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HUNT'S MERCHANTS' MAGAZINE,
^^
RBPBBSBNriNa THE INDUSTRIAL AND COMMERCIAL INTERESTS OP THE UNITED STATE?!
VOL.
SATURDAY, JANUARY
48.
12,
NO.
1889.
Week BnMns January
I8S9.
Terms of Snbseription—Payable in Adrance
New York
For One Year (InolndliKC postage)
$10 20
For Six Months
do.
6 10
Knropean 8iil)scrlptlon (inoluningpostase)
11 28
Euroiicaii .Su'oscription Six Mouths (Inelucllng postage)...
6 64
Annual subscription in London (lnoludln« postage)
M2 78.
BlxMos.
do
do
do
«1 88.
These prices Include the Isvestors' Sdpplembnt, of 150 pages
tasuod once In two months, and furnished without extra oharge to
subscribers of the Chbosicle.
Babscrlptions will be continued until definitely ordered stopped. The
publishers cannot be responsible for remittauoes unless made by drafts
or Post Otllce money orders.
A file cover is famished at 50 cents; postage on the same is 18
•enta. Volumes bound for subscribers at $1 00.
Terms
of AdTertisingr.
Advertisements ordered for less than one month, in the Commercial
are published at 2D cents per line each insertion. When orders are detliiitely given for one month or longer, a liberal discount is allowed, and the nelpricci may be obtained on appUca-
Uon
at the olllce. The lowe.'it rate.s on permanent cards detlnitBly ordered for one year are 8 cents per line each insertion, making $58 for
one inch space one year. Space is measured in agate type -14 lines to
the inch.
London Aeents
Edwards & Smith,
1 Drapers' Gardens, E.
C, who
Is. each.
WILLIAM B. DANA
NA. 5
»OBN O. FLOYD,
(Oroin
(Petroleum
butheli.)
bbli.)
Boston
Providence..
Hartford
New Ilaven.
SorlnKfleld...
Worcester...
Portland
Lowell
New England.
Total
Philadelphia.,
Pittsburg
Total Middle.,
Chicago
CiDCiODatl
TTILI^IAH B. DANA & Co., PnblUIiers,
lOa William Street, NEW YOKK.
Post Office Box 958.
holiday.
The
is all the more gratifying, coming as it does at
a time
whf n unseasonably warm weather has had much to do with
(-fS3-e)
(22,684,8f2j
(7,430,000)
(24.~C0.100l
(43,8e8,U0D>
1-4-4)
{-8-5;
(1,829,546)
(871.400)
(16.6)9.450)
(-i-e»-9)
(!IV2,U00)
0,
(l.S.892,0U0)
(-«6(»
101,364.787
5,8f4,500
8. 179.96^
1,417.»37
1,428,004
-t8-8
73.858.528
f22-B
4,4)9.5(10
1 ,62(1.982
-I-8-9
1,232,780
749,431
98.?63.S5«
6,198,800
3,187.282
l,i 99,196
1,254.090
1.170.52S
l,S90,hl3
672,642
-)-ll-4
511.459
-I-8-T
116,488,803
108,836,789
+T0
83,981,851
-I-19-7
73.003,531
]8,2o8,0>9
13,931,722
71,107,162
11,369.212
13,231,904
42
B'',007,769
-flS-I
_-f5-4
10,872.977
9.b76,809
-t-19-»
99,142,342
95,698,278
•f3-6
76,817,555
-nz-»
63,499,8631
11.377,0001
6,172,01
4.096,7571
3,645,9«2'
2,760,801
88.122.P35
+9-2
B:!.762.620
(-83
—5-4
-0-2
-fl-3
966,488
960.829
909.S91
-fl3a
-f6 9
—11-4
814.78--
+7-3
11.451.6001
-0 6
4..fH4.407!
-4-180
4.482..'i88:
-Hl-5
(-23-4)
(-60-31
-7 2
-7-8
-fS80
fl9-l
-8-4
-t-0-4
-I-9-4
+7-2
3,295.W3|
2.498,03
2.054,23«
i-10-5
l,«6S'.605i
1,347,7731
735,81.5
-fUS
I.56-2,102
1,3' 17,483
—18-8
l,502.8H3i
627,9221
—14-7
0fi3,'ib0
-hl2»
8-0
80,311,805
•f»-6
-+321
-(-23-2
15.380,530
7,865,678
i-29-6
8,97.S.831
-1-87-8
-1-2-8
8,3.38.5.38
-f26-0
-t-1-8
3,096,351
2.751.887
1.985,945
+Sb-i
Total Middle Western!
San Francisco....
(Kansas Cltr
Minneapolis
Paul
St.
88,37i,36i
16,027.739
8.497.627!
4.609.482;
eao.si-si!
12,131,224
6,896,432
3.557.172
3,98»,175
3,613.498
2,130,411
1.681,165
1,583.»;V
1.603,050
851,051
299,3401
318,518
Denver
8.678,559
8,361,615
Dulutb
l,790,S9:f
Joseph....
1.603,201
1.217.6001
..
Total Southern
Total
(.atslde
, .
New York
-0-0
-I-
-f57-3
-t-13-3
-l-3I;fc
-fll-9
-1-30-1
^^l
-+5-0
l,l-2.'),776
—19-0
-27-3
-4-2
650.460
628,363
363,8^3
-S5-4
-f«-6
+5l-»
38,145,27Sj
-f2C-2
41,098,570
-(-14-6
10.825,1881
18.057,t30!
7.i78.fe3;
18,281.871
-K>-7
16.019.878
J 0.902,557
4,619,828
-fs-e
4 6-7
I,8u9.ie8
904.378!
-8-3
18.t^62,^66
8.78(>.9;4
-f5-9
-2-4
3,094 .t-95
1.4)5,073
2..5'.i8.8l0
-16 3
2.009,667
1,067,833
-6-8
96.'>,565
43.895,026
4S,1S4,(«3
-fO*
87,140.3ft7
1.103.417.488
805.868,701
_+lVa
934.931,783
4«1'0
319,397,678
-t-18-6-
i
',
t-lOlf
-1-169
45,849,410.
3.019.751)
I
all..
i
»5,153.6!)7i
4.1182.455
Omaha
Topeka
eatisfactory
(600,028)
Peoria
examination of the subjoined statement of bank clearTotal other Westerr..
ings for the week ending January 5, would seem to indicate dt. LOQlB
New Orleans.
that the year 18S9 has started out very well. The aggregate LoulsTllle....,
of exchanges for the whole country is of imposing volume, Memphis.. ....
Galveston
notwithstanding that for many of the cities, and especially Norfolk
New Year
•f26'4
1801, S49;
(8';5,S00)
Indianapolis...
Columbus
An
observance of the
615,531,106
-(-10-7!
Los Angeles
Wichita
the larger trade centres, like New York, Philadelphia, &c.,
the returns embrace only five business days, owing to the
P. Cent,
fl88
9,163,640
4.844.583
4.028.799
8.250,874
2.064.504
,
Milwaukee....
Detroit
Cleveland
St.
CLEARING HOUSE RETURNS.
2ff
eei,480,8B4
l,25il.D0«
Grand Rapids..
will take
absortptions and advertisements and supply single copies of the paper
ftt
halet^
Baltimore
A Financial Chronicle,
Messrs.
tharet.)
iOotton
Week Bnd'o Dec.
B.
P. Cent.
708,790,117
Bala of—
tiStoekt
1888,
1,229.
»00,627,8«8
374,487,747;
-(-7-01
exhibit
retarding the distribution of many products of manufacture
and agriculture. Tlie business failures occurring throughout
the country during the week, as reported to Messrs.
R. G.
Dun Co., were, for the United States, 3.'39, and for Canada
28, or a total of 387
as against a total of 209 last week and
279 in the corresponding week of 1888.
&
;
In comparison with the corresponding week of 1888 (which
January holiday), there is a gain in
the total of 14-2 per cent, while outside of New York
the
increase reaches 7 per cent.
All sections of the country
share in the excess recorded, but the Western cities
make
The returns of exchanges for the five days, as received by
telegraph this evening, exhibit a gain in the aggregate over
the corresponding period of last year of 9 2 per cent. Oar
estimate for the full week ended January 12 indicates aa
increase over a year ago of about 9-9 per cent. Messrs. R. G.
Dun & Co. report the number of failures for the week ended
to-night as 381 (351 in the United States and 30 in Canada),
against 337 last week and 379 for the same time a year ago.
also included the usual
BttUTiu ^v
nUvravK
We*k EnMnt January
18f9.
York...
aatet 0/ Slack (sAora)...
the best exhibit in point of percentage of addition, Denver
increasing her figures of a year ago by 57-3 per
cent San Boston
Philadelphia
Francisco, 821, and Minneapolis, 296 per cent.
"ther business,
wd have
.spectively, in the
two
and $510,190,951, lea gain now of 136 per cent.
Bt.IiOBl«
NawOrleana
Estimated
1 dajr
Balance Country*^
Tuu4 week.
*
For the
full
all...
...
P.Omtt.
$
49-4
678.895 195
+19-0
t681,.388)
(931,888)
(-87-0)
(Be0.54Sl
(+81-8>
74.2»4,lb6
71,500.728
SS.199.818
10,811.346
47,672.000
18,B08,40S
11,602,988
+3 8
87.084.417
59.538.011
10.947.689
51.981.000
IS,8I6.48D
10,207,793
•ta-o
158.119,617
729,1"1,970
138.427.616
954.818,190
116,498,319
867.889.588
106,898,603
1.071. UO.Vm'
974.721. 1"4
"796J63T873
Total full week
f;i79,430,117
years, or
Sdays
5.
519.106,861
68,772,952
10,567.429
53.796.000
17.828.000
13,701,408
Baltimore
Total.
P. Cent
1886.
568.060.544
;
At New York the exchanges for the week record an increase
over the similar week of last year of 18-8 per cent. Share
transactions on the Stock Exchange cover a market value of
*49,344,(X)0,ag8inst$32,516,000for the week of 1888. Deducting
two and a half times the above market values from the total
New York exchanges to arrive at clearings arising through
1888.
t
New
Week Dnd'g Jan.
18.
+10-5
-a-3
-fia-8
+181
~4*2
week, based ou last -'"ek's relurog.
+14-2
+100
+89
->
»»
—0-T
-H'«
+86
+T7
-T7
811,930,515
171,008,487
+14-6
+19-7
885.903,008
117.434.104
+10»
M033H
in«
+14-»
-1-14-8
THE CHRONICLE.
48
[TOL.
They may begin before the
THE FINANCIAL SITUATION.
there
is
close
a possibility that they
may
of the
XLVin.
month.
Yet
not be made, securi-
rapidly tended towards an
ties going instead on account of the radical change in
flowbeen
our railroad situation, a consequence of the results of
Currency has
easier state during the week.
conseas
a
the conference of presidents and bankers on Thursday.
ing into our banks from every direction, and
dehave
rates
There are no new features to general trade. As for
and
quence their reserves have increased
bankers'
by
long
time past, merchants are doing a large business,
a
represented
On call, so far as
clined.
cent,
per
and
the margin of profit is often quite small. In
though
2
been
5
have
balances, the extremes
the
towards
the mild weather we are experidepartments
certain
renewals
with
cent,
averaging about 3 per
The money market has
With banks and trust encing is proving somewhat of a drawback, since it
4 per cent until Thursday, diminishes the retail demand for seasonable goods, but
when there was a drop to 3 per cent. These otherwise the situation remains as before. Of course,
now well supplied with funds, neither the iron trade nor our export business is in a
are
institutions
which of course they are anxious to employ. Time very satisfactory condition. The Iron Age reports that
close of the
week
companies the
at 3 per cent.
minimum was
by our own domestic lenders and
"by some of the foreign bankers, and the demand is good
from all quarters, the rates meeting the views of borLenders do not in general insist upon getting
rowers.
dividend-paying collateral; but the trust companies and
money
is
freely offered
the current output of pig iron is the largest in the history of iron making in the United States, there having
been a still further increase in both the anthracite and
bituminous furnaces 'in blast. If this increase in production were accompanied by good prices, there would
But with prices low,
Bome banks require first-class dividend stocks or bonds, be no reason for complaint.
and for these the quotation is 3^ per cent for sixty the continued augmentation of the output prevents
to ninety days, 4 per cent for four months, and 4i@5 any recovery and keeps the trade in a very unsettled
Commercial paper is state. So far as new railroad building is concerned,
per cent for five to six months.
again in good demand, especially at the East, but the there is not much chance for an extra demand for iron;
supply is not abundant. Eates are easier, and we quote the roads are suffering now from State Railroad Comexcessive new mileage, while
sixty to ninety day endorsed bills receivable 4|@5 per missions, and from
cent,
and
good
presidents this week
per
of
railway
meeting
acceptances
the
months
at
cent, four
5@5i
negothemselves
not
to
bankers pledged
single names having from four to six months to run 5^ the
schemes
parallelling
loans
for
any
more
cent.
new
per
tiate
@6^
least.
As regards our exports, the shipIn Europe also the tendency of money has been down- at
wards.
Somewhat unexpectedly the Bank of England ments of cotton are now on a pretty liberal scale,
minimum rate was reduced this week to 4 per cent from but in the case of wheat Europe will not pay existing
In one
5 per cent, at which it had stood since October 4th. At the prices and is getting her supplies elsewhere.
same time the rate at the Bank of France was lowered to 4 recent week not a bushel of the cereal wae exported
per cent from 4^ per cent, where it had also been since from the Atlantic ports, and last week the aggregate
the above named date. No change has yet been announced reached just 1,353 bushels, though in both weeks some
by the Bank of Germany, but the indications point to a small amounts of flour went out. We do not forget that
speedy reduction of the rate, as money is likewise growing many claim we have no wheat to export, but as there
easier at Berlin.
The latest London mail advices are 38 million bushels in sight (not to speak of the stocks
claimed that the Bank of England would probably in farmers' hands), and the amount has steadily increased
be obliged to maintain a 5 per cent rate, as till this last week, there would appear to be little basis
the
stock of bullion needed replenishing.
But for this claim. Probably later on Europe will get our
since the beginning of the year it has increased, and, supplies at her own price, as has so frequently happened
moreover, the open market rate has fallen away from before.
the
Bank minimum
;
as the
Bank could not
open market, the reduction was a natural
ably, too,
York
event.
London
is
which
at
soon,
The
three months'
now
moment
looking
the
cable reports
bank
bills in
control the
discounts of sixty days to
London
at
^
per cent
;
at
Paris the open market rate
is 3^ per cent and at Berlin
2f per cent. The Bank of England
gained £1,104,194 bullion during the week. A special
and Frankfort
The current
gi-oss
earnings of our railways continue
Prob- to give evidence of the large volume of business in
for gold from New progress.
For the first week of the new year the returns
seems a very likely thus far reported are very favorable.
Out of 27 comresult.
it is
cable to us states that this was caused
by receipts from
panies, only 6
show smaller
totals
than in the corre-
sponding week a year ago, and the result is a gain in
To understand what this
the aggregate of 8 per cent.
means, one must bear in mind that last year in the same
week there had been again of 13 "43 per cent (86 roads),
and the year before a gain of 17 '11 per cent (56 roads),
so that the present improvement follows upon very
the interior of Great Britain of £391,000, by arrivals
from abroad, principally " bought " by the Bank, of heavy totals.
well to
note, too, that
as
It
is
£763,000, and a shipment to South America of £50,000. regards the trunk lines the shipments of flour,
Our foreign exchange market has been influenced
grain, provisions, &c., from Chicago eastward continue
this week by the easier discounts in the open
market very
higher
rates
the
heavy,
notwithstanding
London, and latterly by the reduction in the Bank
of in effect, having in the late week again gone above one
England minimum. The effect has been an increased
In the
tons.
hundred thousand tons 103,664
demand for long sterling, the quotation being advanced
matter
on Monday one cent per pound, and yesterday
(Friday)
another half a cent per pound, making the
quotations
sixty days, and 4 89 for sight.
Bankers report bills scarce, and the
inquiry for
long has caused the advance in
commercial drafts
which stm appear to be promptly
absorbed.
for sterling 4 86 for
Gold
exports as an exchange operation are
now looked
for.
—
of net earnings there
is
as yet very little encour-
agement afforded. The latest returns (except in a few
minor instances) cover nothing more recent than November, and while some of the smaller roads are able to
show slight improvement, the larger systems, like the
Union Pacific and Burlington & Quincy, make very poor
The Burlington & Quincy statement in parexhibits.
icular (with a decrease of $370,905) has been a surprise.
Janqart
THE CHRONICILK
12, 1869.]
since the improved showing for the
month immediately
preceding ha<l encouraged hopes of continued good reRut it must not be forgotten tiiat for Noveml)er
turns.
the comparison with last year is not quite the same as in
other months; in these other months there had l)oen
heavy losses in 1887; for November of that year the loss
was only trifling (11,816).
Notwithstanding the important and favorable action
taken this week at the railway presidents' meeting, the
fluctuii^tions in the stock market have been unimportant.
The trifling effect following the conference on Tuesday
was attributed to the fact that no definite or final conThursday the whole
clusion had then been reached.
matter was arranged and a very comprehensive scheme
adopted.
The result was a better tone yesterday and
somewhat higher prices, but nevertheless considerable
hesitation was manifest and no very active speculation.
The reasons for this apparent apathy are attributed to a desire to see what the effect of the
new policy will be upon earnings before embarking
The
any active ventures.
in
cutting
of
49
Tlio (Ilvlston (Iwtween KoUl
and allver) (jiveii In oiir t»l)lo of coin and
Bank or Oerioany andllie Bank of BeUlum 1< miKlo from
I'HilrniitDwoarealiletoolitaIn; in nfllthnrca«e Is Itclalnii'U t<> !>«
ao<'urat<!,aH III >8C bunk* makn no dialluntlon in their weekly rnnorU
niir.'ly roiiortlng tlio total golil and silver; hut we believe tho division
we iiiako is a cIoh • apiiroxiniatlon.
NorK.—Wi! receive the above results weekly by cable, and while not
all of tho date x'von at the heid of the eohunn, they are the roturu
Issued nearest to that date— that Is, the latest rcporti-d Ugurea.
•
ImUlon
the
Id the
hi'Ht
REOROANIZINO OUR RAILROADS.
There
will,
no doubt, be disappointment
in
some
quarters over the results reached at the adjourned meetings of railroad presidents and bankers, held at Mr.
Many expected
chartered clearing-house, or a
leased control of competing roads having arbitrary legal
J. Pierpont
more
Morgan's house this week.
radical action.
A
power to make and unmake at will, has been a favorite
idea, and those anticipating such results may likely see
little force or duration to a compact or association
formed outside of Congressional authority. But in commercial and financial affairs there is a higher law than
statutes even, and it is always safe before we pronounce
has upon the strength of any institution to study the char-
rates
of course been a very serious disturbing feature, but at
acter of its reserve.
up among an increased number
of competitors. Another important event of the week was
the action of the Reading managers on the question of
paying interest on the three classes of income bonds. The
full 7^ per cent due for the eighteen months was declared
on the first and second classes and 2^ per cent on the third
preference bonds. The market however was very little affectedjthe action being variously interpreted There have
been some other favoring features, such as easy money,
a large return flow of funds from the interior, and the reduction of the official discount rates, both in London and
Paris, though on the other hand the rates for foreign
exchange here have been firm and higher. In the bond
market Erie seconds have been quite a feature at advancing quotations, while Gulf Colorado & Santa Fe second
6s had a break of about 12 points (over half of which
gatherings of that description
banks.
tion,
A first notable feature of these meetings is the parties
the same time the roads have another trouble to contend
attending
them, and the significant accord in all the
with, namely the large amount of new mileage built in
conclusions
reached.
It hardly needs to be said that
the last two or three years, and by reason of which business has to be divided
mean
business, not pa-
This fact has been most obvious throughout the
deliberations.
The purpose was apparent from the
outset to establish rates on a permanent basis, and to
allow no more wilful destruction of railroad property.
This single idea has been pursued, not with the least
threat or bluster, but with a persistent, quiet moderation indicative of a depth of earnestness that brooks no
interference, and under a full belief that the determination when reached would be effectual.
The consulting
parties were substantially all the heads of the competing
lines on the one hand, and representatives of the world's
capital on the other; while the aim was to fix a basis of
action acceptable to the Inter-State Commissioners and
in concert with the law, yet strong enough to hold fast
and enforce the powers needed. Of course this conhas since been recovered), on reports of a deficiency in summation embraces a variety of difficulties which would
meeting the interest, and rumors that the Atchison appall individuals less in earnest, or a body of men with
less potentiality.
But when the party that furnishes all
would make no further advances to the road.
The following statement shows the week's receipts new money needed, and the party that owns the old
and shipments of currency and gold by the New York money invested, and the party managing the corporarade.
.
meet, the result means revolution.
The word "revolution"
Week endina Jan.
Received by
Shipped hy
N. T. Banks. N. T. Bank:
11. 18S9.
Currency..
Total gold and legal tenders...
$3.330.000
Gain. f2,817.000
Loss.
572.000
1533,000
672.000
t3,3?0,000
Gold
I
Gain. t2.2 75.00
tl.105.000
With the Sub-Treasury operations the
Net Inttriar
Movement.
result
is
as
below.
Net Change <«
Into Banke. Out of Bankt,
11. 1889.
Bank
B«nksIntertorMoTement,a»aboTe' $3,380,000
Sub-Treasury operations
17.000.000
'
Total gold and legal tenders ..J (20,380.000
i
I
tl.106,000
la.OOO.'O)
tU.O'ft.OOO
Boldingr.
Gain. t2.275,000
Gain. 4.100,000
loaln. $11,375,000
Bullion holdings of European banks.
Jan. 10,1869.
Jan. 13,1888.
BanJaof
eoid.
Silver.
1
£
England
France
AuHt.-Hung'y
Netherlands..
Nat. Belgium*
Natlonalltaly
if it is
else
animus of management.
Heretofore, by general adpower in each corporation has
mission, the controlling
been wholly
selfish, bristling all
pose towards every other.
Week endino Jan.
Germany*
ment,
is a strong word, we are
can the result be ? An arrangeworth anything, covers a total change in the
But what
aware.
Tatal.
Gold.
£
£
20.470,060
20.470,060
40,035.317 48.976,008 89,011.325
28.678.000 U,S39.00ol 43.017.000
5.920.000 15.&)9.000 31,469,000
6.088.000 7.4S6.000J 12,524.000
1
3.661.000
l,»80,000i
3,841.000
6,848.000
1.085,000
8.033.000
1
1
Stiver.
lotai.
*
20.409,360
20.409.860
43.774,163 47.258.65 i
26.478,000 13,239,000
91.033.8»1
6 828,000 14,808.000
212il.000
4,05.3,000
B.171.000
12.224,000
»,607.000
6,983,000
1.849.0OO
4.046,000
8,101,000
1,118,001'
81)
717.000
109.-00.377 88.665.008i 198.365,385 lll.3aj.523 86.5«.«5S 19i!,731.181
Tot.preT.w'k. 108,636.14'; (j8.6S3.116! 197.323.263 110.94 l!.;i78 85.821.33.1 1U6.5H3,761
No
over with hostile pur-
right of territory, no set-
tlement of rates, no adjustment of business, stood for a
moment
as a hindrance to the insatiable craving of get-
ting business.
There
the freebooter
is
is
a certain state of society
tolerated;
there
is
when
a state of railroad
development when the system of each man for himself,
But as
without respect to word or method, is endured.
with the development of society new obligations and new
bonds spring up, so with the vast and varied growth in
railroad interests and property, a situation is reached
which demands that the ambitions of each road must be
subordinated to a union and comity in action which
community of interests require.
But obviously such a reform is more a condition to be
grown up to than a method by which immediate peace
among
railroads
is
to be secured.
In this practical world
THE CHRONICLE.
60
[Vol. XLVIII.
harmonious relations at once between brought into line again or suppressed. The influence
pugilistie indiriduality, and authority of the Board when formed can hardly be
overreaching,
an
with
companies
This the over estimated. The standing of the members of the
involves of course the use of suitable means.
itself be a power not lightly to be
gathered at these meetings knew as well as any association woxxld of
of ours, to establish
parties
one; yet they also
knew and
acted upon the knowledge
resisted.
But, in addition to that, every stockholder in
Europe and America will be likely soon to gather
around the Board, giving it proxies when asked for
or delegating to it any special authority which in the
was
thought
this
with
accord
in
Somewhat
described.
Board's opinion it might stand in need of. Besides, it
Cooley
Judge
of
remarks
the
made
hint
in
a very useful
that the means to be used can only be of suitable form
through changes which tend in the direction of the end
and reception
at the annual banquet
of the
Boston will substantially control the capital of the world.
Against its advice or opinion we do not believe a dollar
of money could be raised for any railroad enterprise;
no unfavorable opinion would be given by the movers in
Merchants' Association this week respecting pooling.
He expressed no opinion with regard to again making
that device lawful, but he objected most decidedly to
the argument used for its restoration, resting as it does
this arrangement except there was good cause, and conjustifidence in that fact will make its advice irresistible.
one
is
by
on the assumption that violation of law
expresses
it,
With, then, the stockholders of American roads
he
As
another.
fication for violation by
is
and
with the world's capital as its reserve backing this
this
subject
on
circles
railroad
in
"the sentiment
*' not only opposed to sound public morality, but it new institution, there need be no fear of a lack of
''necessarily tends to the
perpetuation of
the
very
strength to enforce
its decisions.
under which the roads are now suffering. Every
rail- INTER-STATE COMMERCE COMMISSION
<'man ought to be a law-abiding citizen
STATISTICS.
" road managers just as much as any other class of
It is marvellous how the scope and character of the
" persons. Violation of a law which has a just purpose
" in view, and especially of any provision of the law work which the Inter-State Commerce Commission has
" that is unmistakably just and right in itself, ought undertaken to do, is being enlarged and extended.
" to be odious.'' Then the judge goes on to assert When the act was passed it was apparent to all who
substantially that a citizen knowing of the violation, were familiar with railroad affairs that under the mulinstead of imitating it, ought to assist in bringing the tifarious duties assigned the Commission, and the vast
A merchant cheated by his com- extent of the field embraced, their task was not going
offender to justice.
*'
evils
—
AND
RAILWAY
hands the case and to be an easy one. But each day evidence multiplies
the proofs over to the public prosecutor; and if this plan that the undertaking is growing in all directions, and
which prevails in every other business was applied to that we have seen as yet only the beginning of a most
railroad management it would go far towards correcting comprehensive endeavor " to solve" the railroad problem
petitor does not retort in kind, but
the objectionable practices which are the bane of
rail-
road property now.
many phases.
The Commission has
in all its
this
week favored us with an
This sentiment is fully approved and in fact embodied advance copy of its report for the late fiscal year. Our
in the agreement now reached by these presidents and attention has naturally been drawn to that part of the
The Inter-State law is to be enforced, as Mr. report showing the work of the Statistician the latest
bankers.
Adams said, "both among themselves and against al] addendum to the office force of the Commission. Under
—
others."
it
The
should be;
"and
as
such
the 20th section of the Inter-State act, the Commission
he adds, "that it is a law, has the power to prescribe, if it sees fit, a uniform system
should bear with equal weight upon all," of accounts, and to require annual reports from all the
question was not whether the law was what
it is sufiftcient,
it
and that cannot be the case unless it is obeyed. So the
proper machinery is constructed for carrying out this
carriers
fix
subject to the provisions of the act, and to
the limit of time and prescribe the
manner
in
which
determination, preventing rate cutting either directly or such reports shall be made. Acting under the authority
indirectly and making the association a police force granted by this section the Commission devised a very
aiding and compelling in every way possible the execu- elaborate form of annual statement, and the first re-
Among
fiscal year ending June
having been received, they have been placed
understand, making requisite a ten days' notice for low- in charge of the statistician, who now submits his report
ering rates as well as raising them, and another punish- thereon.
The result is rather disappointing. The
ing not only the railway agent but also the shipper in statistician makes some extended remarks upon the
tion of the law.
State statute ih the bill
the amendments to the Internow before Congress, is one, we
turns in that shape, covering the
30, 1888,
case of rate reductions. With those provisions inserted, necessity of railway statistics to the public, to the railno road could vary the established tariff without sub- roads and to the Commissioners; but the statement of
jecting itself to the liability the law imposes.
Evidence only one company, namely the Northern Pacific, is
of it, if done, can easily be secured and the guilty party given in full, and as regards the general statistics these
punished; the same is true of the violations of any of are quite meagre and in most cases only partial. There
the other provisions which have proved most harmful to are just two complete tables in the report that is, two
the interests of the roads. To this work, the association
which cover all the roads in the country and there the
of presidents and bankers is now pledged, and in this
statements have been completed with the aid of Poor's
endeavor the Board will have the full and hearty assistManual and the Engineering News. The first of these
ance of the Inter-State Commission.
tables is simply an alphabetical arrangement of the roads
We have not the space here, nor is it needful, to in the United States, grouped under the names of the
recite further details of the agreement entered into
by operating companies; it will doubtless serve a useful purthe parties participating in this new organization.
On pose; the other,table purports to be a summary of raila subsequent page we publish a summary of the results
way mileage by States and territories, but as we shall
—
—
No doubt there will be difficulties in
enforcing and carrying out the terms— " kickers "
will
reached.
be met with, but we
feel
confident that they will
show below its facts are incomprehensible. The other
summaries cover only 120,000 out of 150,000 miles of
be road, and embrace a few regulation items, such as stock
—
JAWOARY
THE CHRONICLE
13, 1860.J
51
and debt, earnings, expenses and income, dividends to the unnecessary trouble, labor and expense of filling
them out in full? why not send out a smaller form, covand charges.
be
blamed
ering
the items for which space can be found? If the
ought
to
statistician
the
think
We do not
for the imperfect character of his exhibits, especially as reports are not to be printed at all, what excuse can
lie there bo for requiring such detailed and extended intlie report is stated to be merely a preliminary one.
The time formation as is now demanded?
has had many diffioulties to contend against.
The present statistician is evidently not inclined to
allowed him has been short, the work was new, and the
But the whole thing minimize his work in the least. He has some very farreturns were slow in coming in.
merely emphasizes the points we made when the form reaching plans which he would like to carry out. Wc
Wo then contended can find no warrant for the belief that Congress, in
of report was under discussion.
creating the Inter-State Board, intended at the same
that the report attempted to cover too much ground
too
many
difficult
questions
minutisQ required, too
many
much
were asked, too
details insisted
on
—so
tliat
time to create a bureau of railway
statistician
statistics, yet
uses the expression deliberately, as
if
the
no
The fact objection to it could be taken. He also has a clear idea
the scheme was likely to prove impracticable.
that though six months have elapsed since the close of of whiit Congress meant when it declared that the "cost
the period to which the statistics relate, and yet no " and value of the carrier's property, franchises and
comprehensive summary of them can be given, in a
measure confirms the correctness of the view expressed.
The roads were allowed till September 15 to file their
returns, but very few were filed before October, a great
many not till November, and some not till December.
equipment " should constitute one of the items required
of the roads in the annual return.
The Commissioners
evidently have many misgivings as to their ability to
comply with this requirement, and they make a forcible
presentation of the difficulties in the way.
But the
account for the delay (the statistician takes a somewhat different view of the mattheory of a wilful act of this kind being untenable) ter.
His position may be gathered from the following.
Satisfactory and coiiclu?ive Information on tlie cost of railways in the
except on the supposition that the labor and difficulties
United Stiitcs cannot h« obtained. But it may always be assumed, in
attending the preparation of the report, made earlier Interiu'ctlug a law, that the lawmakers did not design to impose any
*
*
tasks Willi h, from the nature of the case, are Impossible. *
It
Indeed, the Commissioners seem was manifestly the desire of Congress to assure it a trustworthy estireturns impossible.
There
is
no
otlier
way
to
to be of that opinion themselves, for they say that
" view
" in
of the radical changes in the system of account-
"ing necessary on the part
many
of
many
roads,
and
of the
were embraced upon whicli
"current records had not been kept during the year by
*'
the carriers, of the further fact that each carrier has
'*
had its own methods of bookkeeping and its own
*'
fact
'•
time for striking
that
topics
its
annual balances, and in view of
" the magnitude of the work involved
" the Commission felt: disposed to treat
"the time
of filing the
first
in
many
ways,
mate
of the relation existini; between the present woith of railroad
properly and its cost to those who are proprietors of it. » * ' » This
otllce, therefore, is placed under the legal obligation of making Inquiry
*
into the "cost and value" of railway property. *
as prelim
inary to such an investigation, the corporate history of railways iu the
United states must b(; written. Thi> steps by which great corporations
have arisen to their present power must be mad« clear. The process of
consolidation and tiio contracts entered into to consummatH consolidation must bo laid bare. Eve'y charter for the construction of new lines,
every law on the authority of which action lias been taken, every court
decree respecting insolvent roa<ls, must bo made to eoutributo all pertini nt information. Indeed, the facts locked in the minds of railway
presidents or corporation attorneys ought ti) be brought, to light. « • »
Whether or not this oltice shall enter upou the iuveitigation outlined, ia
for the Commission to determine.
The
statistician
now has an
assistant, a stenographer,
the subject of eleven clerks and a messenger, although his work
reports liberally."
be said to have only just begun.
If
in
may
addition to
We may go one step further and shcfr that the mere compiling 1,400 reports he should undertake the
work of compiling and publishing this extensive system investigation which he suggests, a separate building
of reports is a task well nigh appalling.
To make the would be necessary to furnish office room for his force.
But there is one other reason why we look with disfareports of any use they must of course be printed and
published.
They will be of no value if kept in a pigeon vor upon this proposition of an extensive bureau for the
hole in the office.
But the Northern Pacific statement collection and investigation of railway history and
which is given to exemplify the system of returns statistics. Work of this character is never so well done
required, covers 31 octavo pages in the volume before us. when undertaken by the Government as when managed
The Commission has had reports from 1,014 roads, rep- by private individuals. The statistician's own figures
resenting 130,000 miles in length.
The statistician finds shall furnish an illustration of this. He gives a table to
1,418 roads altogether in the United States, and though show the "length of line existing in each of the States
they are not all subject to the jurisdiction of the Com- " and Territories on June 30, 1888." The grand aggremission the aim is to get statements from them all.
It gate
of
153,781 miles is obviously very nearly
is not likely that every return would take as much space correct, since it agrees closely with the results reached
as that of the Northern Pacific, especially as some of by other parties.
But in looking at the details, we
the companies are not operating companies and there- find Illinois credited with 16,171 miles.
If there
fore make only financial exhibits.
But suppose instead is any such extent of road in Illinois, neither Mr.
of 30 pages the average should be only 10 pages, Poor nor the State Commissioners have ever been
then the returns of the 1,418 roads would require 14,180 able to discover it.
Mr. Poor's figures January
pages, or sufficient to fill over 28 volumes of 500 pages 1, 1888, were 9,601 miles.
On the other hand, Iowa is
each.
In this no allowance is made for the extended credited with only 3,496 miles; whereas the mileage
general compilations, which would necessarily be a fea- on January 1, 1888, was 8,323 miles.
Michigan is
ture of such an undertaking.
It is to be remembered, down for 5,100 miles; the total is over 0,500.
Ohio
too, that another year there will be added the state- is reported to have 9,614 miles, which is about 3,000
ments of a number of telegraph companies.
Who can miles in excess of the actual mileage. And so we might
calculate tlie labor involved in the mere preparation and go through the list.
Perhaps the table represents the
arrangement of such a vast mass of matter? Some will total mileage of the roads chartered in each State,
claim that the very statement of these facts is proof whether located in whole or in part in other States; or
]>ositive that the returns in full for every company can perhaps it means the roads having an office within the
—
not be given they will either have to be condensed, or State; but whatever the basis of tlie compilation, the
omitted altogether from the Commission's volume. figures are positively erroneous as an indication of
But if it is intended to abridge them, why put the roads the length of road in each State.
—
THE CHRONICLE.
62
[Vol.
has to be admitted that there
is
a
demand
XLVllL
for a change of
THE POLITICAL SITUATION IN FRANCE.
some kind, and that Boulanger has dexterously managed
the to put himself and to keep himself at the head of the
that
idea
the
favor
to
eeem
indications
All the later
Monarchists, imperialists, communists and a
in France. movement.
tide has fairly set in in favor of Boulangism
ac- large section of republicans are on his side, if not recogimportant
an
that
ago
weeks
of
couple
a
felt
It was
had been made by
when General Montandon,
quisition
the General and his friends,
then candidate for a vacant
nizing his lead.
What
and his friends are seeking
not so easy to see, and it is
seat in the Department of the Somme,
sympathy
the ultimate of the movegeneral
whether
more
than
doubtful
preftrence,' announced himself as in
a
of
favor
All that we know for
in
promoters.
ment
its
as
is
known
to
himself
with Ihiir views, declaring
a royalist
by
the Constitution by a national assemblyThe result of this
specially convered for that purpose.
for one of the
Boulanger
of
proposal
the
and
election,
the men in
inspired
have
seem
to
Paris,
for
seats
vacant
revision
of
it is
that Boulanger
as their ultimate purpose
certain
is
that
it is
they demand a frcsh expression of the
popular voice, coupled with the other
shall
be a revision of
the
demand
that there
Constitution by a
national
assembly elected by universal suffrage for that special
power with some alarm. A Republican Congress was purpose. It is difficult to believe that there is any general
and M. Jacques, President of the Council of the desire to overthrow the Republic. It was the deliberate
Seine, was agreed upon as the most likely person to run choice of the French people; it W8S not forced upon
them. In a great emergency the determination in favor
successfully against Boulanger.
It is undeniable that the Paris election is generally of the present form of government was quite as prolooked forward to as a test. Paris is not Trance, as it nounced as was the determination to resist the German
used to be; but it is still by far the most important centre; invader. If the object now is to make some radical
and it is in Paris undoubtedly where the pulse of France changes, yet to preserire the Republic, it is difficult to see
can be most satisfactorily felt. If Boulanger should be what great good will result from the triumph of BoulangThere will be a change of men but men being as
elected, the result will be felt over the whole country, and ism.
it is extremely difficult to resist the conviction that it will they are, the same difficulties, the same troubles, will be
held,
;
That the situation is likely to repeat themselves. If a constitutional assembly
fatal to the present government.
a grave one, the government is so fully aware that M. shall be elected, much will depend upon its action. It
Floquet was himself willing to go into the breach; but will be a power for the time being above all other powers
be
and the men who are recogLized generally in the country, and it will be well if, when it shall have
as
being represen'ative republic- done its work, it shall gracefully retire.
over
cans, the men who formed the Repub.'ican Congress
The outlook is somewhat uncertain. There are those
convened for the special purpose of giving the party who see Boulanger strutting as Dictator. There are those
the benefit of their wisdom, looked upon M. Jacques who see the monarchy restored under the Compte de Paris.
It There are others who see the Empire restored under the
as the more desirable man in the circumstances.
natural
enough for the Boulangis'.s to belittle heir of the House of Bonaparte. We are willing to
is
the choice of the Congresp, and to speak of M. Jacques Lelieve that France will come out of this fresh ordeal
his friends,
the
country
,
as
"too obscure a
ors
of
posed to lay
On
man
to rally the
vote of the
elect.
with self-respect and with dignity.
judgment we are not disany great stress. But we cannot wholly
Paris."
their
ignore the opinions of the public pres=, nor can
look certain unmistakable facts.
The Temps
we
over-
regr<.ts the
M. Jacques, but since he has been nominated
upon the republicans for vigorous action.
The
Liberie is opposed to both Boulanger and Jacques, declaring that Boulanger means " dictatorship," and that Jacques,
RAILROAD GROSS EARNINGS IN DECEMBER AND THE FEAR 1888.
selection of
In railroad history 1888 will be known as a decidedly
Nevertheless, we find for that year somewhat larger gross earnings than for the year preceding.
The length of road on which the results are based is
or the continuance of the present government^ -means
of course greater, but that is not the chief reason for
" anarchy." The Journal des Dehats takes a view similar
The real explanation is found
tlie apparent paradox.
to La LibertS, and advises electors to abstain from voiin"
in the fact that it is not the gross receipts so much aa
"We are not, however, left to the suggestions of news.the net receipts which have proved unsatisfactory,
papers for a knowledge ot the situation in France. Ai
though in special instances even gross receipts have
several recent elections, besides that of the Somme
been disappointing. As we shall show below, the
elections in each of which the test question has been the
volume of certain classes of traffic fell o2 decidedly;
desirability of a revision of the present Constitution, and
at the same time the railroads did a very large business,
by a Constitutional Assembly specially elected for the
in many, if not most, cases surpassing anything before
purpose, and in which men of almost all shades of opinion
known in their history. But the bitterness and strife
have come to the front— the results have been conclusive
among the lines in the West was also almost unsurpassed,
as to the tendency of the present current of popular
feeland it is for this that the year will always be distinguished.
ing.
Among the many and suggestive signs of the times
Rivalry and competition knew no bounds, and rates
not the least important was the decision come to on Mon
were reduced to a totally unremunerative basis for long
day by the socialists of the Department of the Seine,
who periods at a time. The effect is, that the same amount
calls
unanimously decided to cast their weight into the
Bou-
langer scale; and
those on the
we are not surprised
spot—men in every sense
to learn that
by
well qualified to
decision of the socialists removes the
result of
the approaching election from the region of
doubt and
judge— this
poor year.
now
of gross
earnings
volume
of business,
cost; the larger
represents a greatly increased
and hence an increased operating
mileage has also tended in that direction,
which there were some special circumstances and
conditions which during the year under review greatly
makes Boulanger's victory an absolute certainty.
Of added to expenses.
course there are always possibilities; and at this
distance
According to the detailed statement given in another
aU over-confident reports are to be received with a certain
part of this article, 103 roads have reported their gross
amoant of caution, Looktd at impartially, however, it
earnings for the year 1888 (including a few on w^ich
besides
January
THE CHRONK^LE
18. 18'».]
63
kept coming in, besides which certain classes of
had not been included in the October order. In
an
increase
November
the Burlington & Quincy reduced rates on
being
of
against $374,569,305 in 1887,
The
miles
of
road
packing
house
products between Omaha and Chicago,
per
cent.
three
about
112,050,927, or
represented was 70,912 in December, against 07,027 in order, as claimed, to meet the low rates between
In addition to Kansas City and Chicago, and in that and the succeedmiles in the closing month of 1887.
the fonrtli week of December has not yet been received)
and the total on these 103 roads foots up 1386,020,292,
still
'
traffic
companies have reported their figures for the ing month rates on passenger business in the Northwest
months ending November 30; among them are became pretty thoroughly demoralized. The clearingsuch large and prominent systems as the Pennsylviuiiii, house scheme appeared towards the end of November,
Union Pacific, Atchison, Burlington & Quincy, Central but was subsequently announced as having been abanthose, 38
^
eleven
New
Jersey, Central of Georgia, Chicago & Northwest,
& Omaha, Erie, Northern Central, and New
So it was not till the meeting of the Presidents
on Friday, December 21, that a convincing demonstraYork & New England. The 38 companies earned gross tion was afforded of the determination to keep rates on
In some cases notices
$243,078,555 in the eleven months of 1888, or $412,002 a remunerative and stable basis.
less than in the corresponding eleven months of 1887, of an advance had been previously given, in others they
But followed after the meeting, and hence for a time these
the miles of road being 33,027, against 32,929.
besides all these, 18 roads have furnished statements notices constituted quite a feature of the situation, the
for 10 months of the year (embracing the Philadelphia & higher schedule going into effect either with the first of
St.
doned.
Paul
Beading), with earnings of $50,720,555 against $51,100,- January or some days before.
operating 4,588 miles, against 4,503 miles.
Among the trunk lines, the situation as to rates was
With short crops the previous
Altogether, therefore, we have returns covering 109,127 also quite unsatisfactory.
890, and
miles of road, as against 105,059 miles in 1887, embracing
season, and increased competition on the part of the
Canada and roads running through New England, the ordinary
Estimating the December and November difficulties in the way of an observance of tariff
Mexico.
results on the companies which have not reported for schedules, were greatly increased.
There was more or
one or both those months, on the same proportionate less demoralization in freight rates, and one or two open
basis as for the preceding eleven or ten months, we reductions during the period of canal navigation.
The
would get a grand aggregate of gross earnings on the trouble as to immigrant fares led to a five dollar rate
109,127 miles of road of $712,074,703 for the full year between New York and Chicago, which remained in
in 1888, against $701,589,150 in 1887, or an increase of effect from August 10 till December 23.
Towards the
in both cases
a few thousand miles in
Mr. Poor reported the total length of close of the season for water navigation, west-bound
road in the United States at the beginning of 1888 as freight rates were advanced, but in November the New
not quite 150,000 miles, and the gross earnings on York Central made its now celebrated cut, which for
111,085,007.
130,980 miles which had
fiscal
made
returns to
him
for
the
or calendar years ending in 1887, as $931,385,154.
This shows what a large proportion of the whole our
returns embrace, and at the same time affords an idea
of the magnitude and
vast
extent
of
the
railroad
industry.
We
have already stated that the principal characterthe year has been the intensity of competition,
istic of
with the great reduction in rates that this involved.
the three years since January
1,
In
1880, not less than
28,500 miles of new road have been constructed in the
United States, being an addition of considerably more
than one-fifth to the length of line previously in exist-
was inevitable that this should lead to serious
it needed only the coincident
shortage of the crops to develop it in its most aggravated
form.
The bulk of the additional mileage lies in the
territory west and southwest of Chicago and St. Louis,
ence.
It
trouble sooner or later, and
and it is there that the contest for existence and
supremacy has been waged with greatest violence. All
through the early months the war went on, growing in
bitterness.
Towards the latter part of March some
kind of a settlement was reached, rates were ordered
restored, and it was supposed that thenceforward a more
satisfactory state of things would prevail.
But the
hope was not realized. Things dragged along in a very
discouraging way for several months, meetings and
conferences being held all the time which promised
much and yielded little or nothing. Finally a combined
and determined effort was made, and as a consequence
a substantial restoration of rates occurred October 10.
It was evident from the first that there was more energy
behind this move than had been the case with any of
the preceding efforts.
But the condition of things was
by no means
before.
satisfactory.
The
old spirit existed, as
Reports of cuts and violations of the agreement
the time being unsettled everything.
The
pressure
brought to bear upon the companies being very strong,
this open warfare did not last long, and on December 17
(the requisite notice having been given, in conformity
to the Inter-State law) west-bound rates were restored
to the old figure, and east-bound rates advanced, even
the live stock and dressed beef difficulty being settled.
A few days after, the immigrant fare to Chicago, which
as stated above had for a long time been down to five
dollars, was raised to the old figure of $13.
Among special events having a general or local
bearing in diminishing earnings or increasing expenses,
there were quite a number.
At the beginning of the
year came the great strike of the Philadelphia & Reading
miners in the Schuylkill region. This continued through
January and a good part of February, and as a result
the Reading sustained a loss in net revenues which has
The weather constituted
not even yet been recovered.
first in January and then again in
quite a drawback
March. The January blockade was not confined to
—
western roads; towards the close of the month there
were some very severe storms, from which all our
northern trunk lines like the New York Central and
the Lackawanna and the roads in the New England
In March we had the
States suffered considerably.
which interrupted traffic on all the roads for
two or three days, and on some almost for the entire
week.
In March there occurred also the strike of the
Burlington & Quincy locomotive engineers, which
completely crippled the Quincy for a time, and
paralyzed other roads and industrial activity in general.
In September and October came the visitation of yellow
fever, and the resulting wholesale quarantines, the effect
of which was to stop the running of all trains for the
time being on some Southern lines. The Presidential
canvass as it neared its close likewise operated as ft
blizzard,
5
THE CHRONICLE.
54
check
and industrial
mercantile
on
new
falling off in
activity.
constituted an
through the year, not
Fbmr,
construction
of
OMcaon—
4 wka. Dec. 1888
4 wks Dec-, 1H87
Year '88— 62 wks
Year '87—52 wks
a
In the tonnage of agricultural products there was
some
there
sharp falling off, though of course here and
This statement
exceptions to the rule are to be noted.
cotton there
In
grain.
applies both to cotton and to
account of
on
year
the
of
quarter
was a loss in the first
in
the last
loss
and
a
crop,
old
the
a falling off in
sluggish
and
backwardness
the
of
account
quarter on
crop
was
the
new
slow
So
crop.
new
the
of
movement
in coming to market that in September there was a
contraction as compared with the corresponding month
Taking the year as a
in 1887 of over 350,000 bales.
whole, the gross shipments overland in 1888 were only
1,366,060 bales, against 1,488,667 bales in 1887, while
the receipts at the^Southern ports foot up 4,967,060
bales, against 5,323,633 bales.
The
loss in
receipts,
it
will be seen, occurs chiefly at Galveston and New
Orleans, notwithstanding that the same points gained
quite considerably in December.
KBOEIFTS OP OOTTOH AT SODTHBRN PORTS IN DECEMBER. AND PKOM
JANUARY 1 TO DECEMBER 31. 1888, 1887 AND 1886.
rear.
December.
Bl Paso, &c
Mobile
1886.
1888.
1887.
1888.
185,782
2.100
99,763
155,165
«H,435
695,581
757,515
405.075
52,025
327.632
42.671
7.463
139,204
14,010
429,894
1,714,199 1,835,317
l,7.'il,661
2.101
Florida
3,883
62,285
100,351
214,146
6,578
8,931
27,751
117,693
8,481
80&,2B3
866,494
06.456
381,863
13,893
148,861
51,079
380,780
&e
143,293
16,512
68,633
3,651
70,765
72,910
Port Royal, 4c
1,639
8,413
31.287
26,388
1,178
90,697
97,608
27,293
Brunswicli.
Washington, *o
Kortolk
Point.
4c
1,280
90,019
8S.S57
Total..
1,140
102,110
67,670)
910.009 1.08).031i
248,089
31,534
860,475
27,285
448,93i
16,330
19,151
170,406
140,708
3,672
493,395
4,422
8,920
493,012
476,828|
464,709
507,882
298,603
4,9b7,060!6.223,033
6.177,235
Wlitat,
(buah.)
(btls.)
materials.
bales..
XLVni.
KEOEIPTS OP FIXJUB AND GRAIN FOB FOUK WKBKS ENDED DECEMBER 29
AND SINCE JANUARY 1.
The
indirect
material to be carried, but in various other
material
raw
the
of
quantity
the
ways, such as reducing
—which perchance has to be hauled a long distanceconstruction
needed in the manufacture of the
GalTeBton
[Vol.
railroad construction
unfavorable feature nearly all
only in diminishing the quantity
We«t
7
4
Dec,
188i
wks. Dec, 188'
Year '38-52 wk:
Tear '87—52 wks
St. Louts—
4 wks. Dec, 1888
4 wks. Dec. 1887
Year '88— '2 wka
Year '87—52 wks
Toledo—
4 wks. Dec.
4 wka. Dec,
Year '88—53
Year '87—53
Detroit—
4 wks. Dec,
4 wks. Dec.
Year '88-53
Ye.ir '87—52
Bariev,
(bwh.)
1»1,<)00
701,250
409,105
2,960,000
6,128.s;8«
82,410
46,222
828,908
244,928
820.011
916,22!
7,796,523
0,172,842
218,940
203,000
71,730
1,158,710
9i7,63b
2,S6!-,936
5,105,536
49,690
69,550
881,724
1,046,627
269,388
245,861
4,305,620
1,920,303
729.770
707,47 5
1888
1887
wks
wks
30^6
19,524,M4 10,115,3451 3.034,310
13,607,182
10,052,010
«,42i,336
2,931,882
426;146
234,096
266,063
832.890
67.707
2.670,637
1,837,718
34.138
14,737
429,060
8,740
27,600
63,68S
280,379
115,100
61,341
2,as«,ioi
1,414,590
121,660
178,061
742,&a2
1,212,031
147,908
135,819
2,039,786
84,79!':
8,470
2,808
3'i6,755
32.1560
l,»87,Vll»
331,814
16,865
889.000
],148,5i0
604.800
8,428.550 14,537.^80
7,814,090 11,628.931
174,000
132.500
77,000
32,960
565,800
331,541
9,B81,03'
11.562
17,230
214,053
193,351
3n».6,S5
7.059,Oil
7,470,56'
218,9fi5
7,5',i5.761
321.601
235,662
06.934
192,"28
2.767.859
2,920,871
6,250
7,H0O
124.678
81,007
61,292
52,500
1,60«>457
l,13s,925
2,985
442,291
3,818,466
8,038.666
17,148,837
22,i(12
.
2,'*3.7S1
1,691,400
1,215,477
17,735
454,783
456,414
12.1H3,;7ll
7.479
25.424
151.570
284,063
23,659
Ityt,
(busk.)
249,037
90,174
2,654,637
846,700
153,794
100. 160
2.379,450
2,825,093
wks
wks
I
7.241.374 4.289,284 1.910,151
S,424,5S; 2,2^«,99:i 1.292,477
69.0H3,47u 51,998.223 12.030,614
51,528,217 40,300,21 12,109,407
644,889
1,697,247
13,194,8i5
21,414,483
1888
ie87
CUvdanti4 wka. Dec, 1838
4 wks. Dec 1887
Year '88—52 wks
Tear "87-52 wks
Peoria—
4 wka. Dec. 1888
4 wka. Dec, 1887
Year '88-52 wks
Year '87—62 wks
Duiuth—
4 wks. Dec, 1888
4 wks. Dec, 1887
Year '88—62 wks
Year '87— 6S wks
OaU,
amah.)
269,048
7J2,411
6,030,030
6,572,303
MUwaukee—
4 wks.
Com,
(Mm/>.)
315,211
73,001
1,093,814
1,6(-9,3;S6
80,133
133,460
784,812
943,023
842,900
1,418,781
45,076
1,114,766
869,150
Totat of a«2,921,902 13,573.001 B.501,980 3.410.200
521,955
4 wks. Dec, 1S&3
7,027.H93
6.842.310 3,995.165 2.,689,635
074,83'
4 wks. Dec, 1887
0.210.880 4,0:i7.783 2,202.259
5,766.75"
906,132
4 wks. Dec. 1886
Year '83— 62 wks 11,750,495 60,042.939 103.341,816 85,158.116 •23,4b0.0;0
Year '87— S2 wks 11,956,473 S2,458.al8 80,082.141 i:,611,078 2^,940,220
Yea r '86— 2 tiks 9,400,923 82,282,080 94.921,50' 63,10B,79«'21,851,005
12^8
10,^60
172314
169,802
447,040
211,390
132.640
4,678,883
1 ,893,932
2,190,058
1
NOTE- Receipts at Minneapolis not Included in the abore table were in t,bo
four weeks this year 4.197.070 bushels ol wheat, against 3,950,400 bushels for
the like period of 1387.
It may occasion surprise that the corn movement
should show such a decided enlargement, notwithstanding the poor yield of the cereal in 1887, and the new
(1888) crop of course not counting for much in the
movement.
But
in the
first
place the arrivals in the
In the second place
were high most of the year,
cash corn in Chicago touching 60 cents in May, and
scarcely ever ruling much below 50 cents in the whole of
Such prices must have been a
the first seven months.
previous year had been quite small.
prices
prevailing
great inducement to the farmer to market his supplies
Then after the
rather than devote tliem to other uses.
In the grain movement the roads suffered both from new crop began to grow and the prospects of a heavy
the short wheat and corn crops of 1887, and the short yield became assured, the stock of old corn remaining
wheat crop of 1888. The effect is especially marked in the was naturally sent forward without hesitation, even
case of the wheat receipts, because so large a proportion though prices then had declined, the close at Chicago
is consumed off the farm or exported,
and therefore a change in it is readily traceable in the
movement both at the primary markets and at the
seaboard.
At the principal lake and river ports of the
West (not counting Minneapolis) the receipts in 1888
were only 60 million bushels, against over 82 million
bushels both in 1887 and 1886.
This contraction as we
shall presently show is mainly in spring wheat.
But on
of that cereal
on December 31 being only 34 cents.
We have remarked that the falling off in wheat at
the Western markets has been principally in the spring
As evidence of this we have the fact that at
variety.
Duluth the arrivals have been only 8 million bushels,
against over 17 million bushels in 1887, and further the
The receipts at Chicago
loss at Chicago and Milwaukee.
stand at onlyabout 13 million bushels, against 21 million
the other hand, the decline at the seaboard cities is even bushels, and the decline is entirely in spring and not in
more striking, the receipts for 1888 reaching only winter wheat. Thus of spring wheat the inspection in
39,177,045 bushels, against 85,682,217 bushels in 1887. the twelve months was only 12,09D cars, against 30,878
At these seaboard cities there was also a considerable cars, while in winter wheat there was an increase, the
decrease in flour, the arrivals having been 1^,386,185 inspection comprising 14,468 cars, against 10,167 cars.
barrels, against 15,669,047 barrels in 1887.
wheat has been
in part offset
by gains in
The
loss in
com and
oats;
nevertheless, the aggregate receipts for all the cereals
(not counting flour) stand at only 135,728,134 bushels,
have had
augmentan
by
counterbalanced
account
on
this
their loss
ed movement of corn, but others have not had this
Some
of the roads in the spring- wheat sections
Taking all the cereals together, the receipts
advantage.
against 178,081,014 bushels in 1887 and 198,421,031
at Chicago have been much above those of either of the
bushels in 1886. At the West, the loss in wheat has
two years preceding, though in flour there is a falling off
been more than overcome by the gains in other cereals.
These facts are clearly brought
of half a million barrels.
Thus the corn receipts have increased from 80 million out in the subjoined exhibit. This statement covers the
to 103 million bushels, and the oats receipts from 72 to
full year, while the statement further above relates to
85 million bushels, while there have also been smaller the 52 weeks ending December 29, as stated in the head
gains both in barley and rye. The following affords full
The present statement also shows the provisions
lines.
details for
December
as well as the year.
and
live
hog
receipts at Chicago.
.
.
January
.
THE CHRONICLE.
13, 1880.J
St. Paul
BEOEtPTS AT CIIICAOO DURING DECEMBER AMD FOR THE YKAII.
1888.
1888.
3l,3»4,W)3
18,0(12,118
8,081,233
61,585,778
82,417,138
3,009,151
52,041,888
46,648,809
89,957,505
67,102
2,671,905|
846,444
12,171,002
12,685,518
1880.
2,083.657
Whent. biuh
7S8,«C8
1.881.489
Corn., bush.
Oats... bush.
7,9«0,M8
3,803,684
4,544.8HS
8,665,815
Rre....bush.
Barloy.buah.
SW,8C8
99,011
2,043,886
1,457,571
l,448.f5l
TotuI Kruin
Flour... bblii.
15.510,727
Porli...bbl».
B.Wlr
8,470
8Sl,5t8
15,466
18.8a*,088
0.584,608
601,670
Cat m'M.lbs. 20,871,760
Lard.... lbs.
13,004,684
LlTatiowNc
447,076
Tho
42,621
76,117
44.4'JO
24,671,878 ]4e,e04,lS2 213,849,720 164,307,1118
13,713.885 71,305,800 83,473,644 87,1134,348
22,714
tlie late
4,021,712
830,298
cliiinges in provisions
every case against
038,.V)5
11,186.174 149,892,515 131,589,096 181,090,8:!fl
0,026,624
0,668,069
4,108.010
61S.991
9,8'
2!?4,835
12,008,968
and
5,469,081
live stock
0,-18,781
have been
Thus only 42,531
year.
in
The Denver & Rio Grande Western on
hand and a few of the smaller northwestern
systems, like the Wisconsin Central, Milwaukee &
Northern, and Chicago St. Paul & Kansas City, are
able to report improved results.
Among tho newer
tho other
roads in Texas and the Southwest with a larger mile-
Arkansas & Texas, the Fort Worth & Denver,
and the San Antonio & Aransas Pass, have likewise done
well.
Tho following is a comparison on a few of the
larger systems in the Northwest for six years.
age, the
bbls.
Boadt.
of pork were received, against 76,147 bbls. in 1887: only
147 million
lbs. of
71 million
lbs.
eutmeats, against 213 million; only
With
so
t
Bur. C. Hap. A Nor. 8.883,775
Central Iowa
1,381,262
1887.
1H86.
t
3,0<- 5.983
t
1888.
1S84.
1883.
*
«
t
varied influences and circum-
natural that in the later
Totals for year 41,2e6.';31 41,046,645 39,510,38ll39,43:,S61 39.081 ,254 39.239,689
of lard, against 83 million;
many and such
1888.
2,933,309 .1,093.514 2,796,459 2,816,772
1,352.526 1,323,625 1,307..37^ 1,448,28S 1,892,587
Ohio. Mil. A St. P. 24,863,000 25,360,124 24,718,403 24,413,273 23,470,99S 23,659,823
Minneap. A St. L.
1,374.522 1,491.388 1,549,610 1,714,752 1,731,02; 1,822,873
Duluth- 1,479,251 1,094.310 1,558,086 1,.'381,212 1,317,315 1,328,628
St. Paul
St. Paul M.AMao. 9,284,921 8,736,304 7,427,339 7,521,138 8,314,197 3,8811,095
and only
4^921,712 hogs, against 5,469,651.
stances to contend against,
& Mem-
suffered a considerable reduction of
all
their revenues.
1887.
13,244,458
60,837,993
1887.
Duluth, and Kansas City Fort Scott
(&
phis have also
r«ar.
Becmiber.
1888.,
65
it is
A
months, when comparison was made with very heavy
The Eastern and Western trunk lines have as a rule
earnings in 1887, our monthly aggregates should have
sustained heavy losses, though the Erie for the eleven
shown less favorable results than in the earlier months, months
shows a small increase an^ the Pennsylvania an
but it is somewhat surjirising that there have been only
improvement of over 2^ million dollars. On the seven
four months altogether with a decrease, as below.
roads given below the loss for the twelve months
reaches
Earning.
Mtle4ige.
Ptriod.
January (101 roads).
February (109 roads)
.
60,842
57,711
5K,l«0
21,673,019
60,521
67,«03
64,210
58,081
57,915
01,140
68,567
57,300
62,845
59.821
25,183,107
23,556,242
60.805
68,167
01.^52
61,519
04,214
60,023
60,247
65,703
May (lOJ roads)
Jane
1887.
MUet.
01,769
0S,«31
March (107 roada)
April (106 roada) ....
.
1888.
MUet.
(104 roads)
July (102 roads)
Aofcust (111 roads)..
Sept'ber (103 roads).
October (100 roads).
NeTCmb'rdO? roads)
DeoemberdO iroads)
<i2,675
1887.
Increase or
Decrease,
(
22,118,090
27,739,727
25,171,704
23,365,484
29,308,132
28,118,305
29,448,05>
29,001,800
27,075.408
t
20,873,496 Inc,
790,523
20,210,253 Inc. 1,907,837
28,108,653 Dee.
023,746
22,814,006 Inc.
742,230
20,233,317 Inc. 1,480,410
992.107
24,179,507 Inc.
24,519,470 Inc
28,600,892 Inc
846,008
041,240
23,690,325 Dec.
572,020
20,324,475 Inc.
12':,5S3
31,159,988 Dec. l,!»f,3aa
27,206,94Slflfc.
Central and the
Grand Trunk supplying a million each, and the Michigan
Central and Lake Shore another million between them.
1833.
1888.
1887.
$
1885.
«
2,010,408
Oln.W. ABalt.
2,078.373
2,238,004
C,
7,881,339
L.S.A Mloh. So. 18,033,936
8,060,008
18,71",063
15,83!),455
Gr.Tr.of Can.S 18.462.101
19,511,171
17,153,225
M.C.&Can.So.
N. Y. C. & H. H,
13,710,000
14,164.490
12,205,8i8
35,283,684
3,848,C80
30,290,1 24 t32.6ol.015
CCA I
Ohio AMhs...
130,400
The roads which as a class have done better than any
others are the Pacific or trans-continental roads.
These
New York
over 4 million dollars, the
Total...
*
i
4,123,385
90,001.413 103,105,025
.
7,190,936
3,827,831
«
1,705,270
1834.
t
1,851,306
6,644,177
1883.
«
1,989.867
7,421,478
14,l.-!3.30fl 14,813,584
18.513,836
15,181,807 17,009,045 '19,099,942
10,707.394 11,859,0; 71 11,009,787
24,405,873 27,044,711, +33,770,722
3iK79,015 3,702.9591 4,250,161
6,411,415
90,O83,H0a 76,2»4,910'82,758,0aii 09,065.t88
Additional road taken into system,
West Shore Included from this time on.
+ Year ending -September 30.
i Fifty-two weelM.
Among other roads, the Wabash system, both east
have been at peace, and have had few unfavorable influ. and west of the Mississippi, shows a heavy
reduction.
ences to overcome, so that they have been in position to Many of the smaller
systems in the Middle Western
enjoy in full the benefits of the development of Pacific States have likewise done
poorly, though on the other
coast territory.
The Southern Pacific has a gain of hand there are some prominent exceptions, like the
over 7 millions and the Northern Pacific a gain of over Eastern Illinois, Chicago
& Indiana Coal, Columbus
4 millions, and the Canadian Pacific an increase of 1| Hocking Valley & Toledo, Lake Erie & Western,
millions; the Union Pacific for eleven months of the AVheeling
& Lake Erie, etc., etc.
year has an increase of over half a million, and the
Southern roads are able pretty generally to report
Oregon Navigation for eleven months an increase of an increase, notwithstanding the yellow
fever and the
over a million.
smaller cotton movement ; where there is a loss it is
The anthracite coal roads have also had a prosperous usually small, that of the Memphis & Charleston being
year, as the output has been very largely in excess of any
about the only exception to the rule. The Norfolk &
previous year, and the companies were able to market Western has an exceptionally heavy
gain.
From the
the product at good prices.
Neither the Lackawanna' following some idea can be obtained of how largely
the Delaware & Hudson, nor the Lehigh Valley, makes
Southern roads have added to their earnings in recent
monthly returns; the Heading and Central of New years.
Jersey do, but have not yet reported for the full year, so
do not appear
Central
New
our detailed statement below. The
Jersey for eleven months is $1,768,065
ahead in its gross earnings.
The Heading, however,
owing chiefly to the strike, is nearly 1 1-5 million behind.
Among
the soft coal roads, the Western New York &
Pennsylvania has a large increase, and the Buffalo
Eochester & Pittsburg an almost equally heavy decrease.
In the Northwest and Southwest the falling off is
very
heavy.
RoaOs.
in
Among
the
roads which have as
A 8.WCln.N.O.ATci.P.
E.Tenn.Va.AG8..
Ches.OhIo
LonlsTllle
1887.
1888.
t
(
t
1,009,382
8,624,400
2,001,783
1,713,326
3,377,552
2,883,17l' 2,681,517
2,65S.l«5l 2,847,343
6,607,470
5,329,460
4.283,218
3,9»3,622i 4,144,275
1
1
1885.
1884.
*
«
4,120,437
t
1,374,(M6
1,571,168
1883.
1,322,458
Nash. 16,025,342 18,C42.17« 13.978,548 13,873,044 13,662,417 14,169,267
Memphis A Char..
Mobile A Ohio
Norfolk A west.
RIchm. A Danv.
Va. Midland
Total
•
yet
A
1888.
+1,570,403
1,740,550
2,506,714
2,579,014
..
4,871,38')
..
4,587.600
1,817,134
1,444,638
1,S3«,819
4,254,794
4,3J1,121
S,252.05«
2,771,121
2.711,158
4.Q6V.22&
3,971,630
8.873,728
8,818,778
3,845,168
1,675,438
1,568,892
1.653,609
1.800,098
1,686AB3
1,488,683 1.304,310
2,231,339 •2,067,381 •2,160,412 •2,3«6,642
42,729.605 41.31)2.465 S5.424.407 83,788.<I74 33,482,069 .M,10a403
Not InoludlnK the
+ Fourth
St. l.ouls
week taken same as
A Cairo.
last year.
reported for only eleven months the Atchison loses
As to the results for December, it is sufficient to say
$3,700,000, the Quincy almost $3,800,000, the North- that tho small decrease shown is due chiefly to the fact
west over $1,000,000, and the Omaha nearly $400,000. that the month contained an extra Sunday in
1888; outFor the full year the St. Paul is about half a million side the losses reported by the New York Central, the
behind and the Missouri Kansas & Texas over a million. Cleveland Columbus Cincinnati & Indianapolis, the
The
St.
Louis
&
San Francisco, Denver & Rio Grande,
Denver
&
Rio Grande, and the Milwaukee
&
St.
Paul
——
——
6
. .
.. ...... ...
. ...
. ..
.....
THE CHRONICLE.
56
and the gain by the
important changes.
Northern
Pacific, there are
[V.L. XLVIII.
few
GROSS EAKKINOS AND MILEAQE IN DECEMBER.
Mileage.
Gross Earnings.
Name
of Jioad,
& Pacific
Buff. Rocli. & Pittsb.
Burl. Ced. fiap. & No.
Atlantic
& Chic.
Canadian Pacitio
&
Cape Fear Yad. Val.
Central of Iowa
•Chesapeake & Olilo.
Ches. Ohio & Sou thw.
Chicago <fe Atlantic.
Chicago & East 111.
—
Cairo Vine.
Cblc.
&
Ind. Coal
Chlc.MUw. &St. Paul.
Chicago
&
Ohio Klver.
Chic. St. P. <k Kan8.C
Chic. & West Mich.
Cln. Jackson & Mack
. .
Cln.N.O. &Tei-.Pac.
Alabama Gt. South
N. O. & North East.
Vioksb. & Meridian
Vlcksb. Sh. &Pao...
Cln-Blch.
&
Ft. W...
Cln. Wash. &Balt...
*Clev. Akron & Col. ..
Cleveland
&
Canton
Clev. CoJ. C. & Ind...
•Cleve. & Marietta..
Ool.&Cin. Midland..
Ool.Hock. V. &T0I...
Deny. & Kio Grande
Denv. & R. G. West..
Detroit Lans'g & No
East Tenn. Va. & Ga.
Evansv. & Ind'uap's
Evansv. &T. Haute..
Flint & Pere Marq.
Ft. W. &Denv. City
Gr. Rapids & Ind'a..
.
Other lines
tQrand Ti-unk of Can
Eumeston & Shenan
Ind. Dec. & West
,
Kanawha & Ohio
•Kan.
•Kan.
C. Ft. S.
C. Clin.
& Mem
& 8p.
Kentucky Cential.
'KeoKuk & Western
•Klngst. & Pembroke
Lake Erie & Western
Lehigh
&
Hudson...
Rock
Long Island
•Little
& Mem
L0U13. Evans. & St. L.
Louisville & Nashv.
Loulsv.N.Alb. &Chic.
Louis. N. O. & Texas.
Marietta Col. & No..
•Memphis
&
Chai-'tou
{Mexican Centrai
JMexican National...
IMexican Railway
Milw. L.Sh.&West...
Milwaukee & North
Minn. c& St. Louis. ..
Mo. Kan. & Texas
Mobile* Ohio
K.Y. Cent. & Hud. R..
New York A North'u.
H.Y.Ont. & West'rn..
Norfolk cfe Western. ..
Northern Pacltlo
Ohio & Mississippi.
Ohio River
Ohio Valley of Ky...
Pittsburg & Western
Prescott & Ariz. Cent
tRlch. & Alleghany
Blchm. & Danville..
Va. MliUand Div..
. .
.
Chart. C. <feA. Div.
& Greeuv. Div
W^estem N. C. Div
Wash. O. & W. Div
Col.
Ashev. <St Spar. Div
8t.L.A.&T.H.brch8..
Bt. Louis Ark. & Tex
Bt. Louis & San Fran.
Bt PaiQ&Duiuth...
St-PaulMiuu. & M..
Ban A. & Aran. Pass.
Bhenandoah Val
Staien
It laud
R. Tr...
Texas&Paciao
Tol. A. A.
&N.
Mich..
T0I.& Ohio Central...
ToL Peoria & West
.
Tol. St. L. & Kau. City
Valley of Ohio
Wabaab Western
Weab N. Y. &Pcnn...
Wheeling & L. Erie.
Wisoonsui Central.
.
. .
Total (103 roads)
't
Increase ot
Decrease.
1887.
1888.
Dec., 1880 (18 roads)
Dec, 1881 (65 roads)
Dec, 1882 (es roads)
Dec, 1883 (57 roads)
Dec, 1884 (69 roads)!
Dec, 1886 (M roads)|
Dec, 1886 (97 roads)
Dec,18S7;n4 roads^
Dec.,1888 (103 roads)
1887.
818
+ 83,141
294
—27,515
-1,478 1,046 1,046
267
267
—1,996
-4,741 4,660 4,481
234
220
+2,419
510
510
—10,854
502
502
+1,116
398
-21,184
398
269
269
+2,341
256
256
+3,774
146
146
+3,870
—244,269 5,670 5,568
86
86
+3,560
790
566
+41,497
414
414
+4,298
346
305
+7,014
336
336
+21,400
—125
295
295
196
196
+27,881
143
143
+9,193
—4,243
170
170
—2,507
86
86
—31,669
281
281
194
14-1
+4,940
160
160
+ 3,196
—100,700
738
738
—3,625
106
106
—8,539
70
70
-13,529
325
325
—103,834 1,467 1,461
369
+25,575
369
-1,199
323
268
-14,044 1,143 1,098
153
138
+3,799
—5,341
156
156
—5.322
363
363
+26,339
450
277
—10,578
440
440
32
32
+2,455
—32,713 3,419 3,419
—2,420
96
96
152
152
+ 11,033
—2,580
129
129
671
671
+ 18,456
163
103
+1,379
254
254
+ 8,83(;
1,455,165
17,420
32,391
24,270
262,821
14,030
81,137
21,175
8,483
—267
+347
161,879
15,293
63,477
216,205
211,212
75,914
100,298
1,436,365 1,449,562
172,648
167,597
314,467
300,105
8,624
6,773
137,205
151,143
458,887
540,0,1
245,7^6
174,049
317,021
310,576
185,381
181,323
92,322
84,317
111,500
126,414
570,556
575,124
302,930
259,677
3,000,851 3,229,021
40,177
42,542
118,540
119,485
381,508
371,344
1,462,620 1,181,773
378,218
345,919
44,252
35,881
11,940
11,771
170,943
172,377
11,714
8,639
74,707
41,903
422,025
413,607
148,500
141,346
87,600
85,835
60,800
6:, 278
61,025
52,542
10,400
9,700
9,900
8,500
84,551
89,359
347,490
291,42
516,938
540,747
81,200
132,981
858,050
905,264
97,124
69.041
63,000
71,223
55,000
50,667
674,H14
663,911
68,107
47,543
88,028
110,210
73,1K6
81,589
76,958
40,S78
54,576
52,S84
524,007
523,138
254,500
237,131
75,452
70,386
279,081
278,189
+30,892
+5,774
—14,154
+4,993
148
115
592
63
135
360
- 24,384
278
- 13,197 2,256
+5,051
+ 14,062
+ 1,851
—13,938
-81,169
+71,687
+6,445
+4,058
+8,005
— 14,M14
537
514
40
330
1,236
1,217
293
592
303
351
-4,568 1,386
+43,253
687
—228,170 1,420
—2,365
58
-915
320
+10,164
554
+280,817 3,498
+32,299
616
+8,371
211
+ 169
98
-1,434
367
+3,075
73
+32,804
252
+8,418
797
+7,l.'i4
355
+1,765
373
—478
296
+ 8,483
290
+ 640
50
+1,400
70
-4,808
2)2
+56,063 1,262
—23,809 1,329
-51,781
230
-47,214 3,024
+28,083
413
-8,223
255
+4,333
21
December
..
22,681,192
22,718,060! Dec.
45,685
57,817
19,883.941
60,583
59.831
29,233.812
19,331,811 Inc.
552,130
26,727,786 Inc. 2.433.265
26.277.240 Inc . 2,056,403
27,075.488
27,205,918 Dec.
2{),161.0;i
36,888
130.460
EvansviUe & Indianap.
Evansv. &T. Haute
Flint & Pere Marquette
F't Worth & Denv. City.
Grand Rapids & Ind
Other Hues
(Grand Tr. of Canada
Ind. Dec.
&
Shenaui\'li
& Western
•Kingston & Pembroke
Lake Erie & Western
Lake Shore & Mich. So
Lehigh & Hudson
•Little Roek & Memphis
Long Island
Loulsv. Evansv. & St. L
Louisville & Nashville
Lotilsv. N. Alb. & Chic
Loulsv. N. O. & Texas
Marietta Columb. & No.
•Memphis & Charleston.
•Keokuk
.
.
..
1,045,454
314,130
189,373
2.157,864
18,033,936
249,103
665,336
3,414,780
928,730
16,02.=;, 342
MioU. Cent, it Can. So...
Milw. L. Shore & Weet'n
Milwaukee it Northern
Miun. & St. Louis
Mo. Kaus. & Texas
Mobile &Ohio
Ohio & Mississippi
Ohio River
Ohio Valley of Ky
Pittsburg <te Western
Prescott & Arizona' cnt.
353
255
.
l,847,124i
911,5831
634.486
661,963
121,995
117.156
921,845
3.072,557
5,785,831
.
226
247
206
91
Paul & Duluth
St Paul Minn. & Man
Sau Ant.& Arans.Pass
1,479,251
9,284,921
1,001,230
St.
. .
.
836,562
855,48!
911,880
46,000,000 38,7/0,000
0,207,70!i
6,107,108
688,462
535,75
Slienandoah Valley
Staten Island Rap. Tran.
Southern I'aeillc Co
Te.xas
&
Pacitio
.v. A. & Nor. Mich.
Toledo tfe Ohio Central
Tol. Peoria & Western
Valley of Ohio
Tol.
.
Wabash Western
Westeru N. Y. & Penn.
Wheeling & Lake Erie
Wisconsin Ceutral
.
Total (103 roads)...
•
1,100,332-
1,085,18'
880.340
665,529
5,767.051
3,183,737
870,737
3,814,755
970,73
624,104
6,428,873
2,786,285
744,708
3,723,108
I
Includes three weeks only of
t
To December
t
1,589,681
51,897
28,736
2,341
40,909
73,459
94,334
503,124
2,802
"'"301
591,444
56,866
246,938
26,522
188,559
'53,614
39,273
14,253
159,631
102,47t
4'74',668
27,551
19,449
214,273
310,153
184,411
l'i0,7'5'3
"'4,652
278,000
11,684
16,833
172,713
372,895
l'30',ro"4
'3.^,966
l,d49',0'7d
6,553
41,3U0
68,663
408,633
11,975
22,013
14,713
"24",5'5"2
70,533
677,027
156,3'l'5
l'76,4'o'6
'95',2'5'9
16,834
12,493
181,091
18,465
I'TO.O'e'f
607,423
580,8«»
191,930
448,490
361,149
109,510
116,866
1,115,132
17,070
1,012,440
il
i
135,740
616,587
4,186,8821
282,285
97,716
28,349
18,157
34,336
83,621
196,379
171,688
41,167
71,552
20,819
3,064
35,391
37,639
46i,9'9'4
443,511
215,089
5'48,017
431,896
,
66,301
56,101
7,250,000
199,399
152,709
105,145
........
...
84,394
1
I
*
29.
238,034
122,187
32,736
41,425
661,822
397,4'5"2
126.029
91,647
386,626,292 374,569,36522.076.793 10019866
Net Increase
following indicates what
375,216
101,862
2.041,863
91,391
613,080
4,391,121
1,675,430
870,416
562,931
682,782
118,931
81,765
982,480
2,670,563
6,229,345
1,694,340
8,736,-04
569,334
902,863
125,727
696,701
4,587,5lO
Char. Col. & Aug. Div.
Col. & Gi eenv. Div
West. Nor. Car. Div...
Wash. O. & W. Div
Asheville & Spar. Div
St.L. Alt. AT. H. Br'chs
St. L. Arkan. & Texas...
St. Louis & 8. Francisco.
21
1,487
184
69,804
1,701,340
4,886,580
1,799,176
3,683,420
14,164,49
3,180,681
976,138
1,491,3-8
7,343,586
2,579,644
130,2111
2,023,706:
tRichmond & .VUegliany
Richmond & Danville.
Virginia Midland Div.
2,651
16,042,171
2,246,978
2,243,212
472,932
338.346
16,514
821,651
3,238,371
1,023,989
36,296,01
1,550,169
4,254.793
13,854,319
3,846,080'
4,128,365
Riv..
N.Y. Ontario & West'n.
Norfolk & Western
Northern Pacitlc
.
232,55!
2,259,471
2,424,303
88 269
1,531,273
5,494,003
2,380,065
3,875,350
13,716,000
2,819,532
1,085,648
1,374,522
6,228,454
2,596,714
35,283,584
1,685,909
4,871,380
18,041,201
.
[Mexlcan Central
JMexican National
iMexican Railway
& Hud.
2,764,283
7,983.419
1,181,325
1,147,160
1,465,230
5,329,470
235,743
860,335
2,572,937
719,068
2,369,146
166,311
19,511,171
161,761
417,407
206,614
4,618,142
253,311
1,067,467
323,843
164,821
2,087,331
18,710,963
376,017
275,277
4,209,509
265,280
West
•Kan. City Ft. S. & Mem
•Kan. City Clin. & Spring
Kentucky Central
N. Y. Cen.
2,978,556
2,400,224
1,091,963
2,239,042
202,277
18,462,10
155,208
Kanawha & Ohio
.
.340,121
843,.5C2
Decrease,
Increase.
359,570
1,365,736
1,036,407
1.469.882
5,607,470
247,427
.
Humeston &
1887.
7,673,261.
Detroit liauslng & No.
Duluth S. S. & -Mlantlc
East Tenn. Va. & Ga
225
in the past.
Marietta
.
other cereals, and especially corn and oats,
were much
heavier.
The cotton movement, as a whole, was also
made
&
&
Denver &R. G. Western.
'^o-*-—«-y-
record the December earnings have
&
Col. &Cin. Midland
CoL Hock. Val. & Tol....
Denver & Rio Grande.
receipts at Western ports in
fell ofl considerably, but
the receipts of the
The
15,001,543 Inc. 2.446,593
17.568,783! Inc. 4,027,807
28,573,879, 22,170,065, Inc. 1,403,814
21,022,356 20,243.083! IHC .
779,273
2,640,832
2,979,178
1,930,833
2,168,867
3,005,962
2,883,775
731,814
764,550
13,196,094 ll,60ti,413
276,348
328,2451
1,381,262'
1,352,526
2,001,723
1,999,382
2,213,700
2,172,791
2,071,526
2,144,985
441,772
536,106
24,863,000 25,366,124
66,271
63,469
2,3S0,705
1,739,261
1,414.02:^
1,413,722
487,737
544,603
3,624,490
3,377,552
1,575,815
1,519,V93
711,782
900,341
558,68H
505,675
608,007
568,734
418,500
404,247
2,238,004
2,078,373
545,359
647,829
7,581,339
8,056,007
279,256
306,807
Gt. South'n.
•Cleveland
flour
larger than a year ago.
«
17,448,136
1888.
&
27,075,488 27,2(5,918 —130,460 62,675 59,J21
"uly of December in each year.
JS??*!?* ^''T '^'^'"'.
The wheat and
«2,e75
Ft. Wayne
Cln. Rich.
ran. Wash. & Baltimore.
Col
•Clev. Akrou
Ind....
Clev. Col. Ciu.
.
lTs;i''^^a,5','^srgirt-/t^'?s'c"ii;si?''here.
64,292
Increase or
Decrease.
21,696,51i0
42.750
51,091
80,601)
New Orleans & No. E.
Vioksburg & Meridian
Vicksburg Sh. &. Pac
1,189
663
187
818
88,879
36,780
43,387
&
Alabama
73
252
797
355
373
298
290
50
70
188
975
1,001
MfUs.
33,767
41,79*
Eastern Illinois.
Chicago & Indiana Coal.
Chicago Milw. & St. Paul
Chicago & Ohio River.
Chic. St. P. &, Kan. City.
Chicago & West Mich. ..
Cln. Jackson & Mack
Cin. N. Orl. & Tex. Pao.
Chle.
616
172
98
367
063
187
818
Miles.
Central of Iowa
Ches. Ohio & So. West
Chicago & Atlantic
3,277
1,001
Preceding.
Canadian Pacitio
Cape Fear & Y'adkln Val
320
539
+5,066
+ 892
+ 17,369
Qiven^
.
687
245
237
247
206
91
Preceding.
Atlantic & Paciflo
Buffalo Roch. & Pitts.
Burl. Ced. Rap. & No...
Cairo Vincennes & Chic
1,447
51
1,487
Tear
Given.
Name of Road.
1,386
+ 11,003
Tear
GROSS EAKNINOS FROM JANUABY 1 TO DECEMBER 31.
148
115
548
63
135
360
254
2,023
537
514
35
330
1,236
865
293
577
269
351
+20,504
—22,212
—8,453
+36,080
+2,192
+ S69
Tear
47,838
46,837
52.867
48,772
I
818
291
240,308
323,449
198,292
170,777
305,375
303,897
64,632
62,636
1,147,000 1,151,741
26,537
28,956
134.512
123,658
249,624
250,740
203,068
181,884
197,607
199.948
184,129
187,903
49,880
53,750
2,273,500 2,517,769
4,143
7,703
220,250
178,753
96,914
101,212
37,617
44,631
298,097
319,497
158,545
158,420
83,636
111,517
64,341
73,534
71,55t
67,315
32,34h
34,853
213,733
182,064
35,926
30,986
28,8U4
32,000
644,k09
745,509
19,244
15,619
37,342
28,803
221,267
234,796
610,300
714,134
94,425
120,000
81,137
79,933
459,244
503,288
19,204
23,003
71,152
65,811
202,765
208,087
101,032
74,693
176,911
166,333
16,340
13,885
1,422,452
15,000
43,424
21,690
281,277
15,409
89,967
20,908
8,830
192,771
21,067
40,323
1888.
Earnings.
MiUage.
Tear
December
Mexican curiency.
12.05(i,!127l
In each year.
January
13,
THE CHRONICLE.
1889.]
ptoujctarus^Dtmueiccial^ttfllislillcwB
[Fiom oar own oorrespondent.!
LONDON, Saturday, Dec. 29, 1888.
On Saturday and Monday last nearly £1,200,000 in gold was
sent into the Bank of England, almost entirely from St. PeConsequently rates i^ere much
tersburg and New York.
easier on Monday and Thursday than had been anticipated—
Tuesday and Wednesday, as will be remembered, being public
holidays. The rate of discount, indeed, fell to four per cent
and even under, while rates of interest ranged from 4J^ to 53^
per cent. But yesterday the stringency that had been anticipated began, it continues to-day, and is likely to increase on
Monday. Yesterday was the last day of the fortnightly stock
exchange settlement, when payments have finally to be made
for stocks bought, and the demand for loans arising in consequence of this settlement coming together with the demand
of those who are indebted to the India Council, and had to
pay it a very large instalment, caused the rate of interest in
most cases to rise to 6 per cent. The Bank of England, however, in the hope of retaiting control of the outside market
throughout next month, offered to lend for three weeks or a
month at five per cent, charging 6 per cent for seven and ten
day loans. Our fiscal year ends on the 31st of March, and in
the three months preceding that date a much larger proportion of the public revenue
is]
collected,
now
that Mr.
Lowe
is
Chancellor of the Exchequer, than in any other quarter of the
The revenue is paid, not into the Treasury as with
you, but into the Bank of England. The consequence is that
the Bank cf England usually obtains control of the outride
year.
market early in February, and retains it till the latter half of
March, when the disbursements out of the Exchequer begin to
exceed its receipts. If, therefore, the Bank of England can
manage to keep control of the outside market next month,
it will be able to maintain rates until the end of March.
It
will, therefore, be in a position to prevent an artificial easr,
which is generally expected, and probably could attract a
£^d deal of gold.
It is not known whether the borrowers at the Bank are
borrowing largely for the month, but it is certain that their
demands at the Bank of England yesterday, to-day and
Monday amount to a very large sum. In the week ended
Wednesday night the outside market paid oflf a trifle more
than it borrowed from the Bank of England, being enabled to
do so by the gold receipts. Probably, therefore, the outside
market will not at the end of the year be as much indebted
as was supposed a week ago.
But still it must owe
the Bank a very large sum. Under these circumstances the
course of the market next month cannot be forecast with any
confidence.
It
is
certain that
the great financial houses
which have contracted to bring out new issues in the course
of a few months will do their utmost to keep down rates.
If they bring here unexpectedly large amounts of gold, they
will of course succeed.
But if they do not, the probability
seems to be that the Bank of England will be able to retain
sufficient control of the outside market to prevent any great
fall in the value of money.
Many people argue that there
will be a very large return of both coin and notes from the
internal circulation during the next few months, and that
this will 80 increase the reserve of the Bank of England that
the Bank will not be able to keep up rates. But on the other
hand it is to be borne in mind that while for some years past
the internal circulation has been contracting, trade is now so
much better than it has been for a long time past that there
is every prospect of its continuing good, and that
good trade
67
New York and by the firmness of the Continental
The general public here, however, are still standing
The general feeling is
aloof from the American market.
that the recovery in New York was due mainly to the anticipation that the dividends of the Vandprbilt companies would
be satisfactorv that it was, therefore, a mere temporary
spurt; and that there is no such change in the general condiIn other
tions as would justify a permanent rise in prices.
departments, however, the feeling is very sanguine. Whether
in prices in
bourse
s.
;
rightly or wrongly, people believe that peace is assured
during the coming year. Every country on the Continent
needs money, and none is fully prepared for war. ThereFurthermore,
fore, it is concluded that war will be averted.
in the first half of the year money tends to flow back from
the interior to the great banking centresin every country,
it is hoped that, owing to this, the Bank of England will
be able during the next three months so to increase its stock
of gold that the danger which has hung over our money market since the last summer will be removed. Lastly, as we
have said before, it is argued that the great issuing houses in
London and upon the Continent have contracted to bring out
numerous new loans and companies; that they cannot do this
successfully unless they keep the London market easy and
also raise prices; that of the issues of the closing year they
have been unable to place a considerable proportion, and that
and
they cannot get rid of these either without moving up prices.
For all these reasons the belief is very general that the New
Year will be more prosperous so far as the Stock Exchange is
concerned than the closing one. And the expectation is that
the recovery will bcKin with an advance in what are here
called high- class securities.
The Chancellor of the Exchequer, though wonderfully sue
cessful with his conversion, has yet nearly 423^ millions ster-
pay off, and as the^
two and three-quarter per cents is only about 97,
ling of three per cents either to convert or to
price of the
it is
clear that he cannot induce those
who
refused to convert
now, while the new stock remains at
per cent. And his chance of making a new
in the spring to convert
a discount of 3
issue at par so as to replace the outstanding three per cents
does not seem very good either. Therefore, it is understood
that the purchases for the sinking fund will be very large
during the next few months, and that the Chancellor of the
Exchequer will be stconded by the great bankers. Then,
again, the amount of money to be paid in dividends, interest,
and in purchase of railways, during the next week or so is
very large. The India Ccuncil alone will pay away about
seven millions sterling, and the interest on the debt of the
United Kingdom will amount to nearly five millions sterling.
A large part of this interest and dividend money will, of
course, be re-invested, and almost all of it in such securities
as the preference and debenture stocks of British railways, and
Ct lonial secui ities and Indian bonds. It is pointed out, too, that
Colonial boi.ds have not risen as much lately as other high-
and for that reason an upward movement is
considered probable. Lastly, British railways have done well
during the last six months, and most of them ought to be able
to pay higher dividends out of the profits accrued, while as
the state of trade is very promising for the new year, they
ought to be able to continue the larger distrib.utions in the
year to come.
For all these reasons it is expected that the recovery in the
stock markets will begin with an upward movement in the
class of securities named, and that it will be immediately
followed by a rise in international securities. The conversion
class securities,
Hungarian debt is not yet effected. The Egyptian
Government is only waiting for a favorable opportunity to
necessarily requires an expanded circulation. It do.s not convert its preference debt. The German Austrian, Italian,
seem probable, therefore, that the return of coin and cotes Spanish and Portuguese governments are all preparing to
from the internal circulation will be so large during the next borrow. The general impression is that France cannot much
few months, as it usually is at that season of the year. And longer put off the funding of her floating debt. And it is
if it is not, the Bank of England ought easily
to be able to known that the Russian Government has been negotiating
maintain the value of money, always provided that the for a long time past with the great financial houses of Paris
directors continue the proper policy, and that the great for a loan on a very large scale.
A rise in international
issuing houses do not import gold in t<X) large amount)».
If all this comes
Securities, therefore, is regarded as certain.
The receipt of so much gold by the Bank of England early to pass, the public here will be in a mood for a rise in
in the week had an exhilarating effect upon the stock
mar- American railroad securities, and if the conditions are favorkets. It was argued that so large an addition to the supply able there will
probably be an advance all along the line.
in the outside market wculd prevent the stringency
appreThe state of trade continues very satisfactory. The means
hended at the end of the jear, and that it might be taken as of subsistence are cheap and employment is abundant. We
evidence that the great issuing houses would take care of the have none of the meetings of unemployed which disturbed
money market. The effect was heightened by the recovery London during the past two or three winters no cries of difc
of the
,
—
«
:
THE CHRONICLE.
58
[Vol. XLVIII.
—
for deposits by
^
year was so unsatisfactory and the price of English wheat is
actually lower than it was at this time last year, the area
sown with wheat this autumn is reported to be very large,
while the wheat itself looks in excellent condition. The state
of the money market has prevented speculation, but that only
renders the condition of trade all the healthier.
Although Christmas has broken the week, and public holidays, both in Calcutta and Bombay, have interrupted business
in India, the price of silver is a trifle higher than it was a
week ago. The fall last week induced the Indian banks to buy,
and it is understood that the British Mint also is purchasing.
the future of the market, there is a a great diversity of opinion here. Indian bankers generally are inclined
to look rather for a lower than for a higher price, but other
As regards
Bank BUU.
Trade
Bills.
Dtsc't
.«
Wst
Joint
At 7 to 14
Four
Three
Four
Six
Six
Stock
Months Months Months Months Months Months Banks. OaU. Dajis.
Three
From
the iron districts the reports
are favorable. And equally so are these from the great texEven our farmers are in better heart than
tile industries.
Although the harvest this
they have been for a long time.
ing yards are all active.
Interest allowed
Oven Tnarket rates.
from the east end but everywhere evidence of contentment. The coal owners are able to continue the 10 per cent
advance given some time ago to the miners. The ship-build-
tress
Nov. 23 5
-
30
Deo. 7
• 14
••
21
" 28
5
b
5
S
6
1
a -4 a -
a- 4>^95 m&5
4
S«
3«
4Ji35
® - 3%9 - 3JS9- 4«ia5 iHS.5 4«a5
4«®1M 4 a- S-A-^ - 4M®5 4M@5 4}i®5
4H®- 4 ® - 3J^3- 4!4a5 4M®5 4M@S
4M« - 4 8- sjsa - 4J^35>^ 4«96>^ i\i&i)4
4 a — 4 a — S«« -'4M«5 '4Ka5 4M,a5
4
The Bank
3M 3M-3«
3M 312-3)4
3^ 3M-3H
4
4M-4M
Sii
S]4
4
4
3ii
s«
i%iM
4M-4«
and open market rates at th*
now and for the previous three week
rate of discount
chief Continental cities
have been as follows:
Dec. 7.
Dec. 28.
Hates of
Interest at
Bank
Open
Bank
Rate.
Market
Mate.
Paris
Berlin
Frankfort
Hamburg
Amsterdam
....
Brussels
i%
4W
Hi
2«
5
4
m
4«
4M
4«
4«
2«
Open
Market
Bank
Mate.
Open
4«
4H
4
4
4
4«
SH
SH
2M
iH
4«
3%
2)4
6
5
Bank
Market Mate.
Open
Market
4)4
4)4
3)4
4)4
i%
4)4
3>i
2)4
5
4
4M
4
3)4
4
8)4
an
more favorable view. The new wheat crop Madrid
4)4
4«
4)4
4)4
Vienna
4H
4H
promising very well wheat in India, your readers
6
o«
e
6X
St. Petersburg.
3
3
3
3
s
8
will recollect, is reaped in the month of March and con- CopenhaEen....
sequently the Indian peasants are beginning to sell more
The following return shows the position of the Bank of
freely than they have hitherto done. The exports, it is true,
England, the Bank rate of discount, the price of consols, &c.,
are still moderate, but for a week or two they have been larger
compared with the last three years :
than they were. If they continue good, and should the prom1885.
1888.
1887.
ise of the new crop be fulfilled, India will be in a position to
£
£
£
£
take more silver, and therefore many are inclined to think a
authorities take a
in India
—
is
m
—
ClroQlatlon
Pabllc deposits
rise probable.
wheat
23.866.800
24.060,820
24,436.670
5.6?5,138
5,482,754
4,383,019
21.531.110
4.001.713
hardly changed.
The imports, espe- Other deposits
22.612,197 22,387,663 24,138,160 25.053,105
13.800,052 14,010,509 13,133,151 12.018.949
cially from Eussia, continue very large.
The weather is QoTernment BecTiritles
20,890.952 19,525,057 23,067,109 23,427,505
again extremely mild, and the consumption, ther-fore, is but Otber securities
11,622,086 12,058,061 10,133,419 11,352,118
Reserve of notes and coin
moderate. It is a striking fact that, though the harvest here Coin and bullion
19,288,e'88 19,918,881 18,830.080 20,115.228
35 2-3
38J4
43)4
p.
40J4
at home ^nd throughout Western and Central Europe was Prop, assets to liabilities
4 P.O.
5 P.O.
4 p, 0.
5 p. c.
Bantc ratedeficient, and the imports from the United Sates are so
99 7-16
100 3-18
101 o-'.e
985^
Consols
small, the price of English wheat is actually lower now than Clearlng-House return
91,075,000 80,010.000 70.103,00(: 106,899,000
it was twelve months ago. The explanation, of course, is that
the quality of the wheat is much below that of last year.
Messrs. Pixley & Abell write as follows on the state of the
1887 was an exceptionally good wheat harvest, while the har- bullion market
vest of the present year was the very reverse. That this is the
Gold— Large arrivals of gold have come to hand since our last, and
whole has been 6old to tlie Bank of England, which has thus receiv ed
true explanation is proved by the fact that the good qualities the
il.l9B,000. Arrivals: £40,000 from Australia; £42,000 from West
of foreign wheat are nearly a shilling a bushel higher than Indies; £435,000 from New Yorlt £20,000 from New Zealand; total,
£f 87,000.
English wheat in the London market. It is noteworthy, too,
Silver— Bather more steadiness Is visible in the silver marlcet, atid the
been
that in spite of the bad harvest and the low price of English price lias risen to 42 7,,d. Owing to the holidays, the marliet has
unusually inactive. Arrivals: £7,000 from West Indies and £43,000
wheat the sowings of wheat this year are reported as very from Chile.
_,„„ .
Mexican Dollars— Mexican dolljirs to the amount of £47,000 have
la,Tge. This is another evidence that the agricultural depression
arrived from the West Indies, and the latest price is 41 ^ed.
is drawing to a close, if not quite ended.
Apparently the fall
The quotations for bullion are reported as follows :
in rents and agricultural wages has put the British farmer in
SILVBR.
GOLD.
a position in which he can afford to continue the competition
London Standard. Dec. 27. Dee. 20.
London Standard. Dec. 27. Dec. 20.
in the wheat market with the foreign grower,
d.
s.
d.
>.
d.
d.
-There is much difference of opinion as to the course of Bar gold, fine. ...OS. 77 9
oz. 42 7-16
42 5-19
Bar silver.
77 9
Bar silver, containwheat prices in the immediate future. Should the weather Bar gold, oontain^g
The
price of
is
;
become
severe, consumption
would
and
20 dwts silver. .oz.
77 10
77 10
ing 5grs. gold.oz.
42 13-16
42 11-18
same 8pan.doubloon3.oz.
45 9-ia
oz. 45«
Cake silver
time there might be an interruption in our imports from S.Am.doubloons.oz.
Mexican dots.... oz.l 41J4
Bussia. But the general impression is that the interruption
Ensllsli Financial markets— Per Cable.
would not be such as to affect the markets, that means would
The daily closing quotations for securities, &c., at Londoa
be found to hurry forward supplies, and that the surplus are reported by cable as follows for the week ending Jan. 11.
which Russia has to dispose of is so immense that prices
Wed. Thurt.
Fri,
Jfon.
Fues.
mat.
Xiondon.
cannot materially advance. In support of this view it is
further argued that the exports from the United States so far Silver, per oz
4211,
42ilie 429,8
427,8
d. 42 13
421a
new 2% percts. 98ii8 98^6 981,8 991,6 991,8 98i3is
have been exceptiooally small. Prices, it is said, have been Consols,
9878
993,8
9815,«
98)4
993,0
981a
for account
do
kept there so high that exporting from the Atlantic ports FVoh rentes (in Paris) fr. 82-8712 82-80 82-95 82-95 82-65 82-90
llOOg
110!>8
110=8
11058
llOBs
no's
4issof
1891
8.
became impossible. But by-andby the stock so held back— n.
129
129
129
129 -a 12938 129
0. B. 48 of 1907
53I3
53I3
5338
5358
5358
531a
the argument goes on— will be sent to market, and therefore Canadian Pacitlo
6538
6412
M\ 65
653s
14
Chic. MU. & St. Paid.... 64
28I4
2SI3
28=8
a fall is more likely than a rise. Further, it is pointed out Erie common stock...... 27^
2778
28
II8J4
II8I4
118
118
118
US'*
Illinois Central
that the exports from India are increasing, and that they Pennsylvania
5519
5473
5479
5479
55
55
2479
24%
24ifl
2458
245a
undoubtedly will increase, if the new harvest proves to be as Philadelphia & Beading. 25
111%
lll'^g
lllia
lllia
11138
111%
New York Central
good as it now promises to be. On the other side of the question
,
it is
increase,
at the
argued that prices in the United States have been kept
up because
the surplus for export is so small, and that
no
great supply therefore can be expected from the
Atlantic
ports, that an Indian supply of any magnitude is
not to be
looked for without a rise of prices, and that the present
haste
with which wheat is exported from Russia must exhaust
the
Russian surplus very quickly. Merchants
generally lean
towards the latter opinion, while the smaller dealers
think
that all the supplies necessary will be obtained
without any
material advance in prices.
The
rates for
money have been
as followa:
—
Imports and Exports fob the Week. The imports of last
week, compared with those of the preceding week, show an
increase in both dry goods and general merchandise. The
total imports were $11,993,750, against f9,.539,954 the preceding week and $8,103,815 two weeks previous. The exports
for the week ended Jan. 8 amounted to $8,203,137, against
week and $0,646,750 two weeks previous. The
following are the imports at New York for the week ending (for dry goods) Jan. 3 and for the week ending (for
general merchandise) Jan. 4; also totals since the beginning
of the first we«!k in January :
$1,785,559 last
f
'
.
JaSDART
FOBBIOII niPOSTS AT IfSW TOBK.
Oen'l mor'iUae..
Tot.-il
1888.
1887.
1886.
Dry Goods
Dry Uoods
lOtal
1
$1,089,324
5,017,074
$2,450.23i
6.147,832
$2,344,025'
5,5n,043|
8.020,090
$7,330,993
$8,598,054
$7,850,508
$ll,9!>;i,750
$1,089,324
6,647,074
$2,450,222
0,147,832
$2,344,625
5,511,943
$3.37.'1,(i-l
$7,330,9981
$8,593,0.".4
$7,350,508
$11,993.75.
week...
The following
is
$3.373.0.^4
8,020.09(i
a statement of the exports (exclusive o
pecie) from tlie port of Now York
week ending Jan. 8, 1889, and from January
to foreign ports for the
nearly nine mllHoDi of dollare, with a caah capital of three
illicns and reserve fund of nenrly four million dollars. Few
American companies equal the Home in strength, and it ranks
among the flrtt of cur large Are companies.
—
The attention of investors is called to the first mortgage 5
per cent gold bonds of the Jt fferson Railroad Company, guar*
anteed by the Erie Railroad Company, offered by Messrs.
Samuel D. Davis & Co., this citr.
DIVIDENDSi
The following dividends have recently been annonnoed.
to date:
1,
Xtame of Company,
EXPORTS FROM NEW TORK.
1883.
1887.
1880.
69
m
1889.
1
Sliirf Jiin, 1.
Oen'l mc^r'dlge..
HallroadM*
1889.
Ctunborljiiul Valloy ((|uar.)....
For the
Vmv.
week....
reported..
Total
1
week... I
$0,680,795
.$5,982,409
$5,070,839
$5,982,469
$5,670,839
The following
$0,080,795
IJiiiitinsfloii
$8,203,137
Little Kchuikill Nav. &.
Loui8villo ifc N.'i^liville,
Mine II. Nav,
Mill Creek
RR.
Mllwaulveo L. Kli. & West. pref...
Mine Hill 6i Schulkill Haveu
shows the exports and imports of specie
at the port of New York for the week ending Jan. 6, and
Rince January 1, 1889, and for the corresponding periods in
1888 and 1887.
EXPORTS AND IMPORTS OV SPECIE AT NEW TOBK.
Sxporls.
Since Jan.l'
Week.
Germany
2^,335
2,500
172,792
Bouth America.
Mount Carbon
Total 1889
Total 1888
Total 1887
23,000
.
$198,027
84,044
.
14,511
.
183,350
5,717
1,640
3,440
2,160
2,16
$23,000
79,100
14,511
$230,022
58,053
2,198,621
Pittsburg McKeesport & Yough..
I'lttsbur^ Ac. IjhUq Erie
Fortlaml &. Koehester
Scauylkill Valley Ndv. & RR
WUeeliiig Jit L. Erie prof. (quar.)..
Commonwealth Flro
Kmpire City Fire.....
r>
2 --a
3^
3
3
3
1
3^
BookM Cloud,
(Dayt inelutive.)
1
28 Jan. 20 to Jan. 27
12 Ian. 8 to Jan. 11
11 Jan. 30 to Feb. 13
Jan.
11
Ih Jan. 16
15 Jau.
Feb.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Feb.
to Feb.
to Jan.
!,•*
1&
li
1
18
15
.Ian.
2 to
11
1.5
Feb. 10 to Feb.
1&
$196,307
58,053
2,198,621
Homo
,.
to Jan. 11.
1
to Jan.
5
6
Jan.
5
6
3
On dem.
On dem.
Lafayette
National Firo
N. Y. Equitable
10
.
5
9 Jan.
Ou dem.
Ou dem.
Ou dem.
1
Jan.
3J9
.
4 to Jan.
8
12
IG
6
3
Feoiile'a Fire
IS
2
Jan.
Jan.
Jan.
4
.....
....
United States Fire
Importi.
3
5
10*
......... ••
.
.
dem.
deiu. Jan.
3
.
On
On
On
On
On
dem.
dem.
dem. Jan.
Jan.
7
On dem.
6
.
Gorman American. ........
Globe Firo...
Silver.
mciacellaneon..
Week.
Great Britain
France
,
Germany
Since Jan.
$200,200
7,400
1.
$45,000
7,400
Week.
Since Jan.l.
—
9,000
9,000
4,431
4,431
1,238
All other countries...
$52,400
280,970
177,300
$15,292
0,932
39,035
$13,431
0,932
39,035
The Financial Review for 1889 —This annual book, iesued
from the office of the Commercial and FiNANCrAL Chronicle, will be ready, as usual, early in February. Tbe Review
collection of invaluable statistics
and editoiial comments in each department, will contain as
an appendix a copv of the Investors' Supplement, to be
issued in January. For a number of years the Supplement
was thus bound in with the Review, but last year (1888)
it was omitted, and there has been such
a universal demand for the Supplement in the Review that the publishers have determined to restore it, and
issue the Review again in the old sbap", with a copy of the Supplement
bound in it. The Financial Review bs an Annual is
well known to mrst of the Chronicle readers, in its brilliant red clotl] binding, and in most of the offices of
Broad and Wall etrpets "The Red Book" is a familiar friend,
The pnc* of the Review will be the same as heretofore,
that IS, |3 per copy to all except Chronicle subscribers, to
furnished at f I 50 per copy.
—
Mr. Joseph G. Martin, 10 State Street, Boston, has iBsued
his annual " Stock Fluctuations" for that market, wbi
-h is
one of the best annual statistical publications anywherf
issued.
Mr. Marlin ban a refutation as a careful compiler of
practical information about stocks and bonds which gives his
publications a characer and makes them worth having to
every person interested in securities current in the Boston
markets.
another column Messrs. Dick
Bro.='.
&
Lawrence,
Bonds.
$1,000 Jersey City 03, water,
104
42
1893
640 Bi'klyu City ER....124®12-1% $2,000 Jersry City 7s, fund116'
GO Citizens' Gaslight Co.,B'ked, 1897
lyn
5U>4® 55Vt $3,000 Long Island City 6g,
103*
150 Market Nat. Bank
185
funded debt, 1903
93Bl'ckerSt.&Fult'nF.RR. 27I4 $1,000 Cincinnati78.im.,'91 .106V
V
Conn
2 Am.ScrewCo.,Provid'nce,
R. 1
211H-S)2im
20 Chemic.1l Nat. Bank
50 Nat. Citizens' Bank
4195
IGCs
50 Am. Kleclric Liaht Co... 15
10 SawTcr-Maun Ilium. Co.. 9^^
20 Nat. Bank ol Commerc6.181%
184
58 Bank of America
13
8t. Nlcholjis
United N. J.
Bank
1193i
$i,5(j0
Long Island City
68,
102%*
revenue, 1889
$5,000 Long Island City 7s,
funded water, 1902.... 133*
$5,5C0 Long I.'land City 78,
123*
funded debt, 1897
$5,000 St. Louis ts, gold
108^*
1893
$5,000 Jersey City 78, water,
106*
1891.........
50
& Can. Co..£2Sia
16 Baiik of N.Y. N. B. A
239
$5,000 Cinein. 7 S-lCs, 1906.. 135*
3Pro.iuce Ex. Bank
112
$6,000 Queens Co.,CollegoPt,
100 N.Y. L. Ids. & Tr.Co.OOO®C03
L. r.,78, 1895
117V
7 Cinn. Ham. & Dayton RR. 76»8 $16,000 Atlantic Ave. RR.,
5 A. B. Cleveland Co
50
Bt'kl>n.l8tm.,?8.1909.105'8*
35 LoDK Island I.'n&Tr. Co. I6212 $20,0t)0 Br'klvn City RR. Ifct
103
10 Market* Fulton Nat. Bk.l85i4
m., 5s, 1902
30 Secoiicl Nat. Bank
3cl6
$10,000 Brooklyn 7s.local imllOV
27 Mercbants'Nat. Bank....l,50'i
provemenr. 1891
139 >« .$5,000 New York 7s, consol.
EG Oiecuwich Bank
128
15 Aiu.Exihauge Nat. Bauk.145'4
1896
15Gia $5,000 New York 78, consol.,
25 Uniop Ferry Co
6 Eleventh Ward Bank ...226
1896
127V
50 National l!roa(ln'avBauk.287i4 $3,C00 Twenty-tbu-d St. RK.
108%*
20 Twenty-third Ward Bank. 99
7s, 1893.
10 Eoal Estate Excharjge &
$600 Now York Os, park Imp..
125*
Auction Room (Ltd.)....120ia
1904
80 Fourth Nat. Bank
143ifl $50,00(1 Sixth Ave. ER., Ist
5 Leather Macufa. Nat. Bk.230'a
7s, 1890
103V
I38I3 $1,200 Commercial Mut. Ins.
50 Ninth Nat. Bank
70
20 Met. rhouoitrajih Co
Co. scrip
41
llontis.
$10,000 Mann Boudoir Car
77
$1,000 Flushing corporation
Co. Ist m.. 6a. 1906
7s, 1892
1091a' $700 Dry Dock E. B'way & B.
106V
$500 Flushing school 78,
RR. 6.S scrip
1893
IIOV $10,000 Ruhway, ». J., 48, ad7514
$10,000 Clncln.7 3-10?, 1002.. 132*
Just., 1922
*4,000 Jersey City 7e, water.
.$2,000 N. Y. Frov. & Boston
126ia
RR. Ist m. 78, 1899
1902
122>s®121V
'
And
Interest.
^auMttfl
&
Messrs. Styles & Cash present a handsome calendar for
10^
ISbO, which has enaraved on it a few illustrations,
entitled
Homes and Htunts of Washington," to comraemoratf
—The Home
at
in
Iron Company, guaracteed by the Philadelphia &
Reading Railroad Company, secured by mortgage on its
various coal trade. These bonds are a direct lien on the
various coal tracts, s ml are practically a supetior obligation
to the Railioau Company's general mortgage.
"v.
the
centennial of Wathinj; ton's inauguration as the
dent of the nation.
recenlly
&
Shares.
their adveitifement, call attention to a good iavestnunt in
the mortgage bonds issued by the Philadelphia
Reading
&
to Jan. 25'
25 Consol. EolllngStk. Co. of
Bridgeiiort,
Of the above imports for the week in 1889 f3,500 were
American gold coin. Of the exports during the same time
f 162,027 were American gold coin.
this vf ar, in addition to its
25 Jau. 15
Also 25 per cent in scrip on February 15.
Auction Sales. The following were sold
auction by Messrs. Adrian H. Muller
Son
573
$213,600
284,052
177,300
Plilladelpbla Co. (monthly)
*
$.
West Indies
Mexico
Bomb America
Coal
o
Port Carbou
Firo Assoclatfon...:
2»,915
183,350
9,317
1,640
3,440
Export*.
— In
&.
When
Payable.
lusurauce.
Since Jan.lO
•
All other countries...
is
&
Per
Cent.
Jan.
Jan.
21fl
3>«
Jan.
2 stock Feb.
Farragu t Fi re
Great Britain.
France
whom It
KK
&
Jmporti.
Bold.
Week.
....
& JJroud Top pref
$8,203,137
table
West Indies..
Mexico
:
THE CHRONICLE.
13, 1869.J
For Week.
:
first Presi-
Infurance Cnmp.inv presents its sevrnty-first
semrannual statement to the public in the Chronicle to-day.
It shows a steady progress, and its assets now
amount to
atttl
'Miuvcnti^h
JA^INUAItY irWESTMiElNTS.
WE
OFFER TO INVESTORS CHOICE
AND
FIRST
MUNICIPAL
MORTGAGE RAILROAD BONDS,
PAYING FROM » TO 6
1-2
PER CENT,
ORISIVOLD A OIL.L,ETT,
3
AVALL STREET,
N. Y.
—
:
:
:
.
THE CHRONICLE.
60
Going.
*ght gattlijets' ^a^jettje.
fVot. XLVIII.
—The following are quotations ingold for various coins
$4 35
Sovereigns
3 86
4 74
25 Pesetas
4 82
Bpan'b Doubloons. 15 65
Mex. Doubloons.. 15 55
par
Fine gold bars
Napoleons
X XBeichmarks..
1^
For ditridmds
see
prenotu page.
V, M.
WAl.1. 8TRKKT, FRIDAY. January 11. 1S89-3
events
All
Situation.—
Financial
apd
The Money Market
market have been in
of the past week bearing upon the stock
conference of bankers and
terior in importance to the great
Pierpont Morgan
railroad presidents at the house of Mr. J.
of railThis was probably the most distinguished assemblage
in
road men ever held in America, and the capitalization
railroad
Stocks and bonds represented by each one of the
below
presidents was in most cases much above rather than
Such a gathering of railroad and financial
1100,000,000.
kings on 'this Continent reminds one of famous gatherings of
and
Btetesmen in Europe; or, to go back into Oriental
brought
sacred history, the gathering of kings captured and
previous
into a meeting, where they suffered the penalty for
misconduct (though not in cutting railroad rates) of having
The world has progressed
their thumbs and great toes cut off.
Bnce then noiis arms change tout cela—ani now the penalty
to any employe for cutting rates will simply be to have his
own official head cut off.
The result of the meeting of railroad men is admitted
on all sides to be far-reaching in its importance, but it is selfevident that the practical good to result from the agreements
must depend on their being faithfully carried out. In the
meantime the stock market has been sluggish and merely
closes firmer on a small business.
The investment demand for bonds is large and well distributed, indicating a good inquiry from private investors from
all quarters, and bonds of good reputation are generally going
higher every day. The reduction to 4 per cent in the Bank of
England rate marks a decidedly easier feelingin that market
which cannot be without its influence on ours.
The open market rates for call loans during the week on
tock and bond collaterals have ranged from 2 to 4^ per cent, and
to-day the rates were 2i@3 per cent Prime commercial paper
is quoted at 4i@ 5 per cent.
The Bank of England weekly statfement on Thursday showed
a gain in specie of £1,104,194, and the percentage of reserve
to liabilities was 38'90, against 29-90 last week; the discount
The Bank of France
rate was reduced from 5 to 4 per cent.
lost 4,250,000 francs in gold and 1,025,000 francs in silver.
The New York Clearing House banks in their statement of
January 5 showed an increase in surplus reserve of $1,051,750,
the total surplus being $7,333,100, against $6,281,350 the
previous week.
The following table shows the changes from the previous
If eek and a comparison with the two preceding years in the
averages of the New York Clearing House banks
1889.
Jan. 5.
fr'm
Prev. Week.
1888.
Jan. 7.
United States Bonds.
liOana and dlsc'ts
Specie
Olroulatlon
Het deposits
Legal tenders..
I<egal reserve..
Beserve beld...
BorplnB reterve..
—
—
—
—
:
93%
95
74
73'«
4 85
— Government bondshave been quite
dull at the Stock Exchange, and the market remains without
Prices for the 4j9 are i lower than last Friday. The
feature.
Secretary of the Treasury has bought all the 4is offered at
The takings amount to
108i, and $440,000 today at 108}.
Very few offerings of 4s are made
$1,107,500 for the week.
now, and they are generally at prices far above the market
quotations.
The
payments made for bonds purchased from April 23
total
to January 5 were
week is as follows
4H Per
$123,529,241.
CmU
Satarday
...
Monday
The statement
Prices paid.
»389,600
52.500
$389,500
62,500
119,500
27,000
119,500
619,000
519,000 lOSW-lOSX
108X
for this
4 Per Centt due 1907.
iue 1891.
Offerings. PurcTi'es
Offerings. Purcli'es.
Prices
paM,
$65,000
60,000
Taefiday....
Wedn'sday.
Tharsday...
Friday
Total.
..
SInceAp.ZS.
.
The
is,
69,
6s,
68,
6s,
68,
our'cy,'95
our'cy,'96
cur'cy,'97
cur'cy,'98
our'cy,'99
*
lOSVi
lOSJi
1,107,500
I08)i-1085«
53,133.650
106X-109>i
40.000
40.000
140.01X1
345,000
51.396.650
closing prices at the N. Y. Board have been as
1907
1907
4s,
27.000
1,1C7,B00
4^B, 1891
4>as, 1891
TUI8
124-7O-130
foUowg
reg.
coup.
reg.
coup.
is tlie
reg.
reg.
reg.
reg.
reg
prtoo Did ac tue uiorolai ooaid; no tate was m^tde.
State and Railroad Bonds.— A moderately active and welldivided business has been done in State bonds, but nothing
in this
1887.
Jan. 8.
60,762.700
52.402,600
Capital
Bnrplus
Exchan^
Diffr'ne't
— 93 in
—92 3
®
Mexican dollars.. —72 "a*
®
—
72 ®
uncommerc'l
Do
®
—72 ®
®15 75 Peruvian sols
silver....
4 80 ®
®15 70 Engllsb
©iiprem. U. i.tradedoUars — 72 »
Fine silver bars..
Fivefrancs
89
3 89
4 80
4 86
'ai$4
392.3:16,900 Ino .3,538,200
;60,070,500 348,479,300
77,032,500;in!. 511.200 75,235,400 8>,509,200
4.850,500iDec.
11,800
8.0H9.900
7,896,800
408,916.400 luc .8,601,800 371.305,900(370,138,900
32,529 70C Ino .2,691,000 28,417,800| 21,812,200
102,229.100 luc .2,150,450 92,826,475! 92,534,72.)
109,562.200 Inc .3,202,200 103,653,200 107,321,100
7,333.100 Inc. 1,051,750; 10.326,7251 .14,786,675
—The
market for sterling exchange has not been
active and the demand remains merely nominal.
The feature
the past week has been the easing of money in the open market
of London and the consequent reduction in the bank rate to 4
per cent, which made long sterling more in demand and induced an advance in the posted rate for that class, first to
Commercial bills have also been
4'85i, and to-day to 4-86.
in scant supply. Short sterling has been steady, and the posted
rates are the same, viz., 4-89 and 4 -894.
To-day the rates on actual business were as follows, viz
Bankers' 60 days' steriing, 4 85J@4 85i; demand, 4
88i@
Cables, 4 89 34 89J.
4 88J
Commercial bills were 4 84®
4 84i. Continental bills were: Francs, 5 22i and 5 18}®
6 18i; rcichsmarks, 95@95i and 95«@95*; guilders, 40(a40i
>u»
?
and
market
calls for special
comment.
here has been a large business in railroad bonds and the
bu yant tone noticed for some time past has mide further
The demand for all kinds of bonds is bri^k and of
progress.
a healthv character, and even the heavy total of transactions
on the Stock Exchange does not represent all the business
done, as investment bonds of various kinds are sold largely by
bankers over their counters. There has not been a rapid or conspicuous advance, but a gradual appreciation in most bonds,
while a few were notably weak.
The Reading preference incomes were strong and advancing
in the early pirt of the week, but since the decision of the
directors to pay 7i per cent on the firsts and seconds and 2^
on the thirds they have been less active, the effect having
been discounted. Erie 23s have a-lvanced, partly on a foreign
A conspicuous exception to the general strength
demand.
have been Gulf Colorado & Santa Fe 1st 7s and second mortgage gold 6s, which declined heavily on Boston rumors that
the interest due April 1 on the gold bonds might not be met,
and partially recovered their loss today. Colorado Coal &
Iron 63 also gave way quite sharply on reports of poor earnings
on Thursday, but picked up again to day. St. Louis Arkansas
& Texas firsts have moved up to 96 J, on the better prospect for
net earnings.
Railroad and Miscellaneons Stocks.— The stock market
has been dull the past week and the movement of prices comA firm tone has prevailed as a rule,
paratively unimportant.
and prices are generally well held, there being an apparent
confilence in the market, though no great inquiry for stocks.
News has been meagre and of no special importance, the
only subject exciting any great interest being the meetings of
railroad presidents and bankers for the purpose of forming a
The
definite plan for the maintenance of rates in the future.
market has rather waited for the result of these meetings, and
very little disposition to operate has been manifested by any
As nothing w is accomplished till Thursday,
class of dealers.
It
in stocks nearly all the week has been limited.
business
the
40i@10i
was almost a foregone conclusion that an important agreement
The rates of leading bankers are as follows
would be reached, and the result was what had been expected.
Entire harm 'ny prevailed, and the agreement made, if carJanuary 11.
Sixty J>ay$.
Demand
ried out, will be one of the most important ever entered into
Prime bankers' sterling bills on London.
4 86
4 89 •ai 891s by the railroad managers.
London has been somewhat of a
Prime coninierclal
.-,.,.
.
.. 4 3414®! 84ifl
Docuinnntary commercial
factor in our market this week aad has helped to sustain some
1. 1! !!!!"" 4 83%ili4 84
Paris (francs)
5 21''ea5 2114 5 18i8l»5 1714 of the leading stocks.
The easier condition of the London
Amaterrtani (CTillderg)
..V.'ilimi
40144406.,
407,,»40ia
money market and the decline in the B.mk rite have had a
Frankfort or Bremen (retobmarke) ..'.'."
9518T9514
•
.
95^i>9578
following were the rates of domestic exchange
on
New York at the under-mentioned cities to-day Savannahy,u
buying i discount selling par®i premium; Charleston,
buy-
The
:
;
ing par, selling par@i premium; New Orleans,
commercial
J5c. discount; bank, par; St. Louis, 50c. premium; Chicaao'
"
oOc. premium.
'
good
eff ct.
Notwithstanding the latterly improved condition, an! the
absence of any important adverse news, the movement of
prices has been small and the leading stocks have done little
Union P,tciflc has fluctuated in
better than to hold their own.
accordance with the different rumors in regard to legislation
at Washington.
.....
.
January
THE CHRONKJLE.
18, 1889.J
STOCKS— PRICES AT
61 \
STOCK EXCHAN6E FOB WEEK ENDING JAN.
N.T.
11,
AND SINCE
HIOHB8T ASJ> LOWEST PBI0E8.
STOCKS
Saturday.
Juii.
AMIve
Kit. Stocks.
Atlantic A rai'ltlo
Oana^llun Pa<)lllc
Canada Houtlioni
Central of Now Jersey
Central Piicllio
Cl>e8ui>«Hk(< * O., reors. oerl.
l8t prct. roorg. oort.
2(1 i>ivt. rcoFK. cert.
I)<>
Do
Monday,
& liulnoy.
Knst. Illinois
pret
Do
ClUcago UU waukee A St. Paul.
Ohlca^,•o
BuillnKton
OUloago
&
Jan.
f>.
•8
8ifl
•62
62\
52 '4
52 14
97%
98i>8
•35 >«
18>s
15 >«
•10
3U
18>l
15>a
m>«
109 1>9
43 >9
95
109
*43
8I4
Jan.
7.
8I4
52
52
52 14 52%
97 14 98 14
35% 35 !«
181a
I914
16
10
171a 171a
1081a 109
431a 431a
94% 94%
95
6238 62T8
62% 63%
103i«
103!% 103 »8 103
pref
Do
107
107=8
107
lOe^a
14
Qdoago <k Northwestern
pref. 140>4 141 >< 14014 1411a
Do
9714
97%
97>4
Paclllc.
973e
OhlosKO Rook Island &
Cliloago St. Louis
•ISis
Plttsbure.
A.
Do
*35
314t
90=8
prof.
Ohioago St. Paul Mln.
<b
Oin
Do
. .
pret
571a
*24's
Oolumbus HocklnK Val. ATol
Delaware Lackawanna & West 140%
Denver &Rloa.,as8es8m'tpil.
*43ia
9ie
lU'^'-
•at Tennessee Va. & Ga. R'y
Do
116
116
*26% 27 14
,
16% 165e
51% 5214
IO3J4 10313
92
931a
56=8 56%
•37
40
*89ia 901b
801a 801a
pref
LoulBville & Nashville
Louis. New Alb. & Chicago...
Manhattan Elevated, cousol..
Hlohlgan Central
tUL Lake Shore « West
prof
*50
•91
& St. Louis
•5
prof
HlBSourl Kansas & Texas.
Missouri Paoillo
"is'a
MobUeAOhio
*8
*81l2
53
94
6
121a
977,
35 14
36
I914
1678
I8I4
10814
43
95
20%
17
10=8
1814
18
18
9.)
25% 25%
139%
2313
22
87
•84
5
5
9
231a
87
116
•26% 27 14
26%
37I4
91
87
511a
5%
5%
98
13
92
93 la
56I4
•37
901a
87=8
56%
40
53
96
53
96
•5
6
12
13 14
11
9OI9
87=8
13\
25
59
A Bead. Vot. Trust. Cert.
BlohmondAWestP'tTenulnal
Do
pref.
Borne Watertown A Ogdensb'g
Bt. Louis A San Francisco
Do
pref.
Do
1st pref.
BtPaulA Duluth
Do
pref
Bt. Paul Mlnneap. A Manitoba.
Texas A Paclflo
Fhlla.
Wheeling
59%
81a
33=8
16
50=8
2514
59%
33
18
•25
59%
21% 22
30''8
3078 31
*23
241a
4778 48%
2418 24%
78I3 78%
*92
93
30=8
•23
2tia
48%
24%
591a
ColorailoCoal & Iron
Consolidated Gas Co
30
81
Delaware A Hudson Canal
Oregon Improvement Co
72
t>o
pret. *102
__
Oregon Railway A Nav. Co.
*92
93
26% 26
60 ij
113ifl
40
40
22
64%
61%
131a
251a
6018
30 14
7'
106
27
50%
25%
59I3
2214
31
2413
•78
•92
•26
66I4
39
40
97
99
•94
6518
6378
60%
60% 60%
30
30 14
29
100
5%
30
37
20
93%
57I4
86=6
53
6
14
•13% 13%
93
"25
26
45
9%
9%
07
24
87
9%
67
07
•84
87
•5
6
•22% 23%
5%
•26% 27% *20% 27%
•18% 16% 10% 16-%
52% 52%
92% 92%
56% 57
91% 91%
5678
•38
40
2,000
91% •90% 91%
87% 87
87
53% 53% •53
53%
93% 95% 96% 96%
•5
6
•5
6
*11
14
•11
14
13% 13%
74%
•8
9
8
•31
83
•81
83
•81
8
37% 38%
39
27% 28
62
62
27%
38% 38%
27% 28%
2778
62
44%
15%
44% 44%:
•15
4378
15%! •15
•8%
9
33%
•16
51
18
51
25%
00
22%
•25
50%
59%
•22
30%
31
17%| •16
51
51
5978
22%
3078
48%
24%
48% 48%
24% 24%
79
79
26
I314
22% 22%
64
•12% 64%I
13%'
60
60%'
29=8
29
29% 29% 30%'
82
81% 82
81% 81%'
131% 130% 131% 131% 13178
•70
71
71
69% 69%
,
'100' 106
100
92% 92%
30% 30%
79% 80%
105
I
92% 9278
36% 36%'
80
80%
175% 177%
8378 84%
175
83% 84
29
70
71
103
.Tan.
22
i
103
21%
30%
23%
47%
21%
78%
93
26
Jan.
03% Jan.
12%Jan.
24
525
59%
29
5,975
1.758
3,014
81
69%
100 103
92
30
645 79%
5,090 172
22,877j 83
1,110
1,52 >
17778 179
84% 84%
Jan.
Jan.
Jan.
Jan.
130% Jan.
511'
93% 93%
36% 36%
80% 80%
70
98%
23
59
2,665,
30
108% Jan.
17% Jan.
l,--35'
49%
54,385
1317a 13178
3
9
40
8%
33
16
97
81% 81%
74%
2,200'
61
42%
14%
1,250;
510I
22% 22%
64% 64%
'12% 13%
25% 25%
60% 60%
1378 Jan. 5
Jan. 10
8
Jan. 11
Jan.
Jan.
60%
113%
26%
39,185
1,700
56,975
10
525
1,275
17
1,176
5
2
Jan. 2
10% Jan. 2
52% Jan. 2
104% Jan. 11
91% Jan. 11
577a Jan. 2
37% Jan. 7
91% Jan. 10
87% Jan. 8
53% Jan. 10
98 Jan. 7
5% Jan. 7
100
500
670
250
37
14,115'
9978 101
24% 25%
60% 60%
94
Jan.
10% Jan.
28
Jan.
Jan. 3 38% Jan.
Jan. 4' 28% Jan.
Jan. 4 63 Jan.
Jan. 4 43% Jan.
Jan. 5 15% Jan.
9% Jan.
Jan.
8:
Jan. 4 3379 Jan.
Jan. 7 10% Jan.
Jan. 3 51 Jan.
Jan. 5; 25% Jan.
Jan. 5' 60% Jan.
Jan. 3 22% Jan.
Jan. 2 31% Jan.
Jan. 11; 24% Jan.
Jan. 8 49% Jan.
Jan. 7 23% Jan.
Jan. 7; 80% Jan.
95 Jan.
Jan.
Jan. 10; 26 Jan.
Jan. 8 6678 Jan.
Jan. 3'114% Jan.
Jan. 5l 40 Jan.
120
145,570
66% 66% 66% 60%
113% 113% 114% 114%
^38% 40
i
205
45
100
15.'i
78 80
93% 93% 95
25% 26%
26
116
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
107% Jan.
17% Jan.
67% Jan.
1,423
18.415
1,500
14,295
79
•99% 100%
24
9
18
51
25% 25%
59% 60%
22
22%
30% 307a
23% 23%
48% 48%
24% 24%
25%
24% •23% 24%
96
100
63
44%
15%
33% 33%' 33% 33%
33
8
Jan. 10
9% Jan. 11
Jan. 11
23% Jan. 4
7% Jan. 2
70% Jan.
100
82%
107% 107% 107% 107% 107% 108
I714 I714 •17% 17%
17% 17%
•68
•68% 70
70
70
70
•38
13
1,050
50,912
2
9
67
10% Jan.
51% Jan.
91%
5%
2,315
50
13% 13%
73% 74%
73
45
Jan.
Jan.
Jan.
Jan.
4% Jan.
100 37%
1,235 90
860 86%
500 51%
2
2
Jan. 11
15% Jan. 11
37 Jan. 11
32 Jan. 2
93 Jan. 2
93 Jan. 3
58% Jan. 11
25% Jan. 8
144% Jan. 2
91% Jan.
56% Jan.
344
8
3
99
140 114% Jan.
10 Jan.
27 Jan.
1,050
3,125
9
9
Jan. 11
108% Jan.
140% Jan.
Jan.
30% Jan.
8978 Jan.
91=8 Jan.
55% Jan.
100 25 Jan.
54,635 139% Jan.
8,156
57
40
91
87
9
175
104
2,105
1,76
1,118
1,305
8 44
9
770
200 65
23
2
9
4
95% Jan. 2
64% Jan. 11
i
92%
58% 58%
-»
72% 74 14
22%
63% 64%
!
,Ian.
94% Jan.
01% Jan.
800 36
37
31% 32
93
92
15%
43% 44%
52% 52%
53
25%
59%
22%
30%
24%
48%
24%
18% Jan.
110% Jan.
43% Jan.
104
114% 115% 115% 115%
116
22 14
104
12 i,905
Jan.
Jan.
Jan.
3
3
4!l01
7
2
9
11
11
11
2
9
2
2
4
11
10
2
11
5
Jan. 11
22% Jan. 2
3 65% Jan. 7
3 12% Jan. 3
9 25% Jin. 10
5 60% Jan. 9
71
8
31% Jan.
5
9
Jan.
2
132% Jan.
4
82
Jan. 10 72
103
Jan.
93%
Jan.
37
Jan.
81%
Jan.
179
Jan.
84%
Jan.
2
Jan. 5
Jan. 11
Jan. 11
Jan. 2
Jan. 2
Jan. 11
Jan. 10
>
I
*Hi
American
'"'1
'lOO
*73
135
Inactive Stocks.
Tel.
84
6
80%
•94
•99
|
American
87
26%
60% 66%
65
5978
106
•9
23% 22
39% •38% 40
22%
95
63% 64%
104
140% 140% 140% 141%
•66
40
90
1214 1313 •12
13% •12
2414 25
24% 24% 24
102
•25
67
90
•26
99%
22% 22%
95
102''«
30% 31
91% 91%
92% 92%
67% 58%
•92% 93% •92
97
95
300 43
1,3.')0
1889.
36%
20%
17% Jan
8,513 107% Jan.
37
26%
99
18
100
17% Jan.
14% Jan.
15% Jan.
•92
5078
•37
-78
66I4
18
943
586
103% 104% 104% 104% 23,480 10278 Jan.
80
93
.
OnitodStates
WeUs, Fargo A Co
57%
52
•8%
92i« •92
.
93
93
92
PaolflcMall
'seia 3713
36% 36% 38% 30%
PhlladelphlaCo.,Nat. Gas....i *79i3 81
•76
81
81
Pullman Palace Car Co
1*172
175
174 175
174 174
Western Union Telegraph
8314 83%
83% 83% 83% 8378
Express Stocks.
Adams
92
I6I4
16
47% 48 13
24ie 24%
8II4 8II4 81
131=8 132
131
'71
72 13 70
81
91%
66=8 66=8
1131311313 II314II4
1121a 114
•94
*98ia
97
99
31 14
52
4314
•15
8I3
33
•16
50=8
5,987
1,
8% Jan.
53% Jan.
32% Jan.
Jan.
Jan.
103% 104
11
6
4414
197e
109% 109%
63% 63%
•35
37
2714
I6I4
5
14% 14%
21 'a
*9Sia
*22i8
64I4
•I214
•2414
RIlHcellaneons Stocks.
8%
*33
10
50=8
2514
5914
447a
151a
62
43 14
30=8
*23
4314
241a
113
40
*9l
Erie, pref.
4418
'15
22 14
93
pref
61% 61%
•21=8
*26
*66
A Pad tic
A Lake
18
51
25
78% 79
Union PaclHo
St. L.
llHi
8 '8
331a
•50
Ohio A Mississippi
Oregon & Trans-Continontal.
Peoria Decatur A Evansville.
Do
141a
331a
*16ia
pref.
Horthem Paoiflo
Do
prof
Wabash
44%
8%
. .
Do
orfolkA Western
Do
pref
44
3.715
15,290
975 102% Jan.
106% 107% 107% 10778 29,410 100% Jan.
357 140% Jan.
140% 140% 110% 140% 140%
8,471 96% Jan.
98% 1)9
98% 97% 98
•14%
301^
15 Jan.
15% 15
15%
15%
93% 95
.
pref.
95
10278
9^
22
84
114% 110
13% 13% 13 14
72 14 7313 72=8 73
*8
*8
9
9
9
83I3 •82
84
Hashv. Chattanooga <&8t. Louie
831a *81
Hew York (,'ontral & lludson. 1071a 1071a 10713 10818 10778 10778
*17
17% 17% I714 17%
Wew York Clilc. & St. Louis.
171a
•0713 6<»
*67ia 69
Do
let pref
671a 70
•37 13 38I9
3714 39
Do
2d«ref.. *37ia 38
27
2718 27%
27>8
2714
York
Erie
271a
Wew
Lake
<& West'n
14
Do
•17
8
52
51% Jan.
91% Jan.
610 35% Jan.
52%
98%
35%
16%
1889.
Highest.
107=8
514
5
17
18
237
100
52%
98%
35%
19%
16%
42% 43% 43% 43%
94% 94%
63% 0378
914
•65
67
71% 72 14
Few York A New England
Hew York Ontario A West....
Hew York Susq. A Western
16
108% 109
43
140=8 13978 1407e
lOia
511a
9113
•11
43
431s
52%
97% 98%
36
36%
19% 19%
52
45
93
93
56 Tg 57
87
19
108% 108% 109
*16i4 lO'e 16
I6I3
5178 5218
51% 51%
103=8 104
103=8 103 'a
3714
901a
52% 52%
97% 97%
35% 36%
19%
17%
63% 63%
9
•65
*114iall6
•913
Lake Shore A. Mioh. Southern
Long Island
Do
10
66
4%
52%
97
26
45
•22 la
*84
4%
52ie
Lowest
Shares.
8ifl
8% 8% •8% 8%
8
8
81s
•51% 53% *91\ 52% •51% 52% '51% 52%
•2514
*9
66
Week,
Friday,
Jan. 11.
1,
Range Stnoo Jan.
Bales
of (be
Tlmrsday,
Jan. 10.
9.
103
43%
,
Lake Erie & Western
Hlnneapolls
9i«
418
Illinois Central
Do
45
Jan.
8.
IO314 103>4 103
10718 107% lOOKg
•14014 1411a 140%
97I3 98
97%
161a 13
151a 13
35 361a 35
36
317^
31
3078
32
92
90%
901a 92
91=8
92
921a •91
5813
57% 57% 57%
911a
•91
•57
*25
26
26
14118 14014 141 Hi
67
•211^ 23
*84
87
l»t pret
Do
32
90=8
*64
2d pref.
Do
vansvllle * Terre Haute
Green Bay Winona & St. Paul
Ind. Bloom. & West
Klngstoncfe Poinbroke
*13ia
*34ia
*9m! 92
St Louis & Cliic.
OtevelandCol.Cln.&Indianap
Onolii. Ind.
Do
151a
37
31%
Wednesday.
Tuesday.
JAN.
A Cable Co.
8018
144% 144% 145
148
112
76
140
110
•73
135
110
110
75
140
74
132
80% 80%
56% 55%
136% 137%
•37
38
37
•%
1%
•80
8018
Atchison Top. & Santa Fe
5571 56 14
Chicago A Alton
134 138
Chicago Gas Trust
"'A 'sf
38
Onolnuati Wash. A Baltimore.
* =8
Do
•1% 2
pre"
_
Fort Worth A Denver City
•17% 20%|
Y. Nt-w Ilavcn A Hartford
241 245
JJ.
Ohio Indiana A Western.. .
979'
„-„
9%
Oregon Short Line
'42% 43 %j
Qalcksllvor Mining Co
'614
7%'
Do.
pref.
'SO
37
.„. ^
Klch. A Allegh'y, Drexel roe. "13
15
*
S)uth Carolina
4%!
Tol. Ann Arbor A N. M....i;!l "22"" 23
""
Cameron Iron A Coal
•25% 20
N. Y. A Perry Ciial A Iron ...
29
29
.Tennessee Coal A Iron
^34% 31%j
56
136
m %
1
'
I
'
178
1%
17e
•17% 20
1
20
241%211%*241
978
~-
9781
•42% 44
•6% 7%
35
37
15
4
23
•25% 26
•13
•2
•21
10
147
110% 110% 109
•73
75
75
132 136
130
144
145
110>1
75
137
•2%
147
110
137% •135
37
33
I
%'
178
*%
•1
*135
37
137
38
%
138
1
2
•I
138
37
•240
9%
213
245
9%'
I
*130
81% 81%
5578
137
56%
137
36% 37
1
•%
1%
213
136
190144% Jan.
442 109
235,
I
I
1
5
81% Jan. 11
54% Jan. 3 58 Jan.
310 136 Jan. 2 137% Jan.
795 36% Jan. 11 38% Jan.
8,607
'
1,000
%Jan.
l%Jan.
100 20 Jan.
110 211% Jan.
792'
1
I
1,5501
25% 25 %|
6 435
29% 30% 30% 3078' 30% 31
•34
33% 34%' 3378 34%
34%
3,200i
,I>o
pref...' 95%
95
410;
94% 91% •93
94% 94%
_,
Tarlons Stocks, dec. (On! Isted.) 95%|
Amer. Cottxm Oil Trust
5178 52 %i 51% .52%! 51% 5178' 51% 53
39.626
Kpe Line CertlHeates
8578 80%' 85% 87%! 85% 86%
87% j.oj-'.ooo.
86
86%
* These are the prices bid and asked; no sale was
Prices from both Exchangee.
made at the Board,
'
Jan. 10
Jan. 2
Jan. 3
I
734 80% Jan.
9% Jan.
200 36 Jan.
300 14% Jan.
3 Jan.
200
3
23
4 76
I
1
1%
2 147
Jan. 10 113
73% Jan.
36%
3
'24% 24%
i
300 42% Jan.
36~
4
23
145
•42% 41%
•6%
7
•14% 15
15
145
2
^17% 20
20
245
10
i
110% 110%
75% 75% 75%
81
80% 80%! 81
65% 56% 55% 56
81
50
•6% 7%
•35% 37
14%
148
0%Jao.
22
21%
29
33%
93
Jan.
Jan.
Jan.
Jan.
Jan.
2
8
2
7g Jan.
4
4
3
2% Jan. 2
4 21% Jan. 2
7,215 Jan. 2
2
5! 11% Jan.
HI 4278 Jan. 11
3
6% Jan. 3
9
91 36% Jan.
8' 15
Jan. 8
Jan. 3
4
9;
4 22% Jan. 4
8 20% Jaa. 3
5 31% Jan. 11
8 35% Jan. 2
4 95% Jan. 5
I
1
•
t
51% Jan.
83% Jan.
7
8
53% Jan.
88% Jan.
2
3
THE CHKONICLE.
62
BONDS
PRtCES OF ACTIYE BONDS AT
- LATEST
iMweti.
4
/«?i.ll Jan.
—
DuL &
Iron
Jii.Xen.
V.aiG.— Con.,
119%
75%
86
75
80
119
75
86
73%
34
Range- l6t,58,1937
96''8
9712a. 97
102 b. 1(j2
58, 19 j6. 1021a
Bllz. Lex.
B. Bandy— 6e, 1902. 100 b lOOia
99
Brte- l8t. oonBol. gold, 78, 1920 138 lab. 137 b. 1371a
llO^b. llO-ab. 110%
long Dock, 7a, 1893
&
Con. 08,1935
23
Jan.
Jan.
Jan.
1071a
9414 Jan.
IO6I9 Jar.
120 Jan.
80ifl
ids % Jan.
1161a Jar.
109 Jan.
113^ Jan.
1021s Jan.
106 Jan.
79?i Jan.
8II4 Jar.
31 Jan.
II4I4 Jan.
98
Jan.
105
Jan.
93
Jan.
11814 Jan.
119 J»n.
971a Jan.
100 Jan.
12314 Jan.
112 Jan.
Ill
Jan.
10338 Jan.
9912 Jan.
100 Jan.
145 Jan.
132 Jan.
119 Jan.
109
Jan
10912 Jan.
105 Jan.
981a Jan.
133 Jan.
105 ig Jan.
I2014 Jan.
9612 Jan.
931a Jan.
130 Jan.
IO412 Jan.
8II4 Jan.
Jan
119%
Jan.
Jan.
Jan.
76
86
76
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
341a Jan.
971a Jan.
10 J Jan.
100 ij Jan.
139 Jan.
110%
Jan.
120i8b,
K.Y.L.E.&W— 2dcon. 6b, 1969 101%
98
Ft.W. AiDenv.C.-l8t,68, 192) go's
Gil.H.&Sau.Aut.- y.uiviBi.ut 94 b.
Or'nB.W.&Bt.P.- ;dlnc.88,191j 201a
GuliCol.&ean.Fe-l6t,7B, 190'. 11238
Gold, 68, 1923
78
Han. & St. Jo?.— ConB. 69, 1911
HenUcrBOn Br. Co.— Ist. 6s. 103 110 b.
Int. & Gt.Nor.-lBt, 6B,gold,'li 109 b.
Conpon,6e, 1909
70kb.
Kent. Ccutr.— Gold 48,1987...
78%
KaoxT. <feO.— let, 68, gold, 192! 101
li. Erie & W.— let g., 58, 1937
107 lab.
I*ke8h.— Con.c )np.,let,78,190( 126I4
98
90
9013
9414
K414
18
1061a
70I4
12014
I8I2
lllia
8212
Jan.
Jan.
Jan.
Jan.
Jau.
Jan.
Jan.
10116 Jan.
91 Jan.
941a Jan.
21 la Jan.
II0I2 Jan.
8712 Jan.
121iaJan.
lC9i2b. 1091a Jan. 10914 Jar.
70 b. 7II4 Jan.
72 Jan.
73
78%Jan.
711a Jan
102
101 Jan. 102 Jan.
.
1071a
I0712 Jan. 1071a Jan.
125 b. 125 14 Jan. 120iaJ2n.
Con. coup., 2d, 7«.in()S
124
124 Jan. 1241.1 Jan.
I2414
Island— let, 78, 1898
123 b. 122iab,
Ist, oonBol.,68, 1931
II414 Jan. II414 Jan.
Gen. mort., 4s, 19i8
92iab. 92iab. 9'2ia Jan.
9234 Jan.
Vou, & Nash.- consol.,7s, lb9fc 119
118% 118% Jan. 119 Jan.
Mng
K. H. & N.— let, 68, 1919
115 b.
General, Oe, 1930
112%
IniBt Bonds, 68, 1922
109%b.
10-40,68, 1924
101 140.
50-jcar 58, 1937
97 Sib.
tiOn.M. A. & Ch.— 1st, 68, 1910.
93'
Consol., gold, 68, 1916
Mem. & Ch'iston- 68,gold, 1924
Metro. Klovated.- Ist.es, 1908. 113
2d, 68, 1899
106%
Mich. Central— Ist, con., Ts, 'Oii 132
115
Ill
b.
b.
10958
101
99
b.
a.
112iiib.
93
b.
Consol. nn, 1902
Mil. Lak 8U. & W.— 1 st, Os, I92'i I19I4
IIS^B
Conv. deb., 59, 1907
9314b.
-
Mliw.
A Kor.-M. U,
68, 1910..
107
b
112%
112
Jan.
1091a Jan.
101 13 Jan.
98 Jan.
Jar.
110 Jan.
101 1« Jan.
93 Jan.
112i4Jau. 113i8Jan.
03 Jan.
93 Jan.
10214b.
112
106
130
113
Ill's Jan.
106 Jan.
13II4 Jan.
106%
132
Ja».
Jan.
Jan.
118% Jan. 119i«
Jan.
931a Jan.
Jan.
1051a Jan.
921a Jan.
lOOia Jan.
104 lab. I0514 Jan.
107
1061a
Extension. iBt, 68, 1913
10.iia
Minn. & St. L.— l8t, 7s, 1927...
90 b 91 b,
Mo. K.&Tex.— Con., 68,1920... 61 b. 61T8
Coneol., 5s, 1920
56'8
561a
CoBBOl., 7a, 1904-5-6
U014
90 "sb
Mut'rl Pac— iBt, cons., 68,1920 111 b. llOifl
Sd, 7b, 1906
114iab
117
Pac. of Mo.— Ist, cxf d, laV'SS 98 14
97''8b.
2dM.. 7e, 1B91.. ..
Mobile & Ohio— New, 6a, 1927
11414 a.
General mort. 4s, 1938
42 b. 41%
61
56
90
Jan. 11 Jan
Mutual Un. Tele.— S. f ., 68, 1911 KiO
Nash. Ch. & 8t. I..— let, 78, 1913 129 b.
98 b.
Consol. 5e,'1938
N.Y. Central— Extend., 58. 1893 10438b.
N.Y.C.<feH.-let, cp., 7b, 1903 134 b.
b.
Debenture, 5b, 1904
ISlia
N.Y.&Har.- Ist, 7s,1900
N.Y.Chlc.&St.L.— l8t,48,1937.. 9214
N.Y. Elevated— iBt, 78, 1906.... 11J;V
N. Y. Lack. & W.— Ist, 6s, 1921. 133 b.
liais
Construction, 5s, 1923
108 b.
N. Y. & Nor.-lst, 5s, 1927
N.Y. Out. AW.-lBt. 68.1914
N.Y.Sus.&W.— letrel.,58, 1937. 94 ij
Midland of N. J.— let, 68,1910 114ia^
Norfolk&WeBt.-Gen., 6a, 1931 1-7 b.
North.Paclflc— l8t,coap.,68, '21 HO
Lovsesl,
Oregon
Iiupr.
Co.— let, 68, 1910 1 05
Evansv. Dlv— let,
2d mort., 58, 1927
Phil.
llOia Jan.
1161a Jan.
97% Jan.
104 Jan.
104%
Jan.
43
Jan.
b,
103
64
66
& Read.— Gen.
Jan. 103 Jan.
i 8
Jan.
Jan.
8858 Jan.
89 Jan.
9214 Jan.
91%
9138 Jan.
78=8
7734 Jan.
791a Jan.
61 'b
02 Jan.
60 Jan.
76ia
7OI4 Jan.
77 Jan.
57 b. 58 Jan.
59 .Tan.
25 b 26 Jan.
26 Jan.
114 Jan. II413 Jan.
86I4 Jan.
86ia
8634 Jan.
97'
96ii Jan.
98 Jan.
78''8
58,
59,
59%b.
77
59
2538b.
A Dan.— Cons., 68, Wl.") 114>4
86 b.
Consol. gold 5s, 1936
2dmort..68,1916,Drexelcert.
Rlchm.
Eich.A W.Pt.Ter.-Trust
Roch.A
Pitts.— Cons., 6s, 1922. Ill
108
RomeW. A Ogd.— l8t,78, 1891.
103
b.
66
,
98
es-.^g'
b,
88=8
89
91^8
48, 1958...
1958
1958
Plttsb.&West.—lst.g., 48,1917
Kloh&AJl.— 1st, 78,Drexelcert.
2d pret. income
3d pref. income
b. Ill b.
b. I07iab.
108%
108ia
1906
Olaaa B, 5b
1906
Olaas C, 4s
1906
6», 10-20
1900
Arkan.xas- Ob, funded. .1899-1900
7b, Little Rock A Fort Smith, lee.
7b, MetnplilB A Little Rock, Ibs..
7e, Arkansas Central RR
Seorgia— 7b, gold
1890
IjCOlBlana— 78, cona...
1914
Btamped, 4s
Jtlc.altfan — 78
189o
Bid.
Ask.
IO314
84ia
Montana Ext. Ist, 4s, 1937.
83 b.
Shen.Val.- l8t,7p, 1909,Tr. ree. 85 b. 80 b.
31
Gen'l 68, 1921, Tr. lee
89 b 95 a.
Bo. CaroUua— Ist, 68, 1620
48
2d,6B, 1931
48
,^l8
5isb.
Inc., 6b. 1931
So. Pac, Ariz.-lst, Gs, 1909-10 105 b. 105 b.
80. Pac, Cal.—Ist, 68, 1905-12 . 1 1 3 58l). 11314b.
U5 b. 105%
So.Pac.,N.M.—l8t, 68.1911.
Tenn.C.I.A Ry.—Ten. D lst,6e. 88 b. 88 b.
89iia.
Birm. Div., let, 6s. 1917
OO's
Tex. A Pac.— Ist, gold, 5s. .2000 9II4
3814b. 38 lab.
2d, gold, inc., Ss, 2000
Tol. A.A. A N. M.— lBt,68, 1 924. 99iaa.
Tol.A.A. A Gr.Tr.— iBt, 6s, 1921 103 b.
Tol. A Ohio Cent.— l8t, 58, 1935 101%b. ICOiab
91i8b.
Tol.8t.L.& Kan. 0.—let,6s, 1916 93
U4i4h.
Union Paoitlc-lst, 69, 1899.... 115
101%b. 101 %b.
Land giant, 78,1887-9
Binklugfund, 88,1893
119 b 119 b.
Kan. Pacific— l8t, 6b, 1895.... llliab. Ill b.
lOgijb. 100 b,
l8t,68,1896
DenverDiv.— 68, 1899
113iab. 113 b,
112ia 112
Ist consol, 68, 1919
Oregon Sb. Line -Ist, 68, '22.. 113ia 112
Virginia Mid.— Gen. m., 58.1936
Wab.8t.L.AP.-Gen.,68,Tr.rec. 35 b.
Chicago Div.— 58,1910,'rr.rec. 90
89 b.
Wabash— M, ,7s, 1909, Ir.reo. 86
86 1.
IOOI4
102
10
10
10
6
1031a 106
108
103'
681a
Tol. A W.— lBt,ext..78,Tr.rec-i
Be.
31
90
48
6
Jan.
90 Jan.
47 Jan.
518 Jan.
9uiab.
105% Jan. 105%
Jan.
891a Jan.
9034 Jan.
38% Jan.
90 Jan.
103 Jan.
101 Jan.
921-2 Jan.
115 Jan.
S-9
Jan.
Jan.
Jan.
Jan.
A-
L
ike
E.— 1st
oa.
1926 102
1121a Jon.
1131a Jau.
79 Jan.
79
Jan.
Jan.
Jan.
831a Jan.
86 Jan.
89I2 Jau.
102 1-2 Jan.
103
Bid.
RR
1910
I9U1
Ask.
100
101
107
BECURITCES.
Jan.
lllia Jan.
109 la Jan.
"9014 Jair'
87 Jan.
901a Jaa.
88
Jan.
91
88
Jan.
Jan.
10338 Jan.
9638 Jan.
4058 Jan.
1001-2 Jan.
103 Jan.
Bid.
Ask.
Rhode Island— 6s, ecu. .1893-1894 110
414
South Carolina— 6s, non-fund. 1888
S^a
Brown consolidated 68
1893 104i4|105
64
Teunessee— 68, old
1892-189ti
ComproiuiBe, 3-4-5-68
1012 74
New settlement—6s
1913 103 105
5s
1913 100
71 14 7i%
38
1913
48
Virginia— 68, old
70
6s, coupoJidated bonds...
llOij
111
35
10
20
10
91
1231a
Jan.
Jan.
Jan.
lOlifl Jan.
05 Jau.
115 Jan.
1(1-1
112
112
i
Wheel.
OlkJan.
39
100
110
b,
8.S
Jan.
89 Jan.
89 la Jan.
119 Jan.
IIII2 Jan.
IO912 Jau.
l8t,8t.L.Dlv.,7s,188P,Tr.ree 90 b. 88iab,
2a, extend., 78, 1893,Tr.rec. 87iab. 87 b, 88
Jan.
Con., conv., 7s, 1907, Tr.reo. s^6 b.
Gt.West.— l8t,7a.l888,Tr.rec. 91
88iab. &9
Jau.
87 b.
2d. 76, 1893. Tr. rec.
88 Jau.
West Shore- Guar.. 4
I10314
i02%"' 10231 Jau.
West. N. Y. A Pu.— Ibt. 5s, 19371 96
9014b. 9,")i4 Jan.
40
2d mort.. 3g., 5sc., 1927
40 b. S9-% Jan.
Weat. Un. Tel.— Col. tr., 5s, 193S'l0((
0938
98''e Jan.
due 1889 or 1890
Asylum or University, due 1892
Funding
1894-1895
New York— 6b, loau
1892
6s, loan
1893
North Carolina— 68, old..
JAJ
Funding act
190O
New bonds, J. A J
1892-1898
Special tax. Class 1
ConBolidated 48
841a Jon.
31
.
.
,
BECURITIEB.
Chatham
8314 Jan.
. .
Missouri—68
110
107 13 Jan.
109 Jan,
.
WOM—The letter " b" Indicates price bid.aai" »" price asked; all other prioea and the raoge a^e from actual salei.
STATE BONDS.
A'abama ClasaAStofi
IO712 Jan.
IO8I4 Jan.
at Jo. AGd.Ia!.- iBt, 68, 1925 l(J4ia 104 12 104 Jan. 104 13 Jan.
II2I2 Jan. 1121a Jan.
St.L. Alt.&T.H.- lst,7s, 1894. 1)2 b.
103 b.
2d, M., pref., 78, 1894
104ia
104 b. 10412 Jan. IO412 Jan.
2d., M., Inc., 78, 1894
96I4
9314
92 Jan.
961a Jan,
St. L. Ark. & Tex.— 1st, 68, 1936
36''8
34 b. S5ia Jan.
36^8 Jan.
20,08, 1936
108T8
1892.
..
lOa'ab.
Jan.
Ir.
Mt.—
Ist,
78,
100
A
Jan.
St. L.
l(;8''e
106
2d mort., 7b, 1897
1061a 106 Jan. IO6I2 Jan.
CairoAl'ulton-l8t, 78, 1891 102%
102 b. 102 12 Jan. 102 3i Jan.
Cairo Ark.& Xcx.-lst,78.1897 1040g 104%b. 101 !% Jan. 10458 Jan.
85 b. 84 Jan.
84 Jan.
Gen. Ky. A laud gr., 58, 1931. 8*
116 Jan. 116 Jan.
St. L. A San Fr.- 68., CI. A,1906 117 b. 116
b.
B,
1906
117
117
Jiin.
115% 115% Jan.
68, Class
117 b. 115%b II513 Jan. 116 Jan.
68, Class C, 1906
113i«
1931
\llf>ht
b.
115
Gen'l mort., 6s,
Jan. 1151a Jan.
102
10114b IOII4 Jan. 10214 Jan.
Gen'l mort., 5s, 1931
Dak.
Ext.,e8,1910
119
b.
ll7iab.
Bt.P.M.AM.118 Jan. 118 Jan.
115i2b. ll.'iia
1151.3 Jan. 115% Jan.
lBtcons.,6B, 1933
98I4 Jan.
reduced to 4ia8.. 98 b. 97 lab. 98I4 Jan.
Do
97 b. 98
08 Jan.
Collat.tr., 68, 1898
97 Jan.
llli4Jan.
117 Jan.
98i4Jan.
41^4 Jan.
104
1920. .. 103
68,
Istpref. Income 08, 1958
Jan.
5714 Jan.
91
Jan.
Jan.
Jan.
Jan.
110 b
Ore. R.&Nav.Co.— Ist, 68,1909 llOie
103 b. 102 b
Consol., 58, 1925
Oregon A Tran80on.—68, 1922.. 102ia lOlia
Penn. C0.-4129, coup., 1921.... 107 b. 107
Peo.Deo.ifcEvans.— let, 68, '20
6i
Jan.
Jan.
99
129isb. 129
m,
'.
BECURITIE8.
1,
Highest
9S0a Jan.
104141). IOII4 Jan.
134 a. 133 Jan.
llliaa. 1113a Jan.
Jan.
1311a'.). 130
91''8
015s Jan.
115 b. 116 Jan.
129 b. iolia Jan.
11214b. II318 Jan.
107iab. IDS
Jan.
Hl%b. 112 Jan.
93 lib 94 Jan.
114i«b. II412 Jan.
117 b 11714 Jan.
115% 1151a Jan.
112iab. 1121a
112 Jan.
Gen'l, 2d, coup.. 1933
98
97% Jan.
1937
Gen'lSd, coup. 68,
103% Jan.
N.Pao.Ter.Co.— l8t,68,1933... 104
OhioInd.&West.—lst, 58,1938 68 b, "e'iia" 641s Jan.
Ohio &Mi88.— Consol., 7s, 1898. 115 b 114 lab. 115 Jan.
119
119 Jan.
2d, consol., 78, 1911
OhloSouthcm— Ist, 68, 1921. .. lOSia 103 laa 103 Jan.
b.
43
45'a
44% Jan.
2d,lno.,68,1921
OmaliaA St. L.-l8t,48, 1937.. 71iab. 71i2b.
Consol.,extend.,5s, 1922
b.
34i8b.
1889.
I
21 Jan.
78*9 Jan.
78''sa.
lOe'^sa. 106i« Jan.
10634
93J4
9314 Jan.
9414
100 b. 105^b. 106 Jan.
120 Jan.
119 V) 120
123'4b. 122 b.
108% lOGH! ib'64 Ja'n"
11512b. llSig Jan.
II6I4
108 b. 108 Jan.
1921.
Am. Dock & Imp., 58, l»»».- 109
1131a
1131a Jan.
68.
gold
Pacillc—
Central
102ial). 101«»b. 1021a Jan.
Laisd erant 68. 1890
105 13 lt)538 Jan.
--103
1036
Moit. 68,
7934 Jan.
Olies. & 0.-69,g.,B,reorK.cer..
7914" 7914 Jan.
Kxlcoup., 44ri986,reors.cer. "si"" 28 b. 29ii, Jan.
cer.
31
«j,oarreuey, 1918, reorg.
II314 Jan.
;%\\-" llS^a 113
Mort.6e,1911
... 106
a. 106
OUeB. O. & 80. W.-5-6B. 1911
97 b. 98 Jan.
\j.
1926.
98
Nor.--lst,58,
&
OhlcBiir.
1903. 130 h. 129 b,
Ohio. Burl. & Q.-Cou. 78,
104 b, 104 Jan.
103
Debenture 68, 1913
93 b. 92 %b
1923.
Denver Divle., 48,
9214
Ol'^a Jan.
Nebraska Ext. 4s, 19-7 ...... 93
117 b. 118 Jan.
Ohio. * E.IU.-lBt,8.f.,0s,1907 llVHsK
119 lab. 117 b. 118 Jan.
Con. 68, 1934..............
97 b. 87 Jan.
97^2
ueu. cousol. I8t, 5b, 1937
99 Jan.
CUo. & Ind. Coal R., Ist, 5s, 36 12314 100 a. lZ2ia
Jan.
1905
1221a
Oh.MU. & Bt.F— Coneol. 78,
113 a. 112 Jan.
l8t, Boutli-west Div., 69, 1909. 112
Ill
u.
Jan.
109%b.
110
iBt, 80. Mlu. Div.-e8,1910....
'21 10314
103
103 Jan.
let, Clil. & Pac.W.Dlv— 58,
98isb.
Jan.
99
99
WlB.<feMin. Dlv.-58,19*1...
Terminal 5b, 1914..... ........ 10014b. 101 a, 100 Jan.
J«b.
145
a.
Jan.
143%
1915
145
Oblc. & N. W.—Consol. 7b,
12914 Jan.
132 0. 182
Gold, 78, 1902
Jan.
119
119
BlBklngIiuid6s, 1929
lOS'sb. 108'8
1081a Jan.
Blnklug fund 58, 1929
109
b.
Jan.
lOHi4h.
ie.9
1933
Blnilngfund debent. 58,
Jan.
10514b. Its b, 105
86-year debent. 59, 1909
lab.
Jan.
981a
9S
98
ExteuBion 48, 1926
01»l.K.I.&Pac.— 6B,ooup. 1917 132 b. 132 b 133 Jan.
104%
Jan.
105
10458
18
Exten. & col. 58, 1934
120
1191a Jan.
C31i.Bt.P.,M.& O.— CoBBOl. 68. '30 120
Oh.Bt.L.& Pitts.— let.oon. 6b,'32 96 b 97 a. 961a Jan.
921a J an.
Cleve. & Canton— let, 59, 1917.
130 Jan.
O. C. 0. & Ind.— Cousol. 7b, 1914 129 b,
111 b.
Gen. 68,1934
1031a 100 Jan.
Col. Coal & Iron— iBt, 68, 1900.. 1021s
81 a. goia Jan.
Col. H. Val. & Tol.— Con. 58, '31 81
82iaa. 8 212a.
Gen. gold, 6e, 1004
Denver JB KioUr.— lst,7s, 1900 11914b.
7514
lBtcon.4B, 1936
Den.<t R.Gr. W.-lBt,68,1911. f5 b
74 3i
Aaeeiited
Den. 80. Pk. & Pac.— Ist, 7e, '05 80 b.
Det.Mac.&M.—Ld.gr.3'«8,1911 35 a
Sailroad Bonds.
1,
Range since Jan,
Oloiing.
Highest.
21i«
* Pao.-W. D. iDC, 68, 1910
Gaar., 4b, 1037..
kV'-iani
190^
0»ti. Boutli.-l»t guar., 5b,
;;,-aan"
Sd, 5s, 1913
J.-l8t,7B,1890..
oSiialoJ N.
O<m»o!.78, 1899
Oonvert. •/e, 1902.-..-.
Oeneral mort., 58,1987......
nt
Eeu, & W.B.,coii.78, 1909,M ..
STOCK EXCHANGE, AND KANGE SINCE JiN.
since Jan. 1.
Range
CJiotinff.
Bailroad Bonds,
N. Y.
[Vol. XLVIll.
6b, consolidated,
1
2414
- «.
2d
(L'Tr.-. .-,1. (riTMi
series
r..,.,
,
50
10
10i«
January
THE CHRONICLE.
12, 1889.J
63
BONDS-STOCK EXCHANGE QUOTATIONS OX FRIDAY OP THE LESS ACTIVE RAILROAD BONDS.
SECURITIES.
Bid.
Railroad
Boiiil!).
(Slock Exchange J'riee:)
Atob. Ton.
A
San. Fe
—l^B
...
1920
1911
1937
1037
einklnii fuiui. eg
BECURirrES.
Ask.
Bid.
BE0XTRITIE8.
E. Tenn. Va. A Ga.— Ist, 7b.. .1900
12OV1 Northern Paclflc— (Continued) Divisional ns
1930 '1051*
Spokane A Pal.— lat, Oa.... 1936
96
1st ext., goll. ,'>»
1937
Bt. Paul
N. P.— Gen., 6a.. 1923
04 1«
106>i
Mobile A BInii.— 1st, g., 68.1937
HelenaA RedM'n- l8t,g.,69.l937
A
BkL
Aak.
101
110<« 121
Dul. A Manitoba— lat, g. 68.1936 100 >s
1897 1171*
97>3
2d, extended, 5s
II914
fts.
Do DakotaDlv.— Ist, 68.1937
1919
lOOTg
iisii
Bait. A Onlo— Istes, Park B ..1919 116
3d, extended, 4198
1923 111 UII4
Jm. M. a Mo. R.— Ist, 59
1937
192."^ 1(I8»8
fis.frold
4th, extended. 5a
North. Pac. A Mon.-l8t,Cs.l938
1920 11513
Conn. Tiiort.. Kold, 5«
1088 107%
5th, extended, 4s
1928 104 14 1041s Norf. A W.— New Rlv.— lat,68. 1932 110
85
Beecli CrM'k-lat gold, 48
1936
Ist, eons., fd. coup., 7s
Imp. A Ext.. 6s
1920
1934 1041s
9818
Boot. H. Tun. & W.— Ueb. 5»...1913
Reorg., lat lieu, 6s
1908 ibVi'
A<yuatment M., 7»
1924 100
Brooklj-u Kiev.- Ist, O., 6e. .1924 108
B. N. Y. A E.-lst, 78
Equipment. 58
1916 135 140
190S
2(1, 3 Sa
80
1915
K. Y. L. E. A W.—CoL tr., 6B1922
Clinch Val.D., 1st equip. 58.19.^7
Brunswick & West.— lot, tr.,48.1938
Funded coup., 5s
1969 88>3 891a Ogd. A I.ake Ch.— Ist.con. 68.1020
Butt. Ro<h.APltt«.-Gpn., 58... 1937
95
Income, 69
Ohio A Miss.—Cons., s.f., 78.. 1898 115 lisia
1977
Koeli. & Pills.— 1st Cs
1021 114
Buff. A S. W.— Mortg. 68.... 1908
Sp'gfleld Dlv.-l8t,78
1905
92it 93
Borl. Ce. K»ii. A No.— Ist.Ss.lOOO
Eureka Springs Ify, lat, Gs, g.l933
General 58
1932
Ooi)8ol. <» rol.tr, 58
1934
118
Evan. A T. H.-lst, coua., 68.1921
Ohio River RS.-l8t, 58
1938 100
Minn. A St. L.-lBt 7s, gu 1927
115
Mt. Vernon— iHt, 68
1923 109
General mort., gold, Ss
1937 83
IO2I11 Evans. A Indian.— ist, cons.. .1926
lows C. & Wfst.-l8t 78. ...1909
Oregon A Cal.— 1st, Ss
.,1927
Oed. Rap. I. F. & N., Ist 68.1920
Fl't A P. Marci.- Mortg.. 68... 1920 120
Panama—Sink, fd., sub., 68. ..1910
lBt.^8
10914 Pennsylvania RR.—
1921
Gal. liar. ASan Ant.- lst,68,1010
Central Ohio Reor.— Ist, 4»28, 1930 lOS's 104 J4
1001-2
2d inort. 78
1905
Pitts. C.ASt.L.— l8t,op.,78.1900 118
Cant. RR. & Bank.— Col. if.,58.1937
9 7 Hi
Grand Rap. A Ind.—Gen. 5b.. 1924
997e
Pitts. Ft. W. A
1st, 78... 1912 1401s
Cent, of N. J.-Conv. deb. 68.1908
76
Green B. W. A St. P.— Ist, 68. 1911
2d, 7a
1912 I38I3
Central Pacitlc-Gold bde., 681895 *112i4
106%
Housatonlo- CouB. gold 5s. .1937
3d, 78
1912
Gold bonds, Bs
i25is
126%
HouB. A Tex.
1896 1121s
Clev.
Ist, lu. 1. 78.1t91
A P.—Cons., s. fd., 7s. 1900 120
*116l3ill7l4
Gold bonds, Bs
1807
1133i
Istra. 1. 7s, Tr. receipts
4th, sink, fd., 6a
1892 105 105 >•
San Joa<iuin Br. 68
1 900
114>s
West Div. 7s
.1891 1231*1126%
8t. L. V. AT.H.— iBt, g., 78.1897 113
_CaL & OrpRon— Scr.B., 6s. 1892
Trust recclpti!
2d, 7b
1181a
1898
™
west. Paclflc— Bonds. 6a. ...1899 111
Ist Waco A Nor. 7s:.
2d, guar., 78
1903 105
1898 110
No. Railway (Cal.)— 1st, 6a. 1907
2d m. 88 M. 1
Peoria A Pek U'n— lat, 68
1921
1912
1141
Clias. & O.— Pur. M fund. 68.1898
115
112
Trust receipts
2dM., 4I39
1921
69
70
6s, gold, efr. A
Gen. mort.es
Phlla. A R.— 3d pr. luc. conv.,195S
1008 •112 115
1921
60
Ches. O. A So. We«t.— 2d 6s... 1911
79
71
Pine Creek Railway— 68 of 1932
Trust receipts
Clilcago & Alton— Ist, 78
107
Pitta. Cleve. A Tol.— lat, 68... 1922
Illinois Central— Ist, g.,4». ..1951
1893 llOia 111
Blnldne fund, 68
let, gold, SiiS
1903 123
19.M
1922 •109
911s Pitts. Junction— 1st, 69
Louis. AMo.Rlver— I8t7s..l900 124 la
Gold 48
S97e lOOis Pitt9. McK. A Y.— Is't, 68
1932 112
1952
„2d78
Springf. Div.— Coup., 68.. ..1898 113
Pitts. Painsv. A F.— 1st, 58...1910
1900 120
95I4
Bt. L. Jacks.A Chic— Ist, 78. 1894 ll4ia
Pitts. Y. A Ash.- 1st OS
Middle Div.-Reg., 5b
1927
1921 '11313
Ist, guar. (564), 78
Rich. A Danv.— Debenture 68.1927
1894 II414
C. St. L. A N. O.—Ten. I., 78. 1897 118
Zdmortg. (360), 78
lat, consol., 7s
Debenture, ex coupon
1898 11714
1897 118 121
91
2d, guar. (188), 78
2d, 68
Atl. A Char.— 1st, pr., 78
1898 *ll3«e
1907 118
1897 110
108
Gold, 58, coupon
Incomes
1900 991s
1951 H513 116
#.;?'*?;*• Bridge— Ist. s.f. 6S.1912
CUc. Burl. & No. -Deb. 68.. ..1896
Dub. A S.
112
8t. Joa. A Gr Is.— 2dlno
192j 49
2d Div., 78 ...1894
50
CMo. BurUuff. A Q.-is, b. f. .. 1901 108 ic9'
72I2 85
Ced. Falls A Minn.— Ist. 7a. 1907
Kan. C. A Omaha— lat, 58, 1927
871s 89ia
Iowa Div. -Sink, fund, 58. .1919
Ind. Bloom. AW.— lstpref.79.1P00 llOHi
St. L. Al. A T. H.-Div. b"na8.ie94
40
SiDktnK fund, 48
97
971s
Ohio Ind. & W.— iKt, pf., 5a.l938 *100
Belle V. A So. lU.— 1st, Ss. ..1890 i'i(i"
1919
Plain. 48. ...
92 14
65
I. B. A W., 1st, f-68. Trust rec.
Bellev. A Car.— Ist, 6a
1923 109 110
1922
Chl|.Mll.ASt.P.-lsV,88,'p.D!l898 12G
65
.St. LoulaAChlc— l.st,oon.6a.l927
do
East. Div. Trust rec
45
id, 7 3-108, P. D
42
St L. &LM.— Ark. Br., Ist, 78.1893 •ioiij
Ohio Ind. & West., 2d. 5s ...193S
1899 120>2
10
I. B. A W., con. inc. Trust rec ..
8t.L.AS,Fran.— l8t,68,P.C.A019iy
J8t,78,^g., R. D
1902 1221a
let, La Crosse Division, 78. .1893 109 18
Ind. D. A Spr.— Ist, 78, ex.cp.i906 100
Equipment, 7s
1895 iis'is
lEt, I. A M. 78
Ind. Dec. A West.- M. 5s
1st, trust, gold, .53
198
1897 II3I2
1947 109 10913
i9t, 1. AD., 78
"iHHQ 119
2d M. Inc. 58
Kan. City A S.— Ist, 68, g.l916 100 104
1948
j't.c.AM:,78.v:.-;::.::::::tEg^ 1221a
[owa Central— 1st, gold, 58. ..1938 78% 79
Ft. 8. A V. B. Bg.— l8t, 6e.l910
1st, 7b, r. A D. E«
St. L. K.ASo.Wn.— lat, 68.1910
1008 120>t 1221s Kan. C. Wyan. A N. W.— l8t,5s.ia38 911s
ibs"
iBt .Southwest Div., 08,....
Kansas Jlld'd.— Ist, g. 48.1937
Lake Shore A Mich. 80.—
1909 112
t9ia
11038
Paul
St.
A DiUuth— 1st, 5a. ...1931 112
58
Cleve.
P.
A.—
112
A
7s
1892
1919
w' ^^-^ ^r?^'
2d mortg. 5s
Buff. A Er.— New bonds, 78.1898 122
1917 *liW 105
1191s 121
"t.H. &D.,58
99% Kal. A W. Pigeon— Ist, 7b... 1890 102 103 St.e.Mlnn.AM.— let, 7e
1909 1121s 115
1910 99
Chicago A Paclflc Div., 6s.. 1910 117
119
2d mort., 6s
1909 119
Det. M. A T.— Ist, 78
1906 1321s
Chlo. 4 Mo. Rlv. Div., 58
99I3
Min's Un.— 1st, Oa
Lake Shore—Div. bonds, 78. 1899 I2213
1922
1926 99
"^fral Point Div., 5s
Mont. Cen.— lat, guar., 69. .193
Consol., reg., Ist, 78
1900 126
163 110
1910 ii9
C. A L Sup. Div., 5s
Consol., reg., 2d, 78
San Ant.A Arans.— lst,6s,'85-1916
1903 124
1921
981a
Olia
fargo A South., 68, Assu
119
Mahon'g. Coal RR.— Ist, 58.1934
lat, 68, 1886
1926 'Wh 88
1924
1081s
^«-conv. sink, fund OS....
Scioto Val.— Ist, cons., 7s
Long Island1910
„Da^»t» AWt. South., 58.... :i9l6
'"76'
Coupona ofl
N. Y. A Riway B.— Ist,g.,5.s.l927 103
,
I9i6
CMcago A ^orthwe9teraSodus Bay A So.— 1st. 5a, g...l92i
2d mortg., inc.
1927 33
^- ^--l^*' 6s.. .1901 110
Central1909
N.
M.
Beach—
115
Tex.
lat, a. f., 7s
Y.
A
Ist, 78. .1897
55
r^s^S"
A^iS
i)es
M. A
Mum.— 1st,
N. Y. B. A M. B.-lst,g.,58.1935
100
latmortg. 78
1911
1907 123
55
Iowa Mldland-l8t, 887s
Tex. AN.
lat, 7s
1903
.
.".igSo 132 133isi Brooklyn A Mont.— Ist, 6b.. 19 11
Sabine Division, Ist, 63
1912
1st, 68
1911
ibi"
Chfo n?;r^"','«"^^-'^8 - - 1898 120
Tex. A Pac, E. Div.— Ist, 6b ..1905 109
LoulBV.A Nashville—
135
10478
Tol.
A.
A
(Jad.—
Cecilian Br.— 78
A
68
1917 100 la 101
1907
lOSia
Mil. A Mad.-l8t,
68
Tol. A. A. A Mt. PI.— 6b
1919
N. O. & M.— 1st, es
1905 '115
1930 111% 112
93
g"AC *. A St. P.-l8t, 58 1909 108
Tol. Peotia A W.— Ist 48
2d, 6b
1917 74
do
1930 97
75
Northern ni.-ist, 5
108
Div.—
100
Union
Pac—
Ist, 68
Pensaeola
6s
1920
1896
1910
•1121s
Chic. Rock Isl. Apio1st, 6s
1897 •U3is
St. Louis Div.— 1st, 68
1921 113
l>e« Moines A Ft.
D.-l8t,48. 1905
83
1st, 68
2d, 38
1980 60
1898 1131s
XBC, ZSlS
lonf.
50
Col. Truat, 68
Nashv. A Decatui^lst, 78. .1900 118
1908
Extension, 4a ..-..":
foo5
Col. Truat, 58
1907
S. A N. Ala.— S. f., 6s
1910
103 105
Pens. A At.— Ist, 68, gold.. 1921
1895 108 110
C. Br. U. P.— F. o.,78
97%
omo. A St. L0UI6— Ist. 68
1 ni >>
Collateral truat, Ss
Atoh. Col. A Pac— 1st, 6s. 1905
1931
1021a
Ohio. St. P.AKan.C-sf
1M«
Lou. N. O. ATex.— l8t,4B
Atch. J. Co. A W.— Ist, 6a. 1905
1934
84
Minn. A X.W.-ist g. Ss""l934
2dmort., 59
Ut. So.—Gen., 78
1909 101
1934 40
Chlo. St. Paul M. A ofManitoba 8. W. Col.— G. 58.. .1031
Exten., 1st, 7s
1909 100
Mexican National— Ist, g., 6a. 1927
u. P. Lin. A Col.— Ist, g. 53.1918
96
97
S^ UM- ^- *. M'nn-lst, 68.1918 123
2d, Income, 68, "A"
Noith'n.—
Utah
A
G., Sa
1926
Iyl7
63
98
93<«
Bt. Paul A S. C— let,
69
1010 124 125
2d, Income, 69, "B"
VaUey R'y Co. of O.— Con. 68.1921
1917
19%
105
Ohio. A W. Ind.-lst, 8.f
111
er
1910
Michigan
Cent.Wab.
68
St. L. A Pac— Oen.M.,6a.l920
1909
^General mortgage tis
iSsS 118
Coupon, 5a
Chicago Div., 58,
1910
..1931 UII4
120
Jack. Lan. A Sag.—68
Detroit Div.— 68
1921
1891 104
^1, gold, i'-ia
J93y
Milw.L.S.AW.-Mich.D.,lst,6s.'24 109
Trust, receipts
112 112%
AahlandDlv.—
let, 68
Wabaah, M., 78, 1879
1909
1925
113
114
c6iioS:'68*.':"''-""'«-*«-j^i«
Incomes
Toledo A Wab.— lat ext., 78.1»90
102
94
Minn.ASt.L.— I'a Ex.— l8t,78.1909
1889
St. Louia Div., 7a
80
Cl°Virr^?'?'',<'Tl'"''B-'58-".'.1936
78. a.f.'99 120
1893
2d mortg., 7s
2dM. ext., 7s
1891
60
rJ^.;>i"°f ;"<l.-l8t,
Consol.
sink.
fd.. 7b..
1914
Ext.—
Southwest
Ist, 78
bonds
I»e3
Equip,
1910
SI
CLBve. AMah. V.-Gold,
Sa"' 193*
1st,
Pacillo Ext.—
69
1907
C0U.S0I. COUV.,78..
1921
0«ur d Alene. Ist. 6«. gold.: tofe
Impr. A C(iuipuieut 68
Great West.- lat, 78
1888
1922
«^'^**°-~^**'68
1916
Minn. A Pac— lot mortg. 5b.. 1936
....1893
2d, 7a
art OB
*d,
19'J*I
Minn. S.8te.M.AAll.—lst,5s.. 1926
(Juin. A ToL— lat, 78, Trust rec
•701. A Cin. Midland-i'atr68"l914
93
Mo. K. A T.—€on8.,2d, Ino
Han. A Naples— Ist, 78, Tr. reo
1911
^'°'v;:^»«'-'':<i-i«t.goidr6V.i93o
98
93
H. A Cent. Mo.— Ist, 7b
Ul. A So.I'a— l8t,ex.6s,Tr. rec.
1890
lOOHi Missouri Pac— Truat, g., 58,. .1917
Bt.L.K.C.AN.-R.E.A RK.7«.'93
Mortgage, 78
1907
1411a! Mobile A Ohio— let Ext. 6a...lb27 100
ClarlmU Br.-68
1919
* N. Y.-l8I-7;:i9oi 135 138
Ist pref. debenture....
Bt.Ctiarles Br'ge— lst,6s.l908 -104
46
49
ttfo'^il"&
Morns
A ii8sex-l8t,7s
1914 1441s 14t>38
2dpiet. dobuntuies
1895
No. Missouri— lat, 78
113%
"109
St. L. A Cdlio-is, guar
1896
Warren A Frank.— lBt7s
1931
72
Bonds, 78....:;.: :::::::-iss; I2213 125
Morgan's La. A T.— lat, 68
1920 108
Went. Va. C. APitta.- Ist, 63..19H
127
128
l8t, 78
iniseellaiiooii!! Bonds.
191s 121
181, coil., (Tuar .7^
lui i^ I4II9 144
Nash. Chat. A St.
2d, 6a.. 1901
Caliaba Coal Miu.— lat g. 7s. .1907 108 >«
1U9
oj^AHud'cfaJiL^r-fe:::!^^? IO6I4 106=8 Sow Or.
A Oulf-l8t, 68
19i!«
Chio. Gas Lt. A C.-lst, g. 58.. 1937
83
109
N. O. A No. E.-Pr. 1., g., 6b ..1915 309
Ool. A lloca. Coal A I.— 63, g..l917
97
oVCniV^s!::;:
J«^i 11714 ilfii N. J. June.- Guar. Ist, 48
1986 1U3
Equitable G. A F.—lBt 63. .. 1903
104
96 ibo"
Pa. i>lv.,coar.,73
143
N. y. N. H. A H.-lst, reg. 48.1903 "ill
liackeusacK Water— 1st, 53.. .1926
Albany A Sn^q,.- Ut,gu.,78. 1917
.36"
l9o6 134
N. Y. A Northern.- 2d, 4»
1927
.1901
ills Irou Stciuibodt Co.— 68
87
l9t,C0118.,gUl.r.,«3
1MO6 123
N.Y. Suaii.A Weat.- Deb. 68...18i)7
Manliat. Beach Imp. Co.— 7a.loo9
Kens. A Bar.- Isi, eoaD.,78.1921 14513 147'
2d, 4133
1937
1904
Northwest Telegraph.— 7a
73
«-I"'P- R- 5;..:: 1928
N. Y.Tex. AMex.— l8t, 48 ...1912
People's Giis A Coke I Ist g.6», 1904
uTi/"
uet.
Bty".;
c. A Al|i. iBt, 6.... 1013 iO'i" 104"
Northern Pac.— Divld. aorlp ext...
102 13' Co., Chicago
i2dg.t/8,.19u4
D"l. .'<o. Sli. A Atl.-fiH
i»37
90
James River Val. — lar, 68. .1936
...I West. Union ToL—Coup. 7).. .1900 1143g no
Colliiternl Trust, 5«
Chic. 8. FoACul.-lft p..
93
Erio— l8t, extended, 7»
.
.
.
C—
C—
C—
.
.
.
O—
"
'
U—
*
No
price Fiidjy
;
tUeae are latest quota tiona
mude ihia week.
.
.
1
.!
New lork
6, 1889, is
City
Hnntington
Loans.
Srtcie.
$
S
Lcgob.
Bulk of New York...
Uanliattaii Co
America
Pbenlx
<aty
Tradenneii's
Cbemlcal
Mercbanto' Exoh'nge
i
eallattn National....
Batcbere' & Drovere'
<fe
Leather Maniifaot'rs.
Bevenib National
New York...
Mercantile.
1,200,0
6,000,0
6,000,0
1,000,0
1,000,0
PaoUlc
Bepnbllo
1,600,0
State of
American Exchange..
Commerce
Broadway
422,7
460,0
200,0
700,0
Cbatbam
Peoples'
North America.
Hanover.
1,000,0
500,0
600,0
600,0
Irving
OltUtens'
Fulton
St. Nicholas
Shoe & Leather
Corn £xcbango
750,0
600,0
500,0
<&
1,000,0
1,000,0
300,0
1,600,0
2,000,0
Continental
OrlentaL
Importers' A Traders'
Park.
North Kiver
last River
foortb National
240,0
250,0
3,200,0
2,000,0
Central National
Second National
Ninth National
First National
Third National
K. Y. Nat'l Exchange
300,0
750,0
500,0
1,000,0
300,0
250,0
200,0
750,0
600,0
100,0
200,0
200,0
600,0
300,0
200,0
150,0
300,0
200,0
600,0
200,0
3,500,0
Bowery
New York County
Germ an. American.
. .
Chase National
Avenne
German Exchange...
Fifth
Germania
T7nlted States
Lincoln
Garfield
Fifth National
Bank of theMetrop..
West Hide
Seaboard
Sixth NatlonaL
Western National
Total
287,6
160,5
300,0
200,0
200,0
600,0
800,0
Traders
Greenwich
863,0
2,012,6
913.0
4,049,5
486,9
9,469,0
1,168,9
3528,2
611,8
80,6
454,2
1,323,5
3,704,3
16,499,0
18,764,5
6,026,8
7,246,3
2,941,0
10.179,6
4,884,3
2,093,8
3.780,1
13,89S,7
2,847,0
2,851,3
2,325,9
4,021,3
1,988,6
3,289,0
6,717,7
4,788,1
2,213,1
21,861,1
19,710,5
2,059,9
1,365,1
18.000,3
8,012,0
3,586,0
5,307,3
21.500,6
6,570,3
1,463,1
2,416,2
2,352,2
2,760,5
6,794,0
4,016,6
2,703,2
2,613,8
4.404,5
2,494,4
2,356,8
l,384,f
3,997,8
1,884.0
2,570,0
1,830,8
9,959,0
1,493,3
3,211,6
1,687,1
667,2
303,9
820,1
541,1
239.8
466,8
1,067,0
270,4
388,9
167,3
684,0
211,3
234,5
1,078,7
250.8
353,6
4.190,5
1,807,6
107,8
121,1
1,376,8
676,1
213,4
269,5
6,843,4
247,2
123,5
361,6
114,4
207,6
603,8
673,2
369,0
364,2
480,4
176,3
238,6
239,
428,0
211,2
134,6
61,7
82.4
619.9)
181,0
769,0
183,5
1,282,5
643,0
478,6
33'2,7
651,7
673,5
163.0
140,3
4B9,7
301,9
204,9
2,321,0
2,047,2
2236,0
85,4
760.0
667,0
496,6
747,0
1,810,0
1,970.0
1,471,7
11,280,0
10,986,0
7.331,7
8,858,0
11,902,8
4,411,0
9,669.9
2,888.9
20,510.4
3,542,3
6,028,2
1,845,3
1,578,4
2,060,01 1,171,6
829,4
2,000,01
2,000,0 1,625,9
3,000,0 1,868,1
629,3
1,000,0
1,000,0 2,254,1
23'2,4
1,000,0
300,0 6,727,7
128,5
600,0
1,000,0! 1,247,5
2,000,0
Mercbanta'
Mechanics*
Meobanlcs'
Little
1,366,4
1,487,9
238,1
2,716,7
807,2
233,4
615.2
3.596,6
452,1
649.5
257,2
741,2
413,2
605,0
766,1
862,1
189,4
3,389,6
3,427,1
103,4
196,6
4,481,6
818,0
1,060
1,576,3
4,140,5
1,059,6
201,6
6.-.7,8
579,1
398,3
1,810,4
846.4
199,8
124.8
1,413,6
613.4
192,3
261,2
739,2
240,0
479,0
346,0
1,430,2
99,9
359,0
118,'2
302,3
97,2
287.9
1,624,0
1.757,5
323,4
740,8
301,8
249,2
388,2
236,3
293,6
707,3
403,6
214,3
267.8
182,4
101,4
371,0
257,0
647,4
316,1
2,323,8
1,241,2
199,9
199,9
1,065,9
1,341,0
162,0
490,4
1.976,8
373,5
159,6
168,0
106,3
137,2
485,5
128,3
658,9
285,8
42,4
253,9
699,6
195,6
551,5
266,0
864,0
90,0
1,329,3
.
Loans,
Leoals.
Specie.
Deposits.^
15.
22.
29.
6.
Bo HtOI Banks.*
Dec 22.
Phil.
6
Philadel. Banks.
5434
68
69 '2
Haven
65 'a
A
74
83
53=4
Erie
50
221»8
United Co'a of N.J
West Jersey
West Jersey A
Atlantic.
BAILRUAD BONDS.
Catawl88»-M.
A
Clearfield
Col.
Cln.
A
Jeff.— 1st, Bs
Mid.— Ist,
W. Jersey A
90 "4
1143.
119ii
Fourth
Gallatin
:250
Am. Bxch...
Broadway
. .
Butobs'A Dr.
103
Central
—
—
Chase
Chatham
Chemical
City
Citizens*
Commerce.
.
Continental
Com Exch...
East River..
11th Ward...
Fifth Ave....
First
14th Street..
183
246'
CircTn Clearings
78,148,4 29,947,0
79,122,5 31,195,
77,767,3 29,682,3
76.521,3 29,838.7
77,032,5,32,529,7
148,142,9
147.740.6
147,729,4
Seab'dARo'n'ke— 58, 1926
West. Md., 3d guar., 6s.
WU. Col. A Aag.,6s,1910
300
German Am. 118
Germania
122
Bid
2.50
N.Y.NatEx.
I2(i
138
N. America.. 152
Trad's' 47(1
160
Leather Mfs' 225
Manhattan... 170
Market* Ful IMft
Mechanics'.. 180
M'chs'ifeTrs'. 176
BANKS.
N.Y. County.
Ninth
210
Irving
180
19(1
Mercantile... 170
Merebauts'.. 144
Merch'ts Ex.
122
Metroplltan.
9 la . ....
Metropolis... 255
152
1431s Nassau
New York... 230 230
403,566,3 5,096,4 761,760,4
40'2,583,1 4,950,3 697,803,6
400,299,9 4,867,3,686,546,3
400,314,6 4,862,3 615,534,1
408,910,4 4,860,5,702;790,
9.746,9
4,817, 121,875,9 4,066,6 88,334,5
8,764,81 4,846,,7 121.132,4 4,087,5 73,858,5
8,544,21 4,908,,5i 122,922,2 4,011,6 101,364,8
Brooklyn Gas-Light
Citizens' Qas-Llgbt
Bonds, 5s
Consolidated Gas
Jersey City A Hoboken.
Metropolitan— Bonds
Mutual (N.Y.)
Bonds, 63
Nassau (Brooklyn)
Scrip
91,999,0
92,010,0
91,969,0
22,463,0
32,834.0
23,638,0
89,206,0 2,322,9
89,414,0 2,323,0
91,146,0 2,320,4
74,490.6
56,067,8
73,008,5
omit two ciphers in all these ftgures, + Including, for Boston and Phil a
*'
due to other banks."
'
Qaotatlons in Boston, Fliiladelphia and Baltimore:
Following are quotationsof active stocks and bonds. A full
Irt is given in the Chronicle the third Saturday of each month.
,
SECURITIES.
Bid.
SECURITIES.
Ask
Atch.
BOHTON.
BAILROAD PTOCKS.t
<&
94
50
26
16
48
20
2ds, 6s
Sds, 3b
1st Inc., 6s, 1931
North River.
14(1
Oriental.
Pacific
200
Park
186
186
People's
190
Pheulx
Republic
1621s
133
142
160
Seaboard
120
Second
320
1-22
Seventh
Shoe&Leath. 160
St Nicholas.
State of N.Y. 11(1
Tradesmen's. 101
United St'es. 210
Western
95
|
125
116
103
96
Ask
Bid.
1
389,089,5
386,988.2
387,501.7
388.798,7
392,336,9
delphla,
elphla, the item
\tohlson
105
Local Securities.
[Caty
104
55
100 103
811s 82
170
114
..
98 100
100 102
110
99 101
Ask.
Bid.
A T'p'a.— (Cont'd)-
EB. Quotations by H.
L.
Mortgagees
66<a
B>ston& Albany
BMton A Lowell.....
66=8
;;
rmst, 88
iBurl. & MoVR."in Neb.—
Exempt, 6s
Non exempt, 6s
Landgrant,7s
CalltomluSonth.— Ist, 6s.
Williamsburg
Bonds, 63
;106
Metropolitan (Brooklyn). -I 86
Municipal— Bonds, 78
|105
Fulton Municipal
1125
Bonds, 6s
105
110
Equitable
112
Bonds, 6s
104
;105
B'way Surface b'ds...l924 102
90
Bonds guar., 5s, 1905
105
96
125
107
165
5s,
1914
Brooklyn City— Stock
l8t mort, 68, 1902
Bklyn. Crosatown- Stock.
Ist mort, 7s, 1888
Bushw'k Av.(Bklyu)— St'k
Central Crosstowu— St'k..
Consols. 7s, 1902
120
103
150
100
140
140
116
87
120
123
130
109
116
1
140
106
206
'
2d mort,
74
124
111
89
110
Gbant, Broker, 145 Broadway.]
106 10«~
!
Cent Pk.N.A E.Riv.-Stk.
98
102
72
120
'
26
D. D. B.B. A B.-Scrip 6s..
Bl'ckcrSt. A Pul. F.— Stk. 24
Eighth A v.— Stock
114 !ll5
1st mort., 7s., 1900
Scrip, 68, 1914
Br'dvtay A 7thAv.— St'k.. 195 200
A (3r'nd St F'ry-Stk.
42d
1904
1031s
1041a
58,
Ist mort,
Istmort., 68, 1922
Plaln, 5s
Toi eka
People's (Brooklyn)
102
1
We
104
108'4
93I4
cm. Wash. A Bait.— Ists.
Bank Btoek LUt.
BANKS. Bid. Ask.
Im.&
loa
97'
Cent. Ohlo-68, 1890
Char. Col. A Aug.— 1st, 7s
Greenwich... 130
225
Hanover
Hud. River. 140
5000
600
"98 ii
Cape Fear it Tad.— 1st, 6s
I
11
11814
Ga* and CUT Railroad Stocks and Bond*.
GAS COMPANIES.
Bid. Ask.
GAS COMP ANIES.
$
Dec. 22
" -29
Jan. 6
*
RAILROAD BONUS.
Atlauta & Char.— 1st. 7s
Income, 68
Bait. A Ohlo-4s, 1935..
Garfield
147
292
104
60
63
10
Preferred
"Western Marvland
Wilm'gton Col. A Aug'sta
{ii's
Ask,
Bid.
87
115'e
let pref
2d pref
Central Ohio
133>i
New York
180
145
285
180
134
250
250
4000
360
166
180
129
237
150
150
1200
2000
165
142
107 Hi
BALTIMORB.
BAILROAD STOCKS.t
Baltimore A Ohio
117
103 "a
120
140
Cons. 68. 0.& R., 1923.. 132
North Penn.— l8t M.. 78. 120
General mort. 78, 1903. 132
N. Y. Phil. ANorf —1st, 88 106 105 "9
5034
Income, 68
131
Penn.-Gen.,6s,ooup.l910
Cons., 68, conp... 1906.. 121
Cons., 68, coup. ..1919. 116
107
lias, Tmat Loan
Perkiomen— let bc. 6,1918 103
this
week.
t Per share. { Last price
BANKS.
....
Plttaburg Br., 68
2d, 78, reg.,1910
America
Ask.
12218
107'4 107»4
loo's 106i»
Atl.— Ist, 68
West Penn.— 63, 1893
68.
Connecting— 68
Delaware — Mort., Os
Del.&Bd.B.— Ist, 7S.1906
Ea8ton<&Amboy.mort. 68.
Klmira A WiU'm.— Ist, 6s
Harris. P. M't J. <t L.—4s
Hnnt'n A B. T.— 1st, 78.
2d mortg., 7s
ConsoL M., 68
Leh.V.— l8t,68,C.*R.,'98
2413
123
113
1900
78,
Penn. AN. Y. Can.— 78," 96 II614
West Jersey— let M., 7s..
Allegh. Val.— 7 3-J0«. 'S6 1121,1
2214
Inc. 78. end., conp., '94.
BeUs Gap— 1st M., 6s
Cam. A Amb.— M., 6s, '89 ib2''8
1
29.
s.
Bid.
213j
48
Phila. * Erie— con. 68... 112's 11318
64 'f
98<^
General mortg. 48
PhU. <» R.— 1st M., 6s-...
113 111
2d, 7s, c. & r. 1893
Cons., 7s, coup., 1911 .. 134 "a 136
76'4
Cons., es, g., I.R.0.1911 120
84
Imp., 88, g., coup., 1897 104
63 'a
Cons. 58, Istser., 1922. loo's 100l«
18"^
31=4
18
Deferred Incomes, op...
Phil. W. A Bait.— Tr. P..43 lOlis
Solmyl. R. E. S.— let, 68.. 104 "4
69
Steuben. A Intl. Ist m. 58. lOoi-j
104
United N. J.—Gen. 43
Warren A Frank.— l8t,7s {116
47=8
sunbury A Lewlaton
I
8.
A
XLVm.
SECURITIES.
21%
Broad Top
Nesquehouing Valley...
Northern Central
North Pennsylvania
Pennsylvania
10,740,0
11,415,0
-,e74,3
8.902,0
11,296,4
3,969.0
11,760.8
2,676,9
26,172,9
4.203,9
4,970,8
2,133,9
2,613,0
1,162,3
2,929.6
1,363,8
2,873,2
14,997,0
13,825,8
6,538,6
8,026,8
3,250,3
10,637,4
5,030,9
2,878.1
4,378,4
15,192,9
2,996,0
3,237,7
2,685,6
3,899,0
2,008,0
3,599,0
5,990,0
5,558,4
2,120,0
22,264,9
22,994,3
2,230,3
1,586,4
19,392,7
9,069,0
4,511,0
6,157,2
22,207,7
6,759,6
1,428.6
2,918,6
2,861,5
2.620.2
9,063,3
3,939,2
3,341,3
2,706,8
4,935,5
3,213.6
2,942,4
1.597,8
4,988,6
2,079,0
3,266,0
2,040,0
9,223,2
60,762,7 62,402,6 392,336.9'77,032,6 32.529,7 408,916,4
...
Y. Banks.*
Jan.
A
Lehigh Valley
SchuylkUl
Deposits.
Minehlll
$
tt
.
[Vol.
Preferred
Capitol. Surpltu.
(00« omitted.)
nee"
.
.
SECURITIES.
Bank Statement for the week ending Jan.
We omit two ciphers (00) in all oases.
as follows.
BANES.
.
.
THE CHRONICLE.
64
Hassan
Market
——
...
150
146
120
39
I
Ist
I
I
,110
78, 1893
Jlanh. <ftStN.Ave.l 24
1110
mort,
42dSt
Istmort, Os, 1910
2d mort. Income, 68
1160
1107*
210
111^
llli«
40
46
illO
112
I
HoustW.St&P.F'y— Stk.'165
1
Istmort, 78, 1894
Ninth Ave
Second Ave.— Stock
Istmort, 5s, 1910
|
60
ilOO
103
Sixth Ave.— Stock,
146
Istmort, 7s, 1890
106
213
120'a Third Ave.— Stock.
126
Bonds, 7s, 1890
101
113
Twenty-third St— Stock.. 220
132
l6t mort, 7s, 1893
110
111
I
I
.
..
101
104"|
160
1106
216
loa
225
202 y
ChriBfph'r&lOth St- Stk.
111
165
Bonds, 7s, 1898
{lie's
180
,112
106
Dry Dk.E.B.A Bat'y— Stk. 128
BMton A Providence....
109
266
{Ill's
1st mort, 78, 1893
OalUomia Southern
23
103
Central of Massachusetts
15
Income, 68
52
66
Unlisted Secnrlties.— Quotations from both Exchanges:
Preterred
31
Consol.ol Vermont— 6s.. { 83'3
Oh««lilre.pref
Eastern. Mass.— 6.^.new--| 124
SECURITIES.
Bid. Ask.
126
SaCURITIKB.
Ohio. Bnrl. A. Nortb'n.
49 <4 £. C. it. Scott&Mem..88 111 HI34
49
Obloago * West. Mich... {32
K. C. Port Scott dk 0.—7» lie's
Newb. Dutcb.&Conn
20
Am. Bank Note Co
OMTSuutdlA Canton
8
Knns. City Law.& So 6a {108 110
N.J. Southern
1
Atch. A Pike's P'k, Ist 68
Preferred
30
29
K.C. Mompli. & Blrm— 6s
Pac. Latd Grant..
Line
N.
O.
94
Air
20
Char.
4
Atl.
Concord
135
Kan. Clt. St..ro.&C. B.— 78 {122
Newp. N. A Miss. Val...
14
Ist, 7s, 1907
Oonnectlcnt <t ""ass
K. City Sp'd A Mem.-Bs {111
N. Y. V.'.S.A Bntr
1111a Brooklyn Blev'd— stock..
Connecticut River
40*"
K.C. Clint. * Sprlngf.- 68
95 100
N. Y. A Green'd Lake, 1st
Brunswick Co
aatem
90
88
Little R. A Ft S.
105
2d mort
California Pacific
9
Preferred
123
Lo'llav.Ev.ASt.L.— Ist, 68 1041a.
N.Y. Loan A Impr
l6t moit., 4128
Fltchbnrg, pref... ......
75
2dmort.,2.6s
b
S. Y Mutual Tel
63
2a mort, guar
TUnt A Pere Marcnett*. 30
Mar. H. A Ont.— 1908, 6s, {100
d'Orellle
Uiv..
tr.
P.
rec.
N. Pac.
Chic. A Atl.— Ben.,
Preferred
1923,68
{
39
North Riv.coua. Co.scrip.
1*
37
95
Coutlneutal Con. A Imp.
Kan. C. Ft. Scoti A Mem
Mexican Central—4»
6914 691a Dul. S. Shore A At— Stk.
OH) O.I.* W.— Ist acc.iutcert. 62 >> 67
K, O. Memub. A Birm. .. 46
Income
21^4 22
21
40
2d aec. int. cert
Pref
50
Louisville Kvans. A St. L.
9U
N.Y.AN. Kng.-lst, 78-. I241.J 125
Oceau steam.Co., Ist guar. 102
Fla.R'yA Nav.Ccconsol.
^Preferred
20
Istmort, es
1141"
13
14 "a Peiisacola A Atlantic,.,
4^1
Gsorgla Pac—Stock
Xaine Central
120
2rt mort., 8s
t 105:14
108 1081a Postal Telegrapli— Cable. 30 '4 32
1st 68
Manchester (& Lawrence
Ogdena. <fc L.C.— Cons.,6s { ?7ia 98
44
St. Louis A Chicago
4
2rts
Mexican Central
"l3',
14
Rutland— 68
07=8 97 'a
74
75
Pref
38
ConHOl. 53
r.Y. A N. Eng., pref
115 lie
Southern Kansas 6s
92
25
St Paul E.A ar.Tr.,l8t6e
lucoiiieos
Northern
145
Texas Division— 58
83
8cloto Valley, 1st, 7s
Jarvis-Conkiin,M.,Deb.6s
103
ibo"
Norwich & Worcester
iYe'
Incomes
81
1
2d, 7s
Kanawha A Ohio
2'a
Qgdensb. dt Lake Cham..
WIscoii. Cent.— l8t M., 68
__
87
Toledo Peoria A West.
19
7
1st pref
OMOolonv
lio'i 17 1
Income 3s
{ 3315 39
Vicksb. A Moridiat- Ist.
2d pref
OS's
21a
Portland saco A Ports. .
121
124
PHILAOEI.PHIA.
2d mort
41
70
IstBs
Bommlt Branch
9
10
RAILROAD
STOCKS.!
Incomes
1>«
Keely Motor
Sia
Wlaoonsin Cettral
16
17
Bell's Gap
44
Kiugst'u A Pomb., Ist U. 1U5
Stock, pref
PieferrPd
38
40
Camden *ii At'autic.pref.
89Lehigh A Wilkes. Coal...
Weal N Car. -con. 6s ... 86
30
BO.VD8.
East Pennsylvania
L N.A.AC.— O.A I. Dlv,«a 103 106
Bowery National Bank... 225
Elmira A Willlamsport.
Meraphlsife Cha'st consols 120
Genuiiu Exchange Bank. 220
OolLTmat, 5»
8434I 89
Preferred
66 <a
Mex. Nat.CoDstruct'n Co.
Sixth National Bank
220
25
Pet
share.
t
1-76 Wi'stSlde Hank
Mt Des.A East 8b. Lrt.Co,
185
i Laal price this week.
BMtonAMalne
178
250
21
V
I
I
1
'
1
,
,
I
I
1
I
—
.
I
I
I
..
„
.
JANUABT
11
..
.
. .
;
1
THE CHRONICLE.
13, 1889,]
%nmstmtxit
65
LaUtl Jlaming$ Reported.
BOiLDS.
Week or Ho]
AHO
1888
Jan.
1887.
•
K.C.Ft.S.AMem.;3d wk Deo.
Kan. (7. CI. &8p. 3d wk Deo.
K. CWy.AN. W.!Decembor.
Kentuoky Cent December.
Keokuk A West. ;3d wk Deo.
80,110
S,028
.
4,209,S00
2oa,28e
4.618,143
393,311
81.18' l,04!i,454 1,067.467
7,058
314,130
328,843
S.180
189,373
164,821
47,052
450.687
42.',.763
53.804 2,157.864 2,087,331
15,293
249.103
232.55»
832,740 7,527,017! 6,277,497
21.150
665.336
821.651
211,212 3,414.7H0| 3.238.371
60,56.'
380.8631
500,372
27,800
928,730; 1,023,989
441,472 16.025,342 16,042,176
•— 2,246,073
56,262 "
2,259,471
96,424 2,424,303 2,243,212
01,872
929,181
718.859
6,773
88,269
69,804
47,2551 1,531.273 1,701.340
196,204 5,494,003 4,886,580
Klngst'n A Pern.
wk Dec.
The Investors' Supplement, a pamphlet of 150 pages, KooxT. A Ohio 3d
November.
Lake
E,
A
West
!4tli
wk Deo
contains extended tables of the Funded Debt of States and
I.«hlgh A Hud.
December
Cities and of the 8tovks and Bonds of Railroads and other LehAWUB.Coal iScpt'mler
U Rock A Mem !3d wk Deo. 19,129^
Companies. It is publUhed on the last Saturday of every I»nK
Island
Decoml)er
216,205!
47,851
other month viz., January, March, May, July, Septem- Iai. a Mo. Rlv.. October ..
Loul8.Ev. ASt.L. 4th wkDec
18,924
ber and November, and is furnished without extra charge Louisv.ANasbv. 4th wkDec 412,480
4th wkDec
51,225!
Extra copies IX)U.N.A.AClilo.
to all regular subscribers of the Chronicle.
Ixjulsv.N.O. AT. 4th WkDec
108,488
are sold to subscribers of the Chboniolb at 50 cents each, Lykens Valley. November.
83,941
Mar.Col.A Nor'n December.
8,624
and to others at $i per copy.
Mciniihis ACbM. 3d wk Dt c.
50,338:
[Mexican Cent 4tb wkDec 168,420
The General Quotations of Stocks and Bonds, occupying
Ouad'Jara Br. 4th wk Dee
11,373
San Luis Div. 4th -.vk Dec
2,307
six pages of the Chronicle, are ruiw published on the
tMex. N. (all ins) December.
245,736 174.049
third Siatnrday of each month.
IMexicanRailwy Wk Dec. 29
59,652
69,981
Mil.L.8b.AWe8t 4th wk Dec'
43,228
50,383
Milwaukee A No. 4 tb wk Dee
26,532
25,475|
.
Dale
1887.
lit
92,740
4,609
33.600
80,967
6,713
3,290
48,780
60,634
21, 067
979,866
i
1 to Latett
1888.
—
.
RAILROAD EARNINGS.
£aming$
Latest
B0AD8.
Week or Mo
Reported.
1888.
$
1887.
Jan. 1
to
1887.
9
173.830 1.915,421
Allegheny Val.. November.
107.268
1.850,060
Atch. T. & S. Fe. November. l,'16'^,371 1,657,078 14,260,107 16,965,412
Atlanta A Char October
111,80*
153,891 1,07H,6!;6 1,064,210
Atlanta* W. Pi.. [November.
44,432
46,803
Jc Pac.. |4th wk Deo
86,960
64,698
12,018
& .S;in.. November.
9,062
B.iJ[0.£aat. Lines November. 1,281,049 1,385.137
Western Un 68. INovember.
379,253 414,250
"
374,880
2,979,178
Bait. & Potomar
Booeb Creek
1,425,90'
Atlautte
1,600.302 1,799,387
141,062
128,816
72,310
81,814
58,081
63,985
Total
Bufl.Roch.JiPitt
Bar.C.Rap.&No.
303,897
16,524
& Chic
Southern
Cairo V.
Cal.
19,751
. .
•Camden &
36,906
322,000
Atl'e
Canadian Pacitle
Cp.F'r&Yad.Val
28,1)56
Carolina Cent..
63,416
797,399
26,897
Cen.RR.&Bg.Co.
Oentrallowa
CentnU of N. J
Central PaciUo
1,174,567
1,574,058
11,154
Central of 8. C.
Cent. Vermont
Oharlest'n ASav
Cheraw A Darl
^^
iOhlo.... - ....,
KHz. h.&B S.ISepl'mber
Ohes.O. AS. W.. December
Chesblre
October..
Obeg. ALeuolr.. October ...
Chic. & Atlantic. 4th wk Doc
Chic. Burl. A No. November.
Chlo. Biul. A Q. Xovemi)er.
Clies.
& East
A Ind. Coal
Chlo.
Ohle.
Chlo.
Chlo.
Chlo.
It. rii.
wk Dee
wk Dec
•Itb wk Dec
1th
1th
MU. A.St. P.
AN'thw'n- November.
AOh. Rlv. December
0hlc.8t.P.AK.C. December.
Chlc.St.P.M.AO. November.
Chlo. & W. Mich.
Cln.Iud.8t.L.AC.
Oln. Jack. A Mac.
Cln.N. O. AT. 1-.
Ala. Gt. South
N. Orl. A N. K
Vlcksl). A Mer.
Vlcke. 8h.
4tuwkDoc
October..
lib
itb
wk Dec
wkDco
ItliwkD c
ttli wk Dec
IthwkDec
A P tthwkDec
Erlanxur Byst iiliwk Dee
ItbwkDic
01n.Rich.AFt.ft"
Cln. 8el.
A Mob. November.
Can.Waah.ABalt. 4tb
wkDdi
Clev.AtoonACol itb wk Dee
Olev. & Canton Dc. ember
Clev.Col.C.AIuii
Whole system.
Clev. A .Marietta
Color. Midland
Col. A Cln. Mid
October.
December.
Jd wk Doc.
Dei- ember
tthwkDec
Ool.Hock.V.AT ith wk Dec
Denv. A Rio Gr 4tbwkDcc
Denv.
A
R.G. W. .tUwkDee
Den.S.P'k APac. October...
Det.BayC.AAlii. November.
Det.Lans'gANo 1th wk Deo
DuluthS.S.&Atl, December.
E.T«un.Va.AGa. IthwkDec
IthwkDec
Bvans.AInd'pli.-
Evansv.
Flint
A
A T. H
Ithw,. Dec
Itb wkDeo
P. .Marq
FtW.ADen.CIH Ub wkDec
Don. T. A Gull
Den. T.&Ft.W
(Whole syat'u,.
Georgia Paclllo
Br. Rap. A lad...
Other lines....
Grand Trunk
December
Decern' er,
Deceiuitcr.
November,
^.„.,„.
liIiwkDec
lib wk Dec
'A k Ucc.
Gulf Col. A S.Fe Oittolier
.
. .
as)
HoU8.ATex.Ceu. IthwkNov
Huniost'nASheii December
ULCen.au A8oi
.Niivembcr.
N'o\einl>cr
OedarK.AMiii
{Dub.ASIo'jiC UVoviuibtT.
Iowa lines... .Vovcmber.
Total all
LVovembor.
Uld.Dec. A West. U. ccmbcr.
'
KanawhaAOhlo'-tth wk Dee
375,214
2,640,832
6,228.4.54
2,302,992
3,1«-0,68I
976.138
1,491,388
7,343.586
2,307,698
2,579.644
2.780.435
152.104
750,875
36,206,024
24,620,621
.
1
828,210
1.030.833
305,375 2,81-3,775
17,860
731,814
31,416 1,263,261
34,618
660,729
341,000 13,196,094
20,537
328,245
56,975
490,868
762,106 6,593,775
31,1.
1,381,262
950.608 12,200,261
1,318,100 13,234.288
10,213
85,424
52,731
41,284
451,962
10,962
66,409
1,326,350
689,471
2,168,867
3,005.962
764,550
1,154,509
644,920
11,606,413
270,348
468,202
6,019,721
1,352,526
10,432.196
11,127,529
73,538
5-<,503
67,=,oy
2^7,044
133,057
50.969
4.346
124,158 1,181,194 1.133,273
58,0 IC 2.239,012 2.369,146
4.108
202,277
166,311
337.3.53
345,H5s 18,46^,101 19.511,171
434,015, 367,167 2,530,161 2,195,759
64.536
5.^,326 2,.503,oO^ 2,587,775
15,UO0l
17,420
155,208
161.761
1,117.580,1,191,22s 10.526.276 10,711.732
10,27-.'l
8,421
91,721
103.167
143,295
155.5T5 1,500,148 1.405,".)86
153,567
163,9961 1,590.H60' 1,509.452
1.271.14 l,3,55,2'25, 12,118.145 12.221,185
43,1£J
32,39376,017
417,107
7,458'
171,2611
126,414
575,124
186,169
259.677
i
55,043
48,822
4d3',296
12,418
66,670
260,740 249,6.'4
94,785 109,707
738.648
792,484
181,884 203,068 1.999.382 2,001,723
68,711
61,090
497,181
554,511
7.787
7.674
64.869
55,934
59,758
6:<,744 2,172,791 2,213,700
238,367 154,899 1,842,919 2,134,190
2,230,839 2.346,834 21,621,494 25.412,690
43,703
44,18^ 2,144,985 2,071,526
14,100
15,200
536,106
441,772
723,000 800,352 24,863,000 25,366,124
2,283,424 2,650,190 23,892,346 24,949,162
7,703
4,14K
63,469
66,271
220,250
178,753 2,330,705 1,739,261
615,790 718,548 5.958.744 6,341.708
29,519
28,048 1,413,722 1.414.023
252,420 242.173 2,219,109 2,235.005
14,013
12.823
544,603
487.737
112,307
105,785 3.624,490 3.377,552
52,USI
58,521 1,549,293 1.575,815
33,4«5
33,38ii
900.341
711,782
23,021
21,440
505,675
558,0-9
20,139
i 0,422
56^,73
608,007
241,946
£39..' 55
7,148,53a 0,831,8-18
10,593
11.249
404,247
418,500
14,675
15,892
106,198
107,141
51,000
61,843 2,078.373 2,238.004
17,645
15,733
665,473
561,092
32,000
28,801
419,07l£
454.237 3,606,919 ?.775'.278
644,809 745.509 7,581,339 8,096.007
4,905
6,049
279.256
306,807
128.131
1,358,615
8,831
10.342
359,570
340,121
55.068
69,104 2,078,.=: 56 2,704,283
176,300 228,801 7,673,266 7,983,419
37.375
31,375 1,365.731. 1,181,325
87.654 113,246
018,919 1,096,0J5
32.994
31,093
428,11.^
435,666
23,u55
27,210 1.038.407 1,147,160
1,460.882 1,465.230
134,185
141.853 5,607.470 5.32;'.470
7,023
6,034
247.427
235.743
19,292
20.736
843.502
860,335
61,905
68.001 2.400,22
2.572,937
18,525
14,655 1,091,063
710,068
6.311
Int.AGt.N'rth 2 wks Oct.
Mobile A Ohio .. December.
.
. .
i
Aug. Gib.
111,500
570,556
1,';90,176
3,683,420
302.930
2.596,714
Na8h.Ch.A8t.L. November. 261.571 259,62.' 2,840,155
Natchez Jac.AC 3 wks Nov.
13.580:
15,786
134,766
New Brunswick. November.
1.036
„„,
73,7721
803,196
N.Y.Cen.AH.B. December. 3,000,851 3,229,021 135,283.584
N.Y. L. E. A W. November. 2,260,218,2,390,398 21,867,5£0
N. Y. Penn. A O. October
585,168! 648,696
N.y.ANewEng. November. 450,546 448,465 4,910.105 4,628,419
N. Y. A Northern December
40,177
42.542
N.Y.Ont. AW.. .IthwkDec
37,513
38,670 1,685.009 l,556',i69
N.Y.8iis.AW...lNovember. 126,600 129,904 1,322,207 1 ,250.540
Norfolk A West 4th wkDec
75,506
63.847 4,871,380 4,254.793
N'theastmO.C.) October...
96,344
95,108
506.029
-154,663
Northern Cent'l. November. 488,114 542,158 5,703,8.5
5,722.641
Northern Pacific] 4th wkDec 361,433 329.173 18.041.201 isi854!31»
OliioAMiss
4tb WkDec
70,139
72,215 3,846;086l 4;i28.'365
Ohio River
IthwkDec
10.575
8.970
472,932
375,216
Ohio Southern . November.
48,411
60,153
506,140
932,770
Ohio Val. of Ky 4tb wk Dee
3,896
3,746
130.211
101,862
Omaha A St. L. Novemter
37,439
37,890
a 75,265
395,065
Oregon Imp. Co October
397,191
431,819 4.121,2f8 3,-103.250
Oreg. R.AN.Co. November.
615,273 616,057 5.854,263 4,836.409
Oreg. Short Line October
288,485 171,567 2,183,611 1,646,476
Pennsylvania... Novimlier. 4,860,852 4,735,154 53,363,089 90,778,849
PeoriaDec.AEv. IthwkNov
16,765
17,795
Petersburg
November
32,810
31,401
379,215
327,275
Phlla. AErie.... November.
412.333[ 367,7241 4.115,8781 3,708,294
Phiia. A Read's. October.
2.155,953 2.085,791 1 7.190.928 18,089,322
Coal A Iron Co. October.
2.140.684 2,321,204 15,567,489 1 5,860,486
Tot.bothCo'8.. October.
4,296,637 ;4,406,99.t'32,758.417i33,949,808
Pitts. A West'm 4th wkDec
49,885,' 2,023,766
52,019
;.041,863
P'rlRovalAAug. October..
32,398
30,659
268,312
266,291
Pt.R'alAW.Car. October...
34.358
37,748
255,036
231.034
Prescott. A Ariz. December
11,714
8,639
125.727
91,391
Rich. A -iUegh y. Wk Dec. 28
20,253
10,476
696,701
613,080
Latett Date.
1888.
Mlnneap.ASt.L. December.
Mo. Kan.A lex. Decemler.
2,380,005
3,875,350
2,819,532
1.085,648
1,374.522
27.'^.277
206.i;l4
.
.
.
. .
.
.
.
1
'
,
1
'
KAW.P.Ter.CoRieb. & Danv. December.
Va. Mid. Dlv.. December.
C. C. A A. Div. December.
Col. A Gr. Div. December.
West. N. C. Div December.
W.O.AW.Div. December.
Ash. A Sp. Div. December.
Total all
December.
Rich. A Peters'!! November.
Rome W. A Og November.
.
. .
. .
IthwkDec
St.L.Ark.ATex Itb wk Deo
St.L.ASauFniii. IthwkDec
St.L.A.AT.H.Bs.
December
St.PaulADiilutli
St.P.Mln.AMan, December.
422,025
148,500
87,600
£0,800
61.02.5
10,400
9,900
800.250
24,821
291 ,231
25,910
106,983
160,606
81,206
858,050
IthwkDec
26,00:;
Scioto Valley
November.
Seab'rd A Roan. November.
Seattle L. S. A E. December.
Shenandoah Val December
49,607
77,127
15.225
63,000
129,837
S.Ant.&Ar.Pass.
South Carolina
So. Pacilic
.Vovember.
Co.—
Oal.Har.AS.A. November.
November.
Loiiis'a West..
Morgan's
LAT.Novem tier.
N.Y.T.AMex.jNovembcr.
Tex. A N. Orl. .! November.
Atlan'o system: Nov ember.
Pacilic system lOctober...
TotalofaU.. October...
So. Pao. RR.—
No. Dlv. (Cal.) October..
So. Div. (Cal.) October..
Arizona Div. iOctober..
New Mex. Div. October
Spar. Un. A Col October
Statenls.Rap.Ti December.
Simimit Branch November.
SutroTunuel
Octol er ...
.
Texas A Pacilic
Tol.A.A.&N.M'h
ToL A Ohio Cent.
Tol. P. A West..
IthwkDec
4th w k Dee
4th wk Dec
4th wk Deo
22?.643
605.005
161,818
82,019
10,926
55,000
106,765
19,147
211,681
18,792
16':?,782
Wab., E. of Mlsf (October
WestN.Y.APa 4th wk Dec
Western of Ala November.
{West Jersey
November.
680,280
71,800
46,937
101,012
60,908
24,685
95,yl8
W.V.0en.&PUt8 November.
Wheeling A L.E. IthwkDec
Wil. Col. A Aug. October ...
II
Wisconsin Ceu.
*
I
4tli
And branches.
WkDeo
71,223
110,674
836.962
1,145,525
4,391,121
1,675,436
911,583
870,416
634.486
562,934
661.963
682,782
0,761.
121,095
118,031
117,156
8,500,
81,765
772,868 8,881,807 8,383,385
20, 175
243,615
212.013
280,347 3,089,986 2.958.446
924,815
29,744
962.480
94,009 3,072,5,57 2.670.563
179,426 5,785,834 0,229,345
132,981 l,47y,'251 1,694,340
905,264 9.284.921 8,736,304
19,252 1,001,230
569,334
70,7-,i3
611,246
726,224
71,499
621,684
571,796
902,t63
1,004,495
I
Wab. western.. 4th wk Doc
.
4,587,501
1.847.124
398,156 291,208 3,1,59.751, 3,032.306
97,375
76,914
883,3271
765.048
587,008 554,581 4,614.683 4.063.606
16.108
13,15
130.688
154,090
141,941
108,391 1.312.270 1,148,438
1,240,588 1.044,255 10,430,7 1
0,105,287
3.427.662 2,783,102 29,361,076 23,284.080
4,528,791 3,912,714 38,551,206 31,409,114
26.180
17,289
Tol.St.L. AK.C December.
76,958
Union P.acKle.. November. 2,636,238
Valley of Ohio.. December.
94,976
.
413,607
141,340
85,835
61.278
52,542
84,0601
162.778
492,3!'
143,148
36,119
9,510
50,667
147,222
21,91i
216,709
14,974
31,333
20,559
40,878
8,597,.'i85
52.384
162,508
679,7.'>3
73.900
47.387
98.999
90,20e
22.919
81.05:
95,372
Mexican currenoy.
Includes whole system from Fort Worth
;
onjolnt triick— E*ueblo to Trinidad,
i Including Iowa Falls A Sioux City.
1,746,549
5,600,976
1,798,999
838,141
1,447,398
3.426.601
1,352.639
976,597
82,950
911,800
59.614
859.489
1,235,898
202.184
6,207.709
1,328,507
202,014
6,407,108
668,462
5.15.753
1,190.3j2| 1,085.187
886,340
070,734
26,880,308 26,3'i3.S9-i
665.529
624,104
5,767,051 6.428.t73
9,464.027 9.706.04ft
3.183,737 2,786.285
410,784
431,637
1.199.108 1,370.31»
596,615
369.237
870,7j7
744,71. 8641,009
604.218
3.814,7.55 3.723.108
All llnea luoluded.
to Donver, but noteai-Li(.s
||
.
—
..
—
.
THE CHKONIOLK
66
Latest Gross Earnings by \Veeks.—The latest weekly
earnings in the foregoing table are separately summed up
as follows.
The new year begins satisfactorily, and for the first week of
January there is an increase of 8-13 per cent on 27 roads.
1889.
week of January.
1«(
1888.
Increase.
Decreare.
34,017
14,493
34,044
11,600
395,000
44,878
131,000
14,465
4,541
14,515
32,593
55,800
79.389
34,435
16,680
2?, 119
95,632
243,649
.
117,752
15,404
15,066
53,300
15,955
46,240
1,675,882
1,549,222
"Mexican Eailway
Milwaukee L. Sli. & West.
Milwaukee & Northern...
New York Out. & West...
Norfolk & Western
Northern Pacific
Pittsburg & Western
29,r>14
tRlchnicnd * Alleghany.
Louis & San Fran
18,401
8.'i,400
St.
Texas (fePaciHo
Toledo Ann A. & No. Mich.
Toledo & Ohio Central
Westcru N. Y. & Penn
Wteelinf & Lake Erie
Wisconsin Central
*
353, 19r
42,608
130,500
12,652
3,705
13,624
28,298
55,464
83,040
29,591
15.667
21,618
83,878
183,571
31,769
9,219
82,786
133,274
10,446
23,475
50,100
13,790
43,771
H
TotaH27 roads)
Ket increase (818
36.244
12,086
33,850
11,0C0
p. c)..
For week ending- January
5.
t
2,227
2,407
194
600
41,805
2,270
500
1,813
836
891
4,295
336
3,651
Burl.Ccd.Eap.<fe No.. .Gross.
Net...
Cairo
Vln.»&ClU
May
1 to Nov.
65,6?2
22,509
....Gross.
Net...
0.) Gross
7 monthe..„„. JNet
Contralof Gecrgia... Gross.
2,255
"9,182
2,614
15,522
"4,958
"8,409
3,200
2,165
2,469
158,734
126,660
32,064
Week ending January
4.
1887.
86,960
58,081
16.52J
322.000
26,897
59,758
43,793
14.100
723.t00
29.519
14,043
112,307
52,981
64.698
63.965
17,860
341,000
31.178
63.744
44,185
15.200
Increage.
Decrease.
797,399
309,184
48,780
19,584
Ohio. ...Gross.
Net...
July 1 to Nov. 30, ) Gross
jNet
5 months
KentuckyCentral... Gross.
Net...
Minn. & St. Louis.. ..Gross.
Net...
Gross.
New Brunswick
Net...
Gross
30.
J
July 1 to Nov.
jNet
5 months
Gross.
Ohio Elver
Net...
.Gross.
Co..
Ore. E'y ANav.
Net...
Gross.
Scioto Valley
Net...
96,392
48,707
140,600
62,647
71,036
18,274
Canadian Pacihc
Central Iowa
Chicago & Atlantic ......
Chicago & East. Ills
Chicago & Ind. Coal
& 8t. Paul...
Chlcairo & West Mich
Cincinnati Jack. & Mack.
Cln. N. O. & Texas Pao...
Alabama Ot. Southern
Hew Orleans & N. E....
Vloksburg & Meridian.
Vlcksburg Shrcv. & Pac.
Cincinnati Rich. & Ft. W.
OWoago
jMU.
Cln. Wash. &. Bait
Col. <fcCln. Midland
Col H. Val. &Toledo
Denver ,& Rio Grande
Denver & E. Grande West
Detroit Lans.
& North
Va.&Ga
& Indianap...
& T. H
EastTenn.
Evansville
EvansTille
A Pore Marquftte..
Fort Worth & Denv.City.
Grand Rapids &Ind
Flint
Other lines
Grand Trunk of Canada.
Kanawha AOhlo
I>alce
&
Erie
I.oulsv.
Western
Evans.
loolBvlllc
&
&
N. All). & Chlo.
lioulsvllle N. o. & Texas.
Mexican Central
Mexican Rallw.-iy
Milwaukee L. 8h. ,St West
Milwaukee <fe Northern...
New York Ont. & West...
Norfolk &We.stem
Northern Pacific
Ohio AMississippl
Ohio River
Ohio Valley of Kentucky.
Pittsburg & Western
Richmond 4 Alleghany...
Bt. L. Alt.& T. H.,i)ranclie8
Bt. Louis Ark.
Texas...
Bt. Louis
San Fran
&
Ban Antonio & Ar. Pass.
Texas APacific
Toledo A. A. & No. Mich..
Toledo & Ohio Central...
Tol. Peoria A Western
Wabash Western
Western N. Y. APcnn,...
Wheeling & Lake Ene
Wisconsin Central
Total (61 roads)...
Net decrease (4-11
,495
23,024
20,139
10,59S
51,900
8,834
55.068
176,300
37,275
23,355
134,185
7,023
19.293
61,905
18,525
50,969
4.346
337,353
6,311
60,634
L.
Nashville...
St.
liOtilsvllle
&
3.''
p.c.)
18,924
412,480
51,225
108,438
168,420
59,652
43,228
26,532
37,513
75,506
361,433
79,139
;:i-a 10,575
3,896
28.648
12.823
105,785
58.521
33,386
21,440
20,422
11,249
64,843
10.342
09,104
228,801
31,375
27,210
141.853
6,034
20,736
68,001
14.655
58,040
4.408
345,358
7,458
53,804
27,800
411,472
56,262
96.424
196,294
69,981
50,383
25,475
63.847
6,166,543
5,388,256
162,
71,800
24,685
871
1,220
6,522
42,340
19,206
615,273
241,516
49,607
10,205
Southern Pacific Co.—
Gal. Har. & S. Ajit. Gross.
398,156
141,966
97,375
57,699
587,008
254,838
16,108
Louisiana Westcm.Gross.
Net...
Morgan's La. ATex.Gross.
5,540
109
404
Net...
141,941
N. Orleans. Gross.
57,905
Net...
Total Atiantic Sys.Gross. 1,240,588
&
Tex.
& Ohio Cent.. Gross.
109,122
43,931
Net..
12,''43
1,508
14,036
52,501
5,900
"3,855
7,668
989
291,208 3,459,754 3,032,306
599,466
871,7e5
86,709
765,948
883,327
76,914
376,048
438,687
41,864
554,584 4,644,683 4,063,006
249,036 1,476,975 1,056,734
154,9!)0
130,688
13,157
18,843
i;469 def. 33,384
108,391 1,312,370 1,148,438
524,963
3el,v:86
40,091
1.044,255 10.430,717 f .1G5.387
Hoads.
Cleveland & Canton. Gross.
Net...
Gross.
Mar. Col. & No
Net...
Pres. & Ariz. Cent.. .Gross.
Net...
San Ant.&Aran.Paes.Gross.
Net...
1,443
6,0i;6
.
7,071
62
8,005
1,147
October.
,
Boad.
Chio.Peo.A St.Louis.. Gross.
Net...
Z)ec.
,
1887.
$
$
88,269
38,251
125,727
77,025
1,001,230
334,501
^Feb.
9
69,804
31,736
91,391
55.965
569,334
210,661
1 to Oct.
1888.
31.-.
1887.
9
28,804
7,011
6,773
2,729
8,639
5,687
69,041
21,075
32,000
9,250
8,624
3,718
11,714
8,635
97,124
39,104
1888.
3,870
1,102,304
345,792
549,151
178,615
111,227
48,226
'-Jan. 1 to
December.
1888.
1887.
1888.
,
283
656
388.497
147,105
339,336
426,680
38,268
163,738
189,0(jO
19,707
616,057 5,854,263 4,836,409
2,170,751
3o8,M75 2,120,073
726,224
611,246
70,723
183,374
131,881
18,912
974,947
327,983
504 186
July 1 to Nov. 30. J Gross
182,434
JNet
5 months
26.880.3i_>8 26,313,894
Pacific!.'.'.". ..Gross. 2,636,238 2,597,585
Union
union ratiuu
11,176,781
10,435,443
set... lloie.OSO l,171,5iO
Toledo
1,584
31.^
1887.
$
S
244,307
101,646
29,091
12,297
6,830
GENERAL INVESTMENT NEWS.
8,876
28,992
5,037
12,064
27.874
10,329
7,155
1,057
38,670
84,0ti0
20,253
25,910
106,983
160,606
26.002
211,681
18,792
26.1S0
17,289
392
1,100
77,352
80:>,352
329,173
72.215
8,970
3,746
49,885
10,476
29,744
94.009
179,426
19,252
216,709
14,974
31,333
20,559
162,508
73.900
22,919
95,372
,42.1)19
5,884
1,336
19.000
4,281
3,986
2,462,633
857,818
459,6S7
189,472
222,327
88,972
955,487
101.838
440,476
48,756
147,684 1.263,022
319,599
59,260
803,196
73,772
23,899
401.260
47,052
24,321
2,700,587
605,647
699,917
228,315
477,865
184,770
6,019,721
2,117,399
3,309,131
1,387,949
1,218,014
144,053
1,798,547
734,414
2,134.196
486,283
25,412,690
11,436,754
4,826,182
1,469,444
2,441,327
910,173
425,763
147,827
213,043
69,617
986,330
423,897
1,364,974
411,774
750,875
12!* ,748
N.Y. Tex. &Mcx... Gross.
22,202
762,106 6,593,775
353,764 2,202,885
3,372,841
1,331,549
Net...
Atlantic & Pacific
Buffalo Koch. & Pittsburg.
Cairo Vln. & Chio
$
$
2,579,878
674,222
669,178
214,463
299,589
109,886
67,4=8
18,224
448.^4l
160,917
Net...
1888.
Jan. 1 to Nov. 30.—%
1887.
1888.
.
125,871 138,593 1,257,604
.Gross.
Central Iowa
81,502
49,171
19,366
Net...
180,825 209,140 1,817,498
Ches.Ohlo & So. West Gross.
661,725
73,700
71,572
Net...
238,367 154,809 l,842,al9
Chio.Bm-l.& North'n. Gross.
364,818
7,989
86,980
Net...
Chlc.Buri.& Quincy.. Gross. 2,230,839 2,346,834 21,621,494
5,302,369
1,147,917
777,012
Net...
East Tcnn.Va. & Ga. Gross. 517,569 515,621 5,118,226
181,149 217,727 1,772,173
Net...
off.
week of December.
.
$
July 1 to Nov. 30, » Gross
>Net
5 months
KnoxviUe&
For the fourth week of December there is a loss of 4-11 per
cent on the 61 roads reporting. There was an extra Sunday
in December, 168S, which in a measure accounts for the fall-
il/i
9
305,853
134,709
July 1 to Nov. SO, J Gross
)Net
5 months
4.844
1,013
501
11,753
60,078
^
ing
Korember.
1887
1888.
,
Roads.
Net...
9
$
Bnffalo Kocli. & Pittsburg.
Cairo Vlnccnncs <te CUc.
ChlraKO A Atlantic
Chicago & Ind. Coal
Clilcago Mil. & St. Paul. ..
Ciiuiniinti lud. St. L.<fe C.
Druvcr & Klo Gran-le
Detroit L.ina. &Nortli
Evan8vlllo& Indlauap...
EvBnBville & 1.
routsTlllo N. Alb. & Chic.
louisv. N. O. & Tex
LVOL. XLVIII.
1,157
11,659
32,260
6,924
1,005
150
2,134
9,777
3,831
12,974
'18,820
6,750
"5,628
3,S18
5,153
3,270
274
2,100
1,766
'ii',312
153,369
375,082
221,713
Net Earnings Monthly to Latest Dates.—The tables followIng show the latest net earnings reported this week, the
returns for each road being published here as soon as received,
but not kept standing from week to week. The figures cover
the latest month and the totals from January 1, and also the
totals for the fiscal year on those companies whose fiscal year
does not correspond icith the calendar year.
Atchison Topeka & Santa Fe.— Boston reports say that ofassurances are given that the net floating debt of Atchison
has not recently been increased. The Chicago terminals have
cost $5,500,000, for which bondshave been issued and sold. The
Atchison had to advance
total cost will be about |8,500,000.
money for fixed charges for several branch lines, but outside
of the Sonora interest such advances are charged to income
ficial
account, not to fixed charges. This is said t9 ba a wise plan,
as this year Atchison received $2,000,000 for advances to Atlantic & Pacific, The present bookkeeping method is eaid to
prevent the publication of earnings and expenses of the 4,000
miles not reported. The new auditor of AichiBon is quoted as
saying that with the money from the $7,000 000 notes paid in,
the company will have no floating debt March 1, 16S9, except
these notes.
Chesapeake & Ohio.—The new Ohio River division of the
Ohio Railroad was opened for business on the
Chesapeake
It is called on the time card -Cincinnati Division," and
8th.
extends from Cincinnati up the Ohio River on the south side
As yet trains do not cross
to Huntington, about 150 miles.
the new bridge at Cincinnati, but make Covington the western terminus.
Cincinnati Washington & Baltimore.— Coupons on the
43^ per ctnt first mortgage bonds of this road, due November,
lsa8, were paid on the 7th at the oflioe of the Treasurer of the
Bait. & Ohio RR. The bonds and coupoas are guaranteed by
the latter company. It is stattd that last week, after receivBaltimore had been
ers for the Cincinnati Washington
appointed, some ot these past due coupons, which had not
&
'
&
—
January
la,
18t9
"
been presented for payment by the holdera. were sent to the
Farmers' L"an & Tl'ust Company of New York, who are the
truatcea under the mortgage. The answer was returned that
there was no money to pny the coupona. Then they were
prestntrd to the B.ilr, more & Ohio. The piynient of overdue
coupons (^oe« not extend further than the 4J^ d. ct. guaranteed
bonds. Tlie Baltimore & Cincinnati sevenp, |500,000 of which
were arsumed, do not share in the guarantee given to the
f 8,^50,000 of 4iis.
Denver South Park & Paciflc— At a meeting of the Denver South Park & Pacific people, a permanent committee wis
appointed to proc>ed witli tlio foreclosure of the road, and its
reorgauizition under the scheme presented by the temjiomry
committee, which will be publish d soon. The permanent
committee consists of F. D. Tappen, W, H. Hollister and
Francis Leland.
Denver Texas & Fort Worth.— A report has just been
made by Mr. S. Tilghman, one of the Executive Committee,
who went ovtr the roid on a tour of inspection in December
last.
The following statement, furnished by Mr. Meek, tlie
General Manager, shows his eetimate of the operations of the
company for the year 1889:
Kstiiiiatcd comings for jcar lt89
$3,000,000
Estimated expenses for year 1889
Fort
WoithA Denver
Denver Texas & Gulf
DonvcrTexas & Fort Wortb
Betterments required
:
THE CHRONIC LK
]
Baliirce to apply to indebtedness
Intertitt payable in I88y
—
:
I,9o0,oo0
and
interest
$1,030,000
$480,000
75.000
224,000
$779,000
231,000
1,010,000
Balance
$10,000
Mr. Tdgbman remarks: "We went over the entire road by
daylight, and I saw wtere a large sum had been expended
since August in rebuilding the old road between Wichita Falls
and Alvord. Tne estimate of |40,000 for new tied, ballast,
etc., between Alvord and Hodge will be absolutely necessary,
as the road for fifty miles north of Ft. Worth, owing to the
wet weather and the poor quality of ballast formerly used,
will have to be partly rebuilt. The roadbed from Quanah to
Trinidad is quite up to the standard of Western roads." * * «
"The yards at Trinidad are quite, extensive, about 100 acres,
and could hai dly be duplicated for several times their cost.
The wisdom and for< sight of General Dodge in acquiring this
property is to be commended, as its future value will be very
great. The item of $20,000 for new depot and freight house at
Colorado Springs I think unnecessary to beexpended j ust no w.
* * "A«( we left Pueblo we found evidences of where
a large
Bum of money has gone in the past six months in rebuilding
Uie bridges and relaying the track of the upper division or
Gulf road. This road last spring was in even worse condition
that the old road at the lower end, but with the amount asked
for by the General Manager I think he will be able to put it
firs'-class condition, when we will have as fine a road
for
805 miles as we want and one easily maintained." * * "The ter
minals at Denver are simply grand— one hundred and thirty
acrt 8 almost in the heart of the city, besides two other
tracts
of eighty acres each in the outskirts of the city. The
lowest
estimate I have heard placed on this real estate as a whole
is
foGO.OOO, and from that up to two million dollars. I
think
thete terminals and our mine at Franceville are
worth at
least half, if not two-thirds, of the bonds on the Gulf
road if
m
'
properly managed."
(Jnlf Colorado & Santa Fe.— On rumors that the
bonds
of this company mi^ht go to default in April, through
lack of
sufljcient net e'irnings on the road, bothtlie firsts
and
seconds
declined sharply, hut afterwards partially recovered.
As
to
any obligation of the Atchison Company for the debts of this
road, Dow, Jf n^s & Co. quote the Consolidation
Agreement
of March 3, 1!;86:
" Now for and in consideration of the premises, etc., etc
the said Atchison Topeka & Santa Fe Co. agree
to assume all
of said bonded indebtedness including all interest
thereon "
.<-2?*'^.°'®°'^®^°*°'"'" o' March 80, 1886, has this clause:
The Atchison Topeka & Santa Fe Railroad Co. will catry
out Its agreement to afsume the bonded indebtedness
of the
Gulf Colorado & Santa Fe R. R. Co. by proper corporate
acts
on or before the Ist day of May, IhST." A meering of
the
stockholders of the Atchison Topeka & Santa Fe
Co. was
called and held in Topeka on May 5th,
1887, to ratify and
contirm the contract, and this was done.
Inter-State Railway AssoclaHon.- This is to be the title of
the organiz ition formed at the great meeting of
railroad presidents on Thursday, Jan. 10, 1889, and Mr.
Charles Francis
Adams, of the Union Pacific, was chosen Preeidetit of it. The
conference was held at the house of Mr. J. Pierpont Morgan,
between presidents of the principal railroad companies and
representatives of leading banking houses of this country and
,
t-uroije.
At a previous merting of presidents of railroads
west of Chicago and St. Louis held on Tupsday, Messrs. Charles
i-rancis Adauic, of the Union Paciac;
William B. Strong, of
the Atchison Topeka & Santa Fe, and Frank
S. Bond, of the
«-nicago Milwaukee & St. Paul companies,
were appointed a
committee to prepare a plan for permanent organization and
to confer with th- Inter State Commerce
Commission in regard
»o me legality of the proposed plan.
A consultation between
ine committee and Messrs. Cooley,
Morrison and Walker, of
'l>iNational Commission, had been held.
Thenamesof the persons attending are given below, and
the substance of the resolutions affecting the
railroad.'.
67
behalf of the bankers Mr. Morgan said prior to adjiurnmeat:
"In regird to the remarks made informally by Mr. Rober^,
about tjuilding pardllel lines and the position of the bankers
thereto, I am qui: e prepared t) say in behalf of the houaia
represented here that if an organiz ition can be formed practically on the basis submilt d by the committee, with an
executive oommittej able to enilorce its provisions, upon
which the bankers shall be represented, they are prepared to
say that they will not negotiate, and wilt do all in their po wer
to prevent the negotiation of any securities for the construction of p irallel lines, or the extension of lines not unanimously
approved by such an executive committee."
\
The Uliica.;o
Alton, the Southern Paciflo and tl^e
Illinois Central were the principal railroads not represented
at the meeting. The Alton and the Illinoi-i Cnntral have not
attended any of the conferences, but the abaence of Mr.
Huntington was not considered significant, as it is understood
that he has been for a long time in favor of a comprehensive
plan for the uiaintenanco of rates. The refusal of President
Cable of the Rock Island to vote for the resolution a;<ain3t
the payment of coaimissions was said to be caused by the uncertainty about thes3 competitors. He explained his action
on this ground, that until the Alton and the Illinois Central
would give aesuranca of their intentions, he was not willitig
to vote on the resolution and thereby bind his company while
its piincipal compr-titors were left free.
committee
appointed to get the signatures of all presidents of Western
railroads to the agreement, and it is believed that they will
sign when the provisions are well known. The following,
named gentlemen were present:
&
w^
A
J.
J.
Flerpont Morgan
)
Drcxel.
Hood Wright
)
J. S.
John Crosby Brown
Cliarles D. Di key
Col. O. W. Poabody
i
George C. Magoim
W. B. Strong, President
c: f.S;le."iiiS'?.':"!::::::::::::
Morgan &. Co.
Morgan & Co., London.
Browu Bros. & Co.
&
i
Brown,
(
Kidder, Peabody
5
Baring Bros.
Shiiiley
Co.,
London.
& Co.
London.
Alcliisou Topeka & Santa F6 RR.
c^^c^o ^-^^^^^- ^ Quincy kr.
\
&
Co.,
^"J:'^5^^ vl^'ls^St::;;:;:; |c^'-s° *^<'>-«--»''" ««•
K. E. Cable, President
Chicago Eock Island & Pacific ER.
F. S. Bond, Vice-President
)
Chicago Milwaukee & St. Paul BR.
Peter (jeddes. Director
J^
H. T. Dickey, Director
)
Jay Gould, President
^ Missouri Paeifin RR
Geo:ge J. Gould, Vice-President... J ^^'ssouri racinc jjk.
Charles Francis Adams, President... Union Piicltlo RR.
U. L. Morrill, VicePiesideut
St. Louis & San Frnuoisco RE.
A. B. Stickaey, President
Chicago St. Paul & Kansas City RR,
Wabash Western EE.
O. D. Ashley, President
Counsel for Bankers.
Col. J. J. McCook
Also the following trunk line officers
George B. Roberts, President
Clia incey M. Depew, President
Pennsylvania RR.
N. Y. Central «t Iludsou River RR.
President
N. Y. Lake Kiio <fe Western RK.
Delaware Lacltawanna & We.t. BE.
lion. San. ucl Sloan, President
Charles J.,Meyer, Presiicnt
\ i*ait™ore
Baltimore &
uuio RR
UK.
&. Oldn
Gen. Orlando Smitli, Vice-Prest.... i
.Lehigh Valley RR.
E. P. Wi.lmr, President
JuhuKmg,
;
Mr. Adams, of the sab-comoiittee, presented the following
report
In submitting the accompanying plan of organization your
committee desire to present a brief report setting forth the
principles upon wi.ich it is ba^ed.
It has been manifest throughout the difcussions which have
taken place at these meetings that thcto attending them defirst
and foremost, the strict enforcement of the
sire,
provisions of the Inter-State Commerce act, both among themselves
and against
Wiiether that
all others.
in its present shape, is in all respects
beneficial or not, is in the view of your committee beside the
question; it is sufficient that it is a law, and that, as such, it
saould bear with equal weight upon all; but it will not bear
act,
with equal weight upoa all unless it is eqally obeyed by all.
B.^yond this your committee has considered that in matters
of traffic it was best to adhere strictly to the agreement
known as the " Agreement of Presidents of the Ist of January,
1889." They have not sought to extend the provisions of that
agreement, or to introduce into the present plan any features
likely to excite discussion.
That agree menc has, therefore,
been incorporated ia the plan now submitted without change.
Finally, they have sought to introduce in the simplest possible form the machinery necessary to secure the enforcement
of the Inter-State Commerce act, and at the same time to make
the agreement of January 1 effective. To thia end they propose an executive organ'zition and the principle of aibitration for the settlement of difficulties.
If, therefore, under the rules of the association now recommended, a company, a member of the association, should,
through its officials, at any time consider itself wronged, the
course for it to pursue will be to appeal to the association for
justice to itself and the punishment of the delinquent ; and
until the asstjciacion fails of its purpjse, the complainant will
be debarred from endeavoring to secure (or itself what it may
consider its rights.
In order more eflfectually to secure theie results, it is proposed that the association to be now formt d should be an
association of presidents, to the end that the highes'. officials
of the various companies may ba made reep insible one to
another, and thereby be held to a more strict and personal
account.
PLAN OP ORGANIZATION.
The main features of the plan of organiza'ion, reported at
much length by Mr. Adam;i' Committee, and already approved
On by the Inter- State Commerce Commissioners were eubetan
:
;
THE
68
HRONKJLE.
association of presidents of railroad comtially as follows:
panips shall ba formed for the purpose of enforcing the pro
Tisions of the Inter-State Commerce Act and of maintaining
"public, reasonable, uniform and stable rates," in conform'ty
An
also to secure reports of all competitive traffic subject
The association is to have a board of managers
consistine; of one accredited representative from each company. This board will meet monthly and whenever required
by a written call signed by the chairman or three members.
It will appoint rate committees for the freight an ^ passenger
departments, whose duty will betoconsider proposed changes
in rates on traffic. Whenever there is any difference in either
committee the question will be left to arbitration. Division
of through rates on traflSc is to be arranged through the association, and bidding for business by me ms of private concessions stopped. The board of managers will establish rules to
limit needless and reckless outlay in etriving to obtiin business either through separate agencies or the piyment of commissions. To 'nsure the carrying out of established rates, an
auditor will have authority to examine and check station
with
Railway
'
had
The
Dec. $357,833
Deo. 234,927
Net earnings
Miscellaneous receipts
$1,207,901 $1,330,807
13,000
47,733
Deo. $122,906
Deo.
31,733
Total net receipts
Interest and rentals
Taxes
:
Beaolved, That the payment of any sum of money by a railway compa.ny to the olfl era or agents of another railway, either In the form of
salary 9'' commission, to Influence passenger l)ustne33, being subversive
of discipline and a breach of commercial propriety, is hereby dlaapUesolred, That the payment to persmg not exclusively la railway
service of coiiriilHsIons for tlie sale ot ticlcets fosters discrimination
illsturbs established rates, and is, therefore, dt-approvod.
H itel,
the Eastern trunk line presidents not attending. There, section by section, the plan reported by President Adams'
committee in the morning was adopted with a few modifications
among which it was provided that while the managers will
fix rates, differences will be settled by arbitration by
an independent board and not by an executive committee. Instead of
a chairman and two vice-chairmen— one for the freight and
the other for the passenger department— tbere will be only
a
chairman and two arbitrates.
Adjournment was voted subject to a call for another meeting by the chairman, Mr. Adam^.
LonlsTlIIe & Nashrllle.— The Louisville ANishville directors met and declared a stock dividend ot 2 per cent,
payable
lebrua^ll, in pursuinoe of the policy adopted last
year
ine statement of operations for the six months ending
cember 31 (Decembar, 1888, being partly estimated) shows-De18S7.
OMrial.
$3,621,298
5,103,479
Deo. $331,265
Inc.
21,021
Net earnings
$3,168,533
$3,520,819
Deo. $352,286
$2,213,668
190,000
$2,403,668
$1,117,151
261,972
Ino. $103,038
—
Fixed chargea
Interest and rentals
EU.
$2,316,758
T»xes
190.000
Total fixed charges & taxes $2,506,756
Net earaings
$661,777
Other Ino. from Investrn'tg...
318.297
^Surplus
«a *doO,o74.
**'
^
**"'
$1,:<79,123
Inc. or Dec.
Ino. $103,083
Dec. $155,371
Iiio.
Dec.
''*°*'*"' for 1630,860, leaving
$1,220,901
$608,895
124, i90
$1,378,540 DdC. $157,639
$148,994 Ino. $59,901
90,484 Inc.
33,806
$733,185
$187,716
300,000
$639,478 Inc. $93,707
$739,062 Djc. $251,346
430,000 Dae. 130,000
$187,716
$309,062
Total charges
Net revenue
Dividends
meeting
1888.
latter
$3,180,«81
1,849,874
Resolved, That we are heartily in favor of the strict enforcement ot
the Ititer-State Co nmerce act, of the maintenance of reasonable rates,
the principle of arbitration, and the formation ol an association to enlorce thess objects under the general scope of the reports ot thi
committee of the presidents of the Western roafls, and that the trunk
line presidents should meet at the earliest possible date to form an
assoeiaiion to carry these purposes into efTect.
The following resolutions were adopted by the Western
railroad presidents, except that Presideac Cable, of the Rook
Island Road, asked to b3 excused from voting until his company's competitors, absent from this meeting, could be heard
Dtc.
par by
$2,822,848
1,614,947
The Executive B lard, which will determine all questions
that cannot be settled by the managers, will consist of three
experienced men, who shall be elected unanimously; but
either may be removed by a two-thirds vote. One will be
chairman and the two others vice-chairmen, one of the freight
and the other of the passenger department, and they shall devote all their time to the affairs of the association. [Afterwards modified slightly.] The presilents and members of the
association will hold stated meetings on the second Tuesdays of January, April, July and October of each year, and
Bpecial meetings may be called at the request of two presidents or of the Executive Board.
The report of the committee was unanimously approved.
The Eistern trunk line presidents in attendance then passed
the following resolution, moved by President Depew and seionded by President Roberts of the Pennsylvania, and requested that it should be incorporated in the proceedings of the
$3,293,033
5,124,500
a';
Gross earnings
Operating expenses
this.
_
will be purchased
Milwaukee Lake Shire & Western.—The statement of the
earnings and expenses for the year ending Deo. 31 {D.cember,
18?8, being estimated) shows:
1888
lac. or Dee.
1887.
necessary.
One officer of each company will be held responsible for the
strict maintenance of rates and rules established by the association. The penalty for any violation of the Inter-State Commerce Act will be a report of the findings to tbe Inter-Scate
Commissioners. And for any violation of the rates or rules of
the asaociatioti a fine of $250; employes found to be Kuilty
will be discharged, and the presidents pledge ttiemselves to
Orogg earnings
Operating expenses
which
practically completed.
if
The meeting at Mr. Morgan's house then adjourned.
At 2 P. M. there was a second session at the Windsor
73,
Company of Philadelphia until Maroh Ist next
company requires the bondholders selling their
coupons to assign their right of claim against the It;haca &
Athens Railway.
Loaigrille St. Louis & Texas.—The Green River bridge is
it,
from
mortgage
XLVin.
the Investment
to that law.
accounts, receiving and forwarding books and all books,
accounts and vouchers kept in the auditor's office of each
company, and an examination of officers under oath may be
first
[Vol.
51, 325
,
„ „»(,
$399,049
a balakoe
of^349 m°"*
Ithaca & Athcng.-The Lehigh Valley Railroad has
declined to pay the January interest on the
Ithaca & Athens
Surplus for year
Doc. $121,346
The dividends paid were six per cent on pref. stock in 1888;
seven on pref. in 1887 and 4 on common,
Ohio & Northwestern,—The Investment Company of
Philadelphia has sued the Ohio & Northwestern Railroad Compauy for the payment of 674 bonds of |1,000 each, held as
security of a loan, and has asked the United States Court to
have a receiver wind up the affairs of the road if ths payment
cannot be enforced. The road has been for some time ia a
receiver's hands.
Philadelphia & Reading.- The B uri of Minagars of the
& Reading Railroad Company held their final
meeting January 7, prior to the annuil meeting, which will
After a session of an hour and a half
be held next Monday.
the gentle rnen aunounced that they had decided to pay 7 J^
per cent interest on tbe first preference bonds, 7)^ per cent
on the s?con1 preference bonds and 2^ p?r cent on the third
preference bonds on February 1.
This calls for the disbursement of $3,506,435, The report for the year ending November 30 will be made public on the 14tti at the annual
Philadelphii
A
Puiladelphia report says that about $1,500,000
meeting.
has been appropriated from the net earnings for bstterments
and $575,000 was set aside for the sinking fund.
South Carolina. The temporary committee of the South
Carolina 3d mortgage bondholders represents about 50 per
cent of the holdings. The temporary committee consists of
Mfssrs. Gustav Kissel, of Kessler & Co., 51 Wall S reet
Thomas L. Manson, Jr., of Charles He id & Co., Mdls Building, and George W. DiUaway, of Dillaway, Davenport
Leeds, 18 Wall Street. B mdholders are requested to address
Mr. Dillaway, stating the number of bonds held. A meeting
will be called later.
St. Louis & Chlcagro.— There has been serious disagreement
for 6ome time past among the stockholders of this company,
which has finally led to the appointment ot a r<^ceiver. At
Ctiicago, Jan. 7, Robert Cavet'. was appointed by Judge
Chicago Railway ComGresham receiver of the Si. Louii
pany. Toe company defaulted in the payment of interest on
—
&
&
mortgage bonds and $1,000,000 of consoli$500,000 of
dated first mortgage bonds, the Utter being held by the
American Loin & Trust Company and the first mortgige
bonds by fie Mercantile Trust Co ^^p^tly, both of New York,
as trustees. The bondholders are taking steps to reorganize
the company. An injunction was granted by Justice Patterson of the Supreme Court in New York, at the suit of Charles
H. Wing, restraining the Holland Trust Company and the
St. Louis & Chicago Riilroad Company from selling or interfirst
fering with 5,497 shares of the capital stock of the
Coke Company,
Olive Consolidated Coal
&
Mount
—
St. Louis Yandalla & Terre Haute. Th? annual report
for the year endiog October 31, 1888, sho«7S gross earnings,
$1,622,715, 30 per cent of which amount, or $4S6,814 was the
income of the lessor company for the year, and out of which
is paid for interest on bonds and other charges
income there
tbe sum of $372,162, leaving a surplus for the year to the
The tonnage decreased 140,784
1-ESor company of $114,652.
tons, or nearly 10 per cent. The number of passengers carried
increased 10,341, or about 3 p?r cent. The gross earnings from
all sources decrea8?d $134 288, or nearly 8 per cent. Ttie total
expenses of operation for the year were increased $11,838, or
about 1 per cent.
w
Texas Western.— The Farmers' Loan & Trust Company
has the news from Galveston, Texas, that the Judge of the
United States Circuit Court has issued a final decree of fore closure in the case of this company against the Texas Western
Railroad Company. The property is a narrow gauge road of
meagre equipment, extending from Houston, a distance of
about fifty-four miles, to a point in Austin County.
Wabash. The Masters in Chancry in the Wabash case
have adjourned, having b;en in daily session sin-e Monday
All the evidence has been heard and the many attorlast.
neys engaged in the case have concluded their arguments on
—
the questions involved.
The Masters, before adjournment,
their intention of meeting at Chicago on the 20th
instant to prepare their final report to the Court, which would
be filed shortly thereafter, and then the reorganization committee will move for a speedy decree.
announced
:
Jauxjaky
13,
THE CHRONICLE.
1880.]
Reports ami
jElocumcttts.
CONSOLIDATED KANSAS CITY SMELTING
&
REFINING CO.
APPLICATION TO TUK NEW YOUK STOCK EXCHANGE.
The Qoverning Committee of the New York Stock Exchange on JanuMiy 9tb placed on the regular liat of the
Exchange the capital stock of the Consolidated Kansas City
SmeUiug & Rellning Co,, amounting to Two Million (2,000,000) Dollars, conBiBting of Eighty Thousand (80,000) shares of
zation, bo far as detirable aud profitable, interests mutually
dependent on each other, and the aggregate profit of which
car be enhanced and made secure by such combination or consolidation.
properties owned by the Company are as follows:
Kamsas City Plant.— This plant io located in Argentine,
The
a
suburb of Kansas City, on the line of the Atchison Topeka &
Santa Fe Railroad. The w orks consist ot smelting works, with
seven blaet furnaces for the smelting of ere, and refining
works, suited for tlie reflniog of lead bullion (the product of
lead and silver ore smelting). The latter works work up into
the final products, namely lead and silvtr, the product (lead
bullion) of all the smelting works and blast furnaci s owned
by the company. The Iccation of the refining works is such
aa to permit drawing raw material from the entire chain ot
the Rocky Mountains through a great many railroads, and a
distribution of the final product over a large number of roads
to the points of consumption. The smelting works and n fining works at Argentine own about 18 acres of land on which
the works are tuilt, and, in addhion, own in the city of Argentine 20 luts, and adjoining the city of Argentine 2M acres of
land, on which are located S2 residences occupied by the employees of the works. The works are particularly well situated with reference to economical work, and have unequaled
railroad facilities. In order to secure a steady supply of
skilled labor and to permanently locate employees the company providts, in addition to the houses or residences as
stated, sleeping accommodations in large halls for unmarried
men. The works have a capacity for smelting 350 tons of ore
per day, 20 tons of matte and for refining 135 tons of bullion
per day.
The Mexican Ore Company's Plants and Property. —The
Mexican Ore Company own by lease and contract three valuable mining claims in Mexico, which produce 1,200 tons of
ore per month, particularly desiratle for the carrying on of
the smelting business of the Consolidated Kansas City Smelting and Refining Company, The company own further ore
crushing and sampling works at the three points of entrance
of the three Mexican railways into the United States, namely,
at El Paso, Texas, Eagle Pass, Texas, and Laredo, Texas.
The company own propt rty in the City of Mexico and at
Escalone, Mexico, at which latter point large storage buildings, office and warehouses have been erected for the handling of the company's thipping business and merchandise
businass at that point. The company, in addition, have local
stations at five different points in the Republic of Mexico,
where laboratories are provided, and where means are at hana
for the sampling and purchasing of ores. The Mcrxican Oc«
Company, by virtue of a thorough organization, ia in the
position to command a large proportion of the trade in ores
in the Republic of Mexico; ana aside from the fact of being a
very profitable organization in itself, is of great importance
RefiiiiHg Com
to the Consolidated Kansas City Smelting
pany in the way of providing raw material, that is, ore» for
the smelting woiks of the company, both at El Paso.and at
&
—
City.
the oompatiy amounts to about 00 acres. 2d. Smelting woi k«,
located on Calitoruia Creek, about two miles west of the City
The company owns 100 acres of land, has am(>f Leadville.
ple track and blorage fucditiea, and thenorka have seven blast
fuinaces with an aggregate capacity of 280 toes per day,
OfcNERAL, The combinat'on of interests controlled b> the
Consolidated Kansas City Smelting & lieflning Company
virtually commands the business ot miniog, smelting and
rediiinx load and silver, that is to say, the different institutiona of tiie compsny have to do with all the operations n hich
lead and silver ores have to undergo from the mining of the
same up to the placing of the finished metals contiined iu the
same in the miirke>t8 of thecouulry. This arrangement not
only secures to the company the profits derived fiom each
operation, but the assistance that one branch lends to the
other gives the entire company a variety of interestci and
stability, which at all times will ensure a reasonable profit
upon the capital of the company. The profit of the company,
therefore, is not dependent upon any one accidental or ternporaiily profitable transaction, but is derived from a great
transaclions. While the dilmany sources and a great
ferent stablishments and the different butinestes of the
Consolidated Company all arc so plaejed as to assist each ether,
and while each concern or establishment in itself is piofitable,
the interests cover so large an area, and compared one with
the other are located so far apart that local fluctuations can
have no inflaence upon the general outcome, and will therefore not seriously affect the entire property or profit of the
Consolidated Company,
The earnings of the company have averaged 13J^ per cent
on the capital stock.
The list of officers is as follows: A. R. Meyer, President and
Treasurer; N. Witherel), First Vice-President; R. S. Towne,
Second Vice-President; R. D. Everett, Secretary and Assistant
Treasurer; Edwarel Brush, Assistant Secretary.
The general cfiBce of the company is at Kansas City, Mo., at
which office the President and Treasurer, the Second VicePresident and Secretary are located. The office in Nesv York
City is at 20 Nassau Street, where the First Vice-President
End Assistant Secretary are located. The New York office ia
also the office of the Board of Trustees, which is as follows:
A. R. Meyer, N. Witherell, Theodore Berdell, John Quincy
Adams, A, Foster Iliggins, Earl Philip Mason and F, B,
mmy
(
Tilghman,
company are registered by
TruBt Company, and are transferable
i'he certificates of stock of the
the Farmers' Loan
&
New York office,
The company also has branch
-t^
at the
offices at Chicago, St. Louis,
El Paso and Laredo, Texas, Denver, Colorado, and at the City
of Mexico,
COLORADO MIDLAND RAILWAY CO.
APPLICATION TO THE
NEW YORK STOCK EXCHANGE.
New
York, December
10, 1888,
hereby made to have placed on the regular
list or the New York Stock Exchange the Pirst Mortgage Six
Fifty-year
Sold Bonds of the Colorado Midland
Per Cent
Railway Company, amounting to |6,250,000 issued June Ist,
lt86, maturing June 1st, 1936; the par value being f 1,000
each, numbered from 1 to 6,250, inclusive interest payable
June 1st and December 1st, at the Central Trust Company,
New York, at the rate of six per cent per annum registrar.
Central Trust Company of New York tiansfer agent, Oscar
Bunke, Assistant Secretary, at the company's office, 62 Cedar
Application
is
;
;
;
;
Street, N. Y.
The Colorado Midland Itiilway Company
is incorporated
general laws of the State of eJolorado
date of organization November 23d, 1888.
The company
owns a line of railway within the State of Colorado, as
follows
ULder Chapter
XIX
Mileage of Eoad—
Colorado Springs to Elk Creek
Aspen Juuction to Smuggler Mountain
Cardltr to Spring Gulcli
Miles.
233-3
ig-i
i3-5
„
Total
of lullosige covered by First MortgageColorado Sprlugs to Elk Creek
Aspen JuQctiun to Smuggler Moontiiin
366-9
Memorandum
El Paso Smelting Works,—The property of these works
consists of 1,300 acres of land, located h ithin 2^ miles of
the city of El Paso, Texas. In addition to the smelting
works, this ground contains tenement hous.s, containing in
the aggregate over 100 rooms, which are rented to employees,
and the object of which aga'n, as in the case of the works at
Kansas City, is to secure permanently skilled and valuable
The works consist of five blast furnaces for the smeltlabor.
ing ot ores, of roasting furnaCcS, and all the necessary
machinery and appliances for the successful treatment of
ore?, and the capacity of these works amounts to iiOO tons per
day. These works also are the owners ot the three mining
claims in New Mexico which produce ores containing lead,
silver and iron, a combination of great importance and value
to smelting,
Leadville Plant.
b9
—
j
the value of Tweuty-ftve (35) Dollars each.
The Company is incorporated under the laws of the State of
New York, and was organized April Ist, 1887, by the purchase
of the entiie stock, properly, real and persona), and of all the
asaets of the Kansas City Smelting & RaiininK Company, of
Kansas City, Mo., El Paso Smelling Company, of El Paso, Texas,
Mexican Ore C impaoy, operating in the Republic of Mexico;
and of the purchase of over two-thirds of the stock of the
Arkansas Valley ^melting Company, of Leadville, Colorado.
The object of the consolidation is to control in one organi-
Kansas
;
—This property consists of two concerns,
namely —
Ore crushing and
originally separate enterprises,
:
Ist.
sampling works, adjoining the city of Leadville, and where
are located the city office, a brick building owned by the company, and the sampling works, which have a capacity of
erushing and campling 800 tons of ore per day, and which
have very extensive track and storage facilities, the Uiter
sufficient to hold about 8,000 tons of ore.
Th« real estate <.t
233-5
ig-^
291-9
Not covered by First MortgageCardiff to Spring (iulfh
ig-o
_
Total leugih of road
The roadbed
and gravel, and
266-9
is in good condition, all ballasted with rock
laid with steel rails.
The road is of standard
4 feet 814 inches gauge, being the first broad-gauge road penetrating the heart of the Rocky Mountains.
The following is the present quipment of the company: 41
locomotives, 2t> passenger cars, 2 baggage, mail and express
cars, 325 box e^rs, 213 flat oars, 25 stock cars, 213 coal cars, 13
cabeioBes, 8 road cars.
The Capital Stock of the corporation, authorized by its articles of association, is 18,000,000; all of which is outstandiag.
The bonded debt of the c mpany is as follows: First Mortgage Bonds, $6,350,000; Second Mortgage Bonds, $1,500,000;
Equipment Bonds (authoiized issue $500,000), $303,000; all of
which are outstanding.
Besides, an issue of $3,000,000 Third Mortgage Bonds has
been authorized, a portion of which has been sold and paid
for, but bonds are not yet delivered.
i
>
.
:
THE CHRONICLE.
70
[Vol.
XLVUL
Second and Third Mortgage Bonds i" cumuIbyd
but payment not obligatory before 1891 and
Interest on
lative,
respectively.
STATEMENT OF EARNINGS AND EXPENSES,
COMMERCIAL EPITOME.
1888.
Friday Nioht, Jan. 11, 1889.
Trade makes some progress towards an opening for the
$200,817 68 spring season, but has
encountered unseasonably warm
Netearnings
1887, weather, and a storm in the more northern latitudes of the
November,
traffic
in
The road was partially opened for
Octoand completely opened for business in the latter part of were Middle and Western States having interrupted telegraphic
earnings
ber 1888T During the last six months the net
much property and causing
First communication, besides destroying
more than tufficient to cover the monthly interest on
It is believed that values are on a safe
the
loss of many lives.
Bonds.
Equipment
Mortgage Bonds and
basis, and that as spring approaches a good and remunerative
Officers of the Company.— President, John Scott, Colortrade will be done, even if no decided animation shall be felt
York
New
Allen,
C.
G.
Vice-President,
ado Springs, Col.;
C.
Treasurer,
Col.
Springs,
Colorado
in mercantile circles. The speculations for the week have
Sells,
Secretary, E. W.
E. Nobles, Colorado Springs, Col.
generally lacked spirit, except on the Cotton Exchange, where
the contests between parties in interest were at times some1888.
NOVEMBER
30,
statement of assets and liabilities
droPs earnings. January 1
Operating expenses
to
October 31
*^'in^'fiOO
05
JOJ.eou vo
;
;
Assets.
$17, ,013,332 00
Cost of road and equipment
300 90
8. 8. Sands & Co.. cash on deposit
195,340 00
Central Trust Company, cash deposit for due coupons..
734 56
mortgage
second
trustee
F. D. Tappen,
12,209 22
P. D. Tappen, trustee third mortgage
lO.OfiO 89
Treasurer
of
Cnshiuhanris
228,327 77
Supplies on hand
12,000 00
...........
Utah Midland Kbilway Company
Credit bal«nces
'^7;§'§n9
'M
2
5
66,394
Less debit balances
Accounts awaiting distribution
Income account
$17,802,,005 64
Ziahililies.
what excited. The export movement in leading staples is
small, except of cotton and Indian corn.
There have been no important changes in prices of lard on the
nor any activity in trade, whether for export or home,
and the market closes quiet at 7 '400. for prime city, 7 '80® 7 -850.
for prime to choice Western and 8 20@8-30c. for refined for
Lard for future delivery has been fairly
the Continent.
active, but the fluctuations of prices were within narrow
It may be
limits, and at the close there is very little change.
noted, however, that the later dealings are mostly in the
spring and summer options.
spot,
.000 00
Capital siock
mortgage bonds
Srcond mortgage bonds
Equipment bonds
Proceedsof tliird mortgage bonds, sold
Current vouchers
Current pay rolls
Due lor eqiiipmcnf, provided for by equipment bonds..
First
DAILT CL08IN0 PRICES OF LARD FUTURES.
Salurd'y. Mond'y Tuesd'y. Wednsd'y. Thursd'y. Friday.
*§'2-S ,000 00
V'fnll'
1,500 ,000 00
-Accounts awaiting distribution
Actrued interest on bonds
00
1.140,,564 25
-^OJ,,000
161,,9>-8 92
106,,190 20
b2 »12 4 9
2,,497 28
*275 ,452 50
$17,802,005 64
* Of accrued interest, $187,500 is for interest on first mortgaee bonds,
due December Ist, 1888. for which the money is in the bands of Central
Trust Company, as shown in assets, while $75,000 is for interest on
2d mortgage bonds, on which payment is not.obligatory before 1891.
Jan. delivery
Feb. delivery
March delivery
April delivery
May delivery
June delivery
Pork has been
o.
o.
c.
c.
o.
o.
7-95
7-S8
7-80
7-93
7'80
7-76
7'78
7-79
7'82
7 '82
795
7-96
fairly active
Btive
7-36
7-78
7-70
7-83
7-85
7-85
and
7-70
7-72
7-;3
7-76
.7-79
7-76
7-74
7-75
7-77
7-79
7-80
779
7-75
7-75
7-75
7-78
7-80
7-81
closes firm at $18 50(3 $14
$14@$14 50 for mess and $15@$16 75for
Cut meats have continued to sell to a fair extent,
for extra prime,
clear back.
and remain about steady; pickled bellies, 7%(S7J^c. shoulders, i%@^Jio. and hams, ^%@W/ic.; smoked shoulders, 8(3
Btef is nearly nominal at $7 50(9
8J^c. and hams, ll@ll!^c.
$8 for extra mess and $1050(g$ll 50 for packet per bbl.; India
mess quoted at $20(3 $22 per tierce. Beef hams are dull at
New York Stock Exchange.—New Securities Listed.— $12 75® $13 per bbl. Tallow firmer but quiet at 6i^(g6 5-16c.
Th= Governors of the Stock Exchange have admitted to deal- St?arine quoted at 89^@9c. and oleomargarine 7@73ic. Butings at the Board the following securities
19(g28c. for creamery and \Z@iOc. for Western
Colorado Midland Railway.— $6,250,000 first mortgage six per ter is easier at
cent fifty year gold bonds.
factory. Cheese in good demand at 10@123ic. for State facChicago St. Paul & Kansas City Railway.— $766,000 additlona' tory.
;
Enclosed is certified copy of deed of trust, and Central
Trust Company's cerUflcate of if sue of the above bonds.
G. C. ALLEN, Vice-President.
Respectfully,
:
first
mortgage
five
per cent gold bonds, making the total amount listed
$:) ,06^,000.
Ckntkal Ohio Eailuoad (Reorganized Ohio Central Railroad)—
Cofiee on the spot has been quieter, but fair cargo Rio is
quoted at 17c., and the sales to-day included Santos, c.
and f., at 14i^c. for No. 8 and 14^c. for No. 7, with moderate
dealings in Maracaibo and Corea on private terms, Padang
$1,000,0U0 consolidated first mortgage 4ia per cent gold bonds.
Consolidated Kansas City S.meltino & Repining Company.—
$2,000,000 capital stock.
DnnTn & Iron Range Railroad.—$764,000 additional first mortgage five per cent coupon and registered convertible bonds, making the
still
amount listed $4,264,000.
Denver Texas & Fort Worth Railro*d.— $18,000,000 Mercantile
Trust Company's voting trustee's certificates, representing the outstand-
spirit, it
total
ing capital block.
IlACKENSACK WATER COMPANY (reorganized).— $1,090,000 first mortgage five per cent gold bonds, $375,000 common stock and $375,100
prefi
ned
stock.
The speculation in Rio options has lacked
being proposed to interfere with dealings by legislaTo-(?ay an early decline was followed by
tive enactment.
an advance, and the close was steady with sellers as follows
15250.
15-05c. September
1515o. May
January
15-100. October
15-30o.
15-05o. Juno
February
15150.
November
July
15-35o.
15-00o.
March
15-200.
15-050. August
^
April
—showing a decline for the week of 70 to 95 points.
Raw sugars have declined, but to-day are steadier, with fair
refining Cuba quoted at 4 13-16,g5Jgc., and Centrifugal ^%c.
for 98 deg. test. R fined sugars are also J^CiJ^c. lower. There
is nothing new to report in molasses, new crop New Orleans
continuing to sell at 35@45c., and foreign remaining nominal.
The offering of teas by auction on Wednesday was a pretty
full one, and went off at strong prices, especially country
gre?n8 and Formosa oolongs.
Kentucky tobacco has been quiet. The movement in seed
leaf tobacco ii» still moderate, aggregating only 1,020 cases for
the week, as follows: 120 cases 1887 crop, Pennsylvania Havana, 15(a26J^c.; 300 cases 1887 crop, Penns^ylvania seed,
9i^@12c.; 100 cases 1886 crop, Pennsylvania seed, 8@13i;.; 100
cases 1886 crop, Dutch, 9J^@l]c.; 200 cases 1887 crop,
Wisconsin Havana, 9>^@llc.; 50 cases 1886 crop, New
England, p. t., and 150 cases sundrits, 5i^(g82J^c.; also
350 bales Havana at 66c.@$110and 200 bales Sumatra at
last selling at 21c.
I
mortgage five per cent
gold bonds ind $5,600,000 preferred stock. The trust receipts for the
$3,7CO,000 Central Iowa first mortgage sevens of 1899, $622,000 Eastern division first 81X1 s, J612,000 lilinois division first sixes and ,$3,85'.!
000 consolidated (told bouds were ordered stricken from the list. The
Comnjjttee on Stock Listwasauihorizedto add, when issued, $8,600,000
common stock and to strike from the lists the Centr.tl Iowa common
first preferred, second preferred stock and coupon debenture certififirst
cates.
Montana Central Railway.— $2,000,000
additional
first
six per c< nt gold ci upon and registered convertible bonds,
total amount listed $4,500,000.
mortgage
making the
Northern Pacific Montana Railroad.— $160,000 additional first
mortgage six per cent gold b.udg, making the total amount Uated
.fe
$3,131,000.
St. Louis Arkansas a Texas Railwat.-$4S7,000 additional first
mortgage gold certificates, making the total amount listed $16,409,000.
Western Union Tei eoraph Company.- $264,000 additional colliitcral :ruRt five per cent currency bonds, making the totiil amount listed
$5,26J,000. The balance of these bonds, uji to $7,500,000, was ordered to be added to the lists from time to time when issued.
Western New York .t Pennsylvania Railroad.- $200 000 addi
tional first mortgage five per cent gold bonds, making the total
amount
listed $8,400,000.
Pallroad Bridges Not Road-bed.—A decision important
toiailroad companies has been handed down by the Nebraska
State Supreme Crurt in what is known as the Platttmouth
Bridge cas<». Csss CouDty has for years sought to tax N"-
braska half of the Burlington bridge over the Missouri Riverbut the company has insisted that the bridge was part of thw
load-bed, and that it should be assefsed by theSate Board of
Railway Afsessors. The suit grows out of this difftrence and
the Supreme Court holds that the bridge was no part of the
road-bed, and was therefore subject to assessment and taxation by local officers.
—
I
I,
Iowa Central R.ulway.— $5,900,000
|
|
$120(»|2
.
I
I
15.
the Metal Exchange straits tin has been variable and
unsettled, making: a slight decline to-day, selling at 21 '700. on
the spot and 21-9oc. for March. Ingot copper is higlwr, btit
Lead is
closes quiet and easier, Lake being quoted at 17-40c.
dull at 13'85c. for domestic and spelter nominal at 5c. The
interior iron maikets continue very dull, and prices are weak
On
and unsettled.
Refined prtroieum in bbls. for export is quoted at 7c.
Spirits turpentine advanced, but closts dull and weak at 46J;^
(S40i^c.
Rosins have been more active, and close firm at
$1 02>^@.$1 07<M^ for common to good strained. Hops and
wool are steady but quite dull.
.
.
January
THE OHRONICLE.
13, 1889.]
COTTON.
Feiday, p. M.. Jan. II. 1889.
as indicated by our telegrams
from tlio South to-niglit, ia given below. For the week ending
this evening the total receipts have reached 159, llO bales,
against 002,934 biiles last week, and 240,043 bales the previous
week; making the total receipts since the Ist of Sept., 1888,
The Movement of the Crop,
3,992,014 bales, against 4,290,599 bales for the same period of
1887-8, showing a deorease since Sept. 1, 1888, of 298.585 bales.
Seceipt*
at—
QaWeston
EIPaso.Ao
Man.
Sat.
Tuet.
3,311
6,232
2,901
Wed.
Thurt.
1,922
2,508
..
Hew Orleans...
HobUe
8,943 13,571 14,544 11,551
937
1,468
1,907 1,232
2,557
1,604
1,363
424
Fri.
Total.
2,624
1,728
7,923
1,297
19,548
1,723
58,989
7,325
132
12,785
6,663
6,629
781
2,807
132
Florida
Bavaimah
2,764
2,494
1,943
2,617
6,663
Bransw'k,&o.
Cbarleston
Port Royal.&o
Wilmington
928
781
683
300
1,054
1,523
1,050
1,314
760
278
323
862
328
333
1,103
2,786
3,193
2,164
1,518
1,913
1,070
1,336
2,977
1,182
Wa8li'gton,ifco
Norfolk
West Point...
300
1,561
11,452
10,258
2,578
5,072
4,057
4,341
3,674
857
2,578
N'wp't N., Ao.
Hew York
1,697
880
679
755
782
1,273
1,053
241
Boston
467
604
698
4,341
Baltimore
PbiladelpUla.Ao
54
195
1,219
227
1,326
653
Totals Uila week 23,019 35,332 28,165' 23,523 12,916' 36,264 159,119
For comparison we give the folio wing table showing the week's
total receipts, the total since September 1, 1888, and the stock
to-night, comoared with last year.
1888-89.
Seetipttto
TM$
Jati. 11.
Week.
Balveston
£lPago,&o.
New Orleans
Mobile
.
Florida
Bavannah
..
Brans., &a.
CSiarleston .
P.Boyal, Ad
Wilmington
1,
132
4,431
12.785
6,663
6,629
663,145
75,030
303,729
11,221
134,584
3,233
377,135
288,522
56,053
46,918
36,246
35,178
27,106
781
300
11,452
West Point. 10,258
NwptN.,&o 2,578
New York...
Boston
Baltimore
..
PWl'del'a,
<fec
Totals
1888.
5,072
4,057
4,341
3,674
StOCK.
Since Sep1,
12,987
19,518 528,321
1,728
6,074
58,989 1,232,243
7,325 162,840
2,807
Wash't'n.&c
Norfolk...
1887-88.
Thi»
Week.
Since Sep.
1889.
579,638
70.463
64,314
58,951 1,307,902
7,328
172,872
217
21,152
15,613 749,703
150
46,629
6,538 346,327
138
10,877
2,326 154,539
346
4.308
13,583 387,096
10,227 316,540
5,147
78,824
5,412
33,877
3,244
49,514
2,679
13,297
f05
17,504
373,232
39,811
422,171
44,764
91,219
109,566
39,350
568
9,601
53,906
221
14,054
159,119 3,992,014 145,741 4,290.599
at—
Balveston
31,749
63,565
3,613
199,130
12,000
21,375
14,380
8,168
215,354
21,000
19,515
10,014
906.52l'l,047,lt5
1888.
1887.
1886.
1885.
12,987
58,951
7,228
15,613
6,726
2,672
13.583
15,374
12,607
13,484
66,147
6.762
13,781
6,385
2,622
6,790
3,165
23,279
10,753
44,959
11,371
8,762
4,353
12,404
13,687
6,221
2,268
13,594
4,871
15.931
week 15p,119
145,741
142,915
108,488
130.951
MobUe
Savannah
...
Cliarlest'n,&c
WUm'gfn,&c
Norfolk
Wt Point, Ac
All others....
Since Sept.
1.
On SMpboard,
we
Wew Orleans.
HobUe
1,302
8,757
5,768
Exportt
Oreat
from—
New
...
8,3<i
Orleans.
26,350
From
nent.
Week.
15.888
7,491
50,843
1,160
Barannab ....
Brunswick ...
13.1T5
S.80S
13,1 re
Charleston ...
Wllmlnjiton .
Norfolk
10.018
10,012
We«t Point,..
Nwpt Nwa, 4c.
New
York..
Boston
Baltimore
l.l&O
1S.S16
,
8.717
.
4.P18
Phlladelp'a'&c
e,60«
6.141
165,080 19.561
373,121 173,106
87,801
82,t88 11.642
15,600
9,362
47,372 20,673
71,302
181.637
100.750
33.063
B.803
14,659
22.VS4
828,818
103.723
8399
a,OM
S9.3I9
808
20,504
e8.M5 19,840 60,722 142.407
to<.4a2
14,502
66,545
22,59.'5
60,637
65,337
Other pons..
10,088
8,000
6,800
12,000
New York
Total 1869...
Total 1888.
Total 1887.
The speculation
850
35,892
8,000
11,200
14,600
27,353
17,000
22,250
17,000
821,097
31,841
28,150
76,819
43,110
14.749
176,880
44,537
22,532
168,938
737,583
20,229
21.129
209,382
220,084
837,563
789,977
51,53.';
in cotton for future delivery at this
market
opened on Saturday last with an unsettled feeling, the advance
being checked, and on Monday there was a considerable decline
under sales to realize, the bears also putting out fresh lines of
" shorts." Tuesday was dull, neither party having the courage
to act with any degree of spirit. But on Wednesday a sharp advance at Liverporl, and stronger and active markets at Manchester, again brought in a demand to cover contracts, and no
little speculation for the rise. The movement of the crop, though
fair, showe J a considerable redaction in port receipts from the
previous week, and this fact; was an element of strength.
Widely- varying crop estimates are still current. Oa Thursday
an early decline, the effect of increased receipts at Bombay,
was quickly recovered on the small port receipts. But at a
slight advance the bears became free Eellers in anticipation of
a fuller crop movement, which was to gome extent foreshadowed by the receipts at interior towns especially St.
Louis and Cincinnati. To- day an early advance, on a much
stronger report from Liverpool, was followed by a df dine of
6 @ 9 points, under sales to realiz ), prompted in part by the
expectation that better weather will lead to a fuller crop
movement. Cotton on the spot quiet and unchanged. A
large business for speculation was done late oa Friday and
reported on Saturday. Stocks of good grades showed some
depletion through the large exports that have been in proYesterdiy the demand for home consumption was
gress,
more active, and eood ordinary and strict good ordinary advanced 1-lGc. To day an advance of l-16c. was quoted, middlingu plands closing at 9;3C.
for forward delivery for the week are 543,100
For immediate delivery the total sales foot up this week
for export, 3,451 for consumption,
5,601 bales, including
in transit. Of the above
bales
2,150 for speculation and
were to arrive. The following are the official quotations for
each day of the past week Jan. 5 to Jan. 11,
The total sales
——
—
—
UPLANDS.
Ordinary
strict Ordinary
Sood Ordinary
3trlot Good Ordinary
Low Middling
Strict Low Middling
Middling Fair
Pair
110,467
Sat.
yib.
I
Z^8
8>4
l>
8^4
8a»
8%
6%
7^4
86,g
8 '4
814
834
8%
85j
^> l>
I
Sat.
I
84"
84"
9
9
Middling Fair
Fair
STAINED.
615,6
6
'Ms
71,8
8>3
ZIl«
81a
9
9
8H1
9
9»,8
913,8
5,6
6"I6 7
7's
99,8
913,8
101,8 101,,
1038 1038
lOOs 10 »8
S»,«
9»9
9»,a
913,41 913,8
- 978
101,8 101,8 lOie
1038 !107,8 10>a
10=8 11011,810%
11
11=9
11
It's
11
Sat.
Itlon
Tnes'lVed Th. FrI.
6=9
6=8
7=18
838
9I4
99,6
9li,8
101,8
103g
lOOg
11
1108
MlddUng
GoodMlddllnK
Starlet Good Middling
ItfonTaesiWed! Tb. FrI.
616,8
fl lb,
Low MlddUnK
Strict
IftU
Tit.
6U,8 6U,8
938
95,8
9»8
99,6
99,8
98,6
9»i«
99is
913,8 913,8 914,6 913,8 913,8 9^8
lOig
1018
lOie
lOifi
103,8 10 14
1038
103g 1038 107,8 1012
1033
10^ 10% 10^ 10^ 10i»,e
105l
11^8
1138
1138 11% 1138 "'le
GULF.
Ordinary
Strict Ordinary
Good Ordinary
Btrlot Good Ordinary
Liw Middling
men raesWedi
6Hie Si'16
11
11=8
:ili,«
ll"l8
!ll°8
:
!,810
Below are
Good Ordinary
Good Ordinary
Low MlddUng
fl lb.
Strict
1888.
Sept. 1. 1888, to
Britain. Franc*
1,150
1,491
1,
Oreat
Mobile
7,950
65,359
106.071
97,726
.
..
Salveston..
Norfolk
Stock.
Total.
veUe.
Zoi«
838
Middling
Jun.
6=8
75,8
838
9>4
6=8
738
6'5s
75,s
83b
914
9^18
ITi»
813
938
Exported to—
ContU Total
BHfn.
GalTeBton
and since September
II,
4.446
None.
1,500
5.100
7,486
4,000
None.
None.
12,110
37,792
5,609
12,612
9.408
1,977
12,747
2,427
15,786
9,851
,
Week EndiriQ Jan.
ExporUd to—
None.
14,481
None.
9,700
9,500
8,201
5,000
14,600
5,000
..
aood Middling
Strict Good Middling
56,666
7,862
^Continent.
i-.-
12,137
None.
None.
None.
1,515
None.
20.471
8.000
None.
None.
Charleatou
total
,
Ooaitr
1884.
.3992,014 4290,599 4057.757 S86S,132 3956,461
3757,674
*!,«
_* c
^uthe
exports
for the week,
Other
Franu. Foreign
Oreat
Britain.
Savannah
not elcared^for
Leaving
/on. 11,
ftllddllng
21,270
58,989
7,325
12,785
7,410
3,107
11,452
12,836
23,939
New Orleans.
Tot. this
1889.
We
bales.
In order that comparison may be made with other years,
give below the totals at leading ports for six seasons.
Seeeiple
In addition to above exports, our telegrams to-nlghtal.so give
08 the following amounts of cotton on shipboard, not cleared,
add similar figures for New York,
»t the ports named.
which are prepared for oxix special use by Messrs. Carey, Yale
% Lambert, 24 Beavor Street.
—
1888.
1887.
;7i
in.zai i2Kf7fi
MABKET AND SALES.
ContU
nent.
47.317
246,915
152,297
21.S80
93.567
22,665
26,876
8,958
148,220
1,266
26,500
7,395
ntai.
231,008
702.143
27.801
246,261
42,332
166.012
93.907
208,513
104,708
33.062
508.718
104.991
86.419
27,899
The total sales and future deliveries each day during the
veek are indicated in the following statement. For the odnrenience of the reader we also add a column which showa at a
glance how the market closed on same days.
BALES OF SPOT AWD TRAM8IS.
SPOT MARKBT
OIX>S!i:D.
8at..,Flrm
Mon. Steady
Tuea.jQuict
Wed Quiet and steady
Thur. iHtc;idy arev.qiio.
Frl..>Steadyai,8adv.
1
«47 I-l 2'SW.l
port.
.
Total
1.610.161 2P,2,5\t
Ex-
1
'.'.'.'.
....
Con-
|
Spec- Tran-
rump. uh'n\
943
654 2,150
437
176
954
387
3,451 2,150
tit.
Total.
\
rlrrCRB*.
sola.
9431 71,200l
•"
g^»
....
2,704110.000
437! 31,900
176 123.:>0o
954 96.600
.._
387;110,100|
..^
5,601 543,100!
....
....
....
....
802,358
Msooaa.':
dally deliveries given above are aotnally deDvered the day
prevloiu to that on vUon they are reported .j
The
;:
;
THE CHRONICLE.
^72
followThi Sales aud Prices of Futuees are shown by the
ing c mprehensive table :
ml mi
23gi
silt d^f^ iSes
sS-S-ss 2S-S3 2SaO
go»a Sose- §8»a
Vol,
XLVIU.
The Visible Supply of Cotton to-night, as made up by cable
is as follows.
The Continental stocks, as well as
those for Great Britain and the afloat are this week's returns
and consequently all the European figures are brought down
But to make the totals the complete
to Thursday evening.
figures for to-night (Jan. 11), we add the item of exports from
the United States, including in it the exports of Friday only,
and telegraph,
1889.
bales
710,000
4,000
1888.
62^,000
32,000
766,000
11,000
579,000
18,000
Total Great Britain stock.
8 ook at Hamburg ...
Stock at Bremen
Stock at Amaterdam
Stock at Rotterdam
Stock at Antwerp....
714,000
2,400
12,200
20,000
661,000
5,400
29,400
23,000
777,000
3,100
17,200
20,000
597,000
4,200
33,400
32,000
8 »ok at Liverpool
8 '.ook at London
1887.
1886.
300
400
300
900
300
400
122,000
2,000
22,000
3.000
4,000
180,000
2,000
45,000
3.000
6,000
1,500
171,000
2,000
53,000
5,000
10,000
3,700
143,000
4,000
42,000
9,000
3,000
Total Continental stocks
188,300
295,000
283,100
274,700
Total European stocks....
India cotton afloat for Europe.
Amer. cott'n afloat for Eur'pe.
Bgypt,Brai!ll,&e. ,aflt torB'r'pe
Stock in United States ports..
Btock in U. 8. Interior towns..
Onlted States exports to-day.
902,300 9^6,000 1,060,100 871,700
02,000
59.000
84.000
78,000
537,000 561,000 659.000 511,000
65,000
56,000
52,000
52,000
906,521 1,047,145 1,010,061 1,106,586
406,497 399,845 344,343 473,995
45,148
11,314
19,790
14,535
Havre
S~.ock at
8 ;ook at Marseilles
S:ook at Barcelona
BMokat Genoa
....^
S-ookat Trieste
2,914,466 3,090,304 3,229,294 3,107,816
Total visible supply
Of the above, the totala of kmerioanandotherdescriptlonsareasfollows:
ATnetican—
bales 590,000 447,000 678,000 440,000
Liverpool stock
Continental stocks
140,000 157,000 186,000 222,000
537,000 561,000 659,000 511,000
A-nerican afloat for Europe..
906,521 1,047,145 1,010,061 1,106,586
UoltedStates stock
U dited States interior stocks. 406.497 399,815 344,343 473,995
45,148
11,314
19,790
14,535
Ualted States exports to-day.
Total American
Bast Indian, Brazil, <te.—
Liverpool stock
London stock.
OoDtlnpntal stocks
[ilia afloat for Europe
Eg n>t> Brazil,
2,625,166 2,623,304 2,797,194 2,763,116
&c., afloat
Total East India,
Total Amerloan
Ac
120,000
4,000
48,300
62,000
55,000
182,000
32,000
138,000
59,000
56,000
188,000
11,000
97,100
84,000
52,000
139,000
18,000
52,700
78,000
52,000
289.300
467,000
432,100
339,700
2,625,166 2,623,304 2,797,194 2,768,116
2,914,466 3,090,304 3,229,294 3,107,816
Total visible supply
5i4d.
S^ad.
S^sd.
PfioeMld. Dpi., Liverpool....
5>i«d.
B'ne.
9B,eO.
g^eo.
Price Mid. Upl., New York...
107,eC.
The imports into Continental ports this week have been
130,000 bales.
The above figures indicate a decrease in the cotton in sight
to-night of 175, 83S bales as compared with the same date of
1888, a decrease of 314,823 bales as compared with the corresponding date of 1887 and a decrease of 198,351 bales as
compared with 1886.
At the Interior Towns the movement—that
is the receipts
the shipments for the week,
and the stocks to-night, and the same items for the correspanding period of 1887-88 is set out in detail in the following Btatempnt.
and since
for the week,
Sept.
1,
—
SO
©
O
ggW3.a"t3-S
o
:
S
eT"^
a> OB
9>
1
CO
B-.*f:
H CO CO
u-
W
S—l*- r-f.
Mw
if^
CO
a y« o
gd
-4 m -q ** o
O -^ OL QD C O O to #• CO r- OS O O* 00
1^ *» CO
»t^
OS C;> CD CO
cjt
--3
it*
a*
to
WW
»0
H
Orf^CDCOKJtf^W
C;''-JO'C;CO yirf*.
rfi. 0« CO <X to
CO
fc to
(f- CO Oi (->
M
o
I
I
I
5.
U.W0'-C0*»-03O'
^»-<(-'rf*-OiM60MOSOS
H'pQ0CW0DMJOOtpJf*P|0W5;'^-0D^0(O
'I-'ciCob'"co ai<iT:iw'i.<i — o'wcoc-'w'^o
w to to
tf*
o; 00
o CD y« w
>-»
ti
:;>
- io o -J
rf*
<-*
cooi-'i-'cowcoai-gtoOit»-coawtotf»>QDoi
aoi** totoVuo **toaibib»'j-<j'j
iF».«jcDtoyiooo»p.»^.wcDi:;iKit-'*»airf^--]as
i-j-jQDCocioitoooaiOi-^OiOOcr'tcto
T-co
MCO
toco
to *o to
O <i
c;i
M -I p^
rfi'
CD Ci •
Wi.
'InelndM sales In September, 1888, for September, 165,300; Sep•mberOewber, for October, 394,100; Saptember-November, for November, 585,500; September December, for December, 980,400.
We have Included In the above table, and shall continue each
eek to give, the average price of futures each day for each month. It
win be found under each day following the abbreviation " Aver." The
average for each month for tho week is also given at bottom of table.
Traiuferable Orders— Saturday, 9-65c.; Monday, 9-55o.; Ineiiday,
9'66o.; Wednesday, 9-65C.; Thursday, 9 70c.: Friday, 9 -65 o.
tf^MOrf'^cococeoi^co;
•g
toj 00
to eich. 200 Feb. for May.
to eich. 600 Feb. for Mch.
to eich. 300 July for Aug.
to exoh. 200 Jan. for May.
to exoh. 100 Mch. for May
•13
•13
•59
•12
•58
pd. to exch. 200 Feb. for Meh.
pd. to exch. 1,800 Feb. for Mch.
pd. to exch. 1,000 Feb. for Aus.
pd. to exch. 800 Mch. for ApriL
pd. to exch, 800 Fob for Aug,
M
rf^
tf^
(t*-
'to
#k*
tOOCDOOOO
00
f»
tOMODJ'ODOKltOODCOOirf^l-'COM-JO'MX;
toco:oaooso>ODOc;)cD-'ixiU>t<:-ococoaLO
n
to
wp
MCJipS
wyitJiO'Viw
-M
«
H-Vj'cociccb'oos
5OXOO0>ClD<lt3»f»Oy"^'^C5Xi
- c»; 10 O I- o C: c:i O-Wta to cD to 9: co
00
•^ts
oi
to
00 en
;
_
rf»lci-McooiOD
ci^ooostxocix
ODOsau* OtODC;tco)f^O>
co(]DO)CDa»toco;;<
OW'*'
cooc;^cnoce*
M
Oim-qyiar-tcoifk t- j^ tOjO a^J* 0: 9^^i^
'#'rf*oo'cDV'biOobibDxa'^cc^o'a»oo>
CO to*-
MO H" JO to
"Iq Oi'cD
cooiOcoaoooa
OOC5ClC0h-Oc0rf>'0;Wt0tf»-l0l-'C0(**-C0i^
-M
o'
<i'^Ciccij'Qai<i
COM
w
mVwQoas-i'^
Olio
c "oii-ixViP-cstocp©
>!-
The following exchanges have been made during the week:
pd.
pd.
pd.
pd.
pd.
CO
^ K. Ci Oi 00
O CO CO (C
O
^ O CO
Cc yi
»|
h-tO
'^oo'cccc^ico
o:iooii^MC;<xmcoto*l'OCC<J-j(^U'Oiw
to**-
^"
•34
•18
•07
•44
•22
aO&M(U.
QDh-COHOO
((^H't-'
xcoocDif>-^toooic»>
OM
!-*•
MM
to
W*».K>OlWCnOD; l^'^P^S^Z''^^^
ToH'corf*>to'iiF»'Oaci"iv'Jo:
*Tlie Orurea for IjealSTllleitn
flgureji estimated.
ifr.
^
to to OS
*)
4*^
oa^'
« at
to 00
bom
yearsEftre **net."
r
Tills year's
-
.
January
THE CHRONICLK
13, 1880.)
The above totalB show that the old Interior stocks have
dec -ooned during the week 8,767 Iwiles and are to-ni^ht 6,652
receipts at
bates more than at the same period last year. The
the same towns have been 22,215 bales more than the same
week last j'ear, and since September 1 the receipts at all the
towns are 196,547 bales less than for the same time in 1887-88.
(JnOTATIONS FOR MIDDLING COTTON AT OTHER MARKETS.
In the table below we give the closing quotations of middling
cotton at Southern and other principal cotton markets for each
day of the past week:
Week ending
Jan. 11.
OLOSINO QUOTATIONS FOR MIDDLDIO OOTTOH
Mon.
Satur.
Galveston...
New Orleans
Mobile
Charleston.
WUminKton.
Hemphls....
Bt. Louis
Wednet.
9»8
9'a
938
9B8
9^9
9^8
918
9>^
938
9
9
9>9
9's
938
938
"V^"
938
908
9'«
938
9'l6
9>a
938
91a
g's®!©
g'e^io
O'aa-io
9H
938
Norfolk .. ..
9''8»10
Boston
U\
Baltimore...
FbUailelpbla 10
AagU8t«
Tuet.
9H
10
Cincinnati..
Iioolsvllle...
9"8
9H
9^
93g
9»8
2>
938
Ri''«
S^i"
il'O
S!'«
O"*
938
9>«
s^»
ss
938
^.^^
9'8®10
9%
9!|i
10
10
938
m.
§i'"
978® 10
9%
9%
10
9>4
9iie
9's
914
9'ia
9>9
9>4
91l8
9H
9\
9
Thur$.
OB—
10
9»8
9««
938
9>«
8%
9^
9^
St'«
9%
9»8
9»8
9»8
^>
9's
—
The following table
Receipts from the Plantations.
movement each week from the plantado not include overland receipts nor
Southern consumption they are simply a statement of the
weekly movement from the plantations of that part of the crop
which finally reaches the market through the outports.
Indicates the actual
tions.
The figures
;
SecHpU
Week
at the Portt. St'k at Interior Towm. Rec'pts
from Plant'nt
188e-7. 1887-8. 1888-9. 1886-7. 1887-«. 1888-9. 1886-7. 1887-8. 188S-9.
1
1
Oeo. 7
"
14
••
21
"
28
Jan. 4
•"
11
1
1
287.886 249.019 243.080 402.085 463,323 343.011 239,139 263,140
260,669 !13.»02 267.840'410.963'497,3e9|383,817, 889.527 247,949
'263,045 202,859 254.913 433,53»'50.).67S427,347j306,fl26|209,l»8
896,618 :8->,824 210.013 443,585 4?3,883 460.024 246,049179,029
159,044 159,S08'802.924 423,2.V3'401,80t 448.660!l38,7Sl|l27,229
'l42,»I5 145,74l'l59,119 8S9,745'437,202 436,568 109,408'l21,139
1
377,989
308,848
898,443
272,719
191,560
148.027
The above statement shows— 1. That the
total receipts from
the plantations since September 1, 1888, are 4,412,207 bales;
In 1887-S8 were 4,703,971 bales; in 1886-87 were 4,399,442 bales.
2.
That, although the receipts at the outports the past week
were 159,119 bales, the actual movement from plantations was
only 146,027 bales, the balance being taken from the stocks at
the interior towns. Last year the receipts from the plantations
for the same week were 121,139 bales and for 1887 they were
109,408 bales.
—
Amount of Cotton in Sight Jan. 11. —In the table below
we give the receipts from plantations in another form, and add
them the net overland movement to Jaa. 1, and also the
takings by Southern spinners to the same date, so as to give
substantially the amount of cotton now in sight.
to
1888-89.
1887-88.
1886-87.
1885-86
Receipts atthe ports to Jan. 11 ;<,992,014 4,290,599 4,057,757 3,868,132
tnterfor stocks on Jan. 11 In
excess of September 1...
420.193 413,372 341,685 498,143
from plantat'ns 4,412,207 4,703,971 4,399,442 4,366,275
to Jan. 1
5«3,833 710,712 513,742 ry25,092
Boatliern oousuuipt'n to Jan. 1
225,000 205,000 150,000; 131,000
Tot. receipts
Net overland
Total In
Korthem
Jan. 11
slglit
Jan. 11
73
The thermometer has averaged
dredths.
—
42,
highest 53, lowest 31.
—
Rock, Arkansas. The weather has been generally
during ths week. Rain has fallen on one day to
the extent of one inch and fifty-eight hundredths. The thermometer has ranged from 26 to 61, averaging 42.
Helena, Arkansas.— It has rained on one day of the week,
the rainfall reaching ninety-five hundredths of an inch. Cotton is coming in slowly. Average thermometer 42, highest
Liltle
fair to clear
62,
lowest 26,
Memphis, I'ennessee.—We have had rain on two days of
the wef k, the rainfall reaching eighty-eight hundredths of an
inch. The thermometer has averaged 42, the highest being 60
and the lowest 30.
—
Nashville, Tennessee. Telegram not received.
Mobile, Alabama. We have had rain on four days of the
week, the rainfall reaching one inch and thirty-one hundredths. The thermometer has ranged from 35 to 62, aver-
—
ai;ing 46.
—
Montgomery, Alabama. The weather has been cool and
pleasant the last few days, but previous to that rain fell on
four days to the extent of two inches and seventy-one hundredths. Average thermometer 40, highest 61, lowest 32.
Selma, Alabama. Rain has fallen on two days of the
week, to the extent of one inch and forty-five hundredths.
The thermometer has averaged 44, the highest being 65 and
the lowest 30.
Auburn, Alabama. The week's precipitation has been
ninety-seven hundredths of an inch. The thermometer has
averaged 46'8, the highest being 58 and the lowest 80'6.
Madison, Florida. Telegram not received.
have had rain on three days of
Columbus, Georgia.
the week, to the extent of four inches and eight hundredths.
Average thermometer 40, highest 48, lowest 32.
have had rain on three days and
Savannah, Georgia.
the remainder of the week has been pleasant, the rainfall
reaching fifty-eight hundredths of an inch. The thermometer
has averaged 50, the highest being 67 and the lowest 38.
Augusta, Georgia. During the early part of the week we
had light rain on three days, since which time clear weather
has prevailed. The rainfall reached one inch and forty-four
—
—
—
—We
—We
—
hundredths.
from 33
The thermometer has averaged
to 66.
Charleston, South Carolina,
he seen by the alMve that the decrease in amount in sight tonlKht, as compared with last year. Is 418,643 bales, the Increase as
compared with 1886-7 is 137,856 bales, and the Increase over 1885-6
Is 178.673 bales.
46,
ranging
— It has rained on three days
of the week, the rainfall reaching one inch
and twenty-one
hundredths. The thermometer has averaged 49, the highest
being 65 and the lowest 38.
Stateburg, South Carolina. We have had rain on three
days of the week, the rainfall reaching one inch and twentysix hundredths. The thermometer has averaged 48'3, ranging
—
from 25
to 62-6.
—
Wilson, North Carolina. It has rained on two days of the
week, the rainfall reaching one inch and ninety hundredths.
Average thermometer 47, highest 64, lowest 28.
The following statement we have also received by telegraph
showing the height of the rivers at the points named at 8
c'clook Jan. 10, 1889, and Jan. 12, 1888.
5,201,040 5,619,683 5,063,184 5,022,367
It will
ranging from 24
Leland, Mississippi,— TfAintaXl for the week, eighty-one
hundredths of an inch. The thermometer has ranged from
24 to 66, averaging 461.
t/reenviUe, Mississippi. The week's precipitation haa
been seventy hundredths of an inch. Average thermometer
Jan. 10,
spinners' taktngs to
1,119,537 1,261,007 1,033,106 1,089,322
39,
to 60.
Feet.
VewOrlean*
Hempbls
Above low-water mark.
Above low- water mark.
Above low-water mark.
Above low-water mark.
Above low- water mark
HaahviUe
Bhreveport
Tlctabnrg
7
12
23
18
'89. 'Jan. 12, '88.
Jn«A.
H
6
9
17
Feet
2
13
14
17
6
1
O
»
8
7
Jute Butts, Bagging; &c.— The market for bagging has
telegraphic adBuyers
vices from the South to- night appear to indicate that the mar- shown some irregularity, and the demand is light.
are holding oflF, as lower prices are looked for, and the market
keting of cotton has made fair progress, hindered to an extent,
closes quiet and weak.
For jute butts a small trade is
however, in eome localities by continued rain,
reported, with a few inquiries for lots to arrive. Paper
Oalveston, Texas.— We have had rain on two days of the grades are held at 2 l-16®2i^c. and bagging qualities at 2J^@
week, the rainfall reaching one inch and two hundredths. ^%c., with sales at the lower figure.
India Cotton Movement from all Ports.—The receipts
The thermometer has averaged 51, the highest jbeing 61 and
and shipments of cotton at Bombay have been as follows for
the lowest 40.
the weeK and year, bringing the figures down to Jan. 10.
Palestine, Texas.— It has rained lightly on two days of the
BOMBAT BBOBIPTa AHD SmPHBim FOR FOOB TBAS8.
week, the rainfall
Weather Reports by Telegraph. —Our
reaching twenty-one hundredths of an inch.
The thermometer has averaged 42, ranging from 30 to 54,
Ban Antonio, Texo*.—Rain has fallen on two days of the
week, to the extent of fifty-five hundredths of an inch. The
thermometer has ranged from 80 to 54, averaging 42.
New Orleans, Louisiana. It has rained on three days of
the week, the rainfall reaching one inch and seven hundredths. Average thermometer, 68.
—
Bhreveport, £ot«i«iana.— Rainfall for the week, seventyone hundredths of an inch. The thermometer has averaged
46, the bigheat being 62 and the lowest 81.
Columbia, Mississippi.—Ihete has been rain on two days
of the week, to the extent of one inch and forty-nine hun-
\8hijmtenlt Ihi* week.
OontiiBrit'n. nent.
1889
1888
1887
18H8
BhipmentM Since Jan.
Great
Total. Britain
Tear] Great
24.000 24,000
30,000 33,0i
2,000 19,000 21. 00 '>
H.IKX) 1.000 7.000
3,00(1
1
Oontinent.
27.000
35.000
34,000
8.0001 16.000
6.000
6.000
1.
Total.
Seeeiptt.
l%i»
Week.
27,000 46.000
41.000 21,000
40,000 4-2,000
24.000 (2.1 OOI
Since
Jan, 1.
62.00/1
41.005
83,001
G2.00"
According tc the foregoing, Bombay appears to show an
increase compared with last year in the week's receipts of
25,000 bales, and a decrease in shipments of 9,000 bales, and
the shipments since Jan. 1 show a decrease of 14,000 bales.
The movement at Calcutta, Madras and other India ports for
the last reported week and since the Ist of January, for two
years, has been as follows.
"Other ports" cover Ceylon,
Tuticorin, Kurraohee and Cooonada,
:
5
:
.
THE CHKONICLE.
74
Sliipmenta since
Shijments for the week.
Great
Conti-
Britain.
nent
Calontta—
1889
1888
Total.
1,000
1,000
1,000
Great
Britain.
__
>>
1,000
1,000
1889
1888
1,000
AUotliers—
1889
1888
—
1.
^oicU.
2,000
2,000
1,000
Manchester Market. Our report received by cable to-nigbt
from Manchester states that the market is strong for both
yarns and sheetings, and that the demand in each case
is improving.
We give the prices for to-day below, and
leave those for previous weeks of this and last year for
comparison
:
......
1888-89.
1,000
1,000
1,000
2,0C0
i,roo
3,000
1,000
1,000
3,000
1,000
4,000
1,000
3,000
2,000
2,000
3,000
5,000
1.000
4,000
2.000
3,000
3.000
7,000
1887-83.
1889
1888
ThU
from—
week.
Bombay
iOloUier ports.
Total
Thit
week.
Since
Jan. 1.
1887.
Thit
week.
Since
Jan. 1.
SHiPPiNa News.
Since
Jan.
1,
24,000
3,000
27,000
3,000
33,000
5,000
41,000
7,000
21,000
5,400
40,000
7,500
27,000
30,000
38,000|
48,000
26,400
47,500
—
Alexandria Receipts and Shipments. Through arrangements we have made with Messrs. Davies, Benachi & Co., of
Liverpool and Alexandria, we now receive a weekly cable of
the movements of cotton at Alexandria, Egypt. The following are the receipts and shipments for the past week and for
the corresponding week of the previous two years.
Alexandria, Egypt,
Jan. 9.
1888-89.
1887-88.
1886-87.
140,000
1.983,000
SS.OOO
2.377,000
140,000
2,337,000
Beoelpts (cantars*)—
week
Tills
Since Sept. 1
This
Since
week. Sept. 1.
Brports (bales)—
To
Total Europe
A oantar
Is
This
week.
Since
Sept
1.
7.000 112,000 9,000 176,000 12,000 1 7A. noo
7,000 70,000 12,000 90,000 ii.oooj soiooo
Llveri)Ool ........
To Continent
*
Thit
Since
week. Sept. 1.
14,000 218,000 21,000 272,000 23 .000 254,000
i
98 pounds.
This statement shows that the receipts for the week ending
Jan. 9 were 14.0,000 cantars and the shipments to all Europe
14,000 bales.
Domestic Exports op Cotton Manufactures.—Through
the courtesy of Mr. W. F. Switzler, Chief of the Bureau of
Statistics, we have received this week a statement showing the
exports of domestic cotton manufactures for Novembfr, and
for the eleven months since January 1, 1888, with like figures
for the corresponding periods of the previous year, and give
them below
Great Britain and Ireland
Other countries in Europe
yarda
"
"
"
America
Mexico
Central American States and
British Honduras
Indies
"
"
"
"
West
Argentino Republic
Brazil
United States of Colombia...
Otherconntilesln S.America
China
Other countries in Asia and
Oceanlca
Africa
Otber countries
"
**
"
"
"
"
Total yards of aboTe...
Total values of above.
—
2,184.64:-1
il.i'i'i
—The
d.
d.
B.
7i3®7
7is®7
9
a>7
Central American States
Hondura?
West Indies
&
9»3,li)6
ll,6I4,3t6
IJ3
®838
®838
mail
435.8U0
6,816,048
'1.160,287
1,716,650
10.8«S,9-18
16.668..'532
432,812
691,587
465.371
2.818,<l»l
5.514.725
6,742,41.9
S.lba.i^Ol
28,331,21rt
1,832,800
8,«26
4,397,400
6.62 1,1:8,638,824
16.321,755
80,011,600
1,835,285
21,275
28.B29
96,612
2,90s,6f5
121,85
10,2«8.776
5,345,329
5.697,288
6.683,121
6.065,974
3,363,3t5
18.037,155 120.850,410
71,580.357
418,iJ53
*
3.01-7,587
fii,
155,459
*-0611
t
31,572
18,437.665 tll,127,603
t'oess
»-0649
i,ono
514
t
410.660
19,> 81
14.876
26.458
2?.34'
27.(i62
830.(183
21,780
16,634
164,26^
IB.ei5
IS.iU
2,7S0
11,S9B
5.450
9,363
25,131
60.474
88.847
76,743
84,610
267,237
10.617
42,620
541
891
Brltisb
United Sthtea of Colombia
Other countries In So. America..
Asia and Oceanlca
Africa
Other countries
Total value of other manufactures of
ARgresate value of all cotton goods
,
B.i'3a
6,580
88,399
7iV
362
133,46^
709.972
179
892
58,693,067
t
385.334
25,400
1,891
17,114
402,275
136,000
0.3,183
Vl,5!)»
99.440
63,7r5
202,060
2,005
66,460
140.217
1,616,781
1,586,517
1,895,6;6
10,054.888
12,714,020
East India Crop.— We have the following from the Bomcay Prices Currt-nt of Dec. 7
The Chambei's telegraphic weather and crop summary, issncd lost
a further fall of 3.5 hundredths ot an Inch of
rain at
Khangauni, and clmuVv weather there and generally over
wuttee circle; It added that the early arrivals of Baisee will the Oomrl
show
black
leaf, biitl hat only slight damage to ihe colfin was
cxpectedfrom ihe
late ram in the Kliangaum district. In the Dhollera
e.roletbe writhe?
was favorable. At Wadwau ihe jilants continued to (how improwment
and h^ fluwcrlDK was advanced there and in the
Veerm,,Kauii?^a?id
Dhollera proper districts while at Bhownuggur the plants
were flotr
ishiiig, ai,< icariy for picking in some places. The
dewlall was ins f
llcient at liroach, but tlie crop prospe, ts were gcjnerally
g?odrimd
mg had h(>gi.n
soiae ptirts. Arrivals were e.xpected
early The ic
port up to U-day's d;,te gives no fte-h news; but the
raiu had entttlw
censed lu all quarters, and the weather was gmciaily
^
seasoi'ablo
reporle-l
;
m
S'
r4-
returns, have reached
Total bales.
Liverpool, per steamers Adriatic, gin
AriBiela, 2,330
zona. 9t)0
Australia, 457
City of Berlin, 2,909. ...Lake Superior, 1,904. ...Laplace, 890. ...The
QtiecD, 2,452
Umbria, 783
13,570
To London, per steamer Greece, 1,740
1,746
New York—To
To Havre, per steamer LaBretagne, 1,494
To Bremen, per steamer Fulda, a50
To Hamburg, per steamers Rugia, 613
Sueria, 1,452
1,494
350
Taormina, 1,596
3,661
To Rotterdam, iier steamer Veendam,902
902
To Antwerp, per sten mer Rhy iiland, 881
881
To Genoa, per steamer Alexandria, 250
250
To Halifax, per steamer Portia, 100
lOO:
New Orleass—To Liverpool, per steamers Alava, 4,550
Jamaican, 4 372
Governor, 6.417
Montreal, 6,400
Spenser, 7,431
Statesman, 4,202
Yucatan, 5,365 38,737
To Havre, per steamer Olive Branch, 7, 045. ...per ship
Marie Louise. 3,175
10,220
To Bremen, per steamer Chelydra, 5,354
5,364
To Barcelona, per steamer Plo IX., 6,195
6,195
Mobile— To Liverpool, per steamer Victoria. 5,978
5,978
Savannah—To Dunkirk, per bark Moland, 1,525
1,525
To Bremen, per steamer Ned,ied, 7,794
7,794
To Barcelona, per steamer Napier, 4,035
4,035
To Genoa, per steamer Napier, 1,500
1,500
Charleston— To Reval, per steamer Sandrlnghara, 3,000
3,000'
Galveston- To Liverpool, per steamers Ashdell, 4,240
Tafna, 6.298
10,538
To Havre, per barks Espelaud, 1,330... HoltingeB, 1,300. .. 2,630
To Vera Cruz, per steamer Whitney, 1,156
1,166WILMINQTON-To Liverpool, per steamer Para, 4,900
4,906
To Reval, per steamer Duoedin, 3,840
3,840
West Point— to l/iverpool, per steamer Port Jackson, 8,361
8,361
Newport News— To Liverpool, per steamer Cambodia, 1,737. .. 1,737
Boston—To Liverpool, per steamers Bostoniau, 1,558
Catalonia, 993
Cophalonia, 70
Norseman, 2,588
Vene-
—
tian, 1,816
BALTIMORE— To
7,025-
Liverpool, per steamers Caspian, 1,154. ...St.
Dunstan, 1,525
PHILADELPHIA— To
2 ' 679'
Llverpoo!, per steamers British King, 638
....Lord Clive, 830
TO Antwerp, per steamer Switzerland, 327
„
1
46»
32T
151,95»'
The
particulars of these shipments, arranged in our usual
form, are as follows :
1887.
976,5211
4ll«,08«
SBO.ail
A.
exports of cotton from the Unitea
States the past week, as per latest
151,959 bales.
Jeelam,
Ant-
Bavre
7,880,051
.(,276,7 16
1,301,806
14,S90,614
652.86S
4..S04
France
Other countries in Europe
British North America
Mexico
1888.
7,660,465
294,593
75,113
1,488,752
17.416
Germany.
mo9. ending Nov. SO.
1,8(54.301
»-0751
Valius of other Manufacturer of
Cotton exported to
1
182,597
»57B^
Great Bntala and Ireland
1
81(1,833
7.fi78.2a2
.
Value peryard
Monday,
5
5
5
Total
Quantities nf Manufactures of Cot' Mo7itli ending N'ov. 30.
ton icolyred and uncoiored)
exported to—
1888.
1887,
Britisli Nortli
8.
Mid.
Uptdt
5 10i«®7 3
5 10iaa7 3
713l6®87,j 5 9 ®7 2
7^
7%
1888.
1889.
d.
7>a aSig
713 -aSJe
7'>8 'S8'4
BXFOSTS TO EUKOP3 FROM ALL INDIA.
Shipmentt
to alt Europe
8I4 lbs.
Shirtings,
32» Oop.
Twist
d.
aU-
Total
Continent
1,000
2,000
2,000
1,000
Madraa—
January
[Vol. XLVIIl.
Liverpool.
New York..
13,570
N. Orleans
3><,737
.
Mobile
Londnn.
1,746
kirk.
1,494
10,220
1,525
Charleston
Galveston.. 10,538
Wiliningl'u. 4,908
2,630
West Point.
8,:i61
N'wp't Nws
Boston
Baltimore..
1,737
7,025
2.679
1,468
Total
and
Vera
burg. Reval, Genoa.
4.011 1,783
250
5,354
Crvs.
94,990
7,794
Total.
100 22 954
60,506
5 978
6,195
5,978
Savannah
Phll'delph'a
Halifax
and Brem.it iverp B'lona
Dun- Ram- and
and
5,535
14,854
3,000
3,000-
1,156
14.324
8.746
i.36X
1,737
7,025
2 679
3,840
327
1,74(3
1,795-
15,809 17,159 8,950 11,930
1,256 151,95*
Below we add the clearances this week of vessels carrying
cotton from United States ports, bringing our data down tothe latest dates
GALVESTON— For Liverpool—Jan. 7— Steamers Ashbrooke, 3.551 .
:
Columbian, 2,300.
For Havre- Jan. 9— Bark Candace, 1,150.
New Orleans—For Liverpool-Jan. 4-8teamer Leonora,
5— Steamer Darien, 7,602.
For Havre— Jan. 9- Steamer Eduardo, 4,912.
For Bremen- Jan. 8— Steamers FederaUon,
SAVANNAii-For Bremen— Jan.
5—Bark
;
Julio, 2,804
6,300. ...Jan.
Ocean King,.
Jan.
Laurcitina, 5,667.
8-Steamer
For Antwerp - Jan. 4—Steamer Carn Brea, 4,704.
Brunswick— For Bremen— Dec 31— Steamer Bedford, 4,802.
Charleston- For Barcelona- Jau. 4— Steamer Maurice Reunion, 4,654.
Norfolk— For Bremen-Jan. 5-Steamer Duke of Buckingham, 6,606.
Newport News— For Liverpool—Jan. 8— Steamer Sicllia,
Boston- For Liverpool— Deo. 31-8teamer Iowa, 2,4u3....Jan, 4—
Steamer Scylhia, 464. ...Jan. 5— Steamer Virginian, 1,471
Jan.
.
7— Steamers
Kansas,
;
Palestine.
,
For Halifax— Jan. 5— Steamer Carroll, 137.
For Yarmouth-Jan. 8— Steamer Yarmouth, 45.
Baltimore— For Liverpool— Jan. 4-Steamer Uanbwmore, 4,012.
For Havre— Jan. 3— Steamer Monlaiik, 600.
For Antwerp Jan. 3 -Steamer Wetherby, 2,044.
Below we give
all news received to date of disasters to veS'^carrying cotton from United States ports, &c.
Chancellor, steamer (Br ), at Charleston for Odessa, with about 3,400
bales of cottun on board, caoght lire at wharf Jan .4. The hold
was Hooded, and tlie tug .Monarch then began to pump the water
sels
out, while the stevedores dlKchaiged the
progrei-9 so
^^
WW far made shows
that the cargo att of the en glue room has escaped
cai'go.
KliElt)!
without damage.
AH
'ihe
the cotton In theloiward hold
U saturated
;
..
January
THE CHRONICLE.
12, 1869.]
vlth water, but
tlie
.
damage by the Are does uot seem
guUhed arior bavliig biiruod «i«lit Uoiirs.
H. Vaneatoh, 9t'r, plylnj? on tbo Kid Klver. utraokasnai? 10 miln-i
northeast or Tuxarkiina, Tax.. mornliiK of Jan. 8, a'ld s.ink In Urn
mliiutca. Her oarxi), oonsistliis: of 250 Dales of oittoii, 2,0.i0 sacks
of oottonsi'od, and a mlsceUaneous lot of frelglit, U a total loss.
Tho iMJat wa9 valued at $i(>,000, and tbo oar^fl about $15,000.
«LER. bark (tir,)-/V lighter wltli 51 bales oottjn from bark (Her, from
Savannah, cauKht tiro while along.^lde the wharf at Lisbon Jan. 7.
SalvaK'e rrtcov.-riiblo will be very small. ^
,
,„
KatbUdiuush, st<?amer. struck a saaK on Tohula Lake, Miss., J»n. 5,
and went dowa In 15 luliiutoi. Hor cargo consisted of 900 b ilea
boat
was
valued at
Tho
of cotton, with sundries; fully Insured.
O
,
,
ijtia.OOO.
Cotton freights the past week have been as f oUows
Tua.
Hon,
Satur.
Wednes. Thurt.
DOTlaOl'sg'w.d
c.
Havre, steam
Do
H
'18
'18
e
sail
Bremen, steam,
Do
IH.
1544*732 i3„an3j iSjj^Tj,
Liverpool, steam d. ^js'ai^^u
"is
<>isai°8
e.
9l8
DAILT OLOSINO PBICBS
52V
52>3'
d
Do sail
BaroeIoua,steam d.
Qenoa, steam .. .d.
Trieste, steam. ..d.
52
V
52
V
52»9*
52
V
Per 100
%
»8
^8
H
»8
n.^ig
sg
38
38
iSg^aTjj i3fl4®T32 I'ai^'aa "e4®''32 "e4®V.i
^33
d.
lbs.
—
LiTEBPOOL. By cable from Liverpool we have the following statement of the week's sales, atocka, &c. at that port.
Dee. 21.
Bales of the
week
bales
Of which exporters took
Of which speculators took...
Bilei American
Aotaal export
Forwarded
........
.,
Total stock— Estimated
01 which American— Estlm'd
Total Import of the week...
OtwhIchAmerican
mount afloat
Of which American
.
Dee. 28.
59,000
3,000
2,000
48,000
14,000
75,000
658,000
4« 1.000
152,000
140,000
266,000
250,000
Jan.
Jan. 11
4.
30,000
2,000
42,000
3,000
25,000
4,000
43,000
630,000
529,000
119,000
109,000
36,000
8,000
69,000
264.0001
241.0001
GrtO.OOO
551,000
107,000
88,000
271,000
200,000
78,000
4,000
4,000
G7,000
l.-i.OOO
81.000
710.000
590,000
148,000
125,000
202,000
185.000
The tone of the Liverpool market for apota and futures each
day of the week ending Jan. 11 and the daily closing prices
of spot cotton, have been aa follows
:
Saturday Monday. Tttetday.
Spot.
Market, (
Good
t2:30 P.M. \ demaad.
«Ud.UprdB.
5718
Firm.
BteadT.
Wednet. Thurtd'y.
HardenV
tendencr.
Good
busineaa
doing.
busineaa
doing.
57l8
57i«
67ia
57i6
12,000
1,000
10,000
1,000
15,000
1,000
12,000
1,5C0
Fuiuree.
Market,
12:30 P.M.
Firm at
2 643 3-54
ailTanoe.
Steadr.
Quiet at
I.*4de-
Verr
Weak.
Market,
P.M.
l
steady.
alina.
Steadr.
Friday.
Good
12,000
8peo.ifeexp.
1,000
eales
14,000
1,000
Steady at Steady at Steady at
1.64@2-64
Tsnce.
sdTiince.
advance.
Quiet.
J
Very
Very
Btoody.
ateaay.
The opening, highest, lowest and closing prices of futures at
Liverpool for each day are given below. Prices are on the
basis of Uplands, Low Middling clause, unless otherwise stated
The prices are given in pence and S4(Aj thut.- 5 63 means
9 63 64d., and 6 01 meant 6 l-64d.
X^
Bat., Jan. 5,
men., Jan. 7.
Open BIgh hmt. OUn. Open
Toea., Jan. 8.
Hljfc
tow.
<7io».
d.
d.
d.
d.
d.
d.
d.
525 526 520
526 5 28 6 20
S'.b.. March 325 5 26 520 6 26
8 27
536
5 26
8 24
8 27
6 27
6 20
5 25
6 25
526
627
5 28
5 27
80
Mar.-Aprll
Ajril-May.. 8 37
5 27
5 28
627 8 27 5 25
5 26
5 25
5 25
5 25
520
6 20
Vay-June.. 5
211
5 2»
8 27
Jane-July.. 5 30
Jnly-AUK... 5 32
Aug.-Sept.. 531
sai
6 25
5 23
6 25
5 20
6 27
6 29
5 30
6 25
5 24
5 24
5 25
8 27
6 29
5 30
5 29
<L
d.
<L
4.
.JsDuary ... 5 26
Jin.-Feb. .. 5 20
5 32
5 31
I
5 26
5 27
6 2»
6 80
5 32
5 81
6 27
6 23
62a
631
533
5 31
Wednes., Jan.
9.
6
6
6
5
24
29
81
33
5 32
6
5
8
6
6
23
30
6 26
6 28
31
829
6 25
6 25
5 £6
6 27
6 28
6 29
33
82
6 31
6 30
6 31
8 30
Jinuary..
Jtu..Feb.
6 28
6 27
bb.- March 8 27
tIar.-Apill
6 27
April-May.. 6 28
llay-Jiiiie.. 6 21)
Jine-July.. 530
Jtly-Aug... 5 32
AiK.-Sept.. 6 ill
d.
d.
d.
Open Bigh Lov.
624
5 25
5 20
6 27
6 28
5 30
5 29
Than., J,iu. 10.
Open Bigk Low. OIw. Open Biih IMW.
d.
d.
d.
d.
5
FrI..
2l«
628
5 30
6 29
Clot.
0pm
Hijfi
Low.
d.
d.
d.
d.
528 6 28 528 828
529 5 30 5 29
5 27
6 27
5 27
6 27
6 29
62
5 27
6 37
5 27
6 27
5 27
?.27
627
ri;.'8
6 28
5 20
6 29
5 3U
6 £2
5 31
53V
632
531 6 31
9 82
5 27
5 2T
8 27
6 27
8 87
8 27
6 27
537
627
628 628 828 628
8 29 6 29 829 529
680 6 Hi 6 30 6 31
681 632 6 31 5 32
830 631 830 5 31
8 29
5 29
628 629 6 28
528 5 29 5 28
529 5 30 6 29
6 30
Ctot.
d.
Jan. 11.
6i9 6 28 5 2U
Ol>
D29
OTf
Clot.
d.
8 30
6 29
6 29
629
6 80
5!I0
581
3'j
6 33 531
633 8 3t 6SS
632 633 832
6 32
6
5 81
884
6 33
HO. Z
BED WINTEH WHEAT.
Jfon.
Sat.
Do via London .d.
d. 2.1»4»38 "3»®38 ll^j^ag 1132®% ll32®38 1132®%
Beval, steam
Antwerp, steam
for
In
932®''i6
Amst'd'm, steam. e.
4
ruoAT. p. H.. Jan. 11, 1889.
wheat flour has been wholly without salient
feature for the week under review. There has b^jen rather
more inquiry from the local trade, mainly for the better gradM
of bakers' and family brands, and holders of these, in view of
the greatly reduced production, were inclined to insist upon
full prices; but low grades, as well as all the coarser stufls and
meal?, were tending downward. To-day there was a quiet
market at nearly nominal values.
The wheat market, except when an occasional "spurt" has
occurred, has been as flat ad it well could be and make any
show of dealings. On Thursday telegraphic communication
with the West was interrupted by a violent storm. Yesterday and to-day rumors regarding the character of the forthcoming Bureau report had a depresaing effect. Business on
the spot was amall to local millers, and values gave way
To-day the market was dull, drooping and unslightly.
settled, under weak foreign advices,
The market
vlaLeitbtf
Hamburg, steam d.
DovlaLondon.d
•
BREADSTUFF S.
have boon
to
EOTPT. sioimuT (Br.), at Qaoonsttown Jiiu. 9 from New York, reports
It was oxtlntlKit lire bnike out In notion .arKO ou I)oo. 31, but
75
Tuea.
100<8 100%
lOl'a IO214
103>4 103>«
el 06>2 IOS'h IO6I4
o.l oe^ 10514 100
buoyant early in the
o.l 01
o.l 02'«
o.l 037^
January delivery
Febru.ary delivery
March deUvery
Wed,
loo's
Thurt.
99i«
lOlifl
101
103
FH.
99l«
100%
101^
104%
1023g
1 0^158 103
Maydelivery
10533 10-l»8 104
J«Be delivery
week on the very
Indian corn was
large export movement, with a good local trade; but the higher prices checked buying for all acounts, and a weaker
market on Wednesday was followed by a sharp decline yesterday. To-day the market was again easier without stimulating buainess to any marked extent steamer mixed sold at
—
43c. for
Choica samples of
com
DAILT CLOSINa PKI0E8 OF NO. Z MIXBD OOBN.
Sat.
Mon.
Tuet.
Wed. Thurt.
45'4
44ia
0. 44'a
45
io^
45
4514
45%
44=9
.0.
45^
44%
February and
41o. in elevator,
are scarce.
January delivery
February delivery
Marcn delivery
0.
Maydelivery
0.
45%
4513
4533
45'ia
4i%
45%
45'«
45'a
FH.
44'it
45'4
4514
45'4
45»i
early in the week, but became
dull, and yesterday showed some depression.
Toe relative
cheapneaa of corn and other feed operated against maintain*
ing values of oats, and to-day there was a more decided decline than is often experienced in this branch of the grain
trade, and the close was unaettled.
DAILY CLOSLNO PRICBS OF NO. 2 ItflXED OATS.
Sal.
Mow.
Tua.
Wed. Thurt.
PH.
31i-j
.Tanuary. delivery
SI"*
32
0.
32
31%
31H
32i8
32>8
32ia
February delivery
32is
0.
32
31%
33i8
Maydelivery
0.
33
33'4
33>4
3278
32%
DAILY CLOSING PRICES OF NO. 2 WHIT6 OATS.
*tt«.
Mon.
Tuet.
Wed. Thurt.
Fri,
35i8
34.'8
January delivery ...
o. 34>a
33
3538
0. 3514
35»8
35=8
February delivery
35%
35
Rye is dull and nominal. Barley in fair demand and
steady. Buckwheat is dull.
The following are the closing quotations:
Oats
made aome advance
—
FLOtJB
$2 23»$2 85 Southern bakers' and
Saperflne
2 65® 3 45
family brands
Spring wheat extras. 3 30® 3 75 Rye Hour, superilne..
rftnn.clearandstra't. 4 303 5 75
Fine
Winter shlpp'g extras. 3 403 3 85 Com mealWestern, .ko...
Winter XX and XXX. 4 009 5 25
5 509 6 83
Brandywlne
Patents
_
3 00® 3 45 Buckwheat flour, per
Southern supers
lOOlbs
Soatb'n 00m. extras.. 3 50® 4 00
nne
V bbL
JH 23® 5 00
3
2
10®
50®
2
75® 3 00
3 40
2 90
300® ....
190® 215
OKAOI.
Wneat—
c.
0.
95
Bprlng No. 2....^.1 03
Bed winter No. 2. .. 1 00
90
Ksdwinter
White
95
Cora— West'n mixed. 36
West'nmlxedNo.2. 44
41
Steamer No. 2
Western yellow.... 42
Western white
42
Spring, per bush.
. .
«1 18
®105
®102
»108
®108
® 47
® 46
Kye—
Western
S bu.
StateifeJersey
Oats— Mixed...
.
White
No. ZnUxed
No. 2 white
Barley— O'nada No.l
4214
Cinada No. 2
0.
o.
57
60
29
32
59
63
33
39
®
«
®
®
31 ka
3414®
88 ®
84 ®
78 »
82 ®
63 ®
32ia
3Si«
90
®
86
® 47
Two-rowed State..
80
® 47
Six-rowed State-...
85
Southern white
®
Buckwheat
65
The movement of breadatuffs to market is indicated in the
statement below, prepared by us from the figures of the New
York Pro luce Exchange. We first give the receipts at Western lake and river ports, arranged so as to present the comparative movement for the week ending Jan. 5. ltit;9.
RuHpts at—
Ftour.
Wheat.
Oom.
Barlev.
Byt
BM>.196II» Bu<l>.60 a»\ Buah.S6 U» Bueh.32l6> Bu<h.48U>. Bu. 66 16*
50.901
131,953
1,093,053
OHIoago
583,448
224,278
44,179
15,032
124,950
HUwaukea...
33,380
38,000
123,875
7,849
600
68,085
Dolatb
275,760
idinneapoiis,
Toledo
1.1
39,015
59.852
12,235
1,300
84S
Ostrolt
1,786
36.008
78,283
80.178
18,120
4,391
28,801
Clsveland. ..
13,347
34.495
4.798
12,530
3t.liOnls
22.8S8
1,164,005
180,170
89,000
4.400
Peoria
1.870
9.000
135,000
73,000
24,6»
8,808
Tot.wk. '8.1.
3amewk.'88.
i*me«k.'87.
Since Aug. 1.
1888-9
1887-9
1888-7
89,408
r
737,.')5U
228.81'
1.284,8431
185,805
1,057,842
A902,244
63,i;t>9.6fl3
6.709,923
4,951.714
71,529.179
2,576.880
1.791,14
2,050,512
934.521
983.197
893,020
435,871
402,612
432,396
nsjaii
60,180
33,007
66,799,578
4a.55^.0;8
44,984,088
38,702,411
34.970.302
l«,tte2.3»l
S.6S0.7I7
16,071,171
1,118,651
1,337,234
6l.3l9.31il 4A981.415
14.648 071
..
.
.
THE CHROJSiCLE
76
at the seaboard ports for th
The receipts of flour and Rrain
week ended Jan. 5, 1889, follow:
bbls.
HewYork
71,518
44,007
4,157
13,454
36,956
2,400
Boston
Montreal
PWladelpWa...
Baltimore
Klcbmond
Korfolk, Va....
--:-"
MewOrleang...
13,c60
l}ye<
Barley,
bush.
Oals,
bush.
bush.
12.000
413,000 106,700
154,800 13,120
2,862
18.687
4,800
86,413
14,888
19,280
400
600
2,050
23,247
368,660
124.549 3.689,686 730,315 127,482 15.050
384,999 549,435 622,818 146,C00 10,825
The exports from the several seaboard ports for the week
endinK Jan. 5, 1889, are shown in the annexed statement:
Total week. 1 86,052
©or. week '88.. 281,068
Msporta
from—
ITewYork
Wheat.
Com,
Suth.
1,252
Bush.
725,439
Boston. .
Portland.
Uontreal.
133,4!)1
FhUadel
18,440
914,548
129,159
Bbls.
33,504
19,269
6,440
Baltjm'ie
K.Orl'ns.
N. NewB
Bush.
691
Bush.
12,081
Buth.
12)952
,143
357
370
Wk.
Vmetime
Tot.
1,252 1.935,010
75,233
691
25,033
225,408
178,724
1,023
16,678
423,8161
.
week's movement to our previous totals we
have the following statement of exports this season and last
By addinf?
this
season:
Xxportsto—
to
Jan.
1
to
1889.
B,
ITn.Klngdom
Continent.
f 5,388
B.aC.Am...
853,703
West Indies.
350,431
876,632
11,711
BnLCoI'nIes
Otta.oonntr's
Total
Sept. l.'tS, Sept. 1.'87. Sept. 1,'68, 3ept.l:i 7,
1H88.
'to
5,
2.791,407
Jan.
16t9.
Bush.
BbU.
1,713,544
.
l.W,
Jan.
7,
BMj.
Com.
Wheat.
Flow.
Sept. 1,';». Sept.
to
7,
Jan.
to
I6f8.
Bu$K
5,
Jan.
18t9.
Buth.
to
7.
Jan.
ist-a
Bufk.
3.018,985
207.864
2.601,271
7,177.346
12.522.623
5,891.610
1,889.684
4,918,465
4,304,728
1,414,514
344,245
314.136
823.717
03,918
19,873
82,568
193,892
1.012
9,421
151,018
104.740
2,000
4,608
11,163
41,209
11.15S
24.850
22,130
12,008
14,21?
4,250,180
4,612,035
12,151,740
17,034,191
7,660,181
supply of grain, comprising the stocks in grans i y
at the principal points of accumulation at lake and seaboai d
The
visible
in transit by water, Jan, 5, 1869
Wheat,
Com,
Oats,
and
ports,
In store at —
Hew
York
Do
aUoal:
Albany
Bnflalo
Do
afloat
Obloaeo
Milwaukee
Dnlntb
Toledo
Detroit
Oswego*
St Louis
Do
afloat
Olnotnnatl
Boston
Toronto
Montreal
Philadelphia
Peoria
Indianapolis
Kansas City
Baltimore
Minneapolis
Bt.
Pau
BUl...
On Mississippi.
bush.
bush.
:
Barley
bush,
bush.
bnj.h.
9,208.8X4 2,611,5471,858,319
91,848 134,139
216,000
66,400 263,900
15,8U0 180,9S)O
l.OOO
41,500 117,500
30.600 126,250
3,464,173
237,168
47,564
81,242 569,457
30,000
4,609,687 1,782 946 3,456,639 798;io6 193,386
1,116,823
22,182
36,6S)3
268,723 210,60
987,759
4,573
40,480
1,919.927
177,362
48.861
613
37I215
947,064
98,442
22,345
4,805
69,577
75.000
610,001
3,575,505 1,475,395 661,581 107,028 143,8b3
83,538
4,000
84,000
16,000
99,000
78,000
8,596
577,218 602,289
1,764
32,310
91,839
3,000
276,680
603,541
35,261
22,760
38,69!'
522,215
428,839 141,254
124,080
63,279 £06,248
94,250 119,3''9
375,054
35,500
77,589
5,382
271,139
128,640 315,319
11,829
1,534,399 1,934,M52 128,196
18,788
7,971,759
6,058 167,047
5",5 34
290,000
251,800
62,870
Jan. 5, '89 .. 37,923,37410,141,000 8,621,454 1,666 174
Dec. 29, '88. 58,301,447 8.497,150 8,624,162 1,678,838
Jan
7, ;88. 43,857,126 6,184,914 5,896,187
30o!658
87. 63,345,689 15,077,848 4,877,847
Jan.
438,607
Jan.
86.57,958,176 9,188,003 2,749,657 736,438
Last week's stock ; this week's not received.
Tot.
Tot.
Xoi.
Tot.
Tot.
:
%
FoKEiON Dry Goods.— Importers were kept pretty busy in
charging up and making deliveries of certaiu spring and summer fabrics on account of former orders, but the current demand for foreign goods was light and irregular, as is generally the case " between eeasons." There is, however, a very
hopeful feeling in this branch of the trade, and a good
healthy business in the near future is confidently expected by
imp oiters and jobbeis alike.
Importations of Dry Goods.
The importations of dry goods at this port for the week
ending Jat-. 3, 1889, and since Jan. 1, and the Sdme facts for
the corresponding periods of last year are as follows
:
& Sg
c
o:
c
States.
Domestic Cotton Goods.— The exports of cotton goods from
this port for the week etding Jan. 8 were 2,567
packsBes
valued at |151,932. These shipments include 756 to
South
America 445 to Hcdeidah 400 to China 873 to the West
Indies; 250 to the Briush Indies; 203 to England- 69
;
;
:
:
1
•
:
^
"'
S:
5
i
f
:
i
:
i
I
I
31
E:
ii
•a.
tOMH'l-'H'
K <© o w w
2 770 oTl
2!s03'90i
3,328;203
2,724.079
2,203,948
New Yobk, Friday P. M., Jan. 11, 1889
to a considerable influx of interior jobhers and their
de{arti£ent tuyerp, ttere wss rather more animation in commieeion atd impoiting ciicles the past we«k, but there was a
gocd deal of irregularity in the demand and new business was
only modtrate in volume. The movement in spring and summer gcods on acccunt of former transactions was quite
liberal, wash fabrics, sateens, cballies, lawns, ginghams
'
aeersuckere, white gcodp, light-weight clothing, woolens,
etc
having been freely distributed in this conntctioD. Prices of
staple and patterned cotton goods remained firm at current
quotations, and certain prominent makes of heavy domestic
clothing woolens have been opened at an advance
upon
last year's pricep, because of the recent appreciation of
the
staple. The jobbing trade opened quiet, owing to rainy
and
unteascnably mild weather, which militated against
the
demand for h< avy winter goods, but very fair orders were
received for fpring fabrics the past few dajs, through
the
representatives of leading jobbers travelling in the interior
436.000
224,000
49,000
of the commission houses,
CODOKIO
X tC to CO CO
H-ClDO<lW
co*>a:coo
ccoo
o
to *- ^D
O>rf^rf*C;i|0'9B
ccco
c o» <J -J
OiOOOJCni-»
iX
CO to
aotoMcow
ooco
o;o«
WW
Ci -q
OS
c;i
-^
^ ^' cc o
to CO
QOS
M 50 00
Mceo*jco
cci;^o:oE>o
VGDOi^qO
^tCif^CO^
OiJ^^OltO
O OKI <)
M ^1 CO M
00
tp"
GOfi
©a«)boce
^<lCOrf*>-
OHWl^l*''
tSCDOWCO
II
oitaDOs-^c
CO*-*, in
osv
C. '^ o> cc *»
Owing
;
10,000
Fancy and shirting prints were in fair demand, and there
was a good steady movement in printed sateens, lawns, challies, foulards, woven " wash dress fabrics," and white goods,
on account of back orders.
Domestic Woolen (Joods. — The commission houses have
experienced a slightly improved demand for some descriptions
Chinchillas, fur
of heavy clothing wcolens for next fall.
beavers, kerseys, meltons and other heavy overcoatings have
met with considerable attention, and fair orders for leading
makes wtre placed at about last year's prices. Heavy cassimeres and worsted suitings were more generally opened by
the mill agents, and slightly advanced prices are asked for
some of the most popular makes. Spring clothing woolens
were quiet in demand, but fair deliveries were made in execution of former orders, Heavy satinets were in fair request,
and there was a light business in doeskiLS, jeans, flannels,
blankets, shawls and cloakings, while fairly satisfactory orders
for Biuesels, ingrain and Wilton carpets were received by some
THE DRY GOODS TRADE.
acd near-by
;
;
Total stock (pieces)
8,150
Blobm'd
1888.
Peas.
Rye.
Oalt.
Flour.
33,933
67 to Mexico
31 to Japan;
to British North America
17 to Europe ; 16 to Smyrna
27 to Central America
and 18 to British Guiana, For the corresponding week
of 1888 the exports to all ports were 2,265 packages,
valued at $133,128, in 1887 reached 3,888 and in 1886 2,866
packages. There was a fair hand-to-mouth demand for
staple cotton gcods by package buyers, but no special degree
of activity was noticed in any particular class of fabrics, and
the main features of the market remain unchanged. Stocks
of brown and bleached cottons are in excellent shape as a
rule, and colored cottons are not in large supply save in a very
few instances. Prices are consequently steady all along the
line.
Print cloths were in better demand than of late, but
transactions were limited by the exceptionally small stocks
on hand. Prices ruled very firm on the basis of 3 15-16c. bid
for 64x64 cloths and 3 9-16?. for 56x60s; but manufacturers
are reluctant sellers at these figures. Stocks last Saturday,
and for three previous years, were as follows
1887.
1886.
1369.
1868.
Jan,
Jan. 7.
Jait.B.
Jan. b.
Slock of Print Cloths—
25,010
79,000 108,000
Held hy Providence mivmil'rers. 6,000
58,000
63,000
4,000
5,000
Fall River manufacturers
None.
42,000 230,000
15,000
Providence speculators
40,000
40,000
None.
4,000
Outside speculators (est)
;
Corn,
Wheat,
biuh.
bush.
1,789,763
23.100
2.830 359.480
10,072
10,799
30,008 230,196
24,832 899,729
31,780
32,980
Flour,
jil—
XLVIII.
[Vol.
009000
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