¾ 96½- 95 96½- 94 99.l,s- 96¾ 104½- 09½ 101¾- 98¾ 100 - 08 100 - 97½ 100}4- 98 100 - 99½ 102½-100 99 - 97½ Income ................. 6 91 - 90¼ .... - ........ - .... 90 - 90 91 - 90 .... - .. .. 102~-101¼ v. & T. Hante-Con .. 6 . ... - ........ lint & P. ilI.-lUort ... 6 .... - ... ..... - .... 111 -111 110½-110 110¾ HO 113 -111 .. .. rnnk:f. & Kok.-lst .. 1105½-100½ .... - ........ - .... 110 -110 ,.al. H. & H.-Gold .... 7 70 • 70 .... - .. .. 75 - 71 - .... 89 - 89 78 - 75 81 - 76 80 - 75¾ 90 - 80 86 - &5 .... al. H. & SnnA.-lst .. 6 102¼-102¾ 102½-102 102 -102 105¼-105 105 -105 - .... 110 -109 - .... 103 -107.\{ 111 -106 107¾-106 ..•. 2d ......... ................ 1103¼-102¾ .... - ........ ulfCol.&S.F.-lst .. 7 .... - .. ...... - ........ - .... 112 -111½123½-113 125 -123 119 -1!8 .... - .... 117 -115 116 -115,½110 -104 110 -107½ an. & St. Jo.-Conv . .8113~6-111½ 113¼- 112 109¾-108 110 -108)4112 -109½ 112¾-111½ 113½-112 115 -113% 114 -109½ 108 -106¾ 108 -107¾ 108 -108 Consol........... . . ... .6 .... - ........ - ....... - ......... - .. . . .. .. - .. .. 112 -112 .... ous. & Tex. Cent.1st, Main Line ..... .... 7 112 -110 111½-110 110.½-100¾ 112¾-110¼ 117 -112¾ 117 -116 113 -110½ 112 -110¾ a2 -111¼ 111½-109¼ 113 -110¾ 113},!-113 1st. Weste1·n Div ...... 1110¾-110 110.½-110 109½-109½ 111 -109½ 113¾-111¾ 115½-113¾ lll½-111~ .... -· .. .. 109¼-109¼ 109½-109 110½-109½ 109½-109}fi Waco~ No: Div ...... 7 , .... - .... 111 ·111 .... - .... .... - ... . 115 -115 .... - .... 116 -116 ... - .... 116 -116 2d, Mam Lme .... •· .. .8 i126 -119 127 -126 127½-126 1124 -123 134.½-122 133 -130½ 182 -131 131½-127 130 -130 128 -126 125 -125 Inc. & lndemnity ..... 7 97¾- 97½ 100 - 9.J!( 100½-100 103 -102 100 - 99½ ... . - ........ Gene1·al mo1·t .... ..... .fi .... - .... 107 -106 lOfl¾-105 105 -104 106 -105 101¾- 99¾ 100,\4-100 99¼- 98 llinois Centrnl- .... 118 -118 Cedar F. & M., 1st ... ')' 113 -113 ... . ........ - .... l15 -115 116½-116 114 -114 Dub. & S. C., 2d Div.1 ... , .... 107½-107.½ 110 -110 nd. Bl. & W.-lst, pf.. 7 .... - .... 120 -120 120 -119 121 -120½ .... - .... 123 -123 ... - .... 125 -125 1st .............. 3, 4, 5, 6 84¼- 81 87.½- 83 oo - 87½ 90 - 88½ 95 - 89 99 - 95 98 - 05¼ 95 - 89 94 - 92½ .... 92 - 90 92 - 91½ 2d ... .... , ..... . 3, 4, 5, 6 73}.j- 70)4 81 - 72¾ u l - 79 I'll - 79'}.! 83 - 80 86 - 84 86 - 8-i 85 ·· 80 80 - 78 80 - 78 82 - 80 81½- 80½ 75 - 75 Income .................. . 6 80½- 65 80 - 74 85>11- 76 100 - 84¾ 108 - 98 Ind. Dec. & Sp.-lst .... 7 107 -1 r5 108¾-107 109 -105 LOO -103½ 107)~-106 109½-108½ 110 -1:0 107½-10474 l07 -106 103½-102½ 104½-103 105¼-104¼ 64 60 76¾65 75 - 70 2<1, income ............. .7 68 - 58 67¾- 58 60 - 59¾ 77¾- 50 80 - 74 78½- 77 - .... 63 - 63 66½- 5J 60 - 60 75 - 66 73 - 73 Trust certificates.... . . . . . Int. & Gt. No1·tb.-lst.6 110 -107 109½-109 110 -109 113¾-lJO½ 112½-lll½ 113 -112 112½-111½ 112½-lll 111 -109½ 110¾-110 101½-101¼ 107r..-107 97¼- 93½ 94½- 93 92 - 91¼ Coupon, 1909 .......... 6 .... - . . . . 93½- 93½ 91¼- 91½ 2d, income .. ...... ...... 8 94 - 87 !JS¾- 90½ 96½- 90 100¾- 95½ 100¼- 98 103½- 99¾ .... - ........ - . .. . 99 - 99 Assented ... .. . . .. . .. .. . .. .. .. .. .. .. - .... 103 -101½ 103 -100 100½- 99 Jeff'e1·son- lst ........... 7 109.½-103 110 -110 . ... - ........ - ........ - .... 110 -110 Lake Erie & w.-lst .. 6 113 -111½ 109¾-106 109 -107½ 109 -108 114 -110 115 -111½ .... - .... 109½-109 110 -IO"i½ 108 -105½ 108 -107 108 -107 68 - co 61 - 50½ Income ................... 7 81 - 68 82¼- 75 76¾- 72 77½- 73 82½- 75 85 - 81 77 - 74 76 - 65 73 · 67½ 72 - 6J Samlusky Div ... ....... 6 . .. . - .... 108 -108 107 -106½ 106¼-106½ 103 -103 103 -103 103 -100 100}4-100 -62 ... 55-55 .... 63 Income ................. 7 70 - 70 - .. .. 76¾- 72 - .... 105).6-104 108 -103 107 -107 105 -102¾ 10~-103 Laf. Bl. & lU.-lst .... 6 110 -108.½ lOOJ..i-109!,-~ 109 -107 109 -108½ 109 -lC6¼ 111 -100 Income ..... .. ......... 7 82½- 73 82 - 80 80 - 73 82 - 75 85 - 81 Lake Sh. & Mich. So.lU. S. & N. I. Skg. :fil .. 7 110 -109½ 110 -100){. 112½-111½ 113 -112½ 112 -110½ .... - ... 112 -110½ 112 -11~½ 112 -111½ 112 -111½ 109½-109½ 108 -107}\( Clev. & Tol.-~kg. fd.1109 -108½ 109 -109 110 -110 112 -112 113½-113.½ .... . ... 110 -110 110½-110½ 111 -111 110 -110 .... - .... 109 -109 New ... ................ ?" ... . - .... 10,½-108¼ ... . CJ. Pains.&Asb ....... 7 .... - .... 118¼-118)4 .. .. - .... 117 -117 .... . ... 126 -126 124 -124 Bn1f. & Ei·ic-Ncw .... 7 l22½-122.½! .... .. . 12:.l -122 . ... 123 -123 .... Kn.I. &Wb.P.-lst .. . 7 .. .. - ....... - .... ... . ... 112 -ll2 ... Det. lU. & Tol.-lst ... 7 l22 -122 .... - .... .... .... .... .. .. 122 -122 L. Sboi·c-Dividend .. 7 123½-123½ 125 -123½ 125.½-125 121J,i-i-121¼ .... - .... 125¾-125~ .. .. - .... 123½-122 123 -122 Con. coup., lst ....... 7 130½-129¼ 12i½-127½ 127½-127½ 128 -127½ 130½-129 133½-133 .... - .... 130 -128 1213 -128 130 -130 181 -130 130 -180 Con.1·e~., 1st ........ 7 128¼-128¼ 129 -127½ 127 -127 126}4-120 1w -128 - .... 131 -128 130 -129½ .... - .... 128½-127 130 -128 130 -130 Con. coup., 2d .. ..... .7 125 -123 124 -122~ 124¼-123.½ 125 -124½ 12'3 -128 126 -125 125 -125 .... - .... li7½-125 128 -12S 125½-125 124½-123 Con. reg., 2d ... ...... 7 124¼-123 123 -122½ t'. n -123 125 -12-1·".! 125½-125 126 -124½ 126½-120 .... - ... 126 -126 126½-1£5/21 127 -125 124 -123 Long Island-1st ........ , 114 -114 ... - .... 114 -114 112½-112½ .... - .... .... - ........ - .... ···· Louisv. & N.-Consol .7 122 -121)4 122 -121¼ 122 -121 120 -lll3H 122.½-120½ 124 -123¼ 124 -124 123½-122½ !22½-121½ 118¼-118 119 -117¾ 121 -l19 2d. a-old .................. 7 106 -103½ .. . - .... 100 -106 1... . - .... 1Q7 -107 .... - .. .. .. . - .... 106 -105 · ·· · Cccilin.n Branch ...... 7 . ... - . ... 111 -111 _ .... 1 . . . . _ . . . . . . . . - . . . . ,111¼-lll¼ 112¾-112¾ 110 -110 .... - .... 109 -103 .... N, O. & lUob.-lst ..... 6 103)4-103 103 -102 102 -102 10:.l -102 1100 -102½ 110 -107 104 -104 I.... - .... 1103 -103 103 -103 •··· - ... 103 -lOO E, ~• & Nn.sh.-lst. ··6 ...; - ........ - .... 108 -108 108 -108 lOU½-108 106½-106>(, 106 -100 .... - .... 102 -lOi 102 -102 100 -100 100 -100 Gen I mort . · · · · · · · · · ... . 6 IOv¼-103½ 104}1-102}4 104¾-102\4 106½-104¼ 112 -100½ 109½-108 108 -105J:il06½-~3¾ 109 -103 106½-104½ 106 -104¼'. 102;½-101  :-:~.~~:J ::::  S~d~.~~~~ ..~~~.. = ....... - ....... . - ........ - .... 112.½-l~~: ·oO½= l~~ =1~~ l~:~=1~~~ 1~¾=1:¾ . = 57 Pensacola Div ......... 6 .. . . __ .... 108 -108 - .... 104 -104 104 -104 104 -103 Leb. & Iinox Div .... . o ... .. .. . .. . - .... 101 -101 Nash. & Dec.-lst. .... 7 .... .... 116½-110}.~ .... _ .... .... - .... 118¾-116¼ Lou. N. Alb. & C.-lst.6 .... - ... 103 -lOJ 105 -102½ 111 -105 110½-108½ 108 -106¾ 107½-105 106 -103 106 -102½ 105 -101.½ 105 -103 lUan. B. lm1>. Co.-lst. 7 .... - .. .. 95 - 05 93 - 93 96 - 92 100 -100 100 -100 99½- 98½ .... - ........ - .. .. 91 ¼- Cl¼ N. Y.& illan. B .. ....... 1100 -!OG 110 -1 ..7 - .... nu -105 109 -109 .... - .... 106½-106 •~ .. .. - .... 105 -105 llletropolitan El.-lst .. 6 105 -102¼ 106½-104 106 -104¼ 105½-101 104)4-101½ 104,4-103 101 - 09½ 1100¼- 98 1.00 - 98 103 - 98 105,¼-102 103½-101¼ 2d · · · · · · · · · · .............. .6 91.½- 88½ 98 - \:l4 98 - !JO¼ 07 - &s 91½- 87½ 91 - 8&¼ 90 - 89 90 - 85 88 - 82½ 90 - 87 94 - 90 91½- 00 l'tlempbis & Char.I 1st,consol.,Tenn.lien 7 .. . - .. .. ... . - .... 103¾-103¼ .... lUicb. Cent.-Consol. ... 7 128¾-127 127 -126 .. . . - .... 129 ·126¾ 129 -126¼ 131 -129 130 -127 130 -130 126¼-126 125 -12.1¼ 125 -121½ 125 - l ~ Sinkini;r :fun{: ........... S 115 -115 .... - .... 110 -110 l08 -_108 ll06¼_-106¼ .... - .... 107 -107 105 -105 .... - .... 103 -103 .... - •··· 103 -lOS G1·. Uiv. V.,l.-1909 .. 6 .... - ........ - .... 1G3.½-!03½ .... Coupon, 1931.. ........ 5 .... _ :::: ,: ::: .... .... _ .... 100 -JOO 100 - 96 100 - 95½ 99 - 97 98 - 97 Relo("iste1·ed, 193 I. . 5 .... _ .. ..... - ........ - .... Oi½- 97½ 98¼- 98 Jnc.k Lan. & Sag .... ti ... . ... 110½-110½ 111 -111 108~ -108½ 109 -109 110.½-110.!4 MiJ.ofN.J.-lst .... 4-5-6 ... . .. .. 78 - 78 .... .. .. 87 - 87 99 - 99 - ........ - .... 92.½- 02½ ···· - .... Mil L. Sb. &W.-lst .. 6 .... . ... 109 -108 10S½-107 107 -106 106.½·102 108½-105½ 107 -102½ 103¾-102¼ Income .. . . .. 9 _ 1 75 - 75 70 - 70 8 -½2 88 lU~l.&No.-ls~:::.· .·4~5~6 :.::: .... 102½=100. 102 =10{ =1oi·· ... . - .... .... ::: : -100· .... Mmnen.p.& St.L -lst.1120 -112 .... - .... 118 -115 .... 120 --118½ .... .. .. 117 -117 116 -116 .... - .... 117 -117 118 -ll8 ll!)¾-l15¾ Iowa Extension . ..... 7 lll½-108 111 -110 110 -109 111 -110 1111 -llO½ ... . _ ........ _ ... 111 -110¾ 112 -111 112)4-111¾ as -112½ 109½-109¼ Mo.K:.&T.-Con.,ass'd1113,¼-lll¾ 109¾-103 107½-104 108¾-106¾ 112 -108¾ 111¾-110¾, 111)4-110 111 -104½ 106¾- 105 106¼-103 107½--lO ¼ 107¼-105 68 77 2d. mcome ...... .. . . .... 6 82½- 74.!-.i 85¾- 77.½ 85 - 80.½i 85 - 82¼1 oo - 84¾189 - 85½186½- 81% 83 - 77 84½- 81 82¼- 77¾ 80½- 77 ½ ;enei·al. .... .. · · · · · •.. 6 -... - ........ - ........ - .. .. 98 - 92 1100½- 97¼ 08 - 05,¼ 08¼- 92 92¾- 88 89 - 88 89 - 82 93 - 88 87¼- 80 an.&Cen. Mo.-lst.7 ... - ........ _ ........ _ ....... . _ ........ _ .... 112 -112 .... _ ....... , - .... 112 -112 114 -114 .... - .... un -105   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  I. ... .. ..  00 .  _ ::::  1icii  57  icii  *  RAIL.RO.AD BONDS. 1881-Continoed. JANUARY FEBR'RY.  __________ ,___ - - BONDS.  M.ARC'R.  APRIL.  MAY.  JUNE.  .JULY.  ----  High.Low High.Low High.Low Hlgb.J,ow Hi~h.Low High.Low High.Low High.Low High.Low High.Low High.Low High L  ---- ---- ·---  Mobile & Ohio-New .. 6 110 -106½ !10 -1033,ia tl0½-108¼ 113 -110½ 118 -112½ 116 -116 115 -110 112¾-112 113 -112 114 -112.½ 113½-113 1st, pref., debenture .. 7 897k 84½ 88 - 79 86¼- 82 92½- 86 99 - 93 100 - 95 99½-- 97 101 - 9-!¾ 98 - 96 99 - 95½ 98 - 96 2d, pref., debenture .. 7 56 - 47 53~- 50 55½- 50 64 - 54½ 70 - 62 72½- 64¾ 71 - 67 71½- 63 72 - 65 73 - 71½ 72¾- 72 3d, pref,, debenture .. 7 44 - 40 42 - 89¾ 49 - 43¾ 61 - 50 65 - 57 65½- G5¼ . . . . - . . . . 62 - 60 62 - 62 63 - 62 4th, pref,, debenture. 7 42 - 40 42¼- 40 48 - 48 59 - 49½ 64 - 56 62 - 62 .... - .... .... - . . . . 68¼- 62 Nashv,C.& St,L,-lst. 7 119 -117 118½-116½ 118 -117 120 -118 128 -118¼ 125 -125 ll!J¾-118 118¾-118 118¾-118¾ 118¾-116¾ 117:1(-117 1st, Tenn, & Pac ...... 6 .... - ... . 110 -110 .... Nevada.Central-1st ... 6 101 -101 - ........ - .... 102 -100 100 -100 100 -100 .... - .... 1 00 N, J. So,-Int,, a-uar .... 6 .... - .... 96 - 96 101 - 96 101%-101¾ 106½-101¾ 107½-107 104},(-104¼ 104 -104 .... - .... 102 -101¾ 102 -101 101 N, 0, Pacific-1st ........ 6 .... - ..... ... - . ... 103 -102½ 105 -101¾ 101½-100 100 - 95 95¾- 91 96 - 92 96 - 91% 96 N, Y, Central-1883 .... 6 105 -104½ 105½-105 105½-104½ 107 -105½ 106½-108¾ 106 -104½ 106 -105 105½-105 104½-104½ 105 -105 103}:(-102¾ 103 1887 ............... ...... 6 110½-109 109%-109% .... - .... lll¾-110 118 -113 .... - .... 112¼-112 112~-112½ 112½-lll¾ 110 -110 ... . Real estate .......... . . 6 ... - . . . 102 EJubscription .... .. ... .. 6 .. . . - . .. 105 -105 - .... 102 N,Y, C,& B,-lst,cp .. 7 184 -184 183 -~82½ 182½-182 133 -133 13i¾-133¼ 139½-138 137 -130½ 138 -1313½ 138 -137½ 137½-135¼ 136 -136 138 1st, rea-.... ..... ...... .7 .... - .... 132 -132 132¼-132½ 134 -133 13i½-137½ 139½-139 136½-136½ .... - .... 137 Bud, Riv,-2d, s. fd .. 7 112 -112 - .... 110)4-110 .... - ........ - .... 110 -109 .... - .... 110 -110 111 -111 •. Can, So,-lst, guar . ... ~ 10$¾-102 102 -100 100¾- 90½ 100½-100 105 -100¾ 104¼-103¼ 101¾- 99½ 100¾- 99 100 - 99 99½- 97 69½- 98¾ 99¼- 98 Bal'lcm-lst, coup .... 7 184 -184 .... - .... 133 -132 133 -183 133 -132 135 -135 .... - ........ - .... 185 -135 133 -135¾ 133 -184 1st, reg ............ .... 7 184½-133½ 184 -133½ 132 -132 .... - ........ - ........ - .... 135 -135 185 -135 135 -135 .... - .... 184 -184 N,Y,City & No,-Gen'l.6 .... - . . . . 97¾- 97 95 - 95 98½- 94½ 96 - 95 95¾- 94¾ 94¼- 92¾ 92 - 92 89'¼- 88 86 - 85 86 N, Y, Elevated-lst ..... 7 118 -115 120 -117¾ 120 -118 11$¾-113½ 118 -113% 118½-117 116½-115½ 117 -113½ 116¾-114 118 -114!-t 119 -118 119 N,Y,Pa,&O,-Pr'rlien6 .... 95 - 93 ... . - ........ - . .. - .... 100 -100 1st, income ............. 7 65 - 60 63½- 59 67¾- 63~ 65,½- 65¾ 67¾- 66½ 67 - 62 56½- 54 57 - 57 . . . • - . . . 55½- 551{ 54 - 53 N, Y,&Tex, Land-Scrip 28½- 22½ 30%- 26½ 27½- 26½ 32 - 28 35 - 32 84¾- 32 33 - 32 33)4- 82½ .... - .. . . 82 - 32 No1•f,&West,-Gen,lll.6 .. .. - ........ - ........ - .. .. 108 -108 108 -107 107½-103 107½-107½ 107½-106½ 104 Oir.&L,Champ,-Inc.3-6 .... 64 - 6-1 Ohio Central-1st ....... 6 107 -103¼ 106½-103½ 105 -103.½ 104)4-103 107½-103¾ 107¼-106 105 -100 100%:- 97½ 100½- 99¾ 100¼- 98¾ 101 1st, te1·minal trust . ... 6 103 -100 102¼-102 102 -101 101 -101 104 -100,½ 104½-103% .... - .... 101 -101 .... - .. .. 100 -100 Income ..... ... ...... .. . 7 70 - 59½ 69¾- 61 67 - 59½ 65 - 60 69 - 60 68¼- 68½ 65 - 54 57 - 47 58 - 48 52½- 49¾ 54 O,&Miss.-Consol.s.f.7120½-113 119½-119 120 -118¾ 119%-119¾ 122¼-120 124 -122½ 122½-122 121½-121½ 120½-120½ 119½-118 Consol.. .................. 7 118)4-118¼ 119 -119 119¼-118½ .... - .... 119 -119 122½-122½ 123 -121 122¾-120 120 -120 120 -118 2d ... . . . ...... ....... .. .... 7 128 -122 126¾-124 126½-124 125 -121 126 -124 126 -124¾ 123 -120 123¼-121½ 122½-120½ 124 -124 1st, Sp1·ina-f, Div ...... 7 117½-115 117 -115¾ 116 -115 120 -115 119¾-112}4 122½-119½ 121 -118½ 118 -110 114 -113 121 -113 Ohio Southern-lst .... . 6 .... - .... 102 - 99 09¼- 96¼ 96½- 94 94¼- 90 95 - 90 Income ................... 6 .. . . - . . . . 66 - 59 55 - 49 48 - 43 48 - 40 46 - 40 49½- 43 Or, R'y. & Nav.-lst ... 6 108 -105 107½-106½ 107 -105 108¼-106½ 112 -100 115 -111 74 112½-1077,.i 110½-110 110 -109 110¼-107½ 110 -109 Pacific RailroadsCent, Pac,-Gold .. ... .6 115 -112 114 -113 118¼-112½ 115 -114 118)4-115 120 -117 117 -115½ 116½-114 116 -113½ 116 -114¾ 116 -114½ 116¼-11 Snn Joaquin Br .... 6 109 -108½ 110 -110 ll0½-110½ 107 -106 110 -110 112 -1!1 112½-112 112 -112 - .. .. 107 -107 108:1,!-107½ .... _ .. Cal, & Oregon ... ... .6 104¼-103 105 -104¼ 104½-104½ .. .. - .... 107 -106½ .... - .... 107%-107¾ 107¾-107½ 106¼-106½ .... - .... 103 -103 State o,ids . ..... .... .. . 7 . ... - .... .... - .... 105 -105 - .... 105½-105 Land grants .......... 6 105½-105½ .... - ..... ... - . .. . 103½-103½ 106%-106 - .... lOi¾-106),: 107¾-106 107¾-107¾ 107},,(-105 lOts -105½ 105½-105 Western Pac ......... 6 113 -111 .... - .... 111 -110 111 -109¾ 113¾-112 116 -114 113 -112 113 -113 111 -109¼ 111 -110 112 -111¾ 112 -112 No.Pac,-Bond cert's .6 1027,(-102¼ 103 -102 102½-102 102 -102 104¾-101)4 107 -104¾ . ... - ........ - ........ - .... .... - .. .. .... .. 1st, coup ........... . 6 .... - ........ - ....... . - ... . .... - ........ - .... 108)4-104¾ 105 -108¼ 104¼-102½ 103½-102½ 105 -102¾ 104).s-103 104 -102 So, Pnc., Cal-1st . . ... 6 104 -103 104)4-108}.i 104¾-103¾ 102¼-JOI¾ 106)4-102 107)4-106 1077k107 107¾-105 107 -!06¾ 103)4-102¾ 104½,-103 104 -::> Union Pac,-lst ....... 6 115 -113 115 -113 114 -113 11!3¾-113¾ 119 -116 122 -117½ 119 -117 11811,-117¼ 117½-116 110.½-116 117¼-116½ 117?:(-117 Landgrants .......... 7 115½-114¾ 114¾-114¼ 116 -1.:.4 . 115%-112 118 -115¼ 120 -118¼ 118½-118 119 -117½ 118½-117 113¾-113½ 113¾- 113¼ 113¼-112 Sinking fund ......... 8 123 -122 l'M½-123 120¾-119¾ 121 -120 127 -121 l80½-12i 131 -128 129)4-128)< 124¼-123½ 125 -121 123 -123 123¼-122 Rei;ristered .. . ... .... .8 120½-120½ 124½-123½ 119)4-119¼ .. .. - ........ - .... 180 -127 .... - .... 129 -129 . . .. - ........ - ........ - ........ _ .. . Collateral trust ... . 6 106¾-106¾ ... . - . ....... - .... 108¾-106½ 111½-108¾ 112½-lll¾ 109 -109 112 -108.½ 109½-109½ 108%-108)4 108)4-108¼ . . . . _ .. . K~Pac.-l!!lt,F,&A .. 6 .... - .... 112½-111 - .... 114.½-114½ 119½-119½ 117½-117 - .... . ... - .... 111 -111 111%-111 1st, 1896, J.& D ... 6 110½-110½ lll¼-111 112 -111 114 -114 117 -114 116 -114 115 -115 .... - . .. . .. . - ... . .... - .... 118 -112,½ 110 -109 Dem·. Div,-Ass'd 6 108 -107 109 -107 l03¾-1077,1i 112 -109 114.)4-109¼ 114%-112¾ 114 -113 113½-112 112 -111 113¼-110 110 -109½ 109 -10 Leav. Branch .. ... 7 .... - ........ 150 -150 .... - ... . 140 -140 1st, consol.. .. ..... . 6 105 -103~ 106¾-101% 105¾-103 108½-105~ 109 -105½ 109¾-108 110 -109 109½-107 107%-106¾ 1.08 -106 105½-103¾ 104 Income, No, 11 ... .'1 .... - ........ - ........ - .. ...... - .... 106½-106½ .. .. - ........ Income, No, 16 .... 7 .... - .... 107¼-102½ 105 -105 105 -105 - .... 95 - 95 Pac, of Mo,-lst ....... 6 110½-110 108.)4-107 108 -106½ 108½-107>l, 110 -109 110¼-110 1l3 -113 109¼-108½ 108½-107½ 107½-lOtl½ 108 -107 108 2d ....................... 7 114 -113 3d .... ................... 7 .. . . Bio, Pac,-lst, con ... 6 106 -105¼ St.L,& S,F,-2d "A" .6 103 -103 Class "C" . ..... ... . 3-6 88 - 86½ Class "B" .......... 3-6 89 - 88 Equipment ........... .. 7 103¼-102¾ So,Pac,ofllfo,-lst .. 6 105%-104  116 -115  116 -115½ 117 -115½ .... - ... ..... - .. .. 115½-115½ - ....... . - ........ - .. . 120 -116 120 -120 107 -105¼ 108 -106½ 108¼-107½ 107)4-105¼ 109¾-107 109¾-108¾ 108 -102¾ 102½-102 106 -102½ 105½-105¾ 107 -107 .. .. - .... 86½- 86 86¾- 86 92½- 88¾ 97¼- 93 96½- 96½ . . . . 89 - 87.½ 88 - 84 93* 88¼ 97¼- 93¼ 98 - 96¾ \JS - 96½ 103 -103 101½-101½ . .. - .... 103½-103½ 103 -103 .... - .... 105¾-105)4 105¾-105 100 -104¾ 109¾-106½ 110½-110¼ .... - ... . Texas & Pac,-lst ... 6 . .. - .. . . ... - ........ - ... . .... - .... 110 -110 112 -lllJ,.~ .... Con sols .... .......... .6 102 -102 104 -104 .... - ........ - .. . ..... - . . .. 106 -102 105½-105½ Inc-.& land gr., reg .7 83¼- 74 89¼- 78 86¾- 81¾ 87½- 83 91¼- 86½ 95 - 88½ 88 - 75 1st, Rio Gr, Div .... 6 1G2 - 98 100 - 97 98¼- 1J6¼ 98 - 96½ 103~i;- 97¾ 102i)j;-100¼ 101¾- 98¼ Panama-Sink. f'd.sub. 6 .... - .... 109~-108½ . ... ... . .... - . . . . . . . .  115 -112 112 -1l2 114 -112 - ..... ... - ........ - .... 108 -107½ 1077A-107¾ 107¼-106 109 -109 .... -· ....... - ... - .. . . 94 - 93 92½- 90½ 97 - 93 03½- 93 94¼- 91 104¾-104½ 104½-104 105 -105 108 -107½ .. .. - ... . 106 -103½ - . . . . . . - .... 102 -100 - . . . ... - . ... 82 - 75 79 - 75 75 - 69¾ 96½- 90½ 93 - 90 91¾- 87 - . ... 107 -107  114 -114 113 -110½ 104 -102¾ 102 -102 90 - 83½ 91¾- 90 103 -103 104%-103 107H-10i½ 102}{-102½ 79'¼- 73¼ 92'¼- 88½  118 111 104  106½-1 107%-106 102 -102 76¼- 70 91~r 87  Pennsylvania RR.Pitts.Ft. W,&C,-lst. 7 137 -137 137 -137 137 -137 135 -135 138 -137 139¼-139 138 -188 - .. .. 138 -138 138 -138 140 -138 140 -138 2d ... .................... ? 131 -128 132 -130 130 -130 121:l½-129½ 129 -129 133 -132 .... 130¼-130¼ .... - .... 133½-131½ 184¼-184 3d .. ........ ....... . ... . .7 .. .. 113 -113 120 -120 125 -125 .... - .. .. 126¼-1•'6¼ 129 -129 .... - .... 130 -130 128 -128 ... . Clev,& P,-Cons,s.:fd.7 123 -123 125 -122}.\ .... - .... 128 -128¾ .... - .... 128¾-128¾ 129 -127¾ .... - .... 130 -129 127 -127 130 4th ...................... 6 lll¾-110 114 -113 112 -111 - .... 113½-113 - ... . 1l8 -112 .... - .... 113 C,C,& I.C,-lst, cons,7 111½-108½ 111 -110½ 112 -110½ 140 -lJO½ 135 - 135 .... 132 -130 - .... 125 -120 125 1st, u·ust cei·t's, ass',1 108½-106½ 106½-106½ 107¾-10-!½ 116 •110 . .. . ~ ... . 121 -121 123 -123 123 -123 - .... 118 -118 .... 1st, do suppl'ry 109 -105 107 -104½ 110 -105 122 -1C8½ 126 -121 125 -122 124¾-122 126½-l'?O 125 -122 123 -115 120 -108 120 -118 Income ................. 7 75¼- 58 74½- 61 72¾- 67½ 75¾- 69 80,4- 71¾ 78 - 73¾ 82½- 74 80¼- 75 77¼- 7-! 76 - 72 1 74 - 70½ 77½- 72 Pa. Co,-Guar,, cp .. 4½ .... - ........ - . . .. .... - .... 105 -105 .... - . ... 102 -102 ... . - .... 100¼-LOO 104)4-104¼ 100}4- 99½ 98¼- OS½ St.L.V.&T.H,-lst,gd? 120,f-119¼ . ... - .... •··· - •· · · .... · · · ·· ·· - ·· · · ···· - · ·· .... - ··· ···· PeoriaDec.&Ev,-lst.6111 -109½ 108 -106¼ 107 -106 108 -106½ 109 -108. iii½-109. 100½-109 109 -100 108½-107¼ 108½-107½ ioS½-107 .. ios -106 .. Income ................. . 6 84 - n 84½- 79¾ 80 - 75 80 - 79 90½- 80 ll4¾- 88½ 88 - 78 81 - 78 85 - 78 1 SL - 80 1 81 - 81 80 - 75 Evansv, Div ...... . .. . . 6 lll¼-111 - .. . . 106 -105 108¼-108¾ 108 -108 ... - ........ - ........ - .... 103 -103 .... - ........ _ ... . Do income .... .. 6 80 - 68 81 - 78 78½- 78 89½- 78½ 93 - 89 - . . . . 80 - 80 80 - 80 79 - 79 80 - 75 ... - ..•. Pitts, B, & Bulf.-lst. 6 .... - .. ..... . - ... 92½- 92½ . . .. - .... .... - ... . Richmond & All,-bt. 7 . . .. - ........ - .. .. 113½-113½ 109 -107 108 -105 108 -105 107 -103 106 -105 105¼-104 Rich, & Danv,- t·ons . . 6 .... 101 -100 103¼-100¾ 105 - 102:1( Roch, & Pittsb.-lst ... 6 ... - .... 103 -101½ 108½-102½ lOS¼-108 106 -106 102½-102 102¾-102½ 102½-101 102¼-102 100 - 99½ Income . . . . .. . . . . .. . . . . . . . . . . . . - .. .. 53)4- 51 50¼- 51 61 - 56 57½- 44 53 - 40 45 - 40 40½- 40 42 - 38 44 - 39¼ RomeW.&O.-Consol,7 95½- 80 92 - 87 90 - 86 89 - 66 95¼- t5 107¾- 93 104¾- 93½ 100 - 91 98 - 92½ 95 - 89 98¾- 04½ 94¼- 90 St,L,Alt,& T,B,-lst .. 7 .... - .... 115 -111 120 -120 - .... 116¼-116¼ .... - ... ..... - ........ =109·;;t111130·¾=110129 110 -109 2d, pi•ef... ........... ... .7 112½-110 109 -107¼ 109 -109 110 -110 116 -116 117½-116 115¼-115 113½-113.½ ... . - .... 110 .,.., 1 2d, income .. . ... . . . .. . . .1104 -101 104 -104 105 -104¾ 105 -105 107 -107 .... - .... 108 -107 .... - .... 103¼-103¾ 102½-100 Dividend . ...... . . ...... .6 . . . . 87 - 87 80 - 77¾ . . . . - . . . . . . . . - . . . . 62½- 62½ 67 - 60 I 66 - ?O 58 - 50 Bell.&So. Ill,-lst ... 8 .... - .. .. 1118 -1,8 .... - . .. St, J,.& Iron lllt.-lst .. 7 120 -118 115 -114¼ 117¾-115 118 ·118 122 -117½ 123½-120 .... - .... 119½-118 lW -115 117 -115¼ 117 -115).:f 117¼-116½ 2d ......................... 7113 - 109¼ 112¾-lll½ 112½-111 115 -112½ 114¾-Jll 115 -113¾ 114 -112 113¾-110½ lll¾-110 113 -1103.g'uo -107 109%-1 08 , Ark. Bi•anch . .. .... . . . 7 113 -109 113 -1101-t 112 -109½ 115 -113 118 ··118 115 -113½ 114¼-112 113 -~13 112 -112 112 -110½ 110 -110 109½-108½ Cairo & Fult'n,-lst, 7 112 - 110¼ 111 -109¼ 110½-109¼ 112 -110 117 -112 119 -117 113.½-112¼ 114½-110¼ 111 -110 llt -110 -1 11,t ::.15 -110½   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  ···I -  1  1112  -  RAILROAD BONDS.  50  ISSI-Concluded. JANUARY FEBR'RY.  MARCH.  APRIL.  MAY.  JUNE.  JULY.  AUGUST. SEPT'BER. OCTOBER. Nov'BER.  DEC'BER  - - - - - - - - - - - - - - - - - - - - - - - - - ----1-----1-- - - -1•- ---1---High.Low High.Low High.Low High.Low High.Low High.Low High.Low High.Low High.Low High.Low High.T,ow High.tow - - - - - - - - - - 1 - - - - - - - - - - - - - - ·- - - - - - - - ---- BONDS.  . Louis & hou IUt.airo Ark. & Texas. 7 109¼-107¾ 110 -108¼ 110 -110 112 -110 115_¾;-114 118 -118 112½-112 112 -110 112 -110 111 -110 112 -111¼ 108¼-107 encral mort ....... . . . 5 . .. . - ........ - ...... _. - ........ - . . . . 94)4- 93 05 - 03½ 05¼- 01 98¼- 86 91¼- 87½ Bil½- 86 87¼- 86½ 87 - 85¾ st, pref. iucome .. . . .. 7 98 - 91¼ 96 - 90 94¾- 01 06~- 94¼ 100 - 95:¼ 100½- 99¾ 101¼- 09 99 - 98 99¼- 98½ 08 - 95 99¼- 97 99¼- 96 d, p1•cf. income ...... 6 88 - 76 87½- 84.}4 87 - 83½ 80¼- 87½ 98½- 88½ 95 - 94 94 - 93 92 - 89 90 - 90 .... - . . .. 89¼- 87 .P. l\Iinn.& M.-lst .. 7 109½-108¼ 111 -109 11.l -110 111 -110½ 118 -110½ 115 -113)4 112½-111¼ 112 -112 112 -111 112 -111 lll¼-110 112.l,s-111 d ... .. ........ ........... .6 104 -102½ 106 -105¼ .... - .... 102¼-102½ 105¼-lOtl,( 108 -108 110 -109 .... - . .. . 109 -109 .... - .... 106 -106 106 -105½ akota Extension .... 6 .... - .... 107 -107 106 -106 107¾--107¾ 107 -106 108 -107 .... - .... 107 -107 - .... 106 -106 ioto Valley-1stcons.7 . . . . - .... 107 -107 107}4-105 .... - .... 105 -105 108 -105 103 - ~ uth Carolina-1st ... 6 . . . - . . . 101 -101 uth Si<le-lst . .... ..... 7 105 -108½ 106 -106 .... - .... 104¼-104¼ .... er ling I. & RR.Co.lain income ........... 6 .... - . . . . 88¾- 87¾ 38¼- 88½ . . . xas Central-1st s. f. 7 . . . . - .... 110¾-110¼ !07¼-106 106¼-106 92)4- 92i( 90 - 90 94 - 92 89¼- 89½ 90 - 89½ ..... - •..• - .... 95½- 93 xas&St.L.-lst .... 6 ... - .... 69 - 61} •••• and !P'ant, income .. 6 .... I. Delphos & Bur.st, maiu line .......... 6 .... 98 - 96 04-94 91 - 88 08 - 98 100 - 97¼ 100 -100 95-95 96 - 95 92-90 97¼- 06 1,t,..;nin line,income 6 . . . . 60¼- 53 57 - 57 51¼- 40)4 50 - 47¾ 63¼- 48¼ 64¼- 59 51¼- 48½ 43½- S9}4 89¼- 84 85¼- 803' ayton Div ............. 6 . . . . 09,½- 99 . . - . . . . 99 - 98 ayton Div,, incomc.6 ... . - .... 40-40 5G - 40 60½ -45 59 - 59 36¼- 86½ ..• erminal trust ........ 6 .... tab So.-Gen'l mort .. 7 110 -109 no -1011 109 -109 109;1.!-109¼ 110 -110 - .... 118 -112½ 111 -1097,1i 10911(-107 109 -109 110 -109½, 10 -118 ab. St. Louis & Pac.ene1•al mort .......... 6 101¼- ~ 100¼· 9v 100 - 9R 101 - or, 105¼-lOO 102¼-101 102¼-100½ 102 -100 100¾-100 100 - 97§9 99 - 96% 08¼- 87¼ hie. Div ................ ~ j}7½- 97.½ .... - .... 93½- 98 95 - 05 100 - 05 1n1 - 98½ 99¼- 1:J;J:kj 94 - 90¾ 95 - 93 94 - 91 92½- 91¾ 91¼- 86¼ n.vn.na Div ........ .. .. 6 99¼- 99 103 -103 101 -101 101½-100 105½-103 103¼-103¼ 103 -103 104 -108 .... - ........ - ... . ol. P. & W.-lst .... .7 .... - .... 119 -117½ 118 -117>( 116¼-116 118 -116 120 -119 118¼-118)4118¾-117 118 -117½ 117½-117½ 116 -115 116 -114¾ 1st, pf., inc. for 2d 4 95 - 95 .... abash R'y-lllort .. 7 110 -107¼ 110 -109½ 110 -109 108 -106½ 112),4-109¼ 111 -110¾ 118¼-lll . ... - .... 112 -108 110 -108 108 -108 107¾-107¾ ol.& w.-lst, ext'd.'i 114 -114 lll¾--111¾ 111)4-110 112 -111 113 -111½ 115 -118½ 115 -115 109½-108 109 -108 111 -109 lll½-111¼ 112 -112 1st, St. Louis Div ..... 7 118¼-109¼ 110 -109 109 -109 109)4-108 111 -109¼ 111¼-lll½ 112 -112 114 -112 109%-106 108½-107¼ 107½-106¼ 108 -107 d, extended ........... 7 112 -109)4 lll½-109¾ 110¼-109½ 112 -110¼ 111 -107½ 112 -112 118¼-112 111%-110 111 -110½ 112 =11·0½· .. 109 __.¼=109 .... 110 =108 ¼ Iowa Div:sion . . ..... 6 .... - ........ 90 90 Equipment ............. 7 50 - 86 57 - 49 53½- 5c, 5b - 5t, 59 - 55 .... - • . . . 50 - 50 60 - 53 65 - 65 1 62 62 ...• Consol., conv ... . ....... 7 lll¼-110½ .. . . ll~½-110 - .... 115 -114 - .. ... ... - .... 113 -110 110 -108¼ 109 -109 108 -106 108 -1061/4 Gt, Western-1st ...... 7 113 -112 110 -110 110 -110 111 -110½ 111¾-111¾ 112 -112 llS -118 109 -109 108 -107¼ 108 -108 109 -109 109 -109 2d ....................... 7 ll()¾-109 112 -lll 110¼-110 111 -110½ 111 -109 112 -110 112½-111 112¼-111¾ 111 -110,¼ 112!}.!-111 108¼-108½ 108 -100¼ Quincy & Tol.-lst.7 .... - .... 110 -110 .... - .... 110 -110 112 -112 .... - .... 108 -104.1105 -105 Ill. · ~o. Ia.-lst ..... 7 .... - .... 100 -100 ... - ...• St. L. Kan. C. & No .. Ren.I estate ......... .. , 114 -112½ 114 -114 112 -100¼ 112 -112 118¼-112 .... - .... 118 -118 110 -115 112¼-112½ 112 -111 112 -111 110~-110 Omaha Div .. .. .. .... , 119 -118~ 118¼-118 119¼-118-}§ 116),4-116)4 119¼-116 120¼-119}.f 118 -117½ 118¾-116½ 118¼-117 114 -118½ 114¼--114 114¼-112 Clarinda Branch .. .6 105 -103 105 -100 .... - . . . . 99 - 96 100 -100 105 -105 .... St. Chas. Brid::e. 7-8 105 -103 104 -102½ 104½-103¾ 101¼-100 103½-100½ 107 -103¼ 100%--100¾ . ... - . . . . ... North. Mo.-lst ...... 7 122 -121 123¼-122¼ 123½-123 .... - ... . 125 -125 126½-12G½ 123 -123 ~..-122½ . ... - .... 128 -121¾ 123 -122 124¼-128 Wab:i.sh-Fund'd int.Dec.&; E. St. Lonis.6 103 -103 100 - 98 .... - ... . 102 -102 105 -l05 108 -106 .... - .... 100 -100 Quincy & Toledo .... 6 95 - 95 07 - 97 .... -. . . . 105 -105 106 -106 .... L,E, Wab.&St.L .. 7 .... - .... 107 -107 . . . . - .... 108 -108 .... Toi, & Wab.-2cl.. . .6 .... - . ... 100 -100 .... 105 -105 Wah. & Wcst.-2d. 6 .... - .... 102 -102 105 -105 Gt, "\Vestern-lst ... . 6 .. . . - .... 102 -102 .... 2d ....... . .... ........ 6 .... - . ... 100 -100 . ... - .... 105 -105 105 -105 - .... 100 -100 . . . . Ill. & So, Ia.- lst .. 7 . . . . - ... 110 -110 Consol,, convert ..... 6 100½-lCiO½ 100 -100 100 -100 102 arren RR.-2d ....... 1 . . . . - ... -1124 -1241.... est. Unlon-Coup ..... 7 120 -117 .... = .·· .· ·. 1.2..2. -122 122 = Rear .............. _. ....... 7 121 -117 ... . - . ... lLQ½-119 120 -120 121½-121 .... - .... 120 -120 119½- 119½ .... - ... . 117¼-117¼   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  =:::•-J~;·¾=i~;~Jtib=t~J4li~~ =1~i~\:::½=:::½l:::¼=~::~~j:::: ::::J:::: =::::  ::~::¼  60  RAILROAD AND MISCELLANEOUS STOCKS.  1871-The stock of the Erie Railway was heavily increased· NEW YORK STOCK MARKET, 1860-1882. the four years ending Septemb~r 30, 1871, by the Fisk & Goul.. The following brief remarks-which should be read in management, so that it sbod at $81),536,910, against 2fU 11,210 ·I connection with the range of prices on subsequent pages- 1867. The price fell in March to 181/s, the lowest point touche 'i since 1861. The Chicago fire (Oct. 9) caused. a panic in tock furnish a summary of the gener.i.l course of the New York and general business. The Cleveland & Pittsburg Railroa I Stock Market in the twenty-two years from 1860 to 1882 : was leased to Pennsylvania Railroad Company at 10 per cent oI capital, afterwards converted by increase into a 7 per cent gua 1860.-In 1860 several of the leading stocks were selling at very anteed stock. Express stocks rose largely in ma1·ket 'Valu ~ low figures. N. Y. & Harlem in March sold as low as 8 ; Michigan 'l'he ''Woodward corner" in Chicago & Rock Island, whic Southern at 5 and New York & Erie at 8. Delaware Lackawanna forced the price up to 130½ in June, was a failure. and resulte & Western in January sold at 54. Canton in December got disastrously to those engaged in the manreuvr'3. Lake Shore down to 14. Cleveland & Pittsburg in Mar~h down to 5. Michigan Southern Company (July 27) authorized a new issu 1861-62.-In 1861 the market was generally better, but in equal to 40 per cent of its stock then outstanding, and allotte 1862 the improvement was more marked. Pennsylvania Coal the same t.o shareholders on the payment of one-third of th and Delaware & Hudson Canal reached 119 in December; Erie, par value of the .new stock in cash. 77¼ ; Harlem, 23.½ ; Delaware Lackawanna & Western, 130. 1872-The money market worked very closely during moqt o 18133.-This year the Harlem Company was authorized to lay the year, except from May to September, a.nd at times re~che tracks on Broadway for horse cars, and the stock reached 179 very high figures, interfering seriously with stock operation in August. An injunction prevented the operation. Erie paid James Fisk, Jr., was shot in "January. The month of Marc its first dividend of 3.½ per cent. witnessed the Erie "revolution," with the overthrow of the ol 1864.-'l'he Harlem ''corner" culminated in July at 285; that board of directors and the resignation of Jay Gould as Preside figure, in the same month, being the culminating price of gold. of the company. Philadelphia & Reading stock was struc The Harlem corner was the result of large short sales, while from the Stock Exchange list in March, the company refusin nearly the whole of the actual stock had been previously pur- compliance with the requirement of registry in New York Cit chased by Commodore Vanderbilt.. Pittsburg _Fort Wayne & Pacific Mail stock was very active on the increase by Congres Chicago was in April run up to 152¾. Erie paid two dividends of the company's subsidy to $1,000,000 per year. In Septembe of 4 per cent each, and Delaware Lackawanna & Western 10 a sharp contest took place between hostile parties in specula per cent in stock and 15 in cash. tion arid the 17th of that month, when money commanded 5 1865.-Lee's surrender took place April 9. Erifl, in March, percent a day, gold% per cent a day, and Erie stock as high a 44¾@73%, and in December ~1%@97. Erie dividends, two of 2¾ per cent, was remembered as the day of the "three corners. 3.½ per cent. Harlem almost entirely neglected. Delaware Lack- The Boston fire (Nov 11) caused considerable excitement an awanna & Western, in January, 222@225; in DecPmber, 175. depression in Rtocks. The corner in Chicago & North western i Ohio & Mississippi sold low. Illinois Central paid 10 per cent, November carried the stock from 77¾ to 230. and va1ied during the year from 90@138¾. 1873-The money market continued very stringent durin 1866.-There was a buoyancy in stocks during this year, as it the early part of the year, and about the lHt of April almost was the first year after the war, when the effects of inflation panic ensued in conse~uence, as rates for carrying stocks wer were apparent ; and the movement then commenced in railroad then quoted as high as ¼ to 1 per cent per diem. The summe stocks which culminated a few years lat er in the distribution of was n0ted for a decline in prices and the faiiure of a nul'.Ilber o the enormous stock dividends which became so notorious. The houses in Wall Street. On the 18th of September Jay CookI Milwa.ukee & St. Paul Railroad wa,s this year formed by bond- & Co. sus-pended, and on th 13 20th the Stock Exchange wa holders of La Crosse & Milwaukee and Milwaukee & Prairie du closed by order of the Executive Committee, in the height o Chien. Commodore Vanderbilt became a prominent stockholder the panic, and was not opened again til the 30th of tha in New York Central Company. Great dGcline (December) in month. The extreme lowest prices in stocks, however, wer Pacific Mail Steamship stock; having i-isen in November to 246, generally reached early in November, and from that time t1erI it fell in that month to 170, when sold ex-dividend of 5 per Cfnt was a gradual recovery u£ to the close of the year. The EriI cash and 33¼ per cent stock, and in December declined to 160. Railway (February) paid 1¼ and (August) 1 per cent; but th 1867.-New York Central stock rises from 86% in February to stock was not benefitted thereby, and continued to decline t 123.½ in November-a fact accounted for by continued purchases the end of the year. In March, Harlem was leased to the Ne I by the Vandel'bilt party. Speculation generally quiE•t.. Express York Central & Hudson River Company at 8 per cent on stock shares admitted on Exchange list in October, but by close of 'rhe Union Pacific was under a cloud, in con::iequence of th year became depressed. Chicago & Alton, on prospects of extra Credit Mobilier investigation by Congress. dividends, advanced (December) to 130½. Pacific Mail fell cff 1874-Stocks were less excited and fluctuated less than fo from 173 in January to 108¾ in December-a decline-predicated many years previously. The financial cri is of 1873 had broke on the advanced condition of its rival, the Union Pacific RR. up to a considerable extent the strong speculative cliques or com Ohio & Mis::iissippi certificates converted (December) into stock. bi nations which bad formerly controlled the market, and had alsI. 1868.-This year \vas marked by the contest between the given the outside public a strong distaste for further ventures i iii Erie and New York Central companies. Depression in coal stock speculation. The so-callea "granger" laws of Wisconsi I shares. Chicago & Alton (September) 158½, and continued and other Western States, regulating and reducing the rate high on the prospe~t of an extra stock dividend. "Henry Keep for passengers and freights on the railroads within the' 1111' corner'' in Chicago & Northwestern stock, which rose in October respective borders, caused much exciteme.n t among capi :•~11••· to 97¾. "Vand~rbilt corner" in Erie, as against Drew and and holders of railway securities. The suits brough Fisk, the latter getting the best of it by an issue of convertible the laws were dedided against the railroads in the Stat( bonds, which were immediately exchanged into stock. In but were appealed to the U. S. Supreme Court. Ch November, Fisk cornered Drew in his Erie contract!,. The Northwestern and Chicago Milwaukee & St. Paul we Milwaukee & St. Paul, or "Garner corner," in October, carried stocks chiefly affected by this question. Lake Shore & M. the price to 111, but proved a failure for the clique. Delaware gan Southern was heavily encumbered with floating debt at Lackawanna & Western Company leased the Morris & Essex beginning, but was able to negotiate bonds to pay it off ; a.1.c Railroad. New York Central 80 pn cent dividend declared in after passing the August dividend, declared 3;4 per cent t.. December. Panama paid an extra dividend of 20 per cent stock December, payable February 1, 1875. Western Union Tele graph began to pay 2 per cent quarterly in July. Erie Rail (September). 1869.-Stocks generally reached high prices during the first way affairs were much involved Mr. Watson resjgned th !. half of the yt>ar, the prospect of stock dividends influencing presidency and Mr. Hugh J. Jewett was elected to the office several of the most prominent. Chicago Rock Island & Pacific Pacific l\lail was depressed by disasters and dissension amon stock advanced (April) to 139, on rumor of extra dividend to the directors, and by the development that $750,000 had bee represent Government land grant. In May the Pacific railroads spent for passing through Congress in 1872 the bill for th were opened for business. Erie was struck off the regular $500,000 additional subsidy . 1875-The course of prices in 1875 was marked by extrem stock list for not registering, and not quoted from March to August. Pittsburg Fort Wayne & Chicago Railroad was leased depression in consequence of the decline in earnings during th to Pennsylvania Railroad Company, at 12 per cent on stock, and first nine months of the yea~, arising from the depression · the stock afterwards increased, and converted thus into a 7 per commercial affairs and from the low rates caused by sha cent stock. In October the consolidation of the New York competition. Two prominent roads forming parts of W este Central and the Hudson River railroads was made, and a new trunk lines defaulted on their interest and went into the han distribution of stock certificates issued-27 per cent on New of Receivers-Erie on the 26th of May and Toledo Wabash York Central and 85 per cent on Hudson River. Western February 22-and on several other roads belonging t The most important event of the year was the panic of "Black the same general group the net earnings were only sufficient t Friday," on the 24th of September. This was caused by a great pay bonded interest. Central Pacific and Union Pacific showe corner in gold, engineered chiefly by Fisk and Gould, and which a highly prosperous business and declared the policy of payin culminated on Black Friday in a 1·ise of gold to 162½, and an eight per cent per annum on their stocks. 'fhese companie immediate fall to 133, on an announcement that the Government were also greatly strengthened by the U. S. Supreme Cou ~ would sell $4,000,000. The clearings of the Gold Exchange decision, given November 29, declaring that they are not boun Bank became hopelessly involved, the bank suspended, and to pay interest on the bonds issued to them by the Unite there was a dead-lock for several days. Stocks fell off States Government until the maturity of such bonds. A ne immensely, and a number of firms s•1spended. line of steamships between China and Japan, thld "Occident 1870.-Stocks were generally more quiet in the early months . and Oriental," was established under the auspices of partie of thi~ year, outsiders hr..ving been frightened away by the Sep- interested in the Central Pacific Railroad. The g-rand speculative move of the year was the advance i tember (1869) pa.nic. Chicago & Alton stock quoted ex-dividend February 10, the capital stock being increased one-third, on terms Union Pacific stock from 36 in Janu;:try to 79.½ in July-, and 821 which made it equivalent to about 33¼ cash to stockholders. in November, under the management of Mr. Jay Gould ani Panama dividends reduced from 6 p~r cent quarterly to 6 per other parties, mostly in Boston. Second to the advance i extraordinary mary fluctuation uctuat1on in m any soc cent per annum. owing to competition of Pacific railroads and Union Pacific the most, extraor stoc was that in Pacific of Missouri, which sold a.t 65 in April an the Gaking off steamships on the Pacific Ocean lines.  https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  I  ! I  'I i  I  I  I I i  ' I  !  I  I  J  I  II I i  II 'I  RAILROAD AND MISCELLAJVEOUS STOCKS.  61  47% in September, &nd went. to 7.½ in October. This extraord- and 1878 the railroadc; were greatly ac,sisted by the heavy toninary break in the stock of a. road leased at fixed annual <livi- nage arisino- from the large crops, until a t length ; in 1879, thl3 dends 1to the Atlantic & Pacific) was demoralizing in its effects idea dawne~ upon inve~tors, speculators -and capitalists, that the and tended to increac:;e the lack of confidence in values. railroads were not really the worthles-1 properties that they 1876.-The year 1871 was one of great depres;,ion in values. had seemed to be. Then th -:! re was a ru-,h to purchase lowThe fir:-tt seriou'l check came in the shape of the railroad freight priced stocks and bond-1, such dS had never been seen before, war, which commenced in the latter part of April, a move on and the advance in prices was marvelous. the part of Commodore Vanderbilt, as President of the New One of the leading events of the year wa,;; the Gould and York Central an'l Lakl:' Shore companies, to se:::ure one uniform Field combir:;ation announced in Aoril, by which the St. Louis rate for through freights from competitive points at the West Kansas City & North~rn and the Wabash railways were to be over any of the four leading trunk lines to the At.Ian tic seabcard. consolidated a'! one line, and, building an extension to Omaha, Freights were reduced to 20 cents per 100 pounds from Chicago formed one line from Kansas City and Omaha in the West to to New York, and the war was nvt settled till Dt-ieember 16, 'roledo at, the East. Mr. Gould already had the control of when an agreement was made that produce ehipped by rail to Union Pacific and Kansas Pacific, and purchased afterward a the seaboard, intended for export, should be charged at one control in the Missouri Pacific and D,mver & Rio Grande, rate to any of the three cities, New York, Philadelphia or together with a number of minor road,,. In the first half of Baltimore, while that shipped for home consumption should the year the greatest activity at the St,ock Exchange was in have the benefit of a lower rate to the two cities last named. January, April and May, but after the middle of July, with the Second to the depressing influence arising from the railroad prospect of very heavy crops, there was anotht>r b und in war, the break-up in the anthracite coal combination, and the prices,whir.h wenton-wit.hfewinterruptions-until theculminacc,mseq uent decline in the stocks of the coal-carrying roads, was tion in Nov., and the Rl1arp break in price~ which reached the the chief event of importance. As usual under such cireum- extreme point on the 21st of that month. In October and early stances, the bears in stocks made the most of these discouraging in November the excitement was intense, and the tran actions features to hammer the market to their utmost, and thus added at the Stock Rx.change were so large that it was quite impossito the gloomy feeling prevalent. Ohio & Mississippi went into ble to report all the sales. After the heavy decline just referred the hands of Messrs. 'forrance and King, as Receivers, on Novem- to, in which many small speculatord were crippled, the marher 17. Illinois Central stock declined heavily from decreased ket showed no great animation during the balance of the year. earnings on the road, and the company declared only 2 per cent Mr. William H. Vanderbilt sold, in November, 250,000 shares of dividend, payable Februa.ry 1, 1877. Lake Shore, through an New York Central & Hudson stock at 120 to a syndicate comenormous economy of expenditures, declared 2 per cent in July posed of Messrs. J. S. Morgan & Co., ot' London, and others. 'l.nd 1¾ for the last six months of the year. Pacific of Missouri The Western Union Telegraph declared a scrip dividend of 17 was foreclosed under the third mortgage. Railroad earnings in .per cent in June. The new American Union 'l'elegraph, under the first half of the year made a remarkably good exhibit. In the control of Mr. Jay Gould, made much progress in estabthe latter half of the year gross earnings fell off matP.rially, in I lishing it.s lines. The Chicago & Alton built a new line to consequence of the small crops, and with the low ratN1 for freight Kansas City. The St. Paul ·m d Northwest companies added established by the railroad war, the net profits from operations largely to their mileage by the purchase and construction of were reduced proportionately more than the gross receipts. new lioes. 'l'he reor~anized Erie stocks under the nam of the 1877.-The first half of the year 1877 was a period of extreme New York Lake Erie & Western first appeared August 22. depression in the New York stock market. There was no panic The St. Louis & San Francisco Railroad negotiated with the and no violent or extraordinary events to suddenly break down Atchison Topeka & Santa Fe for a through line to the Pacific. the mai-ket, but values shrunk away steadily under the unfavor- A contract was made in December for extending the Texas & able circumstances affecting stocks, assisted by the most per- Pacific to El Paso. sistent and vigorous hammering by a strong combination of 1880.-The Stock Exchanges were centres of interest in the bear operators. Commodore Vanderbilt died early in January, year 1880 to a degree never before witnessed. The price of and in Marl!h the trunk-line agreement of December 16, 1876- seats 1n the New Yorii Stock Exchange r ,)se to about $25,000 in '' one rate to the s~aboard"-for which he had contended so December. The total reported sales of shares at the Board vigorously, was aband:med. Only second to the trunk-line diffi- amounted in round figures to 97,000,000, af!ainst 74,000,_000 in culty, and still more remediless, was the trouble among the coal- 1879. and the i::ales of railroad bonds to $570,000,000, against carryinO' and mining companies, arising from the low price of $412,000.000 in 1879. In May and June came a depression of coal. The Central Railroad <·f New Jersey went into the hands extraordinary severity, and although there was a partial recovof a Receiver in February. 'l'he Philadelphia & Reading Com- ery of tone and prices in June and fo])owing months, the pauy was obliged to obtain concessions from its creditors. general market did not again show a decided activity a.nd buoyIn June thu trunk-line companies made a new agreement for ancy until after che elections on the 12th of October. From that freight rates, ba'led on mileage; the two leading coal-carrying time until the end of the year everything was on the upward companies had negotiated loans which placed them beyond the move, and even the tight money of early December was insufdangt"r of present embal'l'assment; the reports of a Vt"ry abun- cient to produce any considerable brt>ak in prices. In January dant harvest began to come in after the middle of July; the the consolidation of the Union Pacific, the Kansas Paeific and telegraph consolidation wa~ under negotiation, and finally thP- Denver South Park & Pacific railroad companies was made; completed in August; and there was now formed (in July) a the Missouri Kansas & Texas Railroad was obtained by Mr. Jay very strong speculative combination to put up stocks. 'l'he Gould. The suspension of the Philadelphia & Rt>a,ding Railroad upward movement was delayed temporarily by the serious and its coal company occurred in May, and the appointment of riots at Pittsburg and throughout the country, caused by the receivers was made on May 24. In June the Rock IslaLd Railrailroad strikes; but as soon as these ended-in the early part of road Company fcrmed a consoiidation, and made a 100 per cent August-the advance began in earnest, and stocks were carried dividend to stockholders. 'lhe Louisville & Nashville Railroad up largely. Railro':l.d earnings began to increase irr August, declared its 100 per cent stock dividend payable December 1. and during the autumn months the principal grain-carrying Mr. Jay Gould acquired large interests in the Missouri Pacific, road:; showed a large improvement over their earnings for the St. Louis & Iron Mountain, International & Great No_rthern, same time in 1876. and othn roads, preparatory to forming his "Southwest sys1878.-In the early m,1 nths of 1878 there was much dulness tern." The Western Union 'l'eleg-raph stock was under manipuin stock$, and priees were c mparatively low. During the lation by l\lr. Gould, and fell off heavily in December. Other second quarter there was much more animation, and prices etocks were buoyant, and in some cases the highest prices of the made a considerable advance up to and including the month of whole year were made on December 31. July, when high figures were reached. Both the prominent 1881.-The stock exchan!,eS in New York and other citi.es railr,>ad comp110ies of the Northwest-the Chieago & North- absorbE:-d more than the usual attention, as centres of a conwes tern and the Chicago Milwaukee & St. Paul-paid dividends stantly growing financfal business in which the whole commuon their preferred stock, and the first-named on it.s common nit.y was more or less interested. At the New York Board the st0ck, and all the principal grain-carrying roads showed earn- price of seats advanced in the first half of the year to over ings far in exc·ess of the first six months of 1877. In July and $30,000, but fell off again in the latter part of the year when August it became apparent that there had been some damage commission business was bss profitable. It. was notable that to the wheat crop in the Northwestern Sta.tes,and the stocks of the first six month:1 of the year had much the larger business, the companies just named fell off very sharply to the lowest and for the whole vear there was an increase in stocks but a prices of the year. Mr. William H. Vanderbilt was elected decrease in railroad bonds. The total sales of all stocks were Presideut of the l\fo:higan Cent,ral Railroad, which placed in round figures 113,000,000 shares, against 97,000,000 in 1880 under his management every line from Chicago eastward, in the and 74,000,000 in 1879. 'l'he sales of railroad bonds amounted States north of the Pennsylvania. Railroad's lines, and left the to ~387,000,000, against $570,000,000 in 1880 and $412,000,000 in Canada roads without western connections. 1879. Although the year 1881 witnessed the mLst wonderful The combination among- the anthracite coal mining and car- corn~olidations, stock-wateiings and othn enormous issues of rying corporatiuns was maintained through the year, and stocks and bonds, it may fairly be said that the year passed served to keep up the prices of their stocks; bat coal business without a single collap61:' of importance in the ruarket, and was unsatisfactory, and the combinat.ion was not renewed for- without any depression which amounted to a stock panic. 1879, uwing to the objections of the Lehigh Valley operators, The winter opened with g-reat severity, and in the ~ orthwest Md prices of stocks fell off sharply in December. '£he Cen- the obstruction to railroad traffic had hardly ceased by the tral Railroad of New Jersey reorganization scheme was carried 1 first of 1\-fay. After the hard w~nter came the partial failure of out by the readju'3tment of its securities. 'fhe Erie Railway crops and the great drought throughout the West, which was sold under foreclosure of the second consolidated mortgage, inflicted a further loss of business in th~ later months of the April 24, and bought in by tru':ltees representing the English year. On the other hand, the movements of passengers and reorganization committee. The Canada Southern bonds were general merchandise, including the transportati0n of material g1:1arante~d as to interest by the New York Central & Hudson for about 9,000 miles of new railroad, were so large, that the River Railroad Company, and the stock, which had been practi- Western railroads kept up their grosE earnings quite remarkacally valueless, sold in Decem~er at 45,½. ..., bly, and in muy cases showed a consideri:.ble increase over 1880. 1879.-For five year3 the pamful process of foreclosure, set- At the Stock Exchange the year opened with buoyancy, under tlement and reorianization was steadily goin:g on, and in 1877 the influences of the manipulations of Western Union Telegraph  https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  I  RAILROAD AND MIB_CELLANEOUS STOCKS.  62  · stock by Mr. Gould, which was advanced to high prices on the 25th of F~bruary. There wiis speedy recovery from thia as consolidation nf the company '#ith the American Union and soon as monP-y rtlaxed. The shoo ting of President Garfield on Atlantic & Pacific. and the distribution of 38¼ per cent as a the 2d of July caused a temporary decline, but no panic. In the last half of the year the effect of the long-continued stock dividend. There was afterward no great feature until the end of February, when the contraction arising from the action war in ra.tes, together with a growing interest on the bear side, of th~ banks in apprehension of the passage of the funding with the belief that pric ...s of many of the new Rtocks were too law with the "Carlisle" amendment, caused a money panic for j high, led to a ~radual decline in stocks, a::id the market closed a few days and produced a very sharp decline in stocks on the, on Dec. 31 with many stocks near the lowest prices of the year.  PRICES OF RAILROAD A D MISCELLANEOUS STOOKS. The following tables, showing the highest and lowest prices of railroad and miscellaneous stocks in New York, for a serie8 of years, are compiled from sales made at the New York Stock Exchange. The compilation is made from such prices as constitute a fair standard of market value, and sales of stock in 100-share lots or upwards are taken, except in the case of those few stocks which sell almost entirely in small lots. 1860. JANUARY FEBR'RY.  STOCKB.  MARCH.  APRIL.  JUNE.  MAY.  ---- ---- - - Low.High Low.High Low.High Low.High Low.High ----  JULY.  AUGUST. 8EPT'BER. OCTOBER. NOV'BER. DEC'BEB.  ---- -------  Low.High Low.High Low.High Low.High Low.High Low.High Low.High  Canton Company .... . .. : . 16½- 1~ 16}4- 177,1\ 10 - 22½ 20½- 22½ 20 - 21¾ 19½- 20¼ Penn. Coal Co ........ ..... 81 - 84-½ 80½- S5 83 - 85 83¼- 84½ 85}.!- 88¼ 85½- 86 98}4- 98½ 97 - 9S½ 9$')s-101½ 98¼- 98 Del. & Hod. Canal Co ... 89~- 94¼ 98 - 94 Cumberiand Coal, pref.. 18,.'),(- 16½ 15¼- 16½ 18½- 16¾ 18¾- 15 U !,!- 14}.! 12½- 18½ Pacific Mail SS. Co ..... . 74 - 78½ 77½- 94}.! 02¼-105 101 -107.½ ~ .½-107 89 - 03¾ N. Y. Central .RR. Co ... 71¾- 75¼ 70¼- 72¾ 70¼- 79,½ 76¼- 80½ 78~- 83 81¾--- 82½ N, Y.&ErieRR .......... 8¼- 9 8¼- 9¼ 8¾- 10% 10¾- 18 16 - 23¾ 17 - 21¾ Hudson River RR .... ... 41 - 42¾ 87 - 41½ 88¼-40½ 88¼- 42¼ 41 - 49¾ 46'4- 49 Harlem RR ................ 8¼- O½ 87« 9¼ 8 - 10½ 10)4- 14½ 12 - 18¾ 11¾--- 12¾ Readinll••··················· 86¾-42¾ 88½- 41 40½- 48 41¼- 44 41¾- 4! 42 - 42¾ Mlchillan Central ...... . . 85 - 88 86¾- 88¼ 86¼- 45¼ 44 - 40½ 47¼- 54 46½- 53)4 10}.!- 14 Michillo.n Southern ..... . 6 - 6½ 5 - 7¾ 7¼- 12 11¾- 18 9¾-- 14 Panama ..................... 125 -181½ 180!,t-134¼ 182¼-133 133 -145 181 -146}1 125 -134-}.! Illinois Cent. scrip stock 55-¼- 58½ 56 - 57 58 - 63 59¾- 627-{ 59 - 64}., 61 - 64 Cleveland & Pittsbur~ . . 6¼- 7 7½- 7½ 5 - 6 5½- 7½ 7 - 12}.t 8 - 10½ Cleveland Col. & Cin . .. . 88½- 95 86 - 88 87 - 80¼ 88½- 08 91½- 02),t 91¾- 94 Cleveland & Toledo . . ... 19 - 20½ 1&¾- 20 10 - 25}.! 23¼- 80¾ 27¼- 81'½ 29 - 32¾ Cbicaaro & Roek Island . 61 - 63),J 62¼- 63)! 62½- 66¼ 67¼- 68¼ 64¼- 71¼ 67:)4- 70¾ Chicaa-o Burl. & Quincy 40 - 40 43 - 48 45 - 60 50¼- 65 63>:{- 79)4 6 ¼- 77 New Jersey ................ .... - .... 1~4 -128 120 -124 124 -125 126 -128 138 -188½ New Jersey Centro.I ..... 98 -100 90 -105½ 108½- 105 105 -112 112 -115 116 ·-120 Delaware Lack.& West 54 -54 57 - 80 76 - 80 84 - 94 85 - 89 00 - 90  19 - 20¾ 20 - 20}.1 18)4- 23½ 85)4- 87 86½- ~ 82 - 83 96}4- 97 92¼-96½ 90 - 96 12½- 15 14¼- 17½ 18 - 14¼ 83 - 92¾ 77¾- 85 77¼- 86¼ 81¾- 84¼ 83½- 88¾ 83 - 92¼ 18),(- 24¼ 28 - 81 26¾- 48 47¼- 58 56 - 66 56¼'.- 60 12¼- 1~ 16 - 20 16¼- 24 40¾- 49 44¾- 49)4 45 - 49 47¾- 60¼ 59½- 73¼ 67¼- 72¾ 18¾-- 19 17¾- 25 19¾- 24¼ 128¾-127¼ 122½-126¼ 123¼-127 62¼- 77 74¾- 89 83¾- 89½ 8½- 11 10¼- 12 10½- 15½ 01 -041,g 91};{- 95 93 - 99¼ 30¾- 38¼ 88½- 49 43¾-- 49¼ 70¼- 77½ 79 - 84¼ 77¾- 82;}.{ 73 - 84 87 - 92¾ 84½- 91 ... - .... 131 -138 138 -134 116 -116 118 -113 110 -117 05 - 96 94 - 05½( 92½- 08¼  .  14½- 18 75 - 81 83 - 94 8 - 11¼ 70 - 94 70 - 84 26 - 84% 40 - 60 18 - 18 81½- 42¾ 45 - 64 12½- 18 106 -123 51¼- 54½ 9 - 13 88 - 95 24¼- 35½ 50 - 66 61!1(- 85 .... - . ... 125 · 130 115 -115 100 -114 00 - 91¼ 75 .. 90  17½- 22¾ 81 - 83 04 - 96 10}.{- 18¾ 82¾- 95¼ 80 - 91 27¾- 43 M½- 64)8 !5 - 28¼ 41 - 48 59!,t- 70½ 15¼- 28¾ 120¾-125½ 70¾- 86½ 11¾ - 15¾ 95¼- 98 31 - 48 60 - 77¼ 79 - 90  14 - 15 78¼- 76 80 - 84 8 - 0 74¼- 85~ 69 - 76¾ 24 - 89 86 - 45 12 - 14¾ 2{1¼- 86½ 41 - 50½ 10¼- 15 107 -121 51¼- 75 8¼- 9 87 - 96 20 - 31 42½- 54 60 - 70 122 -126 105 -110 70 - 80  1861. S'l'OCH.S,  JANUARY FEBR'RY.  MARCH.  APRIL.  MAY.  ---- - - - - - - - - - - - - - - - -  JUNE.  JULY.  AUGUST. SEPT'B"ER. OCTOBER. NOV'BER.  DEC'BER.  Low.High Low.High Low.High Low.High Low.High Low.High Low.High Low.Hi_gh Low.High Low.High Low.High Low.High  Canton Company ......... 14¼- 15 Penn. Coal Co ....... .... . . 77 - 80 Delaware & Hud. Co ... 85 - 92 Oumbel'land Coal pref.. 8¾- 9!,t PacUlc Mail SS. Co . ..... . 84¼- 94 N. Y. Cent. RR. Co ...... . 'i5¼- 82!,{ N.Y.&Erie ................ 84½- 40½ Hudson River RR . . ..... 44 - 49}.f Harlem RR ............. . .. 15 - 16),( Readina- ...... . .............. S~- 46 Michhran Central . . . . ... . 519(- 61Y. Michia-an Southern ... . .. 14¾- 16:YPanama ................... . . 112 -117½ Illinois C. scrip stock .... 74¼- 88}{ Cleve. & Pittsi>ura- . ...... 9 - 10)( Cleve. Col. & Cin ......... 92 -100 Cleveland & Toledo ..... 32¾- 37y Chlco.llo & Rock Island. 52½- 62 Chic. Burl. & Quincy .. . . 05½- 78½ New Jersey ................ 120 -180 New Jersey Central. .... 107½-110 Mll. & Pr. du Chien ..... 10 - 14¾ Del. Lack. & West ....... 80 - 82  14 76 87 7 80¼75,* 30 -  15 80  92 8½ 88 80¼ 86  40>:f-48¼ 14 - 17 88½- 47¾ 40½- 60½ 12¼- 15¾ 112 -116 69¼- 84½ 8 - O½ 04 - 94½ 27½- 88 52¼- 61½ 65 - 76 132 -138 110 -115 10 - 12½ 80 - 82  14-¼- 15 76 - 80½ 80½- 90 7 - 7½ 82 - 88¼ 75¾- 80 30 - 85 43 - 47 15¼- 16¾ 39 - 46 M - 60 14½ - 18}.! 115 -117½ 75½- 83 9 - 9½ 9S½-100½ 38 - 37 56 - 61 69~- 75 138 -133 115 -110 11 - 12 80 - 84  9½- 10 8 - 14¾ 8½- 9¼ 106,½-106% 9 - 9 10 - 10 75 - 77 72 - 81 84¾- 80% 78 - 79 75 - 70½ 76 - 76 88 80 - 84 80 - 86 82 - 90 83 - 87 - 85½ 82½- 86 .. . 4%- 5 6 - 7}~ 4 - 53{ .... - .. . 4¾- 5):! .... 69 - 77 70 - 78¾ 75½- 80½ 50 - 85½ 60}.{- 71 109 -100 73½- 70¾ 72½- 77 68 - 787/4 71¼- 73¼ 88 - 88 72¾- 74¼ 22¾- 29 17 - 82),( 19¼- 23¼ 86½- 88 24¼- 26¼ 24½- 26¼ 32 82½- 84½ 32¼- 84 - 38 83 - 45)€ 84 - 37¼ 99¼-100¼ 9)4- 12½ 10)4- 11 10)4- 10113 11¼- 167-f 10¼- 12.'.)4 86¼- 88 33 - 39½ 35 - 87¼ 84¼- 86¼ 20½- 44¾ SO¼- 32½ 89 - 01 41 - 47¾ 40½- 4S 40 - 46 109 -111 40 - 58 41¼- 43½ 12 - 15½ 12½- 14 18 - 14)4 12)4- 17¾ 10¾- 13Jf 108 -106 105 -107 103 -1067-1 -111½ 104¼-108 106 -115 07½-116¼ 99 64)4- 68)4 55½- 81¾ 57 - 70½ 100_½-103½ 62 - 69¼ 63¼- 65 8 - 9 6½- 7 7 - 7 116 -1177/4 7 - 9 7 - 10 90 - 05 94 - 05 01 - 93½ 110 -110¾ 94 - 98 05 - 96½ 22¼- 36½ 20½- 25¼ 90}4- 90~ 28½- 33 23¼- 80½ 29 - SO¾ 3-1 - 58 80¼- 39 117½- ll~ • 84 - 45 Si¼- 41½ 41)4- 46 51 - 74½ 54 - 62 OS - 08½ M - 63¼ 57½- 60½ 59¾- 63¾ 118 -120 112¼-118 05 - 95)4 .... - . .. . .... - . ... 112 -112 110 -115 105 -106½ 103 -103¼ 110 -112 .... - .... 110 -112 9 - 11¼ 9 - 9½ .... - . ... 14 - 15 14½- 15 14¼- 19¼ 80 - 81 - .... 68 - 68 75 - 75 89 - 01½ 70 - 72½  -.  .  ....  9¾- 9¾ 76 - 76 88½- 86 4¾- 5½ 88½- 06¾ 78½- 70½ 25¾-- 84½ 83½- 88½ liO¼- 14 84½- 37 41 - 52 13¾- 10¾ 115 -119 65 - 69½ 10¾- 12½ 96¼- 99 29½- 88)4 45¼- 53 61½- 66!k; 114 -114 113 -113 16½- 19 70 - 72  ---  10 - 10½ 77¾- 80 84 - 86 5 - 5¼ 85½-100 77 - 81¾ 29¾- 85¼ 36 - 41½ 12 - 14 84 - 86¾ 48 - 54¾ 17¾- 20¼ 112 -121 60*~ 11!4- 14 07 - 99  ss - 88¾  9-¼78 81 4!1(78½75½23¾-  10~  78¼ 84 4" 95½ 80¾ 83  33½- so 10 - 18 80½- 84~ 41 - 50¾ 16 - lini 105 -115 56 - 63  12 - 17 100 -102 . 28 - 86~ 44½- M¾ 51 - 60 118 -118  51 - 58½ 58½- 60 114 -115 113 -114 . ... l~- 20 19 - 23  ....  65 - 65  ....  - ....  IS62. STOCKS.  - - - --  Canton Company ..... .. .. Penn. Coal Co .. ....... . ... Delaware & Hud. Co ... Cumberland Coal pref. . Pacific Mail SS. Co .. .... . N. Y. Cent. RR. Co .. .. ... Erie.RR ..................... Preferred ........ . ...... . . Hudson River .RR ....... Harlem RR ............... . Readlnar ..................... Michia-an Central. .. . .... Michiaran Southern ...... Panama ................. . . . . Illinois C. scrb stock .... Cleve, & Pittsburll .. . . ... Cleve. Col. & Cin ......... Cleve. & Toledo .......... Chic. & Rock Island . .... Chic. Burl. & Quincy .... New Jersey ................ New Jersey Central ..... Mll. & Pr. du Chien ...... l11t pref.................... 2dpref..................... Del. Lack. & West .......   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  JANUAHY FEBR'RY.  MARCH.  - - - - - - ----  APRIL.  MAY.  JUNE .  JULY.  AUGUST. SEPT'BER. OCTOBER. NOV'BJIIR.  DEC'BER  Low.High Low.High Low.High Low. High Low.High Low.High Low.High Low.High Low. High Low.High Low.High Low.High 10 - 11¾ IQ¼- 12 14 - 14¼ .... - .... 80 - 86 82 - 83 85 - 80 79¼- 82 84)4- 92½ 92 - 07 80 - 92)4 87¼- 91 5)4- 5¼ 5 - 0 7½- 8)4 8 - 8)4 92 - 09½ 01 - 99¼ 93 - 93 97},!-111 70* 83!{ 79}.!- 84¼ 82)4- 84½ 82¾- 85¼ 36;{- 87½ 81¾- 86¼ 83 - 35½ 34}8- 88 52½- 58¼ 54¼- 59¼ 53¼- 62)4 60¼- 62½ 37½- 40 35;4- 39½ 33½- 37)1 85}(- 36¼ 12}(- 13½ 11'¼- 12}.! 12½- 13½ 12 - 18 35 - 42¼ 40 - 44½ 41 - 41¾ 42 - 45}tJ 47 - 55¼ 48¾-54¼ 53)1!- 58¼ 53¼- 56¼ 10 - 22 22 - 23½ 20½ - 24¾: 22¼ - 23 110 -118½ lllJt-121!4 117 -122 119}jj-126¼ 01 - 64 55-¼ - 05½ 617-{- 66½ r,7 - 63 15¼- 16½ 16 - 18½ 17¼- 20¼ 17 - 18¼ 110 -110 103 -110 109}:H13 112 -115 33½- 42}{ 40¼- 46 44¾- 47¾ 40).s- 40 50 - 55){ 52)4- 57 55 - G9¼ 52¾- 56½ 57 - 62½ 61 - 65 61 - 62 61½- 65 .... - . ... 124 -125 ... . - . ... 128 -130 114 -119 120 -122 .... - .. .. .. .. - . ... 18½- 21){ 19¼- 21 20 - 27½ 25½- 23¼ 74 - 84 78¼- 77 77 - 79½ 77½- 80 50 - 65 52 - 57 54½- 58½ 56 - 58 .... - . .. . - . 83 - 84 80 - 84  ....  .. .  - - - ---- ---18½- 15 15 - 15 .... - . ... .... - ....  86¾- 90.½ 93 -100 8 ).(- . O¾ 109 -110 84¼- 89¼ 35}1i- 40¼ 62¼ - 67¾ 36 - 45 13 -•15 45½- 49½ 56¼- 63¼ 23 - 26}{ 126½-133 60 - 61 18¼- 23),{ 112¼ -116}{ 41¾- 47¼  90 - 98 92 -100½ 8}4- 9-¼ 115 -118 88¼- 95-¼ 85}8- 39½ 63¾- 07¼ 44 - 49½ 1:1 - :i.8½ 50 - 60 62)4- 68),( 25¾- 23½ 132 -139½ 60¼- 66½ 21¼- 24 110 -129 44* 40¼ 50 - 66 62¼- 69¼ 75 - 80 64½- 73 135 -135 182 -132 . ... - . .. . .... - . ... 26½- 30 27¾- 37 90 - 97½ 79¼- 85 59 - 64½ 6-1 - 75 85½- OS 100 -102  .  ....  .... - ... 16¾-18 18 - 18¼ .... 05 - 99½ 00 -108 106 -110 101:1}4-116 112½-118 07¾-100¼ 100 -110 10g -110 lll½-118 112 -119 11 - 13~ 12 - 14!1( 7 - 8 8½- 15¾ 9½- 17 107½-112~ 100½-121½ 117½-138 117½-124¼ 110 -137 89½- 94¾ OS -104 102¾-107:ij 101 -105% 101¼--104¼ 88¼- 39½ 86¾- 49¼ 49 - 65¼ 59 - 64¾ 60 - 63~ 87 - 92 90½- 97 80 - OS 62)4- 69¥. 67½- 83 72¼- ~ 72 - 70 44¼- Ml'( 50 - 62½ 61 - 79 21 - 28¾ 20¼- 25¼ 18 - 23 15 - 22 14¼- 17 73½- 7~ 74¼- 77½ 69 - 79 56 - 62¼ 56¼- 70 59¾- 69¾ 56¾- 81½ 81¾- 92½ 85¼- 91¼ 88¼- 08 S7¼- 43% 86¼ -41¾ 24¾- 32¼ 31 - SO¼ 87)4- 47 331½-140¼ 189¾-150 144 -154 15$¾-158 159 -170 57 - 63½ 01¾- 77 76¾- 84¼ 74 - 81¾ 76¼- 81 40 - 59 36½- 42 21¾- 25½ , 24 - 36½ 84½- 48 118 -125 121 -125 132 -185 1$5½-188 141 -145 65½- 70¼ 60 - 72½ 46¾- 54~ 152¾- 60¾ 67¾- 73 1 ~¼- 68~ 62¾- oo~ I 66¼- 78¾ 77¼- 85¼ 77¾- 83¼ 77½- 82½ 86¼- 88 83 -116 85¼- 96½ 100 -110 74)4- 78¼ 78 - 87 135- 185 188 -185 139 -140 ... . - .... 145 -145 130 -130 . ... - . ... .... - . ... 150 -150 150 -150}4 155 -155 81 - 34 31 - 84 SI½- 84½ 32½- 88½ 88 - 3$ 80¼- 84 99 -100 .... - ... 103 -108 94 - 96 90 - 90 88¼- 90 70 77 78 77~80 70 70 78 66 - 70¼ 70 00 -102½ lQ0¾-114 115¾-117 126 -1SO !J3 - 95½ 94 -100  95 - 97 91½- 97 7),g- 7¾ 104½-116,½ 87½- 93¼ 83 - 37 80 - 64 43 - 47~ 13 - 17½ 54¾- 59¼ 57 - 63¼ 23¾- 27¾ l28 -137 55¾- 61¼ 21 - 23% 113 -115 45 - 40¼  .. - ···-  RAILROAlJ AND .MISCELLANEOUS STOOKS.  63  1863. JAXUART FEBR'RT.  APRIL.  MARCH.  MAY.  Nov'BER.  DEC'BER.  JULY. AUGUST. SEPT'BER. OCTOBER. - - - ---- - - - - - - - - - - - - - - - ------- - - - - -JUNE. -· Low.High Low.High Low.High Low.High Low.High Low.High Low.High Low.High Low.High Low.High Low.High Low.High - - - - ---- - - ---- ---- - - - - - - Company ....... ..  STOCKS.  Canton 171/2- 82¼ Penn. Coal Co ............. 120 -182 Del. & Bud, Co ........... . 118½-182 Cumberland Conl pref.. 14½- 25¾ Quicksilver Co . . .......... 20 - 24 Pacific Mail SS. Co ....... 180¼-178 N, Y, Cent, RR, Co ....... 107 -124~ Erie RR .. ................... 66 - 85.>( Preferred ....... .... . . ... 07 -108 Hudson River RR ....... 82 - 98 Harlem RR ................ 27½- 40 Readinir RR ............... 77½- 06 ltlichiaran Central ........ 91 - 90 Mich, So, & N, I. RR .. .. 45¾- 65¼ Panama ..................... 171 -187 Illinois Central scrip .. .. 81¼- 97¾ l?ullstock ................ 88½- 91 Cleve. & Pittsbur~ .. .. ... 50¼- 'i8 Cleve. Col, & Cin ......... 147 -175 Cleve. & Toledo .. .. . ...... 77¼- 97 Chicqo & Rock Island. 82~- 96¾ Chic. Burl, & Quincy .. . . 99 -111¾ Chicairo &Alton .......... 59 - 65 Pref ....................... . 86 - 87 Terre Haute & Alton ... so - 42 Pref........................ 50 - 71½ Toledo & Wabash ....... 397,i- 60 P1·ef ........................ 85 - 88 Pitts, Ft. W, & Chic .... . 60½- 76 Chicairo & Nerthwest ... 16 - 23 Mil, & Pr, du Chien ...... 85 - 48 lstpref.................... .... - .... 2d pref.................... 85½- 90 Del, Lack, & Western .. 130 -186 .American Coal Co ........ .... - .... Mariposa Mininir Co .... .... - ....  25 - S7 80 - 88 23 - 81½ 29 - ·10 26¼- 88¼ 80¼- 84 81¾- SO½ 82¼- 33)4 81 - 85 114 - 126 125½-141 186 -189 185 -186 135 -147 142 -147½ 144 -160 160 -lOG 156 -160 124½- 13! 135 -150 140 -144 143 - 150 155 -1132½ 155 - 161½ 161 -170 170 -179½ 109 -171 86 - 41½ 80 - 47¾ 17 - 27 22 - 85 17 - so SO¼- 40 18½- 81 26¼- 80¼ 27½- 33 54 - 67 45 - 51¾ 40 - 46-½ 38 - 50 38¼- 51 60 - 00½ 00 - 57 41 - 70½ 01 - 73 186½-190 180¾-198 172 -188 179½-240 £28½-230½ 208 -281 213 -248 208 -232 210 -227 113 -117 116){-183 115~-125 110 -120 122¼-130½ 128 -140 188¼-188½ 130 - 139½ 181 -138 70 - 84¼ 84>{-105 90¼- 08 02½-103¼ 103 -122 101 -118½ 106)4-110.3.i J9½-110½ 104¼-109 00 -102~ 101½-111 100¾--106½ 100¼-10!,½ 102½-111¾ 1C2 -108¼ 104 -10,5}1; 99¼-105 100¼-103¾ 102¼-117 116 -142½ 118 -148½ 145 -180 141½-153 128½-150 131 -141¾ 121 -184½ 111}¾-129~ 42!,!- 76)4 79 -116½ 07}<(..,-109¼ 02 -123 125 -179 115 -164½ 80 -145 88 -110 87¼- 93 8,J -114¼ 95 -111½ 113½-12! 112 -122 110 -128 119 -127¼ .i.117-£-122 04 -120 88 - 05 99-J.f-105 105 -12-1¼ 100 -119½ 107 -110½ 113 -128 116 -123½ 120)4-128¼ 120}4-128¼ 111%-128¾ 55½- 6'01, 67½- 88 08.!4- 81 77 -108)4 79 - 89i1, 79 - 87¼ ·n - 89 73½- 89¾ 88 -113 183¾-187½ 180 -189 188 -190 188 -190 189 -19:; 188 -189 188 -190 187 -187 190 -200 98 -1117-( 1102 -116 114 -188 120½-183½ 128¼-128½ 11$½-125 115 -120 87¾- 95 92½-115 94 -107 92 - 95 89 - 90 96 -100 106 -126 111 -123 118 -116 115¼-110¼ 112¼-112½ 82 -108 64 - 78 67½- 84 80 - 97¼ 82>&- 97¼ ~3¼-105 91 -102¾ 100¼-115 99½-112½ 100¼-109¼ 158 ..:167 158¼-160 160 -165 159 -161 155 -160 155 -155 150 -155 160 -160 155 -157¾ 108 -181 86¾- 96~ 98}(- ~ 02¼-106¾ 108 -117 105 -1113¼ 107 -117 113 -123 112 -121 114 -120 118 -l.19½ 109 -121 87¾- 95 89 - 95 04 -108 98½-104 8&¼- 95 93 -106 108½-117 103 -118 106,½-111},{ 102 -111¼ 100 -128¼ 105 -110 106 -110 107,.{-112½ 108 -120 113 -116 114 -110½ 115 -126½ 120 -123 122¼-181 116½-124½ 115 -117¼ 81 - 86 62 - 64 57½- 66 60 - Oil½ 70 - 85 63 - 79 78¼- 87 80 - 91 65 - 84 79 - 86 08 - 82 88½- 85 92 - 99 80 - 80 92 .. 95½ 81 - 01 88 - 05 89½- 98 82 - 91½ 00 - 94 90 - 98 92½- 07 43 - 65 81 - 48½ 42½- 59 81½- 87 29 - 35 55 - 65 41½- 58½ 41 - 68½ 5;:; - 67¾ 55 - 64½ 59 - 00 82 - 90 63½- 72 65 - 69¼_ 57¼- 71¾ 72 - 90 75 - 82½ 70 - 78 06¾- 84 75 - 86 69¾- 85 82½- 88 50 - 51 51 - 61 73 - 86 44 - 60 50 - 51 72 - 83½ 75 - 80 44½- 55 63 - 72 71 - 75 77 - 86 91 - 92 8;; - 88 68 - 68 70 - 82 68 - 75 78 - 95 84 - 87 79 - 80½ 80 - 88½ .... - . ... 70 - 75 61½- 68¼ 56 - 67 61 - 78½ 64 - 78½ 71 - 96 79¾- 87 57 - 69 67¼- 85 78 - 90 71 - 92½ 82½- 91 10 - 21 10 - 18¼ 10 - 26 25 - 48 82 - 38½ 32 - 37½ 36 - 47½ 43½- 50½ 48½- 41J 28¼- 85½ 27¾- 38 35 - 41 35½- 40 43 - 60¾ 42 - 56¾ 50½- 69½ 67 - 00¼ 65 - 79½ 66 - 74 84½- 44 53 - 70½ 50 - 59 109 -109 108 -110 107 -107 110¼-110¼ .... - .... 106 -112 102 -112 109 -110 . ... - . ... . ... - . ... . ... - .... 78 77 - 78 76 87 - 88½ 78 - 80 81¼- 90 75 - 82 78 - 80 85 - 80½ 85 - 88 84 - 88¾ 67¼- 88 140 -140 146 -149 142 -150 154 -161 .... - . ... 165 -166 170 -180 180 -181 185 -185 .... 198 -198 .... - .... .... - ... .... - . ... 35 - 78 48 - 68¼ 48 - 75 68 - 70¼ 62 - 69 68 - 87 90 -100 90 · 95 .... - ... ... . - .... .. .. - ... .... - . ... .... - .. .. .... - .... ... - . ... .... - . ... 47 - 55 88 - 49¾ 82 - 42  25 - 27½ 126 -182½ 128 - 182),t 19 - 20½ 17 - 20 153¾-171 116¼-120 70 - 80¼ 99 -106¼ 91¾- 99 82 - 87¼ 89¼- 92 94½- 98¾ 55 - 68½ 181 -192 89¼- 94 88 - 98 65 - 78~ 155 -161  .  22½- 26 110 -122½ 120 -131 16 - 20 14 - 80 165 -195 107 -118¼ 74½- SO¼ 98½-101¼ 95 -101,4 35 - 47 86¼- 01 97 -104½ 58¼- 61¾ 188 -193 85 - 9~ 91 - 01  4  .  000  .  IS6.f. STOOKS,  JANUARY FEBR'RY.  MARCH.  I  JULY. AUGuST. SEPT'BER. OCTOBER. NOV'BER. DEC'BER. Mn. Ju.s. ------Low.High Low. High Low. High Low.High Low. High Low. High Low.High Low.High Low. Hi/1,'h Low.High Low High Low.High APRIL.  --------------------Canton Company .... ... . . 88 - 39½ 88 - 50 46 - 74¾ 34½- 48 82 - 87 51¼- 71 82½- 86¼ 33 - 89½ 83¾- 38¾ 28 - 34 25½- 26 Delaware & Bud. Co . .. 174 -188 172 -202 204 -238 218 -254 218 -238 283 -245 200 - 247 202 -210 170 -195 152 -170 185 -205 200 -218 Penn, Coal Co ...... .. ..... 160 -178½ 171 -188 188 -219 190 -236 200 -215 210 -218 215 -220 208 -220 170 -205 100 -190 195 -204 195 -206 73½- 98 65 - 91 55 - 78 56 - 57½ 55 . 64 68 - 76 Central Coo.I Co .... ....... 64½- 65 58 - 72 51 - 07¼ 50 - 5S 00 - 70 59 - 61 02 -120 92 -120 88 - 00 95 -111 90 -103 96 -100 .American Coal Co ....... . 92 - 94 90 - 98 75 - 86½ 75 - 88 00 - 90 88 - 90 60 - 87 01¾- 82 66}:!- 85 Cumberland Coal Co . . .. 46¼- 51¾ 51¾- 69¾ 66 - 95 48¼- 56¾ 48½- 53¼ 5-! - 67½ 55½- 62½ 54 - 69)4 41 - 62 47½- 69 57¾- 91 tlO - 88-¼ 05 - 88¼ 70 - 78 82 - 87¼ 86 -101¾ Quicksilver l'tlininir Co .. 45 - 60 71 - 88 73 - 88 71½- 78½ 78½- 85 Mariposa Mining Co ..... 24 - 35 28 - 38 85 - 45 30 - 43 30 - 47 4.6 - 5(l 82%- 39¾ 17 - 37¾ 88 - 40¼ 29 - 57 30½- 51 40¼- 48 Pacific ltlail SS. Co .. ..... 2Hl -281 214 -280 219 -239 219 -239 222 -238 285½-802 274½-281 275 -281 265 -280 270 -825 805 -320 292 -320 N. Y, Cent, RR, Co ....... 180 -187¼ 182 -188 135¼-145 180 -144½ 128 -135¾ 180½-135 131¼-135½ 128¾-182 114 -129 100 -122 110 -128-¼ 112½-122½ Erie RR ..................... 106%-113 107 -124¾ 113 -120¼ 107 -120 107 -ll'i½ 110½-118 108¼-110 10$¼-118¼ 93 -109 0$¼-104¼ 82 - ~ 0 - 98 Pref...................... .. 10()¾-104¾ 101 -109 105½-115¼ 105}.!-110 106 -109 108½-113 107 -115¼ 10$¾-112}.( 101 -109 100 -104 100 -106½ 99¾-105 Hudson River RR ....... 120¼-148 139 -162 148½-161½ 120 -104 182 -156 138 -147 120 -187½ 126 -185 107 -127~-I 109 -125 118 -127½ 114 -118¼ Ho.rlemRR ................ 80¼-105 102 -187½ 101 -152 130 -235 224 -281 260 -285 .... - .... ... . - .... .... - . ... . .. - .... .... - . ... .... - .... Readina- RR ............... 111 -118)4 115¾-188½ 180½-154 125 -105 125 -147 138¾-145 12ri½-139½ 182¼:-1877/4 117¾-184 115 -184 132½-140 112¾-1S7 Michiarnn Central . ....... 118¾-139 181¾-148 136½-152 133 -157 181 -140¾ 142½-156½ 182 -140 183¼-140¾ 128)4-184¾ ll4½-180 124½-132¼ 115 -138 Mich, So. & N, I. RR .... 84¾- 90 88¾- 99 57 - 71¾ 68¼- 77½ 68½- 74 98 -118¾ 84,¼-ll&;¾ 85½-100;¾ 03}(-101 80¾- 04)4 82)4- 92¾ 71 - 85 Panama RR ............... 200 -222 222 -227 227 -240 245 -250 250 -250 265 -205 255 -300 297 -300 292 -21J2 260 -264 205 -270 265 -270 Illinois Central RR ..... 112 -122 115 -125 123 -185½ 121 -138 115 -120 129 -182½ 124 -181 128 -182 116½-128½ 110½-130 128 -181¾ 121 -131 Cleve. & Pittsburg .. ..... 105 -120 110½-110¾ 114¾-128:l<{ 104 -132 110½-117½ 110½-110 100 -114¾ 110 -114 105¾-117¾ 90 -107 102 -109 91½-113 Cleve, Col, & Cin . ........ 180 -180 140 -157 157¼-175 105 -174 168 -168 lOi½-160 109 -170 170 -171 170 -170 164 -164 170 -170½ 18<: -182 Cleveland & Toledo ..... 120 -141 rlQ¾-149½ 142 -151½ 135 - 157 145 -154¾ 135 -151½ 131 -144 125¾-184 108 -126 95 -116 108 -114½ 107 -11 Chic, & Rock Island ..... 122¼-149~ 117¼-144¼ 119½-127¾ 110 -184 105 -119 110 -117¼ 107½-114 109¼-ll~ 95 -109h 85¼- 07 99 -110 101¼-108 Chic. Burl, & Quincy .... 118 -12!) 122 -188 131½-146 132 -149 126 -142 126¼-132 126 -132 127 -181 117 -127 111 -135 115 -120 116¼-118 89 - 93 Chicago & Alton .......... 84½- 89½ 81 - 90 87 - 96½ 65 -100 88 - 97 85 - 90 95 - 08 80 - 82 88 - 97 90 - 90 85 - 87 92 - 95 Pref........................ 94 - 96 94 -100½ 95 -108 90 - 95 02½- 98 94 - 96 92 - 07½ 90 - 93 95 - 97 03 - 07 85 - 90 38 - 4 Chic, & Northwest ....... 4!'>½- 56 47¾- 56 47 - 77 40 40¼65½- 88 47¾ 34 48½- 6i'.i½ 50 - 00 48¾- 58 52¾- 57¾ 44½- 54 ref.. ........... . ..... .. ... 61 - 67 05 - 65 71 - 87 72 - 94¼1 80 - 04½ 84 - 98 70 - 97 75%- 85½ 69,4- 7 85¼- 91½ 77 - 80¾ 07½- 81 I. & Pr, du Chien ...... 53 - 62 57 - 69 47 - 56½ 41 - 55 53 - 69¼ 03 - 89 133 - 70 35 - 49 06 - 71 50 - 62 58 - 72 01 - 70 1. Lo.ck. & Western .. 105 -195 225 -230 225 -230 235 -250 230 -241 240 -242 .... - .... 205 -205 263 -265 . ... - ... 200 -205 225 -230 99)4-106 t s, Ft, W. & Chic ..... 82¾- 80 87 -101 98 -14.0,< 101 -152¾ 105¼-121½ 112 -119 109 -117 110 -117 94 -110-¼ 87 -102¾ 100)4-110 1, Wab, &W. RR ... .. 53 - 61 57)4- 67 62 - 78J.'._ (30 - 75½ 09½- 73 52 - 58½ 57¼- 5 60 - 68 63 - 69 68 - 71 61 - 66¾ 53 - 53 Pref..................... ... 70 - 74 74 - 88 80 - 90 77 - 77 .... - .... 75 - 79 . ... - . ... 68 - 119 .... - ... 67½- 69 73 - 04½ 71 - 80 • L, Alt, & T. H .. ..... 57 - 1,4 62 - 73½ 46 - 55 51 - 57 58 - 67 59 - 65 01 - 60 58 - 65 51 - 57½ 47 - 57 Pref......................... 68}.!- 77 77 - 92 71 - 76½ 70 - 75 72)4- 82 87¼-101¼ 82½-103 70 - 82 71 - 79½ 77 - 78 60 - 74 65 - 02 Ohio & Miss. ctf... ....... 35?,!- 37¾ 35x- 43 42¾- 68 82¼- 37 85¼- 48 45 - 69 49½- 55)4 51 - 56½ 47½- 53½ 47½- 52 88 - 47¾ 32 - 38  188"-""'  ,.,,_ .. I°' _,,.,.  1866. STOCKS,  JANUARY FEBR'RY.  MARCH.  I-  APRIL.  ~  JUNE.  ____:_oL,.  AuGusT. SEPT'BER. OCTOl3ER. Nov'BER.  ~  . . . . - - - - - - - - - - · Low. High Low. High Low. High Low. High Low. High Low. High Low. High Low. Hig~ Low. High Low. High Low. High Low. High  ton Company......... 27 - 85}.{ 29 - 89 26 - 86¼ 29 - 47 85 - 47½ 36 - 89 88)4- 42 37 - 89¼ 39 - 41¼ 39¼- 44½ 42 - 47 45 - 46½ lawn.re & Bud. Co ... 152 -215 153 -173 141 -140 142 -156 133 -152 135 -144 130 -149 183 -141 139½-150 14'1 -151 146 -147 141 -145 P nn, Coal Co ............. 180 -198¼ 185 -185 170 -170 165 -172½ 140 -146 145 -145 148 - 155 150 -155 100 -170 166)4-174 175 -182 170 -170 entral Coal Co........... 88 - 47 4'.l¾- 50 41¼- 58½ 45 - 50 41 - 51 42 - 42 50 - 55 50 - 51 48 - 02 47½- 60¼ 50 - 56 50½- 56 · rican Coal Co........ 80 - 84 77 - 80 78 - 88 05 - 70 62½- 75 58 - 59 57¼- 65 63 - 65 62 - 77½ 08 - 75 66 - 66 74½- 74½ Ou b. Coal & Iron Co.. 41½- 47 48¼- 79 31 - 74 34 - 57 37 - 50 83 - 48 40¼- 45¼ 87½- 44 48¼- 46¼ 40 - 48½ 42¼- 45 48)4- 45½ ulcksilver l'tl. Co........ 93 -101 83½- 88 53 - 88¼ Gl¼- 70 46 - 03 46 - 58¾ 53 - 64¼ 50½- 57)4 47¼- 58½ 4q - 54 46½- 50 40½- 49 riposa l.ll, Co........... 8%- 20 10¼- 18 10¼- 18¼ 13 - 17½ 11 - 14½ 10½- 14¼ 12¼- 14 11¾- 12¼ 11½- 13¼ 10½- 127/4 10½- 16 14¼- 16½ cific Mail SS. Co ....... 290 -320 l'i'O -329 270 -820 270 -310 800 -810 280 -280 295 -29 285 -285 151 -16;-i 215 -230 230 -240 220 -220 Atlantic llla.il SS. Co, .... 153 -100 150 -150 50 -150 125 - 140 145 -102¼ li'.iO -175 lu4½-166½ 125 -157 146 -150 140 -15-1 134 -158½ 181 -135 • Y. Central RR . . ....... 102 -119 102 -118 80 -114½ 84½-104 80 -104 88½- 95,t; 03/:f- 98 88½- 93¼ 92¼- 95½ 03½-103¾ Oj?fr-102 05 - 98¾ le RR ......... ............ 66½- 80¼ 08}4- 78 44)4- 78¾ 50¼- ffi> 09¼- 84Jf 70¼- 70¼ 77½- 9S½ 76¼- 91¼ 80¾- OH( 85½- 98}i, 90¾- 97 91~ 97 Preferred ... ...... .... .... 90 -101 90 - 93 70 - 90 77 - 92 82 - 90 81¼- 85 85 - 88½ 80 - 87½ 82 - 86 82 - 86 82 - 84¾ 84;~- 86 dson Rivc:r :RR...... . 9;-i -115 101 -117¼ 88 -115 91¼-114½ 94 -114½ 07¼-110}4 107 -111½ 101¾-113¼ 108)4-111½ 103½-1127.,{ 106 -110¾ 107 -109½ din.., RR ............... 102¼-118 103 -117 88 -114¾ 89-).(-111 89½-107,( 88 - OS½ 07:}(-108:Y 98 107¾ 100 -116½ 112}.{-118¾ 118½-ll't¾ 105-¼-1177-( hi.ran Central.. ....... 103 -118)4 107 -115 90½-112½ 9S -114½ 105 -115 103 -112 100 -110 102 -108½ 108 -115½ 110¼-110 118 -117 108)4-117 JlllcJIIJ11:•11 So th rn ...... 61 - 75 ~ - 72 4QX- 67 ~ 7'U 65 - ~ 57 - ~ 62 - 68 ~ - 6~ 65M- 7~ 68 # _ 84 717'- 82 ~ - 7~   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  RAILROAD AND MISCELLANEOUS STOOKS.  64-  1880-Concluded. JAXUARY FEBR'RY.  ---- ----  STOCKS.  -  MARCH.  APRIL.  MAY.  JUNE.  JULY.  AUGUST. SEPT'BER. OCTOBER. NOV'BER. DEC'BER.  Low.High Low.High Low.High Low.High Low.High Low.High !,ow.High Low.Hii.?h Low.High Low.High Low.High Low.High  ----  Panama RR ............... 200 -265 250 -250 !250 -234 235 -237 2:::iO -230 250 -250 :50 -2ri0 252 -255 270 -2i0 .340 -~40 ::!85 -235 235 -240 92 -118 113 -119½ 116 -129 '.22¼-138¾ 118¼-124½ 123¼-128}( 130 -138¾ 131¾-188 131 -184 90 -119 Illinois Central RR ..... 111 -127½ 114 -122 G:::i¼- 74}4 64¼- 72½ 70½- 73),{ 72 - 87 47 - 79½ 50¾- 89 70 - 86 ri4½- 70¼ 58 - 70 Cleve. & Pittsburg ... .... 79½-101 81½- 94~ 80 - 09 Cleveland Col. & Cin .... 170 -180 150 -160 130 -150 .... - . ... :30 -135 128 -130¼ 130 - 133 124 -180 125 -128 127 -130 127 -130 125 -127¾ -105 08 -111 101 -103 -104 95 -103½ 91 92 00½-102 102 -109 100 -111 102½-105 102¼-115 Cleveland & Toledo .. .. . 108 -118 113 -115 01 -105 OS -102 101¾-109½ 108 - 109 108½-113),{ 105 -113½ 104¼-109¾ 105¾-108¾ 81¾-103 Chicairo & Rock Island. 8&¾-105¼ 89½- 08}4 85¼-100 02 -110 104 -108 109½-112 111 -113 112 -125 1.24 -130 110¼-115 118 -115 Chic. Burl. & Quincy .... 114 -120 115 -120 100 -118 103 -117 87 - 00 80 - 02 95 -100 89¾- 92 96 -103 Chica~o & Alton .......... 89 - 02½ 00 - 05½ 81 - 00 96 -101 104 -106 103 -106 104 -105½ 84 - 93 00 - 05 01 - 94 92½- 95 100 -102½ 96 -104 100 -103 W6}4-107 105 -107 105½-107 85 - 95 Preferred ............. .... 90 - 96 32}.!37 20 2tl - 30½ 26 · so 23 - 27 21¼- 357 21¾- 33 - 34 27½- 2U!,,.. 28¼- 34),{ 31 - SO¾ 34¾- 87¼ Chic. & Northwest ....... 32 - 40½ 48 - 67 G2½- 63½ 53 - 57 61 - 6 56½ - 66 C4}.!- GO Pref................. .. .. ... 61¼- 71¼ 61¼- 67½ 48 - 64 58½- 64 60½- 04 162¼- 69 34 - 44 34 - 39 30 - 46 70 -225 80 - 97 Mil. & Pr. du Chien ...... 39 - 49½ 42 - 48¾ 30 - 42 35½- 40.½ 38 - . 49½ 47¼- 58 ri6 - 73 .... - ... . .... - .... 185 -185 175 -175 Del. Lack. & Western .. 222 -225 .... - .... 199 -109 .... - .... .... - . ... .... - . ... . ... - . . .... 00½-102 01½- 97 05½-101 02 - 08½ 97¾-100 03½-107 101¾-100¾ 102 -1 Pitts. Ft. W. & Chic .. ... 00 -102½ 90 - 077/4 77½- 03½ 80¼-100 50 50 51 51 .... 50 50 45 .... .... 45 - . ... . ... - . .. . .... - . ... 40 - 40 43 - 43 39 - u5 40¾- 43 Toi. Wab.&W.RR ..... .... Pref........................ .... - .. .. 60 - 60 .. .. - .... . ... - . ... 60 - 60 .... - . ... .... - . . .. .... - . ... 60 - 64 64 - 65 68 - 68 . ... 25 - 46 35½- 37 so - 35 30 - 36 33 - 36 36 - 38}::'. 35 - 88~.! 38½- 53 42 St. L. Alt. & T. H ........ 40 - 43 .... - . ... 25 - 35 55 - 70 60 - 73 .... - ... 94 - 94 60 - 70 Pref........ ................ 65.½- 70 60 - 60 60 - 63 70 - 71 63 - 67),{ 65 - 71½'. n - 82 21¾- 32½ 227/4- 25-¼ 24 - 27¾ 23 - 23¼ 26 - 30 Ohio & .lUiss. certfs ...... 25 - 34½ 26¼- 27¾ 19½- 30½ 20 - 31 28¼- Sly._ 27¾- 2 26¾- SI  -  -  1866. JANUARY FEBR'RY.  STOCKS.  MARCH.  APRIL.  MAY.  JUNE.  J ULY.  AUGUST. NEPT'BER. OCTOBER. NOV'BER. DEC'BER.  - - - - - - - - - - - - - - - - - - - - - - ·- - - · - - - 1 - - -- 1 - - - -· 1 - - - - - I - -- Low. High Low. High Low. High Low. High Low. High Low. High Low. High Low. High Low. High Low. High Low. High Low. High - - - - - - - - - - - - - -· - - - - - - - - - - - - 1 - - - - - 1 - - - - - 1 -- - - - 1 ·- - - - 1 - - - -  RAILROAD. CentralofN . .J ........... . 114 -119 113 -114 104 -107½ 106½-110 110 -117 115)4-117 116 -120 120 -128½127 -120 127½-130 128 -132½124 -127 Chicago & Alton . . ........ 103 -105½ 107 -123 83 -112½ 84 - 90),{ 91 - 09 95 - 09 98¼-105½ 107 -113 105 -113¾ 110½-113¼ 106 -113 108 -110 Pref....... . ................ 105 -107 108 -125 04½-118 93 · - 96 100 -101 102 -102 104½-106 109 -114 106¾-113¼ 113 -113½ 109½-113½ 110¾-111 Chic. B. & Quincy ........ 109}4- 114 112 -112 113½-115 115 -117½ 113 -117 116 -121 124 -125 129 -130 128 -138¾ 132¼-137 131 -133¼ 130 -184 {)hie. &Milwaukee . ... . . 60 - 67½ . ... 58 - 00 63 - 63 70 - 70 .... - .... 70 - 70 70 - 79 08 - 68 {Jltic. & Northwestern .. 27 - 30½ 26¼- 20½ 25 - 27¾ 24 - 30¼ 26¼- 29½ 28¼- 31½ 30 - 37 35¾- 37¾ 34 - 87½ 38 - GO¾ 37¾- 02),{ 4'3 - 55 ~ Pref..... . . . . . . . . . . . . . . . . . . . 53½- 62½ 55½- 56}.( 52 - u7)l; 52½- 50¾ 55¼- 61¾ 58 -61¾ 59 - 66¾ 63 - 68¾ 65¾- 72.l( 72 - 81¾ GO¾- S2 G5½- 84 Chic. & Rock Island.... 96½-109¼ 98 -107 1041/a-118¾ 107 -123¼ 89¾- 96½ 01 - 95½ .... - ... . 102¼-llOX: 108¼-112¾ 105 -111% 100 -112¼ 102 -105¾ Cleve. Col. & Cin ......... 110 -123 114 -115 111 -115 114½-115 114 -115 116 -118½ 110 -118 110 -111>( lll½-115 113 -115 lJl½-113-)4 109 -112 Cleveland & Pittsburg . . 74½- 87 76 - 82¾ 75¼- 82 76.½- 84½ BO¾- 06 80 - 87½ 82 - 88 85¼- 88¾ 85¼- 90 87%- 04¾ 82 - 04),( 83½- 93 Cleveland & Toledo ..... 103 -113¾ 105 -108½ 107 -1!3 99¼-112 103 -105-'.>1; 104)4-107 106½-116¼ 115¼-117 114¼-123 117 -127 lll¾-121¾ 111%-126 Del. La.ck. & Western .. 149 -158 140 -145 124- -\32 130 -130 135 -140 144 -147 142 -150 160 -162}!: 150 -155 150 -152 150 -150 144½-1 Erie.... . . . . . . . . . . . . . . . . . . . . . . 80.½- 97 76 - 85½ 74%- 87 71¾- 79¼ 55½- 75 57½- 65}.;_ 62 - 77¾ 06¾- 74~ 68¾- 80¼ 81¼- 05 70¼- 86!,( CG¾- 7 Pref.. .. ...... . ............ 81 - 86½ 80 - 82¾ 80 - 81 - .. .. 74 - 80 72 - 76 72½- 78¼ 72¾- 79 75 - 8H 2 79¼- 8 7 82 - 8~.! 82 - 86 Han. & St. .Joseph . .. .... .... • ... ..... - .... 30 - 31 32 - 35 SO - 37 35¾- 36}!: 36¾- SO¾ 38 - 51 54 - 60 56 - 59 Pref. . . . . . .. . . . . . . . . . . . . . . . . . . .. - . . . . 52.½- 53 . . . . 50 - 52 . . . . - . . . . . . . - . . . . 52 - 5S 54 - 62 65 - 69 63 - 63 Hart. & New Haven .... 170 -170 .... - .... ... . - ........ - .... 175 -175 .... Hudson River ............. 98½-109l-<\ 09 -104¼ 102½-109¼ 102¾--llOx, 108 -113}-1'. 110 -113½ 112½-120½ 118}.!-122 119 -1£5 118 -128-J,.;. 11S -126½ 118¼-137 Illinois Central.. ........ . 115 -1:.1¾ 112)4-116)4 114.½-119.H 114 -124 115 -122¾ 117 -124 115¾-123½ 121¾-124½ 121 -123¾ 123½-129 116 -126~ 115½-120 Long Island................ 72½- 76 . . . . - . . . . . . . . 75 - 75 08 - 68 60 - 60 CO - 60 55 - GO 00 - 00 60 - 60 l'tlar. & c. 1st prf... ..... ... .. - ........ - ........ - . . . . 40 - 40 39 - 48 37 - 43¾ 42½- 46½ 40}.!- 44 39-¼- 42 40 - 44.}_ S9 - 42 80 - S8 2d pref.................... .... - .... 25 - 27 ... . - . . . . 20 - 21 18 - 20 19 - 20 20 - 20½ 20 - 21?{ 19¾- 20}{ 19¾- ~2 20 - 21}{ 20 - 20 Michigan Central.. .. .... 101½-lOSJ.f 100¾-103¼ 101 -104. 101¾-107½ 106 -109¾.102;,~-109 104¾-112½ 109½-114 110½-1153<'. 113 -117:),~ : 09 -117½ 107 -115 1Uichigan Southerr · ... . 66½- 75:i( 00¾- 713'.i G9¼- 83 78 -101 77 - 81¼ 78¾.- 80% 78¾- 8--1yt 83¼- 87 82¾- 88½ 87¼- 93 78-).!- 94 79¼Gnaranteed.. . .. - ........ - .... 140 -140 140 -140 Mil. & p. du Chien.... . . . 90 - 97 90Y,r 08 01 - 01 93 - 91 . . . . 05 - 65 . . . . - . . . . . . . . - . . . . . . . . - . . . . OS - 63 1st pref................... : .... 97 - 98 96½- 97 95 - 06 92 - 04 .... 95 - 05 93¼- 03¼ 94¼-100 99 -100!,<_ 100¼-100!,( 97¼- 9 2d pref.. . . . . . . . . . . . . . .. . . . . . . . . 85 - 88 85 - 85 82 - 85 85 - 85 84H 92½ 65 - 87 85 - 00 00 - 90 . . . . - .... J.Uil. & St. Paul............ . . . . 45 - 46¼ 41 - 46 42 - 47 50 - 59 55 - 59 56 - 579.( 53 - 57½ 51½- 55 ri4 - 03 r;o - 64 40.½- 56 Pref........................ .... - ........ - . . . . 55 - 58 00 - 75 09½- 75 08½- 73¾ 70 - 73½ Co½- 75 72 - 79 04 - 70.J( CS¼- 7 lUorris & Essex........... 09 -103),{ OOJ.i-100 88½- 90 79 - 85 85 - 91 80 - 80 .. .. - ... ..... 55 - 85 80 - 80 New .Jersey ................ 145 -145 135 - 135 .. .. - .... 120 -120 128 - 128 129½-129½ .... - .... 130 -130 .... New York Central....... 90½- 08 86¾- 03 90¼- 93¼ 110¾- 03¾ 01¾- 98¼ 07 - 99½ 98¾-106Y. 102½-105¼ 102 -114}{ lll½-121:i.. 106¾-123){ 107½-114 N. Y. & Harlem ........... ... • - . . . . 85 - 85 - . . . . 99 - 09 N. Y. & New Haven.... . ... - .... ... . - .. ...... - . . 96 - 07 il5 -110 109 -112 llP -112 110¾-115 111 -112 112 -115 115¼-118 114 -120 Nor. & Worcester........ 96 - 90½ 05 -103 103 -105 . .. . - .... 103½-103½ .... - .... 107 -110 110 -115 115 -115 . ... Panama ..................... 235 -245 ~40 -243 . . .. - .... 250 -231 .... - . ... 260 -260 250 -260 260 -2CO 260 -265 .... - .... 265 -270 !:58 -265 Phila. & Rcidini;: . .. .. ... 07%-107 07½-102½ 06}.!-103¼ 08¼-105¾ 105¾-111½ 107 -110¾ 104¾-111¾ 111 -1171/.: 112½-1171/.: 114¾-llC;,_ llQ¾-11-:-3/; 108 -112 Pitts. rt. W. & Chic..... Ul¼-104½ 91½- 03¾ 88-¼- 93 88 -100½ 02¼-100¾ 95 -100 O:::i¼-103 102¾-lOGY. 103 -10S¼ 106 -lllj._ lOlY,rlllK 104½-1 , Rome & Watertown .... .... 93 - 08 06 - 06 ... . - .... 90 - 00 ... . - ... . St. Louis A. & T. II...... 33 - 33 30 - 36 29 - 35 30 - 38 CO - 34½ 30 - 32 31 - 35 34 - .41 8G½- ::;s CSh- CO~, r;s - u3 Pref................. . ... . . . 56 - 71 CS - Gl 57 - 07 01 - 08 01 - 60¼ 01½- C3 0--!½- 136,, G7½- 73}_ 71 - 71:,,:: 7.2¼- 78 C7 - 78 Sixth Ave. T . Y ........... 135 -1:::7 136 -1~6 Stonin;:. (Y, Y . P. & B.) 115 -117 110 -110 105 -103 100½-101 101 -109½ 110 -111 :10 -110 103¼-110 111 -112 100 -100 105 ::;9 - 4iX 43¾- 46X 44 - u5 <iO Toi. Wah. & West. . ..... 42 - {.2 31 - 40 31¾- 83 32 - 39 33½- 3?½ 35 - 36 35 - 40 - . . . . 61 - 61 07½- 70 71 - 73>( 73 - 73 72 Pref. .......................... .. - .... 63 -63 Warren........ . ........... . COAL. American.................. Ashburton . ....... .. ....... . Butler............. . . . . . . . . . . Central........ ........ . . . . . Cumberland..... . ... ... .... Del. & Bud. Canal ..... . Lehigh & Susquehanna . Pennsylvania .............. Spring Mountain........ . Spruce Hill............. . ... Wilkesbarre ............ ... Wyomini;: Valley........ ..  GS - 60½ .... - .... 13½- 16¼ 41¼- 43:.4 41¼- 43¼ 133¼-136½ .... - . .. . 5½- 5¼ 167½-170½ 155 -162¼ 53 - 50½ ...• 65 - 63 13 - 14½ 13 - 13¼ 43}.!- 53 41½- 47),{ 134).{-147  01 - 66  13 - 14½ 12 - 14  15 - 15 . . . . 40¾- 47;:i 42 - 43 42 - -15/2 42¾- 40-){ 132¼-135~ 133 -136 •·· • - • •· • • • •· - . •· · 141½-150 131 -135 44 - 45¼ 42 - 53 .... 3 - 4¼ 4¼- 7 . ... GO - 60 50 - 50 48 - 48 50 • 53}s 49 - 52½ 44 - 44 37 - 41  GAS. Citizens' . .......... .. ...... . 118 - 118 Manhattan.. . . . . . . . . . . . . . . . . . . . MINING. Mariposa, ~old ........... Pref............... . ....... .. Quicksilver........... ...... Rutland Marble .......... Smith & Parm, gold.....  5() - 66  . ... -  C2 - 65 14 - 18  60 - 62  42 - 44½ 43 - 49 141¾-150½ .... - • •·· 1-10 -146 00¾- 54 4 - 0 48 - 52 30½- 40  . •. . - . . . . 4-1½- 47}:,. 143).j;-155 ... . - . •· • 142 -148  - .. .. 105 -105 . . . . - .... 150 - 150  32¼- SO;( 4 - 4;,( 53 - 55 40 - 40  . .. . -  GI - 01 57¼- 04 GO - CO C3 - 7-!¼ 07 - 73 13 - 16}_ 16½- IOY. 10 - 10:_ 14 - 10 13 - 17 18½- 20 1::l½- 2rJ.._ ~3 - 45½ ~5 - 54 G2 - 53 Gl - 57 ri4 - 57 50 - 50 4-1¾- 47 4.0 - 43}'.'. 46 - 53)~ CJ½- c:x 04 - 71 C4}.!- 00 146½-150 l:::iO -155X 151 -154 152¼-IGO 155 -lCO 132 -15~ . ... 3 - 5 4¼- 4~( .... 4 - 4½ .. .. 150 -157 .... - .... 155 -156~( 133 -1:::iS ~30 -130 .... 75 - 80 38 - 38 .... 73 - 84 70 - 70 4 - 4.}1 3½- 4}.! . .. . , 4 - 4¼ 3¼- 5 4 - 4,/ cs - 711/. r,3 - 73 55 53 - 55 5-!}i- 5--1),{ 52 - 57 36 - 40 37½- 40 40 - 40 40 - 40 36 - 37 ... . -  .  - .... 125 - 125 1125 -125 - .... 135 -135 1138 -138 .... - .... 150 -150  11¾- 12¼ 11½- 13½ 11 - 13½ 10½- 12½ 10¾15 10¾- 13 19.½ 15 - 17¾ 16½- 18¾ 17¾-:25¾ 19¼- 26½ 21 - 26¾ 22 40 - 43½ 40 - 58 49 - 56½ 48 - 52 47½44¾ 39¼- 43 17½ .... 9¾- 10½ O¼- O¾ 8½.... 12¼16 36¼12}.!-  12')( 11 27½ 26¾53}.j 4'7½16 10 . . . . -  12¼ 11 - 151/c 13}.!- 14½  28¼ 27¼- 35¼ 27½51¾ 49½- 54½ 5-1 23¾ 23¼- 32¼ 29 . . . . 9½- 11% 11½-  12 - 15¼ 32¾ 24¼- 31 56¼ 44 - 56 33¼ 23 - 20½ 14½ 7¾- 12½  IMPROVEJIENT.   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  84¼5¼- 6½ 7¼43}r 48" 47 14. -  43½ 34;!,( 51½ 12 ~- 10 57½ 55}r 62 14 12 - 14  33¾- 51¾ 317-{- 36 8 - 8¼ 8 - 9½ 53}(- 61¼ 51 12}r 18 . . . • - . . . .  28 .... 51,t1, -  SO¾- 35 31½- 84 .... .... 7¼- 8¼ 53~ 52 - 66U 53],4- 5~ 1 14 - H . . . . - . . . . 14 84  RAILROAD .AND .MISCELLANEOUS STOOKS.  65  1866-Concluded. 'JANUARY FEBR'RY.  STOCKS,  MARCH.  APRIL.  MAY.  JUNE.  I  JULY.  AUGUST. SEPT'BER. OCTOBER. NOV'BER. OEO'BER.  !Low.High Low.High Low.High Low.High Low.High Low.High Low.High Low.High Low.High Low. H i g h ~ ~  TELEG1:1-APH. I estern Umon ....... .... •14½- 58 RussianExten ......... . . ... -  54 - 70  57½- 69  - .... 108 -109  STEAMSHIP, tlantic Mail ........... .. 108 -135 acific Mail. ............ . .. 180 -210 Scrip ......... ........ ...... 160 -203  102 -136 185 -212 165 -200  52 - 59 106½-109  128 -133½ 121½-133 205 215 215 -227 190 -200 190 -209  57 - 64 107 - 108  49¾- 62 51 - 57½ 55 - 59½ 54¼- 58¼ 51¼- 56½ 44 - 53 43 - 50 105 -107½ 106 -110 102 -103 95 -100¼ 9' - 98 96¼- 97½ ~ - 97¼  122½-132¼ 124 -130 111 -125 225 -225 210 212½ l308 -216 216 -218  112 -115 213 -222  110 -117½ 105 -116 219 -222 215 -234  EXPRESS,  - ....  85 -104 . ... 99 -105  ........ ····1····  94 -132 205 -246  73¼- 1,4 79 - 87 80 - 80  103 -113 160 -174  61 - 75¼ 75 - 82 70 - 78  1S61. JA:S-UARY FEBR'RY.  MARCH.  APRIL.  MAY.  JULY.  JUNE.  AUGUST. SEPT'BER. OCTOBER. NOV'BER. DEC'BER.  - - - - - - - - - - - - - - - - -- - - - · - - - - - - - - - - - ----1-----1-----  STOCKS,  Low.High Low.High Low.High Low.High Low.High Low.High Low.High Low.High Low.High Low.High Low.High Low.High ---- ---· ---- - - - - - - -·----- - - - ---- ----  RAILROAD. oston Hart. & Erie .... .... ent, of New Jersey .... . 124 -125 120 -123 hicaeo & Alton ......... . 105 -110¾ 106 -111 Pref..................... . ... 109 -112 112 -116 hie, Bur. & Quincy ..... 120 -132 127 -130½ hica,eo & Northwest ... 32 - 46½ 35¼- 30¼ Pref.................. .. . .. .. 57½- 83¼ 63¾- 69¾ Chic, R, I. & Pacific... .. 91 -104½ 93 -100:).f Cleve, Col, & Cinc'ti. .... 105 -111 100 -103 Cleve, & Pittsbura-..... .. 75¼- 91¾ 70 - 85)!! Cleveland & Toledo ... . 117 -126½ 117 -121 el. Lack. & Weste1-n. . - .. .. Scrip .................... . .. . .... Dub. & S. City p1•ef... . . . . . . . Erie................ . . .. . .. . . . 52½- 58 55½- 61;-<J Pref.. ·. .................... . 69 - 79 70 - 75 Hannibal & St.Joseph. 57 - 57 52 - 52  - ... . 14½- 15¾ . . .. - .... 15¼- 17  116 -118  105¼-108½ 106 -109 129¾-132 32¾- 36¾ 59¼- 65¾ 92½- 98¾ ·99 -100 78¼- 83 116 -122 120 -120  15 ·· 16 10½- 15½ -121¾ 122 -123 120 -124 119 -120 113¾-llll 109 -114½ 114 -115 -117 117 -125 123 -125 120 -122 121¾-130¼ 111½-116½ 117 -122 -120 118 -128 125 -128 125 -128½ 125 -130 132 -142 144 -150 -150 124 -126¼ 126½-137 133 -135 136 -187 33¾- 44¾ 43 - 51,4 44¾- 50 38½- 46¾ 41½ - 48¾ 4tl¼ -58% 55 - 65¼ 58 - 65½ 64¼- 73¼ 67½- 71¾ 63 - 71¾ 65¾- 70 62%- 67¾ 66 - 71¾ 87¼- 95¾ 95½-104 99¾-103½, 99 -105 94 -104 94½- 977/4 90½- 99¾ 98½-100½ 98 -100 100 -101 100 -101¾ 97 - 99¼ 98 - 98¾ 97½- 98½ 75½- 86¼ 84 - 95 91¾- 96 75½·· 89½ 77¾- 86½ 81 - 85 82 - 88¼ 113¼-122½ 119½-126 121;14-127¾ 125)4-131 xlOl-107 100 -104¼ 97 -104 125 -130 180 -130 118 -121 118 -123 109¾-113 113 -114 lll½-114 .... . ·· .... 118 -122 124½-126 116 -116 113 -ll8 109 -109 110½-!13 ll2 -112 59 - 60 . . . . - . . . . . . . - . . . . . . . . - .. .... .. · - . . . . 70 - 70 . . . . · . . . . . . . . 58%- 65% 58%- 67¼ 65%- 77½ 66¼- 76¾ 59 - 71¼ 63¾- 76¼ 69%- 74½ 71 - 74¾ H¾- 73 72 - 75¼. 75½- 78 76 - 79 74 - 76½ 75 •· 80 76 - 80 79 - 81 49 - 50 - ... .. 50 - 50 . . . . . . . . 50 - 50  113½-115½ 115 -118½ 105 -107 107 -108 108 -109 lll½-111½ 130 135 130 -132 30 - 36¼ 31½- 36¾ 5&¼- 65½ 56~4- 60% 85½- 93¼ 86¾- 92¼ 97 - 99 98ri-100 65¾- 79)4 71¾- 75¾ 109¾-115 112)4-114 112 -112 120 -125  55 52 - 6J.¾ 53 69 - 73 69¼.... 45 -  56 64 72 53  121 111 114 148  5.1.= ~~ .. l~~ =1;: .~.~ =~~ .. .~ -~~ ... ~~ = ~ ... ~~ =~ ... ~ = ~~..l.~.1.=~ ... ~~ ~~ .~.~ - ~~ .. s I  ~:~·;d&°:N~;·ii~~~~ ::::  =  Hudson River ............. 119 Illinois Central. .......... 111 Jndianap, & Cincinnati. 84 Lone Island ................ I 60  135 -187¼ -135¼ 128 - 138½ 135½-140 'I x 9 o _ 96¾ } 96 -103¼ -117¼ 114 -117 11~ -11~ 111½-116 1.!3½-116 - 87 84 - 84 So - 8.> . . . . - . . ,9 - 80 - 60 . . . . - . . . . . . . . - .. .. .... - .. . .. ... - . . . .  .....  118 -121¾ 121 -122  102¾-llG  109½-122¼ 119¼-125½ 124¾-139½ 125¼-133  123¼-126½ 124 -1~  117 -122 116¼-119½ 117¾-1227,{ . . . . - . . . . 80 - 81 81 - 81¼ . .. . - . .. . . . . . - ........ - . . . . 12 = .. 24½ 24¼- 27¼  120 - 122 1~4¾-129¾ 124 -184½ 129½-135 . . . . - . . . . ,O½- 70½ 68 - 68 60 - 60 . . . . - ..... ... - . . .. . . . . - . . . . . .. . . .. .  43 ·· ·4·;½= 47½ 1·46%= roi4 ·46 =5i ··  1 1 :~ :~ · 48½ 37¼- 89¾ 38¼- 43¾ 62 - 69 61½- 68 61½· 63 61½- 64  m;s~i:::.~.~-~~~~~~~~~l35 =  1  ~~ ·20 -  =22½ ·.i..1.· =  38 25 - 23 2-1 - 26 25 - 25 .... = .... 17 1.·8······ 1.· i.·.6.· =1.·1···..· .·_i·.5.· =i·6····· 2dpref..................... 1 ... . 5 5 Michia-an Central .. .. ... . 102 -1088,4 107 -107¼ 106 -108¼ 107%-108¾ 108¼-110 105 -110½ 100 -112¾ 109¾-112 108 -111¾ 108 -110 1106½-110½ 110 -113 Michia-an Southern ...... 66 - 83¾ 70½- 75½ 70½- 78½ 64%- 74¼ 65½- 70¾ 67¾- 78% 77¼- 84¾ 77"½- 84¼ 75 - 84¾ 77¼- 85 76¾- 82 80 - 86½ Milw, & P, du Chieu ....... . . . . 40 - 40 . . . . · 1st pref.... . . . .. . . . . . . . . . . . 90 -100 90 - 90 - . . . . 85 - 85 87 - 92 . . . . - .. . . 91 - 91 . . . . 95 - 95 95¼- 98 2d pref.. . .. .. .. .. .. . . . . . . . . 90 - 90 . . . . - . . . . . . . . - . . . . .. . . 77 - 77 . . . . 85 - 90 Milwaukee & St, Paul. 33 - 47 35%- 40 33 - 35 25 - 36 33½- 37 33 - 4Q.¼ 40 - 54 477/4- 51 3871- 48¾ 40 - -17 37 • 42¾ 40½- 49 Pref........ ... . . . . .. . . . . . . . 52½- 70½ 56 - 60 50 - 56 47½- 56% 53¼- 57¼ 54¼- 60 60¼- 68)4 64)4- 68½ 60 - 67Jl! 61 - 68½ 59 - 63½ 60¾- 6~ Morris & Essex. .......... 70 - 70 .... - . . . . 67 - 67 65 - 65 .... - ........ - ........ - ....... . New Jersey ............ .... ... . - .... 135 -135 .... - .. . . 140 -140½ .... - ....... . - ........ - .... 1•••• - . . . . . . . . - . . . . 135 -135 132 -134 New York Central. U6 -118 94¼-103¾ 100),1;-106 05¾-105¾ 97 - 99¾ 98½-104¾ 104)4-110½ 103½-105¾ 105¼- 109¾ 108 -115¼ 111)4-115¾ 11$¾-118¾ New Yo1·k & Harlem.. .. .. - . ....... - ........ - .... 93 - 95 96 -105 105 -115 .... - .... 112 -115 100 -100 - .... 116 -118 Pref............ ......... . .. 1..•• - . ... 90 - 90 85 - 90 85 - 85 98 - 98 - ... . 110 -115 100 -100 • .... 112 -112 New York & N, Haven. 114 -116 115 -118 116),1;-121 119½-123 115½-117 115½ -123 117 -120 125 -125 122 -124¾ 121 -123 120 -124¾ 124¾-140 Norwich & Worcester . .I. ... 95 - 95 - . . . . 95 - 95 . . . . 93 - 93 91 - 91 93 - 94 92 - 92 91 - 92 .. . . - .... Ohio & Mississippi. ..... 28½- 24¾ 24½- 26¼ 25¾- 29 22 - 27¼ 20¼- 25% 24 - 27½ 26 - 28¾ 26 - 27¾ 25 - 28½ 24¼- 27¼ 23¾- 26¾ 25¾- 29 Pref.... . . .... ........ ...... 87 - 89 .. .. - .. . . 70 - 70 . ... - ... .. .. . - . . . . . ... - .. . . 65 - 67 67 - 69 . ... - . . . . 72¾- 74¾ 72 - 75 69¾- 7o Panama.. . . . . . . . . . . . . . . . . . 260 -260¾ 260 -261 263 -263 254 -258 254 -2fl0 . . . . - .. .. 256 -260 261 -270 300 -812 299 -311 295 -800 290 -294 Phila. & Reading....... 99¾-105½ 108½ -106¼ 100¾-103 97%-104 102½-104½ 103¼-109% 103 -108½ 102¾-107½ 101½-104¼ 95¾-102¾ 95½- 98½ 9l¼- 96¼ Pittsb. Ft. Wayne & Ch. 92½-105¼ 94¾- 99-¼ 92%- 977,,~ 89¼- 95~:! 95 - 98 96½- 99¾ 100 -107 108¼-107 99¾-106½ 96¾-101¾ 95½- 98½ 97 -100~ Rome Wat. & O~densb. 95¾- 95 .... - ........ - .... . .. . - . .. . 105 -106 108 -108 St. L. Alt. & T. Haute.. 31 - 38½ 32 - 35 30½- 3-1½ 31 - 35 35¾- 40½ 40 - 58¼ 50 - 55 50 - 51 ... . - .... 49 - 52 50 - 50 .... Pref.......... ...... . ...... . . 60 - 67 62½- 63 60 - 64 60 - 61 56 - 70½ 75 - 83 88 - 84 73 - 83 67 - 67 65 - 68½ 66½- 67 66 - 67 Second Avenue.. . .. ... . . .. 60 - 60 55 - 55 55 - 55 .... - . .. . 65 - 65 - ... . 60 - 60 . . . . - .. . . 50 - :50 1 Sixth Avenue ... . ..... ... . . . . . . . . . 120 -120 .... - .... 116 -116 ... . - ... . .... - .... .... - .... 125 -125 .... - ....... Stonington (N.Y.P.&B.) 96 - 98 - .... 80 - 90 80 -:.. 80 .... - ... ... .. - ........ _ . ... 100 -100 .... - . ... 85 • 85 ...• 1  ······I  ::::!/.;:i:,:\~·w~~~·~~-~ ·so -  45% 38 - 43½ 34 .. 89¼ 36 - 39½ 38 = P1•ef.. · ·· · · · · · · · · ... . · .. . ...... . - . . . . 66 - 66 59 - 65 61¼- 65 58¼- 67 1  COAL. Amel'ican .. .. . .. ...... ..... 56 Cenn•al ..... .. .. ............ .... Cumberland ................ 35 Delawa1·e & Hudson ... 139 Pennsylvania ..... .. .... . . I141 Sprina- .lllountain . ........ 70 Wilkesbar1·e . . . .... ........ 40  I  GAS. Citizens' (Brooklyn)..... . . . . Ha1•lem ...... .... ... ... .... .. . . . . Manhattan ....... ..... .. .. 145 Metropolitan ....... ...... . I. . . . New York ........ .......... ' ...  - 70  57 - 61  -  43 - 47 33 - 36  - 94 -156 -145  145 145 65 36  - 75  - 59  -147 -150 - 65 - 43  -  -l-!5.\45 _  I  - 160  46½- 54 45 - 48 25 - 36 143 - 147 148 -150  45 - 46 41½- 45 26 - 34 143 -146 150 -150 45 - 45 25 - 36  66 - 73  45 -45  ~-~  29¾- 32 147½-155 150 -155  41 - 41 30 - 35½ 152½-154 160½-160½  35 - 35  35 - 38  - ........ - . . .. 126 -130  130 -130  36½- 40  160 -175  167½-167½ .. .. -  69½- 72¼ 70½- 71  45-~ 44¾- 49¼ 35¾- 41¾ 145½-152 180 -180 44 - 45 37 - 41  ~-W 85¾- 85¾ 33¾- 37½ 145 -152 175 -175  I 86  _ 36  so _  =  ~  ... .  40 29 - 35½ 25 145 -149 146 175 -175 175 36 _ 37  - 40 - 42 - 30 -148 -175½  81 - 31  44 41 23 144 170  - 44 - 41 - 28 -148 -170  25-25  48 - 49~ 27 - 32 144 -148¾  .... -  - .... 127 -127½ ....  - ... · 140 -150  -  156 - 156  .... 155 -155 155 -155 . .. .  - .. . . 280 -280  160 -160 .... - .... 163 -164 • . ... 130 -130  . .. .  .llIINING. Mariposa, a-old.. . . . . . . . . . . o - 14 9 - 10),1; 8 - 9¼ 6¼- 8½ 6¾- 8 Pref... . . . . . . . . .. . . . . . . . . . . . . 18 - 32¾ 21¼- 24 20 - 23¼ 18 - 22 16½- 21 '1  Qu~::::·:;~ ~;,; ~.  I  &:!¼- 41% 30¾- 38¼ 25¾- 33 S5 _ .,,,  6¾- 8¼ 9 - 12 0 -· 10¾ 7¾- 9½ 8 - 9½ 7½- 8¾ 9¾- 11 17½- 24¼ 22½- 25 18 - 23½ 17 - 20½ 13 - 17½ 13 - 14½ 13 - 15¼ 22 - 30¼ 24 - 32½ 31¼- 86¼ 27 - 33½ 24½- 29 17 - 26½ 15 - 18¾ 15 - 22½  Boston Water Power ... 23¾- 30 25¼- 28½ '24¾- 27¼ 24¼- 32½ 26½- 33¼ 23 - 24¾ 21%- 24¾ 19 - 22¾ 16 - 20¼ 15¼- 20 16¼- 18½ 17¼- 19¼ Brunswick Land... . ...... 8 - 9 8 .... - ... . 4 - 6 8¼- 8½ 6 5 - 5 5 - 6 5 - 5½ .... - ... .... - .... . ... Canton Improvement . . . 41½- 49½ 48½- 48 44 - 50½ 41½- 46, 41½- 44¾ 427/4- 48¾ 46¼- 53½ 46 - :51¾ 43 - 50 42¼- 45¾ 42 - 46% 44½- 57 TELEGRAPH.  42¼- 47¼ 40 - 45¼ 40¾- 42½ 85½- 42   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  40 - 46  40¾- 45¼  44%-  50¾ 42 - 47½ 36¾-  44½ 33 - 88  30½- 34¼ 82 - ~  R A ILROA D AND MISOELL A N E OUS S TOOKS.  60  I S6?'-Concluded. STOCKS.  - - - -· - - - -  J ANUARY FEBR'RY.  STEAMS HIP. Atlantic M ail. .... .... . ... 95 -110 Pacific M ail . .. . . . . . ........ 15G -173 E X PRESS. Adam11 . .. . . .... .... . .. . . ..... American . .............. . ... Merchants' Un. , $2ii p'd. $ 30 " " " $35 " United S tates ....... . .. . ... Wells, F a rgo & Co ...... .  MARCH.  APRIL.  MAY.  JULY.  JUNE.  _____,____  - - - - ____ ,  AUGUST. SEPT'BER. OCTOBER. NOV'BER.  DEC'BER  Low. High Low. High Low. High Low. High Low. High Low-. High Low. High Low. High Low. High Low. High Low. High Low. Hig 79!1:{-105 122 -160  78 -91¾ 76 - 93 90½-101½ 102 -109½ 107 -113¼ 111 -114 109 -113 112 -118 117 -132 118 -129½ 124!}.(-130 1287kl43¼ 139¾-148¾ 141¾-146¾ 135½-144½ 139¼-150  63 - 75 70 - 80  55 - 67 54¾- 60  55 - 61¼ 55 - 61 55 - 61 55 - 59 16 - 17  58¾- 66½ 62 - 80  65¾- 72 67 - 70  54½- 67 54 - 70  54 - 62 54 - 60 54 - 67¼ 65 - 70  62 - 75 64 - 68  .. .. -  66 61 - 71¼ 61½- 76 64 8 - 17½ 10½13 - 19 18½- 20¼ 15 62 - 77 64 - 68  74½ 74½ 12 21  72 71 11 16  -  7!% 77¾ 13 19  67 - 77 72½- 78 64 - 70¾ 65½- 08  58 57 10 13 23½55 54 -  73½ 73 15 22¾ 24½ 76 66  114 117  55  55  ... . 22½- 30 28 - 44½ 58 - 09 68 - 80 50 - 57,<_; 47¼- 59¼  I S6S. S TOCKS .  - -- -  ____ ,____,  JANUARY FEBR'RY .  MARCH.  APRIL.  MAY.  JUXE.  JULY.  AUGUST. 3EPT'BER. OCTOBER. NOV'BER. DEC'BER.  Low. High Low.High Low.High Low. High Low. High Low. High Low. Hig-h Low. High Low.High Low.High Low.High Low. Rig  ---- ---- ----  ---- ----  ---- ----  R A I L RO AD . Boston Hart. & E 1·i e . . . . 13¼- 17¾ 14 - 16½ 13¾- 16 14¼- 15 15 - 15¼ 15¼- 15¼ 16 - 18¼ 18½- 24 22:)-4- 23 23 - 27¾ 27¾- 27¾ 20 - 26 Ce n t . of New J ersey ..... 114¾-117.!4 115 -117 117 -118 114½-118½ 116 -120 119½-126 120 -124½ 118 -121 120 -124 110 -122½ 110 -121 11()¾-117 Chicago & A lton ..... . .... 130 - 136 128 -136 129½-131 120 -128½ 127½-128 129 -138 137 -138 130 -144 141 -138½ 150 -155½ 134 -151 140 -147 P1·ef. .. . . ... ........... . .... 131 -140 138 -138 132 -133½ 125 --120 128 - 129½ 130 -136 128½-129½ 138¾-145 14•1 -158½ 152 - 156 133 -150 138¾-146 Chic. Bui•. & Qui n cy . .. .. 138 -143½ 144 -153½ 149½-150 150 -150 149 -150 151 -154 164 -165 170 - 173 - . .. . 168 -171 169 -170 170 -175 Chicago & N orthwest ... 58¼- 62½ 58½- 61¼ 62 - 69½ 60 - 64 63 - 70 65¼- 72 73 - 84J1 80 - 83}: 84 - 90¾ 88¾- 97~-i 73 - 00¾ 74%P i·ef. . .. . ................. 70¼- 76 72 - 75½ 72¾- 76½ 68 - 76½ 75 - 80¾ 77.!4- 84½ 7~.i- 8--1% 79½- 83;)~ 83½- 9l¼ 88 - 98¼ 77¾- 91½ 75?:{- 88 · Chic. It. I. & Pacific..... 93,fr-100¾ 96¼-102¾ 91 - 98¾ 85 - 97 93¾- 98¾ 96¾-105¾ 105 -110½ 97.)4-1123{ l0Q¼- 104¼ 102 -109½ 101 -109¼ 105½-118 Clev. Col. Ciu. & Incl.... 98¼-101 101 -110 101½-106 104½-106% .... - . . . . 90½- 92 88½- 00¾ 81 - 88 79½- 82 75 - 80 75 - 78 74½- 77 Cleveland & Pittsburg . . 87¾- 98} 93½- 98½ 88¾- 96¼ 80 - .92 83½- 89 86¾- 91¼ 8474- 90 85 - 89½ 84¾- 89 84%'.- 91½ 81½- 89¾ 82 - ~ Cleveland & Toledo... . 97,.!-114¼ 105½-113 102¼-108J,~ 971/2-106½ 105¼-110¾ 103¼-110½ 102½-104¼ 98½-102:J,4 100¾-103¼ 101¼-106¾ 95 -103 96¼-102 D e l. Lack, & Western . . 1110 -112 114 -115 113½-114 114 -115½ 118½-125 123 -124% 118 - 118 118 -120 118;½-122 121½ -132 126 -130 125 -131 Dubuque & S. City ....... 30 - 50 50 - 58 . . .. - .... . ... - . ....... - .... 78 - 'i8 75 - 78 72½- 72½ 80½-101 95 -101 97 - 97 Dubuqne& S . City,1n•ef. 75 - 75 92 - 97 95 - 95 ... . - .... 96 - 96 Erie .. .... . .. ..... .... . ....... 71¾- 78½ 67¾- 78¼ 65¾- 81% 65¾- 75 68¾- 72¾ 68 - 71¾ 67¾- 71 45½- ~ 8 40 - 52½ 38 - 49½ 35½- 54 Pref. . .. .. .. . . . .. . . .. . . . . . . . 72 - 83 75 - 83 74 - 80¼ 69 - 75 74 - 77 75 - 76 74¾- 75½ 68 - 73¼ 68 - 70½ 65 - 71 59 - 65 Han . & St . .J o seph ..... . . 51 - 61 58½- 74 74 - 77 73 - 77½ 78 - 83 80½- 87 86 - 86 84 - 83% 87 - 90 90 - 90 P ref... . .. . . . . . .. . . . . . . . . . . . 62 - 73 72 - 82 80 - 85½ 81 - 85½ 83¾- 87 86 - 91 87 - 88½ 83 - 86 87 - oo 87 - 89% 86 Hudson River . . .. . ........ 132½-147 140 -149 130 - 145 122½-140 136 -144 138 -143½ 138 -139½ 133 -140 138 -142 134¼-139 120 Illinois Ce n t r a l ..... . .. .. . 130½-136½ 133¾-139 136 -140 137 -147¾ 145½-148¾ 149 -158 144 -159 142½-151½ 143½-146 143 - 147¾ 141 I n d. & Ci n cinnati........ 60 - 60 59 - 59 54 - 54 . . . . - . . . . 50 - 53 50 -· 52 .. . . - . . . . 51 - 51½ 50 - 50 ... . Joliet & Chica go ......... 97 - 97 95 - 95 - .. . . 91 - 91 96 - 96 95 - 95 Lake S ho1•e* ....... . .... ... 101 -114 106 -110½ 99½-105 99 -102¼ 102 -108.¼ 100½-107 99 -101 97½-100 96½-l0l 98¾-102½ 96 -100 95 Lon g I s l a nd................ 40 - 41 43 - 45 .. . . 45 .. 43 . . . . Mar. & Cin, , 1 st pref.... 15 - 27½ 25 - 35¾ 29 - 32 25 - 25 27 - 29½ 28)4- 29 28 - 29 28 - 28 23½- 25½ 23 - 25 2d pref. . .. . ...... .. ....... . 6¼- 6½ 11 - 16 - • . . . 10 - 10 10 - 10½ 10 - 10 9 - 10 Mic hig a n Ce n tral. ... .... 106%-112 lll¾-114 112½-114 113 -115½ 118 -121 117¾-121¾ 116¼-119 118 - 121 118 -119 118½-ll!J 111 -118 Michig a n Sout h e 1·n .. . .. . 85 - 89¾ 88½- 94 87¾-- 92½ 85 - 91)4 82¾- 91½ 89¾- 93¼ 88¾- 93 82 - 88½ 83 - 86¼ 83¾- 91 80 - 90 M il. & P.du C. , 1st 1>ref. 99.)4-103 99 -100 97 - 99 99 - 99 100 -104 103 -105 104¾,-106 106 -107 105 -105 Znd pre f. .. ...... ... . ... ... 90 -100 92 - 93 91 - 92 93 - 93 91½- 97 98 - 08 99 -100 Mil. & S t. P aul . . . . . . . . . . . 47 - 52¼ 46½- 51% 51 - 59¼ 56 - 64¾ ·02 - 67¼ 62½- 67 65 - 77¾ 69 - 77 77¾- 97¾ 93 -111 01 - 97½ 63 - 70¾ , Pref. .. . . . . .. . . . . . . .. . . . . . . . 63¼- 67 64 - 68 66½- 75 68½- 77 74¾- 7&)4 76½- 79¼ 78 - 85 79¼- 84¾ 84 - !:l6 93 -112 76 - 98¾ 81½- 89 lllor l'is & E ssex.. . . .. . . . . - .. ...... - . ... . . . . - . . . . 65 - 65 65 - 65 65 - 65 63 - M 63 - 05½ 65½- 66 85 - 95 New J e 1·s e y . .. .. . .. ... . ... 130 -135 132 -132 132 -'133 ... . - .. . . 133 -133 ... • - .... 128 -128 ... - .... 132½-134 120¾-134 131½-134 132¾-133½ Ne w Y o1·k Ce n tral ...... 117)4-132¾ 125 -134¼ 117¾-131¾ 110,:(-130 127¾-134 132¼-136¾ 131½-136¾ 122¾-132½ 123 -130¾ 123¼-130½ 115 -129¾ 123¾-159¾ New Y o1·k & Ha1·lem .... 112 -130 129 -131½ . . . . - ..... . .. ..... 122 -127 123 -124 - . ... 124 -124 - .... 120 -128 P r ef.... . . ... . .... . ..... . . 123 -123 .... .... .... .. . ..... - .... 122 -124 - .. . . 122 - 122 - .... 120¼-120¼ NewY01·k &N. Ilav en .. 133 -140 138½-141 140¼-141 137 -142 150 -15:J 145 -151 145 -145 143 -145½140 -141 141½-142 140 -143 140 -140 N o rwich & Worcester . . . . . . - . . . . . . . . - . . 94 - 94 94 - 94 . . . . - . . . . 90 - 92 92 - 92 91 - 91 92 - 02 . . . . - . . . . 00 - 00 91 - 91 Ohio & lUiss . . . . . .. . . .. . 29¼- 34 29½- 33% 29¼- 31¾ 28¾- 32¾. 29¼- 31½ 29 - 31¼ 29 - 30¼ 28¼- 30¾ 28 - 29¼ 28¼- 32½ 28½- 31¾ 29¼- 34% Pref... . . . .. . .. .. . . . . . . . . . . 70 - 74½ 75 - 78 76 - 77 76 - 78 78 - 80 79 - 79½ 78½- 78½ 77½- 79 78 - 89 78 - 79 79 - 79 • •.. - .... P a nama . .. . . ...... . .. . .. . ... 290 -310 315 -345 330 -346 295½-316 313 -330¼ 329¾-339 330 -330 340 -368 360 -369 330 -345 330 -330 327½-340 Phil. & Reading . . ........ 91½- 97¾ 92¼- 96 88½- 94),,_i 86¼- 91% 90 - 96¾ 93}s--106¼ 94¼-101½ 88½- 95 89¾- 95½ 93¾-100¾ 92 - 99¾ 6½- 98½ Pitts . F. \,Vayne & Chic. 97 -104¾ 99¼-103 99½-103½ 99 -105 104 -116 109¼-116¾ 106)4-110¾ 105 -110¾ 107 -111¾ 108¾-117¾ 105¼-113¼ 109 -114 R e n . & S arato ga ..... .... 80¼- 80¾ 80¾- 83¾ 82 - 84¾ 84 - 86 86¾- 89½ 90 - 95-¾ 95¾- 95¾. .. . - . . . . 98 - 93 R ome W a t. & Og de n .... ... . - . .. . 117 -117 117 -117 .. .. . 118 -118 110 -110 .... 114 -114 .... - ... . 114 -114 . 113 -115 St. L . A . & T . Hau te.... 50 - 54¼ 50 - 51¾ 41 - <l9½ 40 - 45 43 - 49½ 48 - 48 40 - 4.6 . .. . - . . . . 43 - 46½ 40 - 45 40 - 41 . . .. - . .. . P1•ef. . . . . . . . . . . .. . . . . . .. . . . . 70 - 75½ 72 - 74 69 - 73¾ 68 - 68 66 - 73¾ 67 - 68-¾ 66 - 68 . . . . - . . . . 63½- 65¾ . . . . - . . . . 60 - 62 60¾- 65 S eco n d A ven ue . ...... .. ... . . .. - . . . . 45 - 45 . . . . . . . . 40 - 46½ ... . Sixth A v e nue .............. 120 -120 ... . 83 - 83 85 - 85 Ston'gto n (N . Y .P . & B , ). 84 - 84 ... . 90 - 90 92 - 92 .... 80-80 80 -80 80-8.1 Third Avenue ... ... .. . . . .. .. .. - . . . 180 -180 Toledo ,v. & Western . . 42½- 47 58½- 67 54 - 62 45 - 47¾ 46½- 55% 46 - 52 49 - 52 46 - 51½ 48¼- 54½ 49 - 53¾ 53¼- 64 70 - 73¾ 70 Pref. . . . . . .. . . . . . . . . . . .. . 73:)4- 78 64 - 6'7 68 - 74% 70 - 74 70½- 72 69 - 69 69 - 69 69 - 73% 73 - 73 73¼- 78 COA L . American .. . . .. ........ . Central.. ........ .. . . . . .. .. Cumbe1·laud... ........... . . D e l. & H n d. Canal .. ... . Penns ylvania ... . ....... . ..  49 -· 50 40 - 40 32½- 38¾ 147 -148½ 173 -178  GAS . Citi zens' ......... . ........ . 132 -135 lllanhatta n ......... ........ . .. M e tropolitan ........ . . .... 141 - 141  52 - 53 41 - 46 33 - 37½ 145½-150 180 -180  45 - 45 48 - 48 46 - 48 40 - 40 30½- 35¾ 29 - 33 147 -152½ 155½-160 .... - ...... . . -  140 -140  140 -140  ... .  43-43 - .... 50-50 33 - 35½ 33.!4- 35¾ 156½-165 133 -163½ - ....  43 -45 .. .. 33 - 35 130 -141 210 -210  29 - 31 119½ 131 200 -200  29¾- 35 33 - 36 34 - 41 36 127 - 181 128 -130¼ 127 -133½ 130 . . . . - .. . . 210 -220 220 -220 . . . . -  . ... 144 -144 - . .. . 210 -210  -  . .. 225 -225  230 -230  225 -225  230 -230  lU I N l :NG. 3½- 5½ 5 - 8¼ 6 - 6¼ Maripos a, gold ............ 8¾- 8¾ 7 - 8½ 6 - 6½ 6 - 6½ 5 6 3 5 4 4 Pref. .. . .. . . ...._.. .. . . .... . . 13½- 15½ 10 - 14¼ 10 - 11 8 - 12% 13¼- 24¾ 18½- 22¼ 9 - 12¼ 9¾- 11¾ 6¾- 8¾ 8½- 9½ 7 - 7 20 - 22½ 20)4- 23½ 21¾- 27¾ 20 - 25 Quicks ilver .. . . .. . . . . . . . . . . 21 - 27½ 23 - 25 20¾-- 23 23 - 28½ 27½- 32!,4 22¾- 29¼ 19%- 24 LAND AND D IP. Boston Wate1· P ower . .. Brnns ,vick Land . . .. . .... Canton Improve m e nt ... Cary Improve m ent .. . . . . .  19 - 23¾ 20 ·· 21½ 19¾- 20½ 19 - 21¾ 20¼- 21¾ 17½- 23 16 - 17 15½- 17¾ 15 - 15½ 15½- 18¼ 4 - 9 8½- 10¼ 8½- 8.½ 'i½- 7½ 9 - 12~6 48¾- 60¾ 56)4- 64¾ 45 - 64½ 45 - 49¾ 49 - 52 49 - 51% 45 - 49 45½- 48 46 - 49--¼ 47 - 51½ . . . . - . . . . . . .. - . . . . . . . . 8½- 8½ . . .. 10 - 11½ 10¾- 11¼ ....  .... -  TELEGRAPH . Weste1·n U nion ............ 36¾- 39½ 33¼- 37  33¼- 36½ 341./2- 38¾ 36¾- 38¼ 33%- 38¾ 33¾- 35½ 33 - 35  STEAMSHIP. Atlantic Mail . . . . ...... . ... 95½-115 95¾- 99 85¾- 99¾ 28 - 87½ 31¼- 35 Pacific Mail.. . .. . ....... . .. 1()6¾-115¾ 108 - 114¼ 102½-1 ll¾ 86 -104 00½- 97 Union Navigation .. . .. ... .. .. - ... . .... - .. . . 18n- 26½ 20¼- 30 20 - 26  33¾- 37¼ 33·  30 - 30 28 - 29¾ 15 - 19-% 20 - 21 21 - 21 95 - 103¼ 97½-101¼ 98¾-104½ 101¼-113½ 110 - 130¼ 112½-124½ 111½-120¾ 23,t- 26½ 26¾- 29½ 27 - 27½ .. .. -  • Previgua to tbe montb of Octo~er \ hi1 roa d wa 1 k.nowu a a the Clevelan d Paiue1ville   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  34 - 34¾ 34 - 38  -- --l·· -- -  &i;  A shtabula Ra.iiro11.d,  RAILROAD .AND MISOELL.AN.EO US STOOKS. 1868-Concloded·. JANUARY FEl:llt'RY.  - - - - - - MARCH. Low. High Low. High Low. High -------  STOCKS.  ~EXPRE:-S:-S. AdaJn!j ....................... American ......... ... ..... .. l't[erchaut!j' Union ........ United 8tate!j .............. ,veils, Far::o & Co ......  76 73 36 74½44½-  I  :.\!AY.  APRIL.  JUXE.  I  JULY.  AUGUST. 8EPT'BER. OCTOBER. NOV'BER. DEC'BER  Low. High Low. High Low.High Low.High Low.High Low.High Low.High Low.High Low.Righ  -------- ----  80½ 71%- 77 70 - 76½ 52 77½ (j(j - 73h 67 - 70½ 49 39}:i so - 36¼ 32¾- 35~ 25 80¼ 71 - 76!4 69½- 73},i 45:½35 - 41 49)'<1 40 - 45 26 -  i6½ 56½- 63 69~-! 35 7l¼ 35½  53 28 55¼22 -  61 81¾ 61½ 27 j  51¾42½24 45 23¾-  58 54½ 29 56 28  48 46 - 58 51¾- 54 44¼- 48½ 40 - 45½ 41½28 - 25 18½- 24¾ 21½45-¼- 49½ 41 - 46¼ 41 24¾- 27¾ 24¾- 27¾ 25½-  52¾ 51 25¼ 51 31½  49¾45½21 47 28¾-  52½ 49 23¾ 50 31%  46 - 50 41 - 49 18¾- 21¾ 44½- 50 25 - 29½  48 42 14½45 25 -  50 46 1 46 26  1869. JA:N'UARY l<'EBR'RY.  STOCKS,  MARCH.  MAY,  APRIL.  JUNE.  JULY.  AUGUST. SEPT'BER. OCTOBER. NOV'BER. DEC'BER.  Hi!!h. Low High. Low High. Low High. Low High. Low High. Low High. Low High. Low High. Low High. Low High. Low High. Low  RAILROAD, 26¾- 25 29 - 25 82 - 30 40 - 38 .... - .... 86 - 83 .... 40 - 88 39¾- 36 38 - 35 41¾- 39 Alton & T. Haute........ 42¾- 39 57 - 57 58 - 58 60 - 56 59 - 54 60½- 59¾ 59 - 58 63 - 5tl 67½- 65}.; I 72¾- 63 68½- 65½ 6~ - 6~ Pref........ . .. .. .. .. .. .. . .. 69½- 63 10 - 7¼ 9% 11 17 18 .... .... ....... .... 25¾ 25¾BostonH.&Erie ......... 28 - 27 Chicaa-o & Alton .......... 151 -147 161 -152 159 -149½ 162 -149 161 -156 162 -152) l66 -158 168 -153 154,4-185 146 -185¼ 152 -145 146½-141 Pref........ .............. .. 150 -148 160 -153 156½-154 161½-150 161 -159½ 160 -159 106 -159 162½-155 1;;6 -135 147 -186½ 149¾-146½ 145¼-140 Chic. Bur. & Quincy ..... 200 -185 190 -187 174½-172 175 -172 190 -180 199 -190 191 -188 200 -11:l8½ 170 -160 165 -159½ 155 -147 151 -147¾ 84].!- 82 83¼- 81 87¾- 83 94 - 85 93¾- 7~ 83 - 78¾ 92}4- 88¾ 867-(- 63 78¼- 69¾ 75%- 65¾ 76¼- ~.f Chic. & Northwestem .. 84~.i- 81 85¼- 83¼ 89 - 83¾ 90¾- 80'i/4 02%- 89¾ 98½- 91½ 100.}fr- 96¾ 105¼- 93¾ ~cl:- 93¾ 101 - 93¾ 95 - 70 Pref........ ................ 92 - 83},. 92¾- 90 Chic. & R. Island ........ 185¾-117¼ 132 -126¼ 131 -1~ 139 -128 138¼-125 128 -115 118%-118¾ 118¾-114J,O15,½i-102 no -103¾ 106¾-102¾ 108½-101¼ 28 - 21¼ 28 - 19 34 - 24~4' 26½- 22 87 - ss 30,½i- 86 Col. Chic. & Ind. C....... 59 - 43½ 50 - 45¾ 46 - 42),( ;19 - 88½ 47 - 41½ 48¾- 89 84 - 79 Cleve. & Pittsbura .. ..... 98½- 82¾ 9.1 - 89¾ 89¼- 87 94 - 86½ 99¾- 92 108½- 91¾ 109¾-102 108,½i-104 112 - 82 104 - 86½ 86 - 79 Cleve. & Toledo .......... 107 -100¾ 106¾-103¼ 107%--107}4 97 - 96¾ ... - ........ - ........ - 73½ 75 74½ 78 78¾ 78 73 79 82 - 73½ 76 - 72 79 - 64¾ 75.½i- 68½ 75.½i- 78 7! - 68½ 60 - 62 Clev. Col. Cin. & Ind .... 75 - 78 Del. La.ck. & Western .. 120½-119 119½-115 117½-113¾ 116 -113 119¼-115 119 -113 113 -110 113 -111½ 113 -105¼ 111 -109 111 -104¼ 108 -105¼ Dubuque & S. City ....... 97 - 9! 107 -103 115¼-107 116 -114¾ 116-,.£-110 109 -105 105 -102 113 -104½ 111 -104 no -108 109 -108 112 -107~ Pref........ ................. .. . - ........ - ... . 101 -101 34¾- 29¼ 80 - 27 27½- 21 42 - 27 Erie............ .. . . . . . . . . .. . . 40½- 38 38 - 38 .... 53 - 42 46 - 89 .. .. 71 - 57½ 59½- 54 Pref.. . ... .. . .. .. .. .. .. .. .. . 6-1 - 61½ .... 141,½i-129 136 -126 149½-129½ -123 160 -160 167 1683/4-142¾ -142 157 -146¾ 152 -135 150 -134½ 137 -137 140 142¼-125 ...................... Harlem Han. & St.Joseph ........ 110 - 90 122 -100 119 -108 119 -114 120 -114½ 139 -117¾ 188 -115 181 -122 125 - 92 112 -105½ 108½-107 109 -104¾ Pref............ ............ 110 - 91~.! 118 -108 115 -110 114 -112 119½-112½ 134 -118 130 -ll9 128½-120 123 - 97 lll -108 109 -106 109 -104½ Hudson Rive1· ....... ...... 187¾-130 138}.{-135 140½-135-J.4 156 -138 164½-152 166½-153¼ 194 -159¾ 188¾-179¼ 186%-134 174½-156½ 172¾-154 Illinois Central.. ......... 144½-189 14C> -138¾ 141 -130 145¾-139 148 -145 147 -148 146 -140¾ 142 -139½ 13\J -134 139 -132 140 -131 134 -130 92½- 92½ .... - ...... .. 90 - 96 .... 95 - 95 06 - 96 95 - 95 Joliet & Chicago ......... 92 - 92 .. .. - . . .. .. .. - .. .. 52½- 52½ 50 - 50 .. .. - .. .. 50 - 50 46 - 46 47 - 45 Lona- Island...... .. . . .. .. 46 - 45 Lake Shore ................ 103 - 99 105¾-101½ 107¼-105 106-:¼;- 97 117 -103 117 -107¾ .... - ... . 109¾-104¾ 106½- 76½ 94¾- 81¼ 91¾- 86¼ 87,4- 83½ L. Sh. & Mich. S .......... .... :-:o - 18 21 - 18¼ 21½- 20 20 - 20 22 - 22 23 - 23 23½- 20),{ 23 - 21 :::23¾- 23 28 - 23½ 24 - 23 Mar. & Cin., 1st p1•ef.. .. .... 8¼- 8 8--¼- 8¾ 9½- 9½ 9 - o 8¾- 8½ 8½- 8½ 9 - 8 A½- 8 2d pref................... . 0 - 9 ltlichia-an Centra1.. ...... 1121 -114 120 -117½ 118½-117½ 182 -118¼ 129½-126 136½-128 136-;}.!-127½ 182¾-128 131 -116 124 -119 121 -119½ 124½-117 Mich. S. & N. Ind....... . 96 - 87¼ 977.{- 93¼ 9',:)fr- 94¾ 103¾-- 95¾ 118¾-105 110 -107¾ .... - .. .. .. . - ........ - ... . 70 - 65¾ 71 - 6~~ 74¾- 66¾ 80¾- 61 84¼- 78 67 - 64½ 71¾- 64½ 81 - 71¼ 7911- 75½ 80 - 70½ 78¾- 73 Mil. & St.Paul ........... . 77½- 68 83¼- 79¾ 84¾- 78½ 87¾- 81½ 91 - 81½ 89¼- 84% 92¾-- 86¾ 89¼- 75 PJ.·ef............ .... .. .. . .. . 96:i{- 87½ 81¾- 77 80¾- 76 88 - 80 191¼- 85 88¾- 85 90 -_87¾ 89½- 87½ 88½- 87½ 88½- 86½ 88 - 87 93½- 89 88 - 86¼ 89½- 87¾ 91 - 90 Morris & Essex ........... 87½- 85½ 87 - 86 Ne,v Haven & Hart ..... .... - ........ - ... ..... - ........ - .... 210 -210 .... - ........ - .. .... .. - ... . 232 -232 New Jersey ................ 130 -128 130 -129½ 129 -129 126 -12-! 1127 -127 133 -130 .... - .... 123 -123 123½-120 120 -117½ 120 -120 119½-119½ 94¾- 85¾ New Jersey Cent1·al ..... 116½-112¾ 114 -110 112 -108¼ 112 -108 121 -111 122½-108 104½- 97 109¼-102 107)4- 97 102 - 94½ 98¾- 88 NewY01·k Central.. ..... 166¾-154¾ 165.¼-lC0 164½-155,½i 175¾-159¼ jl94½-172¾ 197¼-183 217%-189¾ 212~~-197 206¾-153 195 -171¾ 192¾-169¾ .... - ... ~ 92¾87 96 .... N. Y. C. &Bud.con .......... 83¾- 74 84¾- 77 Scrip ....................... .... New Yo1·k & N. Haven. 100 -139 151 -143 . ... - .... 121 -120 140 -130 140 -135 131 -125½ 145 -182½ 140 -185 140 -125 141 -138½ 140 -140 - .... 125 -120 125 -124½ 128 -124 140 -128 130 -180 181 -180 141 -182 140 -137 Scrip .... ......... .......... .... Norwich & Worcester .. 100 - 95 105 - 98 105¼-100 104 -100 105 -104 105 -105 105 -104¾ 112 -112 112 -112 .... - .... 108 -108 .... - .... ...• 75 75 77 Oil Creek & Allegheny. 77 = 32 33 - 31½ 32¼- 81% 32¾-- 24 28¼- 26 277,,t;- 24½ 26¾- 22½ 32¼ · = Ohio & Mississippi...... 89 : 32% SSJ:!= 83 ,69 - 69 .... - ........ - ........ - .. .. 70 - 70 'i9¾- 76½ 70 - 70 76 - 75 Pref........ .. ... .. .. ... . .. 77 - 77 77 - 'i57~ 'i6 - 'i5 Panama . .................... 348 -340 340 -332 335 -380 330 -825 325 -300 800 -295 285 -270 270 -230 251 -240 240 -200 207¾-203 205 -163 Pitts. Ft. W. & Chic ..... 124%-112:):! 123 -117½ 1253:!-117 130 -123 159¼-140 159 -152½ 157¾-150 154¾-151½ .... 89½- 85¾ 90 - 83½ . .. . - .. .. 85¾- 83¾ 88 - 65 Guar... .................... .. .. - .. .. .. .. 99¾- 95¾ 101¾- 97¾ 97 - 93 97¾- Ill 101¾- 95 100¾- 96½ 99¾- 92~ 98 - 95¾ 97¾- 91 96½- 91¾ 92Ys- 91 Reading... . ... .... .. . .. ..... 98¼'.- 93 - .. .. 100¾-100)4 110 -105 .... - .... ~05 -105 .... - .... - ........ - .... 111¾-111½ .... - .... 125 -120 125 -125 Rome \V. & Oi.rdens..... Stonin2"ton....... .. .. .. .. . . 80 - 80 82 - 82 .... - .... 83 - 83 .... - ........ - .... ........ - .... 185 -185 197½-19~ .... - ........ - ... . Thh·d Avenue ............. .... 57¼- 49¼ 63J4- 55 67 - 55 83¼- 50 77!},4- 66¾ 77 - 71½ 88 - 74 Toi. W. & '\Vestern. .. . . . 67 - 59½ OS - 63)-!il 68 - 66¾ 78¾- 63¾ 78½- 72 72 - 72 80 - 76¼ 75 - 75 83 - 80 87¾- 74 86 - 76 82 - 80 80 - 77}~ 82¾- 7fJ 70 - 78 Pref.......... .. .. .. . .. .. .. . 78 - 73 77h- 'i7  ii 32 ·· ·M¼=  COAL. Ame1'ican ................... 48 Central...................... 61 Cumbe1:Iand ....... . . . . . . . . 39 Del, &Hud. Canal.. ..... 132 Penm1ylvania .. ............ 222 Spring lllountain ......... 40  - 48 - 50 - 37 -125½ -213 - 4.0  6.3 - 60 3..'l¾- 36 129 -125 50 - 50  . . : : ••1:::: - ....  ::::::,~;:S:  lllanhattan ..... ---- -..... -- 230 -230 .lUIXIXG. llla1•iposa, gold.... Pref.. .. -...... ----...... -.. 1st 1>ref.................. Quicksilver. --... -...... -.. LA.N'D AXD DIP. Boston Water Power .. . Brunswick City Land .. . Canton Improvement .. .  8½- 6 25¼'.- 20 26 - 2'.2  6:J 37 129 217 ....  - 62.½ - 37 -127 -212½ - •...  28 -  36½= 32½ ·;;,:  40 - 40 62Yr 62).<,i 35 - 30 130 -125½ .... 44 - 4.-!  2B . . -  230 =250 .. 1::::  .. .. 66 - 66 36 - 30 134 -130  - 33 4.1  .... 230 -23u  30 - 33),._. 33½- 30 134 -130 131 -127 225 -225 66 - 45 -  ...  250 -250  62 - 55  65 - tl5  160  1,0 -1,0  11Hl  I  85¾- 33 128 -126  = ...  40 - 40 (10 - 60 313,<j- 28 126 -122  65 - 60  -1-- --  9 - 8¼ 8 9%- 8 23 - 18-,h 24¼- 18},i 24½- 7 10½- 8 8 197~- 13 11¼- 8 16 - 10¼ 19 -- 12¼ 18 - 16 53 - 52,½i 50¾- 14 I 17 - · l 5 32t,i- 24}4 83 - 31¾ 44¾- 34 83 - 81½ .... 15¾- 12 15 - 12 16¼- 15½ 16 - 14 18½- 14 21½- 14 25¼- 22),<~ 25-¼- 19½ 22¾- 20  TELEGRAPH. Weste1·n Union .. . ........ . 39.½i- SS½ 30 STEA.l\'ISHIP. Atlantic Mail. ............ . 22 - 21 Pacific Mail .... •••• •• •• • •• I 123%-117¾ 120 I EXPRESS. 69½Adams ..... .... . .... ......... , 60 - -18 50¼Amer. ltler, C'uiou ........ 1 45 - 38 Merchants' Union ........ 18¼- 12½ 20.½United States ........... .. 59 - 48 81),-.. Welb1, Fari'O &Co ...... 30¾- 23  36,¼ 38½- 36¼ 43¾- 39  44¾-- 42  48¼- 38  39 - 36  39 - 37  20 - 20 22 - 22 97% 101½- 88¼ 95.½i- 89¾ -95% 80¼ 93)4- 80½ 92¾- 81¾ 87 - 79  I-   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  26½- 24 29 - 26½ 28 - 26 124 -120 122 -120 121 -1 20 250 -220 .... - .... 235 -235  WO -1,0  16 - 13¼ 16 - 15¾ 18¾- 16 17),.j- 16 17 - 167-.( 15),<,i- 15½ 15 - 13¼ 16 - 13 17½- 16 10 - 9¼ 10 - 9¾ 9¾- 9¼ 9½- 9.½ 9 - 8¾ 11 - 8½ 11 - 11 8½- 8½ 56 - 50 58¾- 58 62~4- 60 62 - 4.9½ 63½- 60 63 - 59 61.½- 59 65¼- 62¾ 68 - 62  1  40 - 40  53 ss 16  64 - 58 43 - 39½ 17.½- 15 56¾- 54 SO½ 32 - 30  63 42 16 68 37½-  58¾ 39¾ 15 56 30¾  62 - 59 41 -88½ 16 - 14½ 68 - tl3 36¾- 31½  63½44¾15½i8 32¾-  58 39 14 66 29½  62 43½6 75 31¾-  87¼- 85  8-7¼ 8-8 16¼- 15¾ 16J4- 14.¾ 15½- 13¼  14¼- 13 9½- 9½ 9 54 - 50 52.½37 - 36  13¾- 13¼ 9  8½- 8½  50¾  51 - 48½  36%- 34¼ 85,¼- 82  29½- 29½ .. .. 80¾- 59½ 69½- 56¼ 63 - 51  57½- 49¼ 58½- 52½ 50 - -55 58½ 59½- 56 36¾- 82 36 - so 42¾- 36¼ 38 - 30  39¾ 6 69½ 21½  11½- 11 11 - JO 69½- 62½ 63 - 50 22 - 18,½i 19 - 16  18¾- 12½  53¼- 42  63¼42 9¼60 - 41}¾ 58¼- 51.½ 52½20½- 16¾ 22 26½- 17  50 85 9½  48¼ 16  68  RAILROAD ANJJ MISCELLANEOUS STOOKS. 1870. JULY. MAY. APRIL. ---- ,_____ ,____ -JUNE. - - - - - --  AUGUST. ~EPT'BER. OCTOBER. Nov'BER.  JANUARY FEBR'RY. MARCIi.  ---- ----  STOCKS .  ----- -----  DEC'Bl!IR.  _ _ _ _ _ _ _ _ _ _ High. Low High. Low High. Low High. Low High. Low High. Low High. Low High . Low :1ligh. Low High. Low High. Low High. Low  RAILROAD. Alton & Teue Haute ... 26 - 22¼ 34¾- 25½ 38 - 34 40 - 35½ 88 - 35½ 35 - 85 .... - .... 81 - 80½ 25 - 25 .... - ........ - .... 27 - 22¾ Pref. . . . . . . . . . . .. . . . . . .. .. .. 57½- 56 64 - 58½ 60 - 03 60 - 63½ 65 - 60 . .. . - . . .. . .. . - . .. . .. .. - .. .. 58½- 56 .. .. - . .. . 55 - 50½ 56 - 51 Albany & Susquehanna . .... - ........ - .. . . .. .. - . .. .. .. .. .. .. . . .. . . .. .. . ...... . - ........ - .. .. 87 - 85 . .. . - .... .. .. - . . 85 - 85 Boston H. & Erie ......... 9¼- 8¼ 1 8¼- 6¼ 7¾-- 3¼ 5¼- 3,½l 6¾-- 4 6¼- 3¾ 4 - 3¾ 3½- ~ 5¼- 3 5.½l- 4 4¼- 3 ~- 1½ Chicago & Alton ......... . 146 -143 j149 -109½ 115 -110 115¼-111 117 -113½ 111? -117 118 - 114¾ 118},i-112 118 -111¾ 115¾--112½ 117 -114¼ 116½-114 Pref............... ......... 146 - 144 [150 -110¼ 115 -109 114¾-lll 116 -113½ 118%-118½ 119 -114¼ 118 -118 115 -112¾ 116½-114 119 -117 118½-117¾ Scrip......... . . . . . . .. .. .. .. .. .. - .. .. .. .. - .... 109 -105 107 -106¼ 110½-107 114 -111¼ 114 - 108 113 -112½ 112¼-112¼ 114 -113% .... - . ....... - .. . . Chicago Bn1·. & Quincy. 153 -150 159½-154 150 -147 147 - 145½ 158 -154½ 1130 -156 162 -156 150 -150 153 -150 1511/.,-151 152¼-151 158 -152 Chic. & Northweste1•n .. 75X- 07 1 74¼- 09 74 - 69¼ 80¾- 70% 83¼- 79 85<¼- 81¾ 84 - 79H 82~4- 80 83¼- 81 82¾- 79¼ 82 - 78 81¼- 68 Pref.... ......... .. . . .. .. .. . 91)4- 82½ 901/,r 86 88½- 81¼ 92 - 82¾ ll2¼- 88¼ 92,½- 88 89:,ls- 83½! 87)4- 83¼ 89¾-- 85% 90%-- Bi¾ 91!4- 88½ 90¾- 80 Chicago & R. I s ln.nd .... 107¾-101% 128)4-118½ 120%-118 128½-118½ 126 -116¾ 122¾--115¼ 118¾-109¼ 114%-112¼ 117¾-112% 117%--109 114¼-110½ 111¼-102¾ Cleveland & Pittsbn1•g. \J2¾- 83¾ 103 - 91½ 100½- 97 107¾- 98½ 109)4-105½ 110¾--109¼ 110 -104¾ 1110 -103½ 107%--104 107¾-104 108½.-105 106 -102¾ Clev. Col. Cin. & ln<l. .... 78 - 74 75½- 73¾ 74¾- 74 79½- 74 70¾- 79 82 - 79% 88½- 78½ 80 - 78½ 80 - 79 81¼- 79% 81 - 80 82 - 80¾ Col.Chic. & Ind. Cen .... , 20½- 15),f 20)4- 18% 20¼- 17 20 - 17¾ 20 - 17~ 22½- 19½ 22 - 16¾ 18),4- 17 18½- 17 19½- 17 19¼- 17½ 19 - 16½ Del. Lack. & West ... . . .. 107 102¼ 106 -104 10-!)4-102 111 -102¾ 112½-110 111¾-104 106)4-104¼ 106)4-105 105 -100¾ 109½-104¼ 111¾-109 110¼-101¾ Dubuque & Sioux City .. 109½-106 110½-108½ ll0½-105½ 108½-106½ 108 -104 · 107½-106½ 107 -102 101)4-100 100 -100 101 -100 )100 - 95 95¾- 90 Erie ............ .... .. ........ 2;:; - 22x 28¼- 2-1¾ 26½- 24¾ 25¾- 23½ 24¾- 23¼ 25-¼- 21½ 23½- 20½ 24¾-- 21¼ 23¾- 22 23%- 22 25¾- 22 24¾- 22¾ P1•ef.... ... .. .. .. . . . .. . . . .. . 43½- 37 45½- 40 52 - 42 50 - 47½ 50 - 46 46 - 45 44½- 44½ 47 - 45 48½- 46 49¾- 45 51¼- 47¼ 48 - 47 Harlem .. .... ... . ... ... .... 140 -130 150 -138 146 -141½ 149~,!-141 148 -138 145¾-137½ 142 -129 135 -130½ 134 -130½ 136 -133 13l:. -131 134 -129 P1•ef...... . . . . . .. . . . . . .. .. . . . .. . - ... 150.½-141 144 -144 . . .. - . . .. . . .. - ... . .... - .. .. . . . . - ........ - .... 133½-133½ .... - ........ - .... · · .. - · · · · Hartford&N.Haven .. . .. . . - ... ... . ....... - .... 175 -175 .... - .... 173½-170 ... . - ....... - ........ - .. ...... - .... 165 -105 165 -165 Han. & St. Joseph ... .. . 116 -105 110 -105 107¾-105½ 113 -106¼ 119½-ll0½rl.21½-117¾ 119 -108 108½-106½ 114 -107¾ 114½-106¾ 110½-103½ 106½- 97 Pref. ....... ..... ..... ...... 115 -104 109~8-105 107)4-106¼ 112)4-106 118 -108 122 -117¼ 120¾-109½ 113½-108½ 117 -112¾ 117¾-111 120 -114¾ 114 -106½ Hudson, scrip .... ......... .... - ... . .... . . . . 95 - 95 .... - ... . .... - ........ - . . . ..... - ... . . . .. - ........ - ........ - .... • • • • - .... · · · · - · · •· Illinois Central. .. . .. ..... 142½-135 145.½-136½ 143½-137 142 - 138 143 -138 142 -139 142 - 129 136 -131 138 -135¼ 138 -135 137 - 134¾ 136 -132 Joliet & Chicago ......... .. . . - ........ - .. ... ... - . . ...... - .... 91 - 91 .... - .. ...... - .... 90¼- 90¾ 90 - 90 .... - .. .... .. - ...... ·· - ... . Lon:r Island.... .. ... . . . . . . . . . . . - . . . . . . . - . . . . . . . . - . . . . . . . . - . . . . . . . . - . . . . 62 - 62 . . . . - . . . . . . . - . . . . . . . . - . . . . 67½- 67 67½- 67½ · · · · - · • · · Lake Shore & Mich. S.. 89½- 8-! 89¾-- 84¾ 88%- 85,½l 88¾- 86½ 100%-- U6 100½- 97½ 102 - 88¾ 95½- 887/4 98¾- 91¼ 95¾-- 92¾ 93¼- 92¼ 93¾-- 9~ Mai•. & Cin., 1st p1•ef.... .... - . . . 20 - 20 19 - 1&¼ 20 - 19 19 - 18½ 20 - 19 20¼- 20 10 - 10 .... - ... . .. . . - . . . . 20 - 19 19 - 19 2d pref. . . . . . . . . . . . . . . . . . . . . . . . . - . . . . 8½- 8½ 8¼ - 8 . . . . - . . . . . . . . .... 8 - 8 .... - .... .... - .... .... - .... 8 - 8 8 - 8 • •. . - • . • Mich. Central. . . . . . . . .. . .. 118 -117 124 -118½ 121 -119 126 -119 125½-123¼ 125%--124½ 120½-118 119 -117¼ 1~0)4-118¾ 122½-120 121 -120% 121¼-116 Mil. & St. Paul ... . ...... .. 75 - 71½ 74¾- 62 63¾- 58 65%-- 58 68)4- 63½ 68¾ -65 67½- 58¼ 61%-- 58½ 64¾- 59¾ 64%-- 60% 62¼· 58¾ 60%-- 52¾ Pref. ... ... . .. . . . . . .. .. .. .. . 88 - 85¼ 89¼'.- 75 77 - 71!,s 80 - 72 83 - 77¾ 83%-- 80 82¾-- 74% 77~i- 75,½l St - 7tj 82¾- 79¾ 82 - 79¾ 82,½l-- 74¼ Morris & Essex.. ......... 87 - 84¼ 87 - 86¼ 96¼- 86¼ 95 - 89¾ 94 - 92 95 - 88½ 90½- 88 89%- 88½ 89.½- 88½ 93 - 89½ 92 - 91¾ 92 - 85¾ New Jersey .... ... . ...... . . 119 -115.½ 118½-116 118 -116 122 -117 121 -120 121 -119 120 -115 114½-114½ 115 -115 115½-114¼ 114¾-l.l4¼ 117 -117 New Jersey Central ..... 101¾- 92 104 - 97½ 104¾-101¾ 108½-101.½ 110¼-108 110¾-107¾ 109)4- 99 102¾-100¼ 107¾-101 110 -106¾ 100¾-108 1097-(-103¼ N. Y. C. & Hud. River .. 95¾- 86 98¾- 94¾ 98 - 91¼ 98¼- 91)4101¾- 96¾ 102 - 96¼ 100¾-- 90¼ 96¾-- 90½ 97 - 91½ 94¼- 91¼ 93¾-- 91¾ 92¾-- 897/4 Scl'ip ........... . .. .. .. .. ... 92%- 81 96¾-- 92¼ 95%-88½ 94¾- 88¼ 98 - 93¼ 96%- 92¼ 96¼- 85¼ 92¾- 85¾ 92¾- 87 89¼- 86¼ 88l)b- 86 88½- 83% N. Y. & N. Haven ... .. ... 138 -134½ 143 -136½ 146 -142½ 149 -143 155 - 151 159 -155 155 -145 150 -144 151 -149 157 -149 155 -154 150 -150 Scl'ip ..... ....... . ... . . .... . 185 -135 140 -135 143 -138 138 · -134 149 - 139 152½-150 146 -140 143 -140 140 -139 148 - 140 145 -148½ 144 -143 Ohio & Mississippi ...... 26¼- 23¼ 31¾- 25% 30¾-- 28¾ 35¾- 28¾ 40%- 35½ 42 - 35¼ 36¾- 33 34¾- 32¼ 35¾- 32¼ 34¼- 31½ 33¼- 31¾ 31%- 26% Pref........ . . . . . . .. . .. . . . . . 70 - 70 70 - 68¾ 71 - 70½ 74 - 70¼ 76 - 72 75¾- 75 74½- 74 . . . . - . . . . 73¼- 73 74 - 73 75 - 74½ 71½- 70 Norwich & Wo1·cester .. .. . . - . .. ..... - .. .. 108 -108 106 -106 .. . . - . .. . .... - . . . .... . - ....... . - ........ - ... . 103 -103 104½-104 105 -105 Pn.nama... ............ ...... 170 -157 175 -169½ 152 -136 153 -137 154 -140 144½-110 106 - 80 85¼· 80 87 - 76 85½- 72 78 - 70¾ 78 - 72 Pit.ts. Ft. W. & Chic ... . . 89½- 86½ 92½- 88 95¼- 92 94¼- 92¼ 95½- 03% 97%- 94¾ 96½- 92¼ 95 - 92¼ 95¾- 93 93%-- 92% 94½- 93¾ 94%-- 92¾ Reading ..................... 96 - 93¾ 98¾-- 95¾ 97½ 96,½l 104¼- 96½ 107½-100¾ 109½-106 108 - 93¾ 97¾- 94¾ 97¼- 95½ 101%-- 97¾ 102½-100¼ 104¼- 96¼ Rome Wat. & Ogdens ... 109 -108 . . . . .. . . .. . . . . .. 113 -ll3 .... - .... 120 -120 .... - .. . . .. .. - ..... .. . - .. .. 120 -120 125 -125 130 -124¾ St. Louis & Iron Mt... .. 40½- 89¾ 43 - 40½ 43¼- ~6 44½- 42% 46¼- 44¾ 49 - 46% 48%- 45 48 - 41 46¾- 45 .... - . . . . 47¾- 47 · · · · - • · • • Sixth A venue ............. . . . .. - . . . ..... - ... . .. .. - .... .... - .... 128 -128 . ... - ... .. ... - ... . . ... - ........ - .... 125 -125 .... - ...... .. - • • • • Stonington ....... ....... ....... - . .. . 86¾- 86½ .... - . .. . 87 - 87 .. .. - . . . 90 - 90 .... - .... 90 - 89¾ ... . - . . .. 92 - 92 .... - .... · •· • - .. •. Toledo Wab. & West.. .. 55¾- 50 54½- 43½ 46¾- 43½ 45½- 45 59¾- 51½ 61%- 55¾ 59 - 46½ 52¾-- 47¼ 53)4- 50¾ 55½- 51¼ 53¾- 50% 52 - 47¾ Pref. . . . . . . . . . . . . . . . . . . . . .. . 73 - 72 73 - 72 74 - 73 76 - 73½ 73 - 72 75 - 74½ . . . . - .. . . 78½- 78½ .. . . - . . . . . . .. - . .. . 75 - 74 78 - 78 Union Pacific .......... .... ... . - ........ - . .... .. . - . ....... - .. . . . ... - ..... .. . - . .. .. . .. - ....... . - . . .. 26%- 24 27½- 24 24¾- 17 18%- 9 COAL. American. .. . . .. .. . . . . . . . . . . 35 - 35 40 - 37 .. . . - . . . . .. . . - . .. . . . . . - . . . . . . . . Cumberland. .. ..... ... ..... 36½- 24½ 35.½- 32½ 81½- 28 32½- 28¾ 45 - 32¼ 40 Pennsylvania ............ .. 215 -215 230 -225 217 -217 225 -220 228 -225 225 Consolidated.. ............. . . . . - .. . . .. . . - .. . . .. . . - . . . . . . . . - .. . . 28½- 25¼ 29 Wilkesbarre ... ... .... ...... . . . - . . .. . . . . . ....... - ....... . - . . .. 65 - 65 .. .. MINING. Mariposa........ ........... P1•ef... .. . . . .. . .. .. . . .. . . .. . 1 Os certif. . . . . . . . . . . . . . . . 1st pref... . . . . . . . . . . . . . . . . . Quicksilver ...... . ... . . .... Pref.... . ..... . .. , . .. .. . . . . .  9%-- 8¾ 10¼- 9¾ 7%- 6½ 19¾- 15 22¼- 19¼ 20¼- 10 . . .. - .. .. 51 - 48¾ 52½- 45 . . . . - . . . . . . . . - . . . . 49¾- 49¾ 15.½- 13¾ 15¾- 12¾ 12¾- 8½  8 16½46¼. .. . 10!4. . .. - . . . . .. .. - . . . . . . .. - . .. . 16½-  6½ 10 43 ... 8¾ 16¼  9¼18¾49 46½10¾18 -  7½ 14 42 46½ 9 12½  LAND IMPROVEiU'NT Boston Water Power . . . 18¼- 14½ 18½- 15½ 17¾- 17¾ 17¼- 16¼ 18½- 17 Canton Co .. .. .......... .... 56½- 51½ 59¾- 56)4 66 - 58½ 73 - 64½ 73 - 69 TELEGRAPH. Western Union ........... 36 - 31% 377/4- 34  34¼- 31  - .... - 40 -225 - 26 - ....  7 17¾41 .. . . 8½.... -  7 15 40 .... 7½ ....  . .. . - . . . . ... - .... 222 -222 SO¼- 26¾ 70 - 68  ... .... .... 26½68 -  ?¼- 5½ 16 - 10 44½- 39 .. . . - . .. 7½- 4½ 12½- 9  5¾- 4% 5¾- 4% 4¾10½- 7 12 - 8 11%.... - . .. . 37 - 37 ·35 . . . . - .. . . · · · · - · · · · · · · · 5¼- 4½ 5½- 4½ 5½.... - ... . 9 - 9 .... -  .... .. . .... 26½ 68  38%- 32½ 38½- 36¼ 64½- 60¾ 65 - 62 56 - 49½ 53¼- 49½ 21 - 19½ 22 -W¼  38%63 52 21¾-  -  -  35 . . .. . . .. 25 . . .. .... 25½ . . . . . . . .....  4¼ 8 34 · .. · 5 ....  15 - 15 69½- 66  -  7¼11¾80 · ·· · 5¼.... -  .. . . . . . . 25 30 .... .... . . . . 24 .. . .....  4½  -  ...• 27 ... . 24 ...•  6 -  8¾ 11 -  6 ~  30 .... - •... · ·· · · ·· · - ·· ·· 5 5 - 5 . . . . . . . . - ....  19¼- 17% 20 - 19 68 - 64½ 70 - 68  33¾- SO½ 33¾- 31½ 35¾- 31¼ 35 - 33¼ 34¾- 33% 37¾-- 33½ 48.½- 36½ 48¼- 39½ 46¾- 42~.j;  37½ 60½ 46¼ 20  39 63½477/421 -  .... - .... .... - . ... . ... - . ... ....  MISCELLANEOUS. Del. & Hud. Canal .. . .... 125 -120 Bank'rs' & Brok'rs' As. 110 -101  . . . . 37 .. . . . . . . .. . . .. .. 26¾ 26 ........  . .. 16¼- 16% 15¼- 15¼ .... - .... .... 64½- 62 70 - 64 62 - GO 69 - 67  STEAMSHIP. Atlantic Mail...... ...... .. 27 - 23 25 - 25 .. . . - .. . . 27 - 23.½ 29¾-- 25 36¾-- 29-¼ 30½- 30 31 - 20 Pacific Mail ... ... . ......... 44¼- 38% 44¼- 38¾ 38¾- 30% 43%- 31¼ 44¾- 35¼ 45¾-- 40 44¼- 37¾ 40¾- 36 EXPRESS. Amel'ican Mer. Union . .. Ada1ns .. ..... .. .............. United States ..... , .... .. .. Wells, Fara-o & Co ....... Scrip ........ ...............  .. .. . . .. .... 26¾-.... -  37¾ 60½ 41¾ 19½  44¼- 38½ 47¾- 43  68 49¼18 - . ... 3%-  45¼69 - 63¾ 69 63 47¼43¾ 46 - 45 14 17 - 15½ 16¼2% 3¾- 2¾ 27.,fr-  .... - .... 25-25 .... - .... 24-24 43%- 37½ 46½- 41½ 48 - 40% 43¾- 38¾  42¾- 40¼ 44½- 42 42¾ 44 - 40 64½ 69 - 64¾ 67¼- 65¼ 677/4- 66½ 43,½l 44¼- 40 42½- 33½ 37½- 33 40½- 37 13)4 14%-- 12¾ 42¾- 18 2:}!2¾ 8¾ 3 - 2~;! 3 - 8  47 - 43¾ 46¾- 45¾ 68 - 64¼ 65% --68¾ 36½- 83,½l 35¾- 32 87 - 33¾ 34 - 80¾ 2¾- 2¾ 2¾- 2  122 -119½ 120 -115½ 124½-116½ 124½-122¾ 125 -123 127 -119 121½-118½ 123 -121¾ 121½-118½ 122 -120 121 -119 113 -110½ 113 -112 111½-lJl.½ 110½-107 .. .. - ..... . .. - ........ - .. ...... - .. ..... . - ........ - ... . .... - ... .  18?'1. STOCKS,  I  J ANU AR y >'EBR'RY.  -------- - - -- -  MARCH. ,  APruL.  --,- -  MAY.  JlJXE.  JC'LY,  At'GCST. 8EPT'BERtCTOBER. NOV'BER. DEC'BER.  ----  High . Low High. Low High. Low High. Low High.Low High.Low High.Low High.Low High. Low High. Low High .Low High Low  RAILROAD, Alton & Terre Haute ... 38¼- 27½ 30,½l-- 25 Pref....... .......... .. ..... 58 - 56 54-54 Albany & Susquehanna. 89 - 87 88 _ 87 Atlantic & Pacific pref.. . ... - .. .. Bo&ton Hart. & Erie .... 2¾- l¾ 2¾- J½ Olaic~o & Alton ......... 116 -114 118½-11:!¾   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  33 - 29½ 33½- 30¼ 30½- 28 29 - 29 56-54 1 60-55¾ 62 - 59 56 - 56 94.½- 90 95 - 93½ 81½- ., 87 .. . - . .. 36,½- 36½ 37¼- 36 87 - 36 2¼- l ½ 2,½l-- 1¾ 4 - 2 3½- 2~b 119½-113 120,½l--118 lll)§t-118½ 120 -119,~  I,, .  ----  25 - 25  60 - 57½ 61  . .. . 93 - 93 35 - 35 3¾-- 2 128 -120  93 - &3  .. ..  -  .. .  27 - 27 . .. . - . 26 - 25 18 - 18 - 61 .... - . ... 54 - 54 . - . 93½- 93½ 93½- 88½ 91½- 91½ 93½- 91  ... . ....  ........ -  0  I  .... I .... -  ....  3 _ 2% 3½- 2 2½- 2 126 -120 120 -11~! 119½-112  ...  ... - .... .... - . ...  3¼- 2 S¼- 2:ki ll7 -1131,;{ 118 -116  RAILROAD AND MISCELLANEOUS STOCKS.  69  18?'1-Concluded. JANUARY Fl<:BR'RY.  STOCKS.  MARCH.  ~IUL. __ .  :i'\IAY.  ~NE.  JULY.  1-~UST. 8EPT'BER~  ~  NoV'BER., DEC'RBR.  High. Low High. f,ow High. Low High. Low High. Low High. Low High . Low High. Low High. Low IIigl1. Low High. Low High. Low - - - - - - - - - - - - - - - -· - - - - - - - - - - - - - - - - - - - - ·- - - - - - - - - - - ---ChicallO & Alton-Pref, 119 -115 121 -115½ 121 -116 121 -120 121 -110¾ 123½-123½ 125 -124 125 -125 122½-122 114~f-114¼ .... - .... 120½-l!O½ Chic. n. & Quincy ........ 1153 -132 135 -150 IGO -151 159 -158 158½-158 153 -150 153 -152 146 -138 140 -13-1 133 -125 129-}.{-125¼ 1129½-127½ Chic. & 1Torthweste1.•n .. 7G¾- 60¾ 78¾- r14 80 - 77:'.JJ 92¼- 80½ 87~:l'.- 83½ 86).!- 72 74 - GS¾ 'i2 - 67½ 74¼- G7% 70¼ - Gl½ G3 - 50½ 60¾-- 60¾ Pref....................... . 8G}s-- 817,{ 88¾- 81¼ 07¼- 86½ 100½- 0-!¼ OO}b- 06½ 90 - 86]'.; 02¾- 87¾ 1 92¾- 01¼ 04J.!- 80½ 91 - 83 91¼- 88}4: 92¾- 86¾ Chic. & Rock Island .... lOS½-104 100¾-106 11~)~109 115J4-llO¾ 122¼- 112¾ 130¼-107¾ 108}~106 112 -107½ 113 -107½ 110½- 04 104½- 99¾:108¼-102¾ Cleveland & Pittsburll .. 106½-104½ 109½-103¼ 118½-107¼ llS -113½ 132 -120¾ 122½-115 121%-116¼ 122¾-117¼ lZ3 -118 126½-112 129 -122¼ 120 -125¼ Cleve. Col. Cin. & Ind. . 88 - 82 SOJ;J'.- 82 & ;!- 83½ 91;1-.!- 86}~ 90 - 80J.f 8UJ4- 83 90:!J- 86 01 - 80¼1 04¾- 88 80}:i- SI 85¾-- 82¼, 90 - 86 Col. Chic. & Ind. Cent... 18¾- 17)4 18½- l 7J~ 24¼- 18'.4 24¾- 22 24;;&- 22¾ 23½- 10:h 20}4- IS 201/,r 19½ 22 'i- 10% 20~.r l~.t HJ.¾- 17½ 19½- IS½ Del. Lack. & Weste1•n .. 104;4-103¾ 103¼- 102 107¾-104½ llOJ.i-107h 110)4-108¼ 110 -104J, 109),s-105½ 109¾-108¼ lll½-109½ 110%--105¾ 110 -105½1109}ti-108¼ Dubuque & Sioux City.. OOJ-6- 80 00¼- 86½ 80 - 84 83 - 7S 88 - 85 02 - 80 90½- 90½ ' 87 - 87 88 - S7 .... - ....... - . . . . 75 - 72 E1•ie................ .. . . .. . . . . 23¼- 21½ 23¼- 21¼ 22¾- 18% 22~:;- 20 31½- 20¾ 31)4- 26 29½- 27>-1 \ 81%- 2S¾ 33 - 29¾ 32¼- ~0;1:, 31%- 2S½ 33¾- 80¾ Pref.... . .. .. . . .. .. . . .. .. . . 47J4- 40 7:i 46 - 44 46 - 4i 46 - 43 57 - 47),,i 57 - 53 58 - 57 I 60 - 58 G5 - 00 06 - GO 70 - 61 69½- 64 Harlem ......... .... ........ 133 -130¼ 131½-122½ 135 -126% 133 -l:.!7 135 -129 134}4-123 128¾-125½ 131½-128 132~,i'.-128 131½-119 124)4-118 122 -117½ Pref.... ........................ - .... 129½-120½ .. . • - . . ...... - ........ - . ... 135 -135 . . . . . . .. . ..... .. Hart. &New Ilaveu .... .... - .... - . ... IGO -10S ..._. - .... !.... - ._ ... l'i'0¼-170M .... - ........ - ........ - .... 100 -100 101 -161 Han. & St. Joseph ....... 95 - 77 89 - 82½ 96¾- S7 106 - 67½ 105½- 97 liOO¾- 79 74 - Gi½ 73¾- GS¼ 78 - 00½ 04 - 51¾160 - 50 55 - 49½ 1 Pref........................ 106>.i- 88½ 99½- 05 104¼- 95 107¾- 93½ 105¼- 98 100 - 84½ 88 - 77.½ 88 - 81 88 - 71½ 70 - 63½ 70½- 74}( G7 - 58½  -------  I  f~!r::~ci:it:::~·.·.·.·.·.·::}!~½=l:!J  ~~~  =l~ ..  ~~-~  =1~~-- 1g~½=l~~½  l~;),/:7-'~~  =!~~--  ~~-~  =1~~ ..  ~:~~ ~t:::&~1i~h·s~:: ·0:i-i- ss~~ ~~= ~~¼ 1~~¾= ~~¼ 1~;½= ~;),~ 1~~½=1~ iici¼=lOO½ iio~ 1  Scrip.. . . . .. . .. . . . . . .. .. .. .. Mar. & Cin. 1st pref..... 2d pref. . . . . . . . . . . . . . . . . . . . lllichig-an Central. ....... Mil. & St. Paul. ........... Pref........................  STEAMSIDP. Pacific Mail ............ .  107¼ ii~1os¼ iooj:;103¼ io·;¼=  . . .. -  26 - 20  30½- 25  . .. . - . .. . . .. . - . .. . 118¼-115¾ llS¼-117% 54¾- 48% 54¼- 52½ 75 - 71% 75½- 73¾  :~:~ta'!::~:~~~:::::::-~-~  New Jersey ................ Tew Jersey Central.._... ew Jersey Land Sc1·1p, JC • Jersey L' d Imp. Co.. . N. Y. Cen. & Bud. R ..... Scrip ..... .................. N. Y._ & New Haven.... Scrip .... ....... .. ... ....... Ohio & Mississippi ...... Pref.... . . . . . . . . . . . . . . . . . . . . Panama.................. . .. Pitts. Ft. W. & Chic..... Reading- ..................... Rem1.&Saratoga .... . ... RomeWat.&Olldens ... St. Louis & Iron lUt..... Toi. Wab. & \Vestern... Pref.... . . .. . . . . . . . . .. . . .. .. Union Pacific ..............  ~~½=I~~:'~~.7:"~1~-- ~~-~½=1~~  = ~~-123 -119 105½=100 80 SO  ... . - .... 95¼- 90h 01 - 86¾ 144½-144½ 136 -132 36½- 27¾ i2½- 70 73)4- 03 94½- 92½ 100¾- 97 9~ - 92 120 -123 48 - 47½ 53}fr- 48 76¼- 76¼ 24 - 11½  30 - 26 9 - 9 122¾-117½ 62½- 53¼ 80).!- 74¾  ~~~  ..  ~~-~  =1~-- ' ~~½=1~~  ooid iwv; s.3¼  - . . . . 1 . . .. - .. . . 82½- 77  30 - 20  24 - 24  22 - 22  9 - 9 9 - o 123¼-121¼ 123 -123 120 -120),,-J 12-! -120 121 -120 120¾-lHJ 120 -JU 64¾- 50% 63 - 61½ 62½- 58½ 01½- 57}4 63¼- 00¼ 64¾- 01½: 03 - 51 81 - 78½ 82¼- 81 81¾- 76 81 - 78½ 82~4- 80 84 - 80¾ 81¾- 72 1  ~~¼ ~~ ~~ -~-~¼=  ~~~:( ·~-~~ ~~~  ~!¾= :½  85¼- 81%  -~~i=~~~ -~~:= ~~~ -~~.~ 9~~~  122 -116 120 -118 58 - 53 135¼- 50½ 79%- 77¼ 80¾- 76½  :~ = = ~~--1-~·~¼= ·~-~¼- W¾ 06½- 92% 1 118:}.{-117 :18½-118 130 -126½ 120 -128 .... - ... 125 -125 [125½-125½ 124-¼-120 130 -130 132¼-132¼ 1~7¾--1~5½ 1~9¼-1~5-¼ 114¾-107½ 112 -109):t 112¾-105 74 108½-105½ 115 -lOS 114¼-100 113 -105½ 112 -110¾ ,I - ,1 ,1 - ,1 - ........ - ........ - ....... - ........ - ........ - .... 104 -104 . . . . - .... , . . . . - . . . . . . . . - . . . . . . . . - . . . . . . . .... .... .... .... - .... .... - .... .... . . . 71½- 70 72 - 71 97 - 03¼ 99}s- W¾ 103¾- 0.!¼1101 - 97¾ 99~;,- oo 97¼- 05 99:i.s- 06;,. 102¾- 01;;h 93¾- 841 :i 02¾- 80¼ 05½- 91l}.£ 93¾- 88½ 96¾- 91% 97¾- 91 95~i- 93 IJ3¼- Ul14 93 - 00~4 05½- 92J1 06Jll- 87¾ 88¼- 80 88 - 84½ 90¾- 86½ 148 -142½ 148 -147 147 -14~¼ 150 -148 l~O -1~7 1155 -155 lfS -1G3 ... - ... 135 -145 145 -145 145 -145 130 -137½ 140 -140 137 -13u 141 -139 !JO -luO 1'10 -140 140 -140 .... . . . .. - .... 138 -137 .... - .. .. 41¾- 34½ 49¾- 41¼ 55¾- 45¾ 52½- 47 48)4- 42½ 47¾- 42½ 46¾- 44¾ 47¾- 41 43%- 34¼ 43½- 37 46¾- 41 73¼- 71½ 77 - 73¼ so - 73½ 83½;- 79½ 78 - 77 78½- 77½ 79 - 78 79¾- 7S 78 - 72 77 - 75 75 - 73½ 72½- 68 75 - 70 71¾- 51 54 - 49¾ GS - 40 52 - 50 74 - G3 75 - 60 63½- 55 60 - 55 71 - 56 1 06 - 04¾ 9S - 95½ IO~ - 97½ 99¾- 99 100½- 08J:i 100½- 99 100,:{- 09 102 - 09¼ 100¼- 96 Oi¾- 93¼ 98 - 95¾ 00¼- 97¾ 103¾- 90¾ 111¾-103¼ 110¼-109½ 118¼-108%1113¼-110¾ 115½-113 116¼-112:k; 114-}.!-100 114¼-107¼ 115%-110½ .... - .... 93 - 93 .... - ·.:. ...... - ........ - .... 1 . . . . - . . . . . . ._. - ·:., .. 102½-1011,,!102 -101 .... - ........ - .... 126 -12.J 126 -126 ! .... - ...• ,116 -116 llo -lLJ .... - .... 110 -110 lJO -110 . . . . - . . . . .... 54~.!- 48¾ 62 - 54¾ 02¼- 60 01 - 00 60}S- 59 59 - 58 59½- 59 59 - 59 61 - 61 CO½- 59¾ 55½- 51~4 58¾- 54 66 - 57½ 03½- 63 64 - 36½ 61%- 57¼. 68 - 61¼ 68-½- 60 63½- 52 65 - 58}: 1 72 - 62¼ . .. - .. .. 80 - 78 81 - 80 81 - 79¾ 82 -S2 82 - S2 84 - 83 27¼- 17½ 82½- 24 35¾- 25¾ 37½ -32% 34 - 28¾ 31¼- 26 34 - 26¾ 34¼- 26¼ 2S¼- 20~-:{ 28-¾- 23½ 29¼- 26¾  -~-~= 118 -llS 107¼-103¼ SI - 81  l  .  43¼- 89½ 46%- 42~ 46¼- 42,:! 49¾- 42¾ 48¾- 44% 47¾- 40¾ 46),-.i- 42¼ 53¾- 46  58½- 49¾ 52¾- 40½ 48½- 44¾ 54¼- 46¼  TELEG.RAPH. 47¾- 44  52¼- 45¾ 59½- 51½ 61~- 57¼ 60¾- 57¾ 61 - 55¾ 59 - 55½ 62¾- 57¼ 69½- 62¾ 67 - 52¾ 69¼- 60½ 71¾- 66¼  COAL. 40 American ................... 30 Cumberland ................ 30 - 30 Consolidated .... .......... 24 - 23½ 24 Pennsylvania .. ............ ... . - .... 224 Maryland ................... .... Sprina Mountain .... ..... 40 - 40 MINING. Mariposa .................. 5¼P1•ef. ........................ 10 10s certif..... .... . ....... Quicksilver................. 11¾P1•ef. ........................ 15 -  r. . -  - 35 - 29 - 24 -221  -  ... .  47 - 29½ 36 - 34 89¾- 24 .221 -220 - . ... 47 - 43  52½- 40 35 - 33 39½- 36 223 -221 38½- 30  ....  -  65 - 51 35 - 32 48¼- 38  37½- 30 . ... 60 - 55  67 50 54 221 41 85  - 50 - 34  - 36  -221 - 30 - 63  42 - 40 43 - 35¾ 223 -223 3-1 - 30 'i4 - 70  58 - 50 41 - 41 43 - 37¾ 220 -220 30½- 30 74 - 71  5(l - 43 57 - 53 43 - •15 45¾- 40¼' 47 - 37H 220 -220 220 -220 31¼- 21¾ 33 - 30 86 - 74½ 88 - 60  48 - 45 41 - 40  44¼- 41  46¼- 42¾ 40 - 40 44 - 37  220 -217 26 20)4 27 - 22 68 - GO 65 - 65  I¼- 1 3½- 1 4¼- SJ.! .... 1➔.r 1 7 - 5¾ 6¼- 5½ 7¼- 2}4 2¾- l}f 2 - 1¾ I½- 1¼ 30 - 25 24 - 24 22 - 22 30 - 25 25 - 23 27¼- 17% 26¼- 23¼ 5 14¼- 10 15 - 10¼ 14 - 11¾ 13½- 11½ 13¼- 11 12¾- 12 13¼- 11% 18 - 13¾ 19¾- 16 21 - 19% 25¾- 21½ 26%- 20½ 32 - 24¾ 30¾- 28¾ 7½ 20 - 14½ 21 - 16 21¾- 19½ 20¼- 19 20 - 18 21 - 16  5 6¼- 5 7 - 6 7½- 6¼ 6¾- 5 8¼ 10½- 8¼ 11¾- O¼ 12%-- 9¾ 11%- 7¾  5 - 4 6 23 - 23  8¾-  EXPRESS. 67¼- 64¼ 71 - 65½ Am, lllerchants' Union .. 43¾- 42 49 - 43 United States ...... ........ 42)4- 33¼ 54 - 41¼ 42¼- 39 Wells, Fal'go & Co ...... 40¼- 35 Scrip ....................... 2¼- 2¼ 2 - I¾  74¾48 53 43¼2 -  60¾ 83 - 73¾ 82¾- 80¾ 82h57½46¾ 59¾- 47¼ 59)4- 51 56½59¾- 46½ 60 - 55 44 - 42 40 - 44½ 49 -  80}4 53 51½ 43 2¾- 2  45 40  l¾  2  -  2  2¾-  2¼  LAND IMPROVE;:tl'T. Boston Water Powe1.• ... 24 - 197~ 26 - 23½ 36 - 28½ .... - ...... .. Canton Co.................. 72 - 68 75 - 71¾ 86 - 74½ 85¼- 82¾ 85 - 82 72 83¼- 79 MISCELLANEOUS. Del. & Hud, Canal. ...... 122½-117 117 -115 Bank'rs' & Brok'rs' A'n 99¼- 99¼ 100 - 99  117 -115 1120 -116½ 124%-121 - .... .... . ... 110 -110  125 -124  82 51 54½'.53 2X-  80 52¼ 53½ 44¾ 2)4  79½- 78  123½-119  87½- 80 57¾- Gl 59½- 53¾ 60½- 57 57 - 53 59¼- 55½ 59¼- 48 52¾- 49 57.½ - 51 53 - 46 2¾- 2¾ 2¼- 2¼ 2 - 2  85 - 81¾ 88 - 84½  - . . .. 81½ -78  87¼-  84¾ 91½- 86¼  GO - 58¼ 61½- 57¾ 139 56¾ 66 - 57  57¼- 52¾ 58¼-56¼  75 - 67  72~- 69  72 - 72  120 -118¼ 124 -120¼ 123 -118 - . . . . 91 - 91  124 -118  125 -122  1872. JAXU.A.RY FEBR'RY.  0 8 ____s_T_ __c_K ___·_  MAlWH.  I  APRIL.  :\IA Y.  l  JGXE.  JULY.  At:GUST. SEPT'BER. OCTOBER.  NOV'BER. DEC'BER.  - - · High. Low High. Low High. Low Hie:h. Low High. Low lHigh. Low High. Low High. Low High. Low High. Low High. Low High. Low  l  1  Alton~~~!!'.~~i:ute .. . 25 - 22 .... - .... 28 - 25 25 - 23 Pref.. . .. . . .. . .. .. . . . . . . . . . . Gi - 53 57 - 56 66 - GO 55 - 133 Albany & Susquehanna, 03 - 92 04¼- 93 00 - 9619!½- 94½ Boston Ha1·t. & Erie.... 4¾- 3}4 4¼- 3¼ 9¼- S½ 10¼- 8¾ Chicaao & Alton .......... 123 -118 123 -117 117¾-117 120)4-117 Pref........ ................ 122 -122 125 -119¼ .... - .... 123 -121 Chic. Ilul'I. & Quincy .... 141½-128¼ 143 -136 137 -134 134 -132 Chica!lo & Northwest... 73½- GO¾ 7'T:ns- 73¼ 8-1 - 76½ 85¼- 78:1,! Pref............ .. .. .. . . . . . . 04-¼- 90½ £12¾- 00 96 - 90,¼ 97¼- l•2}i Chicaa-o & Rock lsbnd, 112¼-105¼ 112¾-110¾ 117½-111¼ 118),s-llO½ Col. Chic. & Ind. C .. ..... 23¼- 19¾ 23¼- 21 26½- 22¼ 41¾- 261-1, Cleve. & Pltt■bura- ... .... 129¾- 89½ 92¼- 90 92½- oo 03)1- 91½   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  .... - .... 122 - 22 .... - ........ - ........ - ........ - ........ - ....... . - ... . . . . . - .. . . 48 - 45 . . .. - . .. . 45 - 44 . .. . - .... · · · · - · · · · · · · · - · · · · · · · · - .. .. 94k 93½ 90 -· 94½ 92¼- 02 03 - 03 94 - U2 94 - 04 93 - 94 . . . . - ... . 11%- 7 8%- 6½ SH- 7:¾, 77,,t- O½ 7½- 6% 9¾- 7 81/,r 5½ O¾- 7% 117½-116½ 117 -115 118 -116 118 -113 113 -110 113 -109 113 -108 113 -110 121 -1~1 . ... - .... 123½-120 120 -118 115 -114¾ 115 -114 113 -113 113 -113 133 -131 180¼-129½ 131¼-131¼ 132½-127½ 135 -130 138,¼-133J4 135 -::.SO 138¼-137 80~ 72 75½- 70¼ 70¼- 72¾ 75¾- 72¼ 74%- 'iO 83}fr- 68½ 230 - 77;¾: 00 - 81½ 04¼- 92;¾ 94;4- 00¼ 91½- 00% 91¾- 89¾ 00¾- 84 90 - 8-1-)4 102 - 83¼ 02:J;!- 85¾ llf3¾-109J4 111¾-108% 112;1-.{-110;}:j 112¼-100¾ 111¼-108,-4 112%-105-)i lll¼-101 115½-109 42J!- 35 38¼- 32½ 37¼- 34¾ 36-¼- 33¼ 8'T* 34¼ 37¾- 33¼ 36¼- 26 37¼- 33¾ 93 - 01 91¾- 90¼ 02 - OO¾ 92½- oo 00¼- 87½ oo - 87 90 - 86½ 89¼- 87½  ?"'O  RAILROAIJ ANIJ-:_MISOELLANEOUS STOOKS. 1812-Concludcd. J.ANU.ARY FEBR'RY.  ,),{ARCH  APRIi..  M.AY.  JU.XE.  J U LY.  AUGUST. SEPT' BER. OCTOBER. NOV'BER. DEC'BER.  STOCK ~. Hiirb.Low High.Low High.Low High . Low High. Low High.Low High.Low High.Low High. Low High.Low High.Low High.Low  ------------· - - - - - - - - - - - -  90¾- 89 01½-- 88 91%-- 88 98 -- 90 91¾- 89 93 - 92½ 95),j-- 91 03 - 89;),J 93 -- 91 90½- 88 Cleve. Col. Cin. & Ir:d ... 1:m4- 88½ 88¾- i;s 64 -- 62 70 - 70 .... - ........ -- . . . . 60½- 60½ 70 -- 70 7,1 - 74 Dubuque & Sioux City .. . . . -- . . . . 70 - 70 96 -- 91 Del. Lack. & Weste1·u. 10(1 --103~~ 104 --102½ 11272--103 109¾--108 108¾--105 108¾--107 105½-104¾ 1047-{--103 103 ... 96½ 99¾-- f>3½ 99 -- 9-! 1 62¾-- 51"-! 67½-- 32¼ 72 - 60¾ 75:Vs- 629s 66:V., 50¾ 59¾-- 50¾ 52¾- 44½ 54 ... 47¾ 55 -- 47% 571 -- 48 33>~ 80 38½-- 30 Erie . ................ .. . .. 79 - 73 74½-- 70}:i 74 -- 71 74½-- 68½ 71¾-- 09 84>2- 7~4 80 -- 73 82 87 84¼-- 79 83,½-- 60 62 -- 02 Pref.... ......... .... .... . . · 67 -- 64 -113 119 116½--111 115½--110 --109¼ 116 -114¾ Hill"lem . .......... . . . . .... . lloh-114 117 --107½ 115 --108 130 --112 129 --119 12! --115½ 121 --11-1¾ 118 -- ....... . -- . . ...... - . . ...... - ... . 13.J --135 .... -- . . . . . . . . - .. .. 130 --130 Pref. . ... .. . ..... . ......... . .... -38 -- 30¼ 38 -- 31½. 35¾-- 28 41½-- &.'% 39¼-- 37 Han . & St . .Joseph...... . 50),.1-- 47),.~ 50,J· 37½ 47 -- 367~ 47~-1- 39½ 45 - 39¾ 41?-!-- 38 52½-- 48 56 -- 50 5-1½-- 44 01 -- 57¾ 57½-- 56 64½-- 60½ 60 - 60 67¾-- 62 Pref.................... . . . . 71½-- 04~.{ 67½-- 59½ 66½-- 53 02 - 92 -- .... 95 -- 95 03 -- 93 .Joliet & Chicago ......... 92.1,<1-- 92½ . . .. -Illinois Central.. ......... 132 --130 133 --130 133 --132 134 --133 137 --135 140 --137 138 --133 133 --183 133 --127 129 --122 128 -110 129 --125 72 72 7..1 -- 7..1 Long Island... .. .. ......... 66 -- 63 90 - 86¾ 93%-- 86¼ 95½-- 83½ 91%- 93,4 977/4-- 92J... 92¾-- 88 96:;:,,;-- 93 Lake Shore & iUich . So. 05½- 89¾ 92.1,<j-- 89½ 98},f· 91½ 987.{- 94¼ 97¾-- 9-! 93?-i-- 91½ 9~s-- 91¾ 94~s-- 92¾ .... ... Sci•ip .... . . . . . . . . . . .. . . . . . 89½- 85¼ 88;),.{- 86½ 9-1 - 88¾ 9-1¼-- 91 79 - 79 81 -- 8~1- 80 -- 80 -- .. .. 80½-- 80 Louisv.&Kashviile ..... .... -28¾- 27 27 - 26 28 ... 27½ . . . . - .... . ... -- . . . . 26½-- 25½ 27 -- 25 30 - 27 80 - 23 22 - 22 1Ua1·. & Cin. 1st 1n·ef..... ... . - . . . . 22 -- 22 - ... . .... l..1½ 14½-12 13 . . . . H:J.t- 11½ 1G - 14½ . . . . 2d pref........... . ... . ... . . . . -- . . . . . . . - . . . . 11 -- 11 l.Uichigan Central. . .. .... 118 -115 119½-117 118:J.{-113 117 --115 119 --115¼ 120 --119),.! 116½-115 117½-116¼ 115 --115 117 -115 115½--113½ 117 --114¾ 55~.!- 58 56¾-- 53¾ 56 - 53% 58¾-- 53% 57 - 51 67~.i-- 53 58 - 52 6..1 -- 56½ M7f -59¾ 6l~i- 57 lUilwaukee & St. P ~ nl .. 5!H,l- 5331 57?~ 53 70;),.!- 72¼ 7~- 75 77¼- 7-1 80½- 7-1¾ 76½- 7-1 7~4-- 77¼ 79:}s-- 78 P1·ef... .... ... ..... ........ 83 -- 'i-1:}.i 7~.r 7-1½ 82k 77¾ 82>~- 79~~ 81 - 7 42½-- 41 41;),i- 40¾ 43¼- 41H 42¾- 40 43 - 41½ 42¾-- 41 44%- 35 lUo. Kan. & Texas....... . . . -92½- 91½ 94 -- 89¼ 92½- 90 93 - 94½ 96 - 92¼ 93 -- 92½ 93 - 91½ 92 - 91 93 - 02;,~ OG - 92:J;f 93=}4- 94 1Uor1:is & Essex. . . . . . . . . 93 - 92 New .Je1·sey . ...... . ... ... . 127 -127 126½-123 12u -12tl 126½-126½ 126 --125½ ... ... .. .. 126¾-126½ 126½-126½ 127 -127 12-1 --124 -100 New .Jersey Central .. . . 113¼-108-¼ 112 -110 113½- 111 lll ¾-109¾ 110¼-108 110½-108½ 108¼-107 108 --106¾ 106,½--100 104 - 98 104 - .... 74 -- 74 77 ... 76 76 - 75 76 -- 75 76 - 70 'i"5 -- 75 N . .J.Landimp't Co .. . . 71½- 'iO½ 75 - 72 98 Scri_p .. .. ..... .. . . .. . . 107 -102 106 -106 108>4-105 106½-1()(3.lA 107 -106½ 105%-104¾ 105 -103:}.: 103¼-103 28 -- 25 27½- 20 21 -- 18 24 - 2-1 25 ... 25 28¼-- 28 23 - 23½ 32 - 25 -- . . . . 27½- 18 New .Jersey Souther11.. 96%-- 89 91¾ 96%92¼ 100¾-N. Y . C. & H. R. i.tock .. 98¾ · 94¼ 93½ 00~~ 101~.r 94-IA 101Ya- 96¾ 99¾- 96½ 98¼- 96½ 98½- 97% 99¾- 9~ 08¼- 97¾ .... 98¾- 9..1 9-1¾-- 91 9-!¾ 90¾ 94 - 92% 93· ... 89),;~ 0{};(· 91 Scrip . New York & N. Haven. 143½-142 142~4-14() 1·13 -143 146 -145 146½-145 147 -147 145 -144 146 -H6 Scrip. .... . . . . . . . . . . . . .. 135 -135 136 -136 139%--138 138 -138 140 - 140 - .... 147 --1-15 l-1-1½-1-12 142 -141 141 . . . - . .. ... - .. . ............ . .. - .... 168 - 108 164 -H>-1 N. Y . N . H. &Ha1·tford. 44¾-- 41¼ 48¾-- 42¼ 48¾-- 40 49 Ohio & iUississippi. .. . . 49J;(· 4111'. 47%- 43),,, 31;!,i- 43:}4 5Ws- 46¾ 50k 45¼ 47:}4- 43'":.,,:; 46:Vs- 45¾ 439,s-- 42 74¾- 74 75½- 74¾ 77½-- 76 73 ... 74½ 73 - 7-1½ 73½- 74½ 75¾-- 7-1 79 - 78 79 - 77 78 ... i-1 ';"5 - 73 Pref. .... . . . . . . . . . . . . . . . 7!1 - 7-1 56 - 155 60 - 5-1;),.f 60 - 58 Pacific of lUissom·i....... 78 -- 73 100 - 80 113 - 90 123½--109½ 118 - 11-1½ 123,½-113 13-1 -121 146 --125 148¾ -139½ 144 --129 135 -124 Panama.... . . . . . . . . . . . . 80 - 72 94½-- 92 U6 - 92¾ 94¾- 92 96¾-- 93 98 - 96¾ 97 - 96 98½- 96½ 98:}4- 98 99 ... 98¼ 98 - 9.:> Pitts. Ft. W. & C,, a-nar. 07½ --95)4 99}4-- 07 94¼-- 94 Special. . . . . . . . . . . . . . . . . Reading ........... .. ... .. . 11574-111:}i 115:Va-112¼ . .. . 9-1 ... 9-1 95 ·... 93 94 - 9-1 95 ... 95 100 - 98 95 - 93 9U - 99 Rome & Watertowu . .. 98 - 97½ 101%--100 . .. . 106 -106 . .. . . .. . Rens. & Saratoi;{a.. . . . . 100 -100 103 -102½ 105 -103½ .... - ... . 107 -107 97 - 92 90 - 90 98 - 94 95 - 93 77 -- 65¼ 92 ... 74¾ 100 ... f>O 103 --100 102½-101 100 -100 St. Louis & fron lU . ... . 64;),4- 59 65 - 61:i 08 - 62 69¾- 69 - . . . . 77½- 77½ 77¼- 77,-i 'i-1 - 71¼ . . . . .. . . . . 70 - 70 St. L. Ii.. C, & N, p1•ef... . . . - . . . . 97 - 95 85 - 80 Second A venue.... . ...... . 65 - 65 - . . .. 130 -130 Sixth Avenue. .... . .. . ... . . 41¼- 37½ 40),4- 36% 38¼- 37½ 37:!4-- 33½ 40 -- 35¾ 40¾- 37½ 39½-- 80¾ 38¼- 36¾ Union Pacific.... ... . ...... 39¾-- 28½ 39¾- 31¾ 41 74-- 34¾ 42 -- 37 76 - 69 73¾- 64 74¾-- 08 74½-- 08 76¾· 74¾ 761/4- 73 77 - 75 78 - 73 80 ... 73¼ 80Y,r 77 Toi. Wab. & Weste1·n .. . 76!4- 70% 76½- 73 90 -- 88½ .... P1•ef. . . . . . . . . . . . . . . . . . . . . . . . . 87½- 86 Wan·en . ... . ......... . . . . 88 -- 88 ... . ....•- ... . 25- 25 so - 80 .... 24 - 2-1 Toledo Peoria & W a1· . .  l  lUISCELLA NEOU,; . Consolidated Coal........ 42:l,4- 39 39¼- 35½ 42 - 34½ ..15 - 42 46¼- 41½ 45½- 42¾ 4.P/4- 4871f 70-70 Cumberland C, & II·ou. . 46 - 46 73-70 75-73 73 -- 75 75 -- 65 52 - 52 Ame1·ican Coal.. ...... . ... 46 - 42 42-42 48--~ 42),:!- 37½ 21 - 21 45 - 43 l.Uaryland Coa l..... .... . . 26 - 23 21 - 19 28½- 17;1.f 2.P/4-- 22 23,-J-- 21 22 -- 20 67½ ~2 GO - 50 !ilpring lUonntain Coal 62 -- 62 67 - 65 33 - 52lA . . . . New Cent1·al Coal . . . . . . . . . . Pe~nsylva~.fo Coal. .. . . .. 214 =212½1215 -215 220 -220 219 -219 217½-217 215 -215 47½-- 47½ 50 - 49~4 ....... . . . . .. • . . Wilkesbane Coal... .. .. . . 76¾-- 67),(. 7~ 4- 73¼ Pacific lllail. ....... .... .. , 59½- 539£ 60½- 5C§e 64%- 60).j" 76-;4- 61'½, Si;,!- 72 33½- 25½ 38-).1- 26 30 - 25 Atlantic lllail... .. .. . . . . .. . . .. - . . . . . . - . .. . 84¾- 79 90¼- 83½ 93 - 92 9,1, - 91¾ 102 ... 03¾ 100 - 97 Canton ...... .. . .. .. . ....... 81¾· ~6 Ht- l¾' l ½- ¾ 21,4- 1¾ 2½- 214 .... ~e{ 2 1Ua1•iposa ... .·.·.. ·.·..··. .· ·.. 3 - l~~ 3 - ¾ 4 -- 7~ 4¼- 2,-1 8¾- 2½ 3 ... 2 2½- 2 Pref. . . . . . . . ... 15 -- 13 T1·nst, 10sctf!!I. . . . .. ..... Land & lU Co ... .. . .. Quicksilver . . . . . . . . . . . . . 29¼- 25),.~ 36¾- 29½ 4..1¾- 83¼ 44,-2 -- 367~ 48:lJ- 2CP/4 -12 - 34.Je_ 4.;}7.1-- 41¾ 52:J:- 43½ 53½- 51~.1 56 - 48½ 5-1;!.!- 39 39~4- 32¼ 5-1 - 37 31¼- 30 Pref. .. . •. . . . . 77 - 71},-; 77¼-- 78% 'iG~;r 73;!-1 75-,.t- 7-1;!4 Western {;nion Tel.. ... . 7-1½- 68)4 72~;!- 08¼ 74 - 09 94 - 90;),4 O!J¼-- 92½ 99½-- 96¾, 99)-,r 96½ 08 ... OOJ,~ 98 - 07¾ Adams Exp1•ess.. . ..... ... 92;),.{- 90 801,14-- 73JA! 'iO~..-· 73¼ 75 - 73}{ 75½- 72 61µ,.{-- 61¼ 74¼- 69 Ame1•icnn lUer. Union... 6H£- 69 88½- 83 87%-- 83 75¼- G5;1:i 'i9 - 71~ 86%-- 'i6 67¼-- 03 60½ 66;!-.{United States.. . ........... 93 ... 87¼ 89 - 88 95 - 85 8578- 77 Wells, Farllo & Co..... .. 63 - 56¼ 74%-- 62% 'i8¾- 72 Del. & Hud. Canal. .... . . 124 -110~4 1207.(-119 120 --119 120½--119 120½-119½ 121;4-119% 122 --117 0;),.{- 6½ 7 ... 6½ . . . ... 6 ... 6 tl ·· 6 Brunswick City Land. - .. . . ....... 211 -210 Manhattan Gu.o;i . ... . ..... 223 -223 210 - 210 211 -;.10 . .. . Boston "\Vate:r Power .. .. .  ·.·.·.1···  43¾- 41½ 42~4- 40 80--80 80-72 48-48 19 - 15 18 - 18 50 - 50  49 - 43  46 - 41  48,t-- 47 75 - 75  60 - 65 22 - 21 25 ... 21 22 - 19 60-60 60 -60 55 ... ;:;3 48½-- 46¼ 48%- 47 - . . . . . . . . - .... 210 -210 64½-- 55  'i6h- 72~~ 76¼- 67½ 103¼-- 73J,, 9~4- 81 141)fr- 12¼ 17¾- 10 24½- 15 G5 - 89½ 107 - 93 106¾- 90;!:! 107 -101 9-1½- 91 2¾- 1¾ 2¼- 1¾ 1½- 1¾ .... 3 -- 2¾ 4¼-· 2 4%- 2 2½-- 2¼ 2J,2 - 2 17 - 17 17¼- 17 49 - 42~.1 48 - 4-! 43,-i- 40¾ 44½- 41 57¾- 52 55%- 51¼ 59 - 5-1 53>-i- 50 75¼- 69¼ 72%-- 67½ 81~.!- 69~. 80;4- 'i2 97½- 95 7~ 05¾- 88;),4 93 - 91~'< 95 - 91 71¼- 62½ 'i2 71 - 63½ 71 74-- 67 ';"-1½- 70 82 -- 79 'i9~4- 72 839~- 81'.i, 82;4- 74½ 81¾- 75 89 88 - 80 88½- 85 80~f-- 79 8872-- 67 120 - 118¼ 119 •·116½ 118 -115 117½-115¾ 120 5½-- 5½ ... .... 210 -210 210 -210 210 -205 201 --201 203½--200 48 - 47½ 55 - 55 52¾- 52:U, 49 ... 49  1  1873. STOCK:S.  J.ANU.ARY FEBR'RY.  :MARCH.)_ APRIL .  M.AY.  Ju ... · E .  JULY.  AuousT. ISEPT 'BER. OCTOBER. Nov'BEH.  D:i,:c 'BER.  High Low High . Low Hig-~owlHigh. J ,ow High. Low High. Low High. Low High. Low !i~h. Lo: High. Low High. Low High. Low  RAILROAD. 92¼- 02½ .. . 93 ... 91½ 93 - 93 .. . 95 ... 95 04½- 98¼ 95½-- 94 93 - 93 Albany& Susquehanna. 92½-- 92 ..... .... ..... ...... ........ Alton & Tc1·1·e Ilaute . . .. . - .... ... - ... . 25 - 23½ .. .. - ... . .... - ..... . . . - . ... .. . . 35 -. . -- . . . . . . . . - . . . . . . . . - . . . . . . . . -- . . . . . . . . ... . . . . . . . . - . . . . . . . . ... . . . . 39 ... ::l9 P1·ef. . . . . . . . . . . . . . . . . . . . . . . . . . . - . . . 16½-30 - 25¼ 26).{-- 16 25-)s- 19% 27~.{- 18 26 ... 22 27½- 23 SO¼- 23 Sd - 20 Atlantic & Pacific pref.. 38¼- 29 3 - 2¾ 2¾-- 2½ 2¾- l¼ 2 4¾-- 27/!l 3:>s-- 2¼ 3 - 2 Oi\s-- 2~ Boston Hart. & Erie... . 9%-- 01,,; 10k 8 94 ChicallO & Alton..... . . . 115 -112}:'. 11G -110 118 -108;,,i lll).,!-110 lll½--110¼ 110 --108 109!,i-108½ 110 -10-1¼ 104¾-100 .. .... . . . ... . . . . . . . . 99 09 98 - 08 98 ... 98 97 -- G7 97 - 97 Sc1·ip. .. . . . . . . . . . . . . . . . . . . 97 - 07 100 --100 . ....... . ......... 116 --116 119 --112)..., 114),6-112 118½-112 .. .. - .. .. 112½-112 ........... lll½-111½ .... - ........ -Pref... 93J--1Chic. Blll·. & Quincy ... . . 138½-114 120 -117),( 112½-111 111 -109 109½-107 105½-103¾ 105 ... 98¼ 106 ... 983/4 98½- 90 ..15¾04~.{- 40 81 ... 77½ 7-1 ... 70½ 71:V..- 08¼ 09},!-- 6-1 82~4-- 76 82½-- 80 Kortowest .. . 84 -- 80).._ 85 -- 80 & Chica.go 'il 81¾- 64 84 -- 80½ 83½-- 82 671A-- 84½ 85 - 81 80.J.{-- 871,,..2 88 - 83 Pref... . ....... . ...... ....... G2 - Si;,~ G4 - 89 96¼Chic. & Rock Island .... 114¾-lOOJ,~ 11-1½· 111;}4 117¾-112 11.;.¾-104).._; lll¼--107 110¼-107;),4 lll;l:(-109 11~4--108¼ 1087 -- 86 24%-31!-4- 19 32%- so 31¾- 26% 33¾- 28 ..10¼- 35½ 37¾- 29 42¾- 36 Col. Chic, & Ind. Cen... . 41}:i· 3f'7.: 48¼- 38 88 - 87¼ 89¾- 87¼ 89½- 86¼ 87 - 79}2 83½89%- 87 89½-- 88 92 - 83¾ 90¼-- 88 Cleve. & Pitts., r:ua1·... . 90½- 69 78 78 85 84 86 85 90 - 86½ 88 - 84½ 89 87 -- 82 90 -- 87 Cleve. Col. Cin. & Ind.. . 93¾· 89¾ 94¼- 00 93¼-Del. Lack. & °"''estern .. 101½- 93 103 -100 101¼-100 101¾-- 05 105 --100 106 - 96 102¾- 97¾ 102 --100½ 100¼-- 86 62 - 60 .... - ... . 55 03 -- 03 .... - ... . . ... -· ... . .. .. - ... . 58 - 34 Dubuque & Sioux City .. .... - ... . G3 - 63 G2 -- 58% 59¼- 50-¼ 53¼66¼- 62}::: 06¾- 6.1;, ! 65¾- 59 1 ( 64?i- Gl¾ 65/i- 58 Erie ...... ........ .......... . 6&):!-- 58,½, G0 1 . - 63   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  . ... .. . . . .. . 16 - 8 34%- 24¾ 20 15½- 10 10 8½-- 1½ 1 85 102¾- 99 . . . . ...... .. . 90 104 --104 96 - 94¼ 78 31¾ 57%-- 47 73½- 67½ 53 G3 100¼- 92 23 16¾ 28 86 - 79:1<£ 67 75 - 71½ 05 79½ 1041,i- 94¾ . .. 50 . . . . 35¾ 47¾- 4.2§s  86 - 85  ... . . .. . 25 12½ 1½ 85 . ... ....  zo --  ~  94½-  16 1%05 . ... 96 84% 94 81½ 50 70 54 2  16½ 73 67½ 80 55  24 80¼-  09½-  1)5¾-  50 44½ 47 -  RAILROAD AND MISCELLANEOUS STOOKS. 18':3-Concluded. STOCKS.  JAXUARY Fli:BR'RY,  MARCH,  APRIL.  JUNE.  MAY.  JULY.  AUGUST. SEPT'BER. OCTOBER.  NOV'BER. Dli:C'BER.  - - - - - - - - - - - - - - - - -----1----1----11----1-----,-----1·----  High. Low High. Low High. Low High. Low High. Low High. Low High. Low High. Low High. Low High. Low High. Low High. Low  Erie, pref.................. . 80½- 77 82 - 78 79¼- 74 75¼- 73 74 - 72 74¼- 73-)4' 73½- 72 73¼- 72 73-½- 66 70¾- 64½ 67¾- 68¾ 71 - 71 Harlem ......... ............ 122½-114½ 130½-118¾ 189¼-127 140 -120 131 -122¼ 132¾-124 184 -125 133¼-130¼ 130¼- 90 117½-100 115¼- 99'7Al 122~-115 . ....... - ........ - .... 110 -110 121 -121 . .. ... .. - .... 133 -133 . ... Pref........ .. . .. .. .. . .. . ... - ........ - .... 138 -135 ... . - .. . . . . .. Hannibal & St.Joseph. 50¾- 46 52¼- ~ 45¾- 40 45}.{- 37 42 - 35 37¾- 82 42¼- 86¾ SO½- 36 87}.(- 19 26 - 16 25 - 15 28%- 23¾ 37¾- 34 Pref. . . .. . .. . . . . .. . . .. . .. .. . 71¼- ·70 71 - 65 66 - 60 . . . . - .. . . . .. . - . .. . 54½- 54 60 - 54¼ 54¼- 52 50 - 33 35½- 24 35-¼- 21 Dllnoi11 Central. .......... 126¼-120 121 -119½ 123 -117¼ 118 -114 118 -113½ 114 -105 110½-106 100 -106 105½-103-½ 100 - 92 99 - 90 100½- 98 Scrip ........... ................ - ........ - ........ - ..... ... - ........ - ........ - ........ - .... 102 -100¼ 100 -100 98¼- 98½ 90 - 85 .... - .. .. Joliet & Chicairo ...... ....... - ........ - ........ - ........ - .... 04 - 94 .... - ........ - ........ - ........ - ........ - .... 85 - 85 .... - .. .. Lake Shore ...... ......... 97 - 91¼ 97¾- oo 96¼- 91¼ 93¾- 88½ 93 - 89% 94¼- 90¼ 96¾- 91% 95¼- 92¼ 93 - 78 79 - 57¼ 73¾- 57¼ 77¼- 70'7~ Louisville & Nashville . .... - ........ - . . . . 79 - 79 .... - ........ - . .. . . .. - ........ - .... .. .. - ........ - ........ - ........ - .. .. 53 - 50 Mar. & Ctn., 111t pref.... 28 - 27½ 20 - 26 24 - 24 . . . - . . . . 22 - 22 22 - 22 22 - 22 . . . . - . . . . 22 - 22 . . . . ·- . . . . . . . . - . . . . . . . . - ... . ~d pref.. . . . . . . . . . . . . . . . . . . . . . - . . . . . . . . - . . . . 12 - 12 . . . . - . . . . 11 - 11 11 - 11 . . . . - . . . . . . . . - . . . . 11 - 11 . . . . - . . . . . . . . - . . . . . . . . - ... . 77¼- 72 81 - 65 79 - 65 90-¾- 80 Michia-an Central ........ 110 -104 111 -107¾ 108¼-105 105 -103½ 105½-103½ 102½- 96 95½- 00½ 95½- 91 MU. & St. Paul ............ 54½- 51¼ 54½- 51¾ 60%- 52 62¼- 53 587/4- 53½ 55%- 40~ 53¾- 50¾ 53¾- 50¾ 51 - 30 35½- 22¼ 86¾- 21½ 42¾- 34¼ 43¾ 66¼- 58¼ Pref... .................... 79½- 76½ 70¼- 73½ 76½- 73 75½- 68¾ 74 - 71½ 73¼- 70¾ 74¾;- 72½ 74 - 70 707/4- 56 60 - 44 60 Mo. Kan. & Texas....... 40 - 40 40½- 38 38 - 35 36 - 85 .... - .. .. 30 - 30 .... - ........ - ........ - ........ •- .... .. .. - .. . . 4 - 4 93 - 88 91 - 83 88 - 84 92¾- 91¼ 91½- 91 95 - 90½ 92½- 01 94 - 92 91¼-- 90¼ 92 - 90 Morris & Essex...... ... .. 92 - 89¾ 91¾- 91 New Jersey ................ .... - .... 121¼-121½ . ... - .... 120 -120 .... - ........ - .... 121¾-121 123½-123½ .... - .... llf> -114 115 -115 .. .. - .. .. - 95 102 85 05 86 95 )4 01 102 103½-102½ 105¾-102 106½-105½ New Jersey Central.. ... 105¼- 99½ 106 -102 104½-103 102¼- 96 106¼-102 9 - 6 6 - 6 N.J. Southern ............. 26 - 24½ 27¾- 26-:k; SO - 26 38 - 27 85¼- SO SO - 27 28 - 26 28 - 27 23 - 22}~ 17½- 15 N. Y. C. & Hud. River .. 106¾-- 99¾ 106¼-101)4 106¼-100 102¾- 077,1i 102¼- 00¾ 1021,4-100½ 105¼-101¾ 105-¼-103½ 105¼- 89 95¼- bO¾ 92¾- 777,1i 99¾- 90% N. Y. N. H. & Hart ... .. 141 -189 142½-141 141 -189)4139 -135½ 140 -137¾ 140¼-132½ 138 -134 138 -136 136½-135½ 130 -116½ 125 -112¼ 127 -121 Ohio & Mississippi .... .. 40¾- 45½ 49¾- 44¾ 46¾- 44¼ 45¼- 40'7~ 44½- 40¾ 42 - 36¾ 41¾- 88½ 40½- 88 SO¼- 26½: 30¾- 21¼ 27 - 21½ 81½- 2~ Pref.... . .. .. .. .. .. . .. . . . . . . 75 - 73 75 - 74½ 74--¼- 73 75¼- 73½! 75½- 71 71 - 69 70 - 70 72 - 72 70 - 70 63 - 50 61 - 50 58½- 56 35 - 27½ 81¾- 28 32 - SO 45 - 45 48¾- 46 47½- 35 50 - 42 47 - 45 54 - 51¾ 50½- 49 Pacific of lUissouri....... 60½- 54 59¾- 49 Pano.mo. .................... . 130 -125 126 - 95 127½-106¾ 112¼-102½ 117¾-109 112½-108 117¾-110 116½-113 117¾- 84 100 - 80 89 - 77½ 111 - 87 Pitts. Ft. w. & c., auar. 93½- 92 9.1 - 92½ 05 - 93 98¾- 91¼1 93¾- 92½ 95 - 93¼ 93¾- 03¼ 94¼- 93½ 94¼- 9$% 90 - 81 89¾- 79½ 90 - 88¼ 90 - 90 .... - ........ - ........ - ........ - ........ - .. .. .... - ........ - .. . . 90 - oo Special............ .. .. . . .. Ren. & Saratoll'a .... ......... - . . . . ... - .... .... - ........ - .... 105 -104½ 106 -102 103 -103 104 -104 104 -100 103 - 04 99 - 95 103 - 99 88 - 87½ . . .. - ........ - ........ - .... 76 - 76 87 - 88 Rome & Watertown .... .... - ... 80 - 80 80 - 80 .... - .... 1.... - ........ - .• 57¾- 49 58 - 50 65 - 60 70 - 70 70 - 69 70 - 70 80 - 70 80 - 85 90%- 85 St. Louis & Iron llloun. 97½- 94 92½- 91½ 91 - 90 85½- 29 81 - 21 21 - 21 4.7 - 42½ 44 - 4--1 42 - 42 55 - 55 .... - . . . . 40 - 40 65 - 58 St. L. K. C. & N. pref.... 70 - 66 67¾- 66 Union Pacific.......... . . . . 89½- 34 86:V,r 33 851/,r 38¾ 34¼- 25 82¾- 25¼ 28¾- 22 29¾- 24½ 29 - 25% 27½- 16 21¾- 15¼ 26½- 14¾ S2'7k 24¾ Toledo W. & Western .. 75¾- 71½ 74%- 71¾ 74½- 71¼ 72'7/4- 67 'iO¾- 67¾ 69¼-- 64¾ 73¼- 68 73 - 67¼ 70>4- 813½ 49½- 82¾ 49¼- SS½ 55 - 45% Pref. . . . . . . . . . . . . . . . . . . . . . . . . . . . - . . . . . . . . - . . . . . . . . - . . . . . . . . - . . . . . . . . - . . . . . . . . - . . . . 85 - 85 . . . . - . . . . . . . . - . . . . . . . . - . . . . 55 - 55 71¾- 71¾ MISCELLANEOUS. \. Consolidated Coal. ...... 48~- 43 53¾- 48 57½- 51¼ 58½- 53¼ 57¼- 54½ 54%- 49½ 55¾- 54¼ 55 - 54 5474- 40 4.7 - 88 47 - 88 50¾- 46M 98 - 96 .... - ........ - .... . ... - ........ - . . . . 79 - 70 .... - ........ - ... ... .. - .. .. Cumberland C. & Iron.. 70 - 70 87 - 75 98 - 90 American Coal........ ... . 62 ·· 5-1 64½- 57 62½- 55 62½- 60 6-! - 64 62 - 60 66 - 621/. 68 - 65 66 - 66 53½- 53½ . . .. - . . . . .. .. - .. .. lllaryland Coal......... ... 24½- 20 2-!¼- 23 28 - 28 25¼- 23 25½- 23 24½- 23 24½- 22 24½- 24 24½- 15 18 - 15 15 - 18 19~- 17 Sprina Mountain Coal.. 60 - 60 .. .. - .. . . 62 - 59 60¼- 60½ 58 - 52 .. . . - . . . . .. .. - .. . . .. . . - .. . . . .. . - .. . . 40½- 40 .. .. - .. . . 40 - s~ New Central Coal ........ 1 47¾- 43½ 45 - 42¼ 46½- 44¼ ... - . . . . 55 - 42 SO - 25 .... - ........ - ........ - ........ - ........ - ........ - .. .. Pennsylvania Coal. ...... . . . . - . . . . 230 -215 230 -225 228 -225 230 -225 240 -230½ .. .. - .... 250 -250 . .. . - .... 250 -240 246 -240 250 -250 ¼- ~ 1 - 1 .... - ........ - . . . . 1 - 1 1½- 1 1 - 1 1 - 1 4½- 3½ 3 - 3 7¼- 5 Atlantic lllo.il ...... . .. ..... 13¼- 5 42 - Sl¼ 83¼- 25 37¾- 25 57¾- 89~-1 411/,r Sf>¾ 40 - 34½ 45½- 86¾ 44¾- 31 Pacific Mo.ii ................ 75¼- 69¼ 76¼- 55½ 62 - 49 61¼- 53 Canton ............ .......... 102½-100¼ 102 -100 102)4- 93½ 92½- 90 110 - 93½ 101 - 99 104 - 99½ 102 - 98 99 - 70 80 - 55 60 - 55 70 - 57 Cent. N. J. L. Imp. Co ... 72 - 72 .... - ..... ... - ... . 58 - 58 58 - 58 70 - 60 .... - .... 66 - 60 65 - 63 .... - ........ - ... . 60 - 60 . . . . - . . . . . . . . - . . . . . . . . - . . . . . . . . - . . . . . . . . - . . . . . . . . - ... . ¼- ½ . . . . - . . . . . . . . - . . . . . . . . Mariposa. . . . . . . . . . . . . . . . . . 1 - ½ ½- ½ .... - ........ - . . . 20 - 20 .... - ... . ½ .... - . . . . 1 1¼- 1\.1 1 - 1 1¼- 1 2 - 1 Pret. .. .. .. . .. .. .. .. .. . .. .. 2¾- 2 10 - 7¾ 9¼- 4 7½- 5 10½- 10½1.... - . . .. 8 - 8 L. & lll. Co ............... 25 - 16½ 22}~ 15¾ 16?.!- 14¾ 14½- 13 15 - 12¼ 11:V,r 10 L. & ltl. Co. pref. . . . . . . . 32 - 27),-1 30 - 30 . . . . - . . . . . . . . - . . . . 81 - 27 . . . . - . . . . . . . - . . . . . . . - . . . . . . . . - . . . . . . . - . . . . . . . . _ . . . . . . . . - .... 29½- 20 28 - 20 23½- 20 85½- 18 89 - 3S 39¼- 37 41½- 88 Quicksilver....... . . . .. . .. 46½- 43½ 40J.!- 48½ 45 - 40 40¼- 88 41 - 36 84¾- ss 28 - 25 27 - 27 50¾- 40¾ 48 - 48 .... - .... 45 - SO 50 - 47 50¼- 50 Pref...... .. . .. . ........... . 56}.!- 53 57 - 55 54 - 50 75 - 66¼ 43¼ 68¾4.5 73½54¼ 92¾877/4 93¼84)4 Western Union Tel.. .... 85½- 78'".¼j 94½- 83½ 90¼- 83 87½- 77% 88Y.r 84 8(%- 81¼ 9372 Adams Express ........... 100¼- 9-1¾ 00>;{- 94~ 95½- 94 95%- 92}.. 90 - 93 94¼- 91 95 - 9-1¼ 95 - 9274 92 - 84¾ 85-¾- 78 85 - 76 92 - 85 60½- 57¾ American Express ....... 70¼- 68½ 68¼- 66 69)4- 66 69 - 65½ 60 - 67 68¾- 63¼ 6-1¼- 61¼ 63½- 62 62 - 57½ 60 - 52 57 - 41 70 - 60¾ 59 - 4-1¾ 60 - 45 68¼- 51 72½- 65¾ 68 - 67 71¾- 71 76 - 72¼ 76 - 71½ 74}.!- 70 United States Express .. 82 - 75½ 78¼- 70 Wells, Far1ro & Co. Ex. 86 - 85 85¼- 85½ 85J.i- 80¼ 81 - 78 S0}4- 80 82 - 80 77 - 78 74½- 72½ 72 - 56 68 - 57 65 - 62 73 - 64 -109¾ 1J6 99 110 -100 109 -111 114 114½-112½ Del. & Hudson Canal ... 119½-115 121 -118½ 12'3 -117 115¼-112 117½-114¼ 110 -118 120 -114¼ New York Gas .... ... ......... ·· ........ - ........ - .... 140 -140 .... - ...... .. - .... us -147 .... = .... 1 . . . . - . . . . . . . . - . . . . . . . . - . . . . 182½-180 S - s .. .. .... - . .. . . .. . - . .. . S - 3 .. .. Brunswick City Land... . . .. - . .. . . .. . - . . . . .. .. - . . . . 5 - 5 .. . . - . .. . . . . - . . . . . .. . 1 lllanhattan Gas ........... 210~-210 .... - ........ - ........ - .... 210 -219 215 -215 210 -207 .... - .... 211 -211 .... - ........ - ........ - .. .. . . . . 80 - 75 80 - 80 •••• - • • • • • • • - • • • • • • • • - • • • • • • • • - •••• Bank'1·s' & Brok'rs' As. . . . . - . . . . . . . . - . . . . . . . . - . . . . . . . . - . . . . . . . . - . . . . . . . .  -----------'-----'------------------ ,JANUARY FF.BR'RY.  STOCKS.  MARCH.  APRJL.  MAY.  1  ----------------------------------------~~-  Ju:irn.  JULY.  AUGUST. ~EPT'BER. OCTOBER. NOV'BER.  DEC'BER.  - - - ---- ----- ·---- ---- ---- · - - - ---- ---High. Low Iligh. Low High.Low High.Low High.Low High.Low High.Low High.Low High. Low High.Low High.Low High.Low  ----  · -- -- - - - - ·  RAILROAD. Albany& Susquehanna. 92 - 91¼ 94½- 94 05 - 93½ 94¼- 94 94½- 94½ 97 - 98.½ 94 - 91 95 - 94¾ 95 - 95 95¼- 95 99 - 96½ .... - . ... Atlan. & Pacific pref... . 19¼- 12½ 22 - 177/4 18¾- 15¾ 16¾- 12¾ 16 - 13½ 16½- 13¾ 16¾- 13:}.! 14¼- 14 14¼- 10¼ 12¼- l.1% 18¼- 12 16¼-_ 15~ Boston Hart. & Erie ... . 8½- 2¾ 8¾- 1;4 2 - 1¾ 1%- l¼ 1¾- 1¼ 1¾- ¾ lY,r 1 l½- 1¼ 1%- 1 1¾¾ .. .. - .... . ... - . Cent. of New Jersey ... .. 101 - us 109½-103¼ 107¼-104 108½-104 107 -105 108½-106¼ 108 -105 106¼-105¼ 106¼-108 106½-108¾ 10'7¾-106 108 -106 . ... . ... - . ... .... - . ... .... .... .... - .... Central Pacific ............ 71¾- 71 78 - 72 72 - 71¾ 72 - 72 .. .. - ... . ... - .... .... - .... . ... Chicago & Alton ... ....... 110 -103 115 -106½ 106 -103 105 -102½ 103 -101 104 -100 104 -102½ 104¼- 99 100 - 98 98½- 97¾ 102¼- 987~ 105 -101½ Scrip ....................... ... . - .. . .. - . ... 97½- 97¼ 95 - 95 .... - .... .... - .... 93 - 93 93 - 98 ... - . ... 90½- 90½ .... - .... .... Pref ....................... 112 -110 115 -109½ 107¾-107 107¾-107 107 -106 10714 ·-106 .... - .... 108 -101½ 102½-101 105 -102 109 -109 .... - .... Chic. Bur. & Quincy ... .. 106 - 97 112 -105 104½-103¼ 104%-1()1 103 -102 105½-10074 1073{-103¼ 108¼-102½ 108 -101¾ 103 -100 105¼-100¾ 109 -108¾ Chic. lllil. & St. Paul ... . 40¾- 41% 48½- 48½ 46 - 39~4 44½- 34½ 37¾- 31¼ 41½- 31:}:. 80%- 82¼ 36¾- 83¾ 85½- 82 35¾- 82 &!¼- 82½ 40¾- 85¼ Pref..................... . . . 73 - 6tl½ 74¼- 60½ 70¼- 63}~ 64 - 55½ 55 - 48 60~.!- 51¾ 58 - 51½ fi4%'.- 52¾ 54 - 51~,. 53 · 50 59 - 50½ 58¾- 56 Chic. & Northwestern .. 62),;!- 57¾ 61¾- 56'4 58 - 50¼ 56¾- 43 47 - 39¾ 4-1%- 35 43%- 34¾ 89~4- 36% 41¾- 85¼ 41¾- 86¾ 46af 86% 48 - 43 Pref.................... .. . 75 - 69½ 78½- 72 74%- 69¾ 72¾- 63 66¼- 57 62½- 53 Cl~.!- 53 58 - 54% 57}4- 51 57 52 6~,4- 527,.; 62¼- 58 Chic. & Rock Island ..... 106 -1007/4 109¼-104½ 108 -103¾ 107¼- 96!}4 99:}.!- 94¾ 102½- 02½ 101½- 95½ 103¼- 98½ 104-¾- 99¼ 104¼- 9~ 101¾- 96¼ 108¾-100 Cllev Col. Cin. & Ind .... 80 - 76 89),.£- 78 81 - 75 75½- 05 67 - 64 78 - 65 75 - 7l 66 - 62 71 - 64 68 - 67 66 64 69¾- 59 Cleve. & Pitts., ,:uar .... 89½- 85½ 90 - 87 89½- 87 90¾- 86 89 ·- 87¼ 877/4- 87 88¾- 87¾ 89½- 86¾ 87¾- 87¼ 87¾- 87 89 - 87~ 88¼- 87~ (Joi. Chic. & Ind. C .. ..... 82½- 27% 82%- SO¼ 32%- 28½ 82)1;- 20 21%- 18~2 20~4- 14><.f 19¼- 15¾ 16¾- 11¾ 15 - 8 14 - 8½ 11!,s- 9¾ 10½- 8¼ Del. Lack. & Western .. 105¼- 99 112¾-105½ lll¾-107 108%-104¾ 109½-106;,, 110%-106½ 107¾-105 109 -107 110¾-108 108½-106½ 109½ 108½ 109¼-107¼ Dubuque& S. City ....... 56 - 55 65 - 65 .. .. - .... .... - .... 60 - 60 .... - .... .... - . ... .... - .... . ... - .... .... - . .. .... ... Erie .......................... 51¼- 46¾ 50¼- 46¾ 47 - 87¾ .J.O¾- 84 36g-i- 84¼ 84¾- 26¼ 83½- so 84¼- 81% 38¾- 33½ 36 - 27 29¾- 26¾ 29}:!- 26 53 - 55 61 - 61 Pref. .. ................... . 75 - 75 7-1¼- 72½ 'iO - 64¼ 65 - 56 47.!,-1- 47¼ 48½- 47½ 55 - 50 56 - 56 .... - . ... 4.5 - 48 Han. & St.Joseph ........ 84~4- 27¾ 83¼- SO½ 32½-· 29 33¼- 26 31 - 25 28½- 23],.J 27½- 25 26½- 24½ 28¼- 22½ 28¾- 23% 27¼- 24½ 27 - 24¼ 83 - 29¾ 33 - 28¾ 85%- 29:,,,1 85 - 889:! P1·ef............ ............ 48½- S'i½ 42 - 89½ 41 - 377/4 39½- 31½ 33½- 80}<; 82½- 29¾ 32¼- 31 82½- 80 Harlem ............ . ...... . 126¾-118¾ 134¾-124¾ 188 -129 129 -125½ 129 -127.!,4 129 - 125¾ 125-¼-123½ 126 -123¾ 131 -125 130 -127½ 131 -129¾ 181 -127½ Illinois Central ..... ..... 108 -100 ]08½-102¼ 105¼-108½ 104¼-101 101;2- 98 99½- 94 99 - 96½ 96½- 93-½ 92~t- 90 92¼- 90 99½- 94 101 - 97¾ .... .... - .... .... ... . . ... - . .. . .... - . ... 96 - 96 98½- 98½ 98¼- 98¼ .Joliet & Chica~o .. ....... 85 - 85 .... - .... .... - .. . .... - . ... .... Lake Shore ............ ... 84¾- 77¾ 88¾- 80¼ 82 - 76% 80¾- 7374 77%- 73~,i 77~g- 677/4 76¼- 70½ 74%- 72 81¾- 78¼ 88¾- 78¼ 82¾- 79% 81¾- 7 Louisville & Nashville. 53 - 53 59 - 59 58½- 54 .... - ... . .... - .... . ... - . ... . ... - .... . ... - .... .... - . ... .... - .... . ... - .... .... - . ... Illar. & Cin., 1st pref.... .... - ... . .... - .... ... - .... 16 - 16 . - .... .... - . ... 16 - 16 18 - 18 .... - . ... 17½- 17½ 16 - 16 .... - ... 8 - 8 .... - .... .... - .... .... - . ... .... - .... . ... 2d pref... ................ .... - .... .... - ... . .... - .... .... - . ... 10 - 10 . ... 8 8 Michi2"an Central ... .... 95½- 78 951,4- 89½ 89½- 85½ 85 - 73 77¾- 75 77½- 72 75 - 69¾ 75 - 68½ 78½- 78 77 - 72½ 78 - 78¾ 88¼- "17 - ... . .... - .... .... - . ... .... - . ... ...... .... ... 11 - 10 .... - . Mo. Kansa11 & Texa■ ... 15 - !2 16½- 15¼ 15 14½ 10 - 10   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  ...  -  - ....  0  ~  ...  ....  -  -  .... - .  -  .  ..  RAILRO.A.D AND MISCELLANEOUS STOOKS.  r,:.,w~============================-==========;__::===~=========---18,.f-Concluded. STOCKS.  -----------  JANUARY FEBR'RY. MARCH.  APRIL.  MAY.  JUNE.  JULY.  AUGUST. 8EPT'BER. OCTOBER. NoV'BER. DEC'BER.  ----------------------------------1-----  EJ:igh. Low High. Low High. Low High. Low High. Low High. Low High. Low High. Low High. Low High. Low High. Low High. Low;  ----- -  Morris & Essex ... ....... . 92)4- 89¼ 93 - 92 94 - 92% 95 - 93¾ 97 - 94½ 97¾-· 93 95¾- 93 97 - 94% 97½- 96½ 98¼- 97 98¾- 98)4 99½ -95¼ New Jersey ................ 122 -117 122 -120½ 123½-123½ 1~1½-121 124½-122¼ 124½-124½ 125 -125 .. .. - ........ - .... 128 -128 129¾-129 130 -128½ New Jersey Southern... 9 - 6 6½- 6 3¼- 3¼ .... - . . .. 7 - 4 4 - 4 ... . - ........ •· . .. . S½-· 3 .... - . . . . S - 2% .... - ... . N. Y. C, & Bud. R . ....... 104¾- 99¾ 105½-103 105¾- 99¼, 101¼- 96¾ 98%- 95% 101 - 96¼ 100%- 97% 103¼-100 104%-100¼ 102¾-100½ 102¾-101¼ 102¼-100 N. Y. N, H. & Hart ...... 130 -122 131 -129 133½-130½ 133½-132 133 -131 133 -127¾ 129½-128 130)4-129¼ 133¼-129½ 134¾-133 139½-134)4139 -132 Ohio & Mississippi...... 36 - 30½ 34¾- 31¼ 32 - 29¼ 31¾- 24¾ 26¾- 22¼ 26%- 21% 26¾- 23½ 25½- 21% 29¾- 23¼ 29¼- 26¾ 33¼- 277/4 33¾- 29¾ Pref........ . . . . . . . . . . . . . . . 65½- 60 66 - 63 .... - . . . . 55 - 48¾ 47½- 40 46 - 40 48 - 45 50 - 45 55 - 50% 55½- 54 61 - 53 64 - 62¾ Pacific of Missouri....... 40 - 29¾ 45 - 39¾ 42%- 37½ 41 - 37½ 41 - 85 42 - 40 42 - 39 40 - 37¾ 39'7/g- 38½ 38½- 36 48 - 36¾ 47½- 46½ Panama ..................... 118 -110 116¼-115 117 -111 115½-l.01 108½-103½ 111½-106½ 112 -107¼ 112%-111¾ 116 -111¾ 1141,4-110¼ 116 -114½ 116¾-114 Pitts. Ft. W.& C,, guar, 98 - 90 94½- 92 95½- 93¾ 95¼- 92½ 94¼- 98¼ 95¼- 93¾ 94 - 92 93¾- 92 93¾- 90½ 92¾- 90¼ 96½- 91% 95%- 93¼ Special... . . . . . . . . . . . . . . . . . 85½- 85½ . . . . - . . . . . . . - . . . . . . . . - . . . . . . . . - . . . . . . . . - . . . . . . . . - . . . . . . . - . . . . . . . . - . . . . . . . . - . . . . . . . . - . . . . . . . . - ... . Rens, & Saratoga ........ 104½-103 106 -104½ 109 -108 109 -109 110 -110 110½-106¾ .... - .... 108 -108 109¼-109 109½-109 112 -112 .... - ... . Rome & Wate1·town . .. . 72 - 72 75 - 73 75 - 73 .... - .... 80 - 80 80 - 80 80 - 80 .... - .... 80 - 79 .... - .... 72 - 72 77½- 77½ St, Louis Alt. & T. H... 20 - 12 16 - 14 12½- 12 11 - 11 . . .. - . . . . 10 - 10 ... . - ........ - ........ - . . . . . . . . . . . . 11 - 7 .... - ... . Pref........ . . . . . . . . . . . . . . . . 39 - 31 ~5 - 33 .... - . . . . 33 - 33 . ... •- . . . . SO - 27 25 - 25 14 - 14 27½- 25 25 - 24 26½- 26 27 - 26¼ St. L, I. M, & South..... 70 - 49½ 71½- 63 61¼- 53 54 - 28 38 - 22 28½- 24 28 - 25 15 12 1S - 10 18 - 15 26¼- 16½ 30 - 24¼ St.L,K,C,&N,p1•ef, .. 32 -29¼ 34¾-30 28½- 24¾ 25%-24 27 -20 .... - ........ - .... 22 -21 21½-20½••·· - .... 26 -20 26 -21 Stonington .................. 125 -125 .... - .... . ... - ........ - __ .. 125½-125 .... - . . . . . . . . . ....... - .. ...... - ........ - ........ - ........ - ... . Toi. Peoria & War ... ...... - ... . 4 - 4 .... ·- .... .. . • - .......• - ..... •.• -· . .. . . .. - • ...•... - . .. 2½- 2½ . ... - ........ - . ....... - ... . Toi. W. & Western ...... 55¼- 49% 54¼- 49¼ 49¼'.- 43% 46¼- 38 41½- 34¾ 391/s- 29 38½- 33¼ 37%-- 33½ 35¾- 31¾ 35¾- 28¾ 32%- 29 32¾- 18¾ Pref.... . . . . . . . . . . . . . . . . . . . . 71½- 71½ ... . - . . . . 71 - 71 ... . - ........ - . ,. . . . . . . ... .... . . .. ... . - ........ - . . . . 40 - 40 41 -· 35 38 - 30 Union Pacific .............. 35%- 30¾ 35%- 34 38¾- 31¾ ~ 30 34%- 25¾ 29¼- 23 28%-- 25 291/s- 277/4 37¾·· 28¼ 37¼- 33½ 36%-- 34 37)4- 33¾ MISCELLANEOUS. Pacific Mail................ 44¾- 38½ 44 - 41¼ 49½- 41¾ 48%-- 37¼ 45%- 40% 45%- 39½ 45 - 42 48¼- 443,4 51½- 47¼ 51)4- 44½ 45%- 43% 45¾- 33% Am. Disti·ict Tel.......... 50 - 40 62 - 50 62 - 57½ 59½- 54 52 - 48 48 - 48 . . . . . . . . . . . - . . . . . . . . - . . . . 41 - 40 40%- 39 41¼- 40 Atlantic & Pac. Tel. ..... 16½- 15½ 19¾- 16½ 17%- 16 17 - 16 19 - 15¼ 17 - 15¼ 16 - 14½ 15½- 14 17 - 15½ 19 - 14 20 - 17~_.,19¾- 18 N. Y. Gold & Stock Tel. . . . . - . . . . . . . . - . . . . . . . . - . . . . 75 - 75 . . . . - . . . . . . . . - . . . . . . . . - . . . . . . . . - . . . . . . . . - . . . . . . . - . . . . . . . . - . . . . . . . - .... Western Union Tel. ..... 80 73 78 - 72¾ 82¾- 71½ 80 - 68 75¼- 69 76 - 69 75½- 70 77¾- 73¾ 80½- 76¾ 81%-- 78¼ 81¾- 78 83¼- 78¼ American Coal............ 65 - 63 72 - 70 66 - 66 66 - 65 . . . . - . . . . . . . . . . . . 60 - 60 . . . . - . . . . 60 - 60 . . . . - . . . . . . . . - . . . . . . . . - .... Consolidation Coal...... 51 - 44 49¼- 45½ 48 - 47 46½- 43½ 43 - 39 43 - 40 44 •· 41½ 47 - 43 47½- 46½ 47½- 45 48½- 45 48 - 43¾ lllaryland Coal. ........... 23 - 20½ 24',6- 22½ . ... - ........ - .... 19 - 15 19 - 17 .... - .... 20 - 18 20 - 19 191/g- 17½ ... . - .... 20 - 19 Penn~ylvania Coal. ..... . 270 -250 285 -272½ 285 -285 ,280 -280 . . . . - .... 285 -285 . . . . - .. .. 240 -240 . . . . - .... 245 -240 245 -245 250 -243 Sprin:; Mountain Coal.. 50)4- 40 65 - 53 58 - 58 72 - 58 73½- 70 73 - 67 71),2- 70 . . . . - . . . . 68 - 66 67 - 66 75½- 70 70 - 68 Brunswick City Land... 3¼- 3)4 3¼- 3¼ .... - . . . . . . . . - ........ - ........ - .... .... - . . . . . . . . - ........ - . .. ..... - ... . .... - • ....... - ... . Canton........ . . . . . . . . . . . . . . 79 - 73½ 82¼- 72½ 77 - 77 . . . . - . . . . 69 - 55 55 - 55 . . . . - ........ - . . . . 59 - 59 51:i - 56 64 - 56 61 - 59 Cent. N. J. L. I. Co ... .... .... - .... 45 - 45 .... - ........ - ........ - .. .. 45 - 45 .... - .... 40 - 40 .... - ........ - ........ - •....•.. - . .. . Mariposa L. & Ill. Cc.... 11¾- 8 9½- 8¼ 8¼- 6½ 6 - 5 5 - 3 4~.(- 3 . . . . - . . . . 2½- 2½ . . . . - . . . . 6½- 3 6 - 4.¼ 5 - 3 Pref. . . . . . . . . . . . . . . . . . . . . . . . . . . . - . . . . . . . . - . . . . . . . . ·· . . . . . . . . - . . . . . . . . - . . . . 5 - 3 . . . . - . . . . 3½- 3½ . . . . - . . . . . . . . - . . . . . . . . - . . . . 3½- 3½ Quicksilver . .... ........... 30½- 28 35½- 30 32¼- 29½ 28 - 22¾ 26¾- 23 25 - 25 24 - 23 30¾- 25 34¾- 30¾ 34 - 29 36¼- 30 35'7/g- 32¾ Pr.e f........ . . . . . . . . . . . . . . . . 35 - 33 40½- 35¾ 38½- 35 35 - 35 35¼- 30 29 - 29 .... - . . . . 34 - 30 40)4- 33% 39¾- 34 48 - .37 4C;4 - 44 Union lU;g Co. of Tenn.. 3¾- 3 4 - S¾ 3¾- 3¾ 2¾- 2¾ . . .. - . . ...... - ......•. - ...... - ........ - ........ - ........ - ••...... - ... . Adams Ex1>ress........... 95½- 92½ 99 - 94 9~½- 96 98½- 98 109½- 99 108 -105 108 -107½ 109½-107 108 -107 116 -108 120 -115½ 116 -118¾ American Express ....... 63 - 58½ 65 - 64 65 - 62¾ 63¾- 62½ 63¼- 61½ 64 - 60½ 61 - 60½ 60¾- 60% 62 - 60¾ 62 - 60¾ 65 - 64 65½- 62 United States Express.. 71 - 68½ 73 - 70 72 - 71¾ 71¼- 66¾ 67½- 67 69 - 67 70 - 67 68¼- 67½ 67 - 60 66¼- 64¼ 65 - 63¼ 65 - 60 Wells, Fargo Express.. 70 - 69½ 78 - 75½ 78 - 76 77 - 77 76 - 75 79½- 79 80½- 73 77 - 74¾ 79 79 80 - 80 84 - 79½ 84 - 82 Del. & Bud. Canal. ...... 121 -J.18 119½-115 118¾-116½ 119 -116 117 -116 119 -IHI¾ 119½-114 114¾-118 115 --114¾ 116½-115 116½-115¾1117 -115 New York Gas ............ 135½-135½ .... - ... ·[···. - . . . . - ........ - ........ - .... 140 -140 140 -138 . .. . 137 -137 136 -136 Bankers' & Bro. Ass'n. . 80 - 80 90 - 87 . . . . - . . . . 90 - 90 . . . . - . . . . . . . . - . . . . . . . . - .... J... . - . . . . . . . . . . . . . . . . . . . . - ....  1875. STOCKS.  RAILROAD. Albany & Susquehanna. Atlnn. & Pacific pref. .. Cent, of N cw J e1.·sey .. ... Central Pacific ... ...... ... Chicago & Alton .......... §crip .............. ......... P1•cf.......... .............. C'hie, Dur. & Quincy ..... Chic. lllil. & St. Paul. ...  JANUARY FEBR'RY.  MARCH.  APRIL.  MAY.  JUNE.  JULY.  AUGUST. SEPT'BER OCTOBER. 'NOV'BER. DEC'BER.  High.Low High. Low High. Low High. Low High.Low High.Low High.Low High.Low High.Low High. Low High.Low High.Low  ----  ...  105 -105 104 -103½ 103 -103 101 -101 . ... - .... 104 -104 103 -101 104 -103 . ... - . 13 - 9¼: 9¼- 4 5½- 4)4 4¼- 8!14: 18 - 13¼ 17¾- 14¼ 16 - 14½ 13½- 13¼ 14 - 11 120 -110 114 -108½ 113½-107 lll¾-109 lll½-109 111¾-110 108 - 99½ 106 -104 106)4- 104 .... - .... .... - .... .... - . ... .... - .... . ... -· .... .... - .. .. .... - ... .... - . ... - .... 100 -100 ... - ... . 105¾-104¾ 1077,..fr-102½ 103,¼-100¼ 108 -103 107 -103 103 -101½ 105 -102% 104½-100 100 - 97½ 98 · 94 97¾- 97 98 - 95 - .... .... - .... 98½- 98 102 -100 105 -105 100 -100 - .... .... - . .. . . ... - .... ·- . ... .... - . ... . .... - .... 112½-110 106 -104½ 112 -107½ 111 -110 108 -106 109 -107 109 -103 105½-103½ 104 -103 lC::i -105 106 -105 110½-109 109 -103¼ 113¼-105½ 119 -112½ 113 -112¼ 115 -112½ 115 -112 118½-111% 112½-111½ 112 -110¾ 113 -111½ 115 -113 39¾- 36 36%- 33% 38¾- 32½ 38%- 32½ 40¼- 36¾ 38 - 32 35½- 28% 377/g- 33¾ 39 .. 35:l 37¼- 33¾ 35½- 29% 87½- 34 Pr1.,C ............ ............ 59¾- 57 58½- 51½ 57 - 51 65%- 58¾ 64½- 61¾ 63¾- 58¼ 67¼- 62½ 67¼- 64½ 59¼- 56.½ 59 - 54½ 56½- 51½ 61¾- 55 C hic::igo & Northwest ... 48}s- 43½ 47¼- 39¼ 46½- 38% 45%- 41¾ 42¼- 37% 41¾- 35-¾ 42½- 36½ 43¼- 38½ 40½- 37¾ 40 - 33% 39%- 36½ 40)4- 377/4 55 - 51 56%- 53¼ Pref..... . .................. 62¼- 56¾ 60¼- 51½ 59½- 51¼ 58½- 54 59¼- 54¼ 55%- 52½ 54¼- 46 55¼- 52¾ 55 - 47½ 56)/4- 49 108¼-101% 106 -103)4 105½-103% C hie. & Rock Island . .... 1031/a-102½ 105)4-102% 106%-102¾ W6¾-l02¼ 105¾;-100½ 104¼-100¾ 105%;-103¾ l()!Jlfr45 .. 4.2 55-45 53-50 59¾57 65 60 71 63½ 52½-· 47½ 60 53½ 62 65%63½ 4.6 53 50 leve. Col. Cin, & Ind ... 62½60 C 90¾- 88¾ 90¾- 89½ Cleve, & Pitts., gua1• .... 93 - 88½ 92¾- 90¼ 92½- 9CP/4 94½- 91¾ 94½- 88½ 91¾- 87¼ 92 - 91¼ 92 - 89½ 91¼- 89\l..;' 91¼- 88 4¼- 3% 5¼- 8% 5¾- 4% 4¾- 3½ 7 - 5% 6¼- 4½ 5 - 3 5¾- 3½ 5 - 4 8%- 4¾ 6¼- 5 C ol. Chic, & Ind, Cent ... 9¾- 8 D el. Lack. & Western .. 108½-106½ 110)4-108% 112%-110½ 123 -110½ 120)4-116½ 121¼-117 121¾-118½ 121%-119½ 122 -119¾ 120 -115 120 -117% 120½-119¾ 70 - 70 66 - 64 66 60 55 54 ... 66½64 63½- 62 61 .... . . .. . 46 46 56 56 61 61 61 ubuqne & Sioux City .. D 29½- 26½ 35½- 26½ 32½- 28% 305/g- 16¼ 18%- 12¼ 15¾- 13% 16½- 14¼ 20½- 15½ 18¾- H½ 18'7/g- 14¾ 17¾- 15 E'ric . .......... • .... .... .. .... 30¼- 28 40 - 32¾ 36 - 35 -··· - . ... 32 - 30½ 44 - 42½ 41 - 25 Pref....................... 53 - 51 .... - . ... 50 - 42 24½- 20 .... - ... 28 - 28 25¼- 21% 23½- 17¾ 21¼- 15% 24¼- 19y4 22½- 20 Hannibal & St. Joseph. 26 - 18¾ 22½-~19½ 30¼- 20¾ 29 - 24¾ 25¼- 203/4 24)4- 20¼ 26 - 23 26 - 22 24 - 20¼ 82½- 22 29¼- 25½ 30 29 %)430 31 32 Pref........................ 34¾- 28 31½- 28 30 - 30 30~;f- 27½ 37¼- 28½ H arlem ......... .. ... .... ... 128 -127½ 129 -127½ 131 -128½ 138 -130½ 137 -133 135 --130½ 135 -131 134¾-134 134¼-129 132 -129½ 133 -132½ 134½-129½ - . ... 131½-131½ - .... 128 -128 .... - .... .... - . ... .... - .... .... - . ... - . ... 133½-133 Pref.. . ...... ...... . .. ..... . .... - .... .. .. - .... . 99 .. 95 98¼- 97½ 98 - 88½ 95½- 90½ 97½- 93½ I llinois Central ........... 102 ·- 97 102½-100 103 -100 106½-101¾ 105%-100¾ 103 -100¼ 103½- 98 - ... .... - . ... .... - . ... . ... - . ... . ... - .... .... - . ... I nd, Cin, & Lafayette .. .... - .... .... - .... 11 - 11 .... - . ... .... - .... - . ... . - . ... . ... ·- .... .... - .... .... - .. . . J oliet & Chicago ..... .... 98 - 96½ 98 - 98 .. - .... .... - .... 98 - 98 15¾- 12 12 11 19½10 11½ 10¼ .... 3 27 7 . ... .. 13½10 .... .. 25 - 21½ 20¼- 15 2¾ .. K ansas PaciGc ... ........ 59½- 51¼ 62%- 51% 62¾- 59¾ 62)4- 58 62%- 57# 62 - 59 L ake Shore ... ... .... ..... 80}-g- 72¼ 75%- 72¾ 75%- 72¼ 75½- 70¼ 72¾- 57¼ 65 - 57 - . ... . ... - ... .... - . ... .... - .... . ... - .... .... - .... L ong Island ......... , ... , .. .... - .... . ... - .... 50 - 50 . ... - .... .... - .... - .... .... .. . ... . ... - . ... ... . - .... .... - .... .... - . ... . ... - . ... . ... 40 - 40 .... - .... 36½- 36½ L ouisville & Nashville. .. . . M ar. & Cin,, 1st pref.... .... - .... .... - ..... . . - .... .... - .... ... - .... 10 - 10 . ... - .... .... ·- . ... .... - .. .. 10 - 9¾ .... - . ... .... - . ... .... ·2llpref..................... 8 - 8 .. - . ... 8 - 8 .... - .... .... - .... . ... - .... 8 - 8 .... - . ... .... - . ... .... - .... M ichigan Central . ....... 82¼- 78 78½- 70¾ 78¾- 74 76 - 73 72¼- 63 70 - 6? 69 - 63¾ 66¾- 62 63 - 53 63 - 53¾ 67¾- 57 62½- 57)4 9 - 7 8½- 6 .... .... - . ... .... - .... 6 - 6 - ... M o.Kan.& Texas ...... 3 - 3 ... . - .... . ... - .... .... - ... 9½- 7 97½- 95½ 100 - 97½ 103¾-100 102¾-101 103¾- 99½ 102½-100½ 104 -102 103'.%-102 104 -102½ 103¾-103¼ 105 -100½ llI orris & Essex . .......... 96 - 95 N ew Jersey ................ 129 -129 132 -131½ ... - . ... 130 -128% 130½-180 131½-130 130 -129¼ 130¾-129½ 181½-180½ 132½-131½ 133 -l32½ 135 -132½ 1½- ¾ 2 - 1 s - 3 10)4- 3¾ 8%- 5 6½- 4¼ 4¾- 3 4½- 2¾ 3 - 2¼ 2½- 2¼ 2¼- 2 N ew Jersey Southe1·n ... 4 - 2 N , Y. C, & Hnd. Rive1· .. 102%-101 102%-101 103 -10078 105)4-100¾ 107%-100 104½-100¼ 104¾-102 105 -103¾ 105)4-101¾ 105 -101¾ 106½-104 106 -103½ N . Y. N, Haven & H ..... 137 -133 138¾-137½ 139 -138¼ 140 -139 144 -140¾ 145 -142 144 -141 145 -144 144 -142½ 145 -143¼ 146½-144 147 -141½ 19%- 16¼ 177/s- 15¾ 29¾- 24¼ 29½- 26½ 27¼- 21 24¼- 21% 24¾- 18¾ 20 - 18½ 19¼- 14¾ 17%-- 15 0 hio & Mississippi. .. .. . 82¾- 26½ 29%- 24 ... - . .. . .... - . . 44 - 44 40 - 35 82 - 81 40 - 31¾ 35½- 35 58 - 46 66½- 59 .... - .... 58)4- 57 Pref........................ 69 - 65 49 - 43½ 47%-- 39½ 38½- 7½ 15½- 9% 13½- 11¾ p acific of Missouri . ...... 51½- 46 48¾- 43¾ 49½- 44½ 55 - 47½ 55 - 49 51½- 48 51¼- 48 p anama ....... .............. 114½-110¾ 113½-111½ 121½-112 172 -119 165 -122 135 -130 1.33 -122 142 -130 141 -134 136 -130 186 -125 127 -125 p itts. Ft. W. & C., a-uar. 98%- 93¼ 98)4- 97¼ 99 - 96¾ 98 - 96 99½- 97¾ 100 - 96½ 98½- 97½ 101½- 98 101 - 97¾ 99 - 97¾ 98½- 96¾ 99¾- 97)4 Special.._.................. .... - .... .... - .... . ... - . ... 00 - 90 .... - .. .. .... - ... .... - . ... .... - . ... .... - , :· , .... - .... 117 -111, ens. & Saratoga ........ ... - . ... 111 -111 .... - .... 111;14-111 . ... - . ... 114 -114 .... - . ... .... - .... .... - .... 115 -115 114½-114½  .... - .... 98 - 98  99 - 99 17%- 14¼ 15%- 12¾ 15¾- 13 107½-105½ 108%-107½ 113 -109  ....  ....  .  .  ... ...  .... ....  . .... ....  ....  .  .... ....  ....  '°' '1'08%-106¼  ...  ....  ....  ...  .. .. ....  .. ..  ....  ....  ...  ....  ....  ....  .... ....  ....  .  ....  ....  . ....  .  .  R   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  -  ....  ....  RAIL,ROA.D AN.D .MISCELLANEOUS STOOKS. 18'2':i-Concluded. STOCKS.  JANUARY FEBR'RY.  MARCH.  .APRIL.  MAY.  JUNE.  J"ULY.  .AUGUST. SEPT'BER. OCTOBER. NOV'BER. DE0 1Bll:R.  High. Low High. Low High. Low High. Low High. Low High. Low High. Low High. Low High. Low High. Low High. Low High, Low  Rome & Watertown .... St, Louis Alt. & T. H .. . Pref. . . . . . . . . . . . . . . . . . . . . . . . St, L, I. lU, & South ..... St. Louis K, C. &N ...... Pref... ......... . ...... ..... Second Avenue............ Terre Haute & Ind ..... . Toledo Peo. & "\Var ...... Toledo Wab. & West .... Pref.. . ......... ..... .. . . . . . Union Pacific.............. Warren .................... .  77 - 77  .... 27 - 25 27 - 25  73½8 26 23 -  73½ 73½- 69 7 - 7 8 26½- 26 26 20½- 20 20  8 - 7 27 - 25 23¾- 17  .... - ... ..... -.. .. .... 24¼- 24¼ 24½- 24½ 25¾- 22½ 45 - 28 - . . . . 70 - 70 .. .... - ........ - .... 130 -130 130 -130  8 - 7 .... - ........ 25½- 24½ . . . . - . . . . 18 20 - 18¼ 18 22¾- 20 9¼- 6½ .... 9¾- 7 38 40 - 38 44 - S6 .... .... - ........ -  - 18 - 18  - 36  55 8½23 18 6;(32 -  50 6½ 22 18 5 26  52¼7 25 17 6 81¼-  -  52½ 7 25 15 6 80½  50 - 50 .. .. 5 5 5¾22 - 20½ 24 18 17 - 13 6¼5¾- 5 80 - 24¼ 27 -  -  .... .... - ....  5 21 14 5 26  5 21 16½6 25 -  5 20¼ 14~ 4  19¼  - ... . 124½-124½ . . . . -  .... - ... ..... - ... .  2½-2½ .... - ........ 21¾- 14~ 17¾- 10 18 - 11¾ 16¼- 14¾ 14¾- 8}( 10 - 41-{i 7½- 41-{i 6¾- 5½ 7¼- 5¾ 6%- 5½ 6}(- 5½ ~- ~ 6¾- 6" . . . . .. . . . . 5 - 5 20 - 14 6~- 5¾ 7¼- 7 32 - 20 18 - 15 . . . . 20¼- 20 20 - 18 41½- 38¾ ~~~~~~~M~~~~~~~~~-~~ 38¼- 36 96½- 93¾ 98 - 96;( 99 - 1)5 100 - 99 100 -100 101½-101½ 101 - 100¾ 102¼-102½ ..• , - .... 100 -100 . . . . 92½- 87  MISCELLANEOUS. 40;(- 36¾ 38¾-~ 42 -34¾ 48¼-3~ 42 -SSM PacUlc l'tlail . ............... 36¾- 33¾ 3~- 3~ 46}1(- 34¾ 46¼- 41½ 45¾- 32¾ 42 - 31¾ 41¼- 34 20-20 .... 28 - 28 . . . . - . . . . . . . . - . . . . . . . . - . . . . . . . . .. . .. 25-25 .... 33 - 28 28 - 28 American Dist. Tel. . . . . . 30 - 30 28½- 24¾ 26)4- 22 26 - 22½ 23¾- 18 22¾- 18 22 - 19 20 - 17½ 19¼- 18" 21 ·- 18 26 - 22 Atlantic & Pac. Tel...... 29¼- 19 25 - 21 773,r 71M 84¼- 78¼ 81¼- 75¼ 78 - ~ 77 - 75 Western Union Tel.. .... 79¾- 70% 75¾- 70¾ 78%-- 73½ 80½- 76¾ 80¼- 71% 79¼- 71¼ 84½- 73 50 - 45 48 - 47½ .. . . - ...• 47 - 47 50 - 50 American Coal............ . . .. - . . .. . . . . - :. .. . 58 - 58 . . . . 48 - 46 47 - 46 48 - 4'/ 50 - 45¼ 49¼- 461-{i 47 - 44% 49 - 45 49¼- 44!1( 47 - 45 49~- 42 Consolidation Coal ...... . 43¼- 42 43 - 42 16~- 16}4: 18 - 16½ l& - 18 18 - 17 18½- 17¾ 19 - 18 .... - ...... . . l'tlaryland Coal............ 19¾- 17 17¾- 17 . . . - . ... 277}9-277½ 277½-~ - .... 275 -275 Penn11ylvo.nio. Coal. ..... 'a.15 -245 250 -247½ .. . . 62½- 60 66 - 65 61 - 61 . . . . - . . .. 66 - 64 M - 63 70 - 69¾ 70 - 69'4 04 - 64 70 - 64 64 - 64 Spring Mountain Coal.. 68 - 64 Boston Water Power ... .... - ........ - ... ..... - . . . . 1~- 15¾ 17½- 17½ .... 40 - 89 40 - 36 46½- S6 50½- 47 54 - 50 60 - 53 65¼- 62 ~½- 65 68 - 62¾ 72 - 62 Canton..... .. .. . . . . . . . .. . . .. 64 - 58¾ 64½- 62 5½- 5¼ .... ltlaripo11a L, & lll. Co... 7¾- 3½ 7½- 5}( 6¾- 3!1; 6¼- 3 10¼- ~ 7 8 8% 10½9 1~10 12~9½ 13¾5 12¾6 7½7 8 . . . . Assess. paid.............. - ........ Pref.... ........ . ...... ..... 8 - 7½ 9 - 9 ... . - . •. . 6½- 4½ 6¾- 6¼ . ... - ........ - . ....... - ........ 13¾- 9'7/4 12 - 10½ 12 - 9¾ 11 - 9½ 7'¼- 7'7~ 10½- ~ 9 - 7½ 7½- 7¾ 12¼- 8 Pref., assess. paid..... . . . . . 1$¾- 17 18 - 15¾ 15½- 13'7Ai 16¼- 14½ 16 - 14~ 19 - 15¾ 18 - 17 26 ·- 18¼ 19½- 13 33¾- 25 35 - 32 Quiok11llver ...... .......... 35 - 33 28¼- 22¾ 24¾- 28 24¾- 20 21 - 20 21~ 20 22 - 20 33 - 27¼ 26 - 21'4 ~ - 21 40 - 40 40¾- 86 Pref.... .. . .. . . .. . .. . .. .. . . . 44 - 40 103½-101~ -101 103 Oil¼ 101%-101 102 -100¼ 103 99½ 100¼99½ 101 103½-100½ -100 104 104¾-103½ 99 102 98 100 ........... Adams Express ~ - 55)4 61 - 57½ 60'-(- ~ 60)4- 58 58 - 56½ 61 - 57 American Express ...... . 65 - 62½ 64 - 63½ 64 - ~½ 64¾- M½ 64¾- M¾ 64¼- 50 44¾- 41¾ 4~- 43 45 - 43½ 55 - 44½ 62¼- M 46 - 42 51 - 42 56 - 50 United States Ex ......... 65 - 57 60 - 56¼ 61 - 57¼ 64 - 51 92½- 87½ 92½- 87 86 - 75 83 - 78¼ 81 - 71 80 - 77¾ 79½- 78¼ 82 - 78½ 86¼- ~ Wells, Fara-o Ex . ..... .. .. 82 - 79% 87¾- 84 86!);!- 86 Del. & Hud, Canal. ...... 118½-lll 114 -110)4 114)4-113 121½-114 121¼-119 122 -119)4 124 -119~ 120¼-119½ 120¾-119½ 120¾-119½ 124 -120¾ 124 -1~ - ........ - .... 297½-297¼ .... - .. . . 300 -295 .... 1'1anhattan Gas ........... .... - .... 150 -150 .... - ........ - ........ - .... 148 -148 .... New York Gas ......... . .. . ... - . . . . 94"- 90¾ g4, - 94 . . .. .. .. -. . . . . . . . . Prod. Con. L, & Pet. Co. . . . . - ... 103}9-lOS - . ... 75 - 55 100¼- 77 101¼-100 105¾-101½ .... Reno Real Est., 2d pref, .... .... 125 -125 - . ... 130 -130 Union Trust Co ........... . ... - .... 300 -300 .. .. - . . .. . . . . - .... 310 -310 .. .. - .... 315 -300 315 -815 . . . . · .... - .... 290 -290 United States Trust Co. .. .. -  18?'6. JANUARY FEBR'RY.  ~TOCKS.  MARCH.  APRIL.  MAY.  JUNE.  JULY.  AUGUST SEPT'BER. OCTOBER. NOV'BJCR. DEC'BBB.  Low. High Low. High Low. High Low. High Low. High Low. High Low. High Low. High Low. High Low. High Low. High Low. High  - - - - - - - - - - -1--·- RAILROAD. Albany & Susquehanna. Atlantic & Pacific pref.. Cent. of New Jersey ..... Central Pacific .. .. ........ Chicaa-o & Alton..........  88 - 90 89 - 90 SO - 89 80 - 87 101 -101 101 -105 103 -105¼ 105~-106 .... - ........ - .... 102¾-102!1; 103 -103 2¼- 2¾ . .. . - .... 1¾- 2¾ 2 - 2% 1¼- 2½ 1 - 2)4 1¼- 2 2 - 3 3 - 4 4 - 5 5¼- 7 4 - 7 - S~ 88 8~ Sl¼40!1; 26%41¾ 21 64 37¾74½ 61¾85½ 71½987<1 7°"103 -107½ 105!,t-109% 106)4-107½ 95¾-108 .. .. - .... .... - . ... 101 -101 .... - ........ - . . . . 98 - 98 .... - .... 100 -100 .... - ........ - ........ - .......• - ...• 9~- 99,t 96½-101¾ 97½-100 9$¾-105¾ 1009(-105 101 -106½ 97 -104½ 97%- 98¾ 98½-103 100 -102!1( 979(-102¾ 96 - 99 Pref........................ 106½-109 106 -110 110¾-111 103½-107½ 104)4-105 107 -110 108 -108¼ 107 -108 103¼-108½ 109)4-109)4 108½-108½ 108 -110 Chic. Bur. & Quincy ..... 114 -117¾ 116 -121½ 118)4-11°" 117 -120 117 -118¾ 114¾-11~ 1141'4-117¾ 114¼-120¼ 112½-116 113¾-115½ 11~-115¾ 112!,t-116}9 18¾- ~ 18¼- 21~ 29 - 37'7~ 28 - 33¾ 24¾- 31 37¾- 41% 85¾- 39¼ 38 - 42¾ 35;4- 42 Chic. Mil. & St. Paul.... 35¼- 42¾ 40¼- 46¾ 40)4- 46 74¼- 80¾ 65¼- 84:k; 62¼- 677,-1i 61 - 67½ 67%- 72¾ 67¾- 72½ 64 - 71¾ 58 - 67¾ 54¼- 81% 49¼- 563i 50¼- ~ Pref....... . ... ....... ... .... 66¾- 77 39¾- 43½ 38¼- 43¼ 36 - 39¾ 31¼- 37¾ 34¾- 42¼ 82½- 38¼ 34½- .88 40¾- 45¼ 41¾- 44½ 38 - 42½ 39¾- 41 Chtcaa-o & Northwel!lt ... 38½- 43 59 - 67¼ 62%- 67¼ 58¾- 64)4 57)4- 63¾ 59 - 64¾ 57¼- 61)4 55¾- 6~ Pref... ...................... 56¼- 64)4 61½- 67¼ 61¾- 66¼ 56½- 62½ 55¾- 60 Chic. & Rock 18land ..... 104¾-109¾ 108 -111¾ 109 -111¼ 103)4-106½ 103¾-106 105)4-109¾ 107¾-109¾ 101¾-108 100 -106½ 98)4- 102¾ 98¾-102 98¾-102¾ 35 - 39¾ 36 - 41 35¾- 44 32 - 37 37 - 42 42 - 48¾ 40 - 45 45 - 50 Cleve. Col, Cln. & Ind... 57 - 61½ 53¼- 57½ 50¾- 60½ 50 - 56 88¼- ~ 88¾- 90½ 85½- 91 93 - 96¼ 92½- 94¾ 92)4- 93¼ 93½- 96¾ 92 - 93½ 86½- 92 93 - 95½ 93¾- 98 Oleve. & Pitts., guar . ... 8°"- 95 2¾-- 3,t 4 - 4~ 4 - 4¾ 3¼- 4½ 8¾- 3% 8½- 3% 3¾- 4¼ 3 - 4 4¾- 5 Col. Chic. & Ind. Cen. .. . 3¾- 6¾ 5 - 5-¼ 3½ - 5 69¾- 78~ 94 -105¾ 77 - 96½ 66¾- 84)4 64½- 81% 67¼- 75 Del. Lack. & Western .. 117½-120¾ 116 -120 117¾-120 104½-119¼ 102)4- 111 104¾-109 65¾- 66 .... - ....... - ........ _ .... 62 - 62 64 - 66 .... - ........ 75 - 77½ 65 - 70 72!1,!- 74 Dubuque & Sioux City .. 70 - 72 13¾- 14% $¾- 14¾ 9 - 10¾ 9½- 12)4 9¾- 11¾ 7¾- 10~ 16½- 18¾ 17½- 23¾ 13¾- 20¾ 18 - 15¾ 18¾- 15 Erie ................ .......... 15½- 18 16 - 17¾ 16 _ 16 20 - 23 .... - . . . . 20 - 20 21 - 21 Pref. .................. .... .. 30 - 35¾ .... - . . . . 35 - 39 . ... - ........ - . .. . 20 - 20 12¾- 14 13½- 17½ 13 - 15½! 12¾- 14¼ 1~- 14¾ 10½ 12½ 10½- 13¾ 13 - 16¾ 12)4- 15 Ban. & St, Joseph. ...... 18¾- 22¾; 18 - 22¾ 15½- 19 23¾- 27½ 25¾- 27 23 - s1 19½- 2s 18¾- 21 19½- 25 Pref..... .. .. ........... . .. . 26 - 33½ 28 - 32% 25½- 29¼ 24 - 25¾ 20½- 24½ 21¼- 24 Harlem . ... ..... ............ 130¾-136½ 136¼-145 139 -143½ 136½-139½ 137 -139 135¾-140 137½-140 137 -138)4 131 -137¾ 133 -138 136 -138 136 -141 67½- 82½ 60¼- 71¾ 86 - 91¼ 80½- 89¼ 79 - 87 92 - 98 96 - 08 95 - 97 98 -103~ 96 - 99 Illinoil!I Central........... 97½,-100¾ 07;1i-102 2½- 2¾ Kan11a11 Pacific... .. ... .. .. 12¼- 16½ 13 - 15 12 - 13¼ 9½- 12½ 9¾- 9¾ . . . . - .. .. .. .. - . . . . . . .. - .. .. 5 - 7½ 4 - 4½ 2 _ 2 54¼- 60½ 55 - 609( 52¾- 57¼ 52¾- 59¾ 52¾- 54~ 48¾- 54¾ 53½- 63 51)4- 56 52;(- 61 Lake Shore ................ 60¾- ~~ 597/4- 67¾ 59¾- 66 34¾- 42¼ 41¾- 52 41¼- 49½ 42%- 48~ Michigan Central... .... . 57 - 63¼ 59¼- 61¾ 59¼- 65½ 48¾- 61½ 43 - 50¾ 46¾- 51¾ 41¾- 52¾ 38½- 44 7¼- 9½ 7½- 7½ 8 - 8 8 - 8% 7%- 8½ 7½- 8 8 - 9 Mo, Kan. & Texas...... . 7½- 8¼ 7~- 13½ 12 - 14% 10½- 13¾ 77,11- 11 89¾- 95)4 90 _ 94½ 90¼- 94 84 - 97 90 -102 Morris & Essex ........... 101¾-102½ 102)4-105.¼ 105 -106 101½-106 102¾-104½ 101 -104¼ 101¾-102 New Jersey ........ .. ... .. 187 -138 138 -143 138 -142½ l36 -138¼ 134½-135¾ 136¾-138 .... - .... 138 -139½ 135 -138 134 -137 136!,ji-137~ .... - ... . ¾- ,t ¾ 1 - l¾ 1 _ 1¼ %½- 1¼ 1 - 1¾ 1¾- l¾ 1 - 1¾ 1 - 1 .... - . ... New Jersey Southern... 1 - 2¾ 1~ 2 N. Y, Cen. & Hud. R ..... 1041-{i-112½ 111 -117½ 112¼-116¼ 112 -113¼ 108 -112½ 105 -110¼ 105¼-109 104¾-107¼ 96 -106¼ 97¾-105¾ 100¼-103¼ 100¾--107¼ N. Y. N. H. & Hartford. 146 -151 150 -151¾ 155 -159 154 -158½ 154 -156 152 -157 153¾- 154)4 151¾-154 148 -152½ 14$¾-151½ 151½-156 150 -155" 5¼-- ~ 11 5 Ohio & l'tlississippi ... ... 16¾- 24½ 21 - 24¼ 19¼- 22¼ 15 - 19¾ 15¼- 17¾ 15¾- 177/4 1~- 17¾ 10 - 13¾ 10¼- 18¼ 10 - 12 9½- 11½ 27½ 18½- 20½ 8½- 16 20 33 - 41¾ . .. . - .. . . 32¾- 38½ 19 - 30½ 19½- 24 49 - 50½ 40 - 42 Pref..... . . . . . . . . . . . .. . . . . . . 34 ·· 51 8¼- 4 3¼- 4½ 3 _ 5 1½- 4 3½- 7 5¾- 12¼ 6½- 8 Pacific of Missouri.... ... 11 - 15½ 11¼- 14¾ 12¼- 16 137/4- 16 12½- 14 anama .................. .. 127 -186 130 -133 128 -138 127 -130 128 -140 186 -139 ... . - ... . 130 -l30 126 -128 125 - 128 122 -127 126 -128 itts. Ft. W. & C,, guo.r. 97)4-101)4 100½-103 102~-105 101!1:{-103½ 102 -104 100¼-103½ 101¾-103¼ 101 -103¼ 100 -102)4 99¼-102½ 101 -102¾ 100¾-102~ Special. .. . .. .. . . .. . . . . . . . . . . .. - .. . 90 - 91½ . . . . - .. .. .. . . - .. .. .. . . - . .. . . . .. - .. . . .. .. - . .. . 92 - 92 . .. . - . . .. 95 - 95 . .. . _ _.. . .. . . - ... . ens. & Saratoa-a .... .... .... - ........ - ........ - .. ..... . - .... 119 - 119 119 -120 . ... - ........ - .... 115 -115½ 110 -112 .......... 112 -118 .... - ... . _ omc W. & Ogdens ...... .... - ........ - .. .. 50 - 50 50 - 50 .... - ........ - ... .I .... - ........ - ..... ... - .. .. . .. . .. .. .. 4½- 4~ t, Louis Alt, & T. H... 5 - 7¾ 5~- 5¾ 5 - 5½ 3½- 8½ .... - . . .. 8 - 7½ .... - ........ - ........ - . ... 5¼- 5¼. · l6 _ 16 . . . . - .... 15 - 15 . . . . - .. . . . . . . - . . . . . . . . - . . . . 13 - 13 . . .. - .. .. 15 - 16 22 - 227A 19¼- 21 Pref.. . . . . .. . . . . . . . . .. .. . . .. 20 - 24 11 - 15 12¾- 17¾ 10 _ 13 16 - 18½ 15½- 18 16¾- 19 17 - 18 17½- 19 t. L. I. lU. & South..... 15 - 21¾ 19½- 25½ 22 - 26½ 19¼- 22 5¾- 5% 5¼- 5¾ 5 - IS;( 6 - 6½ 5 ·· 6 5%- 7 5¼-- 6½ 5¼- 5¼ 5¾- 6 5¼- 7¼ 6½- 7 t, L. K. C. & North..... 4 - 6 26 - 27¾ 28 - 29¼ 27¾- 29¼ 27 _ 28 29½- 31 28 - 29½ 28 - 29½ 2fl½- 31 29¼- 32¾ 28 - 31 Pref. . . . . . . . . . . . . . . . . . . . . . . . 22¾- 31¼ 26%- 38 erre Haute & Ind .... .. .. .. - ........ - ........ - .... 120 -120 .... - ........ - ....... . - ........ - ........ - ........ - ........ _ . . . . 98 - 138 3¾- "-" 8 5~i'7Ai 4½4¾ 2¾2½ l¼3 2 2¾ ¾8 ol. Wah. & Western... 3 - 6¾ 8)4- 6!1i 8 - 4½ 2¼- 3¾ 2 7¾- 10½ 7 _ ~ 3¾- 7¼ Pref................. .... .... 5 - 6 . .. . - . .. . . . . . - .. . . .. .. - . . . . . . .. - . . .. . . .. - .. . . 4¾- 4¾ . .. . - . . . . 5 - 5 57'7,r 60¼ 61 - ~ 57!1(- 62 58 - 64¾ 60¾- 65 59 - 63½ 59 - 64 62➔-(- 65¼ 57¾- 65 62 - 70 nion Pacific.............. 67½- 74½ 65¾- 71 . . . . 90 - 90¼ .... _ ........ - . .. . arren.. ... .. ... .......... 102 -102 102 -103 105 -105 .... - .... 102 -102 .... - . ....... - .... 95 -102 ....  2¾- .8½  .MISCELLANEOUS. 21%- 24% 19¼- 24¼ 22 - 25¾ 23¼- 25¾ 23¼- 25~ acific Mail....... .... . .... 36¾- 89¼ 29¾- 38¼ 18¼- 29½ 16)4- 21¾ 19¾- 28¼ 21¼- 27¾ 22¾- 27 mer. District Tel .... ....... - ....... . - ... . 20½- 31 ... . - ....... - ....... - ........ - ........ - ........ - ........ - ........ - . .. . 10¼- 10¼   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  RAILROA D AND MI SCELL ANEOUS STOCK..  ::. = = = = = = = = = = ==  =  = = ==:::=-;;::::::======  ==-== ==  18'f6-(Joncluded. J ANUARY F E BR'RY.  STOOKS.  -  -  MARCH .  -- - -  APRIL.  MAY.  JUNE .  JULY .  AUGUST. SEPT'R"ER. OCTOBER. NOV'BER.  DEC'BER.  - - ---1----1  Low. H igh L ow. H igh Low. High Low. High Low. High Low. High Low. High ~ow. High Low. High Low. High Low. High Low.High  Atlantic & Pac. Tel. ..... 18¼- 21¾ 19 - 22 ~18¼- 20½ 17½- 20 14½- 18¼ 15 - 1 ½ 18 - 18½ 17 - 17~.( 15 - 17¾ 15¾- 17 Western Union Tel. . .... 73¼- 80½ 70¼- 79¾ 06)4- 70¾ 03¾- 69 63¾- 07¾ 06½- 71}.! 69)1$- 72¼ 68¾- 72¼ 68¾- 73¼ 70 - 74¾ Adams Express .... . .. .. .. 101 ¾-104¾ 106 -112 1057,(-108¾ 107 -108¾ 107 -111 108½-110¾ 110¼-111 110 -114 107 -109½ 105 -110¼ American Express . .... .. 57 - 59½ 58¼- 67 60½- 64 60 - 63 01½- 03½ 58 - 63),,( 58 - 00 59¼- 02 58 - 00¼ 58¼- 02½ United S t ates Express .. 58 - 62½ 61 - 76>11 70 - 74½ 67 - 74 69½- 71¾ 71 - 75 72 - 76¾ tl2 - 67,( 59¼- 64¼ 59¼- 62½ "\Veils, Far~o Express .. ~ - 85¼ 85 - 91 86 - 87¾ 85 - 87½ 80 - 90 89 - 90~:! 84 - 89½ 83¾- 86¼ 79 - 85½ 83 - 86¼ Del. & Hud. Canal.. ... . . 119¾-125 119~-122½ 119¼-121 10 -119¼' 104¼-114¼ 105 -110 100 -103¾ 73!,s-101 62¾- 80 61¾- 82½ American Ooal. . . . . . . . . . . . 50 - 55 55 - ti7 58 - 53 Consolidation Coal.. . . . . . 47 - 50 45½- 49 41½- 45½ 40 - 45¼ 39¾- 43 40 - 41½ 39¾- 41 38½- 40¼ 30 - 39}8 30 - 33 Maryland Coal.. . ....... . . 17¾- 18 17½- 18¾ 16½- 18¾ 15 - 15 12½- 12½ _- ... - ........ - .... 12 - 13½110 - 10 9½- 10 Pennsylvania Coal.. . . . . . . . . . - ... . 275 -275 2i0 -270 270 -270 . . . . - .... 260 -260 . 240 -240 238 -238 220 -220 220 -220 Spring- Mountain Coal. . 03 - 65 64 - 65 64¾- 64¾ !.. .. 60 - 60 53½- 55 55 - 55 . . . . 1tla1•iposa L. & M. Co ... 8 - 9½ 8¼- 10½ 7 - 9~,{ .. . 5½- 7 6 - 9¾ 8 - ~ 6 - 8 . 3 - 5 4¼- 7 Pref. . .. . . . . . . . . . . . . . . . . . . . . . 8 - 10¼ 9 - 11 7¼- 10 7 i½ 6½- 7¾ 6 - IO½ 8 - 8 8¾- 8¾ 3 - 7 5½- 7 Quicksilver....... . ........ 17½- 18½ 17 - 20¾ 17¾- 19 16 - 18 14¾- 16 14¼- 15½ 13½- 13½ 12 - 13 13 - 13 13 - 14 Pref.. . . .... . . . . . .. .. . . . . . . . 23¾- 24¾ 28½- 24¾ 22¾- 28 22¾- 23 21 - 21 17 - 19 19¾- 19 19 - 19 Union Mininir ofTeaa . . . ... - ........ l¾ 1%- l¾ l¼- 1¾ 1½- 1¾ .... ll¾- 9¾ .... Canton ... ...... ..... .. . ...... 89½- 46 44 - ,W 43 - 44 36 - 40 35 - 36 - . . . . 32 - 34 25 - 25 28 - 30 Manhattan Gas . . . . . . . . . . . . . . . - . . . . . . . - .... 285 -235 . . . . New York Gas . . ... .. .. . .. 149½-153 150 -158 .... - .. . ..... - .... 135 -135 . .. . - . ... Prod. Con. Ld. & P. Co . . . . . - ..... . .. - .... 102¾-10:5% 105 -111¾ 111 -11~ 117,a-119¾ 112¼-119¼ 112½-115¾ 115½-115¾ .... Reno Real :Est., 2d pref. 103¾-105¼ 103¾-105½ 105½-100½ 30 -105¾ .... Farmers' L'n & Trust . . .. . . - .... 250 -250 Union Trust Co . . ...... . .. . .. . - ... . 340 -340 ........ United States Trust ... . .. . ... -  ····i ~,-  15 - 157~ 70¾- 73,s 105 -109 60 - 61¾ G6¾· 61 85 - 87 67¼- 74  14¾- 15 70¾- 73¾ 100 -106 55 - 61 49½- 56¼ 87¾- 90 69 - 71½  34 - 34 36 10¼·- 10¼ 9 220 -220 280 ,1 - 5 4 5 - 5 4 10½- 15¼ lS 17 - 23 18 30 - 31 - . . .. 249 135 -135 .... -  - .... I.... -  181". J A)(UARY FEB R'RY. I MARCH.  APRlL.  MAY.  JUNE.  JULY.  STOOKS.  AcGusT. SEPT BER. OCTOBER. Nov'BER. DEC'B ER.  _ _ _ _ ._ _ _ __ L __ ow _ .H_li?_h_ L ow.High Low. High Low . High Low.High Low . High Low.High Low.High Low.High Low. High Low. High Low.High 1 1  RAILROAD. Albany& Susquehanna . 85 - 80 60 - 85 68 - 72 67 - 71½ 72 - 73 58 - 62½ 66 - 66 64 - 75 70 -- 75¼ 71 - 71 .... Oent. of New Jersey ..... 21¼- 37¾ 10 - 28¼ 7½- 10¾ 7½- 9¼ 9½ 6 - 7½ 7¾- 12 IO¼- 21½ 14¾- 19¾ 15 - 18¼ 11 - 15}8 Chlcairo & Alton... .. . . .. . 99½-102 95 -103 89¾- 9~ 84 - 91½ 77 - 91½ 75½- 82¼ 82 - 90 85 - 90 84¼- 87 77 - 86 74 - 80½ Pref........ .. . . .... .. . ..... 109 -110¾ 105¾-112 101 - 106 105 -105 106 -106 99 -101 101 -110 .... - .... 102 -103½ 103 -105 09½-103 100½-102 Chic. Burl. & Quincy .. . . 116¾-118% 109 -117½ 94 - 109½ 96 -104 v9 -102½ 95½-101 97 -100 98½-104½ 09½-102)4 101)4-105 101½-103¾ 101 -1027'( Chic. Mil. & St. Paul. ... 17¼- 21 16¾- 19¾ 17½- 19¼ 11 - 19¼ 17½- 20¾ 18 - 21¾ 19>8- 24¾ 24 - 31¾ 80%- 36% 31¼- 42¼ 82)4- 37¼ 88¾- 87¼ Pref. ........ . . .. .. . . . . . . .... 46¼- 54¼ 46¼- 49¾ 45½- 477~ 40%- 49¼ 46¼- 51¾ 47%- 51¾ 51 - fll¼ ' 59¾- 07¾ 66¼- 72¾ 66¼- 72¾ 68%- 72 68¾- 73¼ Chicairo & Northwest .. . 84¾- 87¼ 30½- 35 31½- 84¾ 15 - 32 19¼- 24¾ 18¾- 21½ 19 - 23 / 21¾- 35½ 32¼- 38¾ 33¾- 43¾ 83¼- 37¼ 83 - 36¼ Pref. ..... ... . .. . . . . . . . . . . . . 55½- 53¾ 48½- 56¼ 50 - 54¾ 37¾- 50¼ 43%- 50¾ 43¾- 48½ 45¼- 52¾ 50¾- 63½ 61%- 04¾ 6l~fr- 09½ 63 - 67½ 61¼- 66¾ Chlca$to & Rock Island . 99¾-102¾ 97¾-102).( 99)4-102¾ 82½- 98 90¼- 95-¼ 90¼- 93¼ 90)4- 9fl¼ 04 -102 99¾-1027h 100)4-105½ 99 -101¾ 99¾-101¾ Cleve. Col. Cin. & Ind ... 33½- 89 21 - 33 24½- 27½ 19½- 27 25 - 33 22 - 24 23½- 27 24½- 35 31½- 41¼ 37½- 49¾ 35 - 42¼ 81¾- 39 Cleve. & Pitts., 1rua1· .... 89½- 93 87½- 98 89 - 90½179)4- 89½ 83½- 88¼ 72)4- 84½ 75-¼- 82½ 7 - 82 82 - 83 74 - 84)4 76 - 79¼ 76 - 78¼ Col. Chic. & Ind. Cen .. .. 2½- 3½ 2¼- 2¾ l ½- 2¾ 2¼- 2¼ 1½- 2 '¼- 1½ l ½- 3¾ 2 - 5 8¾- 5¼ 3¾- 5½ 8½- 4)4 8 - 4 Del. Lack. & Western . . 67½- 77 60%- 70½ 56¼- 66¾ 42¾- 60¾ 8 ¾- 58% 30¼- 40% 36 - 46 40¼- 51¼ 44¼- 59¾ 45 - 53¼ 45½- 51% Dubuque & Sioux City . . 52 - 55 46 - 46 46 - 46 89½- 45 42:J.i- 42¾ . . . . - . . . . 42½- 43½ 46 - 49 51 - 52 55 - oo 60 - 60 Erie.... . ... .. . . . . . . . . . . . . . . . . 9%- 10¾ 7 - 9¾ 5 - 8 4¾- 7¼ 6¼- 7¼ 5¾- 6¾ 6)4- 9¼ 8¼- 12¾ 10 - 13¼ 11¼- 15 8½- 12¼ Pref. . . . ...... . ... . ......... 16 - 16 17 - 18¼ 15 - 18 14¾- 17 .... - ........ - .... 16¼- ·1 18 - 28½ 20 - 21 24 - 27 18½- 25½ Hannibal & St. Joseph . 12½- 1~ 9 - 13 10½- 12 7 - 11 10%- 14 Ll¾- 15 11 - 15¾ 9 - 12¼ 11½- 14¾ 9½- 13¾ 12¼- 13¾ Pref. ... . .... .. . . . . . . .. ..... 26 - 30 20 - 26¼ 20 - 23 17 - 22¼ 21½- 26 22½- 28¾ 28 - 33% 28 - 29½ 26¾- 31¾ 20 - 30¼ 27¾- 31 24¼- 28½ Harlem . . .. .. .. ....... . ... . .. 186 -141 185 -140¼ 136 -140 135 -139 137 -144 136½-141½ 137¼-140 139 - 142½ 141 -142¾ 142 -144 143 -147 141½-147 Pref. . . .. .. . . ....... . . . .. . ... . .. - ... . 135 -135 . ... - ... . 139 -189 ... . - ........ Illinois Central. ..... ,.... 50½- 65½ 51 - 58¾ 41¾- M 40½- 58 50¼- 59¼ 48 - 55½ 53½- 62 60)4- 65½ 65¼- 72¾ 71½- 79 70½- 75)4 Kansas Pacific. .. . .... . . . . 2¼- 2¾ 2 - 2 .... - ........ 2 - 2 . ... l¾- 2 2 - 2 2 - 4¼ 8½- 5)4 3¼- 9½ Lake Shore . .. . . .. ..... . ... 58½- 577h 47¼- 55½ 45¾- 52¼ 45 - 51¾ 47'"~- 54¾ 46 - 48¾ 46½- 52¾ 49)4- 65¼ 61'¼- 06¾ 63¾- 7~8 C2½- 69¾ Louisville & NaMhville. • • •• - • •• • • ••. - . . . . 20 - 26 29 - 29¾ 30 - 30 28½- 28½ 29¼- 29½ .. . . - ........ - . . . . Michi&1;an Central.. . . . . . . 45¼- 50¾ 40½- 47½ 35¾- 4~s •Br¾- 42½ 38>~ 46¼ 87¼- 41% 40½- 44½ 43 - 59½ 56¾- 61¾ 58¾- 74)4 57¾- 65¾ Mo. Kn.n. & Tex .. . ... .. .. • ••• - • •• • • •• • - • .. • ••• • ·- • •.. •• •. - . . . . 4½- 5 5~4- 5¼ 4½- 4½ 4¾- 5¼ 4½- 6½ 6¾- 7½ 4§fr- 5¾ Morris & Essex. .. . ....... 90 - 92½ 79 - 90½ 80¼- 86¾ 57¼- 81¾ 66 - 78¾ 51¼- 69¾ 64 - 72)4 68¼- 77½ 70¼- 83 70½- 77 73 - 76½ 73 - 78¼ New Jersey ..... . .. . .. . .... . 137¾-140 134 -137½ 134¾-137½ 120 -134 129 -133 127¾,-127% 129 -132 127 -127 129 -129 110 -124 115½-120 .... - . .. . New.Jers ey Southern. .. ½¾ ½½ ¾- l½ ¾- 1 ¼- ½ ¼- ¾ %- ½ ~fr- % ½- ¾ ½- 2½ 1 - 1% 1¼- 2 N. Y. Cen. & Hud. R . . .. 100¼-104¾ 91¼-102¼ 89¾- 98 85)4- 94¼ 88¾- 06¼ 88 - 93 89¾- 95¼ 92¾-103¼, 99¾-104¾ 101¾-100¾ 105¾-107¾ 104)4-107¾ N. Y. N. H. & Hartford. 151 -152½ 151 -158 151¾-152½ 146 -152 147 -152½ 149 -153 149 -150¼ 151¾-158 152¼-154 158 -154¾ 154 -157 158 -158½ Ohio & Mississippi ... . .. 5¾- 7¾ 5¼- 7 4 - 6¾ 8 - 4¾ 4¾- 6¼ 2¾- 5¼ 2½- 3¾ 3 - 7¾ 6 - 7½ 7 - 11¾ 8¾- 9% 7%- 10¼ Pref... .. ........ . . . .... . ... 10¼- 13. 8 - 9½ 8 - 11½ 7¾- 8 12 - 12 5¾- 7 4 - 6 s - 11¼ to - 14 14¼- 20 14½- 17 16 - 17½ Pacific of' Missouri.. ..... l ¾- 3½ 2¾- 3½ 2¾- 2¾ . . • . 2 - 2 . .. . - . .. . . ... - ... . 2 - 2 2 - 2¼'. 2 - 2¾ 1%- 2 I¼~ I¼ Panama . .. .. .. . . . . . ......... 128 - 128 122 -126 118 -130 80 -120 89 - 98½ 04½- 97 98 - 100 101 - 118 111 -118 115:1(-180 120 -125 124 -125 Pitts. F. w. & 0,, &'un.r. 100¾-lOl;k; 99 -101½ 97½-100,( 85 - 99 94 - 97 81½- 93¾ 84¾- 90½ 86¾- 92½ !lO - 92½ 87 - 94 88 - 92¼ 91 - 93½ Rens. & Saratoga .. ...... 109 -111 96 -100½ 95 - 07½ 87 - 96 98 -100 90 - 93 93 - 93 96 - 9C 99 -100½ .... - ........ 95 - 95 St. Louis Alt. & T. H.... S - 3 2½- 3 8 ·· 8 3½- 4½ 3½- 3¾ 3½- 8½ 4)4- 5½ . . . . 4¼-.· 4¾ Pref..... . . . . . . . . .. . . . . . . . . . 14 - 16 15 - 15 13 - 15 12 - 15 15 - 18 15 - 18 17 - 17 15 - 15 14¼- 15 St. L. I. M. & S outhei·n. 11¼- 18 11 - 11¼'. tO - 11 5 - 8 4¼- 5¼ 5 - 6 5¾- 10 7 - 8½ 5¾- 7 6)4- 8½ 6¾- 7¾ 7¾- 8 St. L. K. c. & North ..... 4¾- 5 4½- 4½ 4 - 4)4 3½- 3½ 4 - 5¾ 3¼- 5¼ 3¼- 4¼ 3½- .4% 4 - 6¾ 4%- 6½ 4½- 5¾ 4%- 57-( Pi·ef. .. ... . . . . . . . . . . . . . .. . . . 24 - 25 23 - 25 20¾- 24¼ 25 - 28¾ 20½- 22 20¾- 23½ 21¾- 24½ 23 - 27¼ 24¾- 27¾ 22¾- 25½ 22½- 24 St. Louis & San Fran .. . · · · · - · · · · · · · · - · •· · · · · · - · · · · · · · · 3¼- ~~ 3½- S¾ 8¼- i Union Pacific......... . .... 59¾- 65¼ 64 - 68 06½- 73 68½- 69 65 - 69 63~fr- 69)4 63½- 66¼ 62 - 71¾ 66¼- 70¾ 66 - 68 66%- 67¾ ~ - 67¾ Wabash receipts .......... 6 - 7¾ 6¼- 8¼ 3½- 5¼ 3 - 6 2),(- 5 ½- 2½ l - 5 4%- 15 9¾- 14¾ 12¼- 20½ 14½- 17 IS½- 15½ Warren. ... .... . . . . . . . ... . . . 94 - 94 87¼- 00 82 - 82 81 - 81 76¼- 76¼ .. .. - ....... . -  0-*  I  lllISOELLANEOU S, Pacific Mail ..... . ... ....... Amer. DistI·ict T e l.. ..... Atlantic & Pacific Tel.. Western Union Tel.. .... Adams Express . . .. . ... . .. American Express ... . ... United States Express .. Wells, Fariro Express . ..  23¾- 25¾ 24§1!-  26¼ 187-(- 25¼ 12%-  22½ 19¾- 23~ 18¾- 20% 19 - 22½ 20%- 26¼ 22¼-  . . . . - . . . . . . . . - . . . . . . . . - . . . . . . . . - . . . . 20 - 20 15¾- 17¼ 71 - 78 100)4-105 56½- 58 49 - 59¼ 84 - 89  15½- 21¾ 62¾- 77 102 - 104!1,! 57¼- 60¼ 48 - 52½ 82¼- 84¾  19 - 25 57¾- 06,( 100 -103 47 - 59 48 - 50 83 - 84½  .~.~½= ~~~ .~.~ ~~~ .~.~~  18¾- 23½ 19¾- 21¼ 5d - 64% 60¾- IS6 91 -100¾1951 _ -100½ 50 - 54¾ 45½- 54½ 36 - 45 40 - 42½ 82 - 84 83 - 84  ;~~'11  ~:!~~~!1nu;•o~f~~~ ::::::: = 53)4 :~ = !~¾= Oonsohdat1on Coal . . . . . . 84 38 31 33 80 33½ 25 27 ~4 Maryland Coal. ........... 9½- 11¾ 10½- 10¾ 8 - 10¼ 8 - 10 10 Pennsylvania Coal.. ..... 220 -221 200 -215 198 -200 .... - ........ Mariposa L. & lll. Co. . . 5¼- 8¼ 4¾- 6¾ 5'¼- 6¾ 3 - 4½ 2½Pref.. . . . . . . .. . . . . . . . . . . . . . . 5 ~ - 8½ 4½- 7 6 - 9 3¾- 5 2½Ontario Silve r Mininir. ·1·... - .. .. .... - ... . .... - ....... - .... 20¼Quicksilver.... . . . . . . . . . . . . 14 - 16 14 - 16 14 - 17¼ 13 - 15 14½Pref.. . . . . . . . . . . . . . . . . . . . . . . 21 - 22 20¾- 23 21¾- 25½ 19¾- 21¾ 22 Canton . . ...... . . . ....... . ... 28 - 28 . ... 26 - 26 20 - 20 20 Manhattan Gas ...... . ... ·1 ·... - ........ - ... 222 -222 217 -220 .... New York Gas . . .. . ....... .. .. - .. . ... . . - . . . . . . .. U~ion Tru ■t Co .. . ... ........ . - .... 132 -182   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  1  18½19 56-}fr02""* 43¾39%-  23½ 25 20}.( 20 63¼ 57¾96 95 47~ 43¼47 40 84 - 90 181 -  25 20¾ 71~ 99¾ 46½ 42 82¼  ~~¼ .~.~½= ~~~ .~.¼= ~~--  24 - 25 17 - 24¼ 70¼- 83¼ 92 -100 44 - 46¼ 41 - 45 82 - 84½  25¼ 22¼- 24¾ 21 - 24¼ 20½- 23½  24¼- 24¼ 23-24 19 - 22,( 76¼- 84% 92 -100 45¼- 55:l,4 44¾- 50 82 - 85 39J,q- 57!,,i  76¾- 84¾ 95½-100 52½- 55½ 44¾- 50 83½- 87 39¾- 40%  .~.¾- 50¼ 24 22 26 . . . . - . . . . 21 - 21 10 9½- 10 9 - 9 .... .... 123 -125 - .... 155 -155 155 -157 5 1 - 1 2 - 3 1¼- 2 ¾4¾ I¾- 2½ 2 - 2¾ . . . . 2 - 2 '¼20:¼ 20¼- 21¼ 20¾- 21¾ 21¼- 22 21¾- 22¾ 22 15½1 14 - 15 13 - 14§1! 13¼- 20 1 ½- 22½ 13 28¾ 21½- 22 22½- 25 24 - 35 31¾- 36½ 33 20 .. . - .... 17½- 20 14½- U½ 18 - 23 22 ........ - ........ - . ....... - ........ _ ....... . .· ·..· ·. 1·... ·..· - .. .. 128 -128 .... - .... 129 . -129 ... . ........ - .... 120 -120 .... - .... 1[.... -  I  .... - ........ - . . .  19 - 20¼ 20 \. 23¾ 21 -  77¼95¾49 44¾86¼43 -  81J,i{ 90¾ 56 48 87:¼  48¾  79¾ 98},( 51¼ 48¾ 86¾- 87¾ 45 - 52¾  . .. . 25-25 .... ... . 10 - 10 .... .... 145 I¾ l¼- 3¾ 2 1½ 1½- 5 2½23¾ 23 - 25¼ 25½16¾- 18 16 24 45 32!}.!- ~6 28 20 22½ 21 - 22 .. .. 124 -124 ... . 120 -120  28¼  75)496,(49 46¾-  120  ~.(  5 803,( 1~  33~ 20  RAILRO.AJJ AN.D 1.lfISOELL.ANEOUS STOCKS. 18178. MARCH.  JANUARY FEBR'RY.  APRIL.  MAY.  JUNE.  JULY.  AUGUST. 8EPT'BER. OCTOBER. NOV'BER. DEC'BER.  - - - - - - - - - - - - - - - ----------------- -----------1---_ _ _ _ _ _ _ Low. High L ow. High Low. High Low. High Low. High Low. High Low. Higl1 Low. High Low. Hll!;h Low. High Low. High Low. High  STOCKS.  83¾ 80 - 81¼ 70¼- 73¾ 80 81 - 83 lbany&Susquehannu.. 73½- 75 74 - 75 73¼- 80 75¼- 78 77 - 83 80 - 85 82¼- 84 80 - 81 ur. C. Rap. & North . .. 13¾- 17¼ 17½- ~¾ 22¾- 84 29 - 82¾ 27 - 82¼ 21%- 83¼ ~ - SO¾ 24 - 28 22½- 28 22½- 23 21 - 22½ 22¾- 25 88 - 45¼ 89 - 43 - .... .... anada Southern..... . . . ent. of New Jersey ..... 18¾- 18½ 15 - 18¾ 13½- 1'77,-1! 15¼ - 18 16%- 26¼ 25¼- 85½ 84 - 45¼ 82 - 38% 88 - 38¾ 26¾- 36¼ 28 - 83¼ 2 ~ 84,t 78 - 80 82 77¼84 79¾85 83 85 80 85 76½81¾ 77)479 70 75½ 72 78 66¾78½ hicallO & Alton . .. ... .. .. 75¾- 79¾ 67}:!99 -101 102 -105 102 -108¾ 101 -104 101 -101¾ 102 -104¼ .... - ........ - ... . 99)4-100 07¾-100 Pref.................... .... 100 -101¼ 07¾- 102 hie. Bur. & Quincy . . .. . 102 -103¾ 007-1- 105¾ 00¾-101¾ lOl¼-106 100 -105¼ 104 -108 • 106¼-114% x08J4-112¾ 108"'),h-112¾ 108 -118 110 -112¾ lOIS¼-111 27½- 82¾ 29¾- 32¾ 80¼- 8~ 88%-- 87 hie. 1Ui1. & St. Paul . . .. 80 - 39¾ 36¾- 38¾ 87¾- 43'½ 48½- 51¾ 49 - 54¾ 48¼- 54% 34¾- 54¾ 28 - 36 70%- 84¾ 65 - 72½ 64¾- 711{ 64 - 08¼ ~ - 72¾ 71 - 76~ 77 - 82 Pref.................. . . . . . . 63¼- 73¾ 68¾- 70¾ 09¾- 78¼ 71¾- 75¼ 72¾- 81 42¾ S~s- 42½ 40¾- 48¼ :z:45¾- ~ 83¾36¾ 82½52¾ 88 54¾ 44¼54½ 40¼55¾ 45 hie. & Northwestern .. 34 - 38 33¼- 85¼ 85 - 45¾ 64 - 72½ 08¼- 74½ 72¾- 78 i:74'4- 78¾ 70:is- 78¾ O~- 77¾ 60 - 79¼ 02¾- 09 .Pref........ . . . . . . . . . . . . . . . . 01½- 04¼ 50¼- 02¾ 62¼- 71¾ 69½- 76 hie. & Rock Island... .. 98¾-100¾ 9~s- 09½ 99 -103-¼ 101½- 107¾ 104¼-1127/4 112 -119½ xll¾-117% 111 -117% 110½-119 :z:12½-11~ 115¾-118¾ 117¼-122 SO - 88'¼ 81¼- 84¼ 28 - 28¼ 28 - 84¾ 29¾- 83 25 - 27 27 - SO¼ 25¾- 82¾ 25½- 29¼ 24¾- 83 lev. Col. Cin. & Ind .. . . 84 - 38¾ 27~.:- 84 leve. & Pitts., 1:uar . . . 70¼- 78 63½- 72% 66 - 77¾ 74¾- 77:l,! 74¼- 81¾ 777,.-t- 34~,._, 79 - 83¾ 79 - 81¾ 79¾- 85 80½- 84½ .z:81¼- 83½ 82¼- 83¼ 4¾- IS¾ ll¾- 6¾ IS½ S¼4'½ S½4% S½4¾ S¾4¾ S¾6 S - 4¾ S¾2¼- 4¾ ol. Chic. & Ind. C..... .. 2¼-- 3½ 2¼- S el. Lack. & Western. . 46½- 52¾ 46½- 50¼ 40%- 50¾ 50¼- 58 51¾- 56¾ 55¼- 59¾ 55¼- 61¾ 50¾- 58¼ 50½- 50¾ 48%- 156¼ 45%- 52¾ 41 - 47 IS5 - 55 55 - 00 50 - 68 60 - 61¼ 03 - 64½ 65 - 69 . . . . - . . . . 62 - 65 60 - 60 63 - 6'J ubuque & S. City .. .•... . . . . . - . . . . . . . . 9 - 9¾ 9¼- 11½ 10¾- 13¾ 11¾- 15¾ 14¼- 17% 15¾- 1~ 14¾- 18% 12¾- 14¾ 10¼- 14% rte........................ . . 7¾- 10 22¾ 17¾20¾ 17¼- 19¼ 18¼84 assess. paid ... . .. .. . . • •-• - • --- . . . . 22¼- 28 .... - ....•... - •... 29¼- 84¾ 28 - 28 so - 35 30 - SS 21½- 24¼ 23¼- 27¼ 26½- 32 22 - 22 Pref.. ............ .. . . ... . . . 22 - 22 29 - 88 31 - 32 29 - 31 $2 assess. paid .... ... ... • •• • - ........ an. & St.Joseph... .. .. . 10¾- 12½ LO - 11¼ 10 - 11½ 11½- 13¼ 11¼- 12¾ 11 - 12¾ 11 - 11'.h, 11 - 14¼ 18¾- 16¼ 13¾- 15J.i 13¼- 16¾ 18 - 15 Pref................... . ... . 22¾- 27 21¾- 25½ 21¾- 26¼ 25¼- 81¾ 26½- 29¼ 26¼- 28¾ 26¾- 28 25¼- 36 85 - 40 36¾- 40 83 - 41¾ 83¾- 86¼ arlem ............. . .... .. . 141 -142 141 -142½ 141¾-149 148 -149 147 -148½ 138 -148¾ 189 -140½ 138 -189 180½-188¾ 135 -136½ 188 -142½ :z:139 -148 Pref.... . . . . . . . . . . . . . . . . . . . . . . . . - . . . . . . . . - . . . . . . . . - . . . . . . . . - . . . . . . . . - . . . . . . . - . . . . . . . . - . . . . . . . . - . . . . . . . . - . . . . . . . . - .... 188 -138 142 -142!J:! 74¾- 80¼ 74¾- '79¾ linois Central... . ..... .. 73 - 75½ 72¾- 77 73½- 75¾ 74¾- '76¾ 76 - 84:!11 82¾- 85¾ 82½- 87 .z:70 - 84½ 78 - 83¾ 74 - 83 4¼- 12¾ 10¼- 12¾ 10 - 11~ 7 - 8¾ 6 - 8¼ 5 - 6¾ 4 - IS½ 4¼- 5 O¼- 9¼ 6¾- 9 ansas Pacific........ . . . . 6¾- 7¾ 5½- 8 ake Shore.............. . . 59¾- 63:¾ ~i- 62¾ 61 - 65¾ 61%- 61l¾ 61¼- 63% 55¼- 65¼ 50¾- 05½ 159¾- 67 64%- 69¾ 64¾- 70¼ 67¼- 70¼ 68¼- 71~ 39 - 89 38 - 89 85 - 35 36 - 36 ouisville &Nashville. •··· - •··· ... . - ....... - ... . .... - ........ - ... . 35½- 36¾ .... - ........ 07¾- '75 59 - 70¾ 68¾- 7~ 65 - 71¾ 68¼- 70 59 - 60'½ 59¾- 65}.! 65¼- 72¾ 63½- 71¼ 63¾- 71¼ 63 - 69 ichigan Central..... .. . 58½- 63 5 - 7¼ 7¼ 4¼4¾ S½4¼ 2¼2½ 2 S 2¼S¾ 2½S 2¾3½- ~ 2¾- S'½ 2;}.(- 4¾ Io. Kansas & Texn!I. . . S½- 4 82¾- 86¾ 80½- 84½ 82½- 85¼ 79 - 84¾ 79¾- 84¼ :z:78¾- 80¼ 82 - 89 67¾- 79¾ 76 - 80¾ 77¼- 85 forris & Essex ........ . .. 7L - 75'½ 67¾- 75 ashv. Chatt. & St. L . . . ··· · - ··· · .... - .. .. .... - ........ - ... .. . . . - ........ - ........ - ........ . .... 32 - 83¼ 29 - SO SO - SO .... - .. . ew Jerse-y . ............... 120 - 122¼ 120 -120 .. . . - . ... 119½-120 120½-120½ 122 -122½ 120 -127¼ 127 -127 127¾-127¾ 1.27¾-127¾ 128 -129¾ 180 -130 l¼- 1;14 l¾- 23,( l - 1¾ 1¼- 1½ 1 - 1¾ 1 - 17-1 1 - 1 .... .J.Southern ............. 1¼- 1¾ 1¼- 1¼ 1 - 1¾ 1 - l • Y. C. & Hud. River .. 104¾-108¾ 10$¾-106 103¼-1077~ 105¾-109¼ 105¾-llO½ 107 -112 108¾-110 107¼-112 111½-115 109 -114 110 -112½ xl0¾-114 ew York Elevated ... . . 75 -100 .. . . - . . ... ... - ........ - ........ - ........ - . . ...... - ........ - ........ - .... 85 - 85 80 - 95 07 -118 • Y. N. H. & Hart . . . .. 153¾-155½ 150 -159½ 158 -159¼ 158 -159 159 -160¼ 154 -161 154 -150'½ 156¾-159 158 -159 158¾-159¾ 159 -162¾ 155 -11S7 Ohio & llllssissippi.. .. .. 7 - 8½ 7¾- 8½ 7 - 9¾ 8¼- 11¼ 7½- 9¾ 6¾- !J¾ • 7 - 8¾ 7¼- 8½ ~- 8¼ 'i¼- 8¼ 6¼- 8¼ 'i¼- 17¼ Pref........................ 14 - 15 12 - H½ 13½- 13½ 15¾- 20 15¼- 17 12 - 18 13¾- 14 18¾- 18¾ 14¼- 15½ 13¾- 15 14 - 15¾ llSJ,i- lQ¾ l - 1 .... .... Pacific of lllissouri....... 1½- 1½ . . . . Panama ..................... 112 - 125 121 - 181 129 -130 125 -127¼ 118 -124¾ 120 -125 120 -130 125½-1261/4 124 -125 120¾-124¾ 122 -124 121 -128 96¼- 99¼ 97¼-100¾ x00¼-102 Pitts. Ft. W. & C., guar, 87 - 92 85 - 80¾ 88 - 02 90 ~ 92½ 90 - 97~I \JS - 98 94¾- 96 94¾- 95½ 95½-lOG - . . . . . . . . - . . . . 84¾- 84.¾ . . . . Special..... . . . . . . . . . . . . . . . --• - - • -• -101 100 -100 100 -100 100 101¾ 07 - 97 100 98 -100 100¼-100¼ 100 -100 96 - 96 Ren. & Sarato:la .... . .. . . -• •• - ... • . ... - . . . . 90 - 90 4 - 4¾ 2¼- 4 1 - 1½ 2 - 2 2 - 2 2 - 2 .... St. Louis Alt. & T. H.... 4½- 4½ S¼- S½ . ... 9 - 10¼ 7¼- 9 5 - 5 5 - 12 . . . . Pref. . . . . . . . . . . . . . . . . . . . . . . . 16½- 17¾ 12¼- 13 12 - 14:U 12 - 12 11¼- 1s 5 - 6¼ 7¼- 13½ 11,t- lfS¾ 11 - 14½ 5 - 6 5 - 7¼ 7¼- 8¾ 6¾- 7½ 6 - 7¼ . . . . ·St. L. I. lll. & South .. ... 6 - 7¼ 5 - 6 4¼- 4¾ 4¾- 5¾ 4¼- 7% 6½- 7¾ 4¼- 5¾ 4¼- 4¾ 3¾- 4~ 4 - 4 4 .. 5 St. L. K. C. & North . . . .. 4 - 4½ 4¼- 4¾ 4 - 5 24'-(- 26¼ 20½- 22¾ 21 - 26 20¼- 21 20 - 21 Pref.............. . . . . . . . . . 20½- 23¾ 20½- 22 19 - 28¾ 20)4- 23 20 - 22 20¼- 22 . . . . 1½- 234 1¾- S¾ 83(- 4¼ St. Louis & San Fran ... . . . . 3¼- 4¾ 43,(- 5~ 1¼- 1¾ 1½- 2¾ 2 - ~ S¼- 5 Pref.••••••• •• • ........ • -•-• 2½- S¼ S - S¼ s - 8¼ 2¼- 2¾ 1¾- 2¾ . . . . '7},- 9¾ 9¼- 11,t 6½- 9 . 15½- 8 1st pref. . . . . . . . . . . . . . . . . . . . . . . . - . . . . . . . . - . .. . 120 -120¾ 120 -1.20 .... - ....... . Stonin1Cton . ... .. . ............ . . - . . . . . 69¾ 05¼- 68 65¾60¼ 60 67 64 65¾ 61¾66 61¾67¾- 72¾ 68¾- 72¼ 64 - 70¼ 68 - 78 67 - 68 Union Pacific.•••• -. ... • • -- 6-1¾- 69 Wabash . . · ·· · ··•·· -· · ·· · · · -. 14½- 17% 15½- 17 18¾- 18½ 14¾- 20¾ 12¾- 15¾ 12¼- 16¾ 18¼- llS 12"- 15¾ 14¼- 18¾ 17¾- 19'½ 19¾- 237..-11 20¼- ~ 72 _ 72 . . . . _ .... . .. . _ . . . . . . . . - ..... . . _ . . . . 78 - 78 .... - . . . . . . . . - ........ - ... . Warren.. . . . . . . . . . . . . . . . . . . 73 - 73 . . . . - . . . . . . . . _  .MISCELLANEOUS. Paciftclllail .............. .. 21½- 237/8 22 - 23½ 16¾- 23¾ 17'1~- 22¾ 17'½- 21¼ 14¾- 19¾ 15 - 17'½ 15%- 187h 17 - 18¾ 15 - 18¾ 14¾- 16¼ 12½- 15 20 - 20~ 20 - 20½ 19 - 20 20 - 20 19 - 20 18 - 22 . . . . - . . . . 20 - 20 15 - 15 . . . . American Dist. Tel.. . . . . . . . . - . . . . . . . . ~ - 29½ 28¾- ~ 25 - 28 Atlantic & Pac. Tel.• ••• - 19¾- 20¾ 20 - 22¾ 18¾- 21½ 20 - 22¾ 21 - 23½ 22¾- 27!14 25¾- 27¾ 26 - 27 27 - 31 64 - 64 63 - 63 01 - 63 62 - 62 Gold & Stock Tel...... . . . . . . . - . . . . . . . . 15¼- 15½ . . . . - .... Southern & Atl. Tel..... . . . . - . . . . . . . . _ 98~-102 :z:92¾- 96~ 92 - 97¾ ~-102 94 84¾Western Union Tel.. .. .. 75½- 78¾ '75¼- 77¼ 76¼- SO¾ 79¾- 84¼ 79¼- 837/4 83½- 87½ 87¼- 05¼ Adams Express ..... . ••••• 98 -100½ 100¼-103¾ 100 -102 101¾-102½ 101 -104 102 -103¾ 103½-105½ 102¼-106 105 -106½ 106 -109¼ 1015¾-108 105¼-107 American Express ..... .. 47¾- 50 48 - 49¼ 48 - 49½ 48½- 49½ 48½- 52¼ 47 - 40½ 46½- 477/4 46 - 50 48¾- 50¼ 47¾- 49'½ 48 - 50¾ :z:46 - ISO 47 - 48¾ 41S - 47~ 47¾- 50 46¾- 43½ 44 - 48½ 49 - 50 47 - 49 46¾- 50 50 - 51 United States Express. • 46 - 48 47¼- 51¾ 49½- 51 00¼- 93½ 95 - 07½ 98 - 00¾ 95 - 00~ Wells, Fargo & Co. Ex. 82½- 87¾ 83¼- 85 84½- 88 89 - 80 89½- 91¾ 92 - 95 .:90¼- 04¾ 90 - 91 37¼- 47½ 34¾- 88½ 52~~ 43½58 48¾54¾ 47¾Del. & Hudson Canal.. - 45 - 52¼ 45¼- 50)4 46¾- 56~; 51¾- 57¾ 51¼- 50¾ 55 - 58½ 53½- 59'½ 28 - so .... 32 - 32 .. . . Amei-ican Coal........ . ... . . . . 25 _. 25 25 - 25 24¾- 25 . . . . - . . . . 25 - 25 24¾- 24;t 25 - 25 25 - 25 25 - 25 - .... 25 - 25 Consolidation Coal. . . . . . . . . . 10 - 10 10 - 10 10 - 10 O¼- 10 .... o - o lllaryland Coal........ ... . 9½- O½ . . . . . ... 155 155 -155 - .. .. 140 -141 Pennsylvania Coal ....... .. . . - .. . 150 -_150 [. :.· . - .. . ..... - .... 155 - 155 152 - 155 152 73½- 78½ .... ·11 - 73 Penn. Anthracite Coal.. . . . . 50 - 50 .. .. Sp1.•inll lllountain Coal. . . . . . - . . . . . . . . - : : : : 1· . . ¾- l¾ 1½- S½ 2½- 3¾ . . . . ¾- ~ 1½- 2¾ 1¼- 1½ 1¾- 1¾ ¼- 1½ 1 - 1 . ... S~- S~ Mariposa L. & M. Co... ¼- 2 1 - 1 .... 2¾- s ¾- 2¾. .. . Pref........................ 1½- 1½ 2¼- S½ 2¼- s~ s - a 39~ x38¾39¾ x88 38½ 86 89~ 36½ 88}~x85½40 37 32 - 85¾ 35 38¾- 40½ so - 41 84¾SO½- 82 Ontario Silver lllinina,r .. SO - 81 9¼- 12 10½- 18 Quicksilver.. . . . . . . . . . . . . . . 15½- 16 16 - 19¾ 17¼- 18¾ 16¾- 18½ 16 - 16'½ 14 - 167-f 18 - 18¾ 12 - 13½ 12 - 18 12¾- 18 Pref.••••• •..... . ... . ... ... . 30 - 31¾ 29¾- 31¾ so - 30 30½- 31½ so - 84 33 - 37 81½- 88¾ so - 85 38 - 88¾ 32¼- 38¾ 81½- 34¼ 82 - 88¾ 16¾- 19 15 - 15 14%- 16 15¼- 16 16 - 16 22 - 28 19 - 25¾ .... 18 - 19 Canton .......... . . ............ .. Manhattan Gas .. .. ........ .. . - .... 150 -150 140 -149 .... 'ew York Gas .. . . . ... .... 120 -120 - . ... 80-80 .... - .... 80-80 NewYorklllutual Gas . . . . .. ... . 75 - 75 .... Pullman Palace Car Co. ';'5 - 78 74½- '74½ 75 - 75¾ 72¼- 78 69½- '74¾ 7~- 76 74¾- 76¼ 70 - 80 72 - 77% 73 - 78¾ 72½- 77¾ x.73½- 77 Union Trust Co ... .... . ... 105 -105 . . . .. . 115 -115 . . .. . ... ... ... Co Sutro. Tunnel S½- 5  - ...·I·...  1879.  --STOCKS  JANUARY  .  JtY JULY. JUNE. MAY. ~URCH. ~- - - - -APRIL. - - - -FEBR' --- - - - ---- ----  AUGUST. SEPT'BER. OCTOBER. NOV 1BER. DEC 1BER.  Low.High Low. Hi~h Low.High Low.High T,ow.Hlgh Low.High Low.High Low.High Low.High Low.High Low.High Low.High  RAILROA D. Albany & Susque hanna. Bos. & N. Y. A. L. pref. BUJ.•l. C.R. & Northern. Oanada Souther n .... ... Cedar Falls & M inn ..... Central of New J ersey .. Cheliapeake & 0 hio .....  - --.  77 - 82¼ 79½ - 87½ tlO - 82 - . .. .... . - ... . .. . . - .... 22 - 25 23½- 32 29¼ - 83 45¼- 58¾ 55 - 58 53r.i- 68½  ....  82 40 31¾5'77,.-t-  ... . - .... ... - .... .... - .... .... 83½- 46  .... -   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  ....  90 48 85 62½  ----  ----  ---  89 - 93 40¾- 43½ 84½- 40¼ 58¾- 61  89¾- 92 41¾- 427/8 36 - 39 55 - 58½  .... .... - . ... .. .  36¾- 47% 35 - 39¾ 38¾:- 45¼ 43 - 52 .... - . ... .... - ... . ... . - . ... S½- 10  - . ... . ...  - . ...  50¾-54¾ 50%-55 5 - 8 6¾- 8¾  02 88¾- 95 41½ 42 - 49 68 54 - 75 60¼ 58 - 70¾  05 -100 46¼- 61 55 - 70 68¾- 77½ .... - .... - . ... 10 - 13 47¾- 54,t 49'7k 61½ 60 - 80¾ 6¼- 17¼ 6¾ -10½ 9¾- 14¾  90 40 85 - 42 37 - 50¾ 45!,;(58 56 - 01  88 - 92  ....  -102 00 -108¾ 50 - 54 - 58 - 62½ 515½- 60 - 78½ 64¾- 74 11 - ~] . 69~- 8~ 71 -M¾ l!>¼-19¾ 18¾- 23 09 48 57 64  ...  ....  RAILROA.D AN.D .MISCELLANEOUS STOCKS. 18?'9-Continued. ~TOCK~.  JANUARY l:<'EBR'RY.  MARCH.  APRIL.  MAY.  JUNE.  JULY.  AUGUST. fi!EPT'Bll:R. OCTOBER. NOV'BER.  D.E:C'BER.  _ _ _ _ _ __ _ _ _ __ Low.High Low.High Low. F!igh Low.Hig~ Low.High Low.High Low.High Low.High Low.High Low.High Low. High Low.High  Ches. & Ohio, ht pref. . .... - ........ - . . 5 - 5 4½- 4½ 9½- 16½ 9¾- 12¼ 11;14- 13¼ 13 - 13 11½- 19 16 - 27 21 - 87 25 - 30 !Jd pref.............. .. .. . .. . . . . - . . . . . . . . - . . . . . . . . - . . . . . . . . - . . . . 7¼- 12.½ 5¾, 9¼ 8).i- 9½ . . . . - . . . . 7¾- 12¼ 11¼- 16¾ 15¼- 29½ 20 - 22½ Chicairo & Alton.. . .. .. ... 797-{- 88 :x:78 - 87 75 - 80 75 - 80 77 - 85 81}(- 8434 84 - 88¼ x86 - 95 88 - 97 94½- 99'7Ai 97¼-100¼ 98 -100 Pref. ......... . . ... ......... 105½-106 107½-110 108 -110 109 -109 108 -110 114 -114 114 -114 .... - .... 110 -110½ 110 -110¼ 112½-115 .. .. _ ... . Chic. Bur. & Quincy .. ... lll¼-117½ 115½-122¼ 112¾--115¼ 112¾-115 113:J.4-118½ 114¼-116 116 -119 KlS¾-119½ 11334-115½; 113¼--124 117¼-12¾{ 119 -184½ Chic. Mil. & St. Paul . . . . 34¾-- 48¾ 37¾- 42½ 35¼- 41% 39!14- 4334 40¾-- 51~ 50%- 54% 50¾- 04¼ 61¼- 70 64¾- 71 67¾-- 75¼ 09 - 82¼ 68¼- 70 Pref........ . . . .... . . . . .. . . . 74lJt- 85¼ 79¾- 85¼ 79¼- 83% 79?-f· S3¼ 81)4- 91 90 - 93% 90lJt- 9634 92¾- 97¼ 96¾--101½ 97 - 99½ 97½-102¼ 97 -100¾ Ohicairo & Northwest. . . 49¾- 65¾ 56¼- 6434 51½- 60¾ 57¾- 63½ 58¾-- 64¾ 62¼- 677Ai 63¾-- 74% 72½- 80¾ 75¼- 84 82½- 90¼ 84 - 94½ 85½- 92~ Pref......... . ............ . . . 76¼- 88½ 83¼- 91¼ x83¼- 89 877k 92:Jp 89¾-- 95½ 94½- 98).i 94½- 99½ 96 - 99'7Ai 97½-102 997kl04¾ 101½-108 102 -10634 Ohle. R. I. & Pacific ..... 119 -128 126 -135 128 -183 13034-132½ 13034-141 138¾--140¼ x87½-139% 13834-141½ 138½-142}.( 138½-148½'. 146 -149 147 -150½ Chic. St. Louis & N. O .. .... - ........ - ....... . - ........ - .... . ... - ....... . - . . . . 11 - 12 1134- 11¾ 15 - 20¼ 1834- 25% 21¾- 84;._ 22½- 27 Chic. St. Paul & Minn.. . . . . - ... .... . - .... . . .. - ..... ... - . . . . 21 - 33½ 28,,;- 83½ 32 - 48¾ 38 - 44 38½- 47½ 45 - 51 41 - 56 43 - 48½ Cln. Sand. & Cleveland . . . . . . ....... - . . ...... - .... . ... - ........ - ........ - ........ - . . . . . . . . - ........ - . . . . 27¾- 28 .. .. - ........ - ... . Cleve. Col. Cin. & Ind... 34¾- 48¼ 89½- 46¼ 40 - 44 40½- 48¼ 44¾-- 55 48 - 53½ 50 - 53½ 48¾- 55 50¼- 59% 56 - 71 70 - 85½ 75 - 83 Cleve. & Pitts., iruar .. . . 84½- 94¼ x92 - 95 90 - 92 91:1(- 97¾ x95%- 98.½ 96¾-- ll7½ 97 -100 x98¼-100½ 98?(-104 108 -105¼ lt.J2}i;;-106 104½-107 Col. Chic. & Ind. Cent... 5 - 6 5 - 6¼ 5 - 5¼ 5 - 9 6¾- 8 • 6¾-- 7¼ 6¾-- 77/8 7½- 9¼ 7½- 14¼ 11¾- 20 16 - 28 18 - 24 Del. Lack. & Western .. 48 - 55¾ 49¼- 54% 44¾- 50 477k 54¾ 51¼- 607-f 56½- 60½ 56¼- 62¾ 53¾- 62¾ 55 - 68¼ 67¾- 90 75 - 94 79¾- 86¾ Dubuque & Sioux City.. 60 - 61 58½- 61 57 - 57½ 54 - 57 55 - 55 55¾- 57½ . . . . - . . . . 60 - 60 . . . . - . . .. 59 - 60½ 60 - 60¾ 60 - 60 Erie& Pittsburir ... ..... . .... - ........ - ........ - ........ - .... 80 - 80 .... - .... 82¼- 82,½ .. .. - .... 82 - 85 90 -100 .. .. - .. .. ... . - ... . Frankfort & Kokomo .. . .. . - ........ - .... ... . - .. ...... - .... 23 - 23¾ 2~- 26 26½- 31½ 29lJt- 83½ 20¼- 30 25 - 34 24 - 25 25 - 25½ Hannibal & St. Joseph. 13¾- 15½ 14¾- 16¾ 14½- 16 14 - 21¾ 17%-- 23¾ 19¾-- 22¾ 18 - 21½ 18;.{- 20½ l~- 25½ 24¾- 87,.: 26½- 411/. 28¼- 35¾ Pref. . . .. . .. . . .. . .. .. . . . . . . 34 - 40 37½- 44½ 42 - 45¼ 38 - 44¼ 40¾-- 45½ 40½- 44¾ 37½- 44 40 - 48¾ 40½- 55¼ 53 - 61¾ 52 - 70¾ 55 - 66 Harlem .... . .... .... ...... . . 140½-145½ 147 -160 x52½-155 153 -160 159 -160¼ x156 -159 155 -155 154¾-156 156 -156 156 -165 155 -165 157 -160 Pref. . . .. . .. .. . .. .. .. .. . . . .. .. . . - . . . . . . . . - . . . 154 -154 . . . . - .. _ . . . . - . . . . .. . . - .. .. . . . . - . . . . . . .. - . . .. . . . . - .. . . . . .. - . . . . . . .. - . . .. . . .. _ . . .. Houston & Tex. Cent... . . . . - . .. . . . . . - . . . . . . . . - . . . . . . . . - . . . . . . . . - . . . . . . . . - . . . . 40 - 41¼ 40½- 4134 40 - 60 51 - 59½ 40 - 57 46 - 50 Illlnois Central........... 80 - 89 82 - 88½ 79).i- 82 82).i- 86¾ 85¾- 87¾ 85½- 88¼ 86¾- 9034 x86 - 91 85lJt- 98½ 91 - 98¾ 95 -100¾ 967(-100 Ind. Bloom. & West ..... .... - ........ - ........ - ........ - . ...... . - ........ - .. .. .... - ........ - ... ... . . - ...... .. - . ... 82 - 89 85 - 89 Ind. Cin. & Lafayette .. .... - ........ - ........ - ........ - .. . . 8 - 8 8 - 8¾ 27k 5 8¾- 4¼ 8lJt- 8¾ 6¾-- 18¾ 8 - 17 2 - 10• Joliet & Chicairo .... ......... - ........ - ........ - . . ...... - ........ - ........ - .... 111 -111 .... - . . . . - ........ - ........ - ........ - .. .. Kansas Paclflc. ... . . ... .. 9¼- 18 11½- 22¼ 17 - 22½ 20½- 60 50 - 59!14 54 - 59 56 - 60 53¾- 59½ 55 - 73½ 70 - 85¾ 83¼- 92 85 - 92½ Keokuk & Des Moines . .. .. -· ........ - .. . . 7¾- 8 'n(- 14¾ 11 - 13½ 10).i- 11¼ .... - ........ - . .. . 10 - 14¾ 12½- 23¼ 12¼- 22 137(- 18 Pref....... . . .. .. .. . . . . . . . . . . . . . . - . .. . . .. . - .. .. 21 - 28 22¼- 85 . . . . - . . . . 25 - 25 . . .. - . . . . . . . - . . . . 26 - 34½ 82½- 45 87 - 41 87 - 40¼ Laf. Bloom. & Muncie... . . .. - . . . . . . . . - . . . . .. . . - . . . . . . . . - . . . . .. .. - . . . . . . .. - . . . . . . . . - . . .. . . . . - . . . . 81 - 41 38 - 58 55 - 90 60 - 87 Lake Erie & Western .. . ... - ... ..... - ... . .... - ........ - ........ - .... .. .. - ........ ...... - .... 27 - 28¼ 23¾- 26 21½- 281/. 16 - 24¾ Lake Shore ......... . ..... . 67 - 74¼ 69¾- 72% 68¼- 72,½i 70¾-- 72lJt 72 - 76¾ J:73½- 76¾ 72¼- 80½ 80¾- 93 86¾- 95¾ 92¾-101¾ 99 -108 98¼-105¾ Louisville & Nashville . 37 - 87 35 - 42¾ 41 - 49 47}(- 59¾ 53½- 70½ 51½- 62¼ 51 - 63½ 52 - ~ 54½- 63¼ 62¼- 76¾ 76½- 89¾ 84 - 89½ Lou. New A.lb. & Chic . .. .. .. - . ....... - ........ - ........ - . . ...... - ........ - . . . . . . - . .. . . . . - ....... - ........ - . .. . 50 - 50 47 - 50 Manhattan Elevated.... . . .. - . . . . . . . . - .. .. .. . . - . . . . .. . . - . . . . . . . . - . . . . 45 - 50 35 - 46 37¾- 48 42 - 47 43¼- 64 54¼- 72¾ 50 - 63 Mar. & Qin., 1st pref. ... . . . . - . . .. . .. . - . . . . . . . . - . . . . . . . . - .. . . 4 - 9 8 - 4¾ 3 - 6 6 - 6 6 - 9 834- 15 10 - 18¾ 9 - 127Ai !Id pref.. .. . . . . . . . . . . . . . . . . . . . . . - . . . . . . . . - . . . . . . . . - . . . . . . . . - . . . . 3 - 5 . . . . - . . . . 2½- 4 . . . . - . . . . 4 - 7½ 7 - 10 8 - 15¼ 7¾- 8 Memphis & Charleston . .... - ..... . .. - ........ - ........ - .. ...... - ....... - ........ - .... .. .. .. ...... - . .. . 9 - 9 .... - ........ - .. .. Metropolitan Elevated . .... - ........ - .. . ..... - .. . ... - ........ - .. ..... . - . .. ..... - .... 114½-117 110 -114¼ 109¾-124 122½-1291/. x15½-127 Mlchiiran Central.. ...... ~ - 9014 86½- 89¼ 82}.(- 88¾ 78½- 86<),! 713¾- 82¾ 74¾- 78¾ 73¾- 84% 713¾- 86¾ 79½- 90 86¼- 95>4 8934- 98 x88½-. ~ Mo. Kan. & Texas ....... 5¾- 6¼ 6 - 9 7¼- 11 9¾-- 17¾ 13¾- 18¾ 11¾- 15~ 14½- 16¾ 13~- 17 13¾- 21¼ 19 - 30½ 20 - 35)( 27¾- 83¾ Moblle & Ohio . .......... .. .. - .. ...... - ........ - ........ - . . . . 9 - 11 .... - ........ - . . . . 7¼- 7½ 8 - 12 11 - 25}i 1834- 27½: 19 - 23½ Morris & Essex ........... 75¼- 86¼ 82¼- 86% 81¾- 84¾ 84 - 89 87 - W¼ .1:86¾- 98 89¼- 93¾ 87½- 94 89¾- 94¼ 93¼-102¼ 96 -103¼ xl00-104½ Nash. Chatt. & St. L .... .... - . ....... - ........ - ........ - .... 35¼- 45½ 40 - 42½ 89 - 39 .... - . . . . 377-(-x46 45 - 60>6 58½- 83 68 - 81¾ New Jersey Southern... 1¼- 3¾ 2¾- 8½ l¾- 27,/4 ¾- 2½ 2½- 4 2 - 8 2 - 3¾ 2¾-- 3 2½- 4½ 3½- 8½ 5½- 6,( .... - .... N. Y . Cen. & Hud. R .... . 112%-117¼ 115¼-120 x112-117 ll~-117½ 117%-120¼ xl'l'7kl21¼ 117¾-119½ 116 -120>( 118)4-120 119 -183 126 -189 xl27-183½ New York Elevated ..... 125 -146 135 -141 140 -170 150 -198 181 -200 x129-196 124½- 129 117 -125 120¾-126 119¾-136 124 -136 xl20-l31 N.Y.LakeEri.e&West.* 21¼- 27¾ 24 - 277-{ 28¼- 25¾ 24¼- 27¼ 26¼- 29¼ 26½- 28½ 2734- 28¾ 23 - 28¾ 23¾- 84½ 327(- 43K 32 - 49 87 - 44 Pref.... ...... .. ... .. ... . . . . 37½- 51)4 43½- 50 42½- 46½ 45 - 49% 48 - 54 49§'.!- 52¾ 51¼- 53 44 - 53 45¾- 60 56½- 67k 60 - 78X: 65¼- 72 N. Y, N. Haven & H ..... 159 -161½ 158 -160 159¾-160 15934-160¼ 160 -166 x163 -171 162 -164 157½-163½ 155¾-163 160 -165 154 -1011/. 154).i-160 Northern Pacific .......... .... - ........ - ........ - ........ - ........ - .. . ... .. - . . 16½- 17)4 16 - 17¾ 16½- 24¼ 22¾- 40K 26¾- 87Y- 29 - 34;.( Pref.... .. .. .. . . . . . . . . . . . . . . . . . . - . . . . . . . . - .. . . . . .. - . . . . . . . . - . . . . . . . . - .. .. .. . . - . . .. 4734- 48¼ 44¼- 48 45 - 51¾ 49 - 65 5034- 62 53 - 59¾ Ohio & lllissi88ippi. .. ... 7¾- 11½ 9½- 13 9~- 12½ 10¾- 15¾ 14¾-- 16¾ 13½- 15¾ 13½- 17 15¾-- 16¾ 16 - 20½ 19 - 24¼ 21¾- 83:t 25¾- 80'/Ai Pref.... .... . . . ... . .. . . .. .. . 19 - 33 30 - 40 28½- 37 34 - 89¾ 87¾- 40¾ 85½- 89 87½- 47!1,t 46 - 49½ 47 - 53½ 51 - 55 50½- 64k 54 - 59 Pacific of Missouri .. . . . . . . . . . - . . . . . . . . - . . . . . . . . - . . . . . . . . -· . . . . . . . . - . . . . . . . - . . . . . . . . - . . . . . . . . - . . . . 2 - 12 5¾- 5¾ 8 - 19~. . . . . - .... Panama ....... .......... .... 123 -126 126 -136 130 -135 132 -140 139 '-150 :46 -149½ 150 -155 158 -160 150½-170 166 -182 168¼-175 160 -160 Phila. & Readln~. .. . . ... . .. . . ....... - .. ...... - . ....... - ...... .. - .... .... - ... ..... - ...... . . - ...... .. - ........ - .... 60 - 78 66 - 71% Pitts. Ft. w. & c., iruar. 101 -1071/4 105 -107 :x:08:J,4-106¼ 104!,i-108 108 -1127• :i:0814-110½ 109 -110¼ 110½-113½ 112 -113½ 112 -114 111 -1181/. 111½-113½ Special. . .... .... ... .. ... ...... - ...... .. - ........ - . .. . 96¾- 96¾ .... - ... . 100 -100 .. - ........ - ........ - . .. . .... - ........ - ........ - ... . Rens. & Sarato~a .. . .. .. . .... - .... 100 -107½ 94 -101)4 99 -101¾ 101 -105¾ x:OQ¾-105½ 100 -102 100 -100 100 -103¾ 105 -110 110 -110 112~-114 Rome Wat. & Oiidensb . .. . . - . . . . . . . - ........ - ... ... . - .. . .... . - .. .. 13¼- 18 16 - 24 25 - 26 17 - 20 16 - 26½ 21 - 28 24 - 24 St. Louis Alton & T. H. 1½- 8 3¾- 4 3½- 8½ 3 - 10 8¼- 12x; 8 - 8 7 - 8¼ 9¼- 10 9 - 12½ 12¾- 18 15 - 24){ 16 - 11% Pref........ ...... .. .. . . . .. 10¼- 11 9 - 9 10 - 10 11¼- 21 18½- 21 18¾- 1~ .... - .. .. 15 - 16~ 14 - 25¼ 25 - 37 80 - 46 40 - 45 St. Louis I.Mt. & South. 13 - 17Y. 15 - 16¼ 14 - 16¼ 14½- 23½ 2034- SO}{ 23 - 28¾ 24¼- 28½ 26¾- 29Y.: 27¾- 45½ 42½- 52 84 - 56 41½- 49½ St.-Louis Kan, C. & N o. 7 - 9 7¾- 9 7¼- ~ 7½- 15¾ 14¼- 17.!i 13¼- 17¾ 16)4- 20 19½- 22),( 21M- 25¼ 23¼-- 46 48¾- 47}.:'. .... - ... . Pref......... .. . .. .. . . . . . . 25½- 38:¾; 85 - 87¼ 81 .. 85¾ 29¼- 427A 40 - 45¼ 38 - 46¼ 44½- 53¾ 52½- 58){ M¾- 61 5834- 71¼ 68 - 72}( . . . . - ... . St. Louis & S.Francisco 8¼- 3;1( 87'{- 5¾ 4 - 7¾ 6¾-- 11¾ 9¼- 11¼ 77k 10¼ 8¼-- 10½ 9¾- 1~ ( 12 - 22 18½- 29 27½- 58 so - 49 Pref.... . ....... . . . . . . . . . 41,fr- 4;l, 4¾-- 6½ 4¾- 9½ 8 - 13½ 10¾- 12¾ 9 - 11½ 10½- 12% 11¾- l8i.[ 17 - 23½ 21¾-- 35 83¼- 60}_ 88½- 57 First pref..: .. ·····: .. · ·-- IJ~- ll½I 10 - 18½ 11 - 19¾ 17¾- 28½ 22 - 26 19¾= 23¼ 22 = 26 24½- 44.½; _41 - 49½ 45½- 56 54½- 78){ 59¾- 75¾ St. Paul & Sioux City... . . . . - . . . . . . . - . . . . . . . . - . . . . . . . . - . . . . . . . . - . . . . . . . . .. . .. . . . . . . . . . - . . . . 81 - 89 27½- 32 27 - 45}( 85 - 89¼ Pref.......... . ............. .... - ........ - ........ _ ... ..... - ........ _ .... .... - .... .... - ........ - . . .. 58½- 69¼ 56¾- 62 56¾- 79% 69 - 76 Stoninirton ........ ........,. .... - ........ - ........ - ..... ... - ........ - . ....... - .... 125 -125 .... - ........ - ....... . - . ... .... - ........ - ... . Terre Haute & Indian's . . . . - . . . . . . . . - . . . . . . . . - . . . . . . . . - . . . . . . . - . . . . . . . . - . . . . . . . . - . . . . . . . . - . . . . . . - . . .. 100 -100 . . . . - . . . . . . . . - ... . Toi. Peoria & Warsaw . .... - ...... .. - .... . ... - ........ - ........ - ... . ... . - ....... • - .... . ... - . .. . 5 - 10½ 10 - 16¼ •· - • .. • •·· · - .. . . Union Pacific .... ... .. . .. .. 57½- 68½ 63½- 81 :x:6~- 74¾ 71¼- 76¾ 71:¾{- 75½ 74 - 79 75¾- 78¼ 75½- 79% 77¾-x85¾ 84¾- 95 73 - 9234 81¼- 87 United Cos. ofN. J .... ... 184¼-135 136½-137¼ 135 -135 136 -138 140½-144 142¾-142½ 148 -145 146 -147¾ .... - .. .. 150 -150 147 -150 .... - .. . Wabash ... ............... 20¾-25 21¾-- 23¼ 17ll:I'.- 21% 17¾-34¾ 82¾- 89¾ 35¼- 38 35 - 38¼ 84¾- 40 86½- 44¾ ·42 - 60¾ 46 - 62¾ . ... - . . .. Wah. St. Louis & Pac .. . .... - ........ - ........ - . .... ... - ........ - ........ - . . . . . . - ........ - ........ - . . . . ••· - •. •. 29 - 50 87¾- 45¼ Pref.. ... . ... . . . . . . . . . . . . . . . . . . - . . . . . . . . - . . . . . . . . _ . . . . . . . . _ . . . . . . . . _ . . . . . . . . - . . . . . . . . - . . . . . . . . - . . . . . . . . - . . . . . . . . - . . . . 59 - 78 59¾- 70¾ Warren ........ ......... ........ - . . . . 80 - 80 83 - 83 80 - 80 .... - .. ... . .. - . .. . ... . - ...• . ... - ........ - ........ - .. . . 97½- 97½ .... - .. . TELEGRAPH . American District...... . . 23 - 32½ Atlantic & Pacific. ....... 29 - 38¾ Gold & Stock .... . ......... 64 - 64 We ■tern Union .... ........ 94¾--103¼  34 - 48 357~ 88½ .... - .... 98 -106½  44 - 49½ x35 - 39¾ 68¼- 78¾ x02¾- 108  48 SS 76 103  EXPRESS. Adp.ms . .... ............ .... 105 -107 American... . .... . . . . . . . . .. 46½- 49½ United States............ . . 45 - 50 Wells, Fariro & Co ....... x93 - , 99  105¼-109¼ 48¼- 50 47 - 49½ 96½-100  105 -106¼ 47½- 50 48 - 49 98¾-100½  105½-108½ x00¾-110 48 - 49½ 47 - 50 47 - 49¾ x45 - 48¾ 99 -100½ 97 -100½  COAL A.ND lllINING, American Coal .... ... .. ... .... Carabou Consol. Mininir . . . . Central Arizona Min . .... . . Climax Mining ....... . .... .... Conliolidation Coal.... ... 20  64 - 69½1X58½35¼- 40¼ 85 80 - 80 75 +91 -116 89¼-  65 62 - 65 37¼ 84 - 37¾ 84 .. . . - . . . . 93¼ 88¾- 95¾  105 -1077,.-s 10334-107  64 81½80 x91¾-  65 - 74 35 - 48½ 90 -105 92¼'-106  70 - 76}4 70 - 74 39 - 49¼ x39¼- 48lJt .... - .... .... - .. . . 1027kll0 x98¾-109¾  100 -100½ 99 -103% 102¾-107 51 - 65 45½- 60½ 97 -100 98½-100 99'7kl06  103½-108 104 -1067( 55½- 65 57 - 61 x49 -x56 46¾- 50 102½-104½ 108 -106  x46½- 497,-1i 46¾- 48 45 - 47½ 46 - 51 46¾- 48½ 46¼- 48½ x41½- 46½ 42½- 46  99 -100¼ x96J,i-100  21 - 21  .... -  50 -58 60 -60¼ ... . - .. .. 4½- 5 4½- 5¾ 4;.(- 5¾ _ ....... _ ........ _ ........ _ ........ - ........ - . . . . 10 - 10½ 10¼- 17 20¾- 28½ - ...... .. - .. . ..... - ..... .. . - ........ - ........ - .... . ... - ........ - .... 8¼-8¼ - . . . . 23 - 28 20 - 22 .. . . - . . . . .. .. - .. .. 22½- 26 29 - 41 81 - 40 83 - 88  • Prior to August 22 these 11old as "Erie, $4 asses11ment paid," and "Erie preferred, $2 assessment paid."  t lllx 1crip dividend of 17 per cent, and oaah 1~ per cent.   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  67 37% 80 96¼  - ........ - .... 83½-83½ 83 -33 .... - . ... 34 -34 - . . . . . . . . - .. . . .. . . - . . . . 6¼- f3¾ 6 - 6½ 4¾- 6  - 20  - 60 58 - 72½ - 87½ 82¾- 427/4 - 82¾ 80 - 80 -108 1027k114¾  RAILROAJJ ANJJ MISOELLANEOUS STOOKS. 18119-Concluded. STOCKS.  JANUARY l!'EBR'RY.  MARCH.  APRIL.  JUNE.  MAY.  JULY.  AUGUST SEPT'BER. OCTOBER. Nov'BER. DE0 1BJl:B.  _____ _ _ __ _ _ ,_L_ow.High Low.High Low.High Low.High Low.High Low.High Low.High Low.High Low.High Low.High L_o_w_._H_ig_h L_ow_.H_tg_h  Cumbe1·l'd Coal & Iron . .... - ........ - ........ - ........ - ........ Excelsior lllinina-......... . . . . - . . . . . . . . - . . . . . . . . - . . . . . . . . - . . . . . . . . Homestake Mining . . . . . . 21¼'.- 26¼ 24½- 27¾ 27¾- 35 30¼- 33 32¾La Plata Mining... . . . . . . . . . . . Leadville lllining ............. Little Pittsb. Mining . . . . . . . . Mariposa Land & lllin.. 1 ¾- 3 .... 2¾- 8 6¼Pref. .... . . . . . . . . . . . . . . . . . . . . . . . 1 3 - 7¼ 6½Maryland Coal. ........... . .... - . . . . 10 -  89  ::::~i:n:;~e~;;!~i~·~:: · Pennsylvania Coal.. ..... 135 Quicksilver Mining. . .... 12 Pref. . .......... .. ... .. . . . . . 82 Sprina- Mountain Coal.. . . . . Spruct, Hill Coal.... .. . . . . . . . Standard Consol. Min ... .... Wilkesbarre Coal & I ......  = 39¼ -185 - 15½ - 35  39¼- 40¼ x39½- 40¼ 130 -136 134 -137 12 - 15½ 11 - 12¾ 3:%- 85½ 34¼- 36  -  VARIOUS. Boston Land Co........... . . . . Boston Water Power . . . . . . Canton.. . . .. . . . . .. . .. . . . . . . . 24¼Cent. ofN .J. Ld. & Imp. . . . . Del. & Hudson Canal . . 38 N. Y. Life & _Trust .... ....... Orea-onR'y&Nav. Co ...... Pacific Mail.............. 10¾Pullman Palace Car..... 73¼Sutro Tunnel*........ . ... 2¾-  40½ ·  ...  36 - 39¾ 87 - 38¾ 88 - 89½ 38¾- 42¼ 89¼S¼2¾- 2¾ 2¾- 2¾ 2¾- 27/4 S 29 8 I 5 - 7¾ 4 - 4 2½- 2½ 3 - S½ 3¼8 1 4 - 'i¼ 6½- 6¾ . . . . 4½- 4½ 4¼10 10 - 14½ . . . . - . . . . 12½- 15 13¼- 22 21 -  41 5  3% .... - .......• - ... . SO¼ 28 - 32½ x28¾- 84¼ 5¼ 4¾- 4~4 ...• - ... .  5½ . . . . - . . . . . . . . - ... .  84¼ 20½- 35¼ 24 - 27  40½- 42 142 -15.:i 152 -152 150 -155 150 -150½ 180 -180¾ 14½- 16 14 - 15½ 14 - 14½ 13 - 18 14 - 20¾ 36¼- 38¼ 30 - 40 S8 - 40¾ S8 - 53¼ 49½- 59½ . .. . -t5 - 60 ½- 7 29 - 34¾ x29 - 35 x25%- 31¾ 24 - 29¾ 26 - Sl¾ 29 - 30¼ 3¾- 7 ... .  - .. . . 28 - 82¾ Sl - 46  35 .... .... - . . . . - . . . . . . . . 15 45¼ 38%- 45 38¼- 42 40 - 4~ 45½- 50% 45 .... 360 -360 . ... - ........ - .•...... - .... 366  - 44 - 15 - 51¾ -866  40 - 4'1 41 - 42 . . . . - . . . . 15 - 15 46¼- 50¾ 42¾- 50 .... -  87½- 40¼ 89 - 40¼ 4 - 5 4¾- 5¼  ~~¾= ~~ x!~  39¾ ·88½= 3~½ ·88½- 4i¼ ·41 - 41½  39 = 8872= .. .. - ........ - .... 12 - 16 14 - 177/4 84¼- 38 36 - 46 50 - 50  - .... 25~- 85¾  SO¾ 29¾- 30  ... .. ... - .... 14 - 22 19%- 25 24 - 24){ 19 - 26¾ . . . . . . . . - . . . . . . . . - . . . . . . . . - . . . . . . . . - . . . . . . . . - . . . . 23¼- 29 24¼- 26 38  =x:¼ 179½-195 18 - 25½ 53¾- 69 58¼- 60 .... 27 - 31  10¼8 - 12¾ 10 42 - 50 48 - 59 58 ...• 44¼- 60¼ 59½- 81¾ 59 -  12 14 70  x!~~= !~~  185 -185½ 19½- 28½ 60 - 65¼  27¾- SO¼  10 - 11 10 - 111' 58 - 68¼  89¼ 72 - 79½  ........ - ........ - ........ - ........ - ........ - ........ - ........ - .... 104 -122 97 -110 14 10½- 15¾ Yl - 14 12¾- 15 13½- 15% 14¾- 18¾ 14 - 15% 14½- 18 17~- 29¾ 29¼- 38¾ 26 - 39½ 28'7Ai- 37¼ 81 x80¼-x85 78¼- 84 81 - 85¼ 82 - 85 82 - 82½ 88½- 91 87 - 88 87¼- 97¼ 97¼-100;1! 100 -109¾ 102 -107 4½ 2¾- 4 ~ 4% 4 - 4¾ 4¼- 4% 4¼- 4¾ 4¼- 4¾ 4 - ~ 2%-- 4¼ s - 4¼ 3¼- 6¼ 3¾- 4¾  • Sold per share, not per cent.  1880. STOCKS.  ---------  JUNE, AUGUST. SEPT'BER. OCTOBER. NOV'BER. DEC'BER. APRIL. JULY. MAY. JANUARY FBBR'RY. MARCH. ------- -·-- - - - ---- ---- ---- ---Low.High Low.High Low.High Low.High Low.High Low.High Low.High Low.Hi~h Low.High Low.High Low.High Low.High ---- - - - · - - -- - - - - - - - - - ----  ----  RAILROAD. Albany& Susquehanna. 100 -104 104 -107 105½-110½ 108 -110 104 A.tchison Top. & S.Fe . . ... . - .... ... - . ... .... - . ... .... - .. .. . ... Belleville & So. Ill., p1•f. .... - . ... .... - . ... .... - .... . ... - .... .... Bost. & N.Y. A.-L., p1•ef. 55 - 61¾ 51 - 57 50 - 54 45 - 49½ 87 Brooklyn City ........ .. .... - . ... 158 -158 .... - . ... .... - .... ... 56½- 60 57¼- 80~ 69 - 7:'.>¼ 50 Burl. C. R, & N01·thern. 56 - 60 64%- 69¾ 57¾- 67¼ 40 Canada Southern ..... .... 66¼- 74¼ 65 - 72 Cedar Falls & Minn . .... 14 - 27¾ 23 - 25½ 18 - 29 18 - 24¾ 18 .. .... - .... .... - .... .... Cenn·al Iowa ...... ······· .... - .... .... - .... .... - . ... .... - .... .... 1st pref........... ......... .... - . ... 2d p1•ef............... ..... .... - .... .... - ... . .... - . ... . ... - . ... ... Central of New Jersey . . 79¼- 83½ 80¼- 87¼ 83¾- 90¾ 74¾- 85½ 4.5  109¼-111  111 -115  115 -120  - 43½ 41 - 47½ 45 - 47½ 39¼- 46  40¼- 45  43 - 49  104¾-107  -107  105 -107  107½-111  119 -119 -148 - 60 46 - 50¼i  - .... . ... - . ... .... - .... .... - .... . ... - . ... . ... - . ... 134¾-145½ 143 - . ... .... - .... .... - .... .... - .... . ... - .... .... - . ... . ... - . ... 60 - 47¼ 87  - ... ....  -  .... ....  -  .... ....  -  .... . ... - . ... . ... - . ... ....  - . ...  .... - ....  63½- 66½ 63 - 69½ 66 - 68¾ 64¼- 76½ 57½- 63¾ 59¼- 69¾ 65¼- 73% 68¼-81¾ .... - . ... 15¼-19¼ 18 - 18 17¼- 18 28½- 82 29%- 34% 33½- S5 84¾- S,.,q 77½- 77½ - . ... . .. . - . ... . ... 58 - 75 .... - . ... 'i5 - 77 - .. - .. .. .... - .... . ... - . ... .... - . ... S8 - 47¼ 43½- 44½ .... - . ... - 77¾ 53¾- 69½ 64¾- 77½ 73¾- 78¾ 69 - 80¼ 72¼- 78% 75 - 827,4 75¼- 85¼ 65 - 73 x69 - 74½ 73½- 78¼ 71½- 76 6S - 72 72 - 79¾ 78¾- 86½ 81 - 97½ Central Pacific ............ 81¼- 87 80¼- 84% 76 - 83½ 72 - 80 21¾- 25 19¼- 23 Chesapeake & Obio ...... 19 - 23% 20¾- 28½ 20¾- 25¾ 20¼- 24¼ 15 - 20½ 15¼- 20 16¾- 19½ 18¼- 19½ 17¾- 21¾ 19 - 21 22 25 22¾28 27¼23%31 26 24½- 27 - 28½ 25½-27¼ 25 - 31½ 27!'(- 36¾ 1st pref................... . 30 - 34½ 29½- 34¼ 30¼- 85 - 25½ 23 - 26¾ 20 - 20¾ 19 - 22¾ 20¼- 22¼ 20½- 24 2d pref........ ... ........ .. 22 - 26¼ 23½- 25% 23¼- 27¼ 23½- 25¾ 17 - 19½ 19 - 22 18 - 21 Chicaa-o & Alton .......... 99½-109¼ 106½-110¼ 10674-116 108 -115 103½-108½ 106½-113 110 -115¾ xlS½-118 113 -118 112½-136% 131½-144 136 -151% Pi.•ef...... .................. 117 -120 122 -122 .. .. - . ... 124 -127 122¼-124 .... - . ... 130 -130 xl25½-130 .... - .... 142½- 142½ 140 -144 142 -160 Chic. Bud, & Quincy ... . 136 -152 144½-148 140½-149½ *123-149¾ 113½-125 xll3-122 120 -125¾ 126¼--x.39½ 126 -140 134¼-146 145½-175½ 167 -183½ 87 - 91¼ 87½- 95¼ x91-x106½ 101¼-112?~ 105 -114¾ 68½- 81½ 73 - 89 Chic. lllil. & St. Paul .... 75¼- 80½ 76¼- 81% 79 - 85¾ 75¾- 83¼ 66½- 78 Pref......... .............. lOQ¾-103¼ 102¼-104¼ x03}4-107½ 102 -105¾ 99 -102¾ 99%-106 102 -110 108 -112½ 109½-114 x109¼-x21 117%-124 119 -124¼ Chic. & No1•tl1west ... .... 89 - 92½ 88¼- 93¾ 91¼- 97 92¼- 97 87½- 93% 877Ai- 95¼ 87¼- 99¾ 97¼-101% 99¼-106 105 -117¾ 111¼-130 117¾-129¾ Pref....................... . 104¼-107¾ 104 -107¼ 106½-110½ 1077,4i-110½ 105¾-109¾ 107 -110 107%-115½ 115¼-125¾ 11$¾-126½ 122¾-142¼ 134 -146½ 1813¼-145¼ lJhic. Rock I. & Pacific .. 149 -153½ 141}¾-152½ 151½-190 186 -194¾ 181½-192 189 -204 =ui2·· 1~u6=1-2s¾ 120 -125½ 122¼-143 100½-108½ xOS½xl5¾ lll½-115% . ... New ........................ 82 - 41½ 84¼- 42 26 - 32½ 28 - 86 34½- 39¾ 38½- 42½ 37¼- 41¾ Chjc. St. Louis & N. O ... 25 - 48 35 - 47 37¼- 45 30 - 41 22 - 31 .. . - ..... .... - .... .... - .... . ... - . ... . 47½- 57 45 - 55 49¾-58¾ 54¼- 59½ 55 - 60>2 44¾- 57 Chic. St. Paul & Minn .. 46 - 53 ... - .... .... - .... 100 -100 . ... - .. .. ... - .... .... - .... P1•ef . ..... .. ............... .... - .... .... - ... .... - . - . ... ... . 42½- 46¼ 48 - 51 Chic. St. P. M. & Omaha .... - .... .... - .... . ... - .... .... - . ... .... - . ... .... - . ... 36 - 45¼ 42¼- 477/4 39)4- 45% 41¼- 47 82¾-101¾ Pref........................ ... . - .... .... - .... . ... - . . .. . ... - . ... . ... - .... .... - . .. . 69 - 80 79¾- 84¼ 80!,4- 85% 81¼-86% 82¼- 86 80 - 81 - . 80 - 86½ 86¼- 89¼ . ... - . ... Cin. Ind. St. L. & Chic .. .... - ... .... - .... .... - .... .... - .... .... - .... .... - . ... 75 - 80 78½- 96½ 61 - 76¼ 62 - 72½ 63½- 73 70¼- 73 68¼- 72¾ 70 - 821,s 78¼- 85 Cleve. Col. Cin. & Ind ... 77¾- 81½ 75 - 82% 77 - 80¼ 74 - 80 Cleve. & Pitts. ~uar . .... 106¾-113½ 110½-113½ 110 -111¾ 111 -114 xll0½-114 112>(-118 116 -121½ 119½-125¼ 122 -124 120¼-125 x124-125½ 128 -129¼ 9½- 14 11¾- 18 15 - 1$% 16%- 20 16 - 21¾ 17)4- 20½ 18 - 21¼ 18 - 21¾ Col. Cbic. & 1ml. Cent ... 20¼- 25¾ 20¾- 24¼ 15¼- 21¼ 13¼- 17 - . ... 50 - 50 53 - 53 .... - . Danb1n•y & Norwalk .... ... - .... . ... - .... ... - . ... .... - .. .. .... - .... . ... - . ... . ... - . ... 83)4- 92% 89%- 94% 83¾- 94¾ 68½- 87 Del. Lack. & Western .. 83 - 88 71¼- 81¾ 76 - 87¾ 83¼- 92¼ 87¾- 92¾ x88!)4x99½ 96½-105¼ 99%-110¼ Denver & Rio Grande .. - . ... 62 - 66% 61½- 75¼ 68 - 74¾ 68 - 74½ 70 - 75 73 - 81½ 74 - 86¼ - .... .... . ... .... - . ... . ... - . ... 64 - 65 Dubuque & Sioux City .. 60 - 60 67¼- 71½ 68 - 68 .... - .... - .. . - . .... - .... 67 - 70 - . 70 - 77 75 - 83 .... 23 .... .... .... - . .... - .... .... - . Frankfo1·t & Kokomo ... ... . - .... 22 - . ... . ... - . ... 36 - 36 . - . ... 20 - 20 Hannibal & St. Joseph. 33¾- 42 38¾- 42½ 35¼- 40¾ SI - 37¼ 22%- 34 24¼- 35¾ 31¾- 36¼ 34 - 42½ 36%- 44% 37½- 43)4 39 - 45 40¾- 50% 65 - 73½ 68¼- 72¼ 67 - 75 X68%x73¾ 71½- ·86% 79 - 86% 807,(- 90½ 86¾- 94% 91 -105 P1·ef.... .................... 64 - 72½ 69¼- 76 69¾-75 .... - .... 180 -180 180 -180¼ 185 -200 195 -rn5 185 -190 190 -192 194 -196 Harlen1 .... .. .. ............. . 158 --162 163 -180 .... - ... .... 49¾- 67 75 - 91½ 66½- 83 60 - 68 71 - 79½ 59 - 76½ 55 - 66½ 64 - 66 62 - 65 Houston & Texas Cent. 51 - 78½ 71 - 85 62 - 77 Olinois Cent1•al. ... ....... 99½-105½ 100¾-x04½ 101¾-110 104¼-109½ 100¼-105¾ 100 -107¾ 105 -111 xQ8¼xlS% 1107k116¼ lll!J:!-119¾ 116 -122¼ 118¾-127¾ S5 - 52 lnd. Bloom. & West .... . 28 - 45¾ 86 - 43 30 - 39¾ 30¾- 35 25 - 32 25 - 33 26¼- 82¾ 29 - 32¼ 28 - 28¾ 26 - 43½ 84 - 43 - . .. . ... lnd. Cin. & Lafayette ... 4 - 8 3½- 4¾ .... - .... .... - . ... - .... .. .. - . ... .... - ... - . - .... .... - . .. . Internat. & Gt. North ... .... - . .. . 40 - 50 46 - 47 39 - 39 .... - .... .... - . .. . . - . ... .... - . ... 87½- 43½ 43 - 46 43 - 50¾ Kansas Pacific ............ 87 -108 92¼- 96¼ .... - .... .... - .... .... - . .... - . ... .... . ... .... - . ... ... . - .. . .... - .... . ... - . ... .... - . ... 10 - 15 Keokuk & Des llloines .. 17¼- 20½ 16½- 19 14¼- 15 10 - 15 9 - 9 10 - 13 10 - 10 18 - 18 10 - 12 9¾- 11½ 10 - 11 Pref.. ... .. ...... . . .. . . ..... 39 - 41 34 - 37½ 35 - 36¾ 30 - 35 26 - 27 .... - . ... 26½- 27½ 29 - 30½ 31 - 31 37½- 43½ 25 - 25 .... Lake El'ie & Western ... 20½- 33 31 - 35¼ 30 - 38¾ 30½- 85¼ 20¼- 32 21½- 31¼ 26¼- 33¾ 30 - 33¼ 31 - 35¾ 30 - 34¾ 31 - 36½ 33¾- 42¾ Lake Shore & Mich. So. 98¼-104¾ 10274-108¾ 107½-111¼ 105¾-109% 97 -107½ 95 -109 xlOl-x09¾ 105 -!09% 105½-111 107¾-117¼ 112¾-124¼ ll8J4-189¾ Lon~Island ··············· .... - . ... .... - . ... .... .... - . ... . ... - . ... ... . - .... .... - .... .... - .... .... - . ... .... - . ... 20 - 24 . ... - . ... Louisville & Nashville. 86¼-127 116½-146 139 -164 115 -164½ 120 -133 120 -128 x118-126 115 -132 130 -160½ 155 -173½ t84 -174 77 - 89 Louisv.New Alb.& Chic. 55 - 69 65 -109 92½-104!}( S5 - 95 - .... 90¼-106 100 -100 .... - .... .... - . ... .... - . ... 30 - 30 38¼- 60 Manhattan Elevated .. .. 49¾- 56 42 - 51¼ 31%- 57½ 25¼- 33¾ 24 - 31 26}4- Sf>¾ 21 - 33¼ 25½- 31¼ 26¾- 31% 30 - 89¾ Sl¼- 42¾ 31¾- 38½ - .... .. . - . ... . 30 - 40 lllanhattan Beach Co .... .... - .... . .. . - ... . 40 - 40 . ... - . - . 50 - 50 . ... - . ... 45 - 45 lllai·. & Cin., 1st p-i·ef.... 10½- 18 11½- 16¾ 8 - 14 4 - 7¾ 6 - 10½ 8¼- 11½ 7½- 10½ 6 - 9¼ 7¾- 10 7½- 9 6¾- 10¼ S¾- 8 2dp1•ef .............. .... . . 8 - 12½ 8 - 12 7½- 11 6 - 7 5 - 6¾ 3 - 5½ 5 - 6¾ 4½- 6½ 5 - 8 2½- 5¼ 2¾- 4½ 4¼- 7 Memphis & Charleston. . ... - .... .... - . ... . ... - . ... 39¼- 39½ 29½- 30¼ 29¼- 31 31 - Sl .... - . ... 86 - 40½ 39½- 40¼ 40),;- 41½ 43 - 43 llletropolitan Elevated .. 115 -121 110 -118.¼ x05½117¼ 92 -105 92 - 97 88 -102¼ 83 - 95 89 -113½ 108 -118 106 -116 89 - 93½ S8 - 00 Michi~an Centi·al . ........ 88½- 92¾ 88¼- 93 90¾- 95 89 - 94¼ 75 - 90¾ 77¼- 96¼ x86¼x97¼ 92½- 98¼ 92¼- 97¾ 95½-110 105¼-115% .110½-180¼ lllo. Kansas & Texas ... 32 - 49¼ 42 - 48:)-4 41%- 46~ 33¼- 45¾ 28¼- 85¾ 28¼- 38~ 33½- SIi¾ 35 - 39¾ 30¼- 37¼ 35 - 39¾ 36¾- 41½ 36¾- 47¼ Mobile & Obio ............. 21 - 27¼ 21¼- 26¼ 22 - 29¼ 19¾- 24 12 - 19½ 14¾- 21 19 - 23¾ 17½- 23¾ 21 - 24% 21 - 25 21½- 24½ 22 - 24 Morris & Essex .... . ..... . 101¾-105 102½-110½ 106½-1097/4 105¾-108¼ 100 -108¼ x102¼-108 104¾-107 106 -112¼ 109¼-112½ 111 -117 115 -122 x117-128 - 67¼ 57 - 63 51 - 58½ - 6S - 18 17½- 19½ - . ... .... - .. .  58 57 15 25  -  66 - 69½ 69 64½ 59 - 64 18½- 19 15 25 .... - . ... .... 59 - 59  ....  .  ....  ....  ii4  ...  ....  ....  ....  ...  .  . .... ....  ...  ... ... ....  ...  .... ...  ....  ...  ... ....  ....  ....  ....  ...  .... .... - ....  ...  ...  ....  .... ... .  ... .... .... .. .  .... ...  -  ....  . ....  .  ...  ....  ....  • Ex-dividend of $1 25 and 20 per cent in stock.   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  .... ...  .. . ....  t  ....  Lowetit price 1a ex-dividend of 100 per cent in stock.  ...  RAILROAD AND _;MISCELLANEOUS STOOKS. 1880-Concluded. ,-------c--- -  - - -  JANUARY FEBR'RY.  STOCKS.  APRIL . MAY. JlifNE . ' JULY. AUGUST. SEPT'BER. OCTOBER. NOV'BBR. DBC'BER. - - - - - - - - - - - - - - - - 1- - - - 1-- - - 1 - - - - 1 - - - - r - - - -r- - - -  - - - --  _________ _  - ---------------  MARCH .  L ow.Rig~ Low.High Low.High Low.High Low.High Low.High Low.High Low.High Low.High Low.High Low.High Low.High  n -  Nashv. Chatt. & St. L ... 76 - 95¾ 82 -120 75 - 128 x68 -x84¾ 52 - 75 N. Y. Cent. & Hnd, Riv. 129 -185 180 -183¾ xl29}8-1S7 129½-136 122 - 181  47½- 71 68 - 70 65 - 74% 50 - 71½ 59 - 64 58½- 76½ 84 122¼-129¾ 1211¼- 132¼ 128¾-134¾ x12&¼-1S3129¾-1~ 135 -147¾ 139¾-155¾  NewY01·kElevatcd .... .. 120¼-12i¼120 -126 x117-125¼112 -117 112½-115)4109¾-119½ 109 -113 110¾-114 110 -114 112 -119 ll'i}(-125 117 -U6¾ N. Y.LakeE1·ic&"\Vest, 1 41¾- 48 44¾- 48¼43½- 47½ 41½- 46¾ SO¼- 43¾ 30 - 48¾ 88¼- 44¾ 87¾- 44½ 37¾- 41½ 38¾- 45)4 42¼- 49 4.3¾- 51¾ Pref..... . .. . . . . . . . . . . . . . . . 67¾-- 73¾ 70 - 78% 68½- 72¾ 63¾- 70½ 47 - 65¾ 47 - 70½ 64¾- 72)4 65 - 73 66 - 71¾ 70 - 76 N. Y. N. Haven & lla1·tf. 155 -159 156 -158 156 - 159¼ 159½-168 160 - 168½ 159 -165½ 162½-165 164 -166 164.¾-170 172 - 180 N. Y. Ontario & West.. . . .. 23½- 31¾ 25),,!- 30½ 25¾- 31¼ 25 - 29¼ 23¼- 30 25¾- 28¾ 24½- 277.,~ 20 - 26 20¾- 25¼ Pref.. .... .. .......... .. .. _. . . .. . - . . . . 81 - 84 . ... - . . . 78 - 81 76 - 76 76 - 76 .. .. - ........ - .. .. ... . - .. .. . . .. - . . . . Northern Pacific .. .. ...... 32 - 36 31¼- 36 29)4- 34½ 27 - 31¾ 20 - 28 22 - 28¼ 25 - 82½ 1 29 - SS 27!1(- 82 26¾- SO¼ Pref.. .. . . . . . . . . . . . . . . . . . . . . 56½- 60 53 - 59¾ 51%- 57¾ 51¼- 54¾ 89¾- 52¼ 43:1(- 50 46¾- 56½ 51¼- 57¾ 51 - 57¾ 5u¾- 55¼ Ohio Central. .... ... . . . . . .... - .... 24 - 28¼ 24 - 27¾ 20 - 24¼ 14 - 21 17 - 21% 18 - 24 21½- 25 20 - 24 21¾- 28 Ohio & Mississippi. ... .. . 28¼- 82¾ 29½- Si¼ 83}.!- 44½ 82 - 89½ 23 - 85)4 24 - 35% Sl - 85¾ 82¼- 86½ Sl½- 87)4 82¼- 37'7~ Pref..... . . . .. .............. 57¾- 68 65%- 84.¾ 70½- 83¼ 72 - 76¾ 66 - 76¾ 68¼- 75¼ 71 - 75¼ 72 - 78 73 - 77)4 72 - 79¾ Panama .... ... . ............ 168 -184 180 -185 180 -180 185 -190 170 - 188 185 - 185 180 -180¾ 182 - 186 190 -195 102 -196 Peoria Dec. & Evansv. . . . . . - . . . . 21 - 26 21 - 28)4 23½- 26¾ 18 - 28% 20 - 25¾ 24¾- 26 25 - 27½ 24 - 26¾ 24 - 28¾ Phila. & Reading . . . . . . . . 67¼- 72¾ 64 - 69!}.( 68 - 72}8 58¾- ·70¾ 17¼- 61% 16¾- 22¾ 18¾- 19½ 19 - 25 23½- 82¾ 29¼- 48¾ Pitts. Ft. w. & c., 1tuar, 112 -117 115 -118 117¼-119½ 117 -118½ 116¾-119 119 - 123¾ 120 -124 120 -124¾ 120 -124¾ 120½- 124 Pitts. Titusville & Bnff. . . . . . . . . . - . . . . . . . . - . . . . . . . . - . . . . . . . . - . . . . . . . . - . . . . SQ¾- 84¾ 82½- 86 Rens. & Sarato.ra ... . .... 111 -120 119 -120 119 -120 119 -120 118 -120 120 -120 .... - . . . 117 -120 120 -120 125 - 125 R·me Wat. & O:idensb. 20 - 34 25 - 35 SO - 84 25 - 26¼ 20 - 20 20 - 24 22 - 22 23 - 28½ 20¾- 21 19¼- 25 St. Louis Alton & T. H. 17 - Sl 23½- 25¼ 20¾- 27 20 - 25 15 - 16 15 - 21 20½- 24 22 - 24 19 - 23~ 18 - SO Pref. ... .... .. ........ .... 42½- 70½ 60 - 65 61 - 70 68 - 69 57½- 60 58 - 59¾ 59 - 65 65 - 77 75 - 79¼ 77 - 90 St. Louis I. Mt. & South. 49¼- 57¾ 54)4- 66 56 - 65),( 46¾- 59¼ 34¾- 50¾ 35¼-- 48¾ 48¾- 54¼ 53¼- 58¾ 46~s- 58¾ 48¼- 53 St. Louis & S. Francisco 40 - 45¼ 42½- 48 41 - 45¾ *31¾- 41 25¼- 84 SO - 35½ 83 - 89¾ 36 - 87½ 82 - 85 32 - 4S Pref.. . .. ... . . . . . . . . . . . . . . . 49¼- 58¾ 54 - 59¾ 54¾-- 60¼ *45 - 56½ S3 - 51 42 - 48¼ 45 - 50½ 46¼'- 50 42 - 47¾. 43 - 56 1st pref. . . . . . . . . . . . . . . . . . 68¾- 79 75 - 78¾ 76¼- 88½ *65 - 79 60 - 70 65 - 72½ 69½- 76 73 - 79½ 72¾- 77¼ 74 - 79½ St. Paul & Dul nth ....... . .. .. - .... 39 - 40 37½- 37½ 87 - 88 26 - 26 .... - . . . . SO - S5 32 - 34½ 84 - 84 25 - 34 Pref. . . . . . . . . . . . . . . . . . . . . . . . . - . . . . 70 - 70 68 - 68 I 65 - 66 . . . . - . . . . . . . . - . . . . 65 - 65 6S - 6S 60 - 65 50 - 50  :!:;::~:i;r~!~~::: ·sa~ 43 .. Pref.... . .... .. ....... . ... .  42¾184 = 40~ ···· = 7: ::: :·:·:· :· 4  ·87½= 44½ 41½- 45½.1·.42~ ··~·1,(.i 4. u;·¾··· ·. s.· ·.5·. = 71 - 76 74¼- 80½ 76 - 88¼ 76)4- 81 74- 8 0  Stonington .................. .... - ....... . -  ~)1.::  .~~  T;~::t~!~~!::~~~· .·.·:::::::: Union Pacific .. . ..... . . . . . . 84¾-  ~~¼= ~~~ :~\£=  1  70¼- 78½ 68  1  - ...... . . - . . . .  .~~  72 - 82¾ 77 - 98¼ 172½-177 171 -176 2i½\- 32 29¾-- 82¾ 70 - 85¾ so - !?2 28 - 34¼ 32 - 34¾ 52 - 65 62 - 67¼ 24 - 27 21~ 25~ 84%- 38)4 85 - 89¼ 76 - 90¼ 85¾-102 200 -208 208 -225 24½- 27¼ 23¼- 28½ 40¼- 54¾ 45¾- ~ 128 -125 124¾.-129 83¼- 34¼ 34 - 35½ 127 -129 .... - ... . 24 - Sl 25 - SO¾ 29 - 89½ 82 - 42 92 -110 109 -112 46 - 5l!¾ 41 - 56¾ 89½- 42¼ 39~- 46¾ 50 - 54¾ 50),,!- 65 77 - 85 82¼-100 S2 - 82 35 - 88 . . . . - . . . . 65 - 79~  :~=~'.~.:~.¾= ~-· 3 34 ~~ ~~  = :::: :: : : = :::: = ~~- · - ...... .. - ........ - . . . . . .. - . ....... - ... . .... - ........ - . . ..... . - . . ..  . ... .... - .... 129 -180  E E?Ll·:,L= 26·t~~L=  9:. .  = :::: = ~'. .. . = ::~; = 95 ~~~·85·~ = ~~>88-:L= 9·4'. .. · 9··2· = .. ~97¾ 00 - 94 87¾- 94½ 74 74 ,,,. ni :,,r "'7lr uvni 74 •711 -103¾ 97 United Cos, of N. J ..... . . .. .. - . .. . ... . - ... x157½-160 160 -160 !150 -161 .... - .. .. 159 -160 169 -169 169¼-169½ 175½-180 .... - ...... . . Wab, St. Louis & Pac ... 42¾- 48 43* 46¾ 42 - 46 36¾- 44% 26½- 89¾ 29 - 39¾ 84¼- 42½ 88¾- 43¼ 84¼- 89% 36 - 44½ 4.0¾- 46¾ 41  ~'.~l  = -1~ - ... . - 4~  1~~ =1~~~ .~~.¾= 72 65½- 7~ . ~ = ~~ ... 5~.¼- 1~~ =1:½ /~¾.=:::r .~~¼=~~ .~ = 7~~ .~~½= ~~~ .:~.¾= 80¼ .:.~½= ~ I I !::::~:: ~!~!:-~~~:::::::: . ~~-~ ~~~ .~. = ~~~ . :~. = ~~ . . . ~~ = ~~~ . :~¾= ~~ ..1.:~. = 7~~ . ~~. = ~~~ ~¾= ~~ ~~= !~ :¾= ~~ ;:½= :¼ :½= ~ Atlantic & Pacific ... . . . . . SO½- 43¾ 41¾-:;::~·~·.: :::::::::::::: : ::::  1  ' TELEGRAPH.  Western Union ... . ....... . EXPRESS. Adams . .... . .. . ...... . ..... .. American . . . . . . . . . . . . . . . . . . . United States.... . ......... Wells, Fara-o & Co .......  58½ x41¾- 51 42 - 45 103)4-116½ 104½-113¾ 104 - 109  99¾-105 106¾- 108 55 - 58¾ 46¾- 49¾ 100 -105  COAL AND MINING. Ame1·ican Coal . . . . . . . . . . . . Amie Consol. Mining.... Carabou Consol. Minina Central Arizona Mining Climax lllining.. .... .... . . Colorado Con.I & Iron . .. Consoli<lation Coal . . . . . .  107½-110 56 - 57¾ 46 - 48¾ 102 -104  .... .... -  S¼- 5 7 - 13 2¾- 3¾  11¾- 21¾ 3 - 3¾.  .. . - . .. 82¾- 86 82 20 21~85 5 3)4-  Deadwood Minina- ... .. . . .  Excelsior Miuina- .........  Homestake Mining. . . . . . . La Plata lllininll.......... Leadville Minin1t . . . . . . . . Little Pittsbtll'llltlining.  :~1l:::.::::t:~~~~:·~  30 - 30  70 25¼ 25¼ 88  61 - 65 18 - 22 21 - 23¼ 34 - 88 6¼ 5¼- 7¼ 4¼ 4 - 4¾ 26 - SO¼ xlS - 28  111)4-113¼ 57½-- 59 47 - 49½ 104½-107¼  •2:¾= ; ..  2½- 2½ 2¼2½- S½ 2¾6¾- 9½ 6 1¼- 2¾. 2 40 - 42¾ 85 82 - 36 3;; 60 18 20 SS  -  62. 19¼ 21 89 x6½ - 7 S¾- 3¾ 8 - 15¾  111 -115 54 - 58¼ 42 - 49 104½-ll\7  :::!::~:t!1~;~·~~-~-:::: 1~= ~¾ !~~= Canton ....... ... ...... . .. .. . 59 - 63  55  110¼-114 54)4- 62 44 - 49½ 105 -109¾ \· · · · -  2½ 2 3¼ 2¼7½ 2 8 2¼40¾ 29 85 SO -  2 .... 3 I 2½7¼ 1 5¼3 2¾29 1 29)435 29¾-  :::: : : :: = 20 15 ~o 14 36 29½. . . 4½3 l ½-5➔.!- 9¼ 6 -  :::: .... 15 16¾16}4 16 34 29 4¾ 5 2 .... 9 5¼-  :::: = 19 19~33½.... 3 -  ~  112 -119 56½- 59 48 - 49 105¾- 107  · • • · 1•  •• •  -  115 - 120 57½- 60 47½- 49¼ 106¼-110  • • • • ••• •  -  89¾- 45 40 - 43 34 - 42½ 82 - 883( xll5¼·107¾. 96¼-105¾ 90 -104¾ 77¾- 9~  116 -118 58¾- 59½ 47¾- 50 109½-111¼  • •• • •• ••  -  116 -118¾ 58¼- 65 48¾- 54~ 112 - 117  •• ••  ••• •  -  117½-120 62¼-- 66¾ x51½--x55 113 -114  • • •• • •• •  -  • •• • • • • •  . .. . .. .. - ... . . ... - . .. . . .. . - . . .. . . .. - . .. . . .. . 2% 2 - 2½ l * 2¼ 1¾- 2½ 2;(- 2¾ 2¼6 5 - 6 6½- 10¾ 5)4- 8'7Ai ~i- ~ '7½2¾ 2¾- 2¾ 1¾- 2 l¼- 1¾ 1 - 1 ... . 32¾ 28½- SO¼ 21 - 29 23 - 2t¾ 19½- 25½ 24½29½ 28 - 28 30 - 35 83 - 34 85 - 86½ SS -  .~~~ ~ .~  :::: 17½ 12 18 16%-36 34½5 .... ...... . . 6% S*  16¼ 17 35¾ . .. . ....  14 15 82 5 .. 6½ 4  = -  ~~c:  = :::: :::: = 15 11½- 14 14 17 6}(- 14 7 84½ S2 - 85½ SO¾5¾ 5¼- 5½ 2 . . . . ... - ........ 6 2¼- 4 2 -  ..... 85¾= 15 11¼~ 'i SS¾ 28 2 5 ........ 27,11 1¼-  116½-122 63 - 6d 50 - ~ 118 -118  .... 2¾ 9¾ ... . SO 89¾  -  • •• •  . . . . - ....  2¾- 2½ 4 - 8¼ .. . - .. . . 25¾- 86 85 - 88  il ... 89¾= 45~ 12 .... - .... B 6 - '7 81% 26 - 20"  7½  ~- 9¼  . .. .... . - ... . 2½ 2 - 2"  ~½: 2~ 2::: 2:¾ 2r= J •i:½=t ·i:~ =i~:. :i~ =i~:. :~~ =~~: : :::: =:::: :i~ ;~~ :i~ =~J~~ =~~::  rtlontau.k Gas Coal . . . . . . . 50 - 60 50 - 54 New Central Coal . . . . . . . . 28½-- 34½ 23½- 81¼ 29 - 35 N.Y.&StraitsvilleMin, .... - ........ Ontario Silver I11inin1i . . 88 - 39¾ 88¾- 39 37½- 88 Pennsylvania Coal. .... . 200 - 210 195 -200 200 -210 Quicksilve1· lllinina-. . .... 20 - 24¼ 20¼- 22¾ 17 - 28 Pref.. .. . . . . . . . . . . . . . . . . . . . . 62 - 68¾ 6S - 66¼ tlS½- 78½ Silver Cliff"lllining . ........ . . - . . . . . . . . - . . . 5¼- 6¼ Standa1·d Consol. Min'a- 28¼- 84 27¾- 82¼ 24 - ~ Stormont Minina- . . . . . . . . . . . . . - . . . . . . . . - . . . . . . . . VARIOUS.  ~!" .i6  58¾- 6S  ~=!~£i:i~i1E~:tf! :¼ ~~* !~ =  50 ~ 50 - . . . . 45 - 77¾ 21l - 35 20 1· 20¾ 25 - 28¼ 105 -107 .... - .. . !.. .. - .. ..... . - ....... 34 = 35- 1 s1¾= 34 34. - 36 84 - 35 30 - SO 190 - 100 200 - 201 195 - 200¼ 206 -206 220 -225 12 - 15 9 - 18 10 - 11¼ 10½- 16¾ 14 - 14¾ 60 - 71 48 - 68 50 - 55 47 - 62½ 49 - 56 3¾- 5½ 3~:!- 5 8;¾- 5¾ 4¾- 4¾ 4)4- 5 ~ - 82 x25½- 29¼ x25 - x27¾ 25½- 27¾ x27 -:x 29  28 ·· 20 - 25 ·· 23 -  . ..  - . .. . . ... - .. . . . .. . - . .. . . .  l7¼1·i·{  = = 58¼- 58½1 53 _  1  0  1  . · • • • - • , • • 55 -  4➔-£- 6  ~:::~t~~o~!!~::~:  109¼-114¾ 56 - 60¼ 47¼- 50 104 - 108½  84 - 43""~ 1 85 - 44 40 - 46¾ 42 - 47 89*10~ 86¾-106¼ 101¼-108¾ 102¾_-109  7  ~  ~n .6½=·o·l ~ - ~:: ·~ ... = ....  _  s&,f ?~ ~~· !.~~ ~~~ :~~ ~~~ =  __  =  :I~~~  1  :j:: :  =  :~  -  = _  71 - 85  25½- SO  . . . . - . . . . 31 - SS¼ 28 - 28 27 - 82 55 -64 SO - 82½ 32 - SS 210 - 210 212¼-212½ 11 - is 12n- 1$½ 50½- 54½ 50 - 50 . .. . - . . . . 2¼- 2¾ 25¾- 29½ 20 - ~ . . . . - . . . . 3¼- 4¾  ... - ... .... - .... 31 - 82¼ 225 -225 10½- 13¾ 51 - 57 2¼- · 4 27¾- SO¾  .. . . . . . - . .. . ... - .. ..  ~~¼ ··~ .13¾ .. 9¼= io· · .... = .... ....  = ...  :i _  = ~: : -~:  8 = ~:: :~°:4= ~·.: :~:l:¼= ~ :~~ ~  82 - 88;( 28)4- 82 64 -66}( SS - 34 212 -215 1£¼-- H 45 - 03  ~½- 2½ 20 :. 24¾  2½- S¾  =~·· ·io = i2½ _  50 = 52  ~~~  :: : ~ 1  ·: =  ~  =·· :~i =~::  :e~1;1:!~nG';:~ ::::::. ·. ·.·.·. =l~~.J . :: = = :::: :::: = :::: ·::: = :: .. :::: = :::: :::: = :::: ~=¼= N, Y. &Texas Land .. . ... :. Ore1ton R'y & Nav. Co .. . 102 -115½ 108 -112 105 -111 x107- x110 1105><.i- 111 107 -124 115 -120 116 -125 125 -147 *127 -14.0 119 -130 125 -186 Pacific l'tlail . . . . . . . . . . . . . . . . 36½-- 43¾ 38¾- 46¾ Sf}¾- 62 S77k 4.5½ 27½- 41¾ SO½- 42½ 88 - 44¾ 39¼- 48½ 37 - 48% 39¼- 47¼ 45¾- 49 46¼- 54~ Pullman Palace Car . . . .. 107½-126 116 - 125 115 -118½ 114¼-117 111 -112 112 -114 llS½-115 113½- 115 118 -125 117 -124 120 -12:i 122 -146 Sutro Tunnelt .. .. . . . . .. . . . 3¾ 4¼ 27k 37,ii 2¾-- S¼ 1¼- 2¼ 1½- 2% 1¾- 2¾ 1%- 2 1* 1¼ 1¼- 1¾ 1 - 1¾ ½- 1¼ '¼- 1~ - - - - - - -- - - - -- - - - - - - -- -- - -- - - - - -- ___:. -'" __;__; t Sold per alw.re not per cent. * Lo.west prices are ex-privilege. ::  :  :  -  - _ ___  _______ _____________  1881. STOCK ~ .  JAN UARY ! FEBR'RY.  MARCH.  I I  APRIL.  ---  I  MAY.  I  J mrn.  ---  I  Jur....-.  AuousT. SEPT 'B .E R. 0CTOBER. Nov'BER. DEC 'BBR.  ~ ; ; ; L ow .. Higl.J Low. High Low.High Low. High \Low.High jL ow.High Low. High Low.High Low.High L()w.Hlgh  I  --RAILROAD~-  ~~~~:::~~ 8:~~~:~~~:: ~~~ https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  =1~~  ~~~.  =1~~ ..  ~~~.  '  I  I  =1~~ .. ~~~¼=l~~.t~½=l3~.r~ =1~~ . . :::: = ::::  ~~~.  =l~ .. :~ =1~ . .  26¼=30 . ~~  -1~ ..  ~  ~~~l~  7 9  RAILROAD AND MISCEL LANEOUS S TO OKS. 1881-Continued. !-!TOCKS .  IJ A N ~ FEBR'RY.  ~ ~ ~AY.  j  Bo:,it, & N, Y . Ail· L , pf.. ~6 - 48 B uffalo Pitts, & W est.* 39 - 43  46 - 48 48 - 52½ 46 - 48½ 45 - 48 44 42 - 43¼ 40 39 - 89 37 - 42  Central Iowa.... . ......... 36½- 44  31 - 31  ?;i;~~~?,~tt : ~ t r ~ ~ E~1t~~ E~i  ~¾=  =  ~~. ~~\ : : :  = : : :: : :: = .... 96½-109 OO_l,,.!-112 80!-ll- 93¼ 83½- 89X! 22 - 26}4 23 - 26¾ 33½- 87½ 84 - 45 23¼- 27¼ 25 - 33¼ xl34-150,¼'136 -- 144 149½-149½ 140 -140 160 -175 161½-1611¾  = 82½- 94 t6 - 98¼ 20¾- 25¼ 32¾- 86 23 - 27 149 -156 153 -153 167¾-182½  ~~!~:  io;!,-.£~124¼ io·l·½=li7½ ioo =1i4¼  ~:\~.:~~::::::::: : : : : : : . : : : : .  I 48  ·1 A u ~ SEPT''BER. OcTOBEu.1 Nov'.BER DEC'DER.  JULY .  I:::: = :::: .50  1  - 69  60  6! - 67  07 - 71¼ 56 - 67  n~  43½- 48¾ 43 - 46¼ j 42 - 42½ .... -  ........ -  6f11l  53 - 65  60½-- 68  .. .. , 45½- 60  ~ t E=~H1~~ f!~M= r ;=~~ :H ~~ E~r:~ so.,/ .. - .... .... - .... 39¾·  - . . . . . . .. - .. . . 45 - 45  Central of New J e1·sey. Central P a cific . ... . .. ..... Chesapea k e & Ollio ..... 1st pref....... . . .... . ... . . 2d pre f . . . . . . . . . . . . . . . . . . . . Cllica,:o& Altou .......... Pre f ..... .. . ... .. .. . ..... . . . Citic, Burl, & Quincy .. .  :l ~tit~·~:!~:: ::  JUNE.  Low.High Low.High Low.H igh Low.High Low.Higb !Low.High Low.High Low.High Low.High Low.High Low.High Low.Hl1th  -  3  37½- 37½ 1.... - • • • • 34 - 38  - 38  :::: :::: = :::: :::: = :::: J ::: - .::.:::: -. ::::.::: =97¼ 92¾- 9~ 87¾- 96½  :::: = .: 89¾-102}11 89 - 98¼ 89:J{-100½ 87½- 94 24 - 80½ 25 - 30 35 - 45J.1! 87 - 42 26 - 31¾ 27 - 32 135 - !42½,x127-143 .... - . . . . . . . .. .... 154 -165¼ 149 -161¾  50.. 92¼- 10318 97)/4-106}.! 83½- 89 86¼- 98¾ 2-1 - 26% 26¼- 331.11 40 - 44¾ 43½- 48¼ 32¼- 30if 28¾- 83 132 -140½135 - 147 145 -145 147 -147 162 - 106)/4165 -173  :::: = :::: 99¼-104¼ 94½-102¼ 29¼- 31~ 44½- 47½ 32 - 34¾ 139 -147 150 -150 162½-171  l~~  i20 -129};{ io7½-128~ iio¼-li6¼ +iJ.·½=122¾ ioa =112¼ ,i05¾=110¼ io214-l08¼  =l~~¾ 1~~¾=1:~  91¾- 98J,s 89¾90½- 96¼ 93 - 97~ 88¾- 95¾ 88½- 98 25½- 2tl½ 24½-- 27¾ 20¾- 30½; 27 - 29 38 - 41½ 38½-- 41¾ 34 - 40¾ 39 - 43 29 - 31¼ 2&'4- 31¼ 25 - 29¼ 28½- 32 128 - 132¾ 1!27 - 130><.iil29½-137½127½-134 . ... - .. 140 -140 .... - ... . xl47½-16f> lt:36 -160 13~.!-145 x133½ 39¾1  Pref........ . ... . . ........ . . 122 -132 117 -126½ 120¾-126 119:J;{-126½ 125¼-140 132 -135¼ 128 -138¾ 129½-133¼ t124¾183¼ 116¾-124½ U0¼-125¾ 117 -121 Chic, & Northwest .... . . . 123!{-136 117 -134¼ 119 - 125½ 119}.{-124¼ 124¾-135 x24}s 132~ 121 -131¼ 122 -127¾ 122¾-127¾ 120%-126)4 123¾-130¾ x123-130J4 Pref....... . .. . . . . ........ .. 139¼-147½ 131)/4-145 x31¾-138 131½--187 137½-146 137½- 144 136 -145 135}.£-140 135½-140 131½-136¼ 135)4-144 130 -143)4 Chic. R, I, & Pacific .. . .. 134½-142 129 -139~ 130 -136¼ 132¾-138¾ 137 -148¾ 142 -146½ 133 -144 131)4-139 132½-139½ xl31?.!-35¾ 133¾-137)4 132 - 135,~ 80 - Si 78 - 86 78½- 80 77 - 77 75 - 83¾ 73 - 81 79½- 85 Chic, S t , Louis & N. o. .. 40 - 57¾ 52 - 65¼ 56 - 75 73 - 77¾ 76 - 88 10¾- 49¾ 40)4- 46)4 40¼- 43>s 41¾- 47¼ 42¼- 46% 38 - 44¼ 36¾- 42½ 38¾- 45¾ 3.~¾- 43¾ 38)4- 42~ 83½- 40 Chic, St, Paul M, & O ... 45 - 51 99}.(-103)4 99¼-105¼ 1.01 -108½ 100 -105J.<; 100¾-104 Pref. . .. .. . . . ... . ... .... .. . 95 -109½ 91 - 107½ 96½-103¾ 93¾-100)4: 97¾-108¾ 105 · 108¼ 98 -107 50 _ 59¼ 4B - 64 45¼- 55 47>l!- 51 62 - 67½ 62 - 68¼ 44½- 65½ 45 -- 54 58 - 65 Cin, Sandusky & Cleve. 44 - 40¾ 41½- 47¾ 42 - 63 93½ 82¾06 90½-98½ 89¼99-;l,! 84½94¾ 81 96½ 89 -100¼ 93 :-101)1 87 901,.! 85 90½ 85 92-U Cleve. Col, Cin, & Ind .. . x88 - 97¼ 81 Cleve. & P itts., guar .. .. 127)4-134 128¾-131 129½1-132)4 132 -132.½ 135¼-142 138 -140 139 -140½ 137 -137¼ 134½-138 135½-140 138!,-4-139¼ 134 - 137)4 - ........ - ...... . . - ..... . .. - . .. ..... - . . . . 82 - 95¼ . ....... - .... . .. . - ........ Columbia & Gl'ee ov., pf . . .. . - . . ...... - . .. . . . . 24¼- 32¾ 23 - 30% 20 - 25¼ 18¾- 23¾ 20¾- 22¼ 19 - 22¼ 19¼- 22¼ 19¼- 22¾ Col. Chic, & Ind, Cen .. . . 19¾- 27¾ 21¼- 27¼ 22¾- 28½ 22½- 26 70 - 72¾ .... - ... . ... - ...... . . - ....... . - . . . . 70 - 70 .... _ ... . Danbu1•y & Norwalk .. . . 70 - 70 73 - 76)4 70 · 73 .. . . - . . . . 60 - 77 Del. Lack. & W estern . . 107 -x25¼ 114½-128¼ 117¾-131 x15¾-x23 117%-128 121}4-128].{ 118 -125 110¼-125¾ 123 -129¼ :d20¾ 28½ 124¾-128>.{ 125)4-l29 Denver & Rio Grande . . 82½- 99½ 89 -109¾ 98 -108}1; 101½-108½ H05¾-lll 107½-113¼ 94¾-110½ 80 -102¾ 84½- 92}!; 78¾- 86¼ 77¾- 86½ 66 _ 81¾ 83 - 86 J 83 _ 83 83 - 83 86 = 88 80 - 82½ 79 = 80½ 76½= 76½! i7 - 86¾ 85 = 88 ••.• = ... . ... . = Dubuque & S . City . . .. . .. 83 - 85 1 1 13 _ 1~, 17)/4 13¾- 15½ 14 - 17 13 21 . ... 17 . ... ... .... .... · East T enu, Va, & Ga .... .... 27 - 32;-4 25 - 29¼ 24 - 28¼! 23 _ 25¾ 30 - 33 __ . .. · Pref. . . .... . . . . . . . . . . . . . . . . . . . . 1 0 11 110 .... ~l'ie & Pittsburg .. . ...... ... . 64 = ··· · ···· - ···· ;···· Evansville& T, Hau te .... . . . . . . . -- . . . . 94 - 95 .... .... 1 ... _ ••• •• ._ 1...· . . _ - . . . . 89½- 91 Flint & Pe1·e Illar. p-,:e f, . . . . ... T .. . •··· :···· Frnnk:fort&Kokomo .. . 20 - 27 .... 175 -175 .... - .... 165 - 165 163 -163 .... GeoraiaRR ,&Bka- .C o, .. .. 1  ··  ..  ..  .  .  -  .  .  .  64 ·°': :::  ····1···· - ····  ~:::i:a~y&~~~-.t~:;!: ·«¾=  57¼  ·4:;½= 60¼ ·5,.~ 59¾ ·56¼= 59¾ ·58* s5. l  s2 = oa·· 1·sii¼=  94¾ ·o·i  95 -100  94½-350  = 98  94  =96¾ :~= ~~  Pref ...... . ....... . ......... 100½-110 94 -107% 96 -105¼ 100 -105 104 - 116 112 -116½ x107¾-118 111¼-117½ 112 -121 lll½-117 109 -114¾ 109½-116 H a rlem .......... . . .... ... . . 197 -197 183 -200 . . . . - . . . . . . . . -- .... 250 -250 250 -250 1. . . . - . . . . . . . . - . . . . 215 -215 210 -210 215 -215 205 -205 86 _ 92 87 - 93 90 - 95}.! 82 - 93 97 -102½ 89 -100 63 - 75 65¼ - 691,i 117 - 74¼ 7'J - 93½ 1 89 -106 Houston & T exas Cent, 67 - 73 Illinois Ce ntral.. ...... .. . 124 - 135 126 -138 129½-137¾ 133 -138½ 1.35¾-146½ 137½-145¾ 1134½-142 xl24½38¼ 126)4-133¾ 128)4-131½ 130¾-137½ 128½-134½ 1 82 -100½ t18 - il6 .... - • • •· • •·· - • •·· •· ·· - · ··· ··· · · · · · · ··· - ··· · · · · - · · · 60 -- 83 Ind. Bloom, & West.. . . 50½-- 75 ;56½- 73 New . .. ... ·· ·· ···; · · · ····· . . . . = ........ = ·;·· .. .. - .... 49½- 50~ 48¾= 57½ 51½= 56 1 45 = 53¾ 38½= 51¾ 41½- 48¾ 41 - 46 44½- 55~ 43½- 52!,( .... .... ........ . .... ..., - ..... ... - ... . .... _ ... . . .. l . . 92 .... 91½ 92 69 69 63¾: 7,¼ 67 65 Internat, & G t, :North .. 50 ,Joliet & Chica::o .... . .... 130 -130 .... - . . ...... - .. . .... - ........ - ... . 136¼-13672 .. . . - . . .. .... - ........ - ........ - ....... - ........ _ ... . 19}<.,- 24 1 18 - 20 19¼- 20 19½- 20 17 - 30¼ 25 - 30¼ . . . . - . . . . 27½- 28 17½- 19 14 - 19 Keolrnl, & Des Moines . 14 - 24¾ 19 - 24 51½- 52 50 - ;;1 50 - 50 50 - 52¼ .... - .... fO - 52 52¾- 54 . l">5 - 55 48 - 48 43 - 43 53 - 56 Pref.... . ... , . . . . . . . . . .. . . . 4 1 - 56 48½- 56½ 41½- 48J,..i 43 - 47½ 32 _ 45½ 40%- 64½ 57¼- 65¼ 52½- 62½ 47¾- 58 49½-- 59½ 50½- ~ 45¾- 54 Lake Eri e & Western ... 38½- M Lake Sho1·e . . ..... . ........ 127¾- 135¾ 118 -133}'.f 123¼-133½ x22¼-131¼ 126)/4-135½ x25¾134!4 120¾-127)4 121¼-126¼ 122)4-127¾ xll7-125'1! 119¼-123¾ xl12¾ 22¾ 51.¼i- 55½ 55 - 55½ 49 - 54-~ 47 - 53 44 - 50 60 - 63 44 - 63 Lona- Isl a nd . ......... . .. .. . .... - . . ...... 18¾- 19 . . . . - . . . . . . . . 18 - 23 22 - 32 . . . . - . . . 18¼- 20 24¾- 27½ 26½- 34 20 - 35 19 - 38 Louisiana & lllissouri R 16½- 26 Pl·e f. . . . . . . . . . . . . . . . . . . . . . . . . . . . . - . . . . . . . . - . . . . . . . . - . . . . . . . - . . . . . . . . - . . . . 42 - 48 . . . . - . . . . . . . . 90¾- 96½ 91¾-100¼ 99 -108:J;! Louisville & Nashville . x87 - 94½ 79 - 94¾ 85¼- 95 90½-101½ 99¾-110½ 106 - 109½ x98½ 108¾ 90 -104½ 92½- 99 oe 80½ 82 - 102½ 100 -117½ 88 -103¾ 80 - 99½ 75 - 75 50 - 75 65 - 84¾ 74 - 80 Lonisv,New Alb.&Chic, 58 - 77 75 - 77 70 - 73 50 - 59½ fi2¼- 58 17¾- 55 22 - 29¾ 24 - 30¾ 15%- 21».! 15¼- 21½ 19½- 25 .lllanbattan El evated . .. . 32¾- 40¾ 85¾- 46¼ 85¼- 42½ 21¾- 39 18 - 26¼ 21¼- 25½ 23 - 34 27)4- 30 23 - 36 42 - 58½ 50¼- 59~1i 44¾- 57½ 32 - 48 34 - 43 34 - 35 Manhattan Beach Co. .. 34 - 36 17 - 18½ 16 - 18 16 - 21 11 - 14½ 11¼- 20 12 - 16 16 - 21 Mar, & Ciu,, 1 s t pref.... 9 - 14¾ 9 - 14 10¾- 12½ 12 - 22 17 - 24 10 - 10½ 7 - 0 8¼- 12½ 6 - 10½ 8 - 13¼ 9 - 12 10 - 15 2d pre f, ........... ......... 6 - 9¼ 7 - 8¾ 7 - 7:)4 7)4- 14½ 11 - 15 67 - 86 72 - 78 75 - SO 63 - 87¼ iO - 85 42 - 57¼ 61 - 90½ 80 - 93 41 - 42¼ 42 - 42 69¾- 79}.( Memphis & Charles ton . . . . 80 - 54½ 78 - 85¼ 77¾- 87¾ 83¼- 99¾ 95 -105½ 83¼- 97 · JUetropolitan Elevated . 104 -117 113 -126 lll½-122~ 85½-116 ·36 - 25 87¾- 98 95¾ 03~ 96 86 98}& 91%91¼-101¾ Michia-an Cent1•nl.. . .. . .. 120 -126¼ 108 -122 108¾-114¾ x03¼ 113¾ 108½-116¼ 103½-114½ 96½-100¼ 84¾- 9~ - . . . . 42 - 45½ 44½- 52¾ 51¾- 64¾ 58½- 64¼ 49 - 62 43½- 54'.J,-! 44 - 54¼ 411½ ~2 47¼- 54½ 45 - 51!,,( Milw. Lake S , &W. prf, . ... 39 - 54 - . . . . 53 - 59 58½- 58½ . . . . - . . . . . . . . Mihvaukee & N orthe1·11, . . . . = ... . . I . ._.... 23 - 30½ 28 - 30 Minneapolis & S t, L . . .. . . . .  ·1···· -  M!:se:u·1:1·ii·~~.·&·T~~~~: -4◊½= 48 .. ·so~ 50½j .42½= 47¾1 ·43 =47¾ ·«½= 54. l 4~ ~ 53¾ .40¾= 5i% ·s7 =45¾,·;9¼= «·Tso~ J2¼  :½= :~ ~~ !~¾  lllISsouri P acific .......... 85 - oo •• .. - . . . . • • . - ....... . -- ... 94¼-110 106¼-114½ 101¼-112¾ t98 -110¼ 101¾-108¾ 102 106¾ 103½-108 x9'l¾-107 32;14'.- 39¾ a1 - 39}.( 81 - 87½ 32¾- 38¼ 34 - 39 I 36 - 39¼ 32¾- 377-{ Mobile & Ohio. ... . . . . . 20¼- 27¼ 18¼- 25711 20➔.(- 26¾ 24¾- 80¾ SO¼- 39 Mori-is & Esi;iex . . . . ...... 119 - 124¾ 118 -124 119 - 122¾ 120¼-124 128 --130 124½-131 122 -127½ 119¼-126¼ 123 -125¾ 122½-126 124½-126¾ 121 -127 82½-- 91½ 84½- 91)4 79 - 85¼ 1 81 - 89 80 - 91 75 - 90 84 - 05 85 - 95 76 - 86 Nn shv, Chatt, & St. L . .. 63 - 75¼ 70 - 93½ 72 -102 N. Y , Ce nt. & Hud, Riv, 147½- 155 140 - 151¼ x4l:!½ 148¾ 140¼-147 145 -152¾ x45 -151¾ 141)/4-146¾ 141½-145¼ 141¼-145½ 13;5¾-142½ 136½-140~ x130¼ 39¾ New Yol'k Ele vate<l. .... x23 -128 120 -130½ 123)/4-1277,-s 105¼-125 103 -111½ 105:1:{-113½ 104)4-111½ 96 -108 97 -111 107 -119 107 -111~ 100 -109½ N. Y. Lake El'ie ,\r,West. 47¾- 52½ 43:)4- 50¼ 45½- 49¾ 44¾- 48¾ 47 - 51¼ 44¼- 50¼ 41¼- 47¼ 41%- 44¾ 42 • 46¾ 41¾- 45½ 44¼- 48¾ 89¾- 46¼ 84½- 88¼ 88¼- 96½ 89 - 94¾ Pref....... . .. . . .. . .... 88 - 95 82¼- 92½ 84 - 90¾ 84 - 89 88 - 92¾ 8fl - 91¼ 80½- 88¾ 81¼- 68 82 - 91 . . 72¼- 72½ ... - ... . N. Y . & New Enq-land .... . ... - ........ - ........ - . ....... - . ... 60 - 65½ 84¼- 84¼ 81¼- 81~4 ... . N, Y, N, Haven & ".l :ll'tf. 178 -180 177½-180 1164¾-180 173 -180 180 -185¼ 185 -190 181 ·185 184 -185 181¼-186 170 -181 170 -175 170 -176 35½- 38½ 28¾- 37¼ 27'~.r 83½ 2U - 34~ 30 - 34)4 SO¾- 33¾ 25%- 31'4 N. Y. Ontario & West ... 28 - 42½ 80½- 43½ 33¾- 38½ 32%- 38 34¼- 40 88 - 88 85 - 85 90 - 90 Pref . . . . . . . . . . . . . . . . . . . . . . 8C - 90 80 - 80 . . . . - . . . . . . . - . . . 70 - 70 25 - 26½ . ..• - ... . 25 - 25 24¾- 26 23½- 25½ 25¼- 26 .. . . . .. -........ Norfolk & W e s tel'n ... ... .... - ... . .. - . ... ... . - . .. . .... 53 - 61¾ 55½- 60 53 - 58 53 - 60 60 - 66~! 53½- 62½ 53 - 63 61 - 70 Pref . . . . . . . . . . . . . . . . . . . . . . . . . . . 36½- 39¾ 38¾- 43½ 33¼- 40 85 - 45¼• 37¼- 42¼ 38¾- 41 38¼- 46¾ 42½- 40¼ 42½- 46 No1·thern Pacific... .. . . ... 32¾- 37½ 35½- 47¾ 37¼- 51 82¾- 88¼ 73½- 86.½ 76¾- 82¾ 78½- 82¾ 76¼- 80¾ 79¼- 86¼ 68¾- 81!'( 68¼- 75½ 72 - 85 Pref............ . . . . . . . . . . . . 64¼- 677,,~ 64¼- 77¼ 66 - 76 21 - 27¼ Ohio Ce nn·a l.. ............. 23¼- 83~ 25½- 85 28 - 34¼ 28 - 31¼ 29¼- 37.l-ll 34 - 37% 24½- 35¾ 24 - 20½ 25 - 29¾ 25 - 28¼ 25¾- 28 39 - 46¼ 40¼- i2¼ 35 - 40¾ 36 - 42½ 35¼- 39¼ 3&¼- 60 Ohio & Mississippi....... 36½- 45 36½- 46¾ 41½- 46¾ 40¾- 44¾ 43¾- 4V_/4 40 · 46 P1·ef. ... .... . ............. . . 97¾-111 102 -112½ 104¼-lJO 102 -106½ 108¼-126 116 -119 108 '..116 100 -105 106¾- 113 106 -110¾ .... - .... ' 104 -107 - .. .. 32½- 37½ 29 - 34.¾ 23 - 28¾I 23 - 28 18 - 25 \ 21 - 28 123 - 27¼ Ohio Sootlle ~u .... ···~··;·i···· - ...... -  ~::~.:~. ~.~~~-~~~.~~~.·~.~ 2iii½=2Si·· wa 1  T1·11.st c ertificates . ...... . . - .... 1 . . . . Peoria. Dec. & Evansv .. 27¼- 30¾ 32 Phila, & Reading.. . . . .. 51¼- 70 \ 50 Pitts. F t. W.& C., g ua1·. 127 -134 130 R!ns .& S arato~a :· ·· ·· · · 130 -135 !134 R1ch111.& Al,, s t . tl, ctfs, .... - ........ Rich mon d & D a.11v1·u e .. . . . . .. Richmo nd& West P t ....... -  - ..  .. 1  ····I····  • Prevlou s to F eb IO 1old a s P itts burl{ Tltnsvme & Bu ffalo.   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  = :::: :::: = :::: .::. = :::: .~~  25ii  -261 ... = :::: ·· ::: 237 =258·· 1247½~270·· 1210 =zso·· - .... ........ - ........ ·~~. :_ . . . .. 1 77 3 9 - 47½ 145 - 57)4' 38 - 51½ 32¾- 42¾ 34¾- 43¾ .,.,,,..--- 4 0 56¾- 62 j 56½- 61 I 59¼- 67½ 59 - 73 51 - 65¼ 53 - 62 129 -132¾ 134 -142 135 -141 137 -140½ 140 -140 138 -141 140 -140 138 -145 146 -146 .... - .... 1138 -142 140 -140 41½- 49¼ - .... 68 - 80 52 - 74 40 - 59 .·.·.·.· 1.·.·.·. 1 . ...... ,  - 226 225 -228 .~-.•__-_ .... -_ . . ;; 44n 42 v - 73½ 1 357¼- 71 - 134 131½-134 -136 131 -131  ~  !  -  • • ••••••  - ....  ....  -  -  ····I···· - ........ - ....  ••••••••  -  ••••  1  t Lowest is ex-privilege.  • •••  -  • •••  ••••  -  .... 1  •  • •  ...  ~  .. = 190 -200 jrno -200 jrn7 - 197 36¼- 42¾ 1 37¼- 44½, 3! - 40~ 6Z - 74¾ 64½- 68Ji 63¾- 71¼ 138 -138 .136½--139¼ jl34¼-138 -14.4 14~ -140 .140 -140 37 - 47 85 - 43½ 38 - 44 99½- 104¾ 104¾-120¼' 119 -171 .... - . ... '122 -124 122-*1743' 1 1  ; Ex-privilege.  1144  RAILROAD AND MISCELLANEOUS STOOKS.  80  1881-Concloded. STOCKS.  --------Rochester & Pittsburg. Rome Wat.& Ogdensb. St. Louis Alton & T. H. Pt·ef........ . .... . . ......... St. Louis I. Mt. & South. St. Louis&S. Francisco. Pref....... . ................ 1st pref.. . ............. . .. St. Paul & Duluth ....... Pref.... . ..... .... , ........ St. Paul Minn.&Man .. Scioto Valley .. . ... ........ Second Ave. (N.Y.City). Texas & Pacific ........... Texas & St. Louis ....... Toledo Delphos & Bul"l, Union Pacific .............. Unitell Cos. of N. J .. ..... Wab. St. Louis & Pac .. P1•ef........ .... ··········· Warren ................ . ...  JANUARY FEBR'RY. MARCH.  ---- ----  APRIL.  MAY.  JUNE.  - - --  JULY.  AUGUST. SEPT'BER. OCTOBER. N0V'BER.  DE0'BER,  ---·  Low.High Low.High Low.High Low.High Low.High Low.High Low.High Low.High Low. High Low.High Low.High Low.High  .... - . .....  - . ... ... - . .. .  28 - 38 30 - 30 40 - 54 89 - 52¾ 110¾-185% 118¾-140 52¼- 62½ 52¼- 66½ 42 - 49 44½- 51 61 - 69¾ 61 - 71 90 - 98 97 -102 26 - 40 84 - 41 71½- 75 .... - .... 88½- 90 8!1¾- 93  25½- 26 40 - 48 118½-133 58 - 65% 89 - 48 62½,- 66 98¾- 96½, 88 - 89¾ 70 - 78¼ 91 - 92  ----  26 - 81 28¾- 88½, 25 - 28¼ 30 - 86 48 -5~ 55 - 77½ 125 -129 x97 -148¾ 62¾- ~ 64¼- 82 40 - 46 46 - 49 62 - 68 68 - 75 95 - 98¾ 100 -110 86 - 89½, 88 - 42½ 78 - 84¾ 81¾- 89½, 91 - 98¾ 91 - 92  29 26¾- 81½ 22 26 - 29 87½- 41\ 25¼- 45¼ 29 - 33 .... 80 - 86 80 - 40 24 ~ 30½ 38 - 40½ 80 - 33 .... 47 - 51 44 - 57 49%- 60¼ 58 - 59 45 - 65¼ 89 - 54 98 - 99¾ 85 - 94 90 - 97 86 - 95 92½- 97½ 90 - 96 .... . .... - ... . ..... 88 - 88 89 - 44 45¾- 52½, 48¾- 50¼ 44 -4~ 40 - 45¾ 42¾- 47 55 - 67½ 70 - 75½ 66 - 74½ 65 - 72 71½.- 78U 68 - 76 x105-115 104½,-109¾ 105 -108¼ 104 -108¼ 105 -109 108 -107 26 - 2~ - . ... 80½,- 81 81 - 82 35 - 85 28 - 85 80 - 88 x79¼-79~~ 73 - 78½ 74 - 75 82 - 88 86 - 89 100 -107 100 -104 101¼-104 102 -107½ 107½-118¾ 109¼-118½. .. . ... 43½- 44½, - •· · · .... - ... .... - ... 30 - 82½ . - .... .... - . ... .... - ... 126 -126 126 -187½ - .... 65½,- ~ 52¾- 68¾ 48½- 59½, 51¼- 54¾ 45¾- 54½ 51¾- 59¼ 48 - 5 30 30 32 - 35 45¼- 45}1; . ... - . ... .... - ... . ... - . ... 45 - 47 10¼- 24½ 15 - 20¾ 25 - 27¾ 20 - 25 32 - 36½ 27 - 34 25½- 29 124¾-180¾ t122½81¾ 118¾-127½ 119 -124¾ 116%-122 117 -121¾ 114¼-120¼ - ... . . ... - . ... . - . ... 191¼-191½ 190½-190½ 185 -185 182 -182 52¾'.- 60 48¼- 59% 45¾- 54¼ 46¾- 53¼ 46½- 50% 44 - 49¾ 33¼92¼- 95¾ 86¾- 95-¼ 81¾- \JO½, 88¾-94¾ 86¾- 91¾ 88¾- 90¾ 64¼·· . - . . - . ... 119 -119 .... - .... - . .... -  86¾- 50  ... . - .... .... - .... .... - .... ... - ....... - .... .... .... - .... . ... - .... ... . - .... .. - .... .... - .... .... 41½- 53  49 - 61¾ 53 - 58¾ 54 - 63¾'. 60¾- 687/4  .... - .... .... - . ... . ... - .... .... - . ... 41¾- 47¾ .... - .... .... - . ... 23 - 84¾ 26 - ,28 27 - 88 107¾-123½ x05½,-24¼ 113 -124 114 . -121¼ 117¾-127½ .... - .... .... - . ... .... - . ... ... . - .... 186 -186 42¾-50¾ 89 - 51¾ 43½- 48  48¼ 47¾- 58 827,fr- 94 x77 -x92¾ 88%- 907,1i 86¾- 92 88½- 96¾'.  .... - .... . ... - .... ....  TELEGRAPH. American District ..... . . Amel'ican Union .......... Atlantic & Pacific ........ Gold & Stock ......... ..... Western Union . . . ... . .. Ex-ce1·tif. .................  .... ....  EXPRESS. Adams ..... .................. Ame1-icau . . ... .... . ......... United States .............. Wells, Fat·&-o & Co .......  120 -131¾ 62¾- 71 51½,- 61 l12 -121  .... .... - ... .... - . ...  53¾- 71 59¾- 74¾ 61¾- 72 69 - 96 66 - 85 71¾- SO¼ 84 - 49¾ 40 - 49 427,fr- 48 - .... ... . - . ... 150 -150 80½-120½ 99 -120 104 -118 . ... 77¾- 81¼ -· .... . ...  128 -184!1;( 65½- 71 52 - 60½ 117 -120  42½-  128 -133 68 - 78¾ 55½- 58¾ 116%-119½  A!~!~n~=:~I~~:. I ..  ic52 -x68 78 - 80 46 - 48  -  89½.- 50½ 61 - 70 95¼- 98¾ 79½,- 86½ 48 - 55 74¾- 81¼ 110 -115½ 85 - 89¾ 85½- 89 99 -100%  ....  ....  ...  ....  ....  ...  .  ...  ..  47 - 48 46 - 55½ 46¼- 49 55¾- 62 81 - 89¾ . .... - .... 47½- 56 55½- 55½ - . ...  82¾ 80¾- 92¾ 86¾- 94  128¾-182 72¾- 80 57 - 64 118 -119¾  180 -137 78 - 88½ 61 - 73 117¼-126½,  185 88 70 125  -140 - 87¾ - 75 -142  ....  .. ....  .  . . .  ...  48 - 56½ 49 - 56  84¼- 93¾ 84 - 90% 85¾- 92¾  184½,-137 80 - 85½ 65 - 71¾ 128 -126  xl85-141½ 83 - 863,ri 66½- 70¾ 129 -137½  -  82¾-  148 -147 90 - 97½ 94¾- 98 86 - 91 72½- 79 6~- 70½ 70 - 77 129¾-186 129¾-137 133½,-135  - ....  .  -  ~  -..  -  -  .  -  -  31 - 50  88¾ 84 - 88¼ x77¼-87  - .... .... - . ... .... .... .... 60 - 65 60 - 63 .... - .... .... - .. .. . ... - . ... .... - ... Cameron Coal. ................ - ... ... . - . ... .... - . ... 25 - 25 40 - 44 39½,- 42 32¼- 39% 277,fr- 45¾ 42 - 45¾ 37¼- 44 Caribou Consol. Mining 2¼- 3¾ 8 - 3 2¾- 27/4 2 - 8¼ 2 - 3¾ 3 - 3% 8 - 3¾ 2¾- 2¾ 2 2½ .... - ... 4 7 4¼Central A1-izona Mining - 5¼ 4½- 5¼ 4¾- 5 4 - 4% 4 - 4½ 1½- 6¾ 2 - 2¼ 1%- 2 1%- 2 Colorado Coal & lt·on ... 85 - 47!1:{ 40¼- 56J.g 46½,- 56¾ 53¾- 58¼ 55 - 65½ 60¼- 67 45 - 64½ 45¼- 56½, 49 - 57½ 47½- 52¾ 31 - 87 88 - 42½ 87¾- 40 Consolidation Coal. ..... 85 - 43 39 - 42½ 88 - 42¼ 37 - 88 .... - . ... 80 - 35¼ 88 - 43 Cumbel'l'd Coal & lt·on. .. - . ... .... - .... . ... .... .... - ... . .... - .... 10 - 20 . ... . ... .... - .... . ... - . ... - .... Cumb. & EJk Lick Coal .... - ... . 86 - ll9 - . ... 38¼- 38¼ .... - .... .... - .... .... - . . .... .... . ... - ... . .... - ... 18 14 12¾12½, 10 6 - 7 Deadwood Mining .... .... - 11 9 - 10¾ 8 - 10 7½,- 8¼ 5½- 7 7 - 8),p 7¾- 8 6 - 6 5 - § Excelsio1· Mining ......... 6 - 7 i - 5 5 - 5¾ 1 - 4¾ 1 - 1½ .... ... . 1½- 1~ ½- 2¼ Homestake Mining ...... 27½,- 29¾ 26 - 28 27½- 28 25¾- 26½ 25 - 25 15½- 19¾ 18¼- 19½ .... - .... 17 - 18¾ 20½- 25 La Plata Mining . ......... 9 - 9 .... - ... . .... - .... .... - ... .... - .... .... - . ... .... - .... . ... .... .... . ... - . ... Leadville Minina- ...... . . .. .. - .... ... - .... .... - .... 80 - so .... .... .... - . ... .... - . ... .... .... .... - .... .... - . ... 8 Little Pittsburg Mining. 1¾- 5¾ 8¾- 8¾ - 4¼ 3 - 3¾ 3~- 4½ 2¾- 4 2)4- 2% 23,ri- 8 .... - .... 2%- 2¼ 3 - 7 3 Mariposa Land & Min'g ¾- 8 5¼ 4¾- 9 5½- 7½, 4 - 5½ 2 - 2 .... - ... . 2¼- 2¼ 4 - 5 5 - 9 Pref..................... ... 1¾- 3 6 - 9½, 7 - 7~ 3 - 5 5½- 7 4 - 5½ 4 - 4 .... - . ... .... - . .. 27 - 33½ 25 - 30 Maryland Coal. .......... . 25 - 30 27 - 27 24 - 27 25 - 33 26 - 80 24 - 27 19 - :&3 27½- 35 27 - 85¼ 27¼- 32 26 - 29 New Ventral Coal ........ 27 - 82 26 - 29¾ 25¾- 28½ 26 - 27 25 - 26 27½- 34 80½- 83 N. Y.& Straitsville Min. 68 - 68 .. .. - ... . 56½- 57 56¼- 56½ .... - .... .... - .... .... - .... .... - .... .... - .... . ... - . ... Ontario Silve1· Mining . . 33½- 84 85½- 36 85½- 56¾ 86½- 87¾ 37¾- 88 37 - 88½, 85 - 36 86 - 86 36¾- 87 36 - 36 Pennsylvania Coal ....... 245 -245 .... - . ... 241½-241½ 240 -240 245 -250 250 -251 254 -254 .... . .. 240 -245 240 -240 Quicksilver Mining . ..... 18 - 16¾ 14 - 19½ 13 - 15¾ 15½- 20 17½- 19¼ 17 - 20~ 18¾- 21¼ xl4¾-20¾ 12½- 14½ 12½- 14¾ Pref................. .... 53 - 58 56 - 63½, 60%- 63¾ 62¾;- 68 65 - 68½ 61 - 71% 69 - 75½ x57½,-72¾ 56 - 61½ 57 - 63 Robinson Cons. Mining .... - .... ... . - . ... . ... - . ... .... - ... .... - . ... .... - .... ... - ... .... - . ... .... . .. 13½- 137/4 S,~lver Cliff Mining .... ... 3¼- 4¼ 4%- 5¾ 4%- 5½ 5 - 7 5¼- 5½ .... - - - - - ... - . .. . .... - . ... 5¾- 6% 6 - 7 . ... - . ... .... - . ... 46 - 52½, 45 -4~ . ... - . ... . ... - . ... 47 - 47 Spring Mountain Coal. . .... - .... .... - .... 23¾- 26½, 23¾- 25 Standard Consol. Min'g x21¾-x23¾ 23½-x27 22)4- 24¾ 22½- 24% 22¼- 28¼ 21 - 28¼ 21 - 22½ 21 - 22¾ Stormont Mining ......... 1%- 2% 1¾- 2¾ 2 - 2¾ 2 4 3}4- 4 2½- 3 2½- 27/4 2¾- 27/4 2%- 3 2¼- 2¾  -  50¼- 58  .... .... - .... .... - .... .... ... . - •• · • .... - .... .... 97 .. 97 .... - .... .... .... - .... .... .. ...  187 -188¼ 18';¼-153  -  ....  ....  ... ...  .... - ... - .... .... - .... .... .... .... .... - . ... .... .... .... - .... .... - .... .... - .... .... - .... .... - .... . ... - .... . .. . 113¼-117¾ 114 -129¼ 126¾-1377,,j. .... - .... .... - .... . ... - . ... ... 77  - ....  .... ....  .. ..  -  ....  140 -145 x89 - 98 73¼- 7~ 184 -188  .... - .... ....  -  ....  37¾- 40½, 82 - 86 :t¼- 2¼ 2 - 2¼ 1 - 1¾ 1¼- 2¼ 46 - 53¾ 39¼-5°'4 33 - 40¾ 84 - 34  .... - .... ... ... - . ... .... - ... .... - .... 4 - 4 ~  ¼- 1 ¼- 1¼ 17 - 19½ 14 -1~  .... ....  - .... - . .. .  ... - .... .... - ....  2¾- 2½ 1%- 1% 2'7k 4 8 - 3 17¾- 21¾ 20¼- 23 25 - 26¾ 18 - 26  8¾- 8¾  .... - ....  .... - ...... 32½- 86½ . - ... 13¾- 16½ 60 - 64 4½- 13¾  ...  .... - ....  -  ....  84 - 85 240 -245 12 - 14½ 58¼- 60¼ 2 - ~ 2¾- 37/4  ... - .... .... - .... .... - .... 44 - 44  ,  21¾- 23½ x17¾-28%  VARIOUS. Boston Land Co ........... 10¾- 11¾ .... - .... .... - .... .... - .... .... - .... ... - ... .... - .... ... .... . ... - . ... .... - . ... . ... - .... .... - .. Boston Wn.te1.· Pow-e1.· .... 18 - 18 127-{- 12}( - .... .... - .... .... - .... .... - . ... . .. - . ... 9 9 .. .. - .... .... - ... . 56 - 56 60 - 62 60 - 61 Canton Co ................. . 53 - 63 56¾- 73 71 - 78¾ .... . 68 - 68 .... - ... .... - . ... .. .. - .. .. 61 - 61 - .... Cent. N. J. Land & Imp. ... - .... .... - . .. . 85 - 35 32½- 36 .... - ........ - •• · .... ...... .. - . ... .... - . ... .... - . ... .... - . ... Del, & Hu<lson Canal. . . 89¾-109¾ 102 -114 106½,-115¾ 107 -112¼ 1087,fr-114½ 108 -1127/4 106¼-110¼ 107 -111½ 107¾-110¼ 106¾- 110:k:: 107¾-111 106 -108% Jerome Park lmp1.•ov't .. 84½- 89% .... - .... .... - .... ... - .... .... - .... .... - . ... 90 - 90 .... - ... , - . ... . ... - . ... . ... - .... . ... - .... 88½- 40% 41¼- 4'n6 47 •_ 49 . .. . - . ... 42 - 42 N. Y. & Texas Land ..... 30 - 36½ 33 - 86½ 36 - 36 .... - ... 86 - 45 46 - 47 42½- 47 Oregon R'y&Nav, Co ... 135 -167¾ 159¼-190 *148-186 185 -158 152 -169¾ 165 -178 x160-173 155½,-164 155 -169 153¼-ltl7 162 -174 •184 -165 Pacific Mail S. S . ......... 45¾- 57¾ 48%- 62¼ 53½- 59½ 45¾- 57¼ 52 - 58% 50¾- 55¾ 47 - 54 47¾- 53¾ 48 - 52¾ 47%- 51¼ 48¼- 49¾ 39 - 45)4 Pullman Palace Cat· .... 140 -151 139½,-144½ 188 -146¼ x181-145 130¼-185 134¾-146½ 142 -144 138½-143¼ 130 -145 127)4-133½ 128 -133 l.jQ -137 Sutro Tunnel. .......... .$ 1¼- 1¾ 1 - 1¾ 1 - l!)-4 1½.- 2½ 1¼- 2½ 1½- 2½ 1¾- 1¾ 1¾- 1¾ l½,- 1% 1¾- 1¾ 1 , - 1½ %- 1¼  ....  - .. -  .  • Ex-privilege.   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  +Lowest is ex-privilege.  -  .  ....  . ...  .... .... ··-•