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HUNT'S
MERCHANTS’
MAGAZINE,
REPRESENTING- THE INDUSTRIAL AND COMMERCIAL INTERESTS OP THE UNITED STATES*
SATURDAY, JANUARY 28,1888.
YOL. 46
NO. 1,179.
Week
CONTENTS.
Week
Eliding Jan. 21.
End’q Jan. 14^,
,
THE
CHRONICLE.
Clearing House Returns
115
The Financial Situation
110
Our Marvelous Iron Consump¬
tion
Gold and Silver
Since 1851
119
Produeti
1888.
The Economic Disturbances
122
Since 1873
Our Coal Production
122
New York’s Grain Receipts
During 1887
-n
120
Terms of
Six Mos.
do
i Cotton
(Grain
(Petroleum
do
—14‘8
620,165,451
(904.080)
(2,334.445)
(410,00n)
(20,120,(500)
(-0P7)
(+7W5)
(1,037,580)
(—28 0
H-88’5)
(20,521,052)
(42,35U,U00)
(-37-»S
+o-i
-fio o
+30
+ 20-9
44-8
-+4 0
85,597,370
5,537,200
2,500,907
1,449,005
4 8-(!
1.124 475
4-25-0
1,072,100
1,215,971
(733,000)
(18,039,225)
(54,042,000)
£1 8s.
Pittsburg
Total Middle
Post Olliee Money Orders.
Tuese prices include the Investors’ Supplement, of 120 pages
issued once in two months, and furnished without extra charge to
subscribers of the Chronicle.
82,572,812
4,809,700
1,732,087
1,350.111
007,402
1,421,245
1,050,398
1,110,374
1,277.001
...
Baltimore
Subscriptions will be continued until definitely ordered stopped. The
publishers cannot be responsible for remittances unless made by drafts
(20,15l’,oOu)
82,009,901
5,081.900
1,814,018
Total New England...
Philadelphia
-5 2
075,749,783
Lowell.
11 28
£2 7s.
*
575,1*09,153
SnHr.gfleld
6 10
do
bushels.)
bbls.)
Boston
Providence
Hartford
New Haven
Portland
Worcester
:
$10 20
European Subscription (including postage)
Annual subscription in Loudon (including postage)
shares.)
bales.)
(Stocks
123
Subscription—Payable in Advance
For One Year (inclirdiBg postage)
For Six Months
do.
'.
P. Cent.
1888.
P. Cent.
*
*
New York
Sales of—
Commercial and Miscellaneous
Nows
121
%\u Chronicle.
1887.
802.924
909.510
(-37-2)
(81.8,300 (+149-4)
1-31-7
4-18 2
(-740 2)
+ 18-6
+ V5
■4 O '2
840,380
+141
+28-6
+445
621,505
525,075
95,053,002
93,919,221
4-18
09,400,408
+5-7
01,890,579
11,767,4*4
12,183,911
05,838,219
10,271,275
-00
4-140
+9-2
+41-1
14,714,581
—17 2
02,501,043
18,0(53,012
12,723.507
85,847,914
00,824,075
-3-5
88,280,122
+ 10-4
54,468,(544
11,1*12,350
3,700,380
4,230,420
2,000,005
3,120,8;- 9
2,590,178
1.301,700
2.089, 41
3,094.190
2.440,2X6
3,57-5,820
748.825
48,422,307
4 12-5
455
55.852,131
+13'2
11.583.350
-9-0
3.850,287
4,420.120
2,149,05!
3,05K). 140
2,192,9(50
-006
-8-1
—57
or
Chicago
Cincinnati
Milwaukee
Detroit
London
Ageuts:
Messrs Edwards & Smith, 1 Drapers’ Gardens, E. C., who will take
subscriptions and advertisements and supply single copies of the paper
1
Cleveland
Columbus
Peoria
Omaha
at Is. each.
(WILLIAM K. DANA & Co., PubllHliei**,
102 William Street, NEW YOitlv.
WILLIAM B. DANA.
<
JOHN O. FLOVI).
f
CLEARING
Minneapolis
Denver
exchanges for the week ending Jan,
general character as those for previous
weeks, the exhibit is less satisfactory than the preceding,
since a majority of the reporting cities show some diminution
in the volume of clearings.
The falling oil is most marked,
however, at New York, reaching- over forty-four millions of
dollars, and moreover is accounted for- by a decrease in ordi¬
nary mercantile
transactions to a greater extent than by
lessened stock speculation.
Altogether there are twenty-four
cities that record losses from last week, and the aggregate
decrease in the whole country is $54,540,502. Furthermore
at those points where gains are exhibited they are as a rule
quite unimportant. It should be stated, perhaps, in explana¬
tion of the Western and Southern returns
thaUhey have been
unfavorably influenced the last three weeks by unusual cold
weather and snows which have delayed the movement of
produce. Instituting comparison with the similar period a
year ago, it is seen th it the decline in the total for all the
clearing houses reaches 8 0 per cent, the excess outside of
New York being 3-9 p er cent, and the
falling off at New York
14 8 per cent.
Lar ge percentages of increase are shown at
Grand Rapids 49‘5 per cent, Indianapolis 49 2, Louisville 38*7»
Columbus 35 1, Springfield 31*7 and. Peoria 30 7
percent
Wichita, which at this time last year exhibited such enormous
gains, is now prominent fur its heavy loss. Contrasted with
the week of 1880 the current figures record a decrease of about
9 per cent, but compared with 1885 there is an excess of over
25
are
of the
Total Western
same
St. Louis..'.
St. Joseph
New Orleans
Louisville
Kansas City
1,540,019
-58 8
1,306,098
2,800,605
3,472,728
2.2x3,197
3,532.439
-30
+5-0
+19-2
+20-2
+0-8
+ 12-1
-4 4-4
774.043
+870
807,5(59
—2P8
1,45*9.1(53
248,500
208.110
05,707,384
80,108,303
411-2
98,104,030
10,527,404
10,563.120
1,50(5,034
11,083,: 55
4.781,477
-0-2
—30
4-21 7
4-21-0
17,910,513
1,438,100
18,090,810
6,737,471
0,003,822
2,4»t\000
1,2' 9.274
981,272
-f-Jib' 7
4 0 1
+ 120
+ 19 9
+90
+7-0
+22-4
+0 0
+ 8’f>
4-i-H
7.001,074
0,995,8 19
2,100,000
1,270,941
1,075,(500
2,501,010
1,(591,699
807,355
50,350,600
40,051,314
47 9
49,917,984
+4-2
14,870,204
12,171,098
422 2
10,977,308
+17-7
018,407,853 1,005.424,304
-8-0
972,053,915
-0-8
342.498.200
-t-8-0
352,788.404
4
Memphis...
Total Southern
San Francisco
—15-3
—24 9
—12
—15 8
+236
~
Outside New York
*
320.674.011
8-1
Not included in totals.
We have received this
evening our usual five-day telegraphic
exchanges, and the total for the seven cities exhibits
a decline from the corresponding five
days of last week of
about thirty-six millions of dollars. In comparison with the
similar period of last year there is a loss of 16 2 per cent.
On
the basis of these telegraphic returns the estimate for the full
week ended January 28 would seem to paint to a decline com¬
pared with 1887, of about 11*6 per cent. Messrs. R. G. Dun &
Co. report the number of failures for the week ended to-night
as 317 (208 in the United States and 49 in Canada) against 314
returns of
last week and 271 for the
same
week of last year.
Week Ending Jan. 28.
Week
'
Returns
by Telegraph.
1888,
f
New York
Sales of Stock (shares)....
Boston
Philadelphia
On the New York Stock
Baltimore
Exchange the dealings in shares
cover a market value of
$40,724,000, which con¬
trasts with $117,220,000 for the
corresponding week a year
ago.
Following our usual plan of deducting two-and-a-half
times these values from the New York
exchanges to arrive at
clearings having other origin, the result reached is $459,099,153 this year, against
$382,699,783 in 1887, or an increase of
1.887.
13,056,503
10,105,412
Total, 5 days
ei3.293.*-87
707,738,071
Estimated 1 day
133,228,482
110,80?,430
781,522,300
102,437,228
New Orleans
Endfo Jan. 21.
1888.
P. Cent.
t
-23 1
470.770,480
-18 7
(097,093)
63,730.073
53,078.208
(-63-0)
10,304.14(5
45,217.0U0
—18-5
13.716,250
-2-3
+ 25*1
11.003.332
+y-a
(-00-1
+ 2-0
-f 8'7
-8-5
-j-14-5
■f o 1
-10
-51
+11-8
10-2
073.497.188
-139
—5-0
142,102.270
-+0-0
914,005,501
-14-0
815,509.404
-10 9
84,820 572
+20'8
103,428.147
+14-4
—11*6
909.42*5,073
834,059 507
For the lull week, baaed on lust weex’» return*.
919.027 011
Total full week...
.
Balance Country*
Total week. all..
*
P. Cent.
*
591,230,000
(1,712,080;
03,334,698
45,439,310
9,877,178
30.750,000
13,043,412
8,050,828
St. Louis
i
(082,718)
64,957,246
49,372,847
0,035,027
42,C83,C00
Chicago
for the week
2,01(5.008
3,030,0 4
501,( 02
(5,285
1,278,384
6,631,010
Galveston
Norfolk
percent.
20 per cent,
-3-0
4-35-1
4-30-7
4 20'7
4 115
4210
4-17-8
449 5
05
1,401,802
14.220,840
Total all
4 22-5
-1 40 2
2,227,888
2,774,410
034.534
Duluth*
RETURNS.
While the returns of
21
..
St. Paul
Grand Rapids
Post Office Box 958.
HOUSE
niiinmipolls
10,430,750
4,133,158
3,452,124
1,407,251
3,247.488
1,017.549
..
—
-80-
116
THE
CHRONICLE.
[vol. xlvi.
receipts from the interior of Great Britain of
THE FINANCIAL SITUATION.
The Bank of France
£472,000j
gained £90,000 gold, and the Bank
tendency towards increased ease in money
of Germany, since its last report, shows an
increase of
has been obvious this week, but an influence which we
about £523,000.
have explained below is operating now, and will most
The foreign exchange market has been
dull, tending
likely steady the rates somewhat during subsequent
towards ease, especially for short
weeks.
bills, and there appears
So far as bankers’ balances are an indication oe
A further
call money, the extremes have beert 4 and 1
per cent.
The latter figure was, however, due to liberal
offerings after
the inquiry for the day was over and not much was done
below 2 per cent; the average for the week has been
about 3 per cent, at which renewals also have ruled.
We
do not hear of anything done by the banks on call below
4 per
cent except on Government collateral, but there is
abundance of money ready to be put out at
Time loans are also lower.
Trust
an
that rate.
companies and other
loaning
months
institutions
on
have
made
first class collateral
renewals
at
four
at
4
per cent,
Some of the banks
at
and
4^ per cent at 6 months.
have,
we understand,
accepted good mixed collateral for the
shorter date at 4£ per cent,
and 5 to
per
cent for six months.
There are other banks, and they
are
among our most conservative institutions, which have
refused to loan anything on time
except to their custom¬
ers, preferring to get what rate they could on call.
This
disposition has been one influence tending to depress call
money. But on the other hand the demand for loans on
time is very limited, the
feeling that money will continue
very easy through the summer being widely prevalent
This condition is expected to follow the
depression in the
iron trade, the check to railroad
expansion and a conse¬
quent diminution in the volume of transactions in other
departments of trade.
assume so
It
seems
to
us a
little
many unfavorable circumstances and then dis¬
The rapidity and ease with which some of
best railroad
corporations have been able to place
large loans the past few weeks, and the large sales
of bonds
now
in
progress—if
can
we
accept
these as a sign of a
general movement and of a
more
liberal
market
for
new
loans
in
prospect,
the
present
anticipations with regard to railroad building
might by no means be realized. Besides, so far as the
money market is concerned, if the Treasury should absorb
two millions of
currency a week, as we have explained
below, the present stagnation must have a limit. Com¬
mercial paper is in fair demand and there is
but not in excess of the
a
good supply
of
demand.
Within the
past two days offerings of sight sterling have been com¬
paratively liberal. These are said to consist of bills drawn
against purchases of bonds for European account. Still,
bankers claim that if the
inquiry for them had been at all
they would have been readily absorbed. There is
reported to be an absolute dearth of commercial drafts of
any kind and the arbitrage houses are doing so little busi¬
ness that their
oparations make no impression upon the
market.
There is nevertheless a pretty
large and steady
flow of the better class of bonds and stocks to
Europe, as
we learn from bankers
dealing in them, and this is a nat¬
ural result of the very easy
money and large amount of
capital seeking investment in Europe. Mr. Switzler, of
the Bureau of Statistics, has this week issued the
foreign
trade figures for December, and we notice that the net
merchandise balance for that month was
larger than we
anticipated, being over 21 millions, which, with the net
exports of silver added and the net imports of gold
deducted, would make the balance on the entire trade
active
about 22 million dollars.
The statement for the year
FOREIGN TRADE MOVEMENT
OF THE UNITED
Merchandise.
Excess
*Ytar.
1887.
Jan....
Feb
...
March-
April..
May...
June..
July...
Aug...
Sept...
Oct....
Nov....
Dec.....
*
71,534
54.777
65.317
47,568
43,2%
47,958
49,393
55,422
55,256
76,033
75,593
73,231
*
51,951
59,156
62,894
63.581
58.666
61,232
56,593
65,734
56.018
60,963
59,919
52,100
1
19,583
*4,379
2,423
*16,013
"15.430
*13,274
*7,197
*10,312
STATES— (000s omitted.)
Gold.
Im-
Exports. Importa. of Ex¬
ports.
ports.
-
Ex-
ports.
$
3,536
S
629
144
1,677
578
2,445
829
1,494
Silver.
Excess
1
2,907
'+1.533
11.867
+1,105
904
297
607
505
620
+ 115
2,178
5,979
*762 14,089
15,070 12,890
15,074 1,953
21,131 ! 1,805
496
242
176
312
*
390
478
Ex-
715,321 708,807
713.404 663.429
It will be
Im-
.of
ports. oorts.
Imports.
1,682
5,737
13.913
12,578
1,503
1,327 ;
$
1,915
2,351
1.654
2,647
1,925
1,748
2.008
2,058
2,779
2,388
2,527
3,533
6,514 144,890 1 9,250 ! 35,634 27,533
49,975 '41,309 41,283
20 27,056
688,250 587,869 100381 23,645 11,417| 12.228 33,281
749.366 629,262 120104 27,958.40,948 +12.990 29.564
Excess of imports.
t Excess of exports.
1887.
1886.
1885.
1S84.
*
is
follows.
as
earlv to
count them.
our
to be almost an entire absence
$
1,194
1,332
1,218
1,417
1,384
Excess
of Ex¬
ports.
1
721
1,019
436
1,230
641
982
766
1,335
673
1,718
1,462
1,450
1,784
1.496
340
1.317
938
743
2.037
16,772 10,761
17,223 9,833
17.773 15,508
15.505 14,059
by the above that on the trade for the
inquiry. We quote 60 to 90 day twelve months there is a net merchandise balance of only
endorsed bills receivable
4J@5£ per cent, four months $6,514,000 and of silver $10,761,000, and yet we imported
acceptances 5 to
per cent, and good single names $35,634,000 net of gold.
having four to six months to run at 6 to 7 per cent.
We notice that several prominent lawyers
representing
At London and at the Continental centres of trade the
bar association have had a
hearing before the House
money also remains very cheap. The dearest open market Judiciary Committee this week in favor of a liberal
ate is at Paris, where it continues at
2f per cent. This increase of the salaries of United States District Judges in
probably is due to the late excessive speculation there, New York. It would not seem as if, with our
overflowing
especially in mining shares, confidence since the failure of Treasury, much argument were needed, after
stating that
hi. Kaltenbach not being fully
restored. At London the the amount paid is now only four thousand dollars a year,
discount rate for 60 days to 3 months bank bills is to convince the
committee.
Nor can we think there
If to 1^ per cent, with
the
Bank
minimum would be any difficulty in effecting the reform were it not
unchanged at 3 per cent. At Berlin the rate is that it raises the whole question of the
inadequacy of the
H per cent. The low rates are favorable to loans pay of so many Government officials.
Going into the
and are apparently
being taken advantage of. Hungary, business of salary raising as a preliminary to a presiden¬
it is reported, has
arranged for an issue of £15,000,000 tial election would be unpopular—that will be the objec¬
in gold rentes, and
Egypt for a loan of £4,000,000. It tion, perhaps unspoken, but hardest to overcome. Yet
is quite an
interesting study to read the new company is not that view a very narrow view and incorrect as
proposals in Great Britain ; they sound more like a well? Where a salary is
clearly insufficient every man
romance than like
anything in real life. The Bank of who has not an independent support is either shut out
England reports a gain of £662,000 bullion during the from the offioe or merely uses it as a
stepping stone to
week ; this, a private cable to us
states, was made up something better. Obviously then the existing condition
by an import, in part from Egypt, of £190,000, and by s against the poor and in favor, of the
rich, and th >
,
seen
January 28,
1888. J
THE
CHRONICLE.
L17
change if understood ought to be and we think would be large sum to be disbursed by them by and by, and, as
every one knows, calls for skill in managing that part of
well received by the general public.
the
A further harm
insufficiency of salaries is doing is the problem. It was because we had confidence in Mr.
the Government service. This is suggested and illus¬ Fairchild’s methods that we have felt and expressed per.
trated by the election of the new officers of the Western feet assurance in his accomplishing it without the least
National Bank last week. As is well known, Mr. C. N. disturbance to business interests. The operation would
Jordan, who then became the President, was only a short naturally occur the latter part of the summer, for
time sirce the Treasurer of the United States, while Mr
by the first of July we must presume that Congress
Charles J. Canda, who became Vice-President, was at the will have completed its legislation, the surplus will be
time of his election Assistant-Treasurer of the Uuited stopped and the method of employing past accumulations
States.
When in the employ of the Government, be determined. Now, suppose the forty or fifty million
although responsible for the many millions of money in dollars which are likely to accumulate between Feb. 1 and
their charge, and required to give bonds for its safe the beginning of the new fiscal year could be got into
keepii g, yet their respective salaries were for the Treas¬ bank and were put there, making the total so held over
100 million dollars.
In the present condition of money
urer only six thousand dollars and for the Assistant.
Treasurer four thousand dollars. Such talent and character the effect would undoubtedly be to stimulate specu.
as tie Government needs for those positions brings
a lation; and after that had been done and the expansion
much higher price in this market, and though for a longer of credit was at its height, and just about the time the
or shorter period according to circumstances the possessor
crop movement began, the disbursements by the banks
The mere statement of these
of the requisite qualities may be retained, the drift all the would have to be effected.
facts
time sets steadily away from a service which so noto¬
proves the wisdom of the Secretary's present action.
As
large a sum as can be conveniently accumulated in the
riously underpays nearly all of its leading officers. Were
it not that this changing tendency lowers the efficiency Sub-Treasury during ensuing months, is clearly desirable.
to
and otherwise acts to the detriment
of the service itself,
It is not needed in the channels of
would hot object to a
commerce—on
the
con¬
feature in the working of the trary it would do harm in the money market now; but if
Bystem which serves to enrich our banking circles. Gov- held in the Treasury and disbursed concurrently with the
ernment employment generally results in making men disbursements by the banks, every one can see that, com¬
conservative, and hence while Uncle Sam educates and ing on the market at a time when money will be in
then loses, our Clearing House organization receives no demand to send to the interior for crop purposes, the
little strength, as may be seen in the many notable addi¬ whole operation would prove one of decided relief to the
tions from that source of late years.
market instead of disturbing it.
The excellent condition of the anthracite coal trade
Deposits in depositary banks nave now about reached
their limit.
As made up on the first of February these during 1887, and the large profits accruing to the com.
holdings will, we have reason to believe, show a total of panies engaged in the trade, are reflected in the very
very nearly 58 million dollars.
At about that point the favorable annual statements issued this week by the
item will probably be kept through the summer.
This Delaware & Hudson and the Delaware Lackawanna &
change of policy, if we may call it such, is obviously due Western companies.
Neither of these companies is
to several causes.
In the first place the need which gave engaged in the
mining of Lehigh coal, and hence neither
rise to the increased deposits no longer exists.
from
has
suffered
the strike in the Lehigh region.
The plan
On
was entered
the
upon when the money market was stringent
contrary, both have been benefitted by that strike,
and when the extracting of two millions a week by since its effect was to stimulate the demand for coal from
Treasury operations would have disturbed business; their own region, the Wyoming. Hence, while getting
it stops now 'when the market is very easy and a
very much better price for their product, they were at
when
the
same time enabled greatly to enlarge the output.
currency is
accumulating (and for a time
The
promises to accumulate) so rapidly that the want latter, however, followed not alone from the strike, but
which gave occasion for the order is more than satisfied. in
large part also from the great industrial activity that
A further explanation of the change is, that rates for has
prevailed. As a result, the returns now submitted
show
that the Delaware & Hudson earned 11£ per cent,
money have fallen so very low that it is doubtful whether
the Secretary if he desired could keep out any greater and the Lackawanna 11*97
per cent—in both cases after
Bum on Government
bond security than is now thus
charging considerable amounts of improvements to operat¬
placed. Already we know of over a million dollars of ing expenses.
these deposits which have been returned to him, and
The Delaware & Hudson statement is deserving of
very
many more banks have had it in contemplation to do more than a passing notice. The return is unusually
likewise. To understand the situation fully, it must be complete, and we have been favored with an advance
remembered that on Governments (the only security a
copy of the same, copious extracts from which appear on
bank will put these moneys out
on) rates are peculiarly another page. In this report, too, the management
depressed, being so low for time money that it has not announce their intentions with reference to the rate of dis¬
been thought desirable by our banks
holding these funds tribution in the future. The dividend is to be increased to
to renew the loans to their customers
except on call, and 6 per cent per annum, and at the same time they “pro.
the return for call money on Government collateral is so
pose to appropriate, from time to time, from the surplus
or dividend fund, amounts not to exceed in the aggre¬
extremely small, not over one and a half per cent, that it
does not pay for the trouble and risir. Hence even if the
gate 25 per cent of the $5,500,000 of bonds to be
Secretary wished to increase the deposits, it could not be retired during 1891, and to credit such appropriations
done in first-class banks of at least any Eastern
as cash payments on the stock
city.
to be issued therefor to
But there is still another good and obvious reason
“
stockholders
of
record
at
the
time
when notice is given
why
the Secretary, under the
circumstances, may for the time « of their right to subscribe.” This we understand to mean
being suspend his order. With the 1st of February the that stockholders will be allowed to take the new etock at
total held by all bank
depositaries will be as stated prob¬ 75, its selling price new being 110. Tno position of the com *
ably a little less than 58 million dollars. That is clearly a pany would seem to be an unusually strong one. Loth
we
“
“
“
THE CHRONICLE.
118
the gross and net earnings are much the largest
reached in the company’s history, the gain over
ever
the
previous year in the case of the former being $3,588,778
and in the case of the net $1,623,062.
Looking at the
details of the gross receipts we find that the gain comes
chiefly from the increased sales of coal, though the rail
road department also shows a heavy gain.
Thus the coa
receipts increased from $6,958,149 in 1885 and $7,081,
842 in 1886 to $9,951,163 in 1887,
and the railroad
The
*
An examination of the
figures for the full
year reveals
prominent part increased expenses have played in
Thus the gross of the Eastern system
foots up $55,671,304, being decidedly the largest total
ever reached, and over 5£ million dollars larger than the
But the net has increased only $825,246,
year before.
and falls three quarters of a million short of the total in
1883, when the gross had been 4£ millions less. Still,
the exhibit is quite satisfactory.
The Western lines have
done better than the Eastern, and on the combined system
the improvement over 1886 is nearly two million dollars
and over 1885 it is nearly five million dollars, though the
1887 result does not quite approach that for either 1883,.
what
a
the 1887 accounts.
and $8,239,747 to $9,189,974
tonnage was enlarged nearly a million tons
during the year, that from its own mines having increasec
from 3,499,727 to 4,063,586 tons, and the tonnage trans
1882 or 1881.
ported for others from 638,071 to 983,701 tons. As
The stock market, which early in the week had a rather
already said, expenditures for betterments have been
uncertain look, owing to the continued depression of the
charged directly to operating expenses and not to con
Gould properties, has latterly developed considerable
struction ; nevertheless, as we have seen, the company
Tne indica¬
earned nearly 12 per cent on its stock, and moreover strength, and also shown increased activity.
tions are that a determined attack was made on the mar¬
at the end of the year held $3,663,840 of cash on hand.
receipts from $7,455,450
1.
[VOl*« XL\ I,
coal
conspicuous illustrations this week
of unfavorable exhibits of net earnings for recent months,
in the f^ce of increasing gross.
The Northern Central
for instance for December reports gross earnings increased
from $457,809 :o $490,286, but expenses were augmented
from $294,305 to $503,242, so that the result of the
month’s operations is a deficiency below expenses of
$12,956, against a surplus in the same month of 1886 of
$163,504.
For the twelve months, though gross
We have had
some
ket at the close of last and the
beginning of this week by
operators for a decline, and that thi3 raid was unsuccess¬
But
ful, stocks being apparently very strongly held.
the main reason for the
better tone seems to be
found in
the increased
demand
for
bonds, the
theory
being
that
the bond market
are
activity
higher
and
prices in
merely the forerunners of the same
demand for
bonds is certainly a prominent feature of the moment.
It is seen not alone in the dealings on the Stock Exchange,
increased
$738,309,
has fallen off $61,232.
net
but in the takings of large new issues by powerful syndi¬
The Central of Georgia for the month reports a gain
cates and in the offerings of the same to the public.
In
of $14,141 in net, but the gross had increased $94,605.
addition to the Northern Pacific loan and the negotiation
In this case, however, it is plainly stated that expenses
of Atchison bonds, previously announced, the Chicago
include u betterments.”
The Wabash (Eastern Lines) hag
only just reported the November figures; as against a gain Burlington & Quincy has this weekplacsd eight millions
of new bonds, and the Manitoba is also out with some
of about $9,000 in gross earnings, expenses have increased
new
issues, while two millions
of bonds are
$50,000, so that the net is reduced $41,000. The Chicago
offered on the Cleveland & Canton for
St. Louis & Pittsburg on gross for. December increased being
the
purpose
of changing the gauge of that
$54,000, has a loss of $3,000 in the net. On the Erie
Moreover, the long list of offerings
a
gain of $36,000 in gross is followed by a loss of $87,000 road, &c.
in the advertising columns of the papers is evidence of the
in the net. In fact, poor exhibits of net for recent months
great confidence which leading bankers feel in the invest¬
S6em just now the rule, though the explanation is obvious
and well known to our readers.
For the full year, the ment demand for this class of security. At the same
showing is in most cases quite satisfactory, owing to good time, if current reports are to be believed, the Pennsyl¬
vania and the Burlington & Quincy have latterly placed
returns in the eailier months.
The Pennsylvania has also issued its December state¬ some heavy orders for steel rails, giving a some¬
what
the iron
improved tone to
trade. On
ment, and it is of the same character as its returns for
previous months and the same as the exhibits of the top of all this, we have had the very favorable
annual statements cf the Delaware & Hudson and
the
roads referred to above, some of which indeed are oper¬
ated in its interest.
On the Eastern system there has Lackawanna, and hence it is not surprising that the stock
been an addition to the gross for the month of $464,738} market should latterly have shown considerably increased
but as the expense account was enlarged nearly half a- strength, and that prices should have closed yesterday
The weather
million dollars ($481,025) the net shows a diminution of pretty generally higher than a week ago.
has been rather severe, and the effects- are seen in dimin¬
$16,287. In 1886 expenses had also been increased very
ished earnings for recent weeks by many leading lines.
heavily, so that while in the two years the gross in that
month has been enlarged $84 6,272, the net has been added There have been no new developments in connection with
the Reading strike.
Money continues easy and the return
to only in the sum of $22,694. On the Western system the
exhibit is a little more favorable, but the tendency has flow of currency from the interior is very heavy.
The following statement, made up from returns collected
been the sam<>.
by us, exhibits the week’s receipts and shipments of cur¬
Lines East of
1S82.
1884.
1883.
1880.
1S87.
1885.
PlTTSmJKO.
rency and gold by the New York banks.
$
$
*
December.
i
«
1 1 *
conditions in the stock market.
The present
1
J
dross earnings
4,832.951
4.428.210
4.043,082
3,709.328
Operat'g expenses.
3,011,050
3,<»30,u34
2,687,481
2,073,09.'
Net earnings...
1,398.18: |
—15,435
1,359,201
1.09
Western lines
1,381.890
+ 90,50.
Result
1,472,480
1,3-83,047
1,431,418
j +72,217
3.840.510
4,157,109
2,057,282 .2,972,316
i,230j 1.183.2281 1,184.873
—130,701
—29-, 134
—10,984
965,169
885,09 i
1,107,869
Jan. 1 to Dec. 31.
55+71.304 50.379.038 45,615,027 48,566,911 51,083,214 49.070,82(1
Operat’g expenses. 37.08'i,570 32,0 9,580 29,479,758 30,527,009 31,747,143 30,647,399
Gross earnings
10,135.209!
! 7,759.4"2
18,039,902 i9.330,lOl 18,432,427
Net earnings...
4-1300.100! +21 5,788 -1092,974! -801,892 +812,009 -1-1894.300
Western lines
18.5^4.728|
Result
19,944.828'17.905.270 15,042,295117,178,010
20,148,770 20.S26.727
Week ending January
Currency
27, 1883.
.:
Received by
j SU
pp
N. Y. Ranks:X. \.
dby
Ranks.
Net Interior
Movement.
14,070,000
$ 5 12.000
Gain.
*4,ICS,000
14,070,000
#5+2,000
Gain.
#4,108,000
Gold
Total gold and legal
tenders....
changes in the bank holdings
gold caused by this movement to and
In addition to that movement the banks
The above shows the actual
of currency and
from the inteiior.
have
gained $600,000 through the operations of the
Sub-
tjt
January 28,
THE CHRONICLE.
1888.J
119
Adding this item to the above, we hav6 the 821,878 tons, or about 13 per cent. But it must be remem¬
bered that in comparing with 1886 we are comparing with
following, which should indicate the total gain to the New
York Clearing House banks of gold and currency for the a year of very heavy production—decidedly the largeat
week covered by the bank statement to be issued to-day. ever reached in our history up to that time—and that the
It is always to be remembered, however, that the bank present increase of 821,878 tons follows an increase of no
statement is a statement of average* for the week, whereas less than 1,835,459 tons in that year, so that in two years
Treasury.
figures below should reflect the actual change in the
condition of the banks as between Friday of last week
and Friday of this week.
the
we
have added
tion for 1387
it
was
2,657,337 tons to the output, the produc¬
thus being nearly 60 per cent greater than
two years
before.
As
intimated, however, there is another item to bo
We refer to the imports.
These
Gain$4.108.0001
1563.000
have
been
flanka’ Interior Movement, as above 14,870,000
increasing concurrently with the production,
Gain..
6,200,000
5,600,000
600,000
and for 1887 were on an exceedingly large scale.
We
Gain..$4,708.000
I6.182.O00
$10,870,000
Total gold and legal tenders
have not the exact totals for the year, as the Bureau of
The Bank of England gained £662,000 bullion dur
S.atistics has not yet issued its import statement for Daing the week. This represents £190,000 received from cember, but for the eleven mouths ending November 30
abroad, and £472,000 from the interior of Great Britain. we had imported of the various forms of iron and steel
The Bank of France shows an increase of 2,250,000 francs.
Week ending January
Out
Into Banka.
27,1888.
of Banks.
Net Change in
Bank. Holdings.
taken into the account.
•
...
(including tin plates) 1,691,618 gross tons or 1,894,612
gold and of 400,000 francs silver, and the Bank of Ger net tons.
During D.-ce aber wa probably imported
many, since the last report, has gained 19,740,000 marks
100,000 gross tons more, and this would raise the
The following indicates the amount of bullion in the total for the
year to above two million net
tons.
principal European banks this week and at the correspond¬ In the twelve months of 1886 the imports were
ing date last year.
only 1,230,393 tons and in 1835 but 647,895, so that
|
Silver.
Gold.
besides the increase in
January 27,1887.
January 26, 1888.
Banks of
Gold.
Total.
lotal.
Silver.
...
£
£
21,337.380
£
20,830,109
France
43,889,163 47,404,658: 91,293.821
48,697,010 45,516,370
Germany*....
Aust.-IIung’y
21,043,650 18,061,350 39,705.000 19,087,950 16,927,050 30,015,000
Netherlands..
13,616,000
England
£
£
£
6,910,000 14,578,000 21,488,000
4,071.000 8.190,000j 12.261,000
4,028,000
2,685,000 1,343,000
6.983.000 1,118,OOOj 8,101,000
Nat.Belgium*
National Italy
20,630.109
6,481,000 14,00.1,000
5,498,000 8,118,000
2,739.<X)0 1,370,000
965,000
7,277,000
94.213.360
20.489,000
4,109.000
8,242.000
Tot. this week 106,919.173 yl,295,008 198,214,181 110,612,069 86,1*02,426 197,514,495
Tot.prev.w’k. 105,451,918 90,649,84311*6.101.761 109,551.704 86,325,706 195,880,500
Tlie division (between gold and silver) given in our table or coin and
bullion in tbe Bank of Germany aud tlie Bank of Belgium is made from
the best estimate we are able to obtain; in neither case is it claimed to be
aocurate, as those banks make no distinction in their weekly reports,
production there has been an
imports in the two years in the farther amount
of 1,360,000 tons.
Allowing now for the changes in the
stocks left in makers’ hands between the beginning and
end of the year, the following is the result we get as to
consumption for the last three year. We should say that
strictly speaking the whole of the imports cannot properly
be classed under the head of pig iron, since some of the
increase in
articles
*
merely reporting the total gold and silver; but we believe the division
we make is a close approximation.
Note.—We receive the above results weekly by cable, and while
not all of tlie date given at the head of the column, they are tLe
returns issued nearest to that date—that is, the latest reported ligures.
Assay Office paid $263,422 through the SabTreasury during the week for domestic bullion, and the
Assistant Treasurer received the following from the Cus
The
form ;
(steel rails, for instance) are of a much higher
obviously, however, more than a corresponding
amount of iron has
been consumed in their
production,
and hence we are not overstating the case by including
ihem on an even basis.
Exports we disregard altogether,
because they are insignificant.
Tons
Stoch of pig
!
of 2,000 lbs.
beginning of year
Production during year
1887.
Consisting of—
Date.
Duties.
Gold.
Jan. 20.
“
21.
“
23.
«
24.
“
25.
“
$520,129
211,222
357,151
680,406
613,920
21
26
92
u. s.
Gold
Silver Oer.
Notes.
Oertijic'8.
ti/i cates.
$4,500
$45,000
$402,000
$67,000
2,000
23,000
178,000
38,000
2,OoO
45,000
67,000
66,000
61,000
254,000
522,000
507,000
54,00 j
87,000
66,000
379,000
46,000
$310,000 $2,242,000
$3 >8.000
Consumption of homo pig
Imports of iron and steel
Total consumption, tons—.
*
December imports
416,512
1885.
0,305,328
593,000
4,529,860
337,(517
-0,781,810
252,704
5,122,869
416,513
7,102,293
6,529,18(5
4,700,357
*2.007,000
1,230.393
6-17,895
9,109,298 I 7,759,529
5,354,253
tom House.
Stock end of year
1880.
252,704
7,187,206
estimated.
‘
4,000
31
22
2,500
26.
493,270 48
4,500
Total..
$2,936,103 40
$19,500
Included in the above payments were
$8,500 in silver
coin, chiefly standard dollars.
OUR MARVELOUS IRON CONSUMPTION.
One does not get a full
for iron in 1837, or of
idea of the extent of the demand
the expansion that has occurred
during the last two years in the demand, from figures of
production alone. The Iron and Steel Association at
Philadelphia has published its statement showing the out.
put of pig, and a wonderful story it tells. But only
when, by the use of these figures and others, we learn the
actual consumption, do we really appreciate what a vast
amount of iron, in one way or another, was used up in
this country in the lato year and how great the increase
Thus in the
late
year
the domestic demand absorbed
9,100,000 net tons of iron, this being an increase on
1885 of 3,755,041 tons.
Tbe increase alone is larger than
our entire annual production previous to 1880.
We have
over
compared with 1885 the production had in_
creased neaily 60 per cent, but the consumption, accord,
ing to the above figures, has in the sarno interval increased
over 70 per cent.’
In the increase in the manufacture of
Bessemer steel rails from 1,074,607 tons in 1885 to
2,295,594 tons in 1887, we have a chief contributing cause
to this enlarged consumption of iron and steel.
It will be
noted that notwithstanding the heavy production and
imports, stocks of domestic pig in makers’ hands at the
end of the year, though somewhat larger than in the pre¬
vious year, were yet very light, being only 337,617 tons—less than 5 percent of the entire production for the year.
In 1875, with the production only 2,266,581 tons, the stocks
seen
that
stood at
as
760,907 tons.
We have
room
for but
one
other remark, and that bears
the sources of our home production. It, is popularly
Starting with the production, we find that the quantity supposed that the Southern States have greatly increased
of pig ruined out in Ih'ST was 7,187,206 net tons of 2,000 their output—at least tint is ttn expectation encouraged
pounds. As compared with the previous year tins does by the reports ot new furnaces oaiag oui’.t in that section,
aot show any yery striking expansion, the increase being it appears, however, that a3 yet the addition to the supply
was over
other recent years.
upon
CHRONICLE.
THE
120
n
[VOL. XLV I,
\
r ;■
Thus, in the nine principal following amounts. For comparison we add a column to
producing States of the South the production in 1887 was show the United States Mint estimate for gold and silver
929,436 tons, being an increase of only 54,257 tons over for the same years.
in that way
has been small.
1885. In the same two years
the production of 'the whole country increased 2,657,337
tons, as already stated. Not unlikely, however, the South
will make a much belter showing another year.
1886 and
216,601 tons
over
PRODUCTION OF PIG IRON BY STATES.
Tons of 2,COO lbs.
1887.
1886.
1885.
1884.
1883.
1882.
South’n StatesAlabama
Tons.
Tons.
Tons.
Tons.
Tons.
Tons.
292.762
175,715
Tennessee
250,344
227,438
103,782
161,199
69,007
37,553
32,924
17,209
1,843
134,507
55,231
45,052
42,655
27,342
5,140
172,465
152,907
133,963
112,765
87,731
137,602
73,220
4,383
B,640
283,859
156,2 0
199,166
98,618
54,844
46,400
30,502
3,250
2,200
189,064
Virginia
1,790
435
929,436
875,179
712,835
057,599
West Virginia..
82,311
Kentucky
41,907
Georgia
40,947
37,427
Maryland
Tatr*
North Carolina.
Total
157,483
88,308
98,081
83,711
87,406
60.409
54,524
1,321
45,973
37,404
48,756
3,000
1,150
800
577,275
471,540
45,304
49,153
2,381
Pennsylvania.. 3,684,618 3,293,289 2,445,496 2,38* 402 2,638,891 2,449,250 2,190,786
Ohio
975,539 908,094
553,963 567,113 679,643 698,900 710,546
New York
296,572 233,618 100,157 239,480 331,964
410,150 359,519
New Jersey
172,554
157,886
73,607
82,935 138,773 176,805 171,072
Illinois
505,453
501,795 327,977 327,568 237,657 360,407 251,781
Michigan
213,543
190,734 143,121
172,834 173,185 210,195 187,043
Wisconsin
133,508
65,933
52,815
51,803
24,632
85,859 102,029
Missouri
138,643
74,523
51,408
60,C43 103,290 113,644 109,799
All others
77,340
64,277
36,613
43,818
92,410
89,625
86,819
....
Grand total. 7,187,200 0,305,"28 4,529,869 4,589,613
Lead.
1884...
$6,831,091
1885...
8,562,991
1886...
1887...
8ilver.
Copper.
Mint estimates.
Gold.
Silver.
Gold.
$6,066,252 $43,529,025 $25,183,567 $48,800,000 $30,800,000
7,838,036
44,516,699
26,393,756
51,600,000
31,800,000
9,185,192
9,270,755
52,186,851
29,561,424
51,000,000
35,000,000
9,031,073
10,362,746
50,833,884
82,500,007
49,500,000
38,000,000
Tons.
60,522
42,440
54,629
699,200
1881.
Mr. Valentine’s estimates.
5,140,972!5,178,122
4,641,564
A year ago we quoted Gen.
that in 1888 Alabama, Georgia
The last line in the
above, giving the totals for 1887
estimates,” are not estimates of
the Mint, but simply Mr. Valentine’s figures for 1887
with changes similar to the usual differences between the
under the head of “ Mint
Mint
estimates
and
Mr.
Valentine’s
estimates.
For
instance, Mr. Valentine has given the gold for the previous
three years at just about 5£ millions less each year than
the Mint figures, which are prepared some months later*
This fact is disclosed by the above statement, and establishes a relation between the tvo authorities, which if
continued this year will make the gold aggregate
say
$38,000,000 for 1887. There is, therefore, no authority
whatever for assuming that the Mint total will be so
large, except so far as a presumption lies in favor of the
Willard Warner as saying
continuance of a relation in the results of two methods
and Tennessee would pro¬ that
has existed three years.
duce 1,500,000 gross tons of iron, equal to nearly 1,700,But whether 38 millions will be reached as the Mint’s
000 net tons.
According to the above these States pro¬
estimate of the year’s gold product or not, there can be
duced only 584,053 net tons in 1887.
If Gen. Warner’s no
doubt in the light of Mr. Valentine’s returns that the
expectations shall be realized, we can doubtless dispense
Mint gold results when made up will at least be
larger
with any foreign imports the coming
year, even if business than in
1886,
and
the
that
silver
product is likely to be
should revive.
smaller.
In other words, does it not look from these
GOLD AND SILVER PRODUCTION SINCE 1851. disclosures as if a point had finally been reached at which
the demand for both of these metals was
materially
gold and silver production of the United States
affecting production. So far as gold is concerned the
for 1887, as made up by Mr. Valentine, of Wells,
Fargo
of least yield was 1883, according to the Mint
year
& Co., was issued at the close of last week. It shows that
when its estimate was 30 million dollars, and
1884
though mining, like all other industries, has been active
according
to
Mr.
Valentine
when
his
estimate
was
a
little
the past year, the outturn for silver is less than the similar
over 25 millions.
Since then the annual gold product has
total issued by him for 1886. The gold he
gives ‘ for the
8hown a constant growth as evidenced
States and territories west of the Missouri River ” at
by both authori¬
ties.
As to silver the case is not so clear, for the
yield
$32,500,067, against $29,561,424, and the silver at
has been increasing all the time until 1887.
the
fact
But
$50,833,884, against $52,136,851. The statement in full
that there should have been a falling off
during a twelve»
(which includes arrivals from British Columbia and west
months of so great business
activity as the last is signifi¬
coast of Mexico, and covers
gold, silver, lead and copper),
cant ; and what makes it of still
is as follows.
greater significance is
We add for comparison Mr. Valentine’s
that the decline has come in the face of an
statements for previous years.
enlarged pro¬
duction of the co-existing metal
gold, leaving the inference
PRODUCT OF GOLD, SILVER, LEAD AND COPPER.
that mines producing silver
wholly, or most silver and
States and Territories.
1884.
1885.
1886.
1887.
least gold, are rapidly reducing their output.
$
•$
$
With regard to the gold and silver production of the
$
California
15,272,988 15,036,672 14,690,385 13,662,923
The
Nevada
Oregon
Washington
Alaska
Idaho
Montana
Utah
'Colorado
New Mexico
Arizona
Dakota
8,888,931* 9,213,121
555,167
607,40-.
70,125
109,050
115,014
251,000
3, '42,177 4,423,356
11,862,000 14,224,512
7,389,836 8,926,734
20,233,749 21,372,000
3,660,614 3,825,763
7,056,379 6,595,146
2,986,8 17 2,726,623
2,554,400 2,261,044
787,719
608,834
9,169,920
703,217
164,694
444,975
7,733,500
20,840,0 O
8,631,595
25,< 00,000
10,232,153
950,000
160,000
609,000
world
there
reviews.
and
So
is
not
very much to add to our previous
much is being published on these matters
many statements are
being put out, that we should
attempt to contribute anything, did we not think there
23,293,000
3,821,871
4,229,231 were errors in many of the current estimates.
It is ex¬
6,103,378
5,771,550
tremely
authorities
so
surprising
that
should
differ
2.856,687
3,058,605
widely
Mexico(\V.CoastSt’t< s>
2,10^,694
762,035 with
British Columbia
regard
to
the
world’s
present
742,845
production of gold and
556,154
84,975,954 90,181,260(103,011,761 104,645,959 silver.
Uncertainty in the earlier years when the large
discoveries were being made, would not be
The gross yield for 1887, shown
at^all remark¬
above, segregated, is
able;
no records were kept then, the results being almost
given approximately as follows.
Cold
(31 61-100 per cent)
wholly estimated and well tinctured with the exaggera¬
$33,074,022
Silver
Copper
Lead
(49 29-100 per cent)
( 9 90-100 per cent)
( 9 20 100 per cent)
,578,118
10,302,74 0
9,031,073
Total
and
$104,045,959
figures include, as staged, “ British Columbia
receipts by express from the West Coast States of
Mexico.”
States
Deducting these
we
have left for
production in the “States
and
i-
the United
territories
the Missouri river 5 for the four
years
?
7,637.730
51
All these
“
8,240,000
25,483,275
west
of
so
not
tion incident to such
surroundings. The data given out
officially for our own country at that time is good illustra¬
tion of this statement.
But why estimates of
production
now,
that bear evident marks of the purest romance,
incorporated into statistical tables we cannot-
should be
understand.
Silver is the metal the
yield of which is at present being
given above the chiefly exaggerated:' For instance, take the’ silver
pro-
January 28,
duction of South
and Central America (exclusive of Mexico),
general estimates put it at about 8 million pounds
sterling, nearly 3£ million pounds of which are credited
to Bolivia alone.
If any one will examine the Eoglish,
French and American foreign trade figures (the three
countries through which the commerce of the South
American continent is almost wholly transacted), he can
find no trace whatever of this eight million pounds sterl¬
ing—America some years nets a few hundred thousand
dollars from that source, England a little more and France
generally less than either. The commercial world there
fore receives substantially none of it, and the currencies
of the countries credited with the production do not show
it. Hence, it becomes those who claim to have discov¬
ered this large contribution to the world’s annual supply
of silver tp give some evidence indicating where it goes
or what is done with it, and in default of evidence on
that point to keep it out of statistical tables.
In preparing the following statement of the world’s
production of silver we have allotted to every country the
highest yield which, according to our belief, there is the
the
17706565888111
34054987811
least warrant for.
The record is
as
below since 1851.
WORLD’S SILVER PRODUCTION.
1
1
!
United
Silver.
States.
j
£
'
2
Mexico.
3
4
Germany.
All other
eountrie s.
4,185,405
10.330
£
£
£
10,330:
439.438
5
Total.
£
3,255,818
7,890,991
4.185.405
439.438
3,255,818
7.890.991
10.330
4,185,405
439,43-
10.330 i
439 438
7.890.991
7.890.991
1855
10.330
4,185,405
4,185,40
3,255,818
3,255,818
3,255,818
7.890.991
10,330
4,041,322
555,124
10, <30
4,041,322
4,041,322
4,041,322
4,041,322
555,124
103,306
20,661
30,991
Total 56-60
413,223
1-29.: 52
4,245,273
4.245.273
1,756,19*
2,272,727
2,324,380
4.215.273
4.245.273
4.245.273
.
Total 61-65
1866
2,066,116
2,789,256
1868
1869
1870
1871
613,190
1877
1878
1882
1883
4,623,521
4,623,521
7
8,016,529
8,223,140
9,319,050
8,429,752
8,099,174
4,678,860
5,092,959
5,131,611
5.191.116
5.537,190
8,884,298
9,669,421
9,545,868
10,082,645
10,661,157
1,058
10,645,736
11,280.183
3.799.488
11,693,406
11,693,406
12,003,323
12,519,^52
3,955,290 18,997,440
59,190,170
1.241.603
1.241.603
1.241.603
1,241,603
1,241,603
4,124,041
15,139,941
16,327,958
17,874,239
18,294,486
17,137,462
6,208,015 20,120,205
84,774,086
1.088,182
1,185,779
1,291,140
1,337,901
1,420,463
17,983,571
791,058
3,924,041
3,924,041
4,024,041
4,124,041
4,200,00 9
4.200,0 0
4 300,000
18,701,878
20,061.801
4,300,000
19,258,769
4,400,000
19,456,827
6,323,465 21,400,006
95,462,846
20,743,009
21,760,289
21,903.546
23,076,720
24,211,116
1,418,628
4,400,000
6,059,711
1,631,157
1,748,380
4,400,000
4,500,000
1,845,521
1,985,083
4,600,000
4,700,000
6,864,876
10,594.083
3,799,4-8
3.799.488
6,040,083
6,109.298
6,548,554
8,734,579
9,251,108
3.799.488
3,799,488
-
Total 81-85 4°,843t38 1 31,622,522
1886
1887
49,303,060
791.058
7 y 1,05?
Total 76-80 42,107,645 25.631,736
1881
3,065,930 17,314,4( 5
613,190
2.479.339
3,305,785
>6, 111, 155
1876...
3,515,008
10.077,554
2.479.339
Total 71-75 32,334,711
,
8,121,784
3.462.893
3.162.893
3.462.893
3,462,893
3,462,893
791,058
5.222.231
5.222.231
5,2^2,231
5.222.231
5,222,231
3,515.008
3,515,008
40,732,888
4,623,521
4,623,521
4,623,521
4,752,066
5,940,083
7,386.364
7,'06.611
6,549,5-7
39,454,955
2,7 J 5,620 17,575,040
613,190
613,190
613,190
Total 66-70 13,119,835 23,117,605
279,090
3,515,008
3,515,008
555,124
7,696,280 il,226.365
16
8,121,781
8,214,760
8,132.115
8,142,445
555,124
555,124
175,618 ‘20,206,610
...
1865
2,197,190
51,650 20,927,025
1858
1861
1862
1863
439,43*
8,628,769 22,600,000 111,69 4,680
10,537,190
7,047,934
*
10,227,272
7,148,760
*
2,000,000
2,000,000
from Australia
full and interesting for Victoria
Queensland. It has been noted in previous reviews
how Victoria has decreased its production almost un¬
interruptedly for many years. Turough Mr. Hayter, the
Government statistician at Victoria, we have obtained the
total yield both in quantity and value of that province
since 1851 and the annual yield since 1871, the latter of
are
very
and
which is
follows.
as
VICTORIA GOLD YIELD,
1871 TO 1886.
I
Year.
1871
1872
1873
1874
1875
1876
1877
1878
I
Ounces.
1879
1880
1881
1882
1883
1884
1885
1886
1,355,477 j £5,421,908
1,282,521! 5,128,034
1,241,205 4,964,820
1,155,972) 4,023,888
1,095,787 4,393,148
....
....
....
....
....
....
....
963,760;
3,855,040
809,653;
3,238,612
3,101,088
775,272!
....
Down
to
decline
Values.
£3,035,788
3,316,484
3,435,400
3,594,144
3,240,188
3,114,472
2,940,872
2,660,784
758,947
....
829,121
....
858,850
898,536
810,047
778,618
....
....
....
....
735,218
....
665,190
....
have been rapid
check, that year’s product being 44 per cent
1879
and without
that
less than
the
Ounces.
Year.
Values.
of 1871.
appears to
In
there
1880
was a
recovery,
temporary in its nature and not large, as it culminated in
18?2 with an increase of. 139,589 ounces.
Since then
there has been
a
constant
loss, the product of 1886 being
the smallest in the record and about 51 per cent
less than
product of 1871. These figures look as if this source
supply was destined soon to lose its importance. That
conclusion, however, may not be wholly warranted*
judging from the fact that the product par miner has been
increasing as the total yield decreased, being larger the
last two years than in any year since 1871, as the follow¬
ing statement shows.
the
1853
1854
Total 51-55
121
THE CHRONICLE.
1888.]
4,750,000
4,750,000
of
£
8.
93
93
96
99
1875.... 104
1871....
1872....
1873....
1874....
6
17
16
8
4
Year.
Value $
d.
1*2 '1876....
1*2 (1877....
2^ 1878....
3
4
1879....
[1880....
£
8.
89
82
82
76
81
19
6
12
1
18
Year.
Miner
£
d.
6*
1*1
nv
2*
11*
Valued Miner
s.
11
19
6
14
15
1831.... 95
95
1882....
95
1883....
188L... 106
1885.... ll08
d.
91*
7*
6*
9*
We have not received the
corresponding data for 1886,
though we have the report for the first quarter of that
year which indicates a further falling off of 144 in the
number of miners.
But taking the exhibit as it stands
the conclusion to be drawn from it we presume is that
the main loss in product and in miners is in the alluvial
deposit workings, ani next in the poorest yieliing quartz.
The respective proportions of quartz and alluvial gold
raised were 60 per cent quartz and 40 per cent alluvial
in 1884 and 62 quartz and 38 alluvial in 1885.
The
higher average yield per head may therefore indicate a
more constant product
hereafter, if not a new develop¬
ment in subsequent years growing out of the better
return
for the labor employed.
Queensland on the
other hand is increasing its total outturn, the increase
coming wholly from the “ quartz reefs,” the alluvial
workings haviBg dwindled down to very small propor¬
tions.
This will be seen in the following statement for
five years, in which the yield of the two classes of mines
is given separately.
21,335,124
24,126,0.22
*
Estimated.
Column 1. - From llio report of the Director of the Mint.
Column 2.—From Soetbeer’s Materialien, etc., for 1851 to 1877, in¬
clusive. For subsequent years from Wells, Fargo & Co.’s statements.
Column 3.—From Boetbeer’s Materialien, etc.
Column 4.—Includes South America, Europe other than Germany,
Valued Miner
Year.
Alluvial
Quartz
Years.
ounces.
ounces.
ounces.
52,038
35,327
26,175
21,936
15,361
172,855
177,460
281,629
289,005
224,893
212,787
307,MO 4
1882
1883
1894
1885
1886
etc., made up from 1851 to 1870 from Boetbeer’s Materialien; for
the later years in part from Mint Report, but mainly other sources.
325,637
Total
value.
Total
Queensland.
310,941
340,998
£787,125
744,848
1,077,315
1,088,293
1,193,493
workings have been reduced
It will be noted that, the total production now is £24,
figure, while the quartz returns have
been growing so much more productive that the total of
126,032 or $116,769,995—a blight decrease from 18S6t
owing to the small falling off in the total for the United the latter in these five years has increased over 88 per
to
The
our
find that the alluvial
a
nominal
As therefore the alluvial
returns
have
now
almost
of the world is the only re¬ wholly disappeared from the table, there seems to be good
reason to suppose that the output of Queensland is destined
as to that we have not much
statements of last year.
Our later reports to figure in the product even more conspicuously here-
gold production
maining inquiry ; and
to add to
we
almost
cent.
States.
•
Thus
CHRONICLE.
THE
The
following is an interesting summary of the
quantities and values of all Australasian mines since
first discoveries down to the present time.
ter.
total
the
PRODUCT OF GOLD IN AUSTRALASIAN COLONIES.
Culony.
106493521725688811
17
Es imated
Estimated
Va'ue.
N. So.Wales.
Queensland..
So. Australia
53,727,986 214,911,944
9,642,428 35,744,480
4,840,221 10,940,773
683,031
172,963
£
Oz.
£
Oz.
605,196
101,116
340,998
24,115
Value.
£
Oz.
2,660,784 54,393,182 217,572,728
385,949
9,743,811 36,130,429
5,181,219 18,134,266
1,193,493
197,078
778,261
95,230
correspondent calls attention to an inaccuracy in our
on the above subject
It is contained
in the following sta^emenbtakenfroui the article, page 89.
Suppose that a single laborer in a ri .y produces fifty
per cent more goods.
If the piece wor c price has fallen
“fifty per cent he receives approximate'}’ the same wages
article of last week
before.”
“as
That is
the
tralia
68,383,508 268,280,228
1,595,494
415,385
10,760,311 42,191,179
1,131,725
4,335,456
69,515,323^272,615,684
on
an
incorrect statement,
same
)
Total of Aus¬
DISTURBANCES SINCE 1873.
A
“
Estimated
Quantity.
Quantity.
Quantity.
Victoria
Value.
THE ECONOMIC
“
To'al.
During 1886.
1851 to 1886.
[Vol» XLVI,
a
wages, nor
fall of 33J per
for he would not receive
“approximately the same.” Only
cent or less would the laborer pro¬
ducing 50 per cent more goods, earn as muoa money as he
earning. Tne case was a hypothetical one used
Total of Ausfor
80,948,701
317.410,247
tralasia
5,343,346
illustration,
and suggested by the course of prices and
79.559,294 312,006.901
1,389.407
With regard 10 the Russian gold product we have been wages in some departments of trade; and though our
able to obtain nothing whatever direct from Russian argument is strengthened by the correction, that of course
official sources.
The returns received by the Mint Bureau in no degree excuses the error.
through our State Department show remarkable changes
0 UR
COAL PR OD UCTION
in the total from year to year, but we know no reason for
The coal trade is one of the industries that profited
questioning them and therefore adopt them in our table.
gready by the activity in business in 1887.
Tais
For 1887 of course we have as yet no returns from any
applies not only to anthracite, but to bituminous as well.
country except the United States and Mexico, and hence The
former, however, was favored with some special stim¬
for all other sources of supply we simply repeat the 1886
ulating agencies. The Reading, which had exeited an
figures. For the United States we use the Mint figures unsettling influence for years—frequently being forced by
for all the years, and for 1887 assume that they will
its poverty to sell its coal before it was mined—ceased to
exceed Mr. Valentine’s returns in the same amount that
be a disturbing factor.
That alone would have insured a
they have the last thiee years, as explained in ike early more
prosperous season to the coal carriers.
In addition,
part of this article. With these suggestions we give our the
year has been peculiarly one of strikes in that trade.
usual compilation of the world's annual gold product,
It began with a strike of the coal handlers and it termi¬
which is as follows.
nated with the Reading miners fully resolved to take the
WORLD’ GOLD PRODUCTION.
same step, while from September to
the end of the year
1
4
1
5
2
3
no coal was mined in the Lehigh region.
The strike of the
Producti’u
Produc¬
Produc¬
Product i’n
Total
Connell8vi)Je
coke
Gold.
operators was entirely outside the
iu Other
tion in
tion in
in United
Production
Countries.
Russia.
iu World.
Australia.
States.
anthracite trade, but it, deserves mention as belonging
to the same class of disturbances.
Of course, to the com¬
£
£
£
£
£
1,7-0,388 11,363,636 3,315,035 1,500,000 17,959,059
12,: 4 3 25b 12,390,' 91 3,074,134 l,50u,000 29,514,086 panies concerned these labor difficulties were not a favor¬
13,269,711 13,429,752 3,292,093 l.r 00,000 31,491,556 able
feature; but they increased the demand upon the
10,< 20,7of, 12,3516,694 3,591,466 1,500,000 27,508,865
12,097,649 11,363,636 3,709,790 1,500,000 28,G71,075 other
producers, besides serving to advance prices and
Total ’51-55.
49,711,711160,950,412 16,582,518( 7,500,000 135,144,641 thus benefitting all the companies.
13,058,984 11,363,636 3,723.736 1,500,000 29,646,356
In face of the strikes, the total production has been
12,196,507 11,363,636 3,899,401 1,500,000 28,959,544
11,729,866 10,330,578 ?,847,6t'5 1,500,000 27.408.109
very greatly increased, both in the case of bituminous
10,908,978 10.330,578 3,461,240 1,500,000 26.200,796
3,354,624
1,500,*
00
24,984,948
and
10,620,192j 9,504,132
anthracite, the output of each being the largest on
Total ’56-00record.
137,199,753
For the bituminous there are no authentic statis¬
58,520,527^2,892,500 18.286,666] 7,500,000
1861
10,9 5,858 8,884,298 3,275,021 1,750,000 24,845,177 tics, though every trade report bears witness to the activity
IS 62
11, 71,079 8,099,174 3,285,777 1,750,000 24,4 09,030
11,304,192 8,261,463 3,282,871 1,750,000 24,601,526 prevailing.
In the case of anthracite, however, Mr. John
9,956,192 9.52 1,793 3 114,105 1,750,000 24,375 090
10,204,178 10,996,900 3,544,9t0 1,750,000 26,496,058 H. Jones, the
accountant of the companies, furnishes
Total ’61-05. 53,674,499 45,769,628 16,532,754 8,750,000 124,726,881
official statements of the shipments to market, his figures
10,456,791 11,053,719 3,732,733 2,000,( 00, 27,243,246 covering the entire production except the coal consumed
Tasmania....
New Zealand
4381
31,014
119,125
440,399
226,008
888,765
10,986,979
1,714,619
43,079,944
...
10,024,916 10,685,942
10,481,673 9,917,355
9.826,937 10,227,272
8.584,263 8,264,463
3,7 j 0,465
3,849,266
4,503,401
4,864,590
2,000,000
26,421,353
9,8839 05
9,039,057
8.380.828
7,275,138
6.938,941
8.057,851
7.887,810
8,101.033
7,947,521
8,257,851
5,100,373
5,192,090
4,554,632
4,561,830
4,489,070
ber, and according to it the production in that month,
notwithstanding the absence of any output from the Lehigh
region, exceeded that of the same month in 1886 by
256,728 tons. Bat it is the record for the year that
2,000,000
2,000,000
2,000,000
2,000,000
2,000.000
25,342,129
24,118.957
23,036.493
21,784,4s9
21,685,865
2,000,000
21,637.702
5.628.281
6,869,835
5,785,253
5,919,506
2,0 0,000
2,000,000
2,000,<00
6,869,835
5.932,120
2,200.000
22,494,585
21,842,209
20,738,539
21,211,316
Total’ 76-80. 29.882,889 39,955,992 27,885,470 10,200,000 107.924,351
6,257,121
6,Or»3,897
5.594,304
5,826,156
5,653,312
6,611,570
6.198,347
5,785,124
6,363,636
6,570,248
5,047,737
4,931,391
4,835,733
4,507,914
5,235,169
2.500,000
2.500.000
2,500,000
2,5< 0.000
2,500,000
Total ’81-85. 29,384,790 31,528,925 24,557,944 12,500,000
1887
interests
of
1886
ever
4.620,310
8,860.950
9,297,521
8,057,851
5,343,346
*5,343,346
7,231,405 4,239,256 2.750,000
7,747,934 *4,239,256 *2,750,000
20,416,428
19,683,635
18.715,161
19,197.706
19,958,729
97,971,659
19,564,007
20,080,536
‘Estimated.
Note.—Tlie production of Queensland tor the years 1851 to 1877,
Inclusive (£10,299,886) was given as a single item at the close of 1877.
We have, however, divided it
to each of those years’
equally among the years named, adding
production £381,177.
Decem¬
about the mines.
2.000,000 26,617.610
2,000,000; 23,713,316
Total ’71-75. 41,517,872 40,252,066 24,197,995 10,000,000 115,967,933
6,156,442
5,508,783
5.998,105
5,949,198
6,209,361
Mr. Jonesr latest report covers
2.000,0001 26,248,294
Total ’66-70. 49,374,613 50,148,751 20,720,455 10,000,000 130,243,819
1881
1882
had been
of
made.
most
us
the
now.
production
Now
for 1887
In
the
liad
we
find
twelve
months
the
largest
been
a
further addition
2,504,655 tons, raising the total to 34,641,017 tons.
The
two
Lehigh Valley and the Central of New Jersey—the
companies engaged in the mining of Lehigh coal—
have suffered
reduction, but all the others show a
larger output than ever before, the increase by some of
the companies being simply remarkable, that of the
Lackawanna, for instance, reaching over a million tons.
This may be seen from the following, giving the details
for six years.
We are compelled to combine the Central
of New Jersey with the Reading in this exhibit, because
for the yearB prior to 1886 we cannot get their returns
separately.
a
January 28,
Road.
Tons.
Tons.
Phila. &
Reading*. 12,408,111 11,690,483
Tons.
Tons.
11,680,780
6,107,445
4,987,83'
3,301,67:
3,893,685
1,500,686
651,220
11,163,920
5,935,255
5,204,302
3,362,679
3,169,287
1,397,940
523,540
„
1883.
1884.
1885.
1880.
.1887.
DURING 1887.
NEW YORKS GRAIN RECEIPTS
Actual Production.
Kame of
123
THE CHRONICLE.
1868.]
Tons.
18.82.
|
We have from time to time
during the progress of the
Tons.
12,232,401.! 11,211,165 year called attention to the salient features in
6,271,773 5,933,739 movement at New York during 1887.
Now
5,079,122[ 4,038,717
the grain
that the
3,512,9711 3,203,168 December return is complete, and we have the figures for
2,77S,418 2,332,973
the full twelve months, the results possess greater interest,
Pennsylvania RR.
1,541,145 1,469,820
Penna. Coal
759.835
382,193j 330,514 besides having additional value for purposes of compari¬
Erie
30,756,995
31,793,O23j29,12O,O90 son. It will not be necessary, however, to do more than
34,641,017 32,130,302 31,023,529
Total
Stock at tide-water
562,116 refer very briefly again to one or two of the chief charac¬
748,3301
874,081
754,545
372,282
130,977
»t end of year....
Lehigh Valley
Del. Lack. & West.
Del. & Hudson
5,784.4:0
0,220,792
4,048,230
3,810,143
1,003,456
6,184,456
5,172,023
3,480,687
3,478,885
1,398,179
731,049
teristics of the year.
As concerns the size
Including Central of New Jersey.
*
It will be noted from this that not
only is the produc
tion the
WjpgfBESH
Jjgfpt*j^
I■I.■—
.,„i■!l.
.
of the receipts,
the aggregate for
1886, though not very greatly.
heaviest reported, but at the same time the stock
Reducing flour to wheat on the basis of 4$ bushels to a
at tidewater points has been cut down nearly a quarter of
barrel, the total of all kinds of grain for 1887 foots up
a million tons, so that the consumption reached about 341minion tons.
Of course, in some measure the fears of a 127,500,801 bushels, against 130,910,062 bushels in 1886.
The falling off is due to the diminishei receipts of corn,
coal famine, which had been so sedulously cultivated in
1887 falls
below that of
of 18S6 and 1887; only 20,231,received, against 32,789,951 bushels the
before and 38,257,132 in 1S85. Fmur, wheat and
following the
closing months of the year, may have stimulated
buying beyond the usual requirements, but this will
account for only a very small part of the increase shown.
As regards bituminous coal, we have already stated that
reliable statistics are hard to get. The Coal Trade Journal
the
poor crops
422 bushels were
year
oats all
show
an
increase.
Thus of flour the deliveries
6,355,924 barrels, while in 1886 they were only
5,580,498 barrels. In wheat the movement was 45,222,publishes an annual in which an estimate of the produc¬ 425
bushels, against 41,546,610 bushels, and in oats
tion for each Slate is made, and its estimate is generally
22^266,020 bushels, against 20,139,820 bushels. In the
accepted as an authority in the trade. The figures for other cereals the
changes do not call for special mention1887 have not yet been compiled.
The Engineering &,
But the main feature of the year’s results is of course
were
Mining Journal thinks that the total coal production
(bituminous and anthracite) in the twelve months was at
least ten million tons greater than in 1886. As the
increase in anthracite is 2£ millions, this would leave an
increase of
millions in bituminous.
In the following
we
make the increase somewhat less.
We
use
great prominence that the canal plays in the move¬
Already in the previous year we had occasion to
refer to that fact, the canal then having increased its ratio
the
ment.
cent over 1885 and brought in 44
10 per
so
Mr. Jones’
that in
never
on anthracite for all the years, and those of
Coal Trade Journal on bituminous, except for 1887.
both ratio
distinguished as
find for 1887 a further
and amount it
before since 1880.
Now
we
million bushels,
was
the
increase, notwithstanding that the total grain movement
We
was nearly 3£ million bushels less
than in the previous
have divided the anthracite so as to show the amount
year.
In other words, the canal furnished 46 million
coming from each region, Wyoming, Schuylkill and
bushels, or over 36 per cent of the whole receipts. Con¬
Lehigh, that fceiDg an interesting point just now.
sidering that the water route is available only a little over
COAL PRODUCTION IX UNITED STATES.
half the year, this is a very large proportion.
A point in
favor of the canal during 1887 was the fact that rail¬
j liitumiTotal.
Yt'nv$.
road traffic was so heavy and the demand for cars so active
Total,
j
nous.
Lihiijh.
Wyoming. f Schuylkill.
Tons.
Tons,
Tons.
Tons.
Tons.
!
that the roads were very frequently obliged t# let the lowjj Tons.
16,182,191 | 10,081,109 32,803,690
1870
4,908,157; 3,239,374
7,974,000
I860
7,554,742 4,403.221
23,437,242;! 41,701,100 65,198,402 class freights go to the water route, it being of course to
11,419,279
5,294,070
1881
28.5C0.017, j 47,021.917 70,121,934
13,951.383
9,253,958;
their interest to give preference to the high class freights,
1882
13,971,371
9,4-9,288, 5,089,437 29,120,096; j 57,729 540 80,849,036
which yield a larger profit.
1S63
15,004,492 10,074,720 0,113,809
31,793,027 ! 05,082,357 90,875,384
On the other hand, the
30,756,995 { 08,*'80,007 99,443,002
1884
15,710,155 .0,178,314 j 5,502,220
dem®raliz
ition
of
railroad
rate3
on export grain, which
1885
9,4*8,420 5.898,033
31,023,529 70,501,024 102,124,553
10,236,470
1880
32,136,302 j 74,048,071 106,780,031
9,381.407 5,723,129
17,031,826
prevailed a good part of the year, operated against the
1887
34,041,017 j*81,000,0C0 115,041,017
19,084,929 10,009,028] 4,317,000
canal, because it left a smaller margin of difference for it
Estimated.
to encroach upon.
But whatever the cause, the canal
The features of this exhibit are the increasing propor¬
brought in more grain and a larger proportion of the
tion of anthracite contributed by the Wyoming region> entire movement than in
any other recent year.
The foland the great growth in the production of bituminous.
owing will show the deliveries by each of the various
With regard to the former we find that the output of
routes, rail and water, for six years.
RECEIPTS OF GRAIN AT NEW YORK, BY ROUTES, JAN. 1 TO DEC. 31.
Lehigh in the late year (chiefly because of the strike) was
less even than it was in 1880, seven years before.
On the
1882.
1884.
Jan• 1 to
1885.
1886.
1887.
j 1883.
I
Dec. 31.
other hand, the Schuylkill in the same interval increased
Bushels.
Bushels.
Bushels.
Bushels.
Bushels.
Bushels.
its production from 7,554,7.42 to 10,609,028 ton?, and the
24,979,025 27,372,525 30,079.712 30,880.489 32,125,615 .'18,832,554
N. V. Cent.
:53-94
25-84
20-70
28-50
20-91
10-59
Wyoming from 11,419,279 to 19,684,929 tons, the latter Erie Per ct. 20,599,769
28,765.283
24,42-,613
19,970,250
20,009.936 21.970,551
23-13
21-36
17-30
19-73
15-70
16-10
Per ct.
being 56 82 percent of the entire amount mined. With
13,060,491 15,854,717
figures
-imimicuc.
f
ii
*
.
reference to bituminous the increase has been
Pennsylv’a..
marvelous,
Per ct.
easily understood. It is a grade of coal that is
nearly everywhere in the United States, and with the
extension and development of the country its use is con¬
stantly increasing. In 1880 the output was reported at
41,761,160 tons; in 1886 this had increased to 74,643,671
tons, and now for 1887 we estimate it at 81,000,000 tons,
so that in the seven years there has been an expansion of
nearly 100 per cent. The demand ha3 been limited only
by the ability of our railroads to furnish the necessary
but is
cars.
5,315,945
West Shore.
12,043,509
Per ct
Per ct.
Total RRs.
80,075,101
Per ct.
Per ct.
7-04
0,421,181
4-91
5-71
84,741,170
12-02
5,718,428
452
10,001,299
7-90
959,059
0-75
92,908,540
10,982.200
952
5,713,008
4-95
1050
13-85
4,581,770
3-00
*1,210,033
1 05
6,302,250
540
75,070.847
850,024
058,0-42
0-09
0-58
79,390,091
79,773,020
04-73
73-42
65-04
03-85
09-73
1,414,700
2,132,370
3,738,304
2,417,902
3,725,238
2,481.048
1-63
1-10
83-04
36-09
2-95
29,930.587
23*63
2-09
37,925,257
82 87
3-00
41,220,908
3315
2-17
32,150,408
23-10
130,910,002 120,637,431 115.420.000 124,330,237 114,405,380
Only for DsicomUer;
reported,
15,229,591
02 81
Total all... 127.500,801
J
7-81
10,000,272
46,011,000 44,030.522
Canal
*
10,221,67b
945
7,285,027
Rlv.&coast.
7-07
4-17
Var’us RRs..
Per ct.
Per ct.
10,040,575
773
.
Del. L. & W
found
9,850,920
previously West Shore was not separately
THE CHRONICLE
124
I[Yol. xl\ i.
Except in the case of the newer lines, the changes as IPtotjelargi ©rnmwcrjcial %nQ\isU Hews
compared with the previous year in the ratios of the vari¬
flasllih Financial Harketa-Per Cable.
ous rail routes are not very important.
The West Shore
The daily closing quotations for securities, &c., at
London,
has increased its proportion from 7*64 per cent to 9-45 are
reported by cable as follows for the week ending Janu¬
per cent, while that of the Lackawanna has been reduced ary 27.
from 7*81 per cent to 4*17 per cent.
On the Erie the
London.
Sat.
Mon.
Tues.
Wed.
Thurs.
Fri.
ratio is 16*16 against 15*79 per cent, on the New York
Silver, per oz
d.
4438
44716 44i2
4438
44516
44%~
10‘2716 102916 102iilfi 10211,6 102i%6 102%
Central 19-59 against 20*91, and on the Pennsylvania 7*73 Consols for money
Consols for account
102%
102%
10211m 10213,6 102%
1021%t
Fr’ch rentes (in Paris) fr. 81-35
81-45
81*27% 8135
81-47% 81-45
against 7*67 per cent. Of course, as compared with the U.
8. 4^8 of 1891
111
110%
110%
110%
110%
110%
earlier years the differences in the percentages of the U. S. 4s of 1907
1293s
129
129
12914
128%
128%
Canadian Pacific
62 7e
63
62%
62%
61%
61%
older roads is very marked, but that follows naturally Chic. Mil. & St. Paul.... 773s
77 %
77%
79
77%
78%
Erie common stock
28%
28%
283s
28%
28%
29%
from the introduction of the new competitors.
12112
12112
122
121%
122%
It is inter¬ Illinois Central
122%
56
Pennsylvania
55 %
56%
56
55%
55%
esting to note, however, that the Central and West Shore Philadelphia & Reading. 32% 33% 33% 333s 33% 34
New York Central
1103s
110%
110%
110%
1103s
110%
combined did not carry as much grain in 1887 as the Cen¬
tral alone in 1882, the latter being a year, though, when
Commercial and H&isceUauecws Items
the canal figured for a small percentage.
With reference
-
to the results for
National Banks.—The following national banks have been
December, the last month of the year,
organized
since last advices :
the principal feature is that the West Shore again, as in
3,830— The First National Bank of Kaufman, Texas. Capital, *50,000.
H. T- Nash, President; G. W. Voiers, Cashier.
the same month of the previous year, had such a large
3,837—The City National Bank of Knoxville, Teun. Capital, $100,000,
Milton P. Jarnagin, President; W. S. Shields, Cashier.
proportion of the total movement—23 44 per cent—the
Imports and Exports for the Week.—The
figure for the twelve months being only 9-45 per cent, as
imports of last
week, compared with those of the preceding week, show a
already stated. Below is a comparison for six years.
decrease in dry goods and an increase in general merchandise.
RECEIPTS OF GRAIN AT NEW YORK BY ROUTES DURING DECEMBER.
December.
N, Y.Cent...bush.
Per cent-
Erie
bush.
Per cent.
Pennsylv’a. .bush.
Per cent.
Del. L. & W..bush.
Per cent.
1887.
1880.
2,038,930
1807
1091
994,151
707,082
1218
Per cent.
Various RRs.bush.
710,031
Per cent.
River & coastw.bu.
Per cent.
Canal
bush.
Per cent.
Total all ...hui»l»-
1,558,245
20-08
11-90
548,488
2421
5-71
8,703,7.?8
8,577,225
29-70
2,068,763
2888
1,909,202
11-94
no
7.800,079
4-55
2-81
0,158,358
91-25
92-01
89-00
9398
312,575
251,951
3 ;3,531
19',395
3-93
8,100,9's
357
297
497,200
4-15
5 18
9,000,289
■
9,003,503
4*83
423,100
381,300
4-99
5-55
8.481,130
1-92
nue
course
received
a
4-10
6,873,189 10,278,964
much smaller
grain traffic than in the twelve months of
1886.
In the first place they all carried less, with the
single exception of tne West Shore, aud in the second
place rates, at least on export grain, were not main¬
tained.
The result approximately is seen in the follow,
ing. For December, 1887, we have taken 25 cents as the
basis of rates between Chicago and New York, there
beiDg
no way of
distinguishing between the shipments intended
for export and those for local consumption.
The average
in December, 1886, had been about 26 cents.
APPROXIMATE GROSS REVENUE FROM THROUGH GRAIN TONNAGE.
1887.
New York Central
Erie
Pennsylvania
Del. Lack. & West
West Shore
Total
$
110,000
84,000
57,000
26,000
109,000
392,00<
1886.
$
141,000
97,000
48,000
52,000
larger
1887.
1880.
$2,878,141
4,853,419
Total
Since Jan. 1.
$5,430,977
$6,497,543
$7,731,560
Gen’l mer’diso..
$6,802,813
13,637,154
$6,608,836
10,470,781
$8,547,305
16,858,827
>9,201,900
19,810,283
Total 3 weeks..
$20,439,907
$23,085,617
$25,406,132
$29,012,183
In
report of the dry goods trade will be found the im¬
one week later.
The following is a statement of the
exports (exclusive of
specie) from the port of New York to foreign ports for the
week ending January 24, 1888, and from
January 1 to date:
ports of dry goods for
EXPORTS FROM NEW YORK.
|
12,066,588
$5,480,509
12,244,103
$6,960,582
11,630,642
Total 3 weeks..
$22,588,154
$17,519,189
$17,730,672
$18,591,224
The
port of New York for the week ending Ja-.uary 21, and
1 and for the corresponding periods in 1887
since January
and 1886.
-
-
,
EXPORTS AND IMPORTS OF SPECIE AT NEW YORK.
Exports.
Oold.
Week
Great Britain
France
Germany
West Indies
Mexico
South America
All other countries...
Total 1888;
Total 1887
Total 1889
Germany
Imports.
Since Jan. 1.
$6,000
$8,200
1,248
1,248
133,338
27,430
$67,780
...
$
$1,718
31,266
79,902
9,440
5,876
3,356
28,653
2,062
14,484
22,917
$159,443
$50,344
419,597
32,079
$149,741
3,086,128
595,821
4,638
Week.
Total 1888
Total 1887
Total 1886...
Since Jan. 1,
8,019
8,638
....
360,557
1,623,447
Imports.
Exports.
West Indies
Mexico
South America
All other countries.
Week.
400
-
$39,316
15,100
537,153
Silver.
this traffic than in the twelve
$819,000 in the receipts from grain, shows how active
and large general business was during the
year.
following table shows the exports and imports of specie
at the
months of
of
1888.
|
$5,452,601
522,OCX 3,822,000 4,041,000 3,714,000
(as shown by all the returns) in the face of this falling off
1887.
$6,883,762
15,704,392
470,000
of the roads which
1886.
1885.
For the week....
Prev. reported..
Great Britain
France
one
$10,666,005
our
138,000
only
$3,383,561
7,282,444
1
Dry Goods
1885.
revenue from
1886, the aggregate revenue for the five roads
reaching only $3,822;000, against $4,641,000. That the
total earniDgs of the roads should have so
greatly increased
a
4,508,726
1
I
t
1
232,000 1,298,000 1,015,000 1,476,000
152,000 1,106,000 1,228,000 1,010,000
09,000
505,000 593,000 013,000
30,000 279,000 610,000 230.000
ai.ooo 034,000 595,000 379,000
Thus the West Shore is the
shows
Jan. 1 to Dec. 31.
1885.
1888.
$1,988,817
reve¬
from the
December.
|
421,887
Note.—In the above t.*ole flour has been reduced to grain on the basis
of 4% bushels to a barrel, and no distinction made in the
weights
of the diflerent kinds of bushels, all being added together on the same
basis.
The trunk lines of
1887.
'
$1,866,468
3,564,500
0-90
9,059,082
1886.
Gen’l mer’diso..
93,445
94-61
1-24
1S85.
Dry Goods
192,047
112,504
370,500
Week.
For
••••••••
9301
3-00
FOREIGN IMPORTS AT NEW YORK.
••••••••
249,710
321,100
imports were $10,666,005, against $10,489,610 the pre¬
ceding week and $7,856,568 two weeks previous. The exports
for the week ended January 24 amounted to
$6,960,582,
against $4,919,847 last week and $6,680,795 two weeks previ¬
ous.
The following are the imports at New York for the
week ending (for dry goods) January 19 and for the week
ending (for general merchandise) January 20; also, totals
since the beginning of the first week in
January :
18-53
313,099
14-34
98,581
1-47
11-33
45-62
2,045,806
1,210,038
140,025
1,027,149
4,688,267
40 54
821,051
9-88
1882.
2,78*1,355
18-37
837,819
013
9-02
1883.
785,815
9-27
589,387
2,195,201
8-78
3902
1,148,039
8-47
23-44
7,590.142
2,504,050
817,430
5-55
3,310,081
3990
1,533,188
452,502
1884.
3,831,993
2407
1,474,072
1,913,190
Total RR. .bush.
2,236,515
24-99
West Shore. .bush.
Per cent.
lf-85.
The total
Since Jan. 1.
Week.
Since Jan. 1.
$....
10,000
1.900
$740,330
20,600
1,900
380
380
li‘,426
2,55*2
1,540
3', 678
2,616
4,439
3,893
28,020
1,004
5,671
4,540
643
44.446
$84,152
$771,428
190,245
390,145
362,207
1,190,285
$14,685
30,3D
16,891
$87,473
76,933
35,397
Of the above imports for
American gold coin.
Of the
$32,038
were
the week in 1838, $7,376 were
exports during the sane time,
American gold coin.
Foreign Trade of New York—Monthly Statement.—In
addition to the foregoing tables, made up from weekly returns,
we
give the following figures for the full months, also issued
January 38,
r
THE CHRONICLE.
1868. J
New York Custom House.
total imports of merchandise.
The first statement
our
e
covers
1887.
1880.
General
Drv
Goods.
Dry
lotal.
Merchan¬
Goods.
dise.
$
11,159.704
10,799,064
9,031,882
8,287,994
7,600,603
6,689,095
10,599,000
14,913,036
10,532,560
10,203,940
7,004,738
8,254,503
January....
February
..
March
April
May
June
July
August
September.
October...
November
.
December..
Total...
General
Total.
Merchan¬
dise.
1
%
23,748,188
23,022,778
31,391,048
32,850,900
30,013,836
34,355,197
20,118,608
29,372,693
25,445,^87
29,268,492
31,576,774
26,110,426
$
*
9,410,104 23,389,735
12,070,425 20,621,310
12,810,725 20,304,401
8,500,330 28,013,389
7,089,337 24,775,053
6,881.571 29,228,019
9,330,750 27,868,768
14,248,301 24,227,584
10,024,223 26,273,593
8,016,057 29,132,140
8,115,561 28,955,621
8,280,755 29,515,534
34,907,892
39,822,442
41,023,530
41,144,894
37,620,499
41,044,8921
30,717,008
44,285,729
35,977,847
39,532,438
38,584,512
34,370,929
121,743,445 343,289.827 465,033,27*
EXPORTS FROM NEW YORK.
Total Merchandise,
Month.
$
32,760,899
38,091,741
39,181.188
37,179,719
32,404,990
30,110,190
37,199,524
39,475,885
36,297,810
30,148,197
37,071,182
37,802,289
115,456,205 323,906,413 439,422,618
jj
CUSTOM8 RECEIPT8.
j
At New York.
Month.
1887.
1886.
January
February
$
*
24,476,387 23,723,610
22,294,833 22,314,321
January
February
March
28,365,160
23,207,963
23,770,711
25.623,035
27.891,594
28,874,721
25.338,870
27,572,808
23,204,084:
24,590,455
March
April
May
20,208,43l|
May
June
July
August
September
29,395,320;
29,734,941
25,857,301!
29,517,577
26,005,729
27.107,495 28,880,274
28,586,505 28,531,192
October
November
December
Total
312,676,148 318,125,241
n«
.T
1y
n
1886.
$
*
11,792,309 10,925,448
13,090,217 11,799,732
14,200,782 12,500,233
11,420,147 10,434,180
10,947,639
9,021,800
11,816,230 11,879,019
12,814,847 12,005,425
15,002,350 14,820,578
April
.T11
1887.
A11 gnat.
September
13,925,754
12,936,504
Ontohor
12,380,066
11,501.389
9,781.053
10,534,457
.
...
11,437,190
December
Total
9,789,000
149,123,137 138,806,484
Sutro Tunnel.—The.Sufro Tunnel reorganization, accord¬
ing to Mr. Theodore Sutro, is meeting with approval. Already
than half the entire istue of bonds lias then placed.
The annual statement of the Mutual Life Insurance Com¬
pany of New York is made public, and shows that the year
more
amount to $12,237,283.
The usual divi¬
declared on the net earned
premiums of 1887; 6 per cent interest will be paid Feb. 7 on
outstanding scrip, and the issue of 1883 will be redeemed.
dend of 40
IMPORTS INTO NEW YORK.
Month.
fully invested
125
now
per
cent
scrip is
—The Liverpool & London & Globe Insurance
Company
publishes its annual statement for the United States branch in
the Chronicle.
The assets January 1, 1888, were $6,793,575;
the surplus over liabilities $3,041,337.
With this strong
exhibit the Liverpool & London agency in the United States
gives every evidence of a continued claim for a very large
business in this country.
—The thirty-eighth annual report of the Manhattan Life Insur¬
Co. of New York will he found to-day in the Chronicle.
The income for the year 1887 was $2,154,323; there was
paid
ance
to
policy holders in death claims, endowments, annuities and
The gross assets January 1, 1888, were
$11,433,196. Mr. James M. McLean remains at the head of
dividends $1,129,975.
this well known company.
—Messrs. Turner, Lee & McClure, the well known railroad
lawyers, counsel for the Farmers’ Loan & Trust Company,
&c , &c , dissolved partnership on February 1.
The new firm
of Turner, McCiure & Ralston continues the
practice of law at
the old offices, 20 Nassau Street.
—Mr. Joseph G. Martin, of 10 State Street, Boston, has
his “Stock Fluctuations” for 1887 in the usual pa i^phlet
issued
form,
making an appendix to “Martin’s Histo y of the Boston Stock
Market” for 88 years. Every one interested in stocks and
bonds quoted in Boston should have a copy of Mr. Martin’s
publications.
The Pneumatic Steering Gear & Manufacturing Com¬
pany of New York has just issued a handsome pamphlet
with illustrations showing by description and cuts the work¬
ing of their apparatus by compressed air.
The general
manager’s office is at 3 Bowling Green.
At a meeting of the directors of the Riverside Bank, held
at their banking house, corner of Fifty-sevemh Street and
Eighth Avenue, on January 19, 1888, Mr. Floyd Claikson was
elected President and John J. Clancy was elected Vice-Presi¬
dent for the ensuing year.
Messrs. D uglas & Jones, whose card appears in our
columns, have just issued a compact list of choice securities,
with full particulars, for the use of their cus oiners.
—
—
—
—
1887
the
was
enjoyed.
or an
The
Ti
most
prosperous one
this company has
ever
buirn ss written amounted to $69,457,468.
increase of $12,624,749 over the new business cf 1886.
e new
of the Mutual Life now aggregate the
enormous
of $118,806,851, making it the
largest financial institution
in the world.
The company received for premiums in 1887
the sum of $17,110,901, and its total income from all sources
amounted to $23,079,922.
It paid to its members
assc ts
sum
during the
year for death claims and endowments over $8,000,000, and
the total payments to
policy holders aggregated $14,128,423.
This year the State
Department required the life insurance
companies to compute the reserve value of policies at 4 per
cent instead of 4j^ per
cent as hithereto, which increased the
liabilities
charged by the Department. Under this coi servative requirement the Mutual Life showed a
surplus of
$6,294,492 ever and above every liability.
as
—The Montana Central Railway Company’s first mortgage
6 per cent gold bonds, due in 1937, are offered for
subscription.
These bonds are guaranteed, principal and interest, by the St.
Paul Minneapolis & Manitoba Railway
Company, and, with
entire confidence in their value,
they are offered directly by
that company by the advertisement of Mr. James J.
Hill, the
President, without the intervention of any banking house or
syndicate. The Montana Central Company is authorized to
construct
the, following lines of railroad
m
Auction
auction
that Territory:
Great Falls to Helena, 98 miles; Helena to Butte, 73 miles;
Helena to Rimini, 16 miles; Marysville Junction toMarysvi le,
7 miles; Great Falls to Sand Coulee, 18 miles;
total, 212 miles.
The bonds now offered are secured by a first mortgage on the
above lines. Tenders will be received at t1 e office of the Cen¬
tral Trust Company up to 3 o’cloc k on
February 2. A 6 per
100
100
400
200
100
100
15
25
20
55
200
375
15
14
24
20
Sales.—The following were sold this week at
by M> ssrs. Adrian II. Muller & Son :
8hares.
Bank of America
Nat. Bk. of Commerce.
Mechanics’Nat. Bank
Merchants’ Nat. Bank.
Nassau Bank
Amor. Exch. Nat. Bk..
N. Y. Life Ins. A Tr. Co.
Union Trust Co
171 -U
107
102
138
151
138
581
530
Eagle Fire Ins. Co
235
Warren HR. Co
137%
Home Fire Tns.l25*8®126*4
Am. Loan & Tr. Co.OO'S’lOO
Nat. Bk. of Republic.. 137
Shores.
156 Stuyvcs’t Fire Ins. Co. 110
10 Real Estate Exelfge &
Auction Room, Lim.. 126*3
85 Third Ave. RR. Co.... 219*3
5 Edison Eleetr. Ill’g Co. 86*3
40 Liberty Ins. Co...
100
40 Pacific Fire Ins. Co
146*4
35 Howard Fire Ins. Co..
62*3
27 Impor’s’ & Trs’Nat. Bk. 340
.
4
.
Niagara Fire Ids. Co.. 156*3
50 Hamilton Fire Ins. Co. 110
Bonds.
$21,000 Third Ave. RR., 7s,
1890
103*2 0)103%
119
$20,000 Society of N. Y. Hos¬
4.%
pital, 6s, reg., 1888 101*4® 101*3
$30,000 Society of N. Y. Hos¬
$5
100%
pital, 6s, reg., 1889
$2,000 Metropol’n Gas Light
$11
55 *4 i
115*8
Co., 6s, 1901
$46
$2,000 North Missouri RR.,
Georgia RR.&B’k’g.Co 199
Cent. RR. & B’k’g. Co,.
Nor. River Const’n Co.
1,000 N.Y.& CalavTas M’g Co
200 Rosier Consol. Copper
Co. .with cert, prop’sh.
25 N. Y. Loan & Irnpr. Co.
10 Dakota Improv’t Co...
100 Caledonian Gold Miu’g
Co. (Dakota)
$1(52
1 Consumers’ Coal Co.. $5-25
1st M., 7s, 1895
113
$2,000 Western RR. Co., of
I Ala,, 1st M.,8s, 1888.guar. 10378
3125joe sioux Falls Water
$1,000 Cert, of Indebt., Cent.
Power Co
RR. & Banking Co., of Ga.,
$2
100 Father De Smet Cons.
6s, 1891
101
Gold Mining Co
$3,000 Jersey City 7s, reg.,
$55
20 Jefferson Ins. Co
119*-2 j
Improv’t, 1892
lOGSg&ink
20 Bowery Fire Ins. Co... 141
Neosho RR.
$9,000 Tebo
768 Iron Duke Mine..65c. persh.
Co., 1st M., 7s, 1903
110%
160 Manuf’rs’ Nat. Bank of
$4,700 City of N. Y., 6s, Park
152*2
Brooklyn
Imp. Fd. Stock, 1904.1357s & ink
55 N. Y. Life Ins. & Trust
$12,000 Carolina Centr. RR.
Co
588®580
Co., 2d M
63*4
^attkiu0 and fftiiaacial.
cent 50 year
gold bond, guaranteed by a company like the St.
Paul Minneapolis & Manitoba, is, in these days,
an exception¬
ally attractive investment.
—
M
ssrs.
Coffin &
C O F F IN
Stanton, of New York, who have become
prominent as dealers in investment securities, and Messrs.
Irving A. Evans & Co., of Boston, the Municipal In¬
vestment Co., of
Chicago, and Dent, Palmer & Co., of
London, are offering a $2,100,000 loan of the Cleveland &
Canton Railway Company of Ohio. These bonds run for 30
years from 1887, bear interest at 5 per cent, and are a mort¬
gage on railroad property which the prospectus states has
already cost $7,200,0l0, and on terminals estimated to be
worth $1,500,000, to which will be added the proceeds of this
issue. The read extends from Cleveland, O., to Canton, O.,
with bra» ches to Coshccton and SherodsvilD, 161 miles in all,
and the present i-sue is at $12,500
per mile, making the
WALTER STAN TON
WM. EDWARD COFFIN.
S T A N T O
&
so
interest charge i ut $625 per mile each year.
—The Atlantic Mutual Co.’s statement for 1887 has been pub¬
lished this week, and will her* ad with the usual interest by all
the friends of this old and well-managed corporation. The
pre¬
miums
marine risks
$5,060,569 for the year, losses
paid $1,599,468, against $2,206,588 in 1886. The assets care- ’
on
were
N„
BANKERS,
11
WALL
STREET,
NEW
YOflK.
NEGOTIATE
State,
Municipal,
Railroad,
Water
and
Gas
Bondi,
MONEY ADVANCED ON MARKETABLE SECURITIES.
SPOKANE & PALOIISE
(NORTHERN PACIFIC)
FIRST MORTGAGE 6 PER CENT GOLD BONDS,
FOR SALE BY
EDWARD SWEET «& CO.,
38 BROAD
STREET,
FAHNESTOCK & CO.,
2 WALL STREET.
THE
126
CHRONICLE.
Continental bills
DIVIDENDS!
dividends Rave recently been announced :
Railroads.
*C<Tur d’Alene (quar.)
N. Y. Prov. <fc Boston (quar.)
Banks.
Payable.
i»i2
Feb.
Feb.
5
3
Feb.
Feb.
1
Feb.
2
Corn Exchange
German American
Books Closed,
(Day8 inclusive.)
When
Per
Cent.
Name of Company.
1!
lOFeb.
1 to
2*2
1%
1%
Feb.
10
The rates of
liJan. 26 to Jan. 31
1
ljJan. 25 to Feb.
Miscellaneous.
N. Y. & Perry Coal & Iron (quar )
Prov.&Ston. Steambo’t Co.(quar.)
U. 8. Express Co. (quar.)
Wliitebreast Fuel (quar.)
4 83@4 83£;
Francs, 5 21| and 5 19|; rpichmarks,
95£@95£ and 95guilders, 40$@40£ and 40f@40|.
The following were the rates of domestic exchange on New
York at the under-mentioned cities to-day: Savannah, buying
par; selling
premium; Charleston, buying par; selling
^premium; New Orleans, commercial, 50c. premium; bank,
par; St. Louis, 90c. premium; Chicago, 40c. premium.
Cables, 4 87£@4 87£.
■glue gatHuers’ (Gazette.
The following
31 to Feb.
1 to Feb.
4 to Feb.
4 to Feb.
10 Jan.
| Feb.
10!Feb.
15 Feb.
!Feb.
10'Feb.
Feb.
WALE STREET, FRIDAY, Jan. 27,
[VOL. XLVI-
10
10
15
10
18SS-5 P. IH.
The Money Market and Financial Situation.—The gen¬
eral tone of affairs at the close of this week is rather stronger
than at any previous time this year.
The large sales of bonds
at the Board and from bankers’ hands continue to be the chief
point of interest in the financial situation, and in this respect
there is more activity than we have seen for a long time past.
This buying of bonds at rising prices indicates a confidence
in the capacity of railroads to earn their interest, even if some
of them should have to reduce their dividends, and it is possi¬
ble that this very argument has an influence in checking the
rise of some of the Western railroad stocks, as the public wish
to see how successfully they will be able to carry their new
mileage a^nd keep up their dividends.
The Gould stocks, in their facility of declining sharply with¬
out any apparent cause, have been for the past year a constant
menace to
the market.
Nothing is known of their receipts
from month to month; holders are quite in the dark as to
whether interest or dividends are being earned, and under
these circumstances it is possible for such stocks to be jumped
up or down ten points in a day without any regard to the rest
of the market.
The only way is to let their movements be
disassociated from the rest of the list, and to regard them as
specialties whose fluctuations should not affect the value of
other stocks.
Commercial bills
leading bankers
are as
sterling bills on London..
Primp, commercial
,
Documentary commercial
Coins.—The following are
Napoleons
$4 84
3 84
X X Reichinarks..
4 74
X Guilders
3 96
»pan’h Doubloons.15 00
Doubloons.. 15 55
Fine gold bars....
par
Mex.
*
Now
The
3
@ 4
@ 4
'@15
® 15
403l(i® 40%
4038 (t 40^ia
95*8 ® 95^8
95*2^9559
quotations in gold for various coma.
'5>$4 88
89
80
00
75
70
Fine silver bar3.. — 9658®
Five francs
—93 'cb
Mexican dollars.. — 75%a>
Do uncommorc’l — 75 ®
®
Peruvian sols
— 74
97*a
—
95
—
76%
75
4 85
—
®
English silver.... 4 75
©biprein. U. S. trade dollais*— 74
®
......
demonetized.
closing prices at the N. Y. Board have been as follows;
Interest Jan.
21.
Periods
1
4*26,1891
reg
4^8. 1891
coup.
4s, 1907
reg.
4s, 1907
coup.
6«, cur’cy,’95
reg.
6s, cur’cy,’96...;reg.
6s, eur’ey, ’97—reg.
6s, cm’ey,’98 —reg.
6s, cur’cy,’99....reg.
*
Demand.
4 85
4 87**
4 83
®4 83*4
4 82%®4 83
5 21% ®5 205g 5 18% &5 18*8
Amsterdam (guilders).
Frankfort, or Bremen (relcbmarks)
Sovereigns
follows:
Sixty Days.
January 27.
Prime bankers’
were
were:
This is the price bid at the
Jan.
23
Jan.
24
Jan.
25.
Jan.
27.
Jan.
26.
*107*2 !*107i2 *107*2 10S
*10712 107 D *107*2 *108
!*12614 1261& *1253* 125*2 125% 126
*125% 125*4 125*2 12Hia
*126*4 I 126
‘119
*119
*11912 !*119
**1201-2 120
*108
*108
108
108
1*122*2
122
124
120
128
*12412
*12012
,*12812
*12112
*12312
*12512
1*1271-2
121
123
125
127
*121
*123
*121
*123
*125
*127
*125 *«
*128
morning board; no sale was made.
United States Bonds.—Government bonds have
been dull
though transactions improved a little to-day. Prices have
irregular, and the 4s are a little lower than a
week ago, while the 4?rS are about the same.
The bids for the
been weak and
6s
are
much lower than last Friday.
State and Railroad Bonds.—State bonds have been a trifle
active at times, and the business of tlie week lias amounted
more
to a larger volume than usual.
The only class showing any
companies have this week reduced their special activity has been Tennessee settlement 3s, which have
uled strong, and advanced several points during the week.
rate of interest on demand loans from 5 to 4 per cent.
They
close at 70J, against 69J last Friday.
The open market rates for call loans during tiie week on
There is still a. brisk demand for railroad
Borne of the
trust
stock and bond collaterals have
ranged from 1 to 4 per cent,
and to-day the rates were 2A@3 per cent,
prime commercial
paper Is quoted at 4f@5£ percent.
The Bank of England weekly statement on Thursday showed
gain in specie of £662,000, and the percentage of reserve to
was 45 00, against 42'35
last -week; the discount
rate remains unchanged at 3 per cent.
The Bank of France
gained 2,250,000 francs in gold and 400,000 francs in silver.
The New York Clearing House banks in their statement of
January 21 showed an increase in surplus reserve of $5,123,200,
the total surplus being $20,014,475, against $15,791,275 the
previous week.
The following table shows the changes from the previous
week and a comparison with the two preceding years in tlie
a
liabilities
averages
of the New York Clearing House banks:
|
J’rev. Wce/i.
^
^
!
<p
j
$
1880.
Jan. 23.
1887.
to
Diffr’ne's fr'm
1888.
Jan. 21.
|
'
1
!
$
$
338.0 7,700
80.71)8,500' 08,281 3<‘()
Loans and disc’ts. 354.707,000 Doe. 1,400,000 351.448.200
80.110,100 Ine.3,060,100
7.004.400 Di e.
207,100
Specie
Circulation
deposits
Legal tenders
Le^al reserve
375,048.500 J
Reserve held
I 1 t
Net
Surplus.
lie
7.*<>:>,400;
0.0 >0.4 00
.1.8! 6.000 380,060.000 380,832,700
34.500,500 Inc.2,511,100
24,013,100
34,287,000
454,000 05.015,225! 97.453.175
,070,000 fne .5,577,200 113,81 1,000 132,571.700
05.702.125 Ine.
I 20,014,475 Inc.5,123,200, 18,790,375
Exchange.—Sterling exchange has been
demand lias not
been
very
brisk at any time.
35,113,525
quiet, and the
Rates have been
actual
have,
irregular, and
rates
declined a little,
though no changes have been made in posted rates. The sup¬
ply of security bills has been liberal, though commercial bills
have continued in limited supply.
Some drawers have been
asking •Jc. higher than the posted rates quoted last Friday,
though this higher rate was not maintained to-day, the rates
Being 4 85 and 4 87Y
To-day the rates on actual business were as follows, viz.:
Bankers’ 60 days’ sterling, 4 84$@4 84J; demand, 4 86£@4 87.
somewhat
bonds, and the
business of the week has amounted to a considerable total.
The transactions are not by any means confined to the Stock
Exchange, as many large issues of bonds are being disposed of
by bankers. The business in this connection is reported to be
large, and tlie foreign demand lias also been considerable dur¬
ing the week. On the Exchange fcthe tone of the bond market
has been irregular, and the. rise has not been so general as it
was a week or two ago.
Many classes have reacted somewhat
from the highest points touched, though the majority continue
firm, and not a few have shown marked strength, including
Nickel Plate lsts, St. Louis Arkansas & Texas lsts, .some
of the Oregon companies’ issues, San Franeboo bonds, Texas
& Pacific bonds, Ac.
A though these are some of the bonds
in which the rise has been most consp:cuous, many others
have improved, and the market, as a whole, is strong.
Railroad and Miscellaneous Stocks.—The
stock
market
continues extremely dull, and business during the past week
There is not a general demand for
lias been on a small scale.
stocks as yet, and the transactions are confined .mostly to the
their
The tone lias been irregular, though the changes
have not been important in either direction—at least for the
majority of stocks. The Gould stocks were conspicuous for
weakness at one time, and they, including Manhattan, were
the weakest stocks on- tlie list.
They have recovered their
decline, however, and the downward movement was of no
special significance. Manhattan has been very irregular and
has fluctuated widely. The coal stocks, after some irregularity,
showed considerable strength 111 the latter pait of tlie week,
when the whole market improved 111 sympathy, and showed a
perceptibly stronger tone.
This was partly due to the
covering of shorts, but the rumors of a possible settlement of
the Reading strike also had much effect.
The sharp advance
of Delaware & Hudson was a feature, the report of the com¬
pany showing a large increase in earnings over last year.
St.
Paul was also more active and stronger, some quite heavy trans¬
actions having taken place in the stock partly for the account
of Chicago operators who are reported more bullish.
To-day, Friday, the market held its strength, Jersey Central
coming to the front in the last hour and selling up to HOJ, aud
the rest of the list generally closing near the best prices of the
day.
room
traders, and fluctuations take place according to
operations.
THE CHRONICLE
]1
January 28, 18£8
127
STOCKS-PRICES AT N.Y. STOCK EXCHANGE FOR WEEK ENDING JAN. 27, AND SINCE JAN. 1, 1888.
HIGHEST AND
I
LOWEST PRICES.
Sales
Range Since Jan. 1,1888.
of the
STOCKS.
Saturday,
Monday,
Tuesday.
Jan. 21.
Jan. 23.
Jan. 24.
Wednesday,! Thursda3T,
I
Jan. 25.
| Week,
Friday,
Jan. 26.
Lowest.
(Shares.
Jan. 27.
Active RR. Stocks.
375 10
Jan.
10i2
10% 10% *10
10%' 10% 105s
*1010 10% *10
10% 10%
Atlantic & Pacific
500 58
58
I 59
Jan.
*60% 61
*60% 61% x58
5958
y60% 62
Canadian Pacific
5355a 53%
53% 54%:
53% 53%
53% 53%
531i 53<%
54% 55 %l
5,194 5354 Jan.
Canada Southern
78
Jan.
S-isi 77% 78 %}
78% 8014: 15,500 75
78%
77% 7855s
78% 79 j
775s
Central of New Jersey
31
31
31
31%>
31%} *31
3154 3154
3134 3134!
31% 32 %l
1,222 30% Jan.
Central Pacific
4
Jan.
4%
*3%}
*3%
4%' *3% qio *3554 4%' *3% 4%
Chesapeake & Ohio
452
10
10
9
9 “i
7
Jan.
9%
9%5
*8% 10 |
*8% 10
Do
1st pref.
124
5
5
6
*5
*5
I *5
5%
5%
534!
5%
4% Jan.
Do
2d pref..
S84 127% Jan.
129
129
129%> 129%> 129
129% 129% 129*0 130% 1305.2
884
Chicago Burlington A Quincy. 1*128% 129
7o
75
74% 75%
75%
•554 75%
76% 76% 137,311 74
Jam
7534 76%
Chicago Milwaukee & St. Paul, i 75 % 75 %
115
115
*114 34 115
115
880 112 % Jan.
Do
115%
pref.! 114% 114% 115 115 *111% 3.15
108% 10854 108% 108% 10954 109 50 109%: 18,994 106% Jan.
Chicago & Northwestern
> 108 % 108% 107% 109is 108
145
143
143
Do
144% 1441.2 *143% 145
pref J*143% 143% 145
j
306 140% Jan.
113
113
1 112% 113%
113% 114%
1,606 111% Jan.
112% 113
Chicago Rock Island & Pacific.
15
*14
15
I *14 ' 15
*14
15 j
| 13 Jan.
Chicago St. Louis & Pittsburg. *13
36
37
37
Do
371.2'
950; 36 Jail.
! 38
38
pref. *37% 39
39
39
39
39
%
38%}
395s
3914
38%
38%
39%
35)54
39%
2,405
38% Jan.
Chicago St. Paul Min. & Om...
108
109
109
Do
*107% 108% 107% 107% *107
pref. *107%} 108%) K107%j 10.)
j
145 105% Jan.
*50
*50
52
52
nii
52%' 5214 5254!
400 52 Jan.
Cleveland Col.Cin. A IndianapJ *50
52% *50
200 23
*23% 24 %! *2334 25
Jan.
Columbus Hocking Val. A Tin.!
24% 24 %
130
131
129% 12934 12930 13054
Delaware Lackawanna & West! 1291s 129% 129% 129
o
400
22
22
21%
2130
23
21% 21% *21%
11^ 00
*2134
21% Jail.
Denver & Rio U., assessnrt pd.! *21%}
314 52
53
Do
*51% 53
Jam
54% 54%
52% 52% *51% 53 %
53% 53%
pref.
10
10
10
*10
495
10
10
i
Jail.
%}
10% 10%
10%
10%
10% 10%
East Tennessee Ya. & Ga. R’y. *10
300
61
"58
61
61
*58
*59
Do
1st pref.
59% 59%
5954 59% '59% 61
59% Jail.
00
00
23
540 21 % Jam
*22
Do
2d pref..
21% 21%
21% 21%
21% 21%
*21% 22%
>
*85
Evansville A Terre Haute
Fort Worth A Denver City
4058
9
119
Bay Winona & St. Paul.
Green
89
41
9
'
89
*85
41%
*85
41
9
415%
II914 *118% 119
13
*13
11%
*27514
*27%
*14554 15%
44 % 44 %
02 % 93
92% 927s
Illinois Central
Ind. Bloom. A West
Lake Erie A Western
Do
pref.
Lake Shore & Mich. Southern.
Long Island
!
Louisville A Nashville
Louis. New Alb. A Chicago...
Manhattan Elevated, coiisol..
1
i
Mil. Lake Shore A West.......
Do
78
99
7%
*15
17
loo
pref.. loo
Minneapolis A St. Louis
83%
7 (5 %
83%}
82%
*75 %
;
Do
pref.:
Missouri Kansas A Texas
Missouri Pacific
17
83%
17%
84 j
82%
79
New York Central A Hudson
New York Chic. A St. Louis...
Do
1st pref
Do
2d pref..
New York Lake Erie A West’ll
Do
pref.
New York A New England
New York Ontario A West
New York Susq. A Western...
Do
pref.
Norfolk A Western
I
h;o
36
•*
31%;
31%
17
17
11
43%
pref.
Northern Pacific
'911.>
Do
4(5%
pref.
Ohio A
Mississippi
1
Oregon A Trans-Continental..;
Peoria Decatur A Evansville.:
Philadelphia A Reading
Riclunoud A West P’tTerminal;
Do
pref.
Rome Watertown A Ogdensb’g
St. Louis A San Franeiseo
i
23%
22%
*1!)
61
%
22 %
55
85
•
27%
62%
36%
1 7
*
8
*31
».)
46%
23%
22%
64 %
22 e>
55
85
*35
85%
83%
83%
76 5o
7(550
99
7%’
17
16%
101
s
*15
i
12
*
1 (I %
83%
1 1
107% 107%
17% 17%
107
6!)
*(55)
*65)
"33
34
28
*17 %
9%
8%
435.J
41%
21 %
«>.)
455.2
46%
‘>31.,
23%
*31
1652
43 5*2
21 %
45%
22%:
20%,
<5534:
22%:
55 %
85
3(5
;
27%
21 %
*19
65
*
55%
55%
*84 !•)
>• >
8(5
j
’"s’*!
84
B4%
7(55.2
17%
85%
12
14
75)
13%
1312
;
13
107%
107%!
107%
17*.)
71
!
34 1.)
17
70%
33%
2770:
28
63%
3(5%
17%
17
72
33 %!
28 5o
65
;
37 L.
j
17%;
9
8%
31 %
31 5.'
1(5%
16%;
44
21
46
215.)
44%
2 1 5*>
45%
233t
45%!
45%
231-21
‘>17.
1
s
23%;!
23
.>*>
»>*->
15) %
20 %i
6 4 34
65%;
1
%:
5*2
55%
%|
snij
85
%!
55 %
851.)
85 5*>
—
22
0.
79 ig 79 50
I
107's 108
17% 17%'
7134 ™ I
20 52
00 '.4
3..»%l
28%
34
285.)
64 %
64
37 %
37%
17%
18
9
9
31%
17%
44%
2154
46
23
%
1
22%
20%
(55 %
22 %
—
i
!
S
16
35
!
%!
32%
17%'
45%
21 %
46 %
23%;
214|
'20
65%
22%
56%
*85
36
3(5%
36%
pref.j *70% 71 %
1st pref. ■ 112% 112%
/
Adams
American
Uidted States
140
107
74
! 128
Wells, Fargo A Co
Inactive Stocks.
American Tel. A Cable Co
1
Do
pref.!
-
145
|*140
145
71
’(!
44%
*(5 53
Cleveland A Pittsburg, <iuar..| 156%
Illinois Central, leased line...I *94%
71
138
129
128
125)
Oregon Short Line
1 *1(5
Pitts. Ft. Wayne A Chic
j*152
«> / %
Pittsburg A Western, pref
1 1
Quicksilver Mining Co
Do
37%
pref.
138 % 138 %
94
94
*75
80
156%
15(5
96
95 %
*85
*76
*3 3a
*6
*156
95 >4
"94 %
"86
90
6,507
40
66% 200,830
22 '0
565.2
87
—
16
10%
11%
37 %
132
*90%
75 %
*128
%
6%’
*156
95 % *94
90
89
73
73
138
*137
95
75 %
5)0
89
*89
11%
11%
37
37
3734
38%
*8
10
10
28%
29%
27%
28%
2934
33%
93%
32%
33%
88 %
90%
no
37
11
85)%
29
37
27
'2!)
*8
76
'3%
4%
6%
(5
156
95 %
!»0
*
11
37 %
39
%
6 145
6 114%
4
14%
24 38%
23 4034
4 109
26 53
4
5
23
20
3
25
152% 152%
37
27%
30%
32%
33
32%
33
8(5%
89%
85%
88%
32%
87%
*1 1
20.100
1,415
518
925
4
Jan.
19
10
63% Jail. 20
21% Jan. 25
(5
55
Jail.
St
23
Jan.
6
54% Jan. 10
10% Jan. 12
62% Jan. IO
Jan.
7
88% Jan. IO
12
*37
"
35%
40 “
9
%
9%
22
23
34 Jan. 18
Jam 11
66 34 Jan. 11
23% Jan.
9
57
9
Jan.
9
Jail.
85%
<5
35% Jan.
30%
1,274 70 34 Jail. 20 72 %
105 112
Jail. 25 116
105 60
Jan. 20. 62%
225 10050 Jan.
3 104 50
8.1^7 109
Jan. IS 111%
15 113
Jan.
238 10634 Jail.
1,(533
(57
Jan.
121 128
Jan.
20
24
2*5
23
!
3% Jam
Jau.
6
311153
250 93%
464: 833a
77 135
50
15
159 151
37
Jam
Jail.
Jam
Jam
Jam
Jam
Jam
Jam
1,900 10
300! 33% Jam
300j
36
Jam
i:i% Jam
27%
31%
27%
31%
5,969i 27% Jau.
32%
32%
86%
33%
88%
774,ooo\ 85% Jam
9,710.
58% Jan.
3
Jan.
3
6
16
28% Jan.
3; 54% Jan. 10
20
3!
37
78
Jam 27
Jan. 13
3 110% Jau. 27
5
55
Jam 18
5 94% Jam 21
24 37% Jam 16
18 102
Jail.
5
0; 113% Jan. 27
23
79 % Jan.
9,! 145
9
Jan. 23
3 108 :l4 Jam 25
4
71
Jan. 29
19 130
Jan.
4
Jan. 12 73
9 138%
Jan.
Jail. 27 91
Jail. 25 77%
325!
200
Jau. 20
Jan.
5
Jan. 18
Jan. 16
Jan.
3
Jan. 19
Jan. 23
26% Jan. 10
!
420 70
360 135
200 91%
176 75 %
28
31 %
89
Jan. 23
Jan. 27
Jan. IO
Jan.
6
Jan. 10
Jan. 27
Jan.
9
2578Jau. 9
131% Jan. 27
23
20% Jan.
400
100
2,110
10
27%
156
95 %
90
17
%
30
4
(5
139% 135)%
......
*
11
91%
*7(5
%
152% 152%
27%
2934
sale was made at the Board.
138
..
2s %
30
34
72%
238
93
*10%
152% 152%
"72
91%
7(5 %
"33a
6%
*156
10%
85)%
prices bid and asked;
71% 72
*136
140
11%
16%
•i
*35
*15
*7
the
72
138
95
*152
37%
Bt. Louis Ark. A Texas
South Carolina
Wliitebreast Fuel Co
Columbus A Hocking Coal
27%
Tennessee Coal A Iron
29%
Various Stocks. Arc. (Unl isted.
Amer. Cotton Oil Trust
j 33
are
*128
34
3!)
These
140
145
145
108
108
108
73 %
72% 73%
13 L
*128
132
144% 111% *110
10834 108 34: 108
72
73
73
......
16 34
17
*30
91%
138
*90%
8t. Louis Alt. A Terre. Haute..
I
128
*70%
78
4 %
(5%
Marquette Hough. A On., pref. I *8(5
90
Morris A Essex.
' 139% 139%
Pipe Line Cert ideates
115
10734 108 5.2 '107 52 109
72
72 % 74
73%
4115% Jan. IO
4 109% Jan. 27
I
Chicago A Alton
*137
Chicago A Ind. Coal R’y, pref.'
Cincin. Ind. St. Louis A*Chic..!
Cincinnati Wash. A Baltimore.
145
10!)
74
130
24
20
27
10
%
<
Hxpi'esg Stockn.
4
10
Jan.
12
6
Jan.
6 130% Jan.
4 77% Jan.
87
Jam 20
40% Jam
8% Jam
3(5%
%! 36% 36%
3(5% 3(550
36%:
365-2
71 % 71 34!
71 % 71 %
72
1 71 % 72%:
*2%
1
10
113
:
112
112
105)1.2 112% r10!)i.2 1 12 5->
112% 1121-2
62
*60
62
I
61
I
•59
(51
St. Paul A Duluth
i *(50
6l3t (5134! *60
(50% 60%
104
106
; 104
10(5
Do
104
104
pref.-, *103% 104 % 103 5.J 104 5-2 103% 105
Bt. Paul Minneap. A Manitoba. 105)
J 10
112
114 % 111% 113 >4 112
113% 112 >4 112%; 1 13% 113%
25
25 %!
25
2 4 34 2 4 %
25 11
25
Texas A Pacific
25
24% _.) <4'
7,472 24% Jan.
25% 2(55.4
5(5'Union Pacific
5(530 57
;>, ‘0;
56% 57 l*>
55% 5(5%
55,907 553.S Jam
553t 5(5%;
56% 57
15
14 *2
15
*14
*15
151
15 “
15
Wabash St. L. A Pacific
1,525 14% Jan.
14% 15%!
15% 15%i
275.) 27‘
25 5.) 27
26
27
Do
2(?% 26%
2,020 25% Jan.
20% 20% *27% 28
pref.
51
51 53
4!)% 50%
50 52 51
50
50
51
51
50% 51
1,700 14% Jan.
Wheeling A Lake Erie
IVIiNcclInneons Stock*.
'35
3 1 34 3 13.4 *34% 35%
Colorado Coal A Iron
35%
35% 3534
35% 3 <
1,800 34% Jan.
'6 34
'(5 34
7(5
70 %
Consolidated Gas Co
Jail.
2,881 75
'%! 765*2 7(5 34 76 % 7(514
76% 76%
107% 107
Delaware A Hudson Canal
107% 108
109%! 109% 110% 17,372 103
106% 107 % 10(5% 10(5% 107
Jan.
54 % 54%
52
52
54 % 54%
;>2 '0
53% 53%
1,480 45% Jau.
52%
Oregon Improvement Co
521b! 52
93 34 9334
94
5) 1 %
9334 93%
94%
Oregon Railway A Nav. Co...! 94
93% 93%
9334 5)4
3,495! 8!)% Jau.
Pacific Mail
1
34% 34%
35% 353a
34% 35%
35% 351.2!
35% 35%
8,980 31% Jan.
25
5)9
Jail.
100%
10034 10034
Philadelphia Co., Nat. Gas
*..
99%
143
Pullman Palace Car Co
141% 1 12 5q 14142 141 % 142% 1 12% 142% 1 12%
143%
2,403 140 Jan.
j I ll 142
Western Union Telegraph
1 %
77% 77%
( / '0
76% 78 |
7(5% 77%
773a
’8% 41,366 76% Jan.
77% 78
Do
Do
Jan. IO
Jan.
3
Jan.
9
Jan. 27
Jan. 10414 Jan.
7
.
lOUUl
101
*7
1(5
17%
44%'
21%
90%
.7*5%
3
19
18
10%
62%
V:
56%
80a4
33%
......
89%
84%
17
43 %
2 1 !s
54
S5
*:w>
<51%
40
%!
31%!
.).)
83%
90
85%
31%
64 %
90
77
1(51.2
20
61
*35
93%
84%
32
-
5)3%
89%
15%
46
84%
17%
■8%
*
15%
46
17
1734
8 34
OO
14
7
17%
9 %:
.
1 2 1.)
17.
26
1
23
4(5% Jan.
3
9a4 Jan. 27
901 116% Jam
6 12010 Jan. 27
200
13
Jam 21
14
Jan. 20
Jan. 14
27% Jam 1(5 28
300 14% Jam 24 15% Jan.
9
450 44
Jam 20 47
Jan.
9
9,965 92% Jam 24 95% Jan. 9
(510
89
9
Jam
91
Jan.
5
24, t 60 60% Jam 20 04% Jan.
9
i 3!)
Jam 10 3!)
Jail. IO
(5,022 85% Jam 24 96
Jan. 10
9
52
Jam
53% Jan. 9
2,805 82% Jan. 20 87% Jan. 9
510
Jan. 10
6% Jan. 24 80
52 5
9!)
Jan. 23 104 % Jan.
5
100
5 % Jam
3
9I4 Jan. 11
200
1(5
Jan.
17% Jan.
9
2,105 1(5% Jan. 25 18% Jan.
5
52,705 82% Jan. 20 8934 Jan. 3
150
6
13% Jan. 27
!)% J an.
1,200 7(5 Jan. 5 80 Jan. 9
1.874 107
4 108
Jan.
Jail.
9
1
1,073 16% Jan.
1734 Jail. 27
230
( 56% .Jan.
4
73
Jail. 27
475 31% Jan.
55(5
1
Jan. 16
27,310 27% Jan. 20 29% Jan.
9
1,310 01
Jan. 20 65%JRt.n. 30
17,140 3(5 Jan. 24 3914 Jan. IO
414. 1634 Jan.
1.
18% Jan.
9
825
4
834 Jan.
7
9% Jan.
1,925 295-j Jail. 5 32% Jan. 27
815
15% Jan. 20 17% Jan. 27
4
10.100 42% Jan.
45% Jan. 27
2,705 21% Jan. 25 23
Jan. 10
6,1 1(5 45% Jail. 20 47% Jan. 10
2,100 23
5 24% Jan.
Jan.
6
1,150
*28
15
17
0(534!
21%;
45%
3,1(55
9%
120%
4
3(5
43% |
*
100
89
43
17 'j
1750
37
36
17%
17
85
27%
37%
32
55%
—
|
62%
17%
70
34
>
*
i
'
10%!
4*5%
19%
61%
22 %
.
9
120
40
87%
%
1
*98
j
42%
13%
83%
|
83%:
12
* * >
t >
8
8
82%
I
9
14% *14% ' l5 '
45% *45% 46
93 i 92% 93
85)i->
90% 5)014
(50 34
61
61%
80
17
17
I
!
4254
5)
40.J *35
83%j
15
84%:
17
41%
*88
AOg
76i0i *7(5
i
*
j
87
*12
135.2
*35
8(5
IOI54 101%;
%
34
%
21%
■
91
(51
40
88
(50 %
3 07%:
*33
L < 's
(52
3 < :{s
92%
*89 %
40
89
87
| 119% 115)34
119
lUlt
451.2
92%
89%
60%
24%
44%
92%
/
1<5%
(58 34
2/%
14%
s
107
,
.Do
w*7
79
115)
*
12
14
*41
14
11
Mobil*} A Ohio
Nashv.Chattanooga A St.Louis
41%
*28
61%
*35
86 %
40
90
|
9
*12
91
60%
61%
89%
Memphis & Charleston
Michigan Central
*90
91
91
61
*36
85)
4034
41%
115)34 115)%
13
Kingston A Pembroke
*85
89
Highest.
8
Jam
88% Jam
2(5% Jam
29% Jam
5)
9
Jan. 26
Jam 23
Jan.
Jan.
9
5
4% Jam
9
6% Jan. 16
5 157
Jail. 19
r> 96
Jam
4
4
90
Jan. 27
3 135)% Jam 27
5
17% Jam 20
5 153
Jan. IT
9
!5; 38
Jail.
5
13% Jam 12
4
38 % Jan. 10
<)
39
Jan. 11
5)
16% Jan. 16
9% Jan. 27
•7!
4
89% Jan. 23:
5
30
Jam
9
4
31% Jau. 26
4 34% Jan. 17
17i 97% Jan. 1<*
THE CHRONICLE.
128
BONDS—LATEST PRICES OP ACTIVE BONDS AT N. Y. STOCK
Range since Jan. 1.
Closing.
Railroad Bonds.
Jan. 27 Jan. 20
Atl. A Pao.—W. D. ino., 6b,
Guar., 4b, 1937
Can. South.—1st guar.,
1910
------
5b, 1908
2d, 5s, 1913
Central of N. J— 1st, 7b,
Consol. 7b, 1899
1890..
27%
81
107
94
b.
26 %a.
81
106 b.
103%
116%b.
b.
100%
General mort., 5s, 1987
Len. A W.B.,con.7B, 1909,aa’nt 114%
Am. Dock <te Imp., 5s, 1921. .. 102%
Central Pacific—gold 6b, 1898.. 113%b.
115%b.
Ban
Joaquin Br. 6b, 1900
Land grant 6b. 1890
More. 6s, 1936
.
Cnee. & O.—Pur. m. fund
103
...
6a, ’98
B.1908, coup, ofl
coup., 4b, 1986
6b, gold, ser.
Exten.
6b, currency, 1918
Mort. 6e, 1911
26
80
LOS1* Jan.
92*4 Jan.
108 b. L07% Jan.
115%b. HI1*) Jan.
118%
98 b.
99%
98
Jan.
114
113% Jan.
102%
101% Jan.
113%b. 113*v Jan.
115%b 1145s Jan.
102
Jan.
69
69
70
Jan.
Jan.
26%b.
22
277s Jan.
b.
Aeaented
Den. So. Pk. <fe Pac.—1st, 7s, '05
Det.Mac.&M.—Ld.gr.3%6,1911
E.TemV. A G. Ry.—Con.,5b, ’56
^x. & B. Sandy—6s, 1902.
Vfct. consol, gold, 7b, 1920
Long Dock, 7s, 1893
Eliz.
Eric
Con. 68,1935
N.Y.L.E.&W—2d con. 6s, 1969
Ft. W. &Denv. C. -1st, 6b, 1921
Ged.Har.& San. Ant.—1st, 6b,’10
2d M., 7b, 1905
West. Division—let, 5s, 1931.
2d, 6b, 1931
Or’n B. W. &St. P— 2d ino. 8s, 1911
Gulf Col.&San.Fe— let,7b, 1909
Gold, 6a, 1923
Kent. Centr.—Gold 4s, 1987.
10/% Jan
129% Jan.
104% Jan.
Jan
94
113
Jan.
Jan.
97
Ill1*
123%
111%
b. 101%
Jan.
Jan.
100
100
Jan.
Jan.
/%
107%b. 107
120%
120
100 %a.
loo%a.i
124%i). I24%b.l 123
108
72%
72
121
71
66
81
71%
70*2 Jan.
73
70
119%
77%
79%
99
104
119% Jan.
76*2 Jan.
74
a.
67
a.
71
66
101%b.
97
b.
b. 112
b. 116%a.
99
99%
82
80%
106
b. 105 b.
104 a. 104 a.
92 a. 92 a.
136
Ill
113
31%
87
%b.
Jan
Jan.
11034 Jan.
97%
2d mort.. 7s, 1891.
Jan.
Jan.
Jan.
11634 Jan.
Jan.
98
16% Jan.
1
Jan.
126
113% Jan.
Jan
Jan.
Jan.
Jan.
104
101
101
143
131% Jan.
Jan.
Jan.
110
109
105% Jan.
Jan
95
132*4
107%
120%
100%
Jan.
Jan.
Jan.
Jan.
123
108
lo4
Jan.
Jan.
Jan
72% Jan.
75
121
Jan.
Jan.
79% Jan
Jan.
72
'68% Jan.
7.8% Jan.
Jan.
Jan.
Jan.
43
99
101
136% Jan.
113% Jan.
Jan.
117
997s Jan
Jan.
Jan.
s2
106
104
91
Jan.
Jan.
105% Jan.
92% Jan.
30
119
Jan.
Jan.
122
32% Jan.
Jan.
97:% Jan.
96% Jan
110
Jan.
114%b
1
114
114
107
! 113
115%
1145b
112%
108%
Jan.
Jan
Jau.
Jan.
67
Jan.
114% Jan.
Jan.
b. 112% Jan.
5. 107
Jan.
b.i 65
Jan.
66
no%i>.!
b6
b.
7 L %l>.
86 b.
71% Jan.
89% Jan.
71% Jan.
87
Jan.
87
109
72
69
Jan.
Jan.
Jan.
111% Jan.
Jan.
Jan.
94% Jail.
103% Jan.
Jan.
Jan.
120%b. 12l%b. 120% Jan.
127
125
121
Ill
Jan.
Jan.
111% Jan.
Jan.
Jan.
110
97
112%a. 109% Jan.
113
lio
86
l).
110
a.
111%
72
74
93 %a.
75
75
92
85
b. Ill
b. Ill
120 b. 120
109 %b. 108%
97
b. 96%
114 b.
Jan.
103
92%
Consol., gold, 6b, 1916
92%
90%
102 b. 100
Mem. A Ch’lBton—6s, gold, 1924
Metro. Elevated.—1st, 6s, 1908. 113%b. 113 b. 113%
103 b. 105%
102
2d, 6b, 1899
8d,7s, 1906
Pao. of Mo.—1st, 6b, 1888..
Jar.
lo5% Jan.
109
b. 108
Jan.
b. 103%b. 109% Jan.
Ill
a. 109
Lou. N. A. A Ch.-lat, 6s, 1910. 103%
Jan.
Consol. 5b, 1902.
103
132
106
95
109 %b. 108% Jan.
b.
Lou. A Nash.—Consol., 7s, 1898 120 b.
N. O. & Mobile—1st, 6b, 1930 110 b.
97%b.
2d, 6s, 1930
113
b.
E. H. A N.—1st, 6b, 1919
113
General, 6s, 1930
110
Trust Bonds, 6a, 1922
10-40, 6b, 1924
10s% Jan.
97is Jan.
Jan.
79
30%
i).
Jan.
Jan.
135% Jan.
Ill
122
a.
Jan.
80%a. 78% Jan.
39% : 34*2 Jan.
97% 1 95% Jan.
a.
41%
108
69
Jan.
b. 107 *2 J an.
10.:%
100
Jan.
104
121
97
Jan.
b. iOO
..
1st, consol., 5b, 1931
Jan
Jan.
j
b.
Knoxv. &.O.—1st, 6b, gold, 1925
39*4
L. Erie A W.—1st g., 5b. 1937
103%
103%
101%
LakeSh.—Con .coup., 1 et, 7s, 1900 127 a. L26 b. 125%
Con. coup., 2d, 7b, 1903...
124%b. 123%b. 122%
Long Island—1st, 7a, 1898..
Jan.
Jan.
96
90*2 Jan.
105
b. 143
139*2 Jan.
b. 130%
128% Jan.
120 b.
109 %a. 108
Jan.
Henderson Br.Co.—1st. 6b, 1931 109%b.
114%
H. A Tex. C.—1st M. L. 7s
113%
1st, West. D., 7b, 1891
114
b.
1st,Waco A N. 7s, 1903
2d, oonsol. M. L. 8b, 1912
Gen. mort. 6s, 1921, tr. ree..
Iud.BL <feW.—1st, pref.,7b, 1900
1st, 5-6s, 1909, tr. rec
2d, 5-6b, 1909, tr. rec
East. Div.—6b, 1921, tr. rec..
Income, 6s, 1921, tr. rec
Int. A Gt. Nor.—1st, 6s, gold,’19
Coupon, 6s, 1909
Jan.
109
108 %b. lU8%b.j 108% Jan.
105
b. 105%
1 105 Jan.
94%
94%
94 % Jan.
132
131%
131% Jau.
10
94*2 Jan.
108% Jan.
116% Jan.
67% Jan.
67% Jan.
65
let, 8o. Min. Div.—6b, 1910—
103
let, Chi. A Pac.W.Div—5s, ’21 104
101
Wifl.&Min. Div.—5s, 1921... 101
100 %b. 100%
Terminal 5b, 1914
131
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
94
142
Ohio. & N. W.—Consol. 7b, 1915
82
107
100'**
11-1*2
102*2
114%
1145g
10334
1(3%
10278 Jan.
b.
b.
b.
68
68
26
96
27% Jan.
Jan.
lU358
Il2%
128%b. 127
105%b. 110
112
112
115
Jan.
Jan.
Jan.
Jan.
Jan.
Jan
Jan.
Jan.
b. 117%
115
103
b. 10258 Jan.
103%
104
Jan.
105%b. D4%
EXCHANGE, AND RANGE SINCE JAN. I, 1888.
Closing.
Jan.
77
75
Jan.
Jan.
Jan. 27 Jan. 20
'
Jan.
Jan.
Jan.
Jan.
Jan.
116%
105%
128%
110%
Jau.
Jan.
Jau.
Jau.
113 % Jan.
117% Jan.
103% Jan.
104% Jan.
Lowest.
Highest.
b119% Jan
b. 116 a. 11678 Jan.
b. 109%b. 1( 5% Jan.
107%
b.
120% Jam
117% Jan.
104% Jan.
.......
105
Jan.
b. 56 b. 53
Jan.
Imp. A Equip.—6b, 1922
63
Jan.
69%
70%
Mo. K.&Tex.—Con., 6s, 1920...
60
59
Jan
60%
Consol., 5b, 1920...
106
105%
104% Jan.
Consol., 7s, 1904-5-6.
112 b.
108% Jan.
Mobile A Ohio—New, 6a, 1927
105 b. 105%l> (05% Jan.
1st, Extension, 6b, 1927
46 %b. 44 b. 45
Jan.
1st prel. debentures, 7b
86
85%
84% Jau.
Mutual Un. Tele.—S. f., 6s, 1911
........
..
..
115%
116%
105%
102 %b.
11
102
133
75
98
Ore. R.&Nav.Co.—1st, 6s, 1909 109%b. no
100
97%
Consol., 5s, 1925
75
127
Jan.
.......
113
100
Debenture, 6s, 1927
Rocb. A Pitts.—1st, 6s, 1921... 119
115
Consol., 6s, 1922
Ogd.—1st, 7s, 1891. lo8
103
Consol., extend., 58, 1922
Rome W. <fe
b.
b.
b.
b.
Ill
IliO
117
b. 109
b. 100
b.
I14%b. i 13
108
b. 107
.
Jan.
Jan
Jail
Jau.
Jau.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
100%
—
So. Pac., Ari.—1st, 6s, 1909-10
Bo. Pac., N. M.—1st, 6s, 1911.
Tex. <fe Pac.—Inc. A Id gr, 7s
Rio Grande Div.—6s, 193<
..
107%
50%
105% Jan.
47% Jan.
67%
09%
6->% Jan.
59 b.
61
b.
tO
Jan.
93
85
Jan.
94%
100 b. 101 b. 101
Jan.
82 b. 8u%b.
95
b.
98 b.
93
Jan.
93
48
a.
92
b.
91% Jan.
114%b. 114 %t>. 114
Land
grant, 7b, 1887-9
Sinking fund, 8b, 1893
Kan. Pacific—1st,6b, 1895.
1st, 68,1896
Denver Div.—6b, 1899...
1st consol, 6b, 1919
Chicago Divison—5s, 1910...
1st, St. L. Div.. 7s, 1889.
2d, extended, 7s. 1893..
Con., conv., 7s, 1907—
2d, 7b, 1893.
West Shore—Guar., 4b.
106
113
93
Jan.
Jan.
Jan.
111%
73%
115%
116%
105%
102%
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
115
Jan.
Jan.
Jan.
Jan.
99% Jan.
110
Jan.
100
Jan.
96
Jan.
109
Jan.
106
Jan.
75
Jan.
59% Jan.
113
Jan.
100
Jan.
102 %b. 101% Jan.
100
9r>
Jan.
40 b. 40 b. 41
Jail
2d, income, 5b, 1925
L12 b. 113
Jan.
St. L. Alt.& T.H.—1st, 7b, 1894. 113
109 b. 109
109%
Jan.
2d, M., pref., 7s, 1894
10 j %b. 104%b.l 103
Jau.
2d., M.,inc., 7b, 1894
41
a.
38 a. 38
Jan.
Dividend bds, 6b, 1894
102%
103%
98
Jau.
45%
47%
•i0% Jan
2d, 6b, 1936
111
b. Lll%
109% J in.
St. L. A Ir. Mt.—1st, 7s, 1892.
110
109
Jan.
2d mort., 7s, 1897
105
b. 105%b. 105
Jan.
89
b. 89
90%
Jan.
Gen. Ry. A landgr., 5b, 1931.
117
b. 11 )%>». 113% Jan.
b. 115% Jan.
117
u. 115
6b, Class JB, 1906
b. 114
117 b 115
Jail
6b, Claes C, 1906
114
b. 113%b. 112% Jan.
Gen’l mort., 6s, 1931.
100%b. 100% Jail.
102%
Gen’l mort., 5b, 1931.
101
b. I00%b. 100
Jail.
Jail.
lll%b. 11 l%b. 112
117
Jan.
2d, 6b, 1909..
116 b. 115%
114% J in.
1st cons., 6b, 1933
96 %b
96 %b.
Do
reduced to 4 %s
96% Jan.
90
Jan.
92%b.
34%b. 36 %a
31% Jan.
GenT mort., 6b, 1921
100
b.
98 b.
97
Jan.
So. Carolina—1st, 6b, 1620
69
jail.
74%b. 72%
2d,6s, 1931
17 b
15
Jan.
18%
Inc., 6b. 1931
Ill % Jan.
11276
So. Pac., Cal.—1st, 6b, 1905-12
St Jo. AGd.Isl.—1st, 6b, 1925
Jan.
104
34
7<>
9..% Jau.
95%
93
Oregon A Transcon.—6b, 1922.. 95%
106
Peo.Dec. A Evans.—1st, 6b, ’20. 107 b.
Evanav. Div—1st, 6s, 1920... 104%b. LOO a. 104
/ 5
75 %a.
72
2d mort., 5a, 1927
59 a.
o5
Rich A All.—1st, 7b, 1920, tr. rec 55 b.
Jan.
108% Jan.
94% Jan.
109
Jan.
Jan.
90% Jan.
117% Jan.
99% Jan.
115
b. I14%b. 114% Jan.
115%b.
104%a. L02 b. 99% Jan.
33 b.
33
31% Jan.
74 %b.
Jan.
Jan.
Jan,
Jan.
134% Jan.
109% Jan.
b.
i 99%
73%
63%
106%
110%
130
105
i%b. 112% Jan.
115% Jan.
116
105
101
Jan.
Jan.
Jan.
Jan.
86% Jan.
b. 127%b. 128% Jan.
105
b. 104*4 Jan.
134 b. 134
132% Jan.
L09 b. 109%
109
Jan.
Debenture, 5b, 1904
132
b.
133
128% Jan.
N.Y.&Har.—1st, 7b, 1900
88
90
86*4 Jan.
N. Y. Chic. &St. L.—1st, 4b, 1937
114 %b. L15
N.Y. Elevated—1st. 7b, 1906..
114% Jan.
Jau.
N. Y. Lack. A W.—1st, 6s, 1921. 126%b. 126%b. 127
108 b. 1077e Jan.
108%
Construction, 5b, 1923...
105
105%
N. Y. A Nor. —1st, 5s, 1927.
102% Jan.
109
Jan.
N. Y. Ont. A W.—let. 6s. 1914.. 112 b. 113
91 %b. 91
93
Jan.
N. Y.Sub.&W.—1st ref., 5s, 1937.
111% Jan.
Midland of N. J.—1st. 6b. 1910 112%b. 111%
76 % in 75% Jan.
78%
N. O. Pacific—1st, 6b, 1920
Norfolk A West. - Gen., 6b, 1931
North.Pacific—let,coup./6s, ’21
Gen’l, 2d, coup.. 1933
N. Pac.Ter.Co.—let, 6s, 1933...
Ohio A Miss.—Consol., 7s, 1898
2d, consol.,7b, 1911
OhioSouthern—1st, 6b, 1921.
2d,iuc., 6b, 1921
Omaha & St. L.— 1st, 4s, 1937..
110
108
ilO
55
105% Jan.
4H% Jan.
128
10n% Jan.
112% Jan.
93
Jan.
10 2 % Jan.
119
113
109
LOS
108
55
Mil. Lk.Sh. A W.—1st, 6b, 1921.
Ashland Div.—1st, 6b, 1925. .
Milw. A Nor.—M. L., 6s. 1910..
Extension. 1st, 6b, 1913
Minn. A fit. L.—1st, 7b, 1927
Jan.
Jan.
Jan.
121
Range sinde Jan. 1.
Railroad Bonds.
Highest.
119
107 b.
Ches. O. & 8o. W.—5-6s, 1911...
Chlc.Bur. & Nor.—1st, 5b, 1926. 102 b. 102%b.
Chic. Burl. & Q —Con. 7s, 1903. 130%b. 130%b.
105
b. 105%
Debenture 5b, 1913
94
93 b.
Denver Divis., 4b, 1922
114%
Chic. & East. Ill -Con. 6b, 1934 116%
98
Chic. & Ind. Coal R., 1st, 5b, ’36 97%
Ch.Mil.<te 8t.P—1st, l.A M.7s,’97 116%b. 116%b
125 b. 125%
Consol. 7b, 1905
112%b. 112%
Gold, 7b, 1902
Sinking fund 6b, 1929
Sinking fund 5b, 1929
Sinking fund debent. 5s, 1933
25-year debent. 5b, 1909
Extension 4s 1926
Chi. R. I. «fcPae.—6h, coup. 1917.
Exten. A col. 5b, 1934
Ch. 8t.P..M.<fe O.—Consol. 6b. '30
Ch.St.L.A Pitts.—1st,con. 5b,’32
C. C. C. A Ind.—Consol. 7s, 1914
Gen. 68,1934
Col. Coal A Iron—let, 6h, 1900..
Col. H. Val. A Tol.—Con. 5b, ’31
Gen. gold, 6b, 1904
\—
Denver & Rio Gr.—1st, 7s, 1900
1st con. 4b, 1936
Den. & R. Gr. W.- let, 6s, 1911.
Jan.
Jan.
93%
119
Convert. 7e, 1902
Convert, deb. 6b, 1908
Lowest.
[ ^OL XLV1,
115
1(>7
103
1 0%
41
113
Jan.
Jan.
Jan.
Jan.
Jan,
Jan.
109% Jan.
103
Jan.
38
Jan.
104
Jan.
43% Jan.
111% Jan.
112
Jan.
105% Jan.
92% Jan.
118
Jan.
118
Jan.
Jan.
118
115
Jan.
102% Jan.
lol
Jan.
Jan.
112
118% Jan.
Jan.
116
96% Jan.
Jan.
91
Jan.
36
100
Jan.
Jan.
76
18% Jan.
113
Jan.
107% Jan.
5o% Jan.
70
61
95
102
Jan.
Jan.
Jan.
Jan.
97% Jan.
93% Jan.
Jan.
114
Jan.
Jan.
Jan.
Jar
119
Jan.
Ill
Jan.
104
105
101% Jan.
102 %b. lo3 a. 100% Jan.
b.
78 %a
78
Jan.
78
48 b. 47
45
Jan.
Jau.
93
95%
96%
84 b. 84 b
89
Jau
10s %b. 107%
107% Jau.
108 %b. 108
107% Jan.
88
88
Jan.
84
b.
83
83
Jan.
108 b. 107 b.
89 b.
Jan.
88
1« 0%
ibo%
997b Jan.
105
103
Jan.
Jan,
Iu3
b. 103
b.
118%b. 118%
110
b. 109
114
118
112
b. 110
112% Jan.
b
79% Jan.
Jan.
47
97
90
Jan.
Jan.
108% Jan.
103% Jan.
wo
Jan.
87% Jan.
Jan.
90
100 % Jan.
ttOTB—The letter “ b” indicates prioe bid, and 44 a” prioe asked; all other prices and tue rang** a e from actual sales.
STATE
Bid.
SECURITIES.
Alabama—Class A 3 to 5
Class B, 5b
Class C, 4b,
1906
1906
1906
6s, 10-20
1900
Arkansas—6b, funded.. 1899-1900
7b, Little Rock A Fort Smith, Ibb.
1890
Bid.
SECURITIES.
105% 107
Missouri—6s
110
University, due 1892
Funding
1894-1895
New York—6s, loan
1892
Asylum
100
103%
19
20
78, Memphis A Little Rock, iss..
7b, Arkansas Ccntial RR
Georgia—7b, gold
1890 105%
Louisiana—7s, cons
1914 100
93
Stamped, 4s
Michigan—7b
Ask.
BONDS.
106
20
15
106
due 1889 or 1890
or
6s, loan
1893
North Carolina—6s, old
J&J
Funding act,
1900
New bonds, J. A J
1892-1898
Chatham RR
Special tax, Class 1
94
Consolidated 4b
6s.
1910
1919
Ask.
102
107
108
112
Bid.
SECURITIES.
Rhode Island—6b, cou.. 1893-1894
South Carolina—68, non-fund. 1888
Brown consolidated 6b
1893
114
4
Tennessee—6s, old.1892-1898
59
t9
102
112%
CompromiBe, 3-4-5-68
1912
35
10
20
7
10
95
118
New settlement—6s
5s
3f
1913
1913
1913
12
95%
122
Virginia—oh, old
6s, consolidated bonds
6s, consolidated, 2d series
6a, deferred, trust rec.
.•
Ask.
5%
106%
63
71
105
96%
70%
48
75
60
8
70%
9%
fHE
January 28, 1688.]
BONDS—STOCK EXCHANGE QUOTATIONS ON F HI DAY
Ask.
Bid.
SECURITIES.
Railroad Bonds.
75
1925
5e, gold...
Boet. H. Tun. & W.—Deb. 5s... 1913
105
80
BrooklynElev.— 1st, G., 6s... 1924
2d, 3*5s
19151
Bnrl. Ce. Rap. & No.—1st,
Consol. <fe col. tr, 5b
58.1906'
90
1934
Registered
Minn. & St. L.—1st 7s,_gu
Iowa C. & West. - let 7s
..1927
1909
Evans. & Indian.—let, cons... 1926
Eureka Springs R’y, 1st, 6s, g.1933
Fl’t & P. Marq.—Mortg., 6s... 1920
Grand Rap. & Ind.—Gen. 5s..1924
97
41
Registered
Green B. W. & St. P.—1st, 6s 1911
Han. & St. Jos.—Cone., 6s
1911
Hous. E. & W. Tex-1st, 7s... 1898
Illinois Central—1st, gold, 4s. 1951
Trust certificates
45
1893
Sinking fund, 6s
1903
Louie. & Mo. River—1st7e.. 1900
2d 7b
St. L. Jacks.& Chic.—1st,
1st, guar. (564), 7s
2d mortg. (360), 7s
..1900
7s. 1894
1894
1898
2d, guar. (188), 7s
1898
Miss. R. Bridge—1st, B.f. 68.1912
Chic. Burling. & Q.—
5b, sinking fund
1901
Iowa Div.-Sink, fund, 5b. 1919
Sinking fund, 4e
1919
Plain, 4r
1921
114*2
Keok. & Des M.—
Lake Shore & Mich. So.—
Cleve. P. & A—7s
1892
Buff. <fc Er.—New bonds, 7s. 1898
Kal. & W.Pigeon—1st, 7s... 1890
Det. M. & T.—1st. 7s
1906
Lake Shore—Div. bonds, 7s.1899
98*4
Consol., reg., 1st, 7s
1900
92%
Consol., reg., 2d, 7s
1903
107
98
92*2
Nebraska Extension 4s
1927
Chic. Burl. <fc No.—Deb. 6s
1896
Chic. Rock Isl. & Pac.—
Dee Moines & Ft. D.—1st,4s. 1905
let, 2*26
Extension, 4b
87
59
Chic. Milw.& St.P.-
Chicago <fc Pacific Div., 6s.. 1910
Chic. & Mo. Riv. Div., 5s
Mineral Point Div., 5s
..1926
1910
C. & L. Sup. Div., 5s
1921
Fargo & South., 6s, Assu .1924
.
..
Inc. conv. sink, fund 5s
Dakota & Gt. South., 5s
1916
1916
Chicago & Northwestern—
130
120
127
1145b 115*2
118
102
125
118
129
105
120
125
124
125
116
Registered
m'l
m
m
120
131
123
127
‘*95*
1st,cons, 6s, gold,
1926
No price Friday; these are
97%
120
99*4
1924
Minn.&St.L.—Pa Ex.—1st,7s. 1909
2d mortg., 7s
1891
Southwest Ext.—1st, 7s
1910
Pacific Ext.—1st, 6s
1921
Minn. & Pac.—1st mortg. 5s.. 1936
Minn. & N. W.—1st, 5s, gold.. 1934
Minn. S.Ste.M.&Atl.—1st,5s. .1926
Mo. K. & T.—Cons.,2d, inc....l911
H. & Cent. Mo.—1st, 7s
1890
Mobile & Ohio—Col. tr., 6s ...1892
St. L. & Cairo-4s, guar
1931
Morgan’s La. & T.—1st, 6s
1st, 7s
1920
1918
1905
N.Y. Susq.& West.—Deb. 6s... 1897
96
95
2d, 4*28
1937
99
102*2 N. Y. N. H. & H.—1st, reg. 4s. 1903
N. Y. Tex. & Mex.—1st, 4s ...1912
*93" “96** Northern Pacific—Dividend scrip..
r
Dividend extended
James River Val. — 1st, 6s. .1936
St. Paul <fe N. P.-Gen., 6s..1923
1107e
134%
132*fi
122
123*2
125
124*2 125
no
103*2
105
Oregon & Cal.—1st, 6s
58
117
107
106s
1183i 120
105
latest quotations made this week.
105
1057a 108
104
105*«
92
90
1909
Missouri Pacific—
Verd’s V. Ind. &W., 1st, 58.1926
Ler. &C’y Val A. L.,1st,58.1926
St. Louis & San Francisco—
95
92
105
1919
Pa. Co.’s guar. 4*28,1stcp..1921
Pa. Co.’s 4*28, reg
1921
Pitts. C. «&St.L.—lst,cp.,7s. 1900
107
105
2d, 7s
1913
2d, 7s
1912
103*4
106
r
107
117*
Pitts. Ft. W. & C.—1st, 7s... 1912 *139
Q/l
Clev’.
1Q10
7q
A P. —Cons., s.
fd.,*7s! 1900
Pitta. <fc Western—1st, g.,4s 1917
PittB. Cleve. & Tol.—1st,6s... 1922
Pitts. Junction—1st, 6s .!
1922
Pitts. McK. & Y—1st, 6s
1932
Rich. & Danv.—Deb. ex cp. 6s. 1927
Consol, mort., gold, 5s
1936
Atl. & Char.—1st, pr., 7s
1897
Incomes
1900
Rich. <fc W. Pt. Ter’l. Trust6b.. 1897
San Ant.& Arans.—1st,6s,’85-1916
*125
*107
112
*io5*
71
.
1926
8cioto Val.—1st, cons., 7s
108
103
90
89%
90
90*4
90*4
*39
1910
50
St. Louis & Iron Mountain—
Arkansas Branch—1st, 7s.. 1895 *109*4 no
99
101
Cairo Ark. & T.—1st, 7s
1897 lo8
96*2 100
St. L. Alton & Ter. Haute—
Bellev. & So. Ill—1st, 8s. ..1896 117*2 120
113
Bellev. & Car.—1st, 6s
1923
66
St. Paul Minn. & Man.—
20
119
Dakota Exten.—6s
1910 118
20*2
82*2 83
Montana Exten.—1st, g.,4a. 1937
1103*
Registered
90
Coupons off
Min’s Un.—1st, 6s
1922 110
St. Paul & Duluth—1st, 5s
1931 *110
110
8odus Bay & So.—1st, 5a, g ..1924
Tex. Central—1st, s. f., 7s
1909
let mortg. 7s
1911
91*2 Tex. & N. O.—1st, 7s
1905 114
114
Sabine Division, 1st, 6s
1912 100
100
Valley R’y Co. of O.—Con. 6s. 1921
100
Virginia Midland.-1uc., 6s... 1927
Wab. St. L. & Pac.—
Havana Div.-6s
1910
107*2
102
73
106
121
105
104
54
Indianapolis Div.—6s
1921
Detroit Div.—6s
Cairo Div.—5s
Tol. &Wab.-Equip.
1921
1931
bds.,7sl883
Sum. && Naples—1st,
Tol.—1st, 7s7s
'3%
124
107
105
56
1890
1909
Ill. & So. Iowa—1st, ex. 6s 1912
an.
St. L. K. C. &N.Real Estate & RR.—7s
Cl a rin da Br.-6s
1895
1919
104
106
106
90
90
114
112
'St.Cliarles BFge—1st,6s. 1908
No. Missouri—1st, 7s
1895
Wab. St. L. & Pac.—Iowa Div., 6s.
West. Union Tel.—Coup. 7s.. .1900
70
117
*9 J
115
114
117
Registered
N. W.
100
75
105
Telegraph—7s
1904
Wheeling & L. E., 1st M. 5s. .1926
Market St. Cable Ry., 1st, 6s. 1913
Manhat. Beach Imp. Co.—7s. 1909
102% 103*4
103
Am. Water Works Co., 1st. 6s. 1907
Tenn. Coal Iron <fe Railway—
Tenn. Div., 1st, .6s
1917
Bir. Div.—1st con. 6s
1917
100
107
115
90
ioo"*
86
83
82
'
*84*"
Col. & Hook. Coal & I.—6s, g..l917
118*«
1920 100*2 101*4
116
Income Bonds.
(Interest payable ij earned.)
25
Atl. & Pac.—Cen. Div
1922
Cent. Iowa—Coup, debteertf’s
Eliz. City & Nor.-2d inc
1970
Ind.Dec.& Spr.—2d inc. tr.rec. 1906
Leh. <fe Wilkesb. Coal
1888
Milw. Lake 8h. & W.—Income
Mobile <fe Ohio—2d pref. deben
35
103%
3d pref. debentures
4th pref. debentures
N.Y. L. E. & West.—Inc., 6s.. 1977
Ohio Cent.—Min. Div.-Inc.7s 1921
*50
25
20
19
70
Ogdens. <fc L. Cham.—Income.1920
Shenandoah Valley—Inc. 6s.. 1923
Free List*
1921
Panama—Sink, fd., sub., 6s... 1910
Peoria & Pek U’n—1st, 6s...*1921
2d M., 4*28
1921
Pacific RR.—Central Paciflo—
Gold bonds, 6s
1895
Gold bonds, 6s
1896
Col. Trust, 5s
C. Br. U. P.-F. c., 7s
1895
Atch. Col. & Pac.—1st, 68.1905
Atch. J. Co. & W — 1st, 68.1905
Ut. So.—Gen., 7s
1909
1st, 6s, 1886
Registered
General 5s
1932
Ohio Cent.—1st Ter. Tr., 6s...1920
Min. Div.—1st, 6s
1921
Ohio River RR.—1st, 5s
1936
115
114
1897 *ll37e
1898 114
1908 105
1907 *94
1st, 6s
1st, 6s
Col. Trust, 6s
1892
4th, sink, fd., 6s
111*2
St. L. V. & T. H.-lst, g., 78.1897
122
i.23
1898
2d, 7s
104
2d, guar., 7s
1898
129
129*2 Pine Creek Railway—6s of 1932
Helena & Red M’n—1 st,g.,6s. 1937 103
Dul. <fe Manitoba—1st, g. 6s.1936 100
110%
Dul. & Dakota.—1st, s.f., 6s, 1937
117
125
128
Hel. B.Val. & Butte, 1st, 68.1937
135
Drummond <fc P’bg —1st, 5s. 1937
135*2
93
108
107
Helena <k No.—1st, g’d, 5s. 1937
107*4 1073i N. O. <fe No. E.-Pr. 1., g., 6s ..1915
99
105
115
New Or. <k Gulf—1st, 6s
1926
Norf. & W.—New Riv.—1st,6s. 1932
114*2
142
111
Imp. & Ext., 6s
1934 *103*2 104*2
141
Adjustment M., 7s
1924 104*2
Ohio & Miss.—Cons., s. f., 7s.. 1898
1899
No. Railway (Cal.)—1st, 6s. 1907
Union Pac.—1st, 6s
1896
1895 105
119*8 120
Kan. City & S.—1st, 6s, g.1916 *100
62
Ft. S. & V.B. Bg.—1st, 68.1910
103
105
St. L. K.&So.Wn.-lst, 68.1916
93
94*2
Tex. & Pac.—1st, 6s
1905
107
115
1st, 6s, ex coupon
T12
Consol., 6s, trust receipts. 1905 102
120
Pennsylvania RR.—
1413» 142*2
Ogd. & Lake Ch.—1st, 6s
West. Pacific—Bonds, 6s
113%
100
110
114
Equipment, 7s
Registered certificates
N. Y. P. & O.—Prior lien, 6s ..1895
N. Y. & Northern—2d, 4s.... 1927
N. Y. & New Eng.—1st, 7s.... 1905
Pacific RR.—Cent. Pac.—(Con.) —
Gold bonds, 6s
1897
Cal. & Oregon—Ser. B., 6.1892
1st, 68, Pierce C. & O
99
1st, 6s
139
Registered
1911
125*2 Nash. Chat. & St. L.—2d, 6s.. 1901
N. J. June.—Guar. 1st, 4s
1986
Albany & Susque.—1st, 7s.. 1888 101*4
135
1st, cons., guar., 7s
1906
Registered
121
let, cons., guar., 6s
1906 120
Registered
144
Rons. & Bar.—1st, coup.,7s. 1921 141
Det. Mack. & Mar.—1st, 6s.. .1921
Det. Bay C. & Alp.- let, 6 ... 1913
E. Tenn. Va. & Ga.—1st, 7s... 1900
Divisional 5s
1930
E. & W. of Alabama—
m
121
Registered
1894
1917
Michigan Div.—1st, 6s
.
112
115
General mortgage, 6
1932
Chic. & St. Louis—1st, 6s
1915
Cin. I.St.L.<fe Chic.—1st,g.,4s .1936
Registered, 7s
1937
1921
1934
1934
ass.,4s. 1911
Income, 3s
105*4
CMc. & W. Ind.-1st, B.f., 6s.. 1919
Pa. l>iv., coup., 7s
118
Bid.
SECURITIES.
Extern, 1st, 7s
115*2
107
103
116
2dmort., 5s
1 1 3
1905
Bvra. Bing. & N. Y.—1st, 7s. 1906
Morris & Essex—1st, 7s
1914
1891
2d, 7s
Bonds, 7s
1900
7s of 1871
1901
1st, con., guar., 7s
1915
DeL & Hud. Canal—1st, 7s... 1891
lit, ext, 7s
1891
Coupon, 7s,
1894
90
109
......
1907
1907
89
116*2 117
118% 123
Michigan Cent.—6s
1909
97*2 98
Coupon, 5s
1931
ICO
102*2
Registered, 5s
1931
*100
Jack. Lan. & Sag.—6s
1891 '105
*
120*2' Milwauk. & North.—1st, 6s... 1910 109
92
100
Extension, 6s
1913 107
Milw. Lake S. & West.—
92*2 96
90
Conv. deb., 5s
1907
Ott. C. F. <fc St. P. — 1st, 5s.. 1909
Northern Ill.—1st, 5
1910
Cl. Col. Gin. & Ind.— 1st, 7s, s.f.’99
Consol, sink, fd., 7s
1914
Chic. St. Paul M. & O.—
Chic. 8. P. & Minn—1st, 6s. 1918
No. Wisconsin—1st, 6s
1930
St. Paul & S. C.—1st, 6s ....1919
Chic. <fe E. Ill.—1st, s. f., cur.. 1907
Gen. con., 1st, 5s
1937
Mortgage, 7s
106
91*2
1907
1920
Pensacola Div.—6s
St. Louis Div.—1st, 6s
1921
1980
2d, 3s
Nasliv. & Decatur—1st, 7s.. 1900
S. <fe N. Ala.—8. f., 6s
1910
Louisv. C. & L.—6s
1931
Mexican Cent.—New,
123*4 125
98*2 IcO
Peninsula—1st, conv., 7 s... 1898
Chic. & Milwaukee—1st, 7s. 1898
Cin. Jack. &Mac.—1st,g.,5s...1936
Col. & Green.—1st, 6s
1916
2d, 6s
1926
Col. <fe Cin. Midland—1st, 6s.. 1914
Del. Lack. & West.—
Convertible 7s
1892
105
103
5 p. c. 50 year goldbds
Pens. & At.—1st, 68, gold..
Lou. N. O. & Tex.—1st,4s
124
123
113
Eecanaba & L. S.—let, 6s... 1901 *111
Des M. & Minn.—1st, 7s
1907 123
Iowa Midland—let, 8s
1900 129
Win. & St. P.—2d, 7s...
Mil. & Mad.—1st, 6s
136
106*2
134*2 139
Mahon’g. Coal RR.—1st, 5s.1934
Long Island RR.—
N. Y. <fe M. Beach—1st, 7s.. 1897
N. Y. B. & M. B.—1st, g., 5s. 1935
1005
Louisville & Nashville—
.1905 r 85
Cecilian Brancn—7s
t, 5s.... 1923 107*8 10738
lst, 8s, P. D
1898
2d, 7 3-lOs, P. D
1898
let, 7b, $ g., R. D
1902
let, La Crosse Division, 7s.. 1893
1st, I. &D.,7s
1899
1st, C. &M., 7s
1903
1908
1st, 7s, I. & D. Ext
1st, S. W. Div., 6s
.1909
1st, 5s, La C. & Dav
1919
1st, H. <fe D., 7s
1910
1st, H. & D., 5s
1910
131
1st, gold, 3*28
1951
Springf. Div.—Coup.,..6s, .1898
Middle Div.—Reg., 5s
100*2 101*2
1921
99
C. St. L. & N. O.—Ten. 1., 78.1897
120
1st, consol., 7s
1897 118
113
2d, 6s
1907 118
124
Gold, 5s, coupon
1951 117*4
117
122
Registered
:
118
Dub. & S. C.—2d Div., 7s ...1894 111
72
78
Ced. Falls & Minn.—1st, 7s. 1907
114*2
116
Indianap. D. & Spr.—
105
114*2
1st, 7s, ex. tuna, coupon
1906 103
Collateral gold, 5s.
1937
Ches. & O.—6s, gold, ser. A... 1908
Ches. O. & So. West.-2d 6s... 1911
Chicago & Alton—let, 7s
85
75
Central Towa—1st, 7s, Tr. Recl899
East’n Div., 1st, 6s
1912
Illinois Division—1st 6s
1912
Cons, gold bonds, 6s
1924
Cent. RR. & Banking Co., Ga.—
Ask.
..1921
1920
1897 120 125
1919 114 117
1923 106 no
1920 114 117
1888 1017« 102%
Erie—1st, extended, 7s
2d, extended, 5s
3d, extended, 4*28
122
4th, extended. 5s
111*2
5th, 7s
99
1920
1st, cons., fd. coup., 7s
107
Reorg., 1st lien, 6s
1908
B. N. Y. & E.-lst, 7s
1916
N. Y. L. E. & W.—Col. tr., 6sl922
10668
95
Funded coup., 5s
1969
Buff. & S. W.—Mortg. 6s.... 1908
Evan. & T. H.—1st, cons., 6s. 1921
Mt. Vernon—1st, 6s
1923
105
Ced. Rap. L F. & N., 1st 6s.1920
1st 5s
1921
Buff. N.Y. & Phil".—Cons’ 6s’" 1921
Trust eertlfleates
General 6s,
1924
OF INACTIVE BAILHOAD B )NDS.
Bid.
SECURITIES.
Eli*. C. & N.—S.f., deb., 6s.
1st mortg., 6s
(Stock Exchange Prices.)
Atch. Top. & San. Fe—4*ss...1920
Sinking fund, 6s
1911
Beech Creek—1st gold, 4b
1936
Balt. & Onio—let6s, ParkB ..1919
129
CHRONICLR
112
72
Cin. Ham. & D.,consols,s.f.,7s. 1905 *118
Consol. Coal, conv. 6s
1897
1133i
113%
Cumberland & Penn., 1st, 6s. 1891
Iron Steamboat Co 6s
1901
Little Rock & Ft. Smith, lst.7s.1905
,
90
109
CHBONICLE.
THE
130
New York Gitj Banks.—The following statement shows
Average Amount of—
Hanks.
Loans and
Discounts.
Manhattan Co
Merchants’
9,215,000
8,060,000
10.845,100
3 034.000
7.7 85.400
2.566.400
Ctty,,
Tradesmen's
Chemical
Merchants’ Exch.
Gallatin National.
7.697.600
1,610,000
2.976, Sl>0
1,251.000
7,706,000
630.< 00
2 16.000
10.850.600
3,061.000
3.731.300
818.000
114.600
9.605.800
2.290.300
1,604.600
21.782.300
3.954.100
127.C00
409.500
749.600
116.300
287.000
122.300
471,700
127.800
268, l()e
1.127.100
2,480 700!
636.100
347.200
355,^00
92,300
S 07.300
1,456,500i
44,800
715.300
477.(00
3.1f6,0i 0
1.386.300
3.485.800
14,878 000 3,602,000 2,027.000
Exch’ge.
15,968 600
Commerce
Broadway
6.618.300
Mercantile
Pacific
7.7 3,600
2.354.200
8,3-6,200
4.560.700
1.105.200
2,61*4,800
11.917.200
2,882.« 00
2,780,1(0
Republic
Chatham
Peoples’
N6rth America....
Hanover
10,170,000
45,000
45,000
261', 6*00
*90*,6*0*6
*86,200
2,3' 4,000
2.811.300
640.500
8,183.700;
525.200
1.839.300
865.400
259.600
900,000
2.759.900
504.400
fiO’.SOO
117.300
329.800
8.444.100
788.800
252.300
155.400
42,200
45,000
2.642.600
3.785.100
81.900
1,73 3.600
Shoe & Leather...
3,169,000
Corn Exchange...
Continental
Oriental
Importers’ & Trad.
Park
North River
East River
Fourth National..
Central National..
Second National..
Ninth National....
First National
Third National
N. Y. Nat. Exeli...
6,1913 00
4.538.400
2.060,100
321.000
253,000
076,000
3,465.000
5,501,000
19,635,600
17,725- 00
2,016.200
1, 90.000
14.791.000
7.834,000
3 361,000
5,123, 00
20.771,300
650,000
893.000
714.500
154.800
4.136,000
6.37 5.100
122.100
240.400
4.036,100
1.? 33.000
696.000
1,682.000
3.359,500
4,67* .200
1.225.100
1.409.400
247.800
543.800
101,000
381.300
1.465.300
715.40')
Fulton.
Bowery
2.444.200
1 949,0<H>
N. Y. County
German-A moric’n.
Chase National....
Fifth Avenue
German Excli’nge.
Germania
United Statos
Lincoln
Garfield
Fifth National
B’k of the Motrop.
West Side
Seaboard
Sixth National....
Western National.
2,619,900
6.4 63.600
3.716.400
2*342,300
1,362,700
1,562-500
167.800
1.265.200
16,9s 7, --00
458,000
380.500
1,954.1 00
4.199 000
288.700
139.200
3 60.400
671,000
78,800
549.100
202.600
3.706.700
2,401.000
2.279.600
1/. 68,400
3.784.200
1,820.000
2.347.400
1.776.800
8.265.600
692.300
433,000
425,700
445,50*6
46,00*6
81*6*66
180,000
45,000
38,000
45,000
8,54«.d()()
6.045,900!
19.290.500
441.7O0
42.000
4,989.) 00
1,267.000
2.728.900
202,100
223,400
180,000
2,566.000
2.285.100
7,024.400
3.738.800
3,144,9.10
2,688,500
67*500
4.130.800
45,000
44,400
885/ 00
1,198,860
45.000
134,700
2.032,700
2.826.800
2 025.400
7,015,'. 00
45,000
354,767,900 80,110,100 34,566,500 375,048,500
7,604,400
Boston Banks.—Following are the totals of the Boston b anfcs
1888
Loans.
Specie.
L. T’nders. !
$
f
8,416.1 or
8.705.300
9,011.300
$
Jan. 7 138,687,000
"
14 139,127.501
“
21 139.921,200
Deposits.*
Circula’n.
Agg.Cl’ngt
9
*
9
3,797,600 106.354,800
3.016,100 108.126.000
3,889.900 J 107.918.901
85.597.37 0
Philadelphia Banks.—The totals have been
Lawful
Loans.
186 8.
9
Jan.
"
"
7—
14....
21
...
xInc
u
86 023,200
*
5,862,500
85.724.500
$
23.040,500
23,5 i 2,100
9
84,910.200
23,213,000
8
as
<'2,669,901
Agg.Cl’ngs
$
84,397,700
2.299 050
2.277 870
$
71,107.162
02,501,643
4.004,800
2.283,870
61,896,679
ling tneittm "due to other banks.”
Quotations in Boston, Philadelphia and Baltimore.
Following are quotations of active stocks and bonds. A
complete list is given in the Chronicle the first Saturday
of each month.
Bid.
SECURITIES.
Ask.
bomtunRAILROAD STOCKS.!
Atonisun <fc Topeka
94«8 9434
157
Boston A Lowell...
211
Boston A Maine
4
242
Boston A Providence.... 4
California Southern
42
Central of Massachusetts
Preferred
21
41
Chic. Burl. A Nortli’n
Cleveland A Canton
60
.....
22
42
r's
Pref erred
314
Eastern......
Preferred
113
§
96
Fitchburg, pref
27
90
24
Flint A Pere Marquette.
preferred
Kan. City Ft. 8. A Gulf..
35
X. C. Memph. A Biriu.
Kan. C. springf. a Mem.
Mexican Central
50
85
14
Preferred
..
N.Y. A N. Eng., pref
Northern
~
Old Colony .
Wisconsin Cen 7ral
Preferred
BONDS.
.
_
Trust] (is.’
6
Kasym, Mass.—0s,
Ax-tiiviuenu.
new..
t Pur share.
Mar. H. A
90
1
1114
96 4
income
N Y. A N. Eng.-1st, 7 a..
1st mort., 6s
2d moit., 6s
Southern Kansas—5s
Texas Division—5s
Incomes
Wiscon. Cent. -1st M., 5s
Income £s
108 »4
‘1 |
57 4
4 90
05 ®8
123 Hz
11)4
100 4
STOCKS. 1
105 4
121
172
Ailegh. Val.—7 3-10*. ’93
7s, E. ext., 1910
Inc. 7s, end., coup., 94.
1744
..
110
2i
i
.
106
105
123
111
_
100%
984
99
734
75*4,
43%,
4 2 34
194
-
183
Im.A Trad’s' 334
14i
Irving
Leather Mfs’ 195
Manhattan.. 161
170
Market
150
169
124
204
180
150
750
1060
140
165
Fourth
Fulton
Greenwich.. 1154
3700
...
145
145
1384
115
18
152
215
Metropolit’n
Vassal.
*147
Vew York
......
......
..
v.Y. Count' 200
V.Y. Nat. Ex
1*32
Vinth....
N. America. [122
Vorth Riv*r. 130
185
Oriental
162
Pacific
Park
167
People’s. ... 185
122
Phenix
138
Republic
169
St.lSTicholas.
12*2
7th Ward... 115
Second
230
ShoeALeath 142
Stated N.Y. 115
Third
Tradesmen’s 103
'
20
Ask.
Bid.
...
164
Mechanics’.
M’chs’ATrs’
Mercantile..
Merchants ’.
M’rch’ts’Ex.
BANKS.
...
Hanover....
..
First
A«k.
200
2?5
112
200
....
137
167
Commerce
Continental. 122
Corn Exch...
East River
11th Ward.
Fifth Ave..
Bid.
BANKS.
Gallatin
G irfleld
Germ’n Am..
Germania.
125
138
---••
-
168
169
142
126
125
.....
KV
120
225
Suited St’es
Insurance Stock List.
[Quotations by E. S. Bailey, 54 Pine St.]
Bid.
OOMPAN’8
140
145
145
Bowery
Broadwav... 160
Brooklyn ... 110
Citizens’.... 110
117
City
75
Clinton
Conmionw’h. 80
Alliance
....
American...
1
155
175
120
120
125
95
100
210
245
1(0
no
120
100
90
320
155
Continental.
Exchange... 90
Farragut.... 110
Fire Asso'n.
75
Firemen’s...
German-Am. 300
Germania... 145
Has
jCOMPAN’S. Bid.
150" |Globe
[115
160
Ask.
and
•
Greenwich.. 190
Guardian
50
Hamilton
no
Hanover.... 125
...
..
129
Home
Howard
67
....
Jefferson....!!10
Kings Co.... 175
Knickerb’k
70
90
Liberty ....
Long Island as
Lafajette... 75
Manuf’c.A B no
Mechanics’ *
65
Mercantile.. 55
Merchants’. 00
1
Montauk....
101
Brooklyn Gas-Light
Oitizens’ Gas-I.igLt...
50
100
Bonds, 58
764
Consolidated Gas
Jersey City A Hoboken... 160
114
85
100
95
Y.)
Bonds, 6s
Nissan (Bklyn.)
Mutual (N.
95
Scrip
125
215
00
115
135
135
65
120
2< 0
80
100
100
85
125
85
65
00
87
COMPAN’S.
26
Broker St. A Fult.F.—Stk.
112
1st mort., 7s, 1900
r’dway A 7th A v.—st’k..
102
1st mort., 5s, 1904
103
2d mort., os, 1914.....
B’way Surface lids...1914 75
..
Bonds guar., 6s,
1905
...
Brooklyn City—Stock
1st mort., 5s, 1902
Mklyn. CrosstowTi—Stock.
1st mort., 7s. 1888
Bushw’k Av. (Bklnj—St*k
Central Crosstown—Stk..
1st mort., 6s, 1922
0 mt. Pk. N. A E. Riv.-Stk
Bid.
Nassau
1 35
90
National....
N. Y. Equit. 150
N. Y. Fire
75
150
Niagara
90
North River
146
Pacific
Pet’r Cooper 155
90
People’s
100
Phenix
Rutger’s.... 130
Standard.... 100
70
Sterling
Stuyvesant 105
United St’es 140
Westchester 130
William sb’g. 260
..
....
Ask
145
100
160
95
156
100
180
105
ICO
108
! 37
05
75
115
160
140
280
Bonds.
Prentiss A Co., Brokers, 49 Wall Street.]
Bid.
G \S COMPANIES.
80
Ask.
Railroad Stocks and
City
[Gas Quotations by Geo. H.
70
115
106
150
100
150
150
116
78
110
Consol., 7s, 1902
Ourlst’ph- rAlOtli St—Stk. 120
111
Bonds, 7s, 1898
Dry Dk. E.B.A Bat’y—Stk 148
no
1st mort., 7s, 1893
Ask.j |
103
55
103
GAS COMPANIES. '
61
115
106
People’s (Bklyn.)
•Williamsburg
1
Bonds, 6s
7634 Metropolitan (Bklyn.)
i Municipal— Bonds, 7s
‘Fulton Municipal
) Bend.*, 6s—1
90
102
100
93
Equitable
Bonds, 6s
[
104
|!42d A
62
120
78
111
80
105
125
105
no
130
109
100
no
110
IL8
104
155
108
Scrip, 6s, 1914
Gr’nd St. F’ry—Stk 200
i
Ask,
Broadway.]
D.D.E.B.A B.— scrip, 6s
j; l£i <hfch A v.—stock
28
114
175
Bid.
1st mort., 7s, 893..
105 4 I
42d St. Manh. A St. N.Ave
80
80
1st mort.,Os, 1910 ......
118
2d mort., income, 6s
no
foust. W.St.AP. F’y-Stk.
160
1st mort., 7s, 1894
Ninth Ave
155
8 icond Av.—Stock
100
1st mort., 5*>, 1910
120
Consol., 7s, 1888
81
Sixth Av.—stock
118
1st mori.,7s, 1890
125
Third Av.—stock
113
Bonds, 7s, 1890
152
Tw iity-thir0 Sr..—stock..
1st nort., 7s, 1893
1124
112
35
107
53
155
no
103
106
1U3
165*
no
217
103
215
112
107
160
no
210
117
38
108
60
112
105
no
tr 5
100
175
115
221
106
220
114
Unlisted Securities.—Quotations from both Exchanges:
Bid. ; Ask.
SECURITIES.
Am. Bank
Note Co
Atlan, A Cl ar.—Stock...
Atl. A Char. Air L., 1st, 7s
At.APac.-lstM.C.D.o d0s
Rost. H. T.A West.—Stk.
Brooklyn Elev’d—stock..
Cape Fear A Yad.Val., 1st
Chic. A Atl.—Bern, ir. roc.
.....
SECURITIES.
^Mexican
^
I
!
90
24
33
94
6
39 4
1\\
164
105
1st 6s
48
2ds
Henderson Bridge—Stock
Kanawha A Ohio
1st pref
84
4
2d pref
1st 08
Kan. City A Omaha
1st mort
Ke* y Motor.
03*
Lehigh A Wilkes. Coal... 18 I
25 1
Mex. NaLConstruct’nCo.
-
11334 114*4
1004
Last price this week.
Ask.
Georgia Pac.—Stock
Phila. A Reading
West Jersey
RAILROAD BONDS.
4 Last price this week.
Bid.
BANKS.
America
Pref
Phil.,ass.pd.
Pennsylvania
92
90
v
Ohio
3ds, 3-4s
1st Inc., 5s, 1931
827fc
Cliie. Gas Trust
Chic. Santa Fe A Cal. 5s..
Ciun. A Spiingfield
10
Den. A Rio Gr. W.—St’k.
10
Dnl. S. Shore A At.— Stk.
•31
Pref
*4
Edison Electric Light.... 160
j
Fla. R.y. A Nav. Co
1*4
PHILADELPHIA.
RAILROAD
Buff. N.Y. A
Preferred
iio*5
1033s 105
Ont.—1908, 6s, 4100
1925,6s
110
91
1754 Lehigh Valley
17 4 Little Schuylkill
37
Northern Central
11934
91-*4
Mortgage, 5s
•
14*2
17
88
LiOUisv.Ev.A8t. L.—1st, 6s
2d mort., 2-6s
i Ask.
Bid.
......
£114
Atoh. A Topeka—1st, 7b.
Coll. Trust, 5s
Plain, 6s
K. C Fort Scott <fe G.—7s
K.C. Mempli. & Binn—5s
K. City Sp’d A Mem.—08
K.C. Clint. A Springf5s
Little R. A Ft. 6.-78
6'4 Mexican Central—4s
10
4
SECURITIES.
......
82 a4!
A
1st pref
2d: pref
RAILROAD BONDS.
Baltimore A Ohio—4a....
Cin. Wash. A Balt.—lets.
2 ds, f 8
[City RR. Quotations by H. L. Grant, Broker, 145
follows:
Ciroula’n
Mon’y Deposits.*
5,563 9o9
9
6.058,901'
6,535,1U*.
75
21
RAILROAD STOCKS.]
109\ no
111*2 11s
Metropolitan—Bonds
7,045,oo<;
7ev-
19
Bank Stock List.
41,500
180,000
764
New York Local Securities.
235
Eagle
Empire City 00
3,0)4.200
2.738.800
1,610.400
4.654.' 00i
478.800
292,100
113
+ Per share.
Ex-dividend.
976,300
36,400
135.600
219.300
219,000
2 POO
45,000
126.200
445.700
273.100
187,900
225,000
2
45,000
40.700
5.244.700
2,195, 00
21.553 000
23,554,^00
1,876,4 00
102.100
2,005.300
1,060.000
142.900
196.200
1.238.400
744.300
564.400
270.300
668.900
2,261,: 00
Total
494.500
45.000
4.962.200
309,x00
A*
*
Ask
‘
BALTIMORE.
130
120
104
Cons., 6s, g., r.R.C,1811
Imp., 6s, g., coup., 1897
Gen., 08, g., coup., 1908
Gen., 7s, coup., 1908
Income, 7s, coup., 1890
142
642,600
447.800
143
120
1124
Phil. A R.—2d,7s, o.Ar.’SS
Cons., 7s, coup’., 1911..
265
22 7,500
Marker
2,511,100
4.248.500
Phila. A Read’g (Cont’d)—
Cons. 58,2d serMo.,1933
Debenture coup., 1893.
Deferred incomes, cp...
PhU. W. A Balt.—Tr. o.,4s
95
..
Bid.
SECURITIES.
Baltimore
255
Broadway
dutohs’A Dr 102
130
Jentral
Ohase
205
Chatham... 220
Chemical.... 3200
140
Citizens’
300
City
1.956.600
*KT onuQn
...
Ask.
Perkiomen—lst.Bs.CD.’87 £103
Ami Exch... 140
St. Nicholas
Citizens’
Leh.V.—lst,6s,C.AR.,’98
2d, 7s, reg., 1910....
Cons. 6s,U.AR..1923Penn.—Gen., Bs.oAr. 1910
Cons., 6s, 0. A r.f 1905..
Cons.. 5s, c. A r.f 1919. i
120
140
129
132
121
14,742.000'
12.557.300
3.063,600
3,248.000
3,081,100
4.397.100
Irving
‘*2,600
11.877,f00i
5.277.700
906.200
104 4
123
256,400
1,114.000
357.000
2,702,800
591.800
8'J6,:'00
28 6,400
1.008,700
Cam. A Amb.-M., 6s.’89
Catawism—M. 7s, 1900.
Col. AC. M.—1st,0s. 1914
521 600
4.359,000
1.915.800
3.122.400
1,048,600
1.628, (00
490.1 00
Bid.
4 48. Trimt. Loan
$
10.353 006
2,024,000
1.133.500
Greenwich
Leather Mannf’rs.
Seventh Ward
State of N. Y
tion.
824.100
440,000
6.256,109
1.871.800
Circula¬
1,120.000
648,000
0,910,900
584.800
478.900
18 849,i 00
3.4 7 3,600
Batchers’ & Drov.
Mechanics' A Tra.
$
$
1.870.000
2,659,000
1.679.100
7.822.600
Mechanics’
America
Phenix
Americ’n
Specie.
$
10,360.000
New York
Net Deposits
other
than U.S.
SECURITIES.
the
condition of the Associated Banks of New York City for the
week ending January 21, 1888:
fVoL. XLVI.
National tr. roc.
1st mon gage, tr. roc
New 1st 6s
Bid. Ask.
8
41
94
9
42
94 4
10 4
N. J.Southern
14
N. Y. M. Un. Tel.—Stock.
77 J....
2
3
954 N.Y. W. S.A Buff
7
iNorth. Pac.—Div. oonds.. ICO
4 4
397e North Riv. Cons.
Ocean Steam.Co.,1st guar. 1014 103
95
28
42
Newp. N. A Miss. Val —
97s
7S
....
----
15
Orange Belt 1st
jPensacola A Atlantic....
31*4 Postal Telegr.iph—1st, 6s.
iKicli. York Riv. A Ches..
Rome A Decat ur, IstM., 6s
2 4 St. Louis Ft. s. A Wick..
St. PaulE.AGr.Tr.,lst68
19
Southern Tel.—1st M
50
Tol. A. A. A N. Mich
Tol. A O. Con:., pref....
U.S. Electric Ligiii
104 Utah Central.—1st
Vicksh. A Meridian
2 *4
98
99
20*
*2*3*
•
»•
20
2'
Pref
1st mort
2d mort
Incomes
Western Nat. Bank
West N. Car.—Con. M
%
97 4
88
THE CHRONICLE
-January 28, 1888. J
131
2a
Latest
Jmrcslmeut
Earnings JHepoj'ted.
j Jan. l w Latest nate.
Hoads.
Week or ito
1887-8.
1886-7.
1887-8.
1886-7.
AND
$
Kingst’n A Pem. hi wk Jan
fjXailroad %utjdliQ£Xxct.
The Investors’ Supplement contains a complete exhibit oj
Knoxv. A Ohio
Lake E. A West
3d wk Jan
Lehigh A Hud..
December.
November.
L. Rock A Mem
2d wk Jan
Long Island
3d wk Jan
Lou. A Mo. Riv. October
Louis.Ev. ASt.L.*3d wk Jan
and Cities and of the Stocks and Louisv.
ANashv.(3d wk Jail
Bonds of Railroads and other Companies. It is published Lou.N.A. ACliic. 3d wk Jan
Louisv. N.O. AT. 3d wk Jan
on the last Saturday of every other month—viz., January,
Lvkens Valley.. November.
March, May, July, September and November, and is fur¬ Alar. Col. A No.. November.
Alar.Hough. AO.
wk Jau
nished without extra charge to all regular subscribers of the Memphis AChas. j2d
{2d wk Jau
*Mcxican Cent
3d wk Jan
Chronicle.
Extra copies are sold to subscribers of the *AIex.
N. (all Ins) December.
Mil.L.Sh.AWest {3d wk Jan
Chronicle at 50 cents each, ani to others at $1 per copy.
•the Funded Debt of States
RAILROAD EARNINGS.
1,662
47,052
34.858
15,149
16,466
43,136
60,565
18.267
Latest Dates.—The latest railroad earn¬
ings and the totals from Jan. 1 to latest date are given below
for all the railroad companies whose reports can be ob¬
tained.
Latest
Jan. 1 to Latest Date.
Earnings Reported.
Roads
Week
or
Mo
1887-8.
188G-7.
1887-8.
1886-7.
S?
$
$
$
160.G23 1,850,060 1,655,931
173,830
Atch. T. A S. Fe. {November.; 1,657,078 1,710,355! 16,965,412 14,459.378
131,539! 113,594 1,198,749 1,054.093
Atlanta & Char, iNovember.;
99,836
515,022
47,899
95,798
Atlantic A Pac..j2d \vk Jan!
118,192 1,326,349 1,235,019
Balt. A Potomac November.1
128,816
689,470
554,230
53,961
Beech Creek
'November.j 81,814
115,664
83,625
27,875
34,501
Butf.RoclxA Pitt 3d \vk Jam
89,922
95),636
52,6 16
42,076
Bur.C.Rap.ANo.!2d \vk Jan
12 922
37,886 {
41,004
13,971
Cairo V. & Chic !3d wk Jan!
.Allegheny Val.
Cal.
.
November.
27,339
44,525
94.872
7,244
48,336
60,465
14.895
Minneap. A St. L. December.
140,124
AIin.St.Ste.MAAI November.
25,101
44.016
AIinn.ANo.We8t. 4th wk Dec
Aliss. ATenn
1st wk Jan
8,652
Alobile A Ohio
December
242,182
Nasb. Ch. ASt.L. December.
275,482
New Brunswick. November.
73.773
N.Y. Ceil. AII.R. December. 3,229,021
N. Y. City A No.. j Wk. Oct. 8
11,358
cN.Y. L. E. A W December. 2,029,935
N. Y. A New Eng. November.
448,465
N. Y. Out. A W... 3d wk Jan
25,306
N.Y. Sus. A W...!December.
135,645
Norfolk A West !3d wk Jan
70,260
N’tlieastrn (S.C.) November
45,297
Northern Cent’l.!December
490,286
146,489
Northern Paeilie '3d wk Jan
Ohio A Alisa
*2d wk Jan
76.16S
Ohio River
6,414
|2d wk Jan
Ohio Southern
62,672
;December
393,252
Oregon Imp.Co November.
103,391
Oreg. li.AN.Co 3d wk Dec
35,’183!
Southern...|2d wk Jan!
ICamden A Atl’c'November.!
Canadian Pacific!3d wk Jan
C p. F’r AY ad. Ya 1 Deee ml >er.
Carolina Cent...(November.!
2d wk Jan
Central of Ga
Central Iowa
{December, j
Central of N. J
..
{December.|
'October.
CentralPaeilie
60,7291
31,810
31,618
8,175j
42,910
4 0,574!
{November.!
54,303
49,964;
November.!
7,917
November.!
412,123
Cheraw A Dari
Chesap. A Ohio.
569*498
431,000
127,000
21,339
276,185
227,222
26,537 j
57,173
50,962j
93,529*
213,358
185,324
111,086
126,7371 1,352,532: 1,323,625
131,518
995,925'11,523,588 10,742,892
974,880
1,333,101 1,141,081 11,190,613 9,940,703
155,000j
Central of S. C. {November.1
Charlest’n ASav November.'
Cheshire
644,920!
544,000
9,2411
433,08
416,205
605,777
i
579,862
7,5 111
358,551 4,09!*)] 3
3,755*867
937,528
80,846 1,103,585
166,875 1,998,178 j 1,713,325
6,163!
51j
Eliz.Le.x.AB.S. December, i
87,833
dies. O. A S. W.. • December j
195),631
7,4021
dies. A Lenoir.. November.i
Chic. A Alton...(October...
903,372
808,942, 7,392,5)07
31,295*
93,886
31,6(5 L|
95),266!
Chic. A Atlantic 3d wk Jan
Chic. Burl. A No. November
154,895)1 142,901 2,13 4,2001
Chic. Burl. A Q {November.• 2,382,965{2,2.56,330-.25,418,822 24,359,976
108,401
39,900!
784!
111,473
Chic. A East. III. 3d wk Jan
17,525
30,880!
Chic. A Ind. Coal 3d wk Jan
6,224;
9,333;
Chic. Mil. A St. P. 3d wk Jan
Chic. A N’tliw’n. December. !, 191,563 12,174,554 27,140,720 25,348,848
73,399
9,169
66,271
Chic. A Oh. ltiv. December
4,143
Chic. St.L.APitts December.
523,107 I 409.42: > 5,862,764 4,842,317
1
7,013!
Chic. St.P. AK.C. 1 thwk Nov
10,8-15
718,933
636,122 6,314,018 i 5,589,767
Chic. St.P.M.AO. November.
I 7,62: »!
31,602
36,321 1
Chic. A W. Mich. 2d wk Jan
18,61 1
2,601,563
216,977
2,692,07<
Ciu.Ind.St.L.AC. Devember.
236,8S9
6,98 1
0,372*
14,432 j
Cin.Jack. A Mac. 2d wk Jan
12,796
102,496
56,22?1!
111,46s j
Cin. N. O. AT. P. 21 wk Jan
60,105 1
27,729
57.526'
51,183
Ala. Gt. South. 2d wk Jan!
31,226
27,359
N.Orl. A N. E 2d wk Jan
16,038 I
16,300
30,505
19,475
10,437 i
20,285
Vicksb. A Mer. 2d wk .Ian'
9,902 {
18,221
10.686
9,78.“ |
21,481
Vicks. Sh. A P. 2d wk Jan!
214,265!
218,734
Erl anger Syst 2d wk.Tan
127,957 ! 120,474*
6,658
6,215
6,245 !
Cin.Rich.AFt.W. 1st wk Jan
6,658
102,122 1,183,084 1,* 30,324
Cin. A Spring)! December !
95,968
83,234
37,93 J 1
41,55S{
85,180
Cin.Wash.ABalt. 2d wk Jan
1 6,116
11,1 32
7,988 j
20,671
Clov.Akron ACol 2d wk Jan
6,5*65*102
.
.
........
Clev. A Canton November.!
■Clev.Col.C.A Ind December.I
Clev. A Marietta 3d wk Jan
•Coeur d’Alene... ;Deeember j
2d wk Jan!
Col. A Cin. Mid
Col.Hock.V. AT. 2d wk Janj
Denv. A Rio Gr 3d wk Jan
Deuv. A R. G. W. 3d wk Jam
Den. Tex.AGnlf. December.
Det.BayC.AAlp. Deceml>er.!
Det.Lans’gA No. 3d wk Jan
Duluth S.S.A.U1. 2d wk Jan
E.Tenn. Va.AGa. 2d wk Jan
Evans.A Ind’plis 3d wk Jan
Evansv. AT. II. 3d wk Jan
Flint A P. Marq. 2d wk Jan;
Fhi.R.ANav.Co. 2d wk ,Tan'
Ft.WvA Den.City 3d wk Jan!
Georgia Paeilie 2d wk Jan
Gr. Rap. A Ind.. [1st wk Jan!
.
Other lines
.'1st wk.Tan
Grand Trunk ...IWk.Jan.14;
Gn.Bay'W.ASf.P November.|
Gulf Col. AS. Fe.; December i
Hous.ATex.Ceu. 2d wk Jail
Humost’n AShen November.1
III.Ceil. (III.ASo) December
CedarF. A Min. November, j
Dub.ASiouxC. November.!
la. Falls AS. C. November.
Ind. Bloom. A W. 3d wk Jan
Ind. Dec. A ftpr.{December.
Ind. A St. Louis. 2d wk Jan
Jack. T. A K. W. {November.
K.C.Ft.S. AGulf. 1st wk Jan
Kan. C. Sp. AM. 1st wk Jan
Kan. C. Cl. A Sp. 1 st w k Jan!
Kentucky Cent. I December.
Keokuk A WestJ3d wk Jan1
33,682
381,253
5,207
351,982
6,102
16,181
6,171
5,863
47.782
r»3,9«)(
162,000
22,000
25,895
31,000
126,000
13,788
1 0,019
107.73 1
3,098
14,07-1
1
4,721
-11.939
22.837
1
1,300
29,307
31,337
2,392
278,511
34,377
356,270
40,797
15,692
110,900
10,540
82,235
67,128
48,913
30,540
34,988
35.492
44,934
25,844
4.289
88,259
6,634
315,161
4,580,969
31,292
1
1
:
18,275
18,922
2 1,5 12
i
.
,355
327,719
4,181,117
16,577
l
13,18 1
105,518
3 2,0 i 1
11 1.565
4
12,500
57,475
360,950
40,950
466,667
212,017
44,305
17,056
181,217
12,31 1
.....
,
9,2 40
9 1,799
5,683
14,213
39,106 :
38,422
33,5 42
211,931
1 1,023
20.151
43,1251
81,520
46,630
10,872
42,800
24,852
31,844
53,*. 56
31,337
2,392
568,795
-
37,773
76,690
44,13o
27,190
41,140
31,844
1,58 1
1,584
550,348
268,239
420.967
316,001
36,725
234,646 2,928,277 2,27 4,171
110,818
88,400
64,807
1 14,288
14,028
144,341
1,112,721 LI,820, *32 10,776,187
106,872
159,121
15,892
868,578
84,855
765,251
576,249
625,525
54,843
143,638
135,323
47,534
449,098
411,634
61,297
63,531
75,005
31,142
402,173
252,459
38,624
44,934
45,53."
45,535
31,39<
25,844
31,390
2,68<
4,289
2,680
920,69:
71,461 1,074,590
20,003
16,94“
5.6491
.
..
5.F05
37,821
92,666
154,399
30.330
15,911
149,184
12,837
19,879
7.161
287,024
229,9 46
66,701
2d
2d
2d
2d
2d
2d
1,743,4#
88,636
28,890
28,82*
89.3.8;
1,505,098
1,549,619
1,504,557
540,0955
8,652
7,101
2,224,459
2,400,772
2,485,232
3,055,917
750,875
740,903
32,651,015
419,243
416,771 4,021.048
19,429
71,355
112,545 1,395,181
62,686
265,076
499,960
47,237
457,809 6,212.927
445.969
120,728
146,661
71,021
13,620
4,001
32,839
595,443
286,289 3,796,502
90,538 5,164,398
102,875
33,850
17,3 0
13,750
13,350
84,100
23,750
12,000
9,850
8,650
2.175
1.875
2d wk Jan
2,100
185,400
20,175
279,598
34,988
900
2d wk Jan
November.
November.
15,190
42,807
86,8 42
14,530
905,264
17,820
,
So. Paeilie Co.— ='
G al. 11 a r. A S. A. No vomber.
3.782,925
58,014
1,129,439
195,276
494,780
5,474,618
388.549
141.549
9.202
508,757
2,735,013
5,211,920
185,375
60.150
33,100
26,350
28.150
4,675
3,500
15,469,215
12,002,449
30,811
326,177
3,407,310
IS, 190,101
14,501,154
32,691.255
104,946
~
‘
j
—
••
—T —
283,165
156,000
46,6." 0
26.100
21,550
17,950
4,175
1,700
142,025
341.300
17,332
210,584
274,425
193,452
249,607
2,951,794
2,615,381
31,142
19,291
37,489
89,577
22.813
700,161
75,065
63,539
33,127
139,292
31,214
112.467
249,532
237,801
68,439
41,910
8,745,227* 7,427,339
34,781
70,723
*61*53*6
71,499
73,000
73.814
51,315
901,610
7*40.654
119,674
113,609
1,094,494
1,022,630
726,223
623,339
2,352,793
578,637
4,003,527 3,700,604
November.
15 1,990!
144.785
November.
94,918 1,1 48,437
896,015
November.
November. 1,044,255> 783,290 9,165,2891 7,672,825
J 2,117,351 2 1,652,822 21,532^787
November.
November. 3,6 41,951,2,900,641 33,818,109 29,205,612
Pacific system
Total of ail..
So. Par. HR.—
No. Div. (Cal.) October...
So. Div. (Cal.) October ...
Arizona Div
October...
New Mex. Div October
..
...
Spar. Un. ACol. November.
December.
211,975
57,359
403,242
15,796
3,032.306
162,778!
170,511
492,397;
245,110
1,4 47,3981 1,335,421
3,119,580 2,643,033
1,352,639 1,261,328
552.083
576,597
69,763
73,610
788,313
852,581
628,718
1,235,8571
291,208
Louis’a West.. November.
Atlan’esystem
10,461
74.299
283.88
1,985,149|24.164,236 23,002,509
Jan
Jan
Jan
Jan
Jan
Jan
wk
wk
wk
wk
wk
wk
.
Tex. A N. Orl..
816,259
85,5.04
133,307
694,459
December. 4,892,954 4,428,216 55,671,303 50,379,068
ftSt.L. Alt AT.II. 2d wk Jan
Branches
2d wk Jan
St. L. Ark. A Tex 3d wk Jan
St. L. A San Fran. 3<1 wk Jan
St.Paul ADuluth 3d wk Jan
St.P.AIin. A Man. December
S.Ant.A Ar.Pass. 2d wk Jan
Scioto Valley
November.
Seab’rd A Roan. November.
Shenandoah Val December
South Carolina
November.
Morgan’s LAT.
N. Y. T. A Mex.
454,789
47.407
1,777.491
...
..
41.564
120,698
16,440
68,629
341,3 00
1,585,696 1,350,956 18,532,322
1,287,93 1,166,064 14,362,552
Peoria-Dec.AEv.i2d wk Jan
16,922
26,513
12,326
31,404
28,300
326,276
Petersburg
November.
Pliila. A Erie
{November. 367,72 4 338,027 3,708,294
IPliila. A Read’g. November. 2,098,095 2,034,084 20,187,417
Coal A Iron Co. November. 2,222,796 1,887,462 18,083,282
Tot. both Co’s.. November. 4,320,891 3,921,546 38,270.699
'9,908
Pitts. A Wcst’rn 3d wk Jan
24,747
31,968
25,752
292,860
26,609
P’rtlloyal AAug. November.
Pt. R’al A W.Car. November
33,548
33,908
....
102*504
219.039
718.859
57,569
2,989
Penn. Company.'
No. West. sys. December
So. West. svs.. December
RAW. P. Ter. CoRich. A Danv.
Va. Mid. Div..
C. C. A A. Div.
Col. A Gr. Div.
WestN. C. Div.
W. O. AW. Div.
Ash. A Sp. Div.
Total all
Rich.A Petersbg.
Pome W. A Og
2,326
97,541
228,423
34.225
137,167
500,371
56.200
859.900
89,446
157.876
53,566
2S.077
Alilwaukce A No. 2d wk Jan
Pennsylvania.
34,075
21,00 4
20,782
36.166
267,565
8,048
34,099
120,000
152,625
30,735
3,469
36,995
18.228
293,815
..
Gross Earnings to
1.321
70,914
55 4,58 4
13,157
108,391
,
143,148
36,119!
30,558,
50,515'
127,472
50,943
9,687
41,537
117,067
765,9 48!
Staten Is.Rap.Tr
Summit Branch
Texas A Paeilie.
Tol.A.A.A X.M’h
Tol. A Ohio Cent.
Tol. P. A West..
Union Paeilie
311,377
384.232
101,2741 118,610
3d wk Jau
23.973
7.9 46
33,109
3d wk Jan!
9.697
71.68-8 j
55,981
19,601
3d wk Jan
22,427
35,018
32,326
18,398
2d wk Jail!
15,498
November 2,597,585 2,351,431 26,313,894 23,936,643
Valiev of Ohio..
November.)
...
November.
Wab. Western... 3d wk
Jan!
Wab., E. of Miss November.!
West N.Y. A Pa. 3d wk Jau{
tWost Jersey
November.!
Wil. Col. A.Aug November.!
Wheeling A L. E. 3d wk Janj
Wisconsin Ceil.3d wk JaiP
147,222;
56,793
91,787;
61,106
91,693
601,160
267,873
570.977
258,856
590,850{ 581,510 6,354,791! 6,201,669
117,100,
125.500
1,370,320; 1,268,891
61,217:
67-8,224!
614,678
47,300!
43,100
98,959J
95,154
74,006
15,581
46,244*
12,192
45,127*
44.902
134,944!
31,730
119,978
Mexican currency.
t And branches.
deducting earnings paid over to leased roads operated oil a perentage basis.
t Not including Central of N. J. in cither year,
ft Including Ind. A St. Louis,
c
a
After
All lines included.
Latest
Gross
Earnings by Weeks.—The latest weekly
A number of roads show dimimshed
week of
earnings for the third
January, in great part because of the bad weather.
THE
132
CHRONICLE]
[Tot. XL VI.
1=
3d week of
January.
1888.
1887.
$
34,501
12,922
155,000
31,664
$
27,875
13,971
127,000
31,295
33,784
6,224
326,538
6,102
126,000
18,275
14,074
5,683
Buffalo Roch. <k Pittsburg.
Cairo Vin. & Chic.
Canadian Pacific
Chicago
Chicago
Chicago
Chicago
A Atlantic
A East. Ills
& Ind. Coal
Mil. A St. Paul...
39,900
9,333
276,000
Cleveland & Marietta....
Denver A Rio Grande
Denver & R. Grande West.
Detroit Lans. & North
Evansville & Ind
Evansville A T. II
Fort Worth A Denv. City.
Indiana Bloom. & West...
5,207
162,000
....
22,000
13,788
3,098
14,721
11,300
48,913
Keokuk & Western
Lake Erie & Western
Long Island
Louisv. Evansv. A St. L..
Louisville & Nashville....
Louisville N. Alb. A Chic.
Louisville N. O. A Texas
Mexican Central
Milwaukee L. Sb. A West
New York Ont. A West...
Norfolk & Western
Northern Pacific
Pittsburg & Western
fit. Louis Ark. & Texas...
fit. Louis & San Fran
fit. Paul & Duluth
Texas A Pacific
Toledo Ann A. A No. Mich
Toledo & Ohio Central
.Wabash Western
Western N. Y. A Penn
34.858
34.075
43,136
18,267
36,166
18,228
293,815
27,339
28,000
508
428
Net...
m
•
m
Road.
Tenn. Coal & Iron Co .Net...
19,429
62,686
146,489
24,747
120,728
34,968
37,4 89
89,577
5,877
7,574
25,761
5,318
26,250
3,811
Road.
Cceur d’Alene.
mm-
16,221
1,751
2,826
19,601
91,693
Road.
Memphis A Charles.. Gross.
Net...
123,989
Prev’ly report’d (46 roads)
$
2,608,181
Atlantic A Pacific
Burl. Cedar R. A North.
Central of Georgia
Cincinnati Jack. A Mack
Cin. N. O. A Texas Pac...
Alabama Gt. Southern
New Orleans A N. E...
52,022
42,076
111,086
6,984
60,105
31,226
16,038
9,902
10,686
37,932
....
Vicksburg A Meridian.
Vicksburg Slirev. A Pac.
Cin. Wash. A. Balt
Cleveland Akron A Col..
Cleveland & Marietta
Col. & Cin. Midland
Col. Hock. Val. & Tol....
Detroit Mack. A Marq...
.Gross.
Net...
Gross.
Net...
N. Y. Ont. & W
Georgia Pacific
Grand Trunk of Canada..
Houston A Texas Cent...
Ind. Bloom. & West
Keokuk & Western
Kingston & Pembroke...
Little Rock A Memphis...
Marquette Hough. & Ont.
Memphis A Charleston..
Ohio River
•fit. L. Alt.&T. H., M. Line
fit. L. Alt. & T. II. Brchs.
Tol. Peoria A Western
Total (77 roads)
Net increase i7'71 p. c.)..
*
3,771,385
6,372
612
56,223
3,882
27,729
16,300
10,437
9,785
41,558
7,988
5,695
5,863
3,497
$
74,693
30,129
1887.
$
393,252
109,377
Road.
.Gross.
Net...
ANNUAL
683
6,214
2,833
2,386
4,515
10,272
24,010
4,217
810
341
4,316
2,443
5,605
37,821
4,601
31,142
19,291
18,398
3,722
1,813
4,101
2,900
Net...
Memphis A. Charles..Gross.
Net...
§ N. Y. L. E. & W....Gross.
Net...
N. Y. Out. A W....
Northern Central
Pennsylvania...
.Gross.
Net...
384,489
fioutliw’n
4.060,971
$
2,946,107
1,135,116
725,204
worked on
264,121
6,618,883
REPORTS.
983,701
1885.
1886.
1887.
$7,081,842
8,239,747
847,267
692,278
$9,951,163
9,189,974
$15,2C0,866
years
461,507
10,724,906
$16,013,867
11,422,854
$19,602,644
operating expenses
Net
$4,5 5,960
3,349,564
$4,591,013
3,415,526
$6,214,« 74
3,303,768
$1,186,396
$1,175,487
$2,910,306
The net
on
6,217,3*7
2,029,594
-
13,388,570
receipts of the railroad system increased $289,544
1886: interest on bonded de^t was reduced $95,000; cash
hand D.c, 31, 1887, was $3,663,840. The company is free
from
10,742,89^
floating debt.
OF;PROFIT AND LOSS OF ALL RAILROADS OPERATED.
Earnings—
Expenses—
Albany ASusquehanna.$l ,846,377 Albany A Susquehanna.$2,786,321
Rensselaer
A Saratoga. 2,474,687
Rensselaer & Saratoga. 1,593,890
858,076
New York & ’anada
557,819 New York A Canada...
3,070,987
Pennsylvania (owned).. 1,923,753 Pennsylvania
SUMMARY
4,458,79”
4,842,31?
876,01°
$9,189,973
$5,921,841
Interest, rental & div.. 2,158,619
$8,080,461
Profit for year
18S7.... 1,109,512
192,387
$9,189,973
1,585,696 1,350,956 18,532,322 15,469,215
339,458
286,289
59,780
ovtr
457,809 0,212,927 5,474,618
163,504 1,870,717 1,931.918
.Gross. 4,892,954 4,428,216 55,671,303 50,379,008
Net... 1,381,895 1,398,182 18,584,728 17,759,482
394,782
1885-6.
18!- 6-7.
$
$
$6,958,149
7,455,450
Balances
Gross.
490,286
Net., .del. 12,956
Pennsylvania Company—
North w’n system..Gross.
Net...
r-Dee. 1 to Nov. 30.—v
,
1886.
Receipts from coal
Taxes, interest and rentals...
r-Jan. 1 to Dec. 31.1887.
1886.
$
$
636,519 6,779,r 97
263,746 2,428,606
995,925 11,528,588
457,687 5,108,525
469,425 5,862,764
128,528 1,556,487
46,251
719,068
23,848
302,828
177,797 1,740,550
35,287
442,672
2,858
$
98,727
54,117
5,047,287
Total
445,481
204,828
1,444,638
77,318
448,212
2,023,93'* 1,98"*,149 24,464,236 23,002,509
481,517
559,741 6,717,228 6,283,83d
119,485
98,555 1,550,168 1,338,385
6,257
40,246
operations for three
Month and Calendar Year.
Ft. W. A Den. City...Gross.
630,862
past were as below
114,474
given, the net being a little over 5 per cent in 1885-6 and over
11% per cent in 1886-7.
ary 1, 1887; following that we give the totals for the fiscal
year on those companies whose fiscal year does not correspond
with the calendar year.
125,266
74,693
30,129
190,354
$
147,860
60,411
Total tons
All
Chic. St. L. A Pitts...Gross.
Net...
1,972,169
327,108
36,503
The results of
ment includes all roads for the latest month and from Janu¬
Net...
6,268,521
Nov. 1 to Dec. 31.—n
1887.
1886.
i
Receipts from railroads
Receipts from miscellaneous.
Central of N. Jersey..Gross.
/—
Coal transported for others
3,846
270.015
731,124
277,887
974,880
411,897
523,407
$
$
6,522,399
1,869,712
396,714
55,014
730,759
157,706
The Chronicle has been favored with an
Monthly to Latest Dates.—The tables follow
ing show the latest net earnings reported this week, the
returns for each road being published here as soon as received,
but not kept standing from week to week. The first state¬
Net...
—Oct. 1 to Dec. 31.—v
1887.
1886.
(For the year ending December 31, 1887.^
advance copy in
manuscript of President Oliphant’s report, which is given
below. He states that “ The anthracite coal industry has
shared in the general commercial prosperity that marked the
year closing Df cember 31, 1887, and the aggregate product of
the year was 34,880,000 ton?, or over 2,500,000 tons more than
in any previous year.
Of such surplus your company con¬
tribute d over 500,000 tons, and the result of its business for
the year is as follows:
Coal produced at the mines of the company
4,063,586
4,366
12,935
Net Earnings
Central of Georgia...Gross.
$
2,726,255
1,271,443
Delaware & Hudson Canal Company.
60S
Including Indianapolis A St. Louis.
Roads.
1886.
$
3,121,639
1,446,487
§ After deducting proportions due to leased lines which are
percentage basis.
3,626
20,782
,
1887.
$
46,251
23,848
November.
,
3,144
24,852
268,239
64,807
49,591
5,049
1,321
—December.
1887.
1886.
$
$
$
636,519
263,746
901
20,451
3,501,370
/—
,
>
Road.
Ft.Worth & Den.City. Gross.
Net...
a
$
$
983,408
849,631
343,843
312,452
Sept. 1 to Dec. 31.—*
December.
1887.
1886.
/
Oregon Imp. Co
262
535
39,106
15,498
Net...
1885.
1887.
$
$
2,029,935 1,985,149
481,517
559,741
119,485
98,555
6,257
2,858
237,131
194,702
2,860
56,137
50,041
17,557
3,635
94,799
16,466
8,048
34,099
6,414
34,988
15,190
West’n N. Y. & Penn Gross.
10,530
53,990
45,374
6,459
1,662
Decrease.
$
302,922
4,123
6,378
6,471
47,782
8,001
107,734
41,939
22,837
29,367
278,511
40,797
Florida Ry A Nav
$
$
2,355,300
47,899
52,606
93,529
11,132
East Tenn. Va. A Ga
Flint & Perc Marquette.
Increase.
$
177,797
35,287
.
3,389
Road.
86,186
—Jvly 1 to Dee. 31—s
»
December.
1887.
1886.
/
§ N. Y. L. E. & W.
145,329
1886.
277,887
Net...
1,117
.
$
$
190,354
77,318
$
731,124
Central of Georgia.. Gross.
week, notwithstanding the loss occasioned
by the weather, there is an increase of 7*71 per cent, the
exhibit embracing 77 roads.
1887.
—Feb. 1 to Dec. 31.—%
1887.
1886.
April 1 to Dec. 31.—»
1887.
1886.
$
$
December.
1886.
1887.
Road.
94
181.421
1,662,238
/-
,
1887.
/
4,200
-
1,988,883
563J)00
December.
,
17,336
-
695,732
6,201,669
$
$
16,181
8,894
Gross.
Net...
8,283
118,610
7,946
1,090,475
6,354,791
—December.1887.
1886.
2,735
22.813
1888.
$
72,000
738
.......
59,780
581,540
158,969
1887.
39
m m
412,272
/—Jan. 1 to Nov. 30.—*
1887.
1886.
,
December.
1886.
/
6,970
m
109,377
590,850
117,909
.Gross.
Net...
Wabash Railway.
985
783
m
*
2,573,220
Month and Fiscal Year.
57,432
of January.
November.
1887.
1886.
$
2,816,285
602,511
$
1,379
**
$
194,702
2,860
8. Fe. Gross. 1,657,078 1,719,355 16,965,412 14,459,378
Net...
829,783 985,543 7,928,237 7,110,199
Col. Coal A Iron.
-Net...
48,291
43,252
556,836
340,645
.Gross.
393,252 286,289 3,796,502 2,735,013
Oregon Imp. Co.
For the second
2et week
$
237,131
56,137
r-Jan. 1 to Dee. 31.—,
1887.
lc86.
,
Roads.
Atch. Top. A
286
2,585
25,306
70,‘.60
2,122,003
.....
3,725
405
2,179,435
Road.
West’n N. Y. A Penn. Gross.
Net...
/
895
27,334
46,244
1,049
36,000
30,330
43,100
12,192
45,127
$
50,538
92,666
9,697
22,427
91,787
47,300
15,581
Decern be r.
1887.
1886.
Decrease.
369
6,116
3,109
48,336
86,842
14,530
101,274
Wheeling & Lake Erie...
Total (38 roads)
Net increase (2-71 p. c.).
6,634
10,872
47,534
5,649
42,807
.
$
6,626
14,213
267,565
28,077
44,525
120,000
30,735
.
Increase.
5,526,236
system..Gross. 1,287,937 1,166,064 14.362,552 12,002,449
Net...
255,889 272,962 3,779,105 2,821,027
1
The President’s report remarks fuither:
“The profit and los* account of the eased lines shows a
debit of $37,622, which is a slight increase over last year.
Nevertheless the business has been and promises to be very
much increased. To meet the wants of such enlarged traffic,
and to put the lines in the best condition for economic work*
ing,
your manager
resolved to undertake
very
extensive bet-
terments, and the large expenses so entailed have been charged
directly to operating expenses and not to construction.”
The additior s to the equipment were as follows : 350 freight
cars,
7 passenger cars, 15 lc comotives ; and there are now
under contract 1,200
freight cars, 14 locomotives and 8 passenger
cars.
“
During the year the company has acquired a controlling
interest in the Rutland Railroad in Vermont, running from
Burlington to Bellows Falls, in length 120 miles, subject,
however, to a lease to the Vermont Central that expires Dec.
31, 1890. This road will give the company the control of trade
both sides of Lake
on
133
THE CHRONICLE.
January 28, 1888.1
Champlain—will give it also all the
OPERATIONS AND FISCAL RESULTS— LESSEE'S REPORT.
1883-84.
| 1884-85.
1885-86.
1886-871*
Operations—
Passengers oarried
Passenger mileage..
323,201
308,615
317,465
336,071
18,741,460 19,165,187 19,023 841 20.080,902
2*425 cts.
2*187 cts.
2*243 cts.
2 325 eta.
Freight (tons) nmv’d.
1,144,510
1,200,910
1,198,668
1,45«,197
Freight (tons)mirge. 104.209,720 107,920,692 111,851,653 142,867,273
Av. rate p. ton p. m.
0 730 cts.
0*792 cts.
0*788 cts.
0 843 ots.
Earnings—
$
$
$
$
Passenger
426,698
454,518
419,105
466,807
Freight
878,459
787,720
885,720
1,125,723
Mail, express, &o
157,330
165,823
165,r»13
164,474
.
Av. ratep. pass. p.m.
Tot. gross earn’gs
expenses.
direct Montreal business to New York, and open up a new anc
Operating
large field for the consumption of the company’s coal.
The earnings of the company ar d its strong financia
position have led to many requests on the part of stockholders
for enlarged dividends.
Your managers to meet such wishes,
but in a way not to endanger the plan adopt* d by the stock¬
holders for retiring the bonds as they come due, have there¬
fore determined to make the cash dividend for the year 1888
at the rate of six (6) per cent per annum, payable it quarterly
dividends of one and one-half (1%) per cent each. Beyonc
this, they propose to appropriate, from time to time, from the
surplus or dividend fund, amounts not to exceed in the aggre¬
gate twenty-five (25) per cent of the five millions five hundrec
thousand ($5,500,000) dollars of bonds to be retired during the
year 1891, and to credit such appropriations as cash payments
Net
eernings
1,490.307
1,114,764
1,372,648
921,685
1,478,331
1,011,144
1,757,004
1,112,082
375,543
450,963
467,187
644,922
“
the stock to be issued therefore to stockholders of recorc
at the time when notice is given of their right to subscribe,
and such proprsition will be submitted to stockholders f«.r
their action at the annual meeting in May.”
on
Comparative statistics for four
years are as
follows
PROFIT AND LOSS.
Receipts—
Bales of coal
1884.
1885.
$
$
8,213,157
Canal tolls
47,240
Miscellaneous profits
Interest on investments...
Coal on liand (Dec. 31)
Railroad earnings in Penn.
Total
745,436
Mining coal
Trans.to tidew’tcr
Eric
expenses,
via
Transportation
canal, lease. &c
4,549,480
557,500
Termin’iexpense & mist el.
Taxes
Loss on leased railroads...
Balance
341,026
24-i, 120
174,490
1.488,094
10,755,136
Total
Delaware
$
332,652
5,019,147
l,i59,114
Lackawanna &
826,987
767,151
1,082,768 1,069,067
300,453
285,230
222 323
183,699
313,330
21,695
1,186,396 1,175,485
9,393,162
885,810
973,571
402,656
171,577
37,622
2,910,305
9,265,687 11,892,457
Western Railroad Co.
(For the year ending December 31, 1887.^
The following brief summary for 1887 is the annual report
of this company.
The statement for the year 1887 compares
with 1886
as
follows:
Gross earnings from ell sources
Less expeuses oper. railroad and mines.
Balance net earnings
—.
interest on bonds, and rentals
leased re ads
Deduct
Balance, profit....
Less new rolling stock, (including 674
merchandise freight cars, 701 8-wheel
Hopper cars, 16 passenger cars and
lc comotive engines, with
new
side
1886.
1687.
$32,342,865
24,954,433
$39,845,856
3**,694,000
$",388,432
$9,151,856
5,186,711
5,203,420
$2,201,721
$3,948,436
tracks, in 1887)
810,061
mstead of 11 97-100.
St. Louis Yandalia & Terre Haute Railroad
Company.
(For the year ending October 31, 1887.)
The report of this company says that the large gain in the
freight earnings, £ mounting to $840,004, r r 27 1-10 per cent,
resulted from both local and through traffic.
The former in¬
creased $2,691, the through tonnage increased 222,975 tons,
and the revenue from this source increased $287,112, or
43 21-100 per cent. This average rate per ton per mile on this
clasl of tonnage shows an increase of 49 100 mills per ton per
mile,
or
8 6-10 per cent. The average rate on thre ugh tonnage
was
6 19-100
mills, against 5 7-10 mills in 1886.
This
large increase in the tonnage and revenue is mainly the re ult
of the general prosperous condition of the business of the
country during the patt year, under which manufacturing and
commeicial transactions have been enlarged, although the
agricultural interests tributary to the road suffered somewhat
In comparison with the previ us yearp.
The balance due from lessee was increased from $540,066
October 31,1886, to $630,958 October 31,1887. From this there
was payable at Nov< mber 1, 1887, $91,000 for interest on the
second mortgage bonds, leaving a net balance of $539,958 due
by lessee October 31, 1897.
Doubts having exisled as to the validity, both under the
statutes of Illinois and Indiana, of the lease between this com¬
pany and the rerre Haute & Indianapolis R. R. Co. a suit was
instituted in July last on behalf of this company in the U. S.
Circuit Court, against the Terre Haute & Indianapolis R. R.
Co., prajir g f< r ihe cancellation of this lease.f
The comparative statement for four years is as follows :
1885-86.
1886-87.
$
443,499
$
527,111
$
411,794
Ren’l. 30 p. c. earns.
Disbursements—
Interest on debt
Taxes
General expenses..
314.930
314,930
46,359
49,894
314,930
55,123
314,930
48,315
794
563
638
369
Tot. difcburs’m’ts..
362,083
Balance, surplus*..
85,009
365,387
46,407
370,691
72,808
363,614
163,497
447,092
*
The result to the lessee on the four years’ operations was as follows:
1883-84, loss, $71,549; 1884-85, profit, $39,169 ; 1885-86, profit, $23,686; 1886-87, profit, $117,821.
1 Note.—Since this report was presented at the meeting of stockholders
decision has been rendered by the Court in the suit of the 8t. Louis
Yandalia & Terre Haute Railroad Company vs. the Terre Haute <k
Indianapolis. A decision was recently made, the substance of this being
a
that, although the lease is null and void, according to the law as
laid
down by the Supreme Court of the United States, yet that this company
is not entitled to the re possession of its railroad, because it did not make
an earlier application for relief.
An appeal from this decision to the
Supreme Court of the United States has been taken.
GENERAL INVESTMENT NEWS.
Atchison
Topeka & Santa Fe.—This company is advised
that the Mexican Gov< rnment will resume payment of subsidy.
It is optional w ith the Government when and in what amounts
it will pay this subsidy.
Suspension of payment was made
when the trea ury became embarrass* d under the Gonzales
administration. The Boston Herald says : “There remains due
equivalent to $1,477,754 56 in United States cur¬
which, when paid, will naturally go into the Atchison
treasury to refund advances to meet the interest on Sonora
bonds, amounting to $283,500 per year.”
Central of New Jersey.—Operations for 1887 (December
being partly estimated) show the following earniDgs and fixed
charges (this is upon the basis of old fixed charges prior to
the reduction of about $335,000 per annum under the recent
reorganization):
amount
rency,
Earnings from—
Passengers..
Freight and express....
1686.
1687.
$2,214,608
3,486,024
5,180,590
24,047
481,424
252,652
$11,528,587 $10,742,891
$785,696
6,284,038
135,964
5,433,243
23.533
Anthracite coal
U. 8. Mail
Miscellaneous
371,177
Totals
Op( rating exp. & taxes.
Net earnings
Fixed charges
Surplus
Increase. Decrease.
6,420,062
$6,660
$2,221,268
2,835,559 $650,464
..
513
110,247
..
$5,108,525 $4,458,793 $649,731
4,581,704
4,543,361
38,343
$526,820
$6il,383
—.....
........
$84,568
Deficit
Chicago & Eastern Illinois.—There has been much inters
Balance, net profit, equal to 11 97ioo Pet. in 1887 and 7 77100 in l£86
$3,138,375
$2,037,692
Not deducting the above $810,061 for betterments in 1887
in 1887
$
of tl is company, which has become prom¬
inent amoDg the Illinois corporations by its consolidation and
alii nets. The application to the New York Stock Exchange
under which both stock and bonds of the company have just
been listed at the Board, will be found at length on another
est in the affairs
164,029
the surplus would be about 15 per cent
TERRE HAUTE OOMTANY.
1884-85.
1883-84.
7,201,049 7,399,095 10,100,118
54,551
58,410
66,505
$
$
892,804
649,905
3,975,297 4,239,907
592,803
873,517
LOUIS VANDALIA
Receipts—
an
1.455,805
1,198,885
nterest
1887.
486,929 i
633,867
c 95,001
284,464 5 792,716
649,905
892,804
332,653
183,697
694,941
841,662 1,147.134
830.542
10,755,136 9,393,162 9,265,687 11,892,457
$
Disoursements—
Coal on baud Jan. 1
1886.
INCOME ACCOUNT 8T.
under the title of “Reports and Documents.” These
applications contain extended information as to the status of
page
the company.
Chicago Burlington & Quincy.—This company has sold
$8,000,000 additional Nebraska extension 4s to a syndicate of
bankers.
These bonds
are
in
addition to
the
last-named
amount and make
$20,000,000 in all. The bonds are payable
in currency and run 40 years, have a sinking fund of 1 per
cent, which buys the bonds at 110, but cannot draw them.
They are secured by an equal amount of 1st mortgage bonds
issued on Nebraska mileage.
It is said that no more bonds
will be issued by the company this year.
The estimated price
of the $8,000,000 issue to the syndicate is 8^^£(5)88. The
$12,000,000 issue in 1887 was placed at 95^@96^.
Chicago St. Louis & Pittsburg.—The gross and net earn¬
ings and charges for December, and for the twelve months
ending Dec. 81, were as follows :
/
earnings.
Expensos
Gross
..
December.
1887.
1886.
$523,407
398,141
Net earnings.... $125,266
Charges...
90,938
v
Tear.
,
1887.
*
1886.
$469,425
340,897
$5,862,764
4,306,277
$4,842,316:
3,966,301
$128,528
$1,556,487
1,236,551
$876,015
1,191*131
$32,747
sur.$34,328 sur. $45,781 snr.$319,936 def. $315,119
Central
Florida
& Western.—The adjourned foreclosure
eale of the Florida Central
Western R .ilroad is announced
Balance
February 6th.
Georgia Midland.—It is stated that the representatives of
i;he Georgia Midland recently tffered the control of that line
to the East Tennessee Road, on condition that the latter
to
occur on
>
'
g.
' IT
T
■
outstanding bonds of the
Midland, and pay some small price for a majority of the
stock. The East Tennessee directors declined the offer.
Grand Rapids & Indiana.—An approximate statement
for year ending Dec. 31, 1887, is made as follows: Earnings,
$2,351,434; expenses, $1,515,251; net earnings, $836,183; profit
Mackinaw Transportation Company, $5,629; total, $841,812.
would guarantee
the interest on the
Interest on funded debt,
deduct for advances and
1,
[VOL. XLYI.
THE CHRONICLE.
134
payment of interest and
second table.
LINES EAST OF
—Gross
Jan. 1 to June 30..
$26,370,724
4,654,370
5,022,012
5,006,568
July
August
September
4,089,521
4,735,154
4,892,054
October
November
December
$71,447; net surplus 1886, $14,187;
Total year..
...
$55,671,303
LINES WEST OF
Mississippi & Tennessee.—The stockholders of this railroad
company have voted to issue $2,500,000 general mortgage 4 per
cent bonds.
Net surplus or deficit
1887.
Jan. 1 to June30..Sur.
$410,484
Sur.
Sur.
Sur.
87,008
282,455
255,981
July...;.
August
September
all charges, is shown in the
PITTSBURG & ERIE.
—Net Earnings.
1886.
1887.
1886.
Earnings.
1887.
$715,600; surplus for year, $126,212;
for account of business prior to April
$54,764; net surplus 1887,
increase, $57,260.
after
$23,250,164
4,356,677
4,585,390
4,674,052
4,737,351
4,347,218
4,428,216
^
$8,784,383 $7,669,624
1,673,541
1,580,628
1,907,536
1,905,045
1,758,195
1,816,535
1,722,989
1,862,748
r 1,356,190
1,526,721
' 1,381,894 1,398,181
$50,379,068 $18,584,728 $17,759,482
PITTSBURG A ERIE.
,
afterpayment of charges.
Biff, in 1887.
1886.
Gam.
Def. $514,923
Sur.
Sur.
Sur.
Loss.
Gain.
Gain.
262,508
78,651
81,328
$925,407
175,500
203,804
Providence & Boston.—Stockholders of this
174,653
railroad of record Februaiy 1 are offered the privilege of sub¬ October
280,485
Sur. 264,260
Sur.
Gain.
16,225
November
Sur.
49,499
96,403
Def.
46,904
Loss.
scribing to the $1,000,000 new stock at par. Money to be used
December
Sur.
90,591
Def.
15,535
Gain.
106,126
for biidge over the Thames at New London.
Total year
Sur. $205,788
Sur. $1,360,100
Gain. $1,154,312
New York Stock Exchange—New Secnrities Listed.—The
Governing Committee of the New York Stock Exchange has
Philadelphia & Erie.—The Finance Committee of the
listed the following securities:
Philadelphia & Erie board of directors have under considera¬
Cincisnatti Jackson & Mackinaw.—$616,000 additional tion plans for taking care of the $3,000,000 first mortgage
first mortgage consolidated five per cent gold bonds, making bonds which mature July 1.
Two suggestions have been
the total amount listed to date $2,016,000.
made, one to extend the bonds at 4 per cent f<>r a long term,
Gulf Colorado & Santa Fe Railway.—$1,494,000 addi¬ and the other to extingush the mortgage and issu9 general
tional second mortgage six per cent gold bonds, makiDg the mortgage 5s in place of the matured first mortgage bonds.
total amount listed $7,494,000.
Philadelphia Sc Reading.—The case of Thomas Drake
Milwaukee Lake Shore & Western Railway.—$600,000
additional convertible debenture five per cent gold bonds, against the Philadelphia & Reading Railroad Company, being
an action to recovf r interest which was due and unpaid on
making the total amount listed $1,200,000.
St. Louis & San Francisco Railway.—$7,144,000 addi¬ the bonds of the Schuylkill Navigation Company which had
been guaanteed by th^ Reading, has been decided in favor of
tional general mortgage fify year five per cent gold bonds to
be added to the list from time to time by the Committee on the plaintiff by Judge Arnold in Philadelphia.
Stock Li^t, as said committee 6hall receive official notice that
St. Louis Sc Sail Francisco.—This company has negotiated
said bends are is-sued, and that the first mortgage t-ix per cent with a syndicate $7,144,000 of its 5 per cent general mortgage
bonds of the South Pacific Railroad Company of Missouri, due
gold bonds due in 1931. The proceeds of the sale of these
July 1, 18S8, shall from time to time b^ reduced in amount bonds are to be used in retiring a like amount of South Pacific
upon the list on official notification that they have been first mortgage bonds, which fall due July 1 next, by which
I the company will save $71,000 per annum in interest, while
deposited with the proper authorities for exchange.
Northern Pacific Railroad.—Duluth & Montana Railroad the lien of the
general mortgage bonis is materially
(Dakota Division) $1,451,000 fiist mortgage sinking fund six strengthened.
per cent g Id bonds.
St. Paul Minneapolis & Manitoba—Eastern of Minne¬
Rome Watertown & Ogdensburg Railroad.—The Stock
sota.—Bankers have purchased $3,500,000 of the 5 per cent
List Committee on and after IMuuary 2 is authorized to arid
bonds of the Eastern Railway of Minnesota (a property of the
to the amount now listed, from time to time, 17,635 additional
Manitoba). The Manitoba Company is noc yet prepared to
shares of capital stock and $723,000 first consolidated mort¬
deliver the bonds, which will probably come into che posses¬
gage five per cent gold bonds, and that the stock of the Utica sion of their purchasers by the
middle of April. Tne Eastern
& Black River R diroad be rt duced upon the list from time to
R tilroad of Minnesota will connect the Manitoba Cviupany’s
time as deposited for exchange.
system of nearly 3,000 miles of railroad with the head of Lake
Tennessee Coal & Ikon Railroad.—$1,IS0,000 consoli¬
dated first mortgage six p?r cent gold bonds, Tennessee Superior, between the cities of Sup< rior and Duluth, and the
new line runs from Hinckley to that point, 70 miles.
The
division; also that the “consolidated sixes of 1901” and “South Eastern of Minnesota now owns valuable terminals at West
Pittsburg first sixes of 1902” of this company be stricken from
Superior, and the mortgage covers the Eastern of Minnesota,
the list.
and all the company’s terminals at Superior and Duluth now
Wabash St. Louis & Pacific Railway—(Purchasing Comowi ed or hereafter to be acquired.
The mortgage indebted¬
mittet).—The ei graved Central Trust Company certificates of ness is limited to $5,000,000, and the Manitoba Company agrees
deposit for the various securities 4under the reorganization in floating these $3,500,000 bonds tojmake no further issues
plan.
this year on the E. and M. property.** Any additional bond
Chicago Rock Island & Pacific Railway.—$5,000,000
i sues on the line mu the at the rate of $10,000 or less per mile.
first mortgage extension and collateral five per cent bonds,
The Manitoba Company has heretofore had a conne ction with
making the total amount listed $19,960,000.
Duluth by means of a tr ifle arrangement with the St. Pau!&
Chesapeake Ohio & Southwestern Railroad.—$128,000
New York
,
..
additional second mortgage six per cent thirty year bonds;
making the total amount listed $2,895,000.
Chicago & Eastern Illinois Railroad.—$3,000,000 pre¬
$3,000,000 common stock be admitted to the
tegular list, and that $3,000,000 common stock of the old com¬
pany be stricken from the list; $2,518,000 general consolidated
and first mortgage five per cent bonds and the registered
bonds for $1,000 and $5,000 into which the coupon bozds may
ferred stock and
beconveited.
New
York
Susquehanna
Sc
Western.—This corrpany
declined payment of the coupons maturing last ye r on its
debenture bonds unless the holders would agree to accept new
refunding bonds carrying a lower rate of interest. Suit was
brought by Lei beus B. Ward to test
eral Term of the
the matter, and the Gen¬
Supreme Court has now decided in his favor,
affirming the judgment of the Court below.
The President of the New York Susquehanna & Western
says that of the total issue of 6s, aggregating $2,500,000, all bur
$23,000 have been exchanged for the new refunding 5s. Of
the total is.-ue of debenture bonds $503,500 have been excliangrdfor the new ^/2 percent bonds. The total issue of
deb entures is $600,000, having outstanding and unconverted
to date $96,500.
The refundn g scheme is an assured success.
President Kimball,
London, were the
improvement 6s, which have been in the treasury. He dis¬
posed of $600,000, at 101percent, as reported.
Northern Pacific.—This company reports the completion
and opening for business of the Missoula & Bitter Root Valley
(Montana) Railroad. The construction agent says that he
regards the new line as one cf the most promising of the
Northern Pacific’s feeders, and the most valuable extension
of the company in Montana.
of
Norfolk Sc Western.—The bonds sold by
the Norfolk & Western Railroad, in
Pennsylvania Railroad.—The gross and net earnings for
1886 and 1887 v ere as below
Pittsburg & Erie the net results,
December and for the years
stated. On the lines wtst of
Duluth Railroad.
Texas Sc Pacific.—The report that the Texas & Pacific
receivership had been dissolved is not correct. The court at
New Orleans simply made an order removing a former injunc¬
tion and permitting the execution of the new mortgages for
125,000,000 each. This motion, being assented to by all inter¬
ests q ncerned, was granted by the court, and the execution of
the bonds and moitgages will be immediately proceeded with,
and there remains nothing to delay the delivery" of these new
securities in accordance with the plan of leorganiz ition,
except the time required for the signa ures to the bonds. It
is expected that they will be ready for delivery in about two
months, probably in April. It is proposed to finish up the
reorgai ization without confirming the recent foreclosure srie,
so that the valuable franch ses under the United States charter
will be preserved, and it is also probable from the present out¬
look th.it the receivership will yet be continued for more than
a year as the best means of protecting bondholders’ interests,
until the annual election in March, 1889.
—The suit of Mr. II. S. Marlor againstjthe Texas & Pac. Rail¬
road Co. on the bnd grant and income bonds lias just been
decided by the U. S. Supreme Court, and the decision of
Judge Biatchford in favor of the plaintiff has been sustained.
By this decision the plaintiffs claim for interest in cash fer the
amount due in July, 1882 and 1883, is fully sustained. The
court holds that the company having the option to pay scrip
or cash for the interest, failed to declare its option to pay in
scrip and thereby became liable to pay in cash.
Wabash.—At Chicago, January 23, Receiver McNulta sub¬
mitted his report of operations for the year 1887. The follow¬
ing is a summary: Receipts from operation of the road,
$9,406,584; disbursements for operation of road, $7,050,645;
t ack rentals, $170,357; New York & Pacific Car Trust Asso¬
ciation, interest and expenses, $126,856; Chicago & Western
Indiana Railroad sinking fund, $24,048; taxes, 1886, $208,123;
1887, $19,795; special taxes, $7,611; interest on first mortgage
bonds, $1,465,118; cath balance on hand December 31, $334,027.
CHICAGO & EASTERN ILLINOIS RAILROAD COMPANY.
Imports anti Jjocuwcttls.
(CONSOLIDATION AND REORGANIZATION.)
ILLINOIS RAILROAD CO.
CHICAGO & EASTERN
APPLICATION TO
(CCINSOLTDATION 4.YD REORGANIZATION.)
APPLICATION
TO THE N. Y. STOCK
EXCHANGE (FOR STOCK).
Jan. 12,1888.
New York,
This company
Illinois Railroad
is
a
consolidation of the Chicago & Eastern
Company, the Strawn & Indiana State Line
Railroad Company, and the Chicago Danville & St. Louis Rail¬
road Company, as per articles of consolidation dated Novem¬
ber 12, 1887, and filed in the office of the Secretary of State of
Illinois, November 18, 1887.
The length of the track owned and operated by this com¬
pany
is 870 6-10 miles, extending from Chicago to Terre
Haute,
Indiana; from Danville, Illinois, to Tuscola, Illinois;
from Wellington, Illinois, to Cissna Park, Illinois.
and
The liabilities of the company are :
First mortgage 6 per cent sinking fund bonds.
Income bonds
First mortgage (5 per cent bonds (Danville & Grape Creek RR.)
First mortgage (5 per cent extension bonds
First consolidated mortgage 0 per cent bonds
Collateral trust bonds
General consolidated and first mortgage 5 per e .nt bonds,
dated Nov. 1,1887
$3,0^0,000
(54,000
121,000
112,000
2,703,000
400,000
THE N. Y. STOCK EXCHANGE (FOR BONDS).
New York, January 12, 1888.
Eastern Illinois Railroad Company desire to
the regular list of the New York Stock
Exchange $2,518,000 of their general consolidated and first
mortgage 5 per cent bonds, numbers from 6,401 to 8,918,
inclusive, and the registered bonds into which the said bonds
may be converted.
Said bonds are dated Nov. 1, 1887; due
Nov. 1, 1937; the interest is payable May and November, in
the city of New York, at the office of the Central Trust Com¬
pany of New York
The Trustee is the Central Trust Co. of
New York, who are also registrars of the registered bonds.
The above bonds are general consolidated and first mortgage
on the entire property of the Chicago & Eastern Illinois Rail¬
road Company, situated in the States of Illinois and Indiana,
and are issued for the following purposes:
The Chicago &
have placed on
present outstanding bonds of all issues, as
provided in the mortgage, amounting to
$8,000,000
To retire the
For the purchase of equipment, as provided, in said mort¬
gage
On account of the acquisition by consolidation of 20*qo
miles of additional railroad, between Bidell and Tuscola,
111., at $18,000 per mile
2,518,000
00
440,000 00
478,000 000
$8,918,000 00
general consolidated and first
bonds can be hereafter issued only upon the acqui¬
also guavantet s the interest on the following mortgage
sition or construction of additional railway or double track,
or further purchase of equipment upon the following basis:
Haute & Chic. Railway Co. first mort. bonds
$775,000
$8,918,000
outstanding bonds
Total
921
THE CHRONICLE
1888.]
January 28,
Additional amounts of these
The company
securities:
Evans. Terre
Evans. Terre Halite A Chic. Railway Co. second mort. bonds.
Evansville Terre Haute A. Chic. Railway Co. Income bonds...
Indiana Block Coal RR. first mort. 7 p. e. sink, fund bonds..
Strawn A Iiul. State Line RR. Co. first mort. sink, fund bondsl
The authorized
capital consists of
:
325,000
150.000
150,000
50,000
Preferred stock, 6
per
cent, $10,0 )0,000; common stock, $15,000,000.
On the road at present owned, stock lias been issued as fol¬
lows : Preferred stock, $3,000,000; common stock, $5,000,000.
No additional stock of cither class can be issued except upon
the acquisition or construction of additional road, and then
exceeding $10,000 per mile
000 per mile of common stock.
The company has cash and
fo lows:
not
of preferred stock and $15,-
sundry securities on hand as
$1,251,4(53 03
Cash
.
Less the
Bills
$135,000
190,000— 325,000 00
payable (not vet due)
over
$920,4(53 03
indebtedness
bonds
Capital stock of the Chicago A Western Indiana RR. Co
Capital stock of the. Belt Railway of Chicago
Sundry other securities
Preferre l stock (Chicago A Easterdlllinois RR.)
Common stock (
do.
" do. °
)
First consolidated mortgage
$51,000 00
1,000.000 00
40 000 00
175,545 00
2,472 20
2,002,172 20
locomotives, 46 passenger cars, 8 baggage cars, 2 mail and
express cars, 1 pay car, 3,824 coal cars, 1,161 box cars, 137
stock cars, 96 refrigerator cars, 66 fiat cars, 29 caboose cars, 8
other cars.
The gross
earnings from Jan. 1, 1887, have been as follows
"... $155,002 01 ' August
January
February
141,289 27
109,312 04
154,2(52 10
155,953 48
March...
April
May
June
108,973 12
Operating
September
j
October
November
Dec. (partly estim’ed)
.
$183,979
183,420
203,970
200,337
00
91
58
20
184,098 41
I Total for tlic year. .$2,071,004 25
1,253,000 00
1 taxes (Dec. partly estimated)
170,314 81
July
expenses an
$818,604 25
Net earnings
OFFICERS:
H H. Porter,
O. S. Lvford,
Presid’t,Chicago.
Vice-Pres. do.
Geo. C. Kimball, Vice-Pres’t,
Chicago.
II. A.
Rubidge, Sec.,.Chicago
Chicago.
C. W. Hillard. Treasurer,
Evans. Terre Haute & Chic. Railway Co first mort. bonds
Evans. T. II. A Chic. Railway Co. second mort. bonds
Evansville Terre Haute A Cliie. Railway Co. income bonds
Indiana Block Coal RR. Co. 1st mort. 7 p. e. sink. t'd. bonds
Strawn A 1ml State Line R R. Co. first mort. sink. Id. bonds.
Benjamin Brewster, H. R. Bishop, Henry Sei¬
7,000 00
$775,000 00
325,000 00
150.000 00
150,000 00
150,000 00
$1,251,463 03
Cash
following indebtedness:
$135,000 00
payable (not yet due)
190,000 00— 325,000 00
Fay rolls and vouchers
Cash above indebtedness
First consolidated mortgage
$92(5,4(53 03
51,000 00
bonds
Capital stock of the Chicago A Western Indiana RR. Co...
Capital stock of the Belt Railway Company of Chicago
.*
Sundry other securities
Capital stock preferred (C. A E. I. R. R.)
Capital stock common
The length of the road owned
is
pany
Miles
Miles
Miles
Miles
8,000 00
has oath and
In addition to the railroad itself the company
sundry securities on hand as follows:
Bills
$18,000 00
also guarantees the interest on the following
as
and operated
1,000,000 00
40,000 00
175,545 00
2,472 20
2,002,472 20
by this com¬
follows:
178*6
72*0
99*0
21 •()
owned, main track
owned, side track
leased, main track
leased, side track
370'0
Total miles owned and leased
equipment owned by the company consists of 65 loco¬
motives, 37 passenger cars, 9 combination passenger cars, 8
baggage cars, 2 mail and express cars, 1 pay car, 3,824 coal
cars, 66 fiat cars, 137 stock cars, 1,161 boxcars, 96 refrigerator
cars, 29 caboose cars and 8 other cars.
The gross earnings from Jan. 1, 1887, have been as follows:
The
$155,0(52 (51
141,2851 27
January
February
August
March
1(59,342 04
September.
April
May
154,2(52 1(5
.155,953 48
October
November
December
168,973 12
June
Total for the year
$170,314 81
183,979 66
183,420 91
July
1887
Operating expenses and taxes, Dee. portion
estimated
203,970 58
200,337 20
184,(598 41
$2,071,604 25
1,253,000 00
$818,(504 25
Net earnings
directors:
R. P. Flower,
The company
securities:
Less the
following indebtedness:
Pay roll's and vouchers
Cash
For each mile of additional railroad completed for opera¬
tion, not exceeding
For each mile of second or additional track completed (not
however including side track)
For purchase of equipnont (not, however, exceeding
actual cost) for each mile of continuous railroad now
owned or hereafter acquired
Sample of the bonds accompanies this report
and also six
bert, Richard M. Hoe and Ogden Mills, New York; H. H. Ste¬ copies of the mortgage, one of them duly certified, as required
vens and Ceo. H. Ball, Boston; H. H. Porter and O S. Lyford,
by the by-laws of the Stock Exchange. Original of said mort¬
gage is filed with the Central Trust Co. of New York, Trustee.
Chicago; J. G. English, Danville, Ill.
officers:
Application is hereby made for admission to the regular list
of the New York Stock Exchange of $3,000,000 preferred
President.
H. H. Porter, Chicago.
stock and $5,000,000 common stock.
H.
A.Rubidge, Chi¬
O. S.
Application is also made to have $3,000,000 stock of the old
company stricken from the list as soon as the new stock is
listed.
The Central Trust Company of New York are the
trars of the stock and the Metropolitan Trust Company
Regis¬
of the
city of New York are the transfer agents of the stock.
Samples of the certificates accompany this application, as
also six (6) copies of the articles of consolidation, one of
them duly certified.
Respectfully,
Lyford, Chi¬
V ice-Pres’t.
cago
Geo.
C.
Kimball,
Chicago
Yice-Pres’t.
cago
C. W.
cago
Secretary,
Hillard, Chi¬
Treasurer.
DIRECTORS*.
Messrs. R. P. Flower, Benjamin Brewster, II. R. Bishop,
Henry Seibert, Richard M. Hoe and Ogden Mills, of New
York; H. II. Stevens and Ceo. II. Ball, of Boston; II. H. Por¬
Lyford, of Chicago; and J. C. English, of Dan¬
H. H. PORTER, President.
recommended that the above described
President Chicago & Eastern Illinois RR. Co.
The Committee recommended that the above-mentioned $2,518,000 general consolidated and first mortgage 5 per cent
$3,000,000 preferred stock and $3,000,000 of the common stock bonds, Nos. 6,401 to 8,918, inclusive, and the registered bonds
be admitted to the regular list.
Also that the $3,000,000 of for $1,000 and $5,000 into which the said coupon bonds may
be converted, be admitted to the regular list.
the common stock of the old company be stricken from the list.
Adopted by the Governing Committee Jan. 25, 188S,
Adopted by the Governing Committee, Jan. 25, 1888,
H. H. Porter,
ter and O. S.
ville, Ill.
The Committee
THE
136
CHRONICLE.
IVol. XLVL
=============================
The weather has continued
27, 1888.
bales, against 105,403 bales last week, 145,741 bales the previous
week and 159,308 bales three weeks since, making the total
receipts
since the 1st of September, 1887, 4,486,132 bales, against
obstructed the railways of this
4,346,172 bales for the same period of 1886-7, showing an in¬
severe
and in the past 48 hours
violent snow storm has so
State that the running of trains has been
a
Friday, P. M., Jan. 27, 1$88.
The Movement of the Crop, as indicated by our telegrams
from the South to-night, is given below.
For the week ending
this evening (Jan. 27), the total receipts have reached 90,130
EPITOME.
Friday Night, Jan.
=S3
..
COTTON.
3£hje CHjommjcmal A'tmcs
COMMERCIAL
■
partially suspended.
September 1, 1887, of 139,960 bales.
Many of the harbors on the New Englaid coast are nearly
Total.
Fri.
Thurs.
TUC8.
Wed.
Mon.
Sat.
Receipts at—
closed by ice. At the West and Southwest the weather has
919
395
8,964
608
2,667 2,207
2,168
slightly improved. The Reading Railroad s rike continues Galveston
Indianola, &c.
unadjusted. These obstacles to business, with nothing in the New Orleans... 5,054 5,359 5,666 2,614 3,316 2,824 24,833
729
460
314
164
general situation to counteract them, exert a depressing influ¬ Mobile
4,471
767
2,037
131
131
ence
in mercantile circles.
Speculation on the several Florida
1,590 12,240
2,212
Savannah
2,405
1,492
2,840
1,701
exchanges has been dull, and the turn of prices, with few
1,020
1,020
Brnnsw’k,&c.
exceptions, slightly downward. In fact, the possibility that Charleston
967
976
8,057
717
1,376
1,735
2,286
378
378
prices generally may suffer some shrinkage as the season
Port, Royal, Ac
140
728
249
3,047
185
725
advances, is another circumstance which causes spring trade Wilmington....
1,020
75
75
to open slowly.
Wasli’gton, Ac
786
644
512
860
5,265
1,217
1,246
The speculation in lard for the week under review has at Norfolk
989
870
904
5,097 10,146
1,232
1,054
West Point, &c
times shown much depretsion. There were sharp declines on
838
860
6,842
895
1,530 1,699
New York
1,020
279
139
124
715
2,058
Monday and Wednesday, and still lower prices were made on Boston
517
284
1,786
1,786
Thursday, but a quick and sharp recovery followed on Thurs¬ Baltimore
817
188
in
208
127
16
167
day afternoon. Speculative manipulation has been the active Philadelphia,Ac
influence at work.
To day the market was again buoyant. Totals this week 13,042 17,246 14,305 13,239 13,340 18,958 90,130
Lard on the spot declined, but yesterday, with a good general
For comparison we give the following table showing the week’s
total
demand, there was a partial recovery, and to-day further
receipts, the total since September 1, 1887, and the stock
advanced, closing at 7*60c. for prime city, 7*80for to-niglit, and the same items for the corresponding periods of
last year.
*
prime to choice Wt stern, 7 90c. for refined to the Continent
Stock.
crease
since
'
......
......
......
......
......
'
Receipts to
LARD FUTURES.
This
Jan. 27.
February deliv’y..
April delivery
May delivery
June delivery
....
7-G7
7-74
7*82
7*82
7*87
7-93
7-99
7,(J9
July delivery
Pork has latterly
7-59
7-05
7*72
7*78
7-85
7 91
7-GO
7'G5
7-71
7*7G
7-83
7'89
7’59
7 62
7-G8
7-74
7-80
7-84
7-G4
7-G8
7-74
7-80
7-85
7-90
7-78
7-82
7-88
7-94
8-00
8-05
been very active and closes firm; mess,
$15@$15 50 ; extra prime, $12 75@$13, and clear $16(3)$18 25.
Cutmeats have been active and close slightly dearer ; pickled
bellies, 7%@7%c ; shoulders, 63£@6^£c., and hams 9%@10c.;
smoked shoulders, 8(a8)^‘\, and hams 11@11^. B.-ef and
beef hams remain quiet and nearly nominal. Tallow steady
At 5c. Stealine is quiet at 8^c.
Oleomargarine is quoted at
fic. Butter is dull at 21(3) 84c. lor creamery, the outside figure
for Elgin fancy ; (Western extra selling at 31(332c. and extra
firsts at 27@30c.
Cheese is unchanged ; State factory, full
cream, 103^@12J^c., and skims 4@10c.
The business in options for Rio coffee has been active, but
this was due to the freer offerings on foreign account, and led
to a rapid decline in prices which culminated to-dav in a
semi-panic, closing this afternooa with sellers ns follows for
delivery in 1883 :
1405c.
Feb
1275c. June
12-40c. I July
March
April
Coffee
on
12T5c.
May
Jan
12'00c.
.
11 -75c.
12’25c. | Aug
.11’60c.
the spot has also declined,
Sopt
ll-50c.
Oct.
Nov
11-35c.
11-25c
11-23c]
Dec
3ut
not
so
much
as
options; fair cargoes Rio quoted nominally at 17c., but there
were sales at 13%c. for No 7 and 14}^c. for No. 6 afloit; also
prime Maracaibo at 16^£c. Raw sugars have been dull and
drooping, closing nominal at 5V£c. for fair refining Cuba,
and 5%c. for centrifugal, 96-degrees test, and molasses 23c.
for 50-degrees test.
Teas on Wednesday brought steady
prices.
Kentucky tohacco has been more active at better prices;
are 650hhJs., of which 300 hhds. for export
at 4?4@6},£c. f°r lug3 ar,d 6J4@15c. for leaf.
Seed leaf fairly
active and steady. Sales for the week are 1,470 cases, as fol¬
lows: 230 cafes 1881-85 crops, Pennsylvania, 9@14^c.; 400
cases 1886 crop, do., 10@15c.; 200 cases 1S86 crop, Wisconsin
Havana, 8@10c.; 200 cases 1886 crop, New England, 12@16c.;
150 cases 18S6 crop, do. Havana seed. 13@30c.; 140 cases 1886
crop, State Havana, 10@20c ; and 150 cases sundries, 7@23c.;
also 450 bales Havana, 63c. @$1 10, and 200 bales Sumatra at
f 1 40(3 $1 75c.
Spiri s turpentine declined materially, closing dull and
nominal at 40c. Rosins are quiet at $1 10@$1 15o. for strained.
The specu’ation in crude petroleum certificates has declin ed,
under free {offerings, and closes fairly active at 88}4($88%<s
The Metal Exchange has been the scene of an excited spec¬
ulation in ingot copper, but to-day the market was q iiet, only
a limited business baing done, at 16 75c. down to 16*65c. for
April. Lead has been active at 4*92
4*97c. for the early
iQonthfl, but closes dull and weak.
sales for the week
Galveston
Sij).
1, 1887.
Charleston
.
79,554
49,911 1,372,143
187,651
6,377
607
20,520
14,865 712,165
1,078
25,255
5,402
319,062
297
14,873
126,586
2,151
38
3,559
413,842
11,178
11,096
263,096
68,302
7,343
56,976
6,306
3,430
37,621
23,114
2,067
374,418
10,600
392,785
29,304
82,331
69,857
39,893
31,123
90,130;4,48G,132 132,531 4,316,172
10,385
24,833 1,371,420
183,035
4,471
12,240
1,020
8,057
21,677
771,288
51,587
360,282
378
11,556
&c
Wilmington
3,017
159,465
Wash’t’n.&c
75
4,512
400,640
P. Royal,
5,265
Norfolk
&c-
10,146
New York....
6,842
Boston
2,058
W. Point,
Baltimore
416,037
46,562
55,156
19,420
19,381
1,786
...
817
PhiLdel’a, &c
Totals
1887.
1888.
40,238
131
Brunsw.,&c
Sep.
1, 1886.
....
Florida
...
Since
641,074
Ind’nola,&c
Mobile
Week.
594,114
8,964
...
New Orleans.
Savannah
Since
Week.
Saturday. Mond’y Tuesd’y. TYednsd’y. Thursd'y. Friday
This
38
655
13,505
6,437
53,619
217,714
21,500
19,962
8,876
25,721
9,326
245,637
9,271
18,552
14,601
949,276
932,823
6,582
In order that
comparison may be made with other years, we
give below the totals at leading ports for six seasons.
Receipts at
—
New Orleans.
Mobile
Savannah
10,385
8,961
24,833
4,471
12,240
Galvest’n, &e
...
49,911
6,377
11,865
5,699
8,135
3,122
Cliarlest’u.&e
Wilm’gt’n, &c
All others....
5,265
10,116
12,651
2,189
11,178
11,096
20,831
Tot. this week
90,130
132,531
Norfolk
W’t
:.
Point, &c
1884.
1885.
1886.
1887.
1888.
1883.
13,855
9,571
3,121
13,681
10,556
7,296
1,319
11,781
4,410
12,846
22,347
63,650
12,063
19,021
14,537
5,255
17,949
3,685
12,800
134,804
75,295
112,110
171,316
13,394
51,135
13,057
4,020
12,451
28,619
42,017
6,401
2,925
6,455
5,788
1,112
18,058
6,630
1,938
12,121
4,616
1486,132 1316,172 4113,246 1126,992 3981,316 1319,947
Royal, &c.;
Wilmington includes Moreli’d City, &c.; West Pointincludes City Point, &o.
The exports for the week ending this evening reach a total
of 105,519 bales, of which 55,697 were to Great Britain, 9,843
Since
Sept. 1
Galveston includes Indianola; Charleston includes Port
to France and
the
40,009 to the rest of the Continent. Below
exports for the week and since September 1, 1887.
Week Ending Jan. 87.
Exports
from—
Great
Galveston
|
New Orleans..
10,803,
....
Charleston....
Wilmington
4,303
..
.
■
j
i
Point,Ac
New York
Boston
•
.
.
3,050
3,318
11,442
0,355
....
11,382
8.050
1,556
■
515
4,025
•
•
•
3,383
■
210
67
0,843
Total 1886-7. 119,131
11,198
Includes exports from
Great
Britain. France
Conti¬
nent.
4,021
218,076
445,253 200,038
50,496
8,446
74,818
278,451
’
mssi
90.129
25,839
68,377
6,305
4,302
59,470
32,576
2''4,S8?
12,480
160,671
279,305
147.711
Total.
296,918
023,742
50 490
3,440
380,718
21,806
145,985
233,070
112,407
189,417
101,733
447,006
1 990
105,508
1,805
22,658
83,98S
36,336
>
187,443
..
„
o
103 512
40,00j 105,549 1,882,104
37.635
1,975
1,002
3,760
272,38?!
44,421 174.753 1,849,951 899,276
Brunswick.
are
Sept. 1,1887, to Jan. 27,1888
15,775
11,100
1,556
3,318
11,442
13,313
3,511
....‘..I
55,697
*
4,936
4,936
10,635 27,546
......
3,5ll
Phlladelp’a’Ac
Total
Week.
8,750
..
Norfolk
Baltimore
Total
nent.
|
Florida
West
6,0 '8
Conti¬
8,750
Mobile
8avannah*
France
Brit'n.
From
.
DAILY CLOSING THICKS OF
H arcli delivery
1886-87.
1887-88.
and 8'45c. for South America,
92O,938|3,O25,420
742.060 2,901398
THE
January 28, 18S8.J
CHRONICLE
137
CD
In addition to above
exports, our telegrams to-night also give
us the following amounts of cotton on shipboard, not cleared,
at the ports named.
We add similar figures for New York,
which are prepared for our special use by Messrs. Carey, Yale
& Lambert, 24 Beaver Street.
g—® ® p.
i |sr*c
ills*
:
to
On Shipboard, not cleared—for
Jan. 27, at—
Great
Britain.
Other
France\
Foreign
23,433
6.500
5.700
3.700
.....
15,138
18,162
4,005
None.
None.
None.
None.
None.
None.
None.
3,200
3,300
700
w
4,719
18,000
7.500
12,000
2,562
None.
3,000
None.
None.
6,700
3,000
None.
60,738
6,500
9,600
10,600
12,188
20,000
17,200
15,000
3,600
4,907
2,000
«
18,138
36,924
15,212
151,826
797,450
Total 1887
Total 1886
82,383
107,085
35,022
33,371
57,735
12,184
22,202
187,324
204,830
745,499
878,409
99
<
C*3J
OOO
®
Middling
Good Middling
Strict Good Middling..
Middling Fair
Fair
GULF.
'13
Ordinary
ft), 7 78
838
Strict Ordinary
Good Ordinary
Strict Good Ordinary
Low Middling
:
Moil Tiics Wed
7 78
838
9516
913,6
i
78
8:4
95.6
913.6
:
95j6
9'*18
104
Middling
05 05®a
wto
M
MM
MM
99
00
M
<
®
M y,
Tli.
*°10
840
9516
913,6
93a
9%
Good Middling
Strict Good Middling.
104
104
11
11
11'
11
114
115a
124
Middling Fair
Fair
STAINED.
1114
1158
124
Sat
114
115a
124
$ lb.
8*%
.-
8%
10:h 6
MARKET
'
V,1™
8_^8
,
12*3,6
Tli.
Fri.
83s
7%
73.i
8*10
8*16
9^
10J4
lO'hs
AND
on same
CLOSED.
Sat
Mon
Tues.
Wed
Thurs
Fri...
Dull
..
.
.
port.
Quiet and steady
Very dull
Dull
Dull ® 4c, adv....
Dull anu easier..
Total.
Tlie
m
m
m
103*
103:
87i
148!
100
m
10
86j
....
10
•
The
Sales
on
days.
....
....
....
....
....
....
....
....
....
....
are
Prices
of
actually
Futures
FUTURES.
I
Sales,
i
1
103
103
97
24,800!
62,300'
148
54,900
100
99,500;
637
....
are
*
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*
Inolnnee sales in September, 1887, lor September,
258,200; Sep
tember-October, for October, 570,200; September-November, for No¬
vember, 481,000; September-Decomber, for December, 1,027,400.
We have included In the above table, and shall continue each
give, the average price of futures each day for each month. Ii
will be found under each day following the abbreviation “ Aver **
Tha
average for each month for the week 1s also given at bottom of table.
weefc to
Deliv¬
eries.
415.700!
....
....
....
delivered the day
shown
Transferable Orders—Saturday, 10\55c.; Monday, 10 55c.;
Tuesday.
I0'55c.; Wednesday, 10’55o.; Thursday, 10-55o.; Friday, 10 55c.
The
69,300i
86 104,900!
which they arc reported.
and
following comprehensive table:
....
627!
daily deliveries given above
revious to that
....(
®
9<=®
CO
M
X©
Con-! Spec- TranTotal.
suwp itl'Cn sit.
Ex¬
W
|l§|
^ W®
igfii
*
2
x
SALES OF SPOT AND TRANSIT.
SrOT MARKET
XT
B’P
*r§
:
<4
Aver
Aver
Aver 10-6 10-65 Aver
71- 10*7 ® 24 10*75 1073 10-69 10-6
X
SALES.
The total sales and future deliveries each
day during the
week are indicated in the
following statement. For the con¬
venience of the reader we also add a column which shows at a
glance liow the market closed
%
2
c< to
M
'
}J“I0
12°16
938
9516 I 9»]e
95ig
103i6 10316 10*4
9fie
Middling
11.11 H
9
so
10
1013.6 101316
111,0 lHl0
115.6 115,0
Moil Tues Wed
p •
c6o*
I
to 00
97a
9_7a
114
115a
124
•
to
.
9» <^e_.
•
FrI.
715,6
84e
10 34
P
p,
•
mm
dd
O05
Oi rr.
71316
8‘>ie
778
8-%
104
1
C* V*
90SO
w
99o9
104
104
104
10°16 105,6
109,6 109,0 109,0 109,8 105a
1058
Strict Low Middling..
® •
I §r:
dd>©cb
MM^*1*
I
FrI.
13
9:hfl
9;hfl
O^iei d'16
Sat.
1
<
*
mm«m
Ot 05
840 I
94
9*10 i 94
94
94
9140
10*8
Ids
10*8
10i8 i 10316 103,6
10*16 10*16 1046 10*16 l()i2 10*2
105a
105s
1058
10'4
10140 1011-6
H>78
107a
1078
10*8
101516 10luiy
1118
Ills
11*8 ; 1118
H»10 11*16
11 *2
1112
1 1 91 0 H910
1112
1112
12i8
i2ie ; 12iti ; 12»s
123i6
9:he
Strict G' od Ordir ary
Low Middling
Strict Low Middling
Good Ordinary
Strict Good Ordinary
Low Middling
734
84
to
•
99
I
M
OOcO
op
—
7%
84
<
®
05 05
MO
M M 60
—
Tli.
99
**
day, but to-day it was barely maintained, middling uplands
closing easy at 10 11-16c.
The total sales for forward delivery for the week are 415,700
bales.
For immediate delivery the total sales foot
up this week
637 bales, including 10 for export, 627 for
consumption,
for speculation and — in transit.
Of the above
bales
were to arrive.
The following are the official quotations
for
each day of the past week—Jan. 21 to Jan. 27.
7\
8*4
•
5
S’
*
.
to- *
8°’
M ►—*n m
73*
^
•
M9>
©x
MM
aoab a
toco,-1-*
lb
rt
•
SSgS Scgg
xc*
o
ths spot has been very dull, and stocks have further
increased.
There was a nominal advance of l-16c. on Thurs¬
Ordinary
Strict Ordinary
Good Ordinary
•
sag
*>
ST^x*
SB S>XR
MM
to
on
Mon. Tnes Wed
® •
eg: f1
x
©©*
the fc ct that the interior movement, small as it was, some¬
what exceeded the expectations of the bull
party, while
stocks, except at Memphis, were pretty well maintained. Cot¬
Sat.
:
P
:
g:
14..
-
^
•
g
:
*
speculation in cotton for future delivery has been very
quiet for the week under review—in fact it has been one of
the dullest periods on record. Neither bulls nor bears seemed to
have the ccuiage of their convictions, for bo h sides seemed
to be told ercugh in speech but timid in action.
While the
bears predicted an important decline, none da^ed “go short” to
any considerable extent; and the bulls, though declaring a
sharp advance inevitable later on, contented themselves with
realizing when the profit of a few points was offered. Foreign
advices have been rather depressing, but the movement of the
crop hes continued small for the season.
On Wednesday
afternoon there was a slight advance dua to the reduced
stocks at Memphis (^s corrected) and some covering by bears
who had become uneasy at the failure and the
prolonged dulness to weaken values,
and some further improvement on
Thursday on a decidedly stronger report from Liverpool.
To-day there was a slight advance in the e^rly dealings fol¬
lowed by a considerable decline and a weak closing owing
to
UPLANDS.
:
o' S
<
® Mrrt Q*
Tfce
T
•
I ^to;
81,552
ton
9 i
o<jS§.
313,680
34,100
30,293
71,731
28,050
33,619
230,514
55,463
Total 1888
42,172
•
T’bSvJ
U.
® ®
BS-m»
Stock.
Total.
1?»16
New Orleans....
Mobile
Charleston
Savannah
Galveston
Norfolk
New York
Other ports
•
:
:
CK}
•
•
a
s-® a »
B a -
g
:
<1
•
Leaving
Coast¬
wise.
*
:
@3|i
li® o
a ® ® a
agS?
B OB'*
by the
following exchanges have been made during the week t
13 pd. to excli. 500 Apr. for June.
35 pd. toexch. 100 Oct. for Sept.
06 pd. toexch.20( Sept, for Feb.
27 pd. to exch. 400 Feb. for May.
33 pd. to exch. 40 > Fob. for June.
*12 pd. to exch. 500 Feb. for Mar.
•] 3 pd. to excli. 100 Mar. for
May.
•03 pd. to exch. 1,000 June for
July.
•15 pd. to cxeh. 200 Jan. for Mar,
•02 pd. to exch. 200 Jan. for Feb.
The Visible Supply of Cotton to-night, as made
up by cable
and telegraph, is as follows.
The Continental stocks, as wellaa
those for Great Britain and the afloat are this week’s
returns,
and consequently all the European figures are
brought
to Thursday evening.
But to make the totals the
down
complete
s±.
1888.
bales
746,000
831,000
stock.
776,000
842,000
3,400
Liverpool
Loudon
Total Great Britain
Stock at Hamburg
5,000
43,500
26,000
Stock at Antwerp
Stock at Havre
Stock at Marseilles
Stock at Barcelona
Stock at Genoa
Stock at Trieste
Total Continental
823,000
15,000
41,000
-r
35,500
25,000
29,000
400
900
183,000
211,000
3,000
46,000
4,000
10,000
3,000
43,000
5,000
5,000
314,700
stocks.
20,500
300
900
Rotterdam
Stock at
618,000
day of the past week.
>
36,000
Egypt, Brazil,&c.,afltfor E’r’pe 949,276
in United estates ports..
Stock in U. S. interior towns.. 303,197
15,788
United States exports to-day.
Stock
800
1,700
141,000
4,000
1,100
210,000
4,000
45,000
10,000
3,000
41,000
273,800
372,800
324,200
454,000
41,000
41:000
10
Wilmington
10116
lOho
1011G
10116
10 *16
lobe
loi16
10116
10116
lOlis
10»4
10 38 W Lj
10%
1038@12
1034
1038®1!?
1011.Q
101116
10U16
.
10116
27,118
33,529
1034
10 34
...
1038t£'12
10n1G
101116
....
Cincinnati
Louisville
1038 a)
...
American—
,
United States
493,000
949.276
363,197
15,778
interior stocks..
United States exports to-day..
Brazil, dc.—
185,000
30,000
132,700
,
Continental stocks
India afloat for Europe
Egypt, Brazil, &c.,
,
afloat...
Total East India, &C-...
451,000
636,000
932,823 ]L,083,239
444,514
313,271
552,000
27,118
19,000
33,529
Week
266,591
Endin']—
142,000
15,000
224,000
100,200
98,800
70,000
36,000
130,000
41,000
41,000
60,000
453,700
472,200
347,800
462,800
5 r>ed.
10i hoci.
Upl., New York....
5:>>icd-
5(1.
6(1
9Uc.
9--51gc.
113iGc.
date of
corres¬
decrease of 40,887 bales as
to-night of 234,802 bales as compared with the same
1887, a decrease of 31,710 bales as compared with the
and a
At the Interior Towns the movement—that is the receipts
for the week and since Sept. 1, the shipments for the week,
and the stocks to-night, and the same items for the corres¬
ponding period of I860 87—is set out in detail in the following
ponding date of 1880
compared with 1885.
statement.
91:j!6
978
978
9^8
for the
same
•
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figures for Louisville m ooin years are “net.”
above totals show that the old interior
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to
CCOMliO
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W
Of
j
©M
*3 On
(X)
c'se
M
X
X
<1
io5.
x
*
t Actual count.
stocks have
decreased during the week 24/.:9 J bales and are to-night 49.920
bides mere than at the same period las!; year.
The receipts at
the same towns have been 32,518 bales Jess than
week last vonr. and since September t the receipts
| jwns
arc
978
10
10
10
10
l837-88h88S-fe0
188C-S7 18S7-S8
1885-8011886-67! 1887-88
week were 117,-104
bales and for 1886 they were
Jan. 27.—In the table below
give the receipts from plantations in another form, and add
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.
to them the net
1886-87. i 1885-86.
Receipts at tire ports to Jan. 27
Interior stocks on Jan. 2/ in
of
27
...
....
18S4-85.
4,196,132 4,310,172 4,113,246 4,126,992
374,182] 303,301
September 1
!
460,492
263,657
4,860,314 4,649,473 4,573,738 4,390,649
358,048
525,092
513,742
710,712
131,000
115,000
5,770,020 5,313,215 5,229,830
4,863,697
150,000
205,000
I
spinners’ takings to'I
!
il,284.1024,0SS.230 1,151,099
by the above that the increase
Weather Reports bt Telegraph.—Our reports from the
South to-night by telegraph denote that while the temperature
has not been so low as during the previous week it has yet
M
M M © *4 © M © *0
CCMMO'CH40:v]<l
X © X © X to 4* © © ©
co on-ioW'-**—
© © x w o< m to
^1
9131C
is 912,326 hales.
>3
to 4-
o»
vs.
978
889,880
in amount in sight to¬
night, as compared with last year, is 462.811 bal°s>, the increase as
compared with 1885-0 is 516,196 bales, and the increase over 1884-5
to
V1
978
JSVkat Interior Town.0. Rec'pts from Plant’ns.
'Amount of Cotton in Sight
Jan. 27
•
CCGC5>ri-r
©
10
we
Northern
g/ip.
p
w
:
M M © W M © tO
M O *- © GC tO ©
M
©
913ic
117,896 bales.
Total in sight Jan.
•
05
©
w
02
lO^®^
10%
That the total receipts from
1, 1887, are 4,860,314 bales;
1885-6 were 4,573,738 bales.
2.—That, although the receipts at the outports the past week
were 90,130
bales, the actual movement from plantations was
only 64 310 bales, the balance being taken from the stocks at
the interior towns.
Last year the receipts from the plantations
It will be seen
M
ioi16
10%
10
91316
10
10
10
10
10
10
-
M
10
10
978
The above statement shows—1.
the plantations since September
in 1886-7 were 4,649,473 bales ; in
excess
rt3°-r
<5 ® 5
H
W
SP
M
91316
91316
Tot. receipts from plantat’ns
Net overland to Jan. 1
Southern consumpt’nto Jan. 1
M
978
J189,652 230,6.8'188,824 544.507 413,595;493 843,212,090
240,019 179,029
833
39,000
imports into Continental ports this week have been
50,000 bales.
.
The above figures indicate a decrease in the cotton in sight
m
91316
9^8
138.7311127,229
.,140,829,159,044 159,308 520,501J423,232 401,804 123,
.' 108,488,142,Vi 15 115,741 513,993 339,745' 437,202j 95,'920;119.4'8 121,139
92,033
.,110,310 155.884 103,403 493,250 3 0,428 423,832 89,r:67 132,507j 64,310
134,804 132,i 31 90,130 470,342 351.301 398.012 117.816 1 7,464
41,000
56,800
93,000
The
to
91316,
9i»16
9i316
1881-83 188C-87
30
190,000
11,000
3,017,961 3,252,823 t3,049,071 3,058,848
Upl., Liverpool...
X
97s
913l0
978
Receipte at the Ports.
885,457
2,56A,261 2,780,623 2,701,871 2,596,048
supply
Total visible
•
9^8
Receipts from the Plantations.—The following table
Indicates the actual movement each week from the planta¬
tions.
The figures do not include overland receipts nt r
Southern consumption; they are simply a statement of the
2,564,261 2,780,623 i2,701,871 2,590,018
Total American..
East Indian,
.
978
9^8
10
10
..
9^8
3,252,823 3,049,6/1 3,038,848
and other descriptions are asfollowt: weekly movement from the plantations of that part of the crop
599,000
47G.000
641,000
which finally reaches the market through the outports.
bales1 561,000
274,000
217,000
221,000
182,000
Liverpool stock
Continental stocks
American afloat for Europe...
United States stock
Price Mid.
10
St. Louis
Total visible supply .......3,017,1)61
Orthe above, the totals of Amerioan
Price Mid.
10
Memphis
60,000
10
10
91-fie
934
Philadelphia
885,457
266,591
19,000
932,823 1,083,239
411,514
313,271
10
10
Norfolk
Boston
Baltimore
39,000
552,000
93,000
c
10
978
913] 6
91316
91316
..
900,800 1,236,800
10
Fri.
Thurs.
10
...
7,000
Wednes.
Tues.10
10
MIDDLING COTTON ON—
Galveston
New Orleans.
Mobile
Savannah
Charleston
...
4,000
ifon.
Satur.
Augusta
1.090.700 1,166,200
130,000
70,000
636,000
493,000
India cot ton afloat for Europe
Amer. oott'n afloat for Eur’pe
300
CLOSING QUOTATIONS FOR
Week ending
Jan. 27.
864,000
7,000
41,900
53,000
633,000
4,300
middling
for eacu
In the table below we give the closing quotations of
cotton at Southern and other principal cotton markets
—•
.
Middling Cotton at Other Markets.—
Quotations for
to-night (Jan. 27), we add the item of exports from
Friday only.
•the United States, including in it the exports of1886.
1885.
1887.
flgures for
Btook at
Stock at
[VOL. XLVI.
THE CHRONICLE.
Vib
the same
at all the
126,263 bale3 more than for the same tune m
been quite wintry.
The prevailing conditions still act as a
partial hindrance to the movement of the crop.
Galveston, Texas.—It has rained on four days of the week,
The
the rainfall reaching one inch and thirty hundredths.
th* rmometer has averaged 48, ranging from 39 to 53.
Palestine, Texas.—TeWram net received.
San Antonio, Texas.—We have had rain on two days of
the week, the lainfall reaching forty-eight hundredths of an
inch.
Average thermometer 46, highest 54. lowest 37.
New Orleans, Louisiana.—We have had rain on four days
of the week, the rainfall reaching one inch and ninety hun¬
dredths. The thermometer has aveiaged 55.
Shreveport, Louisiana.—Telegram not received.
Columbus, Mississippi.— Ik has rained on four days of the
week, the rsiufr,ll reaching one inch. The thermometer has
ranged from 20 to 56, averaging 43.
Leland, Mississippi.—The weather for the week has been
more favorable.
This is the second day of fair weather. Ice
and snow have disappeared and-everything to-day looks like
spring. The thermometer has averaged 37*9, the highest
being 64 and the lowest 22.
Greenville, Mississippi.—Telegram not received.
Vicksburg, Mississippi.—It has been showery on three
days of the week, the rainfall reaching ninety-five hundredths
of an inch.
Average thermometer 42, highe^-t 5 >, lowest 32.
Little Reck, Arkansas.— ihe weatl er has been pleasant
during the week, but the thaw has ma e land travel very
diificult on ac. ount of the bid roads.
Light rain has fallen
on ui e Jay and the lainfall reach'at ihree hundredths of an
inch.
Toe thermometer h
sve aged 33.
Hbl Hu. Arkansas.—it. h s rained lightly on one d sy of the
week, the rainfall reaching ten hundredths of an inch.
There
looo-V. * is snow sun on ihe gioimu, cum no pcogiebd mto oeou au«i
THE CHRONICLE
January 28, 1888, J
Receipts thio week are half what
last season. The thermometer has
ranged from 22 to 52, averaging 33.
Memphis, Tennessee.—It has rained on three days of the
week, the rainfall reaching sixteen hundredths of an inch.
EXPORTS TO EUROPE FROM ALL INDIA.
toward planting cotton.
they were for the week of
Average thermometer 33, highest 54, lowest 19.
Nashville, Tennessee.—There has been rain on three days of
the week, the rainfall reaching ninety-four hundredths of an
inch. The thermometer has
48 and the lowest 22.
139
1887.
1838.
Shipments
to
all Europe
This
week.
from—
Bombay
14,000
All other ports.
Total
averaged 32, the highest being
This
week.
Since
Jan. 1.
60,000
1886.
Since
Jan. 1.
31,000
7,000
21,000j 5,500
21,000|
81,000!'36,500
This
week.
Since
Jan. 1.
83,000
21,000
10,000
4,500
52,000
20,500
104,000
23,500
72,500
Alexandria Receipts and Shipments.—Through arrange¬
ments we have made with Messrs. Davies, Benachi & Co., of
Mobile, Alabama.—We have had rain on five
week, the rainfall reaching one inch and sixteen
The thermometer has averaged 52, ranging from
Montgomery, Alabama.—Rain has fallen on
days of the
hundredths. Liverpool and Alexandria, we now receive a weekly cable of
the movements of cotton at Alexandria, Egypt.
23 to 64.
The follow¬
four days of ing are the receipts and shipments for the past week and for
the week to the extent of one inch and thirty-six hund edihs. the
corresponding week of the previous two years.
The roads are in bad condition. The thermometer has ranged
Alexandria, Egypt,
from 24 to 58, averaging 48.
1887-S8.
1886-87.
1885-S6.
Jan. 25.
Selma, Alabama.—There has been rain on four days of the
week, the rainfall reaching ninety hundredths of an inch. Receipts (cantars*)—
This week....
80,000
Average thermometer 46, highest 53, lowest 25.
55,000
50,000
Since Sept. 1
2,520,000
2,467,000
2,428,000
Auburn, Alabama.—Rainfall for the week one inch and
This
This
Since j
This
forty-two hundiedths. The thermometer has averaged 46,
Since
| Since
week,
the highest being 57 and the lowest 28.
J Sept. 1. week. Sept. 1. week. Sept. 1.
1
Madison, Florida.—Rain has fallen on four days of the Exports (bales;—
week, to the extent of sixty-five hundredths of an inch. The
To Liverpool
7,000 180,000
7,000 189,000^
168,000
To Continent
thermometer has averaged 50, ranging from 25 to 64.
5,000 106,0001 3,000
91,000, o»<j bo 00 95,000
Macon, Georgia.—We have had ram on three days of the
Total Europe
12,000 295,000! 10,000!280,000l 12,000 263,000
781
i'
00
1
week.
Columbus, Georgia.—Rainfall for the week
twelve hundredths.
*
inch and
one
The thermometer has
ranged from 33
51, averaging 43.
Savannah, Georgia.—We have had rain on four days and
the balance of the week has been pleasant.
The rainfall
reached fifty-two hundredths of an inch.
Average thermom¬
eter 46, highest 57 and lowest 38.
Augusta, Georgia.—The weather has been cloudy and cold
during the week with rain on the three dtys to the extent of
to
one
inch and
seven
hundredths.
The week clos
clear and
s
A cantar is 98 pounds.
This statement show that the receipts for the week
Jan. 25 were 80,000 cantars, and the shipments to all
12,000 bales.
ending
Europe
Manchester Market.—Our report received by cable to-night
from Manchester
states that the market * is
dull
for
both yarns and shirtings.
We give the prices for
below, and leave those for previous weeks of
last year for comparison :
to-day
this and
1887-88.
The thermometer has averaged 43, the highest
pleasant.
|
1886-87.
being 57 and the lowest 26.
Cott'n
Cott’n
32.s- Cop.
32s Cop.
8H M s.
8*4 lhs.
Atlanta, Georgia.—Telegram not received.
Mid.
Mid.
'heist.
Twist.
Shirtings.
Shirtings.
Charleston, South Carolina.—We have had rain on four
UpIds
TJpldi
days of the week, the rainfall reaching fifty-one hundredths
d.
d. s. d.
s.
d.
d.
d.
d. js. d.
d.
8. d.
of an inch.
Aveiage thermometer 45, highest 60, lowest 33. Dec.23 75s
;5 9 Yv7 1*2 5i Le 7»ia®7i516 5 8 "SO 10
514
30
7;k
a
85*8
,5
10k>7v7
3
5
-h
Scatebarg, South Carolina.—We have had rain on three
75i6«)71516[5 8 'SO 10
514
5Hi6 75ic®7i5j(jl5 8 ®6 10
days of the week, the rainfall reaching forty-eight hundredths J tn. 136 734 'S’S'^s 5 10b>«~ 3
5&j«
5
z*
Z!:<io-?Tig!5 9 ®Z 2
71>ig®715|(j|5 9Lj©6 10kj 514
of an inch.
Quite cold. The thermometer has averaged 37,
J4 ®77b
0a 6 101>2
r>-\s
207i.‘5u>—8«1(>'5
the highest being 53 and the lowest 21.
27 71-V.—SV.5 9 ®7 2
5^8
7]4 ®77h
0L>a)(j lOLj1 Shu
Wilson, North Carolina.—Rain has fallen on one day of
—At a meeting of the membsrs of the N w York Cotton Ex¬
the week, the rainfall reaching three hundredths of an inch.
The thermometer has ranged from 22 to 49,
change, held at 3-15 p. m. Friday, tlis following reiolutions
averaging 35.
The following statement we have also received
by telegraph, were presented and adopted :
showing the height of the rivers at the points named at 3
Whereas, it lias pleased tlie Almighty disposer of events to call from
“
“
“
/
“
o’clock Jan. 26, 1888, and Jan. 27, 1887.
| Jan. 26,’88.
Feet.
New Orleans
Memphis
.Above low-water mark.
.Above lo w-water.mark.
.Above low-water mark.
.Above low-water mark.
.Above low-water mark.
....
Nashville....
Shreveport
Vicksburg...
..
India Cotton Movement
from
all
Inch.
7
20
7
0
12
8
20
20
3
Jan.
Feet.
27,’87.
Inch.
2
8
8
12
27
3
10
3
Pouts.—The
6
0
2
receipts
and shipments of cotton at Bombay have been as follows for
the week and year, bringing the figures down to Jan. 25.
BOM-BAT RECEIPTS AND SHIPMENTS FOR FOUR YEARS.
Shipments this week.
Tear Great Conti¬
BriVn. nent.
1888
1887
188C
1885
Total.
1,000 13,000 14,000
0,000 22,000 31,000
10,000 10,000
2,00*6 4,000 6,000
Shipments Since Jan. 1.
Great
Britain
Conti¬
nent.
12,000
17,000
10,000
48,000
66,000
42,000
37,000
11,000
Total.
60,000
83,000
52,000
48.000
Receipts.
This
Week.
30,000
40,000
45,000
27,000
Since
Jan. 1.
Also the
100,000
166,000
140,000
85,000
According to the foregoing, Bombay appears to show a
compared with last year in the week’s receipts
of 1,000 bales and a decrease in shipments of 17,000 bales, and
the shipments since Jan. 1 show a decrease of
23,000 bales.
The movement at Calcutta, Madras and other India
ports for
the last reported week and since the 1st of
January, for two
years, has been as follows.
“Other ports” cover Ceylon,
decrease
Tuticorin, Kurrachee and Coconada.
Shipments for the week.
Great
Britain.
Conti¬
nent.
Total.
Shipments since January 1.
Great
Britain.
Madras—
1888
4.000
3,000
7,000
2,000
1,000
3,000
8,000
8,000
*’50*6
2,000
4,000
5,000
1887....“..
All others—
500
1888
2,000
1,000
3,000
4,000
3,000
2,000
7,000
6,500
was
following resolution presented by M-. C. W. Ide
adopted :
M
That the thanks of the members of the Exchange bo tendered to
those in charge of the Chambers Street Hospital for th ir kindness and
treatment of Mr. W. II. Brodie and their courteous treatment of his fam¬
ily while visiting him.
The
following
Total.
4,000
2,000
2,000
12,000
10,000
2,000
2,000
3,000
4,000
7,000
0,000
committee
appointed to attend the
was
funeral: M. B. Fielding, C. W. Ide, C. D. Miller, T. W. Will¬
Taos. Scott, E. H. Stinker, James S.vann, Wm. Wood¬
ward, Jr., Geo. Copeland, Wm. P. Campbell, N. Herrmann,
Felix Warly, W. T. Tannahill, James F. Wenman, S, THubbard, Jr.
iams,
Exports
Continent.
Calcutta—
1888
1887
midst our esteemed and beloved associate, William II. Brodie, and
Wher* as, the exalted character of the deceased renders it alike due to
his memory aiul to ourselves that we should otter our tribute to his
worth; therefore,
Rvso ved, That in the sudden death of our late associate we arc called
to mourn the loss of one of our oldest and most honored members ;
Resolved, That Hie manly virtues of our deceased friend, the noble traits
of his character, the generous impulses of his nature, the kiiuluess and
frankness of his manners, had endeared him to us by ties of the
strongest nature, and have engraved his memory upon our hearts in
lines which the lapse of time cannot ett'aee ;
Reso'rcd, That we deeply sympathize with the relatives of our deceased
friend iii their bereavement, amt although on such an occasion one cannot
oiler any consolation to hearts crushed and bruised by their affliction,wo
can unite our tears with tlieir own and mourn with the
sincerity of ardent
friendship, the blow which has deprived them of the loved husband and
father, and ourselves the noble associate, companion and friend ;
Resolved, That the above preamble and resolutions be entered upon the
minutes of the Exchange, and that a duly authenticated copy
be trans¬
mitted to the family of the deceased.
our
of
Cotton Goods from Great Britain.—Below
give the exports of cotton
yarn, goods, &c., from Great
Britain for the month of December and since October 1 in
1887 and 1886, as compiled by us from the British Board of
Trade returns.
It will be noticed that we have reduced the
movement all to pounds.
we
Yaviiik 'thread.
C'oth.
Total of All.
CCOo omitted.
1887.
Lbs.
Total allOctober
1880.
j
18-7.
Yds.
Ib8
1.
Yds.
Lhs.
23,012
409,907
428,415
|
|
l*3->7.
Lhs.
1*80.
1887.
J Lhs.
Lhs,
;
74,539 77,894 98,773
77,370 70,828 103,125
1880.
Lhs.
101,506
101,300
7,000
21,000
6,000
21,000
November
24,234
25,749
24,478
•425,505
422,554
The above totals for the week show that the movement from
the ports other than Bombay is 500 bales more than the same
December
24.963
20,4*5
455,815
378,634j 82,875 08,842 107,888
89,327
Tot. 1st
74,940
08,575 1291,347 1229,003:234,790 223,504 309,730
292,139
1887
4,500
14,000
15,000
quarter.
week last year.
For the whole of India, therefore, the total
shipments since January 1, 1887, and for the corresponding
periods of the two previous years are as follows ;
< Total
exports
cotton manufactures
,
739
640
5,008
5,245
310.143
208.030
THE CHRONICLE
140
■■
1
The foregoing shows that there has been exported from the
United Kingdom during the three months 316,143,000 lbs. of
manufactured cotton, against 298,030,000 lbs. last year, or an
increase of 18,113,000 lbs.
The Introduction of American Cotton in East Africa.
—A dispatch to the Journal of Commerce from Galveston,
“ Ten tons of superior Texas
cotton seed were shipped from here to-day, consigne 1 to the
German EiSt African Colonization Society, Zanzibar, Africa
An experienced planter accompanied the seed for the purpose
of instructing the natives of Zanzibar in the cultivation of the
cotton plant.
This event marks the introduction of American
Texas, Jai uary 25,
cotton
on
says
the East Coast of Africa.”
Jute Butts, Bagging, &c.—The market for bagging has
fcetn rather quiet, and only small orders are coming to hand.
Prices are about as last, and sellers are quoting
for 1%
lb., 6c. for 1% ib., 6^e. for 21b. and 7c. for
standard grades.
reported at 2}£(32%c. for paper grades and 2%@
2%c. for bagging qualities, and the market closes at these
Some trade is
figures.
exports of cotton from the United
Shipping News.—The
States the past
week,
as per
latest mail returns, have reached
167,s28 bales. So far as the Southern ports are concerned, these
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.
[Vol. XL\I.
Baltimore—For Liverpool—Jan.
Serra, 2,454
Ohio, 1,548
9,188
167
575
202
Professor, 6,035 ...
per barks Asiana,
Cadiz, 5,961
Costa Rican, 7,399
Statesman, 3,944
Vandyck, 2,800
Seringapatam, 3,920
To Havre, per steamer Marseille, 7,074
4,085
per ship Margar-
etha, 4,421
To Bremen, per steamers Erl King, 4,060
Hatlicld, 4,786.
To Antwerp, per steamer Matthew Bedlingtou, 1,057
To Genoa, per steamers Azalea, 3p 49
Bellarena, 4,008...
Savannah—To Liverpool, per barks Felix Mendelssohn, 3,060
.Magdalena, 3,309
To Havre, per bark Aurora, 2,250
Brunswick—To Liverpool, per steamers Lake Nepigon, 4,620
89
Thirty-live bales were destroyed and 30 damaged.
quenched with but slight damage.
-was
Indiana, steamer, Boggs, from Philadelphia Jan. 11 for Liverpool,
which arrived at Queenstown Jan. 22, reports that on the 14th
inst. fire broke out among the cotton in her after hold, but the
flames were Anally quenched.
La Gascogne, steamer (Fr.), for Havre, and steamer Switzerland (Belg.),
for Antwerp, were iu collision Jan. 21 off Bedloe’s Island, New
York. The La Gascogne sustained only slight damage and pro¬
ceeded to destination on the 22d. The Switzerland had nine plates
broken on the port bow, above the water line, her nose twisted and
forward compartment
on the 23d.
freights the past week have been as follows :
Cotton
Salur.
Mon.
Tues.
Wednes.
Thurs.
Fri.
1e@964
16'3>9G4
^©9(54
a8®964
^ a) 9(34
1e®964
6,369
2,250
...
Mozart, 6,015
Charleston—To Liverpool, per steamer Borinqucn,
per barks Rcsoluto, 1,631 — Sagona, 2,375
To Reval, per steamer Huntsman, 5,400
Galveston—To Liverpool, per steamers Dunholme,
Eastern Princess, 5,160
To Bremen, per steamer Queen, 4,593
Wilmington—To Queenstown, for orders, per hark
7.
2,600—
6,606
5,400
2,608
Hjemmet,
1,331
Liverpool, per steamer Springfield, 6,713—per
Malegwyn, 5,410
12,123
West Point—To Liverpool, per steamer Port Adelaide, 8,115 —
per bark Tiber, 1,01.5
9,130
Newport News—To Liverpool, per steamer Duke of Bucking¬
bark
Boston—To
300
steamers Barrowmore, 2,495
Liverpool, per steamers Venetian, 2,720
To Yarmouth, per steamer Dominion, 77
Philadelphia—To Liverpool, per steamer
1,175
5,673
238
The
particulars of these shipments, arranged
follows:
daw, Rarceand
and
and
Yar¬
.
.
.
Wilmmgt’n
Norfolk
...
WestPoint.
12,123
9,130
Newport N.
Baltimore.
Boston
PiiUadel’ia.
4,306
5,(573
4,793
1,175
Total...118,160
1,334
300
238
1,238
i’boo
’*"58
Total.
13,313
69,449
8,619
10,635
12,006
12,361
1,334
12,123
9,130
4,606
7,149
4,870
2,233
77
2,739 14,320 13,94110,934
7,657
77 167,828
Below we add the clearances this week of vessels
cotton from United States ports, bringing our data
carrying
down to
Galveston—For Vera Cruz—Jan. 20—Steamer Whitney, 1,246.
Nxw Orleans—For Liverpool—Jan. 20—Steamer Bernard Hall,
For Havre—Jan. 23—Steamer Tancarville, 5,846.
For Bremen—Jan. 23—Steamer Escalona
■; Bark Hera,
For Barcelona—Jan. 24—Bark Tafalia, 1,200.
Mobile—For Liverpool—Jan. 24—Ship Mohur, 4,080.
BAVANNAH—For Liverpool—Jan. 23—Steamer Storra Lee, 4,393.
For Barcelona—Jan. 21—Steamer Marion, 5,582.
Charleston—For Havre—Jan. 23—Bark Nellie T. Guest, 3,050.
Westergate, 4,150
Norfolk—For Liverpool—Jan. 23-Bark Maiden City, 3,318.
Newport NEWs-For Liverpool-Jan. 21 —Steamer Duke
miuster.
Boston * Foi 1
Btean.er
werpool -Jan. 16 * Steamer Norseman, 1 966
ls.fian, 1,323..., JaD. 20 -Steamer Palmjra,
•
Hamburg, steam c.
8ail...c.
Do
Do
Do
....
....
....
38
38
38
38
m mm
38
....
....
....
1X32
n32
U32
.
....
....
-
.
...
U32
X132
X132
....
....
....
35*
35*
via Leith.d.
•
....
.
CO CJ»
35*
.
*
32 V
mm mm
....
mm*
.
....
32 V
....
....
d. 732®932 732®932 7o2®932 732®932 1364“1764 1304-1764
Reval, steam
d.
sail.
Barcelona,steam d.
Genoa, steam.. d.
Trieste, steam... <7.
Antwerp, steam d.
*4
%
732
....
....
....
....
....
.
H
>4
732
732
732
732
732
>4
*6
J4
*8
*4
*8
%
%
*4
%
Per 100 lbs.
Liverpool —By cable from Liverpool we have the follow¬
ing, statement of the week’s sales, stocks, &c., at that port,
We add
previous weeks for comparison.
Jan. 6.
49,000
Sales of the week
hales
Of which exporters took ...
Of which speculators took...
Sales American
Actual export
Forwarded
Total stock—Estimated
Of which American—Estim’d
Total import of the week
Of which American
Amount afloat
Of which American..
.
Jan. 13.
3,000
32,000
10,000
25,000
623,000
444,000
95,000
80,000
293,000
278,000
1
53,000|
4,000
5,000
Saturday Monday. Tuesday.
Spot,
Market,
)
3,000!
38,000!
9,000
27,000
629,000
447,000
87,0001
65,0001
344,000
334,000
Jan. 20.
Jan. 27.
54,000
3,000
4,000
59,000
5,000
4,000
37,000
41,000
7,000
25,000
5,000
28,000
707,000
522,000
158,000
133,000
317,000
300,000,
746,000
561,000
120,000
99,000
297,000
277,000
Jan. 13,
buyers’ Irregular.
favor.
Th ursd'y.
Friday.
Firmer.
Steady.
55s
5^8
55s
55s
5^8
Mid. Orl’ns.
5llia
5Uie
5Hi6
5Hi6
51116
8,000
1,000
8,000
10,000
1,000
10,000
10,000
1,000
1,000
Dull at
1-64 de¬
cline.
Steady at
1-04 de¬
cline.
Quiet at
Steady at
Steady at
1-64 de¬
cline.
1-64 de¬
cline.
1-64 ad
Very dull.
Steady.
Dull.
Steady.
Firm.
Spec. & exp.
1,000
'
508
5Ul6
10,000
1,000
Futures.
Market,
12:30 i\m.
Market,
4 P. M.
{
J
£
\
Steady.
vance.
Quiet.
Thebpening, highest, lowest and closing prices of futures at
Liverpool for each day of the week are given below. These
prices are on the basis of Uplands, Low Middling clause, unless
otherwise stated.
in pence and QLlhs
1-64(L
The prices are given
4 63-61d., and 5 01 means 5
Sat., Jan. 21.
Open High. Low. <!l08.
Mon., Jan. 23.
thus:
4 63 meant
Tues., Jan. 24.
Open High Low. Clos. Open High Low. Clot.
d.
d.
d.
d.
d.
d.
d.
d.
d.
d.
d.
538
January. ..
J an.-Feb ... 538
5 38
588
538
5 37
538
<5 37
5 38
5 37
537
537
537
538
538
539
5 37
5 38
53?
638
6 87
537
5 37
537
Feb.-March 538
Mar.-April. 5 40
April-May.. 5 41
May-June.. 5 43
June-J uly.. 545
July-Aug... 5 47
538
538
538
5 38
539
538
539
538
538
538
538
6 40
640
5 40
5 40
540
540
540
5 40
5 40
5 39
539
5 41
5 41
5 41
5 41
542
5 41
542
5 41
5 41
5 41
541
543
5 43
543
5 43
644
543
5 44
5 43
5 43
5 43
543
5 45
545
545
5 45
5 46
5 45
5 46
5 45
5 45
545
5 45
5 47
5 47
5 47
5 47
548
5 47
5 48
5 47
5 47
5 47
5 47
5 4'
548
548
548
5 48
548
548
5 47
5 47
5 47
5 47
.
of West
In
Wednes.
Mid.Upl’ds.
G,003.
Jan. 24—
Dull.
Quiet.
p.m.J
the latest dates:
For Bremen—J an. 20—Steamer
Steamer India, 3,900.
c.
Sales
pool. Quccnst. Havre. Brem, Reval. Genoa. mouth.
New York
9,188
167
575
202 3,181
11,495 8,846 1,057 7,657
N. Orleans. 40.394
6,369
2,250
Savannah
Bruns w’k.. 10,635
5,400
6,(506
Charleston.
Galveston
4,593
7,768
c.
sail
Do
12:30
Antw'p Iona
London
Liver-
usual
our
Roller-
Hull,
Glasgow,
Bremen, steam
....
....
38
The tone of the Liverpool market for spots and futures each
of the week ending Jan. 27 and the daily closing prices
day
1,175 of
spot
cotton, have been as follows :
1,000
58
167,828
are as
c.
....
932
°32
516® ^
51U® %
77
Glasgow, per steamer Austrian, 1,000
Antwerp, per steamer Vaderland, 58
in
sail
Do
516® ^
516®38
4,793
British Princess,
Total.
form,
1,238
Vir¬
*
ginian, 2,073
To
To
4,306
300
,
To London, per steamer Toledo, 238
To Antwerp, per steamer Mareca, 1,238
c.
....
....
....
7~68
4,593
1,334
Baltimore—To Liverpool, per
Sarnia, 3,178
Havre, steam
"
10,635
Norfolk—To
ham, 4,306
To Continent, per
sail...rf.
Do
*
11,495
8,846
1,057
7,657
She was placed in Erie Basin docks
flooded.
Sarnia, steamer (Br.), Gibson, from Baltimore for Liverpool, which
arrived at Halifax Jan. 22, had terrific weather and shifted cargo.
She would discharge portion of cargo and re-stow it.
Ile Marthe, ship (Fr.), Bouillant, from New Orleans for Havre, put
back to Port Eads Jan. 20 in distress, leaking. She was towed to
New Orleans, where she will probably be discharged and docked.
Amst’d’m, steam c.
40,391
Jan
19—Steamer Oranmore, 2,060
Herrmann, steamer (Belg.)—A tiro occurred Jan. 18 among the cargo
of steamer Herrmann, Meyer, at Antwerp from New York, hut it
2,102
990
--
Belgenland, steamer (Br.)—A fire occurred Jan. 18 among the cotton
discharged from steamer Belgenland, at Antwerp from New York.
Liverpool, steam d.
Umbria, 78
-
received to date of disasters to ves¬
United States ports, &c.
Below we give all news
sels carrying cotton from
Total bales.
To Hull, per steamer Santiago
To Havre, per steamer La Gascogne, 575
To Bremen, per steamer Ems, 202
.\
To Rotterdam, per steamers Amsterdam. 1,316
Leerdam,
756
To Antwerp, per steamer Switzerland, 990
To Copenhagen, per steamer Tliingvalla (additional), 89
Hew Orleans—To Liverpool, per steamers Alicia, 6,250
1
23—Steamer Sarmatian, 1,965.
For Havre—Jan. 21—Steamer Panama, 210.
For Antwerp—Jan. 21—Steamer Gothenburg City, 67.
Philadelphia—For Liverpool—Jan. 24—Steamer Lord Gough.
are
Nbw York- To Liverpool, per steamers Bothnia (additional),
455... Celtic, 1,720
Donati, 1,074....Humboldt, 1,850
'■
■
■
Aug.-Sept..
6 48
d.
TH B* CHRONICLE
January 28, 188 i.]
Frl.» Jan. 27.
Thors.* Jan. 26.
Wednes., Jan. 25.
Open High Low. Cloa. Open High Low. Cloa.
Open High Low. Cloa.
Receipts at—
Milwaukee.
Toledo
Detroit
d.
d.
d.
d.
d.
d.
d.
d.
<L
d.
5 36
5 87
5 86
5 37
539
5 40
539
5 40
5 40
5 40
5 40
5 40
Jan.-Feb... 536
Feb.-March 5 37
5 37
5 36
537
539
5 40
5 b9
5 40
5 40
5 40
5 40
5 40
5 37
587
5 37
5 40
5 40
5 40
5 40
5 40
5 40
5 40
5 40
538
539
588
539
5 41
5 42
5 41
542
5 41
5 42
5 41
542
5 40
540
5 40
5 40
5 43
543
5 43
5 43
5 43
5 43
543
5 43
Cleveland
8t. Louis
Peoria
May-June.. 5 42
542
5 42
5 42
5 45
545
5 45
545
5 45
5 45
5 45
5 45
Duluth
January ••••
Mar.-April.
April-May.
d.
Flour.
Wheat.
2,883
3,505
3,9001
..
5 44
5 44
5 44
5 47
5 47
5 47
5 47
5 47
5 47
5 47
5 47
Minneapolis.
5 46
5 40
5 48
5 49
5 48
5 49
5 48
5 19
543
5 49
Tot.wk. ’88.
123.009
Aug.-Sept..
5 46
5 47
5 40
5 47
5 49
5 49
5 49
5 49
5 49
5 49
5 49
549
Same wk.’87.
Same wk.’86
Since Aug 1.
187.533
1887 -8
able extent winter killed.
The dulness of the export busi¬
and the slow progress made
caused prices to give way.
On
in reducing the visibly supply
Wednesday at the decline a
better business was reported for export, mainly for Portugal,
and Thursday closed steadier. To-day there was a smart
advance in spots and futures on adverse crop accounts, and
48,000 bushels were taken for export.
DAILY CLOSING TRICES OF NO. 2 RED WINTER WHEAT.
Indian
corn
Mon.
Tues.
Wed.
Thurs.
Fri.
90%
92
93
93%
89%
89*4
90%
91%
92%
92%
95%
8878
91*8
92%
9278
89%
90%
90%
92*4
92%
95
90
91*8
92*8
93
9278
95%
90*8
91%
92
92
95%
927a
95%
materially early in the week, under
of a very poor dem md,
To-day there was a smart
speculation, but the regular trade dull.
advance with
a
brisk
DAILY CLOSING PRICES OF NO. 2 MIXED CORN.
Sat.
February delivery
March delivery
May delivery
June delivery
Oats
range
61%
61%
61%
61%
have been
Mon.
61
61%
61%
l'ues.
Wed.
60%
60 %
60%
60%
60%
60%
60%
61
....
Thurjs.
60%
61
61
60%
Fri.
61%
61%
61%
61%
rather
quiet, but show a well-sustained
To-day there was a slight advance.
of values.
DAILY CLOSING PRICES OF NO.
February delivery.
March delivery
May delivery
2 MIXED OATS.
Sat.
Mon.
Tues.
Wed.
38%
38%
39%
39%
38%
39%
39%
38%
39%
39%
40
DAILY CLOSING PRICES OF NO.
Thurs.
39
39%
39%
39%
.
March delivery
Sat.
Mon.
Tues.
Wed.
Thurs.
41%
42%
41%
42%
41%
42%
41%
42%
0,123,151
5,357,509
Fri.
42
42%
Rye ia higher, with a sale of choice at 75c. Barley and barley malt held for very full prices, but quieter.
The following are the closing quotations:
« bbl.
Super tine
Spring wheat extras.
Minn. clear and stra’t.
Winter shipp’goxtras.
Winter XX ami XXX.
Patents
Southern supers
Bouth’u coin, extras..
$2 20®$2 65
2
2
3
2
3
4
2
3
50 ®
80®
60 ®
85 ®
30 ®
15 a)
75®
25®
3
3
4
3
4
5
3
3
00
20
50
25
30
00
00
50
Southern bakers’ and
S3 60®$4 30
family brands
Rye flour, snperttno.. 3 30® 3 50
Fine
Corn meal—
Western, <fco
Brandywine.
Buckwheat flour, per
100 lbs
2 30®
2 50
3 00®
3 20®
3 25
3 25
2 10®
2 20
Spring, per bush...
Spring No. 2
85
88
Red winter No. 2...
Red winter
White
Corn— YVest’n mixed.
West’h mixed No. 2.
Western white
Western yellow....
White Southern
90
86
85
58
94
®
®
®
®
®
®
89%
91%
93
93
62
60%®
61%
60
60
62
62
®
®
...
®
72
®
.
•
Barley—
Canada No. 1
Two-rowed State..
Six-rowed State....
Milwaukee No. 2...
Malt—State, 4-rowed.
State, 2-rowed
Buckwheat...
••
Bye—
State & Pa., $ bush.
No. 2 white
40
45
40
43
95
82
87
87
95
85
®1 00
®
85
®
90
®
90
®1 00
90
®
61
75
The movement of breadstuffs to market is indicated in the
statement below, prepared by us from the figures of the New
York Produce
lake and river
tive
movement
10,887,320
36,972,040
32,349,068
15.450.811
13,837,156
bush.
July 24, for each of the last
three years:
2,126,088
bush.
279,442
33,611
6,930
27,778
155,712
17,100
Total week. 275,103
Uor. week 87.. 230,519
202,955
857,303
598,036
632,702
412,161
89,088
514,546
74,516
20,291
Baltimore
Richmond
Norfolk, Va
New Orleans...
45,434
5,665
36,300
34,230
28,000
18.1G3
24,933
51,596
600
55.161
btish.
1,650
bush.
42,900
3,950
2,438
2,590
39,800
1,200
3,346
25
...
8,811
10,729
The total receipts at th » same
perts for the period from
1 to Jan. 21, 1888, compare as follows for four
years:
Flour
bbls.
Wheat
Corn
Oats
bush.
Barley.
Bye
*
Include
oue
1883.
1887.
849,004
855,836
*1886.
Jan*
*1885.
916,205
1,202,672
871,319
2,595,133
607,979
3,098,118
1,612,222
1,540,216
393,038
32,032
2,708,753
9,191,351
2,326,997
266,686
36,771
9,083,638
2,109,333
719,073
47,748
573,132
80,131
4,448,827
7,464,478
12,893,148
14,947,352
1,857,735
week extra.
The exports from the several seabiard ports
for the week
ending Jan. 21, 18S8, are shown in the annexed statement:
Exports
from—
■
New York
Corn.
Bush.
Bush.
..
1
Bbls.
25,394
15,452
Tot. w’k.
381,551, 427,743;
8’me time
1887. ..'1,449,948 1,142,232'
of the
Rye.
Peas.
Bush.
Bush.
3,056
9,950
'
786,
.
The destination
Bush.
964
15,1271
70,160
1,285
2,000
116,6411
193,326
70,700|
OlXt8.
137,514
40,825
27,831;1
64,000
.
Baltim’re
N. Orl’us.
Richm’d
Norfolk..
Flour.
6t,55ll
145,520
85,879
Boston.
Portland
Philadel
Wheat.
20
267,697
981
205,107
3,136
13,006
I
4,000
exports is as below.
corresponding period of last
Flour.
18,580
We add the
for comparison.
year
Wheat.
Corn.
Exports
for week
1888.
to—
Week,
1887.
Week.
Jan. 22.
Jan 21.
Bbls.
191.523
9,324,
S.,feC. Am.
W. Indies'
Brit, col’s;
37,541
Oth.c’u’ts1
464
Cont’nt..
I
158,059
13,617:
14,910
15,383
18,722,
1887.
Week,
Jan. 22.
Bush.
Bush
205,107
1887.
Week,
Jan.
2i.
Bush.
Week,
Jan. 22.
Bush.
977,179
146,146
262,603
457,985
829,615
148,226
9,038,
5,609
263,848
13,920
19,139
10,000
5,710
40
........
1,125!
3921
267,697
1888.
235,405
2,746 ‘
10,123;
Total...1
1888.
Week,
Jan 21.
Jib/s.
Un.King.
14,744
381,551
1.142,
1,449,918' 427,743 1,142,232
By adding this week’s movement to our previous totals we
have the following statement of exports this season and last
season:
Exports to—
Wheat.
to Jan.
to Jan.
to Jan.
to Jan.
to Jan.
to Jan.
21, 1888.
22, 1887.
21, 1888.
22, 1887.
21, 1888.
22,1887.
Bbls.
Bush.
Un.Kingdom
Continent.
3.502,425
2,537,790
227,272
247.000
8. &C. Am...
West Indies.
410,193
483,240
314,044
..
Brit. Col’nies
Oth. countr’s
Total
Corn.
Sept. 1,’S7. Sept. 1/80, Sept. 1,’87, Sept. 1,’80. Sept. 1,’87, Sept. 1,’86.
9,070,541
0,121,424
21,030
Bush.
10,834,174
9,421
10,892,973
15,933
3,071
19,040
4,505
22,130
80,407
3.800.850
15.255,051
27.820,018
879/24
360,970
13,289
257,901
4,959,173
Bush.
0,571.148
1,755,378
*04,813
123,048
49,174
18,089
Bush.
0,414.537
3,868,330
348,737
217,073
15,966
26,621
8,721,000 13,892,103
The visible supply of grain, comprising
the stocks in granary
at the principal points of accumulation at lake and
seaboard
ports, an 1 in transit by water, Jan. 21, 1888:
Albany
ending Jan, 21, 1888, and since
1,212,716
1,337,219
40,594,793
Philadelphia...
"ports, arranged
to present the compara¬
32,233
40,709
49,757
5,468
Montreal
Exchange. We first give the receipts at Western
so as
521.423
45,182.009
871,172
bush.
231,120
42,5-5
19,550
81,578
12,200
8,028
In store at—
New York........
Do
atloat
for the week
28,374
73.198.553
Flour.
37 ®
39
®
39 %®
42
®
338,8)8
480,552
....
62,392,519 48.386,731
42,516.976 47,267,038
bbls.
Bbls.
Oats—Mixed
White
No. 2 mixed
13,200
1,078,598
099,098
150,853
40.652
5,278
GRAIN.
Wheat—
46
2,200
4,950
1,054.318
1,586,410
1,289,812
FLOUR.
Fine.
9,165
23,400
week extra.
one
New York
Boston. :
2 WHITE OATS.
41%
220,500
92
21,823
The receipts of flour and grain at the seaboard
ports for the
week euded Jan. 21, 1888, follow:
Flour,
Wheat,
Corn,
Oats,
Barley'
Rye,
At—
'
February deli very..
251,440
500
4,028
13,413
51,081
153,940
216,400
721,083
1,029,928
851,610
125,710
Fri.
39%
39%
26,650
35 606
810,80)
4,220,117
Include
also declined
pressure to realize in the face
whether for export or home use.
a
35,437
22,500)
Total grain.
Sat.
94
903*
1885-6*
The local trade has been
ness
February delivery
March delivery
April delivery
May delivery
June delivery..
December delivery
....
18S6-7*
impedtd by the ice and snow in the rivers and streets, while
there was nothing in the foreign advices to stimulate an ex¬
port demand.
Buyers, in view of the downward turn of
wheat, were inclined to insist upon lower prices, but no
material concessions were made, and only to move parcels
left on the wharves. To-day there was no new feature.
The wheat maiket has been depressed. There was a
steady
decline to the close of Wedndesday’s business, values receiv¬
ing little support, except from the war clou i in Europe and
come rumors that the fall-sown crop had been to a consider¬
Rye.
-
5 46
*
Barley.
57.073’
5 46
Friday, P. M., January 27,1888.
Oats.
55,033
13,733
88,607
1,250
5 41
The flour market has been dull.
25,036
12,402
June-July..
Jnly-Aug ..
BREADSTUFFS.
Com.
Bbls.lWlbs Bush.QOlb? BUrSh.56 lb» Bush.32 Iba Bu*h.4H lbs Bu. 50
lbs
87,248
87.524
406.329
412,712
222,105
20,707
17,811
78.395
14,560
19,000
48,605
12,774
Chicago
d.
141
Buflalo
“
bush.
8,169,849
133,000
afloat.,..
Com,
Oats,
bush.
bush.
1,688,435 1,668,307
Rye,
bush.
12,583
Barley,
bush.
2,825
64,200
2,212,925
67,861
849,388
5,402,105
50,200
71,573
52,000
52,700
283,644
123,997
230,000
319,400
1,294,282
470,494
917,515
21,855
309,008
afloat...
Chicago
“
Wheat,
t
Wheat,
bush.
Toledo
Detroit
4,155,529
26,000
114,850
175,088
203,150
514,716
65,382
Philadelphia
Peoria
83,560
359,868
Indianapolis
Kansas City
Baltimore
1,104,429
*
bush.
.
bvsti.
43,031
213,931
12,943
5,260
16,698
78,076
510,789
71,667
96,000
7,592
134,049
13,556
900
7,641
27,000
1,998
3.700
4,050
311,015 2,994,916
6,677,034 5,590,309
313.716 3.224.774
444,227 2.420,235
756,369 2,082.067
43,248,132 6.737.490 5.686.040
61,964.599 16,404,949 4,774,226
55,969.744 8,555.812 2,751,120
24, ’85* 42,576.703
506,159 1,725,305
5,411,463 2,281,443
Minneapolis and St. Paul not included.
Week ending Jan.
on
To United
Passage.
Kingdom..qrs.
Same week in 1887.. busli.
The exports
season are as
25.
Week ending
307,000
142,000,
71,000
1,523,000 378,000
12,184,000 3,024,000
23,416,000 3,032,000
of wheat
|
Wheat.
Corn.
1,381,000!
To Continent
Total quarters
Equal in bushels
j
Wheat,
Jan. 18.
Corn.
l,428,000j 332,000
77,000
191,000
1,019,000'
409,000
12,952,000 3,272,000
25^680,000 3,840,000
from India for the
week,
year
and
below:
Exports of Wheat from
India.1
Total
84,000
76,000
23,000
446,000
269,000
454,000
325,000
2,000
30,000
42,000
30,000
30,000
300,000
53,000
186,000
398,000
1,525,000
8,000
15,000
fairly active and prices are very firm, some
fancies, shirtings, etc., having been advanoed during
the week. Printed sateens, lawns, batistes, percales, etc.,
were in
steady request, and ginghams and wcolen wash
fabrics were fairly active, and dearer in some cases.
Piints
were
Domestic Woolen Goods.—Men’s-wear woolens continued
irregular demand and upon the whcle sluggish, but rather
business was done in some descriptions of overcoatings,,
cassimeres and satinets adapted to next fall. Worsted coatiDgs were in moderate Jrequest and a light business was done
in cheviots.
Kentucky jeans and doeskins ruled quiet, but
prices remain steady on such makes as govern the markets.
Stockinets and cloakings were in light and irregular demand,
but a fair business was done in Jersey cloths. For flannels
and blankets the demand was light, as usual at this advanced
stage of the season, and there was only a limited inquiry for
sbavls and shirts. All-wcol and worsted drees goods were
fairly active in demand, and sales, coupled with deliveries
on account of back orders, reached a liberal aggregate amount *■
Carpets were in steady requ st and firm at unchanged
in
DRY
1
end'g Week end'gi April 1 to
Jan. 14.
Jan. 21.
| Jan. 21.
8
0,000!
2
2,460,000
.bush.)
20,000
20,000
120,0001
.bush.i
40,000
200.000) 24,200,000
11,740,000
GOODS TRADE.
New York,
Friday, January 27, 1888.
trade was steady,
cold weather
prevailing in wide sections of the country having checked
operations in spring and summer goods to some extent. There
was a very fair demand for staple and patterned cotton goo is
at first hands, and the commission houses continued to make
though moderate, the past week, the intensely
liheral deliveries in execution of former
orders,which absorbed
the greater part ofjhe current output of the mills.
Domestic
woolen "goods have shown rather more] animation, but the
demand in this connection failed to
realize expectations.
Imported goods were more active in movement than demand,
very fair shipments of specialties having been made on account
of previous transactions, while 'new business was irregular
and light as a rule. The situationjin the jobbing trade has not
The piece distribute n was strictly
materially changed.
moderate, as usual at this early stage of the season, but a
pretty good package business in staple cotton goods and in
some sorts of fancy cotton fabrics was done by large jobbers
who cater for the wants of wholesale buyers. Tne outlook is
quite encouraging, and an unusually good spring trade is
anticipated by the best posted merchants.
Domestic Cotton Goods,—The exports of cotton goods
from this port for the week ending January 24 were 9,407
packages, valued at $509,812. These shipments include 5,070
to China, 2,037 to Aden, 410 to South America, 351 to
Europe, 329 to the West Indies, 300 to Africa, 130 to Central
America, 101 to Mexico and 07 to all other countries. Since
the 1st of January the exports aggregate 13,790 packages,
valued at $787,700,
Of this total China has had 7,090
packages, valued at $330,848; and 2,054 packages, valued at
$140,123, have gone to South America. For the similar
period of 1887 the exports to all Torts [reached 9,525
packages and in 1886 were 14,850 packages.
There
was a
steady demand for staple cotton goo?s by pack¬
age buyers, and large aggregate shipments of plain and
colored cottons were made by the mill agen.s on account of
back orders. The market retains the buoyancy of tone
rioted for a long time past, and many additional makes
of bleached shirtings, wide sheetings, flat fold cambrics, etc.,
were advanced to still higher figures, such prominent makes
of bleached goods as Wamsutta, New Yurk Mills and Utica
having been marked up %q, per yard, Print cloths were in
active in movement thm de¬
Foreign Dry Goods were more
Week
Business in the wholesale branches of the
(pieces)
1885.
Jan 24.
quotations.
To United Kingdom
To Continent
THE
Total stock
1886.
Jan. 23.
more
According to Beerbohm’s London cablegram, the amount of
wheat and corn on passage at the dates mentioned stood as
follows:
Gram
Fall River manufacturers...
Providence speculators
Outside speculators (est)
1887.
Jan. 22.
makes of
6,300
42.361.250
1888.
Jan 21.
of Print Cloths—
Held by Providence manufrs.. 28.000
/Hock
......
4,739
fYOL. XLVI.
good demand and very firm on the basis of
for 64 x64 s?
(at which figures weekly contracts to June have been made),
and 3 5 16@3% for 56x60s, Shocks last Saturday and /or the
three previous years were as follows:
16,026
47,423
2,070
456,779
7,000
Oh canal & river.
21, ’88.
14.’88
22,’87.
23,’86.
Itye,
bush.
7,398,667
380,000
Minneapolis
Bt Paul
On Mississippi....
Jan.
Jan.
Jan.
Jan.
Ttft. Jan.
Oats,
bush.
73,013
7,514
84,883
21,404
41,000
1,337,389 1,317,770
210,000
125,000
225,167
121,373
900
22,063
96,034
8,292
107,269
216,827
151,148 443,142
226,810
111,218
151,755
141,857
59.000
Oswego
Bt. Louis
Cincinnati
Boston
Toronto
Montreal
BarUy,
Corn,
1,786
2,022,167
6,776,276
1,745,788
1,248,476
Milwaukee
Dnlntli
Tot.
Tot.
Tot.
Tot.
CHRONICLE
THE
142
linens, white goods
hosiery, &c., having been made by importers in execution of
former orders, while new business was only moderate in vol
Embroideries and laces have met with some attention
ume.
and an auction sale of the former was attended with fairly
satisfactory remits, some lines having brought good enough
prict s to justify the sale of, duplicates. But few retailers have
thus far arrived in the market and until they put in an
appearance very little activity in foreign goods can be
expected.
mand, very fair shipments of dress goods,
Importations of Dry Goods.
importations of dry goods at this port for the week
1888, and since Jan. 1, and the sime facts for
corresponding periods of last year are as follows : -
The
ending Jan. 20,
the
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