Full text of Commercial and Financial Chronicle : January 18, 1890, Vol. 50, No. 1282

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

I

xmitk
HUNT'S MERCHANTS' MAGAZINE,
REPRESENTING THE INDUSTRIAL AND COMMERCIAL INTERESTS OP THE UNITED STATES.

VOL.

SATURDAY, JANUARY

60.

%\xt

Cirixr0xtitIje,

Terms of Subscription— Payable in Advance
For One Year (includine postage)
$10 20
For Six MontUa
do.
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18.

NO.

1890.

1,282.

this (the large additions on account of dividend payments,
&c.), was explained last week. The operations in snare properties both at New York and Boston have teen of greater
volume than in the previous week or the week of last year.
Lincoln, Nebraska, is now included in our table.
The satisfactory character of the present exhil)it is apparent

is made with the corresponding week of
The increase in the aggregate reaches 9*8 per cent, and
outside of N^w York is 11 per cent. Of the forty-nine
Six Mos.
do.
do.
£1 9s.
do.
cities furnishing returns, only eleven record any losses, and
These prices include the Investoes' Sdpplement, of 150 p.iges. generally they are unimportant. The falling off of 33-5 per
Issued once in two months, and furnished without extra charge to
cent at Topeka is explained by the fact that the tax settlesubscribers of the Chronicle.
the total
A file cover is furnished at 50 cents; postage on the same is 18 ment in the week of last year served largely to swell
of clearings. The heaviest gains are at Dallas, 93'7 per cent;
cents. Volumes bound for subscribers at $1 00.
84-3;
73-5;
City,
Fort
Worth,
Tacoma,
Sioux
86;
Lincoln,
Subscriptions will be continued until definitely ordered stopped. The
49;4^
publishers cannot be responsible for remittances unless made by drafts and Los i^ngeles, 45'6 per cent.

or Post Office

money

Terms of

^eek Ending January

Adyertisingr.

tlon at the office. The lowest rates on permanent cards definitely ordered for one year are 8 cents jier line each insertion, making .$58 tor
one inch space one year. Space is measured in agate type— 14 lines to
the inch.

London Asenta

:

Smith, 1 Drapers' Gardens, E. C, wlU take sub
scrlptious and advertisements and supply single copies of the paper at
Is. each.

wiTTTur n T.JM. (W^IIiIilAM B. DANA & Co., Publisher*,
102 William Street,
VOKK.
mnvcG. FLOYD.
RiA^ 1^
JOHN
QfFICE BOX 958
p

NEW

Xew York
Sales

The following table, made up by telegraph, etc. (as fully
explained on this page in our issue of October 36 and previous
numbers), indicates that the total bank clearings of all the
clearing houses of the United States'for the week ending today, January 18, have been §1,145,065,256, against $1,183,930,300 last week and $1,133,014,934 the corresponding week
last year.

Week Ending January

680.366,413

-I-9-1

T»l,6e8,814

+10-4

(8ft{,217)

(+19-8)

1— 20-4)

bbts.)

(4,S71i,000)

1848 ,361)
(543,100)
(19,370.925)
(12,480,000)

(-f88-8)

bushels.)

(1.598.167
(H40.500)
(16.412,788)

iCotton

(265,800)
(16,187,8001
(4,890,000)

\-ni

-t-11-9
-I-81

S8B.107
429,438

90,554,670
6,210,800
2.764,126
1,486,277
1,273,824
ljt99,894
1,128,256
793,610
462.871

bales.)

....

(Omfn
(PstnUnm

101,353.034

Il'irtford

5,R34,l)00
2,1I23.12H

New Haven....

1, 198.882

Providence....

1,831,208
1,077,823

Sprlagtleld

Worcester
Portland
Lowell
New Bedford..

New

l,S4«,.i;9(>

New

York

1890.

Boston
Philadelphia
Baltimore

Chicago
St. Louis

19,143,244

Seven cities, 5 days
Other cities, Silays
all cities,

1 cities, 1

6 days..

day

»831,40),72S
114,427,316

10,90o,'227

+15-8
+5-4

$839,280,962
104,962,311

$945,919,041
199,146,213

\Ptr Cent.

-2-4
-0-4

63,450,000
16,386,836
11,178,683

15,,->30,913

New Orleans

Total

1889.

$003,356,363
83,064,610
60,940,338

-10
— 5"2
-0»
+9-1

$944,143,273
187,871,021

+0-2
+6-0

The

all cities

for wcek...l

$1.145,065,256

full details of clearings for

the

I

$1,132,014,294

+ 1-2

week covered by the

-t20-3
-I-4-B

—171

-H8-0

1S4,1WI,1M>
6,841,000
3,379,561
,404,728
I.2TI.480
1.278,101
1,381.781
1

140,643,369

-0 7

Baltimore
Washington..

ie.»U5.tlll

432-2

1,570,534

1,U3,0«S

-t-32'7

801.97'.!

838,601
801,655

70.83I,:68
14,721,877
17,83o,978
1,2U3,<79
886,031
826,227
4,«04,704

Botralo'.

Total Middle..

Chlca«o
Cincinnati
Milwaukee....
Detroit
Cleveland

Grand

liapids.

-10*
+9-9
+10-6

—4-9

-t32-4

-8-7
-4-1

-8-0

+80*
+28-0
"(-SO-S

-

9-B

+80-0

104,014,903

87,224,899

-^7

9

106,345,156

d0.8I5.285
14,018,450
5,488,108
6,i7B,886
4.e«8.328
2,837,500
a.107,182
1,428.553
872,108

64.294,058
12,224,700
4.853,970
4,477,477
3,420.880
2,330,311
1.984 .K>5
1.513,235
uo3,i:o

-(8-e

+ 8-6

66,827,720
12,230,360
5,351.358
4,516,882
4,880,808
3,807,800
2,286, 1K3
1,506.189
691.378

fO-1
+I0-1
lo-i

~+ir2

101,407,423

+••8

+4-5
-H5-6
+73-8

l«,849,8ee

108,623.418

Total Middle Western

+18-8
-f*8
-0-9

+ao-7

-fll-0

7B8.I83
5,183,249

-(•285

-117

69,947,281
11,572,850
12,783.069

Syracuse..

3)

712,483
S98,ea8

104,982,587

WllminKton, Del..

(-29

—189

69,456,146
15.321,207

93,912,7'

+147
4-13 8
t-20-1
+811-6

+21-8
+5-8
—6-6

-H4-9

+7-8
+8-5

-9-6
-4-34-1

+I9«
+88-3

16,700,021
1,488,821
780,811
1,740,001
1,018,107

15.006,072
1,009.800
450.000

17,950,563

16,486,872

Denver

0,498,227
4.821.876
4.2e8,»45
4,810,607
4,484,407

Duluth

1, 1.08,588

St. Joseph....

-rl4-i

5<ll,800

+71

Lincoln

1,850,402
757,887
1,008,826
661.183
869,634

Topeka

42t>,817

8,860,801
8.915,848
4,180.33«
3.9)' 6.3 15
3,861,608
2,359,434
1,321.888
146.720
542,271
570,130
448,168
832,673

+49-4
—83-6

301,985

+81-1

36,154,878

31,387,485

+liP

89,466,669

-0-e

22,177,
18,686,
8,421.
3,919,
2,818.
1,797,
1,646,
1,820.
1,000,
2,510,
946,
648,

S0,25",8S3

58,6 18,826

61,170,76^

San Francisco..
IjOa Angeles ...

Tacoma'
Portland*
Seattle*

Total PaolHo.,

Kansas Cly.,
Minneapolis.
Si. Paul

Omaha

Wichita
Total

-I-6-8

118,573,968

England...

Peoria

1588,781,760
82,718,436
60.al3.131
12,634,211
56,339.000

(-0S-0,

Philadelphia..
PlttsburK

Indianapolis...

IS,

P. Cent.

742,
2,143,1,654
shares.)

Columbus
Cleabdios.
Returns by Telt^raph,

End'Q Jan. 4

1S80.

of—

iStocka

Total

CLEARING HOUSE RETURNS.

XVetk

11,

P. am.]

Boston

Edwards &

i

1889.

orders.

Advertisements ordered for less than one month, in the Commercial
<k Financial Chronicle, are published at 25 cents per line each insertion. When orders are definitely given for one month or longer, a liberal discount is allowed, and the net priceit may be obtained on applici-

Messrs.

when comparison

BlouxCity....
Des Moines..

above statement will be given next Saturday. We cannot, of
Total Other Western..
bank clearings being made up by St. Lnnis
New
Orleans..
the various clearing houses at noon on Saturday, and hence in
Louisville
the above the last twenty-four hours of the week have to be Memphis......
Richmond
in all cases estimated, as we go to press Friday night. Below
Qa'Teston
are our usual detailed figures for the previous week, that is
Dallas
covering the returns for the periotl ending with Saturday Fort Worth...
Norfolk
noon January 11, with the comparative totals in 1880.
Nashville*

course, furnish theni to-day,

The results in the various cities, as disclosed by the subjoined statement, are in the main very favorable. There is,
Total Southern.
of course, a decline in the aggregate from the preceding week,
notwithstanding that the current total embraces a full week,
Total all
while the returns for January 4 from many of the important Outside New fork
centres covered only five business days; but the reason for
•Not included in
Blrmlnffham*.
Lexincton*....

440,886.648

—iars

848,311
-t-9-0

+7-2

+£iS
+«•»
+K0-4
+16-11

— I8'l

-t40-0
-hSB'

17,«08,896

-o-»

7,833,803
4,658,885
3.687,886
3.897,3
3,94;.387
1,680.507
1,5»8,0«7
6i0,895
883,174

—rs

+I6-0

12,10(>.688

7,0t9,:U5
3,880.918
2,674.580

•Vl8-f

7,696,812

+16-f
~«-l

3,185,5IKl!

1,886.3181

C50.000
718.381
987,096

3»7.144.2ai|

+8-7
+17-8
-18-4

—«-6

-1«-1

+84-8

18,701.511

13,34«,ir86

1.182,960,300 1.07?.81O,87t-

totals.

789,800
613,487
1,854,188

+9S-7
+8»-S
+1-4

2,876.463
l.B!6,I0C|
1,181,4881
l,048,;a«
882,8211
S,I08,S»2!
810,42K|
48V,W27l

•Hr*
+7-8
43-8
449-3
+3S-6
+164-3
-t-128-l

--7-»

48,706.440:

44-7

_+0-l- 1,220,838,798!

+»«

Tir-<

+9-0

+ 16-f

444.170.912

THE CHRONICUi

82
CoKRECTiON.

—In

Railroad affairs in

writing with regard to Reading
Financial Situation" lafit

"The

I

On

extreme, the average being about 5 per cent.
considerable

money has loaned the

last

Vol. L.
time,

two days on

week, the types made us say at the bottom of the last prime dividend-paying collateral at 5 per cent for four
column of page 46, in speaking of the Railroad Com- months, and on that grade of security it is not possible
now to get more than 5^ per cent at the best. On
pany and the Coal & Iron Company as one concern
mixed collateral the rate for 90 days to four months has
*' Besides they were made one year ago and the reor" ganization confirmed the union." The word printed latterly been about 5^ per cent, while 6 per cent is the
"y^r" was written "years," so that the sentence rate at 90 days on security of lower grade. For comshould hare read—" Besides they were made one years mercial paper the rates are very little changed from a
"ago, and the reorganization confirmed the union." week ago, the demand being good and the supply of

Those who keep the Chronicle for binding or refer- bills fair.
The money market in London has been more active
ence will find it worth the while to put an " s " at the
end of the word year, as it stands in the text. We this week. AVednesday, the 15th instant, was pay-day
should hardly have referred to this error were it not at the London Stock Exchange, and that no doubt has
Indeed, it
that it illustrates in a striking way the difficulty helped to influence the general condition.
England
offithe
Bank
of
surprising
if
with
correct
would
be
public
in
the
reaching
a newspaper has in
has
been
per
cent
point
which
cial
minimum
at
6
(a
compositor's
work,
the
writer's
the
when
form. Even
work and the proof-reader's work have all passed muster, touched only twice before, the first time in 1878, when
the dropping of a single type may rob a sentence the City of Glasgow Bank failed, and the other in 1882,
after the Union Generale collapse in Paris), and with
of meaning or make a line of figures inaccurate.
the bank stock of bullion so low as it now is it would,
we repeat, be surprising if the open market did not

—

THE FINANCIAL SITUATION.

show some

sensitiveness.

We

can hardly see

how it can

The money market has become easier in tone and in be otherwise until there shall have been a more decided
The change has been mainly due to a response in the exchanges at London to the advance in
rates this week.
very dull stock market and to further disbursements the Bank rate. As yet there seems to be no marked
by the Treasury Department through bond purchases.
It seems that quite a number of the depositary banks
had not previously responded to Mr. Windom's 10 per
cent call withdrawing deposits, which call fell due on
the loth inst. According to the monthly statement of
the Treasury, published January 1st, the amount of
Government funds at that date still in banks was
$40,939,852, against $47,373,668 the

first

of the previ-

As the call referred to was only for 10 per
the amount outstanding, and as these figures

ous month.
cent of

showed a decrease in the item of about 6| million

dol-

was supposed that pretty much all the banks had
responded. That assumption seems not to have been
This week others have been heard from, many
correct.
of them paying up the entire deposit, and as a conseque'nce more bonds have been^brought to the Government market, swelling the Government disbursements.
The latest Treasury announcement is that even now
there remain quite a number of banks which have not
paid, so it looks as if Mr. Windom under his 10 per
cent requirement would get nearly 25 per cent of his
outstanding deposits, reducing them from 47J millions
to say somewhere about 35 millions and perhaps less.
It should not be forgotten that these are the same
deposits, now being so readily and largely given up in
lars, it

.

evidence that the advance has had the desired eilect so
To be
far as the movements of gold are concerned.
sure there

Bank

this

is

reported to be a gain of bullion by the
of £513,000, but a private cable to us

week

shows that that result was reached simply by a drain from
the interior of Great Britain; in fact, the only import
was £6,000 from France, whereas there was an export of
£100,000 to Portugal, while the receipts from the interior
It is impossible to disof Great Britain were £607,000.
disguise the fact that there is no stock of gold in

Europe not felt to be short, except that in the Bank of
France; and as the Bank of England is the clearing
house of the world it must secure new supply to meet
current wants.

The

expectation has been that the

need could be satisfied after the first of January from
America. But capital is subject to the same forces and
influences the world over, and trade has consequently
so shaped itself that* it does not look to-day as if any
Those
large supply could be taken from New York.

who

are responsible for this scarcity in the metallic basis

world's commerce ought to explain the poor
working of their theories. Discounts of sixty to
ninety day bank bills at London have been up to 5
per cent this week, and were reported 4|@5 per cent
At Paris the discount rate in the open
yesterday.
excess of the Government demand, which a short time market is 3 per cent, and at Berlin and Frankfort it is
since the less informed thought were such a rich loan ^\ per cent.
to the banks.
Our foreign exchange market was very dull and heavy
But the chief interest the public has in this move- the earlier part of the week, and rates were marked
ment is in its influence on the money market, through down by one of the leading drawers on Tuesday onethe bond sales it induces and the Government dis- half cent, making the posted rates on that day 4 82^
bursements of currency it thus leads to. Coming as it fer long and 4 86^ for short. The most of the other
does during a period of comparative quiet, when for drawers did not follow this reduction, and yesterday the
the time being the outflow of funds to the interior has drawer in question put its sight rate up again to 4 87,
been arrested, the few millions it -puts into the money though leaving the 60-day rate unchanged. At the close of
market, in addition to the 8^ millions of interest pay- the week therefore the nominal quotations are 4 82|@4 83
ments on the first of January, has served in good part .for long and 4 87 for short. The market, as said, is dull,
to make the change which has occurred in the con- but the undertone remains firm. Arbitrage business has
dition of money.
So far as call money is represented not affected the market either way. We have remarked
by bankers' balances, the range of the week has been upon the foreign trade figures in a subsequent column.
between 2 and 13 per cent, the higher figure The official statement of the export of leading
having been made on Monday and the lower on articles for December, made up in our usual form, is as
Tuesday.
Little was
done, however,
at either follows.
for the

'

J

Jakcabt

THE CHKONICLB.

18, 1880.J

XPOBT8 OF BRBAB8TUFF8.

from U.

1887.

D« ember.' 12 MonthM

December. 12 Montlu.

S.

December. 12

QuVitlHu..

i/oiiI/i.«

8.096,105

46,983,422

49,462.881

4,226,370

1.222,603

10,109,295

10,481,681

1,171,365

12,001,100

Flour... bbl«.

3,988,659
704,888

93,828,267

Wheiit.bu8h.

Whfat..hu

11.597,818

91,478,218

7,158.305

90,833,065

5,272,108

.S3,325,983

9,497,818 147,833,215
2,179,0131 35,212,199

CorD...bn8b

80,085,176

6.42t,.'J51

183,015,74-1
12,430,413 129,969,918, 11,676,631

18,019,169 172,481,421

Tot. baah.

•

»

$

ValiitB.

t

(

Wh't.» flour
Corn & meal

10,700,602

8(1,932,029

7.311,751

02,908,441

2,852,261

19,121,281

Rye

30,489,729
571,300

2.737.851

120,08J

91,58(1

Oats & meal
Barley

367,696
28,771

1,303,479
682,615

18,650
63,774

310,974

21,171

387,;i71

116,752

960,144

9,976

236,132

BrMstuffs.
.

ProTlslons
Cotton
Petrorm..&o

I

I

10,370,591 158,528,053
8,907,813 96,071,121
31,281,258 215.809.188

67,015,345 485.670,821

5t>t6.197'515,61fl.350

1

iDclacllng cacUo

aod bogj

no statistics as to the,
accumulations in yards, <&c.), the consumption for Decomber, 1889, was only 2,480,901 tons, against 2,621»r
000 tons in December, 1888, and 3,049,204 tons ia

In all inoatlij

December, 1887. Even in December, 1880, the indi"^
cated consumption was 352,000 tons greater than for._
For the twelve mouths the consumption is
1889.
2,590,000 tons below 1888, but 150,000 tons ahead o£

9.020,578 139,007,647
1,312,839 18,054,296
182,707

Til037,319 125,879,062 10,212,778 113,473,422
13,982,960 142,a49,»u; 10,857,181 99,868,017
41,925,878 230.634,437 42,579,617,224,765,633
8,665,7601 47,663,749
4,493,770 62,792,381

Tot. Taloa.l 74,449,727 683,956,814
*

here see that on the basis of the changes in stocks

at tidewater points (thero being

1889.

Exvorti

We

PBOVISIOSB. COTTOS *»D PBTBOLBDM.

83

8,985,702

45,231,988

and yeare.

Proin excess of 1886.
above that of all previous years except
1888, and as the latter was really an extraordinarilyprosperous period the feature in question is an impor-

1887,

and over 2^ million tons

duction also

tant one.

is

The mistake

of

the coal companies,

it

is

evident, was in not grasping fully the exceptional
nature of the conditions leading to the heavy output of

now

Tlie total
of that for
will be seen, is 101 million dollars in excess

During the last few days the weather has turned
decidedly colder, and should this be maintained a material improvement in the outlook will no doubt take

1888.

place.

furnished yesterday tend farther to
emphasize the unsatisfactory condition of the anthraAccording to Mr. John H. Jones, the
cite coal trade.

noteworthy since it is in striking contrast with the conIn most departdition of our industries generally.

of

these

1888.

items for the calendar year,

it

Official statistics

The unfavorable

state of the coal

trade

is

the

more

accountant of the companies, the stock of coal at tidewater shipping points on December 31 amounted to the
The amount had
exceptional figure of 1,026,107 tons.
but in De.
months,
previous
the
all
been large through
quarter of
over
of
a
increase
further
there
was
a
cember

ments of tradp, great activity continues to prevail, and
consumption and production are both on a very large
Railroad earnings and bank clearings furnish
scale.
good indications of this, and we would particularly

a million tons, raising the total to the figure given. At
the same date in the previous year the aggregate was

New England

direct attention to the current returns of

tions

are

roads.

pretty

In

New

stable,

some

of the

England, business condiand hardly subject to

that often
652,156 tons, and at the end of 1887 it was only 130,977 the
wide and extreme fluctuations
Hence the changes that do
tons, which affords a fair idea of the relative condition occur elsewhere.
Though the stock at take place merit more than ordinary importance,
of the trade at the periods taken.
tidewater points is thus unusually large, that fact alone and serve to reveal the prevailing drift or tendency.
not We get monthly reports from only a very few of the
would not be so depressing if it were

come all tell th©
week received
this
have
same story. For instance, we
showing
Housatonic,
of
the
the November statement
explanation of this unfavorable situation, but as con- gross of $107,563 for 1889, against only $89,060 in the
cerns the further increase in December, that might corresponding month of 1888, being an increase of
have been avoided if the policy of restriction had been $17,903, or about 20 per cent. Then we have precontinued through that month. For the total output viously had the figures of the Fitchhurg and the New

that stocks at other accumulating points are also heavier
and that retail dealers hold large quantities in their
The mild weather is correctly accepted as the
yards.

roads in that section, but such as do

was actually somewhat in excess of York & New England, the one reporting *54,760 inFor the year, however, the crease, or 11 per cent, and the other $31,801, or about 7
companies have mined nearly 2f million tons less than per cent increase. The percentages vary, but all reflect
in 1888 in exact.figures, 2,738,008 tons less.
improved results. From other sections some good returns
in
producoff
falling
this
see
how
interesting
to
It is
have been received for the month of December, both
different
rethe
between
as
distributed
been
has
tion
The trunk lines of course are nearly
gross and net.
In 1888 both the Lehigh and the Schuylkill all doing well, hut the Baltimore & Ohio seems to be
gions.

in December, 1889,

the same

month

in 1888.

—

strikes; nevertheless, the especially favored at the moment.
The road reports
Lehigh region increased its output for that year 1,292,- for December a gain of $350,957 in gross and $271,134
174 tons, though the Schuylkill region gained only net, and for the three months of its fiscal year, begin45,088 tons. But of course the heaviest addition oc- ning October 1, a gain of 11,109,482 gross and $785,90a

regions suffered because of

curred in the Wyoming region, reaching there 2,167,436 net. As the stock of the company is small, these gains
For 1889 there is a further increase of 646,184 mean relatively more to it than they would in the case
tons.
From the West the Decemtons in the Lehigh region, but a loss of 179,752 tons in of the other trunk lines.
in
the
Wyregion
and
of
tons
3,204,440
is of the same favorable
Schuylkill
Cent,
the.
ber statement of the 111.
oming. Thus it is clear that the Lehigh region, served nature as before, and our detailed list of net earnings
chiefly by the Lehigh "Valley and the Jersey Central, on another page contains various other returns of a
has benefited at the expense of the other two. The like character.
following is a summary of stocks, production and conThe Mobile & Ohio does not publish its net earnings
sumption for three years.
monthly, though the gross earnings are thus published.
The management have favored us, however, with a
Jan. 1

receniber.

(0 Dee. 31.

j

Anthracite Coal.
1883.

beglnolng
Stock
of period
Production

1888.

1887.

1889.

7l.ri..

Tom.

Tbiu.
852.166

1888.

1887.

7bn».
130.977

7onM.
372.282

2,735.734

689.233
2,703.923

3.0C8.078 35,407,710 38.116,718 31,041,017

Total supply..
Bt1« end of period

3.507.0C8

S,273.166

l4«0,181 36.059,866 38.276,695 35,013,299

1,020.107

652466

Congumptlon..

2,480.0«1

2.621.000

771.83»

112.I0S!

130.977

1.026,107

662,166

130,977

3,049,204 36,033,759'37,624,639 34,882,322

statement for the half year ended December 31. In
reviewing the annual report to June 30, 1889, we had
occasion to remark upon the progress the road had

more recent years, and the present six
tenmonths' exhibit marks a continuation of the same
over
months
six
the
for
earnings
of
The excess
dency.

made

in the

THE CHRONICLE

84

ordinary expenses, taxes, and insurance, amounts to
•564,993, which compares with only $461,714 in the corresponding period in 1888. After taking out $361,098
as the half year's proportion of the obligatory charges

and $99,677 for betterments, there still remains a balance of $104,218. What an improvement this is over
the year preceding will appear when we say that for the
corresponding six months of 1888 there was a deficit of
$14,601 after allowing for charges and betterments.
The operating cost has been reduced, but evidently not

[VOL. L.

OUR FOREIGN TRADE MOVEMENT.
trade report we have had for
the preliminary statement of exports of

The most encouraging
a long time

is

cotton, breadstuffs, provisions, etc.,

December by Mr. Brock, Chief

for

issued

this

week

the Bureau of

of

We say it is the most encouraging, not
shows the largest shipments of these articles
in the aggregate of any month in this fiscal year, for
that although it comes near to being the fact would not
be quite true. But we deem it very encouraging because
nearly
at the expense of the property, for we see that
the combined total of the commodities covered is almost
$60,000 more was spent in 1889 than in 1888 under the as large as the largest since July 1 and yet cotton
heads of motive power, car and roadway. The traffic of the exports are 30,000 bales smaller than in 1888, and also
road is being steadily enlarged, and 111 million tons of because each of the other items included is in excess of
freight were carried one mile in the last six months,
the previous year's total for the same item.
against only 97 million in 1888.
These features indicate great vitality in our shipments
The stock market this week has been unsettled and of produce this year, and afford excellent promise for
irregular, with a tendency towards lower prices most of
our foreign trade movement during future months. It
There have been some further reductions in
the time.
will be remembered that the unfavorable inference from
passenger rates between St. Paul and Chicago, and the
previous similar statements has been that though the
Chicago & Alton is determined to put into eflect its
shipments were very large the increased outflow was
12^ cent rate on cattle from Kansas City to Chicago, but almost wholly due to cotton, and so far as the excess
otherwise there have been few developments of moment.
was due to cotton it was mainly an anticipation of subEeading affairs of course have absorbed considerable
sequent months' movement and would in good part
attention; with the announcement, however, of the
have to be deducted from the movement after the first
success of the present management most of the
of January.
Now we have a month when cotton has
exerted
by that property on
influence
special
figured for a less amount than for the corresponding
The coal shares as
the general market was removed.
period of 1888, and yet the aggregate is almost equal to
a class have tended downwards. There was a meeting
the largest of the large monthly aggregate reported since
here this week of the Inter-State Kailway Association,
July 1, while the increase in the total over December a
at which a committee was appointed to prepare a reTo put the situyear ago is nearly 7-^ million dollars.
vised plan of organization, with a view to securing the
ation for the closing six months of 1889 clearly before
most satisfactory results, after which the meeting adthe reader, we have prepared the following statement,
journed subject to the call of the committee. Chairgiving each of these items of export separately for each
man Walker made his report, holding that the Union
month of the two vears.
Pacific-Northwest compact was in violation of fthe
Total.
Oils.
Co' ton.
Breadst'ffg Provisions
rules of the association, but no action in regard to it
was taken by the meeting, and it is not thought that
1889
600,906
2,946,310 32,297,846
9,806,945 14,943,685
the matter will have much effect on the railway situ- July
431,464
3,517,835 37,310,481
August 13,362,776' 13,998,406
Railroad managers are Sept
ation, one way or the other.
578,668 17,907,778 43,909,139
9,864,800 11,557,893
916,794 45,348,540 74,458,729
not in position, nor are they inclined, to engage in any October. 11,494,073 12,699,322
Statistics.

because

it

.

general

Nov

strife.

The following statement, made up from*retums
shows the week's receipts and shipments
gold by the New York banks.
and
of currency
collected

by

us,

Total

Wttk MuHn* Jan.

Received by

17, 1890.

Bold
Total Kold and legal tenders.

the.

Shipped hy

Net Interim

N. T. Banks N. r. Bankt.

.

.

ilovetnent.

»1,085.000
800.000

»1,875,000
600,000

Gain.

$610,000

OSS.

300,000

13,285,000

$1,975,000

Gain.

t

Sub-Treasury operations, the result

Wtek endtno Jan.

Into BanTa.

17, 1890.

$310,000

is

:

Bank Holdirvis

Banks Interior Movement, as above

12,283,000
14,300,000

11,800,000

Gain. $810,000
Gain. 2,500,0(0

Total gold and legal tenders.

il6,585,000

$13,775,000

Gain. $a,810,0C0

. .

Bullion holdings of European banks.
Janunn,

Janijai-i/18, 1890.

17, 1889.

Bankt Of
Sol<t.

Sttvtr.

Bngland.

18.653.374

18.658,374

France

50,036,813 40.570,000
84,2i9,333;i2,U4,B67
6,435,000 18,300.000
6,060.000! 8.025.000

4.227.000

Qerman;*.,..

ust.-Hung'y
Netherlands..
Hat.Belgluni*

8,818.000

1,409,000

2ocu

Total.

£

£

]r~

£
20.818,449

...

80,818.449

47,555,038
41,925,6761

73,380,166
74,449,727

1888.
7,904,452 9,771,937
12,106,726 9,334,059
12,758,169 7,805,572'
Sept
October. 11,704,940 7,535,277
8,264,389 6,947,631!
Nov
'10,242,778 10,657,18li
Dec
.

4,143,042
4,824,139
4,002,374
4,937,876
4,361,0371
3,565,7691

5,447,016
2,853,327
8,999,288
31,632,519
38,929,210
42,579,617|

27,266,447
29,118,251
33.565,403
55,810,612
58,502,267
67,045,345

Total ..62,981,454 52,051,657 25,834,2371 130,440,977i 271,308,325

totals

throw light upon the inquiry suggested

above, and which we remarked upon last month (Dec.
28), whether this year's larger movement is due to larger

crop surpluses or whether we are exhausting our supfor export by anticipating in one month the

plies

exports which in ordinary years would be distributed
through later months. The importance of this inquiry,
as we have heretofore pointed out, is in its bearing on
Take cotton for
the trade of the coming six months.
We have now on the first of January, acillustration.

99,606,312

30,937,000]49,010,000

88.947,000

36,344.00(1

29,816,000 14,673.000

44.019.'XJ.)

»1,735.000
11,085.000

6,9 .'0,000 15,591.00;:

21.514.000

6,090,000

7.423.001,

W.Sli.lOO

since Sept. 1 (the beginning of the crop year), of 3,069,-

2,478,000

1,236.00,

8,709.00vl

071 bales, against a total for the same four months of
1888 of 2,490,773 bales, that is, an increase of 578,298
Will the exports of the current crop after Janbales.

Tot.thlsweek 106,237,019 88,418,867 191,665.688 103.684.449 87,935,000 191.510.443
Tot.prev.Wk. 106.228.523 85,482,667 191,708,190 102.751,698 87,581.667 190.333.365

The division (between gold and silrer) Klven In our table o( coin and
bullion In the Bank of Oennany and the Bank o£ Belgium Is made from
the best estimat:i we are able to obtain; in neither case is it claimed to
be acourato, as those banks make no distiuotiou in their weekly reports,
merely rejiortinj; the total gold and silver, but we believe the division
we make la a close approximation.
Note. We leccive the foregoiuK results weekly byeable, and while not
aU of the date given at the head of the coluum, they are the returns
iasaed nearest to that date— that Is, the latest reported figures.

—

184,196
493,776

68,649,343 78,749,764 29,205,804 159,201,177 335,806,088

These

Outof BanTa. Net Chame in
H.975,000

.

10,053,430 11,587,502
14,067,319 13,962,956

July.....

August

With

,

Dec

cording to the

Government

figures,

a

total

export

uary 1 be as large as they were after January 1 in
1889 ? The evident answer is that they cannot be,
unless the crop is larger in the amount of 578,298
bales than the last one ; and furthermore even if that.

Janttart

18, lt«0

THE CHRONICLR

]

be the case, the exports are not likely to equal the
addition, unless the world's consumption has increased
or is likely to increase in the same amount.

Without determining the
yield

of

cotton,

it

is

extent

sufficient

of

year's

this

therefore

to

say

ments on
and third

8S

—

three grades of incomes

all

—could hardly have

first,

been deemed

second

among

the

probabilities of the early future at the time of the recent

When, during its embarrassment, the
present head of the concern was placed in charge of the
property, and was able to present such a wonderfully
reorganization.

whatever the size of our
need or to take more favorable showing for the year 1887 as the result of his
than 400,000 bales of ordinary weight in excess of last administration net earnings of the combined compayear.
Hence it follows that future exports of cotton nies in that year being stated $12,430,054; when subsethe next six months, or say during the remainder of quently (in May, 1888,) the new general mortgage bonds
the crop year, will be smaller than in the corresponding were so successfully floated on the statement that the total
months of 1889. Last year's cotton exports were 4,74"^,- obligatory annual charges (including the new fours to
745 bales, and since according to the Government be put out)for interest, rentals, &c., for the two comfigures the shipments previous to January 1 were panies, would be only about $8,000,000, as against the
2,490,773 bales, the shipments after that date must 12^ millions net earnings for 1887 at that period who
Applying these data to the could have supposed that within two years there would
have been 2,251,972.
current year's movement, and calling the shipments come an annual statement showing barely enough
from this crop to all foreign ports at a maximum 400,000 earned to meet the obligatory charges, to say nothing
And yet that is the
bales more than in 1888-89, or a total of 5,142,745 bales, of interest on the incomes.
that

crop,

foreign
are

spinners,

not

likely

to

—

—

would be left for export during subsequent situation to-day. The contrast in the matter of net
months 2,07-3,674 bales, or 178,298 bales less than a earnings between 1889 and 1887 is so very striking that
year ago, which at $50 a bale would decrease our we have prepared the following statement to bring it
Figures are added to show the changes in the
exports the remaining months nearly nine million out.
passenger, merchandise and coal traffic in the same
dollars.
But that total covers the only item of export among interval.
these leading articles which is likely to be less.
Wheat
YEAii En-ding Nov. 30.
1888.
1887.
the next six months will undoubtedly be larger, corn
lUMroad Companit—
$
$
20.637,376
20,816,387
21.7«2,928
will be larger, and so will provisions.
In fact, every
Gross earnings
Bipenses
12.896,706
11,166,908
10.781.368
item coming under the head of provisions is for DeNet earnings
8,140,670
10,981,671
8,610,838
cember in quantity materially in excess of a year ago, and Coal A Iron Covtpanu—
there

.

,

'

I

I

j

although prices are lower,tlie values of all but one article
are more, while in the aggregate the values for the six
months of every item show a decided increase. JVith our
abundant com crop of the current season, the provision
exports are pretty sure, to continue on a free scale.
Altogether, therefore, the foreign trade outlook during
coming months is for the moment better than could
have been anticipated a short time back.
Probably next week we shall have the full December
foreign trade statement. On a subsequent page we give
to-day the complete movement at the port of New York
for December. That exhibit shows the exports to be about
3^ million dollars larger than in December, 1888, and the
imports about 1 million dollars larger. These figures
would encourage the- idea that the balance of trade for

Gross earnings

Kipenses

Net earnings
Both C<nnpfniif.t~
Gross earnings
Expenses

Net earnings.,
Passengers carried

Tons (of 2.240 lbs. of coal carried
Tons (of 2,000 lbs.) merchandise carried
Tons (of 2.SiO lbs.) of coal produced
)

.

Thus

17,818,226
17,860,076

18,823,663

19,426.806

18,706,008

17,977.826

\det. 147,850

28,060

1.448,483

38,866,602

38,638,990

30,362,782

28,861,002

41,188,787
28,768.683

7,982,820

9,677,988

12,430,064

No.

No.

A'o.

16,883,717

16,976,838

15.678,715

».313,678

10,112,448

8,628,770

3,447,404

7.867.787

8,169,688

6.732.486

6,901,497

j

.

against nearly 12^ millions net in 1887, the com-

bined companies in 1889 had a total of not quite eight
million dollars, being a falling off of almost 4^ millions.

There is one large item of expense separately mentioned
this time in the income* statement, namely "debit
balance profit and loss. State taxes, etc., $728,750."
We supposed at first that this item might be special
December will net about 32 million dollars in favor of and exceptional, explaining to that extent the present
the United States, making the favorable balance for the less favorable result.
We have not been able wholly to
six months ending with Jan. 1st very nearly 95 million satisfy ourselves on that point, since the pamphlet report
of dollars, against 47J millions last year.

company for 1889, containing details as to operahas not yet been issued. Looking back to 1888
however we find the following items: Debit balance of
profit and loss, $186,283; State tax on gross receipts,
of the
tions,

COURSE OF READING INCOME.
The Philadelphia & Reading Railroad Company has
experienced many reverses in the course of its eventful

$85,283; State tax on capital stock, $54,414; State,

county and city taxes on property, $126,914. The
more aggregate of these four items would be $452,894, and
wonderful or sudden than the great change which has for 1887 the aggregate of the same items is $496,240.
occurred in the income of the property during the last Unless therefore "debit balance profit and loss. State
two years, as indicated by the official reports of the taxes, etc." for 1889 comprehends something quite
company. On the basis of the figures for 1889, now different from what it would seem to imply in comsubmitted, there certainly can be no question as to parison with other years, we are not helped much in
paying any dividends on the preference income bonds. our investigation by considering it.
The accounts, as stated, show that nothing was earned
It is known that the Reading has suffered from some
for these bonds.
Hence to make a payment on them special adverse influences, particularly the great strike
would be unwarrantable.
of its miners and the exceptional floods in Pennsylvania
The fact needs hardly to be stated that among all which led to the Conemaugh disaster. But these two
history, but

there

is

hardly any

among

these

company's security holders there is disap- events, it is well to bear in mind, did not both occur in
pointment- at such an onicome. And the disappoint- the same year. While the miners' strike came early in
ment is the more keen since a falling off in earnings to 1888, damage from the Pennsylvania floods did not
the extent necessitating a complete suspension of pay- result till June, 1889.
Hence, im making a comparison

classes of the

THE CHRONICLR

8ft

between the fiscal years 1889 and 1887, and seeking to
account for the decrease of 4^ millions in net earnings,
cononly the loss from the floods has to be taken into
of
possible
estimate
largest
the
Accepting
sideration.
for
account
obviously
would
it
loss,
that
of
the extent
deonly a very small part of the entire ii millions
furthermore, wo find on an examination of
crease,
statements that the decrease has pro-

the monthly
ceeded, month by month, without

The

fVou L,

results of operations for the

Delaware

& Hudson

fully bore out this favorable statement, for the gross

company were 116,013,867 in 1886, $19,602,644 in 1887 and $20,739,180 in 1888, while the net
stood at $4,591,013, $6,214,074 and $6,684,470 respectThe Lackawanna's earnings
ively in the three years.

receipts of the

followed the same course, gross being $33,342,865 in
1886, $39,845,857 in 1887 and $43,232,423 in 1888, and

much regard to the net $7,334,403 for 1886, $8,341,796 for 1887 and
showing $8,718,682 for 1888. The contrast between these favorstatement
Here is a
either strikes or floods.
the able results and the loss of $1,550,000 gross and $2,both
for
income
net
the comparative changes in
month
for
each
752,000 net by the Eeading (combined companies) in
Company
Iron
&
Eailroad and the Coal
that
saying
by
the
year 1888, is certainly noteworthy.
premise
will
We
1888.
since January 1,
the
taken
have
It
is well to remember, too, that the outcome of the
we
gain
loss
or
the
calculating

in

monthly exhibits just as issued by the company—in the coal trade during 1889 was unsatisfactory chiefly by
results in the year
old and complete form up to April, 1889, and in the comparison with the very prosperous
as we have
Reading,
prosperity
the
preceding, in which
new form since then.
LOSS

OB OAIN

DJ

NBT ISOOME XS COMPARED WITH PRBSTOUS TEAR.
Coal

Rattroad Compnnif
Net Earnings^

Fhiladklphia
& Rkading.

*

Iron Compani/

Net Earnings.
188a

1888.

%

Gain.
Gain.
Lobs.
Loss.
Loss.
Loss.
Gain.
Loss.
Loss.
Loss.
Loss.

January
February...

Marcb
April

May
Jane..v
July

August
September..
October

November
December

625,066 Gain.
184,637'lom. 376,730 Loss.
161,138 Lobs. 272,716 Loss.
,S1,879
317,535 Loss.
36,119
210,161 Loss.
19,121
176.503 Gain.
38,138
38,781 Gain.
65,789
11,877 Loss.
80,103
70,168 Loss.
103,172 Gain.
39,701
109,031 Loss.
38,833
Loss. 166,987
632,972

91,101 Loss.

197,382
131,020

191,833 Loss.

41,910

20,015 Loss.

.

81,176
Gain.
2,805
Loss.
6,999
Gain.
30,195
Lobs.
Loss. 191,600
Loss. 217,830
Lobs. 211,616
Loss. 127,898
Loss. 205,716

The

demonstrated, did not share.

total anthracite out-

put for 1889 by all the producers was about 2i million
tons less
than for 1888, but it was 766,000
tons greater than for
1887, in which year the
Reading earned such a large amount net. Prices also,
we should judge, though lower than for 1888, must
have averaged (taking the year as a whole) about as well
Notwithstanding the larger total production for 1889 as compared with 1887, the Reading

as for that year.

did not carry quite as

The

much

however,
hardly more than 3 per cent
falling

off,

is

coal as in earlier year.

comparatively small

—the coal tonnage for 1889

being 9,313,579 tons against 9,638,770 tons for 1887,
and in the meantime the general merchandise traffic
We see from this that while during the strike months has increased from 8,169,683 to 8,447,404 tons, and the
January and February, 1888 the falling off was ex- number of passengers carried from 15,678,715 to
ceptionally heavy, there were only three months after 16,883,71*7.
Comparing, therefore, 1889 with 1887,
that in the whole of 1888 when there was not a loss on there is nothing in that circumstance to account for
Calendar Year

LOS8.1,600,995

Loss. 1.686,862

I

—

—

the Eailroad and only two months when there was not the loss of 4^^ millions in net earnings in the two
a loss on the Coal & Iron Company, For 1889 the years,
Eailroad shows a gain for January and February (in
Quite a remarkable fact in connection with the
which months the comparison is with the strike period decline in net income, is the heavy increase in expenses
in 1888), but a loss in every month after that except concurrently with a large diminution in gross receipts.
July; the Coal & Iron Company did not even do as Thus while the gross receipts between 1887 and 1889
well as that, having gained only in January, and lost in declined $3,833,000, the expenses at the same time were
February and March ; for the months since March no augmented $1,604,000. This would seem to sustain
figures have been given out for the Goal Company.
In the claim of heavy expenditures on account of improvethe annual report before us, considerable stress is laid ments and betterments, even after allowing some-

Upon the adverse

effects

floods will not account

Eailroad

Company

and the $216,161

in

of

for

the

floods.

March, the $317,535

loss in

May

But these thing

the 1154,138 loss by the

—

all

loss in April

before the floods and

in each case after losses in the corresponding

for

extra

expenses on account of the floods.

report dwells on that feature,

reason of

many

months sums

in 1888.

Of

The

its financial

difficulties

and

says that by

the railroad had for

years been deprived of the expenditure of such
as

were required to keep

It also states that

it

in proper condition.

while improvements were made, no

course, the state of the anthracite coal trade dur-

more money was spent than was absolutely necessary to
than during 1888, a proper standard for economical operation, and to
and as is
fortunes of the Reading vary more bring the properties up " to the average condition of
or less according to the conditioix of that trade.
But " first-class American railroads." The only thing diffias we see, the Reading lost heavily even in 1888 cult to understand is, why it should cost so much more
when the other roads were doing so well. The reason to bring the property up to the "average condition of
commonly given for this exception to the rule has been "first-class American railroads " in 1889 than in 1887,
the miners' strike. The statement above, however, has
But whatever the cause, it is a fact that the
made it evident that that explanation will answer only net income of 1889 is about the lowest for the whole
in part, since the losses continued even after the strike
The following will make this clear.
decade.

much
known the

ing 1889 was

less satisfactory

—

in the months when the demand for coal was active
and prices high. Referring to the condition of the coal

trade during 1888, President Olyphant of the Delaware &
his report for that year, stated that

Hudson in opening

COMBINED KET OP RAILROAD AND COAL A IRON COMPANT.
1880
$8,861,138 1881
$8,950,554
7,926,304
1881
10,051.888 18-5
1882
10,647,770 1886
7,335,603
1883
11,8. 5,1 SI 1887
12,430,054
Average net earnings of combined companies for eight
years preceding 1888
$9,757,311
9.677,988
Net earnings for Uscal year 1888
"
"
"
7,992,820
1889

1888 marked the largest output of coal in the history of
the anthracite industry. During the active season of the
year, he said, the various companies were taxed to their
The total is but little better than for 1886 and 1885,
Utmost capacity to supply the consumptive demand. when,
because of the receivership, matters went from

Janoaky

THE CHIIONICLK

18, 18J0.]

87

bad to worse, and when the general expectation was that
THF ANGLO-PORTUGUESE DIFFICULTY.
with reorganization under an efficient management
IN NYA8SALAND.
much better results would be secured. The ayerago
the
years
for
companies
8
According
to
all our latest accounts Portugal is in a
combined
the
net earnings of
for
were
and
1888
state
of
great
perplexity
and excitement over the snub*
were
$9,757,311,
1888
preceding
For 1889 the total of the two companies bing she has received at the hands of Lord Salisbury.
$9,677,988.
It is always humiliating to back down from any positioa
is $7,992,830.
There has been some discussion of the Reading's which we may have taken. It is the more humiliating
relations with the Jersey Central, and the report natur- when in our attempts to maintain that position we have
AVe are told been tempted to manifest an unnecessarily bumptious
ally seeks to throw light on the subject.
Portugal has most undoubtedly been subjected
that the whole amount of freights paid by the Read- spirit.
It is just as eri*
ing to the Jersey Central upon anthracite tonnage dur- to very considerable humiliation.
But the
ing 1889 was but $209,373. Furthermore, that no dent that she feels sore under the infliction.
change whatever has been made in the division of earn- only comfort which can be extended the Portuguese in
ings on traffic interchanged with the Central, and that the premises is that they have brought the present
the present basis of division is the same as prevailed trouble on themselves. They are reaping what they
prior to and during the time when the property was sowed; and they must submit.
disposes
Apart altogether from the right or wrong of the quesThis
of that
leased to the Reading.
ijuestion of course, but makes it still more important tion between the two Powers, there were good reasons
to know the source of the prosperity of the Central at a on the very face of things why Portugal should not
time when results on the Reading have been growing have allowed herself to drift into a difficulty with EngThe two properties have always been gland. She has found no such friend on the continent
steadily poorer.
It is to the influence and the continued
closely linked together, and the fortunes of the one of Europe.
have fluctuated pretty much as those of the other. protection of England that she owes her present indeDuring the period of the Reading's last financial diffi- pendence as a kingdom. English blood was freely shed
Since then an impor- to deliver her from the yoke of Napoleon in the earlier
culties, both were in the dumps.
The course of affairs with years of the century English ships have since protecttant change has occurred.
the Central is well illustrated in the following.
We ed her coasts and English gold has saved her from
;

;

should say that for 1889 only the figures for eleven bankruptcy. It is never wise either for individuals
months have yet been published ; to get the results for or nations recklessly to fling away friends ; and it was
the full year we have taken December the same as in certainly not a judicious method of courting the continued friendship of England not only to assume an
1888.
Central 0/ y. J.
1888.
1887.
1889.
1886.
attitude of ungrateful indifference, but to deliberately
Gross earnings. '$13,302,999

Kxpenses

*7,464,811

Ket earnings. «$5,898,188

$13,177,473 $11,424,675 $10,742,891
7,204,068
6,425,773
6,284,098
$5,973,405

Made up on tbo basis of actual results
December taken the same as iu 1888.
*

$4,998,902

$4,458,703

for the eleven months, with

Looking to see where these heavy gains have come
from, we find them almost entirely in the coal traffic.

The earnings from coal were $5,183,590 in 1886,
$5,632,739 in 1887 and $7,500,653 in 1888.
The gain
between 1886 and 1888
between
the
same
a;bove,

it

is

$2,318,063.

is

years,

$2,434,582.

In

total earnings

according

For the

to

the

months

eleven

however, there has been
1889,
a decrease
$216,358 in the coal earnings. The company
has been allowed to mine greatly increased amounts of

of
of

coal.

The

position of

it

and the Reading in

this re-

indicated in the subjoined table.
The figures
cover the nine months ending September 30, because
none other have been published.
ANTHRAOITB COAL PaODUCTION NINE MONTHS ENDING SEPT. 30.

spect

is

1889.

1888.

1887.

Tom.

T'.JIS.

Tonn,

5,090,916
4,294,705

4,951,677
4,120,521

5,366,256
3,652,048

Total anthracite production. 25,587,287

27,535,613

25,001,448

Philadelphia & Beading
Oontral of Now Jersey

Comparing 1889 with 1887 the Reading's output has
diminished 275,340 tons, while that of the Jersey Cenhas increased 643,657 tons. In the present Reading report it is stated that during the period of the

tral

was operated by the Reading at an
average annual loss of $1,123,092.
What a complete
transformation has occurred since then is evident from
lease the Central

the fact that in a recently published advertisement of
the Jersey Cantral Company it was stated that the net
surplus revenues of the company over all operating
expenses, taxes, extraordinary repairs and fixed charges
during the past three years had amounted to 38 per
cent upon the capital stock of 18^ million dollars.

provoke her hostility.

There is, however, a right and a wrong in the case,
and the more we are put in possession of the actual facts,
the more clear does it become that the right is not with,
but against, Portugal. Complicated as the general
question has become, it yet admits of easy explanation.
It is conceded that as far back as four hundred years
the Portuguese had made the acquaintance of a large
It
part of the African coast, west and south and east.
is not admitted that any large part of any section of
Africa was ever permanently occupied by the Portuguese.
Expeditions do not always mean conquest; nor
does the planting of a landmark here and there
over many thousands of miles of territory mean
occupation.
On some parts of the coast the
Portuguese have lingered.
In the interior, however, and especially in that part of the interior regarding which the present trouble has arisen, their presence
and their influence have been equally unknown for
centuries.
If the Portuguese ever had a claim, which
is

not admitted, that claim has long since perished.

It

was only when Great Britain and Germany began in.
these last few years to do some practical work for themselves and for Africa, that Portugal discovered and asserted her enormous and pretentious claims.
She had
done nothing for Africa for four hundred years ; and
when others, who were able and willing to do something, were taking action, sho must stand in the way.
This is the outside or surface view of the question.
To get at the immediate cause of the present difficulty, we must approach more closely to facts and to
certain recent events.
It is now some twenty months
since the British Government proclaimed as within her
influence a large part of territory on the Zambesi and

running northward and westward along the borders of
Lake Nyassa. This territory had hitherto been un-

THE CH liO.MCJ.il,

bS

Portugal made no protest against this British
It was not long, howclaim, nor did any other power.
disposition
obstructive
her
ever, until rortiigal showed
conunder
then
Kailroad,
Bay
Delagoa
by seizing the
claimed.

I

Vol. r.

not only become a happy and prosperous religious cen-

but a source of outgoing power for the good of

tre,

Africa.

When the case is thus stated, it is seen how difficult
it
over
to
was
for Lord Salisbury to do other than he has done.
it
handing
and
British
company,
by
a
struction
Later, towards the end of last Not to have acted promptly, and to have acted other
a Portuguese company.
year, a royal charter was granted to an organization than firmly, would have brought the British power into
South-African Company, with contempt. Portugal must make the best of the bed she
British
called the
and Mr. 11. has prepared for herself. It is only to be hoped that
H. Johnstone in the capacity of consul was sent into order will be restored and maintained in Nyassalarid
the interior, along the Zambesi and up the Shire River, generally, and the missions on the Upper Shire will not
and being received gladly by the people, he distributed permanently suffer.
a

title

to all the

above-named territory

;

amongst them some British flags. On his return to the
coast he made known where he had been, what he had
Among those to
done, and bow he had been received.
whom this communication was made was the Portuguese representative at Mozambique, Major Serpa
Pinto. Mr. Johnstone had to go North, and no sooner
was he out of the way than Major Pinto, with 2,000
men, Zulus and others, armed with Gatling guns,
Chassepots and Martinis, in a stern-wheel steamer,
sailed up the Shire River, and mowed down the poor
people on the banks of the Upper Shire in the most
unmerciful manner, for no other reason than that they
preferred the British flag to that of Portugal a Power
Not contented with the
of which they knew nothing.
havoc he had produced, he wrote to all the British residents, missionaries included, at Blantyre, Zomba, and

NET EARNINGS FOR NOVEMBER.
the comparison of net earnings for Novemnot quite so good as in some of the best of pre-

Though
ber

is

vious months, the statement

and

is

yet a very favorable one,

fully in keeping with the general character of the

through the year 1889. The gain in net
month in 1888 reaches 12,731,814.
While this is much below the exceptional amounts of
some other months, it is to be noted that the gain in
gross earnings is maintained at comparatively high
figures, reaching about 4| million dollars ($4,645,148)
on the 107 roads included in our statement. In
both October and August the increase in gross on the
roads in the net earnings statement amounted to a trifle
over five million dollars, but with those exceptions the
commanding submission to Portuguese
extent of the November gain is the best of any month
returns

all

over the same

—

other villages,

authority, and threatening consequences.

The conduct

The

of the year.

Major Serpa Pinto, unpardonable in
the net
any circumstances, is rendered especially shocking when
of

is

fact, therefore, that the addition to

smaller than in some former months,

is

to be

attributed chiefly to a greater augmentation in expenses,

these poor people are among whom he
presumably because, encouraged by the good prospects,
appeared as a fiend of destruction. An intelligent corrailroad managers no longer feel it incumbent upon
respondent of the London Times, familiar with the
them to practice the same rigid economy as before. The
country and the people, reminds us that the Upper
following shows the aggregates both for November and
Shire or Shire Highlands, as the region is named,
the eleven months.
is
largely occupied by Livingston's companions or
Every one
their descendants, his faithful Makololo.
Jan. 1 t« Nov. SO.
Kovtmber.

we consider who

who has read Livingstone's narrative of his great
journey across Africa to Angola, and his return down
the Zambesi to the Indian Ocean, will remember his

(98 roada.)

(107 roadi.)
1888.

Incrtau.

1889.

$

%

%

*

53,676,664

49,030,506

1889.

Gross eam's

1888,

1

Intreme.

4,64.M48 519,046,118 484,149,850 34,896,288

account of his parting from those people at Tete, on tlie Oper. exp. 33,916,947 32,032,613 1,913,334 339,451,066 329,071,490; 10,379,576
Lower Zambesi. He met them again by appointment Net eam's 19,729,707 16,997,893 2,731,814 179,595,052|l55,078,380' 31,516,692
There were special reasons for expecting a good
in 1858, to take them back, as he had promised, to
their own homes.
The meeting was as joyous as the statement for November. In the conditions which preparting had been
sad.
Some of the Makololo vailed, the month in 1888 was an especially poor one.
were unwilling to return to the swamps of the Lin- Our statement then covered 76 roads, and exhibited a
But that
yanti, preferring the richer land which runs from Lake loss of 1497,512 gross and $1,413,068 net.
Nyassa to the Zambesi; and so they settled, with Liv- hardly conveys a full idea of the unfavorable
.

.

Nonature of the influences at that time at work.
vember, 1888, was the month when the New York
native inhabitants of the place welcoming them and in- Central made its cut in west-bound freight rates, and
viting them to rule over them and protect them from when railroad tariffs were demoralized nearly all over the
their enemies.
Among these people Livingston's in- country; it was the month of the Presidential election,
fluence still survives.
AVith slavery and slave hunting when business was disturbed on that account and when
they will have nothing to do.
The common salutation trade affairs were at rather a low ebb anyway it was
ingston's blessing, on the

the district between the

right

bank

Ruo and

of

the Shire, in

the cataracts, the

;

all

over the country are the two English words,

"good

alsp a

month when

there was a smaller cotton move-

morning." These are the people upon whom Major ment in the South, and a smaller grain and provisions
Serpa Pinto opened his murderous lire people who and live stock movement in the West. In all these rebad asked and obtained the protection of the flag of spects the month in 1889 offered a sharp contrast to
England, and whose names are inseparably linked with that of the year preceding. Trade was very active
that of the great missionary whose memory will be exceptionally so and railroad facilities were fully emcherished and held in honor so long as African mis- ployed. The rate situation was on the whole satisfacAt the
sions and African exploration shall command human tory certainly decidedly better than in 1888.

—

—

—

In those Shire-Highlands the Church of same time, tliere was a larger cotton movement, and at
Scotland (established) and the Free Church of Scotland the Western interior markets, also enlarged arrivals of
have long carried on extensive and prosperous missions; grain, provisions and live stock, though as far as grain
and it has long been the belief that this region would is concerned the gain occurred chiefly at the Northattention.

Januaby

THE CHRONlCUi.

IbtO.j

18,

89

western spring wheat markets, particularly Duluth and

already referred to the large gains by the Pennsylvania

Minneapolis.

and the Baltimore & Ohio.

As

a result of these generally favorable conditions, it
found that the increase in net is pretty well dis-

is

In addition the Wabash

reports $124,467 gain, the Cleveland Cincinnati Chicago

&

St Louis $80,870 gain, the Ohio

&

Mississippi $80,223

Out of the 107 roads in- gain and the Erie $89,890 gain. In fact all the roads
cluded in our statement, 26 show a decrease, but outside in that group, barring only one of the minor lines in
of the anthracite coal roads and the Denver Texas & the Grand Trunk of Canada system, show improved net
Fort Worth, which for 18 days suffered from a snow for the month as also for the eleven months. In the
tributed

all

over

tlie

country.

Middle Western section only the Flint

&

Pere Mar-

There are

blockade, the losses as a rule are not very important.
of course many large gains by individual

quette falls behind in the

roads, but none of such exceptionally heavy proportions

making the

were frequently noticed early in the year. The
Pennsylvania reports improved net of 1261,012 on its
Eastern system, and the Atchison system entire shows
$261,773 gain, while the Baltimore & Ohio (Eastern

Lake Erie & Western, the
Toledo Columbus & Cincinnati and the Toledo & Ohio

statement showed diminished net in the case of every
group except that composed of minor roads in the

$64,140.

as

&

Cleveland

November

best exhibits are

Canton,

The roads

net.

the Illinois Central, the

tlie

Central.

Northwestern roads, likewise, present a quite favorable
and Western lines combined) has $264,000 increase; but comparison. Two or three of these also had good
aside from these no other road has as much as $200,000 statements last year, though the group as a whole
The improvement on the St. Paul
Perhaps, however, the most satisfactory fea- showed a loss.
addition.
ture in the present statement, is that when the roads reaches $128,142 and on the Burlington & Quincy
The latter in November, 1888, lost as much
are arranged in groups or geographical divisions accord- $102,393.
On the Wisconsin Central the net has
ing to our usual method, every section shows an increase as $370,905.
both for the month and the eleven months, excepting increased from $104,495 to $191,928, on the "Soo"
the coal group, and in the gross even these latter re- road from $50,694 to $95,444, on the St Paul & Duluth
This is quite different from the from $15,494 to $30,178, a-nd on the Dubuque &
cord improvement.
result in the previous year, when for November our Sioux City (Illinois Central line) from $15,080 to

Eastern and Middle States.

Subjoined

St.

Paul

our present and the

is

On the other hand, in the case of the Chicago
& Kansas City, the Cedar Falls & Minnesota
Burlington & Northern, the net is not equal to

that for the

statement by groups.

same month

in 1888.

In the Southwestern

group, beside the gain by the Atchison, the Denver '& Eio
Oram JSomtngt.

Trunk

V

lines

r~

1

»

Middle Western... 10)
2.319,696
2,061,820
Northwestern
7.B51.861
(14)
7,012,622,
4,568,312'
Southwestern
4,110,180|
(9)
Pacific systems
(15) 11,34B,780| 10,791,056
Southern roads
6,676,-U.4j
(28)
5,747,888
Coal companies
(10)
3,980,148
3,977,462
Eastern & Middle.. (9j
1,599,104
1,476,688
882,78ll
Mexican roads
706,263
(2)

Jan. 1

Trunk

t

t
-1928,757

3.789,917

897,692

806.033
2,152,830

1,873,033
4.649,223

1,461,707

+ 421,326

4,122,730

+126,493
+480,398
-162,008
+56,197

2,568,946
1,434,957

2,088,548

491,434
302,101

435,237

+92,859
+410,811

1,587,056

264,836

+ 37,268

-I19,729,7071 16,007,893

+2,731,811

(10) 161,068,3711 142,808, 403

Middle Western.... (8)
Northwestern
(12)
Southwestern
(.S)
Pacific systems
(14)
Southern roads
(26)
(>>al companies
(10)
Eastern & Middle.. (8)

Mexican roads

20, 177,287

44,077,850
,439,815'
5,693,390

+-4,342,369

48,,420,209

17,691,,918

69,300,,448| 22,,800,347

14,677,176

41,449.7871 37,719,,»76[ 14,,070,706

10,741,175

110,531,114 108,013,810, 41,,854,131
62,70«,420 56,8t2.,232 '21,,228,731
41,006,889 10,767,,882' 15,,185,899

37,042,560
18.352,216
16.822,133

17,230,231

16,880,,087

,683.763

6,610,598

9,034,838

7,425,,262

,112,651

2,161,215

(2)

+

8.123,171

+3,829,631
+4,611,571
+2,876,188
—1,636,134

+72,107
+961,106

NOTE.— l.NCHTDKD UNDER THE HEAD OF—
Trunk Lines.
B. & o.. Kast or onio.
B. & O., We«t of Ohio.
Cler. cm. Chic. & St. L.

K. C.

Gulf Col. A

St. Louis.

N,'rfolk 4 Western.
Ohio Kiver.

A

Col.
Sa'ita

4

Nash. Chat.

Soathwe»tern.
Atchis 'H Top. A S. Fe.
St. L.

Petersburg.

l-'c.

Grand Trunk of Canaia. Denver it Ilio (yrande.
Richmond 4 nanville.
Chic. & Urand Trunk.
Den cr Texas A Ft. W,
Virginia Midlan,l.
Det. tir. Havea & Mil.
Uttie ituck A Memphis.*
(^har. Col. 4 Aug.
Ohio

A

&

West.

Misssissipi.

Pennsylvania.

Wabash

(consol. sjstem.)

Kio Grand-d Western.
Loais A San Fran,
A Aran. Pass.

j

Paclflc Sustems.

Oregon Improvem't Co.

Uocking Val. 4

Tol.'

Lake Brie A Western.

Toledo Col. A CIn.Toledo 4 Ohio Central.
Tol. A O. C. Extension.
Tol. Peoria 4 W.

Norfhwestern.

Cedar Falls A Minn.

Chic. Burl. A .Vorth.
Chic. Burl. A (Juincy.

Lines conlroiliid.
Chic. Mil. A St, Paul.
Ch'c. St. Paul A K. C.
City.

Iowa Centra'.

Prescott

Ash.

4

A W.

1).

Spar.

(Joorgia Paciftc.
jUich. .^ Petersburg.
IShentndoah Valley.
I

Pjiclflc.

iVortliern PaciUc.

A

San. Fran.

Wrightsv.

A

Tennille.*

Ariz. Cent.

A

North. Pac.'

Southern Cal.fornla.
So. Pac— Pac. System.
Gal. Har. A S. A.
Louis. Western.
Morffan's La.
N. Y. Tex.

A

T.

AM ex.

Texas A New Orleans.
Dnion Pacific, (3 roads)
Soutturn

linafjs.

Atlantic A I) inv."
Cape Fear A Yad. Val.
Central of Georgia.
Che.i. Sc Ohio.
Cne*. Ohio A Southwest.
Cin. .N. u. & Tex I'ac.

Keokuk A Western.
New Orl. 4 .Vortlieast.
Minn. A St. Louis.
Vick-burgiSt Merlflian.
Minn. St. Paul A S. 8. M.
Vicksburif Sh. 4 Pac.
Quincy Omaha A K. C.
Georgia RU. A Bkg; o.
St. Paul A Duiutb.'
Kentucky Central.
Wisconsin C ntral.'
Louisville 4 Nashville.
Louisv. N. Orl.
*

Greenville.

Wash.

Col.

Illinois Central.

4

West. North Carolina.

^an Ant.

Canadian

Det. Bay City A Alpena.
Flint A Pere Marquette.

Ciluinbia

St.

Middle Western.
Cleveland A Canton.

Dubuque A Siuux

St.

The Denver Texas & Fort Worth has
the reason already given

lost

$33,627 for

— the interruption

of business

by snow storms.

The character
a whole,

is

of the exhibits of the Pacific roads as

indicated by the increase of $135,456 on the

Canadian Pacific, $143,971 on the Northern Pacific and

4

Texas.

Ooal

Comvintes.

|Buir. Bocll.

A

Pitts.

•Central of New Jersey.
Phi la. 4 Reading.
Pltt^.
Plits.

Cleveland A Ti.l.
PaluesvilieA F.
A Western.

Pittsburg

Summit Hranch.

two of the roads having suffered a decrease.
Pacific system likewise reports reduced net,
but wholly by reason of heavier expenses. The San
Francisco & North Pacific has net for the month of
$20,279, against $4,987 in 18S8.
In the South there is a gain of $156,205 on the Louisville & Nashville, of $80,000 on the Chesapeake &
Ohio, of $61,985 on the Cincintftiti New Orleans &
Texas Pacific, of $52,650 on the Norf )lk & Western,
of $53,943 on the eight lines in the Richmond & Danville system (two of these eight having a loss), and of
$41,685 on the Louisville New Orleans & Texas. The
Central of Georgia and
the Georgia Railroad &
Banking Company
show reduced
net
becanse
of heavier expenses, but the other lines in the
Southern group which report a falling off are all minor
so well,

The Union

ones.

The

coal

group has done poorly, though there are
in the Western New York &

Lykens Valley.
Western N. Y. A Penn.

exceptions to the rule

Alleglieny Valley.

Pennsylvania, the West Virginia Central, the Pitts-

West VlrginliiOnt.
Kaatem & Mliiille.

A Potomac.
New York A Northern.*
N. Y. Ontario A West.
.Northern Central.
Knine Wiitertown A Ogd.
Baltimore

Camden A

Atlantic.

Staten Island.
VVest Jersey.
yfexlcan lioads.

Mexican Ceitral.
Mexican National.

burg & Western proper, and the Summit Branch
and Lykens Valley. On the Reading the loss reaches
over $100,000 and on the Central of New Jersey S54,523.
Of the Eastern and Middle roads, the Allegheny
Valley, the Baltimore & Potomac, and the Camden &

For the month only.

Atlantic, have sustained decreases, the rest gains.

The trunk

Mexican

of trade,

;

the Atlantic system of the latter, however, has not done

+1,816.125

j

65,760,828

OS roads.... '519,046,118 181,149.850 179,595.052 155,078,360 +24,616,692

N. Y. L. E.

reflects a very heavy improvement ($128,157).
Louis & San Francisco reports $36,974 increase
and the San Antonio & Aransas Pass $23,259 increase.

The

$182,161 by the Pacific system of the Southern Pacific

to Dec. 1.

lines

Total.

49,030,506

53,876,654

Ine.oT Dec.

2,893,644

1

Total, 107 roads...

1888.

4,718,874

11,751.6B5| 13,113,7671

(10)

Grande

Net Eaminga.
1889.

1888.

1889.

line roads, reflecting the general activity

have done about as well as any.

We

have them.

roads

report

improved

results,

The

both of

IHE CHRONICLR

90

London, Satiirday, January 4, 1890,
Although the Bank return issued at the end of last week
ought to have prejiared the market for what was coming,
e'veryone was taken by surprise by the rise in the Bank rate to
6 per cent on Monday morning. Monday was the last day but
one of the old year, and it was pay day on the Stock Ex"
change. It was generally expected, therefore, that the Directors of the Bank of England would do nothing to add to the
difficulties of operators, but would wait to see whether the
year would cause the foreign demand for gold to fall off.
further hoped that the great financial houses would
repeat what they did in October— that is, bring gold from St.
Petersburg or some other place. The Bank Directors, however, felt that the situation was too critical to allow of any
delay. They met, therefore, quite early on Monday (Thursday

new

was

;

the usual Board Day) and at once advanced their rate.
They further charged 7 per cent to all borrowers on Monday
and Tuesday, and where exceptionally large sums were asked

is

—

for they charged as much as 8 per cent. Unfortunately the
outeide market has not moved with the Bank. For a while
the rate of interest was between 5 and 6 per cent, but it has

—

fallen to 43^@5 per cent, and the discount rate, which at
the beginning of the week was quoted 5@ 5% per cent, has
Indeed, several of the great
fallen to 4i4@^4 Psr cent.
French and German banks are taking bills at a very trifling
fraction over 4 per cent.
During the five days from Friday morning to Wednesday
evening the outside market borrowed from the Bank over 6
millions sterling, but the borrowing would appear to have
been almost entirely precautionary, for the bankers' balances
at the Bank of England increased in the same time over 5^
millions sterling. The advances made by the Bank to the outside market before Christmas amounted to about 2}4 millions
sterling.
It would seem, therefore, that the outside market is
indebted to the Bank from '!}4 to ^/4 millions sterUng. The
Bank, on the other hand, has been borrowing from the
joint-stock and private banks in order to lessen the supply in
the outside market, and, further, it is to be recollected that at
the beginning of next week the Government will pay the
interest on the national debt, amounting to between four and
five millions sterling. It seems clear that the outside market
owes more to the Bank than is due to the market as interest
on the debt and repayment by the Bank. Hence it would not
be strange if next week the downward course in rates should
be checked. Meantime the shipments of gold have for the

now

moment stopped.

The Paris exchange upon London, which

about a week ago to 25-16, has risen again to 25-26. The
danger of shipments to Paris consequently is at an end, and
it is hoped that even a couple of millions may be obtained
from Paris. The Berlin demand, however, continues, and
there is a strong demand both for India and for New York in
the open market. It is at the moment profitable to send gold
from London to New York, but none has gone this week
except such as has been.bought in the open market.
The price of silver has risen this week to 44J^d. per oz., the
demand for India being very strong. The merchandise exports from India appear to have been larger last year than in
any previous year in the country's history. The latest figures
have not yet been received, but during the seven months from
April Ist to October 31st the value of the exports exceeded 55
crores of rupees, an increase of over 5 orores compared with
the corresponding period of the year before, or over 9 per
cent. The crore is nominally equal to a million sterling, but
really not much more than £700,000.
There was also a slight
increase in the value of the imports, but the excess of exports
over imports is so large that remittances to India are now of
extraordinary magnitude. There is a very strong demand for
India Council bills and transfers at better prices. Silver, too,
is going in large amoimts, and gold is' likewise being shipped
largely. Gold has also been remitted from China to India in
considerable amounts, and it is expected that silver will now
be shipped from the same country.
China imports large
qxiantities both of opium and of cotton yams from India
and
exports little thence. Formerly it used to settle its debt by
means of its exports of tea and silk to Great Britain, but the
shipments of tea are gradually falling off, Indian and Ceylon

fell

tea

bemg now much more

and though the price of

largely

silk

consumed

in this country

has risen, Chinese

silk

I/.

advanced much, the rise being chiefly in the European and
Japanese kinds.
The advance in the Bank rate has had much less inffuence
upon the stock markets than might have been expected.
Indeed, most of the slight fall eai-ly in the week has already
been recovered. Operators persist in believing that the stringency will prove very temporary, that rates will quickly
decline upon the Continent and in New York, that the Bank
of England will take the proper measures to increase its
reserve, that gold, therefore, will be attracted hither in the
requisite amounts, and that if artificial assistance is needed it
wiU be supphed by the great financial houses. Further, they
argue that trade is too good and too sound to allow of a monetary crisis that profits are, and for a long time will continue
to be, so large that investment will be on a heavy scale, and
the public will have plenty of money to speculate with; that
all industrial concerns will earn more even than in the past
year; and that these remarks apply not merely to the United
Kingdom, but to nearly every country in the world. The
courage of operators is sustained by the firmness of the New
York Stock Exchange, where abnoi-maUy high rates are
reported to have been charged in some cases 30, 40 and 45 per
cent and ytt the market has been wonderfully steady. There
has been exceedingly little doing all through the week in

[From our own correspondent.]

It

[Vol.

;

has not

American

railroad securities.

indeed, have been

The more cautious observers,

more

inclined to sell than to buy, but the
great majority prefer to wait. Fortunately, speculators for a
month or so before Christmas had been reducing their engage-

ments, and it would appear from the course of the last two
Stock Exhange settlements that the general public does not
now hold large amounts of stocks, the latter having gone to
an unusual extent into the hands of those who are able to take
them off the market. Another cause of confidence is the success with which the Berlin "liquidation" has been carried
through. Rates there were exceedingly stiff. The very best
borrowers were charged 8 and 9 per cent, and from 15 to 20
per cent was by no means an exceptional rate. Yet there
have been no failures of any consequence, and it is hoped now
that the stringency in money will gradually pass away, and
the market become firmer than before. The iron and coal
trades are exceedingly prosperous, and are said to have sufficient orders to keep them busy for a long time; but on the
other hand, strikes in the coal trade are still apprehended^
and the Imperial Bank is far from strong. Above all it is
known that the great financial houses over Europe have
entered into many engagements depending for their success
on the confidence of the public, and therefore operators contend that whatever may be necessary will be done to prevent
the London money market from being disturbed.
The revenue returns for the nine months to the end of
December are extremely satisfactory. The Chancellor of the
Exchequer has this financial year to transfer to the county
councils and other local authorities between S}4 and 3^^
millions sterling more than last year, but on the other hand
new taxes have been imposed estimated to yield about £1,100,The net increase in the transfer to the local authorities
000.
Allowing for
is thus somewhat over 2J^ millions sterling.
the transfers already made, and deducting the proportion of
new taxes received, that is to say, taking the same basis of
taxation for last year and this year, there is an increase in the
In the quarter on
revenue of about 2}^ millions sterling.
which we have now entered, the last of the financial year, the
proportion of revenue collected is much larger than in any
other quarter, and as the receipts have increased more in each
successive quarter than in the preceding, it does not seem unreasonable to assume that there will be a further augmentation of about a million sterling, giving a surplus over the estimp,ted revenue of about 3 mUlions sterling for the whole year.
There has been||a fresh rise this week in the price of Scotch
pig iron to almost 66 shillings per ton. Once more, therefore,
Scotch pig is decidedly higher than Middlesborough. The tone
of the market is very confident, and there are general predictions that the rise will continue for a considerable time to
come. Undoubtedly the consumption is exceptionally large,
and promises to remain so throughout the new year. But at
the same time the fact must not be overlooked that much of
the advance is the result of speculation.
The London Clearing Hotise returns for the past year confirm all the other evidence of the extraordinary prosperity of
total clearings for 1889 amount to £7,618,766,000,
the highest total ever yet recorded, showing an

trade.

The

which

is

January

18, 1880.

THE CHRONICLE.

J

increase of 676}^ millions sterling orer 1888, and of more than
1,5413^ millionB sterling in the past two years. The Manches-

same effect.
The wheat market continues quiet, with no notable change

ter returns are to the

The

money have been

rates for

t

DfK't
Joint
Stock

1

Fmr

Sir

Threi
Four
Six
Monthii Jfonths MoHtlu\sronthii Montkt tfontht
Tkret

S{

•

••

"

2; 6

3M.4

1,797,500

Latt uirtk.
1,681,500

207,000
345,500

270,000
397.500

on.

Oatl.

e4H!4 84^ 4 ®4«
4«(a<5<!4 «4«l4«e4ii'

i>av'

S
8
3

S«!^M
ax-sk

a. 8. 4 His of 1891
U. S. 4aotl907

8S«-3k

Canadian PaciHo

3

s« an

Ohio. Mil.

IXcember

Open
Market

Bank

Open

Hate.

Market

Open
Bonft
Bate. Ufarkf!

2 16-16

3
S

3

December

80.

18.

Ratet 0/

Bank
Bate.

p«ns
Berim

*H

Frankfort

Hambarff

Amsterdam

4^
iH

S
5

—

Bank

Open

Jtate.

Market

2«

3

4«

8
S
6
B

S«

m

8
5
5
5

iH

an

«)4

2«

tu
9

ft

5

5

iH
2M
8«
8H

4

4

Sfs

4

8>^

4

Madrid
Vienna

4

3H

4

3W

5

St. Petersburg..

6«

6«

6
6

4

S
e
4

6

CopenhEKen

5
a
4

8«
5«

4

5

4
B
4

4

4

4

The following return shows the

B

Bank

position of the

of

England, the Bank rate of discount, the price of consols, &o.,
compared with the last three years:
1800.

1889.

1888.

£

£

£

CHrculat ion
Public deposits
Other deposits

24,673,480

24,479,860

,807,745

6.101.862

6,378,657
20,538,460

,799,331

0,002.646

28.004,777

,407,338

28,945,781

Government

14.866,104

14,460,888

,243,230

17,931,81)6

27.810,287

securities

Other securities
Reserre
Coin and bullion
Prop, assets to
Banii rate
Consols

liabilities

. .

Clearing-Honsc return

Messrs. Pixley

1887.

£

29,301.102

,242,832

0,308,884

11,086,811

,656.469

10.220.6U

19,366,171

164,214

10,307,231

22,776.038

38

29K
6

SOJi

4

08M

180,982,000 183,453,000 161,836,000 169,583.000

& Abell write

on the

as follows

state of the

bullion market:
Gold.— Gold continues In demand, and the Bank has not bo far received any ot the arrivals. TIk; Baulc has sold £70,00a, ot which
£30,000i8for Lisbon, £-',000 for Rio and £18,000 for Pdris. The a rivals have been from Australia, iS 24,000; Natal, £20,000; New York,
£2,000 or a total of £40,000, Shipments liave been to Bombay,
£121,500.
Silver.— With hardening Indian exchanges, the demand for silver lias
been good, and tUeie bus been a gradual improvement to 44ied., which
we quote to-day. From New York we have received £212,000, and the
P. <s O. steamers have tuk<'n to Calcutta £10,000 and to Bombay
£467,000.
Mexican Dollars.-There have been few dealings in dollars since our
last; such business as ha« been done was at 43d. The arrivals have
been from Vera Cruz £54.000 and New York .£2,000, or a totai of
£56,000, and there have been shipped to the Siraits and Cbina £64,518.
The quotations tor bullion are reported as follows:
;

GOLD.
«.

Bar gold, Una.. ..01. 77
Bar gold, contaln'g
80dvts.sllver.ot.
Bpan.doubloons.os.
B.Am.doubloons.oc.

Dec. 24.

d.

>.

d.

9«

77

9«

77 ICK

77 10«

London Standard.

Jan.

Dec. 24.

2.

oz.

Bar silver, containing Bgrs. gold. oz.

(^ke silver
Mexican dolp

oz.

oz.

44«

43 17-16

Wheat
Barley
Oats
Teaa

Beans
Indian corn
Floor

7,2a2,251
4,986,129

8.279,231
6,118,174

515,235

712,199

1,282,460
89
5,698,014

7,697,551
5,423,919

10,0:iR,.

9•^6,818

120 >«
783g
71>4

St. Paul....

l.ouisvll'e

417«
97»,4
97».,
87-67 «a

9-&,«
9816 , 971,8
B7II,, 97 Tg
97»,«
977,,
87 -6718 87-65
87 62iii 87-47 •»
107
107>4
107 14
107
107
129
129
129M I2014 129
78-lj

79 »8

79\

79\

79 >g

71>«

71
123«s
I07»8

7038
12.1i«

70 >9
123
107 «i

123>«
107>«

717r
llO-li

110\
27

27

104
63 '4
761s

I04>ii

62%
7B>2

Northern PaciHo, pref..
fennsylvania
Philadelphia & Reading.

Wabanh,

tH.

44»i
97«.,

71!>8

NasbvUle..

Mexican Central 4s
N.Y. Central AHniison.
N. Y. Lake Erie & Wesfn
2(1 cius
do.
Norfolk *Wc»tcm,pret.

ThUTM.

44%

88 >«

107>«

&

Wtd.

44%

123 ><
108
89

123
r^ake Slioro

fuM.

44^

55

.tSaiB

89%
71%

89<>«

T\%

71 'g

'J>
xiO-i* 100
14

HI

109»4

27

2f's

2718

104

103%

103%

103>«

S2^
75%

63%
7iH
b*%

63%

63 «

7511,

76
55 ^

S3%

18s«

lnOs

6!:!ig

69 >«

33 J4

3;l»4

IS'rt

68 °e
83 14

iiri-f

107 1«
89

88H

70%

27

B3

18%

IS^fg

i?**
68%
32%

83

67>«

82*

—

National Banks.
The following national banks have
recently been organized:
4,192—The Noi;th< rn National Bank of Philadelphia, Pa. Onpltal $200,000. Edward T.Tysdn. I'resifbiit: Kdinu id K. Watson, Canhler.
4,193— Tbe Baliiuger National liank. Texas. Capital it^uO.uOO. David
P, Gay. Presldeut; Alberts. Iteed, Cashier.
4,191—The Stockmen's National Bank of Fort Benton, Montana. Capital $100,000.
John W. Power, President; Ohirlos E. Duer,
Cush or.
4,195-The West End National Bank of Washington, D. C. Capital,
$200,0(0. Wm. K Rlley.PreddeutCUas. P. Williams, Cashier.
4,196-The German Nati0n.1l Bauk ot OiUkosh, Wis. Capital, ^100,000.

R. C. Russell, President;

,

Cushlcr.

4,197— The First National Bank or Clyde. Ohio. CapiUI, $.^0,000.
George P. Huntley, President: Sanford .^L Terry, Oashier.
4,198— The Fiirst Natl )nal Bank of Braily, Te!ca.s. Capital, 050,000.
President: Mike L Wood-M, Cishior.
4,1»9—The Comuiereial National Bmk of Br.idfoid, Pa. Capital, 100,000. Robe. F. Birckman, Pre.-ld(nt; W. H Powers, Casuler.
4,200-The Big Sandy Natijnal Bank of Catiettsburg. Kv. Capital.
$60,000. Thomas R. Kroun, Pi-eKident; M II. tlou^iton, Caahier.
First National Bank of Middles >arou;;h, Ky. Capital, $50,000. M. C. Alford, President; T>. F. Frazee, Cashier.
4,202-The South End Nailuual Bank of Boston, iklaes. Capital, $200,000. John A. Pray, President; Frank N. Kobblus, Cashier.

4,201-The

Imports and Exports for the Week.— The imports of last
week, compared with those of the preceding week, show an
increase
in
both dry goods and general merchandise.
The total imports were §11,915,760, against $7,309,013 the
preceding week and fl8, 334,333 two weeks previous. The
exports for the week ended Jan. 14 amoimted to $7,ft59,38ft,
against $4,230,179 last week and $5,579,5.')2 two weeks previous.
The following are the imports at New York for the week
ending (for dry goods) Jan. 9 and for the week ending (for
general merchandise) Jan. 10; also totals since the beginning
of the first week in January.
rOEEION IMPOKTS AT NEW YOBK.

For Week.

1887.

Dry Goods
Gten'lmer'dlae..

1889.

1

»3.473,714
7,015,-96

5,857,576|

Total

Smee Jan.

1888.

1

$3,218,912

|

$3.56>,027,
5,567.97Sj

$9,076,518: $10,489,610

$9,133,005

$5,818,339
12.527,839

$6,938,6^1
14.183,074,

18V0.

$4,020,100
7,S95,660

$11,915,760

1.

Dry Goods

$5,669,1611

Sen'lmer'dlse..

12,005,408

$17,674,572' $18,346,178

$6,226,74.S

12,998,057

$21,126,755' $19,224,8i>3

The following is a statement of the exports (exclusive of
from the port of New York to foreim ports for the
week ending January 14 and from January 1 to date:

43

44 8-16

1887.

*'H

1887-8.
16,557,257
6,668,375
5,874 866
1,225,C07
796,270
7,617,569
6,261,392

1889.

188S.

43 ^<

1886-7.
16,357.587
8,727,2>'2

5,956,164
78.'),S04

1S90.

6,680,795

$5,792,487
8,203,137

$7,639,386
4,230,179

$11,630,642

$13,995,624

$11,889,565

$4.949,'*47

Pro?, reported..

$6,261,631
5,982,469

Cotal,2weeks..

$12,244,103

ror the week....

shows the exports and imports of specie
at the port of New York for the week ending January 11 and
since January 1, 1890, and for the corresponding periods in
1889 and 1888:
BXPOBTS ANU IMFUBTS OF SPBCIB AT MBW TOBK.

The following

table

830,340
7,758.768
5,061,977

Supplies available for consumption (exclusive of stocks on

September

961»,8
ft'Sis

f7-75
107'4

JTon.

EXPOKTS FROM NliW TOItK FOB TUB WBBK.
4JJi
47 0-16

The following shews the imports of cereal produce into the
United Kingdom during the first seventeen weeks of the sea
•on compared with previous seasons:
IXPOBTB.
1889-90
1888-9.
owt. 20,172,8h'4 23.106.613

226.000

specie)

d.

li.

liar silver

4

(In Paris) fr.

rota], 2 weeks..

SILVER.
Jan. 2.

164.AU0
388,600

,

24,827,730

17,782.374

27 3-16
6
97

per cent
per cent.

PVch rentes

6

Brussels

4

Oonsole.ncw 2\ perota.
do
for account

SM
an

December 27.

8al.

.Conifon.

8«3«-SK

been as follows:

Interent at

1888.
1,3.11,500

daily closing quotations for securities, &<;., at London
are reported by cable as follows for the week ending Jan. 17:

14

*
4 UmiM
8 « IXa The Bank rate of discount and open market rates at the chief
Continental cities now and for the previous three weeks havg

January 3,

1889.
2,238,500
1 70.000

The

8

3«
8«

4

SJ434 3Mt.4
4K(a - SJfi 4

Jan.

ImporU.

Xxportt.

Gold.

Week.

Breat Britain

Since Jan.!.

$6,986

f6,9S6

8',420

63,420

1,500
45,155

1.500
45,155

$62,061
208,902

$117,061
231,902
120,127

Week.

Bitu«Jan.X

1):

1889-90.

1888-9.

1887-8.

Import8ofwheat.cwt. 20,172.864 23,106,613 16,557,257
Imports of Hour
5,698,014
5,423,919
6,261,392
Bales of home-grown. 18,453,775 12,917,091 15,169,912
Total

TMs treeh.
tira.

Wheat

ll'».

At 710

Bank:

^ 4X® - 1 @ -\BH» -'4>ii.5 4!4«S <Mas
4 06 4 AS
B a 8W« - m* - 3M* - 4 «5
18 s ««» -|8«S- S«» - 85<a4« !»»<«»« SHA*ii
to 5 3!«a -3H*- 8M« - 4 (g41i 4 04)1 4 @4^

Not. 89
Dee.

wheat, flour and

BnKliah Financial inarket*— Per Cable.
Jn(«r««talIow«d
/or dejiontt ^«

Trait mu$.

Sttli.

quantities of

Floor, equal to qrs.

as follows.

Open market ratet.

Bank

London

The following shows the

maize afloat to the United Kingdom:

Ualze

in prices.

91

44,324,653
18»»9-90.

41,447,623

1888

Aver, price wheat week. 298. lOd.

SOg.

Av. price wheat 8eaaou.298,

32fl.

1 Id.

37,988,561

1886-7.
16,3.^7,587

5,061.977
12,930,551

Qermany..... ........
West Indies
.. ........
Hexloo.
South America
HI other countries...

31,370,115

9.

18878.

1886-7.

7d.
7d.

30s. 9d.
29b. 114,

35s. 10 •
Sis. 9d.
I

Total 1890
Total 1889
Total 1888

41,0-,J7

$51,657
100
2,917
2,660

$51,657
100
2.917
69,520

$57,:i34

$124,191
324,410
99,397

128.1f3
41,344

THE CHRONICLE.

92
Mnee Jon. 1.

Week.

477.243

erwt Britain

8,000

G^nnany. ...
Weat Indies
Mexico

New lork

Imports-

Mrporlt.

miver.

aineeJan.i.

Week.

$10,780

2,377
1,453

2.377

•486.723
167.334

1.1 S3

10,866

...|

**•

Total IfcitO
Total 1889
Total 1888

...

»2,736

"MSO

1,480

!ii939.69f

«f,.'>i0

J2.5.476

219,734
687.276

5,313
63,856

18.744
72,788

406,3011

Of the above imports for the week in 18C0 |51,487 were
Of
American gold com and $67 American silver coin.
the exports during the same time 855,075 were American
gold coin.

—A new loan of

the city of Boston

offered to investors

is

by Messrs. Spencer Trask & Co., of this city, Adams,
Blodget & Ck). and R. L. Day & Co., of Boston. These bonds
run 30 years, at 3U per cent. Thev also offer $800,000 of Suffolk County (Ma.«s.) Court House bonds and $100,000 of Cochituate Water Loan bonds.

—Messrs. Tain tor &

Holt offer investors a selected list of
These bonds have the merit of being on properties,
covering which Messrs. Taintor & Holt have full information,
and can speak with knowleedge.
City of Fort Worth, Texas, 5 per cent refunding bonds
interest payable in New York, are offered by Messrs. S. A.
Kean & Co., of Chicago and this city. See advertisement.
—The city of St. Paul offers $100,000 4 per cent bonds. For
particulars see advertising columns.
securities.

—

—

FOEEION Trade of New York— Monthly Statement. In
addition to the tables on another page, made up from weekly
returns, we give the following figures for the full months,
also issued by our

ment covers the

Bank Statement for the week ending Jan
We omit two ciphers (00) in all cases.

Capitol.

Surpltu.

$

9

'"
...

kil otlieroounulea...

Vlty

as follows.
B&MKS.

11, 1889, is

(00< omittnl.)

*927,218
11,000

........

Bonth America.

IVoL. L,

New York Custom

House. The
imports of merchandise,
IMPORTS nnX) HBW TOBK.

first state

Sank of New York...
Vfanhattan Co

Pbenlx

2,000,0
2,050,0
2,000,0
2,000,0
3,000,0
1,000,0

01 ty

1,0(X),0

Tradesmen's..

1,000,0

Ohemlcal
Merchants* Exch'nge
9allatlD National

300,0
600,0
1,000,0
300,0
200,0
200,0
600,0
300,0
1,200,0
5,000,0
6,000,0

Sferobanta*
Kecliautcs'

America

ftotchers'

&

Drovers'.

ICecbanics* A Traders
9reenwich
Leather Mannfacfrs.

Seventh National
itateof New York...
Imerican Exchange..
CjOmmerce

Hroadway

1,000,0
1,000,0

Iftercantile

PaoiSo
aepubllo

422,7
1,500,0

Chatham

450,0
200,0
700,0

Peoples'
Nortli America.

Hanover

1,000,0
500,0
800,0

Irving
Tlttiens'

karket

600.0
750,0
600,0
600,0

A Foitoii

Nicholas
Shoe A Leather
Corn Bxchange
3t.

1,000,0
1,000,0

Oontlnental.
3rlental.

Booit.

Dm
eoodi.

(Km.

Gmtral

21,949,!)

200,1,

'.iSO.U

2,.^85,0

750,0
600,f

217.6
752,9
717,1

2,731,«
9,924,5

.

.

300,0
750,0
5j0,0

.

Third National
Y. Nat'l Bxchangb

1,000,0

.

Lmcoln

t
47,628,717
44.138,258

t

»

15,530,747

86,357,54'

40,888.287

30,a59.290

14,299.496

30,484.136

44,783,632

Marcb

12,7afl,65S

29,514 ,39'.i

42,310,945

10,123,258

31,121,301

41,244,539

West Bide
Seaboard
Sixth National

April

12.888,5X1

29,61?.04(-

41,900.629|

11,117,537

27,377,727

38,493,264

Fir,:t

May

6,871.012

36.970.U6C

13,841.978,

7,081,072

32,614,35!

39,675,423

Jane

7,861,55i

32.078,6<!l

40,040,176

6.539,019

34,518,633

41,057,662

Jnly

12,062,3J0

36,082,098

48,134,41»'

13,968,020

a7,4iM,406

41,402,425

Angnat..

lUTQt.Sa

34.1 14,638

45,908.167

ll,740,12r

26.315,506

88,055,931

September
October

12,885,86';

24.P88,015' 37,873,88.'

10,199,832

26,803,740

37,008,072

8,609.501

SS.274,670' 46,884,171

10,164,0:3

3C,065,212

43,229,225

November

8,897.369

3;,88e,202

6,965,361

28,093,144

33,063,508

8,168,713

33,057,380

41,226,003

81 ,669,367

42,246,1:5

Total... |134.48''.223 386.722.864 521.209,087

128.876.999 356. 253,075 482,130,074

XXPOBT8 raon new yore

CUSTOHB RECEIPTS.
At Nna York.

Total Merchandiu.

1889.

Jannarr

30,1J6,144

t
84,055,029

January

Ikbrnarr—

28,242,020

88,342.267

February.

Marcli
April

28,859,636

22,863,204

29,108,07!

25,066,237

May

26,449,235

83,917,688

Jnne

84,281,774

82.988,504

Jnly

23,394,127

22,810,769

Antrust

81,644,187

24,858,526

September
October

28,866,(01

24,598,407

31,841,198

27,954,667

NoTember
December

87,717.301

25,546,o7'l

38,Si,9,9<8

28,880,988

T<it»l.

.'145.859.645 299.910,7:

t

780

13,496.V2l

054,911

13,150,682

March

423,094

11,05^,638

April

,963,737

11,159,664

May

.097,653

9,982,060

June

,697,750

10,918,946

July
AufruBt

,787,3301 14,159,594

,031
,%

September
October

November
December
Total

,324,502

13,861,742

,016.108:

12,124,964

,202,03('|

ll,069,'-49

,178.009

9,80'<,828

'.997,988

10,9i!2,999

147,678,866 142.478.877

Anction Sales.— The following were recently sold at auction
by Messrs. Adrian H. Muller & Son:
Sharts.

45 MeohanlcB' Bk. of B'klyn.260
15

Co.of B'kl7D.140
86 Republic Fire Ins. Co. (In
liquidation 92 p.ot. pald.)$21
168 Bank or America
207-205
33 N.Y. Life iDF. <SiTr. Co. .690
Nas.'aii F.

I.

.

WAtional..
National,B'klyn

Bunds.
$2,000 Jersey City 78. Improvement, due 1892 .. 1044 int.
$l,tO0 Jersey City 7s, Improvement, due 1892 104 !i4&lut.
f3,0OOJei6ey Oily 78, Improvement, due I894...10941nt
$15,000 Jersey city fs, funded del)', due 1909
116i4&lnt.
$17,500 State of Va. t:8, cols.
debt bonds, due 1905. Jan.,

6,923,'-'

1,395,1

410,8
6,728,8
631,6
1,350,8
671,2
111,0
1,54,1

436,0
33lr,6

1,136,2

333,9
3,226.0
897,3
380,2
754,0
4.317,9
583,8
679,5
303,0
823,3
226,2
720.0
708.8
651.1
171.6
3,985,0
3,867,8
111,2
206,0
3,030,4
1,689,0
1,307,0
788,1
3,845,8
1,615,2
150,9

664,5
610,0
355,3

2,443,1

414S,2
2852,3
2642,9

2

206.;

275,0
482,3
230.1
145.8
80,6
258.0
718,9

2,346,9

963,8
203,0
202,5

4,.',31,!'

1,227,8

2,625,8
3,014,2
l,e63,S
4,160,0
2,2S9.0
2,964.

662.6
495.2
204.9
944,4
330,0
4 '27,0

450.0

1,870.

11,529.8

1,620,7

861,0

4,010,(

10,810,0
10,091,0
8,064,8
7,530,0
10,468,0
4,376,0
11,102,3
2,100,2
26,227,0
3,924,8
6,125,7
2,106,3
3,266,0
1,234,4

68SV.0

603,9
232,0
4i!7.0

162,7
1,105,7

2,8'i4,S

1,351,3
2,812,3
14,940,0
10,534,8
4,762,5
7,921,4
3,072,0
12,802,8
5,822,2
2.988,7
4.947,2
15,045,7
3,007,0
3.223,S
3,020,7
4,219,4
1,997.7
3,876,0
5,550,9
5,095,7
2,080,0
21,244,8
23,658,8
2,185,9
1,632,4
16,916,9
8,430,0
5,210,0
5,365,6
21,050,3
7,967,5
1,268,2
2,769,7
2,927,0

26'2,7

544.1
149,3
377,8
531,8
229,6
197,5
315,1
180,0
88,0
367,0
265,0
680,1
323,8
1,645.7
833,9
127,7
2tO,U
1,355,0
656,0
65,0
463,0
1,124,2
629,5
130,7
27e,'0

131,6

'2,498,8

162,1
937,0
155,7
733,3
S33,2

11,929,0
4,464,2
3,615,2
2,991,0
6,350,1
64,7
2,947,2
245,2
3,580,2
397,1
1,874,5
290,71
6,088,1
400,6
'2,317,0
309,0
3,710,0
551,0t
2,160,0
'222,0'
10.353,3
4,134,0
263,0;

61,062.7 57,54'2,1 100,317.0 S0.682,fe 29.021.6 414,754,8

Total
Capitai de.
Survlua.]

Banks.
N. York.
Dec. 14
.

••

1

381,5
493.9
258,9

300,0
200,0
600,0
200,0
3,500,0
300,0

Weatem

21...
..
.

..

Loans.

Specie,

\

LfQnls. \DevosiU.' "('r"'". Oleorinar.

$
117,712, 8
118,604. 8
118.604, 8
118.604, 8
118,604,,S

390,088,9 75,072, 2 25, 458 6 3ii5,600,6
392,514,3 76,786, 7 26, 201.1 398,376,,!
394.7ei,8i75,5'<0, 7 26, 111,1 398,720,6
399,689, '177,427, 6 26, 741,5 409,852,1
100,047,0 80,682, 8,29, 021,6 414,754,8

Boston.*
Dec. 28...
Jan. 4 ..
"
11...

65,544 9 160,022,0
65,544,,9 151,051,9
65,614,,9 152,166,6

8,724,
8.895,
9,379,

3,903,6 751,460,8

703,928.8

3,846,.')

3.731,3 605,992,9
3,738,u!778,068.8
3,743,4 742,143,6

298,4 '.27,402,21 2,6 17,1 80,368.2
446,1 132, 161. 6 2,644.4 1'24. 195,2
599,9 13'2.837,8 2,635,5 101,353,0
1

Phlla-Deo. 28...
Jan. 4 ..
"
11 ..

Month.

188a

,

"
28
Jan. 4
"
11

423

200,0
200,0
600,0
300,0
200,0
150,0

aarfleld
Fifth National
Bank of the Metrop.

31.642,657

10,676,808

100,0|

Tnlted states

13,798.«B8

December.

4.379,1

2,130,1
20,b77,8
20.673,2

4,528,7
2,197.0

300,0
250,0

,

.-.

Btrs. National

15,984,ieu

40,283,571

8,6i!9,6

277.0
36B.3

7,508,0
4 181,0
5,233,4

February

. .

1,105.6

563,7
255,0
319,4
8,107,8
307,4
138,4
304.7

al..

Secoad N %tionbl
Ninth vjtional

aermanla

t

2,920,6
2,651,9
4!011.8
2,123,5
3,085,0

Central Natioi

Jannarr...
.

i908.0

1,913,5
l.X21,8

Boweij
:ffew York County..
3erman A merlcan.

Merehaiu

6.718.2
7.276,7
2,803,0
11,572,3
6,520.4
2,180,3
4 236,8
13,483,2

801,8
850,9
889,2
824,0
256,0
482.0
1.283,9
280,3
402,3
191,0
807.5
202.7
246.3

16,94':?,0

Avenue
aerman Exchange..
lotal.

80,7
400,4
1,631,5
3,281,6
1,645,9

132,8

Fifth

Qtrwral

358,0
775,9
340,1

66l,ti

1,51.3,1

7hase National

Merchan-

1.598,1

935,6

287,7
222,2
103,0

250,0

.

Jfontk.

1,070,4

136,3
1,372,6

3,200,0
2,000,0

!T.

total

17.(llt:.9

6,00',!,ft

Depotit*.

510,0
940,0
693,3

212.2
2,080,0

551,0
2,342,8
210,0

114

*

673,8
295,0
135.3
517,0
123,7
247,9
26,5
385,2
433,0

1,875,6

Park
North River

Eat River
Fourth National

LegaU.

•
3,010.0
2,053.0
1,973,2
1,258,0
2,393,6
1,036,0
3,749,7

883,8
1,778,0

1.500.0
2,000,0
210,0

Importers'

Sptcie.

10,480,0
9.483,0
7,300,2
3,830,0
10,438,1
4,667,0
10,125,6
2,084.9
21,573,0
3,303,5
5,695,9
1,940,0
2,877,0
1,257,2
3,045,8
1,342,0
3,537.5
17,573.0

1.0B8.7
1,240,6

300,0

A Traders

Loatu

33,132 ,3

93,484,0
93,109,0
63.274,0

35,132,,3

35,132 .3

—

23,122,0
21,314,0
24,819,0

89,881,0 2,133.0, 61,806,7
91,999.0 2,136.01 70,8.>1,8
91,631,0 2,137,0 69,456,1

&

S. A. Kean
Co. offer first mortgage 6 per cent bonds of
the Watertown, South Dakota, Water Co. Watertown is the
county seat and an important railroad junction in southeastern Dakota.
The bonded debt of the Water Works Company
is $126,000, and the income derived from the city for hydrant
Trust Company
rental is paid direct to the Farmers' Loan
of this city for the benefit of the bondholders.
-—Investors are invited to note the offer of bonds of the
Atlanta
Florida Railroad Company by Mr. A. Dutenhofer.
The net earnings of the road for the month of December were $24,000, and the outlook for the year, the managers
fixed
think, promises will for over $100,000 net, while
charges only aggregate $50,400, or 6 per cent on the $840,000
of first mortgage bonds.

&

&

.

92>9 Met.OperaUouael'o.ct
N. Y. (llui ), lepreseutlug
baltof Box61
11S2.800
2 N. Y. Life Ins. & Tr. Co. .701
200 New Central Coal Co
10^8
1882, coupon.s on
bi'e
14 Ml rchaut u' Nat. Bank
1 64
*31,787 .State of Va.delerred
I-6J4
60 State Trust <"o
ceitHlcates,datedJuly 1,'71.
8"8
20 Bank of N. Y.. N. B. A . 247
$100 Olies. &O.Clrtl'.ofparti20 Mercantile Nat. Bank....22oJs
clpafion in 1 5 p.ct. 1st con200 Wt stcliM'r F.I.Co.otN.Y.lSl
sol, mort. bond of $500
102 ^
10 Koal Estate Excliangc <fe
$5,» 00 Postal Tele. Co. Ist U).
Auction Room (lluiiiecl)!(>l,200
ts.gi'ld, due 1912
$66
200 Citizens' Ii.suiauce Co..ll4'« $1,000 lud. & 81. L. RR. Itt,
47 Nlntl] National Bank
1541^
series C, 7s, due 1919
II312
80 Aiuerican Kxilian^e Nat.
$1,0U0E. & fitts. RK. oouso'.
Bank of N. Y
160is
7s, duelP98
,11119
$?,000 B'way & 7lli Ave, RR.
$1,000 Jersey Clt.v 7?, water
Co. 2dM. 58
lOJ&liit.
f crip bonil, duo l(-ni.. 102 se& int.
$1,000 C.'lum.&tnd. Cen. RR.
fl.COO.Icrsey City 7h, water
Co. 1st M. 78. Iti04
1221.)
scrip iHind, line ISHl. lOS's&lnt $11,000 Marq. Hounb.&Outo.
f l.Oto J( rsiy City 7s, funded
RK. Co. 6s, due 1925
101

Spemcjer Trask &

Co.,

BANKERS.
Nos. 16 and 18 Broad Street, Jiew York City.
ALBANY, N. Y.: SARATOGA, N. Y: PROVIDESCB. R. I.:

•

TRANSACT A OENERAL B.\JKKING BUSINESS.

8i>eolai
All cliisses of Securities Bought and Sold on Comml».s:on
attention given to Investment Securities. Direct wir« lo each olfioo
and to Philadelphia, Boston and Chicago.

. .

debt,

duo 1897

112\<Seliit.

SPEilAK NOTICES,

^f CITY

ANO""

COUNTY BONDS OF

Municipalities are dealt lu largely by -Messrs. 8. A.
New York and CliicaRO. The attention of Saviuffs'
called to these securities.

^° CHOICE

7

Tlio

Now York

ollice is it

PER CENT FIRST

WESTKK-V
Keax & Co
Bank

, of
otHcers is

115 Broadway.

:nORT».lCES ON

Western to>vn or farm properties at oue-tliird v.ali.c, and G per cent Debenture Bonds amply secured, and prime commercial laper, are offered
by Messrs. Jokes & Faile, 135 and 137 Broadway. See card of National Mortgage & Debenture Company.

Jandart

THE CHRONICLE.

U90.I

18,

She gawkers'

93

Torday the rates on actual business were as foUowg viz •
Bankers' 60 days' sterling, 4 8P^« 4 h2; demand, 4 86
4 863^. Cables 4 87^4 87 J^. Commercial bills were 4 80v|a
4 80V.
Continental bills were: Francs, 5 2i;i(a5 22>< and
5 183^®5 19%; reichmarks,
»4}i(g94^^ and 95.
The rates of leading bankers are as follows

^ixzztU.

U^

DI VI DRIf DSl
The followlne dividends have recently been annoiinoed

:

Whtn

Samenf Omn'pany.

Books Closed,

PuyabUA

January

i

(Dayft incfvsive.)

RailroBdx.

& Dayton...
Rio Grande pref.
lUiuoiin Central
LouK I«laud (quar
Mil. Lake Shore & West., common
do
do
prof
Wheel. & Lake Erie prcf. (quar.).
Cincinnati Hamilton

Denver

30 Jan. 26 to
20 Fell. 11 to Feb. 20
March 1 Feb. 9 to Mar. 12
Feb.
IJau. 11 to B'cb. 2
Feb. 15 Jan. 29 to Feb. 16
Jan.
Feb.

<fc

)

Feb.

14|Feb.

Fire luDuraiicc.
Continental

On dem.

Excliaiiiro

Feb.

Farnimit

On
On
On
On
On
On
On

Home

Kings County.
Peoitle*8

Phtenix
Standard
Williamsburg City
mince) Inneniia.
Edison Electric niumln'i; (quar.)

1 to Feb. 14

1 Jan. 26 to Jan. 31
dem.
dem.
dem.
dem.
dem. Jan. 10 to Jan.
dem.
dem.
-

Henderson liridj^e
Northwest Equipment (quar.)
do
do
extra

Fob.
Feb.

liJan. 15 to Fob.
1 Jan. 29 to Feb.

Feb.

liJan. 26

Pelladelphla Co. (guar.)

Jan.

2
2

17.

fiLtty

Clime bankers' sterling bills on London
i'HmecoramerclaV
>ocnmentary commcrolal

Days.

Demand.

4 82>a

.

4

4 87

80^

1

I'aria (francs)

a 20

Amsterdam

(guilders)
t'rankfort or Bremen (reichmarks)

5 17>«
40>g

40>fl

04^

95^
The followmg were the rates of domestic exchange on New
York at the under-mentioned cities to-day: Savannah, buying
par, selling ^i'a}4 premium;
Boston, par (aoc. premium;
New Orleans, commercial, par; bank, premium; St. Louis,
50c. premium; Chicago, 35c. premium.
Coins.— Following are quotations ui gold for various coins:
Fine silver bars.. — 97=^9 - 88>a
Flvetrancs
—90 » - 9.5
Mexican dollars.. - 7e>a» — 7719
Do anooinmero'l — 70 a — 77
8|ian. Doubloons.lS 56 alS 70
— 7liii»— 73
Peruvian sols
Mex. Doubloons. 15 55 ®15 65 English silver ... 4 80 9 4 85
Fine gold bars..
par a 'i.prem.luJ. tradedoUsrs — 74 Komlnal
Sovereigns
*4 34
Napoleons
3^5
X X Relclimarks. 4 74
25 Peseias
4 82

'»*4 88

»
®

3 89

4 78
* 4 87

.

to Feb.

16! Jan. 16 to

2
Jan. 25

United States Bonds.—The only sales at the Exchange this

week were $27,000 reg. 48 at 12«(* 1261 ^-and $6,(i00 coup, at 126^^;
prices bid on the Board, however, are firm, except for the cur18U0-3 P. 91.
The Money Market and Fiuiuicial Situation.—The rency 6s of 1897-8-9, for which bids are lower. The purchasee
week has been dull and business at the Stock Exchange is of of bonds by the Government have been much larger, aggresiiTce Jan. 10.
small volume. Money is ea.sy enough and loans readily ob- gating $7,222,250
The statement for this week is as follows:
tainable on all fair collaterals, but this does not seem to be
sufBciont to stimulate operations, and under the Philadelphia
*H Per Cmu due 18»1.
i Per Oente due iWt.
& Reading disappointment of last week the market shows a
Oferingt. Purch'a Prices paid.
lethargic tlisposition, which in the case of an individual we
might call siilkiness.
»ii5,000
BatoTdar
(5S.0O0J
101«
Even investment business has so far been quite moderate, Mondar....
a«i',5<.o,
3(!2.500|
104«
and it is a fair conclusion that there is a good deal of money Tuesday...
14.510
12.500
104«
somewhere waiting for prices to start upward before the Wedn'sday
805.000
805.000
W.OOO
owners begin to buy bonds and dividend-paying stocks. Tliis TbnrsdaTSfW.nOo!
!! 6.000
demand comes largely from home investors and is not depend- Fridar
_104«
ent mainly ujwn the temper of the foreign markets.
»I.7te.noutl.701.0'X)
Total.
l5.72d.2Sll $5,52I.«5U
The meeting of railroad presidents belonging to the InterThe closing prices at the N. Y. Board have been as follows
State Railway Association was a tame affair, and after a short
session a resolution was simply passed looking to the perpetuInterest Jan.
Jan.
Jan.
Jan
fan.
/an.
ation of the organization with some needed modifications.
Periods IL
13.
14.
15.
IB.
17.
The Northwestern— Union Pacific traffic contract was re..reg- Q.-Mch.l-101'3 *104ia *104>ij *104iii '104ifl '104ia
ported on as being in some respects contrary to the rules of 4i2», 1891.
coup Q.-Mch.|*104ia*i04is*104>2*101'a '10419 •1vj4>«
the Association, but the matter was not treated as of radical 4i2d. 1891.
'126 »:26
48,1907
reg. Q. -Jan .1-126 1126 ,'126
12618
importance, and the whole tone of the meeting seemed to indi- 48,1907
126i4'ia6 i«126 *126
coup. O. Jan .ri26 |*126

WAM. 8TKEET, FRIDAY,

Jan. 17.

.

I

.

j

..

I

1

I

cate that the railroad men took much less interest than last
year, owing probably to the fact that freights are heavier, and
with or without the alliance, they feel better able to do a good
business.
Railroad earnings continue to show remarkably well; three
roads have just published their net earnings for December
the Illinois Central system had §623,387, against $510,635 in
December, 1888; Baltimore
Ohio had $779,715 net, against
$508,581 in December, 1888; and Nashville
Cliattanooga reports §139,769 net, against $119,676 in 1888. For the first and
second weeks in January the roads so far reporting are generally showing a good increase over 1889, and some of them a
very large percentage of gain.
The open market rates for call loans during the week on
stock and bond colhiterals have ranged from 2 to 6 per cent,
with 13 per cent an exceptional rate late on Monday; to-day
the rates were 4@ 5- per cent.
Prime commercial paper is
quoted at 5^@ 6 per cent.

—

&

&

The Bank of England weekly statement on Thursday showed
a gain In specie ol £513,000, and the peicentage of reserve to
liabilities was 3529, against 30-64 last week; the discount rate
remains unchanged at 6 per cent.
The Bank of France lost
3,600,000 francs in gold and gained 975,000 francs in silver.
The New York Clearing House banks in their statement of
January 11 showed an increase in the surplus reserve of
$4.2.59,700, the total surplus being $6,015,700, against ^1,7.56,000
the previotis week.
The following table shows the changes from tne previous
week and a comparison with the two preceding years in the
averages of the New York Clearing House banks :
1890.
Jan. 11.

iffr'ne'i fr'm

Prev

$
61.062 700
57,54 .100
Ixiauf ami dlsc'ts. 400.347 .000 Inc
Circulation
3.743 .400 rue
Net deposits
414.7.^4 ,800 Tuc
Specie
80.682 ,800 luc
Legal tenders
29.021 ,600 luc
Reserve held
109,704, 400 Inc
Legal reserve
103,688, 700 Inc

1889.

We k

a/i

Capital

,

Surplus

eurpliis reserve

.

i

12.

1888.
./«.. 14.

60,762 ,700
52,402 ,600

657 ,700 386,318 ,000

35G,,173.900
4,,900
4.86:i,,100
7,,901.500
5,102,,100,410.129,,800,373,,232.500
3,255,,200 82.150,,700' 77,,044,000
2,2.10,,100 34.930,,900| 32,,055,400

.

5,535. 301)!ll7,0Sl, 6H)il09. 09.), 400
1,275. GOO 102,532, 450 93, 308.125

6.015.700|Iuc.4.2.^9,700

14.549.150

15.791.275

Foreign Exchange.— The exchange market has been witl:out special feature, except a reduction on Tuesday of }4 cent
in the po-sted rates, and though business wa.s only moderate,
the tone lias been generally steady. But to-day there was
more firmness with a small supply of cottonbiUs, and demand
St erling

was advanced one-half

cent.

-116

*116

*1H

:*118

*130

*124
1*124
J.i*126
i*126
the price bid at the morning board no

*ia4
,*126

|*123
i*125

!

This

la

|

1*121

our'cy,'96....rcg.lJ.
(is, onr'c.r.'97....reg.!j.
«3, cur*.!., ,'98.... reg. J.
bs, cuT'jy,'9J....reg.|J.
(is,

'

&
&
&
;
&

121

6s, our'cv,'95....reg. J.

J.,*116
J.i*118
J.i*121
J.

i*116
,*118
i*121
1*124
|*l26

i*116
i*118

;

<iile

•116
*118
*12X
*123
•125

was made.

—

State and Railroad Bonds. There were fair transactions in
State bonds on Saturday; then the market was neglected until
Thursday, when there were sales of $19,000, including Louisiana con&ol 4s, at 94J^; Georgia gold 7s, at lOSig; Virginia 6s,
def. trust receipts, at 9. To-day sales were $12,000 Louisiana
consol 4s. at 95 a 953-2.
Railroad bonds have been irregular most of the week,
though steadier towards the close. The Reading issues continued to sell freely on declining prices, but began to recover
on Tuesday, and have been steadier since, closing to-day at
85J^ for the general 4s. 69% for the 1st incomes and 49 for
the second incomes. Kansas & Texas bonds were heavy early
in the week, in sympaihy with the stock, and have continued
irregular.
Wisconsin Central incomes broke and declined to
6Z14 on Tuesday, recovering to 67 on Wednesday, and closing
to-day at 67, jumping up from 64)^ in the morning. Milwaukee Lake Shore & Western Extension 5s were very active,

Mobile & Ohio also active, selling up to 61.
Railroad and Miscellaneons Stocks. The market on Saturday the 11th showed a downwardtendency and this bec&me
more pronounced diuring the early part of this week. Latterly
the tone has improved, and at the close prices were better held,
though dull.
The mos.' prominent features have been Atchison, which declined to 30% on reported Boston selling, and closes to-day
at 31, against 323.^ last Friday; N. Y. & N. England advanced on more active buying; Cent. N. J. and Del. & Hud.
declined about 3 points, and Lackawanna and Reading also
declined on heavy sales, those of Monday being nearly
half of the total transactions of that day at the Board,
but
all
are
since
stronger.
Reading has also recovered and
become much steadier; the announcement on Thursday that the Mayor of Pliiladelphia had
signed the Terminal bill had a favorable effect. Mo.
Kansas & Texas rights dropped from 134 on Saturday to %
on Monday, but have advanced slightly since, closuig at 3i to
day the stock also was sold t^uite freely. The "Big Four"
stock was strong to-day, touching 73 and closing at 71}^.
Wheel. & Lake Erie, Pac. Mail and Pullman all scored advances. The "Trusts" have been aflvancing late in the week,
notably Sugar, which has been active tince Wednesday, and
closes at 56}^ against 52=^ last Friday, partly on Boston manipulation.
Cotton oil was active and weak to-<lay, closing at
closing at 10434

!

—

,

;

Lead

at 303^.

THE CHRONICLK

94
SrOCKS-PRICES AT

N. ¥.

BTOCKB.

Active

KR.

STOCK EXCHANGE FOB WEEK ENDING jrAXUARlT
HiaHEBT AKD LOWEST PKI0E8

SaturdaT.
Jan. 11.

Stock*.

Atohison Top. & Santa Fc. .
Atlantic

32»p

.

vfcPiifitlc

32'8

Canada SnuUicrn

Central of New Jersey
Central Pacltic

*34>4

'ii^

26\ 20 'g
64% 64%
441s 44%

Chesapeake &0.— Vol.Tr.oert,
do Istpret..
J>o
do 2d pref.
Do
.

ChloaKoBiirllnjtton&Qulncy. '107 108
33>4 3319
<* Eastern IlUnots...
87
87
pref.
Do
CUoago Mllwaukee&Sc. I'aul. 6938 69>a
114
114
pref.
Do
110% 111
CUcaso & Nortliwostern
142
pref. *140
Do
971a 9719
ChlcaKO Rock Island &Paclflc.
•15
17
ClUcago St. LoiUs & Piitsburg.
pref. *44'a 4513
Do
•3314
3312
•Chicago St. Paul Min. & Om.

OhieaKo

.

95

pref.
.

Wednesday.

Thursday

Jan. 14.

Jan. 15.

Jan. 10.

32ie

321a

301s

321a

30% 31%

30% 31%

30% 31% 39,930 30% Jan.

478

478

•47«

51a
77I2

514

5 14

*34

26%
641a

44%
107
•33
•85
681a
II4I8

110%
14012

96%

*15

43ifl

•321a

7719

53% 54
122

34% 34

•4%

77% 77%
53

77% 77%
53 M 54

53 14

20% 26 14 26%
26
64 14 641a 64
64
44
44% 43 'h 44 la 44
10578 106%
107% IO6I2 107
33
33
33
32
34
84 86
84
84%
87
68%
69% 6814 6919 68
114
113% 113%
II414 114
110% '110 110% 110 IIOI4
141
14012 139
96=4 96%
97
961a 9714
15 16%
16
16
17
43I2 •43
•42% 40
46

32% 32%

3314

1

479

77% 77%

26% 26%

98

64

64

44% 44%
106
33
•83

106%

33
85
68I4 69

113% 113%
109% 110%
141
9578

141
96

lo% 15%

•42% 46

32% 32%

32% 33%

96 14 9614

•94

08

70% 70%
97% •97
98
97% 07%
•18% 20
19
I914 10%
136% 134% 135% 135% 136
34I2
3414 34%
34
34%
70ia

9%

70
22

4%

II912

17%
647b

105

7014

9%

•67
21

4

9%

•.JI4

9%

70

•67% 70

21%

•21

434

4

22

•1714
6434

18

4%

119% 119%

119>4 II914
17% 1734

7214
•12

•89

90

£0

87 14
40

30

7318

7214

73
13
103

7178

13

72%

72% 73

•12
-12
14
13
14
14
14
Ohio
Mobile
>102
102% 102% •102 103
Na.shv.CUattauooeai St.Louis 10lisl03 102 103
lOiS% 106% 106% 106 14 100%
Kew York Ci'.ntral & Hudson. 106% 107 106 12 106% IO6I3
-I6I2 17
*17
16% 17% 1634 17%
17% 16% 17
New York Chic. «fe St. Louis.
70 71 70 72 6Uia 71 69% 71 •60% 71
1st pref
Do
•38
39
39
2d pref. 38
•371a 3812 37% 38% 37% 38%
Do
26I4
26I4 261s
26I4
26I4 26%
2di4
26
2t>
26
If ew York Lake Erie & West'n
•60
66
64
03
pref
63
65
Do
4518
41
44% 45 12 44% 45
44% 44% 14% 4479
New York 4 New Ensland.
19% 19% 19% I914
New York Outatlo & West. . •1919 19% 1919 19% •19'-4 1979
7I2
•713
7^2
8
8
Now York Susquehan. & West. 713 8
30 31 30 31 •30 31 30 31 •30
pref
Do
*21l2 22
21 22 21%
•21ia 22
Morf oik & Western
211a 22
60% 61 14 61% 6134 61% 61% 61% 62
6112
pref
Do
-31
3OI9 30%
31% 30
3t
31
31
Northern Paciflo
30% 30%
73 18 74% 73% 74% 73% 73% 73 14 7334
pref
Do
2114 22
2II4 2II4
20% 21% 21% 21 14 2114 21%
Ohio & Mississippi
5II4 5114
53
52
52% 50% 51
Oregou Sh. L. & Utah North.. 52% 52% •51
3414
34 14
34% 3479 34
34
34% 33% 34 14 34
Oregon & Trans-Continental
•18
19
Peoria Decatur iV Evansvllle. 18
18%
18%
18
18
17
17
181a
36% 37 18 351a 36% 35% 36% 35% 36>4 36I4 3678
Phila.& Read. Vot. Trust. Cert.
21%
2012
Eichniond&WcstP'tTermina
21%
21
21%
2078
21%
21
21%
211a
77 78
7712 77I2 77
77 14
Do
pref.
78
771,
771a 771a
Bome Watcrtown & Ocdensb'g '107 10712 107 107 •107 108 '107 108
107 108
16 18
16
16 18 16 18
16
16
16
St. Louis & Ban Francisco ..."
37 39
33
38
Do
pref
38
38
38% 38% 38
38
-9514 97
95 14 95%
Do
1st pref. 9514 97
9579 9379
96
96
34I2
"32
33
la
32
Paul&Duluth....
•32
34
33
35
34
8t.
34
»84
•83
83 86 83 85 83 85
Do
pref
86
86
113
8t. Paul Mlnnap. & Manitoba. 11'2%112% •112
113 114
113 113
113 113
Southern Paclllc Co
34
34% 33 14 3II4 32% 33% 32% 32% 3314 33%
Texas & Pacific
21% 2178 2034 21% 20% 21
2078 21
2031 21%
Union Pacittc
66% 6716 66% 67 14 67% 67% 66% 67
65% 66%
1614 16% 161a I6I2 16% 16% 16% I6I4 16
Wabash St. Louis & Pacific
16%
32I2 32%
Do
pref
32
32% 31% 317e 31% 32
3178 32%
,.<:

•17

89

7%

1314 13%

14%

•102 103
IO6I4 106%

•16% 17%
•69% 70%
•37% 39
26I4

60

26%
65

7%

I312

281a

28

281-2

69

68% 70
3414 35%

13%
27%
68%
32%

7%

7%

30
30
•21% 22

61

62

30% 30%
73% 7379

•107

108

•16

18

38

38%

90

91

32

34

83

83
113 113
3334 34 14

13% I3I4 1314
27% 28
28
63% -68% 69%
34% 33% 34%

pref.

(Unlisted.).
Oil Trust. .

33

Eeeeipts.
Trust..

37

37

3158
3913
2014

31=8
31
3178
3912
39% 30%
2OI2
20
20%
104% IO6I4 IO414 10478
5II4 52%
SO's 52%

& Cattle F.

!

Expresa Stocks.
Adams
American
„
,

152 155
152
II514II514 114
86ia 86is
86
13713 I37I21 138

Onited States
Wells, Farco <t Oo
IiiarClve Slocks.
.American Telegraph & Cable.
861a 8OI2
Chicago & Alum
133 135
Cln. Wash. & Halt.— Trust re'o.
314
Do
jn-cf.— Trust rec.
5% 5%
Commercial Cable Co
IO212 1021a
Denver & Rio Grande, pief.
49% 49%
Denver & Rio Grande West'n 19
Iflia
Iowa Central
-8
10
1

3

"Morris & Es-sex
Ohio Southern
Quicksilver Mining Co. . .
St. Louis Ark. & Texas
Texas & Pacific Land Trust
Tol. Ann Arbor & N. M

.35 >4

•85

130
314

6

155
114

87%
138
86I3

135
314
6I4

714

7%

7

22

23

34% 35

These ar« the prices bid and aeked;

3034

36
31 14

39% 39%
1979 20%
104% 105%
5214 53%

35%
30% 30%
39% 39%
19% 2014

•35

10414

35

36

30% 3II4
39% 39%
2014

21

105% 104% 106

52% 55

55 14 5714

152% 155
153 153
152,% 155
114 114% 114i4ll4i4^113%116
85 14

85 14
87
136% 137
137

85
130
314

6

86I4

135
3I4
6I4

87

137%

I

*85
-135

86% 86% 85
130
3I4

'5%

135
314

130
•3

6%

8

•6%

6I4

21%

7%
6I4

23

34% 35 14
no sale made at

17
•7

18

7%

87
110
86I4

133
3 '4

6% 7
21
21
34% 35%
the Board.

^

3414

34%

'6%

an.

Jan.
Jan.
50 BH Jan.
14,805 85% Jan.
700 37 Jan.
1,420 100 Jan.
765 93% Jan.
80 98% Jan.
KiO 115% Jan.
14,115
9 Jan.
47,460 71% Jan.
700 13 Jan.
100 102 Jau.
1,537 IO6I4 Jan.
310 16% Jan.
70 Jan.

6,729

26

22

.Ian.

810 60% Jan.
30 Jau.

1,341
21,614
1,300
1,645
3,595

105
16
38
90

Jan.
Jau.
Jan.
Jan.
32% Jan.
83 Jan.
112 Jan.
32% Jan.
20% Jan.
65% Jan.
16% Jan.
31% Jan.
1.^14 Jan.
27% Jan.
67% Jan.
32% Jau.

24,110 42 14
12,078 3914
4,740 !'2
3,229 147

350 43%
100 92
282 100
10,655 36%
1,812 189
9,150 83
12,325 83
I

30%

17,125

39%
20%

3ti%
20'%

600

32% Jan.
29

Jan.

39% Jan.

30,923

1931 Jan.
105 10534'^,o/.».-«ci 102% Jan.
5514 56% 107,247, 50 Jan.

•153

155

114% 114%

85% 85%

'137

140

•85
'130

135

2%

5%

86I4
314

5%

102%
50%
19%

•6%

6%

Jan.
Jan.
Jan.
Jan.

120 85

Jan.

(l33
Jan.
870[
2% Jan.
4i4Jan.
1,825!

850 102
48

720! 19

Highest.

33% Jan.

3

Jau.
77% Jan.
55% Jan.
127% Jan.
35 Jan.
27% Jan.
65% Jan.
45% Jan.
10778 Jan.
35 Jan.
87 Jan.
71 Jan.
115 Jan.
111% Jan.
143 14 Jan.
98% Jan.
17% Jan.
40 Jan.
34 Jan.
97 Jan.
72 Jan.
98 Jan.
20% Jan.
138% Jan.
36% Jan.
9% Jan.
70 Jan.
21% Jan.
4% Jan.
119% Jan.
18% Jan.
65% Jan.
105% Jan.
91% Jau.
87% Jan.
30 Jau.
102% Jan.
95% Jau.
102 Jan.
116 Jan.
11% Jan.
74% Jan.
14% Jan.
102% Jan.
107 Jau.
17% Jan.
71% Jan.

10
15

5

27%

Jan.
Jan.
Jan.

64

45%
2014

7%
3078
2^.i%

62 14

31%
75%
22

56
35 14
187^
3078

22 14

78%
107%
16%
3914
9631

33%
85
115

35%
2^%
6831

16%
33

13%
29%
70

4
3

4
2

9
9

4
3
11
4
4
2
3

4
2
2

6

4
17

2
6

9
4
8

4
6
14
13

7
7
4
8

15
2
2

4
15

14
4
6
7
15
4
4
6

4
7
13
4

2

10
10
4

'3
8

8

13
9
13
10
13
10
11
10
6
14
13
6
16

7
8

37 Jan. 13
32i4Jan. 4
3934 Jan. 8
22 Jan. 4
106i4Jan. 11
50% Jan. 3

9 153 Jan. 16
4 I1514 Jan. 11
6 87% Jan. 13
7 138 Jan. 13

86% Jan.

8

6
13
6i4Jan. 14
103 Jan. 8
51 Jan. 16
134

Jan.

314 Jan.

1979 Jau. 13

10
714

7%

7
21

7
21

21

21

3414

3478

34%

3479

Prices from both Exobauges.

30 152
46 II314
439 84
99 135

1,205,

1800.

Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.

J, in.

2,117
3,100

1,

47%
Jan.
45%
Jan.
9634
Jan.
153 14
Jan.
47
Jan.
92%
Jan.
100%
Jan.
39 14
Jan.
Jan. _ 193
80
Jan.
Jan. 15 85^8

tSH

810 19% Jan.
210
7% Jan.
110 30 Jan.

150
210
868
345
200
125

1890.

1,

36%

200 63%
34,065

U

Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jau.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jau.
Jan.
Jan.
Jan.
Jan.
Jan.
JanJan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.

Jan.
Jau.

35
20

16% 16%

7%

I

62%
104%

98.>

905!

8

'16% 17%
•6% 7%
7
7
•20%

200 17%
5,-241

3514

102Vjl02i4 102 >4 102% 102% 102% 102% 102% 102
•40 12 sola
•50
49% 4934 50% 50% 51
51
1978 1979 18
-18
I914 •18
19%
•8
•8
10
"8
10
10
10

16% 16% •16% 18
•6%

35%

479 Jan.

2,865 75
8,160 53
8,595 120%
3314

20% 2078 7,270
58,060
65% 66
16 16% 1,400
31% 31% 3,455
8:
I314 I314 13
13%
•27% 27% 1,389
28
28
69% 69% 69% 69% 1,337
33% 34% 32% 34% 39,135

47 12 4514 46% 44% 46
4714
46
45% 46% 45% 46I4
43% 44 Is 44
4414 4478
44% 44
45
44% 44%
9CI4 96%
9512 9612
95 14 05 14
95-%
95
95
0514 05%
95
151 152% 15014 151
150 151
14014 150
149% 150
150 150
4514 45I3 •45
43 45
46
-44% 45%
44
44
45
43
*94
-93
96
88 92 00 92
95
92% 92% •90
93
100 101
100% 100% 100 100% 100 100
•00% 100% 100 100
37% 3818 37 14 3778 37% 38 14 3714 37% 38
39
38% 3379
I9II2 I91I2 •191% 191% 191 191 % 191% 191% 101% 193
193 193
86I4
851s 85-8
81% fr5l2 8314 84% 84
84% 84% 85% 85
84% 8412 8312 8414 83% 84
8378
8378 84%
84
83
84%

Navigation Co.

100]

73% Jan.
•21
22
20% Jan.
51 14 51
50% Jan.
33% 34%
33% Jan.
80O 16% Jan.
16% 17
36I4 36% 227,700 35 % Jan.
2078 21
14,377 20% Jan.
•76% 77%
650 77 Jan.

44% 45

'National Lead Trust
.Pipe Line CvniUcatesj
Sugar KeflnericsCo

*

IOI4

72%

46ifl

raoilic Mail

Do

13I2

28%
69%
34% 35%

JPulUuan Palace Car Co
Tennessee Coal & Iron
Western Union Telegraph

I>i3tlllers'

94

101%
116

19%

Delaware & Hudson Canal...
Oregon Improvement Co

American Cotton

101%

4479

Colorado Coal & Iron
Consolidated Gas Co

Trust Stocko,

14

39

19

Wabash, new
Wabash, preferred
Wheeling & Lake Erie, pref.
Wisconsiu Central Co
]Tltscellaiiei>iiM Stocks.
Chicago Gas Trust

&

72

91
87

44%

.

Do

8678

.

,

Orecon R'y

18

.

em

•

55

6478 0479
6478
64% 64%
104% 104% 104% 104% 104% 104%
•89

1!0

86I4

70%

Lowest.

.Sbarog.

Jan.
Jan.
Jan.
Jan.
26% 26% 6,7401 26 Jan.
•64
5561 64 Jan.
65%
44% 44% 1,500; 43% Jan.
6,375 105% Jan.
105% 106
1,485 32 Jan.
33
33
870 82 Jan.
82
83
68 14 68% 58,571 68 Jan.
727 113% Jan.
113% 114
9,483 10.-J% Jan.
109% 110
•140 141
400 138 Jan.
95% 96 14 1 8,200 95% Jan.
I6I4
850 15% Jan.
16
1,118 43% Jan.
45% 47
•32% 33%
350 32% Jan.
•94
10 96 Jan.
98
5,555 69% Jan.
70% 72
630 97 Jan.
97% 98
1979 20
2,225 18% Jan.
13579 I38I4 150,558 134% Jan.
33>4 34
3,533 33 14 Jan.
736
014 Jan,
9% 9%
•67% 70
100 67 Jan.
573 20% Jan.
21% 21%
100
4
4
3% Jan.
831 11734 Jan.
119 119

54

8618
86% 86% 86% 86% 87% 86%
Louisville & Nashville
•36
38
37
38
40
38%
39
39
37
Louis. New Alb. & Chlcaso ..
101 la 101%, 100 la 101 Is 100 101% 101% 101% '100
Manhat;an Elevated, coiisol. 101 '4 102
94 94
•04
"94
94
95
94
94
9379 9379
95
Michigan Central
100 101% 101%
UUwaukee Lake 8h. & West. •lOOis IOII2 '100 12 101 la lOOHi lOQis 102 102
•115
'II5I2II6
•11512 116
11579 11578 •ll5% 116
prel. 115'sll6
Do
1014
979
9
91a
9% 978
9% IOI4
9% 9% 10
Uissouri Kansas & Texas

73% 73 Hi

514

120% 122
124% xl21%122% 120% 123
34% •34
34% 34
34% 33% 34%

2678
641a

.

Missouri Pacific

Week,

Tuesday.

•4%

JAN.

Range Since Jan.

Monday.

98
71
08

86I2

AND SINCE

Sales
of the

Jan. 13

•95
•94
98
7014
71
701a 7OI3
Clere. Cinoln. Chlo. & St. L.
97%
i)H
98
98
pref.
Do
I9I3
I8I2
19
19
19
ColumbusHocWngVal. &Tol.
I3518
Delaware Lackawanna <s West 13718 137% 13576 137
34I2
34i>8
34
3413
34''8
14
Denv. Tex. & Ft. W., Vot. cert
914
9%
9%
9% 9%
East Tennessee Va. & Ga. .".
68 71 •67
70
70
Istpret.
Do
•21
•21
22
22
2d pref. *21
Do
*3ia
*3ia
418
4
4
Green Bay Winona & St. Paul
*118% 1191s 119% 119% 1191a
Illinois Central
I8I4
I8I2
18
*17%
17%
Lake Erie & Western
64 13 64-2 6412 64% 0414
oref
Do
Lake Shore & Micli. Southern 104% 104''8 104% 101% 104%
89
88
88
Long Island

Do

17.

Friday,
Jan. 17.

•73 la 77
767g 77
54
64
5iH 54
125'4 12(5
123 125

Cuiiadlaii Paclttc

[Vol.

'150 Jan.
20O| 16% Jan.
200
6%J-.;n.
1,370
6 Jau.
300 20% Jan.
9,700! 30% Jan.

151
18

Jan.
Jan.

6

4

7% Jan. 4
7% Jan. 8
23 Jan. 10
35% Jan. 14

January

THE CHRONICLE.

18, 181 O.J

INACTIVE STOCKS—Quotations

continued.

Aek.

Bid.

Bid.

Bid.

I

(*

95

Indicatee actual sales.)

Aak.

Bid. lAak.

I

160
Bcll.&So.Ul.pfl 85
B.&N.Y.A.L.pf 101

175

Buff. R. &Pltt9.
do.
prcf.

16

Burl.C.K.*No.
Cedar F. & M.

20
3

20
77
30

Alh'ny (tSiieq.

&

Dct.B.C'y*Alu
Eliz.Lcx.&B.S

ib-i

20

KloGr.

19

I

.....

i57'

Iowa Cent

30

do

10

Mex. Central..

18

27?;

Milw.& North.

50

Minn. <tSt. L.I
do
pref.

Jollet&Cliie..
.^1

Keok.

&

West.

'

BONDS -LATEST PRICES OF ACTIVE BONDS AT
Closing.

& Pac.-W.

D.

Inc., 68,

Jan. 10 Jan. 17

1910

Guar., 48, 1937

Can Houtli.-l8t

guar., 59, 1908

2d, 56, 1913
Cenliul of K. J.-lat, 78, 1890
0011801.73,1899
Convert. 7s, 1902

..

.

& Q.— Con.

ISiab.

73
107
08
103

b.

122

lim

General niort., 5s, 1987
Leb.& W.B.. con. 78, 1909,as'ut
do. Mortgage, .j», 1912
Am. Dock Ju Imp., 58, 1921...
Central Pacillo— Gold 68, 1898
Laud grant 6s, 1«90
Mortgatco 58, 1939
Chcs. Ji Ohio.— Jlort. 63,1911..
iBtconsol. 53, 1939
Ches. O. & So. \V.-6s, 1911
Chic. Burl. & No.— l8t, 58, 1926
Chic. Burl.

Sange

N. Y.

ainct Jan.

5s,

-

LoKiit.

61a

13

13
73i2a. 72
107i»b, 107
13

13

Jan.
Jan.
Jan.
9714 Jan.
9818,
lOjigb 102% Jan.
121 Jan.

Jan.
731a Jan.

107 12 Jan

OSia Jan.
I0314 Jan.
122 Jan.

,,

111

112
115

llOiflJan.
Jan.

115

115

Jan.

Jan.

lOOiflb.

10713 Jan.
b.
13 %a. 113!ib. 112 Jan.
b. 102'4b. 101 «t Jan.

108
1

.

102
103
117

lOSiaJan.

113% Jan.
IO212 Jan.

102 Hib,

a.
a.

117 a. 115 12 Jan. II512 Jan.
100 3» 10014 Jan. 101 Jan.
101
llOisb.
110 Jan. 110 Jan.
127

7, 1903.. 125i2b.

m"
105 Jan.

120'" Jan!

Jan!'

1913

Gas.I/.iteC.- l8t,g,58,1937 92i2b. 94 b. 90% Jan.
103 a.
Chic. & lud. Coal R., Isi, 5s, 1936
Chic. Mil. & St. P.— Con. 78, 1905 124i2b. 125I2
1245s Jan.
113ieb.|113''8
6s,1909.
113''8 Jan.
SouthwestDlv.—
l8t,
l8t. So. Min. Div.—6b, 1910 .. 113 b.jllS^b.
let. Ch.&Pac.W.Div.— 58,1921 10638b.
Chic. &Mo. Hlv. Oiv.— 58, 1926; 101 b. 102
102
Minn. Div.— 58, 1921
Wis.
104
Terminal 58, 1914
Cousol.
78,
1915.
144
Chic.
N.
a. 142i2b.
126%b. 127 -a
Gold, 78, 1902
fund
1929
115
b. llSijb.
63,
Sinking
10814b. 108 b.
einking fund 58, 1929
llOia
deOent.
08, 1933,109
Sinking tund
25-year debenture 58, 1909...'105''8 105 b.

94%

&
&
W.—

Jan.

1251a Jan.

114 Jan.
114i2Jan.

113 Jan.
105 12 Jan.
102 14 Jan.

1051a Jan.
102 14 Jan.

104
143

Jan.
Jan.
12612 Jan.
II512 Jan.
108 14 Jan.
109 Jan.
105% Jan.
96 Jan.

105 Jan.
1431a Jan.
127i3Jan.
1151a Jan.
1081a Jan.
109 Jan.
IO6I2 Jan.
98 Jan.

130 b.l 130 Jan.
104 la Jan.
105
Extension iSi col. 5s, 1934
105
Chic. St. P. M. Jc O. -Cou.6.8,1930! 121 b. 120 b. 121 Jan.
Ch.St.L.A Pitt.— lst,con.53,1932| 101
loom). 100 Jan.
Cleve. &Cauton— l8t, 5s, 1917. 0412b. 95
94 Jan.
C. C. C. & I.— Consol. 78, 1914.. 130 b. 130 b. 118ia'Jan.
1120 a. 1181a
General 6s, 1934
Col. Coal & Iron— l8t 6s, 1900. ao4isb. 105
103% Jan.
Col. H.Val.&Tol.—Con.5s, 1931 75 b. 75
74 Jan.
76iaa. 75
General gold, 68, 1904
75 Jan.
Denver & Kio Ur.— Ist, 7s, 1900 118 b. 118 b.
76%b. 77
1st consol. 4s, 1936
761a Jan.
Denv.&R.G.W— lst,68,Tr.reo. 98 b. 9712b. 98 Jan.
Dct. B. C. & Alp.— l8t.g.,68, 1913 101 b. 101
100 Jan.
Det. Mac. &M.—Ul.gr.3i2S, 1911 34 b.| 36 a.
Dnl.&IronRange— l8t,5s, 1937 100 b.'lol b.
Dul. 80. Sh.& Atl.— g., 58, 1937. 93 3.193 a. 92 Jan.

130 Jan.
105 14 Jan.
122 Jan.

Extcntion43, 1926

1

96

CUic. Pco. A:St. L.— Gld.58, 19281 91
Chic. K. I. & Pac—6s,coup.,1917 130

98

b.
b.

1

10118 Jan.
96I4 Jan.
1181a Jan.

105

.

E. Tenn. V. & G.— Con., 5s, i.956 104i2b.'l04ia
Ellz. Lex. &Blg8au.—68, 1902. 103 b.'103%
Erie— 1st, cousoi. gold, 78, 1920' 137 la 1137%
LongDock, 7s, 1893
jl08iab.'108%
I121iab.il21 b.
Consol. 68, 1935

1031a Jan.
103 Jan.
13718 Jan.
IO8I2 Jan.
120 Jan.

Y.L.E.AcW.— 2doon.68,1969il01 b.'lOl
101
Ist, 68, 192lll04%b. IO4I3
Ft. \V. <t Denv.
104%
Gal H.&SauAnt.—W.Div.lst,5a 93 b.| 03 b. 931a
QulfCol.&San.Fe— lbt,7»,1909 114 b.
114=8
Gold,6s,1923
731a
7418
Han. & St. J08.—Cons. 68, 1911. 120i4a.'l20
120
IllOieb. 10914
Int. &Gt. No.— Ist, 6s, gold, 1919 111
Coupon, 63, 1909
73%b.| 7314b. 7314
KentuckyCeut.— Gold4, 1987.. 84 b. 85 a. 84
KingsCo.El.— l8t,ser.A,58,1925 104i2b.l04: b. 104
Knoxv. & O.— 1st, 6s, gold, 1925 107i2b.!l07%b. 108 "a
L. Erie & West.— 1st, g., 5s, 1937 110iaa.llOiab.! llOia

C—

I

iflkeShore.-Con.cp.,lst,78,1900|126
Cousol. coup., 2d, 78, 1903
Il23

a. 12512a.
b. 12414a.!
Long Island— let, con., 58, 1931117 a. 11714
General mort., 4a, 1938
96 b. 97 lab.
Louisv. &Nashv.— Con.,7a,1898H8ia 118 b.
N. O.
l8t,6s, 1930...I115 b. 116
do.
2d, 68, 1930
105 b. 106
N.— 1st, 6a, 1919
E. H.
1113
1113 b.
General, 68, 1930
114
Ill2iab.
Bonds, 68, 1922
tl09%b.illO b.

126
124
116

Jaon.

Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.

Jan.

76% Jan.
75

Jan.

100

Jan.

&Mob.—

&

Tmst

60-ycar58, 1937
107 a.
Collat. truat58, 1931
1101% Il05%
Ixinis. N. A. &Ch.— 1st, 68,
b.'ll6
1910J110
Cousol., gold, 68, 1916
I103 b. 1031a
Louis. Boutb., Istg. 68..1917'101i4b. 102 "^b.
Ixiul8.St.L.&Tex.,lstK.68.1917 100% llOOia
Mem. & Char.—68, gold, 1924.
102 b.
Metro. Elevated- 1st, 63, 1908. 112 b. 112%b.
2d, 63, 1899
tl06 b.
Mich. Cent.— l8t, con., 78, 1902. 12612 126iab.
Consol., 5a, 1902
107i»a. Ill a.
|

93

Jan.
104% Jan.
lo4 Jan.
137^8 Jan.
108% Jan.
120 Jan.
10158 Jan.
1051a Jan.
93% Jan.
II514 Jan.
74 ig Jan.
120 Jan.
112 Jan.
74 Jan.
85 Jan.
1041a Jan.
1081a Jan.
llOia Jan.
126 Jan.
1241a Jan.
II714 Jan.

Mll.Lakeeh.& W.— lst,6s, 19211123
Conv. debenture, 5s, 1907
102

Mich. Div.-lat. 68,1924
I116
Milw. ife North.-M. L., 68, 1910. Ill 1

b.
"
b.
b.
a.
b.

119
116
107

104%

105%

1141a Jan.
103 Jan.
102 Jan.
10038 Jan.
II2I2 Jan.
106 Jon.
126 Jan.

122i2b. 123

Jan.
IO314 101% Jan.
117 b. 1151a Jan.
no's llOia Jan.
108%b. 108% Jan.

Igt, Con., 68, 1913
|l09
Minn.
St. 1.01118— Ist, 78, 1927|103iab
Mo. Padflo— l8t, con., 68, 1920
:ilOia

&

Jan.
II514 Jan.
106 Jan.
113 Jan.
113 Jan.
109 13 Jan.
105 la Jan.
.Tan.

1

NOTH.—The letter "b" Indicates price

6fd,

and "a"

20

''UtlcaABUllv. 130
Va.Mldland...
3H

Otonng,

Rangt

Jan. lO'Jati. 17

& Tex.— Con.,

Mo. Kan.

08,

Consol., 58, 1920
CoiiBol.,7a, 1904-5-0

Mobile

Jan.
Jan.
Jan.
I13I2 Jan.
114 Jan.

110'4Jan.
106 Jan.
Jan.
116 Jan.
104 Jan.
IO312 Jan.
101 Jan.

113
107

Jan.
Jan.
1261a Jan.

& Ohio— New,

1920 7438
64

63

IIII3

Os.

1027.. 118

751a Jan.
65 Jan.
113 Jan.
116 Jan.
61 Jan.
101 Jan.
13214 Jan.
108% Jan.
103 Ks Jan.
130>s Jan.

01 la Jan.

II214

116
61

a.

BighttL

71 la Jan.

110% Jan.
115% Jan.

a.

67i4Jan.
I

b.
101 Jan.
Nash. Ch. & St. L.— let, 78, 1913!132i4b. '13214b. I32I4 Jan.
1108% 106% Jan.
Consol. 58, 1928
N. Y. Central— Extend., 58, 1893 103ia 110314b. 10338 Jan.
N. Y. C. & II.— 1st, cp., 7s, 1903 129i2b, ]129 b. 13013 Jan.
HI !lll
Debenture, Ss, 1904
Illl
Jan.
N. Y. & Harlem-lst, 78, 1900 125 b. 125 b,
N. Y. Chic. & 8f. L.— 1st, 4b, 1937 9379
94%
931a Jan.
N. Y. Elevated- 1st, 7s, 1906... 114
114 Jan.
.1128 b. 1331a Jan.
N. Y. Lack. & W.— 1st, 6s, 1921.
1

112

1923

Cons'.ruction, 58,

IllSi^b.

97

115
1141a
1131a

Midland of N. J.— let, 69, 1910
North. Pac.— Ist, coup., Os, 1921
General, 2d, coup., 1933
General, 3d, coup. 63, 1937

Ill

94% Jan.
Jan.
133>a Jan.
114

112 Jan.
97 le Jan.
115 Jan.

b.

j

ll3i4Jan.
9814 Jan.

llOiaJan.

114 '4b. 113% Jan.

881a .Tan.
Jan.
Jan.
Jan.
Jan.
1041.2b. 104% Jan.
110%li. lloiaJan.

II412 Jan.
1131a Jan.
Ill Jan.
10712 Jan.
82% Jan.
115 Jan.
109 Jan.
55 Jan.
74 14 Jan.
103 Jan.
113 Jan.
103 Jan.
104 14 Jan.
109 Jan.
101 la Jan.
10214 Jan.
70 Jan,
87 Jan.
801a Jan.
54% Jan.
4713 Jan.
82 1« Jan.
68 ''8 Jan.
39 Jan.
1161a Jan.
9014 Jan.
101
Jan.
80 Jan.
105 Jan.
11018 Jan.
105 Jan.
II Ola Jan.

110%b. 111

Jan.

III

St.L.Ark.&Tex.— l8t,6s,excoup. 891a
90
8838 Jan.
29
2d,6s,1936
27 ig
27 Jan.
St. L. & Iron Mt.— 1st, 78, 1892. 106 14b. 10614b. 100
Jan.
2d mort., 78. 1897
108'8b. 109
109 Jan.
101
Cairo & Fulton— Ist, 78, 1891 101
lOOia Jan.
102'i9 Jan.
Cairo Ark. &Tex.—lst,7s,1897l02%b. 103
Gen. R'y & land gr., 58, 1931
89
89
88 Jan.
St. L. & San Fr.—68, CI. A, 1906 IVi^eb. 112
113 Jan.
68, Class B, 1906
;... 113 b. 112 b. 113
Jan.
112 b. 113 Jan.
H3
68, Class C, 1906
General mort., 68, 1931
llliab. 112
Ill Jan.
General mort., 58, 1931
S. P. M. & M.— Dak.Ext.,68, 1910 117
b.
let consoL, 6s, 1933
II718 118 b. 115% Jan.
Do
reduced 104138 ... 100 b, 101 b.l
Col lateral trust, 5s, 1 898
1102 b.';i01i2 Jan.
Montana Ext. Ist, 48, 1937
8OI3 Jan.
37
88
85iaa.
San A.&Aran. P.— l8t,g.,68,1916
85iab.
let, gold, 6s 1926
86
86 Jan.
Slien. Val.— let, 7s, 1909, Tr. reo. 116
116 a. 115 Jan.
4Siab. 48
General 68, 1921, Trust roc... 50
Jan.
96 lab. 96 Jan.
So. Car.— lat, 6s, 1920, ex coup. 96
7 b,
Income, 68, 1931
8
71s Jan.
Bo. Pac., Ariz.— 1st, 68, 1909-10. 106 lab. 106 i«b.
114»8b,
So. Pac., Cal.— Ist, 69, 1905-12.
l8t, consol., gold, .5s, 1938.... 101 b. 1101 b. 101% Jan.
So. Pac.,N. M.— lat, 63, 1911 ... 107 b.L
107 Jan.
99 12
Tenn.C. L&Ry.—Ten.D.,l8t,63 O9I2
97 Jan.
9913
Birm. Div., let, 6s, 1917
100
9812 Jan.

91

110

. .

1

|113i8

112=8 Jan.

IIOI3

110 Jan.
Jan.
"82%" 106
8214

b.

No. Pac. Ter. Co.— 1st, 6s, 1933. 107 b.
Ohio lud. & West. *-lst, 5s, rec. S2i2b.
Ohio & Mlas.— Consol., 78, 1898.) 115 a.

Jan.

115 Jan.
109 Jan.
55 Jan.

110 a. i07 "b.
55
55 b.
2d, Income, 68, 1921
Omaha & St. L.— let, 43, 1937.. 73 b. 74
Oregon Imp. Co.— 1st, 6s, 1910. 103
102%
Ore. R. ANav. Co.— Ist, 68, 1909
112%a.
102 b. 102 lab.
Consol., 5s, 1925
110414
OPBgon ifcTranscoii'l- 6s, 1922. 104
Penn. Co. i'as, coupon, 1921.. 100 a. 109 a.
I'eo. Deo. & Evans.— l8t,63, 1920
100 b.
101 lab.
Evausv. Div.— Ist, 68, 1920.
71 a. 68 b.
2d mort., 5s, 1927
85 14
Phlla. <te Ro.id.— Gen. 4s, 1958.
86
6938
Ist pref. income Ss, 1958
70
4912
2d pref. income 5s, 1958
49
43
3d pref. Income 58, 1958
40 b.
Pittsb. & West.- let, g., 4s, 1917 81 b. 81

Soutuem- 1st,

Ohio

6s,

1021

...

7312
101 la
II012
10214

Jan.
Jan.
Jan.
Jan.
103% Jan.
108% Jan.
101 Jan.
101i« Jan.
70 Jan.
85 Jan.
68 Jan.
4S Jan.
401a Jan.
80% Jan.
681a Jan.
38 Jan.

—

1

.

68I2

& All.— let, 7s, Drexel cert.

2d mort.

,

6s, 1 9 16,

681a

38%

38H

Drexel cert.

Rich. <fc Dauv.— Con., 6s, 1915 .. 115 lab.
90 a.
Consol. gold, 58, 1936
Rioh.&W.P. Ter. —Trust 6s, 1897 100%
78I3').
Con. 1st
col. trust, 5s, 1914
Rome Wat.&Ogd.— lst,79, 1891;105 a.
Consol., extended, 5a, 1922... 110
St. Jos.
Gr. Isl.— let, 6a, 1925. 104%
St. L. Alt.
T. H.— Ist, 78, 1894
llOia
2d, mort., pref., 78, 1894
106 b.
2d, mort., income, 78, 1894 .

II6I9

&

115i3Jan.

88%

101

&

100

b.

78

78
10414b. 104
109iab. 110

&

Jan.

lOSisb.

Jan.
Jan.
Jan.
Jan.
I0II2 Jan.
103 12 Jan,
89% Jan.

29

!

108
109

.

{

113

Jai<

11314 Jan.

13

Jajt.
lliifl Jan.
]

.

. .

&

9078b. 9058 Jan.
Pac.— 1st, gold, 5s, 2000 91%
39ia
38 14 Jan.
38%
2d, gold, income, 58, 2000
lOOiab. 105
N.
Tol. A. A.
1st, 68, 1924 1061a
Jan.
107 b. IIOI4 Jan.
Tol. A. A.& Gr. Tr.— 1st, 6s, 1921 102%
Ohio Cent.— 1st, 58, 1935 102iab. 103 14 10;j Jan.
Tol.
76 b. 76 Jan.
ToL Peo. West.— Ist, 48, 1017.. 76

Tex.

&

M.—

1

&

&
Tol.St.L. & Kan.C— lst,6a,1916 100
Union Paclflc— lat,

6s, 1 899

100 la

a.
1 1 4''8b.
115 b.
.111 b.
109 b.

99

11514b.
11512b.

Staking fund, 88, 1893
Kansas I'acitlc- lat, 68, 1896
lat, 6s, 1896
Denver Dlv.—6s, 1899
113 b.
115
lat consol., 68, 1919
Oreg. Short Line— 1st, 68, 1922 115%
Virginia Mid.— Gen. m., .5s, 1936 86%

limb.
110%b.
113 b.
11408b.

115^8

87

a.

IO3I8
gold, 68, 1939.... 10313
85 14
85%
2d mort,,_gold....
58, 1939 ....
Feb., '90, coup, st'p'd. 841^1,, 83 lab.
do.
104 '>8 110459
West Shore—Guar. ,48
93 lab.
West. N. Y. & Pa.— lat, 5, 1937. 931a

IIOI2 Jan.

West. Un. Ter.—Col.

114i2Jan.

Wlieel.

price lultedi

Jan.

b.

& W.— iBt, 68, 1914.. 112 b
& W.— Ist ref., 58, 1937 0712b

N. Y. Ont.
N. Y. Bus.

Wabash— lat,

9914 Jan.
0114 .Inn.

18»0.

alnct Jan. 1.

Lotoetl.

7314

General mort., 48, 1938
59
Mutual Un. Tel.— 6. f., 6s, 1911. 102

12319 Jan.
103 14 Jan.
11714 Jan.
110% Jan.
109 Jan.

:

1,

I

80
78
ISO
40

Boinis.

.

I

2d mort,

10939 Jan.

8d, 78, 1906
Ill4H.b.i
II412 Jan.
Pac. of Mo.— let, ext., 48, 19381 oa'sb.' 99ii
98% Jan.
2d mort.. 7h. 1891
loiiaa. I0114 Jan.

24

l>*

1<S

35

1

I

1

115

I

& W.tr.re

.

77 Is Jan.
98 Jan.

io"! 41
110 125

STOCK EXCUANUE. AND BANOE SINCE JAN,

Uich.

9113b.

1

special

do.
PIttH.

241*

H8t..Io».&C)d.I(».

1247

I

Bighetl.

I

Clilc.

N

5>4
llVi'

231s

•

1,

10478
105
104 14 Jan.
9413 Ian.
Denver Division, 49, 1922 .... 93%b. 9414b. 9112 Jan.
92>4b. 92
Jan.
Nebraska Extension 48, 1927. 92
921a Jan.
118 b. 118 Jan. 118 Jan.
Chic, ii E. 111.— 1st, 8. f ., 68, 1907
120 b. 120 b. 120 Jan. 121i2Jan.
Consol. 6s, 1934
General consol. Ist.oa, 1937.. 100 a. 98 b. 97 Jan. 100 Jan.

Debenture

60

Kli!li.<kAll.lr.r.

!

pref.
do
Ob.&MixK.pfd.
PlttH.Ft.W.&O

Bailboad

EAILROAD B0SD8.
Atl.

I

87
,186

I

(i8t.L.Alt.&T.H.
19 >4 lU'-j
do.
uret.
Scioto Vallojr..
21>4l 21^1 .HoutliCarollDa
jTol. & O. Cent
158 :1S5
do.
pref.

N.Y.&Nor.pf.
Ohio Ind.&W'n

10
04

Mem. & Ch'Bfii

8

N.Y. N.

prof.

1102

24

pref.

do.

N.Y.Lack.&W
II. & II. 245

58

Mar.U.&Oiifn

3%!
08

Hi
107 >s

pref.

do.

lpitt«.4W.prcf 84
Benua. diBarii. 170

I

MorrlH&KHKex
N.Y.&narlein 250

17

Mahon'g C. R'y

25

20

Morgan'H L.&T 123

Arcmb

Kings.

j

Hous. &Tex.C.

161?

51

prct.i

7>a Keok. <& Dor M.
do.
27
j)rot.

6 "4

Fhv.C.&PcMilii.
"
do. 2d pref.
Ill.C.loaseUrs.

Cl.&Pitts.KU..
CoI.&Or'nv.nf.
do.

pref.

do.

I

Ch.&AIti)n,|if.

Den.

DesM. &Ft. D.

Bid. lAak.

I

I

3g., 58C., 1927
tr., 59, 1938
Lake E.— lat, 58, 1926
Wis. Cent. Co.— l8t. g., 5s, 1937.
Income. 58. 1937

29%

I

30

a.

101%b. 102
!103

ir

98%
6838

I

I

98

67

aU otUer prices and the range are from actual eatos.

b.

!

Jan.
Ill Jan.
II514 Jan.
lllia Jan.
110 Jan.
113 Jan.
114% Jan.
114 Jan.
86 Jan,
102 Jan.
83% Jan.
8214 Jan.
104 14 Jan.
9214 Jan.
29 Jan.
100 13 Jan.
105 Jan.
OCg Jan.
6014 Jan.

IllSiaJan.
I

101%
89

86
116
.50

96
9

Jon.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.

10218 Jan.
10718 Jan.
100 Jan.
100 Jan.
92 Jan.
sg^s Jan.
107 13 Jan.
IIO14 Jan.

103 14 Jan.!
7618 Jan.
100 19 Jan.
111 Jan.
11513 Jon.

112 Jan.
110 la Jan.
113 Jan,
115 Job.
116 Jan,
87 Jon.

103% Jan.
85% Jan.

B2%

Jan.
Jan.
Jan.
3013 Jan.
10213 Jan.
10512 Jan.
09 Jan.
69 Jan.

105

04

THE

96

CHR0N1CI.K.

[Vol. L,

GENERAL QUOTATIONS OP STOCKS AND BONDS.

other quotations are frequeitly made par Boare.
OnAtsHmia n°
In Nbw York reoresent the par cent value, whatever the par may be;
'
«'^»raateed: •• eni," for eadorsed
aS?rev7aMJn?^r\^otten f/earylz.: • M" for m^ripKe
S-'l^J.^o^^- "«,<'" '"'
§h?foU^'
" l.g.. 'orland grant.
for consolidated: " oort." for convertible; " B. f.." for Binklnit aund;
mall
late
dates.
to
oi
tle«,
other
from
Tiiursday
Quotations lu New York are to
aa»tatlon«.
Sobsorlbera will conftor a ftvor by giring notice of agy error uncovered In theae
;

.

;

;

United Status

Bid.

Boin>s.

UNITED STATES BONDS.
re,?..Q—
coup.. Q—

i^ailSei
i><s, 1881
4s, 1907
«s, 1907
6t, Currency,
es. Currency,
6«, Currency,
«s, C\irrency,
6a, Currency,

reK...Q—
1895
1896
1897
1898
1899

.0—
JAJ

coup..
reg

JAJ
JAJ

reg
reg

reg.. ..JAJ

JAJ

reg

STATE SEOURITIES.
Alabama—Class "A," 4
01a8S"B,"68, 1906
Caa«8"C," 48, 1906
6a, 10-20, 1900

to 5, 1906..

Baltimore— (Continued) 104 19 105
6s, bounty, exempt, 1893.. M A 8
MAN lOfi
1041« 105
5b, water, 1894
Q— 1'20
68,1900
126 126»s
JAJ 121
1902....
RR.,
Md.
West.
6s,
125
1261s
MAN 126
116
58, 1916
111
Q—
19"20
118
4s,
Bangor, Me.— Water,6», 1905. JAJ 123
120
107
JAJ,
1894
68,
&
N.
RR.
E.
A.
123
Var 104
Bath, .Me.—68, 1902
129
100
JAJ
1907
4»s%.

Me.— 6s, railroad ald,'98. .
Boston, Mass.— Watt>r 68,1906 .Var,
Var;
Water 58. gold, 1906
Var!
Water 4s. 1917
Belfast,

106'a

109

Water

101

AJ
Arkansas— 6b, funding. 1899. J A J
7e, L. R. A Ft. 8.l8flue,1900. A A O
78, Memphis A L. R., 1899. A A O
78,L. R. P.B.AN.O.,1900-A AO
78, Miss. O. A R.RIv.,1900.A A O
78, Ark. Central RR.,1900.A A O
78, Levee of 1871, 1900.... J A J
J

14
9
9
9
9
7

Siss.

1917

AAO

Brooklyn. N.Y.—Park7s, 1924. JAJ!
JAJ
Bridge 78, 1924

Park

JAJ

Bridge
Bridge

JAJ.

6s, 1924
5b, 1919
4s. 1926
Water 38, 1905
3s, exempt, 1906-13
Buffalo, N.Y.— 7s. 19i4-6
Water 5b, 1893-9
Water 4b, 1904
Water 3158, 1905
Water 3s, 1916

19

15
10

New

5

Oonnectlc't-New,rg.,3'«8,1903.JAJ JlOO
'5 100
New, reg. or coup., 38, 1910
Dakota Ter.- 5b. 10-208 of 1887 ...
4>«a. 10-208 of 1887
DlstCol.— Con4.3-658,1924,cp. FAA 125

JAJ
JAJ)

Montgomery, Ala.—6s
115

JAJ

AAO
MAS
JAJl
FAA

58, new
Newark—48, 1906
4is8, 1896
6s, 1909
68, 1910
78, 1899
78, Aqueduct,

Var
Var
Var

1905
108
New Bedford,Mas8.— 68, 1909. AAO
AAO
106
31SB, 1910
103
N. Brunswick, N. J.— 7B,water, 1904
Var
107 109
69, 1906
New Orleans, La.— Premium Ss ...
1321s 133
JAJ
121 I2II4
Cons. 68, 1923, extended
JAD
112 1121s
58,1934
MAN
IO219 104
N.Y. City— 78, 1900
MAN
165
170
68, 1900
JAJ
165
170
68, gold, 1901
MAN
155
161
58, 1908
MAN
135 140
53, gold, 1896
MAN
118
121
48, 1906
3i«8, 1904
MAN
101
103
103
3iss, 1904, Exempt
106
i24

3s,

113
105
ICO
104
116
5122
^114
132
§133 "s
5100
112
105

1071s

102%
105
117
124
116
135
135
102

14878 1491s

109% 111
IO314

6135
5126
5130

AAO

1907

New 2148

131
112
114
107
106
103

100

Var 115

Norfolk,Va.— 6s, 1914
88, Water, 1901

107
105

ABk.

Bid.

CITT SECUKITIBS.

Ask.

Bid.

OITT BECOBITIBa.

Ask.

MAN

129

103
117
132

AAO
102
5s, 1916
AAO 5113 115
Norwich, Ct.— 58, 1907
Cambrldge,Ma38.-Water68,'96.JAJ, 114 115
J.AJ 5135 137
JAJ VJH 130
78,1905
City 68, 1901
Funding 5s, 1899
JAJ 109
5100
3i«p,
Is
IO2I9
1891
Var 101
Omaha, Neb.— 63,
1911
Water
Perm. Imp. 68, guar., 1891 .JAJ 102 »»
5116
Orange, N. J.— 7s, long
Perm. Imp. 78, 1891
JAJ 103 i^ 104=8 Charleston, 8.C.—Conv.78,'97. AAO 106
1-27
128
PaterBon, N. J.— 78, 1900
JAJ 82
Conv. Is, 1909
Wash.— Fuud.loan(Cong.)68,g.,'92 1031^
I2II3
119
11 Sis
68, 1901
Chicago, 111.-78,1892-99
Fund. loan(Leg.;68,g.. 1902Var 122
105
103
11.1
4b, 1908
1041*
68,1895
Market stock, 7s, 1892
JAJ 110 112
4i«8, 1900
106
Petersb'org, Va, 68
131
Water stock, 78, 1901
JAJ 125 130
102
88
133
3-658, 1902
do
7b, 1903
125 130
108
8b, special tax
Cook Co. 78,1892
Florida—Consol. gold 68
JAJ (110
107
Philadelphia, Pa.—6s,1895.... JAJ 114
lOl'e 10218
Cook Co. .58, 1899
Oeorgia -7s, gold bonds, 1890. Q—
137
JAJ
1904-!)-6
106
63,
116
4148,
1900
118
CookCo.
4HIS, 1915
JAJ
JAJ 119 120
102
Pitt3burg, Pa.-53, 1913
Louisiana— New con. 78, 1914.JAJ 105
West Chicago Ss, 1S90
Var 135
104% ......
94
78, 1912
Stamped 4 per ct^nt
95
Lincoln Park 78, 1895
iii"
102
Baby bonds, 3s, 1886
78, water, reg. Acp., 1898..AAO. 126
West Park 78, 1890
FAA
JAD 1C9 110
103
103
48, 1915
Maine— New 3s
South Park 6s, 1899
120
122
JAJ
IO2I9 Cincinnati, O. -7-30S, 1902 ...JAJ il3338
68, Consol., 1904 reg
liaiyland-38, gold. 1903
JAJ
Portland,Me.— 6s, R K. Aid, 1907M AS 125 126
Var
8-658, 1899
JAJ 106 >4
78, 1903
103
102
JAJ
4s, funded, 1912
Var
102% 68, 1909
Ma88aohU8ett8-58,gold, 1891..A&0 102
1051s
Portsmouth, N.H.— 6s, '93, RR..rA.I 10.1
MAN
68, gold, 1894
JAJ 5 108 "a 10b%
6s, gold, 1906
Poughkeepsie. N. Y.— 7s, water long 141
Ss, gold, 1897
Var
MAS 114 11413 48, 1905
Hlohlgan— 7b, 1890
Providence, R.I.— 58,g.,1900...JAJ 1131s iu'
JAJ
MAN 102
48, 1908, City Hall
105% 68, gold, 1900, water loan.. J A J 121 1211s
Minnesota— Ad). 4is8, 1912, 10-30. 5100 lOSifl
4s, 30-508, sink, fund, 1931. JAJ
JAD 10714 108 ifl
MlBSonrl- Fund, bonds, '94-95.JAJ 110
Ik.
fund,
VfAN
1930.
41SS, 1899
5s, 30-508, si
MAS lOOHi 102
Long bonds, '89-90
31SS, gold, 1916
Hamlltim County 48...
J A J 100
34
N.
J.-Old
7s
Asylum or University, 1 892 .J A J 102
Rahway,
A.40
Cleveland, 0.-78, 1994
85
70
Hew Hauipsblre- 58, 1892
New adjustment, 48
MAS
JAJ 103 1031* 6s, 1900
119
118%
JAJ
1914
Richmond,
Va.—
68,
War loan, 68, 1894
JAD
JAJ 110 111
5s, 1907
JAJ 138 140
War loan, 6s, 1905
8s, 1909
JAJ
4b, 1903
JAJ 131 132
JAJ 110 115
Sew Jersey—68, 1897-1902.. ..JAJ
Var
5s, 1921 A 1922
ColombuB, Ga.— 78
100 103
68. exempt, 1896
4s, 1920
58
JAJ
.. 5141
Water,1903
Hew York— 68. gold, 1892 A A O 108
Rochester, N. r.— 7s,
Covington. Ky.— 7-308,1892 FAA
FAA 103
48, 1912
^68, gold, 1893
7-308 Waterworks, 1890.. ..AAO
AAO 108
FAA 110
Ho.Carollna— 6s,old, 1886-'98.JAJ
35
45
JAJ
8t. Joseph, Mo.— 6s, 1903
4s, 1927,new
FAA 98
6e N. C. RR., 1883-5
Comp'mi8e48, 1901
180
FAA
JAJ
58, 1920
Var 115 U8>a
6s
do
St. Louis, Mo.— 68, 1899
7 coupons off ...A&O 150
Dallas, Texas— 88, 1904
109 110
6s,fnDdingactof 1866 1900.JAJ
10
6s, gold, 1894
Water, 68, 1900
111
109
68, new bonds. 1892-8.'.
53, 1900
JAJ 20
58, Street Improvement, 1928... 105
1041s 106
6s, Chatham RR
43,1905
5
FAA 6112
9
Detroit, Mich.— 79, 1894
A&O
102
lom
8i«
68, special tax,ola88 l,1898-9AAO
3-658, 1907
10
JAD Jl28
6s, W. L., 1906
3i«8, 1911
AAO 124
48, new, cons., 1910
97
JAD J 100 Is
St. L. Co.— 68,1905
J A J 96
ioi"
100
80
68,1919
at. Paul, Minn.—48, 1912
AAO 124 128 Elizabeth, N. J.—New 43.1922 JAJ 80
1071s 108
Penna.— 5s, new,reg.,'92-1902.FAA
4183, 1916
EvansviUe, lQd.,oomprom. 48,1912
116
115%
4s, reg., 1912
5s. 1915
FAA 12i 123 Fi tcUbure, Mass.— 68.'91,W.L.. JAJ 51021*
122
121
El»«^e Isl'd— 6b, 1893-4, coup. J AJ
63, 1904.
Galveston, Tex.-8s,1893-1909.MA8 -101
121
1201s
8 oath Carolina— 68,Non-funi,1888
JAD
7s, 1898
5
58, 1920
1-24
1211s
Brown consols
104
Hartford, Conn.—6s, 1897
JAJ
8s, l»-97
106
1071s
Tennessee— 6s, unfunded
Savannah— F-d 5s, cons,1909.Q—
10-25 years,4iss, 18a0-1905.JAJ
131 14
Compromise bonds,3-4-5-6s, 1912
AAO
Springtteld, Mass.— 68, 1905.. AAO 131
Hoboken, N. J.-7S, 1892
Settlement, 68, 1913
AAO 137 138
108
JAD
7s, 1903, water loan
Improvement 6s, 1898
123
Settlement, Ss, 1913
MAN
Toledo, O.— 7-308, RR., 1900. M A N 121
105
do
58,1901
73i« Houston, Tex.— 63
Settlement, 3s, 1913. ...
Var 112 115
8s, 1893-94
115
Var
T6xa«-6s, 1892
1141s
1899
Compromise
1918
58,
63,
MAS
7s, gold, 1890-1910
AAO 10214^103
58,1893-1913
Indianapoli8,Ind.-"D"7-3,'99.JAJ
MAS
101
99
^7s, gold, 1904
Var.jv
1913
JAJ
4s,
6s, 1897
J&J.
Virginia— 68, old, 1886-'95...J A J
Washington, D.C.— See Dist. of Col.
Jersey City— Water 7s, 1902. ..Var
6s, new bonds, 1886-1895.. J A J
Worcester, Mass.— 68, 1892.. .A&O 105i4'l05ia
Water 6s, 1907
J*J
AAO 117 1118
08, consuls, 1905. ex-coup
45
FA.4.
58,1905
Fuudinges, 1909
JAJ 32
AAO 106% 107
118
6«, consol., 2d series
48, 1905
Hudson County 5s, 1905.... MAS
JAJ 50
OS, deferred bonus. Trust rec
JAD IOII4 101%
3148. 1905
Hudson County, 68, 1905
JAJ
81s
Tax-rec' vable coups., from conB'ls
BONDS.
BAIliUOAU
Hudson County 7h. 1891. ...JAD
Do
(Bonds 0/ eompatiies consortedvUt
from 10-408.
JAJ
23
Bayonue City, 7s, long
newSsCRlddlebergerj.igsz.JAJ 66
be found under the consol'd name.)
Kansas City, Mo.— Ss, 1896... Var
119
1.0-40s,cp. A reg.,3 to5,1919.J&J
MAS
Ala. Gt. Southern— Ist mort., 190s «116
37
7s, 1893
consol. coupon, new
Debenture BCrip, 6a, gold, 1906.. el09 111
30
Lawrence, Mass. — 68, 1894. ..AA O
elOO 102
do
Gen'l mort. Ss, 1927
non-fiindable ''.
AAO
20
68.1900
99
90
Alaba na Mldland-lst, 63, 1928...
Long Island City, N. Y— W»ter.78.
74
CITS SECURITIES.
Var
Ala. N. O. T. Ac. 1st deb. 6s, 1907. e 70
Louisville, Ky.-73, 1903
53
e
49
JAD
2ddebent. 6s, 1907
Var
68,1897
133
Albany, N.Y.— 78, 1910-16. ..MAN
10-408, 58, 1930
MAN
Alb'y ASusq.— Cons. 73, 1906, guar. 127
123
68, 1915 to 1919
MAN
Consul, mort.,63,1900, guar.AAO
JAJ
4a, 1923
48, 1920 to 1930
W2Hi Ulegh. Val.—Gen. M., 73-108. JAJ 110
MAN
Lowell,Ma8B.— 68,1890, W. L.M&N
37
Allegheny, Pa.—S^cp., '87-97. Var.
AAO 36
106
Lynchburg, Va.— 6s, 1901-1. ..JAJ
lucerne, 7b, end., 1894
821* 821a
4>ss, coup., 1885-1901
Var.
jitch.-r. AS. Fe— new 4s, wheniss
105
.'....JAJ
88, 1905
52
51%!
4s, coup., 1901
Var.
Lynn, Mass.- Water loan, 6s,'94. JAJ
New Incomes, when issued
Allegheny Co., 5s, op., Itfls.JAJ
105
Water loau, 68, '96
Atch. Top. A S.Fc— lst,78,'99.JAJ, 119i4!ll9i«
JAJ
48, riot loan, 5-108
101
MAN
Land grant,78, g., 1900 ....AAO, 111 Ill's
5s, 1905
48, riot loan, 10-208
JAD, 98isi 99
101
Macon, Ga.—68, 1909
Sinking fund, 68, 1911
95
48, refunded. 5-20s. 1891-1906...
AAOJ 93
lfi3
Manchester, N.H.- -6s, 1894.. JAJ.
5s, 1909 (1st mort.)
4s. Court Houso, 190^, reg.. JAJ
73
72
MAS106
plain
bonds,
1920
63,1902
JiU.
58,
Atlanta, Oa.— 8s, 1902
AAO 79 80
4IS8, 1920
JAJ
120
48, 1911
Water 78, 1901
76
761s
Memphis, Tenn.— Camp. 6e, 1907..
Collateral Trust, 5s, 1937. .FAA
JAJ
Cs, 1895-6
100
JiJ
Tax Dlst., 68, 1913
Guar. fd. Os, notes, 1891. ..M&N 5 95
J&J
102
68. 19U-15
101
g.,1926.JAJ
-1st
6s,
Callfor.
So.
JiJ
TaxDlst.,68, 1915.....
JAJ
4>fl8, 1916
MAS 41% 42
Income 6a, 1926
JAJ
105
Minneapolis, Mian. -8s, 1892. JAD
Augusta, Me.—68, 1905, Fund .JAJ
122
Chic. A St. L.— 1st 68, 1915. MAS:
7s, 1901
JAJ
.

—

. . .

.

,

'

.

Angusta, Ga.— 78, 1900-2
Va
6s, 1905
J\„
Caltlmore- 6s, consol., 1890.. Q-J
68, P»rk. 1890
Q-M
68, bounty, 1893
P

MA

'

Prloe nominal;

no late transaotlous.

110

Chic. San.Fe A Cal.-lst 58,1937
Gulf Col AS.Fe.,l8t,7s.l909JAJ

4138, 191215
48, li)15-17

} Paro'iaser also

pays accrued Interest.

85
115 116
AAO' 74%' 751s
1923
Cowl. Smu.A Ft.S— 78,1909. AAO 110 [111
Kan. C. Emp. & 80.— 1st 's, 1909 111 112

Gold

Milwaukee,Wi8.— Water7B,'02.JAJ
Water 49, 1906-7
JAJ
Mobile, Ala.-4-.5B, funded, 1906JA.T

84
e la

London.

6s,

^ Coupons ou since 186 J.

i

January

THE CHRONICLE.

18, 1690.1

GENERAL QUOTATIOXS

OB^

97

STOCKS AND BONDS—UoxrisaBO.

For Explanation* See Note* at Head of Flr«t Paxe of Qaotallon*.
Hailsoad Bonn.

A

Pe— (Oontlniiedt—
Har'n & McP.— 1st 78,1 909. A&O
Wloh. * West.— l8t 08,1914. J&
Florence A El Dor'rto,lHt.78.AAO

Atob. Top.

.M&9

Texas Dlv., 1st 58, 1927 ..M&8
Income 6s, 1927
K.O.Topeka&W.,l8tM.,78.(?..J&J

income 7h. MAS
do
N.Mex.ASo.Pao.lBt,78,1909.AAO
Pneblo A Ark. v.. 1st, 78, «.,1905.
Bonora, iBt, 78. 1910, RUar.. JAJ
WlchltaAM.W.,lBt,7a,K.,Kiia..l902

Atlanta A (Jharlotte Air L.— l8t.7s
AAO
Income. 6h, 1900
Atlantic City— l8t,5s,g.,\919.MAN
Atlan. A Dan.— Istft. b8,1917.AAO
Atlantic A Pao.— lBt48, 1937.. JAJ
2(L KU. g. B.f.G9.1907. .MAS
Incoraes. 1910
Central Div., old 6b, 1891
Incomes, 68, 1922
do
aoc. Id. gr. 68.1891
do

W. D.,
W. D.

AAO

JllOJa Ill

85
112
83
82
Sterling mort., 68, g., 1903.. JAJ
76
75
Bd8. Kan. C. llne,6H,g.,ig03.MAN
90>< 91
MlBS.Riv.Bridge, l8t.,».f.,68,1912
115
116
Lrals'aA Mo.R.,lRt,7s,1900FAA
HI 112
I,oul8'aAM(>.R.,2il,78,1900MAN
fill's 113
8t.L.Jaoks'v.AC., lBt,7»,'94.AAO
do l8tguar.(.')(!4).78,'»4AAO
1141s 115
76>»
76
do 2dM. (300), 78, '98. .JAJ
111
112
do 2dguar. (188)'7«,'98.JAJ
117 120
Cblo.A Atlantic— l8t, 6b,1920.MAN
105
2d, 68, 1923
FAA
105
<aio. B. A Q.— Cons., 7», 1903 JAJ
93>« 101
Bonds, 5s, 1895
JAD
73 >s
88, sinking fund, 1901
AAO
58, debenture, 1913
MAN
11
13
Iowa Div. 58, 1919
AAO
100
Iowa Div., 48, 1919
AAO
15
25
48, Denver Ext., 1922
FAA
20
48, plain bonds, 1921
MAS
Plam, 7e, 1896
lAJ
101
Neb. Ext., 4a, 1927
MAN
109 k
Bur. A Mo. R., I'd M., 78,'93.AAO
84

{111

.

A KnoxT.— 7s, 1900 ..JAJ
AAO
A Ohio -New 48
FAA
6s gold, 1925
FAA HO
Ctonsol. gold 59, 1988
Parker8burgBr.,68, 1919... AAO 121
BchuylklU Rlv. RaBt Side 5b, 1935 104
Bterllng, 4's8, 1933
AAO elOl
Bterlmg, 5b, 1927
JAD elG5
MAS el08
BterUng, Bs, 1895

Augusta

Baltimore

Sterling mort,, 68,

do

g.,

6a, g.,

1902. .MAS ell4
1910. MAN el21
125

i25"
90

Beech Creek— lat.g'ld, 48,1936,JAJ
Bell's

Gap— iBt,

1893

78,

JAJ
...AAO

1091s

Consol., 68, 1913
BelyldereDel.— l9t,68,o.,1902.JAI)
Cong. 4s, 1927
FAA
Boston A Albany— 78, 1892. ..FAA
68,1895
JAJ
BOBt.Ccno. A Mon.— Dons. 78, 1893
Consol. mort., 6s, 1893
AAO'
Impiovement 6s, 1911
JAJ
Boston A Lowell— 78, 1892. ..AAO
6s, 1896
JAJ
68, 1899
JAJ
48,190(5-6-7
4>88,

104i»

HI
1061*
1121s

li;
104 14
109
109
112

BoBton A Maine— 78, 1893
JAJ
78,1394
JAJ
A Providence—78, 1893.JAJ

HI

Best.

Bost.ARevereB'h— l8t,68,'97.JAJ
Bradf.Eld. A

114

A K.— I8t,6s, 1932

Cuba— l8t.68,1932JAJ

Brooklyn Elo.— Ist, 68, 1924. .AAO
2dmortg, 58, 1915
JAJ
Union Kl.— Ist, 68, 1938. ...MAN
Brims. A West, Ist, 48, 1938.. .)AJ
Bufl. Brad.A P.— «en.M.78,'96.J&J
Bufl.N. Y.AErie— Ist, 78. 1916.JAD
Buff.Roch. A Pittsb.- Gen.Ss, 1937
Kocli. A P., 1st, 6.", 1921. ...FAA
Consul., Ist «8,

1922

JAIJ

B ifl.A Southwest.—68. 1908.. J.AJ
Burl. C. R. A N.— l8t.58,new, 1906
Cons.lst Acol. tr., 58,1934. .AAO
Iowa C. A W., l8t, 7s, 1909. MAS
0. Kap.I.F.A N.,l8t,6s,1920.AAO
do
let, 58, 1921
AAO
OaUIor. Pac— lBtM.,4ij8,1912JAJ

112

US

143

114

118

911s

95
90
90

9713

96

112

98

9314

107
1021s 103

106
121

74

76

1895
MiN
Atch.Col.APac.,lst,G8,1905Q.—
Atoh.J.Co.AW., l8t,6s, 1905.4,—

Sav.AWost., let, guar., 1929 MAS
Central ot N. J.— let,78, 1890.FAA
Gen. mort, 58, 1987
JAJ

MAN
Q—

78, conv., 1902
Consol. M., 78, 1899

98
96
101
1000b 101

101

103% 1033*
HII4
l'2"i"

Conv. deben. 68, 1908
MAN' 122
Am. Dk.A Imp. Co., 58,1921 .JAJ 10:i HO
Leh.AWil.- (;on.78,g.,1900,a88.Q 115 118
Mortgage 58, 1912
MAN 99 103
Cent. Ohio— iBt M., 68, 1890. .MAS 102isl
Beorg. cone. 1st, 4i£8, 1930. MAS
97»3
Central Pacltic—
Ist, 68, gold, 1895
JAJ Ill nils
iBt, 68, gold, 1896
JAJ IIII4 112
let, 68, gold, 1897
JAJ II2I4 113
ist, 68, gold, 1898
J A.) 113^
B.Joaquin, lstM.,68,g.l900.AAO 112
Gal. A Or. C.P.bondB, 68,£.'92 JAJ !l04
106
Land grant M., 6s, g., 1890. AAO 10214
Mort., gold, guar., 58, 1939. AAO 1021a
West. Pacif., let, 68, g., '99.. JAJ llOis
Central of So. Car. 1st 68,1921.J AJ 104
105
Charlea.Cin. A C. 1 et g.oe, 1947.Q -J
93
94
Unari'te Col.AA.— Cou8.,78,'95.J AJ 108
2d mort., 7e, 1910
AAO 118
Consol., gold, 68, 1933
JAJ 105 107
Chartier8-l8t,78, 1901
AAO 120
CheB.AOhli).— Pur.money fa..68'»S 112
1

Series A, 68, 1908, coups, off
68, 1911
Cliee. AOhlo
*

Ry. latSs,

Price nominal

;

.AAO

AAO

1939.MAN

too
108

118

AL,
FAA
.•••
A F. W.— lat,7s,lU21JAl) .114 1117
(JInn.Sand.A Clev.— 6s, 1900. .FAA lomioa
2(1 mort., 7s, 1890
JAD .iooi« 101

111%
ili"*

-

Cln. Rich.

118

76"

Consol. mort...5s, 1928
JAJ 103>tlOS
Cln.ASp.- 78,C.C'.C.A I.,1901.AAO «115 .....m
78, guar., L8.AM.8., 1901.. AAO •116
Cln.Wa8h.AB.— l8t,4iiis-6a.Tr.r<M).
09
2d mort., 5s, 1931, Trust reo. JAJ 67
3d, g.,3s-4s, 1931, Tr. re«..FAA
84
Income 5s, 1931, Tnist reo
14
IS

32
126
61011s ioi"

106
104 1« 105
112
951. 96 4

Bait. Short L., let, 78, 1893. JAD

93% 94% Clearf. A Jeff.— lat. 6a, 19'J7 .JAJ II414
90 Is 92% Clev.AkrouACol.— lat,6s,1926JAJ tl03
Jlllis 112
(Jen. M., g., 5b, 1927
MAs'l 97>i
97^
I

1

9238

.

..-•
^^

"
ACanton-let, 5a. 1917.JAJI 94
94>«
^109% 110
Clev.Ckjl.Clu.AInd.— lst78,'99MAN 120>t •••
Bur.A Mo.(Neb.), 1 8t,e8,1918. JAJ lJll9l4 1191s
Consol. mort., 7s, 1914
130
JAD
do Cons, 68, non-ez..JAJ J 107% 108
Cons. 8. F., 7s, 1914
JAJ
do 48, (Neb.), 1910... JAJ S 89% 90
Gen. oon. 68, 1934
JAJ 113% 119
do Neb.RR,l8t,78,'96AAO llli« 112
Belief. A Ind. M., 7s, 1899. .JAJ 115
do Om.AS.W.,l8t,88,18it0 117 1171s Clevc. A Mah.Val.— G. 5s, laSp^JAJ 105
_^
Ul. Grand Tr., lat. 8s. '90. ..AAO 101
lOlVi Cnev. A Pitts.—4th M., 68, 1892. JAJ 102«« 103
Ott. Osw. A Fox K., 88, 1900. JAJ. 120
1201)
Consol. 8. F., 7s, 1900
MAN 126
QuincyA Ware'w, let, 8b, '90. JAJ 1021s 103
Colorado Mid.— 1st, Os. 1936.. JAD
Atoli'n A Neb.— Ist, 78,1908 MAS 125ia:i26
'Mumbia A Gr.- Ist, 6s, 1916. JAJ 103 105
Kspub. Val.. l8t, 6s, 1919.. .JAJ 107 IO714
2d mort.. 68. 1923
AAO 88
Ohio. Burl.A Nor.— 58, 1928. .AAO 102
Ool.ACin.Mld.— lst,68,Tr. otfa.JAJ
90
^^
Zd, 68, 1918
JAD 94
94ifl Colum. Hook.V. A T.— Con.5a,1931
76
78
Debent. 69, 1896
JADI 94
Gen. 68 gold, 1904
95
76
JAD
Equipment 7a, 1903
FAA! 99 100
Col.AHock.V.— l8tM.,78,'97.AAO J 107 111
Chlo. Kan. A West'n.— let, 68, 1926 S"76
do
77
2d M., 78, 1892.JA.1 4100
17% I8I3 Ool. A Toledo— l8t7s,1905.. FAA {113>s H7
Income 68, 1926
Chic. A East 111.— 1 st mort. 6b, 1907
do
118
2d mort., 1900. MAS 5100
lst.eon.,6B, gold, 1934 .... AAO i20"
OhloAW.Va.,l8t,8.f.,78,l>»iOMAN Sll3>(
Gen. con., 1st, .58, 1937
MAN 98 931s Col.8Briugf.AC.—lat. 78,1901. MAS 5112 114
Col. A Rome.— let, 68. gu.Ceiit. (in. 107
Chic. A Gr. Trunk-lst, 63., 1900.. 104
100
Chic. A Gt. W.- let, g.,58,1936.JAD
Col.A West.-lst, 68.guar.Ont. (Ja. 100 110
Cb.AInd.CoalR'y,lat5s,1936 JAJ "991a 1021s Col. A Xenia— IstM., 7s,1390.MA8 6100%!
Conn. APassump.— M.,78,'93.AAO §109*4 109>t
Chic. Mil. A St. Paul—
Conn. West.— 1st M., 78, 1900. JAJ I 21
2t
F. du C. Dlv., Ist, 88, 1898. FAA 12614
llTHi
M.,
D.,2d
7
3-108,1898..
FAA
P.
Connecting (Phila.)— 1st, 6a ..MAS 122<«
R.D., Ist, $, gold, 78, 1902 ..JAJ 1321s
Conaol.RR.of Vt., 1st, Ss, 1913. JAJ § 87% 88
La. C, Ist M., 78,1893
JAJ HOis 112 Cor. Cow. A Ant.— Deb.68, '9iMAN
JAJ llS-s 119
Cumb. APenn.— lat6e.'91....MA8
I. & M., Ist M., 7s, 1897
115
I'a. A Dak., 1st M., 78, 1899. JAJ
Cumberl.Val.— l8tM.,88,1904.AAO
;-„-„•;Haet. A Dak.Ex. lst,78, 1910.JAJ 1221s 123
Dayton AMlch.— Con. 58,1911. JAJ '4107«s 108*4
do
58, 1910
JAJ 102
Dayton A Union— 1st, 78, 1909JAD {125
Ohio. A Mil., Ist M.,78, 1903. JAJ 123
Dayt.A West.— l8tM.,68, 1905.JAJ }U3>s
128%
Consol.. 7s, 1905
JAJ 124% I25I8
Ist mort., 78,1905
JAJ i
let .M., I. A D. E.xt., 78, 1908JAJ I24>4
Delaware— Mort., 68, guar.,'95. JAJ 117
let M.,08, S'thwcst Dlv.l909JAJ 113% i'uis Del.A Bound B'k—lBt,78,1905FAA 13.S
1st M., 58. La C. A Dav.l919JAJ 102 !«
Del.Lack.A W.- <;onv.7«,1892 JAD 106
80. Minn, lat 68,1910
JAJ 114 115"
Mort. 78. 1907
MAS 135 137
Cble. A Pac. Div. 68, 1910 ...JAJ 1151s
Den. AR. d. Ist 78,gold, 1900. MAN 118
do West Div., 5s,1921. JAJ 106
let con. 48, 1936
JAJ 77 "77>J
Chic. A Mo. Riv. 58, 1926.... JAJ 102
Impr., g., 58, 1928
IO214
IAD 82 "9»"'
Mineral Pt. Div., 58, 1910... JAJ 103
Denv.A Rio G.W.— l8t.63,a88.Tr.ro.
97%
Chic. A L. Sup. Div., 58, 1921JAJ 103
Dee Moines A Fort Dodge.—
106
Wle. AMinn. Div., Ss, 1921. .JAJ 102
Guar. 4s, 1906
103
JAJ 82
Terminal Sa, g., 1914
53
JAJ 103%
let mort., guar., 2>ss, 1905 ..JAJ
81
Dubuque Div., let. 6b, 1920-JAJ SI 12% 113
Ist M., on Ext.,guar. 48,190.^JAJ|
Wis. Val. Dlv., Ist, 68, 1920. JAJ $10314 1051s Det.AB.C.l8t,88,en.M.C.1902MAN $.
101
Fargo A South.- 68.a88.1924.JAJ
Det. B. C. A Alp.. l9t,6s. 1913. .JAJ
"93
Inc. conv. sin. fund 5b, 1916. JAJ
Det.G.HavenAMil.—Equip.68,1918 «115 120
Dak. A Gt. So. 58, 1916
JAJ 9713
Con.M., guar. 6s, 1918
AAO ell5 120
Gen. g. 4s. ser. A., 1989
Det. L. A North.— let, 7s, 1907.JAJ 6104% 106
JAJ OS's
(Mc.A NortUw.— Con.78,1915.Q— 1421s 144
Gr.Rip.L.A D., -l8t,58,1927.MA9
5
~
CousoL.gold, 7s, cp., 1902. .JAD 126 128
Det. Maok.A
M.— Ld. gr. 3is8, S. A. 31
Sinking fund, 6b, 1929
Dub.A S. City— lBt,2d D1t..'94 JAJ 107
AAO 115
do
58,1929
AAO 108 109 DulutU A [ronR.— l8t,58,1937.AAO 101
debent., 58,1933.MAN 110
do
92%
nils Daluth 8. 8h. A AtL— 58,1037.JA J 92
Exten. bds. 4s, 1926
FAA 97
Dunk.A.V.AP.— l8t,78,g..l900JAD 110
98
25-yre. deb. 58, 1909
MAN 105
E.Tenn.Va.AGa.—
Escan.AL.8up., Ist, 6s, 1901.JAJ 108
120
let, 78,1900....
JAJ
Dee M.AMinu'8,l8t,78,1907.FAA
JAJ 108%
Divisional, 58, 1930
M.,
104%
105
Iowa Mid., let
88, 1900. AAO 126
MAN
CJonsol. 5e, g., 1956
93
Peninsula, Ist, conv., 78,'98. MAS 121
JAD 90
IstExt., gold, 58, 1937
Chic. A Mil., 1st M.,76, '98.. JAJ 119
92% 94
Equip. Aimp., g., .58, 1338. .MAS
88
Mil. A Mad., 1st, 6s, 1905. .M.AS. 116
Mobild A Birui.. let, .59,1937.JAJ
Madison Ext., Ist, 78, 1911. AAO U33
Kaoxv. A Ohio,l8t, 68, 1925. JAJ 108 108 >•
Menominee Ext.,l3t,7a,19HJAD >133
JAJ 113 45"
Ala. Cent., 1st, 6e, 1918
38
Northwest.Uu.. lst.7a, 1917. MAS )135
East. A W. Ry., Ala, -1st, 68, 1926
WinouaASt. Pet.— 2d78, 1907M AN 129=8
Eastern, Mass.— 88, g.,1900. .MAS §125% 12s
Ott. C. F. A St. P., 98. 1909.. MAS 1081s
Easton A Amboy-M..5.s.l920.MAN 116
103
North. Ills., 1st, 58, 1910.. ..MAS
Elizab.Le.x.A Big S.- tj«. 1902.MA8
Chic. AToiUHh.— l8t,6a.'05.MAN
118
ElmiraAW'iuspt— iBt 68,1910. JAJ 120 ...MS
AAO 107
Cedar R. A Mo.— Ist, 78, '91. FAA
Perpetual 5j
1031s
...-•«
MAN
let mort., 7«, 1916
1341s Erie A Pittsb.- '^d, 78, 1890. .AAO §100
113
JAJ
123
^,
2d mort., 78, 1909, guar... JAD
Cons, mort,, 7s, 1898
AAO §...._ 107
8. C.A Pac, 1st, 68, 1898. .JAJ
108
Equipment, 7s, 1900
Chio.Peo. A St. L.-Giu 5s,1928.MAS
92
Evans.A Ind.— l8t,guar.,g.,68,1924
113
13112
CMo.R.I.APac— 6s,1917,ooup JAJ
.JAJ
let, con., 1926
Exteu. Acol. 59, 1934
JAJ
105
Evans.A T.H.,lst oon.,6s,1921,JAJ 116 ......
114
Chic. St. L. AP.— l8t,5s,1932.AAO
Mt.Vernon-lst, 68, g.,:923AAO
Chic. A Gt. East., Ist, 78, 93-'95.
EvauBv.T.H.AChi.— let. tis, g.l9i)0 100
124
Col.A Ind. C.,l8t M.,78, 1904.JAJ
Fitohbure— 58, 1899-1903 .... Var. 105% 107
MAN 109%! 109%
2d M.78,1904.MAN
do
68, 1908
AAO .109% 110
Un.A Logan8p.,l8t,7s, 1905. AAO
68, 1897
AAO 110% 111
Cln. A Chic. A. L., 7s, 1890 FAA
1894
7s,
MAS
Chi. St.P.A K.C.-lst, g, 58,1936JAJ
87
41S8, 1897
AAO
Chic.St.P.Miu.AOm.—Cou.69, 1930
122
1907
49,
92>i Cleve.

,

.

1

'

j
'

(

(

j
"

'

.

.

I

7a,

Cent, of Oa.— l8t.oou8.,78,'93.JAJ
CoUat'l trust 5n, lsi37
MAN

Q—

7a, 1892
JA.I {106
Indiauap. C.
78, 1897,.
51I6
Cia. Laf.AC— l8t,7B,g.l901.MA« 117

.

Cent, Br.U.Pac.,l8t8,68,'95.MAN

Fund, coupon

loa
112

2d M..

1203lt

I)

Ask.

W

2d mort., ea, 1904
AAO 112
Burl. Co., 68, 1897.FAA 1141s
Canada So.— Ist 5s, guar.,1908,JAJ 107

Camden A

CedarF.AMln.— Ist, 78, 1907. JAJ

108 >«
ell9 121
121
106

.

Bid.

I

Oamden A Atl.— l8t,78, g.,'93..J&J 107

Ist 6s, ser. B, 1916
J.AJ.
Carolina Cent.— l8t.68,g..2000. JAJ
Catawl88a-Mort.,78, 1900.. ..FAA

Kailkoad Bows*.

Cin.Ja«k.AMac.-l8t,.5s,ie36. JAD
63
Cln. Van W. A Mich. -I«t,6«,l901
an. I.<.b. A Nor.-lst, 6s, t916JAJ 100
Cln. Kloh. A Chic— 1st. 7s, '06. JAJ MIO
Cln. I. St. L. A Chlo.—Con. 6s, 1920 tllO
iHtgold 48, 1936
Oin.A indlanap., lst.,7s, '92.J AD il05

"

108 '4

106
2aM.,68, g.,endC. Pac, '9 1. JAJ 102
8d M. (guar. C. P.), 68, 1905. JAJ (107
do
do
60
38, 1905. JAJ

2d mort.. 5s, 1913
MAS
Cape F. AYad.V.,lat.68,Ser.A,1916

112

<

112
107

MAN

Bradford Bord.

Ask.

111
79

(

1061*

Var.

1903

Bid.

\

104 J«
106
107
110
116
123

Pofc— 1st, 6s,g.,1911AAO
Ist, tunnel, 68. g.,g'd, 1911. JAJ

Balt.A

A 8.W.—M.68, 1911. .FAA
2d mort., 68, 1911
FAA
Clie8hlre—6a, 1896-98
JAJ
'Jhlo. A Alton— l8tM.,7i,'93..JAJ
O116B. O.

8.

Bouth. Kansas, iBt 5s. 1620

Bailboad Bonm.

ABk.

Bid.

'

Ch.St.P.A .Minn. l8t,68,1918.MAN
125% Bost.H.T. A West., deb. 68, 1913.
St. PaulAS.City. lst68,1919.AAO 125
126
Flint A P. Marq.— M. 68,1920. AAO
MAN
Chio.A W.lnd.—S.fd. 6s, 1919 MAN
let, con., gold, 5s. 1939
General mort.. 6s, 1932 ....Q—
iVs"
Fla. 0. A Pen.— 1st, g.,5d,1918.JAj
Ist, 68, 1921
Chlo. A W. Mich.— 58, 1921 ...JAD
92% 93
Ft. Worth A Denv.
Cln. A Bait- l8t. 78, 1900. ...JAJ. ,111
112% Frem't Elk'nA Mo.V.—«8. 1933 AAO
Unstamped..
do
Cia. Georg. A Posts.— 68, 1901 AAO!
95
do
Cln. Ham. ADayt.—Consol. 58 AAO! 106 Is
Gal.Har.ASanAnw.— l8t,68,g. I910.
JAD
124
Consol. mort., 7s, 1905
AAO
2d mort., 78, 1905
117i< H8is
ConsoL mort.,6e, 1905
AAOi .H5is
West. Div. 1st, 58, 1931. ...MAN
117
2d mort., gold, 4I98. 1937. JAJ 9714 98
Gal.Hous.A Hen.— lst,58,1913AAO
lA.!
100 1« 100 'a
Oin. H. A 1.. let M.. 7s. 1903.JA.I' .114
115
Georeia— «a. 1010

no late transaoUons.

C—

I

!

.

§ Poroliaaer

aUo pays aooraed

interest.

e

In London.

|

Ooapon

oil.

I

Cn

A asterdaiD,D<M> 28

THE CHRONICLE.

98

(Vol. L,

GENERAL QUOTATIO.VS OF STOCKS AND BONDS—Conxinued.
For BxpUoatloos See Note*
BAlutoAO Bones.
OeorKla Paoiflo-lat.

68.

Bid.

1922.J&J 110»4
80

Oon. 2dmort.,58,K,1923...AAO
Cou. iiicouit-, Sk. g.. 1923 .. A40

29

95
117

93
82

O-.B'vW.ASt.P — l8t,6s,1911.F.4A
16
14
2d, incomes, 1911
Han.<&Bt.Jo.-ton. 68, 1811. .MAP 119H 120
Kan. (1. * Cam., 10s, lfc92.. JAJ 5109 110
narrlKl)'«P.,&c.,lst.,4s,1913 J&J 105 111
Hart. & Conn. West.— 58,1003. J*J f 99
Houeatonk-— Cons. 5s, 1037. .MAN 105
74
67
Ho'et.K.&W.Xex.— lst.7s,'98.M&N
rec..l891
Weat.Div., l8t,7a,Tr.rec.'01.IAJ

W»co&N.W.,l8t,78,g.,1901.J&J

1151s
116>s

105 1«

110

& Br.Top— ist, 7s, '90. .A&O
F&A
2d mort., 78, g., 1805
A&O 104
Cons. 3d M. 58. 1895
nilDOls Cen.— Ist C.& 8.,68,'98.J&J 111

104

Bunt.

J&J
J&J

l8t,gold,4R, 1951
Gold; 3is8, 1951

A&O
A&O

101
gold, 4s, 1952
Middle Dlv. reg. 58, 1921 .. F&A 115
el05
Bterllng, 8. F., 5s. g., 1903..
Sterling, gen. M.,6s, g., 1895.A&0 elOS
Bterllng, 58. 1905
J&D el 10
Olll0.St.&N.O.— iBt 00D.78, 1897. 118
2d, 6b. 1907
J&l) 117
Col.

tr.,

.

Ten.

lien, 78,

1897

MAN

118
114
97

J&n
8s, 1951, gold
Mem. Dlv.. Ist 4s. g.. 1951J&D
Ind. U. & W.-OoKi, 58,1947...

107%
94
107

110
112
119

100

A&O

2dm.

Inc. fn,

1048

35

J&J

Ind. DecABp.— l8t,7s,1906.AA0 101
In<l'poila& St.L.— let,78, 1919. Var. S115
Ind'apolls&Vin.— lat, 78,1908. F&A 118
2d mort.. 6b. g., guar., 1900.M&N 104

101 14
A Gt.Nortli.— 1 8t,68,1919.MAN 110
2d coup. 68, 1909
MAS 73i« 741a
85
86
Ci nt.— l8t g.,,5a, 1938.. J&D
128'!
I'aFalls & 8. C— lst,78,1917.A&0 128
Jacksonf.S.E.— 1st, 68,1910... J&J §....
Gen. mort.. 6b, 1912
J&J
Ch. P.&St.L..l8t,58.g.,19!28.MA8
92
98
Utcli'IdC.&W., I St. 68,191 6. JAJ

om

IO6I1

Mad.& Ind.— lst,7s,1906.A&O §115
78, 1910
JAJ M23
Kanawha A O.— Ist da, 1936. J.&J 75
Kan. C.Clinton & 8pr.— lst,58,192,^ § 99%
Pleas. Hill A De Soto, 1st, 78, 1907 5119

Jefl.

125
80
100
120

Kansas C. Lawr. A 8o. let, 68. 1909 5 99
99",
9914
Kan. C. M. & B.- Ist, 58, 1927. M&S 5 99
K.C.et Jos.A C.B.—M. 78,1907. J&J §121% 122

Nodaway

JaU Sill
K.C.F.8c.AMem.-l8t.6s,1928.M&N $115
CurrentEiver, Itt.Ss, 1927.A&0 J 9&is
K.C.Ft.8cott& G.— l8t,78,1908 J&D 5117
Kan.C.\V}-.&N.\V.-l8t58.1933.J&J e 94
Val., lst.78,lH20

Ken. Cent. Ky.— Gold 48, 1987.J&J
84
Keoknk&lJesM.- lst,58,guar.A&0 102
KlngsCo. El.- 8r. A.,f8, 1925. .J&J 104>s
Kings.

APemb.— 1st. 68,1912 J&J

I,aieE.&West.— l8t,g.,58,1937J&J
liSlte Hliore & Mich. So.—
01. P.

AA8li.,new78, 1892..AA0 106
Biir.AE.,newbde,M.,78.'98.A&0 120
D6t.Mon.ATol.,l8t,78.1906.F&A 132
Dividend l)onde, 7e, 1899... AAO

l-»ke Shiii e,cous., op., 1st, 78. JAJ
do 0on8.,reg.,l8t,78,1900.Q—
do cons., cp.,2d,78, 1903. .J&D
do couB.,itg.,2rt.7e,1903.J&D
Halion. Coal KR.lst,58,1934.J&J

124!li

I

.

Gen. M. 4s, i9ij8
J&D
*-Y. *K'y B'< Ii. 8t g.SB,1927.M&B
2d mort. inc., 1927
s
H.Y.& Man. Beach, let 7s,'97,JAJ
«. y. B. <S! M. B.,Ut con. 5s. 1935
Brook. & Mon.,lsttB, 1911. F&A
Ist OS, 1911
M&s
„2d, 68, 1938
J&D
8mlih.&Pt.jfir..l8t.7s,1901M&8
I«u'v.Ev.& St.I^l8t.68,l926.A& )
1

2d mort..

A&O
f- «• * E. I>iv.. Isl, ea,l 821 .J&J
«f.g.. 1927. A&O
""
wU., V^T*'
Vl«nla.
A Nash—
Cone, lat, 7s 189b
Ceclbaiiur., 78. 1907
MAS
A«n'v.c.& Lex.~l8t,7s,'97 ..J&J
2d mort., 78, 1907
AAO
2-68.

1936

^ul8.

cin. A Lex., 6s. 1931.
Mem.& 0.,8tl.,M.,7e, g.,1901JAli

MAN

•

l>0-Te«rcold.

.'^B.

11j:'7...

MAN

105
107

.

,

.

1121a

100
70is

120
100

120
110
106
74
105

J&D
J&D

A

No.— lat, 68, 1910....
Mil.
let, consol. 68, 1913
Minn'p.
St. L.— Ist, 78.1927.J&D

A

lat M., Iowa City& W., 1909.J AD
JAJ
2d mort., 78, 1891

IIOI3

110

Nashua A Lowell— 6a,
58,1900

111
110

106

123

11411

1131a

111
1

06

,

80

90

«

108 »4 109
121

N.Y. AL.Br'ch- lat.Ss, 1931. J&D
N.Y. & North.-l8tg.58,1927.A&0 111
2d gold -la. 1927
N. Y. K. H. & H.lat r. 48,1903.JAr'

.

51
721a

60
77

A&O

113
IIOI4

109

tofc_**«»»e««ufciBali >l»ietran«aeUon».

&107
5 108
Nashv.Ch.A St.L.- Ist, 78,1913 J&J *132
2d mort., 68, 1901
JAJ 116
Consolidated gold Ss. 1928 .AAO 108
Nashv. A Decatur— lat,7s,1900.JAJ 119
Natchez Jack. A Col.— Ist, Oa, 1912
N. J. Junction. Ist, 4s, 1!)86„FAA ioo"
N. J. AN.Y.— 1st, 6s, 1910. ..MAN luo
N.J. Southern— Isi, Oa, 1S99..J&J 101
N. O. AOulf.- l8t. 68, 1926. .MAN e 80
N. O. ANonheast.— Prior 1.68.1915
N.y ACan.-£M.,68,g..l904.MAN el 14
N.Y.C.& Hud.Rlv.— Ext'd oa. MAN
g., '93.

FAA
FAA

.

107%

110
133

109
I'iiO

103
85"

108%
108%
J&J 118
109
g., 1904... JAJ «107

Mort. bds., 5s, 1926, sorleaA JAJ

do

1031a 107
851a

JAJ IS
Imp. AEouip. 68. 1922
M. St. P. & 8. Ste. Marieoon. 18.1938
90
Miun'p. A Pac, It-t, 5s. 1936.. JAJ e 88
93
Minn. 8. Ste. M. & Atl.-l8t,5s,1926 e 91
84
e
87
Minn. & N. W.— Ist, 5s. 1934.. JAJ
105
105
Mies.ATenn.— lat, 48, 1952 ..JAD
iii%
If
112
Mo.K. A Tex.Con8.7s.. 1904-6. FAA
lioij
Consolidated 6a. 1920
JAD 72% 74
621s
63
Consolidated 58, 1920
JAD
981a
lat. 68. g., 1899. (U. P. 8. Br.)J&J
123
Han. A C. Mo., Ist 78, g..'90.MAN
135
Mo. Pac— Consol. 6s, 1920... M&N 110 llOis
12.T
101%
Pao. ot Mo., 2d 7a, 1891
JAJ
li6
F&A 99I4
.letext. g. 48. 1938
125
Car. Br., Ist 6s, g. 1893... .A&O
12438
Sdmortgage, 78,1906
M&N 1141s
124
M&8 98
Trust, gold, 58, 1917
Leroy & C. Val., lat,5a.l926.JAJ
II8I4 Mobile A 0.— Ist, g'd, 68, 1927. J& D
116
Gen mort.. 4a, 1938
MAS 58 5J
116
136
Ist Extension 6s, 1927
Q—
65
98
Ist preferred debentures
76
77
1131s
8t.L.& Cairo— 48, guar.. 1931.JAJ
100 "4 Morg'n'8La.&Tex.,lst,ee,1920J&J 1131s 115
711a
Ist mort., 7s, 1918
A&O 127
Morris & Essex— lat, 78, 1914 M&N 145
1451a
117%
2d mort, 7a, 1891
F&A 106
100
Conv. bonds, 78, 1900
JAJ 120
107
General mort., 78, 1901
AAO 138
31
Consol. mort., 7s, 1915
JAD

106
1091a i'lo"
115

el 10

.

138

2m

Pacilio Ext., lat, 68, 1921..

iVsi"

65
119
113

—

88"'

el33
105

:

Southwe8t.Ext.,l8t,7s,1910.J&D

107 »s 109
113
jl20i« 121
119

lOm

"as"

58,

Extsn. bonds, 68, g., 1900.. .AAO 1II2 114
A&O il3l% 132 N.Y.Ont.A W.— iBt. e., 6s, 1914M&? 113 1131*
Cons. 78, 1912
J&D 971a 97''»
Consol. 58, g., 1939
Androaeog.A Ken., 6s, 1890-91.. loo's 101 >«
N. Y. A N. Eng.— lat, 78, 1905. J&J il2«% 127
Leeds A Farm'gt'n, 68, 1896.JAJ
J&J .1161s 117
latM., 68,1905
Portl. A K..Con8. M., 68. 'H5.AA0
FAA 106 106^
107
2d m.,6a, 1902
Debenture. 68, 10-208. 1305.FAA §105
F&A ,103 104
70
2d 68 (scaled to 3b)
Man. Beach Imp.,iim. 78,1 909,MA9 60
3413 351a
106
Mar'ta&N.Ga.-lst,68.g.,l»ll.J&J 103
N.Y.Pa.& O.— l8t, inc.,acc.78,190S
111
priorlien,inc.ao.,68.189.^ el08
do
Marq'tteHo.AO.— Mar.o.O.,8s. '99 107 1071a
100
M&N 93 95
101
MAP
Equip. Trust., 58,1908
68,1908
5>s
6>a
99 100
J&I
2d mort. inc., 58,1910
68,1923 (extension)
o
3
A&O 10U% 101
3d mort. inc., 58. 1915.
68, 1925 (Marq & West.).
90
93
Leased L. rental trust, per deb. 4s
Memph.A Chari.— l8t,7s, 1915.J&J 123
75
80
West. est. oertifs, 88, 1876.. J&J
2d mort., 7b, extended, 1915.J&J 123
75
80
do
JAJ 114 120
do
7a, guar. Erie
lat oonsol. 7e, 1915
N.Y. Pbil. A Nor.-l8t,1923 ..JAJ 107is
iBt. cons.. Tenn. lien, 7s,1915 J&J 123
49%
102
105
A&O
1933
Income
6b,
J&J
1924
6a.
Gold,
N.Y.Susq. A W.-Deb. 6s, '97.FAA
Metrop'nElev.— lst,68, 1908, J^t^ I12I2 113
97
106
1937
J&J
refund.,
Ss,
MAN
lat
1899
2d 68,
65
F&A
2d mort., 4i«a, 1937
Mexican Cent.— Con. 4s,1911.. JAJ
116
36
351s
of
J.—
l8t.6a,1910.A&O
July
MIdi'd
N.
38,1939
inc.
Ist con.
21
Norf. & Weat.— Oen., 68, 1931. MAN 119
Jub
2d con. Inc. 3s, 1939
AAO 116 116%
Sew River Ist 68, 1932
..AAO 5101 IOII4
Debenture 10a, 1895
98
Impr. A Exten., 68, 1934. ...FAA lllk
Mexican Nat.-lst, 68, 1927. .JAD 96
57
Q.—
60
1924
M. 111
78,
A,Jnc.,6s,1917...M&S
AdJu.1tmeut
2d M.,Ser.
15
17
J V D t 951s
Equipment, Sa, 1 908
2dM.,Ser. B.inc..6s,1917.. April
99 100
1271*
120»s
Clinch
D.,]ateq.58,1957.M&S
V.
Mich. Cent.— Con80l..7s, 1902.M&N
111
Norf 'k A Petersb. 2d, 88, '93 J AJ 106
MAN
ConsoL58, 1902
101
5-68
1900
Side,
ext.
80.
Va..
New M. on Air Llne,4s,t940.J&J
2d M., ext. ."i-Os . . 1900 101
do
Air Line, Ist M., 8a, guar. .M&N §10114 iof%
do
3d M.. 68, '96-1900.J&J 105
MAS
68. 1909
Va.A Tenn.. 4th M.. Ss, 1900. J&J 120 125
MifeS iVsH
5b, coup., 1931
1031s
extended 53,1900.J&J lul
do
J.L.A8ag.Cona.l8tM,8s,'91.M&S
North Penn.— l8t,78, 1896.. ..MAN 116>a 120
MAS 103
68,1891
do
13113
120
Gen. mort., 7s, 1903
JAJ
Joliet&N.Ind..l8t,78 (guar.M.C.)
98 101
Debenture 68, 1903
MAS
Midd. Un. AWat.Gap—lBf..^8,1911
76
80
Northeast.,8.C.— l8tM.,88,'99,M&S 125' 127
2d 5e. quar. N. Y. 8. & W., 1896
MAH 123 124
2d mort.. 88. 1899
Mll.L.Sh.AWe8t.— l8t6s,1921.MAN 122 123
J&J 1051s 106
FAA lOlis 102 1« Consol. gold, 68, 1933
Conv. deb. 5s. 1907
Ext. A Imp. S. t. g. 58, 1 929. .FAA 101 la 1021s Northern, Cal.— Ist, 68, 1907. .J&.I 1031a 111
117
IO219
119
Conco). 58, 1938
A&O
Mich. Div., Ist, 68. 1924
JAJ
121
Northern Cent.— 4iis, 1925. .A&O 107 108i«
Ashland Div., Ist 6s, 1925. .MAS 119
104
118
107
2d mort., 68,1900
AAO
MAN
Incomes. 68, 1911
103
Con. mort., 68, g., coup.. 1900.J&J 117
St. P. E. A Or. Tr'k. 1 st, guar., 68. 101

116
100
118
98

111
IC914 109 ia
,

J&D
1969
1st cons, fund coup.,78,1920 MAf
Reorganizat'n Ist lieu, 6s. 1908
Gold iflcoiue bonds, 68, 1977
liOng Dock mort., 78, 1893. .J&r
con. g., 68, 1935 ..AAO
do
Fund.

Ask.

1371) 138
lOOia

MAN

102%

L87.N.A.&Chlo.— l8t.68,1910.J&J 114>s
AAO 103
Con. mort. 68, 1916
Ind'ap. Di v., 68 gold 19 1 1 FA A 107
Loulsv.So.- 1st 68. g. 1917. M.&S. 103
92
Extension. 6b. ..J&J
do
90
Lo'l8T.N.O.ATex.-l8t.48,1934MA8
M&S 40
2d mort., inc., 5a, lv<34
Louia.St L.AT.— 1 st 68,p.l917.F&A 100%
MaineCent.— Mort. 78, 1898... J&J" S118 120

lll>4

m.&Clark8V..8t'g,68,g., 1902 F&A el 14
117
«. O. A Mobile, let 68, 1930.J&J elloi* 1151s

do
2fl. 68, l'.t30... J&J
rensacola Dlv.,l8t,68,1920..M&8
Bt, Louis Dlv.. l«t, 68, 1921. .MAS
2d., 38,,iy80.M&8
_ do
gaeh. A Deo., Ist 78, 1900. ..JAJ
B. H. A N., lat 68, 1919
J&D
ktvn 1 mort., 6e, 1930
J&D
uj.ANo.Ala., S.F. 68, 19fc3M&N
Truft bonds, 68, 1922
o—
Ten-Iorty 68. 1924
S&N

S. Y. Lake Erie A We«t.— (Cont'd)
M&*
1st oons. M.,78,g..l920
J&D
New 2d oona.Os. 1969
Collateral Tr. 68, 1922

,

tihigh Val.— 1st. 6e, 1898. ...J&D II714
«d mort., 78, 1910
M&S IS 9
Gen. M., 6a, g., 1923...
J&D
lAlch Car. & West, 1 St g. 68.' 1 6 J & J
It Mlauii— Renewal 58,1912.. M&N
I.. Rock & Ft.S.— l8t, 7s, 1 905. .J&J
LilttlcR.&Meni.-l8t,58,l!'37.M&8
long Island— let M.. 78, 1898.M&N
iBtoonsol. 58, 1931
Q—

MAN

Pensa. & Atl.— l8t,6B.gu.'21.P&A
Na.sb.F.&S.lstgd K.5s,1007.F&A

Bid.

BAII.BOAD BOND*.

Aak.

,

Iowa

2d mort.,

Bid.

.

Int.

Louisville & St. L.. 68, lSi27.A&0
Jefferson— Ist 5.=, guar. Erie ..19u»

Paxe of ftnotatlone.

,

110
75

Oons. mort., 88,101 3,Tr. rec. A&O
Oen. mort. 68, 19'J.'),Tr. rec. A&O

First

BOin>».

Ul

g'd, 7a,

B.& Tox.Ceu— lat 7r, Tr.

Head of

Louia\-ille A Na«h.— (Conllnned)...
Col. tr., gold, 68, 1931
804t

1020e 102%

(118
Or.Rap. & Iml.— 1st, l.f?.,
(t.
latM.,78,l.g.,gol<l,notKuar.AJkO |115
107
£x laud grant, lat 78, '99
MAS
CODBOl. &8, 1X24

BAILBOAD

Ask.

27

O.vCHnil.<feN0.— lst,58,g.,1929.J&J
0:l. So. A Fla.- iRt Ho, B, 1927. J&J

at

series

B

Cons. M. 68., 1904
Con. mort, 8tg. 68,

Union BR.— 1st,

«8, end. CaDt.,'9o

North. Pac— Gen.l8t.6e. 1921. JAJ
Gen. land gr., 2d. 6b, 1933.. .A&O
Gen. land gr., Sd, 68. 1937.. J&D
Dividend scrip ext. 68, 1(^07 .J&J

Pen D'Oreille
Mo. Div.

6s,

Div., 6s, 1919..

106
114 iliij
113
llOia
103

M&a

MAN

1919

James Riv.Vai.—;8t.g.,68.'36JAJ
Spokane A Pal., Ist Os, 1936.MAN

St.P.A Nor.Pac. gen.68. 1923. F&A

110
1211a

UelenaA KedMt.lst,6»,1937M&S 100
Dul. AMau.. Ist, 6«, 1936. ..J&J

J&D

Dak. Ext.,

let. s.f. 68, 1937.
No.PacA Men., lst,68, 1938.MAS
Coeurd'Al.,lst,g , 68, 1916.M48
do Gen. 1st g., 88, lt)3 8...A&0

106
109
106

Cent.Wash'n, Ist g.68.1!i3^.>IAS
North. Pao. Ter. Co. - l8r,68.'33.J&J

107

Norw'h&Wor.- l8tM.,6s.'97..MiS §114
Ogd'nsb'g & L. Ch.—
ainking f imd. 88. 1890

M&8 §100

Consol. ,68, 1920

A.ScO

A&O
M&N
Ohio Biver BR.— Ist, 58, 1936. J&D
Gen. gold, 5a, 1937..
A&O
Ohio Southern- 1st 6s, 1921... J&D
2d Income.

68. 1921
Gen. M. 48, 1921
Old Colony- 6b, 1897
68, 1895

78, 1894
4iae, 1904
4ia8, 1897

JAJ

i-igia

§Paioh»ser also pays aeorued uteres*.

sInLoadvn.

gOouponofl.

t

lOOifl

18

83

5S
65

25
117

30

i'l4% 116
114% 1161a
l'i2

96
112
100
90
107
66

125

110
SS's

65
iViie
111
I1214
1U9

II414
llli«
1121a
108i«
105
106
I0714 1071a
114 115
112
111
731a 75

116
JAi
4s, 1938
103 la
B. C. F. A N. B., 58, 1910 ..J&J
131
N. Bedford BR., 78, 1894 ..JAJ
Debenture 58, 1904
111
OmahaASt. L.— lat, 48, 1937. .JaJ
MAS
Bterllng mort., 68, g., 1903. ..JAJ ei2o"' 122
Orange Beit— Ist M., OS, 1907.. J&J 63
N. Y.Chic. A St. L.— 1st .48,1 937. A&O
94H 91% Oreg.ACai.— Ist58, 1927
JAJ elOl
N. Y. Elevated.— Ist. 78, 1906.JAJ 114
OregonA Trauacout.- 68,1922MAN 104
N. Y. A Greenw'd L.— Ist M. inc. 6s
31 '34"' Osw.&Rome— l8tM., 78. 1915.MAiN §125
6-.
2d mortgage income, 68.....
Ox.&Ciarn.— iBt, p.&l. (ju. 68.UAN '.05
8
N.Y.AHarlem— 78,coup.,1900.M&N 126 128
lat interest guar.. 68 1937. .MjtN
N.Y. Laolf.A W.— Ist. 68, ly2l.JAJ
133
Panama— Sterl'gM.. 78. g. '97.A&0 elu6
2nd, 58, guar., 19'23
elOl
Subaidy boud8, Eug. issue, 68
FAA 1131s
N.y.L.E.&W.-l8tM..ex.78.'97MA> ll!|l4
Penn.RK.—Uen.M,68,cp., 1910. JAJ 128
2d mort. extended,5s,1919.MAS 117!>(
Cons. M., 6s,cp.,'05.J. 15 AD. 15 121
3d M. extended, 4188, 1923. .MAS 1071.
Collateral trust, 4ia8, 1913.. JAD ellO
4th M., extended, 5s, 1920.. A&O 115
118
Consol. 5s, op., 1919
MjiS 113
.Sth M..exte»>d'*»1. is. !'.»?«, .F,^i» 102
Penn. Co.. Hm. rotf.. 1907
Q.—.l 1031a
Mort., 78, coup., 1903

115

"6O"

M&.N

FaA
JAD
MAa
A&O
J&D

106%

1031a

15
Income, 6s, 1920
Oluu I. & W.— Ist pfd..58,1938..Q-J loo
82 la
Ist OS, 1938, reorg. oert
Q-J
2d 58, 1938, rerog. oert
.(J-J
Ist aoo. int. cert
2d ace. int. oert
Ind. Bl. A W.— l8t, pf.,78, 1900..
Consol. inc. Trust rec
Ohio AMlss.- Cona..8.fd.7s,'98 JAJ
Cons, mort., 78, 1898
J&J
2d mort., 78, 1911
lat gen,, 58, 1932
J&D
lst,8pringf. Div., 7s, 1905

108
107

80
103
t04i«

107

112
114
it»

In Amsterdam.

January

THE CHRONICLK

18, 1890.]

99

GENERAL QUOTATIONS OF STOCKS AND BONDS—Oontimcbd.
For BxpUaatlons
BiUBOAD Bomx.

Ask.

Bill.

J4D

1006
19S8 ion

& RR.

.'5s.

A&O

109
lie
131

115>«

Pens.* Atlantio-

107

P&A
l8t. 68,1921
Peo. Deo. & Kv.— l8t. 6«, 1920 .TA.T
MAN
2d mortKHKe. fje, 1 926
EvansTllle Dlv.,l8t 68,1920.M&K
Peo.4 Peklu Ur . -l8t.6s,1921.Q—

of Plra« Pac* of QaotaUoa*.

Baiuioad Bohiw

10s >»

101

Ist consol., reduced to 4V|b.. J&J

F&A
1898
Minn'B U'n, lot. 68, 1922
J&J
Montana K«t.. lat, 4b, 1937 .J&I)
Montana Cent.— ist, es,1937JA.)

Collat. tr..g.,

.')»,

& Read'g— Igt, 6b, 1910.JAJ i20"
111

2d, 78.1893
A&O
Con8ol.M.,78,1911, reg.& cp. J&D
Consol. mort., 6e, 1911
J&lJ
Improvement mort., 6e, '97 A&O
Cons. 5s, l8t8erle(<,1922
Deferred Income 63
Istprcf. Inc., .58. gi>Id, 1958
F

Zdpref. Inc.,
Sdpref. Inc.,

3d

58, gold,
Es, told,

131V

M&N

103 "i
10
10
68 >«

F

4gl«
41>«

1958

1958. ...F

pref., inc., conTertible
mort., Js, 1958

New gen.

117>s
101
101

Pitts. Br., iRt M.. 68, '86

Registered

88

llSk

iUh

J*J

84'e

65>4

.

Plttsb.Cl.A Tol.— l8t, 6a, 1922.

107

A&O

PlttSb.&Con'UsT.— l8tM.78,'98.J&J 1141s H5i«
130
Bterllngcons. M. 6s,g.,guar.JAJ el'8
'
Plttsb.Ft.W. & C.-lst,78,1912 Var llSis

2d mort., 78, 1912
J&J 141 1«
1351s
8d mort., 7b, 191 2
Plttsb. June. 1st Gs, 1922
J&J
Pittsb. &Uike £.-2(1,58,1928
Plttsb. McK.& Y.— l8t,68,1932.J&J '115

A&O

Pltts.Paln.&F.— l8t,g.,c8,1916J&J
971s
& West.- Ist, 48, 1917. J&J 8U% 81
Y. & Ash.- lst,.')8,19Z7.M&N
Ashtabula & Pitte.— 1st 6a. 1908. 10714
Portl'ndAOgb'g— 1 8t68,g.,1900J&J SllTii 119
Port Royal & Aug.— 1st, 6s, '99. J&J 106 108
Plttsb.

Pitts.

02

Income mort., 6», 1809
J&J
Ports.Gt. F. &Cun.— 41SS, 19:i7.J&D
Pres. & Ariz.
1st g.68,l&16.J&J

101'< 1041s

C—

2d Inc. 6b, 1916
JAJ
Pro7.& Worcea.- Ist f8,1897.A&0
Ben.&8'toga— l8t7B,1921 oou.M&N
Biob'd A Allegh— lat.Drex.recelpis
2d mort. 68, 1916, tniat lecelpts.
Rich. &Danv.— Con., 6a,1890.M&N
General mort., 68, 1915
J&J
Debenture, 68, 1927
A&O
Con. gi.ld, 58,1936
A&(»
Equip. M. 8. f. 58, 1909
M&8
Blob. & Petersb., 68, 1915
M&N
Bloh. York R. & Cihes., Ist 8e, 891
Zdmort., 6b, 19C0
M&N
Bleb. & West Pt.Ter., rs, 1897. P&A
Col. trust. Ist, 5s, 1914
MAS
Elo Grande Weat. 1 st 4 s, 1 939. J*
Kome & Carrollt.— iBt, 6S. g., 1918

ai4
146
37''e

99% 101
8a li 88%
90
110
lu3

105
101i< 1021s

78

72

,

90

BomeWat'n&O.—S.F.,7s,1891 .J&D 104
2d mort., 78, 1892
J&J
exended 5s, 1922.. A&O
Nor.&M. -Ist gu.,g.,5s,1916.A&0

Consol.,

Equipment, 2d

Sa.

F&A

Ic98

,112
!

9ai4

&Or. lal'd— lst,g:uar.68,1925. '32
2d mort.. Incoraea, 5s, 1925
85
Kan. C. & Om. 1 st 5s, 1 927 .J&J

Bt.Jo.

.

Bt.LuAlt.&T.H.— 1st M., 78, '94.JdJ

2d mort., pref.. 78, 1894
2d Income, 7s, 1894

....

F&A

M&N

Dlv. bonds, 1894
B6llev.&S.Ill.,l8t,S.F.88.'96.A&0
Bellev.& Car.. 1st 68, 1923. .J&D

ChSt.L.A

PaJ.,let,g., 5a, 1917
8t. L. South., Ist, 48, 1H31..M&S
do 2(),iucome.'-p, 1931 ..MAS
Catb.A Shaw., Ibtg.Js, 1932. MAS
8t. L. Ark. & Tex. ist 68,iy38.M&N
2d mort.. 68, 1!'36
F&A
8t. L.&Chlo.— ]stton.68,19'i7.JAJ
Bt. L.
lion Mt.— lst,78,'92..F&A

&

2d mort.,

78, g.,

1897

M&N

Ark. Br. 1. gr., M., 78, g., '95.J&D
Cairo Ark. & 'r.,l8t,7s,g.,'97.J&D
0»lro&Ful.,lst,l.g.,78,g.,'91.J&J
Gen, con. r'y & 1. g., 58,1931 A&O

38

iVe"

1

RW.&O.Ter.— let,gu..g.,58,19i>'.
Butlanu— Ist M., 68, 1902
MAN

115
150

UOia
I1214

99 !«
105

55
117
105
101
81

40
^2

i'ofai^

109

109 ifl

ice's
103

lOuH

Kans. Pao., iBl, 68, 1895
F&A
do Ist M.. 6s, 1896
J&I)
do Den. Ext., 6s,D-09.MAN
do Ist cons. M.,6s,1919MAN
Oregon Short-L., 6s. 1922 .. F&A

lOOis

& Uol., l8t,g.,58'18AAO

Ohio— Con. fia, 1921. MAS 103
Ver. A MaBS.— Guar. 5s, 1903 MAN 5107
Vloksb. A Mer.- lat, 68, 1 H2 1 .AAO
VIoksb. .Sh. & Pac. Prior lien, 6b. el 10
Virginia .Mid -lat Ber,6s,1906.M AS UO

MAS
M&S
M&S

68, 1911
SdserieB, 6s, 1916
.'rtcVt^
4th Berles, a-i-5», 1921
5th series, 58, 1926
Incomes, cuniul., 6a, 1927. ..J&J
General 5a, 1936
M.feN
rto
gxtar
Waliaah-lat gold 5s, 1939. ..MAN
2d g. Id 5b, 1939
Id mort. Feb. '90, coup, stamped.
Di-b. mort series A, 1939.. .J&J

2a series,

.

,

.

Pdct Domlnal,

i

WInonaAS.W.— l8t,6(.g.,ii28.AAO

WIseon. Cent.Co.— lBt.58l917.JAJ
97 •« 98
Incomes, non-rum., .'.a. 1937
64
66%
Wore. Naah. A R.— 5b, •93-'95. Var. il04
106
Naah.A Roch.. guar..5R.'94.A&0 {104 >i 10»
ZaneB. & Ohio K.—l»t.6s.l916 F&A
69
80

KAILROAD

Ala. Ot.

NT04;K!t.

Par,

South.— Llm.,A., 6s,pref..

Lim., B,
Ala, N. O.

10<f

com

& Pao., Ac,

4S

11

4%

2

pref

do
do
def...
^
H
Albany & 8u8<iueh.,Ouar.,7...10«) 160 175
31
Atchison Topeka & Santa Fe.. 100
88
90
Atlanta A Charlotte Air Line ..100
Atlanta & West Point
100 106 108
5I4
Atlantic & PaclHc
4»s
100
Augusta & Savannah, leased. ..100 140 143
Baltimore A Ohio
100 100 lom
130
do
100
lBtpref.,6
do
2d, pref
100 112 120
Parkeraburg
1<K)
Beech Creek
bO
do
Pref
no
Bell's Gap
50 &0'a
Belleville & 80. III., pref
lnO
Boston A Albany
100 216>f 217
Boston Con. AMont., pref
loo lv6 130

am

Purchaser also pays aoorned Interest.

«

In I/9odon

1

Ooupoa

do

117

"s's

87
103
85ie

83%
75
5uis

111%
I1414

123
105
1071s

123
118

lUO
lis
93i»
291s

110

do

pref

loo

113141113%

liui4|110>s
141

139

9.%' 967,
15

Ui

42 1« 46

33%

Chic. St. P. Minn. AOm.,oom..lOO
94
98
do
pref.. 100
id^ 30
Chicago A West Michigan
100
105
100 10
Cln. Hamilton & Dayton
(3incJnuatl N. O. & Tex. Pao
100 781* 79%
24%
50
1041s Cln. Sandusky A Clevfiaud
1
107 14 Cinciuuail & apriuglle d
"*3%
3
Cln. Wash, dc Ball. Tiust lec.lOO
6% b%
do
pret..lOU
112
33
33%
Cleveland Akron AOol
lOu
Oij
7
Cleveland A Canton
24
24 «v
Pret..
do
do
111
70
70*
!«
9II2 Cleve. Cin. Chic &8t. L
100
pref.... luu
971s 97%
do
do
100%
157
Clev. A Pittsburgh, guar., 7
50 1.14
Columbus & Xeni». guar., 8
50 173
19
as
Col. Hock. Val. A Toi...
lOO
20
30
103 14 Columbia A Gre»nvlUe,ptei....lOU
20
21
.'io
8538 Col. Springf. & Cm
150
150%
50
Concord
84H
Concord A Portsmuuch,guar.,7 lOu 145 ISO
)00 1161s 116%
5114 Connecticut & Passumpslu
100 2U4 206
CXmneoticut River
40
35
iOO
(3ouBOl. of Vermout, pref
112
30
28
li O
1141s Current River
80
31*.
72«s
guar.,
.50
&
Michigan,
Dayton
110
Prei., guar., 8.5u 1581s 160
do
100 170 175
Delaware A Bound Brook
135% 13S
<50
Delaware Lack. & Western
16
1.7
lou
Denv. AKioOr
112
50% 51%
pref.loo
do
da
127
31ie
Den. Tex. A Ft.W voting cert.lOO
6I4 '^•^
:oo
104 •« DesM. d( Ft. DiKi.ge
19
ar.
lOu
Proi
IO8I4
do
do
8C
100 77
Det. H1U3. A Southwest.
ac
100
Nnrihern
&
Dei. Lao.
33
100
Pref
do
do
7
30«t Dnlath 80. Shore A Atl
20
Pref
do
rto
,

10778

oa.

prof., 7. loo

& North Western
loo
do
Pref., 7.. 100
Chicago Rock Island & Pac.. ..100
Chic. St. Louis A Pitts
100
Chicago

113
Ill's 115
115i« 116
101 1« 102
1121s

Bo., gen., 78, 1909
J&J
do Ext,lBt,78,l»09J&J 112
ntah ANor.- Gold 5, 1926.. ..J&l
Istmori. 7s. 1908
J&J 110

68
89
Faa
Bt.L.*8.rr.— xdol.A,6a,iy06.M&N 11-.;% 113
2d M., 6a, olaaa B, 1906
M&N 11213
2d M., ta, clans C, 1906. ...M&N 1121$ 113 14
Deb. mort., sdieB B, 1939.. .JAJ
Kan.C.&Sw., lat,6s,g.,1916..J&J
101
WabaBh dt. L. & PacPierre C. A O. 1st, 6s
F&A
St.L.K.C.&N. (r.e8t.&R.),7s.M&8
Equipment 78. 1895
J&D lulls
do No. Mo., Ist, 1895. ..J&J
General mori.. 68, 1931
JAJ niia
do Bt. Cha'8 Bridge 6s, 190K
General mort., 5s. 1931
JAJ 100
Warren (N.J.)— 2d, 78, 1900 ..AAO
1st trust, g. 58, 1987
Ad O
West Chester—Con. 78, 1891. .A&O
Ft.B.& V.B.Bd..lBt,68, 1910.A&O
95
W. Jersey & At. lat M.,68l910M.icB
8t.L.K.&So.W. -1st 6s. 1916M&S
t5
West Jersey -1st, 68, 1896
J&J
Bt. L. W. A W., 6a, lyi9
MAS |loa>«
let mort., 78, 1899...
A&O
6t.L.Vand.&T.H.-l8tM.,7s,'97.J&J 111
117
Cnnsol. 6s, 19i<9
M&N
2d mort., 78, 1898
M&N 107
West Shore— Guar. 4a, 2361. J&J
2d, 7a, guar., 1898
M&N 108
WestVa C.&Pitts.- l»t,68,l9llJdiJ
Bt. P. A Duhith— Ist, 58,1931. F&A no
West'n Ala.— 2d, 8s, guar.'90.AAO
2d mort., 58. 1917
103 -s West-Maryl'd— 3d en.,6s, 1900.JAJ
AAO
Bt.P.Mimi.&Man.— l8t7s,1909J&J
West.N.Y.&Peuu— litt..i8.1037J&J
2d 68, 1909
A&O 1181s
2d m., 3s g.— 5e so. 1027
AAO
' T>iifc. Ft'
k. loin
W«rrMn Ar K-n k l«>.7« 't)i; F^^^
M&N 117
'

1910 ..J4I) 115
Wllro.&No.— lat 5a, 11I07-27.JAO
WI1.& Weldon—8. P.. 7b, g., '96. J&J 110

r

lul

nils
110%

.

^8

103

Erlo— l8t,n>i,...1926 105

.

Valley of

84
89

L.

& Aug., 6a,

.

UtieaABrk R.— Mort., 78, '91. JAJ MOl
83

Wllm. Col.

J&J 1C8

J&O
J&D elOt

1923

110
114i« 116
St,*t. Isl. R.Tr.- lst6s,g..l913.AAO
ite
2d mort guar. 5s. g., 1926 .JAJ lOiis 103 14 Boston & Lowell
100 168
Steuben. & Ind., lat 6b, 1914. .J&Jf 105
Boston & Maine
100 213% 21414
itnb.Haz.&W-B.- lat,.'^s.l928M&N
104
BoBtim &N. Y. Air-IJne, pref.. 100 101
2dmort., 68, 193P, reg
97
Boston & Providence
MAN
100 260 261
Sunb. & Lcwiatown, 7s, 18S6..J&J lJ3is 115
148 ^
Boston Revere Beach & Lynn.. 100 148
37
40
Susp. B. & Ene Juno.— let 7s, 1900 5110
Brooklyn Elevated., new
16
20
Syr.Bing.&N.Y.—cou80l.7a.'06A&0' l:i2is 134
Bultalo Rochester A Pittsb
100
TerroH A Ind.— lBt,7B,18s;3 A&O 107
do
pref
100 761* 77
20
30
nsol.
mort.,
102
Burlington
C.
C. Rapids & North.. 100
5s, 1925
JAJ
8
Terre H. & Log'pt.— l8t,gu.,6s J&J
California Paolttc
96 101
8
13
1st and L'd, 6s, 1913
California Southern
100
J&J 92
rex. Cent.— lst,sk.fd.,78,1909MAN
Camden A Atlantic
60
50
so"
iBtmort., 7s, 1911
do
do
M&N 45 55
Pref
50
Cexas A New Orleans— lst,78. F&A
Canada Southern
100 5314
Sabine Dlv., lat, 6s. 1912. ..M&8 105
Canadian PacUc
100 77% 77 Hi
10>«
rex. A P. Ea6t.D.l8t6B,1905.MAS 111
Catawissa
50 <
Ist gold, 6s, -.itOO
do
iBt pref
^ 59
J&D 901a 91
."^O*
2d gold inc.. ."is, '..000
do
2dpref
Mch 38 1« 38%
50 . 56>s 57
2
9
rol.A.Ar.&N..M.— l8t,6s,1924.M&N lOO^a 107
Cedar Fall8& Minneeota
100
rol. A. A.A-Gr.T.- lat,6s.]921.J.VJ
10 115
Central of Georgia
100 121 124.
Tol. A. A.&M.P.— lst,68,1916.M&S 100
151s 16
Central Massachusetts
100
rol. A. A.&Cal.— l8t.6,-<.1917. «&» 104
291s 2(<^
do
pref... 100
Tol. A Ohio Cent.— 1st, 58, gu.l933 100 If IO319 Ontralof New Jersey
100 122% I23>«
Tol. A O. C. Ext.-lst, 5s, g., 1938.
SO
Central Ohio
50 48
60
Marietta Min., 1st, 68, g., 1915
do
Pref
50 56
34
»4%
Tol.PeoriaAW.- lst.48,1917....J&J
75 '8
Central Paclflc
100
Tol. St.L.&K.C.,l8t,6s,1916...J&D lOi)
100 Is Central of So. Car....
50 57
SO
United Co'sN.J— Geu.68.1908.MaiS 1301s
Charlotte Col. & Aug
100
26
do
gen. 4b, 1923
Cheraw & Darlingtim
F&A 107 !«
5o , 24
20
do
26>a
gen. 4a, 1929
M.vS 10; Is 1081s Chesap'ke & Ohio. Vut. Tr. cert. 1 00
65 >•
a-^rllngdo
do
68,1894
do Istprcf. lOO 64
M&b eI07 109
44
44%
do
do
6s, 1901
122
do
2d
pref.
100
M&S el20
Dnlon Pacilic— Ist, 68,g, 1896. J&J ill nils Cheshire, pref
100 102 102 •«
lat, 68, 1897
100 130 136
Chicago A Alton
J&J 112>4
lat, 6a, 1898
do
prof
100
JAJ 113%
6I4
714
Ist, 68, 1899
Chicago
A
Atlaniiv
Binetieiury....
J&J US'*
40>s 40%
Sink. F., 88, 1893
Chlcagi. Burlmgtou & North.. IOC
M&S II513
Om. Bridge, sterl. 88,g., '96.A&0 ell6 122 Chicago Burliugixm ,x <.{uiiioy..lOO 106i4|106i«
i'i
36
Collateral trust, 68, 1908
Chicago A East. lUlnuis
1 00
JAJ 101
83
86
Collateral trust, 58, 1907
do
prof
100
JAD 91
Collateral trust 4is8, l918..M<feN
Chicago Milwaukee A Su Paul, lou 68% 68^
90

Utah
112

1051s 108

l('6is

A

U.P. Lin.

llOH
1101-2

80. Pao..Arlz.— l8t,68,1909-10.J&J

80. Pao., N. M.-lst, 68, 1911 .J&J 107
So. Pac. Coast- If-t gu.. g., 4a, 19."i7
Spok. Falls AN.— Ist 6s,g.,!939.J&J si 00'
State L.
Bui. -1st 68, 1899... J&J

5»,

1928

Ool.l Is.

Wheellng&

3ham.V.&Pott.».-7s.con.l901JAJ
Ihenan. Val. Ist. 7a, Tr. rec.JAJ
116
General M., 6s,1921 Tr. reo.A&O
SO
Shreve. & IIous.— lat, 68, gu., 1914
65
?odn8 Bay& 80.— l8t,58,g.,1924J&J
105
9o. Cen. (N.Y.)— Consol. mort., 5s.
55
13
So. Carolina- lBtM.,6s,1920..AAO
esis
68^
2d mort, 6e, 1931
JAJ
Income 6s, 1931
491s
91s
42
80 Pao.Cal.-l8t,6s,g.,1905-12A&0
116
1st con. g, 5s, 1938
AAO 101

Coal& I., Kuar.,7e,'92,ex-cp.M&B
103
PMla. Wil. & Bait.— 68, 1892. .A&O {102
68, 1900
AAO s'llO 112
58, 1910
JAD jiten 108
Trust certs. 48,1922
M&Ni I0212
Pine Creek- 6s, 1932
J&D
Plt:eb.C.&8t.L.— l8t,78.1900.FAA 116

Bid.

W'n No.0aroUna-l«t,7«,1890.M&ir 100 >« 101
Consol. 6«, 1914
JAJ 93 •• 95 •
Weat'nPenn.— l8t M., Os, '93. .A&O

East'n,Mlnn ,lst,g.,58,190''.AA() 100 1«
bSil 70
Jan Ant.A.\. Pass., lat.68,1916. J&J
e5is
102>« 103
do
l8t,68,I926.J&J
87
115
8anF.&N,P.-l8t,.'>s,g.,1919...JAJ
70
JaudUBkyMansf.&N.— Ist, 78,1909 «117
IVI*N
2dniort .4<t8, 1921
^»v. Fl. & W.— Ist, es, 1934. .A&O Sloe
113
Perklomen— l8t8er. 5s, 1918 Q-J 101 Is
At. & Gulf. con. 78, 1897 ....J&.I 115
2d8eile8 .^s, 1918
117
(J.—
Bo. Ga. A Kla.— lBt,7»,1899.M&N 117
Peter8bur»t -Class A, 58, 1926. J&J 103
120
2d, 7a,lH99
Claa8B,6e, 1926
A&O 106 107
M&.s no 118
129
el27
leaboard
A
Roan.—
U8
Pblla.<Sr£.-Gen.Kiiar.,6a,g.,'20.J(irJ
Us, I01d..F&A 106
llSH
58, coup., 1926
General 5a, 1920
A40
108
.I4J
9*2
General 46, 1920
A40 iblTe 102 3eat.L.8.&n;.— l8t.gold,CB,'31.F&A
•jham. Bun A Lew.— Ut, .'5«,'1 2 M&N
Sunb, & Eilp— Iht, "9, 1897.. AAO
Phlla.

Railboad BoaM.

A«k.

Bid.

p. Minn. & Man. - (Cont'd.) t«t oonaol, 6», 1933
.TA.l

at

Penn. RR.— (Cont'd.)
Penn. Co. lstM.,4Js8, 1921. -J&J
Penn.* N.Y.Can.- Ist. 78,'90. J4D lis
iBt mort., 7e,

Hm Notes at Hea<

« Price per shai«.

t

In Anutordixu.

THE CHRONICLE.

100

LVoL,

U

OaXBRA.Li QU0rA.TI0.V3 OF 3TO0K3 AMD BOVDS— Oontinpiid.
For Bxplknatlons See !<ote< at Hea* nf glrot l*m.-t» »r «ta»tatlon«.
A Oa. Ky 100

MlSCBIXAKBOnS.

Ask.

Bid.

Railrojld Stocks.
E. f. Va.

do iHtpref.lOO 67>i 70
51
22
21
do 2d pref.lOO
31
East PeDn8Vlvaulu.50
5:1 '4
Eastern (Mass.i ..100 134i< 135
137
4%
i;j6>«
Peosacola
A
Atlantic
do
Pref.lOO
17
l(6>s Peoria Deo. A £t. 100
Eastern In N. H.. 100 106
25
Petersburg
20
100 59
Bllz. I^x. ABUS.IOO
»hlU». A Erie
50 26 >«
Elmtraib Wranp't SO
Pbll. Germ. A Nor...50
do
Pref
50 69
36^
96
Phlla. & Read, cert .50
Evansvllle AT. H. 50
Pblla. A Trenton.. 100
Pltohburir, Pref... .100
87>t 88
26
6S>«
Pblla. WIlm.A Balt.50
24
Flint A Pere Marq.lOO
94 19 95
fMtts. Cln. A St. L..50
20's
do
pref. ICC
Pitta. A Conneire..50
Fla.Cen.dE Pen. V.T.Or
W.A
Pltt8.Ft.
C..guar.7
155
do Ist pref .cnm. too
Pills. MoK. A You. .50 a
do2dpr.uoiw!uuj.l00

do

.

Oalv. Hi.r. ASanAn..
10
Georda Paciflo
Ga. KR.&B'kgCo.lOO 200

;ot

5

8

46

47

Or. K»ilil8& Ind
Ot. Nortli. K}. subs..

4

Gr.B. W.A8f>P...10f
do
Pref...lO(
Har.Pur.Mt.J. A I.. 50
Houg. ATex.Cent.loci
HuDtinp. A Br.Top.5(
do
Pref.50

4

4^

82

.

3

17

4
19

45<i
11938 ll»>«

nilnols Central... 10(
do leased I., 4p.o. 100

8

102
10

24
65

74

97

Jeft.M.AInd., I'd. 10(1

Kanawba A Obio

27%
2

.

.

r

,50

89

V.'.bo

Louis. St L.A Tex.lOO
^ulsyllle 8outb-n ICO

70
90

IS

ItH

38
87
36
32

3il^

4U
33

15

16

S7h

A

loo 217 ij 218
10tl«
IJannattan, con.. .100 100
•I»rq.H. AOnt.. .100
10
do
94
Pref.. 100
Maseawlppi
loo 113 115
JJemph.A Charl... 2^
63
IJ6xlcanCentral..lOt
17 3e 1758

A W..10<t
pref.lOO
A No.. 100
tone Hill A 8. H.... 50
Mlnneap. A St. L.. 100

93%

Li.k) S.

do
Milwaukee

I

5J<

968
721s

Missouri Paciflo... lot

Mobile AOhlo.... loo
u)r«an's La. ATex. l oo

12

^'"•"8*i;'x.gu.,7.5«
Ka8bv.Chat.&8t.L.2.'
nasbua A Lowell . l Ot

102

6H

>

103

54I4

04ia

18
1063b

lot) 5s

20

.Y.Ch.A8t.L.newlo0 16% 11 h
do
Isl pref.lOO
69 H 71
_*» ^ „ 2d pref 100 37»ii 38'«
Y. AHarleui ....50 250

.

«.Y.Laek.AWe8t...l00
.Y.L.ErleA West.lOO

«v *SV .Pref.lOO
Pref.lOO
»^w1S
M.T.N
H.AHartf.lcO

«.Y. *N.England.lOO

A Nortbern.pref
l|.Y.Ont. AWest-.lOO
S- J- J^*""- *""'' 100
S-Jl^™^- * Boston.

M. Y.

•.Y.8usq.A WesfnlOO
Pref.lOO
_.„ „do
B
orf.AWest,, coui.ltHj
do
pref.lOO

w.Y. West snore A

o.

26\,

263fl

60

65

44), 44%
117-. 118

245
1914

270
V".

30
2138
6138

248

. . .

Ohio

A

L. CliampliK
Ind. A West.. 100
do
Pref... 100

AMiw

u

A Tuu—

l8t,7B.g, 1928. AAO

156

Tenn.C.Al.— T'nu D.68
Blr.Dlv.l8t.68, 1917
Wblteb'st Fuel- O., 68
Wjo. Val. Coal l8t68.

26
37

pref.. 25

25

Thom.-H Internat.lOO

STOCKS.

52
251a

.

.

1

. .

.

,

.

.

.

I

.

AL.E

100

275
8
31

22
62
90
70
60

7

3214

do
pref.lOO
681s
Wll. Columbia A A. 1 Ot 104
WUm. A Weldon. 7.100
Wisconsin Cent. Co 100
do
Pref- 100
W.ir.Nash.A Rooh 10<

CANAL BONDS.

Coes.ADel.-lst, 58,'lt
Del. A n.— 7s, '91.JAJ
Istext., 1891. .MAN
Coup. 7s. 1894. AAO
1st P».D.cp.,7s,MA8
Lehtgn Nay.- 4is8,'l4
BR. 68, reg., '97.Q-F

Oonv 68,g.rg.'94AIAS
68,g.,cp.Arg..'97JAD

Cons.M.,19117sJAD
Gre'u.Tr.7e,'92.KAA
Leb.C.AN..4ia8,1924

CANAL

s-ru<;KS.

Cbesiipeake

A Deil. .50

A Hudson
100
Lebigh Navigation. .50
Morris, guar., 4
100
do pf.,guar.lO..100
Del.

raitiC'LLANEOtJS
BOUNDS.
Amer. Boll Tel.

7s,'98.

Am.Wat'rW.Co.,lst,68
l«t,oon.5«,19o7.JAJ
Birsuinir.

Equip. Co 68.

Bust Un.tias.Tr. o.5s.
CabahaCoal,lt.t,7s,'07
Chlo.G.L.AC.lst,5s,'37

Louisville Q.

Adams

Central of N. Y
50
Consolidated, N.Y.IOO
Equitable, N. Y...100
Mutual of N. Y....100
Standard Qas, pref.
N. Orleans O. L. ..100
Pittsburg Gas Co.. .50
Portland, Me., Q. L.50
Laclede. St. Louis. 100

.

.

.

r

TBLKPHONB.

109

94
lo4

105

C.&Ir..6.t 1917
tJ'mst'ck fuu. Isilno 4

ol

34

94141
!

A mencuu Boll
Krie

Hudson River
Mexican

do.

.

miiMNU STOCKSi
(N. Y.

7dc.

49 Is

elnLondS?

200

3K

42 13 50
83
75
95
951a
120 125

1

107
84
104
67

86
165

"16I9

181a

5413

55 14
4418

pref.

San Francisco Uas
Wash'tou City G. L.20

43

A SAN. FBAN.)

Adams Cons
Amador

90

American Flag
1

Alta Montana
Astoria
Barcelona

100

BeUe

10.

Isle

3 00

•o3

Alice

1

...

Beat A Belcher...
Bodie
100
Breece
Bulwer
100
Caledonia B. H
lOO
Cashier
Castle Creek
Consol. California. 100
Con. imperial
Chrysolite
5o
Chollar
i...lOO

Oom»tock Tunnel

100 208
38

CI9

~

127>«

Memphis Gas

100 153 151
American
100 II3I3 116
United States
85
100
HT
3418 3414 Wells, Fargo A Co. 100 135
140
69
68
TltUST STOCKS.
1201s 121
Amer.Cotton Oil
35
36
Trust receipts
301* 31
80
American Cattle
11
16
102 103 14 Chicago Gas
4513 46
106
Distillers' A Cattle F..
3913 43
114 114% Linseeil OU
4313 4413
144 146
20 13 :i0%
National Lead
lll^s
Standard Oil
164 166
1141s Sugar Reflueries' Co
5618 56I4
109
'TELEGRAPH.
113
Amrricau Dibtiii.t
30
30
130
American Tel. A Cable
85
8614
108
Atlantic A Paciflo
103
Cent. A So. Am. Cable 175
60%
Oommer 1 Cable Co 100 lo2
Commercial Xel. Co.
Franklin
100 25
33
150 152
Gold A Stook
100 93
511s 52i« Mexican
lOO 250
.Mutual Union 68
100 Is 1021s
«202
N'west.. 7s. 1904 .JAJ 1021s
Paciflo A Atlantic
58
65
Postal T. Cable, new.
33
35
51121*111213 South'u A Atlantic. 25
80
Western Union
100
81
8 lie
101
Deb. 7s, 1S75-19O0.. 113
§10313 104
Deb. 78, 18-J4-1900..
91%
CoUat. Trust, 5s
lOZ

Col.CoalA Iron— l8t,68

L

Whltel)r'8t FiielCo. 100

KXPKBSS ST'CK!9

3iis
6938

Cou.«H8..Balt.,cou.os 1021s'
N. Y. A New Jersey..
ITS
t.8, 1910
JjiJ 114% ll)i4 New Eugiauil
Old i;,u.„^
i,„
7. lo
Rq (J. .V, P. Chic Ist.tff
J 'loo
Tr.iti'OHl
"'"= "• ""i>^ aolatetranBactlone.
§ Purcba>eralBo paysawrutaiuterest.
,^-.

.

do

.niSC'LLAiNEOtlS

31

1319

.

I

C.AH.

itK)

Pref.lOO
i*"
OaiuSouttien.
km

L. Bridge

.

191s Penn.— 6s, ooup., 1910

Pennsylvania.. 50 »
ortbern Central 5o «
Kortbeastern
48
5t
"orth'n ^. Hanip.'ioi. 154
151i«
Hoi ' n Pae. runri i no
3.38 3lis
„ «lo
Pref.lOO 73 s 73^
norw.ui ttoietjaier.ioi 178 "i 179

Oed.
Ohio

St.

Consolidated
100
llOis 11278 Daft Eleo. Li«ht 100
Daft EU'O. Power. 100
1021s
Edison
103
10" llOig
101
9ris Edison niumiiiat .100
Ft Wayne Eleo. 0.).. 25
13
88 "s's's Jullen Electric Co
Do Traction Co .
Maiden Ele( tricColOO
el35 140
9968 99% Spanlsh-Araer. L. A P.
90" 100 Sprague Eleo. Mot. 100
Thorn.- H. Elec.Co
25
51

I

13
9'e
7^=8
14
Wheel.

191% 192

.

W.Y.Cent.A H.RW.loo

23
94

100 !« lOl",
115i« 116
60
50
7011!
70
III4

100
T^ Pref...
Mlsso'lKan.A
Tex.lOO
•r..

ew

Ocean 8S.Co.,i«l.guar.
361s Peo'8 G. A.C.Chic.2(l,6e
Phlla. Co. Ist, 8. f., 6s
63% Pougbk'8leB'go,lbt,6e.

90

102% 103

I

21

„,,

JJ'squeUoDlng Vall'yfiO
Jersey AN.Y.ltO
M.New8A.vil»s.Val.C()

(i3

135

100
BniRb Eleo. Light. ..50
Brush Illiiminat'glOO

I

Law'ce

Mexican Nat.,Tr. reo.
Mex. Nat. Conslr. Co.

Or.Imp.,l8t, 6s. 1910
Oreg.R.AN.l8t.68,JAJ
Con. .58 1925 J. AD..

19

dec.

Am.E. L.Mfg.IO

do
pref.. 100
Amer. Hank Note Co..
do
pref
SO
42
do T.8?cSer.C.10
I6I3 1714
44
do
Port.Saco APorts.lsd 6 125" i"2'6" Amer.Pig Iron War'nts
do Ser.D ..
IH^ 19
814
8
li
Aspinwall Land. ...10
Welding
Port Royal A Augusta
10
7',
Co
100
8
Boston Land
Ports. Gt.F.A Con. lOo 124>j. 125
10
6% 63ft Eur'eaii Weld.Co. ICO
185
Boston Water Power..
HI4 U.S. Electric Co.. 100
Kens. A Saratoga. 100 170
6
Rich. A AUeg., ceit..
23 >s 24 Is Brookllue (Ma88.)L'd5
41s
4% U.S. riluminat. Co.lOO
120
33
Westiiighouse El. L.50 s 46
Rlob. F. A P., com. 100 115
Brunswick Co
34
14
48
Richmond A P'b'g.lOO 107 108
Cauton Co. (Bait. 1.100
51
OO'S
21%
Am.
Loan A Trust.lOO 115 120
21
Rich. A West Point 100
Contlnenfl C in.Almp.
45
47
.\tlantio
do Pref
100
do Trusteed st'ck 44
100, 395
48
761s 771s
Brooklyn trust ...icol 395
Rlcbmond YorkR.&C. 95
Cev. A Ciu. Bridge, pf. 190
210
20
Rio Giande We8t..lt0
18
Bast Boscon Land.
100 950
35h
3% Central
5 '8
Farmers' Loan A Tr.25 630
Frenchman's Bay Ld.
Rome W. AOgd...l00 107 108
Franklin
Henderson Bridge Co.
100 180
Ratland
6
100
Holland
61
313
100 220
60
Keeley Motor
do
Pref., 7.. 100
5
Knickerbocker
100 155
llanh'tt'n B'cb Co.lOO
5
8t. JOS.A G'd Isl'd.lOO
6
2I4 Long Island
100 170
40
8t.Loul8Alt.AT.H.100
Maverick Laud
10
21s
.Manhattan
30 120
Pref.lOO 110
Maxwell Lanl Grant..
15
do
16
St. L. Ark.A TexaslOO
Mt.Des. AE.S.Land.S.
75c. lOOo. Mercantile
..10& 265
6%
Metropolitan .. ..100 235
St. Louis A Chicago.
N.E.Mtir.Becur.rBoat.
Nassau
100 150 160
do.
pref
V. Y. Loau A Impr't.
50
54
N. Y.Ltfe A Trust.lOO 665
St. L. Van. A r.H
5
Northwett Equip. 100 105 110
N.Y.Securlly ATr.lOO 178
43
St. Louis A San Fr.lOO
16
45
Oregon Improvement.
l'85"'
Peoples', Brooklyn...
do Pref
88
100 37
pref
92
do
ItK)
161
100 170 19a
do Ist pref.lOO
91
Oregon Ry.AN.Co.lOO 991s lOOis Stale
3-ji4 Union
St. Paul A Duluth.lOO
100 645
32
08
Pacific Mall SS. Co.lOO
3179 3218 United States
do
100 740
Pref.lOO
83
Pbiladel. Co. Nat. Gas
Washington
St. P.Miiin. A Man .100 113
100 175
Pipe Line Certitteates. 1051s 103%
Scioto Valley
N.Y. A: IIIt'KLVN
50
1
Pullm'n Palace CarlOO 191 :192
Seab'd A RoanokelOO
house; KKS.
181* 20
San Diego Laud..
212 St.Louis B'dge,l8tpref elll
South Carolina
ISe^ Local Hecui'ities in
100
114
Southern Pac. Co.. 100
CuuoNici.E each w'k,
33 "4 33%
5.5
2d pref. eertiflcates. e53
8'west.,Ga.,g'd,7.10f) 130
134
except third of month)
iOi
8t. Louis Tunnel RR.. el07
6I4
634 St. Louis Transfer Co.
Summit Branch. Pa. ,50
(>AS STOCKS.
Sunb'ry ALewiet'n.tO
hb
Bait. Consol. Gas, N'eu!
South'n Cotton Oil Ca.
5lia
51
rerre H. A Ind'nap.50 'go'
96
East Boston ....
2.5
Union Ferry Co... 100
42
41% 119i«
Texas A Paciflo
20% 21 Union St'k Yds. ATr.Co
100
Brookllne, Mass... 100 119
Tex.Pac.Land Tr't 100
201s 21
Cambridge, Mass. .100 19514 196
Wagner Palace Car Co.
34J4
rol. Ann Arbor & N.M
West End Laini (Bost.)
23% 24 Chelsea, Mass
100 110 115
rol. A Ohio Cent'1.100
39
35
Jamaica Pl'n.MasslOO 1751s 177
COAL &; lUININU
do
Pref. 00
73 „ STOCKS, N.V.
Lawrence,
Mass. 100 145 117
,^,
To!. Peor. A Western.
11% 16i8|
American Coal Co. .25
Lowell
100 240 241
Tol.St.L.A K.City..l00
Cameron IronACoalSO
3
Lynn, Mass., G. L..100 IbO 165
do
pref.. 100* 30
yiisi Colorado Coal A 1. 100
4413 45
Maid A Melrose ... 100 124 126
a. N.J. RR AC. Co.lOO »327
228 I'Col. AHock.lOO.CAl.
1413 16
Newton A Wat'n ..100 166 166
ITnlon Paciflo
100 6614 *>*>^\ Consol.Coalof Md.ioo
i4
Salem, Mass
27
100 113 1131a
Utica & Black Riv.lOO 130
'•50
l:Homestake Min'g.lOO
8
10
Brooklyn, L. 1
25 108
110
Vt.A .MaS8.,rs6d,6.100 133 13Sia,|i.ehlah A Wllkeso.Cual
21
Citizens'. Brooklyn. 20
26
63
Virginia MIrtlanil 100
•*0
33
Marshall Cons. Coal..
Fulton Municipal. 100 120
i'22'"
Wabash RK
13
100
1314 {Mary land Coal
11
MetropoL, B'klyn.lOO
14
100
94
do
pref.
2778 2818 Miuu. Iron Co
81
Nassau, Brooklyn ..25 115
100
85
Tabasbat. L. APac. 100
16
161s New Central Coal 100
10
11
People's, Brooklyn. 10
78
70
do
Pref.lOO
Sl'^e 32% N.Y.APerry C. ALIOO
15
WUliamsb'g, B'klyn 50 120 123
25
Warr'n(N.J.),l'8'd,7.50
Ontario Sil. Min'g.lOO
3i
40
Charle8t'n.8.C.,Qas.25
21
West End (Bo8t.)...50 'si' "h'Iis Pennsylvania Coal. 50 280 320
Chicago Gas "Truat...
16
'4'5''t
83 14 Quicksilver Mln'g. 100
do. pref. (Bos.) 50
83
6% 71s CSncinnatl G. A Coke 197 193
West Jersey
60
50
37 13 Hartford, Ct., G. L..25
34
do
pref.lOO
30
27
West Jersey A Atl. .5(
43
44
Tenn.CoalAIronColoo
Jersey C.A Hobok'n20
841s 85
85
Western lVIaryland.50
11
12
do
People's, Jersey C.
pref.lOO 102
101
90
8I4
Sij
West.N.Y.APenn.lOt
. .

Mabonlug Coal RB.60 54
5S
do
Pref .50 107 >«
Maine Central.... loo
135
JJan.

Income

LltSHT,
Anel'i

Brush, Bait

I

. . .

Lou. Evaus.&St. L.lOO
do.
Pref.lOO
Loulsv. A Nafhv..lOti
Loul8T.N.A.*Chlo.]00

5%

A 8k

TRUST

5
do
i8t pref.
73
Kan.C.Ft.8.AMeni.lO(
135
Kan-C.Ft.S A G.pf.lOO 134
Kun.C.Mcni.A Bir.K f)
49 4t 60
Kan.C.Cl'nASp'd.lCO
Kan.CifT AOiuaha..
Kan.C.Wy. AN.W 100
«0>4
Kentuckr Cent
40
1 00
Keokuk A De8M..lC0
9
3
do
17
8
pref. 100
Keoli uk A West'u . 100
Klngat'nAPembr'keSO 24 >s 2e>{
UikeErle A W....100 17>4 18
6l''8'
do
Pref.lOO
, _.
Ii. on. A Mich. So..
100 lU4>i 104»B
Leblgb Valley
53
so
Uttle Miami.....
50 160 161
Little Rock A-Ft. S

Little Schu'k'l...

53 »t Maxw'UL.G.priorl.,68

Bid.

ELECTRIC

—

_

I«ng Island

52

34%

MISOELLANE0D8.

.

45

Iowa Cenual
l no
do
Pref.lOO

A

t biirles.50 «
Pitts. Va.
Western. ...50
Pitts.
Pref...'>0
34
do
Pitts. Youngs. AAsh.50 a ....

14

Ask

Bid.

[laokens'k Wat. Ist, Be 104 >s 107
Hend'n Brldgelj8,1931 111
Iron Steamboat i,'o. 6s
LariedeGaa.St.LlttNs
S3>« i>4

1

do

MU.

MlSCBLLAHKOUS.

Ask.

Bid.

100
OmataaASt. L
pref. 00
do
Or. 8.L. AUtb N.lOO
>regon TraiiB-< ontlOO
Pennsylrania RR. .50

9>«

00
20

1-40

•08
•30
•30

•10
•35

2-20
•30

•28
•13

1^00
•02

4^3U

4^65

•23

245

15
20

2

•lo

•30

•20

Consol. Paeino.... loo

Crown Point
Deidwood

100
1-45

Denver City Con
Duukin
El cn&io
car.k.i

V.,.. .!..«.,

sQuotutions per share.

1-90
•o9

.60

•1»
•75.

1^50

loO

400

I

January

THE CHRONICLE.

18, ItiO.j

101

Sl'OCKS AND BONDS—Cowolcdid.
For BsplaaatloDs 8«e Notes at H«>d of First Paxe or Qaotatloas.

GENERAL QUOTATIONS OF
Mining Stocks.

Bid.

100

•20

Gould A Curry 8. .100
Hale A NororuFR. .100

2-6(r

Father De Smet

..

Holyiike

Horn

Silver
Iron Silver

20

Iri)n Hill

Klii(rn.APeii.bx'ke Iron
LaoriiHHf
.... 1(1
,

Le*dvill« CooBoI.... 10
LlMlc Chief
80

1-25

Mono
MouUon

& Sllv.ior

•05
•Of
•20

Navalo
North Belle
Ophir

10<
lele

10

Oriental & Miller
Ply mouth Consol
Potosi
100

Baiipahanooh
Robinson Cousol.. 50
Savage
BlerraNevada
100
I

Silver

"i'if•2vj
•2ii

..,.,

Kin^

Standard
Sutro Tunnel
do Tiustcert
DnloD Consol

100
100

Utah

•25

Kaltiniore.
Bank of Kalllrnore 100 140
Bank of Coiuiiierce.l5 15
Citizens'
10 20
2<i0 Com. & Farmers'.. 1(K>
Farmers' B'k of Md.30
34
Farmers' & Merch..40
60
.40

WOO

F«riuors'ifePlanter8'25
First Nat. of Bait.. 100

3-10

Franklin

1-50
•03

3(
1^40
1-80
•25
•50
•06
•5u

2 10

4 00 Howard
1'90 Marine

.

45

Baitk Stocks.

1

10%

30
38
Meehauics'
10
13
Merchants'
..100
1^70 National Exoh'ge. 100 127
Pnople's
20
I914
.35 Second National ..100 162
•75 Third National. ...100
75
Union
83
20
Western

Boston.

2^50

•50

100
100
100
100
100
100

Aclantio
.\tU8

151.J

16

Blaokstone
Boston Nat
Boylston

504

501s

Broadway

1»»

Bruusw'k Antimony.
Bunker Hill
Calumet & Hecla...25 265 x267! Central
16c
CatalpaSiher
19c., City
lo
Cential
10
15
Columbian
2h
Franklin
163i
Commerce
25

:.100

100
100

14iis

UO
iim

mm

New

95

300

1

I

I

I

I

.

I

. .

(

I

I

j

1

I

HO

I

§Onolatljii.- per share.

100
100
100
100
Mutual Nat
New Orli ans Nat .. 100
..

.Metropo itan

People's
State Nat

.50

NatHk

180
109
122
121
113

2»i
152

144

Central National. .100
Chase National ...100 250

Chatham
Chemical
City
Citizens

Columbia

Commeice.

25 310
100 4200
100 490
25 182
210
..100 194
100

170*

i'li*"

88
205

265

1000 lOU
50 145
100
25 135
20 112
Citizens'
City
70 110
Commonwealth. ..100 75
2.5
IW
Continental
4i. 200
Eagle
100
85
Empire City
30 90
Exchange
105
50
Farragut

105
160
110
140
115
115
100

.100

..

iNatloual
Orient
iPhcBiiix

jSteam Boiler

147 >•
95
198
108

fiem Vork.
Alliance

305

95
128

100 i60
121
100 310
100 142
lOo
Ul
100 194
50 lOi

AltuaFiie
'Connecticut.

I

165
102

117

srocKs,
Hartt'ord, Coun

iHanford

210

131

165

FIKE INSLK'CB

Ills

Nevr York.

li!5

87

of California.
First Nat. Gold.... 100
Paolflc

110

100 131
200 I4414 147
UuljnNat
Whitney National. ICO 260

Butclieis'& L>rovei825

3«0
l;5
270
275
90
155
125
150
114

AuKlo-Cal if oruian. .

165

173
38

100
248

110
130

Bank

600
89

275
295

icm

San Francisco.

110

1511* 158
141I4 143

202
162

98i«
128i«

166

N.Lil>ertleH..50

Penn National
50
Philadelphia Nat.. 100
Scvcuih National. 100
Western National. .60
St. Iiouls.
Nat Bank of Com. 100
Cuuimorclal
100
Continental Nat. ..100
Franklin
100
Fourth Natioual ..100
100
International
100
Heohanlos'
Horehants' Nat ... 100
St. Louis Natlunal.lOO
Third National.... 100

115

175
197

lOO
America
American ixch'gelCO
Ashury Park Nat. 100
100
Bowery
25
Broadway

123%
101

50 120
.50
58

Keystone Nal'l

Orleans.

Louisiana Nat..

eov
240

Manufact'r'ra'Nat.lOO
Mechanics' Nat
100

.

9oM HlbernlaNat

I

transaotlacB.

1441s 147«« Kensington Nat

i

i

lai<

220

First National
100
Fourth at. Nat'l....lOO
(Jlrard Nut
40

143

12-J12 American Nat
12
107
11
1361s 137
Bank of ('ommerc«. 10
115
Raaklng..lOO
171
Canal i&
191
188
,....100
36
Citizens'
135i« lb6
Germania Hat
100 200

j

00

Nat
60|
Comm'nwcalth Nat. 50

Coiiimerclal

'

I

I;

1421s

330" 340

.

!

i

176

210

Bid.

Phlladelpbla.}
Bank of No. Amer.lOO 380
Chestnut St. Nat. 100 120

109H 115

Western German Bank 200
LoiilNvllle.
125
liJankof KentuckylOO 177
129
Bank of LoulsvlllclOO 108
lOltizens' Natioual. 100 121
()lty Nat
100 119>«
Falls City
100 1121*
125
Farmers' of Ky
100
98
l''»nner8' Sc DroT. 100 113
1-24
iFirstNat
100 195
11
German Ins. Co.'s.lOO 146
German
100 300
(lerman National. 100 145
13d
Kentucky Nat
100 133
l,oui8v.BankingCol00 290
Masonic
100 146
Merchants' Nat. ..100 151
111
Northern of Ky ...100
125
84's People's Buhk
38
100 118
Second Nat
100
Security
143
Tliird National.... 100 l.'O
I1914 Western
100 155

IOC 121
12114
100 131%!l32
Huron
100 99 ilOO
4% 414, Oommer. ii^i
2S
•/
Minnetota ..
4
25
O iniioouwealth...lOO 165 'l70
Natli^nal
lOO 122isil23
21a
25
Continental
27 14 Eagle
Osceola
27
100 lC53i 10t<
25
8I4
8I3, Eliot
2.'>
Fewabio
100 132i4il32is
Quincy
72
2ft
IOC 103 '104
Everett
lis
I26I4
Kiise
100 12
26
Exchange
Tamarack
100 U2
U2\
25 1591s 160
Faueuil Hall
lU^Nt;VACT'>INU,
100 240 245
First Natioual
Am.l.ineii(b'.itiv)110C
114
131
115
100 !29
First Ward
Amory (N. U.)
US
100 116 1161s Fourth NatonaL.lOt 116
AinosKeas iN.H.) 1000 2025 20jO, FreemBns'
100 10414 1041100 14
AndroBCoit'n (Me.). 100 132
135
100 10
Globe
Appletou (.Mass.). 1000 645 650
1^2is
100 1.2
Hamilton
Atlantic (Mass.). .100 100
103
Hide &i.«ather... 100 K3 lf3is
Barnaby (Fall RIv.). ..
10
120
loO J
111
Howard
Barnard Mfg. (F. R.).. "y'.s" 99
100 115
116
Lincoln
Bates (Me.)
lOO 117 120
Manufacturers'.. .100 105% 106
Boott Cot. (Mass.) 1000 1335 1350; Market
100 100 100 14
Border City Mf)f. (F.R.; 1-^6 l-<9
.\Iarket(Brlghton) 100 10i!l4 102 isl
Boston Co. (Mass.) 1000 960 960
250 10.9% 110
Massaclmsetts
Botton Belting
100 235 210
100 179 »i 180
.Maverick
Bott. Duck (MaS8.)700 1175
uao .Mechanics'
100 I3II4 I3II2'
Chace (Kail Kiv.) .1(X) U7ia HO
66
6^
100
Merchandise
I46I4 146 1«
Chlcopee(Ma88.) ..lOO 100
10<
c02
Merchants'
Cocheco (N.H.)
101
10114
lOi
500 5C0 505
.Metropolitan
Collins Co. (Conn.) 10
233
lOl 227
S^ his Monument
Continental, Me.). 100
2l>4 Mt. Vernon
13.14
21
lOt 137
163»»
Cres't MiUs (P. R.) 100
161
51
lOi
Sew England
CiystHlHin B'.(F.R.).
40
HO
10< 139
North
DavolMill9(P. R.)lJt 102 105
119%
120
lot
N>rth America....
Dougl'dAxu (Mas-) IOC
100 116 H«l4
OldBoston
161
Dwight (Mass.). . 500 760 765
100 160
People's
8OI4 Uedemptlou
136
Everett (Mass.)... New
80
lOt i;<4
17014
F. K. Machine Co.. 100
i70ii
55
lOv.
Republic
124^
Flint Mills (F. R.) 100 110
112
100 124
Revere
149
Franklin (.Me.)
lOti 147
100 103 104
Rockland
177I2
Gl'beY.iyiills(F.K.)100 117
100 177
Second Nat
Granite (F.K.)
250
100 200
1000
Security
Great Falls (N. H.)100 107 107i< ihawmnt
100 1304 i3oV
94<4 91H
Hamilton (Mass.) 1000 975 985
Shoe Jc Leather. ...100
124% 125
Hartr. Carpet (Ct.)lOO 109
118
100
.itate
HUi (Me)
79 '« 80
100 II514 1151s
100
SnSolk
Holroke W.Power. 100 275
100 107% 108
Third Nat
91
Jackson (N. H.)..1000 065 970
100 90
Traders'
King Philip (F.R.) 100 105
100 Ills 112
Treinont
LBOonia(Me)
100 144 Lii^
400 530 535
Union
Lancaster M.(N.H)400 575 580
100 125 14 12514
Washington
L'rel Lake Mills (F. R.; 110
100 10214 10312
112
Webster
Lawrence (Ma»8.)1000 15S.0 153
Brooklyn.
Lowell (Mass)
lOti 1,50
690 650 652
Brooklyn
Lowell Bleachery.lO(. 134
136
50 375
First Nationsd
Lowell Mach.8hop.50< 860 865
40 167
Fulton
LymanM. (Mas8.).10L 6514 06 City National
50 375
Blanchester (N.H.) lOu 146
147
60 1.50
Commercial
Mass. Cotton
lOOo 1050 1060 Long Island
100 137
Mechanics' (F. R.) 100
160
100
Manufacturers'
Merchants' (F. R.) lOo 125
129
50 250
Mechanics'
Merriujack(Mas8)10U0 13^5 1330 Nassau
lOO 250
Melacoiuet (F.R.) .100 72's 7714
Gtalcago.
Middlesex (Mass.). 100 167
158
American Exch. Nat.
Nairagans'tt(F.R,)100
91
97
Atlas National
Nashua (N. H.)
500 5yo 595
100 250
Chicago Nat
Naumkeag (Mas8.)10J 10714 108
(JommorcialNat...lOu 285 310
N. £. Glass (Ma»s.)37}
85
90
Couclneutal Nat. ..100
Newmarket
50(.' 360
100 315
365
First National
100
Pacitlc (Mass.)... loot) 1775 ilSOO Fort DenrOoru Nat
98
Peppsrell .Me. )
Sou 13,0 1335 Hide and Leather. 100
Pocasset (F. R.)...loo 113
Nat..
.100
115
Merchants'
Rloh.Bord'n(F.R.) 100 101
102 iMeiropolitan Nat. 100
Robeson (F. Riv.) 1000
85
Nat. Bk. of Amer..lOO
8agau]ore(F. Rlv.) loo ild' 120
Nat.B'kof Illinols.lOO
Salmon FaUs(.V.U.)300 275 •iSU
Northwestern Nat. 100
8audw.L(las8(.Ma88.)!J0
lUniou National. ...100
Shove (Full Uiv.). lOo i'oT 104 lUn.StockY'dsNat.lOO
Blade (Full Riv.).. 100
65
66
Cliicluuatl.
00
Staflonl (FallRlv.) 100 116
91
118
Atlas National
StarR .MiU8(N.fl.)1000 1185 1200 Citizens' National
220 225
120
Tecuiuseh (F. R.). 100 110
112isj Coiuiuercial Bank
110
ThorudlkeiMass.) lou<j 1145 IIKO: Kqultable National...! 137
ml) 102
rT"inontA8.(M:<"-<
ii
'38
1: 8'o
Filth N tl. not ...
.

IHSCSAKOC BTO0K«.

274~
220

IJ'nkof Couiiuerce

'

Fri ei,uui)i.,

Bid.

First National

. .

94>9

•05
•40

BOSTON miNINr:.

2.'Allouez...
Atlantic
25
Boat. <fc Mon . (Copper.

60

Cierman Amerloan

•Oi
2-5('

1^7„

Yellow Jac-ket

Ask.

HANK

Little Pitf-

Mextciui Q.

Bid.

Troy C.&W.(F.R.) 500 1057 1100
•75 Union C.Mf. (F.R.) lOl
243 245
1-45 Wampanoag(F.R.)100
137

Fourth National
a«rman National
3^00 Wa8hlngt'n(Ma88.)100
62
52 V, Market National
•CC Weetainoe (F. R.)100
60
61
MerohantH' National..
2-30 2-40 WUUra'tlc Llnen(Ct)25
30
40
Nfttloiial Latayette...
2-20
W1nche^ter It. \rnis Co
Ohio Valley Nat'L
•SO "•60 York Co. (Me.)
750 1135 1140 Seoond National
•60
•75
STOCKS.
Third Natioual
•7J

Frei-land

Bank Stookd.

Ask.

.Amerioar.

Bowery
Broadway

.'...25

File Association ..lOO

Firemen's

76
310

1

4800 German-American 1<K
50
Germaula
19U
50
Globe
2.'i
Oreeuwioh
2.4
lOt'
Guardian

165
115

200
.0

235
215

85
100
110
105
85
sao
175
135
210
65

87
90
112 ,|Uamllton
1!
5i
135 140
138 'iHauover
.100 132
140
101 135
Corn Excuhuge ...100 240
Home
3i
100 105
25 165
East River
Jefferson
25 145
Eleventh Ward
Kings Co. (B'klyn) .'H 150 160
3(
60
70
100 2000
First National
Knickerbocker
75
167
80
Fourth National ... IOC 1U5
Lafayette (B'kljn) .5
uO
loo 200
Firth National
»
75
Liberty
45
50
100 1100
Fifth Avenue
Lonx' Isl'd (B'klyn). 5.
100
165
110
100
Builders'lO"
Fourteenth Street.
Manuf. &
Gallatin National ..50 265
Nassau (B'klyn)....__5. 135 140
37'
70
400
10<
80
Gartield
National
J
Carman Aiuerioan. .75 127
N. Y. Equitable
75
260
85
German Exihange.lOO
New York Flre....lO'
5i
.65
100 270
160
Genuania
Niagara
80
2;
90
25 145
Greenwicb
North River
150 160
2:
100 330 370
Hanover
Pacillo
66
100 145
10*
70
Hudson River
Park
2i 160
160
Importers' & Tr...lOO 550 ."iao
Peter Cooper
80
01
90
50 185
Irving
People's
Leather Manuft8..100 210
Phenix (B'klyn) ....5' 130 135
120
130
100 200
Lincoln
Rutgers'
f"
100
5i
105
112
Madison Square. ..100 100
Standard
90 100
50 185
2c
.Manhattan
Stuyvesant
165
170
2;
Market & Fulton.. 100 200
States
United
180
10 170
25 210
Mechanics'
Weslcliester
.Mechanics'* Tr.. .25 210
Wllli»iiiRburgC1tT..V 300 310
100 210
.Mercantile
.nAKINK I NSC'
50 155
Mercha,ntB'
B.A.\CK SCKIP.
101
Merchants' £xob'e 50 122
Atlantio Mutual. .1886 100
8«» 10
1887 101 103
100
Metropolitan
1888 103 103
100 325
.Metropolis
100 363
18o9 103 104
.Mouuc Mortis
50 250
1890
Murray HiU
160
1873-82
60
70
50
Nassau
Commerl. Mu'.
100 247 25u
Kew York
130
E.VCHANGB
Exoh'gelOO
N. Y. Nat.
PKIC£S OF
New York County. 100 450
Ninth National. ...100 156
$22,000
.S.Y.Stock
70 150 192
North America
Last sale, J n 16. 21,000
30 145
North River
375 aa
N.Y.Cousol.Si'k Jc Pet.l
'25 2i5
Oriental
350
Laai sale, Jan. 14.
50 175
PaclHc
l.tOOas
N.Y. Produce
100 250
Park
10.
Jan.
tale,
LasL
?*5
•.i30
25
,
People's
550b.,625
N.Y. Cotton
15o
20 140
Phenlx
600
Last sale, Jan. 8...
Produ e Exchangeli o 110 118
b
a.
5C0
,655
N. V. Collee
IOC 180
KepuLlIc
530
I.,a8tsale
100 140 145
Seaboaid
N. Y. .Metal
8eooud National.. IOC 325
60
Last sale, Otc
Seventh National. lOo 130
K'l Est Exc.iAno R'm
162
l.'-2
1 Oo
Shoe & Leather
1,200
l^.
Jan.
sale,
Last
Sixth Natioual. ,-.100 250
12.500 bid
Boston Stock
...100 125
St. Nicholas
Last sale, Jan. 10. 12,!>00
lie
Stateof N. Y.. ...100 112
2,500 bid.
Philadelphia block ..
140
Third National ...mo 130
2,800
Last sale, Jan. 8..
98
40
Trail esinen's
S.Oask.
Chic. Boar.i of Tratlo.
United States Nat.lOO 215
850
7
JaU.
sale.
Las'
95 le 9i%
Western .National 100
tMel.
PltisO.P'-'.H''''
100 200
Went Si.te
Ooinmerc-al
Continenta

|

|

.

102

•J'HE

CHROMICLR

%nvitstmtnt

Latat Xairningt Reported.

BoASS.

IfMiic or Jfo

Sr. Bap. i&Iiid..
01ii.K.AFt. W.

IstwkJan.
IstwkJan.
IstwkJan.

Other lines ..
Grand Trunk. ..
.

The Ikvkstors' Supplement, a pamphlet of 150 poges
contains extended tables of the Funded Debt of State:) and
Cities

and

of the Stocks

and Bonds of Railroads and

other

published on the la*t Saturday of every
other month— V'Z., January, March, May, July, September
and NitVember, and is furnUhed without extra charge to
all regular hubscribers of the Chronicle. Extra apiei
are sold to subscribers of the Cukoniclk at 50 cents s3oh,

Companien.

and to

It is

others at |1

per copy.

The Gemral Quotations of Stocks and Bonds, occupying
six pages of the Chkonicle, are now 'published on the
third Saturda}' of each month.

RAILROAD EARNINGS.
Eamingt

Latest

Eeporttd.

Jan. 1

1888-9.

Wk
Wk

Jan. 4
Chic iGr.Tr
Jan. 4
Det.Gr.H.<kM. '.V'k Jan. 4
Gulf & hicago Decemb'r.
<.

.

Housatouic

November.

Hunieat'n&Sheii Decemb'r

Decembr.

ni.Cen.dll.&So.'

CcdarF.&Min. Decemb'r
Dub. & Sio'xC. Decemb'r
Iowa lines
Decemb'r
Total all
Decemb'r
Ind.Dec.&Wcst. Decemb'r
Intcroc'uic (Mx) Decemb'r
Iowa Central... 2dwkJan.
Iron Railway... Decemb'r.
J'ie'nv.T.&K.W?/ November.

Kauawha& Ohio
K.C.F.S. & Mem.

st wk Jan.
1th wk Dec
& Sp 1th wk Dec
K.C.Mom. & Bir. Ith wk Dec
K. C. Wy. & N.W Decemb'r
Kentueity Cent. Decemb'r
Keokuk & West. istwkj,in.

Kan. C.

1

CI.

Kmj^t'u &Pem. Istwk Dec
Knoxv. & Ohio. October.
L. Erie All. & So Decemb'r
L. Erie & '.Vest.. IstwkJau.
Lehigh & Hud.. Decet:
L. Rook & Mem. 1th wk Dec
Lou^ Islaud
Decemb'r
La. & Mo. River. Seplemb'r,
.

lo

Latesl Date.

BOADS.

WeekorUo 1889-90.

[VOU

1889-90.

188e-9.

.

Alleglieny Val.. November.
Ajini8t«ii

& Atl. Uecemb'r

Ainiiston & Ciu. Deceinb'r
Ab1iv.& Spartan. Dece^nb'r
Atch.T.&S.Fe 1th wk Dec
8t.L.K.C.&C'ol. 4th wk Doc
Gulf.Col..v«.F 4th wk Dec
South uCtlifcr 4tU wk I>ec
Total {*.V3toiiit 4th wk Dec
A'^'^'ita .feOhar November.

Atlanta

& W.Pt

Decemb'r
Dccemb'r

Atl. A: Dauviile
Atlantic
Pac.

1st wk Jan.

..\i

RAaEastLtue." Decemb'r
Western Line Decimb*r
Decemb'r.
Total
Bal. &0.8.W... isi wkjan
Bait. & Poioin n November.
Beech Creek
November.
Bir.Selma&N.O Decemb'r
fil; •2d wk Jan.
& Northw. Decemb'r

Burt.Roeh.A
Burl.
BiUl.

&

Wcsteiu Decemb'r
Camilon <Si Atl. November,
OaniwliauP.acitl IstwkJau.
Cp.F'r&Yad.Val Decemli'r
Cent. Br. U.

P

October.

..

Ccn.KK.&Bs.C" November.

200,632
9,929
14,088
9,475
545,598
1,581

134,771
22.006
736,726
140.839
48,696
39,200
38,619
1,620,754
495,529
2,116,283
48,403
152,871
54.551
3,186
24.605
4,538
5,825
38,588
223,000
35,935
95.669
828,974

*
197,268 2,169, 489 .,915,420
9,257
98, 479
93,871
7,933
121, 856
8,790
120, 146
114,139
522,210 20,716, 853
1,008
62, 708
99,123 4,093 863
,233,738
59,169 1,692, 367
,510,983
732,692 28,013 266
,435,760
119,322 1,366, 118
,196,019
43,069
462, 483
416,533
21,231
59,997
38,619
59,997
1,314,001 17,311.976 115,4)7,366
451,325 5,100,509 4,71-(,90S
1,765,326 22,412,485 20,156.274
39,618
48,403
39,618
141,062 1,500,253 1,425,900
72,310
721,834
828.219
2,903
23,076
22,338
41,410
47,319
82,820
4,717
64,657
55,868
5,970
58,958
54,312
36,906
699,356
660,730
215,000
223,000
215.000
28,910
398,41u
328.199
91,035
662,414
748,091
797,399 7,18.>,250 6.612.340

Central of N. J.. November. 1,172,311 1,174,567 12,385,78; 12 2no,'.!61
Central Pacific
November. 1,278,395 1,381,562 14,486,944 14,56.^.913
Central of H.C.. November
10,598
8,915
94,754
91,338
Ceiitr'l Vennoul Wk Jan. 4
82.623
07,856
8-2,623
67,8.56
Oharleat'u it 8a\ .Vovember.
18,'235
57,468
549,083
503,139
Char.Col. & Aiis Decemb'r
88,600
89.774
895,659
913,737
Chat.R'mo&Col. Decemb'r
32,000
15,632
284,182
Cheraw. & Darl November.
7,770
8,064
78,190
74,471
•ICbes. AOiiio.. tstwkJan.
120,331
87,162
129,331
87,162
Chcs. O. AS. \V. Decemb'r
187,779 183,117 2,125.777 2,000,016
Cheshire
Septemb'r.
56,400
58,074
475,547
438,470
Cce^. A Lenoir November.
6,965
7,046
67.238
71,915
CMC. & Atlantic. IstwkJ.tn
43,371
38,349
43.371
38,349
Chic. Burl. & No November.
193,73
238,367 1,821,812 1,842,920
Chic. Bnrl. & Q November. 2,323,590 2,230,839 24,296,220 21,621,494
Lines conlrTd November. 643,988 607,728 6,571,620 5,317,223
Chic.&Ea.st.Ill. IstwkJau.
44,539
55,473
44,539
55,473
Chic. Mil. &»t.P. 2d wk Jan.
415,000 368,399
837.000
763,232
Chic. &X'tliw'u. November 2,513,452 2,283,424 24,002,316 23,892,347
Cliic. & Oh. liiv Decemb'r
6,95?
7.703
73,752
63.469
Chic.Poo.&St.L. October. ..
41,543
29,091
311.329
238,779
Chic.fet.L.&Pitt. October.
650,-i30
591,968 4,813,196 4,470,826
Ohlc.fct.P.&K.C. 4th wk Dec
108,715
61,784 3,483,291 2,l.->8,379
Chlc.St.P.M.itU. November.
668,93
616,790 5,839,105 5,958,711
Chic. & W. Mich IstwkJan.
19,817
18.841
19,847
18.811
can. Ga. A Ports. Dece'ub'r
4,867
5,283
64,232
65,191
Cln. .Liclc. AMai- IstwkJan,
10,401
10,786
10,404
10.786
Ola.N. O. &T.I'. IstwkJan.
71,812
65,822
71,812
65,822
Ala. Qt, South. IstwkJan.
34,414
29,863
34,414
29.863
N. Orl. & N. E. IstwkJan.
19,4';6
18,951
19.466
18.931
Ala. & Vicksb. IstwkJan.
13,936
12,186
13,936
12,186
Vlck.s. Sh. & P. Ist wk Tan.
12,372
9,979
12,372
9.979
Ei-lauKer 8yst. IstwkJan.
152,000 136,801
152,000
136.801
Ciu. .Scl.'&Mob. Decemb'r
11,063
17,321
101,697
123,489
Cln.Wab.&SIicl). Decemb'r
44,175
40,009
328,819
487,111
Ciev.Akrou&Col 4th wk Dec
19,641
17,644
747,517
692,977
Clev. & Canton.. November.
44,256
25,373
406,679
316,983
CI.C'lu.Ch.&S.L. IstwkJan.
203,701 182,948
203,701
182,918
Clev. & Jfarietta Decemb'r
20,965
22,483
256,573
286,445
Color. Midland. IstwkJan.
27.780
23,120
27,780
23,120
Col. & Grcenv ..'Decemb'r
79,900
71,939
770,281
645,623
Col. &Cin. Mid. IstwkJan.
6,16'
6,2 '3
6,233
6.167
Col. Hock.V.&T. Decemb'r.
181,996 220,503 2,437,990 2,893,970
Colusa Si Lake. Decemb'r
1,932
1,529
26,810
21,783
Covinpf.vfeMac'u. iDex-emb'r
16,186
7,833
116,527
52,687
Day.Ft.W.&Ch.. Decemlt'r
40,746
40,770
494,754
4;M,on3
DouT. & Rio Gr. 2dwk Jan. 133,000 140,000
265,000
271,000
Den. Leadv.&G. October. .. 115,329
87,634
815,931
918,919
Dcu.Tex.di F. W. Decemb'r
245,055 226J0CI5 2,471,955 2,009,863
.

.

Det.Bay C.& Alp Decemb'r

Det.Lans'K & No 1 st wk Jan.
DuliithK.8.&Atl 4tUwkDec
E.Teun.Va..&Ga. IstwkJan.
EUz.Le.\.<tB.8... October.

..

Evans.&lnd'plis 4th wk Deo
Evansv. & T. H. 4thwkDec
Fitcbburg
November.
'

Fliut.&P.Marii, l.stwkJan.
Flor. Cent.& P. ilstwkJan.
Ft.Mad.<feN'w'n Decemb'r.
Ft W. Cln. & L. . November.

QeorKia Paoitto Decemb'r
Ga. ER. &B. Co. November.
Geo. So. APIa.. 'October. ..

30,000
16,333
29.189
126.92
77,392
7,239
22,723
551,799
48,841
30,361
2,350
26,198
183.700
165,900
40,648
I

33,000
14,465
23,523
104,801
93,329
7,388
20,318
497,039
44,475
27,372
2,831
21,683
133,600
163,229
7,501

485,737
10,333
1,760,115
126,923

4J1,116
14,463
1,421,812
104.801

683,508
831,^26
300,486
254.019
900,395
851,517
5,438,827 5,101,285
48,841
44.175
30,361
27,372
23.959
27,978
283,701
246,yeo
1,490,578 1.304.71
1,458,832 1,381,657
253,037
I

Louls.Ev.&St.L. Decemti'r.

Loulsv.&Nasbv. IstwkJan

Louls.N.A&Ch. IstwkJan
Louisv.N.O. it T. 2d wk Jau
Lou. 8t.L.&Tex. Decemb'r.
Ixjuisv. South'n.

Decemb'r.

Memplils & Oha<
(Mexican Cent...
(Mox. National
tMexieau R'way
.Mil.L.Sli. & Wcsl

Istwk.Tau.

IstwkJan.

IstwkJan

.

iVk Dec. 28

2d wk Jan.
IstwkJan,
Decemb'r.
.Minneap. &St.L. Decemb'r.
M.St.P. & S.8.M. Decemb'r
Mo. Kan. & Tex. Decemb'r.
Mobile ife Ohio
Decemb'r

Milwaukee

&No

.Mineral Range..

. .

Montana Uniou. October.

..

Nash. Ch. &8t.L. DeceralVr.
N. Jersey &N.Y. October. ..
New Orl. & Gull Decemb'r
N. Y. C. & H. R. Decemb'r
N. Y. L. E. & W Novemlier
N. Y. Pa. & Ohio October. ..
N. Y. & N. EUK. November.
.

.

N. Y. &North'n.
N. Y. Out. & W..
N.Y. SusQ. & W..

Decemb'r
IstwkJan.
November.
Norfolk it West. lst>kjan.
N'theast'n <8. C.) November.
Nortli'u Central. November,

Northern Pacilic 2dwk Jau.
Ogd. & Lake Ch Wk Jan. 4.
Ohio Ind. & W.. Decemb'r.
Ohio it Miss
IstwkJan.
Oliio & Northw.. Decemb'r
&
Maysv.
Col.
Decemb'r
Obio River
IstwkJan.
Ohio Southern.. Decemb'r
Olio Val. of Ky IstwkJan.
.

Omaha & St. L.. November.
Oregon Imp. Co. October.
Oreg. R.

<t

N. Co. October.

Ore.S.L.&Ut.N. October.
Peunsylvauia .. November.
.

PeonaDec.&Ev. 4thwi£Dec
Petersburg
November.
Phlla. & Erie... November.
Phila. & Read'g. November.
Pittsb. & West'u November.
Pltt.s.Clev.&T. November,
Paln.&F. [November.
Total systemj2d wk Jan.
Royal & Aug. November,
Pt.Roy.itW.Car.jNovember.
Pres.J^ Adz. Cen.' November.
QuincyO.&K.C. Decemb'r.
cR.&Dan. Sys'm IstwkJan.
Rich. & Petersb. November.
Decemb'r
Rio Gr. West.
Rome it Decatur Decemb'r.
Rome \V. & Ogd, Decemb'r.
St. Jos. &G. Isl. IstwkJan.
St.L.A.itT.lLB's iStwkJan.
St.L.Ark. &Tex. IstwkJau.
8t.L.De3M. &N. Deccmb'f
8tlj.& San Fran. IstwkJan.
St.Paul&Dul'tb Decemb'r.
8t P.Min.it Man. Decemb'r.
East, of Minn. Decemb'r
MoutanaCeut, Decemb'r.
S.Aut.&Ar.Pass. IstwkJau.
Pitts.

Pt.

I

Fran.&N.Pac 1th wk Dee
Sav. Am. it Mon, Decemb'r
Scioto Valley... Septemb'r.
Seattle L. 8. it E, 2cl wk Jan.

8.

Shenandoah Val Decemb'r
South Carolina Decemb'r
8o. PaciUc Co.—
Gal.Har.itS.A. November.
November.
Louis'a West
Morgan'sLiL'T. November.
N. Y. T. & Mex. November.
.

.

.

& N. Orl. November.
Atlantic sys'ml November.
Tex.

Pacific

system November.

Total of
8o. Pac.

I

all

.

.

i

November.

1889-90,

Jan. 1

to

1888-9,

1889-90.

$

S

30,969
32,188
6,422
6,341
2,687
2,730
312,617 311,114
73,859
62,715
19,266
19,176
5,015
6,686
107,563
89.660
18,000
14,751
1,370,541 1,169,856
8,370
8,080
191.347 152,13
199,917 160,215
1,576,461 1,330,071
39,911
45,339
123,280
74,623
33,202
30,5.59
3,008
4,505
56,352
37,608
J>,466
4,118
126,563 112,288
7,766
6,564
35,190
31,283
46,800
32,622
87,489
87.194
0,263
5,90
2,554
2,350
53,64
49,113
4,900
5,772
48,104
39,021
22,436
21,289
22,1 16
17,313
230,015 216,205
48,271
40.718
87,485
90,732
331,050 286,290
3),037
32,593
89.017
63,868
34,744
33,150
27,000
41,209
36.295
99,264
96,221
68,318
62,461
69,365
59,6 52
50.322
33,661
20,300
17,035
0,415
8,568
142,550 110,427
177,554
95,442
796,971 574,801
321.751 312,498
80,327
72,136
309,265 285,125
24,443
21,495
22,029
21,888
2,931,531 3,000,831
,479,171 2,230,298
672,058 585,108
491,348 459,547
42,801
4.0.177
25,111
22,119
133,345 126,600
123.817
95,632
59,490
50,951
528,151 488,111
266,885 230,178
13,822
10,587
129,888 1 18,656
68.922
91,165
20,538
17,383

L.

Latest Date.

1888-0.

$

30,969
32,188
6,422
6,341
2,687
2,730
312,017
311.114
73,859
62,715
19.266
19,176
45,121
41,895
1,153,063 1,040,387
158,305
155,743
14,151,851 11,822,477
95,702
95,371
1,804,822 1,742,398
1,913,627 1,837,769
16,0.52,375 13,6(0,245
392,622
394,249
63,317
40,659
469,945
5,466
4,793,098
277,290

54,938
60,137
387,524
4,418
4,341,488
274,135

4:<6,370

294.294

1,003,334
6,263

1,042,680
5,902
182,914

170 036
477,920
61,232
48,101
272,850
617,368
3,485.370
331,753
1,050.695
331,050
33,037
169,707
41, 209
99, 261
68, 318

4,133 ,145
100,',982
20,.300

109, 369
1,461,,157
1,630,,726
7,008, 517

3,049 ,383

410,1)07

62,543
39,024
251,218
676,179
3,414,780
333,012
1,0'28,854

286,290
32,593
117,933
36,295
96,2'24

62,461
,993,868
68,009
17,085

99,564
,354,560
,102,499
,320,055
,606,282

024,,110

635,077

3,5il5,,725

,125.280
203,212

204,,670

182,063

169,980
598[35 283.584
162 '24 ,8 67, .5.50
282
,201,623
237
,910,196
593;,035
556,782
25 ,111
22,119
1,278,,223
,322,208
123 ,817
95,632
553,,558
556,980
5,569,,731
,703,857
512,,312
508,127
13,,822
10,587
1,434,,167
,489,978
68,,922
94,165
218,,753
188,912
10,,901
8,639
11,,099
9,523
522,,638
566,344
3,,009
1,930
465,,566
381,148
3,571,,176
,101,288
5,035,,225
,238,990

36,056
25,321
5,152
5,177

821
921
11,099
9,523
41,696
50,511
3,009
1,030
51,859
39,730
390,363 397,191
687,763 731,719
633,742 591,698 5,372,,111
,658,198
5,492,800 4,860,851 56,019,,130 53 ,363,995
22,480
21,989
723,,337
710,228
36,371
32,810
420,,123
379,213
412,193 412,333 4.322,,316l 4 ,115,877
19,020,,310 19 ,099,681
iis.sii 114.511 1,'286,,188
164,952
3 7,226
44,283
452,,795
438,840
20,8927,817
263,,502
248,970
38,6;ll
37.143
73, 347
74,287
32,963
24,091
288, 912
292,403
41,780
39,370
325, 268
294,407
11,929
12,132
117, 108
96,847
19,888
19,680
245, 95s
216,703
215,350 216,0.,0
243, 550
216,000
25,597
21.821
270, 15
213.615
109,8:
120.886 1,433, 506
366,622
8,100
4,200
293,765 207,368 3,578,890 3,363,790
44,400
22,678
41,400
22,678
19,030
15,905
19,030
15,905
04,319
58,567
04,319
53.567
6,178
4,631
61,636
52,465
88,402
85,401
88.402
85.404
88,3S»0 1,290,097 1,521,918
89,559
730,609 858,129 8,333,223 9,281,834
66,167
11,225
77,839
51,642
30,316
20,669
30.316
20,669
16,870
737,121
17,357
727,169
25,110
204,5J3
18,673
126,581
59,678
72,836
476,017
500,457
5,875
4,068
10,376
7,707
92,000
05,) 45
9j5,712
831,948
121,011 123,606 1,352,609 1,269,031
386,827
108,191
605,416
25,157
180,206

398.156
97,375
537,008

176,308
491.724
177,286
82,483

185,001
521,132
164,630
78,534

3,606.230 3,459,754
993,592
833,328
4,797,370 4,644.683
10,108
170,375
130,688
141,911 1,566,976 1,312,269
1,283,796 1.240,588 11,134,713 10,430,719
2,810,25712,930,127 3 1,52 -',219 32,291,203
4,126,053:4,170,715 42,656,991 42,721,921

RR.—

Ko. Div. (Cal.) November.
So. Div. (Cal.jiNovember.
Arizona Div.. [November.
New Mox. Div. November.

2,108.393
5,611,393
1,706,433
863,523

1,931,550
6,122,109
1,923,589
916,725

January

THE CHRONICLK

18, 18flO.)

Liuiaii

Bo ADS.

Jan. I to jMtett Date.

jeartangt Heporltit.

WeekorMl

1889-90.

I

1889-00.

1888-9.

I

a

I

8par. Un. A Col. November.'
Btatcn I. Kap.T. Novcmbor.i

Buminlf Blanch. November.
LykoiiB Valley November.

Texas &

Pacltto.

AAN.

05,376;

ilstwkJau,

liil,408|

M. 2dwkJttn.
ClD..l2d\vk.Iau.'
Tol.A Ohio Cent. Itit wk .rnu.
Tol,A.

13,0351
54.47(i
101,(iH0

&

16,9oS;

1888-9.

ll,276i

109.1811

52,7:tll

876.480

856,889

]0(i,765 1.09",62l
837,331
83,911'
ii:4.l06
lfi.260
S.4.385'

1,328,5'H
929,181
117,378
S0.670
7,670
15.066

117,378

93,82!i

8.480
3,773
17.60 1;
17,604'
15,060
115.303
Tui.&O.Cen.K.x.Uecpnib'r.i
8,024
88,26;)
8,397
1.5.74f>|
15,740
Tol. P. & West.. ilstwk Jan.
16,978
T6,!)78
56,.501
Tol. St. L. & K.C. 2a wk Jan.
17,155
32,755
30,250|
Union Paelllo...'Novomber. 2,889,408 2,723,240 28,285.474 27,6s;i;.s
Total sy.stenit.. [October. .. 4,270,476 1,017,685 32,431,019 32,221,008
5S7,955
Valley of Ohio.. [November.
52,300
53,700
569,732
13,243
175,677
Vermont Valley November,
14,902
167,212
Virginia Midl'd. Deeemb'r
1 66,000
148,361 2,130,760 1,824,673
Wabash
230,289
IstwkJan. 230,289 199,096
190,096
9,000
126,674
Wash.O.ife West. Doceinb'r
10.700
119,122
5(>l,637
Western of Ala. l>ecemb'r
62,076
51,150
4Cl,5ii2
West. N.Y. & Pa. 2d wk Jan.
56.000
55,800
111,000
in, 400
868,526
West. N. Car'l'a. Docemb'r
73,400
03,036
003,974
West Jersey
November. 102,695 101,012 1,423.170 1,459,187
7o!l,9 47
08.059
60,495
661,697
W.V.Cen.&Pltts.lUecemb'r
17,631
37.271
Wheeling & L.E. 2a wk Jan.
19,310
33,587
Wil. Co!. AAus. November.
92,483
78.433
806,667
722,442
49,324
137,892
Wisconsin Cent. 2d wk Jan.
73,000
95,504
80,886!
Wrigbtsv.ifeTen Deecm b'r
7,368
6,524
Tol. Col.

4,457

;

m

i

|

Net KarainKM Montblf to Latest Date*.— Tlio tahlcaj foUowing show the net earnings reported this week, the roturiia for
each road being published horo as soon as received, hut not
kept standing from week to week. The figures cover the
latest months and the totals from January 1, and also th*
totals for the fiscal vear on those com;) nie.s whose lliical year
does not correapomt with the calendar year,
.

Inclu'lhiji liucs in wliicli luUf o\vnef.^hlp"l3'held.~"t Mexican ciyrrency.
ft includes
file Moni)ilils division in 1889.
e Earn in as of
rt Kiohmond <fe Allegheny
entire system, includiiis all roaa operatea.
U. C. for first three
included in both years.
/ Includes Fort Worth
months in both years.
g Main Line only.

&

—

Latest Hross EaruiiiifH by Weets. The latest weekly earninps in the foregoing table are separately summed up as follows:
For the second week of January the increase on the 15
roads which have thus far reported ia 11 '53 per cent.
2tl

week of January.

1890.

Buffalo Roch. & Pitts
Chicago Mil. &8t. Paul..
Denver & Klo Grande
.

.

Louisville N. O. A Texas.
Milwaukee I.. 8h. A W est.
Northern Pucltlc

Pittsburg

eft

Western

Eastern..
Toledo Ann.A.A No. Mich.
Seattle L. 8.

&.

Toledo Col. & Cinu
Toledo St. I.. & Kan.City.
Western N. Y. <fc Penn...
Wheeling & Lake Erie.
Wisconsin Central
.

Total (15 roads)

Net increase (11-52

For the

first

9

1889.

1

Increate.

Decreatt

.«

9

1

24.605
415,000
135.000
33.202
80,017
50,322
260,885
38,691
5.875
16.969
4,457
30,250
56,000
19,310
73,000

41,410
368,399
140.000
30,559
63,868
33,664
250,478
37,143
4,068
15,266
3,773
17,155
55,800
17,631
49,324

1,258,583

1,128,538

p. c.)

10,805

46,601

"5,600

2.643
25,149
16,658
16,407
1,.548

1,807
1,703

684
13,095

200

JulyltoNov.30, Mfross
5 months.... < Net
Not,iuclud'glnvestm'nt»
Central Pdclllo
Gross. 1,278,395
Net...
517,051
CblcagoSt. P.&K. C.Gross.
361,96A
Net...
55,076
July 1 to No v. 30, (Gross

5 months
JNct
Denv. Tex. it Ft.W.Qro8S.. '243,400

of January.

Net...

45,500

A Pere Marq... Gross.

187,430
57,910
165,900
57,298

&

Ohio Southw
Buffalo Roch. & Pitta...
Canadian Paoitlc
Bait.

fCentral

Vermont

Chesapeake & Ohio
Chicago & Atl.iutic
Chicago & East. Illinois
Chicago & West Michigan.
Cincinnati Jack. & Mack.
.

Cln.N.O. &T.Pac.(5roads)
Cleve. Cin. Chic. * St. L
.

Colorado Midland
Col. <fe Cin. Midland
Detroit Lans. & North
East Tennessee Va. & Ga.
Flint & Pere Marquette..
FloridaCeut.& Peninsula.
Grand Rapids & Indiana.
Cincinnati R. &Ft.W...
Other lines
tGrand Trunk of Canada.
Chicago A Gr. Trunk.
tUetroit Gr. H. &MU..
Kanawha & Ohio
Keokuk &, Western
Lake Erie & Western
Louisville & Nashville...
Louisv. N. Alb. &Chic...
Memphis & Charleston...
Mexican Central

Net...

G». RR.

& Bkg.

Co.. Grose.
Net...

358,924
95,635
66,631
18,141
18,598
4,110

Not...
Chlo.&GrandTr'k, Gross.
Net...
Det. Gr, H.« Mil. .Gross.
Net...

151,850
130,045

dc

Western.. Gross.

31,695
12,462
206,305
90,384
62,580
28,176
570,686
250,681
154,762
68,692

Net...
Lake Erie & West'n. Gross.
Net...
Uttle Rock *Memp. Gross.
Net...
Mexican Central. ...Gross.
Net...
Minn. A St. Louis.... Gross.
Net...
July 1 to Nov. 30, ) Gross
.-jNet
5 months

200,025
95,444
45.131
3,750
361,838
118,187

Net...

N.Y.A Northern... Gross.
Net...

21,8o5

Ohio* Mississippi.. Gross.

is

lO'So per cent

on

1889.

Inereate.

130.651

1,225,764
38.619
48.403
22.714

1,108,823
59,997
39,648

223.000
82,623
129,331
43,371
44.539
19.847

215,000
67,856
87,162
38.349
55.473
18.841
10.786
136.801
182.948
23.120
6,167
14.465
104,801
44.475
27,372
32,188
6,341
2.730

8,000
14,767
42,169

31 1.114

31,503
11,144

10.404
152,000
203,704
27,780
6,233
16,333
126.923
48.341
30.361
30,909
6,422
2.687

342.617
73.859
19.266
5,466
6,263
48,104
331.050
33,037
41,209
99.264
68.318
20,300
25.111
68.922
13,822
11.089
3.009
245,550
44,400

13,710
21,376

8,755
'l8,696

41,41(

62.715
19.176
4,418
5.902
39.024
286,290

Deereatr.

10,934

""382

15,199
20,756
4,660

66
1,868
22,122
4,366
2,989
1.219
81

90
1,048

301
9,080
44,760

53,330
26,595
20,830
5,290
568,798
280,531
125,788
30,178
61,852
20,279

Net...
QulncyOmaha&K.C. Gross.
Net...
StLouis&San Fran. Gross.
Net...

A

Duluth...Gross.

San Fran.

A No. Pac. Gross.

St.

Paul

Net...
Net...

5,02'i

1,006

July 1 to Nov. 30, ! Gross
SNet
5 months
Gross.
Ohio River

""43

Southern Paolfle RR.—
Northern Division. Gross.

{Net
.

fioorf*.

$

9

£

£

345,043 3,693,066
91,199 1,090,277
58,843
673,362
16,350
166,254
19,020
200,361
4,607
47,927

$

$

31,652
313,801
2,244
25,034
185,412 2,290,511
76,149
917,705
61,663
540,334
22,748
476,302 5,705,458
232,217 2,533,870
140,600 1.321,607
62,647
373,630
730,227
274,707
137,994 1,473,172
50,694
526,588
38,781
555,834
def. 3,617
291,588 3,723,604
37.965 1,214,862
1,896,902
698,229
42,340
539,841
19,205
266,759
19.016
226,070
65,726
2,588
846,075 5,475,967
243,557 2,479,438
118,487 1,201,355
15,494
712,860
56,020
4,987

1,820,460
490,121
6,042,510
2,269,216
2,33i>,.544

3,372,841
1,331,040
1,336,001
I4,.565,91.%

0,905,481
2,213,8«3
425,645
1,197,307
838,419

2,197,477

687,60C
1,381,651

440,135

£
3,453,664
1,003,118
596,376
145,805
210,356
51,440

t
298,809
3,301
1,968,618

728,398
613,028
5,282,719
2,122,617
1,244,133
319,286
628,712
211,683
1,007,057
174,020
516,603

3,467,862
905.386
1,727,344
485.883
425,466
187,784
197,023
82,840
5,237,747
2,237,986
1,436,329

680,862

176,308 185,001 2,108,303 1,931,580
758,014
890,679
71,954
88,890
{491,724 521,132 5,6n,3.)3 6.122,109
178,109 138,021 1,758,910 1,550,982
177,286 164,630 1,706,435 1,923.589
571,043
279,199
77,527 def .7,935
865,-523
916,725
82.483
78.584
347,517
277,000
42,710
36,781
235,131
109,842
27,092
17,467
15,699
2,999
79,645
8,113
106,906
8,216
52,796
34,533
4,009
3,607
.S.902,973
3,561,931
419,686 344,243
191,928 104,495 1,447,327
2,130,0.52 1,877,628
907,845
661,593

Net...
Southern Division. Gross.
Net...
Arizona Division.. Gross.
Net...
NewIMexico Dlv.. Gross.
Net...
Toledo Col. A Cin... Gross.
Net...
ToLAO. Cent, Exten. Gross.
Net*..
Wisconsin Central.. Gross.
Net...
July 1 to Nov. 30, > Gross

5 mouths

r-Jan. 1 to Hor. 30.-.
1880,
IgtM.

24,423
10,947
184,618 1,799.829
07,484
531.692
797,399 7,lt<0.->V)
309,1«4 1,901, i,16
309,184 2,091,565
3,752,590
1,186,546
1,250,063
1,381,562 14,480,044
514.580 5,463,383
267,628 3,093,703
786,Wi7
74,975
1,761,267
487,273
250,498
79,127
193,650 2 159,820
64,401
684,362
163,220 1,458,832
66,477
438,703

£
Grand Trunk of Can. Gross.

Net...

1890.

Prev'ly report'J (IZroads)
Atlantic & Pacillo

Flint

MInn.St.P. *8.8. M.Gross.

1,679

23,676

.

$

38,500
18.000
176,033
57,699
828.974
302,289
353,833

Not...
Buff. Raeh.A Pitts. .Orosa.
Net...
Cent. BR. &Bk. Co. Ga. Gross.
Net...
Net,lnclud'glnvcstm'nts.

Keokuk

74 roads.
l»i tueek

$

$

$

week of January the gain

Kotember.
1888.

1889.

Soadf.
Atlantic A Danville Gross.

I

t

103

December
1889.

1888.

.

,—Jnn. 1 to iJw. 31

1889.

—

1888.

$
*
$
$
Baltimore A Ohio RB.—
Eastof OhioRlvor.Grose. 1,620,7-54 1,314,001 17,311,976 15,437,366
Net .. 631,726 410,481 6.172,350 5,319.303
4,871,485 3,91.5,.560
Mexican National
Oct. 1 to Dee. 31) Gross
I,s36,269 1,279,391
3 months.... < Not
Milwaukee & Northern..
New York Out. & West...
Westof Ohio River. Gross. 495,529 451,325 5,100,509 4,718.906
Ohio & MisHissippl
25,243
661,396
147,989
98,100 1,105,711
Not...
tOgdensburg & Lake Ch.
3,235
1,456,829 1,303,272
Oct. 1 to Dec. 31 (Gross
Ohio River
1,576
407,640
278,616
3 months.... i Net
Ohio Valley of Kentucky.
1,079
Gto.ss. 2,116,283 1,765,326 22,412,485 20,156.274
Total system
Rich. & Danv. (8 roads)..
29,550
216.iX)0
,
779,715 508,681 7,278,061 5,980,699
Nst...
St. Joseph & Gr. Island..
22.678
21,722
Gross
Oct.ltoDec.31)
^•''^'.•Ji* ?'?lf'!Sg
3,125
St L. Alt. & T. U. Brches
15.905
19,030[
2,343,909 1,558,007
5 Net
months..-.
8
Bt. Louis Ark. & Texas..
58,567
5.7
04,319
308.410
328,198
28.910
35,935
8t.LouisABan Francisco.
85.404
2,998
0. Fear A Yad. Val. Gross.
88,402
183,393
153,798
13,916
16,701
..
Not
San 'Antonio & Ar. Pass.
9,647
30,316
20,669
?96.015
2*5,2^
862
Seattle L. 8. & Eastern
Apr. 1 to Dec. 31. (Gross
3.639
4,501
131.928
110,981
JNet
9 months
7,028
Texas & Pacihc
124,406
117,373
2,538
Toledo & Ohio Central.
15,066
17,804
Gross. 1,376.544 1.169,856 14,151.831 11.823,477
Illinois Central
Toledo Peoria & Western
1,238
15,740
16,978
Net .. 577,224 502,689 5,627,704 4.067,771
10.651
Toledo St. L. & Kan. City
15.600
26.251
559,817 481,284 5.»e3,201 3.847,090
expend...
Net.1688 perm,
Wabash (consol. system)
31,193
230.2S9
199,0i»6
July 1 to Dec. 31 (Gross
Hl^.'S^ o'^^'rc^
COO
Westeni N. Y. <fc Penn..,
55.000
55,600
6 months....} Net
2'?S2'o9i
2,271,690
3,096,847 o'^'S?^
Nst, less perm, expend
Total (74 roa<lB)
531.881
93,443
4,7 17,392 4,278,954
95,702
95,371
8,570
^ 8,080
Ced'rFaUsAMlnn. Gross.
Net Increase (10*25 p. e.)
-•---••
438,438
def. 170
Nct...def.3,469
vVA-i;
* EurulttgH diminished bir renson of a strike itt the company's tnluea.
JulyltoDec.31> Gross
, 5S'£?I
.,
^«.. def
.29,603 def.7,872
6 months.... 5 Net
i For week ending January 4.
32.,593

444

36,295
96,224
62,461
17,085
22.119
94,165
10,587
9.523
1,930

4,914
3.040
5.857
3.215
2,992

.

aJH^

THE CHRONICLE.

104
I

1888.

.

Jnly ltoDec.31

1

Net...
Gross.

152,136
29,511

191,347
66,039

6 months
J Net
Total Iowa Hues.. Gross.
.

1,804,822
1,033,642
323,541
1,913,627

974,346
219.654
1,837,700

to Dee.

$

9ft

Jtoaifo.

Dubnq'e -t Slonx C O rosx

31
1SF8.
9
1,742,398

^Jtily 1
18t9.

Dieetnhei

1880.

.

199,9170 160,215
2f.7,.")49
452,324
29,341
62.570
Not...
1,086,262 1,020.540
Gross.
JulyltoDec.31 1
211,782
293,938
« months
J Net..
13,660,21.5
.Gross. 1,576,461 1,330,071 16,052,375 4,114,t.J0
Total »y»tcm.
622,387 510,625 5,815,525
Net...
8,831,343 7,397,423
JulyltoDcc.31 » Gross.
3,390,785 2,483,472
..
s Net.
6 months
3,505,725 3,125.280
Mash. Chatt & St. L. Gross. 309,265 285,125 1,425,038 1,284,530
129,769 119,076
Net...
1,840,824 1,635. '2(i4
July! to Dec. 31, ) Gross.
682,3-.i7

—

—

JNet. ..
U months
8 Ant. AAran-Pass. Gross.

Net...
West.... Gross.
Net...
July ltoDec.31 ) Gross.
5 Net...
months
•West Vlriflnla Cent. .Gross.
Net. .
Tol. Peo.

*

&

171,393
73,531
78,808
17,008
68,059
21,426

758,644
97,124 1,438,085 1,001,231
334,.'501
576,224
30,104
890,019
9J 8,963
73,864
179,150
222,084
13,696
476,600
491,626
105,110
119,000
661,007
759,947
60,495
207,548
240,812
21,004

Earnings diminished by snow blockade.

which took effect June 1, 1883, and continued until
December 31, 1886, when under the orders of the Courts, pending the receivership, it was terminated.
During that period the property was operated by your company and its receivers at an aggregate loss amounting to $4,024,413 11, or an annual average loss of $1,123,093. As agamst
the
this annual loss, the whole amount of freights paid during
past year to the Central upon anthracite tonnage from our
There also is a large and increasfines was onlv $209,372 60.
ing merchand).se and passenger traffic tributary to yourhnes
originating and terminating on the waters of New York Bay.
Your Board desire to state that no change whatever has been
made by the present management in the basis of divisions of
earnings from interchange of traffic with the Central Railroad
Company, and that the divisions of rates now in force are the
same which were established prior to the lease, and which remained in operation during the lease, while your company
was in control of both systems.
„
,
,
The falling off in tonnage from the anthracite coal fields for
analcareful
the year amounts to nearly $3,000,000 tons, and a
ysis of all the available statistics shows that the Reading Cornpany has placed upon the market during the year nearly, if
not quite, its full proportion of this tonnage, and has only suffered from the falling off in this traffic a due proportion with
secured,

ANNUAL REPORTS.
FhiladelpUia

(For

the

& Reading.

year ending Nuvember

30, 1889.^

in adThe annual report of Mr. Corbin, President, is issuedwill
be
vance of tlie pamphlet containing fuU statistics, and
Chbonicle.
found printed at length on the 5th page of the
The comparative statement of earnings and mcome account
for
below shows that the actual surplus of the two companies
against $1,441,100 the
ate year over all charges was §238.838,
railprevious year. A statement of income account for the
the surroad only given in the President's report shows that
only ?ii8,<39S
plua of the railroad alone would have been
company, had
after paying all its guarantees for the coal
enough to pay a part of
earned
latter
the
not
are
those obligations. In the expenses of the coal company
included sinking funds (presumabh' the 10 cents per ton of
The interest charge of the
coal) to the amount of $354,084.
raihoad is onlv $4,085,138, against $4,516,433 in 1887-8, show-

exing the large (decrease of $431,294, which is not particularly
plained; but this was well foreshadowed in an article in the
Chronicle of November 2, 1889, on page 564, pointing out
that a reduction of charges might probably be shown amounting to between $400,000 and $500,000.
From Mr. Corbiu's report the following extracts are taken:
The proportion of operating expenses to traffic earnings was
157-4 per cent, an increase of 4-6 over that of the previous year.
During the year the management has maintained the policy
announced in the last Annual Report, of continuing such
judicious expenditures, in addition to such as were needed to
maintain the property in its former condition, as were
deemed requisite to bring both the railroad and equipment,
and the coal properties, to a proper standard for economical
operation. While the expenditures for improvements to roadbed, superstructure, buildings and equipment for this purpose

have been heavy, no more money was expended than was
absolutely necessary. As remarked in a former report, the
railroad had for many years, by reason of- its financial difficulties, been deprived of the expenditure of such sums as were
required to teep it in proper condition, and your Board of
Managers felt bound by their obligations to the public and in
the interest of all classes of security holders, to bring it up
substantially to the standard of its competing lines. Some
preference bondholders have contended that a portion of these
expenditures, as well as expenditures to put the property in
good condition, should be carried forward and distributed over a series of years, but regarding expenditures already made, ina>much as holders of these bonds
are entitled to interest payable from available net earnings of
each and every year, your Board of Managers is advised tliat
the losses of a year, whatever they may be, can no more be
carried forward than can the profits that each year must
hear its own burdens as well as receive its profits. Your Board
recognizes the obligation to the Income bondholders t(>
ticcount for new work by carrying the same to capital account,
but it would be most unwise, in their judgment, to borrow
money either to make good losses or to rehabilitate the property, where no more has been expended than what was suffi-

—

cient to bring the properties

[Vol. L.

up to the average condition of
While it is obvious from what

,

,

other corporations engaged in this business; but for the fact
that on account of the floods of the past summer we were enof our
tirely cut off dm-ing the month of June, when several
bridges were swept away, from all of our western connections
and markets, we should unquestionably have exceeded our
proportion, and it is proper to say that during the latter
months of the year we have in fact done so.
During the past year securities of leased lines of the par
value of $.502,257 17 have been acquired by purchase at a cost
of $488,083 17, which have been deposited with the Trustee,
under the terms of the general mortgage, and for which the
company has received $488,000 general mort.4 per cent bonds.
The outstanding securities of the company and certain of its
year as not
affiliated companies reported at the close of last
having been depsited amounting to $1,195,866 91, have now
been reduced to $966,599 57.
The inabihty of the Coal Company to earn the entire amount
low
of its fixed charges for the year must be attributed to the
in
price received for coal if the same price had prevailed
1889 as in the previous year, the earnings of the Company
would have been increased by over $900,000.
The expenses of mining coal, owing to the want of a market
proporfor the product of the collieries, were much greater in
have
tion than they would have been if the collieries could
been operated a greater number of days in the year. It is
well understood that the fixed charges which necessarily attend the operation of the collieries mu.st continue whether
the coUieries are being worked to their fuU capacity or not.
By reference to the report of the General Manager of the
Iron Company, it will be seen that the collieries were
Coal
compelled to suspend operations during thirty-five days of the
vear for want of a market for their product and on account of
the
the floods. As before remarked, with full working time
output would have been increased at least 1,000,000 tons.
In the construction of four new collieries and the rebuildmg
charged
of others, the sum of $577,865 91 was expended and
These expenditures are of such a characto capital account.
a condition to
that, when finished, the collieries will be
.

;

&

m

ter

increase the product at a lower cost.
and General
It will be seen from the reports of the President
Manager of the Coal Company, in which full details of the
operations are set forth, that during the past two years the
sum of $1,103,719 was credited to the sinking funds. Of this
amount $765,000 has been invested in divisional bonds. Divihave
sional and other mortgage bonds, amounting to $228,000,
been paid and canceled.
^.
^
^
The traffic, earnings, expenses,, charges, &c., for three years

were as below given
TONNAGE AND PASSENGERS.
:

1886-87.

1887-88.

10,112.448
Tons of coal carried on KR.... ?,028.769
8.713,3 5
Tons ofmerch'e carried on RR. 8,859.100
15,9.3,839
15,078,715
on
RR
carried
Passengers
EARNINGS ASD INCOME ACCOCNT.
PJiila.

di

Bead. Railrjad.

Riilrrad

1886-87.

$20,359,882
346.826

„,^8f,r-88$19,521,.'i47

402,334

9^21?

218,043
427,272
273,267
375,208

Total earnings RR. Co. $21,762,029
10,781,357
Operating expenses

$20,815,337
11,165,999

CanaU„.-.

Steam

colliers

Rlclimotid coal targes... ..
inc. irom stocks & bonds,.

^i-f'-ii

l?8S-89.
9,3 13.579

8.417.404
16,883,717
1888-89.

$19,018,614
156.334
436,577
328,433
*

5ii7.412

$20,537,375
12.396,706

$8,140,669
$9,649,338
Net earnings RB. Co... $10,981,572
yet lemains for the future in the
P. <t B. Coal d- Iron Co.—
$17,818,226
$18,823,652
$19,425,807
earnings
work of restoration, it U undoubtedly safe to say that these r.tal
17,966.076
18,795.000
17,977,325
ipiratlng expenses
extraordinary expenditures have become a rapidly diminishDf.
$147,850
$28,652
income,
$1,448,432
ing quantity, and will soon cease to be a burden upon
•Jet earnings
$8,140,669
$9,619,338
$10,981,572
and will leave the Ompany free to apply a larger and increas >Jet earnings RR. Co
•""" '""'
Df. 147,850
28,652
•
1,448,482
ing amount annually to the payment oif interest and dividends. -Tetearuings C. & 1. Co....
In addition to the repairs and renewals chargeable against In$7,992,819
$9,677,990
Total net both Co.'s.... $12,430,054
-come, the Company has expended $.565,919 13 in adding sub$2,842,319
will
be
provided
which
etc.,
equipment,
$2,882,582
betterments,
stantial
$3,300,383
ttSiteu'RR. Co
4,085,139
4.516,433
5,478,132
for out of the means placed in the hands of the Company for
'.Qterest BR. Co
826,523
834,872
/ 94,272
[nterest Co3 & Iron Co
such purposes, by the reofgahization scheme.
$7,753,981
$8,233,8S7
The necessity for obtaining an outlet on New York Harbor
$9,572,787
Total deductions
Bur. $238,838
for anthracite coal, thereby reaching markets not otherwise
B»lan;-e. both companle8.Sur.$2. 857,267 Sur.$l,444,103
attainable, has been recognized by every administration, and
* lucludes $181,197 from real estate.
to this end al ease of the Central Railroad of New Jersey was
first-class

American

railroads.

has been stated that

much

Jaxvxry

THE '^HRONlfLE.

ISiiO.J

The gross and net receipts of both companies for nine years
past have been as follows:
Net earningt of
Oros$ recelplK both
companies.
935,286,463

1881
1882
1883
1884
1885
1886
1887
1888
1889

both compttnUg.

f lO,o,'il.i'8H

105

Preeident; Charles B. Alexander, Second Vice-PresidoiU; W.
N. Cott, Secretary and Treasurer, and J. T. Boothroyd, Assistant Secretaiy. Tlie latter is to look after the fiuaucial affairs
in

New

York.

The report

would have been correspondinsjly greater but for the low rates
obtained on bituminous coal transportation and the largo

for 1889 submitted at the meeting shows a decrease in earnings of $384,431 as compared with the previous
year— mainly a decrease in revenue from freight, incident to
the unusually mild weather, and low rates of freiglit on coa
traflSc made early in the season.
These are being improve '
as fast as the contracts expire. There was a decrease of $166,d
038 in operating exi)ease8, notwithstanding the abnormalcharge of $12,856 to legal expense, on account of i>ending
litigation incurred in previous years.
With the exception of
the previous year these are the largest net earnings made by
the company since the year 1883. Tlio comjjany has no floating debt, all the expense for steel rails and large orders for
supplies and taxes for the year having been paid.
Earnings and expenses and the income account were as

amount

given below.

37,;!00,1H2
40,04,5,615
S7,O0(>,753

17.770
11.835.181
1().6

8,050, Sfi-l

7,926,301
7.335,003

S4.3l3..')Ol

;

35,683.09«
45,188,737
39.H38,W)0
38,355,601

12,4.30.05+
9,()77,»-8

7,992,820

Western Nen York & Pennsylvania Railroad.
fFor the year ending September 80, 1889.^
The report says: "The earnings have been considerably greater
during the

last

year than ever

before.

Tlie

earnings

net

of betterments charged to expenses. Coal constitutes
an important amount of the tonnage of the road, and enters
into the question of profits to an important degree. The company has, however, been able to pay every obligation promptly,
to greatly improve the road, and to materially increase its
facilities for earning power and larger net profits."
The many miles of tracks in tne extensive yards and
elsewhere in Buffalo have been almost entii'ely overhauled and renewed. In the city of Rochester large
to
grounds were purchased at a cost of
additions
suiiicient
and well-arranged
nearly
tracks
$100,000,
station and
laid throughout, and convenient passenger
train sheds have been provided, and iron freight house, with
suitable offices, has been erected; so that now this point is in
first-class condition for both passenger and freight business.
"Already important benefits are being realized as a result.
Within the year 35 locomotives have been thoroughly repaii-ed, part of tliem so far rebuilt as to be quite as good as
new. Besides ordinary repairs of cars, 1,254 have been rebuilt
from a useless and almost worthless condition, and made as
good as new. For the above purpose $470,803 has been expended, of which $467,235 has been charged to expenses and
$3,567 to betterments."
Eleven large freight engines were purchased and brought
into use during tlie year. Two large, best grade, switching
engines were also purchased and delivered. In addition to
the cars rebuilt, 1,000 new cars were purchased and came into
use during the year.
The unprecedented floods that occurred in the month of
June swept away bridges and embankments. The cost of
restoration, not estimating l-jss of earnings, was more than

EABNI.SGS

Road operated
Barnlngt from —

AND

EXrE.NSES.

18S«.

1887.

328
*

325

1889.

1889.

325
$
446,669

325
t

Mall, express, Jco..

393.058
J, 856,293
111,452

412,141
2.031.420
15i.022

Total grops
Oper. exp. & taxes.

2,361,403
1,395,234

2.50.'i,583

2,875,515

1.601,899

1,653,6<12

2,509,318
1,483,787

966,169

993,684

1,221,853

1,025,761

Passengers

FrWght

Not earnings

...

2,311,558
117,288

379,434
1,990,310
139,774

INCOME ACCOUNT.
1886.

ReceiptsVet earnings. . ...
Miscellaneous
Total receipts..
Diab^trsemenls—

&

int. on l)d3.
oar tr.
Int. on float'g deht..
Int. to Pa.HR.un I'se

1887.

1888.

966,169
11.841

$
993,684
44,485

1,221.853
28,579

1,025,751
10,000

978,010

1,038.169

1,250,432

1,035,751

946.925
42,832

979,557

984,020

18,629
24,048

23,7.'i8

976,220
34,340
24,658

22,.'i81

Tot. disborse'ts.

Balance

1,031,088
def. 53,078

s

24,086
3,118

18,750

Miscellaneous

1889.

$

1,022,234
1.034.982
15,935 sar.215,451

snr.

1,035,418
sur.

333

New York

Ontario & Western Railway.
CFor the year endiruj September 30, 1889.^
The report of Mr. Thomas P. Fowler, President, shows that
there was an increase of 8-258 per cent in the number of passengers carried, compared with the preceding fiscal year, and an
increase of receipts

from passengers of $48,(r.50. or 10'17 per cent.
shows a decrease during the same period of

$60,000.

The freight

" The net earnings of the road, with the addition of only
$307,495 out of the sum realized from assets turned over by
the reorganization committee, have beep sufficient to pay
any and all obligations, including those for new equipment
and betterments, incurred by the present management. In
drawing the line between charges to expenses and betterments
a more than conservative policy has iieen pursued. Tiie whole
cost of reconstruction of cars and locomotives has been
charged to expenses; whereas not less than §340,000 so exliended was in excess of average annual repairs on the same,
and might fairly have been charged to betterment account.
The difference of $34,000 in cost between hemlock ties replaced with white oak might also have been put in betterment account; it was all charged in expenses. The net surplus for the year was really quite $300,000 and for the twentytwo months of the present company $560,000."
Earnings and expenses, and the income account, were as
below given.
EAKKINGS AND EXPENSES.
Earnings from—
1888-9.
1837-8.
Passengers
$675,791
$628,833
Freight
2,319,335
2,592.202
Mall, express aEd miscellaneous
118,666
113,298

•992 per cent, but freight traffic earnings are increased $47,805,
or 4'36 percent. The working expenses increased $81 ,415 or 6'05
per cent and the percentage of working expenses to gross
receipts was 80 '04 per cent, against 79 -90 per cent for the year
ending September £Oih, 18S8. The result of operations, after
payment of fixed charges, is a revenue balance of $61,291,
which, added to the balance of the three previous years,
leaves a sum to the credit of revenue of $297,858, which has
been used in providing additions to the rolling stock and
irnprovements to the property.
The total amount charged to capital account, including the
discount on the consolidated 5 per cent bonds during the
last fiscal year, was $857,100.
The new connections obtained
this year include the Port Jervis Monticello
New York RR.,
extended to a connection with the main line at Summitville,
and a satisfactory agreement has been entered into with that
company for the interchange of traffic. The Poughkeepsie
Bridge is also now reached by direct rail connection from
Campbell Hall. Three miles east of Campbell HaU, at Burnside Station, connections are also made with the Orange
County RR., which is a recent extension of the Lehigh

Total earnings
Etpensen for—
Traueportatton

$3,061,566

$3,385,659

$711,824

$808,908

630,.528

723,a0.1

213,701
57."^,' 32
73,847

372, "41
731,055
62,630

$2,205,432
$856,134

$2,699,337
$687,322

Motive power
Maiuteuauce of cars
Maintenance of way
General
Total

Net earnings.

ISCOME ACCOiniT 1888-89.
Net eaniinss

From

ichich

$687,322

deduct—

Rentals

.1165.001

Taxes

86,8 1

Insurance

4,063
23,364
1,3H9

Interest on real estate mortgages
Interest, discount and (oiunilsMon
Interest due and accrued on let mortgage bonds...

Surplos for year

480,730— 661,K48
$25,974

Colauibns Hocking Valley & Toledo Railway.
fFor the year ending December 31, 1889.^
At the annual meeting held this week the following directors were electe<l for one year: Charles Foster, of Ohio; P.
W. Huntington, of Ohio, and James Kilbourne, of Ohio; two
years, Charles B. Alexander, of New York; George W. McCook, of Oliio, and C. C. Waite, of Ohio; three years, Samuel
D. Davis, New York; Thomas F. Ryan, New York, and C. B.
Van Nostrand, New York. The board organized by the
election of C. 0. Waite, President; Samuel D. Davis, First Vice-

traffic

&

&

Hudson River RR. from Greycourt, N. Y.
Of the authorized issue of consolidated

5 per cent bonds,
there have been sold $3,500,000, the proceeds being devoted to
securing an extension from Hancock to the anthracite coal
fields of Pennsylvania
to the purchase of additional equipment, and the construction of the Zig Zag tunnel.
The
remaining $2,100,000 may be used from time to time, as
required for tlie purpose of additions and improvements to the
road and equipment of the New York Ontario
Western
Railway Company. The Zig Zag tunnel, when completed,
will avoid the crossing of the summit, seven miles north of
Walton, over a maximum grade of one hundred and four feet
to the rnile. Two miles in distance will also be saved, and the
dividing of trains into sections will be avoide<l, and it is estimated that a saving of $18,000 a year in operating expenses
will result.
;

&

The Ontario Carbondale

& Scranton Railway is

an extension

of this company's line into the anthracite coal fields of Pennsylvania, a distance of 54-37 miles. The full paid capital stock
and bonds of the consolidated company have been deposited
with the trustee under the consolidated mortgage of the N.Y.
O.
W. Company as additional security for the holders of
bonds of that issue.
Before the work was undertaken, contracts were made -with
producers guaranteeing to the company a minimum tonnage
of 750,000 tons for the first year and 950,000 tons per annum
thereafter.
It is also stated that other arrangements are being
perfected whicli justify the belief that this tonnage will be
very largely increasetl within a short time after the completion of the road.

&

THE

106

CflRONl(;LE.

A

:

939,7d4
73,897

4o

907,2-17

1,096,730

1,1-J4..536

97,156

10»,<184

103,459

whom

the principal and interest of the bonds are' guaranThis investment promises to give very sati-sfaictory reDuring the past year this company paid for freigiit to
and from its line to Ciiarlotte, and dock charges at Charlotte,
§56,414, which is estimated to be considerably more than the
annual interest on the cost and the operating expenses of flie
Lincoln Park & Charlotte Railroad and dock property, and it
is safe to count on a gradual increase of this business.
The car trust bonds have been reduced to $463,000, by the
payment of |163,000 which fell due during the year. In part
payment for the Buffalo property, bonds secured by mortgage
were either assumed or issued to the amount of $283,500, bearing interest at 5 per cent. There were issued during the year
$530,000 of the general mortgage 5 per cent bonds. The net
result is an increase of $647,500 in the bonded debt of the company, excluding proprietary companies.
The operations and iiscal results for the past four years
were as follows
OPERATIONS AND FISCAL BBSULTS.

In addition to the coal secured under contracts with individual operators, the New York & Ontario Land Company has
been formed for the purpose of acquiring anthracite coal lands
in the Lackawanna Valley, contiguous to the Scranton extension, and several tracts, aggregating about eight himdred and
" These lands are estififty-five acres, have been purchased.
mated to contain at least seven million tons of coal of good
quality, the transportation of which will be secured to your
company by contract, without guarantees or financial obligaIn order to secure the tonnage, your comtions on its part.
pany has made a temporary loan to the purchasers, which has
been secured by mortgage on all the property purchased; the
entire amount, with interest, to be repaid within a fixed
period, and Ijefore tlie funds will be requu-ed for the purposes
responsible syndicate has already oeen
of the company.
formed to purchase the shares and bonds to be issued by the
land company, and the repayment of the amount of your
company's advances, with interest at six per cent, is assured
at an early day."
Tlie earnings and income account compiled for the CHRONICLE for four years is as follows
EARN NOS AND INCOME ACCOUNT.
ISS^-fS.
1R8S-89.
1885-8e.
1896 87.
t:at~ning» from.'.29,332
!}1I59,1!20
$476,160 $180,482
Paseeiii'ere
Freight
Mall, express,

by

ffOL, L.

teed.

sults.

18-61-7.
1885-86.
lS>!8-89.
1887-d3.
2S6.74fl
310,779
423,773
507,706
7,498,148
6,363,436
9,69tf,964 12,115,269
2-77
2-35
m.
2'B2
cents.
oenls.
cents.
2
41
c.nts.
p
F'ght (tous) carried
],!15 4,540
1,326,084
1.770,21»
1 ,7().5,447
F'K't,t's)car.onem. 149,719,543 241,363,204 243,168.465 2? 1.239,177
Av. I ate ^ ton y m.
72 cents. 0'67 cents. 0-65 centj. 0-64 cents.

Fassenprers carried

m

Pas's car. one
Av rate p pa? s

Surnings -

Paaaengers
Fr, ight

$190,382

$175,977

$227,941

$297,486

1,42<,218

1,509.444

Mall and mhceil'u's.

1,585,^83
187,333

1,673,807

1,234,9:5

1,080,333
28,647

1,005,578

Opcrat.oxp. and taxes.. 1,270,852

^221,999
38,903

$215,609
10,958

$255,4:8

$272,883

Total earnings .
Oper. exp. & taxes.

$1,299,362
1,002,656

$1,916,361
1,399,386

$260,507

$256,567

$255,478

$272,883

Net Mmlngs.

$296,706

$'>1R,975

$39,175
38,5^4
69,261

$180,000

$185,784

$192,000

15,7 74

16,225
2,134
1,233

Total earnings

ilil.492,851

Netearnlnfts
Protlt cu leafed lines, &0.

Total incoae.

f 1,4'0..564 $1,6^3,696 $1,782,327

34,3'^8

J2,001,15S $2,005,621
1.430,'95
1,553,485
$447, ^Tl

$574,826

1887-08

30,934

1888-89
$574,826
15,969

$591,734

$478,605

$; 90,795

$353,910

$400,350
14,818
74,431

$137,452
4,992
74,099

INCOME ACCOUNT.

Deauet—
Intenst on bofds
Interest and dUoounts..
Reutals
Ix>88

134. h06

3,751
"

on leased lines
$147,020
$113,487

Total deductions
Balan e, surplus

$183,751
.'ii72,816

OBNBBAL BALASCE SHEET,

'3,658

.fm,592

$.05,216
$50,262

$61,':91

SEPT, 30, 1889.

Receipt*—

Net earnings..
Other income.
Total receipts

.

.

1885-86
$296,706
93,650

1886-87
$516,975
77,759

$447,6711

$390,356
$352,106
928
55,200

Deduct—
on bonds.
lut on floating debt.
rutere.st

.

Rentals

5,910
62,595

Asitti.

$62,810,056
Kranohifcs and property
'""
'.,500
Investment^ lu otber companies
83,426
Cash at Uankeri
124,421
Stores, fuel, Ac on hand
126,424
Sundry outstaudlnc accounts due to the company
19,975
Outstanding tnilHc accouots due to the company
Balance of (Inferred payment of $140,00 1 dao from the N.
R RR CVi..undi'ragreement.IjuHary 18, 1888,
Y. C.
40,000
tnstttlcment of West Sliorj account
202,820
Loans secured bv luortgages
Balance of r iceeds of $3 500,000 consolidated first mort1,893,979
gasc bonds in lands of Messrs. Kuhn. Loei) <fe Co
Dae from other ojmpauies for advances on construction
7?4,349
account
3,032
BiUsrecelvai le
7,500
flteam shovels
.

$422,415
$516,543
Total dlsbor'm's.
$408,234
$189,599
Balance
def.$17,878 8ur.$172,319 dcf.$10,994 so?. '$74,252
* From this amount $63,487 was spent for extraordinary exjenaes and
improvements, leaving balance $10,765.

*H

.

GENERAL INVESTMENT NEWS.
—

Brooklyn City. Mayor Chapin in
gave the following account of the debt:

$53,113,982
7,000

<;omiDon 8tO(*
Preferred stoclr

per cent bondi

First morti'aje

€onROlilated

llrft

3,443, Oi'O

mortgages percent bonds

Bevenue lialanoo.
Coupons due not presented

3,500,000
297,858

-

for

payment, and coupon

and taxes accrued but not due, &*
Sutidry outstanding accounts due by tb ^ company
Outstanding tmftic accoun's due by the company
Wages for n.outh of Septtmber
,.-,
ProUt and loss

112,901
137,6(8
75,106
8S,962
321,033
$66,097,487

t

k

Pittsburg Railway.

(For the year ending Septembei- 30, 1889.^
report of Mr. Adrian Iselin, Jr., President, states
annual
The
were lessened by three
that the gross earnings of the year
May
the floods
causes, namely, the inadequate car supply,

m

Rochester & Pittsthe first
burg Coal & Iron Company, which stopped shipments
,
two weeks in the month of September.
^,
^
,
the year
For construction there have been expended durmg
and cost of lands
the following amounts: For new construction
of
the Linconstruction
arid docks, $665,879; advanced for
coln Park & Charlotte Railroad, $131,390; total, $797,270,
In this is included $561,547 cost or land and dock property in
the cities of Buffalo and Rochester, deemed necessary for terminal facilities.
,
..L,.»<ooni
r
Equipment account has been charged with $19,691, cast of
during the year;
added
cars
caboose
two
six passenger cars and
and credited with $34,081, included in operating expenses, for
equipment wrecked, sold and destroyed, making a net reduc-

and June, and the

strike at the

mmes of the

.

1.

tion of $4,390.

^. ^
„
,
The Lincoln Park & Charlotte Railroad was organized to furN. Y.
outlet
Charlotte,
to
independent
an
nish this company
and Lake Ontario. The length of the line, from a connection
with the Buffalo Rochester & Pittsburg Railway near Lincoln
Park Station to a connection with the Rome Watertown &
,

.,

'Ogdensburg Railroad near Charlotte, is 8-98 miles, with a
bnmch to the docks on the Genesee River of 1'91 miles, in all

train passed over the main line on
amount expended up to September 30,
1888, was $481,890, which includes cost of dock property on
Genesee River, $41,656. To meet the cost of the road, $100,000
of stock was issued and taken by this company at par, and
10'89 mile;.

Augu

t

18.

The
The

Tax ceititicates

$25,800,703
11,682,500
419,000
2,500,000

Total
Less sinking fund

$40,402,203
8,828,782

Permsnentdebt
Waterdobt
Temporary debt

Dec. 31. 1839.
.$28,867,703

12,282,500
353,000
3,000,000

$44,503,203
9,863,661

The

Increase.

$3,067,000
600,000
Dec. ee.OOO
500,000

^,101,000
1,034,379

inter-

est

Buffalo Rochester

annuali message

The city's financial condition is favorable and liopeKil.
debt of the city upon Dec. 31, 1889, was:
Dee. 31,1888.

$66,097 487
LiahUitief.

his

first

total

$350,000 of 5 per cent fifty-year first mortgage gold bonds were
authorized, ol which, up to September 30, $320,000 had been
sold at par. The road is leased for 99 years to your company,

$;i,066,120
$34,639,541
The assessed valuation of the city's real and personal property is $428,483,681.
The increase of $3,067,000 in the permanent debt fe caused
by the following issues of new debt: $1,300,000 local improvement bonds, the proceeds of which are for repaving,; $400,000
school bonds, issued under the laws of 1888, the proceeds of
which are to be devoted to the purchase of sites for school
houses, $226,936 of their proceeds have thus far been used,
the balance being in the treasury; $400,000 school bonds,
issued under the laws of 1S89, the proceeds of which are to be
used in the construction of school houses, $178,596 of said
proceeds being still in the ti-easury; $200,000 public site purchase and construction bonds, whose proceeds, aa-e to be used
for the purchase of sites and the construction of police station
houses and other public buildings, excepting, school houses,
$137,475 of said proceeds being still in the treasury; $265,000
municipal site bonds, whose proceeds were used to purchase
lands on Joralemon Street; $500,00 ipark improvement or park
site bonds, whose proceeds have been partly used to purchase
Winthrop Park and partly to make permanwit improvements
in Prospect Park, $285,178 of their proceeds still remain ia
the treasury; $50,000 Fourth Precinct Station House bonds^
whose proceeds are devoted to the purpose indicated by th»
of the bonds issued during the year
titJe of the issue.
bore interest at 3 per cent. The sinking fund purchased
$1,892,000 of the issues of the year, and the bonds sold to tha
general public realized premiums amounting to $165,015.
$255,265,945 OO
In Januaiy, 1882, the city's valuation was
..
The net debt was
ooaUfi^ofiOft
In January, 18«4, the valuation was
^lln?o'?5?«?
Tne net; debt was
ooT.'^ q,Io nn
In January, li86, the valuation was
^S9'^X^-J^S^
TUenetiichtwas
oo ^'tlT «t^ nn
InJanuary. 1888, the valuation was
^oo'^Ji'^nSSi
32,oi4,ao.a .i«
The net debt was
Denver & Rio Grande. The directors have declared a
dividend of H^ per cent on the preferred stock, payable out
the
of the earnings of 1889. They have issued a circular to
stockholders, explaining various points as to the use of money;

$31,573,421

Net city debt

AH

—

needed betterments, standard-gauging, ftc., and this wUL
on another pa^e in the advertiatng columns of th«
Chbonicle,
tor

be found

January

THE CHRONICLE

18, 18»)0.J

Interstate Ballwty Association.—The tneetiag of

presi-

dents was Iield in New York on tlie 14th, but it was short,
report was read by Aldace
lasting only about tlireo hours.
F. Walker, Chairman of the E.'cecutive Bjard, upon the work
of the association and the e.^iiting situation, anl after it had
been discussed tlio following resolutions, presented by Mr'
Miller, were unanimously adopteJ:
Wkereaii, The CUairinan Iia-i made certain reconmqndatlon^ ns to

A

olisngea la tlio form of orgaiiizatlou ueceasary to produce iiioro eatlafaotory results and seinire more gunoral co operatlm i heref .iro,
Ren dveil, Thiit, a couiniittee bn appiinted eonvlstiuK of thfi Clialnnan
of the Interstate, tUn VVcstBiii ('reigUr,, (botli divisioua,) a'ld the T. ansMiaaouri Assoelatloaa to revise the (ire-cut methiHU aud organizatlo >,
and to prepare a n p irt to a geueril modttng, such report t j embrace a
revised plan of orsruiilziitlon.
liemlftecl. That when sunh report Is completed, tho committee be roto cull a general meotlui.' of the Pri'sideuts, Vicc-l'iesldents aud
anested
eneral VfanagiTs of tho lines, members ut the associations uauiol, to
ooncidor and act on such report.
;

The committee will therefore be composed of Mepsrs.
Walker, Faithorn and Midgcloy.
Tlie Executive Board as at present constituted was continued until the next quarterly meeting, the Chairman to act
as sole arbitrator meanwhile.
In regard to the Union Pacific and Chicago & Northwestem traffic agreement, a report from Chairman Walker was
read that the contract was in violation of the agreement in
the manner in which it deals with the subject" of the division
of rates, as well as in its effect upon the distriljution of competitive business. The meeting then adjourned sine die.

Mackey System of Roads. —The

results of the working of
system for six months ending Dec. 31, the months of November and December being partly estimated, were as follows:

this

Louisville

FvaAmilled
Gross

Op

Net
Surplus
Fall interest

Lo<ti8. tttffianapolif.
l)ilgO,»vil
$590,457

tC S*.

Peoria
Dieaturti
Eoansv.

*39«,7«7
207,5»1

217,9J2

33o,6(>l

8 ',S32

$306,114
131,5e8

$3.58.7!) t!

802,039

183,228

80,81*0

$187,176
194,070

»174,516

$71.5G8

$11,199

def.$6 894

rating exp.nsee..

Charsos

KoinMritlet£

EBfiHsvittc

Terre Haute.
$524,01(i

on E. & I. and L. E. & St. L. bonds has been
deducted, though some of the bonds are yet in the treasury of
the company.

.

Hissonri Kniisas & Texiis.— A syndicate having been organized to guarantee the raising of the 118,000,000 required
by the Ollcott plan, as announced last week, it is probable
that the holders of fives and sixes will have much more confidence in coming in and depositing their securities. It was
obvious that a syndicate was necessary, and until it was announced many bondholders hesitated to deposit. Notice is
given that the time for the deposit of securities with the Central Trust Company is extended to Monday, Feb. 3. 1890, inclusive. After that, securities will only be received " ex
rights" for such limited time and upon payment of such penalty as the committee may prescribe. This extension is made
Eartly for the reason that the representative of the foreign
olders will soon be here, and if an agreement is arrived at, as
now seems most probable, there should be time enough given
for the deposit of the foreign bonds. Upon the whole, K. T.
matters look promising for an early settlement.
A Chicago dispatch says the receivers have filed their report at Topeka for the six months ending Sept. 30. The report shows that the total earnings of the entire system for
that period were |3.895,809 total expenses, $3,114,611 ; net
earnings, $781,198. The net earnings of the second quarter
show an increase over the first of about $60,000.

—

;

—

Mobile & Ohio. The following is an exhibit
months ending December 81, 1889, compared with
Mileage
Gross revenue
Operating expenses
Taxes aud insurance

1889.

1888.

645

645
$1,403,424
904,283
39,4i6

$1,.578.09G

063,903
49,200

Total oper. exp., tax. & liisur. $1,013,102
Surplus
504,993
Fixed charges. Interest, Ac
361,098
Betterments and improveiuents
99,676

Surplus over

1888.
Jnerease.

$172,fi71

59.619
9,773

$943,709
461,714

$69,393
103,278
356,:<60
4,737
119,955 dec. 20,279

$104,218

all

for the six

$14,601

0;cratlnpr expenses, percent..
61-08
Op. exp., lud. tax. & ins., per ot.
64-20
Total expenditures, per cout...
70-51
Tonnage, mile— tons
111,000,000

$118,&19

64-34
dec. 3-26
67 14
dec. 2-94
75-67
dec. 5-16
97,000,000 14,000,000

107

175; operating ex.),' lios, 11,944,331;

net earnings, $1,539,8M;

fixed charges, $703,176; surplus, $836,648; redeemed bonda,
$.">5,000; net surplus, i^781,648;
7 ijer cent dividend on preferred and common stock, $490,000; balance, $291,648.

Penn.srlranla— Pittsbargr Cincinnati * St; Lonln.—
consolidation of thePennsylvaii) Southwestern system of railroads is said to bo under consideration, by wi)ich one large
company would be formed, with a stock of $7-5,000,000. But
any plan yet suggested is subject to changes.

& Reading;.—On the 13th the Court
Pleas in Philadelphia declined to grant
an injunction against the voting trastees to prevent
them from voting the stock held in trust. Three of the trustees, Messrs. J. Lowber Welsh, J. Pierpont Morgan and Austin Corbin, voted tlie trust stock, and elected the following:
President, Austin Corbin; Managers, A. J. Antelo, Thomas
Cochran, George DeB. Keim, George F. Baer, .Samuel R. Shipley and Stephen A. Caldwell; Secretary, Wra. R. Taylor;
Treasurer, W. A. Church. On the 15th the Board of Managers
met and formally resolved that no interest should be paid on
the incomes for the past year.
Mr. Corbin's report will be found on the 4th and 5th pages
of the Cheonicle.
Philadelphia

Common

of

—

St. Louis Arlianoas & Texas.
The reorganization plan may
be found in the advertising columns of the Chronicle to-day.
An outline of it was given last week, and complete printed
copies can now be obtained.

Sale or Pledge of Bonds.— A decision of some importance
was recently given by the New York Court of Appeals
involving the question of whether a certain delivery of bonds
amounted to a pledge or a virtual sale of the securities. The
case was interesting in two particulars, first, because it concerned the transactions of so prominent a person as the late
General Burnside, and, secondly, because the honorable and
generous course pursued by the President of the Farmers*
Loan & Trust Company was made the ground for endeavoring
to get a legal and technical construction of the case against
the company. The facts were, briefly, that General Burnside
obtained a loan from the Trust Company and deposited fifteen
bonds as security when the loan came due he went to the
Company and stated that he could not pay it, saying to Mr.
Rolston, the President, that they would have to take the
bonds for the money they had advanced. To this Mr. Rolston
assented, and thereafter General Burnside was never treated
as owner. The court hold unanimously. Judge Finch delivering
the opinion, that the transaction constituted a sale and not a
pledge of the bonds. Some time afterward, and after General
Burnside's death, the bonds turned out much better than
expected, netting a surplus over the debt and interest of more
than $5,000, which sum the Trust Company generously
remitted to the administrator of General Burnside's estate.
This action on their part was taken advantage of to base upon
it a claim that the bonds were only pledged, and a suit was
brought against the company to recover the whole price of
the bonds.
Judge Finch remarks on this rather pithily we may admit as
a general rule that corporations have no souls,' but if in some
exceptional instances we discern the shado^ outline of one,
at least we may suffer it to live. • * * Whether Mr. Rolston regarded the profits as fiowing from surrendered collateral
or a dii-ect sale of the bonds is totally immaterial. In either
event it belonged to the company in either event its restoration was an honorable duty which the defendant recognized
and performed."
Messrs. Turner, McClure & Rolston were counsel for the
Trust company, and the opinion will be found at length on a
subsequent page.
;

'

'

'

;

San Antonio & Aransas Pass.—The following is a comparastatement for the full year, December in 1889 being estimated
tive

:

1887.

Average mileage operated
Gross caniings
Operating expenses

Net earnings
Fixed interest charges

Net surplus

leSO.

188^.

36.-I
237
$589,333 $1,001,230
66(5,728
358,672

4:^5

$1,438,085
8tJl,861

$210,661
152,910

$334,501
243,360

$376, -223
301.500-

$57,751

$91,141

$371,723

The operating expenses in 1889 were 59-93 per cent, against
66J^ per cent in 1888. The net earnings per mile are $1,355,
and obligatory interest charges $720 per mile.

Nashville Chattanooga & St. Lonis Railway.— The gross
Union Pacific— Central Pacific—These two important
and net earnings and charges for December, and for the six
companies have come to an agreement on certain points th^t
months of the fiscal year, were as follows
were in dispute, and have made a contract as to through
Dieember.
July 1 to Dee. 31.
freights. The dispatch from San Francisco says The Central
18M8.
1889.
3 888.
1889.
Pacific made a proposition to the Union Pacific that if the
Groaa earnings
$2fc,'),125 $3ii9,2«4 $1,63t.264 $1,8*0.824
Opcratiug expenses
165,448
179,495
152,937
1,082,179 Union Pacific would discontinue the taking of any overland
freight by steamer to Portland, the Central Pacific would sign
Net earnings
$119,676 $129,769 $082,326
$758,6 J 4 a contract to run a through freight from San Francisco to
Interest aud taxes
..... $71,935
$72,270 $436,507
$4-J4.545 Ogden, connecting with the Union Ptxific.
Both systems
Impruvemeuts
3,845
6,736
33,221
46,063
came to terms, and thus the Central Pacific resumes its mo$79,IM)6
$75,780
$169,729
$480,609 nopoly of the overland freight business, and leaves the traflttc
Surplus
$43,893
$50,762 $212, .i97
$278,034 of Nevada and adjacent States and Territories to the Umon
Milwinltee Lake Shore * Vfestern.- The directors of M. L. Pacific.
S. & W. have declared 3}^ per cent on the preferred and 7 per
Wisconsin Central.—The present working agreement Ijfrcent on the common stocK, payable Feb. 15. The statement of tween this company and the Northern Pacific will be changed
earning.^ and expanses (DacemDer estimated) for the year end- to a lease, with
a rental to W. C, based on a percentage of
ing December 31, 1889, is as follows: Gross revenue $3,484,- groes earnings, which is understood to be 35 per cent.
:

.

,

.

—

:

THE CHRONICLE.

108

rvot. L.

exhibited was quite naturally continued to the end. Two
other circumstances are adverted to. It is said that the accounts of the defendant company ran on as before, and showed
no cancellation of the loan. That is true, but an explanation
of the custom and habit of the company in the keeping of its
books furnishes an answer. The ultimate result of each sepGENERAL BURNSIDE'S LOANS.
arate loan was sought to be shown by the accounts, and so its
COURT OP APPEALS.
treatment as a loan was continued until the final result was
Co.,
Tbust
reached.
The manner of keeping such an account, notwithA.UOUSTUS C. BROnrM, appellant, againat Farmers' Loan &
respoDdeut.
standing the surrender of collateral, was shown to be customThis action was brought by plaintiff as ancillary adminis- ary and usual, and while the bonds were not strictly collateral,
trator of the estate of Mary R. Bumside, wife of Gen. Am- they had been supposed to be, and invited no change in the
brose E. Burnside, to recover from defendant the value of fif- customary accounts.
Another circumstance is claimed to be inconsistent with the
teen 11,000 ''Simon B. Buckner bonds," representing a mortcertain real estate in Chicago, on which Gen. Burnside story of a sale and to throw doubt upon its truth. The puron
fage
ad borrowed $15,000. It was claimed by plaintiff that in fact chase of the bonds proved to end in a profit instead of a loss.
the bonds were not the General's to hjrpothecate, he having Good management exercised on behalf of the bondholders
only a life interest in them by the terms of his wife's will. resulted in the ultimate payment of the whole of the mortThe action was tried in July, 1887, before Judge Donohue, gage debt and gave to the defendant company over and above
the principal and interest of their investment a surplus of a
who gave judgment for defendant.
Stephen A. Walker for appellant; David McClure for res- little over five thousand dollars. General Bumside was dead.
The defendant remitted that surplus to the administrator of
pondent.
The argument in behalf of the appellant is his estate. It is now said that the account was kept and
FiNCil, J.
extremely difficult to answer if we suffer ourselves to be tied settled on the theory of a pledge and so tends to contradict the
down by the form of the transaction and shut our eyes to its proof of a sale. Mr. Rolston says that this remittance was a
substance. But if we have courage to cut through the tech- gift, and we are' asked if we soberly believe in the existence
nical outside shell, we shall find within nothing which the law of a moneyed institution surrendering a profit which it could
condemns or which drives us to the commission of a regretted legally hold.
well, we may admit as a general rule that " corporations
injustice.
Let almost everything urged on behalf of the appellant be have no souls," but if in some exceptional instances we disadmitted for the sake of the argument, though without so cern the shadowy outline of one, at least we may suffer it to
deciding. Let us concede that the will of Mrs. Bumside gave live. While Mr. Rolston calls this remittance a gift, it was
to her husband only a life estate with a power of sale and something more than that, and had anether element about it.
liberty to appropriate the proceeds to his own use that the I beUeve that a sense of business honor has not utterly disapconstruction of the will is ti) be governed by the law of Rhode peared from among business men. More of it remaius and
Island, and so is not affected by our statute relating to among larger numbers than in our sometimes Kasty judgments
Powers that, therefore. General Bumside had no right under is" commonly supposed. There are men whose sense of right
the will to pledge the bonds that those in question were the is not fenced in by the boundaries of the law, and who feel
individual bonds of General Buckner and not negotiable paper impelled to do a just tiling which no compulsion could force.
within the meaning of the law-merchant that the defendant I have mentioned the evident respect and confidence which
knew them to liave formed part of Mrs. Buinside's estate and characterized the relations between General Bumside and
was fully cognizant of the terms of the will admit all this, Mr. Rolston. The bonds were sold by the former when in
and yet I think the plaintiff must fail, as in the interest of some pecuniary distress. They were taken by the latter as the
sole possible payment by the debtor, and with evident doubt
justice it ought to fail.
For, consider what actually happened. General Bumside as to the ultimate result. When instead of a loss they proborrowed fifteen thousand dollars of the defendant coi-pora- duced a profit a natural and honorable impulse would tend to
tion.
It supposed its loan was secured bj the pledge of the produce the precise action which occurred.
Whether Mr.
Buckner bonds. But that pledge was not made, because it Rolston regarded the profits as flowing from suiTendered colcould not be made, and the inevitable legal result was that lateral or a direct sale of the bonds is totally immaterial. In
they had loaned their money without security, and solely either event it belonged to the company; in either event its
upon the personal responsibility of the borrower. The bonds restoration was an honorable duty which the defendant recogwere in the possession of the trust company, and had been nized and performed.
ought not, out of this just action,
registered as payable to bearer, but remained the property of to frame an inference which should falsify the sworn statethe life tenant, and subject to the provisions of the will. The ment of a sale of the bonds.
loan became due; the debtor could not pay; and some way out
It is insisted, however, that the sale cannot stand, because
of the emergency was necessarily to be adopted. General the contract was void under the Statute of Frauds. But that
Bumside, under the will, was at liberty to sell the bonds and statute affects only executory and not executed contracts
appropriate the proceeds to his own use. That, the Rhode (Dodge V. Crandall," 30 N. Y., 304). It is the rule of evidence
Island Court without hesitation concedes. He was at liberty where one party or the other is seeking performance or damto put them upon the market, to sell them for such price as he ages for non-performance. It has no office to perform when
could obtain, and use the proceeds so far as they would go in the contract has been executed on both sides, has been fully
the payment of his loan. But imdoubtedly the bonds were carried out by the parties, and requires uo aid from the law.
not salable, except at a very great sacrifice. They were the Tliat is the situation here.
Long before this action
obligations of an individual, secured by a mortgage on land, was commenced Bumside
had teen discharged from
and were estimated by the President of the defendant com- his debt, the bonds had passed into the possession
pany to be worth only half of their face value. What hap- and ownership of defendant under the jjarol agreepened was that the debtor, having lawful right to sell, did sell ment their interest had been collected and appropriated by
to his creditor; and bemg at liberty to use the proceeds for his the owner in part before the death of Burnside the bonds
own benefit, did therewith extinguish his debt.
had been wholly paid and the debtor's representatives had
The fact is swom to distinctly and decisively by Mr. Rolston, accepted the surplus. The whole contract, in every detail,
who transacted the business. He testifies: "The General and on both sides, had been fully executed and all its jjurposes
-came to my office, into the office of the Farmers' Loan & accomplished. To such a case the statute had no application.
Trust Company, and stated that it was imix)ssible for him to
Without, therefore, passing upon the questions raised upon
pay that loan, and that we would have to take the bonds for the consti-uction of Mrs. Bumside's will, we are of the opinion
the money we had advanced him; I cannot give you the ex- that the judgment was right, and should be affirmed, with
act words I said to that; I accepted his proposition; I know I costs.
.said 'very well, General.' "
The witness adds later that it
All concur.
was his intention to release him from any personal obligation.
Decided November 26, 1889.
No note had been given for the debt, so that there was nothing for the defendant to surrender except tlie unsecured debt.
That was discharged. No demand or claim for principal or
•Fort Madison & Nortliwestern. The Fort Madison & Northinterest was afterwards made by the vendee, and no offer of
payment or intimation of existing liability proceeded from the western R. R. was sold for the second time in chancery at Fort
debtor. The transaction between them ended then and there. Madison, Iowa, to C. A. Gilchrist, the present receiver, for
The tmth of this statement there is no jiist season to doubt. $27,900. The first sale on October 29, 1889, was set aside by
The probabilities are strongly in its favor. General Burnside Judge Love, because the bid was too low.
could make no better or more advantageous disposition of his
Perry County (111.) At Springfield, 111., Judge Gresham
bonds than to cancel his debt by a sftle to the creditor. The
has handed down his decision in the case of the Citizens' Savlatter stood in an awkwaid position and plainly could do
no ing & Loan Association of Cleveland, Ohio, against the county
better.
General Bumside was poor and the creditor knew it,
of Perry. The decision is in favor of Perry County. The
/or Mr. Rolston says that outside of the bonds there was no
of $100,000 of bonds issued in aid
means of recovering the debt, and that was in his mind when suit involved the validity Railroad,
and a like sum in aid of
of the Chester & Tamaroa
Jie accepted the bonds in discharge of it.
That was all that the Belleville & Southern Railroad. The county claimed that
he Bupfwsed he could get, and that he did get.
were invalid, and refused to pay them on the ground
Comment is made upon the absence of any written memo- the bonds were
issued without proper authority.
randum. Beyond the legal question thus raised, the circum- that they
stances breed no reasonable doubt as to the facts. Plainly
suit brought by the Natural Gas
Toledo City Bonds.
there was great respect on both sides, and corresponding confi- Company to prevent the city from issuing §750,000 worth of
dence. Rolston loaned the fifteen thousand dollars without bonds in order to pipe its own gas has been decided in favor
even taking a note. The chains and fetters with which capi- of the city. The proceedings of the city were declared lawful
tal binds its debtors were notably absent. The confidence thus and constitutional in all particulars.
JJ

%tpovts

VLU&

documents.

SALE OR PLEDGE OF BONDS.

—

;

;

;

;

;

We

;

;

—

—

—A

January

THE CHRO^ICU<:

18, 1880.J

JIxe

COTTON.

Commercial ^imcs,

Friday. P. M., January 17. 1890,
as indicated bv our telegrams
from the South to-night, is given below. For t"he week ending
this evening the total receipts have reached 158,868 bales,

The Movement of the Crop,

COMMERCIAL EPITOME.
Friday Night, January

against 139,826 bales last week and 218,640 bales the previous
week, making the total recei|)t« since the 1st of Sept., 1889,
4,656,268 bales, against 4,141,192 bales for the same period of
1888-9, showing an increase since Sept. 1, 1889, of 515,076 bftles.

17, 1890.

Unseasonably mild weather has continued to operate against
and the volume of transactions has accordingly been
moderate. Winter wheat is unprotected by snow and a fall
in the temperature within forty-eight hours, attended by
rains, has suggested the possibility of injury thereto, though

trade,

—

Qalveaton
El Paso, Ac...

Waah'gtou, ibc
Norfolk

Lard has been moderately active, with the net changes in
prices for the week very slight, cash, however, being higher.
To-day 200 tierces of prime Western sold at 6 -223^0, and 150
The speculation to-day was small and
tierces of city at 5-75c.
the market for options closed week.
DAILY CLOSDIO PRI0K8 OF LAKD FUTUKEB.
February dpliverv

May

c.
o.
o.
o.

rtellvery

delivery

July delivery

Sal.

Man.

Taef.

Wed.

Thtir.

Fri.

6-20
6-27

6-21
6-29
e-40
6-49

6-20
6-30

6-21
6-30
6-41

6-23
6-31
6-42
0-52

6-22
6-29
6-40
e-54

6-38
6.52

6-41

West Point...

I

Reetipttto

bales, Sumatra, at $l-00a>2-25.
Spirits turpentine has been quiet and

48J^c.

declining, closing at

Rosin has been quint most of the time, closing with a

rather better business. The sales to-day were 500 barrels good
strained at $1 23 and 500 barrels of " D," " E" and " F," a
mixed lot, at $1 25. Refined petroleum has remained at 73^c. in
barrels, with cases 9-70c., naphtha 8'lOc. and crude in barrels
7'75c.
Certificates have declined slightly, closing at $l'05i>8' §
Wool has been in fair demand and steady. Hops
1'05J^.
have been moderately active and without decided change.
On the Metal Exchange tin lias declined and sales were
made to-day at 20.50c on the spot, 20-55c for March and 20.50c
for April and May. Ingot copper has been quiet at 14J>^c for
Lake on the spot. Domestic lead has been dull and rather
weak, closing quoted at 3.S5c. on the sjwt. Pig iron warrants
have t)een quiet and closed nominal, with the settling prices
at $18 75 for January and $19 50 for April. Steel r»ils have

been;quietat$35335

50."

:^

fMoi.

1,114
1.614
4.853 11.831
152 1,186

17,660
1,614
60,597
6,297

382

382

4,150 22,194
6,283
6.283
46
4,798

8,671

4,204

4,878

4,158

661

1,167

70T

876

1,836

909

360

276

628

201

277
234

2.740

1,121
1,453

1,951
1,282

1,446
2,524

636

1.U7

1.925
1,426

2,082
2,250
1,789

62U
180

1,174

1,100

265

388

938
468

717
200

828
110

368

618

193

9,163
10,061
1,780
5,377
1,561
4,969
8,164

234

4,050

......

1889-90.

105

955

1,025

Galveston
El Paso, &o,
. .

I
'

New Orleans.

\

I

I

1

!

Charleston

..

P.Eoyal,&c
Wilmington
Wash'tn,&e
Norfolk

West Point.

NwptN.,&c
!

,

New

York.
Boston

..

Baltimore.

..

&c

Phirdel'a,

1888-89.

Since Sep.
1, 1889.

Week.

depressed;

and 225

rri.

3,359

1,633

TMh

Jan. 17.

I

and 55^c. for 8 lbs. Pickled shoulders Mobile
Florida
are quoted at i@i}/^c.; do. hams, 8@8J^c; smoked shoulders,
Savannah. ..
5@5l^c. and do. hams. 9)^'a9%'c.Beef has been dull and rather
Brun8.,&o.

1

Thur$.

For comparison we give the following table showing the
week's total receipts, the total since September 1. 1889, and
the stock to-night, compared with last year.

(§5J4^c. for 10 to 13 lbs.,

|

3,224

Totals this week 21,677 26.083 27,986 23,581 19,442 40,099 158.968

Iiate sales include pickled bellies at 5c. for 14 lbs. average. 5i^

|

Wtd.

2,354

8,096 12,838 11,040
162
1,612 2,006

Boston
Baltimore
PUIadelph'a,&o

has been steady but quiet, closing to-day with
old
do.
extra
19 75(al0 25,
$10 50^11,
clear
backs
and
$11 50@13.
prime
$9 2o@9 75,
Cut meats have been quiet, and pickled bellies have
declined, closing steady, however. To-day 150 tierces of sweet
pickled hams 16 lbs. average, sold at SJ^c. for April delivery.

I

TuM.

1,147

11,930

New York

Pork

:

5,054

1,655

N'wp'tN's.&o.

new mess

extra mess, $6oO(S7; packet, $7 75 a 8; plate,
$1 50® 8; city extra India mess, $18@14.
Beef hams have been about steady at $12:^12 50 for jobbing
lots. Tallow has been more active at a decline to 4% 34 13-33c.
Stearine has been dull at CJgC for Western and 7c for city.
Oleomargarine is quoted at 5@ 5 5- 16c. Butter has been dull
and depressed, especially for the lower grades. Creamery
16(a28i'2C.
Cheese has latterly been more active and the market closed steady at lO^a lOJ^c for State factory full cream.
Coffee on the spot has been in fair demand at a reduction to
MUd grades
171^0. in the quotation for No. 7, closing firm.
have been fairly active and closed firm with small stocks.
The speculation in Rio options has been small, the local and
foreign orders being light and outsiders holding aloof fearing
manipulation. Exchange Ln Rio advanced to 26j8d., but to-day
there was a reported decline. Havre advanced i^f. to-day
and this caused a rise here of 5 to 10 points, but the net
changes for the week show a decline of 10 to 20 points, closing
with sellers at the following prices
15-95c. April
1600c July
16-05o.
January
I6OO0. August
15 900. May
16-05c.
February
1605c. [September
160.5e.
March
lo'95c. June
Raw sugar has been in rather better demand and closed
firm at 5}4c. for fair refining and 5 9-16@5*^c. for 96-degrees
Refined sugar has been in fair demand and
test centrifugal.
steady. The tea sale went off at easier prices, except for
which
was
steady. It was a large sale, amounting to
Japan,
16,164 packages.
Kentucky tobacco has been firm but less active. The sales
for the week are 300 hogsheads, including 200 for export.
Seed leaf has been quiet but steady. The sales for the week
are as follows: 1.50 cases, 1888. crop. New England Havana,
crop, Pennsylvania Havana,
at 14@37i.£c; 120 cases, 1888
at 123^(gl4c; 140 cases, 1887-88 crops, Pennsylvania Seed Leaf,
at 8iJ(*10c; 100 cases, 1888 crop. State Havana, at 12>^®14c;
120 cases, 1888 crop. Wisconsin Havana, at 10@12c; 150 cases,
Sundries, at !i}^(§31^^c: also 540 bales, Havana, at 64c.(a$l'10,

Hon.

aai.

Seeetpltat—

none has been reported. Money is rather easier at leading Hew Orleans...
centres and collections from wholesale houses as a rule are Mobile
reported good, though retailers are, perhaps, not so prompt as Florida
Savannah
could be desired. Jobbers and retailers are understood to be
Brunsw'k, &c.
well supplied with winter fabrics, the sale of which has been Charleston
Speculation
temperature.
has
high
unusually
by
an
retarded
Port Royal.dic
been quiet except in cotton, which has been active and higher. Wilmington

March

109

Week.

Stock.

Since Sep.
1, 1888.

722,811 13,250j 541,571
9,913
2,107l
8.181
60,597 1,541,057 54,306jl,286,549
9,1871 159,406
6,297| 205,660
382
19,997
205
17,167
22.194 802,437 16,306 679,451
6,283 133,833
2,776
78,608
4,793 286,976
8,866 313,095
1,728
216
11,437
2,740 118.031
2,498 136,280
234
3,281
567
3,805
9,163 328,637 12,259 389,394
10,061 261,389 10,850 299,372
1,789
38,551
6,279
62,332
5,377
61,078
2,493
49,411
41,313
1,561
3,527
39,773
4,959
41,624
763
35,441
*37,953
3,164
2,723
29,329

1890.

17,660

1889.

56,936,

57,189

296,878
29,375

370.663
38,919

1,614'

i

64,1861

88,733

12,948|
30,935!

35,682

12,192'

11,430

39,351

39,544

3,001'

8,231

138,136,

210,272
12,350
22,054
21,420

10,147
5,712
15,090

158,868 4,656,268 149,178 4,141,192 714,8871 917,387
14,855 bales added as correction of receipts since September 1.

Totals.
*

In order that comparison may be made with other years,
give below the totals at leading ports for six seasons.
Reeeipts

at-

Galv'et«n,&c
New Orleans
Mobile

1890.

1889.

19,27*
60,597
6,297
22,194
4,793
2,974
9.163

1888.

Wilm'gt'n.Ac
Norfolk
W't Point, <tc
All others

21,726

15,357
54,306
9,187
16,306
9.082
3,065
12,259
17,129
12,487

Tot.thisweek

158,868

149,178;

Savannah.

..

Chart' 3t'n,&c

Since Sept,

11,8(50

5,512
8,685
5,692
9,345
6,199
2,008
8,279
0,527
9,156

1887.

1886.

18,816
62,662
8,987
17.160
7,131
4,675
13,155
7,105

12,274
40,993

we

1885.
.5,833

16,1 0."*

15,0991

36,056
5,747
0,630
0,463
1.579
12,317
4,661
11,625

105,403! 155,884.

110,310j

93,911

8,373'

13,974
6,118
2,176
8,370
2,933

4656,26814141, 19214396,002 4213,641 3978,4424051,697
The exports for the week ending this evening reach a total
of 120,108 bales, of which 67,367 were to Great Britain, 6,097
to France and 46,644 to the rest of the Continent. Below are
the exports for the week, and since September 1, 1889.
1.

Week Ending Jan.
JSxitorttd

ExporU
from—

Great

Galveston

New

Orleans..

From

17.

Total

Great

Wftk.

Britain.

280.815

Brit'n.

5,439

3,974

8 713

17,757

fi9,949

37.363

4,88S

Mobile

Savannah
Brunswick

West

8,9)0

8,soe

1.272

4,105

B«lUniore...

Phlladelp'a.&c

Total
Total. 1388-89..

6,097
63.412' 15.833

Contl.
nent.

81.595
44,018
71,986
161,794
188,444

8,460

7,046

9,946

8,118

18.599

42

8,147

l.U}

4.844

18.(80
882,064
68,188
33,939

768

16,811

Ac

York...

Boston

1. 1889. t-i Jan.
Exported to—

34.659
603.841 876,014
32.199
136,190

2,460

Point....

N'port Nws,

New

11,790
6,9)8

8,9)8

Charleston
WiimtnKtoa...
Norfolk

Sept.

to—

Continent.

108.998

14,8S7

86,132
31,758
90,609

1,300

1890

Total.

4003M

366.S18 l,l»&,S«7
83,190
876.875 448,791
135,293

85,931

17,

84.757
1,S«8
2S.606
1,696

07,889
808,569
88,058
193.B63
148.099
18,426
398.77S
69.764
60.845
18.417

4e,e4i{iao,ios 1,693,648 3U2.496 l,0:9,S9i;3!3i97.548

39.163117.787 1.673.873 277.746

843.817 8.796.138

no

THE CHRONICLE.

In addition to above exports, our telegrams to-night also
give us the following amounts of cotton on sliipboard, not

We add similar figures for
tlie ports named.
which are prepared for our special use by Messrs.
Lambert.
24
Beaver
Street.
Carey, Yale &

[Vol,

I/.

The Sales and Prices of Futures are shown by th»
foDowing comprehensive table:

cleared, at

New York,

Oh

Shipboard, not eleand-for

a

Ltaoino

Jan. 17, ai-

Qreat

OlKer
Tranet. Foreign

Britain.

New Orleans...

18,049
10,400
None.
5,000
14,518
20,000
5.400
13.000

Mobl.c
Charleston ....

Bovannab
Galveston
Norfolk

NewTork
Otlier ports....

Total 1889...

86,367

Total 1888...
Total 1887...

63.453
85.100

22.939
None.
3.700
5.000
4,113
1.000
8,500
3.700

19.395

None.
None.
None.
None.
None.

600
None.
1

49,552

19.995

5.484 49.131
18.710 48,319

Ooatl-

SIvek.

loUU.

Kiie.

60.752
10.400
3.800

5.100
12.775
2,000
None.
None.

15,7(10

31.406
23.000
14.500
16,700

20.344

»

•

WW

;

16,351

538,629

"

770,491
802,012

Strict

Good Ordinary.

Low Middling

7%

711,8

7U,g

8%

8i8

91a

SSid
S'le
91a

10

Strict IjOW Middling..

106,8

Middling

10%
10%

Good

Middlinif

Strict

Good Middling.

GULF.

<

.yib.

10%

10nia'l0ii,„

11%

1138

ll's

11''8

9%
1014
10 18

Low Middling
Low Middling...

nion Tneii

I

10%

GoodMiddling
Strict Good Middling.

11
ll'.e
11»8 1158
I1218
1218

STAINED.

SMt.
.»11).

Low Middling
Middling

Wed

w

o: 01

It-Oil^*'
I

6'.":

ll'lS 11»1« llSg
121,
121,p 1218

o

7'%
8I4

7*u

9'ie

9'i6

9%

10

llO

MARKET AND

7»16

8<,8

MM
99
-OCR

>.
5^

2

ocoto'^

Bat.

.

Steady at % adv.

Ex-

Ooh-

porl.

mimp.

1,198

Easier

Tues. St'dy at

1,0 dec.

Wed. Finn
Thur. St'dy at

m... Firm
.Jtal

i-e

737
301
294
'.'.'.'.

184
351
302

adv.

at !j(j«dv.

1,198

Total.

ul't'n

2,229

....

<
w

OC-i

In

00^*

»

00 ^
•->

i-<i
I

e-.*-:

t

[p.

»

OC«^>'

er;

1

I

si.=

00
OtCn

(B

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MM
99
UtVt

h>

<
9

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e.":

2
csaM"^

IP-

MM t^
99 ?
)i-i^

c;,ooi

w o
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cjttu

^

5
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2
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05M

I

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M

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8.=

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!^

coo^

2

01

cjl

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oaM'i
I
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000

iOtJ

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c;t

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99

5

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aN:
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& CO
99
coco
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I

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99
toco

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to to
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cocc^co
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h^f^

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to

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00

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00

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**

!?-";
e.M;
s«.^;
er;
mmO<m MMttM MM05M MMtOM
COCO OCCC5 OOCO COCO

cope OCOO

tats
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I

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81a
93a
913,8

to

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1

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to

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^
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10-'i6

1058
1013,8
ll'ie
III4
1111,8
12'16

7=8
8I4

I

8^,8
914
101,8

FUTURES.
Sale:

Vliiy
eritt

1,935 100,100

....

361 149,900
294 115,100
184 83,300
351 78,100
302 167,600

'.'.'..

3,4271694,900

The daily dulrortos given above are actually deUvered the day
Wl9u» to that on wUch they are reported

I

:

I

Si

I

1

1

I

I

I

I*;

7Uie

SALE&.

Sper- Tran-

CCCC

ca

=

•

61 i»:

cjicn^cii

MCn

ll'lB

9'io
916,8110

SALES OF SPOT AND TRANSIT.

SPOT MARKET
CLOSED.

99
coco

MMOM
0000 0000
MMKIM

1013,6

9%

9'6|«

•OCT

ciicjiOo,

Wed Th. Pw.

nion Tnea

7%
8I4

cct-l

MMtOM
0000

Sec

8'ie
101,8
1038
10^,8

Tta.

Jocr>

0000 0000
^^O V 0000

1^*-

llSg
11^8

o
t;

C;3rf*.

H^trt-'

1015,,

716,6 715,8 8
838
838
87,8
9I4
9»18
9H« 9I4
911,8 9U,a 9%
9%
1014
103,8 10<,« 1014
10»,8 IOI3
10»,«
101a
10% 1011,^ 10U„ 10%
11
1015,6 10'6,„ 11
Ills
11^16 lllfl
113,8

Middling
Middling Fair
Fair

ilO'e
115,8 |lli|8
1113l8'lll»l

2
"^

OSCCI-'*^

CO

10%

I

SnooS

6).":

*•*•

8I4
gig

8

6
§!'«
95,8

Good Ordinary
Strict Good Ordinary.

Good Ordinary
Strict Good Ordinary.

97,8

I

I

? 99
99
t04*

= ">;

COCT^ob

83,8
9'l6
9I3

105,8
lOia

Sat.

Strict Oi-dinary

Strict

9

Sh»

73,6

9'6,fl 9i6„ 10
IOI4 il0i4
106,8
107,8 llO'iB IOI2

10

1016,, 1015,, 10^8

Middling Fair
Fair

Ordinary

9

7%

0.F2

u

,^-

—

7^

e.

5

fft

en

I

.¥11).

:

n

>-)

^

f:

!>.

—

Ordinary
Strict Ordinary
Good Ordinary

w-

tjl

and increased receipts at the ports, especially at
Galveston, though the decline was in a measure attributable
to realizing partly for Southern account. On Tuesday there
was a further (lecline, the Liverpool market being dull and
lower; the Southern markets less buoyant; spot quotations
here lower, and the receipts at the ports larger than had been
expected, New Orleans, for example, receiving 13,838 bales,
and New York 3,232 bales. Prices took an upward turn on
Wednesday, after some early depression, due to a decline in
Liverpool, the rise here being largely attributable to the covering of shorts. On Thursday Liverpool, which is considered
the leader in the present bull movement, took the aggressive,
most options there advancing 4-64d., while the Southern spot
were
firm,
and
in
markets
some
cases
higher;
here
prices
l-16c.
higher,
spot
and
the
receipts
down
at the ports
to
19,443
bales,
against 31,801
bales on Tuesday, New Orleans r(?ceiving only 4,853 bales.
To-day there was an advance of 18 to 20 points, owing to a
riseof 4-64d.to 5-64d. in Liverpool and liberal buying for account
of that market, as well as by local and Southern shoits, the
trading being active and more or less excited. Cotton on the
spot advanced %c. on Saturday, declined l-16c. on Tuesday,
and recovered this loss on Thursday, which, together with an
advance of l-16c. to-day, makes a net rise for the week of 3-16c.,
though the market has been quiet. Middling uplands closed
at 10 9-16c.
The total sales for forward delivery for the week are 694,900
bales.
For immediate delivery the total sales foot up this week
3,427 bales, including 1,198 for export, 2,239 for consumption,
in transit. Of the above
for speculation, and
bales
were to arrive. The following are the official quotations for
each day of the past week January 11 to January 17.
FrI

P

o^owS

&

0000 0000
oc5o
Ci CI ^
iolO V 9929
^ ^ O j^
Cd^co
:^'0
H*
-lot
M
OU K> t.5Cs"^C0
»5
-O*
MM
l-lMM
MM b>
(^
99 < 00 5 00 5 00 5 99 ^ 00 5

in Liverpool,

Th.

coo

CO

•S'Qb*

too
I

mainly under the lead of the Liverpool market. The
rise of 8 to 11 points, due to an advance
of 3-64d. for options in Liverpool, and l-16d. on the spot there,
i^c. here, and relatively small receipts at the ports.
In two
nours last Saturday the option sales here reached 103,800 bales.
There was a decline on Monday, owing chiefly to a recession

Wed

I

n

Oi
BO

5:£§

w

.

£:

CO

9?

week opened with a

mron Xne*

«

I

2.M~lH

prices,

Sat.

<»

•

?:

M

o

in cotton for future delivery at this market
active at irregular, but on the whole at advancing,

UPLANDS.

5

OO

P-rt<
—
»

B

I

123,636
42,390

146.896
172,322

—

'-'

*

p..— so

on

The speculation
has been

S-s"

'^

—

2.5,5ao

176.258

28,828
20,193

•

:

^^

236,123
18,975
27,135
48,480

Gag's
U)

C'ff

-

IE?

Pa

369
None.
100

w

C

--

Chscov
» o «2

nA w

cc

I

I

i

I

I

* Includes sales* in September, 1889, for September, 147,600: September-October, for October, 640,600; September-November, for November,
630,200; September-December, for December, 357,20v;.
|^° We nave included in tlie above table, and shall continue eacb
weelf to give, the aver.i^e price of futures o<icb day for each month. It
will be found under each day tollowins the abbreviation " Aver " Tho
average for eacli mouth for the week is also Riven at bottom of table.
Transferable Orders— Saturday, 10-4.5c.: Monday, I0'40o.: Tueaday»
10-35C.; Wednesday, 10-400.; Thursday, 10-40c.: Friday, 10-55e.

The following exchanges have been made during the week.
pd. to exch. 200 Mi;h. for June. •15 pd. to exoh. 400 May for Aug.

'20
'03
'07
"29
'05
"08
"18

pd.
pd.
pd.
pd.
pd.
pd.

to
to
to
to
to
to

exch.
exch.
exch.
exch.
exch.
exch.

500
900
300
500
100
700

Feb. for Mob.
Mch. for Ajiril.
Mch. for Aug.

May

for June.

Muh. for

Apiil.

Jan. for April.

•04
•07
•58
•15

14

pd.
pd.
pd.
pd.
pd.

to
to
to
to
to

cxoli.

exoh.
exch.
exch.
exoh.

200 J.an. for Fob.
100 Mch. for April.
800 Oct. for June.
200 May for Aug.
900 Feb. lor April.

January

18,

THE CHRONICLR

188O.J

111

The above totals show that the old interior stocks haTB
The Visible Supply of Cotton to-night, as made up by cable
and telegrapli, is as follows. The Continental stocks, as well aa decreased during the week 28,796 bales, and are to-night 49,0»8
those for Great Britain and the afloat are this week's returns, bales leas than at the same period last year. The receiptu at
and consequently all the European figures are brought down the same towns have been 6,379 baled less than the Ham*
to Thursday evening. But to make the totals the complete week last year, and since Sept. 1 the receipts at all the towoa
figures for to-night (Jan. 17), we add the item of exports irom are 129,854 bales more than for the same time in 1888-89.
the United States, including in it the exports of Friday only.
Quotations fob Middling Cotto."* at Othee Markets.—
]

1R90

Stock at Liverpool
Stock at London

975,000
14,000

bales

1888.

1887

707,000
29,000

820.000

5,000

1B89
714,000

1-2,000

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:

Total Great Britain stock.
Stock at Hambiu-g
Stock at Bremen
Stock at Amsterdam
Stock at Rotterdam
Stock at Antwerp
Stock at Havre
Stock at Marseilles
Stock at Barcelona
Stock at Genoa
Stock at Trieste

989,000
2.200
139,000
7,000

719,000
2,400
12,100
19,000

738,000
5,400
29,700
26,000

832,000
3,100
20,100
20,000

300
7,000
149,000
3,000
80,000
5.000
10,000

300
400

300
900

1,100

111,000
3,000
19,000
3,000
4,000

180.000
2,000
43,000
3,000
6,000

192.000
2.000
44,000
6,000
1 1 ,000

Wilmington.

Total Continental Btooks

402.500

174,200

290,300

299,900

Norfolk
Boston
Baltimore...
Philadelphia

Augusta

Total European stocks.. .. 1,391.500
India cotton afloat for Europe.
95,000
Amor, cott'nafloatfor Europe. 557,000
EKypt.Brazll.&c.afltforE'rpe
37,000
Stock ID United States ports ..
714,887
Stock in U. S. interior towns..
331,974
United States exports to-day.
34,910
Total visible supply

893,200 1,032,300 1,131,900
53.000 100,000
80,000
490,000 534,000 604,000
50.000
39,000
44.000
917,387 974.334 994,900
381,072 388,190 328,780
16,226
27,772
26.020

3,162,271 2,827,885 3,048,596 3,229,600

American

764,000
318,000
557,000
714,887
331,974
34,910

bales

alloat for Europe...

United States stock
UnitedStatesinteriorstocks..
United States exports to-day.
Total American
Eatl Indian, Brazil, <te.
Liverpool stock
London stock
Continental stocks
India afloat for Europe
Egypt, Brazil, .fee, afloat
Total East India,
Total American

583,000
137,000
490,000
917.387
381.072
16,226

522,000
160.000
534,000
974.334
388,190
27,772

624,000
204,000
004,000
994,900
328,780
26,020

2,720,7712,524,685 2,606,296 2,781,760

—

&c

211,000
14,000
84,500
95,000
37,000

131,000
5,000
37,200
80,000
50,000

185,000
29,000
136,300
53,000
39,000

196,000
12,000
95,900
100,000
44,000

441.500

303,200

442,300

447,900

2,720,771 2,524,685 2,606,296 2,781,760

Total vi.slble supply
Price Mid. Upl., Liverpool..
Price Mid. Upl., New York.

..

3,162,271 2,827,885 3,018,598 3,229,660
5l3„d.
5»8d.
5",td.
53i,d.

IC^o.

9lRiaO.

lO'iaO.

Jan. 17.

HfB?H

2.

Charleston.

....

Memphis
Louts
Cincinnati
Louisvllla
St.

P n o

§?

o

o
or

is

? Ha.
®- FfeSo
rn>l»-"

rggf
st^ a 9 o

I0',e
10«8
lOaia

10%

10%

10

10%

10%
10%

10%

10%

10

10

10
10
10

10>8

..
.

10>e
«'s

lOM

lOAt

9l»,g

9>5l«

10

W\

lOOg
1038

iS""

lg"'«

10
10
10

10»9
978

10 •«

10>9

»'8

O'e

10
10

The closing quotations to-day (Friday)
9»8

.

.

9%

Columbus, Miss
Eufaula

10

.

Nashville
Raleigh

9''d

10
10
10
10
10
10

IH.

0''9

10

10
10

10%
10<fl

10

lOM
lOSg

10983 ••

10
10

9^8

at other important

Rome

9>l>i(

Selma

»'•

Shre veport

Oi*i g

O^g

Receipts From THE Plantations.—The following table
indicates the actual movement each week from the plantations.
The figures do 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.
BeeeipU at

Bnitng—
Dec. 18.

.

Ou PorU. SVk at InUrior Tovmt.

213,902'287,8J0 252,812 407,3a9 SSJ.Sn, 320,809 247,94S| 308,848| 302,«1S
503.8;8!437,M7 3*5.092 20U.1B8 29S.143 296.639
18«,«21j240.042!248,108|49.3.883'480.02) 1405.332 17B.02'la72,71BJ288,648

•'

«0...., 202,839'254.913 252,256

••

ST....

Jan.

"

8....

Itic'pU from Fl««i'n<.

1387-8Sll888-8»! 1889-90 lS87-88!l886.SOU8tl«-90 1887-83; 188S-!)8;i9BB -90

159,308! 202,924 218.840 481.804 4«'<,««0 417.B6U 127 .229|iei .560 330,868
to: 189,826;437.202l435.58t- 395.470 121,139 146.087 117,788
1

!

i

10....

145,741 159.1

17....

105.4031 149.178458,8881423,8321407,0931859 OiO! 92.0331 l»0.70S|lg2,418

j

1.

—That the total receipts from

—

1, 1889, are 5,003,844 bales; in
bales; in 1887-88 were 4,796,004 bales.
the receipts at the outports the past week

were 4,533,910

2.
That, although
were 158,868 bales, the actual movement from plantations was
only 123,418 bales, the balance being taken from the stocks at
the interior towns. Last year the receipts from the plantations
for the same week were 130,703 bales and for 1888 they were

93,033 bales.

—

Amount op Cotton in Sight Jan. 17. In the table below
we give the receipts from plantations in another form, and add
to them the net overland movement to Jan. 1, and also the
takings by Southern spinners to the same date, so as to give
substantially the amount of cotton now in sight.

2.C

fr-iT> CO

s
op

10l6

Thur:

10
10
10

Southern markets were as follows:
Atlanta
..
9',,
O'lg Little Rock ...
Columbus, Ga.
9H Montgomery

1888-89

OH

-

10>8
lOOg
10^9

lOifl

10»8
101^

10
i

. .

The above statement shows:

At the Interior Towns the movement—tliat is the receipts
for the week, and since September 1, the shipments for the
week and the stocks to-night, and the same items for the
corresponding period of 1888-89— is set out in detail in the
following statement.
w3

10

Wedna.

the plantations since September

as compared with 1887.

=

10
10

iS""

'

is

10
10
10

!?"•
OH

10
10
10
1?">«
10

Mobile

Savannah

9"ao.

The imports into Continental ports this week have been
118,000 bales.
The above figures indicate an increase in the cotton in sight
to-night of 334,388 bales as compared with the same date
of 18S9, an increase of 113,675 bales as compared with the
corresponding date of 1888 and a decrease of 67,389 bales

?-

Tu*t.

Galveston...!
New Orleans'

'•

*D'0 -

OH—

Xon.

Batur.

300

Ot the above, tae totals of American and otber descriptions are as follows:
American —
Liverpool stock
Continental stocks

CL08IK0 QUOTATIONS FOR MIDDLOCO COTTON

Week eniiino

1889-90.

1888-89.

1887-88.

1886-87.

I

'

.

Receipts at the portA to Jan.l7 4,656,268 4,141,192 4,396,002 4,213,641
Interior stocks on Jan. 17
./in
in
excess of September 1
346,576
391,718 400,002 318,363
346,576J 391,718|
|
I

fe'

I

Tot. receipts from plantat'ns 3,002, 844'4,532,910'4,796,004'4,532,0O9
Net overland to Januarv 1 ... 55i>,S31| 583,8331 710,7131 513,742
Southern consumpt'n to Jan. 1{ 22S,000| 225,000| 205,000 150,000
I

S?
MOMCOO^«5Q^ODlOOtDOQDOOMM .*«
Wl(-i-iOt(XK)<^0!t-'<lMOl-'ffiXOOoS

OtXMi* Cities
1^

IC- 4k.

^ CC K> tS

Total in sight January 17..|3,786,695 5,341,743|5,711,716|5,195,751

9>

Northern spinners tAkings

Mrf..C,t©>UC)iW

05^ C;»<J 05 (O QO 3i*-»3O3*J<lt0W*.4OtX!O

CO<ltC<lWl-tO

ifr*-auiS*.MS§"rigS<ieB(ox"2

CCXm{OOOS<D

January 17

Is

WtBtOOO

M rf».o« w w X M 00 M o" bi X o <i !C h-io
«tOMOJXWOXa5 0r-0^©W.Oo5-3

oo

WCO

R-S-3

MmCJICCXMlOM

I

* ~J g ^lo a X ^ M o »• to a K o o M
•^^^OtDWWXl^QOWOO&^OSXOXX
2.'

MW MM
tiCOXMtcOO

o

-.0

O X CC ,u M

lap

H

M0:MiiM0>SJOMa>xSMX&oSt^£
tn

OiCSWi^^ltOlO

590.944 bales.

Oalveston, Texas. It has rained on two days of the week,
the rainfall reaching one inch and thirteen hundredtlis. The
thermometer has averaged 54, ranging from 36 to 74.

III

M

Sly, '?.

*.C;'01«C*kOJcn

C CI to O O M^l OS rCO<)W MM X MM C»M

-.)

—

Palestine, Texas. We have had rain on fonr days of the
week, the rainfall reaching one inch and twenty-four hundredths. The thermometer has ranged from 36 to 76, averag-

a

X*

O0SMr:tc-:Diji;;iXMXC'C*»xrcc;foi5t

ing 51.
WOS
W,

(*.tf»C3l^O

Oi-

Ottf^OSOCO

Pl^P

MM;

OJOM.xV.ij'

woosx.;^o:

M

WW

fe Is

MOMCCWW^

®-105XOO*-Oi*.<1X0Si)>.k>X-jS!Sm

©

wo

0:j^w^_W*.M;

CkoC — )f^MW

—

/

s
f

g

the lowest

C5M-JWOX.
?*.."" !'=''<'*'"»?, '1889 flguics are for P«lorsburg, Va.
I r.Mi»!!?i'.»
°'
Louisville
in both years are "net.
s
,r«n..«o.i..,„.»/i
This year
5 Thu
estimated.
J.'',

—

Huntsville, Texas. There has been r»in on two days of the
week, to the extent of eighty-nine-hundredths of an inch
Average thermometer 53, highest 77 and lowest 30.
Dallas, Texas. It has rained on two days of the week, the
precipitation being one inch and twenty-nine hundredths.
The thermometer has averaged 43, the highest being 65 and

JS'«""g£»-MX03il>.XM*.MCSoSjw

M

I

,152.615, 1,272,545 1.059,201

—

M*.

ixox^xo>if-oi*.««»<c.:f,5;ioco*-*.

W^-MAaMtotOOSOi
05

1

scale.

K>M

Wi^
m*.cccj:;'xw

I

|

147.284

Weather Reports by Telegraph.—Reports to us by telegraph from the South to-night indicate that the temperature
has been lower generally, and that rain has fallen in most secThe precipitation has, however, as a rule, not been
tions.
heavy. Tlie marketing of cotton continues on a fairly liberal

c:

wcjiwtcostofl:

!1,

It will be seen by the above that the increaiMs in amount In sight
to-ni>;bt. as compared with last year. Is 444.952 bales, the iuoreaae sa
compared with 1887-88 la 74,979 bales and the Increase over 1886-87

Q0»

N.lvW?O0D«DM*.CflO5MtOO5i^C0Q0«DMtO

to]

19.

San Antonio, JVawis.— There has been

i

drizzling rain on four
days during the week, the rainfall reaching eight hundredths

THE CHRONICLE.

112
of an inch.

W to

The thermometer has averaged

56,

ranging from

78.

Luling, Texas.— The weatlier has been dry all the week.
The thermometer has ranged from 34 to 79, averaging 56.

—

Columbia, Texas. Telegram not received.
Cuero, Texas, Telegram not received.
Brenham, Jferas.-^We have had showers on three days of
the week, the rainfall reaching thirty-six himdredths of an
inch. The thermometer has averaged 56, ranging from 33 to

—

TO.

—

the week.

Dry weather has prevailed all
thermometer has ranged from 30 to 78, averaging 54.
Weatherford, Texas.— It has been showery on one day of
the week, the rainfall reaching thirty-seven hundredths of an
inch. Average thermometer 47, highest 74, lowest 20.
New Orleans, Louisiana.— It has rained on three days of the
week, the rainfall reaching thirty-eight hundredths of an inch.
The thermometer has averaged (i3.
Shreveport, io«moJia.— Rainfall for the week, one inch
and twenty-six hundredths. The thermometer has averaged
82, ranging from 26 to 77.
Columbus, Hississippi.— It has rained on three days of the
week, the rainfall naching eighty-one hundredths of an inch.
The tlicrmometer has ranged from 24 to 70, averaging 50.
Leland, Mississippi. Telegram not received.
Greenville, Mississippi. Telegram not received.
Vicksburg, Mississippi. We have had rain on three days of
the week, the rainfall reaching two inches and eighty
hundredths. Emigration from North and South Carolina and
Alabama to the Mississippi Delta continues heavy, and the
Belfon, Texas.

India Cotton Movement
and shipments of cotton at
the week and year, bringing
BOUBAT KECEIPT8 AND

—
—

the Delta are making great preparations for increased acreage and in consequence are jubilant over their
prospects for a large crop this yeai\ The thermometer has

farmers

—

—

—

—

.

Charleston, South Carolina.—We have had rain on two
days of the week, the precipitation reaching six hundredths of
an mch. The thermometer has averaged
63, the hjghcft being
»
s
"-«
74 and the
>

lowest 48.
Stateburg, South Carolina.— There has been light rain on
one day of the week, to the extent of two hundredths of an
inch.
to 75.

The thermometer has averaged

58-6,

lUeelptt.

1.

IhU

\

Total.

18871 2.OO0I10.OOO 12,000|

Great

Contvnent.

1

Brltaiiu\

Qreat
Britain.

Total.

Continent.

1890
1889

1,000
2,000

3,000
2,000

Madras—
1890
1889

2,000

4,000
4,000

1,000
3,000

2,000

1,000
2,000

2,000
4,000

2,000
3,000

6,000
10,000

4,000
8,000

1890
1889
Total

all

1,000
2,000

3,000

2,000
1,000

1,000
7,000

5,000
3,000

2,000
2,000

4,000
5,000

6,000
5,000

10.000
13,000

-

1890
1889

t

1

EXPORTS TO EUROPE FROM ALL INDIA.
1890.

Shipments
Europe

from—
Bombay
All other ports.

1889.

S

This
week.

to alt

nte

Jan.

This
week.

1.

This
Keek.

Jiashville
Bill

I-

vcport

Vlcksburg

Inch,

7

I

3
2
9

Since

Jan.

1.

54,000

31,000!
10,000| lO.OOOJ

58,000
13,000

5.000
7,000

46,000
14,00O

28,000|

64.0001 41,000i

71,000l 12,000

60,0OO

ALEXANDRIA RECEIPTS
Alexandria, Egypt,

January

1888.

Sinee
Jan. 1.

22,000
6,000

Total

15.

Receipts (cantars')
This weelf
Since Sept. 1

ANJJ SHEPJIENTS.

1889-90.

1888-89.

1887-88.

100,000
2,503,000

115,000
2,098,000

2,440,000

This
week.

63,00O

Siiice
iept. 1.

This
Since
week. Sept. 1.

This
week.

7.000 186,000
7.0001 88,000

9.000 151,000
3.0001 79,000

6,000 182,000
5,000 101,000

Since
Seat. 1.

Exports (bales)—

To Liverpool..
To Continent..
Total Europe
*

14,000 274,000 12,000 230,000 11,000 283,000
~

A cantar is 98 pounds.

—

Manchester Market. Our report received by cable to-night
from Manchester states that the market is strong for yarns
but dull for shirtings. Manufacturers cannot sell. We give
the prices for to-day below, and leave those for previous weeks
of this and last year for comparison:
1889-90.

Twist.
d.

d.

Do. 13 9^ «85e
" 20 8% aSSg
" 27
<i8»8
Jan. 3 818
"
" 10 8I4 «i8%

"

».

6
6
...

6
16
16

17: 8I4 a>H'%

1888-89.

8H Us.
Shirtings.

32« Cop.

d.
1

s.

®7

Oolt'ni

„„ „
Mid. 32. 0pp.
^«n"Vptdsl
d.

d.

3
1
97 3
Holiday..
1 ®7 3
3 ®7 3
3 a>7 3

d.

5S8 iT^e
5^16 It's
l7''8

5%

I7'8

8H

Ooten
Mid.
Upkit

lbs.

Shirtinys.

d L
SSSs ;6

®8%

6

®8»8
*838

16
'6

53j

I715i«a87ifj6
5'»inl7i»iga87i6l6

s.

®7
®7
®7
97

0i3»7
1

87

d.

d.

1
1
1

5%
5%

1
IJfl

5ifl

lig

5»i6

—

Shipping News. The exports of cotton from the United
States the past week, as per latest mail returns, have reached
190,434 bales. So far as the Southern ports are concerned, these
are the same exports reported by telegraph and published in
the CHRONICLE last Friday. With regard to New York we
include the manifests of all vessels cleared up to Thursday,

New York—To
... Cnflc,

Total
Llvernool, per steamers City of Berlin, 1,743
Gallia, 958
Germanic, 1,598
Italy,

New

ixiiet.

960

1,500

To
To
To
To
To
To
To
To

Lelth, per steamer Croma. 1,450

Havre, per steamer La Normaudie, 1,272
Brtmen, per steamer Eider, 100
Hamburg, per steamer Bohemia, 875
Antwerp, per tteamer Westernland, 662
Genoa, per stojmfrs Columbia, 583
Victoria, 499
Naples, per steamer Victoria, 299
Venice, pei- steamer Victoria, 100
Okleass— To Liverpool, v)er steamers American, 2,570
Euskaro, 6,5()0.~.. Florldiau, 5,634... Incn Anon, 4,262
Mira, 7,500
Scrra, 4,600
Toronto, 6,200
Vectis, 5,000.... Vesta, 7,157

6,759
1,450
1,272

100
875
662
1,082

299
100

49,423

To Havre, per steamers Euterprise, 0,686

Kirby Hall,

6,244.. .. per fhip San Stefano, 3,686
15,616
To Bremen, per steamers Chelydra, 5,808
Monkseaton,
4,502
Ocean Kinif, 5,318
ScoUand, 5,446
Turquoise, 4,500.... Vedra, 4,800
30,374
To Hamburg, per ste.imer Catania, 850
„.
850

To Genoa, per steamer Canton, 4,900

barks

4,900
3;980
4,285

Liverpoul, per steamer Godolphin, 3,980

923
per

Mary

Elizabeth, 2,352. ...Valona, 1,792
Bremen, per steamer Scawfell, 6,201

To
To Batcelona, per steamer Cairngorm, 5,025
To Pasagos, per brig Conoezione luinuioola, 1,218
To Genoa, per steamer Amaryllis, 4,550
Brunswick-To Bremen, per steamer Matthew Bedlington,
.

Above low-water marl;
Above low-water marS.
Above low-water mark
Above low-wa tci- marl;
Above low-water marb

5,000
6,000

All otbers-

The following statement we have also received by telegraph
showing the height of the rivers at the points named at 8
o clock January 16, 1890, and January 17, 1889.

Orlrang

Total,

4,000
3,000

To Bremen, per steamer Leconlield, 4,285
To Vera Cruz, per steamer Wliitney, P23
SAVANNAH— To Liverpool, per steameis Escalftna, 5,284

New

1.

Calcutta -

Galveston- To

Memphis

113,000
121,000
70,000
126,000

8,000 44.0001
Shipments for the week.
Shipments since January

agmg 58.

[Jan. 16, '90. Jan. 17,

Since
Jan.l,

Veek.

54,000 55,000'
58.000 59.000:
46,000126,000
52,000|43.000

!

ranging from 44

Wilson, North Carolina.— It has rained on one day of the
week, the precipitation reaching twenty-seven hundredths of
an mch. The thermometer has ranged from 40 to 76 aver-

area!
OofiliBilUiin, nent.

Total.

receipts
for

SHIPMENTS FOB FOUK YEAI».

1890 8,000 19.000 22,000
6,000 48,0001
1889 l.'J.OOO 18,000 al.OOO 13,000 45.000
1888 5,000]
5,000] 11,000 35,000:

—

lowest 21.
Helena, Arkansas. It has rained heavily on two days of the
week, the rainfall reaching three inches and sixty hundredths.
The weather is getting warmer. The thermometer has averaged 40, the highest being 78 and the lowest 23.
Memphis, Tennessee. We have had rain on four days, the
rainfall reaching two inches and fifty-eight hundredths. The
latter part of the week has been very cold.
The thermometer
has averaged 50, ranging from S3 to 79.
Nashville, Tennessee. We have had rain on five days of the
week, the rainfall reaching fifty-three hundredths of an inch.
The thermometer has ranged from 22 to 75, averaging 53.
Mobile, Alabama. Rain has fallen on three days of the week
to the extent of fifty-four hundredths of an inch. Average
thermometer 60, highest 74, loweet 36.
Montgomery, Alabama.— It has rained on one day of the
week, and there has been killing frost in this vicinity on two
nights. The rainfall reached one inch and seventy-six hundredths. The thermometer here has averaged 59, the highest
being 76 and the lowest 36.
Setma, Alubama.—We have had rain on one day of the
week, the rainfall reaching sixty-eight hundredths of an inch.
It is claimed that very little cotton is left on plantations in
this section. The thermometer has averaged 51, ranging from
28 to 75.
Auburn, Alabama.— The weeks "precipitation has been
ninety-four hundredths of an inch. The thermometer has
ranged from 33 to 76, averaging 57.
Columbus, Georgia.— Hain has fallen on one day of the
week to the extent of eighty-seven hundredths of an inch.
The the:-mometer has averaged
52, the highest
being
o
e
e 65 and
the lowest 32.
Savannah, Georgia.— Ra.m has fallen on four days of the
week to the extent of twenty-three hundredths of an inch.
The thermometer has averaged 62, ranging from 48 to 78.
Augusta; Georgia.— The early part of the week we had
light rain on three days, but at the close the weather is
clear and pleasant. The rainfaU reached fifteen hundredths
of an mch.
The thermometer has ranged from 40 to 79,
averaging 57.

— The

from all Ports.

r.

Bombay have been as follows
the figures down to Jan. 16.

S/iipmenis rinet Jan.

vjeek.

tear area' Ounli
BriVn. nent.

in

ranged from 28 to 84, averaging 55.
Little Bock, Arkansas. The weather during the week has
been variable. It has rained on four days, hard on one and
accompanied with strong wind, followed by a fall in temperature of forty degrees. The rainfall reached two inches and
twelvB hunciredths. Average thermometer 47, highest 75 and

IMs

S/iipmetttM

Tlie

—

[Vou

6,087
6,663
1,667

6,087

OHARLtSTON— To Bremen, per steamer Thordis-j, G.663
Wilmington—To Genoa, per bark Augelo CsstelUno, 1,657

Norfolk— To
Crown

Llv.rpool, per steamers
of Arragon, 1,198.

Amaranth, 7,105

9,428
6,201
5,025
1,218
4,550

...

8,303

January

18, 1880.

THE CHRONICLK

|

Total batet,
Liverpool, per steamers Crown of Arraxon,
;--••
9.024
5,210.. ..Siissox. 4,014...
- — , '-°'*^"
i,04ij
NEWPORT NEWS—To Liverpool, per
BosTON-To Liverpool, per stcnmers BHigarlan, 2,107
...Samurla,
106
1,363.
Roman,
1,046....
KanssK,
*'"?i

WEST Ponrr— To

'Sl-,

873
662

.

180,434
The paxticulars of these shipments, arranged in our usual
(orm, are as follows:
_
Sfeetoiia, TarPamgee, moiith
Srenun
Anl- Oenoa, <£ Vera
<* HamLiverTotal

,

Ltith. Havre,

pool.

werp.

burg.

975
York. 6,759 1,450 1,272
15,616 31,224
N.Orleans. 49,423
4,285
3,980
Galveston..
°'"fj
6,663

Charleston

Wllmlngt'n
Norfolk
West Point

Boston ....
Baltimore.

8,303
9,824
1.543
4,621
1,279

Phlladelp'a

682

News

N'p't

nvi
1.65'

373

662
973 190,434

1,035 18,831

1,450 16.888 55,435

Total.... 95,822

Cctton freights the past week have been as follows:
Xon.

Sahtr.

Liverpool, steam d.

Do
Do

Do

%

38

e.

sail

16<.

H

%

Fri.

38

c.

Bremen, steam ..

"16

c.

•i«

Indirect, c.

HamboTg, Bteam.c.

Do via

•16

indirect.c.

70*

70*

70*

18«i-Hi!.

l»Ri-ll.'i!.

70*

Amat'd'm, steam. e.

70*

70-

Indirect.. <*.

Reval, steam

Do

IB.

late dellv'y.d.

Havre, steam

Do

Wednet. Thuri.

rue*.

16p.

d. ^^itr^'-a

"M-lIi-a I»«i-lla

d

sail

Baroelona,steam d.
Oenoa, steam., .d.

"IB
19«i

I

|

I

|

Per 100

flisk

d.

4.

January.... 8 41
Jan.-Feb.... 8 44
Feb.-Maroh 6 44
Meh.-Aprll. 5 46

Aprtl-Hay.. 6 47
May- June.. 6 49
Jone-Joly.. 6 60
Jnly-Aug.. 6 61
Ang..8ept.. BBl

I

lbs.

—

Liverpool. By cable from Liverpool we have the following
statement of the week's sales, stocks, &c,, at that port.

iMo. CtM. Ottn B4«k Low.
d.

Dee. 20.

week

bales

Of which exporters took
Of which speculators took...
Sales American
Aotaal export

Forwarded
Total stock— Estimated

Of which American—Estlm'd
Total Import of the

week

Of which American

Amount

atloat

Of which American

Jan. 10.

Dee. 30.

52,000
4,000
3,000
41,000
9,000
79,000
798,000
606,000
131,000
113,000
281,000
258,000

43,000
2,000
2.000
34.000
14,000
78,000
903.000
703,000
201,000
174,000
246,000
221.000

Jan. 17

57,000
3,000
6,00o
44,00"
7,00"

1U,000

93,00!?
975,00!;

957,000
750.000
172,000
148,000
238,000
215,000

761,00^
117,00!^

93,00"
196,00X
180,00^

The tone of the Liverpool market for spots and futures each
day of the week ending Jan. 17, and the daily closing prices
of spot cotton, have been as follows:

Market,

Good
demand.

1:45 P. M.

& exp.

In buyers'
favur.

Friday.

.Moderate Hardeo'ff
demand. tendency.

Qolel.

513,8

513,8

513i8

5%

5is,e

513,8

12,000
2,000

10,000
1,500

8,000
1,000

10,000
1,000

8,000
1,000

10,000
2,000
Quiet at

Mld.rpl'dB.
Sales
Spec.

Quieter.

Wednet. Thurtd'y.

Falurei.

Market,
1:45

P. M.

Market,
4 P.M.

Finn at Steady at
l.M®2-a4 1-64^2-84

Basra!

Saarat

2.04 de-

1-64 de-

.Stead; at
1.84® 3-64

advance.

advance.

cUne.

cline.

advance.

Stead r.

Steadr.

Btwdy.

Steady.

Barely
steady.*

at 1-81
decliue.
(rreKular.

The opening, highest, lowest and closing prices of futures a t
Liverpool for each day are given below. Prices are on the
basis of Uplands, Lo w Middling clause, unless otherwise stated
.

prtcel are given in pence
. 1^.^**
5 63.64<t., and 6 01 means 6 l-64d.

and Oithi

l^ut.^

5 63 meant

6 49

680 580
668
663 663
654 8 54
665 665
5 66 686

660

680

6 61
6 6S
6 64

6 62

5 46
8 47
5 49

6 49

6 91
6 62

660

6 61

8 61

6 62

5 62

8 81

862

Oven
d.

Hitfh Lov>. CIo»
d.

d.

d.

January.... 5 47 8 48 5 47 818
Jan .-Feb.... 8 47 S48 6 47 6 4?
Feb.-Marcb S48 8 48 6 48 5 48
Mch.-Aprll. 6 40
April-May.. 650

8 49

May-June.. B5»
June-July.. &G3
Jnly-Aug.. SM
AuK.-Sept.. 554

8 62

5 61

6 49
6 50
8 52

8 40
8 81

8 52
8 63

558 583
5 85 564 566
866 6(4 886

648

6 51

d.

Toe*., Jan. 14.

Oven Btth\L0V). OiM. Op*n\Hith Low.lciM
d.

d.

d.

d.

d.

d.

6 47

6 48

6 46
6 46
8 46
6 48
8 49

8 46
8 46
6 45

5.52

5 48
5 46
6 48
8 46
6 48
6 49

8 83

880

54;

8 48

8 47
8 48
8 49
8 60
5 82
5 53

848 6 47 6 48
643 6 48
680 8 49 660
6 81 580 5 81
8 63
8 83

6 84

6 85

6 62
5 53
5 84

664 8 66

6 61

6 48

5 56
6 65

8 St
5.12

5 62
6 52
1

8 83
8 63
1

6 46
5 48
6 49
6 60
6 52
8 62

d.

6 46
6 46
8 46

S4S
5 49
8 51
6 82

553
853

d.

660 BBS 680
680 668 660
8 61 663 6 61
6 6J 6 63 BBS
B54 666 6 61
566 6 67 866
666 668 686
5 87 860 657
653 660 BBS

6 49

668
6 84

858 655
855 666

"Z~
668
BBS
BBS
BBS
660
667
666

BM
680

Fbidat. P. M., January 17, 1890.

A

.

dull,

and

Prices for options are

slightly lower.

^ to

lower than a week ago. The export trade here during
the week has been quite moderate, but at the outports and at
Minneapolis fair transactions for foreign account have been
J^c.

reported.

DAILT OLOSntO PBICES OF HO. 2 RBD WIHTEB WHBAT.

April delivery
May delivery
June delivery
July delivery

0.
c.
c.
0.
c.
0.

Sat.

iron.

Tue*.

87
88

87^4
88^4
883t

88

8SI1

88%

881*

88%

89

88I4

88

Wed.
87>8
8818
8858
8858
87=8
8658

se'g

87 Tg

TKurt.

87 >4

88I4

88%
88%
87%
86%

Fri.

86%
87%
88%
88%
87%

86>4
86^8
87
86%
Corn has fluctuated within very narrow limits. Prices tonight are J^c. to Ic. lower than a week ago. Latterly the
market has been rather firmer, with a fair export demand
and likewise a fair amount of trading in options, while the
receipts at the West have fallen off. The stock in Coicago is

small, being according to the last statement 2,166,000 bushels, including 1,568,000 bushels of No. 2 mixed.
To-day the
market was easier and moderately active.
DAD.T OLOBIMO PHIOBS OF HO. Z KIXED OOBH.
Wed.
Thwi. FrU
Sat.
Man.
Tuet.
38i«
February delivery
3-iia
38
c.
38%
38 >4
38>fl
0.
c.
0.
0.
0.

April delivtry
Miy delivery
June delivery
July delivery

38%

38%

39 <4
3958
395b

3914
3958
3958

39 14

39 14

39%

3858
39i«

3958
3968

3958
3958

40

40

40

40

3953
3958
4016

391s
39^8

38%

38%

38^8

39 If

Oats have been quiet at a slight decline. The visible supply decreased 185,783 bushels, but this fact had no effect, the
receipts here being rather liberal. The export demand has
fallen off, and the home trade is moderate, though the transactions in options have reached a fair aggregat«. To-day
options were firm but quiet. On the spot the market was
more active, partly for export, at easier prices.
DAILT OLOSINO FRI0B8 OF HO. 2 UXSD OATT.
.Sat.
Hon.
Tuee.
Wed. TKurt.
Fri.
February delivery
0.
2858
28ti
28%
28%
28's
28>a
March delivery
28^4
28>4
28»8
0.
28%
28%
28%

MaydeUvery

0.

27'8

27''8

27^8
27^8
27%
wheat flour in
sacks sell slightly below
ZT's

The following are closing quotations
barrels.
(Corresponding
these figures):

grades in

for

PIX)TIB.

Man., Jan, 13.

d.

6 49

8 47

H<«k Vnt. OlM,

d.

Flour has been dull and more or less depressed, the lower
grades, especially of winter, being weak, virhile the batter
grades of old flour have baen steady. Th'jre have bean rerather
ports of the shuttiag down of mills at the Northwest.
better business however has latterly been reported from the
West, for British account A i a rule trade here has b 3en quiet
and the market largely nominal. To-day the market though
steady for the better grades was weak for less desirable flour,
with only a small business.
Wheat has been dull both on spaculation and for expert,
and without marked change. Etrly in the week there was a
decline owing to larger receipts at the West, of better quality,
and clearing weather. Then on Monday the market was
little better than nominal owing to the interruption to telegraphic communication with the West, due to a heavy
wind storm. A decrease in the visible supply of 5T7,5®
bushels had little effect, being neutralized by an unexpectedly
large increase in the quantity on passage to Europe---664,000
bushels. On Tuesdav large local "longs" began to realize, and
the option trading in creased at the lower prices which followed.
Wednesday was a dull day, and prices were irregular, with
the more distsmt options slightly lower. There was a small
advance on Thursday, due partly to larger clearances from
the Atlantic ports, partly to heavy rains and cold weather in
the winter wheat belt, which is unprotected by snow, and
partly to covering by shorts. At the same time there was
considerable selling of " long " wheat. Today the market

Pine
Sat., Jan. 11.

Om. Onm

8 47
5 48
8 49

'

VrtM Jaa. ir.

i.

6 49

March delivery
Saturday Monday. Tuetday.

apoi.

d.

648 649 8 48 B«g
S48 6 49 8 48 6 49

March delivery

97,000
4,000
12,000
77,000
12,000

d.

d.

643 644 6 45
6 46 8 44 645
645 8 44 846

February delivery

Siles of the

Thar*., Jan. IH.

BREADSTUFF S.

was

Trieste, Steam...d.|Bi6®"32'ia'»^'33|'l6®ll32*l«'®"32°l-i®''33''l6'*"32
Tgg
7g2
Antwerp, steam d.\
tga
^32
^sa
''3a
•

Oixn

Total.

12,599
101,163
9,188
923
26,422
6,087
6,663
1,657
8,303
9,824
1,543
4,871
50
1,652

1,481

4,900
,A-iVA
10,793

6,201

9.428

.

Crus.

dc.

662

New

Savannah
Bninswlck

Wednea., Jan.13.

— —

To Yannouih. per steamer Dominion, 50
v„V"
Bjlltimore— To Liverpool, per steamers Barrowmore, 625....
.Nova Scotlan, 654
v-JVa"*
To Antwerp, per steamers Chicago, 223 . . Lepanto, 150. ...
Philadelphia—To Liverpool, per steamer Lord CUve, 662

118

V

bbl.

*2 10»«2 35 City shipping, extras.

2 40» 2 75 Kye flour, superfine..
2 60W 2 95
Fine
3 25« 3 60 Com mealWestern, dco
4 80 a? 5 25
Brandywlne
4 5oa 5 00
Buckwheat Flour per 100 lbs., $1 35a$l 50.

Superfine
Extra, No. 2
Extra, No. 1
Patent, spring
Patent, winter

GRAIN.
fflieatSpring, per bush. .
Spring No. 2

0.

78
87
Bed winter No. 2 .. 86
Red winter
75
White
78
Corn— West'n mixed. 35
West'n mixed No.2. 38
Western yellow
38
Western white
37

9
«
»
•
«
a
n
a
9

40

•a

Buckwheat

0.

39

40
41

40
44

No. 2 white

Barley—
2-rowed State
4-rowed State

Canada

2

2

45» 3 55
659 ,.„

c

Bye—

Western..* bu
97
90
State and Jersey
87 »4 Oats-Mlxed
91
White
90
No. 2 mixed

4 35 a 4 40
» 3 20
75» 2 99

3
2

.

0.

56 »
54 *
28 »
29'a»
29 »

68
58
30
33

9
9

55
75

29%

29%» 3H«
50 a 51
53
88

THE CHRONICLK

114
The movement

of breadstuffs to

market

is

indicated in the

statement below, prepared by us from the figures of the New
York Produce 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. 11, 1890, and
since August 1, 1880. for each of the last three years;
StctipU at—

BliliAmibi Bluh.eoQ»
117, 4f 9
110.838

OUoaKO

HUnakM...

lOr.810

Sl,137

Dninth

90.357
80S.765

MlnneitpoUa.

Toledo
Detroit..

.

Tot.wk.

Same wk.'t9.
Same ws.as.
Aug.

Barley.

2,046.053
23,650
76,310

916.619
44,000
80,670

872,756
161,410

7,690
17.701

Se lit

10.500

1,540,040

1,191,123

63S,e38

870,983
918.286

2,601.704

1,157,559

1,860,143

1,021,812

021,951
474,291

8,058,770
5.011,196
5,»09.152

18«-88....

69,200
181,610
214,000

30.638
16,132
28.800
39,6

»

68
23,100

Mxporu

from—

Hew York
Boston...
Portland.
Montreal.
Phlladel.
Baltim're
N. Orl'ne.

121,381
67,419
56.396

84,118,100

75,97e.261

41.338.786

15.K38.90O

3,794.994

64.370,566
72,477.465

89.304.282
44.127.221

46.112.217

17,484,'375

8.754.136

39,723,623

10,548,462

1,171,947

Wheal.

Com.

BukK.

Buth.
572,657
160,118

BbU.

93"996
582,747
438,912

19,500
89,h76
1,290

60,066

379,972!l, 854,424

222,571

376,067

23,232 1,421,157

128,247

2,701

251,578
31,794

72',606

24,000

Flour.

84,491
27,314

OaU.
BHth.
295,949
20,118

Bye.

Pea*.

Buth.

BtuA.

603

5,410
33,121
28,329

603

64,860

H.News..

•B'me time

1889...

grain, comprising the stocks ia granary
At the principal points of accumulation at lake and seaboard
ports, and in transit by water, Jan, 11, 1890:
Wheat,
Com,
Oats,
Rye,
Barley
bitsh.

5,06'>,793

568,000

afloat.

Albany
Buffalo

Chicago

Milwaukee
DtQuth

Do

afloat

Toledo
Detroit

OsweRO
fit Louis

Do

afloat....

Clnolnnatl

Boston
Toronto
Montreal
Philadelphia
Peoria
Indianapolis

Kansas UitJ*
Baltimore
Minneapolis.
flt. Paul

On

bu$h.
buth.
1,580,295 1,089,500

49,800
25,800
76,600
50,700
2,850,327
190,587
18,799
5,227,554 2,161,808 1,765,030
969,651
1,984
3,470
4,387,992
370,325 316,601
73,000
920,046
159,700
32,565
543,850
62,039 149,688
90,000
80,000
2,040,000 2,035,401 341,084
134,701
32,000
2,000
7,000
73,815
265,062 160.1fi7
122,118
17.178
235,064
18,769
97.072
3S5,660
933,768 135,514
22.860
590,189 232,311
195.918
59,500 224.449
209,266
147,044
30,333
1,121,916 1,379,707
94,174
7,622,1 6
208,847 103,469
345,000
81,605
326,569
50,46.3

.r.....

-

Arabia

Total

From New England

Mtsh.

137,927
140,800
45,0C0
32,493
5T9.670
132,660
18,8S?
5,025

111,481

34,400
234,148
311,102
290,391
2,824
37,835
450,00(1

39.007

91,659

7,000
64,581
4.404
16,426

107,600
19,232
153,381
90,228

77,178

24 822

(8

"ico

"248
68

44

521
135
71

882
10

1,014

1,043

1.812

23

7

123

1,327

2,926

1,754

4,321

1,327

2,926

1,754

4,321

mill points direct.

table

damasks were

fairly active in

movement, and

prices

continue firm. Print cloths were in steady demand at last
quotations: say BJ^c, for 64x64s and 3 3-16c, for 56x60s.
1890.
Stock of Print Olothi—
Held by Providence manuf'ers
Fall River manulacturers
Providence speculators

Outside speculators

1889.
Jan. 12.
6,000
Kone.
None.

Jan. 1 1.
313,000
59,000
None.
6,000

(est)

None.

1888.
Jan. 14.
28,000
7,000
15,000
5,000

6,000

55,000

378,000

Total stock (pieces)

—

Foreign Dry Goods. The market for foreign goods was
tame and uninteresting, as usual " between seasons." Importers continued to make very fair deliveries of spring and
summer goods on account of back importation orders, but
new business was strictly moderate in volume. Prices of
nearly all foreign fabrics of a staple character remain firm
and unchanged.
Importations of Dry Goods.
The importations of dry goods at this port for the week
ending Jan. 16, 1890, and since Jan. 1, and the same facts
for the corresponding periods of last year are as follows

as

3

s

»'^225^S

^ S

700
3,075
36,018

600
250
545

"2,231

p:

Tot. Jan. 11,'90. 33,178,421 10,833,695 4.935,269 1,280,867 2,283,234
Tot. Jan. 4,-90. 33,756,004 9,289,352 5.121,0511,228,926 2,385,117
Tot. Jan. l2,-89. 37,198,541 11,842,212 8,4J4,108 1,687,251 2.611,884
Tot. Jan. 14,'8S. 43,248,132 6.737,490 5.686,040
313,716 3,224,774
Tot Ja n. 15,'87. 62,825,506 15,768,856 4,807,139 457,700 2,524,007
* Kansas City stocks of Dec. 28; this week's not obtainable.

p

IE

9

=•

pi

E

•

to

0:5

s

CnM»->MM
-q

MM

tJi

coo

0»

oocaccto

t0-4O0D03

l»*tc

^ 00 o -X <©
Mh-CO

*to

COO

THE DRY GOODS TRADE.

,.

_

coos

OXC10>3S
lo'/ Ic wen

j-JJOMQDtO

lo'l^MOlO
WODtP-V"^

OOXWtM^

NBW YOSK,

Friday P. M., January 17, 1890
The dry goods trade was somewhat less active than expec lied the past week. There was a constant influx of wholesale
buyers from the West, Southwest and South, but their operations were only moderate, owing partly to intervals of very
unfavorable weather. The commission houses continued to
make steady deliveries of spring goods on account of previous
transactions, and there was in like manner a fair movement
in foreign goods from first hands. The jobbing trade was
devoid of animation, and yet a fairly satisfactory distribution
of spring "wash" fabrics, &c., was made by some of the leading jobbers. Prices are generally steady all along the line,
and stocks of domestic and imported goods are exceptionally
well in hand as a rule. Collections continue fair, and the
only important failure of the week was that of Robert K.
Davies
Co. importers and dealers in men's furnishing goods,
whose liabilities have not yet been definitely ascertained.
Domestic Woolen Goods.—The market for men's-wear
woolens was for the most part quiet, the dark, gloomy condition
of the weather having rendered their proper examii.ation next
to impossible, and caused many intending buyers to defer purchases. Some very fair orders for heavy worsted suitings,
cassimeres and overcoatings were received by the mill agents
through salesmen on the road, but personal selections were
light and unimportant.
Spring cassimeres and light-weight
worsted suitings and trouserings were quiet in demand, but
a fair distribution was made by the commission houses on account of back orders. Cloakings and stockinets continued in

1.

The value of the New York exports since January 1 have
been $185,863 in 1890, against $265,705 in 1889,
Staple cotton goods opened quiet, but a somewhat freer
demand by exporters, converters, and jobbers has been developed within the past few days. Prices of plain and colored
cottons are steady and likely to remain so for some time to
come, owing to the small stocks on hand, the firmness of the
staple, and a material curtailment of production caused by the
prevailing epidemic, which has prostrated thousands of operatives in the New England mills. Printed calicoes, sateens,
challies, lawns, ginghams, "wash" dress goods, white goods

buiK
322,,500

200

>

Mississippi...

&

18

789

216

68

............

Total
China, via Vancouver

100

12

102
17

11
33

150

..................

South America

*

"575

25
100

Africa

Week. Since Jan.

1.

165
24

18.411

The visible supply of

In store at—
Hew York

Week. Since Jan.

India

Mexico

1889.

14.

22

China

and

.

Votweek.

TO JAU.

10,460

The exports from the several seaboard ports for tteweek
ending Jan. 11, 1890, are shown in the annexed statement

Do

NBW YOEK

1.

1889-90....
1888-89....

Btohni'd

1890.

66.706
19,480

1,643

1.501.816

136,404

—

DoMESTio Cotton Goods. The exports of cotton goods
from this port for the week ending January 14 were 1,337

157

2,260

80,047

light request, but a fair business was done in wool and
worsted dress goods. Satinets were distributed in considerable quantities, but Kentucky jeans ruled quiet, and there was
a light business in flannels and blankets at unchanged prices.

packages, valued at $87,361, their destination being to the
points specified in the table below:

Bye

BtuKte lb> BtuKSilht Btul).48» Bu.

199.306
110,352
220,229

82.095
87.885
6S.800

..

'90.

OaU.

215.800
60.573
17.939
1,475,515
610,200

4,053
8.641
7.310

.

Olareland.
Bt.Loal8
Peoria

Wn«

Com.

Wheat.

Flour,

[Vol. L,

c o 'J

:>; !-•

to O CO o to
oacs^oi

Mh-tOWQO

tSCODi-'M

to to
to to

ctt»>i-"ncD

es

c

bit.-

COM
Oil-'

oco

too
oi^aitoM

»t».

CJi

-tcaoo
*.bb«b
O^|{>.00)^
CO 00 CD -JO

tOOiMfcOOD

^tOCSCPOS
co<i-gtoo

**an:;»Mto

OiCCOUiX
to to ODX 1-1.36
p^-toxto
QD*k-iT-ibsO

(_. CJ- 1*^

cc

cj to a.

to to 3i

<l CI CO or**.

O

l-»

osxo<no

OiycoHO

CC r- to *3 'O

p«QOWrf»-

to
li-

to^coouco

if>.

to c:

(O

M

oya<iOD

cc
»«^

-.4

M

rf*.

CO

o o a to
ai

o:

tf^

0)

to

Vlto
IM

,

W

->•

179.519 216.276 395,996

c;i

C50
to '-a
CD to

to

^to

to*.

o to

*»>

M i-^~ 10
» *^
x* ^ -^
*

cc

cj

oi

^
I

t^vrv^Ciit^
en QT y>

Mo

I

MtO*».COO

oscbiaoo^, „

co»-K.ba'

J^^»-p W
Vj cob to 00

COtOOGCi-i
1,002.402

136,722 252,729 514,909 447,304

ccotooto

tt*Qoa«Qnp« S.
ocmViccco
c VI M o: ^ •£
toosacooo

blow^rf^
c*;

-b
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