The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
WALTER T, HA.TClt.
ARTHUR :MEt-VlN H.A TCB,
ll~~RY . PRESCOTT HATCH.
Jlembers New York Stock and Produce Exebana;e1.
W. T. HATCH & SONS,
·Bankers and Brokers,
.o. 14 Nassa-c1- St_:, Ne vv -York:..,
(CONNECTED BY PRIVATE WIRES WITH)
BRANCH OFFICE.
808 .Chapel St., New Haven, Conn.
l
DEALERS
IN
1NITED STATES SECURITIES, FOREIGN EXCHANGE, &c.
1
')Personal attention given at the New York Exchanges to the Purchase and
I Sale on Commission of Stocks, Bonds, Grain, &c., either for Cash or on Margin.
I
.
I
j
t
:
'
LOANS .MADE OR NEGOTIATED UPO~ SATISFACTORY SECURITIES.
t
lINTEREsr
ALLOWED
UPON DEPOSITS,
SUBJECT
1·0
CHECK
WITHOUT
NOTICE.
.,
I
--r~f8ERAL
ARRANGEMENTS
:MADE
WITH
BANKS AND BANKERS.
SPECIAL ATTENTION PAID TO ORDERS FOR INVESTMENT.
J.
BROTHERS,
BANKERS,
!2 - BROADWAY,
(EQUITABLE BUILDING),
NEW YORK.
I
t
De O' its received subject to Check at Sight, and Interest allowed on Balan~es.
· vernment and other Bonds and Investment Securities Bought and Sold on
o~ ·ssion.
! Tele aphic Transfers made to London and to various places in the United States.
Bills Drawn on the Union Bank of London.
State a~d Municipal Bonds Negotiated.
Advances made upon Available Collateral.
Approved Business Paper Discounted or Received as Security for Loans.
Collections made throughout the United States and Territories, the British
'rovinces, and Europe.
Dividends and Coupons Collected.
Letters of Credit and Circular . Notes Issued for the use of Travelers, available
i all
arts of the World.
!
i
i
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
CANADIAN BANK OF COMMERCE.
Capital, $6,000,000; Surplus, $600,000.
.
.
ALEX. LAIRD AND WM. GRAY,
·• . l ,
AGENTS,.
No.
I
.
I.
6 Exchange Place, N. ·Y.
Buy and Sell Sterling Exchang~, Cable TransCers, E~ .
· Issue Commercial Credits, Available in all Parts of tb e World.
,
. GEO. COPPELL.
THOS. MAITLAND.
GERALD L. HOYT,
Member N. Y. Stock Exchange.
MAITLAND, PHELPS & CQ.,-.
BANKERS
AND
COlVLMISSIONl\/J:ERCHANTS
Nos. 22 & 24 Exchange Place, New York.
Bills of Exchange., Letters o-C Credit., Telegraphic Transfers of
Money on LOND<.>N, PARIS, MEXICO, CUBA,&c.,&c.
BANKERS,
18 WAI.L S'IREET,
'Iransart a General
Eank.hlg Busine~s,
includhlg the Pnrchase and ~ ale of Stocks
ano: Eonds for fa8h or on Margin.
:BUYr AND BELU
l:N-VE~'JJIIE~T
A. M. K IDDER ,
H . J . MORSE,
.
I
~E(..JIJ'II.ES.
CH.AS. D. M.A RVJN,
W. M. KIL DER.
.
KISSAM, WHITNEY & CO.,
BANKERS AND BROKERS, .
11
BROAD
STREET,-
N·Ew
YORK.
(Mills Building.)
INTEREST ALLOWED ON DEPOSIT ACCOUNTS SUBJECT TO DRAFT AT SIGHT.
Government, State, Municipal and Railroad Securities .:Bought ·and Sold on·
Commission for Cash or upon Margin.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
.
WM. FAHNESTOCK, Member N. Y. St~ck ~xchange.
GIBSON FAHNESTOCK.
•FAHNESTOCK & CO.,
BROKERS IN
STOCKS AND INVESTMENT SECURITIES,
•,.
UNITED BANK BUILDING,
No. 2 WALL STREET. NEW YORK .
•
Dominick & Dickerman,
BANKERS AND BROKERS,
'f4 BROADWAY A.ND 9 NEW STREET,
NEW YORK.
BRANCH O FFICES,
348
PR.IV ATE WIRES,
BKO..l.DWA.Y A.ND 65'7
w. G. DOMINICK.
W. B. DICKERMAN,
I
FIFTH A.V.
B. DOMINICK,
G. F. DOMINICK.
Members of N. Y. Btoek Exchange.
WALTER STANTON.
WM. EDWARD COFFIN.
COFFIN & STANTON,
BANKERS,
1 1 WALL
S 1" R E E T,
NEW YORK.
Deale1·s in State, Municipal and Railroad Bonds.
MONEY ADVANCED ON NEGOTIABLE SE'1UR1t1TE~.
CLARK DEWING.
Member New York Stock Exchange,
HIRAM DEWING.
H. DEWING & SON,
BANKERS AND BROKER~,
18 WALL STREET, NEW YORK.
Stccks and Bonds Bought and Sold on ~ommission. Particular attention
given to information regarding Investment Securities.
Accounts received and In
rest allowed on Balances, which may be checked fot
at sight.
·
Iowa Loan & Trust Co. 5 per cent and -6 per cent Debentures bought and. sold.
Nebraska· Loan & Trust Co. 6 per cent Debentures bought and sold.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
JOHN H. DA VIS & CO.,
BANKERS A.ND BROKERS,
No. 10 -VV-.ALL STREET. N.Y.
Astor Building.
11Iembera orNe'W York and Philadelphia Stock Bxchanc...
PRITA'l'E WIRES TO BOSTON, PHIL.A.DELPHIA, BA.LTIIORE .A.ND CHICA.GO.
Our BOND DEPARTMENT is organized and conduoted with great care, and our BUREAU OF RAILWAY INFOR
VA.TION is unusually complete.
We are thus enabled to give valuable _a id to th~ seeking safe and profitable
INVESTMENTS.
ROBERT D. FARLEE
' J. S. FARLEE.
J.. S. FARLEE & BROTHER,
No. 7
P. 0 . Box 1466.
NASSAU STREET,.
{Continental National Bank Building.)
NEVVYORK.
BROKERS AND DEALERS IN
INVESTMENT BONDS.
State, Municipal and Approved
BONDS
RAI -LROAD
On hand for immediate Delivery, Suitable for So.Tings Banks, Trust Funds and other Conservative Investment,.
CORRESPONDENCE SOLICITED.
INVESTMENT BONDS A SPECIALTY.
RO-LSTON & BASS,
STOCKS••BONDS
AND
MIS.CELLANEOUS
W. H. ROLMTON,
llember of the N. Y. Stock Excban.re,
W. ALEX. BASS, Jr.,
Member of tlle N, Y. Stock Exchan.re,
EDWIN S. HOOLEY.
GEORGE LEASK.
SECURITIES.
20 Broad Street., N e-w- York.
P.
JULI~N W . ROBBINS.
o.
Box 3,089.
HENRY S. WARNER, Member N. Y. Stock Exchange.
LEASK & CO.,
STOCK BROKERS,
35 WALL STREET, NEW YORK.
All Securities Current at the New York Stock Exchange Bought and Sold on
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Commission.
GEORGE LJi:ASK & CO.,
DEALE·R S IN COMMERCIAL PAPER.
HEAD . &
CHARLES
co.,
BANKERS .AND BROKERS,
Mills Building, 17 Broad Street, New York.
60 Devonshire Street~ Boston.
CONNECTED BY PRIVATE TELEGRAPH WIRE.
Stocks ;nd Bonds Bought and Sold . on Commission.
CHARLES HEAD.
S. ELIOT GUILD.
JAMES S. McCOBB.
HARRIS K. SMITH.
THOS, L. MANSON, JR,
HARRY V. LONG,
BOODY, McLELLAN & CO.,
BANKERS~
No. 57 BROAD~AY., NE"W" YORK.
All Securities Dealt in at the New York Stock Exchange Bought and
Sold either for Cash or on Margin.
BA.ILWA.Y BONDS AND OTHER INVESTMENT SE<JIJBITIES A
.._
SPE<JIALTT.
•
Accounts Received and Interest Allowed on Ba.lances, which may be Checked for at Sight.
P. O. Box 44?'.
·
D.\.VID A. BOODY.
C. W, McLELLAN.
REUBEN LELAND.
HENRY T. BOODY,
H. CRUGER OAKLEY ,
MAYNARD C. EYRE,
JAMES WHITELY.
THOMAS H. BOLMER,
PRINCE
& WHITELY,
BANKERS AND
64 Broadway,
BROKERS,
New
y ·o:rk_
All Classes of Railway Stocks, also Grain; Provisions and Cotton, ·
Bought and Sold on Commission.
C H RY S T I E & J A N N E Y,
BANKERS,
No_ 6 -W-a.l l St_, Ne vv -York.
Receive Deposits and Allow- Interest on_ Daily Balances,
·Deal in Ra_ilroad and Othe:r Investment Securities,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Make Oo11ections 1hrou~ho-ut the United States and Canada.
-~
':'.
MOORE -& SCHLEY,
BANKERS AND
BROKEHS.,
No_ 26 Broad st~:, Nevv -York:~
MEMBERS OF TH E NEW YORK STOCK EXCHANGE.
PRIVATE WIRE CONNECTIO~S WITH COR.ESPONDENTS AT
Boston, Phi-ladelphia, Washington, D. C., Chicago, Baltimore,
and Richmond.
GEO. H. PRENTISS & CO.,
DE ALERS IN
LOCAL SECURITIES AND BONDS,
40
"'- all Street.,
J
.208 Montague
I
NEW YORK.
Street,
BROOKLYN.
Members of New Vork Stock Exchange. Orders on the New Vork Stock Exhange
for Cash or on Margin.
Executec.J
TAINTOR&HO LT,
BANKERS,
No_ 11 -W-all St:re~t:,
Cor.
~e-vv Stree-t-J
NEW YORK •.
Transact -a General Banking and Stock Exchange_Business.
Deposits Received and Interest Allowed on Balances.
Private Telegraph Wires to Providence and Boston.
GILES E. TAINTOR.
G. D. L'H UILIER.
GEO. H. HOLT.
WOOD, HUESTIS & CO ..
(Successors to WOOD & DAVIS,)
BANKERS AND BROKERS~
.No_ 31 Pin.e Street:, N_ -y_
.
Government Bonds, State, Municipal and Railroad Securities Bought
and Sold.
GEO. C, WOOD,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
C. H, HUESTIS, Member N, Y! Stock Exch ,
L. M. SWAN,
·
WAYNE GRISWOLD.
JEROME D. GILLETT.
GRISWOLD & GILLETT.
3 WALL STREET, NEW YORK.
Dealers 1n high grade City, County, Township and First Mortgage
Railroad Bonds.
P. W. GALLAUDET & CO.,
Ba:n..~ers~ ·
UNITED
BANK
BUILDING,
WALL ST., _(Jor.. BROADWAY.
STOCKS, BONDS AND COMMERCIAL PAPER.
Stoc_k s and Bonds Bought and Sold on Commission at New
York Stock Exchange. ·.
ADVANCES MADE ON BUSINESS PAPER.
R. T. WILSON
& CO.,
.
.
Bankers and Oommissiori Merchants,
2
Exchange Court, N e'liJ York.
NEGOTIATE
RAILWAY
AND
OTHER
SECURITIES .
.AOOOUNTS REOEIVE.D .AN.D INTEREST .ALLOWED ON BALANCES, WHIOH MAY BE OHEOKED
FOR .AT SIGHT.
ALLEY, DOWD & CO.,
BANKERS AND
STOCK COMMISSION BROKERS,
-
'10 BROAD-WAY, NEW- YORK.
WM. 8. ALLEY,
WM. B. DOWD,
FERDINAND T. HOPKINS, ' }
THOMAS H. THOMAS,
SpeotaJ.s.
INVESTMENT DEPARTMENT. Especial attention paid to the
P"IJRfJHASE AND SALE OF INVESTMENT SE(JVRl'rlE8
IN AMOUNTS
SlJJ.TA.BLE FOB TRUSTEES, ESTA.TES A.ND OORPOR \TIONS.
ALL STOCKS AND BONDS BOUGHT AND SOLD ON COMMISSION.
poupoDe collected or caehed, and any 1Dfonnatioll u iO earnipga ancl mdo~tedn~ ot J>OJl>Onttions turniehed J.,uveatore 011 appl1oatlo1a,
.. . . :
'
.
. .
.
.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
JOiiN P.A.TON,
CORNELIUS C. CUYLER,
BENJAMIN GR.A.HAM,
}
General
M Rfits K JE$UP,
partners,
Special Partner,
,
JOHN PA TON & CO.,
Successors to JESUP, PATON &
co.,
52 -W-illiarb St_~ Ne \A/ -York._
ACCOUNTS AND AGENCY OF BANKS, CORPORATl~NS, F!RMS AND INDIVIDUALS
. RECEIVED UPON FAVORABLE TERMS.
Bonds and Stocks Bought and Sold on Cmnmission, and full information
given regarding Securities.
DIVIDENDS AND INTEREST COLLECTED AND REMITTED.
Act
as
Agents
for
Corporations
Dividends;
also
as
in
Paying
Transfer
Coupons _and
Agents.
SOUND RAILROAD AND MUNICIPAL BONDS NEGOTIATED .
. Foreign Exchange Bought and Sold.
Draw on the Union Bank of London,
British ·Linen Company Bank, London and Scotland.
GEO. K. SISTARE'S SONS,
BANKERS AN.D BROKERS,
16 and 18 Broad, and 45 East 125thS tree t, New York
99 GRISWOLD STREET, DETROIT,
115 SOUTH FIFTH STREET, PHILADELPHIA,
212 EAST GERMAN STREET. BALTIMORE.
BUY
AND
SELL ON COMMISSION,
F~R CASH
OR
ON
MARGIN,
All Securities Dealt in at the New York Stock Exchange.
Dealers in all First-Class
State, City, Town, ·County and Miscellaneous Bonds.
INTEREST ALLOWED oN
C.OUPONS
AND
DEPOSITS,
Su:aJECT To
DIVIDENDS
CHECK.
COLLECTED,
And a complete Financial Report Issued Weekly to our Customers and Correspondents.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
FINANCIAL REVIEW.
-
(A· N
NU AL.)
LIBRA Y
1889.
FIDERAl RESERVE "Cl.H K
OF NEW YORK
COMMERCE,
BANKING, INVESTMENTS.
WILLIAM B. DA.NA. & CO., Publishers,
0 F FI C E
O F T H E C q JI M E R C I A L A N D F I N A. N C I A L C D R O N I C L E ,
102
WILLIAM STREET,
NEW
YORK.
[Entered according to Act of Congress, in the year 1889, by WILLIAM B. DANA & Co. , Publishers of the COMMERClAL
CHRONICLE, in the office of the Librarian of Congress, Washington, D. C.J
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
AND FlNANC fAL
tf'/0':>
5•0
APJ 1 g 1921
I
(
~
F~DERAL
ntJ?)
1t~n
C O ·N TEN.TS:
"ERVI BANK
PAGE.
Retrospect of 1S88 . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ......... .
l
«Jlearings and Speculation in 1888 . .... . . . . . . ... . . . . . . . . . ........................... . ...................... .
7
Securities listed at the I\' cw York Stock Exchange. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9
Business failures in 1888.................. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10
..,.
Banking and Financial-Statistics home and foreign. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
12
Reports of U. S. Secretary of Treasury, Director of · the Mint, and Treasurer of the U. S............... . . . . . . .
12
New York City Bank Movements .............. . ......... .. ..... ................................. ............ : . . .
16
Great Britain in 1887-C..:>mmercial and Financial Review..... . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . .. .. . . ..
16
Trade and «Jommerce-Commerce of the United States....................................................... . . .
20
., Comparative Prices of Merchandise, 1860, 1880-1889. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20
Values of Exports and Imports and the Trade Balance, 1860-188~............ . ........ . . . . . . . .
. .. . . . . . . . . . . . 21
Exports of Leading Articles of Domestic Produce for Four Years. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
21
Imports of Leading Articles of Merchandise for Four Years . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21
Values of Imports and Exports of the United States for the calendar years 1887 and 1888 ................•........ 22
The Money Market-Review of the Market-Currency and Silver Status . .........................................
23
Prices of Call Loans and Commercial Paper, 1881-1888 . ...... .................. ... .... : . . . . . . ... . . . . . . . . . . . . . . . .
~4
Gold and Silver-Production of the United States in 1888........................... .. .. . . .. .. . . . . . . . . . . . . .. . . . .
26
Product of Gold in Australasian Colonies ................... . ... . ................. : . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26
World's Gold Production since 1851 .............. ....... . .. ...... . .•...................... . ;.. .... ..............
26
World's Silver Production since 1851. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
26
Foreign Excllan;-e-Prices in New York, 1873-1888........ . .......................................................
27-
lnvestments and· Speculation. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . .. . . . . . .
~3
Compound-Interest Table, Showing the Accumulation of Money in a Series of Years. . . . . . . . . . . . . . . . . . . . . . . . . . . • • 33
Table Showing the Rate Per Cent Realized on Securities Purchased at Different Prices. . . . . . . . . . . . . . . . . . . . . . . . . .
34
Stock Speculation in New York ...............•.......................... ·:........................ . . . . . . .. . . . .
36
United States Debt and Securities-Debt of the United States, 1793-1888.................. . ..... ............. ..
37
Prices of United States Bonds, 1860-1888.... . ............... . ... . • • . . . • . . . . . . . . . . ... . . . . . . . . . . . . . . . . . . . . . . . . . . . .
38
State Securities-State Debts and Review of Legal Decisions ...•...•... :...........................................
46
Prices of State Securities, 1860-1888....... ..... . ....................... ......................... ........... • •
Railroads and 'l'heir Securities-Railroad Statistics for the United States ...... .. ..... . ~...................
46
o..l
Railroad Earnings in 1888 and 1887...... . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . • 62
Prices of Railroad Bonds, 1884-1889.................. .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
63 .
New York Stock Market, 1884-1888. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
?'8
Prices of Railroad and Miscellaneous Stocks, 1884-1888. . . • . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . SO
Boston Bnnds in 1888. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 90
Boston Stocks in 188'3. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 91
Philadelphia Bonds in 1888...... ..... .. ..... . ...... .... ..... . . . . .... . .. . .. . ...... . ....... .. .. .............. .. ..
92
Philadelphia Stocks ,i n 1888. . . . . . . . . . . . : . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
93.
Baltimore Bondi! in 1898. . . . . . . • . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
94
Baltimore Stocks in 1888. . . . . . . . . . . . . . . . . . . . . . . . . • . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
94
'Tile Investors' Supplement ......... . ......... ...... . ....................... . . . ... . . ...... ....... ... . . ... APPENDIX
Article Showing Dividends for Seven Years on Railroad Stocks in New York, Boston, PLiladelphia and Baltimore.
. . . .. . . . .. . .. . . .. . . .. . . .. . . .. . . .. . . .. . . . .. . . . .. . . . . . .
United States Bonds-Description.......... . .. . . . .
State Bonds-Description, and Financial Status of States . ............... .. .. .. .. . . . . .. . .. . . . . .. . .. . . . . . . . ..
. . . .. . . .. . . .. . . .. . . . . . . .
City Bonds-Description, and Financial Status of the Cities. ....... . ..... . . . . . . .
Railroad Stocks and Bonds-Descripti<)n and Financial Conditio~ of Companies, Earnings, &c.... . . . . . . . . . . . . . .
I
IV
IV
VII
XIV
Railroad Earnings by months for Four Years Past on Leading Roads ............................................ CXLIII
New York Bank Stock Table ................ .. ....•......... ... .. .... ..... . ............................... CXLII
New York Insurance Stock Table .. ........• ...... . .... . ............... . .................. . ............. CXLII
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Federal Reserve Bank of St. Louis
•
THE
}1INANCIAL REVIEW.
1889.
...,.-,.<---'""""' - -
RETROSPECT OF 1888.
The year 1888 was one of fair business prosperity
throughout the country, notwithstanding the occurrence
of the Presidential election. The Stock Exchange,
however, failed to respond to the healthy condition of
affairs, and without experiencing at any time a really
buoyant movement, the year was marked by depression,
and the prices of a few notably weak stocks showed an
appalling shrinkage during the twelve months.
The effects of excessive railroad building during the
three consecutive years 1886, 1887 and 1888 were distinctly visible; the supply of new railroad securities
that had been created was immense, the effects of competition were disastrous to rates, and the decline in net
earnings of certain prominent railroads west and south.h t
l
. . . . R.
west of t h e M 1ss1ss1pp1 1ver was a most wit ou
precedent.
In taking a general retrospect of the year, we may
mention among its events the easy monetary situation
and large purchases of bonds by the Government; the
continued increase in the circulating medium; the free
taking of American securities by foreign countries; the
pendency of the Mills Tariff bill in Congress till its adjournment on October 20th; the Presidential election
transpiring without a ripple of disturbance; the InterState Commerce law working unfavorably for many of
the railroads ; the sharp wheat corner in Chicago in
September; the formation of the French copper syndicate, and the tendency in this country to form trusts in
different kinds of merchan~ise; the large crops (except
of wheat); prosperity in cotton manufacturing; a heavy
production of pig iron; the largest out-turn of anthracite coal ever made; a petroleum product decreased
about 5,500,000 barrels; some 7,000 miles of new railroad constructed; th disposition by Government of
16,319,000 acres of public lands to settlers; a large railroad tonnage, but decreased net earnings; moderate exports and large imports of merchandise, with a trade
balance for the year of $33,457,000 against the United
States and a net export of $20,567,000 gold. As general
results, the New York Stock Exchange transactions
were 65,179,000 shares, against 84,914,000 in 1887;
business failures in the country were $123,829,973'
against $167,560,944 in 1887, although the showing
was much less favorable as to the number of concerns
failing, since the total number in 1888 was 10,679,
against 9,634 in 1887.
For the purpose of showing at a glance the industrial
and :financial statistics, which present a sharp comparison of the two years 1887 and 1888, the table below is
brought forward. The :figures relating to the production of wheat and corn are the final estimates of the
Agricultural Bureau; as regards cotton and other articles
the current estimates of the best authorities are taken•
The aggregate mileage operated on the one hundred and
three railroads who e earnings for the twelve months
are reported was 70,912 miles in December, 1888,
against 67,627 miles in December, 1887. The immigration statistics are given exclusive of immigrants from
Canada a nd ;Mexico.
GENERAL
______
smrnARY
Fon 1.wo YEARS.
1887.
j
1888.
1,694,771,688
Coin and currency in u. s. Nov.l .. $
1 , 678 ,oo9,969
Bank clearings in United states .... $ 51,050,705,235 49,097,52 8,591
123,829.973
167,560,944
Business failures . .... . ..... . ...... $
725,224,153
708,818,478
Imports of merchandise ........•.... $
691,7titi,462
715,301,044
Exports ot· mernhandise ........•.... $
3 6,62 6,292
374,569,365
Gross earnings 103 RRs ...•........ . $
7,000
13,080
Railroad constructed ..... . ..... mil es.
· 415,868,ooo
,156,329,oou
Wheat raised ................. busl1els.
1,98 7,790,000
1,45 6,161,000
Corn raised ..........•.. . ..•. bushels.
7,017,707 (est.) ,,000,000
Cotton raised .... . ..........•.... bales.
7, 269,628
7,187,2 06
pjg iron produeed.(tons of 2,000lbs.) .
1,528,057
2,29(1, Ul7
Steel rails. Bessemer (tons 2,000 lbs .; I
38,145,718
34,641,017
Anthracite coal. .. (tons of 2,240 lb11.) .
16,25 ~,977
21,819,027
Petroleum (runs) production .... bbls.
518,518
510,058
Immigration into U. 8........... .... ..
16,319,076
17,406,658
Pub.landsales(yr.end'gJune30) acres
The :financial machinery of the country worked well
and the money market was kept supplied with funds
throughout. The total circulating medium was still on
the increase through the coinage of gold and silver, and
notwithstanding the decrease of $34,692,349 in national
bank circulation, the whole volume of the circulating
medium on November 1, 1888, was $1,694,000,000,
against 1,678,000,000 on November 1, 1887. The total
amount of silver dollars coined up to Oct. 1, 1888, was
$306,750,890. The Government began to purchase
bonds on the 23d of April, and from that time until
November took bonds very freely; the total purchases
of bonds (par value) for the year were $101,715,500,
causing a disbursement of $120,254,940 in money.
The crops of the year were very good, except of
wheat, which showed a large decline in both the spring
and winter crops. Cotton was a good crop, but late,
and corn was estimated at 1,987, 790,000 bushels, the
largest yield ever made. Business in the country was
evidently of large volume, the production of pig iron
and of anthracite coal were the heaviest ever recorded,
while cotton manufactures were ·on a large scale and
profits· highly satisfactory. There were no serious
strikes, with the exception of the Reading strike begun
in December, 1887, and the strike of the Chicago Burlington & Quincy locomotive engineers,
With the railroads the year was not prosperous, and
in spite of a large tonnage and passenger movement, the
gross earnings were frequently below those of 1887, ~nd
net earnings in some cases fell off to an alarming extent.
The activity in railroad construction was continued in
the early part of the year, and much road was completed which had been undertaken by strong corporations as parts of their great systems. Many smaller enterprises were also progressed, and the whole building
of new roads for the year was estimated to be about
7,000 miles, which, at $20,000 per mile for road and
equipment, must have called for an outlay approximating $140,000,000.
I
·
Entered according to Act of Congress, in the year 1889, by Wll..LlilI B. DANA & CO., Publishers of the "Commercial & Fioan:}ial Clu'.onicle,"
in the Office of the Librarian of Congress, at Washington, D. C.]
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Federal Reserve Bank of St. Louis
JlETROSPEU1.!
Add to this the construction in 1887, say 13,080 miles
at $261,600,000, and the construction of 1886, say 8,400
miles at $168,000,000, and we have the surprising total
of 28,480 miles of new railroads constructed in the
United States·in three years, calling for a probable outlay of about $569,600,000; and this without mentioning
the very large expenditure for improvements and betterments on the old systems during the same period.
Closely connected with this gigantic energy in railroad extension, and partly accounting for the ease with
which the · country carried it, was the immense taking
of American railroad securities by the home and foreign
markets during tp.e years 1886 and 1.887 and up to
September, 1888, when the St. Paul dividend
was passed. The London and Continental markets
were quietly absorbing millions of our railroad securities, and this was not only in new loans but in the old
stocks and bonds listed on our Stock Exchanges.
Unfortunately the entire absence of statistics regarding
the export of securities prevents the giving of auy
accurate :figures, but the foreign banking houses are
agreed that the amount of English, Dutch and German
funds invested here was very heavy.
From the various circumstances sketched above it was
not an unnatural result that general business throughout the country should be fairly prosperous in 1888,
while the Stock Exchanges were depressed, and j)rices
of some of the leading Western railroad stocks depreciated amazingly. The business failures of the year
amounted to $123,829,973, against $167,560,944 in 1887.
Yeare.
15t Quarter. :ld Qua1·ter. 3d Quarter. '1th Quarter. Total Year.
.amollllt.
Amount.
Amount.
Amount.
Amount.
1876~ 1$64,644,156
1877 · 1 54,538,074
1878. 82,078,826
1879. 43,112,665
1880. 12,777,074
1881 . 24,447,250
1882. 33,338,271
1883. 38,372,643
1884. 40,186,978
1885. 46,121,051
1886. 29,681,726
1887. 32,161,762
1 888 . 38,884,789
$4c3,771,273 $47,857,371
45,068,097 42,346,085
48,753,940 66,378,363
22,666,72!1 15,275,550
20,111,689 12,121,422
16.499,395 10,112,365
17,242,64.9 18,942,893
27,816,39:i 5-.:,072,884
84,204,304 56,627,821
28,601,3041 23,874,391
20,752,73 4 27,227,630
22,976,330 73,022,556
29,229,370 22,114,254
$3-!,844,986
48,717,680
37,172,003
17,094,113
20,741,815
30,096,922
32,023,751
54,612,254
45,324,324
25,623,575
36,982,02 !:l
39,400,296
33,601,560
$191,117,786
190,669,!-'136
234,383,132
98,140,053
65,752,000
81, 155,93~
101,547,564
172,874,172
226,343,427
124,220,321
114,644,119
167,560,944
123,829,973
The following summary shows the condition of the
ew York City Clearing-House Banks, rates of foreign
exchange, and prices of leading securities and articles of
merchandj_se, about the 3d of January, 1887, 1888, and
1889.
Taking up the several departments of business, the
main events and statistics of each will be found under
the titles following.
Agricultural Products.
The farmers and planters generally experienced a
good year in 1888 except in the yield of wheat, which
was cut short as to the winter crop by bad weather in
the fall and winter of 1887-8, and as to the spring crop
m Minnesota and Dakota by ser~ous damage resultin:g
from a frost in August, and the whole crop was estimated at 415,868,000 bushels, against 456,329,000 in
1887. The yield of corn was a maximum, and estimated to be 1,987,790,000 bushels,as the crop was
helped by a late fall, with no bard frosts in the corn
belt till the ears had well matured.
As to cotton, the season was excellent up to the end
of August, but then came very heavy rains, though
afterward the winter was so .ID:ild that picking continued
i,n some sections up to February, 1889, and this added
materially to the yield. A conservative estimate for the
crop raised in 1888 is about 7,000,000 bales.
In the markets the great feature was the ad van.ce in
wheat and the corner of the Chicago market by Hutchinson in September, when prices were forced up to $2 00
per bushel on September delivery. Although relaxing
after this pressure, the wheat and flour market remained
very strong on the short crop here and in western
European countries, and had it not been for an immense
yield in Russia~ both in 1887 and 1888, bread might
have risen to extraordinary prices.
Taking the values in New York City about the 1st of
January following the crop, we find that if the whole
of each crop could have been laid down in New York
at that date the values would have been approximately
as follows:
ESTIMATE OF CROP V.\LUES ON JAN, 1.
. Yield.
1887.
1888.
'l'otal values
1889.
_
············1
0 .........
Call loallB.... ......... .••..••.
Prime paper, sixty days......
Silver in London, per oz..... .
Prime sterling bills, 60 days..
United States Bon,ds6s, currency, 1898 .••..••.....
4¼s, 1891, coupon ..•..••...•.
4s of 1907, coupon ..•...•...
4@8
5@612
4t:i14d.
4 8112
4 @6
512@612
4-!~d.
4 8312
131 7s
11014
12712
125
10712
125¼
Rttilroad Stocks-
4 11>7
5@5¼
4212
4 tj5
. 127¼
1081.J
126 34
10734
281s
9434
8714
11234
118¼1
10734
75 7s
129 34
75
New York Central & Rud. Riv.
Erie (N. Y. L. E. & W.) ..... .
Lake Shore & Mich. Southern.
Michigan Central. .•..... . .•.
Chicago Rock Island & Pacific
Illinois Central. . . ...•...•.....
Chicago &Northwestern,com.
Chicago Milw. & St. Paul, com.
Delaware Lack. & Western ...
Central'of New Jersey .•..•••.
.Merchandise-
934
10915
9910
Cotton, Middl'g Uplands.~ lb.
7¼
7
7
Brown Sheet'g,Atlan. A 36in.
38
37
39
Wool, Ohio fleece ......... !jjl lb.
Iron Amer. pig, No. l. .!jjl ton. 20 00@21 00 2100@2150 18 00@18 50
28 0':
Steei rails at mills ..••.....••. 36 00@37 00 32 00@33 00
10112
92
9334
Wheat, No. 2 red win.!jjl bush
46
.
63
481s
Corn West.mix.No. 2.~ bush.
Pork; mess .. ....•.. ..•. :fll bbl. 12 25@12 75 15 50@16 00/14 00~14 25
885s
901s
7014
Petroleum pipP liPP certifl<-'fl.
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I
I
Value of
Crop.
Yield .
Price,
Jan.'88
cts.
$
422,106,020 456,320,000 92
914,889,400 1,406,161,0001 63
Value of
Crop.
$
419,822,680
917,381,430
. ..7_.~-~~·~-~l- ~~. 1.::::::::~~ . ~. ~~-~·:.~~ ~~~ -~~~ 1.:::::::::::
In the following tables is given the yield of wheat,
corn, oats and cotton for a period of thirteen years past :
CROPS OF WHEAT, CORN, OATS AND COTTON SINCE 1875.
Loans and discounts .•••.•••. $ 343,687,500 356,::i40,000 388,798,700
$ t2,718,100 71,139,300 7t:,521,300
Speoie ... . ...... . .. .
4,862,300
8,077,300
7,911,500
Ci:rculatiou •••...
Net deposite ..... ............ · :359,268,600 359,35P,800 400,314,600
Legal tenders ................ · 19,370,400 27,259,800 29,838,700
Lega.l reserve . . .............. ~ 89,817,150 89,839,950 100,078,650
Reserve held .••..••.•.•.•.•. $ 102,08 , ,500 98,399,100 106,360,UOO
6,281,350
8,559,150
Surplus reserve ••....•..••... $ 12,271,350
Money, Exchange, Silver-
Price,
Jan.'89
cts.
Wheat.bush. 415,868,000 101½
Corn ... bush . l,98;,;90,000 46
Cotton.bales
SUMM.A.R't Oll' STATISTICS ANl> PRlCli:S .A.BOUT JAN . 3,
New York 0it11 Banks-
Crop of 1887.
Crop of 1888.
Coro.
Y e ~ _ -~bea~B~~
B~a
1876 ..... . .... 289,356,500 1,283,,8 27,500
1877 .. . ... . . .. 364,lll4, 146 l,3<12,558,000
1878 . ... . ..... 420,122,4011 l,38!:!,'218,7:iO
1879 (Census). 459,483,137 1 ,754,591,676
1880 ...... .... 498,549,868 1,717,434,~43
18dl. ..... .... 383,280,090 1,!94,916,000
la82. ... .. . ... 504,185,4.70 1,617,025,100
1 883 ...... .... 421,086,160 1,551,066,895
1884 ...... .... 512,765,000 1 1,795,528,000
1 88 5 ...... .... 357,112,000 1,936,176,000
1886 ...... .... 457,218,000 1,665,441,000
18g7 ..•.....•. 456,329,ono 1,456,161,000
18d8 ...... .... 415,868,000 1,987,790,000
_
I
Oats.
B~~
320,884,000
406,394,000
413,578.560
407,858,999
'117,885,380
416,481,000
488,250,610
571,30'.!,400
583,628,000
629,409,000
624,134,000
659,618,ooo
701,735,000
~?~~~
Bal~
4,485,-!13
4,811,265
5,07:-l,531
5,757,397
6,58H,3'29
5,435,845
6,ti92,'234
5,714,052
5,669,02 1
6,550,215
6,5J,.3,623
7 ,011,707
7,000,000
The exports of wheat and flour in the fiscal year ending June 30 were large, but a good part of the movement took place in the summer of 1887 at the low prices
which followed the bursting up of the wheat cliques in
Chicago and California.
EXPORTS OF FLOUR, WHEAT, CORN .A.ND COTTON SINCE 1879.
Year ended June 30.
1879 ..................
1880 .... ........... . ....
188 1 .... ..............
1882 ............. .... .
1883 .............. ....
1884 ......... ........ .
1885 .... ..... .........
1886 ..................
1887 ..................
lt:188 ............ ......
Barrels.
Wheat.
Bushels.
Corn.
Bushels.
Cotton
Bales.
5,629,714
6,0ll,419
7,945,786
5,915,686
9,205,664
9,152,260
10,648,145
8,179,241
11,51 ,449
11,963,574
122,353,936
153,252,795
150,565 ,477
95,271,802
106,385,82d
70,349,012
84,653,714
57,759,209
101,971,949
65,789,261
86,296,252
98,169,877
91,l:J08,l75
43.184,915
!0,586,825
4.5,247,490
51,834,416
63,655.433
40,307,252
i4.~'i8,417
3,462,741
3,811,153
4,549,743
3,694,706
4,626,808
3,884,233
3,969,568
4,283,723
4,499,579
4,650,598
f Wheat Flour.
~-
RETROSPECT.
United States Public Lands.
The sale and disposition of public lands by the Government
each year is one important indication of the activity in settling
up new districts and tbus adding to the material wealth of
the country. In the table following are shown the sales and
the free entries under the homestead and timber culture acts
in each fiscal year ending June 30 for fourteen years.
UNITED STATES PUBLIC LAND SALES FOR FOURTEEN YEARS.
Year ending
June 30.
For
Cash.
Acres.
1 8 75 .. . ..... ·• ··
1876 ........... .
1877 ..•.......•.
7 45,06 1
6,1,0,692
740,687
1878.... .. ... ...
1879 ...... ·••···
1 880 ...... ·· ····
1 881. ... .. .•••••
18!::!2. .•. . ... . . ..
1883 ...........
1884..... .......
1885 . ... . . . . .•• .
1886 . ••.. ... . ...
1887..... •... . ..
l_838............
877,555
f'i22,!'>74
850,741
1,58 7 ,618
3,611,5::ll
5,547,6 10
6,317,8<17
3,912,450
3,773,498
5,587,9 10
5,907,155
Homestead
Entries.
I
Timber
Total.
~~~1~:.
Acres.
Acres.
2,820,928
3,483,894
2,698,77).
4,418,345
5,260,111
6,045,570
5,o ~8, 101
f<,348,045
8 ,171 ,71;,
7,8::11,510
7,415,886
9,145,135
7,594,350
6 ,676,616
3,565,989
4,124,586
3,439,458
1,870,434
2,766/>74
2,193,18-l
1,763,799
2,566,6d6
3,110,930
4,084.464
4.,755,0U5
5,391,309
4,224,398
3,7ll5,305
7,166,334
8,649,259
9,089,495
8,379,518
12,52ti,262
16,830,255
1 8,23 3,821
16,083,341
18,309,042
17,406,658
16,319,0-76
Manufactures, Iron, Coal, Petroleum.
The cotton manufacturing industry was th.riving during
1888, and the annual cotton report in the CHRONICLE of Sep•
tember 15 showed that the consumption of the raw material
had been large, and the condition of the cotton goods trade
from first frmds extremely prosperous, The margin between·
the prices of the raw material and of manufactured goods
was such as to afford a good profit, and in print cloths partic•
ularly the situation was rather remarkable, the supply bein g
hardly kept up to the demand ; the stock on hand, which was
1,355,000 pieces on the first of September, 1884, had run down
ill there was virtually no surplus stock on Sept. 1, 1888. Of
woo1en manufactures there are no reliable data, but the agita•
tion of the tariff question for a large part of,.the year, wi th
the proposed abolishing of the duty on foreign wool, could
hardly fail to have an iojurious effect.
f
b
d d
d
.
·
I n iron manu actures t e year recor e a pro uct10n or
pig iron larger even than tbe heavy output of 1887. In
commenting upon the trade of the year, the Bulletin.. of the
Association states that the total production of pig iron in 1886
was 5,683,329 gross tons; in 1887, 6,417,148 tons; in 1888 as
high as 6,490,7~9 tons. The increase in 1888 was owing to
the large Southern output. Our production of Bessemer
steel rails in 1886 was 1,574,703 gross tons; in 1887 it was
2,044,819 tons; in 188'3 it has been about 1,364,337 to ns; all
these figures are in gross tons of 2,240 lbs. each. In the pro•
duction of bar iron and plate and sheet iron, the figures for
1888 did not vary greatly from thdse for 1886, while our
production of structural iron and steel was greater in 1888
than in 1886, and also greater than in 1887. The con·
sumptivn of iron and steel in the United States in 1888 w as
less than these estimated figures of production would indicate; for although our importations of iron and steel in
1888 we e nearly 950,000 gross tons, they fell far below the
mportations of 1SS7, which reached 1,783,251 tons. The South
ern product of the Tennessee and Alabama manufacturing di s•
tricts was a growing feature, and it was owing mainly to th e
large output in these districts that the total pro:luction in
the country was increased. As to· prices, the B ulletin r e•
marks that best foundry pig iron dropped during the year
from $21 to $18 and steel rails from $31 50 to $28 as a rule
and in exceptional cases to less than $27, but not to less tha~
$26 at Pennsylvania mills. The low sales were made late in
October and early in November. The market soon rallied
to $28.
The production of pig iron, steel and steel rails in the
United States has been as follows for eleven ye::trs. The
figures are those of the Iron & Steel Association.
IRON AND STEEL PRODUCT srncE 1877.
Bessemer
Bessemer
Pig Iron.
Steel Ingotd.
Steel Rails
Tons of 2,000 lbs. Ton s of 2,000 lbs. Tons of 2,000 lhs.
Years.
1878 ......•....
187!L ....•....
1880 .....••....
1881. ....•.....
1882 .....•.....
IJiL:: :::::::r
188 5 .. •..•••.. .
1886 ..•..•• ....
1887 . ........ .
1888 . ......... .
2 , 577 ,361
3,070,875
i;~~tt~i
5,178,U~-&
5,146,972
4,5 89,613
g~i:ig~
7,187,206
-; ,'2 69,62 8
t~li~~F<~s~roba.bly 50 000
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8
'
The out•put of anthracite coal in 1888 surpassed all esti;
mates, and shipments from the mines reached the heavy tota
of 38,145,718 tons, against 34,641,017 tons in 1887 and 32,136,362
tons
in 1886. Nor was there any great accumulation of stocks, but the country absorbed readily the
immen se tonnage produced up to the end of November, and
after that time the principal companies voluntarily curtailed
the production in their mines. The following shows the product ion, as measured by the shipments, since 1879:
ANTHRACITE CO.AL PRODUCTION IN UNITED STATES.
Years.
('1.'ons of 2,240 lbs.)
Wyoming. Schuylktll
Lehigh.
- - ·-----·!--·-- ------T ons.
Tons.
•.roas.
1880.. . .. . . . . . . . .. . . . .... 11,419,279 7,554,742 4,463,221
:i.881. ....... ...... -· ..... -113,951,883 9,258,958 5,2?4,676
18S2 ... .. ..... . .......... 13,971,87l 9,4511,288 B,689,48i
18€3 .. ..... .. . ... . . .. .. . . 15,604,492 10,074,726 6, 113,S!)IJ
1884 . . . .. .... . .. .. . .. 15,716,455 9,478,314 5,562,226
1885 ..... . . ... _ ........ . . 16.236.470I 9.4 ~.426 5.898.633
1886.... .. . . .. .. . .. .. .. .. 17,081,S26 9,381,407 5,723,129
1887.... ... .. . .. .. . .. . . .. 19,fl84,929 10,609,028 4,3i7,060
1888 . .. . . . . .. .. . .
... . 1 21,8i'.12,366 10,654,116 5.639,236
Stooks at
Tidewater
points end
of Year.
Total.
'l'ons.
23,487,242
28.500,017
211,120,096
31,793,027
30,75d,995
31,623,521JI
32,136,362
34,1\41,017
38,145.718
Tons.
...... ..
...... . .
562,116
748,330
874,681
754,545
372,282
130,977
652,156
The petroleum production was much reduced by the agreement of restriction made in 188'?, which continued till Octo•
ber, 1888. Under this arrangement the production was
reduced over 5,500,000 barrels compared with 1887, and the
stocks on hand Dec. 31 were estimated at 18,595,474 barrels,
against 28,357,112 on D ec. 311887. The foreign exports of re•
fined oil fell off about 7½ per cent as compared with 1887.
Prices of pipe line certificates fluctuated during the year as
follows: Opened in January at 901/s, sold up to i1 00 March 6,
down to 71¾' June 27 and closed Dec. 31. at 87½,
'Fhe runs and deliveries in each year since 1879 (and stocks
at close of the year since 1881) have been as followd :
PETROLEUM RUNS AND DELIVERIES SINCE 1879.
R1ms.
Deliveries.
Stocks.
_________ ___ 1_ _B
__a_iT__e_ls__·_ _B
__a_rr._e_ls_. __ 1_ _ _ _ _ _
1880 . .... . .. . ... ...••...•....
1881... . .................... .
1882. . .. . . . . . . . . . . . . . . . . . . •. .
18 83 . ............... ......•. .
188 4.. .. . . . . . . •. . . • . . . . . . . . . .
1885 .. .. ~...... .. ..... ...... .
1886
-· · · · · · · •· · · · · · · · · · · · · •· ·
1887 .... ··•··••······••·· ....
1888 ..•................ - ..... .
24,790,164
29,674,462
31,789,195
24,3 85,968
23,704,510
21,225',203
26 0 3 645
, "' ,
21,819,027
16,259,977
15,765,800
20.240,121
22,094,300
21,967,63 6
24,053 ,90Z
24.,086,104
26 3 6 483
, !:l ,
27,347,998
26,470,654
34,335:i47
35,715,565
36,872 ,892
33,539,038
33,367,898
28,357,112
18,5~5,474
Railroad Construction and Earnings.
The best comment that can be made upon railroad construe•
tion in the United States is the fact that 1888, with a construction of about 7,000 miles of new road, was considered a
small y ear. In 1886, according to Poor's Manual, 8,400 miles
were built, in 1887, 13,080 fmiles, and for 1888 the current
estimates give about 7,000 miles, making a total construction
of 28,481) miles in three years, which, allowing $20,000 per
mile for road and equipment, would have called for a
capital expenditure of $569,600,000 in the three years. Of
the whole mileage constructed in three years some 4,400
~iles were in Kansas alone. In the first half of 1888 the
new construction went on rapidly, and it was mainly done
by som 3 of the larger corporations which were carrying out
plans made in 1887. Later in the year building was restricted
by most of the large companies in consequence of the discouraging effects of competition already experienced by
them. M11ny new projects were formed, but only a few of
the companies reached the point of actually laying track on
their projected lines.
In 1888 the reports showerl that
Kansas was still in the lead with about 550 miles ; California
next with 520 miles; Georgia, 450; Ke:zitucky, 390; Michigan,
310; Washington Territory, 325; Texas, 250; Illinois, 300 ;
Minnesota, 300 ; Alabama, 320 ; Colorado, 230 ; Missouri, 260 ;
South Carolina, 200 ; Nebraska, 195 ; Tennessee, 185. Iowa
was conspicuous for only about 35 miles of new road.
Railroad earnings were tolerably well kept up in most
sections of the country, but on a few of the great roads of
the F ar West and Southwest there was a shrinkage in net
d t k
earnings wbich was appalling to the managers an B oc ,
,
:!
holders.
The
chief
cames
for
this
decline
were
the
over.
732 2 6
5 50 398
928,97-&
683,964
buildi ng of railroads in those sections, with the usuaf compeition for business and cutting of rates; the effect of the Inter 1,696,450
1,438,155
State Commercelawprohibiting pooling of earnings or charg1,654,627
1,286,554
1,540,595
1 ,116;62 1
ing any higher rates on local business than on a longer haul
g~u~~
of through business; partial failure of the crop :, pa,ticularlj
3,288 ,351
2 ,354,132
of corn, in 18~7; and also a very considerable declind in busi(1)
+ I ,!:>28,0 57
ne~a, owing to the falling off in railroad on 1-r do from
or 60 ooo tons will be ad ed to thio in ihe gteat act ivity of 1886 and 1 871
}:;g~;g~
1.~~t:~8~
i;n~:~i;
4-
•
RETROSPEOT.
Foreign Commerce.
The foreign trade movement of the country was again remarkable for the relatively small amount of exports of do•
mestic products and the large amount of imports of foreign
merchandise. For the twelve months ending D8c. 31, the
totalexports of merchandise amounted to $691,766,4:62 and
the imports to $725,224,153, thus showing a balance of $33,457,691 against the country. In the same period the net exportation of gold-that is the excess of exports over importsamounted to $20,567,337.
But the shipments of some
$10,000,000 in November and December were mainly caused
by the condition of the London money market and the drain
of gold thence to Russia and South America. The small exports of produce were partly accounted for by the almost
total suspension of wheat exports to Europe from the United
States in the late summer and fall of 1888, when the advance
in prices here kept our market much above the parity of Liver
pool, the markets of England and all Western Europe being at
the same time glutted with Russian wheat, of which the yi-ld
both in 1887 and 19gs was enormous. Exports of co tton in
the fall of 1888 were a,lso much retarded by the backwardness
-of the crop.
6 mos. J an. 1 to July 1.
1888.
1887.
$
$
12 mos,, Jan. 1 to Dec. 31.
18~8.
1887.
------ -$-$
Exports .. 311,043,527 33o.:rno,o64 691,766,462
715,301,044
Imports .. 372,618,827 357,480,191 725,224,153 708,818,478
·- Excess .... Im. 61,575,300 Im.27.090, 127 rm.33,457,691 Ex:. fi,482,566
Gold exc. Ex. 9 724 943 Ex. 1.166 173 Ex.20 567 337 Irn. 35 744 873
Bank Movements.
The national banks continued to reduce their circulatfon
owing to the purchase and retirement of Government bonds
and the small inducement for them to keep circulation outstanding when considering all the circumstances attending it.
The total amount of circulation surrendered during the year
was $34,092,349, leaving the national bank circulation outstanding on January 1, 1889, $233,475,885, against $269,168,234
on January 1, 1888. The total amount of governments on
deposit by the banks to secure circulation was $163,468,400 on
January 1, 1889, against $184,444,950 on January 1, 1888. The
national bank loans have increased rapidly in the past few
years, and the returns made the first week in October showed
fl,306,000,000 Joans in 1885; $1,451,000,000 in 1886; $1,587,000,000 in 1887; and $1,684,000,000 in 1888.
The New York City banks were not disturbed by any
extraordinary events and they met all calls upon them with
promptness, including the large drain of currency in thPSeptember wheat corner. The maximum surplus reserve was
reached on June 16, when it was $28,463,700, and the minimum on December 29, when it was $6,281,350. Deposits
reached the highest point on October 20, at $421,884,800.
The following table shows the maximum and minimum
of deposits and surplus reserve of the Clearing-House banks
for ten years.
MAXIMUM AND MINUIU!II DEPOSITS OF NEW YORK Cl'I:Y B ANKS.
.M aximum.
1879 .... ·····-··· ..•.....
1880 ... . .... . ..... . ..... .
1881 .... ···· · ··· ........ .
1882 .................... .
1883 ............ ···· ·····
1884 ........ ···-····· ... .
1885 .... ....... .... .. ... .
1886 .... . ... .••....... .. .
1887 .... ········ .... . .. .
1888 ....... .
$254,770,700 Aug.
307,796,700 Nov.
352,65 .800 July
322,863,200 July
327,326,700 July
363,544,400 Feb.
391,804,900 Aug.
396,080,800 Feb.
392,771,200 Feb.
421,884,300 Oct.
Mfriimum.
2 $193,121,700 April 5
6 242,087,100 Jan. 3
23 271,66 ,800 Mar. 12
29 277,930,000 Nov. 25
14 279,944,200 Mar. 31
161280,698,100 June 21
22 340,816,300 Jan. 3
13 345,708,500 Sept. 11
12 341,935,900 Sept. 24
20 371,305,900 Jao. 7
M.AXI111UM AND MINIMUM SURPLUS RESERVE FOR TE
Maximum,.
1879 ...... ;. .... . ... .... .
1880.... ...... . . ...... .. .
1881.._ ..... ~--· .... · ·-· ·
1882 .... ··· ···-· . ... . ... .
1883
1884·:::::::.::::·:::. ::::·
1885.... .. . . ........ . . . ..
1886.... . . . . . . .. . .. . . . . . .
1887 ..... .. . . ... . .. . . . .. .
1888.... . ... . . .. . . . . . . .. .
1
YEARS .
llfinimmn. --
$17,877,300 Feb. 1 def. $671,225 Dec.
18,471,275 July 17 def. 2,461,875 Dec.
16,728,575 May 20 def. 3,333,275 Oct.
10,895,600 April29 def. 3,024,950 .Nov.
10,007,575 Jan. 27 def. 6,770,875 Mar.
42,297,450 Del'. 4 def. 6,607,125 May
64,724,100 July 30 24,712,650 Dec.
36,156,425 J an. 30
4,008,200 Dec.
22,298,450 Jan. 29
3,345,900 June
28,463,700 June 16
6,281,a50 Dtc.
New York Money Market.
8
4
7
11
17
22
24
18
25
29
ment bonds by the Treasury in September and early in October. Between September 1 and o ~tober 9, when the purchase
of 4 per cent bonds ceased, th3 Treasury took $43,290,950 of
bonds (at their par value), disbursing therefor a much larger
mm in money, owing to the high premium paid. There was
a little show of activity in October, when an exceptional rate
of 7 per cent was made to stockbro.l{ers, and again late in
December, when money was naturally a little closer, with talk
of a squeeze on call loans; but these amounted to nothing,
and there was never any serious apprehension of trouble.
The volume of the circulating medium in the United States
(including both that in the Treasury and in circulation)
appears in a table given under the title of the " Money Mar•
ket, " on a subsequent page of the REVIEW. The total increase
between Jan. 1, 1879, and Nov. 1, 1888,amounted to $643,350,753,
The amount of money deposited with national banks on
Government bond collateral did not change materially, and
on January 1, 1889, it was $52,390,164, against $52,199,918 on
Jan. 1, 1888. The amount of Government bonds on deposit
to secure national bank circulation was $163,468,400 on Jan.
1, 1889, against $184,444,950 on Jan. 1, 1888, a decrease of
$20,976,550 during the. year.
The rates for money in the New York market, both for call
loans on the various sort3 of collaterals and for prime commercial paper, were quoted as follows in each week of the
year.
CALL LOANS AND PRIME PAPER WEE KLY FOR 1888.
Call
Prime
Call
Prime Week ending
Weeliending
Loans.
Paper.
Friday.
Loans.
Paper.
Friday.
Jan. 6 ........ 3 7lJ 6 5½~612 July 6 .. ...... 1 1i> 2 3 @412
" 13..... . . . 3 1i> 5 512@6
" 18.. ...... 1 •iJ> 2 3½3@412
" 20 ..... ... 3 'ft 4¼ 5121i(6
" 20........ 1 @ 2 4 @412
2
2
A~g.
12
::
~
~
" 24.. .. . . . . 2 @ 21.g 412'.z5
" 24 ... .. ... 1121z) 2 4 '@5
3
M~h.
~
~
~
8~~t.
19
" 16........ 2 1i> 3 4 121z)512 " 14 ........ lV@ 4 412@ tS
::
~
r12:
0 ~,t.
Af.ril1
~
½12:
1
" 20 .. .. ... . 112a> 3 5 @6
" 19.. .... .. 112@ 3
434.@512
2
2
M~y
N;v.
~~
:: U:::::::: t12,: ~
~12
" 25........ 1 @ 2 4 @5
" 23.. ... .. . '.:! 'a) 4 4191z)5
3
J~,ne
~
D;c, ~::: ::::: ~
f~:g
;;
~
t 12
~
~
f~!~~
" 29:::::::: 1 @ 2 3 1 -a14 1 - " 28 ··· ···· · 3 @ 8• 5 @5 '~
_*_l_O_p_e_r_c_e_n...!.t_w_a_s_p_a_id-D--'-ec-;.:cm_b_·e-=;"3'-1-._ _._··:....·--=------!.-~-~
F;~. L:::::: i ;: ~ !!!!g~
J:::::::: i : i~ ! !!~
iL:::::: } ! i~ 1 !!~
L:::::: ½~: !ig!g
: ~~--:.:::: ! i34:~
L::::::
g !t!g~
L:::::: i~: !~!g~
!~:g~ :: &::::::: i~! !~:~
! ;~
!!
!~½ :: ~f-······· !
i~:::::::: :
!~:~
L:::::: :
i~!g~
~L:::::: }~: r~:~
L:::::: 1~: g :~
I:::::::: i~: t !~:g~
L:::::: i :
½~·-······ i :
;
United States Bonds.
There was really but one prominent feature during the year
in Government securities, and that was the Jarge purchases
by the Treasury between the first purchas~ on April 23d and
the close of the year. S ~cretary Faire '-iild did not begin to
purchase until Congress had passed. a resolution affirming his
power to use the surplus in that way, and he then issued his
circular on April 17. The whole amount taken during the
year was $101,715,500 par value, of which $51,398,1350 were
4 per cents of 1907 and $50,318,850 were 4½ per cents, due 1891;
the total disbursements for the whole amounted to $120,254,940. After the first of July the purchases were applied to the
sinking fund for the fiscal year ending June 30, 1889, until
that was fully made up. The prices of governments naturally
fluctuated very much according to what the Treasury would
pay, and while the buying was most active, and holders
supposed t hat the Government would be obliged to take bonds
at almost any price to relieve the market, and to keep all
things easy and pleasant before the P1·esidential election in
November, prices ruled very high, and the Treasury paid 130
for the fours on Sept. 20, and afterward paid 109¼ for the
4½ per cents on Nov. 22. When the urgency relaxed, and
there was less need of large purchases, prices declined, and
the Government having virtually ceased to purchase 4 per
cents on the .9th of October, those bonds fell off sharply and
small lots taken on Nov. 19 and Dec. 6 were at 125.
The bonds out standing Jan.1, 18S8 and 1889, were as follows.
The money market was scarcely disturbed by a ripple of
U. S. BONDS OUTSTANDING.
excitement during the year, and the table below shows that
there were very few weeks when the low rates of 1%@2 per
Description.
Jan. 1, 1889.1 Jan. 1, 1888.
cent were not made on call loans. The demand for money
$230,044,600
on stock speculation was small, and the drain of currency to 412s or 1891.... . . .. $181,152,300
4s of 1907 .. .. . ... · 1 681,137,600 1· 732,593,630
the West, to meet the sharp demand caused by the Chicago ·Navy
14,oov,000
Pension Fund
14,000,00 : >
64,023,512
64,623,51:l
· wheat corner in September, was met by the supply of mon~y Currency 6;i. ... . . ..
l'ota.l .. -..... .. .... IJl940,913,412 $1,041,761 ,742
furnished the market throug!i, the large purchaseE! qf Gover:q..
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
I
I
Decrease.
$49,392 300
1$i~;r:
5
RETROSPEOT.
Foreign Exchange.
The course of foreign exchange durine 1888 was very much
influenced by the relatively small exports of domestic products and the heavy imports of foreign merchandise, and on
the other hand by the continued stream of American railroad
securities towards Europe until the middle of September.
In the fall months the drain of gold from London to the
Argentine Republic and to Russia also led to a demand for
·gold from our market. Under these various influences thP
rates of exchange ruled high at times, and there were considerable exports of gold in May, June and July and again
late in November and in December, the total net export of
gold for the year being $20,56 1,,337.
The Bank of England rate was 4 per cent at the beginning
of January, and changed afterward to 3½ on Jan, 12; 3 Jan.
19; 2½ Feb. 16; 2 March 15; 3 May 10; 2½ June 7; 3 August
9; 4 Sept. 13, and 5 per cent on Oct. 4, at which point it remained during the balance of the year.
Bankers' posted rates for sterling exchange, both 60 days
and sight, for each day in tbe year will be found among the
annual tables on a subsequent page.
Railroad and Miscellaneous Stocks.
At the Stock Exchanges in New York and other cities the
y, ar 18.88 was generally marked by depression and shrinkage
in values. But the stocks of coal roads, the Vanderbilts, and
a few others, formed a conspicuous exception to this rule.
The decline of the year in certain railroad s·ocks had been
foreshadowed as a probability by the frequent comments
made upon the excessive railroad building and the construction of parallel and competing lines in 1886 and 1887, and also
from the workings of t he Inter-State Commerce law. In the
autumn of 1887 the CHRONICLE had r emarked that a reduction or suspension of dividends by the leading corporations
engaged in this heavy railroad building might be a probable
result, and this was precisely what took place during the
ensuing year. On the othu hand, the anthracite coal rail
roads were crowde i with the largest tonnage they had ever
carried, and generally made large earnings, the notably strong
companies, such as Lackawanna and Delaware & Hudson,
having a handsome surplus over and above their dividends,
At the opening of the year the market was clouded by the
strike prevailing on the Philadelphia & Reading properties,
which con1inued until the 19th of February and was then
terminated by the complete succeEs of the company. Depression and slack business were the rule, with irregular fluctua tions in the market, until the dulness reached a climax on
Fdb. 14, and only 47,000 shares changed hands at the New
York Stock Exchange. The market dragged on without animation till the first of March, when the strike of Chicago
Burlington & Quincy locomotive engineers further depressed
the tone, and to this was added the extraordinary blizzard in
Ndw York and its vicinity on Monday, the 12th of March, by
which business was almost entirely suspended for three days
and the damage to railroads was very great. Stocks continu ed very weak, and from the 20th to the 25th of March declined to the lowest point so far reached in the year; Missouri
Pacific was especially Wc!ak until the 1½ per cent dividend
was declared, and Reading declined on the exhibit of a heavy
loss in net earnings caused by the strike.
The first real i mprovement in the market came after the
isgue of the circular by Secretary Fairchild on April 17th, offering to purchase Government bonds daily, beginning on the
23d. A much better tone set in, confidence increased, and
there was more demand for stocks both at home and abroad;
but the improvement hardly lasted three weeks and in the
second week of May bears were again selling stocks short;
the C. B. & Q. quarterly dividend was reduced to 1 per cent
and the heavy decrease in Atchison earnings affected that
company in Boston. The Reading reorganization was virtually completed by the successful negotiation of the 4 per cent
. mortgage bonds to pay off the old 6 and 7 per cent general
mortgages. From this time until after the first week in July
the market was quite irregular, there was never much animation, and th9 effect of the extraordinary decrease in earnings
on some of the great system s of the West and Southwest was
beginning to be understood and appreciated in the market.
·The Missouri Kansas & Texas and the Minneapolis & St. Louis
railroads defaulted~ and Boston felt very severely the loss of
earnings on Burlington & Quincy and Atchison Topeka &
Santa Fe. The half-year closed in June with a trifle bette:r
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
feeling after the declaration of the regular quarterly dividend
of 1½ per cent by Rock Island and the very fair semi-annua
exhibits of the Vanderbilt roa1s.
With the second week of July the stock market awakened
to a better spirit, and from that time until the 13th of September there was more or less animation and a more confi_d ent feeling. The crop reports were good, except on winter
wheat; the cable war was settled, hel~ing both the cable
lines and Western Union Tel.; the foreign demand for stocks
was still a most important element ; the money market
was kept easy by the Government bond -purchases ; there
were large advances here and there in special stocks, or in
certain groups, such as the coalers or the Southern stocks, and
~ltogether the p3riod fron the middle of July to the middle
of September was the best of the year. With the 13th of
SepteQ1ber came.a great s~t-back to the m1rket in the passing
of the St. P ctul dividend on the common stock and reduction
of the preferred stock dividend to 2½ per cent for the
half-year. This gave a shock both here and in London, and
was followed in OJtober by the reduction of the Atchison
dividend to½ of 1 per cent. The publication in the CHRONICLE of the gross and net earnings of ten leading railroads of
the West and Southwest for the six months ending June 30
caused the public to realize fully what the loss in net earnings had been-this statement showed that the gross earnings
for the half-year were about $60,000,000, against $67,000,000
in 1887, and the net earnings were only $13,000,000, against
$25,500,000 in 1887.
After some recovery in tone and frequent sharp fluctua tions, owing to the heavy short interest, there was a stronger
feeling prior to the Presidential election in November, the
Vanderbilt stocks and coal stocks being among the strongest.
It was generally believed that a rise would take pla~e after
the election and stocks were firmly held, but the holders were
~reatly disappointed, for the market soon became heavy and
there .was a ge·n eral decline throughout the list. This was
mainly the result of loug holding of stocks which were thrown
overboard as soon as it was found there was no party ready
to take hold of the market and inaugurate a bull movement.
N"ovember witnessed an irregulal' and unsettled tone with
much depression, and this reached over into D ecembPr. But
after the middle of that month there was an improvement,
which kept up until the c~o3e of the year; the coal stocks
particularly were very bu0yant, Delaware & Hudson touching
134, Lackawanna 144¾, Jersey Central 95 ¼' and Reading 50,¾ .
The VandArbilt roads' preFminary exhibits were issued late
in the month and compared unfavorably in net earnings with
the previous year, but an extra dividend of 1 per cent was declared on Lake Shore and the policy of 5 per cent a year on
Central & Hudson in the future was announced; a dividend
of 1¼ was also declared on C. C. C. &I.-the first since February, 1883.
One main cause of the better feeling in December was the
meeting of Western railroad presidents in conference with
members of banking firms having London connections,
at the house of Mr. J. Pierpont Morgan, when the policy of
maintaining rates was agreed to by officers of nearly all the
prominent lines running west and southwest from Chicago
and St. Louis; a restoration from cut r ~tes was orde red for
the first of January, 1889.· The stock market closed on Dec.
31 very dull, but with a strong undertone.
The volume of sales at the Stock Ex:change was· comparatively small, and this was the more noticeable from the fact
that the amount of securities listed had so largely increased.
The following table shows the sales at the N. Y. Stock Exchange of railroad and miscellaneous stocks and bonds, and of
Government and State bonds, in each year from 1879 to 1888
inclusive:
Government
bonds.
RR. and Mis.
bonds.
72,765,762
97,919,099
114,5 11,248
116,307,271
97,049,909
9 6,154,971
92,538,947
1( 0,802.050
84.914,616
65,179, , 06
$
$
412,309,400 1 112,571,8/'i O
58,459,600
569,910,200
35,395,850
385,889,500
1 ,555,850
246,769,410
!7,0!6,150
284,768,100
14,905,150
49fl,955,200
15,261,200
660,ti59 ,400
11,793,500
5 8 7,2~{7,500
7,110,400
347,127,330
6,573,700
345,\jl4,057
- - - -- Shares.
1879.....
1 880. ....
188 1.. _..
1 8 2. --··
1883 .....
1884.... .
1885... ..
1886.. ...
1887... ..
:.88 8... ..
I
RR. and Mis.
stocks.
State
bonds.
------- - ·$
22,64 3,150
15,497,400
49,5 69,300
26,571,260
6,986 ,500
2,826, 900
14,678,053
20,3!-l4-,411
15,'., 06,"00
5 _188,285
As to the range in price3 of active stocks tht:1 lim·t:1 wne
very wide, as may be seen in the following table showing the
opening, highest, lowest and closing prices of leading groups
6
RETROSPECT.
of stocks at 'the New York Stock Exchange during the elected President of St. Paul. St. Louis Alton & Terre Haute
suit for back rental decided by U. S. Supreme Court against
year 1888.
the company, Tennessee Coal & Iron Co. issue $1,000,000
upenOlosi'g. preferred stock and retire $1,000,000 of common.
______ _!__»_!!:_ _!!!?}:~ __Lowe st.
MA.Y.-Atchison opens Chic. Santa Fe & Cal: Ro1d to ChiTrunlr Lines-1 d
C
& T
H
88
80 Mar. 15
Baltimore & Ohio, ___ 105¾ 10612 Jan. 17
ecree of foreclosure enexas entra
ouston
cago.
Boston & A.lbany _____ 19712 203 July 14 19412 April 13 202
tered. Prov. & Worcester agrees to lease to N. Y . Prov. &
53
4512 .April 2
5718 Oct. 1
Canada Southern .. ___ 5534
~g~ ~~il ~ 151~ Boston. Atlantic & Pacific ~utborizes 2d mortgage for
~~t 1g~~
72 April 2 863-4 $10,000 per mile, $5,600,000. Temporary default on Int. & Gt.
9218 Oct. 1
M1<'hi1ranCentral..___ 8714
3
NorthArn 1st mortgage bonds and a lease of this road to Mo.
N. Y. Cent. & Hudson 107 4 111 Sept. 28 102¼ April 2 109
53 34 K. & Tex. reported canceled. Joint committee appointed on
56 ~ Oct. 1
5214 May 28
cJaiRifJ;~n1a * · · · · --· 5414
Del. Lack. & Western 12934 1451s Oct. 1 12312 April 3 14414 M. K. and T. affairs representing the bondholders' committee
Delawarfl & Hudson .. 103 1 134 Dec. 20 103 Jan. 3 13212 and the Gould interest. Am. Bell Telephone proposes to issue
5l12 A11rn 14 5'17s ~2,000,000 bonds. Denver & Rio Grantie authorizes new imLehi1rh Valley .. _______ 55 4 5 771 s Sept. 8
'IP
7312 April 2 95
95 4 Dee-. 24
New Jersey Central.. 75
93s prove ent mortgage of $5,000 per mile. Iowa RR. Commis734 Mnr. 28
1112 Sept. 12
834
N. Y. Susqueb. & w..
4412Dec. 6 4918 sioners fix lower ratesonrailroads. Smallexportsof gold in
54 7sSept. 8
Ph. & R. Vot. trust.c.t 50
w_l\~g, 1 ~g~~•\_~Rs.a~!.. 9634 9958 FPb. 20 53l 4 Dec. 5 5814 May and in June and July. Bar silver in London declined
to 41,¾d. on the 21st.
Chicago Burl'/?t'n & Q 12!:1 34 13012 Jan. 27 103 34 Dec. 5 110
JUNE.-Minneapolis & St. Louis RR. defaults on its interest.
6334
5914 Dec. 10
78 Feb. 24
Chicago M. & St. Paul. 7'fl7s
ept. 4 102 58 April 2 10814 Mo. Kan. & Texas defaults, and bondholders' committee
Chicago & o'western 107 a4 116
2
1 4 1
appointed. The Philadelphia & Reading new 4 per cent loan,
i fs
~~~0!;ic~;i:i~
7334 to amount of $29,682,000, negotiated in N. Y. and London,
66 -¼ Dec. 5
89=4 J an. 3
8934
l\'lbsouri Pacific ___
7
26 s and offered by syndicate at 87½, Brooklyn & Montauk RR.
2212 Dec. 3
3612 J an. 5
St. Louis & San Fran 35=4
61 12 Dec. 5 · 66 ~ issms $600,000 5 per cent ~old mortgage bonds, to pay divi74 3s Oct. 5
Pae-itl~~oads- pref. 7134
3!'\3s dends of 30 per cent on preferred and 20 on common. Oregon
2612 l\Iar. 26
Cen1ral Pacific.______ 3214 37½ July 30
25 12 R'y & Nav. joint lease to Northern Pacific and Union Pacific
H1 7s A'pril 3
2934 Sept. 11
Northern Pacific_____ 2212
tl03s enjoined. Emp'- ror Frederick of Germany died on the 15th.
4234 Mar. 31
n4 Sept. 11
pref. 46~
Do
9214
84 ]4 April 2
97 May 2
& Nav'n . 90
Oregon
2 3118 B. & O. sleeping cl.Lrs sold to Pullman Co. Manhattan Elevated
1714April
32 Oct. 1
2114
Trans________
Ore~on Ry.
64.14 quartnly dividend reduced to 1 per cent; surplus earnings to
48 April ~
6612 Oct. 19
Union Pacific .. _______ 58~
be-applied to paying for damages to abutting real estate. Mo.
Southern Roads934 Pac. dividend reduced to 1 per cent. Much agitation over
2
4
Dec.
R
n:i.ioct.
1014
EastTenneasee --·-··
C
S
67 12
55 Mar. 22
83 Oct. 25
1st pref. 61
Do
2314 r ates in Iowa and hostility of tate ommissioners. JudgA
2712 Oct. 3 1714 April 2
2d pref . 2112
Do
57 3s Brewer of U. S. Court granted temporary stay.
b0 5a pril 2
6!14 Jan. 9
Louisville&Nashville 6l3s
f~~~e-sii'o;~:::::::::::
8~t }
f
[i,~•x: ir
i~~ i:~: i
ii~lift i!
Y~~e ii ii~
n~~it ~I
I t4
:~~~~~~\v!s~tt: Its
2514
19 April 2
2934 Oct. 2-l
Rich. & West P. •.rel'tn 23
1
80
55 Jan. 6
87 4 Dec. 12
Miscell~oeous- pref 55
7734 Jllne 1 2
983s Sept. 11
Manhattan Elevated 94
90
44 78
2912 Mar. 2 2
5:-P 4 Oct. 5
N. Y. & New England 37½
3612
2812April 2
40120ct. 1
Pacit1cMail ------·--· 3t>
34
38
~~~
lii'.t6~~t~n~;w;~~Eit: i~~
2
1~
87 12
Pipe Line Cc•rtiticates !W¾l 100 Mar. 6 71 34 June 27
t Sold fir st Augua t lO.
' .Per share o! $ 50,
Events of the Year.
J ANU A.RY. -The Phila. & RE ading and the Jersey Central Companies were both restored to their owners and their receiv·e rs
gg~_
ig Jf;.u i ~~
discharged . The Reading strike was continued through the
month. Negotiation s completed for the acquisition of the
Rutland_Railroad by the Del. & Hudrnn Canal Co. Louisville
& Nashville Railroad Company declared the policy of paying
lividends in scrip for three years to represent earnings applied
to betterments, and thus p aid 2 per cent scrip in F ebruary
•md 3 in Au~ust. Manhattan Elevated authorized a $ 15,000, !100 mortgage. Balt. & Ohio declined to issue n e w preferred
1
stock to the syndicate. Texas & Pacific reorg anization was
:.bout completed, the sale in foreclosure was not confirmed,
but the plan was carried on without it.
FEBRUARY.-Chesapeake & Ohio reorganization plan an
nounced by Drexel, Morgan & Co. New bond issues readily
:tbsorbed at good prices. Ind. Bloomington & West. annouoced the Cin. Sandusky & Cleveland allia nce abandoned.
t
1
·
d
1· & M ·tOb ·
-, p l M '
a issue a cucu ar as O new
am
mneapo is
!it. au
lioes and $5,000,000 new collateral trust bonds. Bismarck's
~peech quiets Europe. Quincy Mo. & Pacific reorganized as
Quincy Omaha & K. City. Chic. Bur. & Northern negotiates
7 per cent bonds. The Philadelphia & R eading strike ended
n the 19th with the success of the company.
MA.RCH.-The Chicago Burlington & Quincy locomotive
e ngineers' strike began. Florida Railway & Nav. Co. plan of
reorganization issued, also plan for Houston & Texas Central.
The great blizzard and snow storm occurred on the 12th,
b'ocking business for three days. Emperor William of Germ<tny died on the 8th. Lehigh Valley Railroad issued new
stock. Wells, Fargo & Co. "take over" the Erie Express.
Balt. & Ohio adju ts matters with syndicate. Den. Fort W . &
Gulf RR. completed. Mo. Kan. & Texas investigating committee appointed.
APRIL.-Atchison quarterly dividend reduced to 1½ per
cent. Rock Island and Denver & Rio Grande agreement
made for exchange of business. Mobile & Ohio issues
$ l0,500,000 mortgage to exchange for incomes. N. Y. City &
Northern delivered to new company the N. Y. & Northern.
Old ·c olony RR. stockholders approve lease of Boston & Provit'lence RR. Balt. & Ohio investigating committee appointed.
Treasury circular for purchase of bonds issued on the 17th and
first purchase m::i de on the 23d. Georgia Pacific stockholrlers
subscribe for new Joan of $2,520,0CO. Mr. John H. Inman
elected President of Riehm nd Terminal. Mr, Roswell Miller
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Federal Reserve Bank of St. Louis
wti~y~;:~~e~~rcii~ :::i:::ie~~r;l~~!~v~::~8c:tt!:t. st~l~
umbus & Hocking Valley R'l.ilroad arbitrators appointed in
suit for $~,000,00U against Burke and others. Duluth South
Shore & Atlantic Road sold to CanadLm Pacific. Chesapea'ke
& Ohio and Richmond & Alleghany roads to be consolidated
in the reorganization. On the 28th Judge Brewer decides
against enforcement of rates in Iowa, and grants temporary
injunction. Long Island RR. stockholders authorize $3,000,000
of 4 per ci-nt bonds.
AUGUST.-The M . K. & 'l'. interest in default. East Tennessee Va. & Ga. authorizes $6,000,000 2d mort. 5 per cent bonds
for improvements as needed. N ortbern Pacific iid mort. bonds
finally sold out by syndicate. Damage done by frost to spring
wheat in Northwest. Rep'J1·t of the M. K. & T. investigating
committee against Gould interest made. Judge F1:1irall of the
State court decides against Iowa RR. Commissioners' rates.
SEPTEMBER.-Default made on Int. & Gt. Northern second
mortgage bonds, but after foreclosure began this interest was
Crop reports good
paid by Missouri Pacific parties.
except on wheat. On the 13th the St. Paul directors passed
dividend on ,common and reduced preferred to 2½ per cent,
sem i-annual. Houston & Texas Central sold in foreclosure.
Col. Hocking; Valley & Toledo al'bitratorsdecide in favor of defendants, BurkP, et al. Rous. East & W. Tex. issues another
plan of reorganization. St. Louis Ark. & Tex. 2d mort. bonds
for $6,000,000 sold to Gould and Sage for about $2,000,000, and
the Gould interest given three out of the five trustees in control. Hutchinson corners Sept. wheat in Chicago and forces
price up to $2. Yellow fever in Florida affects Southern roads.
OcTOBER.-Cbes. & Ohio reorganization made without foreclosure. Geo. Eddy and II. C. Cross apoointed receivers of
Mo. Kan. & Tex. East Tenn. lease to R-ichmond & Danville
approved by directors. Report of Mr. Rand on M. K. & T. in
the Gould interest. Knoxville & Ohio leased to East Tennessee. Richmond Terminal buys the Georgia Company's stock
and thus gets control of the Central Geor~ia RR. & Banking
Co. system. Congress adjourned on the 20th after the longest
session ever held. The Atchison .Company authorized an issue
of $ 10,000,000 notes secured by second mortgage, taken mostly
by the large stockholders, the money to be called for BS
needed. The Boston & Maine Railroad reduces its dividend
and Eastern and Fitchburg pass their dividends.
NOVEMBER.-Denver South Park & Pac. defaults and bondholders' committee appointed. The Presidential election occurred on the 6th. A cut in rates was made by N. Y. Central
in retaliation, which affected the market considerably. Shipments of over $4,000,000 gold were made. The East Tenn.
lease to Richmond & Danville was enjoined by Chancellor
Gibson of Tennessee and property ordered restored. The
Broadway RR. case was decided by N. Y. Court of Appeals
and rights of bondholders and creditors sustained. The Int.
& Gti. Nort h. stock adjudged to belong to the Missouri Kansas
&Texas Co.
D.ECEMBER,-,-About $6,400,000 gold shipped. The Missouri
Pacific orders rates restored. Coal companies restrict productioo. Rock Island declined to 94½ on the 19th, lowest
price since 1877; quartHly dividend r educed to 1 per cent.
Chic. St. Paul Mion. & Omaha dividend on pref. reduced to 1
per cent. Panama Canal loan failed in France and company
bankrupt. Important meeting of Western railroad presid E>nts and bankers having London connections at house of
Mr. J. Pi rpont Morgan determine to restore rates on J1;1nu ary 1, 1889, and provide against cuts. The Cincinnati Washington & Baltimore Railroad (formerly Marietta & Cincinnati
Railroad) went into a receiver' bands just at the cl se of the
m th,
OLEARINGS .ANJJ SPEOULATION.
CLEARINGS AND SPECULATION IN 1888.
During 1888, vhile prices and profits have been by
no means satisfactory, the volume of business has been
steadily enlarging, giving evid~nce of the constant
growth of our industries and th:e expansion of mercar.
tile activity. Our tables of bank clearings for _the
twelve months reveal this feature, and afford new proof
of its significance and importance.
On their face, the figures would seem to be in conflict with the claim made, for whereas in 1887 the total
of the clearings of the country (we mean by this the
total for the cities having a clearing house) reached
51,051 million dollars, in 1888 the amount is only
49,097 millions, or nearly two thousand millions less.
But aggregates of bank exchanges, more than any other
class of statistics, need to be interpreted in the light of
the conditions and influences governing them. If, for
instance, we state that the whole of the 2,000 millions
decrease in 1888, and nearly 400 millions besides, occurs at New York, that outside of this centre there
is an increase (in which all the sections or geographical
divisions, and all the points within those sections except
a very few, have shared), and further, that the decline at
New York is entirely due to the falling off in the volume
of sales at the Stock Exchange, we give expression to a
state of facts altering altogether the meaning of the
bare totals. If we also add that there have existed a
number of ad verse circumstances and influences affecting special industries, or trade in general; we are in a
position to appreciate the true significance of the r·esults
disclosed. The contraction in railroad building, of
course, has been a striking feature. With only about
7_,000 miles of track laid, against 13,000 miles in the
previous year, numerous important industries have suffered. The depression in steel rails, and the great curtailment of the· output of rails, have followed directly
from that cause, and the depression and diminished
production of iron have followed in turn from the lessened demand for iron and steel to make rails. All this
and the coincident depression in railroad securities, with
the reduction and passing of dividends, has reacted
more or less on other departments of trade. Moreover,
the farming industry suffered from the short corn crop
of 1887, and also from the reduced yield of wheat in
1888, though this latter was offset by the higher prices
realized. Then the labor troubles checked trade in the
early months, while the blizzard and generally severe
winter weather also interfered with business to a considerable extent.
Notwithstanding these untoward occurrences, how· ' te
' '
'
out of 1eg1tima
arising
ever, th e vo1ume of c1earings
excess
in
even
and
to
up
fully
said,
have
we
trade, is, as
of that for 1887. Taking the thirty-five cities which
have clearing houses, only Baltimore, Cincinnati, New
St . J osep h an d Ga1vest on,.
. h't
H aven, St . P au1, W1c
1 a,
besides New York, report lower aggregates than a year
ago. The result is the more noteworthy because it follows a heavy and general increase in 1887-an increase
which was participated in by every point outside of New
York with the single excepti~n of Galveston. Moreover, none of the larger cities (barring New York, of
course, where we have seen reduced stock speculation
explains the fal]jng off) show any decrease at all now.
Boston stands next to tkis city in the amount of its
exchanges, and has, like this city, sustained a great
. diminution of business on its Stock Exchange; yet the
-.otal of its clearings is slightly greater than in 188'7,
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Federal Reserve Bank of St. Louis
when there had been an important increase over 1886,,
So, too, Philadelphia, which is third in size, has slightly
larger totals. At Chicago, the fourth place, the gain is
quite considerable, though doubtless the wheat speculation has had something to do with that.
Analysis reveals one other important feature. Not only
is the result as a whole (allowing for the smaller Stock
Exchange speculation) quite satisfactory, but the latter
part of the year, when taken by itself, is shown to have
done relatively very much better than any other part.
New York lost about 1,152 millions in the first quarter,
1,133 millions in the second quarter, and 335 millions in
the third quarter; but in the fourth quarter there was
an increase of 236 millions. This in itself might not
signify much, since the falling off in the Stock Exchange dealings (as compared with 1887) was much less
important in the last two quarters than in the first two
quarters. But outside of New York a lik~1 characteristic is observable. The exhibit as to the early quarters
varies more or less as between the different sections, but
whether we take the New England States, t\e Middle,
the Western, the Southern and Southwestern, or the
Pacific Coast (San Francisco), we find in each case a
larger aggregate for the fou~th quarter than for the
pi·eceding quarters, and also a larger aggregate than in
the corresponding quarter of other recent years-which
is certainly a striking exhibit. In the Middle St,1,tes,
the aggregate of 1,206 millions for the fourth quarter
of 1888 compares with 1,135 millions for the same
quarter in 1887 and 955 millions in 1885, and in the
other cases the growth is nQ less marked. Here are
full details, by quarters.
Clearings Reported.
(000s omitted.)
----,
New
First Second Third Fourth Total
Quarter. Quarter. Quarter. Quarter. Year.
$
r888.
1887.
.
_.
York ..............
11886
L1885.
,
7,120,700
8,272,388
8,526,113
6,098,312
------ -----$
$
$
$
7,655,700
8,789,062
'i,585,466
5,788,162
7,436,340
7,772,015
7,530,017
6,518,641
8,887,282
8,651 ,141
10,049,284
9,747,080
31,100,028
33,484,556
33,676,830
28,15:t,201
' 1888. 1,184,583 1,229,510 1,159,764 1,447,089 5,020,946
1,342,.1.88 1,129,355 1,295,434 ~967,821
1, 103,5ll 1,062,680 1,306.851 4,630,470
932,229
907,643
l1885 .
924,893 1,216,545 3,981,310
.
1,200,8'14
l Se _ '1,157,428
Total New England ... ~11887.
6
1,015,696 1,104,603 1,0i9,456 1,206,552 4,406,807
1,056,042 1,126,746 l,'146,079 1,rne.971 4,364,838
f,21, 422
972,202 1,113,319 3,988,258
931,315
955,819 8,812,580
794,6::il
792,62':'
769,4~3
lrn85.
(1888
'.l'otal Middle, .......... ~!:~:
r1888.
1,198,112 1,319,627 1,328,378 1,525,207 5,371,324
1,137,782 1,333,320 1,251,874 1,405,259 5,128,235
985,092 1.on,078 1,118,058 l,258,46i 4,347,695
888,262 1, i.01,622 3,677,552
898,186
789,482
li885.
1887.
.
Total Western ......... ~ 1886
r888.
1887.
_
1886
l1885.
.
1 1- _
8 8
1887 .
San Francisco ......... · 1886.
l18s5.
,
South. & Southw.
'Iot.
f
.
l
,
Total au................
.
601,235
568,512
475,970
426,162
,
192 529
166,675
137,848
139,072
514,764
555,354
460,111
397,160
,
198 553
208,497
143,156
1s1,578
510,943
509,124
449,607
865,264
212,161
2ss,820
170,116
140,474
705,246
643,083
572,098
504,137
,
233 490
220,rno
llH,102
148,221
2,362,188
2,276,073
1,957,786
1,692,728
886 ,1s6
829,182.
642,222
562,345
f1888. 11,s12,855 12,052,763 n,727,045 14,004.866 4U,oll7,529
1887. 12,402,193 13,355,167 11,942,267 13,351,078 51,050,705
1886 _ 12 ,163 •766 11 ,234 ,744 11 ,808.630 14 ,4s 6 .on 49,193,2(:n
l1885. 9,1so,154 8,942,912 9,632,185 rn,o7S,43o 41,378,111
r1888. 4,192,155 4,397,057
1887. 4,129,855 4,566,105
s.637,653 s,tJ69,278
188s. s.os1,842 s,154.180
outSide New York ... · ~l1886.
4,2~0.705
4, 170,25'2
s,772,663
s,ns,544
5,l17,5F4117.997,50L
4,699,937 17,566,149
4,436,837 15,516,431
s,926,344 rn.226,510
_
·
Arranging the figures by months in our usual form,
the result is the same. In the clearings for the whole
country (including New York-stock speculation and
all) we find larger or smaller losses in every single month
up to September, when for the first time there was a
gain, but only trifling. In October the improvement
amounted to over 10 per cent ; in November, with the
election occurring, there was a loss of 4 per cent, only
to b; followed again by an increase of 8·5 per cent in
December. Omitting New York, there are only three
months-March, April and June-with a decrease; not
till the last quarter, however, do we find specially heav1
8
OLEAlUNGS A.N.D SPE GUL A.'1'10 .N.
gains, reaching 16·2 per cent in October and 8·3 per this average depends of course very largely upon the
cent in December. Following is the table.
relative amount of high-priced and low-priced stocks
MONTHLY CLEARINGS,
included, in the present instance it probably refle0ts
correctly the changes between the two years, for though
OleairiWJS, Total All.
Cleartnas Outside New York.
Month.
certain stocks have suffered sharp breaks, on the other
P.Ot.
18S8.
1887.
1888.
1887.
P.Ot.
- -$- --- ----- hand the coal stocks, the P acific road properties, and
$
$
$
J anuary ... 4,008,752.429 4,870,844,856 -s·s 1,487,572,694 1,408,158,796 +5·6 some of the V anderbi s have had a considerable rise.
e bruary .. .8,512,299,807 8,695,588,{138 -4·1 1,328,770,870 1,222,805,162 -f-8·7
F
March ..... 8,761,808,996 4,885,761,647 - 13·21 1,575,812,"31 l,491J,393, 168 -s·2
1 st quarter
A pril . . .....
May .... . ...
J une • .. ....
11,312, 56,232 12,-102,195,436
8,987,885,551 4,518,0l 7,990
4,252,562,432 4,300,4M,877
8,812,814,361 4,541,692,828
-s·s
- 11·6
-1"1
-16"]
4,102,156,495
1,415,549.898
1.525.50{1,008
1,455,997,221
4,129,857,126
l,4tl0,146.530
1,509,687,990
1,576,2i0,403
+n>
-4·3
+1·1
-7·6
--8,695,962,049 -1·2
NU!IBE R AND VALUE OF SHARES SOLD AT NEW YORK STOCK EXCHANGE.
Year.
- --
Stocks,* Av 'ge
Values+
Shares. Price (ap'roxim'te)
- - - - - - - - --
Year.
Stocks,* IAv'ge
Values+
Shares.
Price (ap'roxim'te)
- - - - - ---
1888. ... 65,170,106 62·5 $3,539,511J,143 L881. • . . 114,511,248 71-59 $8,197,506,408
2d quarter. 12,052,762,844 13,855,166,695 -9·7
4.897,056,127 4,506,104,928 -3·7
1887.... 84,914,616 01·1
-9·3
-5"6
-0·4
+o·8
S,589,212,622
1,454,937.415 1,426,651,233 +1• 9
1,416,026,072 1,849,037,514 +5·0
1,427,788,878 1,392,564,724 +25
1886 . . .. 100,80\?,050 65·6
5,885,662,200 11879.... 72,765,762 56"85 4,186,688,570
1885.... 9Z,538,947 64·1
5,,179,859,840 1878.... 39,875,593 54·10 2,157,269,581
1884 . . . 96,154,971 61"77 5,939,500,000 11877 . .. ·1 49,832,960 52':!0 2,601,280,512
- ·:•.-1 4, <98,702,365 4,170,253,471 +s·1
1888.... 97,049,900 64.:51 6,260,809,961 11876.... 89,926,990 53·40 2,182,050,483
6 months
uly .......
A ugust ....
8 eptember.
28,365,618,576
3, 71:l9,207,J2R
8,828,702,928
4,107,131,660
25,757,862,131
4,023.907.051
3,842,935,251
4,075,426,352
8 d quarter. ll,785,042,016 ll,94i,2tl8,654
9 m onths a5.1ov,6d0,592
5,005,420,003
N'ovomb,c. 4,3"1,266,l?a
Jecember.
4,650,181,823
1
37,61}9,630,785
4,536,99~,652
4,528,011,321
4.286,070,477
-6·9
+10·3
-4·1
+8·5
----
- --- -
-
12,S!l7,914,IJ87 12,861:S,215,520
1,811,068,639 1,558,052,246
1,625,057,254\ l,'90,200,902
1,673,460,190 1,545,680,299
+0·2
+16·2
+i-8
+s H
<h quact•, 13,006,867.99' 18,'51,074,4501 +4"8 5,109,5'6,083 4,699,98',<<c
__:+":"
0 ctober . .. .
I.
T ot_. year 19 097 528,59 I 51 ,050,705,235 -3"1:! 17 9,17 501 070 17 550 148 6
4,508,778,899 1880.... 97,919,099 69"60 6,810,086,054
1882... 116,807,27l 66·12 7,6 0,453,488 1875.... 53,813,987 53•20 2,862,008,683
* The shares of stocks we take fr om the record n:ep·t b.y the Journal of
Oommerce, except for 1885, 1886, 1887 and 1888, which are our own
compilation.
t Tlie values of sales are the :tlglU'es made up b.v The Public, ex cept for
1888, 1887, 1886, 1885, 1884 aud a part.of 1883, which are our own.
As compared with the years of great activity, there
has been not only a very large falling off in the volume
of the transactions, but a heavy decline in price, so that
between the two the aggregate values exhibit a surprising contraction. Thus for 1888 these values are only
3,539 million~ dollars, while for 1881 they were 8,197
millions, being a decrease of 4,658 millions. Counting
2½ checks to each transaction, this 4,658 millions decline
in the value of the stock sales represents a shrinkage in
bank exchanges in the enormous sum of 11,645 million
dollars. With such an extmordinary change in this
item, the ne~essity of allowing for it, in order to get
EXCHANGE,
at the clearings arising from other kinds of business,
becomes very apparent. Accordingly we annex the fol1887.
lowing
statement, giving New York clearings both with
Values.
and without the stock sales, and also the total for the
P ar.
Actual.
-~- - whole country in the same way.
$
.,...
With reference to stock speculation on our Exchange,
that, as already said, has been a diminishing quantity.
Both in the number and the value of the shares sold, we
have a decrease (very large, too, in most instances) for
every month in the year with only two exceptions. The
one exception occurs in the third quarter, but hardly
merits observation. The other exception relates to
December, and the increase there is more important,
but follows mainly because in December of the previous
year the transactions had been exceptionally small.
Subjoined are the figures by months.
SALES OF STOCKS AT THE NEW YORK STOCK
1888.
Month.
Nwrnher
of Shares.
Jan ... . 8,926,117
Feb ... . 8,145,320
March 5,250,889
'
826,142,550
269,142,200
421,683,000
1st qr . 12,822,326 1,016,967,750
Aprll .. . 7,!114,877
May, .. . 6,213,122
June . . . 8,825,275
I
Valuu.
Par.
638,371,750
Actual.
'
210,126,645
178,369,233
266,6.09,102
8,147,127
7 ,214,112
7,147,305
712,998.400
637,698,950
646,985,850
414,449,880
872,354,481
379,602,567
655, L04,080 22,508,544 1,907,683,200 l, 166,496,878
·884,517,360
581,'74,1 814,450,133
833,964,150 199,104,953
2d qr. 17,653,274 1,50i,H0,750
Number
of Sh..-:res.
808,162,416
9,467,6W
6,560,087
6,988,882
804,209,750
603,803,800
617,742,450
472,416,416
871,187,058
393,074,204
128,016,598 2,025,846,000 1,236,677,678
6 mos .. .l9,975.600 2,521,078,50 1,558,267,426 45,52~,142 4,023,529,200 2,403,174,051
408,455,725 242,990,679 4,650,571 409,020,300 260,597,521
July... 4,678.521
Aug .• . 4,730,527 416,013.200 26i, 716,515 6,388,154 547,471,250 342,864,173
Sept .... 7,322,018 66.3,576.100 433,845,650 7,38i,26b 620,650,500 391,287,800
8d qr. 16,740,986 1,400,045,Cf::5 944,552,844 18,427,993 1,586,142,05\J 9fJ4,'i4fl,994
9 mos .. 46,716,M6 4,011,12<>,625 2,497,8~0.~70 68,953,185 5,600,671,250 3,397,923,045
Oct .. .. . 6,748,193 622,577,900 872,261,492 8,300,235 703,725,075 447,102,723
Nov . . . . 5,839,582 478,808,050 294,19~.928 7,490,266 64.0.690,850 31J9,505,l27
Dec ... .
1 · ·"'··' "[ 657,<00,7501 375.24',463[[
427,150,275 264.2<8.004
4th qr. · 18,462,5!0 l,654,02f.l,700 l,041,698,8-;"8 20,961,481 1,771,766,200 1,110,855,854
"·"'·''°
I.
NEW YORK CLEARINGS.
Year.
1888 ...... . .
1887........
1886........
1885 ...... .
1884.. . ....
1883... . .. . .
1882........
1881..... . .
$Sl,100,027,f.21
38,484,556,268
33,676,829,612
28,152,201,836
80,985,871,170
87,484,800,872
46,916,955,081
411,876,882,888
1sso.. ... ... ss,614,448,223
1879. ....... 29,285,678.829
. 1878....
19,858,671,807
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Federal Reserve Bank of St. Louis
-7 ·1 $8,848,79i,857 -21·5 $22,251,220 ,664
-0 ·6 11,271,947,247 -23'4 22,212,609,021
+19·6 14,714,155,500 +7·4 18,962,6i4,112
-9'1 13,699,64.9,6001 -7·7 14,452,551,736
-17·2 14,::!4.8,7o0,000 -5·1 16,137,l~l,170
-20·2 15,652,024,902 -18·6 21,782,275,970
-5·0 19,223 ,633,1'> 90 -6·2 27,693,821,441
+21·11 120,493,766,0071 +20·2 1 28,888,116,876
+s2·1 11,047,715,135 +M·0 21,566,738.•oss
+47·2 10,341,5153,925 +94·5 18,894,080,904
-6·7
5,818,178,952 -18·2 14,540,497,355
Total Clear- Per Ct.
Year.
Year ... 65,179,106 5,6'>5,150,225 8,539,519,143 81,914,616 7,381.437,4~0 4 508 778 899
For the year there is a decrease of nearly 20 million
in the number of shares sold, and of almost a thousand
million dollars in the money value of the share transactions. On the assumption that it takes on the average 2-½
checks to complete each transaction, this falling off
would represent a diminution in clearings in amount
not far from 2½ thousand million dollars.·
But while the falling off is very heavy as compared
with the year preceding, to get a full idea of the contraction that has taken place one must go some years
further ba<;k to the period when speculation was active.
We have already stated that against the total o{65
million shares in 1888 the sales in 1887 were about 85
million shares; but in 1886 they reached nearly 101
millions, and 1882 116 millions and in 1881 114½ millions. In fa.ct, not for ten years~that is, not since 1878
-has the aggregate been so small as for 1888, as the
following table will show. The average price per share
it will be seen is slightly higher than in 1887. While
Total
Clearings.
Per Ct.
Per Ct.
Clearings
Per Ct.
2½ Times
Inc. or Les1:12¾ Times Inc. or
Inc. or
Stock
Sales.
Dec.
Stock
ales.
Dec.
Dec.
1888........
1887........
1886.. . .. .. .
1885....... .
1884... ••. ..
1883...... . .
1882........
1881.. .. ..
1880.. . . . . ..
+0·2
+ 17·1
+81·2
-10·4
-25·9
-21·8
-4-2
+34·4
+14·1
+29·9
-U-2
CLE.ARINGS IN 'THE WHOLE COUNTRY.
ings Outside Inc. or Less2¼Time~ Per Ct.I
Per Ct
New York.
Dec.
New York Inc. or
Including
Inc. or
Stock Sale~.
Dec.
Stock Sales.
Dec.
$l7.9fJ7,501,01~
17,566,148,96i
15,516,481,439
18,287,894,252
18,020,778,203
14,209,184,801
18,794,577,518
1s,eoo,S17,817
ll,S75,400,000
1879.. ... ... v,290,soo,ooo
1878.. .. .... '1.956,100.000
+2·5 $i0,248,7S0,734 +1·2 $411,097,528,501
+1s·2 39,778,757,98& +15·4 51,050,105.285
+10·8 34,479,105,551 +24·3 49,19s,21n,051
+2·1 27,740,445,088 -4-9 41,440,005,588
-8'4 20,157,894,873 -19·0 44,006,044,873
+s·o 85,991,470,771 -18·2 51,648,495,678
- 1·2 41,487.898,959 -3'2 60,711,582,549
+22-7 42,843,43-1,103 +so·1 63,887,200,200
+22·4 82,942,138,088 +10·0 49,989,848,228
+rn·s 28,184.889,904 +25·8 SS,526,478,s20
--f1•2 22,495,597.355 -4·1 .27,818.771,307
-s·8
+3·8
+18·7
-5·8
- 14"8
-14·8
-4•1
+26·7
+ 29•7
+ss·5
-6·6
With the stock sales eliminat~d, the New York olearings for 1888 are thus slightly larger than for 1887, and
decidedly above those for 1886 and 1885, the improvement as compared with the year last mentioned being
over 50 per cent; the tQtal is, however, very much below
that of either 1882 or 1881, when speculation was rampant and prices in all departments high. Outside of
New York.i the clearings are the largest ever made.
Speculation on the Produce Exchange in grain does
not of course affect clearings much, since a method of
settling for the dealings is in practice there. But the
:figures reflecting the volume of business are neverthe ..
CLEARINGS AND SPEOULATION-LISTINGS ON STOCK EXOH.ANG.E.
less interesting. It appears that, excepting corn, all the
cereals and also flour show smaller totals than last year.
But last year the aggregate of the sales had been very
large-the largest of any of the last seven years except
1883. Besides this, the wheat crop was short, with the
receipts small and the export demand also small. On
one or two occasions there was a spurt of activity, as
when the Hutchinson corner was in progress in Chicago,
but in general the movement has been more prominent
at the latter point th~n at New York. The following
are the sales by quarters.
S.A.LEfl 0F FLO-:JR, WHEAT, &C., AT NEW YORK PRODUCE EXCHANGE,
[Two ciphers {00) omitted from the figures for Wheat, Corn,
Oats, Barley and Rye.]
Flour.
Bbls.
1st quarter, '88 792,575
'87 771,495
'86 651,792
'85 870,915
2d quarter, '88 801,875
'87 787,455
'86 76g,390
'85 828,880
"
Sd quarter, '88 1,016,440
'87 886,698
'86 972,282
'85 882,814
4th quarter,'88 625,507
'87 981,165
'86 1,016,910
'85 791,005
"
..
..
.....
...
Total
T otal
Total
Total
Total
Total
Total
Total
1888 . ... .
1~7 .....
1886 .•.••
1885 .....
1884 .....
1888 ••.•.
1882 .....
1881 . ... .
8,235,897
8,426,818
3,410,874
8,878,564
8,560,093
4,646,985
5,166,465
5 198,300
Wheat.
Corn.
Bush.
Bush.
229,149,0 68,089,0
889,194,l 50,177,0
254,788,2 70,266,3
829,048,0 86,139,0
885,468,0 76,752,0
524,584,7 46,758,5
400,670,5 55,112,6
842,580,0 93,188,0
546,487,1 116,881,5
808,466,0 64,785,0
887,815,7 61,159,8
850,158,0 69,871,0
388/62,2 70,208,8
521,211,6 94,885,8
507,189,9 62,871,8
882,220,5 85,820,0
Oats.
Barl'y Rye.
&Malt
Bush. Bush.
Bush.
21,143.0 834,4
19,502,0 1,808,8
11,426,1 568,6
82,520,5 1,194,2
21,129,0 103,0
19,911,0 492,6
15,622,0 254,4
80,S0S,0 205,7
26,0
22,394,0
22,726,0 523,2
23,564,0 214,7
84,607,0
11,0
20,868,0 770,0
80,347,0 1,720,1
22,268,0 851,5
27,
'20,l26S,O
2,1
109,0
48,6
258,4
....
194,1
159,8
67,0
8,0
2,2
?7,0
M,7
6,2
10,6
29,6
70,5
Total.
Bush.
322,784,051
463,762,657
840,029,914
458,069,217
487,05:3,187
595,434,448
475,482,110
470,524,435
689,870,582
895,472,641
47.,205,969
453,174,848
483,824,942
652,589,893
597,780,895
500,658,523
16,3 1,983,032,762
1,549,761.8 331,431,8 85,529,0 1,733,4
1,788,406,4 2u6,585,8 92,486,0 4,044,7 315,9 2,107,259,539
1,550,1114,8 249,409,5 72,880,1 1,889,2 314,5 1,890,454,888
1,408,951,5 884,518,0 125,650,5 2,674,9 4",T882,421,518
1,168,342,5 355,312,1123,519,9 2,780,8 2,623,1 1,668,548,819
1,524,745,0 623,668,0 241,202,8 2,567,6!4,682,1 2,417,72ey,983
.... 1,269,228,748
646,470,5 445,172,2 152,687,0 1,700,0
4.'18,364,2 233,839.0 62.765 5 2 067 4 1 619 1 812 048 000
THE NEW YORK S1,OCK
O
EXCHANGE IN 1888.
The additions to the listed securities of the New York
Stock Exchange during the year just completed reach
quite a remarkable total. New issues of bonds (by
which we mean such as involve new capitalizations)
amounting . to no less than '261,989,000 have been
admitted to dealings, comparing with $180,386,000 in
1887 and $103,844,000 in 1885, while the new stocks
placed on the list amount to $62,408, 000, contrasting
to be sure with a larger sum, . $98,726,000, in 1887, but
wfth much smaller amounts in the two earlier years$54, 006, 000 in 1886 and $17,783,000 in 1885.
LISTI GS
LISTINGS ON NEW YORK STOCK EXCHANGE,
Bonds.
New issues.
Rtplacing
Old issues
newly listed. old securities.
Totat.
1 888 ...... · •• .• ·· $261,989,631 $11,792,000 $237,220,587 $511,002,218
1887....... . ... 180,386,000
16,304,000 146,787,321 343,477,321
1886...... .. . . .
81,641,000
47,354,390 109,1021300 238,097,690
1885. ...... ....
103,844,000
27,700,000
65,715,000 197,259,000
Stockl!l.
1888. ...... .... $62,408,357 $10,372,475 $175,447,443 $248,228,275
1887 ........ -- .
98,726,791
32,643,426 138,683,333 270,053,550
1886. ... . .. ....
54,006,350
67,236,800 208,226,200 329,469,350
1885 .. ~····· ···
17,783,116
:l,700,00()
35,430,000
56,913,116
Applications for the listing of Trust Company receipts, and or securities marked ''assented" {if preparatory to reorganization), or of seem·•
1ties stamped "assumed" or "assessment paid," the securities them.selves having previously been listed, are not included in this table.
A feature of the bond listings under the head of
" New Issues" in 1888 that attracts attention, is the
very large proportion which were either direct or
guaranteed issues of the older companies. When
we consider the character of the railroad construe. tion during late years-that it has been the extension of old systems, not the work of new independent
o rganizations--=-this will be seen to be a natural outcome
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Federal Reserve Bank of St. Louis
0
of the surroundings. For instance, the .Atchison this
year has listed $33,002,000 bonds, of which $15,000,000
were collateral trust bonds of 1887 (nearly two-thirds
being issued against bonds · of the California Central and Denver & Santa Fe new lines), $15,350,000
were Chicago Santa Fe & California bonds, issued on
the line recently opened from Kansas City to Chicago,
and the remaining $2,652,000 were sinking fund secured
sixes of 1881. The Northern Pacific listed in all
$17,194,000 bonds, $12,000,000 being third mortgage
sixes, $65,000 first general mortgage bonds, and the
balance branch line guaranteed bonds, such as Northern
Pacific & Montana, etc. The Missouri Pacific secured
in May a quotation for $14,376,000 collateral trust fives,
which were issued for the extension from Salina, Kansas, to Pueblo, Col., 426 miles, and for branches in
Kansas, 695 miles. The St. Paul Minneapolis &
Manitoba listed $12,968,000 bonds, which includes
$8,000,000 collateral trust bonds of 1888, $2,500,000
Montana Central bonds, $2,000,000 4½ per cent .consols
and $468,000 Montana Extension bonds. The Rock ·
Island liited first mortgage and extension bonds
to the amount of $12,500,000, secured by deposit of
Chicaio Kansas & Nebraska bonds. The Illinois Central also listed $10,500,000 fours of 1952, secured by
bonds of several lines in Mississippi, Illinois, Iowa and
Wisconsin.
Another of the above totals for the yea:r needing explanation is the aggregate of the issues "Replacing Old
Securities." ~his at first sight may seem. incredibly
large, including $237,220,000 bonds and $175,447,000
stocks. A total in one year of over 412 million dollars
of such issues doubtless looks like a very liberal supply;
and yet when one recalls the character of the securities,
that they were merely exchanges for old issues which in
one form and another were already on the market, all
surprise ceases. Thus Reading listed $88,613,718 bonds
and $39,224,500 stock; Texas & Pacific, $44,276,000
bonds and $38,706,700 stock; Mexican National,
$35,030,000 bonds and $33,350,000stock; Western New
York & Pennsylvania, $28,200,000 bonds and $20,000,000 stock; Oregon & California, $14,254,000 bonds;
Ohio Indiana & Western, $9,000,000 bonds and
$13,335,000 stock; etc.
Surprise may be felt by some readers because, with
the number of miles of railroad constructed in 1888
estimated at not much more than half of what it was
in 1887, the new issues •of bonds listed in 1888 exceed
those for the earlier year by over 45 per cent. Even if
we allow for the issues of gas company bonds included
in the figures of 1888, the excess this year is still very
large. That, however, is only natural, the bonding of a road, as well as the listing of its securities,
more frequently following, and often at a considerable
interval, the road's completion. So while in 1887 the
tidal wave of construction reached its height, we should.
not expect its full effect on the listing of securities to
be felt before 1888. For like reason the great decrease of building in the year just ended may lead us
to expect fewer issues and smaller listings of bonds in
the year before us. Indeed ev-en in 1888 the result of
the decrease is shown, for the listing of new bonds in
the last six months was only $109,830,000, as compared
with $152,159,000 in the first half of the year.
But there is another fact to be mentioned, which will
tend in a measure to keep the annual listings large, and
that is the growing importance of the Exchange. The
advantage of having securities quoted on it is increas..
ing, and more companies are se king its recognition. In
i
10
LISTINGS
Olv S1.'0CK EXOHANGE-FATLV'RES.
18 8 the number* of successful applicants was 109 ; in
1887 it was 93 ; in 1886 it was 72, and in 1885 it was
48. Hence the enlargement of the Stock Exchange
list is not to be attributed to carelessness on the part of
' the Governing Committee, or to an inordinate desire to
promote the business of the Exchange. Perhaps the
strongest influence leading to it, is the closer connection
established between our market and European markets,
on account of the increased dealings by Europe in American securities, not only for investment but for speculation. The growth in that demand, and of these closer
relations, is a marked development of the last two years.
We notice some criticisms made that seem to be based
on a misapprehension of the functions and labors of our
Stock Exchange Committee. Many suppose apparently
that all the applications are accepted. This is far
from the truth. In 1888 we learn from official sources
there were refused or tabled 26 applications to list
bonds, aggregating no less than $51,958,000, and 7 applications to list stock which aggregated $10,818,000;
and such action, be it remembered, can only be
taken after a laborious investigation of the merits
of each case. And looking at the names of those
whose applications were granted one will find very
few if any which might not be considered rightly
favored.
It is to be remembered, however, that
the value of these securities is a matter which it is
unreasonable to expect the Committee to measure or
ascertain. In fact, just as many persons place an overestimate on the character of the examinations made
by the National Bank Examiner, so others seem
to regard listing of securities on the Exchange as a
kind of guarantee, relieving one from the necessity of a
certain• amount of personal investigation concerning
them. That this is absurd becomes obvious when one
considers what is needed to learn the real value of any
stQck or bond. The Committee ought to, and no doubt
does, exercise its best discretion in endeavoring to admit
to dealings only the stock of bona fide concerns and
properly secured bonds. Further, they require to be
filed with them copies of all mortgages, affidavits
concerning them _from proper authorities, and certain
information about the property involved. These are, of
sourse, always open to be consulted by the members of
the Exchange. Nothing more can fairly be expected,
while the average liabilities remains small, means that
traders with small capital have succumbed-the class
which is most sensitive to adverse influences, and hence
the better business barometer; large capital can tide
over difficulties, put out obligations, accumulate debt
and fail at odd intervals. For these reasons moderate
changes in the reported liabilities· may often occur without affording any correct ind1cati<:m of the general condition of trade, but a great many little men drop out
only when there is a prevailing disorder, the conditions
not favoring their survival. Keeping this thought in
mind one can better interpret the fluctuations in the
column of liabilities. We add also the yearly average
of each insolvent, for comparison later on.
Liabilities.
Total.
______
$ ___ $
123,829,973 11,595
1888 .... . .. .
1 88 7 . .... . ..
1886 ........
1885 ...... . .
1884 . .......
1883 ... .. ..
167,560,944
114,644,119
124, 220 ,321
226,34tl,427
17'l,8i4,172
17,39:?
11,65 1
11,678
20,632
18,823
Total .
Average
10:,5:7,564
15$,070
1881._ .. . ,_. 81,155,932
1880........ 65,752,000
1879........ 98,149,053
1878 .. .. .... 234,383,132
1877 . . . . .... 190,669,936
14,530
13,886
14,741
22,369
21,491
1s~-:...--.---·'
o
The most prominent fact the foregoing discloses is,
that for the three years following January, 1879, the
country enjoyed a very favorable epoch-favorable to
men of large capital and of small capital alike, for the
liabilities were very moderate, indeed, being in marked
contrast with all the other years in our statement, the
total av'eraging for the three years just about 81½ million
dollars. In fact, the total for those years would have
been even smaller had it not been for the failures early
in 1879; these were really a part of the disasters of
1878 which by chance fell in the first week of the succeeding year, almost half the liabilities for 1879 being
included in the report for the first (January to March)
quarter. Those years covered a prosperous, healthy
period, when· every one was industrious and happy,
because the labor of his hands prospered.
The only other feature worth noting in the total liability column is the large aggregates that have been reported ever since, increasing gradually from 1880 to
1884, culminating with the panic of that year, and then
partially reacting, but from that point developing again
without interruption up to December, 1887, the figures
for 1888 being somewhat smaller, though still large.
Contrast any portion of the later period referred to with
the three years following the return to specie payments
and the comparison will be found to be unfavorable.
Thus one would gather even from this statement that
though business has been active there has been all along
some disturbing agency clipping the wings as it were
of our prosperity and preventing its being complete as at
the former period.
But turning now to the figures expressing the "number" of failures, one finds in them, as we think, a more
exact indication of the past and present situation. Yet
they furnish little more than a confirmation of the conclusions already suggested.
FAILURES AND WHAT THEY TEACH.
The record of failures has of late years disclosed a
feature not seemingly in full accord with previous cycles
of industrial activity. Fluctuatio-ns in the number of
disasters and in the amount of liabilities are expected to
correspond in good degree with the fluctuations in the
rise and fall in the volume of business. This does not
seem to have been the case in more recent years, at least
in the same measure as previously. Note the last three
years, for instance, and it will be found that although
on the whole they have been fairly prosperous years, the
failures have kept up to large figures. In fact, if we
Year.
were judging alone from these statements, we should
----··
say that the record since 1877 disclosed no period of 1888 ._ ........ ... . ..... .. .. .
prosperity except during the four years following the 1 887 ... . ........... . .......
1 886 ....... . .... . ..... . .... .
resumption of specie payments in January 1879.
1885 ........ . .. . ...........
Let us look first at the liabilities, though we think 1 884 ........ . ...............
. . ...... . ....... . ... . ...
moderate fluctuations in these are far less of a guide 11883
882 ........... . ........... .
than :fluctuations in the "number" of failures. This 188 1 ................... . . .. .
1880 ... . .................. . .
appears to be true because an increase in the number, 1879
.................... . ...
*Wedo not here distinguish small leased and controlled properties 1878 . ... ............ . ... . ...
1877 ....... ... . .. ... . .... .. .
from those of the lessee or real owner,
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Federal Reserve Bank of St. Louis
Average Liabilities. \
Number
of
Failures.
I
Number
in
Business.
10:679-1 1,046,662
994,28 1
1:1,634
l:}69,841
9,834
919,990
10,637
904,759
10,\:168
9,184
863,993
822,256
6,738
7 8 1 ,689
5,5 82
746, 823
4,735
702,157
6,658
6 i4,741
10,478
8,872
652,0 06
Pr·oportion
Failures to No
·i n B us·iness.
l in 98
1 in 103
liu 9 8
1 in 86
lin S J
lin 94
1 in 122
1 in 140
1 in 158
1 in 105
1 in 64
1 in 73
~
FAILURES.
The first column seems to tell us pretty forcibly that,
with the exception of the period from 1879 to 1882
both years inclusive, the casualties have been uniformly
heavy. They have for the six years from 1883 to 1888
averaged in number 10,156, against an average of 9,675
for the two bad years preceding 1879. Still, that is
not quite a fair comparison, since the country has been
developing and the number in business has all the time
been increasing. On that account we have given the
other data, the final column showing the proportionate
results. Here, however, the teaching is no different,
except in degree. Omitting 1879 (since the first quarter of that year, as already shown, included very many
11
disasters which really belonged to the previous year),
we have for the three following years from 1880 to 1882,
an average of only 1 failure to every 140 individuals in
business ; whereas, since then, that is, for the six years
from 1883 to 1888, the average has been 1 out of every
93 individuals in bus_iness. Or if we compare the latter
period year by year with the earlier period referred to,
the contrast is equally marked. In a word, however
we may look at the figures given, there is no doubt as
to the fact they disclose, which is that the casualties are
so continuous and large as to show an abiding influence
operating in industrial circles not in accord with full
prosperity or a perfectly healthy state of trade.
FAILURES FOR 1888 , 1887, 1886, 1885, 1 884 AND 1 883-PREPA.RED BY MESSRS. R. G. DUN & CO.
188 7 .
1 88S.
Number
in Busi- States and Te1·- No.
No.
nessin
A.moitnt
of
ritories.
FailFail- A.mount oj
itres. Liabilities. itres. L iabilities.
1888 .
--14,3 25
8, ·~ 97
ti,6 29
4.9,189
7,738
16,970
--108,548
90,~00
5 4 ,H~l
::10,8 7 5
8 '\,3W
'.i4,359
4 ,348
1 7 ,694
4,276
--31 2,373
Eastern.
Marne·--- ____
N. H a mpshh·e_
Ver mont . __. __
{ Mas achu't's
Boston __ __
Rl10de rsl and_
Connecticut _.
160
56
34
397
275
132
137
157,837
.Middle.
N ew York ____
N .Y. &B'kn.
New J ersey __
Penrn,ylvania .
Philadelphia
Delaw are ___ ..
M:-1ryland ____
Dist. of Col. . _.
---
-168
69
151
66
21:J
69
161
13 2
202
5ti8
1 56
2 5
2 06
Tot. South'-') 2,44.6
Wes tern.
4 57
81
259
318
360
232
21 l
2 84.
:no
16H
52
24.4
2 48
cf:
1,927,770
4'12,9 74
1,408 ,921
424 ,867
2,706,4 04
4.07 ,17 7
1,692,622
1,088 ,61 5
2.471,7'18
4,110,355
1,245 ,546
1,939,077
1, 555 .921
5:'i3
516
1 20
604.
24.0
26
152
44
8,273 ,224
40,84 1,506
1,722,97 1
7,056,083
8,252,109
495,219
3,()50,4.61
288 ,8 ti5
Ter1"1,l's.
2
1 39
46 ·t
185
149
!:)
21
4
l9
23
10;')
21
65
7
-------
/a~i\.Amount of
ures. Itiabitities.
1 67
48
45
341
285
92
132
- --
---
3,225 ,279
4<,;9,712
543,494
2,109, 02
0,319,04.0
7 25,547
1 ,90 6,684
205
79
44
360
271
1 26
176
5,694,08E4 677
621
528 l o,571,6 67 506
622,218 1 22
111
5,523,064 748
617
20,J
2,869,017 204
23
25
176,500
3,631,971 177
129
280,4.63
41
35
-- - - -2,271 35,368 ,988 2 ,4.98
$
1 ,050,1 8 1
563,392
256,558
3,223,707
4,373,518
1,248,591
1 ,714,486
231
96
48
::l90
305
136
169
-- --
$
875 ,267
572,072
683,707
4,010,791
6,332,32 9
3,285,269
1,464,3 96
- - - - - ·- $
223
2,253,110
13,151
75
7,813
418,799'
45
5,724,263'
6,703
391
4,560,8 33 } 42,447
2% 20,908,8 58
109
3 ,251,792'.
5,925
14.,292
119
744,24.Z\
_____ - - -
2,2::11
-
48!)
91
235
371
27 5
202
1 88
373
202
1 6~
3,091
6\)
1,75 0 ,73 7
548,7 fl 3
969,961
1,0:'i 3,774
1,8 7 2,763
603,30 2
l,'378,71 6
1,1 27,1 02
2,780,31 :-l
5,31 3,727
1,178,651
2,444,040
l, 679,6a9
4,27!1,101
2 ,562,457
2,739,08\J
3,923,672
4-,263,li84
2,269,007
1 ,94.0,167
1,922,313
2,205,74.0
904,8!:17
847,035
1 ,0 50,736
844,723
- - - - - ----- ------
270
96
1 69
119
212
49
39
1 57
215
368
94
276
282
588
91
203
372
312
238
1 69
370
190
182
71
2 95
1 41
- - - ---5,570,728
'.<l,095, •i ~O
2,435,528
3,510,241
2,34.8,6 12
2, 0 18,315
1,259,00ti
2,354,757
1,539,093
!)28,006
1 ,790,100
1,377,177
819,854
585 10,794,708
54.5 2 8,Z 10,2t!'>
121
2,182,425
531 10,06~,071
174
3 ,509,349
15
206,757
127
1,8 64.,502
278 ,497
38
90,331
83,0 57
41,297
23 ,949
70,906
21,503
3,685
14,493
3,131
-- ---- ---
2,59 2 112,85(>,060 2,136 57,108,534 262,021
2,349 28,201,508 2 ,346 28, 81 4.,0 08
35,554 ,219 2,948 33,969,50 9
21.5 0 0 - -- - - .
1,086,0 00 1 29
3,3 1 5,100 272
4,660,700 1 83
1,264,647
79
54,4.00
14
09,133
39
14,25 0
17
1,571,100
11
266.71:3
16
l,24.0,4·Z7 1 14.
146,333
39
410,000
54
41,000
6
15,865,84 0
706 10,949,894.
718 77,8 75 ,721
119
1,310,339
653 12,310,133
225
6,892,032
27
553,900
112
2,028,189
32
896,852
193
66
1 70
102
23 8
44
68
155
l t<4
49 :i
121
219
23 8
297
13 .'.>
398
118
212
30d
3·:W
1 89
152
302
2<-i9
140
55
280
196
7,999,34 1
19,~74 ,99 6
94!-l,649
9,864,137
2,991 ,969
l\.15,250
3,777,804
2 12,694
7,646,02 3
751,327
1,044,113
1,428,578
2,566,235
366,103
1,017,1 '.{5
998,150
5 ,035, 4 1 1
3,394,460
8 18 ,H25
1 ,94.1,589
l, "'06,619
223
77
113
111
215
78
118
173
205
507
100
275
154
552
112
304
374
329
303
1 70
412
220
J91
85
97
220
----
1,448,815
407,053'
1,357,8 06
1,151,666
2,180 ,8 39'
297,677
650,710,
2 ,65 8,722
3,335,678
3 ,057, 8 65
596,723
1,667,727
!174.,326
13,149
7,545
9,805
6,120
11,537
2.865
8,159
8 ,2111
9,541
18,857
6, 853
19,869
13,143
28,318,557 1,844 19,785,607
135,159
2,415,254.
t105, .'160
1,24 1,62 1
8 77,065
3,4.1 2 .571
670,534
1,453,311
:3,001,254
5,408,916
4,365,375
1,14H,l64.
2,0R3,265
1,654.,86 1
9,710,039
2,985,8:;2
5,775,113
h,714.,95 1
6,94.ti,986
3 ,78ti,041
4 ,~ 52,470
2,435, 653
4,511',1 0 1
997,04 1
5,849,4.J6
50tl ,';54
1,400,396
134.
55
154
93
213
34
55
151
177
3 '? 0
84.
154.
220
---- ---
536 10,485 ,273 } 61,921
79
1,765,575
270
3,42 6,182
33,953
328
3,188,733 } 60,064
277 13,203,279
32,4 66
275
4,347,095
25,803
1 73
2, 67,432
420
29,119
2,249,651
15,312
116
1,129, 82
155
8 5 ,669 } 39,23!.
71
2,252,262
15,677
161
726,670
100
9,331
350,700
29,842,615 3,302 28,047,097 3,369 54,872,983 2,961
----- - - 46,878,403 322,S77
--------··
··
-- -·- -- -----955,106
-- ----647,200 ""iii -··;.;i7:9oo 1 62 -··;.;as:ioo .. 220 -i",457:506 ----93
1 ,660,700
15,282,(;06
4 7 l:J,3(i>,
45,800
213,557
2 58,199
1,367,4.00
165 ,700
l,l!'ll,850
534,8:23
233,500
33,000
34.3
211
82
12
9
12
11
7
100
19
({3
17
973 2 '.l,068,617
1,013
2,631,700
2,4.54,400
765,182
328,500
308,!:110
361,100
39,700
112,736
401,890
2:l 0,765
588,200
108 ,700
353
220
139
23
36
25
2
8
117
30
1 4.3
25
7,971,450 1,230 1:1,062,883
1,341
II4,644,II9 I0,637
Io,r/J8
1,54.4,000
2,75 6,400
698, 520
1 34., 0 0
20,3 •>7
3 7 3,400
4 4,100
9,800
7 65,l:-.173
231, 800
420,fi50
253,800
-·----- - ...... . .. ---·---- ---- . ........ ------- -- -- ----- - - -
I23,829,973 9,634 I67,560,944
9,834
75,339 Dom. of C'an .. 1,677 14,081,169 1,252 10, . 86,884
l,'ZM
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
1 88 5.
1884.
1 883.
Number l
inBiu,'iN o.
Nn.
No.
A.moitnt
of
of
of
A.moitnt
A.mount
ness in
FailFail.Fail1883.
iwes. Liabilities. iwes. L iabilities. iwes. LiabilUies.
$
4,405.896
4,419,254
l,i:l38 ,4.94
2,45 9,74 4.
f>,997 , 178
1 ,875,915
2,38 0,950
1,976 ,822
3,222,8 00
901,222
2,140,700
l ,70i,286
6 44.,94.8
4 ,191,599
1,605 ,207
2,134,627
2,216,438
6,71 2,UOO
4,,; ov,95 o
2,272,182
2,510,107
4, 81 1,722
1,14.5 ,84.2
89::l,626
1,225,393
9 68 ,620
To t.Pac.&T. 1,211 14,191 ,303
Grand total s I0,679
13 ~ 1.046,606
3 85,63 1
57
14 5 1,09 R,932
7 8 l,073, l:l27
195 1,713,462
!564,469
107
!-l9 1,637,477
1,1
33,1 34
140
193 2,36 ' ,374
503 7,0!-l8 ,2-U
837,HOO
90
~81 3,274, 244.
1 98 1,480, 6 04.
21,4.22,120 2,224. 23,707,961
- - - --- -
T ot. W estern 3 ,228
Pa,c.
ra:iu~-1;nia: --
I,046,662
--
1,811,778
203,650
236,088
4 ,106,14.0
4,84.8,617
3,1 2 7 ,662
~~0.-!84.
(
13,032,253 1,144 17,834,4 19 1,110 1 8 ,259,558 1,2 61 12,430,433 1,375 17,223,8 31 1,197 37,861,897
7 ,9 44,679
599
690 17,060,170
15 1
l .41'35,847
6, 849,7:-l8
691
2 13
3,65 0,030
26
324-,200
174
1,975,598
330,8 19
59
Southern.
634 I ndian Ter ____
6,273
2 8,1 4.1
S. Fra-n cisco
!l,060 <·olorn.do _. ___ .
1.3-17 Nevada ____ ___
2;87:.l Utah ___ ,. _____
1,64(, New M exico ..
974 Wy orniug ___ ..
2,35 7 I daho _________
11,50ti Dakota ___ __ ___
2,71 2 Montana_ ....
4,57 ·1 Washington. __
8 90 Arizona ___ _ ..
125 Alaska . _______
--73,109
---
162
48
4?'1
3 75
275
122
117
$
T otal Middle 2,603 39,6 30,076 2,345 6 9,980,4.33
{ Ohlo . __ . __ _.
71 ,516
Uincinnat,i
3 ~,3 89. Indiana. ______
1 Illinoi s . _. __
71,06~ ~ Chicago __
37,78 4 l\1il'bigan ---·30.ali7 Wis consin ___ .
30,1'!) (-; rown. . ______ ___
2 6 ,281 Miu ues oln, . _..
{ l\ii,.;som·i . ___
4.7, h09
St. Louis __
25,283 K a n sn,s __ .. . .. .
Nel.>raska
. _. _.
1!:1,848
399,795
1,45 7,7l:J7
458,84"'
197,950
4,38 1,262
4,04.4..412
1,226,886
1, 265,163
- - - - --
T o t. Eastern 1,191
H l,084 Virginia . ____ _.
9,:.: 91
10,;-360 r i.st:J~t ~!~:
7,l fl3 So . Carolina __
13,117 Georgia ______ .
5 ,46:'i l!'lori.ia - ---·--·
10,172 Alal.>ama .
~ ,5 2 MissisRippi:: ::
1 :90!-! L ouisia na ____
20,74-7 Texas. ___ _____
8 ,880 Arkansa
22,354 K en t ucky ::::.
13 ,553 Tennes ·ee __ ..
---
$
1886.
---
4.4.7
225
62
25
22
20
6
20
88
:L2
113
18
........
2,411,400
3,755,F>OO
2,259,385
196,8 00
2 01,921
189,808
72,500
74.,000
729,(;42
353,640
841,:!00
528,700
281
1 48
1 82
35
51
31
5
18
90
26
50
36
... ......... ... .. . .... .... . ... ..... ......... --·---·
---I 24,220,32I
289
4,4.45
1,599,600 } 21,105
2, 832,300
7,157
1,986,664
1,411
310,200
2,424
305,220
1, 543
544,3 24
629
13,300
1:182
173,300
1,075 ,780
8,256
315,000
2,111
546,8 37
2,277
582,100
946
30
....... ·- -- . - .......
----- - - - - - - - - - - 13,071,996 1,046 11,239,731
53,605
-----226~u3,427 9,I84
I72,874,z72
8, 8 61,609 1,327 19,191,306 1,384 1 5,94.9,3611 ,382 16,311,745
863,993
65,45
BANKING
FI N A N C I AL. ·
AND
STATISTICS-HOME AND FQR:El
NATIONAL BANKS, CURRENCY, COINAGE, &c.
I
To continue taxation with no other use for its proceeds than
such an investment is a cruel waste of the people's money.
From the report of Mr. Charles S. Fairchild, U. S.
PURCHASE oF BONDS.
Secretary of the Treasury, the following extracts are
Since the last annual report and after the completion of the
made:
sinking fund requirements for the year ended June 30, 1888,
SINKING FUND.
The requirAments of the act of Feb. 25, 1862 (Revised Statutes, 3,688, 3,689), establishing a sinking fund for the gradual
extinguishment of the public debt, estimated for the current
fl.seal year at $47,583,000, have been thus far met by the redemption of Treasury notes, fractional currency and bonds of
the United ·States which had ceased to bear interest, amounting
to $77,797 35, and by the purchase of $26,839,650 of the funded
loan of 1907 and $12,143,150 of the funded loan of 1891, at a
cost to the fund for premium cf $7,672,222 29 on the ·former
and $844,206 73 on the latter loan.
SURPLUS REVENUE,
In the Ja.st annual report it was estimated that the revenues
for the year to eµd June 30, 1888, would exceed the ordinary expenditures, not including the sinking fund, by $113,000,000. It
will be seen from the foregoing statement that such excess was
in reality $119,612,116 09, or $6,612,116 09 more than the Department estimate. It was also estimated in the same report
that the like surplus for the fiscal year to end June 30, 1889,
would be $104,313,365 64. Judging from the actual expenditures for the first quarter of this fiscal year, and in the light of
receipts and expenditures to the middle of November, it is
probable that this estimate will prove to have been fairly accurate, and that the surplus will almost exactly equal the predicted sum, a remarkable result, since its factors were eubject to
all the uncertainties of future revenues and of expenditures to
be authorized by a Congress not yet assembled.
The accumulated surplus on Septembe:r 29, 1888, was $96,444,845 84; the surplm1 revenues from that date to June 30, 1889,
as estimated, are $75,365,208 25, making the total accumulation
on June 30, 1889, which could be used in the purchase of bonds,
$171,810,054 09 ; however, between said September 29 and November 22, $44,399,509 50 has been paid for bonds; consequently if no more bonds were bought between now and June 30 next,
the surplus would then amount to $127,000,000. Upon the basis
of appropriations recommended by the Department, and upon
the assumption that the revenues of the fiscal years to end
June 30, 1889 and 1890, will be equal, the surplus revenues for
the latter fiscal year will be $101,000,000, which, with the surplus revenues of this year and the surplus already accumulated, make a total of $228,000,000, which might be used during the next nineteen months in the purchase of the interestbearing debt, and which ought to be used for that purpose, unless the laws are so changed as to reduce the difference between
expenditures and revenue by nearly that sum.
About $188,000,000 of the 4½ per cent bonds are now outstanding; they are payable Sept. 1, 1891. The total amount
of interest which will accrue on them from now until their
maturity is in round numbers $25,000,000; consequently the
present surplus and the surplus which will probably accrue
before July 1, 1890, will suffice to pay the principal of those
bonds and all the. interest which would accrue upon them
should they be permitted to remain unpaid until their
maturity.
The principal of the four per cent bonds is now $680,000,000,
and the interest which could accrue upon them until their
maturity in 1907 is about $500,000,000; a calculation will show
that the preseQ.t surplus revenues, if continued, would pay
before 1900 all of these four per cent bonds and all of this interest. Of course all the money which is saved by purchase of
bonds at less than the principal and the interest to accrue but
shortens the time when all the bonds may be paid if the holders
will surrender them.
Nothing more is needed than the foregoing statement to
show the absolute necessity of a readjustment of the public
·
revenues at the earliest possible date.
That it will be necessary to pay nearly the whoie of the interest which will accrue upon the public debt if an attempt is
made to invest the present surplus revenues in it before its
maturity is evident from the fact that even now the Government is paying for the four-and-a-half per cent bonds a price
which realizes only about one-and-a-half per cent annually,
and receives but meagre offerings of them at that price.
.
.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
no bo_nds were bought until there had been an expression of
opinion by resolutions in both Rouses of Congress that it was
lawful and proper to invest the surplus in bonds at the premium neces&ary to obtain them. Under the then state of public opinion in many parts of the country upon this question,
both as to its legality and propriety, it seemed wise to seek
the co-operation of the Congress in this important matter. I
am confident that the delay in the purchase of bonds while
waiting for Congress to act resulted in no substantial pecuniary
loss to the Government. The purchase was resumed under a
circular of April 17, 1888, and since that time nearly all
the bonds which have been offered for sale to the Government have been bought by it, as will appear from an inspection
of the bond-purchase book. Of course many offerings of bonds
have been declined because the price was thought to be too
high, bat finally almost all of the offered bonds were bought
at some price. An example will show this more clearly. Certain bonds of a par value of only $326,000 were offered so often
that the offerings aggregated over $19,700,000; but they werf'I
at last secured by the Department. Ninety-four millions of
dollars of bonds have been secured under this circular and a
premium paid for the privile~e of buying them of about
$18,000,000; the net rate of interest realized from this investment is only about two per cent, and the saving in the total
amount of interest which would have been paid had the bonds
been allowed to run to maturity is about $27,000,000. Rad
taxation been reduced so as to leave this money with the
people, and if it is worth in their business 6 per cent per
annum, the total value of the money to them during the term
which these bonds had to run would be about $83,000,000; thus,
there is a r sulting loss to the people of $56,000,000 upon this
transaction alone; if this over-taxation is not stopped, and if
the Government is forced to continue to be a; purchaser of its
own bonds at the holders' prices, the loss to the people, as
could be shown by a like calculation. must l:,e hundreds of
millions of dollars.
* * * * *
CURRENCY CIRCULATION.
The following table shows changes in circulation which are
interesting:
COJIIPA RATIVE ST AT EMENT SHO WING THE CHANGES IN CIRCU L ATION
F ROM JULY 1 , 1887, TO NOVEl\181,;R 1, 1 888.
'
In circulation In circulation Decrease..
July 1, li:187. Nov. 1, li:188.
---Gold coin . . . . . .. . .
Stand'd sil'r dols .
Subsidiary silver.
Gold certificat es.
Silver certificates
U. B. notes . . ... . _
Na t. ba uk notes ..
$
376,758,607
5 5,504 ,310
4 8 ,697,259
91.2 2 ,'> ,437
142,118,017
~~ 2 6 ,G67,219
2 76,855 ,203
- ---- -
Increase.
---- - - - - --- -
$
$
$
380,016,817
. ........ 3,258,210
59,801,350
4,297,010
5 2,5 71,712
.......... 3,874,453
140,613,658
. . . ........ 49.388,221
2 29,78 3 ,152
87,665,135
309,867,69 6 16,799:523
235.217 ,283 4 1,637,920
.- -
·--·. --·
----.
-- --·--
Totals .. . ---· 1,317,826,05 2 1,407,871,668 5 8,437,443 148,483,059
Net increase. ---· ____ ---··· -- -· .... -. -.. -... - .....
---· ......
90,045,616
COMPARATI VE STATEMENT, SHOW ING THE CHANGE S IN MONEY A.ND
B ULL ION HELD IN TH ro TREASUR Y F ROM J U L Y 1, 1887, T O NOVEJIIB ER
1, 1 888.
----,
In Treasury In Treasury Decrease.
July 1, 1887 Nov. 1, 1 888
$
$
Increase.
---------$
$
Gold coin .••. _. __ . . __ . 192 ,368 ,916 223 ,209,020
30,840,104
Stand'd silver dollars 2 1 l,483 ,970 2 49,979,440
3 8 ,495,470
__
Subsidiary silver____ _ 26,977,494 2 4 ,081:1,761:) 2,sss:125
United St at es notes . . :.!0,013,797 36,8 13,320
16,799:523
National ba uk notes..
2 ,362,ti85
4, l67,954
1,805,369
22,747,023
Gold bullion .••... -·-· 85,732 ,190101:1 ,4 79,213
Silver bullion _,_ ______
3 ,9 82,472
4 ,::J69,9 72
387,500
Trade dollars as bul'n 6,934,9 03 6,189,142
- ·1- - - - -1------ - - - - -
Totals . ••. -···-··· 549,85 6,387 657,296,830 3 ,634,546 111,074,989
Netincrease·--··-···· ____ ·--· ____ · · -· · -·· ____ ·-·······-·· 107-;«"0~43
As was the case last year, the increase in circulation tliis year
has been in the form of small money. The increase of outstanding paper and coin in denominations of $20 an<i less is
more than $115,000,000, thus exceeding the total increase of
BANKING ANJJ
FINANOlAL.
13
circulation among the people by about $25,000,000, and showThe foreig-n ·gold bu 1lio'l dep')-1ited aggreg-a,ted $ 'H,741.04'2 44 ;
ing a conversion of larger into smaller denominations to that foreig-n gold coin. $14,596,885 03-a total of $86,337,927 47,
e.1tent,
against $32,467,840 98 in t h e y ear preceding.
SILVER COINAGE.
· 'rhl3 value of United Stit"R li~ht gold coin deposited for reThe ownership of silver by the Government again was large- coinage wa'l $49~.512 60. Old miterial was d eposited in the
Iv decrAa.sed, in spite of the increase of the total stock of Hilver form of ; ewel ry, bars, plate, &c., containing gold of the value
dollars in the country, bv the coinage of 16 months. During of $2,988,750 90.
Of the silver bullion deposited and purcba,cied, $37,393,6i8 34
the past few years the decrease of drculation cam:ied by the
cancellation of national bank n')tes and by the deposit of money (32,135,165 79 standard ounces) waci classitied as of domestic
with the 'l'reasurer by the banks to redeem their notes whe'n production, $1,668,384 25 as for eign silver bullion and $37,336
presented for that purpose, has been but little exceeded by the as foreig-n silver coin.
UnHed S~atA~ silver coin, consisting almost entirely of transincreased circulation of Rilver certificates and of Rtandard silver
dollars ; thus silver seems to have filled the vacuum caused by fers from the Treasury of worn and uncurrent sub;iidfa;ry silvn
the retirement of national bank circulation. The circulating- coin. was melted during th e year of the v.!ilue of $494.151) 6i.
medium, in small denominations, has been largely converted Trade dollars wP.re received and melted of the value of
into silver certificates. And, finally, business haR largely in- $1,060.174 11. Old material was deposited containing silver of
creased in the South, and in portions of the countrv where the value of $627,316 32.
COi AGE.
there are few banking facilities. All of th Ase causes 'have cooperated to postpone any evil effeclis which might arise from a
The coinage is exhibite<i in the following- tablP:
continued and excessive coinagE' of the silver dollar ; but the
{
danger still exists, and should be guarded against. This can be
Description.
Pieces.
Value.
done by the adoption of the recommendation of mv last report,
- -2,R!50,i534
- - - - -$i8,3fi4,170
- - !50
Gold .. . ... ...• _.. ...•..•. ..•. ··-· ....
viz., by fixing the ma.ximum of silver which shall belong to the SilvP.r
32.71R,fP3
32,718,f-78 00
<lollar~ ... .. .. .••. . .. ...• ·-····
Government, and by providing that when it was exceeded by Snbsidlary
silver coin .. .... . .•.....
12.988,!521
1,417,4~2 2!5
$5,000,000, the purchase of silver bullion should cease until the Minor coins ...•. ··-····· ..•..••.....
60,977,8 19
1,218,970 5 7
amount owned by the Government should be again reduced to
Total..... ....... ........ . .. .. ...
109 030,547
$63,719 .242 32
such maximum, or by cancelling United SLa,tes notes to the
The subsidiarv coinage consistAd of 5,673 h alf dollars,
amount of the excess over the maximum, provided the Governfntmt h eld the notes: if no t, then by ceasing the purchase of 778.673 quarter dollars and 12,199,175 dimAs.
The minor coinage of the Mint at Philadelphia was thA
bullirm. Such plan, if adopted, would provide a safety valve
whi~h would be ~elf-operative, and. would assure the country largest in tbe history of the Mint Rervice, being occasioned
agamst any poss1ble dan~er from silver; for as s0on as it ~x- by thP.,demand for 5-cent nickels and 1-cent bronze pieces.
Gofd bars were exchanged for full-wei~ht United State8 gold
ceeded the amount which could be absorbed in the business of
the country, it would beg-in to flow into the Treasury in pay- coin. :s.s aut,horized by the Act of May 26, 1882, of the value of
ment of taxes, and would be there h eld until business call ed $15,846,986 25, against. $7,604,059 89 in the preceding- year,
for it, and when the Government's ownership fell below the indicating an increased demand for gold bars for export.
Gold and silver bars were manufactured as follows:
maximum, the purchase of the bullion would again begin.
Thus the country's business demand would regulate the
5
$
~~
country's Rilver circulation, and there would be little danger
of depreciation in the value of the silver dollar as compared
Total. •. .•. ..................... . ............. . ... ... .. $59,313,015 22
with the gold dollar. I venture to predict that if Rome such
Medals were manufactured at the :Mint at Philadelphia as
safeguard is not adopted and if thereby the silver dollar is suf.
fered at some to lose a part of its purchasing power, that the follows:
Gold ......• ......••.•••...•. .•• ••• . ..•• •.••. .•• •••......•...•...• . .• •• 124
people will demand the absolute stoppage of the silver bullion Silver....................................
........ . ...... .... .. ......... /531
purchase, and, furthermore, the use by the Government of the Bronze . .•.......••••.••..••..••..•.... •. .••............•••......
.... .. 74'.?
whole or a portion of the silver coinage profits for the redempTotal .••......••...... .•. . ·-· .. .... •.. .... .. ... ........•..••. .•••.• 1,397
tion of the silver dollars which are h eld by them. It ia to be
SILVER PURCHASES.
hoped that before such crisis is reached that the nations of the
world will have agret-d upon some standard of bimetallism
27,235,601·06 standard ounces of silver bullion. co<1ting $23,which will forever maintain a fixed ratio between gold and sil- 398,466 06. were delivered on semi-weekly purchases on t.Alever, but in the meantime there is no occasion to burden our- graphic offers. The average cost was 95"45c. per ounce fine.
selves with a stock of silver whfoh may be. troublesome.
The average London rate at the par of exchange was 95·741c.
per ounce fine. Silver purch ased at the mints inereased the
COIN CERTIFICATES.
The system of coin circulation by means of certificates has total purch ases of silver for the silver dollar coinage to 28,206,certain conveniences and advantages, but it is a costly form of 805·91 standard ounces, costing $24,237,1l53 20. The aver:tg-e
money; last year the cost of the $105,000,000 silver certificates cost per fine ounce of all the silver purchased for the silver
issued was about $421,000, and as more and more of these cer- dollar coinag-e was ~5·47c.
The seignorage on the coinage of silvn dollars during the
tificates are converted into smaller denominations this cost is
likely to increaRe. There are also certain dan~ers connected year was $8,407,922 32 and on the subsidiary coinage $71.191 80.
with it, for example, in time of \\ar, the possession by the Gov- The seignora~e on th e coinage of silvflr from July 1, 1878, to
ernment of such vast stores of the precious metals mig ht June 30, 1888, has amriunted to $47,536 681 02._
The following tahlfl exhibits the number of silver dollars
prove embarrassing, and at a time when the Government was
in financial need the temptation to spend the coin h eld ag-a.inst coined, the number1 h eld by t,he 'rreasury. and the numbe r outoutstanding certificates might prove too strong. The loss by standing- July 1, 18 W. a.nil 0 0t,nb~r 1. 18~8:
the abrasion of the coin, if it was in circulation, would not
In the Treasury.
Tot.al
equal the cost of the certificates; on the whole I think it may
be said that the currency of the country would be more Rafe
Period.
coinage
Held fo r pay- , Hel<l in
'In
RirJer
and more economical if the coin were in actual circulation inmcnt of
excess of
circulation.
dollars.
cntificates
certitlcateR
stead of being h eld by the Government on pledge against out- _ _ _ _ _ _ _ _
___
outsta ndin g . ontRtanding. _ _ _ __
standing certificates, as is now the case. But whatever may
1
1
1
be thought about the w:isd<:>m of the certificate system, there
$
!ll
$
$
1, 1887 . ... 26R,!190,117 142,118,017 R9,365,9:'l3
5!5 .506,147
can be no doubt thRt with 1t the further coinage of gold and Jnly
silver, excP.pt subsidiary coin, is not necessary or wise. Far Octoberl, 1888. ~0R,7!'>0.890 218.5Rl.f.01. 30.'~29,933 ' !57,95fl.~!56
The number of l!li!ver dollars dh1tributed. by the mints during
more gold and silver coios are now in the possession of the
~overnment ~han probably ev~r will be ne~ded for the redemp- the year was 12,054,104, ex.elusive of transfers to the Treasury.
tion of cerfaficates. Future accumulation of the precious
PRICE OF SILVER.
metals should be only in the form of bullion, which can be
On J uly 1, 1887, the London pricP. of silver waA 44 pence.
kept more s~f ely and counted more easily than the coin. If The hig
was ri,:iched August 26, ]888. namely,
this suggest10n was adopted, all but one of our mint s might be 45 3-16 h est price
the lowest, May 19, namely, 41% pence. At
closed, and large, useless P.Xpense be saved annually. I earn- the clnsepence;
of the year June 30, 1888, the price was 42~ pence.
estly call the attention of the Congress to this subject.
.
*
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*
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•)I,
*
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*
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*
~
PRODUCTION OF GOLD AND SILVER.
----------
iJ~~i,::·:.: ::·:.:·::.:·::.·:::::::.:·::::. :.:::·.:·::::::: ::: :::::: J:~1;:~~~
I
The production of gold and silver in the United States for
REPORT OF THE DIRECTOR OF THE MINT.
the calendar year 1887 is estimated to have been :
Dr. James P. Kimball, Director of the Mint, has
Fine ouncf'ls.
· Coinin g- value.
GoM.. .... . ........ . ........... ...... ...
1,596,375
$33,000,000
submitted to the Secretary of the Treasury his report on Silver
.••.......•...•............... ---· 41,268,305
53,3;57,000
the operations of the Mint service for the fiscal year
The production of gold and silver in the world for the last
ended June 30, 1888, and we make the following ex- four years is exhibited in t h e following table :
tracts from it:
Gold'.
Silver.
The value of the depoRits of gold was $80,894,456 67, including $8,668,959 11 of re-deposits. ·
The deposits and purchases of silver were 35,941.507·92
standard ounces of the value, at coining rate, of $41,822,846 45.
This includes re-deposits of the value of $491,831 79.
Of the gold deposited $32,406,306 59 was classified as of
domestic production, against $32,973,027 41 in the preceding
· year. These figures tend to indicate a reduction of half a
million dollars in the production of gold in the United States.
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Federal Reserve Bank of St. Louis
Calendar years.
Kilograms.
Value.
- ------- -----1-----1884 .... . .. . . . .. ••.
1885 .... .. . . .•..••.
1886...... . ........
1887 .. . . . . .. ... ....
153,017. $101,694',000
156,103
103,744,000
149,355
99,2!50,877
149.048
99,056,Rn0
Kilograms.
Value.
2,665,386 inl0,77:l,000
2,9ci4,766 122,799,800
::1,021,fl:rn 125, 28,4 00
3.259,14'1 185,449,410
The production of gold ha~ remiioined nearly con ➔tant, while
the production of .silver has increased in the last four years
about $25,000,000. · ,
'-
"',
14-
BANKJNG .ANJJ FIN.ANGIAL.
WORLD'S COINAGE.
The aggrt>gate coina~e of the world, including re-coinage,
was as follows :
===~1
Calenda r y ears.
1 884 ..•...•............. . .
1 s q5.... .••... .. . .•.. ... . ...•• .••. .... . . . ..
1886.................. ...........•. . .......
1 887 . . .
. ..... . .. .. . .. . . .... ... . . . .
Gold.
Silver.
$ 9(), 43 '2 ,795
95,7 fl7 ,582
9 4 ,642 ,070
J ~4 ,992 .465
$95, 0 32,084
126,7 64/'174
1 24,854,101
Hi0,984,877
Recoinages thuHfar communicated to this Bureau amounted
during the calendar year 1887 to
Gold ...••..••..........•.......•.••..••...•...•..•••.....••..... $29,78 6,783
Silver. . •••••...... • ......••..••. .•....•. . ••........•.••...•...•. 30 ,174,980
INDUSTRIAL EMPLOYMENT OF GOLD AND SILVER.
to the credit of disbursing officers. 'l'he total assets, including
certificates of deposit in the Treasury cash, increased $ 142,4-25,251 29, from $622,~04,284 22 to $764,729,535 51. A summary of
the assets and liabilities on June 30, 1887 and June ~0, 1888,
ifl g-iven in the following statement:
June 30, 1 887.
.ASSETS,
June 30, 1 888 .
$
$
192,598,626 % 204 ,449 ,750 7 5
85,38 1,0 26 7 6 110 ,255 ,071 71
Gold coin .. .•••...... ...•• ...•...•...•.
Goltl l>ullion .... . ..•..........••.......
Total ... ... . ....... . . .•. . .. . ........
Less certificates actually outstanding
- - - --- - - - - -
277,979 ,653 6 11 314, 70<,822 <6
91,193, 507 00 121 ,094,650 00
---------Gold bal an ce . ....•...•..••...•..... 1 8 6,786,146 6 1 193 ,610,172 46
andard silver dollars ..•...•...•..... 211.4 91,52 7 00 244,1 81,394 00
The value of the gold bars furnish ed for industrial use during St
Silver l> ullion . .... .. .. . .....••..••.....
11,012,0 67 97
1 0,457,669 35
the calendar year 1887 was $11,672,606 40; silver bars, $5,241,------- - - - - T
otal
...
...
...
.
.
.....
.
..........
.
...
222
,50
3,594
97
25
4, 63 9 ,063 3 5
998 19; total, $16,914,604 59.
On the basis of the last direct r eports of the use of coin , the L ess certificates actually outst anding 142,32 7,% 0 0 0 200,7 59, 6 57 00
- - - - -- - - - - - - industrial employment of the precious metals for the calendar
Silver bala nce ... • ..••. .. . . .....•• .
80,175 ,644 97
f-3,8 79 ,4 06 3b
year 1887 is estimated as fo lows :
Gold . ..... • . . .•................. . •..•...........•...•.. ••. . . ... . $14.600,000
Bil ver. . .......................... .\... . . . ........ .. ...... . ... . ... 5,280,000
U n ited States n otes .. . . . . ..
L ess certificates actu ally outstanding
'rOCK OF COIN I N THE UNITED STAT ES.
United States note b al ance . ..• •.
Nati, ,nal b a.nlc n otes , including notes
i u process of redemption . ...........
D eposits i u 1Jation' l l>auk depositaries
The stock qf gold and sit ver coin
1888, is estimated to have been:
10
the United States July 1,
Gold coin .. ... .. •.... . ..•. . .... ... ..•..... . ........... . ....... $ ~95 ,849,837
Hilve r oollar s . ... . ... .. .......••.........•• . ... . ... . .......... 299 ,708 ,790
Subs idia ry silver coins . .. .. ...... ... . .. . . .... .... ... . .. .. . .. 7 6,406.37 6
At the Harne date there was go ld bullion a waitin5 coinag e in
the mints of th ~ value of $ll0,469,0t8; silver bullion, $3,9 50,388; mF-:ltHd t.rad~ dollars $6,545, 5'.l i; making a. total metallic
stnck of $1,092,429,%3. Of thi:-i there was in t he Trnasu ry of
tht> United States $594,533,172; in nat,bnal bankq, $ l0fi,435,492,
and in other bank~ and in g t-meral circulation, $:392,401,29~.
The estimate for th o 1st November, 1888, was :
Gold coin . ... ............ . ... . . ... ...... . ......... . ..... . ... $603 ,225 ,8 3 7
Silver clolla r s. _.. . . . . .•. . ... . . .. . .•. . ... . .•. .•.... . . . .•. . .. .
309,750,8!)0
Suosidrn,1·y s llver . . .•. . ... .••••.. ... . ... ••. . ... ..•... .. .••.
76 ,660,481
Total coin.. . ................... . . . .. ................ . ... $ 989 ,637 .20 8
Gold bullion in the miuts ....... .... ....... ............. . ..
108 ,479,213
Sil,,er bullion..... . ............. . . ........ . .. . ........... . ..
10,55~,113
Total. .. .•. .••...•...•. .•••. .•... . ..... . .....•. .. •...•.. . $1, 108 ,b75,G34·
REPORT
OF
THE TREASURER 0 ] '
U ITED srr ATES.
THE
Tot:11 n et assets ... .. .•..••...•.....
29,625 ,4 0 8 2 !-l
8 ,830,000 00
fl3,345 ,fl7i; 89
14,665,0 00 00
20.79 5 ,408 '29
3 ~,680,975 8 9
2,415,571 4 1
2 3,3Hi,8 77 91
7,055,541 0 8
58 ,712 ,5 11 11
313 ,489, 649 Hi
a5 1,938,606 s:l
- -- - - - - -- -
.
LIABILITIES .
32,813,318 62
P u olic d Pb t au d inter est . •.... . .•.....
14,087.77 9 0 8
Reser ve for re:f1eruption of U. 8. uoteg 100 ,000 ,000 00 100.000,0GO Ou
2 3 ,6>38,693 1 8
2 6,645,827 34
D i1,bnrsiug offi cers' bal--tnces, e t c .... .
2,17 7,2 21 45
O ut!ltaudi 11 g drafts a nd oh ecks _ ... .
~,5 7 6,5 6 2 3 4
F ive lWr cent fnnd f or r edemption of
natioual l>fLnk uotes . . .. . . .. .
8,113,335 3 3
6,976,727 62
F n "rl fomde,op-ion of note,orba;;,;;I
" f ailen," '' iu liquidatio u " a nd " r e•
duuin~ mrcul at io 11 " . . . . . . . . . . . •. . .•
97.?92 ,9~ 8 ;1.0 91 ,952 ,843 65
Post 01:hcc Depar tment a ccount. .. ...
6.;_,5!l,2o5 :n
6,051,G07 2 5
T ot a l llal>1llties ..•...•...........•.
2 71, 344,742 0 5 . 248,29 1,34 7 28
A.vaihtbl Ab al au ce ...•.............
4 2,144,907 14 103,647, 259 61
A ssets n ut availal>le-Minor coiu . . ... . ... . .......•..•• .. . ..
Frac tional silver coiu ...• . •..... . ...
115,172 94
26,963,998 HS
-
112 ,920 73
26,044, 062 35
-
---
(;9 ,224,37 9 0 6 1 29,804.242 69
Total l•al auce
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UNITED STATES NOTES.
From the report of J\Ir. J ames W. Hyatt, Treasurer
The r edemp tions of United States no tes at the Trdas ury
of t he·United States, t he following extmcts arc taken : during th e year amount~d to $63,652,000, aga.inst $74,068,000
RECEIPTS AND EXPE NDIT URES.
'l'he net revenue:-; fo r the fow al year en:i in g Ju ne 30, 1888
were $37!:l,26ti,074 7li and the net, expenditures $267,924,801 lo.
AA ~ompa,red wit.h the preceding year, t he revenues were
$7,862.797 10 greater and the expe nd itureH $7,378 84 less. The
foll vwing statement s hows the amounts for the two years and
tht> io crt>ase and deert>ase :
1 887.
, ___
1_
8 _s_s._ _ l_r_nc~.r_D_ec_._t
He venn c f t'Olll$
$
I
$
<'u sto ms ... ... . ...... .. 217,28G,R93 13 219,09 1,17:.l G:1 *l,KO-b,280 50
Iu teru a l r evenu e . . .. .. 118,82a,:rn1 :!2 l:!-1,2DG,871 H8 * f>,473,-iSO 76
Sales of 1mhlic land s..
!),254.,:!86 42 1 1,202,017 23 * l,!H7,7HO 81
Misuellaueo us sources. 26,038,706 SU 2-1,676,011 U2 I l ,3G2, tiU-1 !.>7
1 - - - - - - - - - · - ·Total.. . .............. 871,403,277 66 37!:J,266,074 76 . .. . . . . . . . . . .
N et increase .. . .. ... . ...... . ...•.•.. . . ••............. 1 7,8 62 ,-:- 9 710
E x p enl1i t 's OlJ ncc't ofCi,i.l & llli suellaueo ns :
Cu.st'rns, lig-llL·llons's,
p uhlic IJlllu gs, &c. .
In te rna l revenue ... .
In terior ci vH (lands,
p atcuts, &c.) ... ... .
Tr easu r y 11ropcr
(legislative, executi vc an dotlrnrcivil\
Dip lom atic (foreigll
r e1atious) .. ... .. . . .
Judicia r y :md quar·
terly salaries.. . . ..
War D c1_1ar tw e11 t. .. . . .
N a vy Departmeu t.. .. .
Interior Departm en t
(India 11s & pensio11s)
Inter est ou publi c de lJt
l're'ium ou pulJlic d el>t
23,795,933 12 2 0 ,359 ,455 15 t 3,4.36,477 97
4,0 70,12G 5!)
8,80U,5G7 94
t ~G0,5G8 U5
7 ,821,225 31
7,859,468 4 1
* 38,243 10
Denomination.
1885.
- - -- - - -- -
Ones .. ...... . ....... .
Twos . . ... • • . .... . .. .
Fives .. .. ..... .• . .. .
Tcus ...
T wm1ties.·_-_-_- : :: :: : ~:
Fil'tics.
One lrnmlre<1s .......
Five I.Juutll'c<ls .......
One thousands . ..•..
I!'ive t hons·:111 ds . . . • .
Tell thousalluS.......
$
2•1,952,061
25,295,069
75,997,805
64,539,386
55,126.509
23,459,895
32,896,790
1 6,557,000
28 ,7 1 6,500
100,000
4 0,000
- -- -
188 6.
1887.
$
17,603,922
1 8 .204,369
85,629,219
6 6.658,661
55,078,379
23,291,265
3 1,359,700
1 2,424,000
37,361,500
G0,000
10,000
1 8~8 .
I--·$
$
8,7!.>7,37G
9,00 ,572
95,064, 50
80,371,471
63,929,361
2 1,908,985
29,643,400
7 ,704,500
31,1 97,500
45,000
10,0001
- - --
5,180,2 32
4,9 76 ,931,
81.'154, 72
Sti,264,401
84,813,H24
21,870,550
31 ,1 0 4,100
~,0 68,0 0 0
24,30 3 ,000
3 5,000
10,000
1
Total.. . . ........ 347, 68 1,016 3 47,681,016 347,681,016 347,681,016
Less 1mlmown de·
nomillations
destroycd iu subtreasul'y ill Chlca·
go fil'C •••••••• • . •••
1 ,000,000
1 ,000,000
1,000,000 1 ,0 00,0 00
- - --- -
· ·- - -
- -
·--
Outstanding . .. 346,68 1,01 6 346,681,0 1 6 346,681,016 3 46 ,6 "' 1,0 16
38,342,337 7 3
3-±,575 ,4.66 33 1 3,766,871 4 0
7,104,490 47
l,593,4G l 40 t5 ,511,0 29 07
l
4 ,13 0 ,71 2 37
4 ,754,851 f'>'i'
38,561,025 8!1 38 ,522,43(.l ll
1 5 ,141,126 8 0 1 6 ,9 26,437 65
*624,139 20
t 38 ,588 74
*1 ,785 ,310 85
I
8 1,223,624 48 86,537,81 6 64 * f> ,314 ,192 1 6
47,741,57 7 ~5 44,7 1 5,007 4 7 t 3 ,026,569 78
..•.... . _-. .. ... .
8 ,27 0 ,842 46 * 8,270,842 4G
Total. .. ............ .. 267 ,932,179 97 2 67,924,801 1 31······· · .. ..... .
Net uecrease....••.................... •• , .... .. .. . . ..
7,378 84
I
Stu-plus available for
r eduction of debt 103,4 71 ,0 97 69 111 ,341,273 63 *7,87 0,175 94
The revenues of the Poet-Offiee Departmt> nt wt>re $52,229,384 97, of which $22,877,485 05 was deposited in the 'l'reasu ry
and $29,351,899 92 was disburs~d by po1-1tmaRter!'I . The total
expenditures were $55,894,2!l8 06, or $3;664,913 09 more than
the receipts. The advances from the deficiency appropriation
amounted to $3,160,820 47.
:
THE STATE OF THE TREASUR Y.
The net chang es that occurred during the year in the state of
the 'l'reasury were an increase of· $37,52~,468 86 in the total
assets and a decrease of $2H,053,394 77 in the total liabilities,
making an increase of $60,579,863 63 in the aggregate balance.
T here was an increase in every class of assets excepting silver
and minor coin, and a decrease in every class of ·Ii bilities ex-l~ncee
retn3inlng
cepting checks aJ1d drafts outsta,nding/ )Ul.d
.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
th e y ear befort>. The redemptions at New York in gold were
$692, 59 6, making $26,736,454 in all since the res umption of
specie payments. There ha ve been no r edemptions in g old at
Han fi ra nci~co under authority of the act of March 3, 1887.
'l'he amounts of each denomination outstanding at the clo,ie of
each of the last four fiscal year!'! :ire shown in the foll owin g ta.b it>.
*
*
*
*
GOLD CERTIFICATES.
*
*
*
The volume of g old certificates outstanding·increased in th~
y~ar to $142,0~3,150, the hig h est point yet reached at the end
of any y ear since the issue began. 'l'he excess of t he issu e:i
over t he redemptions fo r the year was .$20,536,333. In the
same t ime t he amount in the '£reasury cash decreased from
$30, 293,310 to $20,928,500, so that the t otal increase of thP, circulation was $29,9ul,143. 'l'he greater part of the change was
in the denominations of $1, 000 and $5,000, which are much used
in the t ransactions of the Sub-Treasury in New York with the
Custom House and the Clearing House. The amount outstanding
of the series of 1863 was reduced to $2,333,580. The following
statement shows the amounts of each denomination issued and
redeemed during the year, the total issued and redeemed, and
the amounts outstanding June 30, 1887, and June 30, 1888:
D enom ina tion.
---------
Outstand•
in{r June
30, 1887.
r
Issued dur• Redeemed
ing fiscal durjn g fiscal
yea r.
year.
Outstanding June
30, 1 88 8 .
$ •
$
$
$
Twen ties.... . ••. .•• . 10,872,062 4,160,000
2,070,062 1 2,962,000
F ifties .. .. . ....• •••.
~.2 25,355
4,500,000
2,480,205 10,245,150
One hundreds . ......
7,f/57,-100 7 ,800,000
2,088,400 13,6tHl ,000
Five hillldr eds ...... 1 2,031,000
4,700,000 4,420,000 12,811.000
One thousands ...... 17,376,000 14,000,0001 5 ,87 !;,000 2 5 ,501,000
Five thousan ds. .... . 13,195,000 20,000.000 9 ,330,000123, 6 5 ,000
Ten thousauds, . .•••. 51,830,000 30,000,000 3 ti,3 60,000 43,470,000
'!'c: ? 1 •• ,
• •••• . •• •
1 21,48 6,817 85 ,1:_60.'..~ oo,
~ 23.66?
142 ,023,150
l?ANKJN(} ANiJ FlNANCiAL.
*
*
*
*
*
*
SILVER CERTIFICATES.
*
The silver certificates iRsued during the year amounttd to
$105,896,000 and those redeemed to $21,947,378, increasing the
amount outstanding from $145,543,150 to $229,491,772. The
holding-s of the Treasury, however, increased from $3,215,200
to $28,732,115, so that the increase in the actual circulation
was onJy $58,431,707. The certificates issued were nearly all of
the denomination of $10 and under, of which the bulk of this
circulation now consists. The following table shows, by denominations, the amount outstanding June 30, 1887, the
amounts issued and redeemed during the year, and the amount
outstanding J.une 30, 1888:
Denomination.
Ones.. __ ,............
Twos.... ............
.Fives. ... ...... .. ....
Tens· -:· · ..........•.
Twenties. ...........
Fifties . .... . ... .... ..
One hundreds .......
F ive hundreds... .. ..
One thousands ..•.
Outstanding .June
30, 1887.
I~sue~ dur-1 Redeemed Outstandmg fiscal during fiscal ing .June
year.
year.
30, 1888.
$
13,97G,406I
8,905,996
7,728,241
54,2,?0, 70
50,629,016
5,196,100
3,713,430
669,000
521,000
14 , 1~2
$
$
• ,0001 l,419,892126,781,604
10,424,000
73'l,758 18,597,238
44,700,000
81 ,381 51,G09,860
36,520,000 10,2,~5,360 80,465,510
80,000
6, 68, 56 43,840 ,160
'04,500
4,301,600
6li0,130
3,053,300
1 - 8,500
480 ,500
199,000
322,000
*
*
*
·:lo
*
*
·:lo
The issues and redemptions and the amounts outstanding
by fiscal years, are given in the following statement:
'
Issued durRedeemed
Outstanding
Fis'l y'r. ing fiscal Totalissned. durino- tisTotal
at close of
--year.
cal year·. redeemed. fiscal Y_~ar.
I
I____
1878
1879
1880
1881
18 2
1883
1884
1885
1886
1887
1888
....
....
·· -·
.. ..
. .. .
..• .
. .•.
. . •.
. . •.
. ...
....
*
*
$
$
$
$
1,850,410 1,850,410
9,149,590 11,000,000 8,460,050
8,460:050
10,018,000 21,01 ,000
183,6 0
8,643,730
40,912,000 61,930,0001 2,119,740 10,763,470
24,300,000 86,230,000 9,369,820 20,133,290
35,0--10,000 121,270,000i12,519,879 32,653,169
52,280,000 173,550,000 20,005,140 52,658,309
40,000,000 213,550,000 20,990,045 73,648,354
4,600,000 218,150,000 28,523,971 102,172,325
51,852,000 270,002,000 22 ,286,525 124,458,850
105 ,896,000 375,898,000 2 1,947 ,37 H 1,16,406,228
$
1,850,410
2,539,950
12,374,270
51,166,530
66,096,710
8,616,8 :ll
120,891,691
139,901,646
115,977,675
145,543,150
229,4.91 ,': 72
STANDARD SILVER DOLLARS.
The coinage of standard silver d ollars during the year
1,m ounted· to $32,484,673, bringing the total coinage to $299, 42 4,790. Of the year's increase in the stock of these coins,
$32,445,517 rested at the year's end in the vaults of the 1'reasury and $39,156 in the hands of the people. The following
table shows the annual coi uage :
Fiscal year.
1878. .•..••. .••. ..•. ...
1879 ...... . ... _...... ..
1 880 . .....•...........
1 881. .. . .. ..... . ··· · ·· ·
1882 . .. .... . . ..........
1883 ... . ............. .
1884....... . . . . . . .•. . . .
1885 ...................
1886 ...................
1 887 .... .... .. .........
1888. ... . . .. . . . . . .•.•••
Annual
coinage.
I coinage.
Total
-8,573,500
$-,
$
--$-,
On hand at /outst"g at
close of y'r. close of y'r.
*
*
At the close of the fiscal year the Treasurer held United
State!'! bonds of the face value of $178,312.6 'l O for 3,128 national
banks, in trust to secure their ci rculating notes, and United
States bonds of the face value of $56,128,000 and the market
value of $6 ,568,192 50 for 290 national hanks designated as
depositaries, in trust to secure public moneys lodged with
them. The aggregate face value of the bonds held was $234,440,650. There was a decrease during the year of $13,654,050
in the amount held as security for circulation, and an increase of $29,642,500 in the amount held as security for public
moneys, making a net increase of $15,988,450 in all. The
amount of bondH deposited was $49,189,700, of which $12,647,700 were for circulation and $36,542,000 for public moneys.
l'he amount withdrawn was $33,201,250, of which $26,301,750
had been held for circulation and $6,899,500 for deprn,i ts. The
following table shows by classe!'I the amounts of the bonds h eld
on June 30, 1888. The three per cent bonds of the loan of
1882 httd been called for payment and interest on them h ad
ceased.
Class_of bonds.
--------
To secure
Hate To sccnre
Total.
per circulation. pub. mon'ys.
cent. .Face value. l<'ace valuti. Face value.
-·---
Bonus issued to Pac. RR.
F n.nded. loan of 18!)1. ...
Funded Jon,n of 1907 .. .
Loan of July 12, 1882 ..
$4,082,000
$3,18 1,000
$001,000
6
6!),l;70,300 15,u(i:J,500
hf-> ,333,800
412
105,423,850 :39,428,500 14.4, 52,350
4
172,500
135,000
37,GOO
3
- - - - - - · - - - - - - - -1- - - - Total.. ••. . ...••..••.. . .... $178 ,312,650 $5G,128,000 $234,44.0,650
1
$
8,573,500
7,718,357
855,143
27,227,500 35, 01,000 2 ,147,35L 7,653,649
27,933,750 63,734,750 44,425,315 19,309,435
27,637,955 91,372,705 62,544,722 28,827,!-183
27,772,075 119,144,780 87,153,816 31,9!)0,964
28,111,119 147,255,899 111,914,019 35,341,880
28,099,930 175,355 ,829 135,560,916 39,794,913
28,528,552 203, 84,381165,413,112 3 ,471,269
29,83 ,905 233,723,2 6 181,253,566 ,52,469,720
36,266,831 266,9!:}0,117 211,4 3,970 55,506,147
32,4t!4,6, 3 299, 124,7 ,.o 243 ,879,487 55,54f>JB03
Owing to the scarcity of one and two dollar notes, and the
annual demand occasioned by the movement of crops between
the end of May and the end of November, 1887, nearly nine
millions of the dollars were drawn into circulation , many of
them against the protests of the p ersomi who took them, but
when the notes were again to be had the dollars came back to
the Treasurv as fast as they had gone out. 'rhe various e:ffJrts
that have been made to put the coins into greater circulation
have pretty clearly demonstrated that the people who are willing to pay for thorn through the Treasury in gold, and to be
at the expense of coining and transporting them, have all of
them they want or are willing to take. The recent movement to make room for them by stopping th e issue of paper
currency of less denomination than $10 was met by the law
creating the small silver certi.6.cc:1,tes-another expression of
the will that the purchase of silver should be continued, but
the circulation of the dollars restricted. The opinion of the
late 'rreasure r, that $65,000, 000 is the extreme limit of the circulation that may be obtained, has so far been borne out by
experience.
Whatever m ay be said. of the policy of buying silver i n a
falling market-a speculation that is not likely to prove any
the less losing because the public funds are employed in itthe reasons why the coinage of the bullion into dollars should
be stopped seem to be conclusive. The fictitious value at
which the coins are issued makes them a purely subsidiary
domestic currency, t he limit of the amount of which must be
fixed by our own wants. Once coined they are on our hands.
They cannot be melted or exported. Their accumulation. loads
us down with tokens and threatens to hamper us in our dealings with other nations, while we are rich enough to have
good money. It is plain that not more than one to each inhabitant can be kept in circulation; the rest must lie in the
vaults of the Treasury-the representatives of the greater
value of the gold that was paid for them, or the basis of a circulation ! of certificates. The number already coined will
probably answer every demand that will be made for many
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
*
*
NATIONAL BANKS.
1-----1----- - - - - -1- - - - -
Total.. ..••••.... 145,543,150 105, 96,000 21,947,378 220,491,772
*
years to come. The increase of the certificate circulation
could be maintained with perfect safety and prompt redemption if the coinage were stoppP,d and the bullion lodged in the
Treasury in the form of heavy bars or ingots. In this way
the expense of coinage would be saved, tbt> labor a:-:d risk of
transportation, counting and safe•keeping much lessened, and
the metal at the same time b e kept available, in convenient
shape and without loss or confusion of values, for any use
that could be demanded of it.
The new silver vault i n the Treasury building was turned
over to the 1'reasurer on the 7th day of August. It is 89 feet
lo ng, 51 feet wide and 11 feet 9 inches high in its interior
dimer,sions. In it is set an iron cage, divided perpendicularly
into sixteen compartments, each 20 feet loug and 10 feet wide.
It will hold a hundred million silver dollars, and is said to be
the largest treasure vault in the world. The first shipment of
coin to be stored in it was received on the 29th of August.
Since then the shipments have been at the rate of h fl lf a million dollars a day, and tbey will be continued at t his rate until
the vault is filled. The additional storage capacity is equal to
tbe total coinage of dollars for three years; but by the end of
that time, unless the coinage is suspended, stilJ further vault
room will probably have t o be provided.
All the bonds held for the banks are examined once a year
or oftener by officers or agents of the banl.{S, as required by
law. Tbe examinatfons are based on statements furnisbed by
the banks to the Comptroller of the Currency, setting forth the
kinds and amounts of b onds they have deposited, which statements are certified by the Comptroller as to the bonds held for
security of circulating notes, a nd brought to this office with out
notice. These examrnations, averag ing in number more than
ten a day, are a continuous inventory of the vault in which th~
bonds are kept.
The table below exhibits the number of banks, the number
of depositaries, and the amounts of bonds held by the Treasurer at the close of each year from the establishment of the
national banking system:
Fiscal
year.
Number Number Bonds held Bonds held
Total of
of banks. ofdeposi· tosecm;ecir- to !'lecme bondsheld.
ta.ries.
CLLlation. publ!Cflllld.S.
-"---- - ~ - - - - - - - - - 1 - - - - - - - - 1863 ... ....
1864 .. . . . .
l t-65. ... ...
1866 ..... •.
1867. .••. ..
1868 -···· ··
1869. .. . .•.
1 70. .. .•..
1871 . . ... •.
1872. .••. ..
1873 . . . .• •.
1874... . ••.
1875. . . .••.
1876. ... ...
1877.... •• .
1878 . . . . .• .
.1879 . . . . . . .
1880 .... ...
1881...... .
1882 . . ...•.
1883 ·· · ····
1884.
1885 .. ..•• .
1886 . . . . . . .
1887 ·· ···"·
1888 .... .•.
······1
$
26
4G7
1,294
l,c-i34
1,636
1,640
1,619
1,612
1,723
1,853
1,968
1,983
2,076
2,091
2,078
2,056
2,048
2,076
2,115
2,239
2,417
2,625
2,6 9
2,809
3,014
3,128
204
3;:lO
382
385
370
276
1 48
lo9
163
158
154
145
143
1 45
124
127
131
1 30
134
1 40
1 35
132
160
200
290
$
$
1,185,750 . ... . ... . . . ...
1,185,750
44,266,900 30,009,750174,276,650
235,989,700 32,707,500 268,697,200
327,310.350 38,177,500 365,487,850
340,607,500 39,177,950 379,785,450
341,495,900 38,517,030 3 0,013,850
342, 51,600 25,423,350 36 ,274,950
342,278,550 16,072,500 338,351,050
359, 85,550 15,536,500 375,422,050
380,440,700 15,329,000 395,769,700
390,410,550 15,210,000 405,620,550
391,171,200 1 5,390,200 406,561,400
376,314,500 14,547,200 390, 61,700
341,394,750 14,578,0001355,972,75 0
338,713,600 15,377,000 354,090,600
349,546,400 13,858,000 363,404,400
354,254,600 14,421,400 368,676,000
361,652,050114,777,000 376,429,050
360,505,900 15,295,5001375, 01,400
360,722,700 15,925,000 376,647,700
356,596,500 17,116,000 373,712 ,500
334,147,850117,061},000 351,207,850
1312,145,200 17,607,000 329,752,200
275,974, 00 19,659,900 295,634,700
191,966?~0 26,485,5001218,452,2,00
178,312,uoO 56,1::18,00U :.fo4,4.0,650
The amount of public moneys held by depositary banks at
the close of the fisMl y ear was $58,712,51111, of which $54,933,992 80 stood to the credit of the 'l 'reas urer and $3,77d,518 31
to the credit of disbursing officers. 'l'he increase in the total
during the year was $35,395,633 20.
*
*
*
*
*
*
*
*
1.6
11ANKJNG AND FJNANOJAL.
NEW YORK CITY BANK MOVEME TS.
The r eturns of the New York Clearing House banks were
not looked to so closely during 1888 as they often have been
in previous years. There was never much apprehension of
stringency in the money market-and at the time of the Sept ember ..wheat corner by Hutchinson in Chicago, although the
d rain on New York was very large, the purchises of Governm ent bonds by the Treasury were so heavy that the demand
f or money waa quickly supplied. The banks held their own
w ell, and added a fourth year to the three preceding in which
t heir surplus reserve had never fallen below the required
1imit. The maximurn surplus reserve was reached on June 16,
w hen it was $28,463,000, while the minimum was touched
0 n Dec. 8, when the amount was $7,203,000.
On the 13th of October, by the returns for the week ending
with that date, the New York City Clearing-House Banks had
loans amounting to $397,~43,000, which was the highest point
ever reached. In 1887 loans re!lched their maximum point on
April 9, when the total w as $370,917,000; in 1886, on August
7. when the total was $358, 169,000; and going back three
years to 1885, we find that the highest total of loans was on
October 31, when the amount reached $34:4,360,000. It is thus
seen that the bank loans have increased rapidly in N ew York,
and the same fact is true as to the national banks of the whole
country, as the .loans are shown by their statements t o the
Comptroller to have increased largely in recent years.
The following Clearing House st atement from Mr. Camp
shows the average loans, deposits, specie and legal tenders,
and surplus reserve over and above the legal requirement of
25 per cent of the deposits, in each week of the year 1888. In
each column the figures indicate millions and hundred thousands, the last three figures being omitted :
NEW YORK CLE.\RING IIOUSE: BA.Nl(S STA'l'ElIENT-000S OHLTTED.
I
erve \R• t• ot
Surplus Re,to
Week Loans.
.
Legal
8
~eposits ~ecie.
tenders.
reserve. deposits . Interend'd
est.
----$
$
P er Cent. Per Ct.
Jan.
$
$
$
371,305
37 3,23 2
37:'>.04
a7 8 ,247
7 5,23:5
77,041
80, llO
8 3,308
2 8,4 17
3 2,0!i5
34,!i 66
34,512
10,8 26
15,7~1
20,9l4
23,25 8
2 7 ·91
2 9· '23
:30 •57
30•:n
5
5
3
4
4 •• 362,6RO 3 8 4,Q63
11.. 366,277 386,006
18 .. 366,249 382,9 t' 8
~5 •• 3ti6,680 3 0,4.67
8 4,4·r n
8 2,H7tl
79,8 !3
77,011
34,386
33,669
3 ::J .8 21
33,3·06
2'2,!594
20,143
17,937
15,200
30·8 7
30·21
29• f: 3
2 8 ·99
4
4
3
2
377,54 9
378,1 5 7
377,1157
37b,077
373,318
75,309
74,39'l
7 2 ,798
72,541
71,351
31,822
31,634
31,62 7
30,641
31,124
12,74 4
11, 487
10,012
9,41:-3
9,145
28 ·37
28 ·03
27•(:i fl
27·:'iO
27·44
2
212
2¼
3
371,571
14 . . 367,28 6 374,4::JO
2l.. 362,67~ 374,918
28 . . 363,523 376,041
M»y
5 .. ::'65,515 3R3,512
12 .. 364,372 ::l88 ,151
19 .. 361,768 391,420
\:!6 .. 363,8 46 393,953
71,774
72,94 6
74,948
76,789
29,739
31,532
33,027
33,337
,620
10,8 70
14,24 6
16,116
27·32
27· 9 ·2
28·8 0
29 ·~d
3
3
2
2
80,703
84.18
89,490
90,525
33,345
35,046
36,070
36,257
18,170
2i,l06
27,705
28,~94
2!:l'73
30·71
3 2·07
3:.n8
2
2
3
1-½I
391,227
3fl6,542
4 04,64 2
406,540
408,330
86,430
8 ,703
!U,404
91,009
90,707
37,092
37,743
3 8 ,220
3 8 ,195
3 8,192
25,715
27,310
2 8 ,4fi3
27,569
26,817
31·57
31·P8
32·03
31·78
31 ·56
1¼
2
1¼
2
413,910
4114,234
415,117
412,909
90,979
93,694
91,475
91,113
36,814
38 598
38,744
39,230
2-1,316
27,734
26,440
27,116
30·87
31·63
31·36
31·56
3
3
3
2
414,320
416,519
416,1163
412,563
90,587
8 8 ,852
87,736
l:l7,201
3(),743
39,383
38,015
36,942
2<.l,750
24,106
21,736
:.n,003
31·45
30 ·78
30·22
;;0•09
2
2
112
.112
1.. 391,733 412,132
7 ..
14 ..
21..
21:l ..
Feb.
Ma.r.
3 .
10 ..
17 . .
24 . .
31..
April
360,0':"0
356,173
:354,767
356,068
367,500
369,197
369,69.5
3 69,37 7
368,532
7 .. 368,'.,49
June
2 .. 36 3,528
9 .. 365,994
16 .. 371,504
~3 • • 37 8,807
:~o. 377,085
July
7 .. 380,476
14 .. 371J,406
2 1.. 37 9,630
2 8 . 379,488
Aug.
4 .. 381,703
11 .. 385,791
19 .. 387,9~,9
25 .. 388,74:)
Sept.
3
l½l
8 ..
15 ..
22 ..
29 . .
392,741
391,889
391,397
390,707
407,371
407,5 8
406,309
408,714
82,80.4
78,862
79,773
80,599
85,326
36,995
3-!,826
34,547
32,921
31,605
16,766
11,846
12,423
11,943
1 4,757
29·06
27·90
27·51
27·94
28·61
1¼
1-½I
2
6 ..
13 ..
20 ..
27 . .
Nov.
3..
395,636
397,243
394,053
393,706
412,762
414,469
421,884
418,533
84,902
85,050
94,28 1
92,400
29,705
2 8 ,882
28,090
27,871
11,4:!.7
l0,314
16,901
1 5,698
27·76
27·7:'i
2!) ·00
28·75
3
3
3
2¼
394,410
10 . . :, 93,97-!
17 . . 392,990
24 . . 390,814
417,787
414,902
414,550
412,139
90,063
88,582
87,293
87,471
28,114
26,700
2-7,9 ~5
27,875
13,7RO
11,557
11,591
12,311
28 •2!}
27 ·78
27·79
27·98
3
3
Oot'r
2
~
2½1
t he clearings fell off a little from 1886, owing to the small
Stock Exchange business, In 1888 the clearings in New York
were about 7 per cent below 1887, and in all cities (including
New York) nearly 4 per cent below the previous year. The
f ollowing table shows the clearings for nine years past in New
York City , the clearings in other cities, and the total clea.ri ngs for all cities :
TOTA.L CLEAR! GS IN NEW YORK A D OTHER CITIES,
- -~~· I
188>i :"........................ 1 $31, H1'J,Oll7,52L
33,484,556,208
18 7 . ............ . , ......... .
33,676,829,612
1886 ....... ............. . .. .
2&,152.201,336
1885 ........ .. ....... ...... . .
30,985,871,170
1 884 . ....... . ..... . ......... .
87,484,800,872
1883 . ......... : . . ... ... .... . .
46,916,955,081
1882 . . ....... . .............. .
49,876,882,888
1881. ... . ................... .
38,614,448,223.
1880 .... .. .. . ...... ......... .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
.~ 17,097,501 ,070
17,567,262,475
15,516,431,439
13,287,894,252
13,020,773,203
14,209,194,801
18,794,577,518
rn,960,317,317
11,875,-!00,000
·- - - - -··
THE BUSI ESS OF 1888 I
$-19,0117,528,591
51,051,818,743
49,193,261,051
41,440,095,588
44,006,M4,873
51,648,495,678
60,711,582,549
63,88i ,200,200
49,989,84 ,228
ENGLAND.
[Communicated by our London Correspondent.]
Trade in the United Kingdom continued to improve quietly
but steadily throughout 1883, The political anxieties caused
by the illnesses and d eaths of the Emperora William I. and
Frederick in the early months of the year and the disturbance
of the money market in the latter part of it to a large degrne
prevented speculation, but without cllecking legitimate business. Consequently, trade is in as sound a state as ever it has
been, while it is more active than for a long time past.
The shipping industry show:1 especial improvement. Durin5
the four years ended with 1887 there was a heavy falliog off
in the shipbuildiog of the United Kingdom. At the same
time wear and tear and losses at sea, combined with the
growth of international commerce, were bringing about a deficiency in the supply of sea-going vessels. On this account,
in the later mo:::ths of 1887 there was a marked rise in freights,
which led to the pla0ing of many orders for new ships. At the
beginniog of 1888, however, freights declined and the o'rdera
fell off, but very quickly recovered, freights again advancing,
this time from £6 15s. to £9 9:1. per ton carrying capacity for
cargo steamers complete, while wages likewise improved.
The r esult was such a demand for new vessels that most of the
large builders and engine makers have secured ordera sufficieot to keep them employed throughout the present year. In
1888 the new comtruction amounted to about 904,000 tons
gross, against somewhat under 579,000 tons the year before·
and 474,000 t ns in 1886. Seamen's wages have risen during
the year from £3 10s. to £4 5s., and the wages of foremen
from 5 shillings to 10.shillings. Premiums of insurance are
also higher. The danger now is that there will be an overcons truction of vessels, as there was in the four yeard end~
ing with 1883. During the past year speculators have made
much money, and there is consequently a rush of capital in
this d ir ection. Unless, then, much caution is exercised, the
business will be overdone, a crisis will follow, prices of shipping will fall, and work •people in large numbers will be thrown
out of employment, In the meantime, however, the industry
is very prosperous and promises well for the new year.
The demand of shipowners and shipbuilders stimulated the
coal industry to such an extent that the miners of the midland
counties, Lancashfre and Yorkshire, demanded an advance of
wages of 10 per cent, and after an opposition of only a few
days their demand was conceded in full. Coal miners' wages
h ave risen a.lso, though in different proportions, in Wales and
Scotland. The iron industry has shared to a lesser extent in
the general prosperity. As an evidence, we give the annexed statement, which shows the exports of iron and steel
from Great Britain for a series of .years:
1888 ·· · ··········-· ·
1887 ········ · ····•··
D..-c'r
18 6 .......... . .....
82,598
29,518
10,076
27·46
1. . 391,40 4 403,161
3
18 5 . . ... . ... .. •... .
78,148
29,947
7,203
8 .. 389,089 403,566
26 ·78
3
1 884 . ....... .. . . ....
79,122
31,195
9,672
27 ·40
15 .. 3Q5,988 402,583
4.
188 3 . ........ .. •.... 1
77,767
2i .. 387,501 400,299
29,682
7,374
26·84
4
1882 ..........••...•
76,521
29 .. 388,798 400,314
29,838
6,281
26·56
5
1 8 1 ......•...••. - ..
880 ..... .. ..... . . ..
The table below shows that the clearings in New York dur- 11879
. ... .. .•........
iog 1885 were smaller than in any other year since 1878. In 1878 ... .. .•. ..•. ·.•..
1877 ·-····•• · ·· ··· ··
1886 there was a decided improvement, and the increase in 1876
................
1875 .. •............•
activity of both. speculative and legitimate transactions was 1874
.• • .. . •.........
well reflected in this large volume of bank clearmg_s, In 188 / I I 1873 ·· ·· ···· · ·• · · ··•
2¼
Total
AllClti.es,
Total Outside
NewYork.
New York
Cleariags.
Rails.
Pig Iron.
Tons.
l,036,li7
1 ,159,500
1,044,257
960,931
1,269,576
1,564,048
1,758,072
1,480,196
1,632,343
1,223,436
924,646
881,442
910,905
947,827
776,116
1,142,065
Tons.
J ,020,264
1,012,681
739,651
714,276
728,540
971 ,165
936,949
820,671
693,696
463,878
441,38!
497,924
414,556
545,981
782,665
785,014
I
Other
Descriptions.
Tons.
1,910,543
1,974,726
1,605,289
1,455,475
1,497,4.39
1,508,095
1 1658,531
1,517,458
1,466,055
1,196,170
933,193
965,285
899,809
963,498
621,741
1,030,734
Total.
Tons.
3,966,984
4,146,907
3,389,197
3,130,682
3 ,496,991
4,043,308
4,353,552
3,820,315
3,792,993
.2,883,484
2,296,860
2 ,346,37-0
2,224,470
2,457,306
2,487,522
2,957,813
BANKING
AND
FINANOI.AL.
17
The foregoing, as will be seen, indicates a considerable de·
cline in the amount of pig iron, the total shipments being less
than for the previous t wo years. The other mineral industries, with the exception of copper, have also been only
modQrately prosperous. The great rise in the price of
copper toward8 the end of 1887 consequent upon the
operations of the French Syndicate checked consump•
tion, particularly in India. All consumers limited their
purchases as much as possible and utiliz ~d old copper to a
Jarge extent; consequently a decided increase has taken place
in the stock of copper on hand. But the French Syndicate
has coocluded new arrangements with the principal copperproducing companies, and negotiations are pending, with
every prospect of success, for the creation of a trust to ioclude
not only the French Syndicate and the copper-producing companies, but also the principal consumers of the world.
In the other leading industries of the country, with the exception of the cotton trade, there is little to call for comment.
In the cotton department, however; while spinnin~ is doing
exceedingly well complaints are loud that the weaving branch
is not so prosperous. Both the foreign and domestic demand
has been good throughout the year, but weavers declare that
a further increasA in consumption is necessary to enable
them to continue production on the present scale. The quantities and valueE of textile exports for the last three years are
given in the following table:
..
YEA.R'fl EXPORTS.
Q UA.i~TI TIES.
is unexceptionally large. Durmg the past ten or fifteen
years it is estimated that the wages of agricultural
laborers in Great Britain have fallen 14 or 15 per cent. But
it does not follow that the laborers' condition is really worse
than it was before the fall began, for the decline in the prices
of articles consum3d by the working classes is larger even
than the reduction in their wages.
The stimulus to our trade last year did not come from the
UnitPd States, as it did in 1886 and 1887. The falling off in
American railway construction caused a diminution in the demand from that quarter for our steel and iron, and, on the
other side of the account, the Atlantic ports of the Unhed
States sent us only about one.fifth of the quantity of wheat
which they did in 1887. But the numerous loans and companies floated here and on the Continent by other countries enabled all of them, and particularly the Argentine Republic, to
increase very largely their purchases of our goods. Notwithstanding the magnitude of the Argentine demands for gold,
referred to below, a very large proportion of the sums raised
in this country were laid out here in buying materials. The
colonies and India were also better customers, and so were
our Continental neighbors. Altogether, therefore, notwithstanding the curtailment in the American demand alluded to
above, the total exports of British and Irish produce surpassed
in every month of the year the totals for the corresponding
months in 1887. This is shown py the following table, which
gives also the percentage of increase or decrease over the
,_ _,_8_
86__.- -1---1_8_8_,_· _ _ 1___1_8_8_8_._ same period in the year just preceding, of the exports in each
month of the years from 18ti4 to 1888, inclusive:
I
Cotton yar n . . .... .... lbs.
254,3 31 ,100
251 ,02 6,000
255,820,200
Piece goods .. . . - .y d s. 4,850,2 10,500 4,904,012,000 5,038,468,400
23,568 ,500
26,582,400
Jute yarn . . .. . ·· ·-··· ·lbs.
30,707,300
Piece goods . ..... y ds.
216,10:1.100
244,177 ,700
232,482,100
Line n yarH. . . .. . . . •• lbs.
15,8 91 ,700
16,380 ,900
1 4,696.900
Piece goods .. . __ .y ds.
163,75 6,,100
163,930,200
176,731,600
Woolen yar n . . ...... .. lbs .
4 5,650 ,0 00
4 0 ,153,100
42,627,900
89,68 !'i ,9 00
95,715,200
Woolen fabrics . . .... yds.
87,327,800
161,426,300
Worsted·fabrics .. ·--·Yds.
160,156,900
148,101,600
VALUES.
£
£
£
11,379,325
11,65 5,688
Cottnn yarn . · ··--···-· ..
11,4 87,389
51,74 2,36 2
52,581,4 58
Piece goods·--······· ·
50,171,67 2
227 ,41 2
272,860
Jute y a r n . .. . · • ···-······
273,3 15
2,080 ,7 8 2
2,109,287
Piece goods .... ·--····
1 ,824,866
939,763
88 6,91 8
Linen yarn . . . . . ·-··-··.. .
9 35,225
4,201,1G4
4 ,208,821
Piece goods.·-··--····
4,156,179
3 ,969,616
4,051,056
Woolen
yarn . . . · -.· - -··-__
4,4 10,8 '26
9,847,9 9tJ
8 ,29 8 ,454
Woo1 en f a brics . ····-··-- ·
9,153,689
6,946,344
7,712,111
~ ted fabrics . . ... ·-···
6,9~ ,331
From the above it will be seen that the falling off in the
exports of cotton yarn noted the previous year was more than
recovered in 1b8t<. The exports or jute and woolen yarns also
exhibit gains, while linen on the other hand shows a decrease.
As regards the movement of piece goods, it will be observed
that the exports of cotton fabrics passed in 1888 the 5,000,000,000 yard point and the exports of linen goods exceed by
13,000,000 yards or thereabouts tho.se of 1886 and 1887.
Speaking broadly, all branches of trade have prospered and
are looking forward to the future with much hope. Profits,
though not large, are fairly good. The production is immense,
and employment for the working classes is abundant. There
is no cry of distress from any part of our great towns, such
as ha"' been so frequent during late winters, and as yet at
least there have been no meetings of the unemployed. Prices
have varied little throughout the year. Freights, as stated
above, arfl higher, and so is tin, while copper is lower. But
with these exceptions the changes in market values are ex•
ceedingly trifling. Indeed the course of affairs in trade
proper is chiefly remarkable for the absence of speculation
and for the steady development of busin~ss at increasing
profits.
The improvement has at last extended even to agriculture.
The land-owners are perhaps as badly off as ever. Rents have
been greatly reduced during the past ten years, and many
~states are heavily mortgaged. The land•owners with smaller
incomes have to meet the same amount of interest payments as before, and have to provide annuities for widowed
mothers, sisters and younger brothers. In fact, the losses
consequent upon the fall in prices have been transferred from
our farmers to our land•owners. Owing to tb.e reduction in
rents and in1agricultural wages, as well as to the more general adoption of labor saving machinery, the farmers are now
able to work the lands they rent with a fair profit; consequently the demand for farms has increased during the
year, and although the cereal harvests were all bad and the
price of British grain is lower now than it was twelve months
ago, the reports from all parts of the country are
that the area sown this . year with wfoter wheat
I
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Export& 1888
compar ed with
1887.
1887
1886
1885
1884
Compar'd Comp ar'd Compar' d Com par' d
withl886 w it hl885 with 1884 with 1883
Differe'ce. £ P ercent. P ercent. Per cent. Per cent. Percent.
+4·3
774,936
+ 3·46 -4·95
- 6 ·4
Jan ... +
- 6·1
-10·9
:Feb .. + 1,737,290 +10 ·1
+ 5·31 -2·76
+ 3 ·3
4f>,224
M ar •. +
+·2
+ 2·65
+1·80
- 9·5
+ ·O
+8 ·1
- 0·04
-12·5
+ ·14
April. + 1,323,812
+ 1·7
-5·15
May. . + 2,778,38 9 + 16·8
+ 1·20
-13·6
+ 1·8
+9·9
- 6·5 5
+4· 62
June .. + 1, 7 22,40!
- 4·9
- 6 ·9
July •. + 1,580,783
+ 8·2
+ 3·79 -3 ·61
- 8 ·8
+ 1·0
+7·1
+ 5·56
- 7·4
- 6 ·6
Aug .. + l,39»,460
+1·35
-1·1
230,170
Sept .
+ 4 ·78
+1·65
- 9 ·1
+ ·O
- 2·40
O ct; .. + 2,157,305 +11·5
+ 2·80
- 3·4
- 8·5
617,319
+3 ·2
+ 9·15
+6·71
- 7·0
-11 ·7
Nov•. +
-7·7
- ·88
Dec . . - 1,571,25 5
+ 18 ·83
- 3·5
- 5·9
-
-
Year. +12,319,751
+5·5
+ 4 ·22
-
·32
-
8·6
-
2·8
The complete trade figures for three years are as below:
1888.
1887.
£
£
233,733,937
64,613,447
221,414,186
59,348 ,975
298,347,38 4
280,763,161
268,667,017
3 86, 582,026
361 ,935,011
349,381,086
81 ,171,850
80,714,069
E XPORTS.
Home products ..... . ...
Re-shipment of imports ..
Total exports ..... . ....
I MPORTS.
Total m ercnandise .. . ...
Excess of imp. over exp.
88,234,642
1 886.
£
212,432,754
56,234,263
I~ is a notable fact, brought out by the above, that while in
1884, 1885 and 1886 respectively, each y ear suffered a contraction in exports, 18'38's total exhibits an increase over that of
the year before of 5·5 per cent; and this inc rease it should be
remembered follows one of 4·22 in 1887 itself.
Undoub tedly, also, home consumption increased largely.
The expansion of our sea-borne carrying trade, which led to
the marked increase in shipbuilding, and thus stimulated
both the coal and the iron trades, occasioned an improvement
also in all the trades subsidiary to these. Manufacturers,
merchants and workpeople all had more money to spend.
Besides, while prices were falling the bus in ess community
generally had restricted as much as p ossible its purchases, expecting by holding back to buy more cheaply
later on. In consequence, stocks all over the country had
run down. During 1887 prices had at first remained steady
for months together, and then as the winter approached thev
had risen, in some cases very considerably. The trading
classes saw from this that the fall had, for the time being, at
all events, come to an end, and that the time bad arrived for
replenishing stocks. Much of the improvement, therefore,
is due to the laying in of stocks, which in previous years had
b >en allowed to run low. But the replenishing has been
done cautiously and moderately, and has not been a ccompanied by any speculation worth mentioning. The improvement in the prospects of our farmers too has counted for
much in the general improvement of trade. They are better
abl~ n◊w to n;i.eet their obligations than for years past. Th t y
18
BANKING AND FlN.ANOJAL.
are in better credit with their bankers, and they are better '
able, therefore, to buy from the towns. No doubt the fuller
employment of the working classes, bv increasing the consumption of agricultural produce, has contributed to the agricultural improvement. But, on the other hand, the agricultural improvement reacts upon the general trade of the
country.
The year 1888 is remarkable for the registration of the
largest number of new companies ever yet recorded in this
country. They are as many as 2,400, and their nominal aggregate capital is about £341,000,000. There have also been
very numerous issues of foreign, colonial, Indian and domestic loans. But only a amall proportion of the new companies
registered have actually been brought out. Mr. Goschen's
la it budget raised considerably the registration fee on new
issues. Many companies, therefore, were registered long before they were ready for launching, and in some cases were
registered in alternative forms, so as to leave their promoters
discretion as to the shape they should ultimately take. In
not a few cases company's issues for one reason or another
have been postponed, and some of the companies actually
brought out have not been successfully placed.
Still the subscriptions both for companies and loans
were very heavy, enabling foreign countries to take large
amounts of gold from the Bank of England. As gold is the
sole standard of value in this country, and as the law compels
the Bank to cash its note3 in coin, that institution is not able
to refuse gold when demanded from it, as so many of the
great banks of the Continent do. Therefore, its only means
of stopping the drain of gold is to raise the value of money in
London so as to make it more profitable to leave the capital
here than to take it away. On the 9th of August, therefore,
the Bank of England raised its rate of discount from 2½ per
cent to 3 per cent; on the t3th September it raised it to 4 per
cent, and on the 4th 00tober it raised it to 5 per cent. But
still the drain of gold was not stopped. Many of the great
banks of the Continent have branches or agencies in London•,
and they competed actively for bills in this market, as by
means of these bills they gained the power to obtain gold
should they require it. The consequence was that the rate of
discount in the open market in London did not rise as formerly to the level of the official minimum. In November
therefore, the Bank of England began to borrow from the'
other great banks upon the security of British and Indian
Government securities, thereby lessening the supply of loan
able capital in the outside market, and forcing up the rate o f
discount. Still, the competition of the great Continenta1
banks prevented the complete success of the operation. .And
the stock of gold held by the Bank of England fell lower than
it had been since 1866, the year of the Overend-Gurney fail
ure. The effect of the gold withdrawals on account of the
numerous foreign and colonial issues was heightened Ly the
fact that the imports of wheat, especially from Russia, were
exceptionally large because of the shortness of the home
harvest. Another cause tending to lessen the reserve of th e
Bank of England was the demand for internal circulation
consequent upon the steady improvement in trade.
In the last month or six weeks of the year the money
market was very much disturbed. Fears were entertained
that the Bank of England would have to raise its rate of dis
count to 6 per cent, an~ to adopt more effectual measure s
than had hitherto been taken to increase the scarcity of loan
able capital. The Bank was urged to advance its purchasing
price for gold, but without avail, and in the middle of Decem her there was very great stringency. At length, however
the great issuing houses induced the Argentine Government'
to give a promise that it would take no more gold from this
~arket. Then certain houses were able to import a large
amount of the metal from Russia, while assurances wer e
privately given that the imports of gold from Russia woul d
in the course of a few weeks be largely increased. A more
hopeful feelin-'t was thereby created, and the last week of th e
year was passed more smoothly than had been apprehended
But the outside market in that week had to borrow from the
Bank of Eogland marly nine millions sterling-an unprece
dented event. Taken in connection with the facts we have
mentione'i, the following table, made up from the official
weekly statements of the Bank of En.~land, and showing itS
position as regards bullion_, reserve, deposits, etc., on each
Thursday of the year, presents many points deaerving con
sideration.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
-
-
-
-
ENGLAND
BANK OF
----~ -
Q.
-Sbi
= =A~
~.i=a
.si
o'"' :3"0~
!l
oo
1888.
0
~
! --- -- ---- --z
Jan. 4 ..
" 11 ....
" 18
" 2!'> ..
Feb. 1..
.•
" 8 ..
" 15
22 ..
" 29
..
"
Mar. 7 ..
14
..
"
" 2l....
" 2S4 ..
Ar,r,
11..
..
" 18
" 25 ..
M~y
2 .•
9 ..
..
" 16
23 ..
" 30
..
"
June 6 ..
13 ..
" ..
" 20
27 ..
..
July
.
.
4 ..
Jl ..
..
" 18
25 ..
Aug. 1..
.. 8 ..
., 15 ..
" 22 ..
" 29 ..
Sept. 5 ..
" 12 ..
" 19 ..
" 26 ..
Oct. 3 ..
.• 10 ..
..
" 17
24 ..
" 31..
Nov. 7 ..
..
" 21..
" 28
..
..
Dec. 5 ..
14 ..
12 ..
" 19
..
.."
24 ..
~,Q
£
~
£
24,8 20,2
24,3 20,4
23,8 20,7
23,4 21,3
23,7 21,4
23,4. 21,6
23,1 22,1
:l3,0 22,4
23,2 22,8
23,2 23,0
23,0 23,3
23, l 23,5
24,0 22,9
24,6 21,8
24,3 21,3
24,1 21,5
24,3 21,2
24,7 20,2
24,5 19,6
24,5 19,7
24,2 19,8
24,2 20,3
24,4 20,8
24,0 21,3
24,0 21,6
24,3 22,2
25,2 21,7
25,1 21,4
24,9 21,3
24,7 20,9
25,2 20,6
25,3 20,1
25,0 19,9
24,6 20,3
24,4 20,8
24,7 20,9
24,3 20,8
24,8 20,6
24,8 20,8
25,0 20,0
25,4 20,3
25,l 20,5
24,8 20,7
24,9 !.? 0,5
24,8 19,6
24,1 19,6
23,7 18,5
23,6 18,5
23,9 18,3
23,6 18,5
23,6 18,6
23,9 19,3
1888 -(00 0008 omitted 1
'
SECURITIES. "o
IN
DEPOSITS.
e
6,8
5,4.
5,1
4,7
fi,3
7,'l
9,0
10,6
11,7
12,6
13,5
14,6
14,0
13,3
8,9
7,9
7,2
6,3
f>,5
5,~
6,4
6,7
5,9
5,2
5,8
6,0
7,2
5,1
4,5
4,2
3,6
3,4
3,1
3,1
3,5
3,5
3,8
4,4
4,9
6,4
7,5
6,1
5,4
r;,4
4,4
4,4
5,1
4,4
3,8
4,7
5,6
f-,7
~
~
0
·-
£
23,4
25,1
25,6
25,9
25,2
24,6
2::1,5
22,6
23,2
22,5
23,4
22,2
26,0
23,8
25,0
25,1
24,8
24,9
25,3
23,8
23.8
23,8
24,6
26,3
26,5
26,2
24,0
27,1
27,4
26,7
25,3
24,4
24,6
24,l
24,8
24.1
24,9
23,!)
24,3
2::1.9
24.,7
26,0
25,9
25,6
25,5
25.9
22,3
22.1
22,4
2 'l ,6
22,3
22,6
~
1>0
~
~
...,
,Q
c!,
0
14,2
17,2
16,~
15,3
15,6
16,3
16,3
16,3
16,2
16,6
16,6
17,3
18,0
18,'l
17,7
17,7
17,7
17,8
17,5
17,l
17,1
17,1
17,1
16,8
16,8
16,8
16,6
18,7
18,2
17,5
16,7
16,4
15,9
15,0
15,0
14,5
14,7
14,7
14,7
15,2
22,2
29,0 ·
19,3
19,3
19,0
19,3
19,3
19,4
21,4
21,0
22,3
21,4.
25.3
24.0
20,7
19.5
18,9
l~,7
20,0
19,2
19,3
1~.o
18,6
19,1
19,5
19,3
19,8
19,l
19,l
19,0
18,7
18,5
18,9
18,4
18,8
19,2
19,7
20,0
20,~
23,4
20,8
20,4
20,0
20,0
19,7
19,8
18,2
17,9
ltl,4
·20,1
20,7
'2 0,7
!'«l,r;
.s
~!8 ! ~.ci:3
~~
~
~zec= .§
~
~
-£- -£ - -
15,2
18,0
17,2
17,l
17,l
lt:,7
16,0
15,5
15,0
14,0
13,9
13,9
~~~«:
::'I
::s :Q~
--- - - -- di
£
11,6
12,3
13,0
14.,1
13,9
14,4
15,2
15,6
15,8
16,0
16,5
16,6
15,1
13,4
13,2
13,6
13,1
11,7
11,2
11,3
11,8
12,2
12,6
13, l
13,9
14,0
12,7
12,5
12,6
12,3
11,6
10,9
11,1
11.9
12,6
12,4
12,7
11,9
12,2
10,3
11,l
11,6
12,l
11,8
11,0
11,7
11,0
11,0
10,7
11,1
11,2
11.6
~
Pr.ct. Pr.ct.
2
4
319 2
1~
3
.. 11115
..
2~
..
--
2·
..
..
..
..
..
..
:i
..
..
11>15
. --·
iii!~
118
218
ll\i
lt!g
114
1311
138
19 16
138
1716
134
2715
2
ii¼ iils'
--·-·..
lI.&
1 116
118
·--3'
13~~
..
..
..
..
4
5'
..
..
..
..
..
..
..
..
..
..
..
..
..
......
iii;
2516
20g
2¾
2i~; 6·
2 7s
3916
3¼
3 7s
4716
3¼
3
27s
:116
1~]6
3 7s
438
4
4 14
The amount of bullion held by the Bank rose from £20,200,
000 on January 5 until the highest point of the year, £23,500,
000, was reached on ?tJarch 21. On December 5 it touche i
its lowest figure, £18,300,000. The reserve (also at its highest
£16,600,000, March 21) closed the year at £11,600,000, havin
been down to £10,300,000. The following table shows th
Bank of England rate of interest for the past nine years:
BANK OF ENGLAND RATE OF INTEREST.
Year.
Rate Number
per of days.
cent.
1880.
Jan. 1 to June 17. 3
168 days
June 17 to Dec. 9. 2¼ 175 days
Deo. 9 to Dec. 31. 3
23 days
--- - - Year's average .... 2•7ti 366 days
Year.
Rate NL1mber
per of day1.
cent.
----------1
--- ---1885.
Jan. 1 to Jan. 29. 5
29 days
Jan. 29 to Mar. 19. 4
4\J days
Mar. 19 to May 7. 3¼ 49 days
May 7 to May 14. 3
7 days
May 14. to May 28. 2¼ 14 days
May 28 to Nov. 12. 2
168 days
Nov. 12 to Dec. 17. 3
35 day•
1881.
13 d11,ys Dec. 17 to Dec. 31. 4.
14 days
Jan. 1 to Jan. 13. 3
Jan. 13 to Feb. 17. 3~ 35 days
-Year'saverage .... 2'92 a65 days
70 days
Feb. 17 to Apr. 28 3
Apr. 28 to Aug. 18. 2¼ 112 days
7 days
1886.
Aug, JR to Aug. 25. 3
42 days Jan. 1 to Jan. 21. 4
21 days
Aug. 25 to Oct. 6. 4
27 days
86 days Jan. 21 to Feb. 17. 8
Oot. 6 to Dec. 31. 5
78 days
Feb. 17 to May 6. 2
Year's average .... 3·48 365 days May 6 to June 10. 3
85 day•
June 10 to Aug. 26. 2¼ 77 days
Aug. 26 to Oct. 21. ::Ilg 56 days
1882.
56 days
Jan. 1 to Jan. 30. 5
30 days Oct. 21 to Dec. 16. 4
15 days
Jan. 30 to Feb. 23. 6
24' days Dec. 16 to Dec. 31. 6
Feb. 23 to Mar. 9~ 5
U days
Year's average .... 3·05 365 days
l\lar. 9 to Mar. 23. 4
14 days
Mar. 23 to Aug. 17. 3
147 days
1887.
Aug. 17 to Sept. a . 4.
28 days
34 da.y1
Sept,-14. to Dec. 31. 5
108 days Jan. 1 to l<'eb. 3 . 5
35 days
Feb. 3 t Mar. 10. 4
Year's average .... 4-15 366 days Mar. 10 to Mar. 24. 3¼ 14.days
21 days
Mar. 24 to Apl. 14. 3
Apl, 14 to Apl. 28. 2¼
14days
1883.
98 davs
Jan. 1 to Jan. 24.. 5
24. days Apl. 28 TO .Aug. 4. 2
28 days
Jan. 24 to Feb. 14. 4
21 days Aug. 4 to Sept. 1. 3
121 days
Feb. 14 to Feb. 28. 3¼ 14. days Sept~ 1 to Dec. 31. 4
Feb. 28 to May 10. 3
71 day3
May 10 to Sept. 13. 4
126 days Year's average .••. 3·34 366 days
Sept. 13 to Sept. 27.
14. days
_
Sept. 27 to Dec. 31. - - _o_5_d_a_y_s Jan. 11883
to Jan. 12. 4.
12 day•
Year's average •••. 3·57 365 days Jan. 12 to Jan. 19. 3¼
7 days
Jan. 19 to Feb. 16. 3
28 days
1884.
Feb. 16 to Mar. 15. ~¼I 28 days
Jan. 1 to Feb. 7. 3
38 days Mar. 15 to May 10. 56 days
Feb. 7 to Mar. 13. 319 35 days May 10 to June 7. 3
2~ days
Uar. 13 to Apr. 2. 3
20 days June 7 to Aug. 9. 219 63 days
Apr. 2 to June 19. 2¼ 78 days Au~. 9 to Sept, 13. 3
35 days
June 19 to Oct. 9. 2 112 days Sept.13 to Oct. 4. 4
21 days
Oct. 9 to Oct. 29. 3
20 days Oct. 4 to Dec. 31. 5
88 days
Oct. ~9 to Nov. 5. 4
7 days
Nov. 5 to Dec. 31. -~- ~~
Year'a aver~e ... 3·30 366 days
Year's average .••• 2·96 366 di ~!.:'.,_
.
,.. _ I ______ _
f11
--1
10
BANKIB0 .AND FIN..!tNOJAI,,.
Of the foreign issues referred to above, those for the Argentine Republic were largest in amount, aggregating for the
year about £29,000,000, and for the last three years about
£57,000,000 sterling. The condition of the money market
brought home to investors in this country the conviction that
the Argentine Republic was going ahead too fast. There is
no doubt, of course, that the country is prospering greatly,
The area under cultivation is being rapidly extended. Immigration, especially from Southern Europe, is large, and the
territory is being opened up in every direction by the construction of railways. But still it was felt that the speed was
too great, and the.refore the later Argentine issues, more
particularly the Water Works and Drainage Company, were
failures. The public also refused. to subicribe to other foreign
issues, and for some weeks past there has been almost a
complete cessation in the bringing out of new loans and
companies.
The movements of gold were on a larger scale than for some
years past, the imports having amounted to about £15,000,000
and the exports to £14,250,000. Of the exports about £6,000,000 sterlinl? went to the Argentine Republic, _and in addition
about £2,500,000 was sent thither from France and Germany,
making the total imports of gold from Europe to that Republic
about £8,500,000. From the United States about £2,500,000
of the metal was imported, from Australia. about £i,ooo,ooo,
from South Africa about £750,000 and from India and China
over £1,250,000.
The price of bar silver opened in January at 44 7-16d. per
ounce ; a down ward movement soon set in, increasing in rapidity during the next four months, until the lowest quota.
tion, 41%d. , was touched in the middle of May. The market
afterw a, ds improved a little, remaining steady at about 42d.
per ounce, or ft. little higher, for the next three months. In
Sept?mber a demand on the Continent arose, which raised
the rates to 44 3-16d. per ounce; from which, however, it
quickly fell to 43d. In December there was another fall to
42 5-16d. per ounce, recovering at the close to 42 9-16d. The
average for the year is 42½d, per ounce. .A.s it is both in.
teresting and instructive to compare the changes in:the value
of silver, tven in a period of only three years, we add below
the highest, lowest and average prices of the metal for each
month of 1886, 1887 and 1888.
1888.
1887.
1886.
Silver, 1 - - - - - - - 1 1 - - - - - - - - 1 1 - - - - - - ~ · _ _ _ _ 1_m_·g_h:
Low._l Av er.
d.
Jan···--· 44916
Feb··-··· 443, 6
March •.• 4334
April .•.. 4 2 70
May · ·--· 4 25s
June··-·· 4214
July ..••. 426 16
Aug ..... 4218
Sept ...•. 44316
Oct . ..... 433s
Nov . ..... 14318
Dec . . .... 42 70
d.
d.
44316 443s
4313 16 44
-!3
433s
4~¼ 4 '.l ll 16
410'.g 4218
42
4218
42
42a 16
411516 42
42116 4318
4 2 70 4318
42 70 43
_42_6_
18_ 4_2_:ia_.
I
For year. 441116 4 5s
431 16
- -
High.
Low.
I
Aver. High: Low. Aver.
d.
d.
d.
d.
4718 4638 46:\t
47
-l7l 16 465 16 4611 16 46151t
4 67 16 445 16 453s
4670
445s 43¼ 4315 16 46111e
43llJ, 43716 43916 46
44¼ · 433 16 43llJ.
453s
-141 16 437e 4418
44:!i3
4518 44¼ 441116 420'.g
45116 44716 44~
45
44 70 43 70 443s
45 70
4315 16 4311 16 ,4313 16 147
4518 ]431316 ,447 16 463s
d.
d.
467 16 46llJ.
46¼ 461 a 16
4611 16 46~
46
463s
44llJ. 45111\
4411 16 4479
42llJ. 4311 1 c
42
42616
420'.g 4313 16
44 .1g 4531 6
4516 16 4616:w
45
4511 16
4718
42
433
]44t1
,
47
45f>rn
11
- - - --16 - - -------
It is a surprising fact, made clea(by these figures, that the
average highest price for the year l 888 was 2 9-16d. less than
in 1887, the average lowest price 1 9-16d. less and the average
price of all 110-16d. ltss. The shipments of silvtr to India
have been about the usual average of the last ten years,
£5,500,000 nominally. The amount of India council bills and
transfers reached 2,029 Lakhs, realizing a little under £14,000,000. The rates ranged from ls. 5 1-32d. to ls. 6 1-32d. pu
rupee, the average being ls. 4 7-16d. per rupee, equivalent to
42½d. per ounce for bar silvu. The imports of Mexican dollars were exceptionally small, the total not much exceeding a
million sterling, of which the greater part was shipped to
China ana the Straits Sc:ttlements, The price was generally
but little over the melting value, the average being 42d. p r
OUDCe.
In the midst of the anxieties caused by the prospect of the
accession to •the German throne of a young man of whom
little was known, and that little not altogether favorable, the
Chancellor of the Exchequer proposed the conversion of the
whole of the t}?ree per cents. His plan was cordially
accepted by the city and was succesful beyond the most
sanguine expectation. Out of a total of about £591,000,000 all
but £42,600,000 have been converted. Mr. Goschen's offer
was in some respects less favorable to the national creditors
than that of ~Ir. Childers, which so entirely failed a few 1ear11
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Federal Reserve Bank of St. Louis
previously. But it bad this great merit in the eyes of bankers
and brokers, that it substituted one great stock of nearly
£600,000,000 for two or three stocks which Mr. Childer's plan
would have permitted. In the great stock, dealings always
can be effected promptly and freely. Besides, Mr. Goschen
had taken precaution, unlike Mr. Childers, to come to an
understand,ing beforehand with the bankers, and to remoTe
their objections. Lastly, the city was predisposed in favor of
the propornls of a Government which it desires to support,
whereas Mr. Gladstone's Chancellor of the Exchequer had to
encounter the opposite feeling. The conversion led to a great
shifting of investments. Many holders of three per cents were
unwilling to accept the Jower rate of interest, and sold their
stock, buying instead debenture and preferred stocks, municipal bonds and colonial bonds. The rise in prices that ensued
induced many holders of those securitifs to transfer their
investments to other securities yielding a higher rate of
interest, and it seemed probable at one time that the operation
would go on until it stimulattd an active speculation. But it
suddenly died out. The visit of the Emperor William II. to St.
Petersburg, which encouraged the Continental BoursE's, had
little effect upon the London Stock Exchange, for London
looks with much suspicion upon what are known here as
international securi ties, believing that they are too dear with
all therisksof war that have to be encountered. The numerous
new issues referred to above absorbed so much of the savings of
the country that they go far to account for this state of things,
But the weakness of the New York Stock Exchange bad also
a very powtrful influence, It is not necessary to refer here
to the causes of the di8appointment felt in London at the
course of prices in the market for American railroad securities;
but it may be poioted out that they afford the widest field for
Stock Exchange operations, and consequently that when .
speculators in those securitiP.s are disappointfd and discouraged
the t ff ect is ft lt in other departments of the London Stock
Exchange.
.As the year advanced apprehensions in the money market
increased the unwillingness of operators ·to engage in new
ventures. And when it came to be recogmzed that the fail.
ure of the ·Panama Canal Company was inevitable before very
long, an additional reason for .caution . was introduced, The
year, then, !ias not been upon the "'hole profitable to members
of the Stock Exchange or to their clients. In American railr ead securities much loss has been incurred; in International
securities there was little disposition to deal; and in British
railroad stocks the margin for speculators is not wide, With
some few and unimportant exceptions the common as well as
preferred and debenture stocks of our railways are held firmly
by investors, and the amounts of the stocks therefore available
in the Stock Exchange for operations either by bulls or bears
is too small to admit of very much busim ss. But there has
been a good d t al of money made in nitrate securities and in
South African gold shai:fs. The nitrate business has now
assumed very comiderable proportions. The consumption of
nitrdte is very large and is increasing and the capital invested
in this country in nitrate companies exceeds five miUions
sterliDg. In South African gold mines there has been an
almost unbroken advance in prices, the premium in many casts
reaching 500 and even 600 per cent, and the speculation is
being carried on as actively as ever. The r eports from the gold
fields are to the dfect that they are exceptionally rich, and the
principal operators predict that in a very short time the production will exceed that of Australia. Geologists are very
sceptical in regard to these sanguine reports, but in the meantime the prict s of the shares go up and up and the speculators
make much money.
The situation of the Bank of France, as to its stock of gold
and silver, according to the last ·returns of each month of
1886, 1887 and 1888 was as follows, stated in pounds s •.t.i.'1 ;ng:
_ GOLD AND SILVER IN BANK OF FRANCE.- f00,-000S
_
-
1888. . Gold. Sllv;, t otal
1887.
Gold. Sllv', Tota.I
- - -- - - - - - -
Jan.
26
23
29
26
Feb.
Mar.
April
May 3 1
June 28
July 26
Aug. 80
Sept. 27
Oct. 25
Nov. 29
Dec. }//'I
£
£
£
43,9 47.4 91,S Jan. 27
44,7 47.8 92,5 Feb, 24
44,7 47,9 92,6 Mar. 31
44,7 47.9 92,6 April 28
44,8 48,5 93,3 May 27
44,6 4!'1 ,9 93,5 June 24
44,4 48,8 93,2 July 28
48,8 49,2 98,0 Aug. 25
42,8 49,2 92,0 Sept. 29
40,9 49,1 90,0 Oct. 27
0.7 49.8 00,0 Nov. 24
40,6 _19,.4 _j}0,9 Dec, ffe.
·
omit'
1886. G0id Sllv'r Tt t 't
-- £.,__~
£
£
48,6 45,6 94,2
48,9 45,8 94,7
47,7 46,0 93,7
47,5 46,3 P3,8
48,0 4fl,9 94,9
48,4 47,3 95,7
48,2 47,3 95,5
48,1 47,7 95,8
47,1 47,7 94,8
45,8 47,5 93,8
~.4 47,7 98,1
44,~ -~7,7 J!U
~an. 28 46,1
Feb. 25
Mar 25
April 29
May 27
June 24
July 29
Aug. 26
Sept. 80
Oct. 28
47,6
50,6
52,1
55,4
55,4 '
54,8
54,6
54,7
58,6
Nov. :lS 62,4
i()eQ., dO ~6
£
43,S
48.7
44,1
44,8
45,3
45,1
45,1
45,3
45,5
45,6
'5,6 ,
'5,8.·
£
89,4
91,S
94,7
96,9
101,0
100.5
99,t
99.lf
100,2
OP,~
. flo.0
Pi\ i
TRADE
AND
EXPORTS,
IMPORT
In the year 1888 the foreign trade movement of the
United States was again extraordinary in its results.
The total value of imports of merchandise was $725,224,158, the total value of exports only $691,766,462,
and the resulting balance against the United States was
$33,457,691. In harmony with these figures a considerable export of gold took place, as might have been expected, the net amount exported being $20,567,337,
against a net import of $35,744,873 gold in the previous
year.
Our regular statistics in this article have to do with
the Government fiscal year ending with June 30. In
the fiscal year ended June 30, 1888, the imports of foreign merchandise into the United States increased about
$31,637,346 as compared with the previous year; the
exports of merchandise were $20,228, 704 less than in the
preceding year; thus leaving the trade balance against
us, or excess of imports over exports of merchandise,
$28,002,607 in 1887-88, against an excess of exports of
$23,863,443 in 1886-87, $44,088,604 in 1885-86, $164,662,426 . in 1884-85, $72,815,916 in 1883-84 and
$100,658,488 in 1882-83. The fiscal years ending in
1882, 1883 and 1888 showed the largest imports of
merchandise of any fiscal years on record, the three
years varying but little in their respective totals, which
approximated $725,000,000.
From 1856 to 1875, inclusive, the exports of merchandise had been in excess of the imports only three times,
and in those years the amount was comparatively small.
The exports of specie then were also a regular feature
every year, and from 1862 to 1879 inclusive, a greater
or less amount of coin and bullion (gold and silver) was
exported annually. With the fiscal year 1875-76 a new
era commenced, and the exports of merchandise began
to show a decided excess over the imports, which excess
increased largely in the following years. In 1876-77
the exports of merchan~ise exceeded imports by $151,000,000 ; in 1877-78 by $258,000,000, and in the year
1878-79, by $265,000,000, making a total excess of
exports over imports of merchandise for the three fiscal
years to June 30, 1879, of $674,000,000. This foreign
trade movement had an important bearing on the financial situation during the three years prior to 1879.
In the year ending June 30, 1880, the excess of exports over imports fell to $168,000,000, owing to the
heavy imports and high values of merchandise in the
prosperous years 1879 and 1880. But imports fell off
again, and in the fiscal year ending June 30, 1881, the
excess of exports over imports of merchandise amounted
to $260,000,000; in 1881-82 the excess of exports was
only $26,000,000; in 1882-3 this excess rose again to
$101,000,000; in 1883-84 it was 73,000,000; in 188485, $164,000,000 ; in 1885-86, $44,000,000; in 1886-87,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
COMMERCE.
$24,000,000; and in 1887-88 the excess of import was
$28,000,000.
The table following shows the prices of leading articles of merchandise about the first of J~nuary in 1860,
which was before the war excitement had begun to
affect the markets; on Jan. 1, 1879, when the Government resumed specie payments; and for the past five
years-1885 to 1888. The period of greatest depression was in 1878-79-the cost of the necessaries of life
being then at a minimum. During the years 1879, 1880
and 1881 the tendency was towards higher rates. But
from 1882 the movement was again downward, and in
1886, 1887 and 1888 prices of many articles, not affected
by speculative operations, ruled at very low figures.
COMPARATIVE PRICES OF MERCHANDISE 1
NEW YORlC
January 81860.
$
Breadstuffs•1t'lour--Sp.wh't,ext.bbls.
Patents . . . . ... ... . .bbls.
c~i~:~r,e~~,
~~t'ri;;_ttl:·
tWheat-White, No.J .bu.
Red Winter, No . 2 . . bu .
West'n 8 pr'g, No. 2 .bu.
Rye, Northern . . ... . bu.
Oat8, No. 2, white ..... bu.
CornWest. mixed, No. 2 .. bu .
White Southern .... bu.
;CottonMiddling Upland ....... lb .
L ow Middling Upland.lb.
Cotton goodsBrown sheetings .. ... yd
Print cloths, 64x64 . .. . yd.
Fish-
4
7
4
S
1
1
c.
1879.
1885.
1886.
c.
S 90
s so S 75
7 75
5 50
5 75
S 10
S 50
S 55
2 85
a 15
3 so
111
88
95
so 1 08¾ 86
92
98
92
85
60
66
6~
4;J
83
46½
86½
30
50
Oll
90
50
1887.
$
S
5
S
2
··u2
47
49
90
88
54½
54
51
55
c.
1869.
$
3
6
3
S
1
1
1
50
40
:-i ;o
20
85
S 25
97
9S
95
9~
93
91
59
69
40¼
42
Ml¼
55
64
65
c.
75
75
ao
00
05
Oi
05
61
85
47
60
9 7-16
10 9-16 0 J 8-16
11¼
11% 9 1-16 10 13 § 818\l~ 01~)~ 10 1- 16 9 5-16
11
II 7¾
S:k, 8 S-lt\
8¾
8
5¾
4 50
:~L
6¾
3 ·1
8·88
4 25
4 50
2a 00 2\! OU
70
70
II°¾
8
9¼
15
li
11
4 25
16 00
45
....
rnl:g" M
~I
i~
:lt
·~
· '----:--:-:-----:-;:----
* J!'LOUR-" ,vp1ing Wheat h:xtra"
6¼1
7
7½
8¾ 8 15-1 0·
3 62½ 5 87½ 5 25
24 00 19 uu 20 OU
55
60
65
9
8
13½
28
18
2.1
~?1ct~~~J~ir;:~~ei
Hay- Shipping ... .. .100 lbs. i ·oo
Hemp-Manila .. ......... lb.
"i6
Hops, prime State .. .... .. lb .
IronScotch pig .... ..... . ... ton. 24 50 22 00 21 50 19 50 21
.... 17 00 1~ 00 lti 00 21
American pi~ ....... . . ton
4 70
Lead-Domestic .... . 100 lbs
14
Leather28
so
Hemlock sole, light .... lb.
80
34
1
]
L~:~g~~'. ft~~kiai;<i·:bb~:
1 00
75
!-0
85
48
Molasses-N. Orleans ..gall.
53
37
48
Naval Stores87 !-i,
/; O½
Spirits turpentine . . .gall .
44~
27½
Common rosin .. . .. .. . bbl . I 65
1 cl5
1 22½ 1 Oi ½ l
Oils4ll
Crude whale .. . ..... . . gall.
54
52
38
77
85
Crude sperm ...... . . .. gall. l ~o
81
f,7
50
Linseed ...... . . . .. ... .gall.
113
52
Petroleum71,(
Crude . . . ... . .... .. .....gall.
.. ..
f\¾
5½
7!):j
... .
Refined ....... . . ...... . ga ll.
77_/4
8Y.i
ProvisionsPork, mess ....... .. .... bbl. 16 37½ 7 05 12 50 10 25 12
7
Beef, plain Western .. bbl. 1-l 50 LO 00 11 00 10 uo
Beef hams ............ bbl. H 50 17 00 18 00 16 75 19
{J
ti
9¼
7·10
f;r~~iw~<;;~~~~·:: : ::: ::
10½ 5·75
2.1
35
Butter, prime State ... lb.
:.:lt
23
Cheese, fine factory .... lb.
11½
JU¼
J1
8¾
5-).\
Rice- Domestic ...... ... .lb.
4¼
6¼
5%
Salt75
80
Liverpool g round .... sack. 1 15
70
2 50
2 50
2
Liverp_o ol,Asbton's.sack. 1115
'2 50
Suf. arCuba, fair refining . .... lb.
4¾
i¾
I\½
R efined bards . ....... . .. lb .
7¾
··io½
h
6
Tall ow ...... . ... ..... . . . . .lb.
3g%
85
S6
40
Wool-Fine Ohio fleece .. lb .
:-:-;-------,,-----,---=-
1888.
$ c.
S 00
5 00
- - - - - - - - - --- --- --$ c.
$ c.
$
00
50
:.10
22
80
21 25
111 00
4l0
20 00
11'1 00
3 110
10
45
Hl~_
211
80
1 00
1 OH
40
45
3S
LO
l ~
(Ill
32
7:i
86
~
75
50
50
I.I¼
6%
82
13
5½
~5
50
4~
6¼
~ »i
411
l 0
34
61
5ti
40
70
58
,. .
'i¼
7
7%
15 75 14 115
7 511
7 25
17 00 13 00
111
10
8 1-16
80
2~
1:&
12
6
5¾
,7
Pl5
2 50
85
2 50
5¼
lt
83
47!,(
8
6~4
S8
- - : - : - --:-----;;-- - ·:
i.J:! DOW th13 CJffiffiOII shipping flour
to
Great Britain, and is about the same as the "Wheat Flour, Slate,"
quoted in 1860and previous y ears-• ·Patents" are the highest gra4e.
and correspond with Exl1·a Genes~ee of 1860 and previous years.
t WHEAT-" White No. l" pl'Ob~bly corresponds as nearly as any preseut
. grade with White Genessee in old olassiflc.ation-" Red Winier No. 2"
would probably rank with '·Red Western" of bld classi:fl.cation.
The other grades m entioned for breadstutts cover same as quoted
in old lists of prices in "Hunt's l\ferchants' Magazine."
t COTTON-On Oct. 1, 1874, grades of cotton as quoted were changed bJ
the National Cotton Exchange. According to the new classification,
every grade was reduceJ, so that (for illustration) Middlin:.t accord ing to new classiflcatiou was on that day quoted 3sc. lower th-au
Middling 0r the old ola.ssificli.tion.
I The brown lilieetinae quoted a,r., Atlantic Mills. _;1. § l 013160,
TRADE AND
TOTAL V .A.LUE OF IMPORTS A.ND ExPORTS OF THE UNITED STA.TES,
For the purpose of showing the total amount of exports and
imports of merchandieP, and the total of gold and silver in
each fiscal year since 1S60, the table below has been compiled.
In the columns under BA.LANCES headed "Excess., are given
the differences between exports and imports each year-merchandise and gold and silver each being separately stated,
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rn
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..,0
In re~ard to the movement of stocks and bonds between the
United States and foreign countries, it is obvious that more
American stocks are conetantly being listed on the Stock Exchanges abroad, and since amounts of -very large volume can
be transferred quit-tly from one country to the other within a
short space of time, it becomes less and less easy to forecast
the course of the exchange market from month to month.
While the movements of merchandise and specie between
the United States and foreign countries are tolerably well
shown by the Government statistics, an uncerhin element
exists in this movement of stocks and bonds.
The tables below of the imports and exports of leading
articles of merchandise in each of the pa.st four years present
in themselves a brief history of the courae of merchandise
movements, and show, as to domestic products, that a small
quantity of merchandise frequently brings a larger profit lo
the seller than a much larger quantity at lower prices. The
tables are also ,interesting in showing the growth of trade in
certain specified articles and the decline in others. The export of manufactured goods is frequently one of the results
brought about by low prices in the United States, which
place our goods in foreign markets in co.npetitio.1 with those
of England and European countries.
►
t"'
~.
21
COMMEROE.
EXPORTS QF LEADING ARTICLES OF MERCHANDISE.
0
::d
The great export products-cotton, wheat, fl rmr, petroleum
and corn-named in the order of the relative value of the
exports of each, vary considerably from year to year. Cotton
remains king in the export trade, and the amount rose in
1887· 8 to the large sum of about $223,000,000. In the four years
past the value of wheat exports has varied from $50,000,000 to
a,
$90,000,000.
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The following table shows comparative exports of leading
articles from the United States for the la~t four fiscd years
....
s:: The r<'lations between qu•mtities and values of exports in a
0
"" series of years ta.ken altogether is puticularly striking.
z►
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EXPOltTS OF LEA.DING AitTICLES.
~
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rt-
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::tl
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1884-85.
A RTICLES.
I
1885-86.
1886-8'1.
[
1887-88.
12,R85,011ll
10,5!lR,3fl2
An im als .. .. ...... . ... value$ · 14,5fl7 ,081 1 12,!'118,ttfl0
Bacon a nd h a ms .. . ...... .lbs. 400, 127, 11 9 , 41 9,78k.796 1 419,922,95:i 875,481l,6R8
82,175,68 :
83,SU ,670
81,640,211
87,088,IJ48
value .... $
dO
10,455 ,6fl l
12,511,171
18,953,99\l
2 1,683.948
Butte r . . .... . ...•. ... .. . . . lbs.
I ,8R4,11(18
1,98·1,698
2,958,457
8,643,646
do value ..•. .... . . .. ... . .$
Beef , fresh a nd salted .... lbs. 164,496,ll78 159,151,087 119,."148,0fl2 142,4 78,5' 2
11
10,889,7r.0
0,65R
9.2
12,Wl,IJ83
14,892,521
do value .. .. . .. . ..... . . . .. .. $
88,008,45~
81,255,994
IH,877,23.5
Cheese .. ... . . . . .. ... . . . ... . lbs. 111,092,990
8,7 6,80~
7,594,6~3
7,002,145
10,444,4011
do value .. .. .. . .... . . . . . $
24,278,4 17
40,307,252
68,fl5::l,433
51,884,416
Corn ..... . . . . .... . .. ... . bush .
13,355,IHi0
19 ,847,161
8 1,730,922
28 ,008.86'1
do value . . .. . . .. ......... . . $
7,1'5l!,765
R.021,497
4,618,tt75
6,764,033
Cott on , Sea Isla nd ..... . . .lbs.
1,fl7»,828
1,798,272
1,176,025
1,685,615
value .... $
do
do
Cotton , oth er ... .. ... ... . .lbs. l ,884,81J5,4'39 2,053,423,76!l 2,161.43:\888 2,257.067,06 1
do value .. ... . .. . $ 200,27tl,823 203,909,617 204,423,785 221,313,982
do
Cotton mimufactu resM,446,9311
67,'ill8,0H
51,298,373
S2,73-ll.123
Color ed . .. . .. ..... .. ..... yds.
8,52.!,61 2
4,008,772
ll.149,091
2,230,5fl'i
do value ...... . . . . . ... $
U ncolor ed .... .... ... .. yds. 114,806,595 142.517,980 136,809,074 115,76fl,fi71l
7,812,9 17
l:l,25A,48fl
l ,2.,1, 170
7 ,919 ,6i0
value ........ ... $
do
l,fi77,630
1,669,084
l ,519,673
l,686,H54
All othe r . .... ...... . .... . .. $
11,968,574
11,518,449
8,179,24 1
10,fl4R,14G
F lo ur (wh eat) ...... . ..... bbls.
54,777,710
51,950,082
38,442,955
52,146,336
do value .. .. .......... . . .. $
Ir n a nd st eel, and ma nufac16,1105,0•16
15,958,i'i02
15.745,569
17,763.201
tures of• .. . . . total va lu tl ,
8,539.371·
7,552,534
9 ,lti0,519
8,<t2:1,045
L eather, value .. . .. . ..... . ... $
La rd . . .... ..... . . .. . ...... lbs. 283,2 1A,839 293, 728,01 II 321,fiSS,746 29i, 740,007
L~~b~~ ~~d tini.~ei-::viiiiie:I
1
Oil cake a nd m eal .... .... lbs.
do
value . . . $
Oil, Illuminating.... . .. gals.
value ... . . .$
do
do
Cot t on-seed oil . . .. ... . .. ,rnl ,.
do ......... valu e .$
o
P ork ...... ... . ... . ... . . .. . . . lbs.
do Vttl11e .. . ............. .... $
Rosin , pitch, tar, &c .. . . bbl s.
valu e.$
do
:lo
Tall o w . ... ... ... . . . .. . . ... lbs.
do vulue ........ . , .. ... . .
'1.'obacco (leaf) ...... ..... . lbs.
va lue . . .... ... . .. . .. $
do
Wheat . .. ... ... .. . . . .... .. bush .
v alue ...... . ... ... . . . $
do
ti
I~
22,595,219
16,fl7U,8 ~2
498,664,241
6,674,466
458,243, 102
40,074,827
6,:161.279
2. fl 14,51l2
7~.07.{.4flS
5,208,943
l,323.0:\4
2,2H4,563
50,431,719
8,322,476
210,221,207
21,71J0,2.51
84,653,714
72,933,097
20.861,786
15,925JJ70
585.!:147, 181
7,053,714
469,471 ,451
40,634.331
6,240,13!<
2, 115,1-17~
87,267.715
5,123,411
1.lflH,925
2.032.2118
40,!ll9,951
2,144,Ml9
281,737.120
2fl,926,5t 4
57,759,209
50,262.715
22,10·1,1121
22,751 ,105
ln,020.904
17,796 ,470
622,295,233 562,744; OU
7,301-1,KIH
fl,4 2'.{,930
480.A45,Al1 45fl,427,22 t
37,3113,997
SU,208,810
4,0fl7,Ul8
4.4 5'-1.fl!l7
1,578,1•8!')
1.9~5.739
S.'i ,891,207
58.900.1 5:1
5,6-11, '27
4,873,1 !-I
1.53 1,: m,
l ,399,iZF2,870,678
2,849.~0l
92,483,(15·t
63,278,408
4,252,fl/5:~
2,8:{6,3nol
293,fl66.99:') 249, Hl5.f1H l
21,!'>117,77(-1
25,637,988
t 01,I-J71,IJ49
65,789.2fll
90,716,481
56,241,4l:h
* Inelud.ing machinery, but not in cluding iron or e.
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a Included m silver,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
b Includes gold.
IMPORTS OF LEADING ARTICLES OF MERCH ANDIS E.
The table below shows a compuison of the imports of
0
leading articles of merchandise, both quantities and values ,
00
into the United States, in the last four fiscal years. This
~ comparison will be found extremelv interesting to those who
t:c
p,zC'.l watch carefully the course of merchandise movements, as i t
~
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da, shows not only the quantities of the principal articles of com•
z
Q
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~ merce imported in each or the years named, but the values
rn ~ also, thus exhibiting the relation between quantities and values as affected by the change in prices of many articles. The
largest imports of merchandise ever recorded were in the
year ending June 30, 1882, amounting to a total value of
$724,639,574; and in the next year, 1882-83, the total value
was nearly the same, being $723,180,914; in 1883-84, the total
value of imports was 1667,697,693; in 1884-85 it was $577,527,- - - - - - - - - ~ 329 ; in 1885-86, $635,436,136; in 1886-87, $692,319,768 and in
1887-88 1t was $723,057,114.
22
TR.ADE .ANJJ
OOMMEROJC.
nIPORTS OF LEADING ARTICLES.
ARTICLES.
1884--85.
Barley ................. bush.
do value .. .. .. .. . . .... ... $
Cig~rsv~lt~~~~~~·s-'. ~~:::. ~~~i
Cofl'ee •• •.. •.••.......•..•. .lbs.
do value .....•..•..•.....• $
Cotton, manufactures ofBleached and unbleached,
dye'.l, colored, stained or
painted ... . ..... Rq.yds.
val ... $
do
do
Hosiery,shlrts,dr'wer11,&c·$
Other manufactures of ... $
Earthen.stone& Chinaware$
l<, tax, hemp, jute, .to., raw.,
Flax1 bAmp & lute, mfs. of.. $
Fruits and nu s.• . .. ........
\:Hass and 1rlassware value.
Glove&. kid and i'ther, val..
tildes and skins . . ...... ..... $
Ind. rub'r & gutta percha.lbs.
val .. $
do
do
Iron and manufactures otPig iron .... ........... tons.
do value ............ . . $
Bard~on;aiue::: .:::::::~~~$
Railroad bars, steel..tons.
value .. $
do
do
Iron and steel, and manufac
tures of* ..... t otal value.$
of
Lead, and manuf's ....... $
Leather .... ........ ......... . t
Linseed ......... ........ bush.
do value .... .. .......... $
Lumoer ....... . ... .. . .value.t
Molasses ..... ..... ........ gals.
·1
9,986,507
6,522,092
919,984
1885-86.
10,197,115
7,177,887
1,016,033
MERCHANDISE.
lSSd--87.
10,955,594
6,173,208
1,11~.491
1887-88.
43~:~~:~~:
s2i:i~:~~g
60,507,625
5tl,847,tl00
r>1U~:g!~
46,723,818
~:~~:!~
25,180,494
2,756,520
6,807.289
18,133,482
4,837,7tl2
12,882,498
20,492,876
16,705,574
6,256,194
8,014,676
20,586,443
24,208,148
9,095,256
81,728,149
8,6112,588
6,858.072
19,158,tt06
4,ll47,621
9,1160,8117
20,963,185
17,318,259
6,338,097
8,8::H,716
26,fl99,313
29,26;:s,632
11,888,192
27,950,100
3,8<!5,li82
6,910,104
18,694 ,667
5,716,927
11! Sl~ 833
21',9ss',028
20,608,4t:l6
7,319,895
4.1511,112
24,2l9,101
2:>,6411.,146
18,756,788
27,559,916
3,489,112
6,878,723
19,104,825
fl,.U0,612
17,645,189
23,742,0.)11
20,521,829
7,H64,528
4,437,205
23,920,308
36,6~,851
16,067,2112
l51,959
2,609,263
261,674
4,056,621
41R,91U
6.528,795
825,517
5,042,886
42,672,1137
7g~~:m
7f:gJg;g
7f:~l:~~
7t~i:~
186.799
77,026
10,476
4,177
103,604
274,6tl2
l,487,8ii4
3,219,212
38,610,09::l
486,436
6,732,082
2,648,864
2,817,715
7,676,637
81,892,893
87,584,078
865,&20
7,518,522
1,034,576
1,099,477
7.332,195
89,079,808
49,208,164
699,28.l
6,449,6i5
415,170
418,:.!02
7,858,359
8~,007,700
48,992,022
668,706
6,Stl8,440
1,5-4,324
1,624,964
b,1:118,375
85,582,589
·~U~
·m:~~
,~g~:tzg
·m:&8g
5
5
0
4
Opi~~ anvll'i!i-acts·o:t:::iiis~
1,789,660
1,916,2:.!6
1,449,957
1,818,\!71
val. .t'
do
do
2,211,4fl
2,i,Qa,ll98
1,842,699
1,755,718
Paintin11;s, statuary, &c ..... :t:
Precious atones and imita.
10,520,907
10,557,557
7.934,2115
5,704,252
tlona, unset ......... val e.t
Rags . .. .. ............. ... .. lbs. 134,5\ll,262 118,528,994 120,571,949 113,437,274
2,034,.J80
2,111,4'-:.!
2,386,243
3.098,tl27
do value ... ... .. . . ......... !I"
97,562,85 < 103,950,359 155,tl23,45L
Rice a-r.d rice meal. ...... lbs. 110.074,57,
8,012,ll5t!
2,060,879
2,047,1-116
2,f>96,41fl
do '7alue .. ... ............ . . if'
Sugar, brown . . . .......... lb . 2,717,884,653 2,680,881,7115 8,186,448,240 2,700,248,878
74,248,584
78,411,ll24
80,778,744
72,519,514
value . .. ..... -~
do
5,174,851
4,f,119,574
4,754,62ti
8,424,076
Silk, raw .. . ... ... .. . ...... . lbs.
19,bL,88:3
18,687,245
17,282,505
12,421,789
do value ............... if'
33,850,1>28
81,347,923
27,957,989
27,467.56:.i
Silk, manufactures of, val..if'
Salt.. . .................... lbs. 867,680,07~ 847,737,215 77-i,886,362 690,340,216
1, L56,i<62
l,48>1,031
1,409,182
1.519,998
do value ... .... ............. f
81,627,1"57
P9,R81,221
81,887,99~
72.1 04,95fl
Tea.. . ........... , ...... lbs.
18,360,6,:
ltl,771,802
16,020,888
14,047,583
do value ................ ... f
316,9011
296,45fi
279,605
289,606
Tin... . . ..... ............ cwt.
8,758,5115
6,1<27.61111
5,878,752
4,283.4fl0
d o value .... ....... .... . .. .. :t:
6,349,446
5,722,203
5,722,52fl
5,071,540
Tio plates ....... ......... c,vt.
18,979.337
16,910,800
17,fl54,565
16,665,789
value... .. ....... ,
do
18,485,655
17,519,194
15,695,6711
12,924,265
Tobacr.o, leaf ..... .. .. . ... lbs
10,797,149
8,704,1150
7,830,007
6.301,98R
value . ........ $
de,
1,662,072
1,508,2!0
1,037,8:-io
1,144,102
Watcb.,sand movements .. $
8,332,288
8,883,593
8,787,420
8,419.532
Wine Ir casks ........... gals.
2,286,:!!l9
2,345.565
2,519,6i4
2,24l.68i
value ... ... ... $
do
559,201
508,788
496,757
467,001
Wine In bottles .. ........ doz.
~,049,450
4,710,520
4,4..!0,417
4,034,021
value ....... $
do
Wool and woolen goods70,59fl,170 129,084,!l58 114,088,030 118,!'.>58,753
Wool, raw ...... ........ . lbs.
16,424,4-;9
15,887,217
16,7'13,0~1
8,879,923
value ... . . ....... $
do
10,282,481
9,781,003
11,213,982
10,102,354
Cloths . ..... ..... .... ....... $
1,0:'i6,63~
1,002,820
953.071
1,056,433
Shawls ....... .. .. . .. . ..... .. $
960,775
892,9~1
947,5117
799,617
Carpets .. ... . .. . .... sq. yds.
1,421\,296
1,276,226
1,800, IP6
1,127,492
do value . ...... ....... $
78,042,186
68,657,750
85.630.007
51l,598.880
Dres" goods . .. . ... . sq. yds.
17,211,934
14,761.343
13,464,647
value ........... $
18,842,863
do
14,1125,369
14,649,927
15,915,300
10,025,683
All other wool manufact.$
K
For the
.For the 12
For the 6
month of Months en<Ud ,V onths ended
December, December 31. December 31.
10,881,461
8,07t1,082
1,158.468
1888.-Exports-Domestio ..••. $84,729,912 $375,<'63,225 $679,603,067
1,025,569
12,163,395
5,659,710
Foreign .•.••.
Total. •••••••.••••••. $85,755,481 $380,722,935 $691,766,462
Imports .••..••••.•• : •••. 60,488,104 352,6011,326 725,224,153
Excess of exports over imports $25,267,377 $28,117,609
Excess of imports over exports . -. ..... . - ..
. ............. $33,457,691
1887.-Exports-Domestio.•••. $71,962,514 $379,322,262 $703,319,692
5,588,718 11,981,352
1,267,037
Foreign......
Total.. •.••.•••••••.. $73,229,5fll $384,\H0,91:!0 $715,301,044
Imports ..•. ____ .•••..••. 52,111,228 351,338,287 708,818,478
$6,482,566
Excess of exports over imports $21,118,323 $3::J,572,693
. ..... _....•
. . _. _ . . .
Exce11s of imports over exports . _. . . . . . . . . .
GOLD AND SILVER-COIN AND BULLlUN.
1888. -Exports-Gold-Dom .. .
Foreign
Total .• •• •.
Silver-Dom .••.
Foreign.
Total .••...
Total exports .••••••..
Imports.-Gold .•••.••..
Silver .•••.••.
Total. •••.••..•••.••.•.
ExoeEs of exports over imports
E xuess of imports over exports
l887.-Exports-Gold-Dom ...
Foreign
Total. ••...
Silver-Dom . ..
Foreign
Total .••..••.
Total exports .••.•••..
Imports-Gold .••..•••.
Silver .•••.••.
Total. •••.••..••... ••• .
Excess of exports over imports
8 x:<1ess of imports over exports
~7,667,692
57,65!J
$7,725,351
$2,525,790
1,L73,823
$3,699,613
$11,424.964
$906, f OO
1,927,233
$2]°33,733
$8,5!H,231
·····--·--· ·
$352,65 2
13,334
73°65~91fo
$2,944,354
700,428
$3,644,7e2
$4,010,768
$1,805,248
1,496,481
$3,301,729
$709,039
$1,892,859
89,420
$1,9:,2,279
$10,422,149
4,982,935
$H>,405,084
$17,387,363
$38,893,325
9,245,163
$48,138,488
$5,091,551
4,052,875
$9,144,426
$19,718,967
'i,926,02l
$27,644,988
i36,789,414
$44,889,299
16,772,614
$61,661,913
..... --- ......
-...... ·-· - ....
......... ..... . $30,751,125 $24,872,499
1888.-Exports-Domestio .••. $94,92:t,394 $405,403,946 $730,824,28
4Foreign .•••..
2,257,051 10,699,021
25,010,539
Total. .•••.••..••• $97,180,445 $416,lu2,~o7 $755,834,82 3
Imports .••..••..••...•. 63,321,837 368,274,!'>70 752,092,895
Excess of exports over imports $3J,858,608 $47,~28,:i ::, 7
$3,74L,92d
Excess of imports over exports -·--·· ···-··
. --· ..... ·• · ...............
1887.-Exports-Domestic .••. $75,259,520 $391,637,270 $728,130,21 0
Foreign .••...
1,980,799 10,601,073 23,960,24 8_
Tota.I ..•••.••..••. $77,240,;;19 $40i,298,343 $752,090,45 8
Imports ..•...•.•••••••. 55,412,957 ;399,476,775 770,480,39 1_
Excess of exports over imports $:n ,827,36:.!
$2,821,50.,
...............
or __._
im.cc.P_orts
of _
Excess
··:_..:..·:...:·..:.··:...:·..:.··:.:·..:.··:.:·:..:.·~$1~,389,~33
•._._.-_·..:..··:. .:·..:..
P_ts
-=..
_ _ex
_over
___
IMPORTS AND EXPORTS BY PRINCIPAL CUSTOMS DISTRICTS.
0USTOIIS DIS- DECEMBER, 1888.
TRIOTS .AND
PORTS.
Exw,t,.
I_,.,_ ,
IMPORTS AND EXPORTS FOR THE 'rWELVE ------ - - - -I I
Baltlmore,Md.
986.365 4,700,89i
MONTHS ENDED WITH DEC., 1888 AND
Boston, Mass. 5,6tl'i.885 6,075,122
l:iuffaloCk,N,Y
21'1,4:i6
0011, 7a2
Champl'n, N. Y
atl,450
221,5tl8
1887, AND FOR THE SIX MONTHS,
52,918 8,322,~tlO
~rcr~~~·~1~·~ 1,342,834
341
Ctn ctn natl, O. •
••••...
140,1\28
JULY TO DEC., IN EACH YEAR.
Detroit, Mich.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$28,574,4.2 5
4,324,002
$32,898,427
$22,646,79 2
8,523,14 2
$31,169,93 4
$64,068,361
$12,331,090
14,537,65 2_
lj:26,868,74 2
$37,199,61 9
TOTAL MERCHANl>ISE AND COIN AND BULLION.
Includin~ m ichintir.) , but not including iron ore.
The Bureau of Statistics has issued its detailed statement of
the foreign commerce of the country for the month of December, the twelve months ended with December, and the six
months from July 1 to Ddcember 31, 1888. These statementti
are d~cidedly intensting as showing the latest returns of the
trade movem~nt for the calendar year 1888, and also for the
last Bix months of that year, since all the tables and statistics
in the article above are made f.lr the fiscal year ending June
30, to compare with the regular Government statiAtics of prior
years. The c-.alendar year 1888 w dB peculiar in respect to its
exports of d0mestic produce, imports of merchandise and
imports of gold. The trade balance against the United States,
that is the excess in value of merchandise imports over
exports, was $33,457,691 for the twelve months ending
December- 31, 1888, and the net export of gold in the year
was $20,567,337. In the year lt:!87 there was a small balance
in favor of tte United States, viz., $6:513,645; yet the net
import, f gold was f3n,633,522.
$17,907,200
225,2!l2
$18,132,492
$12,433,521
4,814,019
$17,247,540
$35,380,032
$7,290,098
8,37l:l,146
$15,669,244
$19,710,788
Duluth, Minn.
Galvest'n, Tex
Mllw'kee,Wis.
Mlnn's'a,Minn
Mobile, Ala •. •
New Orl'ns,La
New York,N. Y
Niagara, N.Y •.
Norfolk, Va . ..
Oregon, Oreg. .
8:::1~'.11;J~~
~~~~t~~~~i.11:i~:
St. Louls,Mo.•
San Fran., Cal.
Savannah, Ga.
Vermont, Vt ..
~n:i~g~~~~~a
Yorktown, Va.
432.982
247,593
2,984
2,563
86,\180 8,721,402
••. •...•
49,621
97,242
119.368
302,936
25,650
826,398 14,1196.236
88,949.IIU 28,8t!0,988
b 330
480,155
tl,ll07 2,460,Sal
&.l,5115
45
57,437
198,783
13,7t.1
2t4,406
4,218,11118 2,407,211
313,867
34,80-1
........
2L2.478
8,2£9,730 3,6H,143
88,008 4,718,092
141>,209
583.2 LIS
794,895
174,45!!
27,118 1,906,477
......... 867,004
---- - ·- -
IMPORTS.
EXPORTS.
12 months enaina
December 31.
12 months ewttn~
December 81.
188'i.
1888.
$
12,098,627
64,a::!4,582
6,443,0i5
3,Stl2,886
587,829
1S,L21.00S
2,507,:t35
3,085,306
89, Ltl9
720,066
68\l,286
837,';28
1211,&!0
13,l:ll7,1411
464.~5a,ti83
4,046,&49
8i,00i
ll4,t611
2.114,772
4,29.>.,i&l
45,U2U,143
lltl4,4611
3,061,060
48,t'Ol!,200
358,611
6,75:t,6a4
1,055,492
20l,ii92
172,281
1887.
---1887.
I
I
I
18,055,880 45,114.613 49.828,105
6i,504,5511 59,8711.375 M,666,816
tl,558,446
378,067
401,585
3,841,~65 1,698,:-rni 1,1392,1157
481,5tltl 18,U03.t128 15,288,916
12,384,21H 1.705,377 1,5117,78~
2,422,700
2,85.l,39:.l 4,4i8:ooa 4,375:990
160.044 1,204,893 8,988,139
78tl,7L8 14,496,0011 18,821,811
631,778
2,L68,773
in1f~s 782.821
78,022 3,442,619 3,3~7,35:j
10,211,8U8 80,008,145 83,977,2 18
465,1'l:3.27l& 2110,1-115,853 813.148,814
3,807,:J72
Ml.1811
b65,ll.::111
118,26:t 18,812.li•H 14,714,404
228,53i l,4111,5U8 1,208,lltl
2,::111!,247 1,689,tl57 l,768,&J4
4.,95t,u53 2,165,161 1,802,791
311,568,473 28,0:.8,798 83.889,187
1,770,123 1,48:.l,133 2,424,66.:J
8,100,:180
41,ti03,0-!l:I 34,ii7J;38i 28,iliJ°i,454
181, lll 1,,850,2:tS 23,0fjl,9011
6,942,484 1,784,897 l,4i:i3,5ti4
d6.723 5,660,590 8,d52,2 LO
138.~:IB 6,1118,144 7,0t7,9G3
473,129 6,281,ts64 9,652,75U
........
---
Totals, (ineluding all
otb'r Dlsts.) 60,488,104 85,755,481 725.224, 153 708,818,478 691,766,462 715,301,044
Rematning in warehouse D ecember 31, 188 7 . .•.. ·········-· $31,294,739
Remaining in warehouse D ecember 31, 1888 ..••••. _•...••.. $31,969,070
,. interior ports to whioh merohat1dise cJa.n be transported without
11,ppraisement, under act of June 10, 1880.
o Incomplete in the absence or law providing the means of collecting
the statistics of exports to adjacent foreign territory by railroad oars
aud otht:r land vehicles.
THE MONEY
QUOTNI'IONS,
The money market during the year 1888 was not subject to any violent disturbance, and in New York the
supply of money on call was usually abundant. The
rate for call loans was low, ranging for most of the time
at 1½@4 per cent, and only rising above the legal 6 per
cent rate towards the close of December, when 8 to 10
per c:ent was paid by some borrowers. There was nothing to cause any irregularity in the money market
except the Chicago wheat corner in September, and the
drain on Eastern cities arising from that cause was met
by the proceeds of bonds purchased by the Treasury. So
large were the takings about that time that the disbursements for bonds purchased between September 1 and
October 13 amounted to more than $61,000,000.
Taking a historical review and looking back to 1871,
we find that an extraordinary stringency in tb.e money
market began in October of that year, and continued
with little intermission for nearly two years, till the
:financial bubble burst in September, 1873. The construction of railroads in 1880-83 far surpassed that of
1870-73 both in the length of road built and the amount
of capital invested, but there was no similar pressure in
the money market; and in the years 1886, 1887 nind
1888, when railroad construction and other industrial
and speculative enterprises called for a very large
amount of money, there was never any severe and longcontinued stringency in the money market.
On the 1st of January, 1879, at the date of resumption, there was in circulation $670,472,680 in paper
money-greenbacks and national currency-besides the
gold and silver in various shapes which became available
as currency when specie payments were resumed by the
Government. The total increase of coin and currency
of all kinds between January 1, 1879, and November 1,
1888, amounted to $643,350,753. The following statement shows the volume and form of the currency at
various dates since the resu11;-ption of specie payments.
COIN AND CURRENCY IN THE UNITED STATES,
Jan . 1, 1879. Julv 1, 1885. Nov . 1, 1887. Nov . 1, 1888.
---- - - - - -~- ---Gold coin and bulllon ... .
Silver dollars ........ .. . .
Silver bulUon ........... ..
Fractional silver . . ..... . .
National bank notes . . .. .
Legal tenders ..... ... .. .. .
•
•278,310, l26
22,495,550
9,121,417
71,021,162
823,791,674
346,681,006
•
M!S,697,036
203,~.381
4,654,586
74,939,820
818,576,711
346,681,006
•
695. 130,3 75
276, 716, 157
11,688,032
75,758,186
272,041,203
346,681,016
•
711,705,050
809, 780, 71:JO
10,559,114
76,660,481
239,885,287
346,681,016
Total in United States. . 1,051,420,935 1,537,433,540 1,678,009,069 1,694, 771,688
Of which--
In Tre&11ury ......... . .... .
In hands of people ...... .
223, 704,886 278,488,822 311,891,621 286,900,020
827,7lff,549 l,~,944, 718 1,866,118,348 1,407,871,668
Total as above ..... . ... . • 1,051,420,935 i,587,433,:'>40 1,678,009,969 1,69t, 771,688
MARKET.
1881-1888.
rency, and required banks in redemption cities to keep
reserves of 25 per cent of deposits and circulation, and
other banks 15 per· cent ; the act of July 12, 1870,
authorized th~ issue of $54,000,000 additional circulation ; the act of June 20, 1874, abolished reserve on
circulation; the act of January 14, 1875, repealed all
limit to bank circulation ; also authorized purchase
and issue of silver in place of fractional currency,
and fixed the first of January, 1879, for redemp•
tion of greenbacks in coin; the act of February 28,
1878, directed the purchase of silver bullion to the
amount of $2,000,000 to $4,000,000 per month and its
coinage into legal-tender dollars, under which act the
coinage of over $2,000,000 per month has since been
carried on, the amount of dollars so coined up to
January 1, 1889, being $315,286,190; the act of May 3,
1878, prohibited the retirement of greenbacks, silver
certificates, &c.
The silver dollars had greatly accumulated in the
Treasury, when in August, 18$6, Congress attached to
the Sundry Civil Appropriation bill a provision authorizing and requiring the Secretary of the Treaeury to
issue silver certificates in denominations .of one, two and
five dollars.
to that time no denomination of less
than ten dollars could be issued. In ·remarking upon
the new provision two weeks after _its passage (CHRONICLE August 21, 1886) we stated that it "conferred
"upon the Department the power of making every one
"of its silver dollars now lying idle in the Treasury,
" and all it may be compelled to coin in the future,
" avail'able," * * * " and it puts out of · reach
" of any combination of circumstances the embar" rassment of the Treasury again for years to come."
At that date the Government ti-eld in its vaults $93,959,880 of idle silver dollars,-that is dollars on which
no certificates had been issued,-and has coined since
up to the 31st of December, 1888, a further amount of
$79,542,904, making at the latter date its idie stock (if
outstanding certificates had not been increased) $173,502, 784. Instead, however, of holding that amount
idle, the Government's position was as follows December 31, 1888.
Up
Standard silver dollars in Trea.sury ........................ $254,406,869
Silver oertitioates in oiroulation......................... . .. 246," 19,999
Net holdings silver dollars December 31, 1888. .......
$8,186,870
The Director of the Mint gives in his annual report
the gold value of the silver dollar (based on the price of
silver in London), since 1872, as follows:
I
GOLD BULLION VALUE OF SILVER DOLLAR.
•T
- he gold for Ja.n . li 1879, is given ~s estimated at tha.t_tim~. Mr. Years.
Highest Lowest. Aver'ge Year.--.
Bighe11t. Lowest . .Aver'qe
Kimball, the prese~t Dll'eotor of the ~ t , has made deduot1ons m this 1873.. . .... $l'0l6 $0·981 $1·004 1881•.••••. $0·896 $0·862 $0•881
item sino~, an,_d e~t1,m ates the amount m the oountry on July 1, 1879. , 1 874, ...... 1 .008
,9 7 0
·98S 1882.......
887
•847
•878
&li only $245, , 41,837.
1875....... •977
•941
•964 1883.......
868
·847
·858
The principal acts of Congress relating to the cur• 1876.. .•. .. •991
•792
·894 1884.... .•.
. .
I
f
.
.
, 1811. . . .••. ·987 ·002 •92911885... ....
rency, and a:ffectmg its vo ume rom time to time, were , 1878....... :936 :s3lJ :soi 1886.......
·
The nationw.
· -1 ba.nk act of J une 3, l 864, ·, 1s80
1879..... . .
911
828
868 1887... ....
the followmg :
...•. ·• •896
·875
•886 1888*......
uthorized the issue of $300,000,000 µational bank cur- * Fisoal year ending June so, 1888.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
871
·847
:791
799
k'766
·839
·794
· :112
733
·706
·861
·s23
:709
758
1·750
THE MONEY MAJU{ET.
24
QUOTATIONS FOR CALL LOANS AND COMMERCIAL PAPF.R.
Quotations are compiled from rates currPnt each week for sall 'oans in th 1 New York monPy market. Lowest prices show
the best rates on prime collaterals;_highest prices show the extreme points reached on temporary spurts in the loan market.
1881.
1886.
'i~-ii~~~
Call Loans.
J an. 7 .. 4 @6
" 1 4 . . 4 @6
" ~1.. 4 @6
" 28 .. 3½115
F e b. 4 .. 3 @6
" 11. . 3 @6
•, 1 8 .. 3 1i)(j
" 25 . . 3 @6 & 1 Jl.
.llch. 4 .. 5 @6 & 14 p.
'· ll .. 51i-6
" 1 8 . . 4 'li)6 & 164. p.
" 25 .. 4 '@6
April 1 .. 4 '6~6 & 116 p.
"
8 .. ::l ·a>o
" 1 5 .. 3½1i>G
,. 22 .. 3 '@ 6
2 9 .. 3 @5
j,ray 6 .. 3 1i>6
•· l:" . 2 @4
" 2ll .. 2 1ii4
" 27 .. 2 •d)4
Jnne 3 . . 2 @4
" 10 .. 2 'a) tj,
," 17 .. 2 @6
" 24 .. 2 'ii,3½
Jn y 1. . 2 @4
I:~~~r~.
5 @5½
5 @512
;'> 1il5¼
5 @5½
5 @5½
5 a'6
5 'li)6
d. 5 @fi½
d. 5 @ti
5½11)6
d. 5 'ii!6
:1 @6
d . 5 1i> 6
5
@6
5 ·a>5½
5 1b5½
4½ ·w5
4 'ii>5
4 1Z4½
3½'1i>4½
:-:i½'1i>4
3 a.>4
3 @4
3 ·w4
3 @-!
3 @4
Wkend'oPl'ime ·
Friday~
Call Loans.
Papn.
July 8 .. 2½'@6
4 @4½
" 1 5 .. 2½@4
4 @4½
•• 22 .. 2 w 4
3 @4Ir
.. 29 .. 2½@4.
3 @412
Aug. 5 .. 2 'Iv-!
3 @4½
" 12 .. 2 @3½
4 @5
" 1 9 . . 2 12@6 & 315 p. d . 5 1i>6
" 26 .. 5 @6 & 11 6 µ . d. 5 @6
Sept. 2 .. 5 @6 & 116 p . d. t> @6
"
9 . . 4 1i> 6
5 @6
., 1 6 . 4 @6
5½ ·a.>6
,; 23 . . 4 ·a,6
5½1i>6
"30 .. 5 1t6& t 1F p.d.5½@u
Oct. 7 .. 5 @6 & is p. d. 6 @ll¾
·• 1 4 .. 4. @6 & 116 p. d . 6 ·@6½
" 2 1 3 @6
6 @6½
" 28 . . 4 'ii 6
6 1i> 6 ½
Nov. 4 . . 3 @6
6 '@6½,
" 11 . . 3½@6
6 @6½
" 1 8 .. 31:.,1i' 6
6 @H½,
" 2 5 . . 3½W6 & 132 p. d. o •iJ,6½
D ec. 2 .. 3½1i16 & 1 16 p. d . 6 'ci)612
"
9 . . 3½@6 & -¼3 p. d. 6 w612
" 16 .. 3½'<iJ6 & 1 16 p. d. 6 $6 12
" 23 .. 3 1i> 6 & 1 ir, p d. H 1i> (l :2
30 .. 2½11>6 & lf r, t>• d. 6 @6½
Call
Loa ns .
Wee.1rendiug
Friday.
Prime
Paper.
--Jan. 6 .. 3
Call Loans.
" 16 .....••.
" 23 . • .. ••..
" 30 .....•..
Feb. 6 ......•.
" 13 . •.. ..• .
" 20 .... ..•.
" 27 .....•••
Mch. 6 ......•.
" 13 ... . ... .
" 20 .. ... .. .
" 27 •... . ...
April 3 . . . .. •.
" 10 ..... .• .
" 17 .....• • .
" 24 .....•..
May 1. ...... .
lg'@ 2
1
@
½1i>
lg@
lg@
1
1
1
1
@
@
@
@
½ ·@
2
1½
1½
2
2
3
2
2
1111
lg@ 2
½@ 2
½·m 1·¼
½1i> 3½
1 @ 1½
1 1il l½
"
8 ..... .. . 1 1b l½)
½ @ 1½
" 15 ......•.
½'@ 4
" 22 .. ..... .
" 29 .. ...•.. 1 '@ 1½
June 5 ..•• . • •. 1 1i> 2
½@ l½
" 12 .....•. .
12@ 1½
J ., 19 . ... ..•.
" 26 ....... . 1 @ Ilg
1
@ 2
July 3 .....• ..
@512
" 17........
@5
" 2-l... . . . . .
4 @5
" 31. ...... .
4 @5
Aug. 7 ........
" 14 . ... ..•.
4 @5
4 @5
" 2 1. ... ..•.
4 @5
" 28 ..... .. .
i @5 Sept. 4.. . .....
4 @5
" 11. .... ...
4 'al5
" 1 8.. .. .. ..
4 @5
" 2 5.. .. . ...
312'@5
Oct. 2 .. .. . . . .
3½w4½
9.. .. ....
3½@4½
" 16 .... ....
3½"@4121 " 23 ........
3½ @4
" 30 .. . . .•• .
3½.@4
Nov. 6...... ..
3 ½.·co-1
" 1 3 . .... ...
314@4
" 20 .... .. . .
4
4.
~~:!
31411)4
.l
3
3
----
'al6& 1s p.d.6 @6½
5 ½ 1i)6
'ii!G
'al6
5 @:5½
'tt5
5 1i>5½
@6
5 1i>6
@6
5 @519
'0)6 & 1 32 p.d. 5¼@6
p.d.
5121i>6
24 .. 2 ½ w6 & 1s
Moh. 3 . . 2~'ci)6&t 64. 1 16p .d 5121i>6
5½@'3
" 10 .. 3 @6
u 17 . . .:l @fi
5 •a>6
5 ½ @6
24 .. 2121i>6
" 31.
. B @6
5 w6
April 'i . . 4 @6 & 132 p,d. 5 w6
5 @5½
" 14 .. 2½ 1i>6
21.. 2 '@5
4 ½1i>5
@5
4½@5
28
..
2
"
Ma y 5 . . 2 @4
412w5
1 2 .. 2 @ J.
4 @5½
.. 2 @-!
l½1i>5
" 19
'@4
20
.
.
2
5 'al5½.
"
June 2 .. 2 @4
4½1i>5
2 ·@4
4½1i>5½
" 169 ..
5 @. .
" 23 .... '.!2 @3¼
@4
5 'al5 ½
"
5 1i>5½
" 30. 12 •@9
,,
..
..
.
Call Loans.
Prime
Paper.
- - ·~ - - - , ,-- ---1½@5
July 7 .. l½'cZI 4
.
14 ..
21..
" 2.3
..
Aug. 4 ..
11. .
..
" 18
" 25 . .
Sept. 1. .
" 1 85 ..
" 22 .. ..
" 29 . .
"
Oct.
., 136 ....
., 20 ..
.
.
..
2 'a) 4
2 1li 3½!
2 1i) 5
2 1i> 4
2 '@ 4
2½@ 7
2 'a) 7
3 'a) 6
4 'aJlO
4 'a) 8
4 @ 8
5 1i>20
5 @20
3 1i> 7
3 1i) 6
27 .. ::l
Nov. 3 .. :,
10 .. 4
" 17
" 24 .... 3
1
"
D ec. 1.. 3
8
..
3
" 15 .. 3
"., 22 .. 3
" 29 .. 2
'ii'
6
@12
@25
w 7
@30
'ci) 10
'a) 6
'a)
1i)
6
6
1i> 8
!½ @5
4 'a)5
4 '@5
5 '@5!.
..
9 ...... . .
"
lfL ...... .
"
23 .... ••• .
Mch. 2 •.•• .•• .
"
9 .... .•• .
Call
Loans.
3 '@12
2 1i> 6
2 @ 6
2 'al 5
2 'a) i'i
2 @ 5
2 'a! 5
2
'@ 5
3
@
H
~
'al 15
5 @17
5 ·@25
4 '@l'J
4 ,&20
4 W 7
3½'@ 6
" 16 .. .. ... .
,. 23 . ...... .
" 30 . ... ... .
.April 6 . •..• ..
" 13 .. ... •. .
" 20 ... . ... .
" 27-..... . 3 0J 6
May 4 . .. .... . 3 w lO
.. 11. . ..... . 2½@ 5
" 1 8 . . ... .. . 2 ra> 4
" 2 5 ... . ... . 1 @ Rlg
June 1. . .... . . 1 'al 3½
"
8 .....•• .
]
., 15 ....... . 1
" 22 .. . . ... . 1
" 29 . . . .. .. . 1
@
@
3
3
1i> 3
aJ 3
Prime
P aper.
5½1i>6
512@6
5 @6
5 '@519.
,5 'al5½
5 @5½
5 '@5¾
5 @5½
5 ½ '@ti
6 ·aJ6½
fi '@ 7
6 @7
6 1i>6½
6 w6½
5½@6
5½"@()
·@6
@6
5 , @6
5 @6
4½ ,zl{
4 @6
4 @5½
4 @5½
4 'al512
4 'al5 ½I
5
5
5
'@6
Ca ll
Loa ns.
1 '@ 3
1 1JJ 2½
1 @ 2¼
1 @ 2½
1¼@ 3
1 1JJ 2¼
1 @ 2¼
1½@ 2½
1½@ 212
1 @ 2
1 •@ 2
1½@ 2½
1½@ 2 12
l½'w 2½
2
" 11 ..... .. . l½'al
i. ½11) 2
18
..
•.
.•..
" 25 . •...... llg'@
3½
"
M:!°y 2 ........ l½@ 312
9 .•.. .. .. 1½@ 6
. .. ..... l½@ 5*
" 16 ........
1 11) 6t
" 23
30
. . .... .• 1 @ 8
"
J une 6 . ... . ... ] @ 4
13 ........ 1 1li 3
20 ...•..•. 1 'a) 3
..•. 1 ·@18
" 274 ... . ........
1 '@ 6
July
• .Alld 3 per diem.
.
."
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Week e nding
Friday.
Julyll.. ••.••.
" 18 .•••....
" 25 ..••••••
A1;,g. 1 .....•••
8 ••.... • .
........
" 15
22
.. .. ..• .
" 29 ........
" 5 ..... ...
Sept.
" 12 ........
19 ....... .
" 2t>
•. • •.• ••
"
Oct. 3 ........
10 ......•.
" 17
•.
"" 24 .....•
......•.
4
" 31. . . ..••.
4 @5.lg Nov. 7 .....••.
4 @5½
" 14 .....••.
4 @5½
" 21 ..... . ..
4 -a6
" 28 .. • . • •• .
5½@6
Dec. 5 .. .. .••.
5¼@6
•....••.
" 12
.••..••.
5½1i>6
" 19
5¼@6
26 .... . .•.
"
5½@6
" 31 (4dya)
5lg@6
t And ¾ per diem.
Prime
Paper.
5 @6
4 @6
4. @5½
4 @51g
4 @5½
4 @512
4 @5lg
4 @5½
4 @5½
4 @514
4 @514
4 @514
4 1i>5¼
4 @514
4 @5½
4
:g::I
I
Jan. 8 ..•..••.
., 15 . ... .••.
" 22 . •. . .••.
" 29 .....••.
Feb. 5 . ...... .
., 1 2 ....... .
" 19 ...... . .
" 26 ....•••.
Moh. 5 . ...... .
•• 12 ... . ... .
" 19 ....... .
" 26 ...... . .
April 2 ....•.
~L::::::
1 11)
1 @
1 @
1 1i>
1 @
1 1i>
112 @
l½@
llgii!
1 'a)
1½·@
1½@
1½·1i>
1 'al
112@
1½1i>
1½@
1 'ii>
l½@
1½1i>
l½ a>
1½'@
1 @
1 @
1 1i>
1 @
Wee11:ending
Friday.
Week ending
Call
Friday.
Lo n.us.
July ti • • •••••• 112@ 3
., 13 . .. .. .. . 1¼1i> !l
,, . 20 .. ... .. . 1 ½@ 3
" 27 .. .. ... . 1 @ 2½
1½1i> 2.lg
A~.g·1t::::::: ]½@ <'
" 17 ..... .. . 1½ @ 6
" 24 ..... .. . 1½ @ 3
" 31 .. . . . .. . 1½@ 3
Sept. 7 .....•.. 2 @ ~
., 14 .. . .. . . . 2 @ o
" 21 ...... . . 1 ½@ 3
" 28 ....... . 2 1i> 3
Oct. 5 .... ... . 1½'@ 4
., ] 2 ....•.•. 1½@ 2½
" 19 ..... .. . l½W 4
" 26 ..... .. . 1½@ 4½
Nov. 2 . . .... . . 2 'iJJ 4
"
9 .... . . _ 1 @ 3
" 16 . . . .... . 1 1i> 3
" 23 ...... . . l~@ 2¼
" :'i0 .•••• • •• 1½@ 212
D ec. 7 ..... .. . 1 @ 5
" 1 4 . . ... ••. 1 'ill 3
" 21 ..... .. . 1 1i> 3
" 28 ... .... . 1 '@ :3.
Jan. 7 .... .••.
" 14... . . .. .
" 21. .......
" 28 ........
Feb. 4 ..... ...
., 11.. .. .••.
" 18 .....•• .
,, 25 .. .. . . ..
Moh. 4.. ... .• .
•• 11 .. . .....
" 18 . . .. . .•.
" 25 .. ... .. .
A.pril 1.. . . . . . .
"
8 ... •. •• .
" J 5.... .. . .
" 22........
" 29. . .. .•. .
May 6... .....
" 13 ........
" 20.. .. . . . .
" 27 .•...•..
June 3 .. . . .•• .
" 10. . .... . .
" 17 ••.•.••.
"24 •• •. ....
July 1. ••... . .
...
1884.
W ee K ending
Friday.
Jan.
., 114(3d'ys)
.•.. ..•.
" 18 . •. . ....
25 .... . •..
"
Feb. 1 ......•.
" 8 ... .....
" 15 .. ... ...
" 22 .....••.
29 ..•..••.
Moh. 7 .........
" 14 ....... .
· " 21 ...•. ...
" 28 ..•• ....
April ,L ......
11)4
L::::::I 1~½!'(/) t:1
D~•c.
" 11. .. . . .. .
3u 1 8.. .. ....
" 2fl..... ...
1 .. . 31. ••. . . . .
Wee.1rending
Call
Prime
Friday.
,__
Lo_
an_s_ ._ , Paper.
5½1i)6
51!!'@6
5 12'@6 ~
6 'al6 1,
6 '@61,
6 1i>7
"
9 ...•. .• .
7 ~9
" J6 . . . ..••.
7 1i>8
" 2L . •..•..
6 @7
" 30 .. . . . .. .
6 @7
6 'aJG ~ May 7 . ... . ! . .
"
14 ....... .
@7
6
" 21 . . .. ... .
6 @7
"
28 .... ... .
6 0, 7
June 4 . . ..... .
6 11)7
"
11 ....... .
6 @7
6 @6 ½
::
5½1i>6
July 2 ....... .
5½iv6
5½ 1i> 6
1883.
WeeR: endin g
Friday.
Jan. 5 ..••.• • .
•. 12 ....... .
" 19 .... ... .
" 26 .... ... .
.feb. 2 ....... .
1i>4
@4
2
½@ l½
½1i> 2
1 @ 2
1 @ 2
l @ 2
1 @ 2
1 @ 2
1 @ 1¼
1 @ l½
1 1i> 112
1 @ 3
1 @ 3
1 @ 3
1 1i> 2
1½@ 3
11.g·@ 4
1 @10
l ½ 1i> 3¼
2 @ 4
'@4
2 !\'<l414
234'al 414
234'al4 14
2llt 1i> 4½!
2~@4½
3 @4¼
3 @4.lg
3 'al4½
3 @4¼
3 @4 ½!
3 @412
3 @412
3 @412
3 •@4½
4 1t4 ¼
4 @412
4 '@4lg
4 @5
4 @5
4 @5
4 @5
4 @5
112@ 212 4 'a/5
4 @5
112@ 6
4 @5
2 'iJJ 5
1886.
I'rime Wkend'g
Paper. Friday.
., 13 .. 2
.. 2
" 20
" 273 .... 22
3'eb.
.• 2
.," 10
l"/ .. 2
Prime
Paper.
-----1
-----1
---- -----------13
lg@ 1½ 4½1i>5½ JulylO .. .. .... 1 @ 2
Jan. 9 .. •...•.
1882.
Wl;: end'g
Fdday.
Call
Loans.
WeeJI ending
Friday.
Call
Loans.
1 @ 219
½@ 212
¼@ 2
½'al 2.lg
1 @ 2
½@ 2
1 'a) 3
1 @ 3¼
1 1i) 2
1 @ 3
1 @ 2
1 1li 3
1 @ 3
1 @ 3
1 @ 2
1 @ 3
½ '@ 4
1 @ 3
¼@ 2
lg@ 1¼
½@ 2¼
1 @ 3
lg@ 3
1 1JJ llg
1 @ 112
1 0 119
Prime
Paper.
5¼1i>61t
5lg'll'61t
5½@619
5¼1i>6¼
5 @.6
5 @6
5 @6
5 @6
5 @6
5 @6
5 @6
5 @6
5 @6
5 @6
5 @6
5 @6
5 @6
5 W6
4lg@6
4lg@5½
4¼@5lg
4¼@5½
4½@512
4½a5lg
4¼@5¼
4lg@51s
5
3
3
2
3
2
4
2'-2
4
21g
4
4
5
3
21f;i
4
4
5
3
2¼
7
3
7
6
3
9
Ca ll
Loans.
1
!
w
@
8
6
6
Prime
Pa.per.
4 @5
July 9 . .. ...•. 1 @ 3
31,('@4
3½'@5
" 16...... •. 1 @ 3
314'<l4
3½@5
" 23..... ... 1½1i> 4
314@5
3lg'1i>5
" 30. . .. . . •. 1½1i> 3
312@5~
3½11)5
Aug. 6. ... . ... 11,:@ 6
3lg@514
3141i>5
" 13 .. •. . . .. 2 @ iO
414@6
3 @! 141 " 20 ..... .• . 3 @20
5 @6
3 @4 14
27.. . . . .. . 2 '@ 8
5 @6
"
'.l -w-114 Sept. 3 .. .. . . . . 2 @ 8
5 @6lg
3 @4½
" 10...... .. 1 @ 7
5½@tilg
3 1i>4lg
" 17 .... ... . 4 @10
5½@6
3 @5
" 24. ... .... 3 @ 7
5½'@6
312'@5
Oct. 1.. ...... 4 @15
5½@6
312w5
"
8 ..... ... 3 @10
5½@6
3 ½ @5
" 15 ...... . . 2 1i> 7
51s•@6¼
3½"@5
" 22 .. .. . . . . 2 @ 8
6 @6¼
3½ @5
" 29. ... . ••. 2½'@ 6
6 @6¼
3lg@5
Nov. 5 .. . . . . .. 4 @ 7
512@6¼
3 ½@4½
" 12 .... .... 4 @ 61g 5 lg@612
312@4½
" 19..... . .. 3 ® 7
5½ a 6¼
3½-.z4 ½
" 26 ... . .. .. 4½@ 9
5 @6lg
3½@-112 IDec. 3 ..... ... 5 1i> 9
5 @6 12
3½'@412
" 10..... .• . 3 'ill 9
512'@6111
3¼ W412
" 17 .... .... 4 •10+½p.d. 5¼'m6¼
314W4
" 24. .... .. . 2 @ 8
6 @6111
314@4
" 31...... . . 1 3 'iv 8
5 @6lg
Prime
Paper.
'al6½
@6
@6
2½@ 5
5 @5½
2½1il 5
4lg@5½
3 1i> 5
4 12'@5
1½@ 4¼ 4½@5
2 1i> 5
4½'7!5
2 @ 7
-1.¼'<1>5½
2 @ 7
5 @512
3 @ 7
5 @6
2lg@ 8
5 @6
3 @ 9
5 @6
3½@15
5 @6
3 ·@ 9
5 @6
3 @ 6
.5 @5½
212@ 7
5 @5 12
3 @ 8
5 @5½
3 @ 7
5 @5½
3 1i> 6
5 @5½
3 1il 8
434@5¼
4 '@ 7
4%@ 5¼
3 'a) 5
4¼'i1!514
2 @10
i¼@5¼
3 "iv6t3spd4¼@5½
3@6 +14 p.d 5 @6½
3
2
Call
Loan s.
Week ending
F riday. •
5
5
5
Week ending
l!'rida y.
July 8 . .•..•• .
" 1 5 .. .... •.
., 22 .. ······
" 29 .. . . . .•.
Aug. 5 ... .... .
" 1 2 . . . .... .
" 19 .. . .. .. .
" 26 .. ..•••.
Sept. 2 .....••.
"
9 ...•..•.
" 16 ....... .
" 23 ... ... . .
" 30 .
Oct. 7 ... : . .•.
" 1 4 .. .. ... .
" 21. . .. ... .
" 28 ....... .
Nov. 4 . .. .... .
" 11. ...... .
" 18 .....••.
" 25 .••••.•.
Deo. 2 .•••••..
"
9 .••• • ••.
" 16 . •••..•.
" 23 .••...• .
" 30 .••..•..
Call
Loa ns.
3
3
2
@10
'ciJ 6
@
5
3 ® 6
31,:@ 6
3
3
1i> 8
@ 7
3
@
@
@
@
@
3
3
3
7
8
7
7
3
7
4 1i> 7
3 1i> 6
3 @ 5
2½@ 5
3 @ 6
3
3
3
3
2
4
4
4
4
5
1i> 7
@ 6
@ 7
@ 7
'@ 6
@ 5
@ 6
1i> 7
@
Prime
Paper.
512@6½
6 @6¼
6 @612
6 @612
6 @u¼
6 a>6¾l
6 @612
6 @7
6 @7
6 @7
6 @8
6111@8
6 @8
6 @7
6 @7
6 @7
51s@6111
5¼1t 6
511!'al6
5½@6
5¼@6
5½@6¼
512@6¼
5¼'iD6¼
511)@6111
5lg@6111
1888.
Call
Loans.
WeeKending
Friday.
J a.n. 6 ... •.• •.
13 ..•...• .
" 20
" ..• •..• .
3
'a)
3 @
3 '(})
1 @
2 @
2 1li
2 @
2 @
2 1li
2 'a)
2 1li
112@
6
5
4¼
4
3½
3
3
2¼
5
Prime
Pa.per.
Week e nding
Friday.
July 6 . .......
" 1 3 .. ... .•.
.•... .•.
" 20
" 27 .... .•..
A~g. 3 . .....•.
10 .. ......
17 ... . .••.
" 24
.•...••.
" 31
... • ..•.
"
Sept. 7 ..... .. .
14
........
"
.•
" 21.
28
" 5 ... :: ::::
Oot.
12 .....••.
" 19
. . ....•.
" 2t1 .•.
... •.
"
Nov. 2 ... ..••.
9
.•.•.••.
" 16 ....••••
" 23 ••.•.••.
" 30 •••.•••.
"
D~.O· 7 ...•.•••
14 •.••••••
21 ..•••...
311)@4½ I t"" 28 ...•••••
5 ½'i1!6½
5½W6
5½'@6
434 @5 ½
434@5½
4½.@5
4½1i>J
4½1t 5
-1.3411! 5 '4
4341i>512
4lg'@ 5 1i!
41!;@6
5 @6
5 @6
5 @6
5 @6
4~@5½
4.34@5½
4341i>5 ½
4½@ 5 14
4 @5
4 'ii) :'\
4 @5
4 @5
3¼@4¼
" . 273 ....•...
..•.....
F eb
,, 10 •.......
17
.•....•.
" 24 .•••.••.
M"ch• 2 •.•.. • •.
3
••... .•.
" 9 ......•.
3
" 16
3
23
••.
.•
••.
" 30 .•.• • ••. llg@ 6
" 6 .. •.. ••. l½@ f>
April
" 13 ..•..••. 1¼@ 3
.••...•. 1½@ 3
" 20
" 27 •••..••. l½'il! 4
May 4 •••...•. 112'@ 3
" 11 ..•••••• 1½-W 3
18 .••...•. 1 @ 2
" 25 .....••. 1 'ii> 2
June 1. .•..... 1 1li 2
1 @ 2
"u 158 ........
•••••••• 1 @ 2
22 ... . ..•. 1 @ 2
29 . ••..••• 1 @ 2
- •--- -·
-.* December 31 call loan& reached 10 per cent.
.
.
-"
·---
Call
Loans.
1 @ 2
1 'ilJ 2
1 @ -2
1 @ 1¼
1 @ 1½
1 1li llg
1 @ 2½
1½'@ 2
1½@ 2
l½@ 4
11::'m 4
2 @ 4
1½1i> 4
1 ½@ 5
2 1i) 5
1½@ 3
1½1i> 2½
1½@ 2½
1½'@ 2½
1½11) 3
0
@ 4
.2 @ 4
2 '@ 4
2 @ 6
2 @ 6
3 @ 8
Prime
Paper.
--3 @412
3¼'@4lg
4 @412
4 @4¼
4 @-1¼
4. @4¾
,l @4¼
@5
4 @5
41t@51s
4¼1i>tl
5 @6
4 34@6
434@512
4 34@5¼
434@512
4¾@5¼
4½'it514
4½@5
4½'@5
..
4¼@5
4¼@5
4½@5
4½'@5,,.
4¼@519
5 @5111
MOVEMENTS OF GOLD AND SILVER.
UNITED
STATES
AND
EUROPE.
GOLD AND SlLVER PRODUCTION SINCE 1851. gold production reduced two million dollars from the
1887 statement.
We have no authority for these
The very useful statement of gold, silver, lead and
· changes other than Mr. Valentine's results, which furnish
copper production of the States and Territories west of
a presumption that the Mint's gold total will be somethe Missouri, made up by Mr. Valentine, of Wells, what less than the total for the previous year, and that
:F argo & Co. , shows quite a falling off in gold, th e its silver will be somewhat larger. At least as to a larger
total being $ 29, 987, 702 in 1888,. again st $32, 5oo,o57 in silver production, such a result seems quite probable.
1887, but a large increase in silver, t\ie production
The high prices which have ruled for copper and lead
being stated at $ 53 , 152, 747 in 1888, again st $50, 833 , 884 would seem to warrant an increased estimate of the white
in 1887, which is the largest silver production Mr. Valen- metal from the argentiferous copper and lead ores. Mr.
tine has ever recorded in his tables. These compilations, Valentine also gives the Mexican production of both gold
tis known, have always been based upon the transport- and silver. According to these results, there appears to
ation movement, and the aggregate result as shown, Mr.
Valentine thinks may be relied on with reasonable con- have been no material change the last two years in the
output of the mines yielding either metal. His totals
fidence as approximately correct. The total for each are as follows from 1877_ 78 to l887-88.
S.tate (including arrivals from British Columbia and
West coast of Mexico, and covering g?ld, silver, lead Mexico's .Production.
Gold.
Silver.
Total.
-------$24,837.000
- - - - $25,584,000
and copper) is as follows. We add for compa!·ison 1877-l878 ................
$747,000
1 878-1879 . ....... . . ~ .....
8 81 ,060
25,125,000
26.006,000
similar figures of Mr. Valentine's for previous years.
1879-1880 ...... - .........
94.2,000
26.800,000
27,742,000
PRODUCT OF GOLD, SILVER, LE .AD A.ND COPPER.
States and Territories.
1886.
1885.
1887.
18 8~.
- - - - - · • - - 1- - - - -1- - - - - , - - - - - -1-- - - $
$
CaWornia. ...... . .... . lf'i,036,672 14,690,385
Nevada... . ...... .... 9,213,121
9,169,920
Oregon.... ... ..... ..
Washington... . .. . . .
Alaska.... . . . . . ... . . .
Ida.ho.......... ....•.
Montana .....•.. . ...
Utah.......... . .. . ...
Colorado . . . . ........
New Mexico..... . . . .
Arizona.... ......... .
Dakota.... .... .... ..
Mexico (W.C'stSt'tes)
British Columbia.. ..
607,405
703,217
109,050
164,694
251,000
44.4,975
4,423,3561 7,733,500
14,224,512 20,840,000
8,926,734
8,631,595
21,372,000 25,000,000
3,825,763
3,821,871
6,595,146
6,103,378
2,726,623
2.856,687
2,261,044
2,lOo,694
608,834
742,845
$
13,662,923
$
12,063,468
10,232,453 12,305,6 03
950,000
701,566
160,000
124,112
609,000
820,000
8,240,000
8,6i-5,000
25,483,275 32,376,000
7,637,730
7,557,241
23,293,000 26,755,500
4,229,234
3,209,279
5,771,550
5,123,868
3,058,605
2,943,932
762,0351 1,196,623
556,154
479,400
Total .. : ..... .... 90,181,26(' 103,011,761 ~4~ ill~~
The gross yield for 188i, shown above, segregated, is
approximately as follows.
Gold
(26 65-100).... . .. . ........ .. . . . . . . . . . . . . . . . . . . . . . . . . $30,468 ,052
Silver (47 53-100) .. ...... . .. ... .... .. . ...... ... . ........ ...
54,34 8 ,420
0opper (15 97-100) .. .... . . . . ..... . .. .. ......... ... .... ......
18,261,490
Lead
(9 85-100)..... . ..... .. . . ... . .. . . . .. . ... . . . . . . .. ....
11,263,630
Total. ............. ............ . . . . ....... . ............. $114,341,592
All these figures include, as stated, "British Colum" bia and receipts by express from the West Coast States
"of Mexico." Deducting these we have left for the
United States production in the "States and Territories
"west of the Missouri River " for the four years given
above the following amounts. For aomparison we add
a column to show the United States Mint estimates of
gold and silver for the same years.
l\fi. Valentine's estimates.
Lead.
1884...
1885...
$6,881,091
Co~~~ ~ilve_r.
7,868,036
44,516,599
Gold.
Silver.
I
26,898,756
51,600,000
81,800,000
1886...
9,lsri,1921
52,186,8511 . 20,561,4241 51,000,0001
85,000,000
9,681,078
10,862,746
00,833,884
82,500,0671 C,8,857,000
83,000,000,
1888...
11.~63,680
18,261.400
53,152,747
29,987,702
81,000,000
55,857,000
The totals for 1888 in the last line of the last two
columns of the above table, under the: head of "Mint
Estimates," are not estimates of the Mint (its figures for
1888 not being ready yet), but simply two million dollars
~dded to the Mint's figures for silver for 1887 and its
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
1,013.000
937,000
!j56,000
1.055,000
914.,000
1,026,000
1,047,000
.1,031,000
-$10,549,000
---
29,234,000
29 ,329,000
29,569,000
31,695,000
33,226,000
34,112,000
34,600,000
34,912,000
30,247,000
30.266,000
30,525,000
32,750,000
34,140,000
35,138,000
35,647,000
35,943,000
-- ---- -
$333,439,000 $348,988,000
These figures are for some of the back years a little
larger than the .Mexican returns ?btained by the Mint, but
for 1887 the Mint figures are suddenly increased, the
total as given for that year being considerably in excess
of Mr. Valentine's total. We think, however, there is
little question of the substantial accuracy of the results
contained in the above table. There has been no sudden
change in the coinage ; that has continued at a slight
increase from year to year, and there is no reason to
suppose that the export .of silver bullion and ore (an
uncertain item at best) has been added to so largely.
The coinage of silver in 1883-84 was $25,377, 379, and in
1887-88 it was $26, 711,000, the changes for the intervening years being small, thus showing a steady but
very limited growth.
With regard to Australasia we have one year later
returns of gold production, and they show a little improvement. We give ounces and values for 1887, with
the totals since 1851, each colony being stated separately.
PRODUCT OF GOLD IN A.UBTRALABUN COLONIES.
Gold.
1887... ,
9,276,7551
Total. .................
Mint estimates.
$6,0Sd,252 $48,52!:l,925 $25,188,567 $48,800,000 $80,800,000
8;562,991
1880-1881. ...............
1881- 188 2 ............... .
188 2-1 883 .......... ~ . ....
188 3-1884 ............... .
188 4- 18 8 5 ................
1885- 1886 .......... ~---··
188 6-11- 87 ................
1887-1888 ................
· 1851 to 1887.
Colon y.
Estimated
Quantity.
Value.
Oz.
£
Victoria . .. . . 54,893,182 217,572,728
N. So.Wales . 9,743,844 3d,180 429
Queensland .. 5,181,219 19,134,266
197,078
778,261
So. Australia
- --
---
Total of Australia .. . ... . 09,515,323 272,61f:,684
TMmania .. ..
446,390 1,71',61"
New Zealand 10,986,979 48,079,944
Total of Australasia . ... 80,9'18,701 317,410,247
During 1887.
Estimated
Quantity.
Value.
Total since 1851.
Estimated
Quantity.
V8 1
ue.
Oz.
617,751
110,288
425,923
40,871
£,
Oz.
· £
2,471,00-1 55,010,938 220,~8,7Si
419,701 9,SM,182 86,550,180
1,400,780 5,607,142 19,624,00tJ
159,425
287,449
987,688
1,194,388
208,86\1
4,540,860 70,700,656 277,156,54(
488,150 1,874,985
100,...
700,970 11,190,848 48,879,314:
1,489,008
5,600,596 82,388,664 822,910,84.'3
41,'151[
- - - -- -
MOVEMENTS
OF GOLD .AND
In 1886 the total ounces were 1,389,407, and the
,y;alues were £5,343,346; in 1887, according to the
above, the same totals appear to have been 1,439,953
ounces of £5,500,596 values. The yield of Victoria
seems to decrease every year, while Queensland
increases. It was only in 1885 that the value of the
prodU<;t of Victoria was £2,940,872; in 1886 it dropped
to £2,660,784; and now in 1887 it is only £2,471,004.
If one were to go back to 1871, the Victoria value would
be found to be £5,421,908, or just about equal to the
total for all of the colonies now; _from that figure the
product has uninterruptedly declined, except during
the years 1880-82, when there was a slight reaction.
On the other hand Queensland produced only £744,848
in 1883, but has increased its output each year since,
reaching £1,490,730 in 1887.
With regard to the other producing countries than
the United States we find only slight alterations to make
from 1886, either for silver or gold. The following is our
usual estimate of silver production for the whole world:
WORLD'S SILVER PRODUCTION.
1
Silver.
---1851 ........
1852 ········
1853 ........
1854 ........
1855 ········
';rota! 51-55
1856 ........
1857 ........
1858 ·••···•·
1859 .••..••.
1860 •••..••.
Total 56-60
United
States.
£
10,330
10,330
10,330
l0,330
10,330
2
Mexico.
£
4,185,405
4,185.405
4,185,405
4,185,405
4,185,405
3
• I
Germany. All other
countries.
£
439,438
439,438
439,438
439,438
439,438
£
3,255,818
3,255,818
3,255,818
3,255,818
3,255,818
51,650 20,927,025 2,197,190 16,279,090
10,330
10,330
103,306
20,661
30,991
4,041,322
4,041,322
4,041,322
4,041,322
4,041,322
---l 75,618 '20,206,610
555,124
555,124
555,124
555,124
555,124
3,515,008
3,515,008
3,515,008
3,515,008
3,515,008
5
Total.
£
7,890,991
7,890,991
7,890,991
7,890,991
7,890,991
-39,454,955
8,121,784
8,121,784
8,214,760
8,132,115
8,142,445
2,775,620 17,575,040 40,732,888
SILVER . .
credited that section with a much larger contribution to
-the world's supply of the white metal than we have.
We are pleased, however, to see that leading authorities
have recently taken off over one ,million pounds sterling
from Bolivia's estimate. If they would take off one
million more, they would come nearer the truth, and
even then would have a larger amount than can be
traced as reaching the commercial world by all avenues
from that State. In preparing the foregoing statement
we believe we have allotted to every country the highest
yield there is the least warrant for.
It will be noted that the total yield of silver mines
in the whole world for 1887 was £24,966, 734, or
$120,838,992.
As to the gold production, we have already indicated
the nature of the latest reports from the United States,
Australia and Mexico. With regard to Russia, Mr.
Kimball, the Director of the Mint, has returns which
we adopt; they state the production at $20,518,000 in
1886 and $20 091,893 in 1887. For 1888 we have no
figures, except Mr. Valentine's for the United States
and for Mexico, so for other countries we simply repeat
the totals for 1887. The statement in our usual form
is as follows.
WORLD'S GOLD ·PRODUCTION.
Gold,
1
2
Produc: Producti'n
tion in
in United
States.
Australia.
3
Produc•
tlon in
Russia.
5
4
Total
Producti'n
in Other Production
Countries. in World.
-· -•--1- - - - -1-- ---1----·-· I-----;----£ .
1851........
1852 ···· · ···
1853 .. . .....
1854 ........
1855 ..•..••.
£
1,780,388 11,363,636
12,543,258 12,396,694
13,269,71113,429,752
10,020,705 12,896,694
12,097,649 11,363,636
£
3,315,035
3,074,134
3,292,093
3,591,466
3,709,790
£
1,500,000
1,500,000
1,500,000
1,500,000
1,500,000
£
17,959,059
29,514,086
31,491,556
27,508,865
28,671,075
Total '51·55. 49,711,71160,950,41216,982,518 7,500,000 135,144,641
3,462,893 8,734,579
3,462,893
9,251,108 1856 .••..••. 13,058,984 11,363,636 3,723,736 1,500,000 29,646,356
3,462,898 10,077,554 1857 •••.•••. 12,196,507 11,363,636 3,899,401 1,500,000 28,959,544
3,4.62,893 10,594,083 1858 ..•..••. ll,729,86610,330,578 3,847,665 1,500,000 27,408,109
3,46~,893 10,645,736 1859 .••...•. 10,908,978 10,330,578 3,461,240 1,500,000 26,200,796
1860 •••..••. 10,626,192 9,504,132 3,354,624 1,500,000 24,984,94.8
7,696,280 21,226,365 3,065,950 17,314,465 49,303,060
Total '56-60. 58,520,527 52,892,560 18,280,666 7,500,000 137,199,753
791,058 3,799,488 11,280,183
1866 ........ 2,066,116 4,623,521
1861 •••..••. 10,935,85818,884,298 3,275,021 1,750,000 24,845,177
791,058
4,623,521
12,003,323
3,799,488
2,789,256
1867 .......
791,058 3,790,488 11,693,406 1862 .•••.••. 11,274,079 8,099,174 3,285,777 1,750,000 24,409,030
1868 .••.•••. 2,479.339 4,623,5'21
.••..••. 11,304,192 8,264,463 3,282,871 1,750,000 24,601,'526
1863
791,058
4,623,521
3,799,488
11,693,406
1869 ·••·•••· 2,479,339
791,058 3,799,488 12,519,852 1864 ·••··••· 9,956,192 9,524,793 3,14.4,105 1,750,000 24,375,090
1870 .••.•••. 3,305,785 4,623,521
10,204,178 10,996,900 3,544,980 1,750,000 26,496,058
••••.••.
1865
·-Total 66-70 13,119,835 23,117,605 3,955,290 18,997,-1 40 59,190,170
Total '61·65. 53,674,499 45,769,628 16,532,754 8,750,000 124,726,8.81
1871 ........ 4,752,066 5,222,231 1,241,603 3,924,041 15,139,941
5,940,083 5,222,231 l,'l41;603 a,924,041 16,327,958 1866 ·••···•· 10,456,794 11,053,719 3,732,733 2,000,000 27,243,246
1872 ········
........ 7,386,364 5,222,231 1,241,603 4,024,041 17,874,239 1867 .••..••. 10,024,946 10,685,942 3,710,465 2,000,000 26,421,353
1873
1874 ........ 7,706,611 5,222,231 1,241,603 4,124,041 18,294,486 1868 ..•...•. 10,481,673 9,917,355 3,849,266 2,000,000 26,248,294
1875 .••..••. 6,549,587 5,222,23! 1,24.1,603 4,124,041 17,137,462 1869...... •. 9,826,937 10,227,272 4,563,401 2,000,000 26,617,610
1870 ··•··••· 8,584,263 8,264,463 4,864,590 2,000,000 23,713,316
Total 71-75 32,334,711 26,111,155 6,208,015 20,120,20~ 84,774,086
Total '66·70. 49,37'1,613 50,148,75120,720,45510,000,000 130,243,819
1876 ••••.••• 8,016,529 4,678,860 1,088,182 4,200,000 17,983,571
1877 ..•...•. 8,223,140 5,Q92,959 1,185,779 4,200,000 18,701,878 1871. . . . .••. 9,883,905 8,057,851 5,400,373 2,000,000 25,342,129
1878 ........ 9,339,050 5,131,611 1,291,140 4 ,300,000 20,061,801 1872 ..•... .. 9,039,057 7,887,810 5,192,090 2,000,000 24 118,957
1,337,901 4,300,000 19,258,769 1873. ••. . . . . 8.3~0,828 8,101,033 4,554,632 2,000,000 23:036,493
1879 ··•·•••· 8,429,752 5,191.116
1880 .••••••• 8,099,174 5,537,190 1,420,4.63 4,400,000 19,456,827 1874 .••. .• .. 7,275,138 7,947,521 4.,561,830 2,000,000 21,784,489
1875 •••...•. 6,938,944 8,2a7,851 4,489,010 2,000,000 21,685,865
Total 76-80 42,107,645 25,631,736 6,323,465 21,400,000 95,462,846
Total '71-75. 41,517,872 40,252,066!24,197,995 10,000,000 115,967,933
1881 ........ 8,884,298 6,040,083 1,418,628 4,400,000 20,743,009
9,669,421 6,059,711 1,631,157 4,400,000 21,760,289 1876. ••• . . .. 6,1~6,442 1 8,860,950 4,620,310 2,000,000 21,637,702
·····••· 9,545,868
1882 .•••.••.
6,109,298 1,748,380 4,500,000 21,903,546 1877 ......•. 5,5t>8,783 9,297,521 5,628,281 2,ouo,000 22,494,585
1883
1884 ........ 10,082,645 6,548,554 1,845,521 4,600,0001 23,076,720 1878. .. .. . .. 5,999,105 8,05,,851 5,785,253 2,000,000 21,842,209
1,985,083 4,700,000 24,211,116 1879 ........ 5,949,198 6,869,835 5,919,506 2,000,000 20,738,539
6,864,876
10,661,157
1885 ........
1880..... ••. 6,209,361 6,869,835 5,932,120 2,200,000 21,211,316
31,622,522
8,628,769 22,600,000,111,694,680
Total 81-85 48,843,389
Total' 76-80. 29,882,889 ~9,955,992 27,885,470,10,200,0001107,924,351
1886 ........ 10,537,190 7,047,934 1,973,140 4,750,000 24,308,264
1887 ........ 11,024,174 7,148,760 1,993,800 4,800,000 24,966,734 1881 .....••. 6,257,121 6,611,570 5,047,737 2,500,000 20,416,428
1882 . . •. . . .. 6,053,8971 6,198,347 4,931,391 2,500,000 19,683,635
1888 ········ 11,437,400 7,213,223 1,993,800 4,800,000 25,444,423 1883 .....••. 5,594,304 5,785,124 4,835,733 2,500,000 18,715,161
Column 1.-From the report of the Director of the Mint.
1884 ..•..••. 5,820,156 6,363,6361 4,507,914 2,fW0,000 19,197,706
Column 2.-From Boetbeer's Materiallen., etc., for 1851 to 1877, in• 1885 ..•..••. 5,653,312 6,570,248 5,235,169 2,500,000 19,958,729
elusive. For subsequent ye-are from Wells, Fargo & Co.'s statements,
Column 3.-From Boetbeer's Materlalien, etc.
Total '81-85. 29,384,790,3l.,528,925 24,557,94412,500,000 97,971,659
Column 4.-Inclucles South America, Europe other than Germany,
etc., made up from 1851 to 1870 from Boetbeer's Materialien; for 1886 ..•..••. 5,343,346 7,231,405 4,239,256 2,650,000 rn,464,007
the later yea.rs in part from Mint Report, but ma.inly other sources.
1887 . • • . . • •. 5,500,596 6,818,181 4,151,217 2,700,000 19,169,9l,4
1
782
Our last year's estimates of the silver production 1888. ••. . ••. 5 500 596 6 404,969 4 151 217 3 000 000 19,056
NOTE.-The production of Queensland for the yea.rs 1851 to 1877,
of South and Central America (exclusive of Mexico) we inclusive 1£10,299,886) was gi ,· en as a single item at the close of 1877.
We have, however, divided it equally among the years named, addmg
.see no reason for changing. Other estimates have all along to eaoh of those years' production £381,477,
1861 ........
1862 ·····--·
1863 .....••.
1864 ........
1865 ······-·
Total 61-65
413,223
929,752
1,756,191'
2,272,727
2,324,380
4,245,273
4,245,273
4,2-15,273
4,245,273
4,245,273
- - - ----
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
613,190
613,190
613,190
613,190
613,190
FOREI .G N
EXCHANGE.
PRICES,
1 73-1 8 .
The demand for foreign exchange, and the consequent range in prices, depends upon the condition of financial relations between the United States and other countries, the extent of exports and imports, the sale of
securities abroad or their return to the home market, and some other circumstances which affect the actual
balances between this and other countries.
The course of trade is tolerably well known in the markets from month to month, an~ the volume of exports
and imports of merchandise and gold are shown with more or less accuracy by the Government statistics. But ·
the element of greatest uncertainty affecting the exchanges is the movement of securities to or from the foreign
markets. This movement is increasing every year, and will probably continue to increase as the London and
Continental markets have a greater number of American securities listed on their Stock Exchanges. As any
requirements of the Government for a registry of stocks and bonds exported and imported would probably be
deemed an extraordinary interference with private rights, it does not seem likely that any information on this
matter will be obtainable, and the difficulty of forecasting the course of the exchange market at any given time
will increase rather than diminish.
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 dollar 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 1. 792 to 1834 ou_r gold coin
was of the same standard as the pound sterling-viz., 22 carats, or 916½ parts in 1,000; and at its legal weight
of 27 grains the dollar was worth about 97¼ 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
91½ cents, and the pound $4 86¾, In 1834 the Custom House valuation of the sovereign was put at $4 84, and
so remained ·t ill 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 Sf 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 January 1, 1874, sterling exchange has been quoted accordingly, the
quotation 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 97½ cents. This valuation being 2f cents below par, is equal to a
quotable premium of about 2¾ per cent, and accordingly the present London quotations of American securities
are about 2¾ per cent above their actual value-a bond worth 100 being quoted there at 102¾.
•s~a.
inna1.
....
d.Qts. days.
olida .)
}
I .... 109¼ 1161¼
8 ..•• 109¼ 110¼
109¼ 110¼
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&.:.
6 ....
7 ....
8 ....
9 ....
10 •• .-.
11 ....
12 . . ..
18 ....
14 ....
15 ....
111 ....
17 ....
1s....
1 ....
20 .•••
21. ...
22 ...
2a .• ••
24 , • A •
s.
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March.
60
3
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d~s. llals. days. days. days, days.
1 ½ 11 ¼ 108¾ 109¼ 107¼ JOB¼
s.
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107¼ 108¾
109½ 110¼ 108½ 109¼ 1073(' 108¼
109¼ 110¼ 1083(' 109¼ 107¼ 108¼
109.~ 110¼ 108¼ 1093(' 107¾ 108¼
109¼ 110¼ !08¼ 109¼'
s.
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109¼ 110¼ 108 108¼ 107¼' 108¼'
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109¼ 110¼' 108 108¼ 107¼ 10 ¼
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108J4 109
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109 109¼ 108¼ 108¼ 108.¾ 109¾
(Holiday.) 108¼ 108¼ 108¼ 109¾
s.
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108¾ 109¾
109 109¼ 108¼ 108¼ 108½ 109¼
109 109¼ 108¼ 109
108¾ 109¼
108¼ 109¾ 108¼ 109¼ 108.¾ 109¼
108~ 109¼ 108¼ 109.J,(
s.
108¼ 109¼ 1083( 109¼ 108¼ 109¼
108¾ 109¼ 108'" 109¾
s. C 108" 109¼
108U 108
..........
..........
..........
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
..... .....
May.
60
8
June.
60
3
d:;/,s .days. days days.
1 ¾ 109¼
s.
108¾ 109½ 108¼ 110
108¼ 109¾ 108?/a 110
s.
108¼ 110¼
108¼ 109¾ 109 110¼'
108~. 109¾ 109¼ 110¼
108.½ 109¾ 109¼ 110.Y.
108¾ 109¾
s.
1081/a 109¾ 109¼ 110¼
108¾ 109¼ 109 110)('
109¼ 1103('
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109¼ 110¼
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s.
109¼ llOJ( 109.3(' 110J(
109¼' 110¼ 109¾ 110.J,(
s.
109¼ 1101,(
1093( 110¼ 109¼ 110.J,(
109¼ 1103(' 109¼ 110.J,(
109¼ 110¼ 109J( llOJ(
109¼ 110),(
s.
109¼ 110¼ 109¼ 1103('
109 110 , ~ 109.V. 1103'
8. \. I 109 1{ 1103('
108¼ 109¼ 109¾ 1103'
108¼ 109¼ 109¾ 110J(
108,t 109¼ 109¼ 110.J,(
108¼ 109~
s.
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101~ lOII)(
I' •
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July.
60
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d!/is . dabs.
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1093(' 110¼
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110¼
110¼
1103('
110¼
110.1,(
109¼
109¼
109¼
109¼
109J(
109,J.(
110J(
110.J,(
110,J.(
110¼
llO
110
s.
s.
s.
109¼ 109¼
109 109¼
100 109¼
tOP
toe¼
August.
60
3
September
60
8
da;s,days. days. d;s.
1
109¼ 107" 1 ½
109 109¼ 107¼ 108.J,(
s.
107¼ 107¼
109 109.¾ 107¼ 107¼
109 109¾ 107¾ 108¼'
109 1.09¾ 108 108¼
109 109¾
s.
109 109¾ 108¼ 109¼
109 109¾ 108¾ 109¼
s..
lOf ¾ 109¼
109 109¾ 108¾ 109¼'
108¼ 1.09¾ 108¾ 109¼
108¾ 1P9¾ 108¼ 109.J,(
1087~ 109¼
s.
108¼ 109)( 108¾ 109¼
108½ 109J( 108¾ 109¼
S•.
108¾ 109¾
108¼ ~09¼· 108½ 109.J,(
108¼ 108¼ 108¼ 109.J,(
108¼ 108¼ 108¼ 109.J,(
108 108¼
s.
107¼ 108¾ 108¼ 109¼
107¼ 108¾ 107¼ 1083('
s.
107 107¼
107¼ 108" 105¼ 106¼
107¼ 108¼ 105¼ 100¼
107¼ 108¼ 105¼ 100¼
108¼ 108¼
8.
108 1()8-'( 105½ 106¼
108 1108¼ 106¼ 108
.... ·····
October.
60
8
Jlo'ftlllber
60
8
days. dayL d~.days.
107¼ 109
1 ~ 108J(
107¼ 108¾
8.
107 108.J,( lOOl( 108
107¾ 108.J,(
s.
]~0111:.r·>
Decemb• .
60
8
1ays. d~11.
l!i8¼ 1 ¾
!09¼ 110¼
108¼ 109¼
108 109
108.1,( 109.J,(
108¾ 109¼
10'i¼ 108¼ 105¼ 108
107!.( 108!.( 105¼ '108.1,(
s.
107 108
106 108¼ 108¾ 109¼
107 108
8.
108¼ 100¼
106¼ 107¼
108¼ 108½ 109¼
106¾· 107¼
108¼ 108¾ 109¼
s.
100¼ 1083, 108¼ 109¼
106¼ 107¼ lO'i 109
108¼ 109¼
107 108
lO'i 109
s.
107 108
f07 109
109¼ 110
106 107
8.
109 109¼'
106¼ 107¼ 106¼ 108¼ 109 109¼
106¼ 108
100¼ 108¼ 109 109¼
s.
107 108¼ 108¼ 109"
100¼ 108
107J( 108¼ 108¼ 109¼
107 1083(' 107 108¼
s.
100¼ 108
107 108¼ 108¾ 109¼
106¼ 108
8.
108¼ 109.J,(
100~ 1083( 107¾ · 108¼ 108.J,( 109¼
100¼ 108¼ 107¼ 108¼ (Holiday.)
s.
107¼ 108~ 108¼ 109),(
100¾ 1083(' (Holid~? 108~ 100"
1C6X 108!.( l<n'¼ "1! ¼
15.
106¼ 108.J,( 107¼ 108¼ tli9 1091
106,ll 108~
8,
108¼ 109
106,H' 108 ' . . .....
1 J( 10-i
l~·
FOREIGN EXOR.ANGE.
In 1874 rates for sterling bills were unusually steady, and during a large p3:rt of the year were very firm .. The rates
reached specie shipping point several times, leading to consi4erable ahipments of com. The return ~ovement late m the year
of United States Government bonds to this country was estimated by some of the most competent Judges here to amount to
about $8.000,000,
In 1875 there was little to disturb the course of exchange so far as t~e transactions ~etween the Uni~ed States and
foreign countries were concerned; but the rates were greatly depressed at times by the scarc~ty of cash gold m New York,
and the consequent high rates on gold loans forced by speculation,
'
'
In 1876 the pl'ice of foreign exchange was very little disturbed either by speculative manipulations or by bond negotiations
abroad, and the market was left to take its eourse as governed by ordinary trade influences. · In the first seven months of the
year rates frequently ruled high enough to admit of the shipment of specie at a profit; but after July the mar!ret weaken~,
and during the last three months there was little active demand from any quarter and rates ruled so low as to induce co?s1derable shipments of coin from abroad. The large excess in the exports of the country over the imports was generally believed
to have had an important bearing on the rates of exchange,
'' ____ __ __ _
.J
~
181'1•
.January.
Day or 60
3
Month. days. days.
1..,. Holiday.
I ... , 4.83 4.87
I .••• 4.82¼ 4.86¼
4 . ••. ..... 8 ....••
a.... 4.83 4.87
•.•• 4.82¼ 4.S6,¼
T . •.• 4.82 4.86
I .••• 4.82¼ 4.86
t .... 4.83¼ 4.87
10 •••• 4.83¼ 4.87
11 . •••.•.. S•...••
19 .. • , '-83~ 4.87
ta .. ,. 4.83¼ 4.87
14...,
11 . ..
11 ....
1'1 .••.
4.83
4.83
4.84
4.86¼
4.86,¼
4.87.¼
4.84 4.87.½
18 . ........ 8, .....
19 .• •• 4.IJ4 4.87.¼
IO .••• 4.88
4.86¼
4.83 4.SG,¼
4.84 4.88
4.84,½ 4.SS
4.84,¼ 4.88
M .••• ... . . 8 •.•.••
11., ••
SI ....
•·•••
M .•.
Ill •.•• 4.88¾ 4.87
S1 . ••• 4.84 .(.87¾
18 . . .. 4.843' 4.88
21 . ••• 4.84¾ 4.&8
30 . •• 4.84,. 4.87,¼
11. .•• 4.84
4.81¥
Day of J:gual
Month. days. days.
1... . Holiday.
2 .•• , 4.86 4.IJO½
3 .... ..... S ..... .
4 .... 4.86 4.90½
5 ... . 4.86 4.90½
6 . ... 4.86 4,90½
7 .... 4.86% 4.90½
8 .... 4.86 4.90
9 . ... 4.86 4.90
~- ........ S.. . .
11 ... 4.8ti 4.90
12 . ... 4.86½ 4.90½
13 ... 4.86½ 4 90½
14 . .. . 4'.86½ 4.90
15 ... 4:86½ 4.00
16 . .. . 4,86½ 4.90
17 .... : . ... S . ... ..
18 . . . • 4.87 4,90½
19 . ..• 4.87 4.90½
20 •••• 4.87 4.90½
21. ... 4.87 4,90½
22 . ... 4.87 4.90½
23 .... 4.87 4.90½
February.
March.
April.
May.
60
3
60
'3
60
8
oo 3
days. day1, days. days. daJS, days. days. days.
. ... . S .. .. ...... .S•. ... 4.85,¼ 4.88¼ 4.88 4.91
4.84 4.87¼ 4.84½ 4.88 4.85¼ 4.88,¼ 4.88 4.91
4.84¼ 4.88 4.84,¼ 4.88
Holiday.
. ... . S. ... ..
4.85 4.88¼ 4.84 4.87.¾ 4.85,¼ 4.88¼ 4.88 4.91
4.85 4.88¼ 4.84¼ 4.88 ..... s .... .. 4.88 4.91
4.84¼ 4.88 4.84¼ 4.88 4.85¾ 4.88¼ 4.88 4.91
4.84¼ 4.88 4.84¼ 4.88 4.85¼ 4.88)9 4.88 4.91
..•. 8 ........... S.... . 4,85¼ 4.88¼ 4.88,¼ 4.91¼
4.84 4.87¼ 4.84¼ 4.88 4.85¼ 4.SS¼ 4.88¼ 4.91.½
4.84,¼ 4.88 4,84¼ 4.88 4.36¼ 4.88.½ ..... s... ...
4.85 4.88,1' 4.84,¾ 4.88 4.85¼ 4.88,¼ 4.88,¼ 4.91¼
4.95 4.88¼ 4.84¼ 4.88 ..... 8 ...... 4.88 4.91
4.85¼ 4.89 4.84,½ 4.88 4.85 4.88 4.88 4.91
4.85,¼ 4.89 4.85 4,88¼ l.85¼ 4.88,½ 4.88 4.91
.8...... . ... . 8 •. ... . -!.85.½ 4.88¼ 4.88,¼ 4.91¼
4.85 4.88¼ 4.~ 4.88,½' -i.85,¼ 4.88¼ 4.88,¼ 4.91¼
4.85 4.88½ 4.85 4.88)( 4.85,¼ 4.88,¼ .... . 8 •.. • .
4.85 4.88¼ 4.85 4.88.¾ 4.85,¼ 4.88,¼ 4.88,¼ 4.91¼
4.85 4.88,¾ 4.85 4.88 .. ... 8 •...•• 4.88,¾ 4.91¼
4.85 4.88.¼ 4.85 4.88 4.86 4.89 4.88,¼ 4.91¼
4.85 4.88.¼ 4.85 4.88 4.86 4.89 4.88,¼ 4.91¾
..... ~ ....•..•.. . 8, ... . . 4.86 4.89 4.88¼ 4.91¼'
Hobday. 4.85 4.88 4.86 4.89 4.88,¼ 4.91.¼
4.85 4.88,¼ 4.85 4.88 4.86¼ 4.89¾ ..... S•..•••
4.84¼ 4.88 4.85.¼ 4.88.½' 4.86¼ <i.89¼ 4.88.¼ 4.91¼
4.84 4.87¼ 4.85,½ 4.~¾ ..... 8 .. ·• .. 4.88¼ 4.91¼
4.84 4.87¼ 4.85,½ 4.88½ 4.88 4.!Jl 4.88,¼ 4.!!1.¼
4.84 4,S1X 4.85¼ 4.88½ 4.87.¼ 4.90¾ 4./i8,¼ 4.91¼
..... 8. . . 4.87¼ 4.90¼ 4.88,½' 4.91~
4.86 4.88 4.87¼ 4.90¼ Holiday.
4.~ 4.88 ·
••.. . S.. •• ••
tbruav.
June.
60
a
days. days.
4.8o¼ 4.91¼
4.88¼ 4.91.½
4.Sti¼ 4.91¼
4.88,¼ 4.91¼
4.SS¼ 4.91¼
4.88,¼ 4.91¼
.... . S . . ..•.
4.88,¼ 4.91¼
4.88 4.91
4.88 4.91
4.88¾ 4.91
4.88 4.91
4.88¼ 4.91
. .... S.. .••.
4.88¼ 4.91
4.89 4.91¼
4.89 4.\11¼
4.88,¼ 4.91
4.86,¼ 4.91
4.88.¼ 4.91
..... S . . . ..
4.88¼ 4.91
4.88,¼ 4.9l
4.8~¼ 4.91
4.88,½ 4.91
4.88,¼ 4.9!
4.88.¼ 4.,U
•.... S. ... ..
4.88¼ 4.91
4.88¼ 4.91
·•••
July.
August. September.
October. November. Decembet.
60
3
60
a
60
a
so a
60
a
60
s
days. days. days. days. days. days. days. days. days. days. days. days.
4.88¼ 4.9t 4.SS 4.W,¼ 4.87 4.8Y.½ 4.85 4.88 ..... 8 ...... 4.85¼ 4.90!-t
.t.88¼ 4.91 ..... 8....
4.87 4.'39¼ 4. 85¼ 4.88¼ 4,84¼ 4.88 4.85¼ 4.90½
.... 4.90,¼ 4.88 4.90¼ 4.S7 4.S9¼ 4.85¼ 4.88¼ Holiday
4.85.½ 4.90¼
Holiday. 4.88 4.90,¼ 4.86¼ 4.89 ..... S ..... 4.64¼ 4.88 4.85¼ 4.90,½
.. .. . s .... .. '1.88 4.90¼ 4.86¼ 4.89 J.85¼ 4.88¼ 4.B!i 4.88¼ 4.85-" 4.90"
4.88 4.90,¼ 1.88 4.91
.... . 8 •••••• 4.86 4.89 4.85 4.883" . .... s.... ·
4. "8 4.90¾ 4.87.½ 4.!Jl 4.86 4.88,¼ 4.8d 4.89 4.S5¼ 4.89 4.85¼ 4.90¼
4.87¼ 4.90 4.87¼ 4.91 4.85,½ 4.SS 4.85¼ 4.88¼ ..... 8 . . .... 4.S5J'- 4.90¼
4.87¼ UO
.. . S . ....• 4.Q5 4.87¼ 4.85¼ 4.88¼ 4.8.'i¼ ~.89 4.85¼ 4.90¼
4. 87¼ 4.90 . 4.87¼ 4.91 4.85 4.87¼ 4.85¼ 4.88,¼ 4.85¼ 4.89 4,85¼ 4.90¼
4.87,¼ 4.90 4.87¼ 4.f!l 4.Sl 4.86.½ ..... S... . .. 4.85¼ 4.89 4.85¼ 4.90¼
. . . . S..... 4.87¼ 4.91 4.8i 4.86¼ 4.F5 4.88 4.13& 4.89¾ 4.85¼ 4.90)4
4.87¼ 4.90 4.87,½ 4.91 ...•. 8 • ... .. 4.84¼ 4.87¼ 4.86¼ 4.90 . , ..• s... .. .
4.87¼ 4.90 4.87¼ 4.91 4.84 4.86¼ 4.B4¼ 4.87.½ 4.86,¼ 4.90 4.85¼ 4.90¼
4.87 4.89¼ 4.87.½ 4.91 4.84 4.86¼ 4.8i¼ 4.88
... S ...... 4,65¼ 4.00¼
4.87 4.89¼ . . .8. . . . 4.84¼ -1.87 4.85 4.88¼ 4.87 4.91 4.85¼ 4.90,¼
4.87.¼ 4.90 4.87¼ 4.91 4.84¼ 4.87 4.8.5 4.88,½ 4.86,½ 4.90¼ 4.85¼ 4.90!,t
4.81¼ 4.90 4.b7¼ 4.91 4.84,¾' 4.87 ..... 8 •..... 4.86 4.00 4.85¼ 4.90~
.... . t:! .. ... 4.87 ½' 1.91 4.84¼ 4.87 4.85 4.88,¼ 4.86,¼ 4.89¼ 4.8,J_¼ 4.90Jf
4.87.¼ 4.90 4.87¼ 4.9l ... . . S . . .... 4.85'14.89 4.86 4.90,½ ..... S ... . .
4.137.¼ 4.90 4.87¾ 4.91 4.84¼ 4.87 4.85Jt 4.89 4.86 4.90,¼ 4.f'6¼ 4.90-"
4.87.¼ 4.90 4.S'i.¼ 4'.91 4.84,¼ 4.87 4.85¾' 4.89 •... . S... . .. 4.85¼ 4.90,¼
4.87¼ 4.90 ..... S•• . ••• 4.84¼ 4.87 4.85.¼ 4.89 4.86 4.90¼ 4.85¼ 4.90,¼
4.88 4,90¼ 4.87.¼ 4.91 4.84 4.86¾ 4.85¼ 4.89 4.86 4.90,¼ 4.86 4.90¼
4.88 4.90.¼ 4.87.¼ 4.90,¼ 4.84 4.86.½ . . ... S..... 4.P6 4.90¼ Holiday.
. ... . 8 ...... 4.87¼ 4.90¼ 4.S<i¼ 4.87 4.85¾ 4.89
Holiday. t.86 4.l!0X
4.88 4.!l0¼ 4.&734' 4.90¼ .. ... 8 ...... 4.85 4.88,¼ 4,86 4.9o¼ .... . S ... . .
4.83 4.90~ 4.87½ 4.90¾ 4.84.¾ 4.87 4.25 4.88¼ 4.86 U0¼ 4.86 ~4.90~
4. ~S. 4.90~ 4.87,¼ 4.90¼ 4.84,¼ 4.87 4.84 4.87.¼ ... . . S.... 4.St,( · 4 90J(
4.88 4.90¼ . . . S . .• ••• 4.86 4.87¼ 4.84,¼ 4.88 4.85¼ 4.90,¼ 4.86 4.90¼
4.88 4.90,¼ 4.81¼ 4.90
4.84¼ 4.88
6-St> u,1;4
ttlC.
~oa'c\
6ipri\
:Jay. 3
3
6t1ly. 3
1ggust
Se~5emb:r. O~obe~ No~gmbe;- D~emi.ar .
days. days. days. days. days. days. days . days. days. days. days. days. days. days. days. days. days. days. days. days. days. dayi,,
4.87 4.8 1½ 4.83 4.87 4.83½ 4.87½ 4.88 4.91 4.87½ 4.90½ 4.87½ 4.90½ . .. . . S . . .. 4.85 1.88 4.80 4.84 4.79 4.84 4.83½ 4.87
4.87 4.90 4.82½ 4.86½ 4.85 4.89 .... . S.. . .. . 4 87½ 4.90½ 4.87½ 4.90½ 4.87½ 4.90½ 4.85½ 4.88½ 4.80 4.84 Electn. H 'y 4.84 4.8?'
4.87 4.90 4.82 4.86 4.85 4.89 4.88 4.91 4.87½ 4.90½ 4.87½ 4.90½ 4.87½ 4.90½ 4.85 ½ 4.88½ . . . . S ... . .. 4 81 4.S6 4.84 4.87½
4.86½ 4.89½ 4.81 4.85 . . .S.. . . 4.88 4.91 4.87½ 4.90½ . ... . S.. .. 4.87½ 4.90½ 4.85½ 4. 88½ 4.79½ 4.83½ 4.81 4.86 4.84 4.87½
4.86 4.89 4.81 4.85 4.85½ 4.89 ½ 4.88 4.91 4.87½ 4.90½ Holiday. 4.87½ 4.90½ .... . S .. . . .. 4.78½ 4.82½ 4.80 4.86 ..... S •...•.
4.86 4.89 4.81 4.85 4.86 4.90 4.88 4.91 ..... s...... 4.87½ 4.90½ 4.87½ 4,90½ 4 85 4.88 4.80 4.84 4.80 4.86 4.84½ 4.88
..... S ......... S. ... . 4.86 4.90 4 88 4.91 4.87½ 4.90½ 4.87½ 4.90½ 4.87½ 4.90½ 4.85½ 4.88½ 4.80 4.84 ..... S.•..•• 4 84½ 4.88
4.86 4.89 4.81½ 4.85½ 4.86½ 4.90½ 4.88 4.91 4.87½ 4.90½ 4.8 i½ 4.90½ ..... S.•••• 4.:"4 4.87 4.80 4.84 4.80½ 4.86½ 4.84½ 4.88
4.86½ 4.89½ 4.81 4.85 4.86 4.90 .. .. s... ... 4.87½ 4,90½ 4.87½ 4.90½ 4.87½ 4.90½ 4.83½ 4 86½ 4.80 4.84 4.82 4.87½ 4.84½ 4.88
4.85½ 4 88½ 4.80 4.8 I 4.86 4.90 4.88 4 91 4.87½ 4,90½ 4.87½ 4.90½ 4.87½ 4.90½ 4.82 4.85½ .. .. S .... . 4.81½ 4:87 4.84½ 4.88½
4.84½ 4.87½ 4.80 4.84 . .. . . S...... 4.88 4.91 4.87½ 4.90½ .... . S. ... . . 4 87½ 4.90½ 4.81 4.85 4.80 4.84 4.83 4.88 4.84½ 4.88~
4.84 4.87 4.82 4.86 4.86½ 4.90½ 4.88 4.91 4.88 4.91 4.87¼ 4.90½ 4.88 4.90½ ... . . s .... .. 4.80 4.o4 4.83 4.88
.... s .....
4.84 4.87 4.8t 4.86 4.86½ 4.90 ½ 4.88 4.91 .... . S. . . .• 4.87½ 4.90½ 4.87½ 4.90 4.81½ 4.85½ 4.80 4.84 4.83 4.88 4.85½ 4.89~
. S ....•..... S . . .... 4.87 4.90 ½ 4.87% 4.90½ 4.88 4.91 4.87½ 4.90½ 4.87½ 4.90 4.81 4.85 4.78½ 4.83 . . ... S . . .... H5½ 4.• 9½
4.84 4.87 4.81 4.85 4.87 4.90 ½ 4.87 4.90 4 88 4.91 4.87½ 4.90½ ... . S .....• 4.60 4.8i 4.7d 4.F2½ 4.84 4.88 4.85½ 4.89½
4.82½ 4.85½ 4.79 4.83 4.87 4.90 ½ ..... s.. .. 4.88 4.91 4.87½ 4.90½ 4.87½ 4.90 4.79 4.83 4.78½ 4.83 4.84 4.8~ 4.85½ 4.89½
4.&l½ 4.83½ 4.79½ 4.83½ 4.87 4.90½ 4.87 4.90 4.88 4.91 4.87½ 4,90½ 4.86½ 4.89 4.81½ 4.85½ . . ... S. . .. 4.84½ 4.88½ 4.65½ H9½
4.83½ 4.87 4.79 4.83 . .. .. s. .. . 4.87 4.90 4.88 4.91 .... s .... .. 4.86½ 4.89 4.81½ 4.85½ 4.78½ 4.83 4.84½ 4.88 4.85½ 4.89½
4.83½ 4.87 4.80½ 4.84½ 4.87½ 4.90½ 4.87½ 4.90½ 4.88 4.91 4.87½ 4.9C½ 4.87 4.89½ ..... S. .... 4.77½ 4.82 4.84½ 4.88 .. ... S.....
4.83½ 4.87 4.81 4.85 4.87 ½ 4.90 ½ 4.87½ 4,90½ .... . S...... 4 87 4.90 4.87 4.89½ 4.79 4.83 4.77 4.81½ 4.tl-i½ 4.88 4.8.; ½ 4.89½
.... . s... .. .. .. .. s .. .... 4.87½ 4,90½ 4.87½ 4.90½ 4.87½ 4.90,½ 4.87 4.90 4.87 4.89½ 4.80 4.84 4.77 4.81 ½ .... s .... .. 4.86 4.90
Holiday. 4.81 4.85 4.87½ 4.90½ 4.87½ 4.90½ 4.87½ 4.90½ 4.87 4.90 ..... S.. . ... 4.80½ 4.84½ 4.79 4.83½ 4.84 4.87½ 4.86 U9¼
4 83 4.86½ 4.81 4.85 4.88 4.91
. .. . . s.. .. 4.87½ 4.90½ 4.87 4.90 4.87½ 4.90 4.79 4.83 4.79\4.84 4.84½ 4.~8 4.85¼ 4.!<9
24 .. .•• . •.. S.. .• .• 4.83 4.86½ 4.82 4.86 4.88 4.91 4.87½ 4.90½ 4.87,¼ 4.90½ 4.87 4.90 4.87½ 4.90 4.81 4.85
. ..
. . .. .• 4.84½ 4.118 4.85¾ 4.89
25 .. . . i .87 4.90 4.83 4 86½ 4.82½ 4,86½ .... S. .... 4.87½ 4.90½ 4.87½ 4.90½ .. . . . S.. .. 4 87 4.89½ 4.81 4.85 4.fO½ 4.F5 ·T hanksgi'g. Holiday.
26 . ... 4.87 4.90 . 4.83 4.8~ Good Friday 4.88 4.91 4 87½ 4.90½ 4.87½ 4.90½ 4.87 4.90 4.87 4.89 ½ .... . S...... 4.80 4.84½ 4.84½ 4.1:!8
. . .. . S. . •.••
21 . ••. 4.87 4.9o
4.83 4.87 4.82 4.86 4.88 4.91 4.87½ 4.90½ .. .. . s .. .. .. 4.87 4.90 4.87 4.89½ 4.80 ½ 4.84½ 4.79 H3½ 4.84½ 4.es 4.85¼ 4 89
28 . ... 4.87½S1.90
..... S........... S•.•.• . 4.88 4.91 487½ 4.90½ 4.87½ 4.90½ 4.87 4.90 4.87 4.89½ 4.80 4.84 4.7d 4.82½ . . . .. S •. ... 4.85,½ 09
29 . •• . 4 87
4.89½ ....•.••.... 4.79 4,83 4.88 4.91 4.87½ 4.90½ 4.87½ 4.90½ 4.87 4.90 .. .. . s...... 4.79; 4.83 4.78 4.83 4.84½ 4.88 4.85¾ 4.89 ·
30... 4.87 4.8~½ ...•.... , ..• 4.82 4.86 4.88 4.91 ... . S . .. ... 4.87½4,90½ 4.87½ 4.90½ 4 86½ 4.89 4 79· 4.83 4.78 4.83 4.S3½ 4.87 4.84½ 4.88,¼
aJ. . •• , •.••••••. . •••••••••••••. 41ia¼ 4.87¼ . . . . . . . . . . . . Holiday. . .. .....•... 4.87½ 4.90½ 4,85½ 4, ....... , .. . ..... S....... . . ....... 4.85 4.89
IS76.]
ll'ebruary.
March.
April.
11117.
June.
60
a
eo a
eo a
60
a 60 a
days. days. days. days. duys. days. days. day_s. days. days.
4.86¼ 4.90 4.86 4.90 4.87,¼ 4.90 4.88 4.90 4.88 4.90
·(.86 4.S9¼ 4.86½ 4.90¼
S.
4.88½ 4.90½ 4.88 4.90
4.86 4.89¼ 4.86 4.90 4.87¾ 4 90 4.8 ¼ 4.90¼ 4.88 4.90
4.85 . 4.89 4.86 4.89,¼ t.86 4.90 4.87¾ 4.00 4.83¼ 4.90¼
S.
4.84¼ 4.88¼ 4.86 4.89¼
8.
4.87¼ 4.90 4.88¼ 4.90¼ 4.88 4,90
4.84¼ 4.88¾
8.
4.86 4.90 4.87¾ 4.90 4.88,¾ 4.90¼ 4.88 4.90
4.85 4.89 ua 4.69¼ 4.86 4.90 4.87½ 4.90
s.
4.88 4.90
ua 4.89 4.86¾ 4.90 4.86 4.90 4.B7¾ 4.90 4.88¼ 4.90¼ 4.88 4.90
8,
4.86 4.89,½ 4.R6 4.90
8.
4.83½ 4.!l0½ 4.88 4.90
4.111 4.89 4.~ 4.89½ 4.86 4.90 4.87½ 4.90 4.88½ 4.90¼ 4.88 4.90
4.8.(¼ 4.88,¼ 4.86 4 90 4.86 4.90 4.87¾ 4.90 4.88½ 4.90½
8.
4.84¼ 4.88¼ 4.86 uo
8.
4.S.7¼ 4.90 4.88~ 4.90¼ 4.88 4.90
4;84,¼ 4.88,¼
s.
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4.85 4.89 4.st 4.90 4.116¼ 4.90 4.87¾ 4.90
"S.
us 4.90
UI 4.89 4.81 4.90 4.86,¼ 4.90 )4.87½ 4.90 4.88,¾ 4.90¼ 4.88 4.90
· 8,.
4.86 4.90 4 86½ 4.90'
s.
4.88¼ 4.90,¼ 4.88 4.90
4.8l 4.€9 4.88 4.90 4.87 4.903' 4.87½ 4.90 4.88½ 4.90¼ 4.88 4.90
4.85 4.89 4.8& 4.90 4.8'1 4.90¼ 4.87,.½ 4.90 4.88¼ 4.90½
s.
4.86 4.89 4.88 4.90
8.
4.873' 4.90 4.89½ 4.90,¼ 4.88 4.90
4.85¾ 4.89½
8.
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4.Ba¼ 4.89¼ 4 8&~ 4.90,¼ 4.87 4.90½ 4.88 4.90
s.
4. 88 4.90
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. 8.
4.86¼ 4.90¼ 4.87 4.90
S;
4.88¼ 4.90¼ 4.88 4.90
4.85¼ 4.89¼ 4 8d¼ 4.90½ 4.87 4.90 4.88 4.90 4.88 4.90 4.88 4.00
4.86 4.89¾ 4.86 4.90 4.87 4.90 4.88 4.90 4.88 4.90
S.
4.8«{ 4.89.¼ 4.86 4.90
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8.
4.87 4.90 4.88 uo 4.88¼ 4.90½ 4.88¼ 4.90¼
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8.
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4.89X 4.U 4.90 4.87 4.90 4.88 4.90 4.883( 4.90¼ 4.SS¼ 4.90¼
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https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
July.
August.
September. October.
N ovember. December.
60
a , oo a 60 a 60 a ~1 60
a oo'- 1
days. days . days. days. days. days. days. days. days. days. dayr,. daya.
4.88¼ 4.90¼ 4.88¼ 4.90¼ 4.87 4.88.' i
S.
4.82¼ 4.84}? 4.82 4.84
8,
4.88¼ 4.90,½ 4 87 4.e8¼ 4.83 4.84½ 4.82.½ 4.84Ji 4.82 4.84
4.88¼ 4.90¼ 4.88¼ 4.90½
S.
,t.83 4.81,¾ 4.82¼ 4.84¼
8.
H oliday. 4.88¼ 4. !lO½ 4.86¼ 4.88 4.83¼ 4.85 4.82¼ 4,84¼ 4.8' 4.84
4.88¼ 4.90,¼ 4.88,¼ 4.90,¾ 4.86,¾ 4:88 4.83½ 4.85
8.
4.82 4.8'
4.88,.½ 4.90,¼
S.
4.86 4.87¼ 4.83,½ 4.P6 4.82 4.84 4.82 4.8'
4.88¼ 4 90¼ 4.88¼ 4.90¼ 4.85¼ 4.87 4.83.¾ 4.BGHoUday. 4.82 4.8'
4.88½ 4.90¾ 4.88¼ 4.96¼ 4.S.'> 4.86¼
s.
4.82 4.84 4.82 4.M
8.
f.88 ~,90 4.·85 4.86½ 4.83,¼ 4.85 4.82 4 81 4.82 4.8'
4 89 Ul 4.88 11.90
8.
4.84 4.85¾ 4.82 4.84
S.
4.89 4.91 4.87¾ 4.89½ 4.84 4,85½ 4.84 4.85½ 4.82 4.84 4.82 4.84
4.89 4.91 4.87,.½ 4.89)9 4.84 4.85½ 4.84 4.85½
s.
4.82 4.84
4.89 4.91
s.
4.84 4.85½ 4.84 4.85,¼ 4.82¾ 4.84).' 4.82 4.84
4.89 4.91 , 4.87¼ 4.89½ 4.84 4.85½ 4.84 4.85,.½ 4.82¼ 4.84,¼ 4.82 _4.8'
4.89 4.91 4.87½ 4.89½ 4.S.-3¼ 4.85
S.
4.82¼ 1.84>,a 4.82 4.84
8.
4.87¼ 4.89½ 4.83¼ 4.t:5 4.84 4.85¼ 4.S-1½ 4.84¼ 4.82 4.84
4.89 4.91 i .87½ 4.89¾
s.
4.84 4.85½ 4.82,¼ 4,84¼
s.
4.89 4.91 4.87,¼ 4.89¼ 4.88,¼ 4.85 4.84¼ 4.86½ 4.82¼ 4.84,¼ 4.82,¼ 4.84¼
4.8i} 4.91 4.87½ 4.89;. 4.83½ 4.85 4.&3¼ 4..35¼
s.
4.82¼ 4.M¼
4.89 4.91
s.
4.88¾ 4.85 4.83½ 4.85¼ 4 82¼ 4.84¼ 4.82¼ 4.84½
4.89 4.91 4.87¼ 4.89,¼ 4.83 4.1'4¼ 4.83,¼ 4.85,¾ 4.82¼ 4.84,¼ 4.82¼ 4.84¼
4.89 4.91 4.88 4.90 4 83 4.84½
8.
4.82~ 4.84_¼ 4.83 4.Ba
8.
4.88 4.90 4.S., 4.84¼ 4.83,¼ 4.85½ 4.S2 4.84 4.83 "85
4.88,¼ 4.90,¼ 4.88¼ 4.90
S. - 4.83¼ 4.85½ 4.82 4.84
S.
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Holiday.
4.88,¼ 4,90½ 4.88 4.89,¼ 4.88 4.81¼ 4.83 4.85
8.
4.88¼ 4.Ba½
4.88¼ 4.90½
8.
4.8a 4.84¼ 4.83 4.85 4.82 ·4.84 4.83¼ 4.sa ~
4.88¼ 4.90¼ 4.88 - 4.89,½ 4.83 4 84¼ 4.82½ 4.84,¾ 4.82 ,4.84 4.84 4.86
4-88¼ 4.90¼ 4.sa 4.89¼ 4.83 4.84¼
s.
4.82 4.M 4.84 ue
S.
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'-88l. 4.90~ 4.if¼ "-89 •··········· 4.82}' ~ ..............
&.
FOREIG.N
EXCHANGE.
-· 2 9
In 1877 exchange ruled quite steady in the early part of t he y ear, but after July, as the large crops began to come in an<1
exports of domestic products were large, the price declined and -r uled low during the balance of t he yea,r. .. Except fo r t h e re-turn
of United States bonds from abroad, the price would probably have been lower and t h e imports of ~pecie would h ave been
larg er.
1878.--Exchange was much lntl.uenced throughout the year by t h e h navy expor ts of domestfo . p l'Oduce. In t h e fi rst sia
months there was a large movement in United States bonds returned from forP.ig11 markets, which 15ave r isa t o a considera.ble
demand for bills, t hat supported p rices. In th e last half of t h e year exchange g-en13rally ruled at low fig ures.
1819.- During th e early part of the year the rates for sterling bills were made firm by the h eavy return of called bonds from
a.broad; tnd after F ebr uary demand sterling bills were often q uoted in the bank ers' posted rates at 4 89}2@4 90, and there was
apprehension that sp ecia would be exported to a considerable amount. There was no la rg e export of sp ecie, h owever, and in
the latter part of July, after t h e last call fo r bonds had matured, rates of exchange fell off rapidly to a point which admi tted of
the imports of specie, and so remained through out the year. The excess of expor ts over imports in the fiscal y ear ending J1r,e
30, 187S, was about $270,000,000. The sp ecie imported at New York in 1879 was $84,176,764, and the export was ~14,454,343. ;, .
187?'.
·
J anuarr. 1
Day of 60
aMonth. daye. day■•
1. •• • Holiday.
• .. •. 4 84 '86
8 ..•• 4 84¾ 4 86¾
4 . ... 4 84¼ 486¼
IL .. • 484¼ 4 86},'
6 .••• 4 84¼ 4 86¼
7. ...
8 . .. .
9 ...
10 . . . •
11 .•••
12 •••
18 .• ..
14.. . .
1t>.. •.
16 . ..
17 . . . .
18 . . ..
19 . . ••
20 . •• •
~1.. ..
ft . . ..
lLL ••
24 .• ••
25 .• ••
26 . ••
27 ....
18. . ..
19 ....
ll> ••••
81. •••
High .
Low•.
February.
60
II
days. days.
4 85 4 86¼
4 85 4 86¾
4 ~ 4 86¼
8.
4 85 4 86¼
4 85 4 86¾
s.
485 486¼
4 Sf¼ 4 86¼ 4 SIS 4 86¼
4 84 4 86 4 85 4 86¼
4 84 4 86 4 85 4 86¼
4 83¼ 4 85¼
s.
4 83'¼ 4 85¼ 4 81¼ 4 86
4 88¼ 4 85¼ 4 84¼ 4 86
8.
4 81¼ 4 86
4 83¼465¼484 Vs 486
4 88¼ 4 85;,' 4 84¼ 4 86
4 83¾ 4 85¼ 4 84¼ 4 86
4 P8¼ 4 85¼
.S.
4 88¾ 4 85¼ 04 '85¾
4 13~ 4 85)1 4 84 4 85¼
483¼485
4 88¼ 4 85¼ Holiday.
484 4 88 488¼4 85
4 84 4 85)6 4 88¼ 4 85
4 84 4 85¼
S.
4 84¼ 4 86 4 83¼ 4 85
4 84¼486 4 88¼485
S.
4 88¼ 4 85
4 84¼ 4 8G
.... . . . . ....
4 81¾ 4 86 ... • •• .. .... • ..
4 84¾ 4 86
.. . ........ .
4 84¼ 4 86¾ 4 85 4 86¾
4 88¼ 4 85~ 4 88-" 4 85
--s.
March.
110
a
days, daye.
4 83¾ 4.85
4 84 4 8~¼
4 84 4 85J.
84 81 4 85¼
4 84¼ 4 86
484¼486
4 84¾ 4 86
4 84¼ 4 86
484¼ 4 86
April.
60
a
days. daye.
S.
4 84¼ i 86¼
4 85 4 87
4 BIS¾ 4 87¼
4 85¾ 4 87¼
4 86 4 88
486 488
S.
4 86¼ 4 88¼
4 87 4 89
4 87 489
4 86¼ 4 88¼
4 Si' 4 89
4 87 4 89
May.
60
s
days. day1 .
4 88 4 90
4 88 4 90
4 88 H O¾
4 88 4 90¼
4 88 4 90¼
S.
488 490¼
4 87¼ 490
4 87¾ 4 90
4 87¼ 49"0
487¼ 4 90
4 87¾ 4 90
June.
60
a
days. day s.
4 !!8 4 90¼
4 88 4 90¼
8.
4 88 490¼
4 88 490¼
4 88 4 90¼
488 400¼
4 88 490¼
4 88 4 90¼
8. .
4 88 4 90¼
4 88 4 90¼
4 88 4 90¼
4 88 0 0.¼
48~ 490¼
4 88 4 90.¼
8.
4 88 4 90¾
4 88 4 90¾
4 88 4 90¼
488 4 90¼
4 83 4 90¼
488 490¼
July.
August.
Sep tember.
Octob er.
60
s
60
8
60
a
days. days. days. days. days. deys.
4 66 4 87¾ 4 88~ 4 86¼ 4 8~ 4 85¾
4 86 487¾
s.
4 82 4 85¾
486¾ 4 87 4 83¼ 4 86¼ 4 S2 4 85¾
4 85.¼ 481 4 82.¼ 4 85¾ 4 81 4£15
S.
4 82x 4 85¼ 4 81 4 85
4 85¾ 4 87 4 83 4 86 4 81 4 85
4 851/,487 4 83¼ 486¼
8.
4 8:'i)f 4 87 4 83.¼ 4 86¼ H t 4 85
4 85¾ 4 87
s.
4 81 41:15
4 85 4 86¼ 4 ~8¾ 4 86¼ 481 4 85
s.
4 86 4 86¾ 4 83¼ 4 ':17 4 61 4 85¼
4 84¾ 4 88
S.
4 83¼ 4 87 4 81 4 Sti
4 84¼ 4 86
S.
4 S5 4 86¼ 4 E8¼ 4 87 4 81 4 86
4 84¾ 4 86
487¾ 490
4 84¼ 4 86 4 BS¼ 4 87
S.
484¼ 486
s.
481½ 490
s.
484¾ 4!:!6 '88¼487 481 486
4 84¼ 4 86¼ 4 87¼ 4 89¼ 4 87.¾ 4 90
4 86¼ 4 SB¼ 4 84 4 116
S.
4 81 4 86
4 84½ 4 86¼ 4 87¼ 489¾ 4 81¾ 4 90 •
4 Sil 4 83 4 84 4 86 4 83¾ 4E7 4 81 4 86
8.
4 87.¼' 4 69.)i 4 88 4 90¼
4 85¾ 4 87¼ 4 64 4 86 4 88.¼ 4 87 ( 81 4 86
4 84¾ H 6¼ 4 87¾ 4 89¾ 4 88 4 90~,
4 86 487¼
8.
4 88¼ 4 87 4 81 4 86
4 84¼ 486¾ 4 88 4 90
s.
4 86 4 87¼ 4 8~¼ 4 8!'>¾ 4 83¾ 4 81 4 81 4 8t:i
4 84¼4 86¼ 4!!8 490 483 490¾
486 4 87>, 483 U S H3,½' 4 137
8.
4 84¾ 4 86¼
S.
4 88 4 90¼
S.
4 83 4 85 4 83¼ 4 87 4 81 4 86
484¼486¾ 488 490 488 490¾
486 .t A7¾ 4 8~¼ 4 85
S.
H t 4 8ji
4 84¾ 4 86¼ 4 88 490 4 88 4 9UH
S.
4 86 • 1 7¾ 4 82¾ 4 85 4 83¼ 4 87 4 81 486
S.
4 88 4 90 4 88 4 90¾ 4 88 41!0½ Ut:i 4 8 7¼ 4 82¾ 4 85 4 83,!i 4 87 4 81¼ 4 88
4 Si ¾ 4 86.Ji 4 88 4 90 4 88 4 90¾ 4 88 4 90¼· 4 86 487.¾
S.
4 83
4 86¼ 4 81¾ 4 86
484¼486¾ 4 88 490
S.
4 88 490¼ 48ti H 7¾ 482¼ 4 85 488 486¼ 4 81 ¼4 86
4 84 4 86 4 88 4 90 4 88 4 90¼ 4 88 4 90¾ 4 86 4 87.¼ 4 82¼ 4 85¼ 4 82¾ 4 86
S.
4 84 4 86
S.
_ 4 88 4 90.¼ 4 88 490¾
8.
4 82¼ 4 85¼ 4 82¾ 4 86 01 4 SIS¾
Good F t. 4 83 4 !lO ' H oliday. 4 88 4 90¼ 4 86 4 87¾ 4 68 4 86
8.
4 81 4 85¾
4 84¼ 4 86¼ . . . • . • . . • . 488 41!0¼ ... . ... _. ..• 4 86 4 87¼ 4 83¾ 4 86¾ •• .. ••••• ••. 4 81 4 85¼
4 84¼ 4 86¾ 4 88 4 90 4 89 4 90¼ 4 88 4 90¼ 4 88 4 90¾ 4 86 4 87¼ 4 88¼ 4 87 4 82 4 86
4 83-" 4 85 4 84¼ 4 86¼ 4 87¼ 4 90 , 88 4 90¼ 4 85¼ 4 873' 4 82¼ 4 85 4 82¼ 4 85¼ 4 81 4 85
&o
a
days. days.
S.
4 88 4 90¾
4 88 4 90¼
Holiday .
4 88 4 !10¼
4 Ri 4 90¼
488 490~·
S.
4 87¼ ,t 90
4 87,¾ 4 90
4 87¾ 4 90
4 87¼ 4 89¼
4 67 4 89
4 87 4 89
N " vember.
60
a
days. days.
4 81 4 85¼
4 81 4 85¼
4 81 4 85¼
S.
4 81 4 85
H oliday.
481 485
4b1 4 81 ¼
4 81 4 84¾
4 81 4 84)9
Deccmr>er.
60
s
days. days.
4 81¼ 4 84¼
s.
4 81 4 84
4 81 ¼ 4 8~¼
4 81¾ 4 84¼
4 81¾ 4 84¼
48 1¼4 84¼
4 81¾ 4 85
s.
4 82 4 85¼
4 82¼ -I 86
4 81 4 81¾ 4 82¼ 4 86
4 81 4 84¼ 4 8·2¾ 4 86
4 80¼ 4 84 4 82¾ 488
480¼ 4 84 482¾ 486
4 81 4 84.¼
S.
4 81 4 St¼ 4 82¾ 4 86
8.
4 82¼ 4 86
4 81 4 84¼ 4 8:3 4 6ti¼
4 81 4 85 4 88 4 86,1'
4 81 485 '. 483 486¼
4 81 4 85 4 88 4 86¼
4 81 485
S.
4 81 4 83 4 88 4 86'°'
S.
H oliday.
4 81¾ 4 85 4 83 4 8113'
482 4 85¾' 4821/,4 86
4 82 4 8~¾ H2¼ 4 86
Holiday. 4 82¼ 4 86
4 82 4 SIS
S.
. . . . . .. . . . . . 4 82¼ 486
4 82 4 85¼ 4 81 4 863'
4 80¼ 4 84 , 81 C 8'
s.
1878.
Janu::.ry.
F e bruary.
:March.
April.
May.
Day of tiO
3
tO
3
60
3
60
3
60
3
Month.days. days. days. days. days. days. days. days , days. days.
1. ... Bol'day. 4.82¼ 4.8-t ¼ 4.84,½ 4.86,½ 4.87¼ 4.90 4. 87 4.89¼
~ - · 4.82¼ 4. 86
4.82,);$ 4.64,½ 4.84½ 4.86,½ 4.87 4.89 ½ 4. 66_¼. 4.89
3 .. .. 4.t-2 4 85 ½
S.
S.
4.87 4.89½ 4.86½ 4.89
4 . . . . 4.82 4.85¼ 4.82 ½ 4.84,Jef. 4.84 \q 4 86½ 4.87 4.89½ 4.86¼ U9
!l .. • • 4.82 4.85½ 4.82½ 4.84¾ 4. 84 Vt 4.86½ 4.97 4.89½
S.
6 . •. .
S.
4.82¼ 4.e4½ U '4¼ 4.86¼ 4.87 4.89,¾ 4.86¾ 4.89
7 •• • • 4.82 4.85¾ 4.82,½ 4.84¾ 4.84½ 4.86¾
s.
4.86¾ 4.89
I:\ • •• • 4.82 4.85½ 4.82½ 4.8t½ 4.84½ 4.86 ½ 4.87 4.89¾ 4. R6½ 4.89
9.... • 4.82 4.8>¾ 4.82¼ 4.84,½ 4.84,½ 4.8& ½ 4.86¾ 4.89 4.81i¾ 4.89
10 .. .• 4.82 4.85
s.
s.
4.87 4.89 ½ 4.86½ 4 89
tt .... 4.81¾ 4. 84½ 4.82¼ 4.84,½ 4,85 4.87 4.87 4.89¼ 4.8'.i,¾ 4,89
12 .... 4.81,¾ 4.84½ 4. 82¼ 4.84¼ 4.85 4 87 4.87 4.89½
S.
18 . ...
s. · 4.82¼ 4.84 4.85,¾ 4. 87,¾ 4.87 4.89.¼ 4.86,½ 4.89
14 ... . 4.81¼ 484¾ 4.82¾ 4.84.¼ 4.86 4.88
S_
4.86 48~¾
15 .. .. 4.81 ½ 4.81¾ 4.82½ 4.84½ 4.86 4.88 _ 4.86¼ 4.69 4.85,¾ 4.1:1 8
16 . ... 4.81½ 4.84 4.82,½ 4,84½ 4.86 4.88 4; ~ v 4. 89 4 85_¼ 4.88
17 ..• . 4.81¼ 4.84
s.
s.
4.86¼ 4. 89 4.86 4 88,J,ri
18 . . .. 4.82 4.84¼ 4 82.½ 4.84½ 4.87 4.89 4.· :· 4.89¼ 4.66 4 88¼
19 . . . 4.82 4.84½ 4.82½ 4.81½ 4.87 4.89 G' d F ri day.
S.
20 . .. .
s.
4.82½ 4.84¾' 4.87¾ 4.89½ 4.87 4.89¼ 4.86 4.68¼
21 .••• 4.82 4.84½ 4.BH 4.85 4.87½ 4.89¾
S.
4.86 4.Ld½
22 .. .. 4.82 4.114.¼ Holiday. 4 87¼ <t.89¼ 4.87 4.89 ½ 4.85½ 4.88
23 ••.. 4.82 4.84¼ 4.b3 4.85 4.87¾ 4.89,½ 4.87 4.8'l¼ 4 .85¾ 4.68
24 ...• 4.82 4.84¼
s.
s.
4.87 4.89 !i 4.85¾ 4. E8
25 .•• . 4.83 4.85½ 4.83 4.85 4.87¼ 4.89.¼ 4.87 4.Sf)½ 4.85½ 4.88
26 . . .. 4.83 4. 85.¼ 4.83¾ 4.85¼ 4.87½ 4.89¼ 4.87 4.89¾
s.
Z'/ .. •
S.
4.84 4.86 4.87½ 4.69¼ 4.87 4.89,½ 4.8i½ 4.87
28 .. .. 4.83 4.85½ 4 84 4.86 4.88)1$ 4.90~
S.
4.83 ~; 4 86
29 . ... 4.S:J 4.85½ ..• •• .•.. . . 4 88½ 4.00½ 4.8? 4.89,½ 4.83½ 4.86
.1'0 • . 4 .83 4.81'>¼ .. ••. . •. . ..• 4.88½ 4.90½ 4.87 4.89½
Holiday.
31.. . • 4.83 4.85 . . • • . • . . . . •
s.
. .. ..... .... .4.e4 4 86
High . 4.83 4.86
I.ow . 4.81¾ 4.84
Day
Of
4.84
4.82
4.81>
4.84
4.88½ 4.90¼ 4.87½ 4.90
4.81½ 4.86,½ 4.86¾ 4.89
June.
July.
60
3
GO
3
days. da ys. days. day1:1.
4.84,½ 4.Sti¾ 4.Sli 4. Sti¼
8.
4.f6 4.88½
4. 4¾ 4.8f\½ 4.86 4.88¼
4.85 4.S7
Bol:day.
4.85 4. 87 4.85 4.88
4.85 4. 87 4.85 4.88
4.85,½ 4.87¾
s.
4.85,½ 4.87.¼' 4.84 4. 87
S.
4.84 4.87
4.85¾ 4.87¼ 4.84 4.8 7
4.85½ 4.87¼ 4.84¾ 4.87½
4.d5¾ 4. 87½ 4.84½ 4 87½
4.85,½ 4. 87½ 4.84¼ 4.87½
4.85½ 4. 87¾
8.
4.85¼ 4.87¾ 4.84 4.87
S.
4.83½ 4.86,¾
4.85½ 4.87,½ 4.83¼ 4.86¼
4.85¼ t .87.¼ 4.83,½ 4.86.¼
4.85¾ 4 .87¾ 4.83¾ 4.86½
4.85X , .87,½ 4.83½ 4.86¼
4.lr,}t' 4 .87.½
S.
4. 85½ 4.87½ 4.83 4.F6
S.
4.83 4.86
4.85½ 4.87¾ 4.83 4.86
4.S'i 4.88 4.83 4.86
4.86 4 .88 4.83 4.56
4.86 4. 88¾ 4.83 4.E6
4.6~ 4. 88t'
S.
4 86 4.88½ 4.83 4.86
S.
I4.83 4.86
..... .. ... . . ~4.8=:3 ;.86
4.87 4.89¼ 4.8a 4.88 ¼ 4;86
4.83,¾ 4.86 4 84¼ 4 86¾ 4.63
August.
September.
October. · November. December.
W
3
60
3
60
3
60
3
tlO
3'
<lays. days. days. days. days. days . daye. days. d ays. days!l
4.82¼ 4.8ti
8.
4.81 4.85¼ 4.82¾ 4.88
S.
4.83 4.i::fi,½ 4.84 4.88½ 4.61 4.85¼ 4.82½ 4.88 4.82 ~- 4. 86_½1
4.83 4.86½ 4.84 4.S8½ 4.81 4.85¼
S.
4.E2 4.8G¼ '
s.
4$~½ 4.e8 4. 81 1.85,¾ 4.82 4.87½ 4.82 4.SG½
4.83½ 4.87 4.82.½ 4.87 4.81 4.85½ Holiday. 4.82 4.86_¼
4.8~¾ 4.1:7½ 4.82¼ 4.87
S.
4.fl,¾ 4. 86,½ 4.82½ 4.87 ·
4.83,½ 4-87¾ 4.82,½ 4.87 4.81 4.85½ 4.80½ 4.85,½ 4.82,¾ 4.87
4.83½ 4.87½
S.
4.F O½ 4.85 4.81 4.86
S
4.83¾ 4.87¾ 4.82.¼ 4.87 4.80,½ 4.85 4.81 4.8£ 4.83 · 4.67½
4.84 4. 88 4.82 4.86¼ 4.80 4.84½
s.
4.83 4.87.¼
S.
4.d2 4. E6½ 4,79½ 4.84 4.81¼ 4.86¼ 4.83 4.87¾
4. e4¼ 4.88¾ 4.82 4.86½ 4.79,½ 4.84 4.81½ 4 86¼ 4.83¼ 4.88,,
4:S5 4.89 4.~2½ 4. 87
s.
4.81¾ 4.86,¾ 4.93¾ 4.88
U5 4.89¾ 4.82½ 4.87 4.78½ 4 84 4.82 -4.86¼ 4.83½ 4.88
4.85 4.89 ½
S.
4,79 4.84,½ 4.82 4.E6¼
S.
4.85 4.8''½ 4.F2½ 4.87 4.79,¾ 4.85,¾ 4 82 4.86¾ 4.P3½ 4.88
4.85 4.89,½ .J.'l2¼ 4.87 4.79.¼ 4.85¼;
s.
4.83¼ 4.88¾
S.
4.82¼ 4.87 4.60 4.8ti' 4.82 4.8@½ 4.811¾ 4.88¾
4.85 4.89 ½ 4.82½ 4.87 4.80 4 86 4.82 4. P6¾ 4.83-½ 4.88½
4.85 4.89½ 4.82¼ 4.87
S.
4.E2 4.86,½ 4.8!3¼ 4.88¾
4.84,½' 4.89 4.82½ 4.67 4,80¼ 4.86½ 4.82 4.86,¾ 4.83;( 4.89 ·
4.84¼ 4 8:J
s.
4.81 4.87 4 82½ 4.87
·s.
4.1::3½ 4.e8 4.82½ 4.67 4.82 4. 88 4.82,¾" 4 87 4.83.¼ 4.R9
4.83¼ 4.88 4.82 4 86.½ 4.82 4.e8
s.
4.83¾ 4.89
S.
4.8~ 4.86.¼ 4.82½ 4.88½ 4.82½ 4.87
Holiday.
4.83!{ 4.88 4.82 4.86½ 4.82½ 4.88¼ 4.82 4.86¾ 4. 88 4.88½
4.83.½ 4.88 4.81.¼ 4.86
S.
4.f2 4.86,½ 4.83 4.88½
4 Bi 4. 88½ 4.81¼ 4.86 4.82½ 4.8S½ Holiday. 4.83 4.88¼
4.84 4.88¾
S.
4.82½ 4-88,½ 4.P2 4.86¼
S.
4.84 4.S8½ 4.81¼ 4.86 4.82¼ 4-88½ 4.82 4.86½ 4.82 4.87½
4.84 4.88½ ...... . . . . • . 4.82¼ 4•88 ... . .. ... . .. 4.82 ;; 4.87¼
4.8S½ 4.E5 4.89½ 4.84 4.88½ 4.82¼ 4.88¾ 4.82½ 4 88 4.83½ 4 89
4.86 4.82.½ 4.So 4.bl ¼ 4.86 _4.78¼ _4.84_ '.i-80½_4.85,½'. 4.82 -· 4.86Y,
1879.
J anua ry.
February.
.r.~- ~oJomf~~- fii½~~~td
s.
2 ... .4.82 4 .!'7~
3 .. . .4.82~ 4.87 _ 4.85½ 4.88½
4.86 4.88½
4. 6 4.88½
4.86 4.88½
6 .. . .4.83 4.88
4.86½ 4.89
4.861'.1·89
9 . . . .4.83½ 4.87½
10 ... . 4.84 4.88
4.86~ 4.89
4.86 ·4.89
11 . . .. 4 .84 4.88
4.86:½ 4.89
12 .. . .
s.
13 ... . 4.84½ 4 .88½ 4.86½ 4.89
14 . . . . 4.84¼ 4.88~ 4.86½ 4.89
15 .... 4.85 4.88
4.861: ·89
16 . . . . 4.85 4.88
17 . . . .4.85 4.88½ 4.86½ 4.89
18 . ... 4.85 4.88½ 4.86½ 4.89
4.86 4.89
19 . .. .
s.
4.86 4.89
20 ... .4.85½ 4.89
21 . . . .4.86 4.89½ 4.86 4.89
H oliday.
22 . . . . 4.86½ 4.69½
s.
23 . . .. 4.86 4. 9
4:86 4.89
24 . . . .4.86 4.89
4.89
4.86
25 . .. .4.86 4.89
4.86 4.89
26 . . . .
s.
27 ... .4.85½ 4.88½ 4.86½ 4.89½
28 . .. . 4.85½ 4 .88½, 4.86½ 4.89½
29 ... .4.85½ 4.88½ ... ... ······
30 ... .4.85½ 4.88½ ..... . ··· ···
31 .. · .-!.85½ 4.88½ .. .... .... ..
t ::: :4.82,,:-87½
i ::::U~~!:~
March.
60 d. Sii ht.
4.861: · 9½
4.87 4.90
4.87 4.90
4.87 4.90
4.87 4.00
4.87 4.90
4.87 4.90
s.
4.87 4.9J
4.89½ 4..90
4.87 4.00
4.87 4.89½
4.87½ 4.90
4.871: ·oo
4.87½ 4.90
4.87 4.89½
4.87 4.89½
4.87 4.89½
4.87 4.89½
4.87 s:·89~2
4.86 4.88½
4.85½ 4.88
4.85½ 4.88
4.86 4,88½
4.86 4.88½
4.b61: ·89
4.86½4.81:J
Higll .4.86½ 4.89½ 4.86½4.89½ 4.87½ 4.90
4.87½ 4.85¼4.88½ 4.85¼ 4.88
Low ..4.82
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
April .
~?sg½~~%~t.
4.87
4.87
4.87
4.87
May.
fs~·
4.87
~-~~
s.
4.88~ 4.88½ 4.90
4.90
s:·88 _ 4.88½
4.88½ 4.90
4.89½
4.89
4.87
4.89
4.89
4.&7 4.88½
s.
4.87 4.88½
4.87 4.89
4.87½ 4 89
4.86½ 4.88~ 4.87½ 4.89
4.86½ 4.88
4.87:½ 4.89
4.8~:·89
4.89½
4.861:•88½ 4.88
4.88 4.81:J½
4.86½ 4.88½ 4.88 4.89½
4. 87 4.88½ 4.88 4.89½
4.87 4.88½ 4.88 4.89½
4.87 4.88¼ 4.88 4.89½
4.87 4.88½
s.
4.81 4.88½ 4.88 4.89½
s.
4.88 4.89½
4.86½ 4.88
4.88 4.89½
4.87 4.88½ 4.88½; 4.90
4.88½ 4.90
t~~ 4.881:·90
4.87 4.Sf½i
4.87 4.88½ 4.88½ 4.90
4.88½ 4.90
s.
4 .87 4.88½ 4.88 4.89½
4.87 4.88½ 4.88 4.89½
4.87 4Jl8½
Holiday.
4.88½ 4.9()
! ~3\}A~~
ti~
June.
60 d. Sight.
0:- u!y. ·
fsg
½~-~
4.86½ 4.88½
4.86½ 4.88½
H oliday.
H oliday.
· S.
August .
September .
October.
November. December.
60 d. Sigh t . 60 d. ,-;,.l..izbt. 60 d. Sight .
~ -~ t- 4.82½4.84½ 4.81:,i ;:•b3½ 4.81½ 4.84
~?8i · ~-i ~t.. ~?8i·
4.83
4.85
s.
4.83 4.85
4.88½ 4.90
4.83 4.85
4.88½ 4.90
4.83 4.85
4.86½4.88~ 4.83 4.85
4. ~: -90
4.83 4.85
4.86½4.88
4.88½ 4.90
4.86½ 4.88½ 4.83 4.85
4.88½ 4.90
4.86½ 4 .88½
s.
4.88 4.90
4.86½ 4.88½ 4.83 4.85
4.88 4.90
4.861:•88½ 4.82½4.84½
4.88 4.90
4 .82½4.84½
4 .88 4.90
4.86½ 4.88½ 4.82½ 4.84½
s.
4.86¼4.58½ 4.82½4.84~
4.88 4.90
4.86½ 4.88½ 4.821:·84
4.88 4.90
4.86½ 4.88½
4.88 4.90
4.86 4.88
4.82½ 4.84¼
4.88 4.90
4.86 4.88
4.82½ 4.84~
4.88 4.90
4.82½4.84
s.
4.88 4.90
4.85½ 4.87½ 4.82½4.84½
s.
4.85 4.87
4.84½ 4.84½
4.88 4.90
4.85 4.87
4.821: ·841/2
4.87½ 4.89~ 4.85 4.87
4.87½ 4.89
4.85 4.87
4.82 4.84
4.87 4.89
4.85 4.87
4.82 4.84
4.87 4.89
4.82 4.84
s.
4.87 4.89
4.83½4.85½ 4.81½ 4.83~
s.
4.83½ 4.85½ 4.81½ 4 .83
4.86¼ 4.88½ 4.83½4.8~ 4.811:•83½
4.83½4.85
4.82
4.82
4.82
4.82
4.82
4.82
4.82
4.82
4.82
4.82
4.82
4.84
4.84
4.84
4.84
4.84
s.
4.84
4.84
4.84
4.84
4.84
4.84
4.82
4.82
4.82
4.82
~.82
4.82
4.82
4.82
4.82
4.84
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
4.82 4.84
4.82½4.84½ 4.81½ 4.83½
4.82½ 4.84½ 4.81½4.83½
4.82½ 4.84¼ 4.811 :·83½
4.82½ 4.84½
4.82).p 4.84½ 4.81½ 4.83½
s.
4.81½4.83½
4.82 4.84
4.81½4.83½
4.82 4.84
4 .81:½4.83½
4.82 4.84
4.81~.i 4.83½
4.82 4.84
4.811:•83½
4.82 4.84
4.82 4.84
4.81½4.83½
4.81½4.83½
s.
4.82 4.84
4.81½4.83½
4.82½ 4.84½ 4.81½4.S3½
4.81½4.SS½
s.
4.81½4.84
4.81½4.83½ 4.82 4.84½
4.82 4.84¼
l~\1U~½ 4 .83 4.85½
4.80½4.83½ 4.83
4.80½4.83½
4.8ov.83½ 4.83 4 .85½
4.82:½4.85
4.80½4.83½ 4.82½ 4.85
4.80:½4.83½ 4.82½4.85
4.80½4.83½ 4.62½ 4.35
4.80½4.83½ 4.821:·85
4. 0½4.83½
4.801:•83½ 4.81½4.84
4.82 4.84½
4.81 . 4.84
4.82 4.84½
4 .81 4.84
4.82 4.85
4.81 4.84
4 .82 4.85
4.81½4.84½ 4.82 4.85
s.
4.81½4.84½
4.811:·84}<~ 4.82 4.~
4.82 4.
4.81½4.84½ 4.82 4.84½
Holiday.
4.81 4.84
4.81 4.84
4.82 4.84¼
4.82 4.84½
s.
4.82 4.84¼
4.S11:·84
4.81½ 4-~
4.81½4.84
s:-Sb½
llf~~~J'.i
4.87 4.89¼ 4.88½ 4.IX
4,88½ 4.90. 4.86¼4.88~ 4.83 4.85
4.82¼ 4.84½ 4.82¼4.84½ 4.81½ 4.84¾ 4.83 4.81\i ~
4.86½ 4.88
4.87 4.88,~ 4.86½ 4.88¼ 4.83½ 4.85
4.81½ 4,83¼ 4.80½4.88½ 4.81½ 4.84 . .
4.81¼4.88¼ 4.82 4.84
30
1
FOREIGN .EXOR.ANGE.
1880.-The comse of exchange in the early months tJf the year was quite steady, and although there w.t.::i no !'~turn of
,ecurities from abroad as in 1879, the very large importation of foreign merchandise kept up tht:> demand for bills. /n May
prices of sterling bills were so firm that exports of specie were apprehended. In July, however, rates began to fall off, as the
import'J of f oreig~ Aierchandise had been considerably checked by the decline in pri_ces here ; and after July prices of
ex~hll.nge so fell off that the importation of specie commenced, which was well kept up until the end of the year, and resulted i¥
tne 1-eceiPt 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 :ifter stiffening up in February were
quite demoralized after the ~5th of that month by the flurry in the money market. After the middle of April rates became
firm and so remained till August, when there was another decline to low prices, which lasted without substantial recovery till
the end of the year. The excess of imports over exports of specie for the twelve months ending November 30 was $62,986,036,
against $59,342,990 in 1879-80; but for the five months, July-November, 1881, the excess of imports was only $24,408,228,
against $52,593,"842 in 1880. In January, 1881, an attempt was made by some of the principal drawers of exchange to alter
the meth od of quoting sterling bills to the per cent basis-thus, the price of 98 for a bill meaning 98-100 of the face value.
reduced to dollars at the legal valuation of $4·8665 to the pound. This plan, h owever, wa:;- fo und unpopular, and was soon
~bancl on~d.
1882.-The general prosperity of the three years ending with 1881 had stimulated the importation of foreign merchandise
while on the other hand the small crop of 1881 left the United States a smalJ surplus for export. The natural result followed
and in March 1882 prime bankers' sterling bills were quoted at 4 89½@4 90,½ (posted rates), and in the half-year endipg
June 30 about $33,500,000 of gold and silver was exported? while in the correspondh1g period of 1881 about $23,000,000 was
imported. In the lat.ter part of ~h year the aspect materiall:r changed, mo~e from the very large _exports of c<;>tton than fr~m
any other single cause, and dunng the last three months of 1882 the United States was a receiver of specie from foreign
countries in moderate amounts.
.._. _
_
..r-, ,,..
l~ ~O.
Day
Jaouary.
of
Mo. 60d. Sight.
Holiday.
1 . ..
2 ..• • 4.81~ 4,84½
3 .. •• 4.81 4,84½
4... .
s.
5 .•• • 4.81½ 4.84~
6 .. .. 4.81½ 4.84
7 .. .. 4.82 4.84 2
8 .. .. 4.82 4,84½
9 .... 4.82½ 4.85
10 .... 4.82½ 4.1:::"·
11. ...
s.
12 .... 4.83 4.85¼
18 .... 4.83½ 4.86
14 .... 4.83 4.85½
15 .... 4.82~ 4.85
16 .... 4.82 4.85
n .... 4.82½4.%
18....
s.
19 .. . . 4.83 4.S.'5
20 ... . 4.83 4.85
21.. .. 4.SS- 4.85
22 .. .. 4.83 4.85
23 .. .. 4.83 4.85
24 .... 4.88 4.85
25 ....
s.
26 . ... 4.82 4.84
'n .... 4.82½ 4.84½
28 . . . . 4.83 4.85
29 .... 4.83½4.85!,,i
30 . .•• 4.~4.85½
31 . .. • 4.
4.85,½
February.
60d. Sight.
s.
4.83~4.85½
-1.82 ~ 4.85
4.83 t .85½
4.83 4,85½
4.83~4.86
4.81 4.86
s.
4.83,½ 4.86
4.8,'3~ 4.86
4.83½4,86
4,83½ 4.86
4.84 4.86½
4.84 4.86½
s.
4.84 4,86½
4.84~4.87
4.84 -1.87
4. 4~4.87
4.84 4.87
4.84,¼4.87
B.
H oliday,
4 .85 4.87½
4.85 4.87½
4.85 4.87½
4.85 4.88
4.85 4.88
High 4,83½ 4.80
Low .. 4.81½ 4.84
······. .....
.......
.....
4.85½4.58½
4.85½4.88½
4,85½4.88½
May.
r.>sg~~i-~~ ~?J·
s.
4.85~ 4.88,½
1.851 4,88½ 4.85,½4.88½
4.85½4.88½
4.86 4.89
4.86 4.89
4.86 4.89
4.86 4.89
4. 6 4. 9
4.86 4.89
4.86 4.89
4. 6 4.89
4.86 4.89
s.
4.86 4.81>
4.80 4.89
4. 6½, 4.89~
s.
4.85)64.88½ 4.86½ -.!.89½
4.85½4,88½
4.85,½4.88~
4.85,½4.88
4. 6½~4. 9½
4.85 4.
4.85 4.88
4.86½4.89½
s.
4. 6~4.89½
4.85 4.88
4.86 , 4.89~
4.85 4.88
4.86½4,89
4.85 4.88
4.80½ 4.89½
4.85 4.88
4.86,¼lsox:;
4.85 4.87½
4.85 4.87½ 4.87 4.90
4.8·7 4.90
s.
4.85 4.C::
4.87 4.90
4.85½4.88¼ 4. 7 4.90
4.&i 4.89
•1. 7 4.90
4.Go 4.89
'1.87 4.90
4.86 4. 9
s.
. .... . .. .... Holiday.
4.85 4.88
4. 2½4,85
4.R6
4.85
4.86
4. 5
March.
:?al
~ -~t.
4.85 4.88
4.85
4.85
4.85
4. E::,
4.88
4.88
4.88
4.88
s.
4.85 4.88
4.85½ 4.88¼
4.85½4,88½
4.85½ 4.88½
4.85~ 4.88: ;
4.8&, 4.88).,:
s.
4.85~ · 4,8'{½
!:8g~!:~~
4. 5½4.89
4.85,½ -.:C .89
4.85½ 4.89
s.
4.857154,89
4.86 4.89
4.80 4,8!)
4.86 4.89
G'd l!'riday.
4.8:; 1.8::>
s.
4.89
4.88
April.
1:t~t.
!:J~t~8~
.Tune.
July. 0
i?s~· 81.i8t.
81.%¥~
4.87 4.90
4.85 4.87~
4.87 4.90
4.85 4. 7
4.87 4.90
s.
4.87 4.90
Holid,Ly.
s.
4.85 4.87½
4.87 4.90
4.87 4.90
4.87 4.90
4.85 4.87½
4.87 4.90
4.85 4.87½
4.87 4.90
s.
4.87 4.YO
4. t 4.86½
s.
4.84 4,86½
4.86½ 4.89½ 4.84 4.86,½
4.86½4.89~ 4.84 4,86½
4.86½ 4.89 2 4.83,½4.86
4,86½ 4.89
4,83½ 4.80
s.
4.88½4.85½
s.
4.88½ 4.85}<.,
4.83 4.85
4.86½4.89
4.83 4.85
4.86½ 4.89
4.83 4.85
4.83 4.85
4.86 4.88½
s.
4,86 4.88½ 4.S.':! 4.85
s.
4.83 4.85
4.85)~ 4.88
4.83 4.85
4.85 4.87½ 483 4 . 5
4.85 4.87½ 4. 3 4.85
.
4.83 4. 5
:?J·
n+~
t~g
t~~!:~t
!:~~~U8
....... ... .
4.89
4.87 4.90
4.87
4.87½ 4.85½4,88½ 4.85
4.85
4.90
4.87½ 4.83
August.
60 d. Sight.
s.
4.83 4.85
4.83 4.85
4.83 4.85
4.83 4.85
4.83 4.85
4.83 4.85
s.
4.83 4.85
4 .83 4.85
4.82½4.84½
4.82½4.84½
4.82~4.84¼
4.82 ~4.84½
Jtieg~esfizb~L
4.82 4.84
4. :.:l 4.84
4.82 4.84
4. 2 4.84
4.82
4.82
4.82
4.82
4 .82
4.82
s.
4.84
4.84
4.84½
4.84½
4.84½
4.84½
s.
4.82 4.84½
4.82 4.84½
4.82 4.84½
4.82~ 4.84½ 4.82 7.84¼
4.82 · 4.84½ 4. 2 4.84¼
4.82½4.84½ 4.82 s~•84½
4.82½ 4,84~
4.82½4,84
4.82
4.82½4,84½ 4.82 t t~
4.82 4.84½
s.
4.82½4,84~ 4.82 4.84½
4.82½4,84 _ 4.82 4.84½
4.82 4.84
4.82 4.84½
4.82 4.84
s.
4.82 4.84½
4.82 4.84
4.82 4.84
4. 2 4.84½
4.81½4
,84
s.
4.82 4.M
4.81½4,84
.... ... .. ...
4.82 4.84
4.85
4.84
4.87½ 4.83
4.85
4.82
October.
60 d. Sii&t,
4.81~4.
4.81 4.84
s.
4.81,½4.84
4.81,½4.84
4.81½4.84
4.81½ 4.84
4.81½ 4.84
4.81½ 4.84
s.
4.81,½4.84
4.82 4,84½
4. 2 4.84½
4.82½ 4.85
4.82½ 4.85
4.82½ 4.85
s.
4.82 4.84~
4.82 4.84½
4 .82 4.84½
4.82 4.84½
4.82½4.85
4.82½ 4.85
s.
4.82 4.84½
4.82½4.85
4.82½4,85
4.b2 4.84½
4.82 4.~
4.82 4.
s.
November.
~?a~·
81.'fll~
Holiday.
4.82
4.82
482
4.82
4.84½
4.84
4.84
4.84
s.
4.81½ 4.83½
4.81½4,83½
4.81M4.83½
4.81!-,4.83½
4. l!,g4.83½
4.81½4.83½
s.
4.81½ 4.83~
4.81½4,83¼
4.8 1 4.83
4.81 4.83
4.81½ 4.83½
4.81½4,83½
s.
4.81½4.83¼
4.81 4.88
4.81 4.83
Holiday.
4.81 4.83
4.81 4.83
8.
4.80½4.82½
4.79½4.81½
....... .... .
4.82 4.84,½ 4.82½4,85
4.81½4,84
4.81½4.84
JanuRry.
February.
March.
April.
May.
6°a~li~1;lt. ~oJ· ~~t. ~os3½81~t. :oai½81~t. 60 d. ~ight.
2 .. .
S.
4 83 4 86
4 80½ 4 83
4 81½ 4 84
4 84 4 86
84
86
! 5t ½1t~ 1~
481½:!484 148585½!4 8877½
5 . . .. 4 80 4 82½ 4 83 4 86
4 81 4 83½ 4 81½ 4 84
6 ... . 4 80½ 4 83
s.
s.
4 81½ 4 84 4 85 4 87
7 . . . 4 80¼ 4 83 4 83 4 86
4 81½ 4 84
4 81½ 4 84 4 85 4 87
8 .... 4 80½ 4 83 4 88 4 81:S
4 81½ 4 84 4 82 4 84½
S.
9 ...
S.
4 83 4 86
4 81 4 83½ 4 82 4 84½ 4 85 4 87
8
482 484½
12 .. . 4 80½ 4 84 . <\ 83 4 86 4 80 4 82½ 4 82 4 84½ 4 86 4 88
13 .. .. 4 80½ 4 84
s.
s.
4 82 4 84½ 4 86½ 4 88¼
14 . ... 4 81½ 4 84½ 4 83½ 4 86¼ 4 80½ 4 83 4 82 4 84¼ 4 86½ 4 88½
15 .... 4 81½ 4 84½ 4 84 4 87 4 81½ 4 84 G'd li'rid:ty.
S.
16 . . .
s.
4 84 4 87 4 81 4 83½ 4 82 4 84½ 4 86½ 4 88½
17 ... . 4 81½484¼ 484 487 481 483¼
s.
4 '6 488
18 . .. . 4 81½ 4 84¼ 4 84 4 87
4 81½ 4 84 4 82 4 84½ 4 86 4 88
4 85
87
4 81
84
~½
s~
½s~
1 ~~
~½
~1 .. . 4 82 4 85
4 84 4 86½ 4 81 4 83½ 4 82 4 8-1.½ 4 84¼ 4 86½
22 .... 4 81½ 4 84½ Holid ay. 4 80¼ 4 83 4 82½ 4 85
s.
23 . .
e.
4 83½ 4 86
4 80½ 4 83 4 82½ 4 85
4 84 4 86
24 ... . 4 80~ 4 83½ 4 83 4 85½ 4 80½ 4 83
S.
4 85 4 87
25 . . 4 81 4 84½ 4 81 4 83½ 4 SO½ 4 83
4 83 4 85¼ 4 85 4 87
2tl .. . 4 81 4 84½ 4 80 4 82¼ 4 80½ 4 83 4 SS½ 4 86
4 85 4 87
27 ... 481 484½
s.
s.
483½486
484 486
28 • • . 4 82 4 85
4 79 4 81¼ 4 81 4 SB½ 4 83½ 4 86
4 84 4 86
29 .. . . 4 8:.l 4 85
. .•. . . . ... 4 81 4 83½ 4 84 4 86
s.
80.. ..
S.
. . . . . . . ..... 4 81 4 83½ 4 84 4 86
Holiday.
31. . .. 4 82¼ 4 85½ . . . . . . . . . .. . 4 81 4 83,½ . • • . . .. . . . . 4 84 4 86
¥.~~:
L:
!J !~} !~~
½L·. !~x;!~~ !~ !fill !~
1~~~
ri~~- i
D ay
of
¥~~:
2 .. ..
3....
4 ...•
5 .•..
6 . •••
7 .. .
8 ... ,
9 . •••
10...
11 .. . •
~½
:oJ½~,%~~
!'t~). re~
,,.
84¼ 4 86½
85 4 87
85 4 87
84¼ 4 H6~
4 84½
4 84g
4 84
4 84
a
4
4
4
4
!~Hi~ t t~ s.1~g½
! t~ ! ~xJ
~8:-:: ! ~½½ 1
..........
June.
July.
August.
:oJ. 81i~t.
:oJ. 11figt.
4 84 4 86
4 Si½ 4 86½ 4 83 4 85
4
4H84~~~d4·ay.,L 14~83 44f855
e.
86,,.
86½ 4 83
86½
86½ 4 83
86½ 4 83
484~s486½
4 84 4 86½
4 841 4 86s
4 84½ 4 8tl
4 84¼ 4 86
4 84½ 4 86½
4 84¼ 4 86½
4 84½ 4 86½
4 84½ 4 86~
4 84½ 4 86
481½486
4 84.½ 4 d6 _
4 84½s4
4 8i¼ 4
4 84½ 4
4 84½ 4
4 84½ 4
4 8-.1½ 4
4
4
4
4
23
24 ....
25 .. .
26 .. .
27 ••••
83
February.
s iz~~
4 85 4 00½
4 85 4 90½
4 85 4 90½
M arch.
:oJ. 81W~
4 86 4 90½
4 86 4 90½
4 86 4 90½
s.
s.
4 90½ 4 86 4 90½
4 90
4 86 4 90½
4 90
4 86 4 90½
4 90~ 4 86 4 90
4 911 4 86 4 90
4 1:10
4 86 4 90
8
8
4 oo,½ 4 86 4 9o
4 00~ 4 86 4 90
1°J· 4
4
4
4
4
4
4
85
85
85
85
85
85
4
83½ 4
84½ 4
84½ 4
4 85
4 85
4 85
4 85
4 85
485
87 4 85 4 90½
87¼
S.
88½ 4 85 4 90
88¼ 4 85 4 90½
d.
t-tolld»y.
4 89
4 85~ 4 90
4 89½ 4 85 4 90
4 89½ 4 85 4 90
4 89½
s.
4 90
4 85½ 4 90
4 0
s~oo
~-~- - .~ ..
4 00½ . . ..........
4_90½ . . . . .. • • . . . .
¥ 1!.h•• 185
1982½ 1~
81
._
!~
!~
4 83 4 85
4 83
4 83½ 4 85½ 4 82
4 83½ 4 85½ 4 82
484½ 4 86¼
4 84.½ 4 86½
4 84½ 4 86¼
4 84½ 4 86½
. ••. . • . . . . . .
.. --·-
Septemb'r.
October.
November. December.
io8g~~~t. ~os3½ 8J~t. ~o8i~81i~~ ~o8
4 80~ 4 84
d.
4 81½ 4 85½ 4 81 4 85
480
84
481
85
1~
s~
4 80½ 4 84½ 4 79½ 4 83½ 4 81 4 85 4 81 4 85
4 80½ 4 84¼ 4 79½ 4 83½
s.
4 81 4 85
4 81 4 84½ 4 79½ 4 83½ 4 81 4 85
4 81 4 85
4 81 4 84¼ 4 79¼ 4 83½ Holid~_y. 4 81 4 85
4 81 4 84½
S.
4 81 4 85
4 81 4 85
481
481
84
85
8~ ½
8~
4 81 4 84.½ 4 79½ 4 83¼ .4 81½ 4 85
4 81 4 85
4 81 4 84ij 4 79¼ 4 83½
s.
4 81 - 4 85
4 81 4 84 4 80 4 84
4 81½ 4 85
4 81 4 85
4 81 4 84
4 80 4 84 4 81½ 4 85
4 81 4 85
4 81¼ 4 85
s.
4 81½ 4 85 4 81 4 85
481½ 485 4 0 484 481½485
481 485
S.
4 80½ 4 84½ 4 81½ 4 85
S.
4 81
5
:
1
t~
½l 8
1 ~
4 Sl¼i 4 85
4 80½ 4 84½ 4 81½ 4 85
4 81 4 85
4 81½ 4 85 4 80½ 4 84½ 4 80½ 4 84½ 4 81 4 85
4 81½ 4 85
s.
4 SO½ 4 84½ 4 80½ 4 84}i
4 81½ 4 85 4 81 4 85
Holiday. 4 80½ 4 84¼
e.
4 81½ 4 85½ 4 80½ 4 84½
s.
Holiday. 4 81½ 4 85½ 4 80½ 4 84½ Holid~y.
481 484½ 481½485½
s.
480 484
4 81 4 84½ 4 82 4 86 4 81 4 85
4 80 4 84
... 81 4 81½ 4 82 4 86
4 81 4 85
4 80½ 4 84¼
i ~0½ 4 84
S.
4 81 4 85
4 81 4 8:'I
• •. . . . .. . . . 4 82 4 86
. .. . . . . .. . . . 4 81 4 85
i" ~imt.
l
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!it~!~~~ !~}½Hg
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~g 1ro~ 1
S.
4 83½ 4 85¼
4 83¼ 4 85½
483½485¼
4 83g 4 85½
4 83 4 85½
4 83 4 85¼
4 84½
4 84½
4 8l!i ~ 'l4
4 81 -! 84
4 80¼: 4 84
480½48f
S.
4 80½ 4 84
4 80¼, 4 84
4 80½ 4 84
~ t~ 1~~
! ~¼ ! ~ i Mtt ! ~ i ~~
s.
s.
4.80~4. ~
4.81,. 4.84
4.81 4.84
4.81½4.84¾
4.81½4.84¼
1
~
Hi
1
iA~ ! ~~~ ! ~ l ~
1 88'!.
January.
60 d. 8~ight.
Holida._y.
4 81 4 85
4 81 4 85
4 81 4 85
4 81 4 85
4 81 4 85
s.
4 81½ 4 85½
4 82 4 86
4 82½ 4 86½
~ . :::
so ... 4 85
31. . . . 4 85
,u0 ,.
4 85
4 85
l4 88½
t}2 14 ~½
H~ S.! t ~
85¼
&6½
86½
86½
86½
86½
86½
i ~~ ! to 1 ~i½ ! M½ i rz½ i ri¼ 1~t ! ~½ 1 ~½ ! ~ l ~4
,
4
4
4
4
s.
4 85
8.
4 83 4 85
4 82).£ 4 84¼
s.
482 ~484½
4 84¼ 4 80¼ 4 82 4 84~
Ap·il .
:08~. 81Wt.
B.
4 87½ 4 90½
4 87ij 4 90½
4 87 4 90½
4 87 4 90½
4 !:i7½ 4 90¼
4 87½ 4 90½
s.
ru.ay.
t> ~½~i~~
4
4
4
4
4
7½ 4 90½
87½ 4 90¼
87½ 4 90½
87½ 4 90½
87½ 4 90½
s.
4 87½ 4 90½
4 87¼ 4 90½
4 87½ 4 90½ 4 87½ 4 90½
4 87½ 4 90½ 4 87½ 4 90½
June.
~o8~½~iigt.
4 87½ 4 90
4 87½ 4 90
S.
4 87½ 4 90
4 87½ 4 90
4 87¼ 4 90
4 87½ 4 90
4 87½ 4 90
4 87½ 4 90
s.
July.
:o~½ ~ i'iltt.
S.
4 86½ 4 9
H olid ay .
11
4 86 4 8872
4 86 4 88½
4 86 4 88½
4 86 4 88¼
s.
4 86 4 89
4 86 4 89
½L: ! ~½ ! ~½ 4 85
U+½
188½ ! ~+~s.gg~ !4 87½
~+~ i 88 ! re U8
14 . ... 4 83 4 87 4 85
4 87 4 90
4 00
4 86 4 9
4 87
90
8
½L:
483 -is7 !~ 188½ !~½!~3½
s~
1g+~!
88~ U+½ag½ 486 •489
17 .••• 4 83 4 87
4 85 4 90~ 4 85½ 4 89½ 4 87 4 90
4 ll7½ 4 90½ 4 87 4 89½ 4 86 4 89
18 ....
19....
20 . . .
21 . . .
22 ••
4 85
s.
480 4.83
4.80 4.83
4.80 4.83
4.80½4.83~
4.80xi 4.83!,g
Holiday.
4.82 4.84~ 4.81½4.84~
4.79½4.81½ 4.79 4.81
1881.
D ay
of
December.
60 d. Sight,
4.79½ 4,81~
4.80 4.82
4.80 4.8fil%
4. 0 4.8
s.
4.80 4,82¼
4.79!,t 4.82
4,79½4.82
4.79~4.82¼
4.79½ 4.82ij
4,79½4,82
s.
4.79 4.82
4.79 4.82
4.79 4.82
4.70 4.82
4.79½4.82~
4.79,½4.82~
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https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
OU
4 85½ 4 89½
S.
4 86½ 4 90
4 86½ 4 90
486,½490
4 87 4 9()
4 87 4 90
4 87 4 90
s.
4 87 4 90
4 87
4 87
4 87
4 87
487
4
4
4
4
87
87
87
87
4 90
4 90
4 90
4 00
490
s.
4
4
4
4
90
90
90
90
H+
188 !~i~gg~
4 87 4 90
S.
4 87
4 90
4 87½ 4 90½
4 87½ 4 90½
4 87!,<14 90½
S.
487½490~
4 87½ 4 9072
4 87½ 4 90½
4 87½ 4 90¼
4 87½ 4 90
4 87½ 4 90
H olrday.
Holida y.
. . .. . . . . . . . 4 87½ 4 90
s.
4 86 4 89
4 87 4 dO½ 4 86 4. 80
4 87 4 i,9½ 4 86 4 80
4 87 4 R9½ 4 86 4 80 ·
487 489½ 486 489
4 '37 4 89½
s.
4 87 4 89½ 4 86 4 89
S
4 86 4 89
4 flfl½ 4 89
4 86 4 89
4 86½ 4 89
4 86 4 89
August.
:oJ. ~iit.
4 86 4 9
4 86 4 89
4 86 4 89
4 86 4 89
4 86
4 86
4 86
4 86
4 86
4 86
s.
4 89
4 89
4 89
4 89½;
4 89½
s~ 89½
4 86 4 89¼;
mt
4 86
4 80
4 86
4 86
486
4 86
4 86
4 86
4 86
ag~
4 90
4 90
4 90
s.
4 90
490
4 90
4 90
4 90
4 90
s.
!~~
!~8 i~ S.U3 !~
!~
4 86½ 4 89
4 86 4 90
. • • . . • . . . . .. 4 86
4 89
4 86
4 90
4 90½ 4 87 4 90½ 4 87¼ 4 90½ 4 87½ 4 90¼ 4 87xi 4 90 "' 4 86½, 4 89
4 86
QU
4 Sti½ 4 89¼ ' 87 4 90
4 87½ 4 90
,l 86½ 4 89
4 86 4 88½ ,1 86
4 90
4 89
'
Septemb'r.
:osa, ~1~3t.
4 86 4 90
8
4 86 -i 90
4 86 4 90
4 86 4 90
! ig : ~8~
4 s5
4 89
S.
4 85 4 149
4 85 4 89
4 85 4 89
4 85 4 89½
4 84½ 4 89¼
4 84¼ 4 89½
s.
4 84½ 4 9
4 84½ 4 89
4 84 4 88~i
Ut½
1~½
4 83½ 4 88½
s.
October.
November. Decemoer.
60 d. S~ight. ~08~. ~i~~ t>s3½81~~
4 81¼ 4 86½ 4 81½ 4 5½ 4 80½ 4 84¼
~~ ~}~ ~~ 4 81 8-i 85 ·
4 81 4 86
s. ~ 4 81 4 85 '
4 81 4 86
4 81½ 4 85½ 4 8 l 4 85
4 81 4 86
4 \1%11alci½
4 8Hl4 86½ 4 81½ 4 85½ 4 so~ 4 84~
4 Rl ½ 4 86½ 4 81½ 4 85½
-S.
4 81¾ 4 86½ 4 81¼ 4 85½ 4 80½ 4 84½
4 82 4 86½
s.
4 81 4 85
4 82 4 86½ 4 81½ 4 85½ 4 l ½ 4 85½
4 82 4 86½ 4 81½ 4 85½ 4 1½ 4 85½
s.
4 81½ 4 85½ 4 81½ 4 85½
4 82 4 86½ 4 81½ 4 85½ 4 81½ 4 85½
4 82 4 86½ 4 81 4 85
s.
4 82 4 86½ 4 81 4 85 4 81½ 4 85½
4 82 4·86½
8.
4 Sl½i 4 85½
4 82½ 4 87 4 8 1 4 85
4 81¼ 4 85½
4 82
87
½s:
~~½ ~½
4 82½ 4 87 4 81 4 85
4 82 4 86
4 82 4 86½ 4 80½ 4 84½
s.
4
84
~~½
SO½S~ ½ 4
4 82½ 4 87 4 80 4 84
4 81½ 4 85½
4 82½ 4 87
4 80 4 84
4 81 4 65
S.
4 80½ 4 84½ 4 kl 4 Sf>
4 82½ 4 8'7
Holiday. 4 81 4 85
4 82 4 86½ • . . . . • • . . . . •
s.
U}~ 1
14 S3½
~~ 1~~ i
4 88½
4 82¼ 4 87¼
4 82 4 87
4 82 4 87
. • . . . . . .. . . .
!
!
1~g½ ! t½
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! r~
!~ .H~ a~½Hi
i
i?lifl~
a~
Ht½ !ig~1~
Si
FOREIGN EXOBANGE.
1883.-The imports of merchandise into the United States in 1888 fell off very materially as cempared with the previous
"{ear, while the exports of merchandise, particularly in the first six months, were considerably in excess of 1882. As a
consequence of this movement, it resulted that the balance difference in favor of this country was about $100,000,000 better
than, in the previous year. · The rates for bankers' bills were strong in May, June and July. After July, rates weakened,
and there was for a time a moderate import of gold; but this soon fell off, and in the late months of the year there was no
feature of importance•
. 1884.-In the early part of the year st~rling excha1 e ruled at very firm rates, owmg to the return of securities from
abroad and to the fact that the crops of 1888 had be • L small, and there was a small surplus for export after J an:!lary 1.
AB a consequence of this situation there was a net expo:.. .G of gold amounting to some $82,000,000 by the en~ of April, after
which came the May panic, upsetting money matters and checking the gold export. After July 1 the imports of merchandise began to decline and there was a better feeling in American securities ; also in the autumn months a large export
movement of cotton. Rates vf exchange fell off sharply in June and July, and there was a moderate importation of gold.
Ratesin August and September we"re firmer, and when they declined again and gold imports were beginning, the advance in
the Bank of England rate to 5 per cent, in October, checked the movement. During the bal.ance of the y~ar the rates fluctuated, .
1885.-In the early part or the year there was some investment demand for sterlmg bills from parties who wished to uave
their funds in London, where money was higher than in New York. In April the prospects of war between England a~d
Russia also advanced the rates for sterling, which were again reduced on the more pacific aspect in May. Rates were low. m
June higher in July and the early part of August, and then weaker again, so that a small amount of gold was imported. Du~mg
the balance of the yestr exports of grain and cotton were relatively small, but there was a considerable demand for .American
securities abroad, and rates did not touoh extrem~s in either di~ection. Late in December a sharp demand f?r :1hort b.111s put up
-prices temporarily and about $600,000 gold was shipped; but this was merely a flurry and rates fell off agam 1mmed1ately.
1883.
Day
20 . ..
s.
21 . . .
22 •• 4 821/4 4 86½
23 .. 4 83 4 87
24 ... . 4 83 4 87
25 .. . 4 83 4 86½
26 ... 4 83 4 86½
27 . ... 483 486½
8.
28 •••
29 .. . . 4 83 4 86½
High 4 83½ 4 87
L ow .. 4 81 4 85
4 84 4 86½ 4 86 4 89½ 4 86),2 4 90
4 84 4 87 4 82½ 4 85
4 85½ 4 89
4 8:J½ 4 86
4 82½ 4 85½ ! 81 4 83¼ 4 8~½ 4 85
¥~~:
2 .. . .
S
4::::
6 ... .
6 ....
January.
6~tu~\f:t.
4 81 4 85
4 81 4 85
481 485
4 81 4 85
4 81 4 85
s.
7 ...
8 ....
190.··.·. ·
11 .. .
12 •..
4 81 4 85
44 8812½ 44 8586½
4 82 4 86
4 82 4 86
4 82 4 86
4 82½S4 86 ½
482½486½
4 83 4 87
~ !
4 83 4 87
18 . . ..
'.
½t::
16 ...
17 . ...
~+
~+
½L: !
J.b
~.::: !~i~g+ :::::: :::::: !~! tt½ .~~.~~.~~
4
~i~~~
~o8
4 84 4 86½ 4 86 4 89½
s. ~
4 S.1 4 86½
486 489¾
483½486
4 83½ 4 86 4 86 4 89¾
4 86½ 4 90
S.
4 83½ 4 86 4 86½ 4 90
4 84 4 86½ 4 86½ 4 90
4 84 4 86½ 4 86½ 4 90
s.
4 84 4 87½
4 84 4 87½ 4 86½ 4 90
4 84 4 87½ 4 86½ 4 00
4 86½ 4 00
8.
4 84 4 87½ 4 86½ 4 90
~J·
g.
~i~~
August.
1ifi~t
4 84 4 87½
4 84 4 88
484 488
July.
June.
May.
April.
March.
Febru11.ry.
~OJ½ ts~t. ~o8i½~~t. 60 d. 8~ight.
4 82½ 4 85
4 82½ 4 85
4 83½ 4 87
4 82½ 4 85
4 83½ 4 87 4 82½ 4 85
482½485
s.
s.
4 82 4 84½ 4 83 4 85½
4 83½ 4 87
4 83½ 4 87 4 82 4 84½ 4 83½ 4 86
4 81½ 4 84 4 83½ 4 86
4 83½ 4 87
. s.
4 81½ 4 84
4 83½ 4 87
44 8383~ 44 8877 4 82 4 84½ 4 83½ 4 86
4 82 4 84½ 4 84 4 86½
?2
4 84 4 86½
s.
s.
4 83½ 4 87 4 82½ 4 85 4 84 4 86¾
4 83½ 4 87 4 82 4 84½ 4 84 4 86½
4 Slt: 4 84 4 84 4 86¼
! ~~ !
8
484 487 a t ½ t t 4 84 486½
4 81½ 4 84 4 H4 4 86½
4 84 4 87
~ ! t ! ~g~
4 83 s4 86 ½ 4 82
4 83 4 86½ 4 81½ 4 84 4 84 4 86½
4 83 4 6½ 4 81 4 83½ 4 84 4 86½
S.
J-lolictay. 4 81 4 83½
4 81 4 83½ 4 84 4 86½
4 83 4 86
4 83½ 4 86½ 4 81 4 83½ 4 83½ 4 86
4 86
83½
4
8.
8.
4 83 4 86 4 81 4 83½ 4 8.'l½ 4 86
482½485~ 481 483½ 483½486
4 83½ 4 86
4 82½ 4 85>u 4 81½ 4 84
S.
. . . . .• . . .. 4 82 4 84~
of
ao d. 8~1ght. ~aJ.
4 85½ 4 89
4 85½ 4 89
Holiday.
4 85g 4 89
4 85 1 4 89
4 85 4 89
s.
4 84 4 88
4 84 4 88
4 84½ 4 88
4 84½ 4 88
4 85½ 4 89
4 85½ 4 89 4 84½ 4 88
4 84½ 4 88
4 ti5½ 4 89
8,
4 85 4 88½
4 85 4 88½ 4 84 4 87!,g
4 85 4 88½ 4 83½ 4 87½
:~½ai½ 485 s488½
4 84½ 4 88 4 83 4 86½
s.
4 84 4 87½
~ 4 86 4 89½ -184~ 4 88 4 83 84 &6½
~ ~½ 4 sa 4 86¼
~~
s.
4 84 4 87,½ 4 83 4 86½
4 85 4 88½ 4 85½ 4 89
4 83 4 86½
S.
4 85½ 4 89
4 85½ 4 89
4 84 4 87½ 4 83 4 86½
4 '35½ 4 89
4 85½ 4 89
4 8 t 4 87M 4 SH 4 86½
8
4 85½ 4 89
4 84 4 87½ 4 83 4 86~i
4 85½ 4 89
4 85½ 4 89
S.
4 84 4 87½
4 i-5½ 4 89
4 85½ 4 89
484 4 87~ 4S3 486½
485,½489
'.
4 84 4 87~.3 4 83 4 86½
4 85½ 4 89
ll 85½ 4 89
4 8.'l 4 86½
8.
4 85½ 4 89
4 85½ 4 89
011
4
..
•• 4~
1t a~
H!~ !
!
s.
i~:~+
! i8 Hi !
Septemb'r.
:o8~½8l~t.
s.
4 82½ 4 86
482½486
4 82½ 4 86
4 82¾ 4 86
4 82½ 4 86
4 82½ 4 86
s.
·
4 82½ 4 86
4 82½ 4 86
4 8<1½ 4 86
4 82½ 4 86
4 82½ 4 86
482
86
½l
4 82½ 4 86
4 83 4 so
HI U&
4 86
4 83
4 83
4 86
s.
4 83 4 86
4 83 4 SR
4 83½: 4 86½
483½486½
4 83½ 4 86½
4 83¼ 4 86½
8
•••...•
tlo½ .~~~.~~ !t !~+~ Hi !~~ ......
November. December.
~ii~
~iit. ~o8
~o
8
s.
4 83 4 85½ 4 82 4 85
4 83 4 85½
4 82½ 4 85 4 82 4 85
483 485½
s.
482½485
4 82 4 85 4 83 4 85½
4 82½ 4 85
H ~~d ay°iL 4 83 4 s 5~
4 82½ 4. 85
4 827'-3 4 8572 4 83 4 85 72
8
4 82½ 4 85½ 4 83 4 85½
4-82½ 4 85
44 8822~ 44 8585~ 44 8822M 44 8855~ 82''.'_84. 851L
7»
?l!
7'~ 4
n.i
72
72
4 82 4 85
8
4 82½ 4 85½
4 82¼ 4 85½ 4 82 4 85
4 82 ~ 4 85
4 82½ 4 85½ 4 82 4 85½
4 82 4 85
4 82½ 4 85½ 4 8~½ 4 85½
S.
85
482
~-;~ ½
4 82½ 4 85½ 4 82½ 4 85§.'
4 82 4 85
4 82½ 4 85
s.
4 s2 4 85
~½ ! ~g~ H~~ ~
~
! ~~
4 83 4 85½ 4 83 4 86
s.
4 82 4 85 4 83 4 85½ 4 83 4 86
S
4 81½ 4 84½ 4 83 4 85~
4 81¼ 4 84½ 4 83 4 85½ 4 82½ 4 85¾
Holiday.
S.
4 81½ 4 84½
Holiday. 4 82½ 4 85a
4 82 4 85
482 485 483 485½ 48211!485
4 83 4 85¼ 4 2½ 4 65
S.
Holidav. 4 82½ 4 85¾
4 82 4 85
October.
i.
~o&~½~i~~
:~~
!~ !~~~:~~
i
a~
f
!
!
!~ ~.~.. \~~
482,b85¼
4 86
4 85
4 85½ 4 88
4 82
4 85
4 83½ 4 86½ 4 83½ 4 86½ 4 83
4 84½ 4 88
4 85½ 4 80
4 81½ 4 84½ 4 82
4 84. -~ 87½ 4 83 4 86½ 4 82½ 4 86
1884.
»t{
January.
, ~~: 60Htli~i::.t.
f
L: !t½!:½
4 86
4 .... 4 83
6 . ... 4 83
6 ....
7 .. .
8 ...•
9 ... ,
10...
ll. • •
12 ••.
18....
14 ....
15... •
16 ...
17 . ..•
18 . ..•
~t::
4 86
s.
48!3½4 86½
4 84 4 87
4 84½487¼
4 84½ 4 87½
4 84 4 87
4 84 4 87
S.
4 84½ 4 87
4 85 4 87½
4 85 4 88
4 85 4 88
4 85 4 88
4 85 8~ Sj
4 85~ 4 88
4 85 4 8~
4 85 4 88
4 ~5¾ 4 88
4 86 4 88½
4 86 4 So½
March.
Feb ru11.ry.
J½SJ~it. io ~½t~4
89
486
487½490½
4 87½ 4 90½
4 86½ 4 80
4 87½ 4 90½
4 86½ 4 89
4 87½ 4 90½
4 86½ 4 89
486½489~ 487½490½
4 87½ 4 90½
4 86½ 4 89
~.
486½489
4 87½ 4 90½
s.
4 87~ 4 90½
4 861/4 4 90
4 87!-§ 4 90½
4 86½ 4 90
4 87'1! 4 90
4 8tls 4 00
4 87½ 4 90
4 86 4 90
4 87½ 4 9U
4 86 4 90
8.
4 86½ 4 90
4 88 4 90½
8.
4 88 4 90~
4 86!/4 4 90
1~
••
u~
! ~J-2 gg½
4 87 4 90½
Holida.y.
4 87 4 90½
28 . •
s.
24 ..••
i 137 4 00½
25 .•..
4 87 4 90½
26 ...
4 87 4 90½
s.
27. . ..
28 .•. 4 86 4 88½ 4 87½ 4 90¼
4 87½ 4 90¾
29 . ••• 4 of\~ 4 89
21 . ..
22
gg½
4 90½
4 90½
4 88
4 88
~.::: :~g~H8 .......... .
s.
4 90½
4 140½
4 90½
4 90½
4 90½
4 90½
8
488 490½
4 88
4 88
4 88
4 88
4 88
4 88
May.
<\.pril.
ioJ. ~1i~~ ~OJ. ~i~t.
8
~
8.
4 90½
4
4 88 ~ 4 90½ 4 88 4 90
4 88 4 90
~.
488½4 90¼ 488 490
4 8-i½ 4 90½ 4 88 4 90
488½490¼ 488 49Ll
4 88½ 4 90½ 4 88 4 90
S.
4 88½ 4 90½
4 8'3½ 4 90½ 4 88 4c 90
4 88 4 9U
8.
4 88½ 4 90½ 4 88 4 90
4 88½ 4 80½ 4 86,½ 4 88½
4 dB½ 4 90½ 4 85 4 87
4 88 4 91J 4 85 4 87
4 Si 4 90
4 88 s~ 90
4 85 4 87
4 88 4 90
4 85 4 87
4 90
4
4 85 4 87
4 90
4
4 38¼ 4 90½ 4 85 4 87
S.
4 88½ 4 90¼
4 88½ 4 90½ 4 84 4 86
4 84½ 4 86½
s.
4 88½ 4 90½ 4 84½ 4 86½
-i 88~ 4 90½ 4 &4 4 86
iJSgg~ 1 gg
!~
4
.~.~~.~~~
0
4i
4 87½ 4 90¼ 4 88 4·90!,g 4 88½ 4 90~ 4 88
High 4 86½ 4 80
4 Si
4 88 4 90
4. 87~ 4 90
Low. 4 82½ 4 85¼ 4 86½ 4 89
H+
! ~~ ! ~~
4 84½ 4 86½
• S
4 83½ 4 85½
4 132½ 4 84½
4 82½ 4 84½
4 82½ 4 84½
4 82 4 84
4 83
4 82 4 84
4 83
s.
4 86
-l 82
:o ~i~ t~~
!~½!~½
Holiday.
4 81 4 86
8.
4ti3½485½
4 83½ 4 85½;
483½485½
,1 !:!4 4 86
4 84½ 4 86½
4 84~ 4 86½
S.
4 84½ 4 86¼
4 84½ 4 86½
4 84 4 86
4 84 4 86
4 84 4 86
4 84 s~ 86
4 84 4 86
4 83½ 4 85¼
4 83 4 85
4 82½ 4 84½
4 83 4 85
4 83 4 85
!t½t,½
4 85 4 &7
4 85½ 4 87½
4 Sii½ 4 87½
48!i½487½
8.
485½487¼
4 85½ 4 87½
4 85½ 4 87½
4 85½ 4 87¼
4 86 4 88
4 86 4 88
8.
4 86 4 88
4 86 4 88
4 86 4 88
1l1%· ~-~~.. ~.~~ ..
4 90
4 86
August.
July.
June.
60 d. S~ight. ioJ. ~,~t.
s.
4 85
4 85
!~~½a!½
8
482
V
84
½
4 82½ 4 84½
4 82½ 4 84½
4 8.'l 4 85
4' 83 485
4 83 4 85
483 485
s.
4 .81
4 85
4 85
4 85
4 83
4 85
8.
4 83 4 tl5
4 83
4 83
4 83
4 83
4 83
4 83
November. Oece~be r
October.
Septemb'r.
:OJ· siitr ~Os.~· 1i~t. ~OJ½ ~i~t. 10sf ~itt
!~
!t
4 84 4 86
4 84
4 84
s.
4 81 4 86
48-'3½48'>½
4 83½ 4 85¼)
4 8::J,½ 4 85½
4 83½ 4 85½
4 83½ 4 85½
8.
4 83½ 4 85½
4 83 4 85
4 83 4 85
4 83 4 85
! ~ ! ~ ! ~ gg
4 83 4 85
4 83½ 4 85½
4 83½ 4 85½
s.
4 83½ 4 85½
4 84 4 86
4 84 4 86
4 84 4 8fi
4 84 4 86
484
86
s:
•
4 88½ 4 &5½
4 83½ 4 85"2
4 83•~ 4 85½
4 83>t 4 85½
4 88¼ 4 85½
4 83½ 4 85½
8.
4 83 4 85
,, ~.:~..
4 St
4 84½ 4 86¼ 4 84 4 86
4 82½ 4 84½ 4 83
4 82 4 84
4 88
4 84
4 86
4 86
!~~~a!~
4 82½ 4 ~4½
8. '
4 83 4 85
483 485
4 83 4 85
482 485
4 82 4 85
4 82 4 85
8.
4 82 4 85
4 82 4 85
4 82 4 85
4 82 4 85
4 82 4 85
4 82 4 85
4 82 s4 85
4 81½ 4 84½
4 81½ 4 84-~
4 81½ 4 84½
4 81 4 84
4 81 4 84
4soi484½
Holiday
4 81 4 85
4 80½ 4 85
48•1½485
4 80½ 4 85
8.
4 80 4 84½
4 EO 4 84½
4 80 4 84½
4 80¼; 4 ~½
4 81 4 85
4 St 4 85
8.
4 81½ 4 85¼
4 81½ 4 85½
:it~!~~
4 82 4 86
4 82 4 86
4 82 4 86
s.
4 82½ 4 86¼
482 486
4 81½ 4 85)~
4 81½ 4 85½
4 82 4 86
4 8 '! 4 86
s.
4 81½ 4 85¾
4 81½ 4 85½
4 SH~ 4 85½
<t l½ 4 85t£
Si~ ~½
.
4 82 4 86
4 81 4 85
4 2 4 86
4 81 4 85
8.
4 81 4 85
4 82 4 86
Ho lid ay.
4 82 4 86
4 ~1½ 4 85½ 4 81 4 8:i
s.
H olid Hy. 4 81 4 65
4 81 4 St
s.
4 81 4 84½ 4 81½ 4 85~
4 s 1 4 84½ 4 81½ 4 85½ 4 s1 4 s5
Htt1 ! ~g~ !
~.~~ ••
!~8~!t
...... ·... . ..
4 86
4 85
4 83 4 85
4 80½ 4 84
4 82
4 80
8
4 86
4 84
!
ai a~
4 82½ 4 86¾
4 81 4 85
1885.
Dt/
February.
January.
Mon. 60 d. 1Sight. 60 d. Sight.
4 84,!\ 88
4
S ..•. 4 81½ 4 85½ 4 84 4 87¼
4 84 4
S.
4....
6 . •• • 4 81½ 4 85¼ 4 84 4 81
6•• • • 4 81½ 4 ~Jj 4 84 4 87
81
4 84
L:: ri.~ 1~
81ij
i~
L: lit~
4 81½ 4 85½ 4 84
9 .•••
10...
11.. . .
12 •• .
IS ....
14.. ..
15 . . ..
16 ...
17 . .••
18....
19 .. . .
20 . ..
21 ...
22 . • ••
28 .. .
24 ...•
25 .. ..
26 . ...
27 .•.•
28 ...
00 . ...
80 ....
81 ... .
s~
½
March.
60 d. 8Sight.
4 s" 4 87½
4 84 4 87
4 84 4 87
4 84 4 87
4 84 4 87
87
4 84
4 87½ 4 84
4 84
4 87!,g 4 84
4 87½ 4 84
4 87¼ 4 81
4 87½ 4 84
s:
4 87
4 87
4 87
4 87
4 87
4 87
4 81¾ 4 85½ 4 83½ 4 87
S.
4 82 4 86
4 82 4 86
4 82 4 86
4 82½ 4 86½
4 82½ 4 86½
4 82¼ 4 86½
S.
4 82½ 4 86½
4 83 4 87
4 83½ 4 87¼
4 ~ 4 87½
4 84 4 88
4 84 4 88
S.
4 83 4 87
4 83¼ 4 87¾
4 84 4 88
4 B4 4 87g
4 84 4 87
484 487
4 84
4 84
4 84
4 84
s.
4 87½
4 87½
4 87½
4 87½
4 87¼
4 87½
s.
Rollda_y.
t 88½ 4 87
4 84 4 87¾
4 84 4 87¾
4 84 4 87½
4 84 4 87½
. . .. •• . . . . . •
. • . • • • .. •. .•
••••.• · •····
4 84
4 84
4 84
4 84
4 84
4 84
High 4 84 4 88 . 4 84¾ 4 88
,,.,,,,,._ 4 81¼ 4. 86¾ 4 ~ 4 87
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
s.
4 83½
4 83½
4 83½
4 St
4 8l
4 84
4
4
4
4
4
4
s.
86½
86½
86¼
86½
86½
86½
4 84½ 4 87
4 85 4 87¼
4 85 4 87½
4 85 4 87½
4 85 4 87½
4 85 4 87½
S.
4 85½ 4 88
485¼488
April.
~OJ~~i~t.
4 85½ 4 88
Holida_y,
4 85¼ 4 88
~4 85½ 4 88
June.
May.
60 d. Sight. :os~~~iitt·
4 b8
8
8~ 4 &8~
s.
4 87 4 88
4 J 7 4 89
4 87 4 88
4 87 4 89
4 87½ 4 89½ 4 87 4 88
8
4 87 4:88
4 87 4 8~
4 87 4 89
4 86½ 4 87½
s.
4 87½ 4 89½ 4 86 4 87
4 86 4 87
4 88 4 90
4 86 4 87
4 88 4 93
S.
4 88 4 go
4 86 4 87
4 81! 4 90
4 86 4 87
4 89 4 90
4 86 4 87
8.
4 87½ 4 80½ 4 86 4 d7
4 87½ 4 89½ 4 86 4 h7
4 87½ 4 89½ 4 86 4 87
s.
4 87½ 4 80½
4 87½ 4 89½ 4 86 4 87
4 87½ 4 89½ 4 85½ 4 86!,6
4 85½ 4 86½
s.
4 87½ 4 89½ 4 85 4 80
4 87 4 89 4 85¼ 4 86½
4 86½ 4 86½
4 87½ 4 89
s.
4 87g 4 89
4 85 4 86
4 87 4 89
Ho iday. 4 85 4 86
. ••..•.•..••
8.
g+ !-~8 !
~g~ a~ H~½ ag~
!4 85½
4 88
4 85½ 4 88
4 85½ 4 88
s.
4 86 4 88½
4 86 4 88¼
4 86 4 8'3½
4 86 4 88½
4 86½ 4 88½
4 8fl½ 4 88½
S.
4 86½ 4 88½
4 86½ 4 88½
4 87 4 80
4 87 4 80
4 f!,7 4 89
4 87 4 89
S.
4 87 4 89
4 87 4 89
4 87 4 89
4 87 4 80
. ..•• .•.. ••
4 85¼ 4 88 4 87 4 89
4 83¼ 4 86J1i 4 85½ 4 88
4 88
4 87
4 90
4 89
4 87¾ 4 89
4 85 4 86
July.
August.
flJ· ~i~t. ~(}Ji..: ~ii~~
""
s6
~ ! 86 4 85}b 87½
! Holiday.
4 86 4 88
4
......
Ov
s.
4 86
!4 !:!5~~ ug~
4 86½
4 81} 4 88
4 86 4 88
4
~oa~aS:.
s.
4 86½ 4 86 4 8!,
4 86½ 4 Sil 4 88
4 86 4 88
s.
4 tl5 4 86½ 4 86½ 4 88½
4 86¼ 4 88½
4 84½ 4 86
4 85 4 86½ 4 86 4 83
8.
4 85 4 86½
4 85 4 86½ 4 85½ 4 H7½
4 85 4 86½ 4 85½ 4 87¼
4 83 4 87 8.
4 85 4 86½ 4 81 4 87
4 85½ 4 87 4 85 4 87
4 85½ 4 87 4 85 4 87
S.
4 86 4 87½
4 86 4 87½ 4 85 4 87
4 86 4 87½ 4 85 4 87
4 8-l½ 4 86½
S.
4 85½ 4 87 4 84½ 4 81>½
4 85½ 4 87 4 84¼ 4 86½
4 85½ ,4 87¼ 4 84½ 4 86½
s. ·
4 85½ 4 87¼
485¾48';¾ 484 486
4 85
4 85
Beptemb 'r.
ioJ. ~i~t.
s
4 83
4 83½ sg¾
4 83~ 4 85½
4 83¼ 4 85}'
s.
l
October.
November. December
io~~i~~ 60 d. s~Ight. ~OJ½~l~t
4 84 4 86
4 84 4 86
4 84~ 4 8tl~ Holida_y.
4 84 4 86
s.
4 84¾ 4 86¼ 4 84 4 86
4 83½ 4 85½
4 84 4 86
4 83
85
l ~¼ l4 84t 4l 86~g
Uix;
4 83 4 85
½s~
4
4
4
4
83¾ 4 86
83½ 4 86
84
84
4 86¾
4 86¾
s.
½ it½
H~¾
4 &l½ 4 85½
4 83½ 4 85¾
4 83!{; 4 85½
4 83½ 4 85½
4 83½ 4 86
4 83½ 4 85½
4 S.'3 4 85½
::;.
-1 83 4 85½
4 83½ 4 85½
s.
4 84 4 86
4 83 4 85½
4 84 4 86
4 83 4 85½
4 83½ 4 85½
4 83 4 85½
4 83½ 4 85½
4 83 4 85½
4 83,¼ 4 85½ 4 84 4 86
4 83½ 4 86
4 84 4 86
8.
4 84½ 4 86½ 4 83½ 4 86
4 84 4 86
8.
4 84½ 4 86¼
4 84 4 6
4 63 4 85½
4 8 ! ¾ 4 86½ 4 84 4 8'1
4 83 4 85½
4 84½ 4 86¼ 4 84 4 86
4 '33 4 85½
S.
4 84 ~ 4 86
4 83½ 4 85½ Holiday.
4 84 4 &>
4 83½ 4 86
4 84 4 Bil
S.
4 83¼ 4 86
4 84 4 86
4 84 4 86
S.
4 84 4 Sf\ 4 84 4 86
4 83¼ 4 86
4 84½ 4 86¼ 4 84 4 86
.... . . . . ....
..... . . ..... 484 486
84¾ 4 87
84¼ 4 87
84½ 4 87
84½ 4 87
S.
4 84½ 4 87
4 84½ 4 87
4 84½ 4 87
4 85 4 88¼
4 8511, 4 89
4 85½ 4 89
S.
4 86 4 89¼
4 87 4 90¾
4 86~ 4 90
4 86 4 90
Ho iduy.
4 86½ 4 90
8.
4 86 4 69>9
4 86 4 89~
4 86 4 89
486(> 489
186851L
H2~
Hiu
""'7W-..,., f
4 &!½ 4 85½ 4 84
4 86
,.
4 84 4 86
4 84½ 4 86½
4 84½ 4 SB½
4 84½ 4 811½
4 85 4 87
4 85 4 87
4·84
4 86 4 87¼ 4 86½ 4 88¼ 4 Si¼ 4 86¾ 4 85 4 87
4. 84¼ 4 86 4 84 4 86 4 83 4 8~ 4 83¼ 4 8:>¼ 4 8a
..
4
4
4
4
7111 ..
FOREI(}N EXOHANrJ.E.
1886,-Tbe course of foreign e~change in the year 1886 was somewhat remarkable in the strikingcbnttast observed
between th~ first half and the last ha!f. of the year. In the first si~ months exports were low in value, imports were large,
there was little demand for our -~ ecuntles abroad, exchange ruled high, and gold flowed out every month, reaching a total of
$84,349,628 net export of gold m the half-year. In the last half-year all was changed-exports of grain and cotton were
heavy 1 there was a good demand for our stocks and bonc-1~ from· the foreign markets, exchange ruled low, and gold was
imported to the amount of about $34,000,000.
, 1887.-There was much interest in the course of foreign exchange during the year 1887 in so far as the rates w~re an
indication of the movements in trade and securities, Sterling bills ruled high for a very short time in February, whifo the
freight-handlers' strike in New York prevented the shipments of produce but they fell off immediately after that, and did
not again rule near the specie-shipping point. After the first of July exch~nge ruled low, apparently owing to the purchase
of our stocks and bonds by the foreign markets, and gold came in freely. During the eleven months from January 1 to Novem- ·
ber 30 the n et import of gold amounted to $34,306,111
'
,
1888.-The comse of foreign exchange durine 1888 was very much influenced by the relatively small exports of domestic
products and tbe heavy imports of foreign merchandise, and on the other hand by the continued stream of American railro·a d
securities towards Europe until the middle of September. · In the fall months the drain of gold from London to the
Argentine Republic and to Russia also led to a demand for gold from our market. Under these various influences the
rates of exchange ruled high at times, and there were small exports of gold in May, June and July and a larger export
late in November and in December, the total net export of gold for the year ending Dacember 31 being $20,567,337,
1886.
~~Y
January.
Feb ru u.ry.
March.
¥on. 6'1l·r~ight.
1
2 : :: : 4 86° 4ag9½ 4 88'- 4 90 - 4 88½ 4 90
:os1ill~~~ ~OJi/d~tL : 4 86~l4 90 ! ~~~ Ht~ ! ~~ gg
t:: : ! i~ ! ig~ ! ~ S.! ~8 ! ~ ! 88
7 .. . 4 87 4 IJO
S.
8 ....
9 ....
10. . .
11 .. .
12 . . .
13 .. ..
4 87
4 87
4 90
4 90
8.
4 87 4 00
4 87 4 90
4 87½ 4 90
4 88 4 00
4 88 4 00
4 88 4 90
4 88 4 00
4 88 4 90
4 88 4 90
8
4 88 ,i 90
4 88
4 &!
4 88
4 88
4 88
4 88
4 88
. .. .
19 ... .
20 . . .
21 . . .
22
2a·::·
24.. ..
25 . . .
26 .. .
4 87¼ 4 90
4 37½ 4 90
4 87½ 4 90
4 87½ 4 90
4 &! - 4 00
4 88 490
S.
4 87½ 4 ·g9:x;
4 87½ 4 80½
4 88½ 4 90
4 88½ 4 90
4 88½ 4 90
·
s.
Holiday
4 88½490
4 88½ 4 90
4 88½ 4 00
4 88¾ 4 90
4 88¾8~ 90
4 88
4 88
4 88
4 90
4 00
4 90
89½-90
89½-90
89½-00
~9½-00
April.
:08~- ~~tt.
4 87 4 89
89
4 87
s~
7
9
~ 4 87 4 89
4 87 4 89
4 87 4 Sil
4 87 4 89
s.
4 87 4 89
4 87½ 4 ~8½
~~~ 189~
r~-
½L: 1i+~ g~
!
½~.::: 4 87½S~ 00 ! ~ ! ~- ! a§ h~~JO : ~~ ! ~g~
18
~-::: 1~ gg
29 . ... 4 88
4 90
SO . ••• 4 88
4 90
31. .. .
1r::\~
B
Low . 4 86
S.
4 90
4 90
4 90
8.
87¼ 8 ll½ 90
487½4S9:½
4 87½ 4 89:½
4 87 4 89
4 87 4 89
4 87 s~ 89
4 R7 4 89
S.
4 87½ 4 80½
4 87½ 4 80½
4 87½ 4 89½
4 87½ 4 80½
487½481:J½
4 87½ 4 89½
S.
4 87½ 4 80½
a~~ u~~
4 87¾ 4 89¼
: : ; : : : : : : : : : 4 87¼ 4 89¼ 4 87¼ 4 89¾
4 87
4 80
4 00½ 4 88½ 4 90
4 88½ 4 00
4 89¾ 4 87½ 4 bO¼ 4 87 4 89
May.
June.
July.
August.
r8~½~iit~ :oJ. ~iMt. ~OJ½~i~t- 60 d. tght.
S.
~ 88 4 90 4 88½ 4 90 4 85½ 4 87
90
4 88
~½
½s~
:~~ ~8½ 4 87½s~ 69½ 4 Ws0 u~alli½ i~-5
4 87½ 4 90
4 87½ 4 89½ 4 87½ 4 tl9 84½·5 86-6½
4 87½ 4 90 4 8~ 4 80¼ 4 87¼ 4 1-9
s.
S.
4 88 4 90
4 87¼ 4 89 84½·5 88-6½
4 87½ 4 90 4 88 4 90
4 87½ 4 89 84¼·5 86-6½
4 87½ 4 90 4 88 4 90
s.
4 84 4 5½
4 87½ 4 90
4 88 4. 90 4 87½ 4 89
4 83 4 84¾
4 8~½ 4
88 s4 00
~
a7 : 89~ 88 4 90 4 87½ 4 so
8.
~~
~2~~
4 87 84 89¼ ~
4 87½ 4 90
4 Slj 4 90
8.
4 81!½ 4 84½
4 87½ 4 90 4 88 4 tlO
4 87 4 88½ 4 82 4 84·
4 87½ 4 !;0
8.
4 86½ 4 88 4 8~ 4 84
4 87½ 4 90 4 88 4 90 4 86½ 4 88 4 82 4 84
4 87:½ 4 90
4 88½ 4 00 4 86½ 4 88
s.
S.
488½490
486½4&! 482½41-!4½
4 87½ 4 90 4 88¼ 4 {JO
4 86½ 4 88 82-2½ 84½-5
4 88 4 90
4 88½ 4 {10
S.
82-2¼ 84¼-5
4 88 4 90
4 88½ 4 \jQ
4 86 4 87½ 81¼-2 84½-5
11090 4 88:½s4 90 4 86 4 87½ 4 81½ 4 84~
4 81
84
4 88 4 90
HR½ 4 go
½s:
-
a~~
!
ag~ a~½ !
s.
Holiday.
4 87½ 4 89:½ 4 88
4 Sf\½ 4 88¼ 4 87
!tit:
! i~ ! ig !
! 88 ! ! :~
t
!
r~.,s
. .. .. , . . .. .
a~ a~ a~
!
~g
Septemb'r.
October.
November. December,
~~t. ~OJ. ~ifilit. ~~_f¼~~~5 ~u½s~k
4 82 4 85 4 83 4 86
Holidags 81-1½ 84¼-5
1
5
4 82i:i 85½
85 ~
8
8
4 82 4 85
~~½ ~½ ~1~
4 81½ 4 85
4 82 4 fl5
4 82 4 85
S.
4 81½ 4 85
4 82 4 85
4 82 4 85
4 82 4 85½ 81-1½ 84¼-5
4 82½ 4 85½ 4 82 4 85
4 82 4 85k! 80½·1 84-4½
4 82¼ 4 85½
s.
4 82 4 85½ 4 81 4 84½
4 82½ 4 85½ 81¼-2 84¼·5 4 81½ 4 85 81 -1½ 84½~5
8.
4 SI¼ 4 84~ 4 81½ 4 85
. S.
81½-2 ~5½ to~-1
4 82 4 85 4 81¼ 4 84~ 81½-2 85-5~ 80½-l 84-4¼
~~ ~ 4 81¼8~ 84½ ~~~:~
~¾
4 82 4 85 4 81½ 4 84¼ 81~-2 85-5½ bO-O¼ 4 84¼
s.
81½-2 84½-5 81 -2 85-5¾
s.
4 82 4 85 81½-2 84½·5 4 :<l 4 85½ 80½-l 84!-<2-5
4 82½ 4 85½ 4 81½ 4 85
s.
80½-1 84½-5
4 82½ 4 85~6 81-1½ 84½-5 4 82 4 85½ 801 84-5
483 486 - 81-1½ 84½-5 482 485½ 80-t 84-5
4 83 4 8fl
S.
4 81½ 4 85
4 80 4 tl4
4 b3 4 86 81-1½ 84½-5 Hotiday .
Holiday.
s.
4 81½ 4 85 4 81½ 4 85
s.
82½-8
S.5½-6
4
81½ 4 85
8H~~
2
85-5½
80-0½
84-4¾
2 3 5 6
~ ~·
~ s1½.z885-5½
4 82 4 85
4 88 4 86
4 81 ½ 4 85
81¼-2 85-5¼ 4 81 4 85
81½-2 84½-5 .. . . . . .. . . . .
S.
. . • . . . • . .. . . 4 81 4 85
4 88½ 4 90
~Os~·
!4 ggt,5¼ H~~
4 87
. . . . . • .. •••. 4 85½ 4 87
4 90
4 88½ 4 00
4 88½ 4 00
4 89¾ 4 87¼ 4 89¼ 4, 85½ 4 87
4
! rs
85¾ 4 87
!
!
rn~ !
s½~ rJt
! :g
!
a~~! rs~ irn~ t1~
rJl~ !
4. 81¼ 4 84
!~
4 83
4 82
U!ij
~g½ ~g½
!
l
! ~i~ ! ~
4 Sfl
4 85
4 83
4 81
4 86
4 84
i ri½ 1~
4 81
4 82
4 84½ 4 81¾ 4 85
4 85¾ 4 80 4 84
1887.
~~Y
J a nua ry.
Mon . 60 d . Sig bt.
1.. .. Holida.y.
23 _··. ·..· 4 8 l ~S -.,1'{_1 L
Februu.ry.
60 d. Sight.
85½-0 4 89
845¼5·64488?.
85
u
4 85½ 4 8ll
4811
85
:½·t
85½-t, 4 89
85¼-0489
85½-B 4 80
85¼-6 4 89
6
March.
60 d. ~igbt.
8'>½-6 88½-9
85¼-688:½-9
85:½-6 8:,¼-1;
85½-t, &l½·9
85 6
½- s~¼-\;
85½-6 88½-0
85¼-688½-9
4 85½ 4 88¼
4 85~ 4 88
4 86-½ 89-½
4 86½ 4 89!,6
4 86½ 4 81;½
4 86½ 4 89½
4 86-½ 81-1-¼
4 So½ 4 1'39½
8.
4 So½ 4 80½
Holiday:.
4 86½ 4 89½
4 St:S 4 89
4 81} 4 89
4 86
89
~ - ::: ~4,~s~
28 • . . 4 85 4 88½ 85¾-6 88½-0
29 .... 85 1'>½ 88½-1:J . . . . . . . ..
80 . . .
S.
. . . . . . • ... . .
s1:ii~n:~-6 4 s9
. . .. .
85-5),j 87½-8
84½-o 87-7½
4 84½ 4 S7
4 84½ 4 87
4 84½ 4 87
4 84½ 4 87
8.
84½-5 4 87;t,
4 85 H7½-8
4 85).ti 4 88
4 86 4 88½
4 86 4 88½
4
88
!SU
½
S.5½-6 88-8¼
85½-6 88-8¼
4 1<5½ 4 &!
4 85½ 4 88
VV72
4 .... 4 ol
85-¾
L:
i ~t~l~t
7 . . . 4 81½ 4 85¾
8 . ... 81½-285½-t,
9 ...
S.
10.. . .4 32-½ 8!3-¾
½L:
: ~ : ~~ ~Jt s1. ~g a~~s.a~
18 . ... 4 83 4 tl7
14 .. ..
15. . ..
16 . . .
17 ....
18 . ...
19 . . .
20 . . .
21 . . .
22 .. ..
28 . .
24 .. ..
25 . .
4 83 4 87
4 83--½ 87-½
:;.
4 83½ 4 87½
4 83¼ 4 87½
4 83½ 4 87½
4 83½ 4 87½
4 83½ 4 87½
4 8::J½ 4 87½
. S.
4 84¼ 88-8½
84½:.5 4 88½
5
~t:
B igh 4 81
L ow 4 Sfl
4 s:;
4 80
l
4 s:;x; 4 88½ 4 86 4 89
4 80½ 4 b0}2 4 84½ 4 87
April.
60 d. Sila{ht.
4 85½ 87½-8
4 85½87½-8
84 85½ 87½-8
7 8
! ~½ ~
4 86 4 88
486 488
4 86 4 88
8.
May.
60 d . Sight.
S.
80¼-7488½
87-7:½ 88~-9
87-7½ 88¼-0
7
~
4 87 88½-9
S.
l:lA½-7 88-8~
86½-7 88-8½
~f b~==8
June .
60 d. Sight.
4 86½ 4 b8
486 4&7½
4 8tl 4 87½
4 86 4 87½
85x.i487½
4 85½ 4 h7
485½487
4 85½ 4 87
4 85½ 4 87
5
87
H
4 85!,<i 4. 87
4 85¼ 4 S7
4 85 4 86½
4 8.J 4 81\>!i
4 84½ 4 dB
4 84½ 4 86
S.
4 84½ 4 86
4 84½ 4 86
4 84½ 4 86
4 84¼ 4 bfl
84-4½ 85¾·6
84-4185¾-B
r~t: ~½ re~=~ ru~ v
4
4
4
4
86½ 88-~ 86½-7 88-8½
86M 88-8s
8tt;,,a 88-8
86½ 88 8
S.
4 86½ 88-8½
4 86½ 81:l-8½
86½-7 88-8½
8tt½-7 88-8½
86½-7 88-8½
86½-7 4 88½
S.
4 87 4 88½-9
9
in: r~·
86½-7 4 88 ~
8.
80½-7 4 88
86½-7 88-8½
Stl½-7 88-8½
86½-7 88-8½
86½-7 88-8½
86½-7 88-8½
s.
86½-7 88-8½
8t,½-7 88-8½
86½-7 88·8¼
ra~:~ it~~
87-7½ 4 89 86½-7 88-8.½
87-7½ 4 89
S.
87-7½ 4 89
Holiday,
.....•• ... . 86½-7 88-8½
4 87½ 4 80
4 87½ 4 89
4 S::,J,,, 4 H7:½ 4 Sil½ 4 88
84-4½ 85 -6
8::l½-4 85~½
88)"-4 85-5½
4 84 4 85¼
.. . .• . • . .. .
4 Sil½ 4 88 .
4 83½ 4 85
July
60 d. Siirht.
4 84 4 85½
484 485½
S.
Holids~
! t !85¾
4 84 4 85½
484 48 1½
4 84 4 85½
S.
:
4
4
4
4
:~½:
~½
August.
60 d. Sight.
83-8½ tl5-f>½
483 485
4 83 4 85
4 82½ 4 85
8eptemb'r.
f:10 d. Sight.
4 81 4 85
48l 485
4 S l 4 85
S.
4fioli~~8.
4 80½ 4 84½
482½485 480½484½
4 82¾ 4 85 4 80½ 4 84½
4 8~½ 4 85 4 80½ 4 84½
8
:
~½ 4 80½ 4 85
4 82 4 84¾ 80½·1 85-5½
8.
80½-l 85-5½
4 82 4 85 ~½-1 85-5½
4 Si 4 85 80½- l 85-5½
4 82 4 85 80½-1 85-5½
4 8:<l 4 85
S.
4 82 4 85 80½-l 85-5½
4 82 4 fl5 80½-1 85-5½
S.
80~-1 85-5½
4 82 4 85 80 -1 85-5½
4 82 85-5¼ 4 U½ 4 85
81½ 2 85-5½ 4 80½ 4 85
81½-2 85-5½
S.
:~,i~
~~½ i
88½ 4 85
83½ 4 85
83½ 4 85
83½ 85-5½
8.
4 83½ 85-5½
4 83:½ 85-5½
4 83½ 85-5½
4 83½ 85-5½
4 83½ 4 85½
4 83½ 4 35½
S.
4 Si½ 4 85¼
H8~:
~~
4 8!3¼ 4 85½
- s.
4 80½ 4 85
4 83½ 4 8:i:½ 81½-2 85-5½ 4 80½ 4 85
4 83½ 4 85½ 81½-2 85-5½ 4 80¼ 4 85
s.
s1½ -2 85-5½ . . . ...... .. .
gg~ mtJ
October.
November.
60 d. Si~t.
4 80½ 4
'-~ StHJ½
s.
88~-?~ oaau
4 80½ 4 85
"'-~no ou-v,,,.
4 80½ 4 85
s.
4 80½ 4 ~ 82-2½ 86-0½
480½485
Holiday.
S.
82-i¼ 86-6½
4 80½ 4 85 81!-~ 86 B~
g~ ~iLffl~
:~~:rs i~-~t:
- rtHl~
~s~
Decemb,er.
:os~· ~ 1
4 82
48:<l 4488! r
,
8
4 82 4 S i
81½- 2 857i-{j
Sl½-2 Sf>~-6
8 1½-285.>rtl
8 1½-2
8 l½-~ 857i••j
85.>2 6
t•~t.
~t~½,~1½ 81½-i · 85½-ti
::;.
81½-2 85½-6
82-2½ 86-6¼ 2-2½ 5½-6"'
82-2½ 81:1-6½ 2-2½ 5½-6¾
8:&-2½ 86-6¼ 4 82½ 8U-6½
b2-2½ 86-6¾ 82¾--8 8~½
82-2½ 86-6¼
8
82-2½ 86-6½ 4 83 4 86¼
s.
4 83 4 86¼
4 82½ 4 86½ 4 83 4 86x.
82½-::l 4 86½ 4 83½ 86½-7
4 82½ 4 f'6,>-e 4 83:½ 4 81
Holida.y. 4 b3½ 4 87
82-2½ 86-6½
S.
82 2
• ½8:6-6¼ Holiday.
82-2¾ 86-lj~ 4 82 4 86
~~ ~~
4 ti~~<, 4 Sd½ 4 8\! 4 86
4 83½ 4 87
S.
4 82 4 &3
4 88½ 4 87
4 s2½ 4 86½ . • . .. . .. .. .. 4 83¾ 4 s1
t1~1½
81½-2 86-6½
4 SJ 4 86½
4 82 4 86½
S.
4 82¾ 4 86¼;
4 82½ 4 86½
4 82 4 86
4 f:12 4 8fl
4 82 4 86
4 82 4 86
8.
82-2½ 4 86
82-2½ 4 Sf:I
ag~ a~ gt~~ ui
!
!
4 85½ 4 83¼ 4 85¼ 4 81 4 85½ 4 82½ 4 Sfl½ 4 88 4 86¼ 4 83¾ 4 87
4 8 1½ 4 H5
4 81½ 4 84¾ 4 80½ 4 84:½ 4 80½ 4 85 4 8~
St,
4 St~ 4 85¾
4 84
1888. '
~~Y
,~~'.
2 ...
3 ... .
4 . .. .
5 .. ..
January.
60 d.jight.
H oliday.
4 d3½ 4 87
83½- l 4 87
&.l--4½ 87 7½
February.
March.
~~~:5 SJ~~!'7 ~Ost 8~~
81½·5 86½-7 4 ~?§ 88-½
4 81-¾ 86-½ 4 8 ~ 88-½
4 84-¼ 86-½
S.
4 86-½ 88-½
s.
April.
60 d. jight.
4 86-½ 88-½
4 8 1-½ 88-½
4 86-½ 88-Xi
4 86-½ 8~¼
~-::: i~8.ii;½ !4 gt~
r~ t ~t~ l:=½~ : ~o.~
84-½ 811-½ 4 86--½ 1:!8--
8. ...
9 ...
10...
11 ..•
12 ...
13 . ...
14 ... .
15....
16 .. . .
17... .
18.. . .
19 ...
20 . ..
21 ....
22.. ..
28. . . .
24 . . . .
25 . . ..
26. . . .
34½-5 87½-8
4 85 4 &!
4 85 4 88
4 85 87-7~
84½-5 87-7½
84½-5 87-7½
8.
8:l½-5 87-7½
84½-5 87-7½
84½-5 87-7½
84½-5 87-7½
4 85 4 87¼
4 85 4 87½
8.
4 85½ 87½-8
4 85½ 87½-8
4 85½ 87½ -ti
4 85½ 87½-8
27... . 4 85½ 87½-8
28 • • • 4 85½ 87½-8
29....
S.
80 ... . 4 85 4 87-½
s1iia;:~¼ 4 86½
4 84½ 4 S•Hti
4 Si½ 4 86½
4 84½ 4 86½
s.
4 85 4 87
4 85 4 87
4 85 4 87
4 tl5-½ 4 8?
4 85-½ 4. 87
4 85-½ 4 87
High 4 S.,.,½ 4 88
4 86
;t,ow .1 4 88¼ 4 86¾ 4 84
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
s.
4 8.5-½ 4 87
4 85½ 87-½
Holiday.
4 85½ 4 87¼
85½-6 ~7¼-8
85½-6 87½·8
S.
85½-6 87½-8
85½-6 87½·8
85:½-6 ti7:½-8
. . . . . . . •. . . .
• • . •• • • • • . .
4 88
4 86
4 86-½ 884 86-¾ 88-
~4 86-½ 8 ~
4 86-½ 8
4 86--½ S8
4 86-½ 88-¼
4 86-½ 88-½
4 Sd-½ 88-½
. 8.
4 86-½ 88-½
4 86--¼ ~~
4 86½ 4 88
4 86~ 4 81:!
4 86½ 4 88½
4 86½ 4 88½
:,.
4 86½ 4 88½
4 86½ 4 88,¼l
4 8tt½ 4 88½
4 86½ 4 88½
4 86½ 4 88¼
4 86½ 4 88½
May.
Jun ~.
~OS~¼~ii~t.
86½-7 88½-9 4 87½ 4 90
86½-7 88½-0
S.
4 b7 4 89 4 87¼ 4 00
4 87 4 89
4 87½ 4 90
~~:/tic!_to
4
4
4
4
4
4
~
I
4 86½ 4 88½ 4 87
4 86 4 88
4 86
4 80
4 88
~J·
f'J½~ii~ fil>~:
i~ i gg~ : ~~½: ~8~ gg~::g i ~ : ~~ : t~
tl7
80-l.(i :
87 4 Sil-½ 4 87 4 81!½
87 4 89½ 4 1;7½ 4 80¼
87 4 80½
' S.
87 4 89
4 87¼ 4 80½
87 4 89¼ 87¼-I; 9:½-90
S.
87½-8 Sl½-90
4 87 4 89¾ 4 87½ 4 89½
86½-7 89-¼ 4 87½ 4 d9½
Stl½-7 89-½ 4 87:½ 4 89½
4 81 4 89¼
S.
4 87 4 89½ 4 87½ 4 89½
4 87 4 80½ 4 87½ 4 80½
s.
4 87½ 4 8\J½
4 87-½ 4 00 4 87¼ 4 t11l½
4 ti7½ 4 90 4 87½ 4 80¾
4 87½ 4 90
4 87½ 4 80½
4 87½ «90
S
4 87½ 4110
4 87½ 4 80½
4 Si½ 4 90
4 87½ 4 &O½
S
4 87!i 4 89½
4 87½ 4 90
4 87½ 4 80½
s.
4 87½ 4 90
87-7½ 80-0¾
4 87 4 80
Holiday. 87-7¼ 80-9½
. .. . • .. . .. . 4 87½ 4 90
. •• . . • . . . . • •
4 86-½ 88-½
4 86-½ 88-½
4 86--½
4 86-½ 884 SB-½
4 86-½ 88
~4 86-¼ 88-½
4 86-¾ 88-a
4 86½ 4 88
4 86½ ~ 88
4 86¼ 4 88½
86x;J1 88½-9
S.
4 87 4 89
4 87 4 80
4 87 4 811
4 87 4 89
4 87 4 89
4 87 4 89
4 87½ 490
4 88
4 SB½ 4 88¼ 4 87
4 90
4 89
~i~st. ~~let.
July
August. Septemb'r.
October.
November.
60 d. 8~ight.
~~t·
5 ~~_t9 ~o8
4 87½ 4 80-½ 4 86 4 88
S.
81½-5 88½-9 4 85-¼ 4 88
4 87½ 489-½ 85¼--6 4 88
Holiday. 84½-5 81:l¼-\; 485-¼ 488
Holiday
85½--6 4 88 4 85ki 4 88½ 4 81\i 4 89
S
4 8~ 480~
8.
4 85¼ 4 HS½ 4 84½ 4 89
4 ~ 488½
4 84
8°
4
S.
85½-6 4 88 4 85,½ 4 88½ 4 84½ 4 80
4 85-½ ~ 88½
4 87¼ 4 89-½ 85½--6 4 88
S.
4 84½ 4 89
4 85-½ 4 88½
4 87½ 4 tlO-½ 85½-6 4 8~ 4 85½ 4 88½ 4 84½ 4 811
4 85-½ 4 88½
487½ 489-¼ 85½-6 4 88 4 85½ 4 88½ 4 84¼ 4 80
8.
4 87¼ 4 80-½
s.
4 85½ 4 88½ 4 84½ 88½-9 485-½ 4 88½
4 87½ 4 80-½ 4 85½ 4 88 4 85½ 4 89
4 84¾ 88½-9 4 85-½ 4 88½
4 87½ 4 Sil·½ 85-½ 87½-8 4 8 ~½ 4 811
S.
4 85-:½ 4 88¾
8.
85-½ 81½-8 4 85½ 4 80
4 84¾ 88½-9 4 65-½ 4 88¾
4 Si½ 489-½ 85-½ 87½-8
S.
84½-5 88½-9 485-:½ 488¼
-1 87½ 4 Sil-½ 85-½ 87½-8 4 85½ 4 80
84½l-5 Stl½-9 4 85-½ 88½-9
4 87½ 4 89-½ 85-½ 87½-8 4 85½ 4 80 84½-5 88½-0
S.
4 87½ 4 80-½
s.
4 85½ 4 89 84½-5 88¼ 9 4 85½ 4 80
4 87½ 4 89-½ 4 85-½ 4 88 4 85-½ 88¼-9 84½-5 88½-9 4 1-15½ 4 89
4 87½ 4 80-½ 4 ~ 4 88 4 85-¼ 88½-9
S.
4 85¼ 4 Sil
S.
4 85- 4 88 4 85 88½-0 84½-5 88¼-0 4 85½ 4 139
4 87½ 4 89-½ 4 85 4 88½
s.
8415 88½-9 4 85¼ 4 89
4 87 88½-ll 4 85½ 4 88¼ 4 85 88½-9 84 5 88½-9 4 85½ 4 80
4 87 88¼-W 4 85½ 4 88½ 84½-5 8'>½-0 84 -!'i 88¼-IJ
8.
4 87 88½-0
-s.
84½-5 88¼-l:J 8 -5 4 &N 4 85½ 4 89
4 86½ 4 88½ 4 85~ 4 88½ 8i½-5 88¼-0 84}€--5 4 88½ 4 85½ 4 89
4 86½ 4 88½ 4 85ij 4 88½ 84½-5 81:!½-9
8.
4 85¼ 4 89
s.
4 85 4 88½ 84½-5 88½-9 4 8~½-4 88¼
Holiday.
4 86½ 4 88½ 4 85 4 88½
S.
4 8-? 4 88½ 4 85½ 4 81:1
4 86 4 88
4 85½ 4 88½ . . . . . • . .. . • . 4 s.:> 4 88½ .. . . . . • . . . . .
4 87½ 4 80¼ 4 86
4, 86
4 88
4 85
½l
g.
December.
"B.
4 85½ 4 89.
4 85¾ 4 89
85-½ 4 89
~ t},½ ~ ! ~
85-½ 4 Sil
S.
4 SO
4 80¼
489 1l
4 80¼
S5-½ 4 80½
85-¼ 4 89¾
S.
85-¼ 4 89~
Sa-½ 4 89½
85-¾ 4 89¼
85-¾ 4 80¾
85-½ 4 80¾
b5-½ 4 89¼
85-½
85-½
85-¾
85-½
s.
85-¼ 4 89¾
Holiday.
85-½ 4 89~
85-½ 4 89
84½-5 8984¼-5 89-¾
S.
84),{-5 81;-¼
4 88½ 4 85½ 4 89
4 85 4 89
4 85½ 4 89
4 85½ 4 89¾
4 87¼ 4 84½ 4 88½ 4 84¾ 4 88¾ 4 ~ 4 98¼ 4 84¼ 4 8\l
INVESTMENTS. AND SPECULATION.
INTEREST AND
INCOME
TABLES.
In purchasing securities for investment, the important points considered are the following: first; that th
principal and interest shall be secure beyond question; second, that the profit, or annual rate of interest realized
on the outlay, shall be satisfactory; third, that the securities purchased shall be readily salable; and fourth, with
parties engaged in active business, that the securities shall be available to pledge as collateral for loans, in case it
is desired so to use them.
The great bulk of investments in stocks and bonds is divided among (1) U. S. Government bonds; (2) State,
city and county bonds; (3) bonds or stocks of corporations; (4) bonds and mortgages on real estate.
As a general classification of these several forms of investment, the most obvious one is that which divides
them into two sorts; first, those depending on the character, standing and permanent solvency of the party issuing
the obligation; second, those having a lien on specified pieces of property, and dependent mainly on the value of
such property for their security. In the first class belong the U. S. Government bonds, State bonds, City bonds,
County and Town bonds, and the stocks or plain bonds of corporations. In the latter class belong the mortgage
bonds of railroads or other companies and real estate bonds and mortgages. This distinction is mainly important
in presenting to the investor the option of trusting to the integrity and probable permanent stability of the
government or corporation issuing a stock or bond, or, on the other hand, of trusting in the value of a specified
piece of property in a certain location; on which his bond is secured.
INTEREST AND
INVESTMENT
TABLES.
The tables following show (in the "Compound Interest Table") the accumulation of principal and intf:lrest on one dollar a.\
~rious rates per annum from 1 to 10 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 tablet,, it is
seen at a glance that a 7 per cent $1,000 bond purchased at 86 pays 8·13 p er cent a year on its cost. The accumulation of prin•
cipal &.nd interest is seen to be in five years $1,410·50, in ten years $1,989"70, which in this case would be the result of an outlay
of $860, provided the interest was re-invested semi~annually.
COMPOUND
2 per
1 per
cent.
Number of Years.
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$1·0616
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tr:::::::::::::::::::::::,
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1 6 .. , . .... ... . .. ............ , $1·1;40
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41 .......... .. ......... .. .... . i $1 .5067
42 .......................... , 1:5218
4 .~ ....... .... .... .... . .. ....
1 5371
44 .........................
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45 ........... .... ...
... 1 1·5701
46 ..................... ... ... 1 $1 ·5858
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Federal Reserve Bank of St. Louis
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INTEREST
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tl'ABLE FOR I "tVESTORS.
The following t&ble shows the r&te per cent of annua,1 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
prieeR 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 realized 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
th e par may be), find 92 in the column of '' purchase price" and follow that line across to the column headed "7 l?er cent," which will show the correct figures-in the prese.l'.lt instance 7·60 per •ent.
Pllrchase Price.
1 per
cent.
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4"56
4 ' 68
5
4-24
4 '42 I 4·t,4 I 4'81
I 3'82
4· 11
,t-·~j
4 ·-;o
' 17 I
I 3 -71 I 4 I 44·29
I 44·57
3'b1
3'88
4'05
4·16
·44
3 ·51
3'78
3·94
4 -05
4 ·32
3·-12
3'63 I 3 ·84
3·!-14 I 4· 21
3 33
3 -~9
3'84
4.'10
3·50 I !'! ' 65 I 3-75 I 4
I 3·25
I 3'58
:3.09
3·47
3·57
3·8o
2·95 I 3·
I 2'88
·31
3'40
, ~18 33·24
3 ' 63
3· 11
3 ·33 I 3 -55
2 ·s2
3'04
3 · 17
3 26
3·47
2·70
. -.i-91 I 3 ·04 I 3·12 l 3·33
I 2'60
2·so
2" !-12
3-20
3
2'65
2 ·7i
2 -90
·33 I 2"40 I 2 ·50 ! 2'66
I 22 '' 3616 I 22·54
I 6¾ per i
7 per
8
1
I
I
5
( ·~
per 19¼ per I 10 per
II 8¼cent.per I cent.
cent. / cent.
9·:34
9"89
10 ·44
10"98
9 "23 I 9'78
10·32
10'86
9'67
10 ·21
I 9·13
10·75
9-57
10 · 10
10 ' 63
"94 I 9 ·47 I 10
I 89·04
;i2
I 10'
'85
9·37
9 '89
10·41
8 · rn
9 ' 27 I 9 -79
I 8'67
19 ·39
9· 18
9'69 I 10 ·2<,
8 ' 58
9'09
9 ·59
10·10
9
I 8'50
I 8'91
I 9·50
I 10!J'90
8'41
9·40
8'33
8'82
9·31 I 9 '80
8'25
s ·1:1 I 9 -22
9·70
8·17 I 8·65
9·13
9 "61
I 8'09
I 8'57 I 9 -04 I 9"52
8 ' 01
s ·w
8 ' 96
9·43
7 -g4
8'41
8 ' 87 I 9·34
7'87 I s·:;3
0·79
9 ·25
·79
s·25
8'71
9 ' 17
·72 I 8 ' 18 I 8'63 I 9' 09
I 777'65
0 ·10
8 ' 55
9
s·o3
8"48
I 7"58
8·92
7 ·52 I 7'96 I 8 ' 40
8'84
I '?" 45 7'89 8"33 8'77
! 7·39 I 7 "82 I 8·26 I 8 ' 69
-; ·32
7·75
8 ·1 8
8'61
I 7"26
7'69
8.
8'54
7·20 I 7·62 I 8 ·os I 8'47
7· 14
3 -40
I 77 '·0208 I 7"56 I 7'98
7 ·31 I 8'33
7·43
7"85
8 "26
7·37
I 6'96
7'78
8'19
6'91 I 7 ·31 I 7 ·72
s·13
6 '85
7 · 25
7'ti6
8'06
I 6'6 ' 8053 I 7·20 I 7·60 I 8
6'92
7·30
7'69
6 ' 29
6·66
7 ·03
7-40
I 56'07
6'42
6'78 I 7 14
I
·86
6 ·20
6 ·55
6'89
'66 I 6
I 55'48
6'3:-:! I 6'66
I
5'80
6'12
6'45
5·:u
5 ·93
6·25
5 ·45
5-75 I 6'06
I 55·15 5"62
5·29
5'58
5'88
I 4"85 I 5"14 5· 42 I 5•71
' 72
5
5 ' 27
5·55
59
4'86
I 444·47
5'1:.J
5·40
4·73 I 5
I
5"26
I
4-35
4'61
4'87
5·13
I 4"25
I 4·50
I 4·75
I 54'76
4 '04
4 '28
4·52
3'86
4'09
4·31
4-54
3 ·77
4
I 3'69
I 44 '·2213 I 4-44
3·91
4-34
I 3·54 I 3-75 I 3·90 I 4·16
3·40
3'60
a·ao
3 ·09
3 -27
:-i·es
' 16 I 3-3~
I 2'83
I 3 I 33 ·43
9
, 1
1 · i:;o
I
I
4
11 per
I
cent.
12 ·os
11 ·95
11 ·32
11 ·79
11·5,7
1 12 1 er I
cent.
I
13 ' 18
13 ' 04
12·90
12 ' 76
12 "63
12 ·50
12 ·37
12·24
12· 12
12
ll '88
I 11 ·,rn I
I 1111 ·3,i
·22
I 1111 ·11 I
10 ' 89
10'78
I 10'67
I 111111 ·53''iti' 65
10·57
I 10·47
I 1111 ·42
10 ·37
·32
I
I
I
I
I
I
I
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I
I
II
I
I
I
10 ' 28
10 · 10
10·09
10
9'90
9·s1
9·73
9 ' 64
9'56
9'48
9·40
9 ·32
9 ' 24
9'16
9'09
9 ·01
8'94
8'87
s ·so
8'46
8'14
7"85
7' 58
7-33
7·09
6"87
6·66
6"47
6'28
6' 11
5 94
. '78
5 ·64
5·50
5-23
5
4"88
4 ' 78
4:58
4'40
4
3'66
11 ·21
11 ·11
I
15 per
Cillt.
16 ' 48
16 ' 30
16 ' 12
15 ·95
15'78
]5"72
15 ·45
I 15"30
15 ' 15
15
14'85
14'70
14 '56
14 42
14 ' 28
14 ' ;5
14 ·01
13'88
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
1! ' 11
10 ·11
10·34
10
9'67
9·37
9'09
8'82
8"57
8'33
8 ' 10
7 ' 89
I • 7'69
I 7 ·50
7 · 14
6 ·81
6 '66
6 ·n2
6 ' 25
I
I
I
I
I
I
I
I
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I
I
I
20 per
l
21 ·27
21 ·05
2o· sa '
20 ' 61
20' 40
20· 20
20
I
I
I
I
I
I
i9·41
I 19'
23
I
11
I 10'90
I
10'81
10·71
10 ' 61
10 ·52
10·43
10·34
10 · 25
10 ' 16
10·03
10
!-1'91
9'83
9"76
9·67
9'60
11·23
8 '88
8'57
8'27
8
7·74
7·50
7·27
7 ' 05
6"85
6'66
6·48
6'31
6'15
6
5·71
5·45
5·33
5 "21
5
4'80
4 ' 36
4
l
I cent.
~1-:-w
I 21·
21 ·7a
50
I
I
I
I
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I
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5
rn· so
19 ' 60
I Hl ·04
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18'86
18 ' 69
18 ' 5!
18'34
: s·1s
18 01
17"85
17·6S
17'54
17 ·39
17 ·24
li •09
16'94
]6 ·80
16 ' 66
16 '52
16 ' 39
16 ·26
16 ' 12
16
15" 38
14 '81
14 ' 28
18 · ~
13 -33
12 · 00
~
~
l;t;j
~
0
~
~
~
CQ
~
0
~
V'J
I
·so
I 1211u '·12
76
I 11 · 42
11 ·11
10 ·s 1
10 5~
I 10·2a
I 109·5--2
9' 09
I s·s&
8'69
I s ·33
8
7"27
I G·66
~
~
_.,
86
STOOK SPEOULATION.
STOCK SPECULATION.
Speculatlve transactions, as distinguished from r egular investment dealings, are those conducted. on "margins," and m whieh
the operator does not pay or receive the actual price of the stocks bought or sold, but simply places a 1mfficient 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 party who
p urchases stocks in anticipaticm of a rise, but pays the actual price thereof, is not, according to the usual acceptation of the term.
engaged in speculation.
It shouid be clearly understood that the ultimate responsibility in stock operations is with the customer. He runs the risk of
the failure of his ciwn broker; nor can he hold him responsible for losses occasioned by the fraud or failure of others with whorr
he had made contracts. The broker stands in the position of an agent acting for h is principal. It is, therefore, hardly necessarJ
to rflmark upon the importance of dealing through brokers who have both integrity and pecuniary responsibility.
The great central point in stock speculatioa., about which. the wh ole business r evolves, is the fact that on the purchase or sale
of the usual amount of 100 shares of stock, r epresenting a par v:Llue of $ 10,000, each fluctu ation of 1 per cent from the p urchase
price occasions a gain or loss of $100, and this iP the same whether the purchase is at a price a bove or b elow 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. Prior to the repeal of the Usury Law a.a
pertaining to call loans in New York (by the Act of 1882), it was customary in times of monetary stringency to charge
commissions for obtaining loans, which commissions varied from 1-64 to 1 per cent a day, and were a very severe tax
on stock operators.
Subsequent to the question of interest is that of commissions, 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 selling, thus making the cost of
one "turn" in stocks just $25. The Stock. Exchange does not allow any transac tions to be made by its members for outsiders at
less thau ¼commission. Dividends paid during the pendency of a contract al ways g o to the nominal owner of the stock. 'fhe
whole class of stock operations ordinarily carried on in New York m ay 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 known as "puts," " calls" and "spreads."
The last-named are not recognized by the New York Stock E xchange.
1. Buying for a rise is by far the most ordinary transaction with non-professional speculators. In this case the customer
usu.ally deposits $1,000 in his broker's hands as a 10 per cent ' "marg in" on 100 shares of stock which he orders to be purchased,
and which his broker holds or "carries" for him until ordered to sell t h e same, or until the margin is about exhaustec. fo the
latter case, if the customer, on request, fails to put up more margin, the broker is at ~berty to sell the fltock immediately, and
charge him with the l0t,s, if any. Interest is charged the customer on th e purch ase price, with buying commission added, usually
at 6 per cent, as long as the stocks are carried. In ca~ of a tight money market the broker is entitled to charge his customer any
additional price which money actually commands for ca rrying the stocks. A p arty car rying stocks for a rise is said to be ''long"
of the m arket, or a "bull."
~- Selling for a decline, or going " short" of stockiS (being a "bear''), is also a very common transaction, nnd is simply the
opposite of buying, as above, except that the seller, not having the st.ock, is obliged t o borrow it for present delivery, and take the
.'!.'isk of buying it back at a future day, to return to the lender. Aside from the ordinary fluctuations of the market, the chief risk
i.n thus " selling short" is in the chance of a " corner" in the stock in case a cliq ue g et control of it and force prices up to
ex traordinary figures. This is a rare operation, but has at times been effected , n the :N'ew York market with disastrous
consequences to those ~ho were "short" of the cornered stock s. As a general rule, not hing is paid for th_e use of the stock; but in
·~al!le it is scarce, a consideration has to be paid for th e u se from day t o 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 the agreement may be, has the option to
call for or tender the stock at the price named, at any time within the period limited by the contract; but the Stock' Exchange does
uot recognize contracts running over 60 days. Thus a party anticipating- a rise in stocks purchases 100 shares, "buyer 30," or on
llis option to call for the delivery of the stock at any time within 30 days, at the p rice named; this price is usually some.what
.lbove the current price at the time. If a decline in stocks is expected, " sale is similarly made " seller 30," or at seller's option to
;ieliver at any time within 30 days at the price named, and the price is usually more or less below the market at the time. In
purchases on buyer's option (for any time over three days) the buyer is c.harged with interest on the price of the stock up to the time
he 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.
Interest in either case is at 6 per cent, according to a rule of the Stock E xchange; and at the end of the optional period the seller is
obliged to deliver, and the buyer to receive, the stock, if the contract has not previou!:'ly b een closed. Margins and commissions
are the same as above.
4. Stock privileges, or "Puts," "Ca11s," and "Spreads" or "Strjddles," as they are commonly 1called, are contracts entitling
th e h older to receive 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 r eceive or deliver. A certain cash price is paid for the contract by the purchaser, and his entire liability in the transaction is 1imited to that amount; and, as the question of interest does not enter into the
matter, the uncertainties of ihe money market need not be taken into consideration. The amount paid for a 100 share privilege is
g enera11 y $100 for 30 days, and $150 to $200 for 60 days, and for double privileges a larger amount. The variance from the current
marke·t p rice at which privileges on different stocks are sold vai-ies widely, according t o the character of the stock named and the
condition o.f the market at the 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
t h e contract r eads substantially as follows:
1S-.
per cent, any
NEW YORK, - - - ,
F oR VALUE RECEIVED, the bearer may deliver me One Hundred Shares of th e stock of th e - - Railroad Comp!lny, at the price of t ime in thirty days from date. The undersigned is entitled to all dividends declared dming th e time.
(Signed)
A "Call" entitles the holder thereof to call for or demand stock from the signer thereof, according . to the tet"ms specified, ana
r eads about as follows :
•
NEW YORK, - - - , 1b-.
FoR VALUE RECEIVED, the bearer may call on me for One Hundred Shares of the Stock of th e - - Railroad Company, at the price or per cent
any time in thirty days from date. 'l'he bearer is entitled to all dividends declared during the time.
(Signed)
- --
cl "Spread" is •a double privilege, and entitles the holder either to deliver to, or demand from , the sig ner •hereof,_ the stocks
named in it, according to the t erms of the agreement. If the prices named in both cases are the same, then it j $ known as a
'' Straddle." The contract reads substantially as follows:
.
NEW YORK, - - - , 18- ,
FoR Y ALUE RECEIVED, the bearer may call on the under8igned for One l'J:undred Shares of the Stock of the - - Company, at - p er cent, any time in
thirty days from date.
OR THE BEARER MAY put or deliver the same stock to th e undersigned, a t - per cent , a ny time within the period named. All dividends declared during
~e time are to go with the Stock in 1:ither case.
.
·
.
Expires - - -, 18-.
(Signed)
·
-.
~9 ~e p1n-ch ~s~r
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
~i
"fltts,"
"9~H!:3," or "Spreads" t.A,eft if &'1 . 1?llit1 tQ los~ ber o.n.,(\
*~
~~-:>~ijt
paid in cash fpr t4e (?QU~ ~Qi·
UNITED
STATES
PRICES
FROM 1860 TO
SECURITIES.
1888,
I CLUSIVE.
The debt of the United States in 1860 was only $64,842,287, and from that point it steadily rose with the
various issues made for war purposes until it reached $2,636,036,163 on the 30th of June, 1866, which was the
maximum amount at the close of any fl.sea.I year; the absolute maximum was on August 31, 1865, when the
total was $2,756,431,571.
The following is a statement of- outstanding principal of the public debt of the United States on the 1st of
January of each year from 1793 to 1843, inclusive, and on the 1st of July (at the close of each fiscal year) since
1844, inclusive. In the year 1860, and subsequently, the totals given are the net amount of debt, not including
accrued interest, less the balance of coin and currency in the Treasury. This method has been adopted as showing
most clearly the actual increase or decrease in the public debt from year to year, and will generally be considered
the most satisfactory. Bonds issued to the Pacific railroads are not included in the statement, as these are
assumed to be a conditional indebtedness for which the Government holds security in the shape of second mortgage
liens on the several roads. The amount of debt thus outstanding at the close of each fiscal year since 1859 has
been changed from the figures given in previous issues of the FINANCIAL REVIEW to agree exactly with the
statements given in the annual report of the Secretary of the Treasury, the principal difference being that interest
unpaid and accrued was formerly included as part of the debt, and after 1885 the Pacific railroad bonds were also
included in the usual monthly debt statements.
1
Year.
Amount.
Year.
78,407,404
80,747,587
8 :-{,762,112
82,064,479
79,228,529
7 8 ,408,669
82,976,294
83,03~,050
80,712,632
77,05 4,686
86,427,120
82,312,lbO
75,723,270
69 ,218,390
65,196,317
1 8 09 ...
1810 . ..
1811 ...
1812 ...
1813 ...
1814 ...
1815 . ..
1816 ..
1817 ...
1 818.
1 819 ...
1820 .. .
1821. ..
1822 ...
1823 ...
1824 ...
-1793 ... ~8 0,352,634
1794 . ..
1795 .. .
1796 .. .
1797 .. .
1798 .
1799 ...
1800 ...
1801. ..
H-02 . . .
1 803 . ..
1 80-! ...
1 8 05 .. .
1806 ...
1807 ...
1 8 08 .. .
-
Amount.
- ---
$57,023,192
53,173,217
48,005,587
45,209,737
55,962,827
81,487,~46
99, 803,660
127,334,93::J
123,491,965
103,466,633
95,529 ,648
91,015,566
89,987,427
93,546,676
90,87fi,877
90,269,777
Year.
A.mount.
1826 ...
1827 ...
1828 ...
1829 .. .
1830 ...
1831. ..
1832 . ..
1833 .. .
1R34 ...
1 8 35 ...
1836 ...
1 8 37 ...
1838 .. .
18 39 .. .
1840 . .
$ 83,788,432
81,054,059
73,987,3 :i 7
67,475,043
58,421,413
48,565,406
39,123,191
24,322,235
7,001,6!:)8
4,760,08i
37,513
336,957
3,308,124
10,434,~21
3,573,343
5/Z50,875
-1825 ...
Yea,.
I
Amount.
18-11 ... $13 ,594,480
1842 ... 20,601,226
1843 ... 32,74.i,922
1844 ... 23,461,652
184fi ... 15,925,303
1846 ..
18,550,202
1847 . . . 38,826,534
1848 . .. 47,044,862
· 1 8 49 . .. 63,061,858
1 8 50 . . . 63,452,773
1851. .. 6~,304,796
1852 ... 66,199,341
1853 .. . 59,803,117
42,242,222
1854.
1855 . .. 35,586,956
1856 . .. 31,972,537
.Amount.
Year.
Amount.
Year.
- - · - - -- ---
J 873 ... $2, 105,4.62,060
1 8 74 ... 2,104,149,153
lb75 . .. 2,090,041,liO
1876 . .. 2,060,925 ,340
1877 ... 2,0 I ~,275,431
1878 . . . 1,999,382,280
1 879 ... 1,996,414,905
1880 .. . l,91 !-4 ,326,747
11- 8 1. .. 1,819,650,154
1882 ... l,67~,023, 74
188 3 . . . l,538,781,82f>
1 8 84 ... 1,438,542,995
188 5 . .. 1,375,35~,44 3
1886 . .. 1,282,145,840
1887 ... 1,175,168,675
188 8 .. . 1,063,004,895
1857 ... $28,699,831
18 :'1 8 . ..
44,911,881
18 59 ...
58,496,837
18 60 ...
59,964,402
1 8 61. ..
87,718,660
li:j6:t . . 505,312,752
1863 . .. 1,111,350,737
1864 ... 1,709,4.fl 2,277
1 8 65 . .. 2,67 4,815,8!; 6
1866 . .. 2,636,03 ti,163
1 8 67 . . . 2,508,1 5 1,211
1868 ... 2,4 8 0,853,413
1869 .. . 2,432,771,873
11-170 . .. 2,3::11, 169,956
1871. .. 2,246,994,068
1&72 . .. 2,149,780,530
UNITED STATES DEBT STATEMENT DECEMBER 31, 1888.
The following is the official statement of the public debt as it appears from the books and Treasurer's returns
at the close of business on the last day of December, 1888, according to the new form adopted April 1, 1885.
INTEREST-BEARING DlllB'l'.
Amownt Outstandinq.
lharacterot Inter't
Isme
P''IJ'ble Registered,,
4¾s ...... . 1891. Q.-M.
4s ........ . 1907.
(srefdg.certfs.
Se, pension
Pacific RR s ...
..
Q.-J.
Q.-J.
J.&J.
J.&J.
Aggregate . . . . ....
•
Coupon.
•
149,552,750 81,599,550
580,156,650 100,980,950
.............. ............
.............. ............
*64,623,512
............
794,382,912 182,580,500
Total.
RECAPITULATION.
Int. Due Accrued
&Unpaid. Interest.
- - -------
•
181,152,300
681,137,600
128,240
14,000,000
*64,623,512
•
•
376,605
679,321
974,811 6,811,37tl
48,Wl
1,282
210,000
9,509 1,938,705
........
------- ---
941,041,652 1,409,658 9,640,684
• $2,862,000 matures Jan. 16, 1895; $640,000 Nov. l, 1895; average date of
maturity, March 10, 1895 ; $3,680,000 Jan. 1, 1896, U,320,000 Feb. 1, 1896 ;
average date of maturity, Jan.18, 1896; $9,712,000 Jan. I, 1897; 129,904,952 Jan.
l, 1898; $14,004,560 Jan. I, 1899.
DEBT ON WHICH INTEREST HAS CEASED SINCE MATURITY.
Aggregate of debt on which interest has ceased since maturity is $2,094,695 ;
interest due and unpaid thereon, $160,783. This debt consists of a number of
Items of which the principal amo11nts are called bonds.
DEBT BEARING NO INTEREST.
Amount.
Old demand notes .. . ........... r, . . ..................... .
L~al-tender notes .................... , ....... . ......... .
Certillcates of deposit ......... . .......... . ........ ; .....
Less amount held in Treasurer's cash............
Gold certificates........................ . .................
Less amount held in Treasurer's cash. •• .. . . ... •
Bllver certillcates • .. • • • • • .. • .. • • .. .. • . .. .. .. • .. • .. .. . ..
Less amount held in Treasurer's cash ... . .. .....
l'ractlonal currency.. . . . ..................... . . .........
Less amount estimated as lost or destroyed....
$56,80'7
346,681,016
10,720,000
470,000- 10,250,000
157,016,150
36,127,702- 120,888,4~8
250,178,566
3,958,567- 246,219,999
15,295,460
8,875,9846,919,526
nterest-bea.rl~ debt . ......•...
Debt on which int. has ceased ..
Debt bearing no interest ...
....
Prtnctpal.
Interest.
Total.
----
•
•
941,uil,652
2,094,695
781,015,796
•
ll,050,843
1(!0,783
952.091,996
2,255,478
781,015,796
....... ········
1,674,152,144
• Total debt .....................
11,211,127
Less cash items available for reduction of the debt ... $390,0M,7411
Less reserve held for redemption of U. 8. notes ..••.• 100,000,000
l,'3.:,5,363,271
Total debt, less available cash items .............................
Net cash in the Treasury ........
1,194,698,522
60,686,264
Debt, Jess cash in the Treasury, Jan. 1, 1889 .......................
Debt, less cash in the Treaaury, Dec. 1, 1888 .. ................... . ..
1,184,062,257
1,148,489,858
Decrease of debt durlna the month ..............................
Decrease of debt since June HO, 1888 ... . .. ...... . ........... . .. . .....
31,522,898
··································
$490,664,749
--14,4'27,595
·• ·
PACIFIC RAILROADS.
lnt. repaid, by Uompunies. Balanca
Interest
Principal accrued, Interest
Name
By Trans- By cash pay- of Inter's
Ou,t,.
paid,
by
and not
of Railwa'IJ.
stand,iin{J, yet paid,, the U. S. portation m'ts: 5p.c. paidb1/
Service. net earnings the U. s
$
25,885,120
6,308,000
27,286,512
1,600,000
1,970,560
l,6~,320
- - -
•
776,553
189,090
817,0.05
48,000
59,lltl
48,849
•
5,775,92!J
8,657,864
11,818,870
862,522
P,SU7
147,251
Totals . . .. 64,628,512 l,USS,705 178,609,147
21,801,800
- - - - ---
•
.........
·- - - - <
$
31,218.091
8,020,288
38,128,804
2,029,808
2,259,416
1,952,793
Cen. Pacillc.
Kan. Pacific.
Uni'n Pacific
Oen.Br. U.P.
West. Pacillc
SlouxC.&P.
658,283
-$
..........
24,788,884.
4,362,368
20,84'M2S
1,660,858
2,250,049
1,805,5'1
1,108,619
55,704,227
488,4.09
6,926
.......... .
The sinking funds held ($10,018,650 bonds and $202,114\J.cash) $ l0,221,599., of
which is,069,6811 was on account of Central PacUlc and 17,151,910 on account of
__
All
_ lll'
___,.
efl
=a_t _
e :-:
of,...d_ e_b_t _b ea
_ rl_DJr
_ n_o _tn..,.t_er_e_st_. _. . _...,,.
....,.
· ··- =··= =----=---...::.
l c.,
78:.::l:,.::.
,0.::c
l5:.:..79
:.;;.;.
6 . Union Pacific.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
•
UNITED
STATES
SEOURJTIES.
PRICES OF UNITED STATES BONDS.
In the following tables are shown the monthly highest and bonds into new bonds at 4½, 4, 3½, and finally in 1882 into 3
owest prices of United States Government Securities for the per cent bonds payable at the option of the Government. The
twenty-nine years, from.1860 to 1888, inclusive. Attb.e begin- range in prices of Government bonds during all those years is
ning of this period, which was just before the war of tlie re in some measure a key to the financial history of the country.
hellion, the total cebt of the Government was merely nominal, In 1884 the highest price of 4s, due 1907, was 124½, in March,
and the five per cents due in 1874, and having then about four- and the lowest 118½, in May, &c. In 1885 the highest price
teen years to run, fluctuated in the year 1860 from 99¼ in was 124%, in December, and the lowest 121.% in April. In
January to 104½ in June (before interest payment), and to 89 1886 the highest price was 129.%, in December, and the lowin December, when the political excitement was at fe~er heat. eat 123, in January. In 1887 the highest price was 129%, in
Th~n foJlowed the war period till April, 1865; thence the March and May, and the lowest was 124½, in September,
period of speculation till September, 1873; thence the period October and December. In 1888 the highef?t price (under
of recuperation, till the resumption of specie vayments on heavy purcbac::es by the Treasury) wa13 130 m September and
January 1, 1879, and the subsequent funding of the maturing the lowest 123¾ in April.
.
1860.
J.ANUAlO
SECURITIES.
MARCH.
]<'~~BR'ltY.
----
APRn.
I
JUNE.
MAY.
JULY.
AUGUST
SEPT'BER
OCTOBER. NOV'BER. DEC'BER.
---
Low.High Low. High Low.High Low.High Low.High Low. High L ow.High Low.High Low.High Low.High Low.High Low.High
----
---
----
U. S , 68 of 1868, coup . ... 106½-107 106 -107¼ 106½-107¼ 108 -108¾ 108¾--109½ 108 -108 108 -109 109 -109¼ 108 -108½ 107:)4-107¾
09,½i-100 .90½-100½ 100½-102}.('102 -102¾ 102%--103 100¼-100¾ 101 - 102 102 -102 102 -102½ 93 - 98
U.S. 58 of 1865, coup .... 98 -100
lJ . S, 5sot·1 ~ 74, coup .... 997(-100½ lOQ¾-100½ 10Qr4-101¾ 103 . -103¼>03 - 103¾ 103¾- 104½ 101¼-102 102 -103 102:};-103.½i 102½-103 95 - 103
96 - 96
92 - 93
89 - 96
1861.
98 -100
U , S. 6sof1~68, coup ....
U . S . ~s of 1881, coup ....
U. S , />S of 1865, COil}> .. . .
u. s . 5s of 1871, CO il}) ....
U . S . as of 1874, coup ....
.. .. - ....
90%-' 92
01 - 03
92 - 97
I 95
94 - 100
OSl,- OSl,I
86 - 91
01
89
87½- 91 ....
85 - 93½ 85
- 05½ Y5 - 1)5
- 94
84½- 04
- 92
91 - 91¾
- .... 85 - 85
- 90
75 - 89,½'.
80 - 95
84¾- 89
85 - 86
78 - 80
75¼- 79
88 83 85½75.½i75 -
90
85
86¾
79
78),:
87 85.½i86 77½76 -
90
90¾
89
80
82
87½- 90
88 87¼- 89¾ 89¼85 - 87
86 ... . - . ... 79½70½78¼- 81
90
91¾
87¾
81
81
90 91¼87¼81½81.½i-
90
95¾
89
85
81:l
f2 93½87¾82½83 -
97 -' 98
89 - 93½
92
95¼
89
86
86
86½- 88½
82%- 83
79 - 83
- - --
186~.
LJ , S , 6s of 1868, coup ....
U. S . 6s of 1 881, coup ....
u. s. 5sof1865, COU}) ....
U. ~ . 5sof1871, co:11> . . ..
U. S . 5sof1874, cou p ....
U . S . 6 s, certificate§ ..... :
TT. S . 7 3-10 notes ........
')
85 87½85 79½78 -
90
90 - 02
92½- 95
02¾- 94¾
00
90¼- 98
80
88 - 88
S5
85 - 88
. ... 97 - 97
99% 997(-100
01¾ 88½- 93
86½ 86¾79 80
80% 78½-
.... - .. .. .. .. 97½- 98
98 -
94 - 97
97)4-102
92½- 98
97¾- 105¼
92 - 92½ 93½- 07
.... - . ... 93 - 96
86%- 00
89¼- 96
96--}s-- 99
99 -100.½i
99¼-101½ 102¾-105¾
1
96½- 99½ 06½- 100 103 - 103.½i
98,½i-101¾ 09 - 102½ 102 -104¾
96 - 97
88¾- 90 89 - 91 92½- 93
85 - 01
88 - 91¾ 91 - 94
98)4- 09% 98¼- 09% 98½- 99¾
102,½i-105½ 102¾-104% 103 - 103
96½-100
06½-103
~o - 92
8(3"2- 86¾
85 - 91
98 - 99
99 - 105¼
103½-107,½;
105,½-107¼
03 - 99
96½- 97
95.½i- 97½
100,½i-100¾
104½-106¼
04-94 194-95
I
101½-102 102 -102
103 -104½ 102¼-1~
97 - 07
95 - 95
. .. . - . ... 01¾- 92¾
91½- 03
01½- 92¼
97½- 99¾ 04¾- 07¾
103½;-105¾1100½-104)4.
1863.
U. S . 6 s of 1881 , cou1>. ..
u. s . 5s of 1865, cou1> . ..
U.S. 5s ot· 187,J, con;> ...
U.S. 6s, goldcertificates
U . S. 6 s, current certs . ..
U . S . 7 3-lOs, A . & O .. . .
U . S . 7 3-lOs, F . & A ....
91¾- 99
93¾- 102½/100)4-105½
.... - . .. C6 - 99 99½- 90%
86 - 90
85½- 07),( 94 - 98¼
94¾- 97¼ 93%- 90
08)4-100¼
.... . ... .... . .. . 00)4- 100½
100 -103 101¾-105%' llJ4;4-10i,½i
102½-103 102½-104.' ~02:h;-107
"
, c; -107 106¾-110¾
105 -105
- . ... .... - ...
9: 7,{-100¼
96,½-101
97 - 97
100 -101¾ 101 -101¾ 101¼-102;{
99¼- 99% 99¾- 99:H\ 99 - 99½
:j.05¾-107¾ 106½-107¾ 105,¼- 108%
105½-107¼ 105 -106½ 106 -108
104¾-100)T07¼P'8'4 107¼- 110 [104 - 107 [104%-107;,,
. ... - . ... 104 -106
05)4- 0$)4 !)7 • 98
90¼-102 101 -102
98 - 90%1 08 - OD¾
104¼-100 106 -107½
I
.
104 -107 11D6¾- 109
106 - 108½
08¾- 100
100)4-101)<:
97 - 00:)-1;
103½-107.½i
107 - 107½
104½-105
07 -100
08){-101.½i
fli¼- 90½
105 -107
105¼ -107½
....
.
108¾- 110¼ 108½-110
117 -125 124 -127\
100 -100
98 - 100½
08 -102¼ 101¼-102¼
08.½i- 09
08 - 98½
105¾- 107% 106!,,i-106%
106 - 107.½i 106½- 107¾
1864 .
•
U . S . 6s of 1 881, co 1111 .. .
U . S , 5-20s, cou pon ......
u. s . 10-110s, coupon .....
U.S. 7 3-10s, A. & O . . ..
U , S . 1 year ce1•tificates.
104 - 107 106¾- lll½ 111¼-113¼~113 -11s
101½-104% l0B¼-107 107 - 110½ 105 - lH
1
Ins
-115 1111 - 114 102 -106% 104%-109¾ 106½-109
105,¼- 107¼ 101 -106¾ 101½-109 106½-113 105 -111¾
_
I
__
I
__
. . .. - ....
103 - 103.>{ g5 - 99
106¾- 107:ii 107¾-111
107 - 112 107 -112
97¾- 98¼ 97¼- 001/. 09¼- 99¼ 97¾- 99¾ 98.½i- 98½ 92¾- 98¾ 93 - 96¼ 93¾- 95¼ 93 - 95
iii: _,;3· ·1i08u-1i.·. iOQ,,_,;;··1;05
-,io·. iOOu-1Mii
104½-106¼1106½-113
106¼- 108½ 100½-107¼
92½- 96½1 94 - 09¼
104 - 108¾ 107 -124
94½- 95½1 95 - 98
1129-s- 118
106.½i-110
08),~- 102½
116½-122¾
96 - 9'i'.7/4
I
I S66.
U.
U.
U.
U,
S.
S.
S.
S,
U . S.
U. S .
L09½-112¾
106¾-110
106½-110
100½-102¾
114 -119
96¼- 98
6 s of 1881, con1> ...
5 -20s, c oupon ......
5 -20s, new, con1• ..
10- 4 0 s , coupon .....
7' 3 -1 0 notes . ... ....
1 year ce1·tificate1,1.
109½- 111½
108¼--112
108 -111
100½- 102%
115 - 116½
97%- 08½_'
103½-111.½i 105 - 110¾ 108½-110¾
104¾-111¾ 105¾- 109¼ 102¼- 107
100¾-110¾ 1057(-109¼ 102½-101:l
89¾-102¾ 91½- 97¾ 94¼- 97~
114 -114½ .... - . .. . 99½- 993'.{
96½- 98-X 08%- OD>{ co - IJO~.
108¾-110,¼ 1106½-108¾ 106 -107¾ 107¼-108¼
102 -104¼ 103¼--106 105½-106% 105¼-108.½i
103 -104 103%-105¾ 104 -105 105 -106¾
93 - 98¼ 93¼- 94½
04¼- 97¾ 90¾- 98
00¼- 09% 99½-100
98¾- 99¾ 98 - 99~
99¾- 99¼ 97¾- 99¾ 97½- 98¾ 98½- 99
106¾-108¼
101¾- 105¼
101 -103
92½·· 94,{
97 - 99¼
97¾- 99%
1057(-101-1%
99¾-103
98¼-101~
89¾- 92➔-!
95%- 09
967/(- 9731:
106¾-108¼
100 -105¼
09 -102~
90¾- 95
0C¾- 08¾
97½- lil8%
1866.
U , S . 6 s of 1881, conp ... 1103¾-104% l03¾-104½ il04¼-105¼ 104%-l08½ jlu7 -109½ .1 109½-110½ 1106¼- 110 1109½- 113¼ j110¾-112 l.ll¼-113½ 112 -114¾ 109¾- LlSS(
u. s. 5 -20s of1862 .. ..... 102¾-105 1102¾--103¾ 103 - 104¾ 11H3)4-106¾ 100%-102¼,101½-104¾ 104)4- 108¼ 108¾- 113¾ 1077,1-112½ lll¾-115¼11L07½-110% 105¼-108.½i
u. s. 5 -20s of1S6<1 . .. · ... 101½-102¼ 102 -103¾ 11021,..13-104.½i 1103¾-105% 101¾-102¾ 102 -103¾ 103¾- 106 105½-110 j108 -109½ 109%-111 !.05¾-107¾ 104¼- 107
u. a-20s uf1865 .... . .. 11101½-102~ 101¼-103¼ 103 -104,¼1104 -106 101¼- 102¾·1102,½i-103½ 103½-106¾,106 -109¾ 1107¾- 109¾ 109 - 111¾ 1105¾-109¾ 104¼-107¼
U. S .10-4 0 s . . . .. . .... ... ... 02¼- 93¾ 93¼- 94% 1 90 - 92¾ 91¼- 96½ 94 - 96½ 95¾- 97¼ 97¼- 99
99 - 103¼ 97½-100¼ 09¼-100.½i 99½-100¾ 99 -100¾
U. S . 7 3-10 uote~, 1st .. . 03¼- 00¾ 90.½i- 99¾ 99½-100)4100 -102 100½- 102% 102 - 103¼ 103 -104½1104 - 107¾ 1105½-107½ 106 -107 l0E -108.½i 104 -105¾
U. S . 7 3-10 notes, 2<1. ... 07¾- 99¾ 98%- 99% 99¼-100½ 99¼-102 101 -102%!102 -103¾ 103 -104¼l104 - 106¾ 105,½i-106¾ 105%-106¼ 104 -106,Yo 1037,11-10~
U. S . 7 3-10 notes, 3d . ... 97~'- 99
00 - 99½ 09 -100¾ 99%-102 100¾- 102¾ 102 -103¾ 103 -104¼ 104 - 10(l%l105 -106½ 105½-106¼ 104 -107¼ 104 -10~
1
s.
1867.
U. s. 6• of 1881, c oup .--1106¼-108¾ !07½-110½ 108¾-110.½i 108%-110¾1110½- 112 1111%-113¼,109 - 110¾ 110)4-112.½i 110¾-112¼ 110½-112¾ 112 - 113¼ 111%-1127/4
U, S. 5-20s of '62, c oup . 106¾-108 107¾-111¾ 108%-111 110¾- 111¼ 107 -109½ 109%- 11(%1110%-112¼ 111%-114% 110¾-115¼ 111½-113¾ 1077/4-108% 107 -108¾
u. s. 5-20s of'64, COU}) . 105¼-106 105%-108½ 107,½i-108 107%-109.½i 105,½i-106 105¾-107%1107½-109¾ 109 -110¾ 108%- 110~;! 108¼-109% 105 -105% 104.½-106
"'·T---'°"'
1
U. S . 5-20s, '65, c.,M&N 105 -106¾ 105¾-109.½, 107,½i-108¾ 107,½i-109% 105%-108
uU.. •.••
,...•••••• , .. ~
S . 5-208 of'67, cou p ..
1
104¾-106½ 106½-107¾
106½-107¾ 107%- 109% 109½-lll}s
107¾-108¼
1077,11-1087,..ii
110~
99 - 99¼ 99½-100½ 100½-102¾ 102,¾-103¼
'°'¼=,o ;"IIO"'="'"" '°"."= :~"=:::
. . .. - ....
U . S . 10-40s, coupon . .... 99¾-100
99¾-101¾ 97½- 98¼ 977,-s- 99
109¾-111½
107½-109
107%-109
99½- 99¼
108¾--110¾
106¾-107%
106¼- 108
99%-101.½i
105%- 100½ 104¾-105¼
1071/,,108 107½-10~
107½- 108 107½-109
100%-102¾ 100%-104
1
1868.
U, S. 6 s of 1881, c ou p ... 108%--112 110¾-112¾ 110¾-111% 110%-113½ 113 - 116 1116½-118¼ 112¾- 115%1113.½i-116¼ 113½-114½ 113 -116¼ lll!H;-115½ 114,½i-115
COU}>. 1077,/4\-111% 110 -111¾ 109¼-110¾ 109}1;-112½ 108 -111% lll¾-113¼ 112¾-114% 112¾-115 112½-115¼ 112¼-115 105¾-ll:J¾ 1097,/4\-111¾
c oup . 105¼-109% 107¾-109½ 107¼-108¾ 107%-110½ 106¾- 109¾ 109¾-111¼ :10 - 111% 108%-111,-,i 109¾-110¼ 109">{- 112¾ 104¾-108¾ 106¾-107¾
U.S. 5-20s, 1865, M&N 106 -110¼ 108¼-110¼ 107%-109 1077/4-111¼ 106%-109¾ 110 -111¾ 110¾-112¾ 1110 -112¼ 109¾-111% 109¼-112¼ 104,;!'-108¾ 107,½i-10~
l'J, S. 5-20s, 1865, J &J. 104½-108¼ 106¼-108¼ 106¼-107~4 106¾-109 lOSj:i-111% 112%--114¼ 108 -109½ 107¾-109¼ 1077,,11-109¼ 107%-111% 106½-110¼ 109¾-110%
u. s. 5-20s, 1867, coup. 104%--1013:ki 106%- 108¾ 100¼-107½ 106¾-10972 109¼-112¼ 112%-114¾ 108¼-109% 106½- 109¾ 107¾-109}'.( 107%-112 107¼-111¼ 109¾-111~
u. s ..5-20s, 1868, c oup . .... - .... ... - .... . ... - ... . .. - .. .. ... - . 100¾-110¼ 108.½i-109%[107 -109¾ 108:!,ii-109½ 103¼-112>11107%-111 110 -111'8
U. s. 1 0-4011, couuon .... , 101¾-104¾ 104~-105,~ 100¼-101¾ 100¼--108 103 - 105~ 105:)4-1.J7% 106¾--108>11108 - l ~1104.¼-t05¾ 104.x(-106% 103 -106-" 11100 -lOOU
'u. S, 5-20s, 1862,
u. S. 5-20s, 1864,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
1
1
•
DNFIE.D ST.A'lES SEOU.RITIES.
tis of 1881.
~
6s (5-20 years) Coupon.
1862.
1864.
1865.
1865 n .
Coup.
Reit.
- - - - - - - - - - -· --Jan.
Open'g
Hlgh't
Low'st
Cl o: 'g.
ll L
109¼
111
100
112¼
l l l }s
111¾
113¾
111¼
113¾
Open'g
Hlgh't
Low' st
Clos·g.
112¼
116¾
112¼
116¾
111½
114½
111½
114½
113
L18½
113
118½
Mo.r.
iii,
Open'g
Hlgh't
Low'st
Clos 'g.
115¾
117¼
115¾
115¾
111¼
112¾
-
186i.
--
-
1868.
-
-
-
6s (5-20 years) Coupon.
6s of 1881.
5s,
10-40,
Coupon
Coup.
Reg.
1862.
117¼
123;.i
116¼
123¾
117¼
122¼
ll7¼
122¼
121¾
125~'
121¼
125¼
124¼
125
121¾
123¼
124¼
125
122-">s
123¼
125¼
125)4
122¾
128¼
123
128
119
119¼
123¼
123,4
119
119
119¾
120)4
110
119¼
- - --- - - - -
1864.
1865.
lli¼
1 ;½
, 17¼
123½
118¼
-- - -
186~-~-L~
July,
107¾
109¾
107¾
109½
108¾
110¾
107¾
110¾
107
108¾
106¾
108¾
107¾
109
106%
108-~
107½
109),<~
107¼
109
106
108¾
105¾
108¾
Open'g
High't
J,ow'st
Cl os'g.
104¾
115¼
109!4
115)4
110½
116¼
110~
116¼
108¾
113)4
108¾
118¼
108¾
113¼
108%
118¼
108¼
112¼
108%
112¼
108½
110¼
108¼
110¼
Open'g
High't
Low'st
Clos'g.
123~.!
118¼
123½
5s,
1868.
~2:_ -
10-40,
Coupon
--
116½
122H
116¼
122¼
115¼
122; 5
11o;s
122½
116¼
122
110
122
108
114¾
107½
11~
122¾
122¾
122¼
119:)s
121%
122½
122¾
120½
120>1i
116
116¼
112¼
115½
120¾
120¾
117
117
112¼
112¼
108.),(
108¼
Aug,
Feb.
122½
123%
124¼
12o~s
1!:!2¾
128¾
123¼
119¼
119¼
122¼
122¼
118½
lL'.13
123½
122¼
118)4
lL . _:
121¾
121)~
121.½
121½
l "
116¼
117¼
117¾
119
120
118½
119¼
120
121
119)4
110¾
119}.(
119½
117
117;!.!
119¾
120
117
119%
1177/4
118¾
115¼
116¼
11 }~
11 ¼
115~.•
116¾
11 ¼
110~.!
110½
109}8
109¾
l07}ii
107:½I
119)4
119¼
115¾
115
119¾
119;{
115;{
115¼
116
110
112){;
112¼
113¾
118¾
110¾
111
11-l
114
111
119
116¼
113½
118½
116¼
116¼
113¼
113¾
116¼
110¼
118¾
113~4
108
108
106½
l 0i
115¼
120¾
115¾
11 R1..,
112¼
116½
112¼
11 41 1
112¾
116
111¼
1117/,
110½
113½
110½
11 '.l
110¾
114¼
110
111 q{
113
113¼
116½
11S)4
11/i¾
113
116¼
11S
115
106¾
110¼
106¾
109%
123%
124
120¼
12:::~
119;:
121¾
Sept,
118
120
117¾
118
115¼
110½
114%
115
115¾
115¾
113¾
113%
115
118
114%
115%
118
113¾
112½
118
112%
113¼
112½
118
112¾
114
112¾
118
106¼
106¼
105¼
105¼
Apr.
Ope:i 'g
High't
Low'st
Clos'g.
Oct.
Open'g
High't
Low'st
Clos'g.
115¾
118~
115¾
118¾
115
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--- - -- -- -- -- - -·- - -
Jan.
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6s (5-20 years) Coupon.
6s, 1881
Coup.
--- - - - - - - - - - - -
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reg.
1868.
1867.
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6s, Cur4s, 1907 rfgJK·
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122¾
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123
123
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fls, currency,
1898
• reg·
5s, 1881. 4.¼s, 1891. 4s, 1907.
Coupon Bonds
6s, 1881.
Coupon Bonds.
6s, 1881.
5s, 1881. 4½s, 1891. 4s, 1907.
- - - - - - -· - - - - 1 - - - - - - - - - - - - - - - - -·I I - - - - - - · - - - - - - - - - - - - - - -· ---,,----- January,
Opening ...... . ..... . ........ .. .
Hi,rhe st ...... .. . . ............ . . .
Lowest ................ ........ .
Closin g ...... .................. .
X
104¼
104%
104¼
104%
103¾
104
103¾
104
106¾
107:1(
103
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103
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107¼
109¼
107¼
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105¾
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105
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104¼
Highest . . .. . ....... ... .... . . . . .
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X
Lowest . . ... . ..... . . . . . .. . ..... . .
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lpening.•.. .. . ...... .......... .
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lowest . . . .... .. .... .... .... .. .. .
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https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
xlOS¾
109¾
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102¾
102¾
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111¾
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112
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128
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September.
105¼
105%
105¼
105½
1015%
106¼
105%
106¼
103¾
104
103¾
104
109
109¼
1087~
109
x106¾
107½
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106¾
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106¾
106%
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103¾
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109¼
110¾
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110¾
107¾
100
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106%
107¾
106¾
108;4
103¾
108¾
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109¼
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108
108½
107½
108½
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Highest .. . ........ . .... . ...... .. .
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Closing ...... . .. . ....... .. .. . . .
October,
May,
Opening .•. .. ..... ..... ... . .... . .
lll~hest .... ·. . . . . . . . .. . .. .. .... .
126
126
126
126
103¼
103¼
10~
103¼
April.
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103¾
103:J(
103¾
103¾
109%
110¼
109¾
110¼
AllllllSt,
105¼
105¾
105¼
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March.
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---
July ,
February,
Opening ........... . ..... .... .. .
H ighest ........... . . .. ..... .... .
Lowest . . .......... . .. . ..... ... .
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6s,cur_
181:18.
reg.
X
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109¾
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l0'7ie
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111%
112
110
112¼
109%
111%
100
130
129~
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UNITED
ST.A.TES SECJUBITIES.
43
1881.
Coupon Bonds.
6s, 1881. 5s, 1881. 4¼s,1891. 4s, 1007.
Coupon Bonds.
6s, currency,
1898, re,z.
renoy.
lt-~,rg.
6s, 1881. 5s, 1881. 4¼s, 1891. 4s, 1007.
- - - - - --- - - - -
January,
Opening ... . ............ . ... . ... x l 0l¼
Hl;lh est .... ..................
101¾
L owest .. .
........... .... .. 101¼
Closing ........... .. . . .... .... ..
101¾
---- --- - -- - - --- ---
July,
133
183
L33
133
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101¼
101%
101¼
101¾
112
112¾
112
112%
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112%
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101¾
101¾
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101
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111¾
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114
112%
112¾
102
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102
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101
102
100%
102
111¾
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114¾
1127A
114¾
181
181
131
131
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Open in g . ... .. .... . . . .. .. .... . ..
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108
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..
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Opening . . . ...... .. .. . ..... . . .. .
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Cl osin g .... . .. . ..... .. .. . ......
.Ma1·ch.
Open ing . ... . .. .
H ighest . . . .. .. ... . ........ .
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April,
······ ···· ··
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133
133
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100¾
101
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135
135
135
185
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101~
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102
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118¾
114¾
118¾
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184
184
184
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100¾
101½
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103¼
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June.
·•-· ····· ·
··· ··············
118¼
116¼
118¼
118¼
X
118¾
117¾
118
114%
114¾
102'7"
103
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September.
...... .....
October.
M ay.
611, cur-
N ovember.
D ecember.
X
X
114¾
111;"¼
117¼
115'(
116¾
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116
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118
118
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--
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1,___
--- -
Rejtister'd Bonds.
Coupon Bonds.
6s, cont'd 5s, cont'd 4¼11,1891. 4s, 1907. 611, eur'cy,
at3¼ .
1898.
atS½ .
Co u pon B onds.
Register ed Bonds.
5satc~fld 4½s, 1891. 4s, 1907. 6s, cur'cy. 18s, option
18V8
U.S.
January.
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.. ... ..
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100¾
101
100¾
101
-- -
- - ----- -
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181
181
L81
1st
102½
102¼
101'¼
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114%
114%
114¾
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118
....
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101
101
100¾
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118¼
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March.
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··•····
·
......
102
102
101¼
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....
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102
103¾
102
108¾
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118
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118
119¾
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121
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M a y,
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- -- -
J ul y.
100¾
101¼
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April.
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....
....
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- -
....
. ...
....
....
....
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....
June.
Openin g . .. .... .. ... xlOO
Highest ...... . ... .. .
100,¼;
100
Lowest .. .... .
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100¼
101¼
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114¼
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October.
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High est . . . ..........
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....
..
....
....
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astYl~'n
- - - - -- - - - ---- ---xl19
114
....
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115
120¾
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....
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180
129
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....
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114¾
114¾
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101
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113
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102
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108
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1883.
C'oupon B onds.
Re¢11tered BM11ttt.
Co upon B ond!!.
5s, cont'd 4,½s, 1891. 4s, 1007. Ss, option 6s,cur 'oy
:.898.
p.s.
at $¼.
R egistered Bonds.
g~fCY
5sat ~~•d 4¼s, 1891. 4s , 1907. Ss'J.P~~on 6s,
1
- - - -- - -----11---- ---- - - --- - --- - - - _ ___________ ,__
July .
Janua1•y.
Opening .. . ................ ..
Hi;lhest .. . ............... . .... .
L owest . ................ .
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X
102
104
102
104
113¼
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112¾
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181¼
131½
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118%
120
118¾
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108:l(
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113¾
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108
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112½
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113
113¾
113
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119¼
119%
119
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108¾
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118¾
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108
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114¾
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122¾
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June.
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Federal Reserve Bank of St. Louis
119¼
119¾
112¼
Novumber.
May.
~.::::.:::::::::::::::::::::::::I
118
113¼
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185
182~
185
October.
April.
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1~8%
103:l1:
108
103
S e ptem ber.
March.
Opening ......... .
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Lowest ..................... .. . .
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l '.2¼
xl18%
119¼
118¼
119
112¾
118
112¾
Augn l!!lt.
February,
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X
112%
113
112¾
119¾
120
103¼
104
119¾
112"1
120
103¼
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xll4
114¼
113¼
114¼
186½
x134
18"~
134
18'H
44-
UNIT.EIJ
S'l'.ATES- SEOURITIE S.
1884.
Coupon Bonds.
Coupon Bonds.
Registered Bonds.
Registered Bonds.
4½s, 1891 4s, 1907. 8s, option 6s, cur
U.S.
1898.
4½s, 1891. 4s, 1007. 3s'c¥.p~ion 6s,l~~fcy
-------------- ---- - -.-- ---- ----11----------------1---- ---- ---- ---January.
128;j4
124)4
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123¾
114¾
114¾
114¾
114¾
123¾
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123¾
123¾
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118¼
118%
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1~8%
124%
123¾
101
101
101
101
114'¼
114%
114¼
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February.
Opening .... ...................... . ........ .
Highest ... ... .. ....... ... . .... .... .
Lowest ....... ........ ... .. ..... .......... .
Closing ................. . ... ... ........... .
X
March.
April.
Opening •• ...... ... • .. .. ••.... . . .. .. . . ....
Highest .............• . .... ........... . ...
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Closing .. .••.. .. . ........ .. . .... ....••......
1187/4
1187/4
118
118¾
May .
124¾
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124
128¼
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July.
100¼
184¾
184¾
184¾
184¾
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101
101
101
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100%
100¼
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100
100¾
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112
112¾
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August.
.
September.
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111%
Highest .. . ........ ... ... . . .. ........•••....
112¾
Lowest ........... . ....... . . ............. . .
112¾
Closing. . ..... . ..................•........
October.
112¾
118¾
Opening ................................... .
Highest ............. .. ...... ....... . ... .
Lowest ................................... .
Closing ................................... .
a::101~
101~
100¾
100¾
X
112¾
Novembe1·.
118)4
118%
110
112¾
128¼'.
123¼
118½
120¾
100
100¾
100
100¾
Opening ....·... . . . . . . . . . . . . . . . . . . . . . . . .
Highest...... . . . ........... . .. . ........... . .
Lowest. .. . . ........ . .. ..... . ........... .. ...
Closing.................. . .. . ..... . . .....
118'¼
114½
118¼
114½
121¾
122¾
121½
122¾
x:111¾
Opening ................................. .
Highest ..... .... .. .. .. ....... .. ........... .
111¾
Lowest . .... ........ ....... . ..... ••.....• •..
110¾
Closing.... . ........ ·.. ... ....•• .. . .
110¾
120¾
120¾
100¾
100¾
100
100
Opening ......~~~~~.~~~•~ ..... . .. . . . .. x 113¾
Highest ... .. .. .. ....... ......... .. .... . ...
113¼
L owest................. . ... . .. .. . . .. . . .. .. .
112¾
Closing ....•.. '... ..... ............... .... ...
ll3)4
128¾
123¾
122)4
122%
Opening .. ....... .................... . ... .
Highest ....................... . . . . ..... . .
Lowest ..... ..... . ........ . .. ... .. .... . .
Closing ......... ............. ... .. ... .. .. .. .
June.
118½
119½
•t
101½
101½
101½
101½
IS8~.
Coupon Bonds~
Registered Bonds.
Coupon Bonds.
Registered Bonds.
4½s, 1891. 4s, 1907. 8s'IY.p~~On 6\~~rcy
---- ----- ---- ----11!------------------1---- ---- - - - - - -
January.
112¾
112%
112%
112¾
Opening ..••.• . .•... . ....... .
Highest ••••.••• . •..•.••••......•...........
Lowest •.• •.•..•• ...• ..•... . ....... ••.••....
Closing .....••.. . .. ... •.. . ..•.••. . •••••..
February.
Opening ........ •.. . ....... ... ••. ... ••. .....
Highest ................ . . . ......... . , . ... .
Lowest ... .. . . . . ............ . . . . ........... .
Closing .•. •.. .... .. •. ................... . . ..
March.
Opening ...... . .. . .. . ........... . ....... .
Highest ....... . ....... . ....... .... ... .. . .
Lowest ................. ..... . .. . ..... . .... .
Closing ........ . .......................... ..
X
April.
Opening • . . . . . . . . . . . . . . . . . . .......... , ... .
Highest ...•.......... . .... •.....•.•... ... .
Lowest ......... . ... ... ...... ...... . . .... . . .
Closing •..•....•.. . .... .• .......... ..........
May.
101½
101½
t01
101¼
Opening ... . .... .. . .. . ..... . ......... . ..... .
Highest ... ......... ... . . ................ . ,.
Lowest ..... ........ . ............ . .. . ... .
Closing .. ..• ..• ... . ..... . ...•...............
112¾
112%
112½
1127/4
121¼
122¾
121¾
122¾
102
102
101½
101¼
Opening .... ... ... . ........................ .
112¾
Highest ............ ... . . .......... ..... ... .
118¼
Lowest ...... ...... .......... ...... ....... ..
112¾
Closing .. .. ... . . .. .. .. ,
......... . ... ... . .118¼
112
112¼
112
112
1~¼
122%
122¼
122%
JOI½
101½
101
101½
Openi ng . . .... . ..... . . . .... . ........... .... .
Iligbest ... . . . . . ....................... . .... .
Lowest .... . .................. . . .. ...... .. .. .
Closing ... . ..... .. .... .. ........ ........... .
121½
122¼
121¾
122
xlOl
102¼
101
102¼
Ope'ling . . ..... . .... . ..... .. . . ..... . . . . . .. .
Highest . , . •. . . . .... ... . . . .. ....... . .......
Lowest ... . .... . . ........... .. .. .. .. . .. .
Closing. . . . . . . . . . . . . . . .
. .. . , •... '" : .... .
121¾
122¼
121 %
122¼
102%
103¼
102%
108¼
122¼
123½
122¼
HS½
103¼
104½
103¼
104½
112¾
112¾
112¾
112¾
.
X
E~~~:~: :: :::::::·.-: : : : : : : : : I
112¾
118¼
112¾
Closing ........... . ....... ................. 1 113¼
June.
Opening .......... . .. . .. . .. .. .. . ... . ... . .
IIighest . ........... . .. .... .. .. . ...... .. ... .
Lowest ... .. . . ....... .. .. ... .. .. .. ........ .
Closing .......... . ........... . . . . . . . .. .. ..
X
July.
121:!:!
122)'1i
121¼
121¾
X
112!4
112¾
112¼
112¾
122¾
122%
122¾
122¾
xl08¾
103%
108¼
103¼
122%
123¼
122%
122%
108
108¼
102%
108¼
122%
123½
122%
128½
103¼
104
103¼
1037/4
184
184
112½
113½
112½
118½
x122¾
124
122¾
124
x103½
104
103½
1031,ji
184
134
184
134
113½
113½
113½
113½
128%
123¼
128%
123¾
xl12¾
112%
112¾
112%
123¾
124¾
123%
124¾
112¾
112%
112½
112½
X
Ana"USt.
Aeptember.
X
October.
X
November.
186¼
137½
13614
187¾
Opening . .. . .... . .. . ... . .. . .. ... . .... . . ... .
Highest . . . . . . .. . ........ . . .. ..... .. . . . .. .
Lowest........ . . . . ... .
. . . . . . .. . .. ,. . . .
Closing... ... . . .. .
. ........... .... . . . ..
185
135
134½
134¾
O,iening. . .. . ...
. ... . ...... . ......... .. .
Highest . . ... . . ... .......... . . .. . . . .... . .. .
Lowest . . . . . . . . . . . . ..... . ............. . . .
Closing .. .... .. . .. .. •.. ...... . .. ... . .. ..
December.
I
112¼
112½
112¼
112½ ·
183)4
18S¾
188¼
183¾
184
184
104
104
102¾
102%
103¼
104½
103¼
108½
X}. 33
JSS
188
18S
l~S6.
Coupon Bonds.
Registered Bonds.
6
8
4_½_s_,~: _4s~•-1_9_~·- _s_•J_.pEon _s_,1_~~_J_'.c_y
January.
Opening ................... .
Highest . ... . .............. ... ... . ... . .. ..
Lowest ........................ ... . . .. ... . . .
Closing ................. . . .. ..... . . ..... .
112¾
112¾
112½
112%
February.
112%
114
112%
114
Opening ........ . ...... . .............. . .... .
Highest . .... .... ...... . ..... . ..... . ... .
Lowest ...... . . ................ . . . .... . ... .
Closing .. .. . ... . ......... .. ............... .
March.
Opening ......... . ............. . ........ .
Higr,est ................................. .
Lowest ... . .. ................ . ......... . .. . .
Closing ...... . ................. ..... ..... .. .
April.
Opening .. .... ... . ... ... . ......... ... . .
.Highest ... ......... .. .. .......... .. . . ... .
Lowest .... . . ... .. ........... ....... . .. ... .
Closing ...... .. ....... .. ... ... ..... .... . . .. .
X
X
123
124.
123
124
124¼
12i¾
124¼
127¾
X
June.
July,
185¼
135¼'
135¼
135¼
Opening ................... .. ............ .
Highest . . .............. . .. . ......... . . . . .
.r_cw est .. . .. . ......................... .
Closing ... .. .. i~~~·~~:
111¾
112¼
111¾
112¼
100¾
101
10@¾
101
136¼
136¼
186¼
136¼
Opening ... . . .. . ...... . ... ....... ...... . . .
H!ghest ..... .... .. .. ... . ....... .. . .. .. . . .
Lowest ......... . ...... . . . . .. . . .. . . . . . ... . 1
Closing... . ... . . ..... ..
.. ...... . .. . . .
111%
111%
111¼
Ill¼
126%
127
125½
126¼
100¾
100¾
100¾
100¼
1]0
112½
10911;
112½
126¼
128¾
126¼
128¾
100½
1003,6
100½
184
100½
138)4
129
129
12i¾
128¾
x:100¼
100¼
100
100
.. :..............
Aeptembe1·.
X
12\3
127
125¼
127
127½
125¾
126¼
JOO%
101½
100%
101½
112½
112½
112½
112½
xl2tl¼
126¾
125%
126¼
x100%
101¾
100%
101¾
112¾
126¼
126¼
101½
101½
100¾
1013,6
Opening ............ . .. . . ............. .. . .
Highest . .. .. ... . ...... . ....... ...... ..... ..
Lowest_.......... .. .. . .
. .. ...... . . . . .
Closing.. . ..... . . .
. .. . ............. .
lll¾
111¼
110¼
111½
128¾
1211¼
127
129
101~
1023,6
101%
101½
O ~e ning........
. ........ . .. .. .. ..... . xll0¾
Highest . . ............... . ................ .
110¾
Lowest. .. .. . .... . . . . ..... . .. . . .
11'}.(
Closing ... ...
.. .. .. .. . .... . .
110¾
129
129¾
128¼
128½
112¾
112¾
112¾
Opening ........... ... .. .................. .
x:111¾
Highest ............. . ..................... .
112¼
Lowest ..... .... ... .......... . . ............ .
111¾
112
Closi~...... ..... .......... : ..
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
i- - - - - - - - - - - - - - - - - -· 4_½_s_,_1_8_91_.,4_s_,_1_90_7_. 8s, ? t : 6\i~~'.cy
112%
112%
Ill¾
112½
1~7)4
125¾
126
126¼
127¾
126
127¼
1Registered Bonds.
102
102½
t0Q¾
100,~
May,
Opening . ...• . ..•....•....................
Highest ....•.•........ : .......... . ....... .
Lowest ••...•.•..••.••........... . ....•..
Closing .•... •.............•••••...........•.
Coupon Bonds.
Opening ........ .. ...... .. . .. .... ........ .
lligbest .... . .. . .. . ........... . ... . . . . . ... .
Lowest . .. .. ........ . ............ .... ... . .
Closing .... . . . .... ..... . ... ..... . . . ..... .
October.
Ope'llng .. . ............................. .
Highest ...... . ......................... .
Lowest ......... , . ....... . .. . . . ..... ..
Closing..... .. ... ..... .
. ... .. ....... . .
November.
December.
X
112¾
112½
111¾
111¾
X
X
100¾'
100¾
100¾
100¾
100¾
101
100¾
101
185
135
135
185
188}4
133
182!,g
182¼
182
182
· UlUTE.D
STATES SECURITIES.
1887.
Coupon Bonds.
Coupon Bonds.
Registered Bonds.
Registered Bonds.
---- ----- ---- ---- !•--------------January.
Opening ................... .
Highest .•••....•...•••.. . ..•..•.•••••.... .
Lowest •..... ...• .•.•...••..••.•....•.......
Closing ••••..... . .. . •.......••••• .-. •..••..
February.
Opening ....... .... ....................... . .
Highest ..••••......•.••.. . .....••..
Lowest •••....•..••.••.••.••.••••..........
Closing ••..•............ . . ..•••.•••.•... .. .
March.
Opening......... . ..................... .
Highest •...•.....•.•.......•..•....... .. .
Lowest•....•...............•...............
Closing ................................... . .
X
Ap1•il.
Opening ••...•...... . .•..... . . ... . .. ..
Highest ............ . ................... .
Lowest ................................ . .
Closing ................................ . . .. .
May.
Opening .. ......................... .. .... .
Ilighest ....•........... . .•..... . . ...•.. . .
Lowest ......... .... .... ... ...... .. ..... .
Closing .................................... .
June.
Opening .......... .. . .................... .
Highest .................. . ............... . .
Lowest .. ... .................... . . •......•..
Closing ........................ .... . ... . ... .
X
January.
Opening .. .... .... . . ....... .
Highest .... . ..................... ...... .
Lowest ...... ..... ...... . ..........•.......
Closing .••............. ..... ••• •.. . ...•. •.
128¼
12f%
127¼
127¼
132
132
18l
131
108¾
110¾
108
108
127
128¼
125¾
125¼
128
128
128
128
136¾
136¼
136½
136¼
Opening .................••............... :x:108¾
108¾
Highest ............•....... . •.............
108
Lowest . .. . ...................... ......... .
108¾
Closing ............... .. . . .... . . ... . ..... .
125¾
125¾
)24½
124½
137½
137½
137½
137½
Opening .. . ...... ... ............ .. ..... .
Highest..... . . ... .................... . .
Lowest ............................ ..
Closing................
. ............. .
137¼
137.½i
137¼
137¼
Opening ...
. . .... .........
Highest .... . ..... . .. .... . .. . .......... ... .
Lowest..... ...... .... . . . . . . ........ .
Closing... .. . . . .. ..
. .... ......... ... .
;x127½
128½
126¾
128½
182%
182¾
182½
1S2Xa
110¼
110)4
110
110
128¼
128¾
.123¾
128¼
134¾
lfl4¾
184¾
184¾
137¼
187¼
137¼
109
109¾
108%
109¼
1~8
129¾
128
129½
135
135
135
135
110
110¾
110
110¼
]28¾
129~
128¾
129¼
134%
1~4%
134%
184%
110¼
110%
110¼
1107/4
129
129¾
128¾
129¾
109l'l(
109¾
109¾
109½
129¾
129½
129
129¾
Coupon Bonds.
----- ----------
July.
110¼
110½
109¾
110¾
l37¼
August.
-Opening ...... . . ....................... . •.
H!~hest . . . ..... . ... .... . .. ......... ... .. .
Lowe1,t .. . . . ... .. .. ....... ... ............ .
Closing................
• .• : .••••..•.•.
~eptember.
October.
- ~~.:~~~~~~
December.
132¼
Registered Bonds.
cur'cy
4½s,1891. 4s, 1907, 6s, cur·cy 6s,1899.
1898.
---~ ----- ---- - - - -
July.
126~
126¾
125¾
125¼
Opening ....... . .... . . . ................ .. .
Highest .................. ... ............ .
Lowest ....... . .. ...... . .......•..........
Closing ...... .... . . .... .. •..............
Opening..... . .. . . ..................... . x106¾
Highest .. ...... ........ .... . . . ... .. . ..... .
106¾
Lowest ..... .. . ... , .......... ... ........... .
106¾
Closing •...... ...... ..............•.........
106¾
1~5½
125½
125¾
125¾
Opening •......... . .. ... . . . . . . . . ... .. .
Ilighest ................................ .
L owest .................•.............. ..
Closing ................................ .. . .. .
106½
107%
106½
107¼
.x 123¾
126¾
123¼
126½
107¾
108¼
1{)79(
108¼
126½
. 127¼
126½
127¼
Opening ... ....... ........................ . X 107
Highest ... . ..... .. . . ...... ... ....•.........
107¼
Lowest ......................... . . . . ... . ... .
107
Closing....... .... . .... ...... .... .. .. . . . ... .
107¼
127¾
128¼
127½
May.
Opening ... .. . ...... ... .................. .
Highest ... . ....... .. ... .. ..... ... . ....... .
Lowest ... ... ............. . ..... . .... ... .
Closing ................. . ................ .. .
June.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
128¼
x124½
126½
124½
126½
109
109
108¾
108¾
11?6¾
1211¾
126¾
126¾
107
108¾
107
108¼
125½
126¾
124½
126¾
A1 L 5
~
108
108
lOi½
107½
April.
10814
108¾
108¼
108¾
'
Aua-ust.
107!,.!
107¼
107¼
107¼
xl27¾'
127¾
127,¼'
127¾
107¾
1079(
107½
107¾
127%
128¾
127%
~eptember.
October.
127
127
127
127
128½
128,½
130
128½
..... \
130
xl29
129
126¾
127½
129½
129½
129½
129½
108½
109¾
108½
109¾
127¾
128½
127¼
180¾
180¾
180¾
180¼
Opening........
. ............. . ...... . xl08½
Highest ................. . . ............... .
108¾
Lowest .. . ........ . . . ..................... rt 108½
Closing ... ... .. .... ........... ...... .
108.½
128¼
128¾
128¼
128!,!
Novembe1•.
Opening .... ........................... .. .
Highest .. . ... . ........ . . ...... ... .. ... . .. .
Lowest ................ .. . . . ....... . ... .
Clo!!lng ... . ....... . .. .................. .
December.
1.
Registered Bonds.
108¾
108¾
108¾
108¾
Opening .. . .. .. .............. .. . ..... .. .
Highest ...... . ........... .. ............. .
Lowest ..................... . ...... .. .
Closing ... . .. ... .. .. . .................. .
127%
127%
127%
127%
127
127
127
127
1891 J 4s 1907 6s, cur'cy 6s, cur'cy
.
'
.
l b98.
1899.
Opening . . ... .... . ........ .. ............. . :x:106%
106¼
Highest .. . ............................... .
l:>6%
Lowest .. . . . .. ....... . .................... .
106¼
Closing ............... ........ ......... .
127
127
127
127
129
129
U9
129
·------------------ - - - - - - - - ---- - - Opening ............................... .. .
Highest . . ........ . . .... . . . . .......... ... .
.Lowest . . .. ... ........... .....•........
Closing........
. . .. .................. .
March.
X
Coupon Bonds.
126
126½
125~
125¾
February.
!
Opening....... .
. ....... ... . ... ... .. . .
Highest .. .. . . . ..... ..... . .. ... .. . ... . .. . .
Lowest .. .... . . .... . .. . ..... . .. . ......... .
Closing . ..... . . . . •.. . .................
xl82¼
132¼
18 !¾
107½
108½
107½
108¼
Opening ... . .................... .. ......... .
Highest ...... ..... ....... . .......... . ... .
Lowest .............................. . .•...
Closing ..... .................. ... ......... .
109¼
109¼
108¼
109
Opening ••..•...••..••.•••••..............
Highest ..•......... ••• •. ...• .......•...•.
Lowest. . ... .............. . ............ .
Closing ....... . . . ...................... .
128½
•
STATE
SECURITIE S.
PRICES FROM 1860 'IO 1888, INCLUSIVE.
The debts of orthern States were created in large part for war purposes, between 1861 and 1866, and many
of them have since been greatly reduced or entirely extinguished.
The debts of the Southern States remained
substantially the same at the close of the war as at the beginning, but amid the unfortunate and
disorganized condition of affairs attending reconstruction bonds were issued and indorsements were made for
railroads, in some cases with reckless extravagance. One " scaling " process after another has been adopted in
several States, and in others bonds have been repudiated altogether, so that the prices of State securities of this
sort have sometimes fallen to merely nominal :figures.
The Eleventh Amendment to the Constitution of the United States provides that the judicial power of the
United States shall not "extend to any suit in law or equity commenced or prosecuted against one of the United
States by citizens of another State, or by citizens or subjects of any foreign 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, but the United States Supreme Court has looked with
disfavor upon such suits and has been disposed to uphold the Eleventh Amendment. An effort was made to hold
the State of Louisiana responsible by having the action brought in the name of the State of ew Hampshire as
plaintiff, the bonds having been assigned to that State for the purpose, but the United States Supreme Court
decided against this proceeding.
The method adopted to give bondholders a remedy against repudiation by States, through making the coupons
eceivable for taxes, was held in Virginia to form a contract with the bondholders which could not afterward be
annulled by act of the Legislature. But the practical benefit of this contract for bondholders was much lessened
by the subsequent legislation in the State, prescribing vexatious proceedings for the bondholders to go through
with before they could make their coupons available, and the litigation has been severe and prolonged, the suits
on this question having been thrice carried to the United States Supreme Court, and although the validity of the
coupons as a legal tender for taxes was affirmed, the last decision, made in 1887, was practically a victory for the
State and a defeat of the bondholders.
An important suit against the State officials of North Carolina, brought by Messrs. Morton, Bliss & Co., in
favor of the holders of special tax bonds to compel the levying of a tax to pay interest on those bonds was decided
in favor of the holders of the bonds by Judge Bond, of the U. S. Circuit Court; the case has been argued in
the U. S. Supreme Court on appeal, and is now (Jan., 1889) aw.a iting decision.
1S60
to
1 S ?'1,
inclusive.
Prices from 1860 to 1871 are compiled from sales, and since 1 871 from prices bid on Friday
18ti0.
DESCRIPTION.
Lowest.
QbiO 6!1, 1886 . .. . .. ...
Kent.ncky 6 . . . . . . . . .
111., Int. [mp. Stck. '47
" "
" 1.nt erest.
Ill. 6s, '79, cou . .. . ....
lll.WarL011n . ... .....
Indiana 5 per cent . . .
Michigan 6 per cent. . .
TennePsee6p ercent.
1'en. 6 p. c. new bds.. .
Virg!ma6percent.. ..
Va. 6 p. c. new bds. ...
N.Carollna6p.c.
N. C. 6 p. c., n.ewhds
!Ofi,½ ,Tan.
18til.
Hig,h est. , L0west.
113,¼ Aug.
106;\ i Jun'l
106,¼ Oct.
100,¼ July.
106,¼ Sept.
.. . .. . ... .
93 Aug.
106 Jun e
93 June
. ..... ..
95 Mch .
.... . . ....
100 Sept .
. .. .. . . .
186t.
of
each week at the N. Y. Stock Exchange.
1863.
1864.
lfst-5.
·~--·- --- 1•- -----...,Highest.
Lowest.
Highest.
- · - - - ~ - - - - -· - - - - -----1----1-----l----Highest.
Lowest.
HigLest.
Low est.
Highest.
Lowest.
87 Dec. 109 Feb.
65 April 97 Jan .
. ... , • .
. . .. . . . . ..
. . . . .. . . . . . ... .. . . ... .
75 June 8574 Sept.
. .. .. ... . .. . .. . .. ...
75 July. 93 April
77 Dec . 83¼ Oct.
34,¾' June 77 Mar.
. ..... .. ..... , . .. .. ..
36 April 81 Mar.
. . . .. . . .. .. . . . . . . . . . ..
44 Juue 82½Feb.
. .. ... . .. . . . . ... . . . .
93 Jan. 115 Nov. . ... ... ... .. .. . . . ..... .. .... . . . ...... ... . . ... .. . . .... . ........ ..
70,¼ Jun. 100 Dec. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . .. . . . . . . . . . . . . . . . . . .. . . . ... .
.. . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . • •. . . . . . . . . . . . . .. .
. .. .... . ..•..•. . .• .
. . . . . . . .. .. ... . . .. .. ... . ........... . ....... . ...... . .......... . . . . . .... . .. . ....... . .. .
80;!,4' Jan . 110 Dec. .. . . .. .. . .... .. . . . ............. . .. ... . . .. . . . . . ... .
';7 Jan . 105,¼Dec . . ....... .. ... .. . . . . . . ... . . . . . .... . .. . ..... .. . . ........... .. ..
75 F eb . 84 May ... .. ... . ... ... . . .. . . . . . . . . .. ... . . .. ...... .. .. .. .. .. . . ........... .
77,¾ Jan . 105 Dec .
42 Jan . 63 Feb . 'i57 ..jiiii.·: .fi7,¾.May: ·s2··J~ij: .&i' ..Feb ·
··Ma~: 92
.. .. .. . . .. .. . ..... ... .
49 Jan. 65,¼0ct. '49 ··:i>"ec · "is···Feb.' ·47 .. "jaii·. . 64 "sep·t: '50' ••jii,;:;_--73'••Nov.'
.. . . . . . .. . . . . . . . . . . . . . . . .. . . .• . . . . .
..
·
fiO Jan. 74 ii.me 53 Dec : so· ·Mar.' .49· jiii:i .' 63 .. Aug: ·5s· ··jan·.--s6' . .
... . .. . . . . . . . . . . . . . . .. . .
. . .. .. .. . ... . ... •• . ... . . .. . .... . • .... . . . .. . ...........•
1
'i;i '''ri~'c". &1¼·J~1~e ·as···~iay: 172".jii.ii: ·40 .. 'jiiii"." 56,i.{Feb." .59,¾ .DE;e: ·115 ..May·. 6o···oc:"t: .75}4' .Ap~i·l 51 ··Ma~-- ·7g···iiec:
Lo~1srn1~a 6 per cent.. 94 Jan. !l9,¼ Oct. 45 ~lay. 77.¼ Mar. 59 Jan . 70 Mar. 55 Nov. 80 Mar. 52 Feb. 7u April 60 Feb. 80 Dec.
Cahfornrn7percent . . 82 Jan. 95 Sept. 71 .½ May 88 J im . 76,¾Jan . 116,¼Dec. 114 Aug. e9,¼'M:ir 123 Jim. 167 Aug . 112 May.155 Jan.
1 66.
18ti7.
1868.
1869.
1870.
18?1.
DESCRIPTION.
- - - - - ~ ---Loweet.
Higheet.
Loweet. Highest.
Lowest. Highest.
Lowest.
Highest.
Lowest.
Higheet. L o ~ ~ t : - - ~
1---1 - - - - 1 - - -- 1- - - - -Tenn. 6 per cent
. . 84 Mar. 100 June x61 Jan. 70¼ July. x5!l¼ Jan. 78,¼ Juue x49¾' Dec. ~O Jan. x52,¼ J an. 70 Jul y. 61 Dec. 76 Aug
Tenn. do. uew bd~.. . . . . . . . . . . . . . .
. . . .. .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40,¼ Der. 69½ Jan. 45.V. Mar. 68¼ July. 61 Jan. 76¾ Aug
Virginia 6 per cent.. .. 60 Nov. 72 Ja11. 41 Mar. 60 Jan. x43,¼ Jan. 60 May . -x47 Dec. 59¾ Jan . x48,½ Jan. 76 Mar. 59 Oct. 74 A1)11
Va.do.n ewbds . . .. ...... .... .. .. . . .... . . .......... . ... .. . ..... .. ....... .. ... : ....... 49 Se1-t. 63,¾Jan. 57 Jan. 73 Mar. 60,¼Feb. 75 m"
N. Carolina 6 per ceut. 73 Nov. es Jan. 45 M11r. 60,¼ July. x50 Jan. 79 June x40¼ Dec. 66¾ Jan. x40 Jan. 55 July. 31 Dec. 51¼ F~
N. C. do. new .bds... . . . . . . . . . . . .. . . . .
. .•.•••• .......... . .. . ·r ........ . . . . .. . . . . . 21 Nov. 64 Jan. 20,¼ Dec. 36,¼ July. 15¾ Dec. 29¼ ~)).
N._ C. do_. Special Tax. . . . . . . . . . . . . . . . . . • . . . . . . . . . . . . . . . . .. . ..... . . . .... . . . •..••....•.....•. . . . . . .... •.. ... . .......... . ....• . • · · · 12,¼ Dec. 21½ Fen
M1s~O)lrl 6 jer cent... 71 Mar. 93¼ Dec. 86;.{ Mar. 106 Jnly. 84 Nov. 108 Feb. 85,.. Sept. 96.¼ June 85 Jan. 95 June 89 Jan. 9!l¼ Ju.~
Lo~1s1an_a per cent.. 8~.-, Jan. 100 Sept. 80 Feb. 9() Jan. . . . . .. . .. • . • . . • . . . . . . . . . . • • . . . . . . •• • . • • . • • • . • • • . • . . . . •• • . •• . .. . . .... . . .•.•
Cahforma7percent.• 10ti April 120 Oct. 115 Jan. 12S Dec. 128 Dec. 134 Mar•.••.. : •.. . .. •• •••••••••••••.•••. ..•••••.•••••• . •...•..••.• ~ ••.
CoTinecticut 6s. . . . . . • . . . •. . •. . • . ••• • . . . . 98,¼ Jan: 102 Sept. .•...•••....•••• -- . •• • ••• • • ... • •• ••• • . •. •• • . . . . . ••• . . . . •• • . •. . . ••. •. • . ••• •
.. •.
~ bode Island 6s .. .. •. . ..•.••.. : • . . ....•. 99 .April 100 Mar. . . . . .. . .... .•... .•. .. . . • . ... . . . . ...... ~
-· ·:..:..;, · . .. . . . . . . . •••. . . . .... _..••.• .
:ii!~~;~ilp:; ~~Jt~~.
99
Dec.
Feb.
100 Mch .
104,¼ May.
. ... . . . . ...
86 ,Tan.
93 Mch .
64 Dec.
... . .. .
73 Dec.
.. .. . .. .. .
77,¼Dec.
. .. . . . . . .
l(J{)
0
w
i>~c:
0
0
0
·":t,ec."
0
- - - -·- - --------
---
....
. ...-.
-- --· ..
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
-
STATE
SEOUlUT[ES.
1812 to 18?'7', inclusive.
1872.
I i:,owest.
DESCRIPTION
A labama-5s, 1886 .. . ........
8s of 1888 .... ... ........... .
Arkansas-6s, fund ..........
7s, L. Rock & Ft. Smith ...
California-7s ................
Connecticut-6s ..............
-G-eorgia- 6s ..... . ...... .......
7s, new .. . .............. . ....
illinois-6s, 1879, coupon ....
Kentucky-6s .. . .............
L ouisiana-6s, Levee . .. . ....
7s, consol. .................. .
Michigan-6s, 1883 ...........
Missouri-6s, long ..... . .... . .
New York-6s, bounty. cou r
No. Carolina-6s , old, J. &J.
6s, new, J. & J .... .. ..... . ..
6s, special tax ....... ..... . .
Ohio-6s, 1886 ......... .. .....
Rhode Island- 6s .... . .......
South Carolina-6s ... ....... .
6s,J.&J .... . . . ... .... ......
6s , A. &O ..... .. . . . ... ......
Tennessee-6s, old ....... . ..
6s, new . ........ . ............
Virginia-Os, old .............
6s, consol. .................. .
55
80
40
50
109
98
70
84
1874.
Mar.
Aug.
Nov.
Aug.
Sept.
Jan.
Jan.
Fob.
Oct.
·g1·%eepi:
l05¾0ct.
30),aMay.
15 Jan.
IO Oct .
· fu · ·iari:
40 Apr.
23 Sept.
22 Jan.
03¾ J aa .
63% .Tan .
42 July.
50½July.
Lowest.
·--
Highest.
Lowest.
---- ----
Highest.
Lowest.
Highest.
25 Jan.
40 Apr.
8 Sept.
5 Aug.
110 Jan.
97 Jan .
65 Jan.
82 Jan.
95 Jan.
97½ July.
15 June
97½.iliiie 85 Oct..
109 May. 103 Nov.
38¼'.Mar. 20 Oct.
23 Mar. 14 Dec.
16 Mar .
5 Nov.
99 Nov
ioi½iiii-i"e 98 May
56 July . 22 Nov.
39 Mar. 8 Nov.
36 Apr. 19 Mar.
80½ Dec. 63½ Nov.
80¾Dec. 62!4 Nov.
56J,sFeb. 32 Oct.
50 Mar . 44 lOct.
92½ Aug. 98¾Dec. 94¾Ja n .
103½ Ja n. 110 l\I:ly. l On)i Jan.
18 June 20 Jan. 15 De(\.
10 Au ~. 2l½Mar.
7 nee.
5 Sept. ll ¼i Feb.
l Aug.
100 Jan . 106½ l\Jay. 103 Jan.
97 Jan . 105 D ec. 102 Jan.
20 Apr. 30 Nov . 26 Sept.
O½ Jan.
31 Dec. 27 Aug.
12 Feb.
30 Dec. 26 Sept.
67 Oct.
91,½Mar. 62 Web .
67 Oct.
91½ Mar. 62 Feb.
28 ,June 42 Jan. 30 Feb.
49½ Jan.
58 Dec. 55 Jan.
39 Dec.
45 July.
35 Mar.
23 Jan.
114 Nov.
106 Dec.
80 Dec.
92 Dec.
102.½ Jun e
102 Nov.
28 Nov.
25
25
20
8
105
D Pc .
Dec.
Jan.
Mar.
Jan.
103 Jan.
80 Jan.
88½ Jar;.
f/9 Jan.
100 .Tan .
25 Jan.
·s5···Na~: .98 .. i.:ra:;: ·M. ·:ia;.;.· io:i: · ·:oe·c: ioi· .. Jriu·:
96¾ June
108 June
!IB½ Jan.
IO Jan .
17½ June
107 Apr.
lOL M c1r.
40 Jan.
22¼Jan.
28 Apr.
84¾Ma.r.
85 Mar.
47 Feb.
56¾Mar.
L owe~t.
- - - ---- ---- - - - - - - - - -
45 July 57 Jan .
45 Aug. 82 Feb.
25 June 40 Feb.
15 Nov. 27 July
101 Dec. 116 Jun e
97 Oct. 102¾ Juoe
59 Nov . 82 May
71) Nov. 91 May
85 Nov . 99 July
ioi" · ·iu1y. 95 Jan. 100 Aug.
67½ Apr. 50 Jan. 55 .Aug.
62½ May.
PO Jan.
57½June
60 l!~eb.
115 June
1021,,;; Dec.
77 Jan.
90 May.
1877.
I
!'!ighest.
Lowest.
------
I
18i6.
1875.
I
Highest.
·g5·· ·iaa·.·
50
1873.
Highest.
----
41½Jan. 26 Jan . 35 Nov. 32 Jan. 43 Nov .
4~ Apr. 26 ,Jan. 34 Apr. 32 Jan. 43 Nov.
38 Dec. 25 June 45½ Feb . 15 July 30 Jan .
17 ,lune 3 Dec. 18 l•'eb.
2 Aug. 10 Jan.
117 May
ioo· ·oci: · iii· · i~i;c
110 D ec. io5··iaa·. iis · ·
96 Sept. 91 Aug. !J7 Mar. 93 l<'eb. 1(12½July
104 D ec. 100% Jan. 107½ June 103 Jan. lOIJ~Ma r .
104 Dec. 100 July. 104 Dec. 100 Jan. 103 .a Dec.
104 JJec. 100 July. 104¾ J an . 100 Jan. 107 Nov.
40 D ec . 37 D ec. 46 l\lny. 35 Jan. 56 Dec.
52½ Dec. 69½ June 50 Jan. 88½1\fay
io1i4 oci". 103 Au g. 107 Apr. 10 1 July 10'7 . June
102}4 Jun e 101¾ Jan.
Sept. 104¼ Jan. 108~Juno
109 Jun e 102 July 10- May. 101 J a n. :oP Feb.
27 Jan. 13 Sept. 18½ Nov. 15 Oct. 23 Jan.
16 Jan .
5 Oct.
9 Jan.
6 Oct . 12 Feb.
1 Aug. 3½Jan.
4¾May
¾ Aug . 3¼Feh .
105 Jan. 114 Au g . :05 Oct. 114.½ June
105 Jan . 111 Dec. ·05 Oct. 111 May
35½Dec. 30 June 40 Nov 32 J a n. 45 Apr.
35 July 30 June 37¼ Feb. 30 Aug. 45 Apr.
35½ Dec. 30 June 37½Feb. 30 Aug. -t.4 Apr.
78 Jan. 40½! Dec. 49 Aug· 86),,e Dec. 4~Nov.
77¾ Jan. 40 Dec. 4ll Aug. 35 Dec. 4
Nov.
40¼ Oct. 22 Sept. 87 Jan. 30 Jan. 34 Nov.
76 Dec. 73 May. 78½ Nov. 62¼ Dec. 88¼J1:1e
Nciv:
10ffl
l3~¼ ~~f~·
18't8 to 1883, Inclusive.
1878.
1879.
18S0.
DESCRIPTION.
1881.
I
1882.
1883.
- - - - - - - - 1 - - - - - - - ~ 1·- - - - - - -- - - -- - - - - -- -
___________ 1__L_n_.w__e_s_t_
. Ilighest.
Lowest.
Alabama-Class A, S-5s.l!J06 . . .. .............. .. ... .
.Arlrnnsas6s,fund, .18911-1900 15 Dec. 26,½Jan.
C 7s, varfous RR. issu1 . . .. 2 Dec.
6 Jan.
onnect1cut tis..... . .. 8 8 8-4 105 Jan. 109 Apr.
Georgia 6s ............... 1886 96~ 14'eb. 102¾ July
7s, new . . .... .. .. . ...... 1886 104¼ Jan. 110 Dec.
7s, gold ........... .... . 1890 105¼ Feb. 109 Dec.
Louisiana 7s, consol. . . 1914 69¾ Dec. 84½ Feb.
MJ~~.i~.~~.~~::::::: ::·:::·½~g3
ifany. i0156 D
0 cl;ltC..
Mlssourltls . . . .. ... .. . 1882-83101 July 104ll1Dec.
6 ~· . .. . ... •. . • ••. •• • . 188IH:IO 102¼ Aui.. 107 ~ June
~undlnibonds ..... 1894-95 104 Sept 109 June
fgJ
M;: t~g¼:f~~:
Highest.
L owest.
Highest.
~if.~:~
Highest.
44
5
1
104
99
107
107
A u g. 53 Dec. 54¾ Jan. 73½ Dec. 71 M&r.
Apr . 20 Jan. 10 Apr. 21 Dec. 20 Jan.
Mar.
8¼ May
2 Aug . 12½; Dec.
8 Apr.
Apr. 109 June 104 Aug. 107½ Nov. 102 Aug.
Sept. 1027/4 July 97 Apr. 107 Dec. lOtl Feb .
Jan. 114 Dec. 107 J an . 112 Dec. 109 Apr.
Jan. 113 June 109 Apr. 116 Dec. 111 Apr.
36¼ A ug. 67½ Jan. 40 Aug. 54¼ Dec. 53¾ Jan.
0 l ½ JJaunly· to 6¼JJuanne 102 JJaann. l05J4Nov. 102 J an .
1I00
115
11
101 Aug.105' ' Jun.e1000 Jan.· 118 Dec.114 Jan.
"'
105 Nov. 102 July
103¼ Aug. 108½ ,J un e 105½ Jan. 111¼ nee. 108¼ Jan.
105 Jan. 112 May 106 Jan. 115 Nov . Ill Jan.
j~~e ½~V' :f~~~ rn~ :f:~:
N!1:1vo~k!3.~.~~~~~ :: :J~g~g
rn~
6s, loan.• • • • •·· •··· .. .. 1883 •· •· • •· · · .. .
. . .. .. . . 108 Mar. 110 June 104 Dec.
1
1~ ,L~oevc.· 1glLsFeepbt.. 12821 D
N~~·J~~~i iia6s,·oict.":iss~~~
j~fy·
F eebc .. ll56 DJaenc..
N C
/4
711
72
c
8
1
. do.RR7:coup·oni
~g ,~~·.
~ :f:~: 1
~8 :f:~:
Fundmg 11.ct . ....... 18118-98 ti Aug. ll¾ Dec.
7 Mar. 14 Jan.
ll!,,a J an .
Newbonds .. .... . ... 1892-98 7 Jan. 11 Dec.
8 Feb. 15½Dec. 15 J an.
~pecl~lt x,classl. .. . i" .. .
2 Jan.
2½Apr. 1 Mar. 5 Dec.
2 Jul y
_onso. s .• . .••• • • •·· ·· 910 • • •· •·· ... .. ... . ... . .. • •·· · .. . .. . . . ...... .. flO . 1 nly
0 h10 6s . ... •··· •. • ... . .. 1881 102 Dec. 106 May 101 Jan. 105 May 100 June
6 s ......•..•.....•• . . . . . •1~6 105 Jan. 111 Dec. 105:J,( Mar. 115 Oct. 106 Jan.
::oi!~o1?~aca~.paci::1M~~9{9 105 Jan. i117½ May 110 Jan. 116 May lOP Jan.
1 Feb.
23, '69, non-fund.1888 . .. I
¾ Feb.
2½ May
4 Oct.
2 J an.
Brown consol. 6s ..... . 1893 . . . ... .... . .... ... . ..... ............. .. .. . .... ·· ··· ··· · ·
Tennessee 6s, old . .. 1890-2-8 SO Nov. 39¾ May 30 Feb. 41 Feb. 30 Apr.
6s, new .... • .... 1892 8-HIOO 25¼ Nov. 87½ Jan. 24 Mar. 33¼ Oct. 25 June
Vlrginia6s,old ........ ...... 20 June 31 Feb. 25 · Jan. 35 Mar .118 Jan.
·.·.·.I 66 Feb. 75 May 74 Jan. 86 Oct. 75 Jan .
4 Feb.
7¾Dec. ·5i4Sept. 8¼May
5½Jan.
m1
Lowest.
t~ B!~:
ii B!~:
4
g: ~~~!~!eii::::::::::.·:..
m B~f- ½8l
i:g:
107 Mar. t02 Dec.
120 Nov . 115 Jan.
32)4 Dec. 32 Feb .
1~g
J a n.
l:.¼ Dec. 10 ban.
20 Dec. 20
B½ J an.
6 Jan:
83¾ Dec. 80 Oct
103½ Oct. 100)4 Jan·.
112 June 107 Dec
121 Dec. 114 - July
6¾ Jan.
4),,,. Jan.
.. . . . 102½ Aug.
50 Dec. 45 Jan.
48% Dec. 45 Jan.
32 Dec. 30 .Jan .
105 Dec. 104 Jan.
177.{Dec. 12½Feb.
~!~: 1ig
D!~·
Lowest.
Highest.
L owest.
Highest.
8 1¼ Dec. 79 Sept. 85½ Dec. 80 ,July 84 Jan .
30 D,·c. 20 Mar. 37,½Ja n. 10 Mar. 28 Jan.
40 Nov ,
5 June 35 Aug. 7 Oct.. 6S Feb.
106 July 100 Mar. 103 Jan. JOO Jan . 103 June
113 June 103 Aug . 109 Jan. 102 Apr. 107½ .Jan.
114 .June 105 Aug. 110¼ A pr. 103½ July 107 May
119½ June ll2½ Aug. 117½ Mar 112 Aug . 116½ June
69 Dec. 63 Apr. 71½ July 6~ Apr. 75½ Nov.
105 Sept.100 July 104 Aug . ..... .. .
122 Oct. 110 Jan . 120 June l l-1 Feb:1i8 ..
108 July 100 Jan. 103 Dec. 100 Jan. 103 Jan .
117 Apr. 109 Jan. 115 June 109 July 113 June
119 May 113 July 120 Nov. 116 Feb. 121 June
J.ari:
m½ ~:~ mi
llO Apr.
122 .luly
!0 Oct.
1~8 tu~.
16 illy
28
IJ\l,(Apr:
89 .l une
102½ June
115 June
120 Feb.
12¾ N ov.
106½ D ec.
78 .Tune
77% June
40 May
121 May
20J4Apr.
A~;·
.Piie rn~ :f:~: B8½
b~t
}~~½
!Ppr
June 105 June. .. .... . ... .
·
June 121 Feb. 118 Apr. 120 ··Jaii:
20 July 30½ Nov 28 .Jan. 32 Mar .
120 July 156 Nov. 155 Jan. 160 July
10g 1u1y 130 Aug . 130 .Jan. 135 July
12¼Jun e Jc} gan.
:fan . 1~ Apr.
5 J~~: 8 J!~:
~ J~t~
75 Sept. 82 Jan. 77½ Feb. 82½ Dec·.
. . . .. . . .
. . .. . . .
...
106 Feb. 112 June 106 Feb. ioi:i½'Mai-:
110 Jan. 120 Feb. 115 Jan. 118 May
4 July 10¼ ,Ta n.
2½ l\fay
6½Jan.
100 June 105 Dec. 100 .July 1u4¾ Dec.
41 nee. 77¾ Jan . 80 July 44½Feb.
40 Dec. 77)4 Jan . so July 44 F ~b.
26½June 36 Feb. 30 Ma. 40 May
80 Mar. 100 July 50 Mar. 82½Jan .
10 June 17¾Jan.
6 l'ct. 13 Jan.
101
110
i~
1g¾fif~·
ISS4.
SECURITI-:l:S.
_ _ _ _ __ _ _ _ _ _
J .ANUARY FEBR'RY. MARCH.
APRIL.
MA.Y.
J UNE.
JULY.
AUGUST. ISEPT'BER. OCTOBER. , NOV'BER. DEC'BER.
Low.Higb Low.High Low.High Low. High L ow. High L ow.High L ow.High L ow.High Low.High Low. High /Low.High I,()w .Hlgb
1
Alabama-Cl. A, 8 to 5, 1906. 50 - 80
Class A, small . .. . ......... 8 1 - 8 1
Class H, 5s , 1906 . . .. ..
97½- 98
4
:1gi
f ~58°~::::·::: ::.
9
).;!~f~~~.:Wds: ls~i:/ ~~
= J5
7s, Memp ll is&LlttleRock l H - 20
7s,L. R. P. B. & N . 0 . . . . . . 16 - 18
7s, Miss. O. & R. R. . ...... 16 - 18
7s, Ark. Central RR....... . 8½- 9
Georgia-Os, 1886 .. . .. .. .. . .. 1()3 -103
7s,newbonds, 1886 .. ...... 1!}2½- 103½
7s, endorsed, 1886 . .. . ...... 102 - 103¼
7s, gold bonds, 1890 . . . . . 110 -111½
8
4
01
• :: :.~: ·
L~~.i::~tib1
=
1i~
½i
~;~15-~6.
80 - 80% 81,¼- 82
80 - 8 1
81 - 81
98½-100 100¼-101
1gL1gg½ 1gg =1g~¼ 1gi½: 1g~
M
=~~½
20 - 25
19 - 24
18 - 2-!l}.{
8 - 9¼
xl00-102½
104 -105
104 - 105
lll½- 112½
riJ~~~
i8 ~8 +i
~~~if~~:::::::
1~8½=1~~ l~~
1
Mrci::~~is~
MJ~B~~~~~:~~.~.
.~~::: ::.18!
6s, 1888.. . .. .. ... ... .. . ... . 105
=rn*
-108
6s, 1889-1890 . . . . ....... , .... 106 - lll
.Asylum or Univ., 1892 ..... 109 -111
9
l~~!Wli1tsi.s.r~~.
Hannibal & St. Jo., 1887 . .. 110 -110
rn~
107
109
11
= +~
=1~~½
=rn~
-108
-110
-:ill
t~L NZ =HZ 1
1tZ
:HZ
110 -110
N;:.
~~~k~so8i~'yi3~f.'.'. '.~~ mi
6s, Toan, 1891 . .......•..... . 113
=rni~rng
-114 '113
6s, loan, 1892 .......... · 115 - 116 115
6s, loan, 1893 .. ...•. . ... .. .. 117 -117 117
No. Carolina-6s, old, '86-'98 29 - 29
29
~.. 8~~:tu~P88:j:4~rc:::.
1ro =1~8
N. Car. RR., 7s, coupon off 185 .-f3.5
N. Car. RR., A . & 0 . . .. . . 160 -160
N. Car. RR., 7s, coupon off 135 -135
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
81¾- 82
80 - 82
dl - 81
81 - 8 1
102 -10 ~½ 102 - 102
1i8
135
160
185
=½88
-113
-115
-118
- eo
=1i8
-135
-160
-135
~~
74
1g~¾=1~i¼
82¼- 82¾ ·78¾- 79
... . - . . .. 71:1 - 80
. . . . - .... 98 - 1:19
~.~½= ~~~ 168 : 1J9½ 16g =1ZS
Jg 15rn -= fg¼
s = ½~½.. :.½=~~.. +½= i½
16
9 - l ~½ . ... - .... 7 - 9
=
18 - 20
18 - 20
18 - 18
9 - 9
Hl3 - 103
105 - 105½
105 - 105½
114¼;-115
+3½= +i~
12 - 15
12 - 13
5 - 6
103 -104
105½-106
105½-106
us -113½
~~ = +J -
8
8
4
100
100
100
112
- 12½
- 12½
- 5
-104
- 106½
-106½
-113
ig½:
....
....
....
. . ..
. . ..
..
. . ..
-
. .. .
....
....
....
..
... .
.. ..
6
l~g =1~J
=rn~½
108 -109
no -111
112 -112
i~½=rn~
=rn~~ ,rn8
108 -109½ 106 -109¼ J.08
110 -111 108 -111 11v
112 - 114 109 -115 112
l~g :11J
mi
ii.o -110 . ..
J8g½
-108½
-110
- lH
m:m¼ n~ =½rn>dA~ =m>dAg =½Ai
110 -110½ 110 -110½ 108 -110¼ 108 -109
13g
113
{g~
½8~ -J&g
½88
113 112
=½88
-114
115 -115
117 -118
30 - 30
112
115
117
30
=½8~
-113
-115
- ll9
- 32¼
1~8-=1~8
i35 - 185
160 - i!lO
185 - 135
1g8
135
160
185
=1~A½
=lg~¼!
-135 185 - 135
-160 160 - 160
-135 135 - 135
112
115
117
30
lgg
16g =16~
~
=½8~
- 112
- 115 115 -115
- 120 117 -117
- 32½ 27½- 30
1.~Z½: 1gg
135 - 185
160 -160
135 -135
168
16
10
=1Z~
1
16~ =1Zi½ 1~l : 1g~
=1~
= lg
5
5
5
S
98
102
10~
10~
=ig
ig = +3
1r~ =1r6
1rZ· =1~
1r8 =1~8
11i =1~
1~6
188
103 - 105½
105 - 108
107 - 112
1')6½-108½ 108 -108
107 - 108 108 -109
108 -109
109 - 112
=rn~t
- 1077- L07½-107¼
108 -109 109 -110
109 - 110 l 10 - 110
7
7
1
101
102
102
109
- 9
- 9
- 2½
- 102
-102½
-102½
- 109½
= ~¼
- I}
- 9¼
- 7½
- 3
-100
-102
-102
-110
79 - 71'.J¼ 79 - 81
81½- 88
78 - 79 I 78 - 80
80 - 81
93 - 99 I 98 - 99½ ,100 -101½
I~½= 2~
12½- 13
12½- 20
12½- 20
5 - 8
100 -100
102 -102 .
102 -102
109 -109½
+i 6.~¼= ~~ gi =ii r1 = gi¾ g~
sg =11i
rnJ
78¼- 79¼ 78 - 79
73 - 71J
78 - 7i:i
98 - 99
98 - oo
1~
- 15
10
10 - 12
10
10 - 12
10
4 - 5
3
99 •· ~9½ 100
102 - 10·~½ 103
101! -102 103
107 -107 108
- 10
- 10
- 10
- 4
- 100
-104
-104
-110
Ji =+t½+t½= +&
=1~6 1n =11*
=mg½ 106
rn~½=rn~ ,rn~½J8~~ rn~½=rn~~ rn~
-107¾ 106 - 106½ 106½-107½ 107
~8~½=12i½
½M =lA~ 108
}Ag :½Ag
½~ =½A~ ½A~ =½Ag ½Jg
-109 108 - 108 108 -108 108
18+ =½88 18~ :}38 }gg =i8+ }8i :}gg }&g
111 - 113 113 -113 112 -115 111 -112 111
=½½8
115 - 115
117 - 111
28 - 29
115 - 115
Ll7 -117
29 - 29
115 -115
117 -117
29 - 29
1~
135
160
135
1ro
135
160
135
1ig
135
lt!O
135
=1~8
-135
-160
-135
=1~5
-135
-160
- 135
=1~8
-135
-160
- 135
: t~
=Hg
-110
110
115 -115
117 - 117
2fl - 29
=rng
-111
115 - 115
117 -117
29 - 30
t8i
111
115
117
30
-112
-115
- 117
- 32¼
1~8
135
160
185
1~8
135
160
185
1i8
135
160
135
=1:~½
- 135
-160
-135
108 - 108
=1~8
- 135
- 160
-135
lg = lg
10 - 10
10 - 10
10 - 10
3 - 4
101 -IOL
104 - 105
104 -105
110½-lll¼
=1~8
-135
-160
-135
-110
=mi
STATE SECUJUTJES.
1884-Concluded.
-
JANUAitY FEBR'RY. MARCH.
JULY.
JUNE.
MAY.
APRIL
- - - - - - - - - - - - - ---- - - - -
SECURlTIE3.
AUGUST. SEPT'BER. OCTOBER. NOV'BER. DEc':e;.a
Low.Hig h Low.Iligh Low.High Lo.v .Iligh Low.High L ow.High. Low.High Low.Rig
---
----
North Carolina --Continued.
-Funding act. 1866-1900 ... 9 - 9
JO - 10
10 - 12
lU - 12¼ 10
10 - 10
10 - 12
10 - 12),g 10
10 - 10
Fundmg act, 1868-1898 ...
10 - 10
0 - 9
18 - l!l
16 - 19½ 18
New bonds , J. & J., 1892-98 1(3 - 16
16 - lli
16 - 10
16 - 19¼ lti
16 - 16
18 - 19
New bonds, A. & o ......... 16 - 16
16 - 1(l
1
3 - 3
Chatham RR. . . . . . .. . 2½- 2½ 2½- 3
2½- 3
1 - 2
1
3 - 4
1 - 2
2 - 4
Special tax. class 1, 1898-9 2½- J½ 2½- 3
1
2
3 - 3
Specittl tax, class 2 . . .
2½- 3
2½3½ 1 - 2
1
To W'n N. C. H.R . . ......... 2½- ~½ 2½- 2¾ 2½- 3
2½- 3
J - 2
3 - 3
l - 2
1
To W ester ,t RR ... . ........ 2½- 3
!t½- 2¾ 2½- 3
2½- 3
3 - 3
l - 2
l
To Wil. C. & Ru. RR ....... 2½- 3
2½To W 'n k 'l'ar. HR .... .. . . . 2½- 3
2½- 3
1 - 2
1
2½- 2.14 2½- 3
6s, 1919 ..... .. . .... . ........
- ... . 10:
- 8-t
80
Consol., 4s, 1910 . ... .... ·i;i - 82½
- &3½ .83¼- 84¼
=
- 82
78 - 82½ . . ..
82 - 82
Small bonds .. . . . ........ 80¼- 81
107
107¼
Ohio--Us, 1886 . ......... . .... 106½-107 106 - 107¼ 1107
J07J4-107¼
- 107¼
Rhode lsland-6s. cp., '1.13-99 116 -117 120 \ -1:22 12J - 120 ) 20 -120 120 - 120 ii5
South Cf1r0Jinq-6s,act \far.
1
23, 1869, non-funa., 1888 . ..
3 - 3½ 2½- 3½ 1½- 2
2½- 2½ ll½- 3
Brown coosol., 6s, 1893 ... . 101 -102 . 105 --105 105 - tOfi¼ ]05¼-106 105 - 106 10,
42 - 43¾ 36 - 41¼ 35
38 - 3'•¼ 4i - -13
Tennessee-6 i, old, 1890-2-8
~2 - 42¼ 36 - 41¼ 35
37¼- 88¼ 40¾- 43
6s, n e w bds., 1892-'£8-1900.
=
6s, new series. 1914 . . . . . .. 37 - 37½ 38 - 38¾ 40:Je.- 42½ 42 - 42¾ d6 - 41½ 35
41
86 - 47
Com promise 3-4-5-6s, 1912 41 - 43¼ 48¾- 41½ 46½- 48¾ 48.½- 49
40 - 40
40 - 40
40 - 40
40 - 40
40
Virg inia-61, old .... . .. .... 38 - 40
40 - 40
4~ - 40
40
40 - 40
40 - 40
3'-l - 40
6s. n ew bonds, 1866 .. .. ..
40 - 40
40 - 40
40
40 - 40
40 - 40
6s, new bonds, 1867 .. .. . ... 38 - 40
60 - 60
60 - 60
60 - 60
55 - co 55
6s, cons ,,J. bonds .. . . . ...... 60 - 65
37 - 40½ 37
37½- 41
40½- 4C½ 40¼- 41
6s, ex-matured coupons .. 37 - 42
52 - 53
50 - 53
54 - M
52 - 52
50
6s, coosol., 2d series ...... 54 - 54
6 - 6
4
11½- 7
7½- 8
7 - 7
6s, deferred bonds . .. ... .. 8 - 9
Dis. of Columbia-3·65s,1924 113 -113½ xl 12 - 112¼ 113~- 113¾ 113¼-lU 111 - 113½ 110
110
113
1!-114
111
- 113½
Small b onds. ...
. ...... ll8 -113½ x112 -112¼ 113 -ll3¾
Registered . . . . ........... . lll ½- !13.½ 112 -112¼ 113.½-113¼ 113¾-114 111 - 113.½ 110
Fundinll 5s, 1899 . . . . ... ..
-110 111 -11 1 lll½-112 112 -112 112 - 112 lJO
D o. Small . ... .. . . . .. ...... 0 -110 Ill - 111 l ll,½-112 112 -11 2 112 - 112 110
Uo. _Registered . ... .. . .. .. llO -110 111 - 111 lll½-112 112 -lH 112 - 112 110
Jt
~rm
·~g
·so
~+~
~i
Mo
9 - 0
9 - 9
lS - us
18 - 18
1 - 1
l - 2
1 - 2
1 - 2
1 - 2
1 - 2
- l
1 - 2
- 1
-105 10:t - lOf.½
- 82
7M½- 80
78 - 78
- 105
--115.. . 104
112 - Jlj
-
r,ow.lligh Low.Hiirh L ow.High L o w.High
- - - - - - - -- -
10
]0
18
18
1
1
1
1
l
---- - - - ----
10
10 - 10
9
9
8 - 10
10 - 10
8 - 10
10 - 10
1/J
9 - 9
10 - 10
18 - 18
18
18 - 18
18 - 18
18 - 18
18 - 18
18 - 18
18 - 18
18 - 18
18
2
2
2
2
2 - 2½
2½
2 - 2½
- 2½
3 - 3½ 3 - 4
2½- 3½ 2½- 3½
3 - 4
3 - 4
3 - 3
2½- 3
3½- 3¾ 3 - 3
3 - 4
3 - 3
3
3
3¼2½- 3
3 - 4
3
3
2½- 3
3 - ~~ 3 - 3
a - 3
3 - 4
3½- 3½ 3 - 3
2½- 3
3 - 4
3 - 3
2½- 8
3½- H½ 3 - 3
106½-107 107½-108 104 -106 105 - 105½ 105¾-106¼
75 - 82
81 - 8 t
82 - 82
79 - 82
82½- 83
80 - 80
80 - 80
78 - 80
78 - 80
80 - 80
~O'i - 105¼ 105 -105¼ 105¼-105¼ 105¼- 105½ 105 -108
112 - 112 110 -112 110 -112 110 -112 112 - 120
9
9
15
15
·-
]
2 - 2
1 - 2¼
1
1½- 2
100 - 103 103 -103¼ 104 -10-t 105 -106
36¼- 38½ 89½- 89¾ 89½- 39¾ 89½- 40½
= ~½ 36½- 38½ 31J¼- 39½ 39 - 39½ 37\(i- 39
- 38
36.½- 38¼ 39),t\- 39½ 39 - 39½ 37½- 39
43 - 43¾
- 44
42 - 42¾ 43½- 44½ 43¾- 44
37 -· iO
37 - 37
83 - 35
37 - 40
- 40
;;3 - 35
87 - 40
87 - 37
85 - 40
- 40
37 - 40
37 - 37
- 40
38 - 35
85 - 40
45 - 50
50 - 50
- 55
50 - 5U
45 - 50
32 - 36
36 - 37
30 - 34
35 - 36
- 3i
40 - 40
40 - 40
40 - 40
4:J - 40
- 50
4
5
- 4
5 - 5
4 - 5¾ 4 - 6¾
- 110 106 -107 108 - 108½ 109½-110 109 -110
-110 106 -107 107 - 108½ 109¾-110 109 -110
-110 106 - 107 107 -108.½ 109¾-110 109 -110
- 110 105 -107 108 -109 109 - 109½ 109 -109.½
- 11() 105 - 107 108 -109 109 -109.½ 1011 -109½
-110 105 -107 108 -109 109 - l09½ 101) - 109½
- 1
-105
2 lQij
2 -
2
2
-106¼ 106½-107
38½;- 40
3~ - 38½
38 - 38½
43 - 44
37 - 40
:17 - 40
37 - 40
50 - 50
87 - 39¾
40 - 40
4 - 5
109 -110
.... - . ...
ioii
41 - 41½
41 - 41~
41 - 41
45½- 47
38 - 40
38 - 40
88 - 40
50 - 55
88 - 39¼
54 - 55
4 - 5
110 - 113~
112 - 118
- ... . ll2 -113
- 110 110 -110
- · ·• 110 -110
110 -110
-
'
1886.
JA NUAltY .l!'EBH'ltY.
SECURITIES,
M a itCH.
MAY.
APH.IL.
JULY.
J UNE.
AUGUST. SEPT'BER.. (JC'.I'OBEll. 1' 0 V'BER. DEC'BER.
L ow.High Low.High L ow. Hig h Low . High r,ow. High Low.High Low.High Low. High L ow .High Low.High L o w.High J.,iw .High
--------------1 ·- - -· - - - - - - - - - - - - - - - -- - - - - - - -- - - - - - - - - ·- -
Alab ·1.rna-CI. A , 8 to 5. 1906. 81½- 86¼
Class A, small. . . . . ... . ..... 80 - 83
Class u, 5s , 1906 .. . .. ...
99 -101
4
M8?~ : ::'. ·: ::: .:. 1~ =1~¾
90
A;!~i:~~:-l\l,!.ds'.
=
~
7s, Memph is & Little H.ock 10 - 19
7s,L. R. P . B. & N. 0 ... . .. 10 - 20
7s, Miss. O. & R . R..... . . . 1 , - 21½
7s , .Ark. Central RR . . . . . . 2 - 4½
Georgia-6s . 1886 ...... ...... 11)1 -101 ½
~6½- 87
84 · 85
102 -102
L~~·Ji~~a~.fs?~·o~~~~.;iinf l~~½:14~
1~0 ~ =1~~
Michiga,n-7s, 1890 . . . . . ..
Missouri-69, due 1886 .. . .
6s, 1887 . . ..... ... ....... . .
6s, 1888 . . .. ........ .. .... .
6s, 1889-1890 . . ......... . ...
A sylu m or Univ .• 1892 . . . ..
Funding I.Jo nds , 1804-95 . .
Hann ibal & St . .lo .. 1886 , ..
H a,nn ibal & St. J o .. 1887 . . .
llO - lH
101½- 102
103).g- 104!,4
! 1•14~i-l05
107 -lUi½
JlO -110
113 -ln
115 - 117
115 -117
~~~it~o.
i\~~/
87 - 88
85 - 85
102 - 103
86 - SS
85 - 86
102 - 10 3
87 - 90¼ 90 - 0 1
86 - Sf:S
87 - 80
J02 -104 102 - 104
1~t =13g¾ 18g ~18~
18i =18g
1gg =1gi
1
1ri 2~ 12½l~½- 16lg 151t
= lg½
1~
12
= 1t
- 15¼
- 12
14 - 15¼ 12 - 12
12½- 18
14 - 15¼{ 12 - 12
3 - 4~ 4 - 4
3 - 3
100 -101 1€10½-100½ lOu½-101
12½- 17
13
10
10
10
2
101
= lg
- 10
- 10
- 12
2
- 101
8H½- 02½ 93 - 93¼ 93 - 93½ 93½- 95½ 95½-100
Ft, · U1
IH • 1:12
92 - µ3
93 - 95
95½- 98
100 -104 102 -104 101 -105 104 - 105 105 -106
1g~ =1g+ 1~ =1~ 18g
lg -1i 10lg =- 12½
lg 1~13
10 - 12
10
10
2
102
- 12
- 12
- 3
-103
=18!½ 18~
= l~¾
- 15
10 - 13
13 - 15
10 - 15
l3 - 15
a - 3½ 4 - 7
102 - 103 102 - 103
=18J½ 18i½:1~
1g~ :18~
100 - 101
100 -101
104 -11>8
18~ =18+
lg½~ 1~ 12½l~½= 25½
Ii = 1~ lgJ5 =- li1512½- 16
16
15 - 15
12½- 15
12½- 15
5½- 6
102 - 103
12½- 17
12½- 19
7 -· 8
102 - 102
15 - 15
15
15
8 - 8
102 - 10.2
15
15
6
102
1~ ~1§~
1~
- 15
- 15
- 8
-102
m ~rn~ rn~~=rn~~rni~=
rnt½ m~=f8!~rn1~=1t~ }gg
rn~ =rn~ rn~~=m~ rn~ mi
=mi~ }8~ :.rn~ rn~ =rn~~
1~~ 9~ l~~
IM ~IM¼{
:IA~
9~ =l~g 1~~ =1➔g½ :i~i
8
f;;~{t~!nti~i~i:::::::: ·~& = it ·~1 = tr ·~t½= ~r ·~g =it~ ·~g = ~r ·~t =ir ·it½= it~ ·ii =ir ii½= Ii ii"ig~ =ii. i12i¥ =~ ~~ =~~¼
❖=: ~~~.~~~~~·1=~::::::.::
=mg~
:1
:I?~½ 1
1g
=rn~
14~ :1§~½ 14~½-l§~
112 - 11-& 1112
101½-102~ 102
104 -104 1104
105 ··106 106
108 -109½ 109
112 -113 1112
118 -118 118
10.i -102½ 102
102 -102½ 102
¼
110 -112
101 -102
103 -104
lOl -104½
105½ -t07
107 -110
112 -ll3
110 - 117
115 -117
Ni: io~~k~iJ8~'. di88e/-.'. •.~~ mg :}8~~ rn~
110 -112
102 -103½
104½-105.½
105½-106
108 -109
110 -112½
113 -115
116 - 120
116 -120
110 -110
103½ 10-l
105½-lOH
106 -107
109 - 110
112½-116
115 -120
104½-123
104½-123-
108 - llll
103 -104
104½-106
106 -106½
llO - 112
l!H -115
118 -120
103 -105
103 -105
- n2
- 104:1:{
-107¼
-109
-113
-117
··122
-104½
- 104½
112 -112
10l ½- 102
104 - 104
105 -105
108 -110
113 -113
117 -118
102 -102
102 -102
115
117
30
30
160
135
160
1
-115
- 117
- 30
- 80
-160
-135
-160
1
113
115
30
30
160
135
HIO
=i8i igg~:rng mg =mg~ rng~:igg~
18~
U H - 113 ll"O
=rn~ ~8?
6s, loan , 1891 . ... .. .. . ... ... 112½-113 113 - 113 113 -113 lU -113 113 -!13
6s, loan,1892 . . . . .. . . . . 115 -117 115 -115 115 -115 115 -115 115 -115
6s , Joan, 1893 .. . ..... ... . . . . ll7 -120 117 - 117 117 -117 117 -117 117 -117
N O- Ca.r olina-6s, old, '86-'98 30
30
30 - eo
30 - 30
30 - 30
30 - 31
6s, old , A .& 0
......
30 · 30
30 - 30
30 - 30
80 - 30
30 :. 3 1
N. Ca,r. ltR., 1883-4-5 .. . . .. . 160 -165 160 -165 160 - 1· 0 160 -100 lbO ··160
N. Car. RR., 7s, co upon off 135 -135 135 -185 135 -185 135 -135 135 -135
N. Car. RR., A. & 0
.. 160 -165 mo ·165 160 -160 160 -160 160 -160
1
1
1
1
7
1
1
1
1
1
1
~.ff
=
=
Fundi ng act, 1868-1898 .. . 10 - 10
10 - 10
10
10
10 - 10
10 - 1l
Newbonds .J.&J.,18fl2-98 18 - 18
18 - 18
18 -19
18 - 18
18 -18
New bonds , A. & o.... ... .. 18 - 18
18 - 18
18 -· 18
18 - 18
18 • 18
Chatham RR. .. . . . . . . . . . 2
2½ 2½- 3
2½- 2½ 2½- 2½ 2½- 2½
Special tax:, class 1. 1898-9 2 - .3
3 - 5¼ 3¼- 4¾ 3½- 4
4¼- 5
Special tax, class 2 . . . ... . 2½- 2½ 4½- 4½
- .. . .. . .. - . . . . .. .
. ..
To W'n N. C. HR. . .. .... . .. 2½- 2½ 4½- 4½ .... - . . .. .. . . . . .. .
.. .
'l'o Western RR....... . . .. . 2½- 2½ 4½- 4½. .. .
.. .. . , - . . . . . . . .
. . ..
To Wil. C. & R. RR . .. . . . . 2½- 2½ 4½- 4½
. . . . . . . . - . . . . . . . - .. ..
'.ro W 'n & Tar. RR.. . ... .. . 2½- 2½ 4½- 4½ . . - ... . ... .
6s, 1919 . ..... . . .... . ... . . ... 105¾-109 109 -110 110½-lll 108
:
Consol.. 4s, 1910 .• . . . . .• . 8 1 - 83½ 83 - 84
85½- 86¾ ~
Small bonds . . . . • . . . . . . . . 80 - 8 1
8 1 - 82
SH - 84
83
Ohio-6s, 1886 .......... .. . .. 105½-105½ 105½-105½ 105½-105¾ 106
11
I,
Rhode Island-6s, cp .• '98-99 110 -113 112 -112 112 - 114 110
South Carolin 't-6s , act M.ar.
3 - 3¾ 3
.1½
H
3
23, 1869,non-funa .• 1888. .. 2 · 2¾ ll½- 4
Brown coo sol. , 6s, 1893 .... 104½- 107 106 - 107 1.07 - l 07 107 -107½ 107 -108
Tennessee-6s, ol d, 1890-2-8 42 - 43
43 - 46½ 47 - 48¾ 46½- 47¼ 42½- 47
6s, n ew bds .• 1892- '£8-1900. 41¾- 43
43 - 46 · 47 - 48
46½- 47¼ 42 - 47
6s, new series. 1914.. . . . . . 41¾- 43
43 - 46
47 - 48
46½- 47¼ 42 - 47
f:ii~~r~:~ct. lsJ'i3~¥~&r
110
104
1C6
107
Ill
115
120
104
104
¥8 ~8 1~ ~r8 r8 ~f8 r8 18 re : rr 18IO -~r~11
18 lti
2½4
.. . . ....
. . ..
....
1
~
j~
·113
- ll5
•-117
- 30
- 30
-160
•-135
-160
1
= r8
10 18
18 18
18 2½ 2½4½ 4
. . . . . . . . ..
.... . . ..
,. . . . .. . . ...... -
vg~'
f:S~~~!~~1t~~~~? .~~~ i~ = g~¼ g~¼=
~b¼ gt¼:~~
g~ : ~~ ~g
6s. new bonds , 1866 . . . . . . 37 - 38
88 - 40
88 - ,,p
31:J - 39
31.1
8
1
.' . .
6s, new bonds, 1867. .. .. . . .
6s, c onsul. b on ds ... .... . . . .
6s, ex-matured coupons..
6s, con sol., 2d series... . ...
6s, deferred bonds... . . ....
37 ·50 37 50 · 4½-
38
50
38
50
5½
88
- 40
55 30 50 4½-
38 - 39
70
72 - 80
41½ 42 - 45
50
50 - 50
6½ 5½- 6½
39
72
40
50
4
= ~~
- 39
- 39
39 - 39
- 75
80 •- 80
- 45
47 - 50
-. 50
50 - 50
- 4½ 4¼- 5½
D~~':,~\~~r~~t\a:.:.:3:oo",i,ii:i24 iis =1iS½ iii½=lis" iis : Jig" i'is =113
Funding 5s, 1899 ... .. .
109 -110¼ 110 -110 110 -110 110 -110
.. .
:
:
:
.
114
117
30
HO
165
135
](j5
- llJ
- 115
-117
- 30
- 30
-165
- 135
-165
1
I
I•
3 - 3¼
108 -108½
42¾- 47%
42¾- 47¾
42¾- 47¾
~~ ~
~8¾
II
3
106
47
47
47
- 3¾
- 107
- 47¾
•· 47¾
- 47iJ-,i
=1i:/
102½-103
105 -105¼
107 -107½
109 -109½
ll3½-113½
118 -ll8½
104 - 104
104 -104
1.·12 :112·
102¾,-103
105 -106
107 -108
109 -109
113 -113t§
11 8 -11 79
104 -105
104 -105
-115 115
- 117 117
- 30
30
- 30
30
-165 165
-135 135
- 165 165
1
1
·= ~
1fJ
10 - 10
10
21
20 - 20
~o
21
20 - 20
20
2½ 2½- 2½ 3
5,
4¼ - 4¾ 6
.. ....
.. .. . . .
. . ... .. - .. ... .. •
. . .. .. . . - . . .. . . ..
. . . . . . •. - . . . . . . . .
.·
:
:
:
I
II
3)/4"- 3¾
107 -108
47½- 48!,4
47½·· 48¼
47½- 4~¼
-115
-117
- 30
- 30
-165
-135
-165
115
117
80
30
165
135
155
1
·117
- 120
- 30
·· 80
-165
-135
-16:5
1
119 -122
121¼-124
30 - 30
80 - 30
165 - 165
135 -135
165 -165
1
1
=
18 ~
10
10 - JO
IO • 10
20
20 - 20
20 - 20
20
~o - 20 rn - 20
8
4½- 6½ 4 - '1
7¾ 6½- 7½ 6½- 8
.. . . . ..
. . . . ... - •.•
.... .. .. - . ....... - • . .
. . ... ... - . .. ... .. - . . .
.. . . . . . . - . . .. . .
- .. .
r8 -lr8
r8 r8
-
-
r8
ii3 =114~\lli
SH½- 88½
84 - 86
103 -104
120 -120
-114 ..
88¼- 89½
-87
104½-l Off
120 -120
3¼- 3¾
108 -109½
47½- 48¾
47!,f- 4cl¾
47½ - 481¼
4½- 6½
108½- 109¼
50 - 52
50 - 52
50 .. 52
86
4½- 5½
!09 -109
50 . 52¼
50½- 52½
50½- 52!,fi
4 - 5
109 -109
51½- 52½
51½- 52½
51½ - 52t§
~J¼: ~ ¾ ~6¾: 1~¾ ~8½.~ ~g¾~g = ~g½ ~g -~~g ~g = i§
40 - 40
40 - 40
40 - 40
80 - 80
So - 80
50½- 51½ 45 - 47
50 - 50
50 - 50
5
5½ 5½- 6
40
- 40
II
115
117
30
30
165
135
Hl5
1
13 ~18 r8
1
10
10 20
20 20
20 2½ 2½4
4¼. .. . .. .
.... ....
. . . . ...
-.. ..... -
..: .
-115 ..
102½-102¾
104 -105
107 -107½
108 -109½
113 -113½
118 -118½
103¾-104
103¾- 104
}g~ij=i&!
13:~Jg~~
rn~=i~ mi =
mi }gg :{gg
110
110 -110 110 · 110 112 -118½ 113¼-118½
I■···■■■
. ..
-11~
-102
- 104
-106,½i
··lOIJ
•113
-118
-103
-103
4!1
40
8:J
47
50
6
-
40
40
80
49
50
10
40
40
80
48
50
-
40
40
80
40
40
80
49½ 47
50
50
u - 10¼ 12
•·
-
40
40
42
42
so
85
80
48
55
50
52½ 51 -- 55
55
13¼ 11 - 121-1; JO
iis =1is" ii.s -li5~ ii.5 ~116¼ ii4 =1itf. ii4 ·=114" 1l~ =1rn
110 -110 110 -110 109 -110 110 -110 110 -110 110 -110
40
40
80
52
-
45
45
1lA .·1rn
110 -110
-
74
43
43
80
52½
00
13
1m =1i~½
110 - 110
18S6.
SECURITIES.
JANUARY FEBR'HY. MARCH.
---
-----------1
Ahi!~~i~f~a1i.~-~~.~'..1.~~?:
Class B, 5s, 1906 . . . . . . . . .
Class C, 4s, 1906 .. . . . . .• . .. .
6s, 10-20, 1900 . ..•... .. .... .
Arkansas-6!l,_fd., 1899-1900
7s, L. R. & lf·t. S. issue. . .
7s, \1.emphis &Little Rock
- - - -- - - -
APR.IL.
----
MAY.
JUNE.
i+
105
95
105
7
15
15
gg¼
=
-105
- 96
-105
- 7
- 20
- 15
8~½=i86
105 -107
97 -97¼i
105 -107
7 - 9 !-!i
16 - 22
16 - 17
rn8½=}88¾
105 -1011
08 - 98½
106 -107½
7 - IJ¼
20 - 20
20 - 20
½88½=186
106 -107
99 - 99½
105 - 106
7½- 9
20 - 24
20 - 20
mg
l Ofl
llO
106
5
17
17
½8~¾=18g
107 -108
119¾-101
l.07½-107½
5 -_ 8½
.... - ....
.. .. - . . . .
188~=rnt
7s. gold bonds. 1890 .... . . 110 -113
Louisiana-7s, consol., 1914. 84 - 87
=½8½~
'=i8~~
110 -114 110 -112 110 -111
84 - 88
84½- 85¼ Sn - 86
~
m
½8F1
mg Jg~½; 18! !f8~ mi
105 -108 107 -107½ 107
=mg
-107
100 -103½ 102 -103~ 102½-103
105½-106½1106 -107 105 - 106
8½- ll½ 1:1 - JO
10 - 10
17 - 20
17 - 18½1 15 - 16
17 - 20
17 - 18¼ 15 - 16
---
rnt½=}gg½½8~
109
}85½:½88¼
107 -109 108 -108
101 -102 10.l -102
104 - 106 104 -105
9 - 10½ 9 - 10
12 - 15
12½- 15
18 - 15
15 - 15
½g rn ½~ rn
102
104
10
20
20
=½~
-110
-103
-106
- 11½
- 28
- Z7
rn½ ~& ~i¾
= ::: :
=
~~
=
=
½~=
=
- .... 5 - 7
6 - 6
5 - 6
5 - 6
6 - 6
7 - 8
100½-100½ 100½-100½ ..• • - .... 102 -102½ . . . . - . .... . . • - ..•... ., - . ... .• .. - ... . ...• - ...•
100 - 100½ 100 - 101
½i ~g g -
fg~ =½8~~ m
=½8~~ .... - :::: : ::: : :::: :::: : :: : : ::::
111 -111 112¼-112¼ 111%-4.11% 111½ -112 110
85 - 86
87 - 88
Sfl - 90
~;~~:1h4c;'nds::::.:::::: ·. i~½= +i½ ii : i~¾ i~½: +g +5 : +g% ~3½= ~z¼ .:~ : ~~.. ~~ : +I¼
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
A UGUS1'. SEP'.I''BER.. 00'.I'OBEll. Nov'BER. DEC'BER.
----
---- --- ----
=i85½
-107
-100
-106
- 8½
- 23
- 17
b: it 1t~::.:: rn rn 1g6 =- ~g½
g7 =~28 1i7 -= ~18 g6 =- J~6 ::::
6
....
~::ti!;·.
=
7s, Ark. Central RR . . . . . . . d - 7
Georgia-(ls , 1886
. ....... . 11)2 -102
❖t~~~o~~~~~:1. §ro~::::::.: :
J ULY.
L ow.High L ow.High L ow.High Low.High L ow. High L ow.High Low.High L ow.High L ow.High Low.High Low.High J,0w.High
: :.~:: : :: : : :::: : ::: : ·· · · ···• : ·· ••
- 11,,, 109 -110½ Wl -1io · · iOS½- lio ..
00 - 91½ 91 - 113
9 2½- 93
93 - 94
92 - 93
+~¼:
~g¼+~½: +i911 ~~¼: ~~ W': ~~¼ ~i½. ~1¼
49
ST.A1'E SEOURITIES.
1886-CJonelnded.
I
OCTOBER.,
AUGUST.
APRIL.
MARCH.
FEBR'RY.I
JANUAJlYI
_ _ _ , DEC'BER •
_ _ NOV'BER.
____ _
_ _ _jSEPT'BER.,
_ _ _ I_
_ _ _ , _JULY.
- - I_JUNE.
- - -MAY.
- - I-- ---Low. High Low.High Low.High Low.High Low.High Low.High Low.High Low.Hiirh Low.Rig~ :1-ow.H~ Low.High ~w.High
I
Michiiran-'7s. 1890... . .•..••. 112 -112 112 -112 112 -112 112 -112 112 -112 . .. . - •... 109 -110 110 -110 110 -110 110 -110 108 -110 108 -110
Missouri-6s, due 1886 .•.. . . 100 -100 100 -100¼ 100 -101 101½ 101½ 101½-101~ ..•. - .... 100~-100¾ 100~-100¼ 100½-100¼ l(}()¾-100½ 101 -102
. ... 102 - 104 102 -lO'J 102 - 102 102 -108 102 - 104 108 -103
6s, 1887 ....••••.......... . .•. 102 -103 103 -103¼ 103 -104 103½-104 104 -104¾. .. .
6s, 1888.. . .............••.. 101> -105 1(.15 -105 105 -105½ 105¼-106 105 -106½ .. .• - ...• 104 - 104¾ 103½-104¼ 103½-104 104 -104 104 -105 104 -104
SECURITlES.
_
m:1~ lU :½~~
~s-;~!"~~~~iv:;iaw:::::
Funding bonds, 1894-95 ... 115 -115 115 -115
Hannibal & St. Jo., 1886 ... 102 -108
Hannibal & St. Jo., 1887 . .. 102 -10::!
New York-6s, gold, r8/_·• '87 103 - 103
103 -103
103 -103
103 -103
=1~~
-118
6s, loan, 1893 ............ . . . 121 -121
NO, Carolina-6s, old, '86-'98 80 - St
118 -118
1:el -121
. . ~~.:::::: 1~~
3::ri~~5iir~~
6s, loan, 1892 ...•....•.. 118
m =m
so - eo
m:ng
115
108
103
108
1~
118
~~ ½~i
1~~ :½rn ···· : :::: ½n. :½
U& :Hg
- ••.. 115 -119 115
-118 118 -118
117
104
104
108.
-116
-103¼
- 103¼
-103
- 104
-104
- 104
:m m
- .... 100 - 101
- •... 101 -101
- .... 108 -103
104 -104
104 -104
104 -104
m¼=½~½ :::: : :::: ½~~ =m
=1~1¾
-118 112 -115='1. 115¾-115¾ .... - .... 11:5 -115
121 -121 115 -118¾ 118½-118¾ .... - .... ll8 -118
82 - 86½ 85 - S..'>½ 85 - 85 . ... - . . . . SS - 85
~:8!htf.Sss3-4~5:::::.·. 1~ : i t l~ :1~ 1~ :1~;¼ 1~8 : 1 ~ 1ro :1~
8!~: Im:: tci~ons ~~ t~ :i~ l~ :mg ½~ :i~ ½~8 =½*8 ½~ :½~8
::
N. Car. RR., 7, coupons off 185 -135 185 -185 135 -145 140 -140 140 -140
Funding act. 1866-1900 . . . . 10 - 10
10 - 10
11 - 18¼ 12 - 12
: :::: 1~ :1ro
½fo :½~8
::: 185
:- :....
-140
11 - 11
12 - 12
½n
½n :½n
-115 115
:m
½~~ :½~~¼ ½~
:}~
:m¼
-116
101 -101
101 -101
103 -103
115·
101
101
108
-101
-101
- 108
-115
101 -102
101 -102
102 -103
115
102
102
102
115 -120
120 -122
85 - ~
=m
112 -115
115 -120
85 - 85
115 -115
118 -120
85 - 85
:m½
115 -ll5 115 -115
118 -118 118 -118
85 - 85
85 - 85
1;8 =1~
1~ :1~
1ro =1~
1~~
:m
½~~
1~~
:m m
m½=½~~½
1~ :1~8
1~ : 1~
140 -140
12 - l.!
140 -ao
12 - 12
5¾- 7¼
110 -110½
62½- 64
62½- 64
62¼- 64
71%- 74
105 -105
102 - 102
6 - 'i¼
109 - 110
05 - 65 72
M½- 65Ji
64½- ~5½
74 - 75½
105 -109
100 - 102
65 - 66
65 - 1.15
ts5 - 115
10¼- 11¼ 11¼- l:!¾ 12¼- 13¾
n - 11¼ 11¼- 12¾ 18 - 18¾
118½- 119 120 -120 119 -119:}a
.... - ....... . - ..... . .. - .. ..
65 - 65
12 - 18¼
12 . 18~
IJ0¼-190
110 - 110
lfo :i~8
½~ :½~
:½~ 185
-185 185 -140
tro
135 -185
11 - 11
-115 115 -llts
-102
-103 108 -104
-102½ 102½-102½
11 - 11
12 - 12
5½- 6~
104 -108
62½- 64
6~X:- 64
R2½- 64
72 - 74
lQS½-106¾
JOO -102
5¾- 6¾
109 -109
62 - OS
62¾- 68
t12½- 68
72 - 78
105 - Hl6
100 - 102
m:½~8
}~8 :g8
i~22 :- 22~
: M 22~~ :- 22~ ~~~2 :- !~
: ~~ M: 11 M
M
: ~¼ 22~ :- 22~ 22~~ :- i~22
: 18 M
~g : ~8 18
22
22 - 22
21 - 22¼ 22 - 22
22 - 2a
20 - 20
18 : lg~ 18 : ig~ lg¼: U¾ ½8¼: ½~
18 : i8¾ 1b½: 1~
'io - io"
8 : ~% e¾: ½&.. .. . lg.. : lg¼
~::~~atlfa:.!iass·1:·1sos~9 i : ~ 3 : lg
10¾- 10¾ .... - ...... .. - ... .
10 - 10
.. .. .. ..
.. .. .. ..
.. ...... - .. .. . . ..
Special tax, class 2 . .. . ......... - . . .. .. . .
1
1
~
i~¾ 1228~½:-122
iio~cti~~~ .:::::.:::: ~= ~~~ ~g : ~: ~¼: ~~ ~¼: g~ i~¼= g~ -~~),(= ~~~ gg : t~ t~ :igg 8~ : ~¾ 8~¼: rs¾ ri¼:-121½
~~~-iW
6s, 1919 .... ........ . ........ 115 -116 116¼-llS¾ lll}¾-121 1113¼-llo¼ 118¼-118½ 118¾-120 121¼-125 126 -128 126 -129 121 -125 121
:rn~
½&~
:½~
½~
1&&½:~
i~A¼:½U½
l&&½:½~½
:m
m
::::
:
....
:½gg
mg
:rn&
mt
Rt~d-:Sfs1~~-.:.as:ci>.:·•g3..'.94 mi :½~ mg :1gg lg& :}~
South <'arolin11.-6s,act Mar.
t~~d~~t!~~:r~~:~~~~:08
New bonds, A. & O......... 20 - 20
0
28, 1869,non-fun<l., 1888... 5¾- 6¼ 5¼- 6!,-.(
Brown consol., 6s, 1898 .... 106 -108 108 -108¼
Tennessee-6s, old, 1890-2-8 58 - 55¾ 55½- 60
6s, new bds., 1892-'r8-190u. 53 - 55¾ M½- 60
Os, new series. 1914 . . . . . .. 58 - 55% 55½- 60
Compromise S-4-5-6s, 1912 62 - 64¾ 65½- 67~
New Settlement, 6s, 191::l. . . ..
New Settlement, 5s, 1918 ... . . -
~~~. ~-~~~: ·42 - 48 .. · 48 - « .. ·4s
vf::~~~~~~fJ1~:.
48
48 - 44
6s. new bonds, 1866 ....... 42 - 48
~ ~ : ~ 1~
:
ii
~i:s~?i~~,s~:::::::::
g::
56
5:& - 60
6s, ex-matured coupons . . l50 - 52
6s, consol.,2d series .... . ..
6s, deferred bonds.........
Trust receipts.... . . . . . . .. ..
Dis. of Columbht.-S·65s,1924
Fundinir 5s, 1899 . . .... ..
SECURITIES,
--------------·-
60 - 60
11 - 12½
11 - 12½
116 - 116½
110 -110
5 - 5¾ 5½- 5¼
109½-109¾ .. .. - ....
58 - tlO~
56 - 58
58 - 60¼
56 - 58
58 - 60),(
5tS - 58
65 - 67¾ 67½- 70¾
- .... 106 -106¼
•· ........ - ... .
- .i5 · · ·4i - ii .. ·«
44 - 44
- .45
=1~
- 60
60 - 65
60 - 62
11½- 18!,( 9 - 9%
II - 10
11½- 13
lltl -118 119 -119
110 -110 110 -112
11U
54
JANUARY FEBR'RY. MARCH.
- - - - - - - -·- - -
5½- ~ 5¾- 6½
107¼-107¼ 106 -108
62¾- 65
60~- tl4
62½- 65
60½- 6.1
62½- 65
60½- 64
72 - 75
70¾- 74
103½- 106½ 10.'3 -106
100 - 101¾ 100 -102
1~
l~¾ 1r4:
: 44° · .:.~½: :~~ Ji45 :- 47l~ 47l~¼:- ~47 46I~ -: 47~¼ 47I~ :- 47~~ 1;¾::
47 - 47
47 - 47
~ : !& tZ : ts ii : ii ti : t.i
is52½-:1iz54 t~52 :1iz
: 1it
53 - 56
55 - 58
50 - 58
- 54½ 51 - 5·t
- 5!l
44 - 44
~
:1ti l
52
- 55
65 - b5
65 - 65
9 - 9¼
{l~- "¾
9½- 9½ 9J,(- 9½
11~-119 118¾-119¼
110 - 110 110 -110
.. ..
• ...
9 - 9
.... - .. . .
119¼-119¼
. . .. - ... .
60 - 69
10 - 12¾
10 - 12¾
119¾-119½
112¼-112½
____ ,_____,_____ - - - APRIL.
MAY.
JUNE.
JULY.
65 - 115
11 - 12¾
10¼- 12¼
119 -119½
112½-112½
UGUS'T', SEPT'BER. OCTOBER. N0V'BER. DE0'BER.
L ow.High Low.High Low.High Low.High Low.Hiirh Low.High Low.High Low.High Low.Jilgh Low.High Low.High f, ow .Hlgh
.Alabama-Cl. A, Sto 5, 1906. 105 -107
Class A, small . ..........•. 102 -105
Class H, 5s, 1906 ......... . 107 - 109
~~~fiL~,4fo5r.~:::: ·::: ·::. }g~ :½8l
A7~.ae~:1lrl.\: i~~~/~
- 6¼
-109¼
- 58
- 58
- 58
66¼- il7¾
6
1011
57
57
57
®(- 7¾
108 - lW¼
56¼- 59
56¾- 59
56½- 59
65 - 611
107¼-108½ 108½-1~ 108½-lOflU 108 -108 108)4-108½ l05 -106
105 -107 107 -107 107 -107 104 -106½ 107 -107 100 - 104
109 -118 118 - 114 112½-llS~ no -112½ 112 -112½ 109 - lLO
lOS½-108¼ 102 -104
105 - 105 102 -104
104 -104 108 -104
rng¼:½8;½ ½8t¼:1gg ½8!¼:½~¾ ½~½::½~ rn~ :½~ igg :½&l i~ :½8~ lgg :18~ 1gg :½88 igg :18~ ½~ :rn:
: i~~ ~g : ~½ ig : ½g½ ~ : !i½ ig½: ii ½8½: ~i ~ : k<>½ ½& : ii ~g : Jg ~g : J½ ig : i8 .i6 : 20 ..
~~ : :g ~~ : ~ ~~ : ~g ~ : ~ ~ : ~ 'is : 20·· 'i'i : i~"
~g25 :- ~A26 2i~i :- 25~ 22~~=- 25~g½ 25~~ :- ~i84 25~ :- :;r½
18 - 18
18 - 20
20 - 22
20 - 2ll
25 - 25
25 - 28
SO - SO
83
10 - 11
108 -108
100 -100
87¾- 88¼
10¼- 10¼
.... - ....
100 -100
83 - 88¾
11 - 11
10 - 12
. - .. . .
106 - 107
100 -100 100 -100
84½- !l5¾ 84¾- 85
1~ :1~
102 102
lOS¼-108½
106½-107½
112 -112
1~ :1g~¾
102 - 102½
103¼-IO~½
106 -106½
112 -HJ
lg~¾:1~
102¼-102½
lOS½-103¼
106½-106¾
112 -112
18~
100
100
104
109
ios
100
:10s ..
- 100~
100 -101
106 -l07
112 - 112
18g :18~
100½-100¾
l(.11½- 102
106½-107½
112 ~112
:m ½~½=m
1i~ :1gi
101 -101
102¾-10$½
107 -107,½
112 -112
:1~ 1~
-100 100
-100½ 11)()
-104 104
-110 110
: 1g~½
- 100½
-100¼
-104
-110
9 - 11
11 - 11
. ... 105 -105
. . .•
100 -100 100 -102
87)4- 90½
84¾- 86
1i~ :1ro
100½- 101
100½-101
10<1. -104
l Oi:I - 110
.. . • 104 -104 .. i04 -10!5°.
100 -100 100 -100
90¼- 91¾
89%- 92
18~ :1gg 1~l :1~ lg~ :1~
100~-101 101 -101½ 101½ 102
101 -101¼ 101 -101½ 101¼-102½
104 -105 10<1. -104¼
109 -109 108 -109 109 -110
~~~ -11~ .. 1_1~ : I~~-- l~~ :1~~ .. ~~-~ :I~~-- 112 :112 112 :I~~ .. ~~ :11_~. ~:.~ :I~~--~~~
t~~!\i!1~gf_sj~~.9t-JL
New York-6s,gold, re.r.·• '8'i L00½- 101 ½ 101 -101½ 101½-101½ 101½- 102½ 101½-102 lOQ¼-108 100 -lOi"° ioo -100½ 100½- 100½ 101½-101¾ 101
ti&
. . ~~.:::::: i~½:{~~Xi m :m¼ m½:m½ m½:m½ m½:m
8tfii~.~iir~
6s, loan, 1892 . •.•. ....•• 115 -116 115 -115 115 -115 115 -115 115 -115
6s, loan, 1898 ..... ... ..... . .
No, Carolina-Os, old. '86-'98
...... ...
6s. old, A .& 0
N.Ca,r. ltR., 1883-4-5 .......
~:8:~:H::x.cii>Ons _~.~
105 -108¼
105 -108
107 -1111
~
~ti.er PJ1.it~ti~'g~?~.~
7s , Miss. O. & R. R..... . ..
7s, Ark. Central RR........ 7 - 8½ 7 - 7½ 7¾- 7½ 9 - 12
Georgia-7s, l!'Old bonds, '90. 109 -109 108¾-108½ lOH½- 108¼ 107 -108¼
05 -100 100 -100
93 - IJ5
L ouisiann-7s, consol., 1914. 98 - 94
Rtamped, 4s .............. . . 79,-.(- 80¼ 81¾- 84¼ 88¼- 92¾ Sil - 91
Mi~h~::1a~.'....~~~~9o:.:.::::: •.
Mlsso·uri-6s, 1887 .. . . .. . .
.. ............. .
6~, 1888..
6s, 1889-1890 ........ .. ..... .
Asylum or Univ., 1892 .....
104¾- 105½ 105½-106
105 -106 105 -100
104½-106 106 -108
ll8
S'i
85
170
-118
- 85
- 85
- 170
t~3 :g8
118
85
85
LiO
-11~
- g;
- 85
- 170
m:g8
118
85
85
170
-118
- 85
- 85
-170
118
85
85
170
-118
- 85
- 85
-170
118
85
85
170
-118
- 85
- 85
-170
m:½~
115
118
85
85
170
-115
- 118
- 85
- 85
-170
:m 110 :no
-los°· ioo -His"
mx:m¾ m :}~
t~8 :m f~ :l\>&½ ½~½:}~~¼
115 -115 112 -114 115 -115
112 - 115
115 -118
85 - 85
s:s - 85
170 - 170
115
Wl
85
85
170
-116
-118
- 85
- 85
-170
118
85
85
170
-118
- 85
- 85
-170
115
85
85
....
-115
- 85
- 85
- ... .
118
85
85
170
-118
- 85
- 85
-170
½~& :}~~,
115
117
85
85
170
-115
-118
- 85
- 85
- 170
1~8 :1~8 1~8 :½18 1~8 =½*8 g8 :t~8 1~8 =1~8 ½*8 =1~ ½~8 :½~8 ::::: :::: 1~8 =½~8 }~8 :gg
7
1
:1t&
:118 118
io -- 10i6 " 118
t8 :- 1t811) .10
:11g 110
1& :11g~/t& :1t& 118
fg 1~12 :- 1t&½
i~i~r~r ?.~ 1{& :1t& 1t~12 :- 1t&12 1t&12 :- 1t&12 1t&12 :- 112¼
,:i:i~~f;l~i.
10 - 10
10 - 10
10 - 12
12¼ 12 - 12½ I?. - 12
l<'unding act, 1868-1898 . . 12 - 12
New bonds, J. & J., 18{12-98 :!2 - 22
New bonds, A. & 0......... 22 - 22
. .. 10 - 10
Chatham RR. . . . . ..
Special tax, class 1, 1898-9 11¾- 13
- . . ..
Special tax, class 2 ... .. ...
Railroad issues.... . . .. . . . . . . .
100 -100½
Consol.,4s, 1910
Smiill bonds . . . . . . • . . • . . . . . 96 - 9
6s, 1919 ........... - ....... . 124 -124!4
Rhode Jsland-6s. cp., 'YS-94 120 -120
South <'arolin11.-6s,act Mar.
28, 1869,non-funa., 1888... 6~- 6½
Brown consol., 6s, 1893 .... 107 -107
Tennessee-6s, old, 1800-2-8 65 - 65½
6s, new bds., 1892-'r8-190u. 615 - 65½
6s, new series. 1914 . . . . . . . . 65 - 65¼
Compromise S-4-5-6s, 1912 75 - 75¼
New Settlement, 6@, mm. 105 -105
::: ~:m:~m: it mi:
Vtrginla-6s, old • • . . .. . .. . • . .
6s. new bonds, 1866 .......
6s, new b onds, 1867.. .. . . . .
6s, Consol. bonds...........
6s,ex-matured coupons ..
6s, con sol., 2d series... . ...
6s, deferred bonds.........
1~ :1~~
47 - 4r.l
4? - 4'i
47 • - 48
95 - U5
52 - 58
65 - 65
12 - 15
D~~~~\5~Y1~~ii9i;1~S:&is',io24 1i~¾: 1~f
ll,undin!l 5s, 1899 ......... . 107 -107
9
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
100
97
125
115
22 - 22
- 22
22 - 22
- 22
10 - 10
- 10
- 18¾ 12¼- 18
- . . .. . . . . - . . . .
- . . ..
-100" :::: - ...
95 - 95
- 97
- 125¾ 125½-125¾
-116 116 - 117
6
107
tl5
65
65
75
105
- 6¼
-109¼
- 65
- 65
- 65
- 70~
-lOtt½
22
22
10
12
... .
l~A48
48
48
90
· 65
12
22 - 22
22 - 22
10
JS
13
JS
98
95
128
116
- 15
- 15½
- 14¾.
- JS½
- 9~
- 95
-128¼
-116
20 - 20
20 - 20
8 - 9
12 - 15
U\
12 - 14¾
15
l:.! - H½
U - 15
96½- 97
96 - 97
95 - 95
95 - 05
121. -121½ 122 -128
115 -lltl 116 -atS
20
20
9
14
U
-
22
22
10
6
~- 7M 6 - 7 · 6 - 6½ 5½- 6
6¼- 7
lOl,½-109¾ 108½-109½ 108 -1~ 104 -105½ 105
lES-lQQ¼
59
tl2½- 68¾ 60 62½- 64
64 - 6.">
64 - 65
64 - 65
64 - 65
74 • 75
74 - 76
106 -106½ 104 -106½
:1~~ 1~=1~¼ 1~ :I~~
48 - 48
48 - 48
- 48
48 - 48
48 - 48
- 48
48 - 4d
48 - 48
- 48
90 - \JO
90 - W
- IJO
52 - 5~
- .... 5~ - 52
- 65 65 - 65 1 65 - 65
10½- 11
ll - 12
- 18
1!~ : 1½g
1-07 -101:J
22 - 22
22 - 22
22 • 22
22 - 22
10 - 10
9 - . 10
14 - 16½
12½- J4
14 - lt1½
12½ - 14
18½- 16x,
12½- 14
98 - 98 .... - ....
95 - 9!'i
{15 - 95
128½-128½ 120 -128
116 -116 116 -116
64 - 65
64¼- 65
62½- 64
62¼- 64
72 - 74
103 -104
•~~
48
48
48
90
52
65
10
=1~~
- 48
- 48
- 4q
- HO
- 5~
- b5
- JO
62½- 63~
62¼- 68¼
72¼- 74
104½- 106½
l~! :•~~
48 - 48
48 - 48
4-'i - 46
I:)() - 90
. .. . - . ...
60 - 65
10 - 10
- 15
- 15
- 7
- 12½
- 11
- 11
- ....
- ....
122 -128
115 -115
15
15
7
11
11
11
....
- 6
-105
- 59
- 59
- 59
-162° ·
5
105
57
57
57
67
101
:1gi
- 48
- 48
- 48
- uo
- 45
- 60
- .. . .
1gg*1ggU
48 - 48
48 - 48
48 - 48
uo - l!O
45 - 45
60 - 60
8 - 8
60
60
70
1o·a
- 62
- 6i
- 71
-108
59
50
70
102
l~g
48
48
48
IJO
4fl
60
10
:I~t
- ~
- 48
- 48
- 90
- 46
- oo
- 10
1~
48
48
48
9:>
45
60
10
:I~¾ 1gg
47
- 48
47
- 48
47
- 48
90
- 90
-46¼ 45
60
- tlO
- 10½ ....
1~~¼:1J~ 1M :1~&¾ 1M½=l~~~ 1!~!,ii:1J~¾ 1~? :1~~~
107 -107½ 107 -107½ 107 -107 107 -107 10d -lOt>
- 5½
-106
- 58
- 58
- 158
- 67
-103
5
104
56
5d
5d
....
101
- 6
-105
- 60
- 60
- 60
- 70
-102¾
isi
15 - 15
15 - 15
8½
7
10 - 12
10 - ioij
95 - 96
.. .. - .. . .
120½-120½
115 -116
11~
l~g•• :1!8½
- . •.. 105
15
15
8
10
10
10
95
05
118
115
5¼- 5-:J:(
106 -107
69 - 60
i9 - 511
59 - 59
69 - 70
100 -100
1~
48
48
48
90
45
60
8
:I~~¼
- 4~
- 4R
- 48
- 00
- 48
- 60
- 8
12 - 20
12 - 20
8
8
8 - 12
8 - i2. •
94 - 00¼
98 - 95
117 -120
115 -ll5
5
1011
59
51J
51.1
6'i
100
- 5¼
-108
- 110
- 60
- tO
- 70
-102
' i-ii : 72ij
48
48
48
75
41
60
7
-
!l8
48
4H
IJO
42
611
7
:1½;¼ tl~~=u~~
. ..• - .... 103 -105 104 - 105
:n~ 11~¼:11~~ 11~
-105
- 15
- 15
- 10
- 10½
- 10
- 10¼
- 9H
- 05
-11,j
-115
50
ST.ATE SECURITIES.
.' 1888. \
•
SECURITIES.
JANUARY FEBR' RY.
MARCH.
APRIL.
MAY.
JULY,
JU.ITT:.
AUGUST. 8EPT' BER. O0T0BER. N0V ' D ER. U EC'BE R.
- - - - - - - - · · - - - - - - - - 1 - - - -1 1 - -- - 1
Low.High Low.High Low.High Low.High Low.High Low.High Low.High Low.High L ow.Jlhrb Low.High Low.Hiirh f, ,,w.Hlgh
Alabama-Cl. A, 8to 5, 1006. 105 -106¼ 106 - 106¾ 105 - 106>4 105 -105
·- - -
105 - 105½ 101> - 105~ 103¼-1~ 108½-104)4 103¼-.L03¼ 103½-104
104 -104½ 104¼ -105
g!::
it.·~rrMio:::::::::::: 1gg
:½~& 1~& :iro m¼=l~ 1gg :me¼ mg :½~ }&g :l&e ½t =lt 1~ =rn~ 1~ :mg i&J¼::rn~ ½8~ :mt¼mi :m¼
Class C 4s 1006
100 -100 .100 -100 100 - 100 101 -102¼ 100 - 100 100 - 100 100 -101 100 -100¾ 100 -100 100 -100,£ 101 - 101¼ 101¼-101¼
0s, 10-20s, iooo .. ::::·: ::::: : 101 -103½ 102 -103¼ 100 -108¼ 100 -102 102 -108~ 103 -104 102 -102¼ 101½-102½ 103 - 103 102 -102 101 -103¼ 100 - 10:l¼
A;!~i~~r:w~:ls~':/~ ·_
1io : 26 .. ·1io : 2o'· g : lg¾ ~ : 1Z 1Z : 1Z½ z _ii
i : ~ 8g -:: 8i 8g -: i8 8g :- 8i +
: 16¾ 18l O -: 1811
7s, Memphis & Little Rook 20 - 20 . . . • - . . . .
5 - 5
7 - 9
10 - 10
8 - 10
8 - 8
7 - 12
~::lii~·.t:lit.t·.~::.::· rn =~ ~ =~& ~ = ~~ i :½z rn. :½&.. . . . . •~. :- ½8.. . . ~5 -_ g ~: ~ g : lg ~ -1~ 1i :rn rn :w11
7s, Ark. Central RR . . . ... . . . . . . - . . . . . . .. - . . . . . . . . - . . . . 8 - 8
5
5 - 5
5 - 5
5 - 5
5 - 7¼ 8 - 6
~~m:~~7:~~~:s
o~~si~~: l~¼:fg&¾ ½88~:rng¼ 1gg¼::l~ mi ::½~ }~ ::}gg ½8:¼:f&g ½8~ ::}gg 1gg :}gg½rn~ : l~ }gJ ::l~¼ l8M
:}&~¼ rn~ =½8~
Stamped, 4s . . ...... • . . . . . . . 89 - 1}3
91½- 9~
89½- 91¼ PO - 91¼ 90¾- 91~ 90 - 90¾ 88 - !-8½ 88!,f;- 89
89¼- 00½ 90:)g- 91¼ 89 - 91
9LI - 00~
0
M.1~hT~~~~~~&oo:::::::::..
1~ :1~
Mtssouri-6s, 1888....... . 100 - 101
89
~:~~~a fui;i:v::i89i: :
Funding bonds, 1894-95 ... 1-•7 -108
18~ :1gg
100½-101
iii
100
:1rs
- 101
1rs ::1rs
101~ lOt
lgz :1gx 1~
102
½~¾:½~½
½~
107 -107 107
102 - 102
±8~ =½8~½ 107
f&~ ::½&~
·m:mg rn:~::l&g
-107 106 -107 106 -107
Ng:,l~~~~itt2~~~~:~~~l.::· Ui :m m¼::m n&¾::m¼m :½½8½½~
N~~·d~;~1'i~~as:oici:•·~ .-0e 1~¼:1~ 1~ : 1 ~ 1M : 1~ ~¾:ll~ 1~
6s. old, A .& o.. ... .. ... .. .
N.Ca r. RR., 1883-4-5 •...• ..
N.Car.RR., seven,ooup.off
N.Car. RR., A. & 0
. .. .
N.Car.RR., seven, coup.off
Funding a ct. 1866-1900 . . .
Fundin g a ct, 1868-1898 . . .
New bon ds, J. & J ., 18fl2-98
New bonds, A. & 0....... ..
85
170
140
170
140
10
10
20
20
- 85
-170
-140
-170
-140
- 10
- 10
- 20
- 20
85
170
140
170
140
10
10
20
20
~~:!~:i~:,!iassT18~il
1l
Special tax, class 2. .... . ... 10 - 10
Special tax, railroad lssue8 8 - 10
Consol., 4s, 1910 . • . . . . . . . 95 - 96
Sma.11 bonds . . ...... .. ... . . 93 - 95
1~
10
10
9i
93
1:
- 85
- 170
- 140
- 170
-140
- 10
- 10
- 20
- 20
36
170
140
170
140
10
10
20
20
:
-
.. a¼:
10 8 9i 92 -
1i
11
11
94
93
- 86
- 170
- 140
-170
- 140
- 10
- 10
- 20
- 20
85
170
140
170
140
10
10
20
20
- 85
-170
-140
-170
- 140
- lo
- 10
- 20
- 20
io ..
85
170
140
170
140
10
10
20
20
:}ro
:1M
- 86
-170
- 140
- 170
- 140
- 10
- 10
- 20
- 20
8: 8
- 5
-106
- flO
- 60
- 60
- 70
-10.2
_ ~
3¼- ~
106 - 106¼
59 - 60
511 - 60
1>9 - 60
6\l - 70
100 -102
90 - 92
.48 - 48
75 - ?5
40 - 40
60 - 60
8 - h½
u ~: 11~¾
103 -103
t8 - 48
75 - 75
4.0 - to
60 - 60
7 - 8
11~¾::11~½
... . - . . ..
18J :1gJ
101 -101
18g : 1~g
101 - 102
1.05
....
:105 · ·
. . ..
85
150
80
150
80
10
10
15
15
85
1; 0
140
170
140
10
10
20
2-,
85
170
140
170
140
10
10
20
20
85
170
140
170
140
10
10
20
20
- 85
-170
- 14.0
-170
- 140
- 10
- 10
- 20
- 20
½&~:½8! 107
½&1 ::½Si {8t ::½3! rn: :m 18! :1~¼l&§½:}8f
- 107 107 - 107 107 - 107 107 - 108 107 - 108
½88 :½~ mi :½~ 108 : 110 .. ioii :mi·· foi :1io.. ios :1io'" iio¼:liO¼
1~ :iig 1gg ::1~ 1gg ::1~ 1~ ::1
Jg 1gJ :iig 1~ : 1~ 1~½:1M -
85
170
140
170
140
10
10
20
20
:l&g¼
-107 107 -107
- 86
-170
-140
-170
- 140
- 10
- 10
- 2LI
. 20
3;;
170
140
170
140
10
10
20
20
- 85
-170
-140
-170
-140
- 10
- 10
- 20
- 2LI
- 35
- 170
-140
-170
-140
- 10
- 10
- 20
- 20
85
170
140
170
140
10
10
20
20
- 86
-170
-140
- 170
- 140
- 10
- 10
- 20
- 20
8¾- 8¾
105 - 106
67 - 5V
57 - 59
57 - 59
67 - 69
100 -101
91 - 94
S¾- 4
104
57
57
67
fl7
100
90
-106¾
- 60¾
- 60¼
- 60'4
-. 70
-101¾
- 92½
im- 4
106
60
60
60
70
104
95
½~~
::fig rn~ :½~¾ 1eg
3½- 3¾
106 -106¼
tH - 62
61 - 62
61 - 62
71 - 72
104 - 105
116 - 97
3¼- 3½
104 -104
62 - tS2¼
6?. - 62)4
62 - 6t¾
71¼- 72
102 - 102¼
95 - \J6
48
4,J - 46
70
70 - 70
85
82 - 88
50
5(l - 60
8
8 - ij
>f¼
: 11~½
103 - 103
48 - 48
70 - 70
- ....
· 50 - 00
6 - 6
12~ :1J½
- 107
- 62
- 62
- 62
- 72
- 105
- 98
- 85
-170
- 140
-170
-140
- 10
- 10
- Bl>
- 20
- 85
-170
-140
-170
-1411
- 10
- 10
- 20
- 20
··s : r ··;; :: ·s·· :::: : :::: 2.¼- i¼ g : 18 g : 1g
. . . . 7 ¼_
- 8 ~ 8 - 9½ 9 - 10
18 :: 18
··9 : 0·
10
10 - 10
g - 9 . .. . - . . . . . • . . - • .... . . . - ..:, .. . . _9
10
~- 10
9 - 9
7
8 - 9~ 8
8
o
94¾ 93 - 93¾ 93 - 94~ 98¾- 94¼ 92 - 92½ 9J - 94
93 92
92 - 93
P2 - 92½ 9i - 93
91 - 91½ 91½- 91½ 90 -
m :½~g 1ig½::m 1ig :U8 li~ ::l~ ½~ ::mg
nt':ii:½~ian"<i::Oii:cii;.:·•iis-:04
South <:arolina~s,aot Miu.
23, 1869,non-funct:.t} 888. 4
Brown oonsol., 6s, ll:ftl3 . . .. 104
Tennessee--6s, old, 1890-2--8 69
6s, new bdf!., 1892-'rS-1000. 69
6s, new series. 1914 . . . • . . . . 59
Compromise 8-4-5-6s, 1912 69
New Settlement, 6s, 1913. l/7
New Settlement, 6s, 1913 .....
io5 - 105° 18~ : 1gg
100 -100½ 101 - 101
0
: 1gg 1~ :1~
-10'.l:11! -100 -100
:½~½
8 - 8~
104 -105
62¼- 62¼
62~- 62¾
62½- 62¾
71 - 7l½i
102 -103½
00 - 00½
8
93
92
6
8 n, 8 - 10
92 - 93¼ 91 - 92
90 - 91
89 - 91
9 - 10
91¼- 92¼
90 - 90
rn: :fi~½½6~ ::mg ½~ :m m :m
3
104
61
61
6l
70
102
00
- 8¼
- 104
- 61~
- 61½
- 61½
- 70
-101
- 97
4-i
70
37
50
.. :;
-
3 - 3
104 -104½
61 - tll
ol - 61
61 - 61½
70 - 71
104½-105
96 - 98
3 - ::!¼ 8½- 4¾
105 - 106 105¼-106¼
61¼ - 62½ 62¾- 64
61¾- 62½ 62¼- 64
61¼- 62¼ 62½- 114
71 - 72
71½- 73
104 -104 103 -105
98 - UII
98 - 911¼
v[;~~t~tl:~:~:: ~~~~: ; =t ll~: ii i =! tr': ;u i =lt ii½: ii Ir': ir~ !& =i¼ U¼: ir i~ lg¼ :i =i~¼it H
6s,new bonds, 1867.... . . ..
6s, oonsol. bonds...........
6s, ex-matured coupons . .
6s, oonsol., 2d series... .. . .
6s, deferre_d bonds... ......
nfs~6~f~~~•a~:55;j,igi4
Fonding 5s, 1899 ..• . • •. . . .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
70
48
70
40
55
7
-
48
70
40
60
8
48
65
85
50
7
-
4d
70
85
50
8½
~ 9¼
. . .• - : : : :
I
nl :11~ .. :
100 - 100
48
70
33
50
7
8
::::
:
ng
40
70
37
50
6
-
48
70
87
50
6
48
70
87
50
....
48
iO
85
511
5
-
50
70
35
50
6
ur':u~ 107
nli :uW411~12~
- 107 107 - 107
105 -107
48 - 48
70 - 70
82 - 85
50 - 50
5 - 8
12g¾:&:.½
107 - 108
48 - 48
70 - 70
88 - 33
50 - 511
8 - 8
12~: 1ig
107 - 109
RAlLROADS AND THEIR SECURITIES.
PRICES
OF
STOCKS
AND
BONDS, 1884-1888.
Railroad construction in the United States in the year 1888 showed a remarkable decrease in mileage compared
with the preceding year, as the total of new road constructed was estimated at 7,000 miles, against 13,080 miles
in 1887. Int e year 1887 high-water mark waE reached in that great tide of railroad extension which swept over
the United States, beginning in 1885, after the panic and depression of 1884. The country bas witnessed since
the war three great periods of railroad extension culminating respectively in 1871, in 1882 and in 1887. In the
first peri9d the new construction for three successive years was 4,615 miles in 1869, 6,070 miles in 1870 and 7,379
miles in 1871; in the second period (as given in Poor's Manual) it was 6,876 miles in 1880, 9,796 miles in
1881 and 11,568 miles in 1882; in the third period it was 3,608 miles in 1885, 9,000 miles in 1886 and 13,080
miles in 1887. These figures for each year are the estimates of railroad construction published after the close of
each year, and they are the current figures continued in Poor's Manual.
From 1857 forward to the close of the civil wa·r 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 branch of industry, which went ahead with a steady increase every year from
1865 to 1871. From an examination of the record of railroad building and a reference to the course of financial
affairs in the United States during the different periods of railroad activity, it will be noticed how closely the two
have been connected.
·
The estimates of new mileage given after the end of each year are subject to corrections, but in Poor's Manual
these are allowed to stand as first given, and corrections are made in the figures showing total mileage in the
country up to the end of each year. It is to be observed, therefore, that the total mileage to the end of each
year is to be taken as based on definite returns, while the mileage constructed in each year is to be taken as an
estimate only.
The following table from Poor's Railroad Manual shows the progress of construction in each year from 1~30
to 1887, inclusive:Years.
1830 ... ...
J.831. ... ..
1832 . ... ..
1 833 .. .. . .
1 834 . ... ..
1835 .. ....
1 836 ... .. .
l 837 ..•. . .
1 838 ....
1 039 .. ....
1840 ..... .
1841. .....
1842 . .....
11-·43 ......
1844 . ...
Annual
Miles in
Increase of Operation
Mileage. End of Yr.
0
23
72
95
229
380
633
l,09~
1,273
1,497
1,913
2,302
2,818
3,535
4,026
4,1R5
4,377
134
15l
2 5 :~
465
175
224
416
389
5l6
717
491
159
192
Years.
IIncrease
Annual
of
Mileage.
~i--
1845 ..
1846 . .....
1R47.. ....
1848 ......
1849 . ••...
1850 ......
11-51. .•. .
1852 ..... .
1853 ..•...
1854 ......
1855 ......
18~6 . . ....
1857 . .... .
1858 ....
1859 . .... .
Years.
4,ti33
4,930
5,591-!
5,996
7,365
!-1,021
10,982
12,908
15,360
16,720
18,374
22,016
24,503
26,968
28,789
1860 ......
1861. .....
1862 ..... .
1863 ......
1864 . .....
1865 ......
1866 .•...
1867 ... . ..
1868 ......
1869 . .....
1870 ..• ...
1871. .....
1872 ......
1873 .. ....
1874 ... ..
---
256297
668
398
1,369
1 ,656
1,961
1,926
2,452
1,360
1 ,654
3,642
2,4~7
2,465
1,i;21
Annual
Miles in
Increase of Opt-ration
Mileage. End of Yr.
Miles in
Operation
End of Yr.
1,846
651
834
1,050
738
1,177
1,716
2,449
2 ,979
4,615
6,07-0
7,379
5,878
4,097
2,117 ,
--30,~35
31,286
32,120
33,170
33,908
35,085
36, 01
39,250
42,229
46,844
1'2,914
60,2fl3
66,17l
70,268
72,385
Years
187/l ...
Annual
Miles 1n
Increase ·of Oper ation
Mileage. End of Yr.
1,711
1876 ..•
2,712
1 877 ...
2,280
1878 . ..
2,629
1879 ...
4,746
1880 ...
6,876
1881. ..
9,796
1882 . .
11,568
1883 . ..
6,741
1884 ...
3,825
1885 ...
3,608
1866 ...
9,000
1887 ... -- ·
13,080
1888 ... •. (est.)7,000
74,096
76, 08
· 79,088
81,767
86,584
93,349
103,145
114,713
1 21,•l54
125,379
128,987
137,987
149,913
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 the last four years (fiscal not calendar
years) for each section of the country, with the total for the whole United States:-
I
Total
Cost of.Railroad
General Liabilities.
STATES AND TERRITORIES. 'Miles of
and
_ _ _ _ _ _ _ _ _ __Roa~·_ _,_ _
E_q_tu_·p_m_e__
n_t.._ _c
__a_p_it_a_l_B_to_c__k_._ __F__un_d_e__d_D_e_b_t_._
Year 1887.
New EnglandStates ...... .
Middle States ... ········...
SouthernStn,tes... .........
Western States .... . . ... ...
P acific States........... .. .
l
'"Miles of
Total Gross
Earnings,
Railroad
Earnings.
Less Operating
o_p_e_r_ated
__
· _________ _E_x_p_e_n_se_s__· ·-
__
1
1
6,684
t ~,430
23,342
90,070
8,473
$351,66i,247
1,847,712,97l
968,053,3:13
4,114,719,267
517,319,017
$225,927,174
1,1111,038,185
488,617,577
2, I 05,031,292
257,947,801
$139,905,746
1,083,700,507
550,931,218
2, 184,540,3a0
227,856,295
6,985
19,5~0
19,751
82,367
8,405
$66,324,051
264,700,889
87,137,963
469,834,779
52,153,020
$l!l,266,191
98,913,914
2 ,714,902
167,462,078
20,632,034
147,999
$7,799,471,835
$4,191,562,029
$4,186,943,116
137,028
$940.150,702
$334 ,989,119
$143,792,350
rn::i~
6,430
$61,653,718
75,655
:.l~ag~:igg
411,733,513
36,855,916
$19,880,203
91,042,454
24,620,360
149,035,711
16,024,836
'l.'otal United states. __ . -=13:..:3:..!.,6
::..0:..:6=--.,!._$:..:7..:..,2
__5:_4..:..,9:_9_5..:..,2_2_3_-'--'$c...3_,9_9_9.:...,5_0_8.:...,5_0_8__ __;$_3.:...
,8_8_2.:...
,9_6_6.:...
,3_3_0_--',___1_2....:
5 'c1_8_5
... _ ,--=.$_g2_9...:.,9
_ 4_0...:.,8
.-_3_6_
$300,603,564
Total United States. . . .
- -- - - - - - - - - - -1-- - - - - - - 1 - - - · - --- - - - 1 - - - - - 1 - - - - - -I•----- -
Year 18~6.
New En~land States.......
6,437
78,948•
rc::
l,~~g:~~~:~~i
1
l,i:~:i~~:ig~
3,817,865,486
467,097,903
1,99 8 , 6 9 6,.7 6 1
2 6 6 1 1 44 9 97
1', 993,68 1,315
7,644
219,6-16,100
6,339
----- -478,053,425
- - - - _________ , ___
-- - - - -- --
Year 1886.
New England States.......
~:r~tst:1as ::: ::::::::
we 1tern states............
Pacitu.: States .... _..... _...
~5i~:~ii:t~b
$335,636,655
~i:~~~
~igf~:r~tst~~s·_-_-_-.-:::::::
western states . ... . .......
Pacilio states............. .
6,412
I
$3~3,230,596
1
I
$~t0,569,398
6,476
1$~i~·n~,043
'416:306:~I~
5oi:~~tig~
3,679,615,783
1,884,345 ,473
1,915,530,991
73,521
_ _1_,_28_4-_\_4_5_6_,2_21,75·~]--2-47_,_4_16_,_29_7__ 1_ _ __2o_1_,5_0~,o80_ _ _5,83_5__
§g;g~t
74,854
·~~tg1aM
½~:1gg
1
'l:otal United states....
127,729
_$7,037,627,350
New EnglandStates.......
Middle State,;........... ..
States8 tb
:m ern
······•··••·
6', 405
1 8,256
19 826
1 '
$334,124,293
1,68 5, 141,987
839,398,967
3,5:.?0,173,233
545,716,01,4
~ t J n i t edStatea ....
125,152
$6.924,554,444
Year 1884.
;r:;i\f2sf!i!:~.:::::::::::: • tii1
$3,817,697,832
1·
$204,597,904
1,050,207,585
405,339,989
11,795,llt,437
307;359,771
' ~3.7fl2:R1 ~ 6
$3.765,727,066
I
$136,6!-16,843
980,215,773
479,ij22,988
11,836,286.~54
_ _236,293,914
$3,669,115,772
Tula i11 iue mllt'Rii operl\>~<l foi· wutcb earwuga are ¥ivenlin 1he ue t l Qlumn,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
123,320
~i::~tt~~; I
75,551,901
392,317,857
_ _3_3_,1_e_2_,0_7_8_1
$17,300,846
75,655 ,627
24,701,025
137,138,319
14,698,114
1
$':"72,568,833
. 6 , 4 0 5 -$58.558,91~
1
1 $16,513,814
77,150,187
. 17,520
222,307,819
23,831,483
17,025
69,857,988
135,216,U91
66,12_4
I 377,964,310 • 1
13,801,436
_ .o,09!~-34,617,57~
113,.112
$7F3,306,608
$2Q6~1 3,91 l
52
RAILROAD EARNINGS.
returns embrace, and at the same time affords an idea
of the magnitude and vast extent of the railroad
The COMMERCIAL .A.ND FINANCIAL CHRONICLE in its industry.
GROSS EARNINGS FROM JANUARY 1 '!'0 DECEMBER 31.
issue of January 12, 1889, had an extended article on
the railroad gross earnings of 1888, from which the folName of Road.
1887.
1888.
Increase. Decrease
lowing comments and tables are taken.
-----1----------------1 ----$
$
$
$
& Pacific __. __ ..
2,640,s;l32
2,979,178
330,346
In railroad history 1888 will be known as a decidedly Atlantic
_______ 2ss:osi
Bu1falo Roch. & Pitts. __
1,930,833
2,168,8fi7
poor year. Nevertheless, we find for that year some- Burl. Ced. Rap. & No . __ 2,88:i,775 3,005,962
------- · 122,1~7
731 ,814
Cairo Vincennes & Chio.
76~,550
32,736
· - ----what larger gross earnings than for the year preceding. Canadian Pacilio __ .. . __ . 13,196,0!)4 11,600,413 1,589,681
---· ---276,348
328,245
OapeFear&Yadkin Val.
···-····
51,897
The le!lgth of road on which the results _are based is Central of Iowa. _. . __ .. 1,381,262 1,352,526
28,736
Ches. Ohio&So.West ___ _ 1,999,382 2,001,7:.!3
-------· ··2:8¥i
of course greater, but that is not the chief reason for Chicago & Atlantic _. . _. 2,172,';'!H 2,213,'iOU
40,909
2,144,985
2,071,526
& Eastern Illinois.
··-----73,459
the appare~t paradox. The real explanation is found Chio.
536,106
Chicago & Indiana Coal_
441,772
94,334
_______ _ 5oa:i2,i
Milw. & St. Paul 24,8 63,000 25,366,124
in the fact that it is not the gross receipts so much as Chicago
63,469
Chicago & Ohio River_ . .
66.271
2,802
2,3:, 0,705
5-9i:444
1,731:1,261
St. P. & Kan. City_
the net receipts which have proved unsatisfactory, Chio.
Chicago & West Mich . __ 1,413,722 1,414.02'.~
. .Taokson & Mack . __ .
487,737
544,6t•3
-56:866 ----~~~
though in special instances even gross receipts have Cin
3.377,5 52
3,624 ,490
Ciii. N. Orl. & Tex. Pao _.
2-16,938
·26:52"2
Gt. South'n . _ 1,549;,93 1,575,'115
been disappointing. As we shall show below, the Alabama
New Orleans &No. E __
711,782
900,341
iss:559
-1fa.oi4
Vicksburg & Meridian_
•••.•••
l'i05,675
558,68 >'
volume of certain classes of traffic fell off decidedly; Vicksburg
608,007
Sh. & Pao . ..
568,734
39,273
---· --- ·
Rich. & Ft. Wayne. _
40-1,247
418,500
14,253
·-··••oo
at the same time the ra,ilroads did a very large business, CJn.
2,078,373
2,238,004
Cin. Wash. & Baltimore .
l59,631
------- ·
Akron & Col. . _...
102,470
545,359
647,8~9
_in many, if not most, cases surpassing anything before ~elev.
CJev. Col. Cin. & Ind __ ..
8,056,007
7,5 81,339
-------- 474:668
306,807
279,256
27,551_
known in their history. But the bitterness and strife *Cleveland & Marietta . .
_
·io:4.49 ______
340,121
359,570
Col. & Cin. Midland . ....
among the lines in the West was also almost unsurpassed, Col. Hock. Val. & Tol.. __ 2,978,556 2,764,283 214,273
3io:i53
________
Denver & Rio Grande. _.
7,983,419
7,673.26ti
and it is for this that the year will always be distinguished. Denver &R. G. Western. 1,365,736 1,181,325 184,411
1,147,160
Detroit Lansing & No . . .
1,0:i6,407
Rivalry and competition knew no bounds, and rates Duluth S.S. & Atlantic 1,469.882 1,465,230
··4:652
East Tenn. Va. & Ga. __ _ 5,607,470
278,000
5,329,470
were reduced to a totally unremunerative basis for long Evansville & Indianap
235,743
247,427
ll,684
-i6·,sa3
& T. Haute_ . .
84..3,l'i02
860,335
periods at a time. The effect is; that the same amount Evansv.
Flint & Pere Marquette
2,400,224
2,572,937
172,713
F'tWorth&Denv. City __ 1,091,963
719,068
372,895
of gross earnings now represents a greatly increased Grand Rapids & Ind._ •. ~,239,042 2,369,146
i3o:io4
Other lines. - __ ·- ______ .
166,311
202,277
-------·
35,966
volume of business, and hence an increased operating tGrand
Tr. of Canada
18,462,101 19,511,171
--······ 1,049,070
b
161,761
6,553
&-.Eihenand'
155,208
Hum·eston
........
cost; the larger mileage has also tended in that direction, Ind. Dec. & West ______ _
417,407
376,017
41,390
__
.
.•.
Ohio
&
Kanawha
275,~77
206,614
----68:663
and
besides which there were some special circumstances
4,018,142
* Kan. City Ft. 8. & Mem
4,209.509
408,633
253,311
265,286
•Kan. City Olin. & Spring
-·-·
11,975
conditions which during the year under review greatly Kentucky
Central. ____ ..
1.045,454
1,067,467
22,013
···-····
*Keokuk & Western ____ _
314,130
328,843
14,713
added to expenses.
189,373
164,821
*Kingston & Pembroke.
--······
-2i552
70,533
According to the detailed statement given, 103 roads Lake Erie & Western __ 2,157,864 2.0~7,331
Lake Shore & Mich. So . 18,033,936 18,?10,9ti3
677:027
232,55 ,.
249,103
have reported their earnings for the year (including Lehigh & Hudson __ ..
-iti,5"44 156-,3-i5
61:i5,336
8:.!l,651
*Little Rock & Memphis
a few on which the last week has not yet been received) Long Island . _. _. __ . _. _. 3,414,780 3,238,371 i76:409
1,023,989
928,730
Louisv. Evansv. & St. L .
'95;259
---·-· •.
and the total on these 103 roads foots up $386,626,292, Louisville & Nashville .. 16,02fi,342 16,042,170
16,834
2,259,471
2,246,978
Louisv. N. Alb. & Chio _
-------"i2:493
against $374,569,365 in 1887, being an increase of Louisv. N. O. & Texas . . . 2,424,303 2,'.;;43,212 181,091 ------69,804
88 269
rietta Columb. & No .
18'465 i110:067
$12,056,927, or about threQ per cent. The miles of road Ma
1,701,340
1,531.273
•Memphis & Charleston .
tMexican Central _. __ .• .
5,494,003
4,886,580
······represented was 70,912 in December, against 67,627 tMexican National. .. _.. 2,380,065 1,799,176 6Q7,4°23
---····
580,88tt
3, 875,350
3,683,420
Railway_. . .. .
· - ----- ·
191,930
miles in the closing month of 1887. In addition to tMexican
448,490
Mich. Cent. & Can. So . . . 13,716,000 14,164.4!l•
2,819,532
3,180,681
361,149
L. Shore & West'n.
these, 38 companies have reported their figures for the Milw.
1,085,648
109,510
976,138
Milwaukee & Northern .
& St. Louis._ .. _._.
1,491,3,-8
1,374.522
---- - --- . 116,866
eleyen months ending November 30; among them are Minn.
Mo. Kans. & Texas .. __ _ 6,228,454 7,343,586
1,115,132
& Ohio __ . . _. _.
2,579,644
2,::>!16,714
··•• · - ·
17,070
such large and prominent systems as the Pennsylvania, Mobile
N. Y. Cen. & Hud. Riv .. 35,283,584 36,296,0~ ,
---· -- · 1,012,440
1,550,169
1,685,909
Union Pacific, Atchison, Burlington & Quincy, Central N. Y. Ontario & West'n.
·------135,740
4,254.793
Norfolk & Western . _.. _.
4,871,380
---·---616,587
New Jersey, Central of Georgia, Chicago & Northwest, Northern Pacilio ____ ___ _ 18,041,201 13,854,319 4 ,186,882 ---- · - ·
Ohio & Mississippi . _•.. .
3,846,080 4,128,365
282,285
·1fr/iis ______ _
472,932
375,21ti
St. Paul & Omaha, Erie, Northern Central, and New Ohio River___ _ ---···-·
130,21 l
101,862
349
Ohio Valley of Ky .. _..• .
gross
earned
-i8:is1
_:~~
companies
38
York & New England. The
2,041,863
Pittsburg & Wes tern __
2,023,706
115,727
34,336
91,391
Prescott&Arizona · ent.
$412,602
or
1888,
of
months
eleven
the
in
$243,078,555
696,701
8 3,621
613,080
t Ri,·hmond & Alle~bany
4,391,121
4,587,5 U0
196,379
&Danville.
less than in the corresponding eleven months of 1887, Richmond
1,675,4.36
1,847,124
171,688
Virginia Midland Div.
870,4,16
911,583
41,167
the miles of road being 33,627, against 32,929. But 8~f&°ote:n~u:B1f~~634,486
562,934.
71,552
West. Nor. Car. Div ___
661,963
682,782
besides all these, 18 roads have furnished statements Wash. 0. & W. Div _
--3;064
121,995
11 H,93l
ll7,156
35,391
81.765
for 10 months of the year (embracing the Philadelphia & st~t~!!i~\t
962,480
37,635
924,845
1
3,072,55,
ioi:oii,i
.
..
Texas
&
2,670,563
Arkan.
L.
St.
Reading), with earnings of $50,726,555 against $51,160,- St. Louis & S. Francisco. 5,78 5,834 6/.t29,345
443,511
St. Paul & Duluth _. __ . _.
1,694,340
215,089
1.479,251
896, and operating 4,588 miles, against 4, 503 miles. St.
8,736, - 04
9,284,921
Paul Minn. & Man . . .
548:617
,t3(1
1,001
.
Pass
ns.
569,334
Ara
Ant.&
San
431,896
Altogether, therefore, we have returns covering 109,127 Shenandoah Valley .
66,301
902,863
8::16,562
-56:4.oi
855,489
911,890
miles of road, as against 105,059 miles in 1887, embracing Staten Island Rap. Tran.
Southern l:'aoilic Co_. __ 4f,000,O00 38,7r-O,OOO 7,250,000
_ . _.
6,207,709
6,407,108
199,399
in both cases a few thousand miles in Canada and Texas & Pacilio
535,75 :-1
152,709
68b,46~
Tol. A. A. & Nor. Mich.
November
l,UI0,33 ,
1,085,187
Mexico. Estimating the December and
105,145
Toledo & Ohio Central
84,394
970,73t
886,340
Tol. Peoria & Western _
-.ii:-125
results on the companies which have not reported for Valley of Ohio . __ ______ _
624,104
66fl,529
Wabash Western _____ _
661,822
5,767,051
6,428,873
one or both those months, on the same proportionate Western N. Y. & Penn _
3,183,73,
2,786,2b5
397,452
126,029
744,708
& Lake Erie _.
870,737
basis as for the preceding eleven, or ten months, we Whetilin~
3,723,108
Wiseonsm Central. .. _. .
3,814,755
Pl ,647
would get a grand aggregate of gross earnings on the
Total (103 roads) ___ 386,626,2P2 374,569,365 22 ,076,793 10019866
.. __ .. _.. . . __ . _..... __ .. 112.056,927
109,127 miles of road of $712,674,763 fot the full year Net increase _____ ._ .. . _. __
• -Includes three weeks only of December in each year.
in 1888, against $701,589,156 in 1887, or an increase of t To December 29. t Mexican currency:
The falling off m new railroad construction consti$11,085,607. Mr. Poor reported the total length of
road in the United States at the _beginning of 1888 as tuted an unfav~rabl~ feature nearly all through the year,
not quite 150,000 miles, and the gross earnings on not only in diminishing the amount of construction .
136,986 miles which had made returns to him for the ma~eria! t'O be carried, but in various other indirect
fiscal or calendar yea.rs ending in 1887, aa $931,385,154. ways, such as reducing the quantity of the raw material
Thia shows wha.t a, la.rge proportion of the whole the -which perchance has to be hauled a long distanceRAILROAD GROSS -EARNINGS IN 1888.
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Federal Reserve Bank of St. Louis
*· ~e~i~t.
RAILROAD
58
EARNINGS-RAILROAD BONDS.
needed in the manufacture of the construction materials.
In the tonnage of agricultural products there was a
sharp falling off, though of course here and there some
exceptions to the rule are to be noted. This statement
applies both to cotton and to grain. At the principal
lake and river ports of the West (not counting
Minneapolis) the receipts of wheat in 1888 were
only 60 million , bushels, against over 82 million
bushels both in 1887 and 1886. The decline at
the se~board cities is even more striking, the
receipts for 1888 reaching only 39,177,045 bushels,
against 85,682, 217 bushels in 1887. At these seaboard cities there was also a considerable decrease
in flour, the arrivals having been 14,386,185 barrels,
against 15,669,047 barrels in 1887. The loss in wheat
has been in part offset by gains in corn and oats;
nevertheless, the aggregate receipts for all the cereals
(not counting flour) stand at only 135,728,134 bushels,
against 178, 081,014 bushels in 1887 a:Q.d 198,421,021
bushels in 1886. · At the West, the loss in wheat has
been more than overcome by the gains in other cereals.
Thus the corn receipts have increased from. 80 million
to 103 million bushels, and oats from 72 to 85 millions.
The roads which as a class have done bet ter than any
others are the Pacific or trans-continental roads. The
anthracite coal roads have also had a prosperous year,
as the output has been very largely in excess of any
previous year, and the companies were able to market
the product at good prices. In the Northwest and
Southwest the falling off is -very heavy. Among the
roads which have as yet reported for only eleven months
the Atchison loses $2,700,000, the Quincy almost
$3,800,000, the Northwest over· $1,000, 000, and the
Omaha nearly $400,000. . For the full year the St.
Paul is about half a million behind and the Missouri
Kansas & Texas over a million. The Eastern and
Western trunk lines have as a rule sustained heavy
losses, though the Erie for the eleven months shows a
small increase and the Pennsylvania an improvement of
over 2½ million dollars. Southern roads are able pretty
generally to report an increase, notwithstanding the
yellow fever and the smaller cotton movement.
PRICES OF RAILROAD BONDS.
The following compilation of monthly highest and lowest prices of railroad bonds is made up from sales at the
New York Stock Exchange. The order of classification on the Stock Exchange Quotation List is followed to a
great extent, though an exception is made in placing income bonds under the name of the company to wbic~
they belong, and also in bringing bonds from the "Free List" and placing them in alphabetical order in the
table, where they may be found under their proper title. Wherever there has been but a single sale in a month,
the price so made is given as both the highest and the lowest. All the prices in the tables following are compiled
from actual sales at the Board.
•
JANU ARY FEBR'RY.
BONDS.
- --
MARCH. .
1884.
APRIL.
MAY.
J U NE.
J U LY.
- - - - - - •- - - - - --1- - - - 1- - -
-
A U G U ST. SEPT'BER, O CTOBER. NO V' B E R . DEC' BER.
l- - - - 1- -- - -- l·- - - · I- - - - - - - -
Low.High Low.Hhth Low.High Low.High Low.High Low.High Low.Hl11:J1 Low.High L()w.High Low. H ig h L ow.High Low.High
- - - - - - - - - ·- - - - - - - - - -
- - -- - - - - -~- · - --
--
- -- - - --
- - - ----
Alle"u.ny Cent.- ll!lt .... 6 97½- 98 ... . - ........ - ........ - .. .. .. .. - .. .... . . - ........ - .. .. .... - .. .. .. .. - ... ... .. - .. .. .... - .... .... - .. . .
Alb. & Cb. Can.- lst.. '7 .. .. - . . . .. - .... 111 - 111 .. .. - .. .. .. .. - .. .. .. .. - .. .. . .. . - .. .. . . . . Atlantic & Pac.- lst .. . 6 92¼- 98½ 92 - 92¼ 91¾- 91¾ 90½- 91¾ 91 - 91
67 - 89¼ 67 - 80
75 - 84~ 80 - 81¾ 74 - 79
75 - 70
78 - 81
West. Div.- ln<"cnne .. 6 17 • 22¾ 18%- 19¼ 17¾- 28¾ 19 - 20¾ 12¾- 18¾ 7 - 12¾ 10 - 15¼ 14 - 2S
15 - HJ~s 14¾- 18
14¼- 18¾ 16¾- 10
Bait. &0.- lst, P.Br .. 6 115¼-116½ 116¾- 116½ .... - ...... .. - .... US - 118 .. .. - .. .. .... - .... 115 -115 116 - 116 .... - .... .. . - ... . .... - .. ..
Bost. H. & Erie.- ::a st .. 1 15 · 15 13 - 14¾ 14 - 15 . .. . - .. .. 14 - 14¼ 10 - 10 10 - 12 .. ..
.. lZ - 12
10 - 10 .. .. - .. .. .. .. - .. ..
Bur. C.R. &N.- lst .. . ~ 100 -101¾ 101~- 102¼ 102¼- 105 108 - 104 102¾- 104 95¾- 101 1!17 -101¼ 100¼ -101½ 10()¼- 108¾ 101 - lOS½i 102¾- 108¾ 100¾-102
Cons. lst&c.tr.1934 .~ .... - .... .... - .. .. ... . - ...... .. - .. .. .... - .... .... - ·. . .. i:5¾- 85~ 86 - 86 .. .. lowa.C. & W.- lst ... '7 .. .. - .. . 112¼-llS¾ .... - .. .. .... - ....... . .
Ced. R.I.F.& N .- 1st 6 88 - 88 .... - .. ..
104¾- 104¼ .. .. - .... .... - .... 108 -108 .... - .. ..... . - ........ 1st, 1921 .. .. .. .. ..... ~ ii7 - 98 .... ~ .. .. ~l - 95 92¼- 92½ 92 - 92 .. .. - ...... .. -: . .. . 811 - 90
87¾- 87¾ W ¾- 90¾ .... Buff.N. Y .& P.- lst .. .. 6 97 - 98 97 - 97 95¼- 07 95 - 96½ 96 - "6¾ 9-i - 94¾ .. .. Gen. mort ... . .... .. .. .. 6 .... - .. .. 88 - 92
88¾- 88¾ .. .. - .. .. 87 - 8~ .... Carolina Cent., lst .. .. 6 .... - .... .... - .... lOQ¾ -100½ 100¼-100½ 100 -100¼ .... - .... .. ..
Central Iowo.- tst .. .. .. 7' 99 - 106½ 98 - 106 106 -107¼ 107 - 107½ lO'i¼--107¼ 100 -106 100 - 100 97 -101
97 -100¼ 98 - lCO 100 -102 100 - 100¼
EnsternDiv.- lst .... 6 79 - 80 80 - 81 81 - 84½ 80 - 81 78 - 79.½ .. .. - ...... .. - .. .. .... - .... oO - 60 .. .. - .... 70 - 70 .. .. Illinois Div .- 1st .... . 6 ... - .... .... - ........ - ... . 80 - 80¾ 67 - 67¼ .... - ........ - .. .. .. .. - .. . .. .. - .. . . 58 - 58 .. . - .. . . .... Cent.RR.ofN.J.- lst .. 7 115 -117¼ 112:1(-114 118¾-114¼ 118 -115 118 -114 llSJ,,(-11-tl,i 114 -114 111 -112 111 - 112 112 - 112½ 112¼- 118¾ 118 - 114
Consol., assented ..... '7 lll¾- 112¾ 112½-115¾ 115½-118 113¾-115¾ 98 - 112¼ 101 -105 101 - 108 107 -108¼ 10! - 105¾ 09¾- 104¼ 98½-102 09%-102¾
Conv., o.ssented .... .. . '7 118 - 118 ll:J¾- 116 117¾-118~ 117:J.(- 118¼ 100 - 107½ 108 - 104 102½- 107 106¾- 108¾ 100¼- 106~ 100 - 107¾ 98 - 100 98)4- 102
Adjustment .... .. .... ... '7 104¾-106 11)5!',(-109 108¾-110 107¾-110 100 - 105 108 - 105 104 -107 106½- 107 108½- 105 102 -105 99 -100¼ 100¾- 102
Conv. deb . ... .. .. .. ... ~ 86 - 8::s 88½- 91
90½- 95¾ 95½- 00
89 - 89
- ... 75 - 75
70 - 75
70 - 75
67¼- 67¾ .... - ••. .. . - .. ..
Income ... .... ........ : ., IJO - 97 98¼- 98½ 99 -102 101 -101
99 -104 .. .. - ........ - ·.. .... .. - ..... . .. - ........ - .. .. . ... - .. .. .... - .. ..
Leh.&W.B.- Assent 1 :02¾-104 104 - 1077Ai 106¼-107¼ 104 -106½ 94 - 105
90 - 117
80 - 95
96 - 98
92~- 95½ 95 - \ifJ
91¼- 98¼ Sil - 06
I nco1ne .. ...... .. . ... ... '7 .. .. - .. .. .. .. - .. .. .. .. - .. .. 80 - 80
75 - 75
80 - 80 .. . - .. .. . . . - .. . . .. .. - .. .. .. .. - .. .. .. .. - .. .. 74 - 75
Am. Dock & Imp ..... . ~ 80 - 89 .... - . .. . 91 - 98 - 92 - W¼ 89 - 90
88 - 89
85¼- 88 .... - ... 88 - 88
87 - 88 ... : - .. .. 85 - 85
Ches.&0.- Pur.M.fd .. 6 illJ¾-118½ .. .. - ...... .. - ....... . - .. ...... - .. , .... . - . .. . .. .. - .. .. .... - .. . . ill¼-112 1.12 - 112 .. .. - .. .. 118 - 118
Series A .... ... ......... 6 110 - 112 109¾-111 llQ¾-112¼ 109¼- 112,4 100 -113 8S -109 94½-112 111 -lll r.. 105 - 105 102 - 105 102:¼-1C4 108 - 105
Series B .. .... . ... .. .. . 6 0 3 - 93 98 - 102 101½-106 103 -105 89 -102 72½- o; 81 - oi 87¾- 02
f 2 - 87¾ 78 - ss~ 72 - 79
71¾- 777,4
Currency............ .. . 6 46 - 50
48¼- 58
50½- 56¾ 51¼- 5:>¼ 88 - 52½ 26 - 89½ : 26¼- 86
81¾- 86Y. so - 82½ 27 - 81½ 25 - 2~ 25 - 29
Mort., 1911. ... .... .. .. 6 101!14-102 102 -102¾ 102¾-104 101 -101¾ 99':(-100 .. .. - ........ - ... .. ... - .... .... - .... 94¼- 95
Ches. o. & S. W ..... ~-6 87¾- 87¾ 86 - 87¼ 87 - 88¾ .. .. - .. .. 85 - ~½ .. .. - .. .. .. . - .. • . 77 - 78 .. .. - .. .. .. . - .. .. 66¾- ';0 70½- 71
Chic. & Alton-1st .. ; .. ')' . .. . - .... 118¼-119 11$¾-118¼ 119 -120 117¾-117¾ .... - .. .. 11~ -116 .... - . ... 117 - 117 117¾-118 118 - 118 120 -120 .
Sin.kin,i fund .... ...... .6 114¾-114¾ 116 - 116 116 -116¾ 116~-116~ .... - .. .. .... - ........ - .... .... - .... 117¼- 118 .... - .... US -119 119½- ll{l½
Lou.&Mo.Riv.-lst.1 .... - .. .... .. - .... 118 -119¼119 - 12()¾1l5¼-115½;ll4l't-llt3 114 -117¼ .. ; . - .. .. 118 -118 118¼ -119 118¾ -118¾ 110 - 120
2d, i.900 .. ... .. .. ... 11 11. . . . - . . . . . . . .
. . . . 112
-115 .. ; . - .... 112¼- 115 112¼-112¾ ::.16 - 116 115- -115 .. .,. - .. ... . .. - .. ..
St. L.J.& Chic.-lst .. 7 1117¼-118 118 - 118 119 -119 .... - ... . 115 -115 115¼- 116 .. .. - .... 117¼-117¾ 118 - 118 . 116¾- 117 115!,i-115¾ 1_18 -118
. 1st "uar. (~64) . .. ... 1 .. - .. .. .. .. - .. .. .. .. - .. .. u ~-116¾ .. .. - .. .. 116 -116 116 -116 . .. . - .. .. .. .. - .. .. .. .. - .... 115¾-115¼ .. .. ~ 2d, guar. (188) .. ... .,- .... - . . .. .. . - .. .. .. .. - . ... . . . . -: .... .... - ...... - .. .. .... - .. ...... - .. . . .. .. - .. .. .... - .... 118 - 118 .... - .. ..
Chicaiio & A tlan.-:ld .. 6 . . . . - . . . . 90 - 90 88 - 90 877k S9Ji 88 - 88 . . . . - . .... .. . · - . . . . . . . . - . . . . . . . . - . . . . . . . - . . . . . . . . - . . . . . . . . - . .. .
Cbic.B.& Q.-Consol. .. 7' 128¾- 129¾ 129¾-130~ 130 -180¼ 129¾-:130¾ 128':(-180 125 -129¼ 121 · -125 125 - 126~ 126 -127 127¼-129 12t-½ -:-129 180 - 132
Debenture .... ........ .:; 91 - 937Ai 93¾- 96¼ 95 - 977Ai 97½- 99¾ 91~- 95½ 88 - 9S
00 - 98~ 98 ' - 96~ 94M- 95~ 95¾- 97~ 89¾- 96¼ 96½- 98
IowaDiv .... ... .. . .. ... :; .. .. - ........ - .... .... - ..... ... - .... 108 -108 106 -1~ 104 -104¼ .... - .... .... Iowa Div ... .. . .. .. .. .4 90¾- 91
91'1(- ~ .... - .... 94¼- 115
90 - 94¼ 89 - 90¾ 88 - 89 .. .. - .... 90 - ~ 00½- 91
l}l - 91
92¾- 98~
Denver Dlv., 1922 .. . 4 90¾- 91 87¾- 90½ .. . . - .... 90 - 90 ~ - 90½ .. .. - .... 86¼- 88M 86¼- 87 . 88 - b8 88 - 90 90 - 90 ... . ·_
Plain ........ .. .. .. ... .... 4 88¾- 88¾ 85 - 85 88 - 88 .. .. -: .... 89 - 89
Chic. & E. 111.-lst, s.f.6 98 - 98¼ 98 - 98 JOO -101 102 -102 100½-108 00¾- 100· ~-100 100 -108¼ 104 -104 101 -104 105 -105 108 108
Chic.Mil •• St.P.-lst.S .132¼-188 180 -131 1.31 -181 131 -132¾180 -188 .... - .... 188 -188 129 -180 .... - . : .. 129¼-129:¼lSO_ -180
~d ... . .............. '7 3-10 128 -128 120 -120 120· -120¼ .••• - ·.. .. 120 -121 119 -119 118 -llf' 116½-119¾ 120 -120 121 -121 119 '-110 121¾-121~
1st, aold .. .. .. .. ...... ... ')' 128¼-125 124¾-125 126 -129½ 128 -129 124l't-l28 127¾·127¾ 122?,rl:M; 122 -12t}¼ 126½-l~ 125 - 128¾ 125½-127½ 125 - 125
1st LaCroHe Div .... 7 116 -116¼ 116¾-11~ 118 -120 119 -120 116 -120 · 118 -111»,( 114 : 116 _116 ·-117 117 -119 117 - 117 [116¾-117 117 - 120
.t stl.&M.Div ........ 7116¼-117 118 -118 119 -119 . 1 •• - .. . . . . . . - .. .. 116 -121 112¾-116!,(116 -117"116¼-117 117 - 117¼118 - 119¾119¼-l l ~
1st I. & D. Div .. ... '7 ... . - .... . ... - ..... .............. - ........ - .... 12H'-i21¾ 11~; 1~7 119 -:-120 .... - ..•. 121 -121 .•.• - .... 122 -122
1st c. & M. Div ... .. . . ,,_ 122¼-~ ... : ·- .... · .. . - ..•. 128%--180 100 -1~ 26 .1.96 121W122 124 ·-124 • 125 -126· 125 . ..:1~6 1.29 -129 .. . - . ••
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Federal Reserve Bank of St. Louis
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RAJLROA.D
54
BONDS.
1884-~ontlnued.
BONDS.
---- - -
-
MARCH.
MAY ,
JUNE.
SEP T'BER . O CTOBER. N OV'BER. D EC'BE R.
- - - - - - - - - - - - - - -- - -AUGUST.
- - - ·---- ---- - - - - JULY.
ow. H igh Low. High Low. H igh Low. High
L
High
Low.
High
Low.
High
Low.
High
Low.
High
Low.
High
.
Low. High Low. High Low
---- - - - - · · -- - JAN UARY FEBR' RY.
- --
- --
Chic.Mil.& St. Paui. lst So. West Div ... ... 6
1st La C. & Dav .... . . ;'S
1st So. Minn. Div ..... 6
1st H. & D. Div .... ... 7
Chic. & Pac. Div .... .. 6
Western Div .. .. .... . ;'S
APRIL.
109 - 111 11~-110¾
. ... - ........ - ... .
106-¼-109 109 -110¼
117:1(-119½ 119¼-120¼
114J4-114% 114½-115
93¼- 96¾ 96 - 97¾
95 - 96½ {)6 - 96
92½- 96¾ 94 - 96%
Terminal .. ... . ...... .. ;} .. .. - .. .. .. .. - . .... . .. - ...... . . - .. .. . .. - .. . . .. .. - .. .... .. - ...... .. - ........ •· ...... .. - .. .. .. - . ... .94¾- 94¾
Chic,&N.W.- S.F. ..... 7 106½-106¾ .... - ........ - . .. . l C4¾-104¾ .... - .. .... . . - .... .. . - .... 102½-102½.. - .. .. . . - .... 108½-104 .... - ....
Consol. .. . .... ... ....... . 1 182 - 183½ 182½-188 182½-184 188 - 184 182)4-182½ 127 - 127 180 - 1:: 0 lSl½-188 181¼;-188 132¼-188 182 -1 cs 184 -184
1st mort ..... ......... .. 7 106¾-107 103½-104 194 - 104½ lu4½-104~ 104¼-104¾ 104 - 104½ 1()5¾-105½ 101¾-102 102)4-108¾ 103 -104 108¾-104 104 -104¼
Gold, coup .... ... ....... 7 124 -lll5 125 - 127¾ 127½-128 128 - 129 128 - 129 120 -1 23 121 -124 128~125 124 - 126 125¾-126½ l.25¾-128 124½-126
Gold, rear .. .. .. . ......... 7 128½-124 125½-126½ 127 - 127 127½-129 128 - 128 125 - 125 128 - 123 .. .. - ........ - ... . 126 -126 125½-125½ 124¾-125
Sinkin,r fund, coup .... 6 110 - 110¾ .. . - .... 111½-l ll½ 110 - 110 112 - 112½ 111 - 112.¼? 112 - 112 112 - 112 113 -llJ 109 - 110)4 108 -110 110½-lll
Reaii8tered . ....... ... 6 110 - 110 .. . - .. .. 110½-110½ 110 - 112 .. .. - ........ - .... .. .. - .. ...... - ........ - .... 109 - 109 109 -109 110½-110½
Sinkinai fund, coup ... ;'S 10;3 - 103¾ 108~ -104¾ 104¾-105 102½-108½ 101 - 108½ 98 - 108 98 - l02½ 101 -102½ 102¾- 108.¼? 100½-101)4 10()½-101 102½-108¾
_
Reaiistered . ...... .. . .l 108¾-103¾ .... - ... 105 - 105 1081,(-108¾ . . .. - . .. . .... - .... 101½-101½ .... - ........ - ........ - ........ - .. ..
94 - 95¾ 94~- 95¾ 95J.F97¼ 03¼- 95¾ . 94½987,r 95¾ 94¾- 977~ 97 - 00¾ 90 - 00¼ 90¾- 9S½ · 91 - 94
Debe uture .... .... . . .... ;l 92½- 94
_ 94
98
931~
91
94¾
93
92½
92
2~ yrs. deben., 1909.;'S .... - ........ - .. .. .. - .. .. .... - ........ - ........ - ........ - ........ - ....
.... - ........ - .... .. .. - .. ..
Des.l\'l,&Min,ll!lt . .. .7 ... - .. .. .... - .... 126 - 126 127 - 127 .... - .. ...... - ........ - ........ - .. . .... 106¼-110 107 -109
9~- 98½
92 - 93
106½- 107½ 109 - 110
.. . - .... 117¾- 119
110 - 110¾ 110½- llS½
03 - 93311 93-'-(- 96
Mineral Point ......... ;'S 90½- 91¾ 90'1Ai- 98
Wi8,& Min. Div ...... ;} 00 - 92¾ 91½- 94
109 -112
95 - 97
110½-112
121 -128
118¼-114
97~- 99'(
04¾- 97¼
98¼- ~
US - 114
100 -100
112¼-113½
128 -1 ~
114¾-115~
W -101
971,4-101~
9~- 101¾
.... - . .... . . .
. ... - ..... . . .
110 -118½ 105
...• - . ... 116
. .. . - .. .. 114
94 - 99¾ 92
93%- 911½ P3
94¼- 9'i'¾ 92
- •• •. 106 - 106 107¼-110
- ...... .. - ... . 92½- 92¼
- 110½ 101 - 107 108 - 110
-118 115¼-115½ . . .. - .. .
- 114½ 110 -110 111 - 111
9!) - 00
- 97¼ 92¾- o:;
04½- 94½
90½- 01
- 95
91¾- 94
• 96 _89½- 92
110 - 110
... 107 -109
118½-110
118 - 1 !8
94 - 95%
94 - 95½
02¾- 04 i..
llO½-lll¾
96 - 96¼
107 - 108½
117½-119
118 - 113
1!8 -- 95¾
95¾- 96¼
92½- 94
go ..
- ........ - .... ... _ ..... . .. _ .... .... - .. ... . . - .. . . .... - .... . ... - ........ - ........ - ....
Iown.Midland- l8t ... 8 181½-131½
Chic.& Mil,- lst .. .... 1 .... - .... 121),(-128 12S - 124½ 119 - 110 120 - 120¾ 120 -125 118¼-122 .. .. - ........ - .... 122 - 122½ 121)4-124
.~~:;!~~ =1~~ ~~%=1~~~ ~~:~=~:
~~i:~~~~ -~~~~•.-:-:~
~~.: '=1~ ..
~~~
=l~~.
124
!:~~~~-; ~~¾=1~~ !~~=~~~¾ ~~~!: ~~=1~~ ~~! =~~;½ ~~
_ .. ..
-125
=1~ ..
Mil. & M~d.- lst .. .... 6 .... - ........ - ........ - ...... .. - .. .. 1.14,¼- 114~ .. .. - ... ... - ........ - ........ - ...... . . - ........ - .. .. .... - ....
- .... ... . - .... .. .. - . . . . .. . _ ........ - ........ - .. . .... - ........ - ........ - .... .. .. - . . . .. . - .... A9½-100
Ottum. C, F. & St. P . .l
Chic, R,I. & P,- Coup .. 6 126 -126¾ 126 - 127 126 -127 126¾- 127.½ 126½-127½ 126 - 127~ 128½-124 124 -126 124¾-126 125 -126 125 - 126½ 125½ 128¾
Reari8te1•ed . ...... .. • .. . 6 .... - .... 126½-126½ 125½-126½ 126¾-127 .. .. - . ... 126½- 127 ... . - .... .... - .... .. .. - .. .. 124¾- 124¾ .... - .... .. .. _ .. .
Keok'k&DesM.- lst,li .... - .... 104 - 107 105 - 107 102 - 103% 102 - 102¾ 96 - 102 102 - 105 102 - 105 105 - 105 .... - .. .. 103 - 103 .... - .. ..
90 - 91½ 92 - 92½ .. .. - .... 85 - 85 .... - ...... .. - .. . .. - .... .. . . - .. .. 05 - tl6
Chic,St,L,&Pitts- lst . .l &!¼- 92¾ 00 - 91~ 92 - 94
C,St,P.l'tl.&O,- Cons .. . 6 107%-109¾ 109½- 111¾ 111½-113¾ 112¾-113¾ 109 - 118¾ 100½-111 108 - 111¼ 110½-112½ 110 - 112 111 - 112 111 -112½ 109½-lll ¼
Chic.St,P,&lll,- bt .. 6 116 - 116½ 118 - 118¾ 119 -120 119 - 120 115 - 118½ 113 - 115 118 -116 116 - ll'i 118 - 118 117 -118 115½-115¾ 116½-110¾
St. P. & S. City- lst .. 6 115¼-116½ 1163-1-118 118½- 120 116 - 117½ 114 -117 114 - 117 114½-116¾ 117 -118 117½-119 115½-·116 115½-116 116¼-116½
Ch.& W ,lnd,- Gen.m. 6 104¾-104½ .. . . - .. . .... . - .. .. .. .. - .... 108 - 108 .... - .... .. .. - ..... . .. - ....... - ........ - .. ...... - .... :i.oo -101¾
.. ...... - ........ - ........ - ........ - ........ - ........ - .... no -112
Oin.&Spr,-Guar.ls t .7' no - 112 . ... - .. .. 116 -116 116 - 118 ....
Cl, C, C,& 1,- lst, s. td,1 119-;14-119~ 121¼-128 128 - 124 12$¾- 125 us - 1~0 120 - 120 117 - 117 .. .. - .... 122 -124 124½-124½ 121 - 121 .... _ ..
Com1ol.. .. .. ... ........ . .. ,- 118½-118½ 1187k12l¼ 121 - 128¼ .... - ... 118%-120 .. .. - .. .. 115 - 115 115½-117 .... - .... 120 -120 ... - ........ _ ..
General cons ... .. .. .. 6 .... - ........ - ........ - .... 109½-110 106½. 106¾ .... - .... 108 - 108 .. .. - .. .. .. . - .. . .. .. - .... 101½-101½ 102 -102
. . . 59 - 59 55 - 59
58 - 58¾ . .
57 - 60
ix, - 60
64¾-- 68¾ 54 - 61
Col, Coal & 1.- lst,con.6 69 - 71% 67 - 70¾ 70 - 75½ 69½- 76
65 - 67½ 67 - 67
i0 - 70 ... . - .. .. 66½- 68 .... - .. .. 60 - 60
Col.H, Val.& T,- lst ... ;'S 79 - 79½ 79 - 81¾ 79½- 80½ 79 - 80¼ 77 - 79
Cu1nberl'd & Pa.- lst,6 .... - ........ - .. .. 103 - 108 . ... _ .. .. .... _ .. .... . - .. .. ..'! . - ........ - ........ - ........ - . . .. ... - ........ - •.•.
Del.&Hud,C,- lst,'84 .110()7/4-101½ 102 - 102¼ 102 - 102¾ 102¾-10-- ™ 102%-102¾ 108)4-108¾ .... - ..... . .. - ........ - ........ - ........ - ........ - ..• .
7'8, 1891 .............. ... 1110 - 112½ 112½- UA 115 - 115 ll4 -! 15½ 114 -115 115¼-117 112 - 116 114¾-115½ 114½-115 114 ,-115 115 -116 .. .. _ .. ..
Extension, 1891 ... ... ,,.- .. .. - .... ll2½-l l l;·X? .... - ........ _ .. .. .. .. _ ........ - ........ - .. ...... - ........ - ........ - ........ - .... 112½- 113¼
Coupon, 1894 ... - .. .... 1 ll6 - 117 118¾-119½ 119 - 119¾ 117½-117½ .... _ .... 114 - 115 115 -116 lll_¾-117½ 116 -116 118½-114½ 115¾-115¾ 116 -116
.. ...... - ....... . - ... 117½-117¾
Reai,, 1894 . ..... ...... .1' 118 - 118 118½-119 .... - .... 117½-117¼ .... - .... 1! 5 - 115 .... - . . .. 118 - 11 8 ....
Penna. Div,- Coup .. .. 7 .... - .... i29½-lS2½ 181) -180 181 -181% .... _ .... . ... - ... 125)4-180 180¼ - 130¼ 12.'3½;-126 130 - 130 180 -180¾ 180½-182
.. ...... ·· ........ - .... 180 -180 .... - .. ..
. .. . 181½-Ui!l½ .... - ..... .. - . ... ....
Penna. Div,- Rear .. .. 7 .... - .. .. 180 -180 181 - 181 ....
Alb.& Susq,- bt m .. 7 110¾- lll 110%-110'¼ 111 - 111½ 112 - 112½ 111%-111¾ 111½- lll½ .... - .... 110 - 110 .... - .... .. - .... .. .. - .... 111 -111
105 - 105 102¼-102¾ .. .. - .... 10$¾-108;14
-104
104
Zd mo1·t .. .............. 7 104½-104½ .... - .... .... - .... 108½- 103½ 102 - 108½ 101 - 101 108;14-104
Wlst, con.,aruar ....... 7' 122 - 122 .... - .... 125 - 125 127¾- 12i½ .... _ .. .. .... _ ....... - .. ... . .. - . . . . .. - ........ - .. .. 125¼-125½ .... - .. ..
hit con, aiua1· .. ... .... 6 .. .. - . .. . ... . - ... 117¼-117½! 114¼-115¾ 115½-115½ 115¾-115¼ 115¾-116 115½-116 115 - lUi 112 - 112½ 112¾-112½ 112¼-112½
.. .. 135 -135 184 -184 182 - 188¼ .... _ .. ..
Rens. & Sar.- Coup .. 7 . . .. - ........ - ..... .. . - ....... _ .. ...... _ .. .. .... _ .. .. .... - . ... ....
Oel,Lac.&W,- Conv,1 .... - .. ...... - .... 117 - 119½ .. .. - .. ..... - .. .. 117 - 117 . ..• - .. .. . . .. - ....... . - ........ - .. ...... - . . ...... - .. ..
126½-126¾ 129 -129 130¾-180¼ 129¾- 182
128
Con., 1901' .. ···· ... .. .. 7 .... - .... 182 - 132 181 - 181½ 130 - 181 180 - 188 .. .. - ........ - ... 128
lSyr,B'n.&N,Y~, l11t .. 7 127 -127 .... - ....... - .. ...... _ .. .. .... _ ........ _ .. . . 120 - !20 .... - .. .. ... - ....... - .... 128 -123 124 - 124
lUonis & Ess ex- lst .7 185 -187 189 - 189 188½-1 ~ 1$8¾-140 188 - 185 133 - 188 185 -'185 185 - 185 185½-187 13i:I - 188 .... - .... 185½- 185J.2
2d mort . . ........ .. ... 1115¼- UB½ ll3½-1U 114 - lH 114 · - 114:l,( 114 - 115 114 - 115 ... . - .... 110 - 110½ .... - .... 112 - 113½ 118 -114 114¾-114½
7s, 187'1. .. .. .......... 7' 120 . - 121 122¼-128 128½-125¼ 12s - 128 128 - 128 128 - 123 .... - ... . .... - .. . . .... - ....... - .... 120 -120 .... - .. ..
Consol,, aiuar .. .. .. .. .7 124 - 12431! 124½- 128 128 - 128½ 128½-128½ 125¼-127 120 - 128 121 - 121½ 121 - 122% 121 - 122½ 122¼-124½ 125 -126 121 -124
N,Y. L. & W,- lst .... 6117¼-118½ 119 - 120¾ 119½-120½ 120 - 12819118½-120 115 - 118¼ 112 - 115 117 -118 118 - 119¼ 117 - 119 117¼-119 119 - 120
96¾- 97 96 - 96 95 - 96 95 - 95% 95 - 98 97 - 9~
97 - 98
96 - 100
Construction .. .. .... ~ .... - ... . .... - .. .. 99½-101½ 99}(-100
so - 84½
74½- 82
92½- ~ 70½- 92
92¼- 97
85 - 97¼ 85 - 99
92¼- 98
Denver & Rio G,- lst .1108 -109 108.>(-110 110 - 112 102 - 111
46 - 48
48 - 58½ 45½- 50¼ 41 -, 47½ 42 - 46
42 - 51
88 _ 5.'5
50 _ 64
82 - 85¼ 60 - 84
84 - 88
Consolidated .. ... .... ,,- 82 - 89
86¾- 88¾
87
38
86¾
82½84½
88
36
S4
88
28½25 - 38
68 - 71.~ 65 - 68¼ 4~- 66½ 37 - 50
Denv. Rio G.W .- lst .. 6 66½- 72
80 - 80¼
82 - 82
85 - 85
79½- 80
78 - 80
74 - 76
75 - 75
90 - 92
97 - 98½ 94¼ 98
92 - 95
Denv. So. P. & P,- lst.7 95½- 96
Det. M. & Marq,- lst .. 6 .. . - .. .. . . .. - .. .... . - . .. ..... _ ........ _ . ..... .. _ ... ... . - .. .. 60 - 60 55 - 55 .... - .... .... - ........ - ... .
- .. .. 98 - 98),11 ... - .... .. .. - .. ...... - .... ... _ ........ - ..... .. . - ........ - ........ - ........ - . ....... - ... .
Dubuque & Dak.- lst 6
.E.Tenn,V.& G,- lst . . 7 117 -117 ll7½-l1'7x: 1!8 -118 .... - ... . 116 -116 115 - 115 113 - 113 113½-115½ 116 -116 ... . - .. ..... - .... . ... - ... 42½- 54¼
Consol. .. .. .. ......... . .. ;l 70 - 72½ 72 - 74 78¾- 75½ 74½- 75¼ 58 - 73¼ 50 - 58¼ 52½- 59¼ 57%- 6 L 55 - 59½ 50 - 57¾ 60¼- 55
91 - 95 .... - ........ - .. ...... - ...... .. - .... • • • - ........ - .. ..
94¾- 94¾ .... - .. .. 100 - 100½ 99 - 99
Divisional. .... ... ... .. ~ 93 - 94
11 - 14¼ 9 - 15
12 - 16
17 - 19¾ 15 - 18
10¼- 17>ii 15 - 18
Income . ... .... .. .... .... 6 26 - 31½ 29 - 31¾ 29 - 8()7.Ai 26 - 28½ 14 - 28
.. ..
Eliz. City& Norf,- lst,6 .... - .. .. .... - .... 78 - 80 . . •• - ... . .. .. - .. ...... - .. ...... - .. .. .... - .... ... . - ........ - ....... . - .... .. ..
82½- 84¾
- 85
80
82
80
88
87
91½
91
80 - 89
Eliz. Lex. & Big. S .. .. 6 101 - 108½ 108 - 104% 101¾-108 100 - 101½ 90 - 100 85 _ 91
.. ..
....
-125
125
..
..
....
-12n
125
....
.
.
......
....
122
121
1~
122
126¾-126¾
126½
126¼128
128
....
Erie- 1st, Extended .... 7' .. . .. . - .... 110 - 110 111 - 111¼ 110 - 111 .. .. - .... 106 -106 . 106 - 107½ 105½-108
~d, Ext .. .. . ...... ....... :; . .. . - .. .. .... - .. .. 108 - 108½ 110 - 110
3d Ext .. . .. .. ... . .... 4 ½ 102 - 102 104¾-104¾ 102¾-102½ 102):!-lvi 108 - 108 103½- 104½ 101¾-102 102 - 108½ 102 -102 100½-102¼ ... - . ... 102 -102
4th, Ext .. .. ....... .. .... ;'S 108 - 1 ~ 110 - 110 110 - 110 110½- 110½ 106½-106½ 108 - 108 106 -107 107 - 107:'4 . ... - ..... _.. - .. .. .... - . .. . 104 -105)4
6th, lSSS .... .. . .. . . .. 7 .... - ....... - ........ - . ... 110 - 110 108¼-108½ .. . . - . .. . 106 - 106 .... - .... .. .. - ........ - .. .. . .. - .... 106 -1 06
1st, consol., aiold ...... 7 12fl¼- 12f% 128 - 181 128 -129½ 125 - 128¼ 120 - 126¾ 112 - 122 1181).(-119 119~rl 22½ 116 -119½ 115 - 116½ 103 -115 117¼-119),(
.... - .... 115 -115¾
l8t consol. fd, coup ... 7 126 -126 125½-127 126 - 128),,( 124 - 126½ .. .. _ .... ns - 118 118½-113½ .... - ........ - ........ 115 - 115 111 -111 .. .. - ...... .. - ... .
Lonai Dock .. : ....... ... . ? 116½-118¾ .... - .. .. 110 - 110 .... - . .. . l!O - 115 11$¾- 115 .. .. - . .. ..... Bu.ff, N, Y, &E,-l8t.7' 132 -182 . . . . - ........ - .. .. 184 - 184 .... _ .... .... _ .... ... . _ .... 180 - 180 ... . - . ... 181 -131 181)4-134½ .... - ..•.
N, Y,L,E,&W,55 - 58¾
48 - 59
50:JJ(- 58
51¼- 68
58¾- 68
New, 2d consol. . .... 6 87¼- 93),( •91!Ji(- 94~ 87¾- 94 81½- 8~ M l/4- 86 45¼- 60 46½- 68
~Income ... ... .. .. . .. ~ .. 6 .. . - . . .. 70 - 70 .. .. - .. .. .. .. _ . .. . .. .. _ .. .. . .. . _ . . .. .. .. _ .. .. .. . . - .. .. .. .. - .. .. .. .. - .. . . .. . . - .. .. .. • . - ... .
- .. ... . .. - ..... ... - . . . ..... _ .... . ... _ ..... . .. _ ... ... .. _ .... 105 -105 .... - ........ - .. .... .. - ........ - ... .
Erle&Pittsb,-Consol.1
96¾- 97 96 - 97 97 -100
97 - 97
95 - 97
92 _ 95
96 _ 98
Ev. & T,Haute-Con .. 6 04 - 98 94 - · 98 98 - 100 97¼..:100 95 _· 08
.Flint & P, M,-lUort ... 6 118 -11~ 11S½-118>!i 114 -114 . 112'{-118 112½-112½ .... _ . ... 118 -118 118½- 115 .. .. • .... 118 -11 3 118 -114 114 - 115
61 - 64½ 61 - 67
60 - 62
62
60
64%
60
45 _ 65¼ 54 - 60
68 _ 70
65 - 71
~ - 71
Ft,W,&DP-nv,C,-lst .6 65 - 69),( 66 - 69
.. ..
1(?5¾-106½ 106¼-106¼ .. ..
Gal, H , & SanA,-lst .. 6 108).;-110 107 -110 . . .. - .. .. 109 .:.109 105~-101) i06¼-l06¼ 106 -106¾ 106 - lOa .... ~d, mort .. .. .. .... . .. .... 7 . .. - .... lQS¾- 100 110¾-110¾ u~-111 _ 110 -110 .... _ ... -. ... . - ..... ... - .... 107½-107~ 107 - 107 .... - ... 101 -102),(
92 - 92
- .... .. . . - .... 92 - 92
....
Mex. & Pac,-lst .. . :; .... - .... oo - 94:Jt •••-. - ..... . .. .:. .. •. 92 :.. 92 91 ¾- 92 ....
80 - 80 .... - .... 74 - 74 .... - .. ..
80 :. 80
Gr,B. W.&St. P,:-ht .. 6 . ... - .. . . 80 - 82~ 82 - 87 85 _ ~ 86 .:. 86 .... _ . ... 82 .. 82
.. - .. . .
..
..
...
..
..
.
..
.
..
..
2d, income . ... . . .. ... . . . 8 . .. . .. . . 16 - 16 18 - 28~ 20~- ~ . . .. _ .. . . • .. _ .. .. 18 - 18 15 - 15 15 - 16
GuU Col,& S. F,-bt . . 7 112}t-115 US -115 . 115 -11~ 115 -11~ 112 -ll4¾ lll½-114 107 -109 110¼-111 - 109 -110 109 - 110· 110 - 111 111 - 118~
.. .. .. .. - .. ..
.. - . ..,·, . . . . - . . . . .. .. _ . .. . ES .f : 8::! 8»¼· 90½ .. .. - .. .. .. . - .. .. .. .
lo:i -106!c 1063(--107 108 -1~ 1~-104 : 1023'-l~ 1~-103¼ 1.Q8¼~10i½ 104½-10 , 101 -10111( 101%-102¾ 1~ -108~ 108~ -108½
llS -118¼ 11?½·113¾ 112~-~lS 110*!18½ 111J..r112 118 - 115
Oonaol . ···•- .· ·· · ••.•· · ., 6 U,0¾-1123( 112 -ll&. . 110 -118 , -ll~ll3M Ui -11(3-, 110
2d, 19~3. · ·• ·.. · . .. ... .6 . . . . - .. . . .. . . - .. ..
Ban. & St;Jo.-Conv .. §
-n~
Bo. . &41:\V.,,e~.-1ei7 . v• • .. .. •• • • .. : ,.. • • •• - •••• 100 - l ~ . •• . - • . •• . . . • - . . . . . . • ~--.... . .. -· - ... ·· ·. .. • · · ·• · · · · - .. .. .. • • .. : · .. · : - · · ••
a ...~.c-1 ■t,Iff.L,71~1~ 10~-uo l~W lli -lii. lot .•lli 1~·1103-, 1~-196 li~-107 106*10'7 10'2' -108 109 -110¼[109-¾11~
18Ct Wettien DlT •., .. ,.r 1~1,rlOO~ 106
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
•10? 1~108 , ~08 , . ~ l,OiJrl~ 106 ..1~ 109 •lOi . lOJ -104. 1083-,-1043-, 104 -1041' 103"".lOf>¼ 100¼-106
1$8
RA1LRO.A.1J BONDS.
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-
· 1884.!__Co.nttau-ed.
BONDS.
JANUARY FEBR'RY.
MARCH.
APRIL.
MAY.
JUNE.
JULY.
I
Auotts1'. SEPT'DER. OCTOBER Nov'BER., DEc'uim.
_ _ _ _ _ _ - - - · Low. Hi~b Low. High Low.High Low.High Low. High Low.High Low.High Low.High Low.High Low .High Low.Hiirh Low.Hlirh
lI, &T.C.-W.&N.Dtv.'7 . . .. - •... 11~117¾ .... - • . . . . . . • - . .. . 108 -108 . . • . - . . • . . . . . - . . .. 111 ·111
2d, Main Line .. .. ..... 8 128½-124 125 -125 126 -126 121 -121¼ ...• - .... . ..• - .... 122¼-123 115 -118 .. .. - .... 111 -118 111 -111
Gen. Mort . .... . .. .. .. .. 6 98 - 93 00¼- 98 00 - 00
97 - 97 00* 98½ . . • • - • . . . 00¼- 00½ 96 - 00¼
Illinois CentralC.St. L.& N.O., T. L .. ,. .... 1m -119 120¼-120¾ ...• - .... .. .. ........ _ . . .. .. ..
1st, con ... . . .. ... . . . ... ,- 120 -120 120 -122 12()¾-122 121 -122~ .... - .......• - •... 119 -120 119½-119~ 120¾-120¼ 120¼-121 117~-120 120 -12.2
2d M ................... . 6 .... - . . .. 115¾-115¾ ... . - ........ - ........ - . .. . .... - .... ...• - ...... . .
Gold ....... . . ..... . .... ~ 105½ -107 105 -108 107¾-108¼ 107¼-108¾ 108 -108¾ 107 -107 104¾-105¾ 105 - 105¾ 105¼-106 105¼-106 105 - 106¾ 104 -106~
Dubuq.& S.City2d .. '7 115 -115 .... - ........ - ... . 115 -115~ . ... Ceda.1• F. & M., 1st ... '7 113 - US 114 -116½ 116 -121½ 120½-120½ 118 -118
- .. .. 114. -114 . . . • - ... . 114 -116
- .... 116¼-118
Ind.BJ.& W.-lst, p1•ef,7 .... - .... 118 -118
- ... . ... 1st .................. .4, ~. 6 85 - 86!-I 84¾- 86 85¾- 87 81 - 85}9 78 - 84½ 77 - 80 70 - 80 75 - 80 . . . . - .. . . 61:1 - 69
74 - 76
70 - 72
2d ... . .... . . . .. . . . . 4, ~. 6 69 - 70
69 - 72
70¾- 72
65 - 61:1 . ... - . .. . 50 - 50½ 50 - 60
55 - 09
57¼- 59 . . .. - .. . . 55 - 55
Eastern Div .. . ......... 6 . . . . 89 - 80
89 - 90
88¾- 89¾ 85 - 86 80 - 80 78 - 80 79 - 80 75 - 75 75 - 75 80 - 80 78),i-- 80
Con. income ... . ...... . 6 . . . . 83 - 83 .... - ..•....•
- . . .. 10 - 10
..i.nd. Dec. & Sp.-lst . .. . '7 105¼- 105¾ 105 -10~ 107½•108¾ 105 -106 102 -105 101½-101,ii 00 -101½ 102 - 104:J:( 102 -102
00½-100
gg -101 102 - 104¾
'ld, 1911 .... .. .. . . .. .. . . ~ ... - .... . ... - .... · ... - .. . . 20 - 20 . . .. 2d income . . . . . . . . . . . . . . . . . . . - .... .... - . . . . . . . - . . . . 12 - 12
- ••.. . ••• - ... . . . . . - .... 20-2'..o
I tern. & Gt. NO',-lst.6 . ... - .... 1()9¾-110 114 -116¾ 115 -118 107¼-112 104½-108 108 - 108 108 -110 110¼-111 110 -110 106 - 107 106 - 107
Coupon, 1909 ... ..... . . 6 81 - 84 83¾- 84¾ 82 - 87 84 - 8~ 72 - 84¼ 70 - 79 70 - 75 77½- 80
77 - 80
77¾- 79 . . . . - .... 74½- 76
.Jefferson-1st .... . ...... 1 ... - ........ - ... 101¾-101¾ 102 -102
- ... . 100 -100 100 - 100
Kentucky Central. ... . 6 .... - ........ 72¼- 72½ ...• - .......• ....... Lake Erie & W.-lst .. 6 92 - 93½ 91¼- 94
93 - 04
98¾- 95½ ..•• - .•.. 75 - 80
80 - 80 85 - 86¼ 80 - 81
84 - 85
80 - 83
83 - 83¼
Income .............. . ••. ,- 81 - Sl½ S5 - S5 S5 - S5 SS - SS
20 - 21¾ 10 - 18 .. . . - ... . 21 - 25
22 - 22 .••• SanduskyDiv . ... . ..... 6 •··· - ........ - .... 80 - 80
79 - 80
Income .. . . ... ... . .. . ... . .
- ..... . .. - .. ..... . - . . . . 20 - 25 . . . • Laf. Bl. & M,-lst . .. .6 1¥.)½- 90¼ 92 - 94~ 93¼- 94½ 95 - 00
91~- 92 ...• - .• . 75 - 80
81¾- 83
~ - 85
82¼- 64
80 - 80 .. . . Income . ...
.. . . . .. 7 45 - 45 .... Lake Shore & M. So.M. S . & N. I. Skir, fct . . 7 104¾-105 104½-105¾ 105 -106 105¼-105¾ 101¾-102¾ 102 -104 102~103½ 103 - 108 103½-lOa;Ji( 103¾-104:)ji 101 - 101~ 101¾-102
Clev.& Tol.-S. fund.,- 104 -104¼ ... - .... 104 -104½ 105 -105 105¼-105½ 104!1(-104¾ 101 -102¾ 102¾-102½ 102¼- lois· 103 -103½ l OS½-104½ 104 -104¾
New .... .. . ........... . 7 1 ~-106¾ 107 -107½ 107¾-107¼ ?.0~-104¾ 105 -105 .... .
- .... lOS~-103¼ 104 -1047(
Cl. Pains.&Ash ...... 7 . ... - .... . . .. - .. .. 115 -115 ...• - .. .. .... - . ... 115 -115 115½-115¼
Buff. & Erie-New .... '7 121 -121¾ .. . . - ........ - ....... - ••..... - . . .. 118 -118 117 -117 .•.• - .... 117 -117 .... - . . .. 118 -120
Ii.al.&W . P.-lst .... ,- .... - ........ - ........ - ........ - ........ - ... . . . .. - ........ - .. .... - .... 110 -110
L. Shore-Dividend .. , !22½-123½ 124¾- 125 124½-125 .... - ••.. 12<1 -120 120 -120 .... - .. .. 118)>1{-118¼ 119 -l19 120 -120
1st con,, coup ... .... . 7 125 -127~ .... - .•.. 127½-127½ 121;¾-lSO 127¼ 123 l~,i-1~4 121¾-128 124 -126 126 -126 126 -126 125 -127½ 127¼-123¼
1st con., 1•eg ....... ... '7 124¾-125 128 -128 127 -127 129½-lSO 127 -12R½ 124 -127 1221)(-128 124¾-124½ 124 -124 122 -124~ 121!1(-125 124 - 127
2,1 con., coup ... . ..... '7 119 -119¼ 119!1(-121¾ 121¾-124 128¼-128¾ 120 -123¾ 116¾-119 117 -1197"' 117 ·118 117 -118 116 -118 117lJ,i-118¾ 114¾-116
2d con., rea ..... . .. .. 7 119¾-119¾ 120 -121¾ 122¾-128½ 128¼-128½ 123¼-128¼ 116 -119 116¼-118 118 -118 116½-117~ 117 -118 117¾-118 114¾-115¼
Lonir Island-1st ........ , 120 -120 .... - .... 121 -121 124 -124 120 -!20 .... - . .. . 118 -118 120 -120 120¼-121 121 -125 .... - .... 118 -119
1st, consol. . .. ... . . . .. ~ 93¾-100 101 -101¼ 101 -102 10! -102 102 -102 101 -1~ 100 - 100 100 -101½ 100 - 101 100¾-I01 101½- 101½ .. .. Louisv.&N.-Consol...7 118 -119 118¼-1!9½ 119 -120 116 -119 116 -11?½ 115¼-116 113 -116 114¾-114¼ 115 -116¼ 112 -113¾ 113 -113½ 114 •115¼
Cecilia.n Branch . . . ... 7 108 -105
- .. . . 102¾-10-J¼ •..•
- .... 91 - 9S
001(- 98
N. o. Mob. & T.- lst.6 92 - 92 90 - 95
95 - 00
95 - 00
- •... 75 - 75
78 - 80
80 - 80 80 - 80 80 - 82
79¼- 79¾ 78 - 791,s
2d . ..... . . .. . . . ..... .... . 6 .... - .. . 85 - 1:15 .... - . .•. 97 - 97 ... . - ........ - . ....... E. H. & Nash.-lst . . . 6 102 -103 .... - ... .. ... - .. . . 103 -104
96 - 97¾ 98 - 98 .. ••
97 - 97
Gen'l mort .. .. ... .. ... . .6 91!1(- 94 92 - 93¾ 92 - 00¼' 95¼- 00½ 85 - ~ 70 - 88¼ 75 - 90 88 - 88 86 - 87
86 - 89
81J - 00
82½- 88
St. Louis Div.- lst ... 6 . ... - . ... 107½-107½ 104 - 104 .... 95 - 95
2,1. ... ..... ... ..... . .•... 3 so - 50 .. . - • . . . 49¾- 49¾ . . . . 42 - 42
Nash. & Decatur... . . .7 lHi -115 116¾-116¼ .... - . . . . 117 -117
- .. •. 112 -112
- .... 112 - 113 115 -115
- .. .. 117 -117
T1•ust bonds . . .... .. .. .. 6 .. . . - . . . . 89 - 89!1( 81 - 89 82 - 82 76¼- 80
79 - 80
77¼- 79
76 - 79
78½- 79
76 - 79
Lou. . Alb. & C,-lst .6 90 - 95 00 - 94¾ 91 - 94 97 - ~ 98 - 98 95 - 95 94 - 94 .... - . ... 90 - 04 92 - 92
Ill - 92
89~- 92
Louisv . •O.&T.-lst . .l . ... 86 - 87¼
Man.B.lmp. Co.-Lim.7 .. . . - . . . . 77 - 80 80 - 80 80 - 80 .... - . ... 77 - 77 .... 80 - 80
Mem.&Chas.-lstT.L'7 110¼-110¼ .... - •... 111½-ll~ . . .• 2d, 18S~ ... .... . ... . . . ... '7 .... - ........ - ... 108 - 108 .... Met1•opolitan El.- lst .. 6 100½-104¼ 104~-107¾ 105 -107½ 105½-lOB½i 100 -105¼ 100 -105¾ 98 -103¼ 108¼-105¾ 104 -106 104½-108 107¼ -108 108 -11~
2d ..... . .. . ...... . .. . ..... . 6 8?¼- 91¼ 91 - 96¼ 95¾- 00¼ 95 - 00:Jt; 88 - ga 84 - 93 89 - 00 !m4- 98 92¾- 98½ 98¾- 97
94 - 95¾ 92¼- 95
Mex. Cent.- lst. ... . .... 7 411¾- 56¼ 57½- f>7½ 6S - 63¼ 5 ~ 61~ 48 - 55 83¾- 95
35 - 85 ... - ....... . - . .. . 32 - 32 .... - .. .. .... - . . .•
Mich. Cent-lst,consol. 7 124 -125 125¼-129 t27 -129¾ 128½-129 122¼-124½ 128¾-124 123¼-125 125 -126 125 -126 125:J;i-12~ 122¼-124 122¼-123
1st, com10I.. .... . . ...... ~ 106 -106½ ... • - .... 106 - 106 .... - . . . 102 -!OS 105 . -106 102 -102¼ 102½-103¼ 10$¾-104 103½-104 101½-10--t½ 102¾- 104
Coupon, 1931 .......... ~ 101¼-102¼ . . .. - .... 102 -102 101 - 102¼ 102 -102 .... - . ... 100¾-100¼ 100 -100 100 -100 . .. . - •. . ... .. - ... 97 - 97
Reir., 1931 .. . ..... .. .... ~ lOl¼-101¼ ...• - .... lCO -100;,( .... - ........ - .. .. .... - .... .. .. - .. . ... .. - . . . ... . . - ... .
Mid, of N . .r.-tst .... . ... 6 91½- 95
gs - 95¾ 04¾-10~ 00 -100
89 - 00
80 - 87
80 - 84 88¼- 88¾ 87¼- 89
84¾- 85¼ 79¾- &>
78 - 821'
MU. L. Sh. &W.-lst .. 6 OO!l:(-100 100 -108 103 -106 106 -109 101 -105 100 -100
99¾-100
007kl01
00¼-100¼ ! 00 -102
98¼-10~ OOM-100~
Income ......... . ... ... .. 6 .... - .... 71:! - 78 .... - .... 83 - 847( 77 - 81,n .• . . MU. & No.-lst . .... .. . . 6 97¾- 97¾ 91:¾-100 98½- 00 98 - 98½ .... - .... 85 - 94
95 - 95 .... - .... 85 - 85
Minneap.& St.L.-bt. '7 t20¼-122½ 122½-122¼ 125 -127¾ .... - .... 125 -125 115 -122½ .... - ... 117 -118 .... - .... 118½-120 116½- 116¼
Iowa Extension .. .. . . '7 118¾-119¾ 120 -120 119¾-120 120 -121 128¼-123¼ .... - •... 108 - 108 108¼-108½ 112 -112 110 - 110
, ~d, 1S91 ... . .......... . '7 LOO - 100 100¼-101 101 -101 . . . . - ... . 100 -100 100 -100¼ .. . . - ....... . - ....... • . . . . 102 - 102 102 - 102
So.West.Ext.-1910. '7 .. .. - .... .. .. - . ... 112 -112½ .. .. - .•.... . - ...... . . - . .. . 113 -113 .. .. - .. .. .• • . . . .
Pacific Ext .. . ..... .. . ... 6 . .. . - .. . . l02 -102 lOS¼-103)4 ... . - .. . . 1007(- 10014 . ..• - . . ..... . - ... . 102 -102 .... - .... ... . - . ..... .. - .. ... . .. - ... .
Mo.K.&T. - Gen. con •. 6 'i6 - 84½ 80¾- 82¾ 81¼- 83¾ 75¼- 83¼ 70 - 79
50 - 71¾ 58 - 71¾ 7~- 76
72¾- 75
71¾- 75¼ 65 - 75
65¼- 74
Gen. consol. ...... . ... . . ~ .. .. - .... 66 - 70
~ - 71½ 66 - 70½ 60 - 65¾ 45¼- 62
50 - 59¾ 59½- 68½ 59 - 61
58 - 60~ 50~ - 58½ 58 - 58
Con ol. .... .... . .. ...... .7 108¼-110¼ 107 -109 108¼-109¾ 107 -110¼ 104 -107¼ 87 -104¼ 93¾-105½ 102 - 104½ 103 - 105 101½-105 IJS¼-104 104¾-105¼
2d, income . .. .. . . . . . .. .. 6 62 - 68
66 - 70¾ 69¾- 70¾ . .. . - . . . . 60 - 60 .... 51 - 56
62 - 62 .. .. - .. . . . . . . - .. .. . .. . - . . . . 54¼- 60
Han.&Cen. Mo.-lst.7 . . .. - . .. . .. - . . . . 108 - 108 ...• - .... 103 -103~ .... . ... - .. .. 106 -106 ... . - ........ - . . .. ... . - ... . 105½-105¼
Mobile & Ohio-New .. 6 104!,:(-106 104¼-106¾ 107 -108¾ 108 -1~ 108 -108~ 104 -106 104*10~ 10~105¾ 104¼-104½ 103¾-100 102 -104 100 - 100¾
Collateral trust ... . .. 6 .... - . .. . .... 00¼- 00¾ 95 - 95 .. . . 1st,pret.,debenture .. '7 .. .• - ... . M - 57 59 - 60
69 - ':'O
69 - 69 ...• - .. . 60 - 65
65 - 65
65 - 65
65 - 65 . .. . - .... 55 - 55
2d, pret,, debenture .. '7 2~ - 28 .. . . - . . . • 84 - 40
96 - 40
SO - SO ..•• - ........ - •.....•. - . .. . SO - SO . ... - ... . . . •. ~
3d, pref .• debenture .'7 .... SO - SO
- . . ...... - .. .. . . .. 4th, pref ., debenture .'7 .... - ........ - ... . 20 - 22 25 - 29
- •.•••••• - •..•.••• - •••••••• Mutual Union T--S.F .6 78 - 82
~ - 80¼ 78¼- 81" 76 - 80
60 - 78
60 - tl6
60¼- 67½ 67"- 74
71 - 78¼ 71¾- 74
66½- 68
66¼- 70¼
Nashv.C.& St.L.-l!lt. 7 111%-117 ll?¼-118 118½-118½ 121 -122 120 -120 120 -120 US -117 116¼-116¼ 114¼-118 116 -um 116 - 116½ 118 -120¼
2d, 1901 .. .. .. ......... . 6 . ... - .. .. . . .. - .... 102~-102¼ . . .. - .. ..... . - .. . .... .
N.J.So.-lnt, iruar .... 6 .. .. - ........ - ....... . - .... 02 - 92 .••• - .. ..... . N. o. PacUlc-lst . ... .. .. 6 81¼- ~ 83 - 85½ 84 - 88¾ 82¼- 84½ 69'¼- 80 48 - 69 50 - 57)4 58½- 58¼ 50 - 54 50 - 50 53 - 58 59 - 59
N. Y. Central-Extend.~ 103*104¼ 1041,(-107 107 -l<m( 107 -107¼ 104 -105 101 -104½ 102 -105 104 - 105 104 -104¾ 101¼-104¾ 101Xi- 10S¼ 102¼- l ~
188'7 . . ... . .............. . 6 104¼-105 105*105¼ 10~-105¾ 106 -106¾ .•.. - .•.. 106~-106¾ 103,4-103¼ 105 -105 104 - 104 104%-104¾ 105 - 105 ... . - ...
N.Y. c.& H.-lst,cp. _,. 130~- 182 131¼-lSS lSl¼-182 133 -184 131¾-lSS~ 180 -132¼ 127 -131½ 130),i-131¼ 130½- lSl½ 129 -130¾ 129¾- lSl 130¾-lSS
1st, reir . . .. . .. ... .. . ... 7 130 ·131 !Sl -131" lSl -181½ ld2 -184 131 -lSS 132 -182¼ 126J.4-1SO 121}¾-180¾ 130 -130¼ 129:1(-180 129 -130¼ 131J,v-18~
Debenture .. . . .. . ... :.~ .... - ........ - . .. . .... - ... . .... - .... 102 -10~
Bud. Riv.-2d, 11. fd .. 1 .... - ... 104 -105 ...• - . ... 104¾-105 l(M½-105¼ 102 '-102½ 102½-108½ 108 -103½ 103 -103¾ .. . . - .. .. 104½-104½ 101½ 101~
Can. So.-bt, iruar ... . ~ 95~- 00¼ 00 - 00¾ ~~101¾ 00¾-101~ 98 -101¼ 04~-1~ · 92 - 97¼ 00 - 98
00 - 97½ 00 - 98
ll5 - gg
98 - 00
~d .. . . ... .... . ... . ... ~ . . .. - . . . . 8S - 80 El8 - 88 ~ - 88¾ 80 - 87 76 - 80
75 - 82
84 - 86½ · 77¼- 82¾ . . . . - . .. . 70 - 75
70 - 75
Harlem-ht, coup . ... 7 lS0¾-180½ . . .• - ... • !SO -133 184 -185 129¼-lSO 127 -130 128 -128 129¾-lSO 1 ~ 1 ~ 129 -130 127 -127 127¼-128¼
ht, reir .·. . .. .. . . ...... 7 l'ZS¾-130¼ .•.. - .. •. . ..• - ........ - . . ...... · •... 128¼-128¼ 129~-lSO ...• - .... 129~-129!'i 129¼-lSO 126½- 129½ 129 -12U
N. Y.Cbic.&St.L.-bt .6 10<> -102 101¼-105¾ 104 -106½ 106½-109 100 -107'7.-fi 00 -100 gs -100 94¾- 00¼ gs - IJ5 gs - 9'09 94 - 00 92 - 00~
!ld...... . ... . . ... ........... 6 86),(- 87 87 - 91
~ - 87¼ 86¼- 81½ 79 - 833{ ...• ·- ..•. 50~- 50~ .•.. - ...• 60 - 60 .. . . N. Y.City & No.-Gen'l.6 31 - 32
SS - 85
35 - 36 86},s- 96¼ 81¾- 85
St - 85
82 - 82
SO - 30
81¼- Sl¼ SO - SO
32 - S5
32n- 34~
Tru11t Co. receipt■..••.• 85 - S5 82¼- 84 35 - 85 85 - 85 82 - 36 . .... - • . • . 29 - 29
- . . . . 25¼- 82¾ SO - 32% .. .. - ....
-
N. Y. EleYated-bt .....7 116¼-117¼ 117U-118¾ 118M:-119¼ 120 -120¼ US -120~ 118 ·'119 1'15 -116 115 -117¼ 117 -118 117~-118¼ 119 -120 119 -121
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
RAILRO.AD BOND~.
1884-Contlnned.
----------.-----..,...;;.-...a------:-- --:--------;;-----.·-----r-----.----.. . .----....----...-------..... ;.;._
JANUARY FEBR'RT,
MARCH.
APRIL.
HAY.
JUNE.
- - - ---- ----•1----1---- ----
BONDS.
..
JULY.
AUGUST. 8EPT'BBR. OCTOBER. NOV'BER. DJ:C'BER
Low, High Low. High Low.High Low.High Low.High Low.High Low .High Low .High Low.High L ow . High Low. High Low.High
lmt-tot 101"-10'7 1~108½ 101 -107¾ 1()()¾-108 97 -102 105½-106 104½-106¼ 103¾-10!¾ 108 - 104 108 -1 ; ..-..-., 9S -100
N-.Y-.&-N___E_n_1i-.--1--st-.•. - .... 98 _ ~
99 - 99¾ .... - .. ...... - .... .... - .. .. .... - ....... - ... . 90 - 00
lst, 190~ . .. ........ . .. 6 .... - .... 891i- 89'¼ 00~- 98
- ........ - ••. , . .. - .... •··· - ........ - •••.•.• - . ... .... - •••. 108 - 108
N.Y.N.H.&H.-lst,r1i.4 .... - . .... . . . - ..... . .. - .... 106 -L06
N.Y.Pa.& O.-P1•. lein . 6 10'7½-108 .... - .. . .... - •... . ... - .•..... - ...... . . - ........ - .... ... - ........ - .... 102 -102 .... - ...... .. - ... .
l st, Income ... ... .. . . . .. '1 . . . - . . . . . . . . - . . .. 58 - 53 . .. . - . . .. .. . . - . • . .. .. - . . . . . . .. - . . . . .. . . - .. . . . . . . - . . . . .. . . - .. . . . . . . - . . . . . .. . - ... .
72 - 74 .... - . .. . 60 - 60
N. y. Susq.&W.-lst ... 6 78 - 80¾ 79 - 82¾ 81~- 86 80¼- 86 79½- 82 .... - . . . . 77 - 77¼ 74 - 77 75 - 75
61 - 62½ .. .. - . . .. .. - ........ - ........ - .... 65 - 65 ... . - .... .... - ........ _ .. ..
M - 57M 65¾- 60
N. V .&Tex. Land-Scrip 48 - 5'
89½- 4 1¾ 89¾- 42¾
40¾- 45
M½- 59¼ 50 - ~ 42¾- 56/2 87½- 45¼ 88¾- 40¾ 89 - 45¾ 40711- 44
N Y.W.Sh.&B.-lst .. . ~ 411¾- 67¾ 61¾- 67
89¼- 41¼
89 7-r 42½ 40 - 42¾ 89 - 40
1st, re1i ...... ... ... ..... . ~ ... - . . .. ~¼- 58½ M¾- 56¼ 49½- 51½ 48 - 53¼ 87 - 41¾ 88 - 89 89 - «
00 - 94 .... _ ... .
.
...
....
-102¾
101
Norf.&West.-Gen.M.6 102 -104 10~100 105 -108 !07¾-108½ 10! - 104¾ 101 - 101½ .... - ... . 100 - 100
New River-1st . ... ... 6 100 -100 1(10 -100 102¾-102½ 102 -102 . . .. - ........ - ... . 95 - 95 . ... - . . . . .... - . ....... - ... ..... - . .. . 94 _ 94
Northern, Cal.- lst .... 6 .... - ........ - .... 106 -107 .... - ........ - ... .... - ....... . - ... ..... - . . .... . . - ... .. . .. - ...... . - ..... ... - ... .
54¼- 60
5-i - 55
50 - 55
45 - 48¼ 54½- 60¼ 54 - 60
68 - 68¼ 48 - 50
~ - 69
Ohio Central-ht .. ..... 6 61 - 65 62¾- 69¾ 68J4- 70
1st, terminal trust ... .6 . . . . - . . . . . . . . - . . . . . . . - . . . . . . . . - . . . . .. . - .. . . . . . . - .. .. .. .. - .. . . . . . . - . .. . . . . . - . . . . 50 - 50 . . . . - . . . . .. . . - ....
4¼- 5¾ 4 _ 5¾
4½- 6
5 - 10
5 - 10
5 - 7¾ 5 - 8
7¾- 9¼ 6 - 9
Income .... ... . . ... . .. .. 7 9½- 10¼ 10¼- 14 18 - 18
Ohio & Miss. Con.s. t .. 7 116 -117¼ 11'7¾-118 117¾-118 119½-~ 117¾-120½ 114½-119 111¼-116 116 - 117'¼ 116¼-117½ .... - .. .. 117¼-118 118¼-118¼
.. _ ....
Consol.. .. . ..... .. .. ...... '111~- 117¼ 117¾-118 11~!17¾ 119 -120¼ 118 -120¼ 114¾- 119 117 -117 112 - 117 117 -117¼ 116¼-118 118 - 118
2d, consol. . ............ ,- 121 - 121¼ 121 -121 . .. . - .. .. 116 - 126 .... - •.•. 100¾-111 101 -101 llQ¾-110¾ .. - .. . ... - .... 118 - 115 . ... _ .. ..
1st, Sprinlif. Div ...... 7 118 -118 US -118½ 121 -180 180 -180¾ .... - .... 108½-108'¼ .... - ...... . . - .. . . .... -· .. ..... - ... . .... - .... 100 -101¼
80 - 81½ 79 - 81¼ 80 - 80¾ 81 - 85¾ 81 _ 82
76 - 85
72~- 86¼ 73 - 81
811 - 00
82¼- 86
80 - 84
Ohio Southern- ht . ... 6 80 - 81
21½- 22¾ 21½- 28¾ 20¼- 22¼
~ - 24¾ 17¼- 22¼ ..•. - .. .. 19 - 25 .... - .. .. 20 - 28
2d, income .............. 6 20 - !5 ... . - .... 20 - 28
Or. R'y. & Nav.- lst . .. 6 102}(-105¼ 104~- 108 107¼-10~ 108¼-109 104 - 10$¾ 102':(- 104¼ 101 - 105 105 - 107 lOt}½;;-107 106¾-108½ 108¼- 110 109:)4-110¾
- . . . . .. .. - . . . . . . . . - ... . 100 - 100 . . . . _ ....
Debentures, 1884 . ... 1 . . . . - . . .. . . . . - . . . . . . . . - . . . . . . . . - . .. . .. . . - . . . . . . . • - . . . . .. . . - . . . . ..
67 _ 69
63 - 70
60 - 66¾ 60¼- 67
65½- 70
50 - 65
157 - 65
60 - 69
64 - 81
79 - 82
Ore1i. Imp. Co.- lst . ... 6 66 - 82¼ 79¾- 80
66 _ 68
67 - 68
68 - 70
70 - 72
71 - 75
69 - 76½ 69 - 72¼ 63 - 70
60 - 74¼ 70 - 74
Ore1ion Trans.- lst . ... 6 65 - 7lJ'4 68 - 72
Pacific RailroadsCen t. Pac.-Gold .... .. 6 118¼-112 l!!¼-113~ U8%-ll.l,¼ US½-114¼ lll¼-113¾' l0'7½-114 105 - 110 110¾-111¾ U0¾-112¾ 110¾-112 108¼--111 U0¼ -118
San .Joaquin Br .. .. 6 108½-109¾ 110½- 111 111 - 112 108¾-108½ 106 -106 .... - .... 108 - 105 108½-108¾ .... - ... . . .• . - •. •. l01½-101½ 102,¼-104
99 -101
99 - 98 100 -100 .... - • .. . 95 - 00
Cal. & Orea-on ....... 6 101 -101 108,1,s-103¼ 108½- 103¾ 103¾-108¾ 100¼-100½ 108 ··103 101 -101
State aid . .. ... ..... .. , 100 -100 100¼-100¾ lOlM-101~ 101 -101 •..• - .. ... ..• - . ....... - ........ - . ...... - .... .. 1• - ... . .... - ... . . ... - ••• •
99 - 00 100 - 101½
Land ~ants ........ . . 6 104¼- 104¾ 104¾-105½ 100 -lOi 108¾-104¼ 102 -104½ 95 -108 05¾- 100 100 - 101½ J00¾-101½ 98 - 99
Welltern Pac ........ . 6 108 - 109~ 109¼- 109½ 110,¼- 111 111 - 111 .... - •... 101 -lo1 100 -102 104 - 106 104¼-105 105 - 105½ 104 - 105 104½-110
No.Pac.-Gen.lst, l.1i 6 95 -1027.AI 98¼-102 100¾-102 101 -108¾ 100½-l~ 98 -105¾ 97 -108 102¼-104 102¾-103% 100 - 104½ 101 - 102¾ 102½-108½
99¼-101½ ..•. - ·. . . 101 -103¾ 100¾-102¼ .. .. - .. . . 102 -102 102 -1~ 102 -102½ 100,¼-lOS½ ... . - .... .... _ .. ..
Gen. 1st, 1. Ii•• re1i .. 6 100,¼-10'~
94¾- 95¼ 94½- 00¼
95½- 97
98½-100
So. Pac. Cal-1st .... . 6 102:1(-104 104 - 106~ 106¼-107¼ 108½-104¾ !01 - 104½ 04 -10-Z½ 00½- 99¾ 100¼-101
So. Pac. Ariz'a- lst . 6 .... - . . ..... . - ........ - ........ - ... . 98 - 98 .. .. - . ....... - ..... .. . - ... .. . .. - . . . ..... - ......•. - ........ _ ... .
_
- . •. .
........
..
....
..
...
.
So. Pac. N.Mex. - lst 6 .... - ........ - ... ..... - ... ... .. - .. . . 97½- 97½ .... - ....... - . ... .... - . .. .
-li4 ..
Union Pac.-lst . ...... 6113 - 114¼ US¾-115,ii, 115 -116½ 11$¾-116¾ 112 -114!1,.( 104 - ll4 108 -UO 109 -111¼ 110 - 112½ U0½-1111,t 110½-112¾
Lo.ndgrants .......... 7 108¾-109 109 - 110½ 110½-112 106%-107¾ 106 - 10'7.¼; 101 -106¾ 1()6¾-108 10'7¼-108 107%- 110 105 -106¼ 1015½-106¾ 106½-106½
95 -108 101 -109 108 - 113 10'7¾-luO 110½-114¾ 112 - 117½ 117 -ll8¼
Sinking fund . ........ 8 U0½-118 117¾-118¼ U4 -115¾ 110½-11!:¾ !04 -112
Re1iistered .. .... ..... 8 110¼-U7~ .... - .... 114½-114½ 114¼-114},~ ... - •.. . 107 -107 98 - 98 108 - 108 . ... - •....... - .... US - 117½ 116¾-117¾
Collate1·al trust .. . .6 105 - 105 . .. . - . . . . . .. . - . .. . . .. . - .... 1C5 -105 . . .. - • .. . . . . . - . . . • • • • - ... • . .. . - . . . . .. . . - . . . . . • • • - ... . 108 - 103
...... _ .. . .
Collateral trust ... .. ~ . .. . - ... ..... - . . . . .... - . .. . 00 - 00 95 - 95 ... . - • .. • . . . • - . • . . 82 - 82 .... - ........ - ........ K. Pac - 1st, 1S9~ .6 111½-111¼ :0'7½-109½ 109¾- ll<J¾ H0¼- 110¾ .. . . - ... . 101 -108 104 -110 106 - 106 106½-107 10'7:J:(- 108 108 -108 .. .. _ .. . .
99 - 105¾ 100 - 103½ 106 - 108 107 -107 106¼-108 106 -10'7¾ 106 -108½
l ■t, 1896 ... .. ... ... 6 106½-107¾ !06%-109 109¼-110¼ 110,1,s-lll 108½-110
98 -105¾ 95 -102 108 -105 105½-106¾ 107½-108¾ 108½-105 105 -l0'7¼
Denv. Div.- Ass'd 6 1C2½- 107 106½- 109¾ 109¼- 110½ 110 -110¼ 100 -107
80¾- 88¼ 84 - 90¼ 86 - 95¾ 91 _ 95½
74 - 82½ 74½- 88
fll5 - 80
80 - 00
1st, consol. .. ... .. . . 6 92½- 95¼ 98¾- 96¾ 96¾- 98¾ 92 - 98
.. . - .. . .... - .... . ... - .... 99¾- 99½
C.Br.U.P.,fund.cp .,- .... - ........ - ... .... . - . . ...... - ........ - .... .... - ........ - ... 100 - 100
84 _ 84
&'l½- 85
... - .. .. 82¾- 86
-"l .>At.Col.& Pac.- lst.6 GO - 113 98 - 9~ 9:l½- 98½ 92 - 94 89 - 90 .... - . ...... . - . •. . 81 - 81
82 _ 82
.. . ... - ....... - ... . . .. . - .. . 80 - 80
.... 615 - 86 ...• 87½- 90
90 - oo
At.J. c.& w.-lst.6 .... - .... 90 - 90
87 _ 89
78 - 87¼ 82 - 89
75½- 82
00 - 79
67 - 82
70 - 84
94¾- 95¼ 85 - ~ 69 - 89
90 - 95
Ore1i.Sh.Line-lst . . 6 89¾- 94
98 - 99
Utah South.- Gen .. 7 ... . - .... 10-Z -102 104 - 104 108 -103 ...• - •. ...... - . . ... . . . - . .. ... .. - .... 95 - P5 . . .. - .. .. 95 - 98
91 - 93¾
95 - 95½ 98 -100 .... - .... . ... - . . . . 98 - 98 .... - .. .. . • •. - •.. . .. . - ... . .... - . .. . 90 - 00
Ext'n, 1st, 1909 .. . ,- 00 - 00
91 _ 97¾
89¾- 95
907,1i- 94
98¼- 97¼ 98¾- 95
00½- 98¼ : 95 -100
Mo. Pac.-lst cons .... 6 l01,½-102 102¼- 104½ 104½-106¾ 105 - 106½ 98¾- 105
98½-100 100¼- 102¼
95 -100 100 -108 100¾-102 102 -105
00½-102
Mo. Pac.- 3d .. .... .. .1 112½-113 113¾-116 115 - 1115¾ 115½-116" 111 -111
Pac. of Mo.-lst . . ... fi 106½-108 104¼- 105!1,.( 105½-106 106 - 100 104¼-105½ 103 -105¼ 108 -1~5¾ 102½- 108¼ 108¼-108¾ 108%-104 101¾-10~ 105¼-105!1,.(
2d . ...... ........ ..... .,- 109¼-110 110 -111!1,.( 111 - 112 112½- 112½ l!O - 110 108½- 109¾ 104 - 104 105 -106 106 -:-10'7 107 - 107 ... . - ... . lOfl¾-11 0½
l!S¾- 9il 108 - 105½ 106 -106 100 -100 99 - 99 97½- 97½ 98½- 99 IJ8¾-100 101 - 101 97 - 97 100 -100½
St.L.&S.F.-2d,"A".6 98 - 99
98¾- 99½
98 - 100¼ 99}(-100½ tl7 - 99
94 - 98
Class "C" ... ........ . 6 95¼- 00½ 07 - 99 09½-104 104¾-105 95 -101¾ 89 - 97 00 - 92
98%-100
97 - 99
99 -102
98 - 100
94 - 98
00 - 92
00 - 98
Class "B" .. .. .. . .... . 6 00 - OO}s 96½- 99}4' 100 -104 104 -105½ 97 -102
Equipment ............ ,- . .. . - .... 100 -101 .... - .•• 100 -106 .... - •. .. •.•• - .•.... .. - .... ... . - .. . . 08 - 102 .... - .. .. . ... - ........ _ .. ..
94¾- 94¾ 92 - 94¾ 95 - 95»5
General mort .. ..... . 6 .. .. - . .. . ... - ........ - .... lOQ¾-;01 ... • - .. . . IJ7½- 97½ 94¾- 94¼ .... - • •• • 91 - 05
98?.:-102 102¾-104 103½-103½ 108 -108¼ 108 -104½ 104¼-1051,,(
So.Pac.ofMo.-lst .. 6 108%-104¼ 104)4-105 1015 - 105~ 106 - 105'. 104¾-1015½ 102 -103
.. - .... 108 - 103 108 - 103
......
Texas & Pac.-lst ... 6 . . . - . . . 108½-109 ...• - .... 108 -108 .••• - ..... ... - ........ - ..... .. . - ..... ...
92½- 92¼ 91~- 92½ 60 - 60 .. . . - .. .. . . . . - . . .. .. . . - . . . .. .. - . . . . . .. . - . .. . 75 - 75
00¼- 00½ 00¼- 91
Consols .... .......... .6 89 - 91
85½- 88½ 87½- 88½
84 - 36
83 - 42¼ 82 - 40
82 - 4~ 84¾- 50
88 - 47
44 -:58
48¾- M
Inc.& land irr., re1i .1 89 - 46½ 48 - 51
52¾- 54
44 - 54
47 - 55¼ 46 - 51¼ 44 - 50
40 - 51
87¼- 59
78½ 50 - 67
71¼- 75¼
1st, Rio Gr. Div .... 6 69¼- 75 71 - 78
4.1½- 41½ 49¼- 50,¼i 50½- 52
48 - 48
. . . . - .. .. . . . . - . .. . . . . . - . . . . . . . . - . .. . .. . . - .. . . .. . . - . . . . 47½- 50
-'' -Hented.. ............ . .. . Pennsylvania RR.97½- 99½
97 - 98
97¼- 98
95 - 95¼ 95 - 97
94 - 95
00 - 97¼ 95 - IY7
Pa. Co.- Coup .... .. . . 4½ 98¼- G4¾ 95 - 95¾ 95¾- 00½ 96½- 97
00¼· ~
00 - 07
00 - 96
1}5 - 115Ji 95¾- 96¾ 95¼- 96¼ .. .. - .. . . . . . - .. .. 92¾- 93 .•.• - .... 00 - 00
Reaiste1•ed .. . .... .. 4 ,½ 9 '¾- 05
... - . .. .. ... - ... . .. . . - . ... ... . - ... . .... - ... . 117 - 117 .. . - . .. . .... - ... .
Pitts,C.&St.L,lstcp:'1 .. .. - ... ..... - .... ... - .... ... Pitts.Ft. w.&C.-lst. 7 136½- 137 188 - 138½ 138½-188¾ 188%-188¾ 140 - 140 187½-189 185 - 186½ 186½-180½ 137 -137 188½- 138½ 188 -ms 138)4-139
. .. 1 .... - . . . . 185 - 185 135)4-185¾ 186 - 186 181 - 181 185 - 186 134¼-l~½ 185 - 185 . ... - ........ - .... .... - .. . . 186½-136½
2d.... ........ .
3d .. . ... .. .. .......... . .. ,- 180 -131 ... . - .... 188½-188½ 181 - 182 181 - 182 lS0½-131¼ .. • - . . . . ..•. - ... .... . - . ... 125 - 125 . . .. - •••. 128½-130
Clev.& P,-Cons.s.fd.7 123 -125 126 -127 127 -128 127 - 128 124 - 125 . ... - .. . . .. - .... 125 - 125 124 - 124½ 126 -127 124½-125 122 - 125
.. . - . . . . ... . - .. . 110 - 110 ... - .... .... - ... .
4th ...................... 6 . . . . - .... 110¼- 110¼ 111 -111 11.0¾-110¾ .... - .... 109 -109 109 - 110
St. L.V.&.T. H.-lst.'1 . . . . - . . .. 117½-117½ ...• - .... 119 - 119 117¼- 117½ . . . • - .... .... - •. . . 117 - 117 117 - 117 ..•. - .. .. U8 -118 118 - 118
. . . - • .. . .. .. - . . . . . . . . - . .. . . . . . - . . . .. .. - ....
.
.
..
.
.
.
.
.
2d, guar., 1898 ... . 7 . . . . - . . .. . .. . - . . .. . . . . - . . . . . . . . - . . . . . . . . - .. .. 108 - 108
96 - 00,½ 97 -100
Peoria Dec.& Ev.-lst.6 95½- 97 100 - 101 100 - 105 104½-106 101 - 105 100 -100 94 - 95 97¼- 97½ 95¾- 95}( 94¾- 00
82 - 82¼ 88 - 40 . . . . - . . . . . . .. - . . . . . . .. - . . . . . . . . - . .. .
59 - 61 . . .. - .. . . 20 - 20
58 - 68 .58 - 60
Income ... .............. . 6 GO - 50
94 - 97¼
Evansv. Div .... ...... . 6 100 - 100 100 - 100 100 - 102 LOS - 105 .... - . . .. .... - . . . . 95 - 95 9:i - 97½ 94 - '94.½; 94¾- 94¾ 95 - 95
85 - 40 .... - ... . .... - ... .. ... - ... .
Evans, Div., income . . 6 .... - .. . . 53 - 53 .... - ... . . .. . _ .. .. . . . - . ..... .. - •. .. ... . - .. . . 88 •- 41
- 101
101
....
....
-100
100
.
...
Peoria&Pck.Un.-lst.6 98 - 98 100 - !00 100 -103 104¾-l ~ 108 -104 .... - ... .. ... - ........ - .. ..... .
Phil.& Read'g-Gen . . . 6 ... . - .. . . .... - ... . . ... - .... !01},,!-101¼ .. . . - .. ...... - .... .... - .. . . . ... - ... .... . - . . . ... • . . .. .... - ........ - ... .
Deferred inc. . .... . ...... 28½- 28½ . . . . - . . .. . . .. - . . . . . .. . - . .. . . . . . - . . . . . . . . - . .. . • • • . - • • . . . .. . - .. .. .. .. - . . . . . .. . - .. . . . . .. - . .. . .. . . - .. . .
Pull,Pal.CarCo.- Deb.'1101 - 106¼ .. .. - .... 107 - 107 102 - 108 .... - ... . .... - . . ...... - .. . .. ... - . .... ... - .. . .. . .. - ..... ... - ........ - .. . .
50)4- 52½ 50¾- 50¾ 50)4- 52
50 - 51
50 - 54
50 - 52
50 - 00
51 - 70
68 - 70
64 - 67¼ 69 - 71
Richmond & All.- ht. ,- 65 - 66
92 - 93½ 91 - 98¼ 98¼- 00½
93 - 94
9Z½- 04
92½- 94
96½- 98
Rich. & Danv.--Cons .. 6 98 - 94¼ 94 - 90¼ 95¼- 99 US - 100 95 - 99
50 - 55
50 - 50
- 54
47
56
50
60
55
50
45
50
40
59
49
60½
ISd
02
60
00)4- 62
Debenture .. •......• ... 6 59¼· 62
Roch. & Pittsb.-lst ... 6 10'7¼-108 105 -109½ 110 -112¾ 112 - 113¼ 110 -110 10'7 - 108 104 - 10'7 106 - 100 108 - 103 106 - 107½ 100 -108 108 - 108
88¼- 90 78 - 80 713 - 80 85 - 88 . ... - . . . . 85 - 87 89 - 90¼ 88½- 00
94 - 93n, 89¾- 94
92 - 00
Consol., 1st ..... ...... . 6 91 - 92
55 - 55 .... - ... .
55 - 55
55 - 55
- ... . 45 - 55
5o - 60 ... . - . . .. .. .. _ .... , 40 - 45 . .. . - . . . .
Income ........... ........ 6 45¼- 56
.... - .... 109 -109
.. . . 100 -109 .... _ ........ _ .... !. ... _ .. .... .. _ ........ - .. .. .... - .... .... - ... . ... Ro1neW.&O1i.-lst ... '1. ...
67 - 70½ 70 - 74
6S½
67¼':O¼
68¾70¼
64¼- 69 68¼70
71
Con., 1st, ex •. ... ..... . 65½- 68 67 - 'il'Jii 70¾- 7i¼ 7C _ 75
88 - 84
82½- 88½ 82 - 82 .... - . .. 27¾- 80 25 - 25 25 - 25 80 - 81
86¼- 42¼ 84"- 85
Income . .. •······ · ..... .. . 7 80 - 82½ 84711- 88
.. - .... .... - ... . 112 - 112 •.•• - ••• .
- ........ - .. ... . . . - . ..
'St.L.Alt.& T.H.-lst .. 7 112}1;-118¼ 114 -115 .... - .... 117~.(-117¼ 118 - 118
... - ........ - .•• . 107½-108
2d, pref..... . ............ 7 112 - 112 109 -110 110 -112 113 -us 112 - 112 100 -101 106 -108 .... - . . .. 112 -112
2d, income• ..•....... ... , ... . - .. . . 108 - 108 ...• - .... 105¼-105~ .... - .... 100 -100¾ 99¼- 99¼ 101 - 101 101 - 102¼ 102½- 108 ..• - .... 100½-100¼
. . - . .. . . . . . - . . . . . . . . - ... .
.
.
rn
85
42
so
21 - 80
20 - 25
45 - 45
. . - . . .. 47¼- 55
55 - 58
Dividend bonds ... ... . 6 55 - 55
lHS -115 .... - ........ - ... . . .. . - . .. . .... - ........ - .. . . .. . . - , ... .. .. - ... .
... Bell.&So. 111.-lst ... 8 117 - 119 120 -120
110 -1!4 110 -112 118 -118 110 - 112 107 -10'79' 110 -111 111 - 112 lll¼-118
St. L.& Iron Mt.-lst .. 7 115 -115¼ US -lH}( 114
2d, 1891 .. .. . . . ..... .... ,. 106'4-108¼ 11)8!,(- 109¼ 110 -111~ 111 -111~ 102¾- 108 99 -103 99 -104 104 - 104½ 104 - 104½ 104¾-105 100 - 102 102 -104
Ark. Branch . •.•.. •. .. ,- 106 -107 107 -109½ 108~-11~ 1~-112 110 -110 101 - 104 101 -105 104 -105 105 -106 106 - 108 106½-108 105 - 106
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
ii2
64 -
164 -
a
64 -
-li'¾ ii4~Ii~
l,
R AILROAD lJONlJS.
1884- f.;Oncloded.
BONDS.
J ANUARY FEB R'RY.
- -- - - - -
MARCH.
MA Y.
APR IL.
J UNlC.
J ULY.
A U GUST. SJDPT'BER, O CTOBER. Nov'BER. D E C'BER.
Low.High Low.High Low .High Low.High L ow .High Low.High Low.High Low.High Low.High Low.High Low.H igh Low.High
----
----
8 t.L .&I .M.-C,&F.1st.7 105 -107 106¾-108 108 - 108¾ 108 -108% 105 -1 08¾ 102 -105 99 - 103½ 108½-105 10$½-105 104¼-106 104¼-106 106 -108
Cairo Ark. & Texas. 7 1053,s-105½ 106¼-107 107 - 108½ 107¾-108½ 108 -108 100 - 100 100 -102 108 -104 108¼-103¾ 102¼- 105 108¾-104¼ 101 -1~
64 - 67¼ 64 - 67
66 - 7S
General consol. mort . a 68~- 78 71 - 7U 74!1:(- 77 70 - 74½ 60 - 72½ 58 - 64 57 - 65¾ 66 - 68¾ 67 - 70
St.P. illinn.& M.- lst . . 7 107 - 100¾ 108 - 109¾ 108½-109¾ 109½- 111 109¾- 112 110 - 115 107½-108½ l09 - 110 109 - 110½ 110½ -111 108 -110 ....
2d .. ....... . . . . ..... . .. .. .. 6 10$¾-110 110¾- 112 112 - 114 111 -112 109 -111 105½-105½ 105½ -108 l C-8 - 109½ 110 - 110 108¼-109 106¼-108½ 108½-110¾
Dakota Extension .... 6 108½-11 0 110½-111½ lll ½-118 113 -118¼ 108 -110½ 106 - 109 107 .:.110 109 -109½ 107¼- 110 109¼- 110 107 -108¾ 108 -109~
1st, cons ol. . . . ......... . 6 98½- 100 99¼-103½ 103¼-105 104!J!-105½ 104 -106½ 101½ -106¾ 98¾-101 100¾-102 100¾- 101½ 100 -102 100 -108 103 -104
.... .. .. - .... 104 -104 .... - .... .... .... .... - .... .... . .
....
.... .... .... . ...
1st consol., rea- . . .. . . .. ti .... - .... .. ..
....
.... . ... - .... .... - .. .. . ... .. .. ...
.... ....
.... ... - ... .
Min. Union- l s t . .. . ... 6 ... . - .... 105 - 107 .... - .. .. ... .
100 - 100
Shenand'h Val. - l s t . .. 7 lOf\¼-107 106 - 110 110½-118 112½-113½ 113 -113 111 - 111 104½-105 164 -105¾ 104 - 105 108½-104 .... .... .... - .... .... .... .... . .. . - .
50 - 50 86 - 38
Gen, mort ............. . 6 .... - . ... 79 - 80 80 - 85½ 81 - 81¾ . ...
~outh Carolina- lst .... 6 ;04 -105 105 - 105 105 - 108 105 - 105½ 105 -105 103 - 103 102¾-103 100½-108 102¾-108 98~- 99 10()¾- 103 103 -108!,(
. ... ...
.... .... - .... liB - 98 96 - 97 97 - 97 ... - ... . .... ...
... ·oo - 90
2d . .. ...... .. . .. . . .. .. . .. .. 6 ....
51 - 51
....
00 - 51
...
50¼- 50½ ... - .... .... - .... .... - .... ..
. .... . ... .
Incomes. . .. ... ... . .. . . . 6 54 - 55
109
106¼-102
-105
100
i.05
-101
-108
99
108
98%- 9~
100
107½-107¼
109½
109¼98
.
....
...
.
:97
Texas Central- 1st . . ... 7
- 99
80 - 82
95 - 95
75 - 82
80 - 81
79 - 85
89 -:._89
82 - 82
81¼- 84
Tex.&N.O .- S.Div. tst.6 92 - 92 88 - 92½ : 90 - 94 94¾- 96
64¾- 67 68 - 72 69¾- 7 1 ....
.... ..... - ... .... - .... 55 - 60?,( 60 - 61 58 - 58 . ... .... .... - tOC •o
Virdnia Midland- Inc.ti 68 - 65
Wab. S t. Louis & Pac.- •
86¾- 89¼
85¼- 89
88 - 89
General mort ..... . . ... 6 59 - 09 63 - 07½ 65 - 69 44 - 67 38 - 50 82 - 42 87 - 45¾ 44 - 47¾ 39 - 89
71 - 73¼
53 - 70
75 - 76½ 65 - 70
69¼- 78
55 - 65
Chic. Div .... . ... . ....... 5 72~.;- 75¾ 74 • 77½ 77¾- Sl
68¼- 70¼ 65 - 69!)4 67 - 71
.... ... . .. . 80 - 80 .... .. .. .... - ... . ... . - .. .. . ... - .. .... - . ... . ... .... .. - .. . ... .... .... - ...
HavanaDiv . .. ...... .. . 6 ....
80¼- 82
!:"2 - 8.'l
80 - 80
80 - 84½ 80 - 85
Toi. P. & W.- ht ..... '7 105 -107 105 -105½ 108¾-110 107¼-109¾ 97 - 99 91 - 97 !:4¼- 85
....
.... .... - . ... .... - . ... ... . - ... . ... - .... ....
Iowa Division . . . .. .. 6 .... - .... 80 - 80 85 - 85 80 - 81½ . ...
- .... .
...
.... .... - . .. 75 - 75 .... - .... .. .. - ... .... - . .. . . ... - ... . ... . - ... . .... - .... 55 - 55 .... ... .. .. . ...
CairoDlv . . .. . . ... ...... a ....
....
...
..
.
.
....
..
..
...
.
.... ...
....
...
- ... .
Wab'sh- Mort . . 1909. 7 ....
- . ... 70 - 71 . ... ... 78 - 78 70 - 73!,(
- . .. . .... - ....
99 - 102¾ 93~_;-100 .... - .... l02 - 105 101¼-104½ 101¼- 108 101¾-104 105 - 105
Toi.& W.- lst, ext'd .7 107)4-107½ 104 - 105>2 105¾-106 105 -105
99 - 00!1::( 91 - 97~,! !JO - 98½ 88 - 90
90 - 93¾ 90¼- 97
1st, St. L. Div . . . . . .. 7 98 - 101¾ 99 - 10j
94 - 94
91 - 98½ 93 - 96¼ 96½- 96½
98 - 98½ 100 - 101½ 91¼-100¾ 85 - 91 ... . - . ... 74.½- 87
88 - 95¼ 93½- 97½
87 - 00½ 88½- 90½ 87 - 90
2d, extended .. . ..... .. '7 P6½- 99
..:
so - 34 .... - ... ... - ... . . ... - . ... . ... - .. .. ....
Equipment ... . .. ..
7 .. .. - .... .... . ... . ... - . ... .... - .... .... - .... ... . - . .. .
63
50
84
85¾- 87
60 - 60
86 - 87
- 72
. .. 70 - 74 78 - 80 80 - 83
74½- 81-!
Co,&;'ol., conv .. . .. . .. . 7 79
fiO - 60
- 72½ ....
estern- 1 s t ...... 7 106~4- 106)4 103½-104 105 - 105,½ 102½-105 j101 -102¼ 09 - 100 00½-102¼ 102 - 104¾ 102 -102 101½-102¼ l OO!J!-102 104 - 104
Gt.
99,.(-102
87 - 90!J! 89
75¼- 83
70. - 75
88 - 94½ 92½- ~
~d ...... .. ..... . ... . .. .. . 7 9;) - 90 98½- 99
95 -101½ 90½- 98
87 - 91
07 - 105 100 - 101
St.L.K.C,&N.- Rl,E,7 108 - 109 108 -100 106 - 107¼ 101¼-106¾ 100 - 108 98 - 100 100 -101
96 - 101¼ 95 - 98¾ 90¾-102
09 - 108½ 99 - 100
92½- 98
95 - 96
Omaha Div .. . . .. .... 7 100 - 110¼ 109¼-110½ 112 -114 109 -113
98 - 100 100 -100
97 . - 100
99½-102
Clarinda Branch ... 6 ... . - .... ... .
.... .... .... . .. .... .... - . ... .... - ... . 88 - 88 . ... - .... .... - ... .... - .... .... ...
... .
St. Chas . Brida-e . . .. 6 .... - .... 81 - 88 82)4- 83 . ... - . ... 82 - 82 .... - ... . ... - ... 75 - 75 . ... - ... . ·•·· - .... .... - • · · 80 - 80
North, Mo.- l s t .... . . .. 7 116¼-117¼ 116½- 117¼ 118 -118 118¾-118½ 116¼-119 110 - 116¾ 107½ -110 108 -115 108 -110½ 108 - 110 108¼-110 110 - 111
Wabash- Fnn d'd int.Toi. &Wab. 2d .. .. 6 .. ..
... . 104 - 104 .... - .... .... - .. .. .... - .... .... - .... .... . .... .. - ....
- ... .... .... .... - .... .
. ..
Warren- 2d .. . . ...... .. 7 .. .. - . .. ... . - . .. ... . - .. .. .... - . . .. 118 -118 .... .... .... - . ... .... .. .. .... .. .. - .... .
....
West. Un. T e l.-Coup .. 7 118 - 114 114 - 115 115 -115½ 115¼-115½,110 - 110 105 -107¾ 107 -110 112 -·112 ....
.... 110 -110 l OS - 108)4 108 -108
Rearistered .. .. .. .. .... 7 1127,11-113 114¼-114% 114)4-117½ 115 -115¼" lllY,j-1:i.2
- .... 106 - 110 11: ¼-111½ 1113,s-111¼ .
... . 109 -109 107 -107
- ....
-
-
-
-
-
-
.
-
-
-
-
-
-
-
-
... -
....
- ....
- ....
- ....
.
-
-
-
-
... ...
.... . ... - .... ....
... .... - ....
- ...
.... .... - .... .... - . .... - .... - . .... - ... - ...
.... ... -
-
-.
-
-.
-
-
-
-
-
-
~.£
-.
.
-
..
-
...
j
...
.... .
-
-
... - ....
... -
... -
1ssa.
JANUARY FEBR' RY.
MARCH.
APRIL.
MAY .
J UNE.
JULY.
NOV'BER. D EC'BER.
AUGUST. SEPT'BER O CTOBER
80 - 86¾
Atlantic & Pac, - 1st . .. 6 75½- 77½ 73 - 74¾ 69 - 74½ 60 - 73% 71 - 74¼ 71 - 7U 70 - 72 70¼- 72% 70)4- 72¾ 71 - 80¾ 80½- 84.
16¾-· 17'4 16¾- 24¾ 28¾- 27¾ 21)4- 25
West. Div.- Inc•ome .. 6 '. 6¼ · 18½ 16¾- 18¼ 18¼- 16¾ 13½- 17 15!J! · 17 15¼- 161}.( 14¾- 16¾ 15¾- 20
Bait. &O.- 1 s t, P.Br . . 6 . .. . · .. .. . . . . - . ... . . . . - . ... . .. . - . ... 117½-117½ . . . . - . ... 121 ·121 121 -121 . .. . - . . . . 119 -119 .. . - . ... . . ..•
Gold, 19~~ .. . .. . ... .. .. ~ .. .. - ... .. . . . - . . .. . . . - .. .. . .. . - ... . . . . . - . . . . .. .. - . . .. . .. . · ... . 104 .. 105 108¾- 104½ 104¼-106¼ 106)4-107¾ 107 ··108½
- . . .. .. .. - . ... 20 - 20 . . . •
Bost.B,& Erie, - )st .. 7 11½- 11½
Bur. c. R. & No.-lst .. 5 lOl ljf-105 l i\4 -105¼ 105~-106½ 106¾-108½ l v7¼ -108 105½- 107¾ 100½-108½ 108~-109¼ 108 -109½ 108¼··100 108½-109)4 106¼ ·108½
U9½- 99½
07%- 977,11 98 - 98¾ 95.½- 97½ 97 - 98
95½- 95½ 97½ - 00
OU½ · lll¾ 91 - 91¼ 95!J!- 06¼ 95½- 96
Cons . 1st & col. tr .. . ~ 00 · 90
- .... . ... - . ... 113 -118 . ... ·- . ....... - . .. . ... . lowaC, & W,- 1st . .. 7 .... ....
-140
140
...
.
....
..
.
Min. & St.L.- lst,iiu .7 .. . . Ced. R.I.F,&N.- 1st6 . . .. - . . . . 108 - 108 108¼-110 107 -107 1087,1i-108Ul107¼-!07½107 - 107¼ . •.. - .. .. 109 - 109 108 -108 ... .
90¼- 99¼ .... 9U - 96 . ... - . •.. 06 - 96 ... . - . . .. ... . - . .. 96 - 96
1st, 1921 . .. .. .. . .. . ~ .. .. 40%- 46¾ 41½- 49½
· ..... . .. - . .. . ... - ... 89½- 80¾ 39¼- 39% 38¼- 48
B.N. Y.& P.- ht, 1921.6 ... Central Iowo.- lst ... .. . 7 *85 - 91½ *91¼- 95 *117 -101 •100 -102 •i;5 -100 *95¼- 96 *93½- 97 •90 - 91½ •92 - 94½ 94 - 101 *102½-107 *106¾-110
- 67¼ f.17 - 70
64
66
58
57
•
55
57¾
54
.
.
..
.
..
.
..
.
.
.
.
.
.
Eastern Div .- 1st ... . 6 .... · .. .. 60 - 60 60 - 60 60 • 60 fS7 - 58
68 - 60½
64 • 66 I 65½- 67
Ills . Div,-lst, 1912 6 .. . . Cent.otN.J.- lst,1890 ., 114 -114¾ 109 -112 •109 · 11 1 •110 - 111½ *11½- 112 *112 - 113½ *118 -114 1*113 ·118½ 110 -110 111 - 111½ 111 -111¼ 112 -112
Consol., assented ... . . 7 94¼- 99¼ •95 - 99¾ *98 ·-102½ *92 -100 *98 -100 *00:J:i-105 *99 -104½ *103 ..105¼ 101¾-103½ *102½- 106 •105¾- 07~ ' 104¾- 06%
9-1 -102½ 100¾-103½ 102½- 108 100 - 104 103 -105~ 102½-105¼ 102¾-106¼ 106¼-109 106 -107½
Conv,, assented .... ... 7 94¾- 100 95 - \19~ 95 -102
AdJustment . . ....... . . . . 7 100¼-103 102!J;!-104½ 108 - 108 103½-107½ 104¾-108 lft5¾-108 108 -108¾ 108½-1~ 108½-110 108!1:(-110¼ 109¼- llO¼ 107 - 109
1
62¾- 65½ 63 - 64½
63½ - 68
63 - 66
60 - 64¼ 64 - 70
62½- 62½ 61 • 6';>,¼ 61 - 66
5-l - 75
65 • 70
Conv. deb . . . .. . . . . . . .. 6 68 - 68
95 - 97½ 99 -109 108½-107¼ 104 -105
05 - 9i!J;! 97¼- 99
9!!,t- 118
95 • 00
92½- 98¼ 90 - 97
Leh.&W.B,- A88en t 7 87~- 90 88¼-100
80 - 80
77 - 77
76 - 76
- . . . . 70 - 74 . . . . Income .. .. ..... . . ...... 7 . . .. Am, Dock & Imp .. .... ~ . . . . - . .. . .... - . . . . 80 - 82 83 · 84¼ 83 - 83 827k 83½ 80 .. 84 88½- 87 88 - 84¼ 83 - 88½ 85½- 87}t 88 · 89½
-111
111
110
110
-110
110
...
.
.
...
Ches; &O, - Pur.M,fd .. 6 i12 -112¾ .... - •. . . ..•. • .. .. 109 -109 109 -110
063,s- 96¼ 96¼- 99'¼ 102 - 102 102 -104 101 -101 101¼-101½ 101 - 105 108¾-105½
06 -101
Serles A .... .......... . . 6 102 -104 108½-104¾ 104 -110
58 · 72¼ *58 · 61 *583,s- 61½ *60 - 66 *65½- 72½ '"68½- 71¼ •63 - 72% •69¼- 78¾ *76¾- 80
Serles B .. . ...... .. . . . . 6 70¼- 74!J;! 70¼- 76¼ 73 - 79
S8 - 36¾
25 - 28½ 21) - 29¾ 28¾- 86
20 • 24½ 28¼- 29
18½- 20
16 - 19
Currency............ .. . 6 23 - 26 28¼- 26!J! 24 - 26½ 14 - 23
84¼ - 90¼ 00 • 97¼ i}fl¾-100
87 - 87
- . . . . 86 - 86
90 - 90 . . . • Mort., 1911 . . .. . .. .. .. . 6 .. .. - ... . 92 - \12¼ 92 - 92
85 - 90
84
88¼81
80
77
75
76
72¼72!J;!
70
..
..
79 - 73 ... . 70 - 72
Ches. o. & S . W . . ... 5-6 70 - 71
• . . . . 1.... - . . .. . . . . - . . . . . .. - .. . . 119 -120¼ 121 -121
Chic, & Alton- 1st . . .. . 7 116,¼- 116½ . .. - .... 118¼- lll:% .. . . - . . . 119 -120 . ... Siokinar fund . ... . . .. . .. ff 119¼-119¾ .. . - . •. . ... - . . . 1121 -121 ..... - ••.. 120 -120 122 -122 .. . - .. .. 128 -128 124 -124 121¼-1 21½ 121½-121!/
- . . .. 121 -121 121¼- 121½ 122¼-122¼ 121 - 121
Lou.&Mo.Rlv.- tst .7 .. - .... 118¾-118¾ 120¼-120½ ... .
- ... . V .3 - 120 . ... - .. .. 118 - 118 . . .. - ... . 119 -119
2d, 1900 ... . . ......... 7 . ... - . . ..... . - ....... - .. ... ... 120 -120 . .. . - .... 117 -117¼ 118¼-119
St. L,J.& Uhlc,- lst .. 7 117½-117½ 117½-118½ .... - ........ - .. . . 1177-1- 118½ 119 -119½ 119¼-119!1:( . ... - . . . . .... - . . ..
2d (360) .. . . ... .... . .. 7 125 -125 .... - .... .. .. - .... . .. .
Ohlc,B.& Q.- Consol. . . 7 128½-18 1¼ 130 -181½ 181~t- 138 182 -138 183 - 184¾ 135½-136 182½-185 183¼-185 184 - 186 136%-137¾ 185¾- 137 186½-188
Debenture . ....... . ... . lj 96%- 97¾ 97¾- 99¾ 98¼- 100 99!1:(-101½ 99 -101¾ 101½-104 103¼-105 104}, -105 108!1:(-104¾ 103!J;!-106½ 103¼- 105 104¼-107
977,1i- 08!,,; OS½- 98¼ 97)4- 08½ 96¾- 07¼ 99½- 99¾
94¾- 95¼ 96¼- 98¾ 98 - 90
Iowa Div . . . .. . .... . .. 4 98¼- 94~ 93¼- 94¼1 96¼- 96½ 94 - 94
96 - 96¾
04%- 96¾ 95 - 96
95 - 95¼ .. . - .. .. .. . . - . .. . 97¾- 07½ 95 - IJ5
Denver Div., 1922 ... 4 98 • 93¼ 92 - 99 92¾- 94¼ 94¼- 95
- . ... . .. • .. . . .. . . - .... . .. . - .. . . 05 - ll5
Plain . . ... .. . .. . ... .. .. . .. 4 . . . . - ....... . - .. .. 897/li- 89¾ ..
Chic. & E. 111,- lst, s.f . ti 106 -108 ••• - . . . 1013 -109¾ 111 -113¼ 112¼ -118½ 111 -111 110¼ 111~ ll~-112 lll¾-115 115¾- 118 117 - 117 115 -116
90¾- 98 94¼-100¼ 99 -100 99 - 99¾ 98½- 99 98¼ - 00¼ 98½- 103 99¾-104 104 - 1G5¾ 107 - 111½
tetconsol., irold . ... ... 6 .... Chic. Milw, & S t. P,... - . .. . 181½-131½ l SO!J!-130¾ 131 -184 183 -183 180¼-182 181¾-188 134 -134½ 185 - 185 134¼- 185
.
-130
130
..
..
.
.
..
8
...
.
..
lst P. D., 1898
128 -123 125½-125¼ 128 - 125 125 -128
2d, 1898 .. . .. . ... '7 3-10 128 -124½ 118 - 118 118½-119 llS!J!-118¾ . . . - . ... 121 - 124¾ 124 -126¾
ht, a-old ... ... ...... ... . . 7 .. - . .. . 127½-127½ 130 -180 127 -180 180½-130½ 180½-181½ . . . · . . . . 120 -129 127½- 129 120 -130¼1 129 - 129 130¼-182½
1st La Cross e Div ... .1 116 - 117~ 117 -117¼ 117¼-118¼ .. .. - .... 118½-119½ 1111 - 121 118 -118½ 118 -110 118 -118 118 -118¼ 118:1(-120 120 -128¼
........ . - . . .. 122 - 122½ . ... - . .. .
ht I, & M. Div .... .. .. 7 117,½- 118½ 118½-119½ 119¼-120¾ 120½-121½ 122 -122 121 -121 ll8 - 119 120 -121
.. . - .... 119½-119½ .... - .. .. 128 -128 124)4-124¾ 122 -122 120 -120 ., . . • . . .. 125 -125 1125 -126
bt I. & D. Div . ... . . 7 11 9 -119
. . . . . . . . - .. .. . . . . - .. . . .. . . · .. . . 129¼-129¼ .. .. - ... . 128 -123
let C. & M. Div .... ... '7 125 -125 126 -126 128 -128 127 -127 130 -130
Consol .... .. .... .. ....... 7 118 - 119½ 118)4-120½ 120½ -121¾ 121~-124¾ 124 -125 l25¼-127 124½-125¾ 124¾-125¾ 126 -128 126 - 128Ji 128 -180xi 180½-131
ht I. & D. Exten . . ... 7 117¾ -11~1·· ·· - .. .. 110¾-12C~ . .. - . . .. 122 -123 11227,1i-124 121¼-122~ 122 -123 {122½-128 128 - 125~ 126 -126 128¾- 129
ht So. West Div .. .. . . 6 109 -110½ 110½-111 110¾-111 ¼ 111" Ill~ 112~118 .... - . . . .. . . - . .. . 118 -114¾ 114¾-114¾ 115¼- 116 , .... - •••. l l ~- 11 7¾
97¾- 97¾ . . .. - . .. . 9~- g~ ~ - 100 .... • . .. . 98 - 98H .. . . - . ... 102 - 102 ... . - •••• •••• - •••. 1()5¼-106
let La C. & DaY .. . .. . :J 96 - 96
1
•eou,on~
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
RAILROAD .BONDS.
I88G-<Jontinued.
JANUARY FEBR'RY.
BONDS.
MARCH.
APRIL.
JUNE.
MAY.
JULY.
---- - - - - - - - - - - - --- - - --
I
.
I.
AUGUST. S EPT'BER. UCTOBEH. NOV'BER. DEC'BER.
Low.High Low.High Low.High Low.High Low.High Low.High Low.High Low .High Low. High Lo• . H;gh Low. liigh Low-:-,;-,,.
--- - - - -- - - - -
Chic . Milw. & St. P.1st So. Minn. Div . .... 6 107 -109 109 -110~ 109½-1l2 lll➔.(-112¼ lll½-113½ 112¼-114¼ 111 -114½ 112½-113½ 112¾ -113½ 113 - ~15 115 - 116 116 -117
1st H. & D. Dlv . . ... . . 7 117 -117 118 -119 118¼-119~ 1197(- 120½ 120¼-123 122¾-123 120¼-121 120¼- 121 121 -122¾ 122%-125 125 -1~ l:t5¼-127
Chic. & Pae. Div ... .. . 6 112 - US 112¾-llS .. .. - .... 114 ·114½ 115 -115½ 115¾- 117 113 - 114 116 -11 6½ 117 -117 · • •;
....
- . .. . 121 -121
Western Div ... . .. ... ~ OS¼- 04}( 9~- 05 ~-95½ 04¾- 95'"' 95½- 98 97¾- ~ 97 -100
98 - 100¼ 99¾- 101¾ 101¼-103 102¼ -105¼
98¼- 99
.... 95¼-05½ . - ... ... ... 97 - 97¼ P7¾- 98¾ 96¼- 98 97¾- 99 99 - 09¾ 99~- 100½ 101½-10H1 100½-103
Mineral Point . . .. ... . . ~ ....
Uhie. & L. Sup. Div .. ~ ... - .... 97¾- 97¾ .
.... - . .. . . ... - ... . .... - . .. .... - .. . 105¼-105¼
- .... ... - .... 98 - 98 .... ... .. .. Wis.& Min. Div .. ... -~ 93 - 94 93¼- 04¾ 93¾- 94¾ 937,4-- 95 04¼- 97 96¾- 99¼ 96¾- 98½ 07¾- 98
97 - 99¾ 91)% -100¾ 101¼-102½ 102 - 104
91¾- 92
89 - 91¼ 91¼- 93½ 93 - 95¾ 92¾- 94¾ 93¾- 95
98¾-101½ 101¼-104
Terminal . ... . ... .. ..
91¾- 92½ 90 - 93
93½- 95
94¾- 99
.... .... . .... - .... .. .. - .... .... - . .. . .... - ... . ... - ... .... - . .. Ill --113~ 113 -114¾ 115 -115
Fargo& So.-Assu .. .6 ... . - .... . , ..
Chic. & N 01•thwest.S. F., 188~ . . . .. . . ...... 7 104¾- 104½ lOl'J,s-101¾ 102¾-102¾ 102¾- 102¾ .... - .... . .. .
.... .... - . ... · • ·· - ... .. .. . - . .. . .... - . .. . ... . - ... .... . - .
Consol. .. . . ... . .......... ,- 134 -136 135¼-136 136¼-IS'i¼ 137 -137¼ 135 -138 137½-141 138~ - 140 137~- 138 137½-138 138½-139¼ 138 - 139 138¾-139½
.... .... - .... 102¾-10~ 102½-102!><..i 103 -103 ..... .... .... - . ... ... - . .. · •· · . .. . .... - .... . ... - .. . .. •• · ):xtension, l~S~ ... .. .7
1st mort., 188~ ... .... .7 104¾- 105¾ lCll½- 102½ 102¾-102¾ 102¾-102¾ 102¾- lOS½i 103 - 103¾
.... . - . ...
- . . .. . ... . - .... . ... - · · •· .... - ... . ... Gold, eonp .. . ...... ., . . . 7 125 -128 127 - 1287~ 128¾- ISO 128½-lSO¾ 130 -131 127½- 129 130 - 132½ 128 - 130 123%-129½ 130 - 131½ 132 -133 128¼1 130
Gold, 1·ea-. ... . ... . .. .. .. . 7 124½-128 126¾-128 128¾-129 123¾- 129 .. . . - ... . 128¾- 129 131½-131½ 127 - 1~½ 127¼-129½ 129¼-131½ .... - .... 129 -129½
Sinkina fund,eoup . . .. 6 110½-112½ 112¾-112½ us - ns 112½-112½ 114 - 114 113 -113 112¾-116 117¾- 118 118¾-121 117 - 117 115¼-116¾ 116 -117
Rea-istered . ... ..... . . 6 111 - 111 lll¾-111¼ 113 -113 112¾-112½, . . .. - .... 112½- 113 ... . - ... . . ...
.... 118 -118 ... - . .. 115½ -115½ 116¾-117
. Slnkina- fund, coup . . -~ 103¾-104¾ 105 -105% 104¾-107}-tj
- 105¼ 105 -106 106~-lOtl½ !07 - 107 108¾-110 107 -107½ 106½- 108 107¾-l 10
" Registered . ..... ..... ~ ·• ·· - .... 1()4:}_(- 105 ..
....
... . 106 -106 .... - .... .... - . .. . ·• ·· - ... . .... - .... ... . - .. . 108 - 108¾
Debenture .... ... . .. ..~ 94 - 95¾ 04¼- Y7
96¾- 98 97¾- 99¾ 96¾- 99
\19 --101¾ 101½- lOS¾ !02½- 102¾ 101½-102½ 102¾-106 103 - 103½ 102½-104
2~ yrs, deben., 1909.~ 93¼- 04J1! 94 - 96½1 95¾- 97¾ 96 - 98¾ {15½- 97
96¾- 100!,,i 100½- 103 101 - 102?:, 10{)¾-101¼ 102 -105 102 - - 102➔J 102¾- 104
Esen.n.& L.Sup.- lst .6 ... - . ... .... - . . . . .. - . ... .... - . ... . .. - . ... .... - .. .. ....
.. Ill - 111 . .. - . . . . ... , ... 114 -117½
. .. ....
Iowa Midland-1st .. .8 130 -130 ....
....
- .. .. .... - .... 130 - 130 132½-1S4 135 - 135 .... - . .. . ... ... ... . 133 · 133 , . .. . . . . 132 - 133
Chic.& Mil,-tst . .. .. .1' 121 -122½ 121¾-123 124 - 124 .... . - .... 125¾- 127¼; 127 · 127 ... . - .. ... - •· · . ... . - . 129 - 129 129 -1 29 128:):(-128¾
Winona & St.P.-lst.7 104½-1053' 105-¼- 106¼ 106 -107 l<>e½-106½ 106¼-107¾ 108 -:09 104¼- 105,½ 105½- 106 105½-106 105¾-106 1061)i-107 106¾ -107
. ... 125 - 125 126 -127 126 -127 125 - 125 1126 -126½
!ld .... .... ... ... . . .... ... 7 ...
....
· •• :
- , .. . ... - . ..... - ..
Ottum. C. F. & St. P.~ 100½-101½ 101 -108 100¼- 102 10()¾- 10111! 101¾-102¾ 102½- 103¾ 104%- 105 l05½-105~ 104¾{- 105¼ 105!,4-106½ 1Ctl)4- 106½ 106 -106¾
Chic. R.I. & P.- Coup .. 6 125¼-127% 128 -120 128¾-130½ 129 -129¾ 129¾-131 1131½-133¾ 130 - 131 ½ 128>~- 131 130½- 130½ 181 - 132 131 )4- 132~ 182 ·-132¾
Registered .. . ..... .. .... 6 126¾-127 127½- 1271,11 128%-129½ 129½-129½ 129½- 129½ 132 - 133 130 - 130 ....
. ... 129 - 130 131 - 131 131¼- 131¾ 131 -132
Exten. & Col . . .. . ..... ~ .... . - . .. 105!4-106¾ 107 -1077,11 107¾-108¾ 108%-109 100¼-1097_/4 107¾-110!4 110 · 11 0¾ 110)(-110!4 109 -110¼ 109¼-110¾ 110½-111
Keok' I,&DesM.-1 st,ii 104½-104½ 105 - 1(,7 107½-108 .. .. - ... . 107½-108 107¼-108½ 108½- 109½ 109 - 109 109 ~109 109 -109 109 -109 108½ -110
Chic. & St. L. - lst . . . . . . 6 .... . - .... . ..
.... .... - .... ... . .... . .... - ... . ... - .. . .. . - · • • · . .. - . .. . 102¼- 102¾ 102¾- 103 103 -103 108 - 108
00 - 90 ... . - ....
88 - 88
85 - 85
. .. . .. .. . .. . 78¼- 78½ 76 - 76 79 80 ....
Chic.St.L.&Pitts-lst.~ 75 - 75 ...
... .. . .... - . ..
Chic. St.P, lUin.&Om.'
Consol .• 1930 . . .. . . .. 6 111 - 112 111¾-113½ 110½-112 110¾-112½ 111 -11-t ll~- 112 lll½-112¾ 111 -113¾ 113 - 11474 114 -116¾ 116¾-118 117 -119¾
Chie.St.P.& M.- bt . . 6 117 -117¾ 118 -119½ 120¾- 123 120½-122 118 -119½ 119¾-121 121 · 122 122¾-123 123½-123.½ 123¼-124 121 -121 123 - 123
llst. P. & S. City-1st . . 6 116%-117½ 119 -119 120 -121¼ 117½-118 llS,)4- 120 119½-121½ 120¾-122 121¾ -122 121¾-123¼ 122 -122½ 122½ -1 23 123 ···124
..
CJ1.&W.I.-lst,s.1.'19 .6 .... - .. . .. .... - .... .... . - .......
. ... .. ..
.... . ... - . ... . .. . - . .. . 115½ -11 5½ . ... - . . . 115 -115 ..... ..... .. ..
Gen. mort .. .. . . , .... . . . .6 ....
.... 103½- 105½ 105¾- 106 103!,4-103¾ 105¾-106 105¾ - 106 105~ - 105¼ 96%- 97!4 .... - . .... 107 - 108
-· ·· 103¼-104 ....
- ... .... - . ... .
Ci u .& S.-· Gu.C.CC.&I.7 110½-111¼ 111 -112½ ·-· · - .... 110 - 110 .... - . ... .... - . ... 10& -110
. .. - ·•· · 110 -lll 1077,11-113
... ... - . ... 109 - 109 ... - .... . .. .. .... . . . - . . 112 ·117½ .... - ..... 118 ·-118
Goar. Lake Shore .. . .1 112¾-llS 115 - 115 114 -114 .. ..
125
122~-123
121 · 123
....
....
124
-124
·
125
.
Cl. C- C.& I.·-lst, s. fd.7
- ... . 122 -122 125½- 125½ 120 - 121½ 120 - 121½ 121¼- 122¾ 122 -122
Consol. . ..... ... ... .. .. . . . '7 119 -119
.. - .. . . ... . - . ... 121 -121¾ . ... - .... .. . - . ... 114 · 115 . .. - . ... 118½-119½ 119 -120 ... . . . ... 121 · 122
Consol. S. F ...... . .... . 1 .. .. - .... 122 -122 124 -12-l 125 .125 121½-121½ ... . - .... . ...
. ... 122 - 122 123 -1 28 . ... - . .. .... , - ... . ... . - . ...
97 - 103 102¼-107
99 - 100
General eons .. ... .. .. ~ 98 - 98),( 98 - 99
98½- 98½ .. .. - . . . . ... - .... . . .. - . ... ... . - . .. . .... - · · · ·1 96 -100
6() - 62
77
85½- 89
86 - 92
74
89
66 - 66
78
rol. Coal & 1.- 1 st,eon.6 56 - 59 57 - 70
60 - 65
66 - 70
60 - 09½ 65½- 78
. ... . ..
...
.
...
....
.
.
..
.
... Consolid'n Coal- Couv. 1
- . , . .... - ... . 10479- 104½ . .. . ·- ·•• · . ... - .... ... . - . ... .... - .. . ··•· - . .. .
76
72 - 74
78½- 80
83
Col.H~ Val.& T.-lst .. -~ 61 - 61
60 - 70
74 - 76¾ 75 - 76
75 - 75¼ 74
80½· 85¼
7b - 76½ 74¾ - 77
76
....
Vumberl'd & Pa.-lst,6 .... . 102 -104 .... - ....
.... 101¼-101¾ 101½-101¾ ... . .... .. .. - .... . . . , .... .... . - .... . ... ·- · ·
. .. ... . - . .. ... - .... ·•··
2d, 1888 ..... .. .. . .. . ... 6 .. .
. ... .
.. .. ... .. .... ... .... .... - . .. 103 -108 103½-103½ ... . . ... - . .. . .. - . ....
Del.&Hud.C.-lst,'91.7 109!,.(- lll 112 -113 :12 -113 112½- 114 114¾·115½ .... - .. 112½-112½ 113 -113 114¾· 115 114¾ - ll 5)4 115 - 117¾ 116½- 116¼
Coupon, 1894, . . ..... . .. , 117 -117 117 -118½ 118¾ ·119 115 - 115 116 -117 !17 - ll7 117 - 117½ 118 ··118 120 · 121½ 117 - 118 11 7%-11 9 111! - ll9
. ... Reg., 1894 . . . .. . ... .. .. 7 117 - 117 .... - .... . • • ·• • - .... .. .. - . ... .. .. - .... ... . - , .. 118½-118½ ... - .... 120 - 120 . .. - .. . . . ...
Penna. Div.-Coup ... . 7 lSl½-132¼ 131 -133½ 131 -131 131 · 131 135 - 136 136 · 136 137 -137½ .... - .... 131½- 133 133 -133½ 134½-134½ 134½- l &'I
... . ... . - . ... . .. . .... 136 ··l8d ··• · - .. .. .... - . ... .... - . ... .. . . ... . .. , . . . .. .. ..
Penna. Div,-Reir . . . . 7 131½-132 .... - .. .. ....
Alb.& Susq.-lst m . . 7 .... - . .. . 110 --110 109 -1 09 .... - .. .. . ... - ... . • •• O - .... 109 · 109% .. .
. .. . .... - ,,,., . lll¾-11 2 110¾- 110¾" 110½- 110½
.. ..
. . .. ....
10$¾-103¾
104¾105
j) 2d mort . . .... . ...... . .. 7
101¾-101¾ 101%-102 102?(-102½ .... - • ••w 108 -103 103¼-103½ · · • ·
104%-104½
' • • ·
127¾ -129 128%-129½ 1~9 · ISO
1st, cou.,a-uar ... .... 7 ··· - . ...
127½-127½ 128 -128 128 - 129 128¾- 129)4 129¾- 130 ....
. .. . 130 - 131
.. . .. .. .. .. .. . ..
1st, eon. lll'Uar., rea-.7 120 - 120 .... - .... .... - ... .... - .. .... - .... . ~.,. - .... .. - . ... . .. . - . ... . . - .. ... ....
11ft eon. a-uar . . ... . ... 6 112 ··112¼ 112½-112¾ 114 -115 lll:i{rll2 112 ··112½ 112¼-115¾ 115½-116 116 - 116½ 116½-118¼ 115 · 116½ 116 · 116½ 116),(- 117½
.•
1,.t, eon. a-un.r., reg.fi ... .. - .... ... . - ... .. .... - .... .. . - . .. . .... - .... ...
... .. .. - ... .... - ... . ... · ·• · .·. - .... 114 -114 .. .. . .. .
.. . 137 -137½ ... .. . ... 140 -140 140 -140 140 - 140 140 -140 14') -140 · • ··· - ... . 143 - 143 .... - . ... 142½-142¾
, Rens. & Sar.- Coup .. 7 ....
Del .Ln.ek .&W .-Conv. 1' .. ..
.
..
..
.
,
.
..
.
...
... .... - •· ··
....
.... .. . . .. . .. . ... 118 -118 .. . - . ... 118 - 118 114¾- 115¼
Mort., 1907 .... . .. . ... 7 .... - .... 130 -130 182 -134 132¾-132¾ 133¼-133¼ 136 ·136 135 -135 136 -136 137 - 137 .... - .. .... 1.38 -138 137 · 137
Syr.B'n.&N.Y., lst .. 1 .. .. - .... · •• :
... . 127½-128¾ 125 ·126 .. .. - ... . ... . - .... ... . - . ... 135¾-135% 135¼- 135% .... - . .. . .. - . .. . 133 - 133!,n
Morris & Essex-lst .1 134 - 136 187!,fi-138 138¼-140 138 - 140 140¾-ltO¾ 142 -144 140 - 140~ 141 - 144 143 - 143¾ 143 -144 141 -141 141 - 141
2d 1nort .. .. .... .... ... .7 ll~-115 .... - ... .. 112¼-115 114 - 114¾ 11-1¼· 114½ 114½- 117 117 -117½ ... - ... 113~ -114¼ 113½-114½ 114¾-115 114 -115¼:
. .. ... .. .. . ... 1 .... - .... .. - ... .. ....
.. .
1900
- . .. . ... .... 122 - 122 120 - 120 118 - 121 .... - .... .... - · •• · 129½- 129½ .... - . ..
. .. . .... - . .. . 124 - 126 124¼-126 11.l4¼-127 ... . - .. .. ....
. ... 124 -124
7'8~ 1871 .. · · ·· · ·· ··· ·· ·"' 122 - 122 125 ·-125 123 -125 122 - 122 . ...
Consol., a-1111.r . . . ... .. . , 12$¾- 124 123 - 124 124 -125 124 - 126!,4 125¾-128 124 - 125¾ 125 -126 125½-126½ 126 -127¾ 128 -130 130 -133 129 - I SO¼
-1
18
N. Y. L. & W.-tst . .. . 6 117
119 - 120 ll9.l-(-122 122 -122 120¾-12:: 122 -124¼ 122½- 125 124 · 124¼ 121½- 124½ 122¾- 124 123¾-125 125¾-128
Coustruction . . .. .. .. ii 96½- 97¼ 95 - 95¾ 95¾- 96 9~- 97¾ 97¾- 99 99½- 100 lOQ¾- 102½ 100 - 101 100½- 101 102 · 104 104 - 105 104 -106
Denver & Rio G.-lst .1 80 - 86
84 - 92.~ 89 - 90
89½- 04
93¾-102 100½- 106 104)4-112 108 -112 111 -11 6 115 · 118¾ 117½- 121 113 -123
77 - 85½ 83 - 88½ 83¾- 87
Consolidated . . ... .. . . •7 46'4- 48¼ 46¾- 50 48~- 49½ 50 - 52¾ 51!,(- 57~ 54¼- 56!1! 55½- 64¾ 64½ - 73
68½- 78
..
· Trust Co. receipts .... ....
... .... - , ... . ... - .... ... - .... .... - .... .... - O••• ... . - .. .. .. .. - . ... .... - . ... 82 - 85 83¾- 87½ 85¼ · 93
Denv. Rio G.W .-tst . . 6 31™- 38
37¾- 41
40¾ -41~ 39 - 41
38¾- 40
88½· 42¼ 42 - 48½ 48
54¼ 51 - 58¼ ~ ½- 75¼ -71 ½- 76½ 72 .. 75¼
8 1 - 83
81½·· 82¼
Denv. So. P. & P.- lst.7 80 - 80 80 - 80
75
80 - 82
69 · 70
88
65 - 78
08 - 6& ... . - . ... . 60 - 65
65 - 65
.Det. M. & Marq. - ht . . 6 40 - 40 40½- 40½ ....
.... .... - .... .... - .... · • • :J - .... .... - .. . . ... - ... . . ... . ... . . - .. .. .. - . ... 54½- 54¼
.E. Tenn. V. & G.- tst .. 7 115 -115
··•· •10s -11s •115 -115 . . . - . .. ... .. - .. · •· · - ... . ... - ... . 115 ·116 118 - 118 118 · 118 120 ··120
Consol. .. ..... .... . .... .. ~ 44
47¼ 46~- 49¾ 47¼;- 49¼ 44½- 48
44½- 48
46¼- 48¾ 48¼- 52¾ 51¾- 57½ 56¾- 60
58J4- 64J.s 02!><{- 68½ 64¼- 71¼
....
....
Consol.,ex-eoup.9to12
.... - ... . . ... - .. .. - .. . .. - .... .... - ... . .... - . ... . ... - .... 51½- 52¼ 52 57 55½- 59 57½- 63
Divisional. ... . ........ .ii 90 - 90 .... - .... *il2 - 92 *92 - 92 *95
95 .... - . ... .... - . .. ... . - .... . .. . .. 96½- 96½ .. .. ... . .. .. .... .
Income ...... .. .... . . . ... ff 10 - IS 11¼- 1~ 11½- :S¾ 10 - 12 10)4- 1-1½ 10~- 11¾ 107,11- 14½ 14~- 18¾ 161,4- 19
17¼- 21 ¾ 19 - 23¼ 19¾- 22¼
...
....
.. ....
Eliz.C.&N.-tst,1920.6 ....
- ....
- .... . .. , - .... . .. - ., .. ... . - , ... .. .. - ,.... 50 50 . ... - . . ... . - , . ., . . ...
Eliz. Lex. & Bia-. S .... 6 84 - 90 86¼- 90 88 - 90 84 - 88 85 - 86 84 - 86)4 84 - 3g Sil - 89
94¾- 96½ 96½-100¼
86¼- Ql
92 .. 95
125½-127¼
Erie- 1st, Extended ... . 1' 123 -123 ....
125 -125 .... - .... llM - 125 124¾-124½
· ••· 123¼-124
-· .... .. .. - .. . 126¼-126!,( 124 -125~
2d, Ext .............. . .. . . ~ 107¾-108 108 -109¼ 107¼-107½ 108¾-108½ 109 - 109 .... .... - ... . · · •· - . ... .... ·• · • • · .. . - . ,, . . .. . . . . . 112 -112
3d Ext ... . . .... . . .... 4¼ lOS¼-104 104 -104 102 -102½ 102 - 108¼ 103¼- 104¾ .... 106 -106¼ 106½ -106:1( 105 - 106 104½-105¾ 105 · 106 106¼ -107
4th, Ext .. . . . .. .......... ~ 105¼-105¼ ...
.... 107~-109 10~105¼ 108 ··108 .... - ... .. .. - . .. . 110¾-110¾ 112½-112¾ 110 - 110 110 -111 ½ 110½-111¼
~th, 1888 .. . .... . . . .. . . 7 107 -107
- .. , . . .. . - . . . 109½-10912 107¼- 107¼
·•· · - .... 108 -108 110 -110 .... . - .... 106)4- 107½ 109 -109
l.st, eonsol,, a-old . . .... 1 116¾-120 111 -117¼ 112~-114 ll~- 114¾ 112½-114~ 112 · 115~ 115½-121½ 121½-125¾ 121 - 123 123 -127 126¼ -128 127 --128
1st consol. fd. coup ., .7 114 -116¼ .. . - .. . us · 113 .. . , - . ... 109 -100 .. ... .... 116 - 116 113 ·113 116 - 120 122 -122 .... - . ...
Lona- Dock . ........... .. , 113¼-113¼ 115 - 115 116 -116 116 -117 1!6 -117 ... . - .... ... - .... .... .• . ... 119 ·120 120 - 120 120 -120 116¾-117¼
., .. .
BtJff. N. Y. & E.-tst .'7 ISO -130
- .... 129 -129 128 - 128 .... - .. .. .... . - ·•• · .. .. oc •• . . . - ... 13<l -134 .. .. - ...
N.Y. L. E.& W.•ew, 2d eonsol. . .. . .6 53 - 5g¼ 51
53¾- 57'4: 52~- 56¼ ~ - 54¾ 45!,(- 53)4 49!-4- 63¾ 61¼- 6~ 62¾- 71¾ 69¼- 84~ 82¾- 90½ 84¼- 92
Col. trust, 1922 ..... 6 ....
...
... . ... - ·-·· .... - .. . . 100 - 101
.. .. .... - . ... ... . ...
- ... ... 1,,eome .. . ··· ·· · ··· -'~-6
.... .... .
. ...
- .... .... ... ... .... .. .. ... .... . - .... 37 - 37·· ·· 40 - 41 41 - 48
...
Erl"& Pittsb.-Conaol.,. 108 -108
.... - .. .. . ... - . ... .... .... . ... -.... ... - . .. .
- . ... ... . - ... .. .... Ev. & T~ Haate-Con .. 8 ~ 9 8 ~102 l ~ - 1 ~ IQS¼-105 106 -106 106!,(-108¼ 1()5¼-107¾ 108 -109 109 -109¾ 110 --1 12 113 -113 us -lH
-100!
gi.
-1~
lOi
~ - gz
97½- 98 99 - ~ ..¼ 97¼-100 100
Dllt. Vernon-l ■t ....... ll(.''
- 95
95 - 95
96 - 97
94 • 94
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Federal Reserve Bank of St. Louis
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RAILROAD BONDS.
188~-Contlnued.
JANUARY FEBR'RY.
MARCH.
APRIL.
MAY ,
JUNE.
JULY.
- - - ----f-----1---- - - - - - - ----
BONDS.
AUGUST. SEPT'BER. OCTOBER. N0V'BER. DE0'BER.
----1----1--- - - - - - -
_ _ Low .High Low . High Low.High Low.High Low . High Low.High Low.High Low.High Low.High Low.High Low.High Low.High
Flint & P. M.-Mort ... 6 114 -115½ 114 -116
- .... 113 -113 114 -114 .•.. - •.. .. ... - . .. . 111 ·114~ ... . - •. .. 113 -113 . . . . - . . . . 115 -116¼
Ft.W.&Df'!nv.C.-lst .6 62 - 65
62 - 63
63 - 65¼ 64 - 65
64 - 69¼ 68 - 66
70 - 71
70~ 78
74¾- 80¼ 79¾- 83¾ 83 - 90
80 -- 86¾
Gal. H. & H. ot '82 ... . I} ••• • 53 - 53 ... . - . ... . .. . - . . .. 64 - 66¾ . .. . - ••...••• - ••• . 66 - 66
66 - 66
Gal. H. & SanA.-lst . .6 102 -102
9$¾-100
99¼-100
99 • 9U¾ 97 - 99¼ 102 -108'¼ 102¾-107¾ l()S'U-106 106 -106¼ 105 -106 105¾-106
2d, mort . . . .. . . .. ... . .. .. 7 .. . . - .. . 101¾-101~ W¼- 99¾ ... • - •. . . Qt¼- 99 . . .. - , .. . 100 -102 .... - . .. . . . . . - ... . 102 -102 105 -105
Western Div-1st .. .. 5 91 - 91~ 91½- 92
01½- 92
91¼- 92¾ 89¼- 90¾ 90¾- 9()7~ 90¼- 91¾ 91 - 92½ 92¾- 927,..;i 92%- 93¼ 9()?k 91¾ 917,(- 92
2d . . . . . . . . . . . . . . . . .. . . 6 . . . . 80 - 81
81 - 81¼
Gr.Rap.& Ind,-Guar7 . . . , - . .. . 119¼-119~ .. . .
Gr.B.W.&St, P.-lst .. 6 74 - 74
53 - 60
60 - 60 • • • • - . • •. 65 - 72½ 72 - 72
67 - 71½ 70 - 73
72 - 72
74 - 80
76½- 78
2d, income . .. .. ... .. . . . .~ 8 - 8
12 - 12
14 - l6
13 - 15½ .... Hi - 18
17½- 25
18 - 19
18 - 21
20~- 31
22 - 29
Gulf Col.& S. F,-lst .. 1103 -110 105 -107½ 104 -1061.,4 10-' -106 101 -104 104 -105 103 -110 109¼-112 110¼-112 lll¼-115¼ 115 -116 115 - 120
2d, 1923 .. .. ... . · · . .. . . · .6 .... - .... 82 - 83
79 - 80
79¼- 84¼ 84 - 89
Han. & St. Jo.-Conv . 8103¾-l0:3¾ 103¾-103¾ ••. . Consol. · · ··- . . .. .... . 6 114¾- 115¼ 115 -118¾ 115 - 115½ 115~115% 116 -117~ 117½- 118¾ 118¾-118½ 11$¾- 119 115 -116 116~- 117 117 -117¾ 117 -118¼
Hen, Bridire Co. - tst ... 6 ... . - . . -• .. .. - . . . . 104½-105 105¼-106
Hous. F.& W.T.- lst .1 . . . . - . . ... . . . - ... . . .. . - .. . . 95•- 95 . . .. - .... 84¼- 84¾ .. .. - .••.
Hoas.&T.O.-lst,M.L.1 85 ·106 *89¼- 93½ *84 - 90¾ *85 - 87¾ •
•87 - 95 *93 - 96 •94¼- 97½ •95¼-100 *98 -100½ "'99 -100 *99¾-108
1 8 i, Western Div . .. .. 1 'iS - 95 *80 - 82 *70¼- 76½ *73 - 75 *73¾- 75¾ *75¾- 86 *83¼- 87 *87¾·· 91 *89½- 94¾ •u2 - 94¾ •94 - 94~4 *94¼-100
W.&N.Div . . . . .. ... . . 1 8~- 83¾ .. ,. - ... *73 - 73¼ ... •. - . . . . . ... - . ....... - ... . *95 - 95 •94½- 96 •95 - 96
2d, Main Line . . ... .... 8 68 -111
70 - 75
57¼- 71
- . . .. 58¾56 - 56 . . .• 66 - 78
7Tn,- 78
77 - 80
77 - 81
80 - 89¼
General mort . .. , .. .. . .6 •·· · - . . . • .. - . . .. M - 50¾ 52 - 52
59¾- 60
58¾- 59¾ 58 - 58
_ Illinois Cenu-alSpriniit. Div., 1898 . . 6 .. . , - . . . . . . . .
. .. ....
- ... . 114 -114 119 -119 119¾-119½ 119½-119¼
C,St.L.&N.0.- lst,c.7 122¼-122½ 12()¾-121 121¾- 121¼ 125 -126 124 -125 ... . - .. . . 125 --127
- ... . 125 -125
120½-124 126 -126
2dM. . .. . . .. ..... . . .. .... 6 ... , - . . .. 118 -118 119 -119
- . .. ..•.. Gold . .. . . . .. ... . . . .. . .:, 104 -105¾ 106 -107 107 -110 109¾-112½ 110½-lll 111 -Ill 111 -113 lll½-113 112½-113½ 113 -113¾ lll!J,!- 114¾ 110 - 111¼
Dubuq,&
. .. . -116
Cedar
F. &S,City2d
M., 1st ...,1113¼-113¼
116 -116 115
Ind.B1.&W. -lst,pref.7 .. .. 1st, 1909 . . ., ·· ·· · ·· :, . 6 73 - 78
74~- 74½
2d, 1909 . . . . . .. . . .... :i, 6 55 - 55 1··· · - . . , .
Enste1·nDiv .. . .. .. ... .. 6 78 - 80
77 - 77
Con. income .... . , • ... . 6 25 - 25 • . . • - . .. .
Ind, Dec. & Sp,-lst .. . .1 101 ·103!,v 99¾-101
1st, ex funded coupon . . . .'. - ... .
2d income ...... . . . . . , . .. 20½- 20~f ... . - ....
Inte1·n. & Gt. No.-lst.6105 -107½ 105 -106
(; 6UPOl1, 1909 . . . ·· · , ... 6 64½- 73
(f6 - 70
Jro11St'1nb'tCo.,1901 .ti . . . . - . . . ..... Jefferson - 1st .. . . . .. ... 1
99 -100
Kent, Central- Mort . .6
.1~11. stampecl .. . .. . .. 4 65¾- 65½ 64 - 65½
1,ake E1·ie & W. - lst .. 6 80 - 83
80 - 83
Income ......... . ... .. .. 7 20 - 22
20 - 25
:--anduslcy Div . . .... , . . (i • ... 75 - 75
Saud us ky Div.- Inc ... • •. • 1,nt, Bl, & M.-lst. . . . . ti . . . . - . . .. 78¾- 85
Income . . ..
• 7 .. • • - • • •· .. . . - ...
l,ake Shore & M. So. M, S, & N. I. Skg, fc\ .. 1 102 -102¼ 102¾ -1027,..;i
Clev.& Tol.- 8. funcl .7 101¾ -102 102¼-102¼
'ew .. . .
.. . . .... . .. .110-l ¾-104¾1105¾-105--¼
Cl,Pahts,&Ash .. .. .7 115½- 115½ US -118
j....
:.-:~: f ~:;~~;;:::::;
~~
.......
. - 116
.... 118
- . .. . 115 --116
ll5¾116¼--118
118
2d c on., co up .. .. . .... 1
74
55
75
15
-
75
53
75
15¾
82¼- 93¼
72½- 73¾
- 54
75 • 75
15 - 15¾
85 - 85!,4
54
~::v:s!;t.~~.~~o~ . . -..·.·.;
So.West.Exten.- ·ht .?
PacUic Ext ... ..... .. . . . ti
Mo.K.&T. - Gen. con • . 6
Gen. consol . . . ... . . . . . .. ~
Consol. .. . . .. . . .. ., , .... 7
2d, income . .. .... . . .... ti
73
..
72¾
... .
87
18 - 18 ... . 105 -106½ 105¾- 108 105 -107
66¾- 70
65½- 687,( 64 - 66
67
. .. .
.. .
.. ..
87
- 68
- 87
59
51
68
15
87
51
- 60
- 51
- 68
- 15
- 88
- 81
- . . ..
104¼-106 ·107 -112
65 - 67¼ 67½- 77
997/4- 99¾ ....
64¾- 65¾ 68 - 63
83¾- 86½ 65 - 82
25 - 25
14 - 14
84¼- 87
28 - 28
13 - 14
102%-103¾ 103¼-103¾
102¾-102¾ 102½-102¾
105¾-106¼ 1~-103
.... - . ... .. .. - .. . .
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103
103
114
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93 - 97
05 - · 96
87 - 89¾ 90 - 90¾ 90 - 90¾
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.... - . . . .
124 - 125
104 - !05
98½- 99
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108 -110
97 - 98
107 -109¾ HlS½--·113
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113 ~11.~ .. 1~~.¼ =116~
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ri8 - 60½ 62½- 67¾ 73 - 78
77 - 80
76 - 76¾ 78 - 86
i'O - 94
90 - 96
18 - 1$¾ 18¼- 29½ 27¾- 39
32 .. 38
90 - 92
H2 - 95
99 - 99
83 - 83
85 - 85
94 - 94
96 -100
18 - 18½ . . .. 20¾- 20,ii ... - . . .. 22 - 22
1l1¼-112 114 -114¼ 115 -115 112¾-114½ 113½-114
79 - 80
73 - 78
77¾- 8 1
81½- 84
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122¾-122½ . . .. - . . . . 120 -120 .... 128 -128¾,128¾-129 128½- 129¾ 129 -129¾ 130 -13~
127 -- 128 j127 -128¾ .. .. - .. .. . .. - .•. 127 - 128
118¼-119 117½- 118¾ 11~-121 120 -121¾ 117¾- 120
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- .. . . .. . . - . .. 125 -125 122 -122½ 122½- 122½
105 -108 107 - 107 108 - 108 108 -109 108 - 109
123 -124¾ 124½- 124¼ U0¾-122½ l:!2¼- 122½ 122¼-123
- .. .. 100 -101 101½-102 . .. . · . . . . .. .. - ... .
95 - ~ 95¼- 98
97½- 99¾ 99½-102½ 101¾-105
. so - 84
7S - 85
84½- 88¼ 86 - 88½ 87 · 93
no -110½ ll0¾-110¾ 110¼-lll½ 115 -115½ 110 -112
101%-103½ 102½- 103¼ 101¼-103 102 -106 102 - 105
04 - 04
Ill - 91
90½- 91
107 -107 108 -103 105 -105 .. . . - .. . .. . .. c~ - 53 00¾- 51½ 50½- 50½ 54¾- 55 52 - 52¾
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94¾'- 95½ 95 - 97¾ 9/J¾-100
97 -100
8G - 90¼ .... - .... 80 - 90
86½- 89¾ . . .. . .. .
85¼- 87
84 - F6½
90 - 95
90 - 90
90 - 97
95 - 96
95 -100
99 -100½ 100 - 105
90 - 90¾ 90¾- 91¼ 91¾- 92½ 00 - 90¼ 90¼- 90¾ 90)4- 90¾ 90½- 91Mi
77 - 78¾ .... - . . .. .... 77 - 77
77 - 71:1
. .. . - .. . . 116 - 117 118 -118 . . . . - . . . ... .. lll!,(- 112¼ 109¾-114 113 -113½ 113 - 114½ 114½-116½ 116 -117¾ 116 ---118
99¾-101¼ 101 -103¾ 103 -104 1 ~- 106¼ 1106¾· 109 106 -108 107 - 109
52¾- 52¼ . .. . - .. .. 43¾- 44
39J.,i- 42
42¾- 48¼ 47 - 51¾ 46 •· 53
124 -125 124 -126 124½- 126 127 - 128 129 -131¼ 127½-127¾ 126¾- 128~4
107¼-108¼ 108 - 108 110 -110 . .. . - . . .. 109½-109¾ 106 - 107 108 ·108
...• - .. .. 100 -100 100 -101 100 -100 100 - 106 105 -106 106 -108
100 -106¼ 104¼-106 104½- 106¼
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82 - 85¾ 86 - 90
b9'1k 95
94 - 95 1 92 - 96¾ 95¾-100
98¾- 103
100¼-102 IOS¼-104 104¾-105¼ 104¾-107¾ 100 -114 110 -113 111 - 1131,,(
77 •· 77
80 - 86
84 - 85
82 - 84
100¾-IO~ 97¾- 97¾ 99 -100 . . . .
102 -107 110¾-110¾ .... - . . . .
.. .. - . . ..... . - . ... .... - . . .. 93 - 93
94¾- 98
98 - 100
97¾- 98
123 -124 123 - 123 1. ... - .... 123 ··123 130 -ISO 1130 -130),.( . . . . · .. . •
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~9¾- 53¾ 50¾- 55
100 -105½ 99¾-1n3
.. . . 75 - 75
113 -114
81¼
59
72
19¾
91
72½
69
74
73¾- 82
14 - 14
15
16¾- 22
60 - 65
72 - 72
20 - 22
68¾- ~ 70 - 73½ 75 - 84¼
25 - 25
65 - 66½ 66 - 70
10 - 10 . . . .
65 - 87
66 - 68
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-126 ' · · · · - . . . . 127 -128 128¼-1~¾ 129 -129½ 129¼-130- 127 -128
-125~ 126 •-128 126 -128 125½-12fl 125§;;-129 125 -128 125 -127½
!15 -115¾ 115 -115½ 115 -116 115¾-116 115¾-116 112!½1-113 113¾-118½
115 -ll5)-1i""l15~-115¾ 114½-115 115½-llfi¾ 115 -U5¼ 112 -112!)-4 112¾-115½
. . .. - .. . . ,123 -123
122 -122 120 -120
102 -104¼ 104½-105 105¾ -106 104¾-104¾ 106½-107 107¾- 107½ 107½-110
115>2-ll'i'¾ 117 -118¼ 118 -110 116½-117 !!7¾-121 121 -121 121½-123¾
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98 - 9$
08 -!00 101 - 101
69 - 7tl
72½,- 81
80 - 82
79½- 82
82 - 03
93¾- 97 94 - 95¾
. . .. - .. . 60 - 67½ 68½- 68½ . .. . - . . . 118 - 75
75 - 80 . . . • - ... .
99¾- 100 102 -!O'J 106 -106 106 -100¼ 106%-110 106 -108 107¾-110
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73¾- 84
80 - 82¾ 80 - 82
62 - 92½ 91 - 95¾ 94¾- 95¾
62 - 62¼ 65½- 68
69 - 69
oo - 78 76 - 81 81,-- 84
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89 - P4
87 - 87½ 87¾- 89
113¼ · 114
- . ... 121 - 121
Uetroit ~Ion. & T . ... 7 124
L, ~hore- Diviclend .. 1 ...
1st con ., co up . . ., . . . . 7 126
1st c on. , re11: . ... .. . .. 1125
2d co n., a·e~ .. . . .. .. .. 7
Lomi: lslaml·- 1st ... ... .. 1
bl, consol .. . . . .. ... :,
l,ouisv.&N.- Consol .. .7
Cecilian Bran c h .. ... . 7
N. O. il1ob. & T,-lst .6
2d .. . .. ....... . . . . ... . . . . 6
E. H. & Nasb.- tst . . 6
Gen'I mort . .. ... .. . . ... . 6
Pensacola Div . .. . . ff
~t. Louis Div. -tst . .. 6
"l, Louis Div.- 2d .. . 3
Nash. & Decatur.. .. . .,
So, &No. Ala.-~. F.6
Trust bo11d1t .. .. .. . .. .. . 6
Ten-For1y, 1924 .. .. . 6
Pensac. & Atl. - 1,,t .. 6
J.ou. N. Alb. & c.-lst. 6
Louisv. N.O.&T .-bt.i}
!Han.B.Jmp. Co .- Lim.?
!Uemp. & Chas,- T,L . 7
Jlf'!tropolitan El. - lst .. 6
~d, 1S99 . . .. ... ... .... .6
lllex. Cent.-ht, ex cp 1
!Ulch. Cent-lst,cousol.7
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Coupon, 1931. .. .. . .. .:;
Reiristered, 1931 .... .1)
.Jack.L.&Sng,,'91.6
:tlid. of N.J.-ht. . .. .. .. 6
;uu. L. Sh. & w.- ht . . ti
Income ... . . .. .. . .. ... . .6
Michignq Div . . . . .. . " 6
Mll.&No.-lst . . . . . .. 6
Mlnneap.& St,L.- ht . 7
.... 115
113¾-
- . . ..
70 - 77
74¾- 78
70¾- 75¼ 743'- 7~ 77 - 83
54~- 61
M¼- 62¾ 57¾- 61
60¾ 65
64½- 72
104¾'-107¼ 106¼-109 107 -109½ 108¾-115 109¾- lll¼
60 - 60
- . . . . . . •. -
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113½-118
105 -105
·82¾- 85
84¾- 90
70¾- 72
'i()¾- 76
110 - 111¾ U0¾-112½
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89¾- 93¼'
75 · 80
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R.AILROA..D BONDS.
188:i-Contlnoed.
-----------:------,--- ---,-- - - - ---·-- - - -- •·- --,-- - -- - - - -·- - - -- - - -BONDS.
JANUARY FEBR1RY.
MARCH.
---- ---- - --
APRIL.
M.AY,
- - -·- - - - -
J U NE.
- -
- - - - - ~-
OCTOBER. NOV'BER. DEC'BBR.
- ---- - - - - - - - - - - - - - - -·
JULY,
AUGUST. SEPT'BER.
_ _ _ _ ___ _ _ _ _ Low.High Low. High Low. High L ow. High Lo w. High Low. High L
_ ow_.H_ig_
h :1'ow. Hlgh Low .High ~ow.High Low.High Low.High
Mo . Kans. & Tex.Han. & C. Mo.-l1!1t .. ? .. .. - .. . .. .. - . .. .. . . . - . .. . . .. , - .. .. ..
. ... ... . - .... 108 -108 107¼-109 108 - 108 .. .. - .... . . . - . ... 10~-108
Mobile & Ohio-New . . 6 100 -104 104 -104 106 -108¼ 106½- 107 106½-106¾ 105½-106 107 -108¼ 107¾- 108 108 - 109 110 -111½ 111¾- 112 . .. . - ... .
Collat. Trust .... .. .. ... 6 .... - ... . .... - ........ - ...... .. - . ... . .. .
. .. . .. ..
. . .. . . - . .. . . . - . . . .
- . . .. 100 -101½ .. . - .... ... . - .. . .
1 s t, exten., 192'7 . . . , .. 6 . . . . - ..
. . . - ... . .. .. - ...... .. ·· . .. .. . . . - .... .. .. - . .. . . . ..
. ...... . .. . .. . - .. .. 100 - 101 101 - 102½ l00¼-101
l s tp1•eJ.debenture ... 1 55 - 55
55 - 59
5i½- 57½ 51 .. 51 ..• • - . ... 49¼- 50¼ 55 - 55
56 - 56
58¾ - 61
60 \.:!- 64¼ 64 . 66 ~ 62 - 66
2d pref. debenture .. .. 7 . . . . - . .. . .. . . - . .... . . . - ........ - . . .. . . . - ..... . . - . . . 2L½· 22½ 25 •· 84½ 82½- 84¼ 84 - 38
87
42
38 - 41
3d pref. debenture .. .. 1 .... - ... . . ... - .. . . ... . - . . .. .. . - . .. . ... - . .. . .... - . .. . . .. .
. . .. ... . - . . ..... . -· .. .. 30 - 33 88 - 37 SS, - 88
4 th pref. debenture . . 7 .... - .. . .... . - . .. . . . ..... ... . ... - .. . . .. ..
. . . . . . . . - ...... . . - . . . . .... .. . . .. 25 - 26
80 - 81
81 - 31
88 - 88
M o1·ga.n's L. & T .-h1t. 6 . . . . - .. .. ... . - . . . ... .. .. ... . - ....... - .. .. .. . - . .. .... . - . .. ... . - .. .. 100¾-100¾ 100 - 105% 105¾-106 106 - 107¼
M utual Union T ·- S.F .6 66¼- 69¾ 69 - 69¼ 119 - 70
69 - 71
66¼ - 67¾ 66 - 70½ 70 - 75
75 .. 79
77½- 81
81 - 86½ 80 - 88% 79 - 81
Na s h v .C.& S t.L.- lst . 1 116½-118 117 - 117¼ 11'77/4-118¼ 118¾-120¾ 120¼-121¾ 121½-122 119½-120 121½-123 122 · 122¾ 122¼-125 125 -126 125½-126¾
New .J. South.- Guar .. 6 .. . . - . . ... . . . - .. . . . .. .
. . ... . - ... . .. ..
. .. . 85 - 85
75 - 75 . .. . - . . . . .. . . ·· . . . . ... . - . . . . . . . - ... . . .. . - ... .
N.O.Pacific- ll!lt, ex cp .6 ... . - . . . . 60 - 60
55 - 62
54¾- 55½ 52 - 65
50½- 55
50¼- 57¾ 58 - 65
65 - 68
59 - 65¾ 60¼- 67¼ 49 - 65J..
N.Y. Cenu-al- Extend . ~ 102%-108½ 108½-105 104!,t;-105¼ 104¼-106 104½-105½ 104½-103½ 106¼ -106½ 106½1-106½ 106 -106% 106 - 107¼ 103½-105 104 -105¾
1SS1 ..... . .. .. ... . . .. . .. .6 104 - 105 . . ., - . . .. 105½-105½ 105!14-105¾ 106¼-106½ 106¾-106¾ 106 -106 .. . .
. .. . 106¾- 107½ 106½-107¼ 107 -107¼ 108¼-104½i
N.Y. C.& H.- lst,cp .. 7 129 - 184 182¼-188¾ 188¾-185 184 - 185¾ 18~ -186¼ 186¼-1 87¼ 188¾-184¾ 133 -184 138¾-186½ 86 - 187 186¾-138 187¾-138'¼
1st, reg ......... . ...... ,- 129 -180½ 182!>1;-138¾ 188½- 184l)( 184 -184% 184½-186 185 -136¼' 138¼-184¼ 184 - 184 138¾- 134¾ 135¾-136½ 186½-137 138½-138
D e benture . . .. . .... .. ~ 102½-108 108¾-104½ 101½-102½ 102¼- 102½ 108 - 104½ 104¾-105 104½-106 105¼ -106½ 103¾- 106 105 - 106¾ 105-}.(-106!.1! 106¾-109
H ud. Riv. - 2d, s. fd .1101¼-101¾ ... . - .. . . 102~ -102¼ 102¾-103 . . . .
. ..... . . - . ... .. . - ... .. . .. - .... .... - .... ... .
.... ....
.. . .. . . - .. . .
Can. S o.- lst, guar . .. . 5 96 - 97
96 - 98¾ 08 - 119¼ 96¾- 9R¾ 96
98¼ 98 -100
96¼-100
99½-100¼ 99¾-101¾ 101 - 108½ 102%-101 108¾-109
2d mort. . .. . . .. . .. . ,:J 611 - 70
69 - 75
iO - 72½ 65 - 70
66 - 70
67¾- 69½ 69
79
77½- 79¾ 76 - 78
77 - 85
82¼- 85½ 88 • 87
H a rlem- 1st, coup . ... ,- 134 -184 182¾-188½ !84)4-185¼ 185 - 185 188 - 138 . . .. - ... . 187 -140 187¼- 138¼ 187 ·-138 ...
. . .. 138 -138 185 - 1 ~
1st, 1•e g . . . : .. ... .... . .1 129¼-180¾ 182 -132 185 -185¼ 185¼-185¾ 182½-188¼ 185¾-185½ 137 -187¼ 186 -186 136¼- 187¼ 137 - 138½ 138 -138 188 -156
N. Y.Cbic. &St.L.- lst .6 891)(- 92½ 78
92
74 - 90~ 75½- 79¼ 66 - 77
66 - 78¾ 76 - 84
73¾- 88¼ 76½- 81
78¼- 90
86½- 927A 8~- 99
2d, 1923 .. ..... .. . . ..... . 6 56 - 56 51 - 51 . ... - ...... . . - ...... . . - .. .. .... - . .
45 ·· 45
45¼- 49½ ..
- . .• . 49 - 59
59 - 65
60¼- f,O½
N. Y .City & N o.- Gen'l. 6 83 - 85½ 84 - 85
85¾- 87½ 85½- 40
40 - 40
89'¼- 40¼ 38~- 41
41 ¼- 47
45¼- 46½ 45
55½ 56 - 60
54 - 57
•r r u s t Co. receipts . . . .. 38¾- 85 88¼- 85¼ 85 - 87 85¼- 40 89½- 40
89 - 40
89¼- 407~ 40¼- 46½ 45¼- 46¼ 45 - 56½ 56½- 60
54 - 58
N, Y. Elevated- 1st . .... ,- 114 -117 117 - 119xi 117 - 120½ 118 -119½ 119 -121¾ 121½-124¼ 121 -123 121¼ -128 121½-128 124¾-127 125½ -127 124¾-127
N,Y,& N,Eng. - lst .. . . . ,- 104 -108 111 - 111 110½-lll 114 - 114 117 - 117½ 117¼-117½ 116 -117½ . . .. - .... *18¾-120¼ *21¼-123 *124 - 125 .... - .. ..
1st, 1905 . .. .. . . .. ..
6 .. .. - . ... 100 - 101½ . . . . - .. .. 105½-107 . . .. - . ....... - ... . ... - ..... . . . - .... •10~- llO¼ .... - .. . . •us -114 . . . . .. ... .
N.Y.N.H.&H.-lst,rg.4 105 -108 . . .. - .. .. 109 - 109 109 -109½ . ... - .... 108 - 110 l llJ.11-111¼ 111 -111 111 - Jll¾ 111½- 111¼ .. . . - .. . .... . .. . .. .
N. Y. S u s q.&W.-lst . .. 6 .. .. - ... "50 - 56¾ "56 - 56 ... . - .•. . *59¾- 60½ .. ..
. ... •57¼- 57¼ *65 - 70 *68 - 70 *70 - 76¾ •75 - 79~ *78 - 84
Debenture, 1897' .. .... 6 . . . . - . . . . . . .. - . . .. . . . . - . . .. . . .. - . . .. . . . . - . . . . .. . - . . .. .. - . . . . .. .. - . . .. •42¼- 42½ *47¼- 55 *54¾ · 5~ •56 ·· 59
N. V .& Tex. Land- Scrip . . . - . ... •.. . - . . .. . . .. - . .. . .. . - . . . . 50 - 55 .. . . - . . .. . .. . . •.
.. . . . . . . - . . . 60 - 60
57 - 67 • . • .
. ..
N .Y.W.Sh.&B. - lst ... 5 88¼- 897.lf. 88 - 87½ SO¾- 86¼ 28½- 81
28¼- 81¾ 80¾- 38½ 84¾- 44¼ 41¾- 48¾ 41 ¾- 44¼ 42 ~- 44¼ 48½- 44½ .. . .
. . ..
1st, reg .. . ..... ... . ..... ~ 81%- 84
88¾- 85½ 29¾- 85
28¾- 80 29 - 80 81 - 87¾ 88%- 43¼ 41¾- 48¾ 42¼- 44. 42%- 48¾ ... . .. . . . . . . . - ... .
TruHt Co, 1·ecelpts . .. ... .. . . - . . .. .. .. - .... . ... - . . .... .. - . ... . .. - . .. . . .. .
. ... .. .. - .. . . . . . 48¼- 45
44¾- 46¼ 45
4fl¼ 45¾- 50½
Nort.&West.- Gen.M .6 92 - 98¾ 98 - 94
94¾- 95¼ 90 - 96
86¾- 89
86¾- 89
86½- 90
90 - 97¾ 99 - 99
97 - 103 100 - 102 102 - 108¼
New River- ll!lt ... ... . 6 94 - 94
. • - ... . .. . .
. . • - . . . . .. . .
.. .. . . . . - .. .. . .. - . ... . .• .
. ... 95 - 95
94 - 94
96 - 100
99 - 99¾
Ohto Central- 1st . .... .. 6 56 - 59
57 - 61¼ 59 - 62½ 59½- 62 . . . . - ..... . .. - .. .. .. . - . ... ... .
.... ....
. . .. . . . .
. ... .. . .
. .. .. . . - ... .
Jnco1ne . . ..... . ...... ... 1 4¾- 5
4 - 5
4 - 5 .. .. - .. .. ... . - . .... ... - . .. . .. . . - . . . . 2
8
2
2¼ 2 - 3
8 - 8 . . .. - ... .
Ohio & Miss. Con.s. t .. , 117¾-117¾ 117 -117!14 116¾· 116½ l15¾- 117 117¾-118 118%- 118¾ 117 -117¾ .. . • - . ... 122 - 122 122 -128½ 122 · -123¼ 128 - 128
Vonsol. . ...... ..... . .. . . .. 7 lltl¼-117½ 116½-11~ 117 -lli .. . . - . .. 117 -117¼ .. . • - .... 118½-119 118¾- 119 120 - 120 122 -128½ 117 - 122 128 .. 123¼
~ cl, Cons ol . .. . ...... .. . .1118¼- 118½ 108 - 111 108½-110 109 - tll l ~- llC . . . .
. .. . 109 - 109 118 - 118 112 -118 109½-lll lll½-115 118 -114
1st, S prinirf. Div ...... ,- . . .. - . . .. 100 - 100¾ 100 - 1()0¼ 98¾- 100 98 - 98 . .. . - .. . . . .. - . . .. .... - ...... . . - ... .. 96 - 100
98¼ - 117 ... . - .. ..
General, 1932 ...... ~ ... . - . . . ..... - . .. . . . . . - .. . . ... - . . .. ... . - .. .... . . - . . .. . . - " . .. ., - .. .. 75 - 76
74 - 74
81 - 81
78 - 79¼
Ohio ~ outbern-tst . .. . 6 82¾- 84¼ 84¼- 90
89 - 89¼ 89¼- 89¾ 89¾ - 90
86¾- 87
86 - 89
87½- 88
87¾- 89
89
94½ 96 -100¼ 97 -100
2d, income . . . ... . .... . .. ff 21¾- 22¾ 20¾- 24½ 28¼- 24~ 28 - 24% 21 - 22½ 20 - 20¾ 21½- 22
21¾- 28
22 - 25
23½- 84
81¼- 48
86 - 4l!J(
01•. R' y. & Nav.- lst . .. 6 106¾-107½ 107)4-109½ 109¼- 111 llf -112½ 111¼- 112½1 112¾-118 110¾-112¼ 112¼- 118¼ 112¾- 114 114J.1i-115½ lll ½-115 112 -114~
Deben1ures, 1887 .... , . . .. - .. .. .... - .. ... . .. - ... 100¾- 100¾ 108 - 108 108)4-108¾ . .. - ..... ... - . . . . . . . . - . . .. . .. . - ..... .. . - . . . . ... - . . . .
O1•eg. Jmp . Co.-lst . ... 6 69¾- 75 ':'4½- 80
80 - 81¾ 80 - 88
80¼- 88
77 - 79
77 - 88¼ 88 -. 85
82 - 84
88%- 91½ 90¾- 95¾ 90 - 92¼
01•egon Trans.- lst ... 6 65 - 68 64¼- 69
68 - 75
71 - 78½ 67 - 70½ 67¼- 69
68 - 75¾ 76 - 80¼ 78 - 80
79%- 94¾ 89¼- 98 91½- 97
P an ama-S. F. sub . . . .. 6 . .. . - . .. . ••• . - .. .. 101 -101 ... . - . . .. . . .. - .. .. .. . . - . . . . . . . - .. .. .. . . - . . • . .. .. - .. . . 101 - 101 .. . • - .. .. ..
- ... .
P acific RailroadsCe nt. Pac.- Gold .. .... 6109¼- 110¾ l!O -112 11!%-118 · 111¾-112~ 112¼-114 llS¾-115 l ll¼-Jl2 111¾- 114 112½-118½ 118¾-118¾ 118 - 115 114¾-117
S an Joaquin Br ... . 6 104~-105½ 105½- 105¼ .. .. - .. .. 104¾-1-04½ 108 -105 . . .. - .. .. 106 -106 105¼-107 .. . . - . . 107¼-107¼ 108 - 108 108 - 108
Cal. & O1•egon ... .. .. 6 96 - 97
96 - Di 100 -100
98¼- 99½ 98 - 100 100¾··101
97 - 98¼ .... - ... . 100½-102¼ 101¼-101½ 1021,(-102¼ 108 -108"
S eries B . .. . .... .... . 6 . . . . - .. ... .. . - .. .. 100 - 100 . . .. - .. .. 101 -101 100¾-100¾ 98 - 98¼ 99 -100¼ 100¾- 10~ 100½- 101¼ . ... - ... .
L n nd 1r1·ants . . .. .... .. 6 100¾- 102 101¼-102 102½-108 99¾-100 99¾-102¼ 10:.! -1~.t .... - .. . . 104¾-106 104 . -106 102¼-103½ 108¼- 108¼ 108½-104½
W e stern Pac . ...... .. 6 107 -107¼ 10; - 108¼ 108¼- 109¾ 108 - 109¾ 107¼- 108 no -11 1¾ 108 -108¼ 109 - 109¾ 109 -109½ 110 - 110 111 - 111¼ 111½-112
N o1•thern, Cal.-Gu .. 6 .. . . - . . . . ... . - . . ..... . - ...... .. - . . . .. .. - . . . . . .. - .... . .. . - ... . 108 -108 110 -110 .. . .
. . ... ... - .. . . ..
. . •.
No.Pac.- Gen.tst, I.& 6 99½-101 100 - 105¼ 105 -106¼ lOS½-105% 102½-104¼ 1087,.,i-105¼ 101¼-104% 104½- 106 105¼- 106½ 106½-109¾ 109¾-118 lll¼-115
~:::,~~~.:~~•::;::i': ~~ =l~ ~~
- 104¾
.
~~¾=1~~ ~~~¼=I~ ~~·1·¾-:~~~ ~~=I~~ ::: :---=
:.::i ~~½=l~~ =l~. ~~
106
- 1~
1!:=1!~½ l!!¼=l~~
~ o. Pac. Cal-1st ... .. 6 95 - 96),.,i 96 - 98
97¼- 99 98½- 96 94¼- 98¾ 97 - 98¼ 96½- 98¾ 98¼-101¾ 101 - 102¼ 98 - 101 101¼-lOt 108)4-105½
8 o .Pnc.Arizona - lst6 . .. . - ...... . . - ..... . .. - , ... . .. . - . . . . . ... - ....... . - . . .. 95 - 00¼ .. . - . •. . 99 - 99¼ 99
99
99¼-100¼ 101 -108
S o. Pac. N.Mex.-lst 6 . .. . - . ... 93 - 98¼ 98¾- 94¼ 98%- 94
93½- 94¾ 90½- 96
98¼- 95¾ 95¾- 97
97¼- 98
97 - 98¼ 98¼-100¼ l()()¾-102'¼
Union Pac. - lst .. . .. . 6 110 -112 lll¼-112¾ 112¾-!13¼ 112%,-114½ 114¼- 116¼ 115½-117 113¾- 115¼ 114¾-115½ 115 -115¼ 115¼- 116¼ 1153'(-116¾ 116¼- 117
L and g1•ants .. . .. ..... ')' 106¼-107 108 -108 .. .. - .. .. 104% 105% ... . - . . .. 106¾-107
..
. . . . 107¾- 107¾ ... . - . . . . 104¼- 104½ 105½-105¼ 105¼-105~
Sinking tund . ... ..... 8 117 -1177,t; ll77Aj-ll9 116 -120 117¾-119½ 118¾-12(% 120 -1 21 121 -122 123 -128 119)11-120 120 -121 121 -121 121 - 121
Regis tere d .... . .. .. . .8
- . ... .... - .. . . 115 - 118½ lltl½ - 118½ 120 - 120 119¼-120 120¼!-120¼ 121½- 121½ 118 -119
..
. . . . 120 - 120¾ . ... - . .. .
Collate1·.T1••. 190?' .5 .. - . .. . . - .. . .. .. - .. . . . ... - . .. . ,. .. - ..
. .. - ... . . . .. - . . ..... . - .. . . . .. .
.. .. .. .. - . .. ll2½- 92¼ 98¾- 98¾
K. Pac.- lst, 1S95 .6 .... - ... . ~09¾-109½ 110 - 110¼ 110¼-110¼ 112!,(- 113¼ 118¼-114 112½-118 ....
.. . . lll -111 112¼-112¾ 112 -118 .. .. - ... .
1st, 1896 . . .. . ..... . 6 107 -107¼ 107¼- 108 109 -110½ 109¼-110½ 112¾-112¾ 109 - 100 lOO½i-111 112 -112 111 ·111 lll¼- ll2 112 -118 110 - 11(%
Denv. Div.- Ass'd 6 105¼- 106½ 106 -108 108%-110¾ 109½-111!1! 10$¾-109¼ 108¾-109¾ 109¼-110½ ll0¼- 111 109¼-lll Ill - 111 ¼ 109¼-111½ 111 ··112
1st, consol.. . . . .. . . 6 92¼- 98¼ 92¼- 98),( 9'>--¼- 98¾ 92½- !0l¼ 96 - 99¾ 98 - 99¼ 98 - 99~ 98 - 99½ 97½- 99~ 98 -101¾ 98 -101¼ 99½- 101
C. Br.U.P.,fund.cp ., . . . . - ... .. . . . - . .. . 106 -106 106 -106 102¼-102½ . .. . - .... .... - . . . . .. . -, . .. . . ..
........ - .. .. . . . . . .. . ... . - .. . •.
At.Col.& Pac. - lst .6 86 - 86
89¼- 90
91 - 98
90 - 92½ 92 - 93
93¼- ~ 98¼- 94
95 - 95½ 95¼- 96
95¼- 100
98¼-100½ 102 - :02
A t . .J.C,& W.- lst.6 .... - ... . 90 - 90 ... . - . . . . 90 - 90 .. . . - . . .. 90½- 90½ 92 - 92
91~- 98¼ .. . . - .... 92 - 95 .. .. - . . . 09¼- 99~
Orei;r.Sh.Line- lst .. 6 87¼- 92
84¼- S7¼ 841¼- 86¼ 85 - 91¼ PC - 91¾ 90¼'- 92¾ 92 - 95
90 - 91¾ 90¾- 91!,( 90%- 97¼ 97)(- 99½ 97¼- 99¼
Utab S outh.- Gen .. , 96 - 96
95 - 115
96 - 97
99 - 91)¾ .... - . . .. 99 - 99
95¼- 95½ 92
92
90 - 90
90 - 90
90 - 90 . . .. - •••.
E xt' u, 1st, 1909 .. .1 87¼- 87¼ . . . . - .. . . . • - . . . . 90 - 90 .. . . - .. . 00 - 91) • •• •
. • •• •• • ..
•• •• •
87 - 87 ... . - .. .. . .. . - ••• •
Mo. Pac. - lst cons . ... fi 91 - 94;.( 92 - 97
95 - 97
W - 108¼ 96½-100
98 -101 100 -101¼ 101 -102½ 102¼- 108¾ 108¾-106 108 -104¼ 104 -108
3d . ... .. . . ... .. .. ... ... ? 99¾- 104 99¾-105¼ 10~-107 107 -114¾ 1()8¾-::.11¼ 110 -J U 118 - 113 118¾- 114 114 -115 115 -117½ 114¼- 117¾ 116 - 118§(
P a c. ot Mo.- tst .. . .. ti 105¼-106¼ 108¾-104 104J.1i~l05¾ l05 - 105¾ 105 - 106 100¾-107¾ 107!,4- 108 104¾-105¾ 104 -105¾ 105 -105¾ 105¼-100 106 - 106¾
2d ........ . ... . .. . .. .. . 7 108 -108 108½--109 . . . - .. . . . . . - . .. . . . - . .. .. .. - .. .. .... - .. . . 110 - 110 110¾-111¼ 112½-118 118½- 117 118¼-114¾
St.L.&S.F. - 2d,cl.A .6101 -io1 101¾- 102½ 104 -104 108 - 108
07¾- l/8¾ 98¼- 99¾ .. .. - . ... 100 - 100 100¼-100¼ .. .. - . . .. 104 -105 104 -106
Class ''C" . ..... . ... .. 6 99 - 99~ 98¼-100
1,9~-101¾ 00 -100½ 96¼- 97
96 - 07
96 - 97
96¼- 97¾ 1)7¾. 98 97¼- 108 99 - 108¾ 103 - 105¾
1 Class "B" ........ . . . . 6 91}¾-10034 99!,4-100¼ 100 -101¼ 99¼-101
97 - 98
97 - 98
9634·· \18
98
ll9
98 - 99¼ 99 · 104 100 1 -104 104 - 106
Equipment ........ . ... 1 101¾-101½ 108¼-108½ . . . . - • . .. . .. . - .. . . . . . . - . .. . . . . . - .. .. . . .. - .. .. . .. . - • .. . . . . . - •. .. . .. . . - . . . . . . - .... 102 - 10-J
G-eneral mort . . ... ... 6 .... - .. . . 92 - 98¼ 93¼- 94~ 94 - 95¾ Y4 - 9-i¾I 93¼- 94¾ lll - 91¼ 91~- llS¾ 91 - 91¾ 91 - 94¾ 94¾- 97~ 95¼- 108
S o.Pac.of Mo.- 1.l!lt .. 8 10! - lOS½i 103 -1087,1i 104 -104¼ 104 - 104¾ ll'4¼- 105¾ 1(15%-106¾ l QS¾-103¼ 108¼-103¾ 108¾- 104¾ 1087,1i-104¼ 104¼-105¾ 1()4¾- 106
T e xas & Pu.c.- lst .. . 6 105~- 10534 108½-108¼ ... . - . ... 106½-107 107¾-107¼1--· · - • ...
•· · · - •· ·· · · · · - · .. .
.. . • · •··
~:~::it~~.. ·~·;~:~~~:: ~~ =: oo ~ oo·
1 st, Rio Gr, Div . ... 6
E x Auit. coup . .... . 6
Gen, M. & ter . .. .. .. . 6
Pennsylvania RR.--·
Pa. Co. - Coup .. .. . . .. 4¼
Reldstered ........ . 4,¼
Pitt;s .C.&St, L , lstcp 1
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
51 - 54
50 - 52
... . -
~~ ~~~
: = : ,/ss¼:~ s1·· ·ss = ~ · ; : .w·· ~ =~;;~ ·46 = oo ..
52'4- 58
50 - 54
46 - 52
52 - 57¼' 52 - 55
48 - ~ 47 - 50
49 - 51
44 - 45
G5x(- ~ 97 - 100
95¼- 96
96 - 100
98¼- 99~ 98¼- 100
. .. . - .... .... - . ...
1
·~~=
45¼- 4~ 46 ... 50
@..
60 - 58
54 - 55¼ 55 - 58
60 - 66½ 66¾- 69 . .. . · . ..
58 - 57
48 - 50¼ 49 - 61~ 48¼- 53¼ 51½· 60
59 57 - 64¼ 57 - 68¾ 42 - 61
44½- 44½ 47½- 48
43 - 48
48 - 52½ 51 - 61¼: 57 • 59
54 - 57¾ 40 - 56
64¼,
99¾- 102 101¾-102¾ 99½·100!,,C 100 · 100
997/4-100¼ 101 · 101¼ 102 -102¾ 102½-lOS½i
97½- 99¾ 99¾- 99¼ 100 -101 101~- 102!4 99¾ · 99',.( 10c, -100
91l •·100¼ 101 - 101 101¼-102¾ 102!,(- 102¾
120 - 120 ... . - . . .. ..•. - •.. ... ,.
.. • . . ...
. . . . . . . - · . . . . .. .
61
RAILROAD BONDS.
188~-CJoncluded.
JANUARY FEBR'RY.
BOND S.
---
MARCH.
APRIJ,.
--- -
JUNE.
MAY.
JULY.
A UGUST. 8EPT'BER. OC'TOBER NOV ' B&R.
--- - - - - - - - - ----•1----1----1----
Pennl!lylvania RR.Plttl!I. Ft. W.&C.- ll!lt.1 l~½-l36J4136¼ -137 138 - 139 189:X,.-140 180 -141½ 140 - 140½ 187½- 188 140 ··140 140}4-141
- . ..
2d . ············ · ···· ·· · 7 , ... = · ... . · · · - ........ - .. . .. ... - .. .. 137 -187½ 1'38 ·-140 ... . · .. . .... . - .... IStl - 138 139 - 13\J½
3d ....................... 7 ... .
. ... . ... ·· .. . .... . - ... . 127½-129¾ 130 - 130 . ... - .... 134 -134
....
Clev.& P.-Conl!l.l!l,fd.7 ·. ..
·· ... 124¾-124¼ .... - . . . . . . .. - . . . 125 -125 120½- 1!:7 129 -120 129¾- l :.:O 130 - 130
1
4,th ... .. .. ............... 6107 -107 108 -108 110 -110 111½- 111½ .. , - ... . 108¼- 108)4 108!-_:-109 110 -111 llOx,-110½
St. L.V .& T , H.- lst .7 l15 -115 . .. .
- . .. . ll7½· l'!
2d, gun.r., 1898 .. . .. 7 .. . . l12 -112 112 -112
Peorio.Dec.& Ev.- lst.6 .... - .... 95
1;5
98 103 -!OS¾ 100 -103
85
85 - i-,5
90
85
OJ
90
95 · lC'O
Income ......... ...... .. . . .... . .23
23
20 - 20
21 - 21
38 - 42
Evo.nsv. Div .... ..... . . 6 04½- 94½ 95 - 05
!'O .. 90
00 - 02¾ 01¾- 92½ . . .. 85
80½ 87 - OB:;f
:;o - 30½ 30 - 36
Inc ome . . . . . . . . . . . . . . . . . . . . . . S8 - 41
Peorla&Pek.Un.- lst .6 101 -101 101½-101½ . . .. - , ... 101;►.(-101¾ . .. .
Plttl!lb. Cl. & Tol.-lst .6 107 -107½ 107¼-107½ 108,-j-100½ .. .. - . ... 100¼-106½ . . . .
- .. . . 107¾-107½
Pittsb.Br.&Buff.- lst .6 .... - ... . . .. . Richmond & All.-lt1t . 7 50 ·· 53½ 51¾- 5-"i 5! - 50¼ G'.1 - G6 51½- 50
56 - 57
52 - 5;;
57 -- 64½ ... • - .. . . ll7 - 07
Trust Co. Receipts .. . . .... 61 - 61
62½- 65
04!4- 70.½
Rich. & Da.nv,--Cons .. 6 93½- 06¼ 95¾-100¾ 00¼-101¼ 101 - 102½ 101½ 102½ 102:,4-103¼ 100 ··:.OS¼ 103½-104¾ 104¾··108¾ 108 -ll.19½
Debenture .......... .. . 6 52 - 59
57½- 611,.i (ll - 60
62 - 65
62 - 04¾ 04 - 6i½ 07 - 7::>
74 - 79½ 73 ·· 82½ 8 1 - 87
Roch.&:; Plttsb.- lst ... 6 108 --108 .... - ... 107¾-108
- . .. . 110 - llO½ .. . . . . . . 108¼-110 110 -110 !110 -11 2
Cousol., 1st .... .. ...... 6 90 - 00
89½- 90
89 - 90¾ 00¾- 02!4 93 - 04 .... "89½- 00 *91 - 93 •01 - OS
08 -10!
Income . . . .. . . .... ~ ...... . 6 52 - 52
····
60 - GO
Rom e w.&oa-. - lst .. . 7 109 .::.oo
...... !07 - 107 111 -111 . ... - . . . . 110 •·110¼
::: : .. .
Con., 1st, ex . ... . . .. ... ti 72¼- 75½ 74¾ - 76
76 - 78½ 73 -· 75¾ 70¾- 75½ 74 - 75½ 74%- 75½ 75 • 77¾ 77½- 78½ 7:-i½- 82
Income . .. • . . . ...... .. . .. . 7 33 · 33 33 ·· 33½ 36 - 36½ 34½- 34¾ 33 - 35 81 - 31 SO¼- SO¼ 31 - 34~ 33 - 33 35 - 30
St. Jos.&G'd 181. - lst.6 .. . . ~ ·. ·. ·.·... ·.·.·_ ~ ·.·. ·....··..·•.
:!d, income.. . .. . ........ .. . . .
- .. . . . ... St.L.Alt.&T.H.-l8t.7 .... - .. . . 114 -114 . . .
. . . 1!5½-115½112 - 112 ... .. . . 114 -114
:!d, pref. . . . . ....... ... .. .7 109 -100 1. .. - . .. . 106 -108.½i•107 --107 106 - 109 109 -109 . . . - . . .. 107 - 112 112 -112 1091{-111
~d, income ..... . ........ 7 98 - 100)4' 96.½- Od½ 09 - 011½ 99 - lCO
96 - 06
98 - 99½ 100 -100 1102½- 102½ ... . - .. .. 105 -107
Dividend bonds .. . .. .. 6 2U - 20 20~.(- 31
27 - 27
25.¼ - 26
25 - 25½ .. . - • .. . 30 - 35
S·7 - 39
35 - 41½ SO ·· 51
Bell. & So. Ill. -lst . . 8 .... - .. ..
ll4¾-114¾
. .
.
St. L .& Iron Mt,- lst .. 7 118¼-114½ 111 -113 lll¾-113 112½- 114½ 114 -115½ it5 -1;5· 115½-116½ ii4½ · li4½ 118½-115 11 4 - 11 5½
2d, 1897 . . .. . .. .. ... .. .. 7 1C3½-105½ 103 -105 105½-L 8½ 108½-110 107 -108!,( 107½-108 108.½i- 110 110 -110½ 110 -110½ 112 -114
Ark.Branch . . ..... . .. 7 105 -106½ 105½-lOi½ 107¾- 109½ L09;._;-lll 110 -111½ 108)4- 110 108 -109 100.½-lll 110 -111½!111 -112½
Cairo & Fulton- lst .. 7 103 -105 103¼-106 106 -106½ 106¾-110 109¾-110 100 -109¾ 106½- 109 109½-110 109½;-110 !100:4-1 JO½
Cairo Ark. & Texas . 7 102½-102¾ 101!,i;-108¼ 104 - 105 104 -107 lOJ¾- 107½ 104¾-105 105 --107 106:;s- 107¼ 107 -107½ 107¾- 100
Gen . consol, & 1. ,i- ••• • I, 69½- 72
70 - 71¾ iO¼- 72½ 09,!- ii
71½- 74
72 - 73½ 72 - i5
7-t - 80
78¼- 81½ 70
80
St. P. & Duluth- 1st . . . /> .. .. - . ... . ... - .... ... . - ..
·· . .. .. . .. - . ...... . ·· . . .. 108¾-110 110 -110
8t.P. Minn.& M. - lst: .7 108.½i-109 109.½i-110 112 -114 11t -111½ 111¾- lll¾ 114 -115 lll½- 111½ 115 -115 114 -rn;
2d . ......... . ..... . . .. .. .. 6 110 -111 110~-lll½ 112¼(-115 110½-112½ 111 -114¾ l\4 -115¾( 114¾-llf> 113 -115½ ll6 -117 114),,i-110
Dakota Extenslon . .. . 6 1()9%-110 110 -111½ 112 -113½; 113 - 113 lLO •l~l ll:.!9'(-114 113½-114¼ 114½-115½ 116 -117 117 - 110
ht, consol. ... ... .. ..... 6 l()0¾-102¼ lc:!2½-105 106 - lOR 105 -100½ 106 -107½ 107½-112.½i 109 -113 ll2½-113¾ 112¾-113¾ 113¼- 113¾
Min. Unlon - lst ....... 6 .. . - ....... - .... 107 - 107
- . ... ·108½- 108½ . . . . - .. . . 111 -111
!Scioto Vn.lley- lst,con.7 ... . - .. ..... . - . ...... . - . . .. 40 - 40
40 - 40 . . . .... ,··· . - . . .. 41 - 41
Shenandoah Val.- lst .7 . . .. - . ....... - . . . . . .. l!Joutb Caroliua- ht . .. . 6 102¼- 108 !103¼-104 ... . - .... 103 -103 ...• - .. .. 104¾-105 105 - 105 .... :!d, 1931 ..... .. ....... . 6 .. . . 92 · 92
Inco mes . . . . ........ . .. .6 . ... - . . . . 30 - 31
SO - 81½ . . . .
- .... 25 - 28
26 - 26
SO - 35½ . . . .
35 - 36½
Texas Central- 1st .. . .. 7 78
73
52 - <19¾ 51 - 51
52 - 53 • • •
. . • . 57½- 57½ 00 - co
00 - 63½ 67½- 67½ 70 •· 70
1st, S. F., 1909 .. . . : 7 ..
- .. . . .... - . ... 60 - 62½ 65 - 65 ... . - .. .. 70 - 71
Tex.& N.O.- lst,1901> 7 ...
- . .. . 116 ·116 117¼- 117½
Sabine D iv.- ll!lt . . .. . . 6 78 .. 80 78 - 81
77 - 80½ 79 - 80¾ 79 - 80
75 - 80
80 •· 01
90 - 96
93½- 96½ 96 -· 07
'R.&St.L.-M.&A .,lst.6 ... .
- .... 31 - ss 30 - 32
31 - 31
Toi.& Ohio Cent.-lst ./> .. . . .. . . - . . .. 1 8 1
82
Vlrainia Midland-Inc.6 55
57
58½- 60 . . . . 54 - 55
50 - 53
48 - 53
53½- 58½ 54¼- 61 I 50 ·· 60¾
~~~h&~
Genera.I mort . . ........ 6 35 - 37½ .. . . Clllc. Div . . .. . .......... . ~ 72 - 74 73 - 79½ 75 - 7t'½
Toi. P. & W,- ll!lt ..... 7 80 - 82
76 - 7°™ 75 - 80
Trust Co. certs .... ....... . Iowa V lv !l!lion . . ... . 6 . . . .
Calro Dlv.- 1931 .. . .
Wab'sh-Mort. 100 9 .7 00 - 09 . . . - . . . . . . .
T o i.& W.- lst, ext'd.7 105¾-106 100 -108½ 108 -10()¼
St. Louis Div ........ 7 97 - 98 07½-102 101 -101½
2d, extended .. ..... . , 91 - 91½ 9H 2- 96½ 9 1 - !l4½
Eqnlpmcnt...... . .
7 27½- 27~ 2 • . • . - . • • • . . .
...
Cons,, conv .. ..... . 1 1 78 - 78 7S¾- 82
7::; - 'i8
tit. Western- 1st ... . .. , 1 105 -105½ 105½-107½ 106½!-107½
/,1···· - .. .... -
:.Id .. ................ .. . . . 7
'lulncy & Tol.- 1st . .. 1
b!t.L.K.C.&N.-RI.E.7
t1maha Div .... .. . ... 7
Clarinda. Branch ... 6
St. Chas. Brid,i-e .... 6
~eo.:t:i.~:-,~~S:;·.·.·.·_- ::!
DEC'BEit
Low.High Low.High Low.High Low.High Low.High Low.High Low .High Low . High L ow.High Low.Hi:zh Low . lllgh Lo w.Hh:rh.
91 - 02
92 - li7
03 - 05
I
- ... .
107 - 108 lOG -106
99 -100¾ f/9 · 03
90 - 93
90 · Ill
• . • - • • • . 20 - 2J
70½- 80
76 - 77¾
105½-106½ 103-¾- 106½
90 - Pl
.. .
100 -100
101 -102
100 -102
99¾- 101½
. .. . - .... 75 - 75
75 - 75
80 - 80
~~~=1~~~1 ~~~- =l~~~
We(!t. Un. Tel .- Coup .. 7 110 -1!0
Rearistered . .. .... . .... 7 no -1 11
!02
83
60.
76
- 103¼
- lO'J
- 76¼
- 76
96 -101
80 - 85
81
... . • •. ....• ,
71\¼- 78 .. . .
~-1.~ - 112½ 108 - lll
111½-li2½ .. ..
.. .. - ... _...
. .. . 117 •117
. ... 115 - 116
-
00
- .... .... • 60
41
105 - 106 105½-107½ 106¼- 108
95 - 05
94 - 95½ 05 - 08
88 · 9()
86 - 80
89½- 92
. . . . - . . ... .. .
05 - 70
05 - 71¾ 70 - 7~ 78
83
103½-105 105 - 106¾ 105½1· 107½ 106¾· 108
90 - 90.½i .... · ...... . - .. . . 03¾· 96½
- . .. . .... · ... . 71 - 71
. .. . 88 - 90¾' 89¾-100
0614-100 100 -100
81
77½- 82
74 · 78
70 · 85
81 · 83½
- ....
80¾- 80¾ .... 75¼- 75¼
!08 - 109~ 100
=1~~~ ~~¾=110½ 110¼- 110¾ 112
•· .... 116 -116
110 -·114½ 115 -116
I
I 40 - 50
78¼ 70!,,i· 80
87 1 89 · 01
87
02 ·· 03
02
47 - 53
00 - 70
03 · 7'J½
108 -100½ 109 -110
100 -100
07½- 101
03¼· 06
04½- 99¼
20¾'- 33½ 20 -. 82½ 27 . so .... • .... so - 42½ 38¼i5 - 76½ 77 - 78¾ 65 - 74¾ 67 - 72
i2½- 77 1 78 75 - 78
70½- 75
71½- 72x 72½- 73½ 77 · 85
83 . ... . .. . · _ ....... - · · -· 86½- . . . . 50 - 50 . • . . - • . . . 53½- 55 62 · 62
62
141 )4-141¼
7
13 ½-138½
131½· 131),<_;
. . ..
li0½· 111
· . ..
...
100 -102
80 - 44
9 I - 08
30 - 43
141½-143
138 -138
.... 127 - 128
L22 - 122
1047-{-106~i;
105¼-107
41 - 42
98 - 100
40 - 44
1,0 - GO
70
• 70
G7 - 75
70¼ - 74
100 -112¾ 112¾-115
86 - 01
84 - 88¾
"
•101 -107 103 - 105
110½-111
80¾- 85
83½- 90
37½- 42½ 41 - 46
104 -104 103 - 104
58¾- 58¾ 54½- 57
.. .
. .. 116 - 116
ll 1¾- 112½ 111 -111
104 -1 04 104 -104
. . .. - . . . . 50 - 50
- .. . . 115½-115½
11 5.½i-115¾ 115!,(-lltl
110 -111 110¾-112
112½-114 111 -112
1C9½-110 110 - 112
100½-100}~ 100 - 111
83¼- 85
82~ - 01
.. . 110 -110
113.½i-113)4 115 - 115½
115¾-117 117 -118
115½-11 6!,i 11" - 118
114 - ll5 115 - 117
46¼- 46½
'iO - 70½
106½-107½ 107¾-109
45 - 50
3-1
· 30
69 60.½!. -- ·
06¾43¾81 ½58¾-
70
70
.. .
97
50
08 - 101
50 - 52
88½ 88½- 95½
66¾ 60 - 65½
45 - 55
'i8½- 83
01½- 93
60½- 64
GI - 51½
72
110
11O
!18
28 - 35½
u8 - 68
09 - 70
- 75
-112
· 102½
· 100
50 - 52\1:f
81¼- 85¼
93½- 93¼
92 - 04
62 - 62
76 - 80
lll ¼-113
102%- 104½
00 - 09½
82 · 84
107¾- luO
!l4¼- 9il
83 · 85
86 - 93
10$¾-109¾ l v9½-110
08 -100
013¾- l CO
103 -105
8 1¾- 84
58 - 50
80¼- 87
l05 - lO'i¾
85½- 89½
55 - 60
00 - 95
•113½ 112½-114
113¼=1~~ . .
JOO½-lOg½
00 · 91½
61 - 62
92~- 94¼
!:¾=!:¼
... - .... 116 -118½ 118 ·-118½ 11$¾-119¾ .. . . 115¾-117 116!,,e-118 118 -lllil 118½- 118½ 123 · 123
. • Ooupon off'.
.1886.
JANUARY FEBR'RY. MARCH.
APRIL.
MAY.
JUNE.
JULY.
- - - - - - - - - - - - - - - - - - -- -- - - - - - - - - ---- - - - ---BONDS.
AUGUST.
SEPT' HER. OCTOBER. NOV ' BER. DEC'BER.
- - - - - - ----- -- - - - --- -
Low.High Low.High Low.High Low.High Low.High Low.High Low.High Low.High Low.High Low.Hiirh Low.High Low.High
A tlantlc & Pac.- tst . .. 6
West. Div.- lncome .. 6
B alt. & ·o .- lst, P.Br . . 6
G o hl, 19:!~. coup .. . . . />
Registe1·ed .. ... ....... I,
B ost. H.T. &Wes deb .I>
B ur.C. R.&No. - lst .. />
Cons . ll!lt & col, tr . . . .')
Iowa City & W . - 1st .1'
Ced. R.I.F .& N .-1st 6
1st, lft'.U .. ... .. .. . .. . />
B •N. Y.& P.- 1 st,1921 .6
-- --
-
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
..
84¼- 90
83½- 88
82¾- 87¾ 87 - £9
£3¼- 83
23.½i - 26~. 21¾- 25½ 20¾- 24
21½- 24¼ 20½- 24
- ... . .. .. - . 120 -122 122½-_122½
108~-112 109¼-110¾ 110 -112 110 - 110¼ 101)¾-112
109)4- 109¼ .09½-110 110 -111¾ · ·• - .... 111.¾- lll'A
- .... .... - . ··• ·
- •.. . ·•··
108¼- 109 109 -110½ 109½-111 lOtJ¾--110½ 110 -llt
101 - 108 103 -108 110 -110 105 -106½ 105¾-10~
87 - 88¾ 84¾- 85~ 8.'3 - 85½ 84¾- 1'6
22¼- 24
21¾- 22¾ 22 - 23~ 23 - 28
83¾- 88½ 86½- 90
25¾- 31¾ 2:¾- 31_
83 - 90½
2-t - 30¾
.... - .... 123~-126 127½-127½ 128 - 128½ 125 -125 125 - 125 120 - 126½
112 -114 118½-114 111 -112 111 -111½ 110;1:(- lll ¼ 110½-111½ lOu½-111
.... - .... 112¾-113¾ . ... - .... 110 -110 .... - ... . .... - . .. .... - ....
....
93,
...
- .... ....
- .... .... - .... .... - .... -··· - .... .... - ... . .. .. - . ... 03 - 93½ 92¼-- 1067
107 -109 108½-109½ 108 - 109 107½-10~ 108 -109 1087,{-109 106
-10~¾
1)9½104¾
102
....
....
99¾- 90¾
106 -107¾ 102½-103¾ 98 -101½
.... - .... ... . - ... . .... - .... .... - ... . ... - .... 118¼-!13½ 114 -l14½ .. ..
lCl;½-111 .... - ... . ... - . ... .... - ..
.. - .... .. .. - .... ..... - .... 1101(-111 .... - .... .... - .... ... - .... ... . - .... .. .. - .... ... . - .... ·••· - .... .... - · •· ·
100 -100 ... - ... . .... - . ... .... - ....
- .... .... - ... . .... - .... 106¼-106¼ . ... - .... 102 -1{,2 103 - 103 . ... - . .. .
47½- 49¾ 47 - 47~ 42 - 44.% 87 - 41½ 38 - 441,fi 48 - 4~ ~ - 44 .... - .... .... - ... . ... - .... ... - .... 44 - 51
.... - ... . ....
...
• •' ••
-·
-
BONDS.
R.AlLROAIJ
62
1886-C:ontinued.
FEBR'RY.
.BONDS.
MARCH.
A!:.c;;•::k·&·i~~·~::::::~
MAY.
JUNE.
AUGUST. SEPT'BER. OCTODER. Nov'BER. DEC 1BER
JULY.
Low. High Low.High Low.High Low. Hbrh Low.High Low.High Low.High Low.HiA"h Low.High
*-1-10_½_1_11_ .•.. - •... •109 -110~ •106¾-110 •lOS¼-09½ •106-108
70 - 70 .... - .... 70 - 70
66 - 68 .... - ••• tlS - 70
69 - 69 .... - .. ..
69
69
66 - 66 .... · - .... 68 - 70
11_0_
.. -. . ~~ *-10_5_%_1_0½- :-10_6___11_0_¾ *110___
___l_s_t_
_(j_e _n-tr_a_l_l_o_w_a
67½- 6Sf
67 - 71
Eastern Div.-lst .... 6 66½- 68
llls. Div.-lst, 1912 6 .... - .... 68½- 1:18½ .... · - ....
Cent. ot N. J.. ... 7 112 -113 111 -113 112:J,(-113¾
lst,1890.. . .. .. . .
Consol., assented ..... 7 106 -107¾ 107½-112¾ 112 -115
Conv., ussented ....... 7107¼-110 108¾-114~ 112 -119
A({instmcnt . . ... ...... .. 7 107 -108 ·07¾-110½ 110 -112
iS - 83¼
(;onv. debenture ...... «; 63 ~- 66 [ 66½- 80
Leh.&\-V.B.-Assent7 103 - 105¼ 105 -114 110 -113½
Ches. &O.-Pur.ll'I.fd .. 6
Series A ...... . ......... 6
Series B . ..... . .. . ... . 6
Currency.. .......... .. . 6
Mo1·t., 1911 .. . ........ . 6
l)bes. O. & S. \.V ..... 1)-6
Uhic. & Alton-1st ..... 7
Sinl,ing Jnnd .. . . ...... . t,
L .&lllo.R.lst, .1900 7
2d, 1900 .... . . . . . ..... 7
Chic. & AltonSt. J,.J.& Uhic.-lst .. 7
lUiss.Riv.Bd.lst,s.f.6
Chic. Uur.& Nor.- lst.:i
Cbic.B.& Q.-Cons ol.. .7
Debenture ... . ........ :i
Jo,va Div.", sink. fd .. i,
Iowa Div ... .. . ... . . .4
APRIL.
JANUARY
- - - - - - - - - - - - - - - ----1---- - - - -1----1---- - - - - - - - -
Low.High Low.High Low.High
*104 -106¼ •90 -104
*84 - 90½
70 - 70
70 - 70
75 - 75
. . .. ... - ... . .... - . .
.. ..
108
106
LOU
105
78
108
-108¼
-108¾
-108
-106
- 88~
-110
lll½-112 112½-112¾ 112¼-112½ 107 •-112½ 107 -108¼
117 -117¼ 116 -117 115 -117 106¼-116¼ 107 -109
118 -!20 114½-116 115 -119 107½-118½ 107½-109
103¼- 105¾ 105 -107½ 106 -107½ 105¼- 107¼ 105 -107½
81 - 92½ 79 - 83¾
85½- 88¾ 87 - 92
87¾- 90
113½-114½ 113 -113½ 111 -111½ 106 -111 110 -112
1
=!~~¾ .:~¾=l~~ · w½=102 .. 95}i=100½ .99 :
00½ ·us =
.93¼=
·;,o· = 02··1·00½=
. . - .... 115 -115½ 116 -116½ 115 -115 . . . . - ... . .... - ... 114 -114 ... . - .. . .
- ...
115.!,ii-115½ 115 -117
103¼-105½ 107½-114 110 -113 108 -109¼ 106½-l~ 106½-110 108¼;-109 109¼-110 110 -110 108 -108½ ·· ·· - ... .
*9%- 88 *81½- 84 *76 - 84¼ '68 - 79¼ *60 - 72 *69 - 74½ *72 - 7i¼ •76¾- 81 *75½- 78½ *75½- 78½ *76 - 78¼
30 - 32¼ 82 - 84¾
28)4- 82
80 - 84
28½- 32½ 80 - 32
3f - 88¼ 38¼- 41½ 85 - 39% 20 - 36¾ 25 - 3C
99 -100¼ 100 -WO½ 98½- 08¼ 97½- 90¼
08½- 99
118 - 99
94½- 98
90 -100
99 -100 100 -108 102 -103
97 - 99¾ '1!9 -100½ 100 -102
96 - 99
94 - 95½ 95½- 97½ 99½-101
88½- 03½ Ill - 95¾ 95¾- 98% 96 - 07
ll7½-118 120 -120 110 -121 120 -120 .... - .... 121¼-121¼ 117 -117 .... - •.. ll7 -118 117½-117½ 118 -118½
122 - 122½ 122 -122¼ •.•. - •. . lW - 124 121 -122 123 -123 .... - ........ - .... 123 -123 125 -125 125 - 125
.... - . .... . .. - ........ - ........ - ....... - ........ - ... 124 -124 120¾-120¼ .... - ... .. ... - .. .. 120 -120
.... - ....... - .. .. .... - ........ - .... 116½-116½ .... - . . . . . .. - ....... . - ........ - ... . . .. - .. . ·· - ....
lll ~ -1117-£
107¼-108
*i5¼- 7i¾
28¾- 83
IJ7 . 00
103 -104
118 · 118%
124 -124
12~¾-ll!~
116 -116
- .... . .. - ........ - ... . 118 -119 119 - 119¼ 119¼-119½ l~l¾-122 122 -122 .... - •.•..... - . . .. 116½-117
105 -105 .... - .... 106 -106 ...• - ....•••• - •....... - ........ - . .. . .... - .... 107 -107 .. . . - ..... . .. - ....
.... - . .. . .... - . .. . .... •· ........ - . . . 102½-102½ 103 -104½
.... - . . . . ... - .. .. . . .. - ... . .... - ........ 134 -138 136¾-187½ 134 -136¾ 185 -135¾ 135½- 186 187½-138 134 -135 133 - 134¼ 132¾-182¾ 132½- 133 134¼ -185
107 -108¼, 107¾-108½ 108¼-110 109 -110¼ 106½-108¾ HS -109 108½-109)/4 105 -1Cl8½ 105 -107¾ 106¾-1!8 105)4- 107½
.. ...... - ... .
112¼-112½!•· ·· - ........ - ........ - .......• - ........ - ........ - . .. . 118¾-118¾ .... - •.•. . . ..
09¼- 91J¾
90½-100% lOO!J.{-103 102½-102¾ 100¼-100~ 100½- 101 100¾-101¾ 101½-102)4102¼-102)4 101¾-101¾ 09½-100
117 -117
106 -106
104½-104¾
134¾-135
1, 5 - 107¼
.... - ••
UO¼ - 00¼
06¾ :~ =~
~~=i,:1~\~~'t.~.~:~ ..:! ~~~¼~l~~~· .~~ =1~~~
99 -100½
110¼-114½
112¾-114
114¼-115½
108¼-lll¼
78¼- 84
111 -112
110¼-111
111½-115¾
112½-115½
110 -111
i71l½- 86½
110 -113½
111 -111"
114½-llC
115¼-119½
105 -10S
82½- 88
lll½-113
.~.¼= ~~~
91l½-100¾
99½·~-; ~ i~
91P~
07~ .00¼=
~~~
=l~~~ l!~!~=i~i~I. ~~ =
~~ ..
97½- 91l½ 97½- 09¾
-116 1···· - ........ - ....
~~½= ::~
08¼- 98xi
.... - ..
116½-116¾
122 - 122 .... - .... 116
Cbic.&E.Ill.- lst,s.t.6115 - 116¾117 -118 120 -122
lstconsol., irold ... . .. 6 110 - 112¼ 112¼- 115 115¼-119 114 -114 112 -114 113 -113¾ 112 -113 110)4- 112 112 - 115½ 110½- ll~ 114 - 115 115 -115
99 - 100¼
119½
94¾94¾
92
96¼
ll5
97¼
97½....
..
..
....
....
Chlc.&In.C'lRy-lst.ii .... - . . . ... .. - ... .... - ....
I
C.:bic. IUilw. & St. P.- ... . 138 - 133½ 132½-134 181 - 134
lst·P. D., 1898 .. . .. . 813:i -135¾ 134 - 134 132 - 135¼ 186 -138 135)4-136½ . . . - ........ - .... 134 - 134
2 d, 1898 ..... .... 13-10128¼- 129 125 - 125 126 -126 125 -127 126¼-127½ 128 -128 . ... - ... . 1126½-126½ 125 -125 125½- 126 126 - 126 ... . - . .
:33½-134
1st, gold .... .... . ....•. . . .7 130 -130½ 131¼-132¾ 132 - 132 183 -134 131 - 134!),.( .... - . . . 131¼- 131½ 134½· 134½ 134 -134 133¾-134 . .. lst La Crosse Div ... . 112~½-123½ 123 - 124 122 -124¾ 123 -123½ 122¼- 124½ 124 -125 120¾- 12·2 121½-121½ 121 - 123 121 - 12~ 120%- 121 120 - 121
- ... . 126¼ -126¼ 123½-124 122¾-123½ 123 -123 123 - 1~4¼ 128½-124 124 -124
1st I. & ll'I, Div ... .. .. · 7 .... - ... . 12:-\¼-127¼ 125 -127 126 -127½
- . . . . . .. - ..
1st I. & D. Div ..... 7 ... - .... 130 -130 131¼-132 .... - .. .. . .. - ........ - ........ - . . 124¼-124¼ . .. - ..... ... - . . . .
... - ... . 132 -132 .... - ... . 131 - 131
... - ... . 132 -132½ . . .. - .. . .••.• - .... 134 -134
1st C. & ll'I. Div .. . .. . 7 130 -131 131 - 131 1:32 -133
Consol., 190:i ..... . ... 7 128¾-130 131 -182 131½-133 131½-133!,,ti 132¾-134 131 -18ts 131 -133 131½-132¾ 130 -131 130 - 133 132 - 132 130 -132¼
1st I. & D. Exteu ..... 7 125½·129 129¾- 131 131¼-133 132 -132% 133 -18H 134½-184½ 181½-132 .... - .. .. 131 - 131 120 -130 130 - 133 132½-1:J3¾
1st So. West Div ... .. .6 115¼-115¾ 116½-117 118½-121 119¼-119½ 119½- 120 121 -121 119%-119¾ 120 -121 120½-120½ 119 · 119 118½-118½ 119½-1H%
106 - !06¼ 107 -107 108½-10$½ 109½-l09J.t .. . - •.. . 1.... - .... 108 -109½ 109 -109 108 -109¾ .... - ..
1st La C. & Dn.v .... . . i) 105 -107
1st So. ll'Iinn. Div . . .. . 6 114¼- 117 117 - 118 116¼-119 117 -118 117¾-119½ 119 -121 119¾- 120¾ 118 - 120 116 -118 115½-117)4 116 -117½ 118 -118¼
128 -129 127½- 128 127½-129 129½-181 127 -127 1128 -128 126 -126 125¾· 127 126 - 127½ 1~.!· 128¾
1st H. & D. Div ..... . . 1 124 -125
.... - ... . 110 -119
Chic. & Pac. Div .. . . .. 6 120 - 121 121 - 124½ 121½-122~ . .. . - . ... 121¼- 123¼ ... . - •. . 120 -121 121 -121 122 -122
Chic, & Pac. W.Div .. :i 103 -1037...-1! 103¾· 106½ 10t~l07¾ 105¾ -107 105¼-110 109¾- lll 107½-108¾ 107 -108¾ 106¾-108 IO'i¼·lO,~ I0; ½-108½ 11.0S - 109¼'
106½-108½ ••. - . .. 106½-106¾1.... - . . . . 105 -107 106½-108 106¾-108
Mine1·al Point ......... :i 102 -103¼ 104 - 105 10'3 -107
1
Wis.& Min. Div .. ... . :i 102 -1037/4 103¼-105½ 104½-106½ 106 -106½ 105¾-109 lQS¾-109¾ 106¾-107% l07¾-1C8 106¾- 107¾ 106½ -107¼ 107¼-107:l,,i 107½-107¾
Terminal. ........... .. ~ 101¼-102½ 102¼-105½ 10$%-106½ 104¾-106¾ 104 - 107¼ 107 -108¾ 105 -105~l 104½·105¾ 103 -1015½ 104½-105¼ 104¼-107 104½-105¼
Fn1·iio & So.-A ssu .. . 6 114½-115 .. .. - . . .. 119 -119 .... - . . . . .... - . .. . .... - . . . 118½-118.½( ... - .. . . . .. - . ... .... - . . . . .. . - . ..... .. - ..
Chic. & 1' 01·thwest.Consol .. 191:i .... ..... , 140 -142 141 - 142½ 142¾-143 142 -143 141½-142 142½-143½ ... . - .... 142¼-142½ 141 -142 141 - 142 138¾- 140¼ 139½-141
Gold, coup ........ .. . . .. 7 180 -133¾ 133 - 135 185½- 136 135 -136¼ 136 -140 134 - 18:IX: 134 - 135 134 - 136 133 - 135 133 - 134 133½- 135 180¼-181¾
Gold, 1·ea .... ........ . ... , 133 - 133 133 - 133¾ .... - .. .. 135 -135¾ 137 - 137 134½ -135 . .. . - .. .. 133½-133½ 133 - 183 133 -134 134 -134 130½- 131
Sinkinfr tund,coup .... 6 117½-117½ 118 - 120 120 -121 118 -121 118 - 120 110 -120 119 -120 120 -120 120 - 120 115 -115.½i 115 - 116 117 -117
116 -116
Reg iste1·ed ....... . ... 6 117 -117 . ... - . ... .. - ... . .... - . . .. 118 - 118 . ... - .... 120 -120
Sinki?:r tund, copp .. . :i 110 -112 110¾-112 lll¼-112 108 - 108½ 108¾-110 109½-lll 111 -112 108 - 112 108 - 109¾ lCS - 100 lOS -108½ 108½-110
1
- .... .... - ... . J07 - 107 . .. . - . . . . . . - . .
R e~1stcred . . ... . .... :i .. .. - . . . lll½- 111½ .... - . . .. 107½- 108 . .. . - .. . .. . .. - ........ Debenture . ..... . . . ... . . l) 105 -107 106½-108 108 -1 ~ 108}4-100 105~-107➔.I 108 -109½ 10!)¾-110½ 108½ -110½ 108½-110 1<'8¾-110½ 107¼-108 107 -108½
-105 108½-108½ . . .. - .. . . . .. - .. . 108 -108
105
R egistei-ed .... . .. .. :i . .. - .. .... .. - . . . . 107 -107 .... - ... . 106 - Ire 107½-107½ 109 -110½
2/i y1·s, deben., 1909 .:i 104½- 106½ 100¾- 107½ 107½-108½ 1077k l09 106 -106¾ 106¾- 108¾ 108½-109 107½-108 107½·108 H,7½-108½ 1C6½·107s¼ 107½-100
- •••. 101¾-101;¼ 101¾-101¾
Exten. bonds, 1926 . . 4 . .. . - ... .. .. - . . ...... - ... . .... - ....... - ........ - .... 1• ••• - •• • •• ••• - ••••
• • •.•••• _
........ _
. ....... _
•• • _
•••
_
Escni.J.&L.Sup,- lst.6 115 -115½ .... - . ... . ... - ........ - ... . .... - .... . . . . _ .... 1•••• _ • • .
- ... . 136½-136½ .. . . - ....... . - . . .. . ... Iowa Midlund-lst . .. 8 134 -134 .... - . . ...•.. - .... 134 -135 135¾-137 .... - . . . . 1136 -136
.. . . ... .
..
..
....
..
121
125 - 125 124
Chic.& Mil.-lst . ..... 7' 126 -126½ 126¼-126¾ .... - .... 183 -133 127 - 127 .... - ....
- .... 101 -101;4 101¾-101% 1027,1i-1027A! .... - .... 101½-101½
Winona& St.P.-lst.7 103 -103¾ 104 - 104 104 -104¾ 104%-104¾ 104½-104¼
I
1···· - ........ - ....... - ... .... - ....
I···· - ...
~d···: ···· ....~· ··· ·· ···7
Md. & Mad. 1st .... . 6
Ottum. C. F. & St. P .I)
Northe1·n Ills.- lst . . :,
Chlc.R.I.& Puc.-Cp ... 6
Registe1•ed . .. .......... . 6
Exten. & Col. .. . ... . .. :,
·• Keok'k&DeslU.-lst,ii
Chic. & St. L. - lst . . .... 6
Chic.St.L.&Pitts- lst.:i
Chic. St.P. Min.&Om.Consol., 1930 . .... . . . .6
Cbic.St.P.& M.-bt .. 6
106 -107½ lOIJ -109
108¾-10~ 108½- 108½
128¾-130¼ 131¾-132¼
130 - 131~ 131 - 132
109-110¼ lll¾- 112
111 -111 110 -llu¾
108 -108 . . . . - .. . .
. .. - .. . . 02 - 95
1
118¼-122 120 -122
125 - 126 128¾- 128¾
107½-108
106 -108~
182 - 133
131¾-132¾
112 -112½
113 -113
.... - ....
95¾- 96½
132 -135
. . . . - ... .
108 - 108).4
108%-109
132½-133
132½-132¼
lll¼-112
108½·109¼
...• - ....
94½-100
120¼-122
129¾-130
120½-123
129½-130
=! ! ~ t 7 =l~ ..
=1~ ..
126¼=126~ 130 =130
....
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~!::::::.-~~::~:·.~4~ : :
. . . . .. . .
. .. . = .. ..
. . .. 116¼ 117¼
~~
····1···· - ...
- .. - ........ - .. .. 129
- ........
... . _ .. . . . ... - . .. . .... - .. .. . .. .
123 -126 122 -124 123 -124 120 - 124¼ 123 -U6½ 123¾-126 1';4 - 125½ 121 - 122½
127¼-127¾ 127¾-127¾ 127½-127½ 128½.- 120 129 -129 128 - 129½ 126 - 126 126 - 126
~~~¼=l~~ .. ~~~¼=1~~ !!:
=~::
107¼-108
. .. - ....
. .. . - ....
.... - . . ..
110 -111
110 - 110
.. . . - .. . .
.. .. - .. ..
1~~~ =l~~~ 127½- l~~ ~~~
=1~~.
Chic.& W .I.-lst,11.t . .. . 6 ... . - ...... . . - .. ... . . . - .. . 113½-113>-ii . .. . - ........ - .... 112¾-112¾ 113 -116 115 -115
.... 113 -118
Gen. mort ..... . .... .. ... 6 .... - .... 110 - 110½ 112 -112 110 - 110 111 - 111½ ... . - •.. 110¼-110¼
= :: : :[i04¼=100¾ io6½=100¾ ioo¼=lOO½ ios½=lOS½
Cin.&S.-Gu.C.CC.&1.7 . ... - .. .. 114 - 116½ 116 -116¼ . .•. - ••...•.• - . ...
G11a1·. Lake Sho1·e ... .7 119 - 119¾ 117¾-118 . . .. - ........ - ... . .. - ... .
Cl. C. C.& l.-lst, s.hl.7 123 - 126½ 1127 - 127 128 -128 128 - 128 12:3 -124
.
Consol. ....... ... ... .. . .. . ? 123½-125½, • • •• - . . . . 127½-128 127 - 127
.. ..
Consol. S. F ......... . 1 124 -12-1 . . .. - .. . . . . . . - · ·~· 128 -128 .. . .
104
101
General cons . . .. .. .. 6 101½·105 102 -105 100 -104¾ 100½-102¾
90 - 96
94 - 98½ 02 - 95
Col. Coal & 1,-lst,con.6 92 - 93¾ 91 - 95
86½- 89½ 8S - 89
83 - 02
Col.H. Val.& T.-lst . .. ~ 85 - 86¾ 86 - M
Gen. gold, 1904 ..... . 6 . .. - . . . . . . . . - .. . . . . - . . . . .. . . - . . .. . . . . - . . . .
Del.&Hnd.C .-lst,'91 .7 118½-115 113¼-115 114 -115 114 - ll4¾ 115½-115½
1st exten., '91. . . . . . .. 7 . . .. - .. .. 114 - 114¼ ..• - .. . . . . . - . .•. llb~-115¼
Coupon, 1894 . ...... .. . 7 118 -119½ 120 - 121 120 - 120½ 119 -119¾ 119 -U.O¾
Rr~., 189'1 ... . .... .. .. . 1118 -118½ 119 -llO .. . . - .... 119 -110 119~120¼
' Coupoll otr.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
-129
_
100 -110
. ... 138 -138
. ... 111 - 112
108 - 109½
100¼-106¼
96½- 97
132 - 132 . .•• _ .. ..
.... - ........ - ........ _ . . . .
110 -110½ 109 -100 .... - .... 111 - 111
....
.
..
110
no
110¼-110¼
108¾-108¾
134 - 136 132¾-137 133 -135 136 - 136
135 - 135 136 -186 !134 - 134 140 - 140
lll¾-113 112½-112½ 110½-112¾ 110½-110¾
.. . - .... 110 - 110
1087k109½ '!.10 - 110
- . . . . ... - . . . .
102 -102 . . . - . . . .
99¾- 100
.... - .. . .... . - .... 99 -100
~~~
100
....
138
135
111
109
101
....
~~~¾=1~~~
:::: =
=1~~ . .
.... - . ... .... - . ... .... . . . - .. .. 109 -109 109 -109
1
= ::: . io;;½=105¼ :::: = :::: :: :: = : ::: :::: =
= ~~•. . .. - . . .. 117 -117 . . .. - . ... . ... - . ... .... - . .. . 119 -no
- . . . . . ... - . .. ..... - ... ..... - .. . . .. . . 121 -121
.. .. - . . .. 125 - 125 .... - .. .. 128 - 126 123 - 124 . . .. ·- - .. .. 133¼-133½ 1303-9- 130¼
. . .. - . . .. 128 -131 134 - 134
... . - . ... ... . - . . . . . .. - .... 125½-125¼; 124 - 1~4 . . . . 104½- 106½ 104¼-107¾ 104½-107½ 106½-'.°i08 108 - 109¾ 109½-110¼
98 - 101½ 97½-101
98 -100¾ 95 - 98¼ 96 - 97~ 95½- 98
87 - 88~ 85 - 68½ &i¼- 85½ 82 - 87½ 86 - 89¾ 81 - 87¾
94½- 97¼ 88½- 92
. . . . - . .. . . . . . - . . . . . . . . - . . . . 95 - 95
113¾- 113¼ 112¼-112¾ 110½-lll¾ 110¼-112¾ 112~-118¾ 110 -118
.. .. - .... . ... - .... .. .. - ... . .. - •... 112¾-1:!.2¾ 113 -118
120 -120 .. .. - .... 119¾-119¾ 115½- 115¾ 115½-116½. 116¼-119
. . ... - .. . . . . . . .. - . .... .. . - . .. . .. .. - ... . .... -
iM¼~l04;)~~~
114½- 117
120 -120
125 - 125
125*127
126 -126
lOS¼-109
95 - 00½
88 - 00
. .. . - . . .
. ... - ...
.. .. - . .. .
!20 -120
.... - . ..
100 -100
107 - 107
137½-140
.... - . . .
110 - 111
109 - 110
. ... - ... .
05 - 96
-109
- ....
-139¾
-137
-111¾
-109
- 101
- .. ..
llAILRO.AlJ .BONDS.
1886-Continued.
JANUARY FEBR'RY.
MARCH.
.APRIL.
MAY.
JUNE.
JULY,
AUGUeT. SEPT'BER. OCTOBER. NOV'BER. D EC'' B E R.
---BOND~.
1 - - - -1- - - - - - - - ·- - - - ·- - - - - -·_________ - - · L o w.High Low.High Low.High Low.High Low.lJ:igh Low.High Low.High Low.High Low.High -~ow. High Low.High
~~_:1..!_
Del.& H . CanalPenna. Div.-Coup .... 7 186½- 138¼ 188¼-139¼ 186 -187½ . ... - . ... 188½-130 139 - 140 142 -142 144 -144¾ 140 -140½ .. .. - . .. . .... - , ••. 140½-141
Registere (l .. .... ..... 1 .... - .. .. .... - ........ - ........ - . .. .. . .. - ... . .... - .... .. . - .... .. . . - .... 140½-140½ 141 -141 .. .. - . .. . ... . _ ••••
Alb. & Susq.-lst m .. 7 107 - 107½ 107J4-107¼ 108 -108 108½- 108½ . .. . - .... 109 -109 106½-106½ .... - .. . . . ... - . . .. .... - . .. . .... - ....... . _ .. . •
l stcon.,1runr ...... . . , 12$¾- 130 182 -133 133½-135 131 -181¾ 131¾-183¼ 134 - 184 . . .. - ...• 184 -184 184 -184 132 -132 133 -133 133 -133
litt con. auar .. .. . .. . 6 1171>t-119 119 -122 121½-123 120 -121¼ 120 -120¾ 124 -124 124 -124 .... - •... 120 - 122½ 118¾-119½ 119½-120½ 119½-120
.. . - ........ .. . .. .. ... - .... . . . . - ........ - . . .. 118½- 119½ .... _ •...
l11t, r.ono gnnr., reg. 6 118 -118 .... - ........ - .... . .. - ... . 119 - 119
Rens. & Snr.- lst .. .. , 143 - 143 .... - .. .. .. . - .... 143 -148 141½-141½ .... - .... 144 -144 141 -144 . .. - . . . .. . - ........ _ .... . .. . _ .. . .
Del.Lack.& West.Conve1·tible .. ..... ..... 7 116½ -116½ .... - . .. ..... - . . .. 116 -116 116½-116),,; 114 -114 115 -115 ... • - •••..••• - .. .. 115 -115 116 -116 .. .. _ ... .
.... . .. 7 188 - 138 138 - 189 135%-137 136½-136% 137 -137 .... - .. . . .... - .... 140 -140 .... - .. . . . ... - .... 136¾-137 137¾-187:l<{
Mort., 1907
Syr.B'n & N. Y., 1 st . . 7 133¼-133½ 185 -137½ .... - .... 133 -133 184¼-134¼ .... - . ... .. .. - .... . ... - .... .... - . . . . . . .. - ........ - . . .. 131½-181¾
Mori-i s & Essex-1 t. 7 141½ -142)4 143 -140 145½-145½ 145 -145½ 142 -H2½ .... - .... 142 -143 l43 -144½ 143}»- 145 14.l -1 45 !41½-142½ 140½ -142
2d mo1•t ........ ....... ,- 114 . -117 114 -115 lU -114¼ 114 -114½ ll.1_½-114½ 114 -115 liO -117 113 -11$% 112½-113 112½-113¼ 112)4-113.½ 112¾- 113
7'8, 1 8 71 ......... .. .... 1 128½- 128½ 128¼-130 131 -133 128 -129½ 128¼- 120 131 -131 131½-131½ .... - .... .. - .... 125 -126½ i25 - 126½ 127 - 128
Consol., guar ..... .. .. , 130 -132 131¼ -134 134 -185 184½-135¼ 130 - 137 133½-135½ 135 -137½ 133 -137¾ 134½- 136 136 -138 137 - 138 138½-135
N.Y. L. & W.-lst .. .. 6 125 - 131 129½-13ll),s 130¼-132½ 131 -131 130 - 131½ 131½-133 130 - 131½ 131½-131½ 128 - 120½ 128%-130 130 - 130 128)4-130
Construction .... .. .. 5 10614- 109 107 - 108½ ~Oi¾-110 108¾-110 110 - 110 112¼-113 112 -112% 109 - 110¼ 108½· 109 108 -109 108 - 108% 108 -110
Denver & Rio G.- lst .7 114¼- 110 115¾-120 117.'>l!-121 1!9 -122½ 118 - 119}1; 119½ -121 120 -123½ 118¾·122½ 120¾-121½ 123 - 124 118 - UO 118½- ll~
90 - 96 .... - .... . ... - .... . ... - ... . . ... - .... .. .. - ... . . ... _ .. . .. .. _ .. . .
95 - 97½ 97 - 08
Consolidated ..... .. ... . 7 88 ¼- 88¼ 68 - 88
. Tru st Co. receipts.. .. 87¼- 92½ 89 - 93½ 02¾- 99¾ 98 - 100¼ 96½- 100.½ 100½ -109 108 -~12¾ 107 - 111½ 10S -113 109½-113 11 2¼-115 .... _ . .. .
- ........ - .. ...... - .. . . 79J 1- 81¾ 75½ - 81¼
.. . - . .. .... - .... . .. . - .. .. ..
.
....
........
........
..
.
.
..
....
4
.
..
.
...
~ew consol. . . ...
75 - 80
80 - 82¾ 70 - 82½ 77 - 82
78¼- 85¾ 77½- 85
75 - 79
74¾- 83¾ 75 - 78¾ 73 - 76
Denv .&R.G.\V .- 1st . . 6 72½ - 78'A 73 - 76
73¾- 78½ 74 - 76½
75½- 83½ 77 - 82)...i 78. - 79% 74 - 78
';4>:£- 77
76 - 77½ 72 - 72
74 - 81
Assented, 1st .. .. . . . . .. 6 .... - .. . . ';5 - 75
81½- 84½ 83%- 84
75 - 82½ 83½- 83
72 - 80¼ 80 - 82½ 81½ - 81½ 80 - 81
76 - 89
82 - 85),,i 88 - 89
Deuv . So. P. & P . - lst.7 1o0 - 81
~::.~t.: ~~!!;:=.;:!::: :::: = :::: ·5; =
l.~i
=0 ·6;
·6;;
=1i4. iis =120··
i~9
·;o 72½..,;;½= .;,½ ·1;_
·~2 05·· ·05·
=100 .. :::: = ::::
=
= ~7½
= ,;;; .. :
=
= 60 ..
= 65 ..
0 ..
55.. .
48½- 56
20 .... - ... . .... - .... 25 - 25
4Cl½- 50
40 - 40
38 - 38½ 39 - 41
36 - 40
~o 2 0
Land g rants, 1911.3½ . .. . SO - 42½ 4.S~- 43¼ . • . . - •.••
22 - 85
12 - 20
•. . .
. . . . . .. . . . . . • ..
.. • . . . . . . .. . . ••. J11con1 0, 1921 .. ... . ... 1 . . . . - . ... J · . • •
. ... 105:l<{-106 . ... - . . .. 105 - 105
Det. B. C. &Alp -lst .. 6 .... - ... . .. . . - .... .. .. - ... . .. . - .... . .. - . .. . .. .. - ... . 106½-106½ 106½- 106½ . . . .
E. Tenn. V. & G.- lst .. 7 118½ - 118½ 120 -122¾. l :?2){-124 121½- 1:.ll½ 122 -124 122½-120 122 -122 122 - 122 .... - .. .. 123 -123 .. .. - ... 123 -124
.... - .. .. .... - .. ... ... - ...
101
101
95¾
95
..
..
.
...
.
...
....
76¾- SO¾ 79½- 82¼ SO - 80¾ 80¼- 80½
Consol ....... ........... .5 68¼- 77
04¼- 97¾ 97¾ -lOla 99 -103½ .... - .. . . . ... - ........ - ... .
60¼- 87¾ 87½- 90
76½- 83
Tru st receipts .... .. 5 .... - . .. . 78¼ - 79½ 78¾- 83
80 - FO .. .. - .. .. 9 1 - 91 . . .. - . . .. . ... - .. . . .. .. - ........ - .. ..
. . - . . . 74 - 74
72 - ';5
Cousol.,ex-coup.9to12 61¾- 69¼ 6S¾- i 3
01 - 91 .. .. - .. . . .... - ... . .... - . . . •
79½- 86¾ 86½- 86½ 89½- 92
78½- 79
Cons., ex c p., Tr. 1·ec . .... - .. .. 70¼- 71½ 70½- 70½ 72.¼- 73
- ........ - ..... .. . - ..... ... - ... 103 -107 .... - ... . .... - ••.. 108 - 108 . . .. - .. .. . ... - ... . .... - ... . . .. . - .. ...
Divi s io nal. .... : ... . ... 5
- .... .... - •. . . •••• _ ........ _ ... .
....
..
..
....
...
.
_
........
..
..
Income ....... . . .... . .. .. 6 18½- 21% 10½- 2~½ 17¾- 20½ 18¾- 22¼ 17¾- 20½
23¾-- 29¼ .... - ... . .. .. - ........ - . . ..
23¾- 25% 24¾- 28
... - .. ..... - .... 19¼- 20¾ 17¾- 20¾ 20¼- 25
Eng. trust receipts .. . .... 95 - 07¾ 97 - 99¾ 97 - 99!}.{
04}1;- 07
...... - .... .... - . .
E.T.V .&Ga. R.y,con~ .... - ........ - . ....... - .. ...... - ........ - .. .. .... .... .. - . . . . 100¼-100¾
... .... - .... . ... - .. .. .... - .. . . .. - ... . .. - .. .. 09½-100
East & W. Ala.-lst .. 6 . ... - .. ... ... - .... .. .. Eliz. Lex. & Big. S .... 6 09 -102¼ 102 - 106½ 100½-103 101½-104 102¾-104½ 103½-109 10S -109 108¾-110 106½ -109 108 - 109 108¾-109 107¾-108
.. 122 - 122 121 - 122¼
..
...
.
125
125
Erie- 1st, Extended .... ,,. 125 ►.-127 125 -127½ 120¾ - 127¾ 127¾-127½. 125 - 125 124¾- 125½ 125½ -125>( t20½-i20½
.. .. - . .. . 1: 0 -110 116 -116 117¼-117¼ llS½- 114 113 -113 115¾-116½ 115 -115 . ... - . . . 114 - 114 .... - .. ..
2d, Ext ... .. ...... .... ... 5 .. ..
... - .... 10~½- 110 111 -112 .... - . ... 111 -112 112 -112 110 - 112½ ... . - .... 109½ -110 109½-109½ 110 - 110
3d Ext ... ........ .... 4½ 108 -108
4th, Ext ... . ..... ........ 5 112½ -115 119 -119 117 -117 112¾- ll2¾ 113 -113 .... - ... .. .. - .. . . . ... - .. . 116 - 116 113½-114 113 -115 114 - 114
:Sth, 1888 ...... .... .... 7 . . .. - .. .. .... - ... 108){-108½ .. . . - .... 10S½-109 . ... - ... .... . - .... . ... - .. . . 105 -105½ 105 -106 100 -100 103 -103
litt, cousol., golcl .. . ... 1129 -1 31 131 -137 132 - 135½ 132 -133½ 133 -13.t½ 133½-135% 136 - 139½ 188 -1 38¼ 184 - 135 133 -133¾ 133¾-184 133 -135
.. . ... - . . . . .. . - ........ - . ....... - .. .. . .. . - •...
1st consol. fd. coup .. . 7 120¼ ·120¼ 130 - 138 .... - . . . . 130½-130½ 130½-130½ 129 -131 .... -
~::;ll;:;:~.~~~.~~~.~: ~
iis =1is .. . :: :
= ... : ii4
=1io .. ,~~½=!!~~
~~~~=~!:½ ll6½=1io¾ 1i;4½=1i1· · ii5
=1i5¼ iio =1iT¾ 1i2¼=li4½
Cons. arold . . . .. .... .. . 6 .. .. - .... . .. - . ....... - .... 114½114½ 115½-115¾ llf>¾-115¾ 116 -124 123¼-124 123½ -123½ 118 -118 11 7 - 117¼ 11'3 -117½
Buff. N. Y. &E.- lst.,- 13:1¼-184 134½-184½ 135 -135 136 -136 137 -137 .. .. - .. . 184 -138 137 -137 .... - ... . 140 - 140 140 - 140 130 · 136¼
N.Y. L. E.& W.06!};!-105½ 105½-109½ 109¼-112¾ 115 - 115 116¼-116¼ .... - . .. . ... - . .. . . .. - ....
99¼-106½ 98¼-105
New, 2d c ons ol. . .. . . 6 89 - 94!,s 91½-105
01¾- 95½ 91½- 99¾ 97¾-102½ 99¾-103¼ 98¼-102 101½-104¼ 95 - 102¼
83½- 90¼ ~2¾- 92
Ex . .June, '8G, c p .ti 78¼- 8~ 70 - 88¾ 85 - 92
.... - .... 107¼"- 108
Col. trust, 1922 ..... ti .... - ... . 102 .- 104½ 108 -103 105 -105 104½- 104½ .... - ... . 106½-108 107¼-107¼ 107½- 107½ . . .. 0.t - 95.¼. 00 - 93½
69 - 93¼ OH~- 94¾ 91½- 94¾ 93¾- 96¼ 9.1 - 95
Fnntl. c oup., 1969 5 . . .. - ... . 77¼- 95¾ 86¾- 96¼ 88 - 91¼ 87 - 03
, O - :-o
08 - 68 . ... - .. . . 70 - 75 .. .. - .. . . 75 - 76
lnco1ne .. ..... . ... ... . 6 56 - 56 .... - ... ... .. - ........ - ...... . . - .. . . 68 - tS8
Ev.&lnd'p,con.,1926.6 . .. . -· ....... - ... . .. - ....... - . .. . 112 -112,¼ 112 -113 100 -100 . .. . - .. .. .... - .... 109 . 109 .. .. - ........ - . .•.
Ev. & T. llaute-Con .. 6 lll½-113 113 -114¾ 114½-116 115½-117 115½ -117 116½- 120¼ :17 -117½ 117 -117¾ 110 -116¼ 116 -116.½ 117 -118¼ 118 - 118¼
Mt. Vernon-1st .. .. . .. 6 1r 3 - 105 .... - ... . 108¾ 108¾ 108 -109 109 -100 109¾-109¾ .... - . . .. . ... - .... ... . - ...... .. - . ... 112¼-112¾{ ... . - ... .
Flint & P. M.-lllo1·t ... 6 110 -116 .... - .. .. . .• - .... ... . - . .. . .•.• - ... . .... - ........ - .... 122¼-122½ 120 - 120 lHl½- 119½ 119 - 119½ 120 - 12~
90 - 95½ 85¼- 91¼
83½- 86½ 83¼- 85~ 83 - 90
83 - 87
83½- 80
88½- 00
87½- 90¼ 88 - 92!4 87 90
Ft.W.&D~nv.C.-lst .6 81 - 89
77½- 70 . .. . - .. ...... - ... .
78 - 7S
Gu.l.H.& II. of '82 ..... :S .. .. - ... . 71 - 71 .... - ....... - ........ -.... 72½- 74 .... - .... 75 - 77
111 - 111 107 - 110 109½-109½ .... - .. . . 106¼-106¼
Gal. H. & SauA.-lst .. 6 ..1.14 - 114 111 -112½ . ... - ... . 115 -115 115 -115 116 -116 .... 2d moi·t . . .. . . ........ . .. 7 1108 -108¾ 108½-113 115 -119¾ 113 - 119 118 -118 110 . 116 115¼ -115¼ 114 - 114 114 -115 . . . . - . . . . .. - ... . .... - ... .
99½-100½
98""n,- 100½ 100¼-102¾ 102 -103 100¾--101
IJ61/,rl00¼ 99½-101% 07¼- 08½ 9e - 98¾ 07¾- 99
W este1·n Div-1st .. . . 5 92 - 93% 92%- 97
01 - 94
90 - 91¼ 89 - 90% 90¾- 90¾ 92½- 93¼ 03¼ - 98~ 93¾- 94
87¼- 00
85 - 87½ 87¼- 68
81¾- 83
2d.. . ..... .. .. .. .. . .. 6 80 - 81
96 · 101¼ 100 -105 104 -106 100 -107½ .... - . .. ..... - . .. . .. - .. . . . . .. - .... *87½- 92
03½- 98
Gr.B. W.& St. P.- lst .. 6 So - SO~ 87½- 90
36¾- 41
80¾- 39
36¼- 39~ 37¾- 39½ 39 - 41½ li9 - 40¾ 38 - rs
37½- 40
32 - 42¾ 38 - 42
24½- 32
2d, income .............. s 25 - 26
Gulf Col. & S . F.-lst .. 7 116½- 119 1181/,r-124 123X:-127 124¼-125 122 -12S 127ni-128½ 123/)4-124½ 120 -124½ 123 - 124 123¾-124½ 124 - 125 124 -125
00¾-103¼ 103¼, ·106¼ 102¼-104 1()2_½-103¼ 101 -103 .
~d, 1923 ... ....... ....... 6 86¾- 89¾ 89½- 97¼ 96;14-106 103 -lOi½ 09¼-1 05 104 - 105½ 102½ -105
Han. & St. J o.-Con s. 6 119½-121 121 -123¼ 119½·120¾ 120 - 121½ 121½-121¾ 122¾-123½ 123½-124¼ 122 -123½ 120 -125 121 -123 121½-122½ 120 -121½
Hen. Bridge Co .- l st .. . 6 no -111 110¾-111½ t09½ -109~ 108½-108¾ 109 -109¾ .... - ... . 112 -112 . . •• - ........ - . .. . . .. - .... 108½-109½ lC.,~-108½
88 -88½ . ... - .. . 85 -85 .... - .... 65 -65
- . ....... - ... . .... - .... . ... - .... 80 -89½ .... - ... . 80 -89
Hous.E.&W.T.-lst.'7
Hou e.. &T.C.-lst,M.L.7' *102 -104½ *02½-105:½ *1C3¼ 105 *104 -105½ *04½-113¾ •no -113½ *ll~¼-13½ *110½-14½ *110¼- ll½ *109 - 111½ *110¼-ll¼ •110 -114
-104 *104-105 *100 -104½ *101¾-105 *104 -109
*102
-108½
*104
-107½
*107
*95½-104½
97¾
*97
99½
*97½*98)4-100¼
-101
*98
7
......
1st,\\ estern Div
.. . - ... . *102-102 *104 -104 .... - .. . .
W.&N.Div .. .. . . . .... ,- .. .. - .. . *100-101 *100 -100½ *100 - 100¾ .. .. - ... . .... - .... *105-105 '105-105
95
89
87¼- 00
94 - 94½ . . . • - . . . . 82 - 86
88 - 91½ 89½ - 92
76 - 93
2d, Main Line . . . .. . ... 8 83 - 00¾ 86 - 8d 87 - 89¼ 77 - 80
67¾- 73¼
133 - 68
64 - 64
05 - 70½ 64 - 85
66 - 71
04 - 69
51 - 56¾ 50 - 70
50 - 59
General mort .... .... .. 6 55 - 58½ 55¼- 58
... .
99¾- 99¾ .. ..
Ill.Cent.-Gl d.,1951,3½ .... - ....... . - ... . .... - ..... . .. - ........ - .... 102 - 102¾ 100½-101¼ 100½-100¾ 100½-101 101 -101
1st &'Old, 1051 ........ 4 .... - .... .. - . . . . 108½-109½ 108 - 108½ 108 -109 109 -110 108 -108 .... - .... 106½-108 107½-110 109 -110 109 -110
.... - .. .. 119 -119 120½-120½ 120 -121 .... - .. .. . ... - • .. 119½-119½ .... - .. . . ... - . . .. 117¾-117½ 118¾-118~
Springf. Div., 1 S 9 8 .. 6 .... Middle Div., 1921 ... 5 109¼-109¼ 109½-109½ .... - ........ - . ....... - ... . .... - ........ - ........ - ........ - .. .. .. . . - ....... - ........ - . .. .
.. - ... .
C.St.L.&N.O.- l s t, c o7 .. .. - ....... - . ....... - ...... .. - . . ...... - ........ - ..... . .. - .. .. 122 -122 122 -122 .... - .... . ... - ..
. ~~~.½=l~~~ ~~~ =1~7.. ~~~
D~:~t·c:; 2~i·di;::::~1 ~~~ =l~~
Cedai·F.&M ., 1st ... 113 -113
lnd.Bl.&W.- l s t,pref7' .... - . . ..
1st, 1909 . ... .. . .. ... 5, 6 95 -100
2d, 1909 ... .. . ... .. . a, 6 79¾- 84
Eastern Div ... ........ 6 98 -100
Con, income .... . ... . .. 6 85 - 41 ¼
Ind. Dec. & S p'arfield.lst, ex funded coup .. 7' 99 -101
2d income . . .. . . . .. .. .. . . .. .. - . .. .
2d income Tru s t rc1>ts· .... - ....
Intern. & Gt. No.-lst.6 114 -115½
Coupon, 1909 .......... 6 84½- 88
Iron St'inb'tCo.,19O1 .6 .... - ....
Jeff"erson- lst ........... 7· ... - . .
Iientucky C,, stam'd ... 4 68 - 70
• po11P01lc.«.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
117 -117½
.... - . .. .
100:):(-102½
84 - 86¼ 86 - 00
100 -'103¾ 101 -105¼
37¾- 41~ 33 - 41¾
115 - 116
120 - 120
97 -101
=1~~ .. ,~~~½=1~~- ·
118 -120 .... - ....
120½- 120½ ... . - .
100 -103 100 -104¼
85 - 85
85 - 88
102 -104 102¼-104½
33 - 37¼ 31 - 35
:!!½~ii!
120 -120
. ... - ... .
101½-104
84 - 85
100½ - 103
30 - 37½
106 - 107
. . .. - . .. .
28½- 34
116½-118½
813¼- 88¾ 85 - 92
88 - 96
88 - 88 85½- 00 · 88 - 88 ... . - .... 86!,(- 87
. .. . - .... .... - ...... . . - .... 106 -107 . .. .. - ....
69 - 70
67 - 70
67 - 71 1 67 - 70
59¼- 66
98½-103
22 - 22
20 - 26}~
117 -118¼
- 107!,4
- • . ..
- 30
-118½
84 - 92
103
....
27
117
104 -107½
• . . . - . . ..
28 - 84¾
117½-118
88 - 89
105¼-107
. . . . - .. ..
28 - 30
114 - 115¼
119 =1~~ ..
... -, ....
116 -~16
89½-101¾
66½- 83
89 - 97½
21¾- 31¼
1~~ =l~~~ ~~.~
~~~=l~~ ~~~ =l~~~ ~~~
112½=112½
....
.. ..
98 - 99½
75 - 77
92 - 95
27 - 31¾
.... - .... 106 -111
.... - .... 116¼-118
93½ - 97
90 - 97
797/4-- 86½
72 - 79
00½- 03½ 91½- 95½
20 - 81¾
211½- 83
=1~~ ..
... = . .. .
.. ..
.. ..
97½- 08
'i0½- 75
90 - 92
26 - 33
106 -107 107 -107 105½-108 t08 -108 106 - 106
.. • . . . .. - .. ..
34 - 39 . . ..
. . . . - .. .. 32 - 32
37 - 38¾
33 - 33¾ 33%- 33¾ 84 - 38½ 37 - 41
... - •.. . 118 - 118 118 - 118 116 -119 114½·110,½
92½- 95
89½- 92½ 90¾- 92¼ 88 - 89¼ 88¼- 94
... - ........ - ........ - ........ - .. ... . .. - ....
102½-102½ .. .. - .... 103 ··103 103¾-103½ 104 -104.
~
68 - 68 67
67 - 69
67 - 70
67 - 68
=l~~ . .
.. .. - ....
119½-120
91 - 94¾
78 - 82¼
00 - 91
28 - 33~
-106
- . ...
- 40
-116½
- 95
- •. .
-104
65 - 67¼
106
. .. .
37
116
90
.. . .
104
a4.
RAILROAD .BONDS. ,
1886-(Jontinued.
BONDS.
JANUARY FEBR'RY. ,.. MARCH.
- - - 1- - - - 1 - - - - · -
APRIL.
MAY.
JUNE.
JULY.
---- - - - - - - -·--
AUGUST. 8EPT'BER. OCTOBER. NOV'BER.
DEC'BBR.
------1----11----1----- - - - -
Low.High Low.High L ,.,w.Hlgh Low.High Low.High Low.High Low.High Low .High Low.High Low.High Low.High Low.High
---
-- - - -·
-----Knox.&0, -1st,192;"i.6 86½- 87¾ HI - 80
go - g5
g4¼- 06¾ g5¼-103 101%-105½ 101 -103 100 -103 102 -102.½ 102,4-102¼ 101½-103~ 101½-102¼
Lake E1·ie & W.- lst .. 6 92 - 95¾ g4¾- \17¾ 92 - g4
g3 - g6½ 9S!,4- 'f5
g5 - 96
95 - 96
95 - 00½ OO}!a-105 104¾-104¾ 102¼-103 105 -110
Income .. . . .......... .. . 7' 28 - 32½ 2-l - 27¾ 23 - 25½ 24¾- 24¼ 23~- 23¼ 26 - 2().½ 22½- 23
20 - 26½ 22½- 34½ 30 - SO
35 - 40
35 - 3~
Sandusky Div . .. . . . ... . 6 85 - 90
SU - 86 .... - •....... - •. ..••.. • ..•..•.. - .. . .•.. . - ....... . - ........ - .... ....
• •• ... .. - .... 109 -109
Sandusky Div.-Inc ... 27 - 29½ .... - ...... . - . ....... - ........ - •....... - •....... - .. . . •.. - ...... . . - ........ - ..•. . ..• - •... ...• - •• ..
Lat. Bl. & lU.-lst . .. .6 91 - 1)9
g9:l,(-107 100 -105 101 -102 100 - 101 100 - 100
99'7,1\-100½ 100 -103 102 -105 102%-104 103 -108 100 -111
Income ....
. . . . . 7' 81 - 42
40 - 47½ SO - 41
88 - 40
. . • - • . . . 40 - 40 . . . . - • . . . 48 - 46
45½- 50¾ 50 - 50
50 - 50
55 - 70
Lake Shore & M. So,Cl, Pains. & Ash ...... 7116 -116 118 -llll .... - ........ - .... 116½-116½117 -117 118 -118 .... - .•...... - .......• - ... 114 -114¼114 -114
Hua. & Erie- New .... 7 .... - .. .. 129 - 121i 128¾-128~ 122 -ll:!2½ ~24½-124½ .•.. - .•.•... - ........ - ... . 122111-125¾ 121½-121½ 124 -124 124 -124
Knl. & W. P,- lst .... 7 ... - ........ - ... . 103 -108 .... - ........ - . ... .... - •.•..... - . . ..... - ........ - .. . ... - •....... - •••. .. - .•..
L. Shore-Dividend .. 1 . . - .... 124¼-124¼ 125!,:(-!26 122 -122 123 -123
... - •... 124½-124½ .... - •.. ..... - .... 121¾-121¾ .... - .... 123 -123~
ht con., c oup . ....... 7 127 -130½ 129¾-131 lSG,½-131% .... - .... 18()%- 132¾ 132¼-134½ 130 -18 1 129 -12g½ 130 -130 129¼-181 180 -180½ 129 -130¼
1st con., 1·eg-....... . .. , 127,½-130 120½-130 130½-131¼ 127½-128 12{)¾-129:)4 130 -132½ 120 -131 129½-131 .... - . .. . 128 -12g 127 - 128½ 128¾-129
2d cou., coup ....... .. , ~lll¾-123 122}8-123 122~-124¾ 123 -124% 124 -1'!7 123 -125 124¾-125 124 - 124¼ 124 -124¾ 125 - 125½ 125½-127 122½-124
2d con., rei: .. ........ 1 119¼-122½ 122)4-12.J 123 -124 123¾-124.½ 122½-125
. . . - . .. . . •. - ... . 123 - 124 12i -124¾ ... . - ... . .... - ... . 122½-123~
.lllnhouing CoalltR . . ~ 103 -104 103,½-104~ 104¾-105 104¾-105 104 -104% 103¾-104% .... - . .. . 103½-103½ 103¾-10'1 105 -105 104 -105 .•.. - •...
.. ong I s land- 1st ........ 1 124 - 124 127½-128 130 -130 . . . . - ....•... - . ....... - . . ..... . - . . . . 122 -122 .... - . . 119 -121 . . . . - ........ - . .. .
1st, consol.. ....... ... 5 108 -112)11 114 -114 114 - 114½ 112 -112¾ lll¼-112¾ 112 -118 114 -115 114½-115 112½-114½ 113¾-113¾ 112 -114¼ 115¼- 115¼
Louisv .& N .- Consol... 1 12'1~·124½ 124 -125 124 -125 121 - 121¼ !.17 -120¾ 119¾- 120:}4 120 -122½ 120 -122 121 -121½ 118 -118 118½-118½ 11$¾-120
Uecilinn Brauch .... . . , 109 -109 109 -110 .... - . . . 108 -110 107½-107!,,i 113 -118 ... . - ... . ..
... ....
. . ...... - ... 111 - 112 . . . . - .. ..
' N. O, & lllob- lst ..... 6 100 -103% 102 -104½ 103 -105 102¾-104¾ g9 -102 100 -104.½ 101¾-104 103¼-104¾ 103 -105 105 -100 J105¼-107½ 107 -l07llt:
2d . . . ........ . .. . ....... . 6
88 - 90
88 ·· 90½ 92 - 05½ 91 - 94x
Sil - 91
88 - 90¼ 86 - 93
91½- 94
93)4- 93¾ 03¾- g3¾I 94 - 00
il6 - 97
E. H. & Nnsb.-lst .. -6 115 -115 115 -116 115¼-116 116 -116>11 .... - . ... 112 -114¼ 115 -116
113½-115 .... - .... 114 - 114
Gen'l mort ... ...... .... . 6 100¾-105¼ 104¼-106½ 106¾-108½ 105%-107½ 103½-107 102½-105¼ 10'1 -107 10:> -107½ 105½-107 107 -109½ 109 -109¾ 100½-108~
Pensacola Div....
.6 ... . - . . .. g7½- g7½ . .. - ••...•.. - •... ... - ........ - ........ - . . . . . .. - ... . .... - ........ - ... . gg - 102 .... - •..•
St, Louis Div.-lst .. 6 .•.. - ... 108 •·108 .•.• - .. .. .... - .... 110 -110 .... - .......• - .... .... - ........ - . .. . . •. - .... 113 -113 ...• - .. ..
St. Louis Div.- 2d ... 3 .... - ........ - .. . . 56 - 56
51 - 51
. .. - .. ...... - . . .. 55 - 57 . . .. - . .. . .... - .. .....• - .... .. .. - •....... - ...•
Nnsh. & Decatur... .. . 7 .... - . . . . 122 -126 .... - ••• . . ... - . . .. 121 -122 122¼- 122¾ ... . - . ... 123½-123½ . . .. - .. ... ... - .. . . .... - ........ - •..•
~o. & No. Aln. S. F .. 6 .... - ........ .. .. - ........ - ........ - ........ - .. . ..... - . ....... - .. ..... - .... 102 -105 .... - . . ....•. - •..
Tl'U!!lt bonds . .... ....... 6 gs -100¾ {)g¾-104½ 101½-104 101 -102¾ 100 -102¾ 98 -102¾ 101%-104½ 103½-105½ 102 -10! 103:½i-105¾ 105 - 107 103¼-195¼
Ten-Fortv, 1924 ... .. 6 86 - Vi¼ 87 - 80
89 - 93
90 - g1
84½ - 84¼ 80 - 00
91¾- 93
93 - 93½ 95 - 95
97 - 99½ 97:J;!-100 . . .. - ....
Pensnc, & Atl,-lst .. 6 86 - 89
84¾- E9
89 - 90
88 - go
... ·• . . . 82¼- 85
85 - 90
88 - 89½ 88¼- 89¼ 89 - 95
93 - 1,6
92½- 00
Lon. N, Alb. & C,-lst.6 100½-106 106 -108 100¾-110 109 -112 108 -110:)4 110 -120 115 -116 113¾-114 110 -111 110 -111 110½-111½ IOQ -111¼
Con., g old, 1916 .... .. 6 .... - ... .. ... - ....... ... ... - . . . ..... - .... g6%-100
98½- 98% .. .. - . . . . 97 - 90
94½- 95
1;5 -100
95½- 97¼
Louisv. N.O.&T.-lst . .1 91¼- 91½ 91¼- 02¾ 90¾- 90¾ 90½- go½ .... - ... . ... - ....... - ... . .... - .. ...... - .. .. ... . - .... . ... - .. ...•.. - ... .
1
Ji.i.rn.Il,j1111>, Uo.-Lim.7' 80 - 80
so - so .... - ........ - ... .... - . .. . 87¼- 87¾ .... - . . . . oo - go
86½- 86½ 88 - 88 . . . . - •.. . .... - ... .
lnem.& Chas,-Gold . .. 6 . .
. . .. . . . .
. ....... - . . .... . . - ... . 102 -103 102~-105¼ 102 ·- 103 102½-103½ 102½-104¾,104 - 104¾ 104¼-106¼ 105 -105¼
!l'letropolitnu El,-lst .. 6 115 -117¾ 116¼-118 117½-118 117½-118 117½-121½ 121 -123 117 -118 116½-118 116½-1181 117¾-118 117½-119½ 118 -120
2d, 1899 ........ .. . ..... 6 lOS¾-1 09¾ 109 -110¾ 11!¾-113 112½-113¾ 109½- lll¾ Lll½-112¾ 111¾-112¼ 110 -112 llQ¾-112 lll½-113 1og:J4-lll 109½-110¼
Mex. Cent,-lst, ex cp.1 47 - 51¼ 43¼- 49
89 - 49 ... . - ..... ..• - ...... • - . . . . 40 - 40
40¾- 40¾ ... . - ... . .... - .. ...... - •... 56 - 60
New a ssen ted ..... . . . . 4 .... - . . . . ... - . ... 38),i- 41
39¼- 39¼ 89 - 80
34 - 39""~ 35¾- 37¼ 38 - 39¼ .... - .•.. 46¾- 46% 47 - 52
52 - 57
Mich.Ccnt-lst,consol.7 128¾-131 130½!-181 181 -132 132 -133 130 -130 129 -130 129½-131 130 -130¾ .. .. - ... 130½-132 120¾- 129 127½-128¼
1st, com1ol . . .... ..... .5 107 -!.11 110 -111¾ 110 - 111½ 110,¼-110½ 109 -110 110½-110¼ .... - .. . ..... - ........ - ... . 110¼-110½ ... . - .. .. 109 -109
Coupon, 1931 ....... ... 5 l Oi¾- lW¾ 108 -110 108 - 108 108½-109½ 109 - 110 109 -110 .... - ....... . - .... 109½-109½ .... - ........ - ... 109 - 110
Reg-istc1•ed, 1931 . .... 5 107 -107 108 - llO 109 -110
. . - .. 109 -109 .... - ........ - •..... .. - ........ - .. . ... . . - ..... . . - .... 108¼-109¾
l.l1id. of N.J,-lst ........ 6 100 -103 103 -100¾ 100 -109 105 -106 104 -107½ 107 ·107½ 106!,:(-109½ 100 -109~e 108 -lOIJ½ 104½ 105½ 100 -108¾ 109¼-110
Mil. L. Sb . &'\V,-lst .. 6.• 112½
. - 114½ 114½-117 t16 -118 117 -120 117 -118½ 118 -121½ 118¾-120 118¼-ll\J¾ lli - 118 117 -118½ 1114¾-116¼ 114½-118
Income . ....... .. ....... . 6 88 - g1¼ 91½- 04
94¼- 97
07 - 103h? 100 -106 ....
105 -105 .... - .... 104 -104¾ 104½-107 101½-104 104 -107
,llicbig an Div ........ .. 6 106¾-111 11()7,{- 115 ll6 -118 ... .
116 - 120½ 116 -119 117 -117½ .... - . . ..
. ... - ... . 113 - 115 115 -116
Asblan,l Div., lst ... .6 .... · ... . .. - ........ - ........ - . . . . .... - ... . 115 -116½ .... - .. .. 117 -117 113½-114 112½-112½ 1... . - ... .
Mil. & No.-lst, 1910 .6
102½-105 104 -105½ 104½-105 105 -106½ 102¾-lu5¾ 105½-105 104 -105¼ 104 -105 102 -106 1100 -100¼ 108 -lOt¼
1st, on exten., 1913 .. 6 lCiO -.101 101 -101¾ 101%-103¾ 10~-103½ 102¼-104 101½-102¼ 102 -103½ 103· -104 102½- 103 101 -104 104 -10-l 103 ,-104
Miunenp.& St,L.-lst. 7
. . ..... . - . •. . . . . - .... 135 -136 135 -135 .. .• - . .. .. ... - ... 128 - 130 . .. . - . . .. 132 - 132½ ll32 -135 181¼-131½
Iowa Extension ...... 7 121 -125 . . .. - ... . 124 -125 123 -125 . ... - .... ... . - ... . .... - ...... . . - .... 119 -119 120½- 120½ 122 -122 .... - •. ..
2d, 1891 . . .......... .. 7' .... - ... . .... - ..
. .. - . . .... .. - ... ... .. - · · · · .. .. - .... 101 -102 .... - .. . . 102 - 102 .... - . ...... - ........ ..
Pacific Ext ..... .... .... .6 .. . . •· .... 110 -110 ... . - . . . . . . . - •... .... - ........ - . .. ..... - . . . . . . .
. .... . .. - .... 110 -110 109 -109 108 - 100
Imp. & equip,, i 922 . 6 95 - 95¾ 06 -100
98½-100
99%- 99
96¾- 98 96%- 98 .... - . . . . 00 - 00
93½- 04 ... . - . . . . 00 - 95
93 - 95
l'tli1111,&No,\.V, - lst,ir .. ;"i ... . - .... 991}.(-100¾ 100 -101¼ . . .. - .. .. 102 -102 101 -108 100 -103 104 - 105
... - ........ - . . . . 104½-105 104¾- 106
lUo,Ii..&T.-Gen, con .. 6 88 - g2½ 91¾- 00
89¾- 95½ 01 - g4¼ 87¾- 94½ 01¼- 96¼ 94:½i- 97
93 - 00¾ ~4 · 97½ 97 -101¼ 110114-105¼ 97½-101~,t
Geu.consol. . . ..... .. ... ~ 75 - 79¾ 'i8¾- 88
75~- 82
75¾- 80½ 72¾- 80½ 77½- 82½ 81 - 83½ 81½- 84¼ 82 · 85
84¾- 03:½il 90¾- g3
85 - 87~
~:~::~,~~.-.·.·:.·:.:·::·:::!
Hau. & C. l.llo.-lst . . 7
lffobile & Ohio-New .. 6
1st, cxten., 1927' ... .. . 6
1st pref. debeutu1•e ... 7
2d pref. dcbenture .... 7'
3d pref. debenture .... ,
4th pref, dcbe ntu1·e .. 7
St. Louis & C., guar.4
Morgan's L. & T.-lst.6
1st, 1918 .. . ......... . ,
Mutual Union T ·-S.F .6
Nasbv,C.& St,L,-lst. 7
2d, 1901 . . . ... ......... .6
New .J. South.-Guar .. 6
N.O.Pncific-lst, ex cp.6
T1·ust 1·eceipts ... . ... .. 6
N. Y. Cenu:al-Ext, .. ... :;
1887 .................... . 6
N. Y, C.& H.-lst,cp .. 7'
lst,1·ell••······· · ...... ,Debentm·e .. .. . ..... . ~
Registe1·ed ......... ,>
Can. S o.-lst, iruar .... ;"i
~d mo1·t. ....... . ... . :;
Hal"lem-lst, coup .... 7
1st, 1·ea . .. .. .. ....... .7
N. Y ,Cltic.&St.L.- lst .6
1st trust receipts ... . 6
2d, 1923 .... ......... .. . . 6
N. Y.City & No.- Gen'l.6
Trust Co. 1·eceipts .... 6
N. Y. Elevated-lst ..... 7'
N.Y.& N.Enll,-lst ..... 7
1st, 1905 ..... .... .. . .. 6
N. Y.N.H.&H.-lst,rll,4
N.Y.On.&W.-lst, fl .. 6
N. Y, Susq,&W.-lst ... 6
Debenture, 1897 ...... 6
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..
110 -110 112 -ll4J.i? 114 -114 . . .. - .. . ...
111½- 112½ 118¾-116 113 -115¼ 112:½i-114 118
101 -101% 101¾-103 103 -104½ 103 -103!1( 104
62 - 65½ 64 - 65~4 60¼- 64
55 - 55
53
88 - 41½ 39 - 40
37 - 88 .... - .... 82
83 - 35
34 - 34 . ... - .... ....
. .....•
30 - 31 . . .. - . . ... .. . - . .. ..... - ... .....
~~~.½=1~: ..
- ........ - .. .
-114 112 -114
-104½ 105 -106
- 57
56 - 60½
- 82
34 - 86½
- . ....... - . .. .
- ... . .... - ... .
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Federal Reserve Bank of St. Louis
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112 -115 ... . - . . . .
- ...•
114%-114% 114 -115 109½-112
105½-105½ 105½- 105½ .... - ...•
58 - 63
63½- 74¾ 61 - 69
S2 - 36
37 - 44½ 32 - 41
31 - S1
30 - 35
30 - 30
26 - 26
25 - 30 .. .. - ...•
. .. . - . .. . . .. - . . ...... - . ...
73¾- 74½ 70 - 70¾ . ... - .•.
104¾-107¾ 107 -109 108½-111
... . - ........ - ........ - .•.•
120 -120 . ... - ,. .. 120 -121½
126 -126¾ .... - ....... . - ... .
79}(- 84
83¾- go
83½- 90½
85 - 88
84¼- 85½ 82~,- 86
123 - 124 124¾-127 127 -128½
120 - 130¼ 130}-s-181 .... - ....
... . - ........ - . ... .... - ...... .. - . . . . .... - ... ..... - . ... . . . - ..... . . . - ... . .... - ....... . - . . .. 110 -111¾ 111¼-lll~
.... - .... 91 - 97!,4 07¼-101¾ .... - ... 91 - 95½ 98 - 98
95 - 96
99 - 99¾ 99 - 99¾ 99 - 99¾ ...• - .... 98 - 98
51 - 62½ 60½- 64½ tiO - 61'½ 60 - 62
59 - 61¼ 61¼- 64¾ 63 - 76¾ 73 - 80
73 - '413¾ 77½- 78½ 80 - 81
84½- 85¾
.... - . .... ... - ... . .... - . ..... .. - .. .. .... - ...... . . - ........ - . . .. 73¾- 76
7-l - 71
70 - 81
79¾- 85
78 - 85¾
10:;¾-106 106¾-107¾ t'b7¾- I08 108¾-108:\a 107½-108 100 - 106½ 106 -107 100¼-106¾ 105 - 105½ 105 -106¼ 104 - 107 10~-100½
104 -104½ 105 -105¼ 105 -105½ 105½-105½ 105!):(-105¾ 103)4-106 .... - ... . .•.. - ... 102%-1027/4 102%-103½ 103½- lOi lOl -104¼
134 -136½ 136 -137 186 - 137 187 -138 188 -130 189½-140½ 135¾-186 136½·137 134 -136 184 -186 186½-l:38 137½-188!,.(
134¾-136 186 -136 186 -137 187½-137½ .... - .... 135 - 135½ 135¾-137 137 -137 .... - .... 133½-133½ .. . .
. ... 137 -137
109¼-110 109¼- 111½ 108 - 109¾ 109¼-109½ 109 -110¼ 109 -110 109\1(-112¾ 110½-112 107¾-108 100 - 109½ 108%-109¼ 108¼-109
.••• - ••• . •• •• - ........ - •••.•.•. - •••... •• - . .. ••• - •... lOli,½-1 10¼ •. - .. . 107½-108 107¾-109 108¼-108¾ . ..• - ..
103)4-105½ 105,½-108 105:½i-108 105¾-107 100 -107¼ 107¼-108¾ 100 - 107½ 104 -107¼'. 104!}.(-106¼ 105¾-107 106¾-1071,4106 -108
84 - 87¾ 86¾- 93½ 84 - 91¼ 85 - 88½ 84¾- 88½ 88 - 93
91½- 94½ 91¼- g5
90 - 94½ 93
94¾ 93¾- g5
91 - 95
137½-139 136,½'..187½ 136 -137% 137 -137 133½-135 184¾-135 134½-135¼ 133½-185 133½-134¾ 133 - 136 132 -132 131 - 131
137 -130 135½-137 1136 - 137 136½-186½ 134 -134½ 135 -135¼ 135 - 135¾ 182¼"-135 133 -134¾ 132 -134½ 131½- 132 132 -1827-i
g4¼- 99
li6 - 977/4 92 - g7¼ g2 - 93½ 85¾- 93¾ 93 - 98
97½- 97½ 94 - 98½ 95 - 95
g5¾- 97
00 - 97 . . .. - ....
94 - ~9
953,i- 98
92}-si- gs
87¾- 95
84 - g4
93 - 99
00 - go¼ 94 - g8¾ 94¼- 97½ g4½- 97¾ 06 - 98½ g5½- l00¼
.... - .. . . .... - . ... . . . . - . . . . 70 - 70 •... - •• ..... • - . . . . ..• - . ... ... . - .... .... - .... . ... - . ... .... - . .. 66 .- 77
55 - 59¼ .... - .... 58½- 65½ 58 - 59¾ 50 - 59
60 - 63½ 64½- 65 .... - .... 64½- 69:½i 68 - 73~ 71 - 71½ 64½- 70
54 - 58¼ 56 - 58
59:½i- 67
58 - 61½ 55¼- 61
60 - 64½ 63 - 65
60 - 63
61 - 69% 67¾- 73½ 70 - 73½ 64¼- 70
123¼-125 123½-125 125 -126 125¼-126¼ 125 -128 126½-180 125 -127 125 - 127 125¼- 127 123¾-125½ 123 - 126 126 -126¼
125 -128 .... - .... 129 -130 127 -127~ ...• - ........ - .... 129¼-129½ . . .. - . ... 128 -128 180 -130 ..•. - ........ - ... .
.... - ····i-··· - ..... .. . - .... 117½-117½ .... - .••....• - ........ - ........ - .... .. .. - •....... - •....... - .... •··· - •···
112 - 112 112 - 112 112 -112 112 -112½ U2¼-112½ 112 -112 .... - ........ - .... . ... - .... ..•. - ........ - ........ - .. . .
... . - . . . . . - ... . 103 -104¼ 104 -100½ 105%-107¼:£ 107 -109 108 - 10~ 107~-108¾ 104¾-105½ 104½-105¼ 105¾-107¼ 105 -107½
•76½- 82 .1,78¾_ 85% •82¾- 88 *81 ·• 86¼ •79 - 84¾ *84 - 86 •so - 84 *83'7/4- 86¼ *84 - 85 *82 - 83¼1*83 - 88½ *88½- g4
•52 - 59¾ *58 - 59¾ 1 60 - 64¼ *63 - 68¾ • ~ - ~ *62½- 63 *61 - 61 *60¼- 65 • . . • - .... *60¼- 60~~ •·62 - 64
6.) - 71¼
N, Y .&Tex. Land-Sc1•ip . ... - ........ - .... 57 - 57½ .... - ... ... .. - ........ - ........
N. Y. Wood&R.- 2d inc. 26¾- 30 .... - ..•.... . - ... 19¾- 21½ 19½- 1~ ••.. - .. •• •. .
CQupo~ oir.
~~~.¾=1~~~ ~~~½=l~~~ l~~
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.... - .... .... - .... 112
114 -116 115 -115 116
.... - . . . . . . . . -. . . ......
60¼- 64½ 60½ - 63½ 60
...• - ...... .. - ..... .. .
. ... - ... ... .. - .. .. . ...
...• - .... .... - ... . . . ..
.... - ....... . - .... .. . . - .... 72½- 74½ 73¼- 74
73
lll!Ji(-112¾ lll½-111½ 114 - 114 lll¼ -115 115 -116 116
118 -120
.• - .... 127 - 127 127 - 127 .... - . .. 127
86 - 88
81 - 83
'15 - 82~ 79 - 83¼ 80
83½ 82
129 -121} 127 -127 128 -129 128 - 130¼ 129 - 130¼ 129
-112
- 116
- ... .
- 61½
- •...
- .• . .
- .. . .
- 74
- 116
-127
- 85¾
-180
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,'RAILROAD .RONDS.
1SS6-<Jontinued.
JANUARY FEBR'RY.
BONDS.
MARCH.
APltIL.
MAY.
JUNE.
JULY
AUGUST. SEPT'BER. OCTOBER. N0V' BER.
DEC'BER
1----1---·- - - - - - - - - -·---~1-- - - - 1 - - - - ·- - - - - - - - · - - - - - - - -
Low.High Lo~.High Low.High Low.High Low.High_ Low.B:igh Low. Hig~ Low. Hi~ Low. High Low. High Low. High Low. High
N01·t.& West.-Gen. M.ti 104 -104 105 -107½ 107½-108 108 -109 104 -105 108 -108
... - ... . 112½-115½ 113½-115 112¼-114½ 112 -112 112½-112¼
New Rive1·-lst ....... 6 99¼-106¾ 107 -107 .. ..
. . . 108 -108 108 -!08 110 -111 111 -115 115 -115 lll¾-112¾ . ... - .... 113 -114½ 115 -118
Imp. & ext., 1934 .... 6 .... - . . . . 90 - 90 .... - . .. . .. - .. .. 87¼- 93½ 96 - 98
98¾-101
99 -101 .... - .. .. 98 - 98
98 - 98 100 -102
Adj. mort., 1924 ..... 7' 82;~- 82½ ... - .... 85 - 86½ 88 - 88½ 81:l½- 92½ 92½- 98¾ 100 -100 103 -104¾ .... - ... ..... - ........ - ... 107 -107
Og. & L. C,-lst,con ... 6 99 - 99½ 100 -101 .... - .... 96 - 9i
96 - 96¼ 96½- 96½ . ...
.. .. 104½-104½ .... - ........ - ........ - ........ - ....
Ohio & Miss. Con.s. t .. 7 120½-120½ 121½-125 123½-123½ 122 -123 121 -122 121%-122½ 119 -120 119 -120 118¼-118¼ 118 -120 122 -123 121½-123
Consol.. ... : ............. 7' 120 -120½ 121 -125 123½-123½ 122 -122 122 -123 121 - 123 119¾-120 119¾-120 118 -118½ 118¼-118¼ 120 -122 121 -122¾
2<1, consol. ............ . 7 113½-113½ 121 -121 .... - .... 117¾-117¾ l 15½-116 116%-118½ 117½-119 118 -118 118 -118 114 -117½ 117¼-120 118 -118
1st, Springf. Div ...... 7 92½- 92½ 91 - 91
96 - ll6
04 - 97
03¼- 93¾ . ... - ....... - .. .. ... - ....... - .... 95½- 98 110 -110¼ 108¼-108¼;
General, 1932 .... .. .. :; .... - . .. . 87½- 89¾ 89½- 94¾ .... - . . .. 91 - 92
90¼- 91¼ 90 - 90 .... - .. . . 90 - ilO
90 - 90
91¼- 94
90 - 90
Ohio Southe1·n-lst .. .. . 6 97¾-100
99 -104½ 102½- 105¼ 104 -105 105 -107 103½-105!,s 100¼-103½ 102½- 103!,s 101½-103 102½-105 105 -108 !02 -105
2d, income ...... ...... .. fi 34 - 4:!.
38 - 40½ 34 - 40
35 - 41
34 - 34
36½- 38
34½- 86
34¾- 39
37 - 39% 38 - 46½ 44 - 49½ 89 - 46!,s
Or. R'y, & Nav.-lst ... 6 111 -112½ 112½-113 112¼-113 111 -113¾ 112½-113¾ l13½-114¼ 110¾-lll½ 110½-1 11¾ 110½-111½ no -111 110 -111½ 110 -111
Debentures, 188'7 .... 7' .... - ........ - ... . 101:l¼- 106!,4 .... - ....... - ........ - ........ -· ........ - ........ - ....... - . . ..... - ........ - ... .
Consol., 1921> .... ..... 5 102 -103% 103%-108 107%-108½ 107 -107¾ 106½-107¾ 105 -106½ 106 -107% 105 -106½ 105' -106¾ 105 -106¾ 106~-107¼ 104 -105¾
Oreg. Imp. Co.-lst .... 6 90½- 95
94 - 95¼ 9-!½- Oil
90 - 93½ 88 - 91
84 - 93¼ 90 - 92½ 90¼- 91½ 90½- 94¾ 93711- 95
95 - 98½ 91 - 95
01·egon Trans.-lst . ... 6 ·94 - 97
95½- ll8½ 115 -100
97½-100
92½- 99¼ G7%-103 101¾-103¼ 99¾-102½ 101 -102¾ 101¾-104¾ 100¾-102
98 -101¼
Pacific RailroadsCent. Pac., gold ....... 6 112½-114¼ 1!4 - 116 115 -116 114%-116¼ 115¾-117!,s 117¾-118¾ 113%-115½ ll4!,s-115¼ ll4¼-115¾ 115 -116¾ 115¾-116½ 115¾-117
San Joaquin Br ..... fi 107¾-112 112 -112 112 -112 .... - ... 110!,s-110¾ 111%-111¾ 112 -112 .... - ... ..... - .. .. 112 -112 112 - 112 .... - ... .
1 Cal. & 01•egon ... .. .. ti 100 -100½ 104 -104 103 -104½ 103¾-103¼ 104 -104 .... - .. .. 101½-101¾ . ... . . 106 -106 103 -103 103 -103 .... - .. ..
Land g1•ants .......... 6 104%-105¾ 105½-106¾ 106¼-107¼ 103 -103¾ 103 -103¼ 104½-104~.i 104½-105½ 104½-105 105 -105¾ l02½-103_¼ 1021!,(-103¼ 102½-103¼
Western Pac ......... 6 109 -110 111 112~-113 .... - .... 112¾-115 ll5 -116 114 -114
.. . - .. .. .. . - .... 113 -113 114 -114 .... - .. ..
North., Cal., guar. 6 .... - ........ - ... . ..
.. ...... - ........ - .... 116¾-116!,4 119½-119½ 122¾-123 122¾-122¾ 122 -122½ ... . - .... .. - ... .
No.Pac,-Gen.lst, l.g 6 lll½-113 112¾-115 113¾-115 114%-116½5 115½-118¾ 117¾-120 115¾-117 114½-117¼ 115 -116½ 115½-116½ 116¾-117¼ 117%-119
Gen.1st, I. g., 1·ea- .. 6 111¼-112>11114¾-115 .... - .... 115 -115½ 116 -117 117¼-117¾ ... - ....... - ... . 115¾-115¾ 116 -116
... - ..... : - ....
Gen., l. ir,,2d,1933 .. 6 91½- 93½ 92¾- 97
95¼- 98¼ 93¾- 95¼ 92¾ - 99
98½-101 100¾-101¾ 09½-101¼ J00½-103% 100!,s- 102½ 102%-103¼ 102½-104
No. Pac.Ter .Co.-l st6 ... - .... 106½-109¼ 102½-108% 104¾-106!,s 105 -108½ 108 -109¾ 106%-106½ 103½-106 104½-105½ 103%-105½ 104 -108 105¾-108
JamesRiv.Val.,l st6
.. - ... . ... - .... .... - ........ - .... 107½-109 lOu½-107½ .. .. - ... . 107½-108 107½-108 .... - ........ - .. ..
So. Pac. Cal-1st ..... 6105¾-107½ 107 -110½ 109½-110% 106%-107¾ 1G7 -108½ 108¼-109 109½-112¼ 111½-112 111 -114 110¼-110¾ 110¾-110¾ 110½-111¼
So.Pac. A1•izona- lst ti 100~-101¼ 102 -104 104 -105 104%-105¼ 104½-105¼ 105 -106¼ 102¼-104 14 104%-106
. . . - ....... - .. .. .. ..
.. .. 112 -112
So. Pac. N.Mex.-lst 6 100 -101 101¼-103% 103%-104¾ 104 -104¾ 103¾-104% 104¾-106 103 -103 104 -105 105¾-107¾ 107%-108 108 -108% 108 -109¾
Union Pac.-lst ....... 6 114 -115% 115½-117¼ 116%-:!.18 116½-117¾ 117 -118 118¼-119½ 115½-116½ 115¼-116½ 114 -115¾ 115¼-116½ 116 -116¾ 115¾-117¼
Land arants .......... 7 .... - .... 106¾-106¼ 100¼-106¾ .... - ........ - ... 104%-104¾ 104½-104:J-,i .. - .... 105¼-105¼ .... - .... 101½-101½ 102 -102
Sinldng fund ......... 8 121 -122 121½-123¼ 118 -119% 118 -118 118 -119½ 119¾-121 120 -121 119½-120 116 -117½ 117 -119 117½-118¼ 118 - 119
Registe1•etl. ... ... ... .8 121 -121 121 -121 .... - .... . ... - ........ - ........ - ... ... .. - ... . . .. . - ... 117 -117 .... - .... 117¾-117¾ .... - ..
Collat. Trust ........ 6 .... - ........ - ........ - .... 106 -106 .... - ... .... . - . . ...... - .... 104 -104 105 - 105 107¼-108¼ 108½-108½ .... - .. ..
K. Pnc.-lst, 1S95 .6 :1.14½-114¾ 112 -113¼ .... - .... 113 -113 112¾-113~ .... - ....... - .. .. 112 -112 .... - .... 110½-110½ 112 -112½ 111 -112
1st, 1896 . .. .... .... 6 111 -112 112 -113 .... - ... . 113 - 116 114¾-115 112 -112¾ 112 -112¾ .... - .... 110 -110 lll½-114 113½-114 .... - ... .
Dem·. Div.-Ass'd 6 113 -113 114 -114¼ 113!,s-115 114 -115 113¼-114 .... - ... . 114%-115½ 115 -115¼ 116 -116½ 117!,s-118 114½-115 114½-115½
1st, consoL. ... .... 6 99;11-101 101 -104 102 -107 103!1:(-105¾ 99%-103 103 -107¾ 107½-109 105%-108 105½-108½ 108 -109¾ 106 -107½ 106½(-107)4
At.Col.& Pac,-lst.6 101½-104 102½-105 104½-105½ 104%-105½ 103½-105 104!,s-105 105½-106¼ 105¼-106 105½-105½ 106 -106 106 -106 106 -107
At,J. C.& \V,-lst.6 100 -100 .... - ... ..... - ... . 105 -105 l02 -103 .... - ..... .. ..... . - ........ - .... 105 -103 .. .. - ........ - .. ..
Oreg,Sl1.Linc-lst .. 6 98¾-101½ 977/4-101½ 98 -105 101 -102
119 -102¾ 102¾-107½ 107¾-109 102¾-105½ 104 -105½ 104½-106½ 106!,s-107 106 -107
·, Utah South.-Gcn .. 7 .... - ........ - .. .. 90¼- 90¼ .... - .... 90 - 90
90 - 90
85 - 87 .... - ... ....
.. .. 90 - 90 ..• . - ........ ' - ... .
Ext'n, 1st, 1909 ... 7' .... - ........ - ........ - .... 85 - 85 .... - . .. . 80 - 80½ 72½- 75 .... - .... 80 - 87½ 82 - 84
63 - 85
83 - 88
Mo.Pac.-lst cons .... 6108 -109½ 109½-112½ 110 -113 111 -112¼ 109 -111½ 111 -112½ 111 -113¼ 112%-115 113 -116¼ 115 -117 112½-115¼ 114 -115½
3d, 1906 ............ 7 116%-117¾ 118¼-123 122 -125 122 -123 120 -::.22 124 -125 124¾-125 125 -127½ 125 -125½ 125¾-126 118 -122½ 120½-121
Pac. of Mo.-lst ..... ti 106¾-107 104 -105 104%-105.¼ 104%-105¾ 105!,s-106¼ 101} -106¼ 106}4-106¾ 103¼-104 103½-104 103½-104 103¾-104% 104 -104¾
2d, 1891 ........ . ... 7' 110½-111¾ 112 -113H 113 -113 111 -111 112 -113½ .... - .... 110 -110 110 -110 110 -110 109 -llG¾ 110½-lll 110 -111¾
St.L,&S.F.-2d,cl.A6108 -108 112 -112 112½-112½112 -112 110 -114 114¾-117 117 -118 .... - ........ - ........ - .... 114 -114 114½-114½
Class "C" .. .. .... .... (i 105¼-108¼ 110 -112 110 -118 109½-113 109 -114 114 -117 116¼-116!,s .... - .... 116 -116 114½-116 112¾-114½ 113 -114½
Class "B" ... ...... . .. (i 105¾-108 110 -112½ lll½-113 110½-113½ 109 -114½ 114 -117 116 -118 116 -118 116½-li7¼ 114½-115¾ 113 -114½ 118 -114
P.C.&O.-lst . .. . .. 6 .... - .... 111½-112 .... - ........ - ........ - ....... - ........ - .. ...... - ........ - ... 117-117 ... . - ........ - . .. .
G-ene1·al mo1·t .. ...... 6 99¼-101½ 99¾-104½ 102 -105¼ 103 -103% 102½-107½ 107¼-112¼ 108½-110¾ 108 -111 109 -109¾ 109%-109% 109½-114 112½-114
So.Pnc.ofMo.-lst .... 6 103 . -103% 104¾-105 105 -105¼ 105!,s-105¾ 105½-105½ l(l6 106 103 -103½ 103 -103 103%-103¾ 103¼-103¾ 103%-104¾ 104½-104¾
Ft. Sin.& V. Bd,, lst.6 .... - ........ - ........ - ....... - ........ - ........ - ... 107 - 107 .... - ... ..... - .... ··• · - ...
- .. .. ... - ... .
Kan.C.& So.W., lst.6 ... - ........ - ........ - ........ - ....... - ....... . - . . ...... - .... ... - ........ - .... 105 -105 107!,s-107¾ .... - ... .
Texas & Pac.-lst ... 6 105%-105% .... - ........ - ........ - ........ - ........ . . - .... . . .. - . ....... - . ..... .. - ... · .. . - ........ - ... .
Consols .... .......... .6 *70 - 70
... - ... •St¼- 81¼ ....
. ....•• - ........ - .... ► 90 - 97½ 97½-103¼ •.•. - .... •·· - .. *98 - 99½ *100¾-00J,(
T1·ust receipts ....... .... - . .. .. .. - ....... - .. .. .... - ........ - ........ - . . . . . . ..
. . .. 99 -104 .... - . .. . · • • - • .. • .... - ........ - .. ..
Inc.& laud gr,, reg.7 36½- 39
39 - 42
37 - 40¼ 34¾- 39
34 - 37½ 37 - 41
37½- 49¾ 48¾- 61¼ r,1½- 58
53½- 58½ 56¼- 60¾ 56 - 60
Trust receipts .. .. . . .. . . - . .. . . . .. - . . .. . .. . - . .. . .. .. - .. .. .. . . - . . .. .. .. - .. . . .. . . - . .. . .. .. - . .. . 56 - 58
53½- 58¼ 54¾- 63% 55¼- 62¼
1st, Rio Gr. D ...... 6 .... - . . .. .. - ........ - .... . ... - . .. . .. . .
. ....... - .. ...... - .. .. 72½- 75 .... - . .. . 75 - 75
74 - ~4 •... - ....
Ex. coup .... .. ... 6 45½- 52
51 - 55¾ 50 - 5-1
49 - 53
48½- 53% 53 - 56¾ 54¾- 65
64 - 72
66¼- 68
68 - 72
69%- 75½ 71½- 71½
T1·ust receipts.......
- .. . .. .. - ........ - ........ - . ....... - ........ - ........ - . .. 66%- 69
1:16 - 69¼ 68 - 73¼ 70¾- 78
70 - 77¼
Gl'n. M.& Ter ....... 6 43 - 45
47 - 47!,s 40 - 40 .... - .... 34½- 36
36 - 40
42½- 51½ 51 · 61¾ 55½- 57
55 - 62 .... - ........ - .. . .
Trust receipts ....... .... - .. . .... - ....... - ........ - ........ - . .. . . .. - .. .. 49 - 51
52 - 52
58 - 59
58 - 6!
e5 - 71
67¼- 69~
Pa,RR.-Pa.Co.-Cp.4½ 102½-105)4103½-105½ 106¼-10':'¼ 106!,i;-106¾ 106 -106% 106%-108 106 -108 106½-108½ 105½-106½ 105½-108 106½-107¾ 105 -lOi¼
Ucgistere<l ........ .4½ 101½-105 104!1(-105¼ 106 -107¼ 106½-106½ ..... - .. 106¾-108¼ 107¼-107¾ ... - . ... .... - .... 105¾-107 .. " - ... . 104 -106
Pitts.C.&St.L.,lst.7 .... - ........ - ...... - ........ - ........ - ........ - ........ - .... 121 -121 120¼-120¾ .... - . ....... - ........ - ... .
Pitts.Ft. w.&C.-lst. ,- 141 -142½ .... - .... 144 -144 144¼-144¾ 144½-144¾ 145 -145 .... - .... 143 -143 141 -141 143 -1-13 .... - ....... . - .. ..
2,1., 1912 ..... .. : . .. 7 138½-139 140½-140½ 140 -141 .... - ... . .... - ... . 142 -142½ .... - .... 138¼-138¾ 138 -139½ 139½-139½ 140½-141 189 -139
3,1., 1912 .... ........ 7 ·133¾-135 135 -136 ... . - ........ - ........ - ........ - .... 13a -138 ... - .... 13s -188 .. .. - ....... - ...... . . - .. ..
Clev.& P.-Cons.s.td.7 128 -128 .... - ... 129 -131 130 -181 127½-128½ .... - .... .... - .... 180 -130 129¾-130 .... - .. . ..... - ... . 126 -128
4th, 1892 ............. 6 109)4-101:1¼ 109%-109¾ 110 -110 .... - ........ - .... 111 -111 110 -110 109½-109½ 109 -109 . . .. -· .... . ... - ... . .... - .. ..
St.L.V.&T.H.-lst.7 ....
....... - .... 121½-121½. 122 - 122 .... - ........ - ........ - ........ .. 120½-121½120 -120 ... . - .... 120 -120
Peo. Dec.& Ev.-lst .... 6 103 -106¼ 106 -108 108 -:;OS¼ 111 - 111 111 -112 113½-llG 115 -115 115 -115 112 -1:i2 113 -115 114¾-114¾ 114 - 115
Income .. ................ 6 43 - 48
48 - 48
40 - 49
60 - 71
59¾- 65
65 - 68
66¾- 75
73 - 76¾ 73½- 80
75 - 79½ 79 - 82½ 80 - 82½
Evansv. Div .... . .. ... . 6 100¼-104 104 -:!.07% 104½-107½ 107½-109¾ 107 - 109 109 -111¾ 110½-111 110 - 110½ 107 -107 107 -110 110 -110 110 -110½
Evansv. Div.-lnc .... 6 44 - 48
46½- 50
50 -· 57½ 62 - 70
61 - 65
65 - 69
67 - 74½ 72 - 75!,s 72½- i9¾ 75 - 79% 79 - 82½ 77 - 82
Peoria&Pek.Un.-lst .6 .... - .... 106 -106 110 -110 .... - •... 106 -107 110 -112 112 -112 111 -111 lll¾-111¼ .... - .... 110 -110 .... - ....
Pittsb. CI. & Tol.-lst.6 106)4-107¾ 106¼-109 110¾-110¾ . ..• - ........ - .... 108 -108 110 -110 .. . . - ........ - . .. 107½-109 108!,s-109 109 -110
Pitts.Brad.&Buf,lst.6 .... - .... . . . .... - ........ - .... .... - ........ - .... .... - .... 70 - 70½
- ... . 82½- 82½ .... - ........ - .. ..
Rich. & Alt!-Tr. rec .. 7 70 - 76¾ 70½- 73½ 68 - 78½ 68½- 70
65 - 69
69½- 76½ 75 - 80 • 74 - 79
73½- 76½ 73 - 75
74 - 80
70¾- 75
Rich. & Danv.--Cons .. 6 111¾-113¼ 113½-115¾ 112¾-115½ 114 -115¾ 115¼-117½ 118 -119,½ 116½-117¾ 115 -117¼ 113½-115 114 -~15 114 -115½ 114!,s-116
Debentu1·e ... .......... . 6 86 - 88 87½- 88½ 88½- 95
ll4 -103¾ 100½-105 106 -110½ 110¾-114 109 -112 110 -110 108½-110 110 -114 109 -112
Assented......... .. ....... - ........ - ........ - ........ - ... ..... - ........ - ........ - .. ...... - ...... .. - . . . 106½-107¼ 107%-113¼ ... . - .. ..
Roch. & Pittsb.-lst ... 6 113½-114 .... - .... 114 -115 115 -115 115 -115¼ 117 -117 117 -117 .. ., - .... 114 -114½. 114 -115 .... - ........ - .. .
Consol., 1st .... ...... .. 6 110 -110¼ 110 -111 111 -112 111 -111% 110 -11::. 105 -107½ 105 - 105 107 -107½ 107¼-107½ 107 -107½ 108 - 109J!! 108 - 108
Rmne W. & Og,-lst . .. 7 .... - ........ - .... 114½-117 113½-114
- ....
. 110 -110½ 110 -110 110 -111½ 111½-118 .... - .... 108¼-108¼
Con., 1st, ex ..... . .... . ti 87¼- 91¼ 89½- 95½ 92½- 97
93 - 97½ 94 - 99½ 98 -100¾ 100¼-102
98½-102
99¾-103
98½-100
99½-103 100¾-103
Income ................... 7 43 - 49¼ 43½- 52 48 - 52 51½- 73¾ 69¾- 70
82 - 97½ 97 - 97 .... - .... 95 - 95
95 - 98½ 98 -100 102 -102
St. Jos.&G'd lsl.-lst.6 104 -109% 108½-110½ 108½-llU 109 -110¾ 105%-107 106¼-109 108 - 109 106%-108½ 107¾-108~ 108 -110½ 107 -lO'i½ 105%-107¼
2d, income .. . ........... :; 55¼:- 61½ 60 - 63¼ 58¼- 60
60 - 63½ 60 - 62
62 - 74
68 - 09¾ 63 - 68
62½- 71½ 68 - 71½ 71¼- 74½ 71 - 77
St. L. AJt.& T.H.-lst .7 117 -117 .... - .... 116 - 116 117½-117½ 118½-119½ .... - ........ - .... 116 -116 115½-116 115 -116 .... - ........ - ...
2d, pref .................. 7 .... - . .. . .. - .... 111 -113 113 -118½ 112½-113¼ 113½-113½ .... - .... 114 -114 .... - ... . 110½-110½ 111 -111 111 -111
2d, income .............. 7 103½-104 106 -106 106 -108 .... - .... 104½-106½ . ... - ........ - .... 106 -108
... - .. . . ... - ........ - .... 107 -107¼
Dividend bonds . .. ... . 6 41 - 41
50 - 50 .... - ....... 35 - 35
Sf> - 35 .... - ........ - .. .. 33 - 40
35 - 40
39¼- 42
37 - 37
Bell. & So. 111.-lst .. 8 117½-117½ .... •· ........ - ........ - .• . . .. - .... .. .
.. ...... - .. ...... - .... 116½-116½ .... - ........ - .. .. ... - ... .
Bell.&Ca1·on.-lst-6 .... - .. . .... - ........ - ........ - .... 110½-110½ .... - ........ - ........ - .. . . .... - ..... ... - . .... . . - ........ - .. ..
St. L.& Iron Mt.-lst .. 7 117¾-1181115 -115½ 114 -114 114 -115 114¼-114% 115 -115 116 -116 110 - 112 111½-111½ lll¾-112½ 113 -113¾ 113 -115
2d, 1897 ................ 7 112 -113 118 -116 117 -119 116 -116½ 113 -113½ 113%-114½ .... - .... 111 -111 116 -116¾ 116½-117¼ 112¼-114 113 -114
Ark. Branch . ........ . '7 112½-113' -113½-114 115 -115 .... - . . .. 115 -116 .. . - ... 113½-114 113½-113½ 114¾-115½ 114 - 114 115½-l 16½ 109¾-113
Cairo & Fulton-lst.. 7' 108½-109¼ 109½-110 101:i½-110¾ 109½-110½ 110 -111½ 112 -113 110 -110
. .. - .... 108½- 109 108½-109½ 109 -109 109¼-110¼
• <;;0~01104
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
·- ru!LROAD
6 tJ
.BOYD;:
1886 - Concloded .
•JANU.ARY F.EBR'RY,
BOND S.
M.ARCH.
APRIL.
MAY.
JUNE.
JULY.
AUGUST. SEPT'.BER. OCTOBE R. Nov'BER.
DE.0'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
- - -· - - - - - -
·- - -
St. Louis & I r on Mt.Cairo A r k. & T exa s. 7 lOll½- 110 111 -115 115¾- 116½ 114 -ll5 113½-115 ..
- .. 114¼-115½ 115 -115½ 118½-114 .... - .... 118~;i-114 110 -110½
Gen. cons ol. & I. g .... ~ 91 - 92¾ 92¼- 95
93%- 96¼ 90 - 9i½ 90 - 95
9-:1 - 1!5
94½- 98½ 94½- 97¼ 94 - 90
95 -100
96½- 99% 96 -100
~t.P. Minn. & ll'I.-lst .. ? 112½-115
... - .... 116 -116 .... - ........ - .. .. 114¾-115 112 -112 113½-118½ 114½-114½. 112½-113½ .... - .... . .. . - ....
2 d mortir., 1909 ...... 6 118½-120 121 -122½ 121½-122 118½-119 118½-119½ 119 -120 120 -121 120 -121½ 120 -120 118 -118½ 120 -120 116½-119½
Dakota Extensiou .... 6 119 -121 121 -122 121½;-122 121½-122 117¾-119 ll9 - 120 120 -120 121½-122 120 -120½ .... - .... 119 -119 116½-118,:£
1st, cons ol. , c o up ..... 6 115 -117 117 - 119¼ 119 -121½ 120¼-123 119 -122½ 1'22½-125 121 -122 120 -123 118 -119½ 118¼-120% 121 -128½ 120 -123¾
l s t, cons ol. , reg .. ... .. 6114¾-114¾ 118¾-118){ .... - .... .. - ........ - ........ - .... .... - .. .... - ....... - .... 119 -119 .... - ...... - .. .
S cioto Valley-lst,co n.7 47 - 5?.½ 51 - 60
69½- 72
55 - 55 .... _ ........ - .... CO - 61
65 - 65
65 - 65 ....
.. .. 68 - 08 .... - .. ..
Shenandoa b Va l.-lst.7 71½- 71½ 70 - 72
72 - 75½ 72½- 76
72½· 75
75 - 79% 70 - 81
79 - 81½ 77 - 78
82½- 85
82½- 98
93½-100
Gen. mort ....... ...... 6 .... - .. ...... ...... - .... ... . - .. .. 30 - 80 .... - ... 29 - 40
36 - 43
86¼- 38
36½- 40
39,½- 49½ 42 - 46¼
S odu s B. & S o.-lst ... ~ 101 - 101 .... - ........ - ... .. .. - .. ..
.•
. ... - ... ..... - ........ - .... 105 -1 05 .... - ........ - .. . .. . - . ...
8outh Carolina-1st ... . 6 108¾-110 110 -110½ 111 - 113 109½-109½ 108%--109¼ 108!}.(-109¾ 110%-110¾ 110¼-110¼ 110½-110½ 102 -105½ 106 - 107½ 106½-107
2d, 1931. ... ......... ... 6 .... - .... 90 - 90
85 - 85½ .... - .... 85 - 86¾ 85 - 90 .... - .. .. 83 - 83
82 - 82 .... - .... 84 - 88
81 - 82
lncomes . ...... .... .... . 6 28 - 29¾ 26 - 29
26 - 29
26 - 27¼ 25 - 26
22½- 27
27 - 28
27½- 29½ 25½- 27
25 - 29¼ 2'i½- 33
28 - 29
Tenn.Coal&I.-1901.6 .... - .. ...... - ........ - .... 100 -100 .... - ........ - ........ - .. .... - ...... .. .. 97 -97 .... - ........ - .. ..
So. Pitts., 190 2 . .... . 6 .... - ..... ... - ........ - ........ - ........ .... - .... U2 - 98
U6 - 90
96¼- 96¼ 97 - 98 .... - .... .. .. - . .. .
Tex.C.-lst,s.f.,1 9 09 .. 7 69½- 71½! 71 - 73½ 72½- 73
68 - 70
70)4- 70¼ 73 - 'i7
78½- 80
78 - 78
75 - 77
75 - 75
75 - 75
75 - 75
T.&N.O.-Sab.Div.lst. 6 100½-102 102 -107 t03 -105 104½-105 102¾-104 104 -106'{ 105½-107¼ 106 -100 103 - 105¼ 103 -103 103 -108½ ... - ....
Tol.A. A . &N . M .,lst.6 .... - ...... .. - ........ - ........ - ...... .. - ... . .... - . .. ..... - .... .... - ........ - ... .. .. - ... 03½-95
90 -94
Toi.A. A .& G .T .-lst .. 6 .... - .. .. .... - ........ - ........ - .... 101 - 103 105 •105 102½-102½ 106 - 107 105½ 100 . ... - .... 102 - 106 104 -106½
Toi.& Ohio Cent. -lst.a 92¼- 94½ 93½- 99¾ 9d - 99½ 93½- 98 97½- 90 ll 1 -100
96 - 98
95 - 97
95 - 97½ 07 - 99
09 - 101 100 -102½
Tol.P.&W.-lsttr.ct .. ? 95½- 97½ 04 - 95½ 93 - 96
92 - 93½ 91 - 93½ 95½- 99
98 -103 102½-103
98½-102 100 -106 104 -105½ 108 -105½
Virginia Midland-lnc.6 68¾- 65½ 64½- 67
65 - 73
73 - 92½ 88 _ 92½ 90¾- 94
92 - O.l
00 - 94
90 - 92
87 - 93
93 -100
95 - 00
Vall ey R y. o f O.-con .. 6 . ... - ........ - ........ - ........... . - ... _ ....... - .... 104 -105½ 105½-105½ .... - .... 105 -105 105 -105½ .... - . .. .
Wab. St. Louis & Pac.General mo1·t ........ .. 6 45 - 45 .... - .... 47½- 50 .... - ........ _ ........ - .. . . .. - .. ...... - ........ - ........ - ........ - .. .. 62 - 62
T ru st r eceipts......... 44 - 50 47½- 50¾ 497,,13- fll
58 - 56½ 51 _ 57
56½- fl3
60 - 62
60 - l~
62 - 64½ 60 - 62½ 60½- 64½ 62 - 67
Chicag o Div ............ ~ 85 - 87¾ 86 - 92½ 86 - 02 87 - 01
67 - 9L
87 - 92
87¾- 89½ 88½- 9\
88½- 90
88 - 90
89½- 95½ 90 - 97
::t::~::i!;!:!:~.::::\: =:
Cairo Div i sion ........ a
Wab'sh- Mor t .. 1909.7
Tol.&W.- l st, ext'd .?
S t. Louis D iv ......... 7
2d, extende d .... ...... ?
Equipme n t .... .. ..... ?
Cons ., conv ...... .. . 7
Gt. W est ern-lst ...... 7
2d mort., 1893 ..... 7
Quincy& Tol.-lst ... 7
S t.L.K. C.&N .-RI.E.7
Oma h a D iv .... ...... ?
o T rust 1·eceints .. ....
Clarinda Brauch ... 6
St. Chas. B r i dge .... 6
North. M o.-lst ........ ?
West S ho1·e, guar ...... 4
Reiristered . . . ... . ..... . 4
West. U n.Tel .-Coup .. ?
Reiristered . ... . ... .... 7
.... - ....
=
78 88½ ..8.7½= 87½·so= 82½ ::::=::::·so = 84 .. a·5 =ss" ·as = 84 .. :·.::
- ........ ·- .... .... - .... , ... - ........ - ........ -
90 - 90
113,¼-115½
106 -110
99½-105
5¼- 6
95 - 98
110¾-114
98½-105
89½- 00½
114 -115
108 -109½
104¼-105¼
.. .. - .. ..
07 -100
111 - 113½
104,¼-106
.... - .... 95 -li5
108¾-112 112-11:::
93½-100
97½- 99¾
.. . - ........ - .. ..
65 - 65
9.i -loo
112½-115
101)4-104
- ...
117½-119
117 -117
70 - 72
100 -100
llfl -lli½
102)4-103%
. .. - ....
120½-120½
117¾-120
... 55 - 55
=:::: :::: = :::: ·&i = 90 .. ·s-;
= 92 ..
.. .. - ........ - ..... .. . - ........ - ....
85 - 91
85 - 85
70 - 70
82 - 82
75 - 80
82 - 85
84¾- 84¾ 82 - 85
82 - 85
85 - 87½
118¼-115~ 112½-115 111 - 114 110 -112 lll¾-112½ 110 -113 110 -112½ Ill - 112 111½·115 112 -115 .
107¾-109¼ 107½-108;1,t 102 -106½ 100 - 104 104¾-106 105 - 107¼ 105 -106½ 106 -107 107 -108½ 107½-111
104 -105 103%-104¾ 97 -108¼ 97¼-100½ 98¾- 90½ 98 -101
08½- 99 100 -100 100½-103½ 100½-105
.. . - .. .. .. .. - . .. . .. .. - .. . . . .. . - .. . . .. .. - .. .. .. .. - .. .. .. .. - . .. . 4 - 5 ..
- .. ..
4 - 4
95½- 99¼ 92 - 96½ 85 - 03½ 84½- 94
91 - 92½ 90 - 94¾ 89 - 90
90 - 93
9L - 08
90%-100
112 -113¼ 111 -112¼ 100½-118 109½-112½ 111 - 112¼ 110 -113 110 -111¼ 110 - 112 lll½-118¼ 110½-113½
104¾-105 103)4-104¾ 06 -103½ 97 -101
99)4- 00¼ 98 - 101
90 - 09 1100 -101 100 -103¾ 100 -105
.... - .... 97 -07
05 - 96
05 -95 .... - ... . .. . - .. ...... - ........ - .... 94 -04 .... - .. ..
112 - 116 112½-114 110!,,a-115 118½-114 113 -114 115 - 115 .... - .... 110 -111 110 -Ill 112 -112
97 - 100
05 - 98
9~ - 04~i 96 -105 101 -103
9i½-104
97 - 08½ 96 - 97
98¾-101 .... - .. ..
.... - ........ - .... .. .. - .. ..... - ........ - ... ..... - .. .. . .. - .. .. 97 - 07½ 98¼-103 100 -102
75 - 79 .... - .. .. 73 - 73
70 - 72 ... . - . ....... - .... 75 - 76½ . ... - .. .. 70 - 72
71 - 71
102}6-102½ .... - .. .. 94¾- 1117
05 - 95 .... - .. .. .... - .. .. .. . - .... 100,¼-102 102½-103¾ .... - ... .
1.14 -118 115½-117 !16½-117 118 - 118 119 -119¼ 114½-120 114 -117 116 -117 116¾-119½ 116¾-1111¾
101½-103¾ 102¼-103¼ 102,.;-103¼ 1027,,14-105 102¾-104 100%-104¼ 101)4-102 101¾--101~ 101½-106 102¾-106
102)4- !02:k, 102%-103 102;14-108¼ 102'1k 10-1% 102¾-103¾ 101,¼-103¼ 101¼-102 101¾--101¾ 101½-105¼ 101½-106¼
121 -121 .... - .... 116 - 117 119 -119 120 -120 121 •·121½ 122¼-122)4 123 -123 123 - 123 .... - .. ..
119 - 122 120 -120 .. ..
.. .. 119 -119½ 120 - 120 121 - 121½ 125 -125 122½-122½ .... - ........ - .. ..
ISS7.
BO NDS.
JANUARY FEBR 1RY.
MARCH.
APRIL.
MAY.
'
J UNE .
JULY.
AUGUST . 8EPT'BER. OCTOBER . NOV'B r<: H.. D EC'BE:t .
- - - - - - - - - - - - - - - - , - - -•l - - - - 1- -- - - - - - -1-- - - 1 -·-----
Low.High T,ow.High Low.High Low.High L ow.High L ow.High Low .High Low . High L ow.Hi gh Low.High Low.Higl • L ow .High
- - - - -- --
I
s6 - 88½ 82¾- 84¾ 82 - 84
80¾- 83
81J4- 83
82¼- 88½ s2 - s2·7.-11
Atlantic & Pac.- lst .. .4 86¾- 90 85¾- Si½ 85½- 87½ 86½- ES 87 - s s
Wes t. Div .-lst .... .. . 6 88½- 90½ .... - .. . .. .. - .. .. ..
Income ................. 6 26 - 29¼ 25~- 28½ 2G¾- 30
20 - 34½ 88¾- 88 I 83½- 38¾ 30 - 35¼ 26 - 32½ 24¼- 30¾ 23½- 28
rn¼- 29
25¼- 26¾
Cen tr a l Div.:-Inc .... 6 .... - . ....... - ........ - .... rn½- 22½ 83 - 33 85 - 35 .... - .... 25½- 25½ .... - .... .... - ........ - .. ...... - .. .
Bait. & O.-lst, P . Br .. 6 126 -126¾ 126½-127 12~ -125 122 -123½ 123 -125% 125%- 125¾ 125½-125¾ 125 -125½ 119½-125 .... Gold, 1 92:i . coup ..... a 110½-111½. 109 -111½ 110 -112½ 101!½-110¾ 110 -112 110¾-112¼ 112½-113 109:!,,!-110¼ 105¼-109¾ 100 -106 106 -106¼ 105 -108¼
B eech Creek.-lst,g .. 4 .... - .... 84 - 87 .... - .... 81 - 8 1
- .... 78 - 78
80 - 80
Bost . H .T. &Wes .deb .a 90 - 92
91 - 06
92¾- 08½ 95 -100
99 - 99¾ 99¾- 99½ .... - .... 98½- 99
U6 - 96½ 95 - 95
Q6 - 98
98 - 98
B' kl yu F..1 .-1 st, 1924 .. 6 .. .. - .. .. .. .. - .... 105 -105 104 -106 105}.!- 106
2dmort,, 19 1 5 .... 3-5 .. .. - .. ..
.... ....
- ... 82 - 88 88 - 63
Bur.C. R . &No.-lst .. /i 106¼-107½ 107¾-109 108 -109 107½-109 108½-110 107 -H'S 108 -LIO 109 - 110 108 -108¾ 107 -l<iS . 106½-107¼ 104¾-105½
Cons . 1st &col . tr ... 5 lOl½-103½ 102 -102 100 -101½ 100½-100½ 101 -101 i100 -100¾ 99½-100
09½- 99½ .... C. Rap.J. F . &N .·-lst,6 .... - ... . 106 -106 105 -105 106 -107
1 s t mo1·t,. 1921 . ... :; .. .. - .. .. . .. - .... 100 -101 .... - .. .. 40-40
8. N. Y.& P .-1 s t,1921 .6 .... - .... 41 - 45 43 - 46 .... - .... 45 - 46!,4I 42 - 42 .... - .. .. 40 - 40
88 - 42
Ca r olina Cent.-lst .... 6 .. . - .. .. . .. - .... 107 -107½ .... Central Iowa-1st ...... , *89 - 00½ *86 - 90
90 - 90½ "91 - 92 *91 - 941*89 - 00¼ "87¾- 90¼ •so - 85 •s: - 81 *80½- 82 •82 - 82
Eas t er n D i v .-1st ... . 6 ... - ... . 67½- 71½ 72 - 78 71½- 72 ... - .... .. ..
- ........ - . ......
Cent. RR. & B ., Ga .. a .. .. - ....... - .. ...... - .... ... - ........ - ........ - .... .. .. - ........ - .... 100 -100¾ 98 - 101
00- 100
90 - 99½
Ce nt.ot N.J .-lst,1890.7 108,¼-110 105½-107¼ 106½-108½ 107 -107 107 -1081108 -1087-! ... - . .. 104½-104¾ 105 - 105¼ 105¾-105½ 106 -108 108¾-107¼
. Consol., assented ..... 7 107½-1 10½ 109¾-112 lll½-118½ 112½-116 115,:£-117 115¾-119 115 -117 112½-115;.( 113 - 114¼ 113 -117 112½-115½ 111 -113
· Conv., a ssented ....... 7 109 -110 110 -111¾ Ill -113¾ 112½-116½ 115¾-117 115¼-118¾ 115 -117 114 -115½ 118½-114 114¼-115 113 -114 L12 -11-1
Adjustment .. ........... 7 105¼-107½ 105.):1-107 105½-106 105¾-107½ L07 -107½ 107 - 108 107½-!08 108½-108½ .... - .. .. . ..
.. .... ..
Conv. debenture ...... ~ 83%- 86½ 85¼- 80
87 - 89
87½-100
09¾-108½ 1101 -105 102 -102 100 -100½ 98 - 98 103 -103 109 -li6
In ter i m b o n d ce1·t .... :, . ... - .... 99½-100 97½- U9¾ 97¾- 99¾ 95 - 99 f16¾- 98½ 97¼-100 .... Gen. M . , 1981 ........ :; .... - . ... 99 - 99½ 97¾-101
Leh.& W . B .-Assent 7 110 -110½ 118 - 116 118 -114 112 -114 114 -115 112½.-115 114½-116 112 -115 100 -Ill 109 -111 110 -Ill¾ 109½-114
Income ................. '7 .. .. 95 - 95
95 - 95 100 -100 .... - .... US - 98 .... - .... 100 -100
- .. ..... Am. Dock & Imp ...... :, 99 -102 100½-103 102½-1G3,½ 102½-108½ 104 -106½ Ultt -106½ .... - ... . 102 --102 104¼-105 100 -104¾ 101¼-103 t08½-104
Ches. &O.-Pur .M .fd .. 6 .... - .. .. 113 -118 112 -114 113 -113 .... 115 -115 .... - .... 110 -110
- ... . 107¼-111
Series A .. .. ......... . .. 6 107½-107½ 107½-108 109 -109½ 106¼-106¾ 106¾-107 .... - .... 104½-104½ 103¾- 106¾ 100 - 100½ 90 - 96
96 -100
Serle s B ...... ... . ... .. 6 •76¼- 81 'i7¼- 78½ '7C - 78 •;5 - 77¼ •71 - 78 •72 - 76 *73 - 75 *74 - 76 *66• - 75 *66 - 69¼ *66 - 68½ *66½- 68
Exte n. c oup. , 198 6 .. 4 78½- 75)4 78½- 78½ 73 - 74
72 - 73
68 - 78½ 68 - 72
68 - 70
08 - 71¼ 64 - 71
62 - 66½ 64½- 68
64½- 70
Currency ............... 6 29¼- 82 27 - 29
27 - 28½ 27 - 277,1i 24½- 27
24½- 25½ 22¾- 24½ 20 - 22
15½- 21
15 - 17½ 14 - 16
16 - 25,:£
Mort., 1911 ............ 6 97¾- 98¾ 98 -100
97 - 99¾ 96½- 08½ 06½- 07¼ 96½- 06½ .... - .... 94 - 95
93½- 95
90¾- 91¼ 89 - 89½ 88 - 91
Ches. O. & S . W ..... ~ - 6 103½-105¼ 101- 102 IOS½-106½ 105½-106½ 106¾- i07 107¾-108½ 107),(-108 .... - .... 101 -101 104 -104 101 -105 .... - ... .
Chic. & Alton-1 st . .... 7 ,115 -115½ 115 -116 116 -118½ 117 -117 116½- 116¾ .... - ....... - ........ - ........ - .... ,118¾-114½ 114½-114½ .... - ... .
S lnklnir fund .......... 6 124 -124 125 -125¼1 125½-125½ 127¼-127¼1123 -123 .... - ... /123 -123 128½-123½1.... · .. .. 123½-125 .... - .. .. [123½-12¾,"
L .&Mo.R. lst, .1 900 7 124 =124 1~0¼=128 .... = . .. 121¾=122 122½=122½ 122½-122½,122 =122½ .. ..
117½=117½ 118¾=119 119 =119
...
2d, 190,0 ........ ~ ..... 7 . ...
.. .. ho 120 ....
.... ....
.. .. 116 116x LI6 -117 116 116 ....
. ... 117 111 117½ 117½ ....
.. .. 119 119
S t. L .J. Uh. ,lst,. 94. ? 117 -118 118 -118 120 -120Xi 116½-116½ . ... - ... . . - .... ) ..• - ....... - .. .. .... - .... 112 -113½ 113½-113½1114¼-115¼
~st mort., g u a 1· ..... 7 .... - ·
- ........ - ........ - ....
117¼-117¼ .... - ........ - ....
113~-118M 118¼-113½ .... - .. ..
lU1ss. R i v . Bd . lst,s.f. 6 110 -110 .... - ........ - ........ - .... 107 -107 . ... - .... ....
.... ....
. ...... . .... - ........ - .. ..
1
* Coup,.n off.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
= ....
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= ....
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·1
RAif ROAJJ
BONDS.
1881-C:ontinued.
JANU.A.RY FEBR'RY.
BONDS.
MARCH.
- - - - ,- - - - - - - - -
I
APR IL.
I
MAY.
JUNE.
r
JULY.
AuousT .
sEPT'BER. ocToBER. Nov'BER. DEc 'BER.
- - -.----1----1--·- - - - - - - - - -
--- ---
- - - - - - - - - - Low.High Low.High Low.~igh Low.High /Low.High Low.High Low.High Low. High Low.High Low.Hi lo\'b Low.High Low.High
Chic. Bur.& Nor.-lst.:i 104¼-105½ 105¼-106¾ 106¾-107½ 104½-105¾ 105 -106 106 -106¾ 105¼-105¼ 105 -106 103 -103 101 -102½ 102 - 103 101½-102.½
Chic.B.& Q.-Consol.. .7 \132½-134½ 130½-132½ 130½-182 130%-188 1182¾-185 134 -134¾ 130¾-131 129½-180¼ 130 - 131 180 -131 131 -131½ 182 -133xi
Debenture ........ ..... ~ 106 -10tl% 106%-108 106¾-107¾ 107½-108½ 106½-108 107 -108 106 -108¼ 104½-106 103 -105½ 104¼-105¾ 102¾-104½ 103½-104¾
Iowa Div . . . .. . ...... .4 , 99 - 99¾ 9.:<½- 997/4 99 - 99¾ 97¾- 98½ 98¾- 98% 96½- 99 99 - 99
97½- 98¾ . . . . - . . .. 95½- 95½ 96 - 97
95¼- 96
Denver Div., 1922 .. . 4 98¾- 99
98 - 98
97¾- 98¾ 97¼- 98
97¾- 98
g7 - 98
98 - 98¾ .... •
- . • . 92 - 94¾ 92¾- 94
98¼- 94
Nebr'skaExt.,1927 .4 . .. - . . .. . . . - .... . .. . - . .. ..... - ........ - .... .. .. - .... .. ..
- . . . . 95 - 95
97 - 97
94 - 94½
Chic. & E. 111.-lst, s.t.ti 114½-116 115¾-116 116¾-117 117¼-117½ 117¼-118 114½ -115
- •••• 114 -116 116½- 17¾ 114¾-115
tstconsol., i.told . .... .. 6 114 -116 114¼-116 116 -118 115 -115½ 115 - 117 116¼-117 116 - 117 113 -115½ 114 -115 11~ -114 11~ 11
11 2½-113½
Chic.&In.C'lRy- lst.~ 98½-100 100 - 101½ 100 - 101 100!',(- 103 10l½-10:3 102)4-103½ 100 - 100¼ .•.. - •... 94 - 99,li 94 - 96
9f>
91J½ 117 -100
Chic. Milw. & St. P.- I
1st P. D., t.898 .. ... . 8188½-184½ 131 - 181½ . . . . - ..•. 1st -181½ lS0½-130¾ 131 - 131 130 -181 126 -126
- .. . . 126 -126 126 - 127 12-1 -128
2d, 1898 . ...... . . 7 3-10 127 -127 . . .. - •••. 123%-123% 124¼-124½ 121 -124½
120 -121
- . . . . 119 - 119 119 - 121
1st, gold ..... . ... .. . .... .7 ,132 -182 181 -181½ 128¾-180 129½-130 180 - 180½ 131 -131 127 - 127½ 127 -130 128 -128 125 - 125 127¼-127¾ 130 -130
t.st La Crosse Div . . .. 7,117½-118½ ll'i!J,(- 118¼ 118 -120 120½-120½ 120¼-125 123 -124 115½-117½ 117 -117 115 -116 114¼-116½ 116½-117 117 -117½
1st I. & M. Div . . . ..... 7120½ -122½ 121½-121¾ 121¾-122.½ .... - . .•. 122 -122 ll8.½-119½ .. . . - . . . . 117 -117 117¼-118½ H8½-119
1st C. & M. Div . . .... . 7 130 - 130 129 - 129 129¾-131 180 - 181
- ... . 126 -126¾ 127½-127½ 123 -125½ 124½-124½ 126 - 126 125xi-121l
Consol,, 190~ ... . .... . 7 >28 - 180 128½-129½ 128½-180 129 -130 129 -180½ 130¾-180% 127½-130 126½-126½ 125½ -127¼ 125 -126 124 - 126 125¼-127
1st I. & D. Exten ... .. 7 130½·130¾ 129¼-130 129 -131
- •. . 130½-laOJ.! .. . - . . ...... - •... 120½-125 125 -125 ... . - . ...... . - ... .
1st So, West Div .. ... . 6 115½-117
- ... . 117¼-117¾ 117½ -117¾ . . .. - •... 117 -117 ll4 - 114 115¼: 115¼ 115 ·11 5 •... - . . . . lll½-111½ ... . - .. . .
t.st La C. & Dav ..... . :i 105½-105¼ . . .. - .... 105½-105).\ . . 1st So. Minn. Div . .. . . 6 115¼ -116½ 115 -118 116¾-118 117¾· 118 117 -118 119 - 119½ 115 - 117 118½-117 113 -114½ 111¼-113 112½-115 112¾-114
1st H. & D. Div . . . . . . . '7 124 -127 124 - 126 125 -125½ 125%-126% 126½ -128¼ 127½-128 125 - 125 121 -121 120 -120 120 · 123 122¾-122½ 122 ·122
98½-100
98 - W
- .. . . 102 -102
1st H. & D. Div .. . . . . 5 . ... - .. ... .. . ·
- .... 106%-106¾ .... - . ... 120 -120 118 -118 I . • • • - • •.• 119¼-120 . . . . Chic. & Pac. Div .. ... . 6 119 - 120½ ... . - .. . 121 - 121 122½-122½ ... . Chic. & Pac. W ,Div .. ~ 106¼ -109 106½-107¾ 107 - 108 108 -108½ 108 -108¾ 108 - 108½ 103 - 105¾ 108¾-104½ 102¾-104¼ 102½-103 103¼- 10¼ 102 -104~
1
Chic, & Mo. R. Div . . ~ .... - ...... . - .. .. .... - ...... . . - . . . . 106½-106½ . ... - . . ... . .. - . .. ... . . - · · ··1··· 98 - 99
97½- 98
- .. . ... .. - . ... 101 -102)4 102½-102½ ... . - .... 100½-102¾
Mineral Point .. .. .. . . .5 105½-106¼ 106¾-106}4 .. .. - .... 103¾·105½ 105½-105½ ... . •· · . . . . . .. . .. .
. . .. 1 . . .. .. . . . . .. . . . . 1 .. .. . . . .
Chic. & L. Sup. Div.~ . ... - . . .. . .. . - ... . 104½-104¾ 105 - 105
Wis.& Min. Div .. .... ~ 105¾-106% 105'4-106% 105½-106¼ 105)4-106 106 -108 _lOtS -106% 103 -104¾ . . - .... 102 - 102¼ 100 -103 101 - 101¾ 101)4- 102
Terminal.. .. .. . .. . . .. .:i 102%-103¾ 103¼-108¾ 102¾-103½ 103 - 105 104½-105¾ 105 -105¼ 101½-108),,t 102¾-103 102½- 102¾'101 -102 101 -102 101 -102
- •.. . 115 - 115 ... . Fargo & So.-A ssu ... 6 116 -116 .... - ... . 97 - 1)7
Inc. conv., S. F . . . . ... :i .. . . Dakota & Gt. So . . .. :; ... . - . .. . 100 -100 . . . . Chic. & Northwest.Consol .. 1915 .. .. . .... 7 140 -142 139 -141 139 -140½ 138%-140¾ 138½-139½ 139 -140 140 - 140½ 139 -139 138 - 139 137¼-138½ 136 - 189 138¾-189¾
Gold, coup . . .. . ... .... . . 1182 . - 183 180 - 182 lSQ¾-132 131 -132¼ 182 -132½ 128 - 129 129¾-130 128¼-130 127 - 129 127½-129 128 - 129 124 ~ -128½
Gold, reg . .. . ........ . ... 7 .. . . - .... 130 - 130¼ ... . - .... 131¾ -131½ 131½-132 128 -128¼ 129½-130 129½-129½ 1~7½-127½ 127¾ -127¾ 124¾-129 124¾-128 1
Sinking fund, coup .. . . 6 120 -120
- . . .. . ... - . ... 117 -117 117¼-118 .. . . - .. .. 118 -118 . . .. - . . . . . . . - . .. . . . .. - . . .. 120 - 120
Registered . . . ....... . 6 117½-118 ... . - ... . 119 -119 . ... - . . . . ... - ... . .... - • ... 120½ -120½ .... - . ... . ... - . . . . .. . . inking fund, coup ... 5 108 -109½ 108½-109½ 109½- llU½ 108½-109¼ 108½- 108'4' 109 -110 109 -109¾ 109 -110 110 -110 105;¼-107½ 106½-107 107 -108
Registe1.·ed ....... .. . . ;') . . . - .... . ... - . ... . ... - . . .. . .. . - . ..... . . - . .... . .. - .... 108¾-108¾ . ... - . . . 106 -l(J7 107 -107
Debenture . . .. ... . ... . .. fi 108½-110 109 -110 109 - 110¼ 110 -110 108½-109 109½·110 108½-110 108 -109¼ 108 - 108½ 107 -107 106 -107 107 -108¾
Registe1·ed . . . . . .... ~ 108¾-108¾ ... . - .. . ..... - . . . . .. . - ... .- ... . - . . .... .. - . . . . . . . - . . .. . . . - ... . 106½-lOfl½
25 yrs, deben., 1909.~ 107¾-108½ 1Cl7½-108 107½-107¾ 1077,1i-109¾ 106)..(-107¾ 106¾- 106¾ 103 - 105½ 105 -105 108 -105 103 -105 102½-103¾ 108 -104
Exten. bonds, 19'l6 .. 4 . ... 95 - 98¾ 95 - 96
95½- 96¾ 96¾- 97¼ 96 - 97
96 - 97
94 - 96¾ 94 - 94½ 92 - 94½ 92¾- 94
98 - 95
Des M.& M,- lst .... 7 ... .
- . ... 125 -125
Escan.&L.Snp.-lst .6 ... - ... . ll5½-115½ . ... - . . . . 126 - 126 .. . . Iowa.Midland-1st . .. 8 .... - . . .. 186 -186 ... . - .• .. 134 -184 . . .. Peninsular 1st conv.7 ... . - .... 135 - 135
Chic,& Mil.-lst .. . ... 1 122 -122
- .... 122 - 124
- . ... 121 - 121 123 -123 121 - 121 119¼-122 121½-121½ . . . . ;Winona.& St. P.-2d.7 . . . . - . . .. 130½-181 131¾- 131¾ . ... - . .. 128 - 128 . .. . - . .. . 180 -130
Mil. & Mad,- lst .. .. . 7 . . . - .... ll6 - 116
Ottum, C, F. & St. P .5 110 - ill 111 -111 108 -108 108½-108¼ 108 - 108 10ft - 101:1 108 - 108 . . . . - ••• . 105 - 106 106 - 106½ 107 -107 ...• No1.·thern Ills.- lst .. ~ .. .. - .... 10{1½-109½ .... Chic.R.I.&Pac.- Cp ... 6 130 -135 131)4-132-¼f 132 -133 133½-184% 183¼ -135 183¾- 183¾ 130¾·131¾ 131½-182 128¾· 132 131 -181½ 130 - 181¼ 182½-184¼
Registe1.•ed . .. . .. . . .. . . .. 6 130 -133 130 - 131 132 - 182 133!',(-133¾ ... . - . .... .. . - ·... 131 -131 131 -131 130 -131 130¾·180% 130 -138 182¼-132½
Exten. & Col. .. . .. . . .. :i 109½-110¼ lOU - 110½ 108¾-110 108¼-109 108½-109¾ 109 - 110!-l! 107 -108¾ 107 - 108½ 107 - 109 107 - 108¾ 108 -108½ 108½-109½
Keok'k&DesM,- lst,~ 1097/4-110 110 -110 111 - 111 107½-107½ 107¾-110 108¾-110 110 - 111 .... - ... . 111 - 111
- . . . 109 -109 109 -109
Des M. & Ft.D.- l s t .4 .. . . - . . . . 93 - \/8
89½- 90 . . .. - . . .... . . - . . . . 86 - 87 l07¼- 107!J,f
1st, 190~ . .. ..... . .. . 2 ½ ... - ..... ... - . . . . 59½- 59¾ . . . . - ,. . . . . . . Extension ..... . ...... . .4 . . . . - . . . . . . . . - . . . . . . . - . . . . 87¾· 87¾ 87¾- 877/4 . . . . - .. . . 8~- 87!J,f
- .... 100 -100
\/9½-100¼
Chic.St.L.&Pitts-lst.5 98¾-101 102 - 102 101½- 102 100¾-101 100½-lOl¾ 100 - 101 100 -101 100¼·100¾ . .... Chic. St.P. ll'Iin.& Om.Consol., 1930 .. ... ... .6 121¾·122¼ 120¾-121% 120¼-123 122 -124 123¾-124¾ 12()¾-122¼ 119¾-121 118 -119¾ 116 -119% 117½ -119 118 -120¼ l16½- 11P
Chic.St.P.&M.- bt . . 6 127 - 128 126¼- 126½ 126 -126¾ 126 - 127½ 123 - 128 124_½-124½ 125 -125
- . .. . 122 - 128
- . ... 122½ -122½ 121 -122
St. P. & S. City- lst .. 6 126 - 127½ 126½ -127 126 -127 124 -125 124 -125 124%-125 123 -126½ 126 - 126 124½ -126 122 -123 123 -128¾ 128¼-123¾
Chic.&W.I.-lst,s.f .. .. 6 ... . - ... 117½-117xi .. .. - . .. . a6½-116¾ 116½-116½ . ... - . . . 112 -115 ... . Gen. mort .. ... . . ... .... . 6 lll - 111 ... . - ... . 112 - 112 115¼-115¼ 115 - 116 112½-113 110 - 112 .... - . . .. 110 - 118 . ... - . .. . 114 - 114 115 - llf
Cin. J.&M.-lst con . 5 ... . - .... ... . - .... .. . .
- . ... 97 - 97
96¾- 97 .. .. - .... 94½- 114½
Cin.W.&B.-lstgu . . 4 ½ . .. . - .. . . 106 - 106 . . . . .. . ..... - ... .
Cin.&S.--Gu,C,C,C.&I. . .. . ... . 119¾-119¾ .... - . .. 117½- 117½ . . . . - .... 115½-115¼
Goar. Lake Shore ... 7 . .. . - ... . 117½-117½ ...
. . . . 118½-118½ . ... . ... ... - . . .
Cl. C. C.& 1.- lst, s,fd,7 122¾-123½ 125 -125 123 - 124 122!',(-124¾ 121 -121 120½-120½ 120¼-121
- .• . . 121 -121 120 - 1:10 118 - 118¼ 118½- 120
Consol.. . ....... .. .. . ... .. 1130 -1:30 128 - 128 127 -129½ 130 - 131 . . . .
.' Consol. S, F ....... . ... . 7 . . . . - . . . . . . . . - .. . . 124 -124 . . . . - . . . . . . . .
.
Gene1.·a.l cons ... .. . .. . . 6 107 -109 107 -109 109¾-lll 111 -111 110½-111½ 110¾-111½ 108¾-108.½ . . . .
. .•. 105 -108 104½-105 105 - 106 106 - 109
99 -100
Col. Coal & 1.- lst,con.6 100½-102½ 98½ - 99¾ 99 -103½ 101%-104 103½- 104½ 103 - 104¾ 102 -104½ 95¾-10(1
~6 - 99¾ 95 - 99 100 - 100
Consol. Coal- Conv . . .. 6 . . . . - . . . . . . . 102½·102½ 106 -106
66 - 71l¼ 6 \) - 74~ 68 - 71¾
Col.H. Val.& T.-lst .. . ~ 88%- 88¾ Si - 87
75 - 83
79¾- 82
79 - 84½ 79 - 88
75¼- 80
70 - 75
60 - 78
Gen. gold, 1904 .. ... . 6 80 - 91
80 - 84
70 - 80
75 - 76
76 - 87
71:1 - 79½ .. .. - . . . . 70 - 70
66 - 69
63½- 71
64 - 72
68½- 72½
Col. & Cin, Mid, 1st ... 6 .... - . ...... - . .. . . .. 100 -100
99½- 99½ 9i:s½- 99½ 96 - 96
94¾- 95
- .... 96 - {16
Del.&Hud.C .-lst,'91.7 109½-110 lOU½-110¼ 109¼-110¼ 1Cl9¼- 110½ 109½ 110¼ 110)4-110½ 106_½-106½ 107½- 108 :07½-108 108 -109 108¼-109½ 107 -109½
Coupon, 1.894 .. ... ... . . 1 116½-118¾ 118¼-J-18½ .. .. - ... 115 -115½ 116 -116 ~16 - 116 116 - 116 116 -116 117 - 118 115 -118¾ 113 -118 . . . . Reg,, 1894 . .. .. ... . . . . 1 116 - 118¼ 117½-117½ 118½-118½ 115 -115 115½-115½ .... - .. . .... - ... . 117 - 117
- .... 138 - 139
Penna. Div.-Coup . ... 7 141 - 142 .... - . .. . ... . - .... 141¼-141¼ . . . - . . .. 141¼· 14I½ 139 -141½ 139 - 141
Registered . .. .. . .. .. .7 . . . . - .. . . 142 - 142 . . . . - .
Alb.& Susq.-lst m . . 7 108¾-103¼ 104¼-104½ 104½-104½ 104¼-104½ .... - .... 105 - 105½ 108 - 103¾ · ·· : - . ... 108 - 108 103 - 103 102%-103¾ . . . . lstcon.,iruar .. . . .. . 7 180 -180
·
- ... . . ... - ·... 128 - 1:28 ..
ll!lt con. a-uar . . .. . .. . 6 120~-128 123 - 123 122½-123 119 - 120½ 120 -120¾ 110¼- 120 119¼-119¾ 119¾-120 120 - 120 117 -117 115½ -117 117 -118
1st. con. gua.r., reg.6 120 -122½ 121 - 121 121½- 123
- . . .. 119½· 119½ . ... Rens. & Sar.- lst .. . . 1 145 - 145¾ .. .. - . . . . 141¾-141½ 141½-142 .. .. - . . .. , . . . - •• •. 141 - 141 141 - 141
Del.Lack.& West.Convertible ....... ... ..7 . . .. - .. .. 114 -114 .... - . . .. 118 -116 118¼-115 . . . . - . ... . . .. - .. .. 111½-112 ll()¾-110½
Mort., 1907
. . . .. . . . , 139 - 139
. ... 131½-131½ 182 -132 131½-184 131 -182 . . . . - . . .. 180½-132 131 - 131 131½- 182% ... . - ... .
Syr,B'n &N.Y., lst . . 7 .... - ... . 130¾-130¾ 183½-183.½ 1S2¼ -183
. . .. - .. .. 129½·180
Morris & Essex-lst .7 141½-142 141 -142¾ 142 -143 148 -144¼ 141 -141 l40¼-140½ l-!0½-142½ .. . - . . .. 141 -141 138 -139¾ 138½-138½ 139 -140
2d mort ... . . ... . . .. .. .. 7 113 -115 110)4-110½ 11.0 - 110¾ 110 -111 110¾-111 111 -111 112 -112¾ 108½- 109 107½-108½ 107½-107½ 108½-108½ 108¾-110
1900 . . .... .. . . . .. .. . ... 7 , . ... - ..... . .. 116 -116 119 -119
.. - .. . .... . - . ... ... . - , ... 118 - 118 .. . . - . . . .... . - . . . ...• - . .. .
'78, 18'71-1901. .. ... . '7 128¼-128'¼ 127 -127 127½-128½ . .. . - . .. . 125 -127 12~½-126½ . .. - . .. . 125 -125 124¼ -126 . .. . - . ... 128½-123½ ..•. - . . .
1
Consol., iruar . . . . . . .. .1134¼-135 185 -185 135 -186½ 185!,,i-187 137½-137½ 134 - 184 183¼-183½ 134 -134 183 -134¾ 183 -135 135 -1~ 183 -18,<½
N.Y. L. & W.-lst .... 6125½-126¾ 126 -128 1127 -127½ 126¼-128½ 127¾-128½ 128~-128½ . ... - . . . . 128½-l-28¼ 125 -125 124%-125 125%-126 127 - 128~
Construction ... , . ... ~ 1109¾-110 107 -108 107¾-108½ 10~·109 1109 -109¾ 109 -1C9¾ 109¾-109¾ 107 -109 106 - 108 108 -108 • 108 -108 1()6¼-108
Denver& Rio G,-tst.1119 -120 118½-120¼ 119.~ -120 1120~-120¼ 120 -120½ 121 •121½1119¾-12u;!4 120 - 121 119¾-121 120 -121¼ .... - ····1118½-ll"½
. Newconso~. ........ . ... 4 76¾- 80
76)4- 78¾) 77¼- 79
78½- 80
79 -. is2¼ 81 - 82~ 79 - 80}a 77½-.80½ 76¼- 80
75½- i 8½ 1 77~ - 79¾ 77%_- 79
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
····1··· - ....
RAILROAJJ
BONJJS.
188?'-{;ontlnued.
J.ANU.ARY FEBR'RY.
BONDS.
M.ARCH.
APRIL.
M.AY.
JUNE.
JULY,
AUGUST. SEPT'BER . OCTOBER
NOV'BER.I DEC'••··
Low.High Low.Hi~h Low.High Low.High L ow.High Low .High Low.High L ow.High Low.High Low.High Low.High Low.~i11:h
- - - ·- - - - - - - -
---
79 - 80¼ 79%- 82
81¼- 82
80 - 82 ... . - . ... 74 - 74¼ 70 - 71
Denv.&R.G.W .-lst .. 6 80 - 8!¼ 80 - 81
70 - 73
73¼- 74¼ 73 - 73
77 - 78
67½- 71
71 - 777~ 71 - 73
64 - 08¼ 64 - 68¼ 66 - (.\9'% (17 - 69
Assented, 1st .......... 6 76 - 78 76 - 77¾ 73¾- 75¾ 75 - 78
75 - 76½ 68 - 75¾ 72 - 82
78 - 86¾ 78 - 79 .. .. - .. . 70 - 70 . ... - · • •· 74½- 79
Denv. So. P. & P .-lst .1 75 - 80 75 - 75
77 - 77
Det. M. & Ma1•q."
49 - 53¼ 45 - 51
35 - 47
29 - 39:½ 30 - 35¼ 32 - 85¾ so - 86
Land grants, 1911 .3 ½ 51 - 53 49¼- 55½ 51 - 55¾ 53 - 55¾ 53 - 56
Det. B. C. &Alp.-lst .. 6 102 -103½ 101 -104 104 -104 102 -105¾ l05¾-lo8½ 108¼-110 106¾-107¼ 106¼-108 106 -107 106¼-107 107¼-108¼ 107½-109
... . ... - .... 120 -120 .... - .... 118¼-118¼
E. Tenn. V.& G.- lst .. 7 121 -122 .... - .... 122 -128,{ 123 -1~3¾ 128 -123 128 -123 ll~-117¼ . ...
.... ... . - .... . ... - .... .... - . .. . . ... - . ...
Divisio nal. ............ . l) 107¼-107¾ .... - . ... .... - . ... .... - ... .... - .... .... - .... .... - .... . ...
96¾- 98
E.T . V.& Ga.Ry,con i'i 98%- 99¾ 98¼- 99¼ 98½- 99¼ w -101¾ 98¾- 99½ 98 - 99¾ 97½- 99
95 - 971A 94½- 97
91¼- 97
95 - 95¾
99 -101 107 -110 107¼-108¼ 108 -108½ 109 -109¾ . ... - .... 50 - 50 ... . - . ... . ...
East & W. Ala.- lst .. 6 lOQ¾-100¾ ... . - .... .... - ..
....
99 -100
Eliz. Lex. &Big. S ... . 6 105 -103 107 -107¾ 104 -104½ 103¼-104 103 -104 102 -103¾ JOO -101
95 :. 96¼ 95½- 99
96½- 97% 96¾- 97
.... - ... . ... . - .... ·-·· - . ... ... . - . .. . 120 -122 119 -119 118 - 118
Erie-1st, Extended .... 7 122 -122 .... - .... .... - ... , ... - . .. .
2d, Ext ........... .. .. . ... :S 114 -115 117 -117 112½-112¼ 112¼-115 116½-116½ 116½-116½ ....
. . . 117¼- 117¼ 111 -112 . .. - .. .. 111 -111 112 -112
.... ... - .... 104- - 104¼ 104¼-104½ 105 -105 ... . - ....
3d Ext ... ········ .... 4¾ ... - . .. . 109½-109¼ 105 - 106 .. .. - ... . 108 - 100 109 -109 ....
4th, Ext ................. /i 114 - 114¼ 115 - 115 114 -116 115 - 117 115 -115 116½-116¾ 118½-118,.t · · • · - .... .... - . ... 116 -116 .. .. - ... 110 -110
/ith, 1 888 ...... .... .... 1 105 -105½ 105¼-105½ 104¼-104¼ 104½-105 106 -106 102 -102 102¾-102¼ 102>(-102:¼ 1027k103 10$¾-108¾ 103¾--104 .... - ... .
1st, consol., gold ..... . 1 184¾-146 135¼-136 132½-184¼ 138 -135¼ 184 -136 135 -187 .. .. - . ... 184 -134¾ 129 -130½ 130 -132½ 133 -135 133 -136
1st consol. fd. coup . .. 7 .... - .... 130¼-130¼ ... - .... 131¾-131¼ 134 -134 ....
.... .... - ... .... - .... . ... - ... . .. . - .... 130 - 130 131 - 131
Reorgan., 1st lien ... 6 ... - .... .... - .... .. .. - . .. . . ... - .. .... - .... .... - . ... .... - .... ... .
.... . ... - ...... - .. .. 105 -105 . .. . - .....
Long Dock .. ...... . .... 7 11$½-114 lH -114 115 -115 114¼-115 115 -115 ll~-114 .... 113¼-114 112½-115 112 - 112 . ... - .... 110 -110
Cons. gold ............ 6 115 -118 117¼-118 119 -120 117 -117½ 118 -118 118½-118¾ 118 -119 .... - . ... . 118 -ll8¼ .... - ... .... 115 -115
.... - .... 136¾-137¼ 136¾-136¾ . ... - .... 136¼-136½ 137 -137 186 -188 185 -136 137 -137 135½-135½ .... - ....
Buff, N, Y. &E,- lst.1 ....
N.Y.L.E.&W.New, 2d cons ol. ..... 6 95¾-100 93¾-100. 9cl½i-100½ 100 -1027/4 102¼-104% 98¼-101¼ 97¾- 99½ 96%-100 97 - 99:'1;! 94 - 99¾ 98¾-101½ 96 - 08¾
- Col. u·ust, 1922 . .... ti 107 -107 .... - .... .... - .. .. .... - ... . 105 - 105 . ... - . ... 108 -108 108 -108 .... - . ... . ... - . ... 103½-104 104 -104
90 - 92¾ 93 - 94
Fund. c oup., 1969 . . l> 90½- ll2¾ 88¼- 91
90¼- PO¼ 87 - 87
94 - 95¾ 92 - 02
85 - 86
84¾- 84¾ 84¾- 89½ 87½- 89
.... - ... . ... .... . ... - .... ... - .... . ... - .... 112 -112 . ... - ...
... . 115 -115 .... - .... ...
Erie & Pittsb .- Con ... 1 .... - .... ....
108 - 108 . ... - .... 112 -112 110 -112¼ .... - ... . .... Ev.& lnd'p,con.,1926.6 .... - . ... ... .. ... . - ... .... - . . ... . - . ... .... - . ...
Ev. & T.Haute-Co n .. 6 116 -118¼ 118 -118 118 - 118 118 -119 119 -121 1120 -121 116 - 117 115 -116 112 - 114 l17 -118 117 -120 117 -Ui½
115½-115½
-111
111
111
-116
115
-115
110
112
-115
115
..
..
111¼ 111½
Mt. Vernon-1st . . ..... 6
- .... ... - . ... .... .... ... - .... 106 -lOd
... .... .. . - .... .. .. - .... · •• · - .. .. 119 -119 .... . .. . - . ... 117 -117 119 - 111, 119 - 119
Flint & P. ll'l,-ll'lo1·t ... 6 121½-122 123 - 123
84~4- 89
80 - 85
78 - 88
76 - 80¾
Ft.W.&Dtinv.C.- lst .6 88¾- 90¾ 88¾- 90¼ 89¾- 93½ 98 - 95½ 94¾.- 98½ 89¾- 94¾ 86%- 92
79¼- 84
. ... .... - ... . ....
.... -.... 79 - 80 78 - 78 71 - 71 .... - .... .... - .... .... - ... . .... - ..
Gal.H,& H. of 'S2 .. . .. ;) ....
·•• · 'i9 - 79
Gal. H. & Sn.nA.-lst .. ti .... - .... 106 -100 109¾-109¾ 108¼-108¼ 108½-108¼ .... - ... . ... - .... .. - .... . .. . - . ... 105 -1:>5 109½-109¾ 102 -107
2d mort . .. ... ... ... ..... ')' 110½-lll .... - .... .... - .... .... - .. .. 110 -110 105 -108 .... - . ... . ...
.... .. .. - .... .... - .. .. .... - . .. . .... - ....
93¾-~93¾ 93¾- 93% 93¾- 98¾ 91¼- 95¼ 93 - 94
92½- 92¼
Western Div- 1st ... . /i 99¼•1U1Jl,J\ 97¼- 99¾ 117 - 97¾ 96¾- 98 .... - . ... 98½- 94
2d ........ ......... . . . 6 92¼- 92¼ 9234- 92¼ .... - .... .... - .... .... - ... . . ... - ...... - ··• · .... - .... ... . - O••• . .. . - . ... -·-· - . ... .... - .
.... 119 -110 .... - ... .... - . ... .... - . ... . ... .... .... - . ... .... - ... .. .. - .. .. .... - ... .... - ... . .. - . ...
G1•,Rap.&lnd. , l s tl.g.1 ....
99¼- {;9¾
96 - 96½ 96½- 96½ 98 - 100
General. .. ............. l) .... - .... 90½- 90½ 90 - 92¼ 92l,t- 95 05 - 95¼ 95½- 96½ 97¼- 97¼ 98 - 99
*99
-103
99 - 99
99 -105 105 -107¼ 106 -109 10e - 108 106½-107 .... - .... .... - .... 97 - 97
G1·,B.W,& St, P.-lst .. 6
99 - 99 . ... - .. .
2d, income ............. .S 88 - 40% 88¼- 40½ 40¾.- 42¾ 41½· 50 49 - 53 44 - 50% 87 - 4634 33¾- 40¾ 80 39¼ 28 - 37 31 - 37½ 30¼- 84
Golt Col. & S , F .-1st .. 7 120¾-122¾ 121 -122 121¼-122 121¼ -122 121¼-125 124.½-125¾ 121 -122¾ 118 - 121 % 118),~-121 120¼-122 120 - 121½ 118 - 121½
~d, 1923 ................. 6 101½-103 102¼-104 104 - 105 102¼-103 102½-106½ 103 -106¾ 102 -103¾ 100 -102¾ 100 -103
97 - 101
97 - 07¼ 06¼- 116%
Han. & St. J o.-Cons . 6 hl¾--128 123¼-123½ 119¾-120 119 -120 119 -121 121 -121 119 -119 120¼-121 115¾-118 115¾-118 117¼-118 118 -118½
Hen. Bridire Co,-lst ... 6 108%-109¾ 109¾-110 lOe½-107 108 -108 109¼-109½ ... . - .... 108½-108¾ 108½-110 107½-107¼ 107 -lOi¼ lt8 -108¼ 108¾-108¼
.... 61 -61 ... - ....
Hous. E. & W. T.-lst. 7' 68 - 68 ... . - .... 69 - 69 68 - 68 68 - 69½ ... - .... 68 - 68 . ... - ··-· . ... - . ... ....
Hou.s..&T .C.-1 st,M.L. 1 *112¾114 *113 - 114¼ *114¾-14¾ *114),.(-17¼ 116 -119¾ 117 -118½ 116 - 118 118½- 117¼ 112 - 115 113¼-115 113½-116 114 -116
1st, Western Div ...... 7 *108-110 *108 - 108½ *109-110 *1C8¼- 110 111 -119½ 115 -116 113 r-114¼ 112½-115;i 112 -118 111 -112 112 -113½ 112¾-114
.... .. . - . .. . 114 -114 .... - .... ... - . ...
w.&N.Div ... . .. . .... 1 .... - ... *113 - 118 *115 - 115 *116-118 115¾ 119¾ .... - .... ... . - .... ....
2d, Main Line ......... 8 95 - 97½ 94 -100 99%-102¼ 102¾-105 105 -112 JOO - 109¾ 110 -110 104 - 106½ 08 - 99 100 - 103 100 - 107 107 -109
61¾- 65
69 - 70
General mort ..... ..... 6 69 - 72 66¾- 69¼ 67½- 72¼ 70 - 73 72 - 79¾ 72 - 74¼ 71~- 72 70 - 71
55 - 60
65 - 72
98 - 98¾ 97¾- 97¾ fi5 - 98
94 - 95¾ .... - -··· 92 - 93
95¾- 97¾ 95 - 96
93 - 94
111.Cent.- Gld., 19/il,3½ 98 - 99¾ 98 - 98
94 - 95
1st gold, 191>1. ....... 4 108 - 108~~ 107 -108 107 - 108 107%-108 107 -107½ .. .. - .... ... . - . ... 106 - 106 107 -107 105½- 105¼ 109 -100 107 -108
.... .... - .... .. . - .... .... - .. .... - .... ... . - .
Sprin111, Div., 1S98 .. 6 116¾-116½ 116¾-116½ 117 -117¼ 1'7 -117¾ 117½-117½ .... - . ... ....
Middle Div., 1921 ... :S .... - . ... .... - . ... . ... - .... ... . - . ... .. - .. . . ... - ... . .... - .... ... . - .... . ... - .... .... - .... 112½-112¼ . ... - . ...
C.St. L.&N .0,- l s t,c. 7 121 -122 .... - . ... .... - . .. . . ... - .... .... - . 120 - 120 .... - . ... .... - ... . ..
.. .. ... - .. ... - . .. .. . - · ·-·
115 -116¼ 115½-116½ 116½-117 117½-118 116½-116½ 116 -116½ 116½-116½ 115 -116 114¼-116 llR -118 114 -117
~ Gua1·n.ntee d ...... . . . ,l 115 - 116
.. - . ... 107 -107 105 -101) 107 - 112 109 - 109 .... - .... 104 -105 100 - 100 . ... - . ... 90 - 91 82 - 82
CedarF.&M ., 1st ... 7 109 -110
Ind. Bl.&W .- lst,pret 1 119¾-120 124~- 124¼ 121 -123 120 -120 122 - 122 123¾-123),,i 123 - 123 .... - .... 120 - 120½ . ... - . ... .. .. - ... . . .. . - . ...
go - 91
06 -97
9~ - 96½ 86 - 90
9o -90
95 - IJ7
06 - 98
88 - 90
1st, 1909 .... ...... .. l), 6 91½- 9~½ 95 - 97
90 - 90
93 - 94.
75 - 79½ 70 - 75
72 - 74
75 - 77
72 - 75
2d, 1909 .. . ....... .. :s, ti 77½- 86 80 - 84¼ 83 - 84.½ 84
86¼- 89½ 86 - St!
-86
lll - 91
93¼- 95% 05¾- 96¾ 94¼- 98½ 96¾- 97¼ 91½- 92
88 - 91
90 - 90
Eastern Div ... ........ 6 91 - 95 94¼- 96
88 - 90
88 - 93
31 - 34¾ 32 - 34% 32½- 34¾ 31 - 33½ 25 - 29
24 - 26
20 - 27
Con. income ...... ..... 6 80¼- 34¾ 31½- 34
19¼- 28½ 20 - 24½ 19 - 21
Ind. Dec. & S p'gfield.lst,ex funded coup .. ')' 103¼-106 105 - 107 1G6 - 106¾ 104 -105 104¼-109 108 -108¾ 106½-108 106 - 107 104 -105 .... - . .. . 102 -102¼ 101 -102
2d income Tn1st 1·cpts. 88 - 88 88 - 41½ 39 - 40¾ S8 - 42 41~~- 48 46 - 46
- .... 44 - 44½ .... - .... . ... - .. .. 35 - 85 ... - . ..
Intern, & Gt. No.-lst.6 117 -117 117 -118½ 121 -122 119 -120½ 112½-115½ 114¼-115¼ 114 -115 l12 -114 112 -113 113½-114 108 -110 108 - 1011½
9;} - 96¾ 93½- 96
90 - 9:
86 - 89
93¼- 95
Coupon, 1909 ......... -6 93 - 94¾ 93 - 98
80 - 86
927/4- 93¾ 92 - 94
75 - 80¾
77½- 81
J eff'ersou- lst ........... 1 ... - .. 101 -101 101¾- 103 102¼-103 1oe -106 .... - • · •· ... - .... . ... - . ... . ... - . ... . ... - .... ....
.... ·•• · - . ...
~1
70
Kentucky C., stam'd ... 4 64 - 65 64 - 72
73½- 73¾ 73~- 75
75½- 70½ 78 - 78 ... . - . ... 73½- rn
:o - 72
73½- 75½ 72¼- 74
06 - 9tl
06 - 99% 97 - 997/4 97¼- 9J
91 - 04
90 - 92
94 - 95
92 - 92¼
Knox.&O.- lst,192/>.6 95¾-100 97¾- 09
89½- 89½ 89¾- 92
.... .... . .. . ... . - .... . ... - . ... .... - . .. . .... - .... ... - .... .. .. - . . .. ....
. ... - . ... ... . - . ...
Lake Erie & W.- l st .. 6 110 -112¼ ....
. .... - • ·-· ... . - .... .... - .. . . ... - .... .... - . ... . .. . - ....
Income ............... ... 40 - 62 .... - .... .... - .... .... - . ... . ... - .... .... .... - .... .... .... .... - .... .... .... .... - .. .. .... - ... . ... - .. . . ... . - ... ... . - . ... . ... - . ...
Sandusky Div. - lnc . . 6 25 - 42 .... ..
..
....
...
....
....
....
103
....
102}~-103¼ 101¼-105 101¼-102 101 -102 102 -103½ 103¾-104
....
.
...
.
...
-103½
Ln.ke E. & W .. new . . l)
. ... . ... - . ...
Lat. Bl, & ll'l,- lst .... ti lll½-114¼ .... - .. .. .... - . ... .... - .. .. ... - .... .... - .... . ... - . ... . ... - . ... .... - . ... . .. .
- . ...
.... . ... - . .... . - ·· •· ... . - .... .. .. - ..... .. - .... ---· - .... .... - . ...
Income .... ........ ... 7 68¾- 87 .... - .... .... - .... . ... - . .. . ....
,.,
L ake S ho1·e & M. So.Cl, Pains . & Ash .... . ., 114¾ -114¾ 114¼-114¼ 115¾-115¾ .... - .... .... - .... 118 -1 13 114 -114 .... - . ... .... - ... 109 -110½ 109¼-109¼ 109¾-110½
. 124 -124 121½-123½ 121½-121½ 119 -119 . ...
... .. ....
Buff. & Erie- New .... 7 128 -124¼ .... - .... 124- - 124 121¼ -121½ "121¾-121¾ . .. .
102 -102 .... - .... . ... - .... .... - . .. . 103 -105 .... - . ... 104¾-104¾ . ... - . ... 106½-lCJB¼
Kai. & W. P.- lst .... 1 ... - . ... .... - .... . ... - . ... .. . - . ... . ... - . ...
Det. Mon. & Tol. ..... 1 129 -120 ... . - .... 126 -126¾ 126¾-126¼. 127¾-127% 130 -180 .... - ... 123½-123½ . .. - .. ..
L. Shore-Dividend . . 7 12334-123¼ 124 - 124¾ 124¾-!25 .... - .... .. . - .... 128 -123 121½-121½ . ... - . ... 122½-122½ .. .. - . ... 118¼-118}4 .... - . ...
1st con., coup ....... . 7 126 -128 125¼-12i 127½-128 126½-128 126¾-128¾ 126½-129 125 - 125:½ 124 -124 124 -125 126 -126½ 126%-127½ 126½-129
1st con., 1•eg .... ...... 1 126¾-126¼ 125¼-126 125 -127 124 -125 125¾- 127 126¾-127 123¾-125½ 123½-125 .... - ... . 123¾-124~.i 125 - 1213 125 -125¾
2d con,, coup ......... , 122½-12S¾ 122¾-124 123¼ - 124 123¾-124¼ 124¾-1'20½ 122!,ti-123¾ l22½~1:t3½ 122½-12J¾ 122½-123 122 -123¾ 128 -124 120 -122½
2d con., re,:; .... .... . . 7 123 -123½ 123 -12& 128 -123½ 123½-124½ 124¼-12-1¼ 122¾-123½ 128 -123 122½-123½ 122 -122½ 122½-123½ l23'%-124 1'20 -122¼
.... 105½-106½ 105 -105 .... - .... .... ... . .... - . ... .... - . ... ... . - ....
Mahoning Coal ltR .. 1> 103½-104¼ 103½-104 104 -lOtl 100 -106½ ....
L ong Isln.nd - lst .. ...... 7 12!¼- 121!,ii 121 -121 124 - 124 .... - .. .. 120¾-120~ .... - . .. . 121½-122 . ... - .... 125 -125 .... - . .. . ... . - . .. . 118!,g-120
.... 112½-113)4 118 -118 113 -114 112¾-112¾ 112½- 112¾ 110 -112
1st, con sol. ... ...... .. 1> 114¼-114¼ 113 -115 114½- 114½ 118}1i-ll4 ... . - . .. . ...
.. .. .... - . ...
N. Y. & M. B., 1st . .. 1 110 -110 ... . - ... . .... - .... .. .. - . ... . ... - . ... ... - .. . .. . - ... . .... - .... .... - .... ... . - . ... . ...
.... 119½-121½ 118 -118 118 - 121 118 - 119½
L ouisv.& N .- Consol . . . ? 119 -120 120¾-121~ 120 -121 118 -119 ~18 -11!3½ 118%-119½ 119 -119¼ ....
105 -106 .... - ....
. Cecilian Branch ...... 7 111 -111 , ... - . .. . 111 - 111 111 -111 111 - 111 110 - 110 109½-109½
=100;) !~!¼=!~! 109 -110 109½- 110¾
N. O. & Mob- lst ..... 6 105 - 106 105 -105½ 105 -107½ 100¼-110 lOi,¼;-!.18 112½-118¼ 100 -110 1C8¾-l u9
·_
99
9 - Od
96 - 96
98 - 118
93 - 04¼ 94 - 99
9i %- 97½1 96 - 97
2d . .... . ........... ...... 6 90¾-- 93% 92 - 93
1!8%- 99~ W½- 99½ 97
E. H. & Nash,-lst .. -6 115 -115 115 -115 116¼- 116¼ U5 -115 117 -117¾ .... - .... 112 -114¾ 112½-112½ ... - .... ,us -115½ 115 -115 112 -112
Gen'l mort ..... ........ . 6 107 -108¼ 107¼-108)4 108¼-112 110½-112½ 113 -114½ 111 -112¾ 109 -111¾ 109 -111 108 -110 IOU -110 112 -112½ 109½-110
.... 103 -103 104¾-104¾ .... .. .. 101½-101½ .... - . .. . .... - . ...
Pensacola Div .. .... .. 6 102½-102½ .... - .... 100 - 100 101 -104 · •• - ... . . ...
.... - .... .... ... . .. . - . ... .... - ... .... - .... . ... - . ... . ... . ... 110 -110 .... - . ... 108¼-111 115 - 115
St. (.,ouhi Div., 1st .. 6 ...
.. .. - .... 68 - 63 ... - · ·• · 59 - 59 .... - .. ... . - . .. . 57 - 57 .... - .. .. . ... . ... .. . - . ....
St, Louis Div.- 2d .. . 3 .... - ·· -· .. .. ... . ... - . ... . ... - .... .... - .... .... - ... .... .... llfi¾-119¾
..... .... .... ... . - .... .... - . ... ....
Nash. & Decatur...... , 117 -121 ....
- .... ...
.... ..... - ... . . .. - .... .... - .... . ... - . ... ... - . ... . ... .... 105¾-105¾ 10~-10~ 105½-105¾
So.& _!\o. A la.-S,F .. 6 ... . - ....
Tru11t bonds .... ....... . 6 104½-107 106¾-108 106 - 107¾ 107 -1087.111 108)4-109 107 -107¾ 107½-108 •107%-109 105½-107¼ 105½-106¼ 105¾-10&}.! 106¾-108
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https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
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f. RAILROAD BONDS. ,;
60
1887-Continued.
JANUARY FEBR'RY.
MARCH.
APRIL.
MAY.
J UNE.
JULY.
AUGUST. 8EPT'BER OCTOBER. NOV'BER. 0EC'BER.
BONDS,
L ow.High Low.High Low .High Low .High Low.High L ow.High Low.High Low.High L ow.Hi gh Low.High Low.High Low.High
Louisv. & N, (Cont'd)- . . ...... - .... 100 -100 100 -100
98 - 98¾ 98¾-100 103 -103 101¾ 101¾ 102 -102
Ten-Fo1·tv, 1924 ..... 6 98 - 98
90 - 90
94 - 06½ 93 - 95
97 - 98
95 -100 100 - 101
94 - 94
94 - 95
94 - 95
91½- 94
90 - 90
Pensac, & Atl,-lst .. 6 93 - 95
- ........ - .... 100½-102 101½-101¾ .. .. - .... 101 - 101 100¾-101 IJS½-100 98¾-100
r;o.yr, gold ............ . r; .... Lou, N, Alb, & C,-lst.6 109 -110½ 109½-110½ 109½-110½ 109 -111% lll¾-115½ 114 -115 lll½-113 110½-112 109 -111 109 -111 110 -114 113 -116
94 -96½ 90 - 94½ 90 - 93
96½- 99
97 - 99
9571r 9S
93 - 97
90 - 93½ 91 - 92'4
Con,, gold, 1916 ...... 6 95½- 96½ 95 - 96½ 95½- 97
Man,B,Jmp, Co.-Lim,7 .. . - ... 92 - 92½ 89 - 90 87½- 88 .... - .. . . 84½- 84½ 88 - 88 .... -102½ 103 - 104
102
-100
Mem.& Chas.-Gold·. .. 6 101 -102 101 - 101 102¾-102¾ 104¾-106 105½-107 105½-107 103½-103½ 100 -102 100 -102 100
Metropolitan El.-lst . . 6 117 -119 118 - 119 118 -119 118 -118¾ 11S¾-120½ 120 -120½ 116 -117¼ 116 -117¼ 113 -115 114½-115½ 115 -118¾ 116 -118¼
2d, 1899 ................ 6 100%-110¼ 110¾-111 110 -111½ 111 -113 108 - 100 LOS -109 107%-109 108 -108½ 106 -108 108½-109½ 106½-107½ 104 - 105
68 - 71¾ 66 - 70% .... - ........ - . . . . 68%- 68%
60¾- C6¾ 66¼- 71¾ 73 - 75¾ 68¾- 72
Mex. Cent.-N ew ass't.4 .. .. - . . . . 51 - 56¾ 59 - 50
22½- 22½ .... - . .. .
19½- 21½ .. . . 20%- 22
Income, 1911. ... .... . 3 ... - ... ... .. - ...... . - .. . 21 - 23% 23 - 25?11 24¼- 27},i 20 - 26
Mich. Cent-lst,consol.7 127¾-120 130 -130 129 -130 130 -131 127 -128 128 -1 28¾ 128 -128¾ 126½-129 126½·128 127 -128¾ 124 -124% 124½-127
- •••. 112¼-ll:.lJ,fi 110 -110 108 -108 .... - ... . . .. - ... . 108¾-109 108 -108¾ 105½-106 108 -110
1st, con1,1ol .... .......... I) ...• - .. . . 120 -120
1909.. ..... .. ... . . .. .. 6 .... - .... 121½-121½ .... - .. .. 121 - ]21 . ... - .... 106 -106 106 -110
Coupon, 1931. .. ...... . r; 109 -110½ . ... - . .. 107½-110 109¼-109¾ 110 -110 108½-108¾ 108½-109 108½-109½ .... - ........ - ••.. 108 -108
Registe1·ed, 1931. ... . r; .. - ... . 109¾-109¾ .. .. - .... 104½-104½ . .. . 108½-103½ ... J. L. & Sag,, 1891 .. 6 106½-106½ . ... ll'Iid. of N.J.-lst ........ 6 112 -114 112 -112 112 -113½ 110 -112¾ 113½-115½ ll2 -113 112 -113.½ 107 -111 109 -112 lf7%-109 109)4-110¾ 109½-111
Mil. L. Sb. &W.-lst .. 6 lHl½-121½ 118 -120 ~20 -121 121 - 122 120½-121 119 -120 118 -118¼ 118 -119 111:l - 120 120¼-123 117½-120 120¼-121¾
114½- U4½
95½- 96
- .... 95 - 05
- .... 98¾- 99% 99%-:!.04 102 · 102 101%-101% .... Conv. <leb ..... .... ... . .. r; .. .. - .. .. 100 - JOO I..
Income ... ............. .. 6 102 -102¼ 101½-104½ 104 -106 105½-107 104 - 104½ 102 - 104 101¾-102 . ... - .. .. 100 -100¾ 97 -102
Michigan Div ......... . 6 114 -117 116 -116½ l15 -116½ 116 -"!.17 117 - 121 117½-118½ 115 -116 .. .. - . .. . 114½-114½ 114 -115 115 -115 . . .. - .. .
- .... 117 -118¾ 115¼-116% 116 -lfo 115 -116 113 - 114½ 113 -114½ 116 -116 116¼-117%
Ashland Div., 1st .... 6 115 -115
M.il. & No.-lst, 1910 .6 104 - 104 105 -105% 108½-110 110 -110 110½-111 108 -110 107½-109.½ 107½-lO!J 108½-108½ 109 - 110 110 -111 106½ - 10!1½
1st, on exten., 1913 .. 6 101 -103 103 -105½ 105¾-107½ 107 -110 109¾-110 106¾-107½ 107 -107 106½-100¾ 106 -10'71/2 106½-107 107 - 107½ 104 -105
= ... •1 · ... - .... 101½ -102 . . .. Minneap. & Pac.- lst.5 . . . .
........ - .... 130 -130
Minneap.& St.L.-lst. 7 132 -133 .... - .•.. 183 -133 132 -132 ,. .. - .... 100 -107½
- .... 113 -113 115 -115 .... - .... 11894-110 118 -118 . ...
Iowa Extension ...... 7 110 -120 .... 2d, 1891 ................ 7 .... - .... 100 -100 100 - 100 ..•. - .... 101 -101 1<11 -101 . ... - .... 100 -100
- .... 108 -108
- .... 108½-109
Pacific Ext .............. 6 107 -108½ 110 -110 .... 50 - 70
- .... 70 - 70
- .... 81 - 81
e9 - S9 .... 86%- 90 .... - .... 85 - 85
Imp. &equip., 1922.6 89¾- 90
- .... 98,½-101 101 - 101½
..
101¼-102 . .
M.iun.&No.W.-lst,g . . r; .... - .. .. 102½-108¼ 103 -105½ 104 -105 103 -103 103½-103¾ . .' .. 93 - 93¾ .... Minn.S. Ste.lU.& A . .. . r; .. .. 68½- 77¾
91 - 95¾ 88 - 93¾ 78 - l:ll¾ 76¾- 84
93 - 97
Mo,Ii..&T.-Gen. con,.6 97 -100½ 96,½-100¾ 99 -101¾ 101 -102½ 100¼-102½ 95¾- 90
66 - 73¼ 60 - 68
79¼-. 83¼ 77 - 8l¾ cs - 81
Gen. consol.. . ... .. .... . r; 85 - 877,,i 83½- 88¾ 86 - 88 87¾- 89¾ l;l8 - 89% 84½- 87 82½- 85
Consol. .............. : ... 7 1.12 - 118¾ 109½-110½ 109¾-lll 111 -112¾ n2 -113½ 111 - 113¼ 113 -113½ 107½-110 108 - 110½ 105 - 111 103 - 108½ 104½-107 ~
- . . . . 69 - 69
2d, income ............ . 6 .... 109¼-100½ 110 -110 110 -110 105 -105
Han. & C. Mo.- lst . . 7 .... lliobile & Ohio- New .. 6 101l%-110 108%-100½ 109½-112 lll¾-114 112½-114 ll2 -113 113½-113½ 113~-114 114 -114 111¾-113½ 113 -114 105 - 109
- .... 105 - 106 104),(-104½ 104 -105½ 107 -107 .... - ... . 106 -107½ 108 -108 107 -107 107 - 107½ 105½-lOfi¾
1st, exten., 1927 ...... 6 106 -106
43 - 44
42½- 49
40 - 45
45 - 45
47 - 50
50 - 54
50 - 55
59%- 61
62 - 66½ 61 - 66
60 - 66
1st pref. debenture ... 7 60 - 65
18},!- 25¾ 22 - 24
80½- 32 .... - . . . . 22½- 22½ 23 - 27 . . .. - . . . . 23 - 2s
36 - 38¼ 33 - 8'i½ 33 - 37
2d p1•ef. debenture .... 7 86 - 36
20½- 21
- . . . . 20 - 20
- . . . . 28~1- 25½ 28 - 29
3d pref. debenture .... 7 . . . . 13
25 - 28
4th pref. debenture .. 7 ... 12 - 12
- . . . . 73 - 73
73¾- 74
73 - 73
74 - ,;4
73 - 74
:St. Louis & c., gua1.·.4 74 - 74
71.½- 72½ 72 - 72½ .. . .
Morgan's L. & T ..... 121 -121
lst, 1918 ... . ........ .. 7 .. . . - .... 1-.!3 -123 12t½-124½ 121 -121
84 - 85½ 82½- 84.½
85 - 86~ 85 - 86¼ b3 - 85½ 83 - 86½ 84¾- 89
85¾- 87
87%- 80
Mutual Union T ·-S.F .6 84¾- 85¼ S4½- 85½ 85 - 89
- .... 127 -129 12o¾-129 121> -126½ 125½-129 128 -129½ 130 -130½
Nashv,C.& St.L,-tst. 7 120¼-130 130 -130 128½-130 120 -131 120 -131
- .... 107%-107¾ 107 -107
2d, 1901 . .. ... ......... . 6 109 -l09 109¼- 101!¾ ... - .... 110 - 110½ 110½- 110% 110¾-111 108 -108 107¾-107¾ .. . . - ... 100 -100 104½-104½ 105 - 105f
NewJ . .Junc.-lst ...... 4 .... - ........ - .... 102¾-102¾ .... - . ... . . .. - . ... 104 - 104 . . .. •.......
..
.
.
..
..
.
...
07½
98 - 98 100 -100 100 -101½ 101½-lOlni 101¾-102½ \J7½New J. South.-Guar .. 6 OH - 98
75 - 77½ 74½- 77
69½- 80½ 70 - 75
80¾- 84¾ 83½- 85% 85 - 1<6¼ 83 - 85¾ 81 - 83½ 77½- 82
N.O.Pac.-lst, tr. 1·ec .. 6 78½- 63½ 75½- 86
N.Y. CentJ.•al-Ext .... .. 5 lOC¼--106¾ 106 - 106½ 106 -106½ 106%-107¼ 104)4-104¾ 104¼-104¾ 104¼-105 103 -103 103¼ -104¾ 104¾-105½ 103%-104 103%-104¾
1SS7 .................... . 6 101¼-101½ .... - ... 101¾-102¼ 102¼-102¾ 103 -lu3J1i 100%-103¾ 100¾- 100% ... - ... . . . - .. . . 101¾-102¾ 102¾-102% 103 -103
N.Y. C.& H.-lst,cp . . 7 133¼-134¾ 134¼-134¾ 133¼-186 136 -136¼ 135¼-137 135½-136½ 134½-135¼ 131¼-133 130½-133 132 -133 133 -137½ 136¾-137½
1st, 1·eg .... ..... . ..... . 7 133 - 134r1g . ... - . ... 133 -135½ 135 -135 135¼-136½ .. .. - . . . 134 -135 131 -133 132 -132 131¾-133 135 -136 136 -136
Debenture . ...... : ... . r; 108¾-109½ 100½-109% 106 - 107½ 107 - 108 108 -109¼ 108¾-110% 109¾- 110¾ 110¼-110½ 106 - 107½ 107 -108 108 -108¾ 108½-109
R egiste1·ed .. .. .... .5 110 - 110 109½-109),,; 106 -107¾ 107 - 107½ 108 - 108 . . . - . ... .. .. - .... 108 -110 . . .. - ........ - . . . . 107¼-107¾ 108¾-109
Can. So.-lst, g11a1· .•.. 5 105¼-106 104¾-105¾ 105 -107 106 -107 106½-108½ 108¼- 100 104¾-106 104%-105¼ 104 -106 104 - 106 104%-106½ 105½-107¾
91 - 92¾
90%- 03
80 - 91
01½- 92% 01¾- {;2¾ 92 - 94½ 92¼- 9-!½ 92 - 94¾ 92 - 93¾ 87½- 91
2d mo1·t .. .... .. . .... . :, 93¾- 95½ 93 - 95
00½- 01),li
2d mort., 1.•eg . .. .. .. :I , 92 - !J2
Hat•lem-lst, coup ... . 7 132 -133 131¾-133 132%-132% 131 -133½ 129½-130½ 130½- lSOJ.si 130 -130½ . ... - ........ - ... . 131 -131 129 -1 20 129},i-129¾
1st, reg . .. .... ........ 7 . . - ... Ial.½-132¼ 182 - 132¾ 132 -132½ 128½-130½ 1801,4-130¾ 131 -131 13v -130 130½-130½ 127½-130 129 -120 129¾-130
97½- 07½ ... fl5 - 98
N. Y.Chic.&St.L.- bt .6 1 90 - 97
1
1st t1·ust 1.·eceipts .. . . 6 85 - 07% 94%- 99¾ 97 - 07¾ .... 98¼-101½ 90 -101¾ 97 - 100¼ 96½- 9S½ 94¾- 99½ 97 - 100¾ 99%- 100¾ .... _ ... .
96½- 97¾ 06%- 90
Assented . ... ....... .. ... . ... 98 - 98
96 - 97¼ 90 - 90
95 - 1:5
90 - 07
2d mo1·t ..... ............ . 6 70 - 93
New, 1st, 1937 . . . . .. . ,1 ... .
- . . . . 84½- 87¾ 84¾- 86½
78 -713,½ . . .. 74 - 74
t19¾- 72
60 - 71
N.Y.City&No.-Gen'l.6 65%- 66
76 - 79¾ 73¼- 76¼ 68 - 72½ 62 - 70
59¾- 62½ 62 - 64
58 - 6S
T1.·ust Co. rcccipts .... 6 65½- 60% 6;½- 73¾ 69½- 72¼ 72 - 80
fl6½- 71¾ 63 - 68 .. . . Assente<l ................ .
N. Y. Elevated-lst . .... 7 1'21½- 128 121½-123 121¼-122¾ 122½- 123 121:¼-122!,i 121½-122½ 117 -119¾ 117½-119 116%-119% 117,½-119 1177,,1\-111.l½ 118½-120<;
- . . . . 109 - 112 . . . . - ... . 110¾-110¾ 111 -111
N.Y.N.H.&H.-lst,1·g.4 112 - 112
.... - .. , .... - .·....... . . .. - ... . 101 -102
N.Y. & Nortb.-lst, g.:, .... - ....... .
N. Y.On. &W.-lst, g . . 6 107 -110 110 - 11091§ 107 -107½ 107¼-100 108½-109½ 100 - 110½ 109 -110 108 -109 106 -109 106 -108 107¾-101) lO~J-109
... . .. . ... - . .. . . .. - ... . .... N.Y. Susq .&W.-1st . .. 6 •91½- 92½ +92 - 95 *93½;- 94
Debenture, 1897 . .... . 6 *71 - 71¾ *60 - 69 '70 - 70 *j7 - 77
90 - O~¾ 91 - 92½
87 - 90
00½- i)2
00.½- 92
01¾- 94¾ 94 - 96¼ 93½- 95½ 92 - 93
- ... . 91 - 93
1st refund . . ...... . .. ... 5 . .. . 73 - 73¼
- .. · • 75 - 75
70 - 70 .... .... - .... 73 - 73
:ld mol"t., 1937 . .. . 4 ½ .... ...
.
50
50
50
50
45
37¼- 37¼ .... - . .• 45 87¼- 40
45 - 45
- .... 4.0 - 40
N. Y.&Tex. Land- Scl"ip . ... 10 - 10
N. Y. W ood&R.-2d inc. . . . . - .. .. 107 -107
104 -104
No. West. Tel,-1994.7 .... No1·J.& West.-Gen. M.ti 112 -113½ 113 -113 112 -112 74 113 -114½ 111 -112½ 115½-116 ... . - .... 114 -114 ···.· - .... 110 -110 111 -111 111½-111½
113 -113
New River-lst ....... 6 114½-114½ l:!.4¾-114% .. .. - . ... 110 -110,..,
- .. . . 99 -100 100½-100½ .... ; Im~. & ext., 1934 . .. . 6 102 -102 ... - . .. . 106½-106½ .. . . - .... 108 -103 .... A<li, moi·t., 1924 ..... 7 106½-106½ .... - . . . . 102 -104
2½- 3 •• .. - ........ Ohio Cent.-lncomes .... .... - .. . . 1¼- 4
- .. . . 100 - 100
Og. & L. C.-lst,con ... 6 .... - ........ - ... . 117 -118
- .. .. 114¼-115
Ohio & Miss. Con.s. t .. 7 118½-118~ 118 -118 118 -118½ 118½- 119¾ l!.8½-118½ 118½-119 116½-117½ 116 -116
Consol.. ......... .... ..... 7 118¾-119½ 118 -118 117¾-118½ .. .. - . . .. 117½-118).{i 117½-118½ 115 -116 114½-115 115 -115 114 -115¾ 1159,1-115¾ .... - 112 113¾-114
112
lll½-115
-114
113
-114
114
-116
114
-117
117
-117½
117
.
...
....
119
119
....
-119
118
7
.
............
2d, consol.
- ... 107¾-107¼ .... - .... 106½-106¾
1st, Springt. Div .... . . 7 109 - 111 110 -111½ 110¾-111¼ 110¾-112½ .... 87½- 87½ . . .. - . ...... _
JGcn. mort., H/32 . .. . ;) .... - ....... - ... . 100 - 100½ .... - ... 09¾-100 90¾: 99¾ ... . - ... . 95¼- 95½ 96¾- 96¼ 97 - 98
Ohio Rive1.·RR.-lst . .r; .... Ohio .Soutlte:. n-lst ..... ff 103 - 107½ 102 -105 104¾-lOll¾ 109 -111½ 111 -111¾ 103 -108 104 - 105 102 -102 102 -105 104 -105 106 -107 100 -J02
29¾- 33
81¼- 37
33¾- 36
81 - 37
35 - 40
35 - 42
42½- 50½ 40 - 46
40 - 45¾ 42¾- 47
2d, income ............. . 6 40 - 4;¼ 4l - 44
77½ 77 - 78¼ 76¾- 77¾
70 - 77½ 75
76½- 79
- . . . . 80 - 81½ 79 - 80
Omaha & St. L.-lst .. 4 .... 01·. R'y. & Nav.-lst ... 6 108 -109½ 100 -110 109½-110½ 110 -110½ 110 -112 111 - 112 109 -109¾ 109¼-111¾ 1011½-109½ 109 -111 110¼-111 110¼-11~ r,,
Debentures, 1887 .. .. ? . ... - .... 102¾-102¾ .... - ........ - ....... - ........ 99½-101½ 96½- 97½
99 - 101½ 99 -100
Consol., 192r; . . . . .. .. . a ~04 -106 102½-104¾ lOS,½-105 104¾-105½ 105 -105¾ lOQ¼-102¾ 101 - 101¾ 99 -101
98¾- 95
93¾- 99
90 - 96
89 •- 97
92½- 96
06 - 98
91%- 0314 94 - 97½ 97½-102% 07 - 99
0l'eg. ]mp. Co.-lst . ... 6 1:12½- 04½ 02¼ - 93
89%- 93
90 - 98¼ 91 - 96½ lll - 94
GS -101¾ 98~2-100¼ 96 -100
Oregon T1·ans.-lst ... 6 101 -lt,2½ 100 -102 100 - 101. 101½-104½ 100 -102
13.. -
•-
• Coupon off.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
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··---
RAILROAD BONDS.
1ss,-cont1nued.
BONDS.
JANUARY FEBR'RY.
MARCH.
APRIL.
MAY.
J UNE.
JULY.
AUGUST. SEPT'BER. I OCTOBER. NOV'BER. DEC'BER.
_ _ _ _ _ _ _ _ _ _ _ Low.Hil?h Low.High. i~ow.High Low.Htgb Low.High Low.High Low.High Low.High Low.High Low.High Low.High Low.High
Pacific Railroads.
Cent. Pac., g,, 1895 .. 6 .... - . . . . ... - ........ - .... 115½-116½ 117 -117¼ 117½- 1177/4 114¾-115 115¾-115½ 114¾-114¾ 114 -115 115½-115½ 115¾-116
t Gold, 1896 .......... 6 .... - ........ - ...... - . .. . 116¼-117 ll~-1!7 117%-118 1~4½-115 115¾-115¾ 114>,;i-114.¾ 114¼-116 115½-115½ 116 -116
Gold, 1897' ......... .. 6 .... - .... .. .. - ........ - .... !16¼-117 116%-117¼ 117%-1.i.8 114.¾-115 .... - .... 114½-115 110 -116 U5½-:115¾ llll -116¾
Gold, 1898 ........... 6 114 -11574113½-114½ 114 -118¾ 116¼- 116½ 117 -117½ 117%-118 114¾-116 115¾-116¾ 114 - 115½ 115¾-116 115¾-116 116 -117
San Joaquin Br ..... 6 112 -112 lll½-112 115¼-!15:¼; lUl -113¾ . ... - .. . 114½-110 114½-116 116 -116 . .. . - ... ... .. - .... 114 -114 11-l - 115
Cal. & O1.·eiron ....... ti 101 -101 10::. -101 101 -101 102 -102¼ 103 -103
- ... 100½-100½ 100 -101 100½-100½ 101½- 101¾ 101½-lnl½ 102%- 102¾
Se1.•ies B . .. ...... ... 6 .... - ... 103 - 103 .... - ... ..... - ... . . . - .... lOtl - 106 104 -104. .... - . . . . . .. - . . . .. .. - . . . . . . . - . . . . . .. - ... .
Lantl grants .......... ti 102½-103½ 103 -103¾ 104.½-105 102 - 103,½ 102¾- 103¾ .... - . . .. 100 -103 lOt - 105 105 - 105 .. .. - . . . 101¾-102¾ 101¾-102
lllort. bonds, 1936.6 .. .. - ... . .. . . - ... .. . . . - .... . .. . - . .... ... - . . .. . . . - .. ... ... - .... 101¾-102% 1027/4-103¾ 101 102 ¾ 102½-103½ 102 - 109¾
Western Pac ........ . ti 111 -112 112 -112 114 -116¾ .... - ....... . - ........ - .. ..... . .: .. .. - .... 114 - 114. 112 - 112½ 112 -112½ 112 ~112¼
No1.·tb., Cal., guar. 6 120 -120 . ... - .... ..
.. ...... - . ..... . . - .. . ... .. - . . ... ... - ........ - .. .. . .. - ... 118¾-118¾ 117½-117½ .... - .. . .
No.Pac,-Gen.lst, l,g 6 115¾-116% 115 -117 116½-117½ 117 -118½ 117~-118¾ 117½-118¼ 114¾-115½ 114¾-115½ 113¼-115¾ 114 -116 115¼-117 116 -118½
Gen.1st, I. g,, reir .. 6 . . .. - .... .. . . - . . ...... - ........ - .. .. 117½-117½ 118 -118 114½-114% 114 -114 114 - ll4 114 -114 110 -116½ .... - . . .
Gen., I, g,,2d,1933 .. 6 1037/4--107¼ 104.%-106¾ 106~-107½ 104%-105¼ 105 -105¾ 104%-105 105 - 105½ 103½-105¾ 101¾-105 96¼-101
99 -101 100¾-102
Dividend scrip .... .... ... . - ... . .... - ........ - ... . ... . - . . .... . . - . . . .
.... - .... 101 -101 101 - 101 99 -100 . . .. - . . .. 1031-.!-105}.(
St. Paul & No. Pac.ti .... - .... .. .. - .... 116 -116 118¾-119 118½-119¾ 111?¾-llOy.i 118½-119¾ 115 -116% .... - . . . . 116¾-116¾ 116½-117 117¼-118
James R.Val.- lst.6 !06½-107'4 106½ 109¾ ... . - ... . ... . - .... 110½- lll . ... - ... . .... - ... .... - .. . . . ... - ........ - .. . . .. .. - ........ - ... .
Spok. &Pal., S.F . . 6 .. .. - .... 106¾-106¾ ... - ........ - .... 105 - 105
.. . - .... . . . - ........ - . . . .... . - .. . . . .. . - . . . ..... - .... 101 - 103
Dul.&illan.-lst .. . 6 .... - ...... - .... . . . . - ........ - . . ..
- ....... - .... .... 99 - 99~ ... . - . ....... - ... ... . . - . . .. 103 -103
No, Pac.Ter,Co,-1st6 104 -105 104. -105 104½-105½ 105 - 105½ 105:½,-106½ 105½-107½ 100 - 103¾ 101 -102 101¼-102½ 101 -102½ 101½-102½ 104¼-104½
So. Pac. Cal-1st ..... 6 lll½-112¼ 110¼-1 ll¼ 112¼-112½ in -112½ 112½-113½ lff¼ -113¾ 113 -115 113 - 114¾ 112½-112¼ luS½-109½ 108½-110 110 - 110½
So Pac, Arizona-1st 6
- .... 110 -110 .... - .... 112 - 112 ... . - ... . .... - ... .. . .. - ... . .. . - . . . . . . - .... . .. . - . . . . . .. - . . . . ... - . . . .
So. Pac. N,Mcx.-lst 6 105¾-106¼ 105¼-106¾ 106½-106½ 106¾-106½ 108¾-10::J 109¾-110 107¾-108 . ... - ... ... . . - .... 108 -108¼ 108½-108½ lu9 -109¼
UnionPac,-1stl896.6 .... - ........ - ........ - . ... 116 -117 116 .-116,% 116¼-117 113½-114~ 114¼-115¾ 112½-115 114¾ ·115 114¾-115 115 -116¾
1st, 1897' ....... ...... 6 ... - . ... .... - ........ - .... 116 -117½ 116¾-117 117 - 117½ 114.¾-115-¼ 114¾-115½ 114 -JU¾ 114%-115 115 -115½ 115 -116%
1 st, 1898 .. .. ......... 6 .... - ., .... - ... . .... - ... . 116¼-117½ 116½!-117¾ 117 - 118 114¾-115¾ 115 -116¼ 114 -110 115½-116½ 114½-116¾ 115½-117%
1st, 1899 ........ ..... 6 114 -115 114½-115¾ ll5 -119¾ 117½-119 118 -118 118 -118½ 115 -U5¾ 116½-116½ 115 -117 116¼ -117 116¾-117 11~ -118½
Landgrnnts.......... 7102 -102¾ . ... - ....... - . . . . . . - . . .. 103:½-103½ ... . .... . .... - ....... . .. .. . - ........ - ....
- .. .
Sinking fund ......... 8 118¾- 1!8¾ 118¼-120 115 -115¾ 115½-117 ll6 - 11 6¾ 115 -l16½ 114 - 115¾ 114).ii-115½ 110 -111½ 110 -111½ 111¾-113¾ 113½-116¼
Registc1·ed .. .. ...... 8 .... - ....... - .... .... - . ....... - .... 115½-115½ 115 - 115 114½-114½ .. •. - ........ - ,. .. 109 -110 110 -113 .... - .. ..
Collat. Trust . . ...... 6 103¾-103½ .... - ... .. ... - ........ - ........ - ....... . - ........ - .... 106 -IOU 105 -105
. . . - . ..... - .... .. - . .. .
Coll at. Trust .... . .. ~ . ... - . .. . . .. - .. .. 10()¾-101 101 -102 .... - . .... ... - •. .• 106 -106¼ .... - . . . . . .. - . . . 95 - 95 ...• - . . . . 95 - 95
U., Pac.- lst, 1S9~.6 112½-114!4 lll½-111½ 112 -1!4½ 113 - 113¼ 113%-115 113 - ll4}( .... - .. .. 110 - 110 109½ 109½ 110 -110½ lll -111 110¾-112
1st, 1896 .. . .. . ..... 6 lll½-112 112 -1)2 113½-115 114 -114½ 115 -115 112 -112 lll¼-111¾ 110 -no l08½-110
, . . - . .. lll¾-112 lQS¾-111¾
Dem•, Div.-Ass' d 6 114 -115 115 - 115 l16½-116}f 117 -117¾ 115 - 115 114 -114 115½-116 110 -116 110 - 116 116 -116 ll3 -114 . . . . - •..
J 1st, consoi.. .. . .... 6 105~,-107 L05 -106¾ 104½-107 10·7 - 109 102!1(-105¾ 103 -103¾ 104 -104.¾ 102 -104 01 - 103 100 - 102 .99 -101½ 100¾-102
Ccnt.Ilr,U.P ...... 7'105 -105 .... - . . .. .. - . . . .. .. . - ... . .... - . . . . . . .. - .... . .. - ... 108 -108 103 -107 . .. .. - ... . .. .. - . .. .
At.Col.& Pac,-lst .6 1C6½-107 105¼-106 105 -106 106 -106¾ 106 -106 108 -110:½ lu8 -108 102%-100 104 -1 ~ 104 - 104).,_ .02¾-108 104 -106
At.J,C.&W.-lst,6 ... . - ........ - .. . . ... . - .. . . 106 -106 !05½-105½ ... - ..
- . . . .. . . - ....... - .... . ... - . . . . .. - .... 102¼-· 02½
Oreg,Sh.Line-lst .. 6 106½-107½ 102 -1037/4 101 -103 102%-105½ 100 -103% 1(12 103 102 -103
97½-100¾ 07¼-100
95 -100
97½-100
99%-100¾
Utah South.- Gen .. 7 .... - ........ - ... . 86½- 90
90 - 03
90 - 92
92 - 93½ 92½- 92¼ 92¼- 96
93 - 95
92½- 94
04 - 94 .... - . . . .
Ext'n, 1st, 1909 ... 7 b3 - 85½ 85 - 86:l,{ F6 - 89¾ 87½- 92
88 - 9~1 91 - 93
90 - IH
91 - 95
. . . - ... . ... . - . . . 91 - 91
91 - 92½
Mo. Pac.-lst cons . ... 6 114¼-116½ 114¾-116 114!):(-116½ 117½-119 115 -116½ t16 -117 116 -117¾ 114¼-115¼ 113 115 112 -114½ 109½-111¾ 109 -111
3d; 1906 .... ! .. .. .. . 7 122 -12~ 123½-124 125 -125 126 -126 122 - 123 121 -122½ 122 -123 .. .. - . ... 119 -119 119 -120 115 -116 115 -119
Pac. ot ll1o.-1st . . .. . 6 104.½-105 102 -102½ 102½- 102½ i02½-103 102%-103½ 103½-103¾ 103¼-103% l00¼-100½ 100½-101 1()()7/4-101¾ 101%-102¼ 10a -102½
2d, 1891 . . ...... . ... 7 109 - 110 108¾-109 108½-108½ 110 -llG . ... - .. .. 110½-110½ 105½-106 . . . - .. .. . .. - .... . ... - ... . ... - . ... 107¾-108
St.L,&S.F.-2d,cl.A6115½-115½ ... . - ... .. .. . - ... . .... - .... .... - .... . ... - .... 113 -113 . . .. - . . . . lu9 -109
. .. - .... 112½-113 11 3 -113
Class "C" ... ....... .. 6 114%-116¾?15½-115½ 115 -116½ 117 - 117¼ 113¼(-114~ 113½-114½ 113 -113 113 -114
12 -113 112% -113½ 110½-112¾ 112 -113!):(
Class "B" ... ........ .6 114½-116½ 116½-116¾ 115 -116 116½-117 114 -114 t14 -114 113 -113 113½-113½ l12 - 113 . . .. - . . . . llQ¾-113 112 -114
P. C, & O.- lst ..... . 6 . . . . - ... . 117 -117 117 - 117 . ... - .... 118 -118 .... - . ...... - ...... .. - ....... . - •.• ..... - ........ - . . .. .. - .. .
Equipment ........... 7' . ... - . . ...... - ..... .. . - . . .
- ........ - . ...
- ........ - .. .... . - .... 107 -107 107 -108 ... . - .... 105 - 105
G·eneral mort ....... . 6 109½-lll 108½-lW¼ 110 -111~ 111¼-113 113 -115 114 -115 lll¾-113½ 113 -114 112½-113½. 113 -114¼ 113¾-114 114½- 115
General mort . ....... ~ .... - ... . . .. - ... .. ... - . .. 99¾- 101:}s 100¼-101¼ 100¼-101½ 98½- 99¾ 99 -101
97½-100¾ 99¼-101¼ 100 -101 100¾·102
So.Pac.ofMo,-1.st . .. . 6 101½-104½ 101½-101¾ 102 -102½ 102 -102½ 102½-103¾ 103½-104 100 - 100¼ I00¾-100½ 100½- 101¼ 101¼-101½ 101%-102¾ 102½-103
St.L.K.&S.W,-lst ... . - ... . 107!1(-109 .... - ........ - . .. . . ... - .... . . . . - . .... . . . - . ..... . - . . . ... - ...... .. - ..... ... - ....... . - . . ..
Texas & Pac,- lst ... 6 WO - 106 112½-112½ .... - . •. . . .. . - .... 1011 -109 .... - . ....... - ... . 107 -107
. . . - . . . . . . . - . . . . . ..
. .. . - . .. .
Consol. Tr. r'c'pts .6 97¾- 99
99½-lO'l½ 99 -102¾ 100 -103¼ 102¾- 103¾ t02 -J.03 101 -102.½ 99½-100 100 -100½ 96 - 97
97 - 97 100 -100
Jnc.&land gr,,reg .? 61%- 62
61 - til
63½- 64
63¾- 63¾ ... - ... .. ... - .. . .... . - . . . . ... - . .. ..... - ...... . . - . ... .... - .... . ... - ..
Trust re-ceipts : . . . . . 59¾- 64 · 58½- 66½ 61 - 65% 62 - 64 62 - 63¾ 1:5½- 62
50 - 58
47 - 53¼ 4.3 - 53½ 44½- 49
44 - 52
45 - 49½
lst,RioGr.D,tr.1.·ec.6 67~- 71¾ 64 - 75% 71 - 75
74 - · 77¾ 76¾- 78½ 74 - 78¼ 71½· 75½ 07½- 72
58 - 7l
59½- 64% 64½- 68½ 64½- 07
Gcn.M.& Ter, tr.rc.6 67 - 69½ Of\ - 69
65 - 69
68 - 72
71 - 71¾ 70½- 71½ .... 62½- 62½ 56 - 62
56 - 62 · 60½- 62 .. • • - • • • •
Pennsylvania RU.Penn. Co,-lst, cp . .. 4½ 104 -:108 104¼-105% 104¾-105½ 105½-106¾ 106¾-107¼ L07 - 107¾ 103½-105 104 -104 103½-104 104 -105¼ 105¾-106½ 106¾ -107½
Registe1•ed ........ .4 ½ 103¾-104.¾ 104 -105 105 - 105 . . .. - ........ - . . . 107¼- 107½ 103 -10:l½ 104 -104c½ .... - .... 104 -104 104½-104½ 104 -106
Pitts,C .& St.L.- lst 7' .... - .. .
- ..... .. - • ···· .... - ....... - .... ... . - .... .... - ........ - ........ - ........ - .. . 116 - 118 . ... - . . . .
.Pitts,Ft.W,&C.-lst.7 13a -141 140½-140½ Hi -141 141 - 141 141 - 141 142 -143 139 -141 140 -140¾ 141 -14.1 14.0 - 141% 142 -142 141 -141
2d., 1912 ....... .. . . ? 137 -138½ !40½-141 139¼-139¾ 13$½-139¾ 139 -18t1½ 141 - 141 13i½· 139 137½-138 .... - ........ - .... 138~-UJ9¼ 139 -140
3d., 1912 ... .. ........ 7 13tl -138½ 138¼-139 139 - 139 135 -136¾ . ... - .. .. 135¾-135¾ 135 -135 .. .. - ..... ... - ... . ..• - . . .. .... - ... · ·· Clev.& P.-Cons,s.1d,7 128 -128 129 -129 129½-130¼ 129½-129½ 127 -127 128 -129 128¾-129 ... . - .... 127 -128 128 -128 127¾-127¾ 127 -127
- 4th, 1S92 . . .... ...... . 6 .. .. - . . . . ... - ... . 107 - 107 107 -109½ . ... - .... 108¼-108½ 106¾- l ~..... . - . . . . 107 -107 10~-106):1 107 -107½ 108 - IOOr
St.L,V.&T.H,-lst.7 .. .. - .. 118 - 118 . .. . - .... .. . - . . ...... - ... . 118 -119 112 -112 .... - .... 116 - 116 ... • - . . .... .. - . . .. · • - · · · ·
Peo. Dec,& Ev.-lst . . .. ti 114 - 114 113 -113 110 - !12¼ . ... - .... lll¾-114 115½-115½ 113½-113½ 113 -113½ 110 -11 2 113 -113 LOO -112 109~-109½
2d, 19~i?' . .. .. ... ........ ~ . .. - . .. ... .. - ........ - . ... 87½- 87¼ 85 - 87 85 - 87~ 83%- 86
76½- 80
70 - 79½ 71 - 77
73 - 78
70 - 71
Jnco1ne ... ... . . .. ....... . 6 81½- 85 82 - 85
83 - 85
87 - 87 . .. . - ........ - .... . ... - .... . . - ..... ... - .... . . .. - ... • •· • - • • •· · · · · Evansv. Div ......... .. 6 110 -110½ 110 - !12 108 - 109 110 -110 111 -112 110 -112 111½-lll½ ... - .... 106%-106¼ 105¾- 105¼ .. . . - . ... 101 - 103
Evansv. Div.- lnc .... 6 79½- 84% 81¾- 85
84 - 86
87½- 87½ 86 - 86
•.• - .. • . .. . - •. .
. . . - . . . . . .. - . .. . .. . . - .... • •·· - • •· • · • • • - • ••
Peol.'ia&Pek.Un,- lst.6 112½-112½ . . . . - ..... ... - .... l~-113 .... - . ...... - ... .... - .... t08 -1<81 4 108 - 108
... - . . .. . ... - .. . .... . - .. . ,
!ld . . .. ................... 4½ 72 - 75 . . . . - . . . . . . . - .. . . . . . . - . . . . . . . . - . .. . . . . - . . . . 75 - 75 78½- 78½ . . . - . • . . . . - . . . .. · - · · · · · · .. - · · ·
Phil.& Read.- ~d ser.~ . . .. - . ... .... - ........ - ........ - ....... . - ....... ·- .. .. . . - . . . 6a - 63
.. - . .
t12 - 62¼ 67½- 'iO .... - ... .
Income mort., '96 .... 7' ... . - . . . . . . - . . . . .. - . . . . . .. - . . . . . .. - ........ - . . . . . . . . - . . . 64 - 73 68¼- 75½ 70 - 75¾ 78½- 85'¼ 62)4- 82¼
Gen, mort., coup ..... 6 .. . . - ... . 104½-104½ .. . - ........ - ..... . .. - ........ - ....... - .. .. . . .. - ........ - . . . .
- .. . 109¼-109¼ 109½-109¾
Deferred income ....... .... - . ... ... . - ...... . . - ... . . . .. - . .. . . . .. - ........ - .. . . .. . . - . . . . . .. - . . . . . . . - . . . . 20 - 20
21¾- 25 .. .. - •...
Pittsb. CI. & Tol.- lst .6 .... - .... 112 -112 115 - 115½ 113 -114 .... - ........ - . . .... .. - .... 114½-114½ ll4 -114 105 -105 107 ·- 107 108½-108½
Pitts.Brad,&Buf,lst.6 . . .. - .... .. - ... . . . - .... 88 - 89
.. - ...•... - .... ... . - . ..... . . - ........ - . ... . . . . - ... . •·· - •··· ··· · - ····
Rich. & All,-Tr. rec .. 7 66 - 71¼ 67 - 72½ 68½- 72
71¾- 77
75½- 77
66 - 76~ 65 - 72
60 - 66½ 56 - 65¾ 55¾- 60
57 - 61
57 - 58½
Rich. & Danv.--Cons .. 6 113 - 113½ 113 -118¼ 111½-113 113 - 113¾ 114 -114¾ 114½-115 110½-112 lll),ji-112¼ 109 -110½ 110 -115 112 - 115 110 -1 12 /
Debenture ......... . ... 6 107 - 107 106 -106~ 106 - 113.½ 112 - 114 118 -114 .... - . . . . . . . . - • . . . . .. - ...... .. - ........ - .. .. · ·· · - · · · · · · · · - · · · ·
Deb, ex. cp ... . . ... .. .. . . ... - ........ - .. . ... .. - ... . .. .. - .. . . 93½- 94¾ ... . - .•....•• - •....... - . ... .... - ........ - . .. . •• - •••• · · •• - · .. •
~ D.eb, assented .... .... .. .. - .... 106 -107¼ 106 - 110
108 -110 ... . - . . . . .... - ........ - ... . .. . . - .... .... - ... .. ... - ... •·· . - •·· •··· - • •··
Con. M., irold, 1936 .~ ... - .... .. . . - ........ - ... . 92 - 93 91 - 92½ . . .. - •••••••. - .•. . ... . - . •• . . . - ...• · •· · - · · . . .. · - · ·•· · · · · - • • · •
h,ich.& West Pt. Te1· .6 . ... - ... .... - ........ - ....... . - . .. . 95 - 98½ 00 - 98 96 - 96¼ 85%- 87½ 78 - 87 82½- 84
84 - 89½ 85 - 89
Roch, &l~ittsb,-lst ... 6 .... - .... 114 -114 117 -120 120 -120 . ... - •... 120 -120 120 -120 117 -117
.. . - .... .. . - . . .. L15½-117 117 -117¼
Consol., 1st ........... . 6 108 -108 .... - •. . ..... - .. .. 117 -117 115 -115 .. .. - ........ - .... 113½·113½ .... - . . . 113 -114¼ 114½-115 112 - 112,
Rome W. & Oir,-lst ... 7 110 -110~ .. . . - .... ... - .... 111 - lll 112½-112½ 108~-109 . . - ........ - ... ..... - .... . . .
107½-109 106 -106
Con., 1st, ex. .... ...... I) 102,4-103¼ 102 -103 102¾-104¼ lOl¼-102¼ 102 -10~ 100¼-102 101 -101¾ 100½-102 101¾- 103¼ 98 -100 100¾-103 101½-102¼
Income .............. .. ... 7 102 -107 .... - .... ... . - . .. ..... - .... ... - ....... . - ....... - . ....... - .... ... .
... . . . .
. ...... . - ... • . .. - •· •·
8t. Jos.&G'd Isl.-lst .6106¾-107½ 106 -107¾ 105½-107% 107¼-108½ 104 -105¾ 103½-104% 102¼-104 99 -102
97 -100¾ 92 - 98
95 - 98½ 97½- 1,8¼
:ld, income .. .... ..... . ,5 71~- 73½ 72 - 72
70 - 70
70 - 75
70),r 7!¾ 70 - 72
65 - 65
t. 5 - 65 ..•• ... • - . .. .
- • • · •· • - ·•··
8t, L. Alt.& T.H.-lst.'7 114 -114 114 ·114 . ... - .... U5 -115 .: .. - •. .. 116 -116
- ... . 113 -113 113 -113 . . .. - .... 113 -113 .... - ....
:ld, prc1. .... ............. ,- . . . . - .... 110 - 111 110¾-112¾ 111 -111 112 -112 1!2¾-112~ 112¼-112¼.. . - .... 107 -108 109½-109½ 108 -lOO!J:( 108 -108~
~d, income .......... .... ? 107½-108 107 -107 107½-107½ 107½-107½ 105 -106 lOl> - 105 107 -107 .... - ... . 107 -107 105 -105½ 103 103½ . . . . - ... .
J llividend bonds ... ... . 6 35 - 38 . . . . - . .. . 3l'.- - 85 . • • • 35 - 47½ 48 - 4S
40 - 45
4u - 42
- . . . . 38 - 37
38 - 42
40 - 41½
Bell. &So. lll,-lst .. S .. .. - ....... - .... ....j •_ • • •• 124 -124 . ... - ~..
- ........ - ...... .. - •... 116 -117 ·.·.· .· _ ·. ·. ·.·.]1.l· ·8· =11·8··· 1.1.6 -117
Bell. & Caron,-lst-6 . ... - . . . .... . - .. 113½-113½ .... - ... . . . . . - .. . . . .. - .. . . . . .. - .... .. - .. . . .. ..
. . ..
- ····
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
BAILIUJAJ) ~!30N1JS.
188,-Concluded.
,JANUARY FEBR'RY.
BONDS.
MARCH.
APRIL.
MAY.
JUNE.
JULY.
AUGUST. 8EPT1BBR. OCTOBER NOV'BER 1'EC'BlllR.
- - - - - - -· - - - - -----1-----1---- - - - - - - - - - - - - - - - -
Low.High Low.High Low.Blgb Low.High Low.High Low.High Low.High Low.High Low .High Low.High Low.High Low.High
·---
St,L,A1·k.&Tex.-1st.6 100 -100¾ 98½-100¾ 99½-101¼ 100½-102¾ 99 -101¼ 99¼-100% 98¾- 99~i 96¾- 99¾ 95½- 99½ 97¾-99¾ 96¼- 98½ 97!!(- 98¼
~d., 1936 .. ...... ....... 6 53¼- 55¼ 49½- 54 50½- 53½ 50 - 53¼ 49¾- 52¼ 44 - 50% 45 - 47 41¾· 46
85 - 45
89 - 44
41½- 45½ 40 - 44½~
St, L.& Iron Mt,-lst .. 7 118¾-115 111 -111¾ 110 - 111½ 110¾-112 111½-112 lll½-112 112½-112½ 108 -109 107 -108¼ 107 -108¼ 108¾-109)/4 108½-109
2d, 1897 ................ 7 118 -114¾ 114 -114 114 -114½ 114 -lH 109 -111½ 111 -112 112 -114 118½-114 112 -118 110 -114 109 -110 108%-110
Ark, Branch . ..... .... '7 112 -112 lll½-118 111½-118 112¾-114¾ ....
.. . 109½-109½,110 -112 .... ...... - .... .. . .
.. .. 110 - 112 107¾-109½
Cairo &Fnlton-lst .. 7 106½-107¾ 106½-107 106½-107 106~-107½ 108 -108¾ 108½-109¼ [104%-105¾ 105 -105½ 104 -105½ 105 -105½ 106 -106½ 105½-109
Cairo Ark. & Texas. '7 111 -112½ lll½-112½ 112¼-113 118 -1 13 116 -116 111½-.lll½llll -111¾ 109 -110 109¼-110½ 108 -112½ lll½-111½ .... - ....
Gen, consol, & 1. g ... . 5 95 - 99 96 - 98½ 96 - 98 04 - 95¾ 94 - 95
94 - 95
98 - 94% 93 - 96
92¾- 96% 89½- 94
90 - 94
91 - 94
St. Paul & Dul.- lst .. 5 .. - ... .. . - ........ - .... 112½-112½ ....
112¼-113 1113 -113 .... - .. ..
.. .. - ....
St. P. Minn.& M.-lst .. 7 110!,a-110½ ... - .... 114 -115 117 -118 116 -116 116¼- 116¼1113½-lH¼ 112¼-118¾ 112¾-112½ 112 -112¾ .... - ... ..... - .. ..
2d mortg., 1909 ..... . 6 119 -120 118 -120 119½-121 118½-118½ 119 -120 118½-120¼ 119½- 120 119¾-119¾ 115½-ll8½ 112½-117 115½-116½ 115½-116¼
Dakota Extenston .... 6 119 -119½ 118½-120 119¾-120 120 -120¾ 118 -119 ll'i½- 119 118½-119 1.16½-118 115 -115 118½- 118½ 115½-116 115 -116
ls~ consol.; coup .... 6 119 -120 118½-120 118 -120 119½-120 119½-120¼ 119½-120 116¾-117¼ 115 -117 114½-115¼ 115 -118 116½- 117 115½-117
Reduced to ....... .. 4½ ... - .. .. 98 - 99
99¼-100
91)¾-100½ 100%-101½ 100½-101!,a 98¼- 99
98¾- !'J9¾ 98¾- 99¼ 98 - 98½ 98¾- 98½ 98 - 99 (
SanA.&Ar.P,,1916 .. ti ... . - ....... - ...... .. - ...... .. - .... 90½- 90½ 91 - 91 .... - ........ - ... ... .. - ........ - ....... - ........ - ....
1926 .... ......... ..... .. 6 .... - ........ - ........ - .. .. 02
92
92 · 92¾ 92½- 92½ 91¼- 91½ .... - .. .. 90 - 90 .... - .. . .. .. . - ... ..... Scioto Vo.llev-lst,con.7 .... - .... . . . .
.. .. *68 - 65 *60 - 65 *60 - 60 .... - ........ - .... *55 - 55
... - ........ - .... . ... - ...... .. - :::: I
Sliennndoah V o.1.-lst. 7 96 -100 96 - 99½ 97¾- 97¾ 97,½-100 . .. . - . . .. . .. . - .... . .. , - .. .. . .. . - . .. . . .. . - .. . . .. . . - . .. . . . .. - .. .. . .. - ....
Trust 1·eceipts ...... ........ - . .. . . . - . . . 96½- 9"½ 96½-107½ 107 -109 107½-109 105 -106 103½-103½ . ... - ....... . - ... . 92½- 97½ 91½- 92
85 - 37
Gen. mo1·t ......... .. .. 6 89½- 43 89 - 39½ 87 - 40 8S - 52~ 49¼- 55
50 - 54½ 477,1i- 52
45 - 46½ 82 - 43½ 33 - 38
84½- 37
South Carolino.-lst ... . 6 107½-107½ 106¾-107¼ 99½-106½ 98½- 98¾ 96 - 97 V6 - 99
98 - 98
97 - 9';¾ 96½- 99
95 - 96½ 95 - 96
95 - 96
2d, 1931 ..... .. . ..... ... ti 80 - 80 .... - . .. .
. .. ..... - .... 65 - 65
66 - 67 .... - . ... .. - . . . .
- .... .. . . - .. . 65 - 66 .... - ....
Incomes . ........ ....... 6 28½- 28,½ 24 - 26
19 - 24
25 - 25½ 19 - 20
20 - 20 .... - .... 15 - 15¾ 13 - 15
13 - 13¾ 13 - 16½ 15 - 16
Tenn.Coal&I.- 1901.6 104 -104. .. .. - .. . . . . . - .. ...... - ... . .... - .... ... . - ...... .. - ........ - .... ... . - ....... . - ·• ·· ... - . ... ... . - . ...
So. Pitts., 1902 . .. ... 6 ... - ... . . . . - . .. . .... - ........ - .... 107 -107 .. . . - .... .... - . . . . . . - . ....... - . . . . ... - .... 100 -100
_
Bir. Div., 1st . .. .... . . 6 . ... - .. . . 88¾- 90½ 8!} - 91
90 - 93
88 - 91
85 - 89
83.½- 86
80 - 85
74 - 81
75 - 79
rn - 84¾ ·82½Tex.C,-lst,s .f,,1909 .. 7 77 - 77½ 77 - 80 .... - .. .. 78 - 78 .... - ... . 78 - 81
80 - 80
.. . - . ....... - . .. . . .. - ........ - . . . . 70 _ 70
1st mort., 1911 .... .. ?' ... . - ... . .... - .. .. ... - ... . .... - .... 77½- 80 79 - 79 .... - .... .... - .. . . . . .. - ........ - ... . . ... ·· ........ _ ... .
Tex.&N.O. -lst,1905.7 .. .. - ... 115 -115
. . . - ... ..... - ........ - ........ - .... 115 -115 . ... - ........ ... . - ..... . .. - .... . . . _ ... .
Sabine Div,, 1st ... ... 6 ... . - . .. . 103½·104 l00½-104½ 103 -lOS,½ ,103¼-lOS¾ 104¾-104¼ 10:3 -104 .... - .... 100 -102½ 100 -102 100 -102 102 -102
Tol,A,A.&N.M.,lst.6E9-92 89-90 89%-90¼90 -97
93-100
97-99
98½-100
97½- 99½90-97
90 - 93½ 89 - 90
89½- 90
Toi.A.A.& G.T,-lst .. O 103 -103 '. 04¾-104¾ 104½-105 104¾-105 105¾-107 107 -109¾ 106 -107 104 -105 102½-105 100 -105 lOC½-102½ 101 - 102½
Toi,& Ohio Cent.-lst.5 95 - 99¾ 96½- 98
95 - 98½ 97½- 98½ 97½- 99% 98 - \J9¼ \!6 - 9tl¾ 95½- 96
95 - 95
91 - 95
92¾- 95
94½- 95!,a
Tol.P.&W.-lstt1·.ct .. 7104 -110 108 -112 107½-109 107¼-108½ 107½-lOt!½ 108 -l09½ 108,½-109
70 -70 .... - ... . 82½-90
Tol.St.L.&K.C, -lst.6 ... - ........ - .. .. 96¾- 97% 95½- 97% 95 - 96¼ 94 - 95¾ 92 - 96 93%- 94¾ 91½- Ul¾
Virginia Midland-Inc.ti 97 - 99 .... - .. . . 96¾- 97 95 - 96
95½- 98!,a ... - .... 96 - 96 . ... Gen. mort., 1936 . . .. 5 .... - .... 90 - 90 88%- 90
86 - 89
87½- 89¾ 86 - 88¾ 79½- 80
75 - 80
77 - 82½
80
VulleyRy, ofO.-C on .6 105 -105
- .... 104 -1.05 105,½-l.06 .....
Wub. St, Louis & Pac.Gen. mort., tr, 1·ec . .. 6 49 - 60 49½ - 52½ 52 - 5tS 55 - 58
57¾- 60¼ 53 - 60
50 - 53
51 - 55
55¾- 55¾ 52 - 52
56 - 57½ 50¼- 50½
Chicago Div ............ :, 91¾- 94
89 - 95
98¾- 96½ 96½-100½ 100)4-104¾ 100 -102½ 98 -100¼ 98 - 99½ 94 - 100
98½-lOi½ 99 -108½ 97¼-102
Detroit Division ..... 6 .... - ... . .... - . ... 91 - 92
91,½- 98½ 98 -100½ 97 - 97
9i - 95½ 93 -102)4 JOO -104 103 -108~ 107 -107
Wo.b'sh-Mort, 1909.7 85¼- e5¼ 86½- 88 84½- 88½ 88½- 90½ 93 - 97 90½- 90,½ !JO - 90
82 - 85
90 - 90
82 - 85
87 - 94
90 _ g2½
Toi.& "V,-lst, ext'd.7 ll0¾-113½ 112 -113½ ll2½-118,½ 118½- 116 116 -117)4113 -114½ 114¼-114½ 115 -115 113 -114½ 114¼-115 110 -112½ 110¾--lH
St. LouisDiv ......... 7 100 -111½ 109!,a-111 110 -111 110¾-114½ 114 -116 112 -113 111 -112 110½-110½ 110 - 110½ 113 -115 110½-111 108 -110
2d, extended . ... ...... , 90 -103¼ 90½-101½ 101½-102¾ 102 -104)4105 -108 105 -105 99 -102 100 -103 98 - 90
97 - 98½ 96 - 96
90 _ 94
Cons., conv ...... ... 7 (,0 - 95½ . . . . - .. . . 84 - 90¾ 92 - 94¼ 94 - 99 93 - 93 88 - 90 85 - 85
83 - 05
80 - 90
90 - 00
92½- 92½
Gt. Western-1st ...... , 109 - 112},f lll½-113 112 -113½ 113¾-115½ 115¾-117½ 113 -114 114 -114½ 116 -116 114 -114 114½-114½ 109½-112¾ 109½-UQ½
2d mort., 1893 ..... 7 99 - 103¼ 99½-101¾ 101¾-102½ 102 -104 105 -107 102 -105.½ 09%-102½ 98 -101
98 -100
f/4 - 99
93½- 96
90 _ l/5
Quincy & Tol.-1 st ... 1 .... - ... .. ... - ........ - . . . . .. . - .. . . 96 -J.03 99 -106 . . . . - .... 100 -100 100 - 100
St.L.K,C.&N.-RJ.E.7 110 - 112 111 -112½ 109 -111¼ 110 -111¾ 112 -112½ 112½-113 112 -114¼ 114 -114
- .. .. 110 -112 111 -111
Omaha Div., tr.rec .'7 100 -101½ 100 -1<8½ 108½-110 117½-118½ 1187-(-125 122¾-12474 121¾-125 119 -119
St. Chas. Bridge .... 6 103½-103½ 103½-108½ 104 -104 104 -106 107 - 107 .. .. - .... ... - ... . 106 -106
- .... 112 -114½ 114 -114
North.Mo.-lst .. : .... . 7 114¾-114¾ 115½-llf\ !17 -117¾ 117½-118 117¾- 118½ 118 -118½ 113½-113½ 112 -112
Warren-2d mort ...... 7 .... - .... .... - ........ - ... . ... . - ...... . - .... ... . - .... 120 -120¼ .... West Sho1·e, guar ...... 4 102¾-103¼ 102½-108¾ 102)4-103 102¾-108¼ 103¾-104 103 -104¾ 98%-101¾ 98¼-100
97 -100
98½- 99¼ 98%-101 101 -102
Registered ............. 4 102%-108¼ 102½-108!,a 102¾-!03 102½-103!,a 103 -104 x lOl-104¾ 99¾-101¼ 98½-100 ~77/4- 99½ 9R½- 99 98¾-101
!l~-1011);(
"est, Un. Tel.-Coup . . 7' 119½-119½ 116 -118½ 119 -119 120 -120 . ... .. .. - .... 116½-116½ 118 -118 118 -118 115½-115½ 117 -117
Registered ............ , ... . - ... 119¼-119¼ .. . - .... 120 - 120 118 - 118
- .... 116½-118½ 118 -118 .... - .. .. 119 - 119 .... - .... 117 - 117
Wheel.&Lake E,-lst,5 .... - . 101 -102½ 1007/4-102 100 -101¼ 100 - 101½
83 ..
·78 _
• Coupon off.
1888.
BOND S,
JANUARY FEBR'RY.
MARCH.
APRIL,
MAY.
JUNE.
JULY.
AUGUST. SEPT'RER. 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 L C> w.High L C>w.Hl~h
Am. Wat.W. Co., lst.. 6 103¼-lfi3¼ .... - .. ..... - .. .. .. - ........ - . ... 108½-1C3½ 103!,a-103¾ . ... - ......... - .... 104½-104½ .... - ... ..... - .. ..
Atlantic & Pac,-lst ... 4 80 - 82 80¾- 83 81 - 81½ 80½- 83¼ f2¼- 84
82¾- 83% 81¼- 8:&
81 - 82
81½- 83!,a 81½- 82½ 79½- 81% 60 - 81½
Income ... .............. 6 26 - 27½ 26 - 27¼ 21 - 25¾ 19 - 25
19¼- 24½ 19 - 20¾ 20 - 22
21¾· 25¾ 23½- 25¼ 21½- 21¾ 19½- 22½ 19¾- 22½
At,T.&S.F.-Col.tr,i'.i .... - .. ... ... - ....... - .... .... - ... ...... - .... . ... - ... . 96¾- 96¾ .... - . ...... - •.. .. .• , - ... 86½-86½ .... - ... .
Chtc,S.F.&Cal.lst.5 .... - ........ - .. .... .. - . .... ... - ........ - ....... . - .... 101 102¼101 -101¾102 -10~'¼102 -102½ 101 -101 .... - ..••
.Bo.It, &O.-lst, P.Br .. ti .... - ... . . . - ........ - .... . ... - .... 118 -122 123 -123 121 -123 123 -123 123 - 123 .... - ... ..... - ........ - .. ..
Gold, 192.'.i, coup ..... :i 108 -111 107¾-108½ 105 -107¾ 106 -107¾ 107½-108½ 108 -109 110 -110 108 -109 108 -108½ 106 -107½ 107¾-109 108½-1~
Gold, 1925, reg ...... ;'.i .... - .... 108 -108 . ... - ....... - .... 107¾-107½ .. .. - . .. . . . . - ... . 105 -105 105 -105 105 -105 .... - .... 105 -105
Con. gold, 1988 ....... :i .... - . .. . .. . - .... .... - ........ - ........ - ... .... . - ........ - . .. . .. . - .... 108½ 108½ . ... - ........ - ........ - .. ..
Beech Creek.- lst, g .. 4 . ... - ... ... .. - .... . ... - . ....... - . .. . 83¾- 86 .... - .... . .. - ... . 85¼- 85¼ 84 - 84 .... - .... 85 - 85 • •• • - ... .
Bost. H.T. &Wes.deb.i'.i 98 - 99 100 -100½ 98 - 98 97 - 99
99 - 99
99½- 99½ 99½-100 .... - ... . 97½- 98
97½- 98¾ .... - .... 98 - 98¼
B'klynEl,-lst,1924 .. 6 105 -106½ 105 - lOtl 105 -105¾ 103 -106½ 106 -107 107¼-107¾ 108 - 1C9¾ 109 -110 108½-110 105 .-108 106½-108 108 -108~.C
2dmort., 1915 .... 3•:i 81 - 81¼ 81.¼- 81½ .... - •••• 80¾- b6 86¾- 86¾ . . . - ........ - ... ..... - ........ - .. ...... - ... . . .. - ........ - . .. .
Bur. C.R. & No.-lst .. :i 105 -106% 9S -106
99 -101
99 -103 102¼-103
li5½-101
95 - 96½ 95¾- 96½ 94 - 96¾ 91 - 94½ 91 - 95½ 91¾- 93
Cons . 1st & col. tr .. . ~ .... - .... W - W
95 - 95
87 - 88
... - ... .. .. - ... 82 - 82
88 - 88
85 - 85
... - ........ - ........ - .. ..
C,Rap.J,F.&N,·-lst,6 105½-105½ 1.05 -105 .... - .... . ... - ... .. ... - ........ - ........ - ........ - ........ _ ........ _ ........ - ..... ... _ ... .
1st mort., 19~1 .... ~ 97¾- 97¾ .... - . .. . . . . - ... . .... - .. .. .... - ... . .... - . .. . ... - ... .. .. - ........ - ... .. ... - ........ - ........ - ... .
Cahaba Coal & M.lst,7' .... - ... . .... - ........ - ........ - ........ - .... .... - .. .. . . .. - . .. . .... - ... ... .. - .... 110 -110 .... - .... ... - .. ..
Centt·nllowa- lst ...... '7 79 - 83 .. . - . . . . 75 - ~ . . .. - .. .. 72 - 75½ 75 - 77½ 78¾- 82
80¾- 82
80 - 81
SO - 84¼ 81 - 82½ 82 - 83
Consol., 1924 .... : .... 6 50 - 50 47 - 47 . .. - ........ - ........ - .. . . ... . - ........ - ........ - .... 45 - 45¼ .... - ........ - . ....... - ... .
Cent. R.R. & B., Ga .. i'.i 99¾-101½ 100¼-1013,t 100 -101 100¼-101¾ 98¼-100¾ 100¾-102 102 -103¾ 103½-103¾ 103¾-104 102½-102½ 99 - 99 100 -100
Cent.otN,J.-lst,1890.7 107!,a-108½ 104~106 lot3-t-l06 105¾-106¾ 106!,(-107 107¼-107¼ 107½-107¾ 104 -104¾ 105¾-105½ 105 -105½ 105!,a-105% 105½-106
Consol,, 1899 ......... 7 lll½-117½ 116~-117¾ 117 -117½ 116%-117 117½-119 120 -120 119½-119½ .... - ........ - ... . 121 -121 120½-121 120 -121
Conv,, 1902 ........... 7 115 -120 120 -lil .... - .... 122 -128¾ 120¾-121½ 122 -122 123 -123 .... - ... 122½-122½ 122¼-123 120½-120½ 121½-122¾
Conv. debenture ...... t; . .. . - ... . 102 -102 .... - .... 103¼-104 .. .. - .... 105½-105¾ .. - .... 105¼-rn5½ .... - ........ - ........ - .. . .... - .. ..
Gen. M., 1987 ........ ~ 98 -101 100%-101½ 100¾-101¾ 100¾--102¾ t00½-105 105¾-106¾ 103½-105¼ 104¾--105¼ 105 -105¾ 105¾-105¾ 105¾-106;14 106¾--108%
Registered . .. ... .... ~ 97½-100½ 100¼-101¼ 100 -101¼ 100¾-101¾ 101 -103¾ 103¾-105 103½-105¾ 104¾-105 104%-105 104¾-104'¼ 104¼-105½ 105¾-106%
Leh.&W,B,-Assent 7 113½-114¾ 114½-114¾ 112¾-114 112¼-113½ 118!,a-114¾ 118 -lU 114:J4-114¾ 115¾-116 114½-116 11~-117 116½-117 114 -115¾
Am. Dock & Imp ..... . ti 101½-102½ 103½-105 104¾-105½ 105 -107 106¾-1077,1i 107½-109 107 -107¾ 107 -107 106 -107 107 -108½ 107¾-108¾ 108¾-109¾
Ches. & OhioPurchase moneyf'd .. 6 1110 -110½1105¼-114¾ .... 113 -118 .... - . . . ... - .... 112 -113 112 -lU 114 -lU
.. . - .••
Series A .... ............ ti 99 -100 101¾-108 108½-105 104 -105½ .... - ... . .... - . ........ - .... 118 -113 113 -114 .... - ........ - ... . 114 -114
Coupon oft"..... ...... . .. .. - ....... - ........ - .... 102 -103¼ 104 -107 104 -104 .... - .... 112 -112 113 -118¾ lll¾-112~ 114¾-115 116 -115
Series B ...... ......... 6 •67¾- 611 ,•6~- 70¾ 'G2¾- 89 ,•68 - 64 *66 - 67 *68¼- 68¼1 • ... - ........ - .... . ...
... - . .. .... - ... . ... - .. ..
Reorgan. com. cert.. .. • . - .. .. .. . • - . • .. 66 - M
66 - 66
67 . - 6~ 67 - 68½ 69M- 70½ 71¼- 72
75 - ~ 78 - 79 • • .. - • •• • 7~- 79),(
Exten. coup., 1986 .. 4 6 ~ 71' MJ(- 703-t &8 - ~ 62 - 68 67 - 67 66 - 66 .••• - .... 78 - 78 .... - .... . ... - ........ - .... .... .- ••••
1
1
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• CoUJ>OW' fltf.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
I
f.RAILROA.D .BON.DS.
=:::=====--=::::=::====================:::-=======-----==--===-=-=-=-=-=-=---============:::::::==:::::::::::::::::::::.:::=::::::::::::::::::==========
1888-Continued.
@
BONDS,
JANUARY FEDR'RY.
MARCH.
APRIL.
MAY.
l
JUNE.
JULY.
AUGUST. SEPT'BER. OCTOBER. N0V'BER. DEC'BER.
Low.High Low.High Low.High Low.High Low.High Low.High Low.High Low.High Low.High Low.Hie;b Low.High Low.High
- - - - - ------1 - - -
Che!!, & Ohio.- ·Cont'd78 - 79¾
77¾- 80½ 76¾- 79
66¼- 67¾ 66¼- 69¼ 69 - 70½ 70¾- 73¾ 73¼- 80
62½- 66
Ext. cp ,, reorg. cert .. . .. - ... .. ... - . .. 63½- 66
. ..... - ........ - . .. .. ... - ........ - ........ - .... ... _ ... .
20¾- 20¾ .... 17 - 20½ 16%- 17
Cu1-rency....... ... . . .. . 6 22 - 27% 18 - 28
23%- 24¾ 24 - .JO¾ SO¼- 34½ 28 - 32¼ 28½- 30¾
19 - 24
19 - 20
Reorgan. com. ce1·t .. . ... - ... . . . .. - . .. . . . .. - ........ - .... 19¼- 21
lUort., 191 1. ... ....... . 6 90½- 97½ 97 -101¼ 100 -101½ {/9%- 99% tol -102¾ 102¾-103¾ 104½-106% 108 -11~¾ 112 -118 114½-114½ .... _ .. .. .... - ... .
-11:J 113 -114 lll¼-114½ 114 -115 113 - 114
112
.
.
.
....
t03)4-103¾
....
...
.
-100
96
.
.
.
.
...
.
.
.
.
.
.
.
..
...
Coupon off .. ... . .. .... . .... Ches , O. & S . W ..... i)-6 105 - 108½ 104 -104 108),.!-104 104 ·-104 105 - i05 .... - .... 110 -110½ 106¾-107¼ 107½-107½ 105¼-106¼ 106 - 106½ .... - . .. .
73 - 76 .... - ... . .... - . .... ... - . .. .
68 - 68 .... - . . . 72½- 73¾ 70½- 72
2d mort,, 1911. ..... .. 6 72¾- 72% 69¾- 71 .... - . ... 6D - 66
Chic. & Alton-ht ..... 7 l12 -114 113 -113½ 113½-113½ 113½ -113½ . ... - . .. 114¼-115 1~2 '-112 112 -112 112¾-112½ 112¾-112'¼ .... - •.. . 113½-113°¼
Sinking fund .... . ... . .. 6 124 -125 . ... - . . . . . .. - . . 125¾-125½ J 22¼-122¾ 123:)4-123¾ .... - .... 1~3½-128½ 123¾- 128¾ 124½-124½ 123½-128½ .... - . . . .
- ... . 123 -123
L,&Mo,R,lst,. 1900 7 l19¾-119¼ .. . . - . .. . lllJ½-119½ . ... - . . . . .. - . ... .... - . . . 125 -125 .... - .... 119¾-119¾ 122 -122
2d, 1900 .............. 7 ll"7½-117½ ... . - ........ - ........ - .... 115½-115½ ... - .. . ..... - .... . . . - .. . ..... - .....•.• - .... . ... - ... . 119½-119½
St.L,J, ()h,,li;it,.'94.1 115 -115¾ 116¾-116¾ 116¾-116¾ 112½-112½ 114 - 114 114½-115¾ .. - ... . 117 -117 .. .. - ... . 113½-118½ 114¼-114¼ l14¼-l14¼
- ........ - .. .. .... - . . . . . .. - . .. ll(l¾-116¾ .. .. - ... . .... - . . . . ... - ........ - . . . . . . . - ... .
lst·1n,, gnar. , (564).7 .... - ........ - . . .
115¾-115¼ .... - •. .. . .. . - . . .. .. .. - ... . . . . . - ... . .... - ........ - ....... - ........ - ... .•• • - .... 116 -116
2d ill ., gua1·. (188) .. 7 . ... . . .... - ........ - ...... . . - ........ - ... ..... - .. ..
1.Uiss.Riv. Bd,lst, s,f.6 107 -107 . . . . - . . ...... - ... . 104 -104 107 -107 .... - ........ ... - .•.. 97 - 97 . ... - . . . .... - .. . .
98½-100½ 98 - 99 100 -100
Chic. Bur.&Nor.-lst./) 10:.l¼- 103 101%-102½ .. . . - .... 98 -100 100 -100
Cllic.B.& Q.-Consol . .. 7 129½-132 18l -131½ 181 -182¾ 182 - 183 182¾-138 188¼ -184 180 -180% 181 - 132 181 -182½ 131%-132 132¼-138 183 -183½
- .. . ... - ... . 107½-107½ 108¾-108¼ .... - . . ...... - ... . .... - . ....... - .... 107¾-108½
Sink, fund, 1901 . . . . -~ .. .. - . .. . . .. - . . . ... - . . .
Debentm·e ...... ...... .:a l04½ -10tl 105 -107½ 104½-106 104½-106 104 -106 t05½-107 105 -106¼ 106 - 106¼ 103 -105½ 10! -105½ 101¾-108 102 -104%
96¼- 97
96 - 97
9ll%- 96% 95½- 96½ 95½- 98
Iowa Div .. . .. . ...... .4 9G¾- 98½ 96½- 96% . ... - . . . . 95¾- 90¼ 97 - 98½ 96 - 97½ 96½- 97
92½- 92½
90¾- 90¾ 92 - 92
98 - 98¾ 93 - 93 .... - .......• - .... 1:10½- 91
91 - 98¼ 91 - 93
9 !¼ - 92
Denver Div,, 1922 .4 94 - 95
90¾- 91¼ 90¾- 92½
92 - 92½ 91 - 92½ 9278 - 93
92%- 98¼ 9278 - 93
92½- 93¾ 92½- 92% 92 - 94¼ 91%- 98
Nebi·' slmExt,,1927 .L! 91½- 97
... - . . .. 117 - 117½ 117 -117 115 -119 116¾- 118 118½-119¼ 118½-118½ 118¾-119 120 -120 119¼-120 117 -118
Chic. & E, 111,- lst, s ,f.ti 114 -116
lstconsol,, gold .... . .. 6 °113 -117 116¼-117¼ 110½-116¼ 118 -114½ 114½-115% 115½-115½ 115¼-117½ 117 - 117¾ 118½-119 116¾-119¼ 118 -119 117 -120
117¼- 98¼ ll6%- 97¾
97%- 98¾ 96¾- 99% 119½-101
94¼- 94¼ 9:1¾- 94½ 91½- 95¾ 95%- f/7½ 97¼- 98
91 - 95
Gen. m o1·t, , 1937 . .. . 5 94¾- 95
Chic, Gas L. & C-l st .. ii .... - .. .. ... - ..... . . - ........ - ... .... . - ... .. ... - ...... . . - ........ - ........ - ........ - . ....... - . .. . 85¼- 85%
99 -100 100 -100 100¼-108½ 108 - 103½ 102 -102¾
117 - 99
97 -100½ 98½-100
97½-100¼ 98 - 98½ 96 - 98
Chic,&ln,C'IRy-lst .5 97 - 98
\
Chic. Milw. & St. p,....,
1st P. D,, 1898 . ...... . S 127½-130 125¾-12';" 127 -128 127 -129 127 -127½ 127½-128 1.28½-180 .... - ........ - .... 128½-124½ 125½-125½ 124'¾-125
2d, 1898 . . ..... . ..... 7"3 l22½-122½ 117¼-118 117¾-118½ 119 -119 .... - ........ - .... 110½-119½ ... . - .... ll7¼-l17¼ 117¼-117¼ 119 -120 120 -121
1st, gold .. ... . .. ........ .7 125¼-127 126½-126½ 127 -127 1~5 -126½ .... - •... 126 -128 123 -123½ ... . - .... 124 -125½ 124 -124½ 125 -125 124½-125
lot La Crosse Div ... . 7 113¾-114¾ 114¾{-115 114¾-114½ 113½-116¾ 115 -116 113½-114¼ 111 -118 113 -1115 . ... - .... 111 -111,-.! 112½-118 112 -112'11:
1st I. & M. Div ........ 7 1\4½-116½ 117 -118½ 117 -118 117 -119 118 -119 116 -116½ 115 - 115 .... - ...... . . - .... 118¾-113¾ 116 -116¼ l16 -116
1 st I. & D. Div . ....... 7 .... - .. .. .... - .... .... - ........ - ........ - .... . ... - ...... .. - ........ - ........ - . . . . ... - ........ - ... . 121¼-121¼,
1st C, & M, Div .... ... 7 126 -126 128 -128 127 -127 l \?6½-127¾ 127½-128½ 127- 127 .. .. - . . . ... - . . . . . . . - .... ..•. - .... 125 -128 126 -126
Consol., 1905 ........ . 7 123½-126 l25 -125¾ 124½-125),-~ 125¼-125¾ 126½-128 125¾-127 123½-125½ 124¾-125¼ 128¾-125½ 123 -124 124 -126 126 -127
.. . - .... 122¼-122¼ 122:½-128
1st I. & D. Exten .. .. .7 122½-124 124 -124 123 -124 122 -124 127 -127½ 124½-124½ 123 -124 124½-124½ 124 -124
1st So. West Div ..... . 6 113 -113¼ 113½-113¼ . . .. - .. ...... - .... ..... . .... .... - .... 112¼- 115 115 -115 111½-lll½ 111½-114½ 112 -114¾ 118 -114¼
1st La C. & Dav ..... . 5 102½-102½ .... - . .. ..... - . . . . . .. - .. , 105 - 105 104 -104 108½- 108½ ... - .... . . . . - . . ...... - ... 102¾-102% 102 -102
1st So, Minn, Div . .. .. 6 111¼-118¼ 112¾-114 112 -113 ll0½-112¾ 112¼-118,4 110¼,-113 109 -llllla 111½- 113 107½-118 109¾-110¼ 110½-112 111 -113
1st H . & D, Div . ... .. . 1 122 -125 12:3 -123½ 123 -124 122½-123½ 124 -124½ 123 -124½ 121 -122 122 -122¼ !19 -121¼ 120 -120 122 -122½ 122 -122¾
1 st H. & D. Div ... .. 5 l:."!";4-100 100¾- 101 100½-100½ 101 -101 101½-101¾ 103½- 108½ . ..• - ...... . - ... . . .. . - .... 99¼- 99½ 100 -100 100½-100½
H. & D. Div., 1902 .. 7 .... - ........ - ... ..... - ....... - .. .... . - .... .. .. - ... .. ... - ........ - ... ... .. - ........ - .... 120 -120 .. .. - ... .
Chic. & Pac. Div ...... 6 .... - .... 120 - 122 119 -120¼ .... - .... 128 -123 119¼- 120½ 121 -121 121 -1 21 .... - ... . 118 -118 .... - . .. . . . - ... .
Chic. & Pac, W ,Div .. a 101½-104 103%-105 103½-104?fl 104 -104½ 104¼-105½ 104¾-105% 103¼-106 105¾-107 103½-106½ 103¾-104 104 -105¼ 104¼-105¼
98½-101½
99½-100 100 -100
98¼-100½ 100 -101 100 - lOO¾ 97½-100 100½-101 100 -101
98 - 99¾ 08%- 99
Chic, & Mo. R , Div .. /) 95%- 98
99½-lOO 100½-101 101 -102
... - . . 100¾-102
Mineral Point .... .... .a 101 -101 .... - . . . . . . . - . ... 102 -102 .... - .... 101 -101 100 -100
99%-100½ 100 -101½ 100 -101
Wis.& Min, Div . . .. . . /) 100 -101 101 - 101% 101¼,-101¾ 102 - 102¾ 101 -104 100 -102½ 100 -101½ 101½-102~ 98½-100
Ter,mina.l.. .. ... . . .' .. .. a 100 -101 101 -101½ 101 - 101¾ 101 -102¾ 102 -102½ 102¾-103 100 -102½ 101%-102½ 101 -101 101 -101½ 101¾-102½ l02 -108¼
- ... .
Inc. conv., S , F . .... .. 5 .... - .... 95 - 95 .... - . .. ... .. - ........ - . . . . . . . . - ... .. ... - ........ - .... . ..• - ..... ... - .... .... - ....
Dakota & Gt. S o . .. .5 95 - 95 .. .. - . . . . 94¾- 94¾ 92½- 93½ 94½- 96 96),(- 96¾ .... - ........ - ........ - ..... . .. - ..... ... - . . . . . .. - ... .
, hie. &Northwest,<Jonsol., 1915 .... .... . , 139½-148 140¼-142¼ Hl½-142½ 141½ -142¾ 140 -141 141 -142¾ 143 -144¼ 142 -142½ 142 -148 144 -144¼ 142¼-144½ 142½-142½
Gold, coup,, 1902 .... 7 129 -181¾ 130¾-182 180 -181 130 -131¾ 131 -182½ 128 -130 180 -181½ 180¾-181¼ 180 -182 181½-182 181 -182¾ :28 -128¼
Gold, reg,, 1902 ...... 7 128¼-131 130%-181½ 129 - 181 130 -180¾ 131½-131½ 128 -129~ 129¼-180 180¾-131¾ 180 -120 180¼-130¾ l31½-132 128½-128½
Sinking fund, coup .... 6 .... - .... 121 - 121 120½-120¾ 118¼-120 120 -120¼ 111! -119½ . ... - . ... 120 -120 119½-120 118 -118 .. .. - . ... ll9 -119
Registered . .... ... .. . 6 . .. - ... . . ... - .... 120½-120¾ .. . . - ... 118¼-118¼ . ... - ........ - .... . . . . - .... . .. . - ....... . - ... ... .. - ........ - ... .
Sinking fund, coup . .. /) 108 -110 109¾-111 110½-111 106 -108 107½-108½ 108¾-108¾ 107¼-lOS 108)4-110 110½-110½ 107¾-108 107¾-108½ 108 -108¼
• Reg i s tered ........... ~ 109 -109 109¾-110½ 110½-110½ .. .. - .... 107 -107¾ 108½-108½ . ... - ... 108½-108½ ..•• - .... 106½-1<'8 .... - •....... - ..••
Debenture .... . ........ . ~ 108¼-109 108 -109½ 108 - 109 110 - 111 107 -109½ 108 -108½ 110 -111 111½-111½ lll½-112¼ 111 -111¾ 108½-109¼ 109½-rn9¾
Registe1·ed . .. ..... . 5 .... - ... . 107¼-107½ 107 -107 107 -107 107¾-108¼ 108½-108½ .... - . .•...•. - .. .. 110 -110 110 -110 107½-108 .... - ..
2a y1•s, deben,, 1909.5 101%-105~ l04¾-105½ 105 -105 104½-106½ 104 -105½ 105)4- 105¾ 106¾-106½ 106 -106¼ 105 . -106 105%-106½ 103½-104¼ 104 -104¼
94¾- 95¾ 94½- 95½ 94%- 95½ 95½- 98
92½- 94% 91½- 98¼ 98 - 94½ 93¾- 97½ 96¼- 97¾ 96½- 97% 95 - 98
Exten. ~onds, 19'26 .. 4 94)4- 95
- ... ... .. - • < • •
ll5 - 95
94½- 94½ 95 - 95
Registered .... .. .4 .... - .. . 91 - 91 . . .. - .. ... ... - .... \18¾- 95½ .. - ... . ... .
- . ... .... - , .. .
. ... - ........ - . . . .
Des M. & M,-lst .... 7 .... - . ... 122½-122½ .... - ........ - ........ - .•...... - .. . . .. .
Iowa ilii dland-lst ... S 129 -129 .... - ..... . .. - . . . . . . . - .... 181%-181% •... - . ... 181 -134¼ 184 -185 135 - 185 1131 -132 132 -132 182½-182½
Peninsular 1st conv.7 ... . - . . . . ... - .... 127 - 127 .... - .... 125 -125 .... - •... . . .. - . . ...... - . . . ..... - .... 125½-125½ .. . - ... . .... - •..•
Chic.& Mil.-lst .... . . 7 .... - . . . 120 -120 119 -119 .... - .... 120½-120½ .... - ...... . . - .... 119 -119 120¼-120¼ 120¾-120¾ 122 -123 123 -128¾
Winona& St. P.-2d .7 129!¼;-131 131¼-132 .. . . - .. . . 131 -181 . ... - . . .. 130 -180 . . .. - .. . . .. .. - ..... .. - ........ - .... . ... - •....... - . . . .
ll'Iil. & lllad.-lst .. . . . 6 ... - ... ll3 -118 . . .. - ........ - ........ - .....•.. -.... . ... - •... .... - .•... ... - ........ - ....... . - .... 113 -113
Ottum. C. F. & St. P.ii 108 -108 106½-108 105 -105 106½-106½ 106 -107¼ . ... -.. .. . ..• - .... 108 -108 ... . - .... 106¼-108 .... - •... ,108 -108
.... 107 -108 .... . .. . .... - .. .. 107 -107¾ . ... -.... 106½-108¼ 108¾-108½ .... - .... 107 -107 ... . - .... 108 -108
1'01•thern Ills.-lst .. a ....
Cbic,R.I.&Pac,-Cp ... 6131½-132¾ 132¼-133½ 181¾-133½ 130½-138 182¾-133 182¾-184 130 - 180½ 131 -131 . ... - .... 131½-138 132½-138¾ 184 -184
Registered .............. 6 .... - .... 133 -133½ 130¾-132 .... - .... 132 -138¾ 182½-183 129½-180 129½-130 . ... - .... 182 -182 .... - .. .. 181 -184
Exten, & Col.. .. ...... i) 107 - 107½ 104¼-107% 104 -105¾ 105 -106¼ 106¾-108 107½-108 105¼-105¾ 105%-106 106 -106% 106½-106% 106¾-107¼/06%-107,S
Registe1.1ed .. .... . ... 5 .. .. - . . . . ... - .... 104¼-104¼ 105¼-105¼ .. . . - .... 107 -107½ 105½-105½ .... - .... 105¾-105¼ ... - .. ..... . - .... 106 -106
-l~.:.
107 -- 107
5 107
Keok'k&DesM,-lst,
85 _:1~06:· .· :··: ·: =_ ·: ·:·:·: 1:0::5: =_10:5::: ]~.~...' . =_10.~.·.: !1. 04~.5.¾__
, ... - .... 105
85 - 85 105%-106
- .... 105¾-105¾
... -105
- •.. ..105
.. .. -104¾
.... 104
.. ......
.... -- ....
-108 ....
107 -107¼
M. & Ft.D,-lst,4
Des
Extension .. ... ....... 4 86¾- 87 86 - 86 . ... - .... 87½- 87½ 85 - 85 . • . • - ••.••.• - • ••• 85
- ........ - ... .
Chicago & St. L,-lst .6 ... - ..... .. - ........ - .. .. 81 - 81 ... . - .. .. .... - ..•. . ... - ........ - .... . ... - .....•.. 97¾- 97¾ . ... - .... 95 - 95½ 95½- 97 196¾- 9711
97 - 97
97½- 97½ 97 - 97½ 117 - 97
f/9j),4-lOO
Chic.St.L.&Pitts-lst .i) 99¾-100½ 91)¾-100
Chic. St.P. lUin.& Om.Cons ol,, 1930 . .... . .. . 6 119½-120½ 120¾-121 120½- 121 121¼-123 122¼,-128~ 120 -122½ 121 -123 120¾-121½ 121 -121½ 121½-121:¼ 121%-123¼ 1119½-121
126¼-127 124 -124 123 -128
Cbic.St.P.&M,-bt .. 6 122¾-124½ 125½-126¼ 125 -125 125 -125 122½-123 .... - .... 124 - 125 .... - .... ....
St. P. & S, City-1st .. 6 123 -125¾ 125 -126 126 - 126 122½-124 123 -123% 123¾-128¾ 123½-126½ 126 -126½ 127 -127 123 -124 123¾-124 124 -124
Nor, Wisconsin-lst.6 .... - .. . . 124 -124½ .... - •.. ... .. - . ... 125 -125 .... - •.. . .... - . .... . . . - .• . ..... - ........ - ........ - ........ - ...
- . . ....•. - ... 115 -115 112½-112½ .... - •... 114 -114 . . .• - . ....... - ....... - .... .. .. - •... lH -114
Chic.&W.I,-lst,s.f, ... (i 113 -118¾
Gen. mort ............... 6 l15¼- 115¼ 11678- 116½ 115½-115½ 115 -116 .•.. - .... 118½-115 114¼-114¼ .... - •...... . - ...... .. - . .. 115½-115½ l;t.7¾-118
... - .... . ... - ... . .... - ... • ..•. - ... . .... - .... 94 - 94 .... - ... .. •.. - ... .
- ........ - . ... 94 - 94
Cin,ln,St.L,&C,-lst.4
92 - 92
94¾- 9578 {!5 - 96
92½- 92½ 92½- 98 . . . . - .. . . 94: - 94
.. . . 95 - 95
96 - 96 . • . • - • .. • . . . .
Cin. J, & M.-lst,con. Ii 92½- 96
- .... . .. . - ... .... - ........ - .... .. .. - ....... . - ........ - ........ - ........ - ........ - ........ - ... . 128¼-123¼
Cin. Laf. & Chic,- lst.7
Cin.&S.-•Gu,C,C , C,&I 118 -118 .. . . - ..... ... - .......• - ........ - .... 115 -115 . ... - .. .... .• - ... . ...• - .... .. .. - ........ - •... . .. - •..•
Guar, Lake Sho1·e .. ,7 .... - ...... . . - .... .. .. - ........ - .... . ... - .... 120¼,-120¼ .• .. - •... 121¾-121¾ .... - .. .. 119½-llll¾ .... - •....... - •.••
- ........ - ........ - .... 94¼- 94½ 94½- 94¼ 95 - 95 .. .. - ... .. ..• - •... 91½- 98¾ 93½- 94¼ 94¼- 95¾ 94 - 95¾
Cleve. & Canton-1st.a
Cl, C, C,& 1.-lst, s.fd,7 119½-121½ 121 -122 . ..• - . ... 123 -123 120 -120½ ...• - ... . 122½-122½ 121½-128 121¾-122 ...• - .... 119½-120 120%-121
Consol. .. . ................ 7 128 -123 127 - 129 . . . . - •......• - ...... . . - .... 126 -126 181 -131 131 -181 ...• - ...• 181 -131 181 -182 180 - 180 ·
i::::~1s:o!~::::::·:::::
Col, Coal & 1.-ls t,con.6
Col.H.Val.& T,-lst ... ~
Gen. gold, 1904 .... . . 6
Col. &Cin. Mid. lst ... 6
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
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100 -104
70¾- 73¾
70 - 75
94½- 95¾
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101 -102 jlOl¼-102 lOl!HJ-108 103 -106 104 -105½
63 - 70½ 165 - 69¼167¾- 7078 170½- 72½
71½- 78
61} - 70
69¾- 71
71 - 72¾ 63 - 69½ 65 - 69
92 - 94
.... :_ ........ - ..... . . - ..•. 92 - 92
iio =1io·· io9 =1ii'· iio½=liO½ iii. ~113 ..
104¾-106 1108 -104¾ 108½-105 104 -105
79¾- 84½ 76½- 88¾178½- 81
72¾- 80
82 - 85
75 - 78¾179½- 88½ 79 - 87
90 - 91 .... - ........ - .... 90 - 00
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84 - 86
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93
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RAILROAD fJ()NJ)S.
I 888- <Jon tinned.
J ANUARY FEBR' RY.
- - - - ----
-
MARCH.
APRIL.
- - - - ---
MAY.
- - --
JUNE.
JULY.
AUGUST. SEPT'BER. O CTOBER. NOV'BER. DEC'BER.
- - ·-
- -- - - ---•1----1----1- ----1----
· Low.High Low. High Low.High Low.High Low. High Low.H~
Low.High Low.High Low.High Low.High Low.High Low.High
BONDS.
_ _ __ _ _ _ _ -
Delaw. & Hud. Canallst, 1 8 91 .. ...... ...... .. 7 106¼-10™ 107¾- 108¼ 107¾-108½ 10~109 10{%-110 107 - 110¼ 106* 107 lOMt-107¼ 107¼-107¾ 107,,!-10$¾ 108%-108¾ 106 -109
l st extended, 1891. . 7 .. .. - . .. . .. . - . . . . l ~-108¼ .• . • - .. .. .... - ... . . . •. - . . . . .... - . .• . . . - . ... 110 - 110 110½-110½ 109 -109 ... . - ..•.
Coupon, 1.894 ......... . 1115¼-116'4 117 -117 . . .. - . . .. 113 -113 113¾-118¾ ..• . - ... 116¼ -116¼ 116 - 116 . ..• - .. .. 118¼-114¾ 114¾-IJ5¾ l15½-116½
Reg., 1894 ....... . ..... '7 114 - 114 . . .. - .... . ... - ... . .. . . - .... 113¾-113¾ . ..• - . ...... - .... .. .• - ... . . ... - ........ - . ... 114¼-114½ 116¼-116¼
Penna. Div.-Coup .. . , 139½ - 141 142 -143
. •• - . ... . ... - .. . . 187 -142 141½-142 .... - .... . . • - ....... - • ••• 139 -189 .... - ....... . - ... .
A.lb. & 8usq,- lst m . . 11 01½-101½ LOl½ -102¼ 102 - 102¼ 102½- 102½ .. .. - .... 108!,,(- l !lS¾ .... - . .. .. ..• - ... . ... - ...... . . - ... ..... - ........ - . ..•
1st coup., a-uo.r . . . ... , . . . - .. . . 132 -132 .... - .. ... . . . - .... 180 - 130 180¼-131½ . ... - ..• ... •. - . ... 132¾-134¼ 180 -183½ .... - .... 182½-185
1st reg,, guo.r . . . ... .. , .. . - . . . . . .. - . . . . . . - . . .. ... . - .... .. .. - ... . .. .. - ... .. . .. - . . .. 188 - 183 . ... - ........ - ........ - .......• - .•.•
1 s t coup,, guar .. ... . 6 118 -121 121 - 122¾ 122½-123¼ 119½-120½ 122)4-123 128 - 128¾ 123¾- 124½ 123¾- 124¾ 124 - 124½ 121 - 122½ 122½-128½ 128 -128¾
1st r e g., guo.r ... .. .. . 6 .... - . ... . .. - .... . . . - . . .. .. - . ... .. .. - . . .... . . - .... . .. - .. .. 128¼-123~ 119½-122½ . . .• - ........ - .... . •.. - •...
Rens . & Sar.- lst . ... , 144 -144 .... - ......• . - .. .. 145 - 145 .. . . - •. . . 144 - 145 ...• - .. .. 147 - 147 .. .. - •. .. . . . . - . .•... .• - ........ - ... .
R e g istered . . . .. . .. , . . . . - . . . . . . . . - . . . . . . . . - . . . . . . . . - .. . . .. .. - . .. . . .. . - .. . . . . . . - . . . . . . . . - .... 145½-147 144½-144½ .. . - .. . . .. .. - ... Del.L.& West.- Conv .'7 11 0 -110¾ 110½-110½ 111¾-111¾ 111 -112¾ 112¾-1127/4 .... - ...... . • - . ....... - . .. ... . . - .... 112½-112½ 113 -113 109 -109
Mort., 1907
. .... . .. , 135¼-138 140 -140 185 - 135 .... - ........ - .. .. 13~!1(- 138¾ .. .. - . . .. .... - .... 188 -188 136 -137¾ 140 -140 .... - ... .
Syr.B'n&N.Y.,lst .. ,-18()½- 132½ .... - . ....... ~ ... . 132 - 182 ... . - ... ... . - .. . . 185 - 1&5 185½-18f•¾l86¼-136½ 133½-133% 134 -134 139 -139
Morris & Essex- 1st., 141 -142 185½-136 143 - 143¼ 144 - 144 140¼ -Hl½ 141½- 142 148¾-144 142 -144 143¼-148½ 143¼-145 142¼-148½ 148½-144
2d mo1·t . .. ..... .. .. .. . '7 110 - 110½ 107½-108½ 107¼-108½ 108½- 109 108¾;~109½ 109½-111 110¾- 110½ 106* 107½ 107½-107½ 107¾-108¼ 108 - 108½ 1087/4-109¼
1900 .. .. . ......... . .... 7 118 - 118 119¾-119¾ .... - ... . .... - .... .... - .... 121½- 121½ .... - . ... . .. . - •... 122 - 122 1~5 -125 128 -124¼ .... - ... .
'78, 1 8 '71-1901 ... ... . 7 125 -126½ ... . - ...... .. - . .. . 125 - 125¾ . .. . - .. . . 12!}½-126½ 127 -127 126 - 126 120 -127 125 -125 .... - .... 126 -126
Cons ol., guar . ....... . ,- 132½-135½ 185¼-136 185 - 136 186 - 187¾ 136¾-187½ 134½-138½ 136½-138½ 138 -189 138½-1891}.( 139¾-142 u:; -143 139¾-141!};!
N.Y.L. & W.- lst : . . 6127 - 127 128¾-129¾; 129 - 129¼129 - 18()¼130¼-180½181 -138 181 - 181 131¼-131½ 130½-131½131 -131 .. .. - ... 131½-132½
Constru ction . . . . ... . :i 107*108½ 110 - !IO¼ 110 - HO¼ 108¼-110 109¾-110% 1\ Q¾-110% 111 -112
. . - .... 111!,,(-111¼ 111½-112½ . ... - . ... 113¼-118¼
Denver & Rio G.- lst . 7 119½-121 120 - 121 121 -121)4 121¼- 121¼ 118¼,-119 119,(-120 120 -120 .. .. - . ... . ... - .... 120½- 121½ 11$¾-119¼ 118½-119
Newcon s ol, 1.936 . .. 4 76½- 79½ 77 - 71)¾ 75 - 77¼ 75½- 79
7t! - 79¼ 77 - 78½ 75¾- 76
76 - 77~ 77,(- 78¾ 77½- 79
77 - 78
715 - ?7½
Denv.&R.G.W .- lst .. 6 71 - 72
72 - 78
71½- 71½ 71 - 71¼ . .. - .. . . . . . - . .. 75 - 75
81¾- 83 .... - ... .... - ... . .... - .... 80,(- 80!,<j
Assented, 1 s t . . ... . .... 6 66 - 68½ 65 - 66¾ 60 - 63
60 - 65¼ 68 - 66
6R'7/4- 65¾ 65 - 72
72 - 76
70½- 72½ 65½- 70
66 - 70
69 -75¼
Denv. S o. P. & P,- lst. 7 78½ - 78½ 77 - Sl' l'( 78½- 78½ 81 - 81
76¼- 76¾ 75 - 75
. . . - .. 71 - 72 .. .. - .... 72½- 77
70 - 77½ 77 :- 80
Det. M. & M a rq .1
.J
Lo.nd g r o.nts, 1911 .3 ½ 34.~ - 48
39 - 40% 36¼- 40
85 - 37
84 - 86
84 - 84
36½- 88¾ 37 - 88
36 - 38 .... - .... 34 - 85½ 38%- 84½
1 s t, 1921 . ... . . ..... . ... 6 .. .. - . .. . 99¼- 99¼ .. .. - ... .
- ..... .. . - .... ... - ... .... - .. .. .... - .. . .. .. - .... •·· - .... . .. • - •··· •··· - •·•
Det. B. C. & Alp.- lst . . 6 105 - 105¾ 104¾-106 105 -106 105¾·105¾ 106 - 107¼ 108 - 108¼ l ~- 108 107:J:(- 108 107 - 108 106!,,(-107¼ 107 -107¾ 107 -107½
Dulu t h & I. B .•- lst ... :i ... . - .... .. .. - . ... 94 - 94 811½- gs
92 - 98
92¾- 93
92 - 95
98½- 97
95¾- 97
94 - 95¾ 97 - 97½ U6½- 97½
Dul. S. S . & Atl.,1937 .:i ... . - .... .. .. - .. .. 86¼- 91
85 - 87
84 - 85
84 - 90½ 88½- 94½ 98 - 9~ 92½- 98
92 - 92
92 - 92
92¼- 92½
E. Tenn. V. & G.- lst .. ,- 118½-118½ . . . . - ... . 120 - 120 . . .. - . .. . 122 -122 128½- 128½ 12~-121 .. . . - . . . . . . . . - .... 122 -123 123 -128 128 -123½
Divlsi o no.l. .. .. .
6 108 - 108 .... - . ..... .. - ... . .... - .. . . .. . - ... .. .. . - . .. . 108½ -108½ . . - .. . . . .. - .... 101} ·110 110 -llCJ ... . - ... .
E.T. V. & Go.. Ry, con :i 95;).!- 99¼ 98½- 99½ 98lij- 99¾ 99¼ -108 100 - 102½ 102~-103 102½- 108¼ 102 - 108 10}½-108 102J!i-105½ 102½-104 101¾-108
litt Ext., g., 193'7 .. . . ti .... - . . .. . .. - .. ...... - ........ - ... . .... - . ..... .. - .. .. ... - . . . . 93 - 93
98¾- 94
94%- l.l4¼ .... - ........ ~ . . . .
Mobile & Birm.- lst .:i .... - . . . . .. - ... . .... - . . .. ... . - . . . . .. .. - ..... . . . - .. .. . . . - ... . .. .. - . . . 933-9- 98¾ 93¾- 94¾ 94 - 95
94¼- 94¾
East & W. Ala.- l st .. 6 . . . .
.. . .. ... - . . . . .... . ... - .. .. 50 - 52½ . . . - ... . .... . .. • - ... .. ... - . . .. . ... - .... .... - . ... . •· - • •· .
Eliz. Lex. & Biir. S .. . . 6 97 - lOi 101¼ -103
00 - 9~
96 - 9i¾ 97 - 100
98½- 99¾ 99 -100½ 100 - 101¼ 89 -100½ 100 -101 100 -101½ 101 -101
Erie-1 s t, Ext., 1 8 97 . . ,- 120 - 120 120¾-120 --, 122 - 122 121 - 121 119 - 119 119 - 120 . . . • - .. .. 119¼-119¾ 119¼-119½ .... - ....... - ....... - ...
2d, Ext., 1919 . . . . . . .. ti 118½-118½ 114½-114½ t12 - 114½ .. . . - . . .. 115 -116 118 - 118 118 - 118 118 - 118 ... . - ... . ... . - . .. .
- ... 118 -118~
3d, Ext., 1923 ....... 4 ½ 105,(-107 .... - .. . . .. - .. . 105¼-106 107½-108
.... - . ...... - .... 106 -106 110 -110 111½-111¾ 109 -111¼
4th, Ext., 1920 . ... ... ti 118¼-118½ . .. - .... 114¼-115½ 113 - 113 114¼-115 116¾-118 118 - 118 . ... - . .. . . .. . - .... 115 -116 .... - . . ...... - ... .
:itb, 1888 .. .... . . .. .... 7 101½-10!½ . . .. - . . .. L02!)a-102¾ 102¾-103¾ 108¼- 104 . . .. - .. .. . .. . - .. .. . ... - ... . . ... - . . . . ... - . . ..... . - .... . . .. - .. .
:ith, Ext., 19~8.... .... 4 .... - . .... . .. - .. . . .... - ... . . ... - . .. . .. .. - ... . 101 - 101¼ 100¾-101¼ .. .. - .... 102 - 102 102¼-102¾ 102½-102¾ 100 -100¼
1st, consol., gold . ... . . ')' 185%-137 187 -187½ 182½-184 138 - 135 184¼-135 134~-185½ 185¼-186 155½-138 185¼- 186 185¼-136 135½-186 135¾;-136½
1 s t consol. fd. coup . .. ,- 182 - 132
. . . - . . ..
- . ... . .. . - . .. . .. . - .... 181 - 181 181 - 131 .... - .... 128 -128 . . .. - .... .. .. - ...... . . - ... .
Reorgo.n., 1st li e n ... 6 106¼-107 . . . . - . . . . .. . . ... .. .. .. . - ... . ... . - ... . . ... - .. . . 107½-107½ 104¼-106½ 105 -105 105¼-105½ 105¾-105¾
Long Dock ......... .. .. ,- 111 -112 112½-114 118 -118¼ 112¾-115 1! 4 - 115 111½- lll½ 111¾-112 112¼-112¾ 112½-113 112½-113½1114 -115 110½-111
Cons. gold ... .... . .. . . 6 116¾-117 117 - 117 117½ -118 115 - 115¼ 115¾-116 .. . . - .... 117¼-119 llll½- 120 119¾-120 116 -116½ 115½-117 lli¾-118½
Buff. N. Y . & E.- lst .7 .. . . - ...... . . - ........ - ... . . ... - . .. . ... .
.. .. . .. - .. .. 140 - 140
... - ........ - ...... .. - ........ - .. . . .. .. - •...
N.Y.L.E.&W.New, 2 d cons ol. . .. .. 6 97).~- 9:1¼ ij4½ • 09~<i 94½- 96¾ 95¼- 99¼ IJ5¼- 99¾ 9~- 95½ 94¾- 1:18¾ 97¼- 98¾ 99¾-101¼ 100½-102¼ 99½-101½ 00¾- 98¼
Col. trust, 1922 .. .. .ti 105 -105!4 ... . - . ... 107 - 107 . ... - .. . . 104¼- 104½ . .. . - .. . . .. .. - . .. .... . - . .. . .... - . . . .. . . - ........ - .... . . .. - .. .
Fund. coup., 1969 .. :i 90 - 90
88 - 90
87½- 87½ 86 - 88½ . ... - ••• . 87½- Si½ . ... - . . . . 87½- 89.¼( 90 - 94
91½- 92
91½- 92
87 - 88
Income ....... ... . .... . 6 .... - . .. .. .. . - . . . . 52½- 52½ .... - ... . .... - ........ - . .. . .. . . - . . . . . ... - . . . . ~ - 65 .... - . . . . . ... - ........ - ... .
::~~~n~!!:::~~.~~~6:~
. 99 = 99 . .
Ev. & T. Haute-Con .. 6 116 -117
F:!~ re;~or::-:-!::~·~~::::!~; =~~;
~~
=~~=½.-: :
115 - 117
s" 1i1cisv_
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16 1 17
116 116
0 119 1 1
110
ioo
= : ::: :::: = :: :: ·::: = : ::·
=li() ios _=10•
116 - 116½ 116¾-117~ 117 - 119 119 - 119 11 7 1 18
120
l 2.i½=12;· · 1i9¼-122¼ 119½=1i9½
=120 .. ::::
79 - 82
78½- 81¾ 77¾- 84 . 84 - 89½ 88
,.
74
7¥
7'I
7¥
= :::: i20
=120 .. i 2~ =122. i20 -122 . . iio},4=120 .. ii9½=1i9¾1iio½=11:9¼
84
88 - ~8
·s 7 - '89
88½- 1}3¾ 91¼- 93% 91¾- 98
87½- ~O¾
. ... - .. . . . .. - ........ - .. . . . . . - ... . ... . - ... ... .. . ... - ....
70 - 70
70¼- 71
102 - 103 102¼-108 106¾-106½ 105¼-lOd¾ . .. . - .. . 104 - 104 .... - . .. .... - . ...... - . . .. .... - ••..
.. . . - .. .. 98 - 98 101 - 102
... - .... 106 - 106 ... . - .. .. . . . . - .... .... - ... 103 -106 . ... - .. .
oo - 90¾ 90¾- 90¼ 00 - 90¾ ~ - 91¾ 91¼- 92½ 92 - 92% ~2¾- 93% 98%- 95 92 - 94¼ 83* W¼
. .. - .. .. . ... - .. . . . .. - . .. . . . . - . . . . .... - .. ... . .. - . . . . 95½- 95½ ... . - ....... . - ... · · .. - · .. ·
. .. - .... . ... - •... 00 - 97
98 - 98
98 - 98¼ ll8¼- 98¼ .... - .. . . 96½- 97 .... - . .. . ·· - ... .
90 - oo
95 - 101½ 1()()¾-102 100¼-101 101 -102 101 - 103¼ 95 - 95 . ... - ....... - •... 60 - 80
26 - 28
25
38
32¼1- 86'4 so - 37
36 - 42¾ 36 - 41
30 - 88½ 29 - ll4¼ 28¾- 30
25 - 28
120 - 122 119½ -120½ 121¼-122¼ 121¾- 121¼ 118 - 118½ 118 -11"¾ 117¾-118½ 117 -118½ 117½-118½ 116~-119
97¼- 977/4 94½- 95¾ 94½- 95¼ 94½- 95
94 - 96¾ 96¼- 96¾ 96½- 98
89 - 93¾ 88½- 91
87½- 90
118½-119¼ 118 - 119 119 -119¾ 110 -119 119 - 121 120 - 121 118 - 118 117 -118¾ 118½-Jl9¾ 11944-120¼
107¼-107¼ . .. . - . .. . 110 -110 110 - 110¼ . . .. - .... . ... - .... 10$%-108¼ 108¼-108¾ - · ·· - .... •··· - •···
.. .. _ ........ - .. .. .... - ........ _ . .. ... . . - ... . ... . - ... . .... - .... 107¾-108¼ 105¾-106¾ 106½-107
Ft.W.&D~nv.C.- 1.st .6 79 - 82
Go.Iv. H. & H. of' ~ 2. ~ ... . - ... . . ... - ... .
Go.I. H. & SanA.- lst .. 6 105¾-106 101½-101¾
2d mort ... . . . ...... .. . .. 7 104 - 105½ .. . - ....
Weste rn Div-1.st . .~ 91 - 92½ .... - .. ..
G iL. Co.. . c.- Col . tr .. ~ . .. . - .. . . . ... - .. . .
Gr. Ro.p,& Jnd. - Gen .ii 98 - 99¾ 98 - 98½
Gr.B.W .&St. P.- lst .. 6 99 - 99
97 - 97
2d, income . ....... .... . . S 80 - 32½ 80 - 31½
Gulf Col.& S. F.- lst .. 7 '1.1 9 -122 t20¼-121½
2d, 192 3 . . . .. .... ... ... . .6 96½ - 97¾ 97¼- 97%
llo.n. & St. J o.- Cons . 6 lUJ - 12C~. 121 - 121½
Hen. Bridge Co.- l s t .. . 6 108½-110 110 -110
Houso.t' c-<Jon.,193,- ..:i .... - .... ... . - . .. .
Hous. & Texas Cent.I st, M. L ...... .. ... ..... 7 114 -115½ 118 -114¼ . ... - .... 112 - 112 115 -118 119 -120½ 121 - 122¼ . . .. - •.•. 122¾-123 124 -124 124¼-~ .. .. - ... .
M. L. Tru s t r l'c ....... . ... . . - ..... . .. - . . . . 111 - 111 104 -110¼ 110 - 113¾ 112:li-114 114¼-115½ ll,5¼-118¼ 116¾-117¾ 116¼-117 112¼-116½ 116½-116¾
1st. Wes tern Div .. ... . 7 118 - 114~ 119 - 113½ . . - ... . . .. .. 116 - 117 117¾-118 122¾-122½ . ... - ....... - ... 123½-124 .... - .. .. 12~-125¾
Trust receipts ..... .. ... . . - . . . . 108 - 108½ 100 - 100 110 - 110 112¾ 113~ 112½-114 114!)4-114¾ 115½-118 .. .. - .. . ... .. - .... 11{3¾-116¾ • • • • - •··
W. & N. Div ...... ..... 7 112¾-112¾ 114 - 114
. . . - .... 112 -112 .. .. - .. .. 105 - 100 . ... - ... ... .. - ...... .. - .. .. .... - .... 105½-105½ .... - ••..
2d, Mo.in Line ... . ... .. 8 107 - 108½ .. .. - . . . . .... - •. .. .. •. - .... . .. . - .. ...... - ... ....• - ..... ... - .... . . .. - .. . . • • .. - • .. • · · .. - · .. · .. · · - .. ..
Trust receipts ....... . . .... - ... . 102 - 105 . . . . - .. . ... .. - .. . . 110 - 110 105¾-108 105 - 110 110 -110 111 -112 111½-112½ 112½- 112½ . . . - .. .
Gen. M,, Trust rec .. . 6 65 - 67 65 - 69 .. .. - .... 65 - 611
~ - 68¼ 67¾- 68
~¼- 70
69¼- 70
70 - 72½ 70½- 71
68 - 68
70 - 70
Illinois CentralGold, 19:J1 ... . ... . .. 3 3' 92 - 94 99 - 94¼ 98¾- 94 92¼- 94~ 95 - 95 95 - 96 94~- 94¾ 94➔.(- ~ •• • - • ••••• - ••• • 93½- 93¾ 91 - 9$t
1st a-old, 19:it ... ... .. 4 105 - 105 104½-106 105 - 106 107 - 107 104 -105 104½-107 107¼-108 107 -107¾ 107¾;-107¾ 107 -107 106 -107 107 -10;
Gold, 19:i2 ...... . ... .. . 4 .... - . ....... - . .. . .... - . .. . .. . . - ... ... .. - .... 101¼-102 102 -1027/4 100 - 101¾ .. . - ........ - .. . . 98¼- Q8½ 99 -100
Sprlna-f. Div., '98 .. . 6 ... - ... . . ... - . ...... - ..... . .. - ..... . . - .... 117 - 117 . . . . - ....... . - ........ - ••. . •··· - ........ - • ·· · •··· - •··
C.St.L.&N.O.- l s t,c.,- . ... . . .. - .. . . . . .. - .... 119 - 119 . ... - .. . . .. - ... . 118 - 118 . ... - .... .. .. - ... . 119¼-121½ 117 -120 .... - ... .
Tennessee lien ...... '7 .... - .. .. .. .. - . ... 119 -119 . .. - .... . .. . - . .. . .. . . - . . . . .. .. - .• •. . .. - .... 119½ -119½ . . . - ........ - .. ..
Gold, coup ... .... . . . .. :i ll~-117¼ 117¼-118 115 - 117½ 118 -118¾ 11$¾-119 117 - 117 117 -117 118 -118 118 - 118 116 -117¼ 117¼- 117½ 115¼- 118
Gold, reg ....... .. . .. .. :i .. .. - .. . . 1.. ·· - .. . 114 -117 .... - .. .. ... . - . . .. ... - .... 116¼- 116¾ . .. • - ... . .... - ..... .. - ........ - ........ - .. ..
Dub. & S.C.- !ld Div . '7 110½-111 111½- lll½ •..• - . .. . . . . - ........ - .. .. • .. - . ... ... - .. .. . ..• - . .. ..... - . . ...... - ... 112¼-112¼ .... - . . ..
Cedar F. & M., 1st ... ,- 80 - 85 80 75 - 75
75 - 75
~ - 70
65 - 65
67 - 157
66 - 67
• • . - • . . . . . . - . . . . 80 - 80
71 - 80
lnd.Hl.&W.- lst,pref'7 112¼- 112½ . .. - ... . 111¾-111~, . .. . - ... . j110 - 112 . ... - .. ...... - ..... ... - .... . ... - . .. .. .. - . . . . .. . . - .. .. 118 -118
1st, 1909 .. . ...... ... ~-6 85 - 89¼ 85½- 87 .... - .... s2 - 82 80 - 82 . ... - . .. . so - 87½ 84 - 98
98 - 94½ 04 - 05 . .. . - .. .. .. . - ... .
2d, 1909 . .. . ........ ~-6 68n- 71¾ 65 - 65 .. .. - .. .. . .. - ... . , 66 - 70 .. .. 65 - 65
67¼- 79 72~ 74½ 61:i - 68 .... - . .. 64 - 64
Eastern Div ... .. ...... 6 87 - 87
88 - 88 . . .. - .. . . .... - ... . 1 80 - 82
81 - 81'4, .... - ... . 88 - 92
93}(- 95
95 - 95¾ 94 - 94 .... - •••.
Con. Income . . . . .. . .. .. 6 . . . - .. .. 16 - 18 15 - 111 lff - 20 21 - 21 .... -_ ... . 17 - 20½ l ~- 28¼ 28~- 25
24 - 25
22 - 22 . .. . - • .. .
Jhio Ind. & W.- lst.~ . ... - ....... . - ........ - ........ - .... .... - .. . ...
. ... ... - ...... .. - .. .. 84 - 85½ 84h - 85¼ 77 - 85
69 - 74:J:(
1
80½!
I
;10
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
74
R.AILROA..b BONJJs.
1888-C:ontinued.
MARCH.
JANUARY FEBR'RY.
BONDS.
-
APRIL.
MAY.
JUNE.
JULY.
AUGUST. SEPT'BER. OCTOBER. N0V'BER: DEC'BER.
- - - - - - - - - - - ---- - - - - - - - - - - - - - - - J,ow.High Low.High Low.High Low.High Low.High Low.High Low.High Low.High row.Hlirh
---- - --
---
Low.High L ow.High Low.Hillh
---- --·--
Ind. Dec. & Sp'gfteld.lst,ex 1unded coup . . 1 102 -102¾ 103¾-103¾ 100 -103½ 100 -101 101¼-102½ 102¾;- 102!1,t
- .... 101½-102 100½-103 97¾- 97:1( 99 -100¼ 100 - 101
.... .... 00 - 00¾ .... - .... .... - ... . ... - .... 80 - 80 80 - 80 82½- 90 .... - .... .... - ...
lnd.Dec.&)V.-G. '4'7' .~ .... - .... .... 60 - 60 ....
.... .... .... ... .... .... - .... .... .... - .... . ... - .... ... . - .... ... . - .... .... - . ..
!ld inc., 1948 ... ... .. .. o .. .
- .... . ... - .. .. .. - .... . .. - ... ,
.... - .... .... - ... 25 - 25 .
Income, mort . . .... . ... .. ....
- .... .. .. - .... .... - ....
Intern. & Gt. No.-lst.6 LOO -111½ 99 -108½ 100 -104).s; 9g%-105 98}~104% 103 -105 l04¼-lv8 107 -107¾ 100¼-104 102 -103½ 102 -105¾ 106½-109¼
73 - 76
66 -*80
67 - 71
65 - 70½ 65 - 66
61 - 67
70 - 72
64 - 70
65 - 66
Coupon, 1909 ..... .. ... 6 71 - 77
66¼- 70
67½- 70
Jeff"erson-lst ........ ... 7 ... - ... ....
- . ... .. .. - .... 102¾-102¾ . .. . - .... . ... - . ... .... - ... .... - ... . . ... - .... .... - .. .... - ...
90
- 91
80
91:¾
....
....
....
86
88
Kan. C. & Om.-lst ... 1)
80
90
.
...
- ....
.
...
.
86
86
86
··••
- 813¾
.... .... ....
.... - .... 94 - 94 ... .. .. .... - .... . ... - .... . ... - .... 93 - 04¼ ... - ...
K.C.Wy.& N .W.-lst.1> .... - ....
70 - 78
69¾- 70
71 - 72¼ 69¾- 71
70½- 71
i1 - 73¾ 71),4- 73½ 73 - r,3½ 72½- i3¾
Kentucky C., 198'7' ... .. 4 69 - 75 71 - 74½ 70 ~ 71
98 -104 102 - 104½ 102 -103?:(
l:<8 -100
00¾- 98
98 -100
95½-100
Knox.&O.-lst,192~ .6 89¾- 94¼ 92¼- ll2:I( 91 - 92½ 90 - 98
95½- 98
Lake Erie & w.-lst .. ~ 101¾-104 103 -105 105 - 105¼ 103¾-106¼ 107½-lhJ 105 -108½ 105 -106¼ 105½-106 105½-107 106½-107½ 107½- 108½ 108%-109
Lake Shore & M. So... .. - .... 111½-112¾ 111%-111% 112 -112 . ... - .... 109½-110¼ .... - .... 110¾-110¼
CI. Pains. & Ash ..... ., 111),s-lll¼ lll¼-111¼ 112¾-112:1( ....
... ... 120¼-120¾ 121 - 121 122 -122 .... - .... . ... - . .. 120 -120 12('),s-120¼ .... - ....
Buff. &Erie-New .... 1 119¼-123 121¾-122 .... .... .... .... . .... .... .... - ....
Kai.& W.P.-lst ... . 1 104½-104½ .... .... 103½-104½ . ... - .... .... - .... .... - .... .... Det. Mon. & Tol. .... . 1 129 -129¼ .... .... .... 127 -128¾ 128 -128 129¼-129½ ... - .... .... - . ... .... - . .. . .. - .... .... - ... . .. .. - ....
L. Sbo1•c-Dividend .. 7 120 -123 122 -122¾ 123¼-!23½ 120¼-120¼ 121 - 121½ 121½-121¾ 122¾-122¾ 123 -123 1?4 -124 .... - .... 121½-121¾
1st con., coup ....... .1 125¾-127 125 - 126¼ 125M-125¾ 125¾-126 126 -127¾ 128 -128½ 125 -125 127 -128 127 -127¾ 127¼-127¾ h!7½-128% 128½-129¼
1st con., 1•eg ....... . .. 1 125 -126½ 124¾-125 123 -125¼ 123 -124 124¾-125 125 -125¾ 124½-125¼ .... - ... . 124¼-125~ 125J.2-126¾ 126 -126½ !.~5 -126~
!ld con., coup ......... 7 122¾-125 124 -125 122¾-124 124 -125 124¼-l:.!6¾ 123 -124¼ 124 -125¼ 124¾-125½ 124¾-125½ 125¾- 126½ 126½-127 123 -124
122¼-124¾ 124¾-125 123¾-123~ 123½-125 121¾-125~ 122¾-123 124½-125 124¾-125 124¾-124% 125¾-126¼ 126¼-126½ 123 -124
2d con., rei: . ...
... .... 105¾-106½
Mahoning Coal RR . . ~ 102¾-103 ... . - .... . ...
. 105 -105¾ .... ... 100 -106½ 106½-107 109 -109
•• · •
.... 108¾-108¼ ....
.... .... ... .... .... . - . .. .. .. - .... .... - . ... . ... - .... .... - .... .. .. Little R. & F. S.-lst 1
·••·
121 - 121 122 -122 119½-12131. 120½- 122¾ ....
Lona Island-1st .. .. ... . 7 120½-121 .... .
- ... 122 -122 123 -U3 .... - .. .. 120 -120
114 -114 .... - .... 114 -115 115½-115¾
1st. consol. ..... ...... .. ~ 11! -111¼ lll¾-111¾ 112 - 112 118¼~113¼ 114 -114 115 - 115 114 -114 .... ....
Gen. mort., 193S .. . . 4 .... - .... . ... - . ... ... . - .... . , .. - .... .... .... .... - .... 92¾- 92½ 93 - ll4½ 94 - 94½ 92 - ll2¾
•• · . ...
Louisville &NashvConsol. .. .... ........ .... . 7 120 -121 121 ~123 120 - 121 116½-118 !18 -118¾ 118½-119 ....
.... 119½-119¾ 118¾-120¾ 116 -118 118 -118 118 -119
Cecilian Branch .. . . .. ?' 107¾-10~¾ 108¼- 109 104¼-105 105 -105½ 106 -lOe¼ 105 -105½
- .... .... - . ... . ... - ... . .... - .... 107;½-10:½ .... - ....
N. O. & Mob-lst .... . 6 108¼ -110 110 -no 112 -112¾ 112¾-114¾ 114 -!14¾ 114¾-115 111 -112 115½-115½ 114 -115¾ 114¾-116 114 - 114 113 -1111
98 - 99 100 -100 ....
2d ........ .. ............. 6 96¼- 97
99¾- 99¾ 96¾- 97
1!8%-100 100 - 100
.. - .. 99½-100 100 -100 .... - ....
. . 114 - 114
E. H. & Nash.-lst ... 6 .. .. - .... 114 -!14 114 - 114 115 - 115 ....
114 -116½ 115 -115 116 -116 114!¼-114¾ .. ..
· ••· 115 -115
Gen'l mort ... . ...... ... . 6 109¾-113 112¼-113 113 -114 113½-114% 114 -115 111 -112 lll¾-114 112¼-114 113½-114 112½-113½ 114¾-115 111 -112
....
100 -101 101¾-101¾ 103 -10-l ., ..
.... .... .... .... ... 103 -104 103 -106 .... - .... .... - . .. .
Pensacola Div .... .. . 6 ... ....
- .... ..
St. Louis Div., 1st .. 6 115 -115 ... - ....
- .... .... - ... .. .. - .... . ... - . ... .. . .... 115 - 115 .... - ....
- ...
2d ..... .................. 3 ....
.... .... .... - .... .... .... ···• .... . ... - ... . .... - .... .... - .... 58 - 58 58 - 58 .... - ... . .... - ...
...
Nash. & Decatur... ... ,,- 116J.fa-117¾ ..
.... .... .... .... - .... 119 -119
- ... 121 -121 ...
- .... .... - .. ... .... - . ... 119¾-120
Trust bon ds, 19~2 ... 6 108 -no 108%-109¾ 106¾-107¾ 106%-109¼ 109 -110:1( 109 - 110¼ 108¾- 110¾ 109¾-110½ 10o¾-F9 108~.!-109¼ 1(19!4-109¾ 108 -1(;9
.... 101 -101 .... - . ... 101½-101½ 103 -103 103 -103 102 -102 101½-101½
104 -104 . ... - .. .. 104 -104 ....
Ten-Fortv, 1924 ... .. 6 .... Pensac. & Atl.-lst .. 6 .... - .... 95 - 97 ....
... . 94 - 94 {13¾- 94 96 - 00 ll6½- 99¾ 95 - 96 1)4 - 94 1)5 - 96 96½- 98½ 96¾- 98
1)9711-101
100 -101¼ 100 -100 100 -100 100¼-100½ 100%-100¾ 97½- 97½ .... - ....
~0-yr. gold, 1937 .. .. ~ 100 -101 100 -101
99½-100 100¼-102¾
Lou. N. Alb.& C.-lst.6 109 -112¾ 109¼-110¾ 108 -110 107¼-110 110 -114 112 -115 111 -114½ 112¼-lH¼ 114 -114½ 113¾-115 113¾-115 115 -116
87¾- 91
89¾- 92½ 90 - 92
94 - 94½ 92 - 94¾ 93 - 93¼
Con., gold, 1916 ... . . . 6 90½- 93
91¾- 92½ 91 - 92
95½- 97
91 - 96
95 - 97
.... 87 - 87 87 - 87 87 - 87 Si½- 87}{ 86 - 86 . .... - . .. 87 - 87 87 - 87
Louis. N. O. & T.-lst.4- ... - ... 80 - 82
85 - 86 ....
Mem.& Chas.-Gold ... 6 100 -1027/4 100½-101¼ 101 -102 101 -103¾ 104½-105 10! -lOri½ 102%-104!1 103¾-104¾ .... - ... . 10::. -1011¼ 104¾-105¾ 104 -105
Metropolitan El.-lst .. 6 113¾-116¼ 111½-114 108¼-113½ 109¼-113 113 -117 113 -116 112 -11'.4¾ 114 -114¾ 114 -115 114 -115 114½-116½ 115 -1Hl
2d, 1899 .. . . . .......... . 6 103 -105¾ 103½-107 104 -107 104 -107¾ 104¾-106¾ l04¾-105½ 105¾-108 106 - 108 106½-108 107 -109 105 -106 104 -106
71 - 71¼ .... - .... .... - .... .... - . ... .... - .. . ... - . ... . ... - .... . ... - . ... 67 - 67
Mex. Cent.-New ass•t.4 66 - 67
65¾- 65¾ 63 - 63
Income, 1911. .. . ... .. 3 20 - 20½ ... .. - .... 17¾- 17¼ 21 - 22½ .... - ....
- ... .... - . ... 20 - 20 . ... - . ••·· .... - . .. . . ... - . ... 22%- 22¼
- . .. . 62 - 63
Mex. Nat.-~dinc."A"6 .... . - ....
- .... .... ...... - .... .... - .... .... - .... .... - ... . . ... - .... ... - ...
.. .. .. : - .... .... - .. .... - . ... . ... - . ... •• ·• - .. .. .. . - .... 18 - 18
2d income" B''··· ····· 6 ... - .... .... - . ... .... - .... .... - . ... ....
128
-130
126
-127½
126
127
Mich. Cent-lst,consol.'7
-128½ 128¼-130 128¾-128:14
-180½ 130 - 181 130 -180½ 129 - 131 131 -132½ 128½-130¼ 131½-131¼
1st, com1ol. ...... .. ..... ~ 110 -110½ 100¼-110 110 -110 109 -110¼ 107¾-107¾ 108¾-110 110 -110 110¾-111½ .... - .... 112 -112 .. .. - ·•• · 110½-1103'
120 -1 20
1909 ... ..... .... . ..... 6 .... - .... ·••· .... . .... ....
... - . ... .... - .... .. - .... .. .. - . .. . . ... - .... ... - . .. . .... - .. ..
Coupon, 1931 .......... ~ 108¼-109¾ 110¼-111¾ 108%-10~ 112 -112 118 -114 118 -11~4 · ·•· ..... - . ... . .... - .. 111 - 111¾ 111 -111¾ .... 114 -114 .. .. - .
Re,dste1·ctl, 1931. ... . ~ .. - .... .... - .... 107¾-109 .. .... - .. 111 -112 .... - .. . 111 -111 111 - 112¼ 112½-112½
....
.
...
Jack.L.&Sag.1891.6 .... - .... .... - .... . ...
....
104 -104 .... - .... 106¼-106½ 103¾-103¾ . ... - .. .... - .. 104¾-105
Mid. of N.J.-lst ... .... .6 lll½-113¾ 112¾-118¼ 112 -114 109 -110% 110¾-112!14 113 -118% 113¾-114¾ 114 -114 114½-115~ 112¼-113¼ 113 -114 114 -1153'
Jill. L. Sb. &W.-lst .. 6 119½-120½ 119 -120 120 -121½ 120 -121¾ llS~-118:14 118 -119 118¾-119¼ 119 -119½ 119 -120 118½-120 116 - 118¼ 116 -119
Conv. deb ............... ~ ... . - .. ... 88 - 89½ 88¾- 89¾ 88 - 88¾ 88 - 88% 88 - 89¾ ti9 - 92 89¼- 90½ .... - . ... 88 - 90¾ 88 - 92¾ 90¾- 933'
98 - 98 .... Income ... ............ . . . 6 100 -100 102 -102 99 - 99 9S - 98
.... - ... . ..... - .... .... - . ... .... - .... . ... - . ... ... . ...
MlcbiganDiv ......... . 6 114 -115 113½-113½ 110 -113 114 -'!.14 110½-110¾ 115 -115 118½-113½ 115 -115 .... - ... · Jlll¼-111'.% 112 -112
ft.shland Div., l8t . . . . 6 116%-117¾ ...
... . 113¾-113" 116 -116 .... - .... 114 -114 114½-114½ .... lll¾-111¾ 112 -112½ 113½-113¼
Mil. & No.-ll!lt, 1910 .6 105½-110 llO -110 110 -111 109 -110 110 -111 106¾-108½ 108½-109 108¾-10;) 108½-109 108½-108¾ 108¾-109½ 106 -106
1st, on exten., 1913 .. 6 104¾-108 1073,i-108¼ 108 - 108¾ 107 -108¾ 107 -108 105 -106¼ 106 -107 107 -107½ 107½-108 107¼-107¾ 107¾;-lC.8 104 -105
Minneap.& St.L.-lst. '7 105 - 110 102 -102 102 -103 104 -110 106 -106
91 - 91
93 - 03
... - .... 95 - 97 94 - 97 90 - 91¾
96 - 06
Iowa Extension ...... 1 95 -100 98 - 98 · ••· - .... 95 - 95 95 - 95
.. . .... . ... 84%- 84% 83 - 83 89¾- 89¾ 86 - 86 80 - 80
2d mort., 1891 ..... ... 1
... . .... - .... .... - . .. , .... - ... .. .. - .... .. - .... ..... - .... ..... .... . .... - ·-· · 60 - 60 .... - . ... .. .. - ....
So.West. Ext., lst ... 1' .... - .... ... - . ... .... - .... .... - ... ... - .. 75 - 75 . .... - .... .... - . ... .... - . ... . ... - .... . ... - . .. 82 - 82
Pac. Ext. 1st ........... 6 ... - .... ... - . ... ...
. .... - .... .... - ...
... . ... .... 95 - 95 .... - .... .... - ... ..... - ....
Imp. &equip., 1922.6 53 - 55 59 - 59 ....
.... 51¾- M¾ 50%- 53¼ 50%- 50% .... - . ... .... - . .. . . .. - . ... 56 - 56 56 - 56 .... - ...
Minn.&No.W.-lst,g .. ~ .... - .... .... - . ... 98 - 98 IJ8 -100¼ 100¼-100¼ .. . - ... ...
.... 95 - 95
... .... - .... .. .. - .... . ... - ....
.... .... 92¼- 93 92¾- 92~ . .. - ... .... - ... . .... - .... .... - . .. ....
Minn.S.S.M.& A t.lst .~ .... - .... ... - .... .. .. - . ... ....
60½- 63
lllo.K.&T.-Gen. con .. 6 68 - 73¼ 68 - 71 60 - 68¾ 60½- 69% 61¾- 70 57¾- 68¼ 65 - 68½ 65 - 68¼ 64 - 68¼ 60¼- 64½ eO¼- 64
54¾- 6114 50¼- 61¾ 58 - 63
Gen.consol, 1920 .... a 59 - 63¾ 51J - 62½ 50¾- 59 52 - 61
56 - 59'.l'.,,i 55½- 58¼
55½- eo
60 - .64¼ 59 - 63
89½- 913'
94¾99½
94¾99½
Consol., 1904-5-6 .. .. '7 104¼-106½ 00 -102¾ 00 -101¾
93 - 98
95¾- 98
95 - 98½ 92 - 96¼ 88½- 04½ 89 - 92
Mobile & Ohio-New .. 6 108½-116 115 -115 lll¾-113 112 -115 113¼-115¼ 110¼-113 112½-112¾ 113,¼-114 113¾-114½ 113 -113 114 -114 110),g-1103'
1st, exten., 1921' ...... 6 105½-105½ .... ... - .... .... - .... .... . .... ... . 10-l½- 104½ .... .... 103¾-104 103 -103 .... - .. . ....
45 - 50
48¼- 50
1st pref. debenture ... '7 45 - 50 49¼- 51
48 - 51
46 - 48¾ 49 - 51% 52 - 54¼ 54¼- 54½ 56 - 56
- .... ....
28 - 29¾ 25¾ -27 .... - .... .....
2d pref. debenture .... 1 25 - 26
26 - 28
25¼- 28½ 25 ~ 28
.... · · •· - .... . ... - . .. . .... - . .. ....
21
24¾27
3d pref. debenture ... .1 20 - 21
24
!.-.1 - 23½ 20 - 20
24¾- 26¼ ••·•
.... . - .... 25 - 25 .... - .... .. .. - . ... ....
20¼- 23½ 24¾- 24½ 22 - 23¼ 25¾- 25¼
18 - 21
4th pref. debenture .. '7' 18 - 18 19¾- 21
- ... , ... .. . ... - .. .. .... - . ... ....
.... - .... 38 - 48½ 42¾- 47¼ 47½- 50 47 - 49¾ 48 - 50 45 - 49 38 - 42~
....
Gen. M., 1938 .. ...... .4 ... - .... .... - ....
....
.... 72 - 72 .... - . ... 73 - 73 72¾- 72¾ .... - . ... . 72 - 72 .... St.L.& Cairo-Guar.4 ...
.... ...
.. - .....
Morgan'sL.&T.-lst .. 6 ....
.... .... .... 107¼-107¼ 108 -108 .. - ....
- .... 106 -106 llQ¾-110¾ lll¼-111¼ .... - . ... 109½-109½ . ... 91
Mutual Un. T.--S.F. .6 84½- 86½ 88 - 93½ 91¼- 93
- 93¾ 90½- 98½ 92 - 93¼ 92½- 00
97¼- 98
94 - 94¾ 94¼- 00
96¾- 97¾ 96½- 98
Nashv.C.& St.L.-lst.1 128¾-130 1 9¼-130 129¾-130¾ 129¾-130 180 -130 180 -132 1Z9¾-130 121)%-130 129 -130 130 -13() L29¾-la0¼ 133 -18
107¾-108¼ ....
2d, 1901 ................ 6 105¼-106 106 -106 · ••· - .... .... .... ....
... - ....... - .. ... 108½-108½ 108½-108½ 110¾-11
.... Consol.g., 1928 ...... ~
.... ....
98 - 98¼ {18¾-100
•• !•
· ••·
99¼-l~ 99¾-100¾ 97¾- 98½ 98 - 98¾ 98¾- 9
New J. Junc.-lst ... .. . 4 ....
.. ..
- .... .. .. . ... 102½-108¼ 103 -103½ 104 -104 103¾-104 .... - .... .... - ... . .. ... - .... .... - .... . ... - .
...
.
New J. South.-Gnar .. 6 99 - 99¼ 00 - 99 ..... - .....
..... ....
- . .... - .... .... - ....
- .. . - .... · ••· ....
N.O.Pac.-lst, tr. rec .. 6 75¼- 80
77 - 77½ 75 - 77¾ 76¼- 83¾ 81 - 83 .... - .. ....
.... ..... - .... .... - .. . . ... - ... ....
... ..... - . ...
N.Y. Central-Ext •..... ~ 104)4-105 105¼-106 105 -106¼ 105¼-106 103 -104½ 104 -106 105 -105% 106 -106¼ 106 -106½ 105½-107 10312-104¼ 104 -104
N.Y. C.& H.-lst,cp .. 1 132¾-134½ 183½-135 183¼-134 183 -134½ 133¾-135 136 -1~ 133 -134½ 134¾-135 134½-135 135 -136¾ 186½-136½ 186½-137
lst,reg .......... . .... .1 132¾-134 134 -134¾ ....
.... 183 -133 133¾-135 181 -134½ 132 -183¾ 132)4-183¼ 183 -134 134 -134 135 -136 136~-135
1
Debenture . ........... ~ 109 -109½ 110 -111 10$¾-109 1
111~-lll¾ no -110¾ 110¾-11!»£ llQ¾-111 llQ¾-111
Registered ... .... .. /> 109 -109l}fi 110½-110½
. - ..• '"'.": "'.'.'
110¾-110¼ . . • . - ••• ..... - .
111 -111 ......
Ca11.. So.-lst, a-uar .. . . ~ 105¾-107 105¼-107 105 -106 105¼-106¾ 106)4-108¼ 108 -10~ 100 -107¾ 104:14-107¾ 104!14-106 104¾-106¼ 106 -107¼ 107½-109
2d mort. .. ... .. . .. . . ~ 92}4- 94½ 98 - 94½ 89)4- 91¾ 8"¼- •• 1D1 - . . .,,._.. ..,... " " ' .. - D6'1il Dl)'- .,
91¾- 93
91¾- 92% 91 - 04
Harlem-1st, coup .... '7' 128¾-130 131 -181~ 180¼-181" lS0¾-181 128 -128 [128¼-129 131¾-181¾
183¾-133¾ 130¼-130¼ 130½-131
1st, reg ... ........ .... '7' 133 -188 180 -131 132 -132 127¼-131 127½-128¾ 128 129 , 1293';'l303'
=182¼ 133 -133¾ 130 -130:!,ii 130 -1S1
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https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
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RAILROAD BONDS.
1888-Continued.
J.ANU.ARY FEBR'RY.
BONDS.
M.A.R0H.
APRIL.
M.AY.
JUNE.
JULY
AUGUST. 8EPT'BER. OCTOBER. N0V'BER.
DE0'BER
Low.High Low.High Low.High Low.High L ow.High Low.B:lgh Low. High Low. High Low. High Low. High Low. High Low.High
··- - - ----- ·- - - - - - ----· - - - - - - · - -
·- - - - -·t ----1--·--
N. Y.Chic.& St.L.-1st.4 !!6¼- 90¾ 88¼- 90 88%- 89¾ 86½- 00 89¾- 90¾ 90¼- 92 92 - 93 92 - 9294 91;J(- 93¾ 91 - 91¾ 91¼- 92½ 91 - 92
N. Y. Elevated- 1st ..... ? 114¼-ll7½ 114½-116 114 -116 114 -116 115lj(-117~ 117½-llS½ 114 -115 114%-116½ 115½-117 116½-U-7 116½-117¼ 117½-120
N. Y. & N. Eng.-1st ... 7 121½-124½ ... . - ... .. ... - .... 122½-125½ ..• - ....... - ......•. - •.•..... - .... 124¾-124½ 125 -125 .... - •... 126½- 126¼
1st, 190ii .... .......... 6 112 -112 . . . . - . . . . . . . . - . . . . . . • • - • . . . . . . - . . . . . . . . - • • . . . . • . - ••• . . • • • - . . . . . . . . - . . . . . . . . - .. . . 115 - 115 115!Jfr-115¾
N.Y.N.H.&H.-lst,rg,4 !.... - ... 105 -105 ...• - ........ - .....••• - ........ - •.. . .••• - •• •.•.•• - •••••••• - .•.. lll¾-111¼ 110 -111¾ 110 -ll()y.£
N.Y. & North.-1st, g.:i 102¾- 106 105!,f-lC,6 106 -107 105 -105 105 - 108 107¼-lCS . •.• - •...•••• 108½- 108½ 105½-107¼ 107½-107½ w;l';-107¾
~d, gold, 1927 .... ... .. 4 50¼- 57¾ 51 - 54 52¼- 54
51 - 58¾ 50 - 54
50 - 50
51 - 58
56 - 58¼ . ••• - . . . . 55 - 57¾ 55½- 56
52 - 52
N. Y.On. &W.-lst, g .. 6 109 -113 llll,(-118 109 -110¾ 110 -112 110¼-114~ 112¼-llS 113¾-115 118¼-115 111¼-112 110½-112 110½-112 lll½-113
N.Y. Susq.&W.1st refund, 1937 .... .ii 91 - 98
91¾- 92½ 90 - 92
90¼- 92'¼ 92¼- 92¾ 92 - 94½ 92 - ill¾ 94¼- 95¾ 94½- 95¾ 94¼- 95
ll4½- 95
9.t¾- 973,s
2d mort,, 1937 . .. 4½ 75 - 75 .... - ... . .•.• - •.... ••• - ••.•.• - .....•.• - .... 7-l - 77¼ ...• - ........ - ....... - ........ - ........ - ••
Nort.& West.- Gen. M.6 112¼-ll?¼ 116 -117 116¼-118 118 -118 11614-118 .... - .... 11$½-120¾ 120 - 120½ 120 -120 119¼-120 116 -116 116¾-117
New River-lst .. ..... 6 . ... - .. . ..... - ....... . - ..
.. - .... 113)4- 114 .... - ... . 115 -115
..• - ........ - .. . .... - .... 111 -111 .... - .. .
Imp. & ext., 1934 .. .. 6 100 -101 102 -102 102½-102¾ 105 -105
. .. - .... 113¼-118½ .•.• - .... 109 -109 106½-106¼ .... - ........ - ........ - .. .
Adj, mort., 1924 ..... 7 104 -104 . ... - .......• - .... 108 -108 110 -110 . ... - .... 112 - 112 112¼-112½ .••. - ... ..... - .... 109 -109 . ... - ... .
Og. & L. C.- lst,con ... 6 101)4-101¼ .... - . . . . .... - ........ - .... .... - ..•. . . .. - .... .... - .... ..• - ........ - ........ - ....... - . . . ..... - ..•
Ohio & Miss. Con.s. t .. '1114½-115 115¾-116½ 116}(-117 116 -117 1!7}(-117¾ 117¾-119 115}(-115½ 117 -117 117 -117 117 -117¼ 117½-118 . .•. - .. .
Consol., 1898 .......... 7 114½-115 115¼-115½ 116¾-116x lld¾-116;J( 116¾-117~ 117 -119 115 -116 117 -117 117 -117 117:1,(-117¾ 117¼-118½ 11' ½-118¼
2d, consol., 1911 ... . .7 117¼-117¾ 117 -1!8 117¾- llSh 116 - 117 117 -118¼ 117 - 118½ 118 -119 . ... - ••..... . - ... . 117)4-119¼ 119 -119 119 -119
ht, Springt. Div ...... 7 . ... - ... . 108 -108 .... - ... . LQ0¾-109¾ .... - .... 106!1(- 106¾ .... - ........ - ........ - . ... ..•. - .... 106,i!-106¾ 106¼-1{)6¾
Gen. mort , 1932 . . . . O .... - .. . .... - ..•. . ••• - ••. . .. - •.. . 96 - 96 ... . - .......• - . ....... - .... .•. _ ... . .... - ... . ... - ........ - .. .
Ohio River RR,-lst .. 6 97 - 97 .... - ..•..• .• - ......•. - .. .. ... . - . . . . .. - . . ...... - . . ...... - ........ - .... . ... - .... .. .. - . ..... · · - · · · ·
Ohio :Southern-1st . ... 6 99½-104 102 -104½ ••.. - •... 1.02¼-105¼ 105¼-106½ 102 -102¾ 102¼-103 103½-104¾ 108¾-105 105 -105¼ 105 - 1 6 103 -104½
2d, Income.. .. . ...... . 6 81½- 84 32¼- 38½ 29 - 32
29 - 40
35 - 38½ 88 - 37
36 - S8
37 - 42¼ 42¾- 49
45 - 50
43½- 45¾ 40¾- 46
Omaha& St. L.-lst .. 4 75 - 76 73 - 75¼ 70 - 74 71¾- 73 72 - 78 72 - 75
73 - 74½ 78 - 78
72 - 73
78 - 74½ 73¾- 74½· 73%- 74¼
Ort>gon & Cal.-lst . .. ii .... - .... .... - .... 91¼- 91¼ . ... - •.. .. ... - .... 96 - 96
94¼- 94¼ ...• - .. . .... - ... ..... . ... - .. .
Or, R'y. & Nav.- lst ... 6 109 -110 108¾-109½ 109)4-109% 109¼-110¾ UQ¾-113 111 -112 109!1,i-110¼ 109¼-110 109½-110 109),s-lll 110:1,(-111½ lll½-118
Consol., 192~ ......... :i 96)4-100 99¼-100 98¼- 99¾ 09 -101¼ 102 - 104 101 -102 101¾-108 102~-104 102½-lOS¾ 102¼-104 104 -104;.{ 101 -102
Orea-. Imp. Co.-lst .... 6 94¾-100 98¾- 90~ 97½- 98½ \17 -102¼ 101%-105 100¼-101½ 101¼-104¼ 104 -104½ 104½-105 104¼-106¼ 105:1,(-108 l037.,fr-l05¼
Orea-on Trans.-lst .... 6 98 - 96 94¼- 96½ 94½- 96½ 95 - 99¾ 95¼- 09¾ 9e - GS½ 97 - 99¾ 99¼-100¾ 101 -102½ 102 -103 100¾-102¾ 101 -101¾
Pacific RailrondsCent. Pac., a-., 189ii .. 6 118½-114 113¼-118¾ 114 -114% 114!Jt-114¾ 114¾- 111:½ 111\ - 116 113½-113¾ 114¼-114¼ 114¾- 114¾ 115 -115 .... - .... 114:1,(- 115
Gold, ·1896 . ........ . 6 113¼-l!.87~ 113¾-118¾ 114 -114¼ 114:1,(-115 114%-1!5% 116 -1163,s 118¼-118¾ 114½-114¾ 114¾ ·111~ 115 - 115¼ .... - .... 114¾-116½
Gold, 1897 ... ... ... . 6 118½-113¼ 114 -114 114 -114¾ ~14¾-115 114¾-115% 115%-116½ 11~114½ 114¼-114¾ 114¾-115 115 -115 .... - .. .. 114¾-116
Gold, 1898 .... . ...... 6 118½-114¼ 114¼-114¾ 114 -114¾ 114~-115¼ 115 - 116 116 - 110½ 114 -115 114%-115¼ 114¾-115 115 -115¼ 115 -115¼ 115½-117
San Joaquin Br .. ... 6 114¾-114¾ 115:1,(-115¾ .... - .... 118¼-113¾ 118¾-114¼ ll,i¾-114¾ 116)4-116¾ ...• - ........ - .. ... ..• - .... ... - . ... ... . - •.•
Cal. & 01·e., s. "B" .6 . . - .... 102 - 102 . . . . - . . . . . . . . - . . . . . . . . - . . . . • . - . . . . . . . - . . . . . . . . - . . . . . . . . - . . . . . . . . - . . . . • ••• - .. .. •,, .
◄.Land grants ... .. ..... ti 102 - 103¾ 108 -103 102½-108 100 -100 101)4- 102 102¼-103
- .... 103 -108½ 103½-103¼ .... - ... . 101 -101¾ 101¼-102¾
1
lllo1·t. bonds, 1936.6 102'.tfr-108¾ 103)4-:043,s 103¼-104¾ 101¼-102¼ 102 -102¾ 102¾-108¼ 102 -1 02½ 101¼-102½ 102%-1C5¾: 102 -108¼ 102¾-105 104¾-105¾
Western Pac . . . .. . .. . 6 110¼-111 110¼-111 112 -112 · lll;J(-112 118 -118 115¼-115,¼i 112½-112¼ ..•. - .... 112½-112½ 112 -112½ 112¾-118 113½-114¼
No,Pac.-Gen.lst, l,g6 115¼-116¾ ll5¼-116¾ 116¼-117¾ 1173,s-118¼ 118 - 118% 118½-119½ 116 -117½ 116¼-116½ 116 - 117 116 -117¼ 116)4- 117½ tl?¼-119
Gen.1st, I. g,, rea- . . 6 .... - .... 115¼-llJ¾ 115¼-117 117 - 118 118½-118½ 118 -119,¼i 116;.{-116¼ . ..• - .... 116 -116 116)4-116¼ 116}:!-116½ 114½-118
Gen., I. g,,2d,1933 .. 6 102 - 105½ 104 -105½ 105 -105½ l02 -1053,s 1053,s-l~ 106¼-107 107 -!10¾ 110¾-111¾ lll¼-118¾ 109 -110 108)4-11 0¾ 109 -111
Gen. g., 3d, 1937 .. 6 .... - ... . 90¼- 91 91 - 91¾ 91½- 92¾ P2 - 93 89 - 903,s 89"si- 96 94%- 97 . 9i½-101
98)4- 99
98:1,(-100½ 96¼- 97¼
St. Paul & No. Pae.ti 118 -119 llf>¾-116¼ 115 -llf>l}.( 115 -115 116 -lld¾ 115½-117 ...• - •.. . 11~116¾ 117¼- 117½ 11~-120
- .... 120½-121¼
JamesR.Val,-Jst.6 .. . - ... .. .. - .... 104 -104 .... - .... .•• - ......• - . .. ....• - ......• - ... . 105 -105 .. •. - .......• - •.. . •... - •·· ·
Spokane & Pnl.s.f.6
- .... .. .. - ........ - ...... .. - . ....... - . . . . 99 - 99
99 - 99 101 -101 101¼-103 102 -104 101~- 101½ 101½-101¾
Dul. & illan ,- lst ... 6 ~00 :..100 99¼ 100 99½- 99½ 99%-100 100 - 100 102½-103 100 - 100 100 - 101¼ 100¾-101½ 101¼-102¾ 102 -102 102½-104
Do.Dak.Div.,lst.6 .... - . ... lOJ -100 ..• - ... . .... - .... .... - .... 100 - 100 100 -100 ...• - .... 101½-101½ 101¼-101½ 102 -102
99½-100
No. Pac.Ter.Co.-lstti 99:1,(-102½ 102 -102½ 101 -102¼ lOu - 102 02 - 105 105 -105½ 103 -105 104~-105!,,i 104¼-106 105¼-106 106 -106¼ 106 -106¼
!So. Pnc. Cal-1st ..... 6 lll¾-118 112¾-113¾ 114 -116 lll¼-112¼118¼-114¾ 114½-115 115 - 115¾ 1153,s-115¾ 115 -115 112 -112 110 - 112 111 - 112¼
So. Pac., Ariz., 1st . 6 .... - ....... . - .. . .... . - . . . . . .. - .... . ... - .... 108¾-108½ 105 -107 107 -107¾ 107½-107½ .•.. - .... 108 -108 105 -109
~o. Pac. N.Mex,-lst 6 105)4-107~ l077A-108 108',.(-108¾ 107½-107½ 107¾-108¼ 108¼-108¼ 106¼-107~ 107½-107¾ 107½-108½ !07¼-108½ 108)<!-109 10 ¼-"CS½
Union Pac, - lst, '96 . . 6112½-114 113¼-114 118¼-114 113¼-114¼ 114¼- 115¼ 115 -116½ 118 -114¼' 113¼-114 118 -113¾ 113¼-114¼ 113¾-114¼ 114 - 115
1st, 1897 . . . .......... 6 112¼-113~ 114 -114~ 113¾- 114½ 113%-115½ 114¼-115¾ 116¼-117 113)4-115 114 -114¾ 113¾- 114 114 -114 114¼-115 114¾- llf\}d:
1st, 1898 . . ... ..... .. . 6 112¾-114% 114¾-115 lU¼-114~ 114¼-115¾ 115¼-117 116 -117¾ 113?1!-115½ 114%-115½ 114¾-115¼ 115 - 115½ 115¼-115¾ 115~-116¼
1st, 1899 . .. .. ...... . 6 114 -114 114¼-1153,s .••• - ..•.. 114¼-115¼ 115¾-116,¼i 116¾- 1!7½ 114¼-116 115½-116 115½-116 116¼-116¾ 117 -117½ lli½-117~
Land grants .. ... . .... 7 .... - ....... - . ; . 1043,s- 1043,s 100½-100½ 102 -102 .... - . . .. . ... - .... . .. . - . . .. . . . - •.....•. - . .. 101 -101 .... - • • • •
8inklng fund ......... 8 118 -1!9 11$¾-119 114 - 115 113¼- 116½ 117 -121½ 120 - 120% 120 - 121 120~-121 .... - .... 118 -120 119 - 121 119 - 110
Registered ........ .S 118 -118~.( 118½-118},i 114 -114 115 -115 119½-120 120 - 120:!,4 1~ -120 .... - .... 116 - 116 119 - 120 119 - 120½ 118 -110
Collat. Trust ........ 6 .. .. - ... 106½-106½ .. •. - ... . ...• - .... 106½-106½ .... - .•..•.. • - ......•. - .. 105 - 105 .... - .... ...• - ... . •••• - • •·
Coll at. Trust ........ 6
- . ... 95 - 95
95 - 95 .... - ..•. .. .. - .... •••• - .•••, •••• - .....••• - .•..•••• - . .. . .... - .....••• - . . . . l:J7 - 97
K. Pac.-lst, 1S9J.6 112 -112½ 109½-109¾ 109¼-110 110¼-110¼ 110 -110 lll¼-112 112¼-112½ .... - .... llQ½-110½ 111 -111 .... - · ·•·
1st, 1896 ........... 6 110 -111 109~-109¾ llOJ.s-110¾ 110 -111¾ 112 -112 110 - 112 110¼-110½ llO!ij-110¾1·· · · - .... 111 -1UJ4 lll¾-112¾ 109 -109
Dem•. Div.- Ass'd 6 ... . - .... 114½-115 115¼-11~9 114¼-llR 112¾-112¾ 1183,s-113¼ 118¾-118¾ 115¼-115¾ 116 -116 116 -116¼ 113¾-114 11!! -118¼
1st, consol.. .. . .. . 6 101¾-105 104 -105¾ 104¾-106¼ lO!l!J.(-109½ 106½-110¼ 108 -100 LOS¼-::.09½ 109 -109¼ 1109¼- 110 109¾-113¼ 110¼-111¼ 111 -112½
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..
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Oreg.. Sh.Llne-lst .. 6 lOQ¾-103½ 100 -101¾ 100½-102 100¼-105½ 105¾-10\J
Utah South.-Gen .. 7 94 - 94 98:l-11- 03½ 91 - 91 96 - 96
94 - 00
Ext'n, 1st, 1909 ... 7198 - 94 87 - 90 ...• - . .. 92 - 92
92¾- 95
Mo. Pac.-lst cons .... 6 112 -113½ 112 -113½ 1107 -111}1 1103,s-112 107¼-109
~~u!:~~"i"fi:i,::::!/1~~ =1~~~
~~~½=11.~ ..
~~~=l~~ . . ~l~
=l~~-· 116 -117
104 - 105½
107¾~189½
98 - 100
.•.•
110 -112
~~~ =l~t~.~~l~~ .. 105
=l~~.
1(17 108}(
98 - 101½
93 - 95
108¼-110
106 -107lk!
100½-100¾
94¾- 95
112¾-113
-110
-103
- 99½
-113
=11·7··
=1~~ ..
=l~~ ..
103 -105
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109¼-112½
107 -107
105 - 107½
109¼-110¼
-11.~ .. 1:~¾=1:~¾ :::: = ::: ·
=1~~ ..
•··· - · ··•
105½-107¾
97½- 98
··
- ····
114¼-115½
114~.(-115¼
•··· ··
116¼:-116¼
103 -103-'.}.!
108
100
97
113
Pac. of Mo.-lst ..... 6 102¾-103½ 100¼-101½ 101¼-101¾ lOl!Jfr-102 102 - 102¾ 102¾-10~ 102¾-108 .... - ... . .... - . .. . .. . - .. .. •··• - · · · ·
2d, 1S91 ........ .... 7 104 -104¾ 105¾-105¾ . • . . - . . . . . . . . - .... 108 - 108 • . • • - . .. . 105 -105 105 -106 . . . - ... . 106 - 106 106 -107
1st Ext., 1938 . . .. . '1 .... - ........ - . .. . . ... - ........ - ... ... .. - ... . .... - ........ - . . . . .. . - . . .. 97½- 98¼' 97½- 98
97¾- 98½
St. L.&S. F.-2d,cl.A6 118¾-118 ...• - ... . 117½-118 118 - 118 115 -116 118 -118 119 - 119 118 - 118 118½· 118½ 117¾-118½ .. .. - · · ·
CIR81'f "B" . ..... . .. ... 6 115¾-118½ 116¼-117 116 - 117½ 116 -117½ 116 - 116 116 -119½ 118 -119½ 118 - 118
116¾-118½ 117¼-118 114¼-116
Class "C" .......... .. ff 114 -118 116½-11·7¾ 117 -117 116 -117 114¼-116¾ tlo - 118 119 - 119¾ ...• - .... 116¾- 116¾ 117¾-117½ 114)4-116
Equipment ... . ....... 7 105:l,,z-105½ 107 -107 .... - ... . . . - ........ - ... .. . . - ... ...• - .... ... - ....•••• - .... 108 -108¼ •••• - • •
Heneral mort . .. .. ... 6 ll~¼- 115 . 114}9-ll~ 115¾-116 11~-116:!,4 115%-117 117 - 118 115 -115½ 115¼-115½ ••• - ... . 115 -116¾ 115 -115
General mort .. ..... .:i 100¾-102:!( 101%-108 102¼-103 102¾-103½ 103¼-104½ 104 -1053,s 102¼-102½ 101~- 102 101 - 102¾ 101¼-102¾ 101¾-103¼
1st, Trust, 1987 ... :i .... - ... . ... - .... ... - .... 97}4- 97½ 97 - 98 98 - OS ...• - .••..••• - . .• •••. - •··· •··· - •··· ···• - · ···
So.Pac.ofMo.-1.st .. 6 LOO -101 1013,s-101¾ 101~-lOl!Hi 101¾-102¼ 1()2¾- 102¾ 10~- 102¾ . ..• - .... ...• - ........ - ... · ... . - · · · · · · ·· - · · · ·
K. C, & S. W,- lst.6 .... - ........ - ....... . - ..... . .. - .. ... ... - . ...
- ........ - ... . 100 -100 ..•• - .......• - ... ..... - ....
Texas & Pac,- lst ... 6 106 -114 .... - ........ - .... 107 - 107 107 - 110 109½-110 .... - . . .. 110 -110 •••• - • •· • •. •· - • • • • • •·· - • ···
Consol. T1•, 1·'c'pts .6 99 -104;J( 108¼-104¾ 102¼-104 l0l¾-1C7 106 -106~ ...• - .... .••• - ......• - ... • .. .. - ....... . - ... . · · · · - · · · ·
Inc.& I. a-r., tr. rec . 7 47¼- 51¾ 48¼- 50 42 - 48 41 - 50~ 44 - 48½ 48½- 44¾ ..•• - . . . • •• • - , • • • .. •. - • • .. . ... - • • • • · ·· · - • · · ·
lst,RloGr. D,tr,rec.ti 65¼- 70¾ 67¼- 70¼ 65 - 68½ 66)4- 78½ 69~- 72lJ.( .... - ...... . • - . . . . . •• - ... , .... - • • • • , ••• - • • • • .. · · - · · ·
Gen.M.&Ter,tr,rc.6 60 - 62
60 - til
62½- 62¼ 59 - 64
EU½- 61¼ ...• - .......• - ..
... - •··· •··· - •··· •·· - •·· · · · · ht, gold, 2000 .. ... :i .... - .. .. . .. . ;. .. ...... - . ... .. .. - .... 9-2 - ll3 92½- 94¾ 94½- 95¾ 941,(- 95¼ 93½- 9-1¾ 933,s- 94¾ 93½- 95
2d, g., inc., 2000 . .. ii .... - ........ - .. . .... - ........ - . .. . 39¾- 41¾ 88¾- 40¼ 39¼- 44¾ 48 - 45 42 - 44¾ 40¼- 48¾ S8 - 42¼
Pennsylvania RR.Penn. Co.- lst, cp. 4.½ 105½-107 106¾-106¼ l~-107¾ 107¼-108 109 -109 109½-109½ 100 -109 108 -109 108 - 109 108 - 109¼ lOS;J(-109!,Q'
Relli..tered ... ... .. . 4¼ 106¼-105,½ 106 -106,. 105%-106~ 1071,,(-107¼ 107½-107½ 108 - 108¼ 107 -107 106¼-106¼ 105½-106¼ 106 - 106¼ 107 - 10
I
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~d., 1912 ....... .. .. . ?
:Jd., 1912••••••• •••• .. '7
Clev.& P,-Cons.s.fd,7
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~m~ .. ...... .... .o
183)4-140
186¼-187
187 ~137
141
188
••••
. ... - . .. 126
106~-106¾ ....
112 .. us .. ..
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Federal Reserve Bank of St. Louis
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109½-110½
106 -110
10;; - 110
109:1,(- 110¼
107 - 108
98½- 100
95 - 97
112 - 113
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108)4- 109~
107 -103
1
-141¾
-158
- ••••
-126
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188 - 188),. 1S8¼- 188½
•••• - •••• 13l¼rl31¾
128¼-126½ l~aj-l~
1 ~-106¾ !Q6~lQ7~
- ... 114 414
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lQ&r :-!93
=1« · 1i44 =144 ..
140)4- 141 . . ., ~ ... 140 -UO ..•• 141 - 141
... - . .. . l42¼-1423,s
135 -11J5 •••• - .. .. •,r• - •••• • i, • • •••• ••• - •••• 135 -135 •••• - •••• •••• - ••••
12& ..J~¼ 1~ -128 .. ,. = .• . l~~-128½ 128!J.t-l2e,t 129~129¼ 128 -128 126¼-126¼
10T!Jfr-io1~ io7~T107~
101~~1os~ .• ,. - ... . ...• .,. ·· :, ~01~-101}( .,. - .,,.
n1 4l'7
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RAILRO.AD BONDS.
1888-(Jontinued.
,JANUARY FEBR'RY.
BONDS.
MARCH.
APRIL.
MAY.
JUNE.
JULY.
AUGUST. SEPT'BBR. OCTOBER.I NOV'BER. DEC'BER.
- - - - - - - - - -·--
Low.High Low.High Low.High :1-ow.Higb Low.High Low.High Low.High Low.High Low.High Low.High ~ow.High Low.High
Peo. Dec.& Ev.-lst .... 6
2d, 1927 ............. .. ~
Evansv. Div .... ... .. . . ti
Peoria&Pek.Un.-lst.6
2d mo1·t., 1921 ..... 4¾
Phil.& Read.-~d ser .~
Incomemort., '96 .... 1
Gen. mo1·t,, 19~S ..... 4
1st p1·ef. inc., 19~8. ,i>
l06
72
104
U2
73
74
2d
pref, inc.,
inc., 19~8
3d pref.
195S ....
.... 55
3d p1•ef. inc., conv .... 5
Defer1·ed income ...... 6
.... - ........ - ....
74¾- 75
71¾- 74
103 -105 102 -103
- ....
109
69
105
....
-110
- 72
-107
-
75 82 - ........ - ........ '-
108¾-112
69½- 70
102 -102
- ....... - ........ - .... 114
71 - 7 2½ 70½- 73
73½- -76¾ 75
102 -lOS 104 -104 104 - 105 105
- ........ - .... 110½-110½,110
- .. .. 70 - 70
70 - 70 . .. . - .. .. 70
75
• .. . .. .. - .. .. .. .. - .. .. .. .. - .. .. . ..
82 .... ··· : .;;.;~ ·~~·,,,: · ·;;1· ..
... · ·:;
8811
8J
.. .. .. ..
7'l
o;,74
oc-7'.a
2 8 9711 88 74 o 9
.... ,.... - ........ - ... . 85¼- 89¼ 88½- 89¾ 88
.... -
...... - ... . ....
=
- : · :: ~~7·½ =1~~ ·· :: =
-114
- 77¼
-107½
-110½
- 71
. .. 1. . . .
:::·1 :·::
.. ...... - ....
-
... ,
....
-
....
= :::: :::: = .::: :::: -
R~::~:t~~t::~~~~~~.: : iis
114 -114½ 114½-115½ 115¼-116
·oo ss.. ·ss =s.q .. ·s2~ 85 .. ·a.;;½= ss .. ·so 86..
=1i5¾
ii!~~i~ !!~ =!!~
-108
- 66
-105½
-114
- 69
...... - ... . 1107/4-110% 111 =l~~ .. 95 _ 97
75¼ 72½- 76
75 - 78¼
1
~g
108
65
104
114
69
88% SB¼- 88¾ 88¼- 90½
- 90¼ 89 - 90½ 89 - 91½
75½- 78¾
69½- 75¾ 74¾- 76¾ 72 - 77½ 74¾- 77¾
59¾- 64¾ 64¾- 67½ 59¾- 67
60 - 63¾ 60 - 62¼
66¾- 67 .. .. - .. .. 62 - tl2
50½- 60¾
21 - 25
22½- 22¾ 20 - 20 .... -
71¼- 71¾ 70½- 75
72 - 74½ 78 - 78
73¼- 77
75½- 77
73½- 74¾ 75 - '.5¼ 74¼- 75½ 74 55 - 50½ 55 - 56¾ 58 - 54¾ 5L - 55
52½- 55½ 54 - 59¾ 55 - 58¾ 56 - 62
56!,<i- 60
59½.. .. 53 - 53
58~-- 53¼ . . .. -_ ... j 58 - 58 . .. . 58¼- 5S¾ .. .. . .. . .... . . . .
. . ..
60 -
.... -
114 -114
72½- 73½
105 -106¾
110½-1103,s
69 - 69
v: ;
__- ·: ·:·:·: .· ·:·:.·· =_ ·:·: :..:i·:.··:·.·.
....
.... -.. .. -
109 -118¾ 1127"'-114% 118½-115
1
1
=:
=
Con . M., gold, 1936.5 . ... - .... 82!,.;;- 82½ 82 - 88
Rich.& West Pt. Ter.6 . 88 - 91 86.½- 87¾ 86 - 88
Dt!~~t;i;~ ~~::::::~:::.~
106 -109
71 - 75¾
lOl½-104
110 -110
76¾- 76¾ .. . • - .. .. 75 - 75
.... - .... 85¾- 85¾ ... -
.... .... -
:::!:~p~!~~z;1.-~"~s;:: ::::
Pittsb. & West,-lst .. 4
Rich, & All,-Tr. rec .. 1
Stamped.... . .. . .. .. .. .. ..
Drexel, M. & Co., 1·ec,
2d mort. D1·exel rec....
Rich. & Danv.--Cons .. 6
-109
- 75
-106
-112
- 73
- 76¾
ll3%-114
114 -115
95. ::::
115 -116
::~=:
62¾ .. .. -
.. .. .. .. 61
58 - 60
57¾- 58¾
- . . . . 26½- 27
24%- 25¼
115 -115¾ 115¼- 116½ 116 -117
=
1.94½=
= ::::
94 - 95 .... 93 - 98
80 - 8~ 88 - 84
88½- 84¾ 85 - 88¼ 87½- 89¾ 88 - 90¼ 87 - 89
85 - 87½ 86 - 86¾
85 - 88¾ 88¾- 90¾ 88 - 90½ 91 - 98¼ 93 - 04¾ 93 - 95-¼ 96 - 99½ 98 - 99¼ 96½- 98
[iis -1i1 .. ll7¼-li7¼ ii5 =li6½1:::: = ::: . ii6 =1iti ..
!~1
=!!~~ ii4¼=1i4¼ :::: -
·:::lii.i -iii~
Rome W. & Og,-lst ... 1107 -107 109 -109 108½-108½ 109 - lOli¼ 110½-110¾ .... - .... 108 - 108¾ 109 -109 109¼-100¾ 109½-110 lll½-111½ .... - ....
Con., 1st, extended ... l'i 101¾-108 102½-108¼ 103 -104½ 100%-104¼ 108 -10~ 106 -108¼ 107¾-108 107 -108 107 -108 104½-105¾ 105 -106¾ lOll¼-107¼
8t, Jos,&G'd Isl.-lst.6 98 -101 100 -101¼ 100 -lUl½ 100 -108¾ 101¼-103¾ 102 -103 108 -104% 104½-105 105 -106½ 106½-107½,108¾-104\ia 108¾-104~
2d, income .. . ........... ~ 41 - 41 .... - ........ - ........ - .... 40 - 40 40 - 4.0 42½- 48 46 - 52
51½- 52 . ... - .. .. 49 - 49 .... - ... .
St. L. Alt.& T.H.-lst .7 118 -118 112¼ 11~½ .... - .... 113¾-114 114¾-114¾ ... . - .... 112 -112 IH -114 114 -114 114 -114 114 -114 117 -117
2d, pref.. ................ , 109 -UO¼ 10s - lu9 109 - 109 109 -109½ ... - .... 10s -110 .... - .... 108 -108 108 -109 no -110 t10 -no 107%-108½
2d, income ..... ..... .... 1 103 -103½ 104 -104½ 104½-104½ 105 -105 .... - .... 108 -105 .... - .... . . . - ........ - .... 108 -108 105 -105 105 -105
Dividend bonds ....... 6 38 - 88 .... - .... 85 - 88
40 - 40
89 - 40¾ 40 - 40¼ 39¾- 42¾ 40½- 41½ 41 - 41
40 - 40 .... Belle. & So. 111.-lst,8 .... - .... 119 -119 .... - ........ - .. . 116 - 116
Bell. & Caron.-lst .. 6 110 - 110 109 - 109½ 110 -111¾ 111%-112 112 -118 110¼-110½ 110 -111
- .... 110 -lLO
St.L.Ark.&Tex.-lst.6 98 -104 102 - 104¼ 99¼-102¼ 100 -101¾ 98 -100
99¼- 99¾ 98 - 100
98¼- 99¾ 98 -101
91 - 99¾ 87¼- 98
89 - 98
2d, 1936 ... ......... .... 6 40¾- 48½ 44¼- 47¾ 88 - 41
38 - 41
39¾- 40¾ 86¼- 88
37 - 38¼ 87 - 39
36 - 42¾ 82 - 4.i¾ 81¾- 34
31½- 36¼
St. Louis & Ch.-lst .. 6 .... - .... 88 - 110 80 - 85 86%- 87½ 84 - 85 ..
35 - 85 .... - ... 40 - 45 .... St. L.& Iron Mt.-lst .. 7 109½-111½ 108 -108 106¾-108 L07 -108.½ 108}4-109½ 109½-110 110¾-110½ 107:ij-108 107½-108½ 108 -108¼ 1C'8 -108% 108 -109
2d, 1897 ...... ....... . 7 109 -112 109 -110 106¾-109½ 105:14-108 105¼-106¾ 105 -106 106 -109½ 109½-111¼ 1087/4-llO 110½-110¾ 106 -107½ 106½-107
Arkansas Branch ....1109¼-110 109¾-110 l09%-109'U 107 -107 107¼-107¾ 104¾-105¼ 105½-107 107 -108 108½-108½ 108¾-108½ 108 -108~ 105 -105
Cairo &Fulton-lst.. 7 L05 -105½ 104 - 105 104 -104¾ 1037/4-104¾ 104!,4-104~ 104½-105 102¾-105 104 -104% 108 -104 104 -104¾ 104¾-105 104 -lOff
Cairo Ark. & Texas.,. 108½-110 111 -111 109 -110 106 -106½ 105½-108 105 -105 105 -107 107 -107¼ 107½-107½ 107½-108 107,¼-108¼ 104 -105
Gen. co-qsol. & I. g . . .. !; 89 - 92½ 88 - 90¼ 82¾- 87
80 - 86
81 - 86
80 - 83½ 84 - 67
85 - 88
86 - 87
84¾- 89½ 86 - 87
84½- 87
!!St. Paul & Dul.-lst .. 5 110½-110½ ... - .... 110 -110 .... - ........ - ...... .. - .. ..
~ d, 1917 ........... .... 5 .... ........ - .... ....
- ........ - ... 104¾-104¼
~t.P.M.&M-lstl909 ., 112 -112¾ 112½-118¾ .. . - .... 114 -114 114½-114½ 116 -117 .... - .... 113¾-114¾ 119 -119 116 -118 .... 2d mortg .• 1909 ...... 6 117 -118½ 118¼-118½ 118½-118½ 116 - 116¾ .... - ... 118¾-120 120 -120¼ 120¼-120½ 120½-120¾ 117 -1,18 117 -117½ 120 -120
Dakota Extension .... 6 116 -120 120 -120¼ 120¾-121¼ 120½-120¾ 115 -117 116 - 1167,ti 116¾-lLS .... - .... 118 -118 118½-118¾ 115½-118¾ 118 -118¼
1st, consol., coup .... 6 114½-116 114½-116¼ 114 -114 114 -116 116 -117¾ L20 -120 117¼-117½ .••• - .... 117 -117½ 118¼-119 118½-119½ 118 -118½
Reduced to ....... .. 4½ 96¾- 97 96½- 97 96½- 96½ 96¼- 96½ 96¾- 98 97½- 98½ 98¾- 96¾ 96¼- Sl6½ 96¼- 97¼ 97 - 97¼ 98¼- 98¾ 98¾- 99¾
Collat. t1·11st, 1898 ., .,i .... - .... . .. .... .... - ........ - ........ - ........ - ........ - .... .... - ........ - .... 96. - 97~
Minn. Union, 1st ..... 6 .. - ........ - .. . . 110¾-111 .... - .. . .. .. Montana Ext .. .1. st ... 4 E2½- 88¾ 82 - 88¼ 80 - 82½ 81 - 84¾ 84¾- Et!¾ 84 - 86¾ 86¾- 87¾ 86¾- 87½ 86½- 87¾ 86¾- 87¾ 86¾- 87¾ 88 - S!
Montana Cent., 1st. 6 .... - .... 111 -lll 112½-118
- .... lll½-111½ .... - ... lllll,!-111¾ .... San A. &Ar,P.,1916 .. 6 ... 90 - 90
88 - 88
91 - 91 .... 1926 ..... .............. .. 6 86 - 86 90 - 90 80 - 88 88 - 92¾ 89 - 92 91 - 91 89%- 90¼ 90 - 93¼ 91 - 93 89 - 93
90 - 917/4 90 - 92¾
Scioto Valley-1st con.7 .... - ........ - .... *66 - 00 .... - .... *69 - 70 *65 - 65 .... - ........ - .. ..
Shenandoah Val.-lst.7 90 - 91
92 · - 92¼ .... - .... 92¼- 95 .... - .... 92 - 95
93 - 95
91 - 94½ 93 - 93
89½- 90
Gen. mo1•t,, tr. rec . .. 6 84½- 86¼ 84 - 86 80 - 88¼ 29 - 86
81 - 83
80 - 82
31 - 38¾ 33¾- 85¾ 34¾- 35¼ 83 - 35¾ 31 - 32
29¾- 30
South Carolina-1st .... 6 97 -102 101 - 102¾ LOl - 102½ 100 •-101¾ 102 - 102 100½-102¼ 102¾-104¾ 104. - 105¾ 104 -104¼ 100¼-102¼ 79¾-101¼ 97½-100
!ld, 1931 .... ........ .... 6 69 - 76
78 - 85
77¾- 79¾ 78 - 88
80 - 87
82 - 86
88 - 88¼ .... - .... 82 - 88 .... - .... 77¾- 78¾ 48 - 76
Incomes . ... ............ 6 15 - 1~ 17 - 18 .... - .... 18 - 16 15¼- 15¾ .... - • • 15 - 15¾ 15¾- 16¼ 15¼- 16!J( 16¾- 19 16 - 16 10 - 15
Tenn.C.&I.-Tenn.D.6 ....
84 - 87
80 - 80 ....
85 - 86~ 85½- 87
8'1½- 87
87 - 89
88 - 89
Bir. Div .• 1st ........ . 6 83 - 84 84 - 87
82½- 86
82 - 85
85 - 87½ 85½- 87¾ 85 - 86¾ 87 - 87¾ 87 - 88
sa - 90¼ 00¾- IJ2½ 90½r 98
Tex. C,-lst,s,f,,1909.7 .... 55 - 55 .... 50 - 50 .... 50 - 50
1st, 1911 ...... ......... 7 .... 45 - 45
45 - 45 .... - .... 50 - 50 .... Tex.&N.O.-lst,190.;,7 114 -114
- : .. . 116 -116 .... - .... 117 -117 ... Sabine Div., 1st ...... 6 102 -102 102 -102 .. .. - .... 100¾(-100¾ 101 - 102 102 -102 104 -104
- .... 108 -108 108½-103¾ 103!,,.1-108¼ 108 -108
Thil•d Ave. (N. Y.) ..... 7 .... - .... 102¾-102¾ ... - ........
- .... 104¾-104¼ 105¾-105¼ .... - .... 101 - 101¾ 101¼-101¼ .. . - ..... ..
Toi. A. A. & C., 1917.6 .. .. Toi. A. A.&N.M., lst.6 85 - 97
96¾- 99½ 97½- 99
9;!1:(-108
97¾-104
99 -102 100%-101¾ 09¾-102 101 -102 101½-lOS
98%-100
98¼- 99
Tol.A,A.&G.T.-lst .. 6 101 -102 104 -105 101 -107 102½-102½ L06 - 107¼ .... 105 -106½ 105 -106 106 -106½ 105 -106 106 -106
Toi.& Ohio Cent.-lst.5 98 - 9'i¾ 957/4- 97½ 95¾- 97 96¼- 98 98½-100 99M-L01
98½-100
99¾-100
99¼-100
90 -102 101 -102 102 -108½
Tol.P.&W.-lsttr.ct .. 7 ... 90 - 92
92½- 92¾ 91 - 91
91 - 91
91 - 91
99½- 99Xi
- .. .. .. .. 1st, gold, 1917 . . ... 4 .... 77 - 78
79 - 79
76 - 77
76½- 773'
Tol.St.L.&K.C.-lst.6 91¾ - 98¾ 92½- 94 93 - 93 98½- 94 98 - 94 91 - 98¾ 94 - 94 98½- 94
92¼- P3¼ 98½- 95
94¾- 95¼ 90½- 98
Virginia MidlandGen. m01·t., 1936 .... 5 7~ - 80 ~ - 82
78 - 82
79 - 82
78 - 79½ 80 - 82
81¼- 88¾ 82¾- 88¾ 84 - 84
88¾- 85
80 - 82
80 - 86
Valley Ry. of 0,-Con .6 105½-105¾ .... - .... 100 - 100
- ........ - .... 105½-105½ 105 -105½ 104½-105
Wah. St. Louis & Pac.Gen. mort., tr. rec .... 6 45 - 47
41 - H
87 - 48¾ 41 - 43
35 - 35
40 - 40½ 40¼- 43¾ 40 - 48¼ .... 85 - 87
Chicago Div ............ ~ 93 - 98 97 - 98¾ 97½- 98
T1·ust 1·eceipts.... . . . . . . . 88 - 88
85 - 87¾ 84 - 88½ 84½- 86
84¼- 88¾ 88 - 89½ 89 - 90
88%- 89% 89 - 91½ 86½- 89¼ St! - ~
Division ..... 6 102 -106¼ 108 -108 109 -109 108¼-108¼ .... - .... 109¾-111¾ .... Trust t·ecei pts..... .... .. ..
- .... 108 -109 108%-109 L04 -lOd½ 105 -109 110 -110½ .. .. Wab'sh-Mort . . 1909.1 89 - 90 84 - 90 .... - ... 84-84
T1·ust 1·eceipts .. . .. . .. . .. - .. . . .. . 84 - 84
- .. .. b7 - 87 .. .. - .. .. 86 - 86
85 - 85
Toi.& W.-lst, ext'd.,. 107¾-109 108%-109 107¼-109 107 -107¼
- .... 110¼-110¾ . .. - .... 112 -112 .... - .... lll¾-112½ 113½-113½ ... Trust 1·eceipts .. .. .. .. .. .. - .. .. .. .. - .. .
- .. . 90 - 91
90 - 98
- .. .. 94 - 95
92¼- ll2¾ 91½- 92
94 - B4
92 - 02
87 - 87
Wah. St. L. & Pac.St. Louis Div ......... 7 L0?¾-108½ 108¾-109 109 -100 107~-107¾ LlO -110
111 -111
- ........ - .... 111 - 111
Trust receipts ...... .... - .. .. 90 - 90 90 - 93
1-11½- 92
91½- 93½ 92 - 92 .... 2d, extended .... ...... , 88 - 90 90 - 91 .... - .... 85 - E5
91 - 91
- .... 88 - 88 ....
- .. .. 95 - 95 .... -
I.... - .. ..
DetI·oit
~i~5fff:J::\} :;~ ~
~-~-·¾_::_1':1~0::8: -~--188::0:·¾·::_·111:8::
.~_:
Gt. Western-1st ...'. .. ? ....
Trust 1·eceipts ..... ....... - .. . .. ..
2d mort,, 1893 ..... 7 88 - 90 90
• Coupon off,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
~
~
~:. :~,.:
-107½ 105½-106
- 85
:1:21 ::J: : ~ : : :) ~:I::~ ;,1: I-: ~ :.
-~
lll -111 ....
.. ...... - .. .. 111¼-111¼1 •--· - · -- : 111 ,-113¼ 118¾-118¾ llO)i-110¼
- .. .. 89¼- 98 J 91 - lfl .... - .. . 92 - 927/e 91¾- 91~ 9131;- 94 .. .. - ... . ... - ... .
82 - 82 .... - .... ....
90 - 90
87 - 88 ... - .... 93 •· 98 . ... - ..... . , - .. ..
RAILROAD ,RO.VDS
1888-Concluded.
JANUARY FEBR'RY. , MARCH,
APRIL.
BONDS.
MAY.
JUNE.
JULY.
- - -· ----
.AUGUST. SEPT'BER. OCTOBER. NOV'BElt. DEC'B XR,
- - - - ·- - -- ---- - - . ----
_____________ Low.High Low.High Low.High Low.High Low.High Low.High Low.High Low.High Low.High Low.High Low .High Low.High
Wabash-Gt. West'n~d trust receipts......
Quincy & Tol.-lst ... '1
Trust receipts.........
Ill. & So. Iowa, lst.6
St.L.K.C.&N.-RI.E.7
St. Chas. Bridge .... 6
North. Mo.-lst ...... ,
W.Va.C.&Pitts.-lst.6
W.N.Y. &Penn. - lst.:i
2dM., g., 192'1 ... .3-~
.. .. 91 - 95
- .. .. 77 - 77
.. .. -
85 - 85
85 - 85
~
- 85
90 - 90
88¾- 90½ 87½- 88
- ... . 79 - '.9
b7 - 87
86 - 86
84 - 87J,4
.... -
•··· 92 - 92 .... 111 -112¾ 111¾-111¾ 112 -112
. ... - .... 106 -106 .... 111¾-113¾ 114½-115½ 114 -114
109 -109 109 -109
- .... 103 - 104
l14½-115 116½-116,e
.... - .... 1059(-106½
.. .. - ........ - ........ - .. . . 98½- 99
.... - ....... - ........ - ....
.... - ........ - ........ - .... 38 - 89¾ 85½- 40
109¾-111¾ 112 -112
lOt¾-105 105 -105
116½-116½ .... - ....
.... - ........ 98 - gg~ 91 - 14
.... - ... 87¾- 38½
109 -109 110 - 111
- .... 102 -104
ll5 -115 115½-115½ 116¼-116¾
- ....
93¼ - 94~ 93½- 0<ini 93¾ - 94
38¾- 39¼ 39½- 40¼ 38½- SU¾
112 - 113
85 - 85
111½-111½ 112 - 112
104 - 104
. . .. - .... 116 - 117
.... 03¾- 041f 04¼- 07)4
88 - 38§81 , 7¾- 81:J,!
w':s~r:::i.:: g~~;~~~:: 'oii~1oi¼ iOO¾=Hii¾ iOO¾=Hii~ ii;;½=loo .. l~~: =!~~ io~=lM¾ 102¼-H>;¾ioz¾=103¾ ~03 =103¾ ios =103~ l03½=104ijj io~¾=l05..
Registered ............. 4
West._Un. Tel.-Coup .. 7
Registered ............ 7
Collateral trust .....
Wbeel.&Lnke E.-1st.:i
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
l02¼- 102½j l02¾-103¼ 102¾-103¼ 102¾-1 03~
. ... - .... 116¾-116½ 119½-120 llHl½-120
- ..
- .. .. 1.... - ........ - ....
115½-115½1... .
117
9l'I~.(- IJ6¾
94½- 9$¾ 95 - 97½ .... - .... U6 - 9~ 06¼-100½ 98½- 99½ 9!l -100½ 90½-100}4 100)4-102~ 100 -102¾
99~-101
100¾-101½ 100¾-!0l¾ 101¾-103
.... - ........ - .... .. . - .... 118 -118
-1171 .... --.....
. . .... - . .. .
i i.... -........
1
103 - 103½ 101¾-104
115 -111\ . . • - ..
117 -117
-........ -........ -....
!03½-lll4¼
l l i -115
15 -115
96 - 97
LOl ½- 102½
102¼-105
114¼- 114½
. . . . - ... .
96½-101¾
101 - 102¾
R .4 TLROAD
.AND MlSOELLANEO US STOOKS.
NEW YORK STOCK MARKET, 1884-88.
The following brief remarks should be read in connection with the range of prices on subsequent pages,
which show the highest and lowest prices monthly at the
. Y . Stock Exchange in each of the five years· 1884 to
1888, inclusive. The record of the N. Y. Stock market
forms an important part of the financial history of the
country.
ISS.f.-The stock marketopened inJanuarywithdepression
which was brought over from December. On the first of the year
a 1 eceiver was appointed for the New York & New England
Railroad, and a break in West Shore bonds and appointment
of a receiver for the North River Construction Company, to
g-ether with a new break in Oregon &Trans-Continental and the
Northern Pacifies, caused a gloomy feeling in the market. On
the 26th of the month a .turn was given by the formation of a
syndicate which made a loan to the Oregon & Trans-Continental
on the pledge of its stocks, and thereafter a quick move against
the shorts was made which caused a sharp advance in prices
and a firm tone during the balance of the month and throughout most of February, when the speculative support kept up
prices till near the end of that month. On the first of March
the corner in Delaware Lackawanna & Western took place,
which carried the price up to 1331/s regular and 139½ for cash.
This was demoralizing to the bears, and about the middle
of the month another squeeze in N. Y. Central to 122 increased
the feeling. Under the influence of these corners there wa.c::i
a chance for the large stock speculators to ~et off a considerable
amount of stock, and with some fluctuations there was a de·
clining tendency till-the end of April.
On the 14th of May came the panic, which the Commercial
and Financial Chronic!e referred to in its financial review of
that month substantially as follows:
•:This was the culminating point in a period of nearly eleven
years, during which had occurred the slow recovery from the
crash of 1873, the rise and development of the most gigantic
speculation in railroads that any country had ever seen, and
finally the inevitable downward movement continued during
nearly three years from July, 1881, and ending in May, 1884,
with what came near to being a serious financial crisis. At
· the end of three years of unparalleled shrinkage in Steck
Exchange values, the crash was at last precipitated by the
turning up of a line of frauds in financial operations which
had hardly been matched before-and the worst and heaviest
of these frauds was perpetrated under the influence uf the
name (though not with the personal connivance) of that distinguisht d soldier and President, General U. S. Grant. The
names of Fish of the Marine Bank, Grant & Ward, John C.
Eno, and a few others, must be woven into the history of
May, 1884. .
"The M:n-ine Bank and Grant & Ward suspended on
Tuesday, May 6, and the followh1g week the Metropoli 1 an
Bank suspended, followed by a number of banker and broker
firms, and 1 be height of the excitement was reached. 'l he
Clearing House hanks joined together to support each other
by issuing 'Clearing House certificates,' by which m eans the
Metropolitan Bank was enabled to resume on Thursday, M)ty
15, the day after its suspension. The Second National Bank
was robbed of i:tbout $3,000,000 by the stock speculations of its
President, John C. Eno, but this deficiency was immediately
made good by the father of the _defaulter and other directors."
The greatest depression in tone and in the prices of many stocks
wasreachedabout Friday, June 27,when the unmitigated bear
attacks on the market led to such an overselling that there
waaa very quick rally the next day and a semi-panic among
the hears. After the first of July and the occurrence of very
few defaults by railroads, there was a wonderful recovery in
tone, and an improvement in prices, from which there was
never afterwards a relapse to the panicky feeling of May and
June. The upward movement in stocks was pushed in July
and August, with the assistance of different pools, which of
course sold out and left .the market iri a languishing
condition by the first of September. In the last four
months of the year the benefit of the large crop movement was greatly counteracted by the disagreement among the
railroads and cutting of rates, and by the bad condition of the
anthracite coal trade, the default of Readmg, and especially by
the long-continued contest between the West Shore road and
the N. Y. Central & Hudson over passenger rates. From the
termination of the Presidential election excitement, late in
November, till the end of the year, there never was .a hearty
bull movement in stocks. It had been generally accepted for
some months that Mr. Vanderbilt was practically a bear on the
situation, and had sold a large amount of his stocks, and on
December 12th the Lackawanna pool closed out their holdings, so that there was no strong support left to the mar•
ket, and prices closed at the end of the year with great
~
depression.
Some of the principal events of the year bearing directly on
the Stock Market were as follows: On January 1 a meeting
of the directors of the New York & New England Railroad
was held in Hartford, and on theil• application President Clark
was appoi11ted receiver at 2 o'clock on the morning of Jan. 2.
The North RiveIT Construction CoII}p;:t.ny, building th~ New
Yark W .e st Shore & Buffalo Rzjlroad was in difficulties, and
. ~-Judge Asnb~! ~~~e~ ~M r~g~nted :rece~ve~ Janq~r,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
!~,
In the latter partof May the directors of the New York Lake
Erie & Western Railroad decided to pass the interest due
June 1 on the second consolidated bonds. On May 28 Messrs.
Sol<,n Humphreys, of New York, and Thos. E. Tutt, of St.
Louis, were appointed receivers of Wabash St. Louis & Pacific Railroad. On June 2 the directors of the Philadelphia &
Reading RR. and Phila. & Reading Coal & Iron Co. applied
to the U. S. Circuit Court to l1ave receivers appointed, anci.
Edwin M. Lewis, Geo. de B. Keim, the President, and Stephen
A. Caldwell, were so appointed. On June 7 the New York
W est Shore & Buffalo Railroad was placed in the hands of exJudge Horace Russell and Theodore Houston as receivers, and
on July 1 default was made on the first mortgage bonds.
In June the Union Pacific suspended dividends' and a radical
change was made in the management of.the road, Mr. Charles
Francis Adams, Jr., being elected President in place of Mr.
usually declared · in
The dividends
Sidney Dillon.
June and payable in August were passed on Michigan Central a nd Canada Southern and the quarterly
dividend on Lake Shore was reduced from 2 to
l ½ per cent, and in December the dividend was passed. The
Central Pacific passed its dividends, the last paid being that of
February 1 at 3 per cent. The u sual quarterly dividend on
New York Central, payable in October, was reduced from 2 to
1½ per cent, and soon after the company announced that
$10,000,000 5 per cent debenture bonds had been issued. On
November 1 default was m ade on Denver & Rio Grande first
mortgages and Chicago & Atlantic firsts. In November an
important change was made in the board of directors of the
New York Lake Erie & W estern Railroad, and Mr. John King
was electi>d President in place of Mr. Hugh J. Jewett, who retired from the management of the company.
lSSo.--The year 1885 was one of the most remarkable in the
stock m arket that hau ever been known. It was one of those
years when immense fortunes could be made in stocks with a
merely nominal capital; after June, the rise in prices was
so large and steadily maintained, with slight reactions, that
there was little danger of loss to any on~ who purchased on
fair margins with a determination to hold. The first half of
the year from the opening till the middle of June was a
period of great depression, and notwithstanding the European
war prospects the market had no real animat10n, and could
get none while the trunk line war was waged so bitterly without any prospect of early settlement. About the middle of
June a buying movement commenced somewhat mysteriously
in West Shore bonds, the Vanderbilt stocks aud Erie, but it
was not until July that th~ impression becaml: general in
Wall S treet that this was backed by strong parties. and was
founded on negotiations for a settlement of the New York
Central and West Shore imbroglio. The Chronicle, however
as, nly as ,lune 19, ,l!ave n< tke of the turn <,f affairs in these,
words: ·' Tiie most signi6ca11t move in the market, and what
<.'ertainly would appear to have some unexplained force back
of it, is the cotemporaneous advance in Vanderbilt stocks and
West Shore bonds. During the six months or more that the
market bas been hanging on the changing aspects of the West
Shore-Central imbroglio, there has been no such strength or
large .transactions in the bond,saccompanied by a rise in Central
stock. Now, too, the movement excites more interest from
the fact. that it sprung up on an ipsufferably dull market, and
the ordinary causes assigned for it of 'a speculative move' or
'covermg short sales' are altogetherinsufficientan<l unsatisfactory." In August the success was announced of the negotiation
carried on through Mr. Morgan, of Drexel, Morgan & Co., for
the sale of the South Pennsylvania Railroad to the Pennsylvania Railroad Company, and the foreclosure of the West Shore
:road and its lease to the New York Central & Hudson, with 8,
positive guarantee of $50,000,000 n ew 4 per cent West Shore
first mortgage bonds. Following this, a ~trong pool was
formed among the trunk lines for the maintenance of rates,
which were advanced in November; the WeFt Shore was foreclosed according to the programme, and under the final settlement of the railroad difficulties, the stock .and bond market
in October a nd November was one of the most active and
buoyant that had ever been witnessed. , The Chronicle then
commented upon the movement as follows: "The great feature
of November was the continued activity, buoyancy and excitement at the Stock Exchanges in New York and other cities,
which kept up during the first three weeks of the month with
very little abatement. Not only has there been no serious reaction, butt nemovementhasgrownalmostt:1tea dily, and we find
this week that many stocks and bonds have been pushed upward
to the highest figures yet made. It seems evident thatthe,-power
of the immense bank surplus, when once set in motion, and
the extent of the public hunger for stocks and bonds when
once excited, had both been underestimated, and there is little
dou bt that the heaviest professional stock operators have been
as much surprised as any one else at the breadth and staying
power of the present boom in securities." After the 20th of
November there were occasional reactions and some irregularity till the close of the year, butr nothing which amounted
to a considerable set-back, and the year closed with all the
benefits of the great railroad negotiation fully sustained, and
the ability to sell at the Stock Exchan~e any reasonable
. amount of stocks or bonds at prices vastly better than those
ruling before the settlement of the trunk line difflcult1es was
foreshadowed.
Pursuing the course of the year from its opening we
observe that in J anuarydepre~1:1ion and dulness were the rule;
the trunk line war was rife ; t~ coal oo~bin::i.tion , to make up
Pe:(!.nsy vazm~ R,R. Co., alloted
or the withdi~w~
•
•
r
..
~- ,
• • - • .-.
•
'
•.
..
~~
RAILROAD AND MISOELLANEOU8 ST001t,r
extra 1,000,000 tons of anthracite for the yPar, making
31,000,000 tons in all ; Houston & Texas Central and East
Tennessee Virginia & Georgia defaulted on Jan. 1. Iri February
the depression continued except on a speculative rise lasting
about ten days and led by Del. Lackawanna & West.; the Central Railroad of New Jersey defaulted on its coupons; the
House of Representatives declined to act on the bill to stop
the coinage of silver ; the Southern railroads had the benefit
of the New Orleans Exposition. In March, Apriland May
there was little animation, and the varying rumors of war
between Russia and England had much to do with the course
of our markets. The Nickel-Plate road went into receiver's
hands in April and defaulted on the first mortgage interest
due June 1; the New York Central, S t- , Paul and Omaha dividends were reduced ; Pacific Mail rose sharply on the passage
of the postal subsidy law, but fell off again quickly, and in
June also was weak on the loss of the Steamer Tokio and the
refusal of the Postmaster-General to pay the extra amounts
pr-ovided by the new law for carryin~ the ocean mails. The
Ohio Central was foreclosed in April; Chesapeake & Ohio
defaulted on one half the interest on its " B" bonds due
May 1; Missouri Pacific settled the old Garrison suits in full;
Lake Erie & Western went to a receiver in May; negotiations were pending for a lease of Oregon Navigation
to Union. Pacific and Northern Pacific. All was stagnation
and depreesion at the Stock Exchange until the middle of
June.
After the middle of June, as above remarked, the situation
changed for the better. But the N. Y. Central quarterly dividend was reduced to ½ of 1 per cent, and in August and September the Northwest preferred was reduced to 7 per cent per
year, and inferentially the common to6 per cent; Lehigh Valley to 1 per cent quarterly and Lackawanna 1~,i. The Union
Pacific effected a sale of securities in September sufficient
to clear off its floating debt; St. Paul voted to issue $5,000,000
new preferred stock at par. ~ In October the Erie loan on
Long Dock property was reported; the New York & New
England cleared off its floatiug debt by issuing about $1,800,000 preferred stock, and the receiver was disch>i rged about the
close of the year; the Baltimore & Ohio made its arrangement
in Novem ber for terminals on Staten Island; the West Shore
road was sold in foreclosure November 24, and thenewcompa.ny
organized in December. Mr. W. PI. Vanderbilt died on December 8. The Texas Pacific ·stock collapsed in December,
and a receiver was appointed for the road on the suit of the
Missouri Pacific RR, Co., a large holder of its floating del.lt
1886.-Tbe general course of the stock market w as one
of comparative dulnPBS and irregularity from the first of
January till the middle of MH-y. Foremost among the
causes of depression were the great labor strikes in the
Southwest, in Chicago, Milwaukee and New York, and
finally the anarchist outrage in Chicago on the 4th day of
May. In tbe next place, the condition of foreign trade was quite
unsatisfactory and the prices of our leading staple products
were very low ; imports of merchandise exceeded exports in
value, and gold was goiag out at the rate cf $5,000,000 or
more a month. Under these circumstances it was not until
the latter part of May that the market really turned and
assumed a stronger and more confident tone, from "hich it
never afterward completely relapsed.
The better feeling which began in May was helped by good
reports from the growing crops in June and July, and
also by a large export movement in wheat. The export
of gold ceased . pfter June, and there was a considerable
demand for American stocks and bonds after the turn of
the year, which m ade itself apparent in a return flow
of gold towards this country. The market advanced to
large dealings in September, October and November, culminating in a great speculative buoyancy that reached its
height late in November. From this point the market con•
tinued with irregularity, some special stocks being still
further pushed upward, but the general list dre.ggmg as
December advlil.nced, the downward tendency being pronounced by the 11th and reaching a crisis on the 15th. Call
loans bad been forced up to very high rates, as much as ½ of
1 per cent a day, and a stock panic was precipitated in which
prices fell cff as sharply as in the worst periods of a serious
crisis. Some of the widest fluctuations Dec. 11 to 15 wereManhattan Elevated, 165¼-1b3¾; Chattanooga, 101-67½;
New York & New England, 64¼ -44; Philadelphia & R ading, 48-30; R. & W. P. Terminal, 45½-30; TennPssee Coal &
Iron Co., 109-60½,
The sales at the New York Stock
Exchange on Dec. 15 were the heaviest ever made in a single
day, amounting to 1,096,000 shares. During the next few
days the market first reacted, then dragged sluggishly, but
assumed a firmer tone and recovered materially before the
end of the mOJ:!.th. ·
0
ISS?'.-The price for £eats at the New York Stock Exchange
declined during the year 1887 just about one third, or from
$30,000 early in the year to $20,000 in Dec~mber. Pnhaps
this forrnshes the best comment that can be made very briefly
upon the chara ctt r of the bueiness.
,.
The particular events of the yrar are refernd to below
unrler the respective m0nths in which they occurred, but as
to the general course of the market it may be said that there
was no panic or sudden break except that of June 24, and
there was no periorl of real buoyancy, unless a single week in
November was entitlPd to be called such. The year opened
with depression, owing to the coal-handlers' s trike, soon followed by that of the freight-handlers in this city, The Iuter
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
\ tate CommE:rce Lill and European war rumors alFo had an
unfavorable effect, and stocks . were gererally d Ppressed till
the end of February, when ther, was a recovery,r During
March the market was stronger, influenced to some extent by
the movement in special stocks and by some foreign buying.
The Inter-State Commerce Jaw went in· o effect April 5th, but
the Commissioners soon decided to su-pend for ninety days
the ope , ations (,f the fourth section relating to the long-andshort haul in its application to a number of leading railroads having the.c t mpetitionof water routes, anrl this 1 elieved
the apprehension. The tendency of prices was generally
upward till the middle of June, and this period was practically the best< f 1 re year, with a decidedly strong tone. On
June 14 came the break in the coffee speculation here aud on
the 15th. the collapse of the wheat corner m Chicago, leading
to the bad failure of the Fideli1y NationalBank of Ciacinnati.
These events shook confidence very severely, and they were
followed by the tumble of Manhattan Elevated stock in this
market about 41 points, when Mr. C. W. Field sold out a
block of 50,000 i-hares to Mr. Gould at 120. Money became very
active, Joans we · e cqlled, and on June 24 the market was
almost in a panic ·and remained very sensitive for sometime
afterwards.
The bears organized a strong party in June, and .in July
stocks generally declined, the famous Baltimore & Ohio deal
with H. S. Ives coming to lln end by the positive announcement of Mr. Garrett that the purchasers were unable to fulfill
their agreement. But the whole Baltimore & Ohio transac
tion hung over the market for so long a time, and disclosed
such weakness on 1he part of one of the-great trunk line railroads, that it exerted over the stock market one of the most
pernicious influences of the year.
In August the market had spasms of strength, as the fear of
tight money was somewhat relieved by the action of th'e
Treasury in purchasing bonds. · Late in the month Grovesteen & Pell, the bankers of the Rome & Decatur Railroad,
failed, and this gave rise to much caution among the lenders
of money on railroad collaterals. The purchase of the Baltimore & Ohio Express business by the United States Express
Co immediately followed, and then the announcement of the
Baltimore & Ohio Syndicate to relieve the company from its
embarrassment of a floating debt of about $10,000.000.
The bears conducted an active campaign and made large
profits, and after experiencing a stronger tone in the last part
of September, prices again became weak and feverish. The
prospects for easy money were more permanently assured by
the action of Secretary Fairchild in October in offering to
deposit money with the national banks, taking the 4 per cent
Government bonds as collateral at 110, instead of 90, as formerly. The bears appeared to have covered their cont1·acts,
and early in November the market was strong, prices advancing, and the business of the second week, on general buying,
was one of the best of the year. This did not continue, however; prices fell off again and December was a very dull
month, the volume of Bales at the Board much of the time
being near a minimum. The year closed with depression
among stock brokers, notwithstanding the excellent statements of the Vanderbilt roads and the remarkable reco1·d of
the year in railroad earnings.
lSSS,-At the Stock Exchanges in New York and other
cities the y i ar 1888 was generally marked by depression and
shrinkage in values. But the stocks of coal roads, the Vander bilts, and a few others, formed a conspicuous exception to
this rule.
At the opening of the year the market was clouded by the
strike prevailing on the Philadelphia & Reading properties,
which continued until the 19th of February and was then
terminated by the complete succei,s of the company. Depression and slack business were the rule, with irregular fluctuations in the market, until the dulness reached a climax on
Feb. 14, and only 47,000 shares changed hands at the New
York Stock Exchange. The market dragged on without animation till the firs& of .March, when the strike of Chicago
Burlington & Quincy locomotive engineers further depressed
the tone, and to this was added the extraordinary blizzard in
New York and its vicinity on Monday, the 12th of March, by
which business was almost entirely suspended for three days
and the damage to railroads was very great. Stocks continUf' d very weak, and from the 20th to the 25th oi March declined to the lowest point so far reached in the year.
The first real improvement in the market came after the
issue of the circular by Secretary Fairchild on April 17th, offering to purchase Government bonds daily, beginning on the
23d. A much better tone 1:et in, confidence incr~ased, and
there was more demand for stocks both at home and abroad;
but the improvement hardly lasted three weeks and in the
second week of May bears were again selling stocks short;
the C. B. & Q. quarterly dividend was reduced to 1 per cent
and the heavy decrease in Atchison earnings affected that
company in Boston.
The Missouri Kansas & Texas and the Minneap. & St. Louis
railroads defaulted, and Boston felt very severely the loss of
earnings on Burlington & Quincy imd Atchis(\n Topeka &
Santa Fe. The half-year closed in June with a trifle better
feeling after the declaration of the regular quarterly dividend
of 1½ per cent by Rock Island and the very fair semi-annual
exhibits of the Vanderbilt roads.
With the second week of July the stock market awakened
to a better spirit, and from that time until the 13th of September there was more or less animation and a more confi" dent feeling. The crop reportij were good, except on winter
R.AJLRO.AJ
.fiNJJ~ .MJS< ElL.AN.h c is S'l c ckE.
wheat ; the cable war was se Ltled, helfing bo h thl'l cable
lines and Western Union Tel.; the foreign demand for stocks
was still a most important elf•ment ; the money market
was kept easy by the Government bond purchases ; there
were large ad v.:inces here and there in special stocks, or in
certain groups, such as the coalers or the Southern stocks, and
altog..,ther the per'iod from the middlt, of July to the1 middle
of Septembc>r was the best of the year. With the 13th of
September cam e a great s~t-back to the m-uket in the passing
of the St. P iul dividend on the common stock . and red 11ction
of the preferred stock dividend to 2½ per cent for the
half-year, This gwe a shock both here and in London, and
was followed in Octot>er by the r<!duction of the Atchison
dividend to ½ of 1 per cent.
After some recovery in tone and freq •tent sharp fluctuations, owing to th"' h eavy short 1ntnest. there was 1:1. strong•r
feeling prior to the Presidential election in November, the
Vanderbilt stocks and coal stocks being among the strongest.
It was generally believed that a rise would hke pla~e after
t . ., e election and stocks wercl firmly held, but the holders were
greatly disapp ,>inted, for the market soon became heavy and
there wa'I a .generci l decline throughout the list. This was
mc1inly the result of loc·g holding of stocks which were thrown
overboard as soon as it was found there was no party ready
to take hold of the market and inaugurate a bull movement.
November witnessed an irre.l{ular and un~ettled tone with
much depnssion, and this reached over into Ddcemb,-r. But
af'ter the middle of that month there was an improvement,
which kepG up until the clo~e of the year; the coal stocks
pardcularly Wf.lre very buoyant, Ddaware & Hudson touching
134:, Lackawanna 144¾,Jersey Central 95¼ and Readio•g 50%.
The Vandf\rbilt road~' preliD' nary exhibits were ismed late
PRICES
in the month and compared unfavorably in net earnings with
the previous year, but an extra dividend of 1 per cent was de•
clared on Lake Shore and the policy of 5 per cent a year on
Central & Hud8on in the future was announced; a divideno
of 1¼ was also declared on C. C. C. & I.-the first since February, 1883.
One main cause of the better feeling in December was the
meeti g of Vl t'stern railroad presidents in conference with
members of uanking firms having London connections,
at the house of Mr. J. Pierpont Morgan, whf:'n the policy of
maintaining rates was agreed to by officers of nearly all tbe
promi,1ent lioes running west and southwest from Chicago
and St. Louis; a restoration from cut rates was ordered for
the firtit of January, 1889. The stock market closed on Dec.
31 very dull, but with a strong undertone.
A record of the principal events bearing on the stock
market in 1888, and the range in prices of the principal groups
of .stocks, will be found in the first article in the REVIEW,
"The Retrospect of 1888."
Sales at tbeN. Y. Stock Exchange were as follows since 1878
RR andMis.
stocks.
RR. and Mis.
bonds.
72,765,762
97,~)19,099
114,i'>ll,248
llti,307,271
97,0,UJ,909
96,154,971
9i,538,947
100,802.050
8t.9H,616
65,179", I 06
412,309,400
569,910,200
385,889,500
2'16,769,410
284,768,100
49P,955,200
660,059,400
587,2:{7,500
347,127,330
345,\H4,057
-·----Shares.
1879 .••..
1880 .••..
188l. ••..
1882 . .•..
1883 .....
1884 ..•..
1885 ..•..
1886 .••..
1887 .••..
1888 . ....
OF RAILROAD AND
MISCELLANEOUS
Government
bonds.
State
bonds.
------·-------$
$
I $
1
112,571,8/iO
58,459,600
35,395,850
18,555,850
17,0!6,150
14,905, 150
15,2H,200
lt,793,500
7,110,400
6,573,700
22,643,150
15,497,400
49,fi69, 300
26,571,260
6,9 '- 6,500
2,826,900
H.678,053
20,3~4,411
15,'.'l06,'-00
5.188,285
STOCKS.
The following tables, showing the highest and lowest prices of railroad and miscellaneous stocks in New
York, ,.for each month of the last five years, are compiled from sales made at the New York Stock Exchange.
The comnilation •is made from such prices as constitute a fair standard of market value, and sales of stock in
100-shan{ lots or upwards _are taken, except in the case _of those _few stocks which sell.almost entirely in small lots.
1884..·
JANUARY Fll:BR'RY.
STOCKS.
----~---------
MARCH.
'.APRIL.
MAY,
JUN'E.
JULY.
AUGUST. SEPT'BF R . OCTOBE[l
Nov'BER. DEC'B E R .
- - - - -----1- - - --1-----1-----1---- - ----1-- - - -1-----1-----1---- - - -Low.High Low . High Low . High Low.High Low.High Low. Fil~h L ow.High Low.High Low.High Low .High Low .High Low.High
--- - - - - - -----
RAILROAD.
Albany & Susquehanna. 182 -135 185 - 185 lSS - lSS 183 -188 128 -lSS . . . . - . . .. 126 - 127 181¼-138½ 129 - 18·a .. . . - . . .. l'W¼-130 . . .. - ....
Atchi s on Top. & S. F e .. 801$4- 80~ .. .. - .... 78.¼- 79
76 - 78¼ 70¾- 77¾ 62 - 73 . . . - .... 71¾- 'i6¾ 71¼- 'i2¾ .. .. - .. . . . . . - . . .. 76¾- 78
81 - 82¾ 81 - 84
88 - 84
88 - 90
87 - 87
8!l - 86
86 - 88
86 .: 86
B ost .& ~ .Y. Ait•-L., prt 81¾- 82½ 81!,,;;- 82¾ 80½- 88½ 82¼- 83
!lufialo P itts b.& W.prf.... • - • - •. • • • • - • • • • • • • • - • •· • • •· • - •·· • • • • • - • •· • . ... - -. • • . ... - -• • • · • · • - • · · · · • • • - • • • • 10 - 10 · · · · - • • • · ... . - . . ..
Iln r . c. Rap. & North . .. 70 - 80
75 -: 75
78 - 78
00 - 66
60 - 60
50 - 60
60 - 60
68 - 68
61 - 05
60 - 60
60 - 60
50¾- 50¼
f)anadi a u Pacific . . .
x53½- 58y4 5J - 56¾ 53 - 55¼ 45¼- 58¼ 40 - 48½ 89 - 45½ 41¼- 47
43 - 46¾ 48 - 45
43 - 46¾ 48½ - 46
43½- 45¼
()nn:uln Southern. .. .... 48¾- 5-1;1,i 52¾- 57¼ 52 - 55¼ 46½- 52¾ 85 - 47¾ 24~- 40¾ 26¼- 89
84¾- 89¾ 29½- 86
28),{- 84½ 28¾'- 82½ 29 - 32
Ced:i.rFalls & lUinn .. .. . 10 - 12
!l - 10¾ 10 - 11
•• - ... . 8 - 9
8½- 8½ 8 - 8½ 8¾- 8¾ 9 • 10
9¼- 9¾ 9½- 11
11 - 11
Centr1tl Iowa ..... ....... .. . ... - . . . . 11 - 13
15 - 16 .... - ........ - ....... • - ........ - . ....... - . ...•... - .. . ... . . - .. ..... . - .. .. ... . _ . . ..
1st pre f . ... . ... . .. .. ...... . . . . - . .. .... . - . . . . ... - . . . . 24¼- 24½ ... . - . . . ...•• - . . . .. . . . - . . . . .. . - .. . . . . - . .. .. .. - .. .... . . - ....... . - .. . .
Cenu·al of New Jersey . 88½- 00
86 - 00
86¼- 89)4 7(1¾- 87¾ x40 - 81
52¼- 60
55¾- 67½ 57¼- 65½ 48½- 60½ 39¼- 51% 89¾ x44
87½- 47¾
C entral Pncific ... .... .. .. . 63¼- 67~ x51)¼x65¼ 57¼- 62¾ 4 3:ij- 58¾ 84 - 5i
80 - 45¾ 80¾- 41
39 - 44¼ 87¾- 42¾ 86¾- 43¾ 82¼- 38¼ 82¾- 36¼
Chesape ake & Ohio.. .. . 18¼- 15
13~- 14 3• 12¾- H¾ 10 - 18~ 7 - O½ 5 - 10
6½- 8½ 'i½ - 9
7 - 8
5 - 7% 5 •· 6¾ 5}.{- 6¾
1st pref.. .... .. . . .. .... . . 21 - 25¾ 23¾- 28
24 - 26¾ 20¾- 25¾ 14 - 22
O½.- 18¾ 12 - 15% 14½- 16¾ 14 - 15
10¼- rn
10 - 12
9¾- 11½
2d p r ef ..... ... .. . . .. .. . . .. 15 - 17
15 - 17
H½- 17
14 - 16
7 - 13
tl - 11
7 - 11¼ 10 - 10¼ 8 - 8¾ 8 - 8¼ 6¼- 8½ 7 - 7
Chicago & A lton . .. .. . .. .. 138¾-139½ x183¼40¾ 185 -137 185¼-187¼ x126-l39½; 118 -120 120 -183 132 - 130 130 -183 128 -182 126½-130 126 - 133
P1•ef.... ... . . . . . . .. . .. . ..... 150 -150 x152-x15'a . ... - . . .. 147 -150 144 -1: 0 142 -U6 145 -145 .... - ........ - .. .. 145 -150¾
- .... . . .. - . . ..
Chic. Bm·l. & Quincy .. . t18½-12S 122 -127¾ 122¾-125½ *120-125½ xlOS-128¾ 107 - 117 108½-121 118 -125½ 119½-124½ 117¼-123¾ 110¾-121½ 118),,),-122¼
Chic. Mil. & St. Paul.. . . 84¼- 04¼ 88¾- 04¼ x85¾- 93¼ 80¾- Si¼ 65 - 84
58)4- 77
60¼- 80½ 81 - 89½ xi6- 86¼ 72%- 81¼ 73 - 80½; 69¼- 81¼
Pref. .. . .. . . .. . .. : . . . ... ... . 113¾-117 114¾-119 xll8)4177,.,s lll¾-114¼ 100 -118
95¼-110¼ OS¼-110 109)4-118¾ x105-110¾ 102 - 106½ 104 -107 . 102½-109
Chic. & Nm·thwcst . .. ... . 112¾-118½ 116¾-124 116 -1207/4 U0¼-116¾ P2xj-ll87/4 xSl½-103 84 - 104¾ 98%-106% 87¾- 101~ 84¼- 93¾ f 2¾- 92¾ :x:82¾~ 92½
Pref . . ... . . ... . . . ... ... . ... . 140½-147 141¼-149½ 140),(-145¾ 140 -145 122 -142 117 -181¼ 122 - 184 133 -133 128 -xl85 122¾- 129 120½-126½ 119¾-127½
Chic. R. I. & Pacific .. . .. l15jg-:i18 117¾-126¾ 118¾-124¾ 117¾-121¼ 107¾-119~ 100¼- 118¾ 104 -115 l D ¼-117½ 111%-117½ 110 - 116¾ 108 - 111% x l04 -11!1(
Chic. St. Louis & Pitts . 9¾- 18)4 10 - 11
9 - 11
9 - 10
8 - 10
6¾- 9:14 6¾ 9-}.! 9 - 10½ 6 - 6
S - 9
7 - 8¾ 7 - 8¾
Pref... . ............. . . .. .. .. 29 - 85
28 - 81½ 25 - 26
25¼- 27
20 - 2i¼ 20 - 20¼ 18 - 21
20 - 26
18 - 18¾ 17 - 18¾ 16½- 16½ 17 - 17>1i
Chic. St. Paul lll. & 0 . . . 27!-<r 84½ 20J.4- 83½ 29¾- 81¾ 29!1(- 82½ 24¼- 82
21½- 29½ 22½- 38
31¼- 38¼ 29½- 84¾ 2·, - 83)4 26½- 31
23 - 80)4
P1•ef . .... . . . .. .. ....... .. ... 88½- 95¼ l'O;l:(- 9634 xOO½- 94¾ 00 - 96
81 - 04!-si 80!1(- 91
80¾- Oil¾ 93 - 100
90 - 95¾ x85½x94¼ 85½- 92
82 - 01¾
Cin, Sandu 11ky & Cleve. .. . - .. . . .... - . ... .... - ... .. ... .... - . . . .. .. - .. . .. ... - ... ... . . - .. . . 24¼- 24½ 23¼- 28½ .. .. - . ....... - . . ..
Cleve. Col. Cin. & Ind. .. 58 - 68
6~ - 66
64 - 69¼ 51½- 65
84 - 52
28 - 42½ 82¾- 40
38 - 46
36 - 42¾ 85 - 40
e2 - 36¼ 81¾ - 87
Cleve. & Pitts., iruar . . . . 189 -18{1 183 -138 188 - 140 189 -141 140 -140 125¼-185 188 - 137 187¼ -138 188 - 140 139 - 140½ 137!,s-140 137 - 138½
Colutnbin.&Greenv., pf •. ... - . .. 83 - 33
. .. - •· · · .... - . .. . ... . - . . .. . ... - . . . . . . .. - ..... ... - ... . . ... - ... . ... . - ....... - .. .. . . . . - ... .
1
Col. Chic. & 1ml. Cen.... l ¼- 2
1 - 1 . ... - . . .. . ... - . . .. 1 - 1
:!4- 1)4 1½- l½ 1¼- 1½ . .1.¾- _1_¾
. . . . : -_ .__· .__· ._. : ·. -_ .·.-_ .__.. ~~·....__- . . . .
Daubm·y& Norwalk .... 50 - 50
50 - 50
50 - 50
50 - 50
50 - 50
50 - 50
50 - 50
50 - 50
- .
.
.
.
... .
Del. Lack. & ·western . . 114)4-122 120¼-182¾ 128 -183¾ xl16½ 24¾ 00½-119¾ 96¼-112 104¼-117¾ 107¼-116¼ 102¼- 111½ xlOl½ 10¾ 100¾- 111 x 86¾-111
Denver & Rio Grande . . 17¾- 25¾ 1~- 22)4 17¼- 21
10¾- 19¾ 9¼- 18~ 6¾- 12¾ 7½- 11½ 10%- 14¾ 9 - 12½ 8½- JOJ,2 8 - 9¼ 8 - 9½
Dubuque & S. City .. . . . .. 76)4- 78
78 - 80½ 80 - 82
139 - 75
67 - 70
60½- 68
56 - 66
66 - 66
65 - 65
52 - 60½ 55 - 58½ 57 - 59
E1tstTenu. Va. & Ga ... . 5½- 6¾ 6¼- 8¼ 6¾- 8
6 - 7¾ 8¼- 6¾ 3¾-- 4¼ 3¾- 5)4 4½- 6¾ 4~- 6¼ 4 - 5¼ 3¼- 4¾ 8 - 5
Pref . . . . .. . . . ..
. . . . . . . . 10¼- 12¾ 12 - 14½ 12¼- 18
11 - 12½ 7 - 11¼ O - 7¾ 6~- 8¾ 7¼ - 10½ 7¼- 10
6½- 8¼ 63-2- 8
4¾- 8¾
Elizab. Lex. & Biir S .. . . .... - . . . . . .. - . .. . ... . - ...... . . - . . . . . . . - . . . . . . .. - .. ...... - . . . . 25 - 25 . . .. .. •· . . - ..... . .. .... - ... .
Evansville & T. Haute 40 - 51
42 - 49¼ 42 - 50
38 - 48
87 - 40
. . . - . . . . . • . • - . . .. 32 - 35½ 32 - 84½ 30 - 86
30 - 84
82 - 85
Green Bay Win.& St.P. 5 - 5
5
8½ 6½- 8½ 6¼- 7~-1 4 - 6
5 - 6
4¼- 5¾ 4¾:. 6¾ 4½- 5¾ 4¾- 5¼ 4¾- 5~1 8¼- 8¾
Harlem .. . ...... . . .... . .. . ... HIS - 197 t94 =104 102 =200 196 =198 192 -198 188 - 196¾ 195 - 188 198 - 198 191 - 193 185 - 188 . .. . 189½-195
Pref. . . . . . . .. . . .. . . .. . . . . . . .
. . .. ....
. .. . 1.. .. .
. . . . . ...
....
- . .. .. . . . - .. .. .... - . . . . .. . . - . ... .... - . . .. ... - ... . 185 -185 .... - .. . .
Houston & Texas Cent. 44 - 51
45 - 50 I 45 - 45
40 - 45 . . . . - . . . 20 - 20
20 - 84
30½- 38 80 - 88 34¼- 85 80 - 83½ 84 - 38!4
Illinois Centt·al.. . ........ 132!,.(- 1871,,( xlS0-140 123¾-lSlM l.25½;-180¼. 115 -129 110 - 120 11~180 x124-130 122½-lZu¼ 112½-124 112 - 121~ 115¾-121¼
Leased line, 4 p. c . . . . . 81½- 88!,4 88 - 85 1 84¼- 86
85 - 85
82½- 85 75¾- 84~ 70 - 82¼ 88 - 86 82 - 84½ 82 - 84½ 84 - 84 84 - 85
Ind. Bloom. & West . .. . 15 - 20¾ 15½- 1~ 16¾- 19½ 15 - 18
10 - 16¼ 9 - 12~ 10¼- 15½ 14½- 18
14¼- 17½ 13½- 17¼ 13 - 16
11 - 16
Joliet& Chicago .. .. . ....... . - . . . .
- .... 1'5 - 145 137 -137 ...• - ....... - •... 140 -140 . 140 -140 ... • - .. . . . ... - .. . . ... - . ...... . - . . . .
Keokuk & Dee Moines. . .. - ........ - .. . ..... - ... . .... - ... . .... - .. .. .. .. - . ... 5 - 5 . . .. - .. . ..... - . . . . ... - ........ - .. .. • • • - • • • •
Lake Erie & Western . . . 15½- 1~ 16 - 19½ 16½- 19¾ 15 - 16¼ 9 - 15
6¼- 11½ 6¼- 13¼ 12 - 17
11¼- 15
11 - 15
11 · 12
~- 11¾
Lake Shore ........... . ... . OS¼- ilO¼ 977,,rlM½ 100*104:!:( x94¼ 102-u 81 - 97¾ 67%- 88
70>i- 88¾ 78~ 88¾ 74¼- 82),i 68~- 78¼ 63¾- 70
59½- 6~
Long Island....... .. ... .... 65 - 69
67¼- 72
71 - ~ 70 - 77
62 - 72½ 63 - ':O
136 - 69¼ es - 70
64¼- 69 62 - 65 62½- 65½ 62½- 64¼
Louisiana. & Mo. Riv . . . . . . - . . . . . . . . - . . .. . .. .
. . . . . . . . - . . . . .. . . - .. . . .. . . - .. . . . .. . - . . . . .. . . - . . . . . . . . - . . . . 22 - 24 . .. . - .. . . 19¼- 19¾
Pref. .. .... . ... . . . . . . . . . . . . . . . . . - . . . . . . . . - . . . . . . . . - . . . . . . . . - .. . . . . . . - . . . . . . . . - . . . . 88 - 40 . . . . - . . . . . . . . - . .. . . . . . - . . . . . . . - .. .. .. · • - · · · ·
Louisville& Nashville. 42:):(- 4.9¼ 46U,- ro
4.7¼- 51" ~k- ,om ~ 4.7~ ~ - s~ ~:!:(- 87~ oo,(- 36'-! 25¼- 81~ 24¾- so 22¼- 28 24J.t- 27¼
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
S:l.
.RAILROAD .AND .MISCELLANEOUS STOOKS.
1884-Concluded.
JANUARY FEBR'RY. MARCH.
APRIL.
MAY.
JUNE.
JULY.
AUGUST. 811:PT'BER OCTOBER. NOV'BER
· - - - ----- - - - - - - - - -----1-----1---- ·- - - - - - Low.High Low. High Low.High Low.High Low.High Low.High L ow. High Low.High Low.High
- - - - - - - - - - - - - - - -----1-----1---STOCKS.
VEC'BER.
Low.High Low.High Low.High
----
Louit1v.New Alb.&Chic. 25 - 35
18 - SO
17¼- 25
28¼- 25 14½- 20 12 - 18 14 - 18½ :8½- 22 15 - 20 14½- 1~ 10 - 10 17 - 17
Manhattan Elevated .. .. 40 - 49
46½- 59
44½- 57% 41 - 50
43½- 57
48 - 59¾ 53 - 60
60 - 67
61'>½- 66¼ . ... - ........ - ........ - ... .
ht p1•et... ..... . . . . . . . . . . 82 - 84 88 - 92
89 - 93¼ {)0 - 03½ 88 - 93½ 90 - 93
8d - 91 . . . . - . . . . . . . . - . . . . . .. - . • . . . . • . - . . . . . . . . - .•• .
Common. . .. . . ... . ... . . .. . 42 - 45
53 - 59
53¾- 59½ 48 - 51
50 - 55
50 - 57 .... - . . . . 65 - 65
64½- 64~ .. . . - ........ - ... . . . .. - ... .
Consolidated . . . . . . . . . . . . . . - . . . . . . . - . . . . . . . . - . . . . . . . . - . . . .
- .... .... - .... .... 70 - 70
70 - 76
72¾- 77¾ 69~- 73¾ x64½- 72;(
Manhattan Beach Co... 15 - 10
16 - 21¼ 20½- 24.
19 - 24
12½- 20
13¼- 20
12¼- 16
10 - 12
11 - 12
10 - 12 . . . . - . . . . 10½- 11¼
Memphis & Charleston. 32 - 40
32½- 40
32 - 35
33 - 36
25 - 37
23
29
24 - SO
28 - SO
26 - 29½ 27 - SO½ 25 - 28
26 - 29½
Metropolitan Elevated . 90 - 92
90 : ·oo
93 -103½ 100 -105
87 -102
85 - 80
85½- 91
90 - 99¾ 94 - 96% 95½- 97¼ 93½- 93¾ 90 - 93
Michi~an Central....... . 85 - 93½ 90 - 943,,( 897/4- 94½ 81½- 91
64 - 82
51¾- 73½ 54 - 7S
66¼- 72¾ 60 - 69
54 - 63¼ 52¾- 60¼ 54½- 61
Milw. Lake Sh. & -W . ... 16 - 16
10 - 12 .... - . ... . ... - ... . .... - . ..... . . - . .. . .. - .. . . ...• - ....••.. - ... . .... - ....•••. - . ...... - . .. .
Pref........ . . . .. . . . . . . . . . . . 33¼- BS
34 - 34
87¼- 80
36 - 44
32~- 37
38½- 34
33 - 33
35 - 36
. .. - . .. . 31 - 81¼ .•.. - . . . 32 - 32
Minneapolis & St. L ... . 14 - 18½ 16 - 18½ 15¾- 17¼ lS¼- 16¾ 11 - 15
7¼- 12¼ 11 - 15½ 14:¼- 16½ 12½ - 15
11 - 14
11¼- 18
10 - 13½
Pref....... .... . .. ... ... .. .. 31¼- 36 34 - 36½ 34 - 34 27ni- 32½, 17¼- 27½ 17 - 28
22 - 31¼ 30 - 114¾ 27½- 32½ 25¼- SO% 25 - :w
25½- so
Missouri Kan. & Texas 16~ - 23¼ 20¼- 23¼ 10.)s- 22¼ 13¾- 20¾ 11½ - 17¾ 9½- li½ 11¼- 19¾ 17½- 22% 16¾- 19% 15¾- 19
13¾- 17¾ 14¾- 18,(
Missoud Pacific.......... 85¼- 91¾ 90 - 95 x86 - 92¼ 79 - 86% 63½- 82:¼ 80¼-100
92¾-100
90 - 95½ :r:90 - 95
91¼- 96¾ 89¾- 95¼ :x:89¼- 95¾
Mobile & Ohio.... . .. .. . . 8½- 10¼ 9½- 11 10 - LS¾ 11 - 13
8 - lO
6x(- ' 9½ 9 - lO½ 10 - 10½ ... . - . ... 9 - 9 .... - . . . . 7¼- 7¾:
Morris & Essex ...... .... . 121½-127 123¾-125 124¼-126 125 -126 123 -126 :x:116-126 117 -123¼ 122 -124½ 124 - 124¾ 122 - 124½ 122 - 124¾ xll5-124
Nashv. Chatt. & St. L . .. 46 - 56
51 - 54½ 53 - 58
51 - 54
38 - 50½ SO - 45
36 - 43½ 38½- 45
33 - 39
34½- 38
35 - 39
36 - 40¾
N. Y. Cent. & Hud. Riv. 110%-115¾ 114 -118½ xlS¼ 123 113 -115 103¾-114½ :x:94¾ 10~
97¼-111 % 102¾-112 x93¼ 104
8t - 96¼ 83½- 90% x83¾- 92¾
N. Y. Chicago &St. L. .. 8¼- 0¾ 8¾- 10¼ 8%- 9¼ 7¼- 8½ 5½- 8
5½- 0½ 5 - 6¾ 6¼- 7½ 5¾- 6½ 5¼- 5¾ 5 - 5¾ 4 - 5¾
•Pref .. . .. . ..... .... ......... 16¾- 20
17¾- 20¾ 17¾- l9
15¼- 17¾ 9 - 16
9¾- 14
9½- 11¾ 11 - 12¼ 10 - 11½ O - 10½ 8%- 9
7~- 8½
New York Elevated .... . ... . - .. . ..... - ........ - ... . 125 -125 .... - .... 115 -130
.. . - .. . . 115 -115 ... . - ....... . - ... . 115 -115 130 -130
N. Y.Lack.&West . .. . . 85 - 87¾ 87½- 91¼x90 - 92½ 90½- 94½ 84 - 92 83 - 87¼ 83¼- 88¼ 87½- 89½ 86¾- !?9¼ 86 - 87½ 80 - 89½ 85½- 89½
N. Y.LakeErie &West. 24¾- 28% 24¾- 2'7¾ 20¾- 26
17¾- 22¼ 13½- 19½ 11¼- 10
12 - 17¼ 15 - 19½ 12 - 16½ 12¾- 15~ 12 - 15¼ 13¾- 15¾
Pref.. ...... . . ... .. .. . . . . 06½- 70 68¾- 70
57½- 71
47½- 58½ 32 - GO½ 20 - 34¾ 25 - 34½ 33 - 39
25 - 34¼ 20 - SO
25 - 32
27 - 85
N. Y. & New Envln.nd.. . . 12½- 17¾ 13¼- 14½ 12 - 15¾ 14 - 17½ 9 - 14
8 - l:J
10 - 13
13 - 16½ 10 - 14¾ 10 - 11¼ 9¼- 10½ u - 13¼
N. Y.N.Haven&Hartf, 176 -178 !'i7 - 180 180 -182 180 -182 181 -184 177 -183 17j - 177½ 176 - 178.!<i 175 -179 177 -180 179 -180 175 - 180
N. Y. Ontario & West... 8%- 16½ 10¼- 11¾ 9¾- 11¼ 8 - 10¼ 7½- 10¾ 7 - 10
8¾- 13 11¾- 14½ 1078- 12% 10¾- 12 10¾- 12 11¾- 14X:
N.Y.Susq,&West .. . ..
3%- 5½ 5 - 6
5 - 6
4 - 5
S½- 4½ 4 - 4½ S - 4½ 3 - 5¼ S¼- 3¾ 2¼- 3
~ 8- 3
1¾- 2¾
Pret. .. .. . . . . . . .. . . . . . . . . . . . 13 - 16¾ 14½- 18¼ 16 - 16½ 14 - 16
10 - 12½ ... - . .. . 10 - 10½ 9½- ! 2
10 - 10
10 - 10¾ 8¼- 10
4½- 6½
Norfolk & \Vestern. .. .. . 10 - 10 11 - 11 .... - .... 11 - 11 . . . - ..... .... - ....... . - . . ...... - ........ - .. .. .. .. - . . . . 12½- 12~ .. . . - ... .
Pref .. . ...... .. . ............ 37½- 41
35¾- 42
40 - 41
38 - 41
29½- 38
23%-::82¼ 22½- 29)4 26 - :!O
25 - 29
22 - 25
17 - 21
17¼- 22¼
Northern Pacific ...... .... 18¾- 27
20¼- 23¾ ~0%- 22½ 19½- 22% 18:Vs- 25% 14 - 22¾ 15¼- 28
21 - 24.¾ 17½- 22¾ 17½- 21¼ 17¼- 18% 16 - 18½
P1·et. .. .. .. . . . . . . . . .. . . .. . . . 40½- 57¾ 44%- 49¼ 45¾- 49¼ 46 - 49¼ 41 - G4¾ 37¾- 50¼ 39 - 52¼ 4~- 55:¼ 41½- 50¾ 41½- 46½ 4(%- 43¾ 88¾- 42¾
Ohio Central....... ... .... . 2½- S:½i 2¾- S
2½- S
2 - 2¾ 1¾- 2¾ 1¾- 2½
1%- 2¾ ll - 311; 2¾- 4½ 1¾- 2% 1¾- 2¾ l - 2
Ohio & Mississippi...... . 22 - 24¾ 21¾- 28% 21½- 25% 16¾- 22¾ 14¾- 23
14¾- 21% 16¾- 21
20½- 28¾ 17%- 22¾ 15¼- 20)4 16¼- 19¾ 17* 21¾
Pi•ef ..... . . .. .... ........ . .. 90 - 90 .... - ........ - .... 90 - 90
45 - 45 .... - . . . . 45¼- 64 . . .. - .. . ..... - .... .... - . .. . . . . - . . . . 45 - 60
Ohio S outhern .... . . . .. . . . 7 - 8¼ '7½- 8½ 7¾- 9
7¼- 7¾ 6¼- 8½ 5 - 7
7¾- 9
8 - 9½ 8½- 11¾ 9 - 11¾ 9 - 10
9½- 10¼
Oregon Short Line.... . .. 15 - 15½ 16 - 22½ 20 - 24
15 - 22
15 - 15½ 13 - 15 .... - . . . . 8¾- 14½ 12 - 12 .... - . . . . 14½- 10
15 - 16¾
Orea-on & Transcontin'J 16¾- 34¾ 18¼- 25¼ 18¾- 22¼ 15¼- 21:k; HI½- 19¾ 6¼- 16
7½- 14½ 13¾- 18½ 11¾- 16½ 11½- 15 11¾- 14:>!i 12 - 14¾
t•eoriaDec. & Evansv . . 13 - 15½ 13 - 17 14¾- 17
14½- 16~ 9 - U¾ 7 - 12¼ 8½· 15
14 - 17¾ 12¾- 15½ 12½- 15¾ 12½- 15
12 - 14½
Phila. & Reading.... ... 51¼- 59% 53¼- 60:kJ 52¾- 60¾ 41¼- 55¼ 24¾- 44 22 - 26
22¼- 29½ 26¼- 30)4 ~4½- 27¾ 21 - 27
20¾- 2 .½ 16%- 23½
Pitts. Ft. W. & C., par. 181 -132½ 132½-134¼ 128¼-134:½ 128:14-135 127 -lSl 120 =-133)4 120 -130 128½-133 128 -132 125¾-lSO 125 -127 119½-128½
Rens. & Sa1·ato~a .. ...... 1.43 -145 142 -144¾ 144 -145 145 -146½ 144)4-145 138 - 140 138 -141
... - ... . .... - ... . 140¾-142 141 - 144 140 - 143
Riehm. & Allegheny.... 4 - 5
4 - 5
S¾.: 4¼ S - 3½ 2¼- S¾ 2¾- 2½ S . - SJ.ii 3 - 5
2½- S
2¾- S
2¼- 2½ 2¼- 2½
Richmond & Danville.. 52½- 56
57 - 61
57 - 58½ 52 - 55
40 - 62½ 37 - 40
32 - 38
39 - 45
45 - 45
35 - 37
34 - 45
43 - 45
Richmond & West Pt .. . 26¼- 81
27½- 32
28 - 29)4 25½- 28¾ JO - 27
12 - 21
12 - 19¾ 16 - 21¾ 17¼- 22¼ 15 - 17½ 15 - 23
18 - 20¾
Rochester & Pittsbur(l. 13¾· 15¾ 14)4- 16¼ 13¾- 14¾ 8¾- 14
5 - !J% S - 7½
1¼- 4½ 2¼- 6¼ 3%- 5¼ 3½- 4½ 2¾- 4
2¾-= 8¾
Rome Wat. & O~densb. lll¾- 20
21 - 22
21 - 24 ... . - . . . . 19¾- 20
20 - 20 .... - .. . . 19 - 20 .... - . . . . 14 - 14
!7 - 17
18 - 18½
St. Louis Alton & T. H. 40 - 43
44 _ 47½ 50 - 50 . . •. - ..• . 20¾- 85
18 - 20½ 20 - 26½ 26 - 31 ½ . . . .
. . . . 21 - 24
20 - 20¼ 20½- 22½
Pref ....... . ............... 88 - 91
04 - 96 .... - . ....... - . .. . ... - . . . . 75½- 75½ 70 - 73
75 - 75 .... - ........ - .. .. .. . . - ........ - . . . .
St. Louis&S. F1·ancisco. 20 - '20½ 22½- 22½ 20 - 27 23 - 26
18 - 25
11½- 19
14 - 21
17½- 29½ 18¼- 24¾ 20 - 23½ 10 - 22¾ 20 - 22½
Pref .......... . . . . . . . . . . . . . 37½- 42
39 - 43
42¾- 50
43 - 47
34 - 45¼ 24¼- 39
:.:!5 - 34½ 34 - ~9
39½ - 44½ 38½- 43
39½- 41
38½- 42¾
1st pret.. . . . . . . . . . . . . . . . . . 84½- 90
85 - 88
78 - 05
88 - 96½ 70 - 80
72 - 82
77 - 85
84 - 00
83 - 87¼ 837,,fr- 89
83 - 88½ 83 - 87
St. Paul & Duluth . .. .... 29%- 32¾ ... - .. .. 25 - 2:5 .... - . ... 22 - 22
15 - so .• .• - ... ... . - . . . . ..
- .. .....• - . . . . 20 - 20 24½- 24½
Pref. .. ....... .. . .. ~ . . . . . . . . 90 - 00
89½- 90
89¾ - 90
86 - 86 . . . . - . . . . 80 - so
65 - 65
65 - 70
75 - 85
72 - 72
i9 - 79½ 72 - 78
St. Paul Minn. & Man .. x84 - 99
90 - 97¾ 92¾- 07½ 90¼- 97¼ 79!>t- 93
78½- 92
83 - 97½ 94 - 99
85)4- 07½ 76¼- 92
78!-I!- 86 · 77½- 86
South Carolina RR..... . . . . - . . . . . . . . _ . . . . . . . . - . . . . . . . . - . . . . 10 - 11 . . . . - . . . . . . . . - . . . . . . . . - . . . . . . . . - . . . . . . . . - . . . . . . . . - . . . 9 - 9
Texas & New Orleans .. .. . . - . .. os _ 93 ... . - ... .. .. . - ... . 92¼- 92½ .... _ ........ - ... .. ... - .. .. .. - .. .... .. - .. . 90½- 91½ .... - ... .
Texa11 & Pacific........... 15 - 20% 19¾- 22¾ 18½- 21¾ 14 - 197/4 9½- 16¼ 5½- Icy½ 7 - 12¼ 10¾- 15¾ 10¾- 13¾ 9 - 12¾ 8%- 13¾ 12 - 14¾
Tex. & St. L. in Texas. 2 - 2 •••• _ •••..•.. - .. ... ••. - • ••. .•• - ..•.•••• _ ... . .... - •....... - ...••.. - .... . ... - ..•..... - ..... .•• - •. ..
Union Pacific .. .... ... ..... 69½- 78% 76¾- 84¾ x78¾- 82,¾ 62½- 74¼ 35¼- 64¾ 28 - 47
28,(- 48¼ 41¾-:57¾ ~5¾- 54% 50 - 58½ 47 - 54¾ 44¾- 52
United Cos. of N. J.. .... 192½-192½ .... - •... 193 -198½ 192½-1!"12½ . . - . ... 185½-185½ .. .. - .... .. .. - . ... 192½-192½ .. . . - ........ - .... .... - ... .
Virginia Midland... ..... 21 - 21
20 - 20
21 - 21 . .. . - .... . .. . - . ..... . . - .. . . 15 - 15
15 - 15
15 - 15 ... . - . . . . 15 - 17¾ ... . - ... .
Wah. St. Louis & Pac.. 12H- 19¾ 15 - 18¾ 14%- 16¾ 8¾- 15
5¼- 9¾ 4 - 6¾ 5 - 7
5¾- 7
4½- 6½ 4 - O¼ 4¾- 5
4¾- 5½
Pref . . .... .. .. . ... .. ..... 24¼- 82
25¾- SO¾ 24¼- 28
14¾- 25
9 - ·17¼ 9 - 14
11¾- 16% 14½- 17
12 - 14
10¾- 13
11¼- 13½ 12½- 13¼
Wa1·1·en .................... .. . . - ... . .... - .... 122 -122½ ... . - ... 121 -121 .. .. - .. . .. .. . - ....... - ... . .... ...... - . . . . . .. - ... ..... - . .. .
TELEGRAPH.
American Tel. & Cable. 1;77,-ti- 611k: 57¾- 60
57 - 60
55¼- 59
49 - 58
49 - r.;5
49¾- 53½ 53¾- 59¼ 52 - 56¾ 53¼- 56
52¾- 55¼ 52l!i- 56
Bankers' & Merchants' 119%-123¾ 128½- 12~..{ x124¼ 26½ *lli¾-27¾ 45 -119½ so - 44
25 - 25
15 - 80
5 - 5
1 - 1
4 - 4½ .... - ....
Gold & Stock..... ......... 75 - 75
. . . . - . . . . 75 - 76 . . . . - . . . . . . . . - . . . . . . . . - . . . . . . . . - . . . . . . . . - . . . . . . . . - . . . · · · - - . · · Mutual Union....... . .... . 14¼- 17¾ 15 _ 16,½ 16 - 16 ... . - . .. . 10 - 11½ ... . - . .. . 11 - 12¾ 13 - 13 .. . . - .. . 12 - 16¼ 13½- 14 14 - 14
Western Union .......... . . 71¼· 76½ 73¾- 78¼ x7Q¾- 76
60%- 71¼ 49 - 63¼ :x:50¼- 6,:'l¾ 53¼- 62
61¾- 69¾ x61%- 67¾ 58¾- 65!J,,i 56¼· 61½ x53½- 64
EXPRESS.
Adams .•···•··• ..... ••··· . ... 1.28 -130¼ 128 - 132 129 -181 130 -137 128 - 135 127)4-130½ 126 -130 130 -135 130 -134 130½-185 130½-134 125 -134
American .•··· •······· ...... 91 - 07
95 - 101
96¼-102
96½- 99½ 88 - 99 87 - 95½ RS - 05 92 - 05 92 - 95 92 - 94½ 92½- 95 x88 - 96
53 - 54
52 - 55
54 - 55
51 - 55
United States ..... .. .... ... 56 - 60
58 - 61½ 58'.!11- 60¼ 59¼- 61½ 45 - 60
47 - 54
49½- 55
52 - 55
Wells, .Fnrgo & Co ....... xl05-x l 0½ 105 - 115 110 -115 110¼;-115
98 -118½ 99 -110 100 -104¾ 104 -109 104 -109 106 -110 107 -110 108 -109¾
COAL & MINING.
Cameron Coal & I t•on . . . . . . - . .
3 - 5 · . . . . - . . . . . . . - . . . . . . . . - . . . . . . . . - . . . . . . . . - . . . . . . . . - ...... . • - • • • • • • • • - · • • • • • • • - · · · • · · · · - · · · ·
Cent1•al Arizona Mining
¼- ¾ . . . . _ . . . . . . . . _ . . . . . . . _ . . . . . . . . _ . . . . . . . . _ . . . . . . . . _ . . . . . . . . - . . . . . . . . - . . . . . . . . - . . . . . . . . - . . . . . . . . - ....
Colorado Coal & Iron... 10½- 16¾ 11½- 17 12 - l.7¼ 12¼- 17½ 9 _ 13
7 - 12¼ 8¼- 12:J:( 9¾- 12½ 9¼- 10¾ '7½- 9½ 7 - 9
8 - 10,(
Consolidation Coal..... . 28 - 23
21¾- 2l!i1; 28 - 23
22 - 22 .. . . _ . . . . 18 - 18 . . . . - . . . . 13 - 18 . . . . - . . . . . . . . - . . . . . . . . - . . . . 18 - 20
Homestake Mininlf ..... . 10 - 11
9 - 9
8 - 8½ 8½- 8½ 9 _ 9
9½- 9½ 9 - 9
9½- 9½ 9¼- O¼ 10 - 10
9½- 10
9 - 10
Maryland Coal............ 12 - 12 15 - 15
14 - 15
12 - 15 . . . . - . . . . 9 - 10
10 - 10
9 - 9
10 - 10 . . . . - . . . . 7 - 7 .• . • - • .. .
New Central Coal... ..... 9¾- 10¼ 10 _ 10
9 - 9% 7¼- l 7¼ 7½- 7½ .... - .. ...... - .... 8 - 8 .... - ..... . . . - .... 5 - 5¼ .. . . - ... .
Ontario Silver Mining .. 2\1½- 29½ 27½- 27¼ 28¼- 29 .... - .... 14 _ 20 .... _ .... 18½- 18½.. - .... 20 - 20
21 - 21
19 - 19¾ 18½- 18¾
Pennsvlvanin. Coal....... . . . . - .... 264 -264 . . . . - . . . . . . - .. -. . . • . . - . • . . . . . . - . . . . . . . . - .... -•. . - .. •• • • • - • · · · · · · - · · · · · · · - · · · · · · · - · · · ·
Quicksilver Mininll••···· 4½- 5½ 5½- 6½ .... _ ... .. ... _ ...... .. _ ... . 3¾·· 4
. . . - . .. . 4½- 5½ .... - . ... . . . - . .. . 4½- 5-¼ ~- 6¼
P1·et.. · · · ·.. . . . . . . . . . . . . . 25¼- so
28 - 32½ . . . . - . . . . . . . . - . • . . 24 - 26
20 - 23
25 - 26
29 - 29½ 29 - 29
. . - . . . . 80 - 84
38 - SS
Sp1·i11a- Mountain Coal . 29½- 35 Ir.!½- 48
40¼- 49¾ 41 - 51
49¾- 49¾ .... - ........ - ...... .. - ... • •·· - • •· · •··· - ··· · ··· · - ··· · ···· - ··•·
Standard Consol. Min'g 5½- 7¼ 6¾- 6;l-..{ 6 - 6½ .••• _ •••..••• _ •••• . ... _ .... .. .. - • • . . . •. ..
. . . . 1¼- 1¼ . . . - . . . ... - . . . . .. - ..••
VARIOUS.
Canton Co .. ............. ... .... - ........ _ . .. . . .. . _ . ... .... _ ........ _ . . ...... _ ... . ... . _ ....... . _ ...... .. - . . .. .... - ... 39¼- 40
40 - 40
Del. & Hudson Canal.. . 105 -108 107½-114 107 -110 10~-107½ 88½-l.05¾ 89 - 99
90½-101¼ 96¾-101
84½ -97 82!1:(- 90 33½- 91½ 67 - 91U
Iron Steamboat Co..
. . . . - . . . . . . . . - . . . . . . . - . . . . . . . - . . . . 15 - 15 . . . . - . . . . . . .. - . . . . . . .
.... ....
. - . - . • • • - • • • • · · • • - • .. • · · · • - "··
N. Y. &Texas Land .. . . . 122½-150¼ 160 -170 .. .. . ... _ .... ... . _ ..... . _ .. ..... . - ... . leO -150 .... - ..•..... - ........ - ........ - ... .
Ore~on lmprovem't Co. 38 - 65¼ 41 - 52 40¼- 45
20 - 40
12 _ 22½ 8¾- !~¾ 9 - 20
20 - 29
15¼- 20
16½- 19½ 16¼- 22½ 19 - 21
O're~onR'y&Nav.Co ... 78½-112 ~7 - 99½ 83 - 91
70 - 86¼ 71 - 81¾ 60¾- 7~4 68½..: 83
81 - 87¾ 65 - 83
68 - 7S
&8 - 75
69½- 74
.Facific Itlail S. S.......... 40¾- 47
45½- rll¼ 50 • 56¾ x4S¾- 58¾ 31 - 46¾ 35¾- 48¼' 39¼- 48¾_ 46½- 52¾ 48 - 52¾ 51 - ~ 48¾- 5-i¼ 52¾- 5?¼
Pullman Palace Car ... . 108¼-117 x:108½ 14¾ 108 -115¾ 110 -113¼ x:90 - 112 94 -103½ 96 -110 :x107¾-16¾ lll¼-115¾ 111 -115¼ xlOS-112½ 105 -ill
Sntro Tunnel .... per sh ..... - ... .. ... - ... ... .. - ........ - ..... . - ....... - ........ - ........ - •··· ·· ·· - ···· ···• - ....
¼- ¾ ···· - ····
United States Trust Co .. . - . . . . . . • _ .. . . . . •• - .•.. 505 -505 .. . . - . . . . . . - . . . . . . . . - . . . . . . . . - . . . • . . . . - . , • • • •• - • • • • .. • • - • · · · · · · - • ...
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. _, _ J_UN_E__• ___J_u_L_Y_.-
_A_u_o_u_s_T_
. S_E_PT_'n_E_R_. OCTOBER. _N_o_v_'_B_ER_. _D_E_c_'DER.
_ _ _ _ _ _ _ _ Low.High Low.High L ow.High Low. High Low.High Low. High Low. High Low.High Low. High Low.High Low.High Low.High
R A ILROAD.
Albany &Susqu e hanna. 128 - 129 124 -124 128 -180 132 -182½ 182 -138½ 138 -138 130 - 180
. • .. . ....... - .. . . 180~-180½ 187 -140 128 -128
A tchison Top. & S . Fe .. 74 - 78 73 - 751$4 677k 70 x69¼x72 66!1(- 71¼ .. . - .. .. 66¾- 677/11 66¾- 66¾ .... - .. . . 71½- 77¼ 87¾- 89 84%- 86~
Atlantic & P acific ...... . . . . . - . . . . . . - . . . . . . . . - . . . . . . . - . . . . . . .
. .. . .. . .
. . . . . . - . . . . .. .
. . . . . . . . - . . . . 8¾- 10% 9½- 11.½i ~ · 10~
Bost .& N. Y. Air- L . , prJ 00 - 90!4 00¼- 90¾ 88 ·· 90¼ 88¾- 00
89½- 90½ 98 - 93
94 - 96¾ 96¼.- 97
95 - 97
94
96½ 96 - 96
94¾- 96½1
Bur . c. Rap. & North ... .... - . .. . 57 - 65 .. .. - . . . . 62 - 62 . . . . - • . . . . . . 68 - 68
63 - 70
60 - 60
eo •· 80 70 87 78 - 82
Canadian Pacific . ..
37 - 44% 37¾- 40
36)4- 40
85¾- 877/4 86 - 40
89 - 41% 40¼- 46
43 - 46¼ 45 - 46
45 - 50½ 49¾- 57¾ 55 - 68¼
Canada S o uthe1•11-. .. •.. 29¼- 82
29¾- 85
30 - 32½ 29 - ~o
23 - 30
26 - 82
30 - 86
85 - 40
85 . 38% 87 - 47¾ 41¾- 47¼ 88 •· 44¼
Cedar F a lls & Mi nn ... .. ... . - . .. . 10 - 11
!l¾- 10
9¾-· 10½ 9¼- 10¾ 10½- 11
9 - 12½ 12½- 14½ . . .
. . . 14%- 17¾ 14½- 16½ 13 - 16
Central Iowa . .... . ........ . .. - .. . . 7 - 11½ 11¾- 13¼ . . . - . .. . . . . .. . ... - .. . . 10 - 12
9 - 11
10 - 10
10 .. 14¾ 12 .. 23¾ 19½- 24¼
Centra l of New Jersey 81¾- 40¾ 82¼- 89¾ 31 - 41¾ 81~- 38¼ 84¾- 87¾ 85¾- 41½ 36¾- 49
43¾- 52
3!i¾- 50
39¾- 49¾ 40:J.v- 47¾ 42 - 46¾
Central P acific . .. .... ..... 26½- 85¼ 27¾- 86
29¼- 85¼ 80¼- 88
29¼- S L¾ 20¾- 82
30 - 84¾ 32½- 40% 35¾- 39½ 36¼- 48½ 42½-· 49
89¼- 44%
Chari. Col. & Auirusta.
- . ... •.. - . .. . .
-· . ... . ... - . ... . .. - . ...... - . . .. . . .
..
29 - 29
- . ... 80 - 85
35
36
85 - 8fl
Ches apeak e & Ohio . ... . 5½- 6¼ 6
6 3"
5%- 6!4 S - 5½ 4¼- 4½ 8¾- 4¼ 4 - 6
5%- 8
7 - 7¾ 6¾- 9¾ 9 ·· 12½ 11¼·· 13¾
1st pref. ···· ···"·· ···... .
O½- 11
10¾- 12~4 O½- 11¼ 7
9½ 7¼- 8¼ 7¾- 8¼ 77,a- 11¼ 10½- 14% 18 - 14.
11¾- HI% 16 - 28¾ 18¾- 2 L¼
2d pref . ....... ....... .. ... 5½- 8
'i - 7
5½- 7
4¾- 6½ 4½- 5¼ 4½- 4½
4½- 7
6¾· 9½ 8 - 8½ 8 - 11¾ 10¾, 15¼ 12½- 15½
Chicag o & Alton .... . .. . . . 125 - 181½ 131 -133¾ 132½-135 184 -188 137 -138½ 136),.(- 189½ 136 -138½ 182 -138½ 181 -138½ 132½· 139 137 -140 138 - 140
Pref.. ..... , . .. . ............ 147 -147 151 -151 152 -152 . .. - . . . . .. 152 -152 . . .
. ... 149 -149 ..
- . . . . . - . . . . . - .... 154 ··155
Chic. B url . & Quincy . . . 115½-119¾ 118¼ ·122¼ 120¾-125½ 119~-124¼ 120 -124¾ l20¾-127½ 125½-131½ 128 -184 126½-180 128%-133½ 133 --188¼ 132¾- 188¼
Chic. Mil. & St. P aul.. .. 70% 76¼ 71¾- 75¾ 68¼- 75¾ x68¾x73>2 66¾- 71
64:14- 72>ii 70 - 83¼ 713¾- 82J.1i 74¾- 80½ 75¼- 89¾ 89¾- 99
89¾- 90¾
Pref ... . . . . ..... ............ 102 -107 103 - 107½ 105),.(-108 x103½-108 102¾-100 103.½-108¾ 108 -113 110½-115 x107¾-14¾ 107 •·114¼ 114¼-119¾ 115 -125
C h ic. & Northwest . . ... .. 8-1¾· 01¾ 89¾- 97¾ 92¾- 96¾ 94 - 08¾ PO¾- 95:J.:j x:Sl:l½-94½ 91¾-101¼ 97½-103¾ 94¾ · 99½ 98½·11H4 110.½-115¾ xl05J,s-14¼
Pref . ..... ... .. . ... . . . . . . .. . 119¾-126½ 126 -184 xl.27¾ 32½ 129¼-138¾ 125J,.!- 130~r :<123¼-129 127 -132½ 129½-139¾ xl24¾-181 128½-185¼ 185 -1877~ x132¼-36½
Chic. R. J. & Pacific .. ... 105 - i09 108¾-114 112¼-116¾ 112 -115½ lll½-115 113¼-118 115 - 119 1177/4-121¾ 117½- 120 118),.(-125 128¾-132 127¼-lW¼
(:hie. S t. L o ui s & Pitts . 7¼- 8¾ 7¼- 8½ 6½- 9
8 - 8½ .... 7 - 7
6½- 10½ 10 - 12¼ 11 - 11¾ 11¾- 18
15¾- 18½ 12 ·· 15¾
Pref........ .. . . .. .. . ... .. . .. 15 - 17½ 15½- 19 17 - 19 15¼- 18 15 - 15
14!4- 16
14 - 25
23 - 25½ 22 - 25>11 25¾- 41½ 36½- 40½ 32 - 36
Chic. St. Paul M. & 0 ... 24¼- 27 25 - 29
23¾- 26½ 18½- 25¼ 18%- 21
18¾- 22
21½- 28
26 - 38¼ 29½- 34¾ 38 - 39¾ 38 - 44¼ 84¾- 41½
Pref. . . .. .. . . . . . . . .. .. . .. . . . 82¼- 87½ 86 - 91¼ 84 - 88¼ 78¾- 86 69 - 74
66 - 74¼ 71 - 86¼ 81½- 96
87¼- 04
98¼ -100½ 100½-105½ 100 -105¾
Ctn. S andusky & Cleve. . . - . . . 22 - 22¾ • . • . - . . . .
- . . . . 20 - 20 . . . . - . . . .
- ..
. . . . - . . . . 28¼- 33
3S - 36½ 85 - &>
Clev e; Col. Cin. & Ind.
31 - 83
8)l½- 83
33¼- 85
23 - 83¾ 24½- 38¼ 28 - 38¾ SO¾- 88½ 87¾- 42
38 - 47½ 47½- 69
60 - 65½ 50 - 61
Cleve. & Pitts. , g uar .... 134 - 137 134½-137½ 188 -130 140 -140¼ 140!4:141 .... - .... 141 -141 189½-189½ .. .. - .. .. 140 -141 141 -142½ 142½-146¼
Columbia &Grecuv., pt. 14.½- 20 20 - 20
20 - 20
llO - 20 .... - .. .. . .. . - ..... . . . - . ... 28 - 41
38 - 41
38 - 40
48 •· 48
51 - 51
Col.Chic. & Ind. Ccn . ... ... ,
..
1¼- 1¾ 1¼- 1¼ .... - . ....... - .... . .. . .......... - .. . ... . - .. . ..
- . .. . ....
. . .. . ... - .. . . . . . . - ... .
Col. Hock. V n.L & Toi.. . . .
. .. . .. .
. .. . . . . . - . . . . . . .. - .. .. .. . . - . . . . . . . . - . . . . .. . . 18 - 20
19 - 20~4 19 - 26
25 - 43
29 - 84
Danbury & Norwalk.. . 50 - 50
.. - , ... . - - . . .. . . . .
. . . ... - ..
. ... 50 - 50 .. . - . . .. ... .
.. .. • • - • - , ... · ·· · - · · ··
i)el. L a ck. & \-Vcstern .. 82¾- 01¼ 88%-104¾ 99¾-109¼ x:103¼ 08¼ 99\ig- 106¾ x93J4-104] 90¼-103½ 98 -105¾ 97 -104¼ 102~2-121¾ 119¼-124 120 -129¾
Denver & Rio Grande .. 8)4- 10
7 - 9Ji 7½- 8½ 5¾- 7!,t 4¾·· 7
4¾- 5½ 4¼- 8% 8¾- 13½ 10¼ · 14
12½- 18½ 17¾- 24¼ 17¾·· 23¼
Dubuque & s. City . .. . .. 55 - 50
60 - 65
68½- 65
60 - 62 . 57 - 59
58 . 59½ 58 - 63
63 . 67
59 - 63
59 - as~ 60 - 65½ 61 - 68
En.st T e nn. Va. & Ga ...
2¾- 3½ S - 4
8¾- 4¾ 3 - 3% 8¼\- S¾ 2¼- 3¼ 2%- 4¾ 4¼· 6¾ 5%- 6½ 5¼- 7
5¾- 8¾ 5¾- 7¼
Pl'c f . . ... .. .. .. . . .. . .. .. . .
4¾- 5½ 5¾- 6% 6½- 8
5¾- 6
5 - 5¾ 4½ - 5½ 4¾· 7½ 7)4·· 10¼ 9 - 10½ 9½- 12½ 10¾- 14% 0½- 12
Elizo.betht. Lex. & B . S. . . . - . . . . . . . . - . . . . . . , -- . . . . . . . . - . . . . . . ..
- . . . . . . . - . . . . . . . - . . . . ·7 - 16
15¼- 20
20 - 27½
Evansvill e & T. Haute 87½- 40 89½- 49
47 - 52
45 - 48
46 - 47 x45 - 40
40 - 52
50 - 54),v, 52½-x57 56 - 64¼ 58½- 71
66 - 69
i!'o1·t Worth & Dcnvel' . .... -· .. ..... . ·· .. . ..
.. . . .. . . - . .. . . .. 14½· 14½ 14 - 14
14¼- 23
19 - 21½ 20 - 28¾ 21 - 25
19¼- 28
Green Day Win.& St. P . 8 - 3½ 8
8
3
8½ S - 4¼ 3½- 4¼ 3¾- 5
4!4- 5¾ 5¼- 6!-:{ 5 - 5¾ 5
6½ 6 - 11¾ 7¾- JO!,,!
llarlem .. ,. . . .. . .. .. .. ...... 100¼- 192 . . .. - . . . . 193)4-200 198 -200 198 -198 xl00-200 190 -195 200 -200 203 -203 205 -205 ... - ... . 208 -211
Houston & T exa s Cent. 20 - 80 16 - 20
14 - 16½ 14¾- 17
15 - 20
17 - 26
24 - 26
25 - 32
29 - 82
31 - 37
33 - 89¾ 32 · 37
Illi nois Central.. ... . ... .. 119½-lllS xl21¼,-126 124¾-127 124¾-127 124¾-l.28 124 -126½ 1"26¼ -132 x 129¼-134 180½-182½ 131½-185>13135 -139½ 135¾ · 140
Lea■ed line, 4 p. c . • . . . 84 - 86½ 85 - 88¼ 85 - &I¼ 85½- 85½ 85 - 89
b7½- 87½ oo - oo
89½- 89½ 90 - 90
!<l '.,j;- 02
91 - 93
92 - 95
Jnd. Bloom . & West. . .. 11½- 12¾ 12 · 14½ 12¼- 13½ 10¼- 12¼ 8½- 10¼ 7½- 9
8
12
11½- 15¼ 11¾- 14¾ 18¼- 20
17¾- 28¾ 21¼· 27
J ollet & Chicago .. ... . ... .. .. - .. . . . . . . - .. ...... - .. .. ., .. - . ... 140 -140 .. . - . . .. . .
.. . . . .
.. .
150 -150 . .
.. .... - · .. •
ll e okuk & Des M oines . . .. - ... . Z½- 6 . .. . - . .... ... - .... . ... - •.. . .. .
. .. . 2½- 4¼ 4 - ll
6
8
8 - 10½ 9½- 10 · ·· · - .. . .
P r ef........ . . . . . .. . . . .. .. . . . . . - . . . . . . . . - . . . . . . . - . . . . . . . . - . . . . .. . . - . . . . . . ..
. . . . 30 . 30
20 ·-6- 29¼ . . . . · ·.. - · · · •
Lake Erie & Western. . . 9¾- 13½ 12½- 17 14
16¼ 4½· 13½ 4¾-- 7
2¼- 5¾ 1¾- 5
8l-s- 10
7½- 9½ 9¼- 14 10¾- 21¾ 13½- 19¾
Lo.kc S hore........ .. ... ... 59¾- 68½ 60¾ ·· 67'% 59¼- 65½ 58¾- 60¾ 50¾- 50
51¾- 58¼ 54¾- 71¾ 68¼- 75
67J4· 74¾ 73¼- 83¾ 82¾- E9¼ 8l¾- 89¾
l,On&' Isla nd ....... ,. .. . . ... 62 - 67¼ 67 - 71¾ 60½- 73¼ 71 - 73 71¾- 77¾ 74¾- 77¼ 74 - 76
74 - 77
73 - 75
73 - 77¼ 76¼- 80¾ 78¾- 8()7~
Louisi ana & Mo. Riv .. . . . - ...... .. - . ... 22½- 26
.. - . .. .. .
.. . . . - . . .. ...
. . .. . ..
. . . . .. . - . .
19½- 21
20½- 25 • • · · - .. .,
Louisville & Nashville . 22 - 26½ 23¾- 33)4 30¼- 8~ 80½- 82½ 28¾- 35 81½- 35¾ 34¾- 41¾ 39½- 49¾ 43 - 46¾ 44 - 48¾ 45 - 51~ 4l¼- 48¼
Louiav .New A lb.&Chic. 11½- 19½ 17¼- 27¼ 22 - 26¾ 28 - 26¼ 28 - 25 .. . . - .... 22 - 25
23¼- S4
30 - 35
32 - 40
38½ - 40
32 - 37
)lo.nhattan Conso l.. .. . . 65 - 70% 71 - 77% x77 - 78¾ 77½- 90¼ 90 - 97 x95 . 97¾ 05)4- 98
05¼-100½ x9\J¼-100% 100 •111¾' 108½-120 117 -123½
llo.nhatta n Beach Co ... ll ¾- 14½ 14 - 15
14½- 15¼ 14½- 15¾ 14½·· 18½ 14 - 16¾ 13 - 14
12¾ - 15
10¾- 11½ 10,i- 14½ 14 - 18
14 - 18½
.l lcmphis & Chai·leston . 27¾- 80 29¼- 86
35 - 44
37 - 40
34 - 37½ 82 - es
ss - 87 ss - 89 84 - 88 35 - 87¾ 33 - 40 33 - 38
.l lc tropolitan E levated. 00 - 93¾ .. . , - . . . . . . . , - . . . .. ... - . . .. .. - ... 125¼-125¼ . .. , . . .. . . - . .. ... . - . . .... . - .. . . •· · - .. . ·· · - ·· · ·
U ichigan Centr a l ... . ... . 54 - 01
55 - 64½ 55 - 63
51 - 59
46½- 52½ 48 - 55
51 - 65¼ 62 - 68¾ 61½- 07
65½- 77¾ 74 • 79¾ 71)4- 78
Jiilw. Lake .S h.& W. . . . ... - ........ - .... .. .. - . . .. . .. .
. .. . .. .. - . . . . . .. - . . . . . . - ... . . . . - ... ... .. - .. .. 16 - 20 20 - 24 28 - 25
. P rct .... .... . ............ ,. .... - .... 82 - 84¾ 34 - 34
33 .. 83½ 29½ - 8'.J
29 - 20 . .
. ... ss - 89¾ 37 - 30
40 .. 48¾ 50 - 54 •~ 50 - 54
l.linneapolis & St. L ... 10½ · 12½ 11¼- lS
11½- 12¾ Jl - 12¼ 11 - 11½ 11¾- 18
13 - 16
14¾- 20:J,4 16%- 19¼ 17¾- 28¼ 21¾··· 26
20 · 23
Pref .... .. .... .. . . . . .. ... . . . 25 - 28
27¾- 20½ 25.½- 28
25 - 27!,,~ 24!-..i· 26
26½ · 29¼ 28¾·· as
30¼- 43¼ 37 - 41½ 38¾- 48¾ 45¾- 56¾ 45 - 51~
Jlissourl K an. & T exas 14½- 17½1 14¼- 18¾ 171,4- 18¾ 17¾- 19
17%- 19¼ 16½- 18¼ 17¼· 22¾ 21 - 26
22¾- 26
24¼- 28¼ 27¼- 37¼ 29¼- 85½
Jlissouri P acific......... . 00¾- 95
90%- 97¼ x89¾ - 91¾ 90¼- 95¾ O! - il6 x94¼- ·OO¾ 91 - 98¾ 90¾- 95½ 91 - 95
93 -104¾ 101 -106 104 -111¾
l fobil c & Oh io. ... . . ...... 'i½i- 8
8 - 9)4 9 - 9
8 - 8
7½!- 7½ 6 - 7
8 - 9¼ 9
18¼ 11¾- JS¼ 12 - 16
14 - 18¼ L4 · 16¼
Morris & Essex ..... ... . . . ll4,.(- 121 118 -122 ll8 -122 119½-124;14 122¾-124¾ 122 -125 120¼-126 123 •·127 124¾-127¾ 127¼- 120¾ 129).€-183½ 128 -183U
45 - 50
No.shv. Cha tt. & St. L.. . S3 - 87 85 - 42½ 40 - 42¾ 88 - 40
85 - 39¼ 35 - 40
30 - 44
42 - 47¾ 43 - 45½ 42 - 48
44 - 40
N. Y . Cent. & Hod. Riv. 84½· 89,1i 67¾-- 95¾ 87 - 94}1; 88½- 91
82½- 89% 81¾- 88¾ x83¼-x90 96~4- 101¾ 05½-100¼ x08 -xl04½ 101 -107¼ lOl¾-106¾
N. Y. Chicago &St. L... 4¼ - 5¼ 4½- 5
1¾- 4½ 2 - 2½ 1½- 2¼ 1¾- 2¾ 2¼- 8% 8¼- 7¼ 5!4- 6½ 6 - 10¾ 8 · 11¾ 8¼- 10¾
Prbf ... .. . . . . . . . . .. .. .. .. .. . 7½- 9 . 8 - 9l}.( 4 - 9
4 5½ 41.i- 4¼
4 - 5
4¾·· 77,( 6¾- 12¾ 11 - 12% 11.½- 21½ 16½- 26
18!4- 23¾
New York Elevated ..... 122 -130 .. •. - .. •.
- . ... 135 -140 140 -145 . .. - . . . .. .. .. . . . . .. - .. . . ..
- •· .. ··· · - ...
N. Y. L a ck. & West . . . .. 84½- 88 86 - 68
87¼- 88¾ 88 - 89½ 88 - 90
88¾- 00¼ 89¼- 02½ 92¾- 94 92¾· 94 92¼- 97¼ 96½-100½ 98 - lOO
N. Y.Lake E rie&Wcst. 12½- 14¾ 11¼- 14¼ 12 - 14 11¾- lS
9)4- 12
9¾- 10¼ 9¾- 15% 15¼- 18¼ 14¾- 17¾ 16 - 23¼ 21¾- 277~ 22½- 26¾
4 6¾- 54½
P r ef .... .. ..
. . . . . . . . . . 28 - 80 20 - so
24 - 20
21 - 23½ IO • 28
18 - 22
22 - 81
31 - 30
84 - JS½ 87 - 46
44 - 57
N. Y. & New Eu~h1.nd .. . . 12 - 14% 14\1:!- 17)4 15¾- 17
16½- 22¾ 18¾- 21 ½ 17¾- rn
19)4- 21
20 - 25.',{ 19 - 23% 20¾- 31
27½- 38¾ SS½- 39X
N.Y. N. H a ven&Hartf. 175 -180 !79 -180½180 - 182½186 -180 186)4-100 183 -183 184 -186½186 -186 102 - 103 102¾-200)4200 -20Z¼200 -20!l
N. Y. Ontar i o & West.. 10½-· 12¾ 10¾- 12¾ 8½- 11¾ 6¾- 9½ 6¾· 8
6¾- 8
6¼- 11¼ 10¼·· 17
12¾- 14¼ 13 - 16¾ 16 - 20½ 17¾- 20¾
N. Y. Susq. & W e st... ..
1¾- 2¼ 1%- 3
2¼- 3
2 - 2½ 1%- 2½ 1¾- 2¼ 2¼- 3~ s - 6
4.¾- 6½ 5¾- 77/8 6¾- 9¼ 6¼- 9 ¾
Pret......... ..... . ... . ... . . 4¾- 4¼ 5 - 8
5¼- 6½ 5½- 6
6½- 7
5½- 5½ 6¾- 8
7
12¼ 10½- 15
13½- 19¾ 17¾- 23¾ 20¼- 24¾
Norfolk & \ Vestern ... . ..... . - .. .. . .. - . .. . .. - ... . . ... - . . ,. ... - . . .. .. ..
. . ... . .. .. .. , - . .
8 - 8¼ 8 .. 13¼ 10½- 13
LO ·· 11¼
Pref .... ...... . .. .. .. ... . . .. 21 - 28 22 •· 25¾ 22 - 24½ 19 - 21¾ 17 - 187/8 15½- 17
14 - 22
21 - 25½ 22
24
2S - 34.½ 80½- 38¾ 26½ - 81 ¼
Northern Pacific .. ...... .. 15 - 17¾ lo¼- 19¾ 16¾- 19
16½- 18¾ 16 - 17½ 15¾- 17
16½- 22~ 20~- 24¾ 10¾- 22¼ 21¼- 26½ 25 - 81¾ 26¾- 80¼
'Pref . . .......... ..... . . .. . . . 86½- 40¼ 87¼_- 48¾ Ss:l¼- 44
38¾ - 40¾ 37½- 40
37 - 40¼ 88¾- 48¾ 46¼-· 51¼ 45 - 48¾ 46\1.(- 55¼ 54¾- 65¾ 57 - 65~
Ohio Centr al. .......... . ... l¾- 1¾ 1¼- 1~
¾- 11,s
¼- ¾
¼- ¾
¼¾
¼- ¾
½- 1¼
¼- l¾
¾- 1¾ ¾- 2¾ 1¾- 2¼
Ohio & M issis sippi ....... 16
10
15¾- 18¾ 14½- 18)4 11¾- 14¾ 10¾- 18
13 - 16¾ 15 - 19¾ 18 - 23¾ 20 . 22¾ 21¼- 25
22¾- 28¼ 21 ¾- 25¾
Pref . . . . . . . . . . . . . . . . . . . . . . . . . . . - . . . . . . . - . . . . . . . - . . . . . . . . - . . . . . . - . , . . . . . - . . . . 71 -- 72 . . . . - . . . . . .
. . . 78 • 78 . . .
. -. · · · · - · · · ·
()hio S outhern ... . . . . .. . . . 9 - 10
9~,i- 11
10 - 12
9¼- 11
8
II½ 7½- 8½ 8 • 10¼ 9 - 11
9l,s- 12¾ 11¾- 17
15 ·· 21¼ l5 · 19½
Oregon S hort L i n c.. . .... 15¾- 16
15 - 16
14¾- ld
16 - 21
18¾- 20
17 .. 18 . . . . - . .
18½- 19½ 18 - 19
19½- 27¼ 25¾- 28
24¾- 26½
Ore.ion & Tro.nscontin' I 11¼- 14¾ 12¼- 14¾ 12 - 14 10¾- 15
18¼- U ¾ 18¼- 14 12%- 18¾ 18½- 22¾ 18¾- 21½ 20½- 29½ 28½- 86% SO¼- 86!>4
Peoria D ec. & E van sv .. 12½- 14 12~- 15½ 13¾- 14¼ 8¾- 13¼ 8%- 10
7¾- 9¼ 8¼- 14
12½- 15
18¼- 15¾ 15¼- 20¾ 177-!l· 24
:i. 7¾- 22
Phtla. & Rca dln1:. .. .. . . 15¼- 19
15¼- 18½ 13¼- 18½ JS¾- 16¼ 13 - 17
13 - 15½ 13¾- 21
16 - 24¼ 16¾- 21¾ 13¼- 26
20½- 25¾ 18½- 24
Pitts. Ft. W. &C., i;:-ua1•. 128½-125¾ 119½-124 128 -128 Jl25¼-129 129¾-184 138¼-185¾ 132¾-185 185½- 187½ 136¾-140 186½- 140 lSS¼-141 ¾ x l 4 0¾-142
S pecial. ...... .. .
120 -122 121 -1~9½ 122 -122 120 -120 ..
120 - 123 130 -180 129¼-180
.Rens . & S aratog a ...... . . ll:IS½-140 187 -138 140 -142¼ 140 -14S - 148 -143¾ . . . . - .. .. 140¼-140¾ 140 . 140¾ 142 -142¼ 142 -145 150 -157½ 158 -lOO
Ricllm. & A llea-hcny . . . 2
2½ 1¼- 2¼ 1¾- 2½
1
2¾ l - 1¾ 1 - I¼ 1 - 4¼ 1½- 4
2¾- ~ 4¾- 11½ 6 - 9½
78 - 8 2¼
Richmo nd & D anville .. : 44¾- 48 46½- 63
49 - 54
48 - 49½ 46¼- 49
48 - 51½ 50 - 64
65 . 75
70 - 76½ 71½- 76
78½- Si
Richmond & West Pt . . . 119 • 21
10 - 24
22¼- 26}4 21¾- 2$½ 18¾- 22
18½,- 20~ 20 - 28
27½- 82½ 28¾- 82½ 80 - 83¾ 81 · 48¼ 82 - ~
Rocbel!lter & P i ttsbu r1i
2¾- 8~ 27A- 3¼ 2¾- 4
2¾- $¼ 2¾- S¼ j 2¾- 8
2¼- 8~ 3~- 6½ 2!1(- 4½ 8¾- ~ 4½- 5¾ ~- ~
Kome Wat. & Ogdensb. 17 - 17
17 •· 19
18 - 18 ... . - .. .. 17 - 17
16 - 16 . . . - ... 16 - 18
18¼- 18½ 18 - 28
25 - 26½ ?fl - fl
0
··········1
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RAILROAD .AND MISCELLANEOUS STOOKS.
188~-Concluded.
APRIL.
MAY.
AUGUST. SEPT'BEJit, OCTOBER. NOV'BER. DEC'BER,
- - - - - - - - -MARCH,
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JANU:ARY FEBR'RY,
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
St, Loul8 Alton & T. H. 20¼- 21¼ 21¼Pref . . . . . . . . . . . . . . . . . . . . . . . . . . . - . . . . . . . . St. Louis&S. Francisco. 18* 00¼ 18 Pref . ....... .. ...... . .. .... 85½- 39¼ S5¾1st pref ... . . ... . .... .... .. 81 - 87½ 80¼St. Paul & Duluth. ...... .. ..
.. . . 21 Pref.... . . . . .. ...... .. . .. . .... . - . . . 77¼St, Paul Minn. & Man . . 79¾- 87
84½Scioto Valley ............. . •· · - .. .. .... South Carolina... . . .. . .. .
. ..... .. Texas & New Orleans . . 89 - 89¼ .. .. Texas & Pacific. .......... 11¾- 13~ 12
Tex. & St. 1,•• in M.& A, .... - . ... ....
Union Pacific.... . ........ . 415¼- 50½ 46¾United Cos. of N. J ... .. .. ....
.. .. .... ·
Virgluln. l.l'ltdland..... .. . 15 - 15
16 Wo.b, St, Louis & Pac. . 4.¼- 5¾1 4 Pref .. . ... .... .. .. . ... . .. 12¼- 14
11 Warren ... . . ...... . ........ 116 -116 .... TELEGRAPH.
AAmmeerriiccaannTDeils.tr&icCto.
.. b. .l.e·.· ~- - = • .... .. . -_
c~:!~n ~o:.~~-
---22 - 23¼
16¼- 20
15 - 16¼ 17½- 19½ HI - 24¼ 23 - SO
. . . . 75 - 78
18½- 21
83¼ 30 - 84¾ 81¼- 83½ SO - 84
32¼- 35¾
81
79 - 84¾ 81¼- 84½ 80 - 86¼ 81 - 85
........ -- .. .. 24
~4
18 - 24
20 - 25¼
80
82 - 82
83 - .SS
77¾- 85
84¼- 87
90½ 83 - 86½ 83¼-101 9i-x107½ 108 -1~
. .. . ... - ... . ... . - . . .. . .. . - . . . . . .. . - . . . . .. ..
21
19¼88½ S2¼84¼ 80¼24.
•.• 77½180 90
87~
20¾ 19¼87~ SO 84¼ 79¼. . .. . . .. 80¼ 80 907,1i 84 -
l ~ 17¼- 20¼ 18 - 1~ 17½- 20
1
55
3 - 4
. 28 - 35
80 - 82
17¾- 19
81 - 85
82 - 84
2S - 25
80 - 84¼
97 -104
83 - 51
81 - 91
18J4- 22
33¼- 41¼
82¾- 91¼
22~- 29¾
81½- 90
100¾-107¼
...... . - ....... - .. ..... . - .... ....
.. .. ....
. .. . ... . - ........ - ........ - ,...
..... . .. - . ..
.. - . . . . . . .. - .. .. 7 - 7¼ 8 - 9
10½1-· 12
12¾- 12¼ .... - . .. .
...... .. - .. .. . ... - . .. . .. . . - . ... .. . .
. . . . ....
. ....... - ... ..... ...... - ....
18¼ 10¾- 18% 9!,(- 11
O* 11~ 10¾- 12
11¼- 14¼ 14¼,- 18
16¾- 19½ 177,-i- 22~
.. .. .. - ........ - ........ - . .. . . . ..
51¾ 41 - 48½ 41¼- 49¾ 47¾- 55¾
........ - .... ..
. ... 100 - 100
16
18 - 18 .... - ........ - .. . .
5
4 - 5
2 - 4
2¼- 8!4
18
11 - 12!4 7 - 11¼ 6¼- 7
.. . . . . ..
.. 118 -118 118 - ll8
!?~_- 15161¾, . 5..8.
- ; ...
_ 7
2!,(- 2¾ ... . - . . . .
• ••· - . .. . . . ..
. .. . 14¼· 14¼ 115½- St
58¾- 58½ 57!4- 68¾ x55½- 60¼ 55¾- 50J.,ti
II
Bankers' & Merchants'
Mutual Union ...... . . .....
Western Union . .
.. ....
EX PRES!'!!.
Adams ......... .. ....... . . ...
American .... . . ......... . ...
United States . . ............
Wells, Fo.ra-o & Co . .. ....
1
~~.' . . .
Colorado Coal & Iron.. .
Consolidation Coal......
Homestake Minina- .. . ...
Maryland Coal... .... .....
New Ventral Coal. .... ...
Ontario Silver Mining
25
~ ...
53
U5
.... - . . . .
17 56 2 ..
57¼-
t.r.071S
497,-i.... .. . .
3 ..
7 .. .. -
20
19½60
157¾ 2
1 . . ...... 60¾ W¼-
. ... ....
54¾ 45
.. .. . .. .
. . .. Hi
4J.4 4
8
7
........
..
3 - S
.... ·- ........ -
- 55¾ 46½- 52¾ 47¼. . .. 196½-197 .. .. - 15
16 - 22
19 ~
5 - 9½ 6%- 11
9¼- 17¼ 12½- ........ - ....... -
25
62¾
1
. •..
63¼
20 - 20
60 - 68
1 -- 1½
.. ..
.. ..
00¼- 687,-i
.... 61½.... . .. 67¼-
.... 20 65
6~.. ...... ........ 72¾ x67¼-
185 -1 87
93¾- g7¼
51¼- 58
UC -115
187 -141
94 - 96
52 - 54
lQB¾-111¼
189 -142½
95 - 00½
53 - 55
118¼-118
42 - 47¼:
85 - 85
20¾- 24¾
40%- 49¼
90J4- 00½
28¼- 89¾
89¾- 98¾
104¾-110¼
8 - O¾
14¼- 18½
49 - 49
20¼- 26~
37 - 41
86 - 86
21 - 23¼
44¼- 47¼
00 - 00
85¼- 89~
97 -101
1()6%-111
•··· - .. .
14 - 17'7~
.... - .. ..
10 - 28¼
. ..... .. - ........ - •.•.
51½ 48¼... .. . .. 19½ 18 8½ 7 15½ 18 .... .... -
55¾ 55 •
... . . . . 22
22 10½ 9¼18¾ l'i½...... .. -
62¾ 52 ........ 2S
25 15¾ 9¾25
17 ........ -
30
22 _
64¼ 64½•
....
¾........ 71¼ 68~-
29½ 26½- 28¼ 27 _
7l
68 - 70
66¼1¼ 2 - 6J4 2¾........ - .. .... .. 80¾ 75¾- 81:}s x71¼-
158¾
.. . .
29
13
22¾
... .
86¾
68
4¾
... .
'i6'(
I
lSO -135
8~- 98
48 - 52~
l0~- 110
:x:183-135
90!4- 92
50½- 52½
107 -lJ.O
182
91
150
109
-184
- 92
- f>S½
-110
183½-138
91J4- 94¾
52¾- 55
109 - 111
185 - 187
95 - 97½
51¾- 58½
109¾-110½
138 - 145
977/4- 00¾
158* 55
115 -118
140 -144½
98 -104½
54'¼- 62½
1.15!,4-118
142 -145
101½-104
59½- 62½
117 -120
141 - 145
101 -105
60¾- 62¼
117 -124
8½1
.... - . .. . .. . . - .. . ... . - ... . .... - ....... . - . ... . . .. - . . .. 5½- i½ . ... - ........ - . . . . 6 8¼- 19~ 14¼- 17¾
8 - 10½ 9 - 18~ 10¼- lS
10¼- 11
9¼- 11
9½- 11¾ ~- 12½ 1 ~ 17¾ 15¾- 18¾ 16¾- 25¼ 21½- 26¾ 21~- 2~
. .. - .. .. 19 - 20
20 - 20 .... - ........ - ........ - ........ - .. .. 19 - 19
19½- 19½ 19¼ -21½ 21¾· 23¼ .... - . .. .
10
10½ .. . . - . .. . 10½- 10!1( 109:(- 10¾ 11½- 11¼ 14 - 14
18¾- 15
16 - 17½ 17 - 17'4 18 - 20
20 - 22½ 28 - 28
. . .. - . . . . . .. . - .. .. 8 - 8
7½- ~ . . . . - . . . . • .. . .. . . . . - . . . . . .. . - • . .. 8* 9½ 9¼.:. IO½ 12 - 16¼ 10 - 10
. .. . - .... 6 - 7 .... - . . .. 5¾- ~ 4¾- 4!4 .... - .. . . 15 - 5 .... - .... 7 - 6¼ 6 - 9¼ 10 - 15¾ 11 - 14
. . . - . . . . 17 - 17
18 - 18
18 - 20
20 - 215
215 - 215
24. - 24½ 215 - ~ 25¼- 26
215 - 28
29 - 29
82 - 82
Pennsvlvania Coal... .... ... . - .... .. .. ....... -- ...... .. .. ..4½- ..4¾.... .. - ... . .. .. - ... .... . - .... .. .. - .3½... .... -........ - ....
Quicksilver Minina- . ...... .. . Pref. ... . . .. . . .. .. .. . . . . . .. 80 Standard Consol. Min'g . ... VARIOU S.
Canton Co .. .... .. .. .. .... . .... Consolidated Gas . . . .... . .... Del, & Hudson Canal. .. 66½Iron Stea1nboat Co .... . . .. . .
.. .. 40 - 40
. . . 83½- 85
45 - 45
44½- 46
44 - 44 .... - ..... . . - ..... . . . - .... .. .. - . . . .
80 - 94¾ 82½- 92¾ 98 - 00½ x92¼- 99
92½- 95
92½- 94¾ 91¼- 97½
74
61l¾· 88
75¼- 79;,! 77¾- 813¾ 76 - 82¾1 75 - 80¼ 74¼- 83¾ 80¾- 87½ 79¼- 86¾
.. .. .. . - . . .. . . - .. .. . . . - .. .... .. - . ... , ... - . . . .. .. - .. ... ... - . . . . 17 - 17
~~:a-·o~l::::v~:.~:c~: 2i' =2ei I 25
Orea-on R'y& Nav. Co ...
0
-280 .. .. - ....
-006
280
266
4¼- 4½ S¾- 4¼ .. .. - •. .. S½S¾- 5¾ 5¾- 7¾ 6¼- 8½ 7¾- 11¾ 6¾- 7!'(
SO . . .• - .. .. . . ..
. .... .. . - .... . ... - ........ - .... 22¾- 22!!:( 28 - 24¾ 22½- 28¼ 28)4- SQ¾ 24 - 83
28 - 26
. .. .. . . - . . . . 1½- 1½ .... - . . . . l¼- 1¾ .... - .... .... - .. . . . .. - ........ - . .... . .. - .. .. .. .. - ....... - ... .
= 3~--
0
27 : so
1!~~/!~½
0
2"i = 29 .. 23½= 24¾ 22¾= 26 .. 23¾- 29 .. ,.28
. . . - .... .... - . .. . 53 - 58½
95½- 98
98½-104¼ 96 -100
87 - 99¼ 96~-100½ 93¼- 00
17½- 21
22 - 22 ••.• - . .. .
1: =1:
=~ ,
0
29¼= 34% .27½: 40¼
59¾- 78
61½- &!½ 66 - 71
61¾- 77
73!4- 76¾ 69¾- 75½ 787k 78 177!4- 82'7,-i 76¾- 81¾ 80 - 100¾ 97¾-111¼ 105¾-110½
Pacific Mail S.S . . . .. ... 58½- 56¼ 154 - 56% 46¾- 62¾ 48¾- 56¾ 58 - 56¾• 48¼- 55¾ 46¾- 51)4 47 - 52 46¼- 5114, 50%- 58¾ 56 - 70
62 - 68¾
Pull!!1an Palace Car .. 107½-ll~ :x:110¼ 115 112½-115 113½-117 xl14-:x:120 115 -118¼ 115 -123¼):x:121-129¼/25 - 129½i128¼-183 xlSQ¾-87¼ lSl -183¼
I
0
1886.
STOCKS.
JANUARY FEBR'RY.
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 Low.High Low.High L01W . High Low.High Low.High Low.High
RAILROAD.
Albany &Susquehanna. 138 -14G½ 137¼-144% 187½-144 148 -144 .... - ... . 136 -136 .•.. - .. ... .. . - ... . .. .. - ... . 140 - 14.C 148 -148 ... - .. ..
Atchison Top, & S. Fe .. 87¾- 93¼ BS¾- 91¾ 90¾ - 93 85¼- 86 .... - .... 85¾- 90¼
- .... 84¼- 89¼ 877,-i- 92
91¾- 95¼ 92* 99¾ 94 - 98¼
Atlantic & Pacific .......
8½- 9¾ 'i'i',-i- 9 ~.! 7¼- 9¾ ~- 8½ 7 - 8!4 ~- 8¾ 7 - 7¾ 7)4- 8¼ 8¼- 10¼ 9¼- 1~ 10¾- 18¾ 9"~- l3
Bost.& N. Y. Ah·-L., p1•1 9'"¼ 101 100¼-100¼ 97 - 99
96 -100
98¾-100
98¾-100¼ 100 - 101¾ 100¾-100¾ .... - .... 101 -101¼ 101 -102 101 - 101¼
Buff. Roch. & Pittsb ... . .
- ...... - ....... . - . . ...... - .... .... - ........ - ........ - .. .. . ... - .. . 22½- :29¼ 24¼- SO¾ 29¾- 30¼ 81½- 35½
Bur. C. Rap. & North . ..
/5
70 - 70
60 - 70
70 - 70¼ 60 - 60 . ... - . . .. 55 - 59
50 - 50
45 - 55 .... - ... . 55 - 55
54½- 55
Canadian Pacific. . .
62¼- 68!4 61 - 66
63¼- 67¾ 68¾- 66¾ 62¾- 65¾ 64¾- 67¾ x65 - 68¾ 64).f- 67¾ 64 - 69
67¾- 73
68¾- 71¾ 65 - 69¾
-Co.no.do. Southern....... 38½- 48¼ 42½- 45¾ 86¾- 44¾ 87½- 41½ 34¾- 89¾ 89¼- 44¼ 42½- 45% 42 - 47¼ 43½- 5d
55½- 64¼ 63¾- 67½ 56¾- 71¼
Cedar Falls & Minn.... . 12½- 14¼ 11 - 14),( 12¾- 14½ 12 - 13 .... - . . . . 12 - 14
15 - llJ½ 18 - 19¾ 15!4- 17
15 - 18
16½- 177/4 15 - 18
Central Iowa .............. 17 - 22½ 17½- 20
13 - 20
17 - 18½ 13 - 17½ 17 - 19
18 - 20½ 16¾- 20
18½- 20
14½- 19
12 - 16¼ 12¾- 14,¼
Central ot New Jersey 42¼- 45¾ 44½- 56
46¾- 57¼ 47½- 55
46 - 53
51¼- 55¾ 54 - 56¾ 51¼- 55¼ 58 - 64
48¼- 63¾ 4.9¼- 55
48½- 56¼
Central Pacific. ... . ....... 89¼- 4.4¼ 40¾- 44.¾ 38 - 43¼ 38¾- 48¾ 88¾- 41
40}(- 43
41½- 43½ 41½- 44% 42¾- 50¾ 46%- 4'1% 45¾- 49¼ 40 - 51
Chari. Col. & A uirusta . SO - SO . .. . - .. . . .. .. - .. . . .. . . - .. .. 82 - 82
. . . - .. . . .. .. - .. . . .. - . . .. .. .. - . . . . . . . . - . • • 42¼- 50
45 - 50
Chesapeake & Ohio ... . 10½- 18¼ 10¾- 12 10 - 11½ 9 - 11¼ 7 - 8½ 8 - O½ 8½- 9:½ 8¼- ·0% 8 - 11¾ 9 - 10¾ 9¼- 10½ 8* 10¼
1st pref.... .. . ............ 18¼- 21¼ 18¼· 21
14½- lil¼ 18 - 18¾ 13 - 16
14¼- 17¾ 15 - 17¼ 16 - 17½ ::.5 - 18¾ 16!4- 20¾ lS* 20
15¾- Ill¾
!ld pref .... . . ............ . . 13 - 15
12 - 15¼ 10½- 14
10 - 13¾ 8½- 10
10 - 12
9 - 11
8¾· 12
8¾- 18
10½- 1S~ 10¼- 18¼ 9¼- 12¼
Chien.go & Alton .......... 139¾-143 140 -144 140 - 143 142 -142 xl38-142 140 - 145 142½-145 140 -146 141 -143 142 -144 142 -145½ 142 -144
Pref... .. . . . ................ 155 -157 160 -160 154 -160 155 -160 150 -155 .. .. - •... 159¼-160 162 -162 160 - 160 .. .. - . . .. .. .. - . .. . 150 -150
Chic, Ilu1·l. & Quincy .. . 184¾-140 x87 - 139¾ 129'½-137¾ 131 -135¼ 123¾-184~ 132½-138 183¼-!.86 183 -136¾ 135¼-t88 l36¾-189¾ xl38 - 141 183½-138
Chic. Mil. & St. Pil.ul . ... 90¼- 96¾ 91¾- 95¾ x85¼- 03~ 85¾- 89¼ 82¾- 93
UO¾- 95¼ 91¾- 94% 897,-i- 94¾ 90¾- 01
92¼- 96¼ 98 - 96¾ 87¾- 96J,4
Pref. ...... . ... ,... .. .... . 120 - 124¼ 121½-124¾ :x:118½-125 118 - 121 116 -122½ 1207/4-124¾ 122 -128¾ 120 - 123~ 120:k;-125¾ 120]4-122¼ 119¼-121¾ 117 -120¼
Chic, & Nortkwest .... . .. 105 -110¾ 107¾-lll¾ 104¼-110¼ 105¾-109½ 104¼-118 xlll-116% lll½-116 111¼-115¾ 118%-119¼ !14¼-118 117¼- 120% xll0-120½
Pref ............ ....... .. . .. 135 - 137¾ 135¾- 141½ x185¾-142 137½-140¼ 135 -141¼ x140¼-42¼ 189¾-142½ 140¼-lM :x:141¼ 43¼ 140 -14.3¼ 140½-143¾ x138¾-142
Chic. R, I. & Pacific ... .. 127 - 180¾ 127¾-131 xl24½-130 125 -127H 120¼- l25J4 12..l>ii-128¼ 125½-127 124¼-127¾ 126¼-128½ 12'> -127 126 - 129 124 -127¾
Chic. St. Louis & Pitts . 13 - 15)4 12¼- 14½ 9¼- 18 10.¼- 11½ 10 - 11
10¾- 12½ 11¾- 13
12½-:,14,t 12¾- 14
12¾- 14½ 14 -HM 15 - 18¼
Pret.. . .... . . . . . .. . . .. . . .. . .. 30 - 35½ so - 85
26½- 34 29¼- 81 27 - so 29 - 30 so ._ 82 32 - 86¾ 81¾- 35½ 3') - 84.½ 83 - 43¾ 85¼- 43
Chic, St. Paul M. & O ... 85¾- 41¾ 88 - 42¾ 35¼- 41¾ 877,-i- 42¼ 87¾- 48¼ 42¾- 50¼ 44¾- 48¾ 48 - 49% 45¾- 51¾ 48 - 51¾ 497/4- 55
42½- 54¼
Pret.. ...... . . . . . . . . .. . .. .. . 08 -104% 101 -105¾ 97 -104½ 100¼-:04¼ 100 -1071-2 10~-116 1C7¾-112¾ 107 -113 110 - 114½ 112 -114¾ 113¼-116½ xl09 - 115,¼
Cin. Ham. & Dayton . . .. .... - ... .... - . . .. 1057,(-105¾ 117 -125 147¾-149 142 -144 140 -140 ... . - .. . . · · · - ... .... - ... .. ... - . ... 130 -130
Cin. Ind. St. L.& Chic.. 70 - 70 .... - . .. .. .. 70½- 84
81¾- 85
85 - 94
92 - 95½ 92 - 95¾ 92½-lOO
Q7 -101
95 - 95½ liO - 93½
Cin. Sandusky & Cleve, 33 - 83
84.½- 34½ 84 - 35
. .. - .. . . . . .. - . . .. 82 - 83 . . . . - . . . . . . . . - . . .. 39¼- 39¼ 44 - 46
44 - 46¾ 48 - 51
Cincin. Wash. & Bait . . .... - ... .... . - . .. ..... - ........ - ... .. .. - .... 2½- 4
8 - 3½ 3½- 3¼ 3½- 4¾
4½- 6½ 5* tl¾ 5½- 6¾
Pref ....... .. ............. . .... - . .. ... .. - . ....... - ........ - ...... . - .. .. 5¾- ~ 5 - 6¼ 5¾- 6½ 6 - 7½ 7'J,,,!- 10¾ 9¼- 12
8 - 11¼
Cleve. Col. Cin. & Ind ... 50½- 60
M - 5$4 43½- 55
46½- 54
43½- 51
50 - 58
53 - 68
53¼- 61½ 58½- 66½ 63½- 72
71 - 75½ 60 - 74½
Cleve. & Pitts., guar .... 146½-147 147 -150 150 -152 151 -151 150 -152 150 -151¼ 152½-152½ 151 -153 151¼-152½ 152 -152 150 -150 .... - .. ..
Columbia & Greeuv., pf. . .. . - . . . . 42 - 45
42 - 42
48 - 52 . .. . - . , . . 45 - 45 .. . . - . . .. . . . . - .. .. . . . - . . .. .. . . - . .. . 44 - 60
55 - 158
Col, Hock. Vo.I. & Toi.. 29 - 84
81¼- ·38½ 27 - 38¼ 29 - 85
26%- 83¾ 31¼- 35¾ 30¾- 83¼ 28½- 81¾ 31 - 84½ SO¼- 41½ 877,-i- 45½ 2E½- 48!1(
Del. Lack. & Western .. 115 -125½ 119%-135¾ 122¾-183¼ x123¼-28J4 12~!-130½ 127¾-133!}s 125¼-180½ 125¾-181½ 128¼-140¼ 135¾-143¾ 189½-142~ 180 -144
Den-Yer & Rio Grande.. 14¾- 20¼ '16¾- 17¾ 15 - 16½ 15 - 16½ 15 - 16½ . . ..
. .. . . . - . . .. . .. - . .. . . ... - . . . . . .. - ....... . - ... .. ... - ... .
Assessment paid. . . . . . 21½- 26
22¼- 25¼ 21¾- 24¼ 22 - 25
21¼- 25
24¾- 28½ 26¼- so
29 - 81¾ 28¼- 35
80 - 34½ 81¾- 85'¼ 26½- 35¾
Pret............. .. . . . . .. . . . .. - . . . . . . .. - . .. . . . - ... . . . . - . . . . . .. - . . .. . . . . . .. . . .. - .. .. . . . . - . . . . .. . . - . . . . . . .. - . .. . 59}:{- 68¼ 53¾- ~
DetroitHill&d,&So.W, ... - ...... .. .... - .... .. .. - ........ - ........ - ...... . - ........ - ..... ... - ... . 79 - 82
79'¼- 7~ •••• - ... .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
84-
RAILROAD AND MISOELLANEOUS
STOOKS.
1886-C:ontlnned.
JANUARY FEBR'RY.
----
MARCH.
.APRIL.
MAY.
JUNE.
JULY
---
AUGUST. SEPT'BER. OCTOBER. N0V'BER.
DEC'BER.
- - -- - - ---- - - - - - - - - - - - - - - - - - - - - - ---- - - - 63 - 65
66 - 67
... - . ... 75 - 80 78 -101
D ubuque & 8. City ....... 60.¼- 62
60¼- 61!4 61½- 6S 63 - 70!4 69 - 71 70¾- 70¾ 70 - 70
13¾- 187,i
E .Ten. V .&Ga .Ry., new .... - .... .... - .... .... - .... .... - .... .... - .... .... - ... . ... - .... ... - .... 12!4- 1~ 11 - 1$% 13¼- 15
l11t pref..... .............. .... - .... .... - .... .... - .... ... - .... .... .... - .... ..... - .... .... - ... 67 - 74¼ 71½- 75¾ 73 - 78 71 - 83¾
~dpref ....... .... . ....... .... - .... .... - .... .... - .... .. .. - .... . ... - .... .... - ... .... - .... ... . - .... 28 - 80¾ 28 - 81
SO¼- 34½ 24 - 85¾
1 - 1¾
E astTenn. Va. & Ga .... 3¼- 6½ 8 - 4!4 2¾- S½ 1¼- 8
¾ .... - .... .... - .... .... - ....
½%- 1½
¾- 1!4
¾- %
5 - 6¾ S¼- ~ 2 - 8½ 2½- 8
Pref. . .. .... ..... .. ........ 6 - 11½ 6¼- 8
2¾- 3¾ .... - ... .... - .... .... - ..... .. - .... .... - ....
Com, asses. paid . ... ... .... - . ... .... - .... .. .. - ....
- .... .... - .... 4¾- 6% 5¼- 6!4 5¾- 6¾ 5%- 6¾ . ... - .... .... - .... .... - ....
Pref, assess. paid ...... ... - ... .... - .... .... - .... ... - .... .... - .... 11!1!- 14'.U 13 - 14¼ 18¾- 15¾ 14½- 15 . .. . - ... . . ... - .... .... - ....
20
16
21
20
....
20
- 20¼
E lizabetht.Lex. & B. S•
- .... , ... - .... 18 - 18 18 - 19¾ 22 - 22 22 - 22 19 - 19 20¾- 24 15 - 20
STOOKS.
Low.High Lo"'.Hlgh Low.High Low.High Low.High Low .High Low.High Low.High Low.High Low.High Low.High Low.High
79 - 88
80 - 86
86½- 88
86 - 89¾ 88 - 90
80!4- 88!4 88¾- 88
89½- 01¾ 86 - 90
E vansville & T. Haute 67½- 70 68½- 80 78 - 81
20 - 22¼ 15½- 20
20 - 20
22¾- 25½ 20½- 25
F ort Worth & Denver. 19¾- 25 22 - 25¾ 20 - 23¼ 19 - 19 15 - 21
19 - 23½ 19¾- 28
8
9
B½- 12¾ 10 -18¾ 10 - 12¾ 1l - 12
10 - 12¾ 11 - 13½ 12 - 13½ 10%- 12½ 11 - 12¼ · 10½- 14¾
G reen Bay Win.& St.P. 8 - 10
.... 230 -235 222½-225 220 -220 220 -225
H n.rlem ........... . .......... 215 -215 217 -217 218~-220 213!4-215 2H -220 24.0 -240 285 -240 ....
297,i82
25
3_
1
32
26
- 28
26 - 86
81 - 86¾ 84 - 40½ 88¾- 44¼
H ouston & Texas Cent.
- 86
84½- 84½ 84 - 37½ 34 - 86½ 83¼- 87
I lllnois Central. .......... 188¾-141 x38¾-143½ 188 -142¾ 137!,,f-140!4 136 -138½ 137¾-140!4 186 -140 134 -189 135 -136¾ 183¼-186 132½-135 130 -134
m, - 99½ 97 - 99
94¼- 96¼
Leased line, 4 p. c ..... OS - 97¾ 97½-100½ 99½-100 1)9 -100
95 - 97¼ 95 - 96½ 94¾- 98
96¾- 98¼ 95 - 07
I nd, Bloom. & \,"\'est .... 23!4 -28¼ 25¾- 28¾ 21!4- ~ 21¾- 2!1-¾ 20 - 24¼ 20 -2~ 12 - 20½ 11'.1½- 18¾ 15½- 20% 16 - 22 16¼- 207, 15¾- 20¾
.... - ....
... .... .... .... .. . 150¼-150¾ . .... - ..... - ... . ... - .... 150 -150
J oliet & Ohicaa-o ... ...... .... - .... .... - . ... ....
.... 7 7 7 7 5½- 5½
K eokuk & Des Moines. ...
u 10 - 15 11 - 16
- ... . .... .... 8
8¾ B½- 8½ .... - . ... 6
Pref.... .. ..... .......... . . . ... - .... ... - . ... ....
26 - 26 .
- .... .... .... . ... .... .... . .. . ... - ....
so _ 88½ 88 - 88
11 - 11
B¼- 12½ 11 - 13¾ 13 - 14½ 15 - 15
8¾- 12¾ 11 - 13¼ 10¼- 12¾ 11½- 13¼ 7!4- 12
L ake Erie & Western ... 12 - 18¾ 12 - 16
Assessment paid ... ... ....
.... ... . .... - .... .... .... ... - .... .... .... .... - .... . ... - .. . . ... ... . 18¾- 22¾ 14¼- 21½ 15¼- 20½
L al,e Shore ..... ... ........ 82¾- 89¾ 85¾- 00¼ 79!4- 88¾ 78½- 8$¾ 76¼- 82½ 81¾- 86¾ 83¾- 88¾ 83¼- 89¾ 84¾- 9371, 89¾- 95½ 05¾-100¾ 90.¾;-100¾
92,i- 97¾
93 - 96½ 92½- 95
I ,onir Island ............ . .. 80 - 8.1¾ 84 - 92 88!4- 94½ 89¼- 98 89 - 91!4 91 -100 94½- 98
92½- 98½ 95 - 98
L ouisville & Nashville. 86!!:(- 45% 89¾- 42¾ 88!4- 48½ 84 - 40!4 8$¾- 88¾ 86!4- 4$¾ 40¾- 45¾ 42¾- 47½ 43!4- 51½ 49¾- 58¾ i6¼- 64¾ ·53 - 69
82 - 88
L ouisv.New Alb.&Ohic, 85½- 88½ 36 - 41
88½- 89¾ 38 - 89 377,i- 4.5 44½- 56½ 50 - 56¾ 53¼- 59 55 - 70 El5 - 70½ 60¼- 71
M anbattan Consol. ..... t20 -126¾ 124¾-127½ 125 -129½ 126 -129 125½-1277,i 127 -129¾ *123½-27½ 124 -140!4 137¼-144 141¼-175 163 -172 153¾-165¼
13¼- 15½
17½- 19
13¼- 16_
lU anbnttan Beach Co ... 17¼- 20!4 17 - 19¾ 18 - 21!4 17½- 19
15 - 16½ 14 - 16¾ H½-15
17¼- 20¾ 15 - 19
29 - so
86 - 40
48 - 69½ 44½- 60
1llemphi11 & Charleston. so - 88¼ 35 - 87:1:! 83 - 37½ 21 - 32
82 - 40
85 - 40
88½- 48½ 40 - 44
M icbigan Central . .. .. ... 68 - 76¾ 73 - 763/,, 64¾- ?5
95 - 98¼ 88 - l:JS¾
62½- 69¾ 61¼- 69!4 69¾- 75¼ 78 - 80¾ 76½- 88
80 - 91¼ 89 - 96
27 - 30
83 - 40
1llilw. Lake Sh.& W . . .. 22 - 22
40 - 54
48½- 67
64 - 67
58 - 63)4 68 - 71¼
65 - 71½ 67 - 70
58 - 66
62 - 65
Pref ············· ······ ····· 50¾- 53➔,{ 52!4- 63
86 - 93½ 87 - 94
60¼- 68
68 - 82
74¾- 98
90 - 95
90 - 04¾ 89¼- 96¼ 93¼- 103
89¾- 93
.... . ... - .... .... ... .... - ·•· · .... - .... ... - ... . ... . - . . .... - .... 40¼- 41¾ 40 - 42}.!
Mihvaukee & North'n . . .... - . ... .... - .... ....
M inneapolis & St. L ... . 18 - 22!4 19 - 20¼ 16)4- 20!4 17½- 22½ 17¾- 20¼ 20)4- 23 20 - 22
19¼- 21¼ 20 - 22¼ 20¼ -22¾ 21¾- 23% 17½- 22%
Pret. ........... .......... . . 45)4- 51½ 47 - 50¼ 40½- 49¾ 42J.11- 49¼ 41 - 46½ 44½- 49¾ 44¼- 48¼ 41½- 47½ 43¼- 47
45 - 48¼ 47 - 52¼ 40 - 61¼
M lssouri Kan. & Texas 27!¾1- 82¾ 28'¼- 82!4 25¾- 29¾ 28¼- 29¼ 21 - 28¼ 26½- 82
80¾- 87¼ 85¼- Si¾ 85½- 88¼ 28 - 38
29¾- 82¾ 29!4- 83
M issouri Pacific .... . ..... 107;,ti-114¾ 109¼-118¼ xl00¾-111 102,t-107 102½-109 x106-112 106½-111¾ 107¾-112!)-.i l09¼-113 111 -119 115¼-118½ x03¾-116¼
14 - 16¼ 14¼-14½ 12 - 13 ¾ 11 - 13½ 13¼- 16¾ 14 - 16
19 - 21¾ 14 - 10¾
M obile & Ohio .... ........ 15¼· 17
16¼- 16¼ 15 - Hl¾ 16½- 19
M orris & Essex ........... 182¼-185 184 -188 186,½-139¼ 188¼-142 .... - . .. . 143½-144 141¼-143½ 140 -142 140½-142 140¼-141¾ 141 -142½ 138 -142½
47 - 48),9, 46 - 49
67½-105¼
N ashv. Chatt, & S t. L ... 46 - 50
59½- 66¼ 64 - 69¼ 63¾- 73
72¼- 94
48 - 57¼ 55 - 60
43!4- 47½ 48¼'- ,:3
N . Y. Cent. & llud, Riv. !02¼-107 105 -107½ x99¾-107 100½-103¾ 98¾-102"'~ 102 -108 105 -111 107%-111¾ 108¼-114¾ 110¾-114 11231)-115¼ 108½-ll'i¾
12 - 16¼
N . Y. Ohicaa-o & St. L ... 8 - 10
8¼- 9,½ 4½- B¼ 5½- 77,i 5¾- 8
"8¼- 17¾ 14¾- 16
7 - O¼ B½- 9¾ 8!4- 10¼ 8¾- 10
Pref ...................... .. 17 - 23
18 - 21¾ 12½- 18¾ 12 - 16
- 18
26¾- 29¾ 23½- 81
16 - 23
18½- 22¾ 21 - 22¼ 21¾- 81
20¼- 22
.
Y.Lack.&
West
.....
-104
102
103_¼-106¾
104¾-107¼
N
100½-102
104¼-107 105 -106½ ·105 -107 105¾-109 106 -107¾ 106 -lOi¾ 105!4-107 103¾-106%
N . Y . Lake E 1·ie & West. 23 - 2i¾ 24¾- 28¾ 23¾- 28¾ 23¾- 26¾ 22½- 26¼ 26¼- 29¾ 28½- 83¾ SO¾- 34¾ 81¼ 37½ 84¾- 86¼ 35¾- 88¾ 81¾- 88¾
Pret ... ..... .. ......... .. 50½- 58 51¾- 68¾ 57 - 64
5-! - 61¼ 52¼- 60
59¾- 65
72½- 78½ 73¼- 81½ 75 - 78¼ 7d - 79~ 'iO - 78¼
62¾- 78
N . Y. &New '. Englan d ... 86¼- 43:X, 36 - 41½ SO½- 877A! 88¼- 87¼ 83 - 38¼ 37¼- 41¾ 40 - 47½ SO¾- 47
44¾- 57¾ 54 - 68¾ 59%- 66¼ 44 - 66
N . Y.N.Haven&Hartt. 204!4-208 206 -2!0 210 -211 209 -210 208 -210½ 205½-210 205½-206¼ 208 -210 209 -212 210)4-210}4 216 -228 220 -220
•
Y.
Ontario
&
West
...
N
18½- 2i.½ 18¾- 19% 1?½- 20¾ 16 - 18½ 15 - 17¾ 16¼- 19¾ 18%- 20
19 - 20!4 19 - 22¼ 19¼- 22¼ 19¼- 22¼ 17½- 2~¾
N . Y. Snsq. & \Vest .....
6!}.!- 77,jj 7¾- 11
9½- 12½
6¾- B½ 6 - 8½ 6!4- 8¾ 6½- 77/4 5• - 7¾ 6¾- 7¼ U}4- 7¼ 6½- 8¼ 6¾- 8
Pret ........ ................ 17¼- 22¼ 18¾- 2i 20¾- 28¾ 19 - 28
26½- 33½
17½- 22½, 20 - 22ll8 18¾- 20½ 19 - 22¾ 20¼- 24½ 21!4- 24¼ 23 - 28
N orfolk & W este1•n .. .... 8¾- 11~ 8¾- 10¼ 8 - 10¾ p - 10¼ 10¾- 12½ 11½- 12¾ 127_/4- 18¾ 14½- 18¾ 15½- 17½ 16¼- 18½ 18 - 23½ 18¾- 27¾
P1.-ef .... ........ . ..... ...... 25 - SO¼ 27 - 29½ 25½- 29¾ 27½- llO¾ 26½- 38¾ 32 - 8?
46¾- 54,½ 42 - 51,¾
42¾- 46¼ 44 - 48
41¾- 47
37 - 45
N orthern Pacific ... . ..... 25¾- 29
26¾- 28
23½- 27
23½- 26¼ 22 - 26
25¼- 28¼ 26½- 29¾ 26½- 287,1! 27¾- 29¼ 28¾- 20¾ 28¾- 29~~ 26 - 31¾
Pref........................ 56}(- 61¾ 57¼- 61¼ 53½- 60
58 - 66¼
54¼- 53¾ 58¾- 57% 55¼- 61¾ 58½- 62¼ 57¾- 62¼ 58 - d2% 61 - 64~.! 62½- 65
0 hio Central. .......... . ... 1!4- 1¾ l½- 2
.... .. .. - .... .... - ....
1¼- 1½ 1 - 1½
1¾- 2
½- 1¾ .... - ... . .... - . .. . .... - ... . ....
0 bio & Mississippi ....... 21 - 25½ 22 - 25¾ 22 - 26½ 21¼- 24¾ 19¾ - 22¾ 21¾- 24½ 21¼- 25½ 28¾- 2:i¼ 23¼- 29¾ 26¾- 30¼ 28~- 85¾ 25 - 34½
P1•ef ............ . .... ....... .... - . ... · ••· - .... . ... - .... ...
... . 79 - 79 ... . .... .. .. ... . - .. .. . .. - . .. . 80 - 80 bl - 91 91 - 91
0 hio S outhern ............ 15¼- 19
16 - 18¾ 18½- 17¼ 14¾- 1'7J.t? 14¼- 16
15 - 16½ 15 - lo½ 14:U- 17
16 - 17½ 15¾- 19½ 19¾- 22¼ 16 - 21½
0 rea-on Sho1·t Line .. . .... 21¼- 25½ .... - ... 22 - 26
32 - 84.¼ 25 - 85!4
22 - 22
82 - 88
19¾- 22
22¼- 28¾ so - 83¼ 31¼- 83
SO½- 88
0 reg-on & T1·anscontin'l 27¾- 84¾ SO½- 83¾ 25 - 32½ 26%- 31
84~- 37¾ 29½- 88
26 - 81½ SO¼- 85¾ 82½- 84¾ 29¼- 34.½ 80%- 85¾ 32¾- 35
p eoi-ia Dec. & Evansv . . 18½- 22½ 20¾- 22½ 16 - 22~ 20½- 25
l{J½- 23¾ 22½ - 24¼ 21 - 26½ 25¾- 80¼ 28¼- 82¼ 29 - 31% 31¾- 84¾ 26½- 34¼
p bi la. & Rendina-.... . . . . 19½- 22¾ 18½- 27
20¼- 2<1¼ 22 - 26¾ 28¾- ~6¾ 24¾- 27¼ 24¾- 38
20!4- 26
33¼- 38¼ 35¼- 537,il 80 - 50¾
23 - 81
p itts. Ft. W.&O., guar. 141 -145½ 147½-148 148 -150 146 -150 145 -145 146 -148½ 144 -146¾ L4'i¾-149 149 -149 145½-147½ 1~8½-147 144,(-148
Special. ... .. .. . ........... 132½-184 ....
.... 140 -140 .... . .... - ... ... - .. .. .... - . ... .... •·· ... - .... . ... .... .... ·•• · .... - ....
R eus. & Sa1·atoga ........ 155 -lo3 162 -168 161 - 163 L61 -168 165 -165 160 -165 16-;", -170 165 -165 162 -163 L60 -161
... - .... 169 -170
It ichm. & Allegheny .... 6 - 6
9 - 15!4 10 - 12½
7¾- 7¾ 5 - 5
4½- 4½ 2 - 4
7 - 9½ 8 - ll½ 8¾- 0
6½- 9¾ 8½- 10¼
ichmond
& Danville .. 77 - 82½ 76 - 77½ 75 - 80
R
77½-106 101½-118 118 -149½ 140 -150 134 -143 140 -145 140 -155 152 -200 155 -186
R ichmond & West Pt ... 82½- 87¼ 84½- 88 so - 86 27½- 84½ 27¾- 31½ 28 - 33¾ 81¼- 32¾ 27½- 31¼ 27¼- 82¾ 28 - 40 39!4- 77¾ 30 - 72¼
R ochester & Pittsburg. 8¾- 4½ 8¼- 5
- . .. . 8½- 4
4
.... 5 - 5 4¼- 4.½ 4½- 4¾ 4~- 5 5¼- 7½ 8¾- 4
5
90 - 96
R omeWat. & Orcdensb. 25 - 81
29 - so
80½- 96
51 - 60¾ 64¼- 75
80 - 55
77 - 81
25 - 81
i5 - 78x 65½- 74½ 72 - 81
s t . .Jo. & Gd. Island .... .. . - ... . .... - . ... . ... .... . ... - .... .... - . ... . ... . ... .... ... . .... - ... .. . . .. . 36 - 87 8.:J - 38 25 - 25
s t. Louis Alton & T. H. 38¾- 44 40 - 46 89 - 44½ 36 - 41¾ 34 - 85¼ 27 - 83 82½- 83 30 - 85 30 - 38½ 86½- 89¼ 36 - 41 81 - 87½
Pref ....................... 86 - 90
01 - 95
.... 80 - 83 . ... - . .. . .... - .. . 82 - 85 85 - 85 82½- 83 83 - 83
92 - 94½ ....
94 - 94
s t. Louis&S. F1·ancisco. 20 - 2~ 21½- 28½ 18 - 21½ 18½- 20 17 - 28¼ 20½- 2o¾ 23½- 26½ 25½- 80¼ 28¾- 38¾ 81J,ii- 851,,i 33½- 31\¾ 26 - 85
Pref ....................... 42¾- 48¾ 45 - 46¾ 42 - 45
88¾- 44¼ 87½- 46¼ 43}4- 51¾ 48¼- 53}( 53¼- 60¼ 58!4- 6eu 63¾- 70¼ !l8¼- 72¾ 59 - 70¾
1st pref . ...... . : ........ .. 97¾-104 l00~-105
97 -109 107 -113 xtl 0-114¾ LOS -113¾ l 12¼-115;.( 112 - 118¼ 116 -118½ ll2 -117¼
07¾-103½ 101 -103
s t. Paul & Duluth ...... . 37 - 42½ 39 - 42¼ 40¾- 56¼ 51½- 67 51 - 66¼ 56 - 63¾ 53 - 59 46 -5;;
55 - 61:}j; C2)4- 60½ 54 - 63¾
51 - 50
Pref.... ...... .............. 99¾-104¼ 102 -10~ 105¼-lll½ 109 -112½ 109½-112½ 109 -114 :t08 -109¾ L07½-109 107½-110 109!4-112 101}¾-1121i 106 -112
s t. Paul Minn, &Man .. 106¾-115¾ 114 -118¼ 112½-118¾ xll:& 117½ U0¾-115 115 -117 113 -116 L12 -116¼ 113½-119 117 -124¼ 117 -120 113 -118¼
s cioto Valley .............. 9 - 9½
.... 9½- 10¾ .... . ... . ... .... .... . ... .... - ·• • · .. - . ... . ... .... .... - . .. . 6½- 16 14½- 17
s outb Carolina .... ..... .. 15¾- 16 14 - 15 .... - ... .. 12¼- 14 18 - 18 10½- 12½ 11½- 18 11½- 18 11¾- 13¾ 12¾- 15~ 18½- 24 15 - 1;½
s outhe1·11 Pacific Co ..... ·• · - .... ... .... SO~- 88¼ 88¾- 41½ 88½- 40¾ 87½- 40¾ 37½- 39½ 37 - 39 86¾- 40¾ 86¾- 40¼ 86}4'- 88 86 - 89½
T exas & Pacific .. ......... 10¾- 14¾ 12¼- 18½ 11 - 13
7!4- 12!4 7¾- 10~ 10 - 12¾ B½- 14¼ li¾- 17¼ 14 - 18 16 - 22¾ 19¼- 25 21½- 25
Trust receipts .... . .. ... .... - ·•• · .... - .. .. ... - .... . ... - .. ....
. .. .... - ... .
- .... .... - . ... . ... - ·•• - 17¾- 28% 21 - 28¾ 19 · 27¾
T ol. & Ohio Central.. .. .... - .... ...
.... .... .... .... .... ...
.... .. .. . .. . ·- .... .... . .. . . ... - . ... 26 - 88 30 - 37 88½- 88½
Pref ................ .. ..... ....
.... .... - ·••· .... .... .... - .... .... . ... . ... - .... 46¾- t6¼ 51 - 62¾ 56¾- 63½
.... .. .. .. ... . - . ...
unlon Pacific ......... .... 48 - 56¾ 47¾- 54!4 44¾- 51~ 48 - 52 47¾- 52¾
549:£- 62)9 58½- 63~ 5 ¼- 66% 57){- 68~
51½- 58¾ 54!,:(- 57¾ 52¾- 59
u tica & Black River ... .... .... ... ... . ....
.. . ... - ... .... - .... 121 -h5 120¼-124½ 12CJ!4-121 117½-121½ 120 -120 120 -121 .... - ....
utab Cenn•al. ....... ..... .. .. .... .... .... .... .... .... .... .... . .. . - .... .... - .... .... .... 11 - 11 15¼- 18 .... - .... .... - . ...
V ira-lnilL Midland ........ 22 - 22
... .... 15 - 16 21 - 80 .... .... 22 - 27 28 - 29~ 28 - 28 so - 30 27 - 27 80½- 51½ 89 - 46
St.
Louis
&
Pac
.. 9¾- 12¾ 9¾- 11
w ab.
.... .... .... .... - ....
9 - 11½ 7 - 10¼ 6 - 7¾ 7 - 10¼ 9 - 9 ....
.. U• - 18 · • •·
Pref . ................... . 17¼- 22¾ 18¼- 20¾ 17½- 21
... . .... - .... .... - ....
15!4- 19
14 - 18
15 - 17
19¾- 19¾ .... - .... 27 - 27 ... .
J>ur. Com, Rec'pts . .... ...
.... .... ... ·•· · . ... - .... 12 - 15¾ 14 - 20¼ 17¼- 19 17½- 20¾ 18¾- 21¼ 19 - 21¾ 19 - 21¾ 16%- 24%
Pref ..... ... . .... ... ... .. . .... - .... ....
... . .... . ... - . .. 28¾- 26 24¾- 82 20 - 81¾ 80¾- 85 83 - 88¾ 84½- 88½ 84¼- 38¾ 80¾- 41%
TELEGRAPH.
me1·ican
District
.....
..
A
..... 89 - 41 .... - .... .... - ....
85 - 85
80 - 80
so - 85 85 - 40 89 - 4.4 89 - 40 42 - 45 41½· 41½
JI ankers' & Merchants' 2¾- 8½ 8
8
.... .... .... . ... - .... .... ....
2¾- 2¾ 2¼- 2¼ 2¼: s
2¾- 2¾ 3¼- 3!4 ....
0 ommercial Tel,, pret .. .... ....
. ..
.... ... .... - ....
.... 105 -105 103}4-108¼ 108¼-108¾ .... ....
.... .... - .. .
M exican .. .. ............... .
.... - .. .. .... .... 122½-122½
... .
115 -115 115 -115 110 -115 110 -115 115 -115 .... - ... . .. .
w este1·n Union . . .... .. 68¾-75¼ 7()%- 75 x627,i- 73½ 62¼- 67¾ 60~- 68¼ 60¼- 66¾ 64¼- 70 68¾- 677/4 i5¼- 74¾ 'i2¾- 79¾ 77¾- 80½ 67½- 79¾
(
EXPRESl!!S.
d.amit ... ...... ........ ...... l.44 -149½ L45 -mo 145 -148 1453,(-143 148 -148 141 -144 142 -J43~l 138 - 144 140 -142½ 14H2-143¼ 140¼-144 131\½-140
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
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R.AILRO.AD kND
MiSOELLANEOUS STOOKS.
--- =========================================
===========================:::;:
1886-CJoncluded.
JANUARY FEBR'RY.
MARCH.
APRIL.
MAY.
JUNE .
---- ---- - - - ---- ----1----1
STOCKS.
JULY.
AUGUST .
SEPT'BER. OCTOBER. NOV'BER. DEC'BER.
- - - - - - - - - - -· Low.High Low.High Low.High !'ow.High Low.High Low. High Low.High Low .High L ow.H igh Low.High Low.High Low.High
American ... . . .. .. .. .. . . ... . 101½-104 102 -106 104¾-106¼ 105 -106½ 108¼-108¾ lOB -110
United State9... .. .. .. .. .. . 62¼- 65 62½- 66
68 - 66
lj8 - 65
51 - 68
60 - 66
Wells, Fariio & Co ... .. . 119½-122½ 122 -125½ 119 -124 120 -125 120½-126 125½-180
107 -109 108 -111 105¼-108½ 105 - 107½ 106 -109½ 106 -110
68½- 65½ 62 - 65
58½- 64!1.( 58 - 61½ 60¼- 64½ 61 - 65
122¼-130 126 - 128¾ 126 -128 125 - 128¼ 127½-180 129 -130
COAL & MINING.
Cameron Coal. .. ... .. .
Colorado Coal & Iron
Consolidation Coal.... ..
Home8take 1'Uninii . . . ...
Maryland Coal.. .. .. . .....
New Ventral Coal.. ......
Ontario Silver Minin&r ..
Pennsvlvania. Con.I. .. ....
Quick s ilver Minin&r. . .. .
Pi·et .. .. .. . . .. .. .. ... . . . . ..
Tennessee Con.I & 11-on
17½28~.... 22 11½11 29 ... . 5¼23 42½-
9
22
20
22
-
16¼
25½
20
23
12¾28¼28 20 -
15¼
25¼
31½
22
•··· - •··· 11¼- 16½
10½- 13
11¼- 15¼
·· · •
• •• • · · · · - • •·
261 -261 · ·· · - · · · ·
7¼- 8
7 - 7
2-i - 25½ 21 - 23¾
· •• • - •• • • •• • - • •••
VARIOUS.
Canton {Jo .. .. . .. .. .. . . .. . . . 53 - 60
Consolidated Gas ........ 98½-lOa
Del. & Hudson Canal.. . 87¼- IJ7~
.Joliet Steel Co .... .. ...... · · - · · · ·
!(. 1'. &TexnsLa.nd .... . •··· - •· ··
Orearon lmprovem't Co . 25¼- 29½
OrearonR'y&Nav.Co ... 99 -108¼
18¾28¼28 17 11 10 -
17½
27½
23
18½
12
13½
14)4- 16¾ 15
21¾- 25% 21
23 - 23
19
1&½- 19
20
9%- 10
10
11 - 11¼ 9
• ••· - •·· • 20 - 29
29
• • • • - • • • • .... - .. . .... .
6½- 6¼ .... - ... . .. ..
22 - 22¼ . 21 - 22
20
38 - 50
41 -46¼ 89
-
20
24½
20
20½
11
11
20
....
17 - 21
28 - 25)4
.. .. - . ...
2ll¼- 22
11 - 13½
11 - 14
29 - SO
260 -262
- .... 4½- 5
- 20½ 21 - 24½
- 42
40 - 48
19)4 15½29
25¾.... ... 22
19 15¼ ... . 11
11¼29¼ 27¾. .... . .. 8
5¾29
22½50¼ 51 -
18¾ 16¼- 19¼
SO¾ 28 - 29¾
.... - ....
20½ 19 - 19
. ... 10 - 15
11¼ 10¼- 14
20
25 - 26¼
. .... ... - . ...
6½ 5¾- 7
26
22 - 27
56
54 - 70
15 28 25 17½14 13 25 ... . -
19
18¾- 27% 25 - 48¾
84½ SS¼- 40¾ SS½- 41¼
27
27¾- 29
28 - :l8
20
1i - 18
11 - 16
18% 17 - 20
17¾- 17¾
16
16 - 20)4 14
18¼
26
24½- 25
22 - 23½
........ - ....... . - . . . .
6½- 6½ 6½- 7½ 6 - O
23 - 25
23¼- 24¾ 24½- 28¾
64 - 74¼ 74 -104 *.ll7½-118
59½- 60
59½- 50¾ .... - . . . . ~¼- 61
61 _ 65 .... _ ........ _ ........ _ . . .. 60 _ 60
64 _ 6i
102¼-lll 106¾·110½ 98 -110¾ 75½- 95 x74%- 81% 78½- 84½ 79 - 88
7';'¾- 80¾ 78 - 83½ x78¾- 87¾
il0¾-108½ 98¼-106~ 96¾-102½ 93¾- 99¼ 96)4-101½ 96½-100¾ 97 -101
98¾-108)4 103 -1 08 x104¼ 108
· · · · - · .. · · · · · •• •• - ....... . - ........ - ........ - . . ... ... - . .. . . ... - ........ - . .. 105 - 130¾
... . - .. • •·· · - .... 155 -180 .. .. - ...... .. - ... . ... - .. .. .... - . ....... - . ..... . - .... 149.½i-178½
21½- 30
23½- 81½ 20½- 23¾ 18 - 20¾ 16 - 28½ 18 - 20¼ 20 - 28¼ 22 - 80½ 28¼- 30½ 30 - 48¾
100%-104¾ xll3¼-104 95 - 101% 93 -101
93¾-100¼ 107 -109¾ 101¾-1011)4104 -109¼ 103¼-107¾ 105½- 109¼
4
1
.¼= ~~-=
=
~. .~
=
-~·l·¾=
1~:=1~~
Pullman Palace Car ... . 182¾-185½ 133 - 1877~ 120 -134 131 -135 128 -188 182½-137 135¾-187½ 132¼-137½ 133 -146½ 148 -14~ 141~-145
::~::~ ~~~:~~t~G~·~:~: · -~.
~ ~~~ ~~ ~~~
~~~ .~~ ~~
~~~
-~~= ~~~ -~¾= ~~..-~~= ~~--11~~~=1~~
. ... - .. ..
76 - 82
98¾-106¾
123 -181
...• - .. . .
37 - 51
x98 -107¼
l~~=J!
135½-148¼
----
• Ex-rights.
188?'.
1~.ANUARY FEBR' RY.
STOCKS.
MARCH. _ ~PRIL.
MAY.
JUNE.
_ JULY
.AUGUST. SEPT'BER. OCTOBER. NOV'B ER. _!)EO'BER.
Low.High Low. High Low.High Low.High L ow. High Low.High Low.High Low.Hil!'h Low ••:Hi~h Low.High Low.High Low.High
!!AJLROAD.
Albany &Susquehanna. 134 -134 .... - •• . 140½-140½ 145 - 145 149%-151 150¼-150¼ 151 -151 lEO -150 .. . . - . •. . ... - •....... . 141 - 141
A tchi s on Top. & S. Fe .. 96¾- 98½ 96¾- 9~¾ 97½-106¾ 105½-109¾110!l½- 116¾ 112 -118¾ 110¾-lll½ 102 -107¼ 101 -106¾ x9Q¾-103¼ 91¼- 1)4¼ 92¾- 94¾
Atlantic & Pacific. ... . . . 11 - 12½ 10¾- 12¾ 11¾- 13¾ 12½- 14¾ 13},:;- 15
18 - 15¾ ll¾- 14
10 - 12½ 9¾- 12~ 9½- 11
9¾- 11½ 10 - 11
Jleech Creek ........ . .. . . .. ... - ........ - .. .. . . - .... ... - . . .. 40 - 40 .... - . . .. . .. - . . . .
- .. ...... - . . .. . . . - .......• - ... . . ... - ••.•
P1·ef. . . . . . . . . . . . . . . . . . . . . . . . . . . . - . . . .
.. . . . - . . . . 75 - 87 . . . . - • • •
- .. .. ... . - . ... .. . . - . . .. .... - . ..
. . - ..•.
Bost .& N.Y. Ail·-L., pd 101 -101¾ 101 -102 x99 -102 lOO -100½ l CO -101
99½-100½ 99 - lOo½ 98 -100
98½-101
09 - 99
97½- 90
97 - 98¼
Buff. Roch. & Pittsb .... 33¾- 35¼ 34 - 42½ 42 - 66
64 - 74¾ 69 - 72½ 65
iO¾ 59 - 68
5? - 60
53 - 59
45 - 50
50 - 55
50 - 51
Bur. C. Rap. & North... 50
50 ... - ... . 47 - 47
47 - 50¾ . . .. - ... . 5C¼- 1 0¼ 00 - 50 .... - . .... ... - . ...... . - . . . . ... - •.. . . . - ... .
Canadian P acific.
62¾- 68¾ 59¾- 63¾ 59¼- 62% 62 - 66
62½- 65¾ 59 - 62¾ 54¾- 61¼ 53¾- 57
49½- 50
50* 53¾ 53½- 55
58½- 62)4
Canada Southern....... 55 - 63½ 52¾- 60½ 56¾- ii2½ 59¾- 63
60½- 64¾ 56¾- 68½ 49 - 59½ 50 - 56
50½- 581~ 50¼- 55% 58¾- 60
t4!,,i- 5~
Ceda1· Fn.lls & Minn..... IR¼- 19 16 - 18 15 - 17 . ... - . . . . 15½- 15½ 14 - 15¾ ... . - . . . . . . ..
. . . . 11½- llx, E¾- 9
7¾- 10
6¼- 6¼
Central Iowa. ............ . 14 - 15½ 10 - 15¼ 10 - 11
11¼- 14
11½- 15
6¾ - 12
6½- 8
4 - 7 .. .. - .. ...... - ........ - . ... 6 - 6
Central of New .Jersey. 55¼- 68¾ 63½- 71½ 67 - 78
72½- 86¼ 79 - 82¾ 73¾- 84¾ 7l!¼- 80½ 69¾- 77¼ 6~- i S½ 6 ¾- 74¼ 72¼- 80
73¾- 76
Central Pacific ........... . 85¾- 48¼ 33 - 38½ 35¾- 40~ 39¾-- 43% 40 - 4l¾ 36½- 40½ 3:1¼- 38¾ S.;¼- 38~ 82 - 37¾ 28½· 83¾ SO¼- 34¾ 82 - 87½
Chesapeake & Ohio. . .
8¼- 9½ 8 - 9,½ 8 - 9
8 - 9¼ 7 - 9¾ 7 - 7½ f¾- 'i¼ 5%- 7
5 - 6½ 8¾- 5½ 2 - 4¼ 8½- 4
1st pre f. ....... .. ......... 15¾- 17
14¾- 16½ 14½- 15½ 14 - 15¼ 12¾- 14½ 10~- 13¼ 10 - 12
10 - 12
9 - 12
6 - · 1t
4 - 'i7,1i 6½- 8
2d pref.. ........ ... ....... 9½- 11½ 9½- 10¾ 9 - 10½ 9),!- 10¾ P - 10¼ .... - .... 7½- 8
6¾- 8½ 6 - 7¾ 5 - 7)4 8 - 6½ 4¾- 5¾
Chlca.(ro & Alton .. ........ 148 - 144 143 -145 144 -146½ 145 -147 145¼-155 148 -154¾ 150¼-152 148 - 152 140 -150 180 -142 183½-130 135 -136
Pref...... .. ......... ... .. . \55 -155 .... - . . . . . .. . - . .. . . . - . . . 162 -162 162 -164 161¼-161¼ 162 -162 162 -162 160 -160 155 -160 .... - •. ..
Chic. Burl. & Quincy ... 136¾-138½ 137 - 1-iO¾ 13'(7,j\-140 139%-147¼ 14611(-156 140 -148¾ 137½-145½ x 135-142 181 -138% 128%-185¼ 127½-185¾ 124¼-133½
Chic. & Eastern Ill . .... ... . - ..... .. - ... . .... - .... ... - .... .. . - .. ... .. .. - .... ..
- .. . . .. .. - ... . 109 - 100 110 -110 .• . - .•. ..•.. - . ..•
Chic. & Ind. Con.I. R'y . .... - ..... . .. - .. . ..... - .... 62 - 677/4 62 - 64½ 57¼- 60
53 - 51
41 - 45
38 - 47
40 - 40
40 - 40
43
45
Pref.. .. ... . . ............. .. . .. - .... ~ . . . - ........ - ... . 08 - 98 97 - 99¼ 08 - 99
~6 - E9
85 - 85¼ 85 - 88
87 - 87
90 - 93
90 - 90½
Chic. Mil. & S t. Pn.ul.. .. Si¾- 91
85¾- ll2% x89'7,11- 92% 90¾- 93¾ 00%- 95 86¾- 1?4¼ 79¼- f9¾ 78¾- 88% x78 - 85¾ 69¾- 7~ 71½- 78% 73¾- 7i½
Pref ............... .. .. ..... lli¼-118¼ 117½-121¾ xlS½-122¼ 120 -122 120 -127¼ 119 -125¾ 117 -123 117 -121 xl14½-20¾ 110 -116 111 -115},j 110½-113~
Chic. & No1·thwest ....... 111 -115 110 -116¼ 114¾-121¾ 119 -121¾ 120½-126½ x115-127¾ 109 -119¼ llQ¼-116½ no -116¾ 104¼'.-113¼ 106%-113¼ xOi¾-111}4
Pref. . .. ....... . .... .. . ..... 138¼-140¼ 139 -142 xl4.0 -149¾ 146 -151½ 149½-158 147½-153¼ 145 -1487,1i 142 -145% x140-146¾ 18~-142¾ 140 -144¾ 138¾-142
Chic. R. I. & Pacific ... .. 125 -126¾ 125¾-1 26¾ 124¾-127 125%-130 129 -140¼ l27J,..i-186x 127½-132 123 -129 116¾-128½ 109½ -1 21 109 -11~ llOJ,4-114½
Chic. St. Louis & Pitts . 16¾- 18¾. 16 - l 8J4 16¾- l ll¾ 18¼- 22
18¾- 20),~ 16 - 18½ 16 - 18
15 - 16½ 12¾- 15
13¾- 15¼ 14 - 15¾ 12:/l(- 1.1¾
Pref............ . . ... . . . . . . 35 - 4C½ 87 - 41
38 - 45¾ 44 - 52½ 49 - 52
40 - 49½ so - 47
36¼- 43½ 85 - 45
85 - 40¾ 80¾- 41½ 36
40
Chic. St. Paul M. & O ... 46¾- 51 ¾ 45¼- 50
48 - 51¾ 51¼- 53¾ 51¼- 54½ 48%- 54½ 44¾- 52½ 42½- 49~ 39¾- 17¾ 84 - 44¾ 87¼- 42¾ 86¾- 40¾
Pre1
. .......... ............ 108¼- 109% 106 -109¼ 108 -112:k, 111¾-11 3½ 112¼-117¾ x12½-118½ 10a -113 107 - 111¾ 104½-110 100 - 107 106 -110½ 105¼-110
1
Cin. Ham. & Dayton .... 130 -155 ...• - .... . ... - ... . 141 - 146¼ 146¼-1461,~ 147¼-147¼ 135 -142½ 40 -120
50 - 60
60 - 60
65 - 05
.. . - .•••
Ciu. Ind. St. L.& Chic. . 95 - 98½ 97¾-104
99 -101
87 - 93
87 - 89¾ 81 - 85¾ · 79 - 81¼ 66 - 80
73½ 80
66 - 79
71 - 75
73¾- ii¼
Cincin. Wash. & Bait. . 5¾- 7 · 5¼- 5~ 4¾- 6½ 5 - 6
5 - 5¾ 4¾- 5
4¾- 5
3½- 4
3
4½ 8 - 4
314- 4)4 3¼ 3¾
Pref .. . . ............. . . ...
8¼- JO¼
@FedFRASER