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. .. The Mutual Life Insurance Company, OF N E ~ YORK, RICHARD A. McCURDV, President. Statement for the Year Ending lJecember 3 1st, 1897, According to the Standard of the Insurance Department of the State of New Yor k. INGOME. Received for Premiums From all other Sources 42,693,201 99 11,469,406 24 g64, 162.608 23 DISBURSEMENTS. , rn,2 rn,6so -66. To Policy-holders for Claims by Death • To Policy-holders for Endowments, Dividends, etc. For all other Accounts 12,712,424 76 10, 13i,006 6 7 36. 124-,060 99 ASSETS. United States Bonds and other Securities First Lien Loans on Bond and Mortgage Loans on Stocks and Bonds Real Estate Cash in Banks and Trust Companies Accrued Interest, Net Deferred Premiums, etc. Reserve for Policies and other Liabilities Surplus • • . . Insurance and Annuities in force - ·Lt~~-- ~ t)EC 1· - ·o · QC,£ ---- 1~.) i>r!ner:it vr:~l: .··: ~ . f;\~: --~'QR~• · t'IHI~\ .,. •. · · _\ I have carefully examined the forearoinar Statement and find tli r awe to be con·ect; Department. ___________________ liubilitiel!f calculated by tbe Insurance CHARLES A. P RELLER, Auditor. From the Surplus a dividend will be apportioned as usual. Report of the Examining Committee Office of The Mutual Life Insurance Company of New York To THE HoNORABLB, THE BOARD OF TRUSTEES OF THE MUTUAL LIFE INSURANCE COMPANY OF NEW YORK THE UNDERSIGNED, A COMMITTEE APPOINTED BY YOUR HONORABLE BODY, ON THE TWENTY-SECOND DAY OF DECEMBER, EXAMINE THE ANNUAL STATEMENT OF THE COMPANY, AND TO VERIFY THE SAME 1 RESPECTFULLY 1897, TO REPORT That, pursuant to the power and authority therebv conferred, the Committee have at various dates between the date of the said reference and the date of this Report, attended at the office of tbe 1 ·ompany, and have been wai.ted 11n by rhe 'l'reasurer, tbe C:omptroller, the Auo1tor. and the c a~hi"r, together wtth the h~~ee:::rii':~s~n.it~g~'!~he~:;;e~irfi'1t~~~vif c:rroeJtlro~in~J~\~l~ tt!1~:t%'~th~~i:i;d Wet~~~~~n~~~gi~~~~~,~~~b: \':i~~:i!:~ i~ t~:~~~~o~~-i1! t~j~~~ ::~8w8hi~i; fg::a~~~!·c~~:a ~)~~i~:tti:~o~Js'i;~~ r1::l ~:o:~i:i~1~h~yst::iee ~g~ep~~:.d~ ~~: f:~ts:~~~nhc:r~a~: a'Tst\~\~~i:Je~bn;:~~~::t~gi~n~i f.g:16':iir;:r~oldings of real estate and h,,ve verified the deposits of money In the various banks and trust c,,mpanies, and nave counted the cash on 1.and held ~y A.Dd the Committee certify that all the books, papers, document!', and evidences of title of every description necessary m uch examination have been freely submlttea to the Committee by the said officers and their asststa1.1ts, and that the same are accurate, in good order and welJ kept. And the Committee t'urther certifv that the investments of the Company a~e of a. bigh •1rder, and that the svstem and method adopted bv tbe Com any in recor•Hng its transactions and caring for the assets are entitled to commendation. All of which is respectfully submitted. CHAS. R. HENDERSON, ELDRIOGE "'· GERRY, A. N. WATERHOUSE, NEW YORK, January 21, 1898. s. V .R. CRUGER, J. HOBART HERRICK, J MES C. HOLDEN. 0 0 th~ 10 11 THE AUDIT COMPANY OF NE W YORK , 1~0 BUOADW .\Y. ------ OFFICERS: THOMA.8 L. GREENE, :\fanap;er. STEPHEN LITTLE, Chief Consulting Audit'>r. EDWARD T. PERINE, ecretary and Treasurer. WILLIAM BARCLAY PARSON!-1, Consulting rongin-er HENRY B. SEA.MAN, Chief of Corps ot li:n1dneer;,. DIRECTORS: A. J. C.AS~ATT, Philadelphia. Penn'a.. MARCELLUS HARTLEY, Hartley & Graham, New York. CHARLES R. FLINT, Flint & Co.• New York. 1 iJl::f:! ~}.~M00~6~'~~~:!t~; {! 8Jn,r~fT~fc1~~\ New York. JAMES STILLMAN. Prest. National City Bank, New York. 0 1 WILLIAM A. NASH, Prest. Com Exchange Bank, New York. JOSEPH s. AUERBAOH, Davies, Stone & Auerbach, New York. G. G. HAVEN, Bank.er, New York. GEORGE w. YOUNG, Prest. i~i~~~ ·: ~:;. Ji~~sbury Park. JOHN I. WATERBURY Prest. Manhattan Trust Co•• New York. 8 M11rtgage & Trust Co., New York. ~~~~1f.•v~'. 1:i~~~ggf:11,f & 0 u. ADVISORY COMMITTEE OF STOCKHOLDERS: 1-lt~::i~ g~11Y:: ~:~~~!~:-nI~~Ullt Co., New York. A. D. JUILLIAHD, A. o. Julliard & Co., New York. a rl:n~i\f~ :·l :~on, Mass. ai~ttfsR~~fAc~cg,.1r~i~ lr!si~i&~s;-_ ~!~u~?l~~ Gu., TAV E. KISSEL, Kessler & Co., New York ISA.AC N. SELIGMAN, J. & w. Seligman & Co., New York. ROBERT M..AOLA y. Prest. Knickerbocker Trust Co .. N. Y. 0 0 HENRY w. POOR, Poor & Greenough, New York. LOUIS FITZGERALD, Prest. Mercantile Trust Co., New York. RIOHARD A. MCCURDY, ESQ., President, THE MUTUAL LIFE INSURANCE (,OMPANY OF NEW YORK, NEW YORK CITY, DEAR Sra:-Agreeably to your request we have made an audit of the accounts and an exa.mioation of the assets of the Mutual Life Insurance Company of New York, as of December :n, 1897. We certify that the aqsets as specified in the annual statement, amounting to two hunclred and fifty-three million. sevPn hundred and eigbty six thousand, four hundred and thirty-seven dollars an,t sixty-six cents ($253,78c!,t3, 66) were in possession of the Company on that date and bave been taken into t he accounts on a conservative basis of VHluatton. . We certify that we have made an 11udit of the receipts and disbursements of the Company for the year ending December 31, 1897, as contained in the bo ks of the Comp~ny, and find the same to be correct. The accounts and books are kept clearly and in an orderly manner, and the system of expenditures has efficient safeguards. 1'HE AUDIT COMP ANY OF NEW YORK, 5 Seal of the} THOM.AS L . GREENE, ManSl(er, t Company, Authorized by the Board of Directors Attest: E. T. PERINE, Secretary. AUGUST BELMONT. President. NEW YORK, January 25, 1898. BOARD OF TRl'STEJ::S: SA.lUJEL D. BABCOCK. RICHARD A. MCCURDY, JAMES C. HOLDEN, HERMANN C. VON POST, OLIVER HARRIM..A.N, ROBERT OLYPHANT, GEORGE F. BAKER, JAMES SPEYER. DUDLEY OLCOTT, FREDERIC CROMWELL, JULLEN T. DAVIES. S. V. R. CRUGER, CHARLES R. Hli:NDERSON, .f.UJ8:AiTP:~~Lbi'., WM. P. DIXON, ROBEl:f.T A. GKANNIS.3, HENRY H. ROGERS, JNO. W. AOCHINCLOSS, THEODOKE MORFORD, WILLIAM BABCOCK, STUYVESAN'l' FISH. AUGUSTUS D. JUILLIARD, CHARLES E. MILLER, WALTEH. R GILLETTE, ~E ~'"l,J;l!.l:tH'llWk. ADRlAN I ELI , JR., GEORU-E . BOWDOIN. WILLIAM C. WHITNEY, WILLIAM ROCKlt'F.LLltrn JAMES .N. J A.RVIE, CtlAS. D. DICKEY, JR. ELBRIDGE 'l.'. GEl:tRY. WILLIAM J. tr.WELL, A. N . W ATERHUUSE. . ROBERT A. CRANNISS, Vice·President. WALTER R. GILLETTE, General Manager. ISAAC F. LLOYD, 2d Vice-President. WILLIAM J. EASTON, Secretary. FREDERIC CROMWELL, Treasurer. CHARLES A. PRELLER. Auditor. JOHN A. FONDA, Assi•tant Treasurer. C. CLIFFORD GRETSINGEl:t. As~ista t Auditnr JAMES TIMPSON, 2d Assistant Treasurer. WILLIAM W. RICHARDS. Comptroller. WILLIAM P. SANDS, Cashier. HEN RY S. BROW 'I, Assist.ant Compt1oller. ~£f~ht~ii!t\li~~~1::i~r~1ii!r~1~~~~ry. EDWARD P. HOLDEN, Assistant Cashier. ~iHw~'itif'½:\Wf~· EMORY MoCLINTOOK, Actuary. JOHN TATLOCK, JR., Assistant Actuary. MEDICAL DIRECTORS: ELIAS J , MARSH, M. D. GRANVILLE M. WHITE. M. D. G. S. WINSTON, M. D., Consulting, https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 1¥/Jit?J,~~::Jl"stif;iii~~s. Spencer Trask & Co. Bankers, · 27 & 29 Pine Street, -State and James Streets, New York. ALBANY, N. Y. Bonds and Stocks Bought and Sold on Commission. DEALERS IN INVESTMENT SECURITIES. KOUNTZE BROTHERS, Ea::n..k.ers:, BROADWAY AND CEDAR STREET, NEW YORK. ·Deposits received subject to check, and interest allowed on daily Balances. Advances made to correspondents against available collaterals; also approved business paper discounted or received as security for loans. Government Bonds and other Securities Bought and Sold for the usual Commission. CQllpons and Dividends paid for Municipalities & Corporations. Telegraphic Transfers made to various places throughout the United States. Bills Drawn on Great Britain, Ireland and the Continent. Cable Transfers made to Europe. etters of Credit Issued for the use of Travelers, available in all parts of the World. L orrespondenoe invited from Bankers and otlMrs desiring to open accounts in ·N8w Yort as well as from those contemplatinq changes in existing arranqements. C https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis CANADIAN BANK OF COMMERCE. CAPITAL .AND SURPLUS, $7,000,000. ALEX. LAIRD AND WM. GRAY, AGENTS, 16 Exchange Place, New York. Buy and Sell Sterling Exchange, Cable Transfers, Etc. Issue Commercial and Travelers' Credits, Available in all Parts of the World. ROBERT D. FARLEE. J. S. FARLEE. J. S. FARLEE & BROTHER, No. 11 Wall Street, New York. BROKERS AND DEALERS IN INVESTMENT BONDS. STATE, MUNICIPAL AND APPROVED RAILR9AD BONDS On hand for Immediate Delivery, Suitable for Savings Banks, Trust Funds and other Conservative Investments. CORRESPONDENCE SOLICITED. BANKERS, 18 WALL STREET. Transact a General Banking Business, including the Purchase and Sale of Stocks and Bonds for Cash or on Margin. B U Y A N D S E LL INVESTMENT SECURITIES. H .J. MORSE. CHARLES D. MARVIN, W. M . KID.DER . KISSAM, \i\THITNEY & CO., BANKERS AND BROKERS, No. 17 BROAD STREET, NEW YORK. <MILLS BUILDING.> Interest Allowed on Deposit Accounts Subject to Draft at Sight. GOVERNMJI..NT, STATE, MUNICIPAL AND RA..£ROAD SECURITIES BOUGHT AND SOLD ON https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis COMMISSION FOR CASH OR UPON MARGIN. WlLLI.AM FAHNBSTOCK, Member of the New York Stock Exchange. ROBERT B. DODSON► FAHNESTOCK & CO., BANKE~S AND BROKERS, No. WALL STREET, NEW YORK. 2 Supply selected investment bonds, for caih or in exchange for marketable securitw. Execute commission orders for investors at the St-ock Exchange or in the open market. Furni8h inftJrmation respecting bonds. ARTHUR M. HUNTER. FRANK K. HUNTER. LEHMAN A. COOPEB HUNTER, COO PER & CO., MEMBERS NEW YORK STOCK EXCHANGE, BANKERS 51 AND BROKERS, EXCHANGE PLACE~ NE"'VV YORK. Stocks, Bonds, Crain, Provisions and Cotton bought and sold on commission. INVESTMENT SECURITIES. 1 'l~'7 BROADW A. Y, NEW YORK, 800 BROAD STREET, NEWARK, N. J. · BRANCH OFFICES: { 3~0 BULLITT BLDG., PHILADELPHIA. PA. 133~ F STREET, WASHINGTON, D. C. Private Wires to Chicago and Wasllington. Long Distance Telephone Connection. CABLE ADDRESS, "HUNTCOOP." AUGUSTUS FLOYD, No. 3 2 Pine Street, New York. DEALER IN NEW YORK STREET RAILWAY BONDS. SPECIAL TIES: Atlantic Mutual Insurance Co. Scrip. fSecond Avenue RR., iL42d Broadway & Seventh Avenue RR. System, Street Manhattanville & St. Nicholas Ave.RR. THE FINANCIAL REVIEVV ANNUAL-1898. A Year Book of Financial Information, Pages. $200 Bound in Cloth To Subscribers of' the 2 80 Chroni~le 1 50 -W-ILLIAM B. DANA COMPANY~ :PUBLISHERS~ PINE STREET, CORNER PEARL STREET, NEW YORK. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis JOHN H. DAVIS & CO., BANKERS, No. Astor Building, MEMBERS OF NEW YORK AND 10 Wall Street, New York. PHILADELPHIA STOCK EXCHANGES. Our BOND DEPARTMENT is organized and conducted with great care, and our BUREAU OF RAILWAY INFORMATION is unusually complete. We are thus enabled to give valuable aid to those seeking safe and profitable - INVESTMENTS - . -- - - -- - - - -- - - - - - - - - - - - -- - - -- - - - ~ - INVESTMENT BONDS A SPECIALTY. R _O LSTO N & BASS, STOCKS-BONDS AND MISCELLANEOUS SECURITIES. W. H. ROLSTON, llf.emher of the New York Stock Exchange. W. ALEX. BASS, JR. , Memher of the New York Stock Exchange. EDWIN S. HOOLEY. 16 Broad Street, New York. P. 0. Box 2,956. GEO. H. PRENTISS & CO., DEALERS IN LOCAL SECURI7 IES, No. 37 William Street, No. 208 · Montague NEW YORK. Street, BROOKLYN. MEMBERS OF NEW YORK STOCK EXC~ANGE. Orders on the New York Stock Exchange executed for Cash or on Margin. 6EORGE LEASK. JULIAN W. ROBBIN3. • DAVID D. DAVIS, Member N. Y. Stock Exch~ LEASK & C 0., Stock Brokers, 35 WALL STREET, NEW YORK. All Securities Current at the New York Stock Exchange Bought and Sold 6n Commission https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis GEORGE LEASK & CO., DEALERS IN COMMERCIAL PAPER. CHARLES HEAD & CO., BANKERS AND BROKERS, No. 17 Broad Street, N·ew York, <MILLS BUILDING.> No. 53 State Street, Boston; CONNECTED BY PRIVATE TELEGRAPH WIRE. STOCKS AND BONDS BOUGHT AND SOLD ON COMMISSION. BORG & C 0., SIMON No. 20 NASSAU STREET, NEW YORK, DEALERS IN ALL KINDS OF RAILROAD AND INVESTMENT SECURITIES. SOUTHERN SECURITIES A SPECIAL TY. H. CRUGER OA.KLE'Y, MAYNARD C. EYRE. JAM.ES WHITELY, THOMAS H. BOLMER, PRINCE & V\THITELY, BANKERS AND BROKERS, Nos. 44 and 46 Broadway, New York, AND 15 CEN?ER STREET, NEW HAVEN, CONN. All Classes of Railway Stocks, also Grain, Provisions and Cotton, Bought and Sold · on Commission. INVESTMENT SECURITIES SPECIALTY. A CHARLES T. V\TING & CO., DEALERS :!.N HIGH-GRADE RAILROAD FRANK E. WING, HENRY A. GLASSFORD. EDWARD T_ GIBBS, Speci al. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis AND CITY No. I BONDS. 8 Wall Street, NEW YORI{. MOORE & SCHLEY, BANKERS AND BROKERS. No. 80 BROADWAY, NEW YORK. Members of. the New York Stock Exchange. AUGU-ST BELMONT & CO., ,I • BANKERS, No. 23 NASSAU STREET. ISSUE TRAVELERS' CREDITS, AVAILABLE IN ALL PARTS OF THE WORLD, THROUGH Messrs. N. M. Rothschild & Sons, London, " de Rothschild Bros., Paris, " M. A. de Rothschild & Sons, Frankfort-on-Main, S. M. de Rothschild, Esq., Vienna, AND THEIR CORRESPONDENTS. DRAW BILLS OF EXCHA GE ON, AND MAKE CABLE TRANSFERS TO, ENGLAND, FRANCE D GERMANY. & Co., LA THAM, ALEXANDER BANKERS AND COTTON COMMISSION MERCHANTS, Nos. 16 & 18 WALL STREET, NEW YORK. CONDUCT A GENERAL BANKING BUSINESS. Accounts of Banks, Bankers, Merchants and Individuali received on favorable terms, and Interest allowed on Daily Balances., subject to Check at Sight. Stocks and other Securities Bought and Sold at the New York Stock Exchange. Contracts for Cotton for Future Delivery Bought and Sold on Commission. BLAIR & C 0. BANKERS, 33 WALL STREET, NEW YORK. MUNICIPAL AND RAILROAD INVESTMENT SECURITIES. Fiscal Agents for payment of coupons and dividends. Travelers' Letters of Credit in Pounds Sterling, available throughout the world, and in Dollars for use in this and adjacent countnes. A general banking business transacted. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis ,w. ESTABLISH ED 1870. . B,1 DICKERMAN, } ~~~~Es'JocK EXCHANGE• tS. DOMINICK, CHICAGO PRIVATE W RE TO B. DOMINICK, JA •• BREESE & CUMMINGS M. W. DOMINICK. 1 DOMINICK & DICKERMAN, LA SALLE AND MONROE8TS. BRANCH OFFICES, ·150 WALNUT ST., CINCINNATI. 74 Broadway and 9 New Street. 348 BROADWAY, NEW YORK. CABLE ADDRESS, PRIVATE WIRES. TELEPHONE 2095 CORTLANDT. ZUGCORD HBNBY NEWVOR~ B. Wu.sos. EMERSON MCMILLIN & Co., BANKERS, ~O WALL STREET, NEW YORK. GAS· SECURITIES A SPECIALTY. HIGH-CLASS BONDS AND DIVIDEND-PAYING STOCKS -Bought and Sold on Commission. Financial Agents for Corporations in Paying Coupons and Dividends. Coupons and Dividends Collected and Promptly Remitted. R. T. v\TILSON & CO., BANKERS AND COMMISSION MER CHANTS, No. 33 Wall Street, New York. NEGOTIATE RAILWAY AND OTHER SECURITIES. Accounts Received and Interest Allowed on Balances, which may be Checked for at Sight. CYRUS NO. J. LAWRENCE & SONS, 31 BROAD STREET, NEW- YORK. BUY AND SELL STOCKS AND BONDS STRICTLY ON COMMISSION. CYRUS J. LAWRENCE, l Members of the New York Stock Exchange. HENRY C. LAWRENCE, f https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis RICHARD H. LAWRENCE. GEORGE OOPPELL. GERALD L. HOYT. DALL.AS B. PRATT. • MAITLAND, COPPELL 22 ARTHUR COPPELL .. & Co., and 24 Exchange Place, New York. 'rRANSACT A GENERAL BANKING BUSINESS. ORDERS EXECUTED FOR INVESTMENT SECURITIES. .AOT AS AGENTS OF CORPORATIONS A.ND NEGOTIATE AND ISSUE LO.ANS. BILLS OF EXCHANGE, TELEGRAPHIC TRANSFERS AND LETTERS OF CREDIT -> ON <- Messrs. Smith, Payne & Smiffls, London. Messrs. Mallet Freres & Cie., Paris. El Banco Nacional de Mexico, Mexico, and its branches. Agents of the Bank of Australasia, British Guiana Bank, Demerara, Etc United States Bonds AND OTHER Selected . Investment Securities. HARVEY FISK & SONS, NEW YORK, 3 1 Nassau Street. BosToN, · 13 Congress Street. PHILADELPHIA, represented by JAMES H. CHAPMAN, 42 I Chestnut Street. OUR LIST OF SELECTED SECURITIES SENT ON APPLICATION. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis I THE fINANC-I AL R -E VIEW. Fi:n a::n..ce:, Coro , t • erce:, · Rail:roads_ Febru..ary:, 1898_ .. :.- WILLIAM B. DAN.A COMPANY, PUBLISHERS, PINE STREET, co:&NEB PEARL STREET, NEW YORK. (Entered accordiDg to Act of Congreee in the year 1898 , by WILLI.ill B. DANA Colll'ilT, in office of Librarian of Conereee, Wuhington, D. eJ https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis ,,,... CONTENTS. PA.GE. 1 Monthly Review of Money Market, Stock Market, and Foreign Exchange. . . . . . . . . . . . . . . . 4 BANK CLEARINGS AND SPECULATION •••• , • . • • • • • • • • • • • • • • • . . . . • . . . . . . . • . . . . . . . . . . .. 13 Sales of Grain and Stooks ..•••••••••••.•••.•••.••••. , • • • • • • •• • . . . . . . . • • • • • . . • . . . . . . . . 14-15 LISTINGS OF SECURITIES ON THE NEW YORK STOCK EXCHANGE................ 15 AN INTERPRETATION OF THE FAILURE FIGURES FOR 1897 .................... .. . 17 Yearly Failures Since 1857. . . • . . . . . . . . . . . . . . . . . . • • • • . . . . . . . . . . . . . • . • • • . • • . . . . . . . . . . . . . . 18 Failures by Branches of Trade ....••.•....................•...••......••..... .... ......... _. 18 Detailed Statement of Failures............................. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19 BANKING, FINANCE AND CURRENCY:···••· .. ···· .................................. 20 Money Market for Seven Years . . . • . . . . • • • • . . . • . . . . . . . . . . . . • . . • . . . . . . . • . . . . . . . . . . . . . . . 20 New York City Bank Movements .••••••••........ ,....................................... 24 CROP AND OTHER PRODUCTIONS.............................. • . • . . • . . • . . . . . . . . . . . . . . 25 The Crops for a Series of Years .•••.••.•...... . ... . ... .. ...................•............. 25 Pig Iron Production and· Prices ..••.••..••.•.•...........•.. , . . . . . . . . • . . . • . . . . . . . . . . . . . . 26 Anthracite Coal Production... • • • • • • • • • • •• • • . . •. • • .. . . . . • . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28 GOLD AND SILVER-Review of Gold and Silver Production ••.•..••.••••••.............. 29 Product of Gold in United State_s, Africa, Australia, Russia, etc ......................... 30 World's Gold Production since 1870.. ••• • • • • •• . • • . . . • • • • . . . . . • •. . • •. • . . . . • ••. . . . . . . . . . . . . . 32 World's Silver Production since 1870... • • . . . . . . . . • . . . . . • • • • . . . . • • • • • • • • • • • . • • • . . . . . . . . . . . . 32 Silver Quotations-1833 to 1897.......................... . . • . . . . • • • .• • • . . . . • • • • • . . . . . . . . 33 GREAT BRITAIN-BANKS AND Tl{ADB . • • . . . . . . . . . . . . . . . . . . • . . . . . . . . . . . . • . . . . . . . . . . . . 3, British Imports and Exports. . . . . • . . . . . . . . • . . . . . . . . . . . . . . . . . . . . . . . . . • . . . . . . . . . . . . . . . . . . . 88 Statements of Bank of England and Bank of France . . • • • • . . . . . . • . .. . • . . . . . • • • . • . . . . . . . . . 38 Price of Silver for Three Years. ........... .. ........................................... . 38 TRADE AND COMMERCE-Our Foreign Trade in 1897-Calendar Year: ..•............... 39 Values of Exports and Imports by Fiscal Years 1867-1897 ••.•••.••••••.•••...••••..••..... 4:1 Exports of Leading Articles of Domestic Produce for Three Years. . • • . • . . . . . . . • • . . . . . . . . . •• 41 Imports of Leading Articles of Merchandise for Three Years. • • . • . • • • • • • • . . • . • . . • • . . . . . . . • 42 Comparative Prices of Mertihandise, 1860. 1879 and 1894-1898 .•••••.••••••••...... .". ....... 42 J'OREIGN EXCHANGE-Daily Prices in New York in 1888-1897............. •. . • •. • • . . . . . . 43 UNITED STATES DEBT AND SECURITIES-Debt of the United States, 1793-1897........ 46 Detailed Statement of Public Debt on December 31, 1897................................ . 46 Highest and Lowest Prices of United States Bonds, Monthly, 1860-1897.................... 47 STATE SECURITIES-Highest and Lowest Quotations of State Securities, 1860-1897........ 57 RAILROADS AND THEIR SECURITIES-Railroad Statistics for the United States ........ 60 Railroad Earnings in 1896 and 1897. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . • . • . . . . . . . . . . . . . . . 61 Railroad Bonds in New York, 1893-1897-Highest and Lowest Prices Monthly ............. 84 Stock Exchange Clearing House Transactions-Monthly 1892-1597 .•••..••..••..••.......• 101 Railroad and Miscellaneous Stocks in New York, 1893-1897-Prices Monthly.............. 101 Railroad Bonds in Boston, 1897-Highest and Lowest Prices Monthly ..................... 114 Railroad Stocks in Boston, 1897-Highest and Lowest Prices Monthly ............ .. ..•.... 115 Railroad Bonds in Philadelphia, 1897-Highest and Lowest Prices Monthly......•.......... 116 Railroad Stocks in Philadelphia, 1897-Highest and Lowest Prices Monthly ..•............. 118 Railroad Bonds in Baltimore, 1897-Highest and Lowest Prices Monthly .................. 119 Railro_a d Stocks in Baltimore, 1897-Highest and Lowest Prices Monthly ..••••............ 120 BB'l'ROSPECl' OF 1897 ••...•••••••••••..•..•• . ••.•••..••••••••.•••...•..•...... CNYESTORS' SUPPLEMENT.-(Issue of Jan. 29, 1898, bound up with the REVIEW) .... Appendix:. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis VoLUM~ AND CouRsE OF TRADE. AN UAL AND MO THLY RESULT . RETROSPECT OF 1897. A retrospect of 1897 is much more pleasing and encouraging than was the similar retrospect of 1896. 'rhe year was marked by a decided recovery in business. It would be stretching the facts to claim that the twelve months had been a period of full prosperity in which all sections of the country and all industries had shared in equal degree; but speaking gerierally there has been material improvement, and at the year's close we find the outlook more hopeful than for many years past. Only one thing seems lacking to make the prospect entirely assuring, namely a reform of our currency and banking systems. 'rhe foundation for the recuperation which occurred was laid in 1896. At the beginning of 1897 the prospect still appeared gloomy, and many refused to believe that any benefits would follow as the result of the settlement of the silver issue. But it was evident that the situation had so decidedly changed for the better pecause of that fact that any auspicious event of large importance would be sure to give a marked impetus to trade, and start the wheels of industry in motion again. And this is just what happened. Among thQ favorable developments, foremost place must be assigned to the great appreciation that occurred in the value of agricultural products, more particularly wheat. As on severa,l previous occasions, it was the bounty of Nature (the United States being given plenty while many other part of the world were left with an insufficiency) that put the country on the road to prosperity. The adva.nce in the price of wheat began early in the crop season-that is,' it tarted in July, before either the winter-sown or the spring-s_o wn grain of the new crop had been marketed. At that date the status of things abroad became plainly apparent. Such leading exporting countries as India, Australia and the Argentine Republic were for the time being out of the ma1·ket-indeed the latter was buying "seed" wheat here; Rus:;ia hal had a reduced crop the previous year and seemed likely to have another .in 1897; in France the harvest was' very deficient; in the Danubian provinces storms and floods had done great damage to all crops; in many other European countries the promise was also unfavorable. In addition to all this stocks were down to very low point. In these circumstances the price of the September option rose to 81¼ cents July 31. In August the same option advanced to 106¾ cents, and cash wheat sold several points higher. This extreme high figure was not maintained, but practically the price remained close to or above one dollar per bushel the remainder of the year, the quotation for cash wheat December 31 being $1 02-½. The effects of this great appraciation in the price of uch a leading agricultural staple a,3 wheat can hardly https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis a be over estimat ~d. It gave the farmer in the West in many instanc es 50 to 60 cents a bu;::;hel for his wheat on the farm where before he had been getting only 20 to 30 cents-that is, it gave him from two to three times what he had for a long- time previously bee_n rece1vmg. fle was able, too, to dispose of all the wheat he could gather at the advanced pl'ices. Hence a great change in hi condition occurred, and he was lifted all at once from extreme depression to great prosperity. As a result he began to pay off his farm mortgages and at the same time gr~atly enlarged his purchases of ~oods and supplies of all descriptions. It is this latter fact that gave a stimulus to trade in the manufacturing centres of the East, as these were called upon to supply much of the increased demand for goods. The same conditions add~d enormously to the tonnage and revenues of the Western railroads, opening up a new era of prosperity for them; and as the carrying interest is such an important one prosperity here in turn operated to the further advantage of the whole country, both East and West. In its bearing upon our foreign trade the agricultural situation was· no less important. The demand for our productg was simply enormous. Our exports of wheat for the iix months from July 1 to December 31 amounted to 120 million bushels. · Nor was the demand confined to wheat. The exports of corn for the same six months were roughly 84 million bushels. Fortunately the 1897 harvests in this country placen us in position to meet this large foreign dem~md. The 1897 crop3 were not up to the best of previous years, but nevertheless abundant. 0 f wheat we raised, say, 530 million bushels. In the case of corn the conditions were decidedly unfavorable the latter part of the summer, and yet the crop is esti mated at 1,903 million bushels, while large surplus stocks are left over out of the enormous crops of the two years preceding, which aggregated respectively 2,283 million and 2,151 million bushels. Of oats the yield was 699 million bushels. There remains one other leading agricultural and export staple, namely cotton. Here the crop promises to be a large one; but prices, unfortunately, in this instance are not satisfactory. Low middling upland cotton at the close of the year is quoted at only 5-½ cents per pound. At the end of August the price was 7! cents. As against this decline however between the two dates there is at least the compensating advantage of a much larger yield than was thought possible at first. The export movement of cotton was free and large, but was of course at low prices. On the other hand, in the case of the grain exports the movement was not only ·heavy but it was made at high prices. Hence the values of the shipments were very large. · And these large breadstuffs exports were a prime element in our phenomenal merchandise exports. For RETROSPECT. the month of December such merchandise exports made its report, and submitted the outlines of' amounted to 124½ million dollars, being the heaviest a new currency plan on January 3, 1898. The for any month in the history of the country. names of the body will b·e useful for reference. It is one of the noteworthy characteristics of the They are George F. Edmunds, Vermont; George· year that despite the large exports and the heavy mer- E. Leighton, Missouri; T. G. Bush, Alabama; Wr chandise balance in favor of the country, we received B. Dean, Minnesota; Charles 8. Fairchikl, New very little gold from abroad. For the six months York; Stuyvesant Fish, New York; J. W. Fries,. ending December 31 _1897 the net gold imports at all North Carolina; Louis .\. Garnett, California; J. Lauports were, roughly, only 18-½ millions. For the same rence Laughlin, Illinois; 0. Stuart Patterson, Pennsix months the merchandise balance in our favor, in- sylv::m ia, and Robert S. Taylor, Indiana. The sendcluding silver, was 332 million dollars. ing of the Wolcott Commission to Europe with the These figures, however, simply serve to empha- view to establishing international bimetallism and the size the attitude of foreign capitalists and investors failure of its mission belongs also to the history of towards this country. The European public holu the twelve months. The price of silver in August firmly to the opinion that unless there is a complete dropped to 23¾d. per ounce in London, the lowest rehabilitation of our currency and financial systems, point on record. It closed December 31 at 26jd. On the country-'s future cannot be regarded as assured. account of causes connected with the plague and famThey have consequently refused to make new capital ine the India Government. the latter part of the year, investments here of any considerable amount, while on suspended the sale of its Council bills. It is perhaps the other hand they have at times returned large well to mention too that Klondike gold discoveries quantities of our securities, taking advantage of the caused a rush o.f fortune seekers to Alaska and Brithigh prices prevailing to dispose of the same. At the ish Columbia. same time the redundancy of currency here, by keepThe new tariff law of course played an important ing money rates low in New York ~t a period when part in the events of the year. The discussions in rates were high at the leading monetary centres of Congress were less protracted than is usually the case Europe, removed the inducement for sending gold when a measure of that kind is under consideration. hither, and thus in this way checked imports of In the Honse a bill was all ready for submission when gold. the new Congress was convened in e~tra session in That the need and desirability .of currency reform March (having been prepared by the Ways and Means are .not under-estimated even in this country is evi- Committee of the previous Congress), and the bill dent from the improvement in tone and distinct im- passed that body on the 31st of }larch. In the Senate petus to trade revival which followed every time there was delay and much alteration. The bill was anything happened that gave promise of vigorous put in final shape in July, and it became a law on the action to secure that end. As early as last January 24th of that month. The imports of goods in anticithe announcement that Mr. Gage would be the Secre- pation of the higher duties of the new law were enortary of the Treasury under the McKinley Administra- mous. Thus in April the aggregate of the merchantion imparted strrngth to the markets by reason of dise imports reached $101,322,406, the highest the fact that it was accepted as an indication that the monthly total ever recorded. The totals were large Administration would press the question of currency in several other months, making the imports the first reform. The President's inaugural message served half of the year much above the normal, and of further to stimulate confidence. Again in May, when course correspondingly reducing the movement the because of the indifference of Congress the outlook second half o.t the year. Government revenues were for currency legislation appeared rather dubious, a greatly added to for the time being because of these speech made by Secretary Gage at the banquet exceptional imports and the taking of goods out of of the Commercial Club of Cincinnati on May warehouse. 28th and another speech on June 3d before the The close of tariff legislation was of course distinctly Maryland Bankers' Association at Cumberland, Md., beneficial in settling doubt as to the rates of Customs served to revive hope, and indeed started improvement duties for the immediate future. On the other hand all around. A like effect was noticeable in November, the continued de:fi.ciency of Government receipts to when, the elections having created a feeling of uneasi- meet Government disbursements after the new law ness lest the silver quest10n should crop up anew went into effect was an offsetting disadvantage and unbecause of a failure to correct currency defects, Sec- doubtedly led many to adopt a very cautious policy. retary Gage at the Chamber of Commerce gave The Treasury gold balance, however, was never a. renewed assurance that the Administration would cause of anxiety, fear of impairment of our monetary carry out its pledges. standard having passed away as the resuit-of the 1896 Among the events of the year regarding financial elections. Indeed the gold holdings increased to the matters, mention should not be omitted of the hold- largest figures reached in many years; and in October ing in January of the Indianapolis Monetary Confer- the Treasury actually declined to receive gold for ence composed of representatives of trade organiza- legal tenders; t1a.e balance December 31 was $160,911,tions throughout the country, snd its declaration for 547. It deserves to be noted, too, that the price of Govthe gold standard and in favor of a revision of our ernment bonds made a further decided rise, the 4s of currency and banking systems. Congress at its extra 1925 advancing from 120¼ in January to 129½ in session having failed to heed the suggestion of the December. President urging the appointment of a non-partisan 'rhe year was distinguished for several unfavorable commission to make recommendations as to changes events and occurrences of considerable magnitude. in the laws, the executive committee of the Monetary The South suffered beyond any other section of the Conference (having been empowered to that effect at country in this particular. In the spring the overthe meeting in January) in September appointed a flow of the Mississippi led to inundations more extencommittee to undertake the task. This committee sive anJ more disastrous than any previously known .. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis RETROSPECT. s Breaks in the levees caused. great loss of life and prop- lowest point on record. A table in the CHRONICLE of erty, and it was estimated that 20,000 square miles of December 25 showed only $772, 700 paid out in diviterritory were under water at one time. Congress dends by the Fall River mills in 1897, against 1,385,-voted an appropriation of $200,000. This was fol- 675 in 1896 and 1,772,925 in 1895. At the close of lowed early in September by the announcement that the year notices were given of a general reduction in yellow fever prevailed at New Orleans and at certain wages for 1898. Another trade which remained in an points in Mississippi. The disease spread, New unsatisfactory state was the :mthracite coal trade. Orleans suffering most, and many new places be- Prices were not maintained, and the shipments were coming infected. Not until November, when frost 1½ million tons less than in the previous year. Our relations with Spain regarding Cuba many occurred, was it extirpated. In the interval most rigid quarantines were enforced, and thus for a period times during the year disturbed the markets, as will of more than two months trade over a wide district was appear :from our extended monthly reviews on subseseriously interrupted. If to this we add the drop in quent pages. But the situation at the close, with the price of cotton (the chief agrir.ultural staple in the General Blanco in control, carrying out a scheme for South) to almost the lowest point on record, it will an autonomous administration of the island, is vastly be evident why trade in that section did not revive to better than it was at the beginning, with General Weyler still ha\'ing free rein and Senator Cameron's the same extent as in other parts of the country. Labor troubles were less prominent than in some resolution recognizing the independence of the "Rerecent years. There was, however, one conflict of great· public of Cuba" pending in the United States Senate. magnitude-namely, the strike of the bituminous coal Congress in May voted an appropriation of $.50,000 miners in the Middle West, more particularly Wes tern for the relief of needy Americans in Cuba. For the railroads, as already stated, the last six Pennsylvania and Ohio, Indiana and Illinois. Though the West Virginia miners could not be prevailed upon months were a period of great improvement. Earnto join the movement, it was calculated that about ings the first half were still of indifferent character. 150,000 men were engaged in it. The strike lasted In this period, too, some leading companies, like the from July 4 to about the middle of September, when Chicago & Alton, the Delaware & Hudson, the Big it was ended by concessions by both sides. The trouble Four, etc., reduced their dividends. But with the restricted the supply of coal, besides raising prices in revival in trade and the heavy grain movement phethe strike districts, and in this way proved very em- nomenal gains in earnings in many instances occurred barrassing. But it was :far less disturbing than the and increases of dividends and resumptions became a. similar strike in 1894, which almost brought things to feature of the day. The roads in the Northwest and a standstill. Iron production. for instance, at that th~ Southwest, on account of the fact that they were time fell off enormously. The present year it increased situated in the most favored districts (the grain movein spite of the strike, the output being 185,506 ment not only being large, but the prosperity of the tons per week September 1 against only 164,064 tons farmers being an equally important factor) very natuJuly 1. rally secured the greatest advantages. We may take as While on the subject o:f iron production we may note a type of this class of roads the Burlington & Quincy, that the output steadily increased the second half of which for September reported U,249,693 gain in gross the year, and on December 31 our production was at a and $662,929 gain in net, and for November $979,988 rate never previously equaled, namely 226,608 tons gain in gross and $329, 789 gain in net. In the eastern per week, this exceeding even the remarkable output manufacturing districts there was also improvement, recorded for a brief time during the boom period of but less pronounced. The Pennsylvania, for instance, 1895. Prices were at no time high. There was recovery did not report increases equal to the previous year's from the extremely low figures touched early in the losses except in December. In August that company year, but there was no such spurt upward as occurred had $825,400 gain on its combined lines, against in 1895. In nearly every case iron and steel prices at $1,460,900 loss in the same month last year ; in the end of 1897 stand lower than at the end of 1896. September, $1,192,500 gain, against $1,286,000 loss; Stocks of iron decreased notwithstanding the augmen- in October, $960,000 gain, against-$1,533,200 loss; in tation in production, and altogether the conditions November, $1,492,400 gain, against $1,658,000 loss; in were much more healthful than at the other period re- December, $1,320,200 gain, against $1,045,000 loss. ferred to. An incident of the year was the dissolution A notable feature in railroad circles was t3.e moveof the steel rail pool in .b,ebruary, leading to a drop ment on the part of many large companies to refund in the price of rails from $25 00 per ton (it had been their old high-rate bonds in advance of maturity into $28 00 in 1896) to $15 00. The upward reaction has new 1:>onds bearing lower rates of interest, generally not been great, the quotation December 31 being only 3½ per cent. The Lake Shore started the move$18 00@ 19 00 per ton. ment and the New York Central, the Chicago & In the cotton goods trade the conditions were un- North West., the Rock Island, etc., followed. The satisfactory, furnishing an instance of a large industry foreclosure and sale of the Union Pacific propwhich was not prosperous. The Borden purchase of erty was quite an event o.f the year. A very print cloths in :E ebruary was expected to relieve the severe blow to railroad interest~ was dealt. market, but had only a temporary stimulating effect, by a decision of the United States Supreme Court notwithstandi!l.g a-resort to short time. In the sum- last March declaring the Trans-Missouri Freight mer the outlook improved for a while ; the mills again Assooiation an illegal body because in contravenworked short-time, stocks decreased materially and tion of the Anti Tmst law of 1890. It was at once prices advanced. But before long there was a re- seen that this doctrine if adhered to would make newed accumulation of stocks and prices once more agreements as to rates difficult if not impossible. The fell off, the decline being accelerated by the drop in various traffic associations are still being maintained the price f the raw material. The latter part of the in one form or another, and hopes are entertained year print cloths were down to 2-! cents per yard, the that the scope of the (lecision will be narrowed, but https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis • 4- RETROSPECT. the rate situation has been growing steadily worse, .and at the close of the year the demoralization in nearly all parts of the country is greater than it has ever been before except at a time of actual rate war. In the stock market the improvement in earnings :and in trade was 1·eflected in a striking rise in prices and great activity. During the summer months the market was positively buoyant. The lowest prices as .a rule were reached m April, the Trans-Missouri freight decision in March having precipitated a sharp break in values. The highest prices were generally attained in September, after which a considerable reaction occurred, though subsequently many stocks got back again pretty close to the best figures. Milwaukee & St. Paul common advanced from 69-l- to 102, Burlington & Quincy from 69! to 102¼, Rock Island from 60± to 97¼, &c. The ~pecialties in many cases made even more striking gains, Chicago & Great Western for instance rising from 3~ to 20! , and Missouri Pacific from 10 to 40-!-- Not all stocks show such marked appreciation as those of the grain-carrying roads. Below we bring together some general statistics for 1897 and 1896, affording an interesting contrast be- tween the two years. GENERAL SU!IMARY FOR TWO YEARS. --1 -------------1---18_9_7_. 1896. Coin and currency in U. 8. Dec. 31..$ 1,955,236,3Ul 1,90">,590,736 Bank clearings in United Sta.tea ...•• $ 57,403,118,681 51,333,931,549 Business failures ...•.••...•••.......• $ 154,332,071 226,096,834. Ba.lea at N. Y. Stock Ex:cha.nge,shares. 77,324,172 1'>4,654,096 Grain and fl.our at Prod. Exch'e,bush. 1,477,321,900 1,285,905,650 Cotton at Cotton Exchange ...•• bales. 27,220,200 46,727,800 Imports of merchandise (12 mos.) . . $ 742,630,855 681,579,556 Exports of merchandise (12 mos.) .. $ 1,099,129,519 1,005,837,241 Net exports of gold (12 mos.) ....••• $ 256,529 H6,474,369 Gross earnings 201 roads 112 mos.).$ 1,037,502,518 g78,597,757 Railroad constructed .....•......miles. 1,900 1,997 Wheat raised .....•.....•....•• bushels. 530,149,168 427,6~4,347 Corn raised ....••....••...•.•.. bushels. 1,902,967,933 2,283,875,165 Oats raised .....•..........•••• bllilhels. 698,767,809 707,346,404 Cotton raised .....•••...•••...••• bales. (1) 8,714,011 Pig iron produced. (tons of 2,240 lbs.) 9,6:'>2,680 8,623,127 Steel rails, Bessemer. (tons 2,240 lbs.) (1) 1.116,958 Anthracite coal...(tons of 2,240 lbs.) 41,637,864 43,177,4~5 Petroleum (runs) production . ... bbls. t34,724,682 t33,455,864 Cmmigration into U. 8. (11 mos.) No. 209,!'130 290,598 Pub.land sales (yr.end'gJune30)aores 4,871,919 5,297,031 t These are the old Pipe Line runs; the Buckeye rune were 19,670,514 bbls. in 1897, against 22,148,250 bbls. in 1896. § Net imports. JANUARY.-Ou,rrent Events.-Our industries continued depressed during January, and rather glo:>my views pre vailed, but the indications favored the belief that the country was making substantial _progrnss towards a b0tter state of things. Thgre Wd.S decide:i improvement in our foreign RANGE OF LEADING STOCKS IN 1897. affairs. The resolution of Senator Cameron recagnizing the Open• OloB· independence of the "Republic of Cuba," which had been Highest. Lowest. ing. ing. favorably reported by the Committee on Foreign Relations -·- of the Senate the previous December just before Congress Trunk .LinesBaltimore & Oh1o .. .. 2118 Sept:. 20 14 16¼ 9 Julv 10 adjourned for the holiday recess, causing great uneasiness Boston & Albany ..•. 209 209 Jao. 4 220 Aug. 27 219 Canada Southern .... 6218 Sep . 16 x5158 at the time and leading to fears of a rupture of our friendly 46¼1 4418 Jan 13 19 Sept. 16 1412 15 Erie .................. 1119 Apr. 19 relations with Spain, was not even called up. On the 11th Lake Shore ........... 152 152 Jan. 2 181 Sept. 16 xl 71 91 Michigan Central. ... 90 Jttn. 28 111 78 Sept. ml 1031.a President Cleveland submitted to the Senate a general 92l$a N. Y. Cent. & Hudson 9212 Feb. 18 11519 Bept. 16 x:1063e Pennsylvania•.••... ,r 51~ 5158May 3 59'8 Sept. 57'8 arbitration treaty with Great Brita.in, concluded the same P. C. C. & Bt. Lonls . 1314 1119 Mar. 29 3919 Dec. 20 39 day. Resolutions endorsing it were passed by commercial Coal RoadsDel. Lack. & Western 157 146~May 20 164 Aug. 12 155 and trade organizations and religious societies all over the 115~ Delaware & Hudson 9958 Apr. 1 123 Se~t. 18 lll!lt. a214 .ru y 22 1 2578 country. The Senate Committee on Foreign Relations de2018 Feb. 18 30¾ Lehigh ValleJ:"·····,r Central New ereey . . 10019 6814Ma.y 24 10314JiiD. 19 96 cided on the 30th to report the treaty favorably, but with 619Mtt,y 28 20 St>pt. 16 18 N. Y. Susq. & West'n. 93s 2914 Sept. 18 22 Readinp; .••...•...• . ..•. a'Z6 7s 16~Apr. 19 amendments which practically nullified its main provisions Weet'n and Southw'nAtoh. Top. & Sa.n Fe. b123s 918 A.pr. 19 17 Sept. 18 127s and even then the vote was only 6 to 4. On the 30th a treaty (;'hie. Burl. & Quincy 6919 693s Jan. 5 10214 Sept. 20 9912 was also signed by the representatives of Great Britain and 203s Auir. 12 l!l Chic Great Western 358 June 23 5 (.,'hie. Mil. & St. Pau1 6914Apr. 19 102 Sept. 15 94~ the United States providing for the appointment of Com7312 Chic. & North West'n 1021g 101~ Apr. 19 13219 Sept. l!'> 121~ 9714 Sept. 20 8934 missioners to determine the .Alaska boundary line. The 66 Chio. R. I. & Paolfl.o. . 6014 Apr. 19 Great Nc ,rthern pref.• 120 120 Jan. 16 141 s~vt. 4 133 National Monetary Conference, composed of representatives 93 Illinois Central ....•. 9119~r. 19 llO¾Auir. 7 10334 of commercial organizations throughout the country, was a,y 6 4014 Sept. 7 34 2018 1 10 Missouri Pamfl.o ...••. 243s Sept. 20 17 7a Wabash pref ......••. 1119 Apr. 19 1558 held at Indianapolis on the 12th and 13th. It declared for Paoifl.c Roads82 Dec. 16 8114 the maintenance of the gold standard, the ultimate retire56 Ca.na.dian Pa.cifl.o . . . . 46'9 Mar. 29 15 Sept. 28 18 Central Pacitto ......• 718 Apr. 20 ll7s 131g 11 Apr. 19 223sDec. 15 2118 ment of all classes of United States notes, and a banking Northern Pacifl.c ..... Do do pref. 6158 Deo. 15 59 3214 3218 Jan. 5 2318 Sept. 8 20111 system furnishing a safe and elastic circulation, etc. On Southern Pao. Oomp'y 14~ 1319 Jan. 13 Union Pacifl.o .•••.•• . 419Apr. 19 d27 34 Oct. 20 d2534 the 29th the United States Senate, by a vote of 46 to 4. passed 912 , Southern Roa.els163sj l '\58 Ma.r. rn Chesapeake & Ohio 2718 Aug. 30 2214 a bill authorizing the President after March 4, at his discre Louisville & Nash v .. 401a Apr. 19 63 7a Sept. 3 563s tion, to call an international bimetallic conference. An im 4858 Norfolk&West. pref. e28 48111 Dec. HI 4 -:is !l219M•y 5 91g 7 Ap,·. 19 1214 Sept. 10 .Southern Ry ......... 918 portant event was the announcement that Mr. Lyman J . Do 2279Apr. 19 pref ... 3838 Sept. 10 3138 26~ 15 Aug. 30 1114 Gage, President of the First Nat. Bank of Chicago, would be Texas & Pacifl.o . . .••. 8 Apr. 1 858 MiscellaneousSecretary of the Treasury under P.resident McKinley. The A.mer. Cotton Oil ..•. 26 7s Sept. 2 22¼ · 9~ May 28 1219 Amer. Bu~ar..••..... 1107s 10918 Mar. 29 159¼ Sept. 3 140~ announcement produced a highly favorable impression. In A.mer. Tobacco•....•• 671g Feb. 15 9638Auir. 9 !'.'814 the dry goods trade the large stocks of orint cloths proved 78¾ 413s Sept. 15 3414 General Electric ...•. 28~:Mfly 17 3438 2 .114 44 Sept. 10 :n:is depressing, and a movement was initiated (and perfected 2178 Feb. 16 National Lead .....•• 3914 St>pt. 2 2934 Pa.oifl.c Mall SS•..•••• 24 Jan. 9 24~ Peopl.Gae L.&C ,Chic c73¾ c7a14 Jan. 5 cl0834 St>pt. 18 1 96111 and carried out the next month) for the curtailment of pro72 SPpt. l , 63 U. 8. Leather, pref•.. 50 Apr. 22 60¼ duction. The price of wheat declined sharply, closing 2il$,i. U. 8. Rubber..•....•• 10 June 3 2514 Jan. 191 16 14 96¾ Sept. 11 9114 January 30th after same recovery at 85 cents for the March Western Union Tel.. 7538 May 7 8314 a Phil. & Read. tr. reots., all iustalmeuts paid. h First s11le Feb . option, against 93¾ cents January 2d. U.S. coupon 4s of c Chioa1i:o Gas. d Trust reot•. 2d instalment paid. e First sale March. 1925 rose to 124 from 120¼; the course was upward the rest ,r Dollars per aha.re ; not per cent. of the year. The Treasury gold reserve stood at 144-,800,493 SALES AT THE NEW YORK STOCK EXCHANGE S[NOE 18!32. January 30, against $137,316,544 December 31, 1896. The Com• Railroad a.nd Railroad and mittee on Ways and Means of the House of Representatives Miscellaneous l\Ciscellaneous Government State Stooks. Bonde. Bonds. Bonds. ---- - -Share,. - · - - ------- - · - - · - - - - - continued its work on the new tariff bill to be presented at the $ extra session of Congress, which it was pretty well established $ $ 1883 ··•· 97,049,909 284,768,100 17,046,150 6,986,500 1884.... 96,154,971 499,955,200 14,905,150 2,826,900 would be called early in March. On the 11th the House, by 1885.... 92,538,947 660,659,400 15,261,200 14,678,053 a vote of 168 to 102, rejected the bi 11 for refunding the debt 1886 ... 100,802,050 587,237,500 12,7!-J3,500 20,39-t,4 l1 1887.... 84,914,616 347,127,330 7,110,400 15,306,800 of the Pacific railroads, and the Government consented to 1888 ... 65,179,106 345,914,057 6,573,700 5,188,285 1889 . ... 72,014,600 398,825,425 3,698,850 5,932,350 allow the foreclosure proceedings for the Union Pacific to 1890.... 71,282,885 401,829,220 . 2,625,500 4,870,400 proceed. The steel billet pool was practically dissolved on 1891.... 69,031,689 383,715,000 1,460,800 3,475,100 1892.. .. 85,875,092 485,857,400 1,729,100 4,793,950 January 30, and a number of other combinations for the 1893 ·••· 80,977,839 351,854,450 2,143,250 3,792,800 maintenance of prices came to grief. 1894. .. . 49,075,032 339,950,250 4,345,t00 10,929,900 1895.... 66,583,232 499,758,080 7,480,250 5,583,200 Railroad Events and Stock Exchange Matters-There was an 1896.... 54,654,096 363,158,820 26,494,150 2,284,000 1897.... 77,324,172 529,843,960 10,394,950 2,004,950 active demand for bonds on the Stock Exchange in January, • Tlus meludes all stocks (except t>ank stocks) a.nd also trust oertitl· and prices generally advanced. In stocks there was much eates, &o., sold in the "unlisted" department, except petroleum oertifl.• strangth the early part of the month encouraging exoectaeates sold by barrels. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis --- 181 I 1 I I RETROS ECT. tions of a genuine "bull" movement, but later the continued Bank of England on the 21st reduced its discount rates from unfavorable reports of earnings and the developments re- 4 per cent to 3½ per cent; the Bank of Germany a few days. garding the coal properties weakened the whole list, though previously lowered its rate from 5 per cent to 4 per cent. prices generally stood higher at the close than at the open- The open market discount rate in London, which had been mg of the month. Delaware & Hudson reduced its dividend 3% per cent in December for sixty to ninety-day bank bills from 7 per cent per annum to 5 per cent, and the price dropped to 2¼ per cent in January; the gold holdings of the dropped from 121¾ on the 6th to 106¼ on the 27th. The Bank of England increased nearly £3,000,000. At Paris theother anthracite shares were also depressed. Among the open market rate remained unchanged at 2 per cent. At Ohio bituminous coal roads, the result of the continued de- Berlin and Frankfort there was a decline to 2½@3 per cent moralization and low prices was seen in the appointment of from 4¼ per cent at the end of December. The price of° receivers for the Wheeling & Lake Erie and the Colum bus silver ranged between 29 11-16d. and 29 13-16d. per ounce. Sandusky & Hocking. There were also rumors of a receivFEBRUARY.-Ourrent Events.-The two principal events ership for the Columbus Hocking Valley & Toledo. The dividend on Toledo & Ohio Central preferred stock was during February were the collapse of the steel-rail pool and again passed. An agreement was reached towards the close the large purchase of print cloths. The price of rails in of the month among these coal roads in Ohio for the re- 1896 had been 28 00 per ton (at the mills) and had been storation of rates and prices. President Roberts of the fixed at 25 00 for 1897. With the disruption of the pool the Pennsylvania Railroad died on the 30th. As noted above, the price dropped to $16 00@$18 00, and it is claimed that somePacific Railroad refunding bill was defeated in the House of sales were made at less than 15 OD. At the decline the Representatives, and the Government consented to appear in railroads sent in enormous orders, and some considerable the proceedings for the foreclosure of the Union Pacific after sales were also made for export. It is believed that within first reaching an agreement with the reorganization syndi- a short time after the break orders had been booked for an cate for a minimum bid of $45,754,000 for the Government's aggregate pretty nearly equal to the entire production of interest in the property, this to include the sinking fund. The Bessemer rails of all kinds in 1896, which was 1,102,892 tons. Attorney-General of Pennsylvania rendered a iiecision sus- This had a quickening effect on all branches of the iron and taining the validity of the charter of the new Reading Com- steel trades. The print cloth purchase was made by Mr. M. pany. The Chicago St. Paul Minneapolis & Omaha declared C. D. Borden, representing the American Printing Comits first dividend on the common stock. The Nashville pany, Fall River, and consisted of 750,000 pieces. The price Chattanooga & St. Louis declared both the dividend de- 1s reported to have been 2 9-16 cents per yard, or 1-16c. aboveferred in November and that due in February. The Fort the market price After the sale the price advanced to, Worth & Rio Grande defaulted on its coupon due January 1; 2 11-16~. The transaction had a stimulating effect on the default also occurred on the Consolidated of Vermont first whole dry-goods trade for the time being, but subsequently mortgage. The purchase by the new syndicate of the Long the price of print cloths dropped back to 2% cents. The Island Railroad was completed. Receivers were appointed agreement to restrict production, noted in January, was for the Sharpsville Railroad , controlled by the Baltimore & carried out. General business improved only slowly. An Ohio; also the St. Ulair Madison & St. Louis Belt, owning investigation of trusts and industrial organjzations by a the new Mississippi drawbridge at Alton, Ill.; the Little committee of the State Legislature had a disquieting effect, Rock & Mississippi River and the Greenwood Anderson & as it showed a hostile attitude towards organized capital. Western. The Bloomsburg & Sullivan submitted an agree- In foreign political affairs the uprising in Crete was a disment for funding its coupons due July, 1896, and January, turbing incident. The Greek Government came to the 1897. The Oregon Short Line & Utah Northern was sold at support of the Cretan Christians, while the combined Euroforeclosure; also the Chattanooga Rome & Columbus, the pean Powers undertook to prevent intervention, their warCincinnati Jackson & Mackinaw and the Kentucky Midland. ships at one time opening fire on the Christians. The Greek The stockholders of the Central of Georgia confirmed the Government failed to heed th<' demands of the Powers, and made active preparations for war. The United States Senate purchase of the Middle Georgia & .Atlantic. The Money Market.-The money market developed grow- on the 20th unanimously adopted a resolution offered by ing ease in January, and there was a further noteworthy Senator Cameron expressing sympathy with the Greeks and accumulation of idle funds at this center. The money hold- Cretans. There was again considerable incendiary talk i:a ings of the Clearing House banks, after having risen from the Senate regarding Cuba. On the 24th the Committee on $124,419,800 on November 7, 1896, to $165,983,200 January 2, Foreign Relations by a unanimous vote reported a resolution rose further to $199,981,200 January 30; the surplus reserve, demanding "the immediate and unconditional release of after having advanced from $14,810,400 to 3.3,286,950 be- Julio Sanguilly," an imprisoned Cuban claiming American tween the same dates, rose to $59,148,250 Ja.n. 30, 1897, citizenship. On this resolution violent speeches were made The deposits, which had stood at $438,43i ,600 Nov. 7, 1896, and the next day, although it wa.s known at the time that the· at $530,785,000 Jan. 2, 1897, were 563,331,800 January 00. Spamsh Government had already decided to pardon SanLoans, on the other hand, which had gone up only from $442,- guilly. There also came reports that Fitzhugh Lee, U.S. 179, 700 in November to $491,375,900 January 2d, were ac- Consul General at Havana, had threatened to resign his. tually a little smaller on January 30th at $488,765,700. Aside position. Attempts to secure action on the Arbitration from the depression in trade, it was claimed that the con- Treaty with Great Britain failed, and the Treatv went over ti-action in this instance was due to the paying off of loans to the next Senate. The bill authorizing the President to made on sterling exchange as collateral. Rates for call call or take part in an international conference looking money on the Stock Exchange ranged between 1 and 2 per towards bimetallism, passed by the Senate in January, was. cent throughout the month. The banks entered into an slightly changed in the House (so as to allow the President agreement not to loan at less than 2 per cent on call, but also, if he chose, to conduct negotiations through diplomaticthe trust companies put out large amounts at 1½ per cent. channels), and on the 26th passed that body by a vote of Some of the banks also gave notice to their interior corres- 279 to 4. The Senate concurred in the amendment and thQ pondents that they would allow only 1½ per cent on in- bill reached President Cleveland early in March and was. terior balances after the 1st of February. Time loans were approved by him. A bill authorizing national banks to in -very little demand, and the quotations at the close were take out circulation to the par value of the bonds deposited 2 per cent for sixty days~ 2½ per cent for ninety days to four to secure it, passed the House on the 25th by a vote of 144 months and 3 per cent for five to seven months on good to 46, but no action was taken on it in the Senate. The mixed Stock Exchange collatiral. For commercial paper Anti-Scalping bill passed the House on the 27th by 142 to 51 rates at the end of the month were 3 per cent for sixty to votes; this bill, too, died in the Senate. The Greater New ninety-day endorsed bills receivable and 3@3½ per cent for . York Commission, whose time for making a report had been first-class and 4@5 per cent for good four to six months extended , submitted to the Legislature the charter for the single names. Some Eastern mill paper having ninety days greater city. In the United States Circuit Court at DallM to four months to run was bought at 2¾ ptr cent in the last the Texas Anti-Trust law was declared unconstitutionalweek. see CHRONICLE of February 2ith, pages 397 to 399. The Foreign Exch11,nge, Silver, Etc.-Contraryto the experience price of wheat under considerable fluctuations further dein other recent years, there were no gold exports in January, clined and closed at 80½ cents on the 27th for the March the explanation being found in the very favorable sta.te of option. The Treasury gold reserve further increased and ou:r foreign trade ever since the previous July. The stood at $148,661,209 February 28th. An incident of the tendency of foreign exchange rates was towards higher month was the formal signing at Washington on the 2d by figures. Long sterling was relatively stronger than sight Sir Julian Pauncefote, the British ambassador, and Senor and cable transfers, the reason being that large amounts of Jose Andrade , the Venezuelan Minister, of the Anglo ~ixty-day bills which had been purchased for investment Venezuelan Arbitration Treaty. fell due and the offerings of these weakened sight and cable R ail-r,,aa Et1ents and Stock · .ExchanoP. Matte1·~.- On the 11ransfers. Then also the decline in interest rates in Europe Stock Exchange the market for bonds followed an indetended to narrow th e difference between Ion~ and short. pendent course from that for stocks, prices quite generally The market opened on Monday, January 4th, with the rates tending upward. In stocks the dealings were small, and for actual business for long and short sterling unchanged prices generally closed lower than they opened. The sales as compared wit:!: the rates on December 31, at 4 83¾@4 84 aggregated only 2,803.401 shares. The industrial properties for the former and 4 86¼ @4 86½ for the latter~ and rates for were sharply attacked on the trust investigation by the cable transfers one-quarter of a cent lower, at 4 86¾ @4 87. State Legislative Committee, but there was an equally Thereafter there was a pretty general advance, and on the sharp recovery. The anthracite coal shares were quite 14th the rates were 4 84¾ @4 85 for long, 4 87½ @4 87¾ for weak at times, owing to the unsatisfactory condition of the short and 4 88@4 PS¼ for cable transfers. Then there was coal trade. and the bituminous coal shares were likewise a decline, followed again byan advance, and sixty-day bills weak. The Columbus Hocking Valley & Toledo went into, closed at the same figure as on the 14th, while sight was the hands of receivers, being unable to raise the money three-quarters of a cent lower at 4 86¾ @4 87 and cable neede.-1 to pay the March interest. Lake Shore made a transfers the same amount lower at 4 87:-4'@4 87½ . 'l he sharp spurt upward, the reawn for which developed in https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 6 RETROSPECT. March. The Northern Pacific reorganization syndicate tated a large decline in prices and completely changed the sold to a group of foreign buyers represented by the course of the market. Steps were at once taken to disband Deutsche Bank a considerable portion of the syndicate the Western Freight Association and various other traffic holdings of Northern Pacific stocks and bonds. The Berlin associations in the West. The members of the Joint Traffic :holders of new Oregon Railway & Navigation preferred Association, however, concluded to maintain their Associastock, on the other hand, sold a block of their holdings to tion, but to make a motion before the Supreme Court (to parties here interested in the Northern Pacific, the Great which the case of that Association had been appealed) to Northern and Union Pacific. These transactions strength- advance the cause on the docket. Earlier in the month ened the securities of the various properties affected. The there was one favorable event of large importance; the details of the agre9ment between the Ohio bituminous coal Lake Shore & Michigan Southern Railroad made arrangeroads were finally settled. Frank Thomson was elected ments to refund its bonds bearing 7 per cent interest and -t o succeed the late George B. Roberts as President of the maturing during the next few years into a new issue bearPennsylvania Railroad. The United States Supreme Court ing only 3½ per cent interest, effecting a saving in annual upheld the laws of Ohio and Indiana in the cases involving charges of over 1¼ million dollars per year. It was seen the right to tax express and telegraph companies. The that this operation might be repeated in other cases (a twoSt. Louis Iron Mountain & Southeru, forming part of page table in the CHRONICLE of March 13 showed that 710 the Missouri Pacific, made arrangements to extend both its millions of bonds, bearing 5 per cent interest or above, $4,000,000 tirst mortgage bonds and its $1,000,000 second would mature before the close of 1905), and great strength mort~age bonds maturing in May. The Brigantine developed on the Stock Exchange. But the Supreme Court Transit was sold at foreclosure; also the Natchez Red decision nullified for the time being this favorable condition. River & Texas RR., and the Altoona Clearfield & Northern; Another promising event was the securing for the Lehigh the Wheeling & Lake Erie defaulted in the payment of the Valley of the co-operation of J.P. Morgan & Co. and Drexel coupons due February 1 on its extension and improvement & Co. in readjusting its finances. High water in the Missisbonds. A receiver was appointed for the Hendersonville & sippi and its tributaries <.lid great damage and caused much Brevard Railway Telegraph & Telephone Company. suffering, owing to breaks in the levees, inundating The Money Market. -The money market remained in a large areas of low land. On March 2d President Cleveland plethoric condition. The deposits and money holdings of vetoed the Immigration Bill. providing for the shutting out the Clearing House banks further increased and the sur- of illiterates, which had been the subject of long diRcussion plus reserve fell off only to a small extent, standing at in both Houses. The bill passed the House over the veto $57,520,975 February 27. Call money on the Stock Exchange but died in the Senate. Four of the appropriation bills ranged between 1½ and 2 per cent, with the bulk of the failed to become laws before the adjournment of the old business at 1% per cent. Banks maintained 2 per cent as Congress. President McKinley was inaugurated on the 4th, the minimum in most cases. but a few loaned at the Stock and he strongly urged the adoption of the Arbitration Treaty Exchan~e rates towards the close of the month; the trust with England; the Senate responded by further emn.soulatcompames nearly all met the Stock Exchange figures. Rates ing the Treaty, but without taking a final vote on it. Mr. on time did not vary greatly through the month , being McKinley convened the new Congress in extraordinary sesquoted the last week at 2 per cent for thirty to sixty days, sion on the 15th for tariff legislation. The tariff bill :pre2½ per cent for ninety days and 3 per cent for four to six pared by the Ways and Means Committee of the previous months. In commercial paper it was reported that six tlouse was promptly introduced, referred to the new Commonths choice single names had b8en sold at 3 per cent. mittee, favorably reported by that Committee on the 19th, Early in the month some ninety day to four months Eastern March 31st fixed as the day for a vote on it, and passed on mill paper was placed at 2½ per cent, and Eastern city that day. The fear that the bill would be retroactive led to notes running to October were sold at the same figure. large withdrawals of imported goods from the bonded wareThe regular quotations for paper were 3 per cent for sixty houses. In the bill as it passed the House, April 1 was fixed to ninety day endorsed bills receivable, and 3½@4 per cent as the date for the retroactive provision. The Treasury gold for first-class and 4@5 for good four to six months single reserve on the 1st of March was $149,661,209; on the 4th, names. $150,693,630, and on the 31st, $151,786,464. The New York Jloreign Fxchange, Silver. Et~.-The foreign exchange Legislature oassed the Greater New York charter, and it market was very quiet during February with exceptionally was sent to the Mayors of the cities affected for avproval. Railroad Events and Stock E cch-1:nge Jfatters.-The first few fluctuations in rates. The tendency of the market was upward. A good many of the bills previously bought for twenty da;rs of March the stock market sharply advanced investment fell due, becoming short bills as they ran off, on the stimulus furnishe i by the Lake Shore refunding thus increasing the supply of that class. of bills. There was scheme, the Vanderbilt properties particularly being strong. also quite free selling of American securities of the very It then seemed (notwithstanding weakness in the Gould best grades by European investors (in part induced by the properties, on rumors, which proved unfounded, of a receivhigh prices to which they had advanced here), and this ership for Missouri Pacific, and also weakness in the anthracaused a demand for exchange. The flurry in the European cite coal shares,) as if the course of the market had permamarkets occasioned by the troubles connected with the nently changed; but on the 22d the Supreme Court decision Cretan uprising likewise at one time imparted strength to in the Trans-Missouri freight case, quickly reversed the the market. Then, too, though the low rates for money whole movement of prices and caused a break more noteruling in London almost completely wiped out the margin of worthy than the previous advance. Milwaukee & St. Paul protit to be obtained on investment purchases of bills. some common sold at 78½ on the 15th and at 71¼ on the 29th. new investments of that kind continued to be made. On North West. common sold down from 110¾ (17th) to 103¼ the 1st there was a reduction of one-quarter of a cent in the (29th), Burlington & Quincy from 78½ (18th) to 69% (29th), rates for actual business in long and short sterling to 4 84½ and Rock Island from 69%' (18th) to 60¾ (29th). St. Paul @4 84¾ for the former and .4 86½@4 86¾ for the latter, and & Omaha common, which had jumped from 51% on the 1st a reduction of one-half a cent in cable transfers, to 4 86¾ m to 64½ on the 17th, closed at 57¼ on the 31st. Central 4 87. This was followed by an advance of one-quarter of a of New Jersey was weak the whole month, (the annual cent in long on the 10th, and in sight and cable transfers return of the Lehigh & Wilkes-Barre Coal Company on the 11th, and by a further advance of a quarter of a cent making a very unfavorable showing), and declined from in the last two on the 15th and in long sterling on the 18th; 97 on the 1st to 77 on the 31st. The announcement that this comprised all the changes in actual business during the the New York Stock Exchange did not intend to renew month, the rates at the close being 4 85 d>4 85¼ for 60-day, the "ticker" contract with the Western Union on its expira4 87@4 87¼ for sight and 4 87¼@4 87½ for cable transfers. tion had only a comparativelv slight effect on the stock of The Bank of England on the 4th reduced its rate of discount that company. Manhattan Elevated reduced its dividend from 3½ to 3 per cent, and the Bank of Germany on the 26th from 1½ per cent quarterly to 1 per cent. A separate reduced its rate from 4 to 3½ per CP.nt. The price of silver receiver was appointed for the Ogdensburg & Lake Cham• plain in place of the Central Vermont receivers. Messrs. J. fluctuated only between 29 11-16d. and 29¾ d, P Morgan & Co. announced a plan reached under an agreeMARCH.-Ourrent Events-The decision of the United ment with the Union Pacific Reorganization Committee for States Supreme Court on March 22d in the suit of the United refunding the U . P. 6 per cent collateral trust notes of 1891. In States against the Trans-Missouri Freight Association proved New Jersey Vice-Chancellor Reed dismissed the suit brought a highly disturbin~ event. The Court decided by a majority against the American Tobacco Co. by the Attorney-General vote that the Anti-Trust Act of 1890, contrary to accepted to restrain it from doing business as a trust. The New York opinion, was meant to cover the case of the railroads, and Court of Appeals affirmed the constitutionality of the Rapid furthermore that the words " restraint of trade " used in Transit Act. The Atchison acquired the Texas Louisiana & the Act instead of being given the meaning which they Eastern, and also arranged.for an exchan~e of the Atchison always had at the common law, namely unreasonable re- road from Benson, Ariz., to Guaymas, Mexico, for the Mojave straint of trade, must be construed in their broadest sense division of the Southern Pacific. A motion for the appointand held to mean all agreements and contracts in restraint ment of a receiver for the Atlanta & West Point was denied. of trade, whether reasonable or not ; it hence following that A plan for the reorganization of the Brooklyn Elevated was the Trans-Missouri Freight Association was an illegal com- issued and the road placed in receiver's hands. The Columbus bination-see CHRONICLE March 27, 1897, pages 588 to 590, Hocking Valley & Toledo defaulted in the payment of and April 3, pages 642 to 644. The public was wholly un- interest due March 1. A rPceiver was appointed for the prepared for such a ruling. The Government had been de- Gainesville Jefferson & Southern, also for the Wilmington feated in its effort to have the Association dissolved in the Newbern & Norfolk and the Allegheny & Kinzua. The lower courts, and only the previous week the Circuit Court Louisville New Albany & Chicago was sold in foreclosure; of Appeals had sustained the validity of the Joint Traffic also the Texas Sabine Valley & Northwestern and the EvansAssociation. Among the railroads the decision caused gen- ville & Richmond. The Mobile & Ohio completed negotiations eral consternation, it being interpreted to make all traffic for the sale of $4,000,000 bonds to build its Montgomery associations illegal, and on the Stock Exchange it precipi- extension. In the North Carolina legislature the attempt https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis RE'fROSPECT. to disturb the lease of the North Carolina Railroad to the Southern Railway failed. The Money Market -The large payments of Customs duties reduced the money holdings of the Clearing House banks from $199,922,200 on March 6th to $189,973,200 on April 3, and the surplus reserve from $55,556,925 to $47,666,575, but the effect on the money market was comparatively slight. At the Stock Exchange the call loan rate did not at any time get above 2 per cent, and most of the transactions were at 1½@1¾ per cent. The banks continued to loan at 2 per cent over the counter, but towards the close of the month they were n6arly all represented at the Stock Exchange and loaned at the prevailing rate there; the trust ,companies accepted current rates all through the month. On time, money was in very good demand at times by importerR. who feared a retroactive provision m the new tariff law. but owing to the great plethora of funds rates were very little changed, being at the close 2 per cent for thirtydays, 2½ per cent for sixty days, 3 per cent for ninety days to four months, and 3½ per cent for five to seven months and 4 per cent for eight to nine months. In the commercial paper market there was considerable borrowing on tobacco paper, secured by warehouse receipts on imported goods as collateral, usually at 4@4½ per cent for five to eight months. The ruling quotations for sixty to ninety-day endorsed bills receivable were advanced from 3 per cent to 3½ per cent; there was no change from the rate of 3½@4 per cen.t for first class and 4(iil5 per cent for good four to six months' :Single names. Very little paper, however, was accepted at below 4 per cent. Fore,.gn l!xchange, Silver, &c.-The foreign exchange market again showed great steadiness, there being very few changes in rates. The tendency of the market, however, continued upward. and while in sight bills and -cable transfers the advance in the rates for actual busines~ was only one-quarter of a cent per pound sterling, in sixty•day bills the advance was three-quarters of a cent. Some demand for bills for investment was also again noted, a :small profit being :figured out by some bankers on such pur•chases with call money here at 1½ per cent. For actual business, rates on the 1st were 4 85@4 85¾ for sixty-day bills, 4 87@4 87¾ for sight and 4 87¾@4 87½ for cable transfers, and on the 31st 4 ~5%'@486 for sixty days, 487¾@487½ for sight and 4 87½@4 t:!7¾ for cable transfers. Sih-er was weak on the announcement that Japan had de·cided to adopt the gold standard, the change to date from -October 1. The price of silver in London declined from "29 11-16d. February 27th to 28 5-16d. on March 31. The open market rate for discounts of 60 to 90-day bank bills in London dropped to 1¾ per cent, but in Paris there was an advance to 2 per coot and in Berlin and Frankfort to 3 per cent. 7 tence as bureaus of information or in some other form ; the United States Supreme Court on the 5th granted the prayer for an advancement of the appeal of the Joint Traffic .Association case, but fixed the hearing for October, when it was further postponed. A petition was filed on the 19th for a re-hearing in the Trans-Missouricase. The New York Central announced a plan for the issue of 100 million 3½ per cents and 12 million of New York & Harlem 3½s to refund (in a manner similar to the Lake Shore) outstanding high-rate bonds. A large auction sale of cotton goods on the 14th proved fairly successful. A number of New Bedford cotton mills became embarrassed by reason of the irregularities of one of the officials. President •McKmley appointed Senator Wolcott, ex-Vice-President Stevenson and General Charles J. Paine of Massachusetts members of the Bi-metallic Commission authorized by Congress. Railrnad FvPnts a,,,rl Stock Exchange Matters.-Business on the Stock Exchange remained dull after the Supreme Court decision the previous month. As noted above, the announcement of the breaking out of war between Turkey and Greece precipitated a sharp decline in prices on the 19th, but this was in most cases subsequently recovered. A rumor on the 1st of the month that the St. Louis & SouthweRtern was in danger of a receivership, and which had depressed the company's securities, was promptly denied by Vice-President Edwin Gould. The floods in the Mississippi Valley were an adverse influence with this and some other properties. The New York Central refunding scheme kept Central stock firm, but had little general influence on prices The gold exports were likewise without much influence. Albert Fink died April ;Jd. The Central of New Jersey reduced its quarterly dividend from 1¾ per cent to 1 per cent. The St. Louis Chicago & St. Paul was sold in foreclosure; also the Quincy Omaha & Kansas City. The Chicago & West Michigan announced that the coupons due May 1 and June 1 would again have to be paid half in scrip. The injunction restraining the Seabq>ard & Roanoke from cutting rates was ·dissolved. Th~ Wisconsin C_entra~ defaulted on the coupons due April 1 on the· W1sconsm & Minnesota 7s. The U. S. Supreme Court in the ''Stock Ticker Case" denied the petition for a writ of certiorari asked by the Western Union against the American Bell Telephone Co. The Baltimore & Ohio passed the dividend on Washington Branch stock. The United States Circuit Court granted a petition for the reopening of the question whether the Cape Fear & Yadkin Valley should be sold as a whole or by divisions. The New York Court of Appe3ls reversed the decision of the lower courts and ordered a new assessment of the personal property of the Manhattan Elevated road for 1895. The Money Market.-The large Customs payments and APRIL.-Current Events.-The difficulties between Greece also the gold exports (though the latter did not figure to any :and Turkey regarding Crete led to war between the two great extent until towards the very close of the month) took -countries during April. On Saturday the 17th the Turkish money out of the banks, but there was a return flow of •Government declared that on account of the invasion of funds from the interior and the money holdings of the New Turkish territory (bands of irregulars having crossed the York Clearing House institutions increased from $189,973,200 'Turkish frontier) a state of war existed, and gave the order on April 3 to 193,133,600 on May 1, and the surplus reserve to its armies to take the offensive. The foreign mar,kets from $47,666,575 to $48,917,625. The money market tended were closed the following Monday (the 19th) it being Easter; towards greater ease. On the Stock Exchange the rates on in our markets the effect was very striking, stocks tumbling call dropped to 1¾@1½ per cent. Banks generally loaned .a nd wheat scoring- a decided rise. On Tuesday the 20th, at the Stock Exchange quotations, though seeking to obwhen it was seen that the foreign centers viewed the war tain 2 per cent over the counter. In time contracts rates with less concern, there was a sharp reaction and thereafter were also lower, business being limited mainly to renewals ·the war exerted comparatively little influence on prices. In at 2 per cent for thirty to sixty days, 2½ per cent for ninety .t he early engagements between the Greeks and Turks the days to four .months, 3 per cent for five to seven months and former were generally successful, but within a week after 3½ per cent for longer periods. In the commercial paper the formal beginning of hostilities the Greek armies market there was a very meagre assortment of names, with were in full retreat. The war started a lively speculation and the quoted rates at the close of the month 3½ per cent for _gave much needed tone to the wheat market. The July sixty to ninety-day endorsed bills receivable, 3¾@4½ per option for wheat sold on the Produce Exchange at 75¾ cent for first-class and 4½@5½ per cent for good four to six -cents on April 1, against 80½ cents on March 2d; by April months single names. Foreign Exchange, Silver. &c.-The foreign exchange :9 the price had declined to 70% cents; on the possibility of war, recovery began, and on the 17th the price touched market developed further strength, and the latter part of "77½ cents ; on the 19th it jumped to 83½ cents; the close the month an outflow of gold began, for the tirst time since -On the 30th was at 77% cents. The Dingley Tariff bill re- the previous July. There was a scarcity of commercial bills mained in charge of the Senate Finance Committee the and the threatening aspect of affairs in Eastern Europe led whole month. The merchandise imports were on a pro- to some sales of our securities for foreign account. On digious scale, in anticipation of the higher duties of the new actual business rates the 1st of April were 4 85¾@4 86 for bilJ, and reached $101,322,4.06, the largest for any month in sixty-day sterling, 4 87@4 sn,i for sight and4 87¾@4 87½for the history of the country. These large imports and an cable transfers. By the 16th rates had advanced half a cent; urgent demand for gold from Japan and Austria led to an the war news caused a sudden further advance on the 19th outflow of the metal from the United States for the first of half a cent in sixty-day bills and three-quarters of a cent time since July of the previous year. Government revenues in sight and cable. On the 20th a reaction of a quarter of greatly exceeded the expenditures (as had also been the a cent occurred. An agreement then existed not to ship -case in March) because of large Customs payments. The gold unless 4 88¾ could be obtained for sight bills, but this Arbitration Treaty with Great Britain did not come to a fell to the ground when one of the shippers received a pervote until the following month. The floods in the Missis- emptory order to send gold, and engaged $977,000 for shipsipppi Valley grew still worse. There were further breaks ment to Austria on the 27th. Both Japan and Austria were in the levees, involving great loss of life and property, and drawing gold from London, the latter country having sold it was estimated that 20,000 square miles of land were under a considerable amount of Treasury bills in London and water in Missouri, Arkansas, Tennessee, Miss1ssipp1 and Vienna and requiring payment in gold. Besides the shipLouisiana. President McKinley sent a special message to ment mentioned, $500,000 was shipped to Germany and $1,Congress early in the month, urging relief, and Congress 000,000 to France on the 29th and on the 30th $4,000,000 more voted an aP.propriation of $200.000. The Greater New York was engaged foi"' shipment May 1. Under the sale of bills Charter failed to receive the approval of Mayor Strong of against these shipments rates declined and were on April this city (though being approved by the Mayors of Brooklyn 30 4 86¾@4 86½ fur sixty days, 4 8i½@4 87¾ for sight and and Long Island City) and was re-passed by the Legislature. 4 87¾@4 88 for cable transfers. The Hank of England rate A more hopeful feeling prevailed regarding the effects of of discount was reduced from 3 per cent to 2½ per c6nt on the Trans-Missouri decision, no rate war having developed the 8th. The Bank lost heavily in bullion, and on the 20th, and the various traffic associations being continued in exis- after the breaking out of the war between Greece and Tur- https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis RETROSPECT. key the open market discount rate in Lc;ndon advanced to 1%@1½ :per cent; it closed April 30th at 1 5-16 per cent. At the Contmental centres rates were easier, closmg at 2% per cent at Frankfort and Berlin and at 2 per cent at Paris. There were no noteworthy features in the silver market, and the price in London declined from 28 7-16d. to 28 3-16d. Tennessee & Ohio, the Duluth & Winnipeg Terminal and the Seaboard Railway (of Ala.). A receiver was appointed for the Harriman & Northeastern. The Money Market.-The gold exports had no effect to, stiffen the money market. There was a large return flow of currency from the interior. The money holdings of the Clearing-House banks were reported at $190,516,100 May 29, MAY.-Current Events.-Gold exports continued, but at- against $193,133,600 May l. and the surplus reserve $46,616,-tracted very little attention. The ~oss exports for the 100, against $48,917,625. Money seemed to be as plentiful at month from the whole country were $9,468,471 and the net Chicago and other Western centres as here. On call at the exports $8,516,956. The Treasury gold balance was reported Stock Exchange the highest figure was 2 per cent early in at $153,340,890 April 30 and at $144,319,563 May 31. In the the month : the rest of the month the range was uniformly Grreco-Turkish war the Greeks were completely vanquished, 1¼@1½ per cent. A loan of a million was reported as low and the Powers intervened to protect them. The Greeks as 1 per cent, but the transaction was exceptional. Banks. evacuated Crete, out of the occupation of which the trouble· and trust companies practically all loaned at the Stock Exbetween the two countries had arisen. Cuban matters change rates. For time loans the inquiry was very small; again occupied a good deal of attention. Some of the ruling quotations were 2 per cent for thirty to sixty days, 2½ members of the United States Senate who had had access per cent for ninety days to four monthR, 3 per cent for five· to the correspondence on file at the State Department furn- to seven months and 3½ per cent for eight months. For ished sensational accounts of the state of things in Cuba, commercial paper rates at the close were 3½ per cent for and in the debate in the Senate some very violent speeches sixty to ninety-day endorsed bills, 3¾@4½ per cent for first were made. Disquieting rumors were current, too, regard- class and 4½@5 per cent for good four to six months ' single ing the intentions of President McKinley. The expected names. Some very choice four months single name paper message to Congress came on the 17th, but it merely sug- was taken at 3½ per cent. gested an appropriation of $50,000 for the relief of needy Foreign Exchange, Silver, &c.-While some gold was exAmericans in Cuba; Congress immediately voted the ported every week during May, the tendency of the foreign amount. This, however, did not deter the Senate from exchange market was nevertheless down wards, and in the adoptin~ its resolution recognizing the belligerency of the rates for actual business there was a decline of one-half a Cuban lfisurgents, the resolution passing on the 20th by a cent per pound sterling in sixty-day bills and of threevote of 41 to 14. In the House of Representatives the reso- quarters of a cent in sij?;ht bills and cable transfers, so that lution was not allowed to come up. The Senate on the 5th the prices at the close of the month were 4 85¾tff4 86 for rejected the arbitration treaty with Great Britain; the vote long, 4 86¾@4 87 for short and 4 871...1114 87¼ for cable transstood 43 against 26, which was less than the required two- fers. The sales of bills against the gold shipments in each thirds. The Dingley tariff bill, as amended, and with the case sensibly weakened the market. and the exports of the retroactive clause eliminated, was reported by the sub-com- metal were made profitable by the inducements offered tomittee of the Senate Finance Committee to the full commit- obtain it on the other side. Some of the shipments were on tee on the 4th, and quite unexpectedly was reported by the direct order. The reserve supply of exchange representing latter the same day to the Senate; it was then announced that investment purchases of sterling early in the year was. the bill would be called up on the 18th, but this was subse- practically exhausted. The Bank of England on the 13th quently changed to the 24th. On the 25th general debate reduced its discount rate from 2½ per cent to 2 per cent. began. The flood situation in the Mississippi Valley greatly The discount rate in the open market m London for sixty to, improved, the water receding so as io permit the beginning ninety-day bank bills dropped to½ of one per cent, closing of cotton planting on the previously submerged land. In at 1 per cent. The price of silver in London declined from the cas6 against the Cincinnati New Orleans & Texas Pacific 28 3-16d. per ounce on the 1st to 27%d. on the 31st. and other Southern roads, the United States Supreme Court rendered an important decision denying the right of the JUNE.-Current Events.-A very hopeful feeling developed Inter-State Commerce Commission to fix rates. The Court during June. Secretary Gage in two speeches promised for refused the application for a re-hearing in the Trans-Missouri the .A.dminil!ltration that the work of currency reform would freight cases. Governor Black on the 5th signed the charter be faithfully carried out. The crop situation became quite for the Greater New York. · He also signed the Anti-Trust favorable after the backward weather of the spring and the bills, but vetoed the Dudley Graduated Inheritance Tax floods in the South. In the stock market a pronounced rise bil~. The Attorne)'."-General at AlI:>any began proceedings in prices occurred. An additional stimulating factor in agamst the anthracite coal compames under the new Anti- this case was the announcement that the Chicago & North Trust laws. Iron and steel prices were very low-steel Western would take action similar to that of the Lake Shore billets selling at Pittsburg at $13 75. The Agricultural and New York Central, and refund its high-rate bonds in adBureau a Washington reported a very low condition for vance of maturity. 1n the dry goods trade thepriceotprint winter wheat, namely 80·2 May 1. In the general agricul- cloths advanced from 2 7-16 cents to 2½ cents per yard. tural situation unseasonably cool weather was an unfaV'Or- The Agricultural Bureau at WaS"hington made the condition able feature. The price of print cloths at Fall River dropped of winter wheat June 1 only 78·5, but by July 1 the average to 2 7-16 cents per yard. A curtailment resolution was was 81 2. The condition of spring wheat improved from adopted by some of the Southern manufacturers of cotton 89·6 June 1 to 91 ·2 July 1. The exports of gold continued, at a meeting in Charlotte on the 15th. A strike of the but not on a large scale, the net outflow for the month from. garment makers in the tailoring trades in New York and the United States being $6,533,620. President McKinley on vicinity was a local event affecting adversely the woolen the 16th submitted a treaty for the annexation of Hawaii to goods trade. On account of poor business the Third National the United St&tes. In the Senate the treaty was referred Bank of this city went into liquidation, its accounts being to the Committee on Foreign Affairs. Japan lodged a pro-taken over by the National City Bank. At Washington Mr. test against the annexation. In Great Britain the Jubilee Elverton R. Chapman, who had refused to answer questions celebrations in commemoration of the completion of the before the Senate Committee in the Sugar investigation of sixty-years' reign of Queen Victoria attracted much at-1894, was forced after many appeals to serve a term in tention. Barney Barnato, the South African ''Diamond prison, but Mr. Henry 0. Havemeyer and John E. Searles, King, " committed suicide. who had been indicted for the same offense, were brought Railroad Events and Stock Exchange Matters.-The courseto trial and by order of the judge acquitted. of Stock Exchange values was almost uninterruptedly upRa·i lroad Events and Stock Exchange Matters.-On a small wards duri•g June. The granger properties were leaders in Tolume of business prices developed growing strength on the the upward mov~ment. Comparing closing prices June 30, Stock Exchange, the granger properties leading in the and May 29, Burlington & Quincy advanced 6% points, St. movement. St. Paul common sold at 71¾ on the 1st and at ~.P aul oommon 6% points, Rock Island 7¾, while North West .. 76 on the 29th; Rock Island at 61 ½ on the 3d and at 66% on the common on the news regarding the refunding plan rose 9~i 29th, and Louisville & Nashville at 43 on the 1st and at 46¼ points. The trunk-line properties we:re less prominent in_ on the 29th. Central of New Jersey dropped to 68¼ on the the rise. and Cleveland Cincinnati Chicago & St. Louis Mth, the lowest price since 1887 ; Missouri Pacific on the passed the dividend on its preferred shares. U. S. Rubber6th touched 10, the lowest figure on record. Western Union reduced its dividend on the preferred stock. Two newlyreon the 7th sold at 75% , the low point of the year. Some of organized companies announced their first dividends-thethe Baltimore & Ohio bond issues sharply declined on re- Oregon Navigation on its preferred stock and the St. Louie,. ports that tbe June coupons would not be paid by the re- & San Francisco on its 1st preferred. The Illinois Legislaceivers. The decision of the U. S. Supreme Court on the ture passed a bill, which received executive approval, allow24th denying the right of the Inter-State Commerce Com- ing the Chicago Gas companies to consolidate. Mr. Samuel! mission to fix rates had a stren~thening influence on prices. · M. Felton was appointed receiver of the Columbus Sandusky The Chicago & Alton reduced its dividend from 8 per cent & Hocking. The s ,iit to enjoin the construction of the per annum to 7 per cent. The Illinois Central announced Montgomery extension of the Mobile & Ohio was withdrawn. two issues of 3½ per cent bonds to finance operations con- The U.S. Court of Appeals in a suit against the Nationa1 nected with the acquisition of the Chesapeake Ohio & South- Wall Paper Company decided that good will is property fer western and St. Louis Alton & Terre Haute roads. The Atlan- which stock may be issued. A receiver was appointed for tic & Pac. was sold in foreclosure and purchased in the interest the Centralia t£ Chester. Judge Sjmonton in the U. S. of the Atchison. The U. S. Supreme Court decided the Circuit Court at Raleigh, N. C. , re-affirmed his order issued Berliner pa.tent case in favor of the American Bell TeJe- in April decreeing a sale of the Cape Fear & Yadkin Valley phone Company. The Northeastern RR. of Georgia was road as a whole-and the sale took place. The Kansas Centurned over to Rufus Reaves , the agent of the State, on tral was sold at auction. The Toledo & Milwaukee RR. was account of the default of the lessee, and bids invited for the incorporated to take over the Michigan division of the old purchase of the road. The Middle Tennessee & Alabama Cincinnati Jackson & Mackinaw; the Ohio division was rewas sold at foreclosure, also the Utah Central, the Carolina organized as the Cincinnati Northern. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis RE'l'ROSPECT. The .Money Market.-The plethora of ]oanable funds further increased in June, notwithstanding the gold shipments, and rates for loans in some instances dropped to still lower figures. For call money on the Stock Exchange the rate once or twice touched 2 per cent, but the transactions were mainly at 1 to 1¼ per cent, and banks and trust companies generally loaned at the Stock Exchange figures. On time the rates declined to 2 per cent for 60 to 90 days, 2½ per cent for four months and 3 per cent for five to seven months. For commercial paper the rates declined to 3 per cent for sixty to ninety-day endorsed bil1s and 3@3½ per 0ent for first class and 4@4½ per cent for good four to six months single names. P'oreig,,. Exchnnge, Silt•er, Etc.-The foreign exchange market during June was steady and devoid of important features. In the rates for actual business the changes were very few. On the 1st sight bills and cable transfers were advanced one-quarter of a cent; this was followed on the 16th by an advance of the same amount in long sterling, on the 17th by an advance in sight sterling and cables, and -on the 18th by a further advance of a quarter of a cent in long sterling, while on the 29th there was a reduction in all classes of bills of one-quarter of a cent. Actual rates at the close were 4 86@4 86¾ for sixty-day, 4 87@4 87¼ for sight and 4 87¼(m4 87½ for cable transfers. Gold exports continued, as stated above. In London the open market discount rate continued to rule at less than one per cent. On the Continent rates were a little stiffer, with discounts in the open market -at Paris 1½ per cent and at Berlin and Frankfort 2,½<a3 per cent. Silver fluctuated within a narrow range, the price on the 30th being 27 9-16d. per oz., against 27%d. on the 1st. JULY.-Current Everds-The hopeful feeling continued to grow and develop, and on the Stock Exchange there was a great revival of speculation at steadily rising prices. There was but one important adverse development, namely the strike of the bituminous coal miners. This began on the 6th of July and lasted until about September 15. Its effects were felt chiefly in Western Pennsylvania and in Ohio, Indiana and Illinois. Efforts to get the West Virginia minerR to join in the strike failed. The close of tariff legislation was a leading favorable event. The U.S. Senate passed the tariff bill on the 7th [it had passed the House on March 31] by a vote of 38 to 28 after having materially amended it. On the 8th the House having refused to concur in the amendments, the bill was sent to a Conference Committee, which had difficulty in adjusting the differences between the two Houses, particularly in regard to the sugar schedule. A new sugar schedule was finally agreed upon, and on the 19th the Conference report was submitted and adopted by the House the same day by a vote of 185 to 118. The Senate adopted the report on the 24th by a vote of 40 to 30, and the bill was immediately signed by the President, becoming a law a little after 4 o'clock on that day. President McKinley then sen~ a message (held in readiness for the purpose) to Congress, urging the appointment of a nonpartisll.n commission to make recommendations as to the changes necessary in our currency and banking laws. The House acted on the suggestion by passing a bill (the vote being 124 to 99) providing for such a commission, but the Senate referred the message to the Finance Committee without action. Congress adjourned on the night of the 24th. The crop situation grew steadily more favorable here. Abroad there were all the indications of a marked shortage. In France the harvest was very demcient; in the Danubian Provinces storms and floods had done great damage to all crops; Australia and India were still suffering from the previous year's drouth, Argentina was buying "seed" wheat in this country, and Brazil (which ordinarily relies on Argentina for its supplies) was also engaging wheat here. The price of wheat went up from 701/s cents June 30 (for the September option) to 81%. cents on July 31. Judge Chester at Albany declared the New York Anti-Trust laws unconstitutiona1. The Klondike gold discoveries in Alaska and British Columbia caused a rush of fortune seekers to that part of the world. A sharp decline in silver occurred, the price on the 28th dropping to 26 5-16d. per ounce. The Committee on Foreign Relations of the United States Senate made a favorab]e report on the Hawaiian Annexation Treaty, but the report was not called up. Gold exports were comparatively small. 1'ailroad Event.~ and Stock Exch(Jnge Llfatter.~.-The torn~ on the Stock Exchange during July became positively buoyant. The range for St. Paul common w::is from 81¾ to 89, for Rock Island 73 to 831/s and for Burlington & Quincy 81~4' to 89¾, the highest points being reached towards the close of the month. The range for Central New Jersey was from 82½ to 91½, for Delaware & Hudson 109½ to 119_¾. Other classes of stocks we1·e no exception to the rule. Amer. Sugar Refining common, influenced by tariff legislation, rose from 125% July 1 to 146¼ July 20, leading to the failure of Decker, Howell & Co. 'l'here was also a lively speculation in gas stocks. Great Northern Railway increased its quarterly dividend from 1¼ to 1½ per cent and the Rio Grande Western declared a 4 per cent stock dividend on its preferred shares. The Baltimore & Ohio defaulted July 1 on a number of issues of bonds on which interest had previously been paid by the receivers. The directors of the Chicago & North Western gave formal approval to the plan for refunding the company's debt. Under the change in the Lehigh Valley man- https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 9 agement Mr. Alfred Walter succeeed Elisha l'. Wilbur as President. The Summit Branch was sold at foreclosure; also the Wilmington Newbern & Norfolk. The Evansville & Richmond was taken out of the hands of the receivers. The Stock Exchange continued its old "ticker " arrange• ments. The Mone•, Mm·ket.-No change occurred in the money market. On call at the Stock Exchange the rate was ge•,erally 1@1¼ per cent, though some very small amounts loaned as high as 2 per cent. Banking institutions as a rule loaned at the Stock Exchange rates. On time some of the banks manifested reluctance to lend for long periods, expecting that reviving business and speculation must bring higher rates; but quotations remained much the same at 1½ per cent for sixty days, 2 per cent for ninety days, 2½ per cent for four and 3 per cent for five to seven months. Some very choice single name commercial paper maturing in March, 1898, was sold early in the month at less than 4 per cent. The regular quoted rates at the close were 3½ per cent for sixty to ninety-day endorsed bills and 3¾@4 per cent for first-class and 4½@5 per cent for good four to six months single names. Foreign .l!Ja-charige Silt-er, Etc.-The foreign exchange market again showed great steadiness. In the rates for actual business there was a decline of one-quarter of a cent early in the month, but this was recovered on the 9th, and thereafter the only change was an advance of one-quarter of a cent an the 23d to 4 86¼@4 66½ for sixty-day bills, 4 b7¼@4 81½ for sight and 4 87½@4 87¾ for cable transfers. The advance in prices on the Stock Exchange led to considerable selling of European holdings of our securities, and this induced a demand for exchange by the arbitrage houses. There was also a demand for remittance for sugar, coffee, wool, and other imported goods. There was some selling of exchange in anticipation of lower rates later in the season. The demand for bills being active, several millions gold were exported towards the close of the month. Discount rates at the European financial centers continued to rule very low, being at the close 13-16 of 1 per cent at London, 1½ per cent at. Paris and 2% per cent at Berlin and Frankfort. As stated further above, a sharp break occurred in the price of silver to the lowest point on record up to that time. AUGUST.-Current Evnits.-A further great advance in the price of wheat occurred, the September option touching $1 06¾ on the 23d, while cash wheat sold several cents higher. The close on the 31st was at 961/s cents, against 81¾ cents onJuly31 and 701/s cents on June 30. The Agricultural Bureau at Washington made the condition of spring wheat August 1 86·7, against 91 ·2 July 1, but against only 78·9 August 1, 1896. The condition of corn August 1 was reported 84·2, against 96 in 1896 The export demand for grain was enormous. Trade revival made further progress and improvement was visible on every side. On the Stock Exchange the rise in prices reached the proportions of a " boom;" stock sales were 11,435,248 shares. or more than in any month of any year since December 1886. The price of print cloths advanced from 2½ cents per yard to 2% cents, and stocks of goods were reduced from 1,n40,000 pieces to 1,167,000 pieces. Silver took a further plunge downward, dropping to 23¾d. per ounce, much the lowest figure on record ; the close was at 24d. The possibility of a drain of gold to the United States, to pay for breadstuffs purchases here, was somewhat anxiously discussed in Europe. Om· foreign exchange market broke sharply, checking gold exports. Aa unusual movement was the shipment of gold from Australia to San Francisc~ at the time that exports were in progress from ~ew York to Europe. Railro(Jd Events and Stock Exch•in')e Matter.~.-The activity and rise in prices on the Stock Exchange continued and reached extraordinary dimensions. The stock sales amounted to 11,435,248 shares, the largest for any month in neatly eleven years. and the dealings in bonds amounted to $73,109,400, the largest since May 1895. Burl. & Quincy sold at 87½ on the 2d and at 99¼ on the 16th, Rock Island at 81¾ (on the 2d) and 91% (on 31st), ~t. Paul common at 87½ (2d) and 96 (30th), New York Central at 101½ (2d) and 109¼ (26th), and Louisville & Nashville at 55% (2d) and 62% (31st). The specialties in many instances were even more consoicuous than the standard stocks. Buffalo Rochester & Pfttsburg declared a dividend of one per cent on its preferred stock, the first since Feb., 1893; the Canadian Pacific increased its semi-annual dividend from 1 to 1½ per cent, and the Atlantic & Danville made}ts tirst dividend (one per cent) on its p1·eferred shares. The Oregon Short Line declared 4 per cent on its income A bonds, the Central of Georgia 2¼ percent on its 1st preference incomes and the Kansas City Memphis & Birmingham 2 per cent on its incomes. The companies in the Chicago Gas Trust were co• solidated under the name of the People's Gas Light & Coke Co. Chas. S. Mellen was appointed to succeed President Edwin W. Winter of the Northern Pacific, resigned ; Daniel S. Lamont was elected Vice-President. The Pennsylvania Company floated $5,000,000 of 3½ per cent stock trust certificates guaranteed by the Pennsylvania RR. 'l he Money Mar ket.-Stock Exchange speculation and the improvement in business had no effect on the money market except to slightly advance rates for time loans. There was no considerable demand for money from the interior until towards the close of the month; the call from the South was 10 RETROSPEOT. delayed by the lateness of the cotton crop The call loan rate on the Stock Exchange did not go above 2 per cent, and the early part of the month most of the loans were at 1 per cent. Banks and trust companies quoted 1 per cent as the minimum at the month's beginning but 1½ per cent at the close. In time loans there was a good inqmry for long-date contracts, and some business at one time was done at 4 per cent for four months and 4@4½ per cent for six months; but about the 20th rates again fell off, and at the close quotations were 2½ per cent for sixty days, 3 per cent for ninety days to four months and 3½ per cent for five to six months. Offerings of commercial paper increased, and rates advanced fractionally with time loans, being at the close 3;4 @4 per cent for sixty to ninety days endorsed bills and 4@4½ per cent for first-class and 4¾. @5 per cent for good four to six months single names. Foreign Exchan{Je, ~ ilver, Etc.-The foreign exchange market weakened very decidedly during Au~t. There were large offerings of bills against grain shipments and also some drawings of bills by bankers against expected shipments of grain and provisions later in the season. Rates on the 13th on actual blliliness were 4 83½@4 83¾ for sixty days, 4 85½@4 ~5¾ for sight and 4 85¾@4 86 for cable transfers. This was the low point for the month, the decline from July 31 being 2¾ cents for -sixty days and 1¾ cents for sight bills and cables. There was a very good demand to remit for securities sold here for European account and on the 20th rates were advanced }4' cent all around, but on the 24th this was lost again and there was no further change save an advance of one-quarter cent in the rate for cable transfers on the 31st. A little gold was exported early in the month, but on previous engagements, and with the decline in foreign exchange, there was talk of gold imports. In the open market London rates rose from 13-16 to 2 per cent, and there was also a hardening at the Continental centers, the rate at Paris being quoted at 1½ and at Berlin and Frankfort 2%, per cent. Silver was very weak on the absence of any considerable demand from any quarter and the price in London dropped from 26%d. to 23¾d., closing at 24d. Canovas del Castillo, Prime Minister of Spain, was assassinated by an Anarchist. The visit of President Faure · of France to Russia, resulting in reports of an alliance between the two countries, attracted much attention. England had to meet an uprising of the tribesmen on the IndiaAfghanistan border. SEPTEMBER.-Ourrent Events.-Thestrike'of the bituminous coal miners, which had been in progress since July 4 and in which about 150,000 men were engaged, was finally adjusted in September. .On the 11th a proposition of the Pittsburg operators to make the scale 65 cents per ton in the Pittsburg district was accepted at an inter-State convention of the miners. The men had demanded 69 cents. The previous scale was 60 cents, but just before the strike on account of demoralization in the coal trade wages had got down to only 54 cents. By the 15th or 16th the men were generally back to work, except io Northern Illinois. In the anthracite region a local strike led to a collision on the 10th at Latimer, near Hazleton, Pa. , between the strikers and the Sheriff and his deputies, at which 24 persons were killed and many more wounded. This strike, however, did not last very long. In the South an outbreak of yellow fever in Mississippi and Louisiana proved very disturbing. The disease had prevailed at Ocean Springs, Miss., all through August, but had been diagnosed as dengue fever. The announcement of its true character was made on the 6th. Severe quarantine restrictions immediately followed. At New Orleans several of the roads abandoned running ~enger trains into the city. While trade revival (except m the South) made steady progress, the speculative spirit suffered a setback. There was a severe break in both the stock market and the grain markets. After the reaction in wheat towards the close of August, the December option sold up to 1 03 again on September 10, but the closing price on the 30th was only 92% cents. The Agricultural Bureau made the average condition of wheat September 1 (spring and winter) 85·7, against only 74·6 last year. Corn showed considerable deterioration, but at 79·3 gave assurance of a fair average crop. The oats crop was reported 84·6 against 74·0 in 1896. A notable event of the month was the publication of a letter addressed on July 29th by the Governor of th€' Bank of England to the Chancellor of the Exchequer, saying the Bank was prepared under certain conditions to hold one-fifth of its reserve in silver in accordance with the permission given in its charter. This announcement caused intense dissatisfaction in the English financial world, and at a meeting of London bankers on the 22d resolutions strongly protesting against such a course were passed. In the silver market the effect was to raise the price of silver from 23¾ pence per ou,nce_on the 1st to 27¼ pence on the 20th, the price dropping back, however, to 25½d. by the 30th. Some little uneasiness was eaused by a report, subsequently denied, that General Woodford, the United States Minister to Spain, had presented an ultimatum to the Duke of Tetuan, the Spanish Minister for Foreign Affairs, to the effect that if the war in Cuba was not terminated by the end of October the United States would intervene. The conservative Ministry under the premiership of Azcarraga later in the month resigned, and was succeeded in October by a Liberal cabinet under Ute leadership of Senor Sagasta. Some of the New York https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis banks began tae import of gold from Europe. The United States Attorney-General rendered an opinion. that the 10 per cent discriminatin$' duty in the new Tariff Law did not apply to foreign goods imported into the United States through Canada. The India Council suspended the sale of its bills, as noted below. Railroad Events and Stock Exchange Matters.-A severe reaction occurred in the stock market during September. The early part of the month the highest prices of the year were reached, but after that a steady and almost uninterrupted decline set in. Rock Island sold at 97¼ on the 20th and at 89% on the 29th; New York Central at 115½. on the 16th and at 108½ on the 30th; Louisville & Nashville at 63½ on the 3d and at 57% on the 30th, etc. Advancing money rates and the possibility of trouble with Spain regarding Cuba were used as arguments to explain the reaction, but the real reason for the decline seems to have been extensive realizing by holders, home and foreign. The yellow fever affected Southern roads adversely. The share sales on the Stock Exchange were in excess of the total for August, and at 13,142,160 shares came near breaking the best previous record, reached in November 1885. Atchison declared 3 per cent on the new adjustment incomes; Milwaukee & St. Paul declared 3 per cent payable in October on its common shares, against 2 per cent at previous semi-annual dates, and Rock Island increased its dividend from 2 per cent per annum to 4 per cent. An a~reement between the opposing committees for the reorga o1zation of the Oregon Improvement Company was reached. The building of the Kansas· City Pittsburg & Gulf was completed to Port Arthur. The Colorado Midland was sold under foreclosure; also the Lancaster & Hamden, the Delaware River & Lancaster, the Emittsburg, and the Cuyler & Woodburn. The Central Pacific arranged for the extension of its 1st mortgage bonds due Jan. 1, 1898, pending an adjustment of its relations with the Government. The Money Market.-Reviving trade and the demand for money for crop purposes made their influence felt in higher money rates. There were large shipments of currency to the interior, and the money holdings of the Clearing-House banks were diminished from $198,766,700 August 28th to $172,3;36,500 September 25th, and the surplus reserve from $39,517,700 to $15,997,500. On call attheStockExchangethE' rate touched 4 per cent, while banks and trust companies marked up their minimum to 3 per cent. On time rates at the close were 3 per cent for sixty days, 3½ per cent for ninety days, 4 per cent for four and 4½@5 per cent for five to six months, while rates for commercial paper were advanced to 4¾@4½ per cent for sixty to ninety-day double names, and 4½@5 per cent for first-class and 5@6 per cent for good four to six month~ single names. The Treasury announced that Sub-Treasuries would not hereafter receive deposits for shipments of currency at Government express rates. Telegraphic transfers, however, to Sub-Treasury points would be continued. J<oreign Exchange, Silver, Etc.-Foreign exchange experienced a further sharp decline. R'1tes were at their highest on the 7th at 4 84@4 84¼ for sixty-day, 4 86¼@4 86½ for sight and 4 86½@4 86¾ for cable transfers. On the 9th a decline began, the downward movement being accelerated by the offering of some bills against purchases of secw-ities for European account and by dearer money here. By the 21st rates were down to 4 82½@4 82¾ for sixty days, 4 84¾@ 4 85 for sight and 4 85@4 8574 for cable transfers. The figures on the 30th were the same as on the 21st, except that sixty-day bills were one-quarter of a cent higher. On the 22d it was announced that the National City Bank would receive $1,500,000 gold from Europe, $1,000,000 obtained in London and $500,000 coming from Genoa. Rates of exchange then apparently did not justify the importation, but it was stated that the City Bank had a credit with the Deutsche Bank of Berlin, which was being paid by a direct shipment. On the 23d a further engagement of $1,000,000 by the Hanover Bank of this city was announced. A movement of gold from Australia to San Francisco was also in progress. The Bank of France had raised its premium on gold bars and Eagles in anticipation of a demand for this country. On the 23d the Bank of England advanced its discount rate from 2 to 2½ per cent. In the open market London the discount rate rose to 2@2½ per cent and the rate at Berlin and Frankfort to 3¾ per cent. The Bank of Germany advanced its rate from 3 to 4 per cent on the 6th. The India Council on the 1st announced that its sale of bills and telegraphic transfers on India would be suspended for at least ten weeks and later invited tenders for a supply of bills on India. We have referred above t,o the sudden spurt upward in the price of silver. OCTOBER. - Current Events.-Trade became quieter in October and there was a marked subsidence of the speculalative spirit. On the Stock Exchange a decided recession in prices occurred. In the South the yellow fever proved a serious embargo on trade. Notwithstanding many local health boards instituted shot-gun patrols, the fever spread to many new places. New Orleans sufffffed most, the disease extending to all parts of the city. Cases appeared at over 40 points in the South, including Memphis and Cairo on the north, Atlanta and Montgomery on the east, Mobile on the south and Galveston and Houston on the west, but outside of Louisiana, Mississippi and Alabama, and Memphis, the disease did not gain much of a foothold. Low temperatures put R}jTROSJ:>EUT. :an end to it early the next month. The cotton mov~ment became large notwithstanding the fever, and the price of low ~iddling upland cotton declined to 5 9-16 cents by October 31, as against 6 1-16 cents Sept. 30 and 7% cents August 31. Print cloths dropped from 2% cents per yard to 2% cents. Wheat again advanced, the December option closing at $1 00¼ October 30, against 92% cents September 30. The -0ondition of the corn crop October 1 was reported only 77·1, but even this indicated a crop of about 1,900 million bushels, and the December corn option declined from 34.% cents September 30 to 31½ cents October 30. Possible complications re~arding Cuba again excited uneasiness. The new Spanish Mmistry, however, recalled Gen. Weyler from Cuba. The British Government gave its answer to the proposals of the United States Bimetallic Commission intended to secure international bimetalism. Lord Salisbury declined to reopen the Indian mints. It appeared that he had at the very outset of the negotiations in July (see correspondence in CHRONICLE of November 6, pages 850 and 851) declined to open the English mints. After a further visit to Paris two of the Commissioners on the 30th sailed for home. The import movement of gold from Europe was checked. The gold that -came in went directly into the banks, as the Treasury dedined to give legal tenders for it. The contest for the election of the first officers for the Greater New York excited g1.·eat interest, the candidates for Mavor being Seth Low, General Tracy, Robert A. Van Wyck and Henry George, the latter of whom died suddenly four days before the election. Railroad Events and Stock Exchange Matters.-Tbe reaction in the stock market made further progress. Rock Island declined from 921/s Oct. 4 to 84½ Oct. 15, Burlington & Quincy from 99½ Oct. 4 to 91½ Oct. 15, Central of New Jersey from 98¼ Oct. 4 to 90½ Oct. 28, &c. Reports of earnings were very favorable, the Burlington & Quincy for September showing the remarkable gain of 1,249,693 in gross and $662,929 in net. The United States Government gave notice to the Union Pacific Reorganization Committee that it would move to have the sale of the road set for Nov. 1 and Nov. 2 postponed until December 15. To avoid indefinite delay at the hands of Congress the Committee agreed to pay the Government claim on the main line, or Union Division, in full, -principal and interest, amounting (as subsequently determined) to $58,448,223 75; the bid for the Kan.sas Pacific Division, however, being withdrawn, the sale of this latter was thereupon postponed. The reorganized Norfolk & Western declared its first dividend on its preferred stock. Mr. Edward D. Adams resigned as Chairman of the Board of Directors of the Northern Pacific and the office was abolished. Default was made in the payment -of the October coupon of the Philadelphia Newtown & New York, formerly guaranteed by the Reading. The .first mortgage bondholders of the Consolidated RR . . of Vermont adopted the plan of reorganization under which the Grand Trunk of Canada is to have the entire stock of the reorganized company. The Millen & Southern was sold at fore-closure; also the Richmond Nicholasville Irvine & Beattyville. Justice Field having announced his imention to retire, argument by the U.S. Supreme Court in the case of the Joint Traffic Association was postponed until January, and later until February, so as to have the hearing before a full bench. The Rio Grande Western announced a resumption of cash dividends. President Pullman, of Pullman's Palace Car Company, died suddenly. Bay State Gas, after increasing its stock from $15,000,000 to $25,000,000, then to $3/l,000,000, in September made another sudden increase to $50,000,000. The Chicago & West Michigan announced that the November coupon on the Chicago & North Michigan 5 per cent bonds would again be paid half in cash and half in scrip. The New York Railroad Commissioners dismissed the case of Mortimer Hendricks against the Manhattan Elevated alleging the payment of unearned dividends. 1 he Money Market.-The money market again relapsed into a condition of great ease, and rates for all classes of loans declined. At the close call loans on the Stock Exchange were made at 1½@2½ per cent, while the minimum at banks and trm~t companies was 2½ per cent. On time contracts the rate declined to 2½ per cent for sixty days, 3 per cent for ninety days, 3½ per cent for four months and 3½@4 per cent for five to six months. In the commercial paper market a feature was purchases for account of a prominent Chicago bank. Quotations at the close were 3¾@4 per cent for sixty to ninety day double names and 4@ 4½ per cent for the best four to six months' single names and 4½@5 per cent for good grades of the same class. The demand for money from the interior slackened considerably · after the first week, and the return movement of currency finally exceeded the outflow. The banks also gamed on the operations of the Treasury (Government receipts still falling considerably below disbursements), and they likewise gained through the gold imports. Foreign Exchange, Silver, Etc.- Foreign exchange was easy the early part of the month, anp further engagements of gold for import were announced, but later rates rose and imports ceased. Europe lost the metal unwillin~ly, and the price of gold bars and American Eagles was raised in London, just as it had been the previous month in Paris. On the 14th the Bank of England put up its discount rate from 2½ to 3 per cent, and to make it effective borrowed large amounts of money in the open market. Foreign houses also borrowed money here through the drawing of ninety-day bills of exchange, which they pledged with banks and trust https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 11 companies as collateral for loans, thus taking advantage of our low money rates. In Berlin the Bank of Germany raised its discount rate from 4 to 5 per cent as early as the 11th. Rates for actual business Oct. 1were482½@4 82¾ for sixty day bills, 4 84½ra4 84¾ for sight and 4 85@4 85¼ for cable transfers. On the 14th rates for the three classes of bills were respectively 4 82@4 82¼, 4 84¼@4 84½ and 4 84¾@ 4 85. A decided advance then followed, and on the 25th ratesstoodat482¾@483, 485½<aJ485¾ and486@486¼. At the close prices were 4 82¼@4 ~2½, 4 85¼@4 85½ and 4 85¾' @4 86. Besides the gold arrivals at New York, gold came in at San Francisco from Australia; the net inflow of gold at all ports was about 11½ million dollars. The open market discount rate in London at the close of the month was 3 per cent, at Paris 2 per cent and at Berlin and Frankfort 4~:( per cent. Silver showed an advancing tendency, and was 27½d. per ounce Oct. 30 against 25½d, Sept. 30. NOVEMBER:-Current Events.-The yellow fever in the South gradually disappeared durmg November, under the influence of frosts and low temperatures. The situation regarding Cuba and Spain also improved. The action of the Chamber of Commerce on the 4th in urging the strengthening of our coast defenses probably had no reference to the Cuban question, but this action, together with the appearance the next day of a letter from Hannis Taylor, our former Minister to Spain, advocating vigorous steps in support of Cuban independence, precipitated a sharp break in the stock market on the 5th. The later developments, however, were all favorable. The reply of the Spanish Government to the representations of our Government was found to be quite pacific; General Blanco, who had been appointed to succeed General Weyler, took active command in Cuba and inaugurated a more humane policy ; the "Competitor" prisoners were released; and at the same time the scheme for giving an autonomous administration to Cuba was promulgated. The November elections resulted quite generally in diminished majorities for the Republican party all over the country, but were not taken to indicate any weakening of the sound-money sentiment; the speech of Secretary Gage at the annual dinner of the Chamber of Commerce, on the 23d, was entirely assuring. as reflecting the intention of the Administration to press the question of currency reform. At the municipal election in New York Robert A. Van Wyck, the Tammany Hall Democratic candidate for Mayor, was successful. Trade was rather quiet, but railroad earnings showed strikingly large ratios of gains the first half of the month-24 per cent the first week, 19 per cent the second week. Iron and steel prices declined in several instances ; the output of pig iron the 1st of the month was 213,159 tons per week. The price of print cloths dropped still lower to 2¼ cents per yard ; stocks of cloth kept accumulating, while the raw cotton made another decline, low middling uplands being quoted at only 5_% cents per pound at the close. The Reorganization Committee of the Union Pacific bought the U. P. main line at foreclosure, bidding the full amount of the Government claim, principal and interest-namely, $58,448,223 75, $18,194,618 26 of this being for the securities and moneys ($13,645,250 securities and $4,549,368 26 money) in the sinking fund. For the 1st mortgage (preceding the Government lien) the priCP, · paid was $27,637,435. Payments amounting to 16 million dollars were made on account of the purchase without disturbing the money market. The money was by previous arrangement placed in depositary banks specially designated for that purpose, the National City Bank getting the larger part of it. This latter institution, which in the spring had absorbed the Third National, gained business in a noteworthy way, and Nov. 27 reported $84,769,100 of deposits, the amount being later in the year (December 11) increased to $94,094,000. During the month also the Western National Bank absorbed by purchase the United States National, and the Uhase National gave notice of a proposed increase in its capital from $500,000 to 1,000,000. The Treasury gold balance was maintained at a high figure (being 157,363,851 November 30), notwithstanding a continued deficiency in Government revenues. Abroad the India Council announced a further suspension of the sales of Council drafts. Railroad Events and Stock fi'.JXchange Matters.-The stock market early in November continued very weak, and on the 5th, on fears of complications growing out of the Cuban situation, a fui·ther sharp break in prices occurred. Later in the month part of the early loss was recovered, the market showing firmness on the good returns of railroad earn ings. Transactions were small throughout, the share sales on the Stock Exchange aggregating only 5,815,739 shares. The Union Pacific main line was bought by the Reorganization CoUJmittee, as announced above. Messrs. J. P. Morgan & Co., Brown-Bros. & Co., and Baring, Magoun & Co invited deposits of the co l solidated mortgage 5 per cent bondsof the Baltimore & Ohio. The Appellate Division of the New York Supreme Cc,urt upheld Judge Chester in vacating the order for the examination of. the presidents of the anthracite coal roads, under the Lexow Anti-Trust laws, but the constitutionality of the laws was not passed upon. The U. S. Supreme Court announced a decision against the InterState Commerce Commission in a case involving the construction of the long-and-short-haul clause of the Inter-State law. The Chicago & Southeastern of Indiana went into receiver's hands. The Lake Erie Alliance & Southern was RETROSPECT. reorganized as the Ohio River & Lake Erie. The Oregon Improvement was sold at foreclosure; aJso the Franklin & Megantic. In the Memphis & Charleston foreclosure proceedings an unexpected turn occurred, the consolidated mortgage being paid off. Separate receivfffS were appointed for the Sandusky Mansfield & Newark, operated under lease by the Baltimore & Ohio. The Mone.ii Mnrket.-The large payments connected with the Union Pacific foreclosure and purchase were so carefully manageC: that the money market was not in the least disturbed. Besides the $4,364,525 put up before the sale, which occurred on Nov. 1 and Nov. 2 ( 1,000,000 being on account of the 1st mortgage lien), the payments during the month were $4.000.000 on the 6th and $12,280,725 on the 22d. The Clearing House in this month began to make returns of the non• member banks. Call loans at the Stock Exchan~e were made generally at 1½@2 per cent, and that was al~o the range at banks and trust companies at the close. On time rates declined to 2½ per cent per annum for sixty day loans, 3 per cent for three to six months and 3½ per cent for longer date . For commercial paper rates at the close were 3 per cent for sixty to ninety-day double names, and 3@3½ per cent for prime and 4@4½ per cent for good four to six months single names. Some six months Eastern mill paper sold at 2~4 per cent. Foreign Exchange, Silver, &c.-There was considerable investment buying of excJ:.ange, to take advantage of the low rates of interest here and the high rates abroad, the Chicago banks among others being reported as employing money in that way. This made an active demand for long sterling. At one time early in the month an inquiry was noticeable to remit for goods imported early in the season. In the rate8 for actual business there was an advance of one-q~arter _of a cent on the fhst da_y of the month. to 4 82½@4 82¾ for sixty day,4 85~f@4 85¾ for sight and 4 86 @4 86¼ for cable transfers. The tendency the rest of the month continued upwards, though there were occasional reactions, and the close was at 4 83;4@4 83½, 4 6@4 86¼ and 4 86 ¼@4 86½ for the three classes of bills. There were no gold imports from Europe, but some gold came in at San Fmncisco from New South Wales. The India Council announced that it would pmitpone the sale of its drafts for at least four weeks longer. The price. of silver declined sharply early in the month, touching 26%d. per ounce on the 4th, but it subsequently advanced and closed at 27½d. In Austria extraordinary disturbances occurred in the Reichsrath, completely blocking legislation and threatening the di ruption of the Austro-Hungarian confederation. A ministerial crisis re~mlted, the Badeni Ministry resigning. Germany dispatched a squadron to the Chinese Coast, ostensibly because of the massacre of German missionaries, and took possession of a Chinese port. The open market discount rate in London at one time got down to 2.¾ per cent, but subsequently advanced to 3 per cent again. At Paris the rate 1·emained at 2 per cent, while at Berlin and Frankfort there was an advance to 4%@4½ per cent. DEOEMBER.-Current Events.-No essential change in conditions occurred during December. Congress proved less of a disturbing influence than usual dm·ing the opening month of the session. The recommendations of President McKinley and Secretary Gage regarding currency matters naturally attracted much attention. ·1he Secretary's ideas were subseQuently embodied in a bill which received consideration 1:>y the 'House Banking and Currency Committee. The bill was severely criticised in an open letter by enator Chandler of ew Hampshire. This led to a report that Mr. Gage had tendered his resignation to the President. The report appears to have had no other foundation than a remark made by Mr. Gage to Mr. McKinley that if the President at any time found. his presence in the Cabinet embarrassing hew hou]d be glad to resign his position. Regarding Cuba the President's message was pacific. Iron production December 1 was 226,024 tons per week, breaking all previous records. Prices for iron and steel products remained low, but were well maintained. In the cotton goods trade the situation reached an acute stage, owing to the accumulation of stocks and the lack of profits. Notices of a reduction in wages to take effect January 3, 189 , and amounting to about 10 per cent at Manchester and variou other mill centres and to 111-9 per cent at Fall River, were given to the operative . The , rice of cotton stiffened a little, the low middling upland grade rising from 5% cents to 5½ cents per pound. Wheat values ruled high, cash wheat closing here Dec. 31 at $1 01~~- In Chicago an effort to corner the December option resulted in Joseph Leiter being obliged to take and pay for about 9,000,000 bushels of wheat. In orthern Illinois the bitummous coal miner who had been on strike o long resumed work December 1. The India Council on the 15th resumed the 1itale of it bills and telegraphic transfers, after a complete uspension of sales for fourteen weeks. Money rates here improved, and there was a resumption on a small scale of gold imports from Europe. In China there were interesting developmwts, Germany, Russia and France being evidently intent on appropriating Chinese territory, while England and Japan on the other hand seem inclined to resist encroachments. The AppelJate Division of the New York Supreme Court confirmed the report of the Rapid Transit Commission in favor of building the underground road, but imposed as a condition a contractors' indemnity bond for $15,000,000. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Railro1,d Events an"l Stock Exchange Matter.~ -Busin,ess on the Stock Exchange was rather limited, but the tone was very strong 3.nd the tendency of prices was upward, though the market at times was a little irregular. The Northern Pacific announced its first quarterly dividend of 1 per cent on the new preferred stock. The St. JoseJ?h & Grand Island made its first dividend (2½ per cent) on its first preferred shares, and the Rio Grande Western declared an extra dividend of 1 per cent in addition to the ¾ of 1 per cent regular quarterly payment. The Cleveland Cincinnati Chicago & St. Louis announced a resumption of dividend~ on its preferred shares. The sale of the Kansas Pacific Division of the Union Pacific was postponed until February. · The Chicago Rock Island & Pacific made a large sale of bonds under its refunding scheme. A syndicate was formed to take up ths $8,60'>,000 Atchison Guarantee Fund notes. The Oregon Railroad & Navigation arranged to convert its $4:,451,000 first mortgage 6s, due in 1909, into 4 per cent consols. The Joint Traffic case was re-assigned for argument and the date fixed for Feb. 21, 1898. The Attorney General at .Albany filed notice of appeal from the decision of the Appellate Division vacating the order requiring the Presidents of the anthracite coal roads to appear for examination under the Lexow Anti-Trust Law. The Seaboard & Roanoke and the Southern Railway harmonized their differences. The Memphis & Charleston reorganization was modified with the view to merging the road in the Southern Railway. The United St 1tes Court of Appeals sustained Judge Showalter in enjoining the Indiana three-cent-fare law. The St. Loui & San Francisco purchased the Central Division of the Atlantic & Pacific at foreclosure. The Atlantic Coast Line purchased the entire capital stock of the Charleston & Western Carolina. A receiver was appointed for the Columbia & Maryland Railway; also for the Lawrence & Emporia. The Louisville & St. Louis R. R. was sold at foreclosure ; also the Excelsior Springs. 1 he .1.l1onPy Market.-On the payments connected with the purchase of the Government's interest in Union Pacific, the money market developed firmness and rates for call loans advanced to the highest figures of the year. On the 1st of the month there was a transfer of $6,000,000 cash to the credit of the Government, representing moneys previously deposited by the Reorganization Committee to qualify it to bid for the road. The Government allowed the money , o remain in bank. The Committee paid over $8,538,401 on the 6th and the same amount on the 16th. The first payment was left.with the banks, the second went directly into the United States Treasury, 88 the depositary banks had no further Government bonds to put up at that time. There was a. third payment for a like amount on the 27th, of which $4,000,000 was deposited in the National City Bank and the rest went into the Treasury. On the 24th the Treasury began the prepayment of $29,900,000 of Pacffic Railroad bonds due in January, 1898. On call the rate got as high as 5½ per cent, the close December 31 being at 3 per cent. At banks and trust companies the minimum was advauced to 3½ per cent and some banks were able to effect loans at one time at 5 per cent. On time rates rose to 3½ per cent for thirty days and 3½ @4 per cent for sixty days to six months. In commercial paper there was a rise to 3½@4 per cent for sixty to ninety day double names and 4@5 per cent for prime and 5@6 per cent for good four to six months single names. The Clearing House banks lost heavily in surplus re erve in the early weeks, but the high interest rates brought a large return flow from the interior, and the last week there was a gain of over 4¼ million dollars. At $15,788,750 the reserve compares with $33,286,950 at the close of the previous year. The decrease is entirely the result of an increase in deposits, which during the twelve months rose from $53f), 785,000 to $675,064,200. The money holdings (specie and legal tenders) were actually larger at the end of the year than at the beginning-$184,554,800, against $165,983,200. t"oreign Exchange, Silv1-r, &c.-The activity and advance in money rates in December weakened exchange. The investment demand for exchange disappeared, as bankers found it more profitable to employ their money in the loan market than to buy bills of exchange. It was also reported that a large amount of long sterling purchased sixty days before for investment had run to sight and was ~cting as a depressing influence upon the market. The decline up to the last week was almost uninterrupted and prices dropped to the lowest figure of the year, standing December 24 at 4 81¼@ 4 81½ for sixty-day bills, 4 84¼@4 84½ for sight and 4 84,¼ @4 84¾ for cable transfers, a fall in the first-mentioned bills of two cents since the beginning of the month and of 1¾ cents in the ot.hers. The last week there was ~an upward reaction which car-~. ried rates up respectively to 4 82¼@4 82½, 4 84¾@4 85 and 4 85¼~4 85½ at the close. The movements of the European Powers, in appropriating Chinese territory, had no eff~ct upon the monetary centres. The open market rate for discounts in London, December 31. was the same as the Bank rate, namely 3 per cent, while at Paris it was 2 per cent, and at Berlin and Frankfort 3~4: per cent. The bullion holdings of the Bank of England December 30 were only £30,453,493, the smallest amount since March, 1894. The price of silver .fluctuated between 25 15-16d. and 2H(d., closing at 26¾d. As stated above, tlte India Council resumed the sale of drafts on the 15th. 13 ,PECULATION. CLEARINGS A D SPECULATION IN 1897·. Bank clearings for 1897 furnish on the whole a pretty faithful index to the character and course of trade during the year. Our industries and the speculative markets as well were much more active in 1897 than in 1896, and this the records of clearings show. On the other hand the conditions were by no means all favorable. During the first half of the year the improvement in business was so slight as to be almost imperceptible; indeed many were loath to believe that there was any betterment at all. Furthermore, even •d uring the last half of the year some adverse developments were encountered and not all industries shared in the improvement. Taking the country as a whole, aggregate clearings for 1897 were 57,-103 million doilars, against 51,334 million dollars for 1896. Thus the addition to the volume of exchanges was, roughly. 6,069 million dollars. While this is large in amount, it is also quite heavy in ratio, the increase being nearly 12 per cent-in exact figures 11 ·8 per cent. More than the whole of the gain the year. The first was established the last half six months the clearings fell 566 million dollars (or 2·2 per cent) below those for the first six months of 1896. How greatly ·and generally the character of the -exhibits changed the last six months will be evident when we say that for the full calendar year only 13 places, out of 83, record diminished totals when compared with 1896, whereas for the first half-year there were no less than 60 places distinguished in. that way. When we study the figures by quarters we find that in the first quarter there was 3·7 per cent loss and in tho second quarter 0·7 per cent loss, but in the third quarter 30·7 per cent gain and in the fourth quarter 21 ·9 per cent gain. In part, but on]y in part, the showing the latter portion of the year was better than in the earlier portion because it had been poorer in that portion in the previous year, comparison being thus with diminished totals in 1896. As a matter of fact the difference on that account is not as great as might be supposed. The first quarter alone in 1896 made .an increase, namely 8·4 per cent; the other quarters .all recorded losses then, the percentageE: being 5·2 per cent in the second quarter, 9·8 per cent in the third quarter and 7·6 per cent in the last quarter. ~-'be following shows the changes from 1896 by months and quarters. of Month. -- 1897. January February March .. .. • 1896. • Clea,,naa ouu,.ie New York. P.Ot. -- 1897. 1800. • • Clearings Reported. (0008 omitted.) r~- P.Ot - 4,507,CH,72.'l 4,627,H3,291 -2'6 1,917,667,391 2,064,729,583 -7·1 3,691,,l 75, 797 4,115,i68,l~ -10"3 1,6f.6,345,6le 1,742,476,558 - 5·6 1,831,159,056 1,828,90!,685 ;--0·1 4,218,269,600 4,145,ltll,189 -+n 4,111,601,077 4,302,196,476 -4•4 l,861,8Si,Sl8 1,.108, 741,151 -2•5 4,l 7S,i61,5i2 4,240,261,974 -1·11 1,858,304,236 1,900,170,181 -2·2 4,467,762,601 4,805,283.347 +s•f 1,906.215,898 1,890,S99,608 +08 - 2d quar ... 12,752,1:-25,220 12,847,7,U,797 -0""1 6,626,354,U'i 5,600,810,940 -1"3 6months. 25,169,595,340 25, 735,614,465 -2-~ 11,021,526,51:l 11,336,921,616 -i·8 ---- ---- uly · · ••• · ,&,8ll,94El,05CI 4,376,9119,444 f9"P 1,978,029,164 1,896,609, 75i +4"3 4,8i3,636,0 5 8,562,582,134 +36"0 1,006,779,125 1,591,420,030 +19·8 Auirust. September. 5,1571,6118,840 8,712,583,659 +so·1 2,119,869,296 1,6411,54 9,466 +28"6 ---- ----- -- - - - - ----- -Sd quar ... 15,227,282,476 ll,6f2,165,237 +so·? 6,004,177,575 5,137,579,250 +16·9 II months t0,896,867 ,815 37,887,679,702 +s·o 17,025,704,087 16,41s,500,e66 +3·4 October .. 5,632,675,025 4,606,633,186 +-22·3 2,296,614.664 1,992,816,e0I! +16"2 November. Ii, 102,942,759 ,.~19,206,824 +w11 2.~71,445,329 1,93Z,S66,S80 + 176 December•. 5,970,689,082 4,720,411,72, +26"5 9,382,327,130 2,064,472,629 t15"4 4th quar•. l 7,006,306,ij66 13,9(6,251, 73i +21•9 6.950,387,123 6,9811,656,517 +16·0 Year ...... 57,403,1.18,681 51,333.~31,439 +11·8 :3,976,091,210 22,468.156,!!83 -+6''1 Arranged m groups, the Middle group records a heavier ratio of gain than any other, namely 14·0 per cent. This follows from the large gain at New York and the predominant part in the results played https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Total Year. --- • $ 7,126,471 7,1-17,931 7,688,ltl5 6,010,0M4 8,487,726 $ 9,223,105 6,614,586 7,217,060 5,580.060 6,192,6-!2 $ 10,055,863 7.956,696 9,436,717 6,859,29S 6,701,637 1,235,013 1,320,859 1,280,941 1,129,018 l,4615,69S 1,250,015 l,841,6go l,89tl,128 1,221,26U 1,409,873 1,384,097 1,199,16\l 1,344,828 1,181,0&s 1,153,057 1,507,338 1,302,776 1,570,107 1,345,6~ 1,10~.891 5,876,463 5,164,494 5,MS,999 4,877,(104 5,277,014 (1897. 1,874,075 1,272,246 1,244,912 1,197,956 1,517,491 1,422,4-7(, 1,831,185 1,383,545 1,181,18!-1,489,066 1,479,868 1,20(),966 1,381,637 1,122,197 1,121.361 1,608,103 1,446,872 1,f-81,998 1,342,052 1,277,828 5,879,5215 15,251,209 6,541,992 4,848,893 5,355,746 r897. 1896. Tot. M iddle West ern. 1895. 1894. 1893. 1,424,01( 1,596.158 1,~1.296 1,443,572 1,891,803 1.596,847 1,715,05~ 1,676,174 1,584,83f, l,8!4,696 1,713,236 1,488,115 1,633,884 1,518,187 1,356,235 1,978,822 1,636,745 1,810,028 1,692,196 1,585,856 6,712,415 6,436,075 6,651,877 6,183,298 6,678,590 1896. Total PaoUl.c..... .. .... 1895. 18\14. 1893. ~15,959 234,196 217,425 215,781 800,:!41 237,996 2~.095 234,265 228,&48 288,602 287,859 226,107 211,556 202,189 336,272 1,077,586 1164,301 268.903 963,617 275,718 905,515 249,827 232,765 1,023,847 (1897. 1896. 1695. I 189i. l1s93. 870,i!:!2 431,695 867,261 370,091 623,455 4~,02U 410,669 896,002 395.069 505,799 430,386 380,698 895,155 874,855 310,127 1561,136 478,304 509,410 452,765 411,107 1,770,383 1,701,266 1,667,828 1,6112,280 1,750,488 r897. 1800. Total Southern....... 1895. 1 1894 . 775,382 780,g61 748,5g8 706,361 855,839 710,595 tS66,157 731,959 683,818 788,44\1 719,564 6f.2,579 664,821 600,840 498,723 GM,288 856,115 916,30'~ 814,769 794,074 8,15lf.769 2,945,812 8,061,681 2,755,818 2,876,585 !:. rm. 1800. Total other Middle.... 1895. 1894. lb93. j 1896. Total New England... 1895. 189,i. l1893. r, 1st Qti&r•. 12,tl.6, 760,120 12,887,772,668 -37 5,395,172,065 5,636,lHi,676 -4•3 April....... May ..... J une ...• . .. First Third Second Fourth Quarter. Quarter. Quarter. Quarter. $ 7,021,588 ':,251,tl62 6,499,86:i ~e" York.... ...... .... 1894. 15,1138,415 L1893. 9,879,033 l MONTHLY OL&lBIN08 aua,;,.,,., 1,,111 .An. by that centre, the clearings of which increased 15·8 per cent. Buffalo is the only place in that group which falls behind. The New ·England group comes next after the Middle group, and has 12·0 per cent gain. Here the result has been controlled mainly by the showing for Boston, which bas 13·3 per cent gain. In this case it is noticeable that while every place records a gain for the twelve months, both Fall River and New Bedford have losses ior December, thus reflecting the unsatisfactory condition of the cotton· goods trade at the end of the year. The Pacific group also has a large ratio of gain, that is, 11 ·7 per cent. Here, however, San Francisco, the principal point, has only 9·9 per cent increase, while Portland, eattle and Spokane have respectively 19·0, 28·0 and 32·5 per cent increase, these heavy gains following irom the great revival in trade on the orth Pacific coast and also the bountiful hiuvests in that section and the good prices for the same. In the Middle Western group the improvement is only 4·3 per cent anJ in the "other Western" only 4·1 per cent. The South has done better than either of these, with 7·3 per cent gain, notwithstanding the low price of cotton, the floods in the early part of the year and the yellow fever in the latter part. At New Orleans, however, clearings were 10·9 per cent less than in the previous year, and losses are reported also at Memphis, Norfolk, Waco and Jacksonville. It should be added, though, that New Orleans and Memphis have gains for December, thus reflecting the greatly improved situation at the close. The following compares the clearings in the different groups by quarters for the last five years. Total other j Western. lisoo. ~.214 33,427,027 28,1370,775 29,841,797 24,387,807 81,2tsl,03S (1897. 12,410,759 12,7152,432 15,237,605 16,096,8~2 57,403,118 12,897,777 12,1:47,734 11,652,210 13,946,?11:51,833,032 1895. 11,840,288 13,508,238 12,87~.494 15,050,271 153,272,291 Total 181:lt. 11,001.19i 11,204,594 J 0,583,28 l 12,756,036,45,545,110 \.i8os. 16,438,155 14,764,211 10,834,284 12, 101,658 :a,223,sos 1 1897. 5,395,171 5, 25,961 6,014,500 6,940.459 28,976,091 1896. 5,636.115 5,iS99,803 15,137,624 5,989,615 22,463,167 _ Outside New York ••• 11895 6,340.433 6,820,073 5,65ti,434 6,613,554 23,430.494 189t. 5,062,71'2 5,1P4,560 5,003,2~3 !'>,89tS,738 21,157,303 l 1898. tS,554,122 6,276,485 4,641,642 5,490,021 22,002,270 all. ............... ~ 1896. f r897. 1896. Canada ..... ........... 1895. lF9l . 18113. l 241,060 245,678 28<',nss 22tS,535 250,(108 271,40(• 242,85:0 25,&,472 231,210 242 878 298,183 24.11,971 266,187 237,20t 242,321) 843,299 1,153,94.2 291,023 1,029,027 802,202 1,0i2,944 274,612 969,561 977,070 2-H\1164 CLEARINGS 1.4 AND It will be observed from the foregoing that for the twelve ·months the 1897 clearings are in the case of every group with one exception larger than those for the four years immediately preceding. 1'his certainly speaks well for the volume of business as a whole. On the other hand, if we make comparisons at the separate points we find a good many places which fall behind their totals for 1895 or 1894, notably Philadelphia, Chicago, Cincinnati, Detroit, Pro-vidence, Buffalo, St. Paul and Denver, as will appear from the following, giving the figures for December and the twelve months for four years. BANK OLEA.RINGS AT LEADING CITil!:1'!. (000,0008 omitted., New York ... Boston...... . Chicago ..•••. Philadelphia St.Louis •••• Pittsbur11: •.• Baltimore ... Ban Fran'co. Cincinnati..• Kansas City New Orleans Loulsvil1e ... Minneapolis. Cleveland .•• Detroit---··· Providence.. Milwaukee .. ..:>ma.ha .••••• Rnttalo .••... Columbus ... Mt, Paul. •••• Hartford .••• Denver ..•••• Total...... Other cities.. the Stock Exchange Clearing House, thus greatly diminishing the clearings on that account through the Bank Clearing House. It should also be said furthermore that since March 5 1896 the Cotton Exchangehas likewise been clearing its own transactions. However, independent of this, the cotton speculation has _been a diminishing factor in the bank clearings on account of the steady shrinkage in the volume of business. Thus in 189, the sales were only 27,220,200 bales, against 46,727,800 bales in 1896 and 51,489,700 bales in 1895. In the annexed we show the course of business on the Stock Exchange for twenty years back. ,--Decembe'I'.---- ,--January 1 to Dec. :=: 1.-NUl\fBER AND VALUE OF SHARES SOLD AT NEW YORK STOCK EXCH-lNGE 1897, 1896. 1895, 1894. 1897. 1896. 18~5. 1894 $$$$$$$St 3,588 2,656 2,910 2,3~6 33,427 28,871 29,842 24,388 · Stocks,* Av'ge Values+ Stocks,• Av'ge Values+ 468 422 422 386 5,096 4,49~ 4,758 4,148 Shares. Price (ap'roxim'te) Year. Shares. Price (ap'roxlm'te) Year. 478 394 419 387 4,576 4,413 4,615 4,315 326 271 332 304 3,223 3,162 3,556 3,OftO 1897~ ·,7.324,172 67'0 $4,978,553,061 188i .. 84,9l4,_616 61"1 U,508,778,8~ 133 113 109 104 1,367 1,159 1,244 1,12e 74 62 68 55 820 745 746 653 1896.... 54,654,096 t15"2 3,32U,9B9.940 1886 ... , 100,802,050 65"6 5,885,662,200 77 64 62 59 796 720 696 674 1895 .... 66,583,~I! 60"3 3,808,338,604 1885 .... 92,538,947 64"1 · 5,479,859,840 71 62 63 55 751 683 692 659 60 54 n5 58 627 586 6~1 643 1894 ... 49,075,032 64'2 3,094,942,769 1884 ... 96,154,971 61'77 15,939,500,000 47 50 47 42 541 ' 504 521 481 60 52 58 52 416 467 488 434 1603 .... 80,977,839 60·3 4,550,260,916 1883. ... 97,049,909 64"51 6,260,809,961 29 29 27 27 322 286 314 310 63"5 4,874,014,262 1882 ... 116,307,271 66"12 7,689,458,4S!J 52 42 42 29 415 393 373 309 1892 . . .. 85,875,092 31 25 27 23 317 299 299 245 1891.. .. 69,031,689 67'1 3,312,247,419 1881 .... 114,511,248 71•59 8,197,506,408 30 27 29 26 303 300 324 289 71,282,885 00·219,977,664,193 1880 .. - . 97,919,()\j9 69"6016,819,086,0154 24 24 26 23 267 256 281 244 1890 26 18 22 20 255 231 246 224 1889 .... 72,014,600 61'0 4,059,231,891 1879. --· 72,765,762 56•85 4,136,583,570 24 17 19 19 243 210 191 242 21 19 22 18 212 219 22i 196 1888 .. ._. _65,179,106 62·5 3,539,519,143 1878.. .. 89,875,598 M•l0 2,157,2611,581 18 17 16 16 186 175 183 170 * The shares of stocks we take from the record kept by the Journat of 22 20 24 19 198 229 222 184 11 9 11 9 124 119 119 102 Oommerce for the yea.rs 1878 to 1884, inclusive; since 1885 the totals 11 11 12 12 124 121 139 137 are our own compilation. t The values of sales for the yea.rs 1878 to 1882, inclusive, a.re the 5,681 4,458 4,822 4,079 54,606 48/i46 50,722 43,235 · 289 262 253 241 2,797 2,688 2,550 2,3 LO figures made up by The Public; the totals for the remaining years a.re 5,970 4,720 5,075 4,320 57,403 51,384 53,272 45,5i5 our own compilations. I Total all... Outside N.Y. 2,382 2,064 2,165 1,984 23,976 22,463 23,430 21,157 It will be interesting to extend the comparisons as to total clearings back beyond 1894 and 1893, and accordingly we present the following table, which gives the figures since 1878. CLEARINGS, Year. SPECULATION. New York Clearings. 1897 ....... ias,421.021.411 1896,. . . .... 28,870,775,056 1895... .. ... 29,841,796,924 1894....... 24 887,807,020 1898....... 81,2111,087,7,80 1892........ s6,662,469,202 1891... .. .. . ss,;40,s22.212 1890... . ... 87,458,607,609 1889.. .. .... 85,895,104,905 1888... .. . .. 31,100,027,521 1887... .. .. . ss,474,556,268 1886. .. .. .. . ss,676,829,612 188G ....... 28,152,201,386 1884.. .. . .. 80,985,871,170 1883... .. . .. 87,434,300,872 1882..... -- . 46,916,955,031 1881.. . . .. . 49,876,882.883 1880.. . .. . . . ss,614,448,223 1879... ..... 20,235.678.829 1878.. .. lll.~58,671,R/\7 Per Ct. ClearPer Ct· Inc. or lngs Outside Inc. or Dec. New York. Dec. Total Clearings. +u,·s $28,9i6,091,210 +6·7 $57,408,11s,as1 -3"3 22,468,156,383 -4"2 51,883,98l,489 +22·3 28,480,494,490 +10·1 53,272,291,414 -2\lO 21,157,303,037 -7"6 46,545,110,059 -14"7 22,!}62,270.278 -9"4 54,223,308,008 +8·/i 25,348,638,020 +10·8 62,011,107,222 -9·9 22,981,os1,so5 -0·8 56,786,360,011 +4·4 23,165,332,888 +14"2 60,623,940,497 +15-4 20,2so.22s,091 +10·0 56,175,327,996 -7"1 18,441,607,31i7 -t4·S 49,541,684c,888 -0·6 17,672,972,82fl +rn·2 51,147,529,094 +10·6 15,616,~01,600 +11·2 49,29s,'i'21,21s -9·1 13,821,839,708 +o·B 41,474,041,044 -17·2 1S,214,118,613 -7·6 44,199,984,783 -20·2 14,297,171,1}24 +2•4 51,731,472,796 1 -5·0 13,962.286,5791 -0·9 60,878,241,610 +27-9 14,094,506,361 +28·9 63,471,389,244 +82·1 11,875,400,ooo +W-4 49,989,848,223 +41·2 9,290,soo,ooo: +16·s 38,526,478,829 -6·7 7,955,1 110,o~o -li'2 27,81S.'771,307 Per Cl Inc. 01 Dec. +11·s -3·7 +16°6 -15"i) -12·5 +0-0 -6'4 +1•9 +1s-4 -3"1 +s·s +1s·9 -6·1 -14·6 -15"0 -4"0 +21-0 +20·? +ss·e -fl·6 From this it will be seen that while the 1897 total is above that for either of the four years preceding, it falls considerably behind that for 1892 and also behind the totals for a good many of the earlier years. It will be noticed, however, that the falling _off as compared with all these previous years, except 1892, is entirely at New York. Aside from the fact that commodity prices, notwithstanding the recovery m 1897, are generally very much lower than a few years back (hence making a given sum cover a larger volume of transactions), the showing in this instance is apt to be misleading unless the changed part played by the dealings on the Stock Exchange is borne in mind. In the first place, these dealings, though they have been increasing the last three years, are still greatly below those for most of the earlier years. In the second place, since May 1892 the greater part of the share sales has been cleared by"an independent method that is through https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis The a,ggregate of the sales for 1897 was 77,324,170 shares, it will be noted. This compares with 5!,654,096 shares in 1896, 66,583,232 shares in 1895 and 49, 075,032 shares in 1894, but with 80,977,839 shares in 1893 and 85,875,092 shares m 1892. B!ick m 1882 the sales reached 116,307,271 shares, and in several other of the earlier years the totals approached or were in excess of 100 million shares. The bulk of the improvement iti the late year occurred in the last six months, the greater part of it in the third quarter, when speculation was so active on the Exchange and the market so buoyant. The share sales by months are shown herewith. SALES OF STOCKS AT THE NEW YORK STOCK EXCHANGE. 1896. 1897. Month. Number Number of Shares . _P_a_r_.--c--A_c_tua-l.- 1of Shares. Jan • .. S,!!65,412 Feb .•. , 2,808,401 March. 5,039,916 $ 828,774,':'60 266,430,100 485,!l28,750 1st qr 11,208,729 1,075,638,600 A.pril.. . 3,569,007 May... 3,842.035 June... 6,486,926 Values. Va.luu. 335,716,350 324,135,850 617,615,100 2d qr. 18,347,968 1,277,467,300 $ 209,687,472 4,535,612 171,604.664 5,208,008 325,254,505 4,586,579 Par. .Actual. $ 417,301,550 492,618,700 886,9~6,000 ' 250,445,669 806,289,135 262,466,68'1. 705,U6,631 14,325,289 1,296,841,260 809,200,471 229,076,827 4,058,618 227,037,829 2,799,613 482,502,258 4,370,765 372,055,175 268,702,533 417,371,550 256,369,071, 188,033,802 295,680,013 888,616,41! 11,228,992 1,053,1211,250 740,082,390 6 mos .. 24,556,697 2,353,100,900 1,594,063,045 25,554,281 2,349,970,508 1,649,282,861 July,... 6,896,074 J 653,123,800 I 458,958,385 6,555,981 August ll,!l :➔ 5,2481,085,902,050 65d,815,855 4,267,81-1 Sept.... t8,H2,160 1,264,451,650 79!:!,890,62!l 4,574,2011 627,59!l,250 412,967,675 431,796,550 854,384,282 268,716,029 274,215,366 Sd qr. 31,473,482 8,003,477,500 l,914,16!l,e64 H,898,000 1,372,358,475 897,315,677 9 mos. 56,030,179 5,866,578,400 3,508,2t7,90{! 89,952,281 3,722,328,983 2,446,598,538 Oct . . 8.022,fil'a Nov.... 5,815,739 Dec.... 7,455,742 779,840,950 569,719,600 719,998,IJOO 622,531,207 4,931,438 410,876,376 5,899,298 53l,9i 7,572 3,871,07{' 456,713,850 564,269,050 367,332,500 312,921,847 330,104,581 2!l0,3H,ll74 4th qr. 21,298,9113 2,069,559,650 1,465,825,155 H,701,815 1,388,314,900 883,371,402 ;7,32i,m 7,426.~8.050 4,1173,553,064 M,654c,096 5,1J0,643,b83 8,32P,969,9!l0 The Produce Exchange has long cleared its own transactions; But it will be useful to have the record of the business on that Exchange also.and accordingly we give the following. It will no doubt be a surprise fo find, in view of the great rise in the price of wheat, that the sales for 1897, though larger than for 1896,. fall below those for 18fl5. Vear. TOOK EXUHA. GE. 15 listed only its interim certificates, which, representing merely the bonds of the old company for a like ------·-·------------------ amount, are omitted from our tabulation. The new Fleur. Wheat. Corn. Oats. Barl'y Rye. Total. securities however began to be delivered January 1 &Malt - - - - - 1 - - - - - - - - - - - - - - ---1---- 1898, and arc now being placed on the list under the Bbls. Bush. BUBh. Bush. Bush. Bush. BUBh. let quarter, '97 816,700 200,066,0 1-1,815,0 7,321,0 1,681,0 1,015,? 228,078,850 authority given last December. In a few weeks the " '06 1,009,525 166,230,6 19,028,9 6,670.7 2,510,0 100,0 199,087,0 t " '95 1,389,895 268,774.0 29.98'3,0 11,650,0 ;330,0 .. . 316,771,482 new Union Pacific securities will be issued and shortly '94 1,352,8t6 289,001.0 85,829,0 19,325,0 740,0 8,0 Si8,900,802 Then there will remain scarcely '98 1,lSY,800 209,455,'· 37,560,0 12,87,,0 188,0 41,6 265,470,450 thereafter listed. 9d quarter, '97 1,203,160 4'11,289,0 24,948,0 10,601,0 2.012,0 1,SM,O 446,075,220 more than the Baltimore & Ohio, the Wisconsin Cen" '00 1,062,045 827,990,2 2.'l,42l,1 14,142,, 1,610,4 518,0 8n,t56,sos '05 1,519,140 785,728,0 81:'.J,776,0 21,40P,0 . ... . .• . 852,749,180 tral and the bituminous coal roads to rehabilitate; in u '94 l,42'1,850 ,15,214,0 95,833,0 15,523,0 60,0 1,0 472,551,825 " '931,602,000 ,54,961,0 60,7,i],0 22,705,0 4,0 286,7 546,946.700 other words, the era of reorganization which began 8d quarter, '97 1,274,15 48i,528,0 88,298,0 16,824,0 1,488,0 1,828,0 493,1P9,675 with the Richmond Terminal collapse will be at an end. " '96 1,280,595 212,92t,O 25,469,7 9,557,~ 1,444,0 629,0 254, 786,87? The following table shows the listing of both stocks " '95 1,488,500 851,854-,0 (6,9:18,0 14,014,0 645,0 8,6 419,387,850 '94 1,209,980 273,061,0 29,958,0 19,125.0 .... . ... 827,588,685 and bonds during 1897, and for each of the previous .. '93 1,481',525 206,864,01 82,712,0 24,693,5 .••. 129,0 270,560,862 ctb qua.rter,'97 1,169,500 250,45·7,0 84,82\1,0 16,332,0 1,177,0 1,915,0 809,978,155 twelve years. The classification is in accordance with " '96 1,291,185 422,645,2 22,586,3 7,078,4 1,555,6 999,8 4.1\9,575,418 " '95 1,872,875 2.59,876,0 82,0'78,f 10,598,0 2,275,0 ... . 810,49!,988 principles explained in former articles : SALEll C'F FLOUR, WHEAT, &C., AT NEW YORK PRODUCE EXCHANGE" [Two ciphers (00) omittell trom the figure, for Wheat, Corn, Oats, Barley and Rye.] u 0 0 0 •• u Tota.l Total Tot.al Total Total '94 1,127,025 '93 1,828,510 1897 ..... 1896 •.... 1895 ..•.. 1891 ..... 18113 . . . . 275,665,0 80,480,0 19,00i,O 560,0 188,~19,0 45.1~3,0 19,012.0 l.OdO.O ... 1.0 881,660,618 259, 733,295 LlSTING8 ON NEW YORK STOCK EXCHANGE. - - - ·- - - - - - - - - - ---1- - - 4,463,600 4,618,300 5,670,400 5,116,650 5.6()0,8q5 1,286,290,0 107,885,0 1,129,600,0 90,501,0 1,665,282,0 U7,785,0 1,251,941,0 181,600,0 l.O!'i9.29Q.O 176,216.C 50,578,0 6,858,0 6,624,7 1,477,821,900 1 37,458.0 6,120,0 1,2-ll,8 1,285,005,650 57,666,0 S,150,0 3,611,t!99,S53,400 67,877,0 1,360,0 P,0 1,475,811,925 1 80,284,5 1,252,0 4!'i8.3 1,942,?11,807 Bonds. New issues. OW, i8s-ues Replacing newly listed. ouJ, securities. Tot-Ot. - - - - - - - - - - ·- - - - - - - - -----1897............ $87,720,502 $15,713,!'iOO i!253,93J ,900 $357,415,902 1896 ........ .... 147,343,700 1895 ............ 166,526,300 7,626,000 427,317,000 1~,587,000 75,162,100 582,286,700 257,275,400 LISTINGS ON THE NEW YORK TOCK 1894 ............ 184,785,000 32,237,600 92,782,000 309,804,600 EXCHANGE IN 1897. The exhibit made by our compilation of the securi- 1893 .. ·-········ 139,272,000 42,178,000 107,353,400 288,803,400 ties listed on the New York Stock Exchange during 1892............ 11ts,12r,soo 12,352,000 130,'.i83,900 317,961,500 the year 1897 is perhaps poorer than one would expect. 1991.. .......... 191,397,700 16,187,000 80,061,000 287,645,700 Railroad construction, to be sure, remained on practi- 1890............ 198,158,850 105,204,'i.79 381,504,750 684,867,879 6,050,000 116,eoa,ooo 389,720,000 cally the same low level as in the two previous years, 1889............ 206,864,000 only showing signs of re-awakening activity as the 1888 ............ 261 ,q89,631 11,792,000 237,220,587 511,002,218 year was closing. The aggregate amount of new rail- 1887 ........ . .. . 180,386,000 16,304,000 146. 787,321 343,477,321 road laid during the year is estimated at less than 1886.. . ........ . 81,641,000 47,35-i,390 109,102,300 238,097,690 2,000 miles, contrasting with over 12,983 miles con- 1885 ............ 103,844,000 27,700,000 65,715,000 . 197,259,000 structed in the banner year of 1887. But on the other Stocks. hand all have in mind various bond sales of extra- 1897.•.......... $53,275,671 $24,369,900 $425,329,320 $502,974,891 ordinary magnitude which were effected during the 1896..........•. 76,'>73,572 514,l5~,641 590,732,215 year and which might be expected to make notable the 1895 ............ 77,132,500 35,385,200 30,856,270 143,373,970 additions to the securities dealt in on the tock Ex- 1894 ............ 36,616,253 4,800,000 209,776,750 251,193,003 change. 93,744,161 48,874,000 55,627,lOD 198,245,261 1893 ............ As shown below, the "new bond issues" lii;;ted reach a 1892 ........... . 99,905,91)0 48,364,850 88,765,355 237,03€,105 total of only about 8 7¾ millions. or 40 per cent less 96,54<i,754 1,650,000 1891 ......•.... 90,71?4,'ZOO 188,914,954. than in 1896, and less also than in any year of our 1890............ 161,461,729 10,490,747 263,039,854 437,992,330 record excepting 1886, when the amount was about 81½ 69,721,717 1889 ...... . •..•. 9,936,000 179,952,057 259,649,774 millions. In 1888 the aggregate was three times thl3 62,408,357 1888 ......•..... 10,872,475 175,447,443 248,228,275 18g7 total. The amount of new stock issues also is the sm3llest with one exoeption. If we include with 1887 ............ 98,726,791 32,643,426 138,683,333 270,053,550 the "new issues" (which represent new capital) the old l886 .......... . 54,006 350 67,236,000 208,226,200 329,469,350 3,700,000 35,430,000 56,913,116 issues only now listen, and also those replacing old l88f>..... . ...... 17,783,116 NOTE-Applications for the listing of Trust Company receipts and of securities retired by reorganization or otherwise, the securities marked "assented" {if preparatory to reor~anizatlon). or of stamped "assumed" or "a~sessment patd"-the securities total of all bonds listed makes a better showing, viz., securities themselves having previously been listed-are not included in this table 357 millions, an amount which is exceeded only four The following table embraces all the railroad bonds t imes in our record, namely in tho years 1896, 1890 listed during the year just c~o ed: 1 89 and 1888. LISTINGS OF RAILROAD BONDS . But the significance of this grand total of all bonds Company and tille of loan.Amount. Pu1•pflse of isS'lte. Div. At. & Pac. placed on the list in 1897 lies principally in the fact Atch. Top. & S. F. gen. M. 4s ..... $13,882,000 West et;(•., in exch. for fund { note tls & for improl" that it marks the complete reorganization and the re B.& O. So' w .-0. & Miss. ext. 4.s,. 2,615,000 For7s .dueJa.n.1,'Bext, stored credit of five great properties, which alone con· Cent. of Ga. Ry. Mob. Div.1st 5s. 1,000,000) Do Mac. & No. lilt 5s. 840,000 I In excbanee for Sf>CU· tributed 142 millions, or nearly 40 per cent, of the year's Do 1st pf. income 5s. 4,000,000 1itit·s of roads ln sysDo 2d pf.1ncorue 5s .. 7,000,000 }- tern. bond listings. .These are the Reading, with its 5 Do 3d pt. income 5s . 4,ooo,ooJ I Do M1d. Ga.& A.t.pur Purchase of M. G a. & millions of general mortgage 4s ; the Oregon Shor8 Money 5s......• 413,000J At Line, with its 10 mil1ions of consols and 21 millions ot Central Pacific 6s, ext. at 5 v. c .. l Extended 1 year in 3,997,000 5 golll to J >l.n. 1, 1898. ' A" and '"'B" incomes; the o folk & Western,f Lehigh Coal, Cent. RR. of N. J. qen. M. 5s ..... 2 ' 320 •000 {5To&refond Na'"iga.t'n bonds. with its 2:3 mtllions of new 4s; the Atlantic & Pacific, Chic. Burl. & Quln. Iowa. Div. 4s. l ,704,000 .. Roads acquired. with its 13 millions of Atchison 4s; and the Central Chic. &E. Ill. ~en. cons. & 1st 5s.. 2 280,000 .. New road. Louis. refunll. M. 6s 4,700,000 5 rn exch. for L. N. A.& 0. of Georgia, with its 15 millions of incomes and its 2 Chic.DoInd. &Do 2,909,000 { 1,eourities and for oa.sh. refund. M. 5s millions of other bonds. The Chicago & orthern Chic. Mil. & St. P. gen. M. 4s ..... 2 !SOO 000 5Improvements and old ' • { bonds canceled. Pacific Railroad Company also was reorganized dur- Clevelanll Cin. Chic. & St. L.5 Improve'Dents and un· ing the year under the title of the Chicago Terminal Genera.l M. 4s ....•••....••..••• 2,574,000 { derlylng bonds, Cleveland & Pitts gen. M. 41.gs .• 67,000 .. rmprovements. Transfer Railroad Company, but the latter in 1897 Des Moines Union lat M. 5s .... .• 628,000 .. 0ld bonds just listed. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis EX HA GE. 16 Oompany ana title of loan.- table showing what has thus far been accomplished The figures we use were furnished to us last month (December) by the company's officials and differ somewhat from those reported by the Stock Exchange, but are all the more interesting as showing the operation at a later stage. rrhe table is as follows. P.urpo11e of isS1te. .A m01mt. 5 Bondsdua May l, 1897, towards carrying out the exchange. N. Y. &E. lst7s ext. at 4. p. c .. $'Z,482,000 l ext. to 19!7. Erle RB.- 127,000 .. Float. aebt and equtp. Evansvllle & Terre H. lat gen. 5s 5Old 1st 5s with inter· Fo1t Worth & Rio Grande1st M. 3s to 4s . . .••••.•••••••••• 2,~63,000 l est reduced. Geor~ia & Ala. lstM. pref. 5s ••• 2,230,000 .. lmprovements. 337,000 .. In exchani,re. Grand Ra.1 ids & Ind. 1st M. 412,. K. C. P. & GuU lat M. & coll. tr.5s 19,706,000 .. Road and extensions. Lue Sh. & Mich. So. 3128 of 1997. 22,433,000 .. Rerundlng 7 p. o. bondfl. 5 Bonds due 193L Int· Louisville & Nashville L. C. & L. 6s reduced to 41- . ... 3,258,000 { reduced Nov., 1896. .. lmprovements. 282,000 .. 4s cons. .. Ry Manhattan (Elev.) 93,000 .. Bonds of '90 just listed. Mo. Kan & Texas 1st M. u ..... . 5 Bonds due May 1, 1897, Missouri Pacific Bt.L. & I. M. I st 5s ext. at 4 ¼1 p.c. 4.,000,000 { extended to 194.7. Yew road built & acqui .. 500,000 Na.sh. Chat. & St. L. lat con. 5s... 5 Exoha.ni;?ed for 7s ma• 500 ' 000 i tured Jan. l, 1897. N. Y. B.& Manhat. B'ch lstcon.5s retire prior bo nd8 N. Y. & Green. Lake prior lien 5a 1 452 000 ~5 Toand betterments. • • 250,000 •• New property acquired. N. Y. Ontario & W. retuod. 4s.... 247,000 .. Ex:chd. for old 2ds . N. Y. Bus. & Western g<'n. m. 5s. Norfolk & West. 1st consol. 4.s ... 23 199 4.00 \ Und er reorg. plan in { exch. for ol i bonds. • • 5 Exchanqed for old lats No.rthern Pilctfl.cPrior lien 4.s..... .••. .... .•• .••. 7 .572,000 l anrl Mo. Div. bonds. Omaha & St. LouiR lat M. 4.s..... 2,376,000 .. For old securities. old bonds torpl11on. "'41 , OOO 5 1 4. s.. .. 2 ,... u untier { Ex:ch'l.nge oonso. 0 regon RR . & ..-.av. 1.. P enn Co. oo11 · t r. cer t 8 • 3 , s...... for old bonds and stock un• der reorganization. v deposited un• 312 •000 {5 Formel'l. der U. P. coll. trust 6s 5 000 00" 5 Refund. obliga.t!ons of lessor companies. • ~ • Pitt e. &con'ls. old7s,ex t • a t"',. p.o. .. 36000 5BondsdueJulyl,1898, 2 •" { ext. to 1916. , REFUNDING BY LAKE SHORE & MICTIIGAN SOUTHERN RY, Loans. $ 687,500 2,017,5<0 2,70l'>,000 273,500 1,081,500 l,~55,000 14,440,000 4,'220,000 10,220,000 24,692,000 15,264,000 9,4 2 R,OO0 ........ 24.,065,0()(, None. ---- Total ........................... .43,192,000 20,445,000 46,812,000 Annual interest charge on bonds outstanding Jan. 1, 1R97 .$3,023,440 Dec. 1, 1897. 2,434,565 do do do do do Annual aavingto company (equal to 1·17 per cent on stock). $588,875 On Jan. 11897, therefore, the Lake hore had outstanding about -l:3 millions of 7 per cent bonds. Through the voluntary exchange for the 3½ per cents about 2-0! millions of these have been retired, the consolidated econd mortgage 7s, for instance, having been reduced in amount from 2-!,692,000 to $9,428,000. ~rhe company's funded debt has been increased in the process from 43,192,000 to '46,812,000, but its annual interest charge is now less by $588,835 than a year ago. This annual saving is equal to l ·17 per cent on the company's capital stock. The miscellaneous bornls listed aggregate towards 35½ millions, as follows: income As........ 7,236,000 income Ba........ 14,018,000 Ore.Sh.L.&U.N.-U.&N.lstM.7s $ $ Buff. & Erle 1st M. 7s.April 1, 1899 L. ~hore div. bonrl 7s .. April 1, 1899 Consol, lat M. 7s .... July 1, 1900 ConRol. 2d M. 7s .... Dec. 1, 1903 New Re:tund'g M. 3~s .June 1, 1997 Ore. Short Line consol. lat M. 5s. 10,369,500 { In exchao~e Do Do Outstand'o Jmount Ou,tstand'g Bonds When Due. Jan. 1, 1897. Exchanged, Dec. 5,'97. c 5 Under reorg. plan in. Read. Co.& P.&R. C.& I. gen. M.4s 58 •66 8, 00O { exch.forold sec1uitiae. St. Jo. & Grand Isl. 1st M. 2-3•4s . 3,500,000 .. ln exoh'ge for old lats . 925 ooo 5 New road and improve8t. P. M. & M. oonsol. 412s ........ . { ments since 1894. • oo 1 5 For At. & Gulf con sols. 780 1 ~ t t · 8 a.v. Fl a. & W • 1 8 t M •• ill • a a P, c. l due July 1 ll:i97. • • 693,0C.0 .. lmprovements. Southern Pac. of Calif. lat M. 6s . LISTINGS OF MISCELLANEOCS BONDS. 576 000 5 Ext~msions and under• 1st con sol. guar. 58 Pttrpose of i Bstke, Amount. Oompany aiid title of loanl lyrng bonds. • Do Atlanta.Ga.13L1ghtlstM. 5s ...... $1,150,0JO .. Toacqutreolant. Southern Ry. 1st consol.5s .•••• 1,t23,000 . . Impts, equip., etc. {Underlying bonds and 500,000 .. P11rch. &imp'tofprop. 811Dbury& Lewistow I lstM.4.s.. purchase of Equity 745,000 Un. Pac. reorg. pur.mouey certs .. 33 000 000 ~ Par· purchase of road Brooklyn Union Oas lat M. 5s ••• Gas Co. at foreclo u1 e. Ctty of N.Y. con. g. bonds and stk. 4,039,502 .. [mprovements. --- 0 1 Cvlumbus Gas lat M. 5s ... ... ... 1,\75,000 .. Bonds 1892 just Hated. Total.. ..••..••••..•. ·••··••· · $ 294 ·043 •9 O Of the loans above, one, and only one, is a. striking Commercial Cable co lst M. 4 s..• 13 'lO0 000 5 Purchase Postal Tel. Cable property. ' •. Improvements. · · d d urmg · t h e h ar d t'1mes f or EdisonEl.Ill.ofBklyn.lstM.5s .. •500,000 of cap1· t a1 raise rnstance the building of new road. This is the first mortgage Erie Teleg. & Telep. coll. tr. 5s.. . 1,000,000 .. Ex:tensioosa.odlmprov. d b th Grand Rapids Gas L. 1st M. 5s. .. 1,225,000 .. Puroh. of plant in '95. f d 11 '}}' 1 20 f • Y e Jt ffer. &Clearfl.'d c. & r. 1st M. 5s. 2,000.0005 Bonds t!lsued in 1896 O ars ma e mi 10ns O issue or near Y 2dM.5s. 1,000,ouoi rorpuroha.seofprop. do Do on I Company Kansas City Pittsburg & Gulf Railroad KansasCity,Mo.,GaslstM.5s•. 3,750,000 .. Toacquireplant. K f , . ansas 1ty l:3 t. L. Term. Cupples sta.. & Prop. account of its hne now completed rom Acquirement of prop'y. to the Gulf of Mexico, comprising 839 miles of road ' tat mo t. 4 12s. ·••·••·· · .. · · · · · ·.. 2 ,ooo,000.5• Purchase of plant in owned. In April last the Illinois Central sold 30 mil- We st·Gas(atMil.)lstooll.tr. 5 s .. 3 ,so 5 ,500 1893anitimprov'ts. • • c c c· c 1 8 14,oooi Ina::e~\ ~f:c~~-r gUln'· lions of new bonds for the acquisition of its Louisville Western u. Teleg. coll. trust Es.. and St. Louis divisions, 'mt none of these bonds were I Total .......................... $35,404,002 placed on the official list during the year, and they are I The growing popularity of gas bonds is indicated only now about to be offered for s~le by the purcha.sers. by the fact that they make up six of the fourteen Indeed: the .year,. as has been sai~ 0 1:1 th er,~c~as wns, issues here represente<.l. The absorption of the Pos~as chie~y rem~I kabl.e as t~e begi.nmng of a rnf1: nd - tal Telegraph Cable Company by the Commercial mg ~ra, that 1s? for the I~fundmg of the. old high- Cable Company is brought to mind by the appearrate .mterest-bearmg bo1;1ds mto bonds bearmg an ex- ance here of '13,000,000 new Commmerci.al bonds. cee~mg1y lo_w rate of mtere st . The boutl sales to AU last year only 4 millions of municipal bonds, and several they all issues of the city of ew York, were placed was made allusion which . above embraced h · issues, toge~ er representmg an enormou aggregate ' on the list. On the London Exchange very many sum, f~r this purpose, b.ut only 0 .ne of th ese larger ' municipal loans are quoted, anJ it would seem that refundi~g lo~ns was h st ed durmg th e year, th e we might we l imitate the foreign custom. 'rhe street railway securities listed a:e as below: others, mcludmg the ew York Central, .!.. or th We st ern, Rock Island and Atchison issues, being left for LISTCNOS OF 8TRKE'r RAILWAY BONDS. future listing. Piwpose of issue. A1noitnl. Oo1npany and title oJ toanThe one prominent refunding loan placed upon Broeklyn Rapid Tran., golcl "-s . . . $1,523,0)0 . . Construction & tmp'ts. . . st. Ry. (N'. Y.) gen. M. and the list in 1897 was the L ake Shore 3½s for i2,433, · I Met~ coll, tr. 5s ••..•••••.•••••..•...•• $12,500,000 .. Ex:tens1()ns and 1mprov. These bonds were issued in exchange for Union Ele., Chicago, l at M. ns.... 3,923,ooo .. For road. 000. the old 7 per cents, which have in consequence been West Chic. st. RR. lat mort. 5s.. 3,96l,0OL Bonds of 'B Bjust listed. oonsol. M. 5s.. 6,031,000 .. Improvements & exten. Do ---largely reduced. As this operation has greatly de- I 1 creased the old loans of the Lake Shore, heret.ofore I Total ...••• Purpose of Issue. AniouM. among the leading investment bonds dealt in at the aompany a 11,,t, class of stockExchange, and at the same time has an important Capital Traot.,(Wash., D.C.) oom.. $l2,000,000 { srucs~ 1\!:~dd in l895, bearing upon the likelihood of success in the other west Chloe.go st. RR. common ... 13,189,000 .. Old stock ju~t listed. Total.. ........... . ........ . .... $25,189.ooo proposed refunuin<Y chemes, we pre ent the following https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis ° · ~; ~~~~~·~~·~~~~!: :A:~;::··sTocKs. 17 LI TINGS-FAILURE . While the securities of only five companies are here included, it is a noteworthy circumstance that among the five are two prominent companies of cities at a ,considerable distance from New York. Street railway securities, formerly of local interest almost exclusively, are now seeking and commanding a wider ·market, and for this reason these Chicago and Washington companies have sought and obtained the recor,nition of the New York Stock Exchange. The remaining stocks placed on the list are the foling: LISrCNGS OJ!' ~USCELL.ANEOUS STOCKS. Purpose of Issue. A.mount. Onmpany and class of stock. . . . $1,072,800 . . lss'd in '9 2 &just listed. Col um bus Gas............ 800 000 5Extensions. underlJin~ Consolidated Gas, N. Y., common • t bond!', eto. 350,500 .. [mprovernents. Oon. K. C. Smelt. & Ref.. p!. 7 p.c. 250,000 .. lmprovements. Edison Eleo. Ill. or B'klyn, com... Grand Rapids Gas Lill:ht ...•...••. . 1,000,000 .. Purohaseofplant in •95. Jefferson &Clea.rfl'dC & r. pt. stk. l /i00,000 .. Purchase of prop.in '96. 500,000 . . Capital. National Surety Co .. N. Y., com. . 5Exchange for Chic. Gas Peoples' Gas Light & Coke (Chi· ca.go), common ..•.••........•••• 24,173,000 t Trust receipts. Western Union l'elegra.pb, oom . .. 2,000,000 .. Imp'ts, ma.de stnoe ' 92. { Purchase of plant in Western Gas (at Mil.) common . . 4,000,000 ~ 189 3 and imp'ts. Total.. ................ . ...... $35,646,300 LISTINGS OF RAILROAD STOCKS. uompa,iy and class of stockAt.T.&S.F.pf.non•cum.5 p.o ...••• Do d" common ...••.••..••••• Balt.& Ohio Bo'west. pref. stock. Chic. Great Western, common... Chio. India.nap. & Lout~v. oom .. vrtf. 4 p. o. Do Do Ohio. Mil. & St. Paul pref. stock Ft. Worth & Rio Grande, oom •.. Green Bay & Western, common. rteb1111. A. do Uo deben. B. do !)o com .•.. Gult, & Kansas O. Pitttl. Mexican Northern, oommon •.••• N. Y. 8ui,,q & West., new com •.. Norfolk & Western, common .•. pf. non•oum. 4 p. o. Do Omaha. & St. Louis, common ..•• Oregon Short Line, common .••• Pitts. Ft. W. & c., e:uar.,speoial. Rea.din~ Co., <"Ommon. • . ...••• 1st pl. 4 p. o . .... . Do 2d pr. 4 p. o.. .... . Do Rio Grande Weatern preferred .. St . .Joseph & Gr. Island, oom .. . 1 <1t pr~f .. . do Do 2d Plt-f .•• do Do St. Loui~ & San Franci oo, com. Purpose <>t Issu,e · For a11ses11. on old oom $21,994,600 { and for West. Div. of At & Pao. 102,000,000. ln exoh. for old oom 367,700 . . Exoba.nire for old &Pour. 367 300 5 E~oha.nge for C. st• P. & K. C. Rtock. l • 10 50 1\ 000 In exch. for J,. N. A. & s:s8s;1r,o? ~ii/li:!asi~d bonds 3,780,~00 . . Exo.for convert. bond!'. 3,10~,100 .. 0ld stock just listed, 2,500,000 Issued under reo.-g. plan or G. B. W,nona. 600,000 & St. Paul. 7,000,000 2'1,370,000 .. On road and extensions. 3,000,000 .. 0ld stock Just listed. 250,900 .. Exch. for old securities R0,012,!\50 5Underreorg. plan inex. 17,337,300 t for old secur.• eto. 621,900 .. For old securities. 5 Excban~e for old se 27•4 35 , 7 oo ~ ourities under reorg. 283,691 .. Betterments. 69,900,000 SVotioe: trust certs. for' 28,noo,ooo) stocks hsued tn "X· 42,000.ilOO t ohan~e for old seour. 250,009 .. To pay stock dividen"d". 4,60 ·,o00, Voting trust oertHs. for 5,491,000) stocks issued in ex• 3,500,000 { change tor old secur. 80 8 200 5 For St. L. K. & South· } western bonds. • Amount. 5 ! Total.......................... $441,963,191 Aside from the shares of the Kansa City Pitt burg & Gulf ( 22,370,000), it is noteworthy how trifling in this table is the amount of the railroad stocks that are not products of reorganization. The Mexican Northern has listed $3,000,000 of stock, but with the exceptions of it and the Kansas City Pittsburg & Gulf there is not a new name on the list, and the miscellaneous stocks show a resnlt hardly better. Our total of new stock issues would in consequence be far smaller than it is were it not for the great amount of stock issued for asses ments in the reorganizations aforenamed, and hence representing new capital. The listing of securities follows at a considerable interval the inception an<l often also the carrying out of an enterprise, and consequently the improved feeling in moneyed circles which was so noticeable in 1897 did not find expression in the year's listing. For 1898 the outlook is in favor of a striking change in this respect, and we may count pretty confidently on numerous additions to the Ii t, particularly of ''industrials" formed by the consolidation of manufacturing and other interests, the work of uniting these being now in progress as perhaps never before. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis .LV INTERPRETATION OF THE FAILURE FIGURES. Dun's figures of failures are given in detail' on page 19 of this issue of -the REVIEW. Compared with 1896 the total liabilities, the average liabilities and the number of disasters for 1897 all show a substantial decrease The number was 13,351 in 1897 and the average liabilities were 11,559 ; in 1896 the number was 15,088 and the average liabilities were $14,992. A more significant fact however is that almost the entire improvement here shown occurred in the last half of the year. For the first six months of 1897 the total number of failures was 6,821 and the total liabilities were $91,692,787, making the average $13,442 ; whereas in the last six months the number of failures was 6,530, the total liabilities were $62,639,284, giving an average of only $9,060. 'rhis contrast is significant because it shows, what to be sure we all know, that the conditions the past year in business affairs must have changed materially soon after the first of July. But the chief interest uoes not attach to that contrast. We have during recent years passed through an extremely trying period, and a term of months might be found to present a favorable comparison with those years without indicating a very substantial relief. The actual status is the factor with which every one desires to be acquainted. The question the public naturally asks is -what degree of commercial health do the conditions of this closing half-year indicate ? To reach a conclusion on that point requires a longer comparison. We have consequently prepared the following statement going back to and including 1890, and ham divided Dun's record into the corre:,ponding sixmonth periods. ,-Failures Jan ..Jime-6 mos.--.. ,-Failures July•Dec.-6 mos.--.. Amount Average. Average Number Amount Nttmbe,• Failures. Liabilities. Liabilit's. Faiti,res. Liabilit's. Liabilt's. $ $ $ $ 9,593 62,639,284 6,530 13,4U 91,692,787 1897 .. 6,821 15,905 8,062 12.o,,227, 152 13,930 97,869,682 1896 .. 7,026 84,356,116 12,897 6,540 13,34.5 88,839,944 1895 .. 6,657 10,408 71,259,550 6,847 14,455 189( .. 7,039 101,733,306 20,122 8,841 177,900 350 26,383 1893 .. 6,401 168,879,539 51,110,487 10,694 ,,851 11,s1s 62,273,680 19g2 .. 5,503 J 5,785 97,452,371 6,199 15,215 92,416,267 1891..6,074 5,"-22 124,537,580 22,553 12,130 65,319,381, 1890 .. 5,385 The above presents some notable features. First of all it makes more conspicuous the contrast between the last six months of 1897 as a whole with the same six months of 1896; a glance is enough to convince every observer of the radical character of the improvement in each item. But, as already said, that of itself is not a fair test, for 1896 was a peculiarly trying year. If, however, we carry the investigation further back, it will be seen that the average liabilities for 1897 arc the smallest for any six months in the statement, and that the total liabilities have been smaller only twice. 'rhose are significant results and still further impress the reader with a conviction of the decided character of the change for the better which has taken place. It is certainly an advance worthy of remark and a ca.u se for great gratification that we are freed, for a time at least, from those appalling total disasters which have b8en such a conspicuous feature in tho situation ever since 1890 began. It will be instructive to show shortly that these uninterrupted large disasters belong to and distinguish the perio~ the above statement covera and did not ante-date it. · But before passing to that matter we wish to call attention to one fact, not referred to above, which the foregoing compilation discloses. It will be 18 MEROAN'rIL_E seen that, al though for the last six months of 1897 the total liabilities and average liabilities have decreased materially, the failures in that period are large. Indeed the total is only very little less than an average of all the six months in the foregoing statement. We have made up that average for the drst and last six months separately; the average appears for the last six months of each year to be 6,673 and for the first 6,363. Those results disclose that although the number of failures in the last half of 1897 were 6,530, that is considerably less than in the corresponding six months of 1896, they were very little less than the a-verage of the same si:x months (July to December) for the years 1890 to 1897 both inclusive, and were actually larger than the average was for the first six months (January to June) of t.he same yea.rs. We thus seem to be brought to the unavoidable conclusion that although the trade conditions in the . United States improved in the last half of 1897, the improvement was of such a character as to decrease the number of large failures, but at the same time to increase the disasters among men of small capital. Such a state of affairs must mean that the strain to which trade had been subject was not lifted so far as to relieve the class doing a minimum of business. It so happened that though demand increased, general prices did not advance, leaving in many cases the margin of profit narrower. Under those circumstances only the merchant of large cd.pital and large transactions would be benefited. Those facts ma~ suggest the explanation. We have remarked above that the annual aggregates of liabilities, 'Vhich were so large and so conspicuous a feature from 1890 to 1897, were much smaller for the years previous to 1890. To illustrate this situation we have compiled from Dun's records the following statement, made up in the same form as the foregoing, but starting with 1879, the year specie payments were reestablished, and closing with 1889. -Siz nwnths-Jan.-June--.. ,-Siz m ?nths-July•Dec.---.. .A ve1·age Number Number A.mount .Amount Average failures. liabilities. liabilit's. failiiros. liabili t's. liabilit's $ $ $ $ 65,828,853 11,749 5,279 82,95!i,484 16,722 1889 .. 5,603 68,114,159 13,126 1888 .. 5,189 5,490 5:i,715,814 10,149 55,138,092 11,225 4,722 112,422,852 1887 .. 4,912 23,808 9,782 1886 .. 5,156 50,434,460 4,678 64,209,659 13,726 74,722,355 12,445 4,633 49,497,966 1885 .. 6,004 10,684 22,576 1881 .. 5,510 124,391,282 5,458 101,952,145 18,679 66,189,034 14,274 4,547 106,685,188 1883 . .4,637 23,643 50,580,920 14,062 3,141 50,966,~44 1882 .. 3,597 16,226 14,297 2,716 1881..2,866 40,946,645 40,209,287 14,805 13,171 1880 . . 2,497 32,888 ,763 2,238 32,8e3,237 14,675 1879 . .4,058 16,210 2,600 65,779.390 32,369,663 12,450 FAILURES. the other; that is to say, that the com}!l.rison as it stands is a fair one. Assuming that to be a correct conclusion, these uninterruptedly large losses become not only an indication but in some degree a mcamre of the peculiar and increased hardships merchants have been ca.Heel upon to endure since 1890. Conducting business amid such uncongenial conditions as have existed could only lead to low prices, small margin for profit, disturbed credits, and failures. Indeed all the conspicuous features of Dun's record seem to illustrate the same state of things and enforce the same truth. FAILURES BY BRA OHES OF TRADE. Messrs. R. G. Dun & Co. have recently added a new feature io their useful record of failures which they have prepared for so many years. They now undertake to show the insolvencies by br~nches of trade. Weneed hardly say that this is a very desirable addition .. It was begun in 1896, and at the same time comparisons were furnished with 1895 and 1894-. The figures therefore are now available for four years. The width of our columns, however, p ermits us fo give here only the last three years. The figures for 1894 will be found in the previous issue of the FINANCIAL REVIEW. FAILURES BY BRANCHBJS OF BUSINESS. Calendar Year. Manufacturer,. 1897. No. 1896. Liabilities. 1895. No. Li.abilities. No. Li.ab-flitiu. ---·------ --1----1 - - - - - - - ---- Iron, foundries and nails.. Machinery and tools... . ... Wool'ns,c'rp'ts&k:nitgoods Cottons, lace and hosiery.. Lumb'r,carp'nt'rs&coop'rs ~~[:,i~Fo!~~ :2¥1;;1;:·:::: Chemicals, drugs & oaints. Print,ing and engraving.... Mllll~ and bakers. . ... ... Leather.shoes & harness Ltquors and tobacco....... Glass. earthenware & brick A.ll other........... . ... .. . $ . JO~ 5.94n.834 4,7U,817 388 U,800, 716 7,404,090 177 3SI 59 $ $ 209 2 5,071,ltlO 6,753,885 8,364,198 2,649,339 4113 t6,3l4 532 8 3,216,S'W 214 113 1,790,837 186 1,866,631S 145 1,702.98B 141 7,091,SU 66 l,o72,2n 878 S4,8fl2,67i 1,491,► 60 114 131' 85 67 @3 36 48 2116 4,114,284 8,366,026 2,299,826 1,315.276 6,084.276 ~gt78 •~gr:~t~ ~t t:&8~:~,~~ sgs r;~g:~ 820,077 102 2,65:i,116 108 1,707,023 18~ 150 179 151 3,53b,445 2,8 '9,476 1Sl5 4,021,012 3,524,740 180 4,527,785 4,1'186;4!0 15· 8,286,:-128 71 l,1'8:;,207 80 2,055,595 ~66 18,372,192 l.lll2 29,542,136 ------- -- Total manufacturiniz ... 2,776 6i.E65,0&i 3,4.18 98,463,851 2,635 73,920,073 Traders. General stores ............ . Groceries. meats and fish . Hotels and restaurants . .. . Liquors and tobacco ..... . Clothing and furnishing ... Dry goods and carpets . .... Shoes, rubbers and trunks. Furniture and crockery . .. Hardware, stoves & tools. Drugs and paints . . ........ . Jewelry and clocks ....... . Books and paoers ........ . Hats, furs and gloves .•.... All other ................. . Total trading .. .. . .... Brokers and tramiporters . 1,55 1 9,2~0,72~ 1,710 12,401.~26 1,669 13,247,8a9 2,2c6 7,731,450 2,395 10,810,193 2,lOfl 8,144.009 349 3,582,782 428 2,8:8 765 38'i 3,L90,191J 90~ 6,018,9,19 976 6,427 830 1142 o,ll:-l,06fl 845 7,318 526 947 9,750,400 901 ll,7~6,981 657 12,2::19.709 tl75 10,052,440 . !HS J8,730,li95 l532 4,584,784 i':72 561 4,083,184 7.659.!149 3:i3 2,981,179 329 8,880,691 178 2,076.~4 4811 5,131, nOi 498 4 017,!~27 3,121,052 517 442 8,0lf,,808 3,600;&76 21l4 289 2,606,1>72 213 2,707.0J3 1 u5 1,308,964 H6 1,261,6911 164 1,611.090 ti( 6,664 77 87 1,454,736 SI09,209 tltl 1,292 12,786,':lf:3 1,541 19,874,9:t5 U.6b 21,814,109 i:m:1!r1 m 10,2"4 H,499,908 11,352 lOP,046,620 10,381 ll2,706,,122 28 1 ll,IJ67,U76 1 318 18,5t:!6,3tl3 181 6,569,565 Total commercial. ..... 13,351 lli4.332.0il 15,088 226,096,SSi 13,197 173,196,060 Banking . . . . . . .. ... . . .. 171 28,249.700 198 50,718,1H5 1 52 20,110,210 NOTE.-lron, woolens and cottons include all the brancnes or tnustomanutactures; machinery includes implements and tools; lumber includes sawplaning, sash and door mills, caroenters and coopers; clothing Includes millinery and furnishinizs; hats include furs and gloves; chemicals include drugs, fertili~:~TuS!!nb~~:;0}~8Jt?;!}n;!i1:ls~~sb~~~~c:are~ft'fi~s~~~ard,~~-~~i~ and rubber goods; Uquors include tobacco, wines, brewers and beer; glass in~~l:::~i~t~1':t~~ifig!t:!lta1:i~;!i~~£r;n~o~~m£i~fh!!0;!;~~1s~~~ug:J1i:!~ furniture includes croc)rery; hardware incYudes stoves and i;ools; and jewelry includes clocks and watches. Brokers include all real estate, note, insurance or produce dealers whose main business is not the handlin_g of actual products, ,rith mortgage and other lo!Ln concerns. and transporters include all except inc~porated railway compaaie& Comparing the foregoing table with the one previously given in this article, it will be found that the average of total liabilities for the closing six months of the years 1879 to 1889 was $66,349,808, against $99,767,861 in the similar period of 1890 to 1897 ; and for The following is a record of the yearly aggregates of the first six months the average was 65,779,390 in failures back to 1857. 1879-89, against an average of 96,128,074 in 1890-97. YEARLY AGGREGA'l'ES OF FAILURES. In other words, the item of total liabilities in Dun' a Yea1·. N1imbe1·. Liabilities. Y em·. Nitrnbe1·. Liabilities. $191,117,786 $154,332,071 1876 ...... 9,092 ...... 13,351 failure figures has increased since 1890, on an average, 1897 201,060,333 226,096,~34 1875 .... _. 7,740 l 896 ...... 15,088 155,239,000 173,196,000 1874 ...... 5,830 ...... 13,197 not far from 50 per cent. These results, too, it should 1895 228,499,900· 172,992,856 1873...... 5,183 1894 ...... 13,885 121,056,000346,779,939 1872 .••••• 4,069 ...... 15,~42 be remembered, have been attained notwithstanding a 1893 85,252,000 114,044,167 1871. ..... 2,915 1892 ...... 10,344 88,242,000 .. __ .12,273 189,868,638 1870 ...... 3,!546 much lower average ,alue of commodities has ruled in 1891. 75,054,054 189,856,964 1869 ...... 2,799 1890 ...... l 0,907 03,694,000· .... 10,882 148,784,35711868 . .. - .. 2,608 the later period (1890-1897) than in the earlier period 1889.96,666,000123,829,973 1867 ...... 2,780 1888 ...... 10,679 53,783,000 167,560,944 1866 . ..... 1,505 9,634 from 1879 to 1889. On the other han:i, no doubt the 1887·-···· 17,625,000 114,644,119 1865...... 530 1886 .. _.. . 9,834 8,579,000124,220,321 1864...... 520 collecting of data as to failures is more thorough 1885 .... _.10,637 7,899,900 226,343,427 1863...... 495 1884.- .... 10,968 23,049,000 172,874,172 1862 ...•.. 1,652 now than it was in the earler period; that would be 1883 ...... 9,184 207,210,000 101,547,56~ 1861. ....• 6,993 1882 ...... 6,738 79,807,(•00 81,155,932 1860.- ••.. 3,676 a natural development of such work. Granting then 1881. ..... 5,582 64,394,0001880 ...... 4,735 65,752,000 1859 ... --. 3,913 95,749,000 these two conditions to have existed, it may be not 1879 .. _... 6,658 98,149,053 1858 .•.••• 4,225 291,750,000 234,383,132 1857...... 4,932 1878 ...... 10,478 far from the truth to assume that one woultl offset 1877 ...... 8,872 190,669,936 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis MERO.A.~ TILE MERCANTILE FAILURES IN THE FAILURES. UNITED 1-0 TATES AND CANADA IN 189'7. PREPARED BY MESSRS. R. G. DUN & CO. COMMEHC.IAL F All, URES. Cl,ASSIFIED TOTAL, 1897. STATES. No. Assets. TOTAL, 1896. Liabilities. M.ANUF ACTURING. Liabilities. No. No. Liabilities. F .-llLURES, '.r.RA.DING. No. 189'1. OTHER COM'L. Liabilities. BANKING. No. Liabilities. No. Liabilities. $ $ - - - - - - -1-----1- - - - -1-----1•-•-1-----11--1-----1--- ------ ---1-----1- --- - - $ 987,931 213,0::lO 345,854 5,740,421 1,153,951 ~34,149 4 1 2 18 3 5 14,500 700 16,586 816,046 4,880 31,800 New England. 1,722 17,772,968 26,792,675 1,749 25,595,446 464116,532,8 :-n 1,225 9,375,326 521 13,965,185 1,188 11,039,52 l 459 10,538,7 01 813 7,649,549 33 40 33 884,512 590,739 777,567 3 3 5 850,000 484,408 1,817,52& New York.. . •. . 1,871 14,370,408 30,980,233 2,173 46,632,142 New Jersey . . . . H2 1,006,S52 1,910,390 193 3,204,680 Pennsylvania... 1,365 10,778,920 13,987,911 1,549 23,61~,596 556 14,288,4 94 1,259 13,199,052 49 1,145,987 80 652,903 417 7,041,363 924 6,799,368 56 3,492,687 3 112,000 24 147,180 2 4 6 5fl8,277 194,151 4,980,543 Middle . ...... . 3,36~ 26,156,180 46,879,034 3,915 73,449,418 1,022 22,475,844 2,263 20,651,323 83 3,751,867 85 3,910,518 49 1,967,086 12 17 10 5,742,971 3,604,115 3,392,613 277,!H8 2,000 406,000 268,860 2,500 75,000 4 33,500 6 1 3 110,000 300,000 $ 229 1,147,866 1,933,111 55 3 i3,957 659,218 55 225,163 430,249 924 13,951,470 19,759,411 350 1,334,755 2,419,027 10d 779,757 1,591,659 $ Maine . .......•.• N. Hampshire ... Vermont ......•. Massachusetts .. Connecticut .... . Rhode Island .. . " " $ 40 930,680 14 445,<l98 67,809 8 301 13,202,944 73 1,260,196 28 625,7 10 $ 289 2,311,069 90 1,992,497 68 373,711 881 16,107,829 296 2,099,320 125 2,721,020 185 40 45 605 274 76 ---·-1------1--·--·- ---1------1 ---1------1----1-----1- - - - - - - - · ·- - - - 1891:i 1,749 13,669,174 25,595,446 1895 1,305 7 9476,441 18,965,817 - - - · - - - - - - - - -1---·1-----11---1------1---- 1-----1 " 189 i 3,915 37,108,168 73,449,418 1895 3,471 33,182,888 60,577,969 H Maryland ...... . Delaware ...... . D. of Columbia.. Virginia. ........ . West Virginia. .. . North Carolina. South Carolina. Florida ..•...... Georgia ........ . Alabama ....... . Mississippi ....•. Louisiana...... . Tennessee ..... . Kentucky ...... . 2:i8 47 50 341 7"d 147 97 115 337 149 136 13d 303 30ti 1,598,992 92,tiO, 446,259 !,173,015 758,631 866,218 659,839 476,599 1,750,068 749,300 526,09"3 1,209,745 1,203,442 3,702,472 Z,770,366 211,300 644,~31 3,37f.,758 1,191,850 1,232,855 803,242 526,842 2,463,514 1,582,670 797,850 1,256,225 1,942,814 ;:$,931,384 1,316 38,146,7~3 2,514 31,392,107 990 33,014,442 2,432 25,596,441 319 57 79 337 78 'i9 76 75 228 123 141 23:i 252 327 82 4,688,!H7 641,100 1,165,615 3, l53,110 1,064,226 671,305 973,953 515,200 4,741,333 949,454 789,735 3,931,448 2,797,203 5,025,39-1 407,155 2,721,662 3,464,876 628,125 4,942,594 4,582,951 106,800 108,301 12 339 7,399,795 2,101 13,952,934 393 12,025,977 1,948 17,143,750 275 7,136,1 60 2,055 18,233,191 52 1,378,772 ti3 1,938,266 25 811,151 11 rn 51 ---- ------1------1---- - - - - · - 161 541 428 1,200,089 180,200 227,231 2,304,973 884,680 761,555 462,342 395,742 1,881,170 1,471,420 698,268 694,320 1,218,114 1,572,!;30 39 1896 2,404 24,095,';!59 31,107,993 1895 2,355 19,703,921 26,180,502 Arkansas . ..... . Texas .......... . Missouri .••..... 1,292,759 29,100 11,600 801,925 304,670 396,300 340,900 122,100 549,389 111,250 99,582 472,067 617,900 2,250,253 8 3 34 18 16 12 11 26 9 8 South.... . . . . . 2,492 15,713,273 22,731,50l 2,404 31,107,993 " " 2 1 186 2,09.3 ,802 751 10,486,435 528 6,362,162 168 38 ·44 298 54 129 85 102 306 140 127 111 255 244 152 519 344 ··g;ooo 32,955 ·sg:sss 527,475 4,279,294 3,144,500 5 12 3 6i9:soo 544:ooo 1,728,141 825,000 7 53 22 6,!'i52,5_&2 4,722,339 2,374,368 7 19 76 92,350 202,600 1,412,901 2 3 8 8,300 460,700 25,550 8 126,000 297,000 176,000 66 1,677,505 1,058 8,665,683 5,148,051 2,178,1 00 1,166,94.0 5,4 l5,900 2,297,102 2,950,939 1,897,592 816,128 4,246,548 1,238,51:!7 2 2,000 16 437,800 15 96,280 2 6,000 1 1,025 27 1,531,090 9 830,840 4 5 11 8 391,310 2,914,800 858,954 541 16,206,093 1,632 11,149,794 736 25,705,551 2,052 18,912,703 5:l4 17,446,067 1,746 16,391,288 54 2,465,235 49 9,677,303 41 1,062,950 28 4,881,064 48 18,889,360 10 1,083,651 1,840,253 1,623,35l 382,207 576,234 93,980 96,150 376,875 la0,448 459,838 909,699 83,806 4,500 13 2,435,338 2 18,000 2 5,000 2 25,074 13 8 5 4 4 3,969,086 956,900 1,138,681 126,950 92,000 · · ·3 650:000 3 2 7 601,636 132,000 250,000 6,577,341 9,773,239 9,823,639 21 2,488,2 l2 25 1,710,003 19 1,545,211 2 8 ----1-----1-- ----1- - -1-----111-- -1-----1-----1------1---1-----1-- - - - 102 1,707,851 1,015 7,951,269 13 494,550 599,000 18 112 3,719,088 1,335 14,633,888 18 591,4 rn 5,078,223 14 Southwest.... 1,130 " " 6,593,693 10,153,670 1,465 18,944,399 1896 1,465 13,339,236 18,944,399 1895 1,126 8,098,908 10,345,188 Ohio ..........•. Indiana .......•. Michis-a.n .....•. Illinois .••.....•. Wisconsin .. ..•. 6i7 5,522,442 8, l95,270 873 12,389,602 273 2,491,539 4,081,692 324 3,906,426 126 !t,037,869 1,984,093 153 8,473,087 903 13, 128,02:t 11,193,538 1,130 22,191,489 278 4,658,882 4,366,529 357 7,334,953 172 74 31 2113 46 - - - - -1------1---- - - - - -111--- - -- - - ----1------1---1-----1-- Central........ 2,227 27,8t8,754 29,821,1'22 2,837 54,295,557 u 1896 2,837 50,490,16 I 54,295,557 " 1895 2,311 Minnesota....•.. Iowa ..........•. Nebraska. . ..... . Kansas ........•. Oklahoma ..... . Indian Territory Montana ....... . North Dakota .. . South Dakota .. . Colorado ....... . Wyoming....... . New Mexico ... . 293 369 70 169 30 22 40 13 21 153 24 :t 34,799,786 34,800,305 3,467,074 1,551,880 360,638 529,650 71,860 43,570 435,823 218,736 133,893 648,960 45,850 4,000 5,519,592 2,067,901 445,857 620,708 93,980 96,150 3-''7,883 291,418 461,338 947,2:}9 86,206 4,500 345 408 180 235 23 40 56 8 16 ~8 20 5,256,898 3,207,726 1,054,177 1,224,743 85,550 194,750 439,400 95,062 101,900 2,119,200 23,347 I Utah............ Arizona......... iev~iit········ o::uon° on..... ca.iijornia::::::: Ala.ska.......... 162 75 8 559,125 119,385 45,900 13~ 169 653 428'.959 1,989,779 so2·004 2 1,200 Pacific..•....•. 1,'206 3,4t7,252 5,477,176 5,109, i46 " " -- - 1896 1,289 1895 1,204 966,122 36:.l,200 76,!'388 181 83 5 656:9~8 4,336,124 14§ 178 685 1,700 4 53&'~~g 1,244,001 426,:'i50 58,650 10.4 00 1 2 1 10 4 7,008 161,000 1,500 36,800 2,400 247 312 63 162 30 22 38 11 20 142 20 1,957,309 1,069 2,319,511 1,283 2,623,4 67 1,268 116 121 138 739,753 442,500 63,340 14 8 1 401,653 207,000 2,000 147 ·a·3 4:068:125 34 10:l 191,7 84 244, 147 538,7 75 100 129 537 11'664,402 8~T·t2~ 66 7 1 .... 2 6,931,207 1,2891 8,901,268 192 8,901,268 219 8,333,962 _ _ _ _ _ __1_8_3 1,585,359 989 2,581,746 1,032 __1_,4_8_3_,7_3_1_ _1_,0_0_9_ 13,803 1 iii3:ooo ----1------1- --1------1--- - - - - - - - - - - - 7,5ll,934 11,022,862 1,429 13,902,753 1896 1,429 11,902,326 13,802,753 I 1895 1,425 12,650,345 13,992,s17 Idaho............ 33 55 5 5 2 ---1-----1 ·- ----1---- - - - - West.......... 1,206 " .. 460 197 94 658 223 562.469 154,200 74,388 1,500 331,151 379,091 3,337,422 1,700 1 1 4,841,921 6,151,411 25 38 49 7,917,253 78 16,297,470 59 8,559,774 2,000 1,000 1 1 ··.:,:300 4 33,700 459,927 1 1 35,000 418,350 850:500 200,000 203,000 - - - - - - - - - - - - - - - - -1- - - - -1- - - - - - - I 1 1 503,927 168,111 8 16 1__6,_4_4_6_,6_3_1_ 1__1_2 1__4_o_3_,_6_o_o 1__2_1 United States. 13,351105,014,051154,332,07115,088 226,096,834 2,776 67,865,088 10,294 74,499,908 Total U.S. 1896 15,088 156,081,5t10 226,096,834 I 13,418 98,463,85111,352 109,046,620 Total U.S. 1895 13,197 121.021,535 173,196,060 2,635 73,920,073 10,381 92,706,422 1,706,850 1,643,000 _3_,_o_«_,4_7_8- 28111,967,075 ·171 28,249,700 318 18,586,363 198 50,718,915 181 6,569,565 132 20,710,210 CANADIAN FAILURES IN 1897. 'I OTAL COMMERCIAL. PROVINCES. Ontario .........................•...... juebec ....... .....• .•••••..... .....• •. ritish Columbia ..........•.......•• .. Nova. Scotia ......•......•.............. Manitoba .•... ..... ....•...•....... ..•. New Brunswick .................•..... Prince Edward Ishnd ..... ..•..••..... No. 851 608 66 166 62 50 6 Assets. Liabilities. 1,809 2,118 1,891 1,856 Newfoundland 1897 .. • , ••..••.......•. Newfoundland 1896 ..•......•.......•. Newfoundland 1895 . .•••.. .. ..... . ... . 25 22 49 No. Liabilit·ies. I No. Liabilities. 5,395,767 6,129,357 504,487 1,056,703 619,163 344,021 108,000 302 117 13 9 9 8 1 $ I 1,762,9491 533 ],524,571 480 132,4 501 51 40,0921 154 51 96,8 15 42 47,258 4 55,0001 12,656,837 17,169,633 11,500,242 15,802,989 13,510,056 17,616,215 459 590 441 494 3,659,1 35 1,315 9,931,806 5,692,977 1,503 11,381,482 5,872,502 1,439 9,788,932 5,893,385 1.345 11,436,258 3,887,726 4,573,603 549,585 637,114 669,182 178,259 79,000 $ ---- - ----10,574,529 14,157,498 1897 .. ••.... . .••...•.. .. ..••. 1896 ...•..••..••..•• ...•... .. ]895 .......•..••..........•.. 1894 ., ••...•..•...... ..• ... .. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis TRADING. : OTHER. BANKING. I ·- - - - - ---$ Total Total Total Total MANUFACTURING. I !6,998 77,707 789,463 107,657 122,053 1,317,130 4 2 7 $ 3,425,970 4,29H,189 369,037 989,611 509,236 ~96,763 42,000 1 7,206: ~g:~gg, 20 20 41 No. Liabilities. Liabilities. $ 16 11 2 3 2 $ 206,848 305,597 3,000 27,000 13,112 4 . --· . --· 122,000 35 25 11 17 566,557 9!>,224 141,555 281,572 5 3 7 6 154,000 212,000 613,0flO 876,814 1 2,500 1 21.020 .... .... . -.. ··-· -····--· 1 "32:000 .... ..... ---· ---·ii:ooo .... 1 . .......... - - - - -- - - - · - ------ --97,951 111,553 1.227.171 No. .... ----. ........ ......... ·····-·· BANKING, FINANCE AND CURRENCY. MO EY MARKET FOR SEVEN YEARS. We have compile<l in a convenient form, from our own journal and from the books of money brokers, and give on the pages which follow, a comprehensive record of all departments of the ew York money market for the last seven years. The tables require but little explanation. As will be noticed, we first give the call loan branch of the market-that is the range at the tock Exchange for each week, the week' s average rate, and the minimum rate at banks and trust companies. Following this we give time money · under that head we report separately transactions at 30 days, 60 days, 90 days, and four, five, six and seven month~-all representing choice collateral. Finally, the rates for commercial paper are presented. First among these appears double-name paper known as 60 to 90-day endorsed bills receivable. Following the double-name is single-name paper ; here it will be noted that in 1894 two new classes are entered, making three classes of single-name paper as against only one -class in previous years. 'rhis change grew out of a new practice by commission houses in dealing with acceptances of consignors. Theretofore commission houses had issued acceptances covering drafts made by -0onsignors which were classed choice 4 months double-named paper; but in 1894 the same houses began to give ,cash to consignors and issue their single-name notes, upon which they receive cash in the market, and these -were then termed prime 4 months and prime 6 months commission house names. :More recently rates for 4 months and for 6 months single-names have been identicalJ and the two are now comprised under one head. It will be observed that at different times in the years prior to 1897 classified rates are lacking for time loans or for paper, or for both. These represent periods of disturbed conditions. A review of the money market for 1897 by months will be found in the "Retrospect of 1897," the first article in this issue of the FINANCIAL REVIEW; similar monthly summaries for the other years will be found in previous numbers of the REVIEW. MONEY MARKET AT NEW YORK-RATES IN 1891. GA.LL LOA.NS. 189'1. A. t .4 t Ba1,ks&: Stock E xch'ge. TritstOo r OOMMERO'L PA.PER. TIME LOA.NS. 30 60 90 Four F ive Six Seven Months. Months. Months. Months. Doublena1ne. 189'1. Single-names. - - days. days. days. WEEK Ohoice Prime Good - · - - - - - - - - - - - - - - - - - - - 60 to 90 4 to 6 4 to 6 Endingdays. Months. Months. Range. Range. Av'ge Ran ge. Range. Range. Range. Range. Range. Range. - --- ---- ---- ------- - --- ------------2 - 2- 4 -412 412-512 __•. January 9 January 9 .. . . 112-2 3 3 3123123 -- 3312-4 3 -312 312-4 412-5 ..... 16 16 .... 112-2 2 2123 134 112-2* 2123 -312 312-4 4 -5 ··-· 23 z 3 23 .... 1 -2 2123 134 112-2* 2123 2123 3 -3124 -5 30 30 .... 112-2 3 3 1 5s 112-2* -- 22 -- 2123 February 6 .... 112-2 3 314-4 4 -5 : : : : February 6 3 3 2121 5s 112-2* -3 3 14-4 4 -5 .... 13 13 .... 112-·i ~ 2123 3 2121 5s 112-2* 3 3¾-4 4 -5 .... 20 3 31220 .. 112-2 2123 2 123 1 5s 112-2* 2 3 27 27 .... 112-i ~ 312312-4 4 -5 2 3 3 2121 5s 112-2* 2 3 312-4 4 -5 ·::·March 6 March 6 .... 112-1~ llls 112- -2* 2 3 3122 - 2 12 212212 3 3 13 13 .... 112-2 3 312312312212312 312-4 4 -5 .... 15s 112-2* 2 3 31220 312-4 4 -5 .... 20 .... 112-2 3123122123 3121 5s 112-2* 2 3 27 31227 .... 1111-2 2 3 312312312-4 4 -5 1 5s 112-2 2123 3123 ) 5s 112-2 312April 3 .... 112-2 212-312312334-4 4 -5 ::::April 2 122 3 31210 312-334 334-4 4 -5 ..... 10 .... 112 - 2 2 3 2 12 :.! 123 3 1 58 112-2 la121"7 31217 .•. . 114-'~ 112 114-2 312334-412 4 -5 .... 2 2123 2 123 3 2 312334-4½: 4 -5 24 .... 114-2 2 3 112 114-2 2122123 3 1312312May 2 3!:\i-412 412-512 ::::May 3 1. •. 114-112 13s 114-2 2 212212 3 3 1319_ 314-312 312-414 412-5 ..... 8 ... . 114-2 2 2 2123 112 1 14-2 2123 1 312-3!:li 334-412 412-5 .... 15 .... 114-112 1 3s 114-112 2 2 3122123 3 2 1222 .. _. 114-112 13s 1 14-112 2 2 312-334 3 34 4 14 412-5 .... 2 3 3122 122123 2 31229 .... 114-112 ) 3s 1 14-1 12 2 2 3 334-412 412-5 .... 'l122123 3 -5 ..•. June 4 5 .... 1 -112 114 l -112 3 3 -312 312-4 June 2 2 122123 -3 - 3 - 2 1 12 .... 1 -114 114 1 -112 3 3 -312 312-4 4 -4¼ ... 2122123 3 -3124 -412 19 19 .... 1 -114 118 L -1 14 3 3 2 2 2123 3 2 3 -3124 -412 .... 26 ... . 1 -2 2 2 3 3 1 18 l -2 2123 3 J"uly 3 3 3 .... 1 -2 2 2 3 -314 314-4 4 -412 .••. July 212114 112-2 2123 1 314-312 312-4 4 -412 ... . 10 .... 1 -1½ 13s 1 -112 3 3 3 --- 22 -- 22 -- 212:-( 3 314-312 312-4 4 -412 ..... 17 17 .... 1 -114 118 l -114 3 2122 24 ... . 1 -114 118 1 -1¼ 2 3 314-334 312-4 4 -412 ... 2 2123 3 - 11231 3 312334-4 412-5 31. ... 1 -2 2 2123 1 18 1 3 -- 2 7 ____ 1 -1~ 118 l August 312334-4 412-5 ::::August 3 2123 12 1 14 .... l -112 118 114-1 12 312-334 334-414 412-5 .... 2 -212 212--3 3 3123122 21. .. . 1 -2 334-4 4 -4121434-5 ..... 1 3s 1122 -212 t 3 t 3 -312 t 312- t 31228 .. _, 114-112 13s 11228 3!:li-4 4 -412 ,434-5 3 312312- 212334-4 4 -412434-5 : : : : Seprember September 4 .... 1 -11,;, 114 114-112 3 -312 3 12-4 :l12-4 21211, __ 114-112 1 3s 114-112 11 3 -312 312-4 312-4 3 12-4 3 34-4 4 -4124¾-5 .. .. 2123 18, ___ 112-212 214 2 -21218 3 312312-4 4 -412 4 -412 4 41215 -512 25 25 .... 2 -4 414-412 412-5 5 -6 314 3 t3 t3 +312-4 4 -4124 -412 2 October 414-412 412-5 15 -6 ::::october 2 .... 212-412 3 3 -4 4 412-5 412-5 3 3129 3 9 .... 212-312 3 3 -3123 -312 4 -412 4 -412 4 -4124 -412 414-412 412-5 5 -6 .... -6 1 16 .... 212-3 414-412 412-434 5 .... 4 2!:li 3 4 4 4 312-131223 .. _. 2 -2 12 214 2122~ 4 -4 14 414-5 15 -512 4 3123123 3 4 3 34-4 4 -412 412-5 30 30 ... . 112-212 2 ~12312312-4 312-4 2123 13 November 6 .... 1 12-2 12 2 2 -2 12 312-4 312-4 2123 -- 312--4 4 -4124½-5 ::::November 6 WEEK Ending- 1 r= 13 ..•. 20 .... 27 .... December 4 .... 11. ... 18 .... 25 .... 31. ... l½!-2 112-2 112-2 134-2 112-2 2 -4 2 -512 2 -412 134 2 -2 12 1¾ 2 -212 134 112-2 17s 112-2 134 ll'2-2 312 3 334 3 - 5 334 3 -4 - 212212- 212- 2123 3 312- - 212 2½!212212-212312-4 312-312-4 --- 3 3 3 2123 312-4 4 312-4 - 3123 3 3 3 4 4 312-4 - -- - 3123 3 3 -- - 3 4 4 312-4 - 3123123 3123 4 4 312-4 - - 3½!3½!312312- - - .... :i 12-412 412-5 3 14-4 ½! 412-5 3 -3124 -412 3 3 14-4 \4 -5 .... December 3 -3 14 312-412 412-512 :-J½-334-412 412-512 .... 312-4 4 -4lli 1412-512 .... 312-4 4 -5 15 -6 312 3 143 -- .... * The lower rate was at trust companies; banks, according to agreement, did not, except in few instan ces, lend at less than 2 per cent. t In this week quotations at one time were 31v312 for 90 days, 3~'@4 for four and 41v412 for five to six mo_n ths. t In this week quotations at one time were 3@3 ½I per cent for 60 days, 4 per cea.t for 90 days and 4@412 per cent for four to six months. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 13 20 27 4 u i8 2& 3l NEW YORK MONEY 21 MARKET. MONEY MARKET AT NEW YORK-RATES IN Ui96. TIME LO.ANS O.ALL LO.ANS. 1896. .At WEEK StockExch'ge. Ending 4. 3 -35 11. 1 -8 1~. 2 -6 25. 3 -412 Feb. 1 . 3 -6 8. 212-8 15. 212-7 22. 3 -4 29. 3 -5 Mch. 7. 3 -4 14. 3 -412 21. 212-412 28. 3 -312 Apr. 4. 2 -412 11. 3 -4 18. 212-312 25. 212-3 May 2. 2 -3 9. 2 -4 16. 2¼-312 23. 2 -212 30 . 112-2 June 6. 112-2 13. 112-2 20. 2 -3 27. 112-2 July 4. 2 -4 11. 1 -2 18. 112-3 25. 112-3 Aug. 1. 112-212 8. 112-6 15. 2 -8 22. 3 -6 29 :iJ -15 Sept. 5. 3 -12 12. 4 6 19. 3 -8 26. 3 -6 Oct. 3. 3 -6 10. 3 -12 17. 2 -9 24. 3 -10 31. 6 --127 Nov. 7. 4 -96 14. 3 -5 21. 212-4 ~8. 1 -3 Dec. 5. 1 -3 12 112-2 19 . 112-2 26. 112 - 2 60 90 days. days. days. 7 5 412 4 4 412 4 312 334 312 314 4 314 312 314 3 234 25s 234 3 238 2 134 134 212 134 238 Ht 214 212 134 314 5 412 6 612 512 6 434 412 612 612 612 25 15 4 312 212 214 134 OVMMEROIAL PAPER. Four Ftve Seven Six Months. Months_ Months. Months. Double-name. !;~~%~ - - - - - - - - - - - - - - - - - - - - - 6it/'{/o Range. Av'ge Range. Jan. 30 .At 6 Range. Range. Range. Range. Range. Nom!~ally 6 per ~ent for all ~.ates. 6 -8 " 6 6 6 6 - " " " " " " " -" " " " days. Range. Range. - - - - - - ---- - - - - - - - - - - - - 6 6 6 6 6 1898. :rii ~o~~e ~::~ Pr;lr;e WEEK Months. Months. Months. Months. Ending 6 6 6 6 6 6 6 - Single-nam~ 6 -7 6 -7 6 -7 6 -7 6 -7 6 6 6 6 6 6 6 -7 -7 -7 -7 -7 7 7 7 7 7 -9 Jan. 4 . -12 11. -12 18 -12 25. -9 Feb. 1 7 -8 5126 6 5126 6 6 6 6 7 -8 4 -5 412-512 412 6 412-6 412 6 4 4 6 6 6 6 7 -8 15 4 4 -5 4 412412-5 412-5 5 5 -512512 6 512-6 512-6 612-7 4 312-4 3 3 3124 4 4 -412 434-5 5 -512 5 -512 5 -512 6 -7 Mch. 4 4124123123125 -512512-6 512-6 512-6 6 -7 4124 4 4 4 412412412-5 412-5 5 -512 512-6 512-6 512-6 6 -7 4 4 4 4 312-4 412412-412-5 412-5 512512-6 512-6 512-6 612-7 4 312-4 4 412512-6 6 6 6 612A.pr. 412412-5 412-5 4 3124 412412-5 412-5 512- 6 534-6 6 6 61241214 4 3 -312 4 4125 -512 5 14-5~ 512-6 512-6 6 -612 4124124 4 3123123124 4125 5 -534 512-6 512-6 6 -612 3 13 212-3 3 3 3 3124 412-434 434- 512 5 512 5 -512 6 -612 May 312212-3 3 3 3 3 4 4 412-434 412-512 5 -512 5 -512 512-6 3123 3 3124 4 412-434 412-5 14 5 -512 5 -512 512-6 3124123 '3 2123 3 4 3124 412-434 412-514 5• -512 5 -512 512-6 41213 4 -412 4 -4124¼-434412-5 412-5 512-6 2122123 312312·2 2122123 3 3123124 -412 4 -412 414-4¾ 412-5 412-5 5¼-6 June 2 2122123 3124 -412 4 -412 414-4~ 412-5 412-5 512-6 3122 3 3 2123124 4 4124 -412 412-5 412-5 412-5 512-6 3 4 3 3124 4 4 - 412 412-5 412-5 412-5 512-6 3122 3 3 4 3123124 412412-5125 -5125 -512512-6 July 3 112-2 3 3 4 -4124 -412 312312I412-5 5 -512 5 -512 5 -512 512-6 2123 3123124 4125 -512 512-6 512-6 512-6 6 -7 4122123123124 5 5 512-6 512-6 512-6 6 -7 4126 6 I 2 512-6 6 -7 6 -7 6 -7 7 -8 Aug. 5 5 5 512-6 512-6 3 Nominally 6 per cent or all periods. 512-6 6 -7 6 -7 6 -7 7 -8 6 6 I6 I6 I6 I 6 plus a commission. 8 for very choice, other grades unquotable 6 ..--6 + 1 com. for 4 months and 6 + 2 com. for 6 months- 8 " " " " " 6 . . - - - - - - - 6 + ipercentcommission------- 9 -l0forbest, 6 ,.---6 + 1 commission~ 1,.--6 + 2 commission--- 9 " Sept. 6 ,.---6 + 1 commission--..- ,.--6 + 2 commission--- 9 ~--~ 6 - - - - - . - - - - 6 plus a <'Ommission -- - - - - - - - - - 9 19 1..----9@10 , 6 ,.----------6'ii17-------- ----- 7 7 ----8'iil 9 - - ---6 ..-----6 - - - - - - - - - - - - 612-7 7 -712 7 -7121 7-7¾ 18 -9 Oct. 6 ..---6 per cent nominal-lenders unwilling to loan--..._ ,.---Nominally 7 to 9 per cent.--~ 6 ,.• · - - - - - - 7 ' i i l 9 - - - - - - - - - - - . .1. . - - - - - - - 8 '@10---- - - - 7 -8 ,.- - - - - -71il10------ - - - - - - - - 7 'iil l 0 - - - - - - 12---Some business at 12 per cent for sixty to ti nety days--- . . - - - --- --712@10---- - - ~ 6 ,----Somebusinessat6perc-entforthreeto1ixmonths----. 6 6 ..----6®7----iNov. 6 -----412@5 per cent for ninety days to six months---.. 512-6 6 6 6 612-7 4- -412 4 -412 412-5 412-5 412-5 434-5 5 -512 5 -512 5 -512 512-612 4 3 3 3 312-4 312-4 4 4 4 -512 412 5 412-5 412-5 5 -6 2 3 312312! 4 4 312-4 4 -5 4 -:°l 4 -5 5 -6 Dec. 3 2123 3 312312;i12312312-4 312-4 3½!-4 412-512 112134 r~212 2123 3 312312312312-4 3¾-4.12 3¾-4½ 3¾-412 412-512 2 2 3 3 3124 4 4 3½-4 334-1½ 334-4½ 334-412 412-5½: 31 . t~-21., ?. 3 3 3½t 4 t 3¾,-4 4 -41., 4 -4~ 4 -4½ 412-512 z - 5 -6 - - - - - - 1! - - I~ -- - - - - - - - - 12 8. 15. 22. 29. 7. 14. 21. 28. 4. 11 . 18. 25. 2. 9. 16. 23. 30. 6. 13. 20. 27 4. 11. 18. 25. 1. 8. 15. 22. 29. 5. 12. 19. 26. 3. 10 . 17. 24. 3L 7. 14. 21. 28. 5. 12. 19. 26. 31. MONEY MARKET AT NEW YORK-RATES IN I ~9.'i. I 895. O.ALL LOANS. TIME LO.ANS. OVMMEROIAL PAPER. 1896. At .At 30 Foui· Five Six 8 1:ven 60 90 Double-nam". ___§jngle-name_s_._ _ Ba11ks& days. days. Xonths. Months. Months. Monlh<J. Ohoice Choice Prime P1·ime Good wEEK Stock Exch'ge. TrustOo -days. WEEK Six -- --- --- - - ---- 60 to 90 Four Four 4 to 6 E nding Range. A.v'ge Range. Range. Range. Range. Range. Range. Range. Range. days. Months. Months. Months. Months. Ending) --- 5. 1 -112 114 12. 1 -112 114 19. 1 -112 118 26. 1 -112 11s Feb. 2. 112-3 2 9. 1 -2 112 16. 1 -212 134 23. 1 -112 114 M ch. 2. 1 -5 112 9. 112-3 2 16. 112-3 214 23. 112-< 2 14 30. 2 -3 212 Ap r. 6.2 -3 212 13. 2 -3 212 20. 112-212 2--. 27. 112-2 134 M ay 4. 1 -2 112 11. 1 -112 138 18. 1 -112 1 14 25. 1 -112 114 Jun e 1. l -112 114 8- 1 -112 11s 15.1 -112 1 1s 22.. l -112 llg 2~. 1 -112 1 14 Ju ly 6. 1 -3 2 13. 1 -112 13s 20. 1 -112 114 27. l -112 114 Au g. 3. 1 -112 lls 10. 34-112 lls 17. 34-l 1 24. 1 1 31 1 1 Se pt. 7. 1 1 14. l -3 112 21. 112-3 2 28. 112-3 134 5. 112-212 2 Oc t. 12. 1 -3 214 19. 2 -212 214 26.2 -212 21s No v. 2.2 -212 214 9.2 -212 218 16. 112-2 2 23. 112-2 134 30. 112-212 2 Dec. 7 . 112-3 214 14 112-212 2 21. 1 -100 4 28. 3 -50 10 Ja n. --- - - - · - ---- --- - - - - - - - - ---- ---- ---- - - - - - - ---- - - - - · - - - - - - - - - - - - - - - https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 112-2 112-2 1 -112 1 -112 2 -212 2 -212 2 --212 1 -2 1 -2 2 -3 2 -3 212-3 3 -312 212-3 2 -212 2 -212 112-2 1121121 1 -112 1 1 -112 1 1 1 1121121 -112 l 1 1 1 1 1 l - -- - 1 112-212 2 2 2 -3 2 2 2 --212 2 L12-2 112-2 2 -212 212--3 212212-25 6 - - - 2 2 1122 2 2 2 2 2 - - - - 2 2 2 2 112-2 112-2 112-2 112-2 112-2 112-2 2 2 2 2 1121121121121121122 2 2 2122122122 2 2 2 2 2122124 -5 6 - - - - 2123 3 -312 3 -312 2122122123 3 -312 3 -312 2 1122122123 2 3 3 2123 -312 212-3 3 -312 312-4 4 4 3 3 312-4 4 -4124 -4124 -412 3 -312 3 -3½4 -412 4 -412 4 -412 ·3 -312 3 -3124 -412 4 -4124 -412 3 -312 3 -3124 -4124 -412 4 -412 3 --312 3 -3124 -4124 -4124 -412 3 -3123 -3124 -4124 -412 5 5 3 -3123 -312 4 -4124 -412 412-5 412-5 312-4 312-4 4 -4124 -412 4 -412 312-4 312-4 4 -5 4 -5 4 -5 3 -3123 -312 4 -412 4 -4124 -412 312-4 4 -4124 -412 3 -312 3 -312 312-4 4 -4124 -4124 -412 2122123 3 -312 3 -312 3 -3123 -312 2123 3 2122 3 3 2122123 2 2123 3 3 2122 112-2 2 212-3 212-3 212-3 2 112-2 2 212-3 212-3 212-3 2 112-2 'l 212-3 212-3 212 3 2 112-2 2 212-3 212-3 212-3 2 112-2 2 212-3 212-3 212-3 2 112-2 2 212-3 212-3 212-3 2 212234-3 2¾-3 234-3 2122 3 3 2123 -2 3 2123 3122 212212234-3 234-3 234-3 2 212234-3 234 3 234- 3 212 2 212234-3 234-3 234-3 2122 212234-3 234-3 ·l34-3 212234-3 234-3 234-3 2 2122122 234-3 234-3 234-3 2122122 2123 -3123 -312 3 -312 2123 4 4 3 312312-4 312-4 312-4 212-3 212--3 312212-3 212-3 312312-4 312-4 312-4 4 3 3 4 -4124 -4124 -412 3 3 312-4 4 -4124 -4124 -412 3 3 312-4 4 -412 4 -412 4 -412 3 312-4 312-4 2122123 212312-4 312-4 2123 212212312-4 312-4 2123 212312-4 312-4 2123 312-4 312-4 2123 4 -4124 -412 3 3123123 3 3124 -412 4 -412 3124 -5 4 -5 4 - 5 4 -5 4 -5 6 6 6 6 6 - - - - - - - - - - - - - - - - - - - - - 234-3 3 -312 3 -312 312-4 412-7 Jan. 234-3 3 -312 3 -312 312-4 412-7 234-3 3 -3123 - 312 312-4 412-7 234-3 3 -312 3 -312 312-4 412-/ Feb. 4 4 - 412 4 -412 412-5 7 4 -4124 - 5 412-5 7 312312412412-5 5 -512 6 -8 312-4 412'412-5 5 -512 6 -8 4 -4124 -412 412-5 512-7 Mch. 334 412-5 412-5 5 -512 6 -7 3 34334-4 414-5 412-5 5 -512 6 -7 434-514 434-514 5 -f>126 -7 4 4 434-5 14 434-514 5 -512 6 -7 4 -412 434-512 ,13.4-512 5 -6 6 -7 A.pr. 512 6 -7 412-5 412-5 5 4 412412412 - 5 6 -7 4 312-334 4 - 412 4 -412 412-5 5 -6 312-4 334-4 4 -4125 -6 May 3 234-3 3 -4 312-4 4 -412 5 -6 234::s -312 3 -312 312-4 4 -5 212-234 3 3 312-4 4 -5 212-2¾ 2¾-314 234-314 314-3124 --412 June 212-234 234-314 234-314 3 -312 4 -5 212-234 2 34-314 234-314 3 -3124 -412 212-234 234-314 234-3 14 3 -3124 -412 212 · 234 234-3 14 2 34-314 3 -312 4 -412 3 -314 314-334 4 -412 July 2 343 3 -3 14 3 -314 3¼-3 34 4 -412 3 3 14-4 3 14-4 312-4 412-5 3 314-4 314-4 312-412 412-5 3 312-4 334-4 4 -412 412-5 Aug. 3 3 14-312 334-414 4 -412 414-434 5 -6 3 14-312 334-4 14 4 -412 414-434 5 -6 5 -6 312-4 334-4 14 414412312-334 3 34-4 14 4 -414 414-434 5 -6 312-4 334-414 412-5 434-5 14 512-7 Sept. 312-4 4 -412 412-5 4¾-5 14 512-7 412-5 412 · 5 434-5 14 512-7 4 412-4¾ 412-5 412-5 5 -512 512-7 412-5 434-512 434-512 5 -512 512-7 Oct. 434-5 5 -512 5 -512 5 14-6 6 -712 4¾-5 5 -512 5 -512 514-6 6 -7 4¾-5 5 512 5 -512 514-6 6 -7 Nov. 412-5 412- 5 5 -512 6 412412-5 412-5 5 -512 6 4124 -412 412-5 412-5 5 -512 6 3¾-4 4 -4124 -412 412-5 5 334-4 4 -412 4 -412 412-5 5 Dec. 4 -412 412-4¾ 412-5 412-512 6 4 -412 412-5 412-5 412-512 6 412-5 5 -5½6 412412-5 6 6 6 7 -9 6 - - - - - -- - - 5. 12 . 19 . 26. 2. 9. ]6_ 23 . 2. 9. 16 . 23 . 30 . 6. 13 . 20 . 27. 4. 11. 18. 25 . 1. 8. 15. 22. 29 . 6. 13. 20. 27. 3. 10. 17. 24. 3L 7. 14. 21. 28 . 5. 12. 19 . 26 . 2. 9. 16. 23 . 30 . 7. 14. 21. 28 . 22 NEW YORK MONEY MARKET. MONEY MARKET AT NEW YORK-RATES IN 1~04, I COMMERCIAL PAPER. TIME LOANS. OALL LOANS. 189 4 . 1 8 94. Double-name. Seven Five Fam· __!!:_ngle-names. Six 90 60 30 At ..4.t days. days. Months. Months. Months. Months. 0/wice Ohoice Prime Prime Stock Bxch'ge. Ba·,,ks& days. Good WEEK TrustOo WEEK Six 4 to 6 - - - - - - - - - - - - - - - 60 to 90 Four Four --- --Ending Range . .4.v'ge Range. Range. Range. Range. Range. Range. Range. Range. days. Months. Months. Months. Months. Ending --- - - ---- - ---- ---- - - - - - - ---- - - - - - - - - - - - - ·- - - - - - - ------ - - - 312-334 4 -412 Jan. 6 . 312-4 312-4 3 3 212- !)() -519 .Jan. 6. 1 -112 118 2 -21..) 2 3 4 312-412 -6 13. -312 3 -312 2 212-3 212-3 1 3 2 2 4-112 -212 13 . 31220. 212,-3 3 -312 3 - 3½ 3¾-4½ 5 -6 2 2 2 -212 11220 . 7 s-112 1 434-6 -312 3 . -312 27 334-412 3123 · 3 -312 2 2121 3 2 2 2½27 . 12-112 4 -412 434-512 Feb. 3. 312-4 312-4 3 2 -3 2 -212~ -2123 --312 312-334 eb. 3 12-112 1 -412 -3124 5 3 10 3 -312 -6 -3123 2 2122 2121 3 i --3 10 12-112 17. 3 -312 334-412 3 -3 3 2 -3 2123 -- 412-6 2122 17. 12-112 1 24. 412-512 3 -312 334-412 3 3 2 -3 2123 21224. 12-112 1 3 412-512 Mch. 3. 312 334 412 2 2 -21.) 2 3 -4 3 -4 212212:.Mch. 3. 12-112 1 312-4 4 -512 3 10. 3 3 3 2 -3 ~ 2 2122 3 - 412-512 10 . 12-112 1 -17. 312-4 3 3 2122122 3 2 17 . 1 -112 118 2 -3 312-4 24. 412-512 3 3 3 3 2122 3 2 - 312-4 24 l -112 118 2 3 31. 3 4¼-512 3 2 2122123 2 31. 1 -112 118 2 -3 312-4 412-5 A.pr. 7. 3 3 3 2123 212. pr. 7. 1 -112 118 2 -212 2 212312-4 14. 412-5 3 3 3 2123 2 2 21214 1 - 112 118 2 21. 412-5 3 3 314 312 312-4 2122122122 2 21. 1 -112 118 2 314-4 4½:-512 28. 3 3 3 2123 2122 -28. l -112 115 2 2 234-3 3 -312 Fom·to Six 3 312-512 May 5. 3 212-2 3 2 May 5. 1 -112 115 112-2 11212. 234-3 3 -312 Months Names. 312-5 3 1 2121 -112 1 2 3 3 11212 . l 234-3 3 -312 :·12-4 19. 412--512 2 212-3 212-3 212-3 2 1121 19 . 1 -112 118 1 -2 .. -312 3 26. 3 312-4 212-3 412-512 2 212-3 212-3 1 2 1¼, -112 112-2 1121 26 3 -312 312-4 3 412-512 June 2. 3 2 3 2122 112June 2 . l -112 ~18 112-2 . 1 3 4¼-512 234-3 ~. 312-4 212-3 2 212-3 3 1 212 112-2 112-112 1121 9 2¾-3 3 312-4 412-512 16. 3 3 1 2 2122 1121121 16 . l 3 234-3 314-4 23. 412-512 3 3 1 2 2121 1121121121 23 312412-5 3 312-4 30. 3 1 3 2122121 -112 1 2122 30 1 3 -312 312-4 412-512 July 7 . 3 3 1 3 2121 -112 l 2 3 112July 7. 1 3 -312 312-4 14. 412-512 3 3 3 1 2 2121 -112 1 2 11214 . 1 3 -312 312-4 21. 412-5 3 3 1 3 3 -2121 -112 1 2 11221. 1 4 -412 314-334 412-512 3 28. 3 1 212-3 3 2 2 1 -112 1 11228 1 4. 312-4 Aug. 314-334 414-512 3 -312 -3123 1 3 3 l -112 l 212112-2 212..:Aug. 4 . l 314-334 312-4 412-512 11. 1 314-3 34 314- 3¾ 3 2 -212 2- 2123 1 -112 l 11211 1 3 3 4 . 18 314-3¾ -314 -414 412-512 3 4-4 3 334-4 4-4 3 1 3 212112-2 1122 18 l 4 -412 25. 412-512 3¾-4 3¾-4 3 -314 314-334 1 3123 ,112-2 212-2 11225 . 1 1 4 312-4 Sept. 312-4 412-512 -412 4 -3 3 1. 312-4 1 312-4 3123 212112-2 2 112ept. L 1 8. 3 -312 312-4 312-4 4 -412 412-512 1 3 -3½3 -312 -3 112-2 2122 1128 1 15. 3 -312 312-4 312-4 4 -412 412-512 1 3 -312 3 -312 3 212112-2 2 11215 . 1 22. 314-312 312-4 312-4 4 -512 412-8 1 312-4 312-4 3 212112-2 2 11222 . 1 29 . 3 -312 312-4 312-4 4 -412 412-7 3 1 3 2, 1 2 3 1 -2 2 2 112312-4 312-4 3 34-412 412-7 Oct. 6. 3 1 3 3 2 3 1 -2 2 112-0 ct. 6 . 1 234-3° 3 13. -312 3 -312 412-7 334-412 1 212-3 212-3 212-3 2 2 1 2 11213 1 212-234 3 3 -4 412-7 20. 3 3 1 3 2 3 2 1 1 1220 12-1 -4 3 3 3 212-234 27. 3 - 3 -- 3 -4 412-7 2121 2122 2 2 12-1· 11227 12-1 412-7 Nov. 3. 212-2¾ 3 3 3 1 2122 2 2 12-112 1 Nov. 3 12-1 3 -4 412-7 3 10. 212--234 3 3 2121 2122 2 2 1 1 10 12-1 17. 234-3 3 -312 3 -312 312-4 412--7 3 1 3 2122122121 11217 l 24. 3 1 3 212-- 234-3 3 -3123 -312 312-4 412-7 212-2121121 24 1 ') L 8 15 22 29. Dec. l -3 1 -112 l -2 112-2 112 2 llg 1 -112 118 1 -112 112 112--2 112 112-2 l:ls 112 112-2 112-2 112-112-2 2 212-3 212-- 212-3 l½-2 2 212· 212 · - ~ 3 3 3 3 3 212-3 212-21221.g3 - 212212 -3½3 -3½3 3 -3½3 -312 3 - - 234-3 -312 -312 3 -312 234-3 2¾-3 2¾-3 -312 2¾-3 - 312 -- - - 3 -3123 -312 312-4 3 -3123 -312 3½-4 3 -3123 -312 312-4 a -312 3 -312 319-4 3 -3123 -312 312-4 412-7 412-7 412-7 412-7 412-7 Dec. 1. 8. 15 . 22 . 29. MONEY MARKET AT NEW YORK-RATES IN 189 3. TIME LOANS. OALL LOANS. 1893. WEEK EN.DING- ..J'anuary February ::{arch pril i}lay -June } uly 15 ........ 22 . .... ... 29 .. ....... 6 ... .. .. .. 13 ... ...... 20 ......... 27 . ........ 3 ......... 10 ........ . 17 ...... ... 24 ......... 1 ... ...... 30 days. 60 90 days. days. COMMERCIAL PAPER Five Four Six Months. Months. Months. Single.- 3 -5 3 -15 3 -12 4 -40 1 -7 2 -5 2 -3 2 -5 2 - 12 4 -25 3 -25 4 -74 3 -25 3 -20 7 -11 2 - 74 2 -51 2 -6 2 -6 3 - 7 2 -6 2 -5 3 -7 2 -5 2 -5 112-3 112-3 1 -3 1 -212 l -2 1 -2 1 -112 1 -112 1 -112 1 - 112 1 -112 ¾-112 7 s-112 412 5 5 6 4 3 212 212 412 7 9· 15 8 8 5 10 9 5 4 5 412 4 4 3 4 3 212 2 2 2 5 -6 5 -6 6 -7 - 5 5 3 -4 4 -5 6 6 6 6 6 6 6 6 - -- 6 6 6 6 6 6 3 -6 1 -5 4 -5 412-5 3 --! 3 2 3 -! 112 2 -3 112 :l 112 212l14 2 114 2 2 -3 1 118 2 - - --- Ohoite 18 9 3 . WEEK ENDING- ---- - · - - - - - - - ---6 6 51.g-5&! 534-6 6 -7 .......... January 6 6 6 6 4 5 5 5 5 5 5 14-512 512-6 6 -612 ............ 4 4 4124125 5 434-5 5 -512 512-6 ·······-·· 4 4 4 4124124,34-512 512-6 3124124 3 3 3123124 414-412 412-5¼ 512-6 : ::: ::::::February 312-4 312--4 312-4 4 -412 5 5 5 -512 512-6 ............. 5 4 4 4125 5 5 412-512-6 6 -612 412-5 412-5 5 5 -5 12 5125 512-6 6 -612 ............ 6 6 . ......... March 6 6 6 6 -7 for all classes. 6 6 ........... 6 6 6 -6 -7 for all classes. 6 6 ........... 6 6 6 - 7 for all classes. 6 6 6 6 6 6 for all classes. 6 5125126 : ::: : : ::::April 6 5126 -9 for all classes. 6 6 512-6 5¼a-6 6 -7 612-8 ............ 6 6 6 fi126 6 6 6 6 512-6 for all classes. -----·-· 512512.. ...·· 6 .... 6 6 512-6 for all classes. 6 51.g.... ..... 512-6 for all classes. 6 5126 6 .......... .May 6 6 6 6 6 6 512-6 for all classes. 6 6 6 6 6 6 612-7 612-7 ·········· 6 6 6 6 6 612-li 612-8 8 -10 ............. 6 4126 6126 6 6 612-8 8 -10 412-5 412-5 5 5126 -612 7 -9 IS -10 ::::::::::June 512512-6 51.g-6 6 -612 612-7 7 -9 ............. 5 5 412-6 6 6 612-7 712-8 8 -10 ... ...... ... 6 6 - 6 - 6 - 6 - 6 - 6 - 6 -15 fllr all classes. 6+lo... 6 +2 c.* 6 + 14 o.• 6-r~alc* 1 +le.* o +oom. 6+1 o.* 6+112c,. 6 + com. 6+oom. 6+oom. 6+oom. - 61-COIU, 6 + oom. 6+oom. 6 + oom. 6+2 o. • 6 + com. 6 + com. 6+oom. 6+com. 6+coru. 6+com. 6+oom. 6 + oom. G+ oom. 6+oom. 6+oom. 6+oom 6 - 6 + nom. 6+oom. 6+oom. 6+oom. 6+oom. 6 + oom. 6+com. 6 + com. 6+com. 6+oom. 6+com. 6+oom. 6 + oom. 6 6 6 6 6 6 6 6 6 ·5 6 6 6 6 6 5 6 5 6 6 6 6 6 6 6 6 6 (l 6 6 6 6 6 4 4124125 -6 5 -6 5 -6 4 4125 -6 5 -6 5 -6 4124 4125 3 3125 3 -3124 -4124 4124 -412 412-512 412-512 4 -41.g 4 -4124 · 4½! 3 -5125 -512 312:~12-4 312-4 3 2123 3 2 212-3 212-3 312-4 312-4 2 2 2 212-3 212-3 312-4 312-4 2 3 -3123 -3¼ 2 2122122 3 212312- ~ 2123 2 -2122 -212 3 3 31231231.g-4 3 ½!--1 2 2 212212- - - 6t-oom. 6 +oom. 6 +com. 6 + oom. - - - - - - - - - - - In t~ese oases t!J.e borrower ha1 to pa.y tLt~ oommid:lion indicatetl in addition to interest. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Double--nmne. nam.e. Good - - - - · - 60 to 90 Oho-foe. ---- ---- - - Fo1w 4 to 6 Range. A.v'ge Ran{JC. Range. Range. Range. Rrp1ge. Ran_ qe. Ran_qe. days. Months. Jfonths. ---- - -- - - 7 ......... 4 -7 6 5 14 ....... .. 212-6 412 4 -5 21 ..... .... 212-3 312 4 4 28 ......... 1 -4 3 4 2 4 ......... 1 -3 11 ... ...... 112--5 212 4 18 ......... 2 -6 312 4 4 -5 25 ... ...... 212-12 4 4 ... ...... 3 - 12 6 6 11. ........ 2 -60 15 6 -15 18 .. .... .. . 119-20 9 6 25 ..... .... 1 -7 4 6 1 ... . .. . .. 3 -25 7 6 6 8 ......... 3 -7 5 8 ......... 15 ...... ... 22 .. ....... 29 . ........ 5 . ........ · ~ugust 12 ......... 19 ......... 26 ......... September 2 .. ....... 9 . ..... ... 16 . ........ 23 ... . .. ... 30 ...... ... l)ctober 7 .... ..... 14 ......... 21 ...... ... 28 .. ....... November 4 ......... 11 ...... ... 18 ......... 25 ......... December 2. 9 .. ::::::: 16 . ........ 23 ....... .. :30 . ........ w .At .At Stock Exch' ge Bankscf: · TrustOn 8 -15 for all clas-es. 8 -15 for all classes. 8 -15 for all classes. 8-6+2c." for all cla'3ses. 9-6 + lo. • for all classes 9-6 +- lo... for all ola. e . 9-6 + 1c.* for all ola es. 9-6 + lo. ~ ror all classes 12 -15 for all classes. 7 --15 for all clas,es. 7 -12 for all classes. 8 1218 734-8 8 -9 9 -11 8 -12 712-8 712612-7 7 -107 -10 6 -8 8 -10 6 514-512 534-6 612-7 512-612 6 - 7 5195 -512 512-6 6 -7 4¾-5 5 -51.g 512-612 4 412-5 5 -6 4 414-434 5 -6 312-4 4 -4125 -6 312-4 4 -412 5 -6 4 -4125 - 6 312414-434 5 -6 3~312-334 4 -t12 f> -6 • . ......... JUly ............ .... . ....... ..... ...... ::::: :::::Ang11St .. .. ...... .. .. ...... . : ::: :: :::·september ............. .. ... .. .... ----- --- -· : : ::: : ::::ootober ---- -- ---· 7 14 21 28 4 11 18 25 4 11 18 25 1 8 15 22 29 6 13 20 27 3 10 17 24 l 8 15 2:l 2::l 5 12 19 26 ~ 9 16 23 30 7 14 21 -- -··----· 28 · · ··· · · --· ... . .. .... November 4 .. .. .. .... 1L ........... 1 25 :: :: :: ::::neoember 2 ··· · ··--·· ---- -----· ·······--· -·- ·· · ···· 9 16 23 30 23 MONEY MARKET. EW YORK MONEY MARKET AT NEW YORK-RATES IN 1892. OALL LOANS. 189 2 . At At Stock Exch' ge. Banks& TrustOo WEEKENDINGRange. Av·ge Range. - - - -·212 3 -4 2 ..... . ... 2 -5 ~·a.nuary 4 3 9 ......... 112-4 212 3 -4 16 ........ . l -3 2 23 ........ . 1 -212 2 2 -212 30 ..... . . . . 1 -212 2 2 -212 Jiebruary 6 ........ . 1 -212 2 2 -212 13 ....... . 1 -212 2 2 -212 2 20......... 112-2 2 -212 2 27 ....... . . 112-2 2 -212 2 5 ......... li,,-2 .ltfarch 2 2 1i;-2 -212 12 ........ . 212-3 2 19 ........ . 112-2 li,,-2 2 2 -212 26 ..... . ... 2 -212 2 2 ... , .. ... 1¼-2 April 2 2 9 ......... 112-2 i -212 2 16 ..... . ... 112- 2 2 -212 2 23. --····· li,,-2 2 -212 2 30........ . 1¼-2 112 2 May 7 ..... .. .. 1 -2 112 2 14......... 1 -2 112 2 21 ......... 1 -2 112 2 28 ..... . ... 1 -2 June 4 ......... 1 -112 114 2 11.. ....... 1 - 112 114 112-2 18 ......... 1 - 112 114 112-2 112 112-2 25 ......... 1 -2 134 2 -212 July 2 ......... llQ-2 212 212-3 9 ..... . ... 1¼-4 3 2 16......... 1 -3 112 212-3 23 .... . .... 1 -2 1~ 2 30, ........ 1 -2 112 2 6 ......... 1 -2 .August 112 2 13 ........ . 1 - i 134 2 20......... 112-2 212-,3 27..... . . .. 112-212 2 312 3 September 3 ......... 2 -6 4 -5 4 10......... 212-5 412 5 17.... ... .. 4 -5 312 4 24 ......... 3 -4 412 4 -412 1.. ....... 3 -6 October 4 -5 8 ......... 4 -10 5 6 15 ......... 412-10 6 6 6 22 ......... 4 -8 512 6 29 .. . ... . . . 3 -7 6 6 November 5 ........ 5 -8 534 6 12 ......... 4 -6 5 -512 5 19......... 4 -6 412 5 26 ..... . .. . 3 -6 412-5 -6 412 4 . ........ 3 December 10.. ...... 4 -512 4 34 5 6 17. ... . ... 4 -25 7 6 24 ......... 3 -40 10 6 -10 512 31. ........ 4 --- ------- - - TIME LOA.NS. OOMMEROIAL PAPER 18 9 2. SingleDouble-name. name. WEEK Ohoice Ohoice Good ---- - - - - - - - - - - - - - - - - - - 60 ENDINGto 90 Fou1·§ 4 to 6 Range. Range. Range. Range. Range. Range. Range. days. Months. Months. --- - - - - - ---- - -.- 412412312-4 4 3 4345 -512 512- 6 ..•.. Janu'y 2 4 4 4123124123 9 434-5 14 5 -6 4124 3123124123 4124½14 34--5 14 5 -6 ---·· 16 3124 3 4 3 4 212414-4125 -512 2a 212-3 212-3 312-4 312-4 312--4 2 312-334 4 -4125 -512 ·---· 30 4 3 -3123 -312-! 4 2122 334-41,z 412-512 ..... Febr'y 6 312212-3 212-3 312-412 312--412 312-412 312-412 3½2 412-512 ....• 13 4 212312-4 312-4 312-4 3 4 -412 412-512 2123 34·20 4 4 3124 3 3124 3 412-5 41227 312-4 :-l12-4 312 - 4 4125 5 4 3 412-5 5 -512 :::::March 5 4 3124 312412419-4 3 412-5 5 -6 12 4 3 4 3124124 4123 412-5 5 -6 ··--· 19 312-, 4 3 4 4 3 312412-5 5 -6 26 4 4 3 3123123 334-4 4 -412 4¼-512 :::::April 2 4 3 4 3 312312412-5 4 3122129 3 3 ·2 3122123124 -412 412-512 312 16 212-, 3 4 312~ 4 2~2 4 -412 412-5 . ... 31223 3 4 3 4 2123123 14-312 3:\1.-412 412-5 2 30 1 2 3 3 2122 312--4 312-4 3 4-312 334-414 412-5 : ::·:May 7 2 4 212-3 212-3 3123123 -314 312-4 4 -5 ...... 2 14 2 4 212-3 212-3 3123 -314 312-4 4 -5 ..... 2 31221 212-, 3 2 3 3 2 312312312-4 4 -5 ..... 28 2 3 -3123 -312 3 -312 234-3 312-4 4 -5 .... .June 2122122 4 2 3 3 234-3 314-4 4 -5 ··-·· 2123 212-2 lJ 2 3 3 2123122~-3 3 -312 312-4 12 2 18 4 4 3123 3 3 -314 312-4 4 -5 2 25 3 3 3 312-4 4 - 5 :::::.ruly 212312-4 312-4 2 2 4 3 :-114-312 4 -412 412-512 312212312-212-9 4 3 -314 334-412 434 512 ----· 3 3 31231221216 3 3343 412-5 434-6 . .. .. 212312--4 312-4 2 23 3 312-4 312-4 312-4 312-334 4 - ~12 412-512 3 21230 2 4 312-334 334-4 412-e>12 ..... August 6 3 4 212~12312-2 3 3 312-:i34 334-4 414-512 ..... 312 21231213 2122 3 4 -414 414-434 412-512 ···-· 312--4 312-4 312-4 3 21220 2 4 -412 5 -512 512-6 4 412412-31227 3 3 4 414-412 512-6 4124 412514-5 3 :sept'r : : : : 3123 412-5 512-6 6 5 6 5 41210 5 6 512512-6 6 -612 6 5 17 5 4345 512 6 6 -612 ... .. 41224 412512512--6 ..... October 1 5 5 4124 4 5 z 412412-434 5 -53.46 -612 ..... 5 0 5 4 4 5 8 5 -512 512-612 612-7 ....... 6 6 6 15 t:,' 5 5 -512 6 6 6 -7 . .. . . 6 E;" 22 6 6 5 -5126 Jq 512512-6 6 -612 6 6 6 29 6 6 5 p, 5 -512 512-6 6 -612 ..... Nov'r. 5 6 6 6 512512-5 0 5126 -612 6 6 512-6 12 6 6 5125 t:i 5 -512 512-6 ··-·· 5 5125125 19 5 5 412-~ 434-5 5 -512 512-6 5125125 5 26 5 4125It.,-6 6 5 6 6 :::::Dec'r 5123 5 5 5 512-6 ·-··· 5125125125 10 4 -4124 -412 5 5 514-512 512-6 ..... 6 6 6 5 17 5 5 6 ..... 24 6 6· 6 6 6 6 6 ..... J 6 6 31 6 6 30 days. 60 days. 90 days. Fi,ve Four Six Se'v en Months. Months. Months. Months. - ..... - ----· ----· - --- -· - - - - - - - - -- ·---· ... ----· - I I - 6 This is tht-1 class of paper commonly known as oomm1ss10n hou~e names. MONEY MARKET AT NEW YORK-RATES IN 1 8 91 . TIME LOA.NS. OOMMEROIA.L PA.PER 1891. l <,• 60 30 Seven Six Five F01tr 90 WEEK Double-name. days. ~. day Months. Months. Months. Months. days. Stock Exch'ge. Good Ohoic e Choice _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ __ ENDING60 to 90 Fou1·§ 4 to 6 Range. • A.1,g Range. Range. Range. Range. Ra»ge Range. Range. Range. _ _ _ __ Months. Months. dayR. -- - - 6665 67 -8 8 -812 ..•.. Janu'y 3 7 3 -9 10 412 6 612-7 7 -8 ..•.. 612212-6 6 6 6 6 6 4 5 -6 5 -6 5 -6 5 -6 ) -6 5 -6 17 2 -6 6 -6½ 7 -8 . .... 6 - · 6 21 3 6 512-712 6 434-5 512-6 434-5 -512 · 5 2 -5 434-5 5 6 434-5 1~-5 134-5 11241,,_ 4 4 3l 3 512-6 534-7 ...... L12-5 5 5 5 5 -4123 4124123 -4 5 -5½ 6 -7 ..... Febr'y 7 5 2 -4 5 5 -5 5 -1124124123 -4 3 14 5 -5½ 6 -612 . . . .• 5 5 112-4 3 5 3 -1124124125 1 21 212 5 -5 ½ 6 -612 . . . . • 5 2 -3 5 _ 5 _ -112~ _ 28 4 _ :3 -4 512-534 6 -7 ..... 5 5 i -412 3 , 1 555513 5¾-612 6 -7 ..... March 7 512l -4 5 5 5 3 412212 3 -4 2 -4 14 5 -512 534-6 14 6 -7 . --·· 3 2 -4 21 -J ~ , __ 512-6 6 -7 ····· 45 ,_ 5 5 5 412~ 1 2~ 3 5 - 512 512-6 6 -7 2 -4 *"' ...,.112l o -1 5 3 5 3 -112t -112=t :1 12-4 5 - 512 512--6 6 -7 :::::April l 12-'1 3 1i 5 5 5 -512 512-6 6 -7 ..... 112-1124122 --4 J -4 3 5 4121124 18 4 aq 312 -1 514-534 512-7 . . ... 5 2 -6 112-5 412-5 5 -51!. 1 4 312 :3 -312 25 5 -5½512-612 5 3 -5 -112- 5 412-5 5 -51. 3 -512 434-5 5 -5½ 512-6½! .... May 4 2 4 §' 212-9 312 :312-4 512-6 512-6 -'>125 9 5 8° l 4 5 - 512 512-6 6 -7 . . . . . 3 -6 66666aq 16 5 - 512 512-6 6 -7 . . . .. 412 ,) 212-7 2a 412 5 534-6 6 -7 . .... 5126 6 3 -6 6 6 ; 6 512-6 512-6 512- 6 w 3 412 412-5 212-6 ·i 6 :::::June ~ 4 ~¾= 0 5 212-5 13 6 -7 . . ... 6 6 6 5122 -5 512312 1 -112~ 20 3 534-612 6 -7 ..... 5121 -4 12 ~~= g12=6 ~12=6 16 - 1 512- 5!\i.-6141 6 -7 = ~ 27 212 l -3 1 4 512-6 5 4124123 4 512-6 5:\1,-6 4 6 -7 :::::July 2 -4 El .t z 512- 534-6 6 -7 ..... 11 -1 -4½: 412-5 512-6 512-6 312o 212 3 -4 112-3 o 512-6 512-6 5 -11218 2 g 4 :1 -4 534-6 6 -7 . . . .. 512112-3 "'" 61225 6126 -7 . . . . . 6 4 -412 112-5 6 512'<1 3 -4 112-212 2 g 6 6 - 612 612-712 .... . August 1 6 534412-5 412 !5 6 ·, 112 .J -4 l -2 ~ 6 6 6 lr. -5 .) -51,, 5 --4 3 8 6 - 612612-712 5~1~ 112-2 p. 66 5--6--6 J 3-4 15 2 6 -612 612-712 . . . .. 5 34112-4 22 512-534 534-6 6 -612. .... 112-3 214 ~ 5 34-6 6 -612 612-7 =51., g12=g i,, i12=6 i ~ 6 i12=6 = 29 212 2 -5 il'l 6 6 6 -612 6 -7 :::::sept'r 5 534312 3 -4 412-5 5 -512 6 - - - 6 l -5 c 666 512 54l4 6 -612 6 -7 . . . .. 5¾ 212-7 6 19 6 6 6 412512--5~ 6 -612 6 -7 . . . .. 4 -4-12 4123 2 -5 66 6 626 665534-6 6 -612 6 -7 . . . .. 2 -25 6 6 -612 612-712 .••.. October 3 6 2 -12 6 6 6 6 6 6 6 6 10 .• . . . 612-712 -612 6 5=4-6 6 6 3 -6 6 6 512512512 6 17 534-612 6 -612 ....• 5344 -412 4 --412 5 -512 5 -512 5 -512 5 -512 412 4 -5 3 -5 24 534-614 6 -612 . . . . . 5124 -4124 -4125 -5125 -5125 -5125 -512 3 -5 312 4 412-5 412-5 ,j - 6 5 -6 31 412512-6 534-612 . .. ..• 5 3 -5 312 312-4 4 6 6 6 6 5 5 -512 512-6 6 -612 ..... Nov'r. 7 3 -15 512 5 -6 5 14 4 -412 4 -412 5 -512 5 -512 5 -512 512--6 6 -612 . . . .. 5 4 12 4 -5 3 -7 El 21 514-534 6 -612 . . . .. 5 4 --412 4 -412 4 -412 5 -512 5 -512 5 -512 4 -5 4 3 -5 0 14-534 6 -6½ .. -·· 5 5 t:t 4124124 4 28 5 5 212-412 312 4 ~ 5 5 -512 512-6 . .... Dec'r 5 412-5 412-5 412-5 4 4 3 -4 4 3 2 -6 51212 5125124~-5 5 -512 512-6 . . . . . 4 -412 4 -412 5 3 -4 2 -312 3 19 5 -512 512-6 ..... 4344 --412 4 -412 4 -412 412-5 412-5 412-5 234 3 -4 2 -3 412-5 412-5 412-5 412-5 4 4 3 -4 26 2 -412 3 5 -512 512-6 . --·· 434OALL LOANS. 1891. WEEKEN.DING- I At Al f,~~~~1/!,, ~::;:n:.- _________ ,___ January February 3 ........ 10........ . 17 ......... 24 ......... 31.. ... . .. . 7 ....... .. 14....... . 21. ........ 28 ........ . 7 ........ . March 14...... . . . 21. ....... 28 ........ . 4 .. ....... 11.. ....... 18 ......... 25. ······ · 2 ........ . 9 ......... 16......... 23 ........ . 30......... April May 6 ...... _.. June "\ July August 13 ......... 20 ......... 27......... 4 ......... 11......... 18 ......... 25 ......... 1 ......... 8 .... .. .. . 15... . ..... 22 ...... . . . 29 ......... September 5 ......... October 12 ......... 19 ........ . 26 ......... 3 ......... 10......... 17........ . 24 ......... 31. ........ November 7........ 14......... 21.. .... . . . 28 ......... December 5 ........ . 12......... 19 ......... 26 ........ . l s· g~= = ! 1 =4 ± g ± ±~ § This is the class of paper commonly known as commission house names. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis J =: i NHW YORK CITY NEW YORK UITr BA KS IN 1897. 1'o indicate the bank movements at this centre we furnish below a summary of the returns of the New York lcaring-House institutions for each week iu 1897. We omit in each column the last two figures. The Clearing-House returns, as is known, always give the averages for the week, not the results at the end of the week. NEW YORK CLEIB[NG HOUSE BA'<KS ,TATEllENT- O IIR OUITTED) 189'7. Week" Ended- Loans. Deposits. Legal tenders. Specie. -- ----- ---- ---- Rel!!'ve to deposits. - - $ Per Ct. Jan.$ $ $ 2 ..... _, 491,375,9 530,785,0 76,342,3 8P,640,9 31·27 548,0;:H•,2 76,893,0 104,108,0 33·02 9 •....•. 491,116,2 16 .... _•. 491,399,2 557,386,a 77,821,3 113,697,8 34·36 23 ...... . 490,338,7 563,47!>,6 79,134,1 118,803,6 35·12 30•...... 488,765,7 06::1,3H,t: 79,ti84,ti 120,296,b 35·51 Feb.6 •.... _. 497,513,6 568,961,8 79,559,5 117,221,0 34·5>13 ....... 500,367,7 568,u75,I 80,192,5 113,<l64,5 34·09 20. ··-·· 49-',747,6 5i2,670,6 82,817,0 116,016,6 34·72 27•. . .... 497,t;09,7 5";"3,769,3 83,940,9 117,022,4 35·02 Marcb6 .... __ _ 502,061,8 577,461,1 85,061,7 114,860,5 34:62 13....... 505,91~.5 578,693,8 85,274,l 112,262,9 34:13 20....... 5, 6,3· o,o 5,4,328,5 85,534,'2 106,216,9 33·38 27 ..... 50!,47e,2 571,723,(J 85,996,9 ,1 05,829,6 33·55 April3 ....... 502,732,7 569,226,5 85,988,3 103,984,9 33·37 10.•.. ___ 502,512,6 ~65,916,6 85,868,4 101,780,8 33·H 17...... 503,988,2 56~,859,2 86,624,3 102,557,4 33·~5 24 ....... 504,847,, 574,704,8 8';-,073,1 105,881,0 33·56 May1 ....... 505,831,7 576,e63,9 87,329,8 105,803,9 33.48 8 .....•. 504,920,1 570,361,3 87,570,7 99,115,6 3.! ·73 15 ....... 505,951,1 572,212,8 8!;,13'2,', 99,411,:'> 32·77 22 •... - .. 504,U5?,3 572,131,4 88,295,5 100,736,3 33·0~ 29 ....... 507,509,7 575,600,0 88,b79,~ 101,536,9 33·09 June5 ....... 511,918,i 581,255,1 89,310,9 101,323,7 32·79 12 •...••. 513,728,7 585,110,5 8U,267,8 104,till,::1 33·13 19....... 518,550,8 5112,528,2 90,05l 1,:2 106.472,>- 33·16 26 ....... 521,681,t> 597,094,6 90,4.00,2 108,112,6 33·2i July3 ....... 532,707,9 601,983,7 90,496,6 102,134,.2 31·83 10....... 533,766,6 6 v7,0l:S~,f> 90,f>O.:i,~ 102,776,~ 31·80 17 ....... 534,154,4 6la,:.c.67,2 91,231,2 101:1,122,5 32•f\1 24 ....... 1540,074,6 622 5~5 7 91,377,9 111,615,1 3t·60 31. ...... 542,U96,2 623:045:1., 91,497,4 109,984,U 32·33 A ug.7 ....... 549,562,4 626,232,3 92,129,8 105,430,4 31·54 14 ....... 555,170,8 630,5!:!9,9 92,612,~ 103,917,9 ~l•lti 21 ....... 558,6h,3 635,997,4 93,205,6 105,547,2 31·25 2f:I •....•. 560,874,5 636,996,0 92,628,1 106,138,6 31·20 Bept.4 ...... 569,291.2 641,759,4 92,423,4 102,130,6 30·31 11 ...... . 576,643,8 042,149,IJ 92,153,'i 95,052,6 29·15 18 ....... 579,313,'i 635,958,5 91,804,2 87,080,6 28·12 25 ....... 076,585,4 625,356,0 91,870,6 80,465,9 27·64 Oct.2 ....... 571,993,4 619,353,2 92,< 65,1 78,023,6 27·51 9 ....... 571,7:H,l 616,737,~ 9::1,948,5 73,721,3 27·h 16....... 169,117,9 616,079,6 94,b86,'i 73,747,7 27·37 23 ....... 562,175,4 617,465,2 100,756,3 76,514,7 28·70 30....... 567,200,5 625,339,2 101,611,3 78,995,3 29·88 N ov.- 632,343,1 635,331,8 643,117,4 65U,861,5 6 ....... 13....... 20....... 27 ...... 574,035,!; 575,316, 580,170,1 594,267,5 102,176,0 102,85ti,3 103,050,2 104,150,5 77,091,0 77,741,8 80,537,4 83,375,8 4 ....••. 11. ...... 18 ....... 24...... 31. ...... t This is 597,74.J,O 666,278,6 104,489,8 607,775,3 675,169,9 103,879,9 606,679,3 669,891,-1 l04,2b7,0 610,606,3 669,132,6 104,403,7 607,781,6 675,064,2 104,730,7 the surplu lil exc1;;ss of~., p1:1r 84,202,8 83,800,0 78,931,9 74,402,9 79.824,l D t'C.- Ct;OL 28·34 28·4.2 28·63 28·42 Surplus reserve t - --- - $ 33,286,9 43,\:HH.4 52,172,5 57,067,8 59,148,& 54,5t0,0 51,ti38,'2 55,665.9 57,520,9 55,556.9 52,863,5 48,168,9 48,895,7 47,666,!) 46,170,0 46,966,9 49,257,9 48,917,6 44,09. ,,9 44,490,5 45,99 ,9 46,tH6,l 45,320,8 47,601,4 48,390,9 49,239,1 41,384,8 41,361,3 46,036,9 47,361,5 45,720,1 41,002,1 38,882,7 39,753,4 39,517,7 15,550,4 13,485,5 14,614,5 22,90i,7 24,271,8 21,181,2 21,':'65,l :t3,40S,2 22,560,9 28·32 22,122.9 27·79 1S,8i:s7,4 27·36 15,726,0 26·72 11,523,4 27•3::J 15,788 7 a.gain t tile deposits. :\IAXIl\lUM AND MINIMUM DEPOSITS OF NEW YORK CITY BANKS. I Mi nimum. 1886. . ............. .. ...... $396,080,800 Feb. 13 $345,708,500 Sept . 1887.. ... . . . . . . . . . . . . . . . . . . 392,771,200 Feb. 12 341,935,900 ept. 1888•........ ·. ..... . ....... 421,884,300 Oct. 20 371,305,900 Jan. 1889........... . .... .. ..... 445,797,500 July 6 395,600,600 D ec. 1890... .. . .. ... . . . ... . .. . .. 431,599,600 Feb. 8 376,746,500 D ec. 1891............... . . . ..... 455,306,300 Dec. 26 383,491,500 June 1892................... . ... 543,663,100 June 18 444,370,100 Dec. 1893.. ....... ... . . . . .. . . . . . 506,437,800 Dec. 30 370,302,400 .A.ug. 1894....... . ...... .. ..... .. 595,104,900 Nov. 3 1 518,524,600 Jan. 1895................. ...... 577,223,300 .A.ug. 17 \ 500,822,300 Apr. 1896........ ............... 525, ~37,200 D ec. 26 438,437,600 Nov. 1897..... . ...... ...... .. ... 67fi, l69,9uO Dec. 11 530,~5,000 J a n. 11 24 7 14 13 13 24 19 6 6 7 2 MAXIMUM A D MINIMUM SURPLUS RESERVE FOR TWELVE YEARS. Maxim um. 1886... .. . . . . . . . . . .. . . . . . . . 1887............. .. . . . . . . . . 1888............ . .......... 1889... . ......... .. . . . . . . . . 1890............ . .. . . . . . . . . 1891.. ... . . . .. . .. .. . . . ... .. 1892.. .. . . . . . . . . . . .. . . . . . . . 1893............. ... . . . . . . . 1894................. ...... 1895............. .. . . . . . . . . 1896............... . ....... 1897. ....... ...... ........ lt,36,156,425 J a n. 22,298,450 Jan. 28,463,700 June 20,014,800 Jan. 15,031,650 Jan. 24,089,775 Jan. 36,020,900 Jan. 80,815.150 Dec. 111,623,000 Feb. 45,880,450 Jan. 40,182,425 Feb. 5~,148,250 Jan. 18 25 29 5 13 3 15 12 8 30 7 24 W c add the following two tables to show the condition of each bank at the beginning and end of the year. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis I . I Jn.o. ~,.US97. ,oos omitted:>_ Capital Snrpl'.~ I Loans. I Specie. \ Legals. I I I Bank of New York. $2,000,0 $1,916,0 $12,490,0 I Deposits. I I $2,060,0 $1,300,0 $12,180 O M.a.ahatta~ Co.•····· 2,050,0 2.146,2 13,208,0 Merchimtt1, •·····•· • • • 2,000,0 1,048,2 10,161,8 Mech~nlcs .......... 2,000,0 2,209,41 8,826,o ' Americ.. •····-···--· 1,500,0 2,508,41 17,949,3 Phtrnix.............. 1,000,0 361,9 4.078,0 City·..... , ·· ······ 1,000,0 3,582,:i 23,615,3 Tra.d~sm,en °......... 750,0 86,5 2.034.9 Chemica•. •····- •· 300,0 7,381 ,7\ 22,996.7 Merchauts' Exch'ge 600.0 185,9 1 4,263,6 Gallatrn -•· -• · ··· · · -J 1,000,0 1,648,0 6,241,6 Butoher_s ' & Drov'rf 300,0 209,8 1,250,ol Me ha.mes' & Trad s 400,0 278,6 1,840,0 Gre .. nwich .. ······ 200,0 158,4 930,1 Leather i\lanufac'rs. 600,0 495,9 3,528,8 Sev nth . . •···· · ····· 300,0 105,4 l,36o,3 State .of N~w York. l,20u,o 500,9 3,450,7 Ame 1can Exchange 5,000,0 2,4e2,l 23.479,0 Commer, e • •···· •· •·· 5,000,0 ::1,672,8 22,989,4 Broa.dw~y............ 1,000,0 1,665,5 5,535,3 .U:ercantile........ ... 1,000,0 1,000.0 7,654,9 Pacific -···· · · ....... 422,7 482,5 2,271'1,l Republic............. 1,500,0 938,6 11 ,627,0 Chdth LID............. 450,0 980,3 6,055,2 Peoples'. . ....... 200,0 235,7 1,507,9 North America...... 700,0 593,0 5,681 ,8 Ha.nover .... . ....... 1,000,0 2,063,3 l 7,472,2 Irv_ing •;············· 500,0 355,6 2,870,0 CiLizenc, ............. 600,0 413,6 2,714,4 Nassau............... 500,0 276.8 2,168,4 Mark1L & Fulton... 900,0 1,026,7 5,813.1 Sh ie & Lea her..... 1,000,0 105,4 3.301,0 Corn Ext:hange. .... 1,000,0 1,292,6 9,03 5,1 Continental.......... 1,000,0 231,8 4,846,8 Orienta.I. . . ..... 300,0I 406,8 1, 766,0 lmporters'& Tr;i.d'rs 1,500,0 fi. 715,3 22,256,0 Park .. ._.......... . .... 2,0QO,O , :i,253,5 24,460,3 Ea.~t River. ......... 200,0 141,2 1,153,4 Fourth............... 3,200,0 1 2,110,3 20,549,3 C,mtral............... 2,000,0 11 549.3 8,769 O S•cond .............. 300,0 6~2.6 4,561:0 Ninth................ 750,0 3:J0,1 3,050,3 First.............. .. 500,0 1 7,035,2 23,412,6 Third. . ..... ... . ..... 1,000,0. 260,6 7,950,3 N. Y.Na"/lExch'ge. 3Qo,o : 71,7 1,283,7 1 B1werv. .............. 2o0,0 601,5 1 2,864,0 New York County.. 200,0 422,7I 2,4619 Gernia. 1 American.. 750,0 ~93.0 2,498'.2 C~ase..... .. ... . .. 500,0 11 l,oOO,O 15,949,3 Filth A veo ne........ 100,0 1,087.61 6,801 ,3 uerma 1 _Exchange.. 200,0 1 606,6 2,463,2 Germania...... ...... 200,0 11 679,91 3,281,6 U_nlted otates....... 500,0 ~8~.81 5,441.4 Lmcoln ........ ..... 300.0 1 610.0 5,547,3 Garfield ... . ........ 200,0 70 .3; 3,6:'13.7 Fi.fib ....... . . . . 200,0 314,2 1,590.6 Bankof 1he Metrop. 300,0 803,2 4,349.8 West :--lde. . ... ... ... 200.0 1 323,41 2,026,0 Seaboard............. 500,0 301,5 5,655.0 Sixth............. 200,0 347,1 l ,6HO,O Weste~n .. . . ......... 2,100,0 420,6 12,:i69,9 Fi•·st Nat. B'klyn... 300,0: 940, 71 5,094,0 Nat. Unio'l Bank ... 1,200,0 1 581,8 9,372,6 Liberty Nat. Bank.. 500,0I 236, 7 2,460,6 N. Y.Prod.Exch'ge. 1,000,0 318,1 3.388.9 ···1 1 2,ti.42,0 1 2,651,3 1 1,122,01 2,327,0 284.0 5,592,3 220,3 3,tii:s6,6 805,0 I 553,0 152,0' 265,0 I 113,2 338,0 248,7 144,3 1,677,0 1,998,9 708,4 715,9 414,5 J.225,3 545,0 253,0 871,3 1 4,801 ,9 254,6 484.0 187,5 680,4 369,1 1,350,2 556,0 148,5 3,156,0 5,683,3 151,1 2, 755,1 1,231,0 857,0 359,2 3,3n,s 1,470,0 128,8 415,0 565,2 l:!7,91 3,8o6,4 1,189,4 280.~ 512,6 1,072,1 82:1,9 853,9 206,9 797,5 176,0 74 7,0 161,0 8B4,6 618,0 1,541,0 298,8 564,3 2,tl73,0 15, 760:o 2,012,3 13,051,6 1,350,0 7,807,0 3,088,0 20,551,2 774,0 3,812,0 3,931, 7 28,2 7B,~ 534,1 1,855,6 5,111,H 24,391 7 ::168,0 4,667:3 743, 7 4. 652 1 242,3 1'307'1 575,0 2;260:0 233,4 942 3 1,704,3 4,416:2 320,8 1 743 7 324,3 2'516'4 3,648,0 18:012:0 4, 160,9 17, 7 50,6 597,9 4,622,6 1,356,5 7,484,4 600,3 2,949,2 1,377,4 1 12,6 71,~ 1,335,7 1 6,226 4 789,0 2,679'6 758,8 1 5,905;52,676,51 22,230,7 480,5 2,738,0392,5 3,203,3 539,l l 2 771 9 725,3 5;549'2 428.91 3,:i 16'1 1,94.8,0 11,006;6 939,2 5,539,2 428,41 1 7 31 o 6,220,0 25: 735' o 5,796,5 1 31,686:o 406.3 1,336,3 3,184,5 ' 21,593,5 3 318 O 11 075 O °681:0 5:367:o 1,404,4 4,150,6 2,807,1 , 22,9 70,6 1,026,11 8 758 7 222,7 1:196:6 767,0 3,453 O 282 6 3 090'6 520:0 2;386:5 1,939,3 19,460,4 699,4 7,433 2' 610,3 3,210:4 414,8 4,137,S 712,6 6,136,1 1,629,0 6,900 3 677,91! 4,625;3 212,5 1,583,5 l,Ol4,9 1 5,778 5 376,0 2,059' O 1,329,01 6 963' O. 254,0' 1:356'0 2,532.0 12,412'4 796,8 5,281:o 543,0 1 8,746.5 327, 7 2,449 2 165,9 1 2,877;7 rota.I ............ 60,772,7 ·74,888,1491,375,9 76,342,3 89,640,9 530,785,0 CONDITION NEW Y::>RK CITY B.A.~KS END OF YEAR. ~f<fos~!iit!e~~'7. Oapital 8uf'1'L'a Loan,. --- ---- Specie. LegaL,. Depoait,. ----- --- . - ---- Bank of New York .. $2,000,0 $1,900,6 $13,970,0 $2,390,0 Sl,120,0 $13, 780,0 Manhattan Co....... 2,050,0 2,100,8 15,344,0 2,909,0 1,942,0 17,236,0 Merchants'.......... 2,000,0 1,060,9 ll,241,8 2,361,0 1,001,8 12,924,6Mechanics'.... ...... 2,000,0 2,087.6 9,121,0 1,U,!'1,0 899,0 8,096,0 America . ........... 1,500,0 2,597.2 l 7,H64.5 2,094,3 2,792,6 20,964,l Phenix............ .. 1,000,0 24tl,6 3,961.0 244.0 670,0 3,584,0 City········ ... . .... 1,000,0 3,745,8 68,68r..1 15,023,3 7,711,2 86,69~,2' Tradesmen's........ 750,0 120,8 2,756.0 304,2 383,9 2,645,6 Chemical........... . 300,0 7,454,7 24,979,0 5,937,0 4,591,0 27,869,0 Merchants' Exch'ge 600,0 180,9 4, 724..6 820,0 624,8 l'i,443,& Gallatin.......... . . . . 1,000,0 1,663,P 7,021,0 798,7 1,167,9 6,01!12,0 Butchers'&Drov'rs' 300.0 169,3 1,103,4 194,7 HOS.5 1,424,7 Mechanics'& Trad's' 400f() 228,5 2,160,0 275.0 315,0 2,4:JO,O 01 eenwich . .. . .. 200,0 163,4 996,0 103, 7 l 70,1 926,9 Leather Manufac•re' 600,0 4811,8 4,019, 7 46P,1 1,318,6 4,657,9 ~:~n!hiew Ycrk:: 1,!88:8 4~g:~ ~:m:~ m:i ~~g:~ American Exchange 6,000,0 2,480,8 24,281,11 2,193,0 Commerr.e ...... ..... 5,000,0 3,559,0 26.865,1 2,269,6 2, ► 00,0 Republic............ Chatham.... . ....... People's .... .. ---· No1th America...... Hanover... . ....... Irviog..... .......... Citizens'............. .S-as~au .... ..•.... Market & Fulton. .. Shue & Leather..... Corn Exchange..... Continental......... Oriental . ..... .. Importers'& Trad'ra 2,~7µ_1 ~:m:I 19,238,0 21,264,6 :r~~~~~Ma::::·:.-:::: ½:888:8 ½:git:~ ~:m:~ 1,m:l 1.m:~ U!~:i Pao fie ··-··· ......... 422,7 466,4 2,414,3 243,2 612,0 2,901!1,8 1,500,0 450,0 200,0 700,0 1,000,0 600,0 600,0 600,0 900,0 1,000,0 1,000,0 1,000,0 300,0 1,500,0 2,000,0 250,0 3,200,0 1,000,0 800,0 750,0 600,0 300,0 858,2 15.085,2 988,0 6,038,9 260,8 l,6H5,4 654,4 9,693,9 2,196,0 24,394,a 359.0 3,034,0 407,0 2, 706,3 264,3 2,357,8 1,021,1 5,489,1 159,5 3, ?114.3 1,314,0 8,d23,3 2114,1 o,292,~ 406,3 l, 793,0 5,715,l 24,2::16,u 3,265, 7 33,643.0 146,4 1,191,5 2,056,7 24,251,8 6Hl.1 9,376,u 6b9,9 5,397,0 2~2,4 3.166.1 'l,012 ,9is-26.645,1 63,4 1,40\l,3 2,887,4 719,1 176,5 1,615.7 5,352,7 2l!6.0 460,6 165,4 752,8 620.8 1,421.8 917.0 178,0 4,168,0 9,140.8 168,5 3.368,7 1,621,0 P52.0 3,590,6 lf>9 9 1,tJ49,4 798,l 615,5 842,3 3,9P0,2 712,1 215,2 524,7 740, 7 516,6 1,068,0 6i>5,U 485.0 4,366,0 2,865, 7 a44,2 3.219,8 1,084,0 695.0 726.11 2, 8~ -1i,.8 2 25 2 German American.. 750,0 285,7 2,777,4 C'hase........... ..... . 600,0 1,496,\l 24. 732,0 Fifth A'\'enue.. . ... . 100,0 1,113,8 7,668.6 German Exch11nge.. 200,0 570,7 2.365.1 Germ ~nia............ . 200,0 711,4 3,b3~.o Lincoln.............. 800,0 646,1 6. 182,6 Ua.rftel ..... . ... . .. . 200,0 810.3 4. 7i><l.5 Fifth.................. 200,0 812, l 1,871>.0 Bank of the Metrop. aoo,o 816,8 4.526.6 WeRt Side ........ _. 200,0 341,1 2,2tn.o seabo-trd......... -. 600,0 824,8 8.«17.0 Stx:th ......... ····---· 200,0 848,6 1. 738.0 Western....... .. 2,100,0 587,8 24 052.3 FirRt Net. B'klyn... 800,0 957,5 o.o6~.I) Nat. Union Bank... 1,200,0 786,6 10.~39.H 276,2 6,8H5,3 l,425,8 284,4 361,4 1.012,9 1,055.7 a-&3,5 985,3 24H.1 • 1,592 o 2'l3.0 2,>l05,0 534,2 2,279.3 H48.2 1,9a6,4 771,0 ktl3.3 6ll7,7 563,3 666.!) 250,3 1,224.2 3811,0 1,rn2.o 11J5,0 4,0!J4,5 \179,4 6ts0,5 Paik . .......... Ea~t River . •.... Fourth ............... Central --··- ........ Second........ . ...... Ninth...... First . .. . ........... N. Y. Nat'l Exch'ge. ~~;.eg\it"·oouiiiy:: ~&&:8 Minimum. 30 $4,008,200 D e c. 29 3,345,900 June 16 6,281,350 Dec. 26 def. 1,668,050 Oct. 25 def. 3,306,925 Sept. 241 3,102,750 Oct. 30 539,050 Oct. 30 df, 16,545,375 .A.ug. ·3 32,902,650 Dec. 26 13,413,450 Mar. 8 8,228,550 Sept. 3u 11,5~3,41)0 Dec. MOVEME TS. CONDIT.t.ON NEW YORK CITY BA~KS BEGIN.SING OF YE.A.R. 34,114,1 26,668,8 19,895,1 15 ,997,5 In the following tables we show the maximum and minimum deposits and the maximum and minimum of surplus reserve for each year back to 1886, inclusive. Maxi rnitm. BA K k~\~~gcd."Exob' ge: 1,&88:8 Bk.ofN.Amsterdam 250,0 Total.. •. -. ... . .... m:~ m:~ ~:~ii:~ ~:~~::~ 624,0 m:~ 17,219,5 5,963,0 2,517,0 10,745,2: 81,582,9 3,173,0 8,1132,0 2,958,5 5,641!1,0 4,151,39,903, 7 6,219,3 1,875,0 26,1-127,0 40,954,3 1,333,7 26,251,S 11,6:➔8,0 6,306,0 3,1!103,0 26•• g9 0·,·~ 1 " 56 " :iti 1:g~g;~ 2,610,a 30,413, 7 8,6ti3,4 3,450,2 5,054,1 6, 778.S 6,981,U 2,11!13,9 6,266,8 2,436,0 10.004,0 1,460,0 27,834,6 5,795,0 11,561,2 m:~ :~g:a ~:m:i 277,5 2,616,6 502,8 2tSl'i,1 2,874,2 ----------------68,622.7 74,780.8 607. 781.6 1047307 79,824,1 675.064,2 CROP AND OTHER P .R ODUCTIONS. CEREALS, IRON .AND THE CROPS OF 1897. The final report of the Agricultural . Bureau at lVashington on the country's crops for the late year has been delayed much longer than usual, owing to the desire to subject the figures to verification and revision before putting them out in their last form. The report was not made public until Monday January 31. On account, however, of the care spent in preparing it, · the results should possess greater reliability than in the past. We are able to give not only the totals for the whole country but the details for the separate States. The data now furnished serve to emphasize the favorable character of the year 1897 from an agricultural standpoint, making it plain that Nature was very bountiful to the farmer and the planter. The following summary statement will furnish a ·survey of the situation so far as the three leading grain crops are eoncerned. CROPS OF WHEAT, CORN AND OATS. Total PToauctwn. 1897. 1896. 1895. la{J4. 1893. Bmhels. Bushels. Bushels. BIJ8hels. Bush.els. Com .......... 1,902,1167,933 2,283,875,165 2,151,188,58) 1,212, 770,052 1,619,496,131 Wheat .......... 530,149,168 427,694,817 467,102,947 460,267,416 ~,181,725 Oats ............ 698,767,809 707,846,404 824,443,587 662,086,928 688,851,S.."iO Total. ......... 8,131,884.910 3,418,905,916 3,4,2,685,0114 2,835,12,t,!!96 2,654,482,706 It thus appears that the aggregate production of corn, wheat and oats combined was 3,131 million bushels in 1897, against 3,418 million bushels in 1896 and 3,442 million bushels· in 1895, but as against 2,335 million bushels in 1894 and 2,654 million bushels in 1893, the last two short-crop years. In other words, taking the three crops together, the yield in 1897 did not equal the phenomenal production of 1896 and 1895, but ran considerably ahead of the -harvests for the two years preceding, when the out-turn was deficient. The loss as compared with 1896 and 1895 is mainly in the corn crop, where adverse weather conditions reduced the product. Yet at 1,903 million bushels the crop is still a large one. It is also noteworthy that we have had three large corn crops in succession, a rare occurrence, the corn yield for the last three years combined having been no less than 6,337 million bushels. The oats crop, too, has been very large for three successive years, having been 698 million bushels in 1897, 707 million bushels in 1896 and 824: million bushels in 1895. But while both the oats crop and the~corn crop thus furnished a very sati'sfactory yield, it is to the abundance of the whe.a t crop, as we all know, that the farming classes chiefly owe their present era of prosperity. According to its final and revised figures, the Agricultural Department makes the wheat crop 530 million bushels. Th1s is larger than the probabilities pointed to by the Department's condition figures last summer, but even now falls much below the estimates https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis COAL PRODUCT. of private parties, which in some cases run close to 600 million bushels. The crop, at all events, ranks as one of the best the country has ever raised, as will appear from the following record of the yearly product of wheat, corn, oats and cotton back to 1879, showing that the 1897 total on wheat has ·been but once exWith regard to cotton, ceeded, namely in 1891. while the Department has as yet made no estimate of the 1897 crop, there can be no doubt that this crop, too, will be of exceptional dimensions, as up to February 1 over 8½ million bales had already come intosight. CROPS OF WHEAT, CORN, OATS AND COT:roN SINCE Year. 1879 (Census) 1880 .......... 1881. ......... 1882 .......... 1883 .......... 1884 ...... . ... 1885 .......... 1886 .......... 1887 ....... . .. 1888 .... .. . ... 1889 .......... 1890 .......... 1891 .......... 1892 .......... 1893 --· --··· 1894 . ... . ..... 1895 . . . .... ... 1896 ......... 1897 . ......... Wheat. Bush. 459,483,137 498,549,868 383,280,090 504,185,470 421,086,160 512,765,000 357,112,000 457,218,000 456,329,000 415,868,000 490,560,000 399,262,000 611,780,000 51q,949,000 396,131,725 460,267,416 467,102,947 427,684,347 530,149,168 1878. Oorn. Oats. Ootton. Bush. 1,754,591,676 1, 717,4.34,543 1,194,916,000 1,617,025,100 1,551,066,895 1,795,528,000 1,936,176,000 1,665,441,000 1,456,161,000 1,987,790,000 2,112,892,000 1,489,970,000 2,060,154,000 1,628,464,000 1,619,496,131 1.212, 770,052 2,151,138,580 2,:l83,875,165 1,902,967,933 Bush. 407,858,999 417,885,380 416,481,000 488,250,610 571,302,400 5i:i3,628,000 629,409,000 624,134,000 659,618,000 701,735,000 751,515,000 523,621,000 738,394,000 661,035,000 638,854,850 662,086,928 824,443,537 707,346,404 698,767,809 Bales. 5,757,397 6,589,32~ 5~435,845 6,992,2345,714,052. 5,669,021 6,550,21 6,513,62 7,017,707 6,935,082 7,313,720 8,655,616 9,038,708 6,717,147 7,527,212 9,892,761 7,162,476 8,714,011 _____ . Of course the reader need not be told that mere abundance of yield would not have sufficed· to give the farm- ing interest the prosperity which it is enjoying-that in addition there was the fortunate coincidence of an urgent foreign demand. In other words, while this· country had plenty, the rest of the world suffered from a deficiency in its wheat crop and the grain yield generally. This had the effect of improving all cerea1 prices, but particularly it had the effect of raising the price of wheat; and here the improvement has been progressive. 'l'he following shows the average farm prices on December 1 for the last six years. It will be observed that in 1894 the average for wheat was but 49·1 cents per bushel, that in 1895 there was an increase to 50·9 cents, in 1896 an increase to ·72•6 cents and now in 1897 an increase to 80·8 cents. A.VERA.GE PRlCES RECEIVED BY FARMERS AND PLANTERS . 1897. -- Wheat, per bushel.. Rye, per bushel. .... Oats, per bushel. ... Barley, per bushel.. Corn, per bushel. ... Cotton, per pound Cents. 80·8 4<L·7 21·2 37·7 26·3 ·-·· 1896. 1894. 1893. 1892. - - - - - - - -- -1895. Cents. Cents. Cents. Cents. Cents. 72·6 40·9 18·7 32·3 21•5 · 6·6 50·9 44·0 19·6 33·7 26·4 7·59 49·1 50·1 32·4 44·2 45·7 4·6 53·8 51·3 29·4 . 40·6 36·5 6·99 62·4 54·8 31·7 47•2 39·4 8·4 When w.e come to examine the figures showing the wheat yield for the different States. we find that the bounty of Nature was by no means even1y distributed. Illinois, for instance, has one of the poorest wheat crops the State has ever had. orth Dakota is also put down as h~ving a very sm~ll crop. On the other hanci Kansas has raised a crop of unusual dimensions; several of the other States also have large yields, CROP A D OTHER though not excelling their best previous records, while the States on the North Pacific coast, namely Oregon and Washington, have perhaps never had such an abundant wheat crop. It is also noticeable that there is a great increase in the "all other'' tates, and this reveals one of the characteristics of the year, we mean the fact that many of the minor-producing States were, through favorable weather conditions, able to add very largely to their output. It is in this way to a considerable extent that the aggregate wheat yield was raised to such magnificent proportions. The details for the different States appear in the following. OUR EXPANDING IRON PRODUCTIOlf. According to dispatches which came from Washington in January 1898, the silver people contemplate calling to their aid a new device. In order to spread their propaganda and make the public see tbe folly and evils of the existing gold standard, a company of Washington and Virginia politicians and business men, including among others enator Jones, has been incorporated, we are told, under the name of "The American Drama Company." The first play to be produced by the new dramatic organithe telegram stated, was to be '' The Curse of tion, WHKA.T CROP FOR FIVE YEA.RS, From it, the dispatch added, "they (the silGold." ProProProProProverites) ardently expect the greatest results." <iuction, duction, duction, ductwn, <iucHon, Whuit 1896. 1895. 1898. 189i. 1897As the iron trade is considered by many as the - - Bushel.8. .Bmhel.8. Bwhd8. Bwhd8. Bwhd8. Ohio ........ -........... SS,0!9,133 21,~00,016 82,215,579 48,444,471 38,9111,608 barometer of our industries, we would suggest to our In<llanL ................. 82,675,201 20,647,440 20,294,492 4S,6U,064 35,679,404, silver friends that they use the production statisMlnnesota. .............. 59,891,104 i6,599,061 65,~.155 37,71>2,458 80,694,,68:'.'> Kansas ............. ...... 47,098,152 80,79i,452 22,919,566 85,815,259 28.~1.973 tics for that trade in their work of dramatizaCalifornia. .............. 82,S9i,020 · 45,097,195 40,097,798 80,376,705 84,852,517 Their play would then we are confident Illinois ................... 11,578,003 28,66B,U6 19,060,712 88,812,870 15,507,818 tion. North Dakota .......... 28,3'58,552 29,84.8,501 61,057,710 88,635,900 26,(38,208 make a decided " hit." '110 show what the " Curse Boutu Dakota. .......... 21,Hl,2'8 27,533,450 29,261,088 15,934,255 20,521,389 Gold" was doing to deprive the strn ggling Mlssourl................. U,101,458 16,594,473 18,499,968 23,858,920 15,287,552 of Michigan. ............... 23,700,1i4 15,719,89!- 15,237,803 1 20,282,0MI 19,920,714' of the opportunity to work and make a livelimasses Pennsylvania..... ...... 28,259,611 17,787,1!86 20,456,429, 18,84.8,700 18,851,MJS Oregon ................. 18,lM,031 10,247,lU 11,862,720: 10,441,071 10,790,885 hood, the silver people would naturally take the six Wisoonaln.............. 7,690,7-75 8,898,950 8,616,218 9,866,176 8,664,485 in 1897, for if we are Nebraska ············· 27,,152,6'7 19,390,602 U,787,024 8,':"5!,900 10,687,889 months from July to December Washington .. ,. ..... .... 20,1.'U,648 8,358,192 7,19:),952 9,108,420 Q,888,725 to believe their orators that was a period when the Iowa ..................... 13,153,114 11,478,152 18,654,778 10,737,-lOO 6,749,224 "Curse of Gold" was fastened upon the country as Total ................. 425,020,841 359,457,Q55 400,801,992 889,258, 12t 826,098,079 All others ............... lOS, 128,327 68,226,892 66,300,956 71,009,29! 70,088,646 never before in the country's history. They would Total United States .... 580~14Q,168 427,68!,31.7 467,102,947 460,267,4111 396,181,72& Jind an output of iron for these six months of roughly With regard to corn, while the 1897 yield for the 5¼ million tons-a~ amount but once exceeded in any different States generally falls below the eueptional previous half-year period. To demonstrate how much better the toilers were amounts for 1896, the Southwestern States, particularly Texas, which in 1896 had a poor harvest, in 1897 off under the opposite condition of things, the silver again had a good one. advocates would of course take the last six months CORN CROP FOR FIVE YEARS. of 1896, when the silver forces went forth in battle array and loudly proclaimed that they were going to ProProProProProOorn. duction, <iuction, ducUon, ducUon, d'UCtion, capture the Presidency in the interest of their devoted ,1 896. 1897. 1895. 1894. 1893. and rid the country of the "Curse of Gold" followers BW1hel8. Bushels, Bmhels. BU8hels. Bushel.8. Iowa .......... . 220,089,149 821,719,5U 298,502,660 81,34~,':!10 251,882,150 -and when considerable numbers of people were inIlllnols ......... 282,928,085 284,572,764 2M,136,554 169,121.491 160,550,470 Kansas ......... 162,442,728 247,784,00J 204,759,746 -il,797,728 189,456,702 clined to think they would be as good as their word. Mlasouri ........ 17J,9'J3,882 176,768,649 238,072.248 116,0ll.654 158,197,715 these six months the product of iron was about Nebraska .... . .. 241,268,490 2Q3,599,6SS 125,685,069 13,855,524 157,278,895 For Indiana ......... 1011,825,820 13S,4c68,265 121,435,7/SS 96,888,377 85,868,782 3¾ million tons, against the 5¼ million tons for the last Ohio ........ .. . 92,165,580 123,69l,P57 92,783,18~ 71,978,787 64,487,266 82,228,617 107,906,566 Texas.. . ....... 72,175,142 69,888,676 61,170,965 haJf of rn97, the difference in favor of the latter period 68,672,588 n,893,446 Tennessee..... 83,183,020 68,060,316 68,649,6fll thus being over 1,600,000 tons, or almost 50 per cent. 80,982,848 Kentucky...... IU,485,744 98,939,331 67,892,297 68,008,060 52,475,000 Pennsylvania... 43,6l2,681 !10,749,376 H,86B,116 If after witnessing this statistical scene the audience 81,198,741 29,723,851 Arkansas ...... 35,580,560 50,859,558 88,437.824 82,110,814 88,890,071 Wisconsin ..... 16,292,26{1 83,645,183 33,093,497 28,956,243 should elamor for more, the silver adherents might Hlchig!in ....... 40,041,930 31,201,096 SS,d00,242 21,757,4t7 21,790,588 slightly change their basis and compare with the last 25,840,8~ 85,Q56,690 84,446,9'7!1 Minnesota ..... 25,103,572 18,938,282 six months of 1893 when the country was thrown into Tota.I. ..... , .. 1,602,110,548 1,967,187,058 1,817,875,810 982.453,955 1,349,160,574 All others, .... 300,857,890 816,688,107 333,262,770 280,816,097 270,835,557 a state of panic became of a fear that the "Curse of Tota.I U. 8 ..... l,901!.967.988 2,2~.875.165 2,151,138,58fl 1,212.770,052 l,fll9.496, l!l t Gold" might leave us and depart forevermore. The In the case of oats, the comparisons are somewhat contrast in that case would be: 2,561,584 tons for the variable, though here likewise many of the Southwest- six months of 1893 and 5,249,204 tons for the six ern States reflect improved results. months o.f 1897, the latter larger by over 100 per cent. OATS CROP FOR FIVE YEARS. As a fitting climax the silver people might add a final scene to picture the situation the last half of 1895, ProProProP·roProd.,ctwn, Oats. d.uction, duction, d.uction, d.uctwn, the hateful Morgan-Belmont gold contract set when 1897, 1896. 1895. 189i. 1893. - ---- - -· ·- reviving all over the land, and the "Curse of business Bushels. Bwhels. BU8hels Bushels. Bushels . Illinois ... ........ .. . .. 92,798,496 8!,oSl,952 78,707,130 109,050,802 83,842,178 Gold" was as decidedly in evidence as in 1897. This lowa. ........ ... . ........ 103,721,100 105,641,855 182,ij67,388 96,556,672 95,418,281 al0-old" of "Curse tbe that show Minnesota .. . ....... ... •il,147,002 56,766,836 77,995,084 50,860.073 41,562,196 18,st scene would Wisconstn .. . ... ....... d2,125,8JO ij5,257,66 5 68,020,269 57,8i0,014 46,680,266 potensame the with and way ways acted in the same Kansas ............ ..... 38,600,080 2:J.808, 759 S0,075,9!H 25,705,975 29,1H5,202 0 hio ... .......... ...... .. 29,9('7,!l9~ 82,553,689 :H,404.,493 211,148,237 27,285,780 tialitv, that in the six months of 1895 referred to the Missourt. ... . ····· ·· .. 2i,o7S,166 19,850,!90 S0,547,tS99 25,440.944 29.084,229 Pennsylvania. .. .... ... , 31,812,538 36,086,821 36,536,311 26,226,74( 80,601,098 ou.tput was also extraordinarily large-a little larger New York .. ····· ····· · <l5,{153,03il 49,916,064 45,666,35! 8o,aio,758 80,208,728 even than in 1897, reaching then 5,358,750 tons. Michl,ran ... . ... . . .. ... ~2 .P40,450 30,079,i6o 23,265,192 21,429,574 28,177,128 We are certain that a play dramatized after this Nebraska . . . . ....... .. . 51,731,095 84,092,681 89,911,696 19,747,400 28,988,5'35 Indla.na ..... ······ ··· ·· 83,706,582 3!,488,237 25,895,595 35,809,040 82,092,170 and with all the incidents truthfully portrayed, fashion North Dakota .... . .. . . . . 11,397,144 11,288,788 19,067,914 14,114,6117 10,752,090 South Dakota .. .. ...... 13,ij47,61l6 17,957,446 18,154,774 5,992,972 16,460,013 would be highly successful. We have no doubt either Texas .. ... ..... . .. ... . 16,311,150 12,668,860 14.569,178 20,013,llli U,770,923 well as amusing. We as instructive be would it that Total. .. .... . . .... . . 617,987,197 614,P33.852 712,785,019 571,281,517 535,048,817 All others .... ... ... . 80,780,612 92,412,552 111,658,518 ll0,805,411 103,ll06,0S3 have already indicated that the make of iron the last Total U.S ...... .. .. 6Q8,767.81l9 707,346,404 8U,443,!'i:!'7 662,081\.9~► 638,85!,850 six months was large almost beyond precedent. The https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis UROP AND OTHER PRODUC'rIO S. first six months of the year the output was still mod. erate and fell behind the product for the first six months of 1896. On the other hand, it was better than for the last six months of 1896. The improve• ment that has occurred since the Presidential election is thus reflected in a progressive increase, the output the last half of 1896 having been 3,646,891 tons, the first half of 1897 4,403,476 ton s and the last half of 1897 5,249,204 tons. The following is a record of the half.yearly production back to 1886. These half. yearly figures portray with great faithfulness the ups and downs in general business which have occurred during the last twelve years. of 155,000 tons. Ten years before, ·in 1887, the im• · ports were 1,783,256 tons. · On the other hand, as the imports have been diminishing the exports have been increasing. Our table does not show these exports, as the item was until the last two or three years an un• important one. It is evident however that allowance will hereafter have to be made for this item in all cal• culations. The pig iron shipments alone in the late year were considerably in excess of a quarter of a mil• lion tons, and shipments of' all kinds of iron and s_teel for the twelve months we should judge must have been close to 650,000 tons. This refers simply to the bulky forms of iron and steel. Including the finer articles, PRODUCTION OF PIG IRON IN HALF-YEARLY PERIODS . which are never reported by weight, the value or the 0ross Tons. , 0ross Tons• shipments for the eleven months to November 30 (the 1886-lst half ......••.... 2,637,682 1892-lst half..... _. .. .4,769,683 2d half .......•.... 3,045,64.2 2d half .... . ... _.. 4,387,317 1887 -1st half ..... .. .... 3,049,294 11893-lst half ........ .... 4,562,918 December figures not yet being available) were $56,- . 2d half .... ..... 3,367,854 2d half ..... .... .. 2,561.584 855,771, which compares with $43,458,448 in the cor• 1888-lst half ......... . 3,020,092 1894-lst halt ... ......... 2,717,983 2d half ............ 3,469,6<l6 2d half ... _........ 3,939,405 responding eleven months of 1896. 1889-lst half.......... 3,661,603 1895-lst half..... ... . .. 4,087,MB 2d half ........... 3,942,039 2d half. ...... .... 5,358,750 A further characteristic mar king the year deserves 1890-lst half............ 4,560,513 1896-lst halt .......... .4,976,236 2d half. .......... .4.642,190 2d half ..... ..•... 3,646.891 to be mentioned. Prices for iron and steel remained 1891-lst half..... ....... 3,368,107 18 97-lst half...... ...... 4,403,476 2d half .••..•....•. 4,911,763 2d half .••.•. . ..... 5,249,204 very low, and the great increase in production oc. Combining the last six months with the first six curred in face of that fact. This is quite different months, we find that the output for the whole of from the course in 1895 and most other years noted 1897 was 9,652,680 tons. This is the largAst total ever for an exceptional output. In those cases prices recorded in a calendar year, but it is not the largest "boomed," thereby occasioning the great expansion total for any period of twelve months, since in the in output. In the present instance it seems to have twelve months ending June 30 1896 the make of iron been demand alone that caused the growth in was 10¼ million tons-10,334,986 tons. However, the· activity, values showing little improvement. The rate of production at the end of 1897 was far in ex• early part of the year prices declined, and many cess of that reached at any previous period. The new low records were made. This continued monthly report of the "Iron Age," it will be remem- until about July or August, when a recovery began bered, showed 188 furnaces in blast December 31 1897, which lasted until October and ·ovember, when a reproducing 226,608 tons per week, against only 145 action again ensued. Steel billets will serve as a furnaces July 1, producing 164,064 tons. On Decem• pretty fair indication of the course of the market. ber 311896 the same journal reported 154 active fur. Billets were quoted at ·15 75@$16 00 at the beginning naces producing 159,720 tons per week. of the year, at $13 70@$14 50 in May, at 13 80@ Hence at the end of 1897 the output was at the rate $14 75 in August, at $16 45@$17 50 in October and of nearly 12,000,000 tons per year. It is note. at $15 00@ 15 50 at the close of the year. worthy that the increase in production the last half of In steel rails there was an exceptionally sharp break the year progressed without interruption from month on account of the collapse of the steel.rail pool. The to month, notwithstanding a great strike of the price fo1· rails in 1896 was $28 00, and it had heen miners in the bituminous coal districts, lasting fixed at $25 00 for 1897. But with the rupture of from July 1 to about the 15th of September. It the pool in l!'ebruary the price dropped to $16 00 is further noteworthy that stocks during these with sales the remainder of the year at $18@$19. six (months fell off, despite the great expansion in The first effect of the break was to bring enormous production. Mr. Swank reports stocks December orders, but after that the demand was small, and 31 1897 a little larger than on December 31 1896, though the figures have not yet been compiled, it is not the figures being 874,978 tons against 847,686 tons. believed that the output of rails was particularly large But if we compare with July 1 1897', we find that in 1897. Below we show the average prices for the year stocks then were 973,678 tons, against 874,978 tons 1897 on a number of leading articles of iron and steel now. In the following table allowance is made for in comparison with the prices for the seven years pre• t he changes in stocks, so as to indicate the amounts ceding. It will be seen that with one exception the t hat went into consumption. 1897 averages are the lowest of all the years given. AVE R A.GE YEA.RLY PRICKS OF IRON AND STEEL, IRON PRODUCTION, STOCKS, IMPORTS, &C 7bns et 2,240 Pownas. 1897. 1896. 1895. 189!. 1893. 1892. St'k of pig January 1• 847,686 506,132 661,328 707,318 535,616 il27,233 Product'ndur'gyear . 9,652,680 8,623,127 9,4!6,308 6,657,388 7,12¼,502 9,157,000 ---- - ---- - ~-- ---- Total supply . ..... . . 10,500,366 9,129,259 10,107,636 7,3M,706 7,660,118 9,784 ,233 Stock end of year•... 874',978 84'7,686 506,132 661,328 707,318 535,616 Consump. of home pig P,625,388 8,281,573 9,601,504 6,703,878 6,952,800 9,248,617 lmp'ts of iron & steel. t 155,000 265,500 378,208 309,24'9 438,495 4'94',4'68 Tot. consump., t ons !l,780,388 8,M7,073 9,979,712 7,012,627 7,391,295 9,748,085 * Including 36,200 tons net held in the warrant yards of the American Pig Iron Storage Warrant Company Dec. 31, 1889, not under the control of makers; 52,937 tons Dec. 31, 1890; 80,900 tons Dec. 31, 1891; 29.500 tons Dec. 31. 1892; 9 tg~s a~~iiu~~io~ii>!c~· t~{1•80~ J~n:iyDe~li!~t~15 • ti6~ti1 B:~: 11: 1iit Jf It will be seen that the table includes a " line giving the imports of all kinds of iron and steel. These im• ports were formerly of very great importance. Lat• terly they have been steadily dwindling, and it seems likely that during 1897 the entries were not in excess https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 1897. A:rticles$ Old iron Trails at Phila .. ton.12 49 No. 1 anth.fdy.pig atPhil. " 1210 Gray f orp;e pig ironatPhil. " 10 48 Gray forge pig iron, Lake ore, at Pittsburg .... .. .. " 9 03 Bessem'rpigironatPitts." 1013 Steel rails at mills in Pa .. " 19 58 St'lbillets atmills atPitts. " 15 08 Best refined bar iron from store at Phila .. . •• ...• 100 lbs.1 81 Best re'd bar iron at Pitts. " 110 1896. $ 14 16 12 95 1109 1895. 1894. $ $ 14 09 11 95 1310 12 66 11 49 10 78 1890 TO 1897. 1893. $ 16 43 H 52 12 73 1892. $ 19 48 15 75 13 54 1891 $ 22 05 17 52 14 52 18'!0 $ . 25 18 18 40 15 82 9 75 1214 1272 1138 28 00 24 88 24 00 18 83 18 !8 16 59 1177 1287 2812 20 44 12 81 1487 30 00 23 63 14 06 1595 29 92 25 82 15 78 1885 81 ?5 30 82 144 184 125 120 1 70 1 50 187 1M 190 ;i 71 2 05 18 5 10 89 10 9-1 1 40 1 21 In studying the output for the different sections, we find that the South as a whole has produced more iron than in any preceding year, but that only two of the separate States, namely Alabama and · Maryland, are distinguished in the same way. The growth in Illinois, however, has been fully as noteworthy as in the South. Pennsylvania still maintains its pre• UROP AND 28 OTHER PRODUCTIO , a great way the present year, thus making the prospect in this respect quite bright. PrtODUCTION OF PIG moN BY STATES. In the fact that the production was in excess of the requirements we have the explanation of the contin-• 2ons of 2,240 1897. 1891. 1892. 1895. 1896. 1893. 189:l. Pounds. - ued depression in the prices of coal. The companies - -- -Tons. -- - -Tons. - -7bns. ---Tom. 7ons. Tons. So.States- Tons. 915,296 795,678 were very desirous of obtaining better prices, and for the 726,888 Alabama..... 9!l7,831 922,170 85:l,667 592,892 3!l2,S!l7 2»5,292 first nine months the averages obtained seem to have 302,8!56 Virginia. ..... 807,610 886,277 3!16,589 298,0!16 300,081 291,788 Tennessee ... 272,13() 2!l8,338 248,129 212,778 207,915 86,283 been higher than for the corresponding period in 1896~ 154,793 80,781 81,591 W,Virginia .. 132,907 10'3,569 Hl,968 !l!l.,S!l!l 63,780 56,548 70,660 S6,899 !l7,501 33,85:l Kentucl[1.... months, however, which are the49,858 In the last three 31,034 9,950 17,082 !l0,268 15,593 39,675 Georgia. ...... 10,916 99,131 123,398 period of heaviest production, the averages ruled 5,!!00 151,778 79,!l72 Maryland .... 193,702 18,662 !l,682 6,175 8,613 !l,671 1,221 6,257 Texas ........ The letter of the Anthracite Coal Operators a,211 lower. 323 .. ..... , ...... l!,008 2,S!l3 2,151 N. Carolina. .. ---- - - - - Total ••••... l,913,3!l6 1,83!l,!l51 1,702,088 1,Z68,!l25 1,567,299 1,890,187 1,708,965 Association for January 1898 says it is doubtful, all Pennsylv'nia 4,631,63:l !l,024,166 !l,101,16a 3,370,152 3,MS,022 !l,193,80f> 8,952,SSi things considerecl., whether the average price for the Ohio •........ 1,372,889 1,196,826 1,!l63,789 900,029 875,265 1,221,913 1,035,0l!i NewYork ... 2!3,30:l 206,075 181,702 175,185 191,115 310,395 315,112 year 1897 was equal to that received in 1896. 92,!l90 55,502 74,305 87,975 05,696 63,278 New Jersey . . 59,163 It must be. admitted, however, that on the whole949,450 669,202 406,261 Illinois ....... 1,117,239 925,239 1,006,091 60:l,795 As far as the91,222 184,421 213,145 prices remained remarkably uniform. ll7,588 95,171 Michigan .... 182,578 149,511 17:l,961 197,160 131,772 91,695 Wisconsin ... 108,909 158,!lS!l 148,!lOO 29,22P circular quotations are concerned, there was but one 27,MS 57,020 32,860 6,522 12,548 23,883 Missouri ..... 86,565 67,167 86,893 82,2U 68,833 18,202 AH others ... - - - - · - - - - - - - - - change during the twelve months. Taking stove coal as. -57.16:l Grand total 9,652,680 8,623,127 !l,4413.308 6,657,888 7,124-.502 :l.157.000 8.2711.870 a basis this circular price was 4 25 the first six months and 4 50 the last six months. But every one know LAST YEAR'S ANTHRACITE GOAL that the circular quotations afford absolutely no indiPRODUOTIO . cation of what the producers are actually receiving for The year 1897 was an unfavorable one in the an- coal. According to the letter above ref erred to, thethracite coal trade, just as the year preceding had average selling prices at tidewater were $3·367 in been, and in a double sense, too, the same as in that January, $3·908 in February, $3 ·918 in March,"$3·934 year. In other words, the output further diminished, in April, $3·948 in May, $3·967 in June, $3·989 in and prices continued unsatisfactory despite the effort July, 4·007 in August, $4·034 in September and $4 00 ovember and December the to establish a higher range of values through the cur- in October, while in averages again dropped to below four dollars. It will tailment of the product. The figures we have procured show shipments to be observed that with the exception of January price market of only 41.637,864 ton in 1897, against 43,- ruled between '3 90 and 4 03 throughout the year177,485 tons in 1896 and 46,511,4-77 tons in 1895. Thi not a very wide range. The disappointme11t arises out is a very noteworthy contraction-I½ million tons in of the fact that the advance expected the latter part 1897 on top of 3½ million tons in 1896, making over of the year was not realized. It will no doubt be urged that some of the larger uch a large loss 4¾ million tons in the two years. coal-carrying companies show better net authracite may seem strange in view of the undoubted revival in 1897 than for 1896, and that is true cer for earnings trade and industry which occurred in 1897. But in both the Delaware & Hudson and tht. regards as tainly this, history is merely repeating itself. Past experi& Western companies. But the Lackawanna Delaware last the usually is trade ence shows that the anthracite to feel depression in business, and likewise the last to improvement arises not out of larger shipments 1 recover from its effects. It is also to be remembered better prices for coal. It follows solely from the facet that in 1895 the production was extraordinarily heavy that the companies, through economies in operating, -the largest ever recorded for any year. In the fol- were able to bring out a reduction in expenses; and lowing we show the shipments to market ( commonly moreover the results would not have been as good ·a denominated the production) for each of the last four- they are except that reviving trade stimulated the movement of merchandise and general freight the latteen years. Tons. Yea,~. Tons. Year. ter part of the year. 1897............. . ...... .41,637,864 1890 ....... -- ............ 35,85fi, 174 It is interesting to see the ratios and the amounts 1896 ...... ............ .. .43,177.485 1889 ....... ··············35,407,710 1895 .................... .46,511,477 1888 ............ ... ...... 38,145,718 1894 ....... ......... .... .41,391,200 1887 ............. ...... .. 34,641,017 of the contributions of the different companies, and 1893 ........... . . ...... . .43,089,!536 1886 ..... ... ······· ...... 32,136,362 1892 . .................. . .41,893,320 1885 ......... ............ 31,623,529 accordingly we give the following figures in compari1891 ......... ...... ..... .40,448,336 1884....... ...... . .... ... 30,756,995 son with those for the two years preceding. It deserve to be noted that the further loss in the r--1897.---. ----1896.--- ,--1895.---P. Ot. Tons. Tons. P. Ot. P. Ot. Tons. output in 1897 occurred entirely in the first six months. Phil_. & Reading... 8,395,411 20·16 9,019,535 20·89 9,905,059 21 ·30 15·82 7,360,454 15·63 6,749,128 15·43 6,425,227 ... . . Valley Lehigh In these six months the shipments were only 16,110,& Hud son.· i 5 646 853 13·56 5,835,621 13·52 6 151 148 13·23 ' ' ' Lackawanna .. 5 ' 998 tons, as against 18,898,655 ton in the first half of D el. Pennsylv'a. Coal.. 1,777,841 4·27 1,728,972 4·00 1,828,382 3·93 6,129,26113·18 13·03 5,627,533 13·67 1896. It follow from this that in the last six months Del. Lack. & West. 5,690,684 Cent. of N. J ...... 4,730,860 11 ·36 4,999,003 11 ·58 5,335,785 11 ·47 the producing companies sent to market 25,526,866 Otherregions .... . 8,970,988 21·55 9,217,693 21·35 9,801,388 21·07 tons in 1897, as compared with 24,278,830 tons in the Total ......... 41,637,864 100·0 43,177,485 100·0 46,511,477 100·0 last half of 1896. And here the companies made the The Reading's proportion seems again to be on the same miscalculation they did in 1896: after rigidly deeline. It will be remembered that under the agreecurtailing the output the first six months, they counted ment of January 1896 that company was awarded 20½ too confidently upon an active demand the last six per cent of the output. Its proportion in 1897 was months. As a consequence they were disappointed in only 20·16 per cent, against 20·89 per cent in 1896 and 1897 as they had been in 1896. In the latter year the 21 ·30 per cent in 1895. The Lehigh Valley and the Presidential election and the silver campaign occurred Central mw Jersey also appear to have lost in their to upset all calculations. In 1897 the business reviva1 percentages. On the other hand, the Lackawanna did not bring with it the increase in demand looked and the Pennsylvania Coal show increasing ratios, and for. Of cour e it is reasonable to suppose that should the Delaware & Hudson has also slightly added to its this revival continue the demand will be augmented percentage. emmence ana. Uh10 stanct~ second, behind. Here a1·e the figures. -- https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis but MOVEMENTS OF GOLD AND SILVER. UNITED S'rATES AND THE WORLD. MOVEMENTS OF GOLD AND · SILVER IN summer and a scarcity of water are very injurious." THE WORLD FROM 187"1 TO 1898. On the other hand, "an excessive amount of water, It was twelve months ago that we prepared and pub- especially if it appears suddenly, bursts the reservoirs lished our usual annual figures of the gold and silver production of the world for 1896. To attempt so extensive a work so soon after the close of the year-a work that requires for complete results the gathering of information from every quarter of the globe-makes it necessary to estimate the production in some small measure for gold and in a larger measure for silver. The field for estimates in the matter of gold production is steadily becoming narrower, because an increasing number of the so □ rces of supply, year by year, make public the actual results. A few of the smaller producers, and Russia among the larger, are about all from which at least approximate figures are not now with industry procurable at that period. Unfortunately, among the gold producers, Russia is not only a large source of supply, the fourth in size in the world, but has in late years been exceptionally ,irregular in the quantities produced while giving out the actual results very late. With reference to the irregularity in the quantity of the output, the best illustration is had by citing the official figures since 1892; in that year Russia's product was given at 1,199,809 ounces; in 1893 at 1,345,224 ounces, in 1894 at 1,167,455 ounces, in 1895 at 1,397,767 ounces and in 1896 at 1,041,794 ounces. This situation was referred to a year ago. We then said (whiie adopting for the ,p urpose of completing our compilation a yield in 1896 .the same as in the previous year, 1895,) that we had "received no report from Russia, but are of the ,opinion from the character of the mining in that country that at best there will be very little, if any, -additional increase during the latest twelve months ·and very likely the output will not be as large in l~ti6 :as it was in 1895." 1898-PRODUCTION REVISED. It will be noticed, according to the foregoing, that ·we expected the estimate we used for Russia's gold product in 1896 would be excessive. We had no idea, however, that the production would prove to be as small -as the official figures have made it. According to the return to our Mint Bureatl the 1896 result was only 1,041,794 ounces. To find a year nearest to that small total in the amount of production we must go back to 1888, when the total was only 1,030,151 ounces. In an English translation of the work entitled the .u Industries of Russia," edited by John Martin Crawford. United States Consul-General to Russia, and published at St. Petersburg in 1893, we have an ex-planation for the wide changes which sometimes occur in the gold production of that country. Among other influences there mentioned are the weather conditions. The writer states that "the most essential element in the extraction of nearly the entire production of gold by the washing of gold-bearing sands is water. A dry https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis and sluices and produces a perfect drought." Again he says that "besides these meteorological phenomena having a <Erect influence on the operations of the gold workings, the price of bread also has a most important effect;" it determines the cost of labor, which in some loca.lities reaches 900 to 1,400 rubles per man for a . working year, "and a working yeftr sometimes only covers four or five months." Again be states that "the gold industry is considerably influenced by legislative measures and their frequent modifications, ·and especially by the collection of dues upon the yield of gold;" to this latter fact, he asserts, "may be ascribed some of the most decisive fluctuations in the production of this metal." We do not at the moment know the real cause or causes of the depression during 1896 in the gold indu£try of Russia which led to this large decrease in the output of the mines; not unlikely the loss was in part due to more than one of the above-mentioned influences. It will be noticed that the difference between the actual production of Russia in 1895 and 1896 is 355,973 ounces. It is a striking fact that if we subtract that amount (355,973 ounces) from the world's production in 1896, as we made it up a year ago, a month after the year had ended, our total would be 9,808,524 ounces, or almost precisely the same as the Mints' total given in the Mint report under date of October 16 1897. We have however gone over the figures of that year representing all other sources of supply, revising them slightly wherever later returns have made it necessary. After having done that our total gold production for the whole world for 1896 stands, as will be seen by reference to our table, at 9,827,106 fine ounces, valued at £41,743,581, or $203,143,970. The world's silver production in 1896, as prepared by us in January 1897, of course needs more revision than the gold estimate. It is impossible at so early a date to make up the output of the world's silver mines with the same approach to accuracy as we can the world's gold mines. The interest in the results is not as wide and the official statements are not procurable as soon. Our 1896 figures, prepared in January 1897, made the product of silver for the whole world 161,035,300 ounces; the Mint Bureau, in its report just published, reaches a total for the world of 165,100,887 ounces. This difference to be sure is not large, but it is a difference that makes several changes in our early estimates necessary. First and most important of all is the result of the Mint Bureau's investigations for the United States ; the figures for 1896 now given to the public prove to be larger by more than 6 million ounces than its estimate in January 1897. The final statement makes this country's 30 MOVEME T OF GOLD AND SILVER. silver product in 1896 58,834-,800 ounces. Other changes in our table, found as usual at the enJ of this article, we need not specify. The result are all revised to conform to the official returns. arises from a study of former gold-mining resul~i~ Russia. The idea is that as the production in 189& fell to an abnormally low point, it will rise to an abnormally high point in 1897. Precisely that has been 189'7-GOLD PRODUCT OF THE WORLD. the course of the movement recently in alternate· As to the world's gold production in 1897, the results years. To illustrate what we mean we use the :figures. are highly satisfactory. We gave a forecast of the heretofore cited, but arrange them so that the annual outcome in an article written in August of last year changes may be seen at a glance. (see CHRONICLE, August 14 1897, pages 254, etc., Russia's production in 1892....... ...... ····-· .. ...... 1,199,809 ounces " " 1893 . . ......................... 1,345,224 ounces especially 256), when we stated that the promise at Russia's Russia's " 1894......... ................ .. 1,167,455 ounce& that moment was for a yield of at least 12,093,770 Russia's " 1895 ........... .............. .. 1,397,767 ounees " 1896 ...... ................... .. 1,041,794 ounces ounc_es, or 250,000,0C0. Our returns and estimates Russia's Russia's estimate 1or 1897 ........................... 1,397,000 ounce& to-day bring the total for 1897 up to 12,172,463 ounces In the above there is progress evidently-not in valued at 251,626,721. To appreciate the real force yearly cycles but in two-year periods. Had we folof this revelation a simple comparison is all that lowed the same average in our estimate for the is needed. During the five years ending with 1885 final two years we should have had to make thethe aggregate gold production of the world had 1897 total larger than the 1895 product. We are dropped to its minimum. The average for those five inclined to think it will be; but desiring not to overyears, according to our compilations, was only 4,913,estimate the probabilities we have merely repeated the 550 ounces, valued at £20,871,777, or 101,511,922; 1895 result, although that method of procedure rethat is to say, the gold mines have increased their product two and a-half t~mes in about thirteen years. quires the assumption that there has not only been noMoreover, as we shall presently see, the rapidity of progress but a retrograde movement in the output of this increase has been accelerating. This is not so the Russian mines since 1895. The belief in an inclearly indicated in the annual totals as in averages creasing production finds additional support if the inmade up of each succeeding two years-the high rate vestigation be carried back of 1892. By reference in reached during the year just ended having passed all this article to the general table of the world's gold. products the reader will see that the recovery in records. It was in 1885 that the rumors of African gold Russia's production really began in 1887. The ~inidiscoveries began to take definite shape. In Septem- mum years were 1886 and 1887, when the two years' ber 1886 the earliest results from workings on the average reached only 946,941 ounces. Ever since· heba Hill property-which, as we all know, was at then the figures have shown an obvious trend upwards. that time spoken of as a mountain of gold-reached We have no actual knowledge of the 1 eason for theLondon. We need not rehearse the facts with refer- small output in 1896. It is obvious that the hindence to the speculation that speedily arose, or stop to ranc<1S to mining must have been due to causes beyond record its later progress. The incident is of interest control. This seems obvious because Russia was seek. here simply (1) because it marked the turning point ing to put its currency on a go]d basis, and consein the decline of gold production, and (2) because quently had a special nee& for the metal. UNITED T.A.TEs.-Wells, Fargo & Uo.'s statement of African discoveries seem to have proved a stimulus gold and silver production, issued in San Francisco in that set the world of miners prospecting not only in J anua1·y 1898, indicates very decided progress in the· that country but in the mining sections of e-,ery other mining of gold in the United States in 1897. They source of gold supply. Moreover the impulse in that make the aggregate product in the States west of the manner given has continued to gain force from that Missouri River almost sixty-three and three-quarter date; and this year we have the news of the discovmillions of dollars ($63,655,597), which compares with eries in the Klondike region, which has again brought 53,015,242, the figure at which they placed the outadded energy and increased activity everywhere into put for 1896. W a have been unable to obtain as yet any this same search and fresh supplies of capital to the development in progress. We have stated what the detailed estimate of production from the Mint Bureau, average production had dropped to for the five years but the approximations emanating from that Bureau ending with 1885. For the next five-year cycle end- within the past few weeks have ranged between sixty ing with 1890 the average production had Tisen to 5,- and sixty-two millions, and on January 27 1898 the320,834 ounces, valued at £22,601,764, or 109,991,216; Director, R. E. Preston, telegraphed us that "from infor the next five-year cycle ending with 1895 the aver- formation at han:l I believe the gold product of the age production was 7,862,103 ounces, valued at £33,- United. tates will approximate 61,500,000." There· 396,663 or 162,523,820; while for the year 1896 the would consequently eem to be pretty close agreeounces aggregated 9,827,106, and now in 1897 they ment between the two authorities. Messrs. Wells· have reached the surprising total of 12,172,463 ounces, :Fargo & Co.'s statement in full is subjoined. valued ait £51,706,188 or $251,626,721. Russu.-There is one doubtful item in the makeup of the year's (1897) aggregate for the whole world, and that is Russia's product. We have explained above how erratic the annual yield in that country is at times, and have also in the same connection given the causes for past fluctuations. On this occasion we are without any returns from that country and hence the figures we use are wholly estimated. But the estimate adopted is the yield of two years ago. In favor of so high a product there seem to be several reasons. Chief among them is a probability which https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Orts and base States. Gold. Silver. $12,948 451,463 45,000 70,000 4,555,600 9,452,000 813,748 12,869,783 153,848 148,693 220,000 809,717 81,000 bullwn. $1,195,917 284,052 11,900 26,160 52,000 2,741,000 26,825,500 6,770,440 . 3,780,492 193,000 8,698,821 86,000 1,800 2,500 Total. $18,880,824 8,817,8452,461,697 568,109 8,623,000 10,021,600 !0,227,5Ci09,U7,!42 84,976,829' 88t,02ct 12,285,601>6,095,575 816,517 61,000. Total United States..... 63,655,697 BritislfColumbia, N. W.T. 6,175,000 29,128.290 3,150,000 50,069,582 1,257,000 142,858,46~ 10,582,000 Total all... . . . . . . . ... ... $69,830,597 $32,278,290 $51,826,562 $158485 i6~ Californi11 . ..... ..... . .. .. . . . $17,621,959 Nevada . . . .. . . .. .. . . . . . . 2,632,840 Oregon.... .. .. 2,404,i97 Washin11:ton. . ... .. . .. . . . . . .. 471,9!&9 Alaska... .. .. . ..... . . . . .. . . .. 8,571,000 Idaho ... .. .. .. .. . ..... .... ... 2,725,000 Montana. . . . . . . . . . . . . . . . . . . . 4,450,000 Utah.. . . . . . . . . . . . . . . . . . . . . . . . 1,663,254 Colorado .. . . . . . . . . . .. . . . . . 18,326,654 New Mexico. ...... . ...... . . 533,678 Arizona... . . . . . .. . . . . .. . . . . . . S,892,991 Dakota ... .. . .. .... . .... ... ... 5,829,575 Texas... . .. . .. . .. ... . . . . . . • . . 5,000 Wyomln.ir... . . . . . . . . . . . . . . . . . 27,500 .MOVEME~TS Ol' It is a notable fact that according to the above statement California is no longer the largest producer of gold. Although California produced over seventeen and a-half million dollars of that metal in 1897, an addition of neatly two and a-half millions to the 1896 total; Colorado mined eighteen and a thircl millions, a result which places her in the van by almost three-quarters of a million. Furthermore, Colorado, whose chief claim to prominence only a few years ago lay in its production of silver, has made such marvelous progress in gold mining of late that now the yield represents much the greater value. This re ult is, of course, largely due to the very rapid development of mining in the Cripple Creek region. In fact it is now quite clear that but for the labor troubles in that region the lead would have been assumed by Colorado in 1896. Going back only three years-to 1894-we find that in the interval the State's product has increased approximately 100 per cent, California during the same period having gained only 30 per cent. Another feature of the gold production of the United States this year is that apparently every State in which the metal is mined, with the single except ion of ·utah, returns an increase. As we have been unable to obtain from the Mint Bureau any preliminary estimate by States for 1897. we use in the following table Messrs. Wells, Fargo & Co.'s figures for that year, adjusting them to conform to the total for the whole country, which Mr. Preston has furnished us. The 1896 and 1895 results are, of course, Mint figures. GOLD PRODUCTION IN UNITED STATES. ,----1895.------. ,-- --1896.--._._ ,----189i.--, Gold- ounces. Prod.uct,on. California.... Colorado..... . Montana...... South Dak.. . . Idaho.......... Arizona...... . Oregon........ ~evada,.. ..... Alaska.... . .. Utah.......... New Mexico.. Washington.. Michigan. . . . . South. States. Other States.. Value. 722,171 $U,928,600 643,634 13,305,100 l!i8,405 4,001,400 187,187 3,869.500 86,088 1,779,600 95,072 1,965,300 888,300 42,972 75,088 1,552,200 78,140 1,615,300 66,419 1,373,000 492,200 23,810 351,000 16,980 42,900 2,075 310,600 15,026 35,000 1,693 Ounces. Value. uunces. 737,0313 $15,235,900 721,320 H,911,000 209,207 4,3!4, 700 240,4H ei,969,800 104,263 2,155,aOO 125,9i8 l!,60!,200 60,517 1,261,000 119,404 2,468,800 99,4H 2,055,700 91,908 1,899,900 475,800 23,017 405,700 19,626 37,200 1,800 276,400 13,i71 17,100 827 I Value. 822,376 $17,000,0CO 856,239 17,700,000 212,E50 4,4t0,000 266,063 5,5 0,00o 120,988 2,500.000 159,688 3,30(1,000 111,26 ! 2,300,000 125,775 2,600,000 159,688 3,300,000 79,819 1,650,000 500,000 24,187 450,000 21,769 14,513 3')(),000 - - - - - - - - ----------2,668,132 $53,088,000 2,975,067 $61,500,000 Totals ...• 2,254,760 $46,610,000 AFRICA.-The 1897 gold figures for South .Africa furnish another illustration of a hindrance to gold mining in one year resulting in an un·u sually large addition to the product from the same source the following year. The causes for the check to production in 1896 were claimed to be the Jameson raid, the scarcity of labor and the scarcity of water. However accounted for, the result was an increased output of only 34,968 ounces in 1896, against an increase in 1895 of 249,600 ounces and an increase in 189-t: of 484,410 ounces. In fact the addition to the yield m 1896 was insignificant as compared with the growth in any previous year. On the other hand, the development in 1897 was much the best in the record. The total is found to be 2,826,916 ounces, or larger by 676,810 ounces than the 1896 product. Our returns for Africa this year are even more complete than for previous years, although the monthly results have ever since the movement began been given to the public in almost all cases with great promptness. The Witwatersrand exhibit shows a very gratifying situation. Each succeeding month, with the single exception of July, returns a larger total than its predecessor, and December is the largest of all; indeed, .that month's output is the largest ever recorded. We subjoin the statement for six years. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis GOLD 31. SILVER. AND WITWATERSRAND DISTRICT-OUNCES VALUED AT A.BO UT £3 1 0 8. 1892. 84,561 86.649 93,244 95,562 00,436 103,253 101,280 10~,32l 107,852 112,167 106,795 117,748 1893. 108,375 93,253 111,474 112,053 116,912 122,007 126,169 136,069 129,585 136,683 138,640 146,357 i894. . 149,814 151,870 165.373 168,745 169,774 168,162 167,953 174,977 176,708 173,379 175,304 182,10! 1895. 177,463 169,296 184,945 186,323 194,581 200,942 199,453 203,573 194,765 192,652 195,219 178,429 1896. H~,177 167,019 179,15, 176,707 195,008 193,641 203,874 212,430 202,562 199,891 201,114 201 315 1897. 2-09,832 211,000 232,067 235,698 248,305 251,529 242,479 259,603 262,150 274,175 297,124 310,712 Totals . ... l,'U0,869 1,478,477 2,024,163 2,277.641 2,280,892 3,03i,674 Ounces. January... ... lfebruary. . . .. . March... . . . . . . AppiJ .. . . . .. . . liay .. .. . . .. .. .. June. . ... . .... . . July .... . ....... August .. ... . .. September ..... October ... .. . .. November. . . . December..... This growth in production is stated to be due to better working conditions in the mining districts and to an increased number of mines in which milling operations are now taking place regularly. The industry would consequently appear to have been carried forward under no unusual stimulus; that the results are only the ordinary development under favorable surroundings. In the districts other than tho Rand the progress has not been marked. To illustrate clearly the growth in production in the whole of Africa, we have prepared the following, which shows not only in fine ounces but in values the progress made from year to year .~ince, 1887 in developing the gold-producing industry of the country. AJr.aJCA'd GOLD PRODUCTION-FINE_ OUNCES. ,-Witwatersrand,--, ,--OtMr--£ Ounces. £ Ounces. Year. 122,140 1887 (part year). . .. 28.754 808,210 1888........ . ........ 190,266 1889 .......•.....•... 316,023 1,3-12,404 1890 ...•... . ...•...•. 407,750 1,732,0H 1891......... .. .. . . . 600,860 2,552,333 1892 ................. 1,001,818 4,255,524 1893 . . .....•........ 1,221,151 5,187,206 1994 . .... . ....•..... 1,637,773 6,956,934 1895 ..... . .. . . . .. . . . . J,845,138 7,837,779 1896 ................. 1,857,071 7,888,,165 1897..... . ..... . .. . .. 2,490,975 10,618,628 -- ..---Total - £ Ownces. 122,UO 26,75! t,020,600 240,266 212,390 50,000 366,023 1,554,794 212,390 50,<iOO 479,302 2,035,980 3Q3,939 71,552 727,912 3.092,024 539,691 127,052 631,652 1,150,519 4,887,176 143,701 679,550 1,381,128 5,>i66, 756 l59,P77 967,500 1,865,538 7.924,434 227,765 270,000 1,146,906 2,115,18~ 8,984,685 293,035 1,2!4,765 2,150,106 9,133,220 326,94l l,a,8,780 2,826,916 12,007,408 ----·- -- --- --- Total.. ..... . .... 11,666,579 4.9,301,664 1,125,023 7,327,55a 13,331,602 66,629,217 According to the foregoing the entire production of the African mines for the ten · years since the first opening was made has been 13,331,602 fine ounces, valued at £56,62~,217. · Au TRA.LASIA.-In line with the reports from other countries, our returns from .Australasia furnish evidence of a materially enlarged production of gold in the country in 1897. Chief attention has been drawn to West Australia as the indications were, even before 1897 opened, that there would be a co~siderable increase in the yield as a result oi the strenuous effort put forth with that end in view. At the same time it was hardly expected that the development would be so rapid as it has turned out _to be. From a total of 281,265 ounces in 1896 the output has increased to 674,983 ounces in 1897, or a gain of 140 per cent, with the _prospect that the 1898 yield will go ahead of either Victoria or Queensland. Below we give tables indicating the product of each colony, the first table in gross ounces and tho second table in fine ounces. The figures for 1897 are in some cases in part estimated, but are believed to be close approximations. In obtaining the fine ounces 8 per cent has been deducted for base metal in 1894, 1895, 1896 and 1897, but for previous years the reduction is a trifle more, being made for each province on the basis of the official returns made to us. PRODUCT OF GOLD IN AUSTRALASIAN COLONIES--OROSS OUNCES. Yrs. Victoria. News,. Queens- Western New South Tasma• TntatA.usWates. land. A u.stralia. Zealan4. Australia. nia. tralas-ia. 1890 .. 588,560 127,460 1891 .. 576,3119 153,335 1892 . . 654.,456 156,870 1893. ,671,126 179,288 1894 . . 673,680 324,787 1895 . . 7-10,086 860,165 1896 .. 805,087 296,072 1897 .. 812,765 •315,000 .Estimated. 610,587 561,6H 605,612 616,0iO 675,000 631,682 638,212 797,000 34,209 30,311 59,548 110,890 207,131 231,513 281,21S5 674;983 193,193 24,831 20,510 .251.996 28,700 4.8,769 237,392 38,974 43,278 226,81.1. 33,820 37,687 221,533 35,844 57,873 293',491 !l7,31S 5i,96i 263,722 29,00-i 62,586 •251,644 •35,000 •75,000 1,599,350 1,651,151 1,796,130 1.876,562 2,195,848 2,959,244 2,375,9t2 2,001,008 MOVEMENT 3.2 OF GOLD PRODUCT 01!' GOLD IN AUSTRA.LASIA.N COLONIES-FINE OUNCES. Yra. Victoria. Wales. New So. Queens• Western Ne-w South Tasma- 1otalAu,. land. A ustraLia,. Zealand. A 11stralia. nia tralasia 1890 .. 554,225 1891. .530,287 1892.. 602,100 1893 .• 612,467 189! .. 619,786 1895 .. 680,8711 1896 .. 740,68() 1897.. 7'l7,7U 531,096 516,710 545,051 562,649 621,000 581,147 587,155 733,240 116,77-l 141,069 142,227 163,571 298.80! 331,352 272,:l86 2811,800 30,603 27,886 5!1,785 101,182 190,561 212,992 258,764 620,981 180,968 231,837 218,401 206,852 2•13,810 270.012 2i2,IJ21 281,512 21,5U 26,40-l 35,857 30,8!4 32,976 43,556 26,68!1 32,200 17,965 44,497 39,817 34,377 63,248 50,567 57,579 69,000 1,453, 1,518.69 1,638,28~ 1,711,892 2,020,180 2,170,505 2,185,872 2,724,480 GOLD PRODUCT OF THE W ORLD.-While the foregoing analysis covers the principal countries in which the mining of gold is making rapid strides, it noes not comprise all of them. For fully a year past great interest has centred in the Klondike fields and expeditions to that far-away region are constantly being organized. That the district is very rich in gold is beyond doubt, but that so large a production as many look for will be realized in the near future is hardly probable owing to ·the difficulties to be overcome. With only a short open season for work, the most improved me1,hods are necessary to obtain satisfactory results. While the greater majority of those who have gone to the fields in search of gold are Americans, the fields themselves are located in British Columbia and their product therefore is to be credited to the Dominion of Canada, and this accounts for the heavy output of about six million dollars reported for that country the past year. India is still another source of supply in which gold production is making progress. During the year 1897 the yield of the Colar gold fields, from which almost all the gold produced in India is obtained, was 389,779 gross ounces, against 321,878 gross ounces in 1896 and 250,114 gross ounces in 1895. Austria-Hungary, although a small producer, likewise made some gain in the year just closed. For 1896 the official returns give the output as 3,278·2335 kilograms, equaling 105,395 fine ounces, and through the kindness of the Austro-Hungarian Oonsul-General at New York, we have obtained an estimate for 1897, which is 3,371 kilograms, or 108,378 fine ounces. Without further comment we bring together figures representing the world's gold production. The total product in 1897 has been heavy, nearly 12¾ million ounces, making the year's increase 2,345,357 ounces in 1897, which compares with an increase of only 175,103 ounces in 1896 and 996,781 in 1895. GOLD,-WORLD'S PRODUCTION IN OUNCES. United Fine. Ounces. 1871 . ...... 1872 .... ... 1873 ....... 1874 ...... 1875 ....... Australia. States. Russia. OWnces. Ouncu. Ounces. 2,378,729 2,150,417 2,114,910 1,993,460 1,895,615 1,896,9!7 1,856,661 1,907,112 1,870,973 1,9!4,030 1,264,000 1,215,000 1,066,000 1,068,000 1,050,500 Tot.'71-75.10,533,131 9,475,723 5,663,500 2,086,009 2,188,785 1,896,9!7 1,617,269 1,741,500 Other Africa. Countries. Total. Own.cPs. Ounces. OWnces. £ 6,010,508 25,53l,436 5,692,910 24,1~2,3-l3 5,558,854 23,612,000 5,408,265 22,951,989 5,360,977 ~2.1n,a5s ...•.... 2,354,160 28,0-Z6,514 119,051,026 470,832 5,306,701 22,541,805 522,532 5,610,554 23,832,l>ll 525,071 ii,18!,082 22,020,9!4 607,510 5,036,551 21,394,261 634,508 5,211,166 22,135,991 1876 .. . . ... 1877 ....... 1878 ... ... 1879 .... ... 1880 .. ..... 1,668,082 1,581,!196 l,i07,5M 1,425,872 1,443,898 Tot.'76-80. 1881. ...... 1882 ....... 1888 ...... . 1~ .. . . ... 1885 .... ... 7,526,912 9,530,510 6,581,179 ...•. •.. 2,760,453 26,349,054 lll,925,512 1,475,161 1,438,067 1,333,819 1,352,761 l,309,8M . . . . . . . • Ml,354 . . . • . . . . 660,927 . . . . . . . . 942,18! .. ..... , l,00!,536 .... . ... 928,717 1,678,612 1,572,187 U51,250 1,489,950 1,538,325 1,081,778 1,317,741 1,354,500 1,385,900 1,391,260 470,832 470,832 i70,832 470,832 470,832 Total. Values, 1,181,853 l,lM,613 1,132,219 1,055,642 1,225,738 . ..• . ..• . . . •. . . . . . •• . . . . i,976,980 !l,825, 79! !l,859,502 4,902,889 • 5,002,58! 21,141,216 20,499,008 20,6i2,193 20,826,492 21,219,976 Tot.'81-85. 6,909,M2 7,730,324 5,750,065 ......•. 4,177,718 2!,567,749 10!,358,1185 1886 .... ... 1887 ....... 1888 ....•.• 1889 . .. .. .. 1890 ..... •• ........ 1,171,342 28,754 l,17!,503 240,266 956,363 366,028 963,539 479.302 1,055,507 1,257,670 1,290,202 l,3!li,002 1,540,607 1,453,172 1,693,125 922,226 1,596,375 971,656 1,60!,811 1,030,151 1,587,000 1,154,076 1,588,880 1,134,590 5,044,363 5,061,490 5,175,623 5,611,245 5,711,!151 21,!127,H5 21,!199,815 21,985,011 28,835,!li7 24,261,102 - - - - - - - - - - - - - - - ---- --- - Tot.'86-90. 6,885,653 8,070,221 5,212.699 1,114,345 5,321,254 26,601,172 113,008,820 1991 ......• 1892 ... . ... 1898 .... . . 189! . .. . ... 1895 .... .. 1.518,690 1,638,238 1,111,892 2,020,180 2,170,505 1,60!,8to 1,5117,098 1,139,323 1,910,813 2,254,760 1,168,764 1,199,809 1,345,224, 1,167,!55 1,397,76, 727,912 1,150,519 1,381,128 1,865,538 2,115,138 1,266,029 1,i56,158 t,4fl7,fl69 1,691,2:16 1.1rn,8·l s 6,286,285 26.102.669 7,Ml,822 29,912,251 7,675,236 s2,602,967 8,655,222 36,765,652 9,652,ooa 40,999,778 Tot.'91-os. 9,o59,5os 9,100,sa4 6,2i0,O1g 1,240,2~5 7,624,925 s9,s1-0,s1s 1t1tJ.0ss.s11 1896 ...•.. 2, 185,872 2, 568,1 3 2 1,on,?9i 2,150,106 1,881.202 9,s21,106 41.74~.581 897 (est.)2,7~,iSO 2,975,067 1,397,000 2,826,916 2,249,000 12,172,463 51.706,183 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis A D SILVER. The ounces in the foregoing table may be turned into dollars by multiplying by 20·6718, and the value ia pounds sterling by multiplying by 4·2478. Thus, the product in 1897 stated in dollars is $251,626,721 and in sterling £51,706,188. That aggregate compares with $203,143,970 and £41,743,581 in 1~96, and $199,524,276 and £40,999,778 in 1895. 189'7-SlLVER PRODUCT OF THE WORLD. To indicate so early in the year the course of silver production in 1897 1s a very difficult affair. As we have stated in a preceding portion of this article, there is lack of interest in the results with regard to silver, and in consequence but little effort is made by mining companies to furnish early information. Such returns as we have been able to obtain seem to warrant the conclusion that there has been a further small drop in the output of the mines of the world, and that most of the principal producing countries share in the decline. The chief data thus far secured is for the United States furnished by Messrs. Wells, Fargo & Co. They make the yield in this country approximately 34,000,000, or say 57,000,000 ounces, silver being valued in the statement at sixty cents per ounce. Comparing this with the final result for 1896, as only lately made public by the Mint Bureau, there would appear to be a falling off of over one and three-quarter million ounces. It should be remarked, however, that, so far as silver is concerned, Messrs. Wells, Fargo & Co. 's annual figures have been quite uniformly less than those issued by the Bureau. In fact for 1896 their total was . but fifty million ounces, whereas the Mint made the aggregate 58,834,800 ounces. Whether the disparity of former years will be maintained in 1897 it is not .for us to say. Without further comment we bring forward our statement of the production of silver, beginning with 1871 and including an estimate for 189-7. SIL VEK.-WORLD'S PRODUCTION IN OUNCES AND STERLING. Fine Ounces. 1871 .....•..• 1872 .......... 1873 .•.•• , ..•• 187! ..•..•. .•• 1875 .......... United States. Ouncu, 17,886,776 22,358,472 27,650,000 28,819,000 24,518,000 Mexico. c.Junces. 19,657,983 19,657,983 19,657,983 19,657,983 19,657,983 All Other Australia. Countries. Owri,ces. OWnces. Total Total. Ounces. Values. £t 13,210,78 U,294,356 15,i47,463 15,588,965 13,755,245 151,583 9!,619 117,531 130,499 103,!80 14,770,091 14,770,091 15,146,490 15,522,890 15,522,890 52,466,433 56,881,165 62,572,00i M,160,372 59,802,853 - - - - - - - -597,712 - - -75,732,!52 - · - - - - --295,882,327 72,296,816 Total '71-'75.121,262,248 98,289,915 1876 ••..••..•• 1877 ...•••...• 1878 . ..•...• 1879 . ••• ....• 1880 ...•••...• 30,009,000 30,783,000 34,960,000 31,550,000 30,320,000 17,611,289 19,169,869 20,122,796 20,356,138 21,173,203 108,217 85,019 106,576 127,537 134,671 15,808,800 18,282,668 17,459,422 28,172,040 24,844,863 63,537,256 13,964,959 68,270,556 15,59i,60i 72,648,794 15,910,843 75,205,710 16,059,553 76,472,737 16,648,752 Total '76-'80.157,622,000 1881. . . . • • . . . • 33,260,000 1882 .. ... •..•. 36,200,000 1883 ....••.•. 35,730,000 1884 . ...••..•. 87,800,000 1885 ...•.... 39,910,000 98,433,240 28,685,215 23,762,183 23,956,630 25,679,045 26,919,511 562,020 97,096 M,655 116,012 145,Mi 839,749 99,517,793 24,226,650 27,592,415 29,M9,548 22,593,531 25,779,655 356,185,053 78,179,711 81,268,961 17,502,456 87,619,253 18,817,371 89,352,190 18,824,456 86,218,220 18,186,656 93,«8,915 18,933,140 Total '81-'85.182,900,000 1886 .....•..•• 39,!li0,000 1887 ........•. 41,260,000 1888 .....•..•• !5,780,000 1889 . ......... 50,000,000 1890 .....•.... 54,500.000 27,637,342 28,017,287 28,262,071 32,979,770 33,623,0!9 1,053,963 3,181,930 6,!181,37-l 9,150,235 11,277,603 27,379,873 25,653,312 27,173,!70 32,069,774 32,627,002 95,511,178 98,115,529 107,696,915 124,199,779 132,028,344 Tohl '86-'90.230,980,000 1891. ...••.... 58,330,000 1892 . . ........ 63,500,000 1893. ··•·· ..• 60,000,000 1894 . ..... !19,500,000 1895 .. . ....... 55,726,9!5 150,519,519 35,719,287 39,50!,800 44,370,717 i'i,038,881 46,962,7311 31,14.-8,105 10,000,000 13,i39,0ll 20,501.497 18,073,440 ll!,507,385 - - - 124,002,58! - - - -1,263,156 - - 129,7!11,799 ---- !37,907,539 ---- 92,29!,082 18,057,582 18,243,356 19,239,605 22,089,141 26,283,757 lii,90!,121 557,551,7!5 103,863,«0 33,916,175 137,965,!12 25,900,276 36,!96,175 152,939,986 25,370,518 41,228,063 166,100,277 2-l,655,510 53,140,e96 167,752,517 20.226,410 53,988,231 169,180,24,9 21,059,416 ---- - - - - ---- ~ ---- Total '91-95.287,056,945 213,595,878 7!l,521,283 218,764,3i0 793,93fl,4U 117,212,125 1896 .....•... 58,834,80 J i5,6ifl,424 15,160,077 45,459,586 165,100,887 20,981,571 1~97 (e:1t.) .. 60,000,000 45,000,000 H,000,000 42,000,000 161,000,000 l8,4.-8:J,8U tvalues or silver in this table are commercial values and are com· puted on the avera~e price each year of silver as given by Messrs. · Pixley & Abell, London. Value or£ in this table $4:8665. The figures in the above table for 1897 are of course estimated and incomplete. For 1896 the total production will be seen to be fully 165 million ounces, of which the mines of the United States 9ontributed a little over one-third. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis A TABLE SHOWING THE MONTHLY FLUCTUATIONS IN LONDON IN THE PRICE OF BAR SILVER~ PER OUNCE STANDARD, FROM £JANU.ARY, 1833, TO DECEMBER 1897, lNCLWSIVE, YEARS. JANUARY. FEBRUARY. MARCH. APRIL, Pence. Pence. Pence. Pence. MAY. JUNE. JOLY. AUGUST. Pence. Pence. SEPTEMBER. OCTOBER, N0VEl\lBER, YEARLY DECEMBER, AVER'GE . YEARS. - - - - 1- - - - - -1- - - - - 1 ~ ' - - - - 1 - - - - -1- - - - - - 1 - - - - - 1 · - - - - - 1 - - - - - -1- - - - - -1- - - - - - 1 - - - - - 1 - - - - - 1 - - - -1 - - - 1833. ... 1834. ... 1835.... 1836 .... 1837 .... 1838.... 1839 .... 1840 ... . 1841.... 1842.... 1843 .... 1844 .... 1845.... 1846.... 1847 .... 1848 .... 1849 .... 1850 .... 1851.... 1852 .... 1853.... 1854 .... 1855 .... 1856 .... 1857. ... 1858. ... 1859 .... 1860 .... 1861. ... l!:162 .... 1863 .... 1864 .... 5878 5918 59 78 593s -5934 6014 -603a 5912 603a -603s 6014 -6012 603a 593s 5918 -593s 5914 -593a 5914 59 14 6018 - 603a 5918 -5914 5958 -5934 593s -5934 6158 6012 -6034 613a 6112 -61¾ 6112 -6158 60 7s -6114 62 14 6112 61¾ -62 62 - 623a 61 14 -613a 61 -615s 6158 -6184 7 61 s -6212 5834 5918 60 5934 - 60 60 5912 603s 6014 603a 593a -5912 59 -59\1, 593a 5918 -5914 5914 603a 59 14 -593a 5934 5912 -593s 6112 -6115s 6012 613a 613s 6112 -6158 6118 -613a 6112 -6118 613s -617s 6134 62 -6218 6118 -6l14 6112 -6134 6112 -613g 6114 -6178 5834 60 60 593s -6018 60 5912 6014, -6058 6014 -603a 60 59'3 59 -5918 59145878 -5918 5914 603a 5918 -5914 60 -6018 593a -59¾ 6112 603a 613a 6178 6018 6012 -61 613a -6134 613a 61¾ -62¾ 6134 -6218 605s -61 6114 -613a 613a -6112 6112 -6134 rnit::: ii~ =ii~ ii~ =ii~ ih =iisa 6034 603s -6034 1867.... 60 7s 1868 .... 603a -:60 7s 603a -6012 6012 -6118 1869 ... . 6058 - 6078 60¾ -61 6012 -60&! 1870 .... 6012 -6034 603a -6012 603a -603s l871. ... 6012 -60 58 6012 -603g 603a -6012 l872 .... 603s -6118 6034 -6118 60¾ -6078 1873 .... 59¾ -5915 16 5934 -5915 16 5934 -5978 1874 ... . 58 -5912 5812 -59 5812 -593a 1875 ... . 5712 -575s 573a -5712 57 -5714 1S76 .... 54 7s -56ls 53 -5478 5212 -5414 1877 ... . 56 7s -5814 56 -57¾ 53 14 -5618 1878 .... 5312 -54 5315L 6- 5514 5418 -55 1879 .... 493s -51 4912 -5014 48 78 -5014 1880 .... 5214 -52¾ 52 -529 16 51¾ -5212 1881. ... 51 -51¾ 5114 -52 78 52 -5278 1882 ... . 5113 16-5218 52 -521 16 5178 -521 16 1883 .... 50 -50916 503a -51 5034 -513 16 1884 .... 50¾ -51 51 -513a 5011 16-513 16 1885 .... 493a -50 4813 16-499 16 49 -493l 6 1886 .... 47 -4678 4615 16-4612 467s -461 rn 1887 .... 4718 -4614 47 -465 16 467 16 -445 16 1888 .... 449 16 -4414 443 16 4313 16 43¾ -43 1889 .... 4211 16-423a 4234 -42½ 4258 -4214 1890 .... 4478 -4418 445s -4311 16 443a -4334 1891. ... 48:~ -4678 46¾ -44½ 456 16 -443s 1892 . ... 43¾ -4134 4115 16-4118 4158 -39 1893 .... 38910 -3818 38½ -3814 383a -379 16 1894 .... '.H34 -30½ 30 11 16-27½ 2718 -27 18!l5 .... 277 6 -273 16 2711ii;-2714 2934 -27~ 1896 .... 3018 -30½ 3111 16 - 3034 319 16 -311e 1897 .._.. 291_31t,-29111is 2934 -29111& 295s -28616 Pence. Pence. 5918 -5914 58 78 58 78 58 78 59¾ 59¾ 59¾ 6018 -60 14 59¾ 5934 593s -5934 59¾ 593a -5934 60 6018 60 -60 14 5914 -595s 5912 -5978 5912 -5934 59 14 593a -5912 593a 593a 593a 60 -6014 6014 -603a 603a 603a -6012 6014 -6012 6018 -6014 6014 6018 -6014 60 6014 6018 -6014 5918 -60 5914 -593a 593a -59½ 5934 -60 5934 5918 5918 5918 -5914 5914 593a 5912 593s 593s -59¾ 58 78 58 78 -5914 59 -5914 5918 -5914 59 59 59 5918 5878 -6u3a 5918 -5914 59 -59 7s 5918 -60 5812 -5912 5912- 60 5912 - 593s 5912 -5978 5912 -59 7s 593s -59¾ 5918 -60 59 7s 5958 591!s 593s 5915s -5978 6112 6118 -6112 60 7s -6118 60¾ -61 5918 -60 5978 59 7s -6014 603a 613a 6058 -613a 6058 -6118 6118 -6112 6158 -6178 60 78 -61¾ 61 14 -6112 6114 6058 6114 - 613a 6112 · 6112 -613s 6012 -61 61 -6118 60¾ -6114 60 7s -6112 617s 6112 -6178 613a -6134 61 7 61 14 -613a 6112 - 61 8 613a -6112 6114 -613a 6178 -623a 6214 -623a 62 -6214 62 -6234 6134 613g 613g -61¾, 6112 6078 -6134 60¾ -60 78 603a - 603s 6018 -6014 6118 -61 14 6114 -613a 61 - 613s 61 - 6118 61 -613a 6114 -613g 61 - 613g 61 -6114 1 61 4 -6178 6078 -6118 · 6118 - 613a 611s -615 16 34 916 6 61 ~~12 6034 -6114 603a -60:\.l 603a -6012 • 6012 6012 -603s 603a -6015s 603a 603a -607 16 6012 -605s 60 -603a 60 -6014 6014 -605 16 603a -6012 603a -6012 603a -6012 6012 -62 60316 -6014 60316 -6014 603a -60916 6012 -6058 60 14 -6018 601 16 -6012 60 -6018 601 16 -603 16 59¾ 593a -5978 59 6 16 -5912 59516 -593a 58916 -5914 58½ -587s 5!: 12 -59 5814 -5812 5718 -573a 5612 -57 55 ·:.. -55 7s 5511 16- 5578 52 -54 50 -52 46¾ -5112 5312 -54 5312 -55 535s -545s 5312 -54 5318 -5412 5318 -5414 5314 -5378 5212 -537 16 52516 -5213 16 4912 -5018 50 -5134 5112 -53 51 -5218 5134 -5214 521 16 -5214 52316 -52 7s 5212 -5278 52 -5218 5112 -52 51 -5111 16 5018 -523a 521 16 -525 16 5218 -527 16 517s -523a 5158 -52 503a -501316 501 16 -503a 50116 -50¾ 505l 6 -5012 5012 -51 50¾ -5015 16 503s -5015 16 501 16-5078 4878 -4918 481516-50 49 -49316 4918 -4914 4611 16-46 46 -4434 453a -441 16 44916 -42 44916 -4314 4334 -431 16 4414 -4311 16 441 16 -43"s 4218 -42½1 42¾ -415s 4214 -42 42516 -42 425 16 -421 16 1214 -4115 16 42316 -42 425 16 -42 48 -4318 47½ -46 49 -4614 50 78 -479 16 45 -4378 4518 -4414 46 -4414 463a -4558 4018 -3914 403a -3911 16 4118 - 40116 4014 - 39116 38516 -38 38916 -3758 8834 -30½ 34¾ -3218 293a -2918 2914 -281, 6 2915 16-286 18 2816 16-2918 3078 -2978 3018 -303 16 3011 _,i-3031 6 303s -303 18 3131 " - 301 .116 31¼ -ao11>18 319 111 ...·ns1 11 31111 -a1ss 28½ -28316 28316 -2712 272'.I. -27½ 2711111-2638 i~ =gg g~~ 593a 6014 59 14 60 14 -603a 59 -5958 593a 603a 60 14 -603a 6018 593s -5934 5914 59¾ 593a -5958 5918 59¾ -60 593s -59 7a 59¾ -59 7s 59 7s 60¾ -61 603a 6118 -617s 61 14 61¾ 61 14 -615s 61¾ - 62 6034 - 61 6134 - 62 613a -6158 6014 -6012 6114 -613a 61 -61 1 8 61 -6112 Pence. 5912 603a 595s 6018 -603a 59 14 -5912 5912 6012 6012 -60:SS 6018 593a -5958 59 14 5934 593a 5918 5958 -5934 5918 5912 -5934 60 -6018 6012 -60¾ 603a 6178 -6218 61 -6112 6112 615s -62 14 6112 6034 6134 -62 615g 6014 -60 78 6114 -613a 6118 -613a 613a -6115s Pence. 59¾ 59¾ 593s 6018 -60 14, 59 -5914 5912 6012 6012 -60¾ 5934 -59 78 5918 -59-¼ 5914 595g 5912 -59 7s 5914 -593a 5914 -5912 5912 -59 7s 593a -5912 6018 -603a 60 -605s 60¾ -6118 61 7s -6218 6118 -613a 61½ 62 61 7s 6118 61 78 6ll5s 603s 61 14 - 6112 -62 - 61¾, -60¾ -6178 6114 -615g 603s -61 14 14 Pence. 59 78 59¾ 5912 6018 59 14 -5912 5912 -5934 6014 -6012 6012 5918 5914 -593a 5914 595s 593a -59 7s 6018 5918 5912 -593s 5912 603a -6114 603a 6118 -617s 6178 -623a 61 1s - 6112 60 -613a 6214 6112 -617s 61 14 -6112 62 61 14 -6ll5s 60 78 - 6118 6178 - 6218 613a -6184 60 78 -613a 34 Pence. 59 78 5934 -59 78 595s 59 78 -60 5912 60 -6018 6014 6014 -60~ 5934 5918 -5914 5914 5912 5918 -5914 6018 5918 5912 5912 -595s 6112 60¾ 6114 -613s 613s -61 7s 61 5s 613a 6112 -61¾ 62 -623a 6114 -61&;. 62 6114 - 613a 61 -61-'4 613s -6134 615g -6134 613s =gg~ gg~ =i~t 603a gg~ =i8~ ig~ :i½ ii~ :ii ii~ =ii gi~ =gi~: -6012 605 -605s 603a -6012 603a -6012 603a -60¼ 16 6 6018 -6014 6014 -6012 603a -6012 6034 -60 7s 603a -6012 603a -6012 603a -6012 603a -605s 60 14 -603a 603a -6015s 6012 -603s 6012 -603s 6058 -601316 6014 -605s 603s -61 6012 -61 7s 605 16 -60716 60 -6014 5914 -5934 5958 -5934 7 581316-5918 5812 -59 57 8 -5818 58 -58116 5758 -58 573s -5713rn 57¾ -5814 5714 -57¾ 5611 16-5634 56¾ -5718 563s -5615 16 5618 -5658 5118 -529 16 52 -5315s · 5318 -55 5514 -5812 5414 -5514 545s -5515s 54 -55 53¾ -5414 5112 -5218 4912 -519 16 503a -50¾ 4912 -501116 513a -515s 519 16 -5334 53 -53¾ 523a -53 5218 -525s 511316-525 16 5158 -51 7s 5158 -52 515s -5113 16 511316-5218 5178 -52 51¾ -52 51¾ -521 16 5112 -5115 16 50 78 -5134 50 -50 7s 7 50716 -5058 5058 -5015 16 50 s -51 5012 -5015 16 5012 -51 50916 -507~ 5058 -5078 507 16 -50 7s 4911 16-50716 4912 -49 7s 487 16 -493 16 4714 -483a 4714 -475s 47516 -4712 46 7s -4712 4258 -42 45 -4258 45 7s -44½1 47 -45 7s 463a -45 4514 -4414 45 -447 16 44¾ -431316 43151s-4315s 4518 -431316 7 4218 -4115 16 443l 6 -421 16 433a -42 s 4318 -42 78 42 7s -42516 429 16 -4214 121 1s-423a 43½1 -425s 443a -433s 443a -4334 54½ -50¾ "''>458 -50 51½ -4818 48¾ -45 49½1 -4714 4618 -451 16 l5o 16 -44¾ 45 -441 16 44116 -4312 4414 -43½1 391 16 -3778 38516 -3818 395s -3818 3914 -38¾ 39316 -371516 3418 -3211 16 34½ -3378 3418 -31½ 32¾ -31½ 32 616 -3134 30½ -2811 16 3014 -293rn 299 16 -28 1516 295 .6 -283a 28½ -2731 6 300 16 -3014 309l 6 -307 16 313s -305s 31 -3058 30lll6-30 313s -8038 ao1 16-30 306 18 -2984 30316 -292'.I. 30 -29131s 26¼ - 2834 2714 -232'.I, 2712 -25916 27½ - 263s 2734 - 25 16 16 6018· -603a 6014 -603a 603a -6058 603s -6034 60 -6014 581316-593 16 57 7s -5818 56 -565s 50 14 -5334 54 -5414 5218 - 5234 5118 -517s 5212 -52 7s 5114 -517s 51 7s -521 16 .... 1833 .... 1834 .... 1835 .... 1836 .... 1837 .... 1838 .... 1839 .... 1840 .... 1841 .... 1842 .... 1843 .... 1844 .... 1845 .... 1846 .... 1847 .... 1848 .... 1849 .... 1850 .... 1851 .... 1852 .... 1853 .... 1854 .... 1855 .... 1856 .... 1857 .... 1858 .... 1859 .... 1860 .... 1861 .... 1862 ... . 1863 .... 1864 .... 1865 .... 1866 .... 1867 .... 1868 .... 1869 .... 1870 . ... 1871 .... 1872 .... 1873 .••. 1874 .... 1875 .... 1876 .... 1877 .... 1878 .... 1879 .... 1880 .••. 1881 .... 1882 .... 1883 .... 1884 .... 1885 . ••. 1886 ___ Hu;27 •••. 1888 •••. 1889 •••• 1890 .••• 1891 .... 1892 .... 1893 .... 1894 .... 1895 .... 18Sl6 .... 1897 GREAT BRITAIN-BANKS COMMERCIAL MOVEMENTS BUSINESS IN ENGLAND .IN 1897. [Communicated by Our London Correspondent.] LONDON, January 15, 1898. Political apprehension, though less keen than in the preceding twelve months, continued to prevail throughout the year just ended. As a result of the failure of the 1896 crops in India, famine set in upon an unprecedentedly wide scale in that country, and it was followed by plague at Bombay and other parts of the west coast, while later there was a severe earth(iUake along the eastern coast and on the northeast frontier. The murder of some political officers in the neighborhood of Bombay and the rioting that continued for some days in the suburbs of Calcutta caused fears for a time that political troubles might ensue. But it soon became clear that the Bombay murders were the outcome of ignorant religious fanaticism, and that the rioting in Calcutta was a purely local affair. In the latter part of the summer a very formidable rising of the hill tribes on the northwestern frontier broke out. The country is little known and is almost impassable because of the height of the mountains, want of roads, and so on. A very large British force was collected, and the territories of the belligerent tribes were entered. But owing to the difficulty of conveying food and ammunition, the operations have been protracted beyond aU expectation, so that although most of the troops were withdrawn for the winter another expedition will have tu be sent out in the spring. While the British authorities were earnestly endeavoring to deal with the famine in India, apprehension arose that a conflict with the Transvaal could hardly be avoided. The Transvaal Government denied the suzerainty of this country asserted by Mr. Chamberlain. It began rapidly to fortify Pretoria, and it gave hints of an intention to overawe . and chastise Johannesburg. The British garrison in So~th Africa was consequently reinforced, and a squadron was as sembled in Delagoa Bay. The Transvaal Government then withdrew from · the position it had taken up, and better relations between the two governments were established. Shortly afterwards an industrial commission was appointed to inciuire into the grievances of the Uitlanders. The commission took very exhaustive evidence and reported in favor of farreaching concessions, but unfortunately the Raad refused to carry out the recommendations of tho commission, and so the relations between the Uitlanders and the Boers remain strained, though happily the relations between the British and the Transvaal governments are better than they were. No sooner was political trouble in onth Africa allayed than fears of a great European war sprang up: An insurrection had existed for some time in the Island of Crete when suddenly the Greek Govern https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis IN & TRADE. 1897. I ment sent an expedition to that Island under Col. Vassos. The Great Powers called upon the Greek Government to withuraw that expedition, and used: their influence at Constantinople to induce the Sultan not to regard the expedition as an act of war. The Greek Government, however, refused to withd1·aw, and then the island was blockaded by the Great Powers. The Greek Government, hoping to force the hands of the Powers, and reckonmg upon the undoubted sympathy of England, France and Italy,. declared war against Turkey. Some of the Powers, notably Germany, were eager for operations against Greece. England, however, refused to join in any such action. Russia and Austria-Hungary, it is believed, intimated to Servia and Bulgaria that they would not be allowed to join Greece, and Greece, left alone, was hopelessly powerless. o doubt is now entertained that the King and his Ministers hoped that the Powers would intervene to prevent war, and that the invasion of Turkey was little more than a game of brag. The intervention, however, came too late. It prevented Turkey from seizing Gre~k territory, but it allowed the Greek army to be disastrously routed. In August the President of the French R.epublia visited Russia, and was received with extraordinary enthusiasm by the Court and the people. At one of the fetes the long-known alliance between Russia and France was officially acknowledged. Later in the year a struggle of the nationalities in ustria broke out, causing deep-seated uneasiness al over Europe. About one-third of the population of Bohemia is German and about two-thirrls Czech. The. Czechs had long been agitating for home rule and for the acknowledgement of their language :1,s th~ official language of Bohemia. The Austrian Government conceded the latter demand to a certain extent, which made the Germans so indignant that they copied in the Austrian Reichsrath the tactics so successfully applied by the late Mr. Parnell in the Parliament at Westminster some years ago. Nearly all of the Germans in the other provinces of Austria sided with the Bohemian Germans, and in not a few cases speakers declared that Lhey would prefer union with Germany than to remain in the dual monarchy if their race and their language were not to be predominant. Business in the Reichsrath was brought to a complete standstill and finally the Badeni Government had to res· gn. It happened that the Compromise, as it iscalled, or Treaty of Union between Austria and Hungary, was under discussion at the time and ought to have been renewed before the 31st of December. In 1S67, when Hungary agreed to give up some o her extreme claims and to accept a common ministry for foreign affairs, a common post-office, a common customs system and a common army, it was settled that the compromise was to run for ten years and was to BUSINESS IN GREArr be revisable and renewable thereafterwards for similar periods. The renewal ought to have taken place last year. But the Germans in the Heichsrath, preferring their own race ascendency to the interests of the Empire, refused to allow the measure to pass, so that at the present moment there is no legal tie between Austria and Hungary on the Austrian side, except that the Emperor of Austria is King of Hungary. The Hungarian Parliament, with truer statesmanship, has renewed the old compromise for a year. What will happen if the Austrian Reichsrath cannot be brought to reason during 1898 nobody ventures to predict. It need hardly be added what a danger to the peace of Europe exists in even the remotest peril of a break-up of the Austrian monarchy. While people were watching with the gravest misgivings this ominous conflict, it was suddenly announced in November that the German Government, in consequence of the murder of two German missionaries had sent a couple of ships to Kiao Chou, had entered the port without opposition, and landed a few hundred blue-jackets, and had taken possession of the town. Then Prince Henry, the Emperor's brother, was sent with two warships to reinforce the German fleet and at Keil speeches were made by the German Emperor and by his brother which excited not a little derision and much more apprehension throughout Europe. Was Germany, people asked, agreed with Russia in this adventure, and was the world about to witness a scramble for China much like the scraml>le for Africa in recent years? The Chinese Government appears to have recognized that it had neither army nor navy, and that it was hopeless, therefore, to resist Germany. Consequently, it ceded, under the form of a lease, the town and port of Kiao-Chou with a certain territory around. The Russian fleet shortly after the arrival of the German ships in Kiao-Chou sailed to Port Arthur, and it was announced that the Russian fleet was to winter there with the consent of the ('hinese Government. Two British ships, at the same time, entered Port Arthur and have been lying there ever since, while the British squadron is massed at Chemulpo. Apparently Russia and Germany are to have their way so far as Port Arthur and Kiao-Chou are concerned, but our own Government is insisting upon its own rights and those of other Powers in trade matters, and Japan has been arming with breathless haste. The former Japanese Cabinet was overturned, and the Marquis Ito, who was Prime Minister during the war with China, chosen to form a new Gove1rnment. It ·is understood that new orders are being put out in Europe for fresh ships and other munitions of war. Still nobody believes that Japan alone will enter upon a struggle with Russia, Germany and France. To complete this hasty sketch it need only be added that the Uruguayan President was murdered by a political opponent, and that his successor has so far governed with much prudence. Furthermore, an attempt was made upon the life of the President of Brazil. In Spain, too, the Prime Minister was murdered. After a vain attempt the Consnvative Cabinet was unable to hold together after his death and Senor Sagasta formed a new Cabinet, which has since been grappling with the Cuban question. All through the year there ha~ been more or less apprehension that the struggle in Cuba would result in the intervention of the United States, and that that might lead to a war with Spain. It is to be hoped that the wiser policy adopted by Senor Sagasta will pacify the island. The struggle in thP. Philippines has ended by the submission of the insurgents. But while prospects are: more favorable abroad for Spain, her :finances at home are in a d~plorable state, and it is difficult to see how she can continue to pay the interest upon her debt. The chief political event in the United Kingdom was the celebration of the Queen's sixtieth anniversary of her accession. To celebrate the event the Prime Ministers of all the https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis BRITAIN. self-governing Colonies visited London. They were received with the most ardent enthusiasm. Mr. Chamberlain, the Secreta1·y for the Colonies, took advantage of their presence to hold several conferences, and though nothing practical was· done towards making nearer the Federation of the British Empire, some remarkable events occurred touching upon the evolution of that Empire. For one thing, the Imperial Government recognized that a self-governing Colony is not bound by a treaty entered into by the Queen's Government u nless that Colony is either represented in the· negotiations or voluntarily accepts the treaty afterwards. Canada argued that she was not bound by right by the. treaties of commerce with Germany and Belgium, although as a matter of fact they have been recognized by Canada for thirty years. And the Imperial Government admitted the justice of the Canadian c0ntention and gave notice to terminate the treaties in question. Furthermore,. the Cape Colony made an important step towards the acknowledgment by the self-governing colonies that they are bound to contribute to the defense of the Empire. Sir Gordon Spriggs, the Prime Minister, while in London, made a present to the First Lord of the Admiralty of a first-class battleship in the name of the Colony he represented, adding that the gift appeared to him the most suitable way of contributing to Imperial defense. The home trade has, if possible, beep. more prosperous than in previous years. Ever since the Baring collapse in 1890 the most remarkable feature of our economic condition has been the wonderful way in which the home trade improved in spite of fluctuations in the foreign trade, in spite, too, of tariff impositions abroad, and fears and rumors of war, and the like. And during the past year the improvement has been maintained. Taking the twelve principal railways of the United Kingdom as samples of the whole, and as giving the best measure of the movement of commodities throughout the Kingdom, we find that the gross earnings amounted last year to £69,765,000, as against £67,388,000 for 1896, an increase of as much as £2,377 ,000~ Furthermore, the totu.l revenue collected by the Imperial Government for the nine months ended with December reached £77,366,000, against £74,988,000 in the corresponding period of 1896, an augmentation of £2,378,000. No new taxation was imposed, thus reflecting the greater prosperity of the country. This prosperity is the more remarkab]P as t.r ade has un doubtedly suffered since July from the great dispute in the engineering trade. The men employed in the London dis trict asked for an eight hours day without reduction of wages, or, to speak more properly, they asked for a week of 48 hours. The employers refused, and they were joined by the Federation of Employers all over the Kingdom. The dispute was origmally confined to London alone, but the· employers proceeded to shut out batches of their mPn all over the country. In this way the dispute has spread so that it is estimated that over 80,000 men in the engineering and allied trades are now locked out. As a matter of course, so great an interruption in so gr at an industry has had a very bad effect upon other industries, and must therefore have enormously decreased the general body of trade. In spite of that, however, the railway traffic returns and the revenue returns prove that the country, taken altogether, was more prosperous last year than in any year of our history. A serious dispute in ·the cotton trade at one time was threatened, the employers having given notice of a reduction of wages of five per cent. The employes refused to agree, and refused moreover to submit the matter to arbitration. Finally, however, the employers withdrew theirnotice as the trade began to improve. A very serious. strike of the railway men was also threatened. Luckily this likewise was averted. The truth appAars to be that trade is so good, employment so abundant and wages so well maintained that the more reasonable part of the work people are quite satisfied with their condition, and refuse to be dragged into unmeaning quarrels, while in some few in stances the very pro8perity of the men led them to believe· that they could not be resisted. It was notorious that the engineering trade had never been so fully employed when the London men asked for a 48-hours week. They thought that the employers could not afford to delay their works or to allow the orders which otherwise would have come to 0 3 6 B GREAT them to be sent abroad. Just before Christmas the Board ,of Trade intervened in the hope of bringing about a settlement, and after very protracted negotiations a provisional agreement was arrived at. But when it was submitted to the men they rejected it by an overwhelming majority, and so the unfortunate struggle was continued. The iron industry has been in a :flourishing state. The ·coal trade has been active too. The shipping trade has been exceedingly prosperous, freights having been good and -employment full. The woolen trade, notwithstanding the Dingley Tariff, has maintained its position; and even the -0otton trade, in spite of the Dingley Tariff and the famine in India, has been fairly good-at least if we may judge from the dividends declared by the limited liability spinning companies. For example, it appear that over ninety-one spinning companies, running over seven million spindles, made a net profit during the year of £15 ,000 against no more than £100,000 in the preceding twelve month . The capital of these ninety-one companies is £6 100,000, so that the percentage of profit is about 2½ per cent, whereas in the preceding year it was only about .two-thirds as much. The <lOmparative prosperity of the cotton trade and the great activity in the other trades referred to are due undoubtedly to the well being of the population at home. The Indian famine, for .e xample, rendered the Indian people unable to buy cotton goods upon the old scale. Furthermore, the plague in Bombay practically stopped both imports into and exports from that port for some months. Consequently there is a marked falling off in the exports to India. There is likewise a very marked falling off in the cotton exports to China, which is accounted for by the extraordinary fall in silver. India, owing to the closing of the mints, is not much affected by the ups and downs in the price of silver, but China, where the Mexican dollar is the usual coin of trade , immediately feels every fall in value. There was a falling off likewise in the demand for South America. In pite of all, however, as just said, the industry was fairly good. It may be added that the r~turns of the Clearing House how for the whole year 1897 a small decrease on the Stock Exchange and consol. settling days and on the days immediately following each Stock Exchange ettlement. In other words, the number of clearances and the amounts cleared .at the times in which speculative business is mainlv included show a falling off for the year 1897. But on all ordinary <lays where qpeculation is absent there is a marked increase in the number of clearances and in the amounts cleared. ·Trade, that is to say, bona fide trade, whether wholesale, retail or manufacturing, steadily and persistently increased all through the year, while speculative business was more or less held in check. The foreign trade shows a decline in the outward movement. The total value of the exports of British and Irish produce and manufactures was £234,350,000, against £240,145,000 in the year before, a decrea e of about £5,795,000. On the other hand there is a considerable increase in the re-exports of Colonial produce. Their value last year was £59,834,000, against no more than £56,233,000 in the year before. In the imports there was a very marked increase; the total value in 1897 was £451,239 ,000, against £441,809,000 the year before, an augmentation of £9 430,000. Taking our whole trade together, imports, exports and re-exports, the value was £745,523,000, the greatest ever recorded in our history. In the previous year-a very prosperous onethe amount was only £733,187,000. Furthermore, the excess in value of our imports over our exports was greater last year than in any year of our history, amounting to the enormous sum of £157,055,000. Part of this sum represents of course freights earned by our shipping in carrying goods and passengers for other countries. Another large part of it represents profits, dividends and interest upon investments made abroad, and possibly some part of it represents ,capital which had previously been employed abroad, but was brought home last year. For example, the Indian Government by closing the mints is endeavorin 5 to raise the value of the rupee to 1s. 4d. of British money. At that price it will exchange rupees for gold. But the great majority of business people refuse to believe that the Indian Government will succeed. Therefore, whenever the rupee rises very near to ls. 4d,, people who were employing capital in India in a more or less liquid state have sent it home , thinking that https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis BRITAIN. they are not likely to get a higher exchange, and consequently a more favorable opportunity for withdrawing their capital. That this has been going on to some extent in the case of India is unquestionable, and that capital has also been withdrawn from other countries where, for political or other reasons, there is more or less of distrust, is in the highest degree probable. It may be well to add that the year was short by one day. The day on which the sixtieth anniversary of the Queen's accession to the throne was celebrated was made a banking holiday, and consequently it was a holiday as far as the customs houses were regarded. The growth in our imports is very largely due to our purchases of produce from the United States, the value of the goods so bought a.mounting to the enormous sum of £114.600,000. The falling off in the exports, as already stated, is ascribable mainly to the Indian famine, the Dingley tariff, the fall in silver ( disorganizing for the time being the Chinese and other silver markets), and the failure of the crops in Australia and Argentina. The engineering d.ispute also exercised an injurious effect upon our trade, though it is noteworthy that our exports of machinery only declmed about three-quarters of a million sterling in value. The Grooco-Turkish war disturbed business somewhat and so did the financial difficulties of both Italy and Spain, and likewise the insurrection in Uruguay. Practically, however, the chief falling off in our exports is to Inrlia, China, South America and the United States. It is noteworthy that in December there was a revival in the exports both to the United States and to India. As yet, however, there is no sign of much increase in either South American or Australian purchases. But as the harvest prospects are now excellent in both Argentina and Uruguay, it is probable that there will be a revival there in the new year. Ship-building in the past year was greatly hindered by the engineering strike. In the first half of the year the activity was abnormal, and it looked as if the out-turn would be the largest on record. The engineering dispute, however, interfered with the industry very greatly. so that there is in the end a considerable falling off compared with the previous year. According to the annual review of Mr. John White the total construction amounted to 1,122,824 ton gross register, comprising 712 steamers of 1.057,025 tons and 222 sailing vessels (including barges) of 65,799 tons. This is about a quarter of a million less than the previous year, and includes . 54,327 tons of war vessels built in private yards, and 246 vessels, such as trawlers, paddle steamers and barges. The net construction of merchandise vessels is reported 1,021,185 tons, of which 386 are steamers, representing 955,336 tons. Of this total three steamers alone represent 33,688 tons. As the orders booked are very large, and as it is known that other orders are ready to be placed whenever the engineering dispute comes to an end, it i probable that the construction in the coming year will be large beyond precedent. The money market has varied a good deal during the twelve months, though there has been no serious alarm and no serious perturbation. The year opened with the Bank of England discount rate at 4 per cent. In January it was reduced to 3½ per cent, in February to 3 per cent, in April to 2½ per cent and in May to 2 per cent. It remained at the latter figure till the end of September, when it wa raised to 2½ per cent, and in the middle of October to 3 per cent. At the same time the directors of the Bank of England took measures to increase their control of the open market. At the beginning of the year it was generally expected that gold would accumulate in London in very large amounts, partly owing to the great increase in the gold production, and partly to the hope that political confiilence would return. The outbreak of the Greek war, however, induced Russia and Austria-Hungary to resume the accumulation of gold which has been going on so long. The metal went later to the United States, to South America and to Egypt, and there were fear likewi e of withdrawals for fndia. In consequence of all this the directors of the Bank of England besides putting up their rate to 3 per cent in October borrowed in the open market about four millions sterling ; thereby they reduced the funds in the open market so much that gradually rates were forced up considerably, and the Bank retained control to the very end of the year. For the whole twelve months the BUSINESS IN GREArl' BRITAIN. 37 average Bank rate was 2% per cent, against 2½ per cent in Indian purchases were partly speculative and partly for native consumption 1896 and 2 per cent in 1895. The stock markets did not move much during the year. The average rate of discount in the open market for three months bills was £116s. 10d., against £110s. 0½d, the year Speaking b1·oadly and generally there was very little specubefore. The Bank held at the beginning of the year about lation either on the bull or on the bear side, while the 40 millions sterling of gold; later the amount was reiluced investing public for the most part kept alo()f from markets. to about 30 millions sterling and the reserve fell below 20 except for securities of the very highest clasi;. In spite of millions sterling. Less gold, however. went to New York all political apprehensions consols fluctuated little, the than was very generally expected; none was sent to India highest point touched heing 114 and the lowest 110%, Indian except the usual shipments to meet the customary native Government securities likewise varied little in spite of demand, and ,ery little went to South America. The famine, plague, earthquake and frontier war. In the 3½ market was almost entirely influenced by political events per cents sterling stock the highest point touched was 119 and by apprehension that gold would be taken in very large and the lowest 116¼, Colonial Government stocks moved amounts by the United States, India, Japan and Russia. within a narrow compass, though there was an appreciation Trade, as already shown, was very good, but the manufac- in both Canadian and Western A.ustralian. In the securities ture of bills was not exceptionally large and there was of the great Continental Powers the price fluctuations were-exceedingly little speculation in commodities. There was small, considering the Grreco-Turkish war, and since the· likewise very little speculation on the Stock Exchange, and close of that struggle there has been a general appreciation. the new issues by foreign countries were very small. India Italian Government securities on the withdrawal from the borrowed about 7 millions sterling. A few Canadian loans African adventure improved about 9 per cent in the course were brought out, but, except that for Western Australia, of the year. In Spanish bonds, on the other hand, there have beenthe Colonies generally made few issues. Almost the whole demand for new enterprises was of wide fluctuations, the lowest quotation being ~8 and the home growth. It consisted generally of industrial concerns highest 64¾, In Greek bonds there was a fall from about which either required additional capital or were engaged in 30 to 19. In Brazilians the highest quotation for the 1889, amalgamations. In very many cases these new industrial loan was 71 and the lowest 61. Argentine Government co~panies were over-capitalized, and very many of them on securities were depressed early in the year because of the that account were not subscribed tu by the public. In failure of the 1896 crops. But the resumption of the fulI numerous instances the underwriters had to take up nearly interest on the debt a year before the time fixed by the the whole of the shares they bad underwritten. Nominally, Rothschild-Romero agreement caused a very sharp rise, and the amount of capital asked from the public was very large, the promising character of the harvest has led to a furtheramounting to 157 million:; sterling, against 153 millions depreciation. Indeed, all Argentine securities have risen sterling in 1896, only 104 millions sterling in 1895, no more very considerably. than 92 millions sterling in 1894 and as little as 49 millions In the American department business was very quiet and sterling in 1893. It will be seen that the amount for last prices low until the passing of the Dingley Act. The sharp, year was more than three times that for 1893. But for the rise that followed in New York was taken advantage of by greater part the companies were not new in the proper holders in Europe to sell upon a very large scale. Tb,,ere sense of the word. They consisted either of private busi• was a certain amount of professional speculation, but the nesses that were converted into limited liability companies great public held aloof, and, practically speaking, did very or of a number of old companies that were amalgamated. little either in buying or selling. There was a little specThe capital received was therefore only transferred from ulation in· British railway stocks, but it was half hearted. one set of persons in the united Kingdom to another set. There was a good deal of investment, however, as European Consequently, except for a short time , these new issues investors, owing to the general condition of the world, havedid not affect the couree of the money market. At the been unwilling to make ventures upon a large scale abroad same time it ought to be pointed out that the British in- of late. But the chief business done undoubtedly bas been vestments abroad were much larger than would appear in industrial securities. Just as most of the new companies from the amount of capital publicly invited either by have belonged to that category, so the most active business foreign or colonial governments or by foreign and colonial of the year has been in the shares of manufacturing, com_ companies. In Western Australia., in other Australian mercial and industrial companies. colonies,in India, in South Africa, and in Canada, to take only In the mining department there has been a very considera few examples, a very large amount of money was in - able business in Western Australian shares. But the South vested in gold mines, in industrial enterprises and the like, African market has been neglected The ,market bas been by syndicates and others who did not, in the course of 1897 fairly well supported by the great mining: magnates, lmt at all events, transform the enterprises into limited liability the general public has held aloof. It is noteworthy that companies. whenever there has been~ sharp fall in South African gold The price of silver fell last year to the lowest point ever shares, German capitalii:!ts have bought actively, and whenrecorded-23¾d. per ounce early in 8eptember. At the ever there has been a considerable rise they have sold, beginning of the year the quotation was fairly steady at French investors and French capitalists have done little, 29¾d, per ounce, India aq.d Russia buying freely. In March and the British public has quite abstained. The business the price fell on the announcement by the Japanese Gov in the mining market, as far as the South African departernment of its intention to introduce the single gold stand- ment is concerned, has been either foreign or speculative. ard. And later in the year the fear that Japan would sell In short, all departments of the Stock Exchange have silver for the purpose of obtaining gold led to very heavy been during the year under the shade of political uncerselling of the metal both in the United States and Europe. tainty. The more confident and enterprising, who made up Many of the sales were purely speculative. Under the their minds that there would be no war, backed their . pressure of these sales the quotation went down to 23¾ d, opinion by underwriting numerous companies only to find per ounce. Then India began to buy freely, bear speculators that the great public would not subscribe, and that therehastened tocovertheirsales, and the quotation rose to 27¼·d. fore their surplus funds were in large measure locked up. per ounce before the end of September. There was The general public did not exactly fear war, but it saw that another fall to 25d., a recovery to 27.%,d., and the price the Cretan troubles. the Graeco-Turkish war, the Cuban inclosed for the year at 26%d, per ounce. The Wolcott nego- surrection, the condition of China, and the attitude of tiations in Europe had hardly more than momentary influ- Russia, Germany and Japan were all full of dangers which ence upon the market for silver. Although it was known might easily lead to complications if much tact and pruthat some kind of provisional understanding had been dence were not exercised. Therefore they decided to wait arrived at between the French Government and the United upon €vents and not to commit themselves until they could States Commissioners, and that both bad opened communi- see their way more clearly. The year, therefore, for a time cations with the British Government, the price of silver of great prosperity, has witnessed smaller snbscriptions to steadily fell. Europe and the United States were both new issues and smaller investments at home and abroad sellers, arrd probably the fall would have been heavier were than its predecessors for a long time past, and especially it it not for the purchases of India and Russia, the Russian has been characterized by an extraordinary absence of purchases being entirely for monetary purposes, while the speculation, whether on the bull or bear side. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis IN GREAT BUSI ESS In the subjoined statement we show all the changes in the Dank of England rate in each year from 1889 to 1897 ,inclusive: BANK OF ENGLAND RATE OF INTEREST. Rate Number per of days. cent. Year. 1 889. J a n . l to Jan. J an. 10 to Jan. J an. 24 to Jan. J an. 31 to Apl. A pr. 18 to Aug. Aug. 8 to Aug. Aug . 29 to Sep. s ept. 26 to Dec. Dec. 30 to Dec. Rate Number per of days. cent. Year. --- 10. 24. 31. 18. 8. 29. 26. 30. 31. Yea.r's average .••. 1890. J an. 1 to Feb. 20. Feb. 20 to Mar. 6. Mar. 6 to Mar. 13. Mar. 13 to Apr. 10. Apr. 10 to Apr. 17. Apr. 17 to June 26 . J une 26 to July 31. J uly 31 to Aug. 21 . Aug. 21 to Sept. 25. Sept. 25 to Nov. 7. Nov. 7 to Dec. 4. Dec. 4 to Dec. 31. -- - - - 1892 (Con.)5 9da ys Apr. 28 to Oct. 20. 2 175 davs 4 14 days Oct. 20 to Dec. 31. 3 72 days 7days •· 319 3 77 days Year'saverage .•• . 2·52 366 days 21g 112 days 3 21 days Jan. 11893. to Jan. 26. 3 26 daye 4 28 days 26 to May 4 219 98 days 5 95 days Jan. May 4 to May 11. 3 7 days 6 2 days May 11 to May 18. 319 7 da1s May 18toJune 8. 4 21 days 3·56 365 day!! June 8 to June 15. 3 7days June 15 to Aug. 3. 219 49 days 6 5u days Aug. 3 to Aug. 10. 3 7daya 5 14days Aug. 10 to Aug. 24. 4 14 days 419 7 days &ug. 24 to Sept. 14. 5 21 days 4 28 days Sept. 1-4 to Sept. 21. 4 7 days 7 clays Sept. 21 to Oct. 5. 319 319 U. days 3 70 days Oct. 5 to Deo. 31. 3 87 days 4 35 days -·· - - 5 21 daye Year's average .••• 3·06 365 daya 4 35 days 1894. 6 43 days Jan. 1 to Feb. 1. 3 32 days 6 '1.7 days Feb. l to Feb. 22 . 2¼ 21 days 5 28 days Feb. 22toDeo. 31. 2 312 days 4·52 365 days Year's average ..•. 2·11 365 days --- -- - - - --· --Year's average ..•. 1891. Jan. 1 to Jan. 8. Jan. 8 to Jan. 22. Jan. 22 to Jan. 29. Jan. 29 to Apr. 16. Apr. 16 to May 7. May 7 to May 14. May 14 to June 4. .J uue 4 to June 18. June 18 to July 2. July 2 to Sept. 24. Sept. 24 to Oct. 29. Oct. 29 to Dee. 10 Dec. 10 to De<'. 31. 5 7day11 -- ---- 1895. Jan. 1 to Dec. 31. 1896. Jan. 1 to Sept. 10 . Sept.10 to Sept. 24 Sept. 24 to Oct. 22. Oct. 22 to Dec. 31. 14 days 7days 77 oays 21 days 7days 21 days 14 days Year'saverage .••. 14 days 84 days 1897. 35 days Jan. 1 to Jan. 21. 42 daye Jan. 21 to Feb. 4. 22 days Feb. 4to Apr. 8 . Apr. 8 to May 13 Year's average .••. 3·32 365 day11 May 13 to Sept. 23 1892. Sept. 23 to Oct. 14. 21 days Oct. 14 to Dec. 31. J an. 1 to Jan. 21. 319 77 days Jan. 21 to Apr. 7. 3 Year's a.vera.'!e . .. 21 days Apr. 7 to Apr. 28. 219 4 3lg 3 319 4 5 4 3 2¼ 3 4 319 -- - - - 2 365 daya 2 254days 21.g 14 days 28 days 3 70 days 4 --· ---- 2·48 366 days 20 days 4 31.g 13 days 64 days 3 2lg 35 days 2 133 days 21g 21 days 3 79 days ---2·79 365 days The appended table, made up from the official statements 0£ the Bank of England, shows the position of the Bank as regards bullion, reserve, ~tc., each week of the yea.r. BANK OF ENGLAND IN 1897.-(00,000s omitted.] - ~ .....i aj ~ DEPOSITS. SECURITIES ch~ .~r:! . s~ ., ~,CL =ctl~ = ~~cq ~ t~8 t .s~ ~g i:q~_g~s:i. P-4~ 0~ Cl~ 0'!3 ~~z,g= i:q=A ,.!:lj~i:= --- - - --- - - - --- - - - · -.£ .£ .£ .£ .£ .£ .£ Pr.ct. Pr.ct. -,-f 1897• 0~ g -~~s A'd 0 ;o i-.. Q:) . ~ a2.S ,!( Q:)0.111 0 ~CQ~ 26,6 J an. ,, 136 .... 26,0 20 .. 25,7 " 27 .. 25,6 " F eb. 3 .. 2i'>,9 25,6 10 .. " .. 25,5 " 17 24 .. 25,5 M ar. 3 .. 26,l " 10 .. 25,8 25,9 " 17 24 .. 'l6,2 " 31.. 27,2 " A pr. 7 .. 27,6 " 14 .. 27,8 21.. 27,3 28 .. 27,2 " May 5 .. 27,6 " 12 .. 27 ,4 •. 27,2 " 19 26 .. 27,2 " J une 2 .. 27,6 " 169 .... 'l7,3 27,3 " .. 27,5 " 23 30 . . 28,5 " J uly 7 .. 28,2 " 14 .. 28,0 21.. 27,9 " 28 .. 28,0 A ug. 4 . . 28,5 .. 11.. 28,0 18 .. 27,9 " 25 .. 27,6 " 8 ept. 1.. 28,0 " 8 .. 27,6 .. 27,4 " 15 22 .. 27,1 " 29 .. 28,1 " 0 et. 6 .. 28,4 27,9 13 .. " 20 .. 27,5 " 27 27,3 .. " OT, 3 .. 27,6 10 .. 27,4 " 17 27,2 " 24 .... 26,9 " Dec. 1. . 27,3 27,1 " 158 .... 27,0 " 22 .• 27,5 " 29 .. 27,3 " . . . a Oct. 2, 1896. 34,5 35,6 36,4 37,l 37,3 37,7 38,5 39,0 39,0 39,4 3'd,7 40,1 39,3 38,4 36,4 36,3 36,5 36,2 36,2 36,7 36,5 36,0 35,8 36,3 36,6 36,9 36,7 36,7 36,8 36,6 36,0 35,6 36,0 36,2 35,7 35,3 35,3 34,6 34,3 33,2 32,0 31,8 31,9 31,5 31,5 31,9 32,4 32,4 32,2 31,7 30,8 30,4 8,0 7,0 8,4 9,6 10,6 13,2 15,1 16,2 16,2 17,0 16,8 17,1 16,1 11,1 10,9 11,6 11,2 9,7 10,2 11,5 11,8 11,0 10,9 11,2 11,9 11,6 8,0 7,1 7,9 7,7 7,3 7,0 7,7 8,3 7,8 7,5 7,6 8,9 8,7 8,8 7,2 7,3 6,6 6,7 6,8 7,2 7,8 7,9 7,6 8,0 9,3 9,4 15,7 46,8 45,0 14,9 44,0 14,2 43,2 14,2 43,0 14,8 14,7 40,7 40,2 15,l 40,3 15,1 14,4 39,8 38,1 14,5 14,4 38,5 38,1 14,4 14,4 38,5 41,3 13,8 38,8 13,8 38,8 13,8 38,9 ·13,8 39,5 13,8 39,4 13,8 39,5 13,9 13,9 38,8 38,7 13,9 38,9 13,9 13,9 38,9 13,9 38,8 13,9 45,1 13,8 42,9 13,8 43,8 42,8 i.13,8 13,8 42,l 41,2 13,8 40,5 13,8 38,8 13,2 13,2 38,1 13,4 39,1 13,4 39,5 40,1 13,4 13,4 39,5 38,7 13,4 40,6 15,7 15,2 40,5 14,1 36,3 12,7 38,3 37,l 12,7 12,5 36,5 37,1 12,9 12,4 36,9 12,7 36,5 35,9 12,7 38,7 12,9 13,0 37,1 13,0 40,2 32,5 28,9 28,9 28,5 28,9 28,4 28,6 29,1 30,3 28,7 28,9 28,7 29,9 28,9 28,~ 28,7 28,0 27,7 28,0 28,6 28,3 28,4 28,4 28,2 28,7 35,3 30,0 29,7 29,2 28,7 28,5 27,4 26,5 25,9 27,4 27,5 28,0 29,1 29,5 29,9 29,4 26,3 28,6 28,3 20,9 27,9 27,9 27,8 26,8 30,1 31,3 34,5 24,'i 26,3 27,4 28,3 28,2 'l8,8 29,8 30,3 29,7 30,3 30,6 30,6 28,9 27,6 25,3 25,8 26,0 25,4 25,6 26,3 26,1 25,i 25,2 25,8 25,9 25,2 25,2 25,5 25,7 25,4 24,3 24,4 24,9 25,4 24,5 24,5 24,8 24,3 23,0 21,6 20,9 21,1 21,4 20,7 20,9 21,5 22,3 21,8 21,8 21,5 20,0 19,9 a4 b3½ c:i .. .... .... . ... .... .... .... .... 318 3 238 218 1¾ 1 78 11518 21 16 lllg 1918 1718 119 114 1116 . ... 1518 . ... 16111 ..... 138 ..... 11111 e2 lo18 cii~ ...... ..... .... .... ---· .... ---.... .... ---· ------· .... 79 1618 llf>l6 1 1 79 ! : 18 1318 1316 1318 219 ···- 218 / 21.g 2L16 .... 2 ---- 2116 21g 2ll16 21516 2 13111 ---- 2151 21516 u:i·· ---.... ---- 2¾ .... 3 ---.... 21616 ---- l 2 78 .... 3 ---· 3 b Jan. 21, 1897, c Feb . 4.. d April 8. e May 13 . J Sept. 23. g Oct. 14. The situation of the Bank of France as to its stock of gold and silver, according to the last returns of each month of https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 189!5, 1896 and 1897, was as follows, stated in pounds ster_ ling. GOLD AND SILVER IN BANK OF FRANCE.-[00,000s omitted.J 1897. ·- J an. 28 F eb. 25 M ar. 25 A prll29 May 27 J une24 J uly 29 A ug. 26 se':)(. 30 0 ct. 28 N ov.25 D ec. 30 Gold. Sllv'r Total 189., . 1891. Gold. Silv'r Total Gold. SUv'r Total -·- - - - - - -- -- ---- - -£ £ £ £ £ £ £ £ £ 76,4 7tS6 76,8 76,9 79,0 80, ' 60,~ 81,5 79,7 78,4 7El,6 711.1 49,1 125,5 I.ran. 80 77,4 49 .4 12'3,(l Feb. 27 78,2 49,1 125,9 Mar. 26 78,3 48,9 12 i .8 April30 78,1 49,1 128,1 May 28 79,9 49,3 129,5 I.rune 25 81,8 ~9,1 129.9 .July 30 82,i 49,0 130.5 Aug. 27 8a,1 48,5 128,2 1Sept.2i 79,8 ~.3 126,7 Oct. 29 77,5 48,4 127,0 Nov. 26 77,3 48,2 126,S Dec. 31 76.6 49,5 126.9 Jan. 31 84.8 49,8 128,0 Feb. 28 85,9 49,9 12'3,~ Mar. 28 8<l,S 49,7 127,8 Apr1125 82,6 50,2 130,1 May 30 82,1 50,8 182,1 June 27 81,0 50,2 132,9: July 25 82,0 50,2 182,9 Aug. 29 82,2 49.8 80.9 49,2 12il,7 Oct. 31 78,5 49,S H6,6 Nov. 28 78,3 49.1 125. 7 Dec. ~11 78.5 "··r·••-26 49,4 49,5 49,7 49.3 50,0 50,3 50,4 50,4 50,0 49,2 49,4 49,6 134,2 135.4 13i,0 131,9 132,1 132,2 132,4 132,6 130,9 127,7 127,7 1i8,1 In the table below we show the price of silver in London by months for 1895, 1896 and 1897. For complete record of silver prices back to 1833 see page 33. PRICE OF SILVER FOR THREE YEA.RS. SIL VER. --Ja. n ...... Fe b .. .. ..• March .... Ap rll .... . Ma y ...... Jun e ..... Jul y ...... Au g ...... Sept . ....• Oct ....... No V •••••• De C, •••••• 1896. 1897. 1895. High. Low. Aver. High. Low. Aver. High. Low. Aver. - - -d.- -d.- -d.- -d.- -d.- -d.- d. d. d. 29L:>16 291111' 29¾ 'l9¾ 291116 291118 2911s 28 616 281616 281.g 2831& 2838 283 ,6 271.g 27¾ 27¾ 271.g 27 916 271116 2638 2738 261.g 2334 241516 2714 231'& 2511s 2712 25916 26¾ 271g 2638 261316 27¾ 251516 261316 30 7a 31 9 16 31916 3131t1 3114 3 t916 311.g 3138 3011e 3051e 30316 1 30 30½ 305s 30¾ 31 3118 31516 30 111 16 31 301616 31116 313111 3138 3138 317 , 6 3038 30lr>lt 30 3038 29¾ 30 29¾ 291511' 29US16 291518 27718 27316 271116 2714 29¾ 2715g 30 79 29 7 8 30 7a 3014 301116 3018 3015g 30316 30916 3014 309u, 30716 3138 3015g 3015g 31 30l116 30 273a 27½ 28516 30716 3015g 30716 30 716 3038 301.g 301616 30 1316 30716 - - ·--- 7- · - - -27l 319 - -129¾ - - 30¾ · - 3138 11 1 273111 29 a Year ..••. 2913 16 23:\i 16 6 The complete trade figures of imports and exports into and from Great Britain for three years are as follows: EXPORTS AND DIPORTS. EXPORTS. Home products .......... Re-shipment of imports. Totalex:ports.......... IMPORTS. Total merchandise...... Exceasotlmp .overexo. 1897. 1896. .£ .£ 234,350,000 59,834,000 240,145,000 56,234,000 451,239,000 441,809,000 1895. £ 225,890,000 59,94'l,OOO ------1 -------1 -----296,379,000 285,832,000 294,184,000 -157,055,000 - - - - - '-145,430,000 4.16,689,000 130,857,000 The quantities and values of textile exports from Great Britain for the last three years are given in the following table. EXPORTS OF TEXTILE FA.BRICS. YEA.R'S EXPORTS. 1897. 1896. 1895. QUA.NTITIES . cotton yarn .......•• lbs. 252,720,100 246,432,500 251,989,000 Piece goods ..... yds. 4,792,994,000 5,218,248,600 IS,032,562,200 Jute yarn ..•........ lbs. 52,221,700 37,224,300 34,725,800 Piece goods ..... yds. 233,817,600 257,146,200 254,679,600 Lin.en ya.rn ...•.•..•. lbs. 18,364,200 18,462,300 17,045,600 Piece p;oods ..... yds. 164,574,600 174,208,000 203,587,600 Woolen yarn ........ lbs. 57,135,100 62,238,700 , 61,070,900 Woolen tissues . . ... yds. 52,266,!.00 60,247,000 1 57,657,100 Worsted tissues .... yds. 129,594,900 136,775,500! 164,038,600 V ALUJ,lS. £ .., £ Cotton ya,rn . .•...••..... · 9,932,447 10,04-1,676 9,291,195 Piece goods.·-···· · · 45,828,534 51,195,676 46,759,358 Jute yarn............... 529,951 378,356 355,854 Piece goods......... 2,103,032 2,269,692 2,168,912 Linen yarn . ............. 976,658 1,040,939 965,926 Piece goods......... 3,526,835 3,764,889 4,080,261 Woolen yarn............ 4,842,137 5,654,839 5,372,813 Woolen fabrics.......... 5,388,689 6,275,637 6,204,671 Worstedfabrics...... ... 7.498.454 8,357-, 518 10,219,277 Th e e x ports of iron and ste el from Great Britain have been a s b e low each year since 1874. EXPORTS OF moN .A.ND STEEL F ROi\f GREAT BRITAIN. llglff .... llle 1 78 ···- 11516 .... .... BRITAIN. P i g Iron. Ralls. -- - - - -- - - -Tons - - -Tons. ·-. Other Descriptions . Total. Tons. Tons. 1 .706,871 3,691,065 1897 .•.......•.. . . 1,200,746 783,448 1,782,571 1896........ . . .. .. 1,060,165 3,550,398 747,662 1,511,421 1895 ...... . .. . .... 457,552 2,835,541 866,568 425,242 1,393,771 1894 ........ ... ... 2,649,998 830,985 1893 .............. 558,375 1,457,905 840,294 2,856,574 1,504,223 1892 .. . ... . .. .. ... 2,739,279 468,003 767,053 702,247 1,697,844 1891. . ....... . ... . 3,240,146 840,055 1,035,431 4,001,430 1,820,731 1890. .. ...... .. ... 1,145,268 1,905,919 1889 . .. ..... ... ... 1,190,371 1,089,892 4,186,182 1,910,242 1,020,002 1888 . .... . . ....... 1,036,319 3,966,563 1,973,075 B87.. ...... .. .... 1,158,174 1,011,779 4,143,028 739,651 1,605,289 1886. . . ... ... . . ... 1,044,257 3,389,197 714,276 1,455,475 3,130,682 960,931 1885 .... . . . ....... 728,540 1,497,439 1884.............. 1 ,269,576 3,496,991 971,165 1,508,095 1883 . ....... . . . ... 1,564,048 4,043,308 1,658,531 4,353,552 936,949 1882 .. .. ...•... . .. 1,758,072 820,671 1,517,458 1881 •. .. . . . . . .. . . . 1,480,196 3,820,315 1,466,055 1880. . ... .. .. . .... 1,632,343 3,792,993 693,696 1,196,170 1879.....•........ 1,223,436 463,878 2,883,484 441,384 924,646 933,193 1878 . .. ... .. ...... 2,296,860 497,924 881,442 965,285 1877. .. ........... 2,346,370 2,224,470 414,556 910,905 899,809 1876......... . .... 545 981 947 1_8_7_5_ 306 963 __ _ _ _ _ --'-827 - -- -'---'-- -498 - -- - '2-457 ·--··········· --~ - TRADE AND CoMMERCE-RETURNS OF. FOREIGN IMPORTS OUR NOTEWORTHY FOREIGN TRADE FIGURES. In reviewing the late year's foreign trade, the figures for December senve well to illustrate the remarkable ,c haracter of our foreign commerce during that period. The total of the merchandise exports for that month is found to have been, roughly, 124½ million dollars {$124,474,435), a figure considerably in excess of that ;reached in any previous month in the country's history, surpassing by 7¼ million dollars even the total for the corresponding month in 1896, which then was deemed extraordinary. Not less striking is the magnitude of the credit balance on the merchandise movement for this same month. With exports of 124,474,435, imports were only $51,514,733. leaving an excess on the side of the exports in the sum of 73,959,702. We shall refer presently to the conditions and circumstances that have made possible these large exports and this exceptional trade balance, but wish first to direct attention to a feature connected with the trade returns which is even more noteworthy than t he facts cited concerning the magnitude of the outward movement of goods and merchandise. We have i n mind the course of the gold current. . It would be natural to look for a large influx of the metal as a reult of the phenomenal trade balance noted. As a matter of fact, the United States received very little gold from abroad, either gross or net, during the month. With a merchandise export balance of 73,959, 702, augmented by $3,088,064 net silver exports, making'over 71 million dollars together, the net amount of gold imported, including gold in ore, was only" a trifle over two million dollars. But the phenomenon here observed where the heavi est merchandise exports on record, accompanied by v ery small imports, have failed to bring an influx of g old of any consequence, has not been characteristic of December alone. It has been noticeable all through the year 1897. Indeed, its manifestations were noted .and commented on even in 1896. The 1897 outcome, however, is more impressive because marking a further c ontinuation and development of the same situation and on a still greater scale. The 1896 results (speaki ng now of the year as a whole) had been in every way ,exceptional and extraordinary. But 1897 surpasses 1896 in showing still larger merchandise exports, and .also a much larger trade balance, while at the same -time actually yielding an adverse gold movement. In the twelve months of 1896, it will perhaps be 1·emembered, the merchandise exports for the first time i n any calendar year reached the 1,000-million mark, t hpugh there was a fi~cal year which had once been distinguished in that way. For the twelve months of https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis AND EXPORTS. 1897 the exports are 93¼ million dollars in excess of th·e exceptional total for 1896, the figures being $1,099,129,519, against $1,005,837,241. We shall show below how this increase was brought about. At the moment it is the size of the merchandise balanc·e, arising out of these extraordinary merchandise shipments, that arrests our attention, For the twelve months of 1896 this balance in our favor amounted to $324,257,685 and at that :figure it was in excess of the largest export balance ever theretofore accumulated. But the 1897 balance runs 32¼ million dollars ahead even of this previously unexcelled record, it aggregating $356,498,664. Taking the last six months by themselves, the showing is even more striking. In 1896 it was noted that 250¼ million dollars of the year's balance had accrued in the period from July to December. In 1897, it appears, no less than 319½ million dollars of the balance resulted in these six months. We append the following table to show the merchandise excess for each year back to 1874. EXCESS OF MERCHANDISE IMPORTS OR EXPORTS. 12 months ending Dec. 316 months ending Dec. 311874 .......... Exports. $7,756,646 1874 .......... Exports. $2,232,487 1875 .......... Exports. 7,784,486 1875 .......... Exports. 29,579,698 1876 ..........Exports.163,319,464 1876 .......... Exports.113,255,681 1877 . .... ... .. Exports.139,856, 112 1877 .......... Exports.101,959,699 1878 . ......... E x:ports. 305,479,590 1878 .......... Exports.149,625,055 1879 .......... Exports.251,557,029 1879 .... ...... Exports..136,520,418 1880 .......... Exports.192,876,246 , 1880 .......... Exports.161, 712,752 1881. . . ..... .. Exports.163,339.679 1881. .... .. . .. Exports. 65,339,713 1882 . ........ .Exports. 15,138,439 1882 ..... ... .. Exports. 54,575,469 1883 .......... Exports.108,143,10011883 .......... Exports. 62,059,081 1884 ...... .... Exports 120,104,568 1884 .......... Exports.109 ,348, 733 1885 .. ...... Exports.100,381,125 1885 .. ........ Exportil. 45,067,432 1886 .......... Exports. 49,974,83211886 .......... Exports. 50,953,570 1887 ...... .... Exports. 6,482,566 1887 . ......... Exports. 33,572,693 1888 .. . .... . .. Imports. 38,650,321 1888 . ......... E.xports. 27,924,979 1889 ........ .. Exports. 56,584,382 1889 .......... Exports. 87,239,638 1890 .......... Exports. 34,104,822 1890 ........ Exports. 52,826,195 1891. ....... .. Exports.142,188,703 1891. ......... Exports.155,450,274 1892 .......... Exports. 97,489,705 1892 . ..... _... Exports. 50,06i,298 1893 ..... . .. .. Exports.109,592,002 1893 .......... Exports.165,057,663 1894 . ......... Exports.148,789,307 1894 .......... Exports. 80,303,235 1895 .. ...... .. Exports. 23,190,789 1895 .. ..... ... Exports. 27,925,824 1896 . ......... Exports.324,257,68511896 .......... Exports.250,365, 753 1897 .......... Exports.356,498,664 1897 .... ... .. Exports.319,542,815 In view of these :figures the circumstance that we have been able to command apparently no foreign gold merits all the more notice. With m~rchandise exports exceeding by 319½ million dollars the merchandise imports for the last eix months and with at the same time an excess of 12½ million dollars on the silver movement-332- million dollars togetherwe have received only about 18½ million dollars net of gold, and the influx has been spasmodic and irregular rather than steady and continuous. Taking the movement for the full twelve months the result is yet more striking. To the 356½ millions excess of merchan:lise exports for these twelve months must be added 25½ millions of excess on the silver movement, making 382 million dollars together. How much gold did we get on this phenomenal preponderance of exports? In the final result not a dollar. We actually exported $256,529 more gold than we imported. To show what has been the credit balance in our favor TRADE 40 AND the last few years on the merchandise, gold and silver movements combined, we present the following table. YEARLY TRADE BALANCE. 1896. 1897. $ $ Euus ofMercban. exports .. 366,498,66' 324,.257,685 Silver exports ..... 25,685,810 33,777,001 1893. 1 9t. 1895. $ $ $ 23,190,789 148,7.89,307 109,592,002 29,837,739 29,612,213 18,592,052 Total.. .......... 382,083,974 858,034,686 256,529 • 46,474,369 Gold exoorts........ 53,028,528 178,401,520 128,184.,064 6,703,151 70,571,010 80.499,129 ---Grand total.. .. . 382,340,503 311,1)60,317 123,f>00,638 258,900,6'8 13!,887,205 • Excess ot imports. It will be observed from the foregoing that in 1897 the exports of merchandise and specie exceeded the imports in the sum of 382¼ million dollars, and that for 1896 the similar excess was 311½ million dollars. In other words, for the last two years the balance in favor of the exports has been not far from 700 mill.ion dollars I It is hardly necessary to dilate upon the magnitude of this amount, as the figures speak eloquently enough for themselves. What has become of the 700 ·m illions? Of course we owe the outside world each year a considerable amount for interest on American securities held abroad, and for freights, etc. Allowing 150 million dollar a year for such items, this would make only 300 million dollars for the two years, and still leave nearly 400 million dollars to be accounted for in some other way. It will be said that Europe has returned large amounts of our securities, and the statement is correct. We are not prepared to believe however that 400 millions of securities have come back in the two years. The advance in prices on the tock Exchange has no doubt been very tempting to foreign holders, especially as they have been inclined to withdraw from their investments here rather than make new investments. But the re have also been occasions during the last six months when considerable purchases on European account have been reported, and on the whole it must be said that the return flow of securities of late has been '3mall and intermittent rather than large and persistent. .A few words as to the causes that operated further to enlarge our merchandise exports in 1897 after the decided expansion in 1896. Abundant harvests here, combined with a deficiency abroad, were the principal factor in the increase. This gave us high prices for our wheat and a big demand for itr and also made an active demand for all our food products. The value of the breadstu:ffs exports in 1897 was $252,633,562, against only 182,81-l,370 in 1896 and but $125,266,871 in 1895. We sent out 170½ million bushels of flour and wheat ( of which 120 million bushels went the last six months), against only 155 million bushels in 1896. The whea.t brought an average of 90½ cents per bushel, against 71 cents in 1896 and 61 cents in 1895. But we also exported enormous amounts of the other cereals· of corn, for instance, 188½ million bushels, against only 132 million bushels in 1896 and 62 million bushels in 1895. Outside of breadstuffs-in fact outside of wheathigh prices were not a feature of the export trade. Cotton ruled at a very low figure; · this will account for the fact that cotton export values in 1897 were only 213,706,100, against 233,412,777 in 1896; in quantity the shipments were much heavier, being 6,458,622 bales, against 6,030,704 bales. The loss of 3½ million dollars in the petroleum exports also follows from the lower prices received, as there was a gain in the quantity shipped. We furnish below a statement of the export value of the leading staples for the last ix years. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis COMMERCE. EXPORTS OF LEADING PRODUCTS FOR SIX CALENDAR YEARS • . Exports. 1897. I 1896. ~9~ ~94. ~89~ 1892. $ $ $ $ $ $ Cotton ...... 213,706,100 2:33,412,777 189,890,645 200,U3,772 204,106,023 21V,063,55S Breadstufl's. 262,633,562 1&2,f:114,870 125,266,871125,601,486 187,896,036 248,211,i21 Prov'ns, &c. 146,105,324 134,599,500 132,456,843141,742,435 135,205,802148,488,412" Cattle.sheep and bogs.. 39,413,8i8 38,893,170 30,425,809 40,706,388 23,176,180 36,078,899 Petr'Im, &c. 60,072,878 63,657,986 57,129,790 41,249,848 41,836,255 42,729,157 Total.. .... 711,931,712 653,877,803 585,169,458 649,716,929 591,719,296 692,571,277 All oth. exp. 387,~,807 852,459.438 289,690,678 ~5 3e5,319 284,.112,552 245,849,383 Total . ..... 1099129619 1005837241 1824.860.136 825.102,248 875.831.848 938,420,660> It will be noticed that it is not merely the exports of food staples that have expanded. .An equally noteworthy feature is the steady and large increase in the "other exports," which amounted to :387 million dollars for L897 against 352 million dollars for 1896 and 289 million dollars for 1895. As to the increase here, it is only necessary to say that it bas been general in character, extending practically to the whole list of articles and commodities embraced under that head. 1'he merchandise imports, it will perhaps be a surprise to hear, were 61 million dollars in excess of those for the year preceding. The importations were very heavy in the early part of the year in anticipation of the higher duties to be imposed by the new tariff law and in April all records were broken with a monthly total of $101,322,406. The following August the ovember and amount was only 39,847,606. In December the totals had got back to 51@52 millions. The following shows the merchandise imports and ex ports back to 1870. MERCHANDISE EXPORTS AND IMPORTS (CALENDAR YEA.RS). Oalendar Exports. Year. 1870 ····· · ·· 1871 .......... 1872 ...•...... 1873 .......... 1874 .......... 1875 .......... 1876 .......... 1877 .... .. . .. 1878 .......... 1879 ... . ...... 1880 .... ..... 1881. . . ....... 1882 .. . .. .... 1888 .......... 188-1 .... •• .-.•• 1885 .......... 1886 .. . ....... 1897 . ......... 1888 . ....... 1889 .......... 1890 .. . .. . .... 1891. ......... 1892 . .. ...... 1898 .. . ....... 1894 1895. ···· · · ·· · 1696 .......... lfl9; .. •••...• ········ 408,l™J,010 460,852,088 468,887,948 567,757,867 569,872,558 510,947,42-J 51!0,666,629 620,802,419 787,091,978 765,159,825 889,68S,42a ssa,5411,121 767,931,946 795,209,816 749,866,428 688,249,798 713,404,021 715,301,0U 691,761,059 827,106,347 857,6.)2,548 970,509,646 938,420,660 875,831,848 825,102,248 824,860.186 i.,005,837,241 1,099,129.5111 Imports. Excus. Total Foreign Imp. 57,546,048 lmp. 112,759,011 Imp.187,126,751 Imp. 27,490,181 J!Jxp. 7,756,646 Exp. 7,784,4E.'6 Exp.163,319,464 Exp.139,856,112 Exp.305,479,590 Exp. 251,557,021J Exp.192,876,246 Exp. 163,389,679 Exp. 15,189,439 Exp.108, 148,100 Exp.120, l04,5tl8 E.vp.100,881,125 .Exp. 49,974,832 J!Jxp. 6,482,566 Imp. S3,650,S21 Exp. 56,384,882 Exp. 34,lOi,822 Exp. 142,188,703 Exp. 97,489.705 Exp. lOSl,5112,002 Exp.148,789,307 Exp. 23,190,789 Exp. 324,257,685 Exp. 366,493,664 461,1S2,058 578,111,099 655,964,6911 595,248,048 562,115,907 503,162,936 427,847,165 480,446,300 lSl,612,383 513,602,796 696,807,176 670,209,4!8 752,843,507 687,066,216 629,261,>:160 687,868.673 668,429,189 708,818,478 725,411,371 770,521,965 823,397,700 828,820,943 840,980,955 766,289,846 676,812,941 801,669,347 681,679,556 742 6~0,866 Trade. 86J,718,068 1,038,46:S,187 1,124,80~.647 1,168,005,91$ 1,181,988,460 1,014,110,358 1,018,013,794. 1,100,748.712 1,ltSS, 704,356 1,27 .762,621 1,586,490,598 1,508,758,575 1,520,825,453 l,4d2,276,532 1,378,628,288 1,276,118,471 1,876,833,210 1,424,119,522 1,417,172,421 1,697.628,312 J ,f\80,900,274 1,798,830,589 1,779.351,611,642,071,694 1,601,415,18 l,626,529,48n 1,687,416,797 l,8U,760,37 4 We add the gold and silver imports and exports for the same years : GOLD AND SILVER IMPORTS AND EXPORTS. ,------tGold.,-----, ,-----Silver.,---- Year ~~if/_ Ex,orts. Excess of Exports(+) or Imvrts. Imports(-). Ex\ort8. Excess of Exports(+)or lm1r-ts. Impor,s(-). 1870 ...••• 53,103.745 1':l71 ..... 44,915,976 1872 ...... 68.638,125 1~73 .....• 25,496,118 1874 ....•• 43,149,091 1876 ..... 63,413,P4i 1876 .•...• :n.231,739 1877 ...... 18,982,638 1878...... 8,655,948 1879 . ...•• 4,116,4!6 10,480.661 n2.673.18i 27.8!6.083 15.259.199 !12.586.894 21,662,028 9,074,027 32,524,495 10,962,467 6,841,948 21,980,085 7,524,835 a2,048,799 10,068,714 11,113,290 29,864,022 20,637,254 t-+40'.975826·,8286! 38,076,207 9,212.185 21,746,986 29,577,984- 7,880,998 v 7,422,806 -3b 17,34-.2,210 39,076,158 26,889,567 8,547,357 14,3::18,789 H,324,693 23.678,291 +1,55il.H8 2s,122.736 10,198,043 17,196,369 11,629,656 +7,362,983 29,336,929 12,141,660 -180,632 10,477,859 -1,821,911 lo,209,252 18,38~884 78,767,\lU -74,652,495 21,701,552 14,420,017 !,276,535 1882 . ..... 38,721,079 1883 .. . •.• 6,048,770 1884 ...... 40,948,246 1885.. . . ll,U7,t07 1886 ....•• 41,283,222 1887...... 9,li-1,426 18~8 .....• 34,526,447 1889 ...... 60,933,460 1890 ...••. 24,063,oa 1891. ...• . 79,086,681 1892 ..... 76,532,056 1893 •.•••• 79,1!83,726 1894 •• . .•• 101,8411,735 13,402,628 22,065,961 27,957,667 23,6-!5,311 41,309,181 4!,8811,299 10,960,773 12,001,632 20.280,000 44,970,110 17,450,946 73.280.575 21,350,607 t~~:::::: ~:gi~:~i ~3:~rs:~~~ ~~:~g~:~~~ -~:i~:m +25,318,551 -16,007,191 +12,990,689 -12,228,104 -25,959 -35, 744,.8';3 +23,560,674 +38,928,828 +s,832,984 +34,116,471 +69.081,110 +6,703,151 +S0,499,128 17,317,066 25,79!,670 29,563,748 83,280,M2 27,056,976 27,644,988 29,880,405 40,694,230 26,539,789 21,692,879 85,975,834 46,357.748 47,245,807 1tf8}:i:~ 9,098,385 14,163,357 15,604,777 17,772,71>! 17,22!!,465 16, 772,6H 15,907,969 19,219,262 22,4:.!6,119 1s,102,150 21,126,252 27,7!15,696 17,683,594 ~~g~:i~ ,218.670 $11,Ml,313 14,058,971 15,607,824 +9,832,511 110,872,374 L'J,972,436 :.!l,474-,968 +4.113,670 +9.soo.129 +u.249,582 +18,592,052 +29.fl12,213 i!:~~k~4i ~i:~¼g:f:~ t~f:~~~:zgr rneg::::::1g~~:~:~g~ 1t:m::g~ :::!g:m:i~g -t-256,5211 68,661,292 38,075,Pe2 +25,Ql:!6,310 19117 .•••.• 34,276,401 :M,019,872 NOTE.-Foryears 1893, 1894.1895, 1896 and 1897theflgures embrace gold and silver in ore; in the years preceding both were included in the n:eroha.ndise movement. 41 COMMERCE. A D TRADE EXPORTS OF LEADING ARTICLES FOR YEARS ENDING JUNE LYPORTS A D EXPORTS BY FISOA L rEAR8. The table below shows the exports and imports m each fiscal year ( ending June 30) since 1867. - - --~RTICLES. - · .I 1896-97. 1895-96. 30. ~~ Agricul. implements, va.lue.. __ .$ 5,240,686 5,176,775 5,413,075 Bacon and hams .. ·-·-········lbs. 665,746,750 554,388,538 558,044,099 value .......... $ 50,157,168 46,112,610 48,736,860 do Beef, canned, value ............. $ 4,656,308 5,636,953 5,720,933 and salted .. ··-···lbR. 1358,109,410 295,492,434 253,811,812 fresh do 'C .,j value ..... $ 26,167,928 22,949,220 20,391,090 do do 767,228 Barley, value..... _.............. $ 7,646,384 3,100,311 q) 0 784,640 872,396 of, value.$ 1,171,431 manufact. and Brass. ~ ·of;r;l Butter......................... lbs. 31,34!'>,224 19,373,913 5,598,812 915,533 do value...................... $ 4,493,364 2,937,203 ~g Books, maps, etch'gs &c.value. $ 2,647,548 2,338,722 2,316,217 ~~ Cattle and sheep, value ......... $ 37,889,096 37,637,4156 33,234,482 Animals, other, and fowls .... $ 5,679,365 4,203,913 2,519,567 -=ooi:q Carriages and horse cars and parts of, value ................ $ 1,955,760 1,884,658 1,514,336 'Cai 868,378 1,002,940 990,950 Cars for steam road", value .... $ a.5 for sausages, value .... $ 1,514,651 1,771,680 1,581,891 Ca.Rings a'SO ~ 60,448,421 36,777,291 50,944,607 Cheese ·--··········-·-········lbs. d~ 0 do value ............. . ....... $ 4,636,063 3,091,tH4 5,497,539 z<l of;r;l Chemicals, dru~s and dyes~ noti 0~ ~ medicines .... vame.$ 6,493,684 6,583,848 6,210,998 including ~:§j ~ Clocks and watches, and parts 1 i:q e-a of, value ....................... $ 1,770,329 1,460,375 1,204,005 c,i:q Coa.l, anthracite ............. tons 1,274,417 1,394,381 1,397,204 value........... $ 5,67 ,198 5,717,246 5,918,229 do do Coal, bituminous . ........... tons 2,384,069 1 2,246,284 2,374,988 ~ value .... ·-···•$ j 5,330,445 4,928,816 5,180,398 do do 10,281 15,935 15,001 Copper ore ......•............ tons ~~ do value .............. It\ 2,059,779 2,033,858 1,104,515 do a'S<t1 Copper, manufac. of, value..... $ 31,621,125 19,720,104 14,468,703 '§ ~ . Corn ......................... bush. 176,916,365 99,992,835 27,691,137 ~f;r;l do value ....................... $ 54,087,152 37,836,862 14,650,767 ~ 152,613 191,595 215,854 Cotton, Sea Island ....... 100 lbs. do other............. 100 lbt!. 30,821,696 23,160,669 35,021,718 Cotton, Bea Islan<1, value....... $ 4,078,044 3,816,216 2,782,639 do other, value ... _........ $ 226,812,927186,240,244 202,118,351 Cotton manufacturesColored ..................... yds. I1 83,409,441 58,747,729 58,467,743 do value ............ ·-··· $ 4,770,231 3,419,158 3,444,539 Uncolored .................. yds. 1,230,123,603 166,391,639 125,790,318 value............ -... , 12,511,389 9,539,199 7,034,678 de, 3,310,593 3,879,039 3,756,058 All other....................... =s::i A 1,898,012 7,005,323 Cycles and parts of, value...... ai ·s:8 Fertilizers, value ............... $ 5,005,929 4,400,593 5,741,262 ~ canfickled, dried, Fish, fresh, ~ ;si:q ned, etc., incl. shel -fish.value.$ 1 5,361,435 5,226,247 4,294,789 Flax, hemp and jute, manufac~ {s"g tures of, value................. $ 2,216,184 1,868,601 1,722,559 ce Flour (wheat) ................ bbls. 14,569,545 14,620,864 15,268,892 value ...................... $ 55,914,347 52,025,217 51,651,928 do i:lce • Fruits (includ'g canned, dried & .d q) preserved) and nuts, value ... $ 7,739,30!'> 5,679,066 4,971,791 Furs and fur skins, value ....... $ 3,284,349 3,800,168 3,923,130 q) Glass and glassware, value .... $ 1,208,187 1,062,225 946,381 ~ Glucose or grape sugar- .. value.$ 2,736,674 2,772,335 2,567,784 Grease, grease scraps and soaP. stock, value .................... $ 2,070,111 1,516,763 904,071 Gunpowder and other explosives, value .................... $ 1,555,318 1,381,102 1,277,281 'a ~i:q Hides and skins other tha.n furs, l>'C value .......................... $ 2,388,530 3,858,946 2,310,323 :::le Hops .................... _...... lbs. 11,426,241 lt>,765,254 17,523,388 oo ce do value ....................... $ 1,304,183 1,478,919 1,872,597 a.5 • cs::i Horses,* value ................... $ 4,769,265 3,530,703 2,209,298 ~ India. rubber and gutta percha 0 manufactures, value .......... $ 1,807,145 1,858,556 1,505,142 ~ Instruments for scienti.fl.c pur;si:q ~ o'd o poses, value ... . .... -.......... $ 3,054,453 2,522,217 1,912,771 ~ Ao=a! Iron and steel, and manufactures oft, total value._ .............. $ 57,497,305 41,160,877 32,000,989 La.rd •....•.•................. . lbs. 568,315,640 509,534,256 474,895,274 i:lce • do value .. _.. ................... , 29,126,485 33,589,851 36,821,508 .= q) i't:~~t:ra!~~~!c!~gfi::!~ao- 19,161,446 20,242,756 15,614,407 q)'C 968,538 976,463 tures of, value ................ $ 1,383,480 ~ Medicines, pat. or prop .. value.$ 2,287,744 2,479,510 1,978,144 Musical instruments and parts of, value .............. . ........ $ 1,276,717 1,271,161 1,115,727 569,977 Oats ......................... bush. 35,096,736 13,012,590 200,793 do va.lue ........... ·-···-······$ 8,756,207 3,497,611 566,321 939,502 Oatmeal .................. value.$ 1,071,340 Oil cake and meal. ........... lbs. 1056493086 798,366,723 733,652,495 value . ........ $ 9,611,044 7,949,647 7,165,587 do Oil, cotton•seed .... . ........ galls. 27,198,882 19,445,848 21187 728 6:813:313 5,476,510 value.: ......... $ 6,897,36t . do Oil, illuminating............ galls. 772,020,626 716,455,565 714,859,144 34,706,844 48,630,920 48,543,916 $ ......... value d_o . Oil, lubricating,and heavy paraf· :fine ....................... galls. 50,199,345 50,525,530 43,418,942 do value .................. $ 6,619,864 6,556,775 5 867,477 ' Oil, mineral, crude, including all natural oils ............... galls. 131,726,243 110,923,620 111,285,264 do value ............ $ 6,171,852 6,121,836 5,161,710 do 910 988 Oil, naphtha, va.lue....... --·····$ 1,123,347 1,059,542 ' Oleomargarine (including the oil) .......................... lbs. 118,370,503 109,340,455 88,199,775 do value .......... ·-······$ 7,214,907 8,675,174 8,099,482 Paper and ruan'f'rs of,value .... $ 3,333,157 2,713,875 2,185,257 Parafflne and paraffl.ne wax.lbs. 126,365,128 105,882,575 95,076,165 value ... . $ 4,957,096 4,406,841 3,569,614 do do Pork .... . . . ................... lbs. 68,075,344 70,243,029 59,085,474 do value .... . . · ········-······$ 3,392,030 4,017,200 4,199,060 1,897,532 2,208,119 2,465,676 Rosin, pitch, tar, &c .... . ... bbls. do value ...... $ 4, 67,407 4,229,753 3,421,496 do 9,437 988,466 Rye ...........•............. bush. 8,560,271 5,340 445,075 3,667,505 do value ....................... $ 22,900,672 5,539,787 Seed, clover .................. lbs. 13,042,994 2,124,997 437,493 value ............... $ 1,003,157 do 1,224 80,453 Seed, flaxseed . ............. bush. 4,713,747 1,433 73,207 do value .•• . ..•..•. $ 3,850,835 do Soap, value ....... -.............. $ 1,136,880 1,278,645 1,092,126 Spirits, distilled, value.......... $ 1,941,703 1,730,804 2,991,686 Spirit of turpentine ....... galls. 17,302,823 17,431,566 14,652,738 value .... $ 4,447,551 4,613,811 3,998,277 do 366,800 885,198 Starch, value .................... $ 1,665,926 Sugar and molasses, value...... $ 1,165,331 1,199,012 1,279,376 Tallow ........................ lbs. 75,108,834 52,759,212 25 864 300 do value·-····················$ 2,782,595 2,323,764 1'293'059 Tobacco (leaf) ......... _...... lbs. 295,819,007 287,700,301 293:795:855 23,863,415 24,405,245 25,622,776 value ............ do 3 953 165 4,380,361 5,025,817 Tobacco, manuf., value. ........ 1,655,050 1:543;458 2,337,924 Vegetables, incl. canned. value. NOTE.-Tota.ls of gold coin a.nd bullion and silver coin and bullion in Wheat 76,102,704 60,650,080 79,562,020 bush. ....................... 1895, 1896 and J 8U7 include gold and silver in ores. In preceding do value ..................... $ 59,920,178 39,709,868 43,805,663 years ~old and silver in ores were included in merchandise. Wood and ma.nuf. of, value..... $ 39,624,800 31,947,108 27,115,907 The following table shows exports of domestic mer- Wool and manuf. of, value...... $ 1,567,740 1,769,559 1,154,689 t Including machinery, but not inoludtng iron ore. * Also included chandise amounting to $1,000,000 or upwards. under animals, other. A. Not enumerated previous to July 1, 1895. ="' = = = =:s I o-a f;a .sg 8~ j8~ a e~ t t t f I I I I https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis It I I t I It I I t It I If I I I I t f of I I I I , f I I I I I IO f If I I f I I I I I ·1 42 TRADE A D 00MMERUE. T h e following table shows the imports of leading ARTICLES. 1896•97. 1894--95. 1895·9 6. 1------1---- articles (both quantities and value ) in the last three -------------,----Tea . . .. ........................ lbs. 113,343,175 93,998,372 97,253,458 do value ... .. . . ........... ... ... $ 14,835,862 12,704,440 1 3,171,379 fiscal years. It embraces all articles exceeding $1,000- Tin, blocks or pigs .. ...... . . . lbs. 50,460 ,123 49,952,9 57 47,631,7 83 6,535,852 do value . ... . .. .. .. . ... . . .. .... $ 6,761,716 6,787,424 000 in value. 2,300,737 Tin plates .... . .. . ........ .. cwt . 3,851,390 5,0 80,389 IMPORTS OF LEA.UlNG ARTICLES FOR YEARS ENDING J UNE ARTICLES. 1896-97. 1895-96. 30. 1894-95. ----1-----•1------1----- 1,022,970 994,230 870,768 Alazarine, value . . .............. $ Argal, or argol. ........ . ...... lbs. 23,457,576 28,481,665 27,911,112 1,967,042 2,724,709 value ........... $ do 1,893,730 do Books, maps, etchings, &c., val.$ 3,179,706 3,493,011 3,331,637 2,780,814 2,774,763 2,859,813 Breadstuff~, all kinds, value ... $ 1,217,179 1,435,348 1,244,151 Bristles, value .. ....... . ......... $ 1,423,910 1,070,733 950,061 Buttons and button forms, val.$ 9,391,009 11,958,386 10,591" ,716 Cement, Roman, Portl'd, etc.cwt. 2,972,350 3,839,321 3,409,937 do value .. . ...... . . . ... . ... $ 1,668,796 1,491,338 1,450,657 Cheese, value............. .. ..... $ Ohemlcals, drugs, dyes and med icines (including those given here separately), value . ...... $ 45,049,733 4 8,312 ,866 43,567,60!) 475,564 500,945 455,737 Cigars, cigarettes, &c . ... .. .. lbs. 2,141,364 2,080,233 2,040,444 do value . . ...... .. .... . . .. . . $ 1 ,260,109 1,283,829 1,24 3,835 Coal, bituminous . . . . ...... . . tons. 3,848,365 3 ,559,283 3,540,848 value .......... $ do do 3,072,915 2,549,350 3,196,478 Coal tar, colors and dyes, value.$ 3,195,811 2,997,8ti6 2,387,078 Cocoa, or cacao, crude, value . .. $ Coffee .................. . ...... 1bs. 737,633,838 580,597,915 652,208,975 do value .. . ..... . ............ . $ 81,544,384 84,793,124 96,130,717 434,839 1,080,638 1,195,314 Cepper, value .......... . ..... . .. $ 1,323,409 1,209,450 1,049,073 Cork wood, value ..... .. ... . .... $ 5,8~4,262 6,578,212 4 ,7 14,375 Cotton, raw, value .. . ... . . . ... .. $ Cotton, manufactures ofBleachedand unbleached, dyed, colored, stained or painted, aqudare ydardsv.·a·l·u· ·e·. ·.·.·.·.·.·.·.·.·_-$· 39,115,216 43,298,47 9 4 6,88 6,!l4 6 5,554,0511 5,100,424 4,677,679 0 0 Hosiery, shirts, drawers, &c., 6,190,6'72 5 ,596,703 6,535 ,179 value ... .. .............. . .. . .. $ Other manufactures of, val..$ 24,154,981 21,146,408 21,107,265 2,339,963 2,155,238 1,854,803 Cutlery, value . ... . .............. $ 1,015,594 1,91 4 ,522 1,589,773 Dye woods, value ... . ........... $ 8,956,106 Earthen,stone& China ware, val.$ 9 ,977,366 10,605,861 2,386,804 lt,232,908 1,722,638 Feathers and down, crude, val.$ Feathers and flowers, artificial, 1,851,918 1,74 1,258 2,138,21:'> value........... . .... . . .. .. .. ... $ 1,111,532 1,106,846 1,092,449 Fertilizers , value.·-·-- .... . . . ... $ 6,109,714 6,323 ,299 "i,474,040 FlSh, value . . . . .. . . . .... . ......... $ Flax, hemp, jute, &c., raw, val.$ 12,33('1,418 12,870,694 13,282,081 m'f' rs of, val..$ 32,546,943 27,119,640 ~6,290,994 do do 17,126,932 19,032,439 17,180,890 Fruita and nuts, value·-····· 6,015,054 9,rsoa,398 10,322,157 Furs and fur skins, value ...... . 5,509,626 7,435,792 6,541,679 Glass and glassware, value . . .. . 1,182,099 1,472,302 784,613 Glycerine, value . .. . .. .......... $ 6,486,813 6,763,082 6,463,872 Gloves, kid & leather, value._ .. $ 976,30 n 1,190,303 1,227,953 Grease and tallow, value.-· .... $ 5,560,322 Gums, value.·······-···· · ···-···$ 5,755,247 6,922,111 2,052,204 2,14t,i:n3 2,125,475 Ha.Jr and manuf'rs of, value .... $ Hats, bonnets, etc., material of 1,990,735 2,769,993 2,755,450 straw, chip, etc., value. . .. . ..• $ Bay, value . . . ........ . ......... $ 1,030,497 2,773,535 1,4 33,716 Hides and skins, value .. ........ $ 27,863,026 30,520,177 26,122,942 Household and personal effects, 2,437,713 2,585,749 2,242,961 etc., free of duty, value... . ... $ 2,503,662 Horses, cattle and sheep, val...$ 4,074,333 3,025,977 India rubber & gutta percha.. lbs. 36,692,114 40,618,314 41,068,401 val .$ 17,558,163 16,781,533 18,475,382 do do Indigo, value .......... . .....•.•. $ 1,696,641 1,673,170 2,015,975 Iron a-nd steel, and manufac· tures o!14,174 R8,125 22,159 386,555 520,74n 2,031,427 Ingots, blooms, &c . ........ lbs. 39,560,628 68,831,966 28,953,460 502,346 do value .. ·-······ · ·······$ 1,554,438 1,945,150 Total value* . .................. $ 16 ,096,681 25,339,10 3 23,048, IH6 2,485,920 2,433,234 1,943,700 Lead, and manufactures of,val.$ 6,863,343 6,337,644 6,098,005 Leather, value .. . ................ $ 1,0 22,650 1,401,748 1,404,563 Licorice root, value..... . . ... $ Lime, chloride of..... . .....•.. lbs. 99,274,l:•8 104,053,877100,456,774 1,375,560 1,579,358 1,644,835 value . .. .. .. . . $ do do Lumber, value ....... _.. ···--···$ 9,091,900 8,505,975 7,259,428 Marble and stone and manufaotures of, value.. ·-···········-·$ 1,197,208 1,328,139 1,239,166 Malt liquors, value . . . ·-·····-···$ 1,560,293 1,665,016 1,514,84.5 3,922,003 . 2,777,417 1,638,638 Matting, incl. Chinesel value . . . $ Metal, metal compos tionR, and manufactures of (not includin~ 4,l 18,60Y 4,614,955 4,228,046 ... $ brass and iron, &c.), value.all 4,687,664 15,075,879 3,702,471 Molasses .••............. . ... g s. 737,265 1,295,146 586,513 do value._ ..... . .•...•••... $ 918,253 1,147,926 1,307,154 Musical instruments, value .... $ 5,119,646 5,493,348 5,501,771 Oils, value ....... ·-··-·········- ·$ 498,220 464,259 1,229,975 Opium, incl. prepared . .. _•. lbs. 3,317,588 1,418,481 1,650,675 value . . . $ do do 1,246,924 1,309,041 J ,387,353 Pmts and colors, value..... -.. $ Paintings, statuary, &c., val...$ 4 ,424,036 4,819,840 3,843,097 3,113,765 3,169,480 2,863,533 Paper and manf'rs. of, value ... $ P aper stock-Rags ........... lbs. 51, 180,702 42,192,098 74,776,703 730,633 1,175,778 668,385 do value .................•... $ 2,403,320 2,715,090 2,610,248 All other, value ............. .. $ Pepper .. .. .. . ...... •........ . lbs . 15,033,452 16,644,763 20,501,837 791,343 650,861 711,453 value .... . ....••......... $ do 522,396 860,127 1,049,780 Platinum, value ................ $ Potash ... . . . ··················lbs. 141,103,529 138,834,933 132,326,518 2,853,012 3,027,302 2,899,662 $ value .................... do Precious stones and imitations, 2,622,774] 6,598,527 6,863,288 unset, value . ....•............. $ 2,384,682 2,095,0li'> 2,028,658 Provisions, all kinds, value...... Rice and rice meal. .......... lbs. 197,815,544 146,724,607 219,564,320 3,517,1601 2,185,579 3,445,512 do value ..•........•.......... $ Salt........... . ............... . lbs. 598,410,526 553,279,500 496,810,501 680,802 759,696 753,906 do value . .. . ...... .. ... . .... . . . . $ 1 ,423,926 2,683,154 6,535,580 Seeds, value ...•.........••...... $ Bilk, ra.w ..........•........... lbs. 6,513,612 8,000,621 7 ,974,810 value....•.............. $ 18,496,944 26,246,902 22,029,068 do Silk, manufactures of, value ... $ 25,199,067 26,652,768 31,206,002 124,803 127,557 83,331 Soda, nitrate of ........•• . . . . tons 2,640,389 3,870,724 4,124,712 yalue ....•.• . ... $ do do tSoda . ......................... lbs 251,855,594 339,838,263 398,016,415 3,720,255 2,539,463 3,255,821 do value .......... . ........... $ 2,64.0,235 2,576,816 2,378,519 Spices, all kinds, value . ..... . .. $ Spirits, distilled (including pro3,850,114 3 ,077,694 2,730,741 duct oi U.S. returned),value .$ Sup:ar, not aboveNo.16 ..•. cwts. 47,197,696 37,088,748 35,161,581 Sugar, value ....•.............. .. $ 94,138,031 83,866,200 74,829,794 1,631,763 4,928,150 5,353,573 do above No.16, value . ..•. $ 2,183,607 1,930,293 1 ,700,784 Sulphur, orude, value. .... . ..... $ ···1 Pigi;0n~aiue~ ·.·.·.·::::.:·. -.-----.~~$ https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 5,344,638 value . ... . .. . .... . ..... $ do 8,950,656 12,144,080 Tobacco, leaf ......•. . .. . ... . lbs . 13,805,277 32,882,666 26,668,261 9 ,584,155 16,50 3,130 14 ,745,720 value ..... ... . .. . . ... .. $ do 2,097,!'i47 2,200,812 2,14-2,892 Tobacco, manufactures of, val.$ 3,295,057 Toys, value................. ..... $ 2,51 6,41 0 1 ,889,628 884,865 4 95,273 1 ,013 ,608 Vanilla beans. value . ....... . ... $ 2,571,948 3,971,536 Vegetables, all kinds, value . ... $ 2,521,206 Watches and movement , val .$ 1,118,39H 1,098,iWO 1,012,69 6 1,534,177 2,110,030 1,429,993 Wheat .•............... .•••. . bush. J ,17fl,337 1,386,161 868,965 do value . .. ................... $ 2,997,703 2,789,153 Wine in casks ....... . ...... g a lls . 2,834.898 2,039,141 1,950,770 1,945,347 value . .. ..•... . .... $ do 536,902 560,583 554,536 Wine in bottles ............. . doz . 4,823,159 5,238,190 5,156,235 value ... . .......... $ do Wood and manufactures of, val.$ 20,543,808 20,568,308 17,t14,119 Wool and woolen goodsWool, rawt . ................. lb . 350,852,026 230,911,473 206,081,890 value .. . . ..... . .... . $ 53,243,191 32,451,242 25,572,763 do moths, value ........... . .. . .... $ 17,007,273 21,886,528 16,298,169 999,492 984,689 1,296,536 Clothing, value.·- ·· ····· ... . $ 696,836 626,597 470,757 Carpets ................. q. yds. 893,944 1,361,465 782,955 value ......•........... $ do Dre s goods.. ..... ... .. q. yd . 22,048,526 26,356,835 34,530,612 value ... . ..•........... $ 16,787,241 19,929,925 14,399,844 do .937,999 2,541,672 2,531,058 Knit fabrics. \"'alue ... . ...... . $ All other wool mnfs., v al. ... . $ 11,069,776 6,945,635 4,526,579 * Including machinery, but not including iron ore; also including the v alues already stated separately. t Includes bi·ca rbonate or ~uper-carbonate, caustic, sal soda and soda as h , and all other salts of soda . t Includes h a ir or the camel, goat, alpaca, etc. GOUR E OF MER CI-IA DI8E PRICES. To furnish an indication of the course of merchandise values we give the following table. It shows the prices of leading articles of merchandise in ew York about th e first of J anuary in 1 60, which was before tl:i.e war excit ement had begun to affect the markets; on January 1, 1 79, wh en specie payments were resumed; and for t h e past five years-1894 to 1898 inclusive. COM P ARATIVE PRICES OF MERCHANDISE IN NEW YORK. January 31860. B readstuffs•Flour--No. 2, ext ... bbls. Patents .........bbls. 1879. 1894. 8 90 >; 75 3 10 2 85 111 1~ 98 2 8 2 2 c~~~:~r,~,r~~ini;.ii~:· tWheat-White, No.l .bu. Red Winter, No. 2 .. bu. West' n Spr'g, No. 2 .bu. Rye, Northern . . .... . bu. Oats, No. 2, white ..... bu. CornWest. mixed, No. 2 .. bu. Cottonr~~~~~dY81;'¼?i,iand:lg: Cotton goods- Brown sheetings ..... yd. Print cloths, 64x64 .. .. yd. F !shDry cod (Georges) .. .. qt!. No.l(M11,11s.)mackerel . bbl. 4 7 4 8 1 1 80 l50 00 90 50 80 "uz 46½ 90 1896. 1897. 1899. ~~i~x::ts\1c~.~:ioow,~. ~l!'!i~~g~~~~cUrl~;d·:bht olasses-N. Orleans . .gall. L L eather- Naval Stores- ~~=o~~g:~t.~::.::f~}: ollsCrude whale ... . . ... .. gall. Crude sperm .. . . .. .. . .gall. Linseed, Calcutta ... . g all. etroleumP Crude in bbls ....... .. gall. Refined ln bbls . ... ... gall. P rovlsionsPork, mess ............. bbl. ~::i· El~~-~~-~~~~~::gg}: 83 47 13¾ 5% 25 50 75 90 69 2 8 2 2 75 'i5 75 25 70 69% 85 fl'i ~ 42 52 96 ~g~ 4 50 i·oo .. .. .... 80 75 53 6¾ 8 9¾ 8 Ill 67 2 11~-M 4 25 6 87¾ 7 50 16 00 19 00 21 00 45 l:SO 70 6¾ 2~ 15 t~ 2200 17 00 4 00 20 00 19 50 14 00 12 00 S 27~ S 15 18 ~5 93 19¼ 80 97 17 81'.i so 28 27¼ 44¼ 1~¼ 1 85 1 85 1 65 52 l 40 57 .... .... 44 65 38 81 62 6S 5¼ 6 8¼ 5 8-20 ~17 14 25 8 25 15 00 2,l!~ ~ieiw~~ll~!·::::: ::::lt ffi T Refined hards ........ .. . lb. . . ....... . .. .. ... . .. lb. Wallow ool-XX Ohio fleece . . . lb. 2 8 2 2 S 40 "1'5 3 15 2 10 00¾ 1~ (16 97 lS 46 25.U 2~ 6ff¾ 55 60 00 16 9 50 10 1)0 14 l50 17 00 6 9¼ 10¼ 5 75 23 24 Butter, prime State ... lb. 11 RCheese, fine factory .... lb. 4¼ Ice-Domestic ..... . .. . .lb. salt115 70 Liverpool ground . ... sack. 2 50 Llverpool,Ashton's .sack. 11;5 s 20 80 90 70 813,( 8 5 8 2 l 70 10 15 00 02 l~~ 55 2~ 33 9 7-16 11 8 511-16 85-16 7 8-16 5 15--16 5¾ 11¾ 91-16 7 9-16 5¼ 715--16 6 18-16 H :~~gfn1flf ·::.: · .' ~~-~~~: " i6 H ops, prime State . . . ... .. lb. I ronScotch pig ...... . .. . . . . ton. 24 50 H ~::;,- fair refining ..... lb. 1895. --- --- - - - -----$ c.- --$ c. $ c. $ c. $ c. $ c. $ c. 1¾ ··io¼ 40 ~ 856% 2 95 so 2¼ 4 5¼ 24 r' 7 00 24 00 85 ~¾ 11}( 2~ ·i~ 6 00 2500 70 b5 4 4~ 17 12 6 75 22 00 Nom 'l. Nom'l. Nom'l. 18 00 12 00 S 15 S 72¾ S 05 uoo 22 70 95 20 fl5 8~ 81 2~ 162¾ 1 76 21 75 38 SS!J( 1 40 Nom'l. Nom'l. Nom'l Nom'l. 45 49 50 56 50 54 50 56 6 9.5 Nom'I. 545 8 18 00 7 75 17 00 ~ 22 UM 4~ 515 2 10 ~ 4¾ 18 7~ Nom 'I. 6 1-5 5 2-5 9 25 8 50 7 5u 8 50 17 50 ~2 50 9 8!4 4 1-16 2t")6 18 10 ~ 4 4¾ 9 75 15·00 i>s lW' 75 2 10 65 2 10 90 2 10 ·~gg i¾ 8 8· 16 1l'¼ 2~ so 2 Extra in bbl8." is now the common shipping flour to Great Britain, and is a bout the same as the "Wheat Flour, State," quoted in 1860 and previous years-'·Patents'' are the hi~hestgrades and correspond with Extra Genesee of 1860 and previous years. I WHEAT-"White No.1" prob9,bly corresponds as nearly as any present grade with White Genesee in old classification-" Red Winter No. 2" would probably rank with '·Red Weste1"n" of old classification. The other grades mentioned for breadstufls cover same as quoted in old lists of prices in " Hunt's Merchants' Magazine." t CoTTON -On Oct. 1, 187 4,grades of cotton as quoted were changed by the National Cotton Exchange. According to the new classification every grade w as reduce.!, so that (for illustration) Middling accord• ing to new classification was on that day quoted 3sc. lower than Middling ot the old classificat ion. * FLOUR-"No. FOREIGN EXCHANGE RECORD. PRICES 1888-1897. In the tables which follow we furnish a record of the :fluctuations in the rates of exchange on London for each date of the last ten years. The tables have been compiled from daily posted rates of the leading foreign exchange houses in New York. Posted rates are fractionally higher as a rule than those for actual business. 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 1792 to 1834 our gold coin was of the sam~ standard as the pound sterling-viz.~ 22 carats, or 916-i- 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 183-! 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 91¼ cents and the pound $4 86¼. In 1834 the Custom House valuation of the sovereign was put at $4 84, and so remained until 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), involving the practice of quoting American securities about 8¾ per cent below their actual value. To correspond with the English custom bankers in ew York from 1834 to 1874 quoted sterling exchange at 109·45¾ 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 4·8o65. The London Stock Exchange also made a change in its method of quoting early in the year 1874, but valued the dollar at 4s., or about 97¼ cents. This valuation, being 2½ cents below par, is equal to a quotable premium of about 2!- per cent, and accordingly the present London quotations of American securities are about 2¾ per cent above their actual value-a bond worth 100 here being quoted there at 102¾. 1888. Day of January. Mon. 60 d. Sight. 1. ... s. 2 . . . Holiday. 8 . ... 4 i!:3¼ 4 87 4 .. . 83½- -l 4 87 5 ... 8!-4½ 87 7½ 6 . . . 4 84 4 87 7 . . . 84-4¾ 87-7¼ 8 .... s. 9 . . . 84½·5 87½-8 10 ... 4~ 488 11. . . 4 85 4 88 12 . . . 4 85 87-7¼ 18 . . .. 84½-5 87-7¼ 14.... 84¼·5 87-7¼ 15.... S. 16 . . . 84½-5 87-7¼ 17. .. 84¼·5 87-7½ 18 . .. . 84½-5 87-7½ 19 ... 84¼5 87-7½ 20 . .. 4 85 4 87¼ 21 . . . 4 85 4 87¼ 22.. .. S. 28 . . 4 85½ 87½-8 94 .... 4 85½ 87½-8 25 . . 4 85¼ 87½-d 26 . . . 4 85¼ 87½-9 27 .... 4 85½ 87¼-8 28 ••• 4 85¼ 87½-8 February. 60 d. Sight. 84¼·5 &1~-7 8-l½·5 86¼-7 4 8'l-¾ 86-¾ 4 84-}9 86-½ s. 4 84-½ 86-¼ 4 8!-¼ 8tHi 4 84-¼ 86--¾ 4 84½ 4 Sf\¼ 484¼486¾ 4 84½ 4 86¾ s. 4 85 4 87 4 85 4 97 4 85 4 87 4 !:ID--¾ 4 87 4 85-¼ 4 87 4 85--¾ 4 87 March. 60 d. Si_g_h_t .. 4 8•1-½ ~ 4 ~ BS-¼ 48 88-¼ • 4 8 a 88-¼ 4 ~ 4 88-¼ 4 86-~ ~ 4 86 -½ 486-½ t;. 4 86-½ s. 4 86-¾ 4 86-½ 4 86-¾ 4~ 48 it] S8 88-¾ 83-¼ &!-½ • 4 86-¾ 88-¼ 4 85-¼ 4 87 4 86-½ ~ 4 85¼ 87-¾ 4 86½ 4 88 Holiday. 4 86~ 4 4 85½ 4 87½ 4 86½ 4 88½ 85½-6 R7½-8 4 86½ 4 88½ 85½-6 87½-8 s. s. 4 86¼ 4 1 85¾-6 87¼-8 4 86½ 4 88 85¼-6 87¾-8 4 8!\¾ 4 88 29.... s. 85¼-6 87½-8 4 86¼ 4 88½ 80 •••• 4 85 4 87-¾ . . . . . . . . . . . 4 86½ 4 88½ s1:iiaiii~½ 4 &1½ • • . • • • . • • . . 4 86¼ 4 88½ l~~~ t ~t: ! ~ : ~ <\.pril. 60 d. Sight. s. 4 ~ 88-¾ 4 81-¾ 88-¼ 4 86-½ 88-~ 4 86-¾ &!-¼ 4 86-¾ 88-¼ 4 86-¾ 88-¼ May. 60 d. ~i_g:ht. 86¼•7 ~-9 86½-7 88½-9 86½-7 88¼-9 4 b7 4 88 4 87 4 89 S. 4 87 4 89-~ ti. 4 87 4 89-ij 4 86-¾ 88-¾ 4 87 4 89 486-~e 487 489 4 86-¾ 4 87 4 89 4 8ij 4 87 4 89½ 48 s. 4 864 87 4 89¼ ti. 86½-7 89-¾ 4 86-¾ 88-¾ 8tl½-7 81)-¼ 4 86-¾ 81 4 89¼ 4 4 88 4 87 4 89½ 4 8fl ~ 4 87 4 89½ 4 4 88 s. 86}9- 88¾- 4 87-¾ 4 90 S. 4 l:17½ 4 90 4 87 4 89 4 87½ 4 00 4 87 4 89 4 87½ 4 90 4 87 4 89 4 87½ 4 90 4 87 4 89 4 87½ 4 90 4 87 4 89 S 4 87 4 89 4 87¾ 4 90 s. 4 87½ 4 90 4 87 4 89 Holiday:. . . . . • • . . . . • 4 87½ 4 90 i 14 June. July August. Septemb'r. 60 d. Sight. 60 d. Sight. 60 d. olgQ.t. 60 d. Sight. 4 87¼ 4 90 s. 4 86 4 88 4 85½ 4 88¾ 4 87½ 4 90 4 87¼ 4 89-½ 4 86 4 88 S. s. 4 87½ 4 89-¾ 85¼-6 4 88 Holiday. 4 87¼ 4 90 Holiday. 85¼-6 4 88 4 85½ 4 88¾ 4 87½ 4 90 4 87ij 489-¾ s. 4 85½ 4 88½ 4 87 4 89¼ 4 87 4 89-¾ 85¼-6 4 88 4 85¾ 4 8·% 4 87 4 89½ 4 87 4 89-½ 85¼-6 4 88 4 85¼ 4 88½ 4 87 4 81% s. 85½-6 4 88 4 85¼ 4 88½ 4 87!1! 4 89½ 4 87½ 4 8ru 85¼-6 4 88 S. 's. 487½4tl9- • 85½-648~ 485¼488¼ 4 87¼ 4 89¼ 4 87½ 4 8985½-6 4 88 4 85½ 4 88½ 87¼-b 9!,(;-00 4 97½ 4 89-½ s. 4 85½ 4 88¼ 87½-8 9¼-90 4 87½ 4 89-¼ 4 85½ 4 88 4 85¼ 4 89 4 81½ 4 89½ 4 87½ 4 Sil-¾ 85-¾ 87¼-8 4 85½ 4 89 4 87½ 4 d9¼ S. tl5-¼ 87½-8 4 85½ 4 89 4 87½ 4 89½ 4 87½ 4 89-~ 85-¾ 87¼-8 s. s. 4 87½ 481185-¾ 87½-8 4 85½ 4 89 4 87½ 4 89½ 4 87½ 4 89 85-¾ 87½-8 4 85½ 4 89 4 87½ 4 89 ½ 4 8~ 4 80-¾ s. 4 85½ 4 89 4 87½ 4 89½ 4 87 4 89-½ 4 ~ 4 88 4 85-¼ 88½-9 4 87½ 4 bll½ 4 8 4 89-½ 4 4 88 4 85-¼ 88½-9 4 87½ 4 89½ s. 4 4 88 4 85 88¾-9 4 87½ 4 89½ 4 87¼ 4 89-¼ 4 85½ 4 88¼ s. S 4 87 88½-ll 4 85½ 4 88½ 4 85 88½-9 4 !.l7¼ 4 89½ 4 87 88½- ff 4 85½ 4 88½ 84½-5 8 ➔½-9 4 87½ 4 &9½ 4 87 88½-9 -s. 84½-5 88½-9 4 87~ 4 89½ 4 86½ 4 88½ 4 85¼ 4 88½ 84½-5 88½-9 4 87 4 89½ 4 86¼ 4 88¼ 4 85¼ 4 88¼ 84¼-5 81:%-9 87-7 89-9½ s. 4 85¾ 4 88¼ 84½-5 88½-9 87-7¼ 89-9¼ 4 86¼ 4 88¼ 4 85½ 4 88½ S. . • • • • • . . . • . . 4 86 4 88 4 85½ 4 88½ . . . . . • . . . . . • Octo~er. 60 d. 8_1ght. 84¼·5 88½-9 81¾-5 88½-9 84½·5 88½-9 4 84¼ 4 89 4 84½ 4 89 4 84½ 4 89 s. 4 84½ 4 89 4 84½ 4 89 484¼489 4 84½ 4 89 4 S4½ 88½-9 4 84¼ 88~9 S. 4 84¼ 88~-9 84½~5 88¼·9 84½-5 88½-9 !.l4½-5 88¼·9 84½-5 88½ 9 84½-5 88½-9 S. 84½·5 88½-9 84½-5 88¼-9 8415 88½·9 84 .5 88¼·\f 8 -5 4 &l½ ~~5 4 88¼ s. 4 84½·4 88½ 4 8~ 4 88½ 4 sa 4 88½ NoveD?-ber. 60 d. Sight. 4 8§ 4 88½ 4 85-¾ 4 88¾ 4 86¾ 4 88¾ December. 60 d. Sign:. 4 85'x! 4 89 · ~- 4 85¼ 4' 89 4 85½ 4 89 486¾ 488¾ 8 1 4 89 Holldar.. 4 89 4 86¾ 4 8 4 89 4 ~4 4 89 48 4 88 S. 485- 488 86¾ 489 . 85-½ 4 89¼ 4 85-¾ 4 88¼ 85-¾ <I 89 <>. 4 85-¾ 4 88¼ 85-½ 4 89¼ 4 86¾ 4 88½ S5-½ 4 89½ 4 65-½ 4 88¼ 85-¾ 4 89¾ 4 8 ~ 4 88¼ s. 485-¼ 88½-8 85-½ 4 89¾ . B. 8~ 4 ~ 4 85½ 4 89 86¾ 4 89¼ 4 t-5¼ 4 89 86¾ 4 89¼ 4 1 4 89 85-½ 4 89½ 4 4 '39 b5-¾ 4 89¼ 4 85 4 89 s. 4 85½ 4 89 85-¼ 4 89½ s. Holiday. 4 85½ 4 89 85-½ 4 89! , 4 85!,v 4 89 85-½ 4 89~ 4 85¼ 4 il9 84¼·5 89-¾ Holiday. 84¼·5 89-¼ 4 85½ 4 8\f 8. . . . . . . . • . . . . 84 ~ -5 av.¾ s. I ! ~ ! ~" ! ~½ ! ~ : ~ ! ~~ ! 3s½ ! ~ ! ~ ! ~¼ ! ~½ ! ~ ! ~~ ! ~~ ! ~½ ! ~½ ! ~½ ! ~½ ! ~½ ! ~~ ! :t¾ 9 1889. Day of Janu~ry. February. ,~~: 60a~11~::.t. ~Os~· SJ~i~ 2 .... &¼-f> 89-9¼ 4 87 89-11½ 8 .... Bi¾-5 89-ll¼ S. 4 . .•• St½-5 89-9½ 4 87 89-9½ 5 .... 84½-5 89-0½ 4 87 89-9¼ 6.... 8. 86½-7 4 89 7 ... 85-5½ 89-9¼ 86¾-7 4 89 8 •••. 85-5½ 89-9¼ 8ti¼-7 4 89 9 ..•. 4 85½ 89-9½ 86½-7 4 89 10 ..•. 4 85½ 89-9½ s. 11... 85½-tl 89-9½ 86½-7 4 89 12 •. . 85½-6 89-9~ 86½-7 4 89 18.... 8. 86¼-7 4 89 14 .• .. 85½-6 4 89 86¼-7 4 99 15. ••• 85¼·6 4 89 86¼-7 89-9½ 16 .••. 4 86 4 89 86½-7 80-9½ 1'7 .•• . 4 86 4 89 S. 18 .... 86-6¼ 89-9½ 86¼-7 89-9½ 19 . .•• 4 8&½ 4 89½ 4 87 4 89¾ 20. . . s. 4 87 4 89½ 21. .•. 86½-7 4 89¼ 4 87 4 8 9¾ 22 .... m-7 4 89½ Holiday:. 28 • • 86 -7 4 89½ 4 87 4 893' 24 .••. 4 4 89½ s. 25 .•. . 4 87 4 89¾ 4 87 4 R9½ 26. .•. 4 8'7 4 89½ 4 87 4 89½ 27.... S. 4 87 4 81% 28 • • • 4 8? 4 89¼ 4 8'7 4 89½ 20 ..•. 4 s1 4 89¼ • . . . . . . • • . . 80 . ... 4 87 4 89~ • . . . . . • • • • • • 81Rant:! 489 ••..•. ..... High 4 87 ~Ii~ April. ~Os~· ~~~~ 4 87 4 89¼ 4 87 4 89~ 4 87-7½ 89¼ 4 87½ 4 8>1½ 4 87½ 9½-90 8. 4 87½ lf½-90 87½:S 9½-90 87¾-8 9½-90 87½-8 9½- 90 87½-8 9¼-90 87½-8 9¼-110 S. 87½-8 9½-90 87½-8 9¼-90 87½-8 9½-90 87¼-8 9½-90 87½-8 9½-90 87½-8 9½-90 S. 87½-8 9½-90 87½-8 9½-90 87½-8 9¼-90 87~-8 9¼-90 87½-8 9¼-90 87½-8 9½-90 S. 87½-S 9½-90 Holiday. • ••.•.•..•• 4 89¼ 4 87 4 89¼ 4 87 4 89¼ 4 88 , 86¼ 4 89 4 861A 4 89¼ 4 87 Low. 4 843' 4 89 ., March. ~Os~· 4 Si 4 89½ 8. 86½-7 4 89½ 86½-7 4 89½ 86½-7 4 89½ 86½- 7 4 89½ 86¼-7 4 89½ 86½ -7 4 89½ s. 4 86¼ 4 89½ 4 86½ 4 89s 4 86¼ 4 89 4 86¾ 4 S9 4 86¼ 4 89¼ 4 86½ 4 89½ S. 4 sru 4 89½ 4 86 4 89½ 4 86 4 8m 4 86½ 4 89 4 86~ 4 8 4 86½ 4 89½ s. 4 86~ 4 89½ 4 86½ 4 89½ 4 86½ 4 89½ 86½:.7 4 89½ 4 81 4 Bil½ 4 87 4 89¾ S. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis May. 60Jou8d::,t. 4 88 9¼--90 4 88 9¼-90 4 88 9½-90 S. 4 b8 9½-90 4 88 9½-90 4 88 9s-90 4 88 9 -90 4 88 9 -90 4 88 9 -90 s. 4 88 9½-90 4 88 9¼-90 4 88 9¼-90 4 88 9½-90 ~ 88 9½-90 4 88 9½-90 S. 4 88 9½-90 4 88 9½-90 4 88 9½-90 4 88 9½-90 4 88 ll½-90 4 88 9¼-90 s. 4 88 9½-90 4 88 9½-90 4 88 9¼-90 Holldf?. 4 8& 9 90 4 90 4 88 4 8~ 4 88 June. ~OJ. S. 4 8'l 9½-90 4 88 9¼-90 4 88 9½-90 4 88 9½-00 4 88 9½-90 4 88 ll½-90 s. 4 88 9¼-90 4 88 9½-90 4 88 9¼-90 4 88 9½-90 4 88 9½-90 4 88 9½-90 s. 4 88 9½-90 4 88 9½-90 4 88 9~-90 4 88 9½-90 4 89 9½-110 4 88 91,i-OO S. 4 88 9Xa-90 4 es 9½-90 4 88 9½-90 87½-8 89-9¾ 87¼-8 89-9½ 87½-8 89-9¼ s. . •••••.•..•• ~~Jo 9¼-90 4 88 4 90 9¼-90 4 87¼ 4 89 July ~J~ August. Septemb'r. October. i~t~ ~J· ~~t. 60 d. s~lght. f>J· 87¼-8 89 -9½ 87½·8 89-9½ Holiday. 4 87½ 489 87-7¼ 88½-9 8. 87-7½ 88¼-9 87-7¼ 88s-9 87-7½ 88 -9 87-7¼ 88 -9 87-7¼ 88½-9 87-7¼ 88½-9 S. 87-7½ 88½-9 87-7¼ 88¼-9 87-7¼ ~8½-9 87-7~88½-9 87-7 88¼-" 87-7 88¾-9 S. 87-7½ 88½-9 87-7¼ 88¼-9 87-7¼ 88¼-\J 86W7 88-8½ 86½·7 88-8½ 86½-7 88-8½ S. 86-6½ B7½-B ~~ 87~-8 So¼- 87 -8 83s 4 86 4 86 November. December. ~~~ ~ d.2 ~~t. 60 d. s~tght. 4 88 Holiday. 83¼-i 88-8½ 81~2 4 86 81-1~ 85¼-6 4 88 84½·5 4 88½ 4 4 88 S. 4 81 4 86½ 8, 4 8o 4 88¼ 83-S 4 88 81½-2 4 86 4 81 4 Bli½ 4 86 4 88 4 85 4 88~ 83-3 4 88 Holiday. 4 81 4 85½ 4 86 4 88 4 85 4 88 s. 81½-2 4 86 4 81 4 85¾ 4 86 4 88 4 85 88¼-, 82¼-8 87-?½ 81½-2 85¼-6 4 81 4 85½ 85½-6 4 88 ,., 82¼-3 87-7¾ 81-1½ 85¼-6 8. 4 85½ 4 88 4 -~ 88½-9 8s:g½ 81~ 81-1½ 85½-6 4 81 4 85¼ 4 85¼ 4 88 4 85 88½-9 4 88-4 87 -8 s. 4 81 4 85½ s. 85-5½ 88~-9 89¼-4 4 81-1½ 85½-6 81·1½ 4 85¼ 4 ~ 4 88 85-5½ 4 89 4 83½ 4 88 81-1½ 85¼-6 81-1¼ 4 85\6 4 4 88 4 85½ 4 89 s. 81-1~ 85¾-6 81-1½ 4 85¾ 4 85 4 88 4 85½ 4 89 4 ~ 4 88 4 81 85½-6 Sl-1½ 4 85¾ 4 85¼ 4 88 s. 8S87¼-8 61½- 85¼-6 s. 4 85½ 4 88 4 85½ 4 89 82½-- 87-7¾ 81¼-2 85½-6 81-1½ 4 85¼ 4 85½ 4 88 4 85¼ 4 89 82~-S 87-7½ S. 81-1¼ 4 Sli¾ s. 4 85~ 4 89 82½-3 87-7½ 81½-t 85~6 81-1½ 4 85½ 4 95¾ 4 88 85-5 88¼-9 82½-S 87•7½ 81½-2 85 -6 8i-l~ 4 85½ 4 85½ 4 88 84½· 88½-9 s. 81¼2 85 -6 4 81½ 4 85½ 4 85½ 4 88 1:14.½·5 88½-9 82-2½ 86½-7 4 SI¼ ~ 6 4 81½ 4 85½ 85-5½ 4 88 S. 82-2½ 86½-7 4 81½ 4 '36 S. 85-5½ 4 88 84~-5 4 88½ 82-2~ 86½-7 4 81½ 4 86 4 M½ 4 85~ 4 85 4 88 84 .5 4 82-2 86½-7 s. 4 81¼ ~ 85¼ s. 4 ½48 82-2 86½-7 4 81¾ 4 86 Holl day. 84-4½ 87-7½ 4 84½ 4 82-2 86¼-7 4 81½ 4 86 81-1½ 85-5¼ 84-4½ 87~7 4 St½ 88½S. 4 81¼ 4 86 81-1¾ 85-~ 4 84½ 87 4 84¼ 88½-9 82-2~~ 86½-7 Holiday. _ 4 81 4 85 4 84½ 4 s. 81½-2 4 se 4 s1¾ 4 M s. 4 84½ 4 88½ 4 84½ 88½-9 81½·2 4 86 4 81½ 4 86 4 80¼ 4 84¼ 4 84½ 4 88½ ............ 81½·2 4 86 / ····· ••.••• 4 80 4 84 4 88 4 89½ 4 86 4 85¼ 4 87¾ 4 84 I 4 88¾ 4 85¼ 4 89 4 84 4 ~ 4 82 4 87 4 84¼ 4 88¼ 4 81¼ 4 86 4 81 4 86 4 81½ 4 86 4 85½ 4 80 4 84 44 EXUHA GE. FOREIG 1890. Day Jaaua.ry. 1 t~-5 4 8 .... 4 80¾ 84*5 4 5 BO½s~¼6 ... 80½-184½-5 7 ... 81-1'1! 85-5¼ 8 . ... 82-2½ 4 86½ 9 ..• 82-2½ 4 ~ 10 . ..• 4 83 4 87 11 .. . 4 83 4 87 s. 12 .. . 13 .. .. 4 83 4 87 14 . ... 82¼-3 811½-7 15 ..•• 82½-3 86¾-7 16 . . . 82¾-3 StlM-7 Of Febl'WU'y. i:::: fo~ i:::: ~L: ~:~:i ls~ 8. 19 ... 20 . .. 82¾-3 4 87 21 ... 82¼-3 4 87 22 .... 82¼~ 4 87 28 . 4 83 4 81 24 .•• 83-3½, 87-7~ 25 .. . 83-3¼ 87·7¼ ~26. . .• Z'l .• •• 4 84: 4 88 28 ... 4 84 4 88 29 . ... 4 84 4 88 80 .... 84-4½ 88->l¼ 81Ran~e±½ 88-8¼ ½ SHl 84-4¾ 88-8½ ~u~ ~~ Sl-4¾ 88-8½ 84-4¼ 88-8¾ 84-!½ 88-$6 s. 4 84 4 88 833,i-4 ~7¼-8 83½-4 87¼-8 83½-4 87½-8 83½·4 87½-H 83¼-4 87¾-8 s. 7 ~ si~ tl3-3~ 87-7¼! 83-3½ 87-7¾ 83-3½ 87-7¼ Holiday. ~~~ S. 82¼-3 86~'7 4 82¼ 4 Sil¾ 82-2½ 8~6½ 82-2½ 86-13¼ 81½-2 85¾-6 . . . . • . . .•.. .. ... ... ..• .. ...... .... August. Seotemb'r. October. November. December. Jul.f' 60 d. Sight. 60 d. Sight. 60 d. Sight. 60 d. Sight. 60 d. Sight. 60 d. Sight., 8 Sl-l¾s~¾-6 ~t~ June. May. 60 d. Sight. 60 d. Sight. 7 8 4 85 i 87 ~~" ~ ~ Sl¼84!,-5 86¾-7 4 85 4 87 81-1~ 85-~ 4 85~ 4 88 1 8 85-5~ 87-9¾ gJtt7 : ~½ ~½ 8';-7½ 85-5½ 87-7¾ 8. 4 83¾ 8i-7¼ 83-3½ 86¾-7 85½--6 89-8~ 85-5½ 87-7½ 4 85½ 4 Bi¾ 8. 83-3¼ 86¼-7 85¼--6 88-8 85-5~ 87- i¼ 85-s~ 87-7½ 85~---6 4 s1~ 4 86 4 s~ 83-3¼ 4 86½ 86-6¼ 88¼- 85-5¼ 87-7½ 85 ---6 8'l-8s 4 88 4 8. 82¼~8 86-6¼ 86-6!-9 88½-9 82~-3 86-6g 86-6½ 88¼-9 85-5½ 87-71,ji 4 86 4 88 85-5½ 87-7¼ 4 86 4 88 s. 4 8-&¼ 4 85 4 86 4 88½ 4 86 88-8½ 4 85 4 b7 4 82¼ 4 S5 S. 4 82¼ 4 85¾ 4 86 SS-8½ 84¼-5 86~-7 4 St½ 4 SJ½ 4 86 4 88~ 4 86 4 88 s. 4 4 86 l ~;: l:! ½s~ ¾ l t2~tH5~~~ l 4 86 4 88 84-4¼ 86---6¾ 4 86 4 8',¾ 4 83 4 StJ 4 86 4 8/,½ 4 Si 4 86 S. 83-3¼ 88-6¼ 83-3¼ BK-R¾ 4 86¾ 88-8¼ 4 St 4 86 SIP½-6 88-8¼ s. 83-3¼ 86-6>' 4 86¼ S8-8½ ~ 84 4 Si 85½-tt 88-8¾ 4 86½ 88-8½ 4 8( 4 86 S. 85½---6 4 8-l½ 4 83¼ 4. 86¼ 4. 86¼ 88-8½ 4 8l 4 tl6 85½-6 4 88½ S. 88¼-4 Bfl¼-7 4 86 4 88 84½-5 86½-7 85-5¼ 4 88½ 4 84~ 4 87¼ 4 86 4 8~ 84½-5 86½-7 85-5½ 4 88½ S. 84¾-5 87½-I:! 85-5¼ 87-'i¾ 85-5½ 4 88½ 4 85 87½-8 4 86 4 88 S. 4 85 87¼-8 4 _~½ 87¼-8 85-5½ 87-7½ Holiday. 4 85 4 88¾ 85}9-6 87x;-8 S. 4 fl" 87½-8 ............ 85-5,½; 87-7½ ............ April. March. II on.60 d. Sight. 60 d. S~t. 60 d. 81,B:ht. 60 d. Sight. 2 ~t2s la½• 7 5 fJ¾ ~s?' ~j½ ~t¼:g 4 ~ 4 88~ s. ll Holidays. S. 4 85 4 88¼ 85-5¾ 88½-0 85-5½ 4 89 4 85¼ 89-9¼ 4 85¾ 4 89½ 4 85¼ 41:!9½ s. 4 85½ 4 89¼ 4 85 4 89¾ 85-5½ 89-9½ 85-5½ 80-9¼ S. 85-5¾ 89-9¾ 85-5½ 89-9½ 85-5½ 89-9¾ 4 85½ 4 89½ 4 85½ 4 SQ¼ 4 85½ 4 89¼ S. 4 5½ 4 89½ 4 8~¼ 4 All½ 4 Sa½ 4 89½ 4 85,½; 4 89,½; ~~-1 ~g¼ 4 S4½ :i ~½ 80-0½ 87-7¾ 81-l¼ 85-5~ S. 4 84 4 88 Sl~-2 85-5¼ 4 84 4 88 81½-2 85-5¾ 81-1½ 83-6½ 80-0½ 87-7½ 81-1¾ 85-5¾ S. 81-1¼ Sll-6~ 80-0½ 4 87½ S. 83½-4 87¾-8 4 83½ Sfl½-7 81¼-2 85-5¼ 81¼ 2 86½-, 80·0½ 4 87¼ 80-1½ 85-5¼i 80¼-l 4 85 S. 4 83¼ 86¾-7 81-1¼ 85-6¼ 4 8~ 86½-7 81-1¾ 85-5½ 4 82 86¼-7 81¼-2 4 88 80-1 84½-5 8. 4 8~½ 4 87 81-1¼ 4 85½ 4 82 86¼-7 i:;2:2½ 88-8¼ Holiday, 4 82 4 88¼ 80-0¼ 84½ s. 4 83½ 4 87 81-1¼ 4 85½ 83-:i¼ Sfl¼-7 81-1¾ 4 85½ 81½-2 86-!.I½ Holiday. 80-0¼ 84-¾ s. 81½-~ 86---6¼ 82-2½ 4 88½ s. 8-Z½::J 86-6¼ 82½-3 86-6½ 4 81¼ 4 86 81,½-2 86-6¼ 8t-2¼ 4 88¼ 80-0¾ 84-4½ 80..Q¼ 84-4¾ S. 82½-3 86-6½ 4 82 4 86 81-1½ 85¼-6 ..•.•• •••••• 81-1~, 85¼---6 ..........•. 80-0½ 8H¾ S. gg:g~ ~8:~~ ~ ~g £g~ sit: 81tt·3 86-6½ 82¼-H 88 81-1½ 85¾-6 4 82 8 ~ 3 88 1 8l~~ i~¼°-6 ~1~-2 ~-0 S~¼- 8~ 83 l ~~ 85~ Sll¼-90 4 83 4 86½ 82¼-S 4 83 81-1¼ 8:'>½--6 81-2 85-{l S. 82-:>,¾ 87-7½ 80½-1 85½--6 S. 85-5½ 89-ll¾ 4 85 4 89 82¼-3 86-6¼ 4 S2 4 87 80¼-1 85¼--6 80-1 84¼-S. 80-1 84-5 s. 4 si 4 s1 4 4 85 4 89 4 4 82 4 86 4 82 4 87 4 80¼ 4 86 80-1 84-5 s. 84¼-5 88½-9 82-2 85¼-6 4 82 4 87 4 80¼ 4 81 80-1 84-5 4 80¾ 4 86 79½-184-5 s. 84-4½ 88~¾ 4 82 4 85¼ 84-4¾ 88:-8½ 4 84 4 85¾ 81¼-2 86¼-7 4 80¾ 4 86 79¼-1 84-5 S. 81-1½ 8~½ 80-0½ 85½...J\ S. 4 84¼ 4 88¼ 4 84½ 4 8..ix; 4 82 4 85¼ 4 81¼ 86-d½ 80-0).ji 85¾--6 79¼-1 84-5 '80-1 84-5 S 4 84¾ 4 88½ 81¼-2 85-5¾ 81-1½ 86-R¼ } t~~ ~~~ l~ ~~ ~~=88 82~~P3t-~ fa~ f 8, ~~=e8: :t: s2g 86 HJ g1~~~ ~~~ ~t½t: gg:g,t: ~g:i~ 8 4 86¼ 4 88 4 85¼ 4 87¼ 4 86 4 SR¼ 4 85½ 4 89¼ 4 85¼ 4 90 Jligh4 ~ , 4 ~ 4 84¼ 4 ~ 4 s:; 4 8-i 48!¼486~ 4&1¾488 482¼486 t.ow.480¾484¼ 481¾485½ 481½485¼ 485 487½ 481 486 4 88 481 4 86¼ 4 83 485 481 4 88 4 82¾ 4 88½ 4 82¼ 4 S8 485¾480 485¼47~4ti4 1~91 . l>ay J J nuu»ry. Mon •. 60 d. Sight. 1. .... Holiday. 2 • ... . 80-0¼ 4 85 s ..... 80-0½ 4 85 8 L::s1n-2 85¼-6 6 .... 8~-3 Stl-6~ 7 ... . 82¼-8 813-6½ 8 .•••. 83-3¼ 86¼-7 9 ..• •· 83-3½ 86~-7 10 •.••• 83-3,½ 86½•7 8. 11... . 12 ... 83-3½ 86¾-7 13 .... . 83 -4 811½-7 of ½t::: jtittt Bl~ lfl . .. Sli½-6 88-9 17 .... 85¼-6 88-9 S. 18..... 19 .... 85-5¼ 88-8¼ Murch. l<'ebruary. 60 d. Sil{ht. 60 d. Sight. S. S. 4 86 88¾-9 85¼---6 4 ss 4 86 4 811 85¾-fl 4 88 ~~j!~ 85½-6 4 88 :gg 4 86 4 86 26 . . ... 4 Z'l ...• . 4 28 . .. 4 29 . . .. 4 85-8 88-8¼ 8'>-6 88-R¾ 85-6 88-fl½ 85---6 8-°-'3½ 4 89 4 89 ! Hlgh.4 81\ 4 89 4 85 rs~ ! 85½-6 8~-9 485-¾ 48fl .½ 485-n 489-¾ 8. 4115-4' 4RI}-,½ 84,½-5 48 -¾ 84~-5 48°-¾ ~ittJ t~g~ !~ :ii~ !~t~t~-3 ! ii ! it~ ::.::: :::::: a~~!~i W:::::~1!t Ra.nge- Low .. 4 80 ~~¾l~i' !~t~gg 4 85½ 4 89 486-½ 4 90 ~~~~-~~ .. 4 89½ 4 7 4 88}g 4 8tl 4 87 4 89 4 85¼ 4 88 4 f-7 4 86 February. 60 d. Sl1i;rht. 85-5¾ 7-7¼ 4 85¼ 4 87¾ 4 85¼ 4 87¼ 85½~6 87¼-b 85¼-6 87¼-8 March. 60 d. Sight. 6- ¼ 88¾-9 86- 7' 4 88¼ 4 86¼ 4 &¼ 4 6¼ 4 88½ 4 86½ 4 88¼ 4 90 4 89 Hol~~ay. 4 86½ 4 90 41:!l 4 8d 4.½n½ 487-~ Septemb'r. October. Novemller. December. 60 d. Sight. 60 d. Sight. 60 d. Sight. 60 d. Smht. -5 81½-2 S. 82½-3 4 85½ 4 81 4 81 81-¾ 84¼-5 4 82 4 4 8'i 4 85¼---6 4 81 4 81 Holiday. 4 82 4 85 4 83 4 85Jg-6 80½-1 4 St Mt~8~~~l~~ 186 SO¾-t8484 S. 81-¾ 84½-5 80¼-l 4 84 S. 4 81-5 4 86-7 81-.½ 84¼-5 82-2½ -le 85 81-4¼ Sfl-6¼ Holiday. S0-0¼ 4 84 82-2½ 4 85 s. 81-4.½ 86-6¼ 4 83 4 86 80-0½ 4 84 4 81 85½---6 80-0½ 4 84 80.½-1½ 84-5 8~2¼ 4 85 s. 84-4¼ 81-6½ 4 88 85¼-6 80-0,½ 4 84. 80½-l¾ 84-5 82¼-a 85-5,½ 80¼-1¼84-¼ 4 83 85-5.½ S. 84-4~ SR-6½ 82½-8 85-½ 81--¾ 4 84¼ 4 83 85-5¼ 84~-5 86½-7 1:!2,½-3 85-½ 80-0¼ 4 84 S. 4 80,½ 4 84 81-¼ 4 84¼ S. 84c -5 86,½-7 84 sl-¼ s~ ~ ~~q~ ~-5~ ~~~- 3 8~~~ g~~~ ~5 l t!2-~ 84,½-5 81-1½ 84½-5 4 81-¼ 4 81¼ 4 ~ 4 ~ S. S4¼-5 86¼-7 82-¼ Si½;-5 81-1½ 84½-5 4 81-¾ 4 84½ 4 84 4 811 81¼-2 84¼.:.5 83,½-4 85~-6 S. 4 8l¼ 4 8ii¼ Sl½-2 84-½ 4 84~ 4 86½ 81,½-2 84.-¼ 81-1¼ 84-4½ 81½·2 4 85 83½-4 85,½-6 13 s3-¼s.85-x. ~- 4s1-2s.8i--¾~tU~~t::~~i~:~ 82t3 85-¾ S. 84.½-5 4 87 4 81-¼ 84-¼ 81½-:& 4 8H11 ~J~¼ 4½5½ 487-½ S. 4½5½ 87-¼ 84¼-5 1'7-½ 4¾-5¼ 87-½ 4 84i:i s1 l g1-¼ 84-½ 86½-7 4 81 4 4 8-!-¼ Sri¼ 4 81 4 S. 4 84-½ 86¾ 83¼-85¼6-¾ 4 81 4 8 i-¾85½---6½ 4 81 4 August. July 60 d . Sight. 60 d. Sight. 4 86¼ 48~¾ 4 85-½ tl7-¼ s. 48fl-¼ 488-¼ 486-;f 488-¼ 4 85-¼ 87-¼ June. \Lay. oo ~i..,S igh t. 60 d. Sight. 486 no 4 9 0 4 5¼, 4 81¼ 4 85¾ 4 89¼ 486-¼ 4 90 4 85j ·181l¼ s. S. 85-5~ 8~-8½ s. s. 85-5¾ 8-<-8¼ 4 86 88-8¼ 4 86 4 89 4 8-'>~ 4 88¼; 4 86 88-8,½ 4 86 4 89 8-'>J.q-{) 8~¼-ll 4 S6 4 89 86½-7 4 89 S.'>½-6 So~-9 4 86 4 80 Sfl½-7 4 89 1:!5¾---6 S~ni-9 4 86 4 89 SR~-7 4 89 4 86 86 1 89 ~~~ 4 t°if9-¾ 4 86 8 4 89 s~ SP ¼· s~ 4 86-7 88¼-9 86-6¾ 4 89 86-6¼ 4 89¼ 4 84¼ 4 89 86-tS½ 4 89 86-6¾ 4 89 S. 4 86 4 89~6 86-6½ 88¼-9 4 86½ 4 89 4 SR½ 4 89 s:«1-6~ SR½-9 86½-7 89-9¼ 4 86 4 89½ 4 84¼ 4 89 484-½ Sd½-A 4 86½ 4 89 S. 86-6~ 88½-9 4 87 4 89¼ 89 486 ¼l !~~ 4 86 4 89½ 484-¼ 488-½ 86¾-7 4 89 S. S. 48 4-½8~s8-¼ ~~:~ to~~¼ g~ l ~~ s~t~-9 86-6½ 88½-9 4 87 4 8Q½ 4 86 4 89¼ 8~½-5 4 8~ 8>\¼-7 489-½ 84½-5 88½-ll 4 S7 4 Sil½ S. Sll-6½ ~¾-D 4 86¼ 4 89 4 87 4 89½ 4 8~ 4 89~ 4 1<5 4 811 4 d6 88½-9 4 8fl½ 4 89 S. 4 86 9¼-M 85-5½ '9-9½ 4 86 88¾-9 4 86½ 4 8\1 4 86 9¾-90 85-5¼ 89-9½ 87-7½ 4 8~ s. ..... . ..... 85¼-6 4 88 ri:·.:•~g~~g~ ro-1"~~=~ ! .~l½S.~~t:J ~:.:: 25. . . 22 . ... . 85-5¼ 4 8S !~~ April. 6J d. Sight. 4 86¾ 4 89 86½-7 39-1:1¼ 81%-7 89-9¼ 7 S!S½- 8~11-!l½ 86¼-7 89-9¼ 4 87 4 89½ 4 87 4 8~s 4 87 4 8" 4 87 4 !lll 4 87 4 89 S. 86½-7 4 81l¼ HoJ~ay. 486-~ 488-.½ 85½-ts 87½-8 85¾---6 4 87~ 85¼-6 87½ 8 85¾-ff 87¼-8 85¼-61:!7,½-8 B. S.'>½-8 87½-9 r~t 21~~ : 4,½5¼ 487-¼ 4½o¼ 4tj7-¼ 4¼5½ 487-¼ S. !~~m~ tm~ ~~::~.8: ... ~=~!~t~ ftt: tt:=g!~ :gg ~:~1 ~f g!~:5~ 1 t~:g U~~ ~~g ~:~ ga~jS.~!~:i !4 ~U~ .8~--½ 81¼ 84¼-5 Holiday. 81 83-½ 85-6½~-~:.. 4 87¼ 4 89½ 4 8-3¼ 4 88¼ 4 85½ 4 87½ 4 83 4 SJ 4. 85 4 81 4 843' 4 87 4 85 4 8'3 81 8i 84 Holiday. 81¼-2 84¼-5 Hollda_X_. S. 4 Sf¼ 4. 81¼ 4 81½ 4 85 81-1¼ 84¼-5 4 !:H¼ 84¼-5 82¼-3 85-5½ 8~-3 85-5¼ s. 81-1½ 4 85 ~-~~-JtH.ai~~i~.~~-~~~~i~~:g~;:m 4 86 4 84 4 82 4 80 4 85 4 84 4 82 4 85 4 80¼ 4 S4 4 84 4 36 4 81¼ 4 ti4¾ 1892. Day January. of Mon •. 60 d. Sight. 1. •. .• Holiday. 2 . .•.• 82½-3 85-¼ s. s..... 4 .. ... 82¼-3 8!>-5¼ l> ••••• 83-3¼ &>-5¼ t:::fs1~~~1 7 S5¾-tSs~ ¾-S 86 -½S88 -½ May. April. 60 d. Sight. 60 d. Sight. 4 87 4 9 4 83 4 89½ 4 87 4 89 87~-8 89-½ s. 4 87-¼ ! 89 87¼-8 89-¼ 4 87-~ 4 8,J 8~¼-8 89-¼ ~t~ r~:i g~~js. ~8:~ 86-tl3,i 88-8¾ S. 86---f.¼ ,1 86½ 88¾-u 8!Hl½ 4 86½ 4 8\J 86---6!,,i 4 86½ 4 89 S. 86---6½ 85½-6 4 86¾ 4 89 5 ~~ ½-6 S3-84 18 ..... 83-84 85¼-6 4 86½ 4 89 19 .••• 83-84 85¼-6 4 86¼ 4 89 20 . . • .4 84 4 86 4 86¾ 4 89 S. 21. . ••. 84-4¼ 86-6½ 22 ..... 4 84¾ 4 88¾ Holiday. 23 ..• 4 84½ 4 86¼ 4 86¼ 4 89 4 Sti½ 4 89 S. 24..... 25 . . •. 84¼-5 e6\.i;-7 Sii-0~ ~¼-9 26 . . ... 84,½-o 86¼-'? tl6-6½ 4 80 r, ..... 84~-5 86½-7 86-6½ 4 Sil S. 28 .... 8 -6 86¼-7 4 81 86-tS¼ 88¾ 9 29 ..... 4 .. ... ... ... 30 ..... 4 85 4 87 . .. . . . . . . . . . s. 81..... 10..... 12 ... 4 84 13 . . .. . 4 84 14 . .... 4 84 15 .•... 83-84 t~:. :: l l~w.:-85 4 R7 4 82½ 4 Se L11~ •. ! l ~g l r~ ! 4 81!½ 4 !'19 48• 4 7 ~1/ st~ !4 :88 8"'-½ Sil-¾ 88-¼ 8J-¼ 89-~ 8-l tl7½-8 4 811 S. 86 -½ 88 -¼ 89-n 4 96¼ 4 89¼ 86¼-7Jt88- 0 s1.i:i 83¾-9 8:1 S. 4 86½ 4 89½ 86½-7 88-¼ 87-8 b~¾ 9 89-¼ 86¼-7 88-½ 87-½ 8-l¼-9 88 8. 89-¼ 4 81\¼ 4 SB¼ 86,½-7 88-½ 87·½ Sd½-9 88 88-~ 89-¼ S. 4 86½ 4 88¼ 86½-7 88-}!a 86 7 88 ~¼ ~~~ ¼· s. -¼ 4 86½ 4 88 86¼-7 88-½ 87-½ 8 ½-9 88-½ 89-¼ 8. 4 87 4 8B½ 87-½ 8~½-9 4 86¼ 4 88 4 87 4 88¼ Si-¼ 88¼-9 4 88-½ 89-½ S. 86¼-7 t!S¼-9 4 87¾ 4 89 87-¼ 88¼-9 4 b8-¼ 89-¼ 4 &s.1,i 81:1-¼ S. 86¼-7 88¼-9 4 87½ 4 89 4 87 4 8\J 8i¼:.B 89-½ 87-¼ 4 8~ 87:li;-8~89-¼ 87-½ 4 88¼ 81¼-8 8w-~ 8. 4 87 4 89 4 87 4 89 87¼-8 89-¼ 87-li 4 88¼ 87Xi-8 Sil-½ S. 4 88 4 89½ 87-½ 4 88½ 4 87 4 8\1 4 88 4 b9½ l:!7-¼ 88.li-ll 87¼ 8 4 89 S. 4 118 4 89¼ 87-¼ 88¼-9 87¼-8 8A-¼ 4 R7 4 89 Si½ 8 89-½ S. 4 &:I 4 81)¼ 4 87 4 89 89-½ Holiday. 4 81:l 4 8i 4 89½ 4 87 ,l 89 .. . . . • . . . . . . . . . . . . . . . . . . 87¼-:q 89 4 87 4 89 8 ..... 83½-4 85¼-ti 85½-fl 87¼-8 Hfi -½ ~8-.½ 87-½ ~8½-9 C..•. 83½-4 85.x,-6 85½-R 87½-R 86 -½ 88 -½ 87-½ 88½-ll B'i¾-8 Bu-¼ 11 ..•• 4 84 July June. 60 d. Sight. 60 d. Sight. 87,½-8 4 81:1 4 88 4 89-½ Holiday. 87¼-8 4 81! 8. 7¼-9 4 81} Holiday, 87¼-8 4 89 4 !'!8 4 89-¼ S. 4 S'i 4 86 4 89 4 88 it~ ~f:~ ~:8 4 RS 4 S9¼ 4 88 4 87 4 86¾ 4 &:I 4 &:I a~~ 4. 811½ 4 o9¼ 8 87¼-'l ·s9-¾ 87¼-8 89-½ 87¼-8 89-½ 87¼-8 81:1-½ Si½-8 89-½ 7 8 S .½-Bs_ 1H2 87¼-8 89-¼ 87½-8 89-¼ 87¾-8 89-¼ 87¼-8 89-¾ 87¼-8 8\1-½ 87½-'l 89-½ S. 87¼-8 89-¼ 87¼-8 89-½ 87½-::! 89-¼ o7¼-8 89-¼ 87¼-8 89-½ 87¼-8 89-¼ s. August. Septemb' r. 60 d. Sight. 60 d. Sig~t. 87¼-8 89-½ 4 87¼ 88¼-9 87¼-8 89-¼ 4 87½ 4 gg 87¼-8 89-¼ 4 87¾ 4 89 8. 87¼-8 89-¼ 87¼-8 Sil-½ Holiday. 57 59 si .½-\_ ·¼ 87¼-8 4 89¼ 4 87½ 4 89 87¼-8 4 89 4 87½ 4 89 87¼-8 4 89 4 oi½ 4 89 s. 87¼-8 4 s9 87,½-8 4 81! 4 87,½ 4 89 87-½ 88¼-9 Si~-8 4 80 87-¼ SS½-9 S. 87¼-8 4 89 86¾-7½ ~9 a~~! g~ ft~ October. November 60 d. Sii;rht. 60 d. Sigh( 4 86¼ 4 88 83¾-4 4 87 87-¾ 4 81 S. 86-¾ 87¼-8 4 84¼ 87-¾ 88-½ 87¼-8 Bl-½ 87½-8 86-½ 87¾-8 84-¼ 8~¼-8 Decemoer. 60 d. Sigh:. SIS-½ 88¼-9 86-¾ ~½-9 8tS-¼ 88½-9 S. 86-¾ ~ 9 r~ 84-¼ 87¼-8 ~~ 8d-¾ 88¼-9 Holiday. 84-¼ 87-¼ 4 86¼ 4 89 85¼-R. 87-½ 84-¾ 4 87 4 86¼ 4 89 s. 85¼-6 87-¾ 4 84½ 4 87 Holiday. 4 84½ 4 87 4 8fl¼ 4 89 4 86½ "4 89 s. 8'>½-tS 87-½ !:15½-6 87-¼ 84¼-5 4 Bi 4 86½ 4 89 Sll½-6 87-½ 4 85 4 87¾ 4 86¼ 4 89 gg~ g~~=~ 86-¼ 87½-8 S l&½ r~-d: rut~ ~½:g 85¼-~- 87- ~~=~ ~~½:~ s. ¼ 4~5¼ 87 ½ 4 l:!5 4 8!:I s. 87~-8 J 89 86-¼ 88-9 Si¼-~ 4 Sw 86-7 7¼-8¾ 84 -5 86-¼ 4 85¼ 4 88 85¼~¼ 88-9 S. 87¾-8 4 t-9 86-½ 87¼-1:! 4 1-5 86¼~7 86-~ 88-½ 86-¾ 87¼-8 Holiday. 4 85¾ 4 88 S. 86-¾ 88-¾ 87½-8 4 89 86-¼ 87¼-8 4 8!-5 86¼ 4 65¼ 4 88 85¼-U 88-¾ 4 86¼ 4 88¼ s. 4 87-8 88¼-9 4 86½ 4 88 87-¼ 88¼-9 4 86~ 4 88 4 84-5 86¼-7 Holldax. 4 86¾ 4 88¼ S. 84¼-5 86¼-7 4 86 4 88½ S. 87-½ 88¾-9 87-¼ 88¼-9 4 86¼ 4 88 84-½ 86½-7 4 86 4 dB¼ Holiday_. 4 86½ 4 88!>9 S. 87-½ 88¼-9 4 86½ 4 88 4 84 86¼-7 4 86¼ 4 8S 83½-4 811¼-7 4 86 ,1 88¼ 86-¾ 88-½ S. 87-¼ 88¼-9 4 86¾ 4 88 83~,-il 86½-7 86-¼ 88¼~0 86-xi 88-¾ 86-¼ 88¾-9 86-¼ 4 ~ S. 87-J.9 88¼-0 4 86½ 4 88 87¾ 88¼-9 . . . . . . . ..... 83¼-4 86¼- 7 . • . . . . . • . .. . 86-¾ 4 ~ 4 9½ 4 8'l¼ 4 89¼ 4 88 4 89¼ 4 88 4 87¼ 4 89 4 87 4 Si½ 4 87¼ 4 89 4 89½ 4 87)i 4 89 4 86¼ 4 88 4 88¼ 4 86 4 87½ 4 83½ 4 86 4 86¾ 4 8\l 4 83¼ 4 87 4 87 4 89 4 85¾ 4 !:!8 U93. ~fY January. February. Mon ..60 d. Sight. 60 d. Sight. 4 86-7 88-¾ s. 1..... 2 ....• Holiday. 4 86-7 88-¼ 3 ••... 86--¾ 4 88½ 4 86-½ 88-¼ 4 . .... 86¾-74 ~ 4 86-½ 8 ~ 5 ..... 86¾-7 4 8B¼ 6 .... . 86¼-7 4 88,½ 7 •.. . 86½•7 4 88¾ S. 8..... 9 ..•• . 4 86¼ 4 8.~¼ 10 •••• .4 SIS¼ 4 881-4 11. .. . 86¼-7 &¼-9 12 . . . 86,½-7 88¾-9 13 .... . 86½-7 88l-,i-ll 14 . .... 86}9·7 88¼-ll S. 15..... lfl ... 4 87 4 89 17 ...• 4 87 489 rn:.:: :! ~~ ! ~ 4 89 4 89 S. 22. ... . 23 . . 4 ~7 4 ell 24 .... . 4 87 4 89 25. . 4 b7 4 81:1 20 . . •. 4 87 21. .. 4 87 8. 4 81\-¼ BS-½ 811¾-7 4 8 ➔¼ 811¼-7 s~¾-9 Sfl¼-7 88¼-9 ES¾-9 4 87 4 87 88¾-9 S. 87-½ 4 89 87-¼ 89-¼ 4 87¼ 89-¾ 4 87¼ fl~ ~ 87~ 89-¾ 4 87Jt 81!-½ 87-½ 89-¾ 87-3,; 89-¼ H.oliday. 87-½ 89-¼ 87-¾ 89-¼ 87-½ Sil·½ March. 60 d. Sight. 4 86¼ 88¼-9 4 ti½ 85¼-9 86¾-1 ~-9 86¼-7 88¾-l:I S. 4 86-7 4 88-9 85-6½ 87-8¼ 86-½ 88-¾ 86-¾ 88-½ 86-¼ 88-½ 86-¼ 89-½ S. 6-6¼ 7¼-8¾ 6-1!¾ 7¼-8¼ 6-6¼ 7½-~ 4 86 87¼-S 85¼-6 87½-8 86-¼s_88-½ 86-¼ 4 89 4 8~ https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis s~li~ 9~~~ ~~=~ l~c/19 88-½ 88-½ 9u-¼ 85½-6 4 90 S. 88-½ 90-¾ 88-¾ 88-¼ Uu-¼ 85¼-6 4 90 86½-7 d8¼-l:I 86·¼ 4 86 4 90 8. 86¼-7 88½-ll 88½•7 88¼-9 7¼-80½-90¼ 86-½ 4 00 86¾•7 88¼·9 6½•7~ l:!9-¼ 86-½ 90-½ 86 7 8 " ~~-9¼ ~t~ o7-~hl9-¼ 487 489 June. 60 d. Sight. 90-¼ 4 87 4 87-¼ IJO-¼ 4 87-½ 90-½ S. 4 87-8 90-½ 4 87-8 4 90 6½-7¾ 89-90 86¼-7 88½-l:I 4 86-¼ 88-¾ 4 86-¾ 8S-½ 8. 4 86-½ 88-¼ ! 86 4 88 4 86 4 88 85-86¼ 87-8 84¼-6ti¼-7¼ 81¾-5¼ 6¼-7 84-5~- 86-7 4 bS-84 85-6 82¼-4 84½-6 3¼t¾ 5¼6½ 484-5 4 86-7 4 84-5 4 86-7 S. July 60 d. Sight. 4 82-3 4 84-5 S. 4 82-3 4 84-5 Holiday, 4 83-4 4 85-6 83½-4 85½-6 4 83-4 4 85-6 83,½-4 85¼-6 S. 4 83-4 4 S:i-6 2¼~½ 4¼5¼ 82¼-3 84½-5 82¾-3 84½-5 82½-3 84¾-5 82,½-S 84,½-5 S. 82½-3 84½-5 gr·~=~ 2½1½ 4¼5½ 83-¼ 8:'i-¼ 83-¼ 86-¼ S. 83-¼ 85-½ 83-~ 85-¼ ~!~g August. 60 d. Sight. 81-2 83½-4¼ 80¼-2 83-4¼ 84-5 81-¼ SL-¼ 84½-5 81-¼ 84½-5 S. 1¼2½4¼--6½ 82-8 85¼-7½ 2½-4½ 6¼-ll 83-4½8½-l:I¼ 2¼4¼ Bi½-9 Septemb'r. 60 d. Sight. 82½-3 87-¾ 82¼-3 87-¼ Holiday. S. 82½-3 87-¼ 87-½ 83-4 88.½-4 87-½ tlS-½86½-7½ 83-½86½-7¾ S. R-4 86¼7¼ 83-½ 86-7 83-¼ St!-½ tl:~-½8~½-6¼ 83-¾Sa½-6¼ SS-½85¼-6¼ October. November. necemoer. 60 d. Sight. 60 d. Sight. eo d. Sight 81¼-2 84¼..5 4 84¾ 87-¼ s. 84-5½ SR-7¼ 81½-2 84¼-5 84-¼ 87-,½ S. 83½-5 85¼-7 81¼-2 Si¼,-5 3¾-4¼5¼6¼ 81½-21:!4,½..5 4½-5 6¼-73' 84¼-5¼ 87-8 S. S3¾-4 85~-tl S.1½-4 85¼-6 82-½ 4 85 85-,½ 87¾-8 83¼-4 85¼-6 Holiday. 85-¾ 87½8¼ 82-½ 84½-5 l:!5,½-d 88-¼ S. 4 83-4 85-6 81½-.!¼4¼-5 85¼-6 81:!-¼ S. 83½-i 85½-6 B~¾ 4 85 82-¼ 4 85 85¼-6 88-¾ 4 84 4 86 85½-ll 88-¾ S. 4 84 4 8tt 4 84 4 86 82-½ 85 -½ 4 85-6 88-¼ 4 84 4 86 82½-3 85-¾ 4 85-6 88-¼ 82¼-8 85½ 4 85-6 88-¼ S. 4 Si 4 86 83-¼ 8 °¼-6 4 85-tt 88-½ s. 83¼-4 8:5½-8 83¾-4 86-¼ 83½-4s.86-¾ ~'5~~ 4~ : 83-¼ 85-½ 88~-4 86-¼ 4 85¼ 4 88 8:1-¼ 85-½ 88½-4 >lR-½ 4 85¼ 4 88 68¼-4 811-¼ 85-¼ 87½-8 S. 2¾-3¼4¾-5½ 84-¼ 86¼-7 85-¾ 87¾-8 s. 82½-3 84½-!\ 83~-4½ 6½-7 81¼-3 84-5 83½-4~6½-7 Holiday. 2¾4¼ 87½-9 S. 4 82-3 487-8 2¼311i 7~8½ 82-3 87-¼ s. 82¼-8½ 87-8 ~88~5Jisg¼ g~~j 4 88½ 4 867' S. 8½-4¼~8¼-9 83½-4½6½1 83-4½ 88-0¼ Si½-5 87-½ 82¼-4 87¼~9 84~-5 87-¼ s. 83-½ 88-¼ 82-3~ 87-8¼ 85-6½ 87¼-9 1 82 3 -8¼ • 4 81 8 8 Z,ri~~ t=!: ~:g 4 ~5j½8J~j l~t~ gi:~88¾-4½R¼-7sr.~~~j l ~~-a ~~1 ~g:~ ~:~:a!~:: 1 54 5 2 • t~~63f~ t~:g ~;~ -\. g~~ l~s ~~l~ ~~:g ~ti ! stt ~ ~.: 1 ¼ oo. 86-½s. ~giz ~~~ ! i~ ! ~g 8~-S 87-¼ 84¼-6 86¼-8 81,½-2 84¼-5 Holiday. 84¼-5 87-¼ S. Holiday. 4 8~-3 4 84-5 S. ~: . ::·~'U-1ts~-9 0 1 ~: . :: . b6¼· s~½- ~~--: ~~~:~ 30 ..... 86~-7 88½-9 . . . . . . ..... 4 87 ,l 89 Holiday. 31. ... . 4 86-7 4 SS-9 . . . . . . . . . . • . l1~if.ts7 Low .. 4 86 May. 60 d. Sight. 86½-7 4 89 Sd½-7 4 89½ 86½-7 4 9,½ 86-½ 89-¼ 5½-6½88-9½ 85¼-6 88¼-9 S. 4 S6 4 89 5½-6½ ¼-ll¼ 95¼-6 8"9-¼ 85¾-6 9¼-90 4 86 4 IJO 4 86 4 90 S. 4 86 4 IJO 4 86 4 90 S. 90-½ 87·¾ 89-¼ 4 86 April. 60 d. Sight. 4 87 4 89 S. 4 87 4 89 4 87 4 89 4 87 4 811 4 87 4 89 4 87 4 89 4 87 4 89 S. i 87 4 89 4 87 4 8\l 4 87 4 89 4 87 4 89 4 87 4 89 4 87 4 89 4 87¼ 4 s9¼ 4 7 4 s9 4 85¾ 4 87 4 86 4 . .. .• . . ..... S6¼-7 90-½ .. •. •• . . . ... 81-2½ 3¼-4¼ 82¼-3 87-½ . . . . . . . ..... 81,½-2 84 ¼-5 . . .. . • 4 fl8½ 4 90¼ 4 87 4 90½ 4 ss 4 sz 4 86 4 88Ji 4 85¼ 4 88 4 90¼ 4 s4 4 81 4 84 ™~ 4s ~?~' 4 84¼ 81 4 8 4 s5½ 4 , 84¼ 4 89½ 4 86¼ 4 s9 4 s>i 4 82½ 4 85¾ 4 8 1 4 os 4 83¾ 4 SQ¼ 4 83 1L 4 711 4 -.no 4 vs 8. 4 • ~ 8~ F OREIG Day of Janu ary. Mon. 60 d. Sight. 1. ... H o liday. 2 . . .. . 484-5t!½·7½ 8 .. ... 4 84-5 6~-7~ February. 60 d. Sight . 4 85½-6 488 486¼-6488 4 b5}!i-6 4 88 March. April. 60 d. Sight. 60 d . Sight 4 87½ 89-½ 8. · 487½ 89-½ 487½48g 4 87½ 8~¼ 4b7½·8 89-¼ L : :atg~~:7 6 . . .. . 4 84-5 86.!-2-7 7. . . . S. 8 .• . .. 4 ~5 4 87 485½~6488 4 85 ½; -6 4 8d 4 85¼-6 4 88 4 85-6 87½-8 487¾~881!-½ 4 7½-9 89-½ 4 87½-8 Sil-½ 4 88 4 89½; 4 87½-8 89-½ 4 8::1 4 89¼ S. 8 !185-1:187½-9 4 85¼-6 4 sa 4 85¼-6 4 88 4 86-½ 88-½ 4 86 ½ 88-¼ 4 86 !1 88 4 88 4 88 4 88 4 88 4 89 8:::: J,t51s~~~ 1 11 ... . 85¼-6 87½-8 12. . 85¼-6 87¼-8 18 .. .. s;,½-R Si¼-8 14 . . . .. S. 15 . .. . . 85½-6 87¾-8 16. . ! 86 4 88 20 .. .. 85!,6-6 87½-8 86½-7 88½-ll 21. . . . s. 86xi-7 88½-9 22 . . . . 85½-6 87¼-8 1Ioli<1ay. 28 . . . 85~-6 87½-~ 4 87-½ 89-¼ 4 87-l 89-½ 26 .. . .. 48 ~¼-6488 487-½ 89-¼ 4 88 4 85 ½s~ 29 . . .. 4 85-6 87½-8 80 .... . 85½-fl 87½-8 81.. . .. 85½-6 4 88 RangeHigh .4 86 4 89 4 87½ 4 89¼ L ow . . 4 84 4 86¾ 4 85 4 87½ ~t: ..! J:g~t1 ~t::: Day of January. .Mon .. 60 d . Sight. 1. . . .. H oliday. 2 ... •4 88½ 4 89½ 8 .•. . . 4 SS½ 4 89¼ 4 .. .. . 4 bS½ 4 811½ 5 . .... 4 88½ 4 89½) 6.. .. . S. 7 . . . . 4 88½ -! 89¼ 8 . ••. . 41:18¼ 4 89¼ 9 .. •. . 4 88½ 4 89½ 10 .... . 88½-1:1 9½-IIO 11.. . . l-'8½-9 9¼-90 12 . .. 81:1½-9 9}2-90 18... . . 8. 14 .. .. . 88½-9 9!,6-IJO 15 . . ... 8 ½-9 9¼-IJO 16 . . . 88~-9 ll½-90 17 .... ! 89 4 90 18 . ... .4 89 4 oo 19 . .. .4 89 4 90 20. . . 8. 21. . . 4 89 4 90 22 . ... .4 89 4 90 28 . . . 4 89 4 110 24 .... . !l 89 4 90 25 . . . . 4 89 4 40 26 ..... 4 89 4 90 27 . .... S. 28 . .. 4 89-½ 90-¼ 29 ... . 4 89-½ 110-¼ 80 ..... 4 89-½ 90-¼ 8:fia:og~9-½ 90-J.6 4 89½ 4 89!-6 4 89½ 4 89½ 4 89½ 89 s~ ¼ 4 88 4 89½ 4 88 4 89½ 4 88 4 89½ 4 88 4 89¼ 4 S'l 4 89½ 4 88 89¼ 487J,6-88A-½ 4 88 4 88 4 8~ 4 88 4 89½ 4 811½ 4 89½ 8. 4 89¼ 45 May. June. July. Augu st. 60 d. Sight. 60 d. Sight. 60 d. Sight. 6() d. Sight. 88-½ 89¼-90 88--¼ 89½-90 8. 488-¼489-¼ 88-½89½-90 88--½89½-8J87½-8½81l-½488-½489-½ SB-½ !;9½-90 S. 87½-88 Sil-½ 488-¼4 89-½ 488 89 87~?~~dttJ\~ -½ s. 88-½ 89½-90 87½-8!:i 89-¼ 4 Rfl-¼ 4 89-¼ 8'!-¼ 89½-90 S'l-¼ 89½-90 87½,-88 89-¼ 4 8 'l-¼ 4 ll9-¼ 8'l-¼ 89½ -90 88-½ ll¼-90 8. 4 88-¼ 4 8 '·¼ ~~ ~~~:ig 88 -½ ~~½·9 J ~t~ 88--½ 89½-90 88-~6 89¼ 90 87½-e!S 89-½ 87½-8 8879-IJ 89-½ 8!!½-90 88-½ 81!¼-110 87½- S H9-½ 8. s. i;s ¼ 89½ -90 87½-8 ~ 89-¼ 87½-S SS¼-9 88-½ 89½-90 88-~ 8il½-9LI 87½-88 89-;½ 4 87½ 88½-9 8-i-½ 81l½-IIO 88-½ R9½-IIO S. 487-½488-½ 88-~ 89¼-90 88-½ 89}2-90 4c 87½-8 4 89 86½-7½88-¼ 1m::~~t~ ~=~~~trn ~t~~~~:t8 ! ~j8.~~~:~ ! ~ s.! ~i~ !4 ~~~:~ t~ 88 4 89½ ½i:::: _gg~:gg~~1 -l BB-½ 19 .... 85½-fl 87½-8 86½-7 H8J.i;-9 GE. ·1/ g1~:~ Se ptemb'r. October. Nov ember . 60 d. Sight. 60 d. Sight. 60 d . Sight. 4 Sd-7 87½-8 4 86-¼ 87-½ 4 87½ 4 88½ s. 86-½87-½487½488½ Holiday. H,li-¼ 87--½ 4 87¼ 4 &s½ ~ H~~~~ s~ u~:H,iu~ 5 7 tf~j(IJ~ 44 85id 4 87 ! it~ it~ ! ~~~ ! ~~ 4 89- l89-90 85¼-6 4 87 !1 87½ 4 88½ s. 88½-9 9½-90 1 4 89½ 8. 88-~ 8IH1?-IIO 4 81!¼ 88-½ 89¾-110 88-½ 89½-90 S. &-½ Srll,f-90 88-½ d9!,6-90 4 88 4 89½ l-8-¼ 89½-90 88-¼ 811½-90 ~ ~~~ 88-¼ i9½-90 481:1 4 89!,6 88-½89½-90 83-¼89¼-110 9 88-½ ~9¼-90 ~~~ s1:ig 4 87½-8 811-½ S. 88-¼ 89½-90 7½-8½ 89-90 48i¾-8 89-½ 4 88 4 89½ Holiday. 7½-8½ 8 z1-90 4 87¼-8 89-¼ 88-½ 89½-90 i ! gt~ ~g~ro ! ~+~: ~t~ ! ~~ ~~~ ! ~ a~~ l 4h7¼- ~ 4 811 4 87¼-8 4 811 S. 487½-8 99-½ 4 85¼-6 4 87 4 85¼-6 4 s1 85~-lj½ 8 ;.¼ 4 86-½ 87-½ . s. 4 8 ½ 4 8-% 4 87½ 4 88½ S. Si ½-8 88½-9 87M-8 88Jtll 4 87--½ 88-½ " 87-½ 88-½ 4 87-¼ 88-½ 4 87-¾ Sd-½ 4 8 7--½ 88-¼ 4 87 ~8¼-& ~.s,-½ 87,½--8 S-,½-9 4 87-~ 88-¼ 87¼-8 86½-9 4 87--½ 1-18-½ s. 4 67-½ 8 9-½ 4 87¼ 4 88½ 4 87--½ 88--½ 87¼-8 88¼-ll 86¼-7½88-¼ ~~=~ 86¼-7~88-½ 87½-888!,6-9 86½-7¼8~ 9 6 87 ¼-\~½- ~ 87¼-8 88¼-9 H oliday. 87¼-8 88½-9 87-¾ 83½-9 4 87¼ 4 ~ ½ _ 4 88 4 89 4 87¼ 4 SP 4 86 4 87 4 86¼ 4 88 86½-7 87½-8 85½-fl½&7-½ 86½-7 87½-'l 85½-6½87-½ 86¼-7 87¼-8 85½-6½ 87-¼ 86½-7 87¼-8 S. :~J~:g ~~ ~~=a~:~ :~~m:~ gHt~ 4M7½-8H11-J.ii 8. 486-¼487½ mt::~~~ ! ~t-~ ~Jtt~ ! ~~: ~t~ 8. 4 86-7 87½-8 486-½ 4 87-½ cl 88-8¼ Sil-¼ 4 86-7 87½·8 S. 4 89-8¼ 89-½ 4 86-7 87½-8 4 88 4 89½ 4 8 4 89½ 4 88½ 4 90 4 88½ 4 90 4 87½ 4 89 4 87½ 4 811 4 88 4 89½ 4 87½ 4 89 rn~Ja~ 4 87i488½ 4 85-6 86½-7 86¼-7 87½-8 Holiday_. 87¼ -8 811-¼ 4 85½-6 4 87 8. 4 87½ 4 88½ 8i ¼-8 8 9-¼ 4 85¼-6 4 b7 86½-7 87½-8 4 87½ 4 8'l½ 87½·8 89-¼ !4 ~1<8 !4 89¼ stt! ~t¾ ~~~:t8 88--½ ~9½-00 ! ~~~:~ ! ~8 ~~~7 M~~ : ~t~ ~t~ i1~j 88-½ 89,½-90 8~-½ 89½-9,J 4 87½-8 4 89 8. 85¼-6¼87-½ 4 88 4 88 Decemoer. 60 d. Sig h ~ 487-½ 8 9½-9 :,. 4 87½ 8 'l½- ll 4 8 ½ 4 89½ 4 88½ 4 89½ 4 87 4 87½ 4 89 4 86 4 87½ 4 85 4~ 4 86½ 8 ~½-9 9!,6-90 B:l½-9 9¼-90 8'!½-9 9¼-90 88¾-119¼-90 s. f~~ ~~t~ 4 88)/4 4 89¼ 4 88¼ 4 89!,6 4 88½ 4 89~ 4 88½ 4 89¼ S. , ~ d!~¼ 488-¼ ~½ Jt..~ 8ss¼ :4 ~t: ~~t: 88-½ 89¼ S. 4 88-½ 89¾ 4 89 4 S7 4 90 4 88¾ 1895. February. 60 d. Sight . 4 88-9 9!,6-1,0 4 88-9 9}2-90 S. b7}!i-8½ 9-90 8 -IJ 89;½-90 87¾-8½ 9-½ 87¾ -8½ IJ-¼ 87½-8¼ 9-½ 87½-8½ 9-½ 8. 4 88 489-¾ 87!,6-88 b9-½ 87½-98 89-½ 87¼-8d 89-½ 87½-88 811-½ 87½-88 89-½ S. 87J.i;-88 811-xi 87½-88 89-½ 1-17½-89 l:!9-½ 87¼-88 89-½ Holiday. 87!,6-88 8U-½ S. 87¼-88 89¼ 87½-88 89½ 7½-8½9½-90 88-¼ 89½-90 March. 60 d . Sight. 88-½ !<9¼-1}0 88-½ Skl½-90 S. 88-½ 811¼-90 8 ➔ -¼ 89½-90 4 88½ 4 90 4 88½ 4 90 4 88½ 4 90 4 88½ 4 l!O 8. 4 89!,fi 4 90 4 88>114110 4 88½ 4 90 4 88½ 4 !:JO 4 88,!,6 !l 9J 4 8:l½ 4 90 8. 4 88¼ 4 90 4 88¼ 4 90 4 88½ 4 90 4 88½ 4 90 4 8·% 4 90 4 8~½ 4 90 ~88½-89 90½ 88¾-89 90¼ 88~-89 90-½ 89),6-89 90-½ 88!,6-89 90-½ 8:l½-89110-½ 8. Apr il. 60 d. S ight. 88½-9¼90-¼ b~•ll½l,0-½ 88½-9¼90-¼ 88½-9¼1!0-"9 Si½-9½ 90-¼ 88¼-9½90-½ S. 88½-9!,690-¼ 88,½-:IJ.§90-½ 88!1!-ll¼ 90-¾ 88¼-9½90-½ 8~½-9½ 90-¼ 88½-I!¾ 90-½ 8. 88½-9½ 90-¼ 88½-9¾90-½ 88½-9½ 99-½ 88¼-9½90-¼ 8:l½-9½90-½ 88¾-9½9 U-½ S. 88½-9½90-½ 88½-Q½ 9L-¼ 88X)-9!,690-¼ 88¼-9½ 90-½ 88¾-9½1l0-½ 88¼-9½90·¼ S~ -! 89--½ 90-¾ 4 89 90-¼ Ma y . 60 d. Sig ht. 88½-89 90-½ 88½-89 90-¼ SS½-89 90-½ 88!,6-89 90-½ S. 88--9 9½-90½ 8::l-811 ll½ -9U 87½-99 81:1-110 87-'i½S½-9¼ 4 1<7-iB 88-811 4 87-88 88 89 8. 6½ i¼ 7½8½ t1¼7½1 7¼8¼ 4 86¼-7 4 88 4 H6½-7 4 8-:l 4 86½-'7 4 88 4 86½-7 4 81:l 8. 4 87-88 88-89 4 87-1:lS 8::!-811 87¼-8 88½-9 87½-8 88½-9 87¼,8 88½-9 87½-8 8:i½-9 s. 87½-8 88¼-9 87,½-8 88½-9 87¼-8 88½-9 lfoliday. 7),fb½ 8½11½ Jun e . July. August. 60 d. Sight. 60 d. Sight. 6() d. Sight. 4 88--½ 89-¼ 4 811-~ 90-½ 11½-90 9()1/4-l ::!. 4 89-½ 110-¼ 4 10 4 91 4 98-9 81J-90 4 89-½ 90-½ 4 90 !1 91 89½-9 9½ -110 Holiday. s. 8¼-&½ 9½-90 4 89-¼ 90-½ !1 91 4 91 Sil,n-11 9½-90 4 89-½ 90-½ 4 90 4 91 4 811 4 00 . 4 IIO 4 91 4 89 4 90 4 89-½ 90-½ 4 90 4 111 8. 4 89-¼ 00-xi 4 90 4 91 4 89 !1 9v 4 89-½ 90-½ 4 90 4 91 4 8'l 4 90 4 89¼ 90¼ 4 Sil 4 80 9½-110 90½-1 4 90 4 91 4 8il 4 90 9½-90 90;¼-l 4 90 4 91 4 811 4 90 8. 4 90 ,i 91 4 89 4 90 9½-90 90½-l 4 90 4 91 . ll½-IJO 110¼-1 4 90 4 91 4 89-½ PO-~ ll½-90 90½-t 4 90 4 91 4 89-¼ 90-¼ 9½-90 1,0½-l 8. 4 SIH~ ilO-¼ 9,½;-90 110½-l 4 90 4 91 4 89-½ 90-½ 9½-90 90½-l 4 90 4 91 4 Bil-½ 90-½ S. 9½-90 9@!,fi-1 4 89-¼ llO-½ 9½ -90 90¼·1 9½-90 90¼-1 8. lll,6-90 90½-1 9½-90 ll0¼-1 4 89-~ 90-~ 9~-90 U0½-1 9!,6-90 90¼·1 4 89-¼ \10->ti 9½-" 0 90¼-l S. 4 811-¼ 90-½ 9~-90 00½-i 4 89-00 90-91 4 811-¼ 00-½ 9½-110 IJOJ,6-1 4 89-½ 90-~ 4 89-½ 90-½ 8. 4 89-½ IJO4 89-½ 90-½ 9½-90 90½-l 4 59-90 UO-IJ 9½-90 90½-l 4 89-90 90-IH 9¼-90 90½-l 4.89-90 90-91 s-. Htgh.489½490½ 489 490 489 490¼ 4 8'.1½490½ 489 490½ 4 89½4.90¼ 4PO Low . . 4 88½ 4 8&½ 4 87½ 4 89 4 88 4 89½ 4 88½ 4 IJO 4 86¾ 4 87½ 4 88 4 89 4 89 t Quotations on these days were 4 89½@4 90½. 491 4 90 490 4 89 491 4 90 8eptemb'r. 60 d. Sight. 8. Holiday. 4 89-91} 90-91 4 H9-IIO 110-91 4 89-110 90-IJl 4 89-90 90-111 4 89-9(1 90-111 S. 4 811-90 90-lll 4 89-90 90-91 4 8,/.\10 90-91 4 89-90 9,l-91 4 811-90 90-91 4 09-90 110-1!1 S. 4 8'.l-½ 90-¼ 4 89-½ 90-½ 4 89-¼ 90-½ 8½-9¼ t 8½-9~ t 8½-9¼ t . S. 8¼-9¼ + 8½-\1:XJ t 11½-9 89½-91 4 88-89 89-90 4 88-89 89-90 4 88-89 89·90 8. !1 89-¼ 89-½ October. 60 d . Sight. 87½-R½S½-9 4 87-8:l 88-89 4 87-88 88-b9 4 87-88 88-89 4 87-88 88-89 S. 4 87--½ 88--½ 4 87-½ 8.,__½ 4 87--½ S J-½ 4 87-½ 81:)-¼ 4 8 ·-¼ 8"-½ 4 87-½ 88--½ S. 4 Si -¼ 88--½ 87½-8 88:!,ii-ll 7½-8¾8~9¼ 4 88-!i 89-¼ 4 88-½ 1-9--½ 4 68--½ 89-.¼ S. 7¼-8¼8½9½ 7¼-8½8~9½ 7,½-8¼8½ 9¼ 4 88-½ 81!-½ 4 88-½ 89--½ 4 88--½ 89-½ 8. 4 88-½ 89-x, 4 8,-½ 89--½ 4. 88-½ Sil-¼ 4 88--½ 89- ½ 490 4 88 48q½489¼ 488½4PO 4 87 4 8 4 ~ 4 9J 491 4 89 No vember. 60 d . Sight. 4 8~½ 4 89½ 4 88½ 4 89½ S. 4 88¼ 4 89½ Holiday. 4 88¼ 9½-90 4 88~ 9;½-9 0 4 8 ◄¼ 11).6-90 4 88½ 9¾-90 8. 4 88½ 4 90 4 li>j¼ 4 90 4 8:ll,6 4 90 4 8'i¼ 4 IJO 4 68½ 4 llO 4 b8½ 4 90 S 4 88½ 4 90 4 ~8¼ 4 90 4 88½ 4 9C 4 86½ 4 90 4 89½ 4 90 4 88½:4 90 S 418 4 90 4 88 4 90 4 4 90 Holiday. 4 8~½ 4 110 4 88½ 4 90 D e cemoer . 60 d. Sig ,1 • s. 4 88½ 4 90 4 88¼ 4 90 4 88¼ 4110 4 88½-9 4 90 , 4 8,J,6- 9 4 90 4 88,!i-9 ,l 90 8. 89½-9 9~-90 89 \t -9 9½-90 4 88,¼ 9¾-90 4 8 :3¼ 9!,6-90 4 S~xi 9!,6-90 !1 8;½ 9½-90 8. 88-½ 89,½-90 88-¼ 89,¼-l'O bS-½ 89½-90 4 88~ 4110 4 88¼ 90-¼ 4 88½ 90- ~ S. 4 88½ 90-¼ 88½-9¼ \10-1 K olida y 8½-9½90~·-1 8½-9½90½-1 8¼-11~90½-1 8 88½-9 9¼-91 88½-9 90-tn 489½ 491 4 ::i8 4 89¼ 1896. ~1Y January. Mon ..60 d . Sight. 1. .... H o liday. 2 . .. . 88½ ·89 90-½ S ... .. 8 ·½-89 90-¼ 4 ..... 88½-89 90-¼ 5.. . .. S. 6 ... 88½-89 90-¼ 7 . . . . 8'%-89 UO-½ 8 .. . .. 88--9 9½-90½ 9 .... 8-9 89¼-00½ 10 ..... 8-11 89½-90½ 11 •... 8-9 89~-90½ 12 . . •. S. 18 .. ... 88-¼ 89!,6-110 14 ... . . Sl'l-¼ 89¼-110 Ui ... . . 88-~ S!J½-90 l& .... 68-¼ 89½-90 17 . . •• 88 ½ 89¼-00 18 .... .88-½ 89½-90 19. . . . S. 20 . . . .4 881,6 4 90 21. . . 4 88½ 4 90 22 •.. . . 88-½ 89½-90 28. 88-½ 81)!,6-90 24 .... . 88½ 89¼-90 25 . . . . 88½ 89½-90 26.. . .. S. 27 . ... . 88-¼ 89~-90 28 . . •. 7½-8½ 8IJ-90 29 .... . 7¼-8½ 89-90 80 .. . .. 7½-8½ 89-90 Sl.. . . . Sb-½ 89½-90 February. 60 d . Sight. 88-½ 89¼-90 s. 87-8½ 8½-90 87-6½ 8½-90 87-8 88½-9½ 87-8 b8½-9½ 87½-8 81!-9½ 87½-8 89-9~ 8. 87-8 88½-9½ 87-'! 88¼-9½ Holi<lay. 87-1:!d 88¼-89 is7--i~ 88½-89 87-88 88½-811 S. 8 7-J.ii 88¼- 11 87] 83),6-89 tt7- 8~-81! 87 88½-89 ti:-½ 81:l½-89 Holi<lay. 87-½ 87-½ 87-½ 87-½ 87-½ s. 88¾-811 &½-89 88½-89 88!,6-89 88!,6-99 March. 60 d. Sight. S. 87-88 88½-89 87½-8 88½-9 87½-8 88½-11 4 87½-8 4 89 4 87½-8 4 89 4 877'-8 4 89 S. !187½-8 4. 89 4 87½-8 4 811 i 87~-8 4 89 87¾-8 88½-9 87½-8 8'3½-9 87½-8 88½-9 8. 87¼-8 88¼-9 b7½-8 88½-9 4 81-8 88¼-9 4 87-8 88¼-9 4 87-8 88½-9 4 87-8 88),fi-9 8. 87½-8 88½-9 4 87½-t! 4 89 4 87½-8 4 89 4 88-¾ 89--½ 4 88-½ 89 -¼ 4 89-½ 89-½ S. !188-½ 89-½ 8::l½-911½-90 April. 60 d. Sight. 88½-i} 9¾-90 88½-9 9¾-00 88½-9 9½-90 88½-9 9¼-1!0 S. 88½-9 9¼-90 88½-9 9½-90 88½-9 9,¼-110 88½-:I 9,¼-90 88½-ll . 9½-90 88½-9 9½-90 s. 83¼-9 9¾-90 4 88-9 89-90 4 88½ 4 89¼ !l 88½ !1 89¼ 88½ 89,¼-110 8~½ 89¼-90 8. 4 8 ¾ ·9 89½ 88-8¼ 89-9½ 88-8½ 89-11!4 88-8½ 89-9¼ 88-8½ 89-9¾ 88-8¼ 89-9½ . S. 4 88¼ !l 89½ 4 88½ 4 81!½ 88~-9 9½-90 88½-9 9½-90 _ :i:i~:a9 4 90¼ 4 88½ 4 90 4 89 4 90 4 89 Low .. 4 87½ 4 8& 4 tj7 4 88½ 4 87 4 88½ !1 88 .. + Quotations on these days were 4 81¼@4 85¼. Day of January. JI'.,.~~~~Mon •.60 d . Sight. 60 d. Sight . l..... H olida y. 4 85-6 87*8 2 ... . •84-04½ 87-88 85-5¼ 87¼-"i 5 L ::84-s4~·s7-88 5 .••.. 84-4½ 87-7¼ 4 85½ 4 87½ 435 91 ¼l ½ . . ••. 84¼-5 87¼-8 4 85¼ 4 87½ 9 .. . •. 84½-5 87½-8 4 85¼ 4 87½ LO.... . 8. 4 So¼ 4 87½ 11 •.. A¼-5½7½8¼ 4 So½ 4 87¼ s. 8 -Sa 9½-90 88--8 9¼-90 88-8 9!,6-90 88-8¼ 9½-90 88-8½ 9¾-90 Holiday. 8. 4 89 4 88 l~ ~:~~ 86-6½ 88-8¼ 86½-7 88-8½ !l 87 86-½87½-8¼ 86-¼87~-~ 86-:¼ 87½-Sli 80½-6 87¼-8 86-½87!,,i-8½ 80¼-6 87½ 8 86-Xa87½-8¼ 8. 8. Holiday. 86-½87¼-8¼ 4 87 4 87 4 88½ 4 88¼ S. 87-7¼ 88½-9 87-7¼ 88½-9 87-7½ 88!,i-9 87-7½ 88¼-9 g~~:g i~~i ~~ ~:g~ ~~:+~ rs~:t ~~:.:: .&t~1~~:~~ t~:g ~~~:~ : ~~ ~~:~~ 87-7i88½-9 27 ... 85-½8?¼!-8:¼ 85½-6 87½-8 4 86½ 88-8½ Holiday. 2H . . . 85-86 7¼-8½ 29 . . . 86¼-6 88-8¼ 88-8½ 81. . .. . s. 1 s. ¼s: ~~~~ ~gt~~~ rn:.:: .i~i,~~~~ 4 ~~i2W1·½ ro1~s.~:g~ 86¼-7 gg~J :t~~ ! ~~ s. 88-8½ 4 87 so ... .85½·6 August. Septemb'r. 60 d. Sight. 60 d. Sight. 4 88-½ 489¼ 82½-8!1 85-¼ s. 4 83-84 85-½ 4 88½ 4 89½ 4 83-84 85-¼ 83½-\J 9½-\10 4 83-84 85-½ 88½-9 9¼-90 4 83-64. 85-½ 88½-9 9½-90 8. 88¼-9 9¼-IJO Holiday. 88}9-\J 9½-90 4 83-84. 85-½ S. 2½4 4½-5½ 4 88---½i 89-¾ 2½-3½ t '7¼8½ 8!,69½ 2!,ii-3¼ 4½-5 s. 7:..S~ 8½- 1<¼ 2½-3½ 4¾-5 4 88 4 89 7-8 8¼-9¼ S. 4 88 4 89 87- ½ 88-9½ 82-3½ 84¼-5 88-8¼ 89-9½ 87-8¼ 88- 9½ 4 82-3 84¼-5 4 88¼ 4 89¼ d. 4 82-3 Si½-5 4 88).6 4 89½ 6½1½ 7½8½ 4 82-3 8±¼ 5 4 88½ 4 8t1½ 5½-7½ 7-8¼ 4 !!2-3 84.¼-5 S. 4 85-7 85½-8 4 82-3 84.¼-5 4 88½ 4 89½ 5-6½ 6½-7½ 8. 88:¼-IJ 9½-IIU 5-6½ 6~7½ 4 82-3 84¼-5 4 88¼ 4 89½ 5-6½ 6½-7½ 4 82-3 8!172-6 88-8½ 89-IJ¾ 8. 4 '12-3 8cl½-5 88-8½ 89-9~ 4 85-6 4 86-7 4 82-3 84½-5 88-8½ 89-9½ 84¼--6 85¼-7 4 Ri-3 84½-5 S. 4 81-f>½ 85-7 4 82-3 84½-5 88-8¼ 89-9½ 83½-5½ f>·6s• 8. 88 -8½ 89-1!½ 3,½-5 4¾-6 4 82½-3 4 85 88-8¼ 811-9½ 82½-4 b5-5 4 82½-3 4 85 88 -8½ 89-9¼ s. 4 83 4 85-½ 88-8½ 811-9½ 82¼-4 85-5½ May. June. July. 60 d. Sight. 60 d. Sight. 60 d. Sight. 4 87 4 88½ 86½-7 88-8½ 4 ~-7 4 88 s. t:!61,g-7 88-8½ 4 86¼-7 4 89 4 86 4 88 U~-7 86½-7 88-8¼ 86½-7 88-8½ Holiday. 6 1 8 86,¼-1 ss-s¼ 4 87 83-8½ 813¼ -7 88-8¼ 4 86½ -7 !l 88 s. 4 86"9-7 4 88 4 86~-7 4 88 4 87 88-8½ 4 813¼-7 4 88 4 86½-7 4 88 4 87 86-8¼ 4 86!,6- 7 4 88 d. 4 88 88 4 86 ~:~~ 85½-6 87½ 8 So;q-6 81½-8 S.,¾-6 97½-8 flol,6-6 7½-8 July. 60 d. Sight. 4 88 4 89 4 88 4 89 4 88 4 89 Holiday. S. 87~-8 88½·9 87¼-8 ~-9 87¼-8 88½-ll 87½ -8 88½-IJ 87½ 88½-9 87½-8 ~¾-9 4 90 4 88¼ 4 89½ 4 89 4 90 4 89 4 90 4 84 4 89¼ 4 88 4 sg 4 873' !1 88¼ 4 82¼ 4 84½ 4 82 :~g~~:f~ ~M· 14 ..... 85-5¼ 88-8½ 15 .... .Sb-5¼ 88-8½ 16 . . . 85-5½ 88-8½ 17 . .. . s. IH .. ... 85 86 88~½ LIi .... 85-86 88-88¼ 20. ..85½!-6 88-8¼ 21. . 85!,6-6 88-8¼ 22 . . . . .85!,6-6 88-8½ 80 6 8 ~:. : : . ¼· s~ ¼ June. 60 d. Sight . 4 83-8½ 89¾ 8'3-8½ 89-9¼ 88-8).v Sil-Ii¼ 88-8~ 89-9¼ 8:l-8½ 89-9½ 88-8~ 89-11½ s. 88-8½ 89-11½ 88-8½ 89-9½ 88-8½ 81J-9J,g 1-8-8½ 89-91,g 88-8½ 89-0½ 88-8½ 811-9½ :5 . 88-S¼i 89-9½ 88-8¼ 89-?¼ 88-8~ '3il-9¼ 88-8½189-9½ 88-8½ Sll-9.li 88-8¼ 89-9½ 8. 88-8½ 89-9¼ 88-8¼ 89-9¼ 88-8½ 89-1!½ 4 88 4 RI/ 4 88 4 89 4 88 4 89 s. !1 88 4 89 4 88 4 81} 4 4 4 4 4 4 87 87 87 87 87 b7 88-8½ 88-'.:l½ S. t!H-8½ 88-8½ 1"8-8½ 88-8½ 8H· •½ 88-S½ 8 ss-s"' https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis N o vember. Decemoer. 60 d . Sight. 60 d. Siirht . S. 81-¼ 87¾-8 4 82-3 5¼-6½ 84-½ 87 ½-8 Holiday. 81-½ 87½ 8 l ¼-2¼ 5-5½ 4•Si!/4 8 7½-8 ll,6-2½ 5-5¼ 4 84¾ 8 7~8 4 82-3 85½-U S. 4 82-3 85~-6 4 84½.87¼-8 S. 84-¾ 4 87•½ 82¼-3¼ 86-7 Si-½ 4 8 7-½ 82½-3½ 86-7 M-½ 4 87-½ 2¼-3½ 6-6½ 4 8'1½ 4 87½ 2½-3¼ 6- 6½ 4 84½ 4 87½ 82¼- 3 86-6½ S. b2½- 3 86-6¼ 4 84½ 87½-8 S. 8!1½-5 87!,6-8 82¼-3 86-6½ 84½-5 87½-8 !l h2-3 86-6½ 84.,,. -5 88-¼ 4 82-3 86-6¼ 8!1¼-5 88-½ 82½-3 86 -~ 8!½• 5· 88-½ 83--3½ 86½-7 S. 83-3½ 86½-7 84½ -5 88-½ 8. 4 84½ 4 88 83-4 86¼-7¼ 4 84½ 4 88 63¼-4 87-7½ 4 84¼ !1 88 83½-4 87-7½ Hol) d a y Holi d ay. H oliday. 83½-4¾7•7½ 8. 83½-4½ 7-7½ !1 8!¼ 4 88 8. !I. Si-¼ 87-88 83¼-4¼ 87•8 4 84-½ 87-88 4 84-¼ 87-88 4 85½ 4 84 4 86½ 4 84¼ 4 88 4 84½ 4 80½ 4 84 4: ~1¼ 4 85 Septemb ' r. October. 60 d. Sight. 60 d. Sight 4 84¼ 4 8~½ 4 83-4 85½-6 4 84½ 4 86½ 4 83-i 85½-6 November. 60 d . Sight. 83-3¼ 86-61{) 83-3¼ 86-6½ 4 S5 4 84 4 88½ 4 87 4 4 4 4 4 4 >6s: 86½-7 !1 88 86½-7 4 88 86¼ -7 4 8➔ 86½-7 4 8~ 86½-7 4 88 86½- 7 4 88 S. 4 86½-7 4 88 4 86¼-7 4 8::1 !4 ~~-r t~ 87 4 88 4 87 4 87 !l 87 4 4 4 4 87 87 87 87 4 88 4 88 4 88 S. !188 !l 68 !l 88 4 88 st~~ 86¼-7 88-8½ S. s. 87-7¼ 88½-9 86~-7 88-1'¾ 4 86½-7 4 88 4 86¼ 88-8¼ 87-7Xi 88½-ll -66½-7 88-8½ 4 86:¼-7 4 8::1 4 86½ 88-8½ 4 87 4 88¼ s. 4 '6½ -7 4 88 4 86¼ tld-8½ Holiday. 4 4 4 4 4 87 87 87 87 87 !1 88 4 88 !18'3 !1 88 4 t;8 Decemoe, . 60 d . Sigh • 83½-4 86¼-7 83½ ·4 86!<1•7 gg~=~ g~~:~ t~=fs.~g~:~ 4, 83-4 83-!85¾-6 sa~3°~ii!6¼ ~~~:! ~~:~ 85¼-6 83-3½ 86-6¼ S. 86½-7 87¼-8 :~~=~:~ !~t~g~J s1t~~ii¼-7 ~2~1~15~~ ! ~~ ! ~~ ! g¼ 8! g~ ~~:~ gt~~ : ~~ t 4 87 i 89 4 87 August. dO d . Sight S · 4 87 4 88 S. 85.½-6½ 7-½ 84¼-<l½ * 4½-5¼ 6¼-7 t~~~8it~~ 84,½--5 86½-7 8. 84¼-5 86½-7 84¼- 5 86½-7 4 8i·s 4 8:J½ 484'- 486½ 4 8! 4 86½ 4 84.¼ 4 ,;6¼ 8. St½-5 86½-7 84½-5 86½-7 4 Si-5 86¼ 7 4 84-5 86xi-7 8 4 s4-5 4 86-7 3½-4¼ 6-6¼ 3¼-i¼ 6-6~ 3-4¼ 5¼-6¼ 83-4 85½-6¼ 83-4 85¼-6½ 8. 3¼-4 5½-6¼ 83¼-4 85½~6 4 '<3½-!1 H5-6 t ~!~ ! ~g~ !4 ~t! i~~:g 83 4 5 ~!~: ~i~ : !184¼ 4 4 8!½ 4 S. 4 81½ !1 4 84¼ 4 4. 88~ 4 86 4 88 4 86½ 4 88½ 4 87¼ 4 89 4 87 4 8"½ 4 87 4 88¼ 4 87 4 88 4 87 4 87 4 1:15 4 87½ 4 85½ 4 87¼ 4a 81)½ 4 88 4 86½ 4 88 4 86½ 4 88 4 86½ !188 4 Si • Quotations on this day wer e 4 86½@4 87½. · t i 8Z~2-3¼ for sixty days an(l i 5)1i-6½ for ~i nt, :iai~!s6 Ln~ .. 4 Si October. 60 d. Sight. !183-3¼ 85-6 83-4 85¼-6½ 83-! 4 86-6¾ S. !1 82½-4. 85-6 !l 82~-4 85-6 4 82½-4 85-6 82½-3½ 5-5¾ 82¼-3 ~4½-5 82½-3 84½-5 s. 4 82-3 !1 85 4 82-3 4 85 81¾-3 84½-5 81¼-3 84½-5 81½-2¼ !1½-5 81½·2~ i¼-5 s. 80¼-2¼ 84-5 80½-2 b4-4¼ 4 81-2 b4½-5 8 1~-2 4¼-5½ 82-2½ 85-5¼ 82-2½ 85-5½ . B. 82-2½ 85-5½ 82-2½ 85-5½ 4 82-½ 85¼ 4 82-¼ 85¼ 4 82-711 85¼ 4 82--½ . 85½ 1 897 . March. April. 60 d. Sight. 60 d . Sight 85½-6 87¼-8 4 86¼ 88-8¼ 4 86 4 88 4 86¼ !;'i-8½ 4 86 11 ¼s~· ¼ 86-6½ 88-8½ 4 86½ 88-8½1 6 86- ½s~s-8¼ 86-6½ 88-8½ 4 86¼ 88-~½ 86-6½ 88-8!,ii 4 86½ 88-8½ 86-6½ 88-8½ 4 86½ 88-8¼ 86-6½ 88-8½ S. ~ s~~ ii~.g ! ~ t:::t~:~ ~~~~ 4 90 4 89 May. 60 d. Sight. 88½-9 9½-90 88¼-9 9½-90 8. 98½ b9½-90 8~-8¼ 9½-90 88½ 89!,6-90 88½ 89!,6-90 88½ 811½-110 8~½ 89¾-90 8. 8 ¼ 81:1½-90 88¼ 89½-90 88).6 89½-90 88-8~ 9!,6-90 88-8 IJJ,6-90 88-8 11½-90 S. 88-8½ 9½-110 ~ 9½-90 9!,6-110 88--8 9½-90 88-8½ 9!,6-90 88-81-i, 9,¼-90 " s~ ½-6 86¼ 83½-4 fl5¼-6 813¼ 83¼-4 85½ 6 83¼-4 85¼-6 86½ 4 83-4 85¾-6 86½ 4 89 4 85 4 !jB¼ 4 ~ ~3~:! ~~~ 483 6 ½lt1· ½ 4 83-½ -l 85¼ 4 83½ 86-6½ 83½-4 86¼ 'i 4 83-¼ 4 85½ 4 83½ 86-6½ 83½-4 86½-'i S. 4 83¼ 86-6½ 83¼-4 86½-7 !1 83- ½ 85-½ 4 83½ 86-6½ 83½-4 86½-1 g~~:i~ ~:~ ! ~~s ~:g~ s 3½-f s6!,6-7 . 83~-4 861,6-7 82½-3½ 85-¼ 82½-3¼ 85-½ 82½·3~ 85-¼ 8. 82¼-3½ 85 1-<i 4 82¼-3 85-½ 4 b2½-3 65-½ 4 82!,6-3 85-Xa 4 83 i !l5-6 4 83 85-e 4 83¼ 86-6¼ 4 83¼ 86-6!,!i 4 83½ 86 6½ 4 1-3½ ti6-6½ 4 83¼ 86-6¼ 4 53½ 86-6¼ S. 4 83¼ 4 R6½ 83 -4 861'•7 4 -4 4 86-7 4 83-½ 86-½ 4 83·½ 86-¼ 8. 4 83-¼ 86-¾ t t l l ~~ t ~~ s2½-t s5~ ~~l1t~ 83~~-n ~¼-7 H oli~ay. 4 ~-4 86-½ 83½-4 86½-7 82½-3 85½-6 4 8:\-½ fl6--½ s. 82¼-3 85~-6 4 83-½ 86-½ 83½-4 86¼-7 82¼-3 85~-6 4 83-½ 86-.¼ 83½-4 86~-7 82~-3 85 -6 s. 1 82½-3 85 -6 4 87 4 84 4 86¼ 4 Si ~ 85¼ 4 82~ 4 8& i 63 4 87 i 4 ~4 4 87 82~ 4 !ivij UNITED STATES SECURITES. COURSE OF DEBT AND PRICES. The following table shows the public debt of the United tates from 1793 to 1897, inclusive. In the year 1856, 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. Bonds issued to the Pacific railroads are not included in the statement. For some of the recent years the figures pnnted below do not agrt:e with those reported in the monthly debt statements issued by the Government, as a change in the form of the statements has been made several times. We give the results entirely in the old form, so that the comparison is on the same basis for all the years. The totals are for January 1 of each year from 1793 to 1843, inclusive, and for July 1 (close of the fiscal year) since 1844, inclusive. The debt was at it highest on August 31, 1865, when it amounted to 2,756,431,571. UNITED ST.A.TES DEBT 1793 TO 1897. Year. .Amount. 1793 ... $80,352,634 1794 ... 78,407,404 1795 •.. 80,747,687 1796 ... 83,762,172 1797 ... 82,064,479 1798 ... 79,228,529 1799 ... 78,408,669 1800 ... 82,976,294 1801 ... 83,038,050 1802 . .. 80,712,632 1803 ... 77,0:'>4,686 1804 ... 86,427.120 1805 ... 82,312,150 1806 .. . 75,723,270 1807 ... 69, 218,390 1808 ... 65,196,317 1809 ... 57,023,192 1810 ... 53,173,217 Year. .Amount.. 1811 ... 1812 ..• 1813 ... 1814•.. 1815 ... 1816... 1817... 1818 ... 1819... 1820... 1821. .. 1822... 1823 ... 1824... 1825 ... 1826... 1827... 1828 ... $48,005,587 45,209,737 55,962,827 81,487,846 99,803,660 127,334,933 123,491,965 103,466,633 95,529,648 91,015,566 89,987,427 93,546,676 90,875,877 90,269,777 83,788,432 81,054,059 73,987,357 67,475,043 [ Year . .Amouni. Year. Amount. 1848 ... 1849 ... 1850... 1851.. 1852 . .. 1853 .. . 1854... 1855 ... 1856 ... 1857... 1858 . .. 1859 ... 1860 ... 1861. .. 1862 .. 1863.. . 1864 ... $38,826,534 47,044,862 63,061,858 63,452,773 68,304,796 66,199,341 5!!.,803,117 '12,242,222 35,586,956 11.),965,953 9,998,622 37,900,192 53.405,234. 59,964,402 87,718,680 505,312,752 1,111,350,737 1,7<,9,452,277 ----- ---1829 -1847... ... $58,421,413 I 1830... 1831. .. 1832 ... 1833 . .. 1834... 1835 .. . 1836 ... 1837•. . 1838 ... 1839 .. 1840. .. 1841. .. 1842 ... 1843 ... 1844. .. 1845 .. B46 .. 48,565,406 39,123,191 24,322,235 7 ,001,608 4,760,082 37,513 336,957 3,308,124 10,434,221 3,573,343 5,250,875 13,594,480 20,601,226 32,742,922 23,461,052 15,925,303 18,550,202 - Year. .Amount. 1865 .. 1866 ... 1867... 1868 ... 1869 ... 1870.. . 1871. .. 1872 ... 1873 ... 1874... 1875 ... 1876 ... 1877... 1878 •.. 1879•.. 1880..• 1881. .. 1882 .. . $267 4,815,856 2,636,036,163 2,508,151,211 2,480,853,413 2,432,771,873 2,331,169,956 2,246,994,068 2,149,780,530 2,105,462,060 2,104,149,153 2,090,041,170 2,060,925,340 2,019,275,431 1,999,382,280 1,996.414,905 1,919,326,747 1,819,650,154 1,675,023,474 - .Amount. Year. 1883 ... $1,538,781,825 1884... 1,438,542,995 1,375,352,443 1885 .. 1886... 1,282,145,840 1887 ... 1,175,168,675 1888. . . 1,063,004,895 975,939,750 1889 ... 890,784,371 18~0 ... 851,912,751 1891. .. 841,526,463 1892 •.. 838,969,476 1893 ... 899,313,380 1894... 1895 .. . *932,830,667 955,297,254. 1896 ... 986,656,086 1897•.. * We have increased the amount for this date $31,157,700 to allow for the foreign half of the Morgan-Belmont loan negotiated abroad which did not appear in the Government debt statement for June 30, 1895, though the money in payment for it had already been received and counted in the Treasury cash. U ITED STATE. ' DEBT STATEME T DECEMBER 31, 1897. To bring the results down to the latest date, we add the official statement of the public debt as it appears from the Treasurer's returns at the close of business on the last day of December, 1897. INTEREST-BEA.RING DEBT DECEMBER 31, 1897. 1ltle of Loa11,- Interest pa11able. Amount issued. • !.- ,---;tm.ownt nutstanding.-Reglarea. Otn.1,l0'1l,. 7 orl.. ,~.Fund.loan,1891, l Q-M 250,000,000 25,364,500 · Continued at 9 p.c. S • • 740,902,750 490,5M,600 69,056,900 ts, Fundedloe.n.1907 .. J. !0,012,860 ,s, Refund'g <'ertiflc's . .- J. 100.000.000 6ii.422.'fiso &i.s1·,.1io 6s, Loan of 1904 . . . . . .- F. 162,315,400 105.1199.950 56,615.!:i0 Loan of 1925....... .- F. Total, excluding Pac. - RR Bonds.......... ..... . 1.293.231,400 685,071,900 162,249,500 ,s. 25,364,600 659.641,500 100.oM:~ I 62,315.400 8,t7,365,620 on~~):E1s[hi11i8~~1:ti1ona:1i~88o~is~8go~ Wb~o1i. ,!~~~r 4c:no1t 1~i~~s::~~~ tered, $50, $100, $500, i1.ooo, $5.0oo, $W,Cl00, $20,0 o, $50.000, coupon~ $50,: 1100. f600, fl.OO••; 4s, re!undtng certiflce.tes, $10; 5s of 1904, re,:ristereu, $5u. $100, ~~oWo~•if8.~8.nci~~o!~fifo~\~~g_:$~~,l~~. ree;istered, $50, $100, $500, $rtig3. 8 ,t88&: DIIIBT ON WIDCEI INTEREST HAS CEASED SINCE MATURITY. November 30. December 81. $Ul>,450 00 iimded Loan of 1891, matured September 2, 1891.. t Lo0,4 50 00 1, 180,t,20 26 Old debt matured pnor and subsequent to J e.n.1, '61. 1,180,83t.l 26 Debt on which mterest bas ceased •.••.•••.•••••.• $1,331,280 26 $1,830,270 26 DEBT BEARING NO INTEREST. United States notes ..................................................... f346,681,016 Old demand notes............................................. . ......... 64,347 National Bank notes-Redemption account................. ..... 32,26.:j,H6 Fractional currency................................... $15,262,871 14 Less amount estimated as lost or destroyed......... 8,375,1134 00 6,886,937 00 50 00 U Aggrei;rate of debt bearing no interest ....... . .................. $385,890,446 61 RECAPITULATION, Olasai,tlcaUon of Debt December 31. 1897. $ No vember 80. 1897. • Increaae or Decrease. ' 847.365,620 00 1,331,1180 26 881,1113,126 U Dec:i,oio Inc.4,6 iJ7,3.ll 50 Total llfOSS debt ....... J. 2ll4.586.3!1fl 90 1,229,1-90,fl26 40 220,663,659 84 Cash be.le.nee in Treasury.. 235,474,769 01 Inc. 4,R911,!11 l 50 Inc.14,811,209 17 Interest-bee.ring debt...... 847.365.620 00 Debt, interest ceased....... 1,3:i0.270 26 Debt bearing no interest... 385, ~90,44 6 64. Total net debt ....... . .. 999,111,567 89 ·oo ------ -Dec.10,lU,897 ----1,009,226 465 66 67 The foregoing figures show a gross debt on December 31, 1897 (interest-bearing and non interest-bearing) of $1,234,5 6,336 90 and a net debt (gross debt less net cash in the Treasury) of. 999,111,567 89. Pacific Railroad bonds are never included in the official total of the Government debt. The status of these obligatiom>1 to-day is as below. Methods of book-keepin.g make the of https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis ficial record unintelligible to most readers, and hence we have brought together in our compilation the leading facts relating to the subject. BONDS ISSUED IN AID OF PACIFIC RAILROADS. ,-Bond.a issued and-. ,-Bonds pata, nr d.ate of matlwr-ttv.--accunnulated vnt. .J.lreaa11 Due Jan. Due Jan. of lla°:u."::av. Pri,tpal. Ilterest. parz. 1, 1f98· 1, \899. Central Pacific .... 25,885,120 35,852,71S 6,074,000 10,614,120 9,197,000 :2;::g~:~ 38:ra~:~~~ i:ffi:m 1.iii:'~,i Total ........... 64,623,612 81,295,12l 20,714.000 ~~i:sPi~i'ii~~::: W~:ie~~· Padiic·.:: 1:iii:rai l:~it~it 2,568,650 Sioux City & Pac .. 1,628.320 ~~~·~.~~ 3,i57,000 1,650,560 29,904,952 14,004,660 1kti~:i~ 1,628,320 The cash holdings of the Government as the items stood December 31 we take from the Treasury statement of that fate. The net cash balance given below is the same as deducted above in reaching the net debt. CASH IN THE TREASURY. Gold-Coin ............................. . ............. $151,910,176 27 Ba.rs........................................... 45.559,059 fll-$197,469,235 88 Silver-Uolle.rs . ........................... . .......... 39'1,327.049 00 Subsidiary corn.................................... 10,6711,899 23 Be.rs ................................................ 102,284.7ll5 94- 507,291,684 17 8 p~:~ir~~~ti11i~t~~~:::::::::::::::::::::::: Gold certificates................................... 1,670,460 00 Silver certitlce.tes... .... .... . ... ..... ....... .... .. . 11.2211,912 oo ~.;&~:g~~ i& ~:U:n°!'it~:it :ir~:.i:. ~~~.~ ~.~.~ .~·. ~~.~~~::::::: 106,331,691 49 Other-Bonds, interest and coupons pa.id, a.wait29.287 !11 ing reimbursement ............................... . 1,086.76'1 29 Mmor coin and fractional currency .............• fJeposits in nat'l bank deposite.ries-gen'l acct, .. . 44.979,11114 10 ~.203,022 74- 50,298,759 04 Disbursing officers' be.lances ...................... . Ut&g~ ig_ ---- - $861,391,870 58 Aggregate .................... .... .............. .. DEMAND LIABILITIES. Gold certfflca.tes... ... . ... . ... .. .. .. .. .. •. . . .. .. .. • $ll8,1~8.1'19 00 Uver certitl.ce.tes .. .. .... ........... . . ......... 887.1125,504 CO i~::~;~soi~sdim~~~t'. ~.~~ .~: ~~'.~ .. ::::: :: : : . 88-$576.956,933 00 Fund for redemp. of uncurrent nat'l bank notes 8.23ti,n .-1 94 Outstanding checks and drafts ......... ...... .. . 6,33•. 785 38 Disbursing offlcen' balances....................... 27,676,549 28 A.gency accounts, &c. ..... ...... . ......... ... ... . .. 6,708.2<1.9 97- 48,959,668 57 Gold reserve . .. . . .. .. . . ......... '100.00o,ono 00 Net cash bale.nee........ • ........ 185,-t'i4,769 01. ....... .. ......... 235,47±,769 01 1t~::ttt8 .Aggregate. . . . . . .. . ........................................... $861.391,870 58 Net cash bale.nee in tbe Treasury November 30, 1897..... ...••.. .• 220,663,559 84 Net ca.sh bale.nee in the 'l'reasury December 31, 181:17. ... . . .. ... ... 236,474,'i69 01 Decrease durinic the month .. .. . .. . . .. . .. .. . .. . . .. . .. . .. . .. . .. fl4,611,209 17 UNITED STATES E CU RITIE . PRICES OF UNITE D S TA TES BONDS. In the following tables are shown the monthly highest and lowest prices of U nited States Governmen t Securities for the thirty-eight years from 1860 t o 1897, inclusive. At the beginning of t his period the total debt vf t he Government was almost uominal. 'fhen followed the war period till April, 1865 ; thence t ho period of speculation till Sept., 1873; thence the period of recuperation till the r esumption of specie payments on Jan . 1, 1879, and the subsequent funding of the maturing bonds into new bonds at 4-½, 4, 8½, 3 per cent, and finally, ill Sept ., 1891, t he extension of 4-½s at 2 per cent, payable at option. In 1894 a new era began with the issue of 100 million dollars of 10 year five per cen t bonds to meet deficiencies in revenue and make good the depletion of the gold reser ve, followed by t he issue in 1895 of $62,300.000 of thirty-year 4 per cent bonds under the cele.. brated contract wit h the Morgan-Belmont Syndicate to protect the gold reserve, and another issue of 100 million dollars for the same purpose in February, 1896. I S60. JA~ S E CURITIES . - - -·- AR) ' l<'EBR'RY. MARCH. APRIL. I ---- ---- - - - ---- MAY. JUNE. JULY. AUGUST SEPT'BER. OCTOBER. NOV'BER. D E C ' ~ - - -- 1 - - - - 1- - - - 1- - - - 1 - - - - - 1 - - - - 1 - - - - - - -- Low. High Low.High Low. High Low.High Low. High Low.High Low.High Low.High Low.High L ow .High Low.High Low.I~ - - · - - - -,- · - - - - - - - - - - - - - - --- - ---- ---- - - - u. S. 6s o:f18 68, c oup . ... 106½-107 106 -107)4 106½-107¾ 108 -108¼ 108¾-109½ 108 -108 108 -109 109 -109¼ 108 -108½ 107¾-107¾ . ... - ·. ... 96 - 1U} 1 U. S . 5s of 1865, c oup .... 98 -100 99¼-100 90¼-100½ 100~102¼ 102 -102¾ 102¾-103 100½-100¾ 101 - 102 102 -102 102 -102½ 93 - 98 92 - f.2 U. 8. 5s of18')'4, coup .... 99)4- 100½ 100)8-100½ l00}..-101¾ 103 -103¼:103 -103¾ 103¾-104½ 101¼-102 102 - 103 102~.{-103¼ 102½-103 95 -103 89 - 1?5 1861. U. S. U .S. U. S, u. S . U.S. 6so.fl868, coup . ... 198 -100 6 s of'18Sl, coup .... .... - .... 5so:f1865, coup .... 90¼- 92 5 s o~18')'1, c oup .. .. 1 91 - 9~ 5sof 1 8 7 4, c oup .. . . 92 - 9, 94 - 100 93¼- 93¼ 86 - 91 87½- 91 85 - 93½ 95 - 95½ 1:15 91 - 94 84½89 - 92 91 .... - . ... 85 75 85 - 90 95 94 91¾ 85 89½ 88 - 90 87 - 90 87¼- 90 f2 - 92 88 - 90 90 - 90 83 - 85 85¼- 90¾ 871,4- 89¾ 89¼- 91¾ 91¼- 95¾ 93½- 95¼ 85 - 87 86 - 81¾ 87¼- 89 5½- 813¾ 86 - 89 87¾- 89 75¼- 79 77½- 0 .... - . ... 79¼- 81 81½- 85 82½- 86 79¼- 81 75 -7 }' 76 - 2 78¼- 81 81¼- 8tl 83 - 86 86 - 95 84¾- 89 85 - 86 78 - 80 75x{- 79 97 89 86¼82¾79 - 98 9SU ~ 83 83 1862. U. S . tis of 1868, coup . . .. U.S. 6sof188 1, coup .... U. S . l>sof1865, c oup .... U.S. 5sof18')'1, c oup . . .. U.S. 5sof18')'~, c oup ... . U. S . 6 s, ce1•tific n.tes ..... . !J, s. ')' 3-10 notes ....... . 85 87½85 79½78 - 90 - 92 90 91¾ 88½- 93 86½ 86¾- IJO 79 - 80 80 80¾ 78½- S5 .... - .... 07½- 98 94. - 97 97¼-102 103½-107¼ 92½- 98 97¾-105½ 105½-107¼ 92 - 92½ 93½- 97 93 - 99 .. .. - . ... 93 - 96 96½- 97 86¾- 90 89¼- 96 1:15¼- 97½ 96¾- 99 99 -100¼ 100¼-100¼ 99¼-101½ 102¼-105¾ 104½-106¼ 92½- 95 92¾-- 94¾ 90¼- 98 88 - 88 85 - 88 .... - . ... 97 - 97 98 - 99% 99¼-100 96½-100 96½-103 ~ - 92 86"¼)- 86¾ 85 - 91 98 - 09 99 -105¼ 101¼-102 102 -102 103 - 104½ 102¼-104,t 97 - 97 95 - 95 . - . ... 91:)4-92'( 91¼- 93 91½-921' 97½- 9~¾ 94¾- 97;( 103½-105¾ 100¼-lM!( 96½- 99~i 96½-100 103 -103¼ 08¼-101¾ 99 - 102½ 102 -104¾ 96 - 97 88¾- 90 89 - 91 92½- 93 85 - 01 88 - 91¾ 91 - 94 98¼- 99% 98¼- 99¾ 98½- 99¾ 102¼-105½ 102¾-104111 103 -103 9'-94194-95 I ... . 1863. \;. ~ - b l!! ()J J.hh.1., coup ... <'.L:ll- w 1111'>/4-J.V~~ U.S. 5 s of 186/i, c oup .. . . ... - ... 96 - 99 U . S . :is of 1 8 ')'4, coup ... 86 - 90 85½- 97½ U.S. 6s, irold certificates 94¾- 97¼ 93%- 99 U .S. 6 s , c m·re nt certs .. . .... - ...... . . - ... . U. S .')' 3-lOs, A. & O . . . . 100 -103 101¾-105½ U. S .')' 3-lOs , F. & A . . . . 102½-103 102½-104,½'. J.W},1.-J.V:J~ J.l'4•- ·-.too}21lU7¾-lV!:S¼ 11)7~-llV Oil¼- 99¼ 94 - 98¾ 98¼-100¼ 96¾-100½ 104¾-107¼ 102¾-107 ... - .... 104 -106 95¼- 98¼ 97 - 98 99¼- 102 101 -102 98 - 99¼1 98 - 99¼ 104½- 106 106 -107½ 104 -107 106¾-109 [lV9. -J.v·, 104%-J.C/731. ,vij 1()6¾-110-¼ 10!:l¾-110¾ 105¼- .J..d> -107 106 -108½ 104¼-105 105 -105 .. . . - ... . 98¾-100 97 -100 96½-101 97 - 97 100¼-101¼ 98½-101¼ 100 - 101¾ 101 -101¾ 97 - 99¼ 97¼- 99½ W¼- 99¼ 99¼- 99% 103½-107¼ 105 -107 105¾-107¼ 106½-107¾ 107 -107½ 105¼-107½ 105½-10'71,4105 -106½ ... . - .... 117 -125 96¼-100¼ 100 -100 101¾-102½ 98 -102¼ 99 - 99½ 98¼- 99 105½-108¾ 105¾-107% 106 -108 106 -107¼ 124 -IJW:<o 98 -1 101¾-1 98 - ~ 106½-1061' 106½-lcm( 1864. U. U. U. U. 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S. ~. 109¼-112¾ 109½-111½ 106¾-110 108¼-112 106½-110 108 -111 100½-102¾ 100¼- 102% 114 -110 115 -116½ 96¼- 98 97¼- 98),{ .__# - - - - - _ _ _.....,__ _ _ 103½-111¼ 105 -110¾ 108½-110¾ 104¾-111¾ 105¾-109)4102¼-107 100¾-110¾ 105¼-109¼ 102½-lOtS 89¼-102¾ 91½- 97¾ 94¼- 9,?{ 114 -114½ .... - . .. . 99½- 991{ 06½- 98¾ 9 ¾- 99>{ 99 - 99>! 108¾-110½1106½-108¾ 106 -107¼ 107¼-108¼ 106¾--108¼ 105¼-lO'l¾ 106¾--I: 102 -104)4 1103¼-106 105½-106% 105¼-108¼ 101¾-105¼ 1,9¼-103 100 -1 ~ 103 -104 103¾-105¾ 104 -105 105 -106¾ 101 -103 98%-101}.f 99 -102 94¾- 97¾ 96¾- 98 93 - 98¾ 93¼- 94½ 92½- 94¾ 89-¼- 92;¼ 00¾- 95 99½- 99¼ 99½-100 98¼- 99% 98 - 9991'. 97 - 99¼ 95¾- 99 96¼09¾- 99¼ 97¾- 99¾ 97¼- 98¾ 98½- 99 97¾- !l9¾ 96¼- 97J,, 97¼- _ ! ~866. - - ------ ---------<--- - - - - -'---- 1·. IS. 6 s of USSl , c oup . .. 103!)4-104% 103¾- 104½1104,4-105J,s 104¾-103½IW7 -1U9½ 109½-110¼ 106¼-110 109½-ll:i¼ 110¾-lU! 1.llJ,c.i- 113½111:.l -114¾ 1QY¾-1U1.i( 1 IJ. 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S . 5-20s, lJ, s. ~-~Os, u. 1864, c oup . 186/i, M&N 1865, J&J . 1867, coup, 1868, coup . ~- 10-408- coupon ... .. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 1 116½-118¼ 112¾-115% 113¼- 118¼ 113½- 114½1113 -116¼ lll¾-115½ 114¼-115 -111% 111¾-113¼ 112!}.j- 114¾ 112¾-115 112½-115¼ 112¼-115 105¾-ll:3¾ 109½-lllJC 105¼-109¾ 107¼-109,½ 107¼-108¾ 107¾-1103{ 106%-109¾ 109%-111¼ !10 - 111¾ 108%-1117~ 109¼- 110¼ 109¼-112¾ 104¾-108¾ 106¾-1~ 106 -110¼ 108½-110¼ 107¾-109 1077/4-lllJ,,s 106¾-109¼ 110 -111¾ 11()¾-112¼ 110 -112½ 109¾-lll¾ 109¼-1127/2i 104,~(-108% 107¾-lOS)a 104¼-108¼ 106)4-108¼ 1067,(-107¾ 106¾-109 108'"¼-111¼ 112¾-114¼ 108 -109½ 107¾-109¼ !1077/4-109¼ 107%-111¼ lOO!>t, ·10% 109¾-ll<JH 1 104¾-1~ 106¼-108¾ 106¼-107¼ 106¾-109.>2 109¾-112¼ 112%-114¾ 108¼-IOQ¾/06½-109¾ 10~-109¼ 107¾-112 107¼-:i.. 13-1109'(-111 .... - ....... - ....... - .. . ... - .... ... - .. 109¼-110¼ 108¼-109¾l107 -109¾ 108¾-109½ 108¼-112ni 107¾-111 110 ., -111 101~104½ 104-U-105¾ l 00¼'-101¾1-:00¼-l O!t 1rn.q -rn!57~ ;O!'i!\i-l.i736 1~10&°" 108 - l ~ 1104\6--105¾ 104~-l~ 108 -lM;i l~ - 1 ~ u EUURlTIE •. ™ J86iJ. 6s (5-20 years) Coupon. &of 1881. - 1862. 1864. 1365. 1865n. 1 67. 1868. 112¼ 109¼ 111½ 109 111¾ 111¾ 113¾ 111¼ 113¾ 107¾ 109¾ 107¾ 109½ 108¾ 110¾ 107¾ 110¾ 107 108¾ 106¾ 108¾ 107¾ 109 106¼ 108¾ 107½ }09½ 107)4 109 106 108¾ 105¾ 108¾ 112¼ 116¾ 112¼ 116¾ 111½ 114¼ 111½ 114½ 113 118½ 113 118½ 104¾ 115)4 109!,i 115¼ 110½ 116¼ 110½ 116¼ 108¾ 113)4 108¾ 113¼ 108¾ 1~ 113¼ 1087,1i 112)4 10 ¼ 112)4 108½ 110)4 10 ¼ 110¼ Open'g High't Low'st Clos'g . 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May, Open'g Hlgh't Low'st Clos'g. .June, Open'g lllgb't - -- 112¼ 111 11~ llt¼ 1867. 1868. -- 115¾ 115)4 112¾ 113¾ 112¼ 112¼ 10 ¾ 110¾ 112 112 108¾ 109¾ 112 112 10 ¾ 110 111),{j 111¼ 107¾ 108¾ 111¼ 111¼ 107¾ 109),{j 111),{j 111¼ 108 109½ 108'¼ 108¼ 106¾ 107 113¼ 114 110}.( 110½ 113}4 114¾ 113),{j 114),{j 110¾ 112¼ 110),{j 112¾ 110),{j lllr,.i 109¼ 111¼ 110),{j 111¼ 108¾ 111¼ l0S¼ 110)4 108¾ 110¼ 10 ¾ 110}' 108¾ 110¼ 109 110¼ 109 110 106¾ 110¾ 106'¼ 109 110¾ 113¾ 114~ 113¾ 113¼ 113 114½ 112½ 112½ 111¼ 112 111¼ 111½ 112 112¾ 111¼ 111¾ 110 110¾ 110 110),£ 110}4 110¼ llO¼ 110¾ 110)4 110¼ 110)4 110¾ 106 107 105¼ 106¾ 112 112 111 lll¼ 114),{j 114¼ 113¼ 113¾ 111¼ 118 111¾ 112½ 111½ 111¾ 111¼ 111¼ 112 112}.J; )10½ 111¼ 110½ 110½ 110¼ 110¼ 110¼ 110¾ 110 1 110¼ 110¾ 110¼ 110¼ 110½ 106½ 106¼ 106)4 106¾ 111),{j 111¾ 111 111 113½ 118¾ 113),{j 113¾ 109¼ 109¼ 107½ 107¾ 107¼ 107¼ 107 107 108},;! 10 ¼ 106¼ 107¼ 110¾ 110¾ 109 109)4 llu¾ 110)4 109¼ 109¾ 110½ 110¼ 109½ 109:)i( 106¾ 107 106¼ 106¾ 111 11,1.½ 110¾ 110¼ 113)4 113¾ 113 1131,,£ 107¾ 108 107},.! 108 106¾ 107¾ 106¾ 107¾ 106¼ 109¾ 111 109¾ 111 106½ 106¼ 100¾ 106¼ 110¼ 110--J-il 109~ 110 112,xt 110¾ 111¾ 11 110¾ 111¾ I 111}( 111¼ 110¾ 111~ Nov. 112¾ 114¾ 107¾ 106¾ 107¼ I :f.:: I 110¾ 109),{j 109¼ 109¼ 110¾ 11~ 1871. ~ 6s (5-20 years) Coupon. 6s, 1881 Coup. r 5s, 10-40, 6s,CurCoupon rency. 1864. 1865. 1865 n. 1867. 18t38. 110¼ 113 110)4 113¼ 108¾ 110½ 108}ji 110½ 108),{j 109¼ 10'77,1i 109¾ 108),{j 109¼ 108 110 107),{j 108¾ 107 108¾ 107¾ 108¼ 1077,( 108¼ 108½ 109¼ 107¼ 1091.( 106¼ 109¾ 106¼ 109¾ 110½ 111¼ 110 111½ Open'g ll3~,! 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Open'g Hlgh't Low'st 0.os'g. 1865. 5s, 10-40, 6s.Cur. Coupon rency. Sept. Mar. Open'g 6s (5-20 years) Coupon: 8s, 1881 Coup. 6s (5-20 years) Coupon. 6s, 1881 oup. 5s, 10-40, 6s,Ct11' Coupon rency. 1862. 1864. 1865. 1865 n. 1867. 1868 115 116¼ 114¼ 116 113¼ 115;,.( 113¼ 114¼ 113½ 114);£ 113 113¼ 113¾ 114¼ 113)4 113¾ 112¼ 112'7~ 112)4 11.'3½ 113 118)4 112¾ 112¼ 113),{j 113¾ 112¼ 113 111 118 111 113 115 115¼ 113 114}( 116),{j 119 116 11 114¼ 114¼ 113¼ 114¾ 114 114¼ 113¼ 114 1 114 11472 114 114½ 112½ 113}& 112½ 118¾ 113 113¾ 113 113½ 118),£ 114½ 113)4 114),{j ll0 111 110 111 114),( 116''}4; 114 116,\{, 118¾ 119¾ 118 118¼' 114¾ 115}& 114¾ 115¼ 114¼ 115¾ 115½ 114¾ 115¼ 114¾ 115¾ 113¾ 114.¾ 1J3}s 114½ 113¾ 114¾ 113¾ 114¾ 114¾ 114¾ 114¼ 114¾ 111¼ 111¾ 111½ 111¾ 116Y, 116}( 114¼ 114¼ 118¼ 11 115)4 116¾ 115¼ 115¼ 113¾ 114¾ 11::¾ 115¼ 113¼ 114¾ 115¾ 116 118½ 114¼ 114¾ 114¾ 112 113¼ 114¼ 114¾ 112 113½ 115 115 112 113¾ 111¾ 111¼ 107 109¼ 114¼ 114¼ 110½ 111 116½ 117¾ 116½ 117¾ 111¾ 111¼ 111 111 111! 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Open'g Blgh't Low'st Clos'g. 110 110¼ 109½ 110 115 115¾ 114¼ 115½ -- - - i 11~¾ 115¾ 114¾ 114¼ Open'g High't Low'st Clos'g. 113¼1 115½ 113¼ 116 113½1115½ 11:J¾ 116 Auai. I 110½ 110¾ 110 110¼ 112 112 111¼ 111¼ 112¼ 112¾ 111¼ 112 107 107½ 106¾ 107 110½ 1107/4 109¾ 110¾ 114¼ 114¼ 113¾ 113¾ Open 'g Hlgh't Low'st Clos'g. 112¼ 112¼ 112¼ 112% 110¼ 111½ 110¼ 111½ 111¾ 113 111¾ 112¾ 112 113¼ 112 113,¼i 107¾ 108 107¼ 108 107% 108¾ 107¾ 108¾ 114 115½ 114 115¾ Open'ai High't Low'st Cios'g. 113 116½ 112~ 116¾ 111½ 114¾ ill½ 114¾ 118 115% 112¼ 115¾ 113¼ 116 118 115¾ 108 110¾ 108 110¾ 108¾ 110¼ 108¾ 110¾ 115¼ 116¼ 115¼ 116½ Open'g Hlgh't Low'st Clos'g. 112¼ 111¾ 113 108¾ ¾ 115½ 110¾ 108% 114¼ 115¾ 111¼ 107¾ 114 114¼ 110¼ 108¾ 114 115¼ 111¼ 110¾ 111¾ 110 111¼ 111¼ 111% 110¾ 111¾ 108¾ 110 lC:.8¾ 110 114¼ 114¾ 114¼ 114¾ 115¾ 115¾ 115¾ 115¾ 111¾ 11274, 111 112 !11 112¾ 111 112¾ 109¾ 112¼ 109¼ 112!)JC 115 117 114¾ 117 115¼ 118¼ '115½ 118¼ 112¾ 115¾ 112¾ 115¾ 112½ 115¾ 112½ 115¾ 114¾ 115¾ 114¾ 115¾ 115¼ 116¾ 115¼ 116¾ 113¾ 115 118¾ 115 115¼ 116 115¼ 116 115 116 114% 116 111½ 111¼ 111¾ 111¼ 112¾ 114¼ ll~ 115 H2¼ 114% 118¼ 11~ 112¾1116¾ 1127/41116¼ 112¼1114 112¼ 114¼ 118¼ 118¼ 116¼ 116½ 116¼ 118¾ 114¼ 114¾ 116½ 116½ 114 114 116¼ 116¼ 114¾ 114¾ 115¾ 115½ 113¼ 118¼ 116¼ 116¼ 118¾ 118¾ 115¾ 115¾ 118¾ 113% 109½ 100¾ 108¾ 108¾ 11~ 118¾ 111½ 112¼ 114}.: 112¼ 1123' 111~1114½ lll¾l 114½ 109¾1113¾ 1107,1i! 114¾ 116¼ 116¼ 114% 115¾ 114 114¾ 113 114¼ 114¾ 114½ 113¾ 114¾ 113¾ 114¾ 113½ 114¾ 113¼ 114 : 14 118¾ 112 114¾1114 112¼ 112¾ 113½ 1187/4 118¾ 108½ 109 107¾ 108 108¼ 108¼ 107¾ 108 11~ lllJ( 112¼ 111 111¾ 111 111¼ 114¼ 115¼ 114¼ 115 115¾ 117 115¾ 116)4 115¼ 116¼ 115¼ 115¾ 114¾ 116 114¾ 115¾ 115¾ 116¾ 11~ 116¼ 118¾ 115 118¾ 114¾ 1187/4 115¾ 118¼ 114¼ 114 115 114 114¾ lOl:S¼ 108¾ 107¼ 108½ 108¾ 108¾ 107¾ 108¼ 111~ 114 111 110 110½ 110 110¼ 115¼ 116¼ 116¼ 117¼ 114½ 116¼ 116 1116¾ 112 118 111½ 118 111¾ 118¼ Ill¾ 118)4 112¾ 118¼ 112¼ 118¼ 114 115¾ 11-t 115½ 114½ 116¼ 114¼ 116¼ 114½ 115¾ 114¼ 115½ 108 108¼ 107¾ 108¼ 108¾ 108½ 107¾ 108¼ 114~ 114¼ 113~ il4¼ Open'g 111 Hlgh't 111½ Low'st 111 Clo-9'1?, 1 11¼ 112'( 117'' 114¾ 1 118 112¾ 117¼ 114¾ 118 11'!< 113 112k 1151/ 116 115¾ 100¾ 113¾ 118¼ 118¾ 116¾ 117½ 116¾ 110 112¼ 112¾ 112½1115 · 115¼ 115¾ 109½ 112!,i1 118 112¾ 116¾ 117½ 116¼ 110 109¾ 109% 109¼ 109¾ 112¼ 11~ 112 11~ 114~ 11:.l,f 114 Nov. 111¾ 113 111)4 112¾ 116¼ 117¼ 116¼ 117¼ 118 112¼ 112¼ 112% 119¾ 114 118¼ 115 118 112¼ 112¼ 112¼ 119¾ 118¼ 118% 115 118 113¾ 112¾ 112¾ 114% 115 114¾ 114¾ 120¾ 120¾ 110¾ 120¾ 114¾ 115¾ 115¾ 110¾ 110¾ 116¾ Open'g Hlgh't 114¾1115½ 115¾ 110 110¾ 116¼ Low'st 116}8 117¼ 117 111)4 112 117¾ Clos'g. 116¼ 117¾ 117¼ 111¾ 112¼ 117¾ I June. Open'g Hlgh't Low'st Clos'&'- 114¾ 115¾ 114¾ 115¾ Oct. May. Open'g Hlgh't Low;st Clos'g. 117¼ 118¼ 117 118¼ Sept. Apr. Open'g High' t Low•st -Clos'g. -◄ .July . 110 110¾ 109½ 110½ 110¾ 110¾ 109½ 110½ Mar. -Open'g High't Low'st <Jlos'g. 10-4011. 6s (5-20 years) Coupon. 6s 5s. 6s, 1881. Cur1881. r'ncy fund. coup. I Reg. Coup 1862. 1864. 1865. 1865n 1867. 1868. Reir. Coup 113¼ 109 112¾ 111¾ 113 113¼ 110½ 110¾ 109¼ 111¾ Jll¾ 109 111¾ 110¾ 112¼ 112¼ 109¾ ::.10½ 110¾ 109¼ llQ¾ 114¾ 114¾ 114¼ 114¾ Feb. Open'g Hlgh't Low'st ·ctos'g. I 6s, 1881. 10-40s. 6s (5-20 years) Coupon. 5s, 68 1881. Curr'ncy fund. coup. Reit. Coup 1862. !864. 1865. 1865n 1867. 1868. Reg. Coup 114¼ 115 114 114 114 115 114 115½ 116 114¾ 114¾ 1147/4 Dec. 116¼ 1177/4 117¼1118½ 116¾ 117¾ 117¼ 1181.6 117¾ 117¾ 117¼ 117:W 111¼ 111¾ 110¾ 111¼ 112¼ 112¾ Ill½ 112¼ 115 115 114¾ 114¾ I8'73. 1 10-40s. 6s (5-20 years) Coupon. 6s, 1881. 6s 5s, .:____-... Cur 1881. r'no fund. coup. Reg. Coup 1862. 1864. 1865. 1865a 11~67. 1868. Reg. Co\Jp 10-40:.i. 6s (5-20 years) Coupon. 5s, 6s, 1881. 6s 1881. Curfund. r'ncy coup. Reg. Coup 1862. ISM. 1865. 1865n 1867. 1868. Reg. Coup - 1- -- -- - - - - -- -- - - -- -- -- -- -- - - -- - - - - Open'g High't Low'st Clos'g . 113¾ 116¾ 118¾ 116¾ .Jan. 112¾ 115¼ 112¾ 115¼ 114¾ 117¼ 114¾ 117¼ 114¾I 112¾ 119}4 115¾ 114~ 112¾ 119¼ 11:¾ 118¼ 115¼ 118¾ 115 118¾ 116¾ 118¾ 115¾ 112¼ 115¾ 112¾ 115 118:}& 11.::¼ 113¾ 116¼ 110¼ 114 100¾ 114 109¼ 115½ 109¼ 115¾ 112¾ 115¼ 112¾ 115¼ Feb. Qpen'g High't Low'st Clos'g . 114¾ 115% 114¾ 115¼ 116¼ 118¾ 116¾ 118¼ 114¾ 115¼ 114¼ 115¾ 114½ 115¾ 114½ 115¾ 115¼ 116¼ 115¼ 116¼ 114¼ 114¾ 114¼ 114½ 116¾ 116¾ 116¾ 116¾ 116¼ lJ ';¼ 116¾ 116¾ 112,½ 112½ 111~ 111½ 115¼ 115¼ 114¼ 114% 115¼ Ill':'( 114~ 114¼ 118¾ 116¾ 118½ 115¾ 115¼ 118 120¼ 117¾ 118 116¼ 118¼ 115¾ llu 1177/4 120 117¼ 115½ 117;'5 115½ 117¾ 116¾ 118¼ 116¾ 118¼ 114½ 116¾ 114¾ 116¾ 116¾ 118¼ ll6 111% 116½ 118 116¼ 117¾ 111¼ 112¼ .10,½ 112¾ 111 112¼ 110¾ 112½ lll¼ 1pen'g 114~ 111 115 Hlgh't 11~ 117 118¾ Low'st 111½ 112 114!)4 Clos'g. 111½ 112 117¾ 116½ 118¾ 118¾ 11: 116 118¾ us-~_; 118 120;½ 118 120½ 115¼ 118 115¼ 117¾ 116½ 1197Ai 116½ 119¾ :!.16½ 117¾ 116 117¾ Ill½ 112 109½ 111¾ 112 118¼ 111 118½ 112)4 )pen'g 108¼ 112 115 High't 109 115¾ 112¼ Low'st 106¾ 109½ 11_ Clos'g. 1 ~ 111½ 118¾ ll3-,'.:i 118¼ 118¾ 11~5 117¾ 11~ ll6¾ 119¼ 120¼ 119},( 119¾ 116½ 117¼ 116½ 117~4 118 119½; 118 119½ ----11'3( 116 118 116 117¾ 117¼ 119¼ 117¾ 119 117¼ 118¾ 117½ 118¾ 118¾ 115¼ 118¾ 114¾ 114¾ 115¾ 114¾ 115¾ 114,J( :t17½ 118¼ 117~ 117¾ 119¾ 117¾ ll'i 118¾ IW(i 117¼ 119 117 118¼ 119¾ 118¾ 119 119 119 118 118 112¼ 113¾ 112¼ 118¾ 115¾ 114.H 116.).s 114,ff 115½ 113~ 116¼ 11~ 116½ 117¾ 116½ 117¾ 114.¾ 114~ 118½ 11' .'{ l: ,¼ 118½ Open'g ~- ~h't Low'st Clos'g. 114¾ 118¼ 114¾ llf',£ 114¼ 117¾ 11~ 117½ 119½ 117 120½ 117½ 119¼ 117 119½'.: 117 Sept. llC¼ 119% 1157-_ 115)4 118¼ 1187Aj 118¾ 118¾ 117¼ 117¼ 114¼ 115 11894 118¾ 110 110 116¼ 119¼ 1- ~¼ 119¼ 111¾ 113¾ 111¾ 11:}¾ 118'.hj 118¼ 118 118 114 114 112 112¾ 11~ 11~ 114¾ llSff 106 10~ 106 108}( 118¼ 115¾ 111½ 112¾ 108 109 105½ 106¾ 108 110 106¼ i v8½ 109 Ill¼ 107.½ 107½ 111¾ 118¾ 109¾ 109¼ 113½ 115¼ 110 112¼ 114 115 110 112¾ 108½ 109¾ 108½ 107 107~ 109¾ 105 106¾ 109 111¾ 108¾ 108½ 111¾ 114% 110¾ 114¼ 112¾ 115½ 112;.{ 115¾ 106¼ 109¼ 105½ 109¾ 106¾ 111 106½ 111 108½ 111 107¾ 111 110 118¼ 109¼ 113¼ 112 114% 110½ 114¼ 112 115 110 115 107 108¼ 105½ 1077/4 106¾ 108½ 105¼ 108¼ 108 11~ 108 110¾ 113¼ ')pen'g 109¼ Ill¾ 114½ High't · · · 1 113)4 116½ i18¾ Low'st 109¼ 111¼ 114¼ Clos'll. 111¼ 11~ 116½ 121 116½ 120¼ 112½ 116 110¼ 11~~ 111¾ 117¼ 111% 114~ 111¼ 117)4 111½ 115¼ 115¾ 119¾ 114½ 119 li5¼ 116½ 123 118¾ 115¼1116.½l 119½ 117¾ 109 112¼ 109 1111( l0S½ 108¼ 118½ 114~ 108¼ 108;, 118 114M Apr. Oct. Open'g 115~ 117¼ ,, High't 1118 .tG¼ Low'st Clos'g. 116 117¾ ·- 119¾ 121 11$¾ 120½ Muy. Open'g '..iigh't iLow'st <Jlos'g . Open'g Hlgh't Low'st Cl J'r; . - - -- -- Auai. Mar. -Open'g High't Low' st Clos'g. - - - -· July . Nov. 115¾ 116¼ 115¼ 116¼ 117¾ 111) 117¾ 118¾ i120¾ 114¼ ~14¾ 117½ 117½ 119¾ 118 115¼ 115¾ 114¾ 114¾ 115½ 117 115½ 1167/4 122¾ 128¼ 122¼ 122¾ 112 118¾ 115¼ '\22¾ 116¾ 116¾ 118¾ 119¼ 12)¾ 120½ 112¼ 114¾ 116¼ 120¼ 114¼ 114¼ 117¼ 117½ 119¼ 118 111¼ 118¾ 115 122¾ 116!¼ 116¾ 118¼ 119¼ 121% 120 112¼ 114¾ 116)4 Openg High't Low'st Clos'g. 108 109!,f, 106¼ 109½ .June. Open'g High't Low'st Clos'll . 116½ 117¼ 115¼ llMI: 116½ 117¼ 116¼ 117¼' 118½ 119 119¼ 120¾ 116¾ 119 118 ·120111 121¾ 121¼ 120¾ 121 120 120¼ 120 120¾ 118 118¼ 112¼ 118¼ 115 115 1127/4 114 1874. I 6s, 1881. 5s, - 10-40:i. 6s (5-20 years) ()oupon. tis Cur1881. r'ncy fund. coup. Reg. Coup 1862. 1864. 1865. 1865n 1867. 1868. Reg. Coup . - - -- --· ·- - - - - - - - - - - - .Jan. .July . 116¾ 117¾ 115¼ 117 117¾ 118¾ 117 118¾ 118½ 114¼ 112¾ 114¼ 115 l"L6¾ 114 116¾ 115 1177/4 115 117¾ 116 116¼ 114½ 116¾ 115 118 115 117¾ 116¼ 118 116 117¾ 111¼ 118 111¼ 1127"' 113¼ 114¼ 113 114¼ 114¼ 115¼ 114 115¼ Open'g High't Low'st Clos'g . 0 pen'g 111% 117¾ :Iigh't 114¾ 120)4 Lo w'st 111¾ 117¾ Cl os'g . 114~ 119¾ 118½ 121 118¼ 120½ 115¾ 118¼ 115¾ 117¾ 116¾ 120½ 116¾ 119¾ 116¾ 121¼ 116¾ 121¼ 116¾ 119¾ 116¼ 119¼ 117¾ 120¾ 117¾ 119¾ 117¾ 120¼ 117¾ 119¼ 110¾ 118¾ 110¾ 113¼ 114 116¾ 114 116¾ 115¾ 116¼ 115¾ 116½ Open'g High't Low'st Clos'g. ·0 pen'g H igh't L ow'st C los'g. 111 113¾ 111 118¾ 114½ 115¼ 114¾ 115¼ 119¼ 119¾ 118½ 119¾ 110¾ 121 119¾ 121 117½ 118¼ 116½ 1177/4 118 120 118 119¾ 120¾ 120¾ 119¼ 120¾ 118¼ 119½ 118 lHl¼ 119½ 120¾ 118¾ 120¼ 118¾ 120¼ 118,1,i 119¼ 112½ 11~ 112¼ 114¼ 112¾ 115¾ 112¾ 115¼ 116½ 117 115¾ 117 Open'g Hlgh't Low'st Clos'g. 115¼ 117 115~ 117 119¾ 120¼ 119½ 120¼ 121¼ 122 120¼ 122 118 118¼ 117¾ 118~ 119¾ 120¼ 119¾ 120¾ 120¾ 121¾ 120)5 121¾ 119¾ 120¼ 119 120¼ 120¼ 120% 119¾ 12CJ7A :!.19~ 120½ 119¾ 120½ 115 115 114¾ 114¾ 115 11~ 114!1; 115¾ 117¾ 117¾ 116~ 116¾ Open'g High't Low'iit Clos 'g. 115¼ 115¼ 115 115¾ 119% 120¾ 119¾ 120¾ 121¾ 122 120 121% 115¾ 115¾ 115 115¾ 117¼ 117¾ 117 117¾ 118¼ 118¾ 117.i,s 118¾ 119?" 120}1 119¼ 12'.l¼ 120¾ 120¾ 120¾ 120~ 120½ 120½ 11~¼ 120½ 114¼ 115¼ 114% 115¼ 115¾ 11[>¾ 114¾ 115¼ 116¾ 117¼ 116½ 117¼ Open 'g Hlgh't Low'st Clos 'g . Apr. 116½ 117¾ 116¾ 119 1114 116½ 117¾ 116¾ 116¾ 111½ 115¾ 116¾ 115½ 118½ Ill½ 115¾ 117 116¼ 112¼ 112¾ 112 112¾ 117½ 117¾ 117¼ 117½ 118¾ 118¾ 118¼ 118¾ 117½ 114 114 114 112½ 112¾ 1151-- 117¼ 117½ ll'r}i 118¾ 116)4 116 117¾ 118¼ 118¼ 118½ 112¼ 112¾ 117¾ 117¼ 117¾ 117¾ 110¼ 118½ 111¾ 110¼ 114½ 117¾ 109¼ 118½ 117¼ 110¾ 114½ 117~ 117', 11~ 117¾ 111¾ 112½ 111¾ 112½ 115¼ 116 115¾ 116 116¼ 117¼ 116¾ 117¼ 110¼ 116¾ 116 116¾ 118¾ 118¾ 117½ 117¾ 112¾ 117½ 113½ 112½ 115¾ 116¾ 116½ 117¾ 1177/4 111 111% 117¾ 112¾ 11r~ 118¾ 112¾ 115¼ 116¼ 116¼ lli¾ 1177~ 111 111% 1179' 112 116¼ 11~ 112¼ 115¼ 115¾ 115¼ 116¾ 116½ 110½ 111¼ 117¼ 112¼ 117¾ 118¼ 112¾ 115¼ 116 115¾ 117 117¼ 111 11:i.¾ 117¼ Oct. 112¼ 112¼ 112¼ 112¾ 117¾ 118 117¾ 1177/4 118¼ 118¾ lli 118½ 112¼ 118¾ 112¾ 113¾ 115¾ 116¾ 115'.k; 116¼ 116¾ 1177/4 116¾ 117¼ 115¾ 116¾ 115¾ 116¾ 117 1177Ai 117 117¾ 111¾ 113 111½ 113 118 119)4 118 119¼ 118¾ 119¼ US¾ 119¼ 110¾ 112¾ 110¾ 112¼ 118 114¾ 118 114¾ 114½ 116¾ 114¼ 116¾ 116¾ 119 116½ 119 117¾ 117¼ 1!2 112¼ 117.&, 120 119¾ 118¾ 114¼ 119, 117¾ 117¼ 111¼ 111¼ ll'i"Ji 120 119~ 118¾ 114¼ 119 117¼ 1177/4 117¾ 117¾ 111 112 lll 111% 111¾ 112¾ 111¼ 112¾ 117¾ 118¼ 117¾ 117'7" Nov. May. 0 peo'g H1gh't Lo w'st C los'g. 116 117¾ 115¾ 117¾ Sept. Mar. 0 pen'g H lgh't Lo w'st 01os'g. -- 118½ 113.½ 112½ 118¼ Auai. Feb. 0 pen'g ~ h't J.ow'st Jlos'g. ! 6:1 (5-20 years) Coupon. 10-40s. 6s, 1881. 6s 5s . I Cur1881. r'ncy fund. coup. Reg. Coup 1861. 1864. 1865. 1865n 1867. l~86S. Reg. Coup Dec • .J11ne. 0 pen'g 111 110!4 Blgh't 115¾ 117¾ Low'st 118 116¼ Clpe'.i• 114 117 121" 1111!< 117l, 118,( 11.,. 12()7~ 120¾ 11~ 114¾ 114¾ Open'g 113 116¼ 119¾ 112¾ 114¾ 116¼ 119 1.22 115¾ 117)4 118!,,( ~ 121¾ 121¾ 114¼ 114¾ 115¾ Hlgh't 118¼ 118¾ 122¼ 114¾ 116 US¾ 121 120¾ 115¼ 115~ 118 121¾ 118¾ 116)4 117½ 119¼ 11'% 120 122 ] 1 ~ 11'7 118 120½ 12t 121 119¼ 112¾ 11~ llfSM 120¾ 116¾ lUi)t 116 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 120 122 118½ 118¼ 114~ Low'st 1!2¾ ll5¾ 119½ 112)4 114¼ 116¼ 118!,( 119¾ 113~ 114 11~~ Clos'g . 118¾ 118 122 114¾ 116 118),( 120¼ 122 119'7/4 113¾ 114¾ 116~ U ,.!TED 50 STATE l87S. __ Open'g Hlgh't Low'st Clos'g. l 10-40s. 6 (5-20 years) Coupon. 6 , 1881. 58, Cur1881. I • r'ncy fund. ,_ coup. Reg. Coup 11362. :864. 1665. 1865n 1867. 1868. Reg. Coup Jan. EOURITIES. ---·- -- - - - - - - -- - - - - - - 1 ~ 11~ 118¾ :14J4 116¼ 1187<1 1177,i 118¾ 118½ 115 116 110¾ 119¾ 115% 117½ 119½ 118¾ 119½ 119¾ 116½ 114¾ 113% 118 118!1! 114}( 116 118¼ 117¼ 118½i ll8 115% 119¾ 119¾ 115½ 117¼ 119}2 118¾ 119½ 119¾ 116½ ~eb. 115 11.6¾ 115 118¾ -- 10-40s. 6s (5-20 years) Coupon. 6s, 188t. 6s 5s. Cur1881. r'ncy I fund. coup. Reg. Coup 1862. 1~. 1865. 1865n 1867. 1868. Rel!'. Coup ---- I Open'g Hlgh't Low'st Clos'g. 118¾ 1187.18 114¾ 116 121 121 119 120 122¼ 123 120 120½ Aug. llS¾j 119¾ 119¾ 1::.3¾ 116¼ 119¾ Open'g 115½ 119¼ 120¾ 114-}.( 115¼ 114¾ 114¼ 119½ 119¼ 118).( 118¼ 120 12()¾ 119¾ 120 115¾ 116¾ 115¾ 116¾ 117¾ 118 117¾ 117½ 120¾ 120¼ 119!,6 119¾ 114¾ 115½ 114½ 115>,( 119 120 llS-~ 119¾ 119¼ 121¾ 119¼ 121¾ 116¾ 117¼ 116¾ 117½ !17~ 118¼ 117½ 118¼ 119¾ 120¾ 119¼ 119¾ 118¾ 119¾ 118¾ 119¼ 119½ 1~½ 119¼ 120¼ 119¾ 120)1! 119¾ 120½ 113¾ 114½ 113¾ 114 113¼ 115¾ I-:.3)4 114¼ 118¼ Open'g 116¼ 120¾ 122 119½ High't 118}( 121½ 123¾ 11 }s Low·st 116% 120¾ 122 119¼ Clos'g. 118¼ 121¾ 123¾ 114¼ 117¼ 114¾ 117~ 120 122 120 121% 121 123¼ 121 123¾ 118¼ 118¾ 118}11 118¾ 118½ 121 118½ 121 121¼ 121% 121,s 121% 119¼ 122¼ 119¼ 122¼ 120 123¾ 119% 123¼ 119¼ 122½ 119¾ 122¼ 114 116>11 113¼ 116 I::.5½ 117¼ 115½ 117¼ lHl¼ i24% 119¼ 123¼ Open'g High't Low'st Clos'g. 116 117 11~ 117 121¾ 122% 121¾ 122¾ 123~ 124¾ 123¼ 124)8 116¼ 117¼ 116¼ 117 1177/4 118¼ 1177,i 118¼ 119:n 120¼ 119¾ 120¼ 121¾ 122¼ 121¾ 122¼ 123 124¼ 124 123 123 124¼ 124 116 117 115¾ 117 117)4 118 117 118 123¼ 124~ 123¾ 124¾ Open'g Iligh't Low'st Clos'g. Open'g 117¼ 120¼ 125¼ HS¼ 118.¼ 121¾ Hlgh't 119 121¼ 126),.( 118¾ 119¼ 122¾ Low'at 117¼ 1 ~ 125¼ 1177/4 118¼ 121¾ 11R7..; 122¼ JQ.f\V l1 R Clo10'ir 11~ 121 128¼ 124¼ 123¼ 124 124½ 125½ 124¾ 125¾. 12.J. nr~ 118¼ 122 125½ 118½ 119¼ 122)8 124 117¾ 118.¼ 122 125 1177/4 119¼ 1 ~ Open 'g High't Low'st Clos'u. Open'g High't Low'st Clos'g. ept. 118}4 118}( 116¾ 117¼ 121½ 121½ 120¾ 121¾ 128% 123¼ 122¼ 123 121½ 121½ 119.i-: 120 117¼ 1107<1 122¼: 1177~ 119)4 123 116½ 116¾ 122 116½ 116¾ 122 .... .... 115¾ 117 .... 115¾ . ... 117 119¾ 118½ 11{)¼ 110¾ 118¾ 118¼ 118,}s 118¾ 120}:i 120¾ 120 120¼ 120¼ 121½ 120¼ 120¾ 114¾ 115½ 114¾ 115½ 117¾ 119¾ 117¾ 119½ .... .... 117¾ 119¾ 117¾ 1187,i 117¾ 119½ 117¾ 119)4 119% 121 1197,,i, 120¼ 120 121½ 120 121½ 115¼ 117 115¼ 116¾ 116¾ 118 124 llti¾ 123¼ 117¾ 124 116¼ 110¾ .... 116¼ . ... 119¾ 123 116¼ 117¼ 115¾ 117¼ 121 122½ 120¼ 122½ 117¼ 118 116¾ 117 119¾ 120 119¼ 119¼ .119½ 120)4 119¾ 121¾ 121½ 116¾ 117¾ 124¼ 118¾ 118¼ 118½ 119½ 120½ 115½ 116% 123¼. 119 120¼ 119¾ 121¼ 121½ 116¼ 117¾ 128¼, 122¾ 124 122¼ 124 .... .... ... . ... 114½ 114¼ 114¼ 114¼ 123½ 125 123½ 123¾ .... .... .... .... ::::1 .... 18'16. 6s (5-20 years) Coupon. 10-40s. Reg. Coup 1665. 1865n 1867. 1868. Reg. Coup Opening .. .... Highest ....• Lowost ...... Closing ...... 116¼ 117¾ 119¾ 120 117¼ 119% 122)4 12:l 117¾ 118 119¾ 119¾ 117¾ 118 119¾ 119¾ 120~ 122¾ 120¼ 122% 116¼ 117 119¾ 120 123 ll7¼ 119¾ 122 ~22 123¾ 122 122¼ 122¾ 123¼ 122½ 123¾ 118¼ 11 ¼ 117 117¾ 119¾ 120 119¾ 119)4 121¾ 123¼ 116¾ 119¾ 1::.7½ 122¾ 123¾ 118¼ 121¾ 1!8% 121 123¼ 116% 119¾ 117¾ 121 128½ 118)4 121¾ 118¾ 123¼ 123¼ 121¾ 121¾ 123)4 123¼ 122½ 122¾ 118¼ 118¾ 118¼ 118½ !19¾ 119¾ 1187/4 118¼ 121½ UL% 121¾ 121¼ 123¾ 123¾ 123 123 118¾ 118?a 117¾ 117¾ 119¼ 119¼ 118½ 119¼ 121½ 122¼ 118¼ 122 1227/4 11 ¼ 120¾ 121¾ 117¾ 121¾ 122¾ i18¼ 1187,i 119¾ 118¼ 119711 121 121¾ 120½ 121¾ 122¼ 122¾ 122,!,4 122¾ ll7¾ 118¼ 117 118¼ 11 J.1i ;11 ½ 119 119 11 117¾ 119 118¼" 121½ 122¾ 121¾ 122¼ 119 119¼ ll$¾ 119¼ 121 121¾ 120¾ 121¾ 123 123 122¾ 122% 118 118 117½ 117¾ 118¾ 118¾ 118)8 118¾ 117¼ 117½ 117 ll'i¼ 115¼ 119¼ 121¾ 123¾ 123¼ 124¼ 116¾ 121 115¼ 119¼ 121~ 123¾ 122¾ 124¼ 11~ 121 117"~ 11 ¼ 117.½ 118¾ 118½ 11 ¼ 118¾ 118¼ 117¼ 117Y. 116¼) 117¼ ll6¼ 118¾ 116¾ 118¾ Mar. Opening ...... Highest ..... Lowest ...... Closing ...... 118¼ 119 118¼ 118¾ Apr. Opening ...... Highest ..... Lowest .. ... . Closing ...... lllay, Opening •..... Highest .... Lowest ...... Closing •..... 6s, 1881. 122½ 122¾ 122¾ 122¾ 114¼ 115¼ 114½ 115 June. ' .. .... Opening 119 122% Highest ..... 120¾ 124¼ Lo west ...... 119 122% ... 120 124 CJ Oflincr .... .... .... .... .... .... .... .... .... .... .... .... .... .... ... .... .... ... . .... .... .... .... .... . ... Opening•..... Highe t .... . Lowest ..... . Clo ing .... . . 125 128 1 25 127 Opening ..... . Highest .... . Lowest . .... . Closing ..... . 1 27>11 1 27~~ 126¼ 126¼ Opening ..... Highest ..... Lowest . . . . . . Clo ing ...... 115 113½ 113¾ 117}<.i 114¼ ll4½ 114¾ 112¾ 112¼ 116 113¾ 114¼ 112 11291; 111 111911 .... .... .... .... .... .... ... . .. .. Opening .•.... Highest ..... Lowest .. . ... Closing ...... 113¼ 10.'% 1()9¼ 112¾ 114½ 108½ 110¾ 113½ 111¾ 107¾ 108¾ 111¾ 111¾ 107¾ 108¾ 111% 115¾ 11().)8 113}8 116¼ 111¾ 114¼ 114½ 109½ 113¾ 114½ 10IJ½ 113¾ 110¼ 111¼ 10{,7-( 109¾ .... .... .... .... Mar. Opening .. .... }.Ughest ...... Lowest ...... Closing ...... Apr.· 111¾ 113¾ 111¾ 112¾ 1077/4 108½ 107:}t 108¾ 10 109½ 108 108¾ 110¾ 109¼ 111½ 110¾ 110¾ 109¼ 111¾ nQ¾ .... .... Opening...... Highest .. .... Lowest ...... Closing ..••.. 112¾ 114¼ 112¼ 114 108¾ 111½ 108¾ 111½ 108~, 111¾ 110_½1113 10 ½ 111¾ 110¼ 11231, ,lfpening ..... . 114¼ .... .... .... 114!,s 114¼ 113-it ll8½ Feb. ... . .... .... lfighest ... ... 115¾ l.,owest ...•.. 114¾ Closing ....•• 115½ June. Opening ...... 115 Highest •.•••• 115¼ 114§8 Lowest •••• 11!\ https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis .... .... .... .... 111¼ 112% 111¾ 111½ I 11~ 111~ 110¾ 110½ 110 110 1.09¼ 1/ml( 113 114¾ 113 113¾ 113½ 100¼ 114,<, 110¼ 113 109}.( 113½ 110¼ .... .... 118¾ 115.~ 118¾ 115¼ 110¾ 112¾ 110¾ 112 111½ 113 111½ 112¾ 110¾ 112¼ 110½ 112 .... .... .... .... 126¼ j 27 1 26¼ l 27 Opening...... Highe t, ..... Lowest . . . . . . Clo ing .. ... . 115 116 115 116 112¼ 113 118 113¼ 112¼ 112% 112¾ 113¼ 110¼ 112 110% 111¾ 108¼ 109 108¾ 108¾ 113 116½ 112 112:J,,! 111 118¼ 116½ 112¾ 113 112 112¾ 115½ 111¾ 112½ 119•,: ••,;1,: 112'6 119'.( 107 108¾ ~~~¼] ~:~ .... Opening ..... Highest ...•. Lowest ...... Closing ... . .. Dec. 124¾ Opening ...... 126;lt Highest . .... l 2-!i>s Lowe ·t ...... losing ...... 126¾ .... 118 118 118 1::.8 12:.. 122K 122 ~ 10-40s. 6s (5-QO years) Coupon. 6s 5s, . 4.½s 1 1 189i, Curcoup. reg. r•n~:, 119~ 119¼ 117¾ 117!),! 120% 120¾ 118 118 116 116¼ 112.½i 112¾ 117½ 1177~ 113 113 119¾ 119¼ 116¼ 116% 121¾ 121¾ 121 121¼ 115½ 116¾ 1!5½ 116¾ 119 119% 118¾ 118¾ 117 117¾ 115-¼ 115¾ 1~ 117¼ 1177/4 117 117¼ 118¼ 128¾ 117.½ 118.¼ 112¾ 113¼ 112¾ 113¼ 113}.{ 118¾ 113 113¾ 117 117 116¾ 116-}s 118½ 118½ 11 ¼ 118¾ 115¾ 115½ 114¾ 114½ 116 116 115¼ 115¾ 115¼ 115% 114¼ 114¼ 111¾ 127 111¾ 127 111¼ 126ff 111}4 ~ 117¼ 118¼ 115-}s 117¾ 119 119¼ 116¾ 118¼ 112¾ 114 111¾ 113¼ 113 113¾ 111~ 113¾ 116 llfl¾ 114¾ 116¼ 11 118 116½ 116¾ 114¾ 114¾ 113 114 115 115¼ 113½ 115-'.),! 114¾ 115¼ 118½ 114¼ 110¾ 111½ 110¾ 111½ 1~ 125M, 123 124~. 117¾ 117¾ 116½ 116.½ 118 118¼ 117 117 1::.0¼ 110¼ 109¾ 109¼ 113¼ 113¼ 112½ 112.½ 116¼ 116¼ 115½ 115½ 117 117¾ 116¾ 117¼ 114 114¼ 118% 113¼ 115½ 115½ 114¼ 114¼ 113¼ 118¼ 111¾ 111!),! 111¾ 111¾ 110 110 124~ 123ff 124 113¾ 1137/4 112¾ 113¾ 116¾ 117':}.{ 115½ I :7'( 109¾ 109:)fi 108½ 109¾ 112¾ 115¾ 116½ 113;)4 116¾ 118 111¾ 114½ 116½ UR ~ lHIV 1 11 112¾ 113¼ 112 113!,.; 118¼ 113¼ 111½ 113¼ 111.),q 112¾ llO}s 112¼ 109¾ 12!3'• 109¾ 12234 120J,i. IO 126!,6 123U 126U 124U JOR¼ 12231 t~1·. I July. 112 112½ 111% 112 . ... . ... 106% 107 106½ . ... 100¾ 109½ 109½ 108¾ 109¾ 112 112¾ 111½ 111½ 112% 113 112 112 113¼ 113¾ 112¼ 118 112 112 111 111 10 hi 109 10 ¾ 108¾ 105¾ 106 105¾ 105¾ 1~ 126 1283,i. 125 Opening ...... 112!,s Highest . . . . . 112¾ Lowest ...... 1 111¼ Clo ing ..... . 111.¼ . ... . ... 106¼ 107 ... 105% . ... 106¼ 109 100¾ 108¼ 10 ~~ 111¾ 111¼ 110% LO¼ 109¾ 109¾ 10 ½ 10 ½ 113¼ 113¼ 112 112¼ 109¾ 109 llO¼i 109 108¾ 1ora 108¾ lO'i¼ 1053,:i 105½ 104 104¾ 125 1253', 1~ 1~ . ... . ... . ... 105% 105% 105¾ ... 105% 107"~ 108 107 107¾ 110¼ 110¼ 100}!; 109% 108¾ 108¾ 106% 106¼ 100:¼ 108¾ LOO¾ ]09¾ 108¾ 106/~ 107¾ 107J.1! 105 108¾ 107¼ 105¼ 103 108 101¾ 101½ 1~ 12()% 105¾ 105% 105 . .. . 105¾ 107¾ 108¾ 106% 108¾ 109¾ 109¾ 109¾ 109¾ 107 107¾ 106¾ 107~ 107¾ 10 ¼ 107¾ 10 ¼ 107 105 10T.l1! 105¾ 106¾' 103% 107¼ 1 lf\5¼ 101¾ 102¾ 101¼ 102¾ 1~ 1~ 1~ 1~ 10,~ 10 ¼ 106¾ 109)4 111½ 10 ¼ 10&¼ 110 105¾ 10 ¼ 107➔4 10 ¾' ... 106¾ 109.¼ 111½ 108¼ 108½ 106¾1105½ 107 105% 106½ 105½; 106¼ 105¾ 102½ 102¾ 102¼ 102¾ 121 122 l!l~ 122 107 107¾ 105¼ 105¾ 102¾ 12~ 103¼ 122¼.t. 101 1120 101½ 120 Aug. 123}.{ 123¾ 122½ 122.½ Opening .•... Highest .. .... Lowest ...... Closing ...... 111 111 110¾ 11071i Oct. 123-}s Opening ...... 124¾1 Highest •..... 123:kl Lowest ...... losing ...... 124½ 1 110¼ 110¾ 109½ 110¾ .... . . .... . . .. . . ... 123 ~ Nov. 125¼ 125¼ . ... L2b¼ . ... 125¼ .... 117½ 117¼ 116% 117¾ 6s (5-20 years) Coupon., 10-40s. 6, 4s, 6s 1881, 1~1. 1907, Curcoup. coup. reg. r'ecy coup. 1865. 1865n ~ , 1868. _Reg. Coup 121¼ Opening ...... 123¾ Highest ..... 121% Lowest ...... 123¾ Clo ing ...... .... . ... . ... 123 123 122¼ 122½ Nov. l 26-¼ 1 27¼ 1 26¾ 127¼ 122¾ 123¾ 122¾ .... 123¼ .... 122¾ 123¼ 121½ 123 116¾, Oct. .... .... .... ... . .... 116¾ 120:)g 121 115½ 119¾ 12()¾ ll6 123¼ 1~ 128~ 12&,,l 120 120½ 116¾ 117¾ 11~ 121¾ 118¾ 1187 117¼ 119 118¾ 120 120¾ 116¾ 118¼ 120¼ 121¾ 11 1177/4 11~ 117¾ 119¾ 119¾ 115¾ 117¾ 119¾ 121 ll9¾1~11~1~119¾Wkl~ll~ll8¼ ept, May. r1,...!i:".,... ... . 117¾ 117¼ 117¼ 117¼ Sept. - - - - - - --- 109¾ llO}jl 118~\ 109½ llO¼ 114 108'1 109¼ 112¾ 113 lOR¼ 110 4tpening .•.... Highest. ..... Lowest ...... Closing ...... 116¼ 117 115½ 117 Aug. 1~l'i, --· 121½ 122¼ 120¼ 122% July. 1 1 1 1 1 10-40:i. 6s 4s, 5s 6s, 6s (5-20 years) <;oupon. 190i, Cur1 1, 1881, coup. coup. reg. r'ncy coup. 186~ 1865n 1867. 1868. Reg. Coup Jan. 120U 122¾ 120:½ 122¾ _ _ _ _ Reg. Coup 1865. 1865n 1867. 1868. Rell. Coup --- - - - - -- - - - - - - - - -- 119¾ 122 119¾ 122 ... . 119 120¾ 118¾ 120¾ 116½ 116.½ 115¾ 116¾ ---·-- - -------:--,---,--- 1~t 5s. ausr1881. c coup. reg. r' ney Feb. Opening ...... Highest •.... Lowest ..... . lllosing . . ... . 1~'" .... 119¾ 119¼ 119¼ 120).,; 121¾ 116¾ 117¾ 124¼ .... I Jan. 122}( 123 122~ 123 . ... Dec. June. 6s, 1881. 122¼ 122¼ 117¼ 12() .... Nov. May. Open'v High't Low'st Clos'g. -- -- 122¼ 122¼ 118 120¾ 118¼ 118¼ 116 116 115¾ 116¼ 115¾ lltl¼ Oct. A.pr. Open'g High't Low'st Clos'g. High't 117¼ 121 122 Low'st 115¾ 119¾ 120¾ Clos'g. 117¼ 120¾ 122 119}s 120½ 120 1!4¾ 117¼ 120 118-}s 119¾ 119¾ 113¾ 116¼ 110 118¾ ll~a 119¼ 114¼ 116¼ 119 Mar. Openg High't Low'st Clos'g. -- 120½ 120:i,i 117¼ 118¾ July. 1177,il 120 117¼ 120 Opening .•.... Highest ..... Lowest ...... Closing ...... 110¾ 110¼ 110¼ 110'7,i Dec. 122~ Opening .•.... 110¼ 122% Highest .. .... 111 Lowest ...... 109½ 122 1()0,, / r'ln1>ln1r . •.•. . ]007/4 ·· •· 105¾ 108¾ 110 . ... . ... . .... .... ... . 106½ 106¾ 10~ . ... lO'J.'J,( 109¾ 111½ 108¾ 109 109¾ 111¾ 108¾ 109 108¼ 110 10~, 107¼ 108½ 110 106¾ 107½, 105 105¼ 103¼ 103% UNITED SECURITIE . 51 1878. I 6s (5-20 years) Coupon. 5s 6s, 1881 1_ _ _ _ _ _ _ _ _ 10-40 5s, 1881 4¼s, '91 Coup Coupo'n Co up. Coup. Co':_::cy. 1865 n . 1867. 1868. .• ... I···=•- --------------- -- .Jan. Open'g IDgh't Low'st Clos'g. 106% 107¼ 106¼ 106¾ 106¼ 105)4 106 105¼ 105¼ 102¾ 103¼ 102¾ 1027,-s 109),( 106¾ 108¾ 107¾ 108¼ 107¾ 108¼ 105¼ 106¾ 105¼ 105¾ 103¼ 104¼ 103¼ 103¾ 11)19:( 118¼ 119½ 118½ 119½ 102¾ 101¾ 102 106½ 106½ 105¾ 105¾ 103 103¼ 102¾ 103¾ 108¾ 109 108 108¾ 105¾ 106¼ 105 105¾ 108½ 108½ 106½ 106¾ x04¾ 104¾ 103 103¼ 103¼ 103½ 102¾ 103¼ }02¼ 102)4 101¼ 102 118¼ 119½ 118½ 119¾ 103½ 104% 103¼ 104:)lj _;_05¼ 107¼ 105½ 107¼ 108¾ 109 108¾ 109 x03¼ 105¾ 103¼ 105¾ 103 104½ 103 104¾ x01% 103 101¼ 103 101¼ 101% 100¼ 101¼ 119 119 118 118 Ope::i'I!' High't .Low'st Clos'g . 107¼ 107¾ 107¼ 107¾ 104¼ 104}J 104 104 107¼ 109¾ 107'~ 110½ 107 107 110 105¼ 106 105¾ 106 104¾ 105¾ 104¾ 105¾ 103¼ 1,03¾ 102¾ 103¼ 100¾ 100¾ 100¾ 100½ 117¾ 119¼ 117¼ 119,¼; Open'g High't Low'st Clo s'g. 109¾ May. Open'g High't Low'st Clos'g. Open'g Hlgh't Low'st Clos'g . 105}8 107¼ 105}8 107¼ A.pr. Open 'g High't Low'st Clos'g . x05¾ 106¼ 105¼ 105¼ x108 108¼ 107¾ 108¾ 109 109¾ 108¼ 109¼ 107½ 108¼ 107½ 108¼ 102½ 102¾ 102¾ 102¾ 105 105½ 104¾ 105½ 108 103 108 108 108¼ 108¼ 107¾ 107¾ 102¾ 102¼ 102¾ 102¾ 105½ 105½ 105¼ 105¼ 107¾ 108¼ 107% 108¼ 108 108¼ 102¾ 102¾ 108¼ 109¼ 108¼ 109¼ 109¼ 109~ 109¼ 109¾ - - - - - - ---- 107¼ 107¼ ----. xOO¼ 1201, 106¾ 101¼ 104¾ 104¼ 104¼ 104¼ 100¾ 100¼ 100½ 12oxc. 120 1209(i 109¼ 109¼ 103¾ 108% x06¾ 106¾ 106 106¼ 104¾ 105 104¾ 104¾ 100¾ 100¼ 100¾ 100¼ 12QH lzo,f 107¾ 108 107¼ 107½ x06½ 106½ 106 106¼ 106¾( 106¼ 105¾ 105¾ x03¾ 103¾ 103¾ 103¾ 100¾ 100¾ 100½ 100¼ 11~ 119Ui 119¾ 11~ 105¼ 106¼ 105¼ 106¼ 107¾ 108 107¾ 108 106¼ 106¾ 105¾ 106¾ 106 106¼ 105¼ 106¼ 108½ 104 1027,11 104 x99¼ 100¼ 100 119¼ 120¾ 119¼. 12()% 103¾ 103¾ 103¾ 103¾ 106¼ 106¼ 105¼ 106¼ 108½ 109½ 103¼ 109½ 106½ lCh¼ 106½ 107¾ x105 106¾ 105 106¾ 104 105¼ 10-1 105¼ 100 100¾ 100 100¾ 121¾ 122 121~ 12'J 103¾ 103¾ 103¾ 103¼ 106¼ 106¼ 105¼ 105¼ 10~ 109¾ 108 108 lOi¾ 108¼ 107¾ 108¼ 106¾ 106¼ 106¼ 10~ x04¾ Sept. Mar. Open'g High't Low'st Clos 'g. x02½ 102¾ 102¾ 102½ --- Open'g x07¾ High't 107¾ J,ow'st 107 Clos'g . 107¼ I ,.. I 1867. --July . 1868. 10-40, 5s, 1881 4¼s, '91 4s, 6s, cur Coupon Coup. Coup. Coup. rency. 1865 n. Auir. Feb. Open'g Hlgh't Low' st Clos·g . 6s (5-20 years ) Coupon . 6s. 1881 Coup. 107¼ 108¼ 107¾ 108½ 103¾ 104¾ 103):! 104¾ 106¼ 107% 106½ 107¾ Open 'g High't 108¾ 110¼ Low 'st CJos'I!" . 110¾ 104¾ 105¼ 104% 105¼ 107¼ 108¾ 107¼ 108¾ luS¾ 100½ 101¾ 100¼ 101¾ 110¼ 122 119 122 Open'g High't Low' st Clos'g . 107¼ 110 111¾ l09¼ 110 l07¼ 111¼ " 109¼ 105% 107 105¾ 107 x03¾ 104¾ 103¾ 104¾ 101¼ 101¼ 101¼ 101¾ xll0 120¾ 110 ., 120¼ Open'g Hlgh't Low'st Clos'g. 6s, 1881 Dec. Coupon Bonds. 5-20s. 1868. 1867. tMA. 10-40s. 5s, 1881 106% x02¾ 102¾ 101¾ 102 106¾ 106¾ 105¼ 106¾ 102¼ 102¾( 102 102¼ 106¾ lOti¼ 106¾ 104.¾ 104¾ 102¾ 103¾ 108¾ 108¾ 104¾ 105 107 104¼ 106¾ 104¾ 106¾ 101½ 105¼ 106¼ Lowest •••••.• . . Closing ........ - - July. 119½ 121¼ 119½ 121¼ Opening .. .... Highest . ... . . Lowest . . . . .. . . Closing . ....... x04¾ 104¼ 1~ 104¾ Aug. Feb. Opening ... .. .. H igbest ••. . .. .. x99¼ 100 99¾ 100 6s, 1881 102½ 1027,-s 102½ 102¼ 105 105¾ 104¾ 104¼ 106¾ 106¾ 106 106¾ x04¼ 104% 104¼ 104¾ 100 100¼ 100 100¼ 120¼ 122 120¼ 122 Opening .. .. .. Highest . . .. . .. Lowest ........ Closing ....•... 104¾ 104¾ 104¼ 104¾ Sept. Mar. 0 pening .•.•.... H igbest ...... . . Lo west .. ••... . Cl osing .. ... ... 106% 100¾ 105¾ 106¾ Apr. 0 pening ...... . H ighest . . .... L owest .... . .... Closing .... . . .. 106¾ 106¾ 1057,11 106¾ May. Opening .... . ... Highest . ... . ... Lowest . . ... • ... Closing ... ... .. June. Opening ....... Highest .. . ..... Lowest .••...... Closing ........ 106½ 107½ 106½ 107½ ,~1 107% 107¾ 107¾ 102¼ 102¼ 102¾ 102¾ 10~ 102¾ 102 102¾ .... .... .... .... .... . ... .... .... x02¼ 102¾ 101¾ 102 102 102 101¾ 101¾ .... .... .... ... . .... ... . .... .... .... .... .... x05¼ 105¼ 104 104¾ 122 122 121¾ 121¾ 100¼ 100¼ 99¼ 997/4 121½ 124½ 121 ½ 124¼ X99 101M 99 101~.! 106¼ 107¼ .... 106¾ .... Opening ..... . Highest . . .... . Lowest ........ Closing ....... . .... 1031}.( .... 103¾ 103:)8 103¼ xOO¼ 106½ 105¾ 106¼ 1027/4 10;:s 102½ 102¼ x23½ 123½ 123 128 Opening . ... .. Highest .. . .. .. Lowest .•.... . . Closing . ....... . .. . Dec. I .... .... .... .... .... .... .... 1247' 1- 5½ 124¼ 125:½ 107¼ . ... ... . .... 105¾ 106¾ 105¾ 101'.i¼ 101¼ 103½ 101¾ 103~ ... . .. .. . ... .... .... .... .... .. .. .... .... .... .... .... .... .... .... .... lJ~ 119. 11~ 6s,eur-. mt 4s, 1907 ri~M: 108:1\( 104¾ 103¾ 104¼ 106¼ 106½ 105¾ 106¾ x01% 102¾ 101¾ 102¼ 128 124 122%, 121%- x02¾ 102¾ 101¾ 102¼ 106¼ 106¼ 105 10~ 102 100¾ 101¼ :102xe 103 102}( 103 x04¾ 105¾ 104¾ 105¾ 101¼ 102¾ 101¼ 102¾ 102¾ 103½ 102¾ 103¾ 105¼ 105¼ 105¾ 105¾ xOl¾ 102¾ 101¾ 102¼ x02¾ 102¾ 102 102¼ 106¾ 107¾ 106¼ 107¼ 102¼ 103¾ 102¼ 103¾ 124¥ 125 124 124)4 102¼ · · · 1 103¾ 102½ . I 103¾ x'.>5¾ 106¾ 105¾ 106¾1 103 104¼ 103 104 x21~ 122 1213' 10-40s. 5s, 1881 - - - - - - - - -- .... .... .... 105 105½ 105 10~ 107 1077/4 107 107¾ - .... .... .... Opening ..... . Highest ....... Lowest .. .... .. Closing .. .. ... . xOS¾ 104 103½ 103¾ 1868. .... .. .. .... .. .. Nov. - ... . .. .. .. .. .... .... .... .... .... .... .... .... .... .... .... ... . 104~ 106¾ 104¼ 106¼ 104¾ 105¼ 104½ 104¾ - 1867. - 104¾ 105 104¾ 105 Opening . . . ... . Highest .... . .. L o west ........ Closing .• Oct. .... .... .... .... 104¾ 104¾ 103¼ 104¾ 5-20s. xl19 - Coupon Bonds. 6s, Cur4s, 1907 rfB9CJ:• reg. ----- - - - - - - -- - - - - - Jan. 0 pening ..••.... H ighest .. . ..... L owest ....... .. Closing .. . . .. .. 100¾ 104¾ [ 100½ 101 100¾ 104¾ 100¼ 18?'9. -- '- 108¼ 104¼ 103¼ 104¾ lOT~ 99¾ Nov. 104½ 105¾ 104¾ 105% 109)4 109--~ June. 105¼ 120}' If. Oct. 105¼ 107¼ 109¾ 109¾ 119'{ .... .. .. .... . .. . .... . .. . .... .... .... .... .... .... .... .... .... . ... .... .... .... .... .... .... ... 10~ reg. 1~ 123~ 128~ ~ .... .... ..... .... 128. 123128123 121 18~0. Coupon Bonds 68, 1881. 5s, 1881. 4¼8, 1891. 4s, 1007. X February. lpening ...... ............... ... Highest ............. . ... .. .... .. Lowest ...... .. ................. Closing ..... . ..... .. ...... . ..... March. Opening ......................... Highest .... . . .................. . Lowest ...... . ...... . ........... . Closing ..... . ................... April. ............. Opening .... . .. . ... Highest ........................ Lowest ......................... flloslng ..... . .................... 104¼ 104.¼ 104¼ 104¼ X103 Lowest .......................... Closing ......................... June. l,pentng_ .... ·················-· llighest ...................... -... lowest ........•••............... lbs1.na ..•••.••••••••...•..••. 1 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis .............. .. 106¾ 107¾ 108¾ 107~ 103 103¾ 103 103½ 107¾ 109¼ 1077,-s 108¾ 105¾ 107¼ 105 106¾ 108 108½ 107½ 108½ 106¾ 107¾ 106½ 107¾ Opening ..... Highest ... . ... . .................. L owest .. . . ..................... Closing ...... . ............... . . Opening ....... Highest ..... . .. . . .. ............ Lowest . .. . .. . . . .. . . Closing . . .. .. ...... ... . ........ . 104¾ 103 104¼ August. 105¼ 105¾ 105¼ 105¾ X 5s , 1881. 4½8,1891. 4s, 1907. July. 108¾ 104 103¾ 104 126 126 126 126 .... Opening .. .. . . . . . . .......... Highest . . .... .. ......... L owe st .. . .. . .................... Closi ng . ..... ... . ............... X 104¼ 104¼ 103¾ 10-!¼ 104½ l<J.!;14 104½ 104¾ X 103¾ 103¾ 103¾ 103¾ 109¼ 110¼ 109¾ l~0¼ x108¾ 109¾ 108¼ 109¾ 102¾ 102¾ 102¾ 102~ 111¾ 111¾ 111 ¾ 111¾ 1097/4 110¼ 109¼ 110¼ 102¾ 102¾ 110¼ 110~ 102¾ llO¾ 110¾ 109 109 102¾ 103 102½ 103 108¼ 110½ 108¼ 110½ 102 102 101¾ 101¼ 111¾ 112¾ 111¼ 112 109¼ 111% 101¼ 101½ 101 1 013' 111'½ 1111¼1 112 111~ 118¾ 112 '1WV 6s,cur. 18Y8. reg. --128 12& 12& litl September. ············· .... 105¼ 105¼ 105¼ 105½ 103¾ 103½ 103 103¾ 106¼ 106¾ 103¾ 104 103¾ 104 109 109¼ 108¾ 109 xl0fl¾ 107½; 1013¾ 107¼ Opening ......................... Highest ........................ L owest ........................ . Closing .......................... 106¾ 107¼ 106¾ 106¾ xl02¼ 108¾ 102¾ ]{l3¾ 109¼ 110¾ 108¼ 107¾ 109 107¼ 109 Opening.. .. ......•.••.•.••••••.. Highest ........................ Lowest ...................... . .. Clusing\ ........................ ~06¼ 107¼ l<>S;t 103¾ 108¼ 10~ :w~ Opening ... ................... . .. Highest................ ......... Lowest •••••••••••••••••••••.•• Closinir ..... .... X 104~ 104% 104½ 104¼ 102½ ]O~ 108¼ October. 106¾ 105¼ May. Opening ......................... B.ighest ........................ 6s, 1881. ·- - - - - - - - - - - - · January. Opening ... ..................... Hil!'hest ......................... Lowest ................... . .... . Closing ......................... Coupon Bonas. Rs, currency, 1898, r eg . l0i¾ 104% 104¾ 104¾ X 107)4 109¾ 107¼ 109¾ November. 106¾ 107U 110¾ IX iOl»s I 109¾ 1097A 109¾ 1~ 1~ 1~ 184¾ 104¼ 104¾ 104¾ X 110 112¾ 180 130 1~ 1!93,f December. ·············· 104¼ 104¾ 104¼ 1~ 111¼ 134 :\8' 1~ •¥ U ITED 52 ECURITIE . STATE 1881. Coupon Bunds. 6s, 1881. 5s, 1881. 4¼s, 1891.! 4s, 1907. Opening ........... . Highest ..•• . ....... Lowest . ..•.•. . •.. Closing .... . ..... . .. . July. 1027,,i 103 1027( 102¾ *102:)( 102:)( 101¾ 102 114¼ 114¾ 114¾ 114¾ xll77( 117¼ 115:)( 116¾ 102~ 102¾ 101¾ 101¾ 10~ 102¼ 101 101¾ 114¾ 114¾ 113¼ 113¼ 118¼ 11~ 1141¼ 115:)( Opening . ... . . . .. . .. Highest .. . .. .. . . ......... ... ... Lowes t •...•••.•..•.....•.•. . t losing .. . . . ...... .. . 101¾ 101¾ 100¾ l0l 101¾ 101¾ 101 101¼ 113 113¾ 1127/4 113¾ 116 117¾ 116 117¾ 133 133 133 133 Ope • ing .... .. . .. .. . ........... . Highest ... .. ..... •. . ....•...... . Lowest .•. .. . ... . . . . . . .... .• . .. .. Closing .. . . ... ... 100¾ 101¾ 100¾ 101 xlOO¼ 102¼ ·102.!1; 113 113 113 113 185 185 185 185 Opening •••... . Highest •. •.. .... . . . •. . . .... . .. Lowest •. ... •••• . •.. . .... . .. .... . Closing... ... . .. . ... .. . ..... . ... . 101¾ l0l!J( 101¼ 101:J~ 102 102¼ 101¾ 102,¼ 113¾ 11~ 11~ 114¾ ~16¼ 117¾ 116 117¾ 184 184 184 Opening . . .... ...... . .... .... Highest •.. . .•. •. ••.•.. .• ... . . . .. Lowest ..... . ......•...... •.. . . . 118:)( 117¾ 118¾ 117¾ rno~lnll' . . 102½ 108¼ 102¾ 103½1 x113¾ 114¾ ,'lA lOQ¾ 101¾ 100¾ 101¼ 1141¼ 11~ 133 133 l33 133 101,½ 101:Ji 101¼ 101¾ 101,½ 101¼ 101¼ 101¾ 112 ll2ik! 112 112¾ ············ ··········· ....... .... 101¾ 101:)( 101¾ 101¾ xlOO¾ 101 100¾ 100¼ 112¾ 112¼ 111!1:{ 112¼ 112¾ 114 112¾ 112¾ ·········· ········ ... ............ ............ 102 102¾ 102 102¾ 101 102 100¼ 102 111!'( 112¾ 111¼ 11 2¾ 1127/4 114¾ 112¼ 114¾ 131 131 131 131 ............ ············ ············ 102¾ 103'",1,s 102¾ 108¼ 102¼ 102¼ 102 : 02¼ 114 116¼ 113½ 116¼ ············ ........... ············ ..... ...... X February Opening ... . ..... . . . Highest .•••....... . ............. Lowest .• • ... . ..... Closing ....... . .... . Ma1·cb, 8s, 1881. 5s, 1881. 4-½s, 1891. 4s, 1007. - - - -1- - - January Opening ....... . . . • Highest ........... . Lowest......•...••. . Closing•.•• . ..•. . ... Coupon Bonds. 6s, currency, 1898, re/l. April. Opening ... . .•. . ..•. Highest •....•..•••• Lowest ..•. . ...•.•. . Closing..... . . . ..••. ············ ............ May. Opening .... . ..... . . Highest •••......••. Lowest ...••.•.•.•.• Closing .••.......... X 112¼ 114¾ 112¾ 1 :4¾ X X 112,½ 113¼ 112¾ 1127/4 108¾ I O!% 103n 106½ xl0l ¾ 105 101¾ 104¾ 114:)( 116¾ 116¼ 1187,( 116¼ 118¼ Opening .•.•. . ..•.•. ............. • 104 Highest ...••••.•••• 104 Lowest .•••...••••• 1027/4 104xi 104¾ 108 xll5¾ 115¾ 114¾ 118¾ 118¾ 117¾ .... ....... ····· ······ · ............ 114¾ 116,½ .... .... .... .... June. ············l .... .1 ~08inll. ,, . 10RI.,( 10H 1 IR X Opening .. . ............ . ........ Highest Lowest ..... . ...... . ............ Closing •••. •.........••••••••••. ........................ August. Opening .••.... . ...•..•.•••••••. Highest •••.•• . •.•••.•••••••••••. Lowest ..... . . .. ................ Closing . . ... .. .. ...... •.••.•••.. September. ······ ····· .. ··········· October. ·· ·· ·······-· · ........ ........ November. December. X X 99¾ 6s, C renc:r lt--98,'rg. -- ... ... ... ... ... ... ... ... ...... .. ... ... x llt,¾ ... ... 1113¾ 115¾ 116 ... ... ... ... . .. X 1882. . - C'oupon Bonds. Registered Bonds. Os, cont•ct '5s, cont'd 4¼s,189~. 4s, 1007. 6s, cur'cy. 18s, option at3½ . at 8½. 1898 u. s. January. --- --- --- --- Opening ............ Highest •••• . •..••.. Lowest . . . •...... . Closing ..... . ....... . 100¾ 101 100¾ 101 x102¼ 102:)( 102¼ 102¾ 114¾ 114¾ 114¾ 114¾ 181 131 131 181 February. Opening ............ Highest •.•• . ....... Lowest .•.....•... . Clo11i.ng .............. 101 101 100¾ 1~ 102¼ 102¾ 101¼ 102 10()¾ 101¾ 100¾ 101¾ 102 103¾ 102 103¾ 101¾ 101¾ 101¼ 101¾ xl02¾ 103 101¾ :02¼ .... .... .... .... 118 114¾ 114¾ 114¾ 114¾ 118¼ 117¼ llS March. Openlng ..••.•.... . Highest •.. ••. ....•.. Lowest ..•.•••.••.•.. Closing•..••••.••. • .. X 113:)( 118¼ 113¾ 113¾ 118 119¾ 1157( 116¼ 115¾ 1:6~ xllS¾ 121:J:{ 118¾ 121 May. ...... Opening ............ Highest ••.....•.... Lowest .....••••.. .. Closing •......... . .. 101¼ 101¾ 101¼ 101¾ .... .... ~O¾ .... .... 120:J:£ June. Opening ••.•..•••.•. xlO0 H!ghest ............. 100¼ Loweat ............ 100 101¼ 101~ 101¼ 10/ll.l 101'( Cln•in11. x114¼ 114}4 114¼ 114\,j, . ... .... .... .... .... 121 121¾ 116~ 116¼ 115½ 115¼ 102¼ 102¼ 101¼ 101)4 .... .. .. 119¾ 120¾ 120:)( 120¼ 120~ .... .... .... us .... .... .... .... .... .... .... .... .... .... .... .... April. Opening .•.•••••••.. Highest •••• .•••••••. Lowest •.• Closing....... Reglster'd Bonda. Coupon Bonds. 6s, cont'd 5s, cont'd 4¾8, 1891. 411, 1007. 6s, ~~~Y', 88'6.~~•n 1 at3½. at3¾ . ---- - - - 117¾ 118¼ 117~ 118½ .... .... .... .... .... .... ... .... .... .... .... .... .... ··•· 130 130 129 129 July. - - - ---- ---x:119 .... .... 120¾ .... .... 118¾ .... .... I Opening .... . .. . ... . Highest .... . ... • .. . Lowest •••. . ....... . Closing ••.... .. .... . 102 102 1017( 101¼ Auirust . .... Opening ........•. . Highest .•••.•.••.• . Lowest ••......• •. . Closlng •. . .....•••. . 114 115 114 114¼ 1017( 101¼ 101¼ 101¼ 114¾ 114¾ 114¾ 114¾ 120¼ 120),.( 119% 119¼ 101 101~ 100¾ 100¾ 113 113 1127/4 112¾ 119¼ 1207( 119,¼ 110¾ .... xl00¼ 100¾ 100¾ 100¼; 113¼ 113¼ 113 113¼ xllS¾ 119¼ 118¾ 119¼ .... .... -··· .... 101~ 101¾ 101¾ 101:)( 113 113¼ 113 113 119¾ 119½ 118¼ 119¼ .... .... .... 101¾ 103¾ 101¾ 103¾ 1127/4 113¾ 120¾ 121' 120 120~ .... . .. .... September. Opening ••. •....•. •. Highest •.•...... •.. . Lowest ••••.•.••.. •. Closing••••.•....•.. . October. Opening.•.••.. .. •. •. Hlghest .. . .. .. .•... . Lowest ... .. .. . ...... Closing .• . .. November. Opening..... . . . . ... Highest •.... •.. . ... . Lowest . . . . ..• .. ..... Closing....... .... .. , December. Opening . . ...•. •.... Highest ....••••• ••.. Lowest •• ••. .• ••.•••. Closing . . •• •.••. ••.•• 101 102¼ 100:Ji 101¾ X ! .... .... .... .... .... .... .... ... X 1127,-a 118¾ .... .... .... .... .... .... .... .... .... .... 120¾ .... .... .... .... .... .... .... .... .... 1023' 102~ 102~ 102~ II ........ 102~ 102~ 101~ 102 .... .... I .... I .... .... .... .... l 102;( 103 10~ 103 1883. Coupon B onds. Coupon Bonds. Registered Borum. 5s, cont'd 4-½s, 1891. 4s, 1oo7. 3s, option 6s;cur'07. at 8¾ . U .s. ~898. Registered Bonds. 6s, cont'dl4¼s, 1891. 4s, l907. 8s._9ption 6s, cur'cy at 3 79 • u. S. 1898. -----------! ' - --- ---- - - -- --- - - - January. --------~----- - - - - - - ---- --July. ()penlng ... , . •......... ••. ... ~hest. . .. . . . . . . . . . . . . . . . . . . . . Lowest • . . . . . . . . . . .. . . .. . . . -Closing.... . ........ ............ . " pening ••...... . .... •.. .. • Highest .... . . . ... ... .. . . .. Lowest . . . ........ . .. .... .. Closing ....... X 102 10-1 102 104 113¼ 1037/4 103'¼ 1037/4 103¼ 113¼ X 113¾ 112~ 118 119½ 119¾ 118¾ 118½ X 1087( 104¾ LOS¼ 104¾ February. ·Opening ....... .. .. . ....•.•.... . Hlghest •. .. . . ....... . .... .. ... Lowest ..... .. ..... . ...... . .. . . <,losing.: .. . ................ ... . . <IOllf.lMl••.•••••••••• •••••••...•..• https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 112¼ ···· ·· ········--· ······· · 118 112¾ 1:2¾ 1187,,i 119¼ 118½ 119 103¾ 108¾ 103 103 118 118¼ 112?.( 113¾ 119)1 119¾ 118'¼ 119¾ 103 103¾ 103 103¾ 112¾ 119¾ 121¼ 119¾ 121~ 103¾ 103¾ 101½ 101½ 185 182}.G 185 100,¼ 100¼ ,100}4 xlOO½ 18~ 186½ 185¾ 136¼ ]~~ 1S631j 196¼ 186 186 X August. 113¾ 113¾ 113¾ 104¼ 104¼ 103¾ 104¼ Opening .. . .... .. . ... .. Highest • . ... . . •.. ... .. . .. .... . . Lowest ...... • .••. ··· ······ ·· ··· Closing •... . ....... .. .. . ... . ••.. 119¾ 120½ 119 120½ JO! 104¼ 103¾ I0S:¼ Opening •• . .•.... .... . . . . .. . .. . . Highest •...•..... . .. ...... .. . . . Lowest ••. . .. . ··· ·· ····· ··- ·· · Closing . . .. ... .... .. . . ....... . . . . September. X 112,½ 113¾ 112¼ 118% Ap1•il. Openlng •.......••.. . •. .••.. . . Highest . . .... ....•..••..•.••.. . Lowest •. . . . .. .. ... . ............ -Closlng ••..... . ..•..•• • .•••••... May. Opening .•••....•......•..••. . . Highest •............... . .... . . Lowest •.•.. .. .... . ........ . . Closing .... . .. .. .......... ..... . June. Opening •••.••• . •••.••• . •••. •• . . Highest .........••••..•.•...••• . Lowest •.. . ..•.•...•••••• ,. . ••••• .. 118¼ 120 118¼ 111)¾ March. -Openlng ..•. ..... .. Highest •............ . .•. . .. . . . Lowest .... . .......... . . . ..••. . . Closing ....... . ............. . ... . 181¾ 181¼ 181¼ 181¾ 114 112¼ 114 lSS October. 113½ 118J,! 118¾ 113¼ X ]19:)s 120 119¾ 119¾ x108¼ 103:J:{ 108 :03 119¾ 119"¼ 119 119¾ 103¾ 103¾ 103¼ 108¼ Opening .. . . . .... . ... . ....•... . . . Highest . ... . . .. . •. . ... .. .. .... Lowest . . .... . ...... . . . . . .. .. . . . Closing •• . . . ..... . .. ... ..•.• . •.. . 114¼ ]14¾ 113¾ 114¾ xl20).i 122 120 122 114¾ 121¼ 122:)( 121?.( 12-2?.( X Novt:mber. 113 113¾ 113 113¾ ················ Opening.. .• .. . H ighest . .. . . . ... .. •• •. . . ... •.. .. L owest . . . .... .. . • .•. •.• .•.. .. .. . Closing •• .. . . ..... .. ...•• ••. . . 1 Decembcl'. X 112¾ 118 112¾ 119¾ 120 11~ ~l2'U 120 108¾ 104 103¼ lOSU 115 114¼ 115 ' ······I Opening • .•. ...••.. . . .• • IHighest .... . . ...• •••..••••••... . Lowest ......... .. .. ... . . . ... •. •. Cloeinll .••••.••.•••... .. .....••.. 1 X I 114 114U 113¾ 114¼ 123 125¼ 123 '!24¾ 100¾ 1001,( 100¾ 1~ 102 10()¾ 102 xl3' '- 184U 134 is.-;. UNITED ST.A.TES 53 ECURITIES. 1884. Coupon Bonds. January. Registered Bond& Coupon Bonds. Registered Bonds. ~if· 4½s, 1891 4s, 1907. 88•~~~on 6'j_8 4½s, 1891. 4s, 1907. 8s'J.P~~on 6s,1~,~cy ---- ----- ---- ----11---------------- ---- ---- ---- ---- Opening •••••• . •.•••.•.••.••• llighest ..••.•.••..••••.. . ...........•..... Lowest ••..•.•..........•................... Closing .................................. . February. Opening •.•.•••.•.....••.•••••••....••.•••.. Highest •..•..•......•••.....•...... . ..•... Lowest ..•....•...•.......•....•........... Closing ••••.•••••. . ....•....•....•..•... . ... 114'¼ 114¼ 114¾ 114)4 x12~ 124)4 128¼ 100¼ 100'¼ 128¾ 1()()7/4 114¾ 114¾ 114¾ 11491, 12~ 1287/4 101 101 101 101 128¾ 128¾ March. Opening .•••••... . •....•••...••••••...... xl18½ Highest .....•..••.•••••.....•.••••........ 113¾ 113)4 Lowest..•••••.•• ••••.••.••••... . •.•...••••• 118~ Closing •••••••••.••.••••.•..•••••••••.•••••. April. Opening ••••..•...•• .•..••••••.•. . ..•.•••. Highest ....•...•••..••••••••••.••.••••... . Lowest ••••.....••••.•.•••••.•••....•••••••. Closing ••••••••...••...•••••.•••....•.•.•••• 118¾ 1187/4 118 118¾ May. Opening .••••.••.......••..••.•......•.... :Highest ••.••....•.•••......•••.••..•...... Lowest ....•.•.•......•.•. ....•••• . ...••.. Closing •.••.••.•.......•....•.••••••..•••••. LOO¾ July. 184¾ 184¾ 134¾ 184¾ Opening .• . .•••.........•.. .•••.....•.. . . . . Highest ...• ..•. •...... . •.. , .............. . Lowest . . . . . .. •.. . •.......•..••.•••... ••. Closing•... .. ..•..••....••.....•••...•••.. 185¼ 185¼ 185¼ Opening .... . ...........••.•.. . •••••..•.. Highest ............................. . ..... . Lowest ..••.....•.. . .....•... . ......... . .. . Closing •.••.... . . . ......•..............••.. 124¾ 185¼ September. October. xl20¼ 121¼ 119¾ 121h 101 101 100)4 118¾ 114½ 1137/4 114¾ 121¾ 128¼ 123¼ 118¾ 112¾ 120¾ Opening•... •.. .. .... . ....... .. .. . ..... ... Highest •.... . ..... . .....•....•.......... .... Lowest•...... . . . . ... ....• . ... ... ....... ... . . Closing.. . . . . .......... . .. .. .. .. . .... .... . 1~ 100¾ 100 100 Openini;I' ... .. . .. ..... . . . .... . ....... . .... . xll8¾ 1187/4 Hl11;hest . . .................... <>•··· ···•••· 112¾ Lowest . . ..... . . . .......................... . Closina-............. . ..................... . . , 118¼: 12<>;l.i 118½ 119¼ 10()¼ 112¾ 118¾ 112¾ 118¾ 100 1~ 100 10()¼ 120¼ 100¼ 100:),( 100¼ 100:J4 1~, 118)4 113¾ 110 June. 120% 120¾ 11~ 121)% 121¼ 120 121¼ s:101~ 101¾ 100¾ 100¾ November. 120¾ 100 100¼ 100 100¼ 120¾ Opening ......•.. . .•.•.••••..•.•......•.... xlll'¼ 111¼ Highest •• ........•••... • ..•.••.•.••.•.... .. 112¾ Lowest .•.....•.....•.••..•.........•.... •. 112¾ Closing. . .•..• •. ..• •······v·····•······· · Openin1,t .................................. . . Highest .... . . . . . ..... . .................. . Lowest .•. •........ . ...... .. .....•.... . .... Closing ••............. . ...... . .. . ........ . . llfl¾ 120¾ 118¾ 112 1:2¾ xl23¼ 124 123)4 llo'S½ Opening •••••••..•........•.••.••••••.••.• . :z:111¾ Highest ......•.•..••.. . ....•••.•.•••••••••. 111¾ Lowest ......•••.•••••••••••••••.••.•....••• 110¾ Closing•••••••••.••••••••.... •••• 110¾ X 112¾ August. J.01 101 101 101 l~/4 124'¼ 123¾ 112 101 101 100¼ 122¾ 121½ 122¾ December. 101½ 101½ 101½ 128¾ 128¾ 122¼ 12~ 1011.i 1886. Couwn Bonds. Registered Bonda. Coupon Bonds. 6 4½1,1891. 4s, 1907. Ssr?._PJ~on s,1~::rcy Registered Bonds. 4½s, 1891 4s, 1907. 8s,.g~~~on 6i~~- -------~--------- ---- ---- ----11 ----------------1------ --- --January. Jaly. Opening .................... . Highest ........ . .......................... . Lowest .................................... . Closing .................. . ........ . ...... . 112¾ 112'7~ 112¾ 112¾ February. Opening ••••••••.••...••••••••••..••••••.••• Highest ............................ . . . ,. . •. Lowest •••..•..•.•.•.••.•••••••.•••..••..••• Closing ................... .. ............ . .. . March. X 122¾ 121¾ 122¾ 112 112¾ Opening •••••••••••..•..••••••••...•••••.. Highest . ••.••••.••••••.•••. •••••••.•••• .. •. Lowest .................................... . Closini; ............................ . ....... . May. Opening . ••••••• , ••...••••••••.•.•. ••••... Highest ••••••••••.••••.•..••••.••.•••••••. , Lowest ........................... . .. .. .. . Closing ....... . ...... -.•.•• ••••..••.... . . . . . 1~!,( 122¾ X 122¼ 122¾ X 121¼ X 122¼ 112¾ 112¾ 112¾ 121¾ 122 112¾ 121¾ ]12¾ 113¼ 118¼ June. Opening .....-......•.. .. .••..•..••. •..•... . Highest· ......•........ . . . ....•.•••.•••.•••. Lowest .... . ...... •.•• •..••••.•..•• ..•..•••. Closing................. . ... ....... ... . . ... . 121'¼ 112¼ 112 112 April. 121;~ 122¼ 121½ 121¾ 112¼ 112¼ 112½ 112'7.Ai Opening ......... . ........ . .............. . Highest .•..•.• . ••..•.••. . ..••.••.•. . .•.... Lowest •.••••.•.•.•••....•••• . .. . ..•. . ....•.. Closing ••••..•....•....•... . •••.•••...•.•••. ../ X I 101½ 101½ l01 1017,{ Opening .......... . ........................ . Highest •.•••••.••• . ••••....••.••••.••• . ••.. Lowest ....••••.•••••••..•..••••• • •••••••• . Closing ........ . .. . ........................ . 102 102 101¼ 101:¼, Opening ............... .. ............ . ..... . Hfghest .... . .............................. . Lowest .•...••..•.•.... . .....•.•..•.•.•..... Closing ...•... . ..... . . . . . •... . .•• . . ...... . J0l~ 101½ 101 101½ Opening ....••..... • .- .. •... . .• • .•••...• .... . x112¼ Highest ....... .. ...................... ...... . 112¼ Lowest .. . ....................... . ...... . ... . 112¼ Closing .•...... .. ....... .. ..........•..... . 112½ 101 102¼ 101 102¼ Ope'ling .. .. . .. . .... ......... ........ . . . ... . Highest . . . .. .. .. ..... ... .• .. . . . . ... . ... . ... Lowest ...... ... ... . ...... .. . . ....... . .. . Closing ... . .... . .. . . . . . .. ... . .... .. •. . . . . 121¾ 122!,( 112!,( 1037,{ 104½ 108¼ 104¼ 122¼ 123½ 1 · 122¼ 112¾ 1~½ 112¾ 112¼ 112½ 112½ Anirast. xl22¾ 122% 122¾ 122¾ x108¾ 10~ 1~ 108 108~ 112¾ 118¼ 112'4 128¼ 122¾ 122¾ 113¼ October. December. 185 185 184½ 184¾ 118¼ November. Opening .. . ... . ....... . . .... . . . .. ..... .. .. . Highest . . .. .. . .. . . . . . ... . ... . . . ... . . . . . .... . Lowest ...... . ... . ... .. . . . . ... . . . . .. . . . Closing .... ..... . .. . . .. .. .. .. . ... . .... . . . 136¼ 187½ 136\( 137½ X 112½ 113½ 112½ Opening ... ...... . . . . .. .. . ... . •••..•.... . . illghest . .. .. . . .... .. .. .. . .. . ....... . .... . . . . .Lowest .. . . . ... •.........• . • . . . ........ ..... Closing .•• . •••... ..••••.. . ..••..•......... 108¾ 108¼ 1~ 102¼ 108¼ 1227..11 123½ 108¼ 104 108¼ 1087/4 184 18' 18' 194 x122¾ 124 122¾ 124 x103½ 104 108½ 108~ 194 184 184 194 123¼ 123¾ 104 104 102¼ 1027..11 122% 128½ 113½ 113½ 113½ 113½ 123¾ 123¾ xl12¾ 123¾ 108¼ 112¼ 124¾ 123¾ 124.!,.( 104½ 112¾ II 1893,( 1~ 1~ Fieptember. 102¾ 108¼ 102¾ 103¼ 122¾ 112¾ 112¼ 112% 108¼ 108½ x!SS 188 188 lSS IS86. Coupon Bonds. Registered Bonds. Coupon !3onds. 4½s, 1891. 4s, 1907. Ssyf.p~~on 6s, ~:M:cy 1 January. ---- ----- ---- ----11·-------·-------- - - - - - - --- - ---- Opening .... ••. ..••• . .•..••.• Highest ..• •. •.. . ••• •.•••..•.•.•••••• ••.... . Lowest .... . ....•.•....••..•......•• •....... Closing ..•...............•..• •.•.. .•..•. •. 112¾ 112¾ 112½ 112¾ February. Opening ••....•.....•.••••••••••..•••.•••.•• Highest ••.•.•.....•........••...•.• . . . ,. .. , Lowest ...... . ................... . . . ...... . Closing ......................... . .......... . 1127~ 114 112¼ 114 March. Opening ......... . . , .•..••....•..•....... Highest ....•.........•.....••..•.•.... . .. . Lowest••.•..•...........••.•..•.•..• . •...•• . Closing ••.•••...... . ..... •..•••••.••.••..••. X X 128 121 123 124 124~ 127¾ 124¼ 127¾ X 100¾ 1851.i 185¼ 185¼ Opening ... .. .. . ~~.~~~ ......... . . . . . .. . . . Highest ..•. .. . • ... •.••• . ..... . .. . ... ... . . Lcwes1.. .. . . .. ............ • .. . ........ . .. Closing . .. . .... .. . ... .. ...• . . . . . •..... . ... 111¾ 112¼ 111¾ 112¼ 100¾ 101 100¾ 101 186~ · 186¼ 186¼ 136¼ Opening .. .... .. .. ..•. .. . •... . . · Hfghest ... . .... . .... . . . ... . .. ••... .... . . . Lowest ... . ..... . ..... .... .....•.•........ Closing . .. .. .. . . .. . . ... .. . . . . ...... . ... . . . 111¼ 111% 111¼ Ill¼ 102 102½ lOQ¾ May. Opening .••.•.•••..•.•.••.•.••••...••••.. . Highest ••••.••..••......•••..•..•.•.•.•... Lowest ................................. . . Closing .••••••....••••••..••••••...••..•.... June. ~.~~~.~~• I 100¼ 126¼ 101½ 1()()7/4 101½ Opening ... . . ........ ......... . .. .. •.. .... H ighest . .. . ... . ... . ... . .. .•• . ••... ...... . . Lowest . .. . . ... . .. . .. .. .. . . .• •. •• ... ..... . . Closing ... . .. . ... . . ... ..... . .. . . . ........ . 112½ 112¾ 112½ xl26¼ 126¼ 125¼ 126¼ xlOO'¼ 101¾ 1()()7,l{i 101¾ Opell.Ing .. .. . .. .... . ... . . . .. .• •.••• •.. ... . Highest . . ... .... ........ ...... . •••....... Lowest ... . . ...... . .. ......... . .. . .... . Closing . . .. .. .. . .... ........... . ... . .. . . 112¾ 112¾ 126¼ 126¼ 112¾ 125¾ 101½ 101½ 100¾ 101½ Opening ....... . .. .. ... ... ....... . . . ..... . Highest .. .. .. .. .. . . . .. . . ...... ... . . . .... •. Lowest . . ....... .. .. .. . . .. .. .. . . . .. .. ... . Closing ..... .... .. . . . ... . .. .. . •.... .. .. . 101:Jji 102½ 101¾ 101¼ Opening........ • •.. .. ••.............. xllQ¾ illghest ................. . ... . ........... .. 11()¾ Lowest ...... . ........... . ............... . 110~ Closing... ... • •.•..... •...•••.....• 110¾ 125¾ 112½ 112¾ 126 126¼ 127¾ 126 127¼ X 12tS 127 125¾ 127 xlOOlJ,{ 126¼ 127 125!,t; 126¼ 100¾ 100¾ 100¾ 100¼ 126¼ 128¼ 128¼ 100¼ 100¼ 188),( 184 100½ 1 ~ 1~ 100¾ 100¾ 100¾ 185 185 185 185 !ileptember. h>,7¼ xlll¾ Open inf( • •c . . ......... ................. . Highest ................................... . 112~ Lowest .. . ................................. . 111¾ 112 Cl~.!_n,r.... . . . . ........ ....... . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 185p( 127½ 112¾ 112% 111¾ 112½ April. Opening .......... ... .......... . ...... . . . Highest .•.•...•...•.........•••.•••.•.•• . Lowest ..... . .......................... .... Closing ................................... . !Registered Bonds. 4½s, 1891. 4s, 1907. Ss, option '6s, cur'cy U.S. 1898. October. 128¾ 112¾ 112½ 111¾ 111¾ xl29 129 127!14 128% I 188 xl00¾ 100¼ 100 100 November. 111¾ 111¼ 1107,l{i 111½ 1283' 129)4 127 129 December. 129 128¼ 100¾ 101 100~ 128½ 101 129¾ 182¼ 182~ 182 182 .,.lTED 54- STATE EOURITIE . 188'1'. ·, CoaJ>OD Bonds. Beg1stered Bonda. Coupon Bonds. ReetsteredBonds. ---- --------- ---- ---- - - - --- ,--------------- ---- ---- ------- .January. 'Opening .••... . .............• . Highest ........ . .......................... . Lowest .................................... . Closlng ........................... ....... . February. Opening ................................... . Hlghest .................................. . Lowest .................................... . Clos ng ................................. . .. . March. Opening .................. . .............. . Highest .................................. . Lowest.............................. . ...... . Closlng .................................... . X xJ.27¼ 182¾ 128¼ 110¾ 128¼ 182¾ 182¼ 18~ 110¼ 110)4 110 110 128¼ 126¾ 109 May. Opening ................................. . Highest .................................. . Lowest ................................. .. Closing .................................... . 128¾ 128½ 109¼ 110 110¾ 110 110¾ 128~ 129:>ii 128!1( 12{1)4 110¾ 110'¼ 110¾ 129 l09'"Y,] April. 126¾ 128 129¾ 128 • 129¾ 108'¼ -Opening ............ .. ......... . ........ . Highest . ............................... .. Lowest .................................. . -closing ................................... . June. Opening .................................. . 110¼ 110¾ 109'4 X Highest ................................... . 109¾ Lowest .................................... . Closing..................................... . 109~ 109~ 129¾ 129½ 129 129¾ x:128¼ 128¼ 127¼ 127~ 181 128 128 187¾ 137¼ 187¼ 137¼ Opening ....... . ......................... . Htghest ................................ .. Lowest .................................. . Closing ............................ , ..... . 108¾ 110¾ 108 108 127 128¼ 125¾ 125¾ 135 13~ 135 135 135 136¼ 136¾ 136¼ Opening ................................. . .x:108¾ 108¾ Highest .................................. . 108 Lowest ................................... . 108¾ Closing .................. . .......... : .... . 125¾ 125¾ 124¾ 184¼ 184¼ 184¼ 184¼ 137¼ 187¼ 137¼ 137¼ Opening .. ............................. .. . Highest ....... . ......................... . Lowest ............. ................. .. Closing ................................. . 187¼ 187¼ 187¼ 187¼ Opening ................................. . Highest .................................. . Lowest ........................ . ......... . Closing ............. . ................... . 128!1( 129~ 109!1( Auirust. 109¼ 109¼ 108¼ 109 184H 184¾ 134¾ 134¾ 129¾ 110¼ July. Opening ................... •·•••••· .... .. Highest ................................ . Lowest . ......................... ....... . Closing: ................................ . !i!eptember. October. November. December. Opening ................................. . Highest ................. . ................ . Lowest .................................. . Closing ............................... .. x:182¼ 182¼ 1si~ 182~ 132 181 181 128 128 129 129 129 129 124¾ 108¼ 108!1( 108¼ x124¼ 126¾ 124¾ 126¼ 108¾ 109 109 126¾ 126¾ 108¾ 126% 108¾ 12~ 107 125¼ 12~ 124¾ 108¾ 107 1083' 127 127 127 127 126¾ 1888. CouJ>Qn Bonds. Coupon Bonds. Registered Bonds. cur'cy 4¾s,189L 4s, 1907, 6s,1mM.'cy 6s,1899. Aus 1891 J Registered Bonda. 4s 1907 6s, cur'cy 6s, cur'cT ' • 1898. 1899. - - - - ---- - - - ---- 1---------------1·---- --- --- ------- --------July. January. Opening ...... . ..... . ........ . Highest .... . ... . .......................... . Lowest .. . ................................. . Closlng ........................... . ..... .. February. Opening ................................... . Highest ............................... . ... . !Lowest .................................... . Closing ..... . .............. . ............... . 107¾ 126 108¼ 107¼ 108¼ U6¼ 125¼ 12~ Opening ................................. . Highest ... . ............................. . Lowest . .. . ............................. . Closing ........... . ........ : ............ .. 108 108 107¾ 107¼ 126¾ 126¾ 125¾ 125!1( Opening ................................. . Hfghest ................................. . Lowest .................................. . Closing ............ .. ..... . .............. . March. Opening ................................. . x106¾ Highest .................................. . 106'4 Lowest.............................. . ..... .. 106¾ -Closing ................................... .. 106¾ April. ' 106¾ 107'¼ 106¾ 107¾ -Opening ................................ . .B.lghest . ................................ . Lowest .................................. . -Closing ................................... . May. -Opening ................................ .. Highest .................................. . Lowest .................................. . ·Closing.. . ............... , ............... . • June. •Opening .................................. . Highest ................................... . Lowest ................................... .. Oloslng..................................... . X 'Z7ll ' X Auirust. 107¼ 107¼ 107¼ 107¾ x:127¼ 127¾ 127¼ 1~ 107¾ 127¾ 128¾ 127¾ 107'4 107¾ 107¾ 128¾ 128¼ 180 128¼ 180 September. 1~¾ 125¼ 125¾ 125¾ 127 127 127 127 Opening ................................. . x106¼ 106¼ Highest ....................... . .......... . l:l6¼ Lowest ................................... . 106¼ Closing ................................. .. 128'-( 126¾ 127¼ 127¼ 123'4 127¼ 126¾ 127¼ Opening ................................. . Highest ....... . ......................... . Lowest ........ . . . ................... .. Closing ................................. . 107¾ 108¼ 107¾ 108¼ 126¾ 127¼ 126¾ 127¼ 107 107¼ 107 107¼ 127¾ 128¼ 127¼ 128¼ ..,,, Octobet•. November. Opening ........................ ~ ...... . Highest .................................. . Lowest ................................. .. 108¾ 108¾ 108¾ 108¾ x129 129 126¾ 127¾ 109¾ 108¾ 127¼ 128¼ 127¼ 109¾ 128¾ Opening ....................... .-. ........ . x:108¾ Highest .................................. . 108'4 Lowest ................................... r, 108¼ Closing ............... . ............... .. 108¼ 128¼ Closing ... .......... ................... .. December. \ • 108¼ 127 127 127 127 .. .. i .... .. .. t '••·') 1•••• ( 129¾ 129¾ 129¼ 129½ 180¾ 180¼ 180¼ 130¾ :·~~1 • ••• 1 '....< ........ ·, ....,. 128¾ 128¼ 128¼ 1889. .c oupon Bonds. Registered Bonds. mffcy 4¾8, 1891. 4s, 1907, 6s,1m:J_'CY 6s ,1 January. Opening .................... . Highest ........ . ........ .. ................ . Lowest .................................... . Closing ........................... . ...... . February. Opening ................................... . Highest .............................. . . ... . Lowest ... ................................. . Closing .................................... . 108¼ 109 108¼ 109 April. ~penlng ............ .. ........ .. ........ . Highest . ................................ . Lowest .................................. . -Closing .................................. . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Opening ..... . .................. . ........ . Highest ................................. . Lowest . .......................... ...... .. Closing ................................. .. August. 128¼ 128¼ 128¼ 128¼ Opening ................................. . Highest ........................... .. .... . Lowest ..... . ............................ . Closing ............................. . .... . lOSy~ 129¾ 12P¼ 107!1( 12"-f¾ lOS¼ 129¾ 108¼ 108¼ 108¾ 108),( x:128'7-" 129 128!1( 129 Opening ............................... .. . Highest ....... . ......................... . Lowest .......... . ........... . ........ . Closing ................................ .. 129¾ Opening ............... . ................. . Highest .................................. . Lowest ................... . .......... . ... . Closing ............. . ................... . October. 129¼ 129¾ 129~ ..06¼ 106¼ 106¼ 106¼ 129¼ 129¾ 129¾ 129¾ 1 4).gs,1891. 4s, 1907. 6s,l~~rcy 6s,1~:cy 106¾ 106¾ 106¾ November. December. x128¼ 128½ 128¼ 1061}.( 128¼ 106¼ 106¾ 106¼ 128¼ 106¼ ~eptember. Opening ................................. . Highest .................................. . Lowest ... . ............................... . Closing ............................ . ..... . May. June. 127½ 127¾ 127½ 127¾ 109 109 109 109 •Opening ..... . ........................... . Highest ................................. .. Lowest .................................. . Closing .................................... . Opening ................................. . Highest ................................... . Lowest .................................... . <nosing..................... , ............... . x126¾ 128~ 126¾ 128¼ Registered Bonda. I ----------------11--------------July. . March. Opening .................. . .............. . Highest ................................ .. Lowest.............................. ....... . Closing .................................... . Coupon Bonds. 1 128¼ 128 128 128¼ 128¼ 127¼ 127¼ 105¾ 105!1( :x:127¾ 105¾ 10~¾ 127 127 105¼ 105¾ 105½ 105¾ 127 127 127 127 Opening ................................. . x104¾ Highest ................. . ................ . 105 Lowest ................................. .. 104¾ 105 Closing ................................ . 127¼ 127¾ 127¾ 127¼ 127¼ ~ 125¾ 1215% 12u¾ ECUIUTIE. UNITED 55 1890 Coupon. ---- - - - - - - ---Jan. ffi:g~~f. Lowest . . Closing.. Feb. Openmg. Highest. Lowest . . Closing•. Mar. Wf:~~f: Lowest .. Closing.. Coupon. Regist'ed 4¼s,1891. 48, 1907. 6s, cur'cy 1898. Regist'ed ---- 6s, cur'cy 4~s. 1891. 4s, 1907. 18118. .... .... 105 106 104¾ 104:'-( 126¼ 126}( 126 126 104¾ 104!}(( 1043,{a l0,1!J4 123~ 123¾ 123¼ 123¼ .... .... 103¼ 103¾ 103~ 103;.( 122 123¼ 122 122¼. .... .... .... .... ~=~t .... May. .... ... . 122¼ 121!¼ 122 12i . ... . ... . .... Lowest .. Closing• . . .. . . ... . ... .... 122 m¼ 122 120, 124~ 124l'( 12!!'( Opening . Highest. Lowest . . Closing .. 102~ lOli 102~ 103¼ 122 122!ij 122 122¾ .... .... .. ...... June. .... .... 103¼ 103¾ 103¼ 103¼ Reglst'ed 6s, cur cy 18118. Coupon. Regis'd - -~ - - - - - - - - - - - - - - - - - - - - - ---- --July. Oct. 103 .. .. ..... ... 12 1% ..... 121~ ~ening . ghest. 103 .... ilt;g~~... 124 12~ .. .. Lowest. . 122 . .. . 10:I Lowest. . .... 121¾ 124 .. .. Closing. . . ... Closing.. 103 124 .... Nov. A.uir. OPenlng. 104 124 . ... . ... 123'¼ ..... ... ~ening. 124 Highest. . . .. ghest. 104 .... 123¾ . ... Lowest. . 104 . ... 123 ... . Lowest .. 123¼1 .... 123 .... Closing• . 104 Closinll. . 12:l'¼ De<>. Seut. . ... Opening 115 103¾ . ... 122~ 125¼ 115 ~:~~t 10:3~ 126¼ .... Hii;rhest. . ... 123~ - - - ---- - - ---A.pr. Opening . Highest. Lowest.. Closing• . Coupon. t½s, 1891. 4s, 1907. Lowest . . Closing. . ... 12t 124 103¾ lMIM 4-½s, 1891. 4s, 1907. 6s,cur'r lt,98. . .. . Lowest .. Clo!ling. . . .. 12~ 123~ .... 115 115 1891. Coupon. Regist'ed 6s, cur'cy 4¼s,1891. 4s, 1907. 1898. ----- ---- - - - -Jan. -·- ~:~~f: Lowest . . Closmg. . Feb. ~;~~f: Lowest.. Closing.. Illar. Opening . Highest. Lowest. . Closing .. .. .. .... .... .... 121 121~ 120¼ 120¾ .... .... ... . .... 121 1 1 121 121 .... .... 121¼ 121¼ ... ... . Coupon. Regist'ed 4¼s, 1891. 4s, 1907. 6s. cur'cy 18118. Coupon. --- . .. ... . .... .. .. Opening . Highest . L owest. . Closing. -··· --·· ·-·· . .. . .... .... . ... .... .... .June. .. .. . ... Ul l¼ 121¼ Lowest .. Closinir . . .... 100¾ 100¾ 100¾ 100¾ 1!7 117¼ 117 11?¼ Opening Highest. Lowest . . Closmg .. 100¾ 100¾ 100~ 10 116¾ 116¾ 116¾ 116¾ Ope ning. Highest . Lowest • . Closing .. .... .... . .. . 118 118½ 117 117¾ Sept . . ... .... .... Opf'ning . Highest. Lowest . . Closing .. Aull. . ... .... - -- - -July. - - - -- - - -- - - - - - - - - - 102 122 ... 122 102 ...... ... 122 102 .... 122 Closing.. 102 ltlay. Opening . ... .... ... . .... . .. Highest. .... A.Pr. .... ~:g~f._ .... .... Lowest. . . ... .... .... Regi~t'ed Coupon. 6s, cur'<JY 4¼s, le91. 4s.1907, 1898. .. -· -· Re~s'd 4¼s, 1891. 4s, 1907. 6s,.cur'y 1898. -- - - - - --- --- 118 118 118 118 Opening . Highest. Lowest •. Closing. . . ... .... . .. . . ... 116~ 117 116 117 Opening . Highest . Lowest . . Closing . . . ... . .. . . .. . 117 117 116¼ 116}9 Oct. Nov. .... . .. . . . .. . ... ... . Dec. .... .. ... .. ... . .. Opening . Highest . Lowest . . Closing.. . ... . --· · -- 117~ 118 .... . ... 116¼ 118¼ .... . .. . .. . .... . ... . ... .... . ... .... . ... . ... . ... 1892. Coup. I Registered. Coup. 6s, cur. 6s,cur. 4s, '07. 4s , '07. 189~. I 1s 91:1. - -- Jan. 11~¾ 117¼ fil>;g~f.: Lowest . .. Closing . . . Feb. 116~ 11~ 117 117~ 116 116 Lowest .. ·Closing .. . 11~ 117 116¾ 116¾ 11~ 11 116Xi 116¼ Opening. Highest . . Lowest .. . losing ... 117¼ 117¼ 117~ 117¼ 116¼ llt!¾ 116 116¼ ~=~~~f. : Mar. ~--1 116 116 116 _s_,__• ~ 118~ 118~ 11 ½ 118~ Apr. Opening. . Hlghe~t .. Lowest •.. Closing . . . .... .... .... lllav. .... .... i~:~~~f.: .... Lowest •. . .... .... .... .... .... .... .... .... llff¼ 116¾ 116 l.lf>¾ 116¼ 116~ 117¾ ll6ij 117 Opening. . Highest . . Lo west .. . Closing .. 11~ 11 117¾ 1174' June. Coup. Registered. -- 115:)( 11?¼ 116¾ 117¾ m~, 116¾ 116;.( ..... ... .... . .. . .... ... . . ... Coup. 4s, '07. 4s, '07. fsi~~------·- --·- --July. . ... Ope ning .• xll6'¼ 116¾ .... .... . .. .... Lowest Highest . . 116'¼ ½{g¾ . ... ... , 116!4 .... .... .... Closing . . . 116¾ 116 lop!n~!g.. Highest .. Lowest • . . !Closing . .. 116 116¼ 116 116¼ 116 116 116 116 .... .... ... ...... ... l~ening ighest .. .. Lowest ... Closing .. . llii¾ 115 114¼ 115 ... ..... .... . ... .... .... .. .. . ... . ... .... ... . ... .... Sept. -- 6s,cur. l dl/9. 6 --- 1~9ll._/ .... .... . ... .... 116 116¼ 116¾ Closing ... I Regis tered. ,07 6s;tur. f s, cur. 4s, '07. 4 .... 4s, '07. Oct. Opening .. Highest .. Lowest . .. Closing .. . 114'¼ 115 114¼ 114¾ Registered. · ~: ri~ .... Nov. .... 1 Openin11:. . 115 . ... Highest .. 115 ..... Lowest ... 114¾ ... 114¾ Cl~t,:'f.· . ... Opening ..·1 114¼ .. .. . ... Highest .. Lowest . . . Closing . 114¾ 114 lH 6s,cur. 18119. 115~ ...• 114¾ 114Xi' ... ..... ... ..... ... .... .... . ... 114¼ 115 lH¼ lH¾ . ... .... .. ... ... ...... ..... ... . ... .... .... . ... 113¼ 113¼ 113 113 1!193. 4s, 1907. January- Opening... . Highest ... Lowest . ... Closing .... . !February-Opening ... . MarchAprilMayJune- Highest ... . Lowest.... Closing•.•. Opening.... H1i;chest Lowest.... Closing..•. xl13 114 113 114 113 1m Closing.... Openin11;. .. . Highest . ... Lowest.. . . . Closing•... . ll2¾ 11~¾ 112ij 111 llll'( 110 110 BONDS. 6 s•1i~:cy. s• 1i~:cy. _ _ _ _ _ _ _ _ _ _ ,_~4-s:.:1_9=0=7=- ~ • J ~ : 1, _~_.•_1_9_0_1_._ 16-s_._J_i_~_:_Y,6_s_.1_i_~_'._cy_, July- xlli 111 112 ..wij W!Jt 96 96 Closing .... ir;g~::. Lowest••. Closing .. '1"1iij 113 11319 113¾ lll~ 112 113¼ 113¾ 112¾ 113 113 113 112¼ 113 11~ 110~ 110 110¼ 112¾ Wf:~t. Lowest .. .• Auv;uet- xlll! ii Closing.... . &>;~f-:·· Lowest.... 6 113¾ 114¼ 113¾ 114~ 112¼ 113 112~ 112~ 112 114 113 113¾ 112¾ 112M rtt;g~~f:: Lowest •... !~.'ati 9 ~'. 4s, 1907. REGISTERED BONDS. COUPON COUPON REGISTERED BONDS. BONDS. 1- - - - - - - - - - - - . . . . . , - - - - - 1 1 September-~;g~f:: October- Lowest .. . . Closing.. . . i~:g~~t-· Lowest ... t losing .. .. N ovember-&>;~~~f:: : Lowest.... Closi.rur... . DecemberLowest .. .. Closing . . ~;g~~f::· 110;.( 97 108 108 112¾ 108 ll2 97 los 110¾ 111¼ 10819 108¼ 108 g; ½~~¼ 108 H18 108 111¼ 107:)( 111¼ 110¾ 1103,{a 110 110 110¾ 111¾ 110¾ IH 112 m~ 111 111¾ · 111 111¾ 112~ 111},i 112 J.13~ 114 n~ 112 xll3¼ 113¾ 115 115 114 114 lU 113 113 1894. Coupon Bonds. Registered Bonds. Registered Bonde. Coupon Bonds. es, Cur., 6s, Cur., 65 Ch'okee 4s. 1907. !is, 190i. 4s, 1907. 4s, 1897. 5s, 1904. 1895. ie~r.. 1896. 6s, Cur .• 6s, Cur.· 4s. 1907. 5s, 1904. 4s, 1907. Ch'okee 48, 1897. 5s. 190i. 1895. 6si~r.·• 1898. --- - - - --- - - ---- --- - - - - - ----- --- --- --- --- ---- --- ----July. Jan. ~;g:fi Low'st. Clnstng Feb. ~:g:~i Low'st. Closlni;r Mar. &>:r:i Low'st. Closing A.pr. 112~ 113¾ 112¾ 113¾ .... .... .... .. .. 113 114 112¾ 113¾ .. .. .... . . .. . . ... . .. . .... .... .... -··· .... .... . ... 11 llm 11-l 114 117¾ 117¼ 117¾ 117¾ 113¾ lH 113½ 114 ··-· .... ... . 117¾ 117H 117 117 .. .. .... . .. . .. .. 114 115 114 114¼ 117¼ 117¼ 117¾ 117¾ 112'7~ 113¾ 112¼ 113¾ 114¼ 118 119¼ 118 119½ 113¾ ... . ... . .... .... .... 114~ 113 .. .. 11 llm Open'g. Higb'st Low'st. Closing 114~ 114 Open'g, High'tt Low'st. Clo~ing 114 114¼ 114' 114 117 118 114 114 113~ 113¼ 'pen'g. Hlgh'11t Low'st. Closin!Z 114¼ 115 114¼ 114¼ 117s 118 117 117'¼ 112¾ 113¾ 112¾ 113¾ May. June. 114¾ https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 113'¼ .... 117¼ 117¾ 117¼ 117¼ ... . ... . .. .. ... ···- .... -··· -··· . ... .... .... .... ... . ... . 117¾ 118¾ .... .... .... 117ij 118 . ... .. .. . ... ·· -· ... . ... . .... .. .... .... . ... ... . . ... . ... .... . ... .... . ... .... ... . .... ... . ... .... . ... .... ... . .... . ... .. . .... ... . .... .... . ... .. .. ... . .... . ... .... . ... .. .. . ... .... .... . ... . ... . .. . . ... .... . ... .... ... . ... . .... -··· ··-· ·· -· ..... .... . ... . ... . ... . ... Ooen'g. x113¾ Hlgh'st 115 Low'st. 113ft Closing 114 Auir. I 118¼ 119~ 118¼ 119 114 113s 113 113 113% 114¾ 113¾ Open'II'. Blgh'st T.ow'st. Closing 114 115 lH 116 xll'l'¼ 119 117¼ 118'¼ Open'g. Hillh ' st L )w' st. Closing 115 116 115 115 119 119¾ 114 ooen'g. High 'st Low'st. Closing 114¼ 115 114¼ ll5 m¾ ~&¾ 114¾ 114¾ 114¼ 114¾ Open'g. High'st L ow' st. Closin11; Dec. Open'g. High'st Low'st. Closing 115'¼ 116 114¾ 115¾ !xl19¼ 119¼ 117¼ 119 115s 115 lU 114¼ 116 116 114¾: 114'¼ 119¼ 119¼ 117~ 117 lH½i 114¼ 113¾ 1133,{a Sept. Oct. Nov. ll.8¾ 114¾ 114 lU ll4 l0i 104 104 104 11~ 118 ..... ... . ... .... ... . 118 118 118 118 118 101¼ 101~ 101 101¾ .... .... . ... . ... . ... ....... IHI¾ 119¾ 119~ 119 . ... . .... ..... ... ., ..... ... .... .... .... .... . ... . .. . .... .... ...... UR 119 119 119 119 119 119 117¼ 117!,a . .. . ... . .... ... . .... .... .... .. .. ...... ... ... .... ..... ... .... .... . ... ... ... ...... ... ..... ..... ... .. ... ...... ... .... ... ...... ... .... .... .... .... ..... ... .... .... ..... ... .... .... 106 106 106 106 ..... ... ..... ... ...... ... .... ... 111¼ 111~ 111~ 111 I .... .... . ... . ... SEUURITIE '. 56 189:S. Coupon Bnnds. Jan. 4'8, 1001. !l!I, 11}25. Rel!'istered Bonds. I 5s, 11N4. 4.s, 11/ul. 4s, 19'.<l5. - - - - -·-- ---- --- w::~::i .... . ... .. .. .... .... .... Coupon Bonds. 68, 2e, Op- 6sCur. 6sCur. 6sCur. 1901. tlonal 1896. 1898. 1&!9. - - --- --.... .... .... .... - 1907. - --July. -- --- .. .. 48, 1925. 48, .... .... . ... ... . 1~·•• I Registered Bonds. I 1i~. 6e, 12s, Op• "e<'m·.16eCur. 6sCur. 1t~. _!9v4. tion~~ 1896. 18&8. lt-99. --·----·1 Ooen'g. :x112¾ Hlgh'st 113 Low'st. 112~ Closing 112 124 1:t4¼ 123~ 123 11~ 116 116¾ 116¾ 112~ ll2½ 112 112¼ Open'11. .lilgb'st Low'st. Closing 112 1129 112 122¾ li2}4 121¾ 121¾ 115s' 115 115 115¾ 112~ 112½ 112~ .112 ~;~::i 112¾ 113 112¼ 113 12ll~ 115¾ 116 115¼ 115¼ ... lllij 111 .. . .... }11¾ 111¾ .. .. . ... Ooen'g. :xlll¾ Hip:h'st ll2 l,ow'st. xlll:I:( Closing 112 122½ 123 11(% 11(1½ 112¼ 112~ llf>~ ll5 m~ Open'g. High'st L,w'st. Closlmr 121¾ 121½ 120¾ 121 115 115¾ lU¾ lH¾ 111¼ lll~ 111 111¾ 120¼ 120¼ 120¾ 120¾ 115 115 114¼ 114¼ 112 120¼ 112¼ 121¾ 111) 112 .... . ... 112½ 119 t These are dealings in the" Unlisted D epartment" of the Stock E.x:change in" bonds when issued." 115 115 112 113½ 110¼ 111¾ 110 110 117~ 117¼ 117¼ 117½ 115¼ 115¼ 113½ Im½ 117 117~ 115 115¾ 113¼ ll3½ 112¼ 112¾ tll8?\( xlH¾ tll9¾ lltl~ tllK!,( 114¾ tlll)¾ 116 11~ :x113¾ 113½ Low'st. 11~¾ Clnsmg 112¾ Feb. Yt:~::i Low'st. Closing Mar. &>;::::i Low'st. 110~ 113 110 11.27,ii .... .... .... na 110 112¾ 117¾ 117 }( 114¾ 114,¾ nm .... .... .... 11 114¾ 116 116 116 115¼ 115¼ 112¾ 112-U 112¾ 112~ 119¼ 12(% 119 120¾ 116 116 115~ 115:ij 111¼ 111¾ 111 nu~ 120~ 120¾ 12<1½ 120¾ Open'g. Hlgb'st 112 112¾ 112 ll2:k. 120¼ 121½ 120½ 121¾ 116 fl~ 116½ 111½ 111¾ 111½ 111¾ 120¾ 12(1¾ 120¾ 120¾ 115% 116 11(¼ 114% w::::::i Low'st. Clo~lng 112½ 113¾ 112½ 113¾ 120¼; 123¾ 120½ 123% 116¾ 116¼ 115¾ 116¼ lll¼ 112¼ 111¾ 112% 120~ 121½ 120¾ 121½ .... .... .... 0 pen'g. IDgh'st Lo w'et. C loslncz 113¾ 113% 113~ 113¾ 112 112!4 111¼ 112 . ... .... .... .. .. Closing Apr, Low'st. Closing May. 0 June. 123¾ 123¾ 123¾ J2ll¾ 116¼ 116¾ 116~ 116¾ .... nm 116 116 ll6¾ .... .... .... .... .... .... .... .... .... .... .. .. .... 96¼ 96¼ 96½ 96½ .... .. .. ... . .... 102~ 1,,2 . ... ½3~ij .. .. . .. . . ... .... 108¾ 10~:)4 .... . .. . 108¾ 108¾ .... . .. . . ... .... .... .... .... .... .... .... .... .... . ... . ... . ... .... 108¼ 108¾ 108½ 108¾ 109 109 109 101) ... . . .. . .... . ... .. .. .... .... Aug. :::: I . .. . ... . .... .... . ... LlW'Bt. Closing .... . ... .... .... Oct. .... .... .... .... .... .... .... . ... 112 Sept. Nov. I 123 121½ 122½ 122¾ 122½ 11214 112¼ 112 112 Dec. Open'g. Hlgh'st Low'st. nln11ln1r ... . .... .... .... 116¼ 116¼ 116~ 115 .... 115 115¾ 115 115¾ .... .... .... .... ... .. . ... 97 97 97 i/7 -----.. . .. .... .... .. .... .... .... .... .... .... . .. . .... 116 116 .... i½m .... .... .... .... .... ... .... ... ... .... .... .... . ... .... .... .... ... ..... . ... . ... . ... .... ..... ... .. . ... .... .... .... ... ... .... i~ ..... i~ .... .. ... ... · ..·••... ... .... . ... ... . .. . ... . ... . ... .. .. . ... .... . ... . ... . ... . ... 109 109 109 109 . .. .. .. ... . .. .. . .... . .. . .. . ... . ... . ... . ... . ... . ... ... . 1896. Registered Bonds. Coupon Bonds. - Jan. en'g. il!'h'st Low'st. C l•· BIDg Feb. ~=~::i 0 Low'st. 010~111$1 mar. ~g::i Low'st. Closlng Apr. Open'g. Hlgh'st Low'st. Closing May. 0 w:;g::i Low'st. Clo.Ing June. Open'g. Hlgh'st Low'st. '-''loslncz 48, 1907. 4s, 1925. 5s, 2s,Op- 48, 1904. tlonal 1907. 4s, 1925. ----- --- ---- --- --- ---- --110 110 1U9 109½ 116¾ 117 115¾ 115;(i 108½ 113 111 108½ 111 118 113 116¾ 11~ 116'4 113¾ 114 113 113¾ 112 114 112 113!,( 11~ 116% 113 113½ 113 113¾ 109½ 1· 9¼ l0il¼ l0il¾ 116¾ 119 116!1:( 118" 113'4 1143-11 113½ 114¼ 111~ 110~ 117~ lltl 110¾ :z:117% 110¼ 117¾ 109% 116¾ 109¼ 116¾ 112¼ 113 112¾ 112¼ 116¾ 118¾ 116¾ 116¼ 112¼ 109¼ 11~ 109 1111 .... .... ... ... 110 110 108 108 114. • 114½ 114½ 114¼ 113~ 113 112 112 .... .... .... 108 11()¾ 108 110¼ 114 117~ 113 ll7'4 112 113½ 112 113¼ .... 108½ 108½ 108¾ 108½ 116% 117¾ 1161,(, 116¾ 113 113 113 113 108" 109 108¾ 108¾ 117 118 117 117¾ 113'4 11:i¾ 113~ 113¾ .... ... .. ......,. . .... .... .... .... OJ ♦♦ .... .... ' " "' . ... .... . .... .... .... ... . .. .. . .... .... 105 105 105 105 .... .. . . .... .... . ... .. .. 108 95 108% 108 95 95 . 108¼ 11~ 11 ' 116¾ 117¾ 112¾ 113 112'4 113 .... .... .... ... . .... .... ... . . ... .... .... .... .... . .. .... ~ .... .. .. .... .. .. 48, 1907. ---··July. 48, 1925. - - I I ..... ... lOffi 1119 107½ 107½ 116½ 116:J.( 112¾ 114 111 .... Open'ar. Hlgh'st Low'st. Closioli{ ]07½ 107:1:( 106 106¾ 113¾ 113½ 111¾ 113~ 109 109 108¾ 108:I:( 10m 107 107½ 107½ Opsu '1t. Hiirh'st L ,w'st. Clol!ing 107 107'.¼ 106¾ 1L•7¼ 113¾ 117¾ 113¾ 117 109¾ 111½ 10·¾ ill¾ Ooen'g. :x108¾ Hlgh'st 108¼ Low'st. 106½ Closing 107½ 116½ 118¼ 115 118½ 111¾ 111½ ll0½ 111½ ..- ... . -··· .... Aug. !Sept. .... .... . ... .... .. . . ... . . .. . .... . ... Oct. Nov. Open'g. High'st L ·1w'st. Closinir Dec. Open'g. High't1t Low'st. Closinll Registered Bonds. Os, 2s, Op- 4e. 190~.:_I~~~ 19u7. Ouen'g. H1gh'11t Low'st-. Closing ~ .... .... . ... .... .... ..... ... ... ·-· ....· ,. ,. 112% Ir2¼ 112¼ 112% ... . ... ~ 103¾ 117% 117¾ 116½ 116½ . ... --- -·-- ½8~ 103~ 109¼ 109¾ 108¾ 108M n~ ~~ I 113~ __ Coupon Bonds. 58, 6sCur. 6sCur. tlsCur. 190!. 181!7..,._ 1898. 18,19. 113 113 um I 109¾ x118¾ :xlll 110~ 120¾ llil½ 109¾ xllS½ :xlll 110½ 120 113¼ 110½ 112¼ 110¼ 112 119% 120¾ 119 120% ·- l 5s, 112¾ 94 94 94 IJ4 106½ 106:!,t 104ll,. 101¾ 112¾ 113~ 111¾ 113 109 109~ 1~ 109¼ 91 91 91 91 106¾ 106~ 165¾ 106¾ ll3'4: 116½ 113'4: 116½ 110¾ 110',( 110 110 107½ 107¾ 105¼ 107¾ lltl 116½ 115½ 115¼ 110¾ 110¾ 11~ 110 96 96 96 96 108¼ 110¼ 108~ 110 120 120 119¾ 11IJ'.¼ 111¼ 112¾ 111¾ 112~ 96 96 95¼ 95½ 109 110½ 109 110½ 120 120¾ 120 120~ 113¾ 114 113¾ 114 I 113~ 114 ' 113¾ 114 ~a Cur. 6sCur. 6sCu 11!00. 19u4. 1897. 1898. --- ---- _.__ 11~ 11 112¾ ll:i½ ..... ... ... ..... I 4s, u,25. 108½ 108½ 106 106 . .. .... I --·- 112¾ 110¾ 110¾ ... ... ... ... . ... . ... ..... . .., 103 103 103 103 .... .... .... .... . ... ... ..... ..... ... .... . ... ... .. ... ... ... ... ... . ... . ... . ... 103 103 103 103 ... . .... .... .... ..... ... . .... .... .... ... . .... .. .... 106 106 105 105 ... ... ... ... ..... ..... ... ... . .. ... .. ... . .. . .. . .. ... ... -~ l!!i97. Registered Bonds. Coupon Bonds. I Coupon Bonds. Registered Bonds. - 4s, 1907. 48, 1925. 5s, 2s,Op- 48, 1904. ttonal 1907. 4s, 19i5. 68, 6sCur. 6sCur. 190!. 1898. 1899. - - --- ---- ---- --- --- - - --- -January. ~gl~L:·::· Lowest •••• . •. Cl" BID~• . ••.•. .February. Opening ...••. . Highest ....... Lowest........ Closing... .... !'larch. &>;~!~.::::::: Lowest ••••••••. Closing•..•••.• . April. RY:g~f:::::::: Lowest ....•... Closinfl .......•. il'lay. Openinl!' ...... Higbe•t ••..••. Lowei;t•.••.... Clo,in(l •.•••.••. June. Ooening ••••.•. IDghest . •••••. . Lowest ••••...•. Closing. .... .... https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 111½ 120¾ 12! 103½i 10::lx{ 103~ 103¼ .... .... .... .... .... .... 111¾ 112 111½ 112 12i½ 12·! ¾ 12·t¾ 122¾ 1131}.t 11::l¾ 113~ 113· 103½ 10:i¼ 103¼ 103½ 106½ 1\.16¾ 100½ 106¾ Openinll .•. .• .•. l:ilgbe,it •.• . ••• Lowest .••.•.•. Closing •.......• ]12 112½ 112 112¼ ½~¾ 111¼ lll¾ 111 111 123~ 12:i~ 123¼ 123!,( 113¾ 114¼ 113¼ 114¾ .... .... .... .... .... .... .... Opeoinll ..•• . .. Hlllhest •....•• L 'IW8St ..•....•. Closing ......... 113¾ 114 1131,.i 113¾ .... .... 111¾ 111~ 110¾ 110¼ 123½ 123~ 123 123 113~ lVJ 113 113¼ .... .... 111 111 110¾ 111 122¾ 123¼ 113¾ 12t~ 123 n~ ... . .... ll3¾ .... 113 11:3½ 113 113¾ 12ll¾ 12:1¾ 123 123~ 114¼ 114¾ 113¼ 114¾ 112~ 112¾ 112 112¾ 121¼ 1~4\.6 123¾ 12:i¾ 114¾ lU¾ ll4¼ 114¼ 1121,.( :xl22~ 112¾ H3¼ 122¼ 112 112½ 123¾ 113 113½ 113 113¾ 123~ 125¾ 123;14 125~ lH¼ 114~ 114 114l-<; 112¾ 11:-1)4 112~ 113 .... .... ... . .... .... ... . ... . .... ... .... .... 110¾ lll!i 11()% 111½ m¾ 1"13 113¼ 113 113¾ 125¼ 125ij 125 1257'1 .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... ... . 58, 6sCur. 6sCor. 19U4. 1898. 1899. .... 114½ 115 ! 114¼ 115 .... .... . .. .... 111¾ 112 111¾ 111¾ 125~ 125 124¼ 125¾ 114¾ 114~ 113¾ 114 125;1:( 125¾ 113½ 113~ 113 113¾ 98½ 98½ 98½ i/5½ 112 1 Hi¾ 112 .112 125:J,( 125¾ Hf>½ 125½ 113¼ 113¼ 113½ 113¼ 126 126 125 125½ 114 115 113¼ 115 98¼ 9~!,( ll8¾ 98!,( 111¾ 112¼ !11¾ 112 126¼ 126¼ 126¼ 126¼ 114¼ 114',( 114}( 114¼ 113½ 114 113~ 113¼ 126 rn8¼ 126 127~ 115 115¼ 115 115¾ .... ... .... .... 112~ 112 112¾ 112¼ 127¼ 127¼ 127¼ 127~ .... .... .... .... .... .... ... ..... L .. wesr ........ . Closin1C . ..•••. 114 114¼ 113:)4 114~ 127% 128½ 1271)fi 128¼ 114¼ 114¼ 114 114,¾ .... .... . ... .... 113 113¼ 112¾ ll3 127~ 127 . 127¼ 127¾ 114¾ ll5 113!,( 113~ 102M 102lj,( 102~ 1~ ,r~~he~tt:: :· .. : Clnsiu11 • . 115 115 115 115 128¾ 12tJ½ 128¾ 128¾ 113¾ 115 114¾ 114½ •. . :x112¾ •.. 113 112¼ .... 1121}.( 129 129 127¼ 127¼ 114½ 114½ 114~ 114¼ 991¼ 99¾ 9¾ August . September. October. ?ti:::!~f:::::::: .... 48, 1925. 125 126¾ 124¼ lj!S¾ Opening .•..... :xl12 Highest .••... . 112¾ Lowest •••.•••. 111~ Closing •. ..••• . 111 107¾ 1U71}.1 107½ Lowest •••••... 107½ Closing ...... .... .... Os, 2s, Op• 4s, 190!. tional 19u7. --- -·-- --- --- ---- --·----I 113!4 113!):f 11:-1~ 113¾ 124 HS¼ July. -·- 120¾ 1~½ 12•1¾ 122~ 123¼ mo~ 1907. llOij 111 110¾ 111¾ .... 112¾ 113~ 112~ 113 111¾ 112~ ---- 4s, 1925. .... .... 114¾ 114¾ 114¾ 114¾ nin; -- j5. November. Opening ••••... Highest ••. . December. IOpening ...••• . I .... .... .... .... .... .... .... .... ... .... ... .. !lOl}.( .... .... .... .... ... ...... ... .... ...•.. ···-.... .. , ....• .. . . .... , •• p~ ••Oe ... ..... ..... ... .... .... STATE SECURITIES-RECORD OF. PRICES INCLUSIVE. TO . 1897, 1860 In the tables which follow we furnish a record of the course of prices of State securities on the New York tock Exchange since 1860. Dealings in these securities are now very small. The method of compiling t .1 prices is stated in the tables. 1811, inclu~ive. 1860 to I--------1--·--------§- Prices from 1860 to 1871 are compiled from sales, and 1871 to 1890 from prices bid on Friday of each week; from 1891 to 1897 froru sales. ·- 18ti0 . DE CRIPTION. ------Ohio 6s, 1886 .••.•.•.. Ken tucky6s .••...... lll., Int. Imp. Stck. '47 " interest. " " ill. 6s, '79, coo ...• . .•. Ill. War Loan......... Indiana 5 per cent . •. Michigan 15 per cent... 'TenneFsee 6p ercent. Ten. 6 p. c. new brls... Virgima6percent.... Highest. Lowest. Lnwest. - 181:io. 186t. ---i8til. ~.ighe~ ~~ Higle t. Highest. Lowest. I ll:Sti4. - - - Highest. Lowe t. ' - l!:s•5. I Highest. Lowest. ov .......•.......... ••... 113,¼ Aug. 87 Dec . 109 Feb. 93 Jan. 115 . ...... .... .... ::::::· ::::::::::: ::::::::::: :::.::::::: 106;.1 JunP, 65 April 97 Jan. 70;,{Jan. 100 - Dec. • •• . ••. ........•...... . .... . .. 106¾ Oct. . . . • •• . 100¾ July .............. .... .... . .. .. •. ........ 106¾ Sept. 75 June 85¼ Sept. 80¼ Jan. 110 Dec. ";7 Jan. 105½ Dec ..•....... . .... . . . .••.. . . . . • . . . . . . . . . . .. . . . . . . . . •. . . 93 Ang. 75 July. 93 April 75 F eb . 84 l'riay .••••.•..... . ......•.. 106 June 77 D ec . 83¾ Oct. 'i?¼' Jan. 105 Dec. 92 .. 93 June 34¼' June 77 l'riar. 42 Jan. 6:5 Feb. ·s1"·j~ii·: .67.½·M~y: ·52 ·J~iy: ·64····F~b· '50 .. .. ... .. . . ..• .. . .. , .. 73 ··n·e·c.· 95 ..Mch: 36 April 81 Mar, j 4S . Jan." "55ji°Oct:· ·4g · ··i:iec ·1s· ··F~b-- ·47 .. ·j;ii·. ·54 ..Sept: ·so ...jiiii." 10fi¾ Jan. 99 Dec. l(J() Feb. 100 l'rich . 104¾ l'riay. ...•.. .. . .. S6 Jan . 98 Mch. 64 Dec. n"~: ··Ma;: ·7a···No.;: ~~·c6afo1f~~i;~i."···. ·i+M ·:oei:".. ioo". s~i>t: ·44 .. ·j~~-~ ·s2;.i ·Fet . ·iio.. jiiii·: ·;-4· ..Ju'ne ·53· ..n·e·c: ·so· · ·Mar.· ·49·. 'jii~ ." .tii .. Aug: 58.. ·jai1." ·s;,; ··n"ic: . ......• . •••...•... . ..•. .••• .•• , •. . .. . . •.. . . . . . •••.• . . .. ..•.•. . • . • •.• . . . . . .•• .. . .•.. . .• . . . . ... N. C. 6 p. c., newbds . N. C. do. Special Tax. ·nee·. ·s<i¼. j~~ ·35· ··Mar: ;-2· ··ja~: ·iio· ··ja~·.- ·sii.i.i'Feb." ·59½ ·ne·c: ·ir; --ii~i,: ·iio· ··oi:'t: ·75¼'.Ap~fi Miesouri 6 p er cent .•. ·iii·· Lonisiuna 6 per cent.. 94 Jan. California 7 per cent .. 82 Jan. 99¾ Oct. 95 Sept. 1866. 45 May. 77¼ l'riar. 71,¼ May 88 Jan. 18ti7. 59 Jan. 70 Mar. 55 76¾ Jan. 116¼ Dec. 114 1868. Nov. 80 Mar. 52 Aug. 139¼ M11r 123 1869. 75 Feb. Jim. 167 51 April 60 Aug. 112 1S70. ··'iiai: ·+g· ..nee: Feb. 80 May. 155 1871. Dec. Jan. ----------1---------1------- -----------1 - - ----------· Highest. Lowest. l H~ghe~:_ Lowest. Highest. Lowest. Highest. Lowest. Lowest. IHighest. Highest. Lowest. 61 De"Z' w-;:;; :f!~~:~E.e~~~n~d~•• : : .~~· --~~~-. ~00 .~~~~ x61···~~~--· .'.?~.~~~:." ~~~~.~~~--· .'.~~. Ju.r'.~xJ8Jf B;~: ~g½j!~: xJ;itta:r·. i~¼ 1~f: 61 Jan. 76¾ Ani 59 Oct. 74 ~_ptf DESCRIPTION. M.~~·.,.~~...~~~-. ~~~~.~~~." ..~? ...~~:: ~~ .~?...~~~·. ~i~<>~i1~:~i~~J~~: ·71 Mar. ·003,i°D·e~_Louisiana 6 per cent.. 80r Jan. 100 Sept. California 7 per cent. . 100 April 12(1 Oct. Co11.necticnt 6s. . • •••...•. . .•... . .•....... Rhodelsland 6s .. . . .. . . . . . . . ... ......... ::~: 60½ Feb. 75 ~ 55 July. 31 Dec. 51¾( Feb 36,¼ J!1.l!: 15¾ Dec. 29¾ F"e.b 12¾ D ec. 21½ Feb ··june 89 .,J an. 9!l,½' JIJ.J'I jaii: ··.1i{1;:. Jan. . .. . • . . . . . . . . . . . . . . . . . . • . . . . .......•..•••••••••........•... . •••.•. .... •.•.••.• . _ Dec. 128 D ec. 134 .Mar. • . .• • •• . •. . • .• . •. . • .• • ••. •• ••• . . . ...•.. .... Sept.. ......... . . ... ... .......................... ·•-·----':..:.. · ···· ·1.:··· ··~-·-··-·-··-·-·..·-·-·-·•...·-·..· .. l'riar._.··..:..:.;· .. ·· ··:;··~· · . ._._:,•_.. . x:~½J!~: 66¾ Jan. :x:40 Jan. 64 Jan. 20;,!Dec. ·s4--·N·o;: icis .. ·Feb: ·s5···sepL ·oo½·jiiiie 's5... ·siii{Mai: ioii 80 Feb. !I() 115 Jan. 12S 98½Jan . 102 99 April 100 1s,·~ - -----------:-1-·-__ ~~ ~~~J!~: f:ii. xlJ 72 . .~~'.': . . . . . ~~gJ~~an~~e~dc:.~~·:: : N. Carolina 6 per cent. 73 Nov. 88 Jan. 45 l'riar. 60¼ July. x50 Jan. 79 June x40¾ Dec. 27 Nov. • ... • .. . ..•..... .. •.. . ...... . ..... . . ........ N. C. do. new bds. .. ..•. •. ... . ·os to 18,.'T, lncloslv~. . - - -;, -----1-8-i-7.--1_8_72_.- - -,- ---1-8-7-3.--------18_7_4_.- - - - - - - 1 8 _7_5______ _ _ _1_8_7_6_ . - - - -- - - - ,. - - - - -- - -1- - - - - , - - - -1- -- - - : - - - -li - - - , - - , - - - - r - - - - , - - -- DESCRlPTION 'i:..owest. Highest. Lowest. Highest. L owest. - - - - - ____ _____ ,_._ --- - - - - - - - -----55 Mar. 62¼! May. 45 July 57 J an. 25 Jan. A}a.bama-5s. 1886 . . Ss of 1888 .. . ..... . ..... ..... Arkansas-Os, fund ... ....... 7s, L. !:tock & Ft. Smith... -Ca1ifornia-7s .. . ...... .. ..... <Connecticut-Os .............. lfflorgia-6s ................... 11i8n~:~s:·1s79:·coupon:::: 80 40 50 lOC 98 70 84 Aul,?. Nov. Aug. Sept. Jan. Jan. Feb. PO Jan. 57½ June 60 Feb. 115 June 102'-ci Dec. 77 Jan. 90 May. 45 25 15 101 97 59 Apr. Seµt. Aug. Jan. Jan. Jan. Ju ••e Nov . Dec. Oct . Nov. 2 Feb. 40 Feb. 27 July 116 June 102¾ June ts2 May 40 8 5 110 97 65 Nov. Oct.. Nov. Oct. Dec . Nov. Nov May 98 May 96¾ June 108 June S3~Jan. 19 Jan. 17J,iiJune 107 Apr. l0t M ,r. 94 Jan. 92½ Aug. 103½ J an . 18 Juno 10 Au,z. 5 Rept. 100 Jan. 97 Jan. Au,.: . i~ ;g;: 1 ~~ ~; 811 45 35 23 nt 0 Dec. 92 Dec. 102½ June 102 Nov. 28 Nov. io4 . . De·c: 98¾ Dec. 110 May. 29 Jan. 21½ Mar. ll½iFeb. 106½ May. 105 Dec. 30 Nov. 81 Dec. 30 Dec. 91½ Mar. 91½ Mar. 42 ~ Jan. 58 Dec. i!~: i~!ie ri½ !~t gg i:~: gg i~r g~½ l~t gg ·.:::: ti~}~~~~:j!:tev·ee::: 7s, consol. ........................................... . ............................ . .... . . 1 Michigan-Os, 1888... ....... . 'Missouri-Os, long............ .New York-6s, bounty. coup No.Carolina-6s,old,J.&J. 6s new J. & J .............. 'os'specialtax .......... .... Oh10-6s 1886 . . . . . . . . . . . . . . Rhode Island...:_6s . . . . . . . . . . . . .. .. .. .. . . . . IH% Fept. 105¾ Oct. 80),gMay. 15 Jan. 10 Oct. . . . . . . .. . . £9 Jan. ~i~ttc,:rri~~~~~::::::::::: 6s'A.&o: ............. . .... •.renne see--6s. old ....... . . . 6s new "Virsg.'icnoinas-60.·l·.;·,-· ·o·l·d· :. :. :. ·. :. :. :. :. :. :. :. :. :. 6 .. . . . .. .. . . 97½ June 109 May . 38¼Mar. 23 Mar . 16 Mar. . . . . . . .. . . .. 102½ ,June 85 &5 103 20 14 5 ro ir:!r ig22 tt;t. Jan. 36 Apr. 99 98 ~~ ~~ 2 gv1-fii: ;g;: 28~g½i!~: Apr. 12 Feb. 19 Mar. 63¾ Jan. 80½ Jlec. 63\.ci ov. 63'h!Jan. 80¼Dec. 62!4NOY. Feb. 3~ Oct. 42 July. 56¼ 50½ July. 59 Mar. 44 Oct. Dec. 25 July. 25 Mar. 20 8 Jan. ~~r 84¾ Mar. 67 Oct. 5 • Mar. 67 Oct. 28 ,lune 47 Feb. 49~ Jan. 56¼ Mar. Highest . Lowest. Highest. , 18~ 80 DPc. Dec. Jan. Mar. 38 17 J:~.- HZ Jan. Sd¾ J ar, . ~19 Jan. 100 Jan. 25 Jan. ioi· .. 94'¾ Jan. 105¼ Jan. 15 De~. 7 nee. l Aug. 103 Jan. 102 Jan. 26 Sept. 27 Aug . 26 Sept. 62 i,·eb. 62 Feb. 80 Feb. 55 Jan. 96 104 104 104 40 !'!ighest. Lowest. 26 26 Dec. 25 ,lun e 8 41½ Jan. 4J! Apr. Jao. ,Jan. June Dec. Lowest. Nov. 82 84 Apr. 32 45½ Feb. 15 2 18 1<·eb. 85 Highest. Jan. Jan. July Aug. 43 43 80 10 Nov. Nov. Jan. Jan. .. Ja~·. iia· .. ,o·v: ioo··oct:· iis .. J·~iie N:l io5 91 Aug. 97 Mar. 93 Ji'eb. 102%July Sept. Dec. Dec. JJec Dec. Jr~n·: i07¼ Oct·. 102}4 June 109 Jun e 27 Jan. 16 Jan. 4¾May 108¼ Sept. 108 Oct. 35½ Dec. 35 July 35½ Dec. 78 Jan. 77),g Jan. 40.¼ Oct. 76 Dec. 100¾ Jan. 100 July. 100 July. l:17 Dec. 18~½ 101;1<( Jan. 102 July 13 Sept. 5 Oct. ¾Aug. 105 Jan. 105 Jan. 80 June 30 June 30 June 40>€ Dec. 40 Dec. 22 Sept. 73 May. ~;i. 107½ June 103 Jan. 104 Dec. 100 Jan. 104¼ Jan. 100 Jan. 46 May. 35 Jan. 1g~½ i~~~ 18~ j~fi 108¾ ~ept. 104~ Jan. 105¾ May. 101 Jan. 18½ Nov. 15 Oct. 6 Oct. 9 Jan. 1 Aug. 3¼Feh. 114 ;. ug. !05 Oct. 111 Dec. · 05 Oct. 40 Nov 82 Jan. 87~ Feb. 80 Aug. 87½ Feb. 30 Aug. 49 Aug· 36ro Dec. 4ll Aug. 35 Dec. 37 Jan. 30 Jan. 78¼ Nov. 62¼ Dec. 1011¼; Mar. 103¾ Dec. 107 Nov. 56 Dec. l~½ r::e 108% June :.01¾ Feb • 23 Jan. 12 Feb. 3~Jan. 114½ June 111 May 45 .A_pr. 45 Apr. 4.4 Apr. 47¼ Nov. ~ Nov. 84 Nov. 88~ Jv-ie 18'f8 to 1883, inclusive. 1878. 1881. 1882. 1883. - - - - -- - - 1- - - - - - - - 1- - - - - - - - - ,- - - - - - - - - - - - - - - - - - J--L_o_w_e_s_t_. Highest. Lowest. Alabama-Class A, 8·5s.lll06 ...... ........ .. ....... 44 Aug. 5 Apr. Arkansas6s,fund .. 189ll-1900 15 Dec. 26½Jan. l Mar. 7!!, various RR. issues ..... 2 Dec. 6 Jan. Connecticut 6s ....... .1683--t 105 Jan. 109 Apr. 10-l Apr. ept. IJl:I Georgia 6s .. .. ........... 1886 96¼ 1<·eb. 102¾ July 7s, new . . . . . ........... . 1 6104½ Jan. 110 Dec. 107 Jan. 7s,gold . ....... . ... . . .. 190105½Feb. 109 Dec.107 J an. Louisiana 7s,consol. .. 1914 69¾Dec. ~4½l<~eb. a6¼Aug. if:i ~~g 8~t .MJ~~_i~.~~.~~:::::::::·:::·rn~l&J Missouri tis .... .. ..... 1882-83 101 July 104¾ Dec. 6s . ....... . .......... 18811-110 102½ Aui'. ~•unding bonds ..... 1894-9.i 104 Sept Han. & St. Joseph .... 1887 100 Apr. .New York 6s ............. 1887 118 July 6s, loan ....... .. ....... 1883 . .. . . .. ... .. 6s, loan ................ 1892 115¼ Jan. l'l'o. Carolina6s, old .. 188t3-9~ 14¾ July N. C. RR .......... 1888 4-5 tS5 Feb. 7, cc 11pons off'.. . . 45 Mar. do Fundinll 11.ct ..... 18118-98 ~ Aug. Newbonds . .. . .. . ... 1 92-98 7 Jan. Specialtax,classl. .. . .. ... ~ Jan. o~~n~~'.:.~s::::·:::::::::i~?io2··:oec: Rtt<ie'i:°6~:·coup.".':."i·o1~J mg i!~: sis5tJ~~g~.::nll~~:.-} Brown consol. 6~ . .. ... 1893 --Tennessee6s, old ... 1890-2-8 6s, new ......... 1892 8-1900 Virginia6s,old .............. 6s consol.............. . . . es deferred ........... .. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 1880. 1879. OE•CRIPTION. J!~: i?g½i~~~i~~ 100 Jan. ½35½1~Pi 101 Aug. 105 ~ June 107 June 103½ Aug. 108½ June 109 June 105 Jan. 112 May 106¼ June 102 Jan. 107~( June 115 June 106 .lune 110 Jan. .. . . .... l0tS Mar. 110 June t24 Nov. 117 Sept. 121 Ji~eb. 19¼ Dec. 17½ Feb. 28 Dec. ~5 Dec. 85 Jan. lll Dec. 65 Dec. 65 Jan. 92 Dec. 7 Mar. 14 Jan. ll¾Dec. 11 Dec. 8 Feb. 15½Dec. 2,½Apr. 1 Mar. 5 Dec. ioil'"May iiii'"ian.' ioi(.May· 1b8 _1 Feb. •· .......... 30 Feb. 24 Mar. 25 Jan. 74 Jan. 5¼ ept. 1!~: 2 Jan. 4 Oct. ... ........ . . .... . ... .. 41 Feb. 30 Apr. 33½ Oct. 25 June 35 Mar .1 18 Jan. 80 Oct. 75 Jan. 5½ Jan. 8~ May Lowest. 71 Mar. 20 Jan. 8 Apr. 102 Aug. 1011 Feb. 109 Apr. 111 Apr. 53¼Jan . m ~~rm 105 Nov. 105½ Jan. lll¼ nee. 106 Jan. 115 Nov. 102 Jan. 110 Dec. 106 J1tn. 111 Oct. 104 Dec. 107 Mar. 115 Dec. 120 Nov. ~6 Jan. 82¼ Dec. 110 Jan . 115 Mar. l!0 Jan. 9E Mar. ll~Jan. 1.t¼ Dec. 15 Jan. 20 Dec. f\½Jan. 2 July 1~~18~~8;;.- m½~i~ m¾ ~~~· m ~y i&i !':(Feb. I 2¼May . . ............. ... ... 80 Nov. 39%May 25¼ Nov. 37½ Jan. 20 June 31 Feb. 66 Feb. 75 l\fay ~ Dec. 4 Feb. ··--1 Highest. Lowest. Highest. 53 Dec. 54½ Jan. 73½ Dec. 20 .Jan. 10 Apr. 21 Dec. 2 Aug. 12 ~ Dec. 8¼ May 109 June 104 Aug. 107¼Nov. 102% July 97 Apr. 107 Dec. 114 Dec. 107 Jan. 112 Dec. 113 Junel09 Apr.116 Dec. 67½Jan. 40 Aug. 54~Dec. rn t~~~ J!~: 102 July 108¾ Jan. 111 Jan. 107 Jan. 105 Jan. L02 Dec. 115 Jan. 32 Feb. 115 Jan. 90 Jan. 10 Dec. 20 11ec. 6 Jan. lgg¾J;;·. Highest. Lowest. Highest. 81¼ Dec. 71:1 Sept. 85¾ Dec. 39 J>,-c. 20 Mar. 37¼Jan. 40 Nov. 5 June 35 Aug. 106 July 100 Mar. 103 Jan. 113 June 103 Aug. 109 Jan. 114 .lune 105 Aug. 110½ Apr. ll9½Junell2½Aug-.117½Mar 69 Dec. 68 Apr. 7l½July 18~ 108 ~~~·}~8 1~~~ July 117 Apr. 119 May ll3 May 112½ May 110 Apr. 12~ ,luly 40 Oct. 150 Aug- . 130 ,Tul v 16 Nov. 28 Apr. ll:)iApr. lg~½1~~: m. f;i~ gg i~~~ 4~Jan. 12j}(Nov. 6j}(Jan. . .. . . 102½ Aug. 106½ Dec. 50 Dec. 45 Jan. 78 June 48% llec. 45 Jan. 77% June 32 Dec. 30 ,Tan. 40 May 105 Dec. 104 Jan. 121 May 17¼ Dec. 12½ Feb. 20¼ Apr. igg Lowest. Highest. July 84 Jan. 10 Mar. 28 Jan. 7 Oct." 68 Feb. 100 Jan. 103 June 102 Apr. 107½ Jan. 108½ July 107 May 112 Aug.116¼June 6:l Apr. 75¾Nov • 80 1is··J·aii." 100 Jan. 109 Jan. 113 July 100 Jan. 108 Oct. 101 June 119 June 20 July 120 July 100 July 8 June lt½June 5 June .:~ .. ~ept. f~eii¥"°Feb: 103 Dec. 100 Jan. 115 June 109 July 120 Nov. 116 Feb. 109½ Dec. 108 Jan. J.12 June 107 Jan. 105 June........... . 121 Feb. lVJ Apr. 30!11 Nov 28 ,Jao. 156 Nov. 155 Jan. 180 Aug. 130 Jan. 11 Jan. 10 Jan. 20 Jan. 15 Jan. 4 July 8 Jan. 82 77 ½Feb. Jan. 108 Jan. 118 June :-.;:,l June 110½ Apr . 110 Apr. . ...•..• 120 Jan. 32 Mar. 160 July 135 July 11 Apr. 16 Apr. 8ijJan. 82 Dec. 4 July 100 June 41 Dec. 40 Dec. 26,½June 80 Mar. 10 Jane 2½May 107-{Jan. 105 Dec. 100 July 77%Jan. 30 July 77¼ Jan. 30 July 86 Feb. 30 Ma.. 100 July 50 Mar. 4' Oct. 17¾ Jan. 6½Jan, 104¾ Dec. 44½Feb. 44 F ~b. 40 May 82½Jan. 13 Jan. m ¥:~: gft~~~ t?fJ:~: ½~g¼~f STATE SECURITIES. I 884 to 1889, inclusive. 1885. 1884. , DESCRIPTION. Lowest. Highest. Lowest. 78 Sept 78 Aug. 97¼ Jan. 75 Oct. lO~ 5 Sept 5 Sept 5 ~ept 5 Sept 83 Dec. 81 Jan. 102¼ Apr. 82¾ Dec. l~g ~ . 25 Feb. 25 Feb. 24 Feb. 24ij Feb. i:lft 10~ I~~·. 8l¼Jan. 80 Jan. 00 Jan. :fan. 1 3 J~: 10 Jan. 10 Jan. ½8 JJ!~· J . 2 100 F!i: ~:· ~:ro~~~gs •••··•· .. mg ::~ 7s' gold bonds· .•. ·::::· :1890 107 Oct. 116 Mar. Louistanar-7s consol. .... 1914 65¾June 78 Feb. Stamped4s: ......... . .............. . .. ........ 7s, small bonds............... 62 July 72 Fe~. Ex matured coupon........ 66 July 68¼ Fe.... Mtchigan-7s.. ... . . ... 1890 110 July 118 Feb. Mtssouri~s due 1886 ........ . 100 July 106¼ May 6s ......... .'............... 1887 100 July 108 Apr. 6s ........................ 1888 103 July 109¼ Apr. 6s ...................... 1889-90 105 July 111 Jan. Asylum or Univ ......... 1892 107 July 115 May Funding bonds ....... 1894-95 111 July H:8 Mar. Hannibal & St. Jo ...... .1886 108 May 0¼ Mar. Hannibal & st. Jo ....... 1887 108 May 110¼ Mar. New Yor1r.-6s. gold, reg .. 1887 105 . Sept 109 Feb. 6s gold coupon ..... 1887 105 Sept 109¼ Jan. 6s: loan ......•. ::::: ..... 1891111 .July 115 Sept 6s loan ................... 1892115 Jan. 116 Jan. 6s' loan .. 1893 117 Jan. 120 May No.'Caroltna.:..'.as:·oici:."i886-98 27½June 32¼May 6s old A & o ...... 27½ June 32¼ May N'Car' RR .......i8834-5160 Jan. 100 Jan. N. Car· RR .. 7s.. couponoff.. 135 Jan. 135 Jan. N. car· RR·• A• & o .. . 160 Jan. 160 Jan. N. Car· RR' 7s coui>on off.. 135 Jan. 135 Jan. Fundingact... '. .... 1866-1900 8 Oct. l.2¾May hnding act ........ 1868-1898 8 Oct. 12¼ May New bonds, J. & J ..•. 1892-98 15 Aug. 19¼ May New bonds, A. & o... ... ..... 15 Aug. 19¾ May Chatham RR. ............ 1 May 3 Feb. Special tax, class 1. •. 1898-99 1 May 4 Mar. Special tax class 2... . ... .. . 1 May 3¾ Aug. Special tax railroad issues.. 1 May 3¼ Aug. 6s .................... 1919 102 June 108 Sept €onsol4s ................ 1910 76 Sept 84~ Apr. Small bonds ................ . 78 May 82 Mar. Ohto-6s ... ................ .1886 104 July 108 Dec. Rhode Island-6s, cp•.. 1893-99 110 Sept 122 Feb. South Car.~s. act.S:ar· 23 ~ 1 June 3½ Mar. ~~:~0~~~~r:A ::::.is93100 July 107 Dec. Tennesse~s. old ... 1890-2-8 35 June 43¾ Apr. 68, new bonds .. 189Z-.9S-1900 35 June 43 Mar. 6s new seriee ............ 1914 35 June 42¾;Apr. Compromise, 3-4-5-6s .•. 19l'a 41 Jan. 49 Apr. New settlement, 6s ...... 1913 ............ ............ :f~: 109½ Jan. 73 Jan. 63 Stlpt 65 Oct. 60 Jan. May 1 Jan. 103 Jan. 103 Jan. 105½ Jan. 107 Jan. ~ Jan. lO July 2 July 103 July 103 July 110 Julr 113 July 115 July 30 Jan. 30 Jan. 160 Jan. 135 Jan. 160 Jan. 130 Jan. 10 Jan. 10 Jan. 18 Jan. 18 Jan. 2 Jan. 2 Jao. 2½ Jan. 2½ Jan. 105¾ Jan. 81 Jan. 80 Jan. 103 June 110 Jan. 2 Jan. l04½Jan. 42 Jan. 41¾ Jao. 41¾Jan. 48 Jan. ........ Alabama-ClassA,3to6.1906 Clan A, small............ . Class B 6s ........... 1906 Class c.'4s ....... . ....... 1906 0 ~~~ fuiid.".i899Jggg 78 , L. R. & Ft. s. issue....... 78 , Memphis & Little Rock.. 78 , L. R. P. B. & N. o....... 78 , Miss. o. & R.R...... . . .. ;!~.::0s." ~il. o!~~:fa~~~~.t~.~~~~::.:.1886 9~ ··½t~ t ½8~~::~ m ... 1886. Highest. Lowest. 101 101 108 ~ 1 Dec. Dec. Dec. ~: 9¼ Oct. 22 Jan. 19 Jan. 20 Jan. 21¼ Jan. 10~ 97 97 105 1 Jan. Jan:. Jan. Jan. 8i ~';y 5 12 Oct. 13 Oct. 12½ Nov. 12 Nov. i!k J~~·e 1o8 1887. Highest• 108 Dec. 105 Aug. 110 Dec. 10~ Aug. lfl¾ 28 Dec. 27 Dec. 27¼ Dec. 21 Apr. ts:~: 102 100 103 98 l~ 16 20 17 18 Sept Julr Sept Sept J:~~ Dec. Jan. Dec. Nov. 1888. 1889. Highest. Lowest. Highest. Lowest. Highest. 108~Apr. 108 Dec. 114 Mar. 105 Mar. l~ 35 July 27 May 34 Apr. 34 Apr. l03¼July 103¼ Oct. 107 July 100 Jan. l , ~~r 5 Mar. 5 Mar. 5 Mar. 5 Mar. 106½Jan. 106 Mar. 110 Jan. 102½ Apr. 1 t¼ ~~~ 26 Jan. 20 Jan. 25 Feb. 20 Jan.- 102½Jan. 102 July 107 Oct. 98 Oct. log 8 Sept 8 Sept 8 Sept 8 Sept lO?¾Jun& 108 May 112¼ June102 Jun& l~ 12 Jan. 12 Jan. 12 Jan. 12 Jan. 1~~. ~ ~~~: .~~ .. ~~~·... ~ .. ~~~·. lO~¼J~li .• •. .. ~i!I t:~: :.~~?.~: .. ~... ~.~:... ~ .. ~.~~ ½g~tH~~: ½gg~:f:~: ½gi~::~: .::::::::::. ·::::::::::: :::::::::::: ·::·:::::::: ::::::·:::: :::::::::::: 114¾ Oct. 108¼ Dec. 114 Feb. 104 Nov. 109 Jan. 103 July 106 Mar. 101¾ Oct. 105 Jan.' 87 Dec. 64 Jao. 94 Nov. 93 Jan. 102 Oct. 100 Jan. 109 Nov. 105 May 109 Jan' 75¼Dec. 67 Feb. 82¾Nov. 797,(Jan. 92¾Mar. 88 July 93 Jan. 86 Feb. 9(¾Dec:: 75 Aug. 67 Jan. 78 Nov. 80 Feb. 89 Apr. 86 July 90 Feb. 84 Feb. 91¼ Dec... 68 Aug. .. ... .. .. . . . . ...... ..... ........ ........... . .... ....... .. ...... .. . . ... .... .... . ...... . 115 Oct. 108 Nov. 112 Jan. 105 Nov. 109 Oct. 105 Feb. 106 Jan. 105 Jan. 107 May 1 ~ June 100 Jan. 102 Nov ........................................................... . ............ . 107½ June 102 Jan. 104¼ May 100 Jan. 102s May . . . . . . .. . . . . . . . . . . . . . . .• .• . •• . . . . ...•....•• 109 June 103¼ Aug. 106¼ May 100 Jan. 103 Mar. 100 Jan. 102½ June ....................... . 113 Juue 107 Jan. 110 Mar. 104 July 107 Feb. 101 Aug. 103¼ May 100 Jan. 103 Dec.. 117 June 110 Jan. 113 Mar. 108 Nov. 112 Jan. 103½ July 107 Jan. 102 , Feb. 108 Mar. 122 June 115 Jan. i19 July 110 Oct. 115 Jan. 106 Mar. 108 Jan. 104 Feb. 112¼ Mar. 123 Apr. 100 July 04 Apr. . . . . .. . . .. . . . .. . . . . . . . . • • . . . .. . . . . .• . .. . . . . ................... .. . 123 Apr. 101 July 104 Aor. 100 Jan. 101 Jan. ....... .. ................................... ► 107 Feb. 102 Oct. 104 Apr. 100 July 103 June ................................... ........... . 107 Feb. 102 Oct. 104 .Apr. 100 July 103 June . .. .. .... .. .. ......... . 118½ Dec. 110 Sept 115 Aug. 110 July 113 Nov. 107 July iili"J'a.ii.' ........... . 122 Dec. 112 Apr.120 Aug.112 July 115 Jan. 107 Oct. 115 Jan. ioo··ntic." iii .. 124 Dec. 115 Apr. 122 Aug. 115 July 118 Jan. 108 Oct. 113 Jan. 106 Dec. 111¾ Mar. 31 May 30 Jan. 36¼Mar. 35 Jan. 35 Jan. 35 Jan. 36 Mar. 30 Feb. 38 Nov .. 31 May 30 Jan. 36¼ Mar. 35 Jan. 35 Jan. 35 Jan. 36 Mar. 30 Feb. 37 May 165 Jan. 165 Jan. 175 Mar. 170 Jan. 170 Jan. 160 Aug. 170 Jan. 160 May 180 May 135 Jan. 135 Jan. 145 Mar. 140 Jan. 145 Nov. 80 Aug. 140 Jan. 140 Jan. 150 May 165 Jan. 165 Jan. 175 Mar. 170 Jan. 170 Jan. 150 Aug. 170 Jan. 150 May 180 May 135 Jan. 135 Jan. 145 Mar. 140 Jan. 145 Nov. 80 Aug. 140 Jan. 140 Jan. 150 May 11 May 10 Jan. 13¼Mar. 10 Aug. 12½May 10 Jan. 10 Jan. 10 Jan. l3½May 11 May 10 Jan. 13½ Mar. 10 Aug. 12¼ Apr. 10 Jan. 10 Jan. 10 Jan. 13½ May 21 Aug. 20 Jan. 23 Mar. 15 Sept 22 Jan. 15 Aug. 20 Jan. 15 May 20 Jan •. 21 Aug. 20 Jan. 23 Mar. 16 Sept 22 Jan. 15 Aug. 20 Jan. 15 May 20 Jan. 7 Dec. 5 Sept 13 Oct. 7 Sept 15 Apr. 6 Feb. 8 Dec. 4 Nov. 8 Jan.. 8 Dec. 8 Jan. 14¾ Nov. 8 Dec. 16½ June 6 Nov. 11 Feb. 5 Aug. 10 Jan. 4½ Dec. 10 Aug. 10¼ Oct. 10 Nov 16½ June ?¾ Oct. 11 Feb. 6 Feb. 10 Jan. 4½ Feb. ..... ....... ............ 8 Dec. 16¼ June 6 Oct. 11 Feb. 5 July 10 Jan. 115½ Dec. 115 Jan. 129 Sept 117 Dec. 125¾ Mar. 118 Jan. 123½ Aug. 122 Apr. 127 June91½ Dec. 88¾ Jan. 100¾ Dec. 94 Dec. 100¼ Jan. 91 Nov. 96 Jan. 91 Jan. 00 June90 Dec. 87 Jan. 98 Aug. 93 Dec. 98 Jan. 89 ~ov. 95 Jan. 89 Jan. 96 May 106 A.pr. 101 July 103 Jan. . .. .. . .. .. . ........................................................ . 125 June 118 July 124 July 115 Feb. 120 Jan. 106 Feb. 115 Jan. 105 Dec. 111 Mar. 6¼ Oct. 5 May 7¼ Dec. 5 Sept 7¾ Apr. 3 Aug. 5 Jan. 3¾ Apr. 5 Dec. 109½Sept 104 Sept llO½Nov.104 July 109¼Mar. 104 Jan. 107 May 101 Sept 106 June, 62½ Nov. 53 Jan. 65½ Dec. 57 Oct. 65¼ Jan. 57 Mar. 64 Dec. 63 Aug. Sept 52½ Nov. 53 Jan. 65¼ Dec. 57 Oct. 65½ Jan. 57 Mar. 64 Dec. 63 Aug. Sept 52½Nov. 53 Jan. 65½Dec. 57 Oct. 65¼Jan. 57 Mar. 64 Dec. 63 Aug. 68 Sept 61¼ Dec. 62 Jan. 75½ Dec. 67 Oct. 76¾ Feb. 67 Mar. 73 Dec. 73¼ Jan. 7 Sept . ........... 103 Aug. 109 Dec. 100 Nov. 106¼ Feb. 97 Jan. 105 May 102 Jan. 110 Dec. 1 1 1 1 1 ~½i~~e ~ ~~t ~ :f:~: ~g¾i~: ~ ~ 37 ··Jan·. ·;i,5··Nci~: 42 Jan. 47 July 47 Jan. 48 Jan. 40 Aug. 50 Oct. 48 Jan. ;l8 Jan. 37 Jan. 45 Nov. 42 Jan. 47 July 47 Jan. 48 Jan. 40 Aug. 50 Oct. 48 Jan. 48 Jan. 37 Jan. 4-5 Nov. 42 Jan. 47 July 47 Jan. 48 Jan. 40 Aug. 50 Oct. 48 Jan. 48 Jan. 50 Jan. 85 Nov. 80 Jan. 100 Mar. 75 Dec. 95 Jan. 65 Apr. 75 Jan. 60 July 70 Feb. 37 Jan. 55 Nov. 50 Jan. 60 Feb. U Dec. 53 Jan. 32 June 40 Jan. 32 Jan. 42 Jun& 50 Jan. 60 Dec. 60 Jan. 69 July 60 June 65 Dec. 50 Apr. 60 Jan. 35 May 50 Jan. 4 Apr. lal,,1'. Oct. 9 Mar. 13¾ Nov. 7 Dec. 16 Jan. 6 Oct. 8½ Jan. 7 Jan. 8¼ Sept 10 Dec. 13 Oct. 9 Mar. 13¾Nov. 8 Sept 16 Feb. 7 Mar. 10 Nov. 7 Aug. lO¼Jan. 112¼ Feb.f 116¼ July 116 Jim. 120 Oct. 115¼ Dec. 122 June 116 Feb. 122 Dec. 120 Feb. 124 June 109 Jan. "-lO¼Jao. 110 Jan. 112¼July 104c Dec. 109 Feb. 100 Mar. 109 Dec. 106 .Nov. 110 June- ~gs Mar: I 1~:: i1::::tN:~:~t~:::::::mi :::::::::::: :::::::::::: ... ......... ............ Vtrginia~s. old .... . ........... 33 July 4.0 Jan. 6s, new bonds ............ 1866 33 July 40 Jan. ffs, new bonds ........ 1867 :-J3 July 4c0 Jan. 6s, consol. bonds............ 45 Juh 65 Jan. 6s, ex matured coupons..... 30 July 42 Jan. 6s, consol., 2d series........ . 40 July 55 Dec. 6e, deferred bonds . .. . . . . .. .. 4 June 9 Jan. Trustrecelpts.... ... . ....................... Dist. of Colum.-3·65s,cp.. 1924 106 July 114 Apr. Fundlng6s,couo ........ 1899105 July 112 Mar. Lowest. t:~1::. ~~R:g: l~~t~: 1~90. MARCH. APRIL. MAY. JUNE. JULY. AUGUST. SEPT'BER. OCTOBER. Nov'BER. DEO'BER. - - - - - - - - - - - - - - - - 1- - - -•I - - · - - - - - - 1- - - - • l - - - - - 1 · - - - -1 1---- - - Low.High Low.High Low.High Low.High Low.High Low.High Low.High Low.High Low.Jligh Low.High Low.High f,<>w.High JANUARY FEBR'RY. SECURITIES. - - - - - - - - - - - 1·- - - - - - - Alabama-Cl. A, 4to 5, 1906. Class A, small. ............. Class H, 5s, 1906 ... .... . . Class C, 4s, 1906.. . .. .. 103 -106¼ 108½-107 108 -109 100¼-102 107 107 110 1U2 ·io -107½ -108 -112 -102¼ : iS¼ 107 107 110 100 · io .A~::~:~;~Ji~~~~'ilSu!f:o ·is - if. ~?t~l'.ltif s.'issue:.::: ...9 : io" .. 9 : ·u .... 7s, Memphis & Little Rock 7s,L. R. P. B. & N. 0..... ~:: f;~~·cintr!t-Jk::::::. i~~m:~~11:. 0 ~%:~~~si~~: Stamped, 4s. . . . . . . . . . . . . . . . 7s, small bonds .. . .. . . . :u~:~~~~~~·11:1I£isoo:::::: Asylum and Univ .• 1892 ... Fundinll; bonds, 1894-95 ... New York~s. loar., 1892 .... 6s, loan, 1893 ............ .. . No. Carollna-6s, old, '86-'98 6s, old, A.& 0 .. . . . . . . . N.Car. RR., 1883-4-5 ....... N.Car.RR.,sevencoup'soff N.Car. RR., .A. & 0 . ... ~~~i~~c1~'f~86~1~J6~~.~ 9 - 10 IJ - 10 1 : ~ ~ 9 - 1-1 - i: 9 9 ~ -107¾ -107¾ -111 -102~ : io'" 5 : io'" 5 - 10 5 - 10 ~g : ~8 i8 ii :rng 107 -107¾ 107 -108 JtO -111 102 -102¾ 1 1 n¾: :12~ 5 - 6 5 - 5 ~i¾ 12~ :rng 1, ~ : l~ ! : : g : g ~ :: ~ l8k¾Jg:¾ ½8&":i&A¼ rng¾:}gg rni¾::m 95½- 95-U 1:14 - 95½ fJ4 - 94 l35¼:f85½ tgg¾:18k¾ 1-3 - 97~ Q6½- 97½ ll5 - 911¾ 90 - 9;, 93 - 94 !Ji - 93 :1gg½ 101 -102 102 -102 102 -102 llll -110 110 -110 110 -110 105 -109 109 -110 109 -109½ 105 -109 109 -110 109 -109½ 35 - 37 85 - 35 35 - 35 35 - 37 85 - 85 86 - 85 180 -1 0 200 -200 . ... - ... . 150 -150 160 -150 .... - .... t~O -1~0 200 -200 .... - . . .. 1 1 1 1 ig : = ig :::: : ::: · 18& ::mg ½~ ·- - - - - - - - - - - - - - - - - - - ____ ,____ , 106¾-107¼ 106¾-107 lOo½-107½ 106¾-107 1011 -110 no -lJO 102 -103~ 102½-102¾ 1 1 1 n½:: n➔-i: 1 r1¾ 12~ 4 - 5 5 - 5 4 - 5 5 - 5 l~rng 90 - 94½ rn~½:}gt 102 -102 110 -110 109 -100 109 -1011 85 - 35 85 - 35 200 -200 150 -150 200 -200 1 i~g : ig 90 ioo 102 110 100 109 35 85 .... .... .... - 92 90 :100 .. -102 102 -110 110 -109 109 -lOH 10\.1 - 85 85 - 35 35 - ... . .... - ... . .... - ........ ioo - 91 :1oi" -103 -110 -1011 -109 - 85 - 85 - .... . ... ~ .... :::: : :::: :::: : ·::: ½8 : ½8 :::: : :::: ~g : ½g 105 -105¾ 103 -105 105 -107 108 -lM 110 -110 lfl8 -110 lOl -101 100 -101 1 1 1 1~8l¼:: 12~ :12~ ff - 6 6 - 6 6 - 6 6 - 6 r8~ ~8¾: ~&¾ ~&½: ~8½ rng :1Sg ~ » ?.:¾-_ 86 :100" -102 102 -TIO 110 -109 lUIJ -lOIJ 109 - 85 135 - 85 85 - ........ - ........ - ........ 83 - 87 ioo 102 110 109 109 85 85 .... .... .... ioo ti : f& :::: : :::: ·io ~g : ¼= ·r. :: 2~ : 152 14~ -103¾ -104 -107 - .... : io .. -15g 5 - 5 103 -1083,6 103½-104 105 -106 100 -100 10 1 lug : f 15~ :152 3 - 4 8 - 4 : g 1 g - g g : i8 i : ~ : : g ~ : : 28½:ltl~ ma85 :½g~¾ mg88 :}gg io5 :101r · fo5 -105° • 88½- 89 - f!8 - 9:<¾ 90 - 94!,t 92 - 98 ½~¾J~¾ 91 - 93½ 89 - 81:1 io·i :Hii .. 102 -108 110 -llO 109 -109½ 109 -lOY½ 85 - 85 85 - 35 200 -200 160 -1110 200 -200 1 1 i!~di~tt;;/~~~~~~2.'99 ig 20 : 20·· :::: = :::: ig ~::i~~::idtk.~?::·:::::: 2g : 2g 2g :::: : : : :: 2g .. 4 : .5.. .. 4 ~~ 2~ Special tax, class 1. .••..... • 8¼- 10 6 - 6 8 - 6 4 - d 5\i- 5½ 5 - 6 5½- 6 Special tax, class 2........ . . - .. . 6 - 6 8 - 4 4 - 6 5~- 5½ 5 - 6 . . . . - . . .. Special tax, railro!ld Issues 7¼- 10 6 - fl¾ 4 - 4 4 - 4¼ 5¼- 5½ 5 - 6 Consol., 4s, 1910 . . ... . .. . 96 - 96 96 - 90½ 95½- 96 95¾- 97½ 9 11 9 11 -_ 100 . 9 · · -_ 9·f. Sm11,ll bonds ....... .. ..... 194 - 96 94 - 95 98 - 95 \14 - 94 .-~ 9 7 100 97 96 97 6s, 1919 .................... . 124 -124 124 -125 123 -124½ 123¼-124 124 -125 ll!4¼-125 125 -127¾ Rhode lsland-6s, cp., '1!3-94 104 -106½ 106 -lOIJ 109¼-112 lOt -112 L12 -112 109 -112 lOll -109 South carolina.~s.act Mnr. 28, 1869, non-funct., 1888. 4~- 5½ 3 - 4½ 8 - 8½ 8 - R¾ :i¼- 4¼ 4 - 4!}£ 4½- 4½ T:;~-:;;e~tol~~•t:&~ 1gv,,~l~~½ tg}¼:lg~ 1g} :1g~½ 1gJ :1g~ 1g~ :1g~ l~~:1~ ½ ~8¾=1~g 6s, new bds., 1892-'£8-1900. 67 ·· 67 67 - 67 67 - 67 67 - 67 67 - 67 61%- 70 70 - 70 6s, new series. 1914 . . . . . . . . b7 - 67 ff7 - 67 67 - 67 67 - 67 67 - 67 69¼- 70 70 - 70 Compromise 8-4-5-6s, 1912 77 - ?7 77 - 77 78 - 78¾ 78 - 78 77 - 80 Su - 81 PO - 81 New Settlement, 6s, 1918. 105 -107 107 -108~ 109 -109 107½-108 108 -108¾ 10)-! -109 106 -106 :ew Settlement, 1918. 101¼-10~ 102 -102~ 101¼-102 101 -103¼ 102½-108½ 102½-108¾ 103 -108 2g : -104 103 -104 103 -106 108½-105 108 -108 106 -107 101:S - . ... .. - ........ 1 1 1 f8¼: ~8¾ ·io 1:sg :If3 :15g 6 - 10 7 - 8 4 6 - 10 7 - 8 4 103 108 10'3 .... 1 5 gs, - 87 =106"" -108 -110 -109 86 i.os 108 110 109 -1011 109 - 35 30 - 85 30 - ........ ...... - ........ : 2g ?J 4 71 71 81 105 •... 4¾ : - 7l - 71 - 81 -105 - ... 8½- 4 : 67 - 71 67 - 71 77 - 81 105 -106 00 -100 ~~ ~~ - 90 89 - ..... -103 .. icii -110 107 -IOI} 105 -109 105 - .... . - .... . - . . .. . - .... . - .. .. . io'" ·10 : io'. ·i,i : io. ~8 ~g : ig :::: : :::: ~g : .. i:i : .5.. 2g : 5¼- fl 5 - 5½ 5½- 6 5 - 5¼ 5½- 6 5 - 5½ , _~ -_ ~7 97½ ,, 5 ., 5 .,, 95 125¼-127¼ 126 -127 109 -109 108 -109 ~ - 9<.1 110 :10~-- . . .. -103 102 -110 110 -109 108 -IOU 109 - 85 .... - 35 .. . . - . ....... - ........ - ........ 2g 4 4 4 97 -_ M 90 96 122 -128 109 -109 8~- ~ 4 :1~ d7 - 67 67 - 67 77 - 77 104 -106 l~fi¼::l~l 50 - 50 ~~ ~~ flr=~~~~fJ1~::.~:.~~~~: .:~¾: :~ .:.~~= :~.. .:~¼: ~~~~ .~¼: ~~ .:~.¼= :~... ~½: :~~ ii½: ?J,½ .?~½: 7.~ .. ~½: ~~ : 2g - 5 - 5 - 5 ~g 2g 4 . . •• - 89 -108 .. -110 -108 -108 ·io - if' ½8 ~g : ½& : = 2g 2g : - 5 8 - ..... - 2i j . iJi - 98 ... iii%- 97 .. 95 - 95 95 - 95 120 -121 116 -120 108 -108 105 -108 3 - 3½ ii : ~ 8 - 8)4 ~~½: 62~- 62~i 62¼- 62¾ 70 - 72½ 100 -102¾ 65 - 65 65 - 65 75 - 75 102½-104 . : .. 70 70 .... - ••••• :¼i gg~: ~~ g::~:: ~g~a::½~L:::: :::: : :::: :::: : :::: :::·: :::: ::::: :::: ::::: :::: :::: = ::::~gg : gg ::::: :::: fi =g} gg : gJ :::: : :::· · i::~~~:i~\:ie~d~.ution·s:: :::: - :::: :::: : :::: . . : :::: :::. : :::. :::• : ::::,:::: : :::: 68, consol., 2d series....... .. .. - . . . . . .. . - . . . . . . .. - . . . . . . . . - . . • . . • • • - . . . . . . .. - . . .. 6s, deferred bonds......... 6 - 6 5 - 6 . . . . - . . .. 6 - 6 6 7 - 8 ?¼I ~= gg : ~g :·:: : .::. ~ : ~ .. . . - . . .. 50 - 50 50 - ro 9~- 9U : =s:~:lftt~e:ipta:::::: .. ~ : .~ .. ~ = .'.~ .. ~ : .'.~ .. ~1k_ .~ .. ~ : .~.... ~~ .~~ ~~~ 121"'-122 121¾-l\ll½ 121¼-121¾ 121¼-121¼ 121¾-121¾ 121½-121½ Fandinlf 58, 1899 ...•••.•. . •••• • •••• 109 -109 108 -108 109 -1~ •.•• - ........ - ••.....• - • ... -- .Dis. of uolumbla-8·658,1924 124 -125 - - https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis -- ""'----~----------------- 6 - 6 6 - 7 ~ : ~ ·:;· : ::::: •. 50 - 50 . . . . - . . . ~ - 8½ 8 8 7 - • ••• 8 D : ~~ .. 3g : ~ 38 : - ........ - ........ - ........ - .. . 114. -115 - ........ - •••..... - . .. . •••• • •.• 107 -107 .._ _. s8 .. : .~ sf/': J/~ ....---~- - ___ _____ si~ STATE EOU RI'rIES. 1891 to 1896, inclusive. [For tbese and succeeding year , range is based on actual sales at the New York Stock Exchange., 1892. 1891. DES8RIPTION. Lowest. Highest. Lowest. - - - - - ,- -- - ; - - - - - .Alabama-Class A. 4 to 5 .1906 Class A, small .......... . 1906 Class B, 1,s ............... UJ0f Class C, 4s.... . . .. .. . . . 11 06 ~:!:~~~~!1iWJlitt~ii";?~.~~ 7s, L. R. & Ji't. s. issue... . .. . 7s, L. R. P. B. & N. O.. .... ,s, Miss O. & Red River.... 7!1. Memphis & L. R. .. . . . .. 1893. Highest. 100 Sept 10-1 Feb 100 Sept 105 June 102 Aug. 102 Aug . .. .. .. . .. .. ........ . 105¾ July 108¼ Mar. 104' l!'eb. 107½ June . .. .. . . . 94 Feb. 97 Aug. 9 g~ ~¼iltv. 6 Sept 6 Sept 9 Aug. 22 Oct. 4¼ Sept 4¼ Sept 5¼ Aug. 20 Oct. 6 Aug. 21½ net. .. . .. ... .. .. . . . . . .. .. . .. 10 Aug. 10½ Sept ~,!'; · ti:i~i_i 9 Lowest. ---- ---- 95 ept 103¼ .Apr. 102¾ Dec. 102¾ Dec. l0C Nov. 106½ ,Jan. 90½ Oct. 91'¼ June 9r~t~r.e ii 6 ~~~ 1895, 1894. Highest. ~g¼ggr Lowest. Hi~hest. Lowest. 1896. Highest. Lowest. Highest. ---- ---- ---- ---- 97½ Feb. 1.04% Dec. 103½ Jim. 109½ Oct. 101½ Nov. 109 Jan. . . .. . .. ... ..... . ... . ........................................ . Q8 Jan. 10! sept 108½ ~ept. 110~ Dec. 100 Aug. 100 Aug, Q3¾ Ja1>. 93¾ Jan. 100¼ Sept 101¼ Dec. 93½ Oct. 100 .A.pr. g~ t~r 9g¼i~i~ :::::::::::· :::·:::::::. ....... :¼~f; l~~t~~ ... ............. . 9 Dec. 6 Dec. . . .. .. . .. .. . . . . . . . . . . . . . . .. . . . . .. . .. ..... . ... . 8 Sept 17 Jan. 6 June 12 Mar. 8 June Q June 10 Oct. 12 Oct. 7 June 11 Mar . . .. .. ....... ........ . . . . .. . .. .. . . .. . . .. .. . . .. . . . . . . .. . . . . . . . . . .. .. .. . .. .. .. . ....... . .............. .. . ............. .. .. . .. .. .. . . . ......... . n~];!J~?~~~~t1~~~ tftt~~~ nt~li{\~ i~:~;;;: ii:;~::.- ):~i:::::: ):~:::):::)~~~::~ :~::~: ~~:: : ::: ::::::::·;::;);~;:: ;~; ~;~:)! :::::::::::: Lcmisiana-Consol. 4s......... 85 July 93½ Feb. 84'¾ Apr. Jan ......... .... Newconsol.4s................ ........... . ... . .. .. ............ Missouri-Fundinll bonds..... ...... . .... .... 105 Nov. New York City and County12 N~?ca:~\ti~\!ii~t~~~8Rf.~6 12f'" ·· a ~{Sept ~~iu:::fa~~e<i:::::::::: .~~-- M.~:- 91 98 Dec. 92 Sept :::: .... ::: : ::: . ::: : ::: . .......... 105 Nov. ........ . . .. 98 Jan. : :::·::·:::: . ...... . .... ....... . ... 95 Jan. ' in··June 97 June .... . ....... Q7½ June . iii""Yune 97 June .. ... .... ... .. .. .... .. . .. . .. :::::::::::: ··--:: .. :::· Q2½Mar. lOO½Dec. ........... ..... ...... .. .. . .. . . . ... . .•• . ······•· ........... . 90½Sept ·ooi:iFeb: . .................... . 0 J!~.' l~J:~: ""ijfoci: ::::::::: ::: :: :::·: :::: : .::.:::::::· ·:: ::::: ... :::::::·::: : :'.:::: ::::: . :::::::::::: :::::::::::. ~:~tl~x:~a1A\!:a.Y:sues:: i ~~r- i¼ta'if· :: :3:: :: ::: :. : ::::::::··· : : : : ::::::: . ::: :·:: : :::. :::: .... :::: ::::: : ::::: . .... ::::: : :: :::::: : :::: . .... :::::::: .::::::·:::: 5 ¾ 0ct. ·:::: :::::: : ::::::::::: ... s.. 'Fei:i.' ""a';iisept .... . ................. . ....liinec. ··--~(oec.' siic~!f{;;~i~sternRR·.::: .. ~.7.8-~~~----~ .~~~-Apr. Special tax, Class 1.. .. .. ............ . .............. .. .. 4 .. DEic.' .. 4 .. Dec.· .. .... ...... .... ... .. .. ...... .. .. .. .. .. .. . .... .. ½ Dec.' ... ½Dec. l¾ June 1¾ Apr. 0 Class 2.. .. . . .. .. . ... .. .. .. . . .. . . . .. . . .. .. .. .. . 3 3¼ Aug. c2~!~t 4a::::::·.:·.:::::::;iiici J91 tlrf: 1of ~; ·91· · :Taii: Feb. 99 Mar . 97 Feb. mall .................... 1910 6s ......................... l!H9 New 6s.. .. .. . . . . . .. .. .. . .. . ... sl.'b11:~fn!~J~~~f~na ...fis::: 123½ Aug. 124 Apr. 122 May .. . ................ ... 108¼ Oct. 1 .. 2~No~: .. 3.. Dec. ~t:~~\. f<f-~i>.n4½:~?.1:.~~::::::::i933 -~-~ .. ?~~: Tennessee-- 4 Aug. ioo~fA.-tiil. 97 Feb. 125½ Feb. 108¼ Oct. 1 g½ggt -~~~-~~.~·- - ~~ .~~~ . ~~~ ?~~:. . .. .. .. .. . .. .. . .. . . . . ·il¥ .. Nov. iiio .. A°pr.' . .. .. . .. . .. . . .. .. .. .. 115 ept 127 Mar. . . . . . . . . . . . . . . . . . . . .. . . . ··1½Juiie ··2½Jai{. 3½ Apr. ioo .. .. ... . .. .. .. 121½ May . .. . . . . .. . . . i.'½Jaii." ::::::::::: :::·:::::::: 3½ Apr. .. .. .. . . . . .. . .............................. . 102 103 .. Xug. iiifi · ··r-iciv: 102 .. J'aii: ios¾Yii;;e .. .. .. .. . .. 98 Oct. 98 Oct, ..... .. . . .. . ....... . . 1-26¼ Aug. 124 Jan. 127 Feb. 116 Oct. 124' Apr. . . . .. .. . . . . .............. . ........ ............ ........... . ...zj{i>ec . ...i .. Mar: ··1··Jaii." ·1¼May oci:· ·May n.ec: .. 2.. il9½Apr.' i04 ¾ Dtic.' 108 .. Nov·. ios .. Nov: ::::::::.::. ·::::::::::: New settlement 6s ...... 1913 Small .... .. . ...·............. New settlement 5s .. .. .. 1913 N~:~~ii,iemexit'as::: ·.::1iH8 Small.... .. ....... .. .... C:ompromfse 3-4-5-6s ... 1912 Redemption 4,½s.. . . .. .. .. Virginia-6s, deferred bonds.. 101 101 Q9 May 106½ Dec. 101¾ Aug. May 106 June 103 Aug. Nov. 102¼ May 99¼ Jan. 1 ·es·--Jan. Nov, 7Cl¾ Feb. 67 ¼ Jan. Aug. 74 Aug, 75 Feb. 8 June 107½ Apr. 100 ept 107 Oc·t. 103 Jan. 107 Jan. .. . .. .. . .. .. ...... .... . . .. .. ............... .. 103 Aug. ... ... .. .. . . .. .. . .. .. .. .. ..... . .. .... . .. .. .. ..... ................................. .. . 104½ June 97 Sept 97 Sept 101 Apr. 104 Apr. .. .............................. .. .. ·19i:i°A.ug: .64 .. A.ug.. 76¾~.t"ai-: ·12;.iJan. ·sii:ine·c. . ff.Jaii. ·g1!iiJuiy · ;,4··Aug. ·ss~{lfeti.' 76 Aug. 71 Feb. 74 Mar. 78¼ M.i,r 77 Sept 78½ Jan. 85 -'OV. 81 Feb. 81 Feb. 75 Feb. 74 Jan. 7!l Jan ... . .. . ........... . ... .. ...... .. ..................................... . . .. . .. .. . .. .. . .. .. .. . .. . .. .. .. . ... . .......... 105 Dec. 106 July ...... . .. ... . . ......... .. ......... . ........... . !l~ Jan. 7½ Oct 9~ Jan. .. . ... .. .. .. .. . . .. .. . ...... . .. . . ....... . ............. .. ... . ................. .. Trustreceipts stamped .... . Funded debt, 2-3s............ 6 July 9 . Jan. J~Pi ~iuB:g: ig} 66 74 . .. ... . .. ~~f~~Ceipts::::::::::: :·:: · l,( I~~- g~ J:~~ l~?i.~~~~~.~: :: ::::::::::: ::: : 8¼ MB~ . .. 9~ ·Feb: .4 . . ::J~i{e .. i .. JUii0 . 5 . . Jail. .. 8~ A"Pr. 6¼Dec. 8¾Jan. 5 May 7 Jan. .. .. .. . . .. . .. .. .. .. . . .. 51¾ Sept 57¾ Dec. .. .. :: :::::. :::::::::::: .4'0 .. Jan. " Biddlebergers " .... ........ .. . .. . .. . .. . .. .. . .. . . .. 40 .. Jaii. 189?'. SECURITIES. -----------, ... . .. . .. . . . .. . ... . .. . . . ... ... ... . .. . .. ....... . 5½Dec: ta Dec. .. .ia¾Jan:. ·;i;··;;uiy .. 7¼Nov: 61¼ Dec. 58¾ Feb. 64¾ Seot 55 Aug. 62¼ Apr. 6 2¼July ~~/_~: ·:::::::::: : ·::::::: :::: ' 75 .. :july 75 July ................. ... ... . 6 Jan. 55½ Jan. I I FEBR'RY. MAY. JUNE. AUGUST. SEPT'BER. OCTOBER. NOV'BER. DEC'B11:B. ---- - - - -MARCH. · - - - -APRIL. - - - 1- --•I- - - -JULY. - - - _____ ,_____ ,________ ,____ Low.High Low.High Low.High Low.High Low.High Low.High Low.High Low.High Low.Hil?h Low.High Low.IJigh f,ow.Hfgla JANUARY :::::mi A~~:~::Rs~·1tcl~?~:.~~- ::::=·:::mi =½8: :::: - ........ =rn~ i06¾:1079:(i8~=i8~~?.~ =108 107 -108½107¾-107¾1081,.(-108½ ...• - •••• Class C, 4s, 1006 ............... - .... 98½- 98½ .. . . - .. .. 100 -100 - :::: ·go - 99"" .... . .. . .. .. .... . [;oulslana-New consol., ~s. .... - .. .. 95½- 96 - . ... 93 - 93 - .. .. ioo -100~ .. North Carolina~ni'h°Jk ~.'. ~~~~ . •::::: . :::: :::. = - .... 105 =1~~ .. ~?~½=1~~~ :::: - ::: : TennesseeNew settlement, 3s, 1918.. 80 - 80 79 - 80 7&~- 80 76 - 80)4 80 - 82 83 - 83 80 - 83¼ 83 - 86 84 - rl8 85¾- 81' 83 - 90¾ 90 - 92~ izs :125·· m¼=rn~½ 0 Vlr:~r!~iri:init:°debi::i~as:: 61 : 6s, def'd tr. rec. stamped. 6 - https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 62~ 6¾ i~6 :- i~½ .62¾- 63% 6¼ 5 - 6 0 68¾- 64¼ .64¾= (i5" g~¼= gg .64 : 5 - 5 4 - 5 3½- 3% 4 - 64½ 4 65½= 61 .. 1·6·7 . . . . - . .. . • • •• 0 1 67¾ g~ : g§ g~ : ~~½ ~~~= ~ RAILROAD PRICE TRAFFIC 'rOCK A D PRICES. AND BO D , 1 93-1897. In the article on the following pages we furnish a very full and complete review of the course of earnings of United States railroads for the calendar year l 897, with the influences and conditions bearing on the same. It seems desirable to precede thi review for 1 97 with some general statistics to show the course of operations in the past. Accordingly we have prepared from Poor's Manual the following two tables. Latterly the InterState Commerce Commission has begun to publish very extensive statistics regarding the railroads, bnt the record in this case does 1Lot as yet extend back very far. The first of the two tables indicates the amount o: new construction each year and the total length of road at the end (December 31) of the year. The change in total mileage from year to year, it will be observed, do not agree with the additions through new construction. This is due to the fact that the Manual finds it necessary to make adjustments and corrections of past mileage and to the further fact that some old mileage is abandoned from time to time. The new track laid in 1897, as also in the years immediately preceding, was very small. The country has witnessed since the war three great periods of railroad extension, culminating respectively in 1871, in 1882 and in 1887. In the first period the new construction was 4,615 miles in 1869, 6,070 miles in 1870 and 7,::379 miles in 1871; in the second period it was 6,876 miles in 1880, 9,778 miles in 1881 and 11,599 miles in 1882; in tht third period it was 3,131 miles in 1 85, 8,12 miles in 1886 and 12~983 miles in 1887, ince which date the construction ha been 7,066 mile in 1 , 5,695 miles in 1889, 5,656 miles in 1890, 4,620 llliles in 1891, 4,584- miles in 1892, 2,789 miles in 1893, 2,264 miles in 189-!, 1,922 miles in 1895, 1,997 miles in 1896 and 1,900 miles (estimated) in 1897. The aggregate railroad mileage of the country on January 1, 1898 as, roughly, 184,500 miles. The second table which we give shows the changes in stock, debt, earnings, etc., since 1874. It is proper to say that in this case the :figures are not for the end of the calendar year, but to the end of the fiscal years of the respective companies. The results include the opern.tio.cs of the elevated roads in New York City and Brooklyn in some of the earlier but not in any. of the moi·e r ecent years. RAILROAD co STRUCTIO~ YEARLY AND TOT AL MILEAGE IN OPERATIO r . Years. I Miles of Mile, in New Road Operation Built. End of Yr. ----1831. ..... 1832 ...... 1833 ...... 1834 ...... 1835 ...... 1836 ...... 1837 ...... 1838 ..... . 1839 ...... 1840 .... .. 1841. .... . 1842 . . .... 1843 ...... 1844 ...... 1845 ..... . 1846 ..... . 1847 .... .. I Years. Milefl of Miles in New Road Opera tion Built. End of Yr. Y ears. I 72 134 151 253 465 175 224 416 389 5 16 717 491 159 192 256 297 668 95 229 380 633 1,098 1,273 1,497 1,913 2,302 2,818 3,535 4,026 4,185 4,377 4,633 4,930 5,!'i98 1848 . ..... 1849 . .• . 1850 .. .. .. 1851. ..... 1952 . .. . .. 1 8 53 . ..... 1854 ...... 1855 ...... 1856 ... . .. 18 57 ...... 1858 ...... 1859 . . . ... 11860 ...... 1861. ..... 1862 . .... . 1863 ...... 1864 .. . ... 398 1,369 1 ,656 1,961 1 ,926 2,452 1 ,360 1,65! 3,642 2.4 87 2 ,465 1, 2 1 1,846 651 834 1,050 738 5,!:196 7,365 9,021 10,98 ~ 12,908 1 5 ,360 16,720 1 8 ,374 22,016 2 4 ,503 26,968 28,7 9 30,826 31,28 6 32,120 33,170 33,908 1865 . . . .. . 1 66 . .... . 1 67 .. . ... 18 6 1869::::::1 1 870 . .. ... 1 871. .... . 1872 ..... . 187 3 ... ... 1R74 ... . .. 1 87 5 ... . . . 1 7e ...... 1877 .. . ... 1878 ... ... 1879 .. . . .. 18RO .. .... 1 8 1 .. .. .. GENERAL RAILROAD ST.A.TI TIC ()apita l tock. Year R. Funded Debt. -- - - -1- - - - - - · I - - - - I Mlle, of Miles in N ew Road Operation Built. End of Yr. 1,177 1.716 2 ,4 4 9 2,979 4 ,615 6 ,070 7, 379 5,878 4,097 2,117 1 ,711 2,712 2,280 2.629 4 ,746 6,876 9 ,778 35,085 36,801 39,250 42,229 46,844 52,922 60,293 66,171 70,268 7~,3 5 74,096 76,808 79,088 81,767 86,584 93,296 103,143 Years. 1882 . ..... 1883 . ..... 1884 ...... 188 5 . . .... 1886 . ..... 1887 ...... 1888 ...... 1889 ...... 1890 . . .... 1 91. ..... 1892 ...... 1893 ...... 1894 .. .... 1895 . . .... 1896 ..... . 1897 (est.) Miles of \ Miles in New Road Operation Built. End of Yr. --·-- ---11,599 6,818 3,97~ 3,131 8,128 12,983 7,066 5,695 5,656 4,620 4,5 4 2,789 2,264 l,92~ 1,997 1,900 114,712 121,455 125,379 128,361 136,379 149,257 156,169 161,353 166,698 170,769 175,188 177,485 179,393 180,912 182,600 184,500 FOR THE UNITED STATES. U 11 :funded D e lJt. _____ 1 I Len g th Gro s Traffic of Lme Earnings. Operated _ _ _ _ _ Net Traffic Earnino-s. 0 _____ 1 . Dividends Interest Paid. Paid. _____ _ 1 1 _ _ __ $ $ $ Miles. $ $ $ $ 1875 .. . ...... . ........... . ... . t4,658,208,630 ·····. .... .. ...... . . . .. . . . . ... .. .. 74,294,208 71,759 503,065,505 185,506,438 1876 . ...... . .. . .... . .. .. ..... . 2,248,358,375 2,165,141,368 5 5 ,092,192 73,508 497,257,959 186,452,752 .. 93,599)573 68,039,668 1877 . .... .. . . . . . ....... . .. . 2,313,278,59 2,255,318,650 237,604,774 74,112 472,909,272 170,976,697 98,820,927 58,556,31 2 1878 ..... .. . . ..... . .......... . 2,292,257,877 2,297,790,916 182,248,556 78,960 490.103,351 187,575,167 103,160 ,512 53,629,368 1879 ....... . .. . ........ . ..... . 2,395,647,293 2,319,489,172 156,881,052 79,009 525,620,577 216,544,999 112,237,515 61,681,470 1880 ....... . . . .. ......... . . . 2,708,673,375 2,530,874,943 162,489,939 82,146 613,733,610 255,557,555 107,866,328 7 7,115,371 1881 ........ .. ........ . ...... . 3,177,375,179 2,878,423,606 222,766,267 92,971 701,780,982 272,406,787 128,587,302 93,344,190 1882 ........ . ................ . 3,511,035,824 3,235,543,323 270,170,962 104,971 770,209,899 280,316,696 154,295,380 102,031,434 1883 . .................. .. . . .. . 3,708,060,583 3,500, 79,914 26 ,925,2 5 110,414 823,772,924 29 ,367,285 1 73,139,064 102,052,548 1884 ..... . .. . ................ . 3,762,616,686 3,669,115,772 244,666,596 115,704 763,306,608 266,513,911 *167,2 6,139 93,203,835 1885 ....... .. .......... . ..... . 3,817,697,832 3,765,727,066 259,10 ,2 1 123,320 765.3lv,419 266,488,993 179,681,323 77,672,105 1886 ....... . ................. . 3,999,508,508 3,882,966,330 280,673,814 125,185 822,UH,949 297,311,615 182,884,990 80,094,1 38 1887 ........ .. ........ .. ..... . 4,191,fl62,029 4,186,943,116 294,682,071 137,028 931,885,154 331,1R5,676 196,081,610 90,013,458 1888., ...... . .............. . . . 4,438,411,342 4,624,(135,023 306,952,5 9 145,387 950,622,008 297.363,677 199,062,531 78,943,0 U 1889 ..... . .. . . .. . ....... .... . 4,495,099,318 4,828,365,771 31'.>7,477,160 152,689 992,046,319 317,963,074 210,268,325 79,531,863 1890 ...... . . . .. . ....... . ..... . 4,640,239,578 5,105,902,025 376,494.297 157,976 1,078.835,330 341,666,369 217,922 677 83,575,70 5 1891 . . .... .. . ...... ......... . 4,751,750 ,498 5,178,821,9 9 345,102,632 164,262 1,125,534,815 350,807,370 22~,652,306 89,099,7 57 1892 . ..... .. . . .... . .......... . 4,~63,119,073 5,405,049,969 285,455,287 170,607 1,191,857,0991352,817,405 229,909,292 93,862,412 1893 ..... .. .. ... .. .......... . 5,021,57 6,551 5,510,225,528 409,909,043 173,3611,207,106,026 358.648,918 236,755,805 9 3,537,681 1894 . . .... ... .. ... . .... . ..... . 5,027,604,717 5,605,775,764 382,927, 34 176,220 1,066,943,358 317,757 ,399 234,70 2,912 83,478,6 69 5,182,121,999 5,640,942,567 418,505,092 179,154 1,092,395,437 3~3, 196,454 239,944,229 1 8 1,375,774 1895 .... .. ··· · ···· · ·········· · 1896 .... . .... .. . ...... . .. . ... . 5,290,730,567 5,416,074,969 339.502,302 1 80 ,8911,125 .632,025 332,333.756 242,415,494 81,30 4,854 • Basis. ofi computation seemq to have been changed Romewllat beginning with this year. t Includes total capital and debt accoun ts. OWillg t.o .the inco ,,pleteness of the information at hand the statistics of "other debt" and "interest paid" cannot be furnished for the first year covered by above statement. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis RAILROAD EAR INGS. 61 last five years, both for the twelve months and for December. The latter reflects the conditions at the RAILROAD GROSS EARNING FOR 1897. close of the year, and it will be seen that our remarks The year 1897 was the best the railroad-carrying above apply also to the figures for the month-that is, interest ( considering it as a whole) has ha.d for a long the 1897 exhibit is by far the best of any recent year. time-the best not only since the panic of 1893, but Mileaae. Barn,naa. since before that date, say since 1890. In speaking IncrMN Of' Year Year Year Year t hus we have reference of course to the absolute Durta,e. Qi'l)ffi. Bi1'en. Prec&&irn, PrecMin9 amount of improvement in earnings shown. -M'111,1. - - M'1u. - - - - - ---December. f I On this point the aggregate result is gratifying be- 1893 (127 roads) .•.... 97,378 94,369 40,318,0l.6 46,793.383 Dec. 6,474.831 189! (125 roads) •.... 96,390 95,A29 88,937,350 39,179,381 Dec. 2U,98! yond expectations. We are writing within a short 1895 (123 roads) .•... 99,9V5 99,854 45.02~,&8 41,249,398 Inc. 3,7,6.460 1896 11:!5 roads). •... 97,233 96,HO 42 893.33~ 43,507,220 Dec. 613,886 time after the close of the year, when it is not possi1 97 (138 roads) ..... 103,672 102,2 1 52,299,577 46,542,468 Inc. 5,757,109 sible to have complete figures. And indeed, even ran. 1 to Dec. 31. under the best of circumstances some months must 1893 (183 roads) •... Ul.839 138 371 P36.l87,955 ll61,407,915 Dec 25,169,960 Ui94 194 roads) .... 151.00.l 150.0!1 865,702,81-l 91s.12e.1% Dc.112,425,321 elapse before final and exact data can be obtained. 1P95 ,201 roads) .•.. 148.26'> U7,89i 886,257,3 ·5 836,826,418 lnc:.49,9S0,fi67 :205 roads) •.. . 152,923 924.35'1,5111 921,182.644 Tnc. 3,17d.911 154.li9 The returns we have already procured, however, 1896 181l7 1201 MSl.d!I) •. 157,7~{) 1037502518 9i8.~97.75- Inr.5A ll04.7fll 151l,fl51 afford a sufficiently clear indication of the nature and What gives special significance and importance to extent of the improvement (or shall we say recovery?) this gain of $58,904,761 for the year is that it was all which has been established. We have had returns for made during the last six months. In reviewing the the full twelve months from 133 companies operating, figures for the first half in the CHRONICLE of July 10, we roughly, one hundred and six thousand miles of road in commented on the fact that though some of the separ1 97. These 1::33 companies earned 602,236,028 gross ate roads had done well the results as a whole afforded in 1897, against 564,516,909 gross in 1896, a gain of no evidence of a marked change for the better. A • 37,719,119. In addition we have figures for eleven preliminary table which we then gave covering 159,135 months of the year from 68 companies operating miles showed 1,266,174 loss. A later statement pubin 1897 53,732 miles of road. These roads earned lished in the CHRONICLE of August ~8, and covering -!35,266,490 in the eleven months of 1897, against 163,687 miles, showed a loss for about the same $414,080,848 in the eleven months of 1896, a gain of amount., namely $1,115,001. The truth is, the condi21, 185,6-!2. Altogether, then, we have a gain o1 tions still con tinned unfavorable during the first six. 5 ,904, 761, or 6·02 per cent, on 159,651 miles of road. months. Trau.e was quiet and inactive, and it was not The final totals, it will be obser-.ed, are of great magniuntil the last half of the year that the great change tude, that for 1897 being over a thousand million in the situation for which the year is distinguished dollars ($1,037,502,518), which evidences the compreoccurred. In both January and February our monthly. h ensive nature of the exhibit and speaks eloquently statements showed a falling off in earnings, and of the size of the railroad industry. though the remaining four months of the half-year reflected gains, the improvement was small each month, Miles of Road Gross Earnings. Ena of Perina. except for May, when the increase was 5·14 per cent. · 1897. 1896. Increase. 1897. 1896. BP-sides the fact that the uncertainties of tariff legisla1- - - - 1 - - - - 1 - - - - - - - $ ' $ Lion tended to res~rict activity in trnde, there were spec133 roaas full year.... 602,231\028 564,516,909 37,719,119 105,919 lOi,528 68 roads 11 months... 435,266,190 4J4.080,8!fl 21,18:1,6!:.! 53,,732 53,231 ial depressing influences which kept tonnage and revenGram! tot. <'!01 r'ds). 1.037,502.518 978.59?,757 58,904,761 1:iP,tSl 1~2>9 ues small. The weather was an important drawback The list of roads which have as yet reported for for one thing. Out West, while there W3re no such only eleven months includes some large companies general snow blockades as have on occasions been sure to record heavy gains in the final month, Decem- noted during other winters, yet some of the individual ber; and if we were asked to venture a guess as to roads nevertheless suffered severely. At the beginning t he amount of the increase for the full twelve months of the year there were complaints of high winds and on the whole railro3d mileage of the country, we drifting snow on the Great Northern and the Northern should say it must be between 70 and 75 million dol- Pacific. Later there were reports of snow blockades lars. Bnt even at 58 million dollars the gain is heavy on the outlying lines of many of the systems running an d betokens a large and active volume of business. to Chicago, the main lines, however, remaining comIn no other recent year has the amount of increase paratively free from obstructions of this kind. Tobeen so considerable. In 1895, when the Morgan- wards the close of February floods at Cincinnati Belmont contract stimulated general trade revival, and throughout the Ohio Valley proved a serious there was also a maL·ked expansion in the revenues of liindrance to many roads. This was followed in March the roads, but the addition then was not quite fifty by heavy rain~, high water, floods and washouts million dollars ($49,930,967), the basis of computation throughout the whole of the Mississippi Valley. The having been the same as for 1897-that is, part of the overflow of the Mississippi was the worst on record, r eturns being for only eleven months. In 1896 the lasting through many weeks, and it was attended by roads did little better than hold their own, the increase great destruction of property and the loss of many t hen being only 3,176,917. In 1894 (after the panic lives. of 1893) they suffered a loss in the large sum of During these six months, too, the grain movement, 112½ million dollars ; in 1893 itself they lost over 25 which proved such a noteworthy feature the last six million dollars. But while the 1897 result is thus months, did not run much ahead of the previous year, considerably better than that for these other years, it in certain sections actually falling behind. The 1896 is of course obvious that the '58,904,761 gain does grain harvest, it will be remembered, had been of not represent that much new revenue, but merely a great magnitude, but in the spring-wheat districts the recovery of the large losses sustained in 1894 and 1893, yield of that cereal did not come up to the phenomet hough to be sure it is none the less welcome on that nal out. turn of the previous year, and the resulting account. The following furnishes a summary for the contraction in the wheat shipments from those dis- https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis - • RAILROAD 62 tricts counted as an adverse circumstance against many of the large systems extending out from Chicago. As a matter of fact there was a small falling off at Chicago th~ first half of the year in the receipts even of corn, oats and barley. The comparison at other primary markets was but little better, the deliveries of wheat, corn . oats, barley and rye at Chicago, Milwaukee, St. Louis, Toledo, Detroit, Cleveland, Peoria, Duluth, Minneapolis and Kansas City combined having been 213,149,446 bushels in the 26 weeks of 1897, against 204,085,860 bushels in the same period of 1896, givmg an increase of only about 9 million bushels. At the seaboard, though, there was a more marked increase, the 1897 receipts having been 160,681,070 bushels, against 92,755,067 bushels in 1896. Still even here the gain the second six months was very much heavier, as we shall presently see. The last half of the year the entire situation changed. Dollar wheat again gladdened the hearts of the farmer and of the entire community. Furthermore, the country was once more blessed with bountiful harvests, while the rest of the world had to contend with a shortage. The demand for our cereals • reached extraordinary proportions. The increased movement of wheat alone was sufficient to give the roads in the agricultural sections a new era of prosperity. But in addition the high prices realized by the farmers for their proiucts made these classas unusually prosperous, and through their enlargeu purchases stimulated the movement of merchandise and general and miscellaneous freight . The Eastern manufacturing centres in turn felt the quickening influence, and the close of tariff legislation helped farther to promote trade revival, which thereafter continued to spread and to gain in force. As a consequence the monthly returns, which . in June had shown only 2·17 per cent increase, in July showed 5·16 per cent increase, in August 12·40 per cent, in September 14·1-l: per cent, in October 8·97 per cent, m November 20·79 per cent, and now for December 12·37 per cent. 'rhe improvement for rovember was exceptionally large, because then comparison was with a month in 1896 when things were at their lowest ebb, the effects of the starting up of mills, factories, &c., which occurred after the ovember election not appearing in earnings until some time subsequently. We aunex herewith the monthly figures. Earntrwb . MilP.aue. Period.. 1897. -M-£les. -January (12':l roads) 96,271 Jl'ebr'ary (130 roads) 96,022 March (126 roads) •. 96,81!5 April (133 roads) ..•. 99,086 May (131 roads) .... . 98,280 .June il20 roads) .. . 94,957 ,July (127 roads) ••... 100,859 August (123 roads). 97,ll62 Bept'ber (183 roads). 100,119 October (132 roads) 101,408 November (131 r'ds) 100,646 December (138 r'ds) 103,6i2 1891l. 1897. Miles. 94,708 95,385 06,201 08,360 97,511 94,298 99,445 95,7 4 98,58l 100,02t 9:),262 102,281 34,977,1:129 36,24fl,138 38,799,517 38,147,090 39,7ll,ll30 38,4119,736 H,9M,:i50 !5,056,637 51,538,569 51:,937,2119 52,182,577 52,299,577 $ Inc.orlJ~.:. P. 0. 1896. $ $ 37,520,730 -2,543,101 6'i8 35,568,10! -319,066 0'89 38,189,106 +610,4 41 1'60 37,604,856 +542,23! 1•44 37,769,148 +1,0 42 ,78 2 0 ,14 37,1153,080 +816,656 2•17 42,748,940 + 2 , 2 o5, 4 toj S·l 6 40,0&>,3iP +!l,9il,21,8ll2·40 1 45,152,746 51,335.090 43,201,129 +8,9s1.m 120·19 46.a42,t68 +s.157.109 12·31 ~:!~!:~:1 !:~~ It should not be overlooked that the great improvements in results the last six months occurred, too, in face of some adverse influences of large magnitude. From July 4 until well towards the close of Septem·ber there was a general strike of the bituminous coal miners, embracing Western Pennsylvania and Ohio, Indiana and Illinois. During September, October and a part of November the yellow fever put an embargo on trade in the South. Furthermore, railroad rates in nearly all sections of the country became https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis steadily more demoralized, the decision of the U. . Supreme Court the previons March declar.ing the Trans-Missouri Freight Association an illegal body having loosened the bonds between the roads. Many prominent railroacl officials question whether the rates realized on competitive business left any pro:fi t to the roads. The demoralization was especially pronounced east of Chicago. Here too the effects were most marked. In the West the extraordinary increase in traffic served in great measure to conceal the unsatisfactory condition of rates on competitive traffic. In the East, however, where the grain traffic forms a much smaller proportion of the total traffic, and where also the general community did not experience an equal degree of prosperity with the grain-rai ing section , marks of the demoralization in rates are plainly visible. For example, the Lake Shore & Michigan Southern has only $99,055 increase for the twelve months, after $822,077 loss in 1896. In the case of the Pennsylvania we have the figures as yet for only eleven months, and they show a large gain, namely '2,836,500, taking the Eastern and Western lines together; but the Pennsylvania is a large systP,m, and this gain is a recovery of only a part of the previous year's loss in the same eleven months, which amounted to $4,913,000. In contrast with this, if we take the Burlington & Quincy a a type of a large system in the West, we find an increase of 5,192,307 for the eleven months, in addi'.tion to an increase of $484,933 in 1896. Only $99,938 of the $5,192,307 increase in earnings occurred in the passenger revenues. or are the passenger earnings of the Quincy exceptional in this respect. Indeed, the revival in trade, while adding materially to the freight traffic of the lines, does not seem to have brought with it much if any enlargement of the passenger traffic, and for most roads the passenger earning-s for 18fJ7 do not equal those for 1E96. In the favorable influences of the year, the part played by the large grain movement in swelling traffic and revenues of course transcended that of all others. To show in a striking way how marvelously th~s grain movement has increased during the last two years, we give the following table, showing the receipts of flour and grain at the Atlantic seaboard for each of the last four years. It will bf' observed that over 420½ million lrnshels o-f grain were brought to the seaboard in 1897, against not quite 263 million in 1896, and but 161½ million bushels in 1895. GRAIN AND FLOUR RECEIPTS AT SEABOARD. R•ceipts of1897. Flour ..... . ..... . ....... bbls. 25,796,911 11.P6. 12,781,024 1895. 17,ll80,Hl 1894. 2(1,553,131 Wheat ...... . ..... . . .. busb.108,297,00L Corn .......... . ....... " 18/l,667,162 Oats... . ...... . ...... . " 97.!ili3,873 68,284.239 101,0l2,5!l0 74,169.725 1 5(1,68!,527 61,169,211 14,10~,191 5 ·iii:~~ 67,399,094 44,658,085 44,139,583 4,860,752 602,210 262 n93 377 · •" • 161,565,8~3- 151,664,721 :;~.~~::::::::·:::::::: :: rn:i~uH T ~-1 · " o.,.. grarn · · · · · · · 420 533 850 ' · • ::m:~gg At the West the comparisons reveal hardly less noteworthy expansion, the receipts at the primary markets l for 1897 aggregating 645,555,844 bushels, against on y 550,760,654 in 1896. The increase h ere is, roughly, 95 million bushels, and all but about 9 million bushels of it, as already indicated, occurred during the last six months. We may note that in 1895 the receipts had been only 429,477,590 bushels. Thus in two years the addition has been over 216 million bushels. We may say that, roughly, this is equal to five million tons of freight. Below we show the grain receipts in detail in our usual form, both for December and the fifty-two weeks. It will be seen that the smaller 1 RAILROAD EARNING . 63 I pring-wheat m:ivement th e eariy part of the year is bales in 1896 and 5,639,663 bales in 1895. For the reflected in a falling off of about !- million bushels in latter half of the year the receipts were 5,503,711 bales in 1897, 4,937,600 bales in 1896, and 3,397,435 bales in the wheat deliveries at Duluth. .a1110EIPTsoF FLouR A.ND GRAIN FOB FIVE wHxs ENDING DECEl\lBER 31 1895, showing an expansion hardly less noteworthy A.ND SINCE JANUARY 1. than in the case of the grain movement in the West. Fwur. Rye. Corn, Barley, TJ71w2t, Oats, At Galveston the receipts were 1,709,253 bales in 1897 (bush.) (bush.) (buah.) (bush.) (bush.) (bbls.) - - - - - - - - - - - - - --- ---- -- - against 1,362,361 bales in 1896 ; at ew Orleans -VMca11043i,383 453,137 7,237,053 7,llE7,440 12,653,782 J,928,6t9 -5 wks. Dec., 1897 761,1!19 5,234,239 10,15~,tl!!O 2,296,518 2119,891 2,168,215 against 2,125,407 ; at Savannah 1,086,359 19:l,636 .5 wks. Dec . 1896 Year '97, 52 wks. 2,9.H,113 28,065,011 1111,551,488 117010333 17,1~9,73-1 3,270,971 Year '96, 52 wks. 2,521,452 19,630,850 88,002,816 107H852; 17,466,501 2,!l97,385 against 878,555 ; at Mobile 317,339 against 267,316 MUwn.ulcee212,3i;5 bales. The shipments overland for the twelve months 2111,840 1.098,780 591,500 1.364,fOO 818,500 -0 wks. Dec., 1897 87,000 314,880 1173,000 1,255,•00 62:l,000 627,750 li wk~. Dec.• 189tl Year '97, 52 wks. 2,206,850 9,0411,62,.. 3,1121,638 t0,49;',61l0 10,639,!150 l,7!i0,400 were 1,4:-1:5,322 bales in 1897, 1,274,944 bales in 1896 Year '9G, 52 wks. 3,165,740 8,8°8,684 2,027,175 13,571,000 ll,'139,995 1,781,425 -'It. LM,uand 1,44:-1:,364 bales in 1895. 53,918 786,305 305,271 108,130 1,381.71'15 5,227,800 5 wks. Dec., 1897 16,203 231,760 482.987 4,lrl9,315 1,355,2110 :5 wks. Dec., 18911 100,355 0 ur tables of earnings, a<3 stated above, cover 201 61l3 9~2 Year '97, 52 wks. 1,825,446 11,716,83i 29,588,877 Ll,SOP,6iS l,ll03.310 276.217 Year '96, 52 wks. 1,852,699 12,13J,675 2!,050,756 10.12e,oab l .87t,360 ds. 0 f these 14:9 have increases over the year preroa 1otet1.n40,117 ....... 3J,800 5,441 553,467 1,043.48! -0 wks. Dec., 180~ 52 have suffered a decrease. In the ceding 1,018,:~oo 766,200 5 wks. Dec., 1896 3,557 'll;il!I . 2·i,035 856,714 followingwhile 5\,1193 9 901,13d 11,83i,7rl4 1,854,7811 Year '97, 52 wks. we show all changes exceeding 200JO00, 4211,900 2ci,300 ll83,900 Year '98, 52 wks. 63,105 7,60:t,600 4,551,900 uet,-n,tIt will be ob erved that 75,(92 whether gains or losses. 831,559 350,578 252.005 208.518 5 wks. Dec.. 1897 31,GOO 25~,151 218,1130 181,lll~ 170,&2 6 wks. Dec., 1896 36,'l.50 oi°i.4cici there are only three of these latter. 313,!!75 4.05'l,382 2,230,714 l,955,5t0 1,204,884 Vear '97, 52 wks. Year '96, 52 wks. 250,876 3,029,8711 1,665,507 l,97v,611 1,aH,512 66,452 6,219 216.011 51l,S97 961,552 463,9!7 3,007,0:-12 2,602,031 984,048 560,"8t• 51,8t18 173,572 2,901,791 3.'12l,5:i5 682,158 1,705,603 Oleuelrinti- Dec., 18117 -0 wks. Dec., 1896 Vear '97. 52 wks. Year '96, 52 wks. .6 wks. •·eoNri- 45,1100 1,806,ftSO -0 wks, Dec., 1897 3~.331} 114,450 l,86!1,300 31,410 5 wks. Dec.. 1896 Year '97, 52 wks. RJ8,739 559,8u0 19,814,470 347,500 1,7tll,400 18,333,450 Year '9~. 52 wks. ,ut11tn 4,750 l'l,30'1.123 714,706 :o Wkll. Dec.• 1897 li wks. Dec.. 189tl 2tl.200 2,77H,945 6.156 Year '97, 52 wks. 4,026,210 47.979,6H 2,034,644 Year 'Q6 52 wks. 4,251,434 56,254,609 398,105 Min,, •iivoUs27,003 11,770,0~0 wks. Dec., 1897 613,HO 16,64a 11.64!1,530 5 wks. Dec., 1896 151,16! 140,676 72,RtiS,270 s,98a,916 Year '97, 52 wks. 121,632 69,0¼4,690 1,66t,t128 Year '96, 52 wks. Kansas Oit'I/wks. Dec., 1897 1,628,500 1,537,600 wks. Dec., 1896 !74,020 1,695,500 Year '97, 52 wks. 19,8P5,300 12,..25,950 4,594,628 5,57:t,082 Year '9tl, 52 wks. 7otal flf alt- 10,972 25,143 297,600 1,053 550 375,400 1,5511,100 1~,174,55(1 l.32d,900 17,8'.ll,100 1,960,700 ········ ........ ..... 15.000 43,200 104,500 198,650 285,498 148,246 351,610 15f-,95, 3110,756 243,701 6,777,l';9 5,!72,464 l,ll83,ll'i5 4,791,771! 6,660,723 1,M3,8i8 1,252,770 1,851,020 16,SO!l,051 9,lld,060 ··••·•• ........ . Eii,1·00 10,100 .46,i:if\o 11,560 ........ ........ ········ ....... ........ ........ ······· -- --- - - - - - - --- --........ ....... ······•· ........ o wks. Dec., 1897 .. 8 3°35 ........ ....... P91,5112 28,189,428 941,022 13,298,1!14 wks. Dec., 1896 Vear '97, 52 wks. 11,540.418 20',112,08t Year '96, 52 wks. 12,183,835 185,519,041 20.85A,9511 14,495,767 205,390, ~52 147,8-IB.077 396,000 451,EIOO 3 .8~3.700 2,603,569 18,783,671 16,618,d80 185!if-9177 169?80187 977,111 S,917.0i7 862,428 4,666,655 37,506, 7i9 9,t:157,582 40,774,384 6,739,015 As is usually the case, the bulk of the great increase in the grain movement is found at Chicago. :For this point we have compile<l a separate statement and giv e it below. ThP-se .figures differ from those in the table .above in that they are for the full year, while the ,others arc for a perind of ju<3t fift.y-two weeks. llECETT'r8 AT cruo.100 lHllllNG t>ECU:l(lllllt !NI> FOn TTIE YEAR. l'ear December. PRINCIPAL CHANGF.S IN GROSS EARNINGS FOR 12 lUONTHS. Increases . Ua.uadian Pacific ... ..•. $3,365,194 Missouri Pacific....... 3,217,031 Illinois Central. ... . ... 2,910,lOR Mexican Central . . . . . . 2,628,928 Northern Pacific...... 2,146,876 Kan. 0. Pitts. & GuH.. 1,607,242 New York Central... . . 1,534,110 Chic. Rock I. & Pacific. 1,421,200 Great Northern .....•.• 1,115,332 Baltimore & Ohio...... 1,067,670 Southern Rail way..... 1,027,000 995,075 Chesapeake & Ohio . . . 978,732 Oregon RR. & Nav.. ... 831,893 Otev. Cin. Chic. & Rt. L. 82fl,378 Chic. Mil. & St. Paul. .. 769,052 Mexican National..... 765,303 Grand Trunk . . . . •• . . . . 674,5591 Texas & Paoifl.o...... .. 570,580 Louisville & Nashville. 567,3861 Rio Granrfe Western . .. 503,145 Mexican Railway . ..... 456,0151 Nat1h. Chat. & St. L.... 433,853 St. Joseph & Gd. Isl'd. 433,765 Kan. 0. Ft. S. & Mem.. PRINCIPAL CHANGES IN Increase,.. Un. Pac. Den. & Gulf. $4t5,875 St. Louis & Sau Fran .. 418,495 415,442 Chicago Gt. Western .. Denver & Rio Grande. 399,093 Interooeanic . .•......• . 317,042 B. & O. Southwestern. 26!"i,175 Mobile & Ohio ........ . 297,318 291,8.i4 Ft. Worth & Den. City. 287,130 Cin. N. 0. & Tex. Pao Wisconsin Central .... . 270,187 253,871 Georgia & .Alabama. . . . 242,294 Wabash .........•••.... Minn. St. P. & S. ~. M .. 237,880 227,522 Mo. Kan. & Texas .... . 225,390 Chicago & East Ill .... . Total (representing 43 roads) .......... $35,470,975 Decreat1es. Duluth So. Sh. & .A.tl.. . $313,428 221,924 Norfolk & Western.... Total (representing 2 roads) .. ···-······ ---- $535,352 GROSS EARNINGS FOR 11 lUONTHS. I I Increase8. Increa8es. $379,781 Chic. Burl. & Quincy. $5,192,307 Northern Central..... 339,020 .A.tch. Top. & 8. Fe . ... 3,215,458 Leh. V.RR.andL.V.0'1: 333,244 Pennsylvania t.. .. .. . . 2,836,500 Oregon Short Line.... 230,784 Union Pacific ... ·····-· 2,604,763 Fla.. Cent. ,11; Peniu. ·-· 226,621 &Mex.Gulf* Monterey 1,755,968 Pacific...... Southern Erie.................... 1,547,463 j Total (represent'ng Chic. & North West'n. 1,068,245 29 roads) .••..... $21,233,612 543,2091 Duluth & Iron Range'" Oecrea8e8. 531,038 Oregon Cmprovement.. $472,468 429,211 Phil.& R. and Coal & I. Chic. St. P. Minn. & 0. * For tim months only. t Eastern lines increased $1,701,000 and Western lines $1,135,500. t For eleven months ending October 31. This list shows quite a la-r ge number of gains, runfrom one million to five millions. They come ning 701,170 2,907,49l Wheat.bu11h. 6,861,453 'Oorn ... bush. 7.092,HO !l,86t,888 5,577,114! all sections of the country, though naturnearly from Oats .. bush. 11,323.232 9,437,893 7,317,252 166,997 283,361 386,383 Rye .. . bush. ally the grain-carrying roads are most numerous and Barley.bush. 1,710,601 2,228,292 1,674,126 - - - - - - - - - - - - - - - - most conspicuous. Both the Canadian Pacific and Totalgratn 27,873,809 17,515,10! 17,643,511 28ll,417,633 239,8!14,9b7 175,984,095 21J6,IH5 2,9!7,005 2,532,041 3,005,508 the· Northern Pacific take front rank for amount of 183,76:3 432,990 l'lour .. bbls. 9,672 7,f85 2,230 60 1,206 12 l'ork ....bbls. gain. The first-mentioned road has made the largest Outm'ts.Ibs. 19,950,Sli 13,114,128 18,998,857 170,038,111 160,612,721 172,00!le,133 Lard..... lbs. 6,308,481 d,851,157 8,591,507 50,130,918 67,181,969 5i,046,32i earnings on record; the Northern Pacific, however, 780,966 8,363,72! 7,659,472 7,885,274 7f8,794 873,375 Llvehog11No notwithstanding its heavy increase in 1897, falls far It thus appears that Chicago received 283 million bclhind its total for 189i, as will appear from the foll>ushels of grain (not counting flour) in 1897, against lowing six-year comparison. 239 million bushels in 1896 and 175 million bushels in EA.RNCNGS OF PA.CIFIC ROA.D8. 1895. As regards the provisions and live- tock move1893. 189i. 1892. 1895. 1896. 1Ell7. Year. ments at the same point it will be noted that the pro$ ' ' ' $ ' 21,40U,350 20,962,316 18,752,168 18,9H,036 20,681,59::! Pacific. 24,046,792 -visions receipts on the whole did not equal those of 1896, Canad'n North'n Pacific. 20 997,633 18,850,757 19,088.647 16,731,822 19,778,516 24,702,490 but that, on the other hand, the deliveries of live hogs Rio Gr. West'n.. 2,968,279 2,t00,893 2,398,423 2,103,650 2,253,9iS 2,srn.sn -comprised 8,363,724 head in 1897 against 7,659,472 in _!otal ..•.. _. .. :,.::_ 48,012 70! 41,933,248 40,423.:!_0~3~~7 6~tl 42,99!,835 _ 48,695,181 What is true of the Canadian Pacific is true also of 1896 and 7,885,274 head in 1895. The live-stock movement as a whole, however, did not differ much in the most of the orth western roads . They show wondertwo years, amounting to 275,662 car-loads in 1897, ful improvement during the last two years, but have not yet got back to their large totals of 1892 and 1893. against 277,437 in 1896. In the South the roads had the advantage of a much An exception must be made in favor of the Great heavier cotton movement, though this was tempered Northern and the Minneapolis & St. Loais, which by a large decline in the price of cotton and by two excel their records for these earlier years. In this <>ther adverse influences already mentioned, namely comparison we cannot, of course, include roads like the overflow of the Mississippi and the yellow fever . the Burlington & Quincy, the Chicago & North Weiit.At the Southern ports the receipts for the twelve ern, etc., which ham not yet reported for December months were 7;113,489 b:llea in 1897, ag:1inst 6,475,263 1897. 1897. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 1896. 1895. 1897. 1896. 1895. 28,0f.7,f'87 116,759,48!l 118,106,062 3,2i8,fl51 17,185,7U 19,1131,502 ll0,2l6,378 109,585,465 2,530,286 l'i,591,376 20,637,542 59,601,518 79,81l2,792 1,657,216 14,195,027 RAILROAD 64 EARNI GS. BIA.RNJNGS OF NORTHWESTERN LINES Year. EARNINGS OF TRUNK LINES. ~~1~~~ ~~ -- 189'7~ _ 1896.:_ 1895. I t I I I Burl,Ced.R.& No . 4,292,163 4 4'0,035 -l,504,3!l2 3,748,8V9 4,224,7f 3 4,854,790 Ohle.Gt. West .. .. 5,101,931 4,68tl,!89 4,089, t 73 3,658,Cll l 4,488,766 5,216,240 Ohle.MU.& St.P. ! 32,1' 8,761 31,352 383 30,608,002 28,i73,!l86 33,86'\021 8 3,319613 Mllwau.&No .. 5 I I 1,710,593 Ohle. R. I. & Pac 16,842,8P8 15,421,698 15,3:,3,82!' 16,333,855 111.541,523 18.701,05<1 Duluth S.B.&Atl. 1.591.llb 1,904,5-t:~I 1,811,824 1,670,987 2,065,711 2,221,375 Great Northern .. 20,747,424 19,632.092 18,126,381:l 15,167,050 16,096,:394 16,176,189 Iowa Central... . 1,728,21?1 1,725,874 11,680,959 1,667,377 1,IH8,9ltJ 1,92t,31!0 Minn.& St. Louis . 2,U5,9-i9 19Ji 428 1,964.574 1,777,801 1,785,264 2,022,062 Bt. Paul & Duluth 1,608,569 1,537,461 1,570.53 1,442,187 1,713,760 2,130,711 J'ear. t l ------- B. & O. S.W Oh.&Miss. C.C.C.&St.L G.T.ofCan. Ch.&G.T ... D.G.H&M. r,.Sh.&MS. M.C.&Can.s S. Y.O.& H,t Wabash.... Total.. . ... ... Pll,2!l7.031 82.70-t.50'.l 79,710,1112 73 93P,01S 8\1195.108 87,FOII.P75 18117. 18fll3. 1895. I I $ l 6 ' 454 '626 6189 451 ' ' 13,813,356 13,011,463 . 1~f3471,1?2 J 20;93,013 1~.630,oro 45,f09.1~9 12,206,198 1 189-i. .I 6 4i- 06P ' ' l 3,ij76;704 p770<'092 1 '32,705,869 ~ 2,7116,178 t l,001.091 20,193.958 21,016,035 13,821,6H 13,651.420 it,( 75,029 44,338,887 11,963,904 12,65(),906 6,232,515 12,948,141 17,7112.881 2,731,749 1., 12,5F4 19,557,869 12,584.013 41,?97.493 11,622,173 1893. ' 6 672 8!1'.> ' ' 13,789,66~ lll,rn9, 190 4,181,73ll 1,112,722 2ll,68!').938 16,171:l,O!ll 46,7H·,5i2 13,750,158 1892. ' I 2,644,3117 } 4,172,215, U .89i,075 19,606,874 3,76<!,170, 1,228,4H 22,415,382· 15,908,293 45,590 888 U,168,44~ Total.. . . . 1S5.507,504 131,9A1.288 133,57Q,382 126.949,418 145.~50,84'9 H4,39Q,15~ The leading Southern roads generally show import- t loclude~ R.f) •ne Watertown & OS?densburll for all the years. The other roa<l.s (apart from the trunk lines) in the ant gains not only over the ye::i.rs immediately preMiddle and Middle Western States make good com ceding, but many of them have improved even over their results for 1892. Several of the minor lines re parisons with 1896 and 18!15 and also with the earlieryears notwithstanding the coal strike seriously affected· port losses because of the yellow fever ~ARNIN/lR OF SOUTHERN GROUP. many of them. Year. ----- --- 1896. 18117. 1894'. 1895. - -I - ---- -I S Ches. & Ohio.. . .. 11.370,21'9 Georgia.......... . 1 610,959 Kan.C.Mem.&Bir. 1,209,317 LouiJlv. & Nashv . 20.834,1211 1 Memphis & Char .. tl,i38,646 Mobile & Ohio .. .. 4,0J:~,079 Nash.Ohat.& St.L. 15,460.9211 Norfolk & West.b 10,859,9i2 South'n Railway. lP,61§3,970 1893. 10,3'i 5, ~94 P, 798.:l24 9,127,664 9,865.4 i1 l,558,78R 1,357,76!1 l,3!8,549 l,41P,~3 1,ldE,~77 1,131),021 1,056,216 1,125.852 20,263,546 19,809,198 19.405.29-i 20,474,,638 ],825,3P5 1.266,93R 1.286,710 1,4,06,126 a,n5,76t 3,402,,27 8,260,901 s.331,047 5,004,91! i,871,865 i,6'd~,P08 <l,727,i79 11,081 ,86d 9,662,08· 10,3rn,452 10,032,6 17 18,6d6,!'.:o ~:6_9i, u o 18,?~_8 ,!52 1~7.9,ns I BARNINGS OF MIDDLE AND MIDDLE WESTERN ROADS. 1892. - -$ - - -I 9,955,8'9 1,508,575 1,Uff,507 21,859.!78 l,4'66,978 3,341,684' 6,156,574 9,952,882 19,3~,o'i8 1 Tot.sl. . 76,491,2Si 73.l!ll,311 'i0,082.R6, 68,411~,:136 70,662,376 73,61:19,105 b IncludinllScioto Valley & Naw Eng-land and Shenandoah Valley for llll tbe years. t Fourth week of December not yet reported; taken same as last year. Southwestern roads m nearly all cases fall below their best previous records, though this is 110t true of either the Missouri Kansas & Texas or the Texn, & Pacific. EARNINGS OF SOUTHWESTERN GROUP, Year. 1897. 1896. • 1895. 1894'. I I 1893. ' 1892, _ _Y ~ - - - 1897. 1896. I ~~1~89i. S $ 1898. 1892. t t S Ann Arbor......... 1,309,896 1,160,4211 1,106,235 1,08t,7ul J,038,243 1,0P0,651 ewr. Roch. & Pitt . 3.454,364 3,337,7Ei 3,0!\8,142 2,733,211 3,393,157 ,.20<!,265 Ohie&jl'O &East. ID. 4,110,125 3.884,735 3,873,788 S,42i,ll39 4,487,ESO 4,198,032 Ohie.&WestMicb 1,639,824 1,629,043 1,72i,OH 1,596,514 1,892,71< 2,032,540, Ool. H. V. & Toi.. ?,5S8,605 2.480,l-24 2,676.421 2,688.700 3,270,362 3,372.586 Det.Gr.Rap.&Wes. 1,308.918 1,185,202 l,li9,651 1,098,723 l ,20i',093 1,265,572 lllva.nsv.&Terre B 1,104,755 1,065,17() l,0115,ll61 l,Oifl,562 1,300,862 1,300,181> l'llnt & P. Ma.rq... 2.789,812 2,59!,621 ?,50S,699 2,392,7211 2,725,238 2.886,715Gr.Rap.&lnd..... 2,533,832 2,460,030 2,682.832 2,4'64,958 2,807,288 3,',53,875 Illinois Centralt . .. 2-i,723.S99 21,788,29121,81!,34719,6%,2!:0 23,5!1i.9ii 20,8t2,36S, Lake Erie & West. ll,<l88,7!l3 3,Sti,i73 3,519,101 3,845,403 3,612,621 3,558,482 Long Island....... Ui00,732 4.,308,135 4,it9,328 4,4'23,338 4,5112,702 4,690,905Lou.Evans.& St.L. 1,457,811 1,491,?i7 1,505,'135 1,40t,Si6 J,6e5,tl0! J,5M,1M, N. Y. Ont. & West. 3,938,682 3,i;58,813 3,726,183 3,737,118 3,901,140 3,473,rnl Pittsb'll & West'n. 2,979,115 2,8!0,348 3,026,737 2,511.723 2,613,1126 2,366,470Tol. & Ohio Cent. . 1,721,244 1,i97,60<• 1,843,447 1,80P,'23~ 1,952,092 2,0()0,728 Toi. Peo. & West. 940,906 917,205 991,21118P3,621 975.459 9rn,f61 Toi. St. L. & K. C. 2,269,164 2,162,895 1,Ci7,2i7 l.659.563 1,76!,316 2,228,663 West. N. Y. & Pa.. 3,135,96( 3.036,651 3,312,117i 3,1G5,9i2 3,494',008 3,530,689Wheel. & L. Erle. l ,197,0ld 1,297,950 1,421.9~6 1,245,711 1,531,765 1,462,00~ - - -- .. - - --- - --· Total..... . .... 11 .082,110s 613/'66,448 tl7,295,7li2 62,352,717 71,i39,uo 6g,307,soo I Den.& Rio Gr. 7,620,'203 7,221,110 7,291,569 6,760,110 7,781,910 9 221,789 Int.& Gt. No •. t3,645,'i5 ~3.523,18-l tll,27S,229 3,790,368 i,088,GSO 4,195,895 K.C.F.B.& M.. 4,868,489 4,4:!4,724 i.530,237 i,76'2,\!24 fi,237,68i 5,618,658 llo.K.&Tex 11,97l!,'i6fl ll,7i6,2a 11,000,HO 10,502,588 10,370,!!25 9 838,0?5 Mo.P.&Ir.Mt 26,0Jro,OO 22,791,961! 23,293.477 22,582,684 2i,9 9,838 27,684,662 72<l,168 6U,080 782,65i 1,005,701 Bt. Jos.&G.I. . 1,158,021 St.L. Southw. 4,881,114 i,88~,251 5,056,481 4,6!54,561 5,06R,856 4,646,616 7,4'99,703 6,825,144 7,015,309 7,353,013 7,3S4,29i 6,9 7,701 Texas& Pac 1 t Includes the 01>eration'i of the St. T,ouis Alton & Terre Haute for a Ill it1J:;~r1 b~!x:1b~~r:~ri:k~iphhj8cto~~rj~ha~ist6~fo (~;W!1:-li!g;;;!fni~Ttk August) for 1897 onlY. For the month of December the improvement over 1:::ist year is -.·5, 757,109, or 12·37 per cent. There are 138 roads, and the improvement extends to all but d7.659,3H 62,lf.0,7P4 62,1311.525 61,3!4..11 ~ 65,826.6Q5 Total... . . twelve of them. The grain movement was of e:xcep t Galveston Houston & Henaerson not included for these years The trunk lines record only relatively moderate in_ tional dimensions, and the cotton movement was also creases as compared with,1896 or 1895, and h.ll much far in excess of that for either of the two years pre behind their earnings for 1893 and 1892. They have ceding, the receipts at the Southern ports being: 1,483,685 bales in 1897, against 1,185,043 bales in 1896 suffered much from rate cutting. COURSE OF PRICES OF RAILROAD A D MISCELLANEOUS BONDS. The compilations on the succeeding pages show the highest ancl. lowest prices of railroad and miscellaneous; bonds on the ew York Stock Exchange in each month of the last five years-that is from the beginning of 1893 to the close of 1897. The list embraces for each year every bond in which any dealings took place during the twelve months. It covers altogether 37 pages, and is followed by tables showing the monthly fluctuations in stocks on the N cw York Stock Exchange during the same five years, and then by tables giving the range of prices of stocks and bonds during 1897 at the Stock Exchanges in Boston, Philadelphia and Baltimore. 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 arc compiled from recorded sales at the Board. Beginning with 1896 we have made a change in the order of classfftcation of the boncl at New York, as more fully described in an introductory note to the prices of that year. A monthly review of the stock m:1rket J.uring the late year will be found in the first article in this issue· under the caption "Retrospect of 1897," where we also give a recoru of important current events. 1893. BONDS. APRIL. -- - - - - - - - - - - - -MAY. - - -JUNE. JANUARY FEBR'RY. MARCH. JULY. AUGUST. SEPTBER. OCTOBER. 'Nov'BER. DEO'BER. Low. High Low.High Low.High Low.High Low.High Low.High Low.Hi~h Low.High Low.High Low .High Low .High Low.Big A Ia. Mid.-lst, 19Z8.. 6 A m. Cot. Oil Co.-lst .. 8 A tlantic & Pac.-lst ... 4Income ................... 6 A tch. Top. & S. Fe.Gen. mort., 1989 ..... 4 Red8tered .... ........ Income, 1989 . ....... . :i Cla88 "A" 1989, 2¼.4 ClaH "B" 1989 ...... 4 . Ex-interest. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis .... - .... .... - . .. . ... ------ --- .... .... ... . .... - .... .... .... .... - .... .... - .. .... 89 - 89 113 -lli½ 111 -112¾ 11()7k112 lll½-111¾ 108 -110½ 108 -110,s 104 -109 67¾- 71¼ 70¼- 71¾ 68 - 69½ 69 - 69½ 66 - 69 64 - 65 54 - 58 10¾- 11½ 10 - 10§4; 10 - 10½ 9½- 10 5 8 5½- 7 5¼- 6 - 81½- 82¾ 82¼81 - 81¾ S2¼54¼- 57 55¼54¼- 57¼ 52¾59½- 62 - ... .... - .. . .... - . ... 101 -lOB;i 108 -109¼ 111 -112¾ 109¾-111 111 -112 50 -54 56 - 60 55 - 58 56¾- 59% 45½- 60 5 6 6 - 7½ 6¾- 6¾ 6 - 7 2 5 - - Si 82 - 82¾ 81½- 83 80 - 82 76¾- 82 >t63¼- ·m1i 66 - 73½ 72 - 76 67 - 7i 70 - 73¾ 64 - 76 83¾ .... .... . 53 - 53 56¾ 54 - 54 58¼- 53¼ .... . .. . ... . 56¼ 53 - 55½ •51¼- 54½ 45¼- 51¼ iO½- 4~ 29 - 43½ 31 - 40§4; 40 - 4i¼ 33¾- 42~ 36¼- 41 so - 42 . ... 393-t- s~ - .... .... - ... .... .... - ... .... - .... .... .... .... - ... - .... .... - ... . ... - .... ... - . .... - .... . ... -- . ... - ... .... - .... ... - ..... .. - . .. ..... - ~... ... ........ - .... - . ... .... - .... .... ........ .... ... . - .... .. . .... .... .... RAILROAD 65 BO D "'. 1893-Contlnued. JANUARY FEDR'RY. MARCH. APRIL. MAY. JUNE. JULY. AUGUST. SEPT'BER. OCTOBER. N0V'BER. DEC'Bl!:R.. BONDS. Low.Hl1,th Low.High Low.Hii,th Low.High Low.High Low.High Low.High Low.High Low.High Low.Hlirb Low . High Low.High ------·----- - - - --- ---- - - - ·- - - - - - ---- ---- ---- - - - - - - ---- Be I ti more & Obiolst, Pa1.·ke1•1;1b'g Br .. 6 .... - ... .. ... - . . . . .. . - ... . 116 -116 ... . - . . .. 113 -113 ... . - .. . . . ... - .. . . .. - ... 111 111 .... - . ..• Gold, 192:i, coup .. .. . I) 112¾-112¾ 110¼-110¼ 11()¾-111½ .... - .... 110½-111¾ 110 -111 108_ -109¾ 107 -107¾ .... - .... 108¼-110 110 -111 111½-112¾. Reaiste1•ed.... .. . . . . . . . - .... 107½-107½ ...• Consol., a-old, 1988 .. :S ... - ... . .. - .. . 108 -108 ... A.k. & t hie. June .... -~ . ... - . . . . . . . - ... . ... . - .... 105 -105 - ... 102½-102½ . ... B.&o.s w.-tst, 1990 106¾'-106¼ 107%-1077/410S¾-10S½ 107¾-107¾ .. .. - .... 100 -103 101¼-102 - ... . 103½-103½ 103%-104 .... Bar. & Smitl1 Car-l•t.107 -107 .... Beech Creek.-lst, ~ .. 4 .... - .. . . 98 -102 102 -102 101 -101 lOO -100¾ 101 -101¼. .... - .... 96 -100 95 - 96¾ 96½- 98 96¾-100 100%-102 Registered .. . .. .. .. .. . . . .. .. - . . . . .. . - . . . 100¼-100¼ Bost.H.T.&Wes.deb .~ 100 --102 101½-101¾ 99¾- 99¾ 99 - 99¾ 99¾-100 99½- 99¾ .... 95 · 99 99¾- 99¾ .... Buff. Roch. & Pitt sh.General ...... . .. . ...... ~ 99%-100½ 100 -101½ 98 - 98½ 98¾- 99 97½- 98½ 98 - 98¼ 97 - 98½ 97 - 98¼ 96½- 98 98 - 98 98 -100 99 - 99¼ 115 -115 112 -112 115 -115 H5 -116 123 -123 R. & P., l8t, 1921. .. 6 121 -123 120 -120 Consol., 1st ... .. ... . . 6 117 -118 118 -119 - ... . 118¼-119 120 -120 114 -114 113 -113 112 -112 113 -113 114½·115 115½-119¾ 116¼-116¼ Brooklyn Elevated1 st, 1924 . . ..... ······· 6 116 -117½ 118¼-119 120 -120¼ 116 -117½ 113 -116½ 114¾-115 109 -114 100 106 107 -111¼ 106 -108 107 -108 100 -108 95 - 95 94 - 94 94 - 94 . . . . 2d mort., 191~ .... 3-~ 94 - 95 93½-100¼ UnionEl.-lst,193'7.6116 -117½ 117 -117¾ 117 -117½ 117 -117¼ 113 -114¾ 109¾-113¾ 107 -112¾ 98½-103 10()¾-108 102%-107½ 100½ 105 Burl. C. Rap. & No.1st ... .. .. . .. ...... .... .. . . I) 101¾-104¼ 104 -104½ 103 -l{ljl¼ 102½-103¾ 102½-104 100 -101 96 -100¼ 91 - 99 100 -102 100 -104 103 -104¾ 101¾-102¼ Consol. 1st & col. tr.~ 97 -100 99)4- 99¼ 98¼- 99¼ 96 - 97¼ ... . 94¾- 94½ . ... 90 - 93 92 - 93¼ ... . 94¾- 96 Regbtere,............ .. . . . . - . . . . 97 - 97 .. . . C.R.I.F.&N.,lst...... ti 105 -105 101 -101 . ... 111,, 1921 .. .. ....... ... :s 90¾- 92 91 - 91 .... - .... 85-85 - .... 100 -100 - .... 103 -103 J.C.& W., tst, 1909.'7 .. .. - ··· 1100 -105 .. .. Canada Southernlst, a-ua1·anteed ........ 105 -106¼ 106 -107½ 105½-107¾ 106¾-107¼ 105½-106¾ 105 -107 •99 -103¾ 99 -102 102½-10!½ 103 -106½ lOo½-109 108 -109¼ 2d mortgaa-e ........ . .. ~ 102 -103½ 102 -103½ 99%-101¾ 101;½-102½ 102 -102¾ 99 -100¼ 98 - 99¾ 95 - 96 .g3½- 98 96 - 9P 99 -10-2 101¾-103 Cent. O.,reorg.,1!:t.. 4½ .... - .. .. 104 -104 103:Jt-104½ 1 • •• • 104½-104½ .... 98 -100 99 ·101 - .... 101 -101 101 -103 Col. & C. Mid.,' 39.4½ .... - ... 108½-109 . . .. - ........ Cent. RR. & B., Ga .. ~ . ... - .. . . 85 - 85 80 - 80 .... 79 - 81 Sav.&W .,lstcon.,g.i> 67¼- 70¼ 65 - 69 61¾- 65 60 - 61 50 - 55 35 - 39½ 37¾- 40 34 - 36 Tru11t rt>ceipts . ....... . .. - . ... 62 - 62¼ 51 - 51 - .... 37-38 35 - iO 37 - 38 3i - 34 Cent. ot New JerseyConsol., 1899 ......... , . . . . - ... 115 -115 115 -116 113¾-113¾ 113¾-114¾ .... - . .. . 112 -113 110¾-112 - .... 112 -114~ Conver, ible, 1902 .. . , ... - .. .. 120 -122 121 -121½ .... - .... 118 -118 118 -118 l ... Gen. M., 198'7 ........ Ii 108%-111¼ lll¼-112¼ 110 -111¼ 111¾-112½ 110¾-112¾ 109¾-111¾ 104¾-108 102 -107 107½-109 108 -109¾ 109¾-112 112¾-114xt Reiristered . . ..... .. ~ 108½-111½ 111 -111¾ 110 -111¼ 110¾-111 110 -111 108 -109¼ 105 -107¾ 102 -108 107¾-108 107 -108¾ 109 -110 111¾-112¾ Leh.& W.B.-Assent 7 109½-110 - •. . . 106!1.(-108 106¼-107¼ 104 -105¾ 104 -105 103 -104 100 -103 100 -100 105 -109 108 -109½ 106¼-108¼. Mortgage, 1912 ... . :, 95 - 95 .... - .. .. 97 - 98 100 -100 98 - 98 95 - 98 90 - 98 90 - 90 91 - 95 92½- 94 98 - 98¼ 92 - 98 Am. Dock & Imp ...... ~ 108¾-109 109 -109¼ 109¾-109¾ 109 -109 .... - .. . . 108½-109 105 -106 100 -102 104 -105¼ 105 -107J.,~ 108 -109 U0¼ -110% Cenrral PacificGold, 189~ ...... . .... 6 104 -104% 105¼-106 106½-106¾ .... - .. .. 106 -106 105½-105¼ 103¾-103¾ 101¾·101¾ 103 -103½ 103¼-104 103 ·103 104%-105¾ Gold, 1896 .. ......... . 6 105¾-106¾ .... - ... . 106½-106½ 106)4-107 106¼-107 106 -106¾ 103)4-103¾ 100 -10 1½ 103¾-103½ 101¼-103 103½-103¾ 104¼-105¼, Gold, 189'7 .......... . .. 6 106¾ 107½ 106 -107 106¾-107 106½-107¼ 108 -108¾ 107 -107 104%-104¾ 101½-102¼ 104.¾-105¾ 104 -10{½ 104 -104 105¼-105¼ Gold, 1898 . ...... ...... 6 108¼-109¼ .. - ... . 108 -108¾ 108¼-108¾ 109 -109 108 -108¾ 105 -105½ 101¾-101¼ 104¾-106¼ 104 -106¾ 105 -106 105¾-106¼ San Joaquin Br ...... . 6 111 -111 110¼-110¾ . ... - .. 109 -109¾ ... . - . . .. 109½-109½ ... . - .... 102 -103 .... - ... . 102 -10;!½ .. . - . .. . .... Land a;rrants .. .......... ~ .... - . . . 104½-104¾ .... - .. . .... . - . .. 100 -101 100½-100½ .... - •.••.... - .... 100 -100 We11tern Pac .......... . 6 107 -108¾ ... - .... 108¾-108¾ 108¼-108¾ 108½-110 108 -108 104½-105½ 102 -102 .... 105 -105 105:J,(-105¾ 106 -107~. No. ofCal., ~O year .. ~ 95¾- 96 1}5¾- 96¼ 96 - 96¼ 93 - 94½ 94¼- 94½ 94 - 94¾ 94 - 94 ... . 90 - 92½ 91¼- P2¼ 90 - 92¾, Chesapenke & OhioP. mon, fund . . .. ..... . ti 108 -108 .... - ... . 109¼-109¼ .. .. - ... . 110 -110 .... - .... lQB¾-108¾ . ... - .... 109 / -109 108:½-108½ 108¾-108:Jt SeriesA, gold, 1908.ti 116¾-ll7 117½-117¾ 117¼-117¼ 116 -116¾ 116 -116 114 -115 111 -113 109 -112 113 -115 111 -113½ 115 -115 116 -117 Mort., 1911 . .. . ....... . 6 116 -117 118 -118 117½-117½ 115 -115¾ 114½-115½ . . . - . . .. lll¾-114 . .. . - ... . 110 -115 112¼-lH 114 -115 116 -117¼ 111t, con ., g,, 1939 .. .. ~ 102½-104 103%-106 103¾-105~ 105 -106 100:J,£-103½ 07 -101¾ 91¼-100¼ 90 - 98 97½-101½ 101 -104¾ •101!4. 04¼ 101¾-103¼ Registe1·ed . .... . ..... . . 100 -100 100½-100¾ Genei•n I, 199-:l .... .. 4½ 79¼- 82¼ 82¼- 85¼ 81 - 83½ 81¾- 83¼ 77½- 82½ 76 - 80 66 - 77 61:J,{- 70¾ 67 - 74½ 67½- 75½ ~ 4¾- 77½ 71 - 78 R.&A.div • . lstcon2-4 78½- 81 81½- 82½ 81 - 82 80½- 81¾ 78½- 81 77½- 80½ 74 - 78 70 - 76¼ 76 - 79 76¾- 81½ 81 - 84½ 83¾- 86½, l8t, consol., 1P89 .. 4 81 - 82¼ 84 - 84¼ .... 80 - 82¾ 76 - 78 77 - 77 84½- 84½ 85 - 86¼ 2d consol., 1989 .... 4 77 - 78¾ 78½- 80 79 - 79 78 - 79 - .. .. 68 - 75 70 - 70 70 - 76 77 - 80. 79½- 82 Cr. Val., l8t, 1940 . . 1> ..•. - .•• 98 -100 90 - 90 99½- 99¼ Ches. O. & S. W ..... . 6 105 -107 105 -106 - .... 108 -108¼ 107 - 107 106 -106 103 -103 99 - 99¾ ... . - ... . 104 -105 100 -103 2d mort., 1911 ........ 6 72¾- 73 70 - 70½ 70½- 70½ 70 - 71 65 - 65 - . . . . 50 - 60 ... . Chicago & AltonSinking fund, l 903 .. 6 117¾-117¾ .... - ... . 117½-117½ 117¾-117¾ 115 -115 115 -115 110 -115 110¼-110½ . ... 113 -113 L.&Mo.R.l11t, 1900.7 119½-119½ 115¼-115¼ 112½-112½ 115½-116¾ 115 -115 114 -114 - .... 112 -112 ~d, 1900 .............. '7 .... 112½-112½ . .. . - ....... 108 -108 109 -109 St.L.J.& Ub.lst.'94 7 105 -105 105 -105 106 -106 101%-101¾ 101%-101¾ 101¾-101¾ 102 -102 101¼·101½ 103 -103½ .... 101 -101 102½ 102¼ 1st, guay•, 1~94 .... 1 .... . ... - ... . 101%-102 2d, guar., 189S ..... '7 . ... .. . - . .. 109 -109 Chic.Bur.&Nor.-lst.~ ... - . .. . 105 -105 101¾-102¼ 101 -101 99 ·101 97½- 99 97¾- 97¾ .. . . - . ... 98½- 98½ 102 -102 102 -103, Chic. Burl. & QuincyConsolidated .. ..... ... 7 119¼-121 118½-120 117½-119¼ 119¼-121½ 118½-121 117½-121 108½-114½ 110 -115½ 115 -117¼ 116%-119¼ 119 -122¾ 121¾-123!,i Sink. fund, 1901 . .... ~ 103%-104 lOi¾-105¼ .... - . .. . 102½-102½ 101¾-102½ 102½-102½ 100 -100 99 -102 1 · .. - ... . 100 ·101 103 -11}3 Debenture, 1913 .. ... Ii 101½-102¾ 101 -102½ 101¼-102¾ 100%-101¾ 98¾-100½ 97 - 99 87 - 99 83 - 83 86 - 96 96 - 98 97 - 97¾ 97 - 99¼ Couvertible;t903 .. . i) 105½-108¾ 105½-108 102 -104¾ 103 -105 100 -104 97½-10-2¾ 89½- 99 92¾-100 97 -100¾ 98 -101¼ 100 -103 101 -103~ IowaDiv.-·sink. fd ... i) 106½-106½ 105¾-105¼ 104 -104 .. . . - ... . 100 -_1 0~ . . . . -_ . . ~ . .. .v_ u - •·· · 105½-l06. Iowa Div . . 1919 .. .. .4 95¾- 96 95 - 95 95 - 96 93¼- 94½ 93 - 9i 90½- 93½ 87 - 89¼ 86 93½- 95. 90 9 07'-' 91~ 927 n 91½- 93 8 ., Denver Dtv., 1922 ... 4 93½- 94¾ 91½- 92¾ 92 - 93 91½- 91½ 90¾- 91 88 - 90¾ .. .. .... 87½- 87½ 89 - 90 - ........ Plain, 1921. .. ....... . 4 .... - . .<.. 84½- 85 80 - 80 1. . .. - . .... .. . Nebr'skaExt.,192'7.4 86 - 88¼ 88 - 88¼ 87¼- 88 87 - 87¾ 85 - 86¾ 83½- 85½ 83 - 84½ 79½- 83¼ 83 - 84½ 84 - 86¼ 84½- 87 86½- 87¾. ch:!:::s~r;.diiii;;~i~~· ···· - ··· · ···· - 8 7½- 87 ¾ ···• - ···· .... - .... ···· - .. . - "f ·· 1st, sinking fund ...... ti 113¾-114 114 -114 114¼-ll4½ 114¼-116 114¾-114½ 111¾-111¼ . ... - .... 108 -108 110 -112 112 -:!.12 113 -114¾ 114½·114¼lstconsol., 2'0ld ....... 6 121 -121½ . ... - ... 123¼-123¼ 121 -121 118 -120 120 -120 . ... - ........ - ... . ll6 -116 113 -115 Gen. mo1·t., 193'1 . . . . :} 100 -102¼ 101¾ ·102¾ 101 -102 101 -103 97 - 99½ 96½- 98 94¾- 96½ 93½- 95 95 - 96½ 95 - 99 *97 - 99~ 98 -1001', Chic. Gas L. & C-lst.. i) 90%- 91½ 90¾- 92¾ 90 - PO¼ 89¾- 90¼ 85 - 90 83 - 86¼ 75 - 82 70 - 82 80 - Si 81½- 85¼ 84½- 86 86½- 89,i 92 - 96 Cbic.&ln.C'lRy-lst.~ 100 -100½ 100 -101 100½·101 100 -101 101 -101 Chic.Junc.&Stk.Yds.i) 100¼-100¼ .... - ........ - •...... - ... . 100 -100 - . . . . 97½- 97½ 97½- 97½ . . . - ••.• Chic. Mihv. & St. P.lst, P. D., 1898 ....... 8 119½-120½ 115½-116 115¾-115¼ 115 -117 115 -115½ 114:½-116 .. . . - .. .. 108 -110¼ 110¼-113½ 113 -116 115½-116 116¼-ll7 2d. P . o., 1898 .... . '7·3 .... - . . . . 120½-123 120½-121½ 120 -121¾ 120 -120 .... - .. . ... .. 118 -118 lst,gold, R. D,1902.1123¼-125¼ 126 -126 125 -125 126½-127½ 125 -125 121¼-121¾ .. .. - :::: ii6½=1is" ii·?½-li7½ izo - 122 .. :::: - :::: 123½-125 1st I. & M. Div ... ... .. 1119 -122 119 -121½ 118 -120 119¾-122 115½-117¼ 116 -116 .... 108 -110¾i1n -112 .. . . - .... 118 -118½ .... - ..•.• lstl.&D.Div .. .. .. .. 7 . ... - .. . . 120½-121 121 -121 ...• - ........ - .• ..1 125 -125 .... - .... 112 112½112 · lli½116 -116 ... . - ........ - ·· ~· 1st C, & M. Div ....... 7 125 -125 .... - . . .. 125 -125 125¼-125¾•125 -125 1125 -125 ... ... 116:½-116½1... . - . ....... - .. . . 122½- 122½ 123¾-126 Consol., 190~ ..... . .. 1126½-128 125 -127½ 126¾-127¾127 -1.29 125 -128½ 125 -126 120 -121¾ 119 -119½ 122¼-122¼ 122 -122 125 -125 127½-1 ~ l11t I. & D. Exten ..... 1126½-127½ 1.... - .... 127 -127 .• • - . ... . ... - .... 116 -120¾ 117½ 117½ 121 -122 123 -124 .... - .... 124 -129 1st So. West. Div ..... 6 113 -113 1114 -114¾ .. .. - .... 113 -11.4?( 114 -114 109½-lll . ... - ... . 102½-106 105 -110 109¼ ·110½ 114 -114 115¾-115¾ La C. & Dav ..... . ~ 103 -103½ 103½-104 I ... - ••• • 104 -105 . .. - . . .. 95 - 95 - .... 101 -102H . . . - •.•• .ut So. Minn. Div .... ti 113 -115 !116 -116½ 115 -116 114¾-115¼ 111 -115 112¼-113 108 -110 106 -108 109 -111 110 -112¼ 112%-115 115½-116¾ ht H. & D. Div ....... , 123¼ 123¼ 12:J -123 J .••• - ••. . 123½-123½ 123 -123 122½ 1221t ...• - ... . 110¾-113 116 -118½ 118 -121 123 -123 125 - 26 ht H. &D. Div .... .. :J 102 -103 1••• - • ••• 104 -104 . 04¾-105 104 -104 100 -100 1100 -101 101 -103¾ 105 -10 • Ex-mterest. I - '•t https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis - - RAILRO 189:J- C:ontinued. JANUARY FEBR'RY. MARCH. .APRIL. MAY. JUNE. JULY. AUGUST. 8EPT'BER. OCTOBER. NOV'BER DEC'.BER. - - - - - - - ---- ------------------- ------------1---Low.High Low.High r~ow.High Low.High Low.High LowHiirb Low.Hi!!h Low.High Low High Low.High Low High ----------· Low.High - - - · ·- - - - - - - - - - - - · - - - - - - - - ·- - - - - - - - - - - - - - - - - BONDS. (}. M. & !iit. P.-(Con.:Chic. & Pac. Div ...... 6 115 -117 117 -117¾ 117½-118 ...• - .... .... - .... 118 -118¼ 112 -112 .... - .... 111 -111 113 -115 Chic. &Pac. W. Div.5 108¼-110 109¾-110¾ 109¾-110½ 110 -111¼ 109½-112 109 -110 10! -107¼ 103 -105½ 107½-109½ 107¾-108¾ 108¼ 109¼ 109½-110 Chic. & Mo. R. Div .. 5 102¼-10!½ 103½-l<M½ HM -104 104¼-105 103 -104 102½-103½ 100 -100 90 - 97 97 -100¼ 98 -102 lil2 -102 105 -105 Mineral Point Div ... 5 102½-103¼ 104 -104¼ 103 -103 105 -105 - .... 100 -100 .... - . . . . 92 - 95 . . . . - .... 100 -100 100 -103½ . . . . Chic. & L. Sup. Div .5 102 -102 - . . . . ... - .... 106 -107 107 -107 Wis.& Min. Div . . ... . 5 105 -105 105¼-106½ 106 -107 106¼-108 107 -108 106¼-107½ 98 -101 100 -100¾ 101¾-101¾ .. - ... 105½-106 Terminal.. .. ......... . 5 105½-106½ 107¼-107¾ 107½-108 108 -10 ½ 106¼-108 107 -109 98 -102½ 98¼-102 103¾-105 104 -105½ 105 -107¾ 107 -107¾ Dakota & Gt. So . .. .:5 104½-105 105½-105¼ 104 -106½ 106½-107 105 -105 104½-105½ •100 -102½ 99 -101½ 101 -102 102 -103 103 -105 104½-105 Gen. Ill.," A." 1989 ... 4 90¼- 92¾ 93 - 93¾ 93 - 93¾ 9,1 - 95 - . . . . 92 - 94½ 86 - 91½ . . . . 93 - 93 <:htc. & Northwest'nComwl., 1915 . .. . .... ,- 136¼-138 134¼-135¾ 13,l -136 135 -136 132 -134 130 -132 131 -132½ 126 -132 132 -135 132 -137 *134½-138 13B -139 Gold, coup., 1902 .... 7 121¾-12-2¼ 122 -122¾ 122½-123 122 -122 121¼-123 116)4-111) 117 -118 llR -119 120 -121¼ 121;.(-123 123 -125 121¼-12:.>. Gold, rea-., 1902 ...... 1121 -122 123 -123 122 -123 - .... . . .. - ... , 115 -116 117 -117 115 -117 - ... . 122 -122 120 ·120 l<ll¼-121¼ Sinkina f"und, coup .... 6 113 -113 113½--115 .... - ........ - .... 1107-(-113 - .... 110 -110 109 -110 110 -110 111 -112 112 -114 107¼-109 Registered ............. .... - ... ..... - .... 112¼-113½ .... ~inking fund, coup ... 5 108¼-109 108½-108½ 108¼-108¾ 106 -107 106 -106 106 -106¼ 103 -106 100 -105 105 -107 103 -106¼ 106½-107 107½-109 Registe1•ed ... .............. - ........ - ........ - ........ - . . .. 104 -105 . .. - ... . 108 -108 Debenture, 1933 .. ... :. 1067-(-109¾ 111 -112 110¼-110;,{ 110½-110½ 108¼-108¼ 106¼-108 104½-106¼ .... - . .. 105 -106 105 -106~ *103¼-08¼ 106 -109 Registert>d ...... .. .. a 106 -106 107 -107 . .. . - .... . ... - ..•• 107 -107 - ... .... . ~5 yrs, deben,, 1909.:i 103½--106¼ 104½-106 104 -106¾ 105 -105¼ 103 -105¼ 100 -102 100 -101½ .... - •.. . 100 -102 lvll,s-102¾ 100¼-104 102½-104¾ Regis• e1·ed .......... . 5 . . . - . . . . . .. - ...... . . - ........ - ... 103 -103 100 -102 101 -101 102 -103¾ 30-yeai• deb ., 1921 .. a 105¾-106 106 -106¼ 106¼-106¼ 104¼-106¾ 104 -105¾ 104 -104¼ ... - .... 104¼-104½ 100¾,-100¾ 101%-107 107 -10~ Exten. bonds, 19'l6 .. 4 97 - 98 95¼- 98 95 - 95 94 - 95 P4 - 96 93½- 94 91 - 94 90 - 90 91 - 92 95 - 95 95½- 95¼ 98 - 98 Registe1•ed . .... .... 4 97 - 98 96 - 96 - .... 91½- 91½ .... - .... 93¾· 93½ .. .. Iowa Midland.-lst .S . . .. - .... 120 -120 - .. .. 107 -107 108 -108 - . . . 112 -112 , . . . Chic.& Mil.-lst ...... 1 ... - ... . 112¾-112¾ .... - .... 112 -112 - ... 128 -128 Winona& St. P,-2d .7 .... - .... 127 -127¼. ... - ... 123½-123½ .... - ... . 107 -107 Milw, & Mad., 1st . . 6 .... Ottum. C. F. & St. P.5 ·107¼-108 107½-107¼ .... - ... 106¼-1~ N ortb. Illinois, 1st .. 5 .... - . . . . ... - ...... .. - .... lv5 -105¼ . ... (:)hie. Peor. & St. L,,g .5 97½- 99 98¾- 98¾ 100 -lOv 96 - 99 96 - 96 95 - 95¾ .... - . . . . 94¾- 94¾ .... Consol. 1st, 1939 .... 5 ... - . ....... - .... 93 - 93¾ .... <:hie, R. I. & PacificCoupon .... ... .......... . 6 120 -125 123 -125 123 -123½ 1237-(-123¾ 120¾-122 121¾-123 114 -118 114 -114 120¾-123 120½-125 124 -125 126 -126½ Re1ristered ........... . 6 121 -122 123 -123 . ... - .... 122 -122 - ........ - . . . 116 -116½ .. .. - .... 119 -120 120 -120½ ... . - .... 124¼-124¾ Exteu. & Collateral .5 100 -101¾ 100¼-101¼ 100 -101 100 -101 98 -100½ 97¼-100¾ *88 - 96¾ 88¾- 90¾ 90½- 96 947-(- 98½ 98¼-102 99¾-102½ Registered ...... ... . :; 99¼-lOl!ki 101 -102 97¼- 97¼ 100 -100 Debentu1·e, 1921. . .. . 5 95'.¼- 96% 95 - 97¼ 92 - 94 94 - 94¾ 90¾- 93½ 90¼- 92:J<i 89¼- 90 .... 88 - 90½ 87½- 92½ 92¼- 94.½ ~21,(- 95 Keok. & Des lli .. 1st.:; . .. . 99 - 99 100 -101 97½- 97½ .... 50 - 50 . ... - ....... . - •.. . 45½- 4.7½ D.lll.&F.D.lst'05.2½ .... - .... .. .. - ........ 104 -107 103 -103 - .... 107 -107 105 -105 lOO>i-106½ . . . • - •... <:hic.St.L.&Pitts-lst.5 .... - .... lll½--111¾ ...• Chic. ~t.P. lllin.& Om.Consol., 1930 ..... ... . 6 119½-122 121¼-122¾ 122 -123 122 -123 118¼-120¾ 115 -118 111½-116½ 110 -114 115 -118 117½-121 120 -123¼ •120 -121½ - ... 125 -126 - .... 119¼-121½ 119 -119 120 -120¼ Chic.St.P.&M.-l11t .. 6 .... - ... . 124¼-128 - .... 123 -123 St. P. & S. CltY-l8t .. 6 124 -124 123¼-124 12,1 -124 121 -122½ 120 -122 119 -119 120 -120 114 -114. 120 -120 L17¼-1hl 120 -122 123~-124 Chic. & West. Ind.Gen. mort., 1932 .. .. . 6 117 -117 116¾-117½ 116¾-116¾ 115 -116½ 114 -114 - ••.. 108 -109 108 -109~ 109½-110½ 112¾-112¾ 114¼-11~ 1st, s, :t., 1919, gold.6 .... .... 104 -10,l (). & W. llJicb .-19~1.:; .... - ........ - .... 98¼- 98¼ .... <:tn. Ham. & DaytonSinking fund ........... 7 .... - ........ - .... . ... l15 -115 Cin.Day.&Jr. lst .. 5 96½- 97¼ 97¾- 98 97 - 97½ 96½- 97½ 93¾- 96 94 - 96 94 - 94 90;,{- 93 93 - 95 92½- 94 91 - 92½ 93¾- 93" -Oln. In. St. L. &Chic.91 - 92¾ 92½- 92~ 1st .... . .................... 4 94¼- 94'¼ 93¼- 94¾ 93 - 9,1 90 - 90 93¼- 94 89 - 89 91 - 9! 90 - 90 Registered ............ .4 93 - 93 Com,ol,, 19:l0 ......... 6 - ... . . .. - ... . 104 -104 - .... 106 -106 Ctn. San. & Cl.-lst ... ~ 104 -104 .... - .... 104 -104 - . . . . 102¼-102¼ 80 -80 80 -80 -<:leve. & Canton-1st.5 90 - 91¼ 90½- 92 90 - 92 91 - 92½ 92 - 92 S6½- 89 89 - 89 -Clev. Cin. Ch. & St. L.88¾- 88½ 88!!,(- 89 89 - 90 90 - 91 !St,L.Div ,, l8t, 1990.4 .... 93 - 93 - •....... - .... 89 - 89 . . . . 90 - 90 90¼- 91 Cln. W. & M. Div ... .4- 92 - 92 92 - 99 95 - 95 .•.. - .... 94½- 94½ .... - .... 114 -114 111 -112 112¼-113 C.C.C.&l.-lst,s,fd .. 1112 -11,l 114¼-lH½ 113½-114¼ lH¼-114¾ 110¾-110¾ 110¼-111 111 -111 108 -113 Con8ol.. ..... ..... .. .. .. 1 120 -120¼ . • . . - . . . . . . . - . . . . . . . . - . . .. 119 -119 - ... ' 118¼-118¼ .. .. - ... ·1126¾-126~ . . . . . . . . - .... 118¼-120 120 -120 General cons .... ... . 6 .... - ... . 122½-122½ 123¼-123½ 121¼-121½ 120 -122 118 -118 .... - ... . 115 -115 ... . .... _ . . ... - ... . 112 -112 Cln.& Sp,, 1st, 1901.7 .... - ........ - ... . -01. & M, Val.-193S .. a .... - .... 103 -104 98 92 96 91 - 9tl 96¼- 97½ Col. Coal & I,- l8t,con.6 1047-(-106 103 -105 103½-104 104 -105 104 -104½ 100¼-lOlX 100 -100 95 - 95 98 -C. C. & I. Dev.-1909.5 .... - ... . .... 95 - 95 Colorn.do Mid,-lst, &f .6 108 -108 108¼-109 104 -104 85 - 85 85 - 95½ 90 - 92 94 - 94 94 - 94 94 - 95 Consol., gold, 1940 .. 4 63¼- 67 63½- 65¾ 58¾- 61>.¾ 5 ½- 60¾ 55➔.(- b7 50,(- 56 4.0 - 50½ 33 - 40 38 - 44 37¾- 45 4.0 - 43¼ 25 - 46½ C. & H. C. & J., 1 9 1, .6 98 -100 - .. .. . ... • . .. . . .. . ..Col. Con, & Tei·, -lst.5 . .. . - ........ - ........ - .. . . . . . . 87 - 87 86 - 9! C.H. Val. & Tol.-lst.5 91¼- 94½ 93¾ - 94½ 90½- 91¾ 90 - 91½ 86 - 91 85 - 87 76 - 86 74 - 82 *78¼- 88 84 - 89 88 - 94 Gen. gold, 1904 ... ... 6 94),q- 97 96 - 97 96 - 97 97 - 99 95 - !l8 93 - 93 5 - 88 82½- 85 82¾- 90 93 - 93¼ 93 - 97½ 88½- 93~ .... 102 -102 Conn. & Passum.Riv.4 - .... 104 -104 -<:onsol. Con.I Conv .... . 6 . ... - ... 81 - 88 82 - 8! 75 - 77 .Consum.Gas(Cbic)lst.5 89 - 90 90 - 90¾ 90 - 90¾ 89¾- 90½ 90 - 90 .... 60 - 72¼ 72¼- 75 79 - 79 Oel. & Hud. Canal.f'oppon, 1894 ......... 7 106¼-106¾ 106:1:(-106¾ 106½-107 103¼-103¼ 103 -103½ 102 -103½ 101¾-102½ 101½-102¾ 103¼-105¼ 101¾,-102¾ 1037,(-103½ 103¼-104¾ Reg., 1894 ............. 7 .... - . . .. 106½-106¾ ... - .... 103½-!.03½ 103}4-103¼' 101¾-103¼ .... - .... 101½-103 101 -101 101¾-102 103>(-103½ ···· - ···• Penna. Div.-Coup .. ., 138¼-1~ .... - .... . ... - .... 136 -136 .... - .... 185 -135 135 -135 - •··· ··· · Registered........ . . . . . . . - . . . . . . . . - . . . . . . . - . . . ... 132 -132 . . . . - .. •. • • • • Alb. & Susq,-lst, gu.-, 127¼-129 129¾-130 129 -129¼ *125 -126½ 126 -120 .... - .... 120 -127¼ 123½·125 126 -128 127½-128½ 1st coup,, guar ..... . 6 119 -119 1 O -120¼ 118¼-119 116 -116¼ 112 -113 113¼-115 116 -116 - . . .. 116 -118 115½-115½ 116 -117 116¼-117!,( - .... 116 -116 Registered........... . . .. - . . . . . .. - ... . 114 -114 Rens, & Sar.-lst .... 7 .... - .... 136 -136 138 -141 138 -140¾ 142¼-143½ - .... 141 -141 141 -141 .... 137¼-137½ 137½-140½ 143½-144 Registered..... ..... ... . . . . - .... 140!):{-141 U0¼-141 .... Del. Lack, & West'n- ... . 127 -132½ Mortgage, 1907 ...... , .. .. - •. 125 -126 - .... 130 -130 Syr.B'n &N.Y., lst .. 7 129 -129¼ ... . • ... 129½ 129¼ 126¼-126¼ 1~ -125 Morris & Essex-l8t.7 139 -139¼ ... . - ... 140 -142 140¼-141 U-'0¼-138 136 -136 130¾-131 132 -132 130 -135 136 -141 137 -137 139 -139 - . . . 112½-112¼ . . . . Bondli', 1900 ........ 7 111 -112¾ 112½-113 111½-111¼ 112 -112 . . . . • ... 108½-108½ ... . 1871-1901. .......... 7 .... - .. .. 121¾-121¾ .... - ........ - . ... .. .. - .... 117½-117¼ ... . - .... no -110 113½-113½ .... - . - .... 136 -138½ Con8ol., guar .. ....... , 127 -1371,,4 136¼-137½ 135¼-137 136¼-136¼ .... - .... *130¾-132 .. - .... 130½-131 128¼-130 N. Y. L. & W .-1st ... . 6 129 -129 129 -131 128 -130½ 1~ -129 125 -125 123½-125½ 120 -122 117½-120 120 -120 122¼-125 127 -128½ 130 -13~ - .... 105 -111 111 -111 111 -112 ConstI·uction .... .... 5 114 -114 112¾-114 110 -111 111 -111 110 -110½ 107 -110¼ 107 -109 .... Den. C. C'able-1 st .... ti 99¼- 993' 94 - 97¼ ...• - ~··· .... - ... .... . Denv. &Rio G1·andel8t ..................... .. 1 ..17¾-118 118½-118¼ . . . . . ... 119 -119 114½-115½ 115 -115 112 -112¼ .. .. 74 - 75½ 70¾- 74¼ 73 - 79¼ 78 - 82 72 - 75 Newconsol, 1936 ... 4 84 - 88 85¼- 88¼ 86¼- 87½ 87 - 88½ 86½- 88 84 - 87 71 - 78 60 - 62 68 - 75½ 73¾- 74' Imp. M., g., 193S..... 5 85¼- 88 86½- 88 87 - 87½ - ....... - ••.. 70 - 70 70 - 70½ .•.. 15 - 35 43 - 45 45 - 46¼ 56 - 50 Detroit Gas, 1918 .... . ~ .... 85 - 86¼ 85 - 85½ .... 85 -86!14 .... 22 - 24 23 - 28 24¾- 27¾ 25½- 2-cJ 20 -22 Det. M, & lll.-L. ar .. .. 3¼ 38 - 40 39¼- {-0 38½- 39!( 38 25 - 34¼ 20 - 25 22 -25 • Ex-interest. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis RAILROAD BOND 1893-{;ontinued. BONDS. _ _ _ _ _ _ ,_ _ _ _ _ JANUARY FEBR'RY. MARCH . APRIL. XAT. JUNE. JULY. AUGUST. SEPT'BER. 0CTOBI!;H . NOV'BER. DEC'BER. L __o_w_._H_lg_h Low.High ~w.High Low.High Low.High Low.High Low.High Low.High Low.High Low.High Low.High Low.High 1 Det.B.C.&Alp.-lst .. 6 65 - 74 Duluth & I. R.-tst ... ~ ... - .... 100 -101¾ 99½-100¾ 98 -100 Dul.!-!.S.&Atl.-1937.a 97 -100¼ 100%-102½ 100 -102½ 101½-103 99½-102 98 - 98½ 90 - 97½ 90 - 92 E. Ir. C..as-lst, 1942 .:5 ... . - . . .. .. . . - . . . . 92½- 93¼ 91 - 94 89 - 91 89 - 89¾ 85 - 86¾ 85½- 86½ £. Tenn. Va. & Ga.1st .....••......... ........ , 108 -108½ 108½-108¾ 107½-107½ 107½-109 107½-107½ 107 -108 - .... 102 -102 Divisional .... . .. ...... ~ . .. - .. . · /· ... - . . . . 99½- 99½ 102 -102 103 -103 .... - . . . Consol., 1st, 19:56 .. .. :5 flO¾ · 92½ 90½- 93½ 92 - 93½' 93½- 94 90 - 92 89 - 92½ Si - 91½ 83 - 85¾ 18t ext. g. 1937 . ... .. a 53 - 54½ 60 - 62 .... - . . . . 40½- 40½ .... - . . . 32 - 32 Equip. & lmpt •• g . .. . ;; . . .. - .. .. 72½- 72½ . . . . Knox. & O.-l st, g ... 6 100 -100¾ 102½-104½ 100 -100¼ 101½-102¼ 100 -101 101 -101 97¾- 98 92½- 94 Alabama Cent.-lst.ti 100 -100 - ... . ... . _ iEdlsonE. Ill .Co,-lst.~ 112 -121 120 -127¼ 117 -122¼ 120 -123¾ 110½-117 106 -111 99 -107 90½-100 Eltz. Lex. &Big. S .... 6 96¾- 99¾ 99 -101 97 - 99¾ 97½- 99¾ 94 - 977/4 93 - 95½ 90 - 93¼ 89 - 91 Equit. Gns. & F.-lst .6 100 -101½ 101 -101 99- 100 99 - 99½ 98 -100 - ... . 83 - 91 Equit.Gn.sN ,Y,-1932.5 . . .. - ... . .... - . . ...... - .... 110 -110 110 -110 l<.rte & l'lltsb.-con .. 7 .... - . ... .... - 60 95 91 86¾105 101 88 37 60 97 93 87 - ... . 95 - 96 96 - 99 87 - 87½ .... - . . . . 96½- 96¼ 97½-103 87½- 88 57½- 57½ . . .. - . . .. 101½-102 89¾- 90¾ -108 108 -108 .... -101 105 -105 ... . - 89½ so - 89½ so - 9<·½ 88½- 92 - 38½ . .. . 98 - 98 97½-106 88 - 93½ .... ... . - 98 - 98 . .. . - .... 101 -101 102½-106½ 103 -104¾ 102¾-105 91¾- 95 96 -100 98 - 99¼ 91 - 92½ 93 - 95 95¼- 95¼ 105 -105¼ 105¼-106 106 -107¾ .1 • . Erte- ht, Ext., 1 891' .... .... 7 113½-113½ 112½-115¼ lll½-112½ lll½-112¾ ... - .... 107 -107½ 111 -113¾ .... - •... 108 -108 109 -111 108 - 108 10$¾-108¾ 2d, Ext., 1919 . .. ... . .. ~ .... - .... 115¼-115¼ 112 -112 112¼-112¼ lll½-112 111½-lll½ .... - . ... 106 -107¼ 109 -109 107¼ 10;¼ 3d, Ext., 1923 . .. .... 4½ . ... - .... 108¼-108¼ . . .. - ... .. . . . - . .. . 104½-104½ .... - .. . . 103 -103 - . .. . 105 -105½ 4th, Ext., 1920 ....... :5 .... - .... .. . . - .. . . . . . - .... 109 -109½ 110 -110 109 -109¾ .... - . . . . 110 -110 108 -108 - .... 109¾-109J.! :ith, Ext., 19~8 . ... .. . 4 . . . - .. ... . . - .... 101 -101½ . . . . ht, consol., gold ...... 1 137 -139Xi 138)4-139½ 134 -135 132¾-134'¼ 132 -134 12 -132 129½-130½ 120¾-121½ 123 -129 126:1:{-127 126 -130 133 -133¼ Lona- Dock, 1893 ..... , 101 -101!14 101¾-101'¼ 101¾-102 102¼-102¾ 102½-102¾ .".. . Cons. gold, 193.\'i .. . 6122 -122 125 -125 I···· - ...... - .... 122 -123 .... - ... 119 -121 122 -122 Buff. N. Y.&E.-Jst .7 134½-134½ ..• . - .... 132¾-132¾ ... . - ........ - ... . 128¼-128¼ .... - ... . 1% -125 N. Y. L. El'ie & \Vest,I 2d con ol. .. ..... . . .. ... . ti 101½-104 99 -105 93 -101 95 - 98¾ 93½- 98 88½- 91 53 - 91 60¾- 75¾ 67½- 76 67 - 74 67 - 76 74 - 78½ Colln.t, u·u t , 1922 .. 6 .... - ... . . .. . - ... 100 -100 Fund. coup .. 1969 ~ 88 - 90 89 - 91¾ . .. . - ...... . . - ... ·I 60 - 75 Jefferson RR.-lst it.Ii . . . . - ... . 103 -105 102 -102 101 -101½ 101½-101½ 100 -101 90 - 97¾ 100 -100 . . . . Chic. & E., 1st, a- .. 4-li 101¾-103 103 -103½ 100¼-103 100¾-102 95 - 99 92 - 93 91½- 91½ 97 - 98 95 - 99 87 - 96 87 - 90 92 - 94 Income, 1982 . . .... . .. . 41½- 44¾ 37 - 43¾ 36 - 41 30 - 34 33 - 38 38¾- 41¾ 35 - 39¾ 35 - 36 20 - 35 23 - 28 30 - 30 Ev.&lnd'p,con.,1926.6 .... 109 -109 110 -110 Ev. & Rich,-ht, '31 . 1) 100 -100 99½-100 95 - 96 95 - 98½ 95 - 95 95 - 97 93 - 93 .... Evansv. & T. Hn.ute- .... 116 -119 120 -120 11$¾-118¾ .... - .. . 111 -114½ 114½-115 115 -116¾ 118 -118 Consol. ........... ...... . 6 120 -122 - . . .. 100 -100 95 - 95 1st. !fen., 1942 ........ .\'i . . .. - ... . 110 -110 llh. \'e1·1aon-lst . ..... . 6 117 -117 118 -118 ..•• Flint & Pere Ma.-q.-, Mortlfn.ge .. ........... .. . 6 .... , ... 116 -116 116 -117 116½-116½ - .... 121 -121 - . ... 116 -116 114 -114 111 -111 - .... 97-97 1st cons., g., 1939 ... 6 99½-100 . ... - .... 99 - 99½ 98 - 98 94½- 96 - .... 93¾- 93'¼ .. .. Pt. Hur. Div,, 1st . ... 1) 97 - 98 97½- 977/4 97 - 97 93 - 94¼ 92 - 94 94 - 95 92¾- 92¼ 91 - 94 94 - 95 96 - 97½ .... Fl.C. & P.-lst, 1918.:i .... - ........ 97 - 97 .... Ft. W .& Denv.C.-lst .6 98 -100¾ 98 -100¾ 98¼- 98'¼ P9 -101 99 -100½ 92 - 97 67 - 92 66 - 75 74 - 87 70 - 80 61¾- 73 66 - 75 'Ft. W. & Rio G.-lst ..:5 66½- 67½ fl6 - 66¾ 65¾- d5¾ 65¾- 65¾ 64 - 65¾ 64 - 64¾ 61%- 62 60 - 62¼ 60¾- 61 60 - 60¾ 60½- 60¾ 60¾- 60½ Galv. H. & H. of'~2.. ~ 70 - 71 71 - 72 .... 62½- 64 Go.Iv. Bar. & Snn An.- • . . . 85 - 95 100 -102 1st, 1910 ... .... .... . .. .6 90 - 93 - . ... 107½-107½ . ... 95 - 95 ~d, 1905... .. ... . . ... 1103 -103 102½-102½ 103 -103 103 -103 102 -102 93 - 95 99 -100 Weatern Div-lat . . . :5 96¾- 97½ 97 - 97¾ 97 - 97 .... - .... . ... M. & p, Div,, 1st . .. . ~ . .. - . . ...... - .... 96¾- 96¾ 96 - 97 94 - 95¾ 94 - 94½ 94 - 94¾ 92¾- 94 93 - 93½ 90½- 91¾ 90 - 90¾ 90 - 90¾ Gen.Elec.-Deb.,1922.:i 100¾-101 97¾-101 93¾- 99¾ 97½-100 82 - 96 82½- 86¼ 60 - 83 62½- 72 67½- 80 71½- 81 71 - 80½ 70 - 75½ Ga. So. & Fln..-lar, If .ti 77 - 77 82 - 82 .... 80¾- O¾ .... 75 - 75 Ga. Car. A: N.-lst .... -~ 97 - 9 ¾ . ... Gr. Rnp.& lnd.-Gen.5 75 - 75 Gr. Bay Win. & St. P.lat, tis, tr. receipts ... 104 -109 106 -106 2d inc., all subs. paid . 37¾- 39¾ 35 - 38 28 - 32½ 32½- 32½ 20 - 25 20 - 22 16½- 18 15 - 16½ 17 - 24 24 - 25 20 - 20 .. Han. & St. Jo.-Cons . ti 116½-116½ 116½-117¾ 113¾-115 114 -115¼ 114 -115 lU -114¼ 110 · -112 108 -110 109½-112 110½-114 115 -116¼ 117 -117¼ Henders'n R'dge-1,.t .ti •··· - ... 110¾- 110¾ ... . Housat'c-Con.,1937 .. .\'i 114~-114¾ 114½-115 L15 -115 115 -115 .... - . ... 112 -113 ... . - .... 112 -112 Hoos. & Tex. Cent., 1 1st, gold, t 937 ... . 5 106 -108¾ 107 -108½ 104¾-107½ 105¾-107 107 -107¾ 106½-107¾ 100 -103½ 99 -100 100 -103 103½-104¼ 105 - 105 106 -109 - .... 100 -100¼ 100 -100 102½-104 Consol., a-old, 1912 .. ti 106 -106 107 -107 .... - . .. . 103 -103¼ 103 -105½ 101 -103 General, a-old, 1921.4 67 - 70 67 - 70 64¼- 68 66 - 67 63¾- 66¾ 63 - 65½ 62¾- 63 60½- 60~ • • - • • • • 58¼ - 63 62½- 66 59 - 60 Debenttue, 189'1 ..... 6 .... - . . . . 95 - 95 . ... 82 - 82 Debentu1·e, JS97 .. ... 4 ... - .... 82½- 82½ .... 80 - 80 80 - 80 llllnois CentralGold, 195U .... . .. .. :3½ 92½- 93¾ .... 94 - 97¼ 94 - 94 - . • . . 93½- 93½ .... 97¼- 98 1st lfO)d, 1951 ... ... .. 4 103 -104 105 -106 106 -100 . 109½-109½ 107¾-109 - .... 104 -104 .•.. - .... 100)4-100¾ 100½-105¾ 101 - 101 Gold, 1952 .. ....... .... 4 100½-102 102 -102 103¾-105 .... - . ... 103 -103 lOO!J;!-101 100¾-100½ 99½-100 _100¼-100½ 100 -100 .. .. - .. .. 99 - 99¾ Cairo B1·idge, 1950.4 . ... - ....... - .... 101 -101 .... Sprina-f. Div., 19.l8.6 .... - . .. . . .. - ........ - .. . 105¾-105¼ 105¾-106 . .•. C.St.L.&N.O.-lst,c,1 .. .. - .... 111½-111½ 111¾-111¾ lll¾-111¾ ... . - .... 103 -106 - . . . . . .. - . . .. 107 - 107 .. .• Gold, coup ............ ,\'i 115¼-116½ 117½-117¾ 119 -119¼ 117 -117 116½-117 113½-117 .• .. - .... 112 -112 112 -113¼ 113½-113½ 113½-114½ 111¾-114 Memp. Div., lst,a-.,4 96 - 97 97½- 97¾ 100 -100 99 -100 - . . . . 94 - 94 95¼- 95½ .... Dub. & S. C., :ld div .1 ... - .... 101 -102½ .... 101½-101¾ 100 -100 . . .. Cedar F. & M.,lst .. . 1 95 - 95 .... - .... 98 - 98 72-72 .... - . . . . 78½- 78½ . . . . Ill. Steel-Deb., 1910.li ··· . 77 - 77 ...• - .. . 75 - 75 ... Ind. Ill. & Jowa-lst .. 4 . .. 82 - 82 - . . . . 112 Ind. D. & Spr.-lst,t .7 124 -127 ...• - . ... 124}(-124¾ .. .. - . . .. 124 -124 Trust receipts .. . : .. . . . 124 -127½ 125 -129½ 122 -123 - .... 124½-124½ 124 -124¾ . . . . I. D.& W .-g., 5s, t.rec. . .. - .... 108 -108 109 -115 .... lntern'l & Gt. Not•th'n1st ... .................... .6 .... - . ... 134 -134 Coupon off... .......... 109 -111¾ 111 -112 lll¾-112 112 -113 107 -109 106 -108½ 100 -106 101 -101¾ 105 -111¾ 110 -112 109 -111 109¾-111¾ 62½- 68 64 - 66 2d, 1909 . ...... .. . .4½•:i 68 - 72 71 - 72¾ 68½- 70¾ 67 - 70 63½- 66 63 - 67 50 - 63'¼ 54.¾- 59¾ ... . 60 - 60 25 - 30 3d, HJ~l. ... ........... 4 82 - 36 35 - 37 .... - . . . . ... 22 - 22 84 - 90 85½- 88½ Iowa Cent.-lst, gold .. 5 87½- 89 88 - 90 86¾- 87¾ 85 - 87¼ 81½- 85 76 - 78 73 - 77 73 - 75 75 - 81 80 - 83 73 - 751}:( 75~- 75¾ Kan. & Mich,- 1 990 .. 4 78 - 78 78½- 79'¼ 77¼- 79 78 - 78½ ••.• - . • • . 74 - 75 72¼- 73 70 - 71 68½- 71 Kentucky C., 1987 ..... 4 84 - 85¼ 85½- 86 85 - 86¾ 86 - 87 85½- 87 85 - 86 83 - 83¼ 80 - 80 82 - 82 81 - 82 Kings Co. El.-1 st, A .5 99½-102¾ 102½-103½ 103 -103½ 101 -103½ 101½-103 100½-102½ 102½-102½ 90 - 93 89 - 90 82 - 90 81 - 82½ 82 - 87 Fulton ~I., 1st, lfUat·.~ 94¾- 95 95¼- 97 89 - 95 89¼- 91 92½- 92½ 90 - 90 Lacl,Gn.s,St.L.-lst,g ..\'i 84¾- 87¾ 85 - 86½ 83 - 85½ . 84½- 85 80 - 83 77 - 80 71 - 79 •70 - 73 73 - 79¼ 76 - 83 81¼- 84½ 80 - 85 Lake El'le & W.-lst .. ,\'i 1081,(-112 112¾-113 110½-111 1110 -112½ 112 -113 111½-113 109½-112 106~-107 107½-110 108 -109¼ 109¾-112 lll½-113 2d ... ...... ~ .. ....... ... . 5 101 - 102 101¾-103 103 -103 104½-104½ 101 -103½ 100 -101 98 -100 95 - 97 95 - 96 95 - 98 99 - 101 101 -101 L. Shore & Mich. So.- ........ - ... . 109 -111¾ 114 - 114 - . .. . 112 -114 112 -112 Dividend ......... . .. .... 7 . . . . - .... 118 -118 - •... 106½-106½ 109 -112 . . . . - . . . . 110 -110 110½-110¼ 115 -115 110 -110 Buff. & Erie-Nt,w .... 7 115 · 115½ .... .... 120"-121½ . . . . Det. Mon. & Toi. ... . . 7 .... - .... 122½-122½ .. .• tat con., coup ..... ..... , 118 -119 11$½-118½ 119 -119 119 -119 118½-118¾ 117 -117 113 -113¾ 118 -115 115 -117 116¼-117½ 117½-121 120¾ -121¼ .. . . 117 -118 1st con .. l"f'tr • . ... . . . . · · " 117¼-llR¼ 117 -11Rl,g 116¼-llR½ 116 -116¾ 115 -116½ *112½-115 114'¼-117 112 · 113¾ 114½-115½ 115 -116}4 • Kx-!nterest t Jllx unded c1Jupons. *Coupon ou, https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis ·I ·.. - ....... - .... ••·· - .... 68 RAILROAD BONDS. 1~93-Coutinucd. ,JANUARY 1.<EBR'RY. BOJSD8. --------1 MARCH. APRI~ MAY. _:,UN~ __±UL1'.::._ AUGUST. SEPT'BER. OCTOBER. NOV'BER. [} C'BER. Low.High Low.High Low.Blgb Low.High Low.High Low.High Low.High Low.High Low.High Low.High Low.High Low.High L. Sh. & M. So.- (Con,.2d con., coup .......... 7 121½-122½ 121)4-122½ 121 -122½ 121½-121½ 1:tl½-121½ *118 -118½ 115 -117 114 -115½ 117 -122 121 -123¾ 120 -123¾ 120¾-122 2d con., reg .. .... ...... 7 120¾-121¾ 121 -121½ 121 -121¾ 121½-122 121½-121½ 116 -lli¾ 115 -117¼ lU -115 117 -119 119 -121¾ 120½ -rnl 121½·121~ - ........ - .... 101 -105 101½-101½ . . . . - .. · · 111¾-111?3, Mabon.Coal lst,'34.ii 109 -110 109¾-110 108 -108 109 -109 .... - .... ... . 96 - 97 97¼- 97¾ 99 -100 96 - 98¾ 95½- 95¼ 95 - 95 Leh.V.,N.Y.-lstgu .,r.4¾ 103 -104 102 -105¾ 100 -101¾ 101%-102¼ 103 -103 102 -102 - .... 1( 0 -100 101 -101¾ 100 -100 106¾· 107 105¾ 107 Lelt. V.Ter.lst,1941 .. ii 112 -113 110¾-110½ 109 -110 108 -108 107½-108 107 -107 L. Carr. & W.-lst, a.1; . .. 95 - 95 .... 30 - 34 - .... 30-32 L. R.&:Mem. • st,1937.ii .. .. .. .. - .. .. 42¾- 50 44½- 45 35 - 40 35 - 37 30 - 32 37 - 3& Long lsland110½-110½ .. .. - .... 110 -110 - .... 109 -109 .. .. .. .. - .... 113¾·113½ .. .. lst, 1898 .. ........ ..... 7 .. .. 108 -113 .... 113½· 115 116 -116 lll½•l12 111 -112 - ·.. 112½-114 1st. cousol, 1931 .. ... ii 114 -114 113½-116½ 116¾-116½ ... . 98 - 99 96½- 96½ .. .. - .. ··98-98 Fel'l'y. 1st, 1922 . .. 4½ 97 - 97 90 92¼ 90¾92¼ 90 94 9! 95 93 94 95-97 96-98 96 94½95 94 - 95 9! - 94¾ 94 - 95 Gen. mo1·t., 193~.... 4 95 - .... 100 -100 .. .. .... 100 -100 100 -100 .... N Y. & R. B., 1st, ii.5 .. . .. .. 35 - 35 .... 2d income, 19:l'7 .... ~ .. .. - .... 97 - 97 N . \'. ll. & Ill. B., 1st.ii 104 -104 N.Sh. Hr •• hf, 1932.~ 106¼-106% .... .. .. 104 -105 .... Lonisv. Ev. & ~. L.-60 - 67½ ~o _ er. f on sol., 1st.... .. .. ~ 81 - 84 83},(- 85 82¾· 83½ 81½- 83 78 - 79 77 - 80 70 - 72¾ 70 - 70 68 - 68 .... 40 - 40 General, 1943 ... . .... 3 .... Louini le &Nashv.Consolidated. .. ..... ? lll¾-113 111:}.(-112½ 112¾-112¾ 109 -109½ 108½-109 108 -108¼ .... - .... 106 -107 108½-110 107½·108 108 -109 109¾ 110¼ Cecilian Branch ...... ? lu7¼-l0'1 ½ 108 -109 112½-112½ 107½-107¾ 106 -106 103 -103½ .... - . ... 103 -103 100 -101 N. O. & lllob-lst .... . 6 119 -120 .... - .... 121 -122 123 -123¼ U9 -119 119 -119¾ 116½-117¼ 110 -117¼ 117 -117 114 -117 117½-117½ 119 -119¾ 2d .. ................... .. 6 .... - ... . 110 -110 .... - .... 108 -108 10a -108¾ 100 -103 100 -100 100 -100 E. H. & Nash.-lst . . -6 114 -lH 112 -112 - .... 112½-113 110 -110 . . - . .. . .... - .... 110 -110 112 -113 General mort ... ..... .. 6 117 -117¼ 117¼-118 117¼-117~ 119 -11~ 116½-118 115 -115¾ 107 -112 107½-112¾ .... - . ... 112¾-113 114.¾-116 110 -113 Pensacola Div . .... .. . ti 109 -109 1110 -110 . .. . - .... 105 -105 .... - .. .. 106 -106 .... - .. • 104 -104 St.L,Div., 1st, 1921.6 119 -119 .... - .... . ... - .... 118 -118 - .... 117½-117½ .. . St. L. Div,, 2d 1980.3 .... - . . .. 61 - 661/. .... - .... 64 - 64 63½- 63½ .... Nash. & Decatur...... ? 110¾-111 112 -112 - ... 112 -112 112¼-112½ .... - .... 110 -110 Pensac. & Atl,- ht .. 6 103 -104¾ 101¾-105 100¾-101¾ 102 -102 10074-101 100- 100 102 -102½ .... - .... 100 -100 -·--·94-96¼ Ten-to1·ty, 1924, g ... 6 . .. - .. .. . .. - ... - .... 100¼-100½ 104¾-105 50-year, gold, 193'7.5 102½-104¼ .... - .... .... - ... . 104 -106½ .... - .... 100 -101 101 -101 98 - 98 100 -105 102¾·1021¼ *99¾ 100 99¾- 99¾ Unified, gold, 1940 .. 4 80¼- 83¾ 82¼- e3½ 82¼- 83 83 - 83¾ 82 - 83¼ 81 - 82 75 - 80 75 - 77¾ 77 - 78 72½- 77 77 - 78½ 75 _ 73~ Registe1·ed.. ... .. .. .. 83 - 83 99½-100 95 - 95 99 - 99 109½-109½ 100 -100 Col. trust, g .• 1931 .. . ~ 102 -104 ~ 104¾-107½ 107¾-108½ 107 -107½ .... 98½- 98¾ 95¼- 95½ .... - .... 95-95 98 - 98 Nash.Fl.&S.,lst,gu.~ .... - ... . 99¾-101 So.& No.Ala.con.go.;} 95 - 9! ¾ .. - ... 99½-100 Lou. New Alb. & Chic.1st............ . . .. .... .. 6 111 -111 109 -110½ 108 -110 108 -109 109~-110¼ 108 -109 105 -105½ .. .. - .... 100 -105 103 -103 Con., gold, 1916 ...... ti 105 .:109 106¾-110 103 -107 102 -104 100 -101¾ 98 - 99¾ 95 - 98½ 82½- 95 92¼- 97½ 91 - 100 97 -101 95 -101¼ General, g., 1 940 .... .') 74 - 79¾ 76 - 79¾ 74 - 77 76¾- 78 68 - 71 69½- 69½ 68 - 69 59~- 60 60 - 68½ 63 - 73¼ *66½- 70¼ 6(1 _ 71~ Lon is. N. O. &: T.-tst.4 95¼- 95¼ .... - ........ Louisv. ~t. L. & Tex.58 - 62 1st, gold, 1917 ........ ti 94½- 98¾ 93¼· 95 91 - 93% 91 - 92¾ 90 - 90 86 - 88 77 - 80 60 - 60 1st con., aold, 1942.5 .... - ... . 82¾- 82¼ 82 - 82¼ 81¼- 82¾ 7~ - 80½ 78 - 79 78 - 78 Manbat., cons . , 1990.4 98 - 98 .... - .... 95 - 97 95½- 95½ 93½- 94½ .... 93¼- 93¼ .... - .... 92½- 93 90½- 93 91 - 93½ 9:J¾ lllern.& Chas.-Gold ... ti 90 - 90 .... - ........ Metropolitan El.-lst .. 6 116 -117¼ 117¼-118½ 117¼-118)4 117¼-117¾ 116 -117½ 116½-117 111 -115 108½-113 113 -115 lH½-118 118¼-1111½ i19 -122¼ 'ld, l S99.. 6 106½-108 107 -108½ 107 -108 107½-108 104 -105 103 -104¼ 100 -104¾ 100 -103 103½-106½ 105¾-107½ *104½·07¾ 107)4-108 - .... 69¾- 70 Mex.lnt.-1 t.1942 .. 4 .... 69}2- 70¾ 69½-_71 69¼- 70¾ 70 - 71 70 - 70¾ lUexicau Natioual11H, 19~7 ... .. ... .. .... ti .... 70½- 70¼ 70 - 70¼ - .... 99 -100 .... 2d income "A" ........ 6 41¼· 45¾ .... 2d income, "B." ...... ti 9 - 9 Michill'an Centralist, consol ............ 7 119¼-121 120¾-121 120½-121 121 -122½ 117½-119¼ 115 -118½ 114 -116¼ 113 -114¾ 117½-120¾ 120¾-123¼ •120 -121 120%-121¼ 1st, consol .......... ;} 106½-106½ 106½-luO¾ .... - ... 106½-106¾ 104½-104½ 105½-105½ 100)4-103 1100 -101 102½-102¼, Coupon, 1931. ....... .. :5 113 -113 114 -114 112½-113¾ 11:?½-112½ 112 -112½ .. . . - .... 105 -108 105 -106 110 -110 .... - .... 110 -110 Registered. .. .. . .. .. .. . - ........ - .. . .. . - ... . .... - ........ - ........ - .. ...... - .... 104 -106 105 -110½ 110½-111 110 -110 99 - 90 99 _ 9i} Mortiiawe, 1940 ... .. .4 98 - 98 .... - ... ... - .... 101 -101 .... - .... 100 -100 93 - 93 Registered.. .... ....... . . .. - . . . . .. .. - .. . ll~ - 98 .. - .. .. .. .. - .. .. . .. . - . .. .. .. - .. .. . .. . Mich. Penio. Cai· Co . . ;} 102¾-102% 101 -102 100 -100 lllil.L. Slt.&West.- .... 1.... - .... ·93 _ I·.. . i!'~~-9d~et j' g()'1::::: .: 1~~¼=~~ !:¾=!:~ !:¼=~ 123 =1~~ .. ~: =!~~ .. ~~~½-124 Ext. & Imp., s. f ... .. .5 109 -109 106¾-107½ 104 -106 105 -106)4 105 -106 105 -106½ Income ... ............. .. fi .. .. - ... .. .. - .... 105 -105 - .... 100 -100 Michigan Div., 1st ... 6 121¾-123 122 -125¾ 123 -123 123 -124 - .. .. 123 -123 Ashland Div., 1st .... ti - .. 121½-121¾ .... - .... MU. & No.-lst, 1910 .ti 112 -113¾ 115 -115 113¾-114¾ 114½-114¼ 111½-lll½ 105¼-110 1st, onexten.,1913 .. ti 112¼-113 113 -115 114)4-115 114 -114½ 1.11½-111% 110 -110 -120 115 102 -105 I 118 -118 121 -125 122 -125 97½-100 104 -104 104 -104 .... - .... 114 -116 101 -101 106½-106½ 103 -104 109 -109 105 -107 I.... Mlnneap. & St. Loulslst.......... ... .. ...... ? 128 -130 115 -115 115 -115 .... - .... 106 -106½ 106½-106).ji .... - .. .. Iowa Extension ...... 7 135 -136 - .... 127½-128 - .. .. 95 - 95 .... - .... 2dmort .. 189t ........ 7 .... - .. .. 112 -112 - .... 115 -115 110 -110 - .. .. Pacific Exr., lst ...... 6 . .. 104 -104 - .... 102 -102½ 100 -102½ 99 -100 96 - 96 Imp. & equip., 1922.ti 111 -113 115 -116 112½-114 115 -116 110 -US .... - ... 100 -100 - .... Missouri Pacific1st consol. ..... ......... . 6 112 -112 112 -112¾ 112½-113 111,4-112½ 105 -106¾ 101 -104 104 -104 98 - 98 3d, 1906 . . ............. 7 ll4¾-115 - .. .. . .. - .... 115 -115¼ 108 -108 105 -108 105 -105½ 100 -100 Trust gold, 191? ..... :; 91¾- 94 94 - 94 92½- 93¾ 91 - 92½ 91¾ - 92¼ . . . . 1st, col., gold, 19·l0.5 82 - 8! 81 - 83¾ 80½- 80¼ .. .. - .. .. 70 - 78½ 72 - 74¾ .. . .Pac. of Mo.-lst, ext .. 4 101 -102 100 -100¼ 100 -100¼ 98¼- 90¾ 98½- 99 98¾- 98¾ 98 - 98½ 93 - 96 2d, 1S91, extend .... :; 106½-108¾ 108 -108¾ .. .. - .... 107 -107½ 106½-107½ 104 -107½ 103 -104½ .... - .... Mo. K. & E.-lst, '42.a .... - ........ - ........ - .. ...... - ........ Mo. Kansas & Texaslst, gold, 1990 ........ 4 79½- 81¾ 81¼- 82½ 81¼- 82 81¼- 82¾ 79 - 82)4 76 - 79¾ 70½- 78¼ 69 - 75 2d, Income, 1990 ..... 4 48¼- 50½ 45¾- 47½ 44¾- 46 44½- 47 40¾- 45 39 - 44 27½- 40¾ 31¾· 38 K. C. & P.,lst, 1990.4 73 - 75 73 - 73)4 73¾- 73¼ 74 - 74 65 - 70 .... Dal.& W., lst,1940.:; 86 - 87¾ 86¾- 37¾ 87 - 88¾ .... - ...... .. . Tebo & Neo8ho, 1st ... .. .. - .. ...... - ....... - .... 103 -103 ... ll'lobile & Ohio-New .. ti 115 -115 .... - .... 114%-115 114¾-115¾ 113 -115 109 -111 .... - .... 109 -109½ Gen. lU., 1938 ........ .4 60¾- ti3 60¾- 62¼ 57½- 58¾ 58½- 61½ 55 - 59 55 - 56 44 - 56 44 - 50 lUorgan'sL.&T.-lst .. ti 111 -llii 115½-111½ .... l!!-t, 1918............... 7 127 -12S 12 ½·128½ .... 1Uutual Un. T.·-S. F .. ti 112½·113 - .... 106 -106 105 -106¼ .... - . ... 102 -102 Nashv. Chat. & St. L.tst ....... .................. 7 12-5 -130 l:.16 -130 12fl½-127½ 125 -126½ 125 -.L26 124!,g-126 120 -121½ 117 -122 2d, 1901 ................ ti .. .. LOS -108 Consol. g., 1928 ...... :; W3 -103h, LO! -105 103 -105 103 -103½ 101½-103¼ 102 -103½ 102 -102½ 103 -103 Nat. "'"tarch Mfir.-lsr.fl 104 -105 L\l2 -104¼ 102 -102 102 -104¼ .... - .... 88 - 95 92 - 92 .... - .... N..:..Q• & N. E.- Pr. l'n .. ti .... - .. .. J . . . . - . . . . . . . . - . . . . , . . . . • .Ex-intere~t. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis ! .. . 123 -124 105 -105 104½-106 124½-127 103 -103 lOo¼-108¼ - .... 114½-120 121¼-122¼ i24 -125.• -124 107 112½-113¼ 105 -106¾ 109 -111¼ 112 -115¾ 112¼-113 - ........ - •....... - .... 122 -110 109½ 109½ 112½-115% 110 -110 110 -110 97 -100 110 100 .... - .... 103' 100 -100 107 - ... . 115 -115 120 -125-110 106 -106· -100¾ ... 115 -115 -103 - .... 106½·106¼ -107 109 -112 113 -116 87 - 87 90 - ll7 104)4-104}:j'. l03 -103 94½- 97 105¼-105¼ 96 - 96 93 - 95 95 -101 104½-104½ .... - .... 103 -103 83-85 95 - 98 l03¼-103!Ji 82-83¼ 99½-100 103 -103 73)4- 78 75 - 79¼ 78¾- 83 77¼- 82¼ 37 - 41¾ 37¾- 45 43¼- 47½ 43¼- 47¼ 66 - 66 69½- 72'-( 70 - 72 108 -108 109 -113 111¼-113¾ 112 -112 48½- 51½ 50 - 55½ 55¼- 60 58½- 63¼ .. - .... 113 -113 - · .. · 123 -123 103½-103½ .... - .... 107 -107½ 109 -109 119 -124¼ 122 -125 92 - 92 125 -127¼ 129,4-130 - .... l<>q - 10'~¼ 101 -101¼ 89 - 89 188 - 88 . . . . 115 -115 90 - 93 RAILROAD BO DS. tJQ 1893-C:ontinued. BONDS. 'JANUARY FEBR'RY. MARCH. .APRI~ _MAY..:._ JUNE. . JULY. AUGUST. 3EPT'BER. OCTOBER. NOV'BER. DEC'BER. :::..ow.Htirh Low.Hiirh T..ow.Hlith Low.High Low.High Low.Hiirb Low.High Low.High Low.High Low.High L0w.Hlgh ~~;il!'h -- - - - - - - - ---- - - - · - - - - - -· ---- New York CentralExteosion ... . ... . ...... ~ 101 -101½ 102 -102¾ 102½-103¾ 102¾-10~ ... - . . . . . . . . - . . . . . . . . - .... 106½ 106½ . . . . _ .... Registered ............... - ... . .... - ........ - ... 102%-102¾ .... N.Y. C.& H.-lst,cp .. '7 121¾-123¾ 123 -124 122½-124 123¾-123¾ 122 -123 121¾-123 lh -120 116 -119½ 119¾ -122 120¾·123¼ 123 -125½ 125½ 1st,-reg ...... ... . ...... ,- 121½-122½ 123 -123 123¾-124 .... - . ... . ... .... - ... 117¾-117¾ 114 -117½ 1118 -120 118 -122½ 12-1½-124½ 122½-125 Deb., 1884-1004 .. . ~ 107¼-108½ 107¾-108½ 106 -107 107½-107½ 107 -107¾ 106 -107 104 -105 101 -104½ 1102 -104 103½-106 106½-107½ 107 -107 Re&'istered ........ . ~ . .. . - .... 108¾-108¾ 105¾-106¾ 106½-107 107 -107 106½-106½ 104½-10-!~ 103 -103 101 -103 104 -106 105 -106¾ ... . Deb.reg.,'89·1904-.5 .... - .. ...... - ........ - .... 106 -106 - .... 106¾-106¾ .... - .... 106¾ 106¾ .. . nebt certs,, ext., g.4 .... - .... 102½-102¾ 102¾-103 10298-102¾ 99 -100½ 99 -100½ 99 - 99 97 -100 99 -100½ 101 -101 100 ·101¼ 101 -101¾ R.el.!istered........... ... - .... 99 - 99 - .... 98 - 99 100 -100½ N . .J. June., 1st, gu .. 4 .... - .... 99½- 99½ .... Deb.,&',, '90-1905.4 .... - . . .. 1023,s-102½1 ... - .... 102¾-103¼ .... _ ... . .... _ Harlem-1st, ccup .... 7 118 -119½ 120 -120¼ .... 115 -117½ 118½-119 118½-118¾ 114 -114¼ 115½-119 117 -117 llt,7-{-117¾ ... 1st. reg .............. ,- 119 -119 119 -119½ 118½-118½ 118½-119 115 -116½ 118 -118 115 -115 114¼-115 .... - .... 116 -117 .... - •....... _ ...• Wt'st Shore, guai• . .4 101¼-102¼ 101¾-103¼ 100½-102¾ 99½-102 100 -101½ 99~-101½ .g4 - 99¾ 93½- 97½ 97½- 99 977,i--103% 102¾:-lO!l 103%-104¼ Registered ............ 4 1013,s-102¼ 101%-103 99½-101¾ 99¾-100½ 99 -101¾ *97¼-101 92¾- 99 92 - 95¾ 95 - 98 97¼-101¾ 101¼-103 100%-103 Os.& Rome,2d.1915.5 109 -109½ - .... 105½ ·105½ . ... - ... 101 -105 102 -102 100¾·100¼ .... Mohawk & Malone .. .. ... . 101 -101 ·N. Y. Chic. & St. L.lst . ....................... .4 97 - 97¾ 97¾- 99¼ 977~- 98¾ 95 - 96¼ 93 - 95¼; 92¾ · 95¼ 90 - 95 89¾- 93 92¾- 95 91¼- 96 95 - 97 97 _ 98 Reglst.ered..... . . . . . . 4 96 - 96 . . . . 90 - 91 89 - 92¾ .... N. Y. Elevated-1st ..... , 110¼-111½ 110 -111½ 110 -110½ 110½-110¾ UO -110¾ 109¾-110½ 105 -108 106 -108½ 108%-110 109¾-112 111 -113% 113 -113¾ N. Y.&N.E.-1st,1905.7 ... - .... 119¾-119½ ... - .. ,. 114½-114½ .... N. Y. N. H. & H,-1st.4 ... . - ....... - .... 104 -104 ·e·w York & Nortb'nlst, gold ................ ~ 104 -104 109 -109 .... 100½-100½ 10-1 -105 . . . . - .... 108½-108½ ... 2d, &'Old, 192'7 ... ..... . 4 71 - 81½ 75 - ';'5 77½- 84 80 - 84 51¾- 51½ .... Trast receipts........... 79 - 79 - . ....... - ........ 'N. Y. Ont. & West'n1st, gold ............... .5 106½-108½ 106¾-108½ 106½-lOd 106½-108 106¾-107 102 -104¾ 102 -103¾ 9i¾-103 102 -106 104¾-106 lOtl¼-109 106%-107¾ Ref., 1st, 1992 ........ 4 83¾- 85¾ 85 - 86½ 82 - 83½ 83½- 84¾ 82 - 84¼ 80 - 83 78¼- 81,1 76 - 80~ 78 - 81 80 - 83¼ 82¾- 8-1% 82¾- 85 'N. Y. Susq. & West'nRefunding .............. 5 105 -105¾ 106 -106¾ 106¾-107½ 106¾-107¼ 105 -107½ 103¾-105 98 -101J,f 99 -100 99 -104 102 -104¾ 105¼-106¼ 100 -106¼ 2d mort., 193'7 .... 4½ 88 - 92¾ 91¾- 92 91½- 91~ 92 - 92 - .... 90-00 90 - 90 90 - 90¾ Gen., gold, 1940 ...... ~ 96 -100 97 - 99 87½- 87½ 87½- 92 97 - 97 98 - 99 90 - 93½ 95½- 98 94¾- 98 9i½- 94¾ 90 - 94 95 - 95 Mldl'd of N. J., tst .. . ti 118 -118½ 118 -120 120¾-120¼ 117 -117 t 3¾-116 112½-114¼ 111 -111 ,07 -111 113 -113 112¾-113 113 -114 115%-116¾ - .... 101¼-103¾ 103¼ ·103¼ Te1·m,, 1st, 1943, g ..5 ... - ... . 98-96 .. . . - .... 95 - 95 - . . . 102 -102 "Nor. &So.-lst,1941.a .... 97 - 98 'No1•folk & Weste1·nGeneral. ....... ........ . ti 1233,s-124 124¾-124¾ 123 -123 120 -120 .... - ... . 118 -118 100 yr. mort., 1990.5 90 - 90 88 - 91½ 83¾- 8-1 83 - 83 81¾- 82 New River-1st ....... 6 117 -117 - · · · • 105¾ -105¼ ·Clinch Val., 1st& eq.5 . ... - .... 92½- 92½ .... - .. .. 88 - 89 Md. & W., 1st, 1941.~ 90 - 91 89 - 90 85 - 87 84½- 86 84½- B-1½ 83 - 8-1 80 - 80 orthern PacificGen. 1st, lanu grant.ti 115¾-117¼ 115¼-118 115%-117 116 -118 115 -117¼' 114 -117 107¾-113¼ 100 -110¾ 104¾-109 10!1 -1093,s 108½-110¾ 109½ -lil Registe1•ed . ......... . 6 114-%-117¾ 116½-118 115 -116½ 115½-117¼ 115 -116 111 -116¾ 105 -111¾ 97 -108¼ 100½-106 103 -105 108 -110 *106 -109½ Gen., I. gr., 2d, 1933 6 112½ ·t14 113¾-115 113 -113½ 111 -113¾ 109½-112 109 -110 106¾-109¼ 80 -101 88 - 90½ 85 - 91¾ l:!J7 - 90¾ S8 - 89¾ Registe1•t,d ..... ..... . 6 110 -111¾ 112 -112 - ........ - . . . . 87 - 87 85 - 87 85 - 85 Gen., gold, 3d, 193'7.6 106 -107 106 -108 1043,s-105¾ 107 -107½ 105 -107½ 98¾-102 60-81 69½- 70 71-72 65 - 69% 65 - 68 85 -100 Consol .. 1989 ......... :i 66¾- 72½ 67 - 72¾ 67 - 71 30 - 36 31½- 36 27¾- 35¾ 67¾- 72 58¼· 69 60 - 65 39¾- 61½ 24¾- 44% 30½- 38 Col. tr. note11. 1898 .. 6 - ........ 93 - 93 95 - 95 Div. scrip. extended ... 104 -104 .... ... . - .. .. 90 - 90 .... - .... 112 -112 103 -103 100 -106 105¾-109¾ uo -110 114.¼-114¾ St. Paul & No. Pac .. ti 117 -121 117¼-118½ 118 -118 118 -118 80 - 80 Spoknne & Pal. s. f..6 8614- 89¼ .. .. - .. •. 90 - 92 - . . . . 50 - 50 53 - 53 90 - 92½ 87 - 87 il)ul. & lllan., 1st ..... 6 98¾-100¾ 101 -101¾ 101 -101 101 -101 - . . . . 75 - 75 . . . . 56½- 56½ Dak. Div. 1st ...... 6 ... . - .. .. -··· - ···· .... 90 - 90 No. Pnc.Te1·.Co.,lst .6 100 -102 102 -104 102 -103½ 100 -101½ 103½-103¾ 97 - 97 93 - 95 82 - 82 95 - 98 52 - 52 50 - 60 N. P. & M.on., 1st, g .. 6 84 - 88½ 87¾- 89½ 83 - 83 50 - 50 47 - 48 30 - 48½ 80¾- 83 79¾- 80 50 - 68 Chic. & No. Pac., 1st .. 72½- 77½ 74¾- 80½ 74½- 78¾ 73½- 77 35¾- 54 39½- 48½ 39¾- 44½ 43 - 48½ 41¾- 48¾ 67½- 73 66 - 72 50 - 54 40 - 46 Si -5--1 Sea - L.S .& E., 1st ... 6 85 - 92¾ 89 - 90 50 - 60 85 - 86½ .. .. 82½- 82½ 79 - 81¾ 50 - 65 52 - 53 50 -M ........ 50 - 55 T1·nst receipts . ....... ... . Ohio Ind. & Western.Ind. B. & W., lst,pf.'7 113 -113 113 -113 112 -112 .( )11io & MississippiConsol. sink.1und .... 7 109¾-109¼ 109½-112 111 -111 110 -110 109 -109½ 108½-108½ .... - .... 103 -103 107¾-108 110 -110 109½·110 •Consol., 1898 .... .... . . 7 109 -109¼ 109½-110 110¾-110½ 110 -110½ 110½-110½ 107¼-109 ...• - •... 102 -10!1 105½-107 107%-107¾ 110 -110 ·2d, consol., 1911 ..... 7 .... - .... 118 -120½ .... 110 -110 - .... 113 -118 1st Sprina Div ...... 7 .... - ... . ... - ... . 111 111 .... '()hioRiver-lst ........ . 5 100½-100½ 101 -101 .... - .... 101 -101 85-85 .... Gen'l, 193'7, gold .... 5 ···· 99 -101¾ 100 -100¾ 98 -101 Ohio Southe1·n-lst. .. ti 107 -109 109 -109 107¾-109 108½-109 105¾'-106 105 -105 . . . . - . . . . 98½-101 93 - 96¼ 61½53¾ 63¾ 44¾60½50 62¾ 40 60½45½ 63 40 - 50 51½- 58½ 50 48 - 50 50 - 52 50 - 51 Gen., gold, 1921. ... . 4 63 - 64 60-62 .. .. Omaha & St. L.-1st .. 4 6fl - 68 36½- 36¼ 66 - 56 54 - 54 41 - 41 Ex funded coupon . ... 4 55 - 66 - •... 92-92 93½- 93½ . ... - •... 77-77 ·Or. & C.-1st R,,19'l'7 .5 •·· · Oregon R'y&Nav.99 -100¾ 101 · -104 11tt ........... ............ . 6 108 -110¾ . ... - .... 109%-112 110 -110½ 109½-110½ 108½-110¾ ... . 95 -102 102 -103 103 -105 - .... 60-64 Consol., 1925 . ........ ~ 88 - 91½ 90 - v2½ 90 - 91 80 - 81 65-69 92 - 92 88½- 90 86½- 88 .... 70 - 70 Collat. trust, 1919 .. 5 80 - 81 81 - 81 77 - 78½ 75 - 79 95 - 97¾ 89½- 9i Ore&'• Imp. Co.-1st .. .. 6 102 -103¾ 102½-105 102½-103¾ 103 -104¼ 100 -103¼ 96 - 99 92 - 96 90 - 96½ 95 -100 *PR - 99 Consol., gold, 1939 .. 5 61¾- 64 61½- 67 62 - 64¼ 59 - 62¾ 4.8¼- 58 46 - 52½ 38 - 48¾ 32 - 46½ 45 - 49½ 43 - 50¾ 49 - 55¾ 4ll - 5~ Pennsylvania Co.1st, coupon . . ........ . 4½ 106 -106½ 107½-107¾ 108¾-108¼ 109¼-110½ 107½-109¾ 108 -109 102 -106¾ 10;1¾-105 107 -108¼ 107 -108 107½-108½ 108¾-110 Regh,tered . ..... ... 4½ ... - .... 106½-106½ .... - . . .. 108 -108 108 -108½ .... - .... 102½-105 106 -106 105¾-105¾ 105 -106 :pttts.Ft.W.&C.-1st.,- 137 -137½ 136¾-137 135½-137 - .... 136 -136 135 -136 - .... 129 -129 - .... 132 -132 135 -135 2d., 1912...... . ...... 7 135 -135 135½-135½ 135½-135½ .. .. - ... 130¾-130½ ... 3d., 1912.............. 7 130¾-133 - .... 131 -131 - •... 127 -129½ . ... Penn. RR,, 1943, g .. 4 .... - ... • •·· - ••·· ••• - •· . . •· - ... . 102¾-103 Clev.& P.-Cons.s.fd.7 118½-119 ...• - •... 119 -120 - ... 116¼-117 - .... 115 -117 116 -116 .... - .... 117½-117½ ..•• Gen., 1942, ser. <\ .4½ .... - ... .... - . ... 109½-109½ ... - .... 107¼-107¼ 107¾-108}:{ 109 -109 St.L.V.&T.H.-lst.7107¼ ·108 108¾-109 108¾-109 108½-109¼108¼-109 108 -108 - ........ - .... 106 -106 108 -108 2d, guar., 1898 .. ... , 110 -110 110½-110½ 108¾-110 109:1(-109¾ .... - .... 105 -105 .. . . 99¾99½ 100¾-100½ 102 -102 . . . . Gr.R.& Ind., 1941.4½ 99¾-100½ 100 -101 101¼-102½ 102½-102~ 101½-103 99 - 99 95 - 97 101 -101 100 -102¾ 97½ 100 ·Peoplel!l'G&-C.,Chi.2d 6 103½-104¾ .... - .... 103 -103¾ 103¾-104¼ 102 -103 .... - .... 98 - 98 - . . . . 89¾- 90 89½- 94 1st, guar., 1904 ...... 6 ... . Peo. Dec. & Evan v.1.st, 19:!0 ...... .. ....... . 6 103 -103 .... - .... 103 -1~ 101 -101 100½-100½ 103 -103 65 -65 24 - 37 50 - 50 . . . . - . . . . 36 - 50 38 - 65 34 - 40 2d, 1926 . .. . ........... ~ 70 - 70½ 70½- 72 69½- 70¼ 65 -65 90 - 90 . . . . - . . . . 84¾- 85 99 - 89 98 - 98½ 95 - 95 75 - 80 •Evansv. Div., lst ..... 6 .... - .... 105 -105 . . . 68¾- 72 65 - 69 58 - 61 60 - 71½ 68 - 69½ 68 - 71¼ 71 - 74 77 - 77¾ 77 - 77¾ 74 - 75~ 66 - 74 Peo. & East.-lst, con.4 77 - 79 15 - 19 18 - 19¾ 18 - 19 16 - 16 14 - 18 16½- 18 12 - 15 18 - 21 Income, 1990 ... .. .... 4. 25 - 26¾ 21 - 25½ 21 - 22 20½- 21 - ... . 1103,s-111 - .... 107 -107 105 -105¼ ..•. - .... 107½-108½ ... .Peo. & Pek. Un.-lst .. 6 .. . 75 75 73 - 73 - •... 65 - 65 70 - 70 2d mort., 1921 ... ... 4¼ ... . • Ex-Interest. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis lZiH - - - - RAILROAD 7"0 BONDS. I ~93-Continued. BONDS. JANUARY FEBR'RY. MARCH. APRIL. MAY. JUNE. . JU:t.Y. AUGUST. ~EPT'BER. OCTOBER. NOV'B~ DEC'BEJi Low.High Low.High Low.High Low.Rig~ Low.High Low.High Low.High Low.High Low.High Low.High Low.High !:'.ow~lgh Phila. & ReadingGeneral. ...... .......... .4 8::1½- 85¾ 76 - 84¾ 72¼- 78¼ 73¼- 78¼ 69¾- 77 65½- 70 60 - 66¾ 59¾- 69 65 - 70¼ 66¼- 71¾ 69¾- 72½ 67 - 78 Reaistered. .. . .. .4 83½- 83½ .... - . .. . ... - .... 78¾- 73½ 68½- 68;, 1st pref. inc., 19~8 . . ~ 74¾- 76¾ 49 - 71½ 45 - 51½ 45 - 50 32 - 47½ 29 - 33½ 20 - 80¼ 21%- 32½ 29½- 85¾ 29¾- 87 33 - 36¾ 29 - 35~ ~d pref. inc., 19i)8 . ... ~ 67¾- 70 35¾- 61 30¾- 37½ 81¾-- 37½ 21 - 83 19 - 23¾ 17½- 21~ 14¼- 21¾ 18½- 24 18 - 26 22¾- 26 18½- 24¼ 3d p1•ef. inc., 19~S . ... ~ 58¾- 62¾ 25½- 55¾ 22:J:!- 28 23½- 28½ 16 - 26 18 - 18½ 11 - 15¾ 12 - 17 14 - 18¾ 15½- 21½ 18 - 20½ 15~- 1~ 3d pret. inc., conv . ... ~ 60¾- 62 45¾- 55 25¾- 25¼ .... 11½- 11½ .... Deferred income ...... 6 13½- 15¼ 8 - 14 7 - 8¾ 6¼- 8 5 - 7 4 - 5 3 - 8½ 2¾- 4¾ 4 - 5½ 4 - 5% 4½- 5'¼ 3¾- 4¾, 125 -125 Pine Cr,.ek-1932, go.ti . .. . - ........ . . .. - .. . . .. . . - .... 127¾-127¾ ... 122¾-123½ .. . . . ....... - ... . P. Cin.&St.L,-1900.7' .... - ........ 110¾-110¾ . ... P.c.c.& St.L.-"A" .4½ 102¾-108 108 -103¾ 108¾·10~¾ 101¾-102 101½-102 1017-(-101½ 100¾-101 97¼-100 98½-101 97½- 97½ 100 -101 100¾-101¼, Serif's B, 1942 ...... 4½ 102¾-102¾ .... - ........ - .... 102 -102 101 -101 101 -101 99 -100 .. . 100 -100¾ 100¾-101¼ Pitts.Cl.& Tol.-lst ... 6 .... - .... 108½-108¾ .... Pitts. & I , , "R.-2d,'~8.~ .... - .... 112 -112 Pitub. & West.-lst .. 4 81 - 82 82¾- 83¾ 82 - 84½ 84½- 88 85 - 87¾ 93¼- 86½ 77½- 84:14 72 - 77 75 - 81 79¾- 84½ 83 - 88 86½- 88 Mortgage, 1941 . ..... ~ .... 90 - 90 .... 83 - 83 85¾- 95¾ 80 - 80 98½- 98½ .... Pleas. Val. Coal-lst.6 .... - .... 107 -107 Proc.&G.-lst, 1940.d .... Richm'd & Danville-Consol ................. 6 108 -108 108 -111 106½-109 107 -108 105 -109 107 -108½ 108 -105½ 102 -103½ 103¾-109 108 -110 110 -111½ 109 -111 91 - 93½ 92 - 92 .... Debenture ............. 6 85¼- 89 90 - 90 85 - 85 86 - 86 79 - 84 85 - 85¼ 85½- 87 80 - 90 .... 60 - 70 Con, M., gold, 1936.~ 07 - 72½ 71¼- 78 69 - 78½ 77 - 77¾ 76½- 78 70 - 75 'iO 67 - 78 T1·ust reeeipts .. ..... . .... - 74½ 70 - 73 .... 50 - 56 .... Wash. O. & W., lst.4 .... Rich, & W. Pt. Ter.Trust .......... ......... 6 71 - 77 75½- e3¾ 79 - 80¾ 76¼- 80½ 56 - 75¾ 56 - 60 65 - 56 Tru11t receipts ........ .... - ... - •· .. 40 - 47 46 - 56 48 - 52~ 42 - 49 40 - 48 54¾- 60 21'¼- 21'¼ . . . . Con., 1st, col. t. g ... .. ~ 48 - 49¾ 44¾- 52 43½- 48¾ 39 - 48 24¾- 40 24½- 27¼ Trast receipts ........ ... - ........ - . . . . ... 24¼- 27½ 16 - 28 15'4- 21 21 - 26¼ 19'¼- 24¾ 20 - 24,11 18 - 21~ 98-98 . ... Rio G1·. Junc.-lat, a- .. ~ .... - ........ - .... 95¾- 95¾ .... Rio Grande Soutll'n .. . ~ 80 - 80 54 - 64½ 60 - 66 63¾- 69 67½- 74½ 69 - 74 Rio G.W.-lst, 1939 .. 4 76¼- 77'¼ 71¾- 78 74½- 77 76½- 77¾ 74 - 77¾ 70 - 75¼ 63 - 69 It. W &O., con . 1st, ex.~ 113¾-113¾ 114 -115 114½-115 111¾-112 110½-112 110 -112 104½-111¾ 104 -107¾ 109½-lll 106~-110½ 110¾-112½ 112 -lU - .... 100 -101 101 -101 . ... Ut, & Bl. R.-1922 .. 4 .. .. .... - .... 101 -101 - .. .. 74. - 76½ . . • - •... *67 - .69½ 67 - 71 St. Jo. & G'd 181.-ht.6 93 - 96 91¾- 95½ 92 - 94½ 92¾- 9-! 86 - 87 83 - 85 .... Kan. C. & Om., 1st . . ~ 75 - 78 70¾- 74¾ 72½- 74 St. Louis Alt, & T. H.lst . . ..................... , 104 -105 102½-103¾ .... - .... 104 -104 104¾-104¾ 104¾-104¾ 100 -101¼ .. - .... 102 -102 100 -108 102½-103 104½-104½:ld, pref .................. , 104¾-104¾ 101¾-101½ 101 -101¾ 102 -102 100 -101 100½-100½ .... - .... 90 - 95 99 - 99 99 - 99½ 99¾-108 108¾-108¾: 2d, income .............. , 101¾-101¾ ... - .... 101 -101½ 101½-102½ 97½-100 98 -100 98 - 98 .... 98 - 98 98 - 99½ *100 -101½ 101½-102 Dividend bonds ... .. .. 6 66 - 66 66 - 67½ .... - . . . . 64 - 64 - .... 101 -101 .... - . . . . 98 - 98 96 - 96 107 -107 .... Ch, St. L,& Pad.,1.-t.~ 101'¼-101'¼ .... - .... 101 -101 Belle. & So, 111.-lst.8 110¾-110¾ .... - ... 110½-110½ .... St. Louis & Iron !lit.ht, extension . . .. . .... :; 102¼-103½ 101 -101½ lOQ¾-101½ 101½-102 1{10½-101¾ 101 -102 100 -101½ 95 - 98 95 -100 95 -100 100 -101 102 -102¼ 2d, 1897.. .... . . . . . . . . ,- 105¾-107 107 -108¼ 108 -108¼ 108 -109 104 -104½ 1023,s-104½ 101¼-102½ 9-! - 98 98½-100¾ 103 -104 Arkansas Branch .... , .... . 104 -104¾ 105 -105½ 108½-104½ 104 -104 99½-100¾ 99 -100 98 - 99½ 100 -100 100 -100 .. .. - .. 100 -100¼ Cairo Ark. & Texas., 104 -104 .... - .... 104¾-104¾ .... - .... 104½-104½ 99 -100 99 - 99 99 - 99 95 - 96 95 - 95½ 97½- 97¾ 97½- 97¾ Gen. consol. & 1. g .... ~ 84¾- 90¾ 96¾- 89¾ 88 - 89 ½ 85 - 86½ 82¼- 85 80 - 83¾ 76¾- 81½ 60 - 75 70 - 74 68½- 75 75 - SO 72 - 79¼ !!."tamped, guar ..... . ~ 88½- 90 88 - 88 88 - 88¼ 84¾- 85 83 - 83 80 - 83 68 - 73 St. L. & San Fran.2d, clal!l!I A .............. 6 .... - ... 113¾-118¼ 113 -113 - .... 109 -109 109 -109 - .. .. 107 -lOi' 107 -107 104½ 106¾ 100 -107" - .... 106½-lO'i 10!½-107 99½?-108¾ Class B .................. 6 111½-112¾ 112½-113¼ 112½-114 112 -114½ 109 -111 109 -109 101 -109 100 -104 101 -109 100 -104 106 -108 107 -107 104¼ -107½ 99¾-108¾: Class C. '. ................ .6 lll½-112¼ 112%-118¼ 112½-lH 114%-114½ 111 -111 General mort .......... 6 106½-106½ 111 -111 108 -108 111 -111½ 110 -110 - .... 102 -10:i¼ 99 -100 102 -102 98 - 98 102 -102 94 - 94 88 - 90 77 - 77 General mort ........ .. ~ 96 - 96 94½- 94½ . . - . . . . . . . - . .. . 95 - 96 55 - 55 50 - 52 48 - 60 53 - 53 40 - 51 Consol. mot·ta-aa-e . ... 4 66¾- 68 67¾- 69 67½- 68 65½- 65¾ 61 - 64¾ 60 - 63½ 59 - 59 78 78 .... 1st, trust, 1987' .. ..... ~ .... - ........ - :::: iM½-104½ 105 -105 105 -105 Ft.~. & V. B.-1st ... 6 .... - ........ St. Louis !!!outlnv't'nlst, 1989 . ............. .4 63½- 67 66 - 67¾ 64 - 66 65¾- 68 62½- 65¾ 58 - 64 51 - 60 50 - 57¾ 55§,g- 60% 54 - 60~ *56½- 60½ 65 - 61¼ 2d inc., 19!19 ......... . 4 24 - 28½ 26 - 28:):! 24¾- 26¼ 25¾- 28 22 - 26 21 - 24 12 - 21 14½- 19½ 16 - 19¾ 15½- 19½ 18½- 22½ 15½- 20 St.P.&D.-2d,191'1.~···· - .. .. 107 -107 106 -106 - ... 103 -103 99 -100 100 -100 . ... 1(13 -103 102 -108 l!'t. P. Minn. & lllan, 1st, 1909.... . . ...... ,- 108 -109¼ .... - .... 110 -110 111 -111 - .... 107 -110 105 -105 2d mortg., 1909 ..... 6117¾-118 11'7 -120 - .... 116 -116 116¼-117½ 115¾-116½ 111 -112 110 -112 113 -118 112 -113 118 -113 114 -117 Dakota Extension .... 6 117¼-117¾ 118xi-119 117 -117½ 119½-119½ 115 -116 113 -116 .... - .... 109½-110¼ 118½-115 114 -115¾ 118 -116 114 -116 1st, consol,, coup .... 6 121 -122¼ 1211¼-128¼ 122 -123½ 122 -128½ 118 -121 118 -119 111½-116 111 -112 - .... 115 -115 117½-119¼ 119¼-120 Reduced to ......... 4½ 100 -100¾ 100%-102"2 102½-108 108 -103½ 102 -103½ 101 -103!,i 100 -100¾ 97 - 99 97 - 99¼ 99%-100¾ 100 -1021{ 101 -lOlll:( Relil'istered .......... 100¼-100¼ - .... 100 -100 .. . . - . . .. .. . . Montana Ext .• 1st ... 4 88 - 91 89¼- 90¼ 89½- 91 89½- 90½ 90 - 91½ 87 - 89½ 88 - 88 79 - 87 83 - 87 86 - 87 87 - 92 89 - 90 Registered ............. .... - . .. 85 - 85 - ........ Montana Cent., 1st. 6 115 -115¼ .... - .... 116 -118 116 -116 115 -116 116 -116 105 -105 103 -108 108¾-108¾ 110 -110 110 -114 113¾-114.¼ 1st, guar., 1937 .... ~ 102½-102½ 102¼-102½ 104¾-105 108 -105 102¾-108 102 -103 99½- 99¼ 99 - 99 - .... 95 - 95 96 -100 99½-106 E. Minn., 1st, 1908 .. ~ 104 -104 103 -105 105 -105 105 -105 102½-103 102½-102½ .... San An. &Ar. Pass1916 n-ust recelpts.. 6 70¾- 71½ 71½- 75 74 - 76 71 - 72½ 70 - 71 70 - 70 67 - 67 . . . . - . . . . 55 - 55 1926 trust recelpts .. 6 66 - 71¾ 71¼- 75 78½- 76 70 - 78¾ 70 - 70¾ 68 - 70 67 - 67 .... 1st, 1943, gold, a-u ... 4 .... - .. ... ... - ........ - ........ - . . . . 52 - 60 52 - 57 54 - 60 57½- 60 58 - 59t# 95 - 97 8.F.&N.P, .lst,1919 .. ~ 93½- 94 .... - ........ - ....... ........ 56¼- ~6¼ .... Sav.Am. & Mon.-lst.6 .... - ....... 56½- 58 H. V. & .N ,E,,lst,1989.4 81 - B3 82½- 83 80¾- 83 80 - 80¾ 76 - 78 74 - 77 70 - 76 69 - 72½ 72 - 74 74 - 74 'iO¼- 70½ 73 - 75 70 - 96½ 70 - 70 Security Corp.-lst .... 6 97 - 98¾ 97'¼- 98¾ 97¼- 98 97¾- 99 South Caroltna- . . . 105 -108 .... lst, ex .Apr,,'91, cp .. 6 105½-105½ 105½-106 105½-106 105½-105½ 105 -105¾ 105 -105 2d, 1931 .... ... ...... ... 6 85 - 85 •••• - ........ - . . . . 79½- 79½ ... . Incomes . ... ............ 6 10 - 10¼ .... - ........ - ........ - ....... . !So. Pacific, Cal-lst .... 6 114 -114¾ 114¾-115 115 -115 118½-113½ 118 -114 118 -113 114 -114 107 -107 107 -107 104 -105 104½-10!½ 107½-108 93½- 93½ 93 - 94½ 90 - 9!½ 90 - 91 89 • 90 1st consol., 1938 .... ~ 95¾- 97¾ 96 - 97¾ 94!!.(- 95¾ 98 - 94¾ 94 - 941)( 94 - 94¾ 94 - 95 82!1,(- 86 88 - 8! 81½- 83¾ 80¼- 81¾ 80 - ~ Au.&N.W.,lst,'41.~ 88 -89¾ 89 -89¾ 89 -89½ 89½-89¾ 89 - 89!1.( 89 - 89 *86 - 86 92 - 92 93½- 95 94¾- 95 So. Pac., Ariz., lst .... 6 100 -100½ 99½-100 100 -100¾ 97 -100 98 - 98¼ 98~- 98¾ . . .. 94 - 94!1.( 93 - 95¾ 96¾- 97" So. Pac., N. Mex.-lst.6 104 -104¾ 105 -105M 104 -105 104~-104'¼ 103 -104 108~-103¾ 101¾-101¾ 100 -100 l'enn. Coal & Iron70 - 75 ••.• 75 - 75 75 - 76 90 - 91 90 - 90 80 - 82½ ...• - . .. . 77½- 77½ 74 - 75 Tennessee Division ..6 98¾- 94¾ 90 - 95 75 - 75 80 - 88 70 - 78 85 - 89 83 - 84'¼ 70 - 81 70 - 74 Bir. Div.,lst ......... ti 94 - 95¼ 91 - 95¼ 89½- 90½ 90 - 91 97 - 97 • .•. 103 -L08 98½-100¼ lOQ¾-100¾ 108 -108 .... 95 - 95 T. RR,ofSt. L.-lst.4½ 97½- 99 .. .• Texas & N. Orleanslst, 190~ . ............. ,- ll.3½-113¾ .. .. 90½- 91 90 - 91 91¼- 933' - • . • 89¾- 90¾ 90 - 91 1st. consol., 1943, g.~ •••• ........ Sab. Div., lst .. ........ 6 .... - ... . ... . . ... 106 -106¾ •••• Texas & Paciftc- .... 102¼-102½ 102 -102 • • • • - •••••••• lst, East. Division .. 6 .. .. - ••....• 64¾- 72 68 - 75 74 - 80~ ~ - ~ 59 - 71¼ 69 - 65 lat, aold, 2060 .. ..... . G 7~- 81 78 - 80¾ 77 - 78 77 - 79 74 - 78 69- 74 18 13¾17 15¼1~ 16"21~ 19 28 18 - 21 'I~ _.-., Inc., 2000 . .... :J 26 - 29¼ 2 ~ 28 22J.(- ~ 22,i(- 26¾ 17¾- 28 17 - 19 13 - - - - : ::j:: :::: - ........ - • lllat•lntecest. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis - - - ........ - BO ~D . RAILROAD J 893-C:oncl uded. BONDS. JANUARY FEBR'RY. MARCIi. APRIL. MAY. I JUNE. ------ ------ --- _____ ,_ ___ JULY. AUGU T. SEPT'BER. OCTOBER. Nov'BER. DEC'BER- Low.High Low.High Low.B:lgh Low .High Low.Hillh Low.High Low.High :'ow.High Low.High _ _ _ _ _ _ _ _ _ _ _ 1 Low.Hlgh Low.High Low.High Third Avenue (N. Y .) -110 109 -110 111 -114 113½·1153,f 1st, 1937 ... ..... . ... • .. -~ 112¼-112½ 112½-113½ 113¼-114½ 113¼-115 113¼-115 111 -115 106 -110 105½-106½ 107 .. ... - ........ - ... . ... . - ........ - ... . Toi. A. A. & C., 1917 .6 98 -105¾ 102½-104¾ 98 -102½ 98 - 99½ .... - .. . .... - ........ - ....... - . . . . .. ....• _ ....... _ ... ... .. _ ... . ·.. . - ........ - ....... - ... .. . .. _ ........ Tol.A.A.&N.M ,,lst.6103 -108½106 -107¾106 -108 107 -108 30 - 30½ 30 - 30½ .. . . - ........ - . . ..... . - .... . ... - .. . . ... . - ....... - .. . 1st, consol., 1940 .. .. ~ 90 - 93½ 93 - 93 .. .. - . . . . 88 - 93 .. - . . ..... - ........ - ..... . .. - ...... - ....... - .. .. . ... - .. . Tol.A.A.&G. T,-lst .. 6 113 -116 115 -116 113 -113 106 -112½ 100 -100 . .. - . .. 90 - 90 .... - ........ - . .... ... - ........ - ........ - ........ - ... . Toi. A. A. & lllt. Pl.-6 102 -107¾ 104¾-106 98½-101½ 99½-101 102 -104 103 -105 105 -106J,,( 107¾-108 Toi.& Ohio Cent.-lst.~ 105 -107½ 107¾-108½ 107 -108½ 108¾-109 102J,,(-105½ 105 -106 102¾-103)4 100 -102¾ 80 - 86¼ - 78 80¾- 80¾ 80¼- 80¼ 79 - 80¼ 76 - 80 .... - ... . ?2½- 74 .... - . ... 70 - 70 .... - .... 74 T.P.&W.-ht, 1911 .. 4 80 - 81 62 - 64 63½- 64 53 - 57¾ 55 - 63 48 - 54 55 - 60 58 - 63 603,ii- 75 78¾- 85 Tol.St.L.&K ,C,-lst,6 88¼- 90½ 85 - 90 81 - 86 .... - . . ...... - .. .. 93¾- 95 .... - .... 100 -101¾ 99 - 1 ~ Uls, & Del.-lst, con .. ~ 103 -103¾ 103 -103¾ .... - ........ - .... 100 -100 .... Union Po.cific102½-104¾ 101½-104¾ 102 -104¾ 103 -105 ht, 1896 ...... . . .... ·. · .6 105 -105!1( 106 -106½ 106 -107 106½-107 106 -107 106¾-106¾ 102½-103½ 100 -103 104¾-105 102½-105~ 10~-104¾ 104 -1051.( 1st, 1897 ......... ... ••.ti 106¾-107 106½-107¾ 106¾-107½ 107¾-107½ 106¼-107 107½-107½ 103>ii·104½ 100 -102 103 -106¾ 103¾-105¾ 104, -106 105 -106¼ ht, 1898 . .............. 6 108¼-109 108¾--109¾ 108 -109 108¼-109 108 -108¾ 107½-109½ 104 -106¼ 101 -102% 104, -107 104 -107¾ 104¼-106¾ 106%·107 1st, 1899 . ............ . 6 109 -110¾ 109¾-110 109½-109½ 110 -110 109 -109¾ 110 -110½ 104 -104 102 -102 9-i -100 .... _ ...... - .... 100 -100 Sinking fund ........ •.. S 103½-105¾ 105 -105¾ 101 -101½ 101½-101¾ 101¾--102½ 101¾-102½ 101¼-102¼ 98 -103¾ - . . . . . .. . - . . . . . . . . - .... 102 -102 . . . . - .. . . . . . . - .... 1. . . . - • • • • • • • • - • • • • • • • - • • • • • • • • - • • • • Registered .. .. ....... • . . . . - .. . . . .. . - . . . . 65¼- 66 .. . . _ . ... . ... _ .... _ .... Collo.te1·0.l Trust ..... ~ ... . - ........ - .... .... - .. ...... - ....... - ... . ... . _ ... . ... - ....... _ ....... 71 - 75 .... - ...• _ .. . . 90 - 90 Collo.tero.1 Trusr ... .. . ti .... - . . . 101 -101 100 -100 . . •. - ... . .. .. - ... ..... - . .. 97 - 97 .... - ........ 49 - 50 50 - 57½ . . . . _ . . . . . . - . . . . 48 - 48 60 - 62½ 48 - 50 68 - 69½ 67 - 68 Collo.tero.l Trust.... 4!,fi 67 - 73½ 73 - "3 ff5 - 70 88 - 91¼ 77 - 82½ 80½- 91 ~ - 89 Col. tr, notes, '94, g .6 98½-102¾ 98%-100 97½- 98¾ 97½-100 95 - 98½ 91¾- 99% 90 - 97 72½- 86 102¾ 104}! ... - .... 101 -101 .... _ .... 103¾-103½ .. .. ... - ........ - . . . . . . . . - .... 103 -103 Kan.Po.c.-lst, 1S9~.6 106!1(-106¾ 104 -104 . _ ..... ... _ ........ _ ... . 101 -103¼ 1st, 1896 .... •·· •· · •· .6 106)4-106¾ .... - ........ - .... 105½·105½ 105 -105 . .. . - ........ - ........ - ....... -109¼ 107 -108½ 106 109½-109½ .. - .... 109 -109 109¼-109¾ Dem•er Div . .. .. •· •.. 6 110¾-110¾ 111 -111% lll½-111½ 112½-113½ 109½-109¼ .... - ... ~~~ c;::~c·h:·~: /:::: ~~=1~~ ~~~.¾=l~~~ ~~½=1~~ ~~~¾=1~~ 1~~ c!!!: At, Col, & Po.c,-lst .. 6 9.~ .46.~o· =_ -105½ .588··9·ru=_6995··· 1·6~~0·-_ -60 =1~~ 1~!¾=1~!¾ .. .. .. ,,.,. 70 - 70 .... 75 - 80 84 - 84 S4 - 85 81 - 86¾ 85 - 86 _ _ - ... . .... - ........ - ........ - . . . . . . . . . . . . . . . _ At,J,Co,&W ,,ls r.6 82 -82 82 -82 68 &l½Oreii, Sb. Line-ht .. . 6 106¾-109 105¾-108 103½-106½ 103½-105½ 100½-103½ 97½-102 98 -101½ 80 47 64 57¾60 52 . ... .. . . 70 65½Or.Sh,L,&U,N ,,con.~ 76½- 80½ 79 - 79¾ 77 - 77¾ 71 - 76½ 67 -71 ... . - ........ Collo.t,Tst.,191 9,ii.~ 80¾- 82¼ .... - ...... - ....... - .... 77 - 85 .7..2. -_ 7·2··· . 9..0. = 9.0. .. ,_.,_·.4. _- 54 ..... .. _ ........ _ Uto.b Soutbern-Gen ,1100 -103 1oi -102 102 -102 .... - ... .. ... - . . . 90 - 90 ...• 75 . .. 96 -100 Ext'n, 1st, 1909 ..... 1100 -103 .... - . ... 100½-101½ 101 -101 101 -101 37½42 - 49 39½- 50 60 - 68¾ 47½- 62 66¾- 71 69 - 71¼ 71 - i3 U ,Pac.Den.& G.Con.~ 68¼- .75¾ 70½- 74 .. - ..... . .. .. .... ... . .... 75 - 77 .. . . Un.Pac.L.&Co l.,lst.~ 84 - 84 .... - ...... . . - ........ - .. . . ... - sliii 89 .. --··175 - ~~:.; te;~~:~:::ls~:·: :::: = :::: :::: = :::: io4 :1()4 .. :::: = :::: :: :: _ .... ~~~¾=1~~ .. ,1~ -1~~~, .~~ =1~~ . ~~~ =1~~~ ~~.~ - 48.98.~ ~48.~5·¾__- 95.40... .~8·½= 856·0·· .84 ... . .... _ 81 88 57½ 44½. .. . .... ..... . . _ .. .. 85 40 46 ....... . - =1~~ ~~~ ........... . 74¾- 90 90 48¾ 48 - 51 ........ - .. .. ....... - ··· 85 . ... - •· · · 4'0 - 40 43 - ... . .. . . =1~~ ~~=1~~ Viriilnio. Midlo.nd77½- 78½ 76¾- 83¾ 73 - 77½ 70 - 73 General, 1936 .... • •• .~ 77 - 82½ 83 - 83 84 - 85 84 - 86 81 - 82¾ 79 - 80 .... - . . . 74 - 74½ 79 - 79 .... - .. . . 72 - 73 81½- 82½ ?9 - 80 .... - . . .. . .. - . . .. 77½- 79 84 - 86 Gen., guo.r.stamped. ~ 80¾- 82 82½- 84 84 - 84 Wabash98½-103 101¾-105 *Ol½-103¾ 102¾-103¾ lst, gold, 1939 .. . .... . ~ 102¼-105 105 -105¾ 104½-106 105½-106½ 100 -lOi 98% 10274 93 -101½ 93 - 99 74¾- 78¾ 72 - 78¼ 70 - 75 68 - 73 60 - 70 60 - ?3 71 - 77½ 69 - 74 78½- 80 2d mort,, gold, 1939.~ ?9½- 82½ 78%- 80¾ 77¾- 79 25½- 25½ 20 - 25 21½- 25 25 - 25 19 - 23¾ 21½- 22 25 - 2i:s 27 - 30 34 - 34½ 32½!- 34 34½- 37 Deb. Inc .. 1939, 8, B .ti 37 - 39 100¾-101½ 101 -101¼ 102½-105¾ 105 -105~ St.L,K.C,&N. R'l E,7 107 -107 107%-107¾ 102½-104¾ 103 -103 101 -102% .... - .... 102 -102 . ... - .. . . 98¼-100 100½-102¾ 102¾-102¼ 104 -106 106¾-106¼ No. Mo,-lst,189~. 7 104½-105¾ ... - .. . . 105)4-105½ 106 -106 105 -106 101½· 106 100 -101 . ... - .... 100 -100 101¼-101¼ 101½-102 105 -106 .... - ·· ·8t,C,B',re, lst,190"".6 109 -109 109 -109¾ 110 -110 .... - ... . ... - .. ..... 99¼-101 98 -100 95 - 98 93 - 99 99¼-100½ 199¾-100½ 97½- 97½ 95 - 97 99¾-101 D. & Ch, Ext, J 940 . . ~ 98½- 99¾ W:J,!-100½ 98½-100 95 -100½ 99½-101 100 -103 102 -104 W.N,Y, &Penn,-lst.~ 102 -103 103½-105 10-2½-104¾ 102½-104 102 -103 102 -102¾ 96 - 99½ 94 - 96¾ 20¾- U 25½ 22¾· 25¼ 20½23½ 21 20¼ 26 - 29% 25 - 27¼ 23 - 26¾ 22½- 23½ 19 - 21½ 18 30 - 32 2d M., a-,, 1927 ... 3-:l 30¾- 33 W. Union Telegrapb- . . . 110 -110 113¼-113½ 110 -112 Coupon . . . • •.... • .. • • •7 .... - .... 113 -113 111 -111 .... - .. ..... . - .... 109 -109 .... - . .. . .... - ........ .... _ ........ _ ........ _ .... 112½-112J.,_, Registered ....... ...... , 112½-112½ . .. - ....... - .. . . ... - ........ _ ... ..... _ ... . ... - . ... .... _ .... 99 -101 101¼-102¼ 102 -107 106¼-107}.,. Collateral trust .. ... ~ 103½·106 104 -105 103 -105 103¼-104¼ 102¼-105 102¾-104 95¾-104½ 95 - 97¾ Wheel'g & Lake El'ie.•.. 101¾-101¾ 101½-103 107 -107¼ lst. ..... ... . .. . · · · . . · · · --.5 104' -104½ 107 -107 104¼-104½ 104½-105 .... - . . . . .. . - ... . 103 -103 .. .. - ......... -- . ....... - ... ... . . - .. .. . ... - ...• ... Cnnsol .. .. .. .... ... . • .. . 4 .... - . .. . 75½- 76½ 79¾- 79¾ .•. - . . . . 75 - 76 .... - . .. . .... - . .. ....• - . . . W - 94 .... - .. .. 94 - 04 ... . - ... . Ext,& lmp,,g,,1930.~ • ••· - • •· • ... . - . ....... - .... . ... - . . . . 98 - 98 .... - .. . . 97¾- 98 95 - 95 .... _ ........ _ ........ _ . ... . .. - ...• _ Wheel, Div,, 1st ...... ~ .... - .... 102¾-102¾ . ... - ... . .... - ........ _ ........ _ ........ _ ... . . 75%- 75~ 68 - 70 68 - 69 - 72 65 72 69¾71 - 75¼ 68%- 72% ... - .. . . 79¾- 79¾ .... - . ... 73 - 80 \II It, L, E. & P, Voal. .. 5 77 - 77 69¾- 70 - . .. . 68 - 75 69 - 70 60 - 70 2 - 87 .... Wis. Cent. Co., 1st, fl' .. ~ 87½- 92½ 90 - 91½ 87 - 87 88 - 89¼ 88 - 88 10½- 12 .... •· . ... 14 - 14 12 - 13½ 9 - 15 19 - 20 25 - 25 .... - . . . . 20 - 21 30 - 30 30 - 35 Income, 193'7 ..... .. ... ~ 33 - 33 • Ex-Interest. 1894. BONDS. Low.High Low.High Low.Hhth Low.High Low.High Low.High Low.High Low.High !'ow.High Low.High Low.High Low.High 90 - 90¾ 90 - 90 90 89¾89¼ 86 . ... ...... ........ ... .. ... ........ .. .. - ... . 86 - 86½ 90 - 90 .... *113 -114 111¼-113 112 -113½ 111 -113 112½-113¾ 113¾-114 111¾-113 ll3 -114¾ 114½-115 •113 -114¼ 114 -114¾ 114¾-115 40½- 43½ 41 - 45¼ 43½ 44 - 45¾ 40¾45¼- 48½ 44¾- 45¼ 44 - 51¼ 51¼- 53¼ 44 - 50½ 41½- 47½ 44%- 46¾ 42½- 46 2¾- 3½ 3 - 3¾ 2¾- S 3¾- 4 3¾- 4¾ 2¾- 2½ 2)4- 4 4¼- 5 4¾- 6¼ 5 - 6 2¼- 8½ 3 - 4 Ala, Mid.-lst, 1928.. 6 Am, Cot. Oil Co.-lst .. 8 Atlantic & Po.c,-bt... 4 Income ................... 6 2 - 2 3 - 3 - ........ - .... •··· - •··· .... Central Div,, Income . .... - ........ - ... . Atch, Top. & S. Fe.61¾- ~ 65 - 70¾ 647,(- 70 74~- 77¾ 69~- 76¼ 6.l¾- 73½ 70¾- 78 73¼- 76½ 72¾- 75 Gen. mo1•t,, 1989 ..... 4 67 - 70¾ 70¾- 71% 71 - 77 - • ••. . . . . Re1ih1te1·ed.... . . . . . . . . 68¾ · 68½ . . . . - •.. 78 - 74Y4 75 - 75 . . . • - . . . . 71 - 733' 73~- 78¼ • • • • 25½ 18¾- 22¼ 18!1(- 21¾ 16¼- 19 ClaH "A" 1989, 2½.4 S1¼- 34½ 83½- 84% 33½- 38¾ 33¾- 3871: 30¾- 85¾ 24:14;- 32¾ 20 - 26¾ 20 - 25¾ 22¾96¾- 96¾ . . . . - . .• 96 - 96 - . . . . 96 - 96 96¾-96¾ 96¾- 96¾ 95 - 95 94½- 96 Atl, Av, CB'k)yn)-lm.~ .... - ........ Baltimore & Obio121½-123 .... - ........ - .... 120¾-120~ lst, Po.rkerab'ii Br .. ti .... - . ... 118 -118 118 -118 .... - . ... . .. - .. .. 118½-120 120 -120 12!. -121 111 -114 lll½-112 111)4-112½ 112¾-112,t. Gold, 19~~. coup .. .. . 5 112¾-114¾ ill -111 111 -111½ .... - .... lll½-111½ 112 -112¾ .... - ... . 110 -110 - .... .... . .. . 109 -109 Reaistered..... . .. . ... . . . . . . ... 1141'(-114:)4 115¾-115% 115 -115 llO -115 115 -115 . · · · - .. · · 114 -114 lU -lU .... Consol., iiold, 1988... :) . . .. - .... 107½-10?½ . . - .. . . .. . Real11tered.... ......... . ... - .... 103 -103 .... - ... . 100½-100½ 102 -104½ 102 -103½ .... ..&.k. & t.hic. June ... .. ~ . ... - ........ - .... 101)4-101¼ ... . Monon. R Iver, lst ..J ~ . . .. . .. . 105¾-105½ . . • . . ... 102½-102" 104¾--105¾ . . . . - . . . . . . . . - ... . 107½-108% . . . . IL&O,S W .-1st, I 990 . . . . - .. · · 99¾- 99~ .... . ... .... - .. . . . .. - .. . 100'4-101 101 -101½ ... . - .. .. .. .. Ll,&O.S W. Ry.'93.4¾ . .. . - • .. · 21 - ~2 • . . . 25 - 25 • • • • . ....... - .... .. .. - .. . 28½- 28¾ 22 - 25½ .... - ... . .... 1st Income, B .. ...... 5 . . .. .. .. 102½-102½ 105'4-106 .. . . - .... 10$¾-104 108~-1~ f-Jalt, Belt-ht, gu. ~ . .... - ........ - ....... - . . . .. ... - ... . . .. - .... 102¾-102½ .. .. •··· - .... 106 -106 .•.. f" ~ech Creek.-ht, .,; .. 4 99½-100¾ 101¾-102½ 102~-103¾ 103~-103¾ 105 -105 .... - .. .. 100 -103 103¾-103¾ 103~-104 • 103 -104¾ . .. - ....... • - • •· i:eaistered... .. . .. . ... . . . .. . - ···· 101 -101 .... . .. . 102 - 102 101~-101~ .... - ... ... . . . .. . 100 -100 .... o8t.H.T.&We8 .deb.~ .... - .... 80 - 81~ - ....... . \1st.Un.Gas-T r. ctfs.: i. ... - .... 106¾-107 107 -100~ •105¼-08¼ 108¾-110 109:14;-110½ 109~-110 109¾-11S 112~-11S¼ •no -111% •way & '1th AV.-' 43.~ . . . . - . . . . . .. - . .. 111 -111½ 112 -112 111~·112¼ ...• - .. .. ll.12½·114 ll4 -lH½ ... - . .. 113 -116M Jrooklyn C ty-Cons .. ~ .. .. l,ua. Roch. & Pltt•b.97 - 9~ 97 - 97~ 96½- 97 98 - 99 · · ·· General.. ............... ~ 98 - 99 97 - 99 95½- 97 98 - 98¾ 98 - ~ 98 - 98 ··· ·1121 -121 -122 122¼-122½ 123 -123 R. & P., l•t, 1921 ... 6 .... - ... 11203'-12~ .... - . ·· \121½-121½\122 ..• - .... 118 -120 117 -118 118 -120 11~-120 118 -ll9 ll7½-ll8 Con■ol., lat .......... 6 116¼-116¾ 116 -116 I .... - .... 1 • lllx-mterest. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 1···· - .. ::--: ::•·1~~~ =~~ . ~~.:'=~ BO DS. RAILROAD 1894-Continued. BONDS. JA:-IUARY FEBR'RY. MARCH. APRIL, Jd.AY. JUNE. JULY. AUGUST. SEPT'BER. OCTOBER. NOV'BER. DEC'BER. Low.High Low.High Low.High Low.High Low.Hl1th Low.Hillh Low.High Low.High Low.High Low.High Low.High Low. High Brooklyn Elevated85 - 90¼ 80 - 86 98 - 9~ 88¾- 94 lst, 1924 . ....... ... . .. . ti 100 -107 103 -104 t0:3¼-103¾ 100 -100¾ 97 -100¼ 95 - 98 90 - 90 90¾- 98 52¾- 65 50 - 53 55 - 63 60 - 62½ 65¼- 65¾ 63 - 63 64¼- 67 72 - 74 2d mort., 191:i ... . 3-:i . . - ........ - . . . .. . - . ... 70½- 74 91¾- 93¾ 84½ · Pl½ 79¾- S<ll,4 82½- ~ UnionEl.-lst,1931'.6 94 - 95¾ 95¼- 97¾ 9~- 97¾ 97 - 99¾ *91 - 96 82 - 91½ 81¾- 86¾ 86 - 93 96 - 96 Buf.&Sus.--lst,1913.:i . ... - ........ - .... .. .. - ... . . .. - ... . . .. - . .. . 97 - P7 . ... - . .. . 96 - 96 .... - .... *97¾· 97½ 95 - 95 . Burl. C. Rap. & No.-106¼ 105 -108 107 107¼ 106¾ lOi¾-107½ 105¼-106¼ -106¼ 106 104¾-105¾ -108¼ 107 105%-107 105¾-106¾ 103¼-106)4 1st ............ ........... . :) 101¾-104 96 - Y7½ 95 - 95,97 - 98¾ <18 - 98¾ 96 - 96 97¾- 97¾ 95¼- 96¾ 95¾· 96¾ 9511:(- 96¾ 95¾- 98 93 - 98 Con11ol. lst & col. tr.:) 90¾- 93 .. . - .. .. .... - ........ - .... 105 -105 .... - .... ... . - ... . ... - ... 100 -100 C.R.I.F.&N.,lst...... ti .. .. - .... 100 -11)0 .... - .. . 101 -101 ... - ........ - ........ - ........ - ........ - ........ - ....... - ..... .. - ... ... .. - ... . ... - .... 97 - 07 lsr, 1921 .............. :) 86 - 86 . .... - .. .. .. .. - .... 105 -107 . ... - . . . . .. - .. .• ...... - ....... . - ... . .. ... - ... I.C.& w., 1st, 1909.'7 103¼-103¼ 104 -104 ... - . .. . . . - . .. . .. - •.. . .. - ...• -Oah. Coal-1st, a-.,'22.6 ... - ........ - ........ - .. . . . .. - ........ - ........ - ........ - . .. . 84 - 84 (Janada Southernlst, guaranteed ... ..... tu5½-108 107'7/4-110 108:1:(-110 11}9¾-110¾ 108¾-110¾ 110 -111½ *108 -109¾ 109 -110 109½-110% 110¼-111¾ 111 -112 112 -114 2d morta-age ........... ~ 102 -103¾ 103¼-105)4 102¾-103¾ 104 -105¾ 104 -105 104 -105 105 -106 105 -106¾ 103\14-105½ 104 -105~ 105 -105% 105¼-106 Rea-istered . . . . . . . . . . . .. . . - . . . . . . . . - . . . . . . . . - .. . . .. . - . . . . . . . - ....... . - . . . . .. . . - . . . . . . - . . . . . . - . . . . . . . - ... . 102 -102 105¾-10*· ·<lentral Ohio Reora-anlzat'n,lst.4½ 104 -10:1 103 -104½ 102¾ 103¾ 103:1:(-104¾ 104 -104 . ... - .. . 104¾-105¾ 105 -106 103!!(-104½ 104½-lC,5!14 103¾-103¾ . ... - ..• - . . . . 75 - 75 . ... - .. . Col. & C. ltd., '39.4½ .... - ........ - . ... . . - . .. . 87½- 88 85 - 88 80 - 83 87½- 89 . . . . - . . . . . . . . - . . . . . . . - . . . . . . . . - . . . . . . . - ... ·Cent. RR. & B., Ga .. ~ . .. . - ........ - .... .... 60 - 66½ 6i - 56 51 - 52½ 60 - 50 Sav.&W.,lstcon.,g.l) 32 - 34¾ 35 - 35¾ 37 - 49 47 - 51 . ... - ... 45½· 46 46 - 46 46 - 52 - .. .. .... - ... ... .. - ... . ... - ....... - ........ - . . .. . .. - ... . 35 - 36 . . Trust receipts . . . . .. . 34 - 34 ' -<lent. ot New Jersey... - .... . ... - .... 115 -115 115 -115 .... - .... 113¾-113¾ .... - .... 113 -113 112¾-112¾ ... - ...• Consol., 1899 . ........ , 112½-114 114 -115 - .... 123¼-123¾ 123½-123¾ . . .. - . .. . . .. - .... Convertible, 1902 ... 1 ... - .... 121 -123)4 . . . . - .... 124 -124 122 -122¼ . ... - . . . 123¼-123¾ Gen. DI., 198'7' ........ :) 110¾-112 112 -112¾ ll2¾-114 112 -115½ 115 -116 115\14-116¾ 113¾-116¼ 115~-117¾ 116 -117¼ 115~-117¾ 113½-115¾ 114\14-116~ 116½-116¾ 116 -lltl½ 112 -114 112 -112 -11'7 115 -115½ .115 Rea-istered .. ... • ..... ~ 110¾-112¼ 112 -112¼ 111¼-1127,1i 112 -114~ 113 -113¾ 113 -115¾ Leb.&W.B.-A11 ent, 105 -107 107 -108½ 106 -108 108½-109¾ 110 -111 108 -108½ 108¼-108% 108½-109 107 -109¾ 108 -110 106½-109 105 -108 - .... ... - ... ..... - . ..... . - ... . j .... - .. -........ 100-102 Morta-aa-e,1912 .... :J ... Am, Dock & Imp ...... ~ 108½-109 109 -111 lll -112 110 -111¼ iio¾-1i2·· W.·!14-1is· 1i2 -1{2i! 113 -113¼ 1~3 -113\14113½·113½ 114 -114½ 116 -116¼ 8 ;~":,~t~ :,~: "~":,~ ,;~":,; ; :~ :,~- ~::rl.~";;i!~-' ~~:: ,~ :,;;;, ·: : · : : ,~ :,~- : : : : :.. ;;~ :,~ ,_:~~ ;~":,;;Gold, 1896 .. ......... . 6 102 -102¼ 103¼-103¾ 104 -104½ 105 -106 105¾-106¾ 105 -106 101 -101 10(%-102:½ 102:½-103 .... - .... 102➔-(-103:½ 104 -104 Gold, 189'7' ........... .. 6 102!1(-103½ 104 -104¼ 105 -105½ 105¼-105¼ 106 -106 105%-106 lOQ¾-101 101 -103 jl03 -103¼ 103¾-103¾ 102\14-101½ .... - ... . Gold, 1898 . ........... . 6 103¼-104¾ 105 -105¾ 105\14-106½ 107¾-107¾ 106¼-107¾ 106¾-107¾ 102 -102¼ 102¾-104Js 103!),(-104¾ 104¼-104:½ 104¼--105¾ 105\14-106 - ... . .... - ........ _ ........ - ........ - ........ _ ..... ... - ... . 105 -105 106 -106 ... - . . San Joaquin Br ....... 6 106 -107 107 -107 Land 11:1·ants . .......... . :) 103 -106¾ . . - . ... 101 -101 . ... - .... 100 -100 .... - . ..... .. - •.•..... - . ... .... - ........ - ....... - .. • • .. · · - · · · · 107¾-107½ . ... - .... 104 -104 10:1½ ·105 .... - .... 104 -104 105¾-106½ 106%-106¾ Western Pac ........... ti 104 -105:½ 105 -106 106¾-106¾ . ... No, ofCal., :i0 Yet..r .. :J 90 - 92¾ 91 - 91½ 1-1½- 92½ 88¾- 91:½ 89¾- 91),,( 90 - 92½ 90½- 92½ 91%- 92¾ 91~- 94½ 90½- 92~ 90¾- 91½ 91 - 92¼ ... - ... . .... - ........ - ....... - ........ - .... . ... - ........ - .... . .. - .... . ... - ....... - ...• C,& O.Div., ext. '18.~ .... - ... 100 -100 -<lhesapeake & OhloP. mon. fund ........... ti 107¾-107¾ .... - .... 108 -108 .... - •... 109:1:(-109¾ .... - ........ - . . .. . .. - ....... - .... 108%-108% 108!'4-108¾ .. . - . •·· Serles A, a-old, 1908.6 116 -118 114¾-118½ 118½-118½ 118½-118½ .. .. - .... 117 -118 118 -118 118 -120½ 120 -120½ 118½-119 119 -119¼ 118 -120 Mol't., 1911 ... ........ . 6 115½-116 116¼-118½ 118¾-119¾ 118 -118¼ 117 -118 116¾-118 117 -118½ 11',½-119 jl19¼ 119¾ 117 -119 119 -119½ 119¾-120 1.st, con., g., 1939 ... . ~ 101¾-104 104¾-105 104½-106¾ 105¾-106¾ *104 -104½ 103¾-104¼ 103 -105¾ 104¼·107¾ 108 -110 108 -109½ 107 -108¼ 107 -108 103 -103 .... - • .. • . 103½-103½ 102¾-102½ .... - .. .. .... - .... lOQ¾-102 .... - . . .. . .. - . .. Registered. . ........... . .. 74½- 77½ 72:½- 74¾ 70¾- 74% 71 - 73½ 72 - 78){ *75¼· 77¾ 75 - 77¾ 76 - 77¾ 74¾- 75¾ 73%- 75½ 73 - 77 eneral, 1992 ...... 4½ 72 - 75 - ..... . .. - . ....... - • ·· . . .. _ ........ _ . . . .. - ........ _ ........ - .. . . .. - . .. . ... - •..• R.&A.div.,1st con2•4 84 - 8-1% ... - . ... 93 - 96% 95>~ - 96¾ 96 - 96 91 - 94 91 - 92¼ 90¾- 92¾ 91 - 92¼ 89 - 90¾ 89½- 91 let, con11ol., 1989 .. 4 84 - 85¾ 86½- 89 88½- ill 88\14· 89¼ 89 - 89 86½- 89 Si - 85 82 - 84 81 - 83¼ 81 - 81 83½- 86 85¾- 87 81½· 88 2d consol., 1989 .... 4 78¼- 84¼ 78½· 82 Cr, Val., l8t, 1940 .. ~ .... - ... . 98½- 98½ ... - ........ - ........ - . .. ... - .... 94½- 9!¾ ... - .... 99¾- 99¾ ... - .... ... - ........ - ···· . . - ... . •· ·· - ... · . .. . ... 101½-101½ ()hes. o. & S. W . ... .. . 6 103 -103 . .. . - .... ... - .... ... - .... 100 -100 L00¼-100¼ 99½·101 101 -101½ ... - ........ - .... LOO -101 1101½ 101½ 102 -108 108 -108 l~:½-109¾ Coupon off ................ .... - . .. 100 -100 101 -101 .. .. - ... . 100½-101 _ Chicago & Alton- ... ... .. - .... llo½-115½ ... - .... 116 -116 Sinking tund, 1903 .. 6 .... - . . 115¾-115½ 114:),(-lU¾ .... - ... . 114 -114 .... - .... 115 -115 115¾-115¾ . ... - ..•. 116¾·116¾ L.&Mo,R.lst, 1900. 7 ... - .... ll2 -112 113¾-113½ ... - .... 116¾-117¼ 117%-117% ll7%-117% ... . •. - .... · ·· · - ···· - .... .. . - . .. . St,L . .J.& Ch.18t,'94 7 102½-103 .. .. - ... . 103¾-103¾ ... - ... . . .. - ... . .. - .... . . - . .. -Chic. Bui•.& Nor.-lst .~ .... - .... 104¾-104% 105¼-105:½ 103 -103½ 103¾-103¾ 103 -105 105 -105 104 -104¾ lOi:½-105 102 -103 104:½-105 104 -104 I •-Chic. Burl. & QuincyConsolidated .......... , 119 -120¼ 120 -120¾ 120¾-121¾ 121¼-122¾ 122 -123 122\14-123¼ 119)4-120¾ 120¾ 121 120¼-121¾ 121½· 123 122¼-124¾ 123%-124¾ . 106¼-106¾ 105 -105 .... - .... 105¾-105¾ 106 -106 106¾-106¾ 107¼-107½ 104¾-104½ 105 -105 .... - · ··· - .. ..... Sink. :fund, 1901 ..... ~ 98½-100¼ 98¾-100¼ Debenture, 1913 ... .. :; 97¾- 98 97 - 99 99 -101 100¼-102½ 98¾- 99½ 98¼- 99½ 96 - 98~ 98¼- 99½ 98 -100 99½-101 Convertible, 1903 .. . :; 101¾-102¾ 103 -103¾ 102½ ·104½ (~0:1 -105 102¾-103¾ 103 -104¾ 103½-104 103 -104% 1n1 -101¾ 102 -103¼ 102¼-103 102 -103¼ - ... . .. .. - .. ... .. - ........ _ ........ - ........ - ... 108 -108 Iowa Div .. sink. fd ... ~ .... - ........ - ........ - .... ... - ... . 98½- 9~ 98¾-100 97½- 97½ 98 - 98 95 - 06¾ 94¾- 96¾ 96¾- 97¾ .... - . . 1919 ......... ... . ... .4 93¾· 93½ 95¾- 96½ 96¼- 97¾ 95 - 96 93¾- 93¾ 92¾- 92¾ 92¾- 93¾ 92¼- 92¾ 93 - 93 Denver Div,, 1922 . . 4 .... - . ... 90¼- 91¾ .... - .... 93½- 94!1( 93½- 94¾ 93;!,4- 94¾ 94 - 94 Nebr'ska xt.'1927.4 85½- 87 88 - 89 89¼- 91¼ 91¼- 92½ •88¾- 90¾ 88>4- 89½ 87¾- 88% 88 - 89% 88%- 89% 88½- 89¾ • 7¼- 89¼ 87 - 88¾ . . . . . . . . .. . . - . .. . . . . - . . . . . . . . - . . .. .. .. - . . .. .. . . - .. . . .. . . - .. . . . . . - . . . . 88 - 88 . . . . - . . . . . . . - •. . . . . . - . .. • .. • - .. · · Rea-lstered. Chicago & E. Illlnois. . .. 115½-115¾ 115¾-115¾ 116¾-116½ 116%-116% 113¼-116% lst, sinkin!!' fund .... .. ti 111¾-113¾ 114¾-116½ 116¼-116¾ ... - .. . 116¼·116¾ 114 -115½ . .. lstconsol., 11:old ..... .. 6 118½-120 120 -121½ 121½-122 119 -121 121 -122 123 -123 122 -123 123 -123 123½ 124 123 -123 125 -125 124>a-124¼ 9-; -100¾ 99¾-100½ 100 -101½ 98 - 99½ 94 - 08 98 97¾99 97 99¾ *97 -101¼ 101 98¾-101½ 98 - 98¼1 Gen. mo1.·t., 193'7' • •• .:) 97\14- 99 92 - 93¾ 8::J½- O! 85 - 86¼ 88¼- 90 86¾- 89 86¾- 80¾ 8d - 89 S3½· 87 82 - 85 84¾- 85¼ 83 - 84 •Chic, Gas L. & C-lst .. :; 85¾- 87 - · ··· 98 - 99¾ 99 -100¾ 98¾-100¼ 98¼-100 97:½- 97½ 95 - 95 96 - 98 97½- 98 Chtc.&ln.C'lRy-lst.~ .... - .... .... - ···· [ 99 - 99 - .... 105 -105 105 -105½ .... - .. . 107¾-107~ · .. · - .. · · ·Chic. .June.& Stk, Y ds.~ 102 -102 L02 -102¾ 103 -!03 104 -104 104 -104 106 -106 J '{)hie. lnilw. & St. P.let, P, D., 1898 .. .. . . 8 116½-119 114 -114½ 114¾-114¾ 114!):1-115 115 -116 116 -116¾ 116 -116¼ 113 -113¼ 113 -113¾ 113¼ 113¾ 113¾-113¾ 114½ l.14% 2d, P. D .. 1898 ..... 7•3 .... - ... . 120 -120 120 -120 120 -122 120¾-120,r.! 120¾-120¼ 120 -120 122 -122 . ... - ... . 118½-120 .. .. - ... 120 -120 l11t,gold, R, D,1902., . .. - .. . . 123 -123 126 -126 126¾-128 126 -127 126 -1~7 123 -123½ 123)4-123¼ 126 -126 126 -127 127 -127¾ 126 -127 . ... - ... . .... - ....... - ....... . l11t, ll•, R.D., 1902.£7 .... - .. .. 120 -120 ... - . .. . .. - ....... - ....... - ... 1st I, & M, Div ........ 7 112¾-115¾ 115¾-116¾ 119½-121 l:clO -120½ 116 -116 .... - .... 113 -114 117 -117 .••. - ....... - . . .. ii8%-li8¾ 118¼·118¼ 1 · = ~~ =~~ btl,&D.Div ........ , .... - .. ..... - . ... 119 -121 120¾-120¼ ... - .... 128 -128 ... . - ........ 126 .. . . . . .. . . lllt C, & DI. Div .... ... , .. .. - .... 124 -124 127½-128 127 -127 126¼-126¾ . .. . - .... 125 -125 . . . ·Consol., 190:i ......... , 127 -127 126 -127 1217,(-129 130 -130¼ 128 -129 128;(-129¼ 126 -126 126 -127 ~-129¾ L':ll -131 130¼-130¼ •·· - •·· ... - ... ..... - . . .. ... - ·· 1st I, & D. Exten . .... , 127 -130 128 -128 130 -131 131 -131¾ 131 -131 131¾-131½ ... - •.. .. - .... 129½-130 l11t So. West. Dlv ..... 6 112 -113 .... - •... 114 -114 113 -1 ...5½ 115¼-116¾ 113½-116 .... - .... . ... - . .. 113 -114½ 115 -117 116¼-116¼ 117¾ ·119¾ ·1st La C. & Dav ...... :) .... - .... ... . - ....... - .... . . - .... 106¾-106~ 106¾· 106¾ .... - ... . 105 -105 105 -105¼ .... - ....... - .... 107¾-108~ .ut So. Dllnn. Div . .... ti lll¾-113½ 113 -114½ 115 -116¾ 116¾-117 116 -117 117 -117¾ *114-114½ 114 -115 114 -115 115¾-118¾ 118 -118¼ 118 -119 ht H. & D. Div ....... 7 .... - . . . 12:J¾-123¾ 124½-12i¾ 126 -127 127 -128 129 -129¼ 123 -123 124 -124~ 125 -125!):1125¾-126 126¼-126¾ 127 -127 1st H. & D, Div .... .. ~ 104 -104 .. . - . ...... . - ... . 104 -106 106¼-106¾ .... - .. .. ... - . .. .. .. - .... 105½-106 106 -107 107½-108 · · .. - •• · · Chic. & Pac, Div ...... 6 116 -115 116½-117 116½-116¾ 119 -119¾ 119½·120½ 120 -120¾ 117¾-117¾ 117 -118 118½-118½ 119 -119¾ 119¾-119¾ 118½-119 Chic. & Po.c. W, Div .6 *107 -108 lO'i¾-109¾ 108¼-110½ 110 -111¾ 110¾-111¾ 110¾-111½ 108 -109 108½-109¾ 109¾-110¾ llO'J.li-111¾ 112 -112¾ 112¾-114 ... - .... 105 -105¼ 106 -107 107 -108¼ 107 -107M <Jhtc. & Mo • .R. Div .. ~ 101¾-102¼ 102½-102¾ ... - ... 105¾-106 100½·106½ 107½-108¼ 106 -106 Mineral Point Dlv ... 6 102),(-102¾ 102¾-102¾ 103½-104¾ 105 -106½ 106¾·106¾ ... - .... 104 -106 104¼ 106½ 105 -106¾ 105¾-106¾ ... . - .... •··· - ··•· 105¾-105¾ .... - ... . 106¾-100¾ . ... - . . 107¼-108 108 -108 Chic. & L. Sup, Div.~ .... - . ... 106 -106 .... - .... ... . - .... 106¾-106½ Wis.& Dlln. :Div .. ... .6 104 -105 107 -107 11or~-l08 107~-10'1% 108¾-109 101 -109 1105 -106 1101 -107 !108 -108½ 108¼-109 108!'4-109¾ 109 -110 Terminal. ... ......... . :) 106 -106 ,H73'-l08 108 -108½ 108¼-109 108)4-109>( 109 -109½ 105 -107 107½-107¾1109¾-110 1110 -110¼ Lll -111 111oJ,fi-lll Dakota & Gt. So • .. . [5 104 -104 1oz;kl0¼ 1033'-104½,103 -106¾ 107 -108 l00½-106~ ... - . . . . ... - .... 104 -105¾ 107:½-107½ 107 -107¼ 107¾-1~ ·I.... - ... .... - ... ····1··· - ... =....... =.... ::: =:::· :::~:'!~:·t:.~~~!6·:: Fargo & So., ass'd ... 6 * Ex interest. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 1: =1:½ .~ =~~ .~~= ~~~1·~~.¼~ ~~~. .. - ... . ... - .... .. . . - .. . .. .. . ~¾= ~~~ .~~.½= ~~~ ~. =~~~ .~~.¾= ~~··'1 ·~¾= ~~~1.~~. =~~~ ~~. =~1~ . .. - ... .. ... - . . . . . .. . - . .. .... - .... 116 -118 ~26 =~~ .. 9~. .... - .... .... - .... • •· • - •·•· RAILROAD ? 3 BO D . 189il-Contioued. BONDS. ----------- JANUARY FEBR'RY. MARCH. APRIL. MAY. JUNE. JULY. AUGUST. SEPT'BER. OCTOBER. NOV'BER. DEO'BBU. - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -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.Hi,ih Chic. & Northw.uo -lU 133¾-14.0 U0¼-14.0½ .... - ..• 14.0¼-14.0¾ UO¼-lU 14.Q¼-14.3 U5 -14.5 14.2"-U3 Con ■ ol., 1915. ·······" 188 -139!)4138¼-U07-i 139 -lU Gold, coup., 1902 .... , 121½-122½ 122¾-124 123¾-125 124.¼-125¼ 125¼-127 122!':(-122¾ 121 -121½ 121¼-122 121¼-121¾ 122 -122¾ 123¼-126 121 -121" - ... 121 -121 122¼-125¼ 120¼-120~ Gold, rear., 190~ ...... 1121 -122 122 -123¼ 128½-123½ 122¾·123¾ 121¼-~¾ 121 -121¾ .... 120 -120¼ 117¾-118 118¾-118½ 118¼-118¾ ~lnkln,:fund,coup .... 6 116 -116 117 -117 118 -119 120 - 121 .... - .... 118 -118 120 -121 - .... 117 -117 . . . - .... 116 -118½ 11~-117'4 Registered ............ . 115 ·115 .... - ........ - ... ..... - ........ - .... . ... Sinking fund, coup .. .:S 1077~-109 108¼-111 110 -112 108¼-110 107¼-110¼ 100 -110¼ 111¼·111¼ 112 -112 111 -111½ 109¾-111 110 -110 110 -110¼ - .... 108 -111 107½·109¾ . ... - ... . .... .L09½ 109 108¾-109¼ .... ........ ...... . . .... Registered ............. - ... . 110 -110 106 -109¾ Debenture, 1933 ..... t\ 106¼-109 .... - .... 110½-112 112 -112½ *108 -110 111 -111 111 -111½ 110½-110½ 111 -111 Reglstend . ........ . . 5 104 -107¼ .... - .... 107 -107 .... - .... 107 -107 107 -107 .... ~:i yrs, deben., 1909.5 104 -108 105¾-106½ 106 -107½ 108¼-109 104¾-106¾ 105¾-106¾ 105 -106¾ 106¼-106¼ 106½-107 107 -107¾ 105 -105 105¾-106¼ - .... •103 -105 Regfsrered ......... .. :i 104 -104.¾ .. . - . .. . 30-year deb., 1921 .. 5 107 -107¼ 106¼-107½ 107¾-109 107¼-109¾ 10~-107¼ 107¾ 108 107¾-107¾ 107¾ ·107¾ 107¾-108 *105¼-108 106¾-1~ 106¼-107¾ Registered ............ .. . . - .... 107¼-107¼ ... - .... 104¼-107 .... - ...... .. - ....... 99¼-100 .... - • . . . •• - . . . . 98 - 98 100 -100 100¼-100½ 100 -103 102¾-102¼ 102½-102½ Esten. bonds, 1926 . .4 97 - 97 98 - 98➔.! 99 - 99 Reaifstered . . ..... ... 4 95 - 95 .... - . . . . . .. - ... . 111¾-113 112 -113 113½-113½ 114¼-114.¼ . . . . Chic.& Mil.-lst ...... 7 . . . Winona& St. P.-!ld.7 . ... - .... 128 -128 .. .. - .... L28¾-128¾ 127½-127½ .... - ........ - .... lU -114. . ... - •....... Mllw. & Mad., 1st ... 6 . . .. Chic. R. I. & PacificCoupon ..... ............ . 6 123 -125 125 -127 127 -127 126 -129 126¼-127¾ 127¾-128 125 -126 126 -126¾ 127¼-128 127¾-128 129 -130¼ 130¼-131 - . . . . . .. - .... 126\1:(-126¾ 127¾-128 Rea;istered ........... . 6 121¾-122 .... - .... 124¾-12i!J4 126 -126 127 -128 124¾-125 Esten. & Collateral.5 *97¼- 99¾ 99¾-100 99¾-102¾ 102¼-104¾ 102½-103¼ 101¼-104 100¼-101½ 100¼-102 100\ki-101½ 100"-103 103 -104 103~-104.'4 99¼-100 100 -100¾ 101¾-101\1:( 102 -102 99¼-101 101 -101 102 -102¾ *99¼-102¼ 99½-100½ 100 -101 Registered ...... .... ~ 96¼- 98¼ 98¾- 99 88¼- 91¼ 89¼- 92¾ 91 - 91" Debenture, 1921 ..... 5 92¼- 93¼ 93½- 95 *92 - 94. 93¾- 95 92½- 93¼ 90¼- 92 90¾- 91½ 91 - 91:7Ai 88½- 90 97 - 9~ 97½- 98 97½- 98 99 - 99 . . . . 98 - 99¼ 98 - 99 . . . . 99 - 99 95 - 95 92 - 92 Keok. & Des M., 1st.~ . . . . 57½- 67½ 57¾- 57¾ 51 - 52½ 50 - 50 50¼- 51 D.M.&F.D.lst'0~.2½ . ... 83 81½80½ 78 1st, 190'5 .. ....... . .. . 4 .... 80 - 80 80 - 80 Es:tensfon, 1905 ... 4 .. .. - .....••• - ...• - .... lU -114. - ... 114. -114. .. .. - •... 114. -114. Chlc.St.L.&Pitts-bt.:S 110 -110½ 112 -112 113 -113 Chic. St.P. Min.& Om.Consol., 1930 .... .... . 6 119½-122¼ 123¼-124 124 -125 125 -126½ 126½-127½ *124 -125¾' 126 -125 124¾-126½ 124½-126 127 -129¼ 129 -129¾ 125¾-127}4 Chlc.St.P.&M.-lt1t .. 6123 -124¼ - .... . ... - ... ..... - ... . 129½-129½ 129 -129 129 -129 - ... 129 -1297,( 126 -127 . . . . St. P.-& S. Clty-lst .. fi 124¾-126 125¾-126½ 127 -127¾ 126 -127 125 -126 126 -127 127 -128 127¼-127¼ 125¼-127 127 -127½ 129 -129 129 -129 Chic. & West. Ind.Gen. mort., 1932 .... . 6 115¼-116¼ 113¼-118 116 -117 118 -119½ 119½-119¼ .... - .... 117½-117¾ 117¼-117½ 116½-116½ 116¾-118 119½-119½ . ~ .. - ........ - ....... - .... 107 -107 1st,&. f., 1919, gold.ti .... Cln. Ham. & Do.ytonSinkina- fund .......... , - .. •. 119½-119¾ .... Cin. Do.y. & Ir. 1st... 5 94. - 96 95½- 96~ 96½- 98¼ 98½-101 "97½- 99½ 98 - 98½ l'7½- 98¾' 97¾-lOO½ 98!1,!-100 99 -101 •gs -100¼ 100¼-lOl¾ 92 - 93½ 93½- 93¼ 917,(- 93¾ 93¼- 94. - ... . 90 - 90 94 - 95 .... C. I. St. L. &Ch.-lst.4 95 - 95½ 95 - 96 94.½- 95 Reaistered . . . .. . . .. . . . . . . . 96 - 95 ... . .... 105 -105 . ... 103¾-105 Cln. Sao. & C,1.-lst .. . ~ .... - ... 105 -10[> 105¼-106¾ 106 -108 .... lv5¾-105¾ . . . . ~ ... (Bait.) City & Sub. 70 - 70 .... 75 - 77 75 - 79 70 - 70 Cleve. & Canton-lst.5 80 - 84 81 - 81 75 - 75½ 74. - 78 80 - 85 78 - 78 Clev. Cln. Ch. & St. L.81 _ 81 Calro Div., 1st,' 39 .. 4 . . . 90 - 90~ 90 - 91 91¼- 91½ 91¼- 92 90 - 90 90¼- 91 90 - 90 - . . . 90 - PO St.L.Div., 1st, 1990.4 92 - 92 - .... 88 - 88 .... 90 - 80 90 - 90 - .... 84 - 86 W. Wat.V. Dlv.,l ■t.4 .... C.C.C.&I.-Ist,s.td .. 1 113 -lLl lUM-115 115¼-115¾ .... - .... 11$¼-114. 113:J.(-113¾ .... - ... lli¼-114.¼ 114.'¼-114¼ .... - .... 112 -112¼ 112½-112¼ - .... 122 -123 122%-122¾ .... General cons .... ... . ti 117 -119 117½-119 118½-120 120 -120 122 -122 123 -123 ...• - .... 110¾-110¾ . ... ... - .... 109½-109¾ Cl. & M. Val.-1938 .. :i .... 98 -100 . . . . 98 - 99½ 99 -100 93 - 94 Col. Coal & I.- lst,con.6 95 - 97 . . . . - . . . . 96¼- 97 95 - 95 93 - 93 Colorado Midlandlst, aold .. ............ .. 6 . .. . 78 75 80 76M.•.• '76 - 11½ 73½- 75 .... - ••• ..... 72 - 72 74½- 78 Consol., gold, 1940 .. 4 29 - 32 28 - 30½ 28 - 32½ 29¾- 32¾' 27 - 30 21¾- 30 18½- 21 24. - 24 26 - 26 19 - 25 20 - 25½ 19 - 21 C.H. Val. & Tol.-lst.5 86½- 90 89:14- 91 *86 - 88¼ 83¼- 87 81¼- 85 83¾- 85½ 83½- 85 85¾- 94¾ 94 - 94. 87¼- 90 89 - 91½ 89 - lll~ Gen. gold, 1904 ...... 6 87 - 90 89¾- 92½ 89~- 91½ 88 - 90½ 89 - 89 86 - 86~ . . . . - . . . . 84½- 94. 90 - 91¾ 92 - 94. 93 - 95½ 89 -90 - .... 104 -104. .. - .... .... Consol. Coal, conv..... 6 .... - ... f>H 81¾'83½ SO½.82 80 83¾ 83 80 83 82½ 82¾ SL¼81¼ 82¼81¼83½ 82 82¾82 Consum.Gaii(Chic)lst.~ 83 - 83~ 85½- 86 Del. & Bud. Canal.Coupon, 1894 ... ...... 7 1041,(-105½ 10574-105½ 105 -105¼ 102 -102½ 102)4-102½ 102¾-102½ 102¾-102¾ 1027~-103¾ 103¾-103¾ .... 102¾-102¾ 102.¼·102¾ 102¾-102¾ 103¾-103¾ 103¾·103¾ .... Reaiistered .. ......... 104¾'-104½ .... - ... 101¾-101¾ ... Penna.Div.-Coup .. . , .... - ... . 142 -142 .... - .... 141 -14.3 143 -143 . . .. - . . 14.0½-140½ 143 -143 .... - ....... - .... 144.½-1«¼ . ... . . .. - .•.. 129½-129¼ . ... - .... 130 -131 131¼-132 128¾-128¾ 128½-130 129½-130 -131 129 .... .... A.lb. & Suitq.-lst, aiu . 1 128¼-128½ - . . . . . . . . - .• , . ... 128½-128½ .. .. - . . . . . . . . Registered . . . . . . . . . . . . .. . . 119 -119 .... - .... 119 -119 . . . . 117¼-119 120 -120½ 119½-120½ .... 119 -119¼ 119¾-119¾ . . . . 1st coup., aiuar ...... 6 . ... - • .. . 116 -116 118¾-118¼ Registered ........... ... , - .... 117 -117 1197,(-119¾ . . . . Rens. & Sar.-lst .... 7 1« -144. 144 -14.4 Registered . ...... . ..... w -14.4 144. -144 f Del. Lack. & West'nMortgaa-e, 190'7 . ..... , 132¾-132½ 132¾-134. 130½-130½ 130½-130¼ 131 -131¾ 132¾-133½ 133½-l:s3½ ... - .... 132 -132 131 -132¾ 132½-133 ... . - ........ Syr.B'n & N. Y,, lst .. 1 130 -130 .... - .... 128½-130 127½-127¼ 129 -130!,,.i 130 -131 129 -129 .... - .... 131¼-132 Morris & Essex-1st., 188¼-140 140.¼-140)4140½-141¾ Ul -141 140 -141¾ 140 -14.1 142½-142¾ 14.2,4-142)4142 -14.2 U7 -147 142 -14.4½ .... - ....... - . .... ... Bonds, 1900 ........ , .... - ... . ... . - ... . 114 - 114¾ 115¾-116 116 -116 .. . - ... 118½-119 119¼-119¼ 123 -123 18'71-1901 .. . ........ 7 119¾-120 121 -121 .... - .... 118½-118½ 119¾-119¾ 120 -120 120¾-120½ .... Consol., guar......... , 129 -139;l:f 139¾-139¼ 139¾-14.0½ UO,¼-lU 140¾-141½ 138 -14.0 138¾-139 139 -140 141¼-14.2 141½-14.3¾ 142M-14.3½ 139¼-139¼ - .... 134. -134.½ .... - ... . N. Y. L. & W.-lst .... 6 127½-128 128½-129½ .... - .... 131¾-132¼ 132¼-133 134. -134. 130 -132 132 -133 133 -133 - .... 114.½-114½ 115 -116 116¼-116½ . .. . - .. . - .... 1U%-113¾ .... Construction .... . ... 5 112¾-112½ •no -112 . . . . - .. . . .... - . ...... . - .... 111%-111¾ 116½-116¼ - ... . .... - .... 117¾'-117}4 .... Warren, ~d, 1900 ... 7 .... Denv. & Rio Gro.nde- ....... . - .... 113 -113¾ 113¼-113½ .... - .... 114 -115 .... - .... 115¼-115'¼ 113 -113 113½-114.¾ lst ....................... 1 .... 79.¼- 80¼ 8°"- 83¾ 81~- 83 71½- 74¼ 71 - 72¼ 72 - 79½ 79!):(- 80 New consol, 1936 . . .4 75 - 77½ 73 - 77¾ 73¼- 78 76¼- 79 72"- 77 76½- 76½ 76¾'- 76½ 76¾- 80 73 - 73 lmpt,, gold, 1938 .... 5 .... 50 - 50 .... 56 - 57 - . .. . 60 - 60 66 - 66 65 - 65 Detroit Gas, 1918 .... . ~ .... 56 - 55 Det. Mack. & lUarq.24.½- 27½ 23 - 23½ .•.• 23 - 25 25 - 25 22 - 25¾ 25 - 25 Land arant........... 3¼ 23 - 24 23 - 26 23 - 23 ...• 23 - 23 Det.B.C.&Alp.-lst .. 6 60 - 60 94 - 94. Duluth & I. R.-ht . .. ~ - . . . . 90¼- 91¾ 90¾- 90~ - • . . . 92 - 93½ . . . . Dul.S.S.&Atl.-1937.5 96 - 96¼ 93 - 93 95 -100 99 -102 100¾-100½ 100 -100¼ 95 - 95 98½- 98½ 96 - 99 100 -100 100 -100½ 98 - 98 E. R. Gas-lat, 1942.5 89 - 90 90¼- 90½ . . .. E. Tenu. Va. & Ga.1st ............ ............ 1109 -109 109 -110½ 112 -112 107¾-112¾ 112¼-113 113"-116 111 -112¼ 112¼-113 113¼-114.½ 116¼-116¾ .••. - .. 116¼-116 - ........ - .... 110 -110 110 -110 112 -112 111¾-111½ ...• - ........ - ........ - •.•• Dlvl11lonal . ............ -~ 100¼-100¼ 106 -106 .... 97¼- 98¾ 97¾- 98¼ 97¾-104½ 103¾-105 104¾-107 *103¼-105 104¼-105 97 -101½ *97¾- 99 Consol., ht, 19ii6 .... ii 86½- 93 88¾- 89¾ 90 - 99 1;r:~~-r~~!~P~!::::::~ :::: Equip. &lmpt., g .... .... - ···· 40 36 =~~ .. :::: = :::: :::: = :::: :::: = :::: 52. =52··1·52·½= 52¼ M =5~ .. :::: = ::·: :::: = :::: 0 U .. - ••. . ... 71 - 71 .... - ... .. ... - .••.•• . - •... 8ZJ,(- 82¾ 81¼- 88 86 - 88¾ 87 - 89 ~ Knox. & o.-lst, g ... 6 96 - 96¼ 99 -100 99¾-105 106 -101" 101 -108 109¾-110 ...• - .... 107½-112 111 -111¾ lll¾-114¼ 114.¾-114." 114.¾-116 - .... 110½-110¼ ...• - •.. , Alabama Cent,, lat .. 6 .... - . ... 83½- 84¾ 81¼- 84. Reora. llen,193S.4•ii . ... Edl11on E. III. Co.-lst.ii 102¾-105¼ 105 -105:Jt *02"-105¾ 105 -107¾ 105¾-107½ 106 -107 105¼-107 1061}4-110 107 -108 107 -108 107 -108¾ 107¾-1~ Ellz. Lex. &Blir. 8 .... 6 96 - 99 98 -100¾ 97½- 99~ gg -100 99 - 99¾ 98¾- 99 97½- 98¾ 97¼-101 99 -100¾ 99 -100 99 -100 99 - 99!:( Ex-interest. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis - RAILROAD 74 BO rn '. 1894-Continued. JANUARY FEBR'RY. MAR011. APRIL. ~AT. JUNS. JULY. AUGU8'l'. 8EPT'Bll. OcTOBEii. NOV':BER. DEO'BER. BONDS. ___________ Lo __ w_.H_ig_h Low.High Low.High Low.High Low.High J,ow.High Low.High Low.High Low.Hi1rh Low.High Low.High Low.High 1 94 - 98 94 - 94 95½- 95¾ 95 - 95½ 95¾- 95¾ . . . . - . . . . 97¾- 98 - .... 98 - 95 Eqult. Gas. & F.-lst .. 6 96 - 96 93 - 94 .... - .. . 112¾-112¾ .. .. _ .. .. - .... 111 -111 . . .. - .. . . .. .. J:quit.GasN. Y .-1932.5 107 -107 . . . . - .... 107 -107 Erle & Plttsb.-con .... , .... - ........ Erle.... 107¾-107:1( lat, Ext., 189'7 .... .... , 109¼-109¼ 110 -111 lll¾-111¾ 112½-118 108¾-109 109 -109 1~-109}( 109¾-109¼; .... 115¾-115¾ 115 -116½ 2d, Ext., 1919 ......... 5 .... - .. · · .. . - .... 112 -112 .... - .... 118¼-114 .... - . .. 115 -115 .... - .... 112¾-115 3d, Ext., 1923 .... ... 4Xi 109 -109 110 -110 108 -108 108¾-109 . ... - .... 108¾-110 108¼-109 109 -109½ .... - .... 108¾-108¼ 108½-109 109¼-109¼ 4th, Ext., 1920 ....... :i 110½-110½ .. .. - .... 112 -112 110¾-110¾ .... - .... 112½-112¾ . ... - .... 114 -114 .... - .... lll½-112 113¾-114¼ 114 -114¾ - .. 100 -100 .. .. - .. .. . . . . - .... 103 -103 100¾-101½ ~th, Ext,, 1928, ...... 4 {/>1 - 99 lOl -101 100¾-100¾ .. .. - .... 102¾-102¾ . . . 1st, consol., a-old ...... 7 131½-133~ 134 -135 132 -134¾ 135 -187 182¾-136 138 -134¾ 133 -183¾ 133 -137 131¾-133¾ 133¾-135 , 133 -134¾ 130½-133 1st cons,, gold, fund. '7 128 -128 132 -132¾ 133 -133 - .... 128¾-128¾ 128¼-130 LongJ:ockcons,'3a.6126 -126 127 -128 127 -128 125 -127 129 -129 . . . . - .. .. . . .. - ... . 138 -138 134¾-134¾ - .... 128 -128 . . .. Buff. N. Y. & E,-ht. '7 128 -128 .... - .... 128 -128 130 -130 N. Y. L. E. & West.~d consol.. ............ 6 74¾- 78¼ 76¾- 83 8~- 86 78 - 82 72 - 78¾ .... 71¾- 72¾ 75½- 77½ 77 - 78 72¾- 72¾ 70¾- 78 64 - 67 •, Cei·ts. of deposit... . .. . - .. . . . . . . 85 - 85¾ .. . . 70 - 77½ 70¾- 7! 72 - 73¼ 71¾- 76¾ 75 - 77 70 - 75½ 70¼- 77 64 - 68 Collat.trust, 1922.6 110 -110 - ........ - .... 105¾-105½ .... ... - .... 101¾-101¾ .... Fund.coup,.1969 ..... :i 69¼- 70 70 - 74 76 - 82½ .... - .... 70 - 70 .... - .. .. 67½- 67½ .... Jefferson RR.,lst,g.5 .... - ... - ... . .... - ........ - ...... . - .... 100 -100 Ohle. &E., 1st, g .. 4-a 95¾- 98 96 - 97 96½- 99¾ 99¾-101 95¾- 95½ 91¾- 94 .... - .... 95 - 95 95:1(- 96 95¼- 977/4 93 - 95 84 _ 88 Income, 1982 . ......... 31½- 35 83 - 33½ 32¾- 33½ 33¼- 35¼ 32¾- 32¾ .... - •... 27½- 27½ 30 - 30 80 - 80 - .... 26 - 28 25 - 26 Reorg, 1st lien, '08 .. 6 .. . . - . .. 104,¼-105 .... Eurekn.Sp,-lst,'33 .. 6 .... - ........ - ... 95-95 J;v. & Rich,-1st, '31.~ .... - .... 60 - 60 . ... - •... 56 - 56 .... - .... 40 - 40 .... Trust receipts.......... .. . . - .. . . 25 - 25 . .. . - .... Evans. & T. H.-Cons.6 111 -112 111¼-113 110 -112 110 -110 .... - • .. 110 -110 .. . . - ... . 105¼-108 .... - .... 105 -105 - .... 10?¾-1073' 1st, gen., 1942 ........ a .. .. - . . .. 95 - 95 .. . . .Fllnt & P. Mar,-lllort.6 U4 -114¾ .... - •.. . 114 -116½ .... - .... lH¾-115½ 115 -115½ 115 -115¾ .... - .... 115¾-115¾ .... - . . . 113 -113 .... lstcons.,g,, 1939 ... :i .... - ... . 90 - 90 . ... - .... 90 - 90 •··· 88 - 88 85 - 85 Pt. Hur. Div,, 1st . . .. :i .... - .. .. 91 - 91¾ 88¾- 90 85 - 85 ...• - .... . ... - .... 87½- 87¼ .. .• - .. .. Fla.C.&Pen.-lst,g.O .... - ........ 94 - 94 .... - ....... - ....... Ft.W.&Denv,C,-1st .6 66 - 74¾ 73 - 74½ 74 - 79¾ 76 - 79¾ 73¾- 76 70 - 73¾ 65}:(- 69½ 67 - 76 72:1(- 77 71¾- 74¼ 71 - 75½ 72¾- 74~ Ft. W. & Rio G.-lst.. a 59¾- 60 60 - 60 60¾- 60¾ . • • . - .. . . 60 - 60 59½- 59¾ 59 - 59 58 - 59¾ .. .. - • . . . 58 - 58 Galv, H. & H. of'S2.. ~ .... 64¾- 85 - •... 70 - 70 65 - 65 65 - 65 - ....... . Galv. Hai•. & San An.96 - 96 100 -101¼ . . . . - .... 100 -100 .. .. 97 - 97 96 - 96 - .. . . 98¾- 98¾ lat, 1910... .... .. ....... 6 .... 98 -100 96¾- 96¾ . ... 90 - 98 99 - 99 97 - 98 99 -100 •961.e-101 ~d, 190:i ................ '7 .... 91J,(- 92¾ 90 - 91 90¼- 91¾ 91 - 92 90¾- 92¾ 91¼- 92¾ 92¼- 93¾ *90 - 91¼ 90¾- 92 M. & P. Div., 1st ... . ~ 90¼- 91 90¼- 90½ 90~- 92 Gen.Elec.-Deb.,1922.~ 68 - 73½ 72 - 81 80%- 85 83 - 87½ 86 - 89 *85¾- 87¾ 85¾- 88¼ 88 - 95 893,li- 90¾ 86 - 89 89 - 92 89 - 93J,,( - ... . ... . • - ... . 110¾-111 111 -113 Ga. Pac.-lst,1922.a-6 .... - .. . . 84 - 85¾ Sfl¾- 86¾ . . . . - ... . 82¼- 82¾ .... Ga. So. & Fla.-lsr, g.6 78 - 78 . ... 91~- 91½ . ..• Gr. Riv. C. & C,-lst .. 6 .... Gr. Bay Win. & St. P.lst, con., g,, 1911. ... ~ .... - .... 59¾- 65½ 60 - 62 62¾- 62¾ 60 - 63 ... 2d, income ... ................ 20 - 22 12 - 12 9¾- 12¾ 10 - 15 .... 10 - 10 6 - ~ Han. & St. Jo.-Cons. 6 115¼-117 ll7 -119¾ ... . - .... 116¾-118 118- 118¾ 118¾-119¾ 119 -119¼ 119%-120¼ 117¼-119 118¾-119¾ 118¾-120¾ 120 -120 Henders'n R'dge-lst.6 .... - .... 108 -110¾ .... - ... . 110 -110 . . .. - .... . ... - ........ Bo. L. & 1.-1910, g .. ~ 102 -102 .... llousat'c-Con.,1937 .. a .... - .... 115 -115~ t17 -117 118 -118 116%-116¾ 117¼-117¼ .... - .... 115¾-115½ . ... N. H. &Derby, con.,5 .... - .. ...... - ... Hous. & Tex. Cent.1st, gold, 1937 ...... . a 101 -102½ 102 -103½ 103½-107 105¾-10? 105 -105¾ 105½-107 103 -103¼ 102¾-105 103¾-105 104 -104% 104¾-105¾ 105½-1~ Consol., gold, 1912 .. ti 100 -102 108 -103 101 -103 101 -103 - . ... . ... - .. . . 101 -101 101 -101 100 -101 99,-s-100 99½-100 100%-102¼ General, gold, 1921.4 60 - 63 62¾- 63¾ 63¾- 66 64¾- 65 61¾- 63¾ 61¾- 64 62¾- 62¾ 62 - 63¼ 63¾- 66¾ 63 - 64 62 - 63¼ 62 - 63 Debenture, 189o/..... 6 92 - 92 88 - 88 93 - 93 - .. .. 90 - 90 . .. - . . .. .. .. - .. . . 90 - 90 Debenture, 1S9'7 ..... 4 81¾- 81½ .... - . ... 82 - 82 - ... . .... - .... 83½- 86½ .... 86 - 86 Illinois Central98 -100 100 -10◊,( Gold, 19~1. .......... 3½ .... - ... . 95¾- 96½ 95 - 97¾ 93¾- 97½ 98 - 98 .... - .... 98 - 99 l00½-100½ .... Regh1tered. . .. .. . .. . . . .. - . . . .. .. - . .. . 96 - 96 .. . . 97 - 97 lat golll, 1951 ........ 4 106 -106 ... - .... 110 -110 109 -109¼ 109 -109 .... - ... . ... - .... 108 -108 .... - .... 108 -110 Gold, 1952 . ........... . 4 .... - ... . 100 -101 .... - .... 101¾-102 100¾-100¾ 100%-102}( .... - ... . 101½-103 103 -103 lQO -100 . ... - · Gold, 19a3 ... . ....... .. 4 95¾- 95¾ 95¾- 95!,( 97¾- 977/4 97%·101¾ 98 - 99 97¾- 98¼ 97¾- 98¼ 98 -100 99 -100¼ 100 -100¾ 98 - 99 98 - 99 Springt. Div., 1958.6103½-104½ .. .. - ... . 105¾-105¼ ... - ... . 107 -107 .... MiddleDiv,,1.·ea-.. . . 1) .... - .. .. .... - ........ - ........ - ... . . . - ........ - ... . 113 -113 .... C.St.L.&N.O.-lst,c.7 110¼-110¾ .... - .... . .. - .... 112½-114 110 -112 - .... 108¼-108¼ .... Tennessee lien . .... . , .... - ........ - .... 111¼-111¾ .... - .... 108¾-108½ .... Gold, coup .. ....... ~ .... - ... . lll½-112 ... . - .... 118 -113 116:)4-118 115¾-117¾ 113½-113¼ 115 ·115 115¼-115¼ 117 -117 ll'i¼-11™ 116 -116 Registered ........... 111 -111½ . . . . - .... 115 -115 Memp. Div,, lst,ir.,4 .... - . . . . . .. - .. .. 97 - 97 99 - 99 .. . . - ... .. ... - ... .. ... - .... 99 - 99 99¾- 99¼ .... Dub. & S, C .. :Jd dlv.'7 lOQ¼-100¾ 101 -101 . ... - .... 103 -103 .... - .... . ... - ... 108 -110 Cedar F. & M.,lst ... '7 90 - 90 .... 93 - 93 93¼- 93¼ . ... - .... 100 -103 .... Illinois Steel- 1 Debentures, 1910.. a .... - .. .. 85 - 85 85 - 85 ........ Non-conv, deb., '10 .. ~ .... - .... 84¾- 85 .... {nd. Ill. & Iown-lst .. 4 78 - 80¾ . ... - . ... 80 - 80 .... .. .. 79 - 79 79 - 79 .... - .... 79 - 80 77½- 77¼ Ind. D. & Spr,-Tr. rec. . .. - .. .. 122 -122 121 -121 120 -120¾ 118 -120 112 -118 . . . . - ... . 110 -115 115 -119 lnt.&Gt.No.-lst,'1.96 110 -111 110 -110½ 110 -111¾ 113 -116 •112 -113 112 -112½ 110¼-110½ 109¾-112¼ 112¾·113¾ 114 -116 113½-117 116¼-118 2d, 1909 ........... 4½-:i 63 - 64 66 - 67 *61 - 62 68 - 68¾ 68 - &i 60 - JO 60 - 62½ 62 - 68 66¾- 67½ 67¾- 68½ 68¾- 72 70¾- 72 3d,1921. .............. 422½-22½ .... 28-28!1( .. .. - ........ .... - .... 25-28 25-28 lowa Cent.-1st, gold .. a 86 - 88 87¼- 88¾ 89 - 93½ 93¾- 95 92 - 94¾ 90 - 91½ 90 - 90¾ 89 - 92 92¾- 93 90 - 91 89 - 90½ 85¼- 87¾ Kan. & Mich,- ! 990 .. 4 75¼- 75½ 75 - 75 74 - 77¾ 74¼- 76¾ 73 - 75 73 - 7!!¾ 73½- 73¾ 78¾- 74¾ 74 - 76 *72½- '15½ 75¾- 77¾ 76½- 78¾ l[entucky C., 1987 ..... 4 82 - 82 83½- 84 84 - 84¾ 84 - 84½ 84 - 85 84¾- 84¼ 82¾- 82½ 82 - 83 ...• - .... 82 - 82¾ .... - ... . .... Kings Co. El,-ht, A.Ii 79 - 80 79¾- 79½ 80¾- 81 81 - 85 84 - 84¾ 83 - 84 .... - ... ... .. - ........ - ... 78 - 78 67 - 67 65 - 70 Fulton .M., 1st, guar.:i 75 - 75 75 - 75 78 - 78 80 - 83 .. . . - .. . . ... - . . . . 75 - 75 .... - .. .. .... - ........ - ....... . - ... . .... Lael.Gas, St. L,-lst, g./i 81 - 85 *82¾- S t 83¾· 86 86 - 89 85¾- 97 86 - 86¼ 86¾- 88½ 86~i- 89 88 - 89 88¾- 89½ 87¾- 90¾ 90 - 9t Lake Erle & w.-lst .. /i 110½-111 118¼-113~ 113¾-114¾ 114¼-115¾ 114 -115½ 114¾-115¾ 113½-113¾ 118¾-115 113½-114 115 -115¾ 113½-114 114 -11~ 2d ............. ....... .... a 4'97¾- 98½ 98¾-100 100 -102 101¾-102¾ 100½-103¼ 1101 -103¾ 102¾-102½ 103 -104 102 -108 103 -103½ 103½-104 103½-105 {.,. Shore & Mich. So.Dividend ............... . '7 114 -11.4 . ... - ... . 115¼-115¼ 113¾-115 113¾-118¾ .... - ........ - ........ - .... . ... - . . .. 113 -113 Baff. &Erie-New .... '7 lll½-111½ .... - ... . 113¼-118¼ 110¼-112 111~-112 .... - .... 113 -113 118 -118 .... - .... 110 -110 110¼-110¾ 110¾-ll~ l)et. Mon.& Tol. .... . '7 ... . - .... 126 -126 ... . - . . ..... - .. . ht con., coup ... . ..... . '7 118 -119 119 -119¾ 119¾-119¾ 121 -121 119¼-121¼ 120¾-121 118¾-118¼ 118 -118¾ 118¾-119 116¾-120 119 -120 120 -120ff 1st con., reg ......... . .. '7 117 -118 118 -118¾ 119 -119¾ 117¾-118 117½-118 J118 -118¾ 116½-116¾ 118 -118 118%-118¾ 116¾-118¾ 117 -118 117¾-ll'nl 2d con., coup .......... '7 122 -123¾ 128¼-124¼ 124¾-125 124 -124¾ 124¾-125½ 122 -125 122¾-122¾ 123 -123 123¼-123½ 124½-124¾ 125,-s-127 122¼-123¾ ~d con., rea .... ........ '7 121¾-122 128 -128¼ 128¼-128¼ 123 -12! .... - .... ,121 -121½ 120 -122¼ 121¾-121¼ 123½-123!Jil24¼-124¼ 122 -125 122½-122~ Clo. & Spring., lst .. '7 .... - ... . 114 -114 .... - ... .. . - ........ - ... . 115¾-115½ 113 -113 Mahon.Coal lst,'34.:i . ... - ... 111 -111 111 -111 .... - .... ,111¾-lllx ..• - ........ - ........ - .... 113¾-113½ . . .. - .... 115¾-115~ Leh. Valley Coal-1st.Ii .... . .... 102¼-103¾ .... .. . - ........ - • .•.... - . . . ... .. Leh.V.,N.Y.-lstgu.g.4½ .... - ... . 98 - gg 99¾-100¼ 100 -101¼ 100¾-100¾ 100¾-102 98¾· 99½ 99¾- 99¾ 101½-102¼ 102½-103½ 103 -103½ 108¾-104U Leh, V.Ter.lst,1941 .. ~ 106 -106 .... - .... 108¼:-109 107 -107½ 106¼-107¾ lO't¼-107¼ - .... 106 -110 107½-108 l08%-109¾ 109¾-109~ Registered...... .. . . . . .. . .. . - ... . 109 -109 . . .. L.R.&Mem.1 st,193'7.a .... - ... 34¾- 34¼ 41 - 41 3', - 87 84 - 37 30 - 85 .... - ... 40 - 40 'rrust receipts .. .. .. . .. . .. .. - .... 35-85 • Ex-interest. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis - - ' RAILROAD 75 BO D . 1894-Continued. BONDS. ----------1 JANUARY FEBR'RY. MARCH. APRIL. MAY, JUNE. JULY. AUGUST. 8EPT'BER. OCTOBER. N0V'BER. - - - ·- - - - - - - - - - - - · - - - ----1-----1------1----1---- - - - Low.High Low.High Low.High Low.High Low.High Low.High Low.High Low.Hillh Low.High Low.High Low.IIlgh Low.High Lonar 181and1st, 1898................ , 112 -113 .... - ... . 113¼-113¾ •••• - •... lll¼-112% 112 -112 ...• - ........ - ••.. 112 -113 .... - ........ - •••. llOxa-1113' 1st. consol, 1931 .. . ... ~ 113 -114 114¼-115 115¾-115% 114 -114 116 -116 .... - .... 114¾-114¾ .... - ... ..... - .... •117 -118 .. .. - ........ Ferry, 1st, 1922 . ..4½ .... - . . . . 98¾-100 97¾- gg 99 - gg 98 - gg 98 - pg 101 -101 100~-101 99½- 99½ .... - . . . . 98¼- 98¾ •..• _ Gen, mort,, 193~.. .. 4 95 - 96 93¾- 96 95¼- 96 95¾- 97 99¼- 99% •97¾- 98 99 - 98¼ 97½- 99 97 - g7 96¾- 97 97 - 98 96 - 97 - ..•. 95¾-95¾ ... . - •. . . . •.• 99¾.:99¾ .... - . ... 100 -100 .... - •....... - •.. 100 -100 N,Y,&R.B,,1st,ir.:} .... .• - ••..•... N.Y. B,& M. B., 1st.:} ... . - ... . ... - . ...... . - .... 95 -100¾ 100¼-100½ .... ..... . ..••..... •. - .... 103¾-103!!4 .... No, Sh, Br., 1st, '32.~ .... - ........ - ........ - .... .... .... 103¼-103¾ .... ...• -103 103 .... - ........ - ........ N, Y, & M, B., 1st ... ,, .. .. 36 - 36 - . . . . 35 - 41 L.E.& St,L,-Con,1st.~ 42 - 50 42¼- 42½ 41%- 42¾ 45 - 50 49¾- 49¾ ... . - . . . . . .. - . . . . 48 - 49½ ...• ........ - ........ _ - ........ - ... . 15 - 15 13 - 13 ... General, 1943 .... .. 4 .... Loulsvllle &Nashv.Consolldated . .. ...... .1110 -111 110¾-112 113¼-113¾ 109¾-109¾ 109¼-lll 110¾-lll lll¼-111)4111¾-lll¾ lll¾-111¾ •108-109½ 109¾-110 109¾-110~ - .... .... - . . . 100 -109 .•.. - ... . - ........ - .... 108¾-108¾ .... - . . .. ... . Ceclllan Branch ...... , .... - .... 117 -120 118¾-118¾ 119 -119¼ 119¾-1193' N. O. & Mob-lst ..... 6112½-115¼ .... - .... 115¼-115½ . ... - .... 116½-117¾ 116 -117½ lH -114 - ...... .. - ........ - .... 100 -100 .... 2d ............ ........... 6 97 - 97 ... . - ••...•. - .... 99¼-104 102 -102 - .... 110 -110 .... - ... 112 -112¾ 113¾-114 .... - ........ - ... . - .... 113¼-113¾ .... E. H. & Nash.-lst ... 6 .... - ........ - . .. - .... 116¾-117 11~-119¾ 1153'-ll~ General mort .. ....... . 6 100¼-112¼ 112¾-115 115 -116 117 -117 116 -116 .... - .... 112¼-113 .... Penso.cola Div ....... . 6 105¾-108 108 -108 109 -109 111 -111 . .. • .... -117 117 .... .... 1921.6 st, l St.L,Dlv,, - .... 60 - 60 60 - 60 .... St. L. Div., 2d 1980.3 .... - .... 112 -114 .... - .... 112 -112 .... - .... 113 -113 ... Nash. & Decatur...... , 109 -109 .... - .... 112¾-113 113 -113 Pensac. & Atl.-lst .. 6 .... - .... 94 - 94% 94¼- 96½ 95 - 96 .... - .... 95 - 95¾ 98 - 98 100 -101½ 98 -10i% 98 - 98 08 - 98¼ 101 -101 - ........ Ten-forty, 1924, g ... 6 95 - 9'i 100¼·100¼ 101 -101 .... gg -100 .... 95 - 95 ~0-year, gold, 193.,,.:i .... - . . . . 95 - 99 96¾- 96½ 97½- 98 95¼- 95¼ .... Unified, arold, 1940 .. 4 72¼- 7! 75 - 76¾ 75 - 76¾ 76 - 77½ 74½- 76¾ 73 - 78 70 - 71 71½- 78¼ 78!}.(- 70¼ 75 - 78 77 - 78¾ 77 - 78 98 -103½ 105 -105 96 - 96 97 - 97¾ .... Col. trust, g., 1931 ... :i 96 - 96 .... 91½· 91½ 88 - 88 87 - 87 - ... 84 - 84 86 - 86 88-88 .... - •.•• 80-80 Nash.Fl.&S.,lst,aru.:} .... - ... . 76 - 90 .... 91¾- 94 90 - 90 85 - 85 - . . . . 90 - 90 92 - 92 9!-94 .... - .... 96-96 So.& N o.Ala.con.gu.:i . . . . ... . ... -110 110 107½·107½ lll¼-112 -112 112 - .... 107¾·109½ 108 -110 Lou. N,Alb,& Ch.-lst.6 108 -108 .... - .... 112 -113¼ 110 -114 93 -95 97¼ 95 96¾ 87 92 80 90 83 96 90 98 96 94;J.1-100 94 -99% 96 -97 97¾ 93¾95¼ 93 6 ...... 1916 ,iold, Con., 66¾- 66¾ 65 - 67 63 - 69 67½- ~ 67 - 69 General, ll,, 1940 .... ~ 62 - 67 66 - 66 65 - 68 66¼- 69¼ 64%- 65¼ 64 - 64 Louhv. St. L. & Tex.55 - 55 1st, arold, 191.,, .... ... 6 55¼- 57 ...• - .... 57 - 57 58 - 61 57 - 59 .... 59 - 59 1st con., arold, 1942.:i .... - ........ - .... 15 - 15 . . . . 40 28 25 25 .. . . . . .. . .. . . . . . . . . . Man. B, H. & L.-Gen.4 Manlmt., cons., 1990.4 93¼- 94¾ 94¼- 95¼ 95½- 97¾ 95¾- 97½ 97 - 98¾ 97 - 98 97½- 98 98 - 99½ 99 - 99¾ 96¾- 98 97½- 97¾ 96!)(- 97¾ Memp. & Charlest'n57 - 5~ 58 - 58 Gold ........ ............. . 6 58 - 58 58¼- 58½ 58½- 58¼ .... - ... 57 - 57 ... . . ...... _ .. . . - .. . ..... - .... .... 1st cons. Tenn lien .. ? 112 -112 111 -111 .... - ........ - .... 121¾-122 -121¼ 121 120½-122 119¾-120 118¾-119½ -118¾ 118 120¾-121½ 110%-121¾ Metropol,Elevat.-liit.6 116 -118 117%-118¼ 117¾-119¼ 119¼-120 ~d, 1899 . ............ -. . 6 107 -108 107%-108½ 108¾-109¼ 109%-111 107 -108½ 108¼-108% 108}4-109 108%-109½ 109¼-110¾ 109%-111 *107¾--07½ 107¾-108 Mex. Int.-lst. 1942 .. 4 69!J;C- 71 69¾- 70¾ •68 - 68½ 68¾- 75 71¾- 737( 7018- 73 70 - 72 70 - 71¾ 70 - 71 70½- 71¾ 70 - 71¼ 70½- 71:J! - ........ - ........ - ........ - ... . .... - ........ - ....... - ........ - . .. ..... - .... 23¾- 23¾ Mex. Nat.-~d ln."A".6 .... - ........ Mlchhran Centrallst, consol. ... .......... , 122 -123½ 122 -123'¼ 122 -124¾ 123!J:(-124¼ 119:J!-120¾ 120¾-120½ 120¼-121¾ 121¾-122¼ 122¼·123 123¼-124¼ "120¾-122 120¼-121¼ - •... 106¼-106½ .... - .... 108 -109 1st, consol . . ......... ~ 108¾-108¾ .... - .... 106 -106 .... - . . . 106 -107 .... - .... 114 -115 Coupon, 1931. ......... ~ 111¾-113½ 113¾-113¾ 111),!-lll¾ .... - .... 112¾-113 . ... - •... 115 -116¾ .... - .... 112¼-113 Rearlstered .... ............ - .... 110¾-110¾ .... - ... 100 -100 .... - . .... ... - ........ - . . . 100 -100 101 -101 . .. . Mortaraae, 1940 ...... 4 . .. . - ........ - .... 96¾- 96½ .... - .... ... . Mich. Penlo. Car Co . ~ .. . . MU. L. Sh. & We•t.l8t, 19~1 ............... 6 124 -126 126 -126¼ 125¾-128½ 128¼-130 125¾-126 124¼-125 124¼-125¼ 125%-127 128 -128 130 -131 129¼-131 129➔-(-131¼ - ........ - .... 105¾-105¾ Conv. deb, 190.,, ...... :, ... . - ·• · · 101 -101 . - . . . · 1105 -105¾ .... - . ....... Ext. & Imp., s. f ... .. .Ii 106 -107½ 105¾=107 107 -108 108¾-109¾ 109 -109¾ ...• - .... 109¾-110¼ 107 -108 108 -109¼ 109¼-110½ lll>(-111¾ 113}4-1133' 112 6 Income ... ................ . . . - . . . . . . . . - ....... . -112 104 104 105 -105 Michigan Div., 1st ... 6 120 -120 121 -122 122 -123¼ 125 -125 125¾-126 .... - ... 123½-124 124 -12i 125 -125 ... - ... 128 -130 129¾-130¼ - .... 126¼-126¼ . . • • Ashland Div., 1st .... 6 .... - .... 123 -123¾ 124¼-124¾ . . . . Mllwankee & North.1st, 1910 .. ......... ..... 6 113¾-113¼ lH -114¾ 114 -115 115 -116½ .... - . .. . • • - .... 116 -116 .... - .... 116½-119 118 -118 120 -120 117 -117 1st, on exten,,1913 .. 6 112'3'-114 113¾-115 .... - •. .. 118 -118 117¼-117½ 117 -117 117 -117 116 -116 117 -118¼ 118¼-120¾ 120 - 120 118 -118 Mlnneap. & St. Louls- . ... 133n-135¼ - .... 125 -125 . . . . - .... 131 -135 lst ... .............. .. .. . '7 120 -120 122 -123 . . . . - .... 122 -122 123 -123 125 -125 - •... 120¾-121¼ - .... 120 -120 118½-120 123 -124 - .... 110 -110 - .... 110 -110 111 -112 Iowa Extension ..... . '7 115 -115 - .... 123 -123 140 -140¼ 140½-140½ 146½-151 150¼-150½ .... - ... . 121 -121 122 -125¼ 125 -126 2d mort., 1891. ........ , .... .... 116¼-118 -114 - .... 108 -111 110 -110 112 -112 112 -113 113 -113 113 Pacific Ext., 1st ...... 6 107 -107 - . . .. 123 -125 124 -125½ 126¾-128),.( . . .. - .... 116½-117 116 -116 Imp. & equip., 1922.6 115 -116 - ... . 135 -135 140 -140 140 -149 158 -ltjO 160 -167¾ 168 -170 117 -119¾ Southw. Ext., 1910 .. 1 .... Missouri Pacific1st consol.. ........... ... 6 87 - 87 88 - 90 90 -100 101 -101¾ 91¾- 99 93!J:C- 94, 94 - 94 92 - 92 97¾- 97¼ 97 - 98 96 - 96¼ 96 - 98 3d, 1906 ................ ? 103 -105 105 -107 107 -109 112 -112 108 -108 107¾·108¼ 107¼-107¾ 107¾"'.08 ... - .... no -110 107¼-109 108¼-108¼ - .... 67 - 70 70 - 75 .... - ........ - . . . . 63 - 64½ .... - .... 68 - 70 .... 1st, col., ,iold, 1920.:i .... Pac. of Mo.-l8t, ext .. 4 95 - 99¾ 98 - 98 98 -100 100 -100¼ 99¾-100¾ 99 -100 98%- 99¼ 97¼- 98¾ 98¾- 99% 99¾-101¼ 100¾-101½ 102 -103¼ - .... 104 -105 106 -106½ 106½-106½ 105½-105½ .... - .... 103 -105 108 -101:S 108 -108 107 -108 106½-108 2d, 1891, extend .... ~ 99 -100 Mo. K. & E.-lst, '42.:i 80 - 82 80¼- 81½ 80¾- 83¾ 80¾- 81¾ 79 - 80% 76¾- 79½ 76 - 79 76¾- 81½ 81 - 82 •18 - 80 80 - 84,<i 83¾- 84~ Texas& Kansas Mo. 80¾- 82¾ 82¾- 83¼ 81¾- 82% •78¼- 79% 77¾- 79¾ 77¾- 80¾ 79:14- 80¾ 80 - 81¾ 81¼- 83¾ ·SO¾- 81:)s 79¾- 80 lst, gold, 1990 ........ 4 78 - 80 42 - 45~ 41 - 43¾ 43¼- 48 38¾- 43¾ 39¾- 45 38 - 44 45½- 47 42½- 47¾ !5 - 48¼ 42 - 45 2d, Income, 1990 ..... 4 44 - 47½ •41 - 44 72¾- 72¼ .... 72¼- 73 - . . . . 69%- 70 K. C. & P.,lst, 1990.4 70 - 70 .... - ......•. - .... 70 - 70 - ..... ... Dall. & W., 1st, '40.:i .... - . . . . 80¾- 80¾ . .. . - . . . 80 - 80 73 80 80 .... .... 79¾ 75 - 76 79¼77½ 79 73 78¾73 81¾ 73 81¾.. - 75 M. K.& T. ofT., lst.:i .... - . ....... - . . Moblle & Ohio-New .. 6 111½-111¾ 113¾-113½ 114 -115 115 -116 117½-117¾ .... - .... 113 -114 114 -114¼ 113 -116 117 -120 118¼-119 116½-117½ 65¾- 66¾ Gen. M., 1938 ......... 4 57%- 59¾ 59 - 61 58¼- 59¾ 59½- 62 60 - 63 61 - 63 60 - 62¼ 61¾- 66½ *64 - 65 64 - 65 64¾- 67 - .... .... ltlorarnn'sL.&T.-lst .. 6 .... - .... 110¼-111 .... - . . .. 112½-112½ . ... .... 123¼-124 122½-123½ 125¾-126 ... ........ 1st, 1918 .... ........... , 125¼-126¼ 127 -128¼ 127 -127 122¾-123 .. - .... 124 -126½\ .... Mutual Un. T.·-S, F .. 6 .. .. - .... · -·· - . .. ..... - ........ - ... . 109 -109 .... - ... . 110 -110 110½-110½ .... - . ... .... - ........ - .... 111 -111 - .... 128 -128 130 -130¼ 132 -133 133 -135 135 -136 Nashv.C.&St.L.-ht.'1125¼-126¼ .... - .... 1~7 -127½ 127½-129 130 -130 - ........ !ld, 1901. .............. . 6 107¾-107¼ .... - ... 107 -107½ 107¾-107¾ .... Consol. g,, 1928 . ... .. :, 98 -102 99¾-100¾ 101 -102 100 -101¾ 100!14-102 100%-101¾ 100 -101½ 101 -101¾ 101¾-101¾ 90 - 99¾ 98¼-100 100¼-101 - .... 106½-106½ .. M,M.M,W.&Al.lst.6 .... 93¾- 93¾ .... National Linseed-1st.. .... 90¾- 90½ 93 - 93 91¾- 92¾ 91¾- 92 - . ... 92 - 92 Nat. ~tarch Mfa-.-lst.6 88 - se 88 - 89 89 - 1:49 96 - 98¾ 94 - 94 93 - 94¾ 93 - 94 94 - 95 96¼- 96¼ 97 - 98¼ IJ4 - 94 91 - 93 N.O.&N.E.-Pr.lien.6 .... - .... 108½-108½ . . . . - . . . . .. . . New York CentralN. Y. C.& H,-bt,cp .. ,, 123 -125 124¾-124% 124¼-125¼ 126 -126½ 125¼-127 127 -128¾ 123 -124¼ 125¼-127 126¼-127¼ 127 -127¾ 126¾-127¾ 127 -127~ 1.st, rear .......... ...... 7 123¾-123½ 124 -124¼ 124 -124¾ 124¼-126 125!!4-1~7 123½-128 123 -124¾ 125 -126¼' 127 -127 126¼-127 126¾-127 127¼-127¾ Deb., 1884-1904 .. .:, 107 -108½ 108½-110 107½-107½ 108 -108¼ 108 -109~ 109 -109½ .... - .... 110 -110 106¼-108 1077,i-108¾ 108¾-109¾ 108¾·108¾ - .... 109¼-109¼ 105½-106¼ 108¾-109 ..•. - .•• . 108¾-108¾ Registered ....... . . :, 106¾-107½ 108¾-108¾ 106 -106 107¾-107½ 109 -109¼ .... - .... 108¾-108¼ 108¼-108¾ Deb.reg., S9-19.,,4.li ... - ....... - ........ - . . ...... - ........ - ........ - .... 108¼-109¾ .... - .... 103¼-103¼ 104 -104¾ 103 -103¾ 102 -103¼ Debt cert•., ext., ,i.4 101¾-102¾ 102 -102¾ 102%-103 103}4-104.¾ 102¾-102¼ .. . . - .... 102¾-102½ 102 -102½ ...• Registered.......... . . .. - ... 101¼-101½ .... - .... 100 -100 .... 98 - 98 .... N. J. June., 1st, gu .. 4 .... - .... 105 -105 103¾-105 104¾-105 102¾-102~ . . L03 -10::i 10a - 105 Deb., ar .. '90-190li ... 4 " Ex-interest. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis RAILROAD 76 BO D . 1894-C:ontinued. \.,A.NU.ARY FEBR'RY. MARCH. APRIL. JUNE. MAY. JULY. AUGUST. SEPT'BER. OCTOBER DEC'BER. NOV'BER. BONDS. ~ow.High Low.High Low.High Low .High Low.High Low.High Low.Hlgl:: Low.High Low.High Low.High Low.Higl! Low.High ------·-·---- ---- - - - - - - - - - - ---- - - - - · - - - - - :S. Y. Central-(Con.)Re11:h1tered . . . . . . . . . . . . Harlem-1st, coup .... '7 1st. reg ... ............ , West Shore, llUar .. 4 Registered ............ 4 Os.&Rome,2d.191~.~ Mohawk & Malone .... N. Y. & Putnam, lst.4 .N. Y. Chic. & St. L.lst ...... ... ............ .. .. 4 Reglst.ered ... ...... 4 N. Y. Elevated-1.8t ..... 1 N. Y. & N. E.-ht .. 0~ .1 1st, 190~ ....... . .... ... 6 N. Y. & N . .J. Tel'pb .. ~ N. Y. N. H. & Hartt'd- .. - . . . . . . . . - . . . . . . . - . . . . . . . . - . . . . . . . . - .... 102¾-102½ . . . . - .... 102 -102 118¼-119¼ 119 -119~ 119¾-120¼ 116¾-118¾ 118½-119¾ 119¼-119¼ *l0Q¾--02¼ 102:)s--103½ 103 -105 100¾·102 102¾-103 102¾-104 107 -109¼ . ... - .... 107 -107 - .... 100 -100 .... - 123 -124½ 117¾-118 119 -120½ ... - .... 118¾-120¼ 117¾-117¾ 118y.£ -119 119 -119 104:)s--106 1()4¼-104¾ 104¼-105¾ *102½-104 103¾-104¾ 103¾-104¾ 102¾-104¼ 102 -103 - .... 107 -107 . .. - .... 102 -102 .... - ........ - .. . 102 -102 102 -102 120¾-121 118½-118¼ 103½-104¼ 102½-103¾ .... - .... - .... 120 -121 119¼-121 103¾-105 102¾-103½ - .... . . . . - . . . . . . . - . . . . . . . . _ .... .... - ... 119 -120 118 -118 12~-122¼ 120 -120 117¾-117¼ 104¾-105¾ 105¾-106¾ 106 -10~ 103½-105 104½-106 104 -106½ 108 -110 .... - ........ - 101¾-102 .... - ........ - .... 100 -100 99 -101 . . . . - . . .. *108¾-111 111 -111 - .... 100¾-101¾ 99 -100½ 110 -110¾ U0¾-114 106 -106 102¼-102¾ .... _ .... *100¼-0l½ 101¾-102¼ 100 -100¾ 100¾-101¾ 110¾-111½ 109:),(-111 115 -115 117¾-117½ .... - . . .... .. - . . . . - .. 100½-102 ··"1···· - .... 97¾- 98½ 98¾- 99¾ 99¾-100½ 98¼-100½ . . . - .. . . 99 - 99 *109½-10½ 109¾-111 110¾-111 111¼-111¾ - .... 107 -107 . .. . ... - .... 105 -105¾ 104 -104½ 104 -106½ . . .. - . . . 99 -100¾ 99¾-100½ .. . . 111¾-111¾ 111¾-113 - .... ..•• . ... - 101¼-102¼' 100 -100½ llQ¾-111¼ 114 -115¼ 109¾-110 1 101¾-10ll% . . . . - ... . 11()%-111¾ 117¾-117¼ 110 -111 ... . 106 -106 lst, fre&r·· ····· ·· ···· Coll. db. ct., 1st in.pd . .. - .. . 75 - 75 .... - . . .. 7,i - 78½ .... 2d do . .. do - . . 107½-107½ 103¾-106¾ . . . . - ... . 104½-104½ 105¾-105¼ . . . . 3d do . . . . do .... 131 -133¼ 132¾-140 137 -137 - ... . .... do o II do - .... 116½-116½ 116½·116!)! - .... 113¼-113¾ 113 -113 116 -116¾ .. .. N. Y. & No.-ht, gold.~ .... N. Y.Ont. & W-lst, g.~ 107 -108¾ 108¼-109 108¾-109¾ 109 -109¾ 109¾-110¾ 107lJ:(-109 109¼-109¼ 109½-110¾ 109%-110¾ 110\ki-lll¾ 11()%-111½ 1()8¾-112¾ 87:1(- ~ 87¾- 88 87 - 88 85¾- 88¾ 86¾- 87 85¾- 86 85¾- 86 ~ - 85¾ 84¾· 86 S4 - 84¼ *82¾- 84 Ref., 1st, 1992 ........ 4 82¾- 84 N. Y. Susq. & West'n1 Retunding ............. -~ 103 -105¼ 105¼-106¾ 105¼-107¾ 106¾-107½ 106¾-106¾ 106 -106:1::( 103 -104¾ 104¾-105¾ 104¾-107 106¾-109!J:( 109 -109¾ 109 -109 88¼- 89 - . . . . 85 - 85 . . . . - . . . . . . . . - . . . . 87 - 88¾ 88 - 90 . . . . - . . . . . . . 90 - 90 2d mort., 1931. . . . 4¼ . . . . 92 - 92¾ 91¾- 92¼ 93¾- 95¼ .... - ... . 96 - 96,( 96 - 96¾ 94xi- 95¼ 93 - 93 Gen., llOld, 1940 ...... ~ 1 94 - 97 91 - 95 94 - 94.¾ 92½- 95 -117 117 ... 118)4-119 -118 118 116)4-117 -117¾ 117 -117¾ 117 115!,:(-117 .... ........ ... -ll'Tn Mldl'd of N. J., lst . . . 6 117 - ... . 106¼·107 ... . Term., 1st, 1943, g .. ~ 102!J:(-102¾ 103:1.(-104~ 104¼-105 105¾-105½ 105 -105 60 - 60 N. Y. & Tex. L'd scrip ...... Norf. & So.-!st, '14 .. /i 97 -100¼ 100 -100¾ 100¼-103 103 -104 100 -100½ 100 -101 101 -102½ 102¼-102½ 104 -105 105 -106 106¼-106½ ... Nol'folk & Western- •... 115 -115 116 -116 119 -120 - .... 114¾-114¼ ... - ........ General.. . ... ........ ... 6 110 -112 - .... 74¾- 74¼ .... 100 yr. mort., 1990.~ .... - .... 107 -107 . . . . New River-1st ....... 6 106 -106 107¼-107½ 108 -108 .... - .... 109 -109 - . . . . 76¾- 76¼ 76 - 76 - . . . . 78½- 81 Md. & W ., 1st, 1941.~ ... Imp. & Ext., 1934 ... 6 .... - .. . . 97 - 97 .. . N ortbern PacificGen. 1st, lann lfl'Rnt.6 105!'(-111 109 -111;( lll¼-114½ 11()%-114¼ 106¾-111½ 110¼-112¾ •107 -108¾ 108}:(-112 112 -113 112 -il4 114¼-l16 116 -116~ Registered ..... ..... . 6 105¾-108¾ 109 -110¾ ll0 -113¾ 109¼-113¾ 104 -109¾ 108 -110 104¼-106 107 -109¼ 110 -110¾ 110¾-112¾ 113¾-114½ *12\ki-115¾ 877,4- 89¾ 85¼- 88¾ 87½- 89¾ 88 - 89¾ 7! - 86 74 - 78¾ 71¾- 75 83¾- 89¾ 84 - 89¾ 77 - 82 81}:(- 85 Gen., 1. gr., 2d, 1933 6 78¾ · 85 86¼- 86¼ 87 - 87 - .... .. .. - .....•.. 85 - 85 Redstered ..... ...... 6 73 - 73 81 - 81 85 - 85 59¾- 60¾ 59¼- 63 tS2 - 64½ 59➔-(- 63 50 - 56¾ 46¼- 52¾ 50 - 62 59¾- 64½ 52¾- 60 Gen.,gold, 3d, 1931.6 52½- 60¼' 58 - 59¾ 59 - 64 . . . . 63¾ 62¾60 U0 Trust receipts 26}:(- 29¾ 26%- 30¾ 27 - 28¼ 22¾- 30¼ 29¾ 33 Consol., 1989 .. ....... ~ 26¾- 30¼ 28 - 29¾ 29 - 34½ 28¾- 33¼ 25 • 29½ 24½- 28¾ 23 - 25 74¼- 79¾ *75¼- 79¾ 78 - 78¼ 75 - 78¾ 78 - 80 Col. tr. notes, 1898.. 6 ... . - ........ 35 - 40 - . . . . 30 - 30 30 - 30 Div, scrip, extended ... .... - ... . .... - .... 117 -117 117 -117 117 -117 .... St. Paul & No. Pae .. 6 114¾-115¼ *115-115 114 -116 117 -117½ 116 -117 117 -117 - .... 112 -lU 114¾-114¾ 118 -118 .... -115 115 . ... Rellist'd certificates .... - ... . 68 - 68 78 - 80 Spokane& Pal. s. t .. fi . . . . - .. .. 60 - 60 77 - 77 Trust receipts ........ .... - .... 80-80 . ... - ........ - .... 83-83 77¼- 83 70 - 75 69¾- 70¼" 71 - 71 70 - 70 . . . . - . . . . 80 - 80 Dul. & lllan., 1 t ..... 6 62 - 62 .... Trust receipts ........ .... - 83 81 ... 70 ... .. 70 .... 6 ........ Dak. Div. li,t - ... . 70 - 70 80 - 80 70¼- 70¼ . . . . - . . . . 80 - 80 83 - 83~ Trust receipts ........ .... 93 - 94 97 -99¾ 95 -100 98 -101¾ 97 -100 97 -98¼ 97 -99 99 -100 96 -100 100 -100 No. Pac.Ter.Co.,lst .6 95 - 96 98 -101 N. P. & Mon., 1st, g .. 6 31 - 32 30¾- 32 31¾- 38½ 35 - 38¼ 30 - 32 26¼- 28 25 - 26 27 - 32 35 - 39¾ 30¾- 31¼ 30¾- 35½ 34 - 35 44¾- 44¾ .... 44 - 48),( 45¾- 47½ ~7 - 48¾ .... Chic. & No. Pac., 1st .. 43 - 49 45¾- 45¼ 39¾- 42 41¼- 46 39¾- 43~ 45¾- 47½ 45½- 48¾ 43¾- 46¾ 40 - 45¾ 40¾- 43 44¾- 46 Trust receipts.. ....... 42¾- 46½ 38¾- 43 45 - 45 40 - 45 52¾- 52¼ 50 - 55 46 - 46¼ Sea. L.S.&E., lst .. . 6 40¾- 45 50 - 52 45 - 4.6 42 - 45 40 - 40 44 - 46 49½- 52¾ .... - . . . . 48 - 50 41 - 41 60 - 50 45 - 50 Trust receipts.. .. ... . 40 - 45 49 - 51 Ohio Ind. & Weste1·n.- ........ - ... . 114 -114 114 -114 Ind. B. & W., lst,pf.1 . ... Ohio & Mississippi- .... 110 -110 111 -111¾ 111½-111¾ lll¾-112 107½-108 108}:(-109¾ 109 -110 110¾-110¼ 110:)(-110¾ 110¾-110~ -106 106 , .... tund sink. Consol. Consol., 189S... .. . .. 1106 -107 107¾-108¾ 10'J -110 111 -111¾ lll¾-111¾ lll¾-111¾ 107¾-108 108 -109¾ 109 -110 110¾-110~ 110¾-ll0¾ ll0ll.:£-11()¾ - .... 116 -116 - . . . . . . . . - .... 118¾-118~ 2d, consol., 1911 ..... 1 .... - ........ - .... . .. . - ... 109}:(-109~ .... - ... 110 -110 .... - .... 1st Spring- Div. .. ..1114 -116 .... - .... 110 -110 80 - 80 Ohio Riv.-Gen.1931 .5 .... 95 - 99¼ 94, - 95¼ 88 - 94 Ohio Southern-1st .... ti 93 - 94¾ 92¾- 96 94 - 97 90¼- 93¾ 91¾- 95 93½ · 95¾ 93 - 95¾ 91 - 92 . . . . 49¾- 52¾ 45 - 49 45 - 45¾ 47 - 51 43 - 45 35 - 40 Ge.1., guld, 1921 ... .. 4 48¾- 48¾ 45 - 48 45 - 48 43 - 44 42 - 42 42 - 44 .... 40 - 40 46 - 46 Om:1.ba& St. L.-lst .. 4 .. .. - .... 42 - 42 47 - 47 45 - 45½ 45 - 45¾ 46 - 46 46 -: 50 E.x: funded coupon .... 4 .... - ... . .... 41 - 41 . ... - ... . 41-41 Trust 1.·eceipts ....... .. . . . . - ........ . ... 74 - 78 . .. . Ore&"on & Cal.-lst .... ~ .... - ... . .... Orell• R'y & Nav.-l11t.6 104¾-108~ *105 -108!,.( 107 -108¾ 108 -109 102¼-108 101 -105¾ 101 -104¼ 103¾-106½ 107¾-108 108¼-109¾ 109¾-110 110 -112 ... - . . . . 71 - 71 72¾- 73 68 - 71 62¼- 72½ 60 - 63¾ 61 - 61 70 - 73¾ 72 - 74 66 - 71 Consol., 192~ .... ... .. ~ 60 - 66 70¾- 76¾ 71¼- 71¾ 71¾- 75 62¼- 72½ 73 - 75 61 - 61 60 - 60 Trust receipts ..... ... ...... 45 - 51 .... - ........ 49 - 53 . .. . 52 - 53 Collat. trust, 1919 .. r; .... - . . . . 48 - 50 48 - 50 50 - 50 ........ - . . . . . .. . Trust receipts ...... . . .... - .. ... ... Ore&". Imp. Co.-lst . ... 6 92¼- 97¾ 95 - 97 96 -100 101 -103 101¼-103 99 -100¼ 96½- 99¾ 99¾-103 104¼-106¾ .... - ... 100¾- 103½ 96 -100 48 - 52 52 - 56¼ 52 - 55¾ 52 - 55¼ 55 - 59¾ 59¾- 65¼ .... - .. .. 48 - 57 55¾- 58 Consol., gold, 1939 .. ~ 46 - 51¼ 49 - 51 51¼- 60 Penn. Co.-lst, coup.4½ 106 -106¼ 106¾-107l,4; 108 -110 111¼-112 113 -113¼ 112¼-113 .... - ... 110 -110¾ 110}:(-112 110:)s-lll 110\ki-lll¾ 11()%-113 -110 109 109¾-110 -110 110 .. .. . ... 108!14-109¾ -110¾ •no -110 110 Rellistered ....... .. 4¾ 105 -105 107 -107 .... - .... 106 -108¾ 108➔-(-109¾ Pitts.Ft. w.&C.-lst. 1 ... - .... 135¼-135¾ 134¼-135J,:( 136 -136 136:)s-136¾ .... - .... 134¼-134¼ 137 -137 ...• - .... 138 -139 142 -142 143 -143 - ... 133¼-133½ .... - ........ - ..•..... - ..• . .... - .... 14.1 ·141 - ... 135¾-135¾ .... 2d., 1912... ... . ... .. 1 133 -133 - .... 131 -131 .... - .... 132 -132 .. .. - .••.... - ........ - .... 130¼-130¾ 132¼-132¼ 3d., 1912. ....... . .... 1129 -130 - .... 119¼-119½ 119 -119 118¾-120 .... - ... 118 -118 Cl. & Pitts., con.,s.f.7' ... - ..... ... Gen., 1942, ser. A.4.½ .... - .... 106 -106 St.L.V.&T.H.-lst.1 .... - .... 107¾-107¼ .... - ... 109 -109¾109¾-109:1,! ... . - •.. 107 -107 ..•. - .... 107:)s-107¾108¼-1Q8¾108¾-108¼109 -109 - .... 105¼-106¾ ... . 2d, 1898 .............. 1 . . . . - .... .. .. 2d, gua1·., 189S ..... , .... - .... 108 -110½ .... - ........ - .... 101¾-103¼ . ... - .... 101 -101 103 -103¾104 -105½105¼-106 .... Gr.R.&lnd.,1941 .4½ .... - .... 101 -101 .... - ... . 106¾-107¾ ... . - .. . 107¾-108 108 -108¾ .... - .... 108 -108 108¼-109¼ . ... - .... 110 -110 Un. N. J. RR. & C ... 4 .... 98 -102 101 -102½ 99 -100 .... - ••.• 100 -101 102 -102¼ 102¾·102½ 104¼-105 102¾-102¼ Peopleit'G&·C.,Cbi.2d 6 97½- 99~ 99¾- 99¾ 98 - 98 I 1 , ~:~·. ::::·i~:~~::::::: ·9;; = 93¾ 90 - 91¾ 91¾- 92½ 89¼= Peo. Dec. & Evansv.1st, 1920 ...... ......... . 6 74 - 80 2d, 1926 ... . ......... .. ~ 19 - 25 Evanliv. Oiv •. 1 lif ... Ex-interest. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis . fi 75 - 75 22 - 24 74¼- 75 90. 1 1 :¾= :¾, .88¼= I 93½ ·gi·¾= 9s... oo 1 = 91½ 82 - 8:¾ 86~- 86¾ RS¼- 83¼ 84¾- 95 7'i½- 77~ 85 - 85 22 - 27 27 - 28\.4 24 - 21¾ , ... - ... 25 - 25 22 - 25 87 - 94 R5 - R7 R2 - 87 % - R.'5 74 - 77 90¾- 90¼ •89 = 9oi/!!~= ~½ ·90¼= 90¼ 95 - 95 27¾- 27½ 28 - 29 92 - 92¾ 94 - 94 96 - 96 25 - 27}( 94 - 95¾ RAILROAD BO DS. 189.t-Continned. - - - - - - .- ----,.----:----- · - - - - - - - BONDS. JANUARY FEBR'RY. _, _________ L __o__ w. High 1 Peo. & Eaat.-1st, con.4 71 -· 73 Income, 1990 ......... 4 15 - 15¾ Peo. & Pek. Un.-1st .. 6 113 -113 MARCH. ~RrL. MAY. JUNE. JULY. AUGUST. 8EPT'BER OCTOBER. NOV'BER. DE~BER. Low.High Low.High Low. IDirh Low.High Low.High Low.High Low.High Low.High Low.High Low.High Low.High 72 - 74 15½- 16 111 -111 73 17¾. .. 63 - 7-;;-;;;--: 84¼ 19 19¼- 20 ........ - ••.. 68 65 - 65 72 - 74 15¾- 18 108¾·108¼ 62¼- 64 72¼- 73 73 .... - •....... 109¾ 109¾ .... . . . ·. - •... . ..• - 74¾ 69 - 74 75 - 78¼ 75 - 75¼ 75 - 76¾ 77 - ;;: ... . •••• - •.. . 18 - 18 17¾- 1~ 17 - 17¼ .. . .. • . . . 64 - 64 70 - 70 67¼- 67¼ . ... 2d mort;, 1921 ...... 4¼ .... - . . . . ... Phlla. & ReadlnirGeneral.. ..... .......... .4 67¾- 71¾ 72 - 75¾ 74¾- 78 74¼- 77 73¼- 76~ 75¾- 76¾ 75¾- 77 75 - 80 77¾- 80¼ 76¼- 78¾ 75¾- 79¼ 7,1 _ 76¾ Reaistered. .. . . .. .4 . . . . - . . . . . . . . 74 - 76¾ . • • • - .•. . 1st pref. tnc., 19;)8 . .;) 31 - 34¾ 34~- 36¾ 36 - 39¾ 34 - 38 28;s- 34¾ 27 - 3~ 27¾- 30¾ 29 - 37 32).(- 37 29!1(- 34 28 - 32 22 - 28¼ ~d pref. inc., 19;)8 .. .. :; 19¾- 24¾ 24¾- 26¼ 24¾- 27¾ 22¾- 26!4 18¾- 22½ 20¾· 21¾ 18¾- 21¼ 21¾- 26 21¾- 26 20!!(- 23¾ 18¾- 22¾ 14¾- 18¾ 3d pref. Inc., 19:iS .... ;) 16¾- 20 19¼- 21¼ 19 - 21¼ 17¾- 20¾ 13½- 17:k; 14 - 16 14¼- 16 15:J,t- 21¾ 17 - 21¾ 16¼- 19).( 14 - 17¾ 11 - 14¾ 3d pref. inc., conv ... . ;) 23 - 23¼ ... . - ........ 19¾- 23 . . . . - . . . . . . . • - . . . . 14 - 14¾ Deferred income ...... ti 4¾- 5¾ 5:k;- 5¾ 5¾- 6 4½- 5¼ 4 - 4¾ 4 - 4 4¼- 4¼ 5 - 5¾ 4J4 - 6 4 - 4!>4 4 .- 4 2 - 4 P.c.c.& St.L.-"A" .4½ 100¼-102 101 -102¼ 103 -103¼ 101¾-103 103 -103¾ 103 -103¼ 103 -104 - .. 105 -106¼ 103¾-lOi¾ 104¾-105 105¾-105¾ Serles B, 1942 ...... 4½ 101¼-101¾ 102 -102¾ 102)4-104¼ 101¼-103 .... - •.. . 103 -103½ 103¼-104 104 -105¾ 105¾-106¼ 103¾-104 104¼-104¼ 105 -106 Pitts.Pain.&F.1916.:J . .. . - ........ - . ... 94¾- 94¾ ... . .P. Sh. & L. E.-lst, If •• :; •••• 86 - 86½ •.•• 1st, consol., 1943 ... . :; .... - ....... - ........ - . . . . 60¾- 81¾ Plttsb. & West.-lst .. 4 83 - 84 81 - 85 83¼- 84¾ 84¾- 88 85¾- 88 94¼- 86½ .g1 - 85 82¾- 85 82 - 84 81 - 83 79¼ 82¼ :mi- 65¾ Morta-aire, 1941 ...... :; ... . 80 - 80¾ 80 - 80¾ .... - •....... - ... . . . .. - . ... . ... - . . Pleas. Val. Coal-lst.6 100 -100 .... - . .• .. ... - .... 100 -100 l()()¾-100¾ Proc. & G.-lst, 1940.6 .... - .... 110 -110 - •.•. 115 -115 ...• - • . •. 112 -112 . .. . 112 -112 .••• - ... . ...• Rtcb. & Danv.--fJons .. 6 106¼-108¾ 109 -110 111¾-115 115 -116 116 -116¾ 117¾-118¾ 117 -117¾ 115 -117 115¼-117¾ 117¼-120 120 -120¼ l~0¾-121¾ Debenture . . . . . . . . . . . . . 6 . . . . - . . . . 90 - 90 . . . - . . . . 96 - 96 100 -109 Con. M., aold, 1936 .;) 65 - 65 ... _ ... . .. . • Trust receipts........ 65 - 67 67 - 71 67 - 71 . ... - .......• - .... . ... Stampe(' .............. .... - .. . . 68 - 68 70 - 73 70¾- 71 87 - 87¾ .. •. 71 - 72 70 - 75 74¾- 87 87 - 88 87¾- 88 Wash. O. & W., lst.4 .... 79 - 81 ... . Equip. s. f., a,, U-09 :i . .. 90-96 .•. • . . . 94 -100 94 - 98 Debenture, st'p'd . ... ;) . ... 90 - 93>2 O.L - 93 Rich. & W. Pt. Ter.Trust . ........... , ....... . 6 .... 44 - 44 Truat receipts ... .... . 40 - 46¼ 41¼- 60 48 - 52¾ .... Stamped ....... ....... . ... 62 - 57:J,t 52 - 55¼ 54 - 66:J,f 54 - 57¾ 56 - 66¾ 66 - 70¾ 68 - 69:J( 65:J,f- 67¾ ..•• 1st, col. trust, tr.rec.;) 18 - 19:J( 19 - 24 21 - 24¾ 23!1(- 27¾ 23¾- 26¼ 24¾- 26:J,f 24¾- 26¾ 26¾- 32¾ 32¾- 35¾ 32 - 33¾ 30¼- 32¾ .... Rio G.W.-lst, 1939 .. 4 68¾- 70 67¾- 69;.( 68 - 69¾ 68¾- 71 65 - 68¾ 6e - 68¼ 62 - 66¼ 62 - 67~ 66 - 67 65¾- 67¼ 67¾- 71~ 69 - 71 KomeWater. & Oir,Con.lst, ext ........... ;) 113¾-114¼ 114¼-115¾ 115 -115 114 -115¾ 115¾-117 116 -116 116¾-117 116¾·117 116¾-119 115¼-117 116¾-117 117 -119¼ Ut. & Bl •.R.-1922 .. 4101 -101 102¾-10~ .... - . . . . • • •• - . . . . . . . . - ••.. 104:J,f-105 . . . . - .... 104 -104 St.Jo.&G'dlsl.-ht.6 66 - 66¾ ..•. - •.•. 62 - 67¾ 66!1(- 69).( 65 - 65¼ 61¾- t17 64 • 67¾ 64 - 66 65 - 65 60 - 63 . . , - . . . . 58 - 58 Trust receipts ........ . - • . . . 59 - 62 57¾- 58¼ - . . . . . . . . - • . . . 47¾- 47¼ . . . . - • . . . . . . . Kan. C. & Om., 1st .. ;) .... St. L. Alt. & T. H.bt ........... ............. 7 100~-102 . . . . - ... . 102¾-102¾ 102¼-102¾ 102¾-103 ~d, pref .................. , 103¾-104 101 -101>:( 101¾-101!1,.! 102¾-10-2~ 102).(-102¾ 102,:(-102¼ .•.. ~d, Income .............. , 100¾-102¼ 10~¼-103 102%-103¼ .... - •... 100¾-100~ 100¼-100¾ .... Dividend bonds ...... .6 .... - .... 65 - 65 70 - 70 .... - ... 78¾- 78¼ 78¼- 81 81¾- 85 86¾- 86¼ ••• Ch.St. L.&Pad.lttt.;) .... - ... . .... - ... . 102¾-103 . .•. - ... . 103),( -103¾ .... - ... . ..•• - .... 99 - 99 Belle. & So. 111.-lst.8 . . . - ... 112 -112 108 -108 . . . . - . . . . . . . - . . . . . . . . - .. .. 106 -106 106 -107 St. Lou. South., lst.4 ... - ... . 85 - 85¾ .... - •..... . . - •.. . 80 - 90 . ... - ... . 80¾- 80½ .... - ... •··· - ....... . @t. Louis & Iron Mt., 1st, extension_. ........ ;) 102 -108 100¼-101 101 -102!1( 102¾-103 102:J,{-103¾ 102¾-103).( 102¾-102¾ . . . . - . . . . . . • - . . . 101¾-101¾ 101¼-103 102¾-103¼ 2d, 189'7'...... . .. . . . . . ,- 102 -105 104¼-106¼ 105 -107 107 -109 104¾-105¾ 104 -104 104 -104 104J.si -105 106 -106¼ 106¾-108 105 -106¼ 105~-106 - .... 103 -103 103¾-104 99:J,{-100 100).(-100¾ 100 -100¾ lOO§{i-100¼ 101 -101¾ 101¾-101¼ •99 -100 Arkansas Branch .... , 100 -100 100 -100 - ... . 101 -101 101 -101 98 - 98 Cairo Ark. & Texas., 97¾- 97½ 99 - 99 97 -102 103 -103¾ 103¾-103¾ 97 - 97 99 - 99 Gen. consol. & 1. a .... ~ 71 - 74 73 - 74 73 - 79¾ 77J4- 81 75 - 80¾ 75 - 78 75 - 76 75 - 79 79 - 83¾ 78¾- 80 79¾- 80¾ 78¾- 80 - . . . . 79 - 'i9 79 - 'i9 • . . . . . .. - .... Stamped, iruar ... ... ;) • ... - ........ - . ... 76 - 76 . . . . - . . . . 75 - 75 . . . . - . . . . 75 - 75 t. L. & San Fran.lid, claH A .......... . ... 6 101 -107>:( 107¾-110 .... - •... 113 -113 108¼-109¼ 110¾-112 ...• - .... 113 -113 111¾-112 112 -113 113J.fa-114¾ Claas B .................. 6 101 -107).( lOT;,2-110¼ 110 -110 112,:(-113 108¼-112 110¼-112 111 -111¼ 111 -111 118 -113 •111!,j,-13¾ 112 -113¼ 113¾-lH¾ Class c .. .............. ... 6 101 -107¼ 107¼-109 110¾-110¾ 112 -113 108¾-112 110¾-112¾ 111 -111 111 -111 113 -113 111¼-1137(i 112 -113¼ 113¾-114¾ Equipment, 189~ ..... , 100¾-100¼ .... _ •.• . •. . . _ General mort .......... 6 82 - 90 90 - 90 95 - 95¾ 97 - 98 93¾- 95>:( 92%- 96 86 - 94 89¾- 94¼ 95¾- 95¾ 95 - 9S 95 -102½ 101 -106¾ 90¾- 93 General mort ......... . ;) 70 - 73 . . . . - • • . . 79 - 81 82 - 84 81 - 82 81 - 85>:( 79¾- 81¼ 82¾- 83!14 84 - 84 • • . . Consol. mortiraire .... 4 37 - 43¾ 44 - 46 45 - 51½ 49 - 51 44¼- 46>:( 46 - 52¾ ..• - .... 40 - 44¾ 42 - 43¼ 30 - 41 38¼- 45 44¾- 53~ 73 - 73 tat, trust, 1987....... . :J .•.. - •.•. •··· - •··· 6™- 70 - •... 67 - 68 72 - 73 . . .. - . . ...... 90 - 90 Ft.S.tl·Van.B.B.lst.6 ···· St. Louis Southw'n59!1(- 62¾ ht, 1989 . .............. . 4 55¾- 58¾ 55¾- 58¼ 56,:(- 61¼ 60 - 62¼ •55 - 58¾ 54¼- 56¾ 53 - 55¼ 53¼- 6{J 57¾- 60¾ 58¼- 59¾ •57 - 61 2d Inc., 19~9 ......... . 4- 16¼- 20 16¾- 19¼ 16¾- 20 18 - 20¾ 14¾- 17 15 - 16¼ 14J.&· 15¼ 14 - 20 18 - 20 16¼- 18¼ 17!1(- 20¼ 18 - 19¾ .... 102 -104 . . . . . . . ... . . 103¾-103¾ . . 103 -103½ 103½-104 104 -104 :St.P.&Dul.-~d,191'7'.6 103 -105 103 -103 . . . - ... 113 -113 113¼-113¼ 114¾-114¾ . . . . - •... 114 -115 l ■t, 1931. ...... ........ ;) 112¾-112¼ .... St • .P. Minn. & Man. lat, 1909 ..... .. . ....... , 107 -107 108 .-108 109¼-110¼ .... ~d mortar., 1909 ... .. 6 117 -117 118 -118 120 -120¾ 118 -118½ 118 -118 118 -118 111 -118¼ 118 -118 119¼-119¾ 117 -118 118¼-118~ 118}(-ll~ Dakota Extenslon .... 6 115¼-115¼ 116},i-116¼ 118¾-120 119).(-121 •117J4-l18 118 -118 118 •118 .... - •.. . 118½-118¾ 119 -119½ 117½-118¼ 118 -118 1st, consol., coup .... . 6 115 -116¾ 116¾-116¾ 117¼-122 120¾-121 121 -121¼ 120¾-121¾ 116 -116¼ 118 -118 118¾-119 118¼-120 119¾-120 120¼ ·121¼ Rearlstered .............. - ........ - ... . .... - ....... - .... 117¼-117¼ .... - . . .. .... - ... . 114 -114 'Reduced to ......... 4¾ 97¼- 99¼ 98¾- 99½ 99½-100% 100¾-101¾ 100¾-101¾ 101 -102¼ •99½-100¼ 100).(-101 101 -101¾ 101 -101¾ 101¼ 102¾ 102 -102:J( Montana Ext .. lst ... 4 84 - 84¼ 85 - 86 85¼- 87 87¼- 89¼ 86).(- 88 85¾- 86 85 - 85¾ 85 - 85 84).(- 84¾ . ••• - .... 85 - 88¼ 84 - 85¾ Minn. Union, 192!.e .. 6 .... - . .. 116:J,f-116¾ ...• - •....... - ........ - ........ - •.. . ...• - •....... - •... .... - ••.. 120 -120 Montana Cent., 1st. 6 . . . . - .... 109¾-110 110 -111¼ 115 -115¾ 113!1(-115¾ 112).(-114¾ 110¼-111 111 -111 110¾-112 110¾-112 113 -114 116 -116 1st, iruar., 1937 .... ;) 97 - 98 99 -100 99!1(-100 101 -101¼ 101 -102 100 -102 98 - 98 .... - .... 99¾-101¼ 100 -101¼ 102 -102 102 -103 E. Minn., lat, 1908 .. ;) .... - .... 102 -102 . ... - •.•. 102 -102 102 -102 101 -101 101 -101>:( 101 -101 101¾-101¾ 99¼- 99¾ . . . . San An. &Ar. Passlst, 1943, aold, iru ... 4 50¾- 56 53¾- 56 54!1(- 57¾ 57¾- 59¾ 55 - 58 54 - 55¾ •51 - 55 51 - 55 56 - 57➔-! 54¾- 56¾ 55 - 58¾ 56¼- 58~ S.F.&N.P•. lst,1919 .. ;) .... 88 - 97½ .... 90 - 90 s. V. & N .E.,lst,1989.4 70 - 74, 72>:(- 74¾ 73 - 76 74 - 77 73¾- 73¾ 70 - 72~ 67 - 73 68¾- 72½ 75 - 75¼ 75 - 77¾ 74 - 75¼ 75 - 75 South Carolina· •· lat, ex Apr.,'91, cp .. 6 .... - ... . lt5 -110 .... :South Yuba Water .... :; .... - ... 101¾-102 1027-(-102¾ 103 -103 South'n Pac, Cal-1 t .. 6 .... - .... 107¾-108 107¼-108¾ 107¼-107¾ 108 -108 107!1(-107¼ 104 -107 107 -107¾ 109¼-109¼ 106¾-106¼ 107 -108 108¾-109¾ lat con sol., 1938 .... ~ 88 - 88 88 - 90~ ~ 91'-' 88 - 91 85¾- 85~ .... - . . . . . .. - ........ - ....••• lat, consol., 1937 ... . ~ .... 91 - 91¾ 4'89¼- 91¾ 90¾- 91 90 - 91¾ 90 - 91 91 - 92¼ 91 - 93 .g(}~- 91¼ 90%- 91¾ Au. & N.w., ht.'41.6 78¼- 80¼ 80 - 80¾ so - 80¾ 80 - 81¼ 80¾- 83 83>:(- 85¾ 81¾- 83 s1 - s2 81¾· 86¼ 86¼- 89 88 - 89 88 - 88¾ So. Pac., Ar!z. , lst .... 6 92 - 94.¾ 91 - 91 91 - 93 92½- 93 92 - 93 92¼- 92¾ 88 - 89 .... - •... 92¼- 9J ~2¾- 92¾ So. Pac., N. Mex.-lst.6 95>:(- 98 97).(- 97¾ 97¾- 98¾ 98 - 98~ 97¾- 98¼ 97¾- 98¼ 91%- 96 95¾- 98 97¼-100¾ 101 -103 102 -103 102!1(-103J.& s;~1::~c!:~: ~~:.-~~!::i:::: = :::: :::: = ::::1:::: = :::: ::·· = :::.j:::: =:::: .... = •:J::: = ::::i:::: = ::::c: =:::· :::: = :::: 'I'enn.Coal&IronTennessee Dtvision .. 6 Bir. Dlv .• lst . ..... . . 6 Oababa Coal, 1st .... 6 'Term'l of St. Louis ..4¾ • Ex-interest. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 75 - 77 77 - 80 . . .. ... . 80).(- 83 82¾- 86 85 - 85 - • . • 85¾- 85¼ 79 - 82 82 - 83 - ..•. 85 - 87 82¼- 85¾ 83 - 86 80 - 81 81 - 81 78 - 78 80 -85 1~=1~ 78 - 78 *75 - 77¾ 74 - 76 .... - .... 80 -82 79 -83 - .. •. 100¾-100¾ . . . . - l~~:=1~~~ . •• . - 83 -84 BO DS. RAILROAD ltl9.t-{;oncluded. JANUARY FEBR'RY, j MA.ROH. APRIL. JUNE. MAY. JULY. --- --- AUGUST. 8EPT 1BER. OCTOBER . Nov'BER. DEO'BER~ ---- - - - - -- - - - - - - - ---Texas & N. Or lean ... . - .. . . ... - .... .... - . .. . .... - .... 1st, 190~ . ............., .... - .... ... . - .... 110 -110 110¾-110¾ .... - .... . ... - .... .... - .... .... 91 - 923,,( 91¾- 92½ 91¾- 92¾ 91%- 92¾ 92 - 92 ll!lt, consol., 1943, it-~ 90¾- 92¾ 90 - 90% 90¼- 91¾ 91 - 91¾ 91 - 92¾ 92¾- 93:J( 90¾- 92 ... . .... .... -104 ..... . 102 ... . .... .... .... -102 104 Sab. Div., lat ...... . ... 6 - . ... .... - . .. . 103¾-103¾ . ... - .... 105 -105 105 -105 .... - . ... .... - . ... .... - .... Tex. & Pac.-ht, E. D.6 . .. - .... .... - ... .... - ... .... - . ... .... - . ... 104 -104 .... - . .. . . ... - .... .... 763,,(- 78~ 76¾- 84% BONDS. Low.High Low.High Low.High Low.High Low.High Low.lllgh Low.High Low.High Low.High Low.High Low.High Low.High> 83¼- 85 82¾- 85 87 - 87¾ 86 - 87¾ 86¾- ~ •863'- 87¾ ~-82 81¾- 88 80 - 82 1st, itold, 2000 .... .. . . ~ 72¾- 77¾ 21 - 23 21¼- 28~ 25 - 28 24¼- 26¾ 241-fi- 27¾ 24¾-26M 'Id, Ir•• Inc., 2000 . ... . ~ 17¾- 231,fi 20¾- 23!,,( 20¼- 25¼ 23¾- 26¾ 21 - 247,( 20¾- 24 Third A venue (N . Y .) 118¾-115 111 118 114¼-115 -112¾ 114¼-116 117¾-117¾ -118¾ 115¾-116 118¾- 119¾ .. .. - ... 118%-119 118¾-119¾ 120 -120¼ ll!lt, 1937 ............. ... ~ - .... .... . ... .... - . .. . .... .... .... 66 - 71 65 - 68¾ 70 - 78 71 - 72 68¾-69¾ - .... Toi. A. A. &Cad,,'11.6 · ·• · Toi. A. A. & N. M., lst .6 .... - .... .... - ... . 70 - 78¾ 74 - 80¾ 77 - 86½ 80 - 85 80 - 81 ··•· .... - . .. 55 - 55 70 - 70 60 - 70 .... . .. . ... . .... - .... .... - ... . .... . .. . .... ... . ... . - .... 80 - 80 Trust receipts . . ... . ... . .... - .... .... - .... .... - .... · • • · - .... .... ... - .... 80 - 80 .... - .... .... - .. .. .. - . . ... - .... - . .. . 80 - 80 .. .. - .... lat, consol., 1940 .. .. ~ 82 - 82 - .... .... .... .... .... ... . 75 - 75 ... . .... .... 75 - 78 78 - 81 82 - 85 85 - 85 . ... - .... 76 - 82 . .. . Toi.A.A.& G.T,-1st .. 6 .... 60 - 62 65 - 67 70 - 72 .... .... .... - ... . 74¼- 74¼ . ... .... .... - . ... . ... - . ... .... - . Toi. A. A. & Mt. Pl.- 6 Toi.& Ohio Cent.- lst .~ J-04 -105½ 1053,,(-107 106%-107~ 107¾-lOrn 107¼-108 107¼-107¾ 103½-104 104¾·105½ 105¾-107 107 -107 110 -110¼ 110¾-111¼ .... .... 102¾-104 102¾-103!),.( 102 -102 102¼-102¾ 101¾-101~ 108 -108 104 -104 104, -104¾ . ... - ... 103 -105 West. Div., l•t, '3~ .~ 72 -7 79 - 84¾ 83¼- 84 78¼- 79 82 - 83% .... - .... 68 - 69¼ .... - . .. 71 - 71'ff 78 - 75 T.P.&W.-lst, 1911 . . 4 78¾- 79 72¼- 74 .... .... .. . 68 ... . 68 ... .... .... .. . - ... . . ... . - ... .... . ... .... ... . .... .... 68%- 69 Funded coups., 189~ . .... - . .. . 58¾- 60 60 - 62 61 - 64 .... 62~(- 62¼ 61l}.{- 6~ 60 - 61 .... - . .. .... - .... 56 - 56 59¼- 59¼ . ... Tol.St.L.& K.C.-lst. 6 58¾- 60 59 - 59 55¼- 57¾ 57¾- 62¾ 59¼- 60¼ 59¾- 62½ 60 - 62¾ 60¼- 6ll}.{ 60 - 60 Trust recelptl'I ...... .... 58¾- 58¾ 58¾- 58¾ 59¾- 63 58 - 58 98¾-100 99 -100¾ 100 -100¾ 99'¼-104 101¾-101¾ 101¼-101¾ 101)4-102¼ 102 -102½ 102¾-103 108 -108¾ 101¾-1023,s Uls. & Del.-lst, con .. ~ 99 -100 Union Pacific104 *101-104¼ -105¼ 104¾-105 105¼-107 105½-106 102¾-106 103¾-104¼ 103¾·105 104¾-105¼ 105¼-105¾ 108¼-106¾ 108¼-104 lat, 1896 ................ 6 11!1t, 189,. ... ........... . 6 101 -103¾ 104 -105 1041-fi-106 106 -107 106 -106 108 -107 108¾ lOi¾ 108l}.{-105¾ 105¼-106¾ 105¾-106¾ 104 -107¼ 104 -104~ lat, 1898 ............... 6 102 -105 104¼-106¼ 106¾-108¼ 106¾-108¼ 107 -108¾ 108 -107¾ 103¼-104¾ 104 -106¾ 106 -107 106¾-107¾ *105-108¾ 105 -106¾ 1at, 1899 .... . ..... ..... 6 105 -105¾ 106¼-107¼ 108 -108½ 109 -ill .... - . . 108¼-107¾ 104 -105 104¾-107¾ 107 -108 107¼-107¾ *106¼·109 106¼-106 97¾- 99 95¼-100 •96 - 99 95 - 97¾ 97 - 99 Slnklnit fund .. . ........ 8 95¾-100 100 -108 *99 -100¼ 100¼-102 98¾-101¾ 90 - 97¾ 91 - 97 Collateral Trust ..... ~ 70 - 70 .... .... .... ... - ... . 61 - 61¾ .... ... . ... . .. . 69¼- 69¼ 69 - 69 .... .... 71¼- 72 91 - 98 75 78 80 ... ... . ... . 84 Collatero.l Trust...... ti 70 - 76 .... - .. 61 - 61 80 84 ... . ... . .... .... 89 - 90 45 - 47 46 - 46 40 - 44¾ 44¼- 44¾ 40 - 40 . ... - . ... 40¼- 4 41¼- 41¾ .... .... 44 - 46 Collateral Trul!lt .... 4¾ 4.9 - 49 .... .... - .... .... ... . . ... .. .. ... - . .. ·• .... 40¼- 4 40 - 41 .... Tral!lt receipts.. . ..... . .... - .. .. .. - ... . .... - .... 41 - 41 87 - 89 82 - 90 82 - 89 88 - 90 85 - 89 82 - 86 Col. tr. notes, '94, g.6 82 - 88 -.ss - 91 90 - 92 913,,(- 92¼ 89 - 92 86 - 89 .... 103 -108 108 -103 101 -101 102¼·102¼ 103 -103 108¾-104 104 -104 .... - . ... 105 -105 Kan.Pac.-!st, 1S9~.6 104 -105 .... - . ... .... -105 108 102 -105 101 104 -104¾ ... fj .... ............. 1896 -101 -ll\6¾ . .. . 105!'(-106 ... 101 105 -105 105¼-105¼ 105¼-105:14 1•t, 105¾-107 .... 108¼-108¾ 106¾-109 104¾-106¾ 104 -104¼ 104 -106 105¾-106¾ 106 -106¾ 1003,,(-107 107 - 10 Denver Div... ........ 6 101 -1073,,( 106¼-107¼ .... 72 - 82¾ 74 - 81 78 - 87 80 - 86¾ 75¼- 79 l•t, consol ...... . ..... 6 82 - 87 87 - 90 89 - 97 S8 - 89 75 - 80 89 - 97 75¼ 77 44 - 46 45 - 49 39 - 40 .... 40 - 40 . .. . 35 - 85 40 - 42 89 - 40 4.0 - 45 At. Col. & Pac.- lst .. 6 40 - 46 88 - 38 44¼- 50 .... 88 - 40¾ 26 - 26 .... . ... .... - .. . At. J. Co. & W., ll!lt.6 ... . - .... .. - .... 48 - 48 40 - 40 ... . - . .. . . ... - . ... .... - . .. . .. .. 89 - 921-fi 88 - 911-fi 84 - 87~ 76 - 82 87 - 91 78 - 87¾ 84 - 87¼ 79¾- 84 78 - 82 Orea'. Sh. Llne-lst ... 6 75 - 87 81¾- 88 87 - 91 ... . ... .... .... .... .... .... .... .... ... .... - ... . .... - .. . 86 - 88 88 - 91 Trust receipts .. ..... ... - .. .... - .... .. 48 - 48';( .... - .... 48 - 46¾ 42¾- 46¾ 45¼- 49 40 - 46 Or.Sh.L. &U.N .• con.~ 48 - 51~ 51¼- 56 52~- 54 54 - 56¾ 47¾- 54¾ 48 - 48 45 - 49 45 - 45 40 - 40 .... - .. .. 36 - 88 .... - ... .... - . ... .... 41 - 48 Collat,Tst.,1919,1r.~ 44 - 44 46 - 55 .... .... 81 - 82 86 - 90 85 - 85 .... - . ... 80 - 86½ 83¼- 85 80 - 80 .... - .... .... - . ... 81 - 81 Utah Southern-Gen., 80 - 85 87 - 88 .... 82 84 . ... 79 - 84 .... - .... 82 - 82 .... - ... .... - .... .... .... 80¾- 81 75¼- 86 .... Ext'n, 1st, 1909 ..... , 80 - 80 , 44 - 45 45 - 47'4 45 - 48¾ 40 - 45¾ 81¼- 37¼ 32 - 85¼ 88¾- 40¾ 81) - 41 37 - 40½ 87½- 42¾ 89 - 40 U .Pac.Den.& G.Con.~ 42 - 46 .... .... - ... 47 - 47 49 - 49 Un.Pac.L.&Col .,lst.~ .... - .... 87 - 40 .... - . ... .... - .... 4.5 - 47¾ 40 - 40 40 - 45 .... - . .. - .... .. .. - .... 70 - 82 82 - 87¾ 80 - 83% 82 - 83¾ 77 - 82¾ 71 - 77¾ 65 - 77 60 - 72 U.S. Corda1re-ll!lt ....... .... - . ... , ... - .. .. U.S. Leather- 191:i .. 6 104¾-105½ 104 -105~ 105 -106¾ 106¾-1073,,( ~108¾--0434 104¼-106¾ 106 -108¼ 108¾-109 109 -110¾ 110¾-112½ 109 -110 10!)¾-110 ... .... .... - .... . .... • • · .... 55 - 55 . ... - .... .... .; . ... .... ... . ... . .... Utah & No.- it., '26 .. .. ~ .... - .... .... Vlr&'lnia. Midland75 - 75 80 - 88¾ 88 - 90 86 - 90 95 - 96 86 - 88 90 - 92¾ 98 - 98}( 98¾- 96¼ 97 - 99 General, 1936 ..... ... ~ 70 - 71 94 - 96 80¼- 89 78 - 76 86 - 90 87 - 88 Gen., ituar.l!ltamped .~ 72 - 72 94¾- 97¾ 97 - 97¾ 95 - 96 92¼- 92¾ 93 - 98 88 - 90 94¾- 96 Wabash102 -108¾ 103 104 108¼-lOi}( ·104 101¼-108¼ 102¼-104'¼ 104¾-106 104%-107 •108¾-105 104¾-105 -106¾ 106 -10™ •108¾-05¼ 1st, 1rold, 1939 ....... . Ii 66 - 78 61,:!- 78¼ 65½- 71¾ 69 - 72 2d mort., 1rold, 1939.~ 72¾- 76½ *70 - 78¾ 70 - 7534 74 - 79¾ 78¾- 77¾ 78 - 75 69¼- 74 69¾- 71 .... 21 - 27 25½1- 281,fi 21 - 24 26 - 27 22 - 22 24'-'- 26 25 - 27¾ 22 - 28 28¾- 24 20¾- 2 Deb. inc., 1939, s. B.ti .... - . ... .... .... 102¼-102¾ 102%-104¾ 104¾-104% 104¾-104% ISt.L.K.C.&N.R'l E.1 105¼-105¼ 105¾-107 103¾-104 104~-105¾ 105 -106 105 -105¼ 105¼-105¼ .... No. Mo.-ll!lt,189~.'1 108 -104 104%·104~ 104¾-105 105¾-107 106¼-107¼ 106¼·106¾ *102¾-108 103¼-108~ 103¾-108¾ 104¾·105 105 -105¼ 105¼-105¼ .... ... . - ... .... 107¼-107¾ .... ... . ... . . 8t.C.B'1re, lst,1901'.6 .... .... . .. .... ... .... - .... ... - .... .... .... . 99 -100 98 - 98½ 98¾-100¾ 100¼-101 101 -101 98 - 99 98 - 99 98¾- 99 96 - 98 D. & Ch. Ext. J94U .. ~ 97¾- 99 98 - 98 99 -100 West. N. Y. & Penn.1st .. .. . ................... ~ 98~-100¼ 99 -100 99 -100¾ 100 -101¾ 100¼-101¾ 100¾-101 97 - 97¾ 97 -101¾ 102 -1083,,( 103 -108½ 108¾-104¾ 104¾-l.06 18¾- 20~ 19 - 20~ 20¼- 21¾ 20 - 21 .... 2d M., a-., 1921 .... 3-~ 19¾- 22 .... .... - . .. . ... .... 24¼- 24¾ 24!Ji- 24¾ .... - .... ... . ......... receipts Tru ■t .... - . .. . - .... 20¾- 20¾ 20 - 21¾ 191-fi- 2~ 21¾- 26 24¼- 25!),.( 24 - 25¼ 24¼- 253,( 24¼- 25¼ · W. Union TeleitraphRedstered ............. 1 .... - .... 110 -111 .... .... .. .... . ... . 111¾-112 .... - . ... 116 -116 · · •·• .... .... Collateral trust ..... ~ *108 -104½ 108¼-108¾ 1081-fi-106 106 -107 106¾-108 108 -109 105¾-106 107 -107 108 -108½ L07¼-107'7-" 107¾·108¾ 1()8¾-llO¼· Wheel'1r & Lake Erie1st .... .................... ~ 106¾-108 107 -107 106 -107 105 -105¾ .... .... 106 -lot 100 -106 ... .. .... .... - . ... 03¾-103½ 108 -103¾ 102¾-108 .. .. . ... .... .... ... . .... - .... .... .... Consol ............ . .. .... 4 .... - .... .... .... - .... 74 - 75¼ .... . - . ... .. .... 85 - 92 .... - .... .... .... 95 - 95 .... ... ... .... . Ext.& lmp.,1r.,1930:~ .... .... - ·•· · . ... .... .... - . ... 99 -100¾ 100¾·100¾ .... - .... .... .... 96 - 96 97¼- 98 Wheel. Div., ll!lt ...... ~ .... - . .. 94, 95 96 - 96¼ 98¾- 96 ....... ... 70 - 74"'( .... .. .. .. .... . ... .... - .... .... - .... Wh. L. E. & P. Coal .. ~ .... .... .. . Wl ■consln Cent'I Co.58 54¾- 58 64 - 76 l ■t, 1reld........... ...... ~ 65 - 65 50¼- 59¾ 57¾- 59¼ 54 51 - 55 52¾61 - 60 71 - 74 73"'- 76:J:( 75 - 77 .... 18¾- 18 16 - 17 15 - 18 .... - . ... 9 - 10 ... - .... 8 - 10;. 10¾- 10¾ 6¾- 9 8¾- 9¾ .... Income, 1931.......... ~ .... .... - .... - .... .... - .... - .... .... - - .. . - - . - - .... - - .... - .... ... - .... - . .... - .... .... - .... - .... - . - -. - .... - - - . . - .... - - - - - - - - -. - - - - - - - - - .. . - ... - - ... - . - .... ... - .... .... - ... - - - - - .... - - ... ... .... - - - - .... - .... - . - .... - .... -. - ... .. - ... .... - ... - - - - - ... .... - ... - - .... - - - .... - ... - - .... - .... .... .... .... - . .... - .... - . .... - .... - .... - ...... ... - - .. - .. . - . ~ - .... - • Ex-Interest. 1~9:.. BOND~. JANUARY FEDR'RY. MA.ROH. APRIL. MAY, JUNIC, JULY. AUGUST. 8£PT'BER. OCTOBER. NOV'BER. DEO'BER Low.High Low.Hillh Low.High Low.High Low.High Low.High f,ow.Bigh Low.High Low.High Low.High Low.High Low.High, Ala. Mid.-lst, 1928.. 6 .. .. - .... 90-90 .... - ........ - ........ - .••..• Am. Cot. OU Co.-ll!lt. ~ 111 -113 110¼-110¾ 110¾-112 111¾-ll3¾ 111¾-llS¼ 118 -113¾ - .. . . .... - ... . .... Ann Arbor-1st, '9~,it-4 .... Atcb. Top. & S. Fe.72¼- 76¾ 68¾- 65¼ 62¼- 68¼ 6rn- 73¾ 72%- 75 Gen. mort., 1989 ..... 4 63 - 67 71%- 76¾ 72¾- 73 Trust receipts ........... Relrll!ltered ... . .. . . . . . . . . .. - .. .. .. .. - . . . 63½- 63¾ . . .. - .. . . .. . . - . . . . 78¼- 78¼ Trust receipts .. . . . . ... . ClaH •'A" 19~9, :l¾.4 16¾- 20¼ 16¾- 18~ 16¼- 21¾ 19¾- 28¼ 21¾- 27¼ 23¼- 26 - .... 27¾- ~ 1st inat. po.id ........ . . .. . Clo.ss •• B," 1989 . ... 4 17 - 17 ... - . . . . ... . 2434- 2i¼ . . . . 26 - 26 Incomes, 1989, it old.~ .... - ........ - . . . . . . . Atl. Av. CB'klyn)-lm.~ .. . . - .... 93¼- 94~ .. . . . ... 50 - 51½ 45¾- 46¼ 46 - 49½ 48%- 50¾. ... Atlo.ntlc & Pac.-lst ... 4 44¼- 49 4}(- 5 21,fi- 21,fi 2l':(- 2¾ 2¾ - 3¾ 8¼- 6 3 Income ........ .... ... .... ti 8 2 - 8¾ 4 - 4 Central Div .• income . .... - .... .... Baltimore & Ohlo.... ... . .... - .... 118 -118 lst, Parker11b'1r Br .. ti .... - ........ - G~:;1~~!:;d~~~.~:::.-:~112¼-112½ .... https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis = .. .. 110 =1 i0.. 106½=1~~ !: =~o! ll3¼-113¾ 111 -ll4 76 - 80¾ . ..• 75¾- 81~ 80 - 83 76¾- 76¾ .. . - 112 -118 113 ·114 110 -111½ 106 -111¼. 69%- 70!':( 70!1;(- 78 77¾- 77½ 80¾- 84¼ 78¾- 82¾ 77¼- 79¾ 1 68 - 78 76½- 76¼ • ••• 79¾- 79¾ .... - .... - .. . 27½- 84¼ 82¾ - 86¾ 81¾- 87¼ 29¾- 84% 26 - 80 85 85 - 85 ... . 50¼- 51¼ 50¾- 51¼ 49 4 - 4¾ 3 4 - 5 4¼- 4¼ .... 85 - 85 •• . • 45 - 45 - 50¾ 48 - 48 8 - 8¾ 2 - 8 - 5 - 85 =1~~~ ~~~½=11~~ ~~~ .... 2 - 3 - 122 -128¾ 122 -128¼ 1~-123¾ . ... - 111¾-lll¾ 112 16 - 27~ =1~~.t~ -ll2¼ 112 ... , =1~:Y~~~~ . .. RAILROAD 79 BONDS. I 896-Continued. JANUARY FEBR'RY. MARCH. APRIL, JUNE. Jd..AY. JULY. AUGUST. SEPT'BER. OCTOBER. NOV'BER. DEC'B•R. BONDS. --- Low. High Low. High Low.High Low. High Low.High Low.High Low.High Low.High Low.High Low.High Low.High Low .High - - - ---- ---- ----· ---- - - - - ··- - - - - - - - - ~-- - - - - Bait. & Ohio-(Con) - .. .. 113¾-113½ ... - .... 115¾-115¾ .. . Consol., irold, 1988.. ~ ... - ...... . - ... 105¾-1015¾ .. .. - .... 112 -112 .... - .... 101 -103 . .. . - .. .. 102 -102 105 -105 102¼ ·102½ ... . Ak. & • hie. June ... .. :S ••• - .... ••• 107 -107 - .... 108 -108 B.&o.s w.-1st, 1090 106½-106½ .... ... . 100 -100 101½-101½ .... .... 100 -100 B.&O.SW.Ry.'93.4½ .. .. 15 - 16 18 - 20 20 - 23 1st income, B ... .... -~ .... - ....... . - ... . 101½·103 103¼-104:J;( 105 -105 - .... 107¾-107¾ ... . 10! -10;; 103:¼-lM¼ Bait. Belt-1st, gu. ~ . 100 -100 100,(-100¾ 97½-101 - . .. . .. . - .... 105½-105½ . .. - .. .. 111 -111 W. Va. & Pitts., lst.:S ... . - ........ - .... 106 -107¼ ... . ... - .... 106¾ ·108½ 102 -107¼ Beech Creek.-lst, g .. 4 104¼-104¾ .. .. - ... 103½-105 LOS -105 l05 -106¾ 106¾-107 - . . . . 81½- 81½ . . . - . . . . . . . . - . . . . . . . . Bost. Un.Gas-Tr. ctfs .. 80¾- 80¾ .... B'way &'1th Av,-'43.~ 109%-110½ 109 -110¼ 110 -110}11109 -110% 110¾-113¾ 111 -112½ 112 -114 114 -115 114 -115½ 114~-116¼ 115½-116¾ 112 -114¼ Re&'istered ... .. . .. . . . .. .. 112½-112½ - .... 114 -114 . . .. Brooklyn City-Cons .. ~ 111 -113¾ 111 -111 111 -111¼ 111 -111 112 -112¼ 112½-115 113 -114 Buff. Roch. & Pittsb.General ............... .:S •. .. - • . . 97 - 97½ .. .. 96 - 96 96 - 00½ . .. . 97½- 98¾ 98½- 99 97 - 97 97½- 97¼ . .. - ... . 123½-124 125 -125 124 -124¼ 125 -125 R. & P., 1st, 1921. .. 6 1~4½-124½ .... - .... 122 -122 122 -122 120 -122 Consol., lst ..... , .... 6 117½-118½ 116¾-117 115½-117½ 117¾-118¼ 118½-119½ 118 -120 119 -119 120 -120 122 -122 .... - .. . 122 -122 119½-119,s Brooklyn Elevatedht, 1924 ..... ......... . ff 87¾- 89½ 88½- 89½ 86 - 95 91 - 98¾ 98½-108 104¾-106½ 105½-106½ 106 -106½ .... - .. .. 104½-106 104½·106¾ 102 -104 75 - 76¾ 75 - 76¾ 7::, - 76~ 79 - 79 . .. . - .. .. 79½- 79½ 78 - 78 2d mort,, 191~ ... . 3-~ . . . 62 - 65 72½- 78 UnlonEl.-lst,1931'.6 85 - 87 87½- 88¾ 84½- 94½ 93½- 99¾ 96 -106 103 -105¼ 103½-105 105 -107 106 -107½ 106 -107¾ 103½-10-l¾ 100 -103 87¼- 88¼ 87¾- 88½ 88½- 88½ 87 - 87¾ 87 - 87½ 86 - 86 S.S.& B.B., lst,'-l'l.~ .... - . . • . . . . - ... .. ... - . . .. 104!1:(-107¼ 106 -108¾ 107 -108 102½-104½ 102 -104½ 102 -103¾ i02¾-103 92 -103 B'klyn Whf. & W.H .. ~ .... Buf,&Sus,·•lst,1913.~ 95 - 95 Burl. c. Ray. & No.1st ............... .. ...... . . ~ 106½-107 104 -106¾ 104½-106 105¾-107¼ 106½-108 105 -106¾ 105¼-107¾ 106¾-108 107%-108 107~-108 108).r109½ L04 -106¼ Consol. 1st & col, tr.~ 95 - 97¾ .... - . . .. 95 - 96½ 94¾- 98½ 98¾- 99¼ 98 - 99 97¾- 97¾ 97¾-1Cl2 103 -103 99 -100 100 -102¾ 100½-102'1 C,R,l,F,&N.,lst...... ti 104 -104 .... - ........ - .... 101½-101¾ 1st, 1921 .. ............ ~ 95 - 95 - .... . .. - .. .. 98 - 98 - . ... . .. Ia,C.&West,lst,'09.7' .... - .... J •••• - .... 107 -107 107½-107½ 107½-107½ 108 -108 lv5 -105 .... M. & St. L,, 1st, iru .. 7' .... - .... 132 -132 - .... 140 -140 , .... .... - .... 1-lO -140 .... Canada SouthernI 1st, guaranteed........ 109 -111 110 -111 109 -111 109 -110 109½-112 111 -112¾ 109)4-110½ 110 -110¾ 110¾-111½ 110½-112l,!i 110¾-111¾ 110 -111 2d mortgage ........... ~ 105½-107 104½-106½ 102½-104 103¾-103% 103 -105½ 104¾-106½ 107 -108¾ 108¼-108¾ 106½-107½ 107 -108¼ 107¾-108½ 103 -108 Registered . . . .. . . . . . . 101 -101 . • .• - .... 103 -103 L05 -105 I .... Central OhioReorganizat'n, lst.4½ .... - .... 103½-104 i104 -lO·l .. .. Cent. RR. & B,, Ga .. ~ 93½- 95 95 - 95 95¾- 95¾ 95 - 95 . •• . = ... 1.::·:·:· 57 57 Sav,&W,,lstcon,,g,:S 50 -50 - .... 60 -50 50 -53½ 53 -56 j 53½-56 Trust receipts ........... - ... . - .... 54½- 55½ 53½- 58 57½- 64½ 61¼- 64¾ 61¾- 64 63½- 67½ 63¾- 67½ 60 - 6~ Oent. of New JerseyI Consol,, 1899 ......... , . . .. - .... lll½-112 . .. . - .... 111%-111¾ 111\14-111¾ 113 -113 .. .. - •••. 112¼-112½ 111)4-111¾ .... - . .. . .. .. Convertible, 1902 ... , 119¼-121 .... - .... 114 -114 - ........ - •••. '120 -120 - ........ - .... 115¼-116¾ ... Conv, deben .. 1908..6 ... - ........ - .... 114 -114 114 -114 Gen, M,, 1987' ........ :) 111 -112¾ 111,4-112 111¼-112½ 112 -113 113¾-117 117 -118½ 115 -117 116¾-119¼ 118 -119 119¼-120 1111 -119¼ 116 - 119 Re&'istered. .. ... . :) 111 -li2¼ 111 -111 109¾-111 110 -111¼ 112¾-115 114½-116 114.x{-115)41157,(-115)4 118 -118 117¾-118,, 116 -117 115 -116 Leb.& W.B.-Assent, 105 -108 105 -107 101¾-105 104 -105 105 -107 104¾-106½ 106¾-108¼ 108½-110 106¾-108½ 106¾-108 107½-107¼ 105~-106 Mort1rn.1re, 1912 .. .. /i 92 - 92 .... - . . .. 85 - 85 - . .. 85 - 86 85 - 89 . . .. - .... , fll½- 91¾ .. .. - . . .. .. . . 92¾- 92!14 .. .. Am. Dock & Imp ..... .:S 112 -114½ 111¼-113 112½-113 lll¼-112½ U3 -113 - ... 111%-113½ .... - .... 114¾-115 115¼-116 116½-117¼1113 -113 N. J. South'n, 1899 .6 ... . 106 -106 - ... 105 -105 Central Pn.ciflcGold, 189~.... .. .... 6 100¾-100¾ 100¾-100½ 100¼-1~ 101 -102 101¼-104 1103 -103 . ... - .... 103¼-103¾ .... Gold, 1896 .. ......... . 6 101¾-101¾ 100 -100¾ 100¾-tOO¾ 101¾-103 104¾-104¼ .... - .... 101¼-104 .... - .... 104¾-104½ 106 -106 104½-106 106\i-1063-{ Gold, 189,- ............. 6101½-102 101 -101¼ ..•. - .... 101½-103% .... : = ~:½~~:½,~:~=~~~?!u=~ 05~1 05~:1 ~ ,.,~:¾~~: _ Gold, 1898 ... ..... .... . 6 1027/4-103½ 101¼-103½ 103 -103¼ 10¾ -105 74 ""72 0 77 4 10674 1 7711 ;6 103 10611 1 San Joaquin Br .. . .... 6 .... - ...... - .... .... 106½-106½ .... - .... 105¼-105½ .... - ........ - .... , ... - ... 107.1.,(-107¼ 107 -107 106½-106" Lnndgrn.nts ............ ~ 93.¼;- 93¾ 90 - 90 .... 98 - 98 , .... - .... 95½- 95¼ . . . . - . . . . . . . . - . . . . . . .. - . . . . . . . . - . . . . . . . - . . . . Western .Pn.c ...... ... . . 6 104 -104 102¼-102¾ .... - .... 106½-106½ .... - ........ - .. . 105)4-106 1106¾-106)4 106½-106¼ 107 -107 106 -106¼ . .. . .. . 1 1 No. ofCo.l., 50 Year .. 5 91 - 91¼ 90¾- 91¾ S-0¾- 93 90¼- 02 92 - 93½ 92½- 93 92¾- 94¼1 94 - 94½ 93¾- 94¾ 92 - 93~ 93 - 93¾ 91½- 93~ lst,190'1,guar ..... 6 .... - .... 1. . . . - . . . . . . . . - . . . . 101 -101 ... - ....... - .... . .... C.& 0, Div. ext.,' 18.:S .... - .... 106½-106½ . . . . - .. ·1 · .. - .. .. . ~ - ... 106¾-106¼ 107¾-lO'i½ . . . - ... . Chesapeake & Ohio~ 1 P, mon, fund .......... ti .... - ... 106½-106½ 106½-106¾ 105¾-106 . ... - .... 108 -108 .... - ........ - ... 10,¼-107½ 107¼-107¼ 107½-107½ . .. - .. .. Series A, gold, 1908.ti 119¼-119¼ 120 -121 120 -120 117 -117¾ 118j§-l19¼ 118½-119¼ 120 -120 ... - ........ - ... 117¾-118 118¾-119 118 -11~ Mort., 1911 ............ 6 118½-119¾ 117¾-118½ 120 -120 116½·116¼ 116!),.(-117¼ 118¼-118¾ 121 -121 121 -121 121¾-121¼ 118½-118¾ 119 -119½ 119½-119¾ 1 1st, con., g,, 1939 .... 5 105¾-107½ 104¼-106¾ 103¼-106¼ 105¾-109 105¼-110¾ llQ¾-111¾ 111¼-112 lll½-112¼ lll!l,{-112½ 111¾·112½ 108¼-109¾ 105~ l(Xij( Re1liste1•ed............. . . .. - .. . . . .. - .. .. 103 -103 105½-105½ .. .. - . .. . .. .. - .... 107½-107½ .. .. - ... 108 -108 General, 1992 ...... 4¼ 71 - 75¼ 71¼- 74 69½- 75 73½- 76½ 76 - 81¾ 80 - 83¼ 83 - 83¾ 82½- 83½ 80 - 82¼ 79½- 81 78¼- 80 66 - 78~ R.&A.D,lstcon,'89.4 93¾- 94 91 - 92:J4 91 - 92¾ 92 - 93¼ 927/4- 97 97 - 98¾ 96 - 99 96 - 9'::X,, 95 - 97½ 94¾- 97¾ 95¾- 97 9:lJ.(- 97 2d cousol., 1989 .... 4 .... - . . . . - . . . . 85 - 86 87¼- 87¾ 90 - 90 88 - 88 .... 89 - 89 86 - 88 85 - 8U Craig Vo.I , 1st, '40 .. :i .... - ... 95 - 95 Eliz, Lex. & B, 8 .... 5 98½- 99% 97½- 99¾ 95 - 98 95¾- 97¾ 97½- 99¾ 99½-100¾ 101 -102¾ 102 -103 101 -102 101¾-103 102 -102½ 102¼ ·103 ()bes. 0, & S, W ........ 6 .... - .... 105%-105% ... 2d, 1911 ................ 6 ... . - ........ - . .. . 45 - 45 - .. . . 48½- 4.8¼ . . - ... Cblcairo & AltonSinking fund, 1903 .. 6 .... - .. . - .... 116½-117 114 - 114 115¾-115¾ 115)4-116½ 116½-116½ .... - .... 117¾-117¾ .... - .... 116¾-116~ L.&Mo.R.lst,1900., 116½-116½ 113 -113 - .... 113½-114 113:1:(-113¾ .... 114 -114 .... 2d, 1900 ........ ...... ,- .... - ... .. . - . . . . . . . . - .... 111½-lll½ . . . . Miss.R.Bdg ,lst,s.f.6 .... - ....... - .... 107½-107½ .• .. - ... . 105¼-105¼ .. .. Chic. Bur. &No.-lst.~ 104¾-105¼ 105~-106½ 106 -t06¼ 104!,,i-104¼ 104 -104¼ 104 -105 105 -107 107 -107 107 -107 105 -105 Debenture, 1896 . .. . 6 106½-107 Cblc, Burl. & QuincyConsolidated .......... , 118½-121 118½-119½ 118 -119 119 -120¼ 120 -121½ 121¼-123¼ 119½-120¾ 120¾-120¾ 120 -121 120¾-121 120 -120¾ 118 -121}{ Sink, fund, 1901 ..... ~ - ... . 104¾-104¼ .•.. - .... 108 -108 107 -108 - .... 104!1:(-104¾ .. . 105 -1:>5 Debenture, 1913 ..... ~ 100 -101 99½-100½ 98¾- 99¼ 99 -101 100 -101¾ 101 -102½ 100½-103 103 -104 103 -105 103½-105 101 -102 101¾·102 Convertible, 1903 ... 5 10'.3½-104 102 -102¾ 99¼- 99¼ 99½-100¾ 100¾-104¼ 104½-105¼ 106 -108 107½-109 104½-106¾ 104 -104¾ 103½-104 101 -10-l~ Iowa Div .. sink, fd ... 5 .... - .... 108 -108 .... . - .... 107½-107¾ .... - ........ 1919 .......... . .... . 4 99!)(-100¾ 98½- 99½ . ... 96¼- 96% 98 - 98 98½- 99 119)4-100¼ 101 -101½ 101 -101 99¾-100 99'¼- 9U¼ Denver Div., 1922 . .. 4 96 - 96¾ 93½- 94 94 - 94¾ 94)4- 94¾ 95¼- 95½ 96 - 96 97 - 97 .... - .... 96 - 96 95½- 95½ 96 - 96 Nebr'skaE 1927'.4 87¼- 88!14 86%- 88½ 87 - 89 88 - 83¾ 87½- 92 91¼- 92 91%- 92½ 92 - 93 92¾- 94¼ 91 - 94 89½- 90¾ 88 - 90J,i Registered. 87½- 87¾ .... - .... . ... a7¼- 89¾ 90¾- 90¼ 90¾- 90¾ .... Chien.go & E. Illlnoislst, sinkinr fund ...... ti 116 -116½ 114½-114½ 116 -116 - ... 117¼-117½ 114 -114 114½-115¼ 114½-115¾ .... - .... 113¾-1133" tstconsol,, gold ....... 6 124 -1~5½ .•.. - .... 124 -124 121½-123¾ 123½-124 .... - .... 125½-125½ 127 -127¼ .... - . . 126½-126½ .... - ... 122½-123!,,i Gen. mort., 193,- . ... ~ 97 - 98¾ 96 - 97 86¼- 98 97 -100% 98 -100¾ 99¾-100¾ 99¾-100¾ 100¾-103¼ 103 -104 103¾-104 100 -101½ 99 -101¼ Registered ............. .... - .... 103 -103 Uhic. t;as L, & C- 1st .. ~ 90¼- 94 93 - 94¾ 9i - 94½, 93 - 95 95 - 96 90 - 02¾ 90 - 92¾ 92 - 93 92½- 93~ ll3 - 94 92¾- 93¼ 93 - 95 Chlc,&ln,C'lRy-lst.~ 96 - 96½ 95 - 95 95 - 97 I 95 -101 100½-101 100 -100 100 -100 99½-101¼ 101¼-103½ 103 -103 1C3 -103 Chic. June,& Stk. Y ds.~ .... - ........ - ... . lOS -108 .... - .... 108 -108 .... Chic. ll'lilw, & St. P.ht, P. D., 1898 ...... 8 114%-115¾ 110 -111 110%-111 111 -112 112 -112½ 112¾-113¾ 113%-113¾ . . . . - .... 109¾-109¾ 109¾-110 liQ¾-111 110 -111 2d, P. D ., 1898..... 7''3 119¾-119¾ ... . - . .. . 116 -116 .. . . - . . .. 118 -118 . . . • - . . . . . . . . - •. _ . . .. - .... 122 -122 ht ,irold, R. D,1902.7 120 -122½ 121 -122 120¼-122¼ 122½-123¼ 123 -124: 124½-126¼ 123¼-123½ 123½-124¾ .... - .... 125¾-125½ ... - .... 126¾-126!,i ht I, & M. Div ........ , 112 -113¾ 112 -113 112 -114¼ 115½-119 . .. . - .... 120½-123½ 124¾-124¾ 123¾-126 .. . - .. . 120 -123 ht 1. ~ D, Div ... ..... , - ........ - ..•..... - .... 120 -122 124 -124½ .... - ... l25_ -125__ _ _ _ .._.. I :::::ioo 0 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis I 100.. 80 RAILROAD BO D . I S9:i-t: on tin ued. , BONDS. J .A.NU.ARY FEBR'RY. M.ARCH. APRIL. M.AY. JUNE. JULY. AUGUST. SEPT'BER. OCTOBER. Nov'BER. l>EC'BJCR. Low.High Low.High Low.High Low.High Low.High Low.High Low.High Low.High Low.High Low.High Low.High Low.High - - - - - - - ·- -· ·- - - - - - - - - - - - - - - - - - - - - - - - -----1-----1-----1----- Chic. M. & St. P .-( Con.) - ... . 122 -122 1st C. & M. Dlv .... . . 1123 -123 - .... 121 -125½ 124~-124½ 125 -125 126 -126 .... - ........ - . ... 124½-124½ . ... Consol., 190:J ....... . . , -126 -126 125 -126 126 -126 127 -127¾ 127½-128 128 -129¾ 126¾-126½ 127¾-127¾ 127¼-127½ 127 -129 128 -128 125 -128¼ 1st I. & D. Exten . ... .1 .... - .... 126 -127 128 -128 129 -130 . ... - ....... - .... 129 -129 - ... 182 -132 lSO -180½ .•.• 1st So. West. Div ..... 6 115 -116¾ .... - .... 114%-115¼ 116 -l.1.6 . . . - .... 118 -119½ 115½-116¼ 116 -116¾ 117 -117 117 -1177-( 117 -118 117;(-118½ 1st Lo. C. & Dn.v ..... . :} 105½-108 105½-107½ 106 -106 106 -107¾ 1077/4-107% 108 -108 .... - ....... - . .. . .. . - .... 108%-108% 109 -110½ 110 -110 _. st So. Minn. Div . .... 6 116 -117¼ 116¾-117 115 -116¾ 116 -117 117 -118 118 -119 115)4-117 115¾-118 118¾-118¾ 117½-118 118 -118¾ 115¼-118 ht H. & D. Div ....... 1, .. .. - ... . 122 -122 122 -12!½ 124 -127 127 -127 127 -127½ 125½-125¾ 126 -126 127¾-127¾ 128 -128 127 -127 - .... 106½-10~ 1st H. & D. Div ... .. :J 106 ..:100 .. . - .... 105¾-106 .... - . ....... - ... 106 -106 106½-106½ 107¾-108 Chic. & Pac. Div ...... 6 117 -118½ . ... - .... 117¼-117½ 116%-116¾ 118½ -118½ .... - .... 117 -117 119 -119 .... - ... . 11e -118¾ .... - . ....... Chic. & Pac. W. Div .:J 110¾-111¾ 109¼-110¼ 110 -112¾ 112 -112½ 1121}s-lll$½ 114 -116 112¼-113½ 115 -116 115¼ 116 115 - 115¾ 115 -115½ 115¼-115¾ Chic. & Mo. R. Div .. :J lM½-105¼ 104 -105½ 104 -105 104¼-106¼ 107 -107 107 -107½ 105¾-106¾ 106¾-110 107 -108 107¾-109 109 -109 100 -109¾ Mineral Point Dtv ... ~ 106 -106¾ 106 -106 106 -107 107 -107¼ 106 -106¾ ... - .... 105 -105 107 -107¾ 106¾-107¾ 107 -107½ 108 -108 .. . . - ..•• Chic. & L. Sup. Dlv.:J .... - .. .... . . - .. ...... - .... 108 -108 - ... 106½-108 .... - ........ - ........ - ... . Wis.& Min. Div . . . ... :J 107¾-109 109¾-109½ 108¾-109 108½-109 109 -110 109¾-111½ 109½-110 110 -110 112¼-112½ 112¼-113 - .... 108¾-112 Terminal.. .. .......... ~ 108%-109½ 108½-109¼ 109 -109 llQ¾-110¾ 110¾-110¾ lll¾-112 109½ 111 lll¼-111¾ 111¾-112 . .. - .... 112 -112 110½-112 Dakota & Gt. So • .. .:J 104' -lM½ .. . - .... lM¾-106½ 106¼-107 107 -107~ 109 -109 105¾-105¾ 108 -108 107¼-108 ... . - ~ Gen M.,"A." 1989 ... 4 87½- 88½ 87 - 87½ 87~- 88 88 - 91 90)4- 93 93 - 94¾ 94½- 95½ 95 - 96½ 95½- 96½ 95 - 96 95¾- 96¼ 95¾- 96¾ Rea-istered. . ........... . . . . - . . . . . . . - .. .. 91 - 91 - • ••• 94' - 94 94' - 94 94¼- 94½ Mort. cont., s. t.,' 16.:J .... - . . ...... 102 -102 .... - .... 105 -105 105 -105 Chic. & Northwest'nConsol., 191~. . . .... , 142¾-143!14139 -140½ 189 -140 139 -139½ 138 -140½ 140 -141 141¾-142¾ 140½-140¼ 140 -141¾ 140½-141¾ 140 -141 139 -140¼ Gold, coup., 1902 .... , 121¾-122½ 121¾-12."-J¾ 120½-121¾ 120 -121½ 122 -122½ 119¾-122 121 -122¼ 122¼-122¾ .... - .... 122 -123 123 -123¾ 120 -120 Gold, reir., 1902 ...... 1 122 -122½ 122 -122 120 -121 120 -122 .... - .... 119 -121 .... - .... 121 -121 121½-123 122 -128 120 -120 118 -118 Slnklna: tund,coup .... 6 120 -120 120 -120 ... - .... 115 -115 - .... 114 -115½ 115 -117 117 •117 .. . - .... 116 -116 lU -114 .... Registered ............. . . . - .... 116 -116 . .. . - .. . . .. .. . . . - .. . . . . . . - .... 116½-116½ . . .. Sinking fund, coup ... :J 109½-110¾ 109½-110¾ 109½-110½ 106¼-106¾ 106½-108½ 108¾-100½ 108½-111½ 112½-112¾ 112 -112 .... - .... 108 -109 109¾-109¼ Registered . . ... .... .... 109¼-109½ ..•• - ........ - ........ - .... 110 -110 .... - .... 107 -109 108 -108 - .... 109 -109 Debenture, 1933 ..... ~ 106¼-110 108¼-109 108½-110¾ 109 -109 104¾-108¾ 109 -109¾ 110 -110 111 -112½ lll¾-111¾ 112½-112½ 111 -111 110 -110 RegisterPd ... ...... .. 5 108%-108¾ 106 -106 .... - .... 108 -108 - ........ - .... 112>fi-ll2½ 107½-109 ~5 yrs, deben., 1909 .~ 106½-108 106¾-107¾ 107 -107¼ 107 -108 105½ -107¼ 105¾-106¾ 106½-106¾ 107 -107 106¼-106½ 108 -108 106 -107 100 -106 H cgiste1·ed........ ..... . . . . - ... ..... - . . . 105 -105 - .... 105¼-105½ 105 -105 30-yeo.r deb., 1921 .. 5 107 -108 106¼-107 106%-107 105 -107¼ 107 -107¾ 107 -108½ 109 -111 lll¼-112 112 - ll2 110 -112 .... - .... 103 -109¼ Registered . ........... 107 -107½ . . . - .... 105 -107 . . . . Exten. bonds, 1926 . . 4 100 -100 100 -102)1 98½- 99½ 98¾- 99 100 -100 100¼-102¾ 101¼ 103 .••• .. .. 102 -102 102 -102 .•.. Reiiistered . ....... . 4 ... - ... . 99½-100 - .... 99 - 99 - .....••• Esco.n. L. & S., lst .. 6 ... - ... . .... - .... 112¼-112¼ .... - •. UQ¼-110½ ..•• Chic.& Mil.-lst ...... 1 . . . . - ... . 110 -110 . . . . - .. .. 110½-110¾ . . . - .... 109 -109¾ .. .. - .... 109½-109½ 110 -110 Winona& St. P.-'.ld.1130 -130 .•. . 127 -127 - .... 128¾-128¾ .... - .... .... - ....... . Milw. & Mad., lst ... 6 .... - .... 115½-115½ .... - .... 114½-114¼ .. .. - ... . .... - .... 115 -115 Ot. C. F. & St.P. ht.5 .. .. - ... 106¾-106½ .• . - ... . 108¼-108¼ .... No. III., 1st, 1910 .... ~ ... .... 106 -106 - .... 110 -110 .... 111 -111 Chic. R. I. & Po.cificCoupon .. .. ........... ... 6 126 -127 126¾-127¾ 126 -126¼ 12J½-128 127 -130 130¾-131 128 -130 130¼-131 130 -130¼ 130 -131¾ 182½-132½ 1S2¼-182¾ Re1ristered ............ 6 126¼-126~ . . .. - . .. . . . . . . . 126 -126 126~-126¾ 126 -128 .... - .... 129¾-129~ 130 -130 .... - ... . 130 -130 .... Exten. & Collateral.:J 100½-103 100 -101¾ lOOl}s-102 100¾-102½ 102¼-105½ 105 -107½ 104' -105½ 105 -1011~ 105¼-106% 104%-105¾ 104¾-105¾ 101 -106 Rea-istered.. .... .. .. ~ 100 -101¾ tOQ¾-100¾ . . .. - .... 101 -102 100¾-101¼ 102½-102½ IM -105 - .... 105 -105 . . . . - .... 103¼-103½ 101 -102¼ Debenture, 1921 ..... :J 91 - 91¾ 90½- 91 88 - 89¾ 88¾- 90½ 90 - 92¾ 91½- 97½ 97 - 99 99 -100 96½- 99¼ 96¼- 98 95½- 98 92 - 97 Keok. & Des M •. lst.:J 101½-101½ 96¾- 96½ 96 - 99 9¼ - 97 99 - 99 99 -104 100 -103 .... - . , .. 103 -103 J.03 -106½ 105½-107 107 -107 D.M.&F.D.lst'0:i.2½ 58 - 58 57¾- 57¾ 57%- 57% .... 59 - 59 60 - 62½ 6:i - 64 •••• 66 - 66 .... - .... 59½- 59½ .••• 1st. 1905 ... ..... .. . 4 83 - 83 ... - . .. . 83¼- 83½ ·• .• - .... 85 - 85 .... - . .. . 87 - 87 84 - 85 Extensio.n, 190:J ....4 . . . 84 - 84 Chlc.St.L.&Pitts-lst.~ 115 -115 114 -114 116½-115¼ ... . - .... 116 -116 - ..• . 118½-118½ 117¼-117½ ...• Chic. ~t.P. Min.& Om.-126¾ 122 -125 123½-125 124¾-126½ 126 -129 125 -127 127 -128¾ 128 -128½ 127½-128 128~-129 129¾-130 122½-127¾ Consol., 1930 ..... . .. . 6 123 Chic.St.P.&M.-bt .. 6 .... - . ... 128 -128 127 -127 12?½-127½ 126½-126½ .... - ..•. 130¾-180¾ .•.. - . . 131%-131¾ 132 -13i¾ 129 -129 130 -180 St. P. & S. Clty-lst .. 6129 -129 128 •-180½ 128¼-128½ 124 -124¾ 126 -126½ 127 -1:30 130¾-130¼ 132½-132¾ 133¾-133¼ 128¾-129½ 128¾-129 128¾-~ Chic. & West. Ind.- .... 118 -118 117 -117 .... 118>,;i-118½ · · · Gen. mort., 1932 .... . 6 118 -118¾ 107 -107 116 -116¼ 116¾-116¼ 116¼-117¾ 115½-116 1st, s. f., 1919, gold.6 .... - .... 106¾-106¾ .. Cln. H11m. & Dn.ytoni-inking fund .......... 7 . ... - .... 119 -119 .. .. - .... 118 -118 •••. 2d, 193'7, gold . .... 4¼ ... - .... 100 -100 .•• . - .... 105 -105 105 -105 105 -105¼ 105½-105½ lO'i¼-107¼ Ctn. Day. & b. lst ... ~ 100½-101 99 -101 100 -102¾ 101½-103 100¾-103¾ 103 -104 104' -111 110 -112 109¼-112 110 -112 107½-110 109 -109¾ C. I. St. L. & Ch.- lst.4 95 - 97 95½- 95¾ 94½- 95% 94½- 95¾ 96 - 96 96 - 96 . . .• - ... . 100 -100½ 100 -101 101 -101 99½-100 95 -100½ Clo. San. & Cl.-lst .. . ~ .... - .... 108 -108 - .... . ... - ..• . 107¼-107½ 110 -110½ ... . - .... UQ¼-110~ •.• • Cleve. & Canton-1st .~ 82¾- 85 82 - 83 85 - 86½ 87½- 87½ 88 - 94 90¼- 92 - .... 91½- 91½ .... 90 - 90½ 91 - 91¾ 85 - 90 Clev. Cin. Ch. & St. L.88-88 .•. Gen'l, 1993, gold .... 4 Cairo Div., 1st, '39 .. 4 90 - 90 .... . ... 90 - 90 ... .. .. 91 - 91 93 - 96 .... 98 - 93 St.L.Div., 1st, 1990.4 90 - 90½ 9031,- 91¼ 90½- 91¼ 91 - 91½ 89½- 92¼ 92¼- 94 9! - 96 94½- 96 9.!½- 95½ 95 - 95¼ 91 - 1?3 92¾- 93¾ Sp.& Col.D. 1st. '40.4 .... 92½- 92½ ... 87 - 87 83 83 W.W.Vn.I.lliv.tst,g.4 .... - ........ 95 - 95¼ 96¾- 97 941 -i- 96 Cin. Wab. & M., lst.4 90¾- 90¾ .... 91¾- 91¼ .. .. - ... . 92½- 92½ .... c.c.c.&1.-1st,s.td .. , 113 -113 113 -113¼ 113¾-113¾ 113¼-113¼ 110½-111 111 -111% 112 -112 .. .. - ... 112 -112 112)4-112¼ 109 -109¼ lOjjM-109~.( 132 -132 Consol. 1914 .. . .... 7 .... - ........ - .... 130 -130 133¾-133~ ... . - ... 135 -135 126½-126½ 126¼-126½ General cons . .. . ... . 6 122¾-122¾ 118 -122¼ . ... - . . . 122½-123 .... - .... 122½-124 119½-123 lt4 -124 125 -125 Cl. Lor. & Wheel.-lst 103½-105¼ lM -1<>4k 104½-106¾ lM -106½ 107 -107½ 107 -108 108 -109 108'1(-109½ 109)4-110 107¾-109¼ 108 -109¾ .•.. 120 -120 UI. & Mab. Vo.1.-'3~ .. ~ .... 9a - 9811. Col. Con.I & I.- lst.con.6 98 - 95 93%- 96 94' - 95 9! - 95 92 - 95 94 - 96 98 -100 lOO -100 100 -101 100 -101¾ 101 -101 Colorado Midlo.ndlst, gold . . ..... .......... 6 70 - 71 68½- 66 62 - 70 68 - 74 72½- 75½ 72½- 75 77 - 77 Trost receipts ....... ... .... - ........ 75 - 'i8¼ 75½- 77½ 78 - 78¾ 77½- 78)4 .... Consol., gold. 1940 .. 4 18¾- 21?.( 18¾- 19½ 17 - 22½ 22 - 24½ 2¼ - 28~ 25¾- 26½ 25¼- 28½ 28¾- 28½ 28 - 30½ •..• Trust receipts . ....... .... 26½- 26½ 25½- 30 28 - 29 28 - 30¾ 28 - 29½ 25 - 27½ • • • U.&H.C.& 1.-191''.6 .. .. - ........ - ........ - .... 75 - 75 Vol. & 9th Ave.- bt .. :J .. . - .. . .. .. - .. .. - ... llQ¾-110¾ 110)4-111¾ 111¾-llf>¾ 110¾-113 111 -114¼ 113¼-115 tU -115¼; C.H. Vo.I. & Tol,-lst.5 87¼- 89¾ 88¾- 90 86¼- 92½ 90 - 92½ 91½- 9-1 92 - 98 92¾- 9!¾ 93½- 95U 90½- 98 85¾- 91 86 - 87 84¾- 89 Gen. gold. 1904 . .... . 6 88 - 89 88 - 90 90 92 - 98 95 - »7¾ 93 - 96 92 - 95½ 93 - 95 94½- 94½ 89¾- 9! 92 - 1,2},( 88:X,- 88 Consol. Coal, conv ..... 6 .... - .... - .... 100 -100 .••. Consum.oa..tChicllst .t; 82½- 86 81¼- 86;( 84)4- 85¾ 85 - 85 85¾- 88~ 85¼- &7 80½- 85 82 - 82½ 83½- 88}4 87 - 89¼ 86 - 88 ~ - 85 Del. & Hud. Canal.Penn. Div .. coup . ... 7 .... - .... - ........ - . . ...... - ... HS -143 Rea-istered . ... ... .... 7 - .... 142 -142 - .... 140 -140 Alb.&~u..q.-ht,&u.1129¼ -lZS!½l~-131 130½ -131 ...• . .. 130 -130 128 -128 .... - .... 129 -129 1st coup., guo.r ..... . ti 120¾ !.20~ 12()¾-120¾ 121 -121;( .... - .. .. 118 -118~ 11'1 -119½ 119Xi-119½ 119~-119¾ 120 -120 117 -118 .. . . Reiristered ........... llli¼-tHl½ .... - .... 120¼-120¼ .... - .... 117 -117 llens. & So.r.-lst .... 1139 -188 .... - .... 141¼-141¼ ...• - ..• . 141 -141 Del. Lack. & West'n- ..•. 131 -131 132 -132 Mortgag-e, 1901 ...... , ... - .. 130 -180 130 -1S0½ 130 -131 8yr.B'n & N. Y., 1st. 1 130 -130 .... Morris & Essex-1st., 142½-144 140 -141 141 -148¼ 14'3 -144½ 139¾-141 141 -141 141¼-142½ 141¼-144¼ 144½-144½ 144 -U7 143 -142½ 141~143 Bonds, 1900 ........ , llf> -117½ 116 -116 .... - ... 116½-116½ 118 -120½ .... - ... ... .. - .... 116 -116 - .... 116 -116 1871-1901. ... .... ... 1111)¼-llPl}s 116½-116¼. .. - .... 116½-116½ 117 -117 ... - .... 119 -119 119¼-120 120 -120 117 -117¾ 118 -118 ... . Con1110I., ll11R.l'..... ... . , 140¾-140¼ 140 -142 140 -141 140\,(-141~ 140¼-143¾ 139 -140 140½-140½ . . . . - . . . 141 -141 141 -145 145 -U5 140 -1 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis RAILROAD 189a-Continued. -- -----JANUARY FEBR'RY. MARCH. APRIL. :A.AY. 81 BO D . JUNE --- - - - - - - - - - - - - - - - - - ~ - - JULY. AUGUST. 8EPT'BER. OCTOBER. NOV'BER. D EC'BER. ---- ------------------------------- 1----1 ---Low.High L ow.High Low.High Low.High Low.High J,ow.High Low.High Low.High Low.High Low.HiJZh Low.HiJZb Low.High -----·-----•1----- - - - - - - ---- - - - - - - - - - ---- ---- - - - ---- - - - BONDS. Del. L. & West.-( Con.).N. Y. L. & W.-lst . 6 132 -133¼ 132 -132 131 -131¼ 131¼ -132¾ 133¼-135 134¼-136 132½-133 135 -135 134 -134 132 -135½ . ... - .. . .... - ... . Conl!ltruction . .. . .. ~ .. .. - .... llc¼-113¾ 114 -114 114¼-115½ 115¾ -116¼ 117 -117 - .... 117½-117½ . . .• - .... •. .. - ........ - ... : Warren, ~d, 1900 ... 1' .... - . . ..... - . ... 117 -117 .... - ......•• - ...•.•• - ... . 113¼ -113¼ •... - .. . Denv. & Rio Gr.-lst .. , 115 -115 114.¾-115 114¾-114¾ 115 -115½ 112¾-112¾ .... - .......• - ........ - .. . 116¾-117 117¾-118¾ 113 -114¾ lrn¾-114 Newconsol, 1936 ... 4 79 - 81¾ 79½- 81½ 80¾- 83 82¼- 85 85 - 87~ 87¼- 89 86 - 87¼ 87¼- 91¾ 91 - 94¾ 91 - 92¾ 89¼- 93 86½- 93½ Improvement, 1938.~ ... . - .... 84¼- 87 85¼- 86¾ 86 - 90¼ 91¼- 92 90 - 90 ..• 90 - 92 Det. & Mack.-Mort . .4 .... 65 - 65 Detroit Gas- 1918 ... . ~ ... 64 - 7'?. 71½- 74¾ 75 - 75 74 - 75¼ 73 - 73 76 - 78½ Det. Mack. & Marq.20 - 25 20 - 21 23 - 23 Land arant .......... . 3 ¼ .... 24 - 24 24 - 25½ 21¼- 24 20 - 20 25 - 25 24 - 25 Det. B. C. &Alp.-lst . . 6 - .... 40 - 40 Duluth & I. R.-lst . . . !'i 92½- 9:tl}:( . ... 91 - 92 91¼- 95 94 - 96½ 96 - 96~ 96 - 98 98¾-101 100¾-102¾ l lO -103¼ 101¾-103¾ lu0 -103¾ Dul.S.S.&Atl.-1937.~ 97 - 99½ 90 - 96 90 - M 91½- 96 96 - 99 99 - 99 96 - 97 99¾-100 99¾-100 99¾-101 99 - 99 98 -100½ East Tenn. Va. & Ga.1st ..... . ......... .. ........ , 112¼-112¾ 111¼-112 112 -112¾ 112)4-112¾ 112½-113)4 114 -116 111 -111 lll!,i-112 111¾-111% 112¾ ·112¾ 112¾-113¼ 112½-112½ Divisional. ....... .. . .. ~ 11()¾-111 109 -110 109 -109 . ... - ... .. ... - ... . 114 - 114 .... - .. .. 114 -115 115)4-115¼ 115 -115¼ 111 -115½ Consol., 1st, 19~6 .. . ~ 103)4 104½ 102),i-105 104½-105¾ 105)4-106½ 104 -107¾ 107)4-110 109 -110 109,s-110½ 110½-111 110 -110½ 107 -107!J:1; 105 -108½ Knox. & O.-lst, lf . . . 6 112¾-113½ 112 -lH 111½-113 .. .. - .... 1137-(-114 114 -115½ 114½-115 114¼-116 114¾-114½ 114¼-116½ ... . - ... . 116 -118 Alabama Cent., lst .. 6 .... - ........ - . . . . . . - . . . . ... - .... 112½-112½ 112½-112½ .... - ........ - ... . 110½ -110½ •••. - .. . . .... - ......•• Reorg-. lien,193S .4-~ 80½- 83½ 79¼- 81 80½- 83 82 - 84½ 85 - 90 88 - 92 92½- 93¼ 92½- 93½ 92 - 9~½1 93½- 94½ 92½- 9! 93 - 93¼ Edison E. 111.Co.-lst.~ 107¾-108% 107 -108 104½-106¾ 105½-106¾ 106¾-108¼ 108)4-109¾ 108!1-.(-110 109½-110 107¾ -108¼ 108 -109¼ t 08½-109½ 107 -108½ Consol . ... . . . . . . ... .. ~ . ... - ........ - ........ - ... . l0!l¼-103½ 103)4-104 103 -103½ 102%-103¼ 103 -103½ 103 -l0!l¼ 103½-1031}! Edison El., B' kin, l st.~ ... . - ... . .... ... - ... . ... - ... . tll½-111¾ 110 -112¼ 112½-112½ •••• - ... . 110)4-110¼ 110+110½ Eqult. Gas. & F.- lst ..6 95 - 96 94 - 95 95 - 97 95 - 96 96½- 98 9i - 95 . .•. - .. . . 95 - 96 96 - 97½ .... - . . . . 97 - 97½ Equit.GasN.Y.-1932.~ 112½-118¾ .... - ... . 111½-112½ .... .Erle & Plttsb.-con ... , . . . . - ... . 108 -108 Erieht, Ext., 1891' ... .... 7 108 -108 108 -109 109 -109 108½-108¾ 105!1:(-106 106 -106½ 106};(-107¼ 107¼-108 107%-108 108 -108¼ .. .. - .. . . 102¾-104M 2d, Ext., 1919 . . .. .... . 5 .... - ... . 116 -116 114 -115 .... - ........ - .... 115 - 115 115¾-115¾ 116 -116 - .. .. 116 - 116 .... - ... . 3d, Ext., 1923 . ..... . 4¾ 110 -110 ... - .. . . 105¼-105¼ 106 -106 107 -108 108)4-108¼ 109)4-109¼ 109¾-110¼ •..• - . .. . ... - ... 108 -109½ lll¼-112 4th, Ext., 1920 .... ... 5 115 -115 115 -115 115 -115 113,s-118,s 114 -114 109 - 115~ .... - .. . . 117 -117 .... 116 -116 ll!½-114¼ .... - . . . . ~th, Ext., 19~8 .. ..... 4 101¼-101½ lOO -100 100 -100 101 -102 101¾-101% .. . . · ........ - ... . 101½-102 .. .. - . . .. ..•. - .. . 103 -103 101¼-103 l8t, conl!lol., gold .. . ... 7 131 -131 131¼-132¼ 125~-128½ 127 -130 130½-134 133½-133¼ 134 -134½ 135¾-185¾ 138¼-138½ 141J4-H3½ H2 -144 138¼ 141 1st, cons., ir,. fund',r '7 .... - ... ··· - - .... 130)4-130¼ 137½·13731! 140 -142 142 -142 .... Long · ock cons.'3~- 6 130 -131 126 -129 127 -128 126 -127¾ 127 - 129 .... ...• - ... 132 -135 .... Buff. N. Y.&E,-lst.7 .... - .. .. 132¼-132¼ 133 -133 - .... 134 -134 133 -133 . ... - .... 134¼-134½ .... - ... . 138 -138 . ••• - ... . 13! -134½ N. Y.L.E.&W.'ldcon.6 63 - 65 58 - 61 56 - 60 62¼- 62¼ .... 66 - 69 67 - 76 76¼- 81¼ 75½- 81¼ •••• Certs. of deposit... . . 63 - 63 55¾- 61¾ 56 - 56 Stamped.......... . .. . ... 57¼- 59 55¾- 62 63¾- 66 66¼- 71 66¼- 66½ 67 - 68 68¼- 77 76 - 81½ 75¼- 81½ 73¼- 77 66 - 75 Collat.trust, 1922.6 .... - .... 100 -100 - .... 100 -100 .... Fond.coup .. 1969 .. . .. ~ .... - .... 68 - 70 - ... . 78 - 79 ..•. Certs. of deposit . .. .. . ... . 60 - 60 .... - . . . . 60 - 60 "18 - 63 66¼- 67 .... - . . . . 76 - 7d 79 - 80 •... - . . . . 75 - 75 65 - 65 Jefferson RR.,lst,g.~ 99¾-100 .... - .. . . 101½-101½ .... - .... 102~-102½ .... - ... 102¾-103 103 -103 .•.. - .... 105 -105 •.•. Chic. & E., 1st, ir . .4.-~ 83 - 86 83 - 85 77 - 86 84)4- 86¼ 92 - 92 92¾- 93¼ 90¼- 92 90¼-107¾ 107)4-113 lll½-114 109¾-111 106 -noa, Income, 1982. . . ..... .. 22 - 23 17½- 22 H¾- 16½ 22 - 22½ 26 - 29 25 - 26¼ 24 - 25½ 24½- 34 27 - 32 .... - ... ..•.. - .... .• •. Reorir. 1st lien, '08.. 6 106 -106¼ 106 -106 - .... 104 -106 107¼-110 110 -110 .... - . . . . ... - ... . 114%--114% 115 -115 . .. . Ev.&lnd.-lst,1926.ti . . .. - . .... .. - . . . . . ... - .. ... ... - ... . .... - ..... .. . - ... . .... - ... ..... - ... .... . - .... to -90 Evans. & T. H.-Cons.6 109½-109½ 105 -105 .... - .... 106 -106 113¼-114 111 -118¾ 110 -111 . . .. - .... 111¼-111¼ 109!}!-111\1:i ••• • - ..• . .••• .Flint & P. Mq.-1ttort .. ti .... - . . .. 109,s-109¼ .. . . - . .. 110 -115 lH½ -116 116¼-117½ 117)4-117¾ 11'77,1i ·118¼ •••• - ... 117½-118½ •••• 1st cons., g., 1939 ... 5 ... . - ... . 82 - 83 82½- 85 85 - 88½ 89 - 89¼ 91 - 91 92 - 95 93½- 93¼ 94 - 95 92½- 93¾ 96 - 03 Pt. Hur. Div., 1st . ... ~ 85 - 85 - . •.. 84 - 85 87 - 90 90 - 90 88 - 90 90½- 91½ 92 - 92 90 - 91¾ 91 - 92¼ 91J:{- 93 Fla. C. & Pen.- lst, g.~ .. . . 99 - 99 . ... - .... .... - .... .. .. Consol., 1943, llOld .. ~ . . . 9ll½- 95½ . ... - . . .. ... . Ft.W.&Df'nv.C.-lst .6 70¼- 74¼ 65 - 70 66 - 70½ e5½- 71¾ 71 - 74¼ 70¼- 73¼ 70 - 71¾ 70 - 78¾ 69 - 74½ 69 - 73 69 - 70 64~- 70¼ Trust receipts .......... .... - ... .. ... - . . . . 71 - 72¾ 67½- 69¾ 68¾- 70½ Ft. W. & Rio G.-lst .. ~ - .. .. 58 - 58 ... . - .... 60 - 60 .... 58 - 58 •••• 60 - 60 Galv.H.&H.of'S2. . ~ 62 - 62 67 - 67 70 - 70 - .... 70 - 70 74 - 80 Galv. Har. & San An.- .... 105 -105 1(17 -107 107 -107 .... - ... . 96-96 1st, 1910 ... .... .. ...... . 6 99 - 99 !id, 190~ ........ .. .... 7 100 -101¼ 100 -100 100 -100 99¾-: 99¾ 100 -105¼ t0l -104½ 104 -104½ 103,s-104¼ .... - .... 104½-104½ 104½-105,s 100 -101 M. & P. Div,, lst .. . . 5 91 - 91¾ 91 - 91¾ 91 - 92¼ 91¼- 93¼ 90 - 93¾ 92½- 93¼ 93¼- 94¼ 92¾- 93¾1 93¼- 94 98¼- 94½ 91½- 93¾ 92 - 93¾ Gen.Elec.-Deb.,1922.~ 87 - 93¼ 88%- 91 87½- 91¼ 89 - 91½ 90 - 92¼ 89½- 90½ 89¾- 90¼ 89½- 90 90 - 93 92 - 93¼ 90 92 35 - 89 Ga. Pac.-lst,1922.5-6 110 -111 109 -109 107½-108),,( 108 -110 110 -118½ 112½-115 112¼-112¼ .... - .. . • ••• - . . . . • •• - . ...•••• - . . .. ... . Ga. So. & Fla.-lsr. g .ti . .. - .... 89 - 90¼ 97 - 97 .. .. Gr. Riv. Coal & Coke.ti .... - .... 90 - 90 .... Gr. Bay Win. & St. P. lst, con., ir., :D. 911 .... ~ 48 - 56 40 - 40 48 - 48 .... 2d, income... . . ... . . . . . . . 4· - 8¼ 2¼- 3½ 2¾- 4% 2!J:1;- 6 5¼- 6 o - 5½ .. . . 4 - 5% 4 - 6¾ 1~ 3 1¼- 1¼ •••• Hao. & St. Jo.-Cons . ff 120,s-120.J.s 118)4-119 115½-117 115¼-116½ 115%-ll6½ 117 -118¼ 118%-118½ 125 -125 120 -120 120¼-121 120 -121 116¼-116½ Uousat'c-Con.,1937 .. ~ 124 -124 . ... - ...•.... - ... . 123,s-124 - .. . . 120½-122 .. .. - . . .. 124 -124 •.•• - . ... ••• . Hous. & Tex. Cent.1st, gold. 193'7 . .. ..... ~ 103 -104 105 -105¾ 105½-106¼ 106 -107¼ 107 -109½ 110 -111¾ 110 -111}4 111 -112 111 -111½ 111½-111'¼ .... - .... 111½-111¾ Consol., gold, 1912 .. 6 102¼-102¼ 101¼-102 101¾-101¾ 100 -101 101 -101!)4 104½-105 107 -108 108)4-110 108½-108½ •••. - .... 107 - 107 .... 69 - 72½ 70¾- 71¾ 70¾- 72½ 73 - 7-!~ 70 - 72½ 70 - 71 General, irold, 1921.4 61½- 62¾ 61 - 62¾ 62 - 64% 62 - 6-'>¼ 64¾- 69 70 - 70¾ - . . . . 85 - 85 85 - 85 90 - 90 99 - 99 100 -100 9~- 96¾ . . . . - . . . . 9.J. - 94 Debenture, 189.,, ... .. 6 • •·· - ... ... .. - .... .••• Debenture, 189'7 ..... 4 83 - 83 .... - . . .. 82-84 ... - . .. . 85 -85 Illinois Central101½-103¼ 102%-103 101 -103 102¼-104 104 -104 •• •• - .... lOi -101 102¼-108 Gold, 19~1. . ....... .. 3½ 97 - 98 98 - 98 - . . .. 110¼-112 1st gold, 19~1 ........ 4 108)4-108½ 109½-110 110 -110 .... - . . . . 110 -110¾ •••. - . .. . 112 -113 .... - .. .. 112 -112 - ... . 104 -l0!i 1◊5 -105 • . . • - . . . . 109 -109 Gold, 19~2 .. .. ...... ... 4 ... - .... 100 -103½ . • • • 101 -101 ..•• - . . ... •. · Reg-istered .. .. . ........ • • • • Gold, 19~3 . ..... ...... .4 98 - 98¾ 98 - 98½ 98 - 99 98%--100 98 -100 lQO½i-100¼ 103½-101 103¾-104¾ 104½-105 104 -101 101¼-102½ 101 -103 Registered . ...... . ..... ... . S printrf. Div., 19~8 .6 .... - ........ - . ...... . - . .. 105¼-105½ ... . - .. ..•. .. Cairo Bridge, 19l0.4 .... - .... .. .. - .. . 101½-101½ . •.. - . . . . .•. - ... . •.•. Middle Div., reir ... . .. ~ ... . - .... 113 -113 - .... 116½-116½ •... - ... - . ...•• •. - .... •.•. C.St. L.&N .O.-1st,c. '7 109 -109 108¼-109 109 -109 109¼-109½ 106½-106½ . • . - .... 108 -108 108½-108½ . • • . - . . .. 105,s-105.J.s 105 -105 Gold, coup . . ... ...... . ~ 116 -116 117 -119 .... - ... . 119 -119¼ 11~½-120 117¼-117½ 118 -121 121 -121 12t -121 121 -121 121 -121 Me1np. Div., 1st, g ... 4 .... - .. . .... - ........ - .... 102 -102½ •••• Cedar F. & M.,lst ... '7 110 -114 112 -112 112 -115 120 -128 .... Western Lines, lst ..4 .... - . ... 1027-(-103 102½-103 103 -104!-<.i 102½-103 102½-103½ 102½-103¼ 102½-102¾ 102¼-103}4 Ill. Steel-Deb., 1910.~ .... 95 - 97 •••• Non-convertible... ... ~ .... - .... 92 - 92 - .....••• - . .. . 90 - 90 92 - 92½ .. .. - ..... ... - . .. . Ind. Ill. & Iowa-lst .. 4 79 - 81½ 81 - 81¾ 82 - 82 82¼- 85 85 - 85¼ 83½- 84 - . . . . 84½- 86 ... . 86 - 86 .... - . . 83¼- 83½ 1st, ext., 1943, ir . . ... ~ . . .• 94 - 95 .... 96 - 96½ .... - .. .. .... - . ... 94¼- M¼ . .. . - . .. . Ind. D. & Spr.-Tr. rec. . .. - ... .... . - . . . 112½-112¼ .... - •. . . 117½-117½ •. •• - .. .. 122 -125 124¾·125 Interior Cond. & Ins .. ti .... 80 - 80% .. .. - .... 81¼- 81¼ 80 - 80¼ 81 - 81 •••• lnt.&Gt.No.-lst, 19.6117½-119 117 -118 117)4-118 118 -120 117 -118 118 - 118%118½-119¼120¼-122 120 -122 121 -122 117 -118 116½-117 ~d, 1 ·9 09 ....... . ... 4 ¾-~ 70½- 71½ 68 - 70 67¼- 70¾ 69½- 72 72 - 79¾ 78 - 80 79!14- 81 82 84½ ':9 - 83 75 - 79¾ 74 - 77 75¼- 76J:{ 3d, I 9~1. .. .. ... ... . ... 4 28 - 29½ .... - .... 20¼- 21 27 - 29¼ 29¾- 31 31 - 31 32 - 32 32 - 35 35 - 35 30 - 32 25 - 25½ .... Iowa Cent.-lst, gold .. 5 85½- 86 85 - 85 84¼- 86 85 - 89¾ 88 - 91 ~ - 91¼ 91 - 9i 93¾- 95 94 - 95.J.s 94 - 95 95 - 96½ 90 - 98M Iron Steamb't, 1901 .. 6 . . . ... - .... 60 - dO 61¼- 62 66½- 66¾ 66½- 66½ 75 - 7~ Kan.&Mlcb.-1990 .. 4 '78¾- 81 79½- 79JJ( 78¼- 79¼ 'i'6½ · 79 77¼- 80 78 - 79¾ 79¼- 80 79%- 82½ 82¼- 82¾ 80 - 83¾ 83 - 83 82 - 83 Kentucky c., 198'7 ..... 4 83 - 83 83 - 85 85 85 - .... _89_;¼:.:=.._-_90_.:...._89_ _ 89_ 87 - 90 90 - 00 00 - 90 90 - 90 89'4- 91 85 - 86 0 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 82 RAILROAD BO DS. J 89"-(:onlinued. BONDS. JANUARY FEBR'RY. MARCH, APRIL. MAY. _ _ _ _ _ _ _ _ _ _ _ Low.High Low.High Low.High Low.High Low.Hi~h 1 Klniis Co. El.-lst, A.~ 68 - 71 68 - 70 68 - 68 68 - 73 80 - 85 Fulton .1!:I., l•t, iiuar.~ .. - .... .... - . . .. . .. - . . 60 - 60 ... - . . . ·Lael.Gas, St.L.-lst, g.~ 92 - 95 90¼- 93 92½· 94¾ 92½- 95½ 93¾- 96¾ Lake Erle & w.-tat . . ~ 112¾-lli 113¾-116 115 -116 116 -116¼ 116¾-117 2d ... .. ...... ............ . ~ 102½-103¾ 103¾-103¾ 103¼-103¼ 102¼-103½ 104¼-105 JUNE. JULY. I AUGUST. SEPT'BER. OCTOBER. NOV'BER, DEO!~ Low.High Low.High Low.High Low.High Low.High Low.High Low.High: 82½- 84 71¾- 73 95 - 98¾ 116 -117½ 104½-105¾ 80 - 81 80 - 80 83 - 84 75 - 75 ... - ........ - . . . . 95¾- 97 96¾- 98~ 96½- 97¾ 115¾-116¾ 115½-116¾ 116 -118 104 -10! 104 -106¾ 106 -106 80½ 82 73 - 73¾ 97 - 98 117¾-118 105 -105¾ 65 95 117 104 - ... . 60 - 70 - 97 90 -118 116 -105¾ 100 - 71 - 97 -118 -105 L. Shor,.. & Mich. to,o.Dtvtdel..J ... ........ ..... 7 113¾-113¾ 113¾-113¼ 113¾-113¾ 110¾·110½ 112 -112 lll¾-112¾ 113¾-113;1! .... 111 -111 Buff. &Erie-New .... 7 .... . 110 -110 110 -110 107 -108½ 103¾-108¼ 109 -109¾ .... - ......•• - .... 107 -107 Bet. Mon. & Toi. ..... 7 127½ 127½ ...• - ........ - . . 12!¾-124¾ .•. - .... 126 -126 128½-128½ ... - .... 125¾-125¾ ... - .... 127¾-127¼ . .. . 1st con., coup .......... 7 116¾-118 .... - .... 117 -117¾ 116 -117 116!14-117¾ 117)4-117¾ 115 -116 115½-116½ .... - .... 116¾-117 116¾-117 115 -117 1st con., reg ............ 7 116¾-116¾ 116¾·116~ 114½-114½ 114 -114½ lU -115 ll::i¾-115 .... - ... 115½-116¾ 116 -116¼ . .. • - .... 114 -114¾ 114¾-111> 2d con., coup ........... 7 .... - ... 123½-123½ 123 -123 123 -123 1.U¾-124¾ 122 -122 122¾-123 123 -123½ 123¼-123¾ 123!,rlZi 12!½--,124¾ 118¾-120% ~d ~on~,rea ............ 7 122¾-123¾ 122¾-122¾ 121~122 122¾-123 120!,r123¾ 120¼-122 1~2¼-122¼ 12~-123¾ .... - •... 1231,(-123¾ .... - .... 117 -117 Ctn. & Spring., lst .. 7 .... - .... 117 -117 .... - .. . ...• - .... 115 -115 .... - . . ..... - ... . Mabon.Coal lst,'34,~ .... - ........ - ... . .... - .... lU -114 .... - .... 119¾-119¾ .... - ....... - ... . 119 -119 119¾-119¾ 120 -120 118¾-118¼Leh. Val. Coal-lst ... . l> .... - ........ - .... 102¾-103 .... - ... . Leh.V.,N.Y.-lstgu.,r.4¾ 100¾-102)4 J.0 0 -100½ 99¾-1007' 100¾-101½ 102 -103½ 10~ -104¾ l0l¾ -102½ 102¾-103 103 -103~ lQS¼-104 103¾-104¾ 104 -105 Leh.V.Ter.lst,1941 .. ~ 110 -llO 109 -110 .... - .... 106¾ ·108 109½-110¾ ... - ....... - ... - .... 114¾-116 113 -113 112½-118¾ 113 -113 Reiiistered. ..... . . . . . . .. . . . . - ... 110 -110 . . . . . . . . . . . . _ . .. Lex. Av. & Pn.v. Fer.. 5 .... - ... . 110)4-110¾ 110¾-111¾ 111 -lU 110¾-112 110¾-114¾ 113¾-116 11~¾-lH¼ Little Rock & Mem.85 - 85 - ... . 35-36 35 - 86 35 - 35 - .... 85-37 1 st, 1937, tr. rec .. . . . l> .... 85 - 85 85 - 85 Lonii Isln.ndlst, 1898 ................ 7 .... - .... 111 -111 ...• - •.. . 109 -1(19 109 -109 109!,r109¾ .... - ... : 106 -106, tst. consol, 1931 ... ... ~ 117¾-117¾ 118 -118 - .•.. 119¾-119½ 128¾-123¾ 120¾·122!,,i 123 -123 - .... 121¾-121¾ . . .. - .... 121 - 122 Ferry, 1st, 192~ . .. 4¼ 98 - 98 97¾- 98 95¾- 95¼ .... - .... 95 - P5 .... - .... 94¾- 94.½ 9!¾- 95 96 -96 .... - ........ 95 - 96 Gen. mort., 193"•· .. 4 96 - 97 95¾- 97 95¾- 95!J.( 96 - 96 95 - 99 99 -ll)Q 98 - PS •99¼-100¾ 100¾-102 97 - 97¼ 98 - 98¾ 99 - 99 N. y. & R. B., 1st, ir.~ 100 -100 100 -100 P9 - 99 .... - . . . 104,¾-104¾ 108½1-108¾ 106 -106 2d incomes ............. .... 43 - 43 .... - .... 100 -108 100 -108 . . . . - ... 103 -104¼ . ... - . . . . . • • • - .... 101 -101 101 -102¾ N,Y. B.& M, B., 1st.~ .... - .... 104 -104 . • . . - ... . i.03¾-104 .... No. Sh. Br., 1st, '32.~ .... - .... 100 -100 - .... 108 -108 .... N. Y. & M. B., ht ... 7 .... - .... 103¾-104¼ 108!,r103¾ 105 -105 - ... . 105¼-105¼ . . . . Bkl'n & Mon., 1st.... 5 .... Loulsv, Ev, & St, L,Conso' •. tst . . .......... l} 80 - 35 25 - 26 25 - 27 2•, - 35 39 - 41 35 - 87¾ 40 - 40¼ 87 - 40 40 - 42 Trust receipts . ... . ... • • •· 40 - 4.0¾ 40 - 41 4.2 - 42 - .... 12-12 14-14 .... General, 1943 .... .. .4 .... Louisville &Nashv,Consolldated . ....... , 109¾-110}3 110 -11~ 110¾-110¾ 107 -107¾ 107¾-108¾ 108¾-109 . ... - .... 109½-109~ 109¾-110 107 -107 107 -107¼ 107¼-107¼ Ceclllan Branch ...... , .... 105 -105 .... - ... . 108¾-108½ .... - ........ - ....... . N. o. & Mob-lst ..... 6 117 -120 115¾-118 116 -118 115¾-117 117 -117½ 120 -121 121 -122 122¼-122¾ 122~-122½ 122 -122¾ 121 -121 lli~ -118 2d ... ................ . . .. 6 104 -104 104 -10! 108¾-103¼ .... - . .. . .. - . . . . • . - .... 108 -108 106¾-106¾ .... - . . . . . . . . - ... 102 -102 E, H. & Nn.sh.-lat ... 6112 -113 113¾-114 113½·116 .... - . .• . .. .. - ...... . - .... 113 -113 112 -112 .... - ... 115 -115 115¾-115¾ 114 -114 General mort ... ...... . 6 116 -117 114 -115!J.( lU -115 lli¾-117 117¼-119¾ 118¾-120 118¾-120 1193,t-120 119¾-119¾ 119)4-120 119 -119 116¼-116¼ Pensacola Div ...... .. ti .... - .... 118¾-113¼ .... - ........ 112 -112 St.L,Dlv., l st, 1921 .6 .... - .... 118 -118 ••• . - ........ - . ....... - .•. 124¾-124¾ .... St.L.Dlv.,2d1980.:J .... - .... 61 - 61 - .... 67 - 67 : . .. Nash. & Decatur...... 7 .... - .... 111 -111 111 -111¾ .... - .... 112¾-112½ .... - .... 111:1(-112¾ lH -115 - ... . 114. -114. Pensn.c. & Atl.-lst .. 6 101 -102¾ 101 -101 .... - .... 100 -100 102 -108½ 102 -103¾ 104 -104 102 -103 108¾-104 ... - .... 104½-104.¼ 102¾-102¾, Ten-forty, 1924, lf ... 6 .... - .... 100¼-100)4 50-year, gold, 1937.l> .... - .... 98 - 98 - . . . 97 - 97¼ . . . . - . . . . 99¾-101¾ 102 -103 l<M¾-104½ 103 -104¾ . . . . - . . . . 08 - 98 Unified, iiold, 1940 .. 4 74.¾- 77 74.¾- 75% 71¾- 76 76¾- 797,1i 7914- 82¾ 82¼- 85 82 - 85 83¾- 85 83 - 84¾ 81 - 8!¼ 80¾- 83 75 -82~ Col. trust, If., 1931 ... ~ .... - .... 104 -1.04 102 -102 ..• - ... . 104 -106 Nash.Fl.&S,,lst,gu.~ 79 - 85 .... - ... . 79 - 83 .... 82¾-85¾ 89 -89 .• .. - .... 00 -90 So,& N o,A.lo.,con,gu.~ 95 - 95 95 - 96 98!,rlOO 97¾- 98¾ 98¾- 99½ .... L.&'(, & M.& M,g.4¾ .... - ... . .... - ... lOt»ii-107¼ .... Loutsv. N,Alb,& Chic.1st ............ ............ 6106 -110 .... - .... 109 -110 111 -112 112 -118¾ 118 -113¼ 109 -111½ 110 -ill¾ 112 -112 118¾-118¼ 113¼-114¾ 114 -115Con., gold, 1916...... 6 95 - 95¾ 93¾- 95'¼ 93¾- 98¾ 95 -101¼ 99¾-101¾ 99 -101 100 -100¼ 100 -101'¼ 101'¾-106!)4 102¾-104 100¾-102¾ 100 -102¼ General, g., 1940 .... ~ 64 - 66 66 - 66¼ 66¾- 68¾ 67 - 76 71 - 74¾ 78¾- 76¾ 74¾- 75 74 '76¾ 75¾- 79¾ 77¾- 79¾ 73 - 75¾ 67 - 75¾ Loulsv. St. L. & Tex.55 -55 56 -56 .... 1st, gold, 1917 ........ 6 .... 59 -59 60 -60 57)4- 57~ M,Bch,, H.& L,-Gen.4 .... - . . . . . .. . - . . . . . . .. 4.8 - 48 50 - 55 Mo.nbat,, cone., 1990.4 96 - 98 96 - 97l':( 97¾- 98!4 96¾- 98¾ 99¾-100)4 99¾-101 100¾-101¾ lQ0¾-102 101¾-101½ 98 -101 97!,r 99 97 - 99~ ltlemp. & Charlest'nGold ........ ............ .. 6 58 - 58¼ .... - ........ - ........ 1st cons. Tenn lien .. 7 114. 1114 .... - ........ - ...... .. - ... 111 - 112 Metropol.Elevat,-lst.6 118½-119 119¼-1211' 118¾-120¾ 119 -121¼ 120¾-121¾ 121¾-123 lliJ¾-120¼ 119¾-120¼ 120¼-120¾ 12()¾-121 121 -122 120 -122 ~d, 1899 .. . ...... .. ·----6 107!J.(-108¼ 108¼--109 108¼-108¼ 108 -108¾ 106 -107~ 107¾-107¾ 107 -107 l0n{-107¼ 108 -109 109 -10{>¾ 106 -107 105 - 1 ~ Mexican C'entralCousol,, 1911 ....... 4 .... 64)4- 64¾ 67 - 68 . • • • - • • • . . • • • :ld CODS, inc., 1939 • .3 .... 8¾- 8¼ • • . • - • . .. 11¼ · 11¾ . . .. Mex. lnt.-lst. 1942 .. 4 70 - 71 70 - 71¾ 68¾- 69½ 69 - 71¾ 70¾- 72 70½- 72¾ 73 - 75¾ 75 - 76½ 74 - 74.¾ 78¾- 7! 73* 75¼ 7! - 75¼ Mexican Nationallst, 1927 ................ 6 .... 90 - 90 ...• 2d, income, "A" ..... ti .... - ... . 24 - 24. .... 34 -36¼ ...• 8 - 8 8 - 8 . ... :ld, income, '· B" ..... . 6 . . .. 8¾-9¾ 9 - 9 8¾- 9 Mlchl,ran Centl·allst, consol ........... 1 119 -121¼ 119 -119 .... - .... 11~120 117 -118 118¼-119 119¾-121 120¾ 122 121¼-122½ 121¼-122¾ 117¾·118¼ 117 -118¼ 1st, consol .......... ~ 108¼-108¾ .... .... 108¾-109½ 107 -107 1063,,i-107 111 -111 .... - .......• - .... 109¾-110 .... 1909 ... ..... ........ . .. ti .... ... . .... - .... 119¾-119:!-2 ... Coupon, 1931. .... . . . .. 5 117 -118 118¾-118¼ 116!,rll6½ 116½-116¾ .. . . - ... 118 -118¾ .... - ... llll -119 .... - .. . . 119 -119 .... Re1ilste1·ed ....... .. .. .. ... - .... 115 -115 115 -117 .... - .... 118 -118 Morta-aiie, 1940 ...... 4 108 -103 100 -100 - ......•. - ........ - •... 108 -108 102 -102 Mil. L. Sh. & We ■ t.lst, 19:ll. .. ........... 6 128½-180¾ 180 -131 129 -130¼ 129¾-130:}.( 127½-180 181)4-182 130 -131¾ 134 -135 132 -132 129 -130 127 -129 Ext. & Imp., 8, f . .. .. .5 118 -llo .••• 110 -111 109 -110¾ 109 -118¾ 118 -113¾ 113¾-113¾ 110¾-110¾ lll¾-112 111 -111¾ .... - ... 112¾-112¼lncome . .. ............. .. 6 .... - ... 110 -110 ...• 110 -110 .... Michigan Div., lst ... 6 128 -121i - ........ - •.. 126 -126 .... - .... 126 -126 - .... 126¼-126¾ .... Ashland Div,, 1st .... 6 129 -129 .... - . .. 125¾-125¾ .... Milwaukee & North,llht, 1910 . ............... 6116 -116}( .... - .... 117 -1177,1il18 -118 115 -115 116!,r116¾ .... - . .. . 117 -117 118¾-119½119 -119 116¾-116¾ 1st, onexten.,1913 .. 6 116 -118 118 -120 118¾-118¾ 117½-119 119 -120 117 -118 118¼-118¼ 118¼-118¾ 118 -118½ .... - .... 120 -120 115 -117,( Mlnneap. & St. Louls- .... 142 -148 148¾-14! 145 -145 .. . . - . . . . . . . . - .... lst ... ....... ............ 7 188 -139¾ 185 -135 - .... 189½-141 189 -140 1st, con., 1934, a- .... 5 .... 100 -101¾ 101 -104. 102 -102½ 102¾-104 103¾-101¾ 103 -104% 99¾-101¾ 97¾-101)+ - . . . . . .. . - .... 127¾-128 127¾-127¾ . . . . Iowa Extem,ion ...... 7 120½-120¼ . . • . 123 -123 126 -126 123 -123 PacUic Ext., lat ...... 6 119 -119¼ 119¾-12-0 119¾-120¾ 117 -118 118 -118 118 -118 118¾-118¾ .... - ........ - .... 117½-117¾ 120 -120 .... Soutbw. Ext , 1910. ,- 119 -120 .... - .... 119 -119 118¾-121 120 -125 121 -123¾ 124¼-124½ 126 -126 .. .. - . ... 127½-127¾ ... - . . . . . . . . - . .. . 98¾-100 97¾- 98 Minn. St. Ry.-lst ..... :S .... - ........ - ... 98 - 98 - ........ 97 - 97 M18sourl Pacific88¾- 91 83 - 90 91 - 93 letconsol. ............. .. fi 05 95 - 95 97 - 97¾ 97¼- 99 101 -101½1102 -104 102 -103 95 96¾- 98 96 - 98 - .. .. 103 -108 1071j(-108)4 105 -110 110 -112 112 -112 112 -113 112 -113 112½-114 109½-110½ 111 -112 3d, 1906 ............... . ~ 80 - 82 Trust, gold, 1917 .. .~ ~ - 86 8:l¾- 83¼ 74 - 75 80 - 80 85 - 89 88 - 89½ 86¾- 86% 75 - 75 7fl - 7!) . . 75 - 77 1st, colln.t,. a: •• 19~fl . 75 7il 7f. - 77 72¼- 75Ji https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis RAILROAD BO DS. I 893-C,ontinued. JANUARY FEBR'RY, MARCH. APRIL. OCTOBER. Nov'BER. D EC'BER.. AUGUST. SEPT'BER. JULY. ---- ---- ---- - - - - - - -JUN.IC. - - - - - - - - - - - - - - - -- BONDS. MAY. Low.High Low.High Low.High Low.High Low.High Low.High Low.High Low.High Low.High Low.High Low.High Low.High · ---- --... Mo. Paclfic-(Oon.)Pac. of Mo.-1st, ext.,4 102%-104 101 -101 100½-100¾ 100¾-100¾ 103 -104¾ 104 -106 104¾-105¾ 105 -105 104 -104¾ 104¾-lO!l" 102¾-103 103 -103¼ .... 103 -104¾ 104 -104¾ .... - . .. 108 -108 105½-107 107 -107¾ 107¾-107½ 107¾-107¾ 107¾-108 107¼-108 2d, 1891, extend.... ~ 106 -106½ .... Mo. K. & E.- 1st, '42.~ 81 - 85% 82 - 85¾ 84¾- 87¾ 84%- 87¾ 87 - 93¾ 92¼- 95 92 - 94¾ 92½- 95 94 - 97½ 90 - 96 90 - 93 82 - 93 Mo. Kansas & Texaslat, gold, 1990 ........ 4 79¾- 82 79¾- 8~ 79¾- 83 82%- 85 85¾- ~ 86¾- li7¼ 86¾- 87¾ 87 - 91~ 88½- 91 86¼- 89 85¾- 87!1:( 80 - 86¾~d, Income, 1990 .. ... 4 45%- 48¾ 44 -4~ 44¾- 54¾ 54 - 59¾ 57¾- 60¼ 57¾-~ 60 - 63¼ 62¾- 69¾ 64¾- 69½ 62¾- 67¼ 60¼- 63½ 45¾- 62¼ 74 - 74 74%- 76 K. C. & P.,lst, 1990.4 .... - . ... .... 74 - 74 68 - 68 73¼- 76¾ 75½- 76-U 75 - 76½ 75 - 76¾ 76½- 77 .... - . 78 - 82 Dall. & W,, 1st, '40.~ .... - ... . .... 84 - 85¼ 86 - 88 87 - 89¾ t.<8½- 89¼ 86 - 88 . ... - . ... .... 80 - 84½ 81¾- Si .... M. K.& T. ofT., 1st .~ 74 - 75¼ 74½- 76 72½- 77~ 75¾- Slll,! 80¾- 85 82¾- 88¼ 87 - 88% 87¼- 89¼ 86¾- 87¾ 84 - 85% 82 - Si½ 78½- 84 .... . ... .... ... . ... ... . . . 1st Extension,1944.~ ... . .... - .... . ... - ... - .... 88 - 91½ 91 - 93 91¾- 93¼ 92¾- 93~ Mobile & OhioNew ................ . ...... fi 116½-117" 116 -116 115 -115 .... - . ... 119 -120½ 119 -119 119¾-119½ 120 -121 120 -121 119½-120 120 -120½ 118 -118 ... . .. - . .. . 115 -115 . ... - . ... .... .... - .. .. .... .... 113 -113 1st, ext., 1927 ... .. .. . ti - . .. . .. .. - ·•• · .. .. ... . ... - .... .. Gen. M., 1938 ..... .. .. 4 62¾- 66¼ 63 - 64% 62 - 64¾ 63 - 66 65½- 69)4 66½- 69¾ 67½- 68½ 67!1.(- 68% 64"- 67 65 - 67¾ MM- 66½ 62 - 67%, ... . .... ... ... 86¼· 86½ ... - .... .... - .... .... St. I,. & Cail·o, '31 .. 4 .... - ... .. .. - .... .. .. ... .... - .... .... - ... . - .... Morgan's La. & Tex* ... 1st . ......... .............. 6 .... - .... .... - . ... . ... ••• . 113 -113 .... - .... . ... - . ... . , - . ... . .... .... - ... . .... - . ... . - ... .. . 1st, 1918 .... .. ..... . ... , 124¾-125¾ .... - .... 125½-126¾ . ... - .... .. - .... .... - .... 128 -128 . ... - ... . ... - .... . - .... - .... . - . .. Ll4 -114 . ... - ... 115 -115 . ... ... . 115 -115 .... - .... ... - .... .. .. - .... . ... Mutnal Un . T.--S.F. .6109 -113 .... Nashv. C.& St.L.-lst.7 ... . - . ... 132 -132 130 -130½ 130 -13(1;1,t 130¾-131¾ 132 -132¾ .... - . .. . 131½-131½ . ... - .. L31%-133 132 -133 129 -133!1( 98 -103 103 -105 102½-103 1051.('-106 99½-100 100 100¾-101 -102 100 101 103½-105 -101½ 98½-100 -101½ ~ ... . . . 101 -103½ Consol.g., 1928 95 - 95~: 95 - 97 99 -100 LOO -100 97 - 98 97M- 98 98 - 98 Nat. l!tarch Mfg.-lst .6 90 - 92¼ 92¼- 93¼ 93¾- 9~" 94 - 95 New York CentralN.Y. C.&H.-lst,cp . . 7 120¼-124¼ 121%-122 121¾-123 123 -123½ L23 -123½ 124 -126 123 -123 123 -123¼ 123 -124 L23¼-l24 123!1.(-123% 121¾-124 1st, rea- .. ... . .......... '7 121 -123½ 121 -121% 122 -122 116 -117 .... - .... .... ... 122 -122¾ . ... - . ... .... - . .. L23 -123¾ 122},(-122:J;( 122½-122¼ Deb., 1884-1904 .. -~ 107¼-109½ 107¾-108½ 105%-106 105½-106½ L06},(-l05½ 108 -108½ 107½-110 110¼-110¾ 107 -107½ LOS -109 107¾-108 105 -108 Rea-lstered .. . ..... -~ 108¾-109 108 ~108 105½-105½ 105 -106½ L06%-106¾ .... - .... 107 -107 ... - .... 106½-101x LOS -109 106½-107¾ 107~-107¼ .. .... 105 -105 .... . ... . .. . - .... .... - . ... .... - .... ... - .... .... - ... . . Deb.reg,, S9-1974.~ ... - . · · •• . ... - . ... .... - .... Debt certs,, ext., a-.4 102%-102¾ 103 -103 102 -103 104¼-104¼ 102¾-102½ 102¾-103 103!J.(-104 103½-103¼ 103 -105 L04¾-104½ 102¾-103½ 102 -102 .... .... - .... .... - . .. . .... . .. . ... - ·•• · .... - .... . ... - .... . ... - ... 103M-103¼ 102 -102 101 -101 .... .... Rea-lstered .... .... ... .... .... - . . ... .... - ... .... - .... .... - . ... .... - . ... 102 -102 ... N. J. June., 1st, gu .. 4 .... - .... .... - ... .... - .... .... - ... . .... .... . ... Deb., a-., '90-190~ .4 .... - . ... lOl!J.(-103\l( ... - .... .... - .. .. - .... 102½-103 103¾-103¾ 101> -105 103¼-104 ... . .... .... ... . .... .... - .... ... - ... . 100½-102 ... .... Re,riMrered .......... .. - ... .... .... .... - .... .... - . ... . ... - .... .. Harlem-1st, coup . .. . '7 118 -118½ 117¾-121¾ 118 -118¾ 118¾-119 115¾-117¼ 117 -118¾ .. .. - . ... 117¾-118 117½-117¾ 117¾-118¼ 116 -116 116 -116 -114 .... 114 .... .. .. - .... 119¾-119½ 115¾-115¾ . ... - ·• ·· 116 -116½ 1177-(-117¼ .. - .... lat. rea- . . ... . ....... . 117¼-117½ ... ·• ·· .... - . ... West Shore, gua1· .. 4 104M-105 103).s-105¼ lO!l½-105¾ 104"-105% 105¼-106 lOS!J.(-107¼ 105 -105½ 105½-107¾ 106¾-107¼ 105~-107 106¾-107¾ 103½-1083,( Rea-18tered ............ 4 104 -105 103½-104% 104 -105M 104¾-105¾ 105 -106 105 -106¾ 104½-105¾ 105%-107~ 106 -107¼ 105¼-lOtl¾ 105¾-107 103 -107 - . ... .... - . ... ... - .... . ... . ... .... - .... ... - . ... .... - .... .... .... . ... - . ... . ... -··· 105 -108 108 -108 U, & Bl. R,, gu,,'22 .4 .... 104¾-105 103¼-103½ 102¾-102¾ · ·• - .... lO!l -lO!l 103¾-103½ .... ... . .... - .... 104 -106 .. .. .... .... - .._ N.Y.& Putnam, lat.4 .... N• Y. Chic, & St. L.lst . ........................ 4 102½-104M 101¼·102¼ 102}(-104¾ 101½·102¼ 101~..;-103¾ 103¾-106 104¾-106 105¼-106½ 106¾-107 103¼-104% 102 -103¼ 102 -103 Rea-lst.ered ... .... .. .4 101½-101½ 100¾ 100},( 102 -103 101½-101½ .... - . ... ... - .... L05 -105 · ••· - .... . ... - .. - •· · · .... - . .. . .... . ... N • Y. Elevated-1st ... . . , 107½-108 107¾-108 LOS -108¾ 108¾-108¾ 108%-110 110 -110¼ 107 -107¾ 107¼-107½ 107¾-107~ 107%-1077,ii 107%-108¼ 108¼-108¾. N • Y, & New Ena-land- .... 113¾-114¼ ... - .... 115%-115¾ .... - .... 121 - 121 .... - .... .... - .... 121¾-121½ 122¾-122½ ... - .... .... . lat, 100~ ............... '7 .... . ... - . ... ... .... · ••· - .... . ... - . .. . . - .... ... . - .... 1st, 190~ . .. . . ....... . ti 108 -108¾ .. .. - .... ... - .. . ... . .... . .... N. Y. & N. J. Tel'ph . . ~ 102 -103 10'1 -105 103 -106 .... - . ... ·~· .... 10l$¼-103¼ . - .... 107 -107 ... - .. ... - .... .... N • Y. N. H, & Hartt'dCon.db. ct., all ins.pd. 137 -141 138 -140 138 -140¼ 138¼-140 139 -145 H.4¾-147¼ U3 -145 143 -144¾ 136 -137 136 -138 134¾-13~ 135 -137¾, N • Y, & No.-lst, a-old.~ .... - . ... 117 -117 .... - .... 116 -116 ... - .... ... - . ... 110 -110¾ . ... - .... 120 -120 .... - . ... .... - . ... ... N • Y,Ont. & W-18t, a--~ 110¾-111½ 110 -110¾ 110 -110½ 110¾-112 112 -113 109½-110¾ .... - . ... 109¾-110½ 111¼-111½ 111½-112¾ 110 -111½ 108 -109 Ref., 1st, 1992 ........ 4 88 - 90 99¾- 92 •so - 90 d9¼- 90¾ 90 - 92½ 92~- 93¾ 93 - 94¾ 94¼- 95¼ 92¾- 94½ 92 - 93½ 92 - 93 89½- 93 N. Y. Susq. & West'n101 -1~ Refunding ............. -~ 10?¾-108 1017,(-105 104 -105¼ 105½-107 104 -107¼ 95 -104 1°17¼- 99¾ 98¾-100¼ 102 -102½ 100½-103¾ .... - . - .... .... - ..... - ... 2d mort,, 1937. ... 4¼ 86 - 86 .... - .... ... .... ... . - .... ... - .... 7a - 73 .... - ... . 75 - 75 . .. . - ... ... . .... .... 94 93½. - . . .. . ... . . .. . 98 ~ ...... Gen., a-old, 1940 - 98 .... 81 - 85½ .... - ... .... - .... ... - .... 75 - 81 Mldl'd of N. J., 1st ... ti 119 -119 119 -119 118¼-119 115 -116 J.15¾-117 114½-117½ 116¾-117 117 -117 118 -118 115~-115¼ 115 -116 116 -116 .... 106 -106 109 -109 . ... - .... 106 -106 100 -105 102 -103 104 -104¼ 105 -106 105¼·106 .... - .... 102 -105 Term., 1st, 1943, a- .. ~ Wilk.&E., 1st, 194'l.~ .... - .... .... - .... 97 - 97¾ 94¾- .97½ 92½- 96½ 8S - 89% 88 - 89¾ 89 - 94¼ 93¾- 95 93 - 93¾ .... - . ... . - .... - .... 107 -107 Nort. & ecJ.-lst, '14 .. ~ 105½-105½ .... - ... 108½-108½ .... - .... .... .... ... - .... .... - .... .... - ... . . ... - ··• · . .. . - .... Nol'folk & Western.. . 106¾-108½ 108¾-110 114 -115 117½-117½ 118 -118½ General. ... ............ . ti .... - .... .... - .... 121 -121 L21 -121 . ... - . ... 121 -121 - .... ... . - . ... .... . .. . . ... - . ... 98½- 98½ . - . Adjustment, 1924 ... 7 .... - .. ...... - . ....... - ... . .... - .... .... - .... .... . ... 100 yr. mort., 1990.0 ... - .... 4'8¾- 48½ .... - . .. 55 - 70 61 - 62 .... - . ... .... - . .. . 61 - 61 64 - 66 65¾- 69 . ... - .... .... .... .... 51 - 51 ... - .... .... - ... .... . .... - ... . - . - . .... .... Nos. n.bove 10,t, 00 .. ... - .... .... - ... . .... .... -103 95 .. .... . .. . .... .... 114¼-114¾ New River-1st ...... . t .... - . .. - ... LOS -109 .... .... .... - . ... ... - . Equipment, 1908 .. .. : ... - ... 51½- 65 .. . ... - .... .... - .... .... - .. ··•· - ... ... - .. .. .. .. - . ·· .... . .. 66 66 .... 62 - 63 . 64 67½ Md.& W., 1st, 1941.:> .. - .... .... - .... .. - ... 70 - 70 63 - 63 65 - 65 .... ·•·· Clinch Val., 1st,• ~1 .~ ... - ... . 50 - 50 ... .. - .... .... - .... .... - ... . ... - .... ... ... . . ... 55 - 62 ... - . .. .. Northern PacificGen. 1st, lanct a-rant.ti Ll2½-114% 112 -113½ L12§s-114~ Ll3¾-117~ 116¼-118 117¼-119½ Ll5¾-117 117 -117½ 117¾-118¼ 117¼-118¼ Ll7 -118 117¾-119 Reiilstered ........... ti L12¼-114 112½-112½ Ll2½-114¾ LH -117 116½-117¾ 117¾-llb¾ 115¼-117 117%-117¾ 117½-118 1177,1i-118 117¾-117¾ 114½-118¾ Gen,, l, a-r., 2d, 1933 b 8¼½ · 89¾ 83 - 86½ 81¼- 88 86½- 94% 94 -103½ 99½-102114 LOO -103½ 102 -103 100¾-104 101¼-103 102 -103~ 100 -106¼ . .. Realatered ... . ....... ti 86¼- 8~¼ ... - . .. ... - .. .... 98 - 98 .... - . ... .... - .... ·• •· - .... .... - .... .... - .... .... - .... 103 -103 Gen.,iiold, 3d, 193'7.ti 54 - 58 50 - 55½ 49¼- 55¾ 53¾- 63¾ 65 - 72½ 68 - 74 71½- 74 71¾- 74 72 - 74¼ 72 - 73 71 - 73 70 - 74 ... .... - .... Trust receipts ....... - .... .... - .. . .... - . ... .... - .... 65 - 65 67 - 67 ... . .... 73 - 73 .. .. - ... . ... - .... . 36½38¼ 30 40 - 44¾ 38 - 44¼ 38½- 41¾ 38 - 39¾ 44 40¼- 45 Consol., 1989 ......... ~ 24 - 27¾ 24!14- 27¼ 25¾- 28'A 27 - 36¾ 36 Trust receipts .... . .. 24 - 27 24½- 27 25 - 28 27 - 36½ 36 - 43¼ 40¼- 44➔.I 40 - 44½ 38 - 43¼ 39 - 41 38 - 39 36~- 37~ 36 - 38)4. Reiiistered ............. 25¼- 25¼ 25 - 25¼ .... - . ... .... - . ... - ... ... - . ... ··•· - .... .... - . ... .. .. - .... .... - ... - ... . Rec. ctf,;. col. tr.notes lOO!J.(-101 .... - . .. . ... . - .. .. ... - .. .. ... - ... . ... - . ... ... . - .. . .... - .... ... - .. . . ... - ... . .... - . ... Col. tr. notes, 189S .. ti 76 - 77¼ .... - ... . 70 - 76 u - 88 83 - 88¾ 85 - 89 84¾- 87½ 85 - 86 84 - 85¾ 81¾- 85¾ 80 - 81½ 76"- 83 . .. . 26:>!- 30½ ... - ··•· 45 - 59 56 - 61,<i 66 - 66 .... - .... ... - .... ·••· - . ... .... - .. 50 - 50 Div, scrip. extended . . . .. . - ... . .... St, Paul & 1~ o. Pnc.' .. b 118¼-118¼ 117 -117 .. . - ... L16 -116~ 119 -119 119¼-119½ 122¼-122¼ .... - ... 1'31½-121½ 123 -123½ 123¾-123¾ 123¾-123¼ Rea-ist' d certificate,- 116 -116 .... - .... 115~-115)4 116½-116¾ .... - .... 119½-119¼ .... - . ... ·••· - .... 118 -118 120¼-120¼ .... - .. .. rn4 -124 - .... 75 - 75 76¾- 76¼ ... - .... 75 - 75 .... .... · ••· - .... .... - ... . 76 - 76 74 -74, .... .... Sp, & P., s. t., tr.re ,.ti ... - .... - .... . ... - .... - . ... ... - ... .. - ... . .... - .... .... - .. . .... ..... - .... .... - .... .... - .... Dul, & Man., 1st .... . ti 77½- 77½ .... 76 - 76 .... - .... .... - .... . ... - ... .. Trost receipts ........ .... - ... . 75 - 75 .. - .. .... - ... . ... - .... .... - . ... . ... - .... Stamped ............. . 74 - · 74 75 - 75 ·••· - .... .... - .. .. - .... .... - . ... 79 - 79¾ .... - .... 77 - 77 - .... .... - .... .. - . - ... .... .... 80 - 80 Dak. Div.1st, t, rec.ti ... - .... .... - ... .... - ... . .... - .... 79 - 79 77 - 77 .... - . ... .... - . ... 77 - 77 .. .. .... ... .... .... .... - . ... .... - . ... 37¾- 37¼ .... - .... .... - .... - .... .... - .... .... - .... Cent. West., tr. rec .. 6 - ... . No. Pac.Ter.Co.,lst.6 96 -100¼ 98 - 99 98½- 98½ 98½-102 L00½-102¾ 103 -105¾ 102¼-106 104¾-105¾ 105 - 105 104 -105 1()4¾-106 105 -107½, .... 32 - 32 30 - 30 N. P. & Mon., 1st, ii ..fi 30½- 34¾ 31 - 33 30 - 33 31¾- 38½ 37 - 41 38½- 40 39 - 39½ .... - . .. 38½- 38½ .. .... .... - . .. ... . - .... ... - .. .. .... - .. ... - ... • · ·• .... .. .. - . .. . 38 - 39 35 - 36 32 - 35 31¾- 32 Trust 1.·eceipta ....... . .... - ... .... - .. . 46¾- 46¾ .... - .... 46 - 46 .... - .... 47 - 47½ 49 - 49 46 - 46 .... - .... . .. - . Chic, & No. Pac., 1st .. ... Trust receipts ...... ... 37 - 41 38½- 40¾ 38 - 41 41½- 47¼ 46 - 49 46¾- 48½ 45¾- <l9¼ 48 - 49½ 48 - 51¼ 45¼- 49¼ 43¾- 46 35 - 45~ - .. ... - . ... · ••· ... . .... ... .... - .. . .. .. - . ... Sea. L.S.&E., l11t ... 6 .... - .... .... - .. .. . ... - . ... 47¼- 47½ .... - . ... .... Trust receipts ........ 42 - 45 38 - 40 39 - 40 40¼- 50 48 - 50 45 - 47 47 - 47 47},(- 49 49¾- 51¾ 49 - 49 49 - 49½ 40 - 41¼ Ohio Ind, & Weate1·n.- .... 113 -113 lnd, B. & W., l11t,pf.'7 .... - .... - ... .... - .... 113½-113¾ .... - .... .... - .... . - . ... 110 -110 . - ... . Ohio & Mississippi••• 106 -107!Jt .. .. -107 107 -106 106 -106 107 -107¾ 107 -108 108¾-108½ 108¾-108¾ .... - .... 106 Consol. sink. tund .... 1 107¼-107¼ lO'i¼-107% Conaol., 189~ .. ..... . .. 1 107 -107¼ 107½-107% 107 -107¼" 107 -108 LOS -108¾ lQS¾-109 1057,(-106 105¾-105% 106 -106 107 -107 107 -107 106½-106¼ !Id, conaol., 1911 ..... , .... - .... . ... - . ... 118¼-118¼ lU!J.(-114¾ L15¼-118 119 -119 118¾-118¾ L20 -120 .. .. - . .. 115½ ·115¼ 119¾-119½ 119 -119¼ .... - ... . . . . - .... ... - . ... 102¼-104 101 - tOl ... - .. .. - .... 100 -100 100¼-100~ .. .. Obio Rlv.-Gen,193'7_:_6 .... https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis - .... - .... ... .... . .... -. ... .... - - - - - - .... . - ... .... ... . .... - . .... ... -. .. - - .. - .. .... - .... - .... .. - - - - - - , .... - - - .... ... ... - .... - - .... .... . - - - - ... - - - ... ... - - - ... .... .... .... - .... . .. ... . .... - .... - ... - - - - .... - ... .... ... ... .... - .... - .. - ... - ... .... .... .... .... ... ... .. .... - - .... .... .... .. .... . ... - .... .... - - - - - . - ... .... - .. .... .. .... .. . .... - .... .... . - - .. - - .... .... .... . .. ... .... - - ........ -~ .... - .... .... ····· . .... .... - .... BOKDS. RAILROAD 84- IS9o-Continued. JANUARY FEBR' RY . _ ! _ A R C ~ ~ ~ ~ _3AY. BONDS. ------ - - ·--- J JULY. JUNE. 1 AuousT. SEPT'BER. OCTOBER. Nov'BER. DEC'BER. Low.High Low.High Low.High Low.High Low.High Low.Hiirh Low.High Low.High Low.High Low.High Low.High Low.High - - - - ----- - - - ·- - - - - - - - - - - - - - - - - - - - ·- - - - - - - - - - 87¼- 90 88 - 93¼ 84 - 89 90 - 93 89 - 91 93¼- 95¼ 81 - 94 89½- 92 87¼- 93 91¼- 93½ 90¼- 9-1 Ohio Southern-lst .... . ti 92 - 96 26 - 32½ 32½- 36¼ 33 - :l4 40 - 46¼ 46 - 52¾ 29!1:(- 50 31 - 35¼ 34 - 35½ 35 - 35¼ 32¼- 36 42 - 45 Ge 1., &"old, 1921. .... 4 45 - 48 •42 42 H 62¼- 53 50 42 44¼ 46¼45 42¼40¾ H 44 39 42¾3Q¾ 43 3!1¾42 35¼ - 36 O. & St. L.-lst, t.rec.4 35 - 35 - . •• 89-89 ... - ... . ...• - .. . . 83-83 78-78 Oregon & Cal.- lst .. . . :, . . . . - . . .. . . . . Oreg. R'y & Nav.-l11t.6 106¾-108 107 -108 107!!(-108¼ 108 -110¾ 109¾-111¾ 111¼-112¾ 110 -111 111 -112¾ 111½ ·112 111 -111~ 110¼-111¾ lll¼-112 96 - 96 91¼- 95½ 9!¾- 94¾ 95 -101 . . . . 76 - 84¾ 92 - 92 7-1¼- 75 Consol., 1925 .... .. ... ~ 74 - 75¼ 74 - 7-1 90 - 94¼ 91 - 94 95 -103¼ 100 -102¼ 97 -100 94¼- 96 93 - 96 75¼- 90¾ 88 - 95 73¼- 76 Trust receipts..... . . . .. 73 - 75¾ 7-1 - 74 70 - 70 66 56 70 - 70 65 73 49 73 Collat. trust, 1919 . . :, .... - . . .. 36 - 36 70 - 73 . . . . 60 - 60 69½- 73 6! - 65 56¼- 66¾ 57 - 61 Trust recelpt8 ... . . .. . . . . . 93 - 93 92¼- 96 95 - 98½ 92 -101 97¼-100¾ 98 -100½ 98½-100½ 96 - 98¾ 97 - 99¼ 97 - 98 98 - 98 Orel{. Imp. Co.-lst .. .. 6 97 - 99 47 - 62¼ 44 - 61¾ 44 - 50¼ 48 - 51)4 44 - 49¼ 36 - 47 35 - 37½ 36 - 36¼ 60 - 63¼ 63 - 65 36 - 40 Consol., gold, 1939 .. !l 49 - M Pennsylvania Co.1st, coupon. . ..... . . 4½ 109¼-110¼ ll0¼-110~ 110¼-111 lll¼-112¼ 113½-115 116¼-116¾ 111 -113 115¼-116 113¼-114 113¾-115 113 -114 113¾-114 - .... 113¾-113¾ .... - .. •. 110¼-llO¼ 112¾-112¼ . ....... - ... . .... - .... 113¼ 113¼ 117 -117 112 -112 Registered ......... 4½ 108½-110 Pitts.Ft. W.&C.-lst., 138½-138½ 140 -140 139¾-140 140 -HO 141½-141½ 141 -14.2 138¼-138¾ .. . - .... 139 -140 140 -140 140¼-140½ •... - .... 138¼-138¼ 139 -139 .•.. - .... 139 -139 2d., 1912.. .... ... ... , 137¾-137¾ 137¼-137¼ 137 -137 .••. - .... . ... . .. 131 -131 ..•• 3d, 1912 .. .... .. .. .. .. 7 .... - .... ... - . . . 118)4-120 117 -117 117 -117 Cl. & Pitts., con.,s.f.7 117¾-117½ 117½-117½ .... - ... . 118¾-119 117 -117 ... • - . . .. 113½-113½ .... Gen., 194-2, ser.A.4½ .... - .. .. 105 -105},( 105¼-105¾ .... - ... . 105¼-106 St.L.V.& T. H.-lst., .... - .... 105¾-10~ 106 -106 - .. . . 105 -105¾ .... - . . . . 2d, 1S98 . .. . .. . ... .... 7 .... - .... 107¼-107¼ .... - .... 105 -105¼ . ... - . . . 2d, &"Uar., 1S9S..... , .. . . .... - .... 111¾-111¾ 111¼-111¼ -111½ 111 . ... . . . 108¾-108¾ 108)4-108¼ Gr.R.&lnd.,1941.4½ .... - .... 105 -106 107¼-107¼ - ... . 110 -110 .. .. Pa. RR., R. E., 1923.4- .... - • . . . . . . . - . . . 114¼-114½ . . • . Un. N. J. RR. & C ... 4- .... Peoples'G&-C.,Cbl.2d 6 .... - ... 104 -104 106 -107 106 -107 107 -107½ 104¼-105½ 105 -105 106¼-106¼ 105½-106 10!1½-106¾ 106 -106 101 -103¼ - . . . . • • • • - ... 112 -112 1st, a-uar,, 1904-... ... 6 .... 95 -100¼ 99 -102 100 -101 101 -lCllll:( 102½-104 100 -104 100 -101 92¼- 97 92¼- 93¼ 90 - 91 89¾- 93 1st, con., 1943 ........ 6 ... • Peo. Dec. & Evansv.97¾- 97¾ 102 -103 103 -103 101 -101¼ 102 -102¼ ... . - •.•. 102¾-103 103~-104 ]103 -103~ 92 - 92 lst, 1920 . .. .. . ...... . .. . 6 94 - 95 36 -36¼ 35 -35 34 -34 35 - 36 35 - 36 34 - 35 30 - 33¾ (!30¼- 35 28 - 31 25 - 25 2d, 1926 ... . .......... . 5 l?6 - 28 33 - 33 36 - 36 - . . . . 36 - 37 Trust receiv! ,J" •••••• • •••• - •••••••• -103 103 -103 103 -103 103 .. . . .... 103¼-103¼ -103¼ 102¼ 100¼-102¼ ... .•.. 97 96½93 - 93 Evansv. D1v., J st .... ti 95¾- 97½ ;:95 - 95 76 - 81¾ 81 - 82 81¼- 84;( 83¼- 84¼ 82 - 84¼ 81 - 82 80 - 82 7!1¼- 77~.! 77 - Sl 74 - 76 74¾- 76 Peo. & East.-lst, con.4- 76¼- 77 26¼- 28¼ 27¾- 28¼ 26 - 27 • • . . - . . . . 22½- 22¼ • • • • 18 - 27½ 25 - 27 17 - 18 Income; 1990 ......... 4 .... - .. : ..... Peo. & Pek. Unlon67½- 69¼ 67 - 67 70½- 70¾ 68 - 68 70 - 71¾ •••• 2d mort., 1921 ...... 4~ 67 - 67 . . . . Phlla. & Readin&"75 - 77¾ 77¼- 81 76 - 79 86¼- 88¼ 83 - 91¾ 80 - 85¾ 83¾- 88¾ 87¾- 81) General .. . .. .. .......... . 4 68 - 74.¼ 68¼- 70¾ 67;,(- 72¾ 72 - 77 68 - 73¼ 72 - 77¾ 76 - 79¼ 76¾- 79¼ 77¾- 79¾ 72 - 81¼ Trust receiptll ........ 62¾- 63¼ 60¼- 62¾ 60¼- 64¼ 64 - 68¾ 68 - 71¼ 68 - 70 75 - 75 ...• - ..... . .. lle&"isu·red.... . ........ .. . . - . . . . . . . . - . . . . . . . . - ..... . . 84¾- 91¾ 78½- 78¾ 81 - 85 Tr. rec., unstamped ... .... - ....... - ... . .... - ....... . 84 - 87¾ 85¾- 87¾ 86 - 88 32J,{ ~5¼27¾ l~221,,i 20¼32¼- 34½ 32¾- 38 24 33 19¼30¼- 37¾ 30¼1st pref. Inc., 19/iS .. 5 35¼- 41¾ 32 - 41¼ 30 - 33¼ 21½- 32 16 - 18¼ 9 - 16¼ !!d pref. inc., 19:JS . ... :} 10 - 15¾ 10¼- 12¼ 9¼- 16¾ 14.¼- 18¾ 18¾- 24¾ 17½- 21¾ 19¾- 21¾ 19¼- 24 21¾- 25¾ 16¾- 25 10 - 13¼ 6 - 12¼ 7¾ - 8¾ 6½- 11¼ 10 - 13¼ 13½- 18¾ 12¼- 16¾ 13¼- 16¼ 14¾- 18 3d pref. inc., 1958 .... 5 6¾- 11 16 - 19¼ 12 - 19 10¼- 10¼ - . ....... 16½- 16¼ . . . . - . . . . . . . . 3d pref. inc., conv .... ii l¼- 2 ¼-. l¾ l¼- 2¼ 2¾- 4 3¼- 4¾ 3¾- 4 •••• - ••• • ..•• Deferred income ...... ti l¼- 2¼ .•. Pitts. Ctn. Ch, & St.L.Serles "A" ........... 4¾ 106 -107 106 -106¼ 106¾-108¾ 105)4-107½ 109½-109¾ 109¼-110¼ 110 -112 113 -114¼ 113 -114 110¾-111¾ 111 -111 111¼-111¼ - . .. 111 -111 111¼-111½ 106 -106 Serles "B", 1942 .. 4¾ 105 -106 105 -105¼ 106 -108 105 -106¼ 107)4-107¾ 110 -110¼ 110¾-112 .... - ... 114 -114 . ... - • . . . . . . - ........ - . . . 115 -115 .... Pitts. c. & St. L,-lst.,- .... - . . . . 112½-112¼ . . . . - . . . . . . . . Re&"istered ............... .... . . . . 95½ 95¼. . . . . . . . 95 95 .... .... Pitts.Pain.&F.1916.1} 84 - 84 .... 84 - 8! 87½- 89 86¾- 86¼ 87 - 88 Pitts. Sb.&L.E,-lst.5 . . .. - . . . . 84½- 84¼ - . . .. . . . . - . . .. . • • • Consols., 1943 . ... . .. :J .... 81 - 84¼ 83 - 86¾ 83 - 85½ 85 - 85¼ 85 - 88¼ 84¼- 85% 82 - 84½ 75 - 82~ Plttsb. & West.-lst .. 4- 80¾- 84½ 81¾- 83½ 81¼- 83¼ 80 - 82 Mortgage, 1P41 ...... /i .... - ... . .... - . . .. 79-79¼••··- ... . . ... Pleas. Val, Coal-lst.6 101¾-101¾ ... • - .... 101¼-101¼ . ... - ... 106 -106 104¼-104¼ 106¼-106% •.•• Pre@. & Ariz. C,-lst ..ti ... l½i- 1¾ . • . . - . . . . . . . - . .. . . . • • . . .. . . . . - . . - .... 117 -117 Proc.&Gamble-1st6s ... . IUchm'd & Danville(.)onsol. .. . ..... . .... .... . ti 118 -119 118¾-119 119 -120 119¾-119¾ 1197-(-120¾ 120¾-122½ 119¼-120¼ 120½-12v¾ 120¾-122 121¼-122 122 -122¼ 120 -122 Wash. O. & W., lst.4- .... - . . .. 79½- -79¼ . . . . - . . . . . . . . - . . . . . . . . - . . . . . . . . - . .. . .. . . - . . . . . . . - . . .. . • • • Equip. s. f,, g., 1!109 ii 95 - 96 - .... 97 - 98¾ .. . . - ... . .... - ..•. 96 -100 .... - ... . .. . . - .... , .... - ...•..•• - .... 98¼- 98¾ Debenture, st'p'd ... . ii 91 - 92½ .•• ... - .... r 99¾-lOO¾ 100 -100 .... - .... 100 -100 98¼-lOO - • ....... - ... . 92½- 94¼ 9494-100 01 - 64 . • • • Rio Grande So.-l•t .. /i .... - . . . . . . . . - .. .. . .. . - . . . . . . . . - . . . . . . . - • . . . .. . . - • . . . . . . . - .. .. 65 - 65 66 63ll:(68}~ 63 4 .. 1939 .-1st, Rio G. W 76 - 78¾ 76¾ 78¼ 76 - 77½ 72 - 79¼ 71 - 77¼ 76¾- 79¾ 76 - 77¾ 76¾- 78 67¼- 72 64 - 68 Rome Water. & 0&".Con. 1st, ext ........... :} 117 -119 117 -118 116¾-118 113¾-114¼ 115 - 117¾ 117 -119 llSl)g-119 119 -119¾ 119¾-119¼ 117¼ 118¼ 117¾-118¾ 118 -118¾ St. Jos. & G'd 18land63¼- 63¼. . 5572- 55¾ 68 - 61¼ 58 - 61¾ 61 - 63 52 - 52 1st ... ....... .. ....... .. . . . 6 58 - 69 52 - 56 59 - 61 62¼- 64 64 - 66 57 - 62¾ 57½- 61¾ 61 - 65¼ 63¼- 66 Trust receipts....... . 56 - 69¾ 51 - 51¾ 63 - 67¼ 67¾- 69 7¼- 7½ 7¼- 8¾ 8 - 11 . .. . - ........ - .... 10 - 10 .... 2d, income, 192ii ....... .... - . . . . 37½- 37¼ •..• - . . . ... . . - . . .. 33½- 33¼ . . . K. City & Om,, 1st . . ii .... @t. L. Alt. & T. H.1st, 1914- .. .............:} .... -106 105 -105 105 -106¾ 109¼-103¾ 106 -106 105 -106 105 103¼-104¾ -106¾ 105 103¼-106 -104¾ - ... . 104 ()b.l!t1, L, & Pntl.1Mt.:J ... • ... 102 -102 102 -102 97¾- 99 .••• - .... 100 -100 .... - . . . . . . . • 103 -103 Belle. & So, 111.-lst,8 106 -106 . ... 106¼-.i.06¼ .... - ... . 104¼ ·104¼ ... . - .. . . . ... Bellev. & Car., 1st .. 5 . ... . ... 103 -103 . . . - •. . . .. . . - . . . 100¼-100¼ . . . . St. Louis So., 1st .... 4 .... - ... . 86-86 @t. Louis & Iron Mt.1st, extension ......... 5 103 -103¾ 100¾-102 100 -101¾ 101¾-102¼ Hllll:(-102¼ 102¾-103 103¼-103¼ 100¾-100¾ 101¼-102 101¾-101¾ ...• - .... 101¼-102 2d, 1897 ...... .......... ,- 104 -10!1 103½-103¾ 102¾-102¾ 103 -103 102 -103¼ 104 -104 104 -10! .... - .. . . 104½-104¾ lOt -105 101½-102 100 -102¼ Arkansas Branch .... , 100 -102 101!'(-102¾ 101¼-102¾ 102¾-103½ 103¼-104¼ 102¾-103¼ 103¼·103¼ 105¼-105¼ 105¾-106 . ... - . . ...... - ... . 104 -104 97 -101 101 -101¾ 102¾-103¼ 100 -101¼ .. .. - . ....... - . . . . .... - ........ - .... 103¾-,103¾ 100¾-101 97 - 98 Cairo At•k. & Texas., 98 - 99 74¾- 79¼ 78¼- 80¼ 78 - 80¼ 80½- 81¾ 83¾- 85¾ 85 - 88¾ 83½- 85¼ 82¾- 84¼ 78 - 84 Gen. consol. & 1. g .... ~ 76 - 79½ 77 - 77¾ 76 - 79 87¾- 87¼ 83½- 83¼ ... . - . ... . . •• 83 - 85 83¼- 84 - ........ - .. .. 78¼- 78¾ 78 - 78 8tamped, gurr ... ... ii .... St. L. & San Fran... . - ... . 116 -115¼ .... - .....••• - .... 114 -115 . ... - .... 112J.i;-114 113 -113~ 2d, cla8s A .............. 6 112)4-114¼ . ... - ... 113¾·113¼ 115 -115 Class B . ................ . 6 114¼-114¼ .... - ... . 112 -115 111¾-113½ 113¼-116¼ 116 -115¼ 115¾-116 118 -118 115 -115 114¼-114¾ 113 -114 112 -113 Class C .. ................ . 6 114 -116 114 -114 111 -116 112¾-114 114¼-115 115 -115¼ 116¼·116½ 118 -118 ll5 -115 113 -113 113 -113¼ 113 -114¾ General mort .......... 6 102 -104¼ 103 -103¾ 103 -105 106 -108 107¼-110¼ 108½-112 108¼-109 110 -110 110¼-110½ 110 -110¾ 108 -109 105 -105¾ 94 - 9!½ 95 - 98½ 99 - 99¾ 96 - 99 . . . . - . . • . 95 - 95 94 - 94¾ 94¼- 95¾ 94 - 96 General mort ......... . ii 89 - 90½ 89¼- 91¼ . . . . 51¼- 53¾ H - 50 53¾- 56¼ 53 - M 53¼- 55 50¼- 52¼ 49 - 60¾ 50 - 62¾ 50 - 53¾ 53½- 53¼ 51 - 51 Consol. mortgal{e .... 4 51¼- 5! 81 - 81 85 - 86 78¼- 78¾ 77 - 82¼ 82¼- 82¼ 85 - 85 1st, trust, 1987 .. .... . ii 77 - 77 . ..• - ... . 77½- 77½ 76 - 76 - ... 101¾-101¼ .... -102 102 - .... 100 -100 Ft.S.&Van.B.B.lst.6 .... St. Louis ~outlnv'n78¼- 82¼1 72¾- 75¾ 69 - ';3¼ 76¼- 80¼ 80 - 81¼ 80 - 81¼ 79¾- 82 63¼- 69¾ 67 - 70¼ 69¾- 74¼ 71¼- 76 lst, 19~9 ............... .4 62 - 6! 22¼- 30 36¼- 40¼ 37 - 40¼ 36¾- 40¼ 34¼· 3:3¼ 28¼- 34 28 - 37¾ 36¼- 38 20¼- 24¾ 22¼- 29 2d inc., 19~9 .. . .. . ... .4 16¾- 19¾ 17¼- 23 95 - 95 .... 95½- 96 .... - ........ . ... . . . . St. Paul City Cable ... . ii .... - ........ - ..... . . St.P.&Dul.-2d,191 ,-.:, .... - .... 103¼-103½ 10;1 -106 102½-102¾ 102 -1021¼ 105 -105 104 -105 105 -105 !!!It. P. Minn. & Man. . ...... , 110¼-110½ ··•· - ....... - •... 113 -113 ..• - ...• 113½-114 110 -110 110!)(-110¾ ... . 1st, 1909.... - ..•. 109 -109 109 -109 2d mortg., 1909 . .... 6 118 -119 117¾-118 117¾-118¼ ... . - .. .. 116 -116 117¼-118¾ 119¼-120 122 -122 121¾-123 118 -118 .... - .... 118¾-119 Dakota Extemdon . . .. 6 ll8%-119¼ 11~118¼ 119 -119 118¼-ll~ 115 -117 118¼-123¾ 119¼-119¼ .... - .... 120¾-121¾ 121½-122¼ 119¼-121 121 -121 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis ! RAILROAD BO ~D~. 85 I 896-4 .: outinucd. BONDS. - - - - - - - - --1 JANUARY FEBR'RY. MARCH. APRIL. MAY. JUNE. JULY. 1 AUGUST. SEPT'BER. OCTOBER. NOV'BER. .DEC'BER Low.High Low.High Low.High Low.High Low.High Low.High Low.High Low.High Low.High Low.High Low.High Low .High St. P. M.. & M.-(Con.)-.. 1 8 t, ~onsol., coup . ... . 6 118 -120 116 -118 115½-116½ 117¾-119 118¾-122 123 -123 120 -121¾ 122 -122¾ 122¾-122¾ 123 -123 124 -124 1:.:1 -122 Registered .... . . . .. .... .... - ........ - . . . . . .. - . . . . - . . .. . ... - ........ 115 -115 120 -120 .... - . . . . . . - . . . . . . . . - .... • • .. - .. . Reduced to ....... .. 4½ 100¼-102½ 100%-101% 101 -102 1{)(».!-101¾ 104 -104 104 -105¾ l03}.(-105 104¼ -105 105¼-105}( 106 -106½ 105 -106½ 103½-106 Reu:istered . . . . . .. . . . . . . - . . . . . . . - . . . . . . . . - . . . . . . . - .... 100 -100 . . . . - . . . . . . . - . . . . . . . . - . . . . . . - . . . . . . . . - . . .. • • • · - • • • · · · · - • · • Montana Ext., 1st .. . 4 85½- 87 85 - 87 85 - 85 84½- 86 86¾- 90 89 - 89 92½· 95¼ 9i½- M½ 93½- 94¾ 93½- 93½ 93½- 94 85 - 85 Registered.. . . . .. .. ... . ... - ... - . . ... ... - ....... - ........ - . . . 85 - 85 . .. . - . .. . 89 - 89 ... - ..... . .. - .... • • •· - • •·· •·· · - • •· Minn. Union, 192:l .. ti .. .. - ... 118½-120 119¾ 120 .... - .. .. 116½-116½ .... - ........ - .... .. - . .... ... - . . .. 125 -125 •··· - •·· · · ·· · - •·· Montano. Cent., 1st. 6 113 -lU 113 -113 113¼-113½ 113½-113½ 115 -116¾ 116½-118¾ 116 -120 119½-120 118 -119 119 -119¾ .. .• - .... 117 -117¾ 1st, guar., 1931' .... 5 99 -100½ 100 - 104½ 99½-100¾ C9 - 99¾ 100 -103½ 102¾-104 104 -105 10!½-105¾ 103 -105 10!1¾· 105 101 -101 104 -105 E. Minn,, 1st, 1908 .. 5 ... . - ....... . - .... 102 -102¾ .. . . - . . .. 102 -102 .... - ..... ... - . ... . ... - . . .. . .. - .. .. 105¼-105¾ •· •· - • • • • ·• •· - ·· !San An. &Ar. Passlst, 1 :)43, gold, &'U ... 4 52 - 56 52 - 55¾ 54½- 59 58½- 61½ 61¾- 65¾ 64 - 68 64½- 66¾ 64 - 66 62 - 65¼ 60 - 63½ 59 - 61 56 - 61 S, Fr. & N. Pac.-lst . . 5 ... - ....... - . . .. . .. - ........ - .. ... ... - ... . ... - .... . ... - . ....... - . .. 1~-100¾ 100½-100½ 102 -102¾ l l:~½-1023' Sav. Fin.. & West. - I st 112 -117 ... - . . . . .... - . ....... - ... . . ... - .... ll!l -ll!l .... - .... .... - ........ - . . •·· - • • • • · · · · - ··· ~. V. & .N ,E,,ht,1989.4 72¾- 73¾ 67¾- 70 70¼- 72 7!l - 77 78½- 80 79 - 82 82 - 85 Si½- 85 8!l - 85 84 - 86% 85 - 86¾ 85¼- 86¼ !Seab. & Roa,-1926 . . I} ...• - ....... . - .•...... - ........ - •... 100)4-101 100 -100¾ .... - ....... . - . .. 98¾- 98¾ .... - . . •·· - ... . · ··· - •·· So. Cai.·. & Ga,-1st .... 5 95½- 98 95¾- 97½ 97 - 98 96 - 98 95 - 97½ 96½- 98 97¼- 98 96¼- 98¼ 96¾- 97 96½- 98 .... - .... 92 - 94¾ South Yuba Water . ... 5 .. .. - ........ - .... 101½-101½ 101½-101¾ .... - . .. . - ... .... . - .... 101 -101 .... - .... .... - .......• - . . . . 103 -103 ~ onth'n Pac, Cn.1-lst .. 6 109½-ll0 111 -111 110½-110½ .... - .... 110¼-110½ 111 -111 .... - . .... . .. - .... 115 -115 111½-112½ 111 -111½ 111 -111 ht, consol., 193, ... . 5 90 - 90¾ 88 - 90¾ 89 - 90 89¾- 92 90 - 93 92 - 93½ 92½- 95 94½- 95½ 9!¾- 95½ 92 - 9! 91 - 92¼ 90 - 92¼i Au, &.N.W,, lst,'41.5 85%- 86½ 85 - 86¼ 8! - 84¾ 84 - 84% Si - 84¾ 84¾- 94 91 - 9! 91 - 9!1% .... - .... 90 - 90¾ 90¾- 90¾ 91 - 91\14 S o. Pn.c., A:..-iz., 1st .... 6 89½- 89),6 88¾- 89½ 86 - 88 ... . - . .. . 88 - 96 95%-101½ 97 - 99 97 - 98¾ 97¾- 97¾ 97 - 97¾ 96 - 97¾ 97 - 97¼ So. Pn.c,, N, Mex,-lst.6 99½-100½ 99½ -100 100 - 100}~ 100¾-102¾ 102½-105½ 106 -110 106 -107 106 -106½ 106 -106½ 105 -105¾ 105 -105¼ 104½-105~ Southernlst, consol,, 1994 .... 5 84½- 89½ 86 - 87 86 - 88¾ 87 - 90~ 90 - 96½ 95¾- 99½ 97¾- 99¼ 95½- 95 95 - 97 96 - 97 95½- 97 /:so - 96 Col, &Gr,, lst ..... 5-6 ... . - .... . ... . . . ... - .... . ... - ... ..... . . .. - ..... ... - ..... ... - ... .... . - .... 113!),{-ll!l¾ lli½-115½ . ... - . . . W. N. Cn.r., 1st, con.6 111 -112 109 -109¼ 100 -110¾ 110 -112 112 -115 115 -ll6¾ 114 -115½ 115½-115¾ 115,:!-115¾ 116 -ll6½ 116 -ll6 115,a-116¾ Tenn, Coal & h·onTennessee Division .. 6 77 - 78 ... . - ........ - . . .. 80¾- Si½ Si - 88 86 - 95 89 - 95 91¼- 92 92 - 95 93¾- 967'{ 93 - 93¾ 94 - 9!l Bir, Dlv,,lst ... .... .. ti . ... - .... 78½- 78½ 78 - 78¼ 80 - 86 85½- 92¾ 91¾- 99 90 - 96 91¼- 95 95 - 98 96 - 98 92 - 97 90¾- 96¾ Cahn.ha Coal, 1st .... 6 .... - ........ - ........ - ....... . - .... Si - 84 .... - ........ - . . . .. . - ....... . - . ... •·· - •· · · ··· - ·· · · · ·•· - ··· De Bar. C. & [., gu .. ti ... . - ........ - ... . .... - . . . 85 - 85 88½- 88½ 90 - 90 .... - •.. . .. .. - . . . . . .. - . . . . . . . - ... . · · · · - • • • · 92 - 92 Term'l Ass'n of ~t. L.lst, cons., g., 1944 .. 5 .. .. - ........ ..... - ...... . - ........ - ..... .. . - .. . . . . . - .... 99 -100 101 -102 102 -103¼ •··· - ... 100 -1033-ft St. L. Mer. B' g T e r . . 5 .. .. - . . . . . .. - ... .. .... - .... . ... - . .. . - .... 103%-103¾ .... - ........ - .... 105 -105 103¾-105½ 103 -103:J;t .•.. - . . . T. Hnute Elec,-Gen .. 6 .. .. - ........ - .... . .. . - ........ - ........ - .... . ... - ........ - . .. . .... - .... ... - ........ - .... •··· - •··· 105¼·105~ Texas & N. Orleans) st, 190~ ....... ........ ,- . .. . - .. . ..... - ........ - ... . .... - .... ll0 -110 .... - . . . .. . .. - .. . .. .. . - . . . . . . . . - ... .... . - . . . . 110 -110 . . .. - .. . 1 t, consol,, 1943, g.5 89½- 90½ 89 - 90 90¾- 92½ 92 - 9!l 93½- 95 94 - 95¼ 92¾- 95 9!¾- 95¾ 94¾- 95½ 9!l¼- 95¾ 95 - 95½ 94 - 95¾ Sn.bineDiv.,lst ..... . ti .... - ....... - ........ - ........ - ···· .... _ . .. . ···· - ........ - ........ - ........ - ... .. ... - . ... · •·· - •·· 108¾-108¾ Texas & Pn.cific87 - 89¾ 80 - 87M lst, &'Old, 2000 .. ..... . 5 83½- 87 83➔-{- 85¼ 84¾- 87¾ 87¼- 90 89¾- 94 91 ..f..,93¼ 92½- 93¾ 92¼- 93!),( 91 - 94¼ 87¾- 93 21½- 2!l 17 - 22!),{ 'ld, g,, inc,, 2000 .. .. . 5 21½- 25¼ 22 - 2!l 22¼- 25¾ 24¼- 28 26¾- 31¼ 28½- 31% 28¾- 31½ 28 - 30!),{ 27½- 32 23 - 29 Third Avenue (N. Y.)lst, 1937' .......... ... . . 5 118 -118¾ 118¼-118½ 118¾-119 119)4-120 120 -120¾ ... - ... . 119}.(-120 121½-122 121 -122 121 -121½ 121 -121 lHS -122¾ Toi. A. A. & CadillacTr. receipts, 191 '7 ... 6 .... - . . . . .. - .... .... - . . . . 67 - 69¾ 69½- 69½ 69 - 69 69 - 73½ 72¾- 75 .... - . . . . 76 - 76 · · ·· - · · · · • • • • - • • • Tol.A.A.&N.M,,lst.ti 78¾- 80 ... - .. . .... - . . ..... - .... ... . - .. .. ... . - ........ - ..... . .. - ........ - .... ···· - ··· · . ... - ... ..... - .. . Trust receipts......... . 80 - 82 79 - 80 76 - 79 79 - 80 80 - 80 79 - 79 79 - 85 83 - 87 88 - 89 90 - 95 .... - . . . . ..• - ..• Tol,A,A,&G.T,-lst .. 6 .... - . . ...... - .... 75½-75½ .... - ........ - ... . .... - ........ - ... . ... - ... . .... - ....... - . ...... - .... . ... - .. . Trust receipt•........... 82 - 82 . . . . - . . . . 75 - 80 80 - 82 . ... - . . . . . . . - ........ - . . . . 83 - 87 88 - 88 90 - 9! . . . - . ....... - ... Toi, A. A. & ,Ut, Pl.Trust 1.·eceipts ........ 6 . . . . - . . . . . . . - . . . . . . . . - . . . . 70 - 71 . . . . - • . . . . . . . - . . . . 71 - 71 . . . . - . . . . . . . . - . . . . 76½- 76½ . . . . - . . . . • . • . _ .•• Toi.& Ohio Cent,-ht.5 108½-109¼ 107½-108½ 1077.,~-108½ 108¼-108¾ 109½-110 111 -112¾ 110 -ll0¾ 111 -111 110½-111 110½-111 ll0½-110¾ 105 -111 ~est.Div,,l8t,'35 .51os -105l)4 .... ······ - ········ - ········ - ···· · ·•· - .... 111 -111¼111½-lll½lll -111½ .. •• - . .. 109¼-110 .... - . .. T,P,&W,-lst, 191, .. -t .... - . . .. 73 - 73 70 - 72 75 - 77 76 - 80 .... - .... 77¾- 'i8 79 - 81½ 79½- 81¼ 80 - 81¼ 79½- 80¼ 77 - 80¼ Funded coups,, 1895 . 68 - 68 . . . . - . . . . . . . - . . . . 70 - 71½ 72½- 75 73½- 767,! . . . . - . . . . . . . . - . . . . . . . . - . . . . . . - . . . . . . - . . . . . . _ ... Tol.St.L.& K,C,-1st,6 59 - 59 57 - 57 60 - 60 61 - 63 65¼- 65½ .... - . . . 72 - 72½ 73¼- 73¾ . ... - . . . . 75¼- 80½ . ... - . . . . 75¼- 75¾ 1'rnst receipts... .. . . . . . 59 - 60¼ 57½- 60 57 - 60 60 - 6! 66¼- 67'-( 70 - 73 70 - 73 73 - 75 74' - 75½ 75¼- 81½ 75;,~- 79½ 71½- 78 Uls. & Del.-lst, con .. o 102¾-108¼ 103 -103¾ 103 -103 103 -103½ 103½-104¼ .... - .... .••• - .... 102½-lOi 104 -10! 1r,J.. 105½ 105½-105¾ ... - ... Union Pn.cificlst, 1896 ............. ... 6 l0$¾-104:J;! 102 -103½ 102 -104 103½-104¾ 104¼-106¼ 105ll:{-1"6¼ !.06¼-100!):t l0t3%-l07¾ 107¾-107!),{ 107¾-110¾ 108 -110¼ 103½-108¼ 1st, 189'7 . . ......... . . .. 6 104¾-105~ 102)4-103¾ 102¼-104¾ 103!},!-105 104¾-106¾ 106 -107 l0il½-107 107 -107¾ 107~-108¼ lC,7¾-111 108 -110¼ 103%-109¾ 1st, 1898 ....... ... ... .. ti 103 -106 102¾-104 102½-104% 103¾-105¾ 104¾-106½ 105 -107¼ l°'""~-1G7¾ !07½-107¾ 107½-108½ 107¾-111¾ 109 -110½ 104 -110½ l;§t, 1899 . ... ...... . .. . 6 103½-107 103½-104 103➔.(-104¾ 104¾-106 105¾-107¾ 107¼-107¾ 107 -107½ 107½-108 107!},!-108% 108¼-111 109¾-110½ 101½ -110¼ S inking tnnd .. ... ...... 8 97 - 98 96½- 98 89 - 95 90 - 94 92¾- 97 95 - 96 96 - 99 98½-101½ 98 - 99¾ 99 -101 98½-100 92½- 99 Collate1·a l T1.•ust . ... . 5 .... - ........ - ... . .... - . ... 70¼- 72¾ 75 - 75 .... - . . . . 76 - 76 . ... - ........ - ........ - .... .... - . .. . 80 _ 80 Collateral Trust ..... . 6 .... - ... .. ... - . . 87 - 90 90 - 97 .... - ........ - . . . . 97 - 97 97 - 97 97 -100 100 -100 96½- 96½ 96¾- 96¾ Collnte1·al T1.·ust ....4~ . . . . . . . . . - ........ - . . . . . .. - . . . . 43 - !l3 .... - . .. . . .. - . . . . 43½- !l3¾ .... - . . ...... - ........ - .. . ... .. _ .. . T1·11st 1.·eceipts .. . .. .... 4.1 - 4.1 ..•• - •••..•.. - . . • . 39 - 39¾ 38 - 46 .... - . . . . !l0 - !2 43½- 63 48 - 50 .... - . . . . !l8 - 50 45 - 50¾ Col. tt·, notes, '94, g.6 87 - 90¼ 83 - 87¾ 85¾- 38 87 - 88 88 - 95½ 95 - 97 97 - 98½ 95½- 97 97 - 99 9u - 98 94 - 97 92 - 95 Stamped............... . . . . . - . .. . . . . - . . . . 87 - 88 87 - 87¾ 92 - 96½ . . . - . . . . . . . . - . . . . . . . . - . . . . . . . . - . . . . 98 - 98 . . . . - . . . . . . . . _ ... Kn.n, Pac., 1st, 1S9:i.6 105 -105 105 -105 103 -106 104 -106¼ 105½-106½ 106%-106¾ 106¾·106¾ .... - .... 107 -107 109 -110½ 109¾-110¼ 108 -109¾ 18t, 1896 . ... ... ..... . 6 106),,(-106¼ 104!),{-105 106 -106 ]06¼-107¼ 106 -106½ 107½-107½ 107½-108 109 -109 109 -109 110 -111½ 110¼-111¾ 108½-110¼ Denver Div •.... .. ... 6 105 -108 104 -106¾ 103½-107 106 -107½ 107¾-108 108½-109 10 ¾-109¾ 109½-110 111 -111 111½-lH:J;! 112¾-113M 107½-112~ 1st, consol . ..... . .. .. . 6 70 - 78 62 - 71 62 - 69 67 - 71 70 - 7!½ 70 - 73 71½- 74 72 - 76 75 - 80 78½- 85¾ 76 - 76 70 - 77 Trust receipts .. . . .. .... - ... . .... - ........ - ........ - . . . . ... - ... . .... - . . . 72.½- 7!l¾ 72 - 77½ 74¾- 80 78½- 87 77 - 81~ 60¾- 783' At, Col. & Pac.-lst .. ti 38 - 38¼ .... - .... 35 - 35 36 - 39 39½- 45 !l0 - 42¼ 41½- 42 41½- 46 43 - !9½ 41 - 45 !l0 - 43 39 - 40¾ At,J,Co.&W.,ls.6 .... - ... . - ... . .... - .. . ..... - .... 37 -42 41¾-H¼ ... - .... 41½-!2½ .... - . .. . .. .. - . . .. 40 -40 .... - .. . Oreg. Sh. Line-lst . . . ti 88 - 9::!¼ 88 - 92 88¼- 91¾ 88½·· 92 9:.l -102¾ • 97 -101¾ 97½-100½ 98½-102¾ 102 -105¾ 10!¾-106¾ 105½-110¾ 100 -110¾ Trust receipts .. . ... 87¾- 93½ 88 - 91¼ 88 - 91¾ 89 - 90¾ 92½-102½ 97 -101¾ 97½·100½ 99½-lOi¾ 103¾-107½ 106 -107¾ 105¼-110½ 99¾-ll0 Or.Sh,L. &U.N.,con.5 41½- !l9 39 - 44~ 40 - 42¼ 41¾- !i3¾ 4.4 - 53 47 - 51¾ !l7 - 52 50¾- 59 55½- 60¼ . ... - .... 60 - 60 .. . . - .. Trust receipts ... . .. .. . .... - . .. . . .. - . . ... ... - .... i0½- !l2 44 - 54. 4R - 51½ !ii¾- 51¾ 49½- 60¾ 56¾- 62 58 - M¾ 58¼- 6! 52 - 63¼ <Jolln.t,Tst,,1919,g.5 26¼- 28 23 - 25¼ .. - . •.. 21 - 22 23½- 25¼ .... - ... . .... - .... 36 - 36 .... - .... 30 - 36½ 211· - 29 29 - 29 Trust 1·eceipts. . ... . . . . - . . . . . . . - . . . . . . . . - . . . . _ . . . . . . . . - . . . . . . . . - . . . . . . . . - . . . . . . . - . . . 3!l - 3'1 . . . . - . . . . : - . . . . . • . . - ..• Utn.h Southern-Gen. 7 . .. - . . . . .. - . . . . . .. - . . . . . .. - ........ - ........ - . . . . 86 - 86 . ... - ........ - . . . . 92 - 92 .... .... - . . . u~:~!.»!:.t&/J.~9~n:; sii 0 =39¼ ·32 =37½ ·32¾= 36¼ 3~¾= ss·· :~¾= !; :~ =Ii½ :! =1~½ ·ss½= 45 ·39¾= 46¾ ·38½= 42¾ ~= :~¾ :~ =:!¼ Un.Pn.c,L.&Col.,lst.O .... - ........ - . .. . . . . - .... 31 - 35 36 - H !l2 - 42 40¾- 41½ 40¼- 43½ !16 - 4.6½ 45 - 47 .... ...... - .. . Utah & No., g,, 1926.5 .. . . - ........ - ... . .... - ..... . . - . . . . .. - . . ...... - . . . . 86 - 86 . . .. .... - .... 92 - 92 . ... - .....•.. - ••. U . !S. Cordage-1st ....... 51 - 64 50 - 58¾ 53 - 57 53½- 57¾ 40 - 59¾ 35)4- «¾ 35¼- 42 41 - 46~ 50 - 50 .. - ... ..... - ........ - .. . Trust receipts . ......... .... - .. ...... - .... . ... - .... .. - ....... . - .... . . - . . .. . .. 42¾- i5¾ 47 - 50¾ 41½- 49 40¼- 42¾ e22½- 40¼ u. s. Len.ther-1915 .. 6 110 -112 lll½-112½ 112~-113 113 -115 111½-lU 113!),{-lU 114 -115 113¾-lH¾ 113¾-114½ 114 -115 110½-111½ 110½-112 Virginia Midland1 General, 1936 . ...... . O 96½- 96½ 91¾- 92 9!l - 95 96 - 98 94.½- 96 96½-103 101 -101 101 -102 101½-102'2 lOH~ -104 100 -101¼ 100 -101 Gen., guar,stamp.-d .J 1/6 - 96½ 92 - 92 92 - 95 96 - 96½ 95 - 96 96½ 103 101 -101½ .. . - .... 101¾-102 101¾-103½ 100½ 100>,j ~r{½-101~ 1 Wn.bal!l h1st, gold, 1939 .... ... . O 104¾-105½ l0i¾-105½ 104½-106 105%-107 104¼-106½ 106 · 108¾ 100¾-107¾ 1106¾-108¾ 108 - 109½ 108½-109¼ 106 -106½ 100 -106)4 2d mort., gold, 1939.a 68½- 71 63¾- 67¾ 63½- 68½ 66½- 71¾ 70¾- 77 75½- 78¾ 76 - 80 76 - 80½ 76¼- 81 77 - 79 75 - 77¼ 68 - 7H¾ Deb. inc., 1939, l!I, B .ti 21 - 21 21 - 21 21½- 23 22 - 26 25½- 30¾ 29 - 30¾ 28½- 30¾ 1 29½· 33 31¾- 35 30 - 31½ 26 - 29¾ 22 - 27¼ !St,L, K. C,&N, lt' I E. i 104.~ -104¾ lO!l¾-104¾ 101¾-101½ 101¼-101¾ 102 -102¾ 102¾-103 103¼-103¼ 103)4-103¾ .... - ........ - ... .... . •- ... . .. .. - .. . No. Mo,-lt'll, lS95 . . 1 101½-102 101¾-101¾ 101~-102¾ 102¾-102½ 103 -103¼ 103¾·103¾ ... - ...... . . - .. .. . ..• - ..... . . . - ....... - ... . .... - .. . St,C,B'ge, ll!lt, 190 ·t, 10 -10:, . .. - ........ - ... ... .. - •.•. 105¼-106 .... .... - . . . . . . - ........ - .... 105 -107 .... - ... . .... - ••• D, & Ch. Ext, 194 •. . ~ 97 - 97 95 - 95 95 - 95 - . ... 98 - 98 98 - 9!!½ 96¼- 97 96¾- 981.c 99 - 99 !ltl½· 98 97 - 97¼ 95 -100 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 86 RAILROAD BO DS. 189~-~oncluded. JANUARY FEBR'RY. BONDS. MAR0H. APRIL. MAY. .TUNE. JULY. AUGUST. SEPT'BER. OOTOBER. NOV'BER_I DE0'BER, _ _ _ _ _ _ _ _ _ _ _ _ Low .High Low.High Low.Hiirb Low.High Low.High Low.High Low.High Low.High Low.High Low.High ~w.Hlgh 1Lo~High West. N. Y. & Penn.1st ............ ....... .... . 5 Gen'l, 1943, 1r ... 2.3.4 2d M., g., 1927 ... .3-lj Trust receipts...... ... Incomes 1943 ......... 5 W. Union TelegraphRegistered ... .......... , Collo.te1.·al trust ... .. lj W.Va.C,&Pitu.-lst.6 Wheel'g & Lake Erie1st ....... ................ . 5 -Consol.... . .......... 4 Ext.& lmp ,:-~.,1930.5 Wheel. Div,t J.st ...... 5 Wisconsin Cent'I Co.1st, irold .............. ... 5 Trust , ecelpts.... ... . Income. 19'l.,-... ... ... !i 102!,(-103½ 102¾-108½ 108½-106~ 106¾-100¾ lQo¼-108 .... - .... .... - J.08 - 110 1073,i-1()9½ 109½-109½ 109¾-110 110½-111~ 109 -110 107¾-110 46½ · 45½ 45½- 47¼ 47½- 49 49 - 60¼ 47 - 49!,4 46¼- 47¼ 42 - 47 2!l - 24 28½- 24¼ 2!l - 25 24½- 27¼ 28 - 81 29¾- 31 .. . ll<l -114 106 -108½ 106 -108 . ... 100 -100 .... .... 93 - 93 45½· 51¾ 45 - 48 r.¼- 7 18½- 19 - ........ - .... no -110 107 -107¼ 107 -109¼ 108½-110 110½ 111~ 108½-110¾ 110 -111 ... - .. 106½-106¾ ... - ... 100 -100½ 100 -100 97½-102¼ .... - .... 72¾- 72¾ 71¼- 71¾ 91 - 91½ 91¾- 91½ 91!1(- 92 91¼- 92 93 - 94½ 91½- 91½ .. . . .... - . . . . 30½- 80¼ . .. 18¾· 18¾ 18 - 19 44 - 49➔-f 50 - 56 54½· 65 !\ - ~ 9 102¾-lOi 108¾-lW 71¾- 72¾ Ill - 91¾ 01½- 93 92 - 93½ 92¼- 95 56 - 57¼1 f>5¼- 57 55 - 57¾ 55 - 57 10¼ 10¼- 11 .... - .... 19 - 20¾ 17 - 19½ 16 - 17M 13 - 16~ Ll2 -112 .... 111 -111½ 110 -110½ 107 -110 108 -110 - .... 110½-1101,g •••• 103!1::(-106~ 105 -106 103 -103¾ 105 -105 92½- 92½ 92½- 92½ 93 - 93 94½· 9!l½ lO!l -106 92 - 92¾ •.•• 93¼- PS½ 55 - 58½ 57¼- 57½ 62 - 63 60 - 60¼ 50½- 54 55½- 58¾ 56¾- 61½ _57½- 6i½ 56½- 60 50 - 56 - 1l 10¾- 11¾ H - 14 12 - 12 17 - 17 36 - 50¾ 29 - 50½ 11 ,. [Beginning with 1 96 , we have made tt change in the order of arrangernent of the bonds. We now follow entirely the ffilassification of the N~w York Stock Exchange Official List. This brings the bonds of a number of leased roadR under the title of the lessee company-Beech Creek, for instance, under New York Central-while the various miscellaneous corporations, instead of being included in the list with the railroads, are given in a class by themselves under the title Miscellaneous.] 1~96. JAJ.~UARY FEBR'RY. BONDS. MARCH. APRIL. MAY. JUNE. JULY. AUGUST. SEPT'BER. OCTOBER. Nov'BER. DEC'BER. - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 1 - - - - -1- - - - - _ _ _ _ _ _ _ _ _ _ _ Low.High Low.High Low.Hillh Low.High Low.High Low.High Low.High Low.High Low.High Low.High Low.High ~~High Ala. Mid.-ht, 1928.. 6 .... - . .. . 92 - 92 .... Ann Arbor-1st. '95,aA 66 - 70 69¼- 72 69¾- 70¾ 69 - 71¼ 70 - 71¼ .... - .... 66 - 70¼ 63 - 65½ 65 - 69¾ 67 - 69¼ 70 - 7!½ 73 - 74½ Atch. Top. & S. Fe.I General, gold, 1995.4 72¾- 78 77¾- 81½ 777k 81¾ 78¼- 80¾ 78 - 80¾ 76¾- 80¾ 71¼- 79 63¾- 74½ 73¾- 77¾ 72½- 76¾ 75¾- 80¾ 77'4- 79¾ Adjustm't, g , 1995, 4 42½- 47 46¾- 51¾ 44 - 49½ 44¼- 46% 40 - 44¼ 88¾- 4:?% 30½- 39¾ 28¾- 33¾ 30½- 37!,4 :!3¼· 40 40¼· 44M 40½- 43¾ General, 4, trust rec. . 69½- 76 75¼- 80¾ 75¾- 79¾ 76 - 70½ ' .. .. Registered ............... .. .. - . . . . 79 - 79 .... - ........ 2½•4,tr. rec.1st in.pd. 19¾- 24½ 23¾- 28¾ 23½- 27½ 24¾-•27¾ .... 4, tr. rec.,lst Inst. pd. 21¾- 21¾ .... - ....... . c. Mid., 1st, g, 6,t.rec. 69 - 74 74 - 77½ ... . - .... 72¾- 77 65 - 71 .... 67 - 78 69 - 69 68 - 73M 69½· 69¾ Con.,g .. '40,4,t,rec. 20 - 23 23 - 27 25 - 26 24¼- 21>¾ 23½- 23¼ 21 - 23½ 19½- 20 .... - ... . 16 - 19½ 18½- 20½ 20 - 22½ 17 - 20¾ Atl. Av, (B'klyn)-lm.5 .... 82¼- 82½ .... Atlantic & Pn.c.-lst ... 4 49 - 49 41¾- 41¾ 40 - 40 60 - 50 39 - 39 ½· 1 Income ................ ... 6 2 - 2 ¾- 1 ½2 - 3 2 - 2¾ 1¾- 2 ¼ .... ¾- 1~ ¾- 1'4 Baltimore & Ohio1st, P. B ... .......... . 6 112 -112 107 -107 108 -109 107 -108 105 -105 .... - .... 103¼-108 . ... Gold, 1925, coup ..... 5 95 - 99 93 - 97¼ 80½- 87 fil - 90½ 90½- 96 92½- 93½ 92 - 92 - . . . . 87 - 90 90 - 90 Reaistered.... .. ...... . .. . 91 - 91 - . . . . 87 - 87 -Consol., gold, 1988 .. 5 104 -107 103 -107 93 - 96 93½- 97 100 -102½ 102¼-103 103 -103 .... B.&o.s w.-tst, t 990 .... - .... 10(¾-100)4 .... - .... 102 -102 .... B.&O.SW.Ry.'93.4½ .... 81 - 81 79 - 79 .... 99½- 99½ .... 1st income, B .. ..... . 5 ... . - . . .. 11 - 11 .. .. ........ - •.•. 97¼- 97½ Ceo. O. lleorg.con.4½ .... Bo.It. Belt-1st, gu. 5. 94 - 99 83 -86 83¾-92 .... - .... 83½- 63½ . ... 98 - 98¾ ... Beech Cr'k.-See N."l",C, :U'way & .,-th Av,-' 43.5 111¾-114 114½-115 113 -114¼ 113 -116½ 116 -117¾ 114,¾-116 ll5 -117 109%-111½ 112 -115 114 -116 116½-118¼ 116¼-117¾ B1.·ooklyn City-Cons .. 5 .... - .... .... - .... 113¾-113¼ •··· - • • .. 113 -115 113 -113¾ 110½-110¾ 110½·110½ 110½-110½ .... - .... 114¾-114¾ Brooklyn Elevated1st, 1924 ..... ........ . . 6 99½-102 97¼-l~l¾ 88 -102 94 - 96½ ~ - 95 80¾- 85 76 - 80½ 77 - 78 71 - 75 75 - 75 75 - 82 74 - 80 2d mort., 1915 .... 3.lj ... - .... 70 - 12½ .... - .... • -• 50 - 55 50 - 52 - ........ 45 - 45 89 - 39 UnionEl.-lst,1937 .6 9~-100¾ 96 - 99½ 95¾- 99¾ 95½- 97¼ 62¾- 92½ 80 - Si 75 - 80 75 - 76 70 - 73 71 - 74¼ 71¼- 80 71 - 73'4 S.S.& B.B., lst,'il.5 .... 83 - 83 80 - 80¾ .... Brooklyn Rap.Trans.a .... 78 - 80 77 - 79¾ 70 - 73 73 - 76 72½- 74 74½- 78½ 74 - 79¾ Bruns.& W.-1st,'3S,4 .... .... 7'i - 74 Buff. Roch & P.-Gen.5 95 - 98 .... - .... 96-97 96½- 97 97 - 97½ 99 - 99 97 - 97 96 - 96 R, & P., 1st, 1921 ... 6 123 -125¾ 124 -124 124 -124 .... - ... . 123 -124 123;,r-124 120 -120 .... .. .. 119 -119 Consol., 1st .......... 6 ... - .... 119¼-119½ 118 -119 118 -118½ 119 -119 116¼-116¾ 114 -114 112 -112 .... - .... 117 -118¼ 119 -120½ 116 -116¾ 'Buf.&Sus.· ·lst,1913 .5 .... - ... 100 -100 Burl. C. Rap, & No.1st... ..... . . . .. . . . .. . .. 5 103 -106½ 106 -107 106 -107 107 -108¼ lOi¾-108½ 106 -106½ 104 -106¾ 100 -102 100¾-105 104~-106 105½-107 104½-105¾ Consol. 1st & col. tr.5 99 -100 101 -102½ 101½-103½ 101 -102¾ 102¾-102¾ 101½-102% 102½-102¾ .... - .... 102}(-102¼ 100 -100 102¾-103 102½-102½ c. R. I. F. & N., 1st .. ti 106½-106½ .... - .... 105½- 105½ ... - ....... - . . .. 102 -102 1st, 1921 .. ...... ...... ~ .... - .... 101 -101 102 -102 .... - .. .. 102 -102½ ..•. ill, & St. L., 1st, gu .. 7 .... 140 -HO .... - .... . ... -Cn.n South' n-lst, gu .:; 106 -108 107¾-109¾ 108 -109 108½-110 109 -110 109¾-110¼ 105 -108½ 105 -106 106 -107¾ 100 -107!1:( 107¼-110 109¾-110¼ ~d mortgo.ire ........ ... 5 104 -105 104½-107 103½-104½ 103½-104½ 104½·105¾ 104¾-106 100 -106 100 -101 98 -101 101 - 102¼ 103 -104¾ 1(}4¼-105½ Registered.. .. - .... 103¾·103¾ - ... . ... ,Ceut.Obio-See B. & O. 94 - 94 95 - 96¾ 95 - 96 95 - 96 •Cent. RR. & B., Go. .. 5 - .. 100 -100 .... 98 - 98 90 - 91 -Oen. Ry, ofGn..-Cons 5 .... •Cent. ot New J e1.·seyConsol., 1899 ...... ... , . .. . - .... 109½-110 109 -110½ 107¾-108 108 -108¾ 108¼-108!,4 ... - .... 103½-103½ .... - .... 104½-105¼ .... Conv. deben., 1902 .. 7 ... - .... 116½-116 119 -119¼ 118½-120 116¼-117 116 -116 ........ - ........ - ........ - .... 105¾-106¾ .... Gen, mort., 1987 .... ~ 112¾-115½ Ll6¾-119½ 116¾-118½ 116½-il9¼ 119 -119½ 118¾-120 114½-117½ 110 -114¾ 112 -115 112 -115 115 -118½ 118 -118½ Registered. . ... --~ 113 -114¼ 114 -11'=' 116 -116¾ 114 -116~ 116 - 116½ 114¾-116¾ 113¾-114½ 110 -112¾ 111 -113¾ 110½-112 lli¾-116 114.¼-116 Leb.&W.B.-Assent, 104¼-105 1()4¾-106 103 -105 104 -105 104¾-105 102¾(-103½ 102 -103 101¾-102¼ 102¾-10!?¾ 102 -103 102½·104¼ 103¼-1043,s Mortgage, 1912 .... ~ .. - . ....... - .... 92¾- 92¾ 90 - 90 90 - 90 Am. Dock & Imp . ..... 5 111½-112 113 -113¾ 113 -114¼ 113½-114¼ 113¾-114½ 114¼-114¼ lll¾-112 108 -110 109 -110 110 -111½ 112 -115 116 -116½ N, J. Soutb'n, 1899.6 ... . - ... . 104 -104 103 -103 - ... 1Q3¾·103¾ ... - ... 103¾-104: .... ,Centro.I Pn.clfic- . • . 102 -102 108 -103¼ .... Gold, J.896 .......... .. 6 100 -100¼ 101 -102 911¾-100 . .. . - .... 100¾-102!14 102½-103 Gold, 1891 . ........... . 6 100½·100¾ 102 -102½ 101¼-102 101½-101¼ 102 -102 99¾-100 99 -100¼ 99 -103 103 -103¼ Gold, 1898 ...... ...... . 6 99½-100½ 102 -103½ 103 -103 103 -103¾ 103¼-104 103½-103½ 100 -101 100 -100 - .... 102½-103 - .... 101 -101 102 -102½ - •... 104 -104 Sn.n Joaquin Br'ch ... 6 ... . 84½- 84½ .... Goar, gold, 1939 .. .. ~ .... - .... 99-99 •••• - .... - .... 98 -98 Land grants ............ ~ .. . - .... 100 -100 98 - 98 98 - 98 - ... . 102¾-10~ Ext., g., ser. A., '98.~ ... Western Pacific.~..... 6 .... - ... 103 -103 102¾-103 103 -103 103½-103½ 103½-103½ 101 -101¾ 98 - 98 100 -100 100 -100 92 - 93 No, ofCn.l., 50 Year .. 5 92¼- 93¾ 93¾- 94¼ 1-3¾- 94½ 92 - 93¾ 93¼- 94¾ 93¾- 94½ 9? - 93¾ 91½- 92½ 92¾- 94 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis I RAILROAD BO DS. 1896-C:onlinued. 'lONDS. JANUARY' FEBR'~ MARCH. - ~~ ~ A Y. ~UNE. ~~ ~~ SEPT'BER. OCTOBER. Nov'B'li:R. ~'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 --- - - - - - ---- ---- - - -· - - - - - - - - - ---- ·- - - - Chesapeake & Ohiol.."1,1rch. money tund .. fi 104 -104½ L04¾-104¾ lOi½-104½ 104¼-104½ 106 -106 106¼-106¾ ...• - . .. . ... - ... . .... - . .. . 105¼-105¾ eerlesA, a-old, 1908.6 . .. - .. . - .. ..... - .... 115¾-ll~ 116 -117¾ 117 -117 118 -119 111 -111 - .... 114 -114¼ ... - .... 118 -119 Mortira1e, 1911 ... . ... 6 .... - ........ - ... 117¾-117¾ 114¾-115½ 115¾-11~ 117½-118 115 -115 115 -115¾ 116 -117 ... - . .. . 118 -119 118 -118'.( tst, con., ll•, 1939 ... . :, 104¾-109 108 -109¼ 107¼-109 107½-lll¾ 107¼-108¼ 106 -108 100 -107¼ 100 -103½ 102 -107 104¼-107½ 106-108 107 -108 Reiristered .. ........... .. .. - . . 107 -107 .... - .... 105 -108¼ 105½-106½ 106 -106 99 -100½ . .. . - .. . 104¼-105!14 105 -10-n( General, 199:l ...... 4½ 6~¼- 76 75¼- 78¼ 71¾- 74½ 72 - 76 73¼- 75¾ 72 - 75 67½- 73 65 - 69 65 - 71!,4 67 - 71½ 70 - 75 71¾- 74¾ R.&A.D.1stcon.'89 4 91¾- 94¾ 95 - 96 9i¾- 95¾ 94¼- 96½ 96 :. 97¾ 96!1i!- 97¾ 94 - 94¾ 90 - 94 92¼- 94 93 - 95 95 - 98 96½- 99¾ 2d consol., 1989 .... 4 8~ - 83 82 - 85½ 85 - 85 82½- 88 83 - 83 75 - 80 82 - 83 82 - 83 87½- 88 87 - 87¾ Craia- Val , 1st, '40. ti . ... - .. .. 95¼- 95¼ 92½- 92½ ..• . - ...... .. Eliz. Lex. & B. S .. .. ti 98 -100½ LOO -102½ - . . . 99 - 99:¼ 100¼-100% 99 -100¼ 98½- 99¼ 95 - 97¾ 95 - 98 95 - 97½ 98 - 99 99 -100 Chicago & AltonSlnkln,i fund, 1903 .. 6 .... 113 -113 - . . .. 117 -117 - •... lH¼-114¾ 114¼-114¾ ... • - .... 108½-108½ 109 -109 L.&Mo.R.lst, 1900 . 1 .... 109 -109 110 -110 110 -11 1 ...• .. . ... .. - . . . - .... 107¼-107½ • . . . ,2d, 1900 .............. 7 109 -109 LOO -109 - .... 111 -111 Chic. Bur. &No.-lst.fi 103 -103 104½-104½ . •• - .... 103½-103½ 103 -103 . . .. - ... 102½-103 99 - 99 . . . . - . . . . 98½- 98¾ . . . . - ... 104 -104 ,Chic. Burl. & QuincyConsol. .... . ............. 7 115½-116½ 116 -118 117 -118 117¾-119½ 118¾-119¼ 119¼·120 113 -116 110 -113¾ 1111'(:-115 114½-116 115¼-llS¾ 117¼-118¾ Sink, fund, 1901 .. ... ii 102½-102¼ 102¼-102½ 103 -103¼ .. . . - .... 103 -103¾ 101 -101 101¾-101¾ . ••• - .... 103 -103 Debenture, 1913 .. ... ~ 100 -101 99 -101 99½-101 97 -101½ 98¾-100 98 - 99½ 85 - 97½ 85 - 90 92½- 97¾ 94 - 96¼ 95 -100 96 - 98 Convertible, 1903 .. . ~ 100 -103½ 102 -104¼ 99½-101 100 -101¾ 101¼-101½ 101 -101¾ 97 -101 93 - 98 95 - 97 =96 - 97 97 -101:13 100 -101¼ Iowa Div., sink, td .. . ~ .... :- ........ - . . . . .. . - .. .. 106 -106 106 -106 - .... 104½-105 •••• - ... . 103 -103 - .....••. 1919, ............. .... . 4 98¼- 98½ 98¼- 99½ 99¼- 99¾ 97½- 98 98 - 98½ 98 - 98¼ 93 - 97 9.l - 92½ 95 - 95 93¼- 96 96 .. 98 _, .Denver Div., 1922 ... 4 95 - 95 .... 93¾- 94¼ 94}(- 941¼ 95 - 95}( 95 - 95¾ 90 - 95½ 87¼- 88 89 - 89 89¾· 89¼ 92 - 92),( 93¾- 94 Ch, & Ia.Div .• 190~.~ 107¼-107½ .. .. Nebr'skaExt .. 1927 .4 87½- 90 90 - 91½ 90¾- 91¾ 90¾- 91½ 89 - 91¼ 89¼- 91½ 82 - 89½ 80 - 84¼ 84 - 85½ 85 - 86¼ 88¾- 89¾ 87¾- 89 Han. & St. J ., co ns .. 6 116 -118¼ 118 -118 .... - ... 115 -117¾ 117½-117¾ 117½-118~ 116 -118¼ 111 -114 109¼-112¼ 112¼-114¼ 114¾-117¼ 118 -118 ,hie.& East'n rtlinois1st, sinking fund ..... 6 112 -114 113½-113½ 114½·115¼ ... - .... 117¼-117¼ 115 -115¼ ll2 -115 110 -111¼ 111 -111 .... - ... . 114¼-114.¼ 112 -112¾ tstconsol., ,iold ....... 6 123 -123 126¼-126½ 124 -125 123 -124¼ 124½-1251J:( 124¼-127 . . . . - .... l18 -123¼ 123½-125 122 -122¾ 122 -122 122 -123¼ Gen. mort., 1937 . ... ~ 99%-101 99 -101 101 -102 101 -102½ 99 -100 99¼-101 98 - 99¼ 96½- 98 96¼- 97¾ 95½- 97 94 -101¾ 99 -102 Registered .... -...... 5 . . . . - · · · · · .. • - · · · · • · • • - · · · · · · • • - · · · · · · · · - · · · · . . . . - . ... 104¼-104~ . • • • Chlc.&ln.C'lRy-lst.6 .... - . ... 100 -100 95¼· 96~ 98¼- 99¾ 97½-100¾ 98 100 9S - 98 .•. - ........ - .... 93 - 95 96 -100 99¾- 91% Chic. Mllw. & St. P.lat, P. D., 1898 ...... 8 .. . - .. .. 105%-106 166_¼-10~ 10~-107¾ 108 -108 108 -108 108¼-106¼ 102¾-103½ 103½-105 104¼-104'¼ 105 -105 2d,P.D,,1898 ..... '7'3 .... - .... 125 -125 ... . - . . .. 125½-126½ ...• - .... 126%-127¼127 -127 - .. . 127 -127 128¼-128¼ ht ,a-old, R. D,1902.7 12-2 ¼-123 124½-126 127¼-12~ 127 -127¼ 128½-128¼ 128¼-129¾ 126½-128 117¾·123 123 -123 .... - .... 125¼ 125¼ •.•• - ..•. 1st I. & M. Div ........ 7 121 -121 126 -126 125 -126¼ 125¼-128 126 -126 127 -127 117¼-123¾ 112¾-115 125 -125 .... - .... 126 -126 128~.(-1~ tst J. & D. Div .. .... 7 .... - .... .... - ,. ...... - .... ... . - ...... . - .... 127½-127~ •..• - .... 127¼-127¾ 1st c. & M. Div ...... ., 122½·123 ... . - . ... ..•. - . •..... - . .. ..... - ........ - ... . 124 -12'1 122 -122 125 -125 125 -125 .... Consol., 1906 .. ... .... , 123 -125½ 127¼-128 128 -128 128¼-128¼ 130 -131½ 132 -132½ 124 -130 119 -124¾ 122 -125 124 -126¼ 128 -129 130 -132 1st I. & D. Exten . .... 1126 -128 130 -130 .... - .... 130 -133¼ 133¼-133¼ 126 -126 - .... 125 -125 125½-125½ 128 -128 130JJ(-133 1st So. West. Div ..... 6 115 -115 115¾-115½ 115 -115¾ 115 -1... 5 115¾-118 .. .. - ... 111 · 111 106 -108½ 109},(-111 113½-113¼ 116¼-117¼ 116¾-117¾ 1wt La C. & Dn.v ..... . :i .... - .... 107½-109 108),(-lOS¼ 111 -111 .... - .... 109¾ -109½ 103 -105~ .... - ....... - .... 107 -107½ 1oi; -109 110 -110¼ 1st So. Minn. Div . .... 6 112¼-114½ 115¼-115¾ 115¼-115½ 115 -117¾ 117 -118¾ 118 -118½ 112 -115 110 -110½ 112¾-113¾ 113½-115 114½-117¾ 117¼-118¾ .ht H. & D. Div ....... 1 124 -124 . . . . - . ... 124.½- 124½ 124 -126¾ ... • - . .. . 127½-128 120 -120 - ... . 121¼-121¼ 123 -124½ 126 -127¼ 127¾-127¾ 1st H. & D. Div ... ... 6 .. . . . - ... . .... - . ....... - .... ... - .... 106 -106 - .. .. 101½-104¼ •••• - .... 108 -108 Chic. & Pac. Dlv .. .... 6 . .. . - ... . 115 -116 .... - .... 116¾-118 117½ -118½ 119 -119 ...• - . ... no -110 112 - 112 116 -116 - .... 118¾-ll~ Chic. & Pn.c. W. Div.ti 110 -111¼ lll¼-113¾ 113 -113¾ 113 -114½ 114¼-114¾ 114!):(-115½ 108_¼-113½ 108 -lOU¾ 108¼-112 111 -112 112 -114¾ 113¾-ll~ Chic. & Mo. R. Dtv .. :i 103¾-106½ 105¾-107~ 107!J;t-109¼ 109½-110 109 -109¾ 109 -111 103 -108¼ 102½-104 103 -106 105 -108 107¾-110 108 -109 lUlneral Point Div ... 6 103¾-103¼ .... - .... 115¼-115¼ 106 -106 .... - ..... . .. - .. .. ...• - . . . . 98 - 98 100 -105 104¼-105¾ . . . . Chic. & L. Sup. Div.~ 107¼-107½ .. . . - .... 108¼-109 109¼-110 •... - •... . . .. - ... lOfl½-106½ . ..• Wis.& lllln, Div .. .. .. ~ 106½-108½ 11()%-111 112!,:(-112),( .... - .... ... . - . ... 112 -112¼ 110 -110 103 -104 106:1.(-107¼ 107 -107 110 -111 110¾·112¼ Terminal.. .......... .. ~ 108 -112 111 -112¾ 112;1(-113 111¼·112~ 112½-112½ 113 -114 .... - .... 105 -106¾ 108 -108 .... - .... 112 -112 112 -112~ On.kota & Gt. So . .. . 6 105>(-105½ .. . . - .. . 107 -107¼ ... - ... . 108¼·108¼ 108¼-109 · 106 -106 106 -106 - . .. 105¼-105¼ 108 -108 109 -109 Gen M.,"A" 1989 ... 4 93 - 94 94 - 95 93½- 95~ 92¼· 95½ 95¼- 97¼ 96¾- 98 93¼- 96 91¼- ll2 92 - 94 92 - 93½ 95 - 96¾ 96¼- 97¼ Mort. cont., s. t.,• 16.a 96 - 96 .... - . .. . . ... , .... - ........ MU.& No., 1st, 1910.6 114 - lU 115~-115¼ 1151,.(-115¼ 116¼-117¼ 117¼-118¾ 115½-118 L16 -116 - .... 115½-115¾ .... .1st on ext •. 1913 - .6 115¼-116 116 -116½ 117 -117 117 -118),( US -119 118 -118 116 -116 - . . .. 115 -115 - .... 116 -116 Chic. & Northwest'nConsol., 191/i ......... 7 141 -141 - .... l.a8¼-139½ 140 -140¾ 138¼-138¼ 138½-140 138 -140 129½-132¾ 131 -135 134 -135 133¼-140 139 -HO Gold, coup., 1902 .... , 118¼-118¾ 118 -118 117¾-119 118 -119 119¼-120 116¼-117¼ 116¼-117½ 115 -117 115¾-117 116 -117 118¼-118¾ 115)i-116 Gold, re,i., 1902 .. .... 1 116 -118¼ 117½-117½ 117 -118¼ 117 -118 118¼-118¼ .... - .. 116 -116 116 -116 116 -117 116¼-118¼ l14!Jt-116 ~lnkln,i tund,coup . .. .6 112 -112 115 -115 116 -116 115 -115 .... - .......• - .......• - .... lOtl¼-106½ .••• - ........ - ..•. 110 -110 lllf!-lU RelllStered............. . . . . - .... 112 . -112 . . . . - . ... 114 -114 114 -114 . • •• - .• , . . . . . - .... 110 -110 113 -113 Slnktna- fund, coup ... ~ 108 -108 110 -111 110),,(-111 108 -108¾ 108¾-10~ 108½-lOU 107 -108¼ 10!1¾-106¾ 106 -109¾ 106¼ -108 107¼-108 109 -109 Rea-istered ..... ........ 108 -108 110 -110 108 -llO½ . . • • - .... 108 -108½ . . . . - . . . . . . . . - .. . . 104!1:(-10!¾ 108¼-108½ 105¾-105¾ . . . . - . . . . . . . Debenture, 1933 ..... :. 107¼-110½ 1101,i-lll¼ 1103'-lll¼ llQ¾-111¾ 108 -110 109 -110),.( 107 -110 105 -106 L04¾-108 106¾-108 107¾-109 109¼-111 Reaistered .. . ...... , .~ 106 -106 111 -111 .... - ... .. ... - •..• 109¼-109¼ ..•. - •... 107 -107 107¾-107 26 yn, deben., 1909 .6 103 -106¼ 105¼-106¼ 106 -1061¼ 106 -107 105 -105¼ 105¼-107 10!¼-106 103 -105¾ 105 -105 103 -105½1103 -105 105¾-106 Rea-istered ......... . . . . 103 -103 - . . . . . . . . - .... 104 -104 106 -106 30-yeardeb., 1921 .. /i 107 -108 107½-110 .... - .... 108 -108½ 108¼-109¼ 109 -109 109½-109½ ... • - .. . 105 -105 . -· Exten. bonds, 19'l6 . . 4 100 -101 ..•. 99¾-102 .... - . . . . 98 -102 .... - ... 100¼-102¼ 102¼-102¼ 102 -102 98 - 99¾ 101 -101~ Reiilstered .... ...... . 4 . .. . - .... 100 -100 - ... . 115½-llB 116 -116 . . . . Iowa lltidland, lst .. . 8 117 -117 .... 121 -121 . . . . Des. Mo. & M,, 1st . . 1 .... Chic.& Mll.-lst ...... ? L05 -105 .... - . ... 106 -106 105½-106½ •••• - .... 104¼-104½ .... - .... 104!}.(-104¾ 106 -106 107½-107¼ Escan.& L,Sup.,lst.6 .... - .... 107 -107 .... - .... 107¾-107½ .••• - • ... 127 -127 .... Winona& St. P.-2d .1 .... Milw. & Mad., lst ... 6108 -108 . ... Ot. c. F. & St.P. 1st.a .... - .. .. 109 -109 .... - .. .. 108 -108 .... - .... 105 -105 .. .. - .... 108 -108 No. Ill., 1st, 1910 .... o 105 -105 .. .. - . ... 106 -106 .... - ....... - .... 107 -107 M.L. S.& Wlst.,'21.6 129¼-130¼ 130¾-130¼ 13~-131¼ 131¼-132½ .... - .... 122 -125 125 -128 128 -128 129 -129 130 -131 Conv. deb , 1907 .. ~ ... - .... 104 -104 . ... Ext. & Imp., s. f ... .:i 113 -113 111 -111 113½-114¼ . . . - . . . 115¼-115½ 114- -114½ 109¼-114 104 -108½ 107 -109 107 -110 111 -112 112 -112 Income .. .............. . . 6 ... . - .. .. 105 -105 .... - .... 105¼-105¼ 10(, -105 105 -105 ...• Mich. Div., 1st . ... . .. 6 .. .. - .... 131 -131¾ 130 -130 119 -119 .... - .... 125 -126¼ 127 -127 Ashland Div., 1st. .6 .... - ... ... · .... 129 -129 - ... . 126 -126 128 -128 - .... 123 -123 Chic. R. I. & PacificCoupon . ........... .. ... . 6 ... - ... . 126 -126 ... . - .. . 127¾-127¾ 130 -130 124 -127 119½-121 124 -124 128 -129¼ 130 -131¾ Re11:istered . ... .... .. . . 6 ... . - .... 125 -125 .... 122 -123 118 -118 - .... 129 -129 130 -130 Exten. & collateral .. :i 100 -103 102 .-103¾ 103 -103¾ 103¼-104¾ 104¼-105 1()41,9-106 95½ -102¾ 94¾- 98 97¾-100¼ 99 -100½ OP¼-104¾ 103¼-104¾ Re11:istered .. .. .. . . .. ~ 100 -101½ 101¾-101¼ 101½-101½ 102 -102½ 103 -103¼ 101¼-101½ 99¼ -101¼ ... - ... . - .... 101¼-103¼ 101 -103¾ Debenture, 1921 ..... 5 92 - 94 94 - 97¾ 94 - 94½ 95¼- 95½ 96 - 97 94 - 96 90½- 90½ 89½- 90 87¼- 91 88½- 91 92 - 99¾ 92 - 96 Keok. & Des M.; lst.:i .... - .... 107½-107½ 106 -107 101½-104 103 -104 103 -104½ 103 -103 100 -100 lOi½-104 - .... 100 -100 D.M.&F.D.lst'0~.2¼ .... 65 - 65 - ... . 62½- 6! 65 - 66 55 - 55 65 - 65 65 - 65 1st, 1906 . ........ . . . . 4 .... - . . . . 85 - 65 .... - . . . ... - ....... . - . .. . 86 - 88½ . ... C.St,L.& P.-See Pa.Co. Chic. St.P. Min.& Om.Consol., 1930 ..... . ... 6 124 -125 L24½-126 126 -126½ 125 -127 126 - 129 12511:(-12tl 117 -126 117 -119 118 -124¼ 123¾·125¼ 125¼-128 126¾-1271.i Chlc,St.P.&M.-ht .. 6 .... - . ... 127 -127½ 127 -127 126 -129½ 127½·129 - ... . 122 - 122 126.¼-126¼ 126 -126 - .•. . 126 -128 St. P. & S, Clty-lst .. 6 128 -128 L28 -130 130 -130 126 -128 130 -130 129 -13U 123 -129¼ 122 -125 126 •·128 125 -127 127 -127 127¼-128 Chic. & West. Ind.Gen. mort., 1932 ..... 6 110¼-lli1t 118½-118½ . ... 117 -117 117 -117;1.i 116 -117 115 -115 - . ... 113 -115 113}4'-115 - ... . 1116 -1173( https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis I···· - .... RAILROAD BO D . J 896-Cootinued. JANUARY FEBR'RY. BONDS. _ J -_ _ _ _ - - ·- - MARCH. APRIL. MAY. JUNE. JULY. AUGUST. SEPT'BER. OCTOBER. N0V'BER. DEO'BE.R. - - - - - - - - - - - - - - - - - - - - - ---- - - - - - - - - - - - Low.High Low.High Low.High Low.High Low.High Low.High Low.High Low.High Low.High Low.High Low.lllgh Low.Hlgb Cln.Hom.&Day.-S.f.7 .... - ... . .... - .... .... - ... - .... 119¼-119½ 120 -120 .••• 2d, gold, 1937 ..... . 4½ ... - ... - ........ - . .. . 106 -106 103½-104 Cln. Day. &Ir.1st ... ~ 105'1(-109 103½-109¾ 108¾-108¾ L08 -109 107 -109 108 -108 105½-107¾ 100 -101½ 100½-105½ 106 -106 108 -108 107¼-lOS c.1.s.L.&C. seer.c.c. Cln.8an.&C. & St. L. Cleve. & Canton-1st.~ 79 - 90 80 - 80 81½- 81½ .... 80 - 81 80 - 80 70 - 70 . .. • - . . .. 79 - 'i9 Trust receipts ......... . 80 - 80 75 - 75 Clev. ctn. Ch. & St. L,86 - 88 Gen'l, 1993, gold .... 4 .... - .... 86 - 86 86 - 87½ .... 92½- 93¼ 9~- 93 91 - 92¾ 90 - 90 8t.L.Div., let.1990.4 92¾- 93 89¾- 90 90½- 93 92¼- 94.¼ 93½- 94.!,,; 93X1- 95 92 - 93 92 - 98 90-90 90-90 Re1dstered ............. ... . Cln. Wab.&M., lst.4 .... - .... 90 - 90 90 - 93 ... - ... 91½- 91½ 93l'4- 93~ 90 - 92 .... 88½- 88½ 94 - 94 C. I. St. L. & C., 111t.4 95 - 98 97 - 99 98 - 98 97½- 97½ 98 - 98 .. . - . .. . 98½- 98½ .. . . 95 - 95 97' - 97 117 - 97 Cin. San, & CI., lst.5 106 -106 - .... 105 -105 Peo. & E,, 1st, cons .. 4 79½- 80 79 - 80 79 - 80 76½- 78 75½- 78 75 - 76 69 - 73 60 - 67¾ 68 - 75 73½- 74½ 75 - 78 72'1(- 76 Incomes, 1990. .4 20 - 23 20 - 20 18!►.{- 20 19 - 22 22½- 22½ .... 10 - 10 17 - ::.7 18 - 18 17 - 19 . ..• _ •.•• Ind. BI. & W.lstpf.. 1 .... - ... . 109 -109 .... Clev. Col. Ctn. & Ind.1st, sinking fund ...... , 106 -107½ .... - .... 107 -108¾ 109¾-109½ 107 -107 108½-108½ •··• - .... 10! -10-i½ 106 -106 107 -107 105½-105½ 105½-106¼ Consol., 1914 .. ....... , 119 -120 122½-127¾ ... . ... 13'1 -13* 13'1½-134½ .... - .... •··· - •·· 132 -132 - .... 129½-131¼ General consol.. ..... 6 .... - ........ - .... .... - ... 125½-126½ 125 -127 125½-J.25½ ••. - .... 124 -124 124 -124 124 -126 c.&s.-c.c.c.&1 .. 1 .... - ........ - ... ..... - .... 105 -105 .... CI. Lor. & Wheel.-tst .... - .... 106½-107 106½-1073<( 104.l':(-107 106½-106¾ 106½-107 107 -107 162 -102½ 103 -105½ . .'. • - .... 103 -10!34 102 _103 CI. & Mab. Val.-'38 .. 5 .... - .. .. 117¾-117% •.•• - ........ - .... 118 -121¼ .... - .... 120½-120~ .... Col.Mid.-See A.T.&~.F Col. & 9th Ave.-lst .. 5 111½-114 lllJ.(-114}4 111 -112 111 -113 113½-113½ 113½-114¼ 113½-115½ 109 -112¾ 110½-112½ 111 -113¾ 115½-116!4 11634-117 C.H. Val. & Tol.-lst.5 83 - 88½ 86 - 90 Si¼- 88½ Si - 85 84,-.i- 87 84'1(- 88 82 - ~7 80 - 84 81 - 8! 82 - 84~ Si - 89}4' 86 _ 88 Gen. gold, 1904 ...... 6 80 - 88 88 - 89 88 - 89 89 - 90 87 - »o 8¼ - 88 j 83 - 85½ 80 - 8534 80 - 83¼ 83 - 89½ 89½- 91 84½- 86% Del. & Bud. Canal._ ....... . Penn. Div., coup ..... ,- .... - .... 14.2 -143~ 143¼-143¼ .... - .... 137~-137'1( 13tf -137½ 136 -138 140 -140 Ul!J;f-143¼ Registered ... .. ...... 7 .... - .... 137 =13·7··· ' ·····..· Alb.&8usq,-l11t,gu.1 .... - ... . 122½-122½ ... . 1st coup., gun.r ...... 6 .... - .... 119 -119 116¾-117 .... 117 -117 .•.. - .... 112¾-112¾ .... Registered ........... 117 -117 .. . . - ... . 115 -115 - .... 110 -110 Rens. & Sar.-lst . ... , .... - .... !44 -144½ 145 -us• .... - .... 145 -145 144 -146 Reglstered ...... ..... 7 ... - .... 141½-141½ .... - .. . 146 -146 Del. Lo.ck. & West•n-7 .... - ... . 129¾-130 125 -125 .•.. _ ... l28 _128 Morris & E sex, lst.'7 141¼-142 140 -lilO 140 -142 143 -143 140 -140 138 -138 136 -138 131 -135 133 -139 139 -HO 137¾-140 139¼-l31l¼ 5 Bond11, 1900 ........ 7 .... - ........ - .... 115 -115 ···· - •·· .... - •··· l0 ½-l05½ ... . - .... 112 -112 1871-1901 .... ....... ,- 114 -114 - .... 113~-114~ 115 -115 - . . . . . .. - .... 110 -110 .... . Consol., guar......... 1 13P½-141½ 141¼-lil¾ 141½-141½ 141 -141¾ 142 -142½ 138½-139¾ · ... - .... 128 -133 134 -139½ 139½-139½ 139 -HO½ 137 _138 Rearlstered............. ... - ........ - .... .... ·. 13~ -139 N.Y. L. & W.-lst .... 6 129 -129 131½-133¾ 131½-132 132 -132 ... - .... 133¾-133¾ ...• - ... 120 -128 128 -129¾ 130 -130 .... - .... 133 -13* Con11 tructlon .... ... . 5 . . . . - .. . .. . . - .... 112\d-112¼ 113¼-113½ lU -114 115 -115 . . . . - .... 118½-113½ . • . • - .... 114 -114 Warren, ~d, 1900 ... ,- .... - . ... .... - .. .. 112 -112 .... - .... .. .. Denv. & Rio Gr.-lst .. 1110¼-112 112 -113 113 -113 114 -114 110¼-110½ llOll:(-111½ 111¼-111¼ ...• - .... 112 -112½ .... 111 -112 llO -lll~ Newconsol, 1936 ... 4 83 - 90 Q9 - 90¾ 88 - 90¾ 88 - 91¾ 91 - 92 90¾- 92 85½- 90½ 83 - 87 86 - 87¼ 85½- 87 85 - 91¼ 90 _ 90:lt Improvement, 1938.5 .... - .... ~6 - 89~ 88~- 9S¾ 86¾- 90 86 - 86½ .... - . .. . 81 - 81 - .... ~5 _ 85 Det. & Mack.-Mort .. 4 .. . . - . . .. 65 - 67 Det . .M. & M.-L. gr .. 3½ 19 - 20 19¾- 20 18 - 19 19 - 19½ .... 17¼- 18¼ 15 - 17¼ 13 - 15¾ 18 - 19 17 - 18.\i 18 - 20½ 18 _ 18 Duluth & I. R.-lst . .. ~ 101 -101 101 -102~ 105 -105 102 -104½ 104½-104¾ 102 -103 100 -102¾ .... - .... 100:J:(-100¾ 100 -100 100 -103¼ lOO _100 Dul.S.S.&Atl.-1937.~ 95 - 95 95 - 98 97 - 97½ 95 - 97½ 97 - 97 96 - 98¾ 92½- 96 92¼- 94 •••. - ... 96 - 98 100 -l'lO 100 -102}-a E.T. Va. & Ga.-Ste So. Erielst, Ext., 189'7 ....... . 1 103 -104¾ . • • • - . • . 105 -105 . . . . - .... 103 -103 108¼-lOi 104¾-lO<i¼ 104 -104 103 -lOi;fi 103}4'-104½ 102¾-102¼ L02¼-102¼ 2d, Ext., 1919 ..... .... ~ 114¼-lli¾ . •.• - .... 112¼-113 l1u -114 115 -116 - ........ - .... 114 -114½ .... 3d, Eit., 1923 ....... 4~ 105 -105 ... - .... 10-il4-104¼ .••• - .. .. 105½-106½ 105¼-106¾ ..•• - ... 106 -109 106¼-101 J108 -108½ 109 -110¼ 4th, Ext., 1920 ...... . ~ . .. . - ...... , . - .... · .. • - .. · · · • · - .. .. lli -lU 112 -112½ . . . . - ... . l14½-114¼ ~th, Ext., 19~8 . . ..... 4 101¾-101¾ ... . - .... 104!,(-104¼ . . .. 1st, con 11ol., gold ...... 1 135 -138½ 138¼-HO 135 -1S6 136 -138 138 -139½ 140 -HO . . . • - .... 131 -181 .... = :::: 138 =139 .. Long llockcons.'3~.6 .... - ... ... .. - .... 131½-131½ 131¼-131½ .... - ... . 131 -131½ 132 -182½ 132½ 138¾ Bufl.N. Y.&E.-lst.7 .... - ... ..... - ........ - .... 134 -135 136 -136 133 -133 182¼-132½ . ..• 132 -135 N.Y.L.E.&W.'ldcons, 6,cert11. ofdep.,stp'd 66:1:!- 73 74 - 75 •70 - 75 70 - 70 Fd. cp.,'69, l) c. of dep. 69¼- 72¼ 70¼- 73 71 - 71 Dock.&Imp.,1st'l3.6 .... - .... . ... - .... ·· •· - .... 105½-106 .... - .. .. 105 -106 102 -102 .... .Jeff"erson RR.,lst,g.5 .... - ... ... : - .... 105¼-105¾ 102 -102 105 -105 .... - ... 102¾-103½ 102½-102¼ ... - . ... 103 -103 10'1 -104 Chic. & E., l11t, g .. 4-~ 105¾·10~ 109 -112 ll0½-111~ 108½-111¼ 108 -109~ 108 -109¼ 102 -108¼ 101¼-104 104!,4-108¼ 107 -110 107¾-111¼ 110 -111¼ Income, 1982 . ......... 23½- 28 27½- 27½ 24 - 24 - .. ,. •••• _ .Erie-1st cons. pr.,g .. 4 . ... - .... 93 - 95½ 94 - 94 93¾· 94.½ 93¼- 95¼ 91 - 93 88 - 91 83 - 85 85¾- 89 87 89 89½- 93 92 _ 96¾ lstcon.aren.l.,'86 .3-4 .... M - 66:ki 64¾- 67 M½- 67 63½- 66¾ 58 - M¼ 5-1½- 58¼ 56¾- 60 58¼- 62 [ 60¾- 66 63x.- 65¼ Erle & P.-Con, 'H8 .. 7 .... - .... 101 -101 Eureka Springs-lst .. 6 ... - ... . ... - .... •··· - ........ - . ... 98 - 98 .... - ... : Ev.&T.H.-Gen.,lst.~ .. . . - · · ···• - .... 95 - 95 .... - ... ....• Conllol .... ............... . 6 107½-108½ .... - .... 107¾-108½ 108½-109 10834-109½ .... - . .. 106¼-106¼ 102½-102¾ 106 -107 108¼-108¼ Fl. Cent. & Pen.-lst .. 5 .... - .... .... - .... 103 -103 .... Flint & P.Mar.-lllort.ti .... - .... 110 -110 .... - ........ - ... 114 -114 lU -114 .••• - ........ - .... 113 -113 109 -109 110 -113 113 -115 1st cons., g., 1939 ... 5 92½- 92½ 93 - 93 91 - 93 91 - 93 .... - .... 80 - 80 82½- 84 Pt. Hur. Div., t 11 t .. .. ~ .... 91¾- 92 92½- 93 ...• - . ... 87 - 87 - .... 80 - 80 .... 80 - 81¼ .... - .. .. 75 - 75 Ft.W.&Denv.C.-ht .6 M - 67¾ Trust receipts ...... . ... M - 67½ 66 - 70½ 66 - 68½ e6 - 68¼ 56 - 65 5!½- 58 48¼- 51 4.6¾- 49 48½- 52 49 - 52¾ 51 - 65¾ 64 _ M Ft. w. & D. c.-111,.4-6 ... - ........ - ... . •·· 50½- 55 Ft. W. & Rio G.-lst .. 5 57 - 57 56¼- 60 54 - 57¼ 54 - 56½ 53½- 53½ .... - .... 50 - 50 52 - 52 50 - 50 48 - 48 .... Galv. H. & H. of'82.. 5 ... - .... 80¼- 81 81 - Si¾ 83¼,- 83)4 82 - 82 Galv. Har. & San An.lat, 1910 ... ....... ...... 6 .... - .... 105 -105 !id, 190~ ........ .. .... , ... - .... 100 -101 10:t -103 100 -101~ 101½-102½ 99 -100 96 - 99¾ 96 - 96 . . . . - .... 100 -100 95 - 95 M. & P . Div,, l11t .... 5 91~- 93 91¾- 92¾ 92 - 92¾ 91½- 93 9034- 91¼ 90J4- 91 90 - 90¾ 90 - 90½ 90 - 91 90½- 91½ 89½- 91½ 89½- 91¼ Ga. Car. & N .-l 11t,gu.~ ... • - ........ - .... 77¼-77½ .•.• - •... Ga. Pacific-See !South'n Gr. Bay Win. & St. P.1¼- 1¼ .... 2d, income ... ................ H & St •.J.-SuC.B.&Q. 12:i -128 123 -123 120 -120 - .... 122½-122½ - .... 120 -123!,4 124 -124 Hon11at'c-Con.,1937 .. .l 123 -123 Hous. & Tex. Cent.ls~ gold, 193,- ....... 5 107 -108 109½-109½ 108 -108 108 -109 108½·109 109½-109½ 102 -106¾ .... - .... 100 -106¼ 108½-108½ 108 -110 108 -109 Consol., gold, 1912 .. ti 104 -104 103 -103 - .... 102½-102½ 100 -102 100 -104 101 -101 - .... 102 -102 99 - 99 •••• _ .... 100¾-100¾ General, gold, 1921.4 69 - 69½ 69 - 70 69 - 70¼ 68 - 71 69J4- 70¾ 69 - 70 69¼- 69¾ 67¾- 67¾ 67 - 69¼ 67 - 68 66 _ 67½ 66 _ 6 6~ Debenture, 1897 ..... 4 .... 85 - 90 Illinois Centrn.1Gold, 19~1 ........... 3½ 99¾- 99¼ 100¼-100½ 101 -101 104 -10! - .... 104 -104 lat gold, 19/51 ........ 4 - .... 105 -105 107 -107 110¼-110¼ 109 -109 114 -114 - .... 110 -110 .••. - . . .. 98 - 98 100 -100 Gold, 19~2 ............. 4 104 -104 101 -102½ .... 103 -103 Registered ........ . - ... ....:..._ . 100 -100 l isa =ls5iAs7½-138 1 : ·:::I:::: .... r ________________________________ _________________ ___ https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis RAILROAD BO JD . I S96-C'1ntinued. JANUARY FEBR'RY, BOND!'\, MARCH . APRIL. M.A·y, JUNE. JULY. AUGUST. ::lEPT'BER. OCTOBER NOV'BER. DEC' BER, Low.Hillh Low.High Low.Hillh Low.Hlllh Low.High Low.High Low.High Low . Hillh Low.High Low.High Low.Hillh Low.High ------------· - - - - - - - - - - - - - - - - - - - - - - - ---- --- --- ---- - - - - .linois Cent:ra.1-(Con)00¾- 9~¾ 100 -101 99x{-100 Gold, 19~3 .. . ..... ... . 4 99 -100 100}:(-102 101 -102 100 -101½ 00:J(-100½ 100 -100 99¾-100 .... - .... 100 -100 - . ... ... . - .. . . 100¼-108 .... Springf. Div,, 1958 .6 .... - .. . . 104 -104 . .. -99 .... ....... . 2-10, 1904 ..... ·••· . .. 4 · .. · - .. .. 99 - . . . . 92½- Q2½ . . . • Sterling, 1st, 19.}1 . . 3 ... - .... 10-2 -102¼ Western Lines, lst ..4 103 -103¼ 102 -102 1 -102 102 -103 103 -103¼ 102½-103½ 100 -103¾ 97 -JOO 102¼-102¾ .... c. St. L. & N .0.,g,cp.5 115 -118 118¼-118¼ 119½-119½ .... - . ... 120 -121¼ 118¼-121¾ 117 -118 112 -112 113 -116 117¼·117¼ 118½-118½ 118¾-119:la .... 102½-102½. .. Tenn. Lien ........ . 7 .... - . ... 98 - 98½ .... Memp. Div,, 1st, ,r.4 . . .. - .... 101¾-101¾ . . . . 1st, consol, 1897 .7 . ... - .... 100 -100½ 100 -100 Belle. & S. 111.,gu.<J ½ .... 84 - 84 [nd. Ill. & Iowa-lst .. 4 83 - 85 ... . 28½- 28½ 28½- 28½ Ind,D.& Spr.-Tr, rec.• 24 - 24 28 - 28 25¼- 25¼ 28 - 28 - ... . 100 -101 101 -101 In. D.& W.-ht,g.,35.5 .. .. 98½- 98½ 101 -101¾ 100 -100 00½-101½ 97½- 97½ 95 - 95 Jot. & Gt.No.-lst,' 19 6 115 -116 116¾-118 117 -117¾ 117½-118½ 115½-116 115¾-115¾ 114 -114½ 114 -114 U5 -115 116 -117 115 -116¾ 115½-117 2d, 1909 ....... .. .. 4½•5 70 - 72 67 - 67 66 - 72 70 - 71 75 - 77½ 71 - 72¼ 71½- 73 73¼- 73½ 'iO - 73½ 67 - 67 66¾- 67 20 - 20 23 - 27 22 - 24½ 3d, 19~1 ....... ....... 4 25 - 25 25 - 25 24½- 24½ 25 - 25 16½- 16½ 14 - 14 89 Jowa. Cent.-lst, iiold .. 5 90½- 92 94¼ 92½95 94½-100 96 - 97¼ 92 - 9-l¼ 93½- 95 95 - 97¼ 97 • 98 9,½- 96 !39 - 95 87 - 89 Kao.& M .-See T.&O,C, Keo. Cent.-See L. & N. Kin.is Co. El.-lst, A .5 70 - 71 70 - 70¾ 62 - 65 60 - 65 63 - 63 60 - 60 57½ 58 60 - 60 37½- 37½ 41 - 41 45 - 50 45 - 49 Fulton J!.:l., 1st, iiuar.5 62 - 62 54 - 60 Lake Erle & W.-lst .. 5 113 -114 114 -115½ 115 -116 115 -117 116½-117 117 -117~ 114 -115¼ 110 -113 110 -114 113 -114.¾ 114 -116¾ 117 -117~ 2d .. ......... ..... . ...... . 5 101 -101½ 101 -103 103 -104 1102¼-103¼ 102½-103 100 -102½ .. .. 98 - 98 99 - 99 101¾-102 102 -102~ North Ohio, ht ... .. . 5 102 -105 102¾-105 104 -106¼ 102½-102¾ 102½-102½ 102 -102 .... - .... 100 -100 101½-101½ 102 -102 10$¼-103¼ L. Shore & Mich. !"lo.1 Dividend .. ., .. ... . ..... . 7 . . . . · .... 111 -111 . . - .. .. '!107¾-107¾ 107¾-108 .. . • - . . . . . . . . - .... 104¾-104% . . . . - ... . Buff. &Erle-New . . .. 7 ,105¾-106 106¼-107 108 -108 105¼-105¼ 105½-105½ ... . - .... 106 -106 .... - ... ..... - .... 103 -103½ . .. Det. Mon. & Toi. . . ... 7 .125½ 125½ . ... - .. . 118½-118¾ .... - . . .. ..•• - . ... 123 -123 123 -123 .... - ........ - ... . 123 -123 124 -12-l 1st con., coup .. ..... . . . 7 1112 -115 /12½-113½ 113½-11311! 113¾-113¾ lU -114 .... - .... 110½-110½ 108 -109 109½-110 110½-110½ 113 -114 113½-!14¾ letcon.,reg .. .. .... . .. . 7110¼-112 ·113 -113)4111%-111¾111¾-112 111¾-111¾110½-112 •.•• - .... 108 -108¾ .... - .... 108¾-109 .. - . ... tll -1113,c 2d con., coup .......... 7 118 -119¾ 119 -119¾ 119½-120¾ 119½-120 tiO -120 116½-116¾ 118 -118 •••• - .... 113½-113½ 117 -117 118¾-121'A 117½-118½ ~d con., reg .. . ... ...... 7 118 -119¾ 119 -119 119 -119>11119¼-120 - .... 114 -114 .... - . . .. 117 -117 Clo. & Spring., ll!lt .. 7 111¾·112 .... 106 -106 •... - .... 109 -109 Ma.hon.Coal lst,'34,5 .... - .... 114 -114 .... - ........ - . . .. ... . - ... . 116 -118¾ .... Leb.V.,N.Y.-lstgu.,r,4¾ 99½-102¾ J02½-104 103\14-104 101 -103 101 -102½ 101 -10:! 98 -100 .... - .... 97 - 99¼ .... - ... . 102 -102¼ Leh. V.Ter.lst,1941. .5 113 -113 - .. .. 112 -112¾ 109¾ 110 108½-109½ 108 -110 - .... 108 -108 108 -108¾ 110¼-110~ 110¾-110~ Registered . . . . . .. . . . . . . . . . . . . - .. .. 101 -101 - .... lu7 -108 Lex. Av. & Pav. Fer .. ~ 111 -113¼ 112 -114 111~-111¾ 111 -113 112½-1137,i 115½-115 114 -115¼ 109 -114¾ 109 -112¾ 111 -113½ 115¼-116½ 115:1(-117 Little Rock & Mem.- . . .. 25 - 25 32 - 32 • st, 1937, tr. rec ..... 5 .. .. Lonii Island- ... . 105 -105 105¾-105¾ 104 -105¾ .... - . . . 104 -104 105 -105~ .... let, 1898.. ..... . ... ... . , 105:la-105¾ .... 104 -104 - .... 119%-120 119½-120 let. coneol, 1931 ... ... ;} U7¾-119 120 -120 - .... 120 -120 118¼-120 90 - 91¾ 90 - 90 Ferry, )l!lt, 1922 ...4~ .... - .... 94:J(- 95 90 - PO 91 - 91 90 - 90½ 89 - 91 89 - 89 - . . . . 89 - 89 93 - 96¾ 95 - 9f 95 - 96½ 93¾- P4 Gen. mort., 193S.... 4 97 - 98 91 - 92½ 90 - 90 90 - 90 89 - 90 94:la- 95 90 - 92 75 - 90 N, Y. & R. B., 1st, ll 5 . . . . - .... 102¾-102½ ...• - .... 98 - 98 2d, income ............. .... - . .. . 40 - 40 .... - •... 102 -102¼ N. Y. B.& M. B., let.:J 105 -105 .... N. Y. & M. B,, lst ... 7 100 -100 .... - . .. 102½-102½ · ·•. B'klyu & Mon •• l8t.;} .... - .... 107 -107,,a . . . . Loull!lv. Ev, & St. L.- .... 35 - 35 25¾- 25~ . . . . - . . . . 10 - 10½ . . . . Coos. 5 ■ , Trust rec .... 34 - 39 . ... 34 -34¾ 32 -32 ... . 25 - 25 Gen'l gold, 1943 ..... . 4 .... 9½- 9M Loulevl , I e & Na.sh v .Consolldate d. . ...... 1 105:1(-107¼ 106¾-J07¾ 106!1(-108¾ 104¾-105¼ 105 -105½ 105¼-105½ 105¾-105½ .... - .... 1041'-105½ 101¾-102¾ 103 -104¾ 104½-105 Ceclllan Branch ...... 7 .... - . ... 105 -105 .... - .....•.. - .... 103 -103 .... - .... 102 -102 N. O. & lllob-lBt ..... 6 118 -113 118¼-119 119 -119 119 -119 - .... 119 -119 116¾-116½ 113½-114 .... - .. 110¾-113 116 -117¼ 117 -118 2d ....... . .. ......... ... . 6 97 - 97 98 -100 - .... 100½-100¾ 102¼-102¼ 100¾-100~ 100 -100 96 - 96 99¼·100 99½- 99½ · · ·. - • . • . ... E. H. & Naab., lst ... fi .... - .... 113¾-113¼ .... - . .. . 117 -117 - .... 113 -113 110 -110 .•.. - .... 112½-112½ General mortgaa-e ... ti 114 -114 114 -114 115 -115 1115 -117¾ ... . - .... 115 -116 112½-114½ 110 -113¾ 110 -112 111 -113 113½-116 114½-117 Pensacola Div ..... .. . ti .... - ... .. . .. - .. . . 107¾-107¾ 100 -100 .... - ........ - .... . ... - .......• - ... . 106 -106 St.L,Dlv., 18t, 1921.6 .... ... - .... 120 -120 .....•.. - ........ ... - .. . 118 -118 Na.eh. & Decatur.... .. 1 .. .. . . - ... . 110 -110 ,110 -110¾ ..•. - •... 113¼-113~ 109¾-109½1110 -110 - .... 111¼-111¼ Peneac. & Atl.-lst .. 6 100¾-101 98½-101 101 -101 100 -100 98¾-100 9 ¼-100 ... . - . .. . . ..• 94¾- 95 50-yea.r, gold, 1931.:J .... - . . . . 99 -100 0$¾-100½ 1... . - . . . 98 - 99¾ .... - .. ...... - .. . 5 - 85 86 - 92½ 92 - 92 .... 95 - 97 Unified, gold, 1940 .. 4 71½- 77½ 77 - 80¾ 77½- 80 77¾- 80 79 - 80¼ 77 - 79½ 70 - 77 68¾- 71 71 - 73¾ 72 - 75 74 - 80¼ 78:¼- 80 Col. trUl!lt, g., 1931 .. . ;J .... - .... 100 -100 ... - . . 101½·102 101 -101 .... L.&N.&M.&M.1st4½ ... - .. . ..... - ...... . - ... . .... - ... . 104 -10! Nash.Fl.&S.,lst,gu.~ ... . 85 - 85 80½- 80½ 85 - 85 So.&No,Ala.con.gu.:J ... 96¾- 97½ .. 96 - 96 - .... 87½- 87½ 92½- 92¼ .. . . 92 - 92 92 - 93¾ Ken. Cent., 19S7 ..... 4 83 - 90 88½- 90 88~- 89 90 - 90 90 - 90 88 - 88 84 - 87 ..•. - . . . . 90 - 90 84 - 84 89 - 89 Su¾- 87 Loufsv. N .Alb.& Cbic.106¼-108 100 -109½ 1 Bt . ... . .. ····· .. ... .. . ... . 6 111%-112¼ 113 -113½ 113 -113 113 -113~ 113½-113½ 114 -114 110¾-112 ... - ... . 102¾-102¾ ...• C on., gold, 1916...... 6 99¼-100¼ 100¼-103 101 -102½ 99 - 99¾ 99½-100¾ 99½-100~ 89 - 99¾ 74 - 91 75 - 80 72½- 82}:! 83 - 93 86 - 89 Genera.I, g., 1940 .... ~ 66½- 71¾ 71 - 74¾ 72 - 73~ 72¾- 74¾ 70 - 72¼ 69 - 72¼ 60 - 65 40 - 61 40 - 45~ 38 - 40 39 - 44 40 - 40 Loulsv. St. L. & Tex.let, gold, 1917 ....... 6 50¼- 57 ... • . ....... - .... .. Manhat.-Con .• l 990.4 97¾- 98½ 97 - 98¾ 96 - 99¾ 9!¾- 97 96¾- 97½ 97 - 98¾ ...• - ... . 88 - 90½ 89 - 90 90 - 93 93 - 95¼ 94¾- 95~ Memp. & Cbarleetonlst cons. Tenn lien .. 1 .... - ... . . ... - . ... 102¼-102¼ .... - ........ Metropol.Elevat.-let.6 116¾-118 117½-118 118 -118¾ 1118¼-119 118¾-119¾ 119½-120¾ 114 -117¾ 111½-114 116 -118 116¾-117¼ 117½-119 118½-119¾ ~d, l S99.. 6 106 -106¼ 107 -107¾ 107¼-107¾ 107¾-108 105 -105¾ 105!,{i-107¼ 103 -106½ 101 -103¾ 103 -103¾ 104 -105 103 -104¼ 10~-105 Mex. Int, -1st. 1942 .. 4 74 - 75¼ 75 - 76¼ 74 - 75 74½- 75¾ 75 - 76 74¾- 79¾ 75 - 76 74¾- 76 71¼- 73¼ 70¾- 72 71¾- 73 71 - 72¾ Mexican Nn.tional·ld, Income, "A" ... ti 31½- 35½ 37½- 38¼ .... 37½- 37½ .. .. 30 - 30 41 - 41 42¾- 42¾ ...• Coupon stamped ..... .... 40¾- 40½ .... ~d,income,'·B" ...... 6 6~- 7 6:la- 7¾ .. 6¾- Ii¾ 6 - 6 5½- 5½ ... 7 - 7¼ 8 - 8 8 - 8 ····1 . - .. ···1~11 M;::.•:::s~le~t~~~~ .... 1117 -119 ~17½-118¾ ~~·8¼-119 .. 115 -117¼ .... .... -112 1st, consol . ........ . ;J .... 108¼-108¼ 106¾-106½1. . .. - .. .. 105 -105 .... 103 -103 ..• - .... 1909 .......... ......... ti .... - . . . . .... - . . . . . .. - .. . 11s -11s - .. Coupon, 1931 .... ...... 5 ... . - .... il3½-113½ 115¾·115'-' .::: :.:.:.:. 1~.i···i·½=lll . . ¾.· :.·•. :•._ Registered .. ....... ...... . - .... 115 -115 Mortga11e, 1940 . .. .. . 4 . ... - .... 101 -101 1·... ... . 107,<a-108 105 -105 .... Reiiistered ........ . ... . 102 -102 . . . . - . . . . . .. . - . . . . 1•.•• M.L.~.&W .-SeeC.&N.i M.&N .-SeeC.M.&S.P. llnneap. & St. Louls11!1t. .. .. .. . .......... , . . . - ... . 139 -HO . ... - .... H2),ji-142>s! .. .. 140~-HOx ... 1 t, con., 1934, g .... ;J 96½- 99 99 -101~ 1~-101½ 101 •103}4 100 72 -101 100 -101 97 -100 1 96 - 97 Iowa Extension ... .. . , . . . . - . . . 124 -125 I - .... 129 -129 - . . . . . .. - . . . . . . . . Pacific Ext .. 1st . ... . 6 .. . - .. . - .. 118½·118½ .... 121)4-121¾ 122 -122 119½-119½ 115 -115 Sontbw. Fxt, 1910.,. t22¼-124Ji 125½·126½ .... 128 -128 129 -129 ... - ...... .. - .•... ... ~ Ex-bonds. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis I .- iis¾(-liS¼ .... - .... 112 -116¾ .... - .. .. 112½-114¾ 114½-115 103½-107 108 -108 .... - .. . . 106 -108 I 97½- 99¼ 98~- 91) 98 - .... 121 -121 . .. . .. .. - .... 120 ~::tt=:t~ - .... !. ... - .... RAILROAD 00 BOND . 1896-Contlnued. BONDS. JANUARY FEBR'RY. MARCH, APRIL. MAY. JUNE. I JULY. AUGUST. 8EPT'BER OCTOBER. NOV'BICR. DECB&:R . Low.High Low.High Low.IDgh Low.High Low.HIJ;Ch Low.High Low.High Low.High Low.High Low.High Low.High Low.High -----------1----- - - - - - - - - - - - - - - - - - - - - - - - - - - - -- - - - - - - - - - - Mo. Kansas & Texasl•t, gold, 1990 ........ 4 80 - Si¾ Si - 37 8! - 86'¼ Bi¼- 86~ 85¼- 86½ 81¼ - I¾ 78¾- 81¾ 79¼- 81½ 81}(- 85¾ 80¾- 83!,( 75¾- 81 77 - 83 2d, Income, 1990 .... .4 53½- 60'¼ 58 - 63½ 5!½- 61~ 58 - 61 51 - 57 49 - 55¾ 50½- 60¼ 56 - 61¾ 55¼- 60¼ 56 - 60 44 - 51 »8¼- 60 M. K.& T. ofT., 1st.Ii 72¾- 80 72¾- 72¾ 70 - 75½ 75 - 79 69¼- 71½ 67 - 73 79¼- 79½ 78¼- 79½ 75 - 78½ 73¾- 78 78 - 80 80 - 81 K. C. & P.,lst, 1990.4 71 - 72½ 68¾- 72 70 - 7t 69¾- 74 68¾- 68¼ 70 - 71 . ... '40.:i Dall. & W., 1st, 70 - 70 80 - 80 78¼- 78¾ 77¼- 77¾ 77 - 77 Mo. Kansas & East' nes - 91 85¼- 88½ 90 - 92 90 - 92¼ 1:11 - 88 87M- 91 91'¼- 93 91 - 92¼ 90¾- 92 92 - 94 9:.:l - 94 lst, 1942 ..... .......... ~ 86 - 90 Ml•l!lourl Pacific90 - 94% 92 - 95 94¼- 96 97 l•t consol. ... ... ....... .. 6 95 83 - 89½ 85 - 85 79¼- 80½ 83 - 86 78 - 82 78 - Si 89 - 91¾ 86 - 89 3d, 1906 ............... 7 108 -112 109¾-110 108 -109¾ 108 -109 106 -106 . . . . 9J - 99 101 -101 100 -103 103 -103 107 - 107 65 :.. 66 Trust. a-old, 1911·.... ~ 70 - 70 70 - 70 - . . . . 60 - 60 - . . . . 65 - 65 1st, collat., &",, 1920.:; .... - .... 40 - 45 - ... 100 -100 98 - 98 99!,i;-100 .Pac. of Mo.-lst, ext .. 4 102 -102¼ 101. -101 .. .. - .... 101¾-101¾ 102 -102½ 103 -104¼ 102 -103~!! 100 -100 - .... 106 -106 Hl5 -105 - .... 102 -102 102,i-104.½ 2d, 193S, ext ...... . ~ .... 98 - 99½ 99 - 99¼ 100 -100¾ 1'll¾-101¾ St,L.&I.M,.lst,ext.~ 102 -102¼ 100 -100¾ 100,i-100'¼ lOQ¼-101 .... - ... . 101:J:(-102 101¼-101¾ 95 - 99 2d, 1S97 .............. 7 100 -lOi¾ 101 -102¾ 102½-103 102¾-103½ 100 -100½ 100¼-100½ 100 -100¾ 97½-100¼ 100 -100¾ 100 -101},z 97¾-100¾ lOQ¾-101'-( - . . . LOO -100 100 -100 Arkansas Br•• ext .. :; 100 -102 100 -102 . .. . - . ... ... - . . . . 107 -107 99½- 99:),! Cairo Ark. & Tex.. 7 101 -101 100½ -100½ . . . . - .... 101 -101 101 -102¾ . . . . - . . . . 99¼- 99¾ . . . . - .... LOO -100 100 -100 ?'3¼- 77½ 74 - 76 79¼- 80½ 78½- 81½ 77 - 80¼ 79 - 79'¼ 74 - 79¾ 6tl - 77¾ 68 - 70½ 69 - 75 72¾- 75 Gen.consol.&1.a- .. !l 79 - 80 80 - 80 ... - .... 80½- 80¾ 79 - 79 Stamped, guar .... :i .... Mobile & OhloNew....................... 6 117 -117 118 -119 118¼-119 118¼-119 119¾-120½ 118 -118½ 117½-117½ l13 -113¼ ll3¾-115 113%-115¾ l17 -118 117 -117 - ...... . . - . .. . ..• - .. ... •.. - ... . 113 -113 112 -112 l•t, ext., 1927' . ... ... ti 113 -113 67 - 69 63¾- 69 62>,i- 65 59 - 66 56 - 6t 66 - 68½ 66¾- 66¾ 66¾- 66¼ 65¾- 66¾ 65¾- 66¾ 58 - 66 Gen. mort., 1938.... .4 62¾- 66 - .... 85 - 85 St. L. & Cairo, •at .. 4 .... Mora-an's La. & Texlst ... .... ................ . 6 .... - .... 114¾-114½ - . ... 116 -116 - ... . 118 -118¼ 111 -111 l11t, 1918 .... ........... .,, ]2R -126 ..•• - .. . !Cashv. Chat. & St. L.125 -127½ 124¾-125 127 -130 128 -130 lst ...... .. ..... . ......... 7 127!,i;-127¾ 127 -127 127 -128 128 -129¾1129¾-130½ 130¾ ·132 127½-128½ .... 98 -100 98 -100 96 - 96 95 - 95 Consol. g., 1928 ..... . :; 100 -101½ 100¾-102 100¾-102 93 - 99½ 93 - 93 99 -100¾ 99¾-100¼ 100 -101 - .... 108 -108 . ....... .. M.M.M. w.& Al.lst.6 .... ...... ... ' . - ..... ... - ... Kew York Central- ... . 119 -120¾ 119 -119¾ 119½-120 120¼-120¼ 114:J:t-117 112 -115¾ 115¼-116 116 -117 118 -120 119 -121 N. Y.C. & H., 1st, cp .. 7 118 -120 Registered ........... 7 119 -119 119 -119 119 -119¾ 119 -119 .... - ........ - ... 114 -114½ .•.• - .... 113¼-116½ 116 -116 116 -119 116¾-119'¼ Deb., 1884-1904 .. . :; lQ0¾-107¼ 107¾-109 105¾-106½ 106¼-106¾ 107 -107¾ 107~-107¾ 10-!¾-105 1•>2¾-105 103¼-103¼ 102¼-103¾ 1031}.(-106 105 -108 105 -105¾ Rea-lstered .. ...... . :i 105¾-105¾ 107¼-107¼ 106 -106¼ 106 -106¾ 1061}.(-107 106¾-107¼ 107 -107 lOi -10! 102 -102¼ ••.. - ....•••. - ........ - .... 102¾-102¾ 102 -101 . . . . .... Deb., '89·'04, re11 .. :; .... - ........ - . ... .. . . - . .. 99½- 99½ ...• - ........ - .... 102 -102 Deb., a-., '90-190:;.4- .... - ........ - ....... - .... 102¾ -102¾ 103¼-103½ ...• - '........ - ... . 101 -10H4 100 -100 ... . - .... 103 -103 101¾-101¾ Re !ll!ltered ...... · · .. . .... - . . . . .. . - . ... .... - .... .... Debt certs., ext., IJ.4 100¾-101¾ 101¾-103 102,i-102¼ 103 -103¾ 101½-101¾ 101½-101¾ . ... - .... 102 -H12 103¾·104¾ 102½-105½ 101 -101 100¾-102 Rea-lstered .. ......... 101¾·101¾ 102¼-102¾ 101¼-101),( 102 -102 100 -100¾ .... - .... . ... 110 -111 1101},(-1109( - .. . 112¾-112¾ 112¾-112¼ 110 -111¼ .... - .... 110 112 Harlem-1st,coup .... 7 114 -114 114 -115 .... 109¾ ·110 lll¾-111¼ - . . .. lll¾-111¼ 111¾-111¾ .... - ........ RelJistered ........... '7 .... 100 -100 - .... .... • • J. June., 1st, a-u .. 4 .... - ... 100 -100 .... West Shore, a-uar. -.. 4 104 -105¾ 105 -106½ 105¼-106 105¼-106½ 105¾-106¾ 106 -107¾ 101¼-105 100 -102¾ 102 -104¼ 103 -104¾ 104 -106),,( 106¾-107J.C 104 -105¾ 103¾-106 102¾-lOl -10! 102 -101¾ 100 -104½ 100 -106 104 Reiilstered ............ 4- 104 -105 105¾-106¾ 105¼-105'¼ 105½-106 105:J.(-106 l03 -103 103¾-103¾ 105¾-105¼ Beech Creek, 1st, a .. 4 104 -104 104 -104.¾ 105 -106 106¾-106¾ 107 -107 105½-105½ .... Jlome Water. & Og. Con. 1st, ext ......... :; 116¼-118¾ 117¾-119,4 118 -119 116 -117¼ 116¼-117 116¾-118 115 -117 .. .. - .. . . 117¾-118 115 -116¼ 116¾-117½ 116~-118 - ........ - . . . . . .. - . . • •• . • ... ..... - .. , . .. . - .... 103 -103 N.Y.&Putnam, 11t.4 .... N. Y.Chlc.&St.L.-1st 4 102 -104 103;.£-105 104~-105 102¾-103¾ 103 -103¾ 103!,i-104¼ 102¾-103¾ 99¾-103½ 100¾ 103¾ 101¼-103½ 102¾-104 103¾-101¼ Reiill!ltered.. . . . . . . 4- 102 -102 . . . . - .•.. 102 -102¾ . . . • - . ... 100½-102¾ . . • • • Y. & New England- .. .. 120 -122¼ 122¾ -122¾ .... - .... 116 -116 l•t, 190~ ........ ....... 7 ... 1st, 190~ . . .. .......... . 6 .... - .... 113¾ 113½ 112¼-112~ti ... - .... 116 -116 113 -113¼ 111 -111 110 -111¾ 112!4-112¼ .••• . Y. N. H. & Hartt'dCon.db. ct., all ins.pd. 135 -136 137 -137 137 -137 132 -135 131 -134 132 -132¼ 131¾-132½ 127¼-129 127 -129¾ 128¼-132¼ 135 -135½ l:!5 -136¼ - .... 113 -113 118 -119 - . ... 119¼-119½ J.19 -119 N. Y. & No.-1st, iiold.;} .... N. Y.Ont. & W-lst, g.~ 107 -109 108 -110 108¾-110 108¼-109¼ 109¼-110 107 -107" t02 -107 t03 -106 105¾-106!4 107 -108 110,i-110¾ 107 -108¼ 85 - 90)4 88¾- 89¾ Si - 85 82 - Si¾ 82 - 85 82 - 88 87¼ · 88¼ 87¾- 88 d8¾- 90 89¾- 93¾ 89¾- 91 Ref., ll!lt, 1992 ........ 4 88:¼- 90 1'. Y. Susq. & West'n96 - 96 100 -102¼ 100¾-103}( 96 - 97 j 96 - 98 94- - 96 98 - 99½ 90 - 91¾ 92¾- 9! 99 - 99¼ 96¼- 98 Retundlna-.............. :; 99 -100 65 - 65 f 67 - 70 64!4- 68 63 - 63 6! - 6! 2d mort., 1937 .... 4½ . .. . - .. . . 67¾- 69 67 - 74¾ 71 - 73}( 60 - 68¾ 60 - 637-( 63¾- 69 69 - 74¾ HS - 71½1 70 - 70~ 69½- 70 70¼- 76 Gen., a-old, 1940 ...... :; 75¼- 79 Term., 1st, 1943, a- .. /i 103 103¼ 105¾-106:J.( . ... - .... J.04 -104¾ 1103 -103 10.; -105 103}9-105 .•.. - ..•.•••• - .... 105!,(-105!,( 102 -103 .• .• 89 - 89~ 90 - 90 84-¼ 84¼80 80 . • • • 85 - 85 Wllk..&E., 1st, 1.94~.;J . ... - . . ...... - .... 85 - 89,ii &i - 87Xi 88 - 89 - ..•. 109'¼-114¼ 111 -111 114 -116¼ 116¾-118 Mldl'dotN.J., lst ... ti 115 -115¾ .. . . - ... . 116 -118 114 -lt5 l.13¾-115 116 -116 - .... 103 -103 Nerf. & So.-!.st, '41 .. ~ 107¼-107¾ .. . . - ... . 105 -105 . . . . - .... 103 -103 t05 -105 106 -106 . . . • Jfol'folk & Western- ••. 119 -119 -115 11,5 - .... General. ..... ... ........ 6 .... - ... 117¾-117¼ .... - .. . . 123 -123 12:l¾-123¾ ..•. - •••. 106¼-106¾ .... - ... . 114½-114¾ 1a ~114 !)iew River, 1st ....... ti . . . . - .... 105 -105 A._djustment, 1924 ... 7 ... - •... 78-78 Adj, :is T.rust rec .... . .. 82 - 82 ...• 78 - 78 E111ulpm.ent, 1908 . ... :; .... 64 - 66¼ 61 - 66 .... 67 - 67 1,00 yr. mort., 1990.~ 60 - 60 64 - 64 - ..•• 6tlJ,(- 67 Trust receipts . ....... .... 64 - 64 Noa. above 10,000 .. . .. eunch Val., 1st,'a7.:; ... - .... b5 - 55 ... 66¼- 63}( 66 - 68~-a 68 - 69¾ .... 64 - 65 Md. & W., 1st, 1941.~ 64 - 64 66 - 67 67 - 68 68 - 68 . . . . . . .. . . . . - . . . . . . . . Trust receipts...... ... . . . . 81 - 83 81 - Si 81) - 82 - ... . 78 - 81 83½- 83¼ SO - 82¾ 80 - 80 86 - 86 Se. Val. & N. E., bt. l 84 - 86 83¾- 86 85 - 85 orthern PaclficGen. 1st, lanci a-rant.ti J.13!,i-115¾ 115}(-117~ lH¼-118 114¾-117¾ 116 -117¾ 115¼-117¾ 110¾-114 l~-112 112¾-114¾ 111~-114¾ 114¾-116¾ 115 '...116,i ReK.istered . ....... ... 6 113 -115¼ 115¼-117 114¼-118 114¼-117¼ 116 -117¾ 111 -llni 112 -113~ 109 -111 111¾-114¾ 112½ 114½ 113½-116 - .... 113¼-lU¾ .... - ... 109 -109 110 -lil 109¾-113 110¼-115¾ 115!,i-115],( - ........ - ........ J • .P. M. & Co. certs . .. . . - .... 110 -110 - ........ Rea-.i ste1·ed...... . .. . (:en., I. a-r.~ 2d, 1933 6 100 -106 105),(-112 109¾-114¼ lOQ¾-115¾ lU -114¾ . . . . Reiit~ered ........... 6 .... - .... 104 -106 ...• - .... 110¾-115 ..•• ~rust i:eceipts.... ... ...... - ........ - .. .. .... - ........ - . .. 113¾-115¾ 1u -115¾ 101 -110¾ 103 -105 105 -107 105 109 ua -117 116¼-117¾ 73¾- 80¾ 72¾- 82¾ 73¼- 77 .. .. - . . .. Gen., 3d, land iirant.ti 64 - 70 70 - 78¼ 75 - 78 65¼- 69 59 - 67¼ 59 - 62¼ 65 - 67 76¼· 76½ 71¼- 75½ 71 - 73 74¾- 77" 7i - 74 Trus~ receipts .......... 47¼- 51:¼ .... - ... . filonsol., 1989 ......... :; 31½· 38½ 37¾- 45 41 - 50 52¾- 55½ 41¼· 46¾ !3¼· 48¾ 48 - 67 38¼- 46¾ 36 - i2 46½- 50 Trust receipts.. ..... 31½- 37¾ 39 - 44;( n - 49'¼ 47¼· f>l¼ 48¼- 51 48¾- 4.9¾ ..•. ~ea-,stered......... .... - •....••• JJ,ec. ctf,1, col. tr.notes 79 - 70 - . . . . . . . - . . . . 1 . .. 87 - 91~ 89¼- 94 . ... 81 - 88 Col. tr. notes, 1898.. ti 76¾- 83 95¼- 96 85 - 88½ 86¾- 90¾ 91 - ll6 82¼- 90½ 80¾- 85 - . . . . 90¼- 92¼ 90 - 92 J. P. M. & Co. certs 39 - 39 J,as.Riv.Val.,lst,t.rc . .... 70 - 74¾ .... - . . . . 65 - 75 Div;, scrip, extended . . - .... 75 - 75 83¾- 86 - .•.. 82 - 86 Sp. & P., s. t., tr.reJ.ti .... - .... 76 - 84 88 - 88 - .... 124 -124 St. Paul & No. Pac .. ti 123 -124¼ 120 -123 122}(-122}( .... ·.·.·.· 1·.·.·.·. - .... 119 -120 119½-120 t23 -124 124¾-124 - . . .. 120 -120 - . .. . . .. - .... 122¾-122¾ 122¾-122¾ .... - .... Regist'd certificates ... - https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis R~ILROAD BO~ D 91 1898-Cootinued. BONDS. JANUARY FEBR'RY. APRIL. MARCH. JUNJ:. JULY. AUGUST. dEPT'BER. OCTOBER. N0V'BER. DEC'B•R. Low.High Low.High Low.High Low.High Low.High J,ow.Hlgh Low.High Low .High Low.High Low.High Low .High Low.High ---------- -------- - - . ---------- North'u Pacific-(Con.)82 - 82 Dul. & Man., 1st ..... 6 .... 79½- 79¼ 82 - 82¼ - . . • . 78 - 78 87 - 88 Trust rec., stamped . 72 - 72 80 - 82 87½• 87½ . . .. - . . . . 85 - 87¼ . .. . 80~- 81¼ - . . . . 79½- 79¾ . • . . - . . • . 81 - 81 89 - 00 - . .. . 88 - 00 Dak. Div. let, t.rc.6 80 - 80 Be¼- 90 87 - 8737 . . . . No. Pac.Ter.Co.,lst.6 100 -101¼ 1013,(-104¼ 104 -105 103J.(-106 107 -10~ 107¼-109½ 100 -106 99~-100 tOO -102~ 102¾-105 105 -107!1( 107 -108¼ 863,(- 38 32 - 32 N. P. & Mon., 1st, g .. 6 28 - SO 81 - 31 89½- 42½ 42 - 42M 26 - 82¼ 82 - .3~ 3!l~- 36 31 - 86 Trust receipts. .... .. . 26 - 80 SO - 86¼ 32 - 34~ 82¾- 39¼ 87 - 39 86¼- 87 36 - 5! .... 31¼- 85 29¾- 31 Cent. Wash., tr. rec.6 42 - 42 Chic. & No. Pac., 1st.. Tr11st receipts .. .. .. ... 87 - 41 40 - 45¼ 41¼· 46 48 - 48.½ 44¼- 47 41 - 45½ 37 - 45 35¼- 39¼ 38 - 41½ 38 - 42 42 - 46¼ 40 - 44 40 - 44¾ . .•. - .... 40 - 40 .. .. Sea. L.S.&E •• tr. rec . 40 - 41 40 - 44¼ 36 - 40¼ 36 - 43 40 - 40 .... 8!¾- 85~ No. Pac. Ry., pr lien ... 4 O.I.& W.-suP.&E. .. . . lli 9i ... . Og. & L. Champ.-lst.6 ... . ~ Ohio & Mississippi• ... 100 -101 101 -101 102 -102 105 -105 105 -105 Consol. sink. fund .... , 103 -103½ 103¼-104 t03¼-103¼ ...• - .... 103~·104¼ .... - ... . 105 -105 - . ... 101 -102 Consol., 1898 .......... , 103 -103.½ 103¾-103¾ L02¾-103¼ 103½-104 104 -10!¾ lOi*lOb - ... . 10:la -104 105 -105 111 -115 - . . .. .... ... - .... 111 -111 . . . 2d, consol., 1911 ..... , .... - . ... 98 - 98 - . ••. 96 - 96 Sprlngf. Oiv., 1901J .. 7 .. .. - .... .... - .. . . 99¼-105¼ 106¼-106¼ . .•• - .. . . 101 - 101 - .. .. 85 - 85 - .... 85 - 85 .... - ••.. 88 - 88 . .. . Ohio Riv.-Gen.193'7 .IJ . ••• - .••• 103¼-103½ . .. - •••. 103 -103 101 -101 1st, aold, 1936... . .. i> .••• - .... .... 85 - 89¾ 88 - 97¼ 93 - 95¼ Ohio Southern-l8t.... . ti 87¾- 90 90 - 9i¾ 93 - 9i 92 - 93 • 90 - 92~ 87 - 89¼ 70.½- 83 73 - 80 78 - 87 19½i- l9½i 17 - 19J,4 16 -18 25 - 25 . . .. - .... 17 - 18 - ....... . Ge••• gold, 1921. .... 4 25 - 29 32 - 35 17 - 18 16 - 20 17 - 17 ..• • - . ... .. •• 29 - 29 .. . - .. . 1 Tru11t receipts ....... . .. . . - .... 45 - 45 .... 37¼ 37¼..•. 40 SJ . .. . 50 45 H¼ 44l442¼ 42¼• .• . O. & St. L.-lst, t.rec.4 50 - 50 76¼ - 76¼ ..• - .••. 71¼- 71¼ . ... ... - ... 78 - 78 Orearon & Cal.-ht ... . ~ ... . 713¾- 85 72 - 7i 66 - 00 Oreg. Imp. Co.-l8t .... 6 90 - 91¼ 82½- 90½, 80~ - 85¼ 84 - 84 82 - 90 81 - 00 . 75 - 83½ 75 - 75 74 - 75 - . ....... Tr11st receipts ... . .. . .. . .... - .. .. .. . . - . .. . 85 - 88¼ 11¼· 15 .... - . . . . 10 - 12¼ 12 - 16½ 17 - 20¼ 17¼- 21 17 - 23 23 - 23 Consol., gold, 1939 .. :) 80 - 86 26¼ - 30 25 - 25 12¼ 7 19¾ 17¾ 17~.(20 11¼23 17 ¾ U 17!48¼- 8¾ 10 - 11!4 14¾Trusc receipts . ... ... 80 - 85¼ 25½- 83½ 20¼'- 25 23 - 24¼ - . .... .. . - ... . .... - ... .... . - . . .. 82 - 82¾ 79¾- 80¼ Or. RR. & Nav.-Con.4 ... Orear. R'y & Nav.-bt.6 105 -109 108 -110 109:1(-111 110 -111¼' 110~-110¼ llQ¾ -112¾ L05 -108 lOi -106 106~-109 108 -110 111¾-112¼ 112¼-113!14 92 - 92 .. .. 94' - 96 Consol., 19211 . ...... . . IJ . •.. - . ... 92 -100 90 - 92 .. . . 92 - 97 94c - 95~ 92¼- 97 96 - 97 96 - t,8 82¼'- 88 Trust receipts ........ 90 - 96 - ... . • 60 - 60 60 - 62¾ 60 - 65 . • • • - .. • . 58 - 58 . . . . - . . . . 67 - 67¼ . • • • Ool. trust,• 19, IJ t.rec. .. . . Pennsylvania Co.1st, coupon. . . . . .... 4¼ 10834-110~ ll0¾-112 110¼-112 111¼-112 112½-113¼ 112" ·113;14 no -111¼ 105¼-107]4 107~-108~ 108½-109½ 110 -112 111 -111!14 - .... 109¼-108¾ 109¼-110 ••.• Rea-lstered ........ . 4½ . . . . - . . . . . - . . . . .. . - .. . . . . . . - .... 111¼ 112 110¼-lll .. . . P.C.C.&St.L.,Sr.A4½ ... . - ... 110 -lll 110}4-lll¾ 108 -100¼ 110}4-110¾ 110 -111¼ tll -111 105 -105 107 -107 ..•• - ... . 106 -108¼ 108¼-109 105 -103½ 108½ -111 lll - .... 107 -107 108¾-l ~ -105 Sel'ies B., 1942 . .. 4½ 105¾ -105¾ 11~·112¾ 110½-lll 109¼-109!14110]4-111 - •.. . 106 -107 - .... 110¼-110¼ .. .. - .. ... ... - .... lt0¾-110~ ll0½-110¼ ... . Series C, 1942 ... . 4½ . .. - . .. . 102¼-102½ 102311-102½ t02 - 102 ... . - .... 101 -101 .... Series D, 1941J .. .. 4 . . . - ........ - . .. Lll - 111 P. Cln. & ~t.L.-lst.7 .. .. - ••. . 18~ - HO¼ .... .Pitts.Ft. W.&C., 1st. 7 UO -140 ... . - .... 138¾-138½ t3!¾-134¼ .... 2d, 1912 . ............ 7 ... . ... - . ... 126 -126 3d, 1912 ........ . .... . 7 .... - ••.. 115 -115½ 116 -116 ll5½-115½ . ... Chlc.St.·L & P., ht.II 115 -116 116 -117½ .. . - .. .. tll -112 . . . - .... 114 -114 . . .. 01. & Pitts., con.,s.f.7 117 -117 . . .. - . . .. 117 -117 117 -117 113¼-lU . .. . - . . • 104' -101¼ L00½-100¾ 100¾-100¾ 101½-101¼ 101¾-101¾ 102 -102½ 103¼-103~ St. L. V .& T. H., 1st., . . . . - .... 102¼-102¼ t02~-102!14 . . . . - .... 102 -102 .••. 2d, 1898 .. . ........... 7 .... - .. . . 102 -102 100 -100 2d, a-110.r., 1898..... , 105¼-105¼ . .. . • . . .. 107 -107 . . . . Gr.R.&lnd.,1941.4½ ... . - .... 108 -108 Pa. RR.-R.E., 1923. 4 ... . - . . . 118 -113¾ U2 -112 U. N .J. RR.& O.,a-en.4 . . . . Peo. Dec. & Evan11v.-100 100 ... . .... 98½ 88¾ 101¼-101½ . ••• ••• . - .. . . 10()¼-100¼ 101 -1011'( iOlM-102 l11t .. ..... . . . .. . . ..... . ... 6 ... . - .. . . 101¼·101½ 101 -102 •. . . 101 -102 101 -101 - .. .. 101 -101 Evn.nsv. Div., 1st . . . . ti .... - · 26 - 26 28 - 31 2d, 1926 .... .. . ....... ·. ~ .. . . 28 - 28 . ... - . . . . 28 - 28 - ... . 22 - 24' Trust recelpti,... .. . . rs - 28 28 - 28 26¼- 26½ P.& E.-See C.C.O&S. L. Peo. & Pek. Unlon69 - 69 .. .. - .... 80-80 - ••. 68-68 2d mort., 19:ll .. .... 4~. 75 - 75 69 - 71¼ 71¼- 71½ . • Phil a. & ReadingGeneral .. ... .. .. .. .. . . . 4 83 - 87½ . . . • 73:ki- 77¾ "'i7 - 81~ 79½- 82 71:1(- 77 Trust receipts . . . . . . . . 71½- 78½ 78 - 78¾ 76~- 78½ 77¾- 80¼ 79 - 80¼ 78 - 80½ 71 - 77 67 - 73 79¾ - 79¾ . . • . - .... Registered... .. . . . . . . . . . . - . . . . . .. Tr. rec., unstamped. 81 - 90½ 88½- 00~ 80 - 89!14 89¼- 92~ 90½- 91% 90 - 93 .... - .... 80 - 80 .... - .... ... . - •. .. _ 1st pref. Inc., 19~8 . . ~ 18¼- 18¼ ... . - ....... . - ·.;·· .. .. - . ... T'r. rec., 1st Inst. pd. 26¼- 86~ 81¼- 86¼ 28¼- 83 80¼- 327' 28 82 ~d pref. inc., 19~8 .... IJ 5¾- 10 .•.• - .... . ... - ........ Tr. rec., 1st in ■ t. pd. 22¾- 22¾ 18½- 21¾ 17 - 18M 18 - 20 16¾- 20 13 -t22½ tl4 - lll½ tlO¼- 16 tll¼-*2111! *23!14- §.H §'.84 - 39 § 31~- .87½ 3d pref. Inc., 1911~ .... ~ 8½- 8¾ 13¼- 13¼ .... Tr. rec., 1st Inst. pd. 12 - 20 16 - 19½ 14 - 17 15%- 18~ 14~- 17¼ 11 -t20¼ tll¼- 18 t 9 - 12¼ t 9¼-*23 *21!1(-§12 §32 - 86¼ §31½- 85% 3d pret. inc., conv ... . ~ 8½- 5]4 . . . . ¾- ¾ ... . !14- ,:t 1J4 - 2 . . .. ¾- 2 1¼- 1:ki ... . Deferred income ...... «; - .... ;2½- 8 1¾- 1¾ . . . . 1 - 1:ki 2 - 2 14¼- 4¾ § 5¼- 5!14 ••.• Tr. rec., 1st Inst. pd. P,C.C.&St.L-Su Pa.Co. P.C.&St..L-SeePn.. Uo. - . ... 124 -12! Plttsb. Junc.-lst,'2~.ti . ... 88 - 88 90 - 90 80¾- oo 90 - 91 85 - 87¾ 89!14- 93 Plttsb.Sh.&L. E. -1st.II 82¼- 82¾ 8!l - 91½ 85 - 87½ 87 - 91 83 - 83½ ... Consol., 1943 ......... IJ ... 72½- 7!l¼ 73 - 76 70 - 70 66~- 70 61l - 71½ M - 66 76¼- 76 ?2 - 77 'il - 75 Plttsb. & West.-1st .. 4 74 - 77 72 - 76¾ 66 - 71 Rich. & Danv.-See So. Rio Gr. Junc.-lst ..... lJ .. . . 87 - 87 62¾- 68 63 - 64 Rio Grande So.---,l ■ t . . ~ 66 - 66 61¾- 67½ 68¼- 72½ 73 - 76¾ 75 - 77 Rio G. W .-ht, 1939 .. 4 70 - 75'-( 75 - 77¾ 70 - 76¼ 7!l¼- 76 751'(- 76½ 751'(- 77 663-s· 74¾ 63 - 67¼ 67 R. W. & 0.-See N. Y. O. St. Jos. & Gr.181and41 - 41 .... 1st . .................... . 6 .... - . . . . 40 - 40 . . . . 38 - 40½ 39 - 41½ 45 - 51!14 4.7¼ . 50 40 - 42¼ 87 - 89 43¼- 45¾ 44 - 47 43¼- 50 46 - 50 Trust receipts.•····· • 50 - 50 48 - 51 8 - 5 8 - 3 2d Income, 192~ .. ... ...... 2 _ 2 Coupon off .. .. . . . . ... .. . .... St. L. Alt. & T. H.ht, 1914 .. ...... . ... . .. :) 99 -103!14 105 -105 ·1 04 -106 106!}i-107¼ 104~-105¼ 105 -105¾ 102 -102 105 -105 104, -105 105 -105 102½-104 Bellev.& Caron.lst.6 .. .. - ... . 115 -115 . . . . 87 86 4 St. Louis So,, lst .... 80 - 80 Oh. St. L. & P .. ht .. ~ .... - .... 102 -102~ . . . . - ••.. 101 -102 8t.L,&I,M.-See M.Pac. St. L. & S. F. RR.-ar .. 4 . . . . - . . . . 64 - 65½ 64¾- 66M St. L. & San Fran.- .... 112 -112 . . . . - •. •• 2d, claH A, 1906 .. .. . ff 112 -114 112¼-114¾ 115~ ·116 115 -lli¼ . • • - ... . 115 -115!14 . . • • Cla■s B, 1906 ....... .. .6 lll!l(-112¼ 112¾-115 lU¾ -115 114½-117¾ 115~-116 115¼-116 lU -115 . • • • - ••• . lllJ.(-113 112½-112¼ 110¼-112 110½-112 ClaH 0, 1906 ........ . .6 112 -112 112¾-115¼ 114¾-116 114%-118 115¼-116 116 -116 115 -115¼ 108 -108 109¼-113 112¾-113¼ 11<>,(-111½ . • • • - •• •• General, 1931 . . ...... ti 101½-102 104 -106¼ 106 -107 106¼ ·112 112¼-118 112 -114 110 -110¾ .... - .... 103 -106 Vll~-107 109 -109 10914-111 t Trust receipts; 2d inst alment paid. ; 3d inatalment paid. 5 All Instalment s paid https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis ;,t . . RAILROAD 92 BO DS. 1896-Continued. JANUARY FEBR'RY. BONDS. MARCH. .APRIL. - - -· - - - - - - - MAY. JUNE. JULY . AUGUST. SEPT'BER. OCTOBER. NOV'BEJt. l VEOllS:R. 1 - - - - - - - - - · Low.High Low.High Low.Hiizh Low.High Low.High Low.High Low.High Low.High Low.High Low.High Low.High Low.Higb St. L & S. Fr.-1Con.)General, 1931 .. . .... . 1> 80 1st, trust, 1987' .. .. . .. /) .... Consol. gu., 1990 .. .4 .... Trust receip , s ..... . . .... . Ft.S.&Van,B.B. 1st.ti 98 St. Louis ~outbw'nlst, 19~9 . .......... .... 4 70 2d inc., 19"i9 ..... . .... 4 24}(- 80 95 - 95½ 95½- 95½ 95 - 98½ 98½- 99 99 - 99¼ 94½!- 9!½1 93 - 93 90 - 93 92 78 - 90 88 - 90 86~- 90 90 - 90¾ .... - ........ - ........ - . . .. 87½- 87½ . ... ........ - .. . 36 - 38 32 - 36 23 - 35 2! - 25 .. .. - ... .. .. . - ... . .. .. - ........ . ... .. . . .. . . ... . - .. .. . . . . . ....... - ........ - ..... ... - .. .. .... - .. ...... - . . . . 25 98 98 - 98 .... - . ... 99 - 99 100¾-100½ .... - ..... .. - ........ - .. .. ... . - ... . 104 73¼ 72 - 76 29½ 29¼- 32 95 90 ... 21 .... - 92 - .... - . . .. - 25 -104 j _ u_ 9 '7>1 96 7ll - 90 90 - ....... - 30 .... - ........ - :., 7 90 . .•• .••• ... . 72¾- 75¾ 73 - 75 70¼- 72 67½- 70 68 - 71¼ 65 70 66 - 70½ 66 - 68 65¾- 70 67½!- 69 28 • 31¾ 27¾- 29¾ .... - .... ~%- 26½ 24¼- 27½ 23!,u- 251/4 24¼- 27½ 24 26¾ 26½- 29¼ .... - ..•• 1 s~:nas:~~~;3~~~. e.~.. 5 Guaranteed, 193' .. . /> St.P.&Dul.-2d,1911'.5 !!'It. P. Minn. & Man. 1st, 1909 . ... . ... ... ,. 2d mort., 1909 .. .. . .. 6 Dakota Extension .... 6 tar, consol., 1933 .... 6 Reduced to ........ . 4½ Mont.Ext.,lst,1931.4 -= ·.·..... .... - ........ 88 - 88 .. .. - ... .... . - .... ... - .... .... .. .. 90 • 90 .... - . ....... - .· .·.·.· .·•·•·• 1.··.·..· = ···• .... - ........ - •••. 90 • 90 .... - . ....... - ....... - ........ - .... .... .. . . . . . - ... .. ... ...• 103 -103½ .... - .... t03¼-103½i 103 -103 . .. . . .. . . .. - .. .. .... - . ... . . . . . . . 101 -101 JOO -100 ...• - . ... 102 -103 116½-116¾ t19¼-119¼ 117 -120 101!}.(-102 86¼- 88 j • .... - . ....... - .... - . ... 106½-106½ ... - ... . .... - .... 103 -103 118 -118½ .... - .. . . 120 -120 119 -1217-{ ~o -121 121 -121½ 102 -105 105¼-105½ 87 - 89 86 - 88 :::~:~e°r::.~:::~;;·,:: :·:: = :::: :::: = :::: i~~· 116 -117¾ ... - . . .. 122 -124 105½-105½ ... . ... . ... - ........ - ... ..... - ........ - .... 109 -110 117%-117¾ 118 -119½ 118 -119½ 114 -116 118 -118 114¾-116 115 -116¾ 117¼-118 . .. - . .. . ... - . .. 117 -117 113¼-l.13½ 113½·113½ l15 -117 112}(-116 116 -11~ 123~-124 123½-12!½ 121 -121 118 -118½ 117 -119~ .... - .. . 122 -122 124 -12-1, 105 -105½ 105 -106 104¼-104½ 100 -100 ... - . . . 102 -102 103½-103:1:( 104 -105 86 - 87 84¼~ 89 88 - 83½ 87 87½ 88 - 90¼ 86 - 89 87 - 88 86 - Si¼ ~~: iis ~~~¼:~~~~ i~~ =11(;· =1{6. 116 =1i6" :::: = ::·· =~~: :: :: = .. :: i~4 =1i~" =1i4·· 1i~s =11~~ lat, guar., 1931' ... 5 101 -102 ... - ... 101 -102 101¼-102 102½-102~ 102 •102½ 99 -100 .... - .... 100!-,i-100½ 102¾-103½ 100½-100¾ 103 -103 E.Mlnn.,lstDiv.l st.5 ... . - ........ - .... 107 -107 .... . ... 105½-105½ 106¼-106¼ .... - ........ - .... 102¼-105 100½-100½ 100¼-104:1:( Willmar&~.F.,1st5 .... - ........ - ........ - ....... - ........ - ....... - ....... - ........ - ........ - ....... - ........ - .. . 106¾·10~ ISanAn.&Ar.Pass- , :~!':. !!i:.;;;i~;J :'t 56~ ':': : \ 5 591 ;~,; : 5 5 : :9 .87·~1: 9:~3,i~ 9t , 9::: ' . \ .· ;.:.~. ; '.. ~.·:.._ :.~.·:.~. = ~~:· :;~¼= ~:: :;~: = ~~:: :~; = ~~\~~ ~~~ : So. Car. & Ga.-lst .... 5 94 - 94 93 - 94¼ 94 - 95 95 "''2 ,. 711 .,,. 711 .. . . . . . . .... 89 - 89 ... - .... I 93¾- 93¼ So.Pac.,Arizona-Ist .6 94¼- 94½ 9! - 97 94¾- 95¾ 9! - 97 95½- 96½ 95 - 96½ 94 - 94¼ 93 - 93~ \13 - 93¾ 92 - 92¾ 93½- 94 95 - 95¼ ~outh'n Pacific, Call8t ... .................. .. 6 108½-108½ 109 -111 Ll0!,(-110,t 107 -107 ll0½i-111 llQ½-111 110!,u-112 10?¾-107¼ 108 -108 .... - . . . . . . . - . . . 106¼-106¼ ht, consol., 193, .... 5 91¾- 92½ 90¾- 91¼ 90¾- 91 90:1:(- 92¾ 90½- 91¾ 91½- 92¼ 90¾- 91¾ 87¼- 89:1:( 86 - 87¾ 86 - 86¾ 85 - 87¼ 86¾- 86:1:( Au.&N.W,,ht,'41 .5 88 -89 86 -88½ 86 -86¾ 86 -87¼ 86 -87¾ 86 -86½ 84 -85 82 -St¼ 82¾-83½ 81 -82~ 81½-82¾ 82:1:(-84¾ So. Pac., N. Mex.-lst.6 101½-104 104 -106 105 -106 105¼-105¾ 105 -105¾ 105 -106 102 -103½ 102 -102¾ 102 -103½ 102½-103\ki 102¾-105 104¼-105¼ Southernlst, consol,, 1994 .... 5 87¾- 91¾ 91¼- 93½ 89¾- 92½ 9014 · 94 92¼- 94¼ 92 - 94¼ 80¼- 89¾ 76 - 83¾ 82 - 86¾ 81¼- 86 85½- 92½ 89 - 92),:( E,Tenn,reorg.llen.4-5 91 - 91½ 91 - 93¾ 90 - 91¾ 90½- 91¾ 91 - 91ll,t 91 - 92 ... . - ........ - ........ - .. ...... - .. .. 90 - 91½ 89¾- 90¼ Alabama. Cent., lst ..6 .... - ........ - .. .. .. . - .. . 108¾-108¾ .... 107¾-107¾ . ... - . .. . .• - ........ - .... 109 109 •••. - ........ - ...• Col. & Gr., 1st ..... 5-6 . ... - .... .... .... - .. . . 113 -113¾ 112¾-113 .... - ........ - .. . . . . - ........ - . . . . .. . - ... 110 -113 .... - ...• E.Tenn.V.&Ga.,lst.7 107 -108¾ t0S½-109½ 109 -109 .... - .... 110 -110¾ 111 -lllll,t 108 -108 •••• - .... 1061'4·107¼ 106¾ 107}( 109½-110 110 -111 Dlvi8ional. ... ...... I> 111,(-111½ .... - .. .. . .. - .... 111½-111½ 112 -112 112½-112¾ 110 -110¾ 107 -110 108 -111½ ... - .... 110 -111 111 -112 Consol., 1st, a-....... . 5 105 -107 106 -109 107½-109 107½-109½ 106¾-107¾ 106½-107¾ 100 -107 100½-102½ 103¼-105 105 -107¾ 106¼-107¾ 106¾-107:J.( Ga.. Pac., 1st, a-.... 5-6 110 -114 112¾-112½ 112¼-113 113 -113¾ 114 -ll4 .. . . - ..... ... - .... 105 -105 103 -104½ 110 -110 110 -110 .. .. - ... . Knox. & 0,, 1st, lf . .. 6 114 -114 113 -lH 114 -115½ 113¼-114 114 -116 115½·115¾ .... - ........ 110½-Ul½ 114¼-115 114¼-115 113¾-114¾ R.ich. &Dan., con.,a-.6 115 -118 117 -118 117¼-118½ 119¾-120 119 -120½ 120 -121¼ 114 -118 110¾-113½ 114 -117 115}(-117 117 -119 i19 -120~ Equip. s. f., g,, 1909 5 .... - .. .. 99½·100 100 -100 98 - 98½ . ... - ........ - ... . ••. - ........ - . ....... - ... .. ... - ........ - ........ - ... . Debenture, st'p'd ... . 5 99 - 99 100 -101 101½-101½ 99:1(-100 .... - ........ - ........ - ........ - ........ - .. .. 88 - 88¼ 93 - 93 ••• - ...• Va.. Mid,, ir , 1936 ... 5 97 - 99 98½-102 102 -103 103 -105 100 -103 99½-101 95 -100 ... - . .. 87%- 98½ 96 -100 99 - 99½ 99 99 '1936, ii., stamped .. .l 98 - 98 100 -103 103 -103 104¾-104¾ 100 -102½ 101 -101 05 - 95 94 - 95 93 - 95 98 - 98½ 96 - 96 .... - ...• W. N. Car., 1st, con.6 113 -113 112½-113 113 -113 112¾-114 113¼-114 112 -112¾ 10!½-l~ .••• - .... 103 -103 105¼-108¼ 110 -112¼ 112¾-lH Term'l Asi,'n of !!It. L.- .... 102 -102 ••• 103 -103 103 -103¼ 103¼ 103½ 104¼-105¾ 104 -105 .. . • l8t, cons., a-, 1944 .. ii 100 -101 .... Texa.8 & N. OrleansI st, 1905 ... ........... . ? .. .. - . . .. 108 -108 .. . - .. . .. . . - .. .. . .. . - . . .. .. .. - .. . . · • · • - · · · · .. • • - .. · · .. . . - .. . . · · · - .. . . • · • · - · .. · •••• . ••• 1st, consol., 1943, a-.5 92 - 94¾ 95¼- 96½ 95:1:(- 96¾ 95¾- 96½ 95%- 96¾ 95¾- 96¾ 92¾- 94¾ 92 - 93¾ 93 - 95 93¾· 9i½ .94 - 94.½ 92¾- 9¼¼ Sabine Div., 1st ...... 6 107¾-107½ ... - .. . . ... - .... 107 -107½ .... - ........ - ... . •.• - .... •··· - ........ - ........ - ....... . - ........ - ... . Texas & Pacificl 90l ................. .... ti .. .. - .. .. .. . . - .... 104 -105 . . .. - .... 107 -107 .. .. - . . .. .. . . - · ... · .. · - . . .. .. .. - .... · · · · - .. · .. .. - .. · · .. .. . ..• 89:1:(- 90¾ 831¼- 88 ht, gold, 2000 . ...... . 5 81' - 86½ 86 - 89 87½- 90 88¾- 91 77¾- 84¼ 73 - 78 77½- 81½ 80 - 85½ 84¾- 89 84 - 86 'ld, g., inc., 2000 .. .. . 5 18 - 21¾ 21¾- 24¾ 22 - 24¼ 22½- 24}( 21M- 23 18¼- 22½ 15 - 19 13¾- 16¾ 15¾- 19¾ 16 - 21½ 21 - 25 18~- 22 Third Avenue (N . Y .)1st, 1937' ............. .. . /) 115½-119 119 -119 119¾-120 .... - .... 120 -120 120¼-122½ 119½-120 114 -116 117:1:(-119:1:( 119 -119¾ 121 -121½ 121½-123 Toledo & Ohio Cent'll8t . .... .. . .. . ... .... ... . 5 105¼-106 107 -109 106 -107½ 107 -108 107¾-109 109}(-109¾ 105).g-106¾ 105 -106 105 -105 105 -106 106 -106½ l07¾-107¼ "'e8t. Div., lat, '35.5 . .. . - .... 109 -100 108½-108½ lOH(-104¼ 105 -108¾ 108 -108!,,t 107½-107½ .... - ........ - ........ - . . .. .... .... - ...• Kan.& M ,1st.gu.,g .4 79 - 80 80 - 83 81. - 82 80½- 82 81 - 82 80 - 81¼ ... - ...... - .... 78 - 78 76 - 76 76 - 78 78 - 78¾ T.P.&W.-lst, 1911' .. 4 73 - 77¾ 77¼- 79½ 79 - 79½ 80 - 80 79 - 79 78 - 711 69 - 74½ .... - .... 67 - 69 .... - .... 73 - 75 70½- 71 Tol.St.L.& K.C.-lst,ti 71 - 71 74 - 75 .... - . . . .. .. - .. . ... - .. . . 70 - 70 .... - ........ - ........ - ........ - .. . . .. - . . . . ... - ...• Trust receipts...... .. .. 71 - 74 74 - 77 74 - 75 73¾- 74!,.i 74¾- '74¾ 70 - 72¼ 65 - 68¼ 62½- 6-1½ 64 - 69 63 - 66 65 - 75 66 - 70 Uls. & Del.-lst, con .. :; 100 -100 101 -101,:( 101 -103~ 103 -103 103 -108~ 100 -100¾ ..... - .......... - . .. 99 - 99~ 997'- 99,t .... - .... 100 -100 Union Pacific"' 1st, 1896 ... ......... .... 6 101¼-105 102),(-103 102½-103¼ 103½-106 103¼-106 103½-104½ 100 -104 9e -100!4 99¾-105 100 -102 102 -103 102½-103 Tr. re<'. ex. mot. cps. 95 - 95 .... .. .... - . .. . 96¾- 97¾ 99 - 99 95½- 99 .... - . . ...... - . .. . 97 - 97 .... - .. .. 98 -101 101½-102),:( 1st, 1897' ............ ... ti 101 -104¾ 102¼-102¾ 102¼-104 103¾-10(!¾ 1031.(-107 104 -104¾ J.03¾-103:'( 100 -100 105 -105 .... - .... 101¾-104½ 102¼-103 I Tr. rec. ex. mat, cps. 98¾- 98¼ 97¾- 97½ 95½- 95¼ 97 - 97 99 - 99 99}4- 99¼ 95 - \15 ... . .... - . . 97 - 97 100 -101¾ 101¾-103 1st, 1898 ......... :..... 6 xl0l-105¼ 103 -103¾ 103¾-101¼ 104 -106 104 -107 104½-105¾ 104¾-104¾ 100 -100 99¾-105½ 97 -101 102 -105 103 -103¼ Tr. rec. •·x . mat. cp8. 98¼'- 98¼ 96½- 97½ 96 - 96x 96¾- 99 99 - 99¾ 99}(- 911¾ .... - • ... 90 - 90 93 - 98 97 - 97 98 -101¼ 102 -103}( lat, 1899..... .... . .6 102 -105¼ 103 -104 104 -105 105 -107¾ 10! -108 106}(-106!,( 101 -105 .... 100 -102 .... - .. . 102:1:(-105½ 103!,(-103¼ Tr. 1·ec. ex. mat. cps. 95¾- 95¾ 99 - 99 96½- 96½ 97 - 98 99!,i-100 99¼- 99½ .... - . . .. 93 - 113 98 - 98 97 - 97 100 -102 101¼-103¼ Collat. Trust, 1908.6 93 - 95 .... - .... 95½- 95½ . • - ........ - ....... - ........ - .... 95 - 95 95 - 95½ .... - .... 96 - 96½ .... - •••• Collat. Trust, 1901'./> .... - .. .. . . - ....... , - ....... - . . . . ... - ........ - ........ - ........ - .. . . ... - ....... • - .. • • ... - • ... 75 - 75 Coll.Tr.4½s,Tr,rec ... .. .. - .. . 50 - M¾ 54¾- 54¾ 50~ 53½ 48 - 50 .... - ........ - ........ - ........ - ...... . . - .... 50 - 53 45 - 47 Gold notes, 1894 ..... 6 93¼- 98 95 - 95½ 94¼- 95 94 - 95!,v 91¼- 98 97 - 98 97 - 97¾ .... - . . .. 94' - 95½ 94¾- 95~ 95 - 97 97½-101¼ Ext. eink. fd., 1899 .. 8 90 - 9-1 9! - 9i¼ 92 - 94¼ 93 - 9! 90 - 94 90 - 91 88 - 88 77½- 80 73 - 75 76 - 82 85 - 90 87¼- 90 Kan. Pac., 1st, 1S9:i.6 102 -105½ . . . . - .... l0tl¾ •106½ 107½-110 110 -110:I:( . . • - .•.. 111 -111¾ . . . . - ... . 109½-109 . . . . - . . . . . . . . - .... 107 -107 ht, 1896 .. .......... . 6 103 -106 105 -105 .... - .... 109 -109¼ 110 -111 112¼-112½ .... - ........ - ... . .... - .... 105 -105 .... - .... 109 -110 Tr. rec. ex-mat.cp. .. .. - . . .. . . .. - . .. . .. . . - .. . . . .. . - .. . . .. .. - . . .. . . . . - . . .. . . . . - . .. . . . . - . . .. . . . . - . . .. 91 - 91 .. .. - .. . . 95 - 95 Denver Div., as~t .. ti 107 -107 106 -109 .... - .... 108¾-lll 111 -111 .... - ... 111 -111½ ...• - .. ...... - ........ - .... 115 -115 111 -113 Tr. rec., ex-mat. cp. 94 - 94 97 - 97 95 - 95 97 - 99 Q9 - 99 96¼- 96}( .... - .. . ..• - ........ - ........ - .. . . 95 - 95 98½- 98¼ 1st, consol., 1919 .. 6 70 - 70 .... - ........ - ........ - ... 68½- 68½ 70¼- 70¾ 60 - 60 .••. - .... 62½- 62½ 61½- 61¼ .... - ....... - ... . Trust receipts .. . ... 70 - 74 'i3 - 77½ 71 - 75 72 - 76½ 72¼- 76¾ 70 - 72:1:( 60 - 66¾ 51:1:(- 65 60¾- 66¾ 63½- 67½ 65 - 72½i 65 - 70¼ At. Col. & Pac,-lst .. 6 .... - ... 39 - 39¾ 33!,(- 33¾ 35 - 37 32½- 35 32¼· 32¾ 25 - 30 ~9 - 29 ... - .... 22 - 30 26 - 36 25 - 28 At.J.Co.&W.,lst.6 . ... - .... - ........ - .... 37½-37½ .... - ........ - .. . .... - ........ - ........ - .... 30 -33 35 -35 27 -27 u.P.L.& c., 1st, flU .. ~ 31 - 31 34 - 34 32 - 32 35¼- 35¼ 35 - 35 .... - ... . . ... - ....... - .... 20½ · 24½ 25 - 25 .... - .... 24:xi- 25 U.P.D.&G.,htcon.5 31½-36¼ 35½-40 36½-38¾ 37¾-40¾ 38 -40 327k37 26 -33¼ 25¾-29½ 28¼-31½ 27¾·32¼ 34 -40 34¾-37¾ I :~¾ .59%= 70.. :}(= ~~ ~~ =:~ O~~~•/;•e~e~~;':••.ll~~~ , :~ = Hat. trust, icold .. 5 .... - .. ...... Or. Sh. Line, 1st .. .... 6 101½-106}( 106 Tru8t receipts......... ,100 -105¼ 105 Ut~b &N~., 18t ...... . 1 , .... - ........ Gold, 19~6 .... ..... 5 .... - . .. . 95 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis - .. .. .. - .65 = 67 . .M¼= 67¾ ·s:i½i= 65 .. ·~8 r= 57¾; 5·; =63 .. 58~ 64¼ .6.4 = 68¼ .63:l(= 66¼ ... 27½- 27½ .... - ........ - .... .. . . -113 112 -113¾ 112½-115 112½-113¼ -112~ 111 -112~ 112 -115 111¼-112½ - .... 1114 -114 . . ; .. .. 115 -115 - 95 . - .. . . 98 - 99 100 -100 . .. . . . .. .. ...... - . .. . . .. - ........ .... - • .... 112¼-114 110 -112½ 101½-103½ 105¼ ·109¼ 107¾-110!,( U0½-115 111 -113 lll½-112¼ 104:1(-110¾ 100 -10!½ 104 -108 104¼-110 109½-114½ 109}(-llll,( .... - ........ - ........ - .. .. .. - ........ - ....... - .... 115 -118 .... - ........ - .... ... . - . . . . .. . - .... .... - . .. .. ... - ........ - .. .. RAILROAD AND 93 MI CELLA I ~96-C:oncluded. JANUARY FEBR'RY. MARCH. APRIL. BOND!!i. MAY. JUNE. JULY. AUGUST. SKPT'BER. OCTOBER. NOV'BER. DEC H U< Low.Hillh Low.High Low.High Low.High Low.High Low.High f,ow.Hlgh Low.High Low. High Low.High Low.High Low. Ili11h Union Pacific-(Con.)Utab Southern-Gen., Trust receipts. ........ ... ..... 7 Ex1eo. 1st Trust receipt ■ ...... Va. Mid.-See Southern. Wabashlst, gold, 1939 ... .... . ;j 2d mol't., gold, 1939.lj Deb, inc., 1939, B .... ti St, L. K, C. & No,l!lt. C, B',ie,lst,'Ool.6 D,&Ch.Ext,1940 .. 5 West, N. Y, & Peoo.1.st···· · .................. . lj Geo'l, 1913, g ... 2-3-4 Incomes 1943 . ........ lj W,Va.C.&Pi1t<1.-lst.6 Wheel'g & Lake Erielst .. ................... ... ;j . .. -.. • . . . .4 Consol.... Ext,&lmp .- ~.,1930.lj Wheel. Div,, 1st ...... 5 Wisconsin Cent'l Co.1st, ,iold ...... ... .. .. .... lj Trust 1ecelpts........ Income, 1937 .......... lj 68 - 68 ... .... .... - .... 64¾- 64¾ 65 - 68 66 - 66½ ... . - M - 66 - . . . . 59 - 59¾ 62 - 62 .... - 56 - 63 . . . . - . . . . 57 - 53¾ · 62 - 62 102½-104¾ 103%-107¼ 106¾-107½ 107 -109 105¾-106½ 105 -107 101¾-106½ 99 - 103¼ 102 -105 66 - 69 73 - 75½ 71 - 74½ 64¼- 71 73½- 77¼ 72½- 75¾ 73¾- 76½ 74 - 76 69 - 77 20 - 22 22 - 25¾ 22 - 24½ 18.¼- 20 24%- 26½ 24%-,27½ 2i - 26 20 - 24¾ 24 - 28 108 -108 96.¼-100¾ 99 -99½ 98 -99 105½-105½ 106 -106 98 -98¾ 98 -100 105½-107½ 1()6¾-107¾ 106 -107¾ 105¾-105 46¼- 49¾ 45 - 48x 43½- 45 44 - 48 16 - 17¾ 14½- 15!1:( . ... - ... 13¾- 16 .... - ... . 108 -luS 105:1(-105¾ 103 -103 97 -97 98 -100 - .... 33!,4- 33),,( 26¾- 27 42¼- 42½ ••.. 25 - 30 36½- 40½ 31 - 87½ 28 - 28 41 - 44¾ 41¾- 44 :::::::t"ir~:c::.~i~~:~ .g5 = 96 = 87 96 - 96 102 -107 103¼-106 105½-106!14 69¾- 72½ 68¾- 75 66 - 09 20½- 21½ 22 - 26½ 22 - 22 102 -102 .... - .. 104¾-104¼ - .. .. 95 -98¼ 96 -99 .... - 97.¼- 99 96_ - 97 30¾- 3~ 33 - 33 31¼- 35½ 35¼- 43½ 38 - 40 29¾- 35 7 - MISCEL LA NEO US. m. Cot, Oil-Deb., g .8 110 -111½ 110 -110¼ 109 -110 Am. Spirits Mfg.-lst.6 ... . Bost, Un. Gas tr. ctfl!l .. l) .... B ooklyn U. Gas-1st lj .... B'kln W,&W.H.-lst.5 97¾-100 97 -100½ 99¼-100¾ Ch.G.-L.&C.-lst, gu.a 90 - 91!,t 90¾- 93~ 90½- 92 Cb.Jc.&U ... ,Yds-•1.;.!> 108 -108 98 - 99 98 -100 Ool.C.&I.-lst,1900.6 94½-100 Consol. Coal-Conv .... 6 .... - ... ... .. - . ....... - . .. . <Jon.Gas,Uh,-l8t,'36.~ 83 - Si 8:l - 84½ .... - . ... Det, Gas-Coo,lst'lS.~ .... - . .. . 75 - 77¾ 70 - 75 Edison El, II ,-ht.'10.;j 106½-107½ 107¼-109 105¾-108 1st, con11ol., 199~. g.lj 97¾-100 JOO -102 102 -105 109 -109 Edi11onEl,,B'kn,lst,g.l.'i .... 95½- 98 64 - 66 _ ........ 100 -100 100 -100 58 - 62¾ ... . - ---· 43 - 43 37¼- 41% 41½- 46 6 - 14½ .... - :::·d!!.~~::~d~::'/11~:: .~~. - .... 90-90 64 - 68 lu2¾-105¾ 100 -102,¼ 101¾-102¼ 104¾·104¾ 105 -107¾ 106¼-107!1( 105,¼-108½ 44.¼ · 46¼ 45 - 47¼ 40 - 41 37¾- 40 37 - 42~ 33 - 33 43 - 44 44 - 45 12¾- 14½ 13 - 13¼ 1~- 11¾ 9¼- 12 13 - 14½ 13 - 13½ 11 - 12½ 10 - 10 100¾-100~4 101½-102 100¾-102¾ 97¾- 98Xi 97¾- 98½ 98½-100 60 - 63 - ........ - . . . . 60 - 67¼ 63½- 64 .. .. . ... - .... 92 - 92¾ 91½- 91½ .... - ... 91 - 91 90 - 90 .. .. - .... - 66!,,(- 67¼ 62¾- 65¼ 66 - 66 109~-110½ 107½-109 109 -109¾ 105¾-108 s .... - 102¾-103¾ 105 -106¾ 106 ,-108 60 - 63¾ 61 - 85 - .... 100 -lOlx, 102 -105 105 -107 97 - 98 95 - 97 PO - 93 89 - 92 82 - 89 86 - 138 - .... 95 - 95 95 - 98 - .... . ... - . .. 100 -10() - .... 77 - 79 1 80 - 83 . 69 - 70 68½- 71 101 -107¼ 105!,4-108 106 -107-U 99%-100 100 -100 99 -100 1 105½-109 105,¼-107¾ 71 - 75½ 69 - 78 81¾ · 87¾ . . . . - .. .. 105%-106¾ 105¾1-106 98 -101½ 99½-101 95 - 95),( 92¾- 95 107 -107 97 - 98½ 99 -100 . .. . S5 - 86¼ 8~ - 85¼ 71½- 75¾ 74½- 75¼ 107!,,(-110¾ 109¾-110½ 100¼ 105½ 105 -106% .. . llO -llO - ... 114 -114 85 - ~~·· .... - .... 98-98 90 - 91¼ 90 - 9! 82 = ~~ .. ,.~.~ - 91 82 - 85 - . ... 110 -110 91 - 93}8 927-(- 9!% 92½- 93¼ 92 87 85 - 90 - ... 5~- 65 - ... 106 -107 98¾-100 100¾-lOOZJ.1100¾-101 91 - 92½ 92 - 93¾ 92¼- 93 - ... . 99 - 99¾ 98 - 99 98%-100 101 -106½ 96 - 98¾ 87 - 89½ 105 -105 95¾- 98 80 - 82½ 81 - 82¼ 107 -109 1C3 -105¼ 107¼-107½ .... - . .. . .•.. - .. . 105½-109 100 -102 83)4- 84 74 - 80¼ 106¾-108½ 102 -10! 83¾- 86 80½- 82 107 -108¼ 103 -10! - 96 - 97½ 97 - ~;· · 97 - 97 88 - 9<J½ 90½- 91½ 90 - 92 90)4- 93 95 - 95 88 - 90½ 85 - 88 : : r:: I = 90½- 93 90 - 93:>.i 92 - 93 93 - 95¾ 93 - 95¾ 9!¼- 95 6 Lo.c. Gas, St.L.-lst,ll.lj 93 - ... . 107¾-107¾ .... Met. T. & T,- lst,'18.,;j ... Mich,-Pen. Car-lst ... lj ... . .. , 89½- 89¼ .... .... .... Mut. Un, Tel.·-:S. t .... . ti .. . . . 112 -112 113 -114 .... . ~ . . 107 -1.97 . . . . - . . . . . . . . - . ... Nat'l Starch-lit. .... 6 92 - 95 95 - 95 95 - 95 - . . . . 9! - 95 95 - 95 94½- 94½ . . . - . . . . 96 - 96 9-i¼- 9., N. Y. & ·,J,Tel.-Gen./> .... - . . . 108 -108 N.Y.&On. Laud-l11t.6 .... .. .. 92¾- 9l!¾ . ... t People'it' Ga11 & Coke1st, gold ......... . ...... . 6 110 -112 .... _ - .. .. 106 -106 . ... 103 -10! 105 -107 2d, a-uar,, g., 1904 . ..6 101 -102¾ .. - . . . 103 -105 105¼-105¼ 106½-106~ 103¼-105 106 -106 lu4 -104 . . . . 96¼-100 95 - 97 98%- 99¾ 99 - 99½~ 99 - 99½ 92½- 94¼ 96¼- 99 1st, coo., fl,, 1943 ... . 6 95¾- 99½ 100 -102¼ 101¼-102½ 99 -100 - .... 102 -102 .... - .... 102½·102¼ .. . . So. Yuba Wat.-Coo,g 6 100¼-100½ .... Stan, Rope & T,-ls1..6 .... - .... 78½- 80 Incomes, gold, 1946./> ... . Tenn.Coal Iron& Ry.Teno. Division . .... . 6 89 - 89 92 - 93 90 - 93 80 - 82½ 72 - 81!14 80 - 80 89¾- 90¾ 80 - Si 91¼- 93 93 - 95 92 - 95 91 - 95 Birm, Div., 1st, con.6 89 - 91 82 - 82¼ 83 - 87½ 79¾- 82 U.S. Cordage-Tr. rec. 19 - 23½ 25 - 31¾ HI¼- 24 28¼- 32½ 29¼- 30½ 25 - ,W¼ 19 - 25½ 14 - 20 tor 1st col,, irold,'24.6 30 - 32 30¼- 36¾ 29 - 31 U ,S, Leather-Deb,s,f.6 109}9-111¾ 110¼-112 110¼-lll¼ 111¼-113½ 110¾-112 110.¼-112 110%-112 108 -111 110 -110 111!,,(-112 108,¼-110¼ W. Union Telegrapb.... - ... 110 -110 .... - .... 106½-106¼ .•.• - .... 105 -105 187;j-1900 .. · • .. · .... 7 108 -108¾ . ... - .. . ..... - ... . 105 -105 105 -105 106 -107 . .. . ... • · •· •· • · •· Rcllistered. Col. tr., cur., 1938 .. . .; 105¼-106,½ 105 -108 106¼-107½ 106½-107½ 107 -108 107½-108½ 104 -105½ 101 -104 101¾-103 103 -10!!,ti 105 -108 .. _._ _ 68_-_ 68,_ _ 68½.:_68¾_-_ _ W. • L. E, &P. 'l-tsr.5 ··· - · · · 70!4- 71 .... - .... 66¾_-_7_1_ _ _ _-'-'-'-'-'------- -- - - -·-· ·-·- 111½-111¼ 98 - 98¼ 103¼-10! 100 -100 69½- 79¾ 25 - 25 83 - 85 88 - 89!,( :H¾- 27 111 -111¾ 106¼-108 _68~7t IS9?'. BONDS. JANUARY FEBR'RY. MARCH. ~~ ~~ JUNE. l_:_ULY. AUGUST. SEPT'BER. OCTOBER. NOV'BER. DEC'BER. _ _ _ _ _ _ _ _ _ _.,_L_ow_.H_ig_b Low.High Low.High Lowyigh Low.Hillh Low.High Low.High Low.Hillh Low.High Low.High Low.High Low.High Ala. Mld.-l11t, guar .. ~ .... - . .. .. .. - . .. .... - ... .. ... - .. . 77 - 79 79 - 80¾ 78¾- 80 Ann Arbor-1st, •9~,a-.4 74½- 80 A tcb. Top. & S. Fe.General, a-old, 1991>,4 79~- 81:J( 81¼- 82¾ 82 - 83¼ 78¾- 80hAdjustm't, g • 1991>. 4 43¼- 49¾ 45¼- 49¾ 43 - 47!};) , 41¾- 45½ Atl. & Dnnv.-ht, g ... ~ 90½- 90¼ 90½- 9~ . ... - .. . ... - .. . - ... . .. .. - ... . Atlantic & Pac.-lst ... 4 89½- 40 ¼- ¼ Y-1 J,(¾- 1 ¾- 1~ Income ................... 6 Baltimore & Ohiol11t, P. B . ...... ........ 6 lll;l:1-111~ .... - .••. 112}(-112¼ 109½-110 Gold, 192/j, coup .. : .. :} 92 - 93½ 91 - 91 92 - 9t 1 92 - 92 85~- 85~ Reaistered............. . . . . 91 - 91 Certif, of deposit..... . . . . <Jonsol., gold, 1988.. lj .. . . 96 - 97 B,&O,SW .-lst,1990 ... . 1993 ................. 4¼ ... . 98¾- 98➔.! .•• Cen. O. Reora-.con.4¾ .... •• . . 93 - 93 94½- 94½ . ..• Bait, .Helt-1st, a-u. I>. . •• • A. &e. Jc., ts,~s,c.off ... . Pitts & Con'lla. lst.4 ... . Beech C1.·'k.-SeeN, Y .C. B'way & '1th Av.-' 43,lj 116¼-118 118 -119 118¼-119~ llS¼-119~ Brooklyn Clty-Cons .. lj 113 -114 114 -11'- 114 -114 114 -114'A 76 - 79~ 70 - 73¾ 72 - 78 B'klyn Elt,v.-lst,'~4.6 72¼- 75 Trust receipt ■ .•...... . . . . ~-o ~-«~~-e 2d moTt., 191:i .... :J.lj . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 78 - 79 79 - 80½ 78¼- 80 82 - 85 79¾- 82 44¾- 47¾ 48¼- 51 llO -110 80 - 90 80 - 80 75 - 83 02 -102 07½- 98½ •... 106 -106 _ o-« 105¼ ·106:h 78 - 82½ - .. .. 82 - 83 ¾- 1 90 - 90 82 - 83¾ ¾ .... - ... .... - •... ¾- 106½-108 108 -110 107 -107¼ 107>,i-108¼ 108¾-101¾ . . .. - . . . . 78 - 80½ 80 - 80½ 'i6½- 76½ 78 - 78 - .... 78-78 .... 73 - 73 . • . . 82 - 82 82 - 82 99 - 99 60 - 60 9i½- 97½ ,19¾-120½ U4¼-115¼ 76 - 77¾ 74¾- 75}d 80½- 82% 80¼- 82 85%- 87¾ 85¾- 86¾ 86%- 90~ 86½- 81¾ 87½- 90 84¾- 87 54'¼- 58¾ 57¼- 60¾ 5:l¼- 56 49½- 56¼ 55¼- 58~ 57:jt- 61 97¾- 97¾ 97 - 97 94½- 94½ 116¼- 96½ . . . . - ¼- ···· - 80 - 84½ 83 - 84 99 - 99 97¼-100 79 - 80 80 - 80 - . . . 104¾-1Cl4½ .... - .... 103½-103½ .... - .... 100 -100 .... .... - 118 -119½ 119 -120¾ 120¾-120¾ 119 -120 119¾-120 120¾-120¾ 119½-120~ 115~-116 ll{¼-114¾ 115 -115 115 -115 85½- 85½ 82 - 82 75¾- 75½ i91 83 73½- 77¾ 77¾- 83¾ 80 - 86¼ 80 - 82¼ 79½- 81 74¼- 75 -e- ~-~ RAILROAD 94- BO DS. T i=.==============================================================================--==--:::, 1897-Continued. BONDS. MAY. ---- ---------- ---------- ----1-----1-----1----~---JANUARY FEBR'RY. MARCH. APRIL. 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 Low.High Low.High Low.High Low.High. ---------- - --- ---B'khn Elev.-(Oon.)- S.S.&B.B.,lst,~s.t.r • .... - ........ - ........ - ........ - ....... - ........ - ... . 60 - 66 67¼- 72½ 74 - 76 • • . . - • . . . . . . • - . • . • 70 - 73 78 - 78 80¼- 80¼ 83¼- 84¾ • . • • - . . . . . . . . - . . . . . . . - .... Union El.-lst,1937,6 69 - 72¼ 68 - 71 71 - 78¼ 75¼- 79¼ 76 - 78 75 - 75 73¾- 77½ 77¾- 83 79¼- 85½ 82 - 84 78 - 81½ 78¼- 82~ Trust receipts........ .. . . - .. . . . .. . - . . . . .. . . . . . .. . - .. . . 74 - 75 74 - 75 Brooklyn Rap.Trans.~ 78 - 79¾ 78 - 81 79~,- 80¾ 75¼- 76¼ 70 - 75¾ 72 - 84 83¼- 90¾ 87¼- 89½ 88 - 96¼ 87¼- 91¾ 87 - 00¼ 90 - 94 Buff. Roch. & Pittsb.General ................ ~ .. . . - . . . . 98 - 99 95¼- 98 96¾- 98 97¼- 98 97¾- 98 • . • • - •.•. 100 -102 100 -100 100 -100 100 -101 101),{-105 R. & P., 1st, 1921. .. 6 121 -121 120¼-120!4 122 -124 .... - .•.. 126 -126 126 -127 126¼-126¼ 122M-122"' 122¾-124 125 -126¼ 126¼-126¼ ..• - •..• Consol., 1st .......... 6 11~-118 118¾-119¾ . . • - ... . 119¾-121 • • •• - •... 118 -118 120 -120 • . • - .... 123 -123 121¼-122 . . . . - •.. . 122 -122 Cl. & Mab., 1st. gu .. ~ .... - ........ - ........ - .... 103 -103 ... - ... . .... - ........ - . . . ••• - .... . .. - ........ - ........ - •.. • •.• - •••• Burl. C.R.& No.-lst.:J 105¾-lM¾ 106¾-107 106¼-107¼ 106%-108¼ 106¾-108¼ 105 -106¼ 107 -108¾ 107¾-108¾ 108 -109¾ 107¾-108¾ 106 -109¼ 106¼-107 Consol. 1st & col. tr.~ 103 -103 102 -103 103¼-105 103¼-104 103 -103 103 -105¼ 104¾-105¾ ••• - ........ - .... 106 -106¼ 105 -105 106 -106 C.R. I. F. & N., lst .. ti .. . - ........ - ........ - .... 104 -104 .•.. - ..• .... . - •.•. ...• - .•....•• - •.• . .••• - ........ - .... .... - •... 108 -108 1st, 1921 .............. ~ .... - ........ - .... .. .. - .... 101¾-101¾ .... - •.....•. - .•...... - .... ..•• - •.. 102¼-102¼ .•. - .... 105 -105 .... - •.• CanadaSo.-lst,a-uar.:J 108 -110 109!1,.(-111 109¼-110½ 110 -110¾ 110 -111½ 111¾-113¼ 110¼-111¾ 110 -111 109¼-110½ 109¼-110 109¾-111¼ llllJ,(-113¼ 2d morta-age ........... ~ 105 -107 107 -108 104¼-105¼ 105 -105¾ 106 -106¾ 106¾-108 107¼-108 109 -109 105 -106¾ 106 -107 106¼-107¼ 107 -108¼ Rea-istered. .. .. . ... 104½-106 .•.• - •.....•. - ........ - ..• . • •• - ......•• - .•...... - ........ - •.••.... - ........ _ •.•.•••. _ ........ _ •.•• Cent. Ohio-See B. & O. Cent. RR. & B., Ga .. :J 94½- 9i¾ 96 - 96½ 93 - 94¾ 93 - 93 . ... - ........ - •• . . 90¾- 90¾ 92¼- 92¼ .... - . . . . 92 - 92¼ ••.. - . .. . 90 - 91¼ Cent. of Ga.-lst, '4~.~ .... - .... 112¼-112% 112¾-113¼ 112¼-113¼ 113 -113 113 -114¼ 114¼-115¼ 113¼-114 114¼-115¼ 115%-115¼ 115¾-116¼ 117¾-118\)6 Consol ........ .... ...... .. ~ 90¼- 90l}.( 90¼- 91¼ 91 - 92¼ 91 - 92¾ 80 - 89½ 86¼- 91 89¾- 93¾ 93¼- 9Ut 94¼- 95 93 - 94 89~- 90½ 90¾- 92 1st pref. income. . . ~ ... . - ... . .. - ........ - .... 28 - 29 26 - 28;1:( 28 - 34¼ 33¼- 38 37¼- 40 39¼- 52 40¼- 45 36 - 39½ ~ - 44 2d 1>-ref. income ...... . ~ .... - ........ - ........ - . .. . 9),{- 11 .... - . .. . 8¼- 11 10¼- 13¼ 12½- 15 14 - 18¾ 12¼- 16 11½- 13:':( 13¾- 15¼ 3d pref. lncome ... .. .. :J ... - ........ - .... .. .. - .... 5 - 5 ...• - .... 5 - 5¾ .... - .... 8 - 8¼ 8¼- 10 8 - 9¾ 7¼- 8 7¾- 9 Mac. & N. Div., l11t.~ .... - ....... - ........ - .... 91 - 91 - .... 94¼- 94½ 93 - 93 .... - ........ - .. . •. ... - ... . ..•• - .•....•. - .. • Mobile Div., 1st ...... :J .. .. - ........ - .. ...... - ........ - .... 94½- 94¼ 95¾- 97 95¼- 95¼ •••• - . ..... .• - .... .. • - •.•...•• - •••..... - ••.• Cent. of New JerseyConsol ., 1899 .. . ..... '7 106¾-107¼ 107¼-107¼ 108 -108¼ 106¼-107 ...• - .... 106¾-106¾ 106!.(-106¼ 106¼-106¼ 107 -107 104¾-104¾ •••• - •.•• 105~-105¼ Conv. deben .• 1902..'7 ... - ........ - ·· · ·1115 -115 .... - •....... - .•.. 113¾-113¼ ..•• - ..•..... - ....•••• - •••..••• - .. •. 112 -114: 113¼-1137,4 Conv. deben., 1908 .. 6 .... - ........ - .... 110 -110 . . .. - .......• - .•. . •••• - .•• •..• - •.••.•.• - •......• - ........ - .....••• - .. •••• - .•• Gen. mort., 1981 .... :J 115¼-116¼ l16¼-118 110 -116¾ 109 -112 106 -110¾ 108%-113¾ 111 -113¼ 113 -114 112¾-113¾ 112¾-113¼ 112¾-113¼ 112¼-113),{ Registered ..... ..... . :J 115¼-116¼ 116 -11':¼ 108¼-116½ 106 -109¼ 105 -109 106¼-111¾ 110¼-111¾ 111 -112 112 -112 109%-111 1,.09 -111 110 -111¼ Leh.& W.B.-Assent 1 104 -104¼ 104 -104¼ 90¼- 98 90 - 98 92¼- 97¾ 95 - 98½ 97 -100¼ 100 -102~ 101¼-102¾ 100 -101¼ lOQ¼-101 99¼-100~ Mort1rn.1re, 1912 .... :J ... - .. .. 89 - 90 78 - 80 .• . - .... 75½- 75¼ 78 - 78 78 - 78 ...• - ......•• - .... 84¼- 85 85 - 87½ 90 - 90 Am. Dock & Imp ...... ~ 114¼-115 115½-1163-11 114 -115!1:( 114 -114 114:%-115% 116 -116 ft3½-113¼ 113 -113¼ 114:¼-114¼ • . • • - .••. 115 -116 116 -116~ Centro.I Pacific· Gold, t81JS .... ....... . 6 100 -100¾ lOl;ls-102¼ 102¼-102¼ 102¼-102¾ 102¼-103¾ 103 -104!>( 101¼-101¾ 101¼-102 101¾-102¼ 101%-102¼ 102¼-103 102¾-113 San Joaquin Br'c~ ... 6 102 -102 103¾-103¾ 104¼-104¼ 101 -181 101½-101½ 102¾-102½ .... - .....•.• - .... ••.• - ....•... - .. .... .. - .... 101¼-101~ Land a-rants ............ :i ... - ....... - ... . ... . - . ... 99 - 99 96¼- 96¼ ..•• - ... . •.• - •••....• - . . .. •••• - .. •. •••• - ••• 99 -101 100¼-100¼ Ext., g., ser. A., '98.:i 99¾- 99¾ 100 -101 101 -101¼ lOCll:(-101¾ .•. - .... 103¼-103¼ lQ0¾-100¾ 10!)¾-100¾ 100½-101 101¼-102 ...• - . . . . 102 -102 Ext •• Ir•• ser. E., '98.~ .... - . ....... - .. ...... - .... ... - ........ 102½-102½ •••• - ••.. . .. - .. .. •.•• - •••....• - ........ - ....... - .•.. Speyer&Co.cfs.ofdep . ... - ....... - .... ... - ........ - .. . . ... - ........ - ... .. ... - ........ - .. .. .... - ........ - .. .. 100 -100 100¼-1~ Western Pacific ....... 6 100 -100¼ 101 -103 102 -103 103½-103¼ 102¼-103¼ 103 -103 . ... - •. ...•.. - ..• . •••• - .•.. 101¼-103 102 -103 104 -104 C.&O.Div.,ext .• '18.:i ... . - . ....... - .... .... - ........ - ... . . ... - ... ... .. - .. ...... - .... - ........ - ........ - ........ - .... 101½-101¼ No. ofCal., ~O Year .. ~ .... - ... 90¼- 90¾ l'O - 90¼ 87¼- 88 87¼- 88¼ 87 - 88 88 - 88 89 - 90 90 - 90½ 88 - 88¼ 93 - 94 96 -100 Cent Wash.-1st,6s,t.r . .... - ... . .... - ........ - ... . ... - .... .... - . .... ... - . . . . ... - .. . . .. . - ........ - ........ - . . . . 30 - 30 ...• - ... . Chesapeake & Ohio•• Purch. money fund .. 6 102½-103¾ 103¼-103¼ 103½-103½ .. .. - . • . . .. - ... . .... - .• .. 102¼-102¼ 102¼-102½ ...• - ••. . ..•. - .... 103¼-103½ 103M-103!1( eerlesA, iroldo 1908.6 119 -120¼ 119¼-120 120M-121¾ .... - .... 120 -120¼ 120¼-121¾ 121¾-121¾ 120 -120¼ ..•• - . •.. 116½-116½ .... - .... 119¼-120 Mor11rn.~e, 1911 .. .... . 6 118¼-119½ 119½-120¼ 121 -121 119¼-120 119%-120¼ 120¼-120½ 121¼-122¾ 120 -120 ... • - .... 118 -118 118 -119 119 -119 1st, con., ir., 1939 .... :J 107¾- 110 109¾-110¾ 110 -111¼ 110%-112 109¼-110¼ 110 -111½ 110¼-111¼ 110¾-112 111¼-113 111½-113 110 -112½ 111¾-114½ Reiristered .... ......... 107 -107 107½-107¼ 109 -110 109¼-109¼ 107¼-107¼ ••.• - •..•.... - ........ - .... 109½-109½ .••• - .....••• - . . 109½-112¾ General, 199:l .... .. 4½ 73¾- 76½ 75¾- 76¼ 72 - 74-U 72¼- 74 72¾- 73¾ 73 - 77¾ 76½- 79¾ 79:1:(- 85¼ 79¼- 83¼ 79 - 80½ 77 - SO 79 - 82¼ R.&A.D.lstcon.'89.4 97 -100½ 100 -101 100¼-104¾ 101¼-102¼ 101¾-102¼ 102¼-104 102 -104¼ 101 -103 100¼-102¾ 100¼-102¼ 101 -103¾ 104¼-106),{ 2d consol., 19S9 ... . 4 86 - 89¼ 89¼- 90 90 - 92 90½- 91½ 91¼- 9~ 93¼- 94 92 - 92 .... - .... 92 - 92~ 91 - 92 91 - 91¾ 91%- 95M Cralar Vo.I., 1st. '40 .. ~ .... - . ... .... - ........ - ........ - .. ..... . - ... ..... - .. . ... - . .. ... - ..... 97¼- 97¼ 97¼- 97½ 98 - 98 . . .. - •.•• Eliz. Lex. & B. S . . ..:J 100 -100¾ 101 -102¼ 99 -100 99 -100 99¼-100¼ 100 -101¼ lQ0¾-101 100 -103½ 100 -102¾ 100¼-103½ 100 -100¾ 101 -102 1 Chlcairo & AltonSlnklnir fund, 1903,.6 .... - .... .... - ... . ... - ... . .... - ........ - . ....... - .. .. .... - .... 113¼-113¼ 113 -113¼ .... - .... 112 -112 112 -112 L.&Mo.R.lst, 1900. 1 112!14-112¾ ...• - • . ...• •• - •.. . .• - .... 110¾-110¼ 112 -112 ..•• - ...... .. - .... 108 -108 109¼-109¼ 109¼-109¼ 110¾-110~ 2d, 1900 . ............. 7 . ... - ........ - ........ - ... .. ... - .. . . . . . - . . . . ... - ........ - ........ - ........ - ........ - .... 107).{a-107¼ ... . - ...• St.L.J.&C.,2d.,aru.1 . ... - ..... - ... . 104!1:(-104!14 .. . . - . .. . .... - . ... .... - ........ - ..•..... - . .....•. - ... .... . - ..•.••• - ........ - .. . Chic. Bur. & No.-lst.:J . ... - .. .. ... - ....... - .... 105 -105¾ 103¼-104¾ 104¼-105 106 -106 106¼-107 .... - ... . •.•• - .... 106 -107 107¾-110 Chic. Burl. & QuincyConsol. .. .. .. . . .......... '7 115 -116½ 117 -117½ 117¼-118 117%-118¾ 11$¾-119¼!119¼-120¼ 117 -117¾ 116¼-117¾ 116 -116¾ 116¾-117 117 -118½ llE¾-119¼ Sink. fund, 1901 .. .. . :i 104¼-107 . .•• - ... . 105 -105 I... . - .... 103 -103 103½-103½ - .... .... - . . .... . .. 103 -103 .. .. - ... . 103¼-103!1( Debenture, 1913 ... .. ~ 97 - 98 93 - 98½ 98¼-100 100¾-101 98½-11)0 100 -102½ 102 -103 103 -105 104½-105¼ 103 -105 101¾-104¼ 104¼-107 Convertible, 1903 ... :J 100¼-101½ 101¾-101¼ 99¼-102½ 100 -1~ 100½-102¾ 102"'-104"' 104½-106 106¾-110¼ 107¾-110¾ 106½-108 106¾-108¼ 110 -111 Iowa Div., sink. fd .. . :J . . .. - ........ - . .. 108 -108 105 -105 . ... - •.•. 109 -109 .... - .......• - . ... . •.• - ........ - ........ - .....•.. - •.•• 1919 . ...... ......... .4 98 - 98¾ .... - ••• . 100 -101¼ 98 - 99 98¾- 99¼ 100 -lOC½ 101 -101 .••• - .• . . •••• - .... 99½- 99½ •.•• - .... 102 -1023' Denver Div •• 192·l .. 4 94 - 96½ 93 - 93¾ 94¼- 95 I 94. - 94 9414- 95),,( 95¾- 97¼ . . .. - ... . .••• - ... . 99 - 99 97¼- 99 . ... - ..• . 99¼-101)4 19~1 ....... . ..... ....... 4 .... - ........ - .... - ... ... .. - . ... - •• · .... - .... .... - ........ - ........ - ....... . - .... 93 - 93¼ 93¾- 93¾ Nebr'skn.Ext.,1927.4 87¼- 88¾ 88¾- 90½ 90 - 91½ 91 - 93 90¾- 92 91¼- 92½ 92¼- 94½ 93¾- 94¼ 94¼- 95 94¼- 95¾ 93½- 95¼ 95½- 9$¾ Realste1·ed ..... ..... . ...... - . . . . t:9½- 89½ ...• .. 90 - 90 .... - ........ 91 - 91 ...• - .....••• - .....•.. - .. . ••• - ........ - •.•• Han. & St. J ., cons .. 6 119 -120 119 -121 118 -118 120 -120½ 120½-120¼ 120¼-121¼ 122¾-122¼ 121¼-122 ••.. - .... 118½-120¾ 121 -121 121:1:(-122 Chic. & Last'n I lllnolslst, slnkinar fund ..... 6 . ... - ........ - . ... 114¼-114½ 114, -115 . . .. - ••...... - ••...••• - ........ - .....•. • - ..... .. . - ........ - .•...••• - ••• • lstconsol., ,iold ....... 6 124¼-124¼ - ........ - ••.. 124 -125¼ 125 -126 126 -126 127 -127¼ 126 -128¼ 128 -128 .... - .... 126½-130 133 -133 Gen. mort., 1937 .... ;i 99 -100¼ 98%-100¾ 100 -101¾ 100 -101 99½-100 99¼-102 101 -101¾ 101¾-102½ 101 -102!14102 -103 100 -101¼ 101 -102 Registered ........... ~ .... .. .. - ........ - ... .. .. - .... 99½- 99½ .... - . ...... - ....••• - .... ••• - . . ...•.. - ........ - ... . .... - •••• Cblc.&ln.C'I Ry-1st.~ 99 -100 100 -100½ 98 - 98 ...• - •...••• - ..•. lQ0¼-100¼ 99 -100 100 -100¼ 100¼-101¾ 101}9-101½ ...• - ... . 100 -l()(P,.( Ch. I. & L.-Ret.,'4'7 .. 6 ... . - ........ - ... . .. .. - ... .. ... - ....... - ........ - .... 96 - 96 95¼- 97¼ 95 - 97 95 - 96 95 - 95 9tS - 97¼ Refundtnir, 1947 ..... ~ . .. - ....... . - . . ..... - ...... .. - ........ - ....... . - .. .. 80 - 80¼ 80¼- 83 83 - 83¼ ••• . - . ••. .•.• - .. .. 85 - 85 Chic. Mllw. & St. P.ltlt, P. D., 1898 ...... 8 107½-107¼ 103¼-1043-11104¼-104¾ 105 -105¼ 105¼-105¾ 105¾-106¾ 107¼-108¼ 103¾-104 102 -102¼ 102¼-102½ 102¾-103 103¼-103 2d, P. D., 1S9S.. . .. 7•3 128¾-130¼ 128 -128½ 131 -131¼ 131½-132 131½-131½ 135¼-137¾ 138¼-138¼ 138 -1~ 140¾-141½ 139 -140¼ ...• - ....... - .•• ht ,irold, R. D,1902.'7 126 -129 129½-130¼ 131 -132¾ 131 -132¼ 131 -131¾ 132¼-139¾ ••.. - •.•. 138¼-138½ - .... 140 -140 ••.• - .... 141 -14 1stl.&M.Dlv ..... .. . 1125¼-126¾128 -129 130 -132 131¾-132 ... - ..• .. .. • - •.•..••• - .....••• - .•. . ..• . - .....•.. - ......•• - •..... . • - •••• t11tl.&D.Dlv ...... '7 .. . . - ... . 128 -12ij¾133 -133 .. .. •. 130 -132 . . - ... ... .. - ........ - ....•.•• - ........ - ......•. - ..... . . - •••• ht C. & M. Div .... ... 1 126¾-126¼ ..•. - . ... 131½-132¾ 134 -134 •... - ..•. 135 -135 135¾-135¾ 138½-138½ .... - . ... 139¼-139¾ 139¾-139¾ 140 -140 Consol., t 90~ ......... 1 128 -131 131 -133 132 -134¾ 132¾-134:¼ 133 -134M 1347,(-139¾ 135%-137½ 137¼-139½ 139¾-14:2 139 -140¼ 140 -140 140!14-142 l11t I. & D. Ex ten . .... 1 130 -132¼ 132 -134 134¼·135 134 -134 135 -135¾ 136½- 139¼ 1367,(-137¾ 138¼-138¼ . . . . - ... . 130%-140 139¼-141 142 -143 1st So. West. Dlv ..... 6 1153-11-117½ 116¼-116¼ 116¾-116¾ t17¼-1 .. 9 118!-9-119 119¼-120½ 116¼-118½ .••• - .••• 118 -118 .... - . ... 11$¾-119 120¼-121~ let La C. & Dav ..... . :J 109 -110 ... - •... llQ¾-111¾ 110½-111 .... - .... 113 -113 .•• - ••••••.. - .... 114)4-114¼ . .. . - .... . . .. - .. . . ... . - •..• lllt So. Minn. Div . .... (i 115½-118 117 -118 117 -117½ 118 -119 119 -119¾ 120 -120¾ 117 -118 118 -118½ 118½-119 118 -119¼ 118¼-119½ 119¾-121½ ht H. & D. Div ....... 1 126 -126¼ 127¼-127~ 129 -129¼ .. . - •.. . 129 -129½ 130M-130¾ 128 -128¾ . • • • - ... 128¼-128½ 128¾-129½ 130 -132½ L35 -135 1st H. & D. Div ...... ~ 107¼-108 108 -1013 109 -109 . . .. - • . . . . .• - .. .. 110 -110 107¼-107¼ .• • - ........ - .... 109 -109 .... - . . .. . .. - . ..• Chic. & Pac. Dlv ...... 6 .... - .... 117 -117 W·¼-118¼ 120 -120 121 -121 1 21¼-121¾ .... - ..•..••• - ... . 119 -121 119 -119 . ... - .... 122¼-122½ Chic. & Pac. W. Div.~ 112 '-112~ 113 -1131J41113¼-115 115 -115¾ 115¾-116¼ 116¾-117¾ 115:1:(-116¾ 114¼-115¼ 114,¾-115¼ 115 -115½ 116¼-11631, 117¾-118¾ Chic. & Mo. R. Div .. ~ 106¼-110 109¾-110 109¼-110¾ 110 -111¼ 111 -111 112¾-113 •••• - .... 110 -111¼ 110 -110½ 112 -113 lW -115 114%-115 Mineral Point Div ... ~ 107 -107 .... - •••.... - .. . . .... - .... 108 -108 109 -109 .••• - •....••• - ...• 108½-108¼ 109¼-109½ .• . • - •••. 111 -111 Chic. & L. Sup. Div .:i . .. - ... .. ... - . . .. ... - ... 112 -112 •... - •... 114 -114 .•• - ••.. 113 -113 .... - .....••• - .•.. 115¼-115¾ 115~-117 Wis.& Min. Div ...... :i 11(%-111 111 -112 111%-113½ 113 -113¾ 113¼-114½ 113~-115 111¼-112¼ ..•• - ... 113 -113 ..•• - .... 114 -116¾ 116¼-116¼ Terminal ............ .. ~ 110½-111 111~-112 112 -112 113 -113¾ 118¾-114:~ 114 -115 112 -113¾ •••• - •.•. 112:1:(-113¾ 113 -114: 113¼-114¾ 115 -115¼ Fareo & So., assum.6 .... - . . . . . . . - . . . . .. . - . . . . . . - ........ - ........ - .......• - ........ - ........ - . ....... - . . . . . ... . . 130¼-lSO¼ https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis RAILROAD BO DS. 1891- <Jontinued. BONDS. J.ANU.All'J . l:rJCDR'RY. MARCH. APRIL, MAY. JUNll:. JULY. AUGUST. '31!:l'T1llER (IC'TODEn N"ov· n11:R DEC'BER. Low.High Low.High Low.High Low.High Low.High Low.High Low.High Low.High Low.High Low.High Low.High Low.High - - - - - - - - - - ,---·-· - - - - - - ---- --- Chic. M~ & St, P ,-( Con.) Dakota & Gt, So, .. .:5 107 -109 108 -110 110 -110¼ ll<>!J.(-111 ll<>!J.(-112¼ . . .. - .... 109¼-110½ 111 -111¼ 111½-lll¾ 110¾-112 .. •• - .... 113¾-113~ Gen. M,," A" 1989 . ..4 96 - 99 98½- 99¾ 99½-102¾ 101 -102 101 -102 102:)s-103¾ 101:)s---103¼ 102:)s---103 10~103¾ 103 -104 10:J¼-105¼ 105½-106 Mort, cont,, 8, f,,' 16.;'i . ... - ....... . - ........ - . ... .... - .... 106½-106½ .... - ... . 106½-106½ .. .. - ........ - . .. . ... - ........ - ........ - ... MU.& No,,lst,1910.6 118 -118 118¼-119 118½-118½ 119 -119 120 -120 118 -118 .•• - .. . . .. . - ....... - .... 120 -121 l~l -123 121 -12'~ l8t on ext,, 1013- .ti 118 -118 118¾·118¾ .... - .... . ... - ........ - . .. . ... - ... . . ... - ...... .. - ... 120 -120 .... - ........ - .... 121½-122 Ch, & N, P., 1st, t, rec. 40 - 44, 41½- 44. 41 - 43¼ 41¾- 42¾ H - !2¼ 41¾- 43½ .... - ... ..... - ........ .... - ... . . ... ... - • . . Chic, & Northwest'nCon8ol., 191;'i ......... 7 140 -141¾ 140 -141¼ 141 -142¾ 143 -145¾ 143 -U4½ 145¼-146¾ t46 -147 143 -144¾ 143 -144 U3 -146 142 -144 143 -145 Gold, coup,, 1902 .... , 116 -117¾ 117¾-118¼ 118 -119¾ 119 -120 119½-121¼ 117 -117½ 117 -117½ 117½-118 .... - .... 117½-119¼ 118 -118½ 115¾-116~ Gold, reir,, 1902 ..... . , 116 -116 ... . - .... 117 -119 118¾-119 116¾-119½ 116¼-117 .... - ... 118 -118 118¼-118¾ 118¼-118¼ 118¾-118¾ 115½-116 ISlnklna-fund,coup . .. .ti 114 -116 117 -117 119 -119 ... - ........ - . ... 117¾-117½ 117½-117¾ 120 -120 120 -120 115 -117½ 116 -116 .... - .•. Rea-lstered. . . ..... .. .. . ... - ........ - .... 117¾-117¾ .... - ........ - ... . .... 117½-117½ . ••• - ........ - ... . .... - .... 115 -115 .... - .. . Slnktna- fund, coup ... /J 109½-109½ 109 -109 111 -112 108¾-109 109 -111 111 -112 112 -113 ... - . •• . 112¾-113¾ no -111 110¾-111 110¾-111~ Rea-istered ...... ....... 108 -108 .. • • - .. .. . .. . - .... 106 -106 .. . • .. . . - .. . . . ... - .. • . • .. . - . . .. . . .. - ..•. 108½-108¾ lQS¾-10~ 109½-109~ Debenture, 1933 .... -~ 110¾-112 112 - 112 112 - 112¾ 112¾-115 112¾-115 115¾-117 117¾-117¾ 117½·117½ . ... - .... 117 -117 115½-115¼ 117 -117}i Rearlstered ..... ...... .; ... . - .... lll¾-111¾ 111 - 111 113½-113¾ 112½-112½ .. .. - ••...••. - ... .. .. - ....•... - .......• - ... . ...• - .... 116¾-116% 2.; yrs, deben., 1909 .;'i 106 -10~ 106¾-1071>4 107 -109 109¼-110 107¾-108 109 -110 109:k;-109¾ 109¾-110 ~ 10 -110¾ 109¾-110 107½-109½ 109¾-110 Rea-istercd ... .. ..... /J .... - .... .... - ........ - .... .... - ........ - ........ - ... . 1083'-108¾ ..•• - ... . •••• - ........ - ........ - . . . . ... - •.• 30-year deb., lMU .. ;'i ... - .... 1103'-111 111¾-112¾ 113 -113 110¾-111½ 112 -11~ 113¾-113¾ 115 -115¼ 116 -116 113 -113~ 113 -113 115 -115 Rea-istered ........... ;'i - ........ - ... . .... - .... .... . ....... - .... ... - ... ... . - ... . 114½-114½ .... - •• ..••• ... . ... - .. . Exten. bond8, 1926 .. 4 101 -103 10::l¼-103¼ .••• - . . • 103 -103¼ 103¾-104 103¾-104¾ 105 -106 104 -105 104¾-104¾ 104¾-104¾ 104¼-106 105¼-105~ Ott, C. F .& St.P,,lst.;'i . .. - ........ - .. ...... - .. ..... . - ........ - .... .... - ... .. .. - ........ - ........ - .... 109 -109 .••• - ........ - .. . Chic,& Mil,-lst ...... 7 104 -104 104 -104 .••. - ... 105 -105 .... - .... 106 -106 .... - ... . ... . - .... 103 -103¾ .... - . .... .. ••.• - .. . North, Illinoi8, l8t .. /J .... - .. . . . .. - ........ - ........ - ........ - ... . .... - ... .. .. - ... . .. - .... 108 -108 ... - . . . . .... - ... . ... . - .. . J.U.L, S,& Wlst,,'21 .6 131¼-132 132¼-132l}.( 132¼-133¾ 133¼-134 131 -131¼ 131 -133¾ 133)4-135 135½-135¾ 136 -136 137 -137 134114-135 1357-(-1363' Conv, deb, 1907.... ;'i 106 -106½ 105½-105½ .... - .. . ..... - ......•• - ... . .. .. - .. . .... - ... . .... - ........ - .... .... - . ... .... _ .. ...... - .. . Ext, & Imp,, s. f .. . . ~ 112¼-115 112¼-112'¼ 112 -112 112 -115 114¼-115 115 -115¼ 116 -117 114½-115¾ 115 -116 .... - .•.. 115 -116 US -118 Mich. Div., 1st ..... 6 ... - ...... .. - .... 129½-129½ 130. -130 130 -130 131 -131 .• •• - . . . ..., - ........ - ... ..... - ........ - ........ - .• • . Income, 1911 ....... . ... - .... .... - ........ - ........ - ........ - . ...... - .... 110¼-110¼ .... - ........ - ... . .... - ....... - ... . .... - .. .. Chic, R, I, & PacificCoupon ............... .. 6 128¼-128½ 129 -130 130 -131 132 -132 132 -132 134 -13l 131¼-132 132 -132¼ 132 -133 132 -133 131¾-133¼ 134¼-134Ji Re1rlstered ........... . 6 128¼-128¼ 128 -128 129½-130 130¾ 130~ .... - ... 132½-133 .... - . .. . • .. - ...... .. - ........ - .... 132!4-133 ..•• - ... . Esten, & collateral .. ;'i 101¼-103 103 -104 103¾-105¾ 104¼-105 104;14-105¾ 106¾-108 105!4-106½ 105¾-106¾ 105¼-106¾ 105~-106 105¾-107¾ 107¼-lO'il!{ Registered ..... . .... ii 100¾-101¼ 1.0l¾-102¼ 102¼-103¾ 103 -104 103½-103¾ 105!4-105½ 104114-105 103¾-105¾ 105 - 106 .... - .... 106 -107 104¼-107% Debenttn-e, 1921 ... .. .; 93 - 96 97½- 99~ 9o - 96½ 95~- 97½ 97 - 98 97¼-101¼ 100~-103 103 -104¼ 101½-105 102 -103 101½-105¾ 106)4-106¾ Keok, & De8 M .. lst.;'i .... - ... . 101¾· 102 103 -105 102 -102½ 101¾-101¼ 104½-104½ 103¼-103¼ .... - . ... .... - . .. . 102½-104¾ 103¼-103½ 104¾-107 D,M,&F.D.lst'O;'i.2¾ .... - ........ - ........ - ........ - .... 62¾- 62½ 64 - 64 64¼- 64¼ 70 - 70 70 - ':'O .••• - ........ - ... 6b¼- 68)4 Extension, 190:i ... . 4 .... - ... . .... - .. .. 83 - 83 .... - ........ - ... . .... - ........ - ........ - ........ - ........ - ........ - ........ - .. . 111t. 190;'i ............. 4 ... . - ....... - ........ - ........ - ........ - ........ - .... ... - ... 84 - 85 .... - .•.. 85 - 85 .... - •.•. 106¾-107J4 C,St,L,& P,-See Pa.Co, Chic, ~t.P, M1n,& Om.Consol., 1930 ...... ... 6 128 -129 129 -129¾ 130 -131¾ 130 -131 130½-133¾ 130½-132¾ 131½-132¾ 131 -132½ 131 -132 133 -133 134½-136¼ 133½-136 Chlc,St,P.&M.-ll!lt .. 6 130 -130 .... - .... 130 -130 131 -131 130 -130 130 -130 131 -131 131 -131¾ 131 -lill¾ 132 -132 129¾-129¼ 130 -130 St, P, & S, Clty-lst .. 6 130 -131 131 -131¾ 131¾-131¾ 1297-(-130 130¾-131 131 -131¼ 1313'-131¼ 131¾-131¼ 131 -131 .... - •... 129¼-129½ 131¾•13a Chic, Term'l Trans.Un. S. Tr.ctf8. of prop. .... - . . . . . .. - ........ - ........ - ........ - ........ - . . .. 42¾- 43¾ 43¾- 45¼ 44¾- 47¾ 44 - 46¼ 43¾- 45 44 - 4~ Chic, & West, Incl.Gen, mort,, 1932 ..... 0 116¼-ll~ ...• - .... 116 -116 117 -117 .... - ........ - ... . 119¼-119½ .... - .... 118¾-118¾ 118 -118½ .... - .... llP¾-120 l•t, 8, f,, 1919 ........ 6 .... - . ....... - .... ... - ........ - ........ - .... 106 -lOR .... - ........ - ........ - ... ..... - ... ..... - ........ - .••• Ctn, B, & Day,-S, f ... 7' ... - ....... - ....... - ........ - ........ - ........ - .. . .. .. - ........ - .... .... - . . 119 -119 . ... - ........ - ..•• ~d, arold, 1937 . ... . 4 ½ 102 - 102¾ .... - •... 103½-103¾ .... - ........ - ........ - .... . ... .... - ........ - . ... .... - ........ - .. • ... - ..•• Clo, Day, &Ir, lst ... ;'i .... - .... 108¾-109½ 109 -110 110 -112 107¾-108 .... - .. ..... - .... 109 -109¾ 112 -112 111 -112 109 -1_1 0½ 111~-111}4; C,I.S,L,& C, l Beer: ,C.C, Cln,San.&C. 5 & St, L, Cl, & Can-1st, tr.rec.; 72!1(- 74 .... - ••. . 70 - 71 68 - 68 70 - 70 68 - 68 68 - 68 67 - 67 68 - 70 70 - 70 67 - 67 68 - 71 Clev, Ctn. Ch, & St, L,General. ............... 4 . • • • - . .. . . . . . - . .. . . . . - • . . . .. . . - . . . . .. .. - . .. . • ... - . . .. . . . . - . . . . . . . . - . .. . .. .. - . . . . 84 - Si . .. • - . . . . . . . - ... . Cairo Div,, l8t ........ 4 .... - ... .. .. - ........ - .... 89 - 89 .... - ....... - ....... . - .. . .... - .... 90 - 90 .... - ...... - ... 89¾- 903' St,L,Dlv,, lat, 1990.4 92¼- 93½ 92~- 93¼ 94¾- 95 95¾- 96½ 94 - 95½ 94¾- 95¾ 94 - 95 95 - 95¾ 90 - 95½ 95½- 96~ 93½- 94¾ 94¼- 96 Rea-istered, ...... .. .... .... - ........ - ........ - ... . . ... - . . . . ... - ....... - •.. . . .. - .. . . .... - ........ - ....... - .... 92 - 92 93¾- 93l!( Cln, Wab, & M,, tst.4 88 - 88 87½- 87½ 88 - 88¾ 89J.,.- 89½ ...• - .. . .... - ........ - ........ - .. ...... - ........ - .... 88½- 88½ .... - . .. . W, W,Vav. Dlv,,lst.4 .... - .... . ... - . . ..... - ........ - ....... - ........ - ........ - ... ... . - ........ - . .. . .... - ....... - . ... 86½- Si!,t C, I, St. L. & C,, 1 st.4 98 - 98 100 -100 100 -102 tOl -102 100¾-101!1<( 101 -101¾ 101¼-101~. . . . - • . . • . . • - • . . 101 -102 100¼-101 . . . • - .. .• Oln.~an, &Cl,, 1st.I} 107 -107 .... - ..... ... - .... 113 -113 .... - ........ - ..... ... - . . . . . . - ..•..• .. 112 -114 .... - ........ - .. .. .Peo. & E,, 1st, cons .. 4 73 - 75 73 - 74~ 70 - 74 70 - 72 70 - 70 68 - 73 70 - 73y, 72 - 81 .... - .... 75½- 78 76 - 77 75 - 76 Incomes, 1990. .4 .... - . . . . 10 - 10 .... - ........ - . . . . • .. . .. ...... - .. . 15 - 15 15 - 21 .••• - ........ - ... . .... - . . .. . ••• lnd,Bl.&W,lstpf .. 7104½-104½106 -107¾ .... - ....... - ........ - ....... - ....... - ........ - ........ - ... . .... - .... .... - ....... - •••• Clev, Col. Cln. & Ind.1st, sinkinar fund ...... 1 .... - ... . 107¾-107¾ 108¼-108½ 109 -109 105¾-105¾ 1063' 106% 106¾-107 106¾-106¾ ••.• - .... 107}(-107¾ . .. . - .. . 10! -100 Con8ol,, 1914 ......... 7 131¾-132 .... - ••.. 133¼-133¼ 133¾·133¾ 1343'-134¼ 130 -134 .... - ........ - ...... .. - .... 135 -135 . . .. - .. . General consol ....... 6 123¼-124 .... - ... . ... . - ... 125 -126¾ 127 -127¼ .... - ........ - . •• . ... - •.. . .•.. - ........ - . .. . 128 -128 107¾-107),s, . . . . - ....... . C,&S.-lst.C,C,C,&I.'7 .. .. - ........ - ..... . .. - .... .... - ........ - .. . . . - ....... - ......... - ....... . Cl, Lor. & Wheel.-1st 102 -102 .... - .... 102 -102 .... - . . . . 98 - 99¾ 100 -100 .... - .... 103 -103 .... - . . . ... - .. . . . .. - ...... .• - ••.• Colorado MldlandJ,st, aiold, 6, tr. rec'pts 65 - 67¾ 67 - 67¾ .... - .. . eo - 60½ .... - .. . . 59¾- 62½ 62¼- 64¾ 63 - 66 64½ 66½ 62,ti- 64½ 61 - 63 62¾- 65 Con8ol, ti,, '40, 4, t.rc. 15 - 17 16 - 17 14 - 15½ 10 - 12 .••• - . . . . 5 - 7!-11 5 - 7 5¼-t12½ :1:11¾-*14 *10½-*15½ *15 -•21½ •193'-~ Col. & 9th Ave,-lst .. ;'i 117 -117¼ 117 -118 115¾-116 115¾ 116¾ 116¼-117 117 -11~ 118¾-120 119¾-119¾ 117¾-119¼ 117½-119½ 118¾-119 119 -121 C, H, Val, & Tol.-lst.;'i 68 - 88¾ 63 - 77½ 70 - 74½ a.~- 71½ 68¼- 68¼ ... . - ... 72¾- 72~ 74 - 74½ .... - •... 75 - 75 .... - ... . .... - . . . J.P. M, & Co. ctfs .. ....... - ........ - ... . .... - ... . .... - . . .. 66¾- 68 66½- 75½ 72 - 73¾ 73¾- 75 75 - 79 73 - 74}4 70 - 73 73¾- 75~ Gen. arold, 1904 ...... 6 63 - 87 411¾- 71 59½- 59¾ 50 - 55 50 - 50 50 - 50 50 - 53 55 - 59 .... - ........ - .. . . 52 - 52 .. - ..•• Del. & Bud. Cu.nal,Penn, Div., coup ..... '7 .... - ................. - .... 142 - 143 ... - .... 146½-146½ .... - ..• . 147½-14.7½ .. .. - ....... - ... . ... - ....... - •••. Rearlstered ..... ..... '7 . ... - .. . . . .. . .. . - .. . . . . . . - .... 143 -143 • . .. - .. . .. • • - .. . . .. . . - . . . . . • .. - .. . . • • .. - .. . . . . . . - • • • . . • .. - .. .. Alb,&Su11q.-lst,1ru., . ... - ........ - . ..... . - ... . .... - .... 122¾-12'~¾ .... - ....... - ........ - .•.. 124¾-124½ .. .. - . .. 122~-123 .... - ••.• 1st coup., aiuar ..... . 6 117 -118¾ 118 -118~ 118¼-118¾ 116¾-116½ !16 -117¾ 118 -118¾ .... - .. .. ... - ... 118 -120 115¾-116}4 llfl¾-116¾ .•.• - •. .• Rearlstered ......... 6 . .. . - .... 118 -118 116½-118 . .. • - ........ - . . . . . • .. - . . . . .. . - .. . .. . - . . . ... • - . . . . . . .. - . . . . . .. . - • .• . . . • • - .. .. Rens, & Sar.-lst .... 7146¼-146¾ 145¼-145¼ .... - .... .... . ... 145 -145 146;.i-146½ 148¾-148¼ 148¾-148¾ .... - .....••• - ... 143 -143 .... - ••. • Del. Lack.& West'n-'7 .... - ... ..... - ... 125¾-1!!5½ 128 -128 .... - ........ - ... . .... ...... - ........ - ... .. ... - ... .. - ........ - ... . Syr. B, & N, Y., lst .'7 .. . - .... 126 -127 .. .. - .... 123¾-125 ...• - . . •..... - ........ - .. . . .... - ... .. ••. - .•• .. - ........ - ........ - . .. Morrl8 & Essex, 18t.7 140¼-143 143 -144 14i¼-144 144. -144¾ 141 -144 144 -144 144 -144 142½-143¾ 145 -145 .. . . - .... .... - ... . 142 -143 Bonds, 1900 ........ '7 109½-109½ 109¾-109½ . .• - ... .. .• - ... lll½-112 .... - .. . . 109¾-109¾ 109 -111 .... - .... 111½-111½ 109 -109 .... - .. .. 1871-1001. .......... '7 .... - .... 114 - 114¼ .... - .. . . 112 -113¾ 113¾-113½. .. - .... ..• - ....... - . .. . ... - .... lll½-111½ .... - . .. . 112 -112 Consol., aiuar......... 7 140 -140 141 -141 141½-144 143½-144 144¾-145¾ 142 -142¾ 143¼-143¼ 145 -145 .... - ... 143¼-143½ 144 -144 142 - 142 N,Y, L, & W,-tst .... 6 .... - . ....... - . ... 136 -136,½ .... - ... . 137¼-138¾ .... - •... 138,¼-138½ 139 -139 .... - ... 138¾-138~ ... . - . . . 14.1 -141 Con8tructlon ........ .; 118 -118 .... - .... 116¼-116¾ .•• - ... . •• - .... 116¾-116¾ ..•• - .. . . 118¾-118¾ 116 -117 ... - ... . 118¾-118½ . ... - ... . Denv, & Rio Gr,-lst .. 7 111 -111¾ 111¾-l.l2 112 -112¾ 112 -113¼ 109¾-110¾ 110 -110 110¾-110½ ••• - ... . 110¾-110½ 111 -111¾ 108 -108 108¾-108¼ New consol, 1936 . .. 4 88 - 89 QS - 89 88 - 89 88 - 88¾ 87½- 88¾ 89 - 90 87¾- 89 87¾- 89 88 - 90 68¼- o9¾ 87¾- 90 89¼- 91~ Improvement, 1938.;'i 83½- 83½ 80 - 81 81¾- 82¾ .... - •.. . ...• - ........ - .... 85 - 85 85¾- 86 87¼- 87¼ 87 - 87 Si - 86 85 - 85¼ Des Mo. Unlon--lat .. ..;'i .... - ........ - ........ - •·· • .... - ........ - .... - • •· · .... - •·· •··· - ·•·· ···· - ···· ···· - ... ···· - · · • 95 ~- 96¾ Det. M, & M,-L, ar .. 3¾ 18 - 20¾ 20¾- 22 .... - ... . 17 - 18 18 - 18 18 - 19 18 - 19½ 19¼- 217-t 19¾- 20 18¾- 19¾ 17¼- 18 16 - 18 Duluth & I, R,-l8t .. . ;'i 100 -101¾ 99¼-100¼ 100¾-101¾ 98½- 99 98½- 99¼ 97¾·102 tOl¾-102¾ 101¾-103¼ 103 -105¾ 102J.l-1031):j 102 -103¾ 103½-105 Dul,S,S,&Atl,-1937.;'i 99½-100 100 -102 lOJ)~-102 100 -101¼ 101 -101¾ 104. -104 101 -101¾ 101¾-101¾ 102 -103 103 -103¼ 103}(-106 106 -106¼ 17. 'I'. V n.. & Gn..-See ~o. • All m1sessments va1d. ~ :id instalment vaid *2d instalment paid. + 1st Instalment paid. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis RAILRO D 96 BO :rn , . 1~97-Conliuucd. IIONDS. JANUARY FEBR'RY. MARCH •. APRIL. MAY. · J JUNE. ,JULY. A uGu T. -IEPT'BER.[ OCTOBER. Nov'BER. DEC'BER. Low.High Low.High Low.High Low.High Low.High Low.l:llgb Low.High Low.High Low.High Low.High Low.Rlllh Low.High -----------, -- - - - - - - ---- - - - - - - -· - - - - - - - - - Erleht, Ext., um,. .... .... , 102¾ -109¾ 108¾-109¾ 108~-109¾ 109%-108¾ .... - ........ - . ... . ... 1st, Ext., 1917 ....... 4 .... - .. ...... . - ... ..... - .. .. 111¾-112¼ 112 -112¼ ...• - •... 111 -112 lll½-113 110½-111 112 -112½ 2d, Ext., 1919 ... ...... ~ 11~-118¾ .... - .... 116 -117½ .... - ........ - .... 122 -122 .... - .... 117¾-117¾ l.19 - 119 .... - .... 116½-116¾ 3d, Ext., 1923 ....... 4½ 112 -112 ... - .... 112¾-113 112 -112 11~¼ -114¼ 115~-116 .... - . ....... - . . . 112¾-112¾ 112'i·112¼ 112¾ 112¾ .... - .. . 4th, Ext., 1920 .. ..... ~ .... - .... .... - .... 120 -120 118¾-118¾ 119½-120 k... - .... 12()¼-120¼ ... . - .... 120¼-120¼ 119 -120:½; .... - ........ - .. .. :5th, Ext., 1928 •.... .. 4 .... - ........ - ........ - . .. . ... - .... 103¾-103¾1.... - . . ...... - ..... . •. - .... lv4 -104 104 -105¾ .. . . - .. . .. .. - ..• 1st, consol., aold ...... '7 139¼-141 142 -HS¾ 139¾-140 139¼-140¾ 140¾-141¾ 1141¾-143 143 -144 144¾-144½ 142 -143 142 -143 HS½-114¾ l.H¾-145¾ 1st consol., a., tund .. 1 .... - . .. .... - .... 140 -140 Lonir flock cons.'3~ .6 133¼-134 .... - .... 13tl -1S6 134 -134 135 -135 .... - .... 135 -135 .... - ........ - ... 137¼-137½ Buff.N. Y.&E .-l8t.'7 l36J.4-136¾ .. . . - .... 137¾-137~ .... - ... 141 -141 .... Jeff'erson RR .• lst,ir.~ 106 -106 .... - . . . 106½-106½ .... - .... 107 -107 - . . . 104 -104x .... - . .. 106 -106 Chic. & E., 1st. g .. 4-~ 11(%-112 111¼ ·112 lll¾-111~ lll½-112 108¾-109½ 109 -110 109½-llOX! llQ¾-111½ Ill -111¾ 111 -112 109½-110½ llO},a-112 N.Y.&Gr.L.,llu.,ir .~ .... - ........ - ........ - ........ .... - ... . .... - .... 106 -106 105½-105~ ... . - ... . .... - ... . .Erie-ht cons. pr., ir . . 4 93¼- 94¼ 94 - 95½ 9!¼- 95¼ 93¼- 94¾ 88¼- 92¾ 89½- 92 89 - 90 89¾- 93 91½- 93¼ 90 - 92 9¾- 91¼ 90½- 93 1st con. ireo.l.,'96.3-4 62¾- 65 64¾- 66¾ 63!4- 65¾ 63¾- 65 62 - 63½ 63¾- 67 64¾ - 67 66¼- 72¼ 71 - 73¾ 70 - 72 69 - 70¾ 70¾- 72 ¾ Eureka Sprina-s-lst .. 6 ... - .... 52 - 52 65 - 65 Evans. & T. H.-Cons.6 109 -109 110 -110 111:)fi-112 110 -110 111 -111 .... - .... 108 -110 111½-112 114 -114¾ 1st, iren., 1942, gold.~ .... - . ... .f .. 70½- 75 76 - 76 .Flint & P. Mu.-lllort .. ti . ... 115 -116 114 -11! ... - .... 114 -114 114 -115 110¾-111 110¾-111 111 -lU¾ 1st cons., g., 1939 . .. ~ ... . - .... 82 - 82 - .. .. 80 - 80 .... - •... 80 - 80 .... 82 - 85 85 - 89 89¼- 90½ 84 - 86 86 - 89¼ Pt. Hur. Div., 1st . .. ~ .... - .... 78 - 78 - . ... 73¾- 73¼ 70 - 77¼ 77 - 79¾ 80 - 86 - •... 76 - 76 78 - 82¼ Ft.St. U.D.-lst,'41.4½ .... - ........ - .. .. 105¾-105¾ .... Ft. W. & D. C.-ht.4 -ti 63 - 57¾ 57¼- 68¾ 57 - 59¾ 65 - 57 56¾- 58¾ 65¾- 67½ 66 - 67 66¾- 70 69¾- 76 67 - 73 68 - 70½ 68 - 72¾ Ft. W. & Rio G.-ht .. ~ 43 - 46½ 41 - 43 43½- 43½ . . . . - . . . . 48 - 48 1st, 19~8 ............ 3-4 .... f>2 - 63½ 52¼- 57½ 56 - 57¾ 5i½- 60~ 58½- 58¾ 57¼- 57"' 65 - 58½ Galv.H.&H.of'S2.. ~ ... - .... 85 - 87 87 - 87 - .... 84-84 84 - 8! ~6 - 87 87¾- 88 .... - .... 88¼- 91 Galv. Har. & San An.1st, 1910.. ... ..... ...... 6 ... . - .... 104 -104 - .... 103 -103 .••• - .... 108 -108 .. • . - . ... 106 -106 . • • • ~d, 190~... .. .... . ... '7 . .. - .... 100 -100 .... - .... .... - .... 100 -100 102¾-104 ...• M. & P . Div., ht .. .. ~ 89½- 91¾ 90¼- 91½ 89!1:(- 91¼ 90 - 90¾ 88 - 89¼ 88¾- 89½ 811¾- 90:J:1 90¾- 91!1:j 91¾- 92¾! 92 - 93 90¼- 91¼ 88½- 92 ¼ Ga. & Ala.-lst pf .. ... ~ .... - .... 102 -102 102¾-103 103 -103 . . . . Ga. Uar. & N.-ht,au./i .... - .... 83 - 83 .... - ... . 83 - 8! Ga. Pacific-See ~outh'n H & St.J.-SeeC.B.&Q. Housat'c-Con.,193'7 .. ~ 125¾-126¼ 125!,.(-125¼ .... Rous. & Tex. Cent.1st, gold, 193'7 . . . .... ~ 106½ -108¾ 108 -109~ lOS¾-109¾ 110 -110 110 -111 lll:}s-112 109¾-109¾ 109~ 110½ 110 -110 110 -111!1,t 110¾·112 112¾-112¾ Consol., gold, 1912 .. ti 102 -102½ 104 -104 102¼-104 99¾- 99¾ 102¼-102¼ 105 -105 . ... - ... . .... - .. . . ... - .... 107¾-108 General, irold, 1921.4 66 - 66 66 - 67~ 67 - 70 65¾- 66½ 66 - 68¼ 67¾ - 68¾ 68¾- 72 71 - 75 74 - 76¾ 73¾- 77 77 - 80 78 - 81 Debenture, 1897 ..... 6 .... - ........ - . . .. 99¾- 99¾ . ... Debenture, 1S9'7 . . ... 4 94 - 94 94 - 94 96 - 97½ 95 - 95 - . . . . 98 - 98 100 -100 Illinois Uenrrallst a-old, 19~1. . ... . . .4 ... 110 -112 112 -112 - .. . 110 -112¾ 110 -110 113 - 113 Registered ............. . ... - .. 112½-112¼ .. .. Gold, 19~2 ............. 4 102 -102 103!,4-104 104¾-104¼ 101½-102 101½-102½ 102 -102 .... - .... 104 - 10! 103½-103½ 102 -103 101¾-102 103½-103½ Reiiistered ..... ............ ... - . . 102¼-102¼ .... - .. . . ....... - .... .... Gold, 19~3 ........ .... 4 99¾-103 101 - 101~ 101¾-101½ 1007'( -101 101}.:1-102 101),(-101¾ 101¾-101¾ 101¾-101¾ 101½-101¾ 100¾-101½ 99½- 99½ 101½-101½ 1st, gold, 19~1 .. .. .. 3½ .... - . ... 101 -101 2-10, 1904 ............. 4 .... - ..... . .. - . . . . . .. 99 - 99 . ... - .... 100¼--100½ . . .. - ........ - . .. . 99 - 99 .... Western Lines, lst ..4 103 -103 100;14-100¾ 102 -103¼ 101>11-103 103 -105½ 105},a-105¼ 10! -105½ . ... - . . 101½-lW 102 -104 L03¾-104 l04 -104 Springf. Utv., 189~.6 .... - ...... . - . . . - .... 1017-(-101¼ .... C. St. L. & N.O.,ir.cp.:i 118½-120 121 -121 122 -122!4 .. . - .... 122½-123 123 -123 123 -123½ . ... - •... 122¾-122¾ . . . . Registered......... .. - .... 119½·119½ .... - . ... 118¾-118¼ .... - ........ - . ... .. . Teun. lien, 189'7 ... 7 .. .. - ... . .... - .... 102¼-102½ . ... 1st, con .• 189'7 .... . . '7 . . . . - ... . 104}.a-10!¼ . . . - .... 102~-1027-1 102½-102½ 102!1:(-102¾ .. . . - .... 103 -103 .. . . M.em. Div., 1st, ir ... 4 .... .... - .... 103:}s-103¾ . ... - .... .. - •.. 103¾-103 ~ Jnd.D.& Spr.-Tr. rec.f 27 - 27 35¼- 35¼ ... - ..... .. - ........ In. D.& W.-lst,g.,3~ ~ 99 -100 LOO -100½ 101 -101 101 -103 103 -103 103 -10'1 102½-104½ 10!¾-105 105 -105 - ... . 102½-10! 105 - 105¾ Ind. lll.&Io..-lst,'39.4 .... - ... . 88 - 88 - .... 86>1i- 86½ .... - . .. . 88 - 88 lnternat'l & Gt. No.1st, 1919 .. ... ...... . .. . 6 117~-119½ 119 -119¼ 118¾-119½ 119 -120 117 -118 119 -119½ 119¾-120½ 120 -120½ 120¾-124 119 -120 118½-118¼ 118¾-121 2d, 1 909 ........... 4 ½-~ 73 - 76 79 - 80 76½- 77½ 7! - 74¾ 74 - 76 75 - 81 80¾- 83 83¾- 86 85 - 86¾ 84c - 84 83 - 85 3d, 19~1. .... .......... 4 25¼- 21 28 - 31 ,rn¼- 31½ 30 - 31 so - 31¾ 31½1- 42 40 - 43 ,1,3 - 47 45 - 48 43 - 45 43 - 44 44 - H 1 Jown. Cent.-lst, a-old .. ~ 96 - 97½ 95¼- 9li 92 - 96 88 - 92 89¾· 90¼ 89 - 93½ 94¼- 95x, 95½- 9i½ 97½-100 97 - 9o IJ7¾-100½ 97¼- 99¼ Kan.& lU.-&e T.&O.C. K.C.P.&G.-lst&col.~ .... 79¼- 82¼ 77¼- 80½ 78½- 83 78 - 82¾ Ken. Ceot.-See L. & N. Kings Co. El.-1st, A.~ 45 - 45 44 - 49 49¼- 50¼ 48 - 48 49 - 50 46 - 48 53¼- 57½ 58¾- 60 57 - 60½ 57 - 57~ Fulton ~I., 1st, guar.~ ... 40 - 40 41 - H . ••. - • . . . 40 - 40 38 - 38 38 - 38 40 - 40 45 - 49 40 - 41½1 39¾- Sil~ 36 - 40 L. Erie & West-1st ... ~ 113¼-115!>( 113~-115½ 115¼-115½ 115¾-117 115 -117 117 -118 115 -l.t5J,, . ..• - •... 116 -ll6¼ 116 -116 116 -118 l17¾-118 2d . .. ................... . . ~ 100½-101 100\1:(-102 102},a-102¼ 101¾-102¼ 101¾-102½ 102 -102½ 99½ 100½ LOl -102 101 -103¼ 102 -102¾ . ... - .... 102 -104 North Ohio, 1st ...... ~ 103 -104 103 -103¾ 104 -104 101 -101 101 -102 .... - •.. . ll Q½-100½ .... - .... 97½-102 99½- 91Jh, 99 - 99 L. Sho,e & Mich. :,;4o.Dtvtdend ...... .......... 7 107¼-108¾ .•.. - .... 110 -111 107 -107 107½-107½ 107¼-107¾ .... - . . . ..... - .... 107 -107 104¼-104¼ 104½-104½ l06¾-105iij Buff. &Erie-New .... , .... - ... . . - .... 106¼-107¼ 103¾-104 103¾-104¼ 104¼-104¾ .. .. - ....... - .. .. 104½-104¾ 101¾-101¾ 1021.(-102¼ .... - .. Det. ll'Ion. & T., ] Ht ..,. .... - ........ - .. ..... . - ........ - ....... - .... .... - .. ...... - ........ - ........ - .... 120½ ·120½ .... - ........ - •.. 1st con., coup .......... '7 110¾-111 ill -111¼ lll½-113¾ 112½-113¼ 112¾-113¼ 113 -114 109¾-109¼ 109¾-109¾ 109¾-109¾ 109¾·110½ 110¾-111 111½-111¾ tst con., reir ......... ... 1 llQ¾-110¾ 111 -111¾ 110:l,t-113X! 110¾-111¼ 110½-lll¾ 110½-112¼ 109:J,j -109¼ .... - ... . 109¾ ·1011¾ 108 -108¼ 1~-109¾ 109~-l\/9¾ 2d con., coup .......... 1119 -119)4 119½-119¼ 119¾-12'1¼ 123},a-123¼ 123 -123% 120¾-121 . ... - ... . .. . - .... . .. - .. . 120½-120½ .. .. - .... 119 -119 ~d con., rea .. .......... 1 118¼-119)4 119¾-119½ 123 -121¼ 123 -ll::<l¾ 120 -123% 120¼-121½ 120½-120½ 120 -120 120 -120 119¾-120X! .... - .... 118¾-119 Gold, 190'7 .......... 3 ½ . ... - ... . 103¾-104 103¾-103% 10$¾-104 102½-103% 10'.:½-104 104 -105¼ 103½-104 ~ Re,rl,.tered . . ....... .. .... - .. . . .. . - ... . .... 102½-103¼ 103%-100¾ 104 - 1 5~ . . .. - .. . Ctn. & Spring , 1st . . '7 .... - ........ - .... .. . . - .... 109 -109 - ........ - ........ - .... 109 · 109 - . . . 108¾-108¾ Mo.honin&r Coo.I, 1st.~ . . .. - ........ - ........ - .... . .. . - .... .... - .... 125 -L25 Leb.V.,N.Y.-htgu.a.4¾ 100¼-101¾ 101¼-101½ 99 - 99 92½- 96¼ 9! - P6 95¾-101 98½-100¼ 100½-101 101 -101 101 -102"2102¼--103¼ 103¼-103¾ Leh. V.Ter.lst,1941..~ 111 -111½ 110 -111 lue¾-111¾ 106 -108 108¾-109 108½-110 110 -110¼ 110 -112 .. .• .• - ... 109¼-ll,O 111¼-111¾ Reglsrered . . . . . . . . . . ... . - .... 106 -106 107¼-107¼ 107 -108½ 109½-109½ .... Leh. Val. Uoal-lst . ... ~ .... - .. . .... 96¾- 96¼ .... Leh. & N. Y.-lst, iru.4 93 - 93 92 - 93½ .... - .... 90 - 90 .... - .... 90 - 90½ . . .. - ... 90 - 90 91 - 91 1!:I. Cort. & No., au .. ~ 99 - 99¾ 99¼- 99¾ .... - •... 101 -101 Lex. Av. & Pn.v. Fer.. ~ 116¾-117¼ 117 -118 115¼-116 115~-116½ 116 -117 117 -118% 118¾-120 119 -119¾ 117¾-118½ 117¾-119½ 119 -119¾ 119 -121 Lonir bland- ,. 1st, 189&....... ........ '7 105¼-105¼ tQS¾-105!1! 106¼-106¾ .... - . . •. 1037'(-103)4 .... - .... 103¾-10!¾ .... - ••.. 104¾-10!¼ 104 - 10!¼ 101½-lOll}i. ... 1st. consol, 1931. .. . .. ~ 113_ -117:J.i 116 -116 ... - .... .. .. - ... . 119 -119 117 -118¾ 117¾-117½ .... - .... 11~ -118 116 -117½ . .. . ll6 -117 Ferry, 1st, 1922 . ..4½ .... - . .. . 84c - 89 84c - 89 83¼- 33½ 33¾- 83!,d 84, - 84 85 - 89 88¾- 90 91 - 92½ 89 - 91 90 - 90 90 - Ill Gen. mort., 193~.... 4 76½- 87 87 - 88 87½- &:l½ 87¾- 87¾ 88¾- 68½ 86¾- 87¼ 85 - 85 87 - 88 90 - 91 84 - 86 8! - 84 N. Y, & R, B., 1st, ll ~ . . . . - . . .. . . . . - . . . . . . . . - .... lOO -100 . .. . - . .. . . • . . - . . .. .. • • N. Y. B. & M. B., 1st.~ 10~½-106¾ 107½-107¾ .... - .... 103 -105 - .... LU7½-107 ½ - •... 105¾-105¾ 105¼-105¼ 105½-106½ . ... LouittV• Ev. & St. L.Cons/ ~8, Trust rec ... 34 - 3!1 30 - 33 .... 31 - 31 so - 30 .. . . - • • • . so - 30 . . • . - . . .. 35 - 36½ 36 - sa 36 - 36 Gen'l, 1943, irold .... ~ .... 9¼- 9¼ .... Louisville & No.shv.Consoltdntrd . .. . . .. . , 105 -105¼ 105¼-lOn½ 105¾-106~ 102¾-103¼ 103¼-103¾ 10~¾-104 104~104¼ 104¼-104~ 1041-6-104¾ 101 ¼ •101 ½ 101 -102 102¾-102 ½ f Trust rects . ex. bonds. t 1st Instalment paid. i 2d in t alment paid. * All assess:nen '. s rai1. § 3d instalment paid. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis RAILROAD BO TD 189?'-Continued. BONDS. JAN UARY FEBR'RY. MARCH. APRIL. MAY. _ JULY. JUNE. AUGUST. $EPT'BER. OCTOBER. NOV'BER.i DEC'BER. Low.High Low.High Low.High J,ow.High L o w.High Low.High Low.High Low.High Low.High Low.High Low.High Low.High ----------- - - - - - - - - - ---- ---- - - - -· - - - - - - ·-- - --- --- j !Louis. & N n sh.-( Con.). . .. - ... 103 -1◊3 106 -106 ..•• Cecilin.n Branch .. ... ? . ... _ 120½-121% 120½-121 119¾-119% -120 120 -119 119 122½-123 120½-121~ 120¼-120½ 119:J:!-120¼ 119:J:f-119~ -119½ 116 6 ..... Mob-1st N. O. & ~d ...................... . 6 93½-101¼ 102 -103 102½-108¾ 108 -103 108 -103 .... - ... . 102 -102 107 -107 .... - . .. . 107 -107 - ... ... .. - ........ - .. . . 113 -113 113 -113 E. H. & Nash., lst ... 6 . ... - .... 113¼-113~ . ... - .... 114¼-114¼ 115 -115 - .... 117¼-118 118 -118¾ 116 -117 116¼-117 116¼ 117 1161.,!-117 117½-119 118 -119 116¾-!.17 General mortgage ... 6 llfi¾-116½ 11(3%-117 - ........ - ........ - ... 102 -103½ .. .• Penaacola Div •.. .. .. . ti 106½-108½ .... - .... 121 -121 .••. - ........ - ........ - ......•. St. L. Div., 1st, '21..6 .... 110 -110 Nash. & Decatur... .. . , .... - .... 110 -110 .... - •. .. 107)4-107¼ 109½-lu9½ 110 -110 107½-107½ 1CJ7½-107½ . ... 99 -100 102¼-104 105 -105 108 -108 98 - 99 9tl½- 97 95¾- 95¼ 95 - 98 Pensac. & Atl.-lst .. 6 100 -100 97 - 97½ 97½- 98½ .... 97¼- 97¼ 99 - 99¾ - . . 100½-100½ 101 -101 :i0-year, gold, 1931./J 97 -100 100 -100 99 - 99% .... - ... 95¼- 95½ 96½-100 84¾- 87¼ Unified, gold, 1940 .. 4 78¼- 80% 79¾- 81 79~- 80¼ 79 - 80 79 - 80 80 - 82¾ 80½- 83½ 83 - 81% 83½- 85½ 83 - 8!1'.¼ 84 - 85 99¾-102 ½ ·100 9 . . .. -103 103 .... ........ ...• 99½ 99 ... . -101 101 -103 103 -10~ 102 .... . .... ~ . .. 1931 g., Col. trust, - .... 106¼-106¼ .... _ ... ..... L.&N.&M.&M.lst4½ ... - ... . . ... - .... 104½-104½ .... ~½- 88¼ 87 - 87.½ 88 - ES ...• - .... 82½- 82½ 81 - 84 Nash.Fl.&S.,lst,gu.~ 85 - 85 ... . 93¼- 93½ 92¾- 92¾ 98 - 94 So.& No.Ala.con.gu.:i 92¾-. 94½ 91 - 91½ 91¾- 91¾ .... - .... 91¾- 91¾ .... - ... . 92½- 93½ .... - .... 93½- 94 87¼- 88¾ 86½- 89 6¾- 89 Ken. Cent., 19S1 ..... 4 89 - 90 85 - 00 85 - 87¾ &6 - 86¾ 86¾- 88 89 - 89½ 87 - 88 87 - 87¾ •••. Lou. N. A. & Ch.-lst .. 6 ·111 -112 112¼·112¼ 112¾-112¾ 113 -113 114 -114 115)4-115~ •••• - ... . .... - ••.. 112 -113 113 -114½ .... - ... 114 -115 B<l - 91¼ 91¼- 92½ ...• - . . .. . .. 81 - 84 83 - 84 St - 84 Con., g., 1916, ti, t. 1·c. 82 - 85 85 - 85 Gen.g.,1940,~,t.1·ec . .. . . - .... 42 - 42½ 43 - 43 .... - . ... '14 - 44 45 - '15 .... - . .. . ... Manhat.-Con,, 1990.4 93 - 95 93½- 95¾ 93½- 9<i!J,! 91½- 92¾ 92½- 920 93¼- 95½ 95½- 96½ 96 - 97~ 96 - 97 93 - 94½ 93½- 95 9<l¾- 96 Metropol.Elevat.-lst.6 116¾-117½ 117½-ll~ 118½-119¼ 119 -119¾ 119¼-120½ 120½-121 117¼-118¼ 118 -118 118 -118¾ 118 -119 118½-119½ 119¼-121½ 'Jd, 1 S99. .. . . . . . . .. . . ti 105 -100 106 -106¼ 100~-101 106¾-107¾ 104½-105 104¼-105¾ 105¼-106 105¾-106 io5 -106 105½-106½ 102½-103½ 103¾-lW Diet. St. Ry.-Gen'l.. .. :, .... - .. . . ... - ........ .... 109:J,(-110 109:1(-113 lll¾-113½ 67 - 67 Mex. Cent'I-Consol. .. 4 68¼- 68½ .• . . - •....... .... 66 - 66 69 - 69¼ . .•. Mex. Int.-lst.1942 .. 4 71 - 73 70¼- 71 Mexican N n.tional9 - 10 10 10 ti .... "B" 2d, Income, 10¾- 10¾ 13 - 13 .... Mex. North'n-lst .. .. . ti 95 -100 97 - 97 Mich. Cent.-lst, cons ..1116½-116½ 116½-117 117 -118 117½-119 116 -116½ 116)4-117 116¾-117 116 -116¾ 116 -116¾ 117 -117½ 113¾-lU lH¼-115 1909......... ... .. .. . . 6 .... - . . . . . . . . - •••. 120 -120 - .. . ·... - • • · • • • • • - · ·. · · • • • - • •, · · .. • - . . . . . . . . 1st, consol ............ :i .... - ... . 107 -107 108 -108 107¼-108 - .... 105¼-106¾ 107 -107 107½-107½ . ... - •. .. 107½-107½ 105¾-105¾ 106 -106¼ .... :i ... .......... . 19Jt ....... . ... 121 -121 125 -127 . . . 120 -120 . . . • 120 -120 . .. . .. . . Registered ........... :, .... . . . 121 -121 . . . . . . • . - . . . . ••. • - .... 105½,--105½ . ... Mortiralle, 19!0 ...... 4 .... M.L.S.&W .-see C.&N. lll. & N.-SeeC.M.&S • .P. Mlnneap. & St.L.-lst.'7 137½-140 ••.. - ........ - ........ - ........ - ••. 139 -139 1'13 -1'13 .... - ....... - ... . .•.. - .... . .. 1st, con., 1934, g ... . :, 100 -103 102¾·103¾ lC\2:J:!-103¾ 103 -103~ 101 -102 101¼-103% 103½- 105 lO<l¾- 106 105½-106¼ 105¾-107¼ 105 -106¼ 106¼-106½ - ... . 127 -127 123¾-123¾ . . . - . . . . . . . I own. Extension ...... ? . . . . .Pacific Ext., 1st ...... 6 120 -120 .... - .... 121¾-121!1,i 121:J:!-121¾ 121¾-121¾ .... - .. . ... - .... 121!,-.i-121¼ .... - ... . ltlo. Kansas & Texas1Bt, 1told, 1990 ........ 4 82 - 84½ 83¾- 34½ 82)4- 85 82 - 84 83¼- 84¾ 83 - 84½ 83½- 87 85½- 87 85½- 87½ 85¼- 86½ 85¼- 88¾ 86 - 87¼ 62)4- 65¾ 58½- 64½ 58½- (l:l~ 62¼- 6<l¾ 2d, Income, 1990 .. .. .4 59¾- 63 58¾· 61 56 - 60~ 55½- 57¾ 54¾- 59¼ 59¼· 62½ 60¼- 64¾ 61%- 64 85 - 85 l8t, exten., fl., 1944.:i .... 81½- 83 79½- 83 80 - 81 79 - 86¾ 82½- 8<l½ 80 - 83 75 - 80 75 - 75 M. K.& T. ofT., lst .:i 74 - 79 78¼- 80½ 80 - 80 67 - 67 68 - 08 K. C. & P.,lst, 1990.4 ... . - ... . 63½- 70 69 - 69 69 - 71¾ 66¼- 66¼ . ... 82¼- 82¼ 80 - 80¾ 78¾- 80 83 - 83 81 - 82 72½- 72½ 76 - 76½ 78 - 80 76 - '17 Dn.11. & W ., 1st, '40.:i 77 - 77 .... Mo. Kansas & East'n91¼- 92½ 93 - 95 93 - 95 98½-100 91 - 94½ 95 - 98 90 - 92 92 - 93½ 90½- 91½ 88½- 92 lst, 1942 .... ........... :, ll2 - 95¾ 9<l - 95 Missouri .Pn.cificlst conBol. ............... ti 86 - 87½ 85 - 86¼ 76½- 85 71 - 75 96 - 98½ 91¾- 9<l½ 89 - 90¾ 90¼- 96 91 - 95 68 - -:-0¾ 70 - S3½ 83 - 92 3d, 1906 ............. . .. 7 105 -105 lOt -102 98 -102¾ 99 -100 - •... 100 -100 lO<l½-10!½ 106 -106 106 -110 109 -110 105 -105 106¼-107 Trust, gold, 1 911 ... ..} .... - .... 70¾- 71½ 70 - 7<l½ 65 - 65 65 - 72 58 - 65 - . . . . <lO - 42½ 43 - 58 52 - 53 65 - 71¾ 63 - 63 1st, coll at., ll•• 1920.~ 65 - 70 65 - 65 .Pn.c. ot Mo.-lst, ext .. 4 100½-100½ 101 -101¾ 100¼-101 100 -100½ 100 -100¾ 101 -102 103 -103 101 -101 101 -101 100½-101 101½-102 1021):(-105¼ 107½-108½ 109 -109 2d, 193S, ext . ... ... :i 101½-103¼ 103 -103 103 -103 100 -100 1()1J4-102 101 -102¾ 100¾-102 102 -102 103 -106 . ... St.L.& I.M,.lst,ext.:i 102¼-103½ 100)4-102½ 102-'-(-103~- 101½-102½ . . .. - .. . . . •. ~d, 1S91 .... . . . ... . .. . '7 101½-102¼ 102)4-102% 102¾-103½ 103 -103¼ ... . - ... . 107 -107 106½ -107 105 -105½ 107¼-107¼ 106 -106¾ - .... 104 -10'1 103 -103 103 -104½ .... ArkanBas Br., ext .. /) . ... - .. .. 104 -104¾ • ... - •... 104¾-10-1¾ 108 -107 107 -107 107 -107¾ 107¾-108¼ l8t ext., 1941 .... 4½ .... - . . . ... - ...... .. - ... ... . - . . . . •. . . _ Cairo Ark. & Tex .. ? 98 - 98 101 -102 102 -102½ . . . 85¾- 89 70 - 80¼ 79 - 83½ 82¾- 87½ 87¾- 90¾ 83 - 87½ 82¾- S7 67½- 70 Gen.consol. & 1. g .. ~ 73½- 76½ 75 - 77½ 73½- 76 70 - 71 1 85 85 87 87 87 Bl½82 79 77 68 74 ?a½.... Stamped, guar . ... :, Mobile & OhloN ew ...................... 6117 -118 ll9 -119 llB¼-119 119 -119 120¼-121 ll8),;(-118 119¾-120 120 -120½ 120 -121½ 122 -122½ 122 -12'1 120•-121½ ll<l -114 •... - . ... 117 -117 . . •. - .•.. 119 -119 - ... . .... - •... 112 -112 1st, ext., 1921 .. ...... 6 .... - ........ - .... 112 -112 M;:~:gr±~:~\~~~~~:! :~;:¾= ~~:: :;~¼= ~~~ 1 :~t= 68 65 = ~~:: .~~:½= ~~:: :;~.½= ~~~J:;:·½= ~~:: :~:~¼= ~~~ :;~ = ~~:: ~~!:-~l~~: ~:~ =l~: . . 1~! =l~~¼ Nn.shv. Chat. & St. L.lst ....... .. ... . . . ........ 1127½-128½ 128¾--129 130 -130 128¾-129¼ 130 -131 131 -133½ 130¼-131 130 -130¾ 130 -130 129½-132¼ 132 -13:t 123¼--133½ - ........ - .... 105¾-105¾ ... . - ... . - ......• 2d, 19111 ................ 6 .... - .... .... - .. . ..... - ... . lO!l½-104½ .... Consol. g., 1928 ... . .. :i 100 -101½ 101½-102 101¾-102¾ 99¾-100¾ 99 - 99½ 98¼-100 100 -101½ 101½ 103 101½-103 l()()¼-103¼ 102 -103½ 102¾-103½ New York Centrn.1!i. Y .C. & B., 1st, cp .. '7 117¾-118¾ llS¼-118¾ 118!1:{-121 120½-121¾ 119¾-120¾ 120%-120:¾ 117¾-118 117½ 118 117%-118½ 117½-118¾ 118 -119¾ 119 -119½ Reei11tered ........... , 117 -117¾ 118 -118 118¾-120¾ 120!):{-120¾ 119¼-120¾ 120¼-120½ 117¾ -117½ 117¾- 117% 117%-118 117)4-1177!! 118¾-118¾ 119 -119 Deb., 1884•1904 .. . :, 106¼-107½ 107%-108¾ 106 -109 108¾-110 109½-110¾ 109:J:!-110¾ 111 -111¼ 1117,(-112 109)4-110 109 -109½ 109¼ llU½ 110¾-110¼ - .... 110 -110 Registered ......... :, 106½,--107¼ lO'i¾-108½ .. . • - . . 109 -110 109)4-110 109%-110½ 110¾-111 - ... . ..•• Deb •• ' 89•'04, reir .. :i .... - ... . 107¼-107¾ .... - . .. . .... - . ... ... - ...... . . - . . . . ... - . .. . ... - ... 109 -109½ .... - . Deb., g., '90-190:i.4 .... - ... . 102½-102¾ 103 -104½ 104½ -105¼ 105¾-105¾ 10:! -1()3~ .... - ... 104),,(-104¼ ... - •... 10! -lOi½ .... - .... I03)4-10'J7-( 103¼-104¼ . . . . - .... 103½-103½ . . . . - . . . . . • • • - ••.. ReirlBtered... ... . . .. 101:1(-101¾ . . . - .... 102½-104 Debt certB., ext., g.4 101%-103 102½-103¼ lO<l¼-104½ .... - . . . 103 -103¾ 103¾-lOl>¾ lOHt-105 104!,-.f-10!¼ lO<l¼-l<M~ .••• - .. . 102½-103)1i .... - .... - . . . . . •. Reglste1·ed......... .. . . . . - . . . . . . . . - . . . . . . . - . . . . . . . . - .... 103¾-103¾ . . • . - ... . 104 -10! - .... 111 )4-111'1! lll¾-111 ¾ l07½-107¾ 108¾-108¼ Hn.rlem-lst, coup . .. . ? lll¾-111:1,t lll¾-112½ 112!):{-113½ 113½-114 110 -110¾ 110¼-110½ 111 ·111 Registered ........... '7 lll¾-111¾ lll½-112½ 113 -lU 110½-110½ 110 -110)1i 110 -110½ .... - ... . 111 -111¼ lH¾-111 107 -107 ,v7¾-107¾ 10~¾-109 - .. . . .... N.J.Junc., lst,a-u .. 4 ... . - .. .... . - ... .. ... - ... ..... - .... 10;3 -103 West Shore, gua.1•. . . 4 105 -107 106,4-108 106 -107½ 107¼-109½ 10d -lOll½ l08!1t-110½ 108½-110¼ 107 -109¾ 107¼-10$¾ l07½-109x, lOP¼-111¾ 11<'¾·111¾ Reglste1•ed ..... ..... . .4 104 -105½ 105¼-106½ 105%-106¼ 105¾-109 108 -109 107¼-109¾ 108¼-109 107!,4-108¾ 107 -108 106!14-108¾ 108¼-111¾ 108¼-111½ - ••• 108½-108½ • . . - . . . 108 -lOS Beech Creek, 1st, ,i..4 103 -106 106½-107 107 -108½ 108¼-108¼ .... - . .. 86 - 86 Clen.r. Bit.Coal.,lst.4 .... - ... .. ... - ........ Rome Water. & O,i.Coo. 1st, ext ......... /) 117¾-119¾ 119½-121 120 -121 119 -119¼ 119 -120 L21¾ 21¼ t20½-121x 120 -121 119½-121½ ll9 -119¾ 118%-120 ll{}¾-122¼ l07½-107½ ..•. - ........ - ... . 107½-107½ .... - ... . .... Utica & ·Bl. Riv. gu.4 ... . - ... . .... N.Y.Clllc.&St.L.-lst.4103¾-106 105 -105¾ 106~-106¾ 103½-lOi¾ 104¼-105 104½-105½ 105½-106 105¾-107 105¾-108 103¾-104¾ 103¾-106½ 106¼-107 - ,. . 103 -103 .... - ••.. 102½-102½ ... - ... . 105 -105 lleglster .. :l . .. .. .. ... 4 - .... 121 -121~ 123 -123 120 -120 N. Y.&N.E.-lBt,190:i.'7 119½-119½ .... - . ... 113\14-lU . ... 1st, 190:i ...... .. ..... . 6 lU -114 ..•. N. Y. N. H.&Hartt'd- .. . . 104½-104½ . . . lst, reg., 1903 ... .... . 4 .... Con.db. ct., n.11 ins.pd. 135 - 137¾ 132¼-138 L39¾-HO 138 -139½ 137 -138 l35½--138 138 -139 139 -HO U0¼-142 139¾-140 1~·14.0 UOJ4-1'14. - .... 122½-122½ . .. . - ..•• 121¼-121½ . .. . - ... . ... . N. Y. & No.-lst, gold.~ 118½--119 N. Y. Ont. & West'nLOS½-110 109¾-110 109½-111 1011 - 109½ 110¼-110½ 109 -110½ 108¾-109¾ 108 -109 108 -109¾ 107 -1~ l ■ t, irold ... .. ...... ..... ~ 108¾-108¾ 108¼-109 96¼- 97~ 96 - 97¼ 95¾- 97 96 - 98 96 - 96% 96½- 99 Ret., 1st, 1992 ........ 4 88:J:!- 92 91%- 96 113¾- 9<1¼ 92¾- 93¾ 92¾ - 93½ 93½- 96 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis RAILRO 189'1-~ontlnoed. JANUARY FEBR'RY. BONDS. -----·-·---- MARCH. APRIL. MAY. JUNE. AUGUST. 8EPT'BER.,0CTOBER. NOV'BER. JULY. DEC'BER, - - - - - - - - ----,-----,-----,-----,-·---- - - - - - - - - - -------Low.High Low.High Low.High Low.High Low.High Low.High Low.High Low.High Low.High Low.High Low.High Low.High - - - - ---- - - - - - - - - ----- - - - - - - - Y. Susq. & West'nRefundlng ............. .;'} 100 -103½ 101¾-103 101½-103 102¼-102¾ 101¼-101~ 101 -lC.5 102¾-105 lM¾-105 105!,,(-107 105½-106¼ 105¼-105¼ 105½-100 Si - 84 . .• - . . . . 85 - 85. . . . - . . .. 8! - 85 73 - 73 .... !ld, 1937..... ........ .4½ .. · · 86 - 87 84 - 90¼ 87 - 88½ 84 - 87 83!,,(- 87 68 - 78½ 78 - 87 70 - 70 Gen., gold, 1940 .... .. ;'} 73 - 74½ 70¼- 72¾ 71 - 72½ 69 - 71 108½-108½ 109¼-109¾ 108¾-108½ . ... .... . .•. ....... ... -105½ 105 -105),( 105 .... ..•• 106¾-107¾ 105¾-106½ 106 105 &'-·~ 1943, 1st, Term., 93 - 94, 95 - 96¾ 95 - 96¾ . . . - . . . . 9i - 96 . ... - . . . 87½- 88¾ 87½- 98 Wilk.&E., ht, 194'l.0 87¾- 89 89 - 90 88¾- 89¾ .... - ... . 117 -120 120 -120 Mldl'dofN.J.,lst ... 6117 -119½119 -119 .... - .... 116¼-116~117¼-117½118 -11$¾119 -120½119¼-119~120¾-121 - ... . 104' -108 ..•• - •....... Norf. & So.-lst, '41 .. 15 .... - .... 100:Jl-100¾ 104' -105 Norfolk & Western- .... 121½-123!1:C - .. .. 122 -122 . . . . - ... . 122¼-123½ . . . . - .... 122 -122 . . . . General. .. ........... ... 6 117 -117 - .... 120¾-120½ . ... - •••. 120¼-12°" New River, l8t ....... 6 ... - ... . 111 -116 118 -118 119 -120 . ... 65 - 67 100-yr. ~8, tr. rec... 63 - 63 67 - 67 .... Md. & W., 1st, tr. rec . .... - .... 68 - 68 Col. Con. & T., 1st ... ~ .... - .... 101 -101 82 - 84½ RO!,,(- 83 84 - 85 84 - 85 82½- 84 - 83'A 82 - 82¾ 80 - 80½ 79¾- 837-1 82½- 83 83 83¼ 82¾l!'.,c. Val. & N. E., ht.4 81¼- 83¾ 72½- 73¾ 73¾- 77¾ 7~- 80¼ 76 - 77½ 7tl - 77¾ 76½- 7~ 70¾- 74 N.&W.Ry., lst,con.4 .... - ... . .... - ... . 70 - 74'½ 67½- 71¼ 67½- 70 Northern PacifieGen. lst, land 1rrant .ti 113 -114:l( 114:l(-116 115¾-ll~ 115½-ll~ 117 -117¾ 117%-120½ 116 -118 118 -120 120½-122¾ 119¾-121 117 -120:l( 118 -120 Red11tered .. ........ . 6 113¾-114¾ 115¾-115¾ 116¾-ll7 116 -116¾ 117¼-117½ 117 -119 116¾-116½ 11$¼-119 120!,,(-122 119%-121¼ 117!,,(-118 117 -120 Gen.. 3d, trust rec..... 77¼- 82 82½- 82½ .... - •...... Consol. ~8, trust rec. . 54¾- 59¼ 58¾- 60 . • • • - •.. .. ... Sp. & P., 11. t., tr.ree.6 34 - 36 .•.. - •....... - ... .. ... - ........ - .... 128 -128 - •... 127 -127 128 -128 St. Paul & No. Pac .. ti 124½-124¾ 123!,,(-125 125%-125¾ 127 -127¾ 128 -128 128½·129 129 -130 128¼-128½ 126 -126 . ·: . Re&-is'd certificate@ . ... - .. . •· ·· ........ .. .. . . .... Dul. & M., 1st, tr.rt'c. 81 - 81½ - ... . •... Dak. Div. 1st, t.rc.6 80¾- 81½ ... • 97:Jl-107¾ lM!,,(-1~ lM -lM¾ 104 -110 107 -110 103 -107 103~~-106 104!,,(-107 No. Pac.Ter.Co.,lst .6 lM¾-106½ 107 -108 108 -110 106¾-110 No. Pac. & Mon., 611, 45¾- 46¼ ••.. J.P. M. & Co. certs. 41½- 45 - ........ North'n Paclftc Ry.91¾- 92" 9Q - 91!,,( 90 - 92¼ 02¼- 96 Prior lien . ............ . 4 85½- 87¼ 87 - 88¼ 87¼- BR¾ 86 - 87 86M- 88¼ 88!4- 90¼ 88¼- 90¼ 90 - 92 92¾- 92¾ 90)4- 90¼ .•.. - •.. .. ... Registered ............. .... - .. . 85¾- 86¼ 88 - 88 87¾· 88 General lien, ~047 .. 3 52¾- 55 53¾- 56!4 52!,(- 56½ 51¾- 64½ 61¾- M¼ 64¼· 67¼ 55¾- 69¾ 67 - 60½ 51;1 - 61:)a 6$¾- 60~ 56¾- 69¾ 59½- 61¾ Ohio Ind. & W est.-Eu C. C. C. & St. Louis .. Ohio & MiHissippi104 - lM¼ lM¼-104½ 104½-104¾ 104¾-106 102¼-1021,a 102 -102 ...• - •... 102¾-102¾ 108 -103¾ .... _ Consol. sink. Jund .... , .... Con11ol., 189S ... ....... 1 102J4-102¾ 102%--103½ lM -104¼ 104¼-lM!,,( .•. - .... 106½-105¾ 102 -102¼ 102 -102 .... - .... 102!4 -102!,,( 102¾-102¾ 103 -103 ... - ••..... - .... 120 -121 2d, con11ol., 1911 ..... , 115 -116 116 -118 118 -120 116 -117½ .. .. - ... 117½-120 ... . - ... . ... Sprln&-f. Div., 190~ .. 7 .. . . - .... 101 -101 102¾-103½ 103:l(-105¾ 102 -102" lC.Q½-101¾ 101½-102 101 -102½ 101¾·104½ . .•• - •... 101½-101½ 102 -106 Ohio Rlverlst, gold, 1936 ... .... ;'} .... - ........ - ... .. ... - .... 101½-101½ 102 -102¼ . ..• - .. . - . . . 102!,,(-1023,( 105 -105 86 - 86 Si½- 85¼ 88 - 813 83½- 86¾ 84 - 90 - . ... 77-80 Ohio Southern-lst.... . ti 85 - 90 84¾ .... 12 - 16 10 - 11 14 - 14 Ge 1., gold, 1921. .... 4 .... 14 - 18 . . . . - . . . . 14 - H 9 - 9 9 - 9 9 9½- 11¾ 8!,,(8½- 8½ ... - ........ Tru11t receipt11... ..... 14 - 15 14 - 14 57 - 69 59 - 59 56 - 56 60 - 57 52 - 52 o. & St. L.-lst, t.rec.4 49½- 50 50 - 51 51 - 55 ... 58 - 59¾ . ... - •.. . 76 - 93 Om. & St. L.-lst, '01.4 .... 82¾- 86¼ Oreg. & Cal.-lst ...... :} .... - ........ 72¼- 72¾ .•.. Ore1r. lmprovem' t Co.89 - 89 100 -105 103 -106 107¼-108 1st ...... . ............... . 6 89 - 90}:( .... - • . . . 89 - 89 88 - 90 .••. 99½-102¼ 90 - 98½ 98 -101!'4 101 -103¼ 99¾-103¼ 102 -103 84¼- 85 87½- 89 85!,,(- 87½ 85½- 87 86 - 86 Tru11t receipts... ....... 85½- 86 Consol., a-old, 1939 .. :} .... - . ... 15 - 15 .... - ... .. ... - ... . .... - ... . .... - •... 19¾- 20 32½- 32½ . Trust recelpt11.. ...... 16½- 18 .... - .. . . 17½- 19¼ . . . . - . . . . 15¼- 15¼ .... - ..•..... - .... ... . - ........ ···· - ........ - ....... - .... *17 - 20 19¾- 24¾ 24¾-Hl *38 -*49 *40½·*43 *37¾-§42½ H2 -•45¼ l11t lnstahn't paid ...... - ........ 83%-- 85¼ 85 - 87¼ 87¾- 89¾ 89¾- 91¾ 91 - 92¾ 92½ · 94~ 92¼- 93¼ 82½- 83½ 81½- 82½ 82)4- 86 82¾- Bi Or. RR. & Nav.-Con.4 80 - 83 Oreg. R'y & Nav.-bt.6 110 -111¾ 112 -113 112¾-113½ 113 -114 112¼-113 113 -114 111 -111 111 -112½ 112 -112½ lll"-112)4 lll½-112½ 115 -116:Jt Ore1r. Short Line-1st.ti 113¼-116 115 -118 116 -119 116 -118 117½-118 118%-120 120 -121 117 -118½ 115¾-117½ 116 -119¾ 119¼-121¼ 122 -124 Tru8t receipts ........... lll!JJ(-116 113%-117¾ 115 -117¼ 115¼-116 115¾-117¾ 117¼-118¼ 119 -119 . ... - .......• Utah & North., 1 st.. 7 .... - .... 114 -117 117 -118 . . . - ...... .. - ••.. 117:1(-119¼ 116¾-119 118¾-118½ .... - .... ..• - ••...... - .... 120 -120 I!(. 84,"- 1 :::: = ::::1·86 =92 .. 91¾= 93½ 9.i =92¾ 90 =92½ .Pl =94% .9.4.¼~ 9~ = :::: ~~ =~~. Or.GSo~~~}!;.!i~;:~~·~.g :::: = 0 0 56¾- 58½ 52 - 57~ 57 - 50¾ 64 - 61¾ 66 - 60 - .. . . ... - ... . ... - ... 44 - 54 Non-cum. inc., A ...... :} •·· 36 - 38~ 30 - 39¼ !1.0 - 40¼ 39 - 39 .... . . . . - •••• 38 - 38 Non.cum. inc., H ...... ;'} •··· 1 Penm1ylvanla Co.1st, coupon......... 4½ 109¼-111 Jl0!,(-111 111 -111 111 -112¾ 112!,,(-113½ 111 -111 111¼-112 lll!Jt-112¾ lll½-113½ 113!,(-114!,,( 113%-114.½ 114½-ll~i - ... . ... - ... . 112%-114¼ 112~-114" Re,ibtered ... . ..... 4~ 109¾-109½ 109½-109½ .... - .... 110 -112 111¾·111½ 110½·112¾ 110¼-110½ lll¼-112 P.C.C.&St.L.,Sr.A4½ 108 -109 109 -109 109¼-109¾ 100¾·108½ . .. - ••. . . .. - ... 110¼-110¾ 111 -111 111 -112 108¼-109 . ..• - .. . 111¼- lll¾ - .... llv¼ •llO~ 111~ 111~ Series B., 1942 ... 4~ 108¼·108~ l~-109 109¼-109\ki 106¾·107¾ 110 -110 110 -111 110½-110½ lll¼-111¼ .... Serie11 D, 194~ .. .. 4 .. . - ....... . - ....... - ... . 102 -102 . ... - .• •....• - ........ - •••. 101½ 101_½ .... - .... 102 -102 .... .P. Cin. & et. L.-lst.7 .... - .. •1109¾-109½ 109%-110 109:l(-109¾ 110¾-110½ 110½-110½ lll!,,(-111¼ .... - ... . 109 -109¼ . . • • - ••••.••. Re1ri11tered........... .. . . . . - . . . . . . . . - .... 142 -142 142 -142 .... Plttll.Ft. w .&c., 111t., 135 -139 13s -138 . ... - •.. . 138!,,(-138½ . . . - •... 140 -Ho rn1 -131 ...• - •.. . .... - . . . J.&CJ½-136¾ 137 -137 138 -138 . ... - •... 14(%-140~ . .. - ... . 141½-141½ 142½-H2¼ 2d, 1912 ..... ........ 7 136 -136½ . ..• - •... 112½-112½ 113 -113 .... Chlc.St.L. & P., lat.~ 115 -115 ... 111 -111 .... - .... 111¾-111½ .••• - ... 113J4-113¼ ..•• . .. 109 -100 Cl. & Pitts., con.,11.f.1 .... - . .. . 102 -102 . ••• - .... 101 -101 St.L. V.&T.H.-2d.1 ... - ... . 10-i - 102 All. Val., gen., 1ruar.4 .... - .... 109 -109 108 -108½ .•• .Pa. RR.-R.E.,1923. 4 ... - •... 1123,(-112¼ 113)4-113¼ - .... 114)4-114¾ . . .• U.N.J.RR.&C.,a-en.4 .... Peo. Dec. & Evan11v 99½-101;( 101 -102¾ 102 -103 103 -1~~1: ·:: ht .................... . ... 6 100 -103½ 101 -lM 101 -102½ 101½-101½ 92 -100¼ 93 - 99 .... - ..... . .. Trust Co. certific'ts .... - • . . . 97½- 97½ . . . . - . . . . 98 - 98 91 - 96 ...• 92¾- 94 99 -101 100 -102¼ 101 -103 102¼-102¼ 100 -101 Evansv. Div., l11t .... ti 101 -104 100 -106 100 -102 101 -101 - .... . .. Trust Co. certific'ts . .... 06¼· 96>4 ...• 13 - 14¼ 10 - 10½ 10!,,(- 16 13 - 13 13 - 14 13 - 17 14¾- 17 24~- 24~ 10 - 12 2d, 1926, ~.tr.rec ... . 27 - 27¾ 27 - 27 ... . P.& E.-su C.C.C&S.L - •... ll2¾-112½ .... - •. ...... Peo. & Pek. Un.-lst .. ti 114 -114 79¼- 79½ 80 - 80 'iS!,,(- 78¼ 80 - 80 85-85 .... 89 - 90 2d mort., 192t ...... 4x 75¼- 75½ 76½- 77 Phlla. & Readin1r79¼- 80¾ ...• 79¾- 82 General, 4, tr. rec...... 80 - 81¾ 8~- 82 Re1ristered....... .. . 81 - 81 . . • • - .••. . ..• 1st pref. Inc., 19;'}8, :}. Tr. rec, all inst. pd 45½- 48 43¾- 46llt 41 - 46¼ 39 - 39 2d pref. Inc., 19i'lS, ~. Tr. rec., all Inst. pd. 3i¼- 36¾ 31"- 3!1:U, 30 - 34½ 29 - 29 3d p1•ef. Inc., 19~~. ;'}, Tr. rec •• all Inst. pd . 32 - 34¾ 31%-- 31~ 3°"- 33 . ... Pine Creek-1932..... . ti .... - •... 137 -137 . ... P.G.C.&St.L-Su Pa.Co. ¥. C. & St.L-SuPa. Co. Pittsb.Sh.&L.E.-lst.~ 95 -100 99 - 99¾ 99¾-102½ 100 -100½ lQ0½-103½ 102:l(-104,¾ 105¼-106~ 106 -109 106%-108~ 102½-lM½ 102~-106¼ 105¼-l ~ - ....•. . . - ..•• 08-98 .. .. 1st, consol , 1943 .... ~ .... 'iO!,,(- 71M 68 - 70¼ 66 - 72 70 - 73 76:}.1- 80 17¼- 78~ 76 - 77 Plttsb. & Weet.-lst .. 4 74 - 74¼ 72 - 74 75 - 'i8 74 - 75 71¾- 73 83¼- 33~ .... Gold, lSfH-1941 .. .. . :S .... .... . . ... § 3d Instalment paid. 2d instalment paid. t 1st instalment paid. • All assessments pa d. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis * - ... . RAILROAD g9 BONDS. 1897-Continoed. - JANUARY FEBR'RY. BONDS. MARCH. APRIL. MAY. JUNE. JULY. AUGUST. SEPT'BER. OCTOBER. NOV'BER. DEO'BER,. - - - - - - - - - - - - - - - - - - - - - ---- - - - - - - - - - - -- _ _ _ _ - -·- - - Low.Hiizh Low.Big~ Low.High Low.High Low.High Low.High Low.High Low.High Low.High Low.High Low.lligh Low. Hlgb -- Readinir-Gen., 199? .4 .... - . .. ••· • - ••• . 80¼- 80¼ 80¼- 81¾ 81¾- 84½ 81¾- 83¾ 83¾- ~ 84¾- 86¾ 83¾- 85¾ 82¼- 84¾ 84¾- ~ Rich •.& Danv.-See So. RloGr.Junc.-lat ..... 15 .... - .... . .•• 90-90 .... Rio Grande So.-lat .. :i 63¼- 63¼ ..•• Rio G. W .-ht, 1939 .. 4 72¼- 74 72~- 74!1:t 70¼- 73311 71 - 72¼ 72¼- 73½ 73 - 78¾ 76~- 78¾ 77¼- 80¾ 80 - 83½ 80¼- 82¼ 81 - 81¾ 81¼- 84, R. W. & 0.-See "Pi. Y. C. St. Jos. & Gr.181andl8t, ti, trul!lt receiptl!I.. 47¼- 49½ 48 - 50 50 - 54 52 - 54¾ 52 - 54¼ 54¼- 61 ... ht, 1941..... 2•3-4 .... 62%- 66 64¾- 66½ 66 - 68 67 - 69 67 - 67¾ 67¼- e8¾ 68¼- 71¼ - • • . . 13¼- 14½ . . . . 2d Income, 192:i.... ... ... St. L. 41t. & T. H.lBt, 1914 . .............. ~ .... - . . . 104¼-lO<l½ . . . . •.. . 105¾-106¼ 105 105 .. .. 105½-105½ .•. • Cb.~t.L.& P.,lBt,gu.:i .. .. 106 -106 .... - • .. . .... . St. Loul8 So., 1 l!lt . .. . 4 .... 90 - 90 St.L.&J.M.-See M.Pac. St. L. & S. F. RR.-1{ .. 4 62¼- 64¾ 65 - 66¾ 63 - 65¼ 63 - 64 63¼- 67¼ 66¾- 70¼ 67~- 70 69¼- 73 70 - 72 70 - 71½ 70¼- 74 73!14- 77 ~1:. L. & San Fran.2d, claH A, 1906 ..... ti 112 -114 ..• . - ..•. 114¼·114:M 115 -115 112¼-112½ 114~-115 ...• - . .•. - ... . .... - ••.. 114¼-114¼ ClaH B, 1906 .......... 6 112 -114 114 -115¾ 114½-lHlJ;I 114¾-115~ 112 -118½ 115 -115 115½-115½ .•.• - . . . . .... - . . .. 116¾-116½ 114~-114¼ 114 - 114¾ ClaH C, 1906 .......... 6 112¾-113½ 114¾-115 114 -114¾ 115 -115¼ 111¾-113!-d 114!14-114¾ 115)4-115½ 115½-115~ 115 -115½ 115¾·115~ .••• - •.•. 114~-114¾ General, 1931 ........ ti 108¼-111½ 111¼-112½ 111 -112¼ 110~ ·111 111~-ll3¾ 113¾-ll6½ 113 -113¾ 114~-116 114¾-116 114¼-116¾ 115 -117¼ 117¼-119¾ General, 1931 ........ :i 94¼- 98 97)4- 98½ 96 - 97¾ 96 - 96 96¼- 99 99 -101¾ 98)4- 99¾ 99¼-101¾ 100 -101¼ 100¼-101¼ 100¾-103¼ 103¼-105% lst, trul!lt, 198'7...... . :, 87¼- 90 •••• - • • • . 86 - 90 87 - 89 89 - 89½ 90 - 90 92¾- 92¾ . ••• 88 - 88 93¼- 95 Ft.S.& Van.B,B. lst.ti .... - .. . . 110 -110 . . •• - •• .. ...• - .. . ... - .... ...• - ... . 105 -105 8t.L.K.&S.W.1Bt.6•• ·· - . ....... 35 - 35 ... . - •.. . ...• - ... . .... - ... . .... - .•• .. ... - ... . . .•. . St. Loull!I Southw'nlBt, 19~9 ............... 4 69 - 70 68 - 70 62 - 69½ 59¾- 66½ 64¼- 65¾ 65¼- 68½ 67¼- 70 70½ - 76 73 - 76¼ 72½- 74 70¾- 73¾ 72 - 74 2d Inc., 19S9 .......... 4 25¼- 28 - . . . . 18½- 24 15 - 22 21 - 22 25 - 25 26 - 28 28¼- 31¼ 30½ - 31 26¾- 29¼ 27 - 27~ 28 - 28 St.Paul City CableConBol •• 193? ..... . .. . ~ .... - .... 91 - 91 •... - ... . .... - •. •. •••• - . ....... 90 - 90 St.P.&Dul.-2d,1917.~ 103¼-103½ 104¾-104¼ 103¾-104 102 -102 102 -102½ 102½-102¾. .• . : . . 105 -105 105 -105 . . .. - •... 104½-106 105½-107¾ l!lt. P. Minn. &Man.l8t, 1909 .... ... . . ...... , 105¼-105½ 107 -107 .... - ... . ...• - . . . . . .• ... . .... _ ........ _ .... Zd more., 1909 ... .... 6 118¾-119 120 -120 121¾-122½ 119½-120½ 120½-120½ 121 -121¾ 122¼-122¼ . ..• - •.. . 119 -120 121!,(- 122¾ Dakota Extenl!lion .... 6 116¾-119 119¼-120 120¼-120¾ 121¼-122 119¾-119¾ 120¾-121¾ 122¾-122¾ . . • . - ... . 120 -120¼ .... - . . . 119 -120¼ 121 - 121¾ 1st, conl!lol., 1933 ... . 6 123 -124 1Z3½-124,4 · •·• - · .. · 126¾-126¼ 126¾-127~ 128¾-129 125¼-126½ 125½-126½ 126½-126¼ 128 -128 126 -128½ 130 - 130 Reduced to ......... 4½ 102½-103¾ 103 -lO<l 104½-107 105!¾(-1063,,, 106¾-106¾ 106¾-10~ 105 -105¾ 105 -106~ 105½·106½ 106 -lOtl¾ 106 -107¾ 107¼-108½ Registered...... . .... . . . . - . . . . . . . . - .... 106¼-106½ . . . . - . . . . . . . . - • . . . . . . . _ . . . . • . .. _ ....•••• ·•· · lnont.Ext.,lst,193'7.4 87¾- 90 90¾- 90½ 90½- 92½ 90 - 93 92¾- 94½ 92 - 92 93 - 93½ 94 - 95 94½- 94½ ..• • - . .. . 93½- 9i¼ 93 - 93% Registered............ . 85 - 86 ,· •.• - •...•.•. - .• . 89¼- 89½ . .. .... Minn. Un., 1Bt, 1922.6 • •• • - • • •· •.. . - ••• • • • •• - . .. 123 -123 125 -125 126 -126 . • • • Mont.Ceo., ll!lt,193?.6 114¾-115 114~-115¾ .... - ••.. 119 -119 119 -120 120 -121½ 117½-119 119 -119½ .... - •••. 122¾-122½ .... Regll!ltered .... . ............ - • ....... - ... . .... - .... 115 -115 ...• .•. . ...• _ .•..... _ •.. . ...• _ lBt, guar., 1937 .... :i . . .. - .... 103 -103 1Q4¾-106½ 106¼-106½ 106 -107½ 107 ··108 105 -106 105 -106½ 107 -107 105 -106¼ 106 -106½ ..•• E.Mlnn.,lBtDiv.lBt./5 .... - .... 106¼-106¾ 108 -108 106 -108 .... 107¾-107¾ 107¼-107~ 107¾-107¾ 105,4-107 106 -106 107 -107¼ . ••• Willmar & 8. F ., ht ~ 106¼-106½ 106%-106¾ 106 -107~ . . . . - .•. . 107¾-108 . . • • - . . • 107¼-107½ 107¾-108 . . . . - • • . . . . . . - .... 110 -111 . . . . s. Fr. & N.Pac., 1st ... :i .... - . . .. .... - ........ - . . . . . ... - . . . . ... - ... . ... _ ...... . . _ ..... ... - .... 100½-100½ .•• !San An. &Ar. Pal!lsl8t, 1943, gold, gu ... 4 54¾- 51 57 - 59 57¼- 59¾ 57 - 58¼ 56¾- 57¼ 57¼- 60¾ 58¼- 61¾ 60¼- 63 59¼- 62 59½- 61¾ 59 - 60¾ 60 - 62 s. Fla. & w., 181:,con.ti •··· - ···· ···· . . . - • . .. 10~106~ . . . . - .. .. lOi~- 104~ . . . . Seat. L. IS. & EaBt'nl8t tr. rec. aH't pd .. 6 • • • • 38 - 40 . . . . - . . . . 38 40 so. Car. & Ga.-ht .... :, . ... 87½- 91 90 - 92½ 92 - 93 90 - 91¼ 90¼- 93 9{)7A1- 91¾ 91 _ 95½ 94 _ 95¼ 93 - 95 92 - 94 94½- 95~ So.Pac.• Arizona-lst .6 91 - 94¾ 90 - 93¾ 92¾- 93¾ 92¾- 94½ 94 - 96¾ 9<l - 94 92 _ 99 98~-100¾ 99~-100 95 -101 100 -103 103 - 105 South'n Pacific, Calbt .... .. ................ .6 108 -108 . . • • - •.. . ..•• - ..•. 106½-106½ 106 -106 . . . • lOS¾-108¾ 108 -108 108¼ -109 105¼-106½ 108 -108 109 - 109 ht, conl!lol •• 193? ... . :, 85~- 86¼ tl5 - 87 85½- 88 87¾- 88¾ 86 - 89 88 - 90¼ 90~- 91½ 91¼- 92¾ lll¾- 92¼ 90 - 92 90 - 93 92 - 94 Au. & .N. W., ht,'41.:i 82 - 83¾ 83¼- 84¼ 84)4- 89 85 - 85¾ 84¼- 84¾ 84¼- 84¼ 82 - 83½ 83¼- 35½ 83¾- 84¼ 83 - 8!¼ 831,q- 84!1:( 85 - 89¾ so. Pac., N. Mex.-ht.6 102 -104¾ 103 -105 103 -103½ 103½-104½ 104¾-106 105¾-106½ 103 -104¾ 105 -106¾ 106¾-107 106¼-107 106!>:(-108¼ 108¼-108¾ Soutbern1st, consol., 1994 . .. . :, 89 - 91 88)4- 90½ 87½- 90½ 88 - 89¾ 88¾- 90¾ 90~- 93¾ 89¾- 91% 91 _ 94¼ 92 _ 95 91¼- 93½ 89¾- 92½ 92½- 953' E.Tenn.reorg.llen.4•:i 89 - 89¾ 89 - 89 86¼- 86½ .. •• - . .. . 86 - 86 87 - 90 89 _ 89½ 90 _ 91½ 90 - 92 90 - 91¾ 91¼- 92½ ..•. Alabama Cent., lst .. 6 •• •· - ••· • 109)4-109¾ · •· • - • •· • • • • • - • • • • . . . . - . . . .• - .... 112),,(-112¾ ... • - .. .. • •· • - • • • • • • • - ....•••. - .... Col.& Green • lst.:i•fl .... - . ... •··· - •·· • .... .... - ..•..... - .... 115½-115½ .•. . - .... •··· - •·· 114½-117 116½-119 E.Tenn. V .& Ga.,lst. '7 107:!,4-108½ 108¼-108¾ 108¼-109¾ 109½-109½ 109¾-110 110),,(-111 107¼-108¼ 108 -108 108¼-109 108!1.(-108¼ 109 -109½ 110 - 110¼ Dlvil!llonal. ... ...... :5 112 -112 . ..• - ... . 112 -113 113½-115½ 114 -114 116 -116 .... _ .... 113 -115½ 115 -116 115 -116 115 -116 .... - ... Consol., ht, e°••······:i 107 -108½ 108 -108¾ 108¾-109¾ 109 -109¾ 107¾-107¾ 107¾-109¾ 109½-109¾ 110 -112 110 -110¾ 110¾-111 108½-109½ 109¼ ·110¼ Ga. Pac., t 8 t, g ... . :i•ti 107½-113 113½-114½ 114 -114½ 114¾-115 115¼-116 118 -119 115¼_117 ½ 118)4-119¾ 117¾'-118½ 118 -119¾ 120 -120 122).{a-l 22¼ Knox. & o., lBt, g ... 6 112 -11<1½ 114 -115 114¼-114¾ 114 -114¼ 114 -115 115 -116½ 113¼-ll3J.4 113 -l13 113 -115 . .. - . . .. tl!!l.(-115½ 115½-l17 Rlch.&Dan.,con.,ll.6 117!)4-120 120 -122 121 -122¼ 121¼-122 122 -123 124¾-124¾ 121)4-121¼ 122 -122¼ 123 -123 123 -123 124 -124~ 12!i¾ ·l 24~ Equlp.s.t.,g., 1909 :, 100 -100 . ... - •.. . .••• - .. . 101 -101 Debenture, st'p'd .. :i 95 - 95 100 -101 97 - 98!,4 99¼-100 ... _ •... .... _ . .... ... _ ... . 100 -100 100 -100 . ... - .... Va. Mid., Ir , 1936 ... :i 100 -102½ 102½-103 102 -103½ 101 -102 100 -100 101 -101¼ 101 -102 103 -103 102¾-104½ 104 -104~ 103 -1C3 103 -1 03½ 1 1936, g., stamped.. ~ 100¾-101 102 -102 . .. . - . . . . 101%-102½ 99¼-100 101 -101¾ 101¾-102¾ 102¼-103¼ 102¾-103½ .... - ... . 102:J:t-102!14 . •. . - .... Wa8h. O. & W., lsl.4 ···· - .... . · · . - . . .. · · · · - · ·· · · · · · - ·· · · · .. . - ... · .. . . - ... . 81 - 81 83 - 8<l 114 -114 115 -115 w. N. Car., 1st, con.ti 111¼-112 111¼-113 113 .-114).{a 113¾-114½ 114¾-114¾ 115¼- ll6½ 113 -113¾ •••• . Term'I ABB'n ot !St. L.ht, CODl!I., g ., 1944 .. 5 105¼-106!JA 103¼·103}9 106 -106¾ 106}4-106},i 106;J.!-10'n( 107½-108¼ 107¾-108¾ •••• _ _ ... . 106½-107¼ 107¼-108 108 -11'8~ .... ... - ... - ....... - .... .... ... .... .... ... .... .... .... .... .... .... .... .... .... .... .... .... ... ~:.\..~o~d;;.9;.~·T:~~ ~~ =l~~ -- :::: = •.. 109¾-109½ .. . . - Texaa & N. OrleanslBt, 190:i ............... 7 .... - ... . ... . - • . 111 -111 . .•. 1Bt. consol., 1943, g.~ 91¾- 9<l¾ 94 - 94¾ 94½- 95¼ 95¾- 95!}.i - . ... Sabine Div., ll!lt ...... 6 •··· - •·· · • •·• - ........ Texa8 & Pacific190l ... .......... ....... . 6 107 -107 l8t, gold, 2000 .. .... .. /5 85¾- 89 88 - 90 88 - 89½ 88 - 00 -,d, ll•, Inc., ~000 .. . . . :i 19¾- 23 20!14- 22½ 18¾- 22 18 - 20¾ Third Avenue (N. Y.)lst, J 93'7 .. ............. . :i .... - .. . . 122 -122¼ 12~¾-122¾ 121½-122 Toledo & Ohio Cent.l8t . .. . ...... .... . ......... ~ 105 -105 105 -108 102 -102 103¼-104 Wel!lt. Div., 1st, '3:i.~ 104½-lOi½ 104 -104 Kan.& M ,1 8t,1ru.,g.4 78 - 78 77 - 77 76¾- 77 ... . T.P.&W.-ht, 1917 .. 4 68¼- 68¼ .... 60½- 65¼ 60 - 63 Toi. St. L. & K. C.lBt, 6, Tru8t receipts. 69¼- 72 70 - 75 67¼- 70½ 69 - 70 98 - 99 98 -100 UIB. & Del.,lst. con .. ~ 100 -100 98 - 99 Union Pacificlsl, 1896 ...........·..... 6 103 -104¼ 104½-104¾ 101½-101¾ 101½-102 Tr. rec. ex. mnt. cpl!I. 100 -101¾ 101½-103½ 103 -104 10-2½-103}4 lat, 1891 ............... 6 103 -104¼ 104¼-104¾ 101¾-101¾ 101½-102~ Tr. rec. ex. mat. cpl!I. 99¼-102½ 102½-103½ 103 -104~ 103~-103¾ l8t, 1898 ............... 6 103¾-104¾ 104¼-105 101~-102¼ 101!¾(-102~ Tr. rec. ex. mat. cpl!I. 100 -103 103 -104½ 103¾-105 lOH~-104 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis - .... 110 -110 95~ - 96 106 - 106 110¾-110¼ ...• 96 - 96¾ · 93½106 -106 :: :: ~~:.¾=l~~~ ~03 95~ ·os _96¾ 96¼- 97½ =103-- :::: = ::: : :::: - # ••• .... .... 96½- 97!,4 96¾- 98 98 - 98§( - . .. . 106)4-106!,t .... - ·•• ; - .. .. 105¼ -105¾ . . .. - •... 107 -107 108 -1 08 94½- 97¾ 95½- 98 21¾- 28¾ 26½- 29¾ 29¾ - 33½ 28½- 33¾ 25¾- 30¾ 25¼- 28½ 28 - 31 88§(- 89¼ 87 - 92½ 92 - 94¾ 94¼- 96¼ 95½- 96¾ 95 - 96 20 - 22 123 -123 124¼-124~ 120 -123½ 122¼·123¾ 121¾ -123 103½-103½ 103 -105 75 - 75 60 - 60 102 -103¼ 103 -104 - ... . 74½- 74½ 74 - 75 74 - 75 62 - 70 68 - 68 66 - 68½ 123 - 123 66¼- 72 72¾- 78¾ 75¼- 78½ 76¼- 80½ 84 - 91 82½- 86 100 -102¼ 100 -100¼ 100½-100¼ 100 -101½ 100¼· 100:M 100½-101 102½-103)4 103¾-103¾ 101 -103¼ 102 -103¼ 103¼-104½ . ... - •... .102¾-103 ... . - .... 102½-104 102 -102 104' -105}4 102 -103¾ 102¾-103~ 103¾-104;14101¾-104½ 102¾-103~ lO~lM 102 -104 101 -102 110 -111¼ 101 -101 107¾-111¼ 101¼-102 108 -111½ 123¼-123¼ 123¾-124~ 103½-104¾ 101¼-104 101¼-104 10! - 104 78½- 81 75 - 75 69 - 72 .... - ..•. 71 - 71 101¼-101¼ 111 -116¾ 101¼-102½ 111 -117 101¼-ll2¼ 111 -11:6¾ 105 -106 .... 76 - 79 72 - 73 80 - 83~ Si - 90 101 .103• 102¼-l 02~ 101¾-102 102¾·102¼ 102¼-103 lll½-117 1093,g-110½ 113 -1 ~ 102 -102 102 -102¾ 102¾-1 OS 114 -114¾ 109½-110¾ 113 -1 13 101¾-102!,t 102 -102¾ 102¾-102~ 113¼-116½ 109½-109¼ 112 -1 16 100 RAILROAD AKD BO D. 189?'-Concluded. JANUARY FEBR'RY. MAROH. APRIL. BONDS MAY. JUNE. JULY. AUGUST. SEPT'BER. OCTOBER. NOV'BER. DEC'BER. Low.High Low.High Low.High Low.Hhth Low.High Low.High Low.High Low.Hli;ch Low.High Low.High Low.High Low.Hilth Union Pacific-( Con.)1 at, 1899 .............. 6 104¾-104¼ 104¾-105¾ 102 -102½ 102¼-103 103¾-103M 103➔.f-103¾ 104)4-10!¾ 101¼-102 102 -102 .... - . . . 102¾-102¾ 102¾-103~ Tr. rec. ex. tnat. cps. 100¾-101¾ 103 -103 103¼-104¾ 104)4-105 102½-104~ 103¼-106 .... - .... 110¼-112 110'A'.-ll6½ 114½-115½ .... - .... 113 -113 Collat. Trust, 1908.6 .... - ........ - .... 99¼- 99½ 97 - 99 100 -101\)s 100½-101 98 - 99 .... - .... 103 -103 102 -102 - ... . 103 -1C3 Collat. Trust, 190'7.iJ ... - ..... . . 72 - 72 76)4- 76~ .... - .... 82 - 83 .... - ........ - ......•. Coll.Tr. 4½11, Tr.rec.. 49¾- 50 - ... . .... - ........ - .. . . 50 - 53 50¼- 50½ 47½- 47½. ... . ... 45 - 48½ Gold notes, 1902 .... 6 .... - .... 101 -101½ 101¾-101½ LOl½-103 101 -101½ .... Gold note8, 1894 ..... 6 100 -102 99 -101¼ 101¾-102½ 101¾ ·101¾ .... .... - .... 96~- 96¾ 100 -100¾ 168½- 71 ..•• Gold notes, i>% pr. pd .. ••• • - ... •• • • - . . . . 40¾- 42 40¾- 42 43 - 44 ·Gold notes,62½%p.pd, . • •. - .... •• • • Ext. aink. fd., 1899 .. 8 85 - 90 90 - 95 92¾- 93 . ... Trust receipts.... . . . 87 - 89¼ 90 - 95 91½- 93 89 - 91 88 - 88 88 - 94 il2¾- 98¼ 99¾-111¾ 110½-121 110 -118 109 -111¾ uo -114 Porch. money certs. .... - ........ - .... 110 -112~ Kan. Pac., 1st, 1S9iJ.6 108 -108½ 109¾-109¾ .... - .... 109¼-109¾ 110 -110½ 111¼-111¾ .... - . . . . ... - ... . ...• Tr. rec. ex mat. cp .. .... - ........ - ... 101½·102 .... - .... 100 -100 103 -103 110 -110¾ 112 -113¼ 110¼-110½ .... 1st, 1896 ............. 6 lll¼-113¾ 113½-113¾ .... - . ... ll2 -113½ 114 -114¼ .... - ...... . - .... 115¼-115¼ 114 -lU .... - ........ Tr. rec.,ex-mat.cp. .... - ........ - .... 102 -102 100¾-l<>v¼ ... - .... 100¾-100½ .... - ... . 110 -ll2 110 -113½ lll¾-115 .... Denver Div., asllt .. ti 113½-1163'{ 116¾-116¼ 116 -117 116¼-117¾ 117¾-117¼ .... - .. . . 119 -119¾ .... - .... 120¾-120¾ .... Tr.rec,,ex-mat.cp. 96 -100½ .... - .... 103¾-104 - .... 102¾-102½ - .... 111 -113¼ 113¾-118 no -118 110 -110 110 -110 lat, consol., 1919, 6, 71 - 73¾ 68 - 72 68 - 75¾ 731<(- 81¾ 82 - 95 73 - 75 92 -103 Trust receipts...... 67 - 78 85¾-101¼ 83 - 90¾ 84 - 90¾ 73¾- 77 25 - 25¾ ... . - . .. . 26¾- 28¾ 26)i- 31 34¾- 36½ .... 30½- 80½ 30 - 30 . . . . At. Col. & Pac.-l8t .. 6 26 - 28¼ 25 - 25 27 - 31 27 -· 29 At.J.Co.&W.,1st.6 .... - .... ·· · - • . . . 19¾- 1~ 19 - 21½ 23 - 23 20 - 20 36 - 36 33 - 33 tJ.P.L.& c., lat, gu .. iJ 2~- 24¼ .•.• 32 - 32 35 - 35 35 - 35 33 - 35 34 - 35 35 - 39 38¼- 41½ 41¼- 46¼ 44¼- 53% 47¾- 53¼ 45 - 48 U.P.D,&G.,l11tcon.iJ 35 - 86¾ 36 - 87 33¾- 87 49¾- 49¼ Trust Co. certl:fs . ....... - .... ••. • 45 - 48¾ 47½- 52 Or.Sh. L.& U.N.,gu.iJ, 73 - 761)4 U - 77¾ 74¼- 75),q 74½- 75 75 - 86¾ . . . . Trust receipts .. ..... 63¾- 73 711 - 76¾ 76¼- 76¾ 75 - 75 74¼- 74~ 75 - 81½ .... Utah So,, gen.?', t. rec. 72 - 72 74 - 76 74 - 77¾ 75 - 75¾ 74¾- 74¾ . . . . Exren. 1st, '7, tr.rec. 64 - 72 Va. Mid.-See Southern. Waba8h1st, gold, 1939 ........ iJ 106 -107¼ 106¾-107¾ 104 -107¾ 103 -105¼ 101½-102½ 101¾ 105 104¼-106 106 -107¾ 106¾-107¾ 107¾-108¼ 105 -105¾ 105¾-107¼ 2d mort,, a-old, 1939.iJ 70 - 73¼ 68 - 70 64 - 69 63½- 65½ 64½- 65½ 64¾- 72 69 - 75¼ 72¾- 79~ 77 - 81 77¾- 80 77 - 79 79 - 81¼ Deb. inc,, 1939, B . .. . ti 22½- 25 23 - 23 19 - 22¾ 18¾- 19 19¼- 21 21 - 24¼ 22¾- 25½ 26 - 30 29¼- 33¼ 28 - 31 26 - 28 27 - 28~ St. L. K. C. & NCI.St. c. B'ae,lst,•0-..6 105)4-105¾ 107 -107 108½-108¼ . . .. - •.•.... - •... 110 -110 111 -111 .... D. & Ch. Ext. J940 . . i) 94 - 96 92 - 92 93 - 95 88¼- 92 90 - 92½ 96 - 96 95 - 96¾ 95 - 99 98 - 99¾ 98 - 99½ 97¼- 99½ 99½-101¼ Western N. Y, & Pa.1st ............ ........... i) 104¼-106 106 -107¼ 106¾-107½ lOfl¾-107 107 -108 108¼-109½ 106 -106 100¾-106¾ 106¾-107 107 -107¾ 107)4-108¾ 108¼-109¼ Gen'l, 1943, Q" ••• 2-3•4 46¾- 49½ 48¾- 50 49 - 49½ 48 - 48 43 - 43 47¾- 48 47¾- 48 48 - 4g 47¾- 49 45¾- 46~ 46 - 46 46¼- 47¾ 9 - 9¾ 11¾ · 11¼ . . . . - .. . . 13 - 13½ 13 - U Incomes 1943 ...... ... iJ - . . . . 12 - 12 - .. . . 13 - 13¾ .... ,vest Chic. Street Ry.40-year 1st ...... ...... iJ .... 40-yr. con., 1936, g.i) ... - .... 101 -102¼ 100 -102¾ .... , ... 100¾-100½ 99 - 99 Wheel'g & Lake Erie90¼- 91¾ 91 - 91½ 91¼- 91¾ 90 - 91 85 - 90 - ... . 85 - 93 91 - 93 91¾- 92¾ lst . ........... ............ 5 90 - 90 - •··· 100 -100 Trust receipts .......... 90 90 .... 70 - 75 . ... - .... 77 - 77 .... Wh.Div,,lst, g,,'28.5 .... 70 - 70 .... Ext.& Imp .. a-.,1930.i) •··· Wisconsin Cent'l Co.1st, 11old ............. .... i) .••. 31¼- 32 .... - . .. . 33 - 34 •... 36¾- 36¾ 38¼- 38¼ . ... - . . .. 34 - 34 .••. Trust receipts......... 87 - 39¾ 38 - 39½ 35 - 40 29¼- 35 28 - 30¾ 30 - 34 32 - 3'1 34 - 39¼ 37 - 39 32½- 37¼ 32¾- 34¾ 83 - 35 Income, 1937 .......... iJ .... 5 - 5¾ 4¾- 4¾ 4¾- 7¾ 5¾- 7 5 - 6 .... - ........ - ,,. - .... MISCELLANEOUS. Am. Cot. Oil-Deb., g-.• 8 Am. Spirits Mfa-.-lst.6 Boston United Ga8Truu ctfs., sink, :fd .. iJ B , ooklyn U. Gas-1st i) B'kln W.&W.H.-l8t.i) ()h.G.-L.&C.-lst, a-u.i) C)b.Jc,&U.-.. Yds-'1~.~ - 108 -109 106 -106¼ 106½-107 106 -107 106 -106¾ 106½-108 74 - 77¼ 77 - 81¾ 74¾- 79¼ 70 - 77¾ 78 - 76 73 - 77 109 -109 76¼- 81 108½-109 so - 85 107 -108 74¼- 80 107¾-109 70 75 .... - 92 - 92 112½-114½ 113¼ -115 113 -114 113 -la 98 -100¾ US -101½ 100¼-102¾ 100 -101 101 -103 103¼-10! 1103½-104½ 102¾-104 - 110 -111 99 -100 102¾-105 - 111 -112:1( 98½- 903' 105 -107½ 105¾-108 108 -109~ 99¾-101 97¼- 99 9.3 - 94¼ 95 - 96 .... - ... 109¾-109½ ~:::i·.tt=~-~~·:.~~~: ~~ =100 109 -110¾ 110 -112¾ 109¾-112 111¾-113 91¾- 98 94 - 95 94 - 97¼ 96¼- 98 95 - 96¾ 96¼- 98 97¼- 99 98¼ ·11.<5 .... - 97 - 98x 92 = ~~ ... ~~ = ~: .. I.~~ = ~~ ... ~ = ~~ .. I.~~ - 96 106¾-108 109¼-110 81 - 86:1( 83¾- e6 95 - 95 - .... 95 - 95 92½= ~~ ... 80 = 80¾ ()ommer'l Cable-lst.4 .... 98 -103 103¼-109¼ 107¾-108¼ 106¾-106½ 106 -106¾ 105¼-105¾ 105 -105½ . .. . -Oon.Ga ,Ch.-bt,'36.:} 83!J:(- 85 85¼- 88½ 88½- 90½ 89½- 91¼ 90¾- 93¾ 97 - 99¼1 99 -101 102 -102 101 -102¼ 99¾-100 99 -100 100 -1043' Det. Gas-Con.lst'U~.i) 75¾- 70¾ 72¼- 76,¼ 69 - 73 73½- 73¾ 72 - 78 78¼- 83 82¾- 90 t<7¾- 92~ 90 - 94 89 - 93 90 - 95¾ 95¾- 97¾ Edison Elec. Illum'g1 st, 1910 ..... .......... i) 110 -ill¾ 111¼-112!4 110 -110¾ 110¾-112 111 -112X 113 -113¾ 113 -ll3½ 112¼-113¾ 109¾-110 109¼-lll 110*111¾ lll!}.(-112 1st, consol., 1995, g.i) 104¼-106¾ 107¼-109¾ 109 -110 109 -111¼ lll¾-113 L13 -114¾ 112 -112 . ... . ... 112½-113 112 -113 112¼-113 114¼-115 Edison Elec., B' klyn1 st, gold........... . ... . i) .•.• - .•.. 110¾-110¾ .... L13¼-ll3¾ .... Eq. Gas.& F .,Ch.- 1st.ti 95 - 99 - . . .. 106 -106 106 -106 105 -107 99 - 99¾ 99 -100 l<W¼-100¾ 101 -102 L02 -1C6 .••• General Electric95½- 99¾ 99 -100 100 -100½ 100 -100½ 100 -101!-2 101½-102½ 98¼-100,( Deben., a.old, 1922 .. i) 90¼- 96 95 - 96 95 - 96¼ 96 - 97¼ 96¾- 98 Grand R.C. & C.-lat.6 95 - 95¼ .... - . .. . 111 -111 Hend. Bda-e.-lst., e.t.6 .... 70 - 70 .... Ill. ~teel-Non-conv ... i) .... - .... 107 -107 ..Jeff. & rn.c. &1.-1st.iJ .... 80 - 80 ~d, 1926 ....... ,........ i) •••• Lac. Gas, St.L.-lst,lf.i) 93¼- 94¾ 93¾- 94¼ 94 - 95¼ 95¾- 97¼ 94~- 97 97 -100),t 100 -101¼ 100 -103½ 101¾-103½ 101 -103 100¾-101 102 -103~ - .... 102 -102 .... lllad. p,lq. Garden- I st.5 ••· • - .... 85-85 .... Mich.-Penh. Car. lst.iJ .... - ....... - ........ .M ut. Un. Tel.--~. f . ... . 6 .. - .... 110 -ill½ .... 112 -112 .... lll½-111½ .... - ......•• - .... 111¼-112 Nat'l Starch-ht ..... . 6100 -100¾ 101¼-102¾ 101¼-102 LOI -102¼ •••• - . ... 100½-101 .... 104 -107¾ l07¾-109 108¾-109 105 -107 People's' G.L. &· Cokelst, gold ................. 6 .... - ... 110 -110 111 -112~ . . . . - .... 108¾-108¼ 109 -109 - ........ - .. . 111 -111 2d, a-uar., g., 1904 ... 6 104 -107 105¾-107¾ . •.• · - ... . 108 -108 108 - 108¼ 106 -107½ 107¼-109 ..•. - .. ...... - .... 107½-108 105 -106 1st, con., a-., 1943 .... 6 100 -102¾ 103 -105¾ 104¾-106½ 102¾-103 103 -105¾ 108 -111½ lll¼-116 114½-115½ 117 -117 112¼-113¼ 114 -114 114 -ll6 So. Yuba Wat.-Con.a-.6 .... - ... 101 -101 .... - ........ Stan. Rope & T.-181 .. 6 73¾- 79¾ 71¼- 76½ 65 - 74 67 - 68¼ 66~- 70 60 - 69¾ 61¼- 70 66 - 69¾ 60 - 70¾ 60 - 64 59¾- 60¾ 53 - 60 Incomes, a-old, 1946.i) 24 - 28 24½- 28¼ 16 - 25½ 17¾- 20 16½- 18 10½- 16¾ 12 - 20 17 - 20 10¾- 19 12 - 16 11 - 13¾ - 12¼ Tenn.Coal Iron & Ry.Tenn. Division ....... 6 82 - 84¾ 83 - 86 86¼- 88½ 80 - 85 79 - 81 80 - 80 80 - tSO 86 - 89¾ 83 - 83 81 - 82 Blrm. Div., 1st, con.6 85 - 87½ 86 - 87 85 - 89 79 - Sf\ 80 - 83¼ 80 - 89 80.l(- 84 83 - 87 87¼- 91 87 - 90 85 - 87¼ 85 - 87 De Bard.C.& J.-Gu.6 81½- 83 81 - 81½ 82 - 82~ 80½- 80¼ .... 81 - 82 U.S. Leather-Deb.s.f.6 lll¾-112l',! 113)4-114 112¾-113~ 113 -113:1:( 110 -111¾ lll¼-112 112 -113 113 -lli 115 -115 ll5 ii2¾-Iii" -115 '\\- estern Gas, col. tst.iJ .... - .... 95 - 99 98¾-101 101 -103 103 -103 W. Union Telegraph18'7iJ•l900 .. ......... 7 .... - ........ - ... - •... 105 -105 Redetered.... . . . . . . . . . . . - .... 107 -107 - •... 105 -105 107 -107 .... 104¼-104¼ 1(\5 -106 Col. tr .• cnr .. 1938... iJ 106¼-107 106¼-107 107½-107¼ 107¼-108¼ 107¾-108 108¾-109 107 -108~ 108 -109 107½-109 1()8½-109 108¾-109¾ 109¾-111 I 35 per cent principal paid. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis -Ii6¼ ii~ TOOR EXUHA GE CLEARINGS -R ILROA.D AXIJ MISCELLA1. EOUS TOUKS. 101 STOCK EXCHANGE CLEA/UNG HOUSE STOCK EXCIIANGE CLEARING HO U SE TRANSACTIONS. r-- Sha1·es, bofh suie11.--.. , - --Balances. one side.---.. Sheets TRANSACTIONS. Gte,,red. Total Vati,e. Shares. Value Shares. Gash. Gteand ~nee May, 1892, dealings In all the most active 189i$ $ $ t ocks on the New York Stock Exchange have been January . . . 13,593,500 896,200,000 1,091,000 63.700,000 14!'1:3.10') 6,13,t .. 12,030,600 76 ·i 100,000 997,5"0 55,000,0JO 1.133,50•1 5.51~ cleared through the Stock Exchange Clearing House. !, February Marcil ... . . 19,057,700 l, 207,500,000 1,4'9!.600 8",40 ,000 1,926 !lOO 6,5!0 i Aoril. .. .. . l:•,799,200 1,00i.800.000 1, il•J,500 91,500 00 1.399,300 6,43! The following is the record of the transactions : I 1 l May ...... . 28,220.100 1,603.400,000 3,151,900 162.900.0 ,o 2,157,200 7,391 June . .. . . 17,365,600 1,101,2no,i1uo 114,500,000 1,544.600 6,402 ,--Balances, one Kidc.--.. S>ieet• July .. ..... 22,270,400 1,457,975,000 22,•.70,1'10 ,31 5,900 1:-12,400,500 2,101,100 6,939' Shares. Vatne Shares. Gash,. Uleared August .... ltl,349,100 1,281,'iflO,OOO 1,975,200 127,00,l,000 1,99~,300 fl,792 $ $ 4!l5,000 22,500,500 2g8,300 2,19:> Septemb'r 24',738,200 1,514,100,000 2.742,000 li6,400,000 2,241,500 6,756 1,598,750 !H,56!5,iOO 1.~33,9a 5,8H, i October ... 19,607,300 1,266,500,000 2,107,200 113 800,000 1,572.300 7,387 1,120,100 74,186,100 974,700 5,t-88 NoTember 18,934,100 1,22n,OOO,OOO 2,564,800 01,400,000 1,523,400 6 HIS 1,657,400 107,386,900 1,301,600 6,183 December 24,73!i,300 1,645.: 00, 000 2,371,000 1'29,600,000 3 .188,500 6,879 2,055,800 128,6il3 500 1,697,508 6,252 - - - - - ----- - - - - - - - - - - - 2,325,800 148,622,000 1,761,400 5,862 Year . .. . 231,700,100 14,900,175,000 24,620,700 1,316.tl00,500 22,26!l,200 79,637 5,796 1,831,500 128,9; 5,000 1,417.800 18962,687,300 192,500,000 2,,H7,400 6,60 I January . . 15,%A,500 9t17,700,000 1,6H.200 8~,!l0:>."00 1445,000 6,876 13,721,650 897,400,700 11,202,677 4,4,657 February .. 17,004,900 1,088.600.000 1,905.500 10 ➔ ,300 ,0 00 1,:i64,400 tS,261 March .. .. 16,675,000 1,066,600,001) 1,631.500 91,000,000 1,452,800 6,811 6,1<39 3,000,000 210,700,000 3.800,500 984.000.000 1,6-9,100 99.600,000 1,233,300 6.468 2,587,!JOO 172,701,000 3,529,COO 6,161 April. . . . .. 14,662,200 750,800,000 (19,100.000 1,122,000 923.800 5,732 2,703,800 167,900,000 3,784,100 7,080 May . .. .. .. 10,29•,flOO 1,59l,100 95.900,000 1,325,500 fl,367 2,311,800 158,300,000 2,331,000 6,005 June .. ... 15,489,600 1,l:!2.400,000 21, 15q,300 1,3P8,50'.>,000 l ,90R,6 •0 107,500,1 0 l 1,866,200 6,996 2,869.500 161,110,000 4,870,100 7,200 July . . . .... August .... 16,537,200 ' 1,081,900,0<JO 1,301,700 69,600,000 1,600,8 0 fl,288 1,682,000 90,200,000 1,789,800 6,395 1,559,100 Sfl,200,000 1,624,900 7,171 1,71'6,300 88,100,000 2,752,500 6,015 Septemb'r 17,640,200 1,1 5,100,000 l ,711i.60 I 9i.,90tJ,000 1,497,300 6.863 1,470,200 73,900,000 2,829,200 6,882 October . .. 17,383, 00 1,056,373,000 1,380,600 6,31!> 72.100,000 1,988,600 5,956 Nove ·uber 2 ,071,400 1,0P8,~0 1,0 •O 2,~12.lO'l 124,800,000 1,665,900 1,614,000 86,600,0llO 1,349,500 6,573 l,783,5CO 96,500,000 2,0!l3,600 6,683 December 15,181.400 1.007,000,000 J,618,100 911,558,000 2,Z..6,100 6,304 Year ... . 197 ,393,5l O 12,797,67S,OO J 21,235,500 1,121,900,000 17,349,400 ;8,725 1,551 ,000 7~.600,000 2,0:U,600 6,201 STOCK EXC HAN GE CLE .\RING H O U E TRANSACTIONS. 1892- May(17-31) June ...... . July . . .. . . . August . . .. September October . .. November December ,-Shares, both sid· s.--. Olearea. Total Value. 4 .7.'l l,600 16,6~i.OOO 9,807,300 13,998,480 18,857,800 20,726,300 16,519,200 25,222,100 ---- ti 256,200,000 1,0il,048,200 699,313,ZOO 977,583,000 1,268,000,00:> 1, ~5,. 733,000 1,l lll,800,000 1,758,000,000 --- Y ear. . . . . . 126,545, 780 8,472,677,400 um:i- January, . February. March . ... . .April . .. ... May ... ... . . June .. . ... . July ....... .August .. . . September October November. December. Year ..... 18!14January .. February .. March ... . April ..... May ...... June...... July . .. August ... 8eptemb'r October .. November December 28,5U,500 25,108,900 24,591,100 20,802,500 28,209,500 17,lll0,700 19,685,700 17,569,400 16,020,30'.) 10,604,700 19.834,100 11",739,900 ---- 2,<'6i,709,000 1,74i,400,000 1,690,000,000 1.421,300,000 1,738.900,000 1,016,90ll,000 1,100,000,000 961,300,000 936,400,000 1,172,400,000 1.332,8i9,100 1,03:l.100,0uO 255.961,300 16,213,248,400 18,3113,000 12,847.600 16,912,900 14,728,000 19,140,800 13,185,700 10,911,400 18,Si0,20v 14,847,900 15.780,900 16,253,900 16,172,200 --------------------- ----· -24,78!.200 1,460,669,000 32,996,100 1,0'-8,600,000 784,800,000 1,076,441,000 868.700,000 1,250 300,• 00 842,800,000 734,100.or,o 1,185,400,000 959,400,000 l ,0~9,000,000 1,212,200,000 1,106, i00,000 1,35!,00•J ],035,400 1,452,100 l,384,1JoO 1,551,100 1,147,800 938,500 1,580.~00 l,2~5.200 1.040.500 1,095,300 1.186,000 Year ... . 187,514,500 12, 29,041,000 14.950.500 69,100,000 56,200,000 1:1,800,000 77,200,000 91,700,000 65,!!00,000 57,070.000 96,900,000 71,800,000 63,500,000 72,100,000 69,600,000 2,0il,000 1,b96,900 1,1128,iOO 1,41",900 1,938,500 1,484,000 1,328,500 2,161,900 1,627,UOO l,72:l,000 1,709.900 1,1105,700 -------- 1""91'- 77,715 January ... 12,000,700 10,223,600 18,Hl,000 14,182,600 13,• 50,400 22,559,200 22.353,100 38,912,300 September 4H,276 900 October . . 27,2 :3,700 November 18,397,400 December 24,236,600 6,835 February .• 1 5,598 I March .. .. 6,581 April . . . 6,40L May....... 6,689 I June .... . .. 6,088 ; July ....... 5 .1: 56 i August ... I 6 , 95 ➔ 5•716 6,718 6,210 5,955 8i2,t'i0,000 20,~64,000 . 75,6111 . 778,000,000 709,500,000 1,270,700,000 1,020,200.0 0 931.8• 0,000 1,737,580,000 1,653,000,000 2,321,oOO,OOO 2,870,100,000 1,9i!l.,900,000 1,4t3, 100.000 1,935,200,0CO - - - ----- Year .. . . 2114,•307.500 18,11 4.580,000 1,425,500 74.900,000 1,n96,i00 59,500,000 1,916,700 l13,2'l<',OOO !:!2,2<10,000 1.357,300 1,250,700 76,901,000 2,501,000 153,629,000 2,6i8,800 lil,600,000 5,177,'200 287,400,000 5 ,945,300 !!70,ll00,000 3,307,400 215,800 .000 2,050,500 141,•00,000 2,733,1• 0 194,800,000 ---- 1.068,::ioo 879,400 l .55P,2-J0 1,334,1100 l,ISfl,000 1,604,100 1,751,500 :.i,Ot7,900 3,473,900 2,321,600 1,589,600 1,864,8 0 31,431,000 1,942,029.000 2t,681,'i00 5,908 5,24& 7,191 6,070 5,916 7,112 6,643 7,669 7,4J9 6,995 6,'241 7,346 80,504, PRICES OF RAILROAD AND MISCELLANEOUS STOOKS ON THE EW YORK STOCK EXCHANGE. The following tables show the highest and lowest pricea of railroad and miscellaneous stocks in New York for each month of the last five years. The tables are compiled from sales made at the ew York Stock Exchange. One-hundred-share lots form the basis of the compilation, except in the case of those few stocks which sell almost entirely in small lots. In conformity to a change made by the Stock Exchange in April., 1896, we have since that date disregarded all option sales ; previously sales made on three-day options or less were included in the range. Other option sales have always been left out. 189:J. STOCKS. J_ANU __ .A..RY _F_EB_R_'R_Y_. _M_A_R_C_H_. _!:_P_R_I_L_. _MA_Y...:_ _ _::UNE~ JULY. I AUGUST. SJ:PT'BER. OCTOBER. NOV'BJCR. DEC'BER. Low.Hhrh Low. High Low.High Low.Hl~h Low. Hlgh Low.High Low.High Low.High Low.High Low.Hl~h Lo1V.High Low.High RAILROADS. • 4 Albany&Susquehanna 156 -lQ,'3 165¼-165¼ .... - .... 165 -165 165 -165 ... - . . . ... . . - .... 150 -150 160 -150 160 -160 166 -175 165 -167 Atchison Top. & S. Fe .. 33 - 36½ 31¼- 35¾ 30%- 34¾ 31 - 35¾ 23¾- 31¾ 19¾- 26¼ 12¼- 23¾ 13 - 18~ 17¾- 2214 16M- 23¼ 18¾- 21¾ 9:1,t- 22 Atlantic & Pnci1lc....... 4 - 4¾ 3 - 4 3½- 4 3¼- 5¾ 3 - 3½ 2 - 3¾ 1¾- 2 l!li- 2 2¼- 2:1( 2¼- 27' 2¼- 2" 1 - 2 Baltimore & Ohio........ 93½- 97¾ 93 - 97¼ 87 - 93½ 85 - 90¾ 75 - 8!!U 67 - 76¼ 54½- 73¼ 58¼- 68¾ 66 - 70½ 65~- 77% 69¾- 75% 67~- 74!,i Ben efic. interest certs. 9!l½- 95 93½- 9!l 85 - 88½ 86¼- 90½ 78½- 83 75 - 75 ... , - • . .. • . • • - . . .. .. . • - • . • . . . . . - . . . . • . . - .. . . • • • - , •• • Bait. & O. S. W.-Pref. 5¾- 6¾ 6 - 7½ 5¾- 6 3½- 5½ 3¾- 4 . ... - ••....•. - •.•. 4 -· 4 .... - ... 3 - 4 .... - ....... - •.•• Beech Creek............ . . . . - . . . . 92¾- 92¾ 92¾ · 93¾ . . • . - . . . . . . . . - .. . . . . • - . . . . . . . . - . . . . . . . • - • . . . . . . . • .. - . . . . . . . • - • . • . . •• • - , ••• Bost.& N. Y. Alr-L., prt 101 -102½ 100¼-101¾ .. - . .• .. .•• - .... 98 - 98 .... - •... 100 -100 . . . . - .. . .. ..• - .....•.• - •••..... - •.. . ..•• - • .•• Brooklyn Elevated...... 35½- 41¼ 35 - 36 36 - 37 . .•. - . . . . 30¾- 32 ... - . . . . 24 - 24 19 - 20¼ .. .. - ... . .... - ........ - •••..•.. - ... . Buff. Rocl1. & Pittsb .... 36 - 37 33 - 36¼ 32½- 34 33 - 35¾ 30 - 33 31 - 33¾ 23 - 31½ 22 - 23 22 - 27¾ 25 - 30!,.( .• . • - . . . . 20 - 20 Pref . . . . . . . . . . . . . . . . . . . . . . 85½- 86¾ 85 - 85½ 80 - 80 77 - 80 76 - 79 . . . • - • . . . 75 - 80 . . . • - . . . . 70 - 70 . . . . - • • . . .. • • - • . • . . . . • - .••• Bur. C. Rap. & North ... 60 - 65 60 - 62 . ... - .... 58 - 58 50½- 57 . .. . - •... 45 - 45 . . . . - ..... . .. - •••. . . • . - ... . ... • ... 50 - 50 Canadian Pacific. . . . . . 87 - 90¼ 83¼- 86½ 82½- 85½ 82¾- 85 7¾!- 81 75!,.(- 78¾ 66 - 76 67¾- 74¾ 74½- 76 73~- 75¾ 72 - 73½ 70½- 75% Canada Southern....... 55¾- 58¾ M¼- 58¼ 52¼- 5d 54¾- 57¾ 49¾- 54¾ x 4fl¼-51¾ 34¼- 50¼ 39¼- 47 45 - 49 46 - 53" 49¼- 63!,.( x47½-M!I( Cedar Frtlls & Minn.... . 4 - 4 - ........ - ... . .... - ... . .... - . . . . . . - .... . ... - .... .. .. - . . . . 4¼- 5 .... - .... . . . - .. . ..•• - ...• Central of Nt>wJersey. 122%-132¾ 118 -130 114.¼-121 115 -122 104½- 114¾ 99¾-110 84 -104¾ 89½-101 99¼-112¼ 106 -120¾ 115 -120½ 112 -118 Central Pacific . . . . . . . .. . 28¾ • 29¾ 27 - 29 27 - 27½ 26¾- 27 25¼- 26½ 22 - 26 16¾- 19 16¾- 21 19¾- 22¾ 20 - 21 19 - 20¾ 16},i- 19~ Chari. Col. Augusta... . 30 - 30 25 - 25 . . .• - •....... - •. . . 29 - 29 . . .. - . . . . . .. - •....••• - •.•..... - ....•••• - ••••.... - . •.. ...• - •••• Chesapeake & OhioVoting tru,t cert ....... 22¼- 24¼ 22¾- 25½ 22½- 25¼ 22 - 26 17½- 22¼ 15½- 20¼ 12¼- 18¾ 1314- 17¼ 15¾- 18 15¾- 19¾ 18¼- 21¾ 14½- 20~ st pref........ .. .. .. . . . 61½- 62¾ 62¾- 63¾ .... - ... . .... - • . . . . . - . .• . . .• - . . ...... - ... . . . .. - ... . .... - ... . ..•. - •.. . ...• - •. . ..... - .•.• ~d pref'.................. . 41¾- 43 .... - ••• . ... - ........ - ..... . .• - • .. . . .• - •.. . .... - .. .. ... . - .. .. .. . . - . ... . ... - . . . . . . - .... .. . • - . .•• .,bica&ro & Alton .......... 140 -145 141 -145½ 140 -144 141 -144¾ .... - • . 138½·1!1..1 127½-134 126 -130 131 -135 135¼-136 140 -140 136 -141 Pret ... ..................... 170 -170 ...• - .. . ..... ... - .. .. .... - ••. . .... - . . . . . .. - . . . . - .. ..... . - .. . ..... - •....•.. - • . . . ... - .• •• Chic. Burl. & Quincy ... 96¾-103¾ 93¾-102¾ 91¼ - ll6¾ 91¾- 98 81¾- 92¼ 82¾- 88¾ 69¼- 87 71½- 80½ 79 - 87 77¼- 88¾ x78¼-84¼ 73¼- 81¼ Rights ............. :.. . ... . .... - .... ·05 -·05 '42_½-·75 .. - ...... - .. . . .. - ...... .. - . ....... .... - ........ - ....... - .......• - •••• Chic. & Eastern Ill. ... . 69 - 72¼ 66 - 70½ 65¼ - 67 65 - 66¾ 61¾- 65¾ 60 - 62 56 - 59¼ 51 - 55 54 - 56 56 - 58 57½- 62 . . . - ••.• Pref........ . . . . . . . . . . . . . . . . 99%-105 101 -104¾ 98½-103 99 -10<1¼ 95¼- 99 92 - 96½ 89¼- 97 85 - 91 89 - 91\½ 93 - 98½ 98 -100 96½-lOCJ Chic. Mil. & St. Paul. ... 76¼- 83½ 75 - 82¼ 74~- 78¼ 75¾- 79¼ 66¾- 76¾ 65 - 70¾ 46¾- 69½ 50¼- 58½ 56½- 63 56¼- 68¾ 62¼- 66¼ 56¼- 66¾ Pref ............ ··········· · 1122¼-l26 121¾- 125¼ 120½-124 119¼-122½ 115 -119½ 113 -117¾ 100 -115 104 -112½ 112¾-117 114¾-121 118 -121¼ 116 -121¾ Chic. & Northwest ....... 111¾-115¼ ll0¾-116¾ 109¾-113¼ 110¾-115¼ 105 -111 100½-108¼ ~4¾-105½ 90¼- 90¾ 96¼-101¾ 98¼-107¼ 102¼-109½ 97 - 1 ~ Pref ......................... 142½-146 144 -146½ W9 -142 140 -145 138 -140 137 -140 135 -135 128 -135 134 -139 138 -140 x138¾-140 130½-13Wi Chic. R. I. & Pacific ..... 82¼- 89¾ 81¾- 88 80%- 84¾ 80½- 86¼ 68 - 81¼ x66 - 74 51½- 72 54¾- 62 60½- 67¼ 59¾- 7~ 65¾- 71¾ x62½- 71!,.( Chic. St. Paul M. & O ... 47¼- 53¾ 51 - 58¾ 50¾- 55¼ 48 - 55¼ 39 - 60 35 - 41¼ 24 - 39 27¼- 32 31¾- 36½ 33 - 39¼ 36¼- 39¾ 32¼- 40¼ Pref ............. ......... . 117 -119¾ 118 -121 117 -119 118 -120 112 -117 xl05½-ll6 95 -110 94 -102½ 105 -106½ 105 -112½ 116½-117 114½-118 Clev. Cin. Chic. & St.L. 56¾- 60¼ 50½- 58¼ 46¾- 52½ 48¼- 53½ 35 - 48¾ 39 - 42½ 25 - 42½ 30 - 36½ 30%- 39¼ 30½- 38½ 3!l¼- 37¾ 34¾- 3~ Pref............... . ........ 92 - 98¾ 95¼- 97 x91¾- 95 90¼- 91½ 85 - 91 83 - 87 76 - 85½ 76 - 76 76 - 83 74 - 80 80 - 81 80 - 90 Cleve. & Pitts., iruar .. .. 155 -157½ 156%-157½ 156 -157½ 154 -154 148 -154 H6 -152¾ 135 -147 137 -140 145 -145 146½-148 148 -150 148 -150 Col, Hock. Val. & Toi.. 28½- 32¼ 27%- 30¾ 25 29½ 26¼- 29 21 - 26 19 - 22 14½- 20¾ 111¼- 17¼ 17 - 21½ 19¼- 23½ 20¾- 22¾ 18¾- 22~ Pl'Pf' .. . . ... . . ........ . .... - A Ex-dlxidend. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 71 - 7::l~ f\9 - 72½ 69 - 71 69½ - 70 6~ ~- 68¼ 60 69 57 - 60 59½- 59½ 60 - 60 60 - 69 . ..• . .•. 65 ~ RAILROAD 102 A 1893-Continued. JA.llo'UARY FEBR'RY. MARCH. APRIL. JUNE. M.AY. JULY. AUGUST. SEPT'BER. OCTOBER. NOV'BER. DEC'BER. ----------------------1----11-------Low.High Low.High Low.High Low.High Low.High Low.Htirh Low.High Low.High Low.High Low.High Low.High Low.High -------------------1· Delaware & Hudson .. . 131½-139 124 -137¾ 125 -13~ 126½-133 120 -127 119 -12314 102¾-121 107½-115 lll~-121¼ 119 -131¾ 128½-138¾ 127½-136¼ STOCKS. - - • - - 1- - - - 1 - - - - Del. Lack. & Western .. 148¾-156½ 142¼-155¾ 137¾-147½ 14()¾-148¼ 134:J:{-142½ 137¼-UJ);~ 127 -147¼ 130½-141 135¾-150 146½-171¼ 165¾-175 157¾-168¾ Denver & Rio Grande .. 16¾- 18¾ 16¾- 18 15 - 16½ 16 - 17 13¼- 1~ 10¼- 14¼ 8¼- 10½ 81¼- l{}¾ 9¾- 11¼ 9¼- 10¾ 10¼- 10¾ 9 - 11 Pref............... .... ... . . 52¼- 57¼ 51¾- 56¾ 51 - 55½ 53 - ~ 47¼- 52¾ 35 - 49¾ 24 - 38}( 27 - 30¾ 27¾- 31¼ 28 - 31 27¾- 32¾ 30¾- 34¾ 5 - 7¼ 6 - 7 . . . . - . . • . 6 - 6¾ 5 - 5 6 - 7 Des M. & Ft. D. . ... .. .... 8½- 9¾ 8 - 9¾ 7¼- B½ 8 - 8½ 6 - 6¼ 6 - 6 . . . - • • • . . . . - •.•. 24 - 24 . . • . - . • . . • • • - • . . • . . • . - • • • . . . • . - • • • • . . . • - . . • • 26 - 26 . . . . . . . . . . . . - . . . . 22 - 22 23 - 24 Pref. .. ... _. . . . 7 - 7¼ .. .• - • . . . 5¼- 6¾ 7}(- 8 5 - 5¾ 6 - 6 5¼- 9 Duluth .... S. & At 1. .•. .. . 11½- 14¼ 12 - 13¾ 10 - 12¾ 10}(- 10¾ 7 - 9 .. - •... 13 - 13 .. 17 16¼19¼ 17¾16 15 14 11 19½ 16 21½ 15¾25 25 28 24 30 28 32 Pref .... ................... 29 ¼- ¼ .... - ... . ½- ¼ ¾· ½ ¼- ¾ ¼- ¼ ¼- ¾ ¼- 3½ 4¾- 5¾ 3¾- 4¼ 3 - 4 Bast Tenn. Va.&Ga .... 3¾- 5 - . . . . . . . . - . -· . . . . . - . . . . . . . . - . . . . . . . • - ... . 5½ · 8 10 - 15 22 - 22 26¼- 35¾ . . . • - . . . 26 - 26 1st pref...... . . .. . . . . . . . . . 32¼- 33 2½- 2¼ . ..• - .•.. .•.. - •.•. 2 - 3 ... - .. ...... - . .. 4 - 6¼ 2¼- 4 ~d pref ... ... .. . . . ........ 6 - 10% 9 - 11¾ 9 - 9¾ 6 - 9 48 - 70 75 - 83½ 70 - 85 63 - 90 80 - 95 70 -135 Evansville & T. Haute . 145 -152 144 -151 148 -151½ 143¾-U9 131 -141¾ 134 -137 - 18¼ 15 - 16½ . ... - •••. 14 15 14 .... .. . 15¼ 15¾.... .... 19¾ 16 21½ 17 18 - 18½ 15¾- 18 Flint & Pere Marq ...... 20 - 23 55 - 55 . . .. - ... . .... - ........ - ...• .Pref...... .... . ............. 77½- 77½ .. . . - .. .. . .. - .... . ... - ........ - . . . . 59¼- 59¼ .. .. - .... 45 - 45 Great Northern, pref.. . . 132½-137½ 140 -142½ 135½-141¼ 133¾-HO 115 -135 106 -117 100 -110 100 -105 104 -114 106 -110 107¾-109 100 -107 5 3 1 ··· G!: ~!~\vi:.;:·&s~:·.e:~ ··· - ···· ···· - ···· ···· - ···· ···· - ···· Trust receipts ........... 13¾- 14¾ 11¾- 13¾ 10¼- 12½ 8½- 12¼ 7%- 9¼ Pref. trust receipts .... 27½- 29¾ 22 - 22 21 - 25 . ... - .... 12 - 12 Harlem ...................... 260 -260 259 -259 .... - ........ - . .. . . .• - . .. 4 - 4 6½- 7½ 4 - 4 Houston & Texas Cent. 5¾- 6¾ 6¼- 7 99¼-103½ 97¾-102 100¼-103¾ 92 -100½ llllnols Central.. ......... 99 -104 . - ... . .. .. ... .. . . .. . ... 91 91 88 Leased line, 4 p. c •.... 88 8),(- 9¼ 8 - 8¾ 6¼- 8 S - 10 Iowa Central............. . 8%- 11 31¼- 31¾ 19 - 28 28 - 30 30 - 33 Pref... ........... . ......... . 29¾- 37 Kanawha & Michigan. 13¼- 14.½ 14 - 1~ . .•• - . . . rn - 13¼ 10 - 11 Keok. & Des Moines.. .. . . . . - . . . . . . . . - . . . . . . . - . . . . . . . . - . . . . . . . . - . . . . 12¾- 28 . . . . - • . . . 16 Pref. . . . . . . . . . . . . . . . . . . . . . . . . . . - . . . . . . . . - . . . . 16 9 - 9 .. .. - . ... Kingston & Pembroke 14 - 14 . . . . - . . . . 10 - 10 LakeErie&Western .. . 22½- 25¾ 21¾- 24¼ 21 - 22¾ 21¾- 23¾ 16¾- 21 76 - 79¼ 75 - 78½ 76½- 80¾ 67¾- 76 Pref . . ...... . .. .. .. . . . . . . . . 76 - 82 Lake Shore......... . .. ... 127½-132 126¼-131 124½-129 126},s-134¾ 118¾-128 Lonir Island .......... .. .. 105½-118¾ 107 -115 107 -109¼ 106 -110½ 100 -107 L;:~~~: ~~: !! .~~ ~~ ~~ ~~ ~~ ~~ ····I···· - ···· ···· - ···· ···· - ···· ···· - ··· ···· - .... ···· - ··· 6½- 7¾ 6 - 7% 5 - 'i¾ 3 - 5¾ 5 - 7% 5 - 7 .. - .... 12 - 12 .... - ...• 11 - 13 I···· - ... .... - .... 15 - 16 •.. - .... 248 -260 . . . . - .... 248 -250 210 -210 .... - ... . 240 -240 6½- 7½ 3 - 3 1•· ·· - .... 2¾87½- 93¾ 86 - 92½ 80 86 - 86 ...• - . . . . 88½6 - 6¼ 5 - 6¼ 5¼18¼- 21!>4' 12 - 19¾ 14¼... . - .... 11 - 11 . ..• - ... . - . .. . .. .. - .. . . .. .. - . . . . .... - ... .. .... 16 - 18¾ 69 - '1¾ x:119%-125 9'1 -100½ 10 - 10 . • • . - • .•• 12¼-16¾ 53 - 70¼ 104 -121 90 - 99 . .. 2¼- 2½ .... - ........ - ..•• 91¼- 94¾ 89 - 94¼ 94¼ 91 - 98 .. - •.. . ........ - . .. . 88 - 88 7)4- 8¼ 7 - 7¾ 6½- 8 8 22¼- 30¼ 24 - 29 20 - 28 22 10 - 10 10 - 11 9 - 9 10 . . . . - . . . . 5¾- 5¾ .. . . - . . . . . . . . - ..• 12½- 12½ . . . - •. . . . . - . . . . 12 - 12 . . . . - . . . . . . . . - . . . . . . • . - . . . . . . . . - .... 16¾- 18¼ 14.¾- 17¾ 15 - 18¾ 15 - 19 61¼- 69 67 - 70 66 - 71 67 - 70 117¼-123¾ 119¾-129½ 126¼-130¾ x:119½-129 -102¼ 99 99 96¾97½ 92¾90 - 95 2¾ . ... 91 94 88½ .. . . 6¾ 6 19¾ 18½.... 10 - ...• - ... .... - .... 13%- 15½ 55 - 64 109 -119 90 - 96 ~~ ~~ ~~ ~ ~~ ~.~¾= ~~.J::: ~½= ~~. = .. :::: = ::: -~~. = ... = . . .. = :::.: .. = ... = .. . = ... .~ :.--:.~.~.~· :: = ::¾ !~½= & 46½- 51¾ 39¾- 53¼ 64¾- 72¾ 61¾- 68¾ 47½- 66¾ 52 - 58¾ 49 - 58½ 431}/i- 53 LoulsvUle & Nashville . 71¾- 77¾ 73 - 76¾ 72½- 75¾ 72¼- 76 "~~i~:~t:.:t::~: : ~: ·~: :~": ~~ ·~: :?.t: ~~: :~ :~: ~~: :: I :": ::_ Pref. ......... ... ....... .. Loulsv. St. L. & Texas Mahoninu:: Coal R'wav .. Pref ........ . . . . . . . .. . . ... . . Manhattan Consol ...... Manhattan Beach Co... 1 :. : ~~ ; : :~ ::: ifu :~": ;;~ ::;,.:;::: 38¼- 43¾ 34 - 42¾ . .. - ........ - ........ - . .. . ... - ........ - ........ - ........ - ........ - .... .... - .. . . 38 - 4S 2¾- 3½ 2¾- 2¾ 24½- 27¾ 20¾- 25¾ 21¾· 21¾ .... - ...... . . - .... 19½- 20½ .. .. - ... . 4 - 5¾ 6 - 8¾ 5 - 5 1 •••• ••• • • • • • •• • • • • • • ••••••• •••••••• ••• • • • • • ... - ....... - .... 100 -100 .... 1 ••• • ••• • . • • • • • • . • • • • •••• . .. - . . . . . .. - ... . .... - ... . .... - : : : : ~05 -105 ·· .::: - ::::C: - ........ - ........ - ... 153 -17'1¾ 156 -169 9 - 11 5 - 11 156¾-172¼ 144 -170½ 115 -H5 5 - 5 8 - 8¾ 7 - 8 llll¾:-133½ 100 -125¾ 105 -119 4 = 4 4 = 5 I 3 = 5 116¾-134¾ 122¾-135 '1 = 4 3¾= 4 I 125- 133¾ 120½-129¾ 4¾= 4¾ 3 3 = iif:1Ji~I]:r:;g ~=1! ;~~t t i:~ t :t ~-: t· ,:; : ~= ~ sj¾: ;}~ :f ;~~.,; :;: 1 1 1 ~ ~i: 1 1 1 ;~ 11¼- 13'7~ 8¾- 13¼ 9½- 13¾ 9¾- 13 9½- 10¾ 6 - 11 10 - 12½ 10 - 12¾ - .... .... - ... . ... - .... 13¾- 16 Trust 1.·eceipts... .. ... . .. Pref. . ... ... ... . .. ......... 47 - 49 4'1¼- 4~ 43 - 43 45 - 4.5 . ... - ........ - ........ - . . . . . . . - ...... . - ..... ... - ....... - ........ - ... . 25 - 37½ Tru!!t recelptiJ ....... ...... - ........ - .... 45¾- 45~ ... - ... . 30 - 32¼ 29 - 31¾ 18 - 25 18 - 28½ 27 - 31½ 28 - 3'1¾ 34 - 39 - . ... Minn. St. P. & S.S. M .. 39½- 39¾ 19½- 19¾ .... - .. ...... - ....... - .... . . - .•. . ... - ...... .. - ....... . - ... ..... - ........ - .... - 14½ 13 14½ 12¾13¼ 10½12½ U 11½ 9¾10¾ 8 12¼ 11 13¼ 11¼H½ 13 14¾ 13¾15¾ 13¾16 13%... Mo . Kansas & Texas 17 - 21½, 181¼- 23¾ 22¾- 26¾ 22¾- 27¼ 14¾- 19 18½- 21-'1! 13¾- 20 Pref ........................ 25 - 28¾ 23¾- 26¾ 22¾- 25 2'1 - 27¼ 19¾- 24 34 - 46¼ 30 - 37¾ 16½- 34¾ 1 }:(- 23½ 21¼- 28¾! 20¾- 29¾ 23%- 27¾ 20¼- 27¾ 54¾- 58¾ 48 - 56¾ 45¾- 54 Missouri Paclftc. .. .. . . . . . 55¾- 60 Mobile & Ohio .... ..... .. 34.½- 35¾ 33 - 37 30 - 33¾ 24 - 83¾ 16 - 25½ 18 - 20½ 6¾- 18 10 - 14 13 - 14½ 13 - 16 14½- 17½ 15¾- 22¾ Morris & Essex ........... 151½-155 153¾-15!¾ 150 -163 148:1:(-152½ 145 -149¼ 141%-148¾ UO -142¼ 136 -139¾ 140¼-146 1145¾-150 150 -154½ 149 -154¾ 70 - 70 65 - 75 58¾- 60 60¾- 61 79 - 80½ 55 - 60 ~ - 85 86 - 88 88 - 90 - 89¾ 85 - 88 Nashv. Chatt. & St. L ... 8~ - 88 N. Y. Cent. & Bud. Riv. 108¾-111½ 108¼-110¾ 103½-109½ 105 -109¾ 98 -106¾ *99¾-104¾ 92 -102 96¼-102 100¾-104¾ 100 -104 101 -103¾ x97¼ 103¼ ·is¼= 20·· .i6¾= io· ·1 i6¾=iS¾ 20½ ·is =i1·· ·~~=·:¾ . 9%= i4¾ ·i1 =is¼·;;¾= i4iis 17 = N~~~~t:ic~·&s~:°i~.".·1·~: 68¾- 70 73 - 76 67 - 67½ 57 - 65¾ 45 - 59 52 1st pref........... . .... .. . 76¾- 78 68 - 68 so - 35 23 - 29¾ 18 - 25¼ 20 35 - 41 35 3'1¾37¾ 33½38¾ 35 . . . . ..... 2d pref ........... N. Y. Lack. & West . .. .. 112¾-114 . . .. - . ... 112 -113 113 -113 .... - .... 112 -112 .•.. - .... 99¾· N. Y.LakeErle &West. 23¼- 26¾ 20¾- 25% 19 - 22½ 19½- 22¾ 17¾- 20½ 15¾- 18¾ 7¾- 17¾ 10 21¼33 - 38¼ 15 - 34 36%- 42 P1•ef .... . .. . . . . ... . ... . . . 53 - 58 47¾- 56¾ 43¼- 49¼ 46 - 49 29 - 3!¾ 23½- 30¾ 19¾- 24¾ 16:J4- 23½ 17 21 - 3'1 N. Y. & New Enllland. .. 44¾- 52¼ 28¾- 51 N. Y.N.Ha.ven&Hartt. 256 -262¾253¼-261 .... - . .. .. . . - ..... ..• - .... 202¼-210 .... - . .. .. .. . . . .. - ........ - .... .... . . . . . . . - .. . . 16 - 20 .... - . . . . .... . .. .. . . . .. . Right" 5 - 15 . ... - ........ - ........ - ........ N. Y. & Northern ...... 14¼- 19 16¼- 16½ .. . . - ..• 8 12 - 14½ 9 - 13 10¾- 15 26½- 3<1¾ 22½- 30½ 17 - 25 26 - 38 . . .. . . .Pref ....... N. Y. Ontario & West ... 18 - 19¾ 17¼- 19 16½;- 17¾ 16¾- 18½1 14¾- 16½ 13¾- 15¼ ll - 14¾ 12½- ........ - ......• - ........ ¾- ¾ .. ¾- ¾ ½- ½ ¾- ~ N.Y.Pa.&Ohio........ ¾¾- ¾ .... - ... . ¾- ¼ 1¾- 1½ 1 - 1¼ 1 - 1 ¾- 2 Pref. .................. . . ... N. Y. Susq. & West. .... 1174'- 21¾ 15¾- 20¾ 16¼- 19~ 16 - 19¼ 13¾- 16¾ 12 - U½ 8 - 13¾ 9½.. - ........ - . ... . . - ....... - .. . .. New stock ....... ....... . . . .. . - ........ - .. . . .. - .. . 52 - 55 .... 53 - 57 67 - 72½ 55¾- 67 P-ref . ....................... 68¼- 73¾ 64 - 70 65 - 72 31 - .. . ..... - .... 39 - 42 1iew pref. . ... ............ .... - .... .... - ........ - .... . , .. - .. .. 50 - 50 .... - ... . .... 59 - 59 'Norfelk & Southern.... .. - .... 60 - 60 .• •. - • • . . 59 - 59 5¼- 1¾ 6 7 - 8¾ 6¼- 7 orfolk& Western... ... 9¾- 9¾ 8 - 9¾ 7 - 8¾ 8 - 8 Pref ........ .... .... . ... ... 37 - 39½ 34½- 37~ 31J.1i- 32¾ 29¾- 32¾ 26¾- 30¾ 20 - 28 16½- 20½ 19 7 - 12¾ 3¾14 *12¼· 16¼ 12¾17½ Northern Paclflc ......... i6 - 18¾ 1<!¾- 18½ 15¼- 17½ 16 31½- 36¼ 18¼- 34¾ 15¾38 - 44¾ 32 - 39 36¾- 5()¾ 38 - 44 Pref............. . . ..... .. .. 45¼- 50 11¾11 - 14 14¾- 15 15 - 18 21¾- 22½ 18½- 21 -Ohio & Mls81sslppi. ... . .. 22 - 2'1% 21;1!- 25 42¾- 44½ 25 - 42 . . . . - . . . . . . • . - . . . . . Ohio Southern.. .. . . . . . . . . 43 - 49 44 - 46 43 - 43 32 57 - 57H 39%- 60 50 - 69 71 - 74 -Oreiroo Ry. & Nav. Co. 74½- Si½ 74 - 78 72½- 76 10¾- ll¾ 7 12 ·· 12 12½- 15 18 - 20½ 18½- 19 18¾- 2! -Oreir. Sb. L. & Utah No. 21¼- 25 6~10 4 12 8¾13 10 14¾ 12¼17 14 18 16¼· 18½ 16½. . Peoria Dec. & Evan8v '1 - 4¾ 3 7 - 7 Peoria & Eastern.. ...... 7 - 9¾ . . . - . . . . . . - . . . . . . . . - . . . . 5 - 5 12¼15¾- 26¼ 12¾- 18¾ 12 - 15 Phila. &Readiou:: .. ...... 48¾- 53¾ 25 - 51½ 22¾- 28 22¾- 30 15½- 15½ 11¾16 - 18¼ 14 - 15 Pitts. Cinn. Ch. & St. L 19 - 21½ 18½- 20½ 17¼- 19 19 - 21 40 - 50½ 41¼50 - 56 49¾- 56 56¾- 60 56 - 57 55 - 62 Pref ............. . .... ... . 60¾- 62 •P itts. Ft. W. & c., 1rua1.·. 154¾-155 156 -156 156 -156 151¾-153¾ 149 -15'1 145 -151¾ 144 -144 ... . - P~:;~:~~~p~r.~r:;;~~~ ·as : 37¾ ·3;;½: so¼ ,R ens. & Saratoira .. ..... . 32¾: 39½ ·as½: 42½ 20 : 35¾ 1 ~! : :~¾130 x Ex-dixidend. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis .... - ... ... .. . . . . - .. . . . . . . 30 - 39 35 - .... - .... .... - =3;½ ·2s· : 29 175~-175½ . ... - ....... - .... 165 -165 1151 -151 150 -160 %- 3¼ . ... - ... .. ... - .... 9 - 10¼ 6¼- 10¾ 2¾- 8¼ % · 2¾ +¾- 3¾ +¼- 1¾ . . . ... - ........ - . . . . ........ - . . . . . . . . - . . . . 1 - 2½ . . . . . . . . . . . . . . . ... . .... - . .. . .. .. 36 - 39½ 27 - 38½ 18 - 27½ 15½- 18½ .... - . . . . . . . - .... 43 - . .. . 17 - 18¾ 12 - 18½ 10 - 12¾ ... .... . - ........ - . .. . 21 - 21 . . . . - . . . . . - . . . . . . . . - . . . . . . . . - . . . . • . . . 16 - 22 Sil~- 59½ ... - ... ..... - .... 60 - 61¼ 59¾- 61¾ 60 - 60 178 -176 178 -179 Richmond & West Pt. .. 7 - 10¼ 9¼- 12 Trust receipts ..... .... . ,... Zd assessment paid.. Pref ........................ Trust receipts ........ Rio Grande '\\' es tern.. .. . . ......... Pref...... .. 1 22 - 22 . . . . 62 - 62½ .... * Ex rights. t 1st usessmeut oald. ·is·½= is·· ·is io¾ = = 18 68 - 68 65¼- 69 55¾ 57 - 60 j 55 - 6"3 28 - 32¾ 29 - 33 2'1 - 34 23¾ 23 - 25 99¾ 106½-10~ 107 -107 108½-110 111 -ill¾ 13¼- 15¾ 13¼- 16 12¾- 16¼ 13¼- 16 15 31¼- 33¾ 28¾- 32 29 - 32 29¾ 26¾- 34 9¾- 31½ 26½- 36% 25¾- 35 23¼ 20 - 30 .... 188 -200 191 -197¼197 -198 196 -198 • .. ...•. - ..... ... - . . . . . .• - .... .. .. - ... . . ...... . - .... 5 - 5¾ .... - .... .. .. - ... . 8 - 12¾ 9 - 12¾ 7 - 10½ 5 - 5¾ 12 U¾ u - 15% 14¾- 18¼ 16¾- 17½ 14½ - 17¾ .•. ... .. - •.... . . . - . . .. .... - ... .. ... - ••. ¾ . .. - ... . .. .. - ..... .. • - ..... .. - .. . ... . - ...... . - ... ... .. - .. . 12¾ . .. . ... . 12¾- 15¾ 13 - 16¾ 15¾- 18½ 13¾- l'i¾ . . . . ... - . . . . . .. - .. ...... - .... ... . - •• 42¾ 40½- 46¾ 41¼- 49½ 47¾- 52¾ 41 - 49 . . . . 50 - 50 .... - .... .... - ........ - .. . 6¼' 6 - 6 . ... - ........ - ....... - •• .. 19¾- 21¼ 19 - 22% 227~ 23¾- 24¼ 20 - 22 6¼- 7¾ 4 - 7 5¾- 9¾ 6¾- 8 9 24½ 18½- 25¾ 181¼- 25¾ 20¾- 23½ 18¼- 24¼ 15 - 15 .. .. - . . . . . .. - •... 17½- 19 15 . . . • - . . . . . . . . - ...• . .. . . .. . - . . .. .. .. 25 - 30½ 25 - 32 25¼- 40 42 - 46 43 6 - 6¾ 4¾- 8¼ 5½- 9 8½- 11 9 7 - 8¾ (}¾- 8½ 4½- 7 7½- 9 8 3 - 3 .. ... 5 - 5 4¾ 5 - 5 17 - 21¾ 18¼ 14¾- 21¾ 15%- 23¾ 19¼- 23 13¼ lll¼- 16¼ 14%- 16¼ 16 - 16¾ 10 - 15 51 - 55½ 40¾- 49 48½- 53 45 - 51 43 .... 141 -145 147 -147 149¾-151 .... - .. .. ·2s : 30½ ·;s : 33½ ·ao : 33¾ ·2·i : a2·· . .. . - .... 160 -160 170 1 - 1 ... , - ... ....• +¾- 2¾ +1 - :!,¾ •••• 2 - 4.¾ 2¾- 4¾ 3 . ... - .. ...... - ........ 13 - · 18½ 15 - 17½ 15 . . . . - . . . . 10 - 15¾ 15 40 - 40 .... - . . . . . .. -175 .... - .. .. .. • - •••..••• 3¾ 2½- . . ...... 133'- 16 15 - 20 - .... ... - .. . ... . ••• • 3¾ ... 16 16~ ... . RAILROAD A 103 1893-Continued. STOCKS. JANUARY FEBR'RY. - - - ---- MARCH. APRIL. JULY. AUGUST. SEPT'BER. JUNE. ---- - - - -MAY - - ------- ---- - - - OCTOBER. NOV'BER. DEC'BER. - - ----.--- - - - - - - - - - - - - - - Low.High Low.High Low.High Low.High Low.High Low.High Low.High Low.High Low.High Low.High Low.l:llgh Low.High Rome Wat. & Ogdensb, 111 -112~ 111 -111~ 11()¼-111¾ St. Jos. & Gr. Island.. . . 8½- 9% . ... 9%- Q¼ St. Louis Alton & T. H. 35 - 35 - • . . . 31 - 33 Pref • •· • ...... ...... . . - ... . 150 -150¼ St. Louis Southeru ...... . ... St. Loub Southw... .. .. . 5h- 7¾ 6¾- 7¾ 6 - 7 Preferred ................ 12 - 15 12!,(- 14¾ 11% 13¾ St. Paul & Duluth....... 41¼- 47¾ 42¾- <l.7¾ 42¾- 45 Pref..... .................. 106¾-108 104½-106 104 -106 Bt. Paul ,l 'llnn. & Man .. 111 -112¾ 112¾-116¾ 114).s-115½ Sixth Avenue :Horse) .. .... - .... .... - . .. . South Carolina........... 1 - 1½ 1¼- 1½ Southern Pacific Co..... 33¾- 35¾ 31 - 33% 31 - 33 Texas & Pacific....... .. 9¾- 11 9 - 10 8¼- Q¾ Texas & Pac. Land Tr .. 13 - 13 13¾- 13½ 12 - 12¾ Third A venue (Horse).. Toi. A. A. & No. Mich .. 37¾- 40¾ 37 - 40¼ 36:J(- 39½ Toi. & Ohio Central.... 50 - 50 44 - 44 - .... Pref .... ... ......... ... ... . 79 - 85 78 - 78 Toi. St. L. & Kan. City 14 - 17 9 - 14 f.l'ret........ ... . . . . . . . . . . . . . 27 - 31 29 - 30½ . . . . Union Pn.cUic ........... . . 39 - 42¾ 36¾- 41% 35 - 38¾ U01on Pac. Den. & Gult 16¾ 18½ 14 - 16¾ 13¼- 15½ United Co1npan's, N. J . .... - ........ - ... . .... Utica & Black River ... .. . . - . . . . Wabash............ ......... 11 - 12 11¾- 12¾ 10 - 11% Pret ..... ................... 23¾- 26¼ 22%- 26¾ 20¾- 24¾ Wheelinir & L. Erle .... 19¾- 23¾ 18¼- 20¾ 15 - 19¼ Prel .................... .... 62¾- 67¼ 61 - 65% 57 - 61½ WI cousin Central Co .. 14 - 15¾ 12 - 15¾ 12 - 13 EXPRE~S. Adams ...................... . 152¾-160 American .................. . 117 -120 United States.............. 57¾- 70¾ Wells, Fn.ra-o & Co ...... 140 -149¾ COAL & MINING. American Coal.. .......... Colorado C. & I. Devel. Colorado Fuel & Iron.. Pref....... . . . . . . . .. . . .. . . Col. & Hock. C. & I.... Pref........................ Consolidation Con.I..... Homestake Mlnlna-.. . Lehigh & W. B. C..:oal • .. Marsha.II Consol. Con.I. Maryland Coal........... Pref............ ........... Minnesota Iron........... New Centro.I Coal. ....... Ontario Sliver Mlntna- .. Pen,nsvlvaoia Coal....... Quicksilver Minlna-..... . Pref .......... . ............. Staudar1I Mining........ . Tennessee Coal & Iron Pref ..... ................ .. 83 - 83 18¼- 24¾ 57¼- 64½ 108 -111½ 18¾- 29¾ 40 - 55 30 - 31 llQ¾-111 107½-110 6¾- 7¾ 12 - H¼ 41 - 45¼ 105 -105 112 -114¾ 5¾· 7 5 - 6!4 3¾- 5¾ 10 - 12% 9½- 12;14 6 - 10¾ 32 - 40'.<~ 30 - 35 27 - 34½\ 100 -103 100 -102¼ 101 -101 110 -112 105 -110 95 -103¾ 46¾- 48¼ 20¾- 25¾ 64 - 72 107½-111 18¼- 24 90 - 90 90 - 94 18½- 22 14 - 18 19¼- 23 60 - 69¾ 403-.(- 60 64½- 70 L05 -108 15½- 20½ 11 - 20½ 1½- 12 13 - 13 156 117 60 149 -15!J¾ -118½ - 64¼ -150 - A½-15 25 - 25 lM -108 105 -108 107½-lll 22¾- 22¾ . • • • - .. . • 25 - 25 - .... 145 -145 95 - 95 .••. 4 - 5 4 - 5¾ 4¾- 5½ 5 - 5¾ 7 - 9 8 - 9¾ 7¾- 10¾ 9 - 10½ 22 - 29 24¼- 27¾ 25¾- 28!4 25½- 26¾ oo - 97 Q2 - 93¾ 100 -100 00 - 95 95¼-102 102 -lv6 102¾-106 105 -106½ - ...... . . - .... 204 -204 .... - .. . 1 - 1 30¾- 33 28¾- 30){ 26¾- 28¾ 17¾- 27¾ 18 - 21¾ 17¾- 21 17¾- 19¾ 18½- 19~ 734- 9% 7 - 8¼ 5¾- 7~ 4¾- 6¾ 5 - 6¾ 6¼ · 7% ff¾- 9 7¾- 9¼ U¾- 11¾ 9 - 11½ . .. . - . ... 8 - 9 8 - 9 9 - 10¾ 8¾- 10 . ... . ... - ... . 142¾-143 140 -157¾ 153 -160 10¾- 40 7¾- 16 7¾- 12½ 8 - 11¾ 7 - 10 7 - 10½ 7¾- 12¼1 7 - 8½ 48 - 50 40 - 45 39½- !5 40 - 40 22¾- 23 2: - 32 31 - 35 38 - 40 75 - '77¾ 73 - 74 70 - 73 . ... - . . . . 6, - 67 70 - 70 74 - 74 8 - 8 - ... .. .. . 12 - 15 14 - 15 . . . . - .. . .. .. 34¼- 38% 28¼- 36 23¾ - 30¾ 15¾- 26¾ 15¾- 22¾ 19¾- 24¾ 15¾- 21 17 - 20¾ 14 - 16¾ 9¾- 13 7 - 10¼ 5 - 8¼ 5 - 7 6 - 8½ 5¾- 7 5½- 5½ ... . - ........ - ....... - .... 222¾-222½ ...• - •... . .. - ... 140 -143 . ... - ........ - ........ - ... . .... - ... . 9¼- 11¾ 8 - 9¾ 7¾- B¾ 5¾- 8 5¾- 7½ 6¾- 8¾ 6%- 9 7¼- 8½ 20 - 23¾ 16¼- 19% 15¾- 17% 10 - 16½ 11¾- 15¾ 14 - 17¾ 14 - 17¾ 15 - 17¼ 16¾- 18½ 10¾- 17 12 - 16¾ 10 - 13¾ 10 - 13¾ 12 - 14% 12¾- 16¼ 14¼- 15% 55 - 58¾ 43¾· 57 44½- 52¼ 31 - 50¼ 36% - 41¾ 41¾- 48 42¼- 55¼ 51 - 52Ji 12 - 12¾ 8 - 12 7 - P 6¼- 8 4¾- 6¾ 5¾- 7¼ 4¼- 7 6¼- 6¾ 155 -160 116¼-120 61 - 66 1463-.(-149 25 - 25 100 -107¾ 98½-101 32 - 32 30 - 37¾ . . . • - .. . . 32½- 32½ 20 ..: 27 . . . . - ..•.. .. . - .... 150 -150 158 -160 117¼-120 60 - 70 146 -148 29 - 29 105¼-110 108½-111 . .•. - 150 -153 113¾-117¾ 53 - 61 144 -148 .... .... - 140 105 51 142 -146½ -115 - 58 -147 135 -150 105 -111¾ 49 - 54 137¾ -140 134 100 43 125 -140½ 138 -140 -108 1093-.(-110 - 50 50 - 55 -139 130 -130 - .... .. .. 87 - 87 . ... 12 - 15¼ 7 - 12½ 8¼- 9% 9 - 10 36¾- 46 20 - 38 17¾- 23¾ 20¾- 27½ 80 -80 60 - 88 80 - 80 7¾- 9¾ 5 8 5¾- 7¾ 7½- 10½ - 26 - 28 27 - 27 13 - 14¾ 13½- 13¾ 12 - 12 25 - 25 27 - 27 12½- 12½ . .. - 140 110 50 125 00 10 23 70 8 -145 -117 - 56 -135 - 22 - 27¾ 145¾·145½ 4 8 27 86 105 - 4½ - 10 - 28 - 90 -107 19 - 22¾ 6¾- 9¾ L61 -185 5¾- 7¾ 40 - 40 75 - 75 16¾- 23;14" 4¾- 1½ .... 6¾12½12¾47 4¾- ... . 8 17¼ 15% 54% 6 144 150 149 -156¾ 113 -117½ 111 -117 51 - 54¾ 49¾- 54 120 -129 122 -132 . .. .... - 90 14 9 - 11 11 - 11 28 23 - 25 22¼- 26¾ 70 60 - 60 10¾ 8 - 9¼ 7¾- 9¾ 10 - 10¾ . . . • - . . . . 10¼- 12 - •... 22-22 .... - 25½- 25½ 23 - 27¾ 26¾· 26¾ 22 - 26 26 - 29 65 - 67 68 - 69½ 66 - 66½ 64 - 66¼ 64-64 10·¾- 11¾ 9½- 11¾ 9½- 9½ 8 - 9¾ 16½- 19 14 - 15¼ 15 - 16 14½- 16 .. .. - ... . 300 -300 2¼- 2½ 3 - 3½ 2 - 3 - .... 17 - 18½ 20 - 20 12 - 14 - . . .. . .. 1·50-1·50 33¾- 37:k, 25¾- 36 25 - 29¼ 19 - 27½ 97¼-102 100 -103 100 -100 84 - 88 - ... .. ... - 26½- 26½ .... - .... 60-60 8 - 8¼ 16¼- 17 290 -290" 2½- 2% 12 - 15¾ .. . . 60 - 60 ... . 10 260 .... 17 - 16 -295 - 17 16¼- 20¾ 12 - 18 75 - 77 70¾- 75 60-60 57¾- 57¾ 55 - 55 7 - 7 9 .... - 9 2 - 2 6 - 6¼ 8¼7 - 9 8 8¼- 9¾ . . .. - 8¾7¼1¼- 1¼ 1¾- . . . . 12 7 - 8 10¼- 16¾ 10¼- 15 13¾- 16¾ 14 - 17 59 - 61 . . . . - . . . . 61 - 61 9 9 - 9 7¾ 6¼- 8~ .... 276 -276 2 1¾- 1¾ 12 1:1 11½- 12¾ 15 - 16 14 - 17~ VARIOUS. 33 - 38 33¾- 39¼ 29 - 38¼ 26¼- 31 24 - 35¾ 25 - 33½ 32 - 86 Amer. Cotton Oil Co.... 42¼- 47¾ 45¾- 51 46 - 51¾ 42½- 50¼ 30 - 44 69 - 77¾ 70 - 77¾ 60 - 69¾ 64 - 72 Pref............ . . . . . . . .. . . . 82 - 83¾ 80 - 64 79 - 83¼ 78 - 82¾ 68 - 78¼ , 68 - 71¾ 50 - 66¾ 54¾- 65 44 - 45½- 40 - 40 ! 50 38 - 45 52 48 59 53 50 35 - 44 Amer. Ditit. Telea-raph. 55%- 58¾ 53 - 58½ 54 - 56¼ 55½- 61¾ 82 - 93¾ 86½-105¼ 80 -102¼ x78¾-R4¾ 61¾- 85¾ 64¾- 86 Amer. Sua-ar Ret. Co ... lll¾-132¾ lll¾-134¾ x92¾-126% 98½-107¾ 62 - 99½ 77¼- 93 Pref................ ... . . . . 99¾-104½ 99¾-104 x94 -102 96 -100¼ 68 - 96½ 77 - 88¾ 66½- 82¾ 68 - 85¾ 82¾- 90 fl6 - 9! 81¾- 92¼ x81¾-85¾ 84½- 68 85 - 88 82 - 00 78 - 82 65¾- 76~ 77 - 83 Amer. Tel. & Cable Co. 86 - 91½ 88 - 92½ 88½- 90 88 - 90 80 - 88 81 - 85 19½- 92¾ 68 - 82½ 77½- 92 43 - 65 58 - 78 50 - 73½ 69 - eo 53¾- ll7 American Tobacco Co .. 113 -121 104 -117¼ 90 -107½ 76¾-101 90 97¼99¼ -100 93 86 84 92 75 88¼96¾ - 99½ - 83 75 - 82½ - S8 Pref ....................... 105%-110¾ 104½-108 99¾-106 102 -102% 5¼- 5¼ 4 - 4 4 - 4 5¾ Brunswick Co ........ . .. . .... - ... .. ... - . 8½- 8½ 8¾- 9¼ 7 - 7¼ 4 Cent. & ~o. Am. Tel'a-b 112 -115 110 -133~ . . . . - .. .. .... - •... 59 - 83¾ 65¼- 74¼, 39 - 70¾ 40 - 55 52¾- 64¾ 56¾- 69¾ 58¼- 68 59¾- 69~ Chlcaa-o Gas Co....... . . 85¾- 94½ 85¾- 92¾ xi¾¾- 91¾ 82¾- 93 - . . .. 1·10 -1·ao no -rz5 1·15 -1·50 120 -140 Dividend scrip ..... . . . . . . 80 91 91 93 95 - 95 Chien.go Junction R' y .. 101 -108 99¾-105 99½-102 101 -101 80 - 91 . . . . - . . . . . . . . Chic. J unc. Ry., pref... 93¾- 93¾ . . 55 - 55 - . . . 105¾-106¾ 99¾-100 . ... ~ltlzens' Gas, Bk'lyu ... 109 -109 108 -108 106 -108¼ 108¼-108¾ Claflin (H.B. Co.) ...... 116 -123½ 123 -125 Pref.. . ............ . ...... 101 -101 . . . . - . . . . . . . . - •... . ... Commercial Cable ...... . . . . - .. :. 180 -180 185 -185 Consolidated Gas ....... . 124¾-144 125¾-138¾ U!O -132 125¾-131½ 112 -134½ 119 -130¾ 108 -125 115 -127 124½-131½ 126 -137 132¾-135¾ 124 -132 Dlst1ll'g & Cat. F. Co . . 36¼- 66¾ 32 - 44½ 30 - 37½ 22¾- 33½ 13 - 25¾ 15½- 24¼ 12 - Z<l.¾ 14 - 23¾ 18%- 27 25¾- 35¾ 25¾- 33¾ 18¾- 30¼ Edison Elec. Illum. Co. 114¾-125½ 122 -131 120 -127 120 -128 109 -120½ 104 -108¾ 90 -106 71¾- 89 87 - 99% 92 -103 95 - 99 96½- 99~ "Edi on Elec. 11., B' klyu . . . - . . . . . . . . - . . . . . . .. - ... . 101 -101 Equitable Gas Co .... . . .. 190 -100 ... - . .. 190 -198 .. . . - . .. . . . .. - ... 165 -165 General Electric Co .... 109¾-114¼ 103¼-111¾ 98 -107¾ 97 -108¾ 58 - 97% 653-.(- 75% 30 - 72½ 36 - 51¼ 37¾- 49¾ 40¾- 52 33½- 48½ 31¾- 39½ Pref....................... . . . . . 88 - 88 . ... Gold & Stock Tel'a-ph .. .... - ... . .... 103 -103 - • • . . . • . . - . . . . 22¾- 22¾ Interior Cond. & Ins. . . 60 - 71 64 - 66 6! - 65 63 - 67 43 - 63 41 - 41 40 - 40 .... Illinois Steel..... .. . . 63 - 64 4¾- 7 Keeley Motor ............ . ... . Laclede Gn.11, St. Louis. 23¾- 26 20¾- 24½ ~0¼- 21¾ 19¾- 21½ 14¼- 18 15 - 18 10 - 15¾ 9;14"- 12½ 13 - 15¾ 13¾- 18¾ 16½- 18 15 - 16½ 48 - 55 55 - 62 60 - 66¾ 66 - 71¾ 69½- 69½ Pref....... . ................ . 71 - 74 71 - 74¾ 61.l - 70¾ 68 - 71 57 - 62 55¾- 59¼ 55 - 57 10 - 10 .... - ........ - . .. . Mex. at. Construct'n .. ... - .. 92½92½ Mlch.-Penin. Car. Co .. . 100½-102¼ 99½-106 98¼-100 - .. . 97 - 97 - • . . . 89¼- 89¾ 49¼- 50 85 - 85 Pret ..... ................... 1~-100% 98 -101¾ 97 - 98¾ 97 - 98 88 - 00 National Uordatie Co ... 135¾-143¾ 136 -147 .... - .... 9¾- 57 9¾- 17¾ 7¾- 11 ...• New certificates ........ .... - .. .. 57 - 75 57¼- 64½ 57¾- 69 10 - 15 7 - 11¾ . . .. 1st assessment paid ..... - .~. 13 - 28¼ 21¾- 30¾ ~0¾- 29¾ 18½- 26¾ 16¾- 20¾ 2d assessment paid.. . .. - . . . . . .. 48 69 Pref·..... ................ 110¾-118½ 109 -117 105¾-111 101 -110¼ 39 -101 40 - 54 22-35 - ........ 1st as essment po.id . ... . 46 - 46 54 - 69 46 - 65¾ 49 - 54½ 42 - 48 ~d assessment paid . .... 19%- 22¾ 14½- 21¾ 14%- 19'7/li 16¾- 19½ 1~- 19 l'i - 20¾ 20¾- 29 "Nat. Linseed Oil Co ..... 38 - 41 36½- 40 34¾- 37¾ 30 - 37 25 - 31 - X Ex dividend. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 104- ..:-L~D RAILROAD MI 189:1-(;on~ I oded. STOCKS. JANUARY FEBR'RY. APRIL. MARCH. MAY. JUNE. JULY. AUGUST. SEPT'BER OCTOBER Nov'BER. DEC'Bll:R. Low.High Low.High Low.High Low.High Low.HiJ,?b Low.High Low.High Low .HIJ,?b Low.High Low.High Low.High Low.HIF,b 21½- 29¾ 24½- 32½ 25¾- 29¾ National Lead Co ....... . 44½- 52¼ 38¾· 50 35 - 42¾ 36¾- 44¾ 26 - 37¼ 27 - 33 18½- 31 53 - 69½ 67½- 74¾ 70 - O½ 65¼- 72¼ 48 - 69 78¾- 91¾ 79¾- 87¾ 67 - 81 88 - 95 Pref................ . . . . . . . . 92¾- 96 7½- 10!}.( 6 - 9 6 - 8¾ 8 - 11½ 8 - 11½ Nat. Starch ltlfg-. Co. ... 25½- 34¾ 20½- ~7 20¾- 24¾ 19½- 28 12 - 17 60 - 60 .... 80 - 87 93 - 93 1 t pref ......... . ...... ... 102 -103¾ 89¼-101 23-25 .... 23 - 31 25 - 62 2d pref ........ ........ . .. ~ 96J.9-103¼ 82 - 93½ 82 - 90 85 - 88½ 97 - 97 .... N. Y.&TexasLand. 5 - 5% North American Co ..... . 10 - 11¾ 9 - 11~ 8¾- 11¾ 9 - 11¾ 8 - 10½ 7¾- 9}( 4%- 8¾ 2¾- 5¾ 5 - 6 9 - 11¾ 9¼- 12 10 - 10 .... - ... . 8 - 10 Orea-on lmprovem't Co . 19~- 19½ 18 - 2l¾ 19%- 10¾ .... Pacific Mail S.S.......... 26 - 27½ 23 - 26¾ 22½- 25¾ 20 - 25¾ 17¾- 23½ 17¼- 20½ 8½- 18¾ 9¾- 11½ 11¾- 17 14 - 19¾ H¾- 15 Phila. Co., Nat. Gns ...... - . . .... .. 55½- 6!¾ 55½- 58¾ 57¼- 61¾ 57¾- 68¼ 68 - ', ~¾ 54¼- 6!¾ 61¾- 68¾ 66¼- 70½ 55¼- 67 Pipe Line Certificates .. 52¾- 54 82 - 83½ .... - ........ - ........ - ... . Postal Tel. & Cable..... .... 1 Pullman Palace Car ... . 196¼-199¼ 192½-198½ 190½-197¾ 197½-206 170 -180 164 -174¾ 133 -ltS3½ 132 -155 155 -173¾ 166 -177 13¾- 16¾ . ... Rilthts ..... ................ ... R. I. Perkins Hor esh .. 109 -109 109¾-110 . ... - . .. . . .. - .... ilver Bullion Certs... 83 - 84¾ 83¾- 8-1¼ 82¼- 83¾ 82¾- 83¼ 84 - 81½ 62 - 83½ 69 - 75¾ 72¾- 78½ 73 - 75¾ 73¾- 74 43¾- 44 54 -,- 56¾ .... Southern Cotton Oil .... 50 - 50 u. S. Rubber Co........ 42¾- 46¼ 43 - 46½ 42 - 58¾ 51½- 60¾ 33 - 57ll! 34½- 45 25 - 38 17 - 29 29 - 35 29!,t- 4.5 75 - 89½ 75 - 77 51 - 68 70 - 81½ 65 - 77 Pref. ... .. .. . . . . . . . . . . . . . 94¼- 99 92½- 97 93 - 99 x90 - 99 69 - 91 Western Union Beef.... .... - .. .. .... - ... . 80¾- 93% 84¾ 78 72¼- 81 94¼- 98¾ 92¼- 96¾ 88¾- 96¾ 80.¼- 88½ 79¼- 8!¾ 67¼- 83 Western Uoion Tel.. ... . 94¾-101 Westlna-h. Elec,, 1st pf. 97 - 97 .... - ........ 75 - 75 . . . . - . . . . . . . - . . . . . . . . - . . . . . . . . - . . . . 20¼- 20~~ 40½- 40½ All(U"Dtf'd ........... ....... 73 - 74¾ 70¾- 70~ 68 - 68 X 22¾63 10¾49 40 - 28¾ 21 - 26 78 12 49 55 63 - 71 6 - 6¾ 4¼- 5¼ 3½- 5 11 - 13¼ 12 - 16 13 - 16~ 16.¼- 10 72 - 75¼ 76¾- 79¼ 47¾- 47¾ .... l70¼-175¾ 162 -175 70¼- 70½ .... 38 - 44.¾ 39¼- 47¾ 84 - 90¾ 83½- 89 6 - 6¼ 85¾- 91½ 81 - 92~ . . . . - . .. .• . •. Ex-dividend. 1894. STOCKS. JANUARY FEBR'RY. APRIL. MARCH. MAY. JU NE. JULY. AUGUST. SEPT'BER. OCTOBER. NOV'BEH. l>EC'BER. - - - - - - - - - - - - - - - - - -- ---- - - - - - - - - - - - - - - - ---•--1-- - -· _ _ _ _ _ _ _ _ _ _ _ ~w.High Low.High L~_w_.H_lgh _Lo_w_._Hhrh Low.Hip:b Low.Hlp:h Low.Hip:b ~ow.High Low.Hip:h Low.Hiirh Low.High Low.High_ RAILROADS. Albany&8u9quehannn . . .. - .... . .. - ........ - .... 176 -176 .... - ..... .. . - . .. . 166 -167¼ . ... - . .... .. . Atchison Top, & S. Fe. . 9¼- 12% 11¾- 12½ 12¾- 16 13'½- 1tl 7¾- 14¼ 4¼- 8½ 3 - 5½ 3¾- 7½ 6 - 8~ 4.~- 6¼ 4~- 6¾ 3¾- 63,t ½- l Atlantic & Pacific ....... . ¼- 1¼ 1 - 1¼ 1¾- 1~ 1 - l¾ 1¼- 1¾ 1 - 1 ¾- 1¾ 1 - 1% 1 - 1¾ 1½- 1¾ 1¼- 1% 70 - 73.½ 69¼- 76!1.( 76 - 78¾ 68 - 76~ 67 - 70 Baltimore & Ohio.. ..... . 67 - 69 69 - 73 69½- 79¾ 79 - 81½ 71 - 77 69¼ · 71 56¾- 67'-f Benefic, Int'st certif8 . .... 9M-10 3}i · 3¼ 4¼- 4¼ .... Bait. & O. S. W.-Pref . .... 12 - 12 5 - 5 Bah. & O. S. W. R'wav.. .... 6 - 6 .. .. - . . . 15 - 15¾ 15¼- 15¾ . . . . Pref., new..... ....... . . . . . . . . 10¾- 10¾ . . . . - . . . . 10 - 11 6 7 - .... 135 -135 .... Belle. & So. Ill.-Pref .. . ... - .... 135 -135 - ... . 100 -100 Bos. & N. Y. A, L.-Pf .. .... . .. . lOO}i-100~ 11½- 18 . . . - .. .. 10 -13 Brooklyn Elevated ...... .... - .... 17 - 17 .... 20¼- 20½ 20¼- 20¼ 20 - 20.½ ... . 20 - 24¼ 22 - 22 .... - •... 20 - 20 Buff. Roch. & Plttsb. . . . 20 - 24 61 - 61 .... ................ .... Pref - ... . 55-55 45 - 45 50 - 50 52 - 52 50½- 60½ ... . Bur. C, Rap. & North ... .... 58 - 60¾ 63 5S½66½ 62 67½ 65%68½ 63~66 63}465¼ 62¾66¾ 65¾Canadian Pacific. . . . . .. 70½- 73½ 67 - 72 67 - 69% 67 - 69~ Canada Southern .. . . ... 47 - 51¼ 49¼- 51½ 50 - 52½ 50¾- 52¾ 49 - 51 *47 - 50½ 4.8}4- 49~ 4.8¼- 53¾ 51¾- 63½ 49¼- 52¼ 49¾- 62¾ 48¾- 51~ 5¼- 6½ .... - ...• 6 - 6 4 - 5¾ 4 - 4 4½- 5 OedarFnll8& ltllnn .. .... .. Central of Nt>wJersey . 111 -ll6¾ 114¼-116 114.½-117¾ 1107-(-115 104 -111 105 -107½ 106¼ 107 107¼-116 lll½-115½ 90½-112¾ 89¾- 98¼ 87½- 94¼ Central Pacific ..... .. . .. 14 - 157-( 11¼- 13¼ 14 - 17 15½- 16¼ 13 - 14¼ 10}4- 13¾ 11 - lZ½i 12 - 12 15 - 18¾ 14¼- 18 14¼- 16 14 - 14¼ Chesapeake & Ohio..... 16¼- 18¾ 16¼- 18¼ 17½- 19¼ 18¼- 20¼ 16 - 18~ 16¼- 18 16¼- 17 16¾- 21¾ 19¾- 21¾ 17¾- !P¾ 17%- 19¾ 16¾- 1~ Cblcairo & Alton ......... . 134 -137 130 -136 134½-14.0 140 -14.0 138 -HO 139 -14.2 140½ 142 142 -14.2 141 -141 145 -145 146 -14.6½ 145:J( -1461 Rlp:hts. .. .. .. . . . . . . . . . . . . . . . . . . - . . . . 2 - 2¼ 2¼- 2¼ . • • • - •••.. ... 160 -160 . . . . .Pref . . . . . . . . . . . . . . . . . . . . . . . Obie. Burl. & Quincy ... 73¼- 77% 73~- 77¼ 77 - 84¼ 77¾- 83½ 75¾- 80% 76¾- 79% 72¾- 77¼ 70 - 79¾ 72¾- 78¾ 71¾- 74% 68¾- 76¾ 68¾· 731& 50¼- 5()¾ . . . - . . . . 50 - 50¼ 55 - 55 . . . . . . - . . . . . . . . - . . . . 52 - 62 . . . . - . . . . 54 - 54 65 - 55 . . . . Chic. & Eastern Ill. . . . . . . . . 95 - 95 94 - 95 95½- 95½ 93 - 93 .... - . ....... - . .. . 96:J:!- 96¾ 96¼- 9i¾ 94 - 96 96½- 96½ 97 - 97 Pref.. .. .. ...... . . ..... ..... 93½- 97 Ohle. ltlll. & St. Paul. ... 54¼- 60¾ 55½- 59¾ 59 - 64¾ 61¼- 65¾ 56¼- 63¼ 57¾- 61½ 56¾- 60¾ 56¾- 66¼ 63¾- 67¾ 59½- 62¾ 57½- 64¼ 56¾- 60¼ .Pref ........................ 116 -118½ 118 -118 119 -123½ 119¾-121¼ 117¾-119¼ 118¾·120 117½-119¾ 117 -121¾ 122 -123½ 118½-120¾ 116½-121 117:}.t-120¼ Chic. & Northwest..... .. 97 -104¾ 101%-104:J--! 104 -109 107 -110¼ 107 -109¾ 104½-110¾ 101¾-105¾ 102½-108¼ 102¼-107 98¼-104¾ 96%-104¾ 96¼-100¼ -145 141 -141¼ 143 -143 140 -141 142 -142 141¾-143 142¼-145 142¾ 145 141 -142¼ .Pref ......................... 135½-140 139 -140 IU<9½-141 Ohle. R. I, & Pacific... .. 61½- 68¾ 65 - 68¼ 67¾- 71¾ 68¾- 72¾ 65¾- 69¾ *66¾- 69¾ 63¾- 68¼ 62¼- 69¾ 60¾- 66¾ 58½- 61¼ 60 - 65½ 60½- 64¾ Obie. St. Paul M. & O . .. 32½- 38 S5¼- 38 36¾- 40 38¾- 41¾ 34%- 39¾ 35 - 37½ 34 - 36¾ 34¼- 39¾ 35¼- 38½ 32¼- 36 32¼- 36¾ 32 - 34-¼ Pref ........ ........ . ...... 109¾-112½ 112 -112¼ 112 -115¾ 114¼·116 115 -116 112 -113 114¼-116 111 -115 113½-114 110½-113 110 -112½ lll½-lll½ Olev. Clo. Chic. & St.L. 31 - 37% 35¾- 38¾ 37 - 41¾1 37½- !l0:J( 35½- 39 36 - a8'M 34 - 37¼ 33½- !l2 39 - 413/4 36 - 39½ 36¼ - 39¾ 37½- 39¾ 84¾- 85 .... - . . . . 82 - S4 82¼- 827-" 85 - 85 84¼- 85¼/ 85¼- 85¼ 88 - 88 . .. . - . . . . 85 - 85 78 - 80 Pref..................... . .. 78 - 82 Cleve. & Pitts., a-oar .... 147 -147 .... - ........ - . ... 154 -154 151 -154¼ 150 -150 . ... - ........ - . . . 153:J(-153!}.( . .. . - ..... . .. - . .. ..... _ 0 [142 ::;:t.-~?:\~-~~:: :: ::~ :: :; z- ?I'_1::: ··~ -~:: ::: :~: '.?: :r ~"' -t :~ ::-: t t: : ::: '~= ,.: Delaware & Hudson ... 129)4-136 135 -138 135¼-139¾ 137¾-144½ tl31½-40½ 129)4 -132 126',(-133½ 133 -137 134 -137 119¾-134 122½-1Z9¼ 123 -127~ - . . . . . . . . - . . . . . . . . - . . . . . . . . - . . . . . . . . - .... 4¼- 4¾ 4¼- 4¾ 4 - 4¾ Rla-bts.... ... ... . . . . . . . . . . . . . . . - . . . . . . . . - . . . . . . . . - . ... Del. Lack. & Western .. 161¾-170½ 165½-169¾ 165¾-167¾ 161¼-167 158 -162 159½-1111½ 158½-164¾ 162 -167½ 168 -174 l55¼·171¾ 156 -162½ 158 -163 Denver & Rio Grande.. 10¼- 10¾ 10 - 101,li 10 - 11¾ 1 10¾- 11% 10¼- 10~ 9¾- 9¾ 8¼- 8¼ 9¾- 12½ 11¼- 11¾ 10½· 11 11¼- 13 11¼- 12 33¼- 36¾ 32 - 34¼ 32¾- 37% 33 - 35¾ .Pref............... .. . . .. . . . 30 - 32¼ 29½- 32½ 29¼- 32¼ 31¾- 34¾ ~ - 32¼ 24 - 30½ 25 - 27¾ 27¼- 36 5½- 5:}J 6 - 6 5½- 6¾ j 6½- 7% 6¾- 6¾ 7 - 7~ . . . . - . . . . 6 - 6¾ . . • . 5¼- 5½ . . . . De■ ltl. & Ft. D.. .. . . . . . . . 30 _ 33 34 - 34 . • • . . . . . 31 - 33 · Pref............ . . . . . . . . . . . . 14 - 14 1·... 4 .... 4 4½- 4½ . . . . 5~- 5!':( . . . . 7 - 7¾ 7 - 8 Duluth S. S. & Atl. ... . . . 6 - 7 . . . . - . . . . 13 - 13 . . . . 15 - 15 . . . - . . . . 16%- 16¾ lS - 19 Pref.... . . . . . . . . . . .. . . . . . . . 15 - 15 ... ¾ ¼· . . ... . . . ¾- ¾ ... Ea8tTenn. Va.&Ga .... 1 3 - 4¾ 3¼- 4¾ .... 2d a s ses8ment paid.... ... 6¼- 6¾ 5½- 6 6 - 7 .... 3d assessment paid .... .... All assessments paid . .... 9¼- 11¼ 11¼- 12~ 10½- 11¾ 11 - 11~ . . . . 1st pref., 'ld ass't pd .. . .. - . ... 12 - 12 12 - 13 1st pref., 3d nss't pd .. .... 11½- 13½ 12¾- 12¾ . . . . - . . . . . . . - . . . . . . . . 1st pref., all a s't pd .... 19¾- 19¾ . . . . - . . . . . . . - . . . . 14½- 19 4½- 5½ 1 5¾ 7½ 6¾- 6½ ~d pref., ~d ass't paid .... 8 - 8 . I 2 d pref., 3d aa 't paid .... 7¾- 7½ 8¾- 10¼ .... ........ 2d pref., all ass't pd .. .... 11 - 13½ 13¾- U¾ 12½- 12~ 13 - 13¾ . . . . 10 - 10 58 - 64¼ 55 - 56 67 - 68 EYansville & T. Haute . 55 - 65 60 - 65 60 - 65 ~-W ~-~ ~-% ~-6 ~-~ fil-U . . . . - . . . . 14½- 14½ 14 - 16¾ Fflnt & Pere Marq . . . . . . . . . . - . . . . 40 - 4.0½ . . . . H½ · 4:i½ . . . . - . . . . 45 - 45 Pref..... .... ... . . . . . . . . . . . . . . . . Great Northern, pref. . .. 100 -103 101½-103 101½-103 j •10t¾-l06 100 -104 100 -102 10-J -102 102 -1031}.! 101½-l0lX! 101 -104 100½-101¾ 101½-1023' Gr. Bay Win, & St• .P.Trust receipts........... 4 - 5 5 - 5 3½- 4½ 3½- 4¾ 1 6½- 7¼ 5 - 6 5 - 7¼ ~½- 5% 4½- ,H~ 3¾- 5¼ 4½- 5 • 3¾ Pref............................ 12 - 12 1%- 3 - .... 250 -260 258 -258 266 -260 260 -263 264 -264 . . . . - . . . . . . . . - . . . 260 -260 Harlem ............... .. .. . . . . . . . - . ... 259 -259 Houston & Texas Cent. 2¼- 2½ . . . . ~ 2¼- 2½ 3¾- 3¾ 2¼- 2½ 2½- 2½ Illlnols Central. .......... 89¼- 93¼ 90½- ll!l½ 91!':(- 95 90 - 90½ 89 - 91½ 90½- 94½ 94½- 95¼ 91¾- 9<i 89½- 9! 93½- 95 82¾- 89M 90 - 93 86½- 86½ . . . . - .. I l'l:, - /'l!'; Ql - IH . Ill - 92 Leased line, 4 p. r. - . ... 90-90 j.... - .... 1 • Ex-dividend. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis t Ex-dividend and ri11ht<>. RAILROAD 105 A I 894-Cootinued. STOCKS, JA.NUA1:: FEBR'RY. _!_ARCH. APRIL, MAY. ~ . JULY_:_ ] AUGUST. ~ OCTOBER. N o ~ DEC'BER. Low.Rtgh Low.High Low.Hlirh Low.Rig~ ~ow.High Low.High Low.High \Low.Hiirh Low.High Low.High Low.High Low.H~~ 6 - 8 Iowa Central............. he1. . ............ ........... 23¾- 29 Kanawha& Mlcblgn.n. 9 - 9 7 - 7½ 6½- 7~ 7J4- 8 10 - 11¾ 9½- ll¾ 97-(- 107-( 9 - 9½ 8¼- 10¾ 7¾- 9¼ 7 - 7½ 7¾- 11 25½- 26½ 25 - 25 26½- 30 32 - 33 32½- 36 31 - 35½ 32 - 34 26½- 29¾ 30 - 35½ 35 - 39¾ 33½- 39 8¾- 8¾ b¾- 8¾ 7¼- 7¼ .... - . ... 7¾- 8 9 - 9¼ 8 - 8 8 - 9 ~!ft-.i:';~!"i:~!~:; ·'.:.: :. i5 : ID!j Hlj-"" 1! : 1:i. liii- i6 hef........ .. . .. . . .. .. .. . .. 63 - 67¾ Lake Sho-re .... ............ 11~-128 Loilll Island............ .. . 98¾-100 Lou. Ev. & St. L.Con.- .... - ... . Louisville & Nashville. 40¼- 47¼ Loul8v.New Alb.&Chlc. 8½- 10 hef........ . . . . .. . . . .. . . . 33 - 40 Louisv. St, L, & Texas .... - ... . ~lahonlng Coal Ry ...... . ... - ... . ... .. . ..... . ....... . .. - . .. Pref Manhattan Consol ...... 118½-124 Manhattan Beacll Oo... . ... - .. . . Mexican Cent-rn.1 . .. .. . . . 7½- 7½ Mlchl(ln.n Central ........ 9G - 99 Minn. & St. L., tr, rec .. 10 - 11½ Tr. rec., 1st ass't pd .. ... T-r. rec., 2d ass't pd . .. .... Tr. rec .• all aH't pd .. .. .. Pref, trm1t recelptit.... 28 - 32 Pf. tr. rec., 1st as. pd .... Pf. tr. rec., 2d as. pd .. .... - .... m!~ .:._r~:::;•~ 63 - 63 125 -128½ 98 - 98½ 5 - 6 45 - 47¾ 8 - 9¾ 32¾- 33¾ 1¼- 1¼ .... - . .. .... - . .. . ... - .... 107 -107 122¾-126¾ 4¼- 4½ 6¼- 61¼ 6¼- 7¾ 97 -100¾ 98 - 99'.¼ 10½- 12½ 9'¼- 11 t20½-124 4 - 4 30½- 31 30¾- 35 . .. - .. . . .. . - .. . . 1 .i2¾= is¼ ~::~:~: "i2* Pref ...................... .. 22¾- 25¾ 22 - 24¾ MIHourl Pacific ......... . 18¼- 24½ 21¾- 24½ Mobile & Ohio.... ........ 15½- 19 16¼- 18 Morris & Essex ........... 148 -151¾ 148 -150 Nn.shv. Chatt. & St. L ... 70 - 70 71 - 71 N, Y. Cent. & Bud. Riv. 95¾-101¾ 96¾-101½ N. Y. Chic. &St. Louis. 14 - 16¾ 15 - 16½ 1st pref........... .. .. .. . . 66 - 74¼ 73 - 75½ 2d pref................ .... 30 - 34 30¾- 3! N. Y. Lack. & We8t . ... . 110¼-111¾ 111 -112 N. Y.Ln.keErle&West. 13¼- 15½ 15¼- 16¾ Pref........ . ............ 29½- 33¾ 32½- 38¾ N. Y. & New England... 7½- 14¾ 10¼- 12¾ i4¼ 65 - 69 126¾-131 90 - 99 .... - . . 46¾- 51½ 814:- 9>11 31½- 33½ .... - . . . ::lj: ::;. ;~l = ;;;;I;~~ ;i~ ;; -19)( 16 -18lj 16 : :~ ::.: :" 65¾- 67¼ 65¾- 66¾ 65 - 72¼ 72 - 74 66¾- 69 67!J,!- 70 L28¼-130½ 128¾-132¾ 129 -133¾ 127¾-130½ 128½-139 134½-137 88½- 92 87 - 91 87 - 87½ 87¾- 88½ 88½- ~9½ 87 - 88 71 - 73 70 - 74. 69½- 72 130½-136¾ 131¾-138 133½-138 85½- 861¼ 88 - 88 89 - 89 53 - 56¾ 52'¼- M~ 52¾ 43¾- 50½ 43),(- 46½ 43¾- 46½ 45~- 57¾ 54¾- 57¾ 52¾- 56 6¾- 7!J§ 6 - 8½ 6½- 77~ 7¾- 9½ 7¾- 9~ 7 - 7¾ 6%- 8 9'¼ 7¼- 9 20 - 24¾ 20½- 23½ 20 - 22~ 19¾- 26¾ 23 - 291¼ 22½- 28 20½- 26 :-WC¾ 25 - 31 1¾ .. . . - ... . 102 -102 . . .. 106 -106 . . . . - .... . ... - . .. . 104 -104 1 125 - 127¾ 113 -126 lU -118 111½-117 112 -122 113½-120'¼ 104½-116½ 102¾-108¾ 103¼-107!J§ 3¾- 3¾ 21¼- 21¼ .... .... 7 - 7 8½- ~ BJ4- 8¾ .. .. 7 - 7 7¼- 8:J.( 7 - 7J4 6½- 7 98 - 98¼ 95 - 99½ 97¾- 98½ 98 - 99½ 97 -10(• 97¾- 98¾ 95¾- 98¼ !15 - 97½ 94 - 94 4 - 5¾ 2 - 5¾ ... - .... ... 11¾- 13¾ 10½- 11!,(i 8 - 10¾ 3¾- 8 14¼- 14¾ ... . 12½- 14 17½- 19 ... . - ... . . . .. 27 - 27½ 29 - 30¼ 27¾- 30~ 30 - 34½ 15¾- 25½ 20 - 21½ 15 - 20½ .... 34 - 38½ 32½- 3i 29 - 30 26¾- 30 - ... . .... 31 - 34 . ... - ........ - ....... - ... . .... 49¼8¼30½1¾- i6¾ = = ::½= ~:~ !!'¼ !!¾= !!¾ 13¾ 12'¼- 15¼ 14¾- 15½ !! ·i2 22 - 23),,( 19½- 21¾ 20 - 24¾ 22¾- 24¼ 21 - 22¼ 21 - 24 2H½- 27¾ 23¾- 31¼ 26½- 307~ 26½- 28¾ 27¾- 30¾ 26¾- 29% 18½- 19½ 18 - 19¾ 18¾- 19 18¼- 18¼ 17 - 21½ 19 - 21 152¾-154¾ 154 -155;J.( 158¾-160 159¾-161 160 -162 160),,(-164 66 - 68 66 - 66 69'¼- 70 70 - 70 66¾- 66¾ 65 - 69 96¾-102½ 99 -101:J.! 97¾-100¼ 97½-100¾ :x:98¾-1~ 95¾- 98 13 - 14 14 - 15 14 - 15 14½- 16¾ 14¾- 16 13½- 14 71 - 71 65 - 68½ 67 - 67 65 - 65 68 - 68 62 - 62 28½- 29 28 - 30 27½- 28 27½- 30'¼ 27 - 28 25 - 26 114 -114½ 115¼-115¼ 113¾-115 115 -116 1151¼-117½ 116¼-117 13¼-14.½ 12¼- 16½ 14¾- 16¾ ~ - 14¾ 10¾-16¼ 9½- 12~ 23 - 24 28¾- 31 26 - 28 29 - 31 26½- 31 27¾- 29 12½- 12½ .... 6 - 6 9 - 9¾ 13¾- 14¾ 13¼- 20¼ .... - _. . ..... 25¾ -28¾ 26¾- 28¾ ... . .. - .... 31 - 33¾ 29 - 32¾ 80¼- 33½ 30½- 32~ 179 -185¾ 178 -182½ 180 -183½ 179 -180 181¼-1!.'3¼ 100 -195 193 -197~ 'is¼= is¾ \·i2 = 14~ 'is¾= is¾ . i4½= 23½- 25'¼ 24¾- 27¼ 21¼- 25¾ 18¾- 2-'3 22¾- 28¼ 28½- 32½ 24¾- 31½ 25 - 21! 18~- 20½ 18 - 22 18 - 20 17 - 19 150¼-153¾ 152 -156 155 -157 151¼-153¾ 70 - 70 70 - 70 74 - 74 74 - 74 98¾-101'¼ 98½-101¼ 95¾-100 *96¼- 99¼ 15¼- 16¾ 13½- 15½ 14 - 14.¼ 15 - 16 64 - 64¾ 71 - 72!)4 6<i - 70 69¾- 71 27½- 27½ 32 - 34¾ 28¾- 31 32 - 33 llQ¾-113½ 112 -113½ 113¾-113'¼ 113!14-114¾ 11¾- 14¾ 16¾- 18¾ 15¾-18¼ 12¾- 16 27¾- 29½ 25¾- 31 37¼- 39¼ 33¾- 35 91¼- 12¾ 8¾- 12¾ 3¾- 8½ 3 - 6¼ 8½- 9¾ 8¾- 10 Tr. rec., 1st ass't paid .... Tr. -rec., 2d n.ss't paid .. . Tr. rec,, 3d ass't paid .... Tr. rec., all ass't paid .... N. Y. N. Haven & Hartt. 185 -100 183 -185 180½-195 L89 -193 179 -189 5½- 5¾ .... 6 - 6 N. Y. & Northern, pref..... N. Y. Ontario & We8t ... 14¾- 16¼ 15¾- 16¼ 16 - 17 15¾- 17¾ 14'¼- 16¾ 14 - 15¾ 14¾- 151,4 14¾- 17½ 16¾- 17:J.( 15¼- 16'¼ 15½- ltl¾ 15¼- 15~ _ . . . . .. . _ .. .. .. •• _ .. . . . .. . _ _. .. ½- ½ . . . - . . . . . . . . _ N. Y. Pa. & Ohio........ . . . . ½- ¾ .... _ ....... _ ¾- ¾ .... _ ... .. ... _ ¾- ½ .... _ ... . Pref.................... .... .... N. Y. Susq, & West..... 14 - 15¾ 15¾- 16¼ 15l':(- 16¾ 15 - 16¼ 14¼- 15~ 14¾- 151¼ 13¾- 14¾ 14 - 17¼ 16¾- 17½ 13¾- 17 14½- 16½ 14~- lSff 44½- 46 43!JJ(- 46~ 40¾- 45 36 - 4011, 39½- 41½ 38½- 40¾ 39¾- 45¼ 43 - 48 41 - 45½ H¾- 46 42 - 42¾ Pref ........................ 40 - 45 64 - 65 .... - ........ - .... 65 - 65 58 - 59½ .... - ... . Norfolk & Southern .... 51 - 52 5¾- 7 4 - 4½ 4¾- 8¼ 7'.¼1- 9½ 6'¼- 8½ 6½- 8 5 - 5 6¾- 1½ 5½- 6 5¾- 7 Norfolk & Western ...... .... - 24¼ 22 - 23¾ 17 - 2~ 22 26!)4 24¾~ 19¾21~ 177k 21~ 20 26 211¼24¼ 19 21J.9 20 20 17¾. ........... . Pref .... ...... 4 - 4¾ 4 - 4¾ 3'¼- 4¾ 3¾- 4¼ 3½- 3'¼ 3½- 5¼ 4¾- 6 Northern Paclfl~ ......... 4 - 5¼ 4¼- 4½ 4¾- 6¼ 4¾- 6¼ 3¼- 5 Pref........................ 13¼- 19 16¾- 18¾ 17¾- 23¾ 181¼- 22¾ 12¼- 19¾ 12¾- 17¾ 121¼- 15¼ 13¾- 20~ 17¾- 22¾ 16¼- 19¼ 16¾- 19¾ 16 - 18~ 16¾- 16¾ Ohio & M1881sslppl. ... ... . .. - ........ 16¾- 1?¼ 15¼- 16½ 17 - 18 12 - 17 Ohio Southern .............. - ........ - . . . Oreiroo R:v. & Nav. Co. 24 - 25 25 - 25 25 - 30 25 - 27 18½- 20½ 10 - 15 15 - 15 17½- 20¾ 22 - 24 20 - 23¼ 19 - 21¾ 18 - 21 8 - 8 8 - 8 7 - 9 4¼- 6 4'¼- 6¾ 4¾- 5 7½-10½ 8 -10¾ 6¼- 7 Oreg.Sh.L.&UtahNo. 4¾- 6¼ 7 - 8 3½- 4¾ 3¾- 3¾ 3¾- 4 2¾- ' 6¼ 3½- 5 2¾- 3 3 - 4 Peorln.Dec. & Evansv. . 3!)4- 4!)4 4¾- 4¾ 4¼- 5¾ 41¼- 5½ ·3¾- 5 2½- 2½ . . . . - . . . . 2'¾- 2'¼ 2'¼- 2'¼ 2 - 3 3 - 6 5 - 5 .. .. - . . . . 5 - 5 4~- 5½ Peoria & En.stern........ . . . . - . . . Pblla. &Readioir, ....... 17½- 21 20 - 22¼ 19'¼- 23¾ 18¼- 22),( H¾- 19 14¾- 17!)4 15¾- 18¼ 17 - 22'¼ 17),(- 22'¼ 16½- 20¼ 15¼- 18¾ 13¼- 16!ij 15 - 16~ 18¾ 18 - 21¼ 15 - 18¾ 15 - 18 11½10¾ 10½lZ 10¾13 Pitts. Clnn. Ch, & St.L 12 - 14'¼ 14¾- 14¾ 14 - 14!¼ 13¼- 15¾ 12½43 - 47 41 - 50½ 42¾- 48 45 - 49¾ 49 - 54 42 - 43 46 - 47¾ 44½- 46 47 - 53 Pref ..... ................. 44 - 50 46 - 50 !l8 - 52 Pltt8. Ft. W.&C., guar. 149 -150 151 -151 151 -151 15~ -152 153 -154 150 -150 150 -152½ 153 -153 152 -153 155½-155½ 158½-160 .... - .... .... - .... 150 -150t 143 -143 Special . . .. .. . .. .. .... • .... _ .... ~-128¾ .... _ Pittsb. McK, & Yough . . . .. - 29½ 28½- 30½ 30 - 35 25 27 26 26 - ... . 20 - 20¼ 20 - .... 26 - 28½ 27 - 29¼ ... Pitt,&W.-Prf.tr.1·ects 26 - 28 - ... . 181 -181 Rens. & Saro.toga ........ 175 -17.S 172¼-172¼ 175 -178 180 -180 .... - .... 180 - 180 ..•. '¼- '.¼ .... Richmond & West Pt ... .... 2~ 3¼ .... Tr. rec, , 1st n.ss't pd.. 1 - 1¾ 2 - 3 3 - 4¾ 3:/:1:- 5 2d assessment paid.. 2 - 3 6¾- 7¾ 7 - 9¾ 7 - 9¼ .... 3d assessment paid.. .. . . - . . . . 10¾- 11¾ 10¼- ll!JJ( 10¾- 12½ 12 - 12 • • • . 4th asses8ment paid .. .. ~th assessment paid . .. . 14¾- 14¾ 14½- 18½ 18 - 19¾ 16¾-:. 18¾ 15¾- 18¾ 15¾- 16¾ Pref". trust receipts .... .... - ... . 12½- 17 16 - 18 16¼- 18¾ 15 - 16 15 - 17 16½- 18¾ 18 - 23 21¾- 23½ 19½- 22½ .. . . - •.. • 23 - 2ri ...... . . Rio Grande Western .... .... - .... 15 - 15 .... - .. . . 15 - 16¾ .. . . - ... . Rome Wat. & Oirdensb. 110 -112 110 -111!,,i 110 -112 110½-111½ 109½-111½ 110 -113 112¾-114 112 -lH½ 115 -117 117 -118 115½-117 115¾-117 32 - 34 33 - 33 30 - 33½ 33 - 33 30½- 321¼ 32 - 35 25¾- 35 !!9t. Louis Alton & T. H. 20 - 20 .... - . . . . 23 - 23 32 - 39¾ 87 - ~ . ... - .... 150 -151½ . ... - .. . ..... - .... 167½-167½ .... P-ref ....................... 95½- 96 ... . St. Louis Southern ...... .... 4¾- 5½ 4½- ~ 4 - 4 4¾- 4'¼ 4 - 5 4¾- 5½ 4¾- 5 St. Loul8 Southw..... .. . 4 - 5 3 - 4¾ 3¾- 5~ 4½- 5½ 4~- 5 9¾· 11 8¾ · 10 7¾- 9¼ 7¼- 8¾ 7 - '7½ 7 - 9'¼ 8¾- 10¾ 8¾- 9½ 9¾- 10¾ 9 - 10 Preferred................ 7½- 9¼ 81¼- 9 24 -25 .... St. Paul & Duluth....... 22'¼- 25 24 - 2! 23 - 25 26 - 27 23-24 24-24 22 -26 26 -28 Pref..... . . . .. .. .. .. .. . .. . . 88 - 88 92½- 92½ 95 - 95 86 - 95 88-88 .... 86 - 93 . .. . - .. .. 89 - 00¼ 89¾- 89~ 00 - 95 St. Paul :lllnn. & lUan .. 100 -103 102 -104 104 -105 103 -106 105 -107 103 -103 102 -104.½ 101 -105 104½-104¾ 107 -110 108 -109 109 -111 Second Avenue (Horse) .... - .... 118 -118 .... Southern (vot. tr. ctfs,1 .... 12 - 13'¼ 13¾- 14'¼ ill¼- 13¾ 1~- 13¾ 10½- 12 36 -38½ Pref. 34½- 3~ 34¼- 41½ 41¾- 45~ 40 -42¾ 35 -41 20¾- 21¾ 17¾- 20¾ 17¾- 20¾ 18¼- 19¾ Southern Pacific Co..... 20 - 24 22 - 23¾ 23 - 25 20½- 24 18 - 20'¼ 18 - 20½ 17½- 18¾ .... 24 - 2<i 13 - 25 'l'exas Central........... . ... 13 - 18 . . .. - ... . 14 - 14 Pref ......................... 26-26 .... - .. . . 26-26 8 - 10 8 - 9 Texas & Pacific........... . 7 - 9 8 - 10'¼ 9¾- 10¾ 9),~- 10¼ 9½- 10¾ 9¼- 103,g 8 - 9¼ 8 - 9 8½- 10¼ 7¾- 9 9¾- 9¾ 8 - 13¼ 8 - 8 Texas & Pac. Land Tr.. 7½- 7½ 8¼- 8¼ 8½- 10 9¼- 10¾ 7¾- 7¾ 8¾- 9¾ 9½- 9½ 10 - 11~ 10 - 10 Third A venue (Horse) .. 172½-172½ . . . . - .... 187½-187½ .... - ........ - ... . .... - .... 185½-186 .... 6 - 6 Toi. A. A. & No. Mich.. 5¼- 7 6½- 10½ 8 - 11¾ 5 - 8¾ 4 - 6¼ 3½- 4¾ 4¾- 6¼ 5¼- 9¾ 4½- 7¼ 2¾- 5!)d 2 - 3 <i6 - .l6 4d¾- 51 51 - 51 Toi. & Ohio Central.... 38 - 38 36 - 36 35 - 35 36¾- 45 34U- 37 34 - 35 36½- 36¾ . . . . 75 - 75 77 - 77 75 . - 'i5 65 - 65 l'ref ....... .... . ... ..... 75 - 'i5 75 - 75 15 - 1'=Toi. Peoria & West'n .. • Ex-dividend. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 1 06 RAILROAD A 1 89 4-Concluded. JANUARY FBBB'BY. MARCH. STOCKS. _ MAY. APRIL. JUNE. AUGUST. SEPT'BER, OCTOBER. NOV'BBR. DB0'BBR. JULY. Low.High Low.High Low.High Low.High Low.High Low.High Low.High Low.High Low.High Low. High Low.High Low.High --------'l'oJ. St. L. & Kan. City .... - ........ - .... .. .. - . . . . . .. - . . . . Pref......... . . . .. .. . . . . .. . 1Jnlon Pacific ............. 1Jn1on Pac. Den. & Gull 1Jnlted Compau' s, N. J. Utica & Black River ... Wabash..................... Pref.. ...................... Wbeelina- & L. Erle . . . . P-rel.............. ....... .. . Wisconsin Central Co.. 2 - 2 .... - ........ - ........ - ... . .... - .... . ... - ........ - ........ - .... .... - 17¼- 2~ 17 - 18'¼ 18 - 22¾ 1$%- 22¼ 14¼- 19¼ 4~ 6¼ 5¼- 5¾ 5¾- 6% 5¼- 6¾ 5 - 5¼ . .. . - .. .. .. . . - .. . . .. .. - . .. . .. .. - ... . 231%-231¾ 150 -150 .... - .... . .. - ... . .... - ... . .... - .... ti - 7½ 7 - 7¼ 6¾- 7½ 7¾- 8¼ 6%- 7¼ 12½- 14¾ 13¾- 14¼ 13%- 16¼ 16¼·· 1$¾ 14¾- 17¾ 12¼- 13¾ 12½- 13¾ 12¾- 13¾ 12¼- 13% 9¾- 13¼ 47 - 50¼ 47¼- 49¾ 46¾- 49% 49 - 51¼ 41¾- 49% 6%- 6% 7 - 7~ 7¼- 8 7¼- $¾ 6¾- 7 9 - 16¼ 3½- 5 231 -231 . .. . - ... . 6%- 7¾ 13 - 16¼ 9¾- 11% 43½- 45¾ 4 - 5 - ........ - 7 3¼. . .. .... 5¾13¼9 - 11~ 7¼- 14~ 12½- 14¼ 11 3¼ 3 - 6 4¼- 5¼ 4¼.. . . .. . - . .. 230 -230 ... . .... - ........ - ........ fl½ 6 - 7¾ 6½- 8 6 14¾ 13¾-' 16% 14½- 17¾ 13%11½ 9%- 14¾ 12¾- 13¾ 11 32~- 44¾ 35¼ 47 44¼- 46% 38¼1½- 4 2¼- 4¾ 4-½- 4¾ 3¾- EXPRE~S. dams ...................... 150 -154¾ 153 -154¼ 150 -152 151 -152¾ 148 -153 US -152 148 -151 148 -151 American ................. . 109½-112 111 -114 112 -115½ lll½-116 112¼-114 109 -114 108 -111½ 111 -115 United Stateit .. ... . ....... . 48 - 57 51 - 56 52 - 55 52 - 57 51 - 54 50 - 53¼ !l9½- 52¼ 52 - 54 Wells, Faru:o & Co...... 122 -128 122½-127 123¼-126 12!l -127 12!l -127 110 -126 109 -116 112 -120 COAL & MINING. merlcan Coal............ .. .. 87 - 90 82 - 82 - . .. . 88 - 90 Col orado C. _& I.Devel. 10 - 10¾ 10 - lO¾ j 11 - 11 12½- 13¾ .... 5 - 7¼ 7¼- 7¼ 8 - 9¼ Colo1·ado Fuel & Iron.. 21 - 26 26 - 26¼ , 25½- 26 25 - 27¼ 22 - 23 2!l¾- 25¼ . . . . - . . . . 2!l¾- 26 Pref....... .. .. . . .. . . . .. 50 - 6i½ .. .. ' 68 - 70 .. .. Col. & Hock. C. & I.... 4½- 7¼ 6½- 8 I 7¼- 9¾ 7¼- 9¾ 6}4- 7 7½- 7¼ 6¼- 7½ 7¼- 8 .Pref............... . ....... . .. .. .30 - 30 .... - ........ - ........ - . . . .. .. - .. 1 Consolidation Coal. .... · 28 - 30 .. .. - .. .. · 31 - 31 .... - .... 30¼ 30¼ . ... - ~~~:E;~?lff:i{..·::::=:::: -~~ =~~::l:~t= ~~~t:½= ~~~ "sl-~L==~~·s;; :~~: =~~:: :~~:½==~~~ !: =~ U6 110 ,19 116 -150 -114½ - 54 -122 .. 146 -146 6% 6¼- 7¼ 14¾ 13¾- 15¼ 13 11¼- 13 45¾ 40 - 44¾ 4 3¾- 4½ 146 -150 110 -113 41 - !l9➔-( lH¾-119 90 9½- 9% 7 2!l - 26 22 70 - 70 .... 7%- 7% 5¼- 39 7 - 7 12¾ 11¼- 14¾ 10¼- 12¼ 4% 4¾- 4¾ 3¼- 4 140¼-146 llQ¾-115 43 - !lS 105 -111 .... 6 13½10 41!43½140 109 !l3 105 ... . 6¼ 14¾ 12¾ 42¾ 3~ -145 -115 - 46 -110 88 - 90 87 - 87 9-9 !l½-9 23¼- 26½ 26 - 26½ 72 -72 72 -75 6½ 5M- 7>:t 4%- 5¼ 90 10 23 =: =si:: -~~ --~lL- lll½- 311,g ~½~ !~ -:: =::.. nnesotalron........... .... 4.75 = !l57 I !l85,L= 582'' 1 580"= 5801L "',;, L= ·1·;~ ·.·.·.·. !lS¾- 60 50 - 60 40 -!lO ew Central Coal........ 7¼- 7½ n, 72 72 72 72 72 ,711 711 vn, 6¼ 9 - P 6}4- 7 Ontario Silver Minlna-.. 6¼- 8 7%- 8¼ S½- S¼ 8¾- 11 9 - 12 $¾- $¾ 8¼- 8½ 7½- 7½ 7¾- 7¾ 7¼- 7¼ 7½- 14 10 - 10 ennsvlvania Coal....... .. .. - .... 298 -300 1300 -300 310 -310 . .. . - . .. 305 -315 .. . . - . . .. .. . - .... 300 -300 .. .. - .... 275 -300 1¼- 1¾ Quicksilver Minina-..... . 1¾- 1¾ 2 - 3 2¾- 2¼ 2¾- 2¾ 2}4- 2¾ .... - .... . ... - .. ...... - ........ Pret........ .. ............. . . .. . 15 - 17 17¾- 17-¼ .... - .. .. 15 - 15 15 - 15 .. .. - ... . 13¾- 15 14 - 14 .. .. Standard Miolna-........ .. . - . . . .. .. 1·50-1·50 15 - 17½ ennessee Coal & Iron H¼- ;;· · 16½- 19~i 16 - 18 17¾- 20¼ 16%- 19¾ 17 - 19½ 18 - 20% 14 - 1$¾ 14¼- 17 20¾ 16 - 20 62¼- 62¼ . . . . - . . . . . . . . - . . . . . . . . - . . .. J>ref. .. . . .. .. . .. .. .. .. .. .. . 63¼- 65 65½- 65½ 70 - 70 71 - 71 VARIOUS. mer. Cotton Oil Co .... 28 - 29¾ 27 - 28½ 25¾- 32½ 29¾- 32¾ 26½- 31 26½- 29½ 26½- 27¼ 27¾- S!l¾ 31¼- 34¾ 26¼- 32!,4 25¾- 29¾ 21½- 27¾ Pref..... . ... . .. ........... . 63 - 68¼ 66½- 68¼ 67 - 73J.1! 72¾- 7!l% 66 - 76 66 - 'iO 69¾- 70¼ 71 - 78½ 76 - 79½ 7!l¾- 77¾ 72¼- 77 68 - 71¾ er. Dist. Telea-rapb. !lO - !lO 36 - 38 38 - !lO 39½- !lO !lO - !lO 42 - 45 39½- !l6 40 40½ . .. - ... . .Amer. Sua-ar Ref. Co.. . 75¼- S!l¾ 75¾- 63¼ 80:li(-100 89 -107¾ 92!,4-1()9¾ 96¼ -108¼ 9t¾-105;1,! 102 - ll!l¾ 88½-106½ 80¼- 88¾ 83¼- 96½ 82¾- 94½ Pref ................ ....... 79¾- 85¾ 81¼- 85 83¾- 92 88x- 97½ 88¼- 97¾ 89¾- 96¼ 91 - 95 94' -100¼ 91~- 99 811¼- 92½ 91½- 96 90 - 9!l er. Tel. & Cable Co. 88 - 90- 85 - 88½ 86 - 88 87 - 89 88½- 90 86%- 89¾ 87 - 90½ 90 - 92 90 - 92¼ 89¾- 92 89½- 91¼ 91 - 93 merlcan Tobacco Co . . 69¼- 77 71¼ - 76½ 7!l¾- 83½ 83 - 94'¾ 81 - 87¼ 82¼- 90 85¼- 89¼ 88 -107 97 -lO!l¾ 96½-101 90 -102¼ 90 - 99 Pref .. .. .. 92 - 95 91¾- 95 9i - 99 98½-102½ 98½-100 99 -105 102 - 105 105 -110 107 -109½ 105M-107 108 -109 105½-109 llay State Gas........ . - .... 21½- 32 22¾- 23 16¾- 2!l llro.oklyn City RR..... - .... lM -167 !lrooklyn Traction...... - .. .. .. .. - .. .. 16¾- 16¾ . .. . 14 - 14 .... .Bruns.wick Co ......... . .. .... 4 - 5 .. .. - . .. ... .. 3 3 3 - !l¾ 2½- 2½ 2½ · 2½ .... ent., & So. Amer. Tel. .. .. - .. ...... - • -- • 110 -119 Chartlie,1'8 Valley GaM... 15}4- 15¼ - . ....... Chi.c1J.1ro.Gas Co....... .. 58¾- 67¼ 61¾- 66¾1 61%- 67¾ 61¼- 69¾ 62 - U¾ 73¼- 80 72¼- 79¾ 71¼• 78¾ 67)4- 75½ 68¾- 76½ 69¾- 77¼ 68¾- 7!l¾ Divicleud scrip...... .. 1·20-1•35 1·20 -1·40 J 1·so -1·37 1'35-1·39 1·25-1·35 1·80 -1•42 .... - ... . .... - ... . 1·80-1·30 1·35-1·35 1·36-1"36 1·s2-1·4c5 bicaa-o Junction R'y .. .... - ...... .. - .. .... .. - . .. 96 - 97¼ .. . - ... . .... - . .. . 93 - 93 90 - 92 87 - 88 93 - 93 Pref . . . . . . . .. .. .. . . . . .. . . .. . - .. .. .. .. - .. .. I. ... - .. . . .. . - .. .. .. . 100 -100 mmercial Cable ...... .. .. - .... .... - .. .. 140 -145 .... - .. .. .. 150 -150 ... . ... . .. . onsoltdated Gas ....... . 123 -127¾ 12!l - 126 •, 126 -130¾ 13!l¾-140 135 -137½ 125½-lS!l¾ 111 -127½ 115½-127 119 -120 116½-122 119 -125 123½-135½ -l)lstill'g & Cat. F. Co .. 20½- 27¼ 23¾- 30¾ 2!l¾- ~ 23 - 28 21¾ - 25½ 23 - 27 17¼- 24.½ 17¼- 2!l¾ 8½- 19¼ 7¼- 10¾ · 7¾- 10¾ 77k 11¾ - tllsun Elec. 111nm. Co. 97 - 97 93 - 96 1 93 - 99¾ 99 -lO!l 100 -103¼ 98 -100¼ 95)4-100 98½-100½ 101 -103¾ 100 -102¼ 100½-101¾ 99 -103¼ . dison Elec.11., B'klyu 100 -100 .... - ·· 1101 -101 lO!l¼ 10!l% .02½-102½ .... - ....... - ... ... - ... . 106 -108 108¾-108¼ 111 -111 lll½-111½ iS½- 0 :1n"e::r:fe:r'fce~:.~::· 0 3<i¾~ 38~ 33½=40¾,-~0½=46¾ 37¾= 42¾ 32°½= 40¾ 343-{j= 33½ ·;;;Ji 38 .. 35¾= 44¾ .37½~ ~2-- ~:= :~ r::~; J: £~:~~~:-:::1: ~~ 0 0 0 0 0 : : f i¾=:~~ ·3t¾= ~~ti:~~=~~~:: : =~~::c: = = ::: : :::: = :::: :::: :~= :~¾1!!~= ::¼ =: : ::~~= :~ :::: = :::: :::: = :::: :~:~ =~~:: J.n.c)ede Gas, St. Louis. 15 - 16% 15¼- 16 16 - 17¼ 16½- 18¼ 16¼- 17¾ 16½- 17¾ 16½- 17 17 - 20 18¾- 19:1( 18 - 19¼ 19½- 22¾ 22 - 27 Pref......................... 59 - 67¼ 61 - 62 I 63 - 68 70 - 73 70 - 71¾ 65¾- 69 65¾- 68¾ 67¾- 7!l¼ 72 - 7!l 72 - 75 75 - 82¼ 78½- S!l¼ Leng Islnnd . 18 - 22 19½ 12¼- 16 12¼- 15 14¼- 17 10%- 15¼ 11 - 14¼ 12 - 14½ 12½- H¼ etropolitau T11action . .... - ... . .. . - .. .... .. - .. . . 117 -117 115 -120 113 -113 112¼-112¼ 118 -118¼ 116 -116 i06¼-116¼ 107%-109¾ 107¼-107¾ extcan Telea-raph ... .. 1 .. • - • .. • .. .. - .. .. 1• .. • ••• 190 -190 ich.-Peo. Car. Co., pf. 59%- 59% 55 - 55 M½- 54½ 50 - 50 !l7½- i7½ .. .. - .. . 55 - 55 50¼- 50¼ 51 - 51 5:.: - 52 ationaf Cordaa-e Co.2d assessment paid.... 17¾- 20¼ 13¼- 17¼ 15 - 21:14 .... - ........ ... . _ ....... All assessm'ts paid .. .... - .... .... - ... 21½- 2!l% 19¼- 25¾ 22¾- 25¾ .Pref. 2d assess't paid. 42 - !lS 30 - !lO 31 - !l¼ll:( .... - .. . .. .. - ..... .. . All assessm'ts paid .. .... - . ..... .. - .... .. .. 44' - !lS½ !l3 - 49½ !l4 _ -l6 J(a.t. Linseed Oil Co. .... 22¼- 25 16 - 22 19 - 20 20 - 22 18 - 21 18 - 20 17 - 19 17 - 18 14 - 16¾ 16¼- 22 20¼- 21 17¾- 21½ alional Lead Co . ....... 22 - 28¾ 25¼- 30¼ 26¼- 39 36%- !l2¾ 36¼- !l2 37 _ !ll¼ 37¼- 39¾ 38 - «% 38¾- «¼ 36½- !lO¾ 38 - !l2% 36½- 41 Pref'................ . .. .. .. . 68 - 7!l¾ 70¼- 76½ 71½- S!l¾ 83:J:(- 88¾ 82 - 87¾ 82 - 84¾ 82½- 85 83 - 92½ 87 - 89¾ 85 - 88½ 8!l - 89¼ 83¾- 85¼ !(at. Starch Mfll• Co.... . ... 8½- 9¾ , 10 - 11 8 - 10¾ .... - .. . . s _ 9½ 7 - 9 8½- 12 10¾- 10¾ .... - .. . 6 - 6 6 - 7 l11t pref................ ... . 40 - 40 !l2 - !l5 47 - 52 50 - 50 !lS - 49 30 - 35 !lS - 48 49 - 49 43¼- 43½ 44 - !lS 45 - 45 pref........ . .. .. .. .. .. . .. .. - .. .. ' .... - .... '.... - .. . . 20 - 20 30 - 30 .. . .. .. I.. . 35 - 35 33½- 33¼ 35 - 35 .. .. 24 - 35 ~h American Co...... 3½- !l¼ 3%- 4¼ 4 - 5¾ 4¼- 5¼ 3¾- 4½ 2¾- !l¼ I 2¾- 3¼ 3¼- 4¾ !l¾- 5¼ 3¾- i¾ 4 - 5 3¾- 4¼ Orea-on lmprovem't Co. 12 - 14½ 12 - 12¾ 13 - 17 15 - 17½ 12¼- 12¼ 12¼- 13¼ 11¼- 12¼ 11¼- 16½ 16¾· 1:3¾ 15 - 16¼ 10½- li¾ 10 - 13 n,eiflc Mall S.S .......... 14 - 17¼! 16¼- 18¼ 15¾- 17½ 16¼- 17¼ 13¼- 16 14½- 14¾ U¼- 15½ 14¾- 17 14¾- 16 H¾'.- 20¼ 20 - 2!l 20 34- 23\( .f. ~rlllard Co., pref... .... - .... 106 -106 - ........ - .... 118¼-118¼ .... - • . . . .. . - •. Pipe Line Certificates. . 79 - 80¼ 80%- 81 80¾- 82!4 82½- 86 87 - 87½ 85 - 90½ 8!l¾- S!lJ4 . . . . - . . . . . • . . - . . . . . . . . - . . . . "2½- 95'-( J;- Jlman Palace Car ... . 162¾-171,t 165 -169 168¾-172 171¼-174 153 -172 158 -165 152 -161 155 -165 15$¼-162½ 157¼-162¼ 152 -161 153¼-156¾ ~ t e r & Gamble....... . . . . - .... 16.6 -107 .. .. Pref........ . . . ..... . .. . .. . • .. 132 -132 .••. tandal"d Gu, pref...... .. .. f,2 - 82 .... Uver Bullion Certs.... 67 - 67 !We!,(- 65:k) - .. . 64 - O! ~ uth'n & Atl. Tel'a-h .. .... .. 92 - 92 00 - 90 ... '8. 8. Cordalle Co........ .. .. 15½- 20¾ J.9¾- 23~ 20 - 22¾ 17½- 23 12¼- 19¾ 10 - 15¼ 8 -U 5¼- OM Traction .. .... - ....... - .... 1 ... - 14 - .. .. 1 "d ... • Pref ..... ............ ... . ..... - Gnaranteed............... .... • S. Leather ............. ···· .Pref'............. ............... U•.~ Blubber Co........ . 36 Pref... . ..... . .. .. .. .. . .. .. . 80 Weste rn Union Beef... . 6 ·etite rn Union Tel..... 001,estlna-h. Elec •• ass'td . ... https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis •• 4 - ... . - .... 33 - !lO 61 - 61 37 59¾9 - ... . 66½- 68¾ 62 - 67¾ +52¼41 38 - 39¾ 39¾- :lO:J.1! 38¼- 43 33¼- 39% 3tl S!l½ 82 - 8!l St½- 88 89 - 91¾ 83 - 91 ~o 6 5¼- 5~ 5¾- 5¾ .... 4 86¼ 82¼- &¾ 8!1¼- 87½ 83¾- 85¾ 81¾- 85¼ 82¾78 - 78 12½t Ex-honll8. ... . 41 62½ 10 M½ 39¾ 95 35 59 8¼53 33¼81)¼- 37¾ 60 11 60 36 89¼ 30¾55 9 55¾3,l - 38 2!l¼- 33 60 10 59½39¾94 - .... 3¼85¾ 82¾- 85¾ S!l¾- 90¼ 87¼12}l .. . . - . ... .... . "' .... 11¾ 64¾ !l!:!¾ Q(.,__ 96¾ .... - 11¾ 63% 40¼ 95 3½ 92¼ .. .... - . ... 19 !l7 9¼59 38 92½5 85¾- - 25:W. 47 10¾ 60¾ 41¾ 95 5 89¼ 14 22 9 59)440~9!¾7 - 2!l 30 9 8Y.r 16%8 60¾ 59¾45 41½96¾ 97 7 7 &µ,.(- 00¾. 86 - - - 17 29 ~ 6~ 45¾ 99 8 89¼ - ........ - ... .1. ... - .... RAILROAD AND EOUS 107" 1~93. JANUARY FJ:BR'RY. MAR0B. APRIL. MAY. JUNJ:. JULY. AUGUST. S11:PT'BER. OCTOBER. NOV'BER. DE0'BX R. ---- - - - - - - - - - - -· ---- - - - - - - - - - - ---- ---- - - - ---- - - - - - ---- - - .... ·•·· - ..... .. - .... .... - . ... ... - .... .... - .... 170 -170 .... - .... ... - .... .... - .... .. .. - .... .... - ... .... ... . - .... .... - ... . ... - .. . .... - .... .... - .... .... - .... .... - .... .... - .... .... - . ... .... - .... ~- 7¼ .... .... - .... .... - .... .. .. - .... ... - .... .... - .. . .... - . .. .... - .... .. .. - .... 35 - 35 30½- 31 26¼- 29¼ 3:1:1,- !l¾ 8¼- 7 6_!4- 7¾ 5¾- 9% 5¾- 7% .... - .... ... - .... ... - .... .... - .... .... - . ... .... - . .. 5 .... .... - ... . .... - . ... . .. . - .... .... - .... 9:)g- 11¾ 9¾*16 H!l¾ -§20¾ §18¾- 23¾ '!fl8_!4- 23 IH5¼-18¾ fl0¾-1 7¾ --- STOCKS. Low.High Low.High Low.High Low.High Low.High Low.High Low.High Low.High Low.High Low.High Low. High Low.Rig h RAILROADS. Albany & Susqueh ...... .. Ann Arbor, (w. i.) .... . ... ... .Pref. (w. i.) .............. ·•·· Atchison Top. & S. Fe .. 3¼'Ir. Rec., 1st inst. pd. .... 16 - 27 Pref. (when issued) .... .... - . ... .... - .... .... - .... .. - .... .... - .... .... - . ... 31 - 33 31¾- 36 30¾- 36¾ 29¼- 33¾ 24¾- 29 ¼- ¾ %- l¼ ½½Atlantic & Pacific ....... . 1¼- 1¾ 1 - 1½ 1¾- 1¾ l~- 1¾ ¾- % ¾- 1¾ 1¾- 2 ¾¾ ¾ % 6! - 65% 63 - 66¾ 60 - 64¾ 5!l - 60½ 32½- 56¾ 62¾- 65 61¼- 64 Baltimore & Ohio ........ 61_!4- 65½ 65%· J3 49 - 69¾ 61¾- 59¼ 55¾- 65 Bait.& O.S. W.Railwa118 - 3 7 - 7 . ... - .... 5)4- 5¼ 8 - 8 9½- 10 !l½- 6 9½- 12 8 - 8 tl - 9 Pref., new ......... ... !l¾- !l¾ !l½- 5 - ... 103¾-103¾ . ... - . ... ... - . Bos. & N. Y. A. L.-.Pf.: .... - .... 103 -103 .... - .... 101½-102¼ . ... - . ... .. .. - ... 105 -105 .... 21½- 21i.'- . ... - .... .... - .... .... - . .. . .... - . .. Brooklyn Elevated ..... .... - .... ... - ... .... - .... .... - .... .... - . ... .... - ·••· 19 - 19 .. . 21 - 21~ 21 - 21½ 20½- 21½ . ... - ... . .... - .... ... . - . ... 20¾- 2!l Buff. Roch. & Pittsb .... 22 - 22 .... - .... 19%- 19% 19 - 19 .... .... - .... 60 - 60 60 - 60 - .... . ... - . ... . ... - .. . .... - . .. . .... - .. . Pref . ···················· 58 - 58 ... . - .... 68 - 68 - .... 54 - 64 .... - .... . ... - .. . . ... ... Bur. C. Rap. & North ... ... . - .. .. .... - ... .... - ... . .. - ... 4.5 - 45 .... - ... . !l9½- 49½ 52!1:(- 54¾ 53¾- 60 63¼- 5'1½ 55¾- 62½ 59¾ · 62 . 63¼- 5$¾ 50 - 5 5¾ !ll - 52},ji 33 - !l3½ 39 - 46¾ 47 - 64 Canadian PacUlc. 51¼- 59 Canada Southern ....... 48 - 50¾ 48 - 49¾ 48 - 50¾ 49½- 53¾ 52½- 65¾ 53 - 56¾ 53¾- 65¾ 54½- 67½ 53 - 57½ 54¼- 66¾ 53¼- 65½ 42 - 55¼ 5 - 10 ... - .... ... - .... .... - .... .... - .... 6 - 6 Cedar Fnlls & Minn ..... 5 - 5 9¾- 12 - .... .... - . ... 7½- 7½ .... - .. . Central ot Nt>wJersey. S!l¾- 9!l 81½- 89½ 8:3)4- 98¾ 91¾- 98¾ 9!l½-102¼ 97¾-102 100)4-104¾ 101¾-111¼ 107 -116¼ 108 -lU¾ 105 -109½ 93 -110¾ Central Pacific .......... 14¾· 14¾ 12%- l!l u - 18 17¼- 18 18 - 20¾ 1~- 20 18¾- 19 18 - 19½ 20 - 21¾ 17¾- 19 15½- 16 12 - 16¼ 18 - 20¼ 18 - 19½ 12½- 18¼ Chesnpeake & Ohio ..... 16 - 18 16 - 17¾ 16 - 18)4 17¾- 19¾ 18¾- 23~ 21¾- 23¾ 20%- 22~ 20 - ~1~ 19 - 22 Chlca1ro & Alton .......... 14.7 -147 145 -U8 H6½-150 l!l9 -150 150 -151 159,½;-159½ 156 -160 159 -165 163 -170 162 -164, 160 -162 159 -160 - ... . .... - ... 180 -180 .... .. . .... - ... .Pref .... . .. ·····•· · 167 -168 .... - .... ... . - .... . ... - . ... .... - .... .... .. 170 -170 Chic. Burl. & Quincy ... 69½- 72¾ 69%- 72% 69 - 7!l½ 71¾- 75¼ 73¾- 82 80¾- 86¼ 83¾- 92¾ 89½- 02¾ 83)4- 91¾ S:i½- 87¾ 82¾- 87¼ 70 - 8!l ¾ .. - .. .. .... - .... ... . - . ... 63 - 57 51)4- 64¾ 6i - 55½ 53 -M 51 - M !l7!1(- 50 4,7 - 47¾ 43)4- !l6¾ Chic. & Eastern Ill ..... 50 - 50 90 - 94½ 95 - 98 90 - 90 .Pref ........................ 90 - 90 99½-100¼ 98¾-101¼ 101¼-105 104, -106 100 -102¾ 100 -102½ 98 -100 95½-102 Chic. MU, & St • .Paul. ... M½- 57¼ 54,_!4- 57¼ 53%- 68¾ 67½- 62¾ 61%- 681,( 65%- 69¾ 67¼- 72¾ 70¼· 77¾ 72¾- 78¼ 74'¾- 77¾ 72%- 7tl¾ 60¼- 76¼ .Pref ........................ 116)4-119 116%-118 ll!l¾-119 115:l,!-118 118¼-121 120¾-123½ 122 -127 127 -129¾ 126 -130 126 -127½ 126 -127½ 123 -1297¼ 87½- 97¾ 87¾- 92½ 91¾- 99 Chic. & Northwest ....... 9!l¾- 97 95¾-100¼ 97¼-100½ 97¾-102¾ 100~-106¾ 101¼--106½ lO!l¾-107½ lO!l}i-107¾ 93¼-107¼ Pref ......................... U:3 -l!l5 137 -l!l3¼ Ul7 -139 138¾-lil l!l3 -U5 146 -145 14.6 -U6½ U5¾-U5¼ us -148 147 -US U9'¼-151 H5 -151 Chic. R. I. & PaclOc ..... 60½- 64¼ 61¼- 63:1-.£ 61¼- 65 63¾- 61¾ 66¾- 70}.( 68¾- 73¾ 70l}i- 79¾ 77%- 84¾ 76¾- S!l¾ 753,i- 79¼ 73 - 77¼ 69 - 76¾ 29_!4- 33½ 28¾- 32¾ 32 - 36½ 34¾- · 39H 377Ai- 4.1¼ 39 - !ll¾ !l0¾- 4c6 !l1 - !l5¾ 42 - !l!l½ 39½- 42¾ 31 - !l2¾ Chic. St. Paul M. & O ... 31½- 3!l Pref ............. .......... 110 -112 109)4-110½ l0!l -105 109½-112 112 -11!1¼ 116 -117½ 116%-120½ 117 -120 118 - 123 121 -123¼ 122)4-123¾ 115)4-123¼ !l3 - !l9¾ UJ4- !l6¾ 39½- 41% 26 - 42¼ Clev. Clo. Chic. & St.L, 37 - 39¾ 35¼- 38¾ 35¼-38¾ 37½- !l2¼ !ll¾- !l5¾ !l3¾- !l6% !l5¾- !l9 !l8¾- 60 Pref............ ·· ········ 82 - 88 85 - 87 83¾- 86¾ 88 - 89½ 89 - 89¾ 89½- 93 93 - 95)4 93 - 95 91½- 95¼ 90 - 94, % 92 - 95¾ 93 - ~7 Clev. Lor. & Wh,, p1•ef. ... - .... .... - ... . .... - .... .... - .... .... - .... .... . ... - . ... . - .... . ... . ... 61¼- 6!l¾ 58 - 61½ !l7 - 61M Cleve. & Pitts., a-oar . ... 156 -157½ .... - .... .... - .... .... . - . ... 159¼-159),fi .... - . ... 164 -167 . .. 167½-169 .... . .... Col. Hock. Val. & Toi. . 16 - 17% 18 - 20¼ 19 - 27¼ 26 - 27% 25¾- 27¼ 26¾- 27 2!l½· 25¾ 23¼- 26¾ 20¾- 21¾ 16:1,(- 21¾ U¾- 19 2!l¾- 26 .Pref. ...................... 65 - 60 56 - 68¼ 60¾- 69¾ 66¾- 66¾ 65 - 67 68 - 60 60½- 61 62½- 64¼ .... - .... 6i¼- 66 .... - . .. . 57½- 64 Delaware & Hudson ... 125¾-133¼ 125 -130¼ 123 -130½ 124¾-130½ 127¾-132% 128¼-131¼ 129_!4-131% 130 -132)4 129}i-13!l% 130 -13!l 127 -131 118 -180 Del. Lack. & Western .. 157¾-166¼ 156¼--162¼ 155¾-164¼ 168 -163 158¾-163½ 159¾-16!1¾ 161½-163½ 161 -164 161%-170½ 165½-17!l 165 -169½ 15-1 -16 7¾ Denver & Rio Grande .. 10¼- 11½ 11 - 11½ 11¾- 12¼ 11%- 14¼ 14¾- 16¼ Ulij- 15¾ U½- 15½ 141},.{- 17 16¾- 17~ 15 - 16 1!1_!4- l!l¾ 10 - 13¾ Pret ............... ......... 32¾- 36 3!l¼-- 35½ 33¾- 3'i¾ 37¼- 43½ !l2½- !l8½ !l6¾- !l7¾ !l~- 48_!4 ¾7¾- 53¾ 62 - 55¾ 49:)s- M !l3~- 49¼ 39 - !l9¾ .... 6½- 7¼ 7 - 10¾ 8½- 11 9 - 10¾ 10¼- 11 10 - 10½ 8 - 8½ 7 - 8 6 - 7M Des M. & Vt. D ......... .. .... - . ... 5½- 6¼ .... ... . .... Pref...... _..... ... . ........ ao - 30 51 ... ... . .... ... . - 51 .... !l0 - 55 .... . ... - . .. . ... - .. . 40 - !l0 32 - 32 Duluth S, S. & AtJ. ...... 3½- 3¼ 3¾- 3¾ 2½- 3 6 - d¾ 5¾- -6¾ !l½- 7¼ 5 - 6¾ 6 - 9 6 - 7¾ 6 - 7¾ .... - .... 3½- 6 Pref.. .. ................... .... - . ... .. . - .... 5¾- 6 10¾- 10¾ ... - .. . 7½- 13¾ 12 - 13¾ 12¼- 16¾ 15 - 15 .... - ... .... - . ... 11 - 11 28½- 30 Evansville & T. Haute. 36 - 36 30 - 30 32 - 35 40 - !ll 26 - 28 40 - 40 39%- 39% 28 - so 47 - !l7¾ 40 - 4!l !l5 - 51 PreL ....... . ............ .. . .... - .... .... - .... .... - .... .... - .... ... - . ... .... .... ... - . .. . . ... - .... ... . - . ... .... - .... !l5 - !l5 .... - . .. ... . .... .... ...... .lllar11 Pere & .... 21 F1lnt .... .... - ... . 18 - 18 - .. . 12½- 16½ 15 - 17¼ U½- 15¾ 15 - 15½ 15¼- 19¾ 16¾16¾ - 16¾ .Pref........................ .... - ... . .... - .... ... . - . .. . 3!l - 36 37 - !l5 !ll½ · 42!,g 4,0 - 40 45 - !l5 !l5 - 50 43 - 48¼ 37¼- 37½ 20 - 35 Great Northern, pref.. .. 100 -103 101 -101 100 -107 105 -106 109½-133 129¾ -13!l 127 -130 125¼-12..'l½ 125 -125 123¼-123½ 118 -120 114 -117 Gr. Bay Win. & St • .P .Trust receipts ........... 1 - 1¾ ¼M- ¾ ¾- ¾ ¾- 1% ¾- ¾ ¾- ¾ ¾ ½- 1¾ 1 - 2 1¾- l½ .... - . ... 1¾- 2 Pref........................ 2 - 3¾ 1¾- 1¼ 1¼- l¾ l¼- 1¼ 2½- !l½ H - 3 .. - . ... .. .. - .... ¾- ¾ ¼- ¾ .... - .... ¼- ¾ Harlem ...................... 260 -260 260 -260 260 -260 260 -265 263 -263 .... - . .. . .. .. - . .. . ... - . . .. .... .... - ... .... - . .. . .... Houston & Texas Cent. .... - .... .... - .... l½- 1¼ •• · • - .... 2 - 33,i 2½- 2½ . ... - . ... 2½- 3¼ 8¼- 3¾ .... - .... - . .. . .... - ... Illinois Central ........... 813,i- 90 83 - 88 98¾;-102 96¼- 99½ 89 - 98 86 - 89 96¼- 96½ 97 -100½ 99},H0i¾ 101 -106 88¾- 92¾ 92 - 98 Leased line, 4 p. c ..... 88 - 88 - .... .... .... .... . ... 86 - 86 . ... - .... 90 - 90 .... - ... . . ... - . ... 90 - 90 90 - 90 . - . .. Ind. Illinois & Iowa .... .... - .... .... - .... .... - . ... .... - . ... 18 - 2!l 20¾- 20¾ 17½- 19½ . ... - . ... 19 - 19 19_!4- 21¾ 17¾- 18¾ 17½- 18 Iowa Central .... ........ . . 5¾- 6¼ 6 - 6¼ 6¾- 8¾ 7½- 8¾ 7¾- 10¾ 9¾- 11½ 9%- 11½ 10½- 11¾ 10¾- 11¾ 10 - 10% 9¾- 10¼ 5½- 9'¼ Pret ................. ........ 19 - 23½ 20 - 21¼ 21 - 2!l 23 - 35¼ 26¾- 33 33½- 37½ 30 - 35 22½- 27 31½- 34c% 33½- 37¾ 36 - 377/4 33¼- 38 Kanawha & Michigan. 9 - 9¼ 8½- 8¼ 9¾- 9¾ 9 - 10 9 - 9½ .... - .... 7¾- 7¼ 8 - 8 9 - 9½ 9¾- 9¾ 9 - 9 9 - 9 3 - 3 Keok. & Des llloines .... 3 - 3 .... - .. .. .... - ... . ... - . ... 3½- 6 3!1.(- 3¾ 3 - 3 4½- 4½ 4%- !l¼ .... - . ... !l½- 5 Pref . . ············ ········ 167,(- 15¼ .... - .... 13½- 13½ . .. - . ... .... - . ... 16 - 16 17~- 17½ .... - .... .... - .... .... - .... . - . - .... K in1rston & Pembroke. .... - .... .... - ... . .... - .. . .... - . ... .... - . ... .... - .... .... - . .. . 3 - 3 .... - . ... .... - . ... .... .... .... - .. . L ake Erle & Western ... 15!1(- 17¾ 15¼:- 16¾ 15¼- 17¼ 17 - 21¾ 19%- 25½ 22½- 25¼ 23¾- 28 23 - 27% 23½- 27 22 - 25½ 22 - 2!l½ 15½- 23 ¼ Pret ................. ....... 69 -7-! 75 - 83¾ 77½- 81 'i!J4 81½- 85 69½- 71¾ 70½- 7!l% 7!l - 78¼ 77 - 8!l 73¾- 78% 73 - 76¼ 61 83¼- 85 L a.ke Shore ................ 13!l¼--U0 135)4-1~ lS!l½-138 13~-U3½ 142¾-U8 146 -151 U~-153½ U87Ai-152 l!l8 -150¾ 150 -151¼ U7 -152 13.J -152'l¼ 83 8!l ............ Island 8! OD&' 88>( L S!l¼- S!l½ 83½- S!l½ 83½- 87¾ 87 - 87¾ 85½- 87¾ So¼- 85½ 8!l - 86 8!l - 81½ 85½- 86¾ 83 - 8!i ½ Louisville & Nashville. 49¾- 55¾ ~-64 46%- 52¾ 51 - 66½ 55½- 61 57 - 59¾ 57¾- 62¾ 59%- 64½ 61½- 66¼ 56:1(- 64¾ 51 - 57¾ 39 -6,i ¾ L oulsv.New Alb.&Chlc. 6½- 7¾ 6½- 7¾ 6 - 8 6,i- ax; 7¾- 10¾ 7½- 10¾ 8 8~- 9'¼ 1¼- 9% 9½ 8¾- 9¾ 8¾- 10¼ 8¼- 10 .Pret . ........................ 20 - 2!l!J.( 20¾- 23¾ 21 - 2!l½ 23 - 28½ 26¾- 29¾ 25¼- 29¾ 26~~- 27;Jt 25!)(- 27¼ 26¼- 29% 26¾- 28'/4 25}9- 27¾ 15½- 267.¾ Louisv. St. L. & Texas .... - . ... ... . - .... ... . - . .. - . ... . ... - . ... ... . - . ... 1 - 1 .. - .. .... . . .. . ... . ... .... - . .. 1¼- 1½ •. M anhattan Consol. ..... 104 -109¼ 105%-109% 106½-110¾ 109¾-119½ 112¾-119% 112 -115¾ 110¼-114¼ 112¾-119¼ 107¼-lU¾ 105 -112½ 104¾-114% 95 -107 !l - 6¼ 6¼· 7 2½- 2¾ 2¾- 2¾ 6 - 6 " . ... - . ... 5¼- 5 ¼ M anhnttan Beach Co ... d¾- 3½ .... - . ... !l - 4¾ 6 - 5 Mexican Cenn·al ....... . .... - . .... - ... 8 - 93,i 9 - 10 10¼- 13¼ 11 - 12¾ 12¼ - 12¼ 13 - 13¼ 13 - U¼ 13 - 13¾ 11 - 11 7 - 9 .... .... - .... .... .... l¼- 3 2 - !l 2¾- 3½ l¾- 2¼ 2 - 3 2¼- 2% 1½- 2 l½- 1½ %- 17¼ llle.1t. National, ctfs ...... -102M -103 93 100 -103 97 101 M lchi1ran Central ........ 9!lJ4- 97 92)4- 94'½ 91¾- 92¼ 92 -101 119%-103 -102¼ 98½-101½ 9$¼-102% 100 -103 M lnneap. & St. LouisTr. rec., all n.ss't pd .. 27 - 28 25¼- 27 26¼- 27 - .... .... - .... .... - . .. . 26½- 29½ 29 - 38 .... - .. .. ... - ·•• · .... . . ... .... - . ... Pf. tr. rec., all as. pd. !l6½- 47¾ .... - .... 47 - !lB¾ 46½- 50¾ 50 - 66¾ 66 - 66 .... - .... .. .. - . ... .... - ... . .... - . ... - .... . ... - .. . .. Louis St. & neap. in ... - ·•·· .... - .... .... - ... . . ... - .... 14 -18¾ 18 - 23 20¼- 22½ 20 - 25¾ 23 - 26¾ 23 - 26½ 22 - 23% 15 - 227¼ M 1st pref ......... .. ....... .. ... . - .... .... - .... . ... - .... . ... - . ... 79 - 85 83 78 - 85 ¼ 83 85 - 8!l 83¼- 88 85½ 86% S!l¼- 87½ 81~- 84¾ 2d pref................ ... .... - .... ... - . ... .... - .. . . ... .... 39½- !l6 44½- 49¾ 46 - 49% !l8¾- 59½ 58 - 62 55)4- 6lx, 62 - 56 4c2¼- 63¾ M o . Kansas & Texas ... 12½- U3' u - 14¼ l!l¾- 15¾ 15½- 17¼ 16¾- 18¼ 15½- 19 17~- 18% 17¾- 18¾ 17 - 19 16½- 18 12¾- 16¾ 9¼- 137% Pret ........ ................ 21½- 23 22 - 22% 21½- 25% 25½- 33 327,(- 38¼ 29 - 33¼ lfi¾· 32¾ 36¾- 38¾ 3!l - !ll 30>9- 33¼ 30¼- 37~ 36¾- 39 issouri PacUJc ......... . 20 - 26¾ 18¾- 22½ 18¾- 2!l¾ 23¼- 27 25¾- 29¾ 27¾- 33¾ 30 - 37¾ 36½- !l0 33%- !l2¼ 30_!4- 39 28¾- 32% 19½- 80½ foblle& Ohio .... ...... . 15¼- 16¼ 15½- 16 13½- 17½ 16 - 19 18h;- 27 18 - 26 2i - 26% 23¼- 24½ 2!l¾- 25¾ 25 - 25½ 22 - 23¾ 1~- 21 Rillhts .................... . .... - .... .... - .... .... - . .. . ... - .... .... - .... .... ¾- 6¾ . ... - . ... . ... - .... .... - . ... .... - . ..... - .... . ... M orris & Essex ........... 160 -164 156 -160 159 -162 160 -162½ 162 -162½ 162!!{-163 160½ 16! 16'1 -165 164½-169 167 -170 168½-171¾ 167 -170 Na.shv. Chatt. & St. L ... 64 - 70 · •• · - ... .... - ... . .... - .... . ... - .. .. .... - .... .... - ... .... - . ... . ... - . ... 79 - 81½ 80¾- 80¾ 78 - 78 N ew En1rland .............. - .... .... - . ... .... . ... ... . - .... ... - .... - .... . ... .... .... - .. . 50 - 50 !l5 - 51 - .... - .... N . Y. Cent. & Hod. Riv. 97¾-100¼ 95~~-100¼ *92¾- 97 95¾- 99½ 98¾-lOi *100¾-02¼ 10()¾-102¾ 101½-104¾ 101 -lO!l¾ 100¾-102¾ 99 -100% 90½-10~ N. Y. Chic. &St. Louis . 13 - 13¾ 11½- 13~ 12 - 14 13¾- 15 15 - 18¾ 16¼· 177~ 16 - 17½ 16¾- 17¼ 15~- 17 15 - 16¾ 13¾- 14½ 10 -U¼ 1st pref................... 69 - 70 66½- 66¾ .. .. - . .. . 65 - 65 73 - 73 68 - 72 74 - 7!l 72 - 75 70 - 70 72 - 7!l 72 - 72 71%- 72 2d pref: ................ 25%- 26 26 - 29¾ 25¼- 30 29 - 30 2!l - 26 20 - 29½ 29 - 30 29½- 3!l¼ 31¼- 33 30 - 33¾ 31½- 33:¼ 31¼- 34 N • Y.Lack.&West . .... 116¾-117¾ 114_!4-118 117¾-118 116½-117:J( .... .... 117¾-117'1! 115¼-115¾ l16 -117¾ 11~-116¾ 116½-117 .... - .... 119 -119 N • Y.LakeErle &West. 9½- 10% 8¾- 10¾ 7_!4- 10¾ 9½- 12¾ 10¾- 15¾ 9½- 11¾ 9¾- 10% 8 - 10¾ 8¾-t13¾ tlHH13¾ i9¼-§13¾ ~9%· 15¾ Pret ........ .. .. ··········· 20¾- 23 16 - 21½ 16 - 20 217,(- 25 20¾-t2tl ;2!l½- 26¼ 20¼- 23½ §20 - 23¼ 22 - 32% 23%- 23% 21 - 27 25 - 30 N • Y. &New EnglandTr. rec., all ass't paid 29 - 33½ 20½- 31¼ 29;,(- 38½ 36¼- 40¾ 38%- 45¾ 43 - 63 5!l - 5!l¼ 4c6¾- 56¾ 56 - tl5½ 66 - 63¾ 52 - 53½ !l3 -52 .... .. .... .... - .... .... - ·· -··· - - ... ... .... ... - .... - .... - - .. ... - .... . - ... .... .... - ... - ... - ... - - - .... - ... . ... ... - .... - - .... - - ' • Ex-dividend. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis t 1st lntstalment paid. i 2d instalment paid. § 3J instalment pald. f All Instalments paid. ... .... .. R_ULROAD 108 A 1896-Continued. .JA:S-U.A.RY FEBR'RY. MARCH. APRIL. MAY. JUNE • JULY. AUGUST. SEPT'BER. OCTOBER. NOV'l3ER. DEC'BER. - - - 1----1 - - - - - - - - - - - - - - - - - - - - - - - - -1- - - - - -· - - - - - -· - - - - - - - - - - - - - ·- - - - - STOCKS. r,ow.Iligb Low. High Low.High Low.High Low.High Low.High Low.Hlirh Low.High Low.High Low.High Low.High Low Hiub N. Y. N. Haven & Hartt . ... . - .... 19! -196 193 -199 200 -201 198 -213 210 -218 203 -212½ 199 -205 176 -185¾ 185 -188¾ 181 -188 174 -188 Stock rights. .... . . . . . .. - ........ - ........ - . . . . . . . - . .... ... - . . ...... - .. . . ... - ........ - . . . . 18½- 20 . . . - . . . . . •. - ........ - .. Bond rhrhts.. .. ..... . .... - ........ - ........ - .. . ... - . .. - .. . . ... - . . . . ... - . . . . .... - . . . . 8¾- 9 ...• .... - • . . . • - •... N. Y. Ontario & West.. . 15¾- 17 15¾- 16~ 15¾- 16¾ 16¼- 17¾ 17¼- 19¼ 17¾- 18¾ 17¾- 18¾ 17 - 18¼ 17 - 19¼ 17 - 19 14¾- 17¼ ll¾- 15K N. Y. Pa. & Ohio, pref ...... - ... ..... - ... . .... - . ... ¾¾ ¾Ji ¾· 1 ¾- ¾ .... ¼- 1¼ .... - ... . - ........ - ... . N. Y. Susq. & West.... . 13 - H¾ 12¾- 14 12 - 11¼ 12¾- 13½ 9½- 14 6¼- ll½ 10 - ll¾ 11 - 14¼ 12 - 14½ ll¾- 13¾ 107-(- 12 7 - 11¼ Pref ........ _.. .. . . . . . . . . . . . 38½- 4.3¾ 34 - 4.0¾ 34¼- 4.0¾ 34¾- 37¾ 28¼- 38 21 - 32 27¾- 30¾ 29 - 35¾ 31¾- 38 33¼- 37¾ 2.)½- 34¾ 19¾- 33 Nortolk & Southern .... ... . - . .. . ... - ... *58 - 58 65 - 65 66 - 66 .... - . .. - . . . 70 - 70 .. . . - . . . . ..• 70 - 70 .... - ... . Norfolk & Western...... 3¼- 5½ 2¼- 4.½ 2 - 2¼ 3 - 4. 3½- 6½ 3¼- 4;g 3¾- 3¾ 3½- 4.½ 3½- 4.¾ 3¾- 3¾ 3 - 3¾ 1¾- 3 Pref.... ... ......... ... . .. . 14¾- 19¾ 10¾- 15 9¾- 13¾ 13¼- 17 15 - 18½ 13½- 14.½ 14.½- 15½ 13½- 15 13%- 15¾ 12¼- 18¾ 9¾- 12¾ 8 - 11 Northern Pacific .. . . . . . . . 2½- 4. 2ll,!- 3¼ 2¾- 4¾ 4.¼- 5 4¾- 8¼ 3¾- 6 1¼- 5¾ 4.½- 5¾ 5 - 5¾ 4.½- 5¾ 4. - 4.Ji 3 - 4.¼ Pref.... .... .. ... ... ........ 15¼- 18¼ 13 - 16¾ 13,:(- 17 16¾- 22¼ 18¼- 27 15½- 20¾ 16¾- 20 16 - 20 18¼- 19¾ 16¾- 19 14.½- 17 10¾- 16 Ohio Southern ......... .. ... - . .. . . .. - .. . 14 - 14 14 - 19 8 - 19½ 4 - 5¾ .. . . - •.. . ... - ... . .... - ........ - ........ - ........ - ... . Orel{oo Ry. & Nav. Co. 19 - 21 .. 20 - 20 17 - 18 19 - 29 28 - 32 28¾- 28¾ 20½- 20½ 24 - 25½ 25 - 26 20 - 20 22 - 22 Oreg. Sh. L.& Utah No. 3¾- 6 3¾- 4.½ 5 - 6 6 - 8 7 - 9½ 6½- 7 6¾- 8 7½- ll¾ 10 - 111¼ 9 - 11 8½- 9¼ 3½- 6¼ Peoria Dec. & Evn.nsv. . 3!,:(- 3½ 3 - 3 2¾- 4¾ 4. - 5 4.¾- 7 5¾- 6¼ 5¾- 6½ 6¾- 6¾ 5¼- 7¾ 3¾- 5¾ 4.½- 5¾ 2 - 4. Peoria & En.stern........ 2 - 2 2½- 2~ 2½- 3¾ 4. - 4¼ 3¼- 5¼ 5½- 5¾ 6 - 6½ 7 - 10¼ 9 - 10 . . . . - . . . 7 - 7 5½- 6 Phlla. &Readin1r... .. ... 8¼- 13¾ 9¾- 10¼ 7¾- 14.¼ 12¾- 16¾ 15¼- 21¾ 15¾- 19% 16¾- 20 17¾- 20¼ 18¼- 22¾ 13 - 22 9¾- 14.¾ 4.¾- 10~ Pitts. Cinn. Cb. & St.L 15 - 16 15¾- 16¾ 15ll,(- 17½ 17 - lS¾ 18¾- 2i¼ 19 - 20¾ 18¾- 19¾ 19 - 20% 18 - 20¾ 17 - li}¾ 17½- 18½ 12 - 17¾ Pref ...................... 43¼- 46¾ 45¾- 4.6~ 46 - 49 46½- 49½ 4.8¾- 54 51 - 52114 50¼- 53½ 5! - 58¾ 56 - 60½ 52¾- 58¾ 51¾- 56 50 - 56¼ Pitts. Ft. w. &C., aun.r. t60 -160 157½-157x .•.• - ........ - . ....... - ......• - .... '1.60 -160 150 -150 164.½-16'1½ 166 -166 169 -169 168 -168 Special . . .. . . . . . . . . . . . . .. . - .... 150¾-150¼ . . . - . . . . . . . . - . . . . . . . - . . . . . • . - . . . . . . . - .. . . . . . ... . . . . - . . . . . . . . - . . . . . . . - .. .. Pitt.&W.-Prf.tr.rectl!l 32 - 32½ 29 - 80 30 - 32 28 - 80 28¼- 30¾ 80 - 32¼ 30 - 31¾ 31 - 3!l¼ 30½- 34¾ 30 - 30 .•. - ... 18 - 29¼ Rens. & Saratoarn. ... ..... 180 -180 . ... - . .• . ..• - ••• . 183 -183 .... - ........ - .... 178 -180 .... - .....••• - ... . 182 -182 .... - ... . 186¾-189 Richmond & West Pt ... 15 - 15¾ . ... - .. ..... - ........ - ....... - ........ - .... ... - ....•... _ ... . .... _ ... . .... _ . . ...... _ ... ..... _ .. . Rio Grande Western... . .... . ....... - .... .... - .... 15 - 17½ 17 - 19¾ 17¾- 19¾ . .•. - ... . 17 - 18 18 - 18¾ 17¾- 17¾ 17 - 17 22 - 22 Pref . ... .............. .. . .. - ...... .. - . . .. 30 - 37 37¾- 4.4 43 - 40¾ 4.5¼- 4.5)4 . ... - . . . . 41½- 4.4. 41 - 4.3½ 4.3 - 43 39 - 43 4.2 - 42 Rome Wat. & Oardensb, 115½-117½ 113 -116 lU.¾-116 114. -115½ 112ll,!-1H~ 113 -115 114)4-117 lU¼-117½ 117¼-118 117¼-119½ US -120 ll8 -120 ~t. Jos. & Gr. Island. .. . .. - ........ - . . . . ... - . . . . 1¾- 2¼ 1¾- 4 2 - 2 ... . - .... .... - . .. .. ... - ........ - . . ...... - ........ St. Loul8 Alton & T. H. 36 - 38½ 35½- 38 35½- 39¾ 40 - 41l',! 42¼- 66 61 - 68 61 - 65 64½- 64½ 64 - 67½ 62 - 64 .... - . .. . 52 - 62 St. Louis Southern. . . . . . . . . . - . . . . . . . . - . . . 96½- 96½ . . . . - . . . . . . .. - . . . . • . • . - . . . . . . . - . . . . . • . - • • • • . • . . - . . . . . . . . - . . . . . . . - . . .. . . . . - ... St. Loub Soutbw... .... . 4¼ - 4l',! 4.¼- 5% 4.¾- 5½ 4.¾- 6¾ 6¾- 7¾ 6~- 7¾ 7¼- 8¼ 7¾- 9¼ 7½- 9¾ 6¾- 8 5¾- 6ll,! 4¼- 6,! Preferred....... . . .. .. . .. 8¼- 9½ 8¾- 10¾ 9!11 · 11¼ 10 - 13 12¾- 17¾ 15 - 17¾ 16)4- 18 16¾- 19¾ 15¼- 19:U 13¾- 17¾ 12 - 14.¼ 8 - 12 St. Pn.ul & Duluth ...... . .. - . . . . 18 - 18 25 - 26 26¾- 27¾ 26 - 31¾ 30 - 81 28 - 28 29 - 33 32 - 35½ 28 - 32 27 - 28¼ 25¾- 25 Pref..... .. .. . ... . . . . . . . . . . . 9(%- 90¼ 90 - 90 80 - 82 85 - S9 90 - 95 91¼- 91¼ 90¾- 90¾ 90 - 92 91 - 81½ 88 - 90 88 - 88 86 - 86 St. Paul Minn, & Mn.n . . 109¾-110 105 -105¼ 104 -107 107 -108 110 -116¾ 115 -116 115 -116¼ 116 -116 115 -ll6½ 115 -115 114¾-115 114½-115 Sixth Avenue (Horse) .. .... - .. . ..... - ........ - ........ - ... . 217 -217 .... - .... 212 -Z12 .... - .... . ... - ........ - ........ - ....... - ... . Southern (vot. tr. ctfs.) 8½- lOll,! 9½- 10½ 9¾- 12¾ 11¼- 14.J.i 13¾- 14¾ 13¾- 14½ 13¾- 14¾ 13¾- 14¾ 11¾- 14¼ 11½- 13¼ 9¼- 12 7 - 10¾ Pref. " " 29½- 37 30½- 3.'3¾ 29¾- 34¾ 32¼- 37 36 - 41¼ 38 - 42¾ 4.0¾· «¾ 4.0¾- 42¾ 87 - 4.2½ 35½- 4u¾ 33¼- 37½ 22 - 31¼ Southern Pacific Co .... . 17½- 19!,:( 17¾- 18¼ 17¾· 18 16¾- 18 17½- 2~ 20¾- 25¼ 24. - 2d¼ 25¼- 26¾ 23½- 26¾ 23 - 24.¼ 20 - 23¾ 19 - 23¼ 'l'exn.8 Centro.I........... . .. - . . . ... - . . 14 - 1,1 • ••• - ••• • .••• - •••••••• - •••••••• - • • • •• _ ••.•••• - •• . .•••• _ •••••••• _ •••••••• _ .. . Pref . . . . . . . . . . . . . . . . . . . . . . . . . . - . . . . . . . . - . . . . . . . - . . . . . . . . - . . . . 40 - 4.0 . . . . - . . • . 4.2½- 4.2½ . . . - . . . . . . . . - . . . . . . . . - . . . . . . . . - . . . . . . . . - .. . Texas & Pn.clftc....... 8),i- 9¾ 8%- 9¼ 8¾- 10¾ 9½- 10¾ 10¾- 13¾ 11¾- 13¾ 12¾- 13½ 11¾- 13½ 11 - 14¾ 8¾- 12¾ 8¼- 9¾ 6¾- 9¼ Texn.8 & Pn.c. Ln.nd Tr.. 7¾- 7¾ . ... - . . .. 7 - 8¼ 8½- 9¾ 8 - 12¾ 11 - 11~ 11 - 11 .... - . . . 9 - 10 .. - . . . . ... - .... . . .. - .. . Third A.venue (Cable) .. .... - ... . ... . - .... 160 -160 .... - ... .. ... - ........ - ... .. . .. - .... 190 -190 .... - ... . .... - ........ - ........ - .. . Toi. A.. A.. & No, Mich .. 1¾- 2½ ¾- 1¼ 1 - 3¼ 1¾- 3¼ 2 - 4!1,! 2 - 3¼ 2 - 2 1½- 2¾ 1¾- 2¾ 1¼- 1¾ ¼- 1¼ ...• - .. . Toi. & Ohio Central. ... 4.1 - 4.1 4.5 - 45 4.7 - 47¾ 4.5 - 4.8 48 - 48 i8 - 49 46 - 46 .... - . . . . 39 - n 36 - 37½ .... - . . . . 34 - 35 Pref . . . . . . . . . . . . . . . . . . . . . . . 78 - 73 . . . . - . . . . . . - . . . . . . . . - . . . . 81 - 81 79 - 80 . . . . - . . . . . • . • - . . . . 78 - 78¾ 77 - 77 . . . . - . . . . 70 - 72 Toi. St. L. & Kan, City .... - ........ - .... .... - ........ - . . . . 6½- 8 6 - 6½ 6 - 7 7 - 7¼ 8 - 10 9 - 11 8 - 9 7 - 7 Pref....... ..... ... ............ - ........ - . .. . . . . . . . . . . . . . - ........ - ... . .... - . . .. 15¾- 15¼ ...• - .. . ..... - . . . . 20 - 20 17 - 17 16½- 16¼ Union Pacific . . .. . . . . .. . . . 8½- 11¾ 8)4- 10¼ 71}.(- 11¾ 11 13½ 12¾- 17¾ 12 - 14 12¾- 14¼ 12¼- 15¾ 14¼- 16¾ 11¾- 16\.s 8¾- 11¾ 4 - 9 Union Pn.c. Den. & Gull 3,11 · 3ll,( 3¼- 3!14 3¾- 4¾ 4.¼- 6¼ 5¾- 7½ 5¾- 6½ 6 - 6 5¾- 8 6 - 8¾ 5 - 7 4 - 5% 2¼- 4¼ United Compo.n's, N. J . .... - ........ - ........ - .... 232 -235 230 -230 .. . . - ... . 235 -285 .... - ........ - ........ - .... 237½-237½ . ... - •.. Utica & Black River ... .... - ........ - . .. . . .. - ... .... . - .... 150 -150 .... - ... . 151 -151 .... - ........ - ........ - . . .. .... . .. . ... . . .. Vira-lnln. lllldh.. nd ... ........ - . .. . ... - . .. . . .. - ........ - . . . . 26 - 26 . . . . - ........ - ...... . . - . . . . 25 - 25 ..•. - ........ - . . . . .. . - . . . Wabash.......... .... ... .... 5¾- 6½ 5¾- 6½ 5¾- 6¾ 6 - 7¾ 6¾- 9½ 8¾- 9¾ 8¾- 9¾ 8¾- 9¾ 9 - 10½ e~- 9¼ 6¼- 8¼ 5 - 7~ Pref ..... ·- ···· · ............ 12¾- 14.½ 12¾- 14 12¾- 14¾ 14.¾- 17¾ 15¾- 20¾ 18½- 21¼ 19 - 22 20¼- 25½ 21 - 26½ 20 - 24. 18¼- 21~~ 12:1(- 19¾ Western N. Y, k Pa. ... .... - ........ - ........ - ... ..... - .... .... - ........ - .. . ... - ........ - ........ - ... 4.ll,!- 4¾ ... . - ... ..•• - .. Wbeeltnii & L. Erle.... 9 - 11 8¾- 10¼ 9 - 12'1~ 11¾- 13¾ 12 - 15¼ 13¾- 18},; 16¾- 17¾ 16 - 17¾ 13¾- 16¾ 13¾- 16¼ 13¾- 14.¼ 6¾- 14~ Pref.................... . . . . 37¼- 41¾ 35 - 39 35¼- 4.4.¾ 41¼- 4.4.¾ 43 - 4.8 44¼- 54. 52¾- 54.¾ 50½- 113¼ 48 - 51¾ 43 - 49¾ 4.0 - 4.3¾ 29 - 42¼ Wisconsin Centro.I Co.. 2¾- 3 2),(- 2¾ 2½- 4 4 - 4¾ 5 - 6¾ 5¼- 5¾ 5¼- 6¼ 6 - 7¾ 5!1:(- 7¾ 5¾- 6½ 4½- 5¾ 2¾- 4¼ EXPRE~S• . A.dam 8 . ...................... American . .... ............. . United Sta.tea .............. Wells, Fn.raro & Co ...... COAL & MINING. American Coal........ .. .. ColoradoC.&I.Devel. Colorado Fuel & Iron.. Pref'....... . . . . . . . . . . . . . . . Col. & Hock. C. & I.. .. .Pref'................... .. . .. Consolldn.tlon Con.I..... Homestake Mlnlnar.. Lehigh & W. B. Coal. Maryland Coal, pref... . Minnesota. Iron........... New Uentrn.l Con.I........ Ontario Silver Minlnar.. .Pennsvlvn.nin. Coal ....... Quicksilver Mlnlnar.. .... Pref.......... .... .......... TenneHee Coo.I & Iron Pref..... ............. .. .. . Texas Pacific Coal... ... VARIOUS. A.mer, Hn.nk Note Co.... Amer. Cotton Oil Co.... Pref............ . . . .. ....... Amer, Dist.. Teler;rrn.ph . A.m. Sp. Mfa. Co. (w. i.) Amer. Suarar Ref. Co... Pref................ . ....... Amer. Tel. & Cn.ble Co. American Tobacco Co.. Pref....... . ................ 14.0 -144.¾ 110 -113 4.2½- 4.5 105 -110 143 109 42 104. -14.4. -111¼ - 43:):a -107½ 143½-147½ 14.3 -148 109¾-113 112 -115 41 - 43 4.0¾- 43 104. -108 104.¾-109 98 - 98 5 - 7 25 - 25 95 4½.•.. . . . . - . . . . 50 2½- 4.¾ .... - 95 - ........ 6 4 - 6 5¾. . . . 23½- 25½ 25 50 .. . . - . . . . 64 . . . . 4¼- 7¾ 5½. . . . - . . . . . . . . - . . . 15 - 15 . . . . 33 - 33¼ 30 - 31 31 - 31 28¾18 - 20 20 - 20 .. . . - . . . . 22 20 - 20 . . . . - . . . . . . . . - • • • . . . . . 50 - 50 .... - • . . • .... - •••..... 4.0 - 40 39 - 40 39¾- 39¼ 4.0 6 - 6 .... - •.. . . . - .. . 8½. . . . - . . . . . . . . - . . . . 8½- S½ . . . . 310 -320 315 -315 . . . . - . . . . . . . . 2 - 2¾ .... - .... 2¼- 2¼ 2¼12¾- 13½ 13¾- 17 15 - 15¼ 16½13¼- 16¾ 13¾- 15 13¼- 16¼ 15½. .. - ........ - .. . . . . - .... 74 . . . - . . . . . . . . - . . . . 50 - 51¼ 49½- 143 -148 112½-119½ 86 - 43 105½-111½ U4¾-150 113 -117¾ 40 - 42¾ 108 -111 147½-150 113 -115 41 - 43 107 -112 ... - . . . . 37 20¾- 2-n-i 25½- 28¾ 26¾64¾- 74 71¾- 77 75¼.... - .. .. .... - ... . .. . - ........ - .. . . 40 18¾- 24½ 18),(- 21 62½- 70 62 - M 37 30½ 79% 40 .... 27 73¼...• - .... .... - ... . .... 30 23½- ~ 24¼75½ 73 - 75 73¾........ ...... - .... - ... ..... - ... . .... . ....... - .... . ... - . ....... - ........ - .. . . 86½- 91 89½- 93¾ 91),(-103% 9~-110 109¾-119¾ 106½-121¾ 105 -ll6¾ 90¼- 93 90 - 93~ 84.¾· 97 103¾-107 148 114 47 107 -150 -115 - 50 -115½ 14.9 114 4.3 98 -153 1148 -151¾ -118 115 -117¼ - 4.8¾ 42 - 45 -108 91),(-100 140 110 40 95 -150 -116 - 42¼ -107 . ... .••. - . . . ... - ........ - ....... . - . . . . 90 -100 100 -100 .... - ... . .••• - .. . 7½ 6¾- 10¾ 8¾- 11½ 8 - 10¼ 5 - 8 6 - 7% 4½- 6¾ 4 - 5 3 - 5 25¾ 25¼- 28 27¼- 36 33 - 41¾ 36 - 39¾ 36 - 4.1½ 32¼- 41 30 - 85 20½- 31¼ 64 60 - 70 64 - 72 75 - 94 93 - 95 100 -100 98 -100 . . . . - . . . . 89 - 92 7¼ 6¾- 9¾ 7¾- 9½ 4.½- 7 3 - 5¾ 3 - 4.¾ 2ll,!- 3½ 2¾- 4 2 - 3¾ . . . . . . . . - . . . . . . . . - . . . . . . - . . . . . . . . - . . . . . . . . - . . . . . . . - . . . . • . . - . . . . . . . . - ... 30½ 29 - 29 32 - 32 32¼- 32½ 34 - 34 .... - ..... 33 - 33 33¼- 33¾ 30 - 33 22 21 - 22 . . . • - . . . . . . . . - . . . 26 - 26 30 - 30 31½- 31¾ . . . • - . . . . 27 - 30¼ . . . . . . . - . . . . . . . . - . . . . . . . _ . •. . . . . • _ . . . . . . . . _ . . . . . . . _ . . . • _ . . . . . . . . _ .. . ........ - ...... •. - • • • • . . . . - ........ - . ...... . - ... . .... - . . . . 50 - 50 .... - .. . 49½ !19 - 60 60 - 69 tl2 - 65 64.¾- 65 65 - 70¾ 67¼- 72 66 - 71¾ 60 - 70 8½ 8 - 8½ 8 - 9 .... - .... 8 - 8 .... - .... 7 - 7 ...• - .... 6¼- 7~ . . . . 10 - 10¼ 9¾- 9½ . . . . - . . . . 8½- 10½ 10 - 10 9¾- 9¾ 9¾- 9¾ 8 - fl¾ . . . 320 -320 . . . . - . . . 320 -340 324 -324. . . . - .... 326 -340 . . . - . . . . . . - .. . 4. 3¾- 4¾ 3¾- 3¾ 3 - 3 .... - .... 3¾- 3¾ 3 - 3 2¾- 2¾ .... - .. . 20 19½- 19½ .... - ........ - •....... - ........ - . ... 18 - 18 .... - .. ...... - .. . 22¾ 20¾- 29¾ 27¾- 4.0¼ 32¼- 4.0¼ 3!l¼- 4.0¼ 38¾- 46¾ 36¾- 4.5¾ 31 - 38½ 23 - 35¾ 80 80 - 88 87'-(-102 ...• - •... 100!,i-100¼ 96 -102ll,! 100 -102 101 -101 100 -100 49¾ . . . . - . . . . . . . . - • . . . . . . . - . . . . . . . - . . . . 49½- 4.9¼ . . • . - . . . . . • • • - . . . . • • . . - ••• . . . . - . . . . . . . . - . . . .. . . - 90¾- 92½ 91 - 93¼ 92 - 99~ 107½-110 148 -150½ 113¾-115 40 - 4.7½ 109 -115 92¾- 96)4 93¾-100 89 - 91 90 - 93¼ 90 - 95½ 1 93¾-105¾ 105 -109¼ 107¾-111 98¾-100¼ 93 - 96½ 102¾-117 109 -115 99 95 107 113 -102½ - 96)4 -ll6½ -115¼ :::ot~;~e ~::~~1·~~::::. -~~~= ~--- ~~ ~~~ -~~ =~~~1- ~~ ~~~ -~~¾= ~~-- ~~ 99 -104.'94.¾- 98 107 -114¼ 112 -ll5 . . . . 4.3 27¾ 20½75¾ 69;(.......• - 4.3 . . . • - . . . 25¼ 21 - 23¾ 74¼ 69)4- 74 ........ - . . .... - ........ - ... 14 - 15¼ lOOll,(-118 103 -ll4¾ 101 -111¾ 101¼-107 99 -104.½ 99 -102 97 -100 92 - 99 94.¼- 98 92 -114,( 93½-104. SSll,(-101¼ 105 -116 109 -110 106 -108½ . . . . - . . . . •• . • - .•• 18¾- 21¾ 14 - 19 66!!(- 71¾ 59 - 68¼ . ... - ......•. - .. . 13 - 13¼ •••• - .. . P7¼-102¼ 92 -1087-6 96½- 99¾ 91 -100¾ 94 - 98 91½- 95½ 78½- 91¾ 63 - 83¾ 99¾-105 90 -101 -~~= ~~~ -~~ =~~ ~~½= ~~ .. .~~¼= ~~ .~~-¼= ~~~ .~~.½= ~~ ~7¼ B'klyn Wharf'& W. H . ... - ........ - ........ - ........ - .... 102)4-10~ •... - ... . .... - ........ - ... . .... - .... .... - . ... .... - ........ - .. . Brunswick Co... ........ . ... - ........ - .... lit- M l½- 1¼ 2~- 4),,( 3 - S - ........ - .. .. .. .. - . . . . 1¼ 1¼ l¼- 1}1i l - 1 * Ex-dividend. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis RAILROAD A STOCK . 109 1896-Concl oded. JANUA~ FEBR'RY. STOCKS. -------- - MAROH. ~A~ ~RIL. JUN~_:!::_~ !-UG~ST. SEPT'BER. OOTOBE'= Nov'BER.I OEO'BER Low.High Low.High Low.IIl11:h Low.Hhzh Low High Low.High I.ow.High I.ow.High TJow.High Low.High Low .High Low.High ---- - - - - - - ---- - - - - - - - ---- - - - - ---- <Cent. & So. Am. Tel. .. . . .. - ........ - . . .. .... - .... . ... - . . . . 122 -122 Chicago Gas Co...... . .. 70½- 78¼ 70¾- 76% 70 - 73¼ 70¼- 74¾ 72¾- 76¾ 60 - 76¼ 49%- 6:J¾ 56¼- 64¾ 61¼- 71¾ 65¾- 72¾ 60½- 68¼ 57:J:!- 71¾ Dividend scrip..... . . 1·30-1'30 .... {Jhico.go Junction R'y . . 95 - 95 89 - 89 - ... . 98½- 98½ .... - .... 106 -106 <,ommercio.1 Cable... .. . .. .. - .. ...... - . ... 146 -146 ... . - .... U5 -152½ 158 -163¾ .... - .... . . .. - ... lM¾-lM¾ 162¾-162¾ 163 -163 166 -175 {Jonsolido.ted Gas ....... . 126 -131¼ 127¼-Ia! 130½-133¼ 132 -140 138½-145¾ l413fl-149 186¾·145 141 -145½ 141½-145 143 -149¼ 146 -149¼ 136 -161½ Detroit Gas ............... . ... . - ........ - .... .. . . - ... . . .. - .... 28½- 29¼ 29 - 30½; 29½- 30¾ 29¾- 31 30}(- 30¼ . .. - .... 28 - 30 Distill'g & Cat. F. Co. . 7%- 11½ 8¾- 11¾ 11¾- 15¾ 13½- 13½ ... Certificates ... . ........ .. .. . 14 - 14% .... 1st insto.llm't paid ... .... - . . .. 13½- 16¼ 14¾- 16¼ .... 2,1 insto.llm t pa-i d.. 14%- 15% .... 3d installm't po.id .. . . .... 15¾- 18¼ ... . ,1.ll installm't11 po.let. . .. 19¼- 19¼ 18¼- 24¾ 18 - 21¾ 19¼- 23½ 20¼- 22¾ 16¾- 25½ 22¼- 25 18¾- 23¼ 8 - 20¾ Edisun Elec. Ilium. Co . 95 -102 95½-100¼ 94½- 99½ 90¾- 99 97 -101¼ 98!J;C-102¾ 97 -100¼ 97¼- 91)¾ 99 -100¾ 98 -100 95 -97 ½ 94 - 95¾ EdisonElec.Il.,B'klynl12 ¼-112¼ .... - .. ... . - ... . .... - . . . . .... - .. ...... - . .. . .... - .... 106 -106½108¾-109½107¾-107¾• •·· - . . .. .... Erie Tel'gh & Tel'pb. .. 49½- 54 45½- 45½ . . . . - . . . . 53 - 54¾ 53%- 59½ 57~ 68¼ 57 - 60 52¾- 68½ 55 - 65½ 50 - 70 55 - 66 59½- M½ General Electt·ic Co. . . . 28¾ 35½ 28 - 30¾ 25%- 37% 31¾- 36¼ 32 - 35% 34¾- 37% 35¼- 37% 35¾- 38,½ 36¼- 41 29¼- 39¾ 28¾- 33 20 - 31¾ Pref.... .. ..... . ....... . . . .. . - . . . . M¾- 64¾ .... Gold & Stock Tel'g'ph .. 106½-106½ ... . - . .. . 99 -104 10! -104 .... - . .. . 102 -102 . . . H. B. Claflin Co ...... . . .. .. .. - ... . 100 -100 1st pref .. .... .. .. .. . .. . ... . ... - .... 11)() -100 2d pref................ . .. . - • . . . 73¾- 78¼ 70 - 75 I llinois Steel.. .. .. . .... . 72½- 74½ 75 - 77 76½- 82¾ 76)-.§- 79¼ 59 - 76 Interior Cond. & Ins . .. .... 34¾- 41¼ 40 - U¾ Keeley Motor............. . . . . 4½- 4½ .... 4 - 7½ 5 - 5 - ... . ..• 25¾- 29 £8¼- 33 Laclede Gas, St. Louis. 23¼- 27% 2i¾- 27 25¾- 27 25½- 33¼ 23 - 26¼ 25 - 28 26½- 30 23¾- 29 22 - 24½ 14½- 23% 82½86 Pref ......................... 83 - 87 82 - 81½ 81 - 85 86 - 92 85¼- 88½ . . . . - . . . . 85 - 86!1:( 85½- 87¾ 83½- 86 79 - 87 81 - 8!¾ Long 1 ... 1and Traction.. 10 - 13 6 - 10½ 5 - 7¾ 6¼- 13¼ 7%- 11% 8%- 13½ 9½-t17½ tl4½-tl7½ §15%-;22 *19 - 20¾ 15¾- 19¾ 14¾- 20 83½- 90 Metropolitan Traction. 10,½-103 97 - 97 90½- 97 91¼-103½ 101 -103½ ... . - .... 101¾-102¾ 99!,,(-106¾ 98¼-106¾ 92 -110 Mexican Nat.Construe. 11 - 11 10 - 14 . . . . Mlch,wPenin. Car C.:o .... .. .. - .. .. .... - . ....... - . .. . ... . - ... . 20-22 21-23 . .•. P1·ef.. . .... . . . . . . . . . . . . . . . . 52 - 52 - . . . . 61¾- 61!,,( . . . . - . . . . 62¾- 62¾ 63 - 63 - . . . . 52½- 52½ 56 - 56 58 - 58½ . . . . 57 - 57 MutualGas(N.Y.) ...... .... - .. . - .... 255 -255 111i at. Linseed Oil Co . ... . 17¾- 18¾ l ':'¾- 20 19 - 20 23½- 27¾ 23 - 24 20 - 24¾ 23½- 29½ 28½- 31¾ 26½- 29¼ 27½- 31 22%- 23 15 - 22¾ National Lead Co ........ 27¾- 28 26½ · 33½ 27 - 33¾ 31 - 35¼ 34 - 36½ 31½- 37¾ 33½- 36¾ 34¼- Se¾ 32 - 37¾ 30½· 35¾ 29¾- 32¾ 17½- 31¼ Pref........ .. ..... . . . . . . . . . 78¼- 84¾ 80¼~ 83)4 81¾- 85% 85 - 89¼ 88¼- 91 90¾- 94½ 89%- 92¾ 90 - 92½ 90 -92 89 - 90¾ 90 - 92 73 -89¾ Nat. Starch Mfg. Co. . .. . 5 - 6~ 5 - 5 5 - 9 9½- 12 7¾- 10 7 - 7¾ 8 - 9¾ 5).g- 6 9¼- 9¼ 9¼- 9¾ 7 - 8 5 - 6 1st pref...... ... .. ..... . . . 40 - 45 41:3 50xi 50 35 - 47 50 50 34 50¼ 45 48 54¾ 55 50 - 50 45 - 60 44 - 44 45 - 45 ~d p1•ef.... . ........ ....... 20 - 20 18 - 21 29¾- 29¾ . . . . 23 - 31½ 20 - 20 .... 15 - 20 25 - 30 26 - 30 15 - 30 N. Y. &N.J. Teleph'ne .... - .... 117½-117½ North American Co..... . 2¾- 3~ 3¼- 3¼ 3½- 5)4 4¼- 6 5¼- 7 5¼- 6% 5¾- 6¾ 5* 6¾ 5¾- 6¼ 4¾- 5¾ 4%- 5¾ 3¾- 5¾ Oreiron lmprovem't Co . 11 - 11½ 12 - 12 9 - 14¾ 12 - H½ 11 - 12% 8½- 9 5 - 6~ 4¾- 6¾ 3 . 8 - 12½ 10 - 11 7'¼- S Pacific lllnil S. S......... 20 - 23¾ 20¾- 22¾ 21¼- 23¾ 22¼- 24¼ 23¾- 29¾ 28¾- 32½ 27!1:(- 30¾ 27¾- 31¾ 30 - 34J.!j 27%- 32¼ 26½- 32 21 - 33 Philadelphia Co ... .. . .... ... . - .. .. . ... - ....... . 32-32 . .. . P. Lorllln1·d Co., pref... ... . - ...... .. - .... 118 -118 119¾-119¾ .... Pipe Line Certificates. . 95½- 99¾ 103 -103 107¾-114 147½-157½ 155 -155½ 143 -15J 150 -160 . . . . Posto.I Tel'11:h & Cable . . ... - . . . . - . . . . 69 - 69 .... - . . . . 81 - 81 82 - 82 79 - 79 Pullman Po.lace Car .. .. 154- 157 154 -156 155 -158 157 -173¼ 171 -177 172 -178¾ 171 -177 171 - 175¾ 172½-174 170½ 176 lM -168 146 -IM ellver Bullion Certs... . 60 - eo 00½- 60¾ 62 - 65½ 65¾- 08¼ 66½- 67¾ 66¾- 67¼ 66½- 61¼ 66½- 67¼ 67¼- 67¾ 67¾- 69½ 61¼- 68¼ 66,4- 68 ~outhern Cotton Oil. ... .... 41 - 42 ':l1win ( ity Rapid Tran . .. .. 29 - 29 28 - 29 28½- 28½ . . . . - . . . . . . . . - . . . . . . . . - . .. . - . ... 101 -101 100 -100 Pref ... . .. .. . .. .. . .. .. .... . J.¾3!1,t %1½ l¼U . s. Cordaiie ()o . . .... . §7)4 3¾§3¾- ; 81-(i ;7¾- 9 ; 6¾- 7:14 ; 3 - 7¼ 1¾ 4½- 8½ 2¼- 6¼ 4¾- 6 5¼- 7½ 2¾- 6¾ l¾- 2% 2¼- §14¼ §13 - *16% ;U - 17 *13 - 14¾; 5M- 14 Pref. ... . ... ... . . . ... .... . 7%- 13½ 5 - 9½ 7½- 10 8¾- 11¾ 5¾- 11 3¾- 6½ 4¾-§28½ §26½-;33¾ ;29½- 33% ;27 - 29½ *12 - 27 Guaranteed ............. . 17 - 23½ 12 - 19¾ 15¾- 19½ 17½- 22½ 8½- 19¾ 6 - 12 V. S. Leather . ... .. ...... . 10 - 11½ 7 - 9½ 7 - 12¼ 11¼- 21¼ 20 - 24¾ 17¾- 22¾ 15 - 20¾ 15¾- 17¾ 15½- 18 11½- 16¾ 10½- 13¾ 8 - 12% Pref. ...................... . 60 - 65¾ 58 - 63,~ 59¾- 70¼ 69 - 90 89)4- 97¾ 02¼- 95!14 80 - 94¼ 82 - 87¾ 83¾- 90 69¾- 86 61%- 72¾ 58½- 70 39 - 42¼ 39½- 41¾ 38½- 42 39¾- 44!-<( 38¾- 41¼ 39 - 41¾ 40 - ii¾ 37¾- 48 'U . S. Rubber Co ........ . 39¾- 45 38%- 42 33%- 38¾ 21 - 36~ Pref ....................... . 93¾- 9-i½ 93 - 94¾ 93¾- 94¾ 93J. · 14 93¾- 97 91¾- 98½ 93 - 9~¼ 93%- 94½ 93½- 94½ 92%- 95 91 - 94½ 75 - 95¼ 7 - 8 Western Union Beef.. . . 8 - 8 7 - 7 8¼ • 10½ 10¼- 12¼ 11¼- 11¾ 10¾- 11¾ 8 ~ 10½ 9 - 10 9¾- 13 8 - 11¾ 8 - 8 Western Union Tel. .... . 86 - 88 86¾- 89 86%- 89¼ 86¼- 89½ 88¾- 93% 90½- 9!¼ 90¾- 92% 89½- 95¾ 91:'i- 95¾ 90y,i- 93¼ 86¾- 91½ 82½- 89~ 25 - 25 Westln11:h. Elec., ass'td 50 - 50 1"'t pref .. .. .... .. ...... . t Trust receipts 1st Instalment paid § 3d Instalment paid. :t. All Instalments paid. 1~96. STOCK~. JANUARY FEBR'RY. MA.ROH. APRIL. - - - ---- ---- - - - MAY. - - -· JUNE. JULY. AUGUST. 8EPT'BER. OCTOBER. NOV'BER. DEC'BKR. - - - ---- - - - ---- Low.Hi11:h Low.High Low.High Low.High Low.High Low.High Low.High Low.High Low.High Low.Hillh Low. High Low .H igh --- - --- -- RAILROADS. Albany & Susqueh . ..... ... .... . ... - ... 175 -175 180 - 182 183¼-183¼ .... - ... . 170 -170 .. .. - . ... .... - .... .... - .... . ... .... .... - ... Ann Arbor .. ... ....... .. ... .... - . .. . 10 - 11¾ 10 - 10 9¼- 10 8 - 9 8 - 9 7¼· 7½ 6¾- 6½ .... - . ... 8½- 8½ 10¼- 10½ .... .... Pref........ . .. ............. 24 - 273ii 25:1:(- 29% 25 - 27½ 25~- 28 2i¾- 25½ 23¾- 2 ¾ 20 - 22¾ 17½- 20 20½- 21 20 - 20 22 - 26 23 - 24 Atchison Top. & S. Fe .. .... - .... .... - . .. .. .. - ... .... ... . .. .. - .... . ... - ... .... - . ... . ... - . .. .... - ... . .... - . .. .... - . ... .... - . ... 'Jr. Rec., all inst. pd .. 12¾- 15¾ 15¼- 17M 14~- 16% 15½- 16% 14½- 16 13 - 1531, 10¾- 14¼ 8¼- 11¾ 10¾- 13~ 12 - H¾ 13%- 18 12¼- 14% Pref ..... .. . ... . . .. 24 23:J;f- 28¼ 2!J* 26¾ 23¾- 26 21½- 24¾ 19 - 23¾ 15 - 20¾ 14¼- 17¾ 16½- 20¾ 18¼- 24¼ 22¾- 27½ ········ 19}(20¾- 23" Atlantic & Pacific ... . ... . ¾- ¾ ½¾- ½ ¾ ½- ¾ ¾- ½ ¾- ½ ¾- ¾••·· - .... .... - . .. ¾½- 1 ¾¼ Baltimore & Ohio .. .. .... 36¾- 44 21¾· 41 13 - 20 16¼- 19 16¾- 18¾ 16¾- 19¼ 15½- 18¼ 12¼- 15¾ 10½- 14¾ 13½- 15½ 15¾- 18 12¾- 16¾ B alt.& O.S. W.Rauwa11Pref., new .. .. ..... .. . .... .... - .... 7 - 7 . - .... .. - . .. . .. .. - .... .... - ... . .... - .. . .... - .. . .... - .. .. .... - .... .... - .... ... - .... B os. &N. Y. A. L.-Pt .. .... - ... .... - . ... .... - . ... ... . - . .. . 102 -102 . ... .. . ... - .... .... . .. . - ... 100 -100 .... - ... . . - . .. B rooklyn Elevated .. .. .... .... - . ... .... - . ... - . ... .... - .... .... - .... .. .. - .... . - . ... ... . ... .... - .. . ... 3½- 3½ B uff. Roch. & Pltt8b .. .. 10 - 10 15 - 15 15 - 15 15 - 17½ 17½- 25 19 - 19 .... - . ... 10¾- 10¾ 17 - 17 . ... - . .. . 20½- 20½ 20¼- 21 Pref - . ... .... - . ... .... - .. . .... - .. 51 - 62½ 55 - 59 55 - 55 .... - ... . .... - ... .... - .... 55 - 60 58 - 68 ···················· ur. C. Rap. & North ... .... - .... .... - ... 70 - 70 - . .. .... - ... .... - .... .... - .... .... - .... ... - . ... . - . .. . 70½- 70¾ anadlan Pacific. 52 - 56¾ 57 - 59¾ 54¼- 56!,4 55~- 61 60 - 62¾ 60 - 61 56¾- 60½ 55 - 57½ 57 - 58 57½- 57¾ 57 - 58¾ 54 - 56>4 anada Southern ...... . 45¾- 49¼ 48%- 61¾ 48¾- 50¾ 48¾- 51¾ 49¾· 51½ 48 - 51¾ 41 - 46~ 40¾- 44¾ 43¾- 46¾ 43½- 47¾ 47¾- 51 45½- 50 edar Falls & ll'Ilnn '. ... . 9 - 9 .... ... - . ... .... - .... .... - . .. . . .. . .... - ... . ... . - . .. .... - .. . .... .... .... - .... entral of Nf'wJersey. 94¾-108½ lOi¼-109 104 -108½ 105%-109¼ 103!1(-107¾ 102~-108 87¾-103)4 87½- 95¾ 94!'-(-104¾ 98 -104½ 101 -110 98¼-105~ entral PacUlc .......... 14)4-15 15 -15¾ 15 - 15 15 - 15 15¾- 15¾ 14½- 15 H¼- 15¼ 13¼- 13¼ 13¾- 14¾ 13¾- 13¾' 16¼- 16¼ 15 - 15 hesapeake & Ohio .... . 13 -1~ 15¾- 18¼ 15~- 17 l!S - 18¾ 16¾- 17~ 13¼- 16% 12½- 14% 11 - 13½ 13¾- 15¾ 13¾- 16¼ 16¼- 18½ 15 - 17¼ 'hlcairo & Alton ...... .. .. 150 -158 156 -157 154 -158½ 155 -155 157 - 157 158 -159¼ 148½-159 146 -150 150½-157 154 -160 161:1,(-lM 161 Pref........ ....... ... - .... .... .... .... - . .. . 165 -165 .... - . ... .... .... - .... .... - .... .... .... .... - .... .... - . . .... -IM.... hie. Burl. & Quincy ... 71¾- 78¾ 76¾- 81~ 73~- 78¾ 77 - 82¾ 77 - 81¾ 72¾- 80¼ 62¼- 73½ 53 - 66 60½- 71 66¾- 77 76 - 83¾ 68½- 79¾ hie. & Eastern Ill ..... 42½- 43 43 - 4'3 43 - 43 40¾- u~ u - 41 41 - 41 40¾- 41 37½- 39½ .. .. - .... .... - ·•• · 40 - 41 .... .. . Pref........................ 98 - 98 .... 100½-100½ 99 - 99 99 - 99 98 - 98 90 - 96½ 90 - 90 90 - 90 92 - 96 93 -100 .... hlcairo Great West .. .. . ... ... .... .... .... - .. 6¾-10¾ .... - . ... 5 - 1¾ .... - .... .... 4 - 6¾ 5~- 6 5'-( 04hie. Mil. & St. Paul.. . . 63¾- 72½ 71~ 79% 73¾- 78¾ 74¾- 79½ 76 - 79¼ 73¾- 79% 66¾- 76 597A- 69¼ 65½- 73% 67¼- 74½ 73¾- 80 70 - 75¾ Pref ... ................... 125 -127¾ 127½-130 125¼-130}:( 125¾-129¾ 127 -128¾ 126¾-129 121½-127½ 117¾-123½ 120 -129½ 123 -125 125 -130 130 -131 blc. & l"iorthwest .... . . . 94%-100½ 99~-105¾ 101¾-104½ 102¾-106¾ 104 -106½ 100 -106¼ 92¾-10172 85* 96 95 -100 96¾-103¾ 102¼-106¾ 100¼-106% -14!; Pref ......... . . .... l4:'>¼-14A½ 14:11.6-147 14A -149¼ 148~-149 149 -150 144 -149 140¾-14~ 145 -145 145 -145 150 -150 ·• . 142 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis - - - - - . ... - .... .... - .... .... - .. - - .. .... - -. . - .. - . .... .... - .. - .... - .... " . ... ... - - -. .... - 152 -152 110 RAILROAD 1896-Contlnned. STOCK~. JANUARY F11:BR'RY. MARCH. APRIL. MAY. JUNJI:. JULY. AUGUST. SEPT'BER. OCTOBER. N0V'BER. l)EC'BEB. Low.High Low.High Low.Illgh Low.Hurh Low High Low.High Low.High Low.High Low.High Low.High Low.High L0w.Higb - - - ---- - - - - - - - - ---- ---- - - - - - - - - ---- - - - ---- ---- - - - - - - -52½66¾ 49)4- 56!J:( 55¾- 63;K 57'7k 67¼ 67 - 74% 64 - 7~ . Chic. R. I. & .Paclftc..... 62 - 69¾ 69 - 74% 68½- 73½, 70 - 73¾ 69¼- 72H 65)4- 72¾ Chic. St. Paul M. & 0.. . 81½- 37 86¾- 42½ 38 - 41)4 38 - 45¾ 42½- 44¾ 39%- HJ..( 82 - 40¾ 80½- 85½ 36 - 39 36 - 42 !l2 - 46½ 44¾- 4QM Pret ....... . . ....... ... .... 117 -121 120½-124½ 128 -124 121¼-124 124 -12'1½ 122 -124 122 -125½ UP -120 118 -120 120 -121% 123½-126 129 -133 29 - Si¼ 21)4- 29)4 19½- 2i½ 23 - 27½ 23¾- 28¼ 28)4- 33% 25 - 303,6 35:J.<- 39½ 35 - 37¾ 343,(- 36½ 33 - 86 Clev. Clo. Chic. & St.L. 31 - 37 82 - 85¾ 7♦ - Si 73 - 73 73 - 73¼ 75 - 80 Si - 85¼ 80 - 80¾ 78½- 80 . ....... 90 - 90 89 - 90½ 37½- 89¼ 85 - 87 Pref.... ........ 51)4- M½ 50 - 51½ 40 - 49¾ 36 - 89½ •• .. - . .. . ... - .. . . 49 - 49 .... - .•.. 50¼- M Clev. Lor. & Wh., pref. U¼- 53 46 - 52¾ 50 - 53 Cleve. & Pitt&., 1iuar .. .. 155 -157 .... - .... 160 -161~ 161½-161½ 162 -162 16)4- 203-!z 16¼- 1~ 15½- 17 13 - 16 Col. Hock. Val. & Toi .. 15 - 18¾ 16½- 18½ 15½- 17½ 15¼- 18¼ 16 - 16 14½- 17½ 15 - 17¾ 12¼- 15 48 - 62"' M - 60 58 - 68 52¼- 59½ 53 - 55 50 - 55¼ 57 - 60 Pref....... . . . . . . . . . . . . . . . . . . . . - .. . . . . . . - . . . . . . . . - .. . . . . . . - . . . . 53 - 55 -128% 115¼-128),4 124 -125 120 118¼-124'.h; 114½-119¾ 115½-125 ➔-( 127 124¼\ 125¾-127¼ -128¾ 126 125¼-128¼ 12f!¾-129¾ 119"'-129½ ... Hudaon & Delaware Del. Lack. & We&tern .. 155%-164½ 160¾-163~ 160¼--162¼ 159¼-161½ 160 -161¾ 159%-lll6 146 -160½ 138 -151¾ 150 -15'3 153 -156 157 -160½ 155 -160¼ 12¼- ~ 11:1-.(- 11¾ 11½- 11¾ 12¼- 14 11%- 11¾ 10 - 10 12¼- 14 12½- 13¾ 12¾- 13¾ 13 - 13 Denver & Rio Grande .. 12¾- 12¾ 13 - H Pref.... ... . ....... . .. . ... . !lO - 45½ 45 · 51 45%- 50 47 - 49½ 47 - 49½ 46 - 49¾ U - 47¾ 37 - 40¾ 40¾- 43½ 41 - 43¾ 43½- 47 42 - « .... 9½ 8 6 5½- 6 5 - 6 7½- 7½ 7 - 7½ 7 - 8% 8½- 9¼ 7 - 7 8 - 8 Dea Mo. & Ft. Dod1ie... SM- 7 58 - 58 . . .. 60 - 60 Pref..... . . . . . . . . . . . . . . . . . . - . . . . . . . . - . . . . . . . . - . . . . 51 - 51 . . . . 4 - 4¼ 4½- 4¾ 5 - 5% .... 3¾- 4½ . .•• 4½- 5¾ 5 - 5 6 - 6 Duluth S. S.&Atlantic . 4¾- 6 10¾- 12¾ . . . . 10½- 12J.4 Pret.... . .. . . . . . . . . . . . . . . . . 11½- 12% 13½- H¾ 18M- 13¾ 10¼- 10¾ . . . . 15¼- 17¾ 14 - 15% 10¼- 12¾ 12 - 14½ 13¾- 15 14 - 15¾ 14½- 15¾ H - 14¾ 13¼- 15¾ 13 - 15 Erle................ ........ 27 - 34¼ 28 - 28¾ 27½- 31¼ 81 - 34)4 83¼- 88¾ 83¾- 36 38 33 35¼- 39 37 - 41¾ 38 - u ht pref...... . ....... .. . ... . . . . - . . .. . . . . 20 - 28¾ 20 - 20J,t 19¾ 18 1$¾ 17¼16 13 20¾ 17 21~ 19 21¾ 20¾21 21!!(25 22½... . .. .......... pref....... 2d 30 - 32¾ 28 - 29 28½- 31 27 - 27 24 - 27 28¼- 29 30¼- 80¼ 29¼- 80 31 - 81 Evansvllle & T. Haute. 25 - 31½ 81½- Si½ 30 - 31 87 - 43 44¼- 47 30 - 30 .... 48 - 48 .... 45 - 45 45 - 45 50 • 50 50 - 50 Pref .. ....... ............... 46 - 46 - .... 11¾- 11¾ 18¾- 16 •••. Fllnt&PereMarq ...... 14 - 14 13 - 16 .... - .... 14 - 14½ ••.. 40¼ so 34 - 40 - . . . . 85 - 35 Pref. . . . . . . . . . . . . . . . .. .. .. . . 40 - 40 40 - 48 M - 42 40 - 41½ 35 - 40 . . . • Great Northern, pref .. . . 113 -113 110 -111½ 108)4-109 110 -ill¼ 113 -121 118 · 118¾ 109 -113 109 -109 120 -120 115 -119½ 117 -122 122 -122 92 - 97¼ 92 - 933. 88 - 91½ 8d - 9! 8-1¼- 90 90 - 93 92½- 96 94 - 96½ 95½- 97¾ 92¼- 97 95¼- 98 Illinois Central.......... . 89¼ · 98 92¼- 92½ . . . . - . . . . 88 - &i Leased line, 4 It• c. . . . . 85 - 85 . . . • - . . • . . . . . - . . . . 92 - 92 .. • . .. • • - •.• . . . • . nd. llllnol& & Iowa.. .. 25 -- 25 7)4- 8¼ 9 - 10,4 8 - 9½ 9 - 9¾ 8¼- 8¼ 7:1-.(- 8¼ 6 - 7~ 5¼- 6¾ 6¼- 7¾ 6¾- 8¾ 7'4:- 9¾ 7~- s~ Iowa Central............. 25 - 29 32 - 33 2i - 30 19 - 28¾ 23¾- 28 32¼- 35¼ 32 - 35½ 21 - 31 37 - 38 37¾ 34¾37 33½31!,4 25 ........ ... . ....... ..... Pref. 7 - 8 ... . 8 - 8 .••• - ... 6¼- 8 •.•• - ....... , Kanawha & Mlchl1ian. 8 - 8 •• ., - ........ - .. . . 6¼- 7 3 - s 4 - 4 3 - 3 Keok & Des Moines. ... 2 · 2 ... . - .. . . 3!,(- SJ,( 2 - 2 .•.. - ........ - . . . . 3 - 3 .... - . .. . 2 - 2 Pref . .. . . . . . . . . . . . . . . . . . . . . . . - . . . . 17½- 18 15 - 15~ . . . - • • .• . .. . - . . . • . • • • - . . . . 12 - 12 . . . . - .. . • . . . - . . . . . . .. - . . . . 15 - 15 •••• _ ISM 16¾20¾ 19 17½- 18¼ 17¾- 19¾ 13,4- 18)4 12¼- 14% 14¼- 16¾ H!J4- 18 Ln.keErle & Western ... 18 -· 22 20¾- 22¼ 17¾- 20¼ 17¼- 21 72 - 73¾ 69 - 72 60 - 70¾ 55~- 63'4 63 - 68¾ 63¾- 68 69¾- 74½ 69¾- 73½ 69¾- 72¾ 69 - 72 Pret .... ..... .............. . 64¾- 7!. 73 - 75 Lake Shore ................ 13'1¾-146,4143%-150 146 -148 146)4-150¾ 148!,:(-150¼ 147)4 -lM¾ 137 -148¾ 134¾-HS¼ 141 -147 1:l3½-149 149 -153½ 152 -156 40~- M M - 66 59¾- 65 68 - 70 74 - 78).d' 63 - 75¼ 63 - 69 79¼- SO Lon1i 18land ............ ... 82 · Si 81¾· Si 81 - 81 80 - 82 Loul&vllle & Nashville. 39¼- 47¾ 45¼- 65¾ 48¾-- 54¼ 48¾- 53!,4 48¾- 52¾ 47 - 53 42¾- !l9¾ 37¼- 4!l¼ 38%- 44¼ 41)4- 48¼ 47!,(- 53¼ 45¼- 61 ¾- ~ J,t- 1¾ ¾· 2 7¾- 9¾ 5¼- 8¾ 1 - 6½ 1¾- 2¾ 8¼- 9~ S¾- 9½ 8¾- 10 Loulsv.New Alb.&Chlc. 7~- 9½ 9¼- 10 1 - 3¾ l¾- l!l:t 2 - tl 5 - 7 4 - 13¾ 19 - 21¾ 11¾- 19 Pref..... ... .. .............. 16½- 20¾ 21 - 21¾ 18 - 22½ 19¼- 21¾ 20 - 22 ... . - . ...... - ........ - ....... - ........ - .... 101➔-(-108 •..• - . ....••. - ........ - ....... - ....••• - ... . Mahoninll Coal RR .... . .. .. Manhattan Consol ..... . 96%-107 103 -113¾ 103 -106¾ 105½-112¼ 100!,t -109¼ 100¼-105¾ 87!,4-100% 73¼- 89½ 79¾- 89¾ 88¼- 94¾ 93 -104 85¼- 97~ 6¾- 6¾ 8½- 8½ 7'7Ai- 7'7Ai 9¼- 10 .... - .... 9¾- 10~ 9¾- 9¾ .••• 10%- 10¼ 11 - 11 10¾· 12 Mexican Central........ 9 • 9 l¼- 1¼ 1¼- 1¾ 1 - ll,t !14- l¼ ...• ¾- ¾ Mex. National, ctf&. ... . . 1 - 1% 1¼- 2¼ ..•. - •••....• - •••• 90¾- 92),6 90 - 93½ 90½- 96 - 90% 90¼- 92 89 94 90 97 Q5 97¾ 94¾97¾ 93 94 93 97% 96 96 Mlchl1ian Central . . . . . . . . 9!i½Minneap. & St. Loul8 .. 17 - 20 19¼- 21¾ 19 - 20¾ 19¼- 20¾ 18 - 19½ 16 - 19 16 - 16 12 - 13½ 12 - 16 13 - 17 18¼- 20¾ 18 - 19~ 75¼- 78 75 - 78 65 - 69\14 70 - 72 54 - 62 79 - 80½ 78 - 79½ 78¼- 79¼ 66 - 68 1st pref. ... .. .. . . . . . . . .. . . . 72 - 77 77¼- 83 78½- 80 2d pref....... ... .... .. .. 40 - 46 47 - 53 49¾- 52¼ 50 - 53½ 47½- 50½ 46 - 43 34 - 42½ 80 - Stl 88 - 48 42 - 44% 48 - 4.9 47¼- 49 10¼- 12¾ 12 - 14!1<1 12¾- 13U, 10¼- 12~ . 99:(- 11½ 9!,(- 10½ 10 - 11 11¾- 12¾ 11!,(- 12 Mo. Kan&as & Texa&... 10½- 12¾ 12 - 13¾ 11 - 13 24 - 29~ 24!,4- 27¾ 21½- 26:h 16 - 22¾ 16¾- 22¾ 20¾- 24!1.( 21¼- 26¾ 26 - 31 Pret....... . ...... . .... .. .. . 22 - 26¾ 26 - 31¼ 24¾- 29¾ 26!,(- 29 Ml88ourl Paclftc ......... 22¾- 26).d' 20%- 25½ 22¾- 25¼ 23¾- 29¾ 24 - 28¾ 19¾- 25 15¼- 21¾ 15 - 17¼ 17 - 21½ 1$¾- 22 21½- 26¼ 13 - 22~ 21 - 24½ 20½- 28 17 - 18½ 18 - 18 20 - 21½ 16¼- 19½ 14 - 15 22½- 24¼ 22 - 2ll½ 22¼- 22½ 18!,4- 22 Mobile& Ohio... . ....... 21 - 25 Morris & E&&ex ...... .. .. L62½-164. 163¾-166¾ 162¾-164½ 160 -164½ 164. -165 162 -164.½ 158 -163½ 150 -160 150 -158 157 -162 160 -163 161¼-164 - ... . .... - ... . .... - ........ - ... . 70 - 70 - ..... . .. - . . ...... - ........ Nash. Chat. & St. L.... 45 - 45 .•.. - .. . . ... - ... .. ..• - •••. 20 - 30 43¼- 48½ 35 - 37 New Ena-land.. ........... . ¼5¼- 51¼ 45¾- 45¾ 43 - 47 48 - 48 48 - 43 N. Y. Cent. & Bud. Riv. 93¾- 98 97½- 99¼ 95¾- 98 96 - 9$¾ 96¾- 98 94¼- 98 90 - 96 88 - 92¾ 91¼- 93¾ 90¼- 94¾ 94 - 98 92!,(- 95M 12½- 13% 11¾- ~ 10¼- 13 10 - 12 9 - 10 N. Y. Chic. &St. Louis . 11 - 15 13¾- 14¾ 13 - 14¼ 13¾- 14¼ 13½- 14 13 - 13 107-(- 12 70 - 70 . • • . - . . . 71 - 71 75 - 75 60 - 60 67¾- 68 73 - 73 78 - 79 78 - 80 75 - 75 75 - 75 lat pref... ........ .. . . . . . . 71¾- 80 28¼- 31¼ 28 - 29 23 - 28 27 - 29 2d pref....... ......... . ... 26 - 29¼ 28¾- 80 29¾- 32¼ 31 - 35¾ 82 - 83¾ 29½- 82¼ 21¾- 80¾ 20 - 25 287½-2!10 .•.. - ... • - .. . . 290 -290 .... - .... 294 -29.l New York & Harlem . .. .... - ... . 285 -300 - .... 118 -118 Ll7½ -117~ 104½-115½ 111> -110 113 -113¼ 114 -11.7¼ 115¾-117 N. Y. Lack. & West . .... 115¾-120 .... - . ... 117 -119 N. Y.LakeErle &West. HS¾- 16½ H5%- 17¾ ... Pref ........ .. .. . ......... §28 - 25 §26¼- 29 ... - •••. 175 -1ao 170 -176 169 -175½173½-178 t60 -171 160 -165¾164¾-166½167¾-173½177 -183 176¼-181 N.Y.N.Haven&Hartt,175 -18¼ N. Y. Ontario & We&t .. . 12~ 15~ 15 - 15% 14 - 15¾ 14¼- 15¾ 14!,(- 15¼ 13 - 15 12¼- 14. 11¼- 12¾ 12¼- 14¾ 13 - 14½ 14¾- 16¾ 13%- 168½- 9¾ 8 - 8¾ 7 - 8¾ 6 - 7½ 7½- 9¼ 8 - 8:1:1 9 - 11¾ 9½- 10 8¾- 11~ 9¾- 11¾ 7¾- 10¼ 8 - 9 N. Y. Su&q. & We&t.. ... !?3 - 27 21¾- 25¼ 22½- 25¼ 21¼- 25¼ 17 - 22½ 12 - 19¼ 19 - 23'7Ai 19¼- 24¾ 24!1i- 80 26¾- 31¼ 21¾- ~ Pret .... ................... . 21¼- 81 67¼- 67¼ ...• - ••• . 70 - 70 •... - •••..... - ... . .... - .... 63¼- 63¾ 64 - 64 - ........ Nor1olk & Southern .... ... . 11~ Ul¼12¾ 10½.Ul¾• §10 9¾ 58¼8¼ §8 t4 - 5¾ t2¼- *6 ¼- •2 ¼- l¼ l¼- 2¼ Norfolk & Weatern. .. . .. 2 - 2¾ 2%- 8 8 - 9¼ 6 - ~ 4½- 6¼ t¼- •$¾ t9¼- 10¾ tS¾-*11¾ *11 -118 113¾- 14% 514¼- 17 ]§ 17 - 19¾ n~- 17¾ 6¼- 9 Pref. ... .... .. ..... ... .. .. ¾- •5¾ •t¾- t9¼ t5½- 8½ *3¾-UO¾ §9%- 14¾ U2½- U¾ 114¾- 16~ 112¼- 16¾ l¾- 4¾ 1 - l¾ 4 - 5 Northern .Paclftc ........ . 2¾- 5 Pref............ . .... .... .. . 10¼- 16¼ 14¾- 17¾ 10¾- 17¼ 10 - 13¼ 11~-•15¾ •13¾-tl7¼ t12¼<(- 17 *10 - 1$¼ U7¼- 22 §1$¾- 22¾ §22½- 28¾ i21¾- 25~ - ... 12)4-14% - .... .... No.Pac.Ry.Vot.tr. rec. - . . . . ss - 36 80¼- 82" - . ... .. .. Pref. votinir trust rec . . . . - . . . . . . . . - .... §12¾- 18 ... .. - .... 20 • 24 .... Ore,roo Ry. & Nav. Co . 16 - 16 10 - 15¼ 12¼- 12¾ 122 - 22 §18 - 18 ...• - ... . .... - . .. . 14 - 14. - ...... .. O.RR.& N. vot. tr. rec ..... - . ... ... • - . . . . . . . . - . .. . 85 - 403,4 Pref. votina- truat rec. . . . . -15½H5¼• l~IH -14~ §15 8¼- •1¾ •7½- 7½ ta¼- 8¼ *9¾-10 §11 -11 112¼-16 7¾- 8¾ 3¾· 6 Ore1i.Sh.L.&UtahNo. 5 - 6 - . _. 102¼-102½ . ... - •.• .. ..• - .... 104!,4-104~ . . . - ........ - ... . .... - . - .... t>ennaylvania RR ... . ... . ... 2¼- 3½ ••.• Peoria Dec. & Evansv . . 2¾- 3¾ 8 - S¾j 8).d'- 8¾ 2¾- 2¾ 2½- 2½ 1¾- l¼ 1¼- 1¾ 1¼- 1½ 1¾- 2½ 1¾- 2 5 - 7¼ •.• 4}(- 4¼ 4 - 4x, 4 - 4% 5 - 5 4¼- 6 5 - 5 5 - 5 5 - 5¼ •••• 8 - 5 Peoria & Eastern....... •7!Ji-t16 tllJ - 14¾ +5~- 10½ t7¾-*20 *18 -527½ §27¾- 81¾ l28¼- 293' •9¾- 12¾ •10~- 13¾ • 9¾- 13 Phlla. &Readin1i. ...... . 2¾-•15¾ •11¼- 15 Pitts. Clnn. Ch. & St.L 14¾· 17½ 17)4- 187-( 16 - 17% 16¾- 17¾ 16¾- 16½ 14¾- 15 12 - 13½ 11 - 13!4 11%- 13¾ 12 - 13¾ 18¾'- 17¼ 12 - 15 58~- 6S~ 52 - 52 Pref........................ 52 - 56 55 - 59 56 - 58 65¾- 57½ 55 - 55 53 - 53 4.8 - 53 40¾- 42 44' - 47 43 - 49 - .... 150 -150 ... . - ... 161 -162~ 160~-160J4 166 -166 Pitt&. Ft. W. &C., ,ruar, l58 -158 •••• - .... 162 -162 .... - .•.. 162)4-162~ 162 -162 Pitt.& w.-Prf.tr.rect• 17 - 20¾ 20 - 20 .... - .... 180 -188 Ren&. & Saratoa-a ........ .... - ... 182 -182 •••• - •••..... - •... 181¼-181½ .••. - •... 182 -182 . .. . - .... 174 -177 175 -181 Rio Grande Wes tern.... . . .. - . . . . 16 - 18¾ • . . • - ...... .. • • • • 40 40 42 42 41 - 467-( 44½- 44½ 41 - 41 Pref................... .... 39 - 40 - ... . 117 -118 Rome Wat. & 01iden&b, 115½-118 115 -116 114 -116½ 114 - 116¾ 114 -110 114!'-(-116 LU -116 110 -112 108 -111 110 -114 J4- 96 ¾- ~ .•.. ¼ ... . - • _. . .... 7-(¾- ¼ ¾- ¼ •••• St • .Jos. & Gr. bland... .... 57½- 57½ • • • . - .. .. 60 - 60 ... _ - .... 6S - 53 - .. . . 60 - 60¾ 59 - 59 •58¼- f>8¼ . ••. St. Louis Alton & T. H. 57 - 60½ .. ., 4 - 6ff - .... ... St. L. & S. F. V. tr .ctf&. . . . . 84~- 87 1st pref. . . . . . . . . .. . . . . . . . . . . . - 1~ 12 .. . . . . . . . . . . -... ....... pref ~d 2¼- 8¼ 3¼- 3% 3%- 4¾ 4¼- 6¾ 8~- " ' 4¾-- 51,,4 4¾- 4¼ 4 - 5¼ 8 - 4 4 - 5¼ 4%- 5M 4!':(- 5 8t. Lout& Southwe&t'n. Preferred. .......... . .... 9 - 11¾ 11¼- 18 10¾- 12¾ 10½· 12 10¾- 10¾ 9)4- 11½ 7 - 9½ 6¼- 8~ 'i¼- 9!4 8 - 9% 9¾- 12¾ 9 - 10~ 28 - 24½ 18':(- 193,6 15 - 19½ 19 - 20 - . . . . 18 - 18 St. Paul & Duluth. ... ... .. . . - . .. . 27 - 27½ 25 - 26 25¼- 26¾ 24 - 25~ 22 - 22 75 - 76 75 - 85 Pref..... . . . . . . . . . . . . . . .. . 85 - 88 90 - 91 91 - 91 . • • • - . • . . 80¼- 87 85 - 85 86 - 86 . . . • - .. . . 84 - Si -112¾ 118 -113 111 -110¾ 110 110¼-112 -105 105 107M-107¾ 8t. Paul ,ttlnn. & Man .. 110 -115 110 -114 110 -111 112 -112 115 -116 118 -113 8':(- 1(% 11¾ 9 9 7½9 7 7¾ 6¾9¾ 6"9¾ 7'4:9~ 9 10¼ 9 1~ 8'(11 9¾10¼ 7Mctfs.) Southern (vot. tr. 28¾- 80½ 28%- S.'3!,( ~ - 81~ ~ - 32¾ 28 - 31¾ 25½· 29% 19)4- 26¼ 15¾- 21¼ 19¼- 24¾ 22¼- 27¾ 27J4- 88¼ 283.(- Sl~ Pret. 14¾- 15% 14 - 17)4 14½- 1734 10%- 18¾ 15 - 17 19 - 20~ 18'4 - 20~p 18 - 19¾ 17M- 19 Southern Pacific Co ..... 19M- 22)4 19¼- 22 18¼ 20 8 - 10).6 7¾- 8~ 8¼- 9¼ 7½- fl¾ 7¾-- fl¾ R - Rlk, 7¾- 8¾ 6 - 7¾ 5 - 6¼ 5¼- 7¾ 6½- 8½ 8¼- 12 Texas & Paclftc.. . ... . I Tru~t rPce1pts; all asse~sments paid. • Trust receipts; 1st instalment paid t 2d klstalm -~nt paid. ; 3d Instalment paid. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis RA ILRO D l 1. 1 A.r D 1896- Concludcd. JANUAR Y F E BR'RY, MARCH, APRIL. STOCKS. MAY . JUNE. JULY. AUGUST. SEPT'BER. OCTOBER. NOV' BER. DEC'BEQ. --- Low .Ilil{h Low. High Low.High T,ow.High Low.High Lo w.High Low. High Low.High Low.High Low.High Low. High Low.Hiah - - - -·--- - --, - - - - - -- - - - - - - - - - - - - - - - - - - - -- - - - - - - - - - - Toi. & Ohio Central.. . . .. . 35-35 32-32 .... 70 - 70 76 - 75 Pref . . .. .. .. ........... .... .... - . . . . 68 - 68 65 - 55 .... Toi. St. L. & Kan. City .... 5 - 5 5 - :; 5½- 5¼ 5¼- 5¼ · .. • Union Pacific ....... .. ... . 3¼- 7~ 6¾- g 6¼ - 8:)s 7¾· 10 7~- ~ 6½· ~ 5¾- 7¼ 4 - 6)1i 5 - 7¼ 5%- O¼ 9 - 12½ 8 - 11~ U nton Pac. Den. & G ulf 3¾ 4¾ 4¼- 5½ 3¼- 4¼ 3¼- 4 l½- l ¾ l¾--- 2¾ 2~- 4 3),(- 3¾ 2 - 3½ 1¾- 2½ I¼- 2 2¼- ~ . . . . 232 -232 . ... U n.N.J.RR.& C . . .. .. - .. . 151 -151 U tica & Bl. Riv., guar . . ... Waba!th.. ... .. ... .. .. .... ... 6¼ - 7¾ 6¼- 7¾ 6¾- 7¾ 6½- 7¾ 6¾- 7½ 6¾- 7¾ 6¼- 6½ 4½- 5¾ 5¾ - 6¼ 5¼- 7 6¼- 7H 6% - 8 P ref.. . ...... .. ............ . 14¼- 17½ 16¾ · 10¾ 16¼- 18¾ 17¾- 10¾ 17 _ 13¾ 16¾- 18~ 13 - 16½ 11 - 14¼ 12¾- 15¾ 13¼- 16¾ 15¾- 10 13¾- 17 Wester n N. Y. & P a .. . ... - ... . .... - . .. . 4¾ - 4¼ W h e elina- & L . Erle .... 10 - 12¾ 10¾- 13¼ 8¾- 11¾ O¼- 11¾ 9!,ji- 10¼ 8½· 10¾ 6¾- f·½ 5¼- 7¾ 5¾· 6¾ 5¾ - 6½ 6½- O¼ 6 - 8ff Pref .. ....... . .......... . ... 34½- 38 37½ - 40~ 31¾· 38¼ 3-i1>4- 38 36 _ 37¾ 3! - 37~ 23¾- 33~ 20% · 25¼ 2l - 27¾ 26 - 2J 20¼- 35½ 27½- so~ W isconsin Cent r a l Co .. 2¾- 3¼ 3½- 4¾ 3½- 3½ 2¾- 2¾ l ¾· 2¼ .... - .. .. 1½- l ½ 1¾ · 1¾ . , .. 2 - 2¼ 3 - 3¾ 2 - 2~ EXPRE~~. Adams .... . ................. . l!i6 -140¼ U S -150½ H7 -150 1'8½-150¾ 147 -160¾ U7¼ -150 H5!,i-150 l35 -148 143 -145 li3 -146 148 -lM 148 -150 A merican . . ................. 110 -115 110 -113 110 -112½ 110½-115 113 -116 112½ ·113¾ 108 -112 l05 -100 108 - 111 108½-111¼ 111 -113½ 101) -118~ 35 - 40½ 35 - 37½ 35¾- 43 United S tates .............. 38 - 42½ 41½- 45 41 - 46 43 - 47 40 - 44 40 - 48 40 _ 43¾ 30 - 41¼ 39½- 40 80 - 00½ 85 - 02 W e lls, Fargo & Co ...... 07 -100 07 -101 85 - 92 Qt - 07 07 -100 96¼-100 08 -100 07 -100 92 -100 88 - 95 COAL & MINING. - .... 118 -118 115 · 118 . . .. A merican Coal. .. . ........ 105 -110 115 -117 1 - 1 1-2¼ 1 - 1 ½- l¼ ¾- 1½ . . . . ¼ColoradoC.&I.Devel. 2¾- 4½i 3 - 3½ 3 - 3 l¾- 2¾ l¾- 1¾ P r e f .. ... .. .. . .. . .. .. . ... . .... - .. . ... .. 2¼- 2¼ .... Colo1.•ado Fuel & fron .. 23%- 28½ 28 - 34¼ 26 - 32 10).{i28¼ 22 - 25M 27 - 32½ 26"1;- 31 22 - 29 16 - 22¾ 14¾- 17¾ 17 - 21½ 16½ - 20¾ Pref... . .. .. . . ...... ... 80-80 . .. . 94¾ · 98 07 - 98 g4 _ 94 90 - 90 ¾- 1¾ .... - . . . . . .. . Col. & Hock. C, & I.... t4 - t5~ *3¾- 6 l½- 2¼ 2¾- 4 3 - 4¾ 2¾- 3 2½- 3 1 - l¾ P ref ........ . . ... ....... .. 40½- 40½ .. .• 30¼- 303,4 .... Consolidation Coal. .... 1 30 - 31 30¼- 30¼ 32 - 32¼ .. .. - . . . . 32 - 32 34 - 3! 34¼- 3-l½ Si½- 31 ~11 .... H omestake Mining.. . . 29 - 20 30 _- s_o.... 3..0. - 30 33¾- 331¼ 34 - 34 L ehigh & W. 8. Coal • . .... 10¼- 10½ .... :::: :::: :::: = :::: 62 - 52 M ary land Coal, pre f.. . . .. .. - . . .. ... . U - 58 52¼- 61 60¾- 63¼ 55 - 69 Minnesota Iron ....... . ... 53 - 67¾ 67 - 72 68¼- 72 68 - 70¾ 66 _ 70 6.l¼ · 60 50 - 63 40 - 51 7¾- 7½ 6 - 7},g New Central Coal.. ...... .... 8 - 8¼ 7!,ii- 7½ .. .. 6 - 8½ •••. - ... . ... 5 - 5 Ontario Sliver Mining .. 8 - 10 10¼- 13 13 - 15 14½- 15 13¼ · 14½ 11½- 11½ 11¼- 11½ 11¼- 11½ 10 - 11½ 10 - 10 10 - 10 10½- 10~ - ... 320 -320 Pennsvlvanla Coal. ...... ••.. ... . .. •• - • •• • 320 -326 330 -340 - • • • • . ... Quicks ilver Mining. ..... 2 - 2 l ¼- l ¼ l¾- 1:14 .... _ .... l¼- 2 1¼- l¾ 2 - 2J.9 .. .. - .... 10¼- 10~ Pref .. .. . .. .. .. .. .. .... .... . . .. .. . 14 - lt T ennessee Coal & Iron 23 - 30 20 - 3.l~ 24¾- 31¼ 28¾- 3J 25¼- 30½ 20¼- 27 13 - 21¾ 14 - 17¾ 17¼- 23½ 10¾- 25),ji 25 - 32½ 2;l - 29'-( 1 VARIOU~. A mer. Cotton Oil Co .... 16 - 10 17 - 111 13 - 17¼ 12 - 15¼ 12½- H;.( 9 - 13¼ 8 - 10¼? 8 - 9¼ 9 - u 12 - 16 14¾- 17¾ 9 - 13 P ref. ...... ....... .. . ....... 63¾- 66 61½- 60 57 - 64 M¼- 62½ M¾- 50½ 50 - 55½ 88¼- 51½ 37 - 42½ 44 - 50 47 - 57 55 - 62¾ 50 - 6i~ A mer. Dis t. Telea-l'aph . .... 30 - 30 .. . 30 - 39 A mer. Spirits Mia- . .. .... .... 6 - 6 4½- 6 6 - 6¼ 6),(- 7¼ 7 - 14¼ 10 - 1~ P ref 20 - 20 15½- 21 15¾- 17 15¼- 18½ 20 - 33¼ 22 - 31¾ ~ .lmer:s~~. a~:R~·.:c~::: ·9~ Pref .. .. ............ .. .. .. . -108¾ ioii¼-liB¾ 05 - 00¾ 9g -102½ 91 - 93½ 02 - 95 74¾- 84¼ 75¼- 83¼ 100¼-102½ 100½-103 21)4- 22¼ 18½- 10 .. .. - .. .. 21¾- 24¾ 113¼-117¾ 100 -102 01¾- 9! 71¾- 90¾ 100 -102¼ 20¼- 23¾ 20¾- 23¾ 116¾-126¾ 100 -103½ g3 - 96 67¼- 05 97¼-102~ 21 .: 2Ha 20¾- 25¼ i20 =125¾ 10s _104 Oli..-:- g7 6 ~ 72 g 7¾ -lOO 23 _ 33 23¾- 25 io91)s-125 .. 101¼-105½ 91 - 05 61½- 68 08¼- 90½ 21¾- 20~ 21¾- 25 90½- 95½ . ... .... - .. . 70¾ 61½- 69¾ .... . . .. A m e r. Tel, & Cabl e Co. Ame r ican Tobacco Co .. Pref . .. . .. . ........... Bay S tate Gas........ B r ooklyn Rap, Trans . B rooklyn Union G 1Ls . .. .... . . - .... . . .. _ Brunswick Co ............ .. . . ½- ½ .... - .. . . ... . - ........ _ Cb lcaa-o Gas Co .. ..... . . 62 - 67 63~- 70 6i¼- 68¾ 67¾- 70¾ 66½Ch lcaa-o Junct ion R'y . . . ... 05¾· 061-.( . ... . . ..... _ P r ef. ... ... . . . ................ ........ - . . .. .. .. Commercial Cable ...... .. .. - . .. . 162¾-162¼ .. .. _ . . . . . ... Consolidated Gas ...... . . 143 -157½ 15! -161¼ HS -157½ 152 -16!¾ 153¼-163½ 153 -161~ D etroit Gas ........ .. ...... ... . .... . . .. 26 - 27~ 27¼- 27¼ 27¼- 33½ D is.& Cat. F., all In.pd 14¼- 17¾ 15:)a- 10¾ 16¾- 10¾ 17>11- 20¾ 17¾- 10¼ 13),.(- 18 E dison Elec. 1 11nm. Co . 80 f 05 96 - 06½ 95 - 98¾ 08 - 98 98 -100¾ g5 - 96 E dis on El. IJI. of B' kln . .. . . - ... . Eri e Tel'a-h & T e l'ph ... 60¾- 62½ 60¾- 62¼ 60 - 60 60 - 61!4 60¾- 601,( 59 - 60 G eneral Electric Co .. ... 22 - 29¾ 27½- 33¾ 30 - 30¼ 36¼- 38¾ 33½- 36¾ 27 - 34.¾ G old Stock Telegraph .. . ... .. 109 -115 I lllnois Steel........ .. .... 62 - 65 66 - 70 60¼- 67¾ 68 - 75 68½- 72½ 60 - 60 Interior Cond. & Ins . ...... 35 - 35 .. - . .. .... Keeley Motor. .. .. .. .. .. . .. .. 3½- 3¾ .. .. Laclede Gas, St . L ouis. 18),.(- 20½ 20½- 2i¾ 2i -• 29¼ 26¼= 29~ • 2!½ f-re t . ....... ...... . .......... 78 - 70 78 - 82¾ 78 - 81¾ 84 - 86¾ 80½- 83 78 - so L ona- Island Traction .. *16 - 21¾ H9½- 22 ........ - . . . . .. .. ltJanhattan Beach Co... 6 - 8 71¼- 7¾ 9 - 9 g - 12 11 - 11½ 7!4- 7¼ Metropolitan Traction. 92 - 105 10, -108 102¼- 105~ 102½-107¾ 106¼-100¾ 10;1, -1011½ ltllch .. Penins11la1.· Car .. . ... - .... . ... - ........ - ........ - ........ _ ....... _ ... 30 ·· ·£2 P ref . .. . .... . ............... . . . . - 69Xi- 60 20¾- . .. . - . . . . .. .. - . . .. .. • • _ . . . . . .. . _ . . . . 100 -111½ 95 -101½ 86 - 02 55 - 62¾ 07 - 07 14½- 2 1½ 19¾ - 22 78½- 01 1079-4-117¾ 98¼-102 85 - 00¾ 58¾- 67~ 05¼- 96 12 - 17 20¼- 22 84¾- 00 1 - 1 105 -116 95½-100¾ 90 - 01 60¾- 76½ 05¼- 98 7 - 14½ 10 - 21 80¼- 00 ¾- ¾ 115¾-125 100¾-104 00 - 02½ 74¾- 84 100 -105 9½- 22½ 20½- 26 80¼· 06 ¾- l½ 71¾- 78!'4 101 -101 ... . - .. .. .. .. .. . . 149!,ji-168 108 -117¾ 100¼-104 as - 91 73¾- 80~ 101 -103 10~- 12~ 19¾- 21 85 - 92M •· · • - 40½- 63¾ 44¾- M ¼ 58¾- 63¼ 57¾- 71½ 70 - 7';'~ 03¼- 93¼ .... - . ... 105 -105 - .. .. 100¼;-100¼ . . .. . . .. 160 -169 ao -155½ 133 -143¾ 14J. -140½ 142 -150 136¾-160, .. .. 21¼- 22 .... 10 - 14¾ O¼- 10¾ . ... - ......• . - ........ - ···• 93½- 96¼ go - 90 02~- 9!?¼ 9i - 95 99¾-lOO),,i 100¼-101~ 06 - 96 .... - ... . 100¾-100¼ .... - .... 57 - 57 .... - , .. 58 - 59 58 - 62¼ 62¾- 65¾ 6!¾- 67 20 - 27¾ 21¼- 25 23½- 20¼ 24½- W½ 20¼- 35½ ~g - 33ff . .• - , . .. .. .. - · · · · · · · 50 - 6!¼ 33 - 44 36 - 47½ 38½- 47 40¾- 57¼ 30¼- 48~ - ... . .... - . . .. · .. · - .. .. 17 - 22¾ 18 - 20 18½- 25½ 22¾- 26¼ 21 - 29¼ 21½- 25~ . ... 75 - 80 80 - 80 79½- 70¼ 71 - 76¾ 6B - 75 - .. . . .... - ... ... . . .... - .. . ..... - . . . . • .. go -103 79¼- 02¼ 90½- 90½ 03 -101½ 03 -104 107 - 11 1 .... 15 - 16 . . .. 58 - 69 15 - 18 13 - 16 U - 17 15 - 16 16 - 19 11¼· 15" 18),.(- 23 16 - 19¾ 10 - 22¾ 10),.(- 25¼ 2l½- 28 22 - 25ff 7g - 86 75 - 83 80¼- 85 83½- 8~34 88 - 02¾ 86 - 89 7 - 7¾ 4).450 - 60 ··· · · · ... - .. . . 15¼- 15¼ 19½- 24¾ 20 - 20 N a t . Linseed Oil Co .. ... 18 - 20½ 16 - 10¼, 15 - 17 18¼- 19¼ 16 _ 17½ 15½- 21¼ National Lead Co ........ 23 - 27¾ 21¼- 28½ 22~ - 21'¼ 2!i - 28¾ 24¾- 26¾ 22½ · 26½ Pref. . ...... . ....... .. .... .. 82½- 87 86),.(- 80½ 85¾- 87 86½- 91¼ 00¼- 92 85,(- 80¾ Nat. S tarch llltir. Co ..... 4¾- 5 5 - 6½ .... 1st pref. ............ .. .... i5 - 52½ 60 - 52 . . .. - .... 60 - 62 60 - 60 .... iid pref...... .. . .. .. .. .. .. . .. . . - .. .. .. .. - . . . . . .. . - .. .. 20 - 20 19 _ 19 N. \r. & N. J. Teleph' n e .... - .... 125¾-125¾ No rt h American Co ...... 4 - 5~ 5 - 6½ 5 - 5¾ 5¼- 6¼ 5 _ 6 i¾- 5¾ 3¾ - 4¾ Oregon lmprovem't Co . 2¾- 4¼ 2¾- 3 2 - 2 2 - 2 ¼- 1 ¼¾ .... Pa cific Mail S.S . . .. ...... 22¼- 29¾ 27½- 31 24½- 28¾ 25¾- 28¾ 25 - 27½ 20¾- 26¾ 17 - 23~ P. Lorillard Co., pref ... .... - .. . .. ... - .... . ... 09 - 99 .... - ... .. .. P o s tal Tel'irh & Cable . 84 - 84 8! ½- S!X! ... . - . .... . ., - ...... .. - .. . . .. .. P ollman Palace Car .... 148 -156 155¾-164 156 -157 167 -163¼ 168 -161 158"-169 141 -150>,( S ilver Bullion Cer ts .... 67¾- e7¾ U7~- 70 68¼- 6014 ... . - .... 68¾- 70 68¾- 69¾ Standard Gas .. .. .. .. .. . . . .. . P ref .. .. ..... ... ... . ........ . . 101 -101 Stand. Rope & Twi n e .. .... Texas Pac . Land Tru st 5 - 6 6),.(- 7 6¼- 7 .. . • 6 6¾ .... T h i rd A venue <Cable).. .... - ·... . 181 -181 .... - .... 178 -180 .... U . ~. Cord. allaH't pd . 4¼- 6¼ 5¼- 6¾ -i¾- 6¾ 41}4- 5¾ 4¾- 6¾ 4¾- 5½ 33,ii- 4¾ P ref., all ass•t paid.. . 9 - U~ 10¼- 12¾ 8¾- 10¾ 9¼- 11 O¾- 11~ O½- lO¼ 6)4- 9 G oar., all as,'t paid .. 17 - 22¾ 21~- 24¾ 17¼ - 21¼ 19 - 22 19½- 22-¼ 19 - 21¾ 13¼- 18 U . S . Leather .......... .. . 9 - 10¼ 9 - 11¾ 9 - O¾ 8)!- O¼ 8¾- O¼ 7 - O¼ 5½- 7¾ Pref............. ..... . ..... 66½- 6!¾ 59¼- 69¼ 59¾- 63~ 60¾- 64¼ 62¾- 65¼ 56¾- 65 4' - 58¾ U . S . Rubber Co .. . .... .. 24 - 20 25½ - 28¾ 22¾- 27¾ 25~- 28 21 - 27 14¾- 22 16¼- 17¾ , Pref.......... .. .. . .. . .. .. .. 86 - 80 83¼- 87½ 83 - 86½ 85 - 87¾ 75 - 84¾ 73 - 83 70 - 78¾ W estern Union Beef.. .. 7¼- 8¾ 8 - 9¼ O¼- 9¼ 8),j- 8¼1 •••• - .. 8 - 8¼ 7 - 7 Wt,stern Uoton Tel. ..... 81¼- 85¾ 82¼- 87¼ 8 2 - 85¾ 83¼- 87¾ Soi¼- 86¼ 82)8- 86:J.j 77 - 83¾ Westina-house, aHent .. .... - ....... 26 - 26 1st pref.... 117 - p; t Sd i nstalment paid. *Trust receipts; llll assessments paid. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 05 -108¾ 92¼- OS¾ 78 - 87 61 - 60¾ 95 - 05 12 - 17¾ Us - 20½ 75½- 81¼ I:::: i" 3½- 4¾ 15¼- 111 13ti -144 66 - IJO¼ . .. . . .. . . ... 3¾- 3¼ 6¼12 6¼41½14½67¼5¾72¾- 7¾ 14 6¾ 48M 16 71¼ 5¾ 70½ 4¼- 5¼ ¼- l4 18 - 21 4¼- 5¾ 4¾- fi!,( l¼- 2¾ ¾- 1 18¾- 22¼ 21¾- 28¾ 22 ¼- ~ 4¼- 5 ¾- l¼ - . . ...... - .... 140 -149 145 -15i 6i¾- 67 6!¾--- 66¼ 83½- 83¼ 82 - 82 105 -105 .. .. - . . . . - . ... 33'- 5 6¾H 7 45¾16½71 7 77 - 9~ 19¾ 031, uo lt-~ 73 7¾ 84¼ 4¼8 15¼I'¼55½H¾66 7¼81½- 4¾ 9¾ 19 9¾ 63¾ 20¾ 71¼ 7¼ 86),s Sd-88¼ .. .. - .. . . 156¼-160, 160 -167!1a 62¼- 65½ 65~- 65'6 83 - 85 85¼- 85~ 108 -108¼ .... - •. •• 11¾- 12½ 8%· llff 6½- 8¾ ... . - •••• 160 -166 4¾- 7¾ 5~- 6~ 9½- 14¾ 10"· 12~ 20 - 24~ 19¼- 28 8¾- 11¾ 8 - 9ff 69¼- 68}4 677,s- 62K 23 - 26'( 20 - 27 70½- 82¾ 76 - 82" 6 - 8 85 - 001.( 8018- 87U EOU' RAILROAD 112 TOCKS. 189?'. MAY. APRIL. JUNJ:. AUGUST. BEPT'BJCR. OCTOBER. NOV'BER. DEO'BKR. JULY. - - - - - - ---- ---- - - - - - - - - - - - - - - - ---- - - -------- - - ... - .... 177~177½ ... - . ... .... - .... .... - ... .. . . .. . .. - .... .... - .... .... - . .. . ... - . ... 12 11 13 JANUARY FJCBR'RY. MAROH. --- STOCKS. ---- Low.Hiirh Low.Hlirh Low.High Low.High Low.High Low.High Low.High Low.High Low.High Low.Hiirh Low.High Low.High RAILROADS. ..; .... 170 -170 Albany & Susquehan .. - 15¼ 12 - 12 - 11 - 13½ 10½- 12¼ 10 - 10 Ann Arbor. ··············· 9 - 10½ 9½- 9½ 9¼- 9!,(i B¾- 8¾ 9¾- 9½ 9½- 10¼ 34 - 38¼ 30 - 3! 24 - 26¾ 22¼- 25~ 2:$¾· 27½ 27 - 29 28 - 31 27¼· 32¾ 32½- 40 33 - 3! 25}4- 26 Pref........................ 23 - 27 ... .... ... .... - . ... .. .. - .... .... - .. . .... - ... .... - .... .... - ... . . ... - . ... .... . .... Atchison Top. & S. Fe . . .... - .... .... .... . .. . ... .... .... .... .... ... . .... ... . . .... .... . ... - . ... .... - .... . ... Tr. Rec., all inst. pd .. 13¼- 15~ 13~- 15¾ - ... . New common ........... .... - . ... 11¾- 12¾ 9¾- 12¾ 9¼- 10% 10¼- 11 11¼- 13 12 - H¼ 13% · 16¼ H¾- 17 13 - 16 12¼- 13¾ 12¾- 14 22~- 25½ 23¾- 29¾ 28¼- 34~ 31½- 35½ 27½- 33:1:{ 25½- 29¾ 27%- 31¾ Pref ........................ 22%- 25¾ 21¾- 25¾ 18¼- 2!¼ 17 - 20¾ l~- 22 ¾- l½ .... ½i . ... - ... .... - ... . .. . ¼¼¼¼- ¾ ¼- ½ ¾ ¾ - ... .... - . .. . . ... ... Atlantic & Pacific ....... 10¼- 17¼ 16~- 21¾ 13¼- 17~ 12 - 13:1:{ 12~ 15 9¾- 12¾ 9½j- 11¾ 9 - 11 Baltimore & Ohio ........ 14¾- 18 15 - 16 12¼· 16¾ 11¼- 14 2 2 .... 3½- 3¾ 3¾- 6¾ 6 - . ... . . - ... . 2¾- 3 9% 8½- S½ 4½- 5¾ 5¾· 6~ B.& o. S. W.-Pref., new .... - .... .... - . ... Bos. &N. Y. A. L.-Pf .. 105 -105 - . .. . . ... - ... - .... 102 -102 102 -102 .... - .... 105 -105 .... - .... ... - .... .... - .... 106 -106 .... - .... ¾· ½ ¾- :kj .. .. - .... .... - ... . 7¾- 7½ 6¾- 10~ t¼- 8¼ 8 - 8 7¾- 7~ Brooklyn Elevated ..... .... ·••· ... ... .... .... .... 8¾- 8½ .... ... 8¼- 8¼ .. .... - .... ...... ... . - .. . .... .... .... - . ... .... - .... .... Trust receipt8. ... . .... . .. 16¾- 16¾ .... - ... . ... , .... 17½- 17½ 20 - 25¼ . ... - . ... 16 - 16 20½- 31 Buff. Roch. & Pittsb . ... 20¼- 20¼ .... - . ... .... 55 - 55 58 - 66¾ 58 - f.8 54¼- 54½ 57 - 60 62 - 66¼ 60 - 63 Pref . . ···················· 58 - 58 55 - 55 .... - .. .. 55½- 55½ . ... - . .. .... 70 - 70 70 - 7011. 68 - 70 .... - ·•• · .... - . .. . .... .. 75 - 76 .... - . .. 'iO - 70 . ... . ... 68 - 68 Bur. C. Rap. & North ... .... 59 64 74 7~54 51 82 48¾80¼54½ 81 46¾79½57!,.f 81~ 72½ 78½64¼71 56 54¾.... 77¼ Paclftc. anadlan ... C ······ 55!,:(- 62¼ 54 - 58½ 51½- 56~ 51¾- 56% C anada Southern ....... 44¼- 46¾ 44¼ • 46¾ 44¾- 51¼ 46 - 4fl½ 46¾· 48~ 48~- 51½ 49¾- 53¼ 53)4- 57 727,{- 85¾ H2¼- 91¼ 90¼- 98},ji 95¾-101¾ 90½- 98¼ 81¾- 92¾ 82¾- 98½ 767,{- 81% 68¾- 80 C entral of NrwJersey. 98 -103¾ 95 -100¾ 77 - 97 15 - 17% 11 - 14 10~- 12!,g 10¾· 14¼ 13¾- 18 7¼- 8¾ 7¾- 8¾ 10 - 10¼ 8¾- 10 11 - 12¾ 8¼- 9 C en tr al Pacific .......... 13 - 15 10¼- 18¼ 16¼- 20¾ 209:{- 27¼ 23>1i- 27 18.¼ 15~16% 15¾18¼ ltS 16!,:(20½- 24% 20 - 22¾ 21 - 23 ..... - 17¼ 16¾- 18¼ C hesapeake & Ohio 1,17 l53¼-153½ 157½-160 150 -170 164 -157 162 -166 l62 160 158 -165 -169 164 156 -1115 -163½ -160¼ .......... Alton & 162 'blcago -165 -167¾ C .. ... - .... .... .... - ... 161¾-161~ ... - .. .... - .... .... - ... . . .... 170¾-170½ 175}4-175¼ --- · . . - ... . Pref ... ... 81¾- 89¾ 87½- 99¾ 96¾-102¾ 91%- 99½ 89¾- 96¾ 9!¾ ·10C% C hie. Burl. & Quincy ... 69%- 77¾ 737-(- 75% 69¾- 7sx 69½- 7~¾ 72 - 77 77¼- 85 - ... ... . - . ... 37¼- 44 43 - 43 45 - 50¼ 48 - 61 55 - 55 53 - 54½ ·••· .... . Chic. & Eastern Ill ..... ... - . .. . .. - . ... 45 - 45 -101 98 99 - 99 !la .... 98.½- 99 100¾-100¾ 100¾-103 95 . .. . 95 - 95 100 -100 98~ 98¾. .... - 96 - 96½ 96¾- 98½ Pref ... . .......... .. . .. C hlcaaro Great WeNt .. .. ' -<'!· 5 .... - . ... 4 - 4 ··•· - .... .... - .. 3¾- :;¾ 4 - 11¾ 10¾- 20¾ 16%- 20¼ 14¾- 18½ 11¾· 15;1.i 13¼- 16¾ - .... . ... - .. 71½- 74¼ 73 - 73 74 - 75 ... .... - ·•·· - ... . .... - .... .... - ... ... - .... .... - ... . 4 p. c. deben. stock . .. ... ... ... .... - .... !H½- 3lxj 35 - 43 38 - 42½ 33 - 37 33½- 36½ .. .. .. . .. . .... - .... ... ~ p. c. pref., A .. ..... .. . ... - .... 19 - 29 26½- 33¼ 26 - 31% 21¾- 24J~ 25 - 28¾ .... . ... - .... .... - ... , . 4 p. c. pref.• B ..... .... .... .... C hie. Ind. & Loul•v .. - .... .... - .... .... - . ... ... - ... ··•· - .. 9¾- 10¾ 10¾- 13 9!,(- 12¾ 8 - ll 8 - 9 8½- 10¼ ... . ... .... 29 - 32¼ .. . 26½- 28½ 29 - 37½ 31 - 38¼ 30 - 33ll:{ 26 - 30 .. . .... .. . Pref ....................... . .. . - .... . ... ... 8tl¼- 96 76¼- 83¾ 81¾- 89 94¾-102 91%- 98¾ 89 - 93% 92lJ,!- 96¾ 0 hie. MU. & St. Paul. .. . 72¾- 7?¾ 74¼- 77¼ 71M- 78½ 69¾- 73¾ 71¾- 76 Pref ........................ 131 -132½ 132;1:{-133¾ 133!1:(-138¼ 131 -132¾ 130¼-133 l33¾-139% 139¾-141% 142 -144 141 -146 139 -142 139 -14~, 140¾-142¾ 0 hie. & Northwe&t ....... 1027.{-105¼ 103 -105¾ ]03¼-110¾ 101¾-105¼ 102¾-107~ l07½-118¼ 115¾-118½ 117¾-121¾ 120¼-132½ 121¾-127% 117 -123,.1 119¾-12!¼ Pref ......................... 153 -154 154 -155 154 -154 153 -153 153 -155 L56 -161 161 -165 161 -165 165 -165¼ 163 -164 161½-165 163¼-165;.i 60¾- 69¾ 60¼- 63½ 61¾- 66'½ 66¾- 16¾ 73 - 83¼ 81¾- 91¾ 89¾- 97¼ 84%- 92¼ 81¼· 89% 88¾· 92¼ 65¾- 69 C hie. R. I. & Pacific ..... 65%- 70 62½- 66¾ 65:kj- 73 71¾- 89½ 76!,:(- 83¾ 72¾- 79!,~ 77 - 79¾ 0 hie. St. Paul M. & O ... 47 - 52½ 47 - 51¾ 51¾- 64¼ 55 - 59¾ 55 - 59x, 57:1:{- 65 133¼-133½ 135 -135 138 -143 140 -140 138 -138 l43 -145 148 -148 143 - 144¼ 144 -146½ 140!4-145 145 -147 160 -150¾ Pref ............. 35½- 41¼ 33¼- 39 30½- 36 33¾ 37 C lev. Clo. Chic.& St.L. 26¼ - 30 26¼- 28½ 27 - 33¾ 27 - 30¾ 24 - 29¾ 21½- 25¾ 24 - 29% 29 - 37 Pref............ .. . . ........ 73 - 73¾ .... .... 77 - 77 76 - 80 75 - 80 63 - 70 64½- 65¼ 75 - Si 83¾-86¾ 80 - 80 t:!O - 80 60 - 82 40 40 .... . ... 40 ... . .... 40 ... . 40 40 .. . 40 ... . 40¼ 39 4i¼- 40;( 42 pref. Wh., & Lor. 40 lev. - 40 40 - 40 C C )eve. & Pltt8., iruar . ... 168¼-168¼ 166 -166 .... - .... 161 -161 163 -163 162 -165 ·•· · .... - .. . 168¼-168½ . .. - .... . ... . .. . 167 -167 2¼· 3½ 2¾ · 3¾ 3~ 6¼ 5¾- 7¾ 6 - 7¾ 4¾- 6¼ 4¾- 5~ 3½- 11¼ 3¾- 4¾ 1¾- 3¾ l¾- 3 C ol. Hock. Val. & Toi .. 7 - 18 14 - 20 16 - 26 21J.!!- 22 18 - 19½ 15 - 17¼ Pref. ...................... 40 - 46 40 - 40 .... - .... .... - .... .... - .... ... - . ... 15 - 25 103}4-110¾ 109!,fi-119¾ 117¾-121½ 116¾-123 112 -118¾ 106 -114 108 -114 D elaware & Hud8on ... 106½j-121¾ 10'\¾-108¾ 100¼-110½ 99%-106>1, 101¼-107 146¾·158 157¾·164 151 151 158 -157¾ .. 152 Western & -158½ Lack. 156¾-158!4 el. -162¾ -157½ 150½-156¾ 146¼-149¼ 151¾-157½ 147:1:{-153 D 151¾-lM¼ 12¼ - 14¾ 12¼- 14½ 12 - 13¼ 11 - 11 12¼- 12¼ D enver & Rio Grande .. 12 - 12¼ 10¾- lOJi 11 - 11 9¾· 9!4 .... - . ... 11 - 11!,fa 11¾- 12 39 - 43 42- 46¾ 46½- 50½ 47!,:(- 50½ 44}4- 48¾ 42¾- 45 Pref ........................ 42 - 43½ 40%- 43% 37¼- 42¼ 36 - 39¼ 38!,.(- 39 41¾- 46¾ - .... 8¾- 9¼ 9 - 14➔-l 11 - 13½ 11¼· 13¾ .... - . ... 8¼- 9¼ 9½- 13!,( D es Mo. & Ft. Dodge ... 8¼- 8½ 81>4- 8¾ 8 - 8½ 7 - 7¼ Pref........................ .... - . ... .... - .... - .... .... - .... - .... 65 - 65 60 - 60 .... - .... . ... .... ... - . .... .... 70 - 70 ,antlc S.&At ~. uluth 3~3 5 3¾ 3¾- 3¾ 2¾- 2¾ 3 - 3 - 3 3 - 3 .... - ... . 3¾- 4¾ 4 - 4½ . ... - .... ... . .... 5 D 6¾· 10)4 7¾- 8¾ .... . ... . Pref .... ··················· 8 - 8 6½ 6¾- 7 .... - ... 6½- .. 6¾- 6¾ ... . .... 8 - 8 16 - 18¾ 16½- 19 Erle ........................ 14¾- 15¼ 14~ 15 12%- 14% HJ.!!· 13¾ 11¾· 12½ 12%- 15¾ 14½- 16 1~17½ 13¾- 16¾ 14* 15¼ 31¾- 34¼ 33¾· 38 37½- 43¼ 40¼- 46¾ 35½- 42½ 33¾- 37 l•t pref... ... .......... . .. . 33 - 35½ 33¾- 35¾ 27½- 34¼ 27 -21».t 29¾- 31 35¾- 39)4 19¾- 20¾ 20¾- 25¾ 21¾- 25½ 19½- 23¼ 18½- 20¾ 19 - 20¾ 2d pref................... 20 - 21 15½- 15½ 18½- 20 19¾- 19% 18 - 19% 17 - 17 20 28 20 31 20 20 25 21 Haute. T. 27¼ & 34 vansvllle ... . 25 ... - •• · .... - .... 24½- 24½ .... - .... .... .... .... - 25 E 45 - 48 30 - 30 .... - .... 40 - 43 45 - 45 Pref .................. . .. . . . 39½- 40½ .... 43 - 43 . ... - . ..... - .... 37 - 37 .... .... Flint & Pere Marq ...... .... - ... . .... - .... 7 - 10 10 - 10 9½· 14¼ 12¾- 14¼ 12½- 13% 11 - 12½ 12 - 14 .... 10 - 11½ .. .. - ... Pref....................... 37 - 37 ... . - . ... 80 - 30 .... .... .... 34 - 34 30 - 32¾ 32¼- 39:!il 39 - 44¼ 43½- 49 46 - 46 42 - 49 Ft. W ortb & Den. City .... - .... .... - .... ... .... - .. ... . - ... . 7¼- 9¼ 10 - 15 14½- 21} 17 - 18 15 - 17 18 - 18½ - ... .... ... . 11¼- 20¼ 15 - 18 12 - 12 14 - 16 Ft. ""·orth & Rio Gr .... ... . - .... .... - . ... .... - ... . .... - .... .... . .. .... - .... .... - .... . .. ... .... 123 -126 12?½-132 132!1:(-141 139¾-139¾ 130 -133 133 -133 G reat Northern, pref .. .. 120 -121 121 -122 ... - , , • ·fi0¾-120½ 120 -121 Green Bay & Western . .... 21½- 21½ 30 - 30 35 - 35 35 - 35 40 - 40 35 - 35 30 - 30 30 - 30 30 - 30 - .... .... .... - .... 51 - 61 .... .... .... Deben. certB •• Ser. A .. .... - .... .... - . ... .... .... .... - .. 50 - 50 ... . .... ... Deben. certs. eer. B. ... . - .... .... - . .. . .. .. - .. . 6 - 7½ 5 - 6 9 6 4¼- 4¾ 4~- 5 . ... 4, - 4 .. 5 5 3½- 6~ 102 -102¾ 97 101 110 lllnols Central ........... 92¾- 95 98½ 102¾ 96¾110¾ -104¾ 92 96¾ 92½97½-102¾ 101¾-104¾ - 97¾ 91½- 93 92½- 94¾ 96 .. . 96 Leased line, 4 p. c ..... 88 - 88 .... - .... .... .... .... 97 96½... . .... .... .... . ... 95 90 95 - 91 .... 6½- 8½ 7¾· t:!¼ 8!,(- 12¾ 8¼- 13¼ 8¼· 9% 8¼-10 6¾- 8 9 - ~ I owa Central. ............ 6 - 6¼ 6 - 6 6¾- 6➔-l 6½- 7 Pref ........................ . 25 - 27¼ ... - . .. . 24¼- 25¾ 20¼- 20¾ .... - ... . 23 - 29 27½- Sl¼ 31 - 39¾ 34½- 41¾ 2 - 36 28 - 321( 32 31 Kanawha & Mlchll!;n.n. .... - . ... 6 - 6 . ... .... .... - .... .... - .... 4 4 6 - 6¾ 6!,:(- 9¾ 8 - 9 .... - .... 7¼- 7½ 6 6 K. C. Plltsb. & Gulf .. . .... - ... .... - .... .. .. - .... 23 - 29% 24 - 25% 23 - 24¾ 17½- 2-1 - .... ... - ... . ... - ... .... - . . . .... Keok. & Des Molne8 .. . . 3 - 3 .. 3 - 3 4 - 4¾ 4 - 4 2¾- 2½ 2¼- 2¼ 2.½- 2¼ .... .. .. - .... .... . ... 2 - 2 Pref................ .... .... 27 - 28½ .... . ... 12 - 12 ... - .... .... .... ... - .... 15 - 16½ 18 - 19 16 - 16 13 - 14 14 - 14 15 - 15 Keokuk & Wf!stern . ... ... - . ... 32 - 32 .... - .... .... - .... .... - .... .... - . ... .... - ... . 33 - 33 . ... - .. 36½- 36½ . ... - .... . ... - . ... .... .... - . ... .. .. - .... .... - .... .... - . ... KlnarBton & Pembroke ·•• · - .. .. · •· · - ... 1 - 2 ... - .... - . ... ·•· · - . .. . ... - . ... Lake Erle & We8tern ... 16 - 18½ 16 - 17 14 - 17¾ 13¼- 15¼ 13 - 14½ 13¼· 15½ 13 - 17¾ 17 - 22 18 - 22½ 17½- 20 13½- 17½ 15¼ 17% Pref ........................ 67¾- 70¼ 66¾- 68 59 - 68½ 58¼- 65¾ 62 - 64 61 - 69¾ 64 - 72 69¾- 75~ 73!14;- 79% 74¼- 77½ 65:1(- 73~ 69 - 73 ake Shore ................ 152 -154½ 152¾-161½ 163 -172 161 -166 160¼-165¼ 168¼-175 170 -171½ 172 -178½ 171 -181 170 -177 166 -173 171 -175 42 - 42 Lona- Island ............ 43 - 47 42¾- 55 42 - 43¼ 40½- 42 39¾- 39!1:( 38 - 39½ 41 - 42¼ 42 - 42½ 40 - 44 48 - 52¾ 41 - 49 Loul&vtlle & Nashvllle. 47¾- 52½ 48¾- 51% 44¾- 50¾ 40¼- 46% 43 - 46¼ 46¼· 52¼ 49¼- 55¾ 55¾- 62¾ 57¾- 63¼ 54¾- 61¼ 51¾- 56~ 649'- 58~ Loul8v.New Alb.&Chlc. ¼- ¼ .... .... ..... .. .... . .... . .. .. ... . - . ... .. .. - .... ¾- ½ ..• - .... ... - . ..... .Pref ........................ l¼- l¼ .... - .... .... .... ... .... ... .... - .... . ... .... .... - . ... .... ... - .... .... Manhattan Consol ...... 87 - 94 89¾- 94¾ 94¾-108 99½·113 97¾-110¼ 91¾·103¾ 100¾-1~ 83 - 85¾ 81¾· 85¾ 84¼- 90 86¾- 90¾ 83 - 89 Mexican Central ........ 8 8 - 9% 6 - 7¼ 5½- 6 9 6 6¾ . .. 8¾ 8¼- 8¼ .... - ... 7¼- 7¾ .... - .... 9 .... . ... . .. . MeJt. National, ctf8...... l¼- l¾ 1¾- l½ l¼- l¾ l¼- 1¼ .... l½- 1% l~- l¼ l¾· 2~ l¾- 1% l¼· 1~ 1 - 1¼ l~- l¼ Michigan Central ........ 90 - 91 -101 -102¼ 100 99 -108 102 -111% 104 98 102½·108 95¼92¼-100 98 - 98 101¾-104 101!'( · 104-U 90 - 90 Minneap. & St. Louis .. 19 - 19¾ 19 - 19 17 -19½ 17 - 18 16 - 18 19 - 20½ 20)4- 25 24 - 26½ 25 - 31¼ 25 - 26¼ 23 - 26¼ 25 -27s.< lat pref......... .. ......... 78 - 79½ 7,8 - 80 77'4:- 78½ 76 - 76 81 - 81¼ 82 - 86½ 80 - 89¾ 85½- 90 75 - 79 81½- Si¾ 86 - 86 88%· 88¼ 2d pref................ 46¼- 48 5~- 57 55 - 69 47 - 48¾ .... 56¼- 62¾ 54 - o9 44H- 44¾ 47H- 53 50¾- 57 66 - 593( 46 - 48 Minn. St. P. & S.S. M .. .... .... ... . ... - .... · ••· ... 6 - 6 - .... .... .... .... ... .... - .... . - .... .... .... Pref ... .................... .... .... ... .. . .... - .... .. .... . ... - . .. . . ... - . .. . 10 - 10 .... . .... .... .... - .... .... Mo. Kansa8 & Texas... 13¼- 14½ 12¾- 143,s 11½- 13¾ 10 - 11% 1~- 11:kj 11¾- 13¼ 12¾- 14¾ 14¼-16¼ 14'-(- 16% 12¾- 16 12 - 13¾ 13 -1~ Pref ........................ 28½- 31¼ 26¼- 31¾ 26¼- 32¼ 24¾- 28 26H- 29¼ 28¾- 32¼ 30 - 35½ 3,!J.4- 37 35¾- 42 3l - 40¾ 28 - 34¼ 3,! - 37 MIHourl Paclfto ......... . 20 - 24¼ 19¼- 23 14¼- 22¾ 13¾- 16¼ 10 - 15¼ 14'4- 20½ 18¾- 27 24:1:{- 39¼ 32¼- 40¼ 27¾- 35!4 25%- 31:>f. 29¼- 35¼ Mobile & Ohio .... . ....... 21¼- 22¾ 20¼- 20¼ 20 - 21 20 - 20 23¾- 32 26 - 28¼ 23 - 27 27 - 32 17¼- 17¼ 18 - 20:14 1~ - 2! 27 - 30¼ l'!lorrl& & .Essex .......... . 164 -167 163¼-166 164 -165 16! -166½ 164 -164 162¼-165 166 -169 167 -170 168 -170 167¼-170 169 ·169 170 -173¼ Naahv. Chatt. & St. L .. 70 - 70 70 - 70 .... - . ... .... - . ... .... ... . .... 71 - 71 ... - .... 82½- 85 .... - ... . .... .... 75 - 75 New England .............. .... ... 4! - 44 .... .. - ... .... ... . .... .... .... .... .... . ... . ... .... • Y. Cent. & Bud. Riv. 92¾- 95 92¼- 9! 93%-102 96!,(-101% 98¾-100¾ 99¾-103½ 100½-102¾ 101¾-109)4 108¼-115½ 106!,(-111¾ 10$¾-108¾ 1oe~10~ • Y. Chic. & "St. Loui8. 11¾- 12½ 11 - 12 12 - H.½ ll½i- 12 12 - 12 13 - 13~ 137-(- 14 13%- 16¼ 15 - 17¾ 18¼- 15¾ 13¼- 14 13 - 14 J•t •ref ........... ... ..... 70 - 70 .... .... 70 - 75 67¾- 6i¾ 00 - 60 _61½~ ~ J7_4¾~¾ 78 - 81¼ 75 - 7·½ 73 - 75¾ 7~- 74 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis - -. -. . - - .... - .... - . - - - . ........ .. - .... .... .... - -. - .... - - -. - - .... - . ... - - - .... - - ........ - .... .... .... - - .... ·········· - .... .... - .... - - .... - .... .... - .... - - - .... - ... - - - .... - ..... - - - - -. - .... - .... - - - .. - - .... .... ~ - - .... . ... ~ .... - . - ... - ... - .... - .... ...• - .... - ... - .... - .... - - .... .... - . - ... .... .... -. - .... - .... - .... - - .... -. - - - ... - - ... .... - . - ... .... .... .... - - .... - ... .... - - - - - - - .... - RAILROAD .A .l D 113 180?-Contioucd. -- - J.!.NTUilY STOCKS. --------- F.IU!U RY. --- ___ MARCH. APRIL. MAY. JUNE. ACJ0CJST. 31!:PT'BER. OCTOBER. N0V'BER. T)EC'BEB. -- ----------JULY. --- - - - __ _ __ ,_____ ,_____ ,...__ Low.High Low.High Low.High Low.Hhrh Low High Low.High I.ow.High Low.High Lnw.Higb Low.High Low.High Le>w.Htgb N. Y. Ch. & St. L. 2d pf. 27 - 27 24 - 24¼ 25 - 34% 27 - 29¾ 25 - 28¼ 28 - 34¾ 32¼- 3!l¾ 34 - 41 37 - 43½ 34½- 38 313,s;- 35¼ 34 - 36 "New York & Harlem ... .... - .... 295 -295 295 -300 ... - .... 324 -324 .... - ........ .... - ........ - .... 320 -320 315 -315 :325 -825 N.Y.Lack.&West . .... 119 -121 .... . 120¾-122 .... - •.. 120 -120 121 -121 122 -122 120¾-122 120 -12! 120 -122 121½-122 12 -121¾ • Y.N.Haven&Ho.rtt. 175)4-178 160 -175½ 171¾-175 170 -172)4165)4-170 166 -174½ 172¼-175 176 -179¾ 180¾-185¼ 180 -183 178 -180¼ 180 -183¾ N. Y. Ontario & West ... 14½- 15:k! 14 - 15¾ 13¼- 15¼ 12¾- 13¾ 13½- 14¾ 14 - 15¾ 14¾- 16¾ 16¼- 18½ 17½- 20½ 15¾- 18¾ 14¾- 16¼ 15¼- 16¾ N. Y.Susq.&West..... 8 - 9¾ 8½- 9 7½- 9 7 - 7¾ 6½- 7¼ 6¾-10¼ 10 - 15¼ 15¼-1$¾ 17¾- 20 16½- 20 16 -18¼ 18¼-19¾ .Pret. .... ... ......... ..... .. 22¾- 26½ 24¼- 26¼ 22¼- 259,f 20 - 23 18¾- 21½ 20¾- 28 27 - 35¾ 35¼- 39¾ 38 - 45 32 - 41½ 28 - 34:U 32¼- 36~ Norf. & West., o.11 paic1 11¼- 11¼ .... - .... . .. - ........ - .. ... ... - ........ - ........ - ........ _ . .. .. .. _ ... .. .. _ ........ _ ........ _ ..•• Pref., all paid.... ... 17'½- 18¾ 17 - 18¼ . . - ........ - ........ - ........ - .. . . .•• - ........ - ... .. .. - ... . .... - .•.. .. . . _ ... _ •.•• Norfolk & West., new ... .... - ....... - ... 14¼- 14¼ 9 - 12 10¾- 10½ 11¼· 11¾ l1 - 11 12 - 14½ 14 - 17¼ 15 - 16¼ 13¼- 14½ 14¾- 15~ Pref,, new.... .. ........ . . - ....... - ... 26 - 28 23¼- 25¼ 22½- 28 28¾- 30¼ 28½- 30!,4 31 - 39¼ 39 - 45¾ 41¾- 45¾ 39½- 44% 42½- 4~ No.Pac.Ry. vot. tr. rec 13 - 15¾ 13¾- 16¾ 11¾- 14¾ 11 - 13¼ 12 - 13¾ 13 - 15¾ 13¾- 1~ 15¼- 18¾ 17¾- 21¾ 17½- 21¼ 16½- 19¼ 19¼- 22¾ Pref. votinar truet rec 32¼- 38¼ 36¾- 38% 33½- 38½ 33¼- 37 34 - 38¾ 38¾- 4$¾ 39¾- 45½ 45¾- 51¾ 49%- 57 50½- 55¾ 48¾- 56¼ 55¾- 61¾ Omo.ho. & St. Loult1 ...... .. .. - ....... - .. . .... - ....... - .... ... . - ....... - . .... ... - ........ - ........ - ........ 5½- 5½ 8 - 8½ ().RR.& N. vot. tr. rec. 15 - 17½ .... - ... - .. .. 10 - 10 10 - 16 16 - 21¼ 19 - 24¾ 24½- 30¼ 33 - 41 34 - 37½ 33 - 36 35xf- 37¾ Pref. voting trust rec. 37'½- 44 41 - 45½ 42 - 44¾ 39 - 42 43 - 48 47%- 53½ 52 - 65 63 - 69¼ 69 - 73½ 64 - 69 66 - 68½ 68½- 71¾ ().Sh.L.& U.No., o.ll pd . 14¼- 16 15½- 15½ .... - .. .. ... - ... . 15¾- 15¾ 16 - 19¾ .... - ........ - ... . .... - .. . . .. - ........ - ... ... - •... -Oregon ehort Line . . . . . . . . . - . . . . . . . . - . . . 110%- 12½ 111 - 11¼ I 11¼- 11¾ 111½- 17½ 17¾- 20½ 19 - 23¾ 19¾- 23 18¼- 21½ 17¾- 18¾ 1 ¾ 19½ Panama.. .. ........ . . .. . .. . . . . .. . . .. . - . . .. .. . . - .. . .. .. - . . .. .. . . - .. .. •... - . . . . . . . . - . . . . .. . . - . . .. 90 - 95 . .. - • . .. . . . . .. . .. .. - ... . Penneylvo.nio. RR ....... 103),ji-103½ .... - .. . .. .. - ........ .... - .... 104½-106¼ •.• - ....... - . ... 112:1-:l-119 113¾-117¾ 109½-l15¼ 112½-115 Peorlo.Dec. & Evo.n8V . .... - .... 2¾- 2¼ ¾- 2 ½- ½ ¾- ½ ¾- ½ ¾- 2¼ 1½- 3% 1½- 2¾ 1 - 3¼ ¾- 1¼ ¾- l¼ Peoria & Eastern....... . ... .. 3½- 3½ .. 5 - 5 . . .. - .. .. 4 - 4 5 - 5!)4 5¼- 8¾ 7½- 7½ .... - ...... .. - . . .. 5 - 5 Philo.. & Reo.d'g, all pd. 25¾- 28¼ 23¾- 27 19¼- 25¼ .... - ........ - . . .. .. - .. . . ..• - . .. .. .. - . . .. .. - ........ - ........ - ........ - . •.. Pitts. Clnn. Ch. & St, L 12½- 14 13 - 13¾ 11½- 13¼ 11¾- 11~ 12½- 12½ 11:1,(- 13½ 13 - 15¾ 15¼- 22¾ 21¼- 27¾ 26¼- 34½ 30 - 34¼ 33¾- 39¼ Pref ......................... - ... 50 - 50 49¼- 49¼ 46¾- 46¼ 44¼- 47½ 44¾- 47 48½- 55½ 53¾- 60½ 5 ¾..- 69 65 - 70½ 62½- 67½ 65¾- 69¾ Pitts, Ft. W. &C., 1ruar. 165 -166 16!l -168 169¾-169½ 162 -163½ 150 -163 165¾·166 168 -168 168¼-172¾ 170 -li0 .... - .... . .. - ........ - .... Plttsb. & West'n, pref. ... . - ... . .... - ........ - ........ - ..... ... - ...... .. - ........ - .... 4¾- 9½ 8½- 12 8½- 10 .... - .... 5½- 7¾ Ren.ding vot. tr. certs .. .... - . .. .. - ........ - .. .. 16:1.(- 19¼ 17¾-- 19¾ 19¼- 23½ 21¼- 24 ¾ 23¾- 27¾ 25½- 29¼ 22¼- 27¼ 19¾- 23¾ 20¾- 2-! 1•t pref, vot. tr. certs. 147 - 51¾ 148 - 49¾ 140¾- 51 38½- 42¾ 39!4- 42 42 - 48 45½- 53¾ 51 - 56 52¾- 57¾ 48½- 55¼ 44 - 50 47 - 53¾ 2d pref. vot. tr. certs. 131¾- 33¼ ! 29½- 31¾ 126¾- 31¼ 22½- 25¾ 23 - 25 25¾- 28½ 27 - 30¾ 29¾- 34 31¾- 35% 28¾- 33% 2-!½- 29 26 - 29¾ ens. & Saratoga ..... . . . 180 185 •..• - ........ - •••. 180¼-182 177 -180 180 -180 180 -184 182 -182 182 -182½ 175 -182½ 182 -182 180 -180 ,R io Grande Western ... .... - ........ - ........ - ........ - ........ - .... 14!1(- 19!1:l 18¾- 23½ 20 - 23½ 23 - 25½ .... - ....... 22 - 22 Prefer1•ed ...... ............... - . ... 40 - 4 0 .... - ........ - .... 25 - 25 38¼- 44½ 441JJ{- 54 49½- 52Xa 52¼- 59¾ 50 - 57 52¾- 54½ 57 - 61½ Rome Wo.t. & Ogdensb. 117 -119 118¾-118¾ 116 -118¾ 116 -118½ 117 -118¼ 117½-119 119 -120 120 -120 119 -121 120½-120½ 120½-121 121¼-122½ St.J,&G.I.vot.tr.ctfs .. . - ........ - ........ - ........ - ........ - .... 3¼- 3➔.i 3½- 4¾ 4½- 9¾ 7 - 9~ 6¼- 7~ 6 - 7 7¼- 8¾ 111t pref. do .. .. - ...... .. - ........ - ........ - . ... . ... - .. .. 37¾- 40½ 38%- 40% 41 - 50 46½- 52 45 - 48 41 - 46½ 47 - 5l½ 2d pref. do . ... - ..... ... - . ....... - ........ - ........ - .... 11 - 12~ 10½- 12¼ 12½- 18 16 - 20¼ H¾- 17 12¼- 15 15¼- 19¾ St. L. Alt. &T. H. t. rec . .... - . .. . ... - ... . .... - ........ 62 - 62 •••• - ...... .. - . .. . 59 - 60 60½- 60½ 60 - 60 ... - ........ - ... . St. L. & S. F. v. tr, ctfs. 4¾- 5¾ 4¾- 5¼ 4¾- 5¼ 4 - 4½ 4¾- 5¾ 4'½- 6 5 - 5% 5¾- 9 7 - 8¾ 5¾- 7¾ 6 - 7¾ 7¾- 8½ ht pref. do 37 - 38½ 38 - 40 37 - 40¾ 37½- 38¼ 3S - 44¾ 44 - 50¾ 45¾- 48½ 48 - 57¼ 51 - 56¼ 49¼- 53½ 48¾- 56¾ 56¾- 59¾ ~d pref. do 12¾- 13¾ 13¾-- 16 12¾- 15 12 - 13¾ 13 - 15¾ 15 - 17½ 16 - 17½ 17¾- 22:J,t 20 - 21¾ 19 - 21),-4 li¼- 23¼ 22¾- 27½ St. Louis Southwest'o. 4¼- 04 3½- 4½ 2¾- 4¼ 1 - 31,,! 3 - 3¼ 27/4- 3:1-;. 37'{- 4¾ 4¼- 7 5¼- 6¼ 4½- _5¾ 4;½- 5 4 - 5 .Preferred .............. .. 10 - 11½ 10 - 11~ 5¼ · 11 3½- 7¾ 6¼- 8¼ 13¾- 9~ 8).fi- 11¼ 10¾- H¼ 10%-- 14¾ 9 - 11 9¼- 10½ 9¾- 11 St . .Paul & Duluth.. ..... 20 - 22½ 20 - 20¼ 20 - 20 .... - .... . ... - .. . 20 - 22~ 21½- 23 24 - 2i½ 25 - 30 20 - 20 21 - 21 21 - 21 Pref..... . .. .. . . . . . . .. .. .. .. - . . . . 87 - 87 85 - 85 75 - 75 . . . . - . . .. 75 - 80 72½- 72¼ 77 - 83 87 - 87¼ 80½- 87½ 81 - 82 81¾- 81:ij St. Po.ul 11nn, & Man .. 114 -114 116 -117 118 -118 115 -116¼ 116¾-117 .... 117 -117 124 -125 121 -12!l¾ 123½-123½ 122 -122 121 -124 Southern vot. tr. ctfs... 9¾- 10 9 - 9¾ 7¾- 9¾ 7 - 8¼ 7¾- 8¼ 8½- 9¾ 8¾- 10 9¼ - 11¾ 10¾- 12¾ 9¼- 11¾ 8¾- 9¾ 8¾- 9¾ Pref. " " 26 - 29% 26¾- 29¾ 24¾- 29¾ 22¾- 26¾ 2!l¾- 27 26¾- 30½ 28¾- 32¾ 32¾- 36¼ 32¼- 38¾ 29¾- 31½ 27 - 31¾ 29½- 33¾ Southern Pacific Co ..... 13½- 15:):( H¾- 15¾ 14l4- 15¾ 14 - 15½ H¼- 15¾ 14¼- lox 15 - 16% 16¾- 22 19¾- 23¼ 19 - 21¾ 19¼- 20¾ 20¼- 21¾ "l'exo.s Central... .... . .. . .. - .. . 10 - 10 . .• - ........ - ........ - ........ - •• . 10 - 10 .•.• - ........ - ...... . - . ... . .. - ....... - ... . Pref . ...................... .. .. - .... 40¼- 40½ .... - ........ - •....... - ........ - ... .. .. - .... .. - . . . . .. - . .. .. .. - •. .. .. _ _....... - ... . Texns & Pacific......... . 8¾- 10¾ 9 - 9¾ 8¼- 9¾ 8 - 8¾ BM- 9¾ 9¼- 11 l0¼i- 12¾ 12¾- 15 11%- 14% 10¾- 13¼ 10 - 11¼ 10¾- 12¼ 'Toledo & Ohio Centro.I .... - ... . .... - ........ - . ....... - ........ - ........ - ... . .... - .... •... - .. .. 20 - 26 25 - 26½ .... - • • .. • •. - ... . Union Pacific........... .. 6¾- 10 6½- 7¾ 5½- 7¾ 4½- 6¼ 5¾- 7¾ 5¾- 8 5¾- 8¾ 7¾-t18¼ t16¾-t!!4% t20¾-*27¾ US¾-~ *23¾-*26½ Union Pac. Den. &Gult 2 2½ 2 - 2 1!1:(- 2 1 - 1¾ 1¼- 1½ 1½- 2¼ 1%- 3 27,i- 7),--' 5½- 11¾ 7¾- 10¾ 6¾- 8¼ 6¾- 8).6 Un. N. J. RR. & Canal .... - ........ - .... 215¼-215¼ .... - ........ - ....... . - . .. .. .. - ........ - .. ...... - ........ - . . .. . . - .... ... . - ... . Utica & Black River ... .... - .... .... .... - . .. . ... - ....... . - ........ - . .. . ... - ........ - ........ - .. 165 -165 .... - ... - ... . Wabash.............. ....... 6¼- 7¾ 6¾- 6¾ 4¾- 6½ 4¾- 5¾ 4¾- 5¾ 5¼- 6¼ 5¼- 7¼ 7¼- 8¾ 7¾- 9¾ 7 - 8½ 5¾- 7¾ 7¼- 8)-fi Pref........................ 15¾- 17¼ 15½- 16½ 12 - 16½ 11½- 13¾ 11%- 13¼ 13¾- 15~ 14)4- 18 17½- 22¾ 20~- 24¾ 18 - 22¾ 15 - 19 17%- 19¾ Warren.................... . ... - ........ - ....... . - . ....... - ........ - ........ - ........ - .. 166 -167 .... - ........ - .... .. . _ .... _ .. .. Wbeelina-& L. El'le.... 2 - ti½ 1 - 2!14 1 - 2 ¾- 1¾ ¾- 1 ¼- 1 ¾- 2 1¾- 3 2 - 4 1¾- 2¾ tl'½- +2% tl¾- t2¾ Pref...................... .. 10 - 29 5¼- 10½ 4 - 6½ 2¾- 4 2¾- 8¼ 3½- 3~ 3½- 6Xa 6¼- 12½ 11½- 19¾ 13½- 14¼ tll¾-tl2¾ tl0 -tll¾ Wisconsin Cenu·o.1 Co.. 2½- 2½ 2 - 2 1¾- 2¾ l¾- l½ 1 - 1 1 - 1½ 1¾- 2 1¾- 4¾ 2%- 3¾ 2¼- 2!,p 1¼- 3¼ l¼- 2 .Pref............ . . .. . . .. . .. . . . .. - . . .. .. .. - . . . . .. .. - . . .. . . . . - . . . . . . . . - . .. . .. . . - . . .. . . .. - .. .. 6½- 6½ 6 - 8 . .. . - . . .. . . .. - .. . . • • . . - ... EXPRE~S. Adams...................... American.................. United States..... . ....... . Wells, Fo.reo & Co... ... COAL & MINING. American Coal. ......... .. Centro.I Coal & Coke .... (JoloradoC.&I.Devel . .Pref....................... Colorado Fuel & Iron .. .Pref....... . . . . . . . . . . . . . .. Col. & H.C.& I., a.II pd . Consolidation Coo.I..... Homestake Mining.... . Maryland Coo.I, pref .. .. Minnesota. Iron .. :....... . New Centro.I Coal....... Ontario Sliver Mining . . fl'ennsvlvo.nlo.Coo.l ....... (lulcl,sllver Mining...... Pret..... ... ... .... ...... ... Tennessee Coo.I & Iron Pref.... . ...... . . . . . . . .. . .. 150 -155 109½-111¼ 38 - 40 97 -100 125 -125 147!<(-152 ll0J.(-112¼ 37 - 40 98½-100 148 -150 111 -113 38 - 4.0 99~-102 148 -151 111½-113 39 - n 100!,:(-103 148½-153 112 -114½ 38 - 39¾ 102½-103½ 1,lS½-152 111¼-114 38½- 40½ 105 -107 152 113 40 101 -155 -116 - 48 -109½ ... - ........ - .... . ... - .. ... ... - .. .. . ... - .... 119 -119 153:1,(-156 115 -116 45¼- 48 108 -112 157 -160 ll5¼-11{1 43 - ,&6 108 -111 .... - .... 125 -125 155¾-165 115~-119 40 - 46 108 110½ 154 -162 155 -160 116¾-119½ 115¼-119¼ 40 - 42 40 - 42 109 -114 lll½-120 ..• - . .. . ... - ........ - ... . .... - . ....... - ... . .... - ........ - ........ - . .. .. .. - ........ - . . . •... - ........ - . .. . 20¾- 20;, .... - ........ - .•.. ½- 1 ¼- l .... - ... ½- ½ ½- ¼ ½- lxf ¾- % ¾- 2 1 - 1¼ ¾- ¾ ... - ....... - ... . 2¼- 2¼ .... 23 - 27 20½.. .. - . . . 75 3~- 4¾ 4 37½- 37½ 35 40 - 40 .... - ........ - ........ - ........ - .... 26¼ 75 4¼ 35 .... 17 . . .. 3½. . .. 35 - 22¾ • . .. 4¾ . . .. 35 .... - ........ - ........ - . .. 50 - 51 42 - 50 38½· 48¼ 5 - 5 5 10½- 10¾ 10½- .... - ........ 1¾11:1,(2b,¼70 - 1¾ 11¾ 31 70 ...• .... 25 . .. . - 5 .... - ... 0½ .... - • ... .... 340 -340 ........ - ... . ........ - .. .. 30% 24 - 29¼ .. . . . . . . - • • • . 16¾.. .. 4 . . •. .... - 19,¼ . . .. 4 . . .. .... 15¾85 3¼37½38 . .. - .. .. 50 38 - 44 42½.. .. - .. .. 4¾8¼- 8~ 13¾.... - ........ 1%- 1¾ . ... 8 - 8 .... 19¾- 26¼ 17 65 - 65 .. . . - 17~ 85 3¾ 37½ 38 50 42½ 4¾ 2'½- 2% .... - ........ - . ... 15,¼.. . . 37-£.... 39 .... 45 5½6~ 6¾....... .... 1¾... 8 20% 18½. . .. .. . . - 20½ 16¾. . . . 75 4¾ 4¼.. .. .. . . 39 35 . . .. 40 63 62 5½ 5½7 6 ....... lXa .... 8 ... 25% 21¾. .. 80 - 20¾ 17¼75 . . .. 5½ 4%.. .. .. . . 35 35 40 • • • • 58 55 5½ 7 8 3¾........ .... 2½. •. 10 26½ 25½80 .. . • - 4½- 5 2 23 23 - 27% 21¾.. 72¼- 75 80 7¾ 6 - 7¾ 6 . . .. .. .. - .. . . . . . . 35 37 - 38½ 37,¼...... .. - •... • • •· 60 58 - 60 56¾8½ 8 - 8½ 7 3½ 5 - 5 4½.... ••• - ........ 4¾ 2¾- 3 •··· 13 10 - 10 ••.• 32½ 28½- 35¼ 25¾. . .. . . .. - . . .. . . . . - 2 2½24¾ 19¾80 70 6¾ 5 .. .. . . . . 38½ 40 .. 46 57½ 56 7 6 4½ 3½..•..... ....... . .. .. • .• 32¾ 22!4• . .. • . . • - 2½ 22 70 5~ . . .. 40 50 58 2¼- 2~ 21¾- 26 80 - 80 5¼- 6¾ . . • - .. .. 45½- 46½ 46 - 52 58 - 68½ 6 7 - 7 4½ 4 - 4:J;t ... . 330 -330 .... lM- 1~ ........ - •••. 2d¼ 24¼- 26M . • • . . • . • - .... VARIOUS. Amer. Bank Note Co ... ... - .... .... . ....... - ........ - ........ - ........ - .... 42½- 43½ ... - .... 43 - 4; .... - ....... - ....... - ... . Amer. Cotton Oil Co ... . 12½- 14¾ 11¾- 14½ 11 - 12½ 10 - 11 9½- 12 10½- 15 13¼- 17½ 17 - 23,¼ 20½- 26¾ 20 - 25 18 - 22~ 21'4- 24~ Pi·el........ .. .......... 64~- 56¾ 52¼- 55½ 55 - 58 56½- 67¾ 53¾- 59½ 55 - 63 62¾- 68 68 - 77 74 - 80½ 74 - 77½ 72 - 76¼ 73½- 77 Amer, Dist. Telego.rph . .. .. - .. . . ... - ........ - ........ - .... . ... - .. . ... - . .. . 27 - 27 ••.. • ... - ........ - • ... 23 - 23 21½- 23 Amer. l!'pirits Ml&-. ... .. 11¾- 14½ 12¾- 14¾ 10 - 14.¼ 9!,:(- 13 9%- 11½ 9¾- 12¾ 11 - 14 13 - 15¾ 12 - 16 9!4- 12¾ 6¾- 10½ 6¼- ~ Pref........... ........... 26 - 32¼ 30¾- 34 26~- 34% 2~- 33½ 26¼- 30~ 27 - 31¾ 28½- 33 32¾- 36 30 - 34¾ 27½- 31¾ 16¾- 27% 15 - 21½ Amer. Suao.r ReJ. Co ... 110 -118¾ 110¼-117¾ 109¼-118~ 109¾-115 112¾-118 115 -130 125¾-146~ 138½-157¾ 142¾-159½ 137 -150¼ 126'4-143 l.35¾-145½ Pref.. .............. . ...... 100)4-103!)4101¾-103½ 100¾-105¾ 101¾-103¼ 103 -104½ 104½-108¼ 107¾-119 111½-117¾ ll!l¾-121½ 113 -116¾ 10$¾-114 112 -115¾ A.mer. Tel. & Cable Co. 85½- 91.¼ 86½- 90 86 - 89¾ sa - 89 87¾- 88½ 88 - 94 90 - 93 91 - 94 91 - 93 90 - 93Xa 90!):1- 93 89¾- 91½ American Tobacco Co. . 73¾- 79¾ 67¾- 75¾ 71¼- 79¾ 68~- 75).fi 67¾- 72¾ 71¼- 79¾ 73~- 85 83 - Off¾ 87 - 06¾ 78%- 90}4 78¼- 83 81¾- 90¼, Pref.......... . .......... .. 102½-106¼ 100 -103 105 -l0S l0i -106 104 -104¾ 105¾-100 108 -112 llQ¾-115 11.%~114}( 100½-113 1()9¾-110¼ 113 -113 Barney&~n1ltbCo.r,pf. .... - .. .. .... - ... .... - ..... - ... - .... 47½- 47½ .... - •... 50 - 50 .... - ....... - . . . . . . - ... .. - •.. • • All assessments vaid. I "When tasu111" cer"ltlcate~ § 3d instalment paid t 1st instalmer.t ra1d 2d Instalment paid. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis * 114 R ILIWAD 189?'-Concluded. JULY. AUGUST. 8EPT'BER OCTOBER. NOV'BER. OEC'BER. JUNE. MAY. MARCH. - - - ---- ----APRIL. - - ------- - - - ---- ---- ---- - - - - --- - JANUARY FEBR'RY, STOCKS. Low.High Low.H igh Low.High Low.High Low.High Low.Hhrb Low.High Low .High Low.High Low.High Low.High Low .High- --·--------·- - - - - - ---Bay State Gas ........... . 11~- 13~ 1~- --- - - - - - - ·- - - ·- - - - - - - - - - - - - - - - - 12¼ 8½- 12 7!1(- 10 8½- 9¾ 8¾- 15¾ 1~- 14!1( 13¾- 16½ 7½- 15¾ 3¼- 9¾ 4¾- 7 3¼- 6¼, Brooklyn Rap. Trans .. 18%- 193,,( 19 - 21~ 20 - 21¾ 20 - 20!,s 19 - 20½ 20 - 29¾ 28 - 35½ 31 - 85 al¼- 87 29½- 35 30½- 33¾ 81½- 37%. Brooklyn Union Gas ... 85 - 91 89 - 91 92 - 99¾ 98 -106½ 103½-109¾ 104 -110½ 109½-119¾ 117½ ·122¾ 120 -137 t20½-126¾ 116 -124¾ 115¼-119!J( Brunswick Co ....... ,.... %- ¾ .... - • .. . ... - . . . . .•• - .... . ... - • . . . ¾- ¾ ¾- 1 ¼- 4.¼ l¾- 3~ ¾- t'1¾ t3 - *6¼ :1:5¾- :1:8~ Capital Traction....... . .. . - ........ - . ..... . - . .. . . ... - .... 52 - 52 53¼- 55 . ... - . .. .... - .. .. 56 - tl8 50½ · 53½ . .. . - .... 61 - 63 Chicairo Gas Co....... . . . 73¾- 79½ 75¾- 78':( 75¾- 81¾ 77¾- 84¾ 78!1(- 8.l 83½- 96¾ 92¾- 99¾ =99¾·103¾ 98¼-108¾ 87¼-102 9212 - 97¾ ••. - • Chlcairo Junction R'y.. . .. . . ... 103 -103 104 -104 105¾-105¾ 102½-105½ 103 -103 . . •• - . ... ... • . .. . . •. Commercial Cable ....... . ... - ........ - .... .... - .... . ... - .... 162¾-162½ •.• - ... . ... . - ........ - ........ - ....... Consolidated Ice......... .. . . - . . . . . . . . - . . . . . . . - . . . . . . . . - . . .. . . . . - . . . . 30 - 41 38½- 41¾ 86 - 40 37 - 40¾ 31 - 36½ 28 - 85 31¾- 35¼ Pref ........................ . ... - .... .... - . .. . . . . - .. . .. . - .... . ... - . 80 - 87 84 - 90½ 85 - 87 84¾- 88 86 - 90 88 - 90 88½- 90 Consolidated Gas ........ 136¼-150 146¾-154 150½-159¼ 154½-163 159 -164 158½-168~ h.64 -179 179¾-196½ t92¼-241½ 194 -220 t77 - 210 175 -189J.1, Detroit Gas................ 20 - 25 24¼- 2'1½ .. . . - . • .. . . - • • .. . • . . - • . . . 21½- 21¼ 21 - 31½ l>l - 43 40 - 51 45 - 54 48¼- 60 Edlsun Elec. Ilium. Co. 101"-104~ l~-105¾ 105 -107 106½-107¼ 110 -116½ 115¼·117 116 -122¾ 122 -125¾ t23½-132½ 123 -127 121 - 125 123!4-130 Edison El. Ill. ofB'kln . .... - .... 97 - 98½ 98½ ·103 102 -102½ 104 -105 107¼· 109¾ 107 -107 115 -115~4 106¾-115 .... - .••. 106½-107 110 - 110· Erie Tel'trh & Tel'pb... 04¾- 67 .... - .. .. . . . . - . . 63½· 64 - •. .. 65 - 65 65¼- 67½ 65 - 66¾ 67¼- 76 68½- 613½ . .•. - .. .. .. .. - .• . Equllable Gas (N. Y .) ...... - ... . ... - . ....... - . .. .. .. - .... 213½-218½ 222½-222½ 252½-260 .... General Electric Co..... 32½- 35¼ 33¾- 36¾ 30½- 36¼ 80 - 32¼ 28¾- S1¼ 30¼- 35 33 - 36¼ 85 - 38¾ 35¾- 41~ 32½- SB¾ 30¼- 83¾ 32½- 84¾ Pref. . .. ...... ............ 75¾- 75¾ •... - . .. . 75 - 75 . •.• - •.....•• - •.•. 108½-108¼ Gold & Stock Tel'1r'ph . .... 107 -107 Grand Rapids Gas-L . ..... - . ... 67 - 67 76 - 76!>4 H.B. Claflin Co .......... .... - . . . 81½- S2 83 - 96¾ 96¾-101 88':(-101¾ 85 - 98!,s 85 - 85 9!l - 94J.1, 1st pref .................... .. .. 9-1 - 84 !ld pref'........................ 43 - 48½ 37 - 43¾ 41 - 49 Illinois Steel ............. . .... - .... 30 - 38¾ 32¾- 37" 29½- 35 82 - 35 33¾- 40 35 - 35¼ 39 - 50 44 - 50 Keeley Motor............. .. . . 4½- 4½ . • .. - . . • . . . . . - . . .. . . • . - • . . . .. . . Laclede Gas, St. Louis. 22½- 25 23 - 24¾ 22¾- 24½ 22½- 24 ~2 - 23¾ 22½- 24'4 23;,£- 30½ 29½- 49¾ 39½- 49¾ 40½- 46 38¾ - 43 43 - 45¾ Pref ......................... 75 - 75 71½- 73 70¾- 78 73 - 78 78 - 83½ 79 - 82 81 - 84 82½- 96 94 - 96 80 - 85 90 - 94 80 - 9& Manhattan Beach Co.. . . . . - . . . . . . . . . . . .. . . . 7 - 7 .. . . - . • . . 4 - 4 5 - 5 Metropolitan Street .... .. . . - .... .... - . ... .... - ... . .... - .... 88~-102½ 100 -116¾ 115¾-133¼ • H ~;:,c:~':: 1:-:tt:u~::d i,iic~::::: ~! !! :~:~~_P;~~ti:~ :'=1~~½ ~~ =108¾ 105 -to7!,s 101¾-104¼ 88¾-107¼ 107 =1~~~ l~=l!~¼ ~~~-¾=l~~ = Pref........................ 50 - 51½ 52 - 52 50 - 50 . . . . - • . . . . . • • - . . . . . . . • - • . . . . . • • - • • . . 52 - 52 61 - 61 1 1 13¾23 89¼5 55 - 15 26¾ 90 5 62 13~21¼· 88¾3½52¼15 - 13~ 25¾ 92 3¼ 55 15 12 22¼80¼5 51½. .•. - 13¼ 25¼ 81~ 5 55 National Lead Co........ Pref........ . ............... Nat. Starch Mfir. Co..... 1st pref............. . ..... ~d pref .................... .... New York Air Brake .. .... N. Y. k E. River Gas ... .... Pref........................ .... N.Y.&N.J.Teleph'nel24 -124 ...• North American Co...... 4½- 5 4¼- 4½ 4 - 4¾ Oreir. Improve. tr. rec .. .... Pacific Mall S.S .......... 24 - 26¾ 24½- 25~ 25 - 27~ Peoples' G.-L.& C., Cb. . . . . Pierre Lorillard. pref . .... Pullman Palace Car .... t52 -159¾ 155 -157 156;1:(-163 Sliver Bullion Certs .... 64¼- 65¾ M!J,4- 64-U 62 - 64 Sixth A-venue ......... ........ - ....... South. & Allan. Tel'gh .... - ... .. .. - . ... ... - ... Standard Gas . .. ... .. . . . . 81 - 81 Pref ............ ..... . .... 102 -102 108 -108 •••. - •. . . Stand. Rope & Twine.. 10¼- 11¾ 9½- 11¾ 6¼- 10½ Texas Pac. Land Trust .... - ...... .. - ... . Third Avenue (Cable) .. .... - .... 155 - 155 158½-162 Twin City Rap. Tran... . . . . Pref ................. . ...... .... Union Ferry ............... .... U.S. Leather............. 8½- 9¾ 7¼- g 7 - 8¾ .Pref............. ........... 58¾- 64 54 - 62½ 55!,(- 6~ U.S. Rubber Co......... 22¼- 25¾ 18½- 22¾ 13 - 20¾ Pref... . .... ... ......... ... 74¾- 76¾ 67¾- 76 61 - 73 West Chicago Street .... .... - .... . . . . Western Gas ....... .. . .... .... - ... . .... Western Union Beef.... 6¾- 7¾ ... 7 - 7 We.tern Union Tel. .. . .. 82¾- 86 81 - 84¼ 82J.(- R6½ t Trust receipts 1st instalment paid. 12 22!48<».(. .. . 52½8¼ - 12 24 82 •• •. 52½ 10 22½90¾3 54 12 - 10½ 27¼ 84¾ 8 54 12 10½= 26½· 94¾8 54 15 - 3¾- 4¼ 3:)4- 4¾ 3¼- ii .. ·i~·½= io·· 4 - 2 5¾- 6¼ 4½ 36½- 44 103¾-108¾ 9 - 13 87 - 90 35 - 43 27 - 3~ 86 - 97½ 117¾-117¾ 1 = ~~~ 25¼- 27¾ 25¼- 28}4 26¾- 30¾ 29¾- 32¼ 30¾- 3d¼ . . .. - . . . . - .... . ... - .... . ... - .... 159 -169½ 167½-171 t69 -176 60 - 60½ 58¾- 58¾ 51¾- 67 - .... 188 -195 .... - .... .... - :::: = :::: :::: = . .. . - . . . . . • • . - . . . . . • • • - 32½- 40 103!-<i-105~ 6 - 8 86 - 86¾ 21 - 30 •· ·· ...• .. . . - 1~1¼:~~M 31 - 35¾ 101:)4-104¾ .. . . . ... 20 - 20 4 - 5 .. ;14 -*15½ i12 - §15 - •. . . 110 -116% 127¼-128½ - ... . 118½-118½ . ... - . •.. 6½- 7 6¾- 7½ 3¾- 7¼ 4¾- 9½ 7¼- 8¾ 6 - 6 7 - 7¾ 7 - 7½ 7 - 9 . ... - .... 146 -151¼ 148 -156 US -150 . . .• - •••. 152 -15S½ 147 - 149 1'16 -161 - ... 6½50 13 62¾- 62¼6'4 6¾56½ 52¼16½ 10¼66~.t 58!1(- 62¼ 7¾ 55¼ 14 64 . .•• 6½- 8 55 - 60 10 - 13½ 55 - 62¼ 64 7¾59 10 50 - 64 8¼ 63¾ 15~ 59½ - .. . . 68 - 68 .... 6½- 6½ 6¾- 6¾ 5;.£- 8½ 8 - 8½ 77!,(- 82½ ~75~- 80¾ 78¾ - 85 83¼- R6½ § 3d in stalment paid. ; 2d instalment paid. · i:; : 11 33¼- 38¾ 103~-105¼. 5½- 6 76 - 76 17 - 2022 - 24- - •••.... 3¼- 4¾ 4¼- 4:)4 §15¼-*18½, 33¾- 38¾ 28:)4- 86½ 28!<(- 31 29 - 32 . . . . - .. . . 82½- 94¾ 91 - 96:1:1 83¾- 97¾, 115 -115 t75½-185 167,¼·176 165 -171 172 -173¼ 52 - 60 57 - 57½ 58¼- 59¾ 58¾- 58¼ . .. . - . . .... .. - . .. . 85 - 95 .•. - . . . . . . . - . . .. 140 -140 151 -151 .. . . - •... HS - 148 .... - ... . 5 - 8½ 4¾- 6½ 4¼· 5 2~- 4J.1,. 4¼- 5¾ - .... . ... - .... .... - 157 -158¾ 157 -158 62 - 62½ 603,,(- 61 1 ~~~ ~½= :~½ ·io~ 2i¾ .i6 : i1h 31¾ 28¾- 36 84 - 37¾ 99½ 98¼-103¾ 102½-105½ 5¾ 4½- 6 6¼- 13 56 58 - 59¾ 65 - 76¼ 8¼ 15 16 - ~ 32 - 45 - ..... . . . - . . ... - .... 29½· 31½ - .... 60¾- 76½ 75¾- 83 •8¾- 9"¼ - ... . 88 - 88 101 -111½ 111 -116 116½-120 i¾ 1 147 -173 8¼95 - 95 . ... - •..• 6¼- 7~ 62 - ~ 15¾- 1~ 64½- 691' l01,¼-102M 14* - ..•..... - .... 8 - 10¼ 8¼- 10¼ 7¼- 8½ 6¾- 7½ 62¼- 71½ 64 - 72 61¼- 67 58½- 63¼ 14½- 20¾ 17 - 20¾ 16¼- 18¼ 15!,(- 17¾ 58¾- 7l 65¼- 70¾ 63 - 67 68 - 66 l l l -112 tG9¾-11<».( 103¼·107¾ l00~-103¼ 81½- 86 8'1 - Sl 8¾· 9 9 - 10 8 - 10 7½- 10 ~- 9ff 85¾ · SM¼ All - 96¾ 87¾- 91¾ 84½,- 88¼ 87¾- 91-U. • All instalments paid. PRICES OF TOOK .A D· BO DS I BO TO , PHILADELPHIA A D BALTI~ORE. Below we show the highest and lowest prices of bonds and stocks at the Stock Exchanges in Boston Philadelphia and Baltimore for each month of 1897. BOSTON BONDS IN 1897. BONDS. JANUARY FBBR'RY. MARoll. APRIL. MAY. JUNE. JULY. AUGUST. 3EPT'BBR. OCTOBER. NOV'BER. IJEC'BEB.. Low.High Low.High Low.High Low.High Low.High Low.High Low. High Low.High Low.Hiirh Low.High Low.High Low.High ------------------- ---- -------- ---- ---- - - - - - - - - Amer. Bell Tel'p'ne ... 7 103~-103l4 103 -1~ .. . . - . . .. 104 -104 103~-104 103¼-10S½ 108 -103l4 103 -103½ 103 ·103 102¼-102}( 101½-101~ 101¼-lOlJ.1, Reiristered....... .. . .... Atch. Top. & San. FeGeneral, 199:S ........ 4 Adjustment, 1996 .. . 4 Guaranteed notes .... 6 Atchison &Nebraska.? Atl.&Pac.-W.Dlv.lnc.6 Tr. rec. for 1st.. .... . 4 Boston Elec. Ltirbt ... . :s Bost. & Low.-193~ .. 4 Bo11ton & Me.-1942 .. 4 1944 ...... ........ .. ,.4½ Bost. & Mont., 1900 .. 7 3d IHue, 190:S ....... 7 Bo ■ ton 1'erm., 1947 3¼ Boeton Un. Gas, lst ... 6 2d, 1939 ............ ... :S Burl. & .Mo. RiverIn Neb., non-ex. 1st .. 6 In Neb., exempt lst .. 6 In Nebra11ka ............ 4 Butu, & Rn11tnn. . . . . ff https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis . ... - ... 104 -104 ~ ~-: 104 -104 104 -104 . .. - .. ... ... - .... 103 -103 78¾- 80¼ 78¾- 81l4 80 - 81 79 - 80½ 79¾- 81l4 81¾· 84 43 - 48!4 45¾- 48~ 4S - 47¼ 43 - 45J4 44¾- 4'7'4 48¼· 51 .... .... .. - •••. 118 118 .... - ... . 76c. - 75c.... . . ... - .... 50¼- 51 100 -103 10S -103 . . .. - .... 103 -103 - ..• . 105 -_1 05 ... . ... 106¼-106½ . ... .... .... 118~-118~ .... ... .... 82 - 85 68 - 74 82 - 85 69 - 72 81½- 85 64 - 72 80 - 83 63 - 66 - . .. 101 -101 80 - 83 82½- 88 62 - 62½ 62 - 75 ..•. - ••••.... - .... 102¼-102½ .... - .•...••. - •••• 83¾- 85¾ 85¾- 86¾ 85¾- 88 85:ij- 87 85½- 86¾ 86¼- 89¼ 49¾- 56 55~- 58¼ 58 - 60¾ 57¼- 60¾ 52~- 56 55 - 5~ 1027.13-102¼ .. •. - ..•. 123%-123¾ .... - .... 108 -108 ..•. - .... 107¾-107% . .. . - .•.. 119¾-118¾ .. . - •••. 105½-105½ .... - .... 108~-108}( .••• ..• . 108 - 108 102J.1,-102½ 87 - 83 91 - 93 88 - 83 85 - 89 84½- 87 86½- 88 70 - 77¼ 75 - 83 713 - 82 66½- Si 66 - 74 6~- 70 ••• - .. .. l07¾-107ll( 107 -107 •• - •••. 107¼ -108 107½-107½ l07¾;-107ll( .... - .... 107 -107¼ 106 -108107 -107 116J.1,-11~ 116J.!-117l4 118 -118 118 -118 116%-116¼ 118¾-118'.1118½-118¾ 119 -118 - •.. . 118 -119 120 -121) .... - . . • . 98½- 98½ 89 - gg 98 - 98 . ... . ... - .... 80 - RO 80 - 84 BOSTO BONDS AND STOOKS. 110 BOSTON BONDS IN 1897-00NCLUDED. BONDS. JANUARY FEBR1RY. MARCH. APRIL. MAY. JUNJC. JULY. AUGUST. SJCPT'BER. OCTOBER. NOV'BER. DEC'BER. ---------------------------------------1·---- Low.High Low.High Low.High Low.Higl1 Low.High Low.Hiirh Low.High Low.High Low.High Low.High Low.High Low.High, Ced. R.&M.R..-1916.'7 ... - .... 135:1:(-135¾ . ... - .... . ... - ........ - .. ... ... - .... .... - ........ - .... 137 -137 .... - .... 125 -125 Chic. Burl. & QuincyDenver Extension ... 4 . .. . - .. . . 93¼- 93½ 93½- 9i¾ 93½- 98½ 98¼- 98¾ 9i~ 96 97 - 98 97 - 98 98 - 98¼ 964a- 9~ 97 - 98 98 - 99 let, 1903 ................ '7 115 -116 116¾-117 115¾-116½ 115¼-116~ 115%-116 116¾-117 116!1:(-117 116 -116¾ 115 -116 114¾--115 114¾-115 115¼-115'¼1901, realstered . ... ti .... - ....... - ... . 100¾-lO()J,ji .... - . . . . . . - ........ _ Convertible, 1903 ... ~ 98¾- 99¼ 98½- 99 98¾-102 99 -100¾ 100 -101¾ 101½-108 102'4-lOi¾ 108'¼-108 107'7kll0½ 105½-107¾ 105½-107¼ 108 -109¾. Iowa Div., 1919 ...... 4 96¾- 96¾ ... - .... 98 - 98 97¼- 98 99 - 99½ 99 - 99¼ 99¼- 99¼ 99¼-100 100 -100¾ 99¾-1110 99¼-100½ 100¾-101¾ 1919 ................... li .... - ........ - .... ... - ........ - . . .. 110 -110 . . . - ........ - .... 111 -111½ ... - ........ - .... 110 -110 ' Plain bond11, 19!ll ... 4 .... - ........ - ....... . - .. . . 89 - 89 .... - ........ - .... 92 - 92½ 98 - 95¼ .... - ....... - • . . . .... - ... 98 - 98 Chlo. Burl. & North ... ti 108'),(-lOi½ 104¼-104½ 104 -104½ 104 -104¾ 108¼-104.¾ 108¾-104¼ 104 -104¾ 104¾-105¼ 105 -105½ 104¾-105½ 105¾-106 106 -107¾ ~d mort,raae . ......... . 6 99 - 99¾ 119 - 99¾ 99 - 99¾ 96 - 99½ li8 - 9 99 -101 1003-9-101 1003-9-101 100½-101 100 -100¾ 100 -101 101 -101¼ Cb,J.R•y & U. S.Yd11 ... 108¼-109½ 109¾-109¾ 109 -109½ 107½-109 107¾-108¼ 108¾-110 109,4-109½ 109¾-110 109¾-110 109¾-109¾ 109¾-110 109¾-110¼ Chic. MU. & St. Paul~ Dubuque Division .... 6 118¼-118¼ .•.• - .... 121 -121½ 121 -121½ 122 -122 128¼-128¾ .... - . ... 125¼-125½ 124¾-125½ .... Wlllconsln Val. Dlv .. 6 117¼-117¾ .... - ... . 119¾-119¾ lll)½-119½ lll)¾-119:1,( 119%-120 122¼ ·122¼ .... - .... .. .. - ... . 128½-128¼ . ... - .... 125 -125 Chic. & W. Mlch ........ ti .. .. - ... . 45 - 48 49 - 55 50 - 55 50 - 50¾ 52½- 60 57 - 59 56 - 65 65½- 67 57 - 60¾ 6') - 65 61 - 67 Chlc.&N.Mlch.1931.:J .... - .... 37½-40 42-42 42-!18 48-48 45-50 - .. 57-58 .•. - • . . .••. - •••. 50-55 Concord & Ports. con.4 .. . . - .... 105!1:(-105¾ . . .. - .. . . .. • . - .. . . . .. . Con110I. RR. of Vt ..... ti 50 - 58¼ 50¾- 51 52 - 55 55 - 55¼ 55 - 55¼ 55 - 57¼ 5S - 58 59 - 65 67½- 75 65 - 70 60 - 68¼ 60 - 63¼. Trust receipts . ......... 52 - 58½ 50 - 50¼ 51 - 57 55¾- 55¼ 55 - 55¾ 55,4- 58 58 - 59¾ 60¾- 60!}s 71 - 71 70 - 70 .••. 63'¼- 68~ Current Riv., lst.'27.ti 50 - 50 .... - .... 55 - 55 60 - 62 60 - 70 70 - 72 68 - 72¼ Det. G.R.&W.,1946.4 .... 62 - 64½ 65 - 66 66 - 70 70 - 70 70 - 78 73 - 7¼ 78¼- 74 73 - 74 74 - 78 Det. Lan8. & No.let, '1, trust 1.·eceipt8 .. 55 - 55 55¼- 56 .... - ....... . - ....... - . ..... .. Dominion Coal, let .. .. 6 98 - 95 92½- 96 92¾- 96 92 - 98½ 92 - 95 95¼- 98¾ 97½- 98 98 -100¼ 100¼-101½ 102½-108\ls 102 -108 103¼-106¼ Ea&tern, MaH., 1906.6 118¾-119¼ 119¼-119¼ 120 -120 119¼-119¼ 119¼-120 119½-119¼ 120 -120 120¾-121 120 -121 120 -120 119 -119 120 -120 Erie Tele. & Tel,,'09.6 101 -101 100 -101 100¾-101 10()¾-101 100 -101 101 -101 101 -101 101 -101 101!1:(-101¾ 102!1(-108 102'¼-108 103 -104 Fitchbura-, 1900 ....... . ti .... - .... 108¼-103¼ .... 1899 ............ ........ ~ . . . . - .. . .. . . - . . . . . . . - .... 102\ls-102\ls . • • . - .. .. • . . . - • .. . • . • • 1908. •• ••.. •., • .. •••"• .. ti .. • • - • •., . •.. - • • •. • •• • - • •., . •. . - • .. I • • • • - , • . , . . • • . . • • 106 -106 ••• · Fremont & Elk Horn.6 .... - .... 128 -128 128'¼-128¼ 129'),(-181],4 181 -181½ 183 -138 183 -133 .... - ..•...•• Un8tamped . ... ........ 6 127 -127 - •. . . 127¼ -127½ 128 - 128¼ 129 -181¼ 131!'-(-181¾ 182 -132¼ .... - .... 1:38 -138¾ 133¼-188¼ 184],4-134.~ llllno18 Steel-Plain .. ti 70 - 75 70 - 74 70'¼- 72 69½· 70 69¼- 70 70'¼- 77½ 74 - 74. 74 - 80 81) - 84 79 - 80¾ 75½- 79 76¼- 84 Convertible ........... . ti 75 - 82¼ 71¼- 75 72 - 72¼ .. . - • .. . 69¼- 69'¼ 75 - 75 . . . . - • .. . 74 - 81 82 - 86 82 - 82¼ 76¼- 77 78 - 86 Kan. City Belt, l8t .... 6 .... - .... 105 -105 .... - ..•. - .... 106¼-106¼ .... - ........ - ...• K. C. Clln. & Spl'lng- .. ti 50 - 50 50 - 50 57¼-, 57¼ 58 - 5S 60 - 60 70 - 70 75 - 80 70 - 70 75 - 80 Kan. City Mem.Blrn,,Income ... .......... ti 18 - 19 18 - 20 20 - 28¼ 20 - 28 23 - 26 25!1:(- 30½ 28 - 80 29 - 85 29 - 82 26 - 28 25½- 28 27½· 28 General mortaaae ... 4 67¼- 68 66 - 67'¼ 67 - 68 65½- 69 67 - 70¼ 71 - 71¼ 71 - 72 73 - 76 76 - 76¼ 74 - 76¾ 71 - 71 78 - 75 Equipment, 1903 .... 6 .... - ........ 70 - 70 K. C. &M. Ry.& B'g-e.:) 99¾- 99¼ .... 90 - 90 - •••••••• - .... 100 -100 100 -100 100 -100 100 -100 100 -100½ 100¼-100¼ K.C.St.Jo.&C.B,-l8t.7 118'¼-11&,4119 -119 121 -122 121 -121 - .... 120¼-120¾ 121¼-121¼ 121~-121½ 120¼-121¼ 120 -12()J,ji 120 -120 ..•. - •.. . Kan. c • .Ft. S. & Mem.6 79 - 81 79 - 80 79¾- 82 79¼- 80 77½- S5¼ 85¼- 94'¼ 92¼- 98¾ 92!1(- 99!1( 99 -100 98 - 99¾ 96 - 98¼ 98¼-108 Kan. C • .Ft. S. & G ..... '7 106¼-106¼ .... - .. •. 109½-110 . ... - .... 107'¼-107],4 108 -110¼ 110¼-,lll 115 -115 115 -116 114¼-114¼ 114½-114½ 115 -115 Lam8on Coo. St. Ser .. 6 .... - ........ - ........ - .. ...... 100 -100 100 -100 100 -100 100 -100 100 -100 101 -101¼ Little Rock & Ft. S .... 7 75'¼- 75¼ 85 - 85 89:J:t- 89¾ .... - .... 76 - 77 90 - 90 90 - 90 94 - 94 95 - 95 92¼- 94¼ .... - .... 94 - 94 Lou.Ev. & St. L.Con8.97¼- 97½ 100 -100 • • .. - .... 102 -102 102 -102 l8tL.ll:.& 8.L.19~6.6 100¾-100½ 100 -100¼ .. - .... 100½-100¾ .... 98 - 98 - .... 135 -185 Maine Central, 1912.'1 .... - ........ - ........ - .... • .. Mexican Central1911 ...................... 4 65'¼- 6914 67 - 69 66¼- 68 66'¼- 68 66¾- 67!'4 es - 71½ 67¼- 11 62 - 67½ 68 - 66¼ 62½- 64 62 - 64 64 - 65¼ let con. Inc., 1939 . .. 3 15 - 19¼ 17¼- 1ll 17½- 18 15¼- 17 16 - 17Jc 17 - 22¼ 20 - 21½ 15 - 15¾ lo¼- 17 15½- 16 14¼- 15¼ llS½- 16 ~d con. Inc., 1939 .... 3 7 - 8¾ 8 - 8 7¼- 7¾ 6½- 7 4¼- 5 5¾- 6 7 - 7¼ 7~- 9 8 - 8'¼ 4¾- 5¾ 5¼- 6½ . . . . New .Ena-. Telea-raph191ti ..................... ~ 105¾-106 .... - .. . . . .. . - ... 105!1(-105¾ .. • • - • . .. . • .. - •... 110 -110 1908 ......... ... ........ 6 109 -109 110 -110 . ... 110 -110 110 -110 100¾-1~ . . • . - .... 109 -109 1103,:(-11()¼ .. .. 1907 .................. .... 6 . . . - .... 110 -110 - .... 109 -109¼ .. .. - . . . lO!l¼-1093,( 109 -109 110 -110 110 -110 110 -110 110¾-110'¼ . . .. 1906..................... . 6 .. . - . .. . .. .. .. 108¼-108¼ 108¼-1"8¼ . . . . - .. .. • . .. - .... 108 -108 1903 ...................... 6 .... - ... 105 -105 1900 ............ . ...... .. . 6 108!1(-103!1( .•.• - .... 10.i -104¼ 102½-104½ 102½-103 108 -108%. - .... 103 -108 102½-102½ • .. • - .... 102½-102¼ 1899 ... ....... . ....... .... ti 102½-102½, .... - .... 103 -103 .•.. - ..... ... - ........ - .. . , ... . New Ena-land-Con .... ti .... - ........ - ........ - ........ - ........ - .. .. 125 -125 New York & .N. Ena-.l8t. 190l5 ............... 6 112 -113'¼ 113%-118'¼ 113½-118½ 112½-118¼ 112¾-118¾ 118}-,!-114 118½-113!1,( 118¼-113¾ 112¾-112¼ 112 - 112~ 112¼-112¼ 112¼-114 l8t, 190ti ................ '7 118 -120 119½-120 119½-120¾ 119!1(-120 119¼-119¼ 120 -120 119¾-120 120 -120 118¼-119 118 -118¼ 118 -119¾ 118¾-12(} Oa-den8b. & L. Champ.Con., 1920 ........... . 6 .... - ........ - .. . 79 - 81¼ ...• - .... 82 - 82 83 - 83 86 - 86 - . .• . 94 - 94 93 - 94 91 - 91 92¼- 93 Con. tr. rec., 1920 ... ti .... - ... . 75¼- 82 79 - 83 82 - 88½ 82 - 82 82 - 8'i½ 86 - 86 86 - 95 92 - 95 94 - 94 .... - • .. • 92¾- 980tt. Osw. & F. R ....... 8 .... - .... 110'¼-110'¼ 111 -111 .... Republican Valley ..... 6 ... - .... 107 -107 Rutland2d mort., equlpm't.... ti 95 - 95],4 97 - 98½ 98 - 98¼ 98 - 98¼ .... - .. .. 98¾- 98½ 98¼- 98½ 99 - 99 99¼- 99¾ 99¼- 99½ 98 - 98 99!1(- 99!1( ht mort .......... ... .... 6 108 -105¼ 105 -105 105¼-105½ 105¼-105¼ 105 -105 105¼-106 105¼-106 106 -lOd 106 -106 .. .. - .. .. 104 -104~ lOi½-106 Summit Br'cb, 1904 .. 1 ... - ........ - . .. . 50¼- 50½ • • • • Union Paclflcl ■ t, 1896 ................ 6 ... .... 101¾-to8¼ .... lBt, 189'1, tr. rec ..... 6 .... ... 108¼-103¼ .... ht, 1~98 ...... ........ . 6 .. 104 -104 .... - ........ - ... t105 -105'¼ 101'¼-101'¼ .... - .... 117 -117 lll¼-1113,( .... Sink. fund, 3d M ..... t; 85 - 85 ..•. - •..... . • - ........ - ........ - ........ - ........ 3-year col. tr.notes.ti 100 -100 100'¼-100% 100,4-101¾ .... - .... 1013,:(-101¼ . ... - ........ - ... . .... Un.Elec. Sec., 9th Ber.ti .... - ........ - ........ - ........ - . . ...... - . . .. 92¼- 92½ .... - ........ - ........ Weet End ................. ti 103!1(-104¾ 104'),(-104J,( 104,4-105½ 104¼-104'¼ 104¼-104,t lOi¾-105 105}4-106 105¼-105~ 105¼-105¾ 105 -106 105¼-105¼ 105¼-105~ Reg-lBtered .... ....... . ~ 104¾-104¾ ..•. - ........ - ........ - •• .. 108¼-108¼ .... - ........ - .... ... - ... .. ... - ........ 1914 .......... .... ..... 4½ 104¼-104¾ 104¾-104¼ 105 -105:14 104¼-105½ 105¼-105½ 105¾-106½ l06'¼-107½ 107 -107¼ 107 -107¼ 107¼-107½ 107 -107¼ 108 -108 1916, a-old .............. 4 .... - .... 100 -100 99'7kl00 98¾-100 99¼- 99U 99'¼-101¾ 101¾-102 101¾-102 101~-102 101¾--102 101¾-102¼ 108 -104 1917 • a-old .............. 4 .... - .. .. 99¾-100 99'¼-100 .•.• - ........ - .... l()()¼-101½ 101:14-102 - .... 101'¼-102 .... - .... 102¼-102½ 102~-108¼ WlaconBln Centrall8t . ........... ............ ti .... - .... 88½- 89¼ 86 - 4'0 30½· 84 28¾- 80 .•.. - .... 88 - 84 84 - 40 87 - 89 S2½- S7 38¼- 84 82¼- 34½ 85 - 35 84 - 34¼ Tru8t receipt8....... 38 - 89½ . .. • S9¼- 89¼ . • • . - . . • . 81¾- 81¾ 83 - 33 37¼- 87¼ Income, 193'1 . ... ..... ti 6 - 6 .. . . 5¼- 6 . . . . 6¼- 9¾ 5 - 7 4 - 6 5 - 5 8 - 4 Improvement... ...... ;) .. .. 26 - 26¾ 28 - 28~ WIBcon. Vnlley. lflt 1 . .. . .. 12!1½-123¼ 123~-123ll( .... t Trust receipts. BOSTON STOCKS IN 1897. STOC.IUil. JUNJC. JANUARY FEBR'RY. MA.ROH, APRIL. MAY. JULY. AUGUST. SEPT'BEB. OCTOBER. Nov'BEB. DEO'BER. --Prku f)ef' sha!re, not per cent. Par. Low.High Low.High Low.High Low.High Low.High Low.High Low.High Low. High Low .High Low.High Low.High Low.High ---- - - --- --- - - - - - - - - -- - - - - - - - - - - ---Atlantic & PacUlc .. 100 l8c.-87½c 15c.- 15c. .... - .... .... - .... .... - .... .... - .... ~- ¼ 21'¼c.- 1 ¼- ¼••·· - .... .... - .... .... - .... 14 - 15¼ .... - .. . .... - . ... .... - .... ... - .... .... - .... .... - . ... .... - ... .... - .... .... - .... .... - .... Atch. T.&Santa Fe.100 18¾- 15 14" - 16 New common ...... 100 ... . - . . 11¾- 12¼ 9!1(- 12¾ 9¾- 10'¼ 10 - 10¼ 11¼- 13 12 - H¼ B0111ton & A lbn.nv . .. . 1 00 209 -210 200¾-211 212 -217 211¾-215 210 -214-Y 211 -2181,( 212 -2H 212l}a-220 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 14¾- 16'¼ 18¼- 16 12¼- 13½ 12¼- 13'7..,& 216 -220 216 -219¾ 217 -219¼ 216 -219 BOSTO ' .116 STOOKS-PHILADELPHIA BO DS . BOSTON STOCKS IN 1897-00NCLUDED. STOCKS. JANUARY FEBR'RY. MARcH. APRIL. MAY. JUNE. JULY. AUGUST. SEPT'BER. OCTOBER. NOV'BER. DEC'BER. Pnceapwshare,notpercent. - - - - - - - - - - - - - - - - - - - - - - - - --- Par. Low.High Low.High Low.High Low.High Low.High Low.High Low.High Low.High Low.High Low.High Low.High Low.High - - - - - - - - - - -1- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -1- - - -1----- - - Boston & Lowell .... 100 205 -209 209¾-210 211 -213~ 212 -2U 212 -213!4 209 -213¼ 212½-2U 214 -215½ 216 -216 216 -216 216!4-216¼1 2U -220 Boston & Maine ..... 100 162 -166 159¾-162½ 160 -165 160!4-163½ 157¾-160¾ 157 -161 159 -161 160 -165 163¼-170 162 -168 165 -170 166¼-169 Pref ......... . ..... . ... 100 153 -154 151¾-154¼ 158 -155 153 -154 ...• - .•.. 154 -157 lM½-155 154 -154 154½ ·lM¾ .... - .... 156 -157 157 -158 Bost. & Provtdence.100 261 -263 262 -262 263 -265 265 -266 2M -266 261 -266 265 -265 265 -265 265 -265 265 -265 266 -267 268 -268 Bost.Rev.B.&L .. 100 85 -35 40 -45 40 -40!4 ..•. - ....... - .... .... - •••..... - ... . 40½-40½ .... - ......•. - .....•.. - ... . . . •• - .•.. <lentJ'al MaH ......... 100 10¼- 11 10 - 10¾ 9¼- 10¾ 9 - 9¼ 9¾- 9¾ 9 - 9¾ 9¾- 9¾ 11¾- 12¾ 11¾- 12~ 10 - 11 8¾- 9 9 - 9 Pref .................... 100 57 - 57!'4 ..•• - ••.• 56 - 58 56¾- 57 . •. . - •.•. 56 - 56¾ 56 - 56 56 - 62¼ 61 - 61½ .... - .... 56 - 56 54 - 55 <Jhlc. Burl. & Quin.100 69¾- 76¾ 73¾- 75" 69¾- 78¾ 70¾- 73¾ 72 - 76¾ 77¼- ~¾ 82 - 89¾ 87¾- 99 96 -102¼ 01¾- 99¼ 90¼- 96¾ 9i%-100¾ <!hicago June. R'y .. 100 100¾-103 102 -103 103 -106¾ .... - .... 100 -103 102¾-106¾ 103 -104¾ 103½-108½ 108¼-114¾ 108¾-110 107 -109¾ 106 -111 Pref.... . .............. 100 104 -107 105:J,(-107 106¾-109 105 -107 104 -106 105¼-107 107 -108 107 -109 108¾-lll 108 -110½ 109 -110 109 -111¾ Chic. & West Mlch .. 100 5 - 5 .... - . .. . 6 - 6 6 - 7 5 -5 1; 6 6¾- 6¾ 8 - 8 9¼- 16:J,( 10 - 12½ .• .. - . .. . 10 - 14 12 - 12 ,Clev. Can. & So ..... 100 .... - ... .... . - ........ - ........ - ...... .. - ........ - .... .. .. - . . .. lOc.- 10c..... - .......• - •....... - ........ - •••. • Pref ... ............. .. 100 25c.- 50c lOc.- 10c 25c.- 25c. toe.- 10c. 25c.- 25c. 25c. - 25c. 25c.- 25c. 50c.- 1\14 1 - 1½ 1 - l¼ 75c.- 75c ..... - ... ,Concord & MontrealClass 1 ... ........ . .. . 100163 -168 .... - •... 169 -16» ...• - •••..... - ........ - . .. . . . - ........ - . .. . ... - ........ - •....... - •......• - ..• Class 2 .............. 100 .... - ........ - .... 167 -167 .. .. - .. .. .. .. - ........ - .... 172 -172 .... - ... . .... - •... .. .. - ... . .... - ... .. .•. - .. . Class 3 ... .......... .. 100 165¾-165¼ 169½-169¼ .. - .. ..... . - .•.. ... . - ........ - . . .....• - . .. . .... - ........ - •.•..... - •......• - ........ - ... . Class 4 .............. 100 168 -170 172 -174 .... - ... . 171¾-171¾ .... - ........ - .... 172 -174 ...• - .. ..... - ••.. 175 -175 178¾-174¾ 173 -178 Conn.& Pa88umpsic100 144¾-146 145 -147 147 -147¾ 147 -148 146¼-147¾ 148 -150 148¾-149¾ 147½-148¾ . • - ••.. HS -150 148 -150 150 -150 <lonnectlcut Rlver .. 100 250 -250 .... - .... 250 -250 248 -2~ 251 -252!4 ... . - ... . 250 -250 260 -260 .•.. - •••• 260 -260 257 -257 256 -256 Det. Gr.Rap. & W .100 ... . - ........ - ...... . . - . . ...... - ........ - . .... . .. - . . . . 2¾- 2½ . ..• - . . . . 9 - 9¼ 7 - 7 .... - ..• . ..• - •.. Pref..... . ..... .. .. 100 .... - ....... - . .. 11 - 11½ 9 - 12 9½- 10 10 - 17 16¾- 17 17 - 17 20¾- 29¼ 25 - 27 25 - 25 24¾- 25¾ Eastern cN. H.) ...... 100 .... - .... 90 - ·go .... - .... .. .. - ... . .... - .... .. .. - . . . . .... - ........ - ...•.•. - •... 88 - 90 88 - 88 .... - .•. Fitchburg ............. 100 18 - 18 18 - 18 .... - .... 17¾- 17¾ .... - .... 18 - 18 . . •. 18!4- 18¼ 18 - 18 . ... - .... 17½- 18 18 - 19 Pref . ..... ..... .... . . 10 0 91 - 92}4 91¾ • 92 91½- 94¾ 92 - 93 92 - 94¼ 93 - 95 89½- 92¾ 91 - 93¼ 93 - 95¾ 94c - 95¼ 94 - 96 95½ 10011( Fllnt&P.Marq . ... 100 ... . - ....... . - ........ - .... . .. - .. ...... - ........ - ....... - . .. 10 -14 18¾-13¾ 18¾-13% .. .. - .... 13 -13!,.( t•ref...... ... ....... ... 100 29¾- 31¾ so - 30 30¾- 35 30 - 30 20¾- 25 23 - 27 24 - 32 31¼- 39½ 89½- 45 40¾- 47 37 - 42 41 - 43!4 K. C. Ft."'• & M. .... 100 .... - ........ - ... . 5 - 5 .... - . . . ... - ........ - ... 11 - 12 17 - 17½ 17¾- 17¾ 16 - 16 •.. - ........ - .. . Pref................. 100 J. ... - ...... .. - ....... - ........ - ....... - ....... - ........ - .... 43 - 47¼ 54 - 57 55 - M .... - ....... - .. . K. C. ll'lem. & Bir . . 100 ... . - .. ..... - ... . l x_- 1)4 .... - ........ - . ... 4 - 4 4½- 6 6 - 6 8 - 8 .... - ....•.•. - ....... - •.. Lowell & Andover ...... .. .. - ........ - ... . .... - ........ - . . . . ... - . . . . . . - .... 201 -201 . . .. - .. ...... - . . .. .. - . . . • ••. .... - .. . Maine Central.. ..... ] 00 127¾-129 118 -127¼ 118 -125 120 -122 121 -122 122¾-125 122 -124 120 -126 125 -127 125 -130 128 -129 127 -130 Mexican Central. ... 100 7½- 9¾ 8¾- 9 8 - 9¾ 7¾- 8¼ 7¾- 8 8 - 9½ 7¾- 9 5 - 7¾ 6 - 7¼ 5'.U- 6 5¼- 5½ 5¾- 6¾ Nashua & Lowell..100 .... - .... 225 -225 .... - ••.. 225 -225 ... . - ........ - ... .. ... - ... . - ... . ... - ........ - ......•• - •. . ....• - ... . NewEna-land ........ 100 37¾- 37½ •... - •.. ••• .. - .... 18 - 18 . ... - ... . .... - ... . 80 - 30 25 - 35 30 - 40 26 - 26 .... - ..• . •... - .•• Pref........ . ..... . 100 60 - 61¾ 57 - 60 59 - 60 57 - 58 57 - 57½ 58 - 74 67 - 71 66 - 89 85 - 90 80 - 81 80 - 82½ 77 - 80¾ New Ena-I'd St. R'y .. 2~ . . . - .. . ... - ........ - ........ - ,. . . . . . - ....... .... - .... 11 - 14 14 - 14 .... - . ••.•.• - ....•.•. - ..•• N. Y. N. H. & Ha1•t.l 00 174 -178 163 -175¾ 170 -175¾ 170 -17211( 165 -170 1167 -174¾ 173 -175¾ 175½-180 178¾-187½ 179!4-lM 178 -181 181 -185 Northern, N. H ....... 100 154½-155 155 -155½ 157¾-158 155 -157 156 -157 153 -157¾ 153¾-154 153¾-lM¾ 155 -156 157 -157 .... - .....•.• - ••. No. !Sh·. Tract'n. pf.100 76 - 76 •. .. - ..•..... - ......•. - .•..•. . - ..... .. - ........ .... - ........ - ....•••. - •• . - .. . Norwich & Worces.100 .... - .... 193!1(-lll3JJ4 .... - ... ..... - .... ... . - .... ... . - ....•.•. - •....... - .... 199 -199 •••• - .... 200 -201 200¾-200¾ Old Colony ............ 100 176¾-177¾ 176¼-179 177¾-180 177¼-179 176¾-179 176¾-178¼ 177¼-181¼ 181 -185¾ 183 -185).d lM -185 181 -184 1~ -187½ Phil. Wilm. & Balt .. ~·o ... - ........ - ... 59¼- 59¼ 64¾- 6!¾ . •.. •.... - .... 63¾- 63¾ .... - ... .•.•. - ........ - •.•..••. - .•.••.•• - ••. Portl. Saco & Ports.100 145½-146 145 -146 147 -148 U7 -147 146 -147 151 -151 .... •. 150 -150 . . .. - .... 150 -150 150 -150 150 -150½ Quincy Brida-e ..... . 100 165 -165 159¼-159¾ .... - ........ - ........ - ........ - ........ - ........ - ... . 160 -160 ...• - ........ - .••.•••• - .. . Rutland ........... . .. 100 ... . - ........ - ........ - ...... . - .. . .... . - ........ - ....... - .... 2 - 2 .... - .. .. ... - ... .•. •• - .•.. 20c.- 20c Pref .. ......... . . .. . 100 20 - 20 .... - ........ - . . ..... . - ........ - ........ - . ..... - .• . .... - ........ - •.. . .... - ••...• . 25 - 25 South. Cal. pref.. . ... ... . ... - ... . .... - ........ - . .. .. .. - . . .. . .. - .. . 4 - 4 4 - 4 .... - .......• - .•. . 5 - 6 ..•. - .. . . • - .. . ~ummlt Branch ...... ~O 1½- l!l( 1½- 1¼ 1 - 1 25c.- 50c. lOc.- 40c. 15c.- 30c. 6c. - 10c..• .. - ........ - .....••. - .....••. - ... . .•.. - .. . (Jnlon Pacific ......... 100 6½- 9 6¾- 7916 5¼- 7% 5 - 6 5½- 7¾ 5¾- 8 5%-8-316 7¾-+18¼ t16%-t24% t20¾-i27¾ i18¼-i24¼ §24 -§26¼ U. P. Den. & Gult ... 100 .... - ........ - .... 1½- 2 l¾- 1¼ 1¾- 1¾ 1%- 1¾ 2 - 2 !l¾- 7¼ 5¾- 11¾ 7%- 10¾ 7 - 8 7¾- 8 Vermont & Mass .... 100 152 -152 153¾-155¾ ..•. - ........ - ... . 153 -15i 154 -155~ 156 -157 ... . - .... 155 -155 156 -156 .•.. .... - .. . West End ... ....... .. ~O 65 - 65½ 64¾- 71 70 - 75 70:$4- 72½ 72 - 78¾ 77¾- 85 84¾- 93½ 92¾- 96¾ 94¾-100½ 91 - 95¾ 78¼- 96 81½- 88 Rights .................... . .... - ... . .... - ....... . - . . .. - ..... . . . - .. . . .. . - . ....... - ........ - ........ - ..... ... - .. ...... - .... 42¾c- 4¾ Pref ..... ...... .. . .... ~O 85¾- 90 89¼- 92 90¾- 92¼ 91 - 95 92 - 9! 03 - 95½ 94½-100 99¾-101½ 100¾-104 100 -101½ 99 -101¾ 100 -104 Wisconsin Central..100 2 - 2¾ 2 - 2 1%- 2¼ 1 - 1% 75c.- 1 1 - 2 1½- 2 1%- 4 2¾- 3¼ 2 - 3 2 - 2 1 - 2 Pret ................... 100 .... - . ... .... - ........ - .... . . - .... .. .. - . .... ... - .. .. 2~- 211( 3¾- 8 6 - 7¼ 6¾- 6¾ 2 - 2 3 - 3 Wor.Nash.& Roch.100 119 -119 ...• - .... 120 -120 119½-121 .... - .... 121½·121½ 120 -120 .... - ... . 118 -122 .... - .... 122½-122½ 122½-122½ MISCELLANEOUS. Am. Bell Teleph .... 100 205¾-213 212 -227 222 -227½ 217 -217 221½-286 Dominion Coal. ... . . 1 00 7¼- 10¾ 8¾- 9¾ 6¾- 8½ 7¾- 10¾ 9½- 10¾ Pref.... .... ... ... . .. 100 84 - 85 82 - 83½ 77 - 85 79 - Si¼ 81 86 E1·ie Telep II one.. . .1 00 6i¾- 67 M¾- 67¾ 6811(- 67 68¾- 64½ M - 66 General Klectric ... 100 32¾- 35¾ 38½- 36¼ 30¾- 35% 30¾- 32 2811(- 32 Pref ....... . .... ....... 100 74 - 78 73¾- 78 78 - 77 71¼- 71½ 66 - 70 Illinois Steel.. ...... 100 31 - ,12 29 - 38 32¾- 37½ 29½- 35 32 - 35½ Lawson St.,re Serv:.2~ 21 - 23 22 - 23¾ 21 - 22 21 - 22 19¾- 21 N. Ena-. Teleph'ne . . 100 101¾-103 101¾-103 101½-103 101 -102 102 -107½ Reece Buttonhole .. .. 10 20¾- 21 20½- 21 20ll(- 21 20 - 21 19:J,(- 20¼ United !'litate" OU .. .. ~ii 16 - 17 16¾- 18¼ 15 - 19 10¾- 17 9 - 12 Weittlna-. El. & ll'Ifa .. :10 23½- 25 24 - 25J.( 24 - 24 22¼- 22½ 21 - 22 Pret. .. .... . .... iiO 50¼- 51¼ 50 - 5~ 50 - 52 50 - 51 50 - 51 t 1st rnstallment paid. i td mstallment i,aid. § All installments paid. 228¾-234 10 - 11¼ 84 - 90 64½- 6511( 31¼- 35 70 - 77 33¾- 38½ 14¾- 20 104¼-105½ 19½- 20 10%- 16 20¾- 22¾ 50 - 50¾ 225 · -230 911(- 12 82¾- 85 64½- 67¼ 33¾- 36 74 - 78 3!l - 37 16½- 18 105 -125 16¾- 18½ 13%- 16 20 - 22 49¼- 50¼ 230 -244 243½-285 251 -269 12 - 20½ 19 - 25½ 20¾- 24% SS½-110 107 -109¾ 100 -107¾ 65 - 67¾ 66¾- 77 68 - 73 35¾- 38¾ 36¾- 41 32¾- 37% 76 - 82 81 - 90 82 - 86 36¾- 50!4 45 - 50 42 - 48½ 18 - 20% 19¾- 21 19 - 21 117 -125 120 -135 121lll(-130 15½- 18¼ 17¾- 19¾ 16¾- 17¾ 1111(- 14 12'4:- 14¼ 13¼- 13¾ 20½- 27 24 - 26 21 - 2'1 50 - 56¾ 54 - 55¾ 50 - 54 PHILADELPHIA BONDS IN 1897. 250 -265 257 -268 21 - 24½ 23 - 27¾ 104 -108½ 106 -112¾ 69 - 71 70 - 72~ 30¾- 33½ 32¾- 34¾ 80 - 82 82 - 85 37 - 43½ 41¾- 49 20 - 22¾ 20 - 23 125 -129 125 -128 16¾- 17¾ 16¾- 17 12¾- 13¾ 12~- 18¾ 20¾- 21½ 20 - 20¾ 51 - 52 51 - 52 _______ ---- ----- ------------------------------------------..,._ BONDS. RAILROAD. Allegheny ValleyE1l8t'n Exten. 1910 .. 1 General. 1942 ....... . 4 Bait. & Pot., M. L ... 6 Bell's Gap-Cons.,' 13.6 BelTldere Del.Consol, 1921' ... ...... .. 4 18lt 1902... , . ••• ... . fi Buff'aloCity .Pass'ger.~ Camb. & Clearf.-lst.&i -Camden & Atl., 2d .... 6 CatawiHa-Mort .. ... . , 1st, 1902..... ........ 6 Chartiers-1st ......... . ,. Ch. Oklah. & G. -P1· .. 6 General, 1919 ........ :) Cin. Ports. &Va., lsr.&i Citizens' Pass., Inds .. ~ ~~~~:~i!:: ~~!i;.:~·d:~ JANUARY FEBR1BY. MA.ROH. APRIL. MAY JUNlll, AUGUST. 8EPT'BER. 00TOBER. NOV'BER. 011:C'BER. ----1----11---- - - - - - - - - - - - - - - - - -----1----1----Low.High Low.High Low.High Low.Hii;t'h Low.High Low.High Low.High Low.High Low.High Low.High Low.High Low.High ------ - - - - - - - ---- ------- - - - ___ 128 -128 ,. - .... 130 -180 .... .... - ••.. 101 -101 .. .. - .... 102 -102 .. .. . ... - .... •. • . . .. .... .... .... .... .... - . ... 101 -101 - .... - .... 108J.(-1~ - ... . ... - .... - ........ - .... - .... 113 -113 102¾-102½ 105 -105 101 -101 I.... - .... - .... 130 -130 182¾-132¾ 131½ 131¾ .•.. .... - . . . , 99¾- 99¾ .•.. - .... 126 -126 . ..• - •.• .••• 105 -105 ..•. - •.•..... - •....... ... . I 107 -108 .... - .... 109 -109 .... - .... - .... 100 -100 lOOJ,4-100¼ 100¾-100~ - .... 105¼-105¼ .••• - ........ 108¼-109 109 -109 109 -109 .... - ...•.. .• - ....... . .... - .... 112¾-113 113¾-118¾ ...• 110 -110 110 -110 109¾-110 *106¼-107 109 -109 109 -110 71¾- 77 7511(- 79¾ 77 - 81¾ 77¾- 79 78 - 80 80 - 81¾ .... - . .. ... . - ........ - ........ - ........ - .... 100¾-100¼ 74' - 78¾ 77 - 77 75 - 75 68 - 69 72¾- 75 68 - 69 •112¾-113 - .... 111¼-111311 Ll0¾-111 .... - .... 105 -108 1···· - ........ - 1 1st mort., 1934 . ...4¾ 60 - 62 60 - 61½ 61½- 61¼ .... - .... 52¾- 52½ 52¾- 58 f1nnoectlnll.. ..... R . 114 - 117 110 -110 * Ex-intere~t. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis JULY. 111 -111 111 -111 108¼-108½ 109,{-109¾ .•• . .. :. - •... 97¾- 97¾ .••• - - .... 106¼-106J.( . . . . - .•.. 112¾-112¾ .... .... - .... 109 -109 *79½- 83¾ 83 - 92¾ &¾- 93 •••• - ....•... - •....... 69 - 76 74¾- 74¾ 70 - 75 *105 -105 102 -102 100 -100 4.8 - 53 54 - 55 - ••.. 100 -100 - •... 104 -1~ - .•.. 108%-109 . . • . - - .... 111 -111 106%-107¼ 108 -108 86¾- 8711( 86¾- 89 112 -112 109 -110 89 - 93½ 7811(- 74 105 -105 73¾- 75¼ 107~-110~ 60 - 60 1141.;( .1141..4 70 - 70 106 -106 PHILADELPHIA BONDS. PHILADEPHIA BONDS IN BONDS. JANUARY FEBR'RY. MARCH. APRIL. MAY. 117" 1897-CONTINU ED. JUNE. JULY. AUGUST. 81!:PT'BER. OCTOBER. NOV'BER. DEC'BER. - - - - - - - - - - - - - - - - - - - - - - - ---- ---- - - - - - - - - - -Low.Hlll'h Low.Rlll'h Low.High Low.High Low.High Low.High Low.tflgh Low.High Low.High Low.High Low.High Low.High - - - - - - - - - - - ---- ---- - - - ---- - - - - - - - - ·- - - - - - - - Cons. Trac. ot N. J . .. . fi 83 - 89¾ 89¾- 00¾ 89¾- 90 89¾- 00 89½- 91" *88¾- 92 92 - 93}.( 93 - 95 94c¾- 98 9~- 97¾ 96¼- 97¾ •96¾- 99~ Dayton Passenger .. . .. fi 90 - 95 · ··· - •·· · 90 - 95 . . .. - .. •..... - .. . . ... - ..•. .••• - .... . ... Del.& Bound Bk.-1st.'7 123¾-125¾ ··· • - ···· · ··· - · · ·· · ·· - ··• · 122¼-122¾ 1237,(-123¾ ...• - .•... •. • - .... 122¼-122¼ .... - .... 1~½-12!l¾ ... - ... . Duquesne Traction .... (i 102\14-102¾ 103½-lO!l 1~ -lO!l¾ lO!l¼-105 106 -106 106½-l~ 105¼-105¾ . .. Easton & Amboy .... . ... ~ 106½-109 lOi½-109 105½-105½ lO!l¼-106 105¾-105!1:( 105½-105¾ 105¼-107½ 107 -107¾ 107½-107¼ 107½-107½ •100 -106 107¼,-108 Edison "Elec. Lidll,; .. .. . ~ 95¾-100½ 100¾-103¾ 102 -103¾ 102¾-103¾ 108 -103 102¾-102¼ 101¾-102½ 102 -102¾ •101½-lO!l 101!1:(-103½ 103¾-lO!l 105 -106 El. & Peo. Tr.-1Pr.rc. 4 70 - 75 7!l¾- 76 •71¾- 76 68¾- 72¾ 68½- 70¼ 69 - 72 71¾- 73¾ 72¼- 7!l¼ *70¾- 72 70¾- 72 70½- 73½ 73¾ · 78¾ Elmira & Williamsp,- .... 123 - 123 - ..• . 119¾-119¾ 120 -120 119% -119¾ .•.. lst, 1910 ..... . ... . .... . . 6 *118 -119 - . . .. 106 -106 ... . - .. . . 106 -106 . •.. Incomes, 286~ ....... . ~ · · · · - .... 115¾-115¾ ~15¾ -115¼ Hestonv. Pass.-Cons.fi 112¾-112½ 113½-:i.15 115 -115¼ . . . . - . . . . . . . . - ... 115 -115 - •.•. 109¾-109¾ . . . . - .... 110½-110½. . . . .... 107¾-107¾ . ... 2d, t 90~ . . .......... . ... 6 110 -110 . . . . - .... •rns!l:(-05¾ 101 -101 H.& B.T.-Con.,192:i.fi 106¾-107 107 -107 .. .. - . . . . lO!l½-105½ lO!l½ lO!l½ . . . . - . . .. 105 -105 ~ 107)4-107¾ .... - . . .. . . . . - . . .. 107¼-107¼ . ..• Junction 2d, 1900 . . . . . 6 ···· 70 - 70 69!14:- 70¾ 70¾- 80 78 - 80 79¼- 82½ 78 - 80 79¾- 83¾ 78¾ - 82¾, K. C. Pittsb. & Gult .. :i 6!l - 6\l 70 - 70 69 - 70 65 - 70 - ... . 101½-101½ . ... - ....... - ... . 105 -108 108 -108 . ... - . ... 105 - 106 102¾- 102¾ K.C.!!!,ub. Belt,-1920.6 ···· 95 - 95 Lehigh ValleyConsol. . ........... .. . 4½ 99 -100 98 -102 99 - 99 98 - 98 98 - 98 98½- 99 98½- 99¾ . ..• - .... 102 - 102¼ . ... - .... 100 -100 Rerdstered .... ......... 100 -100 99 - 99 96¾- 96½! 96 - 98 00 - 99¾ 100 -100 - .... 102 -102 101¾-101¼ 100¾-101¼ 1st, coupon, 189~ .... ti 10$¾-lO!l¾ 105 -105 105¾-105¾ 105¾-105¾ 106½-106½ 103¾-103¾ 103¾ -103~ 103¾-103¾ lO!l -lO!l 10! -lO!l lO!l -lO!l½ 102¾-102¼ ht, rea-,, 1898 .. ...... 6 103¼-lO!l lO!l¾-lO!l¾ lO!l½-105 105¾-106¼ 106 -106¾ 103¾-103¼ 103½-103¾ 103¾-103¾ 103¾-103¾ lO!l - lOi . .. - ... . 102¾-102% 2d, reg., 1910 . ......... 1130½-132 129 -129 130¾-131 130 -130½ .••. - .... 130½-130¼ 131¾-136 13!l -137 133 -13!l 134½-13!l½ 133 -133¼ 133¾ -133¾, Cons. M., reg., 1923 .. 6 114,¼-116¾ Ul½-112½ 113 -115 ll!l¾-116 ... - ........ - .. . . 115½-117 117¾-117¾ 117½-118¾ 119 -119¾ 117 -119 115 -116 Cons. M.,coup., 1923 6 117 - 117 112 -112 115 -115 - . ... 117 -117 .• •• - . . ...... - ... .. ... - ... . 117¾-118 . .. . - .... 118½-122 116 -116 Annuity ................. ti 123 -125 115 -1~ 121 -121 1.19 -120 *117 -120 117¼-121 121 -123 123½-125 12!l½-125 125 -125 •123 -125½ 123½- 123!4 Annuity ............... 4¾ 100 -100 100¾-100¾ ... . 98 - 118 .•. - .... 98 -100 .... - .... 101 -102¼ . - . . . . . .•. - .... 101¾-103 100 -100~ Leh. Val. Coal-1st .... fi *9!l¾- 96¾ 9!l - 96JJ 9!l - 9!l½ 92¼- 93!14 91¾- 93¼ 93½• 98 95 - 96 96 - 97 96 - 96¼ 95¾- 96½ 9!l¾- 95¼ 96 - 98¼ Leh. Val. Ry.-tst ... 4½ *98¼-101 00 -102 . . . . - ... . 93 - 96 93 - 95 96 - WJ,4 97¾-100¾ 99 -101 99 -100½ W½-102 100¼-103 .... - • .,_ Newark Po.ssenger .... (i ~O!l¼--06½ 106 -107 106¾-108¾ 107½-108 107¼-100¼ 110 -110 •07½-109¾ 109½-110 109 -109½ 100¾-lOll½ 109 -109¼ 109¾-111 N. y, Ph, & Nort.-1st.6 •101-102 102 -105½ 105¾-105½ lW½-lO!l¾ .... - . . . . 106 -108 - .•.. lO!l½-105 lO!l¼-105 106 -106 106 -106¾ 105 -106 Northern Central- . . .. 115 -115 Serles A . ............... (i •U3¾-l!l¼ ll!l -ll!l 114,¼-114,¼ . . . . - .. .. 116 -116 116 -116 2d, ~eries B ............ fi . . . . - .... 113¾-113!}.( . . . . - . . . . . . . - ... ... .. - .. . . 115 - 115 .... 1900 ..... ....... ......... 6 .. .. - .... 108¼-108¾ 10~-109¾ .••• - ... *107 -107¼ 107!'(-107¾ 108)4-108¾ . ... - •.•. 106 -107 Consol., 1900 ......... 6 •108¾-08¾ 107!1:(-107¾ 108 -108¾ •••. - .....•.• - .... 107½-l<IB . ... - .•.. 109¼-109'¼ . ... General. 192~ ...... 4¼ •··· - • •·· •··· - •· · · •· ·· Northern PaciflcGeneral, 1st ........... 6 113¾-113¾ .... - ........ - .... 120 -120 .. . . Consol tr. receipts ... (i 57¼- 57½ 57¼- 57¼ . .. . Prior lien .. . .. .......... 4 85½- 86¾ 87¼- 88 88¾- 88¾ 86¼- 86¾ 88¼- 88¼ 83¼- 90¾ ..• 00¾- 90¾ 92¾- 92¼ 00¾- 91 91¾- 91½ 93½- 95¾ General.. ............. a 53 - 53 M¾- 66 55 - 55½ 52'¼- 53¾ 51¾- 53¼ 5!1%- 56¾ 56¾- 56¾ 57¾- 57½ 60¼- 61¾ 59½- 59~ 58½- 58½ .... - •• •• North PennsylvaniaGen. mort., cp,,1903.1' .... - .... 120 -120 120 -120¾ 119¾-120 120¾-120¾ .. - . . 120 - 120 . . •. • ... 119 -119 .•. • - . .• 119¾-119½ ... - • . •• Gen.mort.,reir,,1903,'7 .... - . ... 121 -121 120¾-121 *118¾-18½ . • •• . .. . 120¼-120¾ . . •• - ••. . 119¾-119½ Debenture, 190;j ..... 6 .... - .... 113 -118 - . ... . .•• - .....•.. 1st, 1936 ....... . ....... 4 lll½-112 lll½-111½ .... - •... lll¼-111¾ .• •• Pa. & N. Y. CanalReg. & cp., 1906 .. .... '7 . . . . - .... 123 -123½ . . . • - •.•. 122¼-123¾ .. . . - .... 124 -lM 124 -12!l 1~ -12!l Consol., 1939 ..... .... . :i 107\14-108 105!}.(-107½ .•.. - ... . 100 -102 101!>.l-102 - .... 105 -105 105 -105 106 -106 - . . • . . . • • - . . • . 00¾- 90¼ 89¾- 89¾ . . . • 90 - 90 Consol., 1939 ......... 4 .... - •· •· .... - . .. . .... - . . • . .. . • - • . . . • • • - . • . . . . . . - ... . .. .. - • . . . 97 - 99½ 100 -100 Consol., 1939 ....... 4-½ .... - •··· .... - .... . . . . Penn11ylvanlaGen., coupon, 1910 .. ti •180 -131¾ 129¼-131 131 -132 131½-131½ ..•• - •.. . 132!1:(-132¾ 130 -130 130½-130'4 182 -132 131½-181¾ 132 -132 .•.. Gen., rear., 1910 ....... 6 181 -131 135 -135 . . . . • . - .... 133 -133 133 -133 . . . • - .... 138 -133 133 -133 130 -130½ . . • • - .. . . 131¾-131¼. Cone., coup., 190~ .... 6 118¼-119 .•.. - . .. . 119 -121 119½-120 .••• - .•• . 117 -119½ 118 -118¾ 119 -119 118¾-119¼ .•.. - •••. 119 -119 120 -120 Consol., reir., 190~ .. 6 118¾-118½ 118\14-119¾ 118!'(-119 - •... 119 -1111 . . .. - .... 118 -118 119 -119 116¾-118 . .•. - •...•••• Cons., re1r., 1919 ..... :i 120 -120 . ..• - .... 118¾-118¼ .... - ... . .... - .. . ..... - •....... - .•.. 122¼-122¾ •••• Cons., coup., 1919 ... (i .... - .. . . 122¼-122¾ 123 -123 ...• Trust bonds ......... 4½ 109 -110 110 -110 .... - .... ill -111 lll¾-112 109 - 109 110½-110¼ . • . . - •.•. 112¾-112¾ . . • . Pennsylvania C'o ....... 6 105 -105½ 105¾-105½ ... . - .. .. 105¾-105¾ ... . Coupon.... . ..... ... <I¼ 110 -110 110 -110 - •• . 112¾-112¾ .•.. Penn.&N. W.,1910 .. fi .... - .... 100 -100 95 - 95 Peoples' Pass.-Cons .. :J • • . • - . . . 107¾-110 1st ..... .... . .............. , .... - .... 120 -120 - ..•• 118 -111:, .... - ..•. 118 -118 .... 1st ........................ :) .... - . .. . 120¼-120¾ .... Stock tr. ctts., 1943.4 9!l¼- 98¾ 96¾- 97 00¼- 96'¼ 96¾- 97½ 97¾- 98¾ 98½-100 *98½-101 98 - 98!14 98 - 98¾ 97¾- 98¾ 98¾- 99¾ 99½-102¼, Perkiomen-1st 11ertes.fi *98 - 9S ..•. - . ... 99 - 99 ..•. - .••..... - . ... .... - . ......• - .... 101 -101 .... - ....•••• - ... . Phila. & Atlo.n. Clty .. fi lO!l -105¾ 105¼-106½ 106 -106¾ 110 -110 107½-107¼ 110 -110 111 -111 ••.• - .....••. - .... 106¾-107 107½·107½ Phil,& E,-Gen.,1920.~ 118¼,-119 118¼-119 117 -119¾ *116!4:-17½ .••• - .... 118¾-118¾ . ... - ..•• 119 -119 119¾-119¼ 116¾-117¾ 118¾-118½ 118¾-118½ Gen. mort., 1920 ..... 4 103¾-lO!l¾ lO!l¾-105 lO!l -105 ..• • - .. . . 105!}.(-106 106 -106 106 -106 107 -107 . .• - .. . . 106¾-106¾ 107¾-107¾ 107½-107¾ p~~~:•1~fo~~~.~-~~.... ti *12!l¼-U¾ .... - ..... . .. - .. •. •.. - ..... . .. - ..•. 1.... - ........ - ... . 1st series, stamped .. fi 101¼-lOa~ 102¼-lO!l½ .... 2d, 1933 ................ :i .... - ....... - . .. 123¼·124¾ ... • - . . . . 127¼-127¼ . . . • - . . . . 127 · 127 . . . . Consol., arold . . .... .. ... 6 120¼-121¼ 121 -121 121¾-121¼ 121¾-122 122¾-123~ . •.. - .•. 125 -125 *122)4-22~ Improvement .... .... . 6 103¾-103¾ lO!l -lO!l¾ lO!l¼-105¾ •101%--02¼ 101%-102¼ 102¾-102¾ • . • . - •... 103 -103 . . . . - •....••• Ext. imp., 194,-....... 4 . ... . . - ....... . - .... . ... - .... 101¾-101¾ 101½-:Wlxi 101½-103¾ 103¾-lO!l¾ 103)4-lO!l 101½-102¾ 102 -102¾ 101¼-102¾ Con., coup,, 1911 ..... 1' 129 -130 129¾-129¾ 129½-130¾ 130¾-132 132 -132 129 -130 130 -130 131½-132~ 132½-132¾ 132¾-133 . ••. - ••. . 130 -130¾ Cons., re1r,, 1911 ..... , 127 -129 129:J,(-130 129¾-129¾ 131 -131 131½-182 128 -128 130¾-130¾ 131\14-131¾ 131\14-131¾ 133 -133 .... - ••• *130 -131!14: Consol. ext., 193'7... 4 - ........ · .... 100½-101¼ 100¼-101¾ 101 -102 100½-101½ 101 -103¼ lO!l -105 102¾-102!14 101 -102!,4 101½-102¼ 102 -102!14: lat pret. tncomes ..... (i U6¾- 48¼ §!l!l - !l7 §!l!l - !l6 .•. 2d pref", lncomes ...... fi §S!l¼- S!l~ §31¼- 82 §30 - 32¾ .• •• 3d pref. Incomes ...... (i §32¾- 8!l¾ §30½- 82:Ja §28¼- 82¼ .... - ... . .••• Def. inc., J .P.M.ctfs.6 . . . - ........ - . . . . § !l¾- !l:J,( . . . - . ... . .•• Gen. M.,'fi8, 4, tr.rec 80 - 82 80¼- 82 80 - 82 80 - 80¾ •••• P.& R C. & 1,-Var ... 100¼-101¼ 99 -102¾ ... . - .... 100¾-100¾ •••. - . .. • 101 -101 . . •• 10-year, 1902, 11. t .. :) .... - . . ...... - . . .. 100%-100'¼ .••• - •••. 101¾-101¾ . ••• Ren.dinar Termlnal..:i 110¼-113½ lll¾-112'4 ll!l -ll!l - .•.. 114,¼-115¾ 115¾-116 116J,4-117 117 -119 118 -118½ 118 -118½ 117 -117¼ 117¼-119 Phil. Read. & N. E .. 4•:i 36 - 35 . •.. - . ... 3!l - 3!l 32 - 32 - . . .. 33 - 38 1942 ..................... 4 33 - 36 33 - 33 32 - 33 - .... 33¼- 33¼ 37 - 37 .... 30 - 30 - •.. . 32 - 32 Income, Series A.. . . . . . . . . - ........ - . . . . . . . . 10 - 10 Phlln.. Wilm, & Bait.Trust certificates ... .4 103¾-103½ 105¾-105¾ 105¾-106 106 -106¼ 106 -107¼ 105 -106¾ 106 - 107¾ 106½-107¾ 105¾-106 105¾-106½ 107 -108¾ 107 -109 Debenture,191,-..... 4 .... - ....... . - ........ - .... lO!l½-l~½lO!l¾-104,¾ .•.. - .. . 106¾-106¾ .•.• Debenture, 193~. . .. 4 .... - .... 103½-106 10!l!l4:-10!l¾ .•.. - •... 105¾-105% ... Debenture, 192~ .... 4 102¾-102¾ •••• - •.••.... - ........ - .. . 10!l¾-10!l% .... Plttsb. Cin. & St. L.Coupon ...... ............ ,- .... - .... 108¼-108¾ 108¼·109¾ •••• - ... 110¾-110¾ 110¾-ll~ .... - .... 108½-108¼ 108 -108 .••• - . ••. 109¾-109¾ 109~-lOO!Ji Rear., 1900 ..... ........ 1 .... - ........ - .... 109½-109½ ..•• - ..•• 11()!14:-110!14: 110¼-111 . . .. - . . .. 108¼-lOS¾ 108¾-108¾ .... - .... llO -llO Plttab.Sh. &L,E.,bt.:i .... - .... 100 -100 Port Readlnar, 1st ..... :) 100 -100 100¾-100¾ 100¾-100¼ . ••• - •••. lO!l -la!l¾ .••• - ••.•..•• Reading, 1991.......... 4 . ... - ........ - . . .. 79¼- ~ 80%- 81% 81½- S!l¾ 81¼- 83½ 83½- 86¾ Si½- 86~ 8!l - 85 82¾- ~ S!l¾- &% Readlnar Trn.ctlon .. . .. . 6 - .... 101 -101 . .• - •... 108¾-103¼ lO!l¾-lO!l¾ 105¾-105¾ .... Rochester Pa8•ensrer.~ 96 - 97 95 - 97~ IMM- 96 00 - 00 00 - 90 93¼- 93¾ 91 - 91~ 9fi - 971,o ~ All instalments paid. • Ex-interest. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis PHILADELPHIA 118 PHILADELPHIA BONDe, BO TOCK. BONDS IN 1897-CONCLUDED. IJ __ AN_u_A_R_Y_ I_F_E_B_R_'R_Y_. _MAR __ o_H_. _A_P_R_I_L.___M_A_Y__ • -1--J_u_N_E_._1._J_u_L_Y_. _A_u_G_UST. S_E_PT_'B_E_R._ OCTOBER. NOV'BER. DEO'.BER. Low.IDgh Low.High Low.H h Low.High Low.IDgh Low .High Low.IDgh LOw.Hlgh Low.High Low High Low.High Low.High -Schuylkill R. East S . . ~ Scranton Traction, .... 6 Sham. Sun. & L,-lat.:i Sham. Val. & Potts.- ..7 -Sodus Bay & So.-lat.~ &teab.& lnd.-lat, cp •• ~ 1!tanbury & Erle-lat .. 7 Sunb. Haz. & Wllkea.1928 .......... ............ ~ 2d, 1938 .... ........... . 6 -SusquQ)lanna Coal ... 6 Texas & PacificNew lat ................. ~ lat ........................ 6 New 2d mort., Inc .... ~ 13th & l~th !!§t, Pass . 7 Union Passenirer ...... -~ Union Term. 1st ... .... ~ United New JerseyGeneral, 1994 ....... 4 Waeh. & Colum,-lst.4 Wash. & GI. Ec.-lst .6 West Jerseylst, 1899 ............... 7 West. Pennaylvanla19'l8 ........... . .. ...... 4 ·West. N. Y, & Pa.1st ............. . .......... ~ General.. ............ 2-4 Income ... ........... .... ~ Wllmlngt. & North .... ~ CANAL. <::hesap,& Del.-lat M../i Lehlirh NavigationExtended .... . ... ..... 4,½ RR. loan, 1897 ....... 6 RR. mort., 19 l4, .. . 4 Gold, 1897 ... ........ .. 6 Ext,, gold, 1914 .. .. . 4 Gen, mort., 19:l4 .. 4¼ Consol,, 1911 ......... 7 Coll. trust. 190:i . .. 4¾ Penna,-Mort.• l!Jl0 .. 6 * Ex-interest. 102 -106 .... .... .... . . .. .... .... 108 -106 108 -105 104!4-105~ .•.• - •••• 101¾-10~ 108¼-104 - 93 .... - - . .. . 98 -100 98 - ........ - ....... - .... 1101}.(-110¾ .... - .... 118¼-118¼ •••• - ........ - .... 112¾-112½ 112¼-112¼ .... - ........ - .... 101¾-101!►.£ 102 -102 .... . .. . - .... 105¾-105¼ ... - .... 107¼-107¾ . .. . - .... 111%-119¾ • 85¼- 85¾ .... - . . . . .... - ........ - .... 21¾- 21% ... 119iij-119!)4 .... - .. .... - - lOi¼-104¼ 106 -106 107 -108 108 -108¾ 10'¼-105¾ - ........ - - .... 102¾-102¾ .••. - - - - .... 95-95 - .... 110 - 105 -107 107 -107¾ 105~-105¼ .. .. - .... 106 -106¾ 107 -107 .... - .... 109 -109 •105 -106 106¾-106¼ 106¼-106¾ .... .. .. - . .. .. .. - .. .. - .... 107 -107 8'rn- 88¼ 88¼- 88¾ . . . • - • . • • 91¾- 91¾ 92¼- 94¾ . • . • 106 -106 .... - .... 107 -107 - • .. . 22¼- 27¾ 27¼- 29¼ 29¾- 29¾ 30 - 88 .... - =~~.'.t: - .... l~-104¾ 105 -105 •••• 95¾- 95¾ 95¾- 97¾ ...• .... - .... 108¼-108¼ .... 28¾- 29¼ • . • • - • .. . 291'- SO¾ - ........ - .... 110¼-110¾ .... - . ... 100 -100 . .. . - .... - .... 110¼-110¼ . .•. .... - .... 87 - 87 - .... 109¾-109:)s 115¼-115¾ 110 -110 . .. 101¾-101¾ 102 -102¾ . ... - .... 108 -108¼ 108¾-104¼ 102¾-106 107¼-107¾ 108 -108 .... - - .... 107¾-108 - ........ - ........ - .... - - .... 108¾-104 - .... 104¾-104¼ .... .... 48¼- 58 12¾- 18 - .... 107 -107 49 - M iS¼- 52¾ 41J¾- 54 12§:(- 15 .... - .... - . ... 49 - 49 12~ ~~ .. 48 - 48 112 - 118 109 -112 •99¾-102¼ 105¼-106 110¼-111 105¾-106¼ .... - . ....... - ........ 102¼-102¾ 102¾-102¾ 103 -103~ .... - .. .. .... - ........ '102 -103¼ 103}(-103¾ 108 -103 128 -180 131 -131 .... - .... . ~~.¾= 11¾ . ... 8 110 -111§4 110¾-113 105¾-105¾ 107¼-109 50 - 60¾ 49 - 50 105 -105¾ 105¾-105¾ ... . . .. .... .... .... .... 64 - Si i7¼- 5S¾I i6 - 53 .~~.¾= ~~~ .~~. =~~ .. -~~ - .. ...... - .... . •.. - .... 46¾- 46¾ 12 - .... 11¼- ll}i .... . ... 54-54 50 - 50 118 -118% .... - - ... . 113½-114 - .... *106 -106 .... - •••. 103%-104½ 104¼-105,.i •101~-04¾ 101}(-101¾ 101~-101!►.£ 101:1( ·102 - .... 104¼-10<1¼ .... - .... 103 -103 10<1¼-10!~ .... - . ... 182 -132 .... - .... 130 -130 130 -130 - ........ - .... .... °48 - 50 113 -118 .... - 49¼- 50 51 - 52 - ... 105 -105 .... 105 -105 ={0'"1·~0 - ....... - .... ... . .... =~~ .. l~:l~!: - ........ - .... 50 - 50 .... - .... 108 -108 .... 118¾-114 114 -114 108¼-108¼ 102 -102¼ 108 -108¾ 10~-lOi . ... - .... .... - ... . . ... 102¼-102¾ .... .... - .... *107¾-07¾ 102 -102 . ... - •••• 132¼-132¼ 128¼-128¾ - .... . .. - .. .. ... - ........ - ....... - .... 103½-10<1¾ 51 - 5114 4R - 4R¾ 48 - 49 49¾- 49¼ 49¼- 49¼ 49¾· 50 .... - .... PHILADELPHIA STOCKS IN 1897. STOCKS. .JANUARY ll'BBR'RY. MARCH. APRIL. JUN£. MAY. JULY. AUGUST. 8EPT'BER. OCTOBER. NOV'BBR. DEC'BER --- ----per share, not per cent. Par. Low.Htgh Low.High Low.High Low.High Low.High Low.High Low.High Low.High Low.High Low.High Low.High Low.Hlg h ---- ---- ---- - - ------- - - ... - .... .... - . ... 5 - 6½ 5 - 5 5 - 5 .... - .... .... - .... .... - ... Acetylene Gas ............ 6!14;- 6¾ 7¾- 7½ .... - . .. . 6 - 6 9¼- 10 . ... - ....... - . .. . 9¾- 10 Allegheny Val., pf.. ~o .... - .... .... - .... .... - .... . ... - . ... 7¾- 7½ 7 - 7¾ 7½- 7¾ 8 - 10 .... .... 4 .... - .... <l¾- 7¾ - 6¾ 4 - 7 4¾- 6 <l - 5~ <l¼- 6¾ 6 - 7¼ 5 - 6¾ 4 - 6 4'ki- 6 Am. Ry. Elec. Liirht .. .. 18 18 17¼18 19 19 19¾- 20H 20 - 2 17¾ 19¼20¼ 18¾le¾ *18~19¼ - 18¾ 18½- 20 17¼18¼ 19?i 19¾ Baltimore Tractlon ..2~ Bah, Consol. Ry ...... 2~ .... - . ... .... - .. .... - . ... .... - .... . ... - . ... .... - .... .. - .... 21¾- 22¾ 21¾- 2~¼ 22½- 23!-4 23¼- 24¼ 23¾- 2<1 Buffalo City Pass ... 100 .... - .... .. .. - . ... 71 - 72~ .... - .... .. .. - .... . ... - .... .... - . ... .... - .... . ... - . ... .... - .... 75 - 75 . ... - ... 30¼- 36¼ 88 - 38 36 -H¼ •ss - 4<1¼ 35¾- 40¾ 35:J(- 39 30¾- 32 36 - 40 <Jambria Iron ......... ii0 42¾- 45¼ 39!14;- 44 37½- 4'2 30¼- 38 Camden & Burl. Co.2~ 35 - 85¼ .... - .... .... - .... . ... - . ... .... - .... .... - .... .... - .... . ... - . ... .... - .. .. .... - .... .... - .... . ... - ... 49 48¼50 50 50¾51 51¼52 . ... . ... .... 51 50¾ol¼ 51¾51¼ ISO¼- 57 .... 50¼50½ 49¼60 51¼ <Jatawlssa, 1st pret .. ~0 ... - .... 46 - <19 <18¾- 48¾ <18¾- <19 49 - 49¼ 49 - 50),g 61 - 51¼ •so - 50 50 - 50 2d pret ................ ~o 48¾- 48¾ 48 - 49 <19 - 50 7¾- 9~ 8¾- 9% 9¼- 10¾ 7¾- 9¾ 7 - 8¼ 8 - 97. <Jh.Ok.& G., v . t. ct-rs.~0 7¾- 8¼ 7¾- 8¾ 7 - 8¼ 6¼- 7¾ 6 - 6¼ 6¾- 8 21 24 - 26;.( 22 26 PNC/JS Pref. vot. tr. ctfs ... ~o Chic, Mil, & St. P ... 100 Cln. Ports. & Va., 1>ret. Clltlzens' Pass., In.100 Cons. Trac. ofN. J.100 <Jons. Trac. of Pittsb.~0 Pret ........ .......... :i0 Continental Pass ..... ~U Del.& BoundBr ... 100 East Pennsylvania. ~o Elec. Stor. Uattery.100 Pret ............. ..... 100 Faec.-Pneumo.t. Trans. Elmtra & W'msport.:i0 Pref.. .. ................ ~0 Germantown Pass ... ~0 ....... ~o Harrlsburir Heatonville Pass..... ~o Pref .................... ~0 Huntinird'n & Br. T. li0 Pret ........ .......... . ~o Kan. C.Pltts. & G.100 K, City Sub. Belt .. 100 Lehlirh Valley ........ ~o Little Schuylkill ..... :10 Marsden Co ... ..... . 100 Pref................... 100 Rects, tor cellulose .... Metropol. Tract'n .. 100 M.etropol'n Street .. 100 Mlneblll ................ ~o Nesquehoning Val. .. ~o N. Y. & Q11eens Co ...... Norristown ........... ~o Northern Central. .. ~o Northern Pacific .... 100 Preferred .. .... .... 100 North Americ'n Co.100 North Pennaylvanla.. ~0 Pennsylvania ......... ~o Pennsylv. St.,el. .... 100 Pref...... ... · ·•· .. 100 • Ex-d1v1dend. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 17¼- 19¼ 19¼- 19'4 17¼- 19¾ 18 - 19 18¾- 18¾ 18¼- 18¼ 73 - 77¾ 74¾- 77¾ *11¾- 78¾ 69¼- 7$¾ 71¼- 75¼ 761,(- 83¼ 70 - 70 . 16 - 25¼ 21 - 21¾ 16 - 21 21¼- 25¼ 18 - 24 16¾- 19 28 - 29 25 - 30 28 - 30 28 - 29 28 - 30 29 - 30 8 . 7¾- 8¼ . 8¾ 8¾- 9 89 - 39~ -41 41 - 42 4.1 37!1,!38 41¾- H¼ 140 -140 HO -140 16i -lM . - . . , - . .. . .... . ... 5i - 54 .... 27¼- SO¾ 2~- Sl 22¾- 27¼ 15¾- 23¼ 16 - 19¾ 16~- 21% 20 - 24 so - 33 24¾- 29 17¾- 24¾ 18 - 20 27¾- 33 .... - .... .... - .... . .. - .... . ... - .... .... - .... - ... 18¾- l\1% 19¼- 21¾ - 27 82 - 89 87 - 95¾ 94.½-102 .... - .... . ... 16¼- 23¼ 28 - 29½ 28½- 29¾ 29¾- 40 8¼- 8¼ 9 - II¾ 8%- 8% ... .... - .... ... .... .... - .... . .. - . ... .... - .... .... .... .... ... - .... .... - . ... ... .... .... ... .... - . ... .... - .... 170 - .... .... .... .... .... .... .... ... . ... - ... .... - .... .... .... - ... .. - .... ..... 26 27 19¼- 27 .... .... - ... .... .... - .... 92 - 98:ki 89¼71 17 Si¼- 37¼ 35 - - . ... . .. - . ... .... - . ... 20¼- 20¾ 18¾- 21) .... - -··· 21¾- 30 26 9! 71 17 36¾ .... - . ... .. . - .... 92¾72 19 • 85¾10¾41¼- 28 96 72 21 37 10· 42 - . ... .... - ... . ... - .... - .... .... - .... .... - .... .... - ... -170 .... - . ... . ... - ... ..... - .. . - .... 55 - 55 55 - 55 .... - ... - 33½ 27½- 30% 22 - 27¾ 25¼- 27 - 30 29 - 32¼ 30¾- 36¾ 30 - 33¼ 25 - 30 27¾- so - .... .... - .... .... - .... .. . - . ... .... - .... .... - .... .... - .... !14- 1¾ . ... - .... ¾- 1 .... - . ... 1¼- 1 - .... ... . - .... .... - . ... .... - .... .... - .... .... - .... 4i - 44 .... - .... .... - . ... .... - .... 46 - 46 . ... - ... . ... - .... 6i - 64. 60 - 60 . ... - .... .. . - . ... .... - . ... 66½- 66¼ . ... - ... - .... ... - .... 68¾- 6~ ... .. . - ... 130 -181 130¼-130¼ 131 -181¾ 131¾-137¼ .. - ... - ... ... .... .... - ... . ... - .... 130¼-133½ .... - .... .... .... - .... .... - .... .... - .... .... - .... 90 - 90 90¾- 90 90¼- 90¾ 90 - 90 .... - .... .... - .... 90¾- 90½ .... .... ... .... .... 50 *60 •19¾'48½17 - •... 51 60½ 23 52 19 51 60¾17¾45 17¼- 52 62 19¼ 48¼ 17¾ 50 61¾16%46 18 - 51 62 19 50 18 50 61½17 <19 17:1(- 51 61~ 17¼ 50 17¾ •!9!'!•61¾11¾44¼- 51¾ 62 11½ 46 23~- 29¾ 27¾52 - 52¾ 51¾- 52¾ 51 8 7 - 10)4 8~- 10 60 60 - 60 32¾ 51¼ 12 62¼ 13¼33¼4!14:89 52 20¼40 - 15½ <15¼ 5% 90¼ Si 27 50 - 50 60¼- 61 .... - .... 47¾- 49 18¾- 19!►.£ 50 61 11¾47¾- .... - ... .... - .... .. - .. .... - .... . 2.3¾: 2!¾ \' 23¼: 2t¾ 28¼- 30¼ 20¼- 29¾ 23 - 26¾ •so - 52 51 - 53¾ 53 - 53¼ 53 - 53 - 52 62 15½ 48_¾ .... .... .... .... 49¾62 12¼44 18 - 51 62 12½ 44¾ 25¾ <15 - 50¼ 47 61¾17 - 18 16 44 - 48¾ 45 2! - 29 2! - ... - .... - .... - .... .... - .... .... 30¼- 32¼ 51½- 53 12¾- 12¼ 60 - 60 3 - 4½ 107 -110% 108¾-112¼ 112 -12!¼ <18 62 17½ <17 26 <15 - 50 51 - 62 .... - . ... 45 - (6 23 - 25 65 - 65 25¾- 30¾ 2<1¾- 27 52 - 52¼ 52¾- 52¾ 16¼- 20¾ 13 - 17¾ 60 - 90 . 3¼- 3¾ . 120 -123¾ 100 -103 L00¼-116 55 - 56½ 57 - 58 53¾- 5S¾ 53¼- 53¼ - . ... .... - .... 30¾- 31% 52 - 52 17 - 25¼ 59 - 60 3¼- 4% 119¾-12i¾ <15 50¾10 89¼18¼- . ... 45 Si 1:5 45 23 - ... 25¾· 27 53¾- 54 7¼- 16 .... - .... .... - .... .... - . ... .... - . ... .... - .... .. . .... .... ... .... - .... .... - .... .... - .... . ... - . ... ... - .... 1¾-- 3 .... - .... .... - .... .... - .... .... - .... .... - . ... .... - .... .... - .... .... .... .... - ... 108;ij-110¾ 106½-108¾ •104¾--07¾ 102 -105 99¼-107 115¾-132 .... - .... .... - .... .... - ... .... - .... .... - .... .... - .... .... - .... .... - .... .... - . ... 55 - 56 *53½- 55¼ 54¾- 56 56 - 57¾ 5! - 56 *54 - 56½ 57¾- 58 54¾- 55¾ 57¼- 59 58 - 58 5<1J4- M 5!¼- 55 53¾- 55½ 54~- 54)4 53¼- 54 53¾- 53¾ .... - . ... 54~- 55 .... - . ... 53½- 55 .... ... . ... . ... . ... .... . ...... . ... .... . ... .... - .... .... - .... .... - .... .... - .... 2l¾- 2!¾ .... - .... - .. . 126 -127¼ 128 -128¾ 128 -129 129 -130 131¾-131¼ 131¾ 133 1327/4-133 130 -130 131 -131 131 -132½ 132¼-132¾ 136 -136 67¼- 67¾ 68¼- 70 ... - .... 72 - 72 72 - 72 71~- 73½ 71¾- 72, . ... - .... 77 - 71 .... - .... 80 - 80 80 - 80 13¼- 15)4 14¼82:14- 38¼ 36¾4 86¼- 86¼ 89 51¾- 52'4 51!14;29¼- 31¼ 28 - .... .... .... -·•· 16¼ 39 <l¼ 90 52¼ 29½ 11¾33¾4 90 52¼22¼- - 14¼ 88¼ 4)4 92 53¼ 25 .... - .... ... - . .. 10¼8!¼3~8611;52¼20 40 - 13¼ 36¾ 4¾ 88¾ 53¼ 20 40 11¾- 13¾ 34!►.!- 33 3!14;- 3:J:f. 89 - 89 *51¾- 53 20 - 20 40 - 40 - 15¾ 43½ 4!14; 90 53¼ 29¼ 50 13:J440 5 90 52¾24 - . ... - .... 15¼45¾5%•80 53¼26 5!'\ - 18¾ 51~ 6¼ 89 56¾ 35 57 17¾50 5 89 56 30 -rn~- 21¾ 17!14;- 21¼ 57 50¾· 55% 5¾ 4¾- 4% 89¾90 89¼ 59¾ 56¾- 58¾ 33¾ 10 - 29¼ 57 22 - 49 16¾49¼3¼90¾*M¾d ll · 19½ 56¼ 4 91¼ 57¾ 10¼ 21 19¼55¾4¼90 56¼6 10 - 22 61 4 92 57 13 2i> PHILADELPHI LTIMORE BO 119 PHILADELPHIA STOCKS IN ED. ,J.&NUARY FEBR'RY. MARCH. APRIL. MAY. JUNE. JULY. STOCKS. AUGUST. 8EPT'BER. OCTOBIIR. NOV'BIIB. DEC'BE R. - - - ---- ---- -----cu per share, not per cent. Par. Low.High Low.High Low.High Low.Hll!'h Low.High Low.High J,ow.Hlgh Low.High Low.High Low.High Low.High f,ow.Hi gh ---- enn. H. L. & Pow .. ~0 Pref........ . ........... ~O p blladelphla & E e ~o p blladel. & Read'ar. ~o p hlladel. Traction. ~o Phlla. & Trenton .. 100 p blla. WU. & Balt... ~O R eading vot. tr. c tfs.~0 1st pf. vot. ti•. ctfl!l.30 2d pt. vot. tr. ctls.30 R oches. City Pass .. too scranton Tractlon .. ~O second & 3d Pa88 .... liO south'n Cotton 011.100 s unb'ry & Lewlst'n .:; o "I' exa8& Paclftc ..... 100 1 3th & 16th l'an .... liO 11 nlon PaH'ger Ry .. liO u nlon Traction ... ... . 30 unlted Co's of N. J.100 u nlted Ga• lmp't .. . .60 w el8bach Commc'l 100 Pref................... 100 w elsbach Light ........ 6 w elsbach of Cana do. .. 6 w • Jersey & Sea Sh .30 w e t. N.Y. & Penn .. ~O Do vol. tr. ctls .... ~0 w llmin~ton & North ... ---- 13¾- 16 25¾-28¾ 17 - 19 f12¾- 14 ~-70'.¾ .... .... .... .... .... 17 ... .... .... .... ... .... 13'¼27 19¾Hl'¼7~- 15 29 14 20 13¾ 72¾ --- 14 - 16 13 -14¾ rn -U 27¼- 35¾ 31¾- 33¾ 30¾- 33 19 - 19 20 - 20 19 - 19 - .... - .... .... .... ... - .... .... .... - .... .. .. .... - .... - .... - .... .... - .... .... - .. .... - .... -235 .... ... .... .... .. - .... ... - .... .... .... .. . .... .... .... ... .... - ..... .. .... .... - .... .. .. .... .... .... .... .... ... .... .... .... - .... .... - 18 .... - .... - .... 235 - .... .... - .... .... - .... .... - .... .... -220 .... - .... .... .... .... 215 8'¼- 10¾ 240¼-246 *71 - 73¾ 22 - 23 62 - 67¾ 42 - 47 1'¼- 2¾ 46 - 47¾ 2¾- 27/4 9¾- 10¾ 2!l5 -247 72 - 75 .... - .... .... - .... 40 - 47 1%- 2¼ 46¾- 4.';½ 2½- 2¾ .... ... ... .... - .... .... .... .... .. - . .... .... .... .... - ... - .... ... .... .... .... .... .... ... .... .... .... - .... .... .... .... .... .... ... .. .. .... .... .... .... .... - ... ... ... . ... .... .... .... ... ... . ... - .. ... .... .. .... - .. ... ... ... .... - . ... . ... '™ .... .... .... - .... - .. .... ... - ... - .. ... .... ... - .. ... .... ... ... ... ... .... ... - - .... ... - ...... - ... .... - .... .... .... - ... . .... - .... -- 13¾- 14¾ 13¾- 14¾ H¾- 16¼ 16 - 18 17¾- 1 16¾- 17¾ 16 - 18 33 - 34½ 34¾-~ •Sd¾- 39¾ 36¼- 40 38 - 41~ 41~- 4 32¾- 34 19 - 19 19 - 26½ 25 - 28¼ 22 - 23 18¾- 20 20 - 22¾ 20}(- 22 .... - . ... . - WA .... . . - ... . - . ... ·69 - 74 68 - 70¾ 67}(- 69'¼ 68¾- 72¾ 72 - 73}4 •72¼- 74'¼ *71¾- 73 70'¼- 72'¼ 70¾- 73½ 72¾- 78 . - .... ... - .... 257 -257 .... - .... . - . 65 - 65 . ... - . . - . ... - . ... - . ... .... ... - . ... 8¾- 10¼ 8'¼- 9¾ 9¾- 11~ 10¾- 12¾ 12 - 13¾ 12'¼- 14¾ 11¼- 13¾ 9¾- 11¾ 10¾- 11 20¾- 25½ 19¼- 21¼ 19'¼- 20¾ 21¼- 2! 22'¼- 26¾ 25½- 27'¼ 26~- 28¾ 24 - 27¾ 22 - 25¼ 23"- 26 13 - 13 11 - 13¼ 11¾- 12¾ 12¾- 14¼ 13¼- 15¾ 14¾- 16'¼ 16 - 17'¼ 14 - 17 12¾- 14¼ 13¼- H 15¾- 16 10 - 11¾ 14 - 18¾ 14¾- 14¾ - . . - . ... - . .... . 7¾- 7¾ . ... - •·•· . . ... - . - .... 7¾8 - 9 - . 236 -237 237 -238 238 -238 238¾-245 245 -245~ 246 - 247½ 246 -247½ 2'!7¾·252¼ 254~-254 . - . 30 - 30 . - .... 30 - 30 .... . . .... ... . . 70 - 70 . .. . 13 - 14¾ 13¾- 14¾ . - . .. . 10 - 10 . 10¾- 10¾ 12 - 12 . - . 261 -261 . 260¾-260¾ - .... - . 262 -262 . .. - . .. . 230 -230 230 -230 228 -230 *25¼-225 - . .. . 230 -230 - . 225 -230 9;1,( 9'¼- 13¾ 8¾- 11¾ 8'¼8¾- 11¼ 10¾- 12¾ 11¾- 13¾ 11¼- 12¾ 1~- 11¾ 10¾- 12¾ 11¾•243 -2!6 245 -246 246 -247¾ 245¾-248 245½-250 249½-2f>3}4 248 -253¾ 248 -249 247¾-250¼ *48¾-25 75 - 86½ 82¾- 88¾ 82 - 87½ 84:J(- 91'¼ 93 - 99 *72¾- 74¾ 71 - 72¾ 70'¼- 72¾ 72 - 75 73¾- 75 15~- 22 11 - 18 15 - 18 16 - 20 16 - 19 22 - 24 20 - 21 15 - 15 17¾- 25 12 - 14 69 - 72 58 - 61¾ 61¼- 61½ 62 - 69½ 67 - 69'¼ 691,- 71 *59¾- 65 65¾- 69 65 - 66 59 - 66 39¾- 40¾ 40¾- 49¾ 44'¼- 47¾ 47¾- 49¾ *46¾- 60¾ 42¾- 48¾ 42¼- 46 *40 - 4i 38½- 42 37 - 44 1'.¾- 1¼ l¾- 1½ 1¾- 1¾ 1~- l!)i( 1¾- 1'¼ 1'¼- 2½ 2 2¾ 1¾- 2 1½- 1¾ 1¾- 1 49 - 49¾ 49 - 51¼ 60 - 50'¼ 50¼- 51 48 - 49 •45¾- 46 46 - 50 49 - 50 49 - 50 48 - 49 2¼'- 2¾ 2 2¾- 2¼ l¾- 3 2¾ 1¾- 2¾ 2¾- 2½ 2 - 2~ 2¾- 3¾ 2'¼- 3¾ 2½- 3 2 - 2¼ l'¼- 2 . - . . .... - . - .... 1¾- 2 17 - 17 . - .. . .... - . . .. . - . . - ... . - . . - .... . no - ---- --- .... .... .... - .... ... .... .... ... .... .... .. .... . ... ... ... ... .... .... ... ... .. CANAL. L ehlarh Navigation .. . :rn 40 - 42 39 - 41 38 - 39¼ 38¾- 39½ 37¾- 38½ 38 - 42 4.1 - 42½ 42¾· 45 44)4 - 45¾ 44 - 45 40½- 43Xi 40 - 42 .. - . .. . ... 65¾- 65½ .... - . .. .... - .... .... - . ... . ... - . .. 50 - 50 .... - . . M orris Canal. .... .. 100 .... - .... .... - .... . ... ... ... . - . ... .... . ... Pref.. ···• · · · ·•·······'00 ... - .. .. . . .. - . . 151-l -ln8 162¾-162~ - .. ... - . .... • Ex- Jividend. ~ th - instalment paid. BALTIMORE BONDS IN 1897. .HuNu~. J.a.NUABY --- FEBR'RY • .MARCH. ---- - - - -APRIL. --- ____ ,____,____ - - - - - - - - - - - ____ ,____ MAY. JUNE. JULY. AUGUST. dEPT'UER. OCTOBER. NOV'BER. DEC'BER • - - - - - - - - -· Low.Figh Low.High Low.High Low.High Low.High Low.High Low.High Low.High Low.High Low.~igh Low.High Low.High Atlanta & Chn.rlottel.st mor1galfe ........... 1117!1i-120 120¾-121 121 -121¾ .... - .... 120¾-121¾ ..•. - •••. 118 -118¾ .•.. - ..•....• - ••.. 119¾-120 121 -121¾ 122¾-122¾ - .... lOO½·lOO;J,f lOO;J(-101 101 -101 - .•...... - ... . 102 -102 102;14-103 103 -h,3¼ . . . Income•···•············· 6102 -102 .... - •.. . .... - .. .. 90 - 99 99¾- 99~ .... tlanto. Gas L.-lst ... ~ ... .... 104 -104 . ... Atlantic Coast Line ... 6 .... - ....... . - •... 110 -110¾ .... - .... 109¾-109¾ ••.. - ........ - ••.. 109 -110¾ Bal. Cat. & Ell. Mills.!> .... - ........ Bait. City PaH.-lst . . ~ 113¾-113~ 114 -114 .... - ••. 114 -115¼ U:J¼-114 113¾-114 11~;14-115 114;14-115 114%-114'¼ 115 -115 113 -113¼ 113¾-114 - ..•. 104½-105 105 -106 106 -106¾ 106¾-106½ . • • • - ... . 106.l-9-1C6½ .... - .... 104¾-104!4 105 -105¾ Certs. oflndebted .. 4½ .... Baltimore & OhloExtenston ... .......... . 4 102 -102 .... - .... 102¾-103 102 -102 102¼-102¼ .... - .•.. 103 -103 .... - ... . lOi -10414 102 -102 102¼-102¾ ... . Ea•t Side................ 3 . . . . 104¾-104➔.f • • • • - • • • • • • • • Equipment . .......... . 6 .... - .... lOi¾-lOi}d .... Parkersb'g Branch .. ti .... - .•.. 108¾-108¾ 10$¾-108¾ - ... . 109¾-109¾ . ... - •... 104 -104 .... Receivers' certit's.. . 6 102¾-108¾ 103¾-103¾ 103½-lM¼ ..•. - •.. , lOi¾-104¾ 102¾-102¾ .... Do. Md. Constr... . 3 .... - ........ - .... 100 -100 100¼-102 99 - 00 100¾-100¾ .... Do. Pilts.& Conn.li 100~10<>¼ .... - •... •··· Do. Main Line ..... ~ . . . ·_ .... 100¾.;.100¾ lOQ¾-100¾ 100¾-101¾ .... .B. & O. s. W.-New, 1st .... - .... 97 - 97¾ 97 - 97 97¼- 97¾ 96 - 96 93¼- 94 97¼- 97¾ . ... - •... 97!1i- 98¾ .... Incomes, ''A" ... . .... :; .... - .... 28 - 28 .••• - ..• . .••• Incomes, "B" ......... ~ . ... - ........ - . . . . 12¾- 012¾ .... - . ... 9 - 9 Bait. &Pot.-lst ....... 6 .... - .... 123¾·123➔.f •••• - •••• l.23¾-123¾ .••. Tunnel . .. . ............... 6 .... - ..... . .. - ........ - .... 125 -125 Baltimore Traction... 6 106 -106¾ 107 -107 105 -105¾ 105¾-105½ .... - .... 106 -106¼ 106 -106 106¾-106½ . . . . - .... 103¾-104' 104¾-104¾ 106 -106 1929 ....... . ........... .. . 3 109¾-110 110¾-111½ 111¼-112¾ 112).:(-113 .... - •... 112 -112 112 -114¼ 113 -113}4 113¾-113lJ4 113¼-113¼ .... - •.. . 115 -115¾ - .••. lOQ¾-100¾ . . . . - . . . • . . . • - . . . . . . Collateral trust ...... 6 .... - .... 100¾-101 101¼-101¼ . . .. (;onvertible .. ......... . 6 .... - ... . 95 - 98 98 -100 100 -100¾ 99 -100 99¼-100¾ 100½-100'¼ 100;1!-102 102½-102¾ 102J4-104 101 -101¾ 102 -102½! . . . . • . . . •••. 100¾-101¾ 101¼-101¾ lOl;J(-102¾ 100 -1(10¾ 101"¼-101¾ Convert., as8ented . . ~ .... 79¾- 80 Belt Line .................. 6 92 - 93 92 - 93 94 - 95 91 - 95¼ 88½- 88¾1 80 - 80 80¼- 80¾ ! 79 .- 80¾ 80 - 80~ 79¼- 80~ 79 - 80 (Jape .Fear & Yad. V.j 50-50 •••. 50 - 50 65 - 80 Serles A ................. 6 .... I - • • • . 38½- 38¼ 37 - 37 . . . . 38 - 88 47 - 55 35 - 40 tilerles B ..... . .. ....... .6 .... 37 37 .... 40 - 55 Series C ....... .•....... . 6 .... 74¾- 74!1( .. . Carolina. Centr'l-18t .. . .. . Central Ohlo-1930 .4½ . .. . - ... . 98¾-- 98¾ ...• Central Pa88enger .. . 3 112¾-113¾ ...• - . .. • . . .. - .... 110½-110¾ ..•. - ... . 109 -109¾ 109¼-109¾ 109¾-110 110 -110¾ Obar. Col. & Aull.Extended ................ 3 107 -107 108½-109 10$¾-108¾ 108¾-108)4 108xi-109J,:( 109 -109 107½-107¾ .... - .... 109 -109 109 -109 - .... 111 -112 ~d, 1910 ...... .... . .... 1 115¾-116 ... • - .... 117¼-117¼ 115 -115 . . .. - ........ <Jhera,v & Da1·1ing .... ~ . .. - ........ - ........ - ........ - ... . 105 -105 ... •Chesap'ke Gas-1900.6 105¾-105¾ 106¼:-106¾ 106¾-106¾ 106¼·106¼ 106¾-107¼ 104 -104¼ to4 -104¾ ..•. - .... 104¾-105¼ 105¾-106 106¾-106.l,( lOi -105 ,Ctn. & Balt.-1900 .... 7 .... - ... . .... - ........ - ... . .... - ...... . . - ........ .. . . .. - . . . ... - ....... - .... 105 -105 ,City & Suburban ....... 6 110¾-112 lll¾-112¾ 111!1(-112¼ 112 -113 113¾·113¾ 111¼-111½ 111¾-112¾ 112¾-113¾ 113 -113¾ 113¾-113¾ 113➔.f;-114¼ 113~-114 -Col. & 6reenv.-l8t .. . 6 110¾-112 112 -112¾ ... - .... '112 -112 .... - .••..... - .•. . 112¾-113 lH -115¼ ..•• - .... 114 -114 115 -115 115¾-119 ::::i:::· I I -~=~8:~:ta~!;-r.;:::: ii4¾=1i5 .. iis½=li6.. iie½=li7.. ii1~1i7½ ii7¾=1i7~ ii7¾=1is.. 1i5i1i5~ iia¾=iio~ iia3'=1i1·· ~;:=1~!¾ ii7¾=1i7~ iiS¾=liS¼ Bonds, 193~ .......... . ~ Ga. & Ala.-Con9ol. . .. ~ 1st pref.................. 6 Ga. Car. & No.-lst ... 3 Georgia Paciftc-lst ... 6 ,Ga. South'n & Fla.ht, 1943 . .......... ... 6 >Lake Rol'd Elevated Guaranteed, gold . ... 6 ,Macon & :Northern . . 4.½ ,Manche&. & Augusta.~ .Met. St. RR., 1st, '2~.~ Monongahela Rlver.. . 3 :New Orleans Gas ...... 6 Norfolk & Carolina... 6 No. BalrimorP Pa1111 . . . ~ https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 106!1(-108 79 - 80 99¾-108 79¼- 81¼ 111 -113¾ 108¾-109¼ 109 -109¾ 110 -110}( llOJ,:(-110¾ 80 - 80¾ 79 - 80¾1.... - . . . . . .. . - . . . . 103¾-104 104 -104¾ 101¼-101¾ 101¼·101¼ ~ - 81¾ 79¾- 81'¼ 79¾- 81¼ 79¾- 811>! 113!1(-114 lU -114 114¼·114¼ .... - .... 95 - 95¾ 93¾- 95 110¾-110¼ 78 - 78 101).:(-101½ 80¾- 84 118 -120 107½-107¾ 107¾-108¾ 76 - 77¾ 77¾- 83 102 -103¾ 103 -103¾ 81¾- 85 84¾- 89½ 115¾-115¾ .•.. - .... 93'¼- 95¾ 94¼- 94'¼ 95 - 97¾ 96¾- 97!'4 94'.¾- 97 108¾-109 109¼:-110 109¾-110 81¾- 83 79 - 79¾ 79 - 79!1:( 103¾-103¾ 101¾-101¾ 101}(-101¾ 84!1i- 89 80 - 84¾ 80¾- s1J ll8J,:(-119¾ 118 -118 119¾-119½ 109¾-110¼ 79¾- 82 101¾-103 86¼- 92¾ 122 -124 96¾- 99¾ 98¾- 99¾ 97 - 98¾ 97¾- 99}.( 99 -103¾ lOS¼-108¾ 108¾-108¾ 106¼-106¾ 105'¼-108 108 -109½ 109¾-100~ 109½·109¾ 109¾-112 109 -109~ - • . . . 46'¼- 46¼ . . . . .... - .... 45 - 45. 46 - 46 ••.. - ••• - .•...... - ..•..... - .... .... - ........ 111¾-111!}.i 110¾-111 lll¾-113 114¾-115 lH¾-115 115 -116 116 -116 114~-116¼ 116)4-116¾ .... 90 - 00 .. .. - .... 100 -100 .•.• .... - .... 110 -110 111 -111 .... - •••• 111 -111 ..•• 108 -109¾ 109 -110 110 -113¼ lll¼-112½ 112 -114 111 -112¼ 112¾-118 113 -11414 114 -11411,( 108¾--109 108'¼-109½ 109¾-110 . . - . . . . . . . - . . . . 48¼- 48¼ 107 -107 . . . - ........ - ...• 115~-117 116~-116½ 116¼-117¾ - ........ - .... 90-90 - . •.. 108¾-108½ .... 114¾-11A4i 11~-115 11314-116 BALTIMORE 120 BOKDS AND STOCK8. BALTIMORE .BONDS IN 1897-CONCLUDED. JANUARY FEBR'RY BONDS. MARCH. .APRIL. MAY. JUNE, JULY. AUGUST. SEPT'BER. OOTOBER.,Nov'BER. D:e:c'BER. ---- ---- ---- ---- ---- - - - ---- ---- ---- ---- -----1---- - - - - - - · - - - - - Lo~gh Low.Hi1th Low.High Lew.High Low.High Low.High Low.High Low.High Low.High Low.High Low.High Low.High • Northern CentralCarrency. 1900 ....... ti .... - .... 108¼-108¾ 108¼-108¾ .... - .... 106¾-106¾ .... - . ....... - .... 107¾-107¼ 108 -108 105¼-105}2 .... - .... 106¼-106¼ Gold, 1900 ........ .... . 6 107¼-107¾ 107¾-107¾ 107¾-108¾ 108¾-108¾ 10$¼-108% 109¾-109~ 106¾-106¾ .... - .... 108 -108¼ 108¼-1~ 108¾-108¾ 108¼-109 Gold, l904 ............. 6112¾-t12¾ .... - ........ - .... lU -114 115¾-116½ .... - . ...... - ........ - .... 114¾-114¾ 114¾-114¾ ... - ........ - .. .. Gold, 1926, Ber.A .... 5 114¾-114¼ .. - . . . . 115¼-115¾ . . .. - ... . 116 -116 .... - .... 114¾-114¾ 114¾-114¾ 116¾-116¾ 116¼-116¾ 116!1:(-116¾ 117¾-118 Gold, 1926, ser. B .... 3 113!1:(-114 114¼-lU~ .... - .... .... - ........ - .. . • ... - .... 116 -116 .... 1923 ............... .... 4¼ .... - .... 109¾-109¾ 110 -110 ll~-110¾ .... - ........ - ... .. .. . Ohio & MiBBiHIPPiSprin,rf. Dlvitliou .... ,- 99 -100¾ 101¼-102 101¾-103½ 103¾-105¾ 102 -102¾ 101 -101 100 -101¾ 100¾-103¼ 103¾-105 103¾-103¾ 100 -101¼ 101¾-106 2d mort., 1911 ....... ,- .... - .... 117!1-(-117;1:t 118¼-118¼ 116½-116¾ .... - .... 116¾-116¾ .... - ........ - .... 115 -115 .... - .... 117¾-117¼ ht. con., ums ...... .. ,- 102¾-102¾ 103 -103¼ .... - .... 104¼-1~ .... - ........ - .... 102¼ -102¼ 102 -102 102¼-102¾ 102¼-102¼ 103 -103¼ 103¼-103¾ PeterBbura--ClaH A ... 3 1()8½-108¾ .... - ........ - .. . . ... - .... 109¾-109¾ 110 -110 .... - .... lll¾-111½ .... - .... .... - .... 113¼-113¼ Cla88 B .. -. .. ......... .6 113 -114 .... - ........ - .... 115 -115 .... - ........ - ........ - .... 116 -116 .. .. - ........ - ........ - .... .... - .. . 1 Pledm't & Cumberl'd.3 103 -103 .... - .... . . . . - . . . . . . . . - . . . . 102¼-102¾ 103 -103 .... - .... 10-2 -103 102¾-103 .... - ........ - ........ - .. .. PlttBb.&C~m.-lBt.'98.'7 102¾-103¾ 104¾-104¾ 10:l¾-104~ .... - .... 105¾-105~ 105:Jt-106 102¾-102'.¼ 102¾-103¼ 103¼-103¼ 103¼-103¾ 103¼-103¾ 103¾-103¼ 1 PlttBb. United Trac .... 3 .... - ........ - ........ - ... . .... - ... ..... - . ... .. - .... 100 -100¾ .... - .. ...... - ....... - .. .. 99¼-100¾ 100¾-102¾ Raleigh & AuiroBta ... 6 100 -101;.( .... - .... 101¾-104 .... - .... 103¾-103¾ 103 -103¾ 102¼-102¼ . . .. - .... 106 -106 105¾-105¼ 106¾-107¼ 110 -110 Raleiirh & GaBton .... S 102¼-102,4103 -103 103 -105 104¾-104¾ 104!>.(-105¼ .... ...... - .... 103¾-103¾ .... Richmond Traction ... 5 .. .. - ........ - ... 101 -101¾ 101¾-101¾ .... - .... 102!1,t-102¾ 102¼-103 103'-(-103!1,t 104;.(-104¼ 105 -105 Roanoke & tiilouth'n ... 5 57 - 58 57 - 67¾ 57¾- 59¾ .... - .... 58 - 61¾ .... - ........ - ........ - ........ Sav.Am. & Mon.-ht.6 85¼- 851¼ 86 - 86 .... - ... 83 - 83 ... - ... . .... - .... ... . - .... 88!1(- 88~ Sav. Fla. & W,-lBt ... 6 ... - .... 112 -112 .... - ...... - ........ - ........ - ........ - .... 120 -120 120 -120 1st, 1934 .. ............. 3 .... - .... 106¼-106¼ 106¾-1~ 106'-(-107 107¾-107¾ 105 - 106¾ 107 -108¼ .... Seab'd & Hoaooke .... 5 .... - .... 95 - 95 .... - ........ - .... 9!l¼- 9!ic°'i .... .... 100 -102 Vlrainla Midland1st series................ ti .... - .... 112¼-112¾ 113 -113 113¼-113¾ .... - .... 111 -111¾ 112 -112 .... 2d serle8 ... , ........ ... . . 6 113¼-114!>.( 114¾-116 117 -117 118 -120 119 -119 118 -120 118 -118¾ .... 3d series. .. ........... 5-6 113 -113½ . ... - .... 111 -114½ lli¾-11'™ 114¾-114~ .••• - ........ - .... 1115 -115 .... - .... 115¼-ll~ 4th series ......... 3-4-5 .... - .... 97 - 97 96 - 98 .... - ........ - ...... .. - ........ ...... .~ 5th series ............... 3 102 -102¾ 102!1:(-103 102¼-103¼ 103¼-103¾ 103¼-103¾ 104,4-lOi¾ .... - .... 104¾-10!½ 102!1(-103 103¾-103¾ 104 -105 .... - .. .. Virginia & Tenn ........ 8 . .. . - ... 109 -109 .... - .. . . . .. . - . . . . .. . - ... . 108 -108 .. . .:. .. . . .. .. - . . .. . . . . - • . . 110¾-110¼ . . .. - .. .. West Va. Cent.-lst.... 6 106 -106 106 -106½! 106¾-108 107½-108¼ 108¼-109 109 -109¾ .... - .. . . 107¼-109 109 -109 108¼-108¾ 108¾-108¾ 111 -111¼ w. Maul'd-3d, guar.ti .... - .... .... - ....... - .. . ..... - .... 107¾-108¼ 105 -105¾ 105¾-105¾ 105¼-105¼ .... - . ... 106 -106 106¼-106¼ West. No. Car.-Coos .. 6 .... - .... 112 -112 112 -114¼ 113¾-114¼ 114¼-114¾ 115 -116¾ 113,4-114 113!!(-lU¼ 114¾-114¾ 114!1:(-lU¾ 114¾-114¾ .... W. Col. & Aua-.-1910,ti .... - ........ - .... 116 -117 117 - 117 117¾-117¾ 117~-117¾ .... Wilm. & Weld.-New .. 5" 113¾-113¼ .... - .... 116"'-117 118¾-llS¼ 119 -119 .... - ... . 117 -118 116$.(-116¾ .. .. - .... 116'-(-116¾ 117 -117 .... New- (wbP.n humefl) ... 4 ... . - ........ - ........ - ... . 104¼-104¼ 104¼-104¾ .... - .... 101¼-102 101;.(-102 - .... . BALTIMORE STOCKS IN 1897. STOCK.e. JANUARY FEBR'RY. MA.ROH, APRIL. MAY, JUNE, JULY. AUGUST. SEPT' BER. OCTOBER. NOV'BER. DEC'BER. Priceap,:rshare,notp,:ri~~ L o w . H i g h ~ ~ I,ow.High L o w . H i g h ~ Low.High Low.High Low.High Low.High Low.High Low.Higb ---- Atlanta & Chari. . .. 1 00 91¼- 92½ 92¾A.tlan. Coast Line .. 100 .... Baltimore & Ohio .. 18U 15 - 17,1-6 14~1st pref ............... 100 4.5 - 55 .... 2d pret ... .. . . ...... 100 .... - ........ ·Baltim're City Pass.21> 59¾- 62¾ 60 Bait. consol. Ry ...... 2a .... Baltimore Tract'n ... 2a 17 - 17¾ 17¾Baltimore Warehouse ..... Canton Co ............ 100 60 - 65 64 Central Ohio ........... 50 30 - 31¾ 31¾Pref ........ ............ :,11 .. - ........ Central Railway ..... :i0 70 - 70 .... City & Suburban ..... :,o 44¾- 44¼ 42¼Consolidated Gas .. lOU 60¾- 62¼ 60½ConsolldatlonCoal.100 .... - ........ Georda&Ala ...... 100 7 - 7¾ 7 Pret .................... 100 23¼- 24 23¾Ga. South'n & Fla.100 5 - • 5½ 5 1st pre:f.............. 100 50 - 50¾ 50 2d pret ...... .. ....... 100 13½- 17¾ 16 Northern Central .. . 50 67¼- 68 68 Raleiirh & Ga8ton. 100 .... Seab. di: Roauoke .. 100 .... We11tern il.laryland.. ;)0 .... 7!1:(Wilm. Col. & Ana- .. 100 108 -108 .... Wilm. & Weldon ... 100 .... - .... 95 - https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 93 97¾- 98 96¾- 96½ .... - .... 85-85 .... - ... 9¾- 10¼ 9 - 17 17¾- 21 15 - 16 92¼- 92l,( .... - . ... 92¾- 92½ .... - .... 94' - 96 14.¾ 12¾- 15¼ 13 - 13¾ 11 - 11 10¾- 10¾ 97 - 98 86-86 12 - 12 98¾- 98¼ .... - .... 12¾- 13¼ 20 - 20 20¾- 25 . . . . .... ... . - .... .... - .... .... 18 - 18 6i¾- 66¾ 66¾- 67¾ 66¾- 67 67 - 67¾ 66½- 67¼ 6~ 60 - 65 65 - 66 64:lt- 65 6!l¾- 65 63 - 64 21¾- 22½ 22¼- 23% 23¾- 2!l¼ 23'-(- 2!l~ - .... 22¼- 22¼ 21½- 22¼ 21 - 23 18¾ 18¼- 20 67¾ 67 - 67 32 . .. . . .. . 43J.( 61½ .... 7¾ 2!l¾ 5¾ 50 16 70 19¾- 20a 19 - 19¾ 18:Jt- 19¾ 18¼- 18¼ 18¼- 19 20-20 62 - 67 62¾- 62½ 65 - 65 2!l¼- 24¾ 25 2i - 24 24 - 24 25 :.l!l - 25 70 - 70 70 - 73 74 - 75 47¼ 46¾- 47 59:ij 55 - 57¾ 56¼· ~~( 58 - 60¼ 39 38½- 38½ .... - ..•. 39 - 40 7½- 8¾ 23 - 25¾ 7¼ 8¾- 8!!( 8¾- U 13 - 20 60 - 60 65 - 71 70¾- 77¼ 20 21¾- 22½ 22'.¼- 3i 34' - 38½ 71 71¾- 7:-1¾ 71¾- 72 73'-'- 77½ .... 30 - 30¾ .... - .. .. 23 . . . . - ........ - .. . . 25 70 - 70 42¾- 45 45¼- 48¼ 47¼59¼- 62 68¼- 60 55¼37 - 38¼ 38 - 38¼ 39 7 - 7 .... .... - ........ - ........ 5'-(- 6¼ 6½- 6¾ 7½50 - 55 55 - 56 15½- 18 17¾- 18 19 71 - 71¾ 71¾- 72 71 - .... .... 67 23 .... - . . . . 18¾- 20 67 65 - 65 23 .... ........ - • ... 59 - 62 57¾- 00¾ 53¾- 59 38½- 39½ 39 - 39 .. • • - 95 .... - .... - 6},ji- f>¾ .... - - .... no 19 - 19 77½- 84 38-40 78 - 78 15 - 15 78 - 83 - .... 110 -110 120 -120 5 -110 - 20¾ 20 67 22 80 - 80 52 - 54¾ 8¾- 9 .••. 9 - 9 ~- 8¾ 24¾- 25¾ • • .. - • • • . 23 - 23½ 24½- 25 77 - 78 - ........ 8 20¼- 20¼ 20 20 66¾- 66¾ 67 22 - 17 - 17 .. .. - 32-S!lc 80 - 81 35 - 35 .... - 17 70 33 80 - l'i¼ 77 38¼80 100 -100 5 .... - .... 111 -111 111 -111 - .... 115 -115 - .... 119!,.(-119¼ - .... 118 -125 130¼-130¼
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