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HUNT’S
MERCHANTS’
W iife ïj!
R E P R E SE N TIN G T H E IN D U S T R IA L
VOL 46.
AND
M AG AZIN E,
fM w js p a jm ,
C O M M E R C IA L IN T E R E S T S
THE
U N IT E D
STATES
N E W YO R K , JA N U A R Y 28, 188a ___________NO. 1,179.
A M E R IC A N
Bank Note Company)
78 TO 86 TRINITY PLACE,
NEW YORK.
E ngravers
and
P r in t e r s
Co n r a d N. J o r d a n ,
F. B l a n k e n h o r n .
President.
Cashier.
H . A . Sm it h ,
Vice-Pres’t.
Assistant Cashier
Ch a r l e s J. Ca n d a ,
D IA M O N D S .
/
Alfred H . Smith & C o.,
Business Founded 1795«
Incorporated under Laws o f State o f New York* 18S8*
R e o r g a n i z e d 1879«
)
IM PORTERS,
182 Broadway, Cor. John.Street.
of
B O N D S . P O S T A C E & R E V E N U E S TA M P S *
L E G A L T E N D E R A N D N A T IO N A L B A N K
N O T E S of the U N IT E D S T A T E S ? and for
Foreign Governm ents.
ENGRAVING AND PRINTING,
BANK NOTES, SHAKE CERTIFICATES, BONDS
FOB GOVERNMENTS AND CORPORATIONS,
DRAFTS, CHECKS, BILLS OF EXCHANGE,
STAMPS, Ac., in the finest and moat artistic style
FROM STEEL PLATES,
frith SPECIAL SAFEGUARDS to PREVENT COUNTERFEITING.
Special papers manufactured exclusively for
use o f the Company.
S A F E T Y C O LO R S .
S A F E TY PAPERS«
Work Executed in Fireproof Buildings.
LITHOGRAPHIC AND TYPE PRINTING.
SO LID
GORHAM
SILV E R .
M ’l’g C o.,
Broadway and Nineteenth Street,
AND 9 MAIDEN LANE.
r a il w a y t ic k e t s o f im p r o v e d s ty l e s.
Show Cards, Labels, Calendars.
BLANK BOOK8 O F EVERY DESCRIPTION
JAMES MACDONOUGH, President
(
A. D. SHEPAR D,
)
W. IS. S M IL L IE,
> Vice-President«.
TOURO ROBERTSON, )
TH E O . H. FREELAN D, Setfy and Irene.
Maverick National Bank
BO STON ,
M ASS.
-
$ 4 0 0 ,0 0 0
$ 6 0 0 ,0 0 0
Established 1854.
Incorporated1882
ISO B R O A D W A Y , N E W Y O R K .
G uaranteed Six Per Cent M ortgages
CAPITAL (FULLY PAID) .................$1,000,000
TOTAL VALUE OF GUARANTY .... 2,400,000
Trustees and Investors generally are requested
to call and examine these securities, or send for
pamphlet giving full information.
S. A . Kean & C o.,
{«liafSf*'
Chrystie &
A SA P . P O T T E R , President.
JOS. W . W O R K , Cashier.
W . P. W ight & C o.,
72 B ro a d w a y ,
STOCK BROKERS.
Stocks, Bonds and Miscellaneous Securities bought
and sold for cash or on margin.'
W. P. W ig h t ,
J. b . Cr e ig h t o n .
Memb. N.Y. Stock Exch.
A. B. Ol a f l I n , Speo’l
STO C K . B R O K E R .
The Western National Bank
OF THE
CITY OF NEW Y O R K .
CAPITAL,
........................... $3,500,000
New Y ork, May 14,1887.
s Bank is now opened for business. Aeconnts
res tfully solicited. The usual banking facilities
extended to customers.
Orders for purchase or sale of securities will
'eceiVe careful attention.
Foreign Exchange bought and sold. Facilities for
ceeping accounts in Sterling Exchange, subject to
Iraft in kind, will be afforded. The methods of re*
solving such deposits and making payment against
;hem will be subject to arrangement.
DRAW
on
rHE NATIONAL PROVINCIAL BANK)
OF ENGLAND (Limited,)
> London,
rHE UNION BANK OF LONDON (L’d),)
HEINE & CO., P a ris.
JOHANN GOLL & SOEHNE, \ F ra Sud°n.t"° “ ’
3. BLECCHROEDER, B erlin.
DEUTSCH SCHWEIZERISCHE CRED-) a . « a l l .
IT BANK,
5
w
*
n KTA1VK1ÜNUAR.1V. Unahlnr.
Lombard Investment Co.,
Accounts of Banks, Bankers and Corporations C h i c a g o .
solicited.
IN V E ST MEW T BONDS.
Our facilities for COLLECTIONS are excellent
and we re-discount for hanks when balances war
rant it.
Call or send for Lists.
Boston is a reserve city, and balances with ns from
banks (not located in other reserve cities) count as a
reserve.
We draw our own exchange on London and the
Continent, and make Cable transfers and place
BANKERS,
money by telegraph throughout the United ¡states
Nos 23 and 25 Nassau S t., N ew Y o r k ,
and Canada.
Government Bonds bought and sold, and exchanges
Receive deposits subject to check at sight and
In Washington made for hanks without extra charge. allow interest on balances.
Deal in Railroad bonds, State, County and Muni
We have a market for prime first-class Investment
Securities, and Invite proposals from States, Coun cipal Securities.
Give special attention to consignments of Bullion
ties and Cities, when issuing bonds.
and make liberal advances on same when desired.
We do a general hanking business, and invite cor
respondence.
Janney*
H . L. Horton & C o.,
54 and 56 BRO ADW AY, New York.
BARTHOLOMEW HOUSE, ) T.ONDON
BARTHOLOMEW LANB,)1^
U
Special Attention Given to American
Securl s.
Solicit Accounts and Order for the Purchase and
Sale of Bonds, Shares, Ac., &c., on Commission, in
New York, Boston, Chicago, y ,rden or Paris,
Interest allowed on deposits subject to drafts at
sight.
Members of the Nsw York and Boston Stock Exshanges and of the New York and Chicago Produce
Exchanges.
Private wires to Chicago, St. Paul, Boston, Hart
ford, Buffalo and Utica.
W alston H . b r o w n .
_ Fr e d ,
H e r b e r t P. B r o w n .
a
. Br o w n .
Walston H . Brown & Bros
BANKERS.
Accounts of Corporations and Individuals received
upon Liberal Terms. Securities Bought and Sold on
Commission.
N o. 2 0 NASSAU S T R E E T ,
NEW YORK.
W ood, Huestis & C o.,
31 PÎNE STREET, NEW YORK,
B A N K E R S AND B R O K E R S ,
SUCCESSORS TO
WOOD
& D A V IS .
Execute orders in all securities listed at the New
York Stock Exchange. For Sale i
FIRST-CLASS RAILROAD FIRST MORTGAGE BONDS
GEORGE C. WOOD. C.H. HUESTIS. L.M.SWAN
E Q U IT A B L E
Mortgage Company.
Capital Su bscribed........... .......... 2 2 ,0 0 0 ,0 0 0
Paid in (Cash)...........................
1 ,0 0 0 ,0 0 0
d
H ir a m D e w in g . Cl a r k De w in g . F.T.B onteoou .
(Member of N. Y. Stock Exchange.)
H . Dewing & Son,
Lansdale Boardman,
B A N K E R S AN Is B R O K E R S ,
N o. 18 W a ll Street, N ew Y o r k .
N E W Y O R K , 80 BROADWAY & 5 NEW ST.
T R O Y , N .Y ., NO. 17 FIRST STREET.
Shook Exch. membership; private wires, all facilities.
ing Investm ent Securities.
«
Iowa Loan & Tust Co. 6 per cent Debentures
bought and sold.
Ip u a tic ia l.
I ft ttîM J C ia l*
f p w a t t j c t a t f * ____________
C A P IT A L ,
SU RPLU S,
OP
Stocks and bonds bought and sold on commission.
Particular attention given to inform ation regard
e b e n
t u
r
e s
,
Bearing 6 per cent, running ten years and based
exclusively upon Western Farm Mortgages, held in
trust by the Amerioan Loan & Trust Company, of
New York, for the benefit of the bondholders. Their
safety, time to run and rate of interest make them
the most desirable investment now offered. Also,
GUARANTEED FARM MORTGAGES.
OFFICES i
York, 208 Broadway I Pbila., cor. 4th&Chestnut
¡ New
Boston, 28 Court St.
I Kansas City, 7th& Del.Sts
THE CHRONICLE.
11
g a n iu e x s
anÄ
ftîm r je t*
e t
f^ n e e ifln
Drexel, Morgan & C o., August Belmont & C o.,
BANKERS,
N o. 3 6 W A L L S T R E E T .
ISSUE TRAVELERS’ CREDITS, available in all
of the World, through
Drexel,Harjes & Co Messrs, N,parts
D rexel & Co,,
M. Rothschild Ac Sons, London,
“
do
Rothschild
Bros., Paris.
Cor. of 5th &Chestnut Sts. 31Boulevard Haussmann,
“
HI. A. do Rothschild Ac Sons, Frank
fort o\m.
P H IL A D E L P H IA
P A R IS .
8. 01. do Rothschild, Esq., Vienna.
AND THEIR CORRESPONDENTS.
DOMESTIC AND FOREIGN BANKERS.
Draw Bills of Exchange on, and make Cable TransDeposits received subject to Draft. Securities
bought and sold on commission. Interest allowed on fers to, England, France and Germany.___________
Deposits. Foreign Exchange. Commercial Credits.
Cable Transfers. Circular Letters for Travelers,
available in ail parts of the world.
WALL STREET, CORNER OF BROAD,
NEW YO R K .
ATTORNEYS AND AGENTS OiJ
John Paton
&
C o.,
SUCCESSORS TO
M essrs. J . 8. M O R G A N Ac CO.«
No, 22 OLD BROAD STREET, LONDON.
J E S U P , P A T O N & C O .,
6 2 W illia m Street N ew Y o r k .
Accounts and Agency of Banks, Corporations,
firms and individuals received upon favorable terms.
Dividends and interest collected and remitted.
NEW YORK, PHILADELPHIA, BOSTON, AND
Act as agents for corporations in paying coupons
and dividends ; also as transfer agents.
A L E X A N D E R D R O W N Ac SONS,
Bonds, stocks and securities bought and sold on
BALTIMORE.
at the Stock Exchange or elsewhere.
Members of New York, Philadelphia and Baltimore commission,
Sterling Exchange and Cable Transfers bought and
Stock Exchanges.
Execute orders for all investment securities. Receive accounts <f Banks, Bankers, Corporations and
THE UNION BANK OF LONDON,
Firms, on favorable terms. Bay and sell Bills of Ex
change on Great Britain and Ireland, France, BRITISH LINEN CO. BANK, LONDON AND
Germany, Belgium, Holland, Switzerland. Nor
SCOTLAND.
way, Denmark, Sweden. Australia, St. Thomas,
St. Croix n.nd British West Indies. Issue Com
mercial and Travelers’ Credits In sterling, availauient any part of the world, In 4R&NCH lor
use in Martinique and Gnadalonpe, and in dollars for
use in this country, Canada, Mexico and West Indies.
BANKERS,
Make telegraphic transfers of money between this
country, Europe and British and Danish West In
NO. 23 B R O A D S T R E E T ,
dies. Make collections of drafts drawn abroad on all
N ew Y o rk .
points in United States and Canada, and of drafts
drawn in the United States on foreign counties.
Their London bouse, Messrs. BROWN, SHIPLEY Issue Letters o f Credit fo r Travelers
A CO., receive accounts of American banks, firms
On SELIGMAN BROTHERS, London.
and individual" nnnn favorable terms.
8BL1GMAN FRERES A CIE, Paris.
BROWN, SHIPLEY & CO., Liverpool.
SELIGMAN A STETTHEIMER, Frankfurt.
BROWN, SHIPLEY A CO., London.
ALSBERG, GOLDBERG A CO., Amsterdam.
U. S. Government Financial Agents in England.
ALTMAN A STETTHEIMER, Berlin,
Payable in any part of Europe, Asia, Africa, Aus
tralia and America.
Draw Bills of Exchange and make Telegraphie
Transfers of Money on Europe and California.
8 3 NASSAU S T R E E T .
J. K e n n e d y T od .
A lex an d e r b a r in g .
H. O. North co te .
Member N. Y. Stock Exch’ge
Brown Brothers & C o.,
J. & W . Seligman& C o.,
J. & J. Stuart & C o.,
BILLS OP EXCHANGE ON
J. Kennedy Tod & C o.,
SM ITH,
P A Y N E Ac S M I T H ’ S ,
BANKERS, LONDON,
NO. 63 WILLIAM STREET,
M A N C H E S T E R Ac CO U N TY B A N K ,
BANKERS.
“ LIMITED,”
Aot as Agents for Banks, Bankers and Railroa
MANCHESTER, PAYABLE IN LONDON;
Companies.
Issue commercial credits, also foreign and domestio
U L S T E R B A N K IN G C O M P A N Y ,
travelers’ letters of credit In pounds sterling A dollars
BELFAST, IRELAND
Offer In vestm en t Securities.
AND ON THE
Bny and sell bonds, stocks and securities In all Am
N A T IO N A L B A N K OF SCOTLAN D , ertcan, Canadian, British and Dutch markets on com
mission. Collect dividends, eonpons and foreign and
EDINBURGH AND BRANCHES;
inland Drafts.
ALSO,
Sell Bills of Exchange on
C1BLB TRANSFERS AND LETTERS OF CREDIT.
MELVILLE, EVANS «fc CO.,) ,
C. J. HAMBRO Ac SON,
’ {LONDON
MARCUARD, KRAUSS Ac C O .,lp l1 , la
HOTTINGUER Ac CO.,
JPARIS.
J ohn M unroe & C o.,
GEO. Co p p e l l .
T h os . M a i t l a n d .
N o. 3 2 Nassau Street, N ew Y o r k .
G e r a l d L. H o y t , Member N. Y. Stock Exoh.
N o. 4 Poet' Office Square, B o sto n .
Issue Circular Letters of Credit for Travelers’ Use
Abroad against Cash or Satisfactory
Guaranty of Re-payment.
B A N K E R S
AND
E c c b a n g e on L o n d o n , P a ris, B e r lin ,
Z u ric h and St. G all.
COM M ISSION MERCHANTS,
C r e d it s Op e n e d a n d P a y m e n t s m a d e b y Ca b l e .
2 2 Ac 2 4 E x ch an ge P lace,
P aris H ou se—M U N R O E Ac CO.
NÈw Y ork .
Maitland, Phelps & C o.,
Schulz & Ruckgaber,
BANKERS,
£9 W I L L I A M ST B E E T , N E W Y O R K ,
o o « ftfflfipntrmtiiTH o r THU
BILLS OF EXCHANGE, LETTERS OF CREDIT,
TELEGRAPHIC TRANSFERS OF MONEY ON
LONDON, PARIS, MEXICO, CUBA, Ac., * 0.
Produce Exchange Bank.
CAPITAL, $ 1 ,000 ,00 0.
Transacts a general banking business.
Receives accounts of banks, bankers and corpora
tions upon favorable terms,
Issues certificates of deposit bearing interest.
Makes loans upon approved merchandise.
(Solicits mercantile and personal accounts.
B ills o f E x ch an ge D ra w n o n tb e City
B a n k , Lim ited, L o n d o n .
Circular Letters oi Credit Issued for
travelers’ use, and Commercial Credits
opened in Europe, Asia, South America
and the W est Indies,
XLVt.
g s jc k a n g je .
H O M T Z E BR OTH ER S,
BANKERS,
120 B roadw ay , Equitable Building, New York.
L E T T E R S O F C R E D IT A N D
C IR C U L A R NOTES
Issued for the use of travelers in all parts of the
world. Bills drawn on the Union Bank of London.
Telegraphic transfers made to London and to varlons
ilaces in the United States. Deposits reoeived, sub
set to check at sight, and Interest allowed on bal
ances. Government and other bonds and investgent securities bought and sold on commission.
J
C a n a d ia n B a n k o f C o m m e rce .
CAPITAL, $6,000 000.
SURPLUS, $500 000.
J. H. GOADBY & A LE X. LAIRD,
AGENTS,
16 E X C H A N G E P L A G E , N E W Y O R K
BUY AND SELL STERLING EXCHANGE, CABLE
TRANSFERS, ETC.
ISSUES COMMERCIAL CREDITS, AVAILABLE
IN ALL PARTS OF THE WORLD.
S än ket* and § t* k e t* .
John H . Davis & C o.,
BANKERS AND BROKERS,
N o. 1 0 W A L L S T ., N E W Y O R K .
Orders for Stocks and Bonds executed at all
Exchanges.
Especial attention given to supplying high-class
IN V E S T M E N T S E C U R IT IE S .
Douglas & Jones,
72 Broadway,
13 New Street«
(Members of the N. Y. Stock Exchange.)
Bny and sell Stocks and Bonds for cash or on mar-i
gin. Interest allowed on deposits. Corresi ondenee
solicited.
JOHN F. DOUGLAS.
Of the late firm of Lawson. Douglas A Co*
WILLARD H. JONES.
Late of W.S.Lawson A Co., Member N.Y.Stoek Exoh
J. L. Robertson,
BOND AND STO CK B R O K E R ,
Dealer in Investment Securities,
NO. 7 NASSAU STREET,
(Continental National Bank Building,)
N ew Y o r k .
WM. V. CAROLIN,
CHARLK8 F. COX.
Member N.Y. Stock Exchange.
Carolin & Cox,
Banker« and Commission Stock Brokers
No. 65 BROADWAY.
Branch Office, 316 Madison Av.,cor. 42d St..NewYork
Deposits received subject to check at sight, and in
terest allowed on dally balances. All stocks and secur
ities dealt In at the N.Y. Stock Exchange bought and
sold on commission, for cash or upon margin.
James D . Simons,
(Formerly SIMONS A CHEW.)
B A N K E R Ac B R O K E R ,
2 Exchange Court Ac 52 Broadway, N. Y .
All Securities dealt In at N. Y. Stock Exchange
bought and sold for Cash or on Margin. Special atten
tion given investments. Correspondence solicited.
MemberN. Y. Stock Exchange.
Member N. Y. Produce Exchange.
Stewart B rown ’ s Sons*
THE
STOCK B R O K E R S ,
I N V E S T M E N T CO.
o f Philadelphia.
64 B ro a d w a y & 1 9 N ew St.« N ew Y o r k .
In tern ation a l B a n k o f L o n d on
(L im n e d ), L o n d o n .
Messrs.JTolin B erenberg,G ossler Ac C o.,
H a m b u rg .
M essrs.M arcu ard , K rau
C o., P a ris.
Commercial and Travelers’ Credits.
Bills of Exchange.
Cable Transfers. 3 I O
THE NEW YORK
[Y o l ,
CHESTNUT
STREET
F. H . Smith,
BANKER
& BROKER,
No. 2 0 B R O A D S T ., N E W Y O R K .
Capital, 64 ,000 ,00 0. Full Paid.
Speculative Accounts Solicited.
CONDUCTS A GENERAL BANKING BUSINESS
Orders received in Stocks for large or small
Allows interest on cash deposits, subject to choc
amounts,
either for cash or on margin.
or on Certificates.
Particular attention given to investments.
Buys and sells Bills of Exchange, drawing o
All
issues
of bonds, either in default or other
Baring Bros. A Co., London; Perier Freres et Cl«
Paris; Mendelssohn & Co., Berlin, and on Pat wise, carefully quoted.
TWENTY YEARS’ EXPERIENCE.
Mendelssohn-Bartholdy, Hamburg.
F. H. Sm it h , t Members Consolidated Stock and
etc[eg0tiates Securttles*Railroad, State, Mnnicipa
S. W. Sm it h , f Petroleum Exchange, New York.
Offers for sale first-class Investment Securities.
WIIJAAM BKOCKIE, President.
WHARTON BARKER, Vice-President.
HENRY M. HOYT, J r ., Treasurer,
ETHEI.BB RT WATTS, Secretary.
Board of Directors—William Brockie, George E
2 8 NASSAU S T R E E T , NEW Y O R K .
Pepper, Morton McMichael, Wharton Barker, Henr
C. Gibson, T. Wistar Brown, Isaac H. Clothier.
BANKERS.
Advisory Committee of Stockholders.—Williat
Potter, George M. Troutman, Gustavus English D ea lers In United States Bonds and Other
William Pepper, M.D., Thomas Dolan, John G
D esirable Securities.
Reading, Joseph E. Gillingham, John Wanamakei
Deposit accounts received and interest allowed ou
Henry B. Smith, Craige Lippincott, Hamiltoi
Disston, Clayton French, Francis Bawls, Williai balances.
MIHBZBS H. Y. STOCK BXCXAJgra,
Wood, Walter Garrett.
Harvey Fisk
&
Sons,
January
TH E
28, 1888.]
ili
OHKONLOLB;
%nnktxs aud Qvtikzi:& in fjtetxr
C^itgu
F . M. L o c k w o od ,
Taintor & H olt,
H . B. Hollins & C o.,
J. H e r on Ck osm a n .
Lockwood & Crosman,
BANKERS,
18 W A L L a n d 3 NASSAU ST R E E T S *
B A N K E R S AND B R O K E R
N o. 11 W a ll St., Cor. N ew , N ew Y o r k .
NEW YORK.
N o. 81 N ew Street an d N o. 1 E xch an ge
T ransact a General Banking Business.
TRAN8ACT a GENERAL BANKING business.
DEPOSITS received and INTEREST allowed on DEALERS IN GOVERNMENT, MUNICIPAL AND
C ourt, N ew Y o rk .]
balances.
RAILROAD SECURITIES.
Buy and sell GOVERNMENT, MUNICIPAL and DEMAND DEPOSIT ACCOUNTS RECEIVED.
Private telegraph wires to Chicago, Boston, Phila.
RAILROAD Securities.
INTEREST ALLOWED ON DAILY BALANCB8 delphia and Baltimore.
Private telegraph wires to Providenoe and Boston
We solicit orders for the purchase or sale of a y of
GILES E. TAITOR,
GEO. H. HOLT
G. D. L’HUILIER.
the securities of the
BAN KERS,
Geo. K . Sistare’s Sons,
Harriman
&
W m . M. H a r r i m a n ,
N ic h o l a s F is h ,
Ol iv e r H a r r i m a n , J r .
)
>
)
Co.
P h ila d e lp h ia & R ea d in g R R . Co.
on the Philadelphia or New York Stock Exchanges
1 6 & 18 B r o a d Street, N ew Y o r k .
121 South T h ir d Street, P h ila d e lp h ia
Connected by Private Wire with main office. Nee
York.
DEALERS IN
BANKERS AND BROKERS,
E Q U I T A B L E B U IL D IN G ,
1 2 0 B ro a d w a y .
F IR S T -C L A S S IN V E S T M E N T S ,
Simon Borg & C o .,
Buy and sell on Commission, for cash or on margin,
N o. 2 6 NASSAU S T ., N E W Y O R K ,
all securities dealt in at the New York sunk Ex*
change.
DEALERS IN ALL KINDS OF
Interest allowed on dally balanoes.
All deposits subject to check at sight.
Particular attention to orders by mall or telegram. Railroad and Investment Securities.
S o u t h e r n S e c u r it ie s
a
Sp e c i a l t y .
Howard Lapsley & C o.,
J. C , Walcott & C o.,
BANKERS AND BROKERS,
N o. 2 4 P in e Street, N ew Y o r k .
Transact a General Banking: Business,
Stocks and Bonds bought and sold on Commission.
Collections made and loans negotiated,
Dividends and Interest collected.
Deposits received subject to Draft.
Interest allowed. Investment securities a specialty.
We Issue a Financial Report weekly.
JOS. C. W a l c o t t ,
I Members of the New York
FRAww F- Drmrrwsnw. 1
J, S. F a r l e e .
Robert
d . farlee.
Rtneir
Office of the Pneumatic Steering Gear & Mfg.Co.
BANKERS AND BROKERS,
T. S. Farlee & Brother,
L. C. L a t h r o p . Osc a r B. Sm it h . J. H.O l ip h a n t
7 4 B iy W D W A Y and 9 NEW ST R E E T
J N o. 7 NASSAU S T ., N E W Y O R K ,
BROKERS AND DEALERS IN
IN VESTM EN T BONDS,
STATE, MUNICIPAL AND APPROVED RAIL
ROAD BONDS.
Lathrop, Smith & Oliphant,
N ew Y ork .
E d w a r d L. Op p e n h e im .
W a l t e r Del Ma r .
Co r r e sp o n d e n c e So l ic it e d .
Members New York Stock Exohange, New York
Cotton Exchange, and Board of Trade Chicago.
E. L. Oppenheim & C o.,
(ESTABLISHED 1862],
BANKERS AND BROKERS,
81 & 53 N ew Street a n d 4 2 B r o a d w a y ,
W . H . Goadby & C o.,
BANKERS AND BROKERS,
B r a n c h Office , 91 L e o n a r d St r e e t ,
No.
NEW YO R K .
75 Old B roa d Street, E . C ., LONDON.
Ch a s . J. T o w n se n d ,
24
STR EET,
N ew Y o r k .
Alexander Campbell & Co.,
Townsend & Washburn,
BANKERS AND BROKERS,
No. 6 W a ll Street, N ew Y o r k .
Stocks and Bonds Bought and Sold on Commission
for cash or on margin.
Special attention given to Unlisted Securities.
Deposits receivsd, subject to Check at Sight.
Correspondence solicited.
T. s . Y o u n g , J r .,
Member N.Y. Stock Exchange.
BANKERS AND BROKERS,
2 6 P IN E S T R E E T , N E W Y O R K .
Ma lc olm Ca m p b e l l , Member of N. Y. Stock Exch.
Young & Nelson,
Dutenhofer,
BROKER,
BANKERS,
18
W ALL
STR EET,
NEW
YORK.
Established 1 865.
MEMBERS OF NEW YORK STOCK EXCHANGE.
A llow Interest on deposits subject to sight check.
Buy and sell on commission stocks and bonds either
fo r cash or on margin, and deal in
Investment Securities.
A . M. K id d e r ,
H . J. M o r s e ,
w a y l a n d Tr a sk ,
Ch a s . D. M a r v i n ,
and
Dealer in
Miscellaneous
Securities
MILLS BUILDING (3d Floor,)
Rooms 25 & 26.
35 W A L L ST R E E T.
STATE AND CITY BONDS OF GEORGIA, also
SECURITIES OF THE CENTRAL RR. & BANKING CO. OF GEORGIA, A SPECIALTY.
Investors wishing to buy or sell are invited to call
or correspond. Prompt and personal attention
given to all orders.
Rolston & Bass,
NO. 20 BROAD STREET, NEW YORK.
STO CKS, BONDS,
AN D M ISC E LLA N E O U S S E C U R IT IE S
Correspondence solicited.
Quotations cheerfully furnished
Wm. h . Rolston,
w . A lex , bass , Jr.
Member N. Y. Stock Exoh’ge.
BANKERS,
10 W a ll Street, N ew Y o r k .
T ransact a General Banking Business
Interest a llow ed on Deposits.
W. H . D ic k in s o n ,
Ed w ar d
Member N. Y. Stock Exchange.
p
. A l l in g
Dickinson & Ailing,
BANKERS
AND
BROKER
N o. 3 0 P in e Street, N ew Y o r k .
Bny and sell at N. Y. Stock Exchange, fo r IN
VESTMENT or on MARGIN, all classes o f Stocks
and Bonds, and allow interest on deposits, subject to
check at sight,
W . S. Nelson
BANKERS AND BROKERS,
36 W a ll Street, New Y o rk .
All stocks and securities dealt in at the New York
Stock Exchange bought and sold on commission, for
cash or on margin. Deposits received and interest
allowed on balances.___________________________
Green & Bateman.
Stocks, Bonds and Cotton,
L a n s in g C. W a s h b u r n
Member N.Y. Stock Exchange.
J n o . P. T o w n se n d , Special Partner.
A.
BROAD
BANKERS AND BROKERS,
37 BROAD STR E E T, NEW Y O R K ,
R . J. Kimball & C o.,
[Established in 1865.]
BANKERS AND BROKERS,
16 A 18 B ro a d Street, N ew Y o r k ,
Members o f the New York Stock Exchange and
the Philadelphia Stock Exchange.
R o b e r t J. K im b a l l . A l f r e d b . l o c n s b e r p
H e n r y G. Ca m p b e l l , ) Members N. Y. Stock
J. B o r d e n H a r r i m a n , j
Exchange.
H . G. Campbell & C o.,
J S o o d tjf
B A N K E R S AND B R O K E R S ,
A io ie tia n
9 New Street and 7 4 B roadw ay,
& C on
NEW YORK
B A N K E R S,
57 B roadw ay, opp. Exchange Place, N. Y.
Branch Office, 241 L a Salle St., Chicago.
TRANSACT A GENERAL BANKING BUSINESS,
BAN KERS AND BROKERS,
INDUCING THE PURCHASE AND SALE OF
STOCKS AND BONDS FOR CASH OR ON MAR- No. 9 6 B R O A D W A Y , N E W Y O R K .
GIN BUY AND SELL INVESTMENT SECURI
(Members New York Stock Exchange.)
TIES. INTEREST ALLOWED ON DEPOSITS
A ccounts o f Banks, Bankers and others received.
SUBJECT TO CHECK AT SIGHT.
Interest allowed on balances. A strictly Commission
P. 0. Box 447.
Business in the purchase and sale o f stocks and bonds.
D A. BOODY.
C. W. MOLBLLAN.
Private Telegraph W ire to Albany,Troy, Syracuse,
Hamilton & Bishop,
REUBEN LELAND.
WM. F. LESS LIE.
H e n r y T. Bood y.
Rochester, Utica, Buffalo, Cleveland and Chicago.
Draw on City Bank o f London in amounts to suit
Special attention given to Securities fo r investm ent
C . J. Turner & Son,
Gilman, Son & C o.,
BANKERS,
16 Fears’ Membership in the N.Y. Stook Exohange
BANKERS,
U N I T E D
B A N K
B U I L D I N G ,
B A N K E R AN D B R O K E R ,
W a ll Street, «o rn e r B ro a d w a y .
N o. 6 2 C E D A R S T R E E T ,
16 A 18 BROAD 8T., NEW YORK.
STOCKS, BONDS A COMMERCIAL PAPER,
In addition to a General Banking Business. Buy
Transact a general banking business, including
Stocks and bonds bought and sold on commission
and Sell Governm ent Bonds and Jnye^ment Secori, t New York Stock Exchange. Advances mads 09 the purchase and »6)6 o f s to o l» and bond» tor c%sb
Qf on margin.
usines» pape? and other secsritles.
tit*,
f
THE CHRONICLE
IflT
%u&uxnu£t.
jfVOL. XL V I
% U & U X X U £Z .
S T A T E M E N T
OF
The Mutual Life Insurance Company of New York,
OFFICE OF THE
RICHARD A. McCURDY, President,
F o r the y e a r en d in g D ecem b er 3l9t> 188?,
A
T
L
A
N
T
I
A S S E T S ............................ .................. .....................$ 1 1 8 , 8 0 6 , 8 5 1 8 8 .
C
In s u r a n c e a n d A n n u ity A c c o u n t ;
Mutual Insurance C o.,
Policies and Annuities in
force, Jan. 1st, 1887 — 129,927
22,305
Risks Assumed...... .
NEW YORK, January 2 4 ,18&8.
The Trustees, In conformity to the Charter o;
the Company, submit the following Statement
o f its affairs on the 31st of December, 1887 :
Premiums on Marine Risks from
1st January, 1887, to 31st
December, 1887..........................$3,642,969 09
Premiums on Policies not marked
cff 1st January, 1887 .......
1,417,600 13
Losses paid during the same
period.............................
$1,599,463 25
Returns of Premiums and Ex
penses........................................
$393,809,202 88
69,457,468 37
D r,
$127,839,656 77
$127,839,656 77
Charles P. Burdett,
Henry E. Hawley,
Chas. H. Marshall,
James G. De Forest
Charles D. Lev ei ich
John L.Riker,
George Bliss,
Anson W. Hard,
N. Denton Smith,
Isaac Bell,
Edward' Floyd-Jones,
Thomas Maitland,
Ira Bursley,
James A. Hewlett,
George H. Maoy,
Lawrence Tumure.
JOHN D. JONES, President.
W. H. H. MOORE, Vice-President.
A; A. RAVEN, 2d Vice-President,
Cr.
B a la n c e S h e e t.
D r.
To Reserve for Policies in force
and for risks terminated — $112,430,096 00
“ Premiums received in advance
82,314 36
“ Surplus at four per cent........
6,294,441 52
By Bonds Secured by Mortgages on
Real Estate......................... $49,615,268 06
“ United States and other Bon dS% 43,439,877 81
“ Real Estate and Loans on Col
laterals......................................... 20,159,17337
“ Cash in Banks and Trust Com
panies at interest........................ 2,619,86266
“ Interest accrued, Premiums de
ferred and in transit and Sun
dries.......................................
2,973,169 98
$118,806,851 88
$118,806,851 88
I have carefully examined the foregoing statement and find the same to be correct.
A. N. WATERHOUSE, A uditor.
From the Surplus above stated a dividend will be apportioned as usual.
Year
.
Surplus,
rear.
Assumed.
Outstanding.
*
1884 ..................... $34,681,420........................ ............................................
1885 ..................... 46,507,139 ..................... 368,981,441...................... 5,012,634
1886 ...................... 56,832,719........................ 393,809,203 ........ .............
1887
.................. .................. . 69,457,468................. 427,628,933....................................
N ew Y ork , January 25,1888.
J. D. Jones,
W. H, H. Moore,
A. A. Raven,
James Low,
Wm. Sturgis,
Benjamin H. Field,
Josiah O. Low,
Edmund W. Corlies,
Robert B. Mintarn,
William Degroot,
Horace Gray,
William E. Dodge,
John Elliott,
C. A. Hand,
John D. Hewlett,
William H. Webb,
152,232 $463,266,671 25
By Endowments, Purchased Insur
ances, Dividends, Annuities
and Death Claims................ 14,128,428 60
“ Commissions, Commutations,
Taxes and all other Expen
ses .......................................... 3,649,514 49
“ Balance to new account.......... 110,061,718 68
Amount........................................ $12,237,28335
T R I I S.T E E.8,t
$427,628,932 51
35,637,738 74
R even u e A ccou n t.
$788,846 38
J» SI« C H A P M A N , Secretary.
Amount.
To Balance from last account ... $104,719,734 31
“ Premiums.................................
17,110,901 62
“ Interest, Rents and Premium
on Securities Sold............
6,009,020 84
The Company has the following Assets» viz.:
United States and State of New
York Stook, City, Bank and
other Stocks............................... $8,622,565 00
Loans secured by Stocks and
otherwise......................................... 1,559,100 00
Real Estate and Claims due the
Company, estimated at..................
474,439 88
Premium Notes and Bills Re
ceivable........................................... 1,362,986 0 /
Cash in Bank.......................................
218,192 40
SIX PER CENT INTEREST on the outstaM^
ing certificates of profits will be paid to the
holders thereof, or their legal representatives,
on and after Tuesday, the 7th of February next.
THE OUTSTANDING CERTIFICATES of
the issue of 1883 will be redeemed and paid to
the holders thereof, or their legal representa
tives,on and after Tuesday,the 7th of February
next, from which date all interest thereon will
cease. The certificates to be produced at the
time of payment and canceled.
A DIVIDEND OF FORTY PER CENT is
declared on the net earned premiums of the
Company, for the year ending 31st December,
1887, for which certificates will be issied on
and after Tuesday, the 1st ofjMay next.
By order of the Board,
Policies and Annuities in
force, Jan. 1st, 1888... 140,943
11,289
Risks Terminated........
152,232 $463,266,671 25
Total Marine Prem ium s..... $5,060,569 22
Premiums marked oft from 1st;
January, 1887, to 31st Decem
ber, 1887...................................... $3,672,331 21
No.
Amount.
No.
________________ __
BOARD
Samuel E, S proulls,
L ucius R obinson,
Samuel D. B abcock ,
G eorge S. Coe ,
J ohn E. D evelin ,
R ichard A . M cC urdy,
J ames C. H olden ,
H ermann C. von P ost,
A lexander H. R ice
OF TRU STEES.
F. R atchford Starr ,
L ewis M ay ,
O liver H arriman ,
H enry W . Smith ,
R obert O lyphant ,
G eorge F. B aker ,
Jos. T hompson,
D udley O lcott ,
F rederic C romwell ,
Tulien T. D avies ,
R obert S ewell ,
S. V an R ensselaer C ruger ,
C harles R. H enderson,
G eorge B liss,
R ufus W . P eckham ,
J. H obart H errick ,
w m . P. D ixon ,
R obert A, G ranniss,
N icholas C. M iller
H enry H. R ogers,
J no.W . A uchincloss
T heodore M orford
W illiam B abcock ,
P reston B. P lumb,
W m . D , W ashburn.
fftnattjeial.
S fitta tic i a l.
TO TH E H O L D E R S OF
TO THE HOLDER^ OF
W A B A S H M O R T G A G E BONDS
Wabash Mortgage Bonds.
East oi the M ississippi R iv er.
No modification of the reorganization plan of Nov
ember 21,1887, is contemplated or expected, and In
no event will any advantage be given to one bond
holder over another of the same mortgage. The
lights of every bondholder who deposits bonds in
the Central Trust. Company under the plan will be
carefully guarded.
The large amount of mortgage bonds deposited in
the Central Trust Company assures, in the opinion
of the undersigned committees, the success of the
reorganization plan of Nov. 21, 1887 j but as the
engraved negotiable certificates of the Trust Com
pany will not be ready until January 25th, the time
for further deposits has been extended to February
6,1888.
All bonds deposited after that date will be subject
to a penalty of 2 per cent upon the par value thereof.
Pamphlets giving details of the plan can be ob
tained at the Central Trust Company, No. 54 Wall St,
JAM ES F. JOY,
1
T. H. HUBBARD,
1 Purchasing
E D G A R T. W E L L E S, f Committee.
O. D. A SH L E Y ,
J
For the Purchasing Committee,
O. D. A S H L E Y .
For the Bondholders’ Committee,
CYRU S J . L A W R E N C E .
N e w Y o r k , January 21,1888.
A M ERICAN B A N K NOTE CO M PAN Y'
78 to 86 T r i n i t y P l a c e ,
N e w Y o r k , Jan. 20,1888.
At the annual election of this Company, held this
day, the following gentlemen were elected Trustees
for the ensuing year, viz.:
JAS. MACDONOUGH,
JOSEPH W. DREXEL,
AUG. D. SHEPARD.
P. C. LOUNSBERY,
TOURO ROBERTSON, THEO. H. FREELAND,
T. H. PORTER,
CHRIS. MEYER,
Jos. s; STOUT,
T H E M IC H IG A N C E N T R A L R A I L - J. D. BALD,
W. J. ARKELL.
A ROAD CO.—T r e a s u r e r ’ s Of f ic e . G r a n d J. K. MYERS,
JNO, E. CURRIER.
Ce n t r a l St a t io n , Ne w Y o r k , Dec. 30, 1887.
The Board of Directors of this company have this
At a subsequent meeting of the Board of Trustees
day declared a dividend of TWO PER CENT upon the following officers were elected:
its capital stock, payable on Wednesday, the 15th
JAMES MACDONOUGH, President.
day of February next, at this office.
AUG. D. SHEPARD,
\ ViceThe transfer books will be closed at S P. M. on Fri
TUORO ROBERTSON, JPresidents,
day, the 13th January, and will be reopened on the
THEO. H. FREELAND, Sec. and Treas.
morning of Monday, the 20th day of February next.
HENRY PRATT, Treasurer.
JNO, E. CURRIER, Asst, See.
CYRU S J . LAW REN CE, 1
H . K . M cH A R G ,
Bondholders’
TH O S. B. A TK IN S,
Committee.
JOHN T . T E R R Y ,
F . N. L A W R E > C E ,
N e w Y o r k , January 21,1888.
JA.
6,294,442
Ja n u a r y
THE CHRONICLE.
28,1888. J
▼
J P tm tu c ia l.
fin a n c ia l.
Montana Central Railway Company!s
F IR S T
M ORTGAGE
P rin c ip a l a n d In tere§t G u a r a n te e d b y th e St. P a u l M in n ea p olis &
M a n ito b a F a i lw a y C o .,
Which has Recently Obtained Control of the Montana Central Railway Through the
Purchase of the Stock of the Company.
ISSUE OF $2,000,000 BONDS,
Dated July 1, 1887, Maturing July 1, 1937.
COUPON BONDS IN D E N O M IN A T IO N S O F $ 1 ,0 0 0 F A C H . R E G IS T E R E D
BONDS IN D E N O M IN A T IO N S O F $ 1 ,0 0 0 A N D $ 5 ,0 0 0 B A C H .
IN T E R E S T ,
6
PER
CENT
PER
ANNUM ,
P ayable J a n . 1 a n d J u ly 1 at th e Office o f the C om pany In New Y o l k .
PRINCIPAL AND INTEREST PAYABLE IN GOLD COIN.
THE CENTRAL TRUST COMPANY OF NEW V (IKK, TRUSTEE.
The Montana Central Railway Company is
organized under the general laws of the Terri
tory of Montana, and is authorized and em
powered to construct, equip and operate the
following lines of railroad in that Territory:
Miles.
Great Falls to H elena..................98
Helena to B u tte............. ............. 73
Helena to Rim ini.......................... 16
Marysville Junction to Marysvile 7
Great Falls to Sand Coulee......... 18—212 miles
The line from Great Falls to Helena has been
completed and equipped, and is now in opera
tion. The line from Helena to Butte and the
branches to Rimini, Marysville and Sand Coulee
are practically ready for the rails, except one
tunnel on the line to Butte, where about 3,500
feet remain to be completed. Work on this
tunnel is being pushed rapidly and is progress
ing at the rate of 100 feet per week. On its com
pletion the aggregate length of tunnels in the
system will be abcut 13,000 feet. As soon as
the weather permits the remaining work will
t>e vigorously prosecuted (all the ties and a
portion of the steel being on the ground), and
Will be completed early in the spring, except
the line to Butte, which will be finished in Sep
tember or October next.
Ample terminals have been acquired at Great
Falls, Helena and Butte, and so located as to
give the oompauy great and permanent advan
tages. Additional equipment sufficient for the
entire system has been contracted for and will
be ready for delivery at an early date.
The mineral product of Montana, as shown
by the Government reports, was over $27,000,000 in 1887, a majority of which was produced
at points on the line of the Montana Central
Railway, where are located some of the largest
copper, silver,- gold and other mines in the
country.
At Sand Coulee the company owns about 3,000
acres of lands containing a fine quality of bit
uminous coal well suited for coking.
On the completion of f i e Sand Coulee & Butte
lilies a low estimate places the daily movement
February Investments.
BONDS.
of coal alone to Helena, Butte, Marysville and
other points at 700 tons. To p. ints on the Mani
toba system the daily movement is estimated
at 1,000 tons. .
At Great Falls the line connects with the St.
Paul Minneapolis & Manitoba Railway, and
through it with the entire railway system of the
country. The Missouri River- at this point is
from 1,000 to 1,500 feet wide, has a fall in
seven miles of 367 feet, probably the greatest
available water power on the continent, and
large smelting and other manufacturing inter
ests are being established there.*
Near Great Falls several varieties of the best
quality of Bessemer iron ores, limestone, fire
clay and coal are found in close proximity.
The $2,000,000 bonds now offered are secured
by a first mortgage on the above lines. The
entire issue thereunder is limited to $10,000,000, of which $2,500,000 have been already
sold. Only $5,000,000 in the aggregate will be
issued on these lines and their equipment, and
the balance only for the construction or pur
chase and equipment of additional lines. Copies
of the mortgage can be inspected and further
information will be given on application at the
Central Trust Company, 54 Wall Street, or at
the company’s office, 40 Wall Street, New York,
Tenders for these bonds will be received at thé
office of the Central Trust Company up to 3
o’clock on February 2, when they will be
opened in the presence of bidders who may
desire to be present. Tenders must be sealed
and addressed to the President of the Central
Trust Company and marked “ Tender for Mon
tana Central Kailway Company’s Bonds,” and
the price bid must include accrued interest
from January 1 last.
Each tender must be accompanied by a certi
fied check to the order of the Central Trust Com
pany for 5 per cent of the purchase price of the
amount of bonds bid for, which will be returned
if the bid is not accepted. The company does
not biDd itself to accept the highest or any bid.
Where bids are accepted the balance of the pur
chase price must be paid to the Central Trust
Company on or before February 10, when the
bonds will be delivered.
THE ST. PAUL MINNEAPOLIS & MANITOBA COMPANY,
BY
J A M E S J . H I L T , P resid en t.
Chicago & Northwestern Gold Cons. 7s,
1 9 0 ».
Chicago <Sc Eastern Illinois 1st 6s, 1907*
Chicago & Eastern Illinois Gen. Cons. 5s,
19 37 .
Cleveland Columbus Cincinnati dc Indian*
apolis Cons. 7s, 1914.
Columbus «& Toledo (Columbus Hooking
Valley <ScToledo) 1st 7s, 1905, '
Central Railroad and Banking Company of
Georgia Tripartite 7s, 1893.
Morris «ScEssex 1st 7s, 1914.
New York «Sc Northern Gold 1st 5s, 1927.
New York «Sc Long Branch Gold 1st 5s,
1931.
Oswego «Sc Syracuse (Guar. Del. Lack, ds
West.) Cons. 5s, 1926.
Oswego «Sc Syracuse Guar. 9 per cent Stock.
Pittsburg Ft. Wayne <Sc Chicago 1st 7s,
1912.
Pittsburg Cincinnati dc St. Louis 1st 7s,
1900.
GCandusky Mansfield «Sc Newark (Lake Erie
Division, Baltimore «Sc Ohio) 1st 7s,
1909.
St. Louis Yandalia «Sc Terre Haute (Guar*
anteed) 2d 7s, 1898.
Sioux City «Sc Pacific (Chicago «Se North
west.) 1 st 6s, 1898.
Syracuse Binghamton «Sc New York (Guar*
Del. Lack. «Sc West.) 1st 7s, 19 06 .
5 0 ,0 0 0 New York City Croton Aquedust
7s, 1902.
CH ARLES
T H E L A K B S H O R E & M ICH IG AN
A SOUTHERN RAILWAY CO.—T r e a s u r e r ’
Of f ic e , G r a n d Ce n t r a l D e p o t , N e w Y o r k , De<
30,1887.
The Board of Directors of this company have thi
day declared a dividend of TWO PER CENT upoi
the capital stock, payable at this office on Wednes
day, the 15th day of February next. The transfe
books will be closed at 3 o’clock P. M. on Friday
the 18th day of January next, and will be reopenei
on the morning of Monday, the 20th day of Februar
next.
E. D. WORCESTER, Treasurer.-
T H E CANADA SOUTHERN R A IL W A Y
A
COMPANY,
T r e a s u r e r ’ s Of f ic e ,
)
G r a n d Ce n t r a l D e p o t ,
>
Ne w Y o r k , Dec. 3 0 , 1887. )
THE BOARD OF DIRECTORS of this company
have this day declared a dividend of ONE AND
ONE-QUARTER Per Cent upon its capital stock,
payable on WEDNEsDA Y, the 15th day of February
next, at this office.
The transl er books will be closed at 3 o’clock P. M.
on Friday, the 13th January, and will be reopened
on the morning of February 20,1888.
ALLYN COX, Treasurer.
W IX G ,
18 WALL STREET.
N e w Y o r k , Jan. 28,1888.
P OCHESTER «Sc PITTSBURG R R . COMAV PAN Y FIRST MORTGAGE COUPONS MAturing February 1 will be paid on and after that
date by the Union Trust Company of this city.
FRED A. BROWN, Treasurer.
”
CAR COMPANY. Ch ic a g o , Jan.20,1888.
DIVIDEND No. 84.
The usual QUARTERLY DIVIDEND of TWO (2)
PER CENT on the capital stock of this company
from net earnings, has been declared, payable Feb.
15, to stockholders of reourd at the close of busi
ness Feb. 1, 1888. Transfer books will close Feb. 1
and reopen Feb. 18.1888.
A. S. WEIN3HEIMER, Se cretarv.
ILLIN O IS CENTRAL R AILR O A D CO.
51st SEMI-ANNUAL CASH DIVIDEND.
From the net earnings of the year ended Dec. 31,
1887, the Directors have declared a semi-annual
dividend of THREE! AND ONE HALF PE t CENT
In cash, payable March 1, 1888, to ¡stockholders of
the Illinois Central Railroad Co. as registered at
the close of buiness February 8th, 1888. The
annual meeting of stockholders will beheld March 14,
1888. The stock transfer books will be closed for the
purpose of the above dividend and of the stock
holders’ meeting, from the close of business on
February 8th until March 16th, 1888.
A. G. HACKSTAFF, Acting Secretary,
A
T ONG ISLAND RAILROAD COMPANY.
-Ll
DIVIDEND NO. 39.
The Board of Directors have declared a quarterly
dividend of ONE PER CENT upon the capital stock,
payable Feb. 1, 1888. Transfer books close Jan. 7
and reopen Feb. 2.
HENRY GRAVES,
N e w Y o r k , Dec. 29,1887.
Treasurer.
E W Y O R K «Sc PERRY COAL «Sc IRON
NThe
COMPANY.—N
Y
, Jan. 2«th, 1888.—
Directors of the New York & Perry Coal & Iron
ew
IL L IN O IS CENTRAL R A IL R O A D CO
—■
SCRIP.
Holders of certificates of “ Illinois Central Railroad
Company Scrip for subscription to Capital Stock,
issued in compliance with resolutions adopted by
the stockholders at a special meeting held June 17,
1887,” are hereby reminded that no dividends can be
declared or paid thereon. Soch Scrip Certificates
must, in order to be entitled to dividend, be con
verted. at the Company’s office in New York, into
certificates of Capital Stock before the 8rh day of
February, 1888, when the transfer books will be
Closed.
A. G. HACKSTAFF,
„
BB&v;
Acting Secretary.
New Vork, December 22,1887.
T.
ork
Company have this day declared a quarterly divi
dend out of the earnings of this company of t NH
PER t ENT, payable on the 10th February, at the
office of tbe Company, 52 Broadway.
Tiansfer books will close on the 80th inst. and
open again on the 11th February.
F. P. PERKINS,
Treasurer.
HE ST. PAUL MINNEAPOLIS «Sc MAN
TSTREET.—
ITOBA RAILROAD CO.—40 AND 42 WALL
New Y oRk , January 12, 1888.
The Board of Directors have declared the usual
quarterly dividend of ONE AND ONE-HALF PER
CENT on the capital stock of this company, pay
fAFFICE OF W H ITE B R E A ST FUEL able
at this office on and after February 1, 1888, to
^ COMPANY, 18 B r o a d w a y , N e w Y o r k ,
stockholders ot record on that date.
The tiansfer books will be closed January 18, at
January 25,1988.
o’clock P. M., and will be reopened Thursday,
The Board of Directors of this Company have this 3
February 2, at 10 o’clock A. M.
day declared the usual quarterly dividend of ONE
EDWARD T. NICHOLS,
Assistant Secretary
AND THREE-QUARTERS (1%) PER CENT out of
the earnings for the quarter ending Dec. 31, 1887,
h e b o n d h o l d e r s o f t h e <e d a r
payable at the office on and after Feb. 10, 1888,
FALLS & MlNNt-SOTA RAILWAY COMPANY
are requested to communicate their names to
to stockholders of record on that date.
JAMES B. FRY Chairman Auxiliary Defense Com
The transfer books will be closed from Feb. 4 to mittee, second floor rear 41 Wall Street New York
City
10th, inclusive.
T
iT H E
Tl
[V oi.
C H R O N IC L E .
WE
HAVE
I.
Jpuauctal.
JFimmutai.
NEW
x lv
LOAN.
Chicago Burlington &
Quincy Railroad Co.
4,^1?, ®
NEBRASKA EXTENSION,
PURCHASED
PER
CEN T BONDS,
IJae M ay 1, 1 8 2 7 .
Sinking fund to purchase annually 1 per cent o f
whole Issue at limit of 110 and Interest, but no
drawing of bonds or compulsory retirement.
§ Z ?O D © ,O 0 O
yOR SALE BT
C le v e la n d
&
F IR S T
FIVE
C a n to n
M O R T G A G E , 30-YJB I B ,
PER
GENT
CANNOT
T o ta l
Issu e
DATED
R a ilw a y ^ © .
BE
lim ite d
1 W >
II8T .
Louisville New Albany &
Railway Company.
BONDS.
DUE
Chicago
SEC O N D M O R T G A G E B O N D S .
DRAW N.
to
AUGUST BELM ONT & CO.,
3 6 W a ll Styepp.
K ID D E R , P E A B O D Y dc CO „
1 Nassau S treet.
^ 3 j0 0 0 ,0 0 0 .
JULY,
19 1 7 .
OLD BOND ISSUES AGGREGATING $8,000,000 HATE BEEN CONVERTED
INTO RREFERRED STOCK.
Actual Cost of Road, $ 7,200 ,000 , to which will be added the
proceed? of this issue.
THE SECOND MORTGAGE RONDS of this com
pany due 1st Feb., 1888, w.ll be paid on and after that
date upon presentation at the office of the com»
pany, No. 31 Nassau Street, New York, with current
coupons.
Holders preferring to exchange the same for Con
solidated Mortgage Bonds of the company, can do
so upon application at the office of the company,
where terms will bo made known.
WILLIAM DOWJ), President.
WM. MULL S3. JR.. Assistant-Treasurer.
Lipe of road extends from Cleveland, Ohio, to f It Is expected that the traffic will be at least
■Canton, Ohio, with branches to Coshocton and doubled when the change of gauge is carried
out; even suppos ng that the net receipts only
®herodsville.
Total length of the line and branches 161 amount to $200,000, that would he double the
miles. This line w as originally constructed as amount required for interest on these bonds.
q
The following list of connections will give an
a narrow gauge. The road bed and bridges are
idea ot the enormous facilities for interchange
mow standard.
IMPORTERS OF DIAMONDS.
The object of this issue is to provide heavy of traffio Which will he the immediate conse
quence of the change of gauge.
steel rails and all necessary equipment.
DIAMOND J£W £L R |f.
AT CLEVELAND, the New York Chicago &
The pretent Issue, which is at the pate of
$12,500 per mile in 5 per cent bonds, makes St. Louis Railroad (Nickel-Plate), New York N o. 1 7 0 B B O A D W A Y jljjjg ^ y Y O B S *
wnw
Pennsylvania & Ohio Railroad (Erie system), Corner M a id en L a n e, J1
“the
Cleveland & Pittsburg, Lake Shore & .Michigan
g O L E F I X E D C H A R G E B U T $625 Southern.
AT KENT, New York Pennsylvania & Ohio
P E R M IL E .
H o te ls .
Railroad, Pittsburg & Western Railroad (B. &
The mortgage Is also a first lien upon the
-jOLtire real property and terminals of the com O. system).
AT CANTON, Pittsburg Fort Wayne <fc Chica
pany.
go Railroad.
M adison Square, N E W Y O R K »
T B R U fIN A IjS A L O N E E S T IM A T E D
AT NAVARRE, Cleveland Lorain & Wheel
The Largest, Best Appointed and Most Liberally
* ! TO B E W O R T H $ 1 ,5 0 0 ,0 0 0 .
ing Railroad, Wheeling & Lake Erie Railroad.
AT COSHOCTON, the Coshocton & Southern Managed Hotel in the City, with the Most Central
The gross revenue for the ten months ending
and Delightful Location.
Nov. 1, 18$7, was $311,479. The operating are now building to Zanesville, thus opening a
HITCHCOCK. DARLING & CD.
•expenses were $221,487, hut as these included connection with the Baltimore & Ohio system,
Zanesville
&
Ohio
River
Railroad,
Cincinnati
¿ sum of $22,500 expended in preparing for
the change of gauge in anticipation of this & Muskingum Valley and Columbus <fe Eastern
issue, the net return may fairly he stated at Railroad/
AM STER D AM , HOLLAND.
$ ï 1,100 per month, or say,
Bonds will be lfsted op London, New York,
Beautifully situated in the centre of the city, dose
Boston and Chicago Stock IJxcfianges.
$ 1 3 3 ,0 0 0 F O R T H E Y E A R .
to the Railway Station and ttpe Exchange.
The abpve statements hay© been confirmed rate cooking. Excellent wined Moderate prices.
This amount was earned from local business
W. p. WERKER. Manager.
alone, it being impossible for a narrow gauge by expert examination.
lo a d to interch ange.trafij c.
This issue Is offered simultaneously in New
In addition to the $22,500 mentioned above
a sum of about $150,000 has been expended York, Boston, Chicago and London, by the un
S P R IN G F IE L D , M ASS.
during the preceding three years for the same dersigned, and copies of the mortgage and other
purpose, and the work remaining to he done documents in support of these statements are THE BEST APPOINTED HOU8B IN WESTERN
NEW ENGLAND.
open for inspectiop at our respective offices.
«an be completed within a very short period
Convenient for the tourist or business man. Near
Union Depot.
YV* H . CH APIN.
FOR PRICE AND PARTICULARS, APPLY TO
D IAM O N D S.
W m . S. Hedg es & C .,
Fifth Avenue Hotel,
Bible Hotel,
Massasoit
C O F F IN
&
S T A N T O P i,
11 W ALL STREET, NEW YORK.
M U N IC IP A L IN V E S T M E N T
CO.
F IRST NATIONAL BANK BUILDING, CHICAGO, ILL.
IK Y IN G
A l.
E V A N S
&
C O .,
58 STATE STREET, BOSTON, MASS.
D E N T ,
P A L M E R
Sz
C O .,
No. 1 GRESHAM HOUSE, LONDON, E.C.
House,
Spencer Trask & C o .,
BAN K ERS <k BROKERS,
16 and x8 Broad Street, H. ¥•
Albany, N.Y.
Providence, R I.
Saratoga.
Transact a General Banking Business•
Special attention given to Investment
Securities.
Direct Private Wires to each office and to
PHILADELPHIA,
BOSTON,
WORCESTER*
H U N T 'S
MERCHANTS’
!»
M AG AZIN E,
g iiw ÿ jr a p iï,
ÉÊPRESENriNG- THE IN D U S T R IA L A N D COMMERCIAL IN TERESTS OF TH E U N IT E D STATES
VO L. 46
SA TU R D A Y, JA N U A R Y 28, 1888.
C O N T_E N T S
Week Ending Jan. 21.
THE CHRONICLE.
titearin# House fietnrns..........1115 The Economic Disturbances
The Ripanoial Situation______ H 6
Since 1 8 7 3 ...,.,.................... 122
York....................
Our Marvelous Iron Con'sumpOur Coal Production.... ...........122 New
Sales of—
___119
New, York’s Grain Receipts
(Stocks.............shares.',
Gold and Silver Production
During 1 8 8 7 ....................
123
(Cotton......... ...bales.,
Since 1851..... ...................... 120
(Grain..........bushels.]
Commercial and Miscellaneous
(Petroleum.......... bbls.]
News........................................ 124
B oston ......................
Providence.............
Hartford.......................
New Haven.........
Portland................. ..
Worcester........ ...........
Terms o f Subscription—P ayable in Advance :
Springfield...................
F o r O n e Y e a r ( i n c l u d i n g p o s t a g e ) . . . . . . . . ............. ....................S l o 2 0
Lowell.- ......... .
F o r S ix M o n th s
ao.
......................
.
« m
Total New England...
European Subscription (inoluding postage). ..".".7.1" I I I ” 11 28
Annual subscription in London (including postage)....... .* £2 7s.
Philadelphia.................
'SixKiffia.
to
do
do
...... £i gg.
Pittsburg....... .........
Subscriptions will be continued until definitely ordered stopped. The Baltimore.....................
publishers cannot be responsible for remittances unless made by drafts
Total Middle..............
o r Post Glfice Money Orders.
"
T h e s e : .p r ic e s l n o i b d e t h e I n v e s t o r s ’ S u p p l e m e n t , o f 12Q p a g e s oh 1cago.... ..............
is B u e d on ,ee i n t w o m o n t h s , a n d f u r n is h e d w i t h o u t e x t r a C h a r g e t o
Cincinnati.....................
s u b s c r ib e r s o f t h e Ch r o n ic l e .
Milwaukee......... ......
Detroit........................
L on d on A g e n ts:
Indianapolis...........
Messrs E dwards & S mith , 1 Drapers’ Gardens, ®. C., Who will take Cleveland.................
»fabsoriptions and advertisements and supply single copies of the oaner Columbus...,...........
Peoria......................
a t Is; each.
,
.
Omaha......................
Minneapolis... . .. . . . .
WILLIAM b . d a n a . $
* C fey, h i i 6 l i * h e r i i ,
JOHN G. FLOTO. I
1 0 3 W i l l i a m Strfeot, N E W Y O R K .
* Denver.....................
1st.Paul.... ...........
t
POST OFI'ICE BOX 1958.
Grand Rapids...........
Wichita...................
Duluth*....................
C L E A R IN G B O U S E R E T U R N S .
Topeka*........... .
White the returns o f ■exchanges fo r thé week ending Jan,
Total Western.......
21 arie o f thé saine geiièral character as those for previous St. Lçuis..................
St.
... ...
■weeks, the-exhibit is less satisfactory than the preceding NewJoseph....
Orleans...........
Louisvii
ie
...:..:;;....
since â majority o f thé reporting c itiës show some diminution Kansas City.......... .
Memphis... ..........
in the Volùmééif clearings. The falling off is most marked, Galveston........
however; at Néw Toi-k, reaching over forty-four millions o f Norfolk...............
T ire C h r o n ic le .
dollars, and moreover is acc oüntéd for by a decrease in ordinary mercantile transactions to a greater extent than by
lessened slock speculation. Altogether there are twenty-four
'Cities that record losses from last week, and thé aggregate
decrease in the Whole country is $54,546,562. Furthermore
at those points where gains are exhibited they are as a rule
opiite unimportant. It should be stated, perhaps, in explana^ on o^ the Western and Southern returns that they have been
unfavorably influenced the last three weeks by unusual cold
ivëàther and snoWs which have delayed the movement of
produce. Instituting comparison with the similar pèriod a
year àgo, it is Beën that the decline in the total for ail the
clearing .houses reaches 8 6 per cent, the excess outside of
New York being 3’9 p er cent, and thefalling off at New York
l^ S p e r cent. Lar ge percentages of increase are shown at
Grand Rapids 49-5 per cent, Indianapolis 49 2, Louisville 38;7,
Goîumhlis; 35 i, Spriilgfieid 3l*7 and Peoria ¿0 7 pet cehi
Wichita, ’which at this time last yeàf exhibited stich enOrhibus
gains, is now prominent for its heavy loss. Contrasted with
the week of 1886 the current figures record a decrease of about
cent> hut compared with 1885 there is an excess o f over
iw percent.
ô n thé Néw Ÿ orh Stock Exchange the dealings in shares
fo r t h é week covér a M rk b t value o f $46,724,000, which con
trasts with $117,220,000 for thé Corresponding week a year
ago. Following our usual plan o f deducting two-Rnd-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 $882,099,783 in 1887, or an increase of
£0 jper cent»
NO. 1,179.
Total Southern......
1888.
Weék End’gJan. J4.
P. Cent,
1887.
575,909,153
675,749,783
(904.080)
(783,000)
(18,689,285)
(04,942,000)
(2,834,445) 1-61-7,
i (410,600) H-78‘5
(20,120,600) ( - 2 8 6.
(29,150,000) (-i-88-5
82,669,901
6,681.900
1,814,618
1,421,245
1,050,898
1,116,374
1,277.061
621,505
1888.
—14-;
620,165,451
(1,037,580;
(813,800
(20,521,652
(42,350,000!
82,572,812
85,697,370
5,637,200
2,566,907
1,449,065
1,124.475
1,072,100
1,215,971
846)380
4,899,700
1,732,087
1,859.111
967,402
892,924
969,510
525,675
95,663,002
93,919,221
01,890,579
11)767,424
12,183,911
65,838,219
10,271,275
14,714,581
+1-
99,409,468
62.501,643
13,003,912
12,723,567
P. Cent.
-5-2
(—3712)
(+1495)
(- t-87"8>
(+46'2)
+ 8 -9
+ 20-9
+l®-0
+15
46-a
+ÍM-1
+ 2 8 -5
+445
+6*7
+0-2
+ 4 Î1
—S7
85,847,914
90,824,075
-5 5
88,289,122
+10-4
54,468,644
11,012,350
3,760,380
4,230,420
2,099,005
3,120,839
2,590,178
1,301,760
2,689, i 41
8,004.190
2,440,286
8,570,826
748.825!
684.534
1,278,384
248,506
48,422,301
10,480,750
4,133,158
3,452,124
1,407,251
3,247,488
1.917.549
996,285
2,227,888
2,774,410
2,010,008
3,036,004
501,002
1,540,019
+12-¿
-fit»
-9 $ 5
-S-l
+49‘2
56.852,131
11,583,350
8,856,287
4,429,129
2,149-,051
+ÈO-7
1,305,098
2,866)506
95,767,384,
86,108,803,
16,527.464
1,461,802
14,220,849
6,631,616
7.001,074
2,199,690
1,270,941
A,075(660
16,563.129
1,506,934
11,6833155
4,781,477
6,995,849
2,561,61»
1,691,599
... 867,355
50,359,696
40,051,314
+5-6
—9-0
422-5
—3-9
+ 85-1
+30-7
+ U -5 ;
3,090446
2)102,966
+21-0¡
+17-8
+495
—58-8
+11-2
-0-2
—s-5
+2.1-7,
+ 38-7
+0-1
~^15-8
—V4-9
+ 24 é
8,472,728
8,283497
3,532,439
774,043
807)509
1,499.163
268,110
+120
+Í9-9-3 0
+5*9
+ 1 9 -2
+20-2
+0-8
+12-1
+ l k4
+870
—21-8
98,194,039
+9-0
17,910,513
1,438,100
13,090,810
6,787,471
6.993,#22
2)49»,008
1,209,274
081,272
+7’6
+22H
+0-0
+ 8 J5
+1-8
—US
—15-8
+2816-
49,917,934
8an Francisco...........
14,870,204
12,171,698
Total all....... ........
918,407,353 1,006.424,894
Outside Néw York...
342,498.200 320,674,6111
*. Not included in totals.
16,077,308
972,053,915
+31;
352,788,404
48-1
W c have received this evening our usual five-day telegraphic
Returns o f Exchanges, and the total for the seven cities exhibit»
a decHfib from thb bdHebpbncfihg five days of last Week o f
about thirty-six millions o f dollars. In cbifiparisoii With the
similar period o f last year there is a loSs bf 16$ per cent; Oh
the basis of these telegraphic returns the estimate for the fu ll
week ended January 28 would seem to point to a decline C o m
pared with 1887, of about ¿1*6 per cent, Messrs. R. G. Dun &
Co. rbport the number o f failures for the week ended to-night
as '317 (268 ih the United States and 49 in Canada) against 314
last week and 271 for the Came -Week ot last year.
Returns by Telegraph.
Week Ending Jan. 28.
. 1888.
■.1
Sales of Stock (shares)....
Boston..........................
Philadelphia.................
Baltimore.......... .
Chicago........... ..........
St. L ou is....................
New Orleans................
. ...1887,
, * ,
(682,718»
64,057,248
40,372.847
. 9,035,627
42,088,000
1S,05»,5Q3
10,105,442
Total, 5 days.........; 643)293.887
Estimated 1 day ...... . 138,228,482
Total full week...... 781,522,309
Balance Country*..... . 102,437,228
Total week. all.. .. 8*5,959 697
1For the lull week, based on uui
P. Ceni.
(1,712.6891 (—60*1)
¿3,334,698
42*3
45,489,810
+8*7
9,877,178
-8*5
36,756,000 +14-5
13,043,442
■fOl]
8,056.82o 435-4
767,738,071 -1Ö-2
146,867,430
-6-0
914,6(15,601 —14-6
84(82¡3T572 +20-è
99f»M*0vO73 -vll-0
weea'a return*.
Wee% End’g Jan,,¡(i ,1888. .. ¡P. Cent.
___ JL .
—187
(097,903) (-6S-Q,)
68,7156,673
—i-‘o
58,078,298
—a i
10,304,140 -18-5
45,217.0ÓÒ + i i é
13,716,250
—fcQ
11,668,332
+9*6
073,497,183 —lèi»
142,102.276
■i&d
815,599.464 -10 0
103,428,147 4144
919.027 611
-8 -»
TH E
116
CHRONICLE.
T H E F IN A N C IA L S IT U A T IO N .
A further tendency towards increased ease in money
has been obvious this week, but an influence which we
have explained below is operating now, and will most
likely steady the rates somewhat during subsequent
weeks. So far as bankers’ balances are an indication o f
call money, the extremes have been 4 and 1 per cent.
The latter figure was, however, due to liberal offerings after
the inquiry fo r the day was over and not much was done
below 2 per c e n t ; 'the average for the week has been
about 3 per cent, at which renewals also have ruled. W e
d o not hear o f anything done by the banks on call below
4 per cent except on Government collateral, but there is
an abundance o f money ready to be put out at that rate.
Time loans are also lower. Trust companies and other
loaning institutions have made renewals
at four
months^ on first class collateral at 4 per cent, and
at 4£ per cent at 6 months.
Some o f the banks have,
we understand, accepted good mixed collateral for the
shorter date at 4£ per cent, and 5 to 5^ per
cent fo r 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 o f transactions in other
departments o f trade. It seems to us a little earlv to
assume so many unfavorable circumstances and then dis
count them. The rapidity and ease with which some of
our best railroad corporations have been able to place
large loans the past few weeks, and the large sales
o f bonds now in progress— if we
can
accept
these as a sign o f a general movement and o f a
m ore liberal market fo r new loans in prospect, the
present anticipations with regard to railroad building
m ight b y no means be realized. Besides, so far as the
m oney market is concerned, if the Treasury should absorb
tw o millions o f 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 a good supply
but not in excess o f the inquiry. W e quote 60 to 90 day
endorsed bills receivable 4 £ @ 5 £ per cent, four months
Acceptances 5 to 5^ per cent, and good single names
having four to six months to run at 6 to 7 per cent.
A t L ondon and at the Continental centres of trade
m oney also remains very cheap. The dearest open market
ate is at Paris, where it continues at 2 f per cent. This
Probably is due to the late excessive speculation there,
«specially in mining shares, confidence since the failure o f
M . Kaltenbach not being fully restored. A t L ondon the
discount rate fo r 60 days to 3 months bank bills is
1§ to
per cent, with
the
Bank
minimum
unchanged at 3 per cent.
A t Berlin the rate is
I f per cent. The low rates are favorable to loans
and are apparently being taken advantage of. Hungary,
it is reported, has arranged fo r an issue o f £15,000,000
in g old rentes, and E gy p t fo r a loan o f £4,000,000. It
is quite an interesting study to read the new company
proposals in Great B rita in ; they sound more like a
romance than like anything in real life. The Bank o f
England reports a gain o f £662,000 bullion during the
w e e k ; this, a private c&bie to us states, was made up
b y an import, in part from E gypt, o f £190,000, and by
[V ol . X LV I,
receipts from the interior o f Great Britain o f £472,000 j
The Bank o f France gained £90,000 gold, and the Bank
o f Germany, since its last report, shows an increase o f
about £523,000.
The foreign exchange market has been dull, tending
towards ease, especially for short bills, and there appears
to be almost an entire absence of demand. W ith in the
past two days offerings o f sight sterling have been com
paratively liberal. These are said to consist o f bills drawn
against purchases of bonds fo r European account. Still,
bankers claim that if the inquiry for them had been at all
active they would have been readily absorbed. There is
reported to be an absolute dearth o f commercial drafts of
any kind and the arbitrage houses are doing so little busi
ness that their operations make no impression upon the
market. There is nevertheless a pretty large and steady
flow o f the better class of bonds and stocks to Europe, as
we learn from bankers dealing in them, and this is a nat
ural result o f the very easy m oney and large amount of
capital seeking investment in Europe. Mr. Switzler, of
the Bureau o f Statistics, has this week issued the foreign
trade figures fo r 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 o f silver added and the net imports of gold
deducted, would make the balance on the entire trade
about 22 million dollars. The statement for the year is
as follows.
FOREIGN TRADE MOVEMENT OF THE UNITED STATES—(0003 om itted.)
Go l d .
M e r c h a n d is e .
Si l v e r .
Excess
Excess Im Ex Excess Ex
Year.
Jit
Exports. Imports. of Ex ports. ports.
of
ports. oorts. of Ex
ports.
Imports.
ports.
1887.
Jan....
$
$
2
$
t
i
$
i
629 2,907 1,915 1,194
51,951 19,583 3,536
144 1,677 +1,533 2,351 1,332
59,156 *4,379
578 2,445 tl,867 1.654 1,218
62,894 2,423
829 1,494 +1,105 2,647 1,417
63,581 *16,013
904
607 1,925 1,384
297
58.666 ‘ 15.430
982
505
+115 1,748
620
61,232 *13,274
496 1,682 2,008 1,335
56,593 *7,197 2,178
243 5,737 2,058 1,718
65,734 *10,312 5,979
*762 14,089
178 13.913 2,779 1,462
56,018
312 12,578 2,388 1.450
60,968 15,070 12,890
390 1,563 2,527 1,784
59,919 15,674 1,953
478 1,327 3,533 1,496
52,100 21,131 1,805
6,514 44.890 9,253 35,634 27,533 16,772
1887. 715.321 708,807
26 27,056 17,223
1886. 713.404 663,429 49,975 41,309 41,283
23,645 11,417 12,228 33,281 17,773
688,250
587,869
100381
1885.
+12.990
29,564 15,505
40,948
27,958
120104
749.366
629,262
1881.
* Excess of imports.
t Excess of exports.
71,534
54,777
March- 65,317
A pril.. 47,568
M a y... 43,236
June.. 47,958
J u ly ... 49,393
A u g ... 55,422
Sept... 55,256
Oot.... 76,033
Nov.... 75,593
D eo.... 73,231
Feb ...
$
721
1,019
486
1,230
541
766
673
340
1,317
938
743
2.037
10.761
9,833
15,508
14,059
It will be seen by the above that on the trade for the
twelve months there is a net merchandise balance o f on ly
$6,514,000 and o f silver $10,761,000, and yet we imported
$35,634,000 net o f gold.
W e notice that several prominent lawyers representing
the bar association have had a hearing before the House
Judiciary Committee this week in favor o f a liberal
increase of the salaries of U nited States District Judges in
New Y o rk . It would not seem as if, with our overflowing
Treasury, much argument were needed, after stating that
the amount paid is now only fou r thousand dollars a year,
to convince the comm ittee.
N or can we think there
would be any difficulty in effecting the reform were it not
that it raises the whole question o f the inadequacy o f the
pay o f so many Governm ent officials. Going into the
business o f salary raising as a preliminary to a presiden
tial election would be unpopular— that will be the ob jec
tion, perhaps unspoken, bu t hardest to overcome. Y e t
is not that view a very narrow view and incorrect as
well? W h ere a salary is clearly insufficient every m an
who has not an independent support is either shut ou t
from the office or merely uses it as a stepping stone t o
something better. Obviously then the existing condition
s against the poor and in favor o f tho rich, and t h j
J a n u a r y 28, 18£8.J
THE CHRONICLE.
L17
change if understood ought to be and we think would be
well received by the general public.
A further harm the insufficiency o f salaries is doin g is
to the Government service. This is suggested and illus
trated by the election o f the new officers o f the W estern
Nation si Bank last week. A s is well known, Mr. C. N.
Jordan, who then became the President, was only a short
time sicce the Treasurer o f the United States, while M r
Chari« s J. Canda, who became Vice-President, was at the
time o f his election Assistant-Treasurer o f the U nited
States. W hen in the employ of the Government,
although responsible for the many millions o f money in
their charge, and required to give bonds for its safe
keeping, yet their respective salaries were for the Treas
urer only six thousand dollars and for the Assistant.
Tree surer four thousan d dollars. S uch talent and charac ter
as the Government needs for those positions brings a
much higher price in this market, and though for a longer
or shorter period according to circumstances the possessor
o f the requisite qualities may be retained, the drift all the
time sets steadily away from a service which so noto
riously underpays nearly all o f its leading officers. W ere
it not that this changing tendency lowers the efficiency
and otherwise acts to the detriment o f the service itself,
we would not object to a feature in the working o f the
system which serves to enrich our banking circles. G ov
ernment employment generally results in making men
conservative, and hence while U ncle Sam educates and
then loses, our Clearing House organization receives no
little strength, as may be seen in the many notable addi
tions from that source of late years.
large sum to be disbursed by them by and by, and, as
every one knows, calls fo r skill in managing that part o f
the problem. It was because we had confidence in Mr.
Fairchild’s methods that we have felt and expressed per.
feet assurance in his accomplishing it without the least
disturbance to business interests. The operation would
naturally occur the latter part o f the summer, fo r
by the first o f July we must presume that Congress
will have completed its legislation, the surplus will be
stopped and the method of em ploying past accumulations
be determined. Now, suppose the forty or fifty million
dollars which are likely to accumulate between Feb. 1 and
the beginning o f the new fiscal year could be got into
bank and were put there, making the total so held over
100 million dollars. In the present condition o f money
the effect would undoubtedly be to stimulate specu.
lation; and after that had been done and the expansion
o f credit was at its height, and just about the time the
crop movement began, the disbursements by the banks
would have to be effected. The mere statement of these
facts proves the wisdom o f the Secretary’s present action.
A s large a sum as can be conveniently accumulated in the
Sub-Treasury during ensuing months, is clearly desirable.
It is not needed in the channels o f comm erce— on the con
trary it would do harm in the money market now; but if
held in the Treasury and disbursed concurrently with the
disbursements by the banks, every one can see that, c o m
ing on the market at a time when money will be in
demand to send to the interior fo r crop purposes, the
whole operation would prove one o f decided relief to the
market instead o f disturbing it.
Deposits in depositary banks have now about reached
their limit. A s made up on the first o f February these
holdings will, we have reason to believe, show a total of
very nearly 58 million dollars. A t about that point the
item will probably be kept through the summer. This
change of policy, if we may call it such, is obviously due
to several causes. In the first place the need which gave
rise to the increased deposits no longer exists. The plan
was entered upon when the money market was stringent
and when the extracting o f two millions a week b y
Treasury operations would have disturbed business;
it stops now when the market is very easy and
when currency is
accumulating (and fo r a time
promises to accumulate) so rapidly that the want
which^gave occasion for the order is more than satisfied.
A further explanation o f the change is, that rates for
m oney have fallen so very low that it is doubtful whether
the Secretary if he desired could keep out any greater
eum on Government bond security than is now thus
placed. A lready we know o f over a million dollars of
these deposits which have been returned to him, and very
many more banks have had it in contemplation to do
likewise. T o understand the situation fully, it must be
remembered that on Governments (the only security a
bank will put these moneys out on) rates are peculiarly
depressed, being so low fo r time money that it has not
been thought desirable by our banks holding these funds
to renew the loans to their customers except on call, and
the return fo r call money on Government collateral is so
extrem ely small, not over one and a half per cent, that it
does not pay for the trouble and risk. Hence even if the
The excellent condition o f the anthracite coal trade
during 1887, and the large profits accruing to the com .
panies engaged in the trade, are reflected in the very
favorable annual statements issued this week by the
Delaware & Hudson and the Delaware Lackawanna &
W estern companies.
Neither o f these companies is
engaged in the mining o f L ehigh coal, and hence neither
has suffered from the strike in the Lehigh region. On
the contrary, both have been benefitted b y that strike,
since its effect was to stimulate the demand for coal from
their own region, the W yom ing. Hence, while getting
a very much better price fo r their product, they were at
the same time enabled greatly to enlarge the output. The
latter, however, follow ed not alone from the strike, but
in large part also from the great industrial activity that
has prevailed. A s a result, the returns now submitted
show that the Delaware & Hudson earned 11$ per cent,
and the Lackawanna 11*97 per cent— in both cases after
Secretary wished to increase the deposits, it could not be
done in first-class banks o f at least any Eastern city.
But there is still another good and obvious reason why
the Secretary, under the circumstances, may for the time
being suspend hi3 order. W ith the 1st o f February the
total held by all bank depositaries will be a3 stated p rob
i t y a little less than 58 million dollars.
That is clearly a
charging considerable amounts o f improvements to operat
ing expenses.
The Delaware & Hudson statement is deserving o f
more than a passing notice. The return is unusually
complete, and we have been favored with an advance
copy o f the same, copious extracts from which appear o n
another page.
In this report, too, the management
announce their intentions with reference to the rate o f dis
tribution in the future. The dividend is to be increased to
6 per cent per annum, and at the same time they “ pro.
“ pose to appropriate, from time to time, from the surplus
“ or dividend fund, amounts not to exceed in the aggre
g a t e 25 per cent o f the $5,500,000 o f bonds to be
“ retired during 1891, and to credit such appropriations
as cash payments on the stock to be issued therefor to
“ stockholders o f record at the time when notice is given
“ o f their right to subscribe.” This we understand to mean
that stockholders will be allowed to take the new p/.ock at
75, its selling price now being 110. The position o f the com »
pany would seem to be an unusually strong one. L oth
the gross
tv òli»
THE CHRONICLE.
118
and net earnings are much the largeBt ever
rea cted in the com pany’s history, the gain over the
previous year in the cáse o f the form er being $3,588,778,
and m the case o f the net $1,623,062. L ook in g at the
details o f the gross receipts we find that the gain comes
ciiiefly from the increased sales o f coal, though the rail
road department also shows a heavy gain. Thus the coal
receipts increased from $6,9 5 8 ,1Í9 in 1885 and $7,081,.
842 in 1886 to $9,951,163 in 1887, and the railroad
receipts from $ 7 ,4 ?5 ,4 d6 and $8,239,747 to $9,189,974The coal tonnage was enlarged nearly a million tons
during the year, that from its own mines having increased
from 3,499,727 to 4,063,586 tons, and the tonnage trans
X L v I*
An examination o f the figures for the fu ll year reveals
what a prominent part increased expenses have playèd ih
thé 1887 accounts. Thus the gross o f the Eastern system
foots Up $55,671,304, being decidedly the largest totál
eVér reached, ând over 5^ million dollars larger than the
year before. But the net has increased only $825;246;
and falls three quarters o f a million short o f the total in
1883, when the gross had been 4£ millions less. Still,
the exhibit is quite satisfactory. The W estern lines have
done better than the Eastern, and on the combined systéin
the improvement over 1886 is nearly two million dollars
and over 1885 it is hearly five million dollars, though thé
1887 result does not quite approach that for either 1883,
1882 or 1881.
ported for others from 638,071 to 983,701 tons. A s
The stock market, which early in the week had a rather
àlready said, expenditures for betterments have been
uncertain look, owing to the Continued depression o f thé
charged directly to operating expenses and not to con.
Gould properties, has latterly developed considerable
struction ; nevertheless, as we hâve seen, the company
strength, and also shown increased activity. The indica
earned nearly Í2 per Cent oh its stock, and moreover
tions are that a determined attack was made on the márat the end o f the year held $3,663,840 o f cash on hánd.
ket at the close òf last and the beginning o f this week b y
W e have had some conspicuous illustrations this week
operators for a décline, and that this raid Was Unsuccess
o f unfavorable exhibits o f net earnings for recent months,
ful, stocks being apparenti^ very Strongly held.
Bdt
in the face of increasing gross. The Northern Central
the main reason fò r the better tone seemS té be
fo r instance for December reports gross earnibgs increased
found ih thè increased
dèmand fò r
bonds, thè
from $457,809 to $490,286, but expenses were augmented
theory being that activity and higher ptÌbèS ih
from $294,305 to $503,242, so that the result o f the
the bond market afe merely the forerunners o f the samé
m onth’s operations is a deficiency below expenses Of
conditions in the stòck market. The presént demánd fob
$12,956, against a surplus in the same in on th of 1886 of
bonds is certainly a prominent feature o f thè moment.
$163,504.
F or tbe twelve months, though gross
It is seen not alone in the dealings on the Stock Ekchahge,
increased
$738,309,
net has fallen off
$61,232.
but in the takings of large hew issues by powerful syndi
The Central o f Georgia fo r the month reports a gain
cates and in the offerings o f the same to the public. Ih
o f $14,141 in net, but the gross had increased $94,605.
addition to the Northern Pacific loán áhd the negotiation
In this case, however, it is plainly stated that expenses
o f Atchison bonds, previously announced, the Chicágé
include ‘‘ betterments.” The W abash(E astein L'mes) hag
Burlington & Quincy has this Week placad eight m ill!ohé
ónly just reported the N ovem ber figures; as against a gain
o f new bonds, and the M anitoba’ is also out With sottie
o f about $9,000 in gross earnings, expénses have increased
new issues,
while tw o
millions
of
bondé
aré
$50,000, so that the net is reduced $41,000. The Chicago
being
offered
on
the
Cleveland &
Oantoh fo r
St. Louis & Pittsburg on gross for December increased
the
purpose
of
changing
the
gauge
of
that
$54,000, has a loss of $3,000 in the net. On the Erie
road, &c.
Moreover, the
long liât o f
Offerings
a gain o f $36,000 in gross is follow ed by a loss of $87,000
in the advertising columns o f the papers is evideh éeòf thè
in the net. In fact, poor exhibits of net for rèbent months
great confidence which leading bankers feel ih the invest
86em just now the rule, though the explanation is obvious
ment demand for this class o f security. A t thé same
&nd well known to our readers. F or the full year, the
time, if current reports are to be believed, the Pehttsylshowing is in most cases quite satisfactory, owing to good
vania and the Burlington & Quincy have latterly ptà'céd
returns in the earlier months.
some heavy orders fo r steel rails, givihg à àôhiëq^he Pennsylvania has also issued its Decem ber state
wháf
im proved
tone
t o . the
iron
trade.
Ón
ment, and it is o f the same character as its returns for
top o f all this, we h iv e had thè yéry fávéfable
previous months and tile same as the exhibits o f the
annual statements o f thè Delaware & Hu&isoh and the
roads referred to above, some o f which îüdëèd aré oper
Lackawanna, and hence it is not surpriáing tb it ttìè étòòk
ated in its interest. On the Eastern system there has
market should latterly have showh considerably ìnCfeasèb
been an addition to the gross for the month of $464,738,
itrehgth, and that priòès áhóuld hatfe clbséd yeStërdhy
but as the expense account was enlarged néáriy half a
prètty generally higher than a Wôek ágo. T he weáthér
million dollars ($ 48Í,025) thé net shows á diminution of
has been rathér sévère, and the effects ir e Seeh ih dihtìh$16,287. In 1886 expenses Had alio been increased very
iéhéd eamiUgs fo r rëcènt Wèeks by many léadihg lihèé.
heavily, so that while in the two years the gross in that
Thèré have béón rio new developments in connection with
month has been enlarged $ 846,27Ü, the net has been added
thé ítéading strike. M oney cohtinues easy and thé réthfh
to only in the sum o f $22,604. On the W estërh éystéin thé
flow Of currency from the interior is very heavy.
exhibit is a little more favorable, but the tendency has
been the same.
Past or
Pittsburg.
December.
Hross earnings.....
Operat’g expenses.
Net earnings...
W estern lines..... i
Result..........
. .
1887. i
1880.
1885.
.......
1884.
1883.
... C
|j
1883.
$
$
$
3,7,00,328 3,840,’610 4,ljJ7,169
2,673,098 2,657,282 2,972,310
Ì,OÓ3,2SÒ 1,Í83,2¿8 l,iáí,8í3
—130,761 —398,134 1, —16,984
1,472,480 1,882,017 1,431,418 905,469 885,091 ; 1,167,809
è
t
$
4,802.051 4.428.210 4,040,38?
3,511,059 3,030,034 2,087,481
1,381.893 1,398.182 1,359,¿01
+90,591 —15,535 •+72,217
Jan. 1 toBee. 31.
Gross earnings..... 65,371,804 50.879.ÒR8 45,615,027 48,560,011 51,083,244 49.079,820
Operat’d expenses. 37.080,576 32,010,586 29,479,763 30,527,009 31,747,143 30,047,399
Net earnings... 18.584,728 17,750,482 10.1S5.200 16,039,902 19,336,101 18,432,497
Western lines....... +1300.100 +■205,788 -1092,974 —801,892 +812.009 1-1694,300
ÌÒ15,042,296 17,178,010 20,148,770 20,820.727
Result-........... 19.944.828 17.W6JS
The following statement, made up from rèturhs eoiléctèd
by ns, exhibits the Week’s réèeipts and shipments tit Cur
rency ahd geld by thè New Ybrk banks.
Receivedby Stopp'dby Net tMhiór
WeekendingJanuary27,1888. N
. T. Banks. N. 1’. Banks. Movement.—
14,670,000
Totál gold and legal tenders....
The
a b o v e ' shows
$4,670,000
Gain. $4,108,000
... ... ...
$509,000 GÀIO. $4,108,000
$502,000
the actual changes in the bank holdings
of currency and gold caused by this movement to and
from the interior. 1 n addition to that movement the ba nks
have gained $600,000 through the operations o f the Sub:
J a n u a r y 2$, 1888.J
T H E CHRONICLE.
Treasury. Adding this item to the above, we have the
following, which should indicate the total gain to the New
York Clearing House banks of gold and currency for the
week covered by the bank statement to be issued to-day.
It is always to be remembered, however, that the bank
statement is a statement of average* for the week, whereas
the figures below should reflect tk? actual change in the
condition o f the banks as between Friday of last week
and Friday of this week.
119
821,878 tons, or about 13 per cent. But it must be remem
bered that in comparing with 1886 we are comparing with,
a year o f very heavy production— decidedly the largest
ever reached in our history up to that time— and that the
present increase o f 821,878 tons follows an increase o f no
less than 1,835,459 tons in that year, so that in two years
we have added 2,657,337 tons to the output, the produc
tion for 1887 thqs being nearly 6.0 per c$nt greater than
it was two years before.
A s intimated, however, there is another item to be
taken into the account. W e refer to the imports. These
have been lnc?ensfng concurrently vyith the production,
and for 1887 were on an exceedingly large scale. W e
have not the ex^ct totals fo r the year, as the Bureau q f
The Bank of England gained £662,000 bullion dur
Satisfies has not yet issued its import statement for D e
m g the week. This represents £190,000 recejyed from
cember, but for the eleven months ending N ovem ber 30
abroad, and £472,000 from the interior o f Great Britain.
we had imported o f the various form s o f iron and steel
The Bank o f France shows an increase o f 2,250,000 francs(including tin plates) 1,691,618 gross tons or 1,894,612
gold and o f 400,000 francs silver, and the Bank o f Ger
net tons.
During D cemhex we probably im ported
many, smce the last report, has gained 19,740,000 marks
100,000 gross tons more, and this would raise tflo
The follow ing indicates the amount o f bullion in the
total fo r the year to above two million net tons.
principal European banks this week and at the correspond
In
the twelve months o f 1836 the imports were
in g date last year.
only 1,230,393 tons and in 1835 but 647,895, so that
January 20,1888.
January 27,1887.
besides the increase in production there has been an
Bae/ika of
‘ Ool4.
Silver.
Total.
Gold.
Silver.
Iota1.
increase in imports in the two years in the farther amount
£
£
£
4
£
£
o f 1,360,000 tons. A llow in g now fo r the changes in the
England........ 21,337,880
21,337.360 20,830,100
20,830,109
France........ 48,880,163 47,404,658 01,203.321 48,607,010 45,516,376 04.213,386 stocks left in makers’ hands between the beginning and
Germany*.... 21,048,650 18,661,350 80,705,000 19,087,050 16,027,050 36.015.000
Àust.-Hung'y 6,010.000 14,678,000 2i;488.0Ö0 6.484.000 14,005,000 20.489.000 end o f the year, the follow ing is the result we get as to
Netherlands.. 4.071.000 8,100,000 12,261,p00 5.498.000 8,118,000 13.616.000 consumption for the last three year.
W e should say that
Nat.Belgium* 2.685.000 1.843.000 4.028.000 2.739.000 1,370,000 4.109.000
National Italy 6.083.000 1.118.000 8.101.000 7.277.000 066,000 8.242.000 strictly sneaking the whole o f the imports cannot properly
Tot. this week 106.010,173 01,205.008 108.214,181 110,613,060 86.002,426 197,514,405 be classed under the head o f pig iron, since some o f the
Tot.prev.w’k. 105,451,918 00,640,84s ln6.101.761 109,554,704 86,325,798 195,880,500
articles (steel rails, fo r instance) are of a much higher
* The division (between gold and silver) given in our table of coin and
bullion in thé Bank of Gemiany and the Bank of Belgium is made from fqrm ; obviously, however, more than a corresponding
tne best estimate we are able to obtain; in neither ease is it claimed to be
monrate, as those banks make no distinction in their weekly reports, amount o f irpn has been consumed in their production,
merely reporting the total gold and silver; but we believe the division
we make Is a close approximation. and hence we are not overstating the case by including
Noth.—We receive the above results weekly by oable, and while
n ot'a n o f the date given at the head o r the colnmil, they are tie them on an even basis.
Exports we disregard altogether,
rptnrns issued nearest to that date—that is, the latest reported figures.
because they are insignificant.
The Assay Ôffice paid $263,422 through the âubTreasuiy during the week fo r domestic bullion, and the
Tons of 2,000 lbs.
1887.
1886.
1885.
Assistant Treasurer received the follow ing from the Cus Stock of pig beginning of year........... ............ 252,704
416,512
593,000
Production during year.................................. 7,187,203 6,005,338
4,529,860
tom House.
Into Banka. Out of Banka. Net Change in
Banlf Holdings.
Çanks’ Interior Moyement, as aboye *4,070,000 2 1502.000 Gala.. *4.108,000
¿,200,000
Sub-Treasury operations.......'.!...'
5,600,000 Gain.. 600,000
Total gold and legal tenders ... *10,870,000
$5.182.000 Gaih.J4WD8.aOO
Week tuning January 27,1888.
Consisting of—
Date.
Duties.
Gold.
Jan. 20.
$520,129 21
21.
23.
24.
¿5.
26.
' 241,222 26
$4,500
¿,000
2,000
4,000
¿;bob
4,500
If. 8.
Notes.
$45,000
23,000
45,000
67,000
66,000
04,000
Gold
Silver Ocr.
Qertiflc's. tificates.
$402,000
iVs.boo
254,000
$22,Q{)0
Total supply............................................... 7,439,910
Stock end of year....................................
337,617
Consumption of home pig.............. ............... 7,102,203
imports of iron and steel................................ *2,007,000
Total consumption, tons........................... 9,109.293
* December imports estimated.
6,781,840
852,704
5,122,809
416,519
6,529,136
1,230.393
4,706,357
647,895
5.354.258
7,759,529
$67,000
38,ood
T hus in the late year the domestic demand absorbed
857,154 92
“
54,00 Í
44
680,409 31
87,ooq over 9,100,000 net tons o f iron, this being an increase on
«
di3,9#0 ¿2
ÖÖ7,000
66,000 1885 of 3,755,041 tons. The increase alone is larger than
«
493,270 48
¿79,000
46,000
Total.-. $2,936,103 40 $19,500 $310,000 $2,212,000 $358,000 our entire annual production previous to 1380. W q have
seen that as compared with 1885 the production had in
Included in the above payments were $8,500 in silver
creased nearly 60 per cent, but the consumption, accord,
coin, chiefly standard dollars.
ing to the above figures, has in the same interval increased
over 70 par cent. In the increase in the manufacture o f
OUR M ARVELOU S IR O N CONSUMPTION.
One dpes not get a full idea o f the extent o f the demand
fo r iron in 1887, or o f the expansion that has occurred
d u rin g 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 o f pig, and a wonderful story it tells. But only
when, by the use o f these figures and others, we learn the
actual consumption, do we really appreciate what a vast
am ount o f iron, in one way o r another, was used up in
this country in the late year and how great the increase
was over other recent years.
Starting with the production, we find that the quantity
o f pig turned out in 1887 was 7,187,206 net tons o f 2,000
pounds. A s compared with the previous year this does
not show any very striking expansion, the increase being
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 o f iron end steel. It will be
Qoted that notwithstanding the heavy production and
imports, stocks o f domestic pig in makers’ hands at the
end o f the year, though somewhat larger than in the pre
vious year, were yet very light, being only 337,617 tons—
less than 5 per cent o f the entire production for the year.
In 1875, with the production only 2,266,581 tons, the stocka
stood at 760,907 tons.
W e have room for but one other remark, and that bears
upon the sources o f our home production. It is popularly
supposed that the Southern States have greatly increased
their output— at least that is the expectation encouraged
by tbe reports o f new furnaces being built in that section.
It appears, however, that &3 yet the addition to the supply
[Vol. XLVI,
THE CHRONICLE.
120
Thus, in the nine principal follow ing amounts. F or comparison we add a column to
producing States o f the South the production in 1887 was show the U nited States Mint estimate for gold and silver
929,433 tons, being an increase of only 54,257 tons over fo r the same years.
1886 and 216,601 tons over 1885. In the same two years
Mint estimates.
Mr. Valentine’s estimates.
the production o f ¡the whole country increased 2,657,337
Gold.
Silver.
Gold.
Silver.
Copper.
Lead.
tons, as already stated. N ot unlikely, however, the South
$30,800,000
$48,800,000
$25,183,567
$43,529,925
1884... $6,831,091 $6,086,252
will make a much better showing another year.
31,800,000
in that way has been small.
PRODUCTION OF PIG IRON BY STATES.
1881.
1882.
1883.
1884.
1885.
Tons.
Tons.
Tons.
Tons.
Tons.
Tons.
283,859 227,438 189,664 172,465 112,705 98,081
156,2 0 163,782 157,483 152,907 87,731 83,711
199,166 161,199 131,597 133,963 137,602 87,406
98,618 69,007 55,231 88,308 73,220 66,409
54,844 37,553 45,052 54,629 66,522 45,973
46,490 32,924 42,655 45,364 42,440 37,404
30,502 17,299 27,342 49,153 54,524 48,756
3,000
1,321
5,140
2,381
3,250
1,843
800
1,150
435
1,790
2,200
929,436 875,179 712,835 657,599 699,260 577,275 471,540
3,684,618 3,203,289 2,445,496 2,385,402 2,638,891 2,449,256 2,190,786
975,539 908,091 553,963 567,113 679,643 698,90ft 710,546
296,572 283,618 160,157 239,486 331,964 410,158 359,519
172,554 157,886 73,667 82,935 138,773 176,805 171,672
565.453 501,795 327,977 327,568 237,657 360,407 251,7)51
213,543 190,734 143,121 172,834 173,185 210,195 187,043
133,508 65,933 24,632 52,815 51,893 85,859 102,029
138,643 74,523 51,408 60,043 103,296 113,644 109,799
77,340 64,277 86,613 43,818 92,410! 89,625 86,849
7,187,206 6,365,328 4,529,869 4,589,613'5,146,97215,178,122 4,641,584
Ton* of 2,000 lbs. 1887.
South’n States—■Tons.
Alabama.......... 292,762
Virginia.......... 175,715
250,344
Tennessee......
West Virginia.. 82,311
41,907
Kentucky......
40,947
Georgia......... .
37,427
Maryland.......
4,383
Texas.............
3,640
North Carolina.
Total.......
Pennsylvania..
Ohio...............
New T ori.......
New Jersey......
Illinois............
Michigan........
Wisconsin......
Missouri.........
Ail others.......
Grand total.
1886.
< A year ago we quoted Gen. W illard Warner as saying
that in 1888 Alabama, Georgia and Tennessee would pro
duce 1,500,000 gross tons o f iron, equal to nearly 1,700,000 net tons. A ccordin g to the above these States pro
duced only 584,053 net tons in 1887. I f Gen. W arner’s
expectations shall be realized, we can doubtless dispense
with any foreign imports the com ing year, even if business
should revive.
GOLD A N D S IL V E R P R O D U C T IO N SIN C E 1851.
The gold and silver production of the United States
for 1887, as made up by Mr. Valentine, o f W ells, Fargo
& Go., was issued at the close of last week. It shows that
though mining, like all other industries, has been active
the past year, the outturn for silver is less than the similar
total issued by him for 1886. The gold he gives ‘ for the
States and territories west o f the Missouri River.” at
$32,500,067, against $29,561,424, and the silver at
$50,833,884, against $52,136,851. The statement in full
(which includes arrivals from British Columbia and west
coast o f Mexico, and covers gold, silver, lead and copper),
is as follows. W e add for comparison Mr. Valentine’s
statements for previous years.
PRODUCT OF GOLD, SILVER, LEAD AND COPPER.
States and Territories.
1884.
California............. .......
N eyada........ ...............
O regon........ . ..............
Washington.................
Alaska.................. .......
Id a h o............. ..............
M ontana................. .
U tah.............................
Colorado ......................
New M exico................
Arizona____ ________
D akota.........................
Mexico (W.CoastSt’tes)
British Columbia.........
$
15,272,988
8,888,939
555,167
70,125
115,014
3,542,177
11,862,000
7,389,836
20,233,749
3,660,614
7,056,379
2,986,847
2,554,400
787,719
1885.
1886.
1887.
$
$
$
15,036,672 14,690,385 13,662,923
9,213,121
9,169,920 10,232,453
607,405
703,217
950.000
109,050
164,691
160.000
251,000
444,975
609,000
4,423,356
7,733,500
8,240,000
14,224,512 20,840,000 25,483,275
8,926,734
8,631,595
7,637,730
21,372,000 25,000,000 23,293,000
3,825,763
3,821,871
4,229,234
6,595,146
6,103,378
5,771,550
2,726,623
2,856,687
3,058,605
2,261,044
2,108,694
762,035
608,834
742,845
556,154
T o ta l. . . ................. 84,975,954 90,181,260 103,011,761 104,645,959
. The gross yield for 1887, shown above, segregated, is
given approximately as follows.
Gold
Stiver
Copper
Lead,
(31 61-100 per cen t)............................................
(49,529-100 per cen t)............................................
( 9 90-100 per cen t)............................................
( 9 20100 per cen t) .............................. .
$33,074,022
51,578,118
10,362,746
9,631,073
Total................................................................................... $104,645,959
A ll these figures include, as stated, “ British Columbia
“ and receipts by express from the W est Coast States of
M exico.” Deducting these we have left for the United
1885...
1886...
1887...
8,562,991
9,185,192
9,631,073
7,888,036
9,276,755
10,362,746
44,516,599
52,136,851
50,833,884
26,393,756
29,561,424
32,500,067
51,600,000
51,000,000
49,500,000
35,000,000
38,000,000
The last line in the above, giving the totals for 1887
under the head o f “ Mint estimates,” are not estimates o f
the Mint, but simply Mr. Valentine’s figures for 1887
with changes similar to the usual differences between the
Mint estimates and Mr. V alentine’s estimates.
F or
instance, Mr. Valentine has given the gold for the previous
three years at just about 5-J millions less each year than
the Mint figures, which are prepared some months later*
This fact is disclosed b y the above statement, and estab
lishes a relation between the t v o 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 o f the
continuance o f a relation in the results o f two methods
that has existed three years.
But whether 38 millions will be reached as the Mint’s
estimate o f the year’s gold product or not, there can be
no doubt in the light o f Mr. Valentine’s returns that the
Mint gold results when made up will at least be larger
than in 1886, and that the silver product is likely to be
smaller. In other words, does it not look from these
disclosures as if a point had finally been reached at which
the demand fo r both of these metals was materially
affecting production. So far as gold is concerned the
year o f least yield was 1883, according to the Mint
when its estimate was 30 million dollars, and 1884
according to Mr. Valentine when his estimate was a little
over 25 millions. Since then the annual gold product has
shown a constant growth as evidenced b y both authori
ties. A s to silver the case is not so clear, fo r the yield
has been increasing all the time until 1887. B ut the fact
that there should have been a falling off d u rin g a twelve
months o f so great business activity as the last is signifi
cant ; and what makes it o f still greater significance is
that the decline has come in the face o f an enlarged p r o
duction o f the co-existing metal gold, leaving the inference
that mines producing silver wholly, or most silver and
least gold, are rapidly reducing their output.
W ith regard to the gold and silver production o f the
world there is not ¡very much to add to our previous
reviews. So much is being published on these matters
and so many statements are being put out, that we should
not attempt to contribute anything, did we not think there
were errors in many o f the current estimates. It is e x
tremely surprising that authorities should differ so widely
with regard to the w orld’s present production o f gold and
silver. Uncertainty in the earlier years when the large
discoveries were being made, would not be at^all remark
able; no records were kept then, the results being almost
wholly estimated and well tinctured with the exaggera
tion incident to such surroundings. The data given out
officially for our own country at that time is good illustration of this statement. But why estimates o f production
now, that bear evident marks o f the purest romance,
should be incorporated into statistical tables we cannot
understand.
States production in the “ States and territories west of
Silver is the metal the yield of which is at present being
<(_the Missouri river ” for the four years given above the chiefly exaggerated.' F or instance, take the silver p r o
TH E CHRONICLE.
J a n u a r y 28, 1888.]
duction of South and Central Am erica (exclusive of Mexico)»
the general estimates put it at about 8 million pounds
sterling, nearly
million pounds of which are credited
to Bolivia alone. I f any one will examine the English,
French and Am erican foreign trade figures (the three
countries through which the comm erce o f the South
American continent is almost wholly transacted), he can
find no trace whatever o f this eight million pounds sterl
ing— A m erica 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 o f it, and the currencies
o f 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
o f silver to give some evidence indicating where it goes
or what is done with it, and in default o f evidence on
that point to keep it out o f statistical tables.
In preparing the follow ing statement o f the world’s
production o f silver we have allotted to every country the
highest yield which, according to our belief, there is the
least warrant for. The record is as below since 1851.
WORLD’S SILVER PRODUCTION.
Silver.
18 5 1 ............
1852............
1 8 5 3 ...........
1854...........
18 5 5 ...........
Total 51-55
1856............
18 5 7 ............
1 8 5 8 ............
1 8 5 9 ............
1 8 6 0 ............
Total 56-60
1
United
States.
£
10,330
10.33C
10,33C
10.33C
10,330
2
Mexico.
£
4,185,405
4,185.405
4,185,405
4,185,405
4,185,40
Total 61-65
4
All other
countrie s.
£
439.438
439,438
439,43*
439 438
439,439
£
3,255,818
3.255,818
3,255,818
3,255,818
3,255,818
5
Total.
£
7,890,991
7,890,991
7,890,991
7.890,991
7,890,991
10,330
10, -¡30
103,306
20,661
30,991
4,041,322
4,041,322
4,041,322
4,041,322
4,041,322
555,124
555,124
555,124
555,124
555,124
3,515,008
3,515,008
3,515,008
3.515.008
3.515.008
8,121,784
8,121,784
8,214,760
8,132.115
8,142,445
175,618 20,206,610 2,775,620 17,575,040 40,732,888
613,190
613,190
613,190
613.190
613.190
3,462,893
8,734,579
3,462,893
9,251,108
3,462,893 10,077,554
3,462,893 10,594,083
3,462,893 10,645,736
7,696,280 21,226,365 3,065,930 17,314,4C5 49,303,060
2,066,116
2,789,256
2.479.339
2.479.339
3,305,785
4,623,521
4,623,521
4,623,521
4,623,521
4,623,521
Total 66-70 13,119,835 23,117,605
1 8 7 1 ............ 4,752,066 5,222,231
1872.......... 5,940,083 5,222,231
1873............ 7,386.364 5,222,231
18 7 4 ........... 7,706.611 5,222,231
1875............ 6,549,587 5,222,231
791,058
791,058
791,059
7-1,058
791,058
3,799,498 11,280.183
3,799,488 12,003,323
3,799,488 11,693,406
3,799,488 11,693,406
3,799,488 12,519,852
3,955,290 18,997,440 59,190,170
1,241,603
1,241,603
1,241,603
1,241,603
1,241,603
3,924,041 15,139,941
3,924,041 16,327,958
4,024,041 17,874)239
4,124,041 18,294,486
4,124,041 17,137)462
Total 71-75 32,334,711 26,111,155 6,208,015 20,120,205 84,774,086
1 8 7 6 ............
1877............
1878............
1 8 7 9 .......... .
1880............
from Australia are very full and interesting for V ictoria
and Queensland. It has been noted in previous reviews
how V ictoria has decreased its production almost up*
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 o f
which is as follows.
VICTORIA GOLD YIELD, 1871 TO 1886.
Year.
1871
1872
1873
1874
1875
1876
1877
1878
....
...\
....
....
....
....
....
....
Ounces.
Values.
Year.
1,355,477 £5,421,903
1,282,521 5,128,034
1,241,205 4,964,820
1,155,972 4,623,888
1,095,787 4,383,148
963,760 3,855,040
809,653 3,238,612
775,272 3,101,088
1879
1880
1881
1882
1883
1884
1885
11886
....
....
....
....
....
....
....
....
Ounces.
758,947
829,121
858,850
898,536
810,047
778,618
735,218
665,196
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
Down to 1879 the decline appears to have been rapid
and without check, that year’s product being 44 per cent
less than that o f 1871. In 1880 there was a recovery,
temporary in ‘its nature and not large, as it culminated in
1882 with an increase of 139,589 ounces. Since then
there has been a constant loss, the product o f 1886 being
the smallest in the record and about 51 per cent less than
the product o f 1871. These figures look as if this souroe
o f supply was destined soon to lose its importance. That
conclusion, however, may not be wholly warranted»
judging from the fact that the product p9r 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.
51,650 20,927,025 2,197,190 16,279,090 39,454,955
1 8 6 1 ............
413,223 4,245,273
1862...........
929,7 52 4,245,273
1 8 6 3 ........... 1,756,19*1 4,2-15,273
1864
.. 2,272,727 4.245.273
1865
.. 2,324,380 4.245.273
18 6 6 ............
1867..........
1868..........
1869............
1870............
3
Germany.
121
8,016,529
8,223,140
9,339,050
8,429,752
8,099.174
4,678,860
5,092,959
5,131,611
5,191,116
5,1537,190
1,088,182
1,185,779
1,291,140
1,337,901
1 ¡420,463
4,200,000
4,200,000
4 300,000
4,300,000
4,400,000.
Total 76-80 42,107,645 25,631,736 6,323,465 21,400,000
18 8 1........... 8,884,298 6,040,083
1882___. . . . 9,669,4 21 6,059,711
1883............ 9,545,868 6,109,298
1884............ 10,082,645 6,548,554
1885............ 10,661,157 6,864,876
1,418,628
1,631,157
1,748,380
1,845,521
1,985,083
4,400,000
4,400.000
4,500,000
4,600,000
4,700,000
17,983,571
18,701,878
20,061,801
19,258,769
19)456)827
95,462,846
20,743,009
21,760,289
21,903,546
23)076,720
24)211,116
Total 81-85 48,843,389 31,622,522 8,628,769 22,600,000 111,694,680
1886............ 10,537,190 7,047,934 *2,000,000 4,750,000 24,335,124
18 8 7 ........... 10,227,272 7,148,760 *2,000,001) 4,750,000 24,126,022
* Estimated.
Column l.-F r o m the 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 Soetbeer’s Materialien, etc.
Column 4.—Includes South America, Europe other than Germany,
msde up from 1851 to 1870 from Soetbeer’s Materialien; for
the later years in part from MiDt Report, but mainly other sources.
Year.
1871....
1872....
1873....
1874....
18 7 5....
Value
Miner
£
s.
93
6
93 17
96 16
99
8
104
4
d.
1H>
1*2
2^
3
4
Years
1876....
1 8 7 7....
1 8 7 8....
1879....
1 8 8 0....
Value $ Miner
Year. Value $ Miner
£ s. d.
£
89 19
6%! 1831.... 95
82 6
lût 1882.... 95
82 12 11*2 1883.... 95
76
1 2H 1884.... 106
81 18 11% 1885.... 108
a.
11
19
6
14
15
d.
9Lj
7"%
31«
6%
914
W e have not received the corresponding data for 1886,
though we have the report for the first quarter o f that
year which indicates a further falling off o f 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, and next in the poorest yielding quartz.
The respective proportions o f quartz and alluvial gold
raised were 60 per cent quartz and 40 per cent alluvial
^n 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 grow ing out of the better
return for the labor employed.
Queensland on the
other hand is increasing its total outturn, the increase
com ing wholly from the “ quartz reefs,” the alluvial
workings haviBg dw indled down to very small propor*
tions. This will be seen in the follow ing statement for
five years, in which the yield o f the two classes o f mines
is given separately.
Queensland.
Years.
Alluvial
ounces.
Quartz
ounces.
Total
ounces.
Total
value.
1882..................... .
1883...............................
1884..........................
1885..............................
1886...............................
52,038
35,327
26,175
21,936
15,361
172,855
177,460
281,629
289,005
325,637
224,893
212,787
307,801
310,941
340,998
£787,125
744,848
1,077,315
1,088,293
1,193,493
Thus we find that the alluvial workings have been reduced
to almost a nominal figure, while the quartz returns have
126,032 or $116,769,995— a slight decrease from 1886, been grow ing so much more productive that the total of
ow ing to the small falling off in the total fo r the United the latter in these five years has increased over 88 per
States.
cent. A s therefore the alluvial returns have now almost
The gold production o f the world is the only re wholly disappeared from the table, there seems to be good
maining inquiry ; and as to that we have not much reason to suppose that the output o f Queensland is destined
to add to our statements o f last year. Our later reports to figure in the product even more conspicuously here*
It will be noted that the total production now is £ 2 4 ,
TÈE CHÈÒIÌì(ÈLE.
122
~ \%à laNri,
ter. The follow ing is an interestin'^ summary of tiie T H E E C O N O M IC D IS T U R B A N C E S S IN C E \87Î.
total quantities and value! o f all AttstialaSiari mines since
A correspondent calls attention to an inaccuracy in our
ifee first discoveries down to the present time.
article of last week on the above subject, h is contained
PKOii’ccT oi* ¿O ld in au £tral A.sian cOLOitiris.
in the follow ing statem enttakenfrom the article, p ig é 8&.
“ Suppose that a single laborer in a day produces fifrv
Tofal.
During 1886.
1851 to 1888.
Colony. Us imated
“ per cent more goods. I f the piece w ork ¡»rice has fallen
Estimated Value. Estimated Value.
Va’ue.
Oz.
665,196
iol,r4ie
840,998
24,115
Quantity.
“ fifty per cent he receives approximately the same wages
£
Oz.
£
“ as b tfore.”
217,572,728
54,393,182
2,660,784
385,949 9,743,844 36,130,429
That is an incorrect statement, for he w raid not receive
1,193,493 5,181,219 18,134,266
778,261 the same wages, nor “ approximately the same.”
187,078
95,230
Only
Total of Aus88,383,598 268,280,228 1,131,725
tralia
31,014
415,385 1,595,494
Tasmania....
New Zealand 10,760.311 42,191,179 • 226,668
4,336,456 69,515,323 272;615,68j4
446Ì399 1,714,619 ducing 50 per cent more goods, earn as muctt money as h e
Xl9,l25
888,765 10,986,979 43,079,944 had been earning. Tne case was a hypothetical one used
Total of Aus' tralasia ... 79.559,294 312,066.901
6;843,346 80,048,701 317.410,247 fo r illustration, and suggested b y the coursa o f prices aud
Quantity.
Victoria......
N. So.Wales.
Queensland..
So. Australia
£
Oz.
53,727,988 214,911,944
9,<!42,'i28 35,744,480
4,840,221 16,940,773
683,031
172,9.63
Quantity.
1,389,407
on a fall o f 33£ per cent or less would the laborer p r o
With, regard to thè Russian gold product we have been wages in some departments o f trade; and though ou r
4t)le to obtain nothing whatever direct from Russian argument is strengthened by the correction, that o f coursé
Officiai sòurceS. The returns received by the Mint Bureau in no degree excuses the error.
through our State Department show remarkable changes
O UR COAL PRODUCTION.
in the total from year to year, but we know nO reason for
The coal trade is one o f the industries that profited
auestionihg them and therefore adopt them in our table. greatly by the activity in business in 1887.
TaiS
F or 1887 of coarse we bave as yet no returns from any applies riot only to anthracite, but to bituminous as well.
country except thè United States and M exico, and hence The former, however, was favored with some special stim
fo r all other sources o f supply we simply repeat the 1886 ulating agencies. The Reading, which had exerted an
figures. F or the U nited States we use the Mint figures unsettling influence for years— frequently being forced by
f o r all the years, and for 1887 assume that they will its poverty to sell its coal before it was minèd— ceased to
exceed Mr. Valentine’s returns in the same amount that be a disturbing factor. That alone would have insured a
they hare the last thieè years, as explained in the early more prosperous season to the coal carriers. In addition,
$art o f this article. W ith these suggestions we give our the year has been peculiarly onè o f strikes in that trade.
UBual compilation o f the world’s annual gold product; It began with a strike o f the coal handlers arid it termi
Which is as follows.
nated with the Reading miners fully resolved to take the
W ORLD’ GOLD PRODUCTION.
same step, while frcm September to the end o f the year
no coal was mined in the Lehigh region. The strike of the
4
1
1
5
3
2
I
Producti’n ï Total
Produc
Producti’n
Produc
ConnellsviJIe coke operators was entirely outside the
. Góld.
in Other Production
tion in
in United tion in
Countries^ in World.
Australia.
anthracite trade, but it deserves mention as belonging
States. ; Russia.
to the same class o f disturbances. Of course, to the coih£
&
£
£
£
1851
... l,7ï"0,388 11.363.636 3,315,035 1.500.000 17,959,059 paniès concerned these labor difficulties werè not a factor
1852
.. 12,543.258 12.396.694 3,074,134 1.500.000 29,514,086
1853
.. 13,269,711 13,429,752 3,292,093 1,.’100,000 31,491,556 able feature; but they increased the demand upon thé
1854
.. 10,» 20,7<»5 12.396.694 3,591,466 1.500.000 27,508,865
1855
.. 12,097,649 11.363.636 3,709,790 1.500.000 28,671,075 other producers, besides serving to advance pricës àrid
Total ’51-55. 49,711,711 60,950,412 16,982,518Ì 7,500,000 135,144,641
.. .13,058,984* 11.363.636
1856
1 8 5 7 ..
. . 12,196,507 11.363.636
1 8 5 8 ........... 11,729,866 10.330.578
1 8 5 9 ..
. . . .10,908,978
..
10.330.578
1 8 6 0 .......... . 10,626,192 9,504,132
3,723,736
3,899,401
3,847,605
3,461,240
3,354,624
1.500.000
1.500.000
1.500.000
1.500.000
1,500, COO
29,646,356
28,959,544
27,408.109
26,200,796
24,984,948
Total ’56-60- 58,520,527j52,892,560 18,286,666 7,500,000 137,199,753
1 8 6 1 ............
1 8 6 2 ..........
1863
.
1864
..
1865
..
10,9-»5,858
11, 74,079
11,304,192
9,956,192
10,204,178
8,884,298
8,099,174
8,264,463
9,524,793
10,996,900
3,275,021
3,285,777
3,282,871
3.144,105
3,544,980
Total ’ 61-65. 53,674,499 45,769,628116,532,754
1866
1867
1868
18 6 9
1870
..
..
..
..
..
10,456,794
10,024,946
10,481,673
9.826,937
8,584,263
11,053,719
10,685,942
9,917,355
10,227,272
£¿264,463
3,732,733
3,7 i 0,465
3,849,266
4,563,401
4,864,590
1.750.000
1.750.000
1.750.000
1.750.000
1.750.000
24,845,177
24,409,030
24,601,526
24,375.090
26,496,058
8,750,000 124,726,881
2,000,000
2,000,000
2,000,000
2,000,000
2,000,000
27,243,246
26,421,353
26,248,294
26,617,610
23,713,316
Total ’66-70. 49,374,613 50,148,751 20,720,455 10,000,000 130,243,819
m i . . . . . : . . 9.883.Ì 05 8.057.851
18 7 2
.. ) 9,039,057 7.887,810
1873
..................
..................
8.380,828
8,101,033
18 7 4
.. 7.275,138 7,947,521
1875
.. 6.938,944 8.257.851
5,400,373
5,192,090
4,554,632
4,561,830
4,489,070
2,000,000
2,000,000
2,000,000
2,000,000
2,000,000
25,342,129
24,118,957
23,036,493
21,784,489
21,685.865
Total ’71-75. 41,517,872 40,252,066 24,197,995 10,000,000 115,967,933
1 8 7 6 ..
. . 6,156,442
1877.......... .
1 8 7 8 ..
. . . . .5,999,105
.
1879
... 5,949,198
6,209;3ol
1880
...
8,860,950
9,297,521
8,057,851
6.869.835
6.869.835
4,620,310
5,628,281
5,785,253
5,919,506
5,932,120
2,000,000
2.0 4),000
2,000,000
2,000,000
2.200.000
21,637,702
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
§ 8 8 1 ............
1 8 8 2 ............
1883
...
1884
...
1885
...
6,257,121
6,063,897
5,594,304
5,826,15C
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
2,51*0,000
2.500.000
20,416,428
19,683,635
18.715,161
19,197,706
19,958,729
Total '81-85. 29,384,790 31,528,925 24,557,944 12,500,000 97,971,659
T886............ 5,343,3461 7,231,405 4,239,256 2,750,000 19,564,007
1 8 8 7 ............ *5,343,3461 7,747,934 *4,239,258 *2,750,000 20,080,536
‘ Estimated.
i N o t e .—The production of Queensland f o r the years 1851 t e 1877,
Inclusive <410,299,886) was given as a single item at the elose of 1877.
We have, however, divided it equally among the years named, adding
to each of those years’ production £381,477.
thus b en efitin g all the companies.
In face o f the strikes, the total production has beén
very greatly increased, both in the case o f bituminous
and anthracite, the output o f each being the largest oh
record. F or the bituminous there are no authentic statis
tics, though every trade report bears witness to the activity
prevailing. In the case o f anthracite, however, Mr. John
TT Jones, the accountant o f the companies, furnishes
official statements o f the shipments to market, his figures
covering the entire production except the coal consumëd
about the minés. Mr. Jones’ latest report covers Decem
ber, and according to it the production in that month,
notwithstanding the absence of any output from the L ehigh
region, exceeded that o f the same month in 1886 b y
256,728 tons. But it is the record fo r the year thst
interests
us most now.
In
the twelve months
of 1886
the
production
had
been
the
largest
ever iriade. N ow fo r 1687 we find a further addition
o f 2,504,655 tons, raising the total to 34,641,017 tons.
The Lehigh V alley and the Central o f N ew Jersey— tiie
two companies engaged in the mining o f Lehigh coal—
have suffered a reductiori, but all the others show a
larger output than ever before, the increase by soirie 8t
the companies being simply remarkable, that o f th e
Lackawanna, fo r instance, reaching over a million tons.
This may be seen from the follow ing, giving the details
for six years. W e are compelled to combine the Central
o f N ëw Jersey with the Reading in this exhibit, because
fo r the years prior to 1886 we cannot get their returns
separately.
THE CHRONICLE.
J a k c a b y 38, 1888,]
N E W Y O R K 'S G R A IN R E C E IP T S D U R IN G 188,7.
Actual Production.
Name of Rood.
1882.
1884.
1833.
1885.
1886.
1887.
Tims.
Tons.
Tom.
Tom.
Tons.
Tons.
PMI». & Reading*. 12,408,111 11,690,483 11,680,780 11,163,020 12,232,401 11,211,165
Lehigh Valley...... 5,784.4ÿ,0 6,184,456 6,107,445 5,933,255 6,271,773 5,933,739
Del. Lack. & West. 6,220,702 5,172,023 4,987,83- 5,204,362 5,079,122 4,638,717
Pel. & Hudson..... 4.048.230 8,480,687 3,301,871 3,362,679 8,512,971 8,203,168
Pennsylvania HR. 8,816,143 8,478,885 3,393,685 8,169,287 2,773,418 2,332,973
Penna. Coal. ....... 1,603,436 1,898,179 1,509,886 1,397,946 1,541,145 1,469,820
739.835 731,649 651,226 523,546 382,193 330,514
34,641,017 32.136.362! 31.623.529 30,756,995 31,793,023 29,120,096
Stock at ti de-water
at end of year....
130,977 872,282 754,545 874,681 748,330 562,116
* Including Central of New Jersey.
It will be noted from this that not only is the produc
tion the heaviest reported, but at the same time the stock
at tidewater points has been cut down nearly a quarter o f
a million tons, so that the consumption reached about 34^
I 23
W e have from time to time during the progress o f the
year called attention to the salient features in the grain
movement at New Y o r k during 1887. N ow that tbe
December return is complete, and we have the figures for
the full twelve months, the results possess greater interest*
besides having additional value for purposes o f compari
son. It will not be necessary, however, to d o more than
refer very briefly again to one or tw o o f the chief charac
teristics o f the year.
A s concerns the size o f the receipts, the aggregate fop
1887 falls below that o f 1886, though not very greatly.
Reducing flour to wheat on the basis of 4-J bushels to a
barrel, the total o f all kinds o f grain for 1887 foots up
127,500,801 bushels, against 130,910,062 bushels in 1886*
The falling off is due to the diminished receipts o f con?,
follow ing the poor crops o f 1886 and 1887; only 20,231,422 bushels were received, against 32,789,951 bushels the
year before and 38,257,132 in 1885. Fiour, wheat and
oats all show an increase. Thus o f flour the deliveries
were 6,355,934 barrels, while in 1886 they were only
5,580,498 barrels. In wheat the movement was 45,222,425 bushels, against 41,546,610 bushels, and in oats
22,266,020 bushels, against 20,139,820 bushels. In the
million tons. O f course, in some measure the fears o f a
coal famine, which had been so sedulously cultivated in
the closing months o f the year, may have stimulated
buying beyond the usual requirements, but this will
account for only a very small part o f the increase shown.
A s regards bituminous coal, we have already stated that
reliable statistics are hard to get. The Coal Trade Journal
publishes an annual in which an estimate o f the production for each State is made, and its estimate is generally
accepted as an authority in the trade. The figures for
1887 have not yet been compiled. The Engineering & other cereals the changes do not call for special mention*.
But the main feature o f the year’s results is o f course
M ining Journal thinks that the total coal production
the
great prominence that the canal plays in the m ove
(bituminous and anthrapite) in the twelve months was at
ment.
A lready in the previous year we had occasion to
^east ten million tons greater than in 1886. A s the
refer
to
that fact, the canal then having increased its retiq
increase in anthracite is 2^ millions, this would leave an
10
per
cent
over 1885 and brought in 44 million bushels,
increase o f 7% millions in bituminous. In the following
so
that
in
both
ratio and amount it was distinguished as
we make the increase somewhat less. ¥ e use Mr. Jones’
never
before
sinpe
1880. N ow we find fpr 1887 a further
figures on anthracite for all the years, and those o f the
Coal Trade Journal on bituminous, except for 1887. W e
have divided the anthracite so as to show the amount
com ing from each region, W yom ing, Schuylkill and
Lehigh, that being an interesting point just now.
COAL PRODUCTION IN UNITED STATES.
Tears.
1870...........
1880...........
1881...........
1882...........
iàés...........
i8§4........
1$85...........
188Ò...........
1887........ .
Anthracite.
Wyoming. [ Schuylkill.
Tom.
Tom.
7,974,660 4,968,157
11,419,279 7,554,742
13,951,383 9,253,958
13,971,371 9,459,288
15,604,492 10,074,726
15,716,455 9,478,314
16,236,470 9.488,426
17,031,826 9,381,407
19,684,929 10,609,028
Bitumi
Total.
nous.
Lehigh.
Total.
Tom.
Tom.
Tons.
Tom.
3,239,374 16,182,191 16,681,499 32,863,600
4,463,221 23,437,342 41,761.160 65,198,402
6,294,676 28,500,017 47,621.017 76,121,934
5,689,437 29,120,096 57,729,540 86,840,636
6,113,809 31,793,027 65,082,357 96,875,384
5,562,226 30,756,995 68,686,067 09,443,062
5,898,633 31,623,529 70.501,024 102,124,553
5,723,129 32,136,362 74,643,671 106,780.083
4,3*7,060 34,641,017 *81,000,000,115,041,017
* Estimated.
increase, notwithstanding that the total grain movement
was nearly 3£ million bushels less than in the previous
year. In other words, the canal furnished 46 million
bushels, or over 36 per cent o f the whole receipts. Con
sidering that the water route is available only a little over
half the year, this is a very large proportion. A point in
favor o f the canal during 1887 was the fact that rail
road traffic was so heavy and the demand for cars so active
that the roads were very frequently obliged t* let the lowclass freights g o to the water route, it being o f course to
their interest to give preference to the high-class freight!,,
which yield a larger profit. On the other hand, the
demoralization o f railroad rates on export grain, which
prevailed a good part o f the year, operated against the
canal, because it left a smaller margin o f difference for it
to encroach upon. B at whatever the cause, the canal
brought in more grain and a larger proportion o f the
entire movement than in any other recent year. The fo l
lowing w ill show thp deliveries by each o f the various
routes, rail and water, fo r six years.
The features o f this exhibit are the increasing propor ■
tion o f anthracite contributed b y the W yom ing region»
and the great grow th in the production o f bituminous.
W ith regard to the form er we find that the output o f
Lehigh in the late year (chiefly because o f the strike) was
RECEIPTS OP GRAIN AT N EW YO RK , B Y ROUTES, JAN. 1 TO DEC. 31.
lpSS even than it was in 1880, seven years before.
On the
Jan. 1to
1887.
1886.
1884.
1888.
1885.
1883.
Dee. 81.
other hand, the Schuylkill in the same interval increased
Bushels.
Bushels. Bushels. Bushels. Bushels.
Bushels..
its production from 7,554,742 to 10,609,028 tons, and the
N. Y. Cent.. 24,979,925 27,372,525 36,079,712 30,886.489 32,125,615 38,832,554
W y om in g from 11,419,279 to 19,684,929 tons, the latter
Per ct.
19-59
25-84
20-91
2S-5Ó
26-76
33-94 !
20,509,769 20,669,936 24,979,551 19,076,256 28t765,288 24,428,613
being 56 82 p ercen t o f the entire amount mined. W ith Brie...........
Per ct.
15-79
23-13
iene
19*73
21-36
reference to bituminous the increase has been marvelous,
but is easily understood. It is a grade o f coal that is
found nearly everywhere in the United States, and with the
extension and development o f 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 fo r 1887 we estimate it at 81,000,000 tons,
sq that in the seven years tjiere has been an expansion o f
nearly 100 per cent. The demand has been limited only
b y thp ability o f our railroads t,o furnish the necessary
17-30
Pennsylv’a.. 9,850,926 10,049,575 15,229,691 10,982,200 13)060)494 15,854,717
7-67
Per ct.
1050
7*73
12*02
9*52
13-85 '
Del.L.&W. 5,315,945 10,221,678 5,718,428 5,713,608 4,581,770
8-69
Per ct
4-17
7-81
4'5&
4-93
West Shore. 12,043,509 10,006,272 10,001,299 *1,216,033
Per ct.
9‘40
7*64
7-90
105
Var’us HRs.. 7,285,027 6,401,184
856,924
959,059 6,302,256
658,040
Per ct.
4-91
5-48
5-71
0-75
0*69
0-58
Total RRs. 80,075,101 84,741,170 92,968.540 75.076,847 79,390,091 79,773,92«
Per ct.
84-73
73-42
dß‘85
608}63-O4
69-73
Riv.& coast.. 1,414,700 2,132,370 3,738,304 2,417,962 8.725,238 2.481,04#
Per ct.
1-10
8-95
3;00
2-09
1-63
817
Canal.......... 46,011,00Q 44,036.522 29,930,587 87,925.257 41,220,908 88,150,40«.
Per ct.
36-09
33-64
23-63
‘ 82-87
33-15
28-lfli
Total all... 127.500,801 130.910,062 190)637,431 115,420,066 124,336)837 114,405,38*
cars.
re*°rted.i0r 'Dc;??ïaber ’ Previously Vfest Sl$f$
not s«g3{-3te}|[
TH E CH R O N ICLE
124
|[Yòl. XLYI,
E xcept in the case o f the newer lines, the changes as I P t o t t * t a r ® ! < & 0 m m j e * j c i a l H u a l i s X t ¡g ü r n r s
com pared with the previous year in the ratios of the vari
ous rail routes are not very important. The W est Shore
has increased its proportion from 7*64 per cent to 9 45
per cent, while that o f the Lackawanna has been reduced
from 7*81 per cent to 4*17 per cent. On the Erie the
ratio is 16*16 against 15-79 per cent, on the New Y o rk
Central 19-59 against 20-91, and on the Pennsylvania 7*73
Stagliali F in a n c ia l H a rk e t»—Per Cable.
The daily closing quotations for securities, &c., at London,
are reported by cable as follows for the week ending Janu
ary 27.
Sat.
London.
Silver, per o z .............. d.
Consols for money..........
Consols for account........
FPch
rentes (in Paris) fr.
against 7-67 per cent. O f course, as compared with the U. S. 4*28
of 1891...........
U.
S.
4s
1907.:...........
earlier years the differences in the percentages o f the Canadianof Pacific............
Chic. Mil. & St. P a u l....
older roads is very marked, but that follows naturally Erie
common stock........
from the introduction o f the new competitors. It is inter Illinois Central...............
Pennsylvania................
esting to note, however, that the Central and W est Shore Philadelphia & Beading.
New York Central..........
com bined did not carry as much grain in 1887 as the Cen
tral alone in 1882, the latter being a year, though, when
the canal figured fo r a small percentage. W ith reference
to the results for December, the last month o f the year,
the principal feature is that the W est Shore again, as in
the same month of the previous year, had such a large
proportion o f the total movement— 23 44 per cent— the
figure for the twelve months being only 9-45 per cent, as
already stated. Below is a comparison for six years.
Mon.
Wed.
Tues.
Fri.
Thurs.
44716 44is
44» ta 44%
44%
44%
10-2716 102910 IO21I1« 10211,« 1021 %6 102%
1021s 102% 10211,6 1021316 102% 10218-ta
81-35 81-2713 81-35 81-45 81-47% 81-45
110% 111
110% 110% 110% 110%
129
128% 128%
12938 12914 129
61%
62%
61%
63
62%
62 7s
78%
79
77%
77%
77%
77%
28%
28%
28%
28%
28%
29%
122% 122%
121is 121% 121% 122
56
56
55%
55%
56%
55%
3278
33%
34
33%
33%
33%
110% 110% 110% 110% 110% 110%
©jnxm recial *mcl HsUscellatieous U r n s
N ational B anks .—The following national banks have been
organized since last advices :
3.836— The First National Bank of Kaufman, Texas. Capital, $50,000.
H. T- Nash, President; G. W. Yoiers, Cashier.
3.837— The City National Bank of Knoxville, Tenn. Capital, $100,000.
Milton P. Jamagin, President; W. S. Shields, Cashier.
I mports and E xp o r ts for the W eek .— The imports of last
week, compared with those of the preceding week, show a
decrease in dry goods and an increase in general merchandise.
The total imports were $10,666,005, against $t 0.489,610 the pre
RECEIPTS OF GRAIN AT NEW YORK BY ROUTES DURING DECEMBER.
ceding week and $7,856,568 two weeks previous. The exports
for the week ended January 24 amounted to $6,960,582,
1883.
1882.
1884.
1685.
1886.
1887.
December.
against $4,949,847 last week and $6,680,795 two weeks previ
N, Y. Cent. ..bush. 2,088,930 2,236,515 8,831,993 3,310,081 2,789,355 4,688,267 ous. The following are the imports at New York for the
40 54
45-62 week ending {for dry goods) January 19 and for the week
89-90
39 02
24-67
24*69
Per centErie.............bush. 1,474,672 1,538,188 2,504,656 1,558,245 2,045,806 2,963,763 ending (for general merchandise) January 20; also, totals
28-88
29-76
1S-37
26-08
16-91
1807
Per cent.
since the beginning of the first week in January ;
994,161 767,682 1,148,039 785,815 821,051 1,909,203
Pennsylv’a. .bush.
11-94
11-00
9-27
18-53
8-47
12-18
Per cent.
452,562 817,430 689,887 887,319 318,099
Del. L. & W..bush.
613
4-55
9-88
9-02
5-55
Per cent.
West Shore ..bush. 1,918,196 2,195,261 548,488 1,216,038
5-71
14-34
24-21
28-44
Per cent.
93,445
192,047
98,581
Various RRs.bush. 716,031 1,027,149 140,025
0-90
1-47
1-10
2-81
8-78
11-33
Per cent.
Total RR. .bush. 7,590,142 8,577,225 8,763,788 7,800,079 6,158,358 9,659,682
9398
91-25
92-04
89-60
93-01
94-01
Per cent.
River &coast w.b a. 249,716 112,564 342,575 261,951 338,531 197,395
2'97
1-92
3-57
4-85
3-00
1-24
Per cent.
821,100 870,500 497,200 423,100 381,300 421,887
Canal...........bush.
4-10
5-55
3'93
518
4-99
4-15
Per cent.
Total all. ..bush. 8,160,9' * 9,068,289 9,003,583 8.481,130 6,873,189 10,278,064
Note .—In the above t ¿.ole flour baa been reduced to grain on the basis
of 4% bushels to a barrel, and no distinction made in the weights
of the different kinds of bushels, aU being added together on the same
basis.
The trunk lines o f course received a much smaller reve
nue from the grain traffic than in the twelve months o f
1886. In the first place they all carried less, with the
single exception o f the W est Shore, and in the second
place rates, at least on export grain, were not main
tained. The result approximately is seen in the follow ,
ing. F or December, 1887, we have taken 25 cents as the
basis o f rates between Chicago and New Y ork, there being
no way o f 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.
December.
1887.
New York Central..........
Erie................................
Pennsylvania............... .
Del. Lack. & West..........
West Shore..........
Total. » .....................
1886.
Jan. 1 to Dec. 31.
1885.
1887.
1886.
1885.
1885.
Dry Goods........
Gen’l mer5dise..
Smce Jan. 1.
Dry Goods........
Gen’l mer’dise..
1886.
1887.
1
1888.
$1,866,468
3,564,500
$1,988,817
4,508,726
$2,878,1411 $3,383,561
4,853,419;
7,282,444
$5,430,977
$6,497,543
$7,731,560 $10,666,005
$6,802,813
13,637,154
$6,608,836
16,476,781
$8,547,305
16,858,827:
39.201,900
19,810,283
Total 3 weeks.. $20,439,967 $23,085,617 $25,406,132 $29,012,183
In our report of the dry goods trade will be found the im
ports of dry goods for one week later.
The following is a statement o f the exports (exclusive of
specie) from the port o f New York to foreign ports, for the
week ending January 24, 1888, and from January 1 to date:
EXPORTS FROM NEW YORK.
1
For the week....
Prey, reported..
Total 3 weeks..
1885.
1886.
$6,883,762
15,704,392
1887.
$5,452,601
12,066,588
[
1888.
$5,486,569' $6,960,582
12,244,1031 11,630,642
$22,588,154 $17,519,189 $17,730,672 $18,591,224
The following table shows the exports and imports of specie
at the portof New York for the week ending January 21, and
since January 1 and for the corresponding periods in 1887
and 1886.
EXPORTS AND IMPORTS OF SPECIE AT NEW YORK.
Exports.
Qold.
Week
South America...........
All other countries...
Imports.
Since Jan.1.
$6,000
$8,200
1,248
27,430
1,248
133,338
4,638
8,019
8,638
$39,316
$159,443
15,100
360,557
537,153
1,623,447
Exports.
Total 1888...........
Total 1887...........
Total 1886...........
$
$
$
1
$
*
116,000 141,000 232,000 1,298,000 1,615,000 1,476,000
Silver.
84,000 97,000 152,000 1,106,000 1,228,000 1,010,000
57,000 48,000 09,000 505,000 598,000 613,000
26,000 52,000 36,000 279,000 610,000 236,000
109,000 138,000 83,000 634,000 595,000 370,000
392,000 476,000 522,000 3,822,000 4,641,000 8,714,000
West Indies................
Thus the W est Shore is the only one o f the roads which
shows a larger revenue from this traffic than in the twelve
months o f 1886, the aggregate revenue for the five roads
reaching only $3,822,000, against $4,641,000. That the
total earnings of the roads should have so greatly increased
(as shown by all the returns) in the face o f this falling off
o f $819,000 in the receipts from grain, shows how active
and large general business was during the year.
FOREIGN IMPORTS AT NEW YORK.
For Week.
Week. . Since Jan. 1.
Week.
Since Jan. 1,
$ ........
31,266
$1,718
79,902
9,446
400
5,876
3,356
28,658
2,062
14,484
22,917
$50,344
$149,741
419,597
3,086,128
32,079
595,821
Xmport8.
Week.
Since Jan. 1.
$67,780
10,000
1,900
380
$740,330
20,600
1,900
380
$ ........
•
South America...........
All other countries...
2,552
1,540
3,678
4,540
2,616
643
$ ........
4,439
3,893
28,020
1,004
5,671
44,446
Total 1888...........
Total 1887...........
Total 1886.........
$84,152
190,245
362,207
$771,428
390,145
1,190,285
$14,685
30,316
16,895
$87,473
76,938
35,397
11,426
Of the above imports for the week in 1888, $7,376 were
American gold coin. Of the exports during the sane time,
$32,038 were American gold coin.
F oreign T rad e
of
N e w Y o r k —M onthly Statement .—In
addition to the foregoing tables, made up from weekly returns,
w e give the following figures for the full months, also issued
J a n u a r y 28, 1888. j
THB CHRONICLE.
by our New York Custom House,
tne total imports of merchandise.
The first statement covers
IMPORTS INTO NEW YO RK .
1887.
Month.
Dry
Goods.
General
Merchan
dise.
Total Merchandise.
January.......
February.»..
March..........
April...........
May............
June...........
July.............
August,......
September..
October......
November...
December ..
$
,470,387
,294,833
,365,160
,207,903
,770,711
,023,035
801,594
,374,721
.338,876
’,572,808
107,495
¡,580,565
1880.
23,723,616
22,314,321
23,204,084
24,590,455
20,268,431
29,395,320
29,734,941
25,857,301
29,547,577
20,005,729
28,886,274
28,531,192
Total...........(312,076,148J318,125,241
—The Liverpool & London & Globe Insurance Company
publishes its annual statement for the United States branch in
the C h r o n ic l e . The assets January 1, 1888, were $6 793 575*
Total.
the surplus over liabilities $3,041,337.
With this strong
exhibit the Liverpool & London agency in the United States
$
9,410,104 23,389,785 32,799,899 gives every evidence of a continued claim for a very large
°
12,070,425 20,021,316 38,091,741 business in this country.
12,816,725 20,304,401 39,181.188
—The
thirty-eighth
annual
report
o
f
the
Manhattan
Life
Insur
8,560,830 28,613,380 37,179,719
7,689,337 24,775,053 32,464,990 ance Co. of New York will be found to-day in the C h r o n ic l e .
6,881,571 29,228,019 30,110,190 The income for the year 1887 was $2,154,323; there was paid
9,330,756 27,808,768 37,199,524 to policy holdera m death claims, endowments, annuities and
14,248,301 24,227,584 33,475,885
The»£r° 88 Taesets January 1, 1888, were
10,024,223 20,273,593 30,297,810 $11,433,196. Mr. James M. McLean remains at the head o f
8,010,057 28,132,140 30,148,197 this well known company.
8,115,561 28,955,621 37,071,182
—Messrs. Turner, Lee & McClure, the well known railroad
8,286,755 29,515,534 37,802,289 lawyers, counsel for the Farmers’ Loan & Trust Company,
«fee , &c., dissolved partnership on February 1. The new firm
of Turner, McClure & Rolston continues the practice of law at
CUSTOMS RECEIPTS.
the old offices, 20 Nassau Street.
Dry
Gtoods.
lotal.
EXPORTS FROM NEW YORK.
1887.
fully invested now amount to $12,237,283. The usual dividend of 40 per cent scrip is 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.
1886.
$
%
t
January. ••■ 11,159,704 23,748,188 34,907,892
February.. 10,799,604 23,022,778 39,822,442
March....... 9,031,882 31,391,048 41,023,530
April........ 8,287,904 32,856,900 41,144,894
May........... 7,000,003 30,013,830 87,020,499
Jane.......... 0,089,095 84,355,197 41,044,892
July........ 10,599,000 26,118,008 36,717,608
August...... 14,913,030 29,372,693 44,285,729
September. 10,532,560 25,445,287 35,977,847
October... 10,203,940 29,268,492 39,532,438
November . 7,004,738 31,579,774 88,584,512
December.. 8,254,603 20,110,420 34,370,929
Total.... 121,743,445 343,289,827 465,033,272
Month.
125
General
Merchan
dise.
At New York.
Month.
January............
February.........
March...............
April...............
May..................
June.................
July............. ..
August............
September.......
October..........
November........
December.........
Total...........
1887.
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 12,605,425
15,602,350 14,820,578
13,825,754 12,936,504
12,380,000 11,501.389
11,437,190 9,781,653
9,789,000 10,534,457
149,123,137 138,800,484
.“ "•^r* J,os®pk Martin, o f 10 State Street, Boston, has issued
his Stock Fluctuations” for 1887 in the usual pa nphlet form,
making an appendix to “ Martin’s Histo y o f the Boston Stock
Market for 88 years. E veryone interested in stocks and
bonds quoted in Boston should have a copy of Mr. Martin’s
publications.
Pneumatic Steering Gear & Manufacturing Company of New York has just issued a handsome pamphlet
with illustrations showing by description and cuts the work
ing o f their apparatus by compressed air. The general
manager’s office is at 3 Bowling Green.
— A t a meeting of the directors o f the Riverside Bank, held
at their banking house, corner of Fifty-seventh Street and
Eighth Avenue, on January 19, 1888, Mr. Floyd Claikson was
elected President and John J, Clancy was elected Vice-Pfesident for the ensuing year.
Messrs. Douglas & Jones, whose card appears in our
columns, have just issued a compact list of choice securities,
with full particulars, for the use of their customers.
.
—The Sutro Tunnel reorganization, accordmg to Mr. Theodore Sutro, is meeting with approval. Already
more than half the entire istue of bonds has bien placed.
The annual statement of the Mutual Life Insurance ComAuction Sales.—The following were sold this week at
? « c / ° f NeT York is made Public, and shows that the year auction
by Messrs. Adrian H. Muller & S on :
loo7 was the most prosperous one this company has ever
Shares.
Shares.
enjoyed. The new business written amounted to $69,457,468.
100 Bank of America. . . . . . 171 %
156 Stuyves’t Fire Ins. Co. 110
or an increase of $12,624,749 over the new business of 1886.
100 Nat. Bk. of Commerce. 167
10 Real Estate Exch’ge &
400 Mechanics’ Nat. Bank. 162
lneassets of the Mutual Life now aggregate the enormous
Auction Room, Lim.. 1261a
200 Merchants’ Nat. Bank. 138
85 Third Ave. RR. Co___2191a
sum of $118,806,851, making it the largest financial institution
100
Nassau
Bank...............151
5
Edison
Electr. Ill’g Co. SO1«
in the world. The company received for premiums in 1887
100 Amer. Exch. Nat. Bk.. 138
40 Liberty Ins. Co______ 100
the sum of $17.110,901, and its total income from all sources
15 N. Y. Life Ins. & Tr. Co. 581
40 Pacific Fire Ins. Co . . 14614
25 Union Trust Co............530
amounted to $23,079,922. It paid to its members during the
35 Howard Fire Ins. Co.. 62%
20 Eagle Fire Ins. Co.......235
27 Impor’s’ & Trs’Nat. Bk. 340
year for death claims and endowments over $8,000,000, and
55 Warren KB. Co............137%,
4 Niagara Fire Ins. Co.. 156%
the total payments to policy holders aggregated $14,128,423.
200 Home Fire In s.l2 5 18®126:l4
50 Hamilton Fire Ins. Co. llO
375 Am. Loan & Tr. Co.99®100
ihis year the State Department required the life insurance
Bonds.
15 Nat. Bk. of Republio.. 137
$21,000 Third Ave. ER., 7s,
companies to compute the reserve value of policies at 4 per
14 Georgia BE. A B ’k’g. Co 199
1890........................103%®103%
iC-e vV?-8tead
Per cen^ as hithereto, which increased the
24 Cent. BR. & B’k’g. Co.. 119
$20,000 Society of N. Y. Hos
liabilities as charged by the Department. Under this cocser20 Nor. River Const’n Co.
4%
pital, 6s, reg., 1888 101 ^ l O l 1«
$30,000 Society of N. Y. Hos
requirement the Mutual Life showed a surplus of 1,000 N.Y.&Calav’rasM’g Co $5
200 Rosier Consol. Copper
pital, 6s, reg., 1889............100%
$6,294,492 over and above every liability.
Co.,with cert, prop’sh. $11
25 N. Y. Loan & Impr. Co. 55 *4
The Montana Central Railway Company’s first mortgage
10 Dakota Improv’t Co... $46
6 per cent gold bonds, due in 1937, are offered for subscription,
100 Caledonian Gold Min’g
Co. (Dakota)______ $162
lhese bonds are guaranteed, principal and interest, by the St.
Jraul Minneapolis & Manitoba Railway Company, and, with • - 1 Consumers’ Coal Co.. $5'25
3125100 Sioux Falls Water
entire confidence in their value, they are offered directly by
Power Co..... .............. $2
that company by the advertisement o f Mr. James J. Hill, the
100 Father De Smet Cons.
Gold Mining C o........$55
^resident, without the intervention of any banking house or
20 Jefferson Ins. Co......... 11913
syndicate. The Montana Central Company is authorized to
20 Bowery Fire Ins. Co... 141
construct the following lines of railroad in that Territory:
768 Iron Duke Mine..65c. per sh.
160 Manuf’rs’ Nat. Bank of
Ureat Falls to Helena, 98 miles; Helena to Butte, 73 miles;
Brooklyn.................... 152*2
Melena to Rimini, 16 miles; Marysville Junction toMarysvi le,
55 N. Y. Life Ins. & Trust
7 miles; Great Falls to Sand Coulee, 18 miles; total, 212 miles,
Co........................ 588®580
in e bonds now offered are secured by a first mortgage on the
bnes. Tenders will be received at t* e office of the CenCompany up to 3 o ’clock on February 2. A 6 per
cent 50 year gold bond, guaranteed by a company like the St.
aul Minneapolis & Manitoba, is, in these days, an exception
WM. EDWARD COFFIN.
ally attractive investment.
$2,000 Metropol’n Gas Light
Co., 6s, 1901. .................... 115%
$2,000 North Missouri RR.,
1st M., 7s, 1 8 9 5 ............... 113
$2,000 Western RR. Co., of
Ala., 1st M., 8s, 1888, guar. 10378
$1,000 Cert, of Indebt., Cent.
RR. & Banking Co., of Ga.,
6s, 1891...............................101
$3,000 Jersey City 7s, reg.,
Improv’t, 1892.......... 10608 & ink
$9,000 Tebo & Neosho RR.
Co., 1st M., 7s, 1903......... 110%
$4,700 City of N. Y., 6s, Park
Imp. Fd. Stock, 1904.1357s Aint,
$12,000 Carolina Centr. RR.
Co., 2d M............................. 63%
aml Jfiaanctal.
WALTER STANTON
M* ssrs. Coffin & Stanton, of New York, who have become
C O F F I N
&, S T A N T O N *
so prominent as dealers in investment securities, and Messrs.
Irving A. Evans & Co., o f Boston, the Municipal In
BANKERS,
vestment Co., of Chicago, and Dent, Palmer & Co., of
London, are offering a $2,000,000 loan of the Cleveland &
11 W A L L S T R E E T , N E W Y O R K .
Lanton Railway Company of Ohio. These bonds run for 30
NEGOTIATE
years from 1887, bear interest at 5 per cent, and are a mortgage on railroad property which the prospectus states has State, m u n ic ip a l, R a ilr o a d , W a te r a n d Gas B o n d s,
* ^ ^ 0 o s t $7,200,000; and on terminals estimated to be
MONEY ADVANCED ON MARKETABLE SECURITIES.
worth $1,500,000, to which will be added the proceeds of this
*»ue The read extends from Cleveland, O., to Canton, O.,
;T *?rar ches to Coshocton and Sherodsvilla, 161 miles in all
SPO K AN E & PAEOUSE
and the present issue is at $12,500 per mile, making thé
interest charge ! ut $625 per mile each year.
(NORTHERN PACIFIC)
r r ? l A t]arjtlc Mutual Co.’s statement for 1887 has been pubiished this week, and will be rt ad with the usual interest by all
tne mends of this old and well-managed corporation. The pre“ H "“ 8 ^ oo^ ao ine r?sks r 7016 $5,060,569 for the year, losses
paid $1,599,468, against $2,206,588 in 1886. The assets care-
FIRST MORTGAGE 6 PER CENT GOLD BONDSFOR SALE BY
E D W A R D S W E E T & CO .,
38 BROAD STREET,
F A H N E S T O C K & CO.*
2 WALL STREET-
TH E
im
[YOL. XLYI*
CHBONICLE.
Cables, 4 87i<g)4 87£. Commercial bills were 4 88@ 4 88^.;
Continental bills were: Francs, 5 21| and 5 19f ; reicnmarks,
95i@95J and 95
guilders, 40|©40i and 40|@40i.
D I T il » E N D S t
The following were the rates of domestic exchange on New
•fhe following diylclenijs have, Recently been announced. :
York at the under-mentioned cities to-day: Savannah, buying
Books .Closed,
When
Per
par; selling
premium; Charleston, buying par; selling
Name o f Company.
(Days inclusive.)
Cent. Payable.
£ premium; New Orleans, commercial, 50c. premium; bank,
R a ilro ad s.
par; St. Louis, 90c. premium; Chicago, 40c. premium.
1
Feb.
2
Cœur d’ Alene (quap)....................
Feb. ip Feb." 1 to Feb. If)
N. Y‘. P ro v .& Boston (quar.)........
The rates o f leading bankers are as. follows:
| p a w k m '
B an k s.
Com Exchange...............................
Gërinan Am erican........ „ —
—
' ' M iscellan eou s.
X Y. «Sherry Coal <$ Iron (quar )
Prov.&S|on. Steamboat Co.(quâr.)
I&frress'Cd; (qua*.)-.'....-..;...
WhitebreastiFnel (quar.) — — ..
© a d e lt e .
5
3
Feb.
Feb.
1 Jan. 26 to Jan. 31
1 Jàn. 25 to Feb. 1
1
2,1«
1%
1%
Feb.
Feb.
Feb.
Feb.
10 Jan. 31 to Feb- 10
10 Feb. 1 to Feb- 10
15 Feb. 4 to Feb. 15
10 Feb. 4 to Feb. 10
January 27.
Sixty Days.
4 85
4 83 @4
Documentary commercial............ ............ 4 82%®4
5 21 >4» 5
403la@
Amsterdam (guilders).. . . . . . . . . . . .
93% ®
Frankfort or Bremen (reicbmarks). —----
Prime bankers’ sterling bills on London«.
Demand*
4 871«
83%
83
200s 5 18% ®5 181«
4Q% 4038*407,*
9538
WALL STREET, FRIDAY, J^n. 27 ,1 8 8 8 -5 P. M.
The Money Market and Financial Situation.—The gen
Coin».—The following are quotations in gold for various coins •
971«
eral tone of affairs at the close of this week is rather stronger Sovereigns............ $4 84 @$4 88 iFine silver bars.. — 963s®
N ap oleon s...... .. 3 84 @ 3 89 Five francs.. . . . . . — 93 ® — 95
than ^ $?y previouS time this, year. The large sales of bonds X XKeichmarks.. 4 74 ® 4 80 Mexican dollars.. — 75 %® — 76%
Do uncommero’l — 75 ® — —
X G u ild ers..!..... 3 96 -a 4 OO
■at the Board and from bankers’ hands continue to be,the chief Span’ll
Doub)oops. 15 60 @15 75 Peruvian sols,.... — 74 @ — 75
70 English sllvfer— 4 75
® 4 85
poipt of ipterest in the financial situation, apd ip this respect Mex. Doubloons..15 55 @15
------ F i n e gold b a r s . . . .
p a r @%prem. U7s. trade dollars*— 74 ®
there is more activity than we have seen for a long time past.
* Now demonetized.
This buying of bonds at rising pripes indicates a confidence
The closing prices at the N. Y. Board have been aa follow s;
ip the capapity of railroads to earn their interest, even if sfW«
Interest Jan. Jan. ■ Jan. Jan. Jan. Jan.
o f them should have to reduce their dividends, and it is possi
27 ;
26.
24
25.
23.
Periods 21.
ble that this very argument has an influence in checking the
Q.-Mar. *108 *108 *10713 *10713 *107% IQS
4%
s,1891...........
reg.
ri^e of sopie of the TVestern railroad stocks, as the publip wish 4%S, 1891........ ooup. Q.-Mar. *108 *108 *10713 *10713 *107% '108
*126% *12618 *i25% 125% 125% 126
to see how successfully they will be able tp carry their new 4s, 1 9 0 7 ....... —.rég. Q.-Jan.
I25ia 1261$
4s, 1907........... coup! Q.-Jan. *12614 126 *125% 125% ‘ 119
'119
6», eur’ey,’95—..reg. J. & J. *120ia *120 *11913 *119
mileage apd keep up their dividends.
*121
*12113
'121
*121
curacy,’9 6 ....reg! J. & J. *12213 *122
*123
>123.
The Gould stocks, in their facility of declining sharply with 6s,
“123
*124
*123*3
*12413
J.
&
J.
6s, cur’cy, ’97— reg.
*125
cur’cy, ’9 8 __ reg. ¡J. <te J. I*i26i3 *126 *12513 *125 *127 *1251«
out any apparent cause, have been for the Pa?^ yeaf a constant 6s,
*128 ^
1*127
1*128
1*12713
*12813
I
j
.
<
fe
j
.
6s, cur’cy ,’99___teg.
menace to the market. Nothing is known of their receipts
* This Is tbe price bid at tbe morning board; no sale was made.
from month to month; holders are quite in the dark as to
United States Bonds.—Government bonds have been $$1
whether interest or dividends are being earned, and under though transactions improved a little to-day. Prices have
these circumstances it is possible, for such stocks to be jumped been weak and irregular, and tbe 4s are a little lower than a
up or, down ten points in a day without any regard to the rest week ago, wbiletbe 4-J-s are about the same. The bids for thp
o f the market. The only way is tp let their mpvements bq 6s are much lower than last Friday.
disassociated from the rest of thp list, and tp regard them as
State and Railroad Bonds.—State bonds have been a trifle
specialties whose fluctuations should npf affect the value °f more active at times, and the business of the week has amounted
to a larger volume than usual. The only class showing any
other stocks.
Some of the trust companies have this week reduced their pecial activity has been Tennessee settlement 3s, which have
suled strong, and advanced several points during the week.
rate pf interest on demand loans from 5 to 4 ppr, cent.
They close at 70|, against 69J last Friday.
The open market rates for call loans during the week on
There is still a brisk demand for railroad bonds, ana the
stock and bond collaterals have ranged from 1 to 4 per cent, business of the week has amounted to a considerable total.
and to-day the rates were 2 i@ 3 per cent, Crime commercial Tbe transactions are not by any means confined to the Stock
Exchange, as many large issues of bonds are being disposed of
uapep is quoted at 4 f @5£ per cent.
by bankers. Tbe busines s in this connection is reported to be
The Bank of England weekly statement on Thursday showed large and the foreign demand has also been considerable dura gain in specie.of £662,000, and the percentage of reserve to in<?the week. On tbe Exchange ¡the tone of the bond market
liabilities was 45'60, against 42'85 last week; the discount has been irregular, and the rise has not been so general as it
rate remains unchanged at 3 per cent. The Bank of France was a week or, two ago. Many classes have reacted somewhat
from tbe highest points touched, though the majority continue
gained 2,250,000 francs in gpld and 400,000 francs in silver.
firm and not a few have shown marked strength, including
The New York Clearing House banks in their statement of Nickel Plate lsts, St. Louis Arkansas & Texas lsts, some
January 21 showed an increase in surplus reserve of $q, 133,200, of the Oregon companies’ issues, San Franci-co bonds, Texas
the total surplus being $20,914,475, against $15,791,275 the & Pacific bonds, «fee. Athough these are some of the bonds
in which the rise has been most consp;cuous, many others
previous week.
have improved, and the market, as a whole, is strong.
. The following table shows the changes from the previous
R ailroad and Miscellaneous Stocks.—The stock market
y&aek and a comparison with the two preceding, years in the continues extremely dull, and business during the past week
averages of the New York Clearing House banks:
has been on a small scale. There is not a general demand for
stocks as yet, and the transactions are confined mostly to the
1886.
1887.
Diffr’nc's
f
r
’m
1888.
room traders, and fluctuations take place according to their
Jan. 23.
Jan. 22.
Prev. Week.
Jan. 21.
operations. The tone has been irregular, though the changes
$
$
$
1 have not been important in either direction—at least for the
$
338,6
«7,700
351,448,200
Dec.l,406.000
354.767,900
Loans and disç’ts.
98,284,300 I majority of stocks. The Gould stocks were conspicuous for
Bpeèie—____- ....... 80,110,100 inc .3,066,100 89,798,500
9,690,400 weakness at one time, and they, including Manhattan, were
7,865,400
7,604.400 Dec. 297,100
Circulation...........
Net deposits........- 375,048,500 Inc. 1,816,000 380,060,900 389.832.700 the weakest stocks on the list. They have recovered their
34,287,600
24,013,100
Legal tenders. . . . . 34,566,500 Ino.2,511,100
decline, however, and the downward movement was of no
Legal reserve....... 93.762,125 Ino. 454,000 95,015,225 97.458,175 special significance. Manhattan has been very irregular and
Reserve beld........ 114,676,600 Inc .5,577,200 113,811,600 132.571.700
has fluctuated widely. The coal stocks, after sqme irregularity,
Surplus................. 1 20,914,475 Ino.5,123,20Oj 18,796,375 35,113,525 showed considerable strength in the latter part of the week,
when the whole market improved in sympathy, and showed a
—-------- o
VT
” *
This was partly due to the
d m a n d has not been brisk at any. time,. Hates have been perceptibly stronger tone.
covering of shorts, but the rumors of a possible settlement of
somewhat irregular, and actual rates nave dccliued a little,
tbe Reading strike also had much effect. Tbe sharp adyanoe
though no changes have been made in posted rates. The sup of Delaware <fe Hudson was a feature, the report of the com
ply of security bills has been liberal, though commercial bills pany showing a large increase in earnings over last year. St.
have continued in limited supply. Some drawers have been Paul was also more active and stronger, some quite heavy trans
actions having taken place in the stock partly for the account
asking ^c. higher tiian thç posted ratçs quoted last Friday,
of Chicago operators who 6TP reported more bullish.
though this higher rate was not maintained to-day, the rates
To-day, Friday, the market held its strength, Jersey Central
coming to the front in the last hour and selling up to 80J, and
being 4 85 aqd 4 87J.
To-day the rates op actual business were as follows, viz. : 1the rest of the list generally closing near the best prices of the
Bankers’ 60 days’ sterling, 4 84£@4 8 4 demand, 4 8 6 f@ 4 87. day.
J a n u a r y 28, 18£8 J]
THE CÄRONTfeLF.
Ì2 T
STO C K S-PRIC E S AT N. Y. STOCK EXCHANGE FOR WEEK ENDING J A N . 2 7 , A n S SINCE JAN. 1, i& 8 .
¡A c t i v e IC R , S t o c k s .
Atlantic & pacific.. . . . . . . . . . . . *1018 103s *10
10% 10% 10% 10 % 10 % ' *10 10 %
10 % 10 %
10 Jan. 17 10% Jan. 1G
CgOqdian Pacific,____ __ 1_____
'60% *-62
*60% 61
60% 61% x58
58
59
59%
58 Jan. 26 62% Jap. 3
Ct^acla g o u t b e r i ì . ___
53% 53% 53% 53% 53% 53%I 53% 54%_ 54%
65%
Central of New Jersey...........
53%
Jan. 25
Jab. 9
77% 78%
77% 78% 78% 79
78% 80%' 15;500 75 Jan. 3 56%
CetiisraÜ ¡Pacific.., r__ . . . . ___ __ 31
80% Jan. 27
*31
31% 31
31
31% 31% 31% 31% 31% 32%|
1,222 30% Jan. 19 33%
Chésapeakè & Ohio.. . . . . ___
Jafi.
10'
*3% 4%
*3% 4%
*3% 4%
?3% 4% *3%
4%
......
4 Jan. 18 4% Jánl , 7
Do
1st pref.
9%
9% 10
10
9
9
*8% 10
*8% lO
452
7
Jan.
4
LD ° :
, 2d pref..
10
Jan.
24
5
5
5%
5% *5
6r
*5... 5% *5, ,, .5%
124 4% Jan. 12
Chicago Burlington & Quincy. *12814 129
6 Jan. 20'
129% 129% 129 129
129 129% 129% 129% 130% 130%
884
Jan. 6 130% Jan. 27
Chicago. Milwaukee & St. Paul.
74% 75% 75
75% 75% 75%! 75% 76% 76% 76% 137,311 127%
74 Jan. 4 77% Jan. io
_ .f; i.Do . I
,
pref.
115 115 *114% 115
115
1Ì5.,
¡*114%
115
•115 1153ft1
QQA 112% Jan.
Chicago & Northwestern........
4 115% Jqn. 16
107% 109% 108 108% M ______ 108% 109
509% t 0 § ? 18^994 lOß% Jan! 4 109% Jan. 27
.PP, , ;
pref.
145 145
143 143
144% 144%
*143% JAS
145
144k,
i44io*T43io
.........
306 l4 o% Jan
Chièago Rock Island & Pacific.
6 145 Jan. 23
113% 113% 112% 113
113
113
112%
113%
113%
114^2
ft
1,606 l i l % Jan. 6 114% Jan. 27
Chicägp St. Loùis & Pittsburg. *13
15
*14
15
*14
15
*14
15
13 Jan. ,4 14% Jan. 10
¡.Do
, ,
pref.
*37% 39
36
37
38.; 38
37
37%
950 36 Jan. 24 38% Jan. 6
Chicago St. Paul Min. & O m ,.. 39
391
38% 39% 38% 38% 39
39
39% 30% 39% 39%
2,405 38% Jan. 23 40% Jan. IO
^
,p p ..
pref. 107% 1081 *107% 109
107% 108% 107% 107% *107 108
109. 109
145 105% Jan. 4 109 Ján. 27
Cleveland Col.Cin.ife Indianap *50
521_ *50
52
*50
52
*50
52 I .5 2 , 52% 52% 52%
400 52 Jan. 26 53 Jan. 9
Colunibus Hocking VaL &Tol.
24% 24%
------*23%
,24%
*23% 25
200 23 Jan. 4 25% Jim. 9
Delaware Lackawanna & West 129% 129% 129% 129% 129% 129% 129% 130% 130 131
131% 131% 61,934 128% Jan. 5 131% Jan. 27
Denver & Rio G., assessm’t pd. * 21 % 22
21% 21% * 21 % 22
21% 21% *21%
■ 22
I
*21% 23
400 21% Jam 23 23, Jan. 6
n , PO :
pref. '¡ r .z . 5 3
*51% 53,
52% 52% *51% 53% 53%
m
53%
54% 54%
314 52 Jan. 20 54% Jam 10
East Tennessee Va. & Gä. R’y. *10
10 % 10% 10%
10
10 %
10
10
'10 , 10% 10% 10%
495
10 Jan. 3 10% Jan. 12
pò
l i t pref. *58
61
*58
61
50% 59% 59% 59%
61
*59, 61
300 59% Jan. 25 62% Jan. 1&
- -.¿j- D,p
2d pref.. *22
23
21% 21% 21% 21% 21 % 21 % ' ’59%
22
22
* 21 % 22 %
540 21% Jan. 3 23 Jari. 7
Evansville. & Terre Haute....... *85.
89
*85
89
*85
89
*85
89
8 7 . 87. *88 . 89
100 87 Jan. 20 88% Jam IO
Fort, Worth & Denver City., . .
41% 41% 41
40% 41
41% 40% 41% 41% 42% 42% 43
3,165 40% Jan. 20 46% Jam 3
Q
Q
Green Bay Winona & St. Päül.
9
9
9
9
9
9%
1,150
Illinois Central.. .................. .. 1T9 119k *118% 119
, , 8 % Jam 4 9% Jan. 27
119% 119% 119 119
119% 119% 120 120%
904 116% Jan. 6 120% Jam 27
M ¡B lo o m . & .Wesjt.......
Í3
13
*13
14% *12
14
*12
13% *12
13% n 2 % 14
200 13 Jan. 21 14 Jan. 20
Kijn’gston & Peinhroke.. . . ____ *27% ........ *27%
*20
*28 . . . . . .
Lake Erie & Wèstern...............
27% Jan. 16 28 Jam 14
*14 »4 15% 14% 14% 14% 14% *28
*14% 15
15% 15%
300 14% Jam 24 15% Jäm 9Do
,
pref.
44% 44% *44
44% 45% 45% *45% 46
46
46
450
44
Jan. 20 47 Jan
Lake Shore & Mich. Southern. 92% 92 7i 92% 93
92% 92% 92% 93
92% 93
93% 93%
9,965 92% Jan. 24 95% Jan. 9
Long Island........ ..................
91
91
*90
91
*89% 91
89% 89% 90% 90% 89% 90
610
89
Jam
9
Louisville & Nashville............
61
61% 60% 61% 60% 61
Järi. 5
60% 61
60% 61% 61
61%' 24,760 60% Jan. 20 91.
Louis. New Alb, & Chicago... *36
§4% Jan. ,9
40
*35
40
*35
40
*35 . 40
*35
40
*35
40
39
Jan.
10
Manhattan Elevated, consol..
39 Jam IO
89% 90
86% 89
85% 88
86
87%
87%
90
89%
90%
6,022 85% Jan. 24 96 Jan. 10
Memphis & Charleston...........
52 Jan. 9 53% Jàm 0
Michigan Central..... ...............
82% 83%
83% 83%
83% 83% 84
2,805 82% Jan. 20 87%
84%
Mil. Lake Shore & West. 1. ,2. *75% 78
Jqn. ,9
76% 76% 76% 76% *76
80
77
77
76%
76%
510
76%
Jan. 24 80 Jan. IO
Do
pref
100 100
99
99
101% 101
*98 101
101 101%
525
99
Jan.
23
Minneapolis & St. Louis._____
104%
Jan. 5
7%
7%
*7
8
8
*7
8
100
*7
8
5% Jan. 3 9% Jan. 11
, r. Do
pref.
*15
17
*15
17
*15
17
*15
17
16
16
200 16 Jan. 5 17%
Missouri Kansas & Texas___
Jan.
9
17
17% 17
17
16% 17
16%
% 17
17% 17% 17% 2,105 16% Jan. 25 18% Jan. 5
Missouri Pacific......... ...........
83% 84
82% 84% 82% 83%
% 84% 85% 84% 85% 52.705 82% Jan. 20 89%
Mobile & O h io .... . . . . . .
i
Jan.
3
*11
14
12
12
*11% 13
*12
14
13% 13%
150
9% Jan. 6) 13 % Jan. 27“
Nashv.Chattanooga & St.LouiS 79
79
*78
79% *78
79
79
79
79
79
1,200 76 Jan.
79% 79%
New York Central & Hudson I
80 Jan. 9
107 107% 107% 107k 107 IO1; 4 107% 107% 107%
1,874
108
107 Jan.
New York Chic, & St. Louis..
108 Jan. 9
16% 16% 17% 17k
17%
h
a 17
17
1,073
17%
17%
16%
Jan.
Do
1st pref
17%
Jan. 27
68% 69
*69
70
*69
71
70% 72
230 66% Jan.
71% 73
Do
2d pref..
73 Jà'n. 27
*33
34
*32
34
*33
Ü 33% 33% 35
475 31% Jàm
35%
New York Lake Erie & West’ll 27% 27% 27% 28
36
Jäm 10
27% 27%
8 28
28%| 28% 28% 27,310 27% Jan. 20 29% Jan.
Do
pref. *60
0
62
62% 62%
63%
65
1,310
64%
64
%
61
Jan.
20
New York & New England..,.
65%
Jam
36% 37% 36% 37% 36
37
36
4 36% 37% 37% 37% 17,140 36 Jan. 24 39% Järi. 10
New York Ontario & West.....
IO
17% 17% *17% 17% 17%
8 17% 17% 17% 18
414 16% Jan. 4 18% Jäm 9
New York Susq. & Western...
*8%
9%
8%
8 % *8%
4
8% 9
825
9
9%
8% Jan. 4
_ Do
prefi 31% 31% *31% 32
9% Jah. 7
*31
32
i
31%
31%
31%
32%
1,925
Norfolk & Western.................. 17
29% Jan. 5 32%Jah. 27
17
16% 17
16%
16%
16%
16%
815
17%
17%
15 % Jan. 20 17% Jan. 27
- t,, D o
pref. 43% 44
43% 44% 43% 43%
i 44% 44% 44% 45% 10,400 42% Jan. 4 45% Jäm 27
Northern Pacific................ . : * 2 1 % 22
21% 22
21 % 21 %
21% 21% 21% 21% 2.705 21% Jan. 25 23 Jan. IO
Do,
pref. 46% 46% 45% 46% 45% 45s! 45% 45 7i2 45%
46
6,116 45% Jan. 20
46
46%
Ohm & Mississwpi.. . . . . . ____
23% 23% 23% 23%
Jan. IO
23
23% 23% 23% 2,100 23 Jan. 5 47%
22% 22% 21 % 22 % 2 1 % 22
Oregon & Trans-Continental.,
24% Jäm 6
22%
22
%
22
%
6,507
22%
20% Jan. 4 22% Jäfi. 18
Peoria Decatur & Evansville j *19 ........ *19% 20% 19
20
*19%
20%
20%
*20
21
40 19 Jan. 19
Philadelphia & Reading........
Jaii. 11
64% 64% 64% 65% 64% 65
65% 66% 65% 66% 200,830 63% Jàm 20 23
Richmond & West P’t Terminal 22% 22% 22% 22% 22
66% Jam 11
22%
22% 22% 22% 22% 20,160 21% Jan. 25 23%
Jan.
9
_ u. Do
pref.
55
55
55% 55% 55% 55% *54
55% 56% 56% 56%
1,415 55 Jan. 6 57 J an. 9
Romo Watertown & Ogdensb’g 85
85
85
85
*84% 86
851
85% 85% *85
87
518 84 Jan. 9 85% Jan. 20
“ t Louis & San Francisco......
36% 36% 36% 36% 36% 36% *35
36% 36% 36
925 35% Jan. 6 36% Jan. 5
36%
Do
pref. *70% 71% 71% 71% 71% 71% 72
72
71% 72% 72% 72%
1,274 70% Jan. 20 72% Jam 18
_. _ Do
le t pref. 112% 112% 109% 112% *109% 112% 112
112
*110
113
165 112 Jan. 25 116 Jan. 16
112%
112%
St. Paiil & Duluth.......... ........ *60
61
60% 60% 61% 61% 60
62
*60
62
105 60 Jan. 20 62% Jan. 3
*59 .61
Do
pref. 103% 104% 103% 104% *103% 105
104 106 *104 106
L04
104
225
100% Jan. 3 104% Jan. 19
S t PaulMinneap. & Manitoba! 109 110% 112 114% 111% 113% 112
112% 112% LI3% 113 I 8,187 109 Jan. 18 114% Jan. 23
T e x a s * Paciflo...............
25
25
24% 25% 24% 24% 25
25
25% 25% 26%
7,472 24% Jan. 20 26% Jam 10
Union Pacific.
56% 57
56% 57% 55% 56%
56% 57
56% 57% 55,907 55% Jan. 24 58%Jän. 3
Wabash st. L. & Pacific
*15
15% 15
15
*14% 15
*14
15
14% 15% 15% 15%
1,525 14% Jam 26 16 Jam 3
__
Do
pref. 27% 27% 25% 27
26% 26% 26
27
26% 26% *27% 28
2,020 25% Jan. 23 28% Jan. 8
Wheeling & Lake Erie_______
50
51
51
51% 49% 50% 50% 51
50
51
1,700
50%
51
44% Jan. 3 54% Jän. 10
M is c e lla n e o u s S t o c k s .
Colorado Coal & Iron.......... ‘
*35
35% 34% 34% *34% 35%
35% 35% 37
i;800 34% Jan. 20 37 Jari. 27
Consolidated Gas C o.. .......
76% 77% 76% 77% 76% 76% 76% 76% 35%
76% 76% 76%
2,881 75 Jan. 3 78 Jari. 18
Delaware & Hudson Canal___ 106% 107% 106% 106% 107 107% 107 107% 76
108 109% ;L09% 110% 17,372 103 Jan. 3 110% Jan. 27
Oregon Improvement C o.. . . .
54% 54% 54% 54% 53% 53% 52
52%' 52
52%
1,480
52
52%
45% Jan. 5 55 Jam 18
Oregon Railway & Nav. C o... 94
94% 94
94% 93% 93% 93% 93%) 93% 93%
94
3,495 89% Jan. 5 94% Jan. 21
Päclfic Mail........
35% 35% 34% 35% 34% 34% 35% 35% 93%
35%
35%
8,980
34% Jan. 24 37% Jari. 16
Philadelphia Co.; Nat Gas'
. . . . . . 99%
* ......... 100 %
: 1
%
25 99 Jan. 18 102 Jan. 5
Pullman Palace Car Co.......... 141 142
141% Í42% 141% Í4Í% 142% 142% 14 2% 142% ì----- : 100
143%
2,403
140
Jan. 5 143% Järi. 27
Western Union Telegraph___ 77% 78
76% 78
76% 77% 77% 77% 77% 77% 77% 78% 44,366 76% Jan.
E x p re ss S tock s.
23 79% Jari. 9
Adams
............................ 140 145
145 145 1 40 145
144% 144% *140 145 *1 40 145
American............. ................. ; »|*io7 109
15
143
Jan.
9 145 Jam 23
107% 108% *107% 109
108 % 108% 108 108
108 108
238 106% Jari. 3)108% Jäm 25
United S t a t e s ., ___. . . . ! ! ! ! ! !
74
74
72% 74
72
73% 73
73
72
73%
72%
73%
Wèlls, Fargo & Co___128
1,633
67
Järi.
4|
74 Jam 20
130
129 129
128 128 *128 132 *128 131 *128 132
.In active Stocks.
121128 Jan. 19 l3 0 Jari. A
American Tel. & Cable Co...
71
71
*70% 72
71% 72
73
73
*72
72%
Ghicago & Alton ................ . :. 137 138
420 70 Jan. 12 73 Jari. 2 «
138 138
136 140 *137 138
138 138
Chicago & Ind. Coal R’y, pref,
360 135 Jam 9 138% Jam '28
*90%
95
*90%
95
91%
91%
Cincin. Ind. S t Louis & Chic
200 91% Jam 27 04 Jan. 9
*76
78
*76 ........
75% 75% 76% 76% *76 . ...
Cincinnati Wash. & Baltimore.
176 75% Jam 25 77% Jam 5
*3% 4%
*3% 4%
*3% 4%
*3% 4
il . Do
pref.
3% Jan. 9 4% Jäm 9
*6 %
6%
*6
6
%
6% 6 %
6
6
Cleveland & Pittsburg, quar. 156% 156% *156
325
6 Jan. 9
6% Jan. 16
*156 . . . . . . 156
*156
156 156
Illinois Central, leased line
314
153
Jam 5 157 Järi. 19
*94%
95%
‘ 94
96
95%
95%
Marquette Hough. & On., pref.
93%
Jam
250,
96
Järi, 4
*86
90
89
89
*89 93
90
90
Morris & Essex.....................
464 83% Jam
90 Jan. 27
139% 139%
Oregon Short Line........
77 135 Jan.
139% Jam 27
*16% 17
-5Q 15 Jan.
Pitts. F t Wayne & C hic,,.......
.17% Jan. 20
*152
152% 152% 152% 152% 152% 152%
159 151 Jan.
Pittsburg & Western, p ref....
153 Jam 17
37
37
f------- 37
2Q0 37 Jan. 25 38 Jam , j9
Quicksilver Mining C o.. . . . . . .
11% 10% 11
11 % 11 % 11% 11% *11
12
1,900 10 Jam 5 13% Jän. 12
.•¿i. Do
pref.
35% 35%
300 33% Jan. 4 38% Jan. ;10
St. Louis A lt & Terre Haute
37
37
37% 38% *37% 39
*37
40
300 36 Jan. 19 39 Jam 11
S t Louis Ark. & Texas............
16%
South Carolina.....................
13% Jan. 9 16% Jam 16
10
*8
*8
10
9%
9%
400
Whitebreast Fuel C o.. . . . . 1 "
8 Jan. 17 9% Jari. 27
100 88% Jam
Columbus & Hocking Coal...
89% Jan. 28
27% 27% 27% 28
27% 27%
2,110 26% Jam
JCepuessee Coal & Iron ...
30 Jän. 9
29% 30
30% 31% 31% 31% 5,969 27% Jan.
V a rio u s Stock s. A c . (Uni
31% Jam 26
Amer. Cotton Oil T ru s t....... 33
33%
32% 33
32% 33
32% 3è% 32% 33% 9,710
Jan. 4 34% Jäm 17
Pipe Line Certificates___.....J 91% 93%
86% 89% 85% 88% 87%, 89 i 8 6 % 8 8 % ¡¡0774,000 29%
85% Jan, 17l 97% Jan, i o
These are the prices bid and asked; no sale was made at the Board.
[VOL X LV I,
THE CHRONICLE.
128
BON D S-LATEST PRICES OP ACTITE BONDS AT N. Y. STOCK EXCHANGE. AND RANGE SINCE JAN. 1, 1888.
Range since Jan. 1.
Closing.
Railroad, Bonds.
Jan. 27 J an. 20
Lowest.
Closing.
Railroad Bonds.
Highest.
Jan. 27 ran. 20
Range since Jan. 1.
Lowest.
Highest.
Mil. Lk.Sh. & W —1 st,6s, 1921. 119 b* ........ L19*2 Jan L20*2 Jan.
27*2 Jan.
Mi
26*2a. 26 Jan.
AtL & P a c —W. D. ino., 6b, 1910 27*2
Ashland D iv —1st,6s, 1925. . 113 b. L16 a. L1678 Jan. L1738 Jan.
32 Jan.
80 Jan.
81 b. 31
Guar., 4 b, 1937.......... ¿•*Vo3ia 107
Milw. & Nor.—M. L., 6s. 1910.. 109 b. L09*2b. .05*2 Jan. n o Jan.
M
1 06 b. 105*« Jan. 1 )7 Jan.
Can. South.—1st guar., 5s, 1908
.04% Jan. .08 Jau.
07*2
Extension, 1st, 6s, 1913........ 108
94*2 jan .
92*4 Jan.
94
93*2
10 jan.
2d, 5 b, 1913............
M
Minn.
& St. L.—1st, 7s, 1927— 108 b. ......... .05 Jan.
Jan. 108*2 Jan.
Central of N. J.—1st, 7s, 1890.. 108*6 108 b. 107*8
Imp. & Equip.—6s, 1922........ 55 b. 56 b. 53 Jan. 55 Jan.
116*2b. 115*«b. ] ll* s Jan. 1 16*2 Jan.
73*4
Jau.
Consol. 7s, 1899.... .........
68
Jan.
69*2
70*4
Mo. K.&Tex.—Con., 6s, 1920...
M
119 b. 118% 1 15 Jan. 119 Jan.
Convert. 7 b, 1 9 0 2 .........
63*4 Jan.
60
59 Jan
60%
__
Consol., 5s, 1920......... .
98 b.
Convert, deb. 6s, 1908..
.06*2
Jan.
.06
.04*2
Jan.
105*4
Consol., 7 b, 1904-5-6................
98 Jan. 1Ò6*« Jan.
99*2
100*2
General mort., 5s, 1987
.10*4 Jan.
Mobile
& Ohio—New, 6b, 1927 .. 112 b.
M
13*2 Jan. 1l4*s Jan.
114*2 114
105*2
Jan.
L05%b
105
b.
105*2
Jan.
1st, Extension, 6s, 1927.........
102*2 I 02*2 :L01*2Jan. 102*2 Jan.
Am.’ Dock & Imp., 5s, 1921.
1st pref. debentures, 7 s .......... 46*4b. 44 b. 45 Jan. 46*2 Jan.
113%b. ] 13 %b. : 13*2 Jan. 114*s Jan.
86*4
Jan.
86
85*¿
84*2
Jan.
Mutual Un. Tele.—S. f., 6s, 1911
M
115%b. 315 %b. L145gJan. ) 14 5g Jan.
San Joaquin Br. 6b, 1900.
Nash. Ch. & St. L.—1st, 7s, 1913 128 b. L27*2b. L28% Jan. L30 Jan.
N
103
.......... .02 Jan. 103% Jan.
Band grant 6b. 1890........
jam
L05
L05
b.
....
.
.
.
.
L04*4
Jan.
0358 Jan.
N .Y. Central—Extend., 5s, 1893
.......... L0278 Jan.
10358
Morfc. 6s, 1 9 3 6 ..........---*
132% Jan. L34*2 Jan.
N.Y.C. &H.—1st, cp., 7 b, 1903 134 b. L34
L0938
L<»9*2
Jan.
109
Jan.
L09
b.
Debenture, 5s, 1904.............
68 b. 65 Í». 67*2 Jan. 69 jam
L32 b. 128*2 Jan. 133 Jan.
N.Y.&Har.—1st, 7s, 1900....... 133
68 b. 69
67*2 Jan. 70 Jan.
90*4
Jan.
88
90
86*4 Jan.
_.Y.Chio.&8t.L.—1st,
4s, 1937..
2778Jan.
N
26 b. 26*2b. 22 Jan.
6b, currency, 19 1 8 .............
114*8 Jan. 117*2 Jan.
N.Y. Elevated—1st, 7s, 1906.... 114 *2b. 115
96 Jan.
N
94
96
90*2
Jan.
126*2b.
127
Jam
127
Jan.
Mort. 6s, 1911............ V --V
N. Y. Lack. & W.—1st, 6s, 1921. 126*2b.
N
.07 b. L05 Jan. : .08*2 Jan.
Ches. O. & So. W.—5-6b, 1911
instruction, 5s, 1923.......... . 108*2 108 b. 10778 Jan. 108*2 Jan.
03 Jan.
Jan.
Chic.Bur. & Nor.—1st, 5s, 1926. IÖ2 b. 02*2b. 102*4 Jan
106
105
10238 Jan.
N. Y. & Nor.—1st, 5s, 1927----- 105*2
N
130*2b. :30*«b. 129*2 Jan. .32 Jan.
109 Jan. 113 jam
N. Y. Ont. & W.—1st. 6s. 1914. 112 b. 113
N
105 b. .0538 104*2 Jan. .06 Jan.
91*2b.
93
Jam
Debenture 5s, 1913 . . . .
91 Jan.
N.Y.Sus.&W.—1st ref., 5s, 1937 93
95 Jan.
N
93 b. 94
94 Jan
Denver Divis., 4 b, 1922.
Midland of N. J.—1st, 6s. 191( 112*2b. 111*2 111*2 Jan. 111% Jan.
i 116%
L1478 113 Jan. .10% Jan.
76*«b. 75*2 Jan. 78*2 Jan.
N.
N O. Pacific—1st, 6s, 1920------ 78*2
98
97 Jan. 98 Jan.
5 97*2
Norfolk & West. - Gen., 6s, 1931 115*2 lli*2 b . 112*2 Jan. 115*2 Jan.
N
7 116*2b. Ll6*2b 114*2 Jan. ,16*2 Jan.
Gh.Mil.& St.P—lBt, I.& M.
116
115*2 Jan. 11650 jan.
116*4
North.Paciflc—1st,coup.,6s,
’21
26
Jan.
N
L25*4
125
b.
123*2 Jan.
Consol. 7 b, 1 9 0 5 ........
102 Jan. 105*2 jan.
Jan.
Gen’l, 2d, coup., 1933............ 105*8 105
1st, So. Min. Div.—68,1910.... 112*2b. 112*2 111*4 Jan L13*4
101
b.
102
*2b.
99% Jan. 102*2 Jan.
L04
Jan
J
S
L03 b. 101*2 Jan.
1st, Chi. & Pao.W.Div—5s, ’ 2*i 104
114*2b.
115
b.
114*2
Jan. 115 Jam
0
LOI
100 Jan. LOI Jan.
Wis.&Min. Div.—5s, 1921... 101
2d,
consol.,
7s,
1911.
LOI
Jan.
Terminal5 b, 1 9 1 4..... . . . . . . . 100*2b. 100*2 100 Jan. L43 Jan.
102
b.
104*2a.
99*2
Jan. 104 Jan.
Ohio Southern—1st, 6s
0
5 142 b. 143
139*2 Jan.
34 Jan.
33 b. 31*2 Jan.
33
2d, ine., 6s, 1921----131 b. 130*2 128*2 Jan. 131% Jan.
Gold, 7s, 1902.......... . . . . .
75
75
Jan. 7« Jam
7478b.
120 b.
Sinking fund 6s, 1929......
991
« Jan.
98
94*4
Jan.
i
99*2
C
109*28. 108 Jan. 110 Jan.
Ï09
Sinking fund 5s, 1929---) 10978b. 110
109 Jan. 110 Jam
C
3 108*2b. I08*2b. 108*8 Jan. 109 Jan.
Sinking fund debent. 5b,
100
Jan.
9b*4
Jan.
97*2
100
Consol., 5s, 1925...........
105 b. 1053s 105 Jan. 105*2 Jan.
25-year debent. 5 s, 1909.
93 Jan. 96 jam
95*8
Oregon
& Transoon.—6s, 1922. 95*4
C
94%
94*4 Jan. 95 Jan
94*4
Jan.
Extension 4s, 1926..........
109
.
107
b.
L06
Jan.
IPeo.Dec. & Evans.—1st, 6s. ’20
131*2 Jan. 132*4 Jan.
7. 131*2 132
Jan.
Evansv. Div— 1st, 6s, 1920. 104*2b. 106 a. 104 Jan. 106
107*4 107*8b. 107 Jan. 107*2 Jan.
Jan.
Exten. & col. 5s, 1934.
75
75
a.
72
Jau.
75*2a.
2d mort., 5s, 1927.................
0 120*s 120
119*2 Jan 120*2 Jan.
59*4
Jan.
Ch. St.P.,M.& O.—Consol
filch
& All.—1st, 7s, 1920, tr. re 0 55 b. 59 a. 55 Jan.
I
2 100 *2a. 100*2a. [99% Jan. 100*2 Jan.
Jan.
113
I
l
l
b.
109
Jan.
5
113
I
4 1245gb. L24*2b. 123 Jan. 123 Jan.
100 b. 100 b. 100 Jan. 100 Jam
Debenture, 6s, 1927 ...
108 b. 106 b. 107*2 Jan. 108 Jan.
Gen. 6 b , 1934................ ■■
110
h.
117
b.
Booh.
& Pitts.—1st, 6b, 1921..
]
102*2 100 Jan. 104 Jan.
Col. Coal & Iron—1st, 6s, 1900. 104
' IÍ5 b. 114%b. 113 Jan. 115 Jan.
Consol., 6s, 1922...........
i 72*2
71*2
70*2 Jan. 72*2 Jan.
108 b. 108 b. 107 Jan. 107 jan.
75
Jan.
]
72
73
70
Jan.
Gen. gold, 6s, 1904.
102 *2b. 101% Jan. 103 Jan.
103
Consol.,
extend.,
5s,
1922.
121
Jan.
119% 119*2 Jan.
0 121
)enver & Bio Gr.—Is
96 Jan. lijO% Jan.
St
g Jo. AGd.Isl.—1st, 6s, 1925 100% 100
79*2
7778
76*2 Jan. 79*2 Jan,
1st con. 4s, 1936 . . .
41 Jam
40 b. 41 Jan.
40
b.
2d,income,
5s,
1925...
74 a. 71 Jan. 72 Jan.
L. 71
112
b.
113
Jan. 113 Jan.
. Hi*
St. L. A lt.* T.H.—1st, 7s,
68*2 Jan.
67 a. 66 Jan.
66
Assented....
109 b 109 Jan. 109*2 Jan.
.
109*2
.5 81 a. 80*sa. 78*2 Jan. 78*2 Jan.
Den. So. Pk. &
103 *4b. 104*2b 103 Jan. 103 Jam
2d., M.,ino., 7s, 1894...
39*2
34*2 Jan. 43 Jan.
.1 41%
Det.Mac>&M.41 a. 38 a 33 Jau. 38 Jan.
Dividend bas, 6s, 1894.
95% Jan. 99 Jan.
97*2
>6 99
98 Jan. 104 ja n .
é 103% 1023a
St.
i L. Ark.
1017sb. 97 J an 101 jan.
2. 104
48*2 Jan.
40% Jan
45*2
.
47*4
2d, 6s, 1936.
JO 136 b.
13578 Jan. 136*2 Jan.
111 b 111*4 109*2 Jan. I ll* « Jan.
1
I l l b. 112
I l l Jan. 113% Jam
112
Jam
Long Dock, 7s, 1893
lo
9
Jan.
110
2d mort., 7s, 1897.
113 b. 116%a 116% Jan. 117 Jan.
Con. 68,1935.........
1 105 b 105*4b 105 Jan. 105*2 Jan.
99
97*8 Jan. 9978 Jan,
39 99*2
92*2
Jau.
89
b
89
Jan.
90*2
Gen. Ry. & land gr., 5
82 Jan.
80%
79 Jan.
21 82
»6 117 b 115*ab 113*4 Jan. 118 .Jan.
St. L. & San F r .- 6s., Cl
LO 106 b. 105 b 105% Jan. 106 Jan.
jan.
118
115
D
11538
Jan.
..
117
b
6s, Class B, 1906.......
104 a 104 a 104 Jan. 105*2 Jan.
2d M., 7s, 1905
.. 117 b 115 b 114 Jan. 118 Jan.
6s, Class C, 1906........
1. 92 a 92 a 91 Jan. 92*2 Jan.
Jan.
115
11314b
WeBt. Division112*2
Jan.
..
114
b
Gen’l mort., 6s, 1931.
2d,6s, 1931...
.. 102*2 100 *2b•10038 Jan. 102*2 Jan.
Gen’l mort., 5s, 1931.
30%
3Ò Jan. 32*2 Jan.
l i 31*2
100*2b•100 Jan. 101 Jan.
..
101
b
122
119 Jan. 122 Jan.
09 121
£). lll% b . lll% b .112 JaD. 112 Jan.
9738 Jan.
97*8b 97*4
96*2 Jan
Gold, 68,1923..
117 Jan. 118*2 Jam
2 d ,6s, 1909.................... .........
31 109*2b 109*4b 108*2 Jan. 110 Jan.
1st
cons.,
6s,
1
9
3
3
...............
.
116 b 115*4 114*2 Jan.
114*4 114*4b 114*4 Jan. 115*2 Jan.
96*ab
96% Jan. 96% Jan.
9634b
Do
reduced to 4128
113% 114
L13 Jan. 1145s Jan.
1st, West. D., 78,1891.......
90 Jan. 91 Jan,
Shenandoah V a l.-1st, 7s, 1909 9212b
114 b 114 b 112% Jan. 112% jan.
lst,W aco& N .7s,1903---36%a
34*2 Jan. 36 Jan.
Gen’l mort., 6s, 1921............... 3412b
2d, consol. M. L. 8s, 1912. ... 108 a 107 ö. 107 Jan. 108*2 Jan,
97 Jan. 100 Jan.
98
b
100
b
So. Carolina—let. 6s, 1620........
Gen. mort. 6s, 1921, tr. re ... 69 t> 66 b . 65 Jan. 67 Jan.
69 Jan. 76 Jan.
2d, 6s, 1931............................... 7412b, 72*2
110*4b
18% Jan.
lnd.BL &W.—1st, pref., 7 s ,l
15 Jan.
17
b
18%
Inc., 6 b. 1931................... . . . . .
lBt, 5-6s, 1909, tr. ree....... ... 87 b 86 b . 85 Jan. 89*2 Jan.
I
l l °s Jan. 113 Jan.
1127s
So. Pac., Cal.—1st, 6s, 1905-12..
71*2b . 71*2 Jan. 71*2 jan .
2d, 5-6s, 1909, tr. reo.......
So. Pac., Ari.—1st, 6s, 1909-10..
East. Div.—6s, 1921, tr. r B.. 86 b . 86 b. 87 Jan. 87 Jan.
105*4 Jan. 107*4 Jan.
So. Pac., N. M .-ls t , 6s, 1911. .. 107%
Income,6s, 1921, tr. ree...
50*2 Jan.
48
47*2 Jan.
Tex. & Pac.—Inc. & Id gr, 7s, ’15 50*2
Y¿ l i ó " 'a . 111*2 Í09 " Jan. 111*2 Jan.
65*2 Jan. 70 Jan.
69
Ss
67*2
Bio
Grande
Div.—6s,
1930—
72 Jan. 77 Jan.
75
. . . 72
61 Jan.
bO
Jan.
Coupon, 6 b , 1909............
59
b
61
1
Gen. mort. &term., 6s, 1905..
75
69 J an. 75 jan.
Kent. Centr.—Gold 4s, 191 .. . 74
85 Jan. 95 Jan.
93
Tol. A.A. & N. M.—1st, 6s, 1924. 94%
25 93*2a . 92 t». 89*2 Jan. 94*2 Jan.
102
Jan.
Knoxv. & 0 .—1st, 6s, gold,
101
Jao.
101
b
100
ToLA.A. & Gr.Tr.—1st, 6s, 1921
L. Erie & W.—1st g., 5s, lì r .. 103*2 103*4 101*2 Jan. 103*2 jan.
80*4b
Tol. Peor. & West—1st, 7s, ’17 . 82
00 127 a. 126 t). 125*4 Jan. 127 Jan.
97%
Jan.
LakeSb.—Con.ooup.,lst,7s
93
Jan.
95
b
Tol. & Ohio Cent.—1st, 5s, 1935 98
.. 124*2t . 1237el). 122*2 Jan. 125 Jan.
Con. coup., 2d, 7s, 19Ó3.
92 b 91*2 Jan. 93% Jan.
Tol.St.L.& Kan. C.—1st,6s, 1916 93
114
Jan.
Long Island—1st, 7s, 1898 . . . 120*4t». 121*41>. 120*2 Jan. 121 jan .
114
Jan.
114*2b
11412b,
Union Pacific—1st, 6s, 1899—
... H I 1). I l l 1). i l l Jan. 111*2 Jan.
1st, consol., 5s, 1931---103 b.
Land grant, 7s, 1887-9............ lo3
J98 120 1». 120 r. 120 Jan. 121 Jan.
119
Jan.
Jan.
Sinking fund, 8s, 1893............ 118i4b 118*2 118
30. HO 1). 109% j. 108*8 Jan. 110 Jan.
112 Jan. 112*2 Jan.
Kan. Pacific—1st, 6s, 1895—
I
l
l
Jan.
Jar.
2d, 68,1930.................... .. . 97*23 ). 97 i. 96*2 Jan. 97 Jan.
109 b. 110
1st, 6s, 1 8 9 6 . . . . . . . . ............. 110
113 1). 114
E. H. & N.—1st, 6s, 1919.
114 b.
Denver Div.—6b, 1 8 9 9 ......
112*4 1. Í09% Jan, 113 Jan.
105
Jan.
General, 6b, 1930............. . . . 113
104
101% Jan.
1st consol, 6s, 1919 . . . . . . . . 105
109 >. 108 Jan 110 Jan.
... n o
Oregon Sh. Line -1st, 6s, ’ 22.. 102 %b. 103 a. 100% Jan. 103 Jan.
10y*2
Jan.
J.
103*2
).
109*2
Jan
.
.
.
103
79*4
Jan.
10-40, 6s, 1924.
Virginia Mid.—Gen. m., 5s, 1936 78 b. 78*20 78 Jan. 47 Jan.
10. 109% 111 a. 109 Jan 112% Jan.
45 Jan.
Wab. St.L. & Pac. - Gen., 6s, ’20 48 b. 47
93
j
an.
90*2
J
an
92*2
..
.
92*8
97
Jan.
Consol., gold, 6 b , 1916.
93 Jan.
95*2
Chicago Divison—5s, 1910... 96*2
90 Jan.
9 2 4 ......... .. 102 j. 100 Jan 10278 jan.
Wabash—Mortgage, 7 s, 1909. 84 b. 84 b 89 Jan
08. 113*2 ). 113 j. 113*2 Jan 116*4 Jan.
108*6
Jan.
Tol. & Wab.—1st, ext.. 7s, ’90 10«*8b. 107% 107*2 Jan. 108*2 Jan.
. . . . 103 U. 105% 103 Jan 105% Jan.
2d, 6 b, 1899.......
107*2 Jan.
108 *4b. 108
1st,
St.
L.Div..
7s,
1889.......
t
>
.
127
Jan
128*2
jan
.
..
128*2
90
Jan.
’0 2 .........
lieh. Central—1st,
88 Jan.
88
2d, extended, 7s, 1893......... 88
.. 105*2 t>. 110 Jan 110*2 Jan.
Consol. 5s, 1902.
83 Jan. 87*2 Jan..
84 b. 83
Con.,
conv.,
7s,
1907............
113*8
Jan.
112
Jan
112
920 112*2
Great West.—1st, 7s, 1 8 8 8 .... 108 b. 107 b.
. . . . 115 }. 117*2 1Ï5 Jan 117% jan.
8d, 7s, 1906...............
88 Jan. 90 Jan.
2d, 7s, 1893........................... 89 b.
. . . 1033s 103 b. 10258 Jan 103*2 Jan.
Pac. of Mo.—1st, 6s, :
9978 Jan. 1007s Jan.
West
Shore—Guar.. 4s............... 1< 07a 100*4
.. 105%b.ll04% 104 Jan 104% Jan.
2d mort., 7s, 1891.
sates price bid, and “ a” price asked; all othe
S T A T E BONDS.
SECURITIES.
■Alabama—Class A 3 to 5 ....... 1906
Class B, 5s............................1906
Class C, 4s,...........
1906
6s, 1 0 -2 0 ..................... ....1 9 0 0
Arkansas—6s, funded.. 1899-1900
7s, Little Rock & Fort Smith, iss.
7s, Memphis & Little Rock, iss..
7s, Arkansas Central RR ............
Georgia—7s, gold................... .1890
Louisiana—7s, cons................. 1914
Stamped, 4 b..................................
Michigan—7 s . . . . . . . . . . . . . ___ 1890
Bid.
Ask.
105*2 107
110
100
103*2
19
20
20
15
105*4 106
100
94
93
106
SECURITIES.
Bid.
Ask.
SECURITIES.
Bid.
Ask.
Rhode Island—6 b, co u ..1893-1894 114
Missouri—6s.......due 1889 or 1890 102
5%
4
South Carolina—6s, non-fund. 1888
Asylum or University, due 1892 107
Brown consolidated 6s---- .1893 105*2
F u n d in g ................. ..1894-1895 108
63
Tennessee—6s, old-......1892-1898 59
New York—6s, loan___.......1 8 9 2 112
71
Compromise, 3-4-5-68....... 1912 69
6 b , loan.......... . — ............1893 112*2
New settlement—6s..............1913 102 105
......
35
North Carolina—6s, old .. . . . . . . J&J
96*2
5
s
.
..
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
A
.
1913
Funding actr.___i ................ 1900 IO
3 p............ - ........................... 1913 70*2 7078
New bonds, J. & J . . . . 1892-1898 20
48
Virginia—os, old.................... —
7
Chatham R R ................................
75
6s, consolidated b o n d s ........
12
10
Special tax, Class 1............... .
60
6s, consolidated, 2d serieB. . . .
95*2
Consolidated 4s.............. ....1 9 1 0 95
9*2
8
6
b
.
deferred,
trust
rec.............
122
6s................
1919 118
January
129
THE CHRONICLE.
28, 1888.]
BONDS-STOCK EXCHANGE QUOTATIONS ON FBIDAY OF INACTIVE RAILROAD B )NPS.
SECURITIES.
Bid.
Ask.
SECURITIES.
Bid.
Ask.
SECURITIES.
Bid.
Ask.
I I t
Pacific RR.—Cent. Pac.—(Con.) —
Eliz. C. & N.—S.f., deb., 6s. -.1921
Bailroad Bonds.
Gold bonds, 6s...................1897 113%
1st mortg., 6 s ........................1920
(Stock Exchange Prices.)^
CaL & Oregon—Ser. B., 6.1892 100
125
120
Erie—1st,
extended,
7s..........
1897
Atch. Top. & San. Fe—4%s ...1920
West. Pacific—Bonds, 6 s .... 1899 110
2d, extended, 5S .................. 1919 114 117
Striking fund, 6 s ...................1911
No. Railway (Cal.)—1st, 6s. 1907 114 115
3d, extended, 4 % s ...............1923 106 110
Beecn Creek-1 s t gold, 4s.-...1936 75
114
Union Pac.—1st, 6s.........1 8 9 6
117
114
4th, extended, 5s_____ ____ 1920
122
Balt. & Onio—1st6s, ParkB ..1919
102%
1st, 6s____ _________
1897 113%
5th, 7s................ .................. 1888 101%
111 %
114
5 b, gold...................................1925
136
1st,
6s.................................
1898
131
1st, cons., fd. coup., 7 s ..... 1920
99
Boat. H. Tun. & W.—Deb. 5s..-19i3
Col. Trust, 6s......................1908 105
Reorg., 1st lien, 6s............... 1908 106%
BrooklynElev.—1st, G., 6 s... 1924 105 107
Col. Trust, 5 s ..................19 0 7 *94
B. N. Y. & E.—1st, 7s..........1916 134% 139
2d, 3-5s..................................1915 80
C. Br. U. P.—F. c., 7 s .......1895 105
iÔéüg N. Y. L .E . & W.—Col. tr., 6sl922 105 106
Burl. Ce. Rap. & No.—let, 5s. 1906
91%
Atch.
Col. & P a c —1st, 6S.1905 105% 108
Funded coup., 5s..................1969
95
Consol. & col. tr, 5 s ........... 1934 90
90
Atch. J. Co. & W.—1st, 6s.1905 104 105%
Buff. & S. W.—Mortg. 6 s ..-.1908 89
Registered......................... ---•
95
116%
117
Ut.
So.—Gen.,
7 s ..............1909 92
Evan. & T. H.—1st, cons., 6s. 1921
Minn. & St. L.—1st 7s, gu ..1927
92
Extern, 1st, 7s ..........1 9 0 9 i 90
Mt. "Vernon—1st, 6s............. 1923 109
Iowa C. & W e s t .-1st 7 s....1909
115%
Missouri
Pacific—
Evans. & Indian.—1st, con s...1926
Ced. Rap. L F. & N., 1st 6S.1920 105
Verd’B
V.Ind.&W.,
1st,
5S.1926
Eureka
Springs
R
’y,
1st,
6s,
g.1933
1st 5s...................................1921 97
Ler. & C’y Val A. L.,lst,5s.l926
Fl’t & P. Marq.—Mortg., 6s. ..1920 118 120
Buff. N.Y.& Phil.—Cons. 6 s ...1921
St. Louis & San Francisco—
Grand Rap. & Ind.—Gen. 5s.. 1924 97% 99%
41
Trust certificates..........................
1st, 6s, Pierce C. & 0 .........1919 105
Registered............................
General 6s,.............................1924
Equipment, 7 s ................1895 105 107
Green B. W. & St. P.—1st, 6s. 1911 99
Trust certificates.......................
120
Kan. City & S.—1st, 6s, g.1916 100 105
Han. & St. Jos.—Cons., 6s...... 1911 119%
85
75
Central Iowa—1st, 7s, Tr. Recl899
Ft. 8. & V.B. Bg.—1st, 6s. 1910
Hous. E. & W. Tex—1st, 7 s ...1898 62
East’ll Div., 1st, 6s............ ..1912
St. L. K.&So.Wn.—1st, 68.1916
Illinois Central—1st, gold, 4S.1951 103 105
Illinois Division—1st 6s.......1912
94%
93
Tex.
& Pac.—1st, 6s ............1905
1st, gold, 3 %s....................... 1951
45
Cons, gold bonds, 6 s ........... 1924
115
1st, 6s, ex cou p on ................... 107
Springf.
Div.—Coup.,..6s,
.
1898
Cent. RR. & Banking Co., Ga.—
112
Consol.,
6s, trust receipts. 1905 102 103%
Div.—Reg., 5 s ........ 1921
Collateral gold, 5s................ 1937 100% 101% Middle
120
Pennsylvania RR.—
C. St. L. & N. O.—Ten. 1.,7s.1897
Ghes. & O.—6s, gold, ser. A . . . 1908 99
120
118
Pa.
Co.’s
guar.
4%s, 1st cp .. 1921 106
1st, consol., 7s . . . . . . . . -----1897
Ches. O. & So. West.—2d 6 s... 1911
107
Pa. Co.’s 4%s, reg.................1921
2d, 6 s ................................ 1907 118
113
Chicago & Alton—1st, 7s........1893
117%
Pitts.
C.
&St.L.—1st,op.,7s.
1900 117
Gold, 5s, cou pon .............. 1951
Sinking fund, 6s....................1903 124
117
2d, 7s.................................1913
Registered..............................122
Louis. & Mo. River—Ist7 s..l9 0 0
Pitts. Ft. W. & C.—1st, 7 s ...1912 139
Dub. & S. C.—2d Div., 7 s . ..1894 111
2d 7s....................................1900 118
78
2d, 7s.......................
1912
Ced. Falls & Minn.—1st, 7s. 1907 72
Bt. L. Jacks.& Chic.—1st, 7s .1894 1141a
3d, 7s.......... ....................... 1912
116 Indianap. D. & Spr.—
ls.t, guar. (564), 7s............1894
103
105
Clev.
&
P.—Cons.,
s.
fd.,
7s.
1900 125
1st,
7s,
ex.
fund,
coupon—
1906
2d mortg. (360), 7s............1898 11412
4th, sink, fd., 6s.................1892 T07
Lake Shore & Mich. So.—
112
2d, guar. (188), 7s............. 1898 11412
111%
St.
L.
V.
&
T.H
.—1st,
g.,78.1897
Cleve. P. & A.—7 s ............... 1892
Miss. R. Bridge—1st, s.f. 68.1912 107
2d, 7s......................
..1898
Buff. & Er.—New bonds, 7s.1898 122 123
Chic. Burling. & Q.—
105 .........
104
2d,
guar.,
7s.......................
1898
Kal. & W.Pigeon—1st, 7 s... 1890
5s, sinking fund....................1901
Det. M. & T.—1st, 7s............1906 129 129% Pine Creek Railway—6s of 1932
Iowa Div.—Sink, fund, 5s. . 1919
71
122
123%
Pitts.
&
Western—1st,
g.,4
s..
1917
9814 Lake Shore—Div. bonds, 7s. 1899 *125
98
Sinking fund, 4 s ...............1919
Pitts. Cleve. & T o l—1st, 6 s... 1922 108
Consol., reg., 1st, 7 s ........ 1900
Plain, 4 " .......... .................... 1921
108
124%
125
Pitts.
Junction—1st,
6s..........
1922
Consol., reg., 2d, 7 s .......... 1903
Nebraska Extension 4s....... 1927 9212 92%
Pitts. McK. & Y —1st, 6 s ..... 1932
Mahon’g. Coal RR.—1st, 5s.1934 *103
Chic. Burl. & N o.-D eb. 6 s ....1896
90*"
Rich. & Danv.—Deb. exep.6s.1927
Long Island RR.—
Chic. Rock Isl. & Pac.—
*110
Consol, mort., gold, 5s........ 1936
N.
Y.
&
M.
Beach—1st,
7
s..1897
87
Des Moines & Ft. D.—1st,4s. 1905
Atl.
&
Char.—1st,
pr.,
7s___1897
N. Y. B. & M. B.—1st, g., 5s.1935
59
1st, 2%s............................... 1905
Incom es............................. 1900
Louisville & Nashville—
Extension, 4 s ..... ..............1905
Cecilian Branch—7 s ............ 1907 107 108% Rich. & W. Pt. Ter’l. Trust 6 s..1897 89% 90
Keok. & Des M.— t, 5 s . . . . 1923 107% 107%
90%
103
San Ant.& Arans.—1st,6s,'85-1916
Pensacola
Div.—6s........
.
..1920
Chic. Milw.& St.P.~
90%
1st, 6s, 1886.......................... 1926 *89
St. Louis Div.—1st, 6 s ........ 1921 116
130
1st, 8s, P. D .......................... 1898
58
Scioto
Val.—1st,
cons.,
7s.......1910
2d,
3s...................................1980
2d, 7 3-10s, P. D .................. 1898 120
50 ....... .
Coupons off..................... .
Nashv. & Decatur—1st, 7 s..1900 117
127
1st, 7s, * g., R. D ................ 1902
St. Louis & Iron MountainS. & N. Ala.—S. f., 6 s .......... 1910 107
1st, La Crosse Division, 7s.. 1893 114% 115%
*109%
110
Arkansas Branch—1st, 7s.. 1895
Louisv. C. & L.—6 s ...........19 3 1
1st, I. &D., 7s....................... 1899 118
99 101
Cairo Ark. & T .—1st, 7s— 1897 I08
5 p. c. 50 year goldbds........ 1937
1st, C. & M., 7s......................1903 124
St. L. Alton & Ter. Haute—
Pens. & At.—1st, 6s, gold.. 1921 96% 100
1st, 7s, L & D. E xt.............. 1908 123
Bellev. & So. 111.—1st, 8s. ..1896 117% 120
Lou. N. O. & Tex.—1st,4 s---- 1934
1st, S. W. Div., 6s.................1909 113
113
Bellev. & Car.—1st, 6 s .........1923
93
4
2d
mort.,
5s.........................1
102
1st, 5s, La C. & D a v ............1919
66
St.
Paul Minn. & Man.—
lBt, H. & D .,7 s .................... 1910 123% 125 Mexican Cent.—New, ass.,4s.1911 20
118
119
Dakota Exten.—6s.. . . . . . . . .1910
20%
Income, 3s............................. 1911
1st, H. & D., 5s..................... 1910 98% 100
Montana Exten.—1st, g.,4s. 1937 82% 83
Chicago & Pacific Div., 6 s..1910 118% 123 Michigan Cent.—6s.................1909 110%
Registered.............................
Coupon,
5s
.
.
.
.
..
.
.
.
.
.
.
.
.
..
.
.
1
9
3
1
98
97%
Chic. & Mo. Riv. Div., 5s . ..1926
Min’s U n —1st, 6s................. 1922 110
Registered, 5s....................... 1931
Mineral Point Div., 5s........ 1910 100 102%
105
St. Paul & Duluth—1st, 5s---- 1931 110
........
1891
Jack.
Lan.
&
Sag.—6
s
*100
C. & L. Sup. Div., 5s............1921
120% Milwauk, & North.—1st, 6s— 1910 109 110 Sodus Bay & So.—1st, 5s, g..,1924
Fargo & South., 6s, Assu.. .1924
Tex. Central—1st, s. f., 7 s ___1909
Extension, 6 s .................... ..1913 107
92 100
Inc. conv. sink, fund 5s....... 1916
70
1st mortg. 7 s ..............
1911
Milw. Lake S. & West.—
92% 96
Dakota & Gt. South., 5s.......1916
90
91% Tex. & N. O.—1st, 7s............... 1905 114 117
Conv.
deb.,
5
s
......................1907
Chicago & Northwestern—
100
Sabine
Division,
1st,
6s.......
1912
114
Michigan Div.—1st, 6s........ 1924
Escanaba & L. S.—1st, 6 s ... 1901 *111
106
Valley R ’y Co. of O.—Con. 68.1921
Minn.&St.L.—I’a Ex.—1st,7s. 1909 90 100
Des M. & Minn.—1st, 7 s ___ 1907 123
Virginia Midland. —lac., 6 s ...1927
100
2d
mortg.,
7s.........................
1891
129
Iowa Midland—1st, 8 s ........ 1900
Wab.
St.
L.
&
Pac.—
Southwest
Ext.—1st,
7
s
---1910
Peninsula—1st, conv., 7s__ 1898 125
Havana D iv.-6s............ ....1 9 1 0
Pacific Ext.—1st, 6 s ............ 1921
Chic. & Milwaukee—1st, 7s. 1898 118 120
Indianapolis Div.—6s.......... 1921
Minn. & Pac.—1st mortg. 5s.. 1936
Win. & St. P.—2d, 7 s .......... 1907 129 131
Detroit Div.—6 s ...................1921 104 106
......
Minn.
&
N.
W.—1st,
5s,
gold..
1934
113
Mil. & M a d .-1st, 6 s ............ 1905
Cairo Div.—5s....................... 1931
Minn.
S.Ste.M.&Atl.—1st,5s..
1926
Ott. C. F. & St. P .- l s t , 5 s ..1909 105% .......
Tol. & Wab.—Equip. bds.,7sl883
Northern 111.—1st, 5 ............ 1910 105 ....... Mo. K. & T.—Cons.,2d, inc---- 1911
90
Quin. & Tol.—1st, 7s........ 1890
107%
H. & Cent. Mo.—1st, 7s.......1890
Cl. Col. Cin. & Ind.—1st, 7s, s.f.’99 120 123
Han. & Naples—1st, 7s___1909 *90
Mobile & Ohio—Col. tr., 6s ...1892 102
Consol, sink, fd., 7 s ..............1914
90
111.
&
So.
Iowa—1st,
ex.
6s
.1912
73
73%
St. L. & Cairo—4s, guar.......1931
Chic. St. Paul M. & O.—
St. L. K. C. & N.—
Morgan’s La. & T.—1st, 6s---- 1920 106
Chic. S. P. & Minn.—1st, 66.1918 125
114
112
Real
Estate
&
RR.—7s_
_
1895
121
124
1st, 7 s ....................
1918
No. Wisconsin—1st, 6s........ 1930 124 127
Clarinda Br.—6s.............1919
107
St. Paul & S. C.—1st, 6s ....19 1 9 125 125% Nash. Chat. & St. L.—2d, 6s.. 1901 105
8t.Charles
BFge—lst,6s»1908
104
105
Ohio. &E. 111.—1st, s. f., cur.. 1907 116 ___ N. J. June.—Guar. 1st, 4S.......1986
115
No. Missouri—1st, 7 s ..___ 1895
Registered certificates................
95
Gen. con., 1st, 5s..............1937
Wab. St. L. & Pac.—Iowa Div., 6s
.... N. Y. P. & O.—Prior lien, 6 s .. 1895 54
Chic. & W. Ind.-1 s t , s.f., 6s.. 1919 112
114
West.
Union
Tel.—Coup.
7s..
.1900
56
__
N.
Y.
&
Northern.—2d,
4s---1927
General mortgage, 6............ 1932 115
117
R e g is te re d .......■ -........i..
N. Y. & New Eng.—1st, 7 s ....1905
Chic. & St. Louis—1st, 6s.....1 9 1 5 *........ 121
N. W. Telegraph—7 s ............... 1904 TOO
1st, 6 s .................................... 1905
Cin. LSt.L.& Chio.—1st,g.,4s .1936
ioo
Wheeling & L. E., 1st M. 5s. .1926
N.Y. Susq.&West.—Deb. 6s. ..1897
Registered....................... ..........
Market St. Cable By., 1st, 68.1913
2d, 4%s.......
1937 75
Cin. Jack. &Mac.—1st,g.,5s...1936 **95*" *96**
86
Manhat. Beach Imp. Co.—7s. 1909
Col. & Green.—1st, 6s..............1916 99 102 % N. Y. N. H. & H.—1st, reg, 4s. 1903 *105
Am. Water Works Co., 1st. 6s.1907 102% 103%
N. Y. Tex. & Mex.—1st, 4s ...1912
2d 6s
1926
Tenn. Coal Iron & Railway—
Col. & Cin. Midland—ist, 6s.. 1914 "Ö3’ 96' Northern Pacific—Dividend scrip..
83
Tenn. Div., 1st,'„6s.............. 1917
100
Dividend extended.......................
Del. Lack. & West.—
84
32
Bir. Div.—1st con. 6 s ........1 9 1 7
103
107
James
River
Val.—1st,
6s.
.1936
Convertible 7 s ......................1892 11078
Col.
&
Hook.
Coal
&
I.—6s,
g..l917
St. Paul & N. P.—Gen., 6 s ..1923 118%
Mortgage, 7 s ......................... 1907 13358
Registered..................................
Syra. Bing. & N.Y.—1st, 7s. 1906 132ia
In com e B on d s.
Morris & Essex—1st, 7s.......1914 141% 142% Helena& RedM’n—lst,g.,6s.l937 103
(Interest payable ij earned.)
Dul.
& Manitoba—1st, g. 68.1936 100
2d, 7s.......... ........................1891 110 %
Dul. & Dakota.—1st, s. f., 6s, 1937
Bonds, 7 s .......................... 1900 117
25
Atl. & Pac.—Cen. D iv........ ..1922
Hel. B.Val. & Butte, 1st, 68.1937
7s of 1871...........................1901 125 128
Cent. Iowa—Coup, debt certf’s.......
1st, con., guar., 7 s ............1915 135 135% Drummond & P’ bg.—1st, 5s. 1937
Eliz.
City
&
Nor.—2d
inc........
1970
93
Helena & No.—1st, g’ d, 5s. 1937
D el &Hud. Canal—1st, 7 s ...1891 107 108
35
Ind.Dec.& Spr.—2d inc. tr.reo. 1906
1st, ext., 7s............................ 1891 107% 107% N. O. & No. E.—Pr. 1., g., 6s ..1915
99 105 Leh. & Wilkesb. Coal...............1888
New Or. & Gulf—1st, 6s........ 1926
Coupon, 7 s ,........................... 1894 115
103%
Milw. Lake Sh. & W.—Incom e.----Norf. & W.—New Riv.—1st,6e. 1932
Registered, 7s.................... 1894 114%
25
Imp. & Ext., 6 s ..... ........1 9 3 4 T03% iÖ4% Mobile & Ohio—2d pref. deben---Pa. Div., coup., 7 s .............. 1917 141 142
20
3d pref. debentures......................
104%
Adjustment
M.,
7s................
1924
141
Registered....... , ,..................
19
4th
pref.
debentures.....................
OgdT& Lake Ch.—1st, 6 s .......1920 100 % 101%
Albany & Susque.—1st, 7s.. 1888 101%
N. Y. L. E. & West.—Inc., 68-1977 *50
70
6
135 Ohio & Miss.—Cons., s. f., 7s. .1898 115
1st, cons., guar., 7 s .......... 1906
Ohio Cent.—Min. Div.-Inc. 7s. 1921
General 5s................. - .......... 1932 90
Riegistered..............................
Ogdens. & L. Cham.—Income.1920
Ohio
Cent.—1st
Ter.
Tr.,
6s.
..1920
1st, cons., guar., 6 s .......... 1906 120 *121*
Shenandoah Valley—Inc. 6s.. 1923
Min. Div.—1st, 6 s ................. 1921
Registered.............................
Ohio River RR.—1st, 5 s .......1836
Bens. & Bar.—1st, coup.,7s. 192 141 144
Free L ist.
Oregon & Cal.—1st, 6 s ..........1921
139
Registered................... ............
Panamar-Sink. fd., sub., 6s...1910
Det. Mack. & Mar.—1st, 6s.. .1921
Cin.Ham.
&
D.,consols,s.f.,7 s. 1905 '118
Det. Bay C. & A lp .- 1st, 6.;... 1913 105 106 Peoria & Pek U’n—1st, 6s— 1921 112
Consol. Coal, conv. 6s............1897
2d M., 4 % s ............................ 1921 * 72
E. Tenn. Va. & Ga.—1st, 7 s ... 1900 118% 120
Cumberland
& Penn., 1st, 6s. 1891
Pacific RR.—Central P a cificDivisional 5s..............
1930 105
90
Iron Steambr at Co , 6 s .......... 1901
Gold bonds, 6s.................1895 113%
E. &W. of Alabama—
Little Roek& Ft. Smith, lst.7s.lU05
100
Gold bonds, 6 s .............. ..1896 113%
__ 1st,cons. 6s, gold,................ 1926
No price Friday; these are latest quotations made this week.
13Ö
THE
rvòL. X L V ï:
CHEONICLE.
New Y ork City Banks.—The following statement shows the
SECURITIES.
Bid. Ask.
SECURITIES.
Bid. Ask
condition o f the Associated Banks o f New York City for the Cara. A Amb,—M., 6s, ’89 '104*4
Phila. A Reafl ’g (Cont’d)—
Catawisea-M.
7s,
1900.
123
Cons. 5s, 2d ser.;o.,1933 76*9 76%
weekending January 21, 1888:
Col. AC. M.—1st, 6SÌ19I4
95
Debenture coup., 1893. ..„ . . I 76
Leh.V.—lst,68,e.*R.,’98
JBcmfa.
Loans and
Discounts.
$
New. York . 1........ 10.360.000 1.870.000 1.130.000 10.170.000
Manhattan Co......
648.000 10.363.000
9.216.000 2.659.000
Merchants’ ........
824.100 7.697.600
7.822.600 1.679.100
Mechanics’.......... ,
8.060.000 i,oio;ooo 1.251.000 -7,706,900
Am erica............ 10.845,100 2.970.800
715.300 10.850.800
Phenix............Am
eso.noo
8.034.000
2)6.000 3.061.000
o
7.706.400 3.781.300
818.000 9.605.800
Tradesmen's.........
440.000
2.566.400
114.600 2.290.300
Chemical;. . . . . . . . . 18 849.800 6.910.800 1,804.600 21.782.500
Merchants’ Exch. 3.463.600
584.800
409.500 3.954.100
Gallatin National. 6.256.100
478.900
749.600 4.359.000
Batchers’ A Drov. 1.871.800
477.00Ó
116.300 1.945.800
Mechanics’ & Tra. 2.024.000
Ì27.C00
287.000 2,3''4,0OO
Greenwich,*—j—„
1,133,560
122.800
127.800 1.127.100
Leather Manni’rs. 8,166,060
471,700
268.100 2.480.700
Seventh Ward__ _
347.200
1.386.300
92,300 1,466,500
State of N. Y . - - . ,3.485.800
355.800
807.300 2.811.300
Americ’n Exch’ge. }4,878.000 3.662.000 2.027.000 14.742.000
Commerce...... .
3.122.400
15.866.600
1.114.000 11.877.500
Broadway........... . 5.618.300 1.048.600
«57,000 5.277.700
Mercantile............
7,7. 3,600 1.628.600
640.600 8.183.700
Pacific............ .
2.354.200
525.200
259.600 2.759.900
Reirabljlc-.
8.316.200 1.839.300
664.400 8.444.100
Chatham..............
865.400
4.560.700
607.900 4.962.200
Peoples’...I '.;....— 1.805.200
490X00
117.300 2.642.600
North America.... 2.694.800
908.200
329.800 3;78ò,100
Hanover.............. 11.917,200 2,702;800
788.800 12,557,300
Irving..................
2.882.1 00 591.800
262.300 3.063.000
Citizens’ ............. . 2.780.100
806.300
156.400 3.248.000
Nassau. . . . __ ....
2.511.100
266.400
447.800 3.081.100
Market & Pulton. 4.248.600 1.008,700
309.300 4.397.100
St; Nicholas.......
1.956.600
227.500
81,900 1.733-600
Shoe & Leather...
3.169.000
550.000
831.000 3.465.000
Corn Exchange...
6,191.» 00
893.000
253.000 6.501.000
Continental......... . 4.538.400
714.500
676.000 5.244.700
Oriental............
2.060.100
154.800
494.500 2,196, 00
Importers’ & Trad. 19.636.600 4.136.000 1,862,700 21.653.000
Park.... ............... . 17.725.000 6.375.100 1,562*500 23,654,*00
No^th E lver.......
2.016.200
122,100
167.800 1.976.400
East'River.. . . .....
1.190.000
240.400
102,100
1.265.200
Fourth N ationa l.. 14.794.000 4.036.100 2,005.300 16.987.800
Central National., 7.834.000 1.4 33,000 l.OOu.OOO 8.548.000
Second National..
8.361.000
696.000
468.000 4.189;000
Ninth National...1 5,123,;; 00 1.692.000
380.500 6.045.900
First National...... 20.771,300 3,359,600 1,854,900 19.298.500
Third National....
4,e7< .200 1.226.400
288.700 4.989.100
N , Y. Nat. Exch...
1.409.400
247.800
139.200 1.267.000
Bowery................
2.444.200
543.800
160.400 2.728.900
m X i County...... . 1,949,006
101.000
671.000 2.666.000
German-Americ’n . 2,639,900
381.300
78.800 2.285.100
Chase National.... 6.463.600 1.465.300
549.100 7.024.400
Fifth Avenue.
3.715.400
202.600
7 15 .400
3.788.800
German Exch’nge. 2.342.300
142.900
692.300 8.144.900
Germania....... ....... 2.261.300
196.200
433.000 2.688.600
United States...... 3.706.700 1.238.400
126.200 4.130.800
Lincoln.... ............ 2.404.000
744.300
136,600 3.094.200
Garfield................
6e4,400
2.229.600
219.300 2.738.800
Fifth National......
1.468.400
270.300
219.000 1.610.400
B’k of the Metrop. 3.784.200
668,90Ö 445.700 4.654.100
West Side........... ;
1.820.0Q0
2-42.500
273.100 2 082,7.00
Seaboard.............
2.347.400
478.800
187.900 2.820.800
Sixth National.... 1.776.800
292,100
226.000 2 025,400
Western National. 8.265.600
835,c00 1,198,800 7.015.200
...... -
120
19 I 21
2d, 7s, reg., 1910........ 140 143 Phil. W. A Balt.—Tr. c.,4 s 100*4
„Cons. 6s, C.A R., 1923.. 129 ISO
Penn.—Gen., 6s.cAr.1910 192
B A L T IM O R E .
Cops., 6s,c.Ar.,T906j 121
Cons,, 5s, c. <&>., 1919. {__ 113
RAILROAD STOCKS.f
4*98, Trust Loan.—,—....I .
Baltimore A Ohio...
1Ò5 IOC
—xöü»vB.Op.'ö/
1st href......................... 123
Phil. AB.—2d,7s, c. Ar.’93 112*9
2d pref...... .......... U.__ 111
Cous.,
7s,
Coup.,
1911..
130
RAILROAD, RONDS.
46,000
Cons., 6s,g., 1.R.C.1911 120
Baltimore A Ohio—4s.—.
ov
lmp*, 6 s, g,, cpup., 1897 104. 105 Oim Wash. A Balt.—lets. *98*9 to
9»
Gen.,
68,
g.,
coup.,
1908
109»*
110
2ds„6s............1............ 73*4 ,75*4.
261,000
Geh.,-7s, coup., 1008.1.. 111*3 113
3ds, 3-4s__
43*4 43*9,
Income, 7s, coup., 1896 82 »4 82 v8 1st Inc., 5s, 1931...... .
90,000.
19*9
* Ex-dividend. + Per share, i Last price this week.
*86,209
521,690
New Y ork L ocal Securities.
256,400
Bank Stock List,
**2*èoó
BANKS. Bid. Ask. BANKS. Bid. Ask. BANKS. Bid. Ask.
536,100
44,800
America.__ 172 174*3 Gallatin .. .. 200
N.Y. Count! 200
Am. Exch... J40 142 Garfield...... 225
N.Y.Nat.Es
125
542,600 Broadway... 255 265 Germ’n Am.. 112
Ninth!......... 132 138
45,009 Butchs’A Dr 162
Germania... 200 .
N. America. 120
900,000 Central........ TSO 137
115*9
North Riv*f. 180
Chase........ 205
Hanover__ 183
Oriental__ 185
42,200 Chatham__ 220
tin. A Trad’s’ 334
Pacific......... 162 1*68
45,000 Chemical.... 3200 3700 Irving
145
167 169
Citizens’ __ 140 150 Leather Mfs’ 195
People’s. ... 185
City___ ___ 300
lft4
Phenix........ 122 44»¿'¡¿mm.
45.000 Commerce .. 167 169
170
Bepublio__ 138 142
40,700 Continental. 122 124
Mechanics’ - 164 16*9
128
204
45.000 Corn Exch...
M’chs’ATrs’ 145
7th Ward... 115 125
East River.. 130
Mercantile.. 145
280
425,700 Uth Ward. 150
138*a
ShoeALeath 142
Fifth Ave... 750
M’rch’ts’Ex. 115 122 StateofN.Y. 115 120
1600
445,500
20
Fourth........ 140 147
152
Tradesmen’ s 103
45,000 Falton. . . . .. 165
New Y ork .. 216
Onited St’es
225
insurance Stock List.
976,300
36,400
[Quotations by E. S. Bailey, 5*9 Pine St.]
81,000 OOMPAN’ S Bid. Ask.
COMPAN’S. Bid. Ask [COMPAN’S. Bid. Ask
180,000
45.000 Alliance__ 140
Globe......... 115 12jfi Nassau...... 135 145
38.000 American... 145 150
160 Greenwich.. 190 215 National..;. 00 100
45.000
145 155 Guardian ... 60
60 N. Y. Equit. 150 160
411,701) Bowery......
Broadway...
160
175
Hamilton .. 110 115 N. Y. F ire.. 76
95
42.000
120 Hanover__ 125 135 Niagara...... 150 158
202,100 Brooklyn... 110
Citizens’ .... 110 120 Home......... 129 135 North River so IOO
223,400 City............
126 H oward__ 57
65 Pacific...... . 146 180
180,000 Clinton__ _ 117
76
95 Jefferson__ n o 120 Pet’r Cooper 156 16&
90 100
67,500 Commonw’h. 80 100 Kings Co.... 175 200 People’s
Continental.
210 Knickerb’k 1 70
80 Phenix ...... 100 10»
E agle......... 235 245 Liberty . . — 90 100 Rutger’ s __ 130 137
Empire City 90 ICO Long Island 85 100 Standard.... 100 105*
85 Sterling__ 70
76
45.000 Exchange... 90 110 Lafajette... 75
44,400 Farragnt— . 110 12Q Mahuf’c. A B 110 125 Stnyvesant 105 115
100 Mechanics’ * 65
85 United St’es 140 150
46.000 Fire Aaso’n.
90 Mercantile— 55
05 Westóhestèr 130 140
134,700 Firemen’s-.. 75
German-Am. 300 320 Merchants’ . 60
90 Williamsb’g. 260 280
Germania... 145 165 Montank.... 80
87
41,600
Gas and, City R a ilroa d stocks and Bondii.
., .
180,000
[Gas Quotations by Geo. H. P rentiss A Co., Brokers, 49 Wall Street]
45,000
Average■Amount of—
Deposits Circula
Legal Net,other
Specie.
,
lender». than
tion.
U.S.
..... 354,767,800j8o,110,100 34,666,500*375,048,5001 7,604.400
Boston Banks.—Following are the totals of the Boston b anks
1888
Loans.
Specie.
$
*
L, T’nders. Deposits.*
$
$
Jan. 7 138,587,000 8,416.100 3,797,600 106,354,800
“ 14 139,127.506 8,70ö.SOC 3,618,100 108.126,000
« 21 139,921,200 9,011,300 3,889,900 107.918,900
Circula’n. Agg.Cl’ngs
•. 9 ..
9
7,045,000 93,583,969
6,658,900 86.697,370
6.635,10( 82,660,801
P hiladelph ia Banks.—Thè totals have been as follows:
1818.
Loans.
Lawful Mon’y Deposits.*
$
9
$
Jan. 7 ..... 86 023,200
23,040,500 84,910,200
“ 14 —
85.862.500 23,52 2,100 84,397,700
“ 21..... 85.724.500 23,243,000 84,004,800
'In c u ling the turn “ due to other banks.1
Circula’n Agg.Cl’ngs
$
2,299 050
2,27 7 870
2,283,870
$
71,107,162
02,601,643
01,896,679
Quotations in Boston, P h iladelph ia and B a ltim ore.
Following are quotations o f active stocks and bonds, A
complete list is given in the CfiabNicLE the first Saturday
o f each month.
J
SECURITIES,
Bid. Ask.
SECURITIES.
Rid. I Ask.
BOSTON.
K. C Fort Scott A G.—7s
116
RAILROAD STOCKS.f
K.C; Mempb. A Birm—5s 90% 91
Atcmson & Topeka ...
94 «ai 84 ¡>4 K. City Sp’d A Mem.—0s 111.ig'
Boston & Lowell............. ......'157
K.C. Clint. A Springf.—6s ¿ 96V
Boston A Maine............. ¿.....,1211
Little R. A Ft. S.—7s..;_
10834
Boston A Providence.... 5......
Lonisv.Ev.AStL.—1st, 6s ib'3'4 105
California Southern____
42
_ 2d mort., 2-6s.. . ... ..
57*3
22
Central of Massachusetts 21
Mar, H. A Ont.—1908,6s, m ò " I
Preferred...—
41
42
1925, 6s...................
¿
90
96
Chic, Hurl. A North’n .... 6 0 621« Mexican Central—4 s..... 65
661*
Cleveland <&Canton....... ¿......I 10
Income.
21
«Pxeiehxed.... . . .. . . . . . . . . 81*a—
N Y. A N. Eng.—1st, 7s— 123*9 124
Eastern...... .................. ¿........113
1st mort., 6s 1.......... U1V
Preferred....................
à 2d mort,, 60-,............... 1001«; 101
Fitchburg, prêt,.— ...... 96
Southern Kansas—5s......
97
Flint & Pere Marquette. 24
Texas.Division—5 s..... **0T 92
‘ Preferred...—............
In com es........... ..
80
Earn- City Ft. S. A Gulf.. S5
Wiscon. Cent.—1st M., 5s
Preferred...,,................
Income 6s ........... .
'
K. C. Mempb. A Birm, .. 60
Kan, C. Springt. A Mem.: 85
P H IL A D E L P H IA .
14*0 RAILROAD STOCKS. 1
Mexican Central..........
14
N.Y. A N. Eng., prof...... ¿114
Buff. N.Y. A Phil.,ass.pd. 10>s
Northern.................
Preferred............. .
9V
Old Colony. ....................
175*9 Lehigh Valley........... .
65*8
Wisconsin Central......... *17
17*9 Little Schuylkill............
60 ;
Preferred....____ .....
37
Northern Central............ 85
87
I BONDS.
Pennsylvania.................. ¿ 54 V 5489
Atoh. A Topeka—1st, 7s. 119*4
PhUa. A-Reading. . . __... 3284 327«
92
Coll, Truer, os.............. 91
West Jersey.;..
Plain, Ö8-................
88
90
RAILROAD BONDS.
60 I
: Mortgage, 5 s..............
Allegh. Val.—7 3-1da. ’88 1133* 114*4
i^PÓst/bs...».^,,......... ¿ - . - P - 105*9 7a, E. ext,, 1910------ 110
Kaac’rn, Mass.—6s, new..
121
ino. 78, end., coup., 94. 21 I
Ax-dlviuena. t f t r share, i Last price this week.
GAS COMPANIES.
IBid. Ask.
GAS COMPANIES.
Bid. Ask.
Brooklyn Gas-Light ...... 101 103 IPèonle’s (Bklyn.)............. 61
62
Oltizèns’ Gas-Light. . . __ 50
55 iWUliamsourg.............. . 115 120Bonds,. 5 s ................... 100 103 I Bonds, 6s__
106 111
Consolidated Gas............ 76 *a 76»* Metropolitan (Bklyn.)__ -78
80
Jersey City A Hoboken... 160
Municipal—Bonds, 7 s..... 105 110
Metropolitan—Bonds...... 114
Fulton Municipal .......... 125 180
Mutual (N. Y.) ................ 85
90
Bonds, 6s..................... 105 109
.Bonds, 6 s .................... 100 102 Equitable......................... 190 n o
Nassau (Bklyn.)............... 95 100
Ronds, 6s................ .
110 u s
Scrip.. . . . . . . . . . . . . . . . . . . . 95 I 99
[CityRR. Quotations by H. L. Grant, Broker, 145 Broadway,!.
Sl'Cker S t.A F uit.F .—Stk. 26
28
D. D;. E. B. A B.—-(crip, 6s 104 107
l s t m ort., 7s, 1900 . . . . . 112 114
Eighth Av.—Stock........... 155 160
« r ’dway A 7t,h A v.—St’k ..
175
j Scrip, 6s, 1914 . . . ....... 108 110
l s t m ort., 5s, 1904 ........ 102 104
42d A Gr’nd St. F’ry—Stk 200 210
2d mort., 5s, 1914........... J 0 3
105*3
lstmort., 7s, 893.—.... 112 117
B’way Surface h d s,..1 9 14 75
80
3»
42d St. Manh. A St. N.Ave 35
B on d sg u a r.,5 s, 1905 . . . 70
80
list mort.,6s, 1910 ...... 107 108
Brooklyn C ity—S tock....... 115 118
2d mort., income, Os...... 53
60
l s t m ort., 6s, 190 2 .......... 106 110
Toast. W.St.AP. Ft —Stk. 156 _.ÎÂ.,
Sklvn. Crosstown—S to ck . 150 160
1st mort., 7s, 1894........ 110 U2
l s t m ort., 7s, 1888 ......... 100
Ninth Ave...... .................J 103 105
Snshw’k A y .(B k ln )—St’fe 150 155
Second Av.—Stock...—... 106 n o
C in trai Crosstown—S tk .. 150 160
1st mort., 5s, .1910 ...... 103 10®
.is t ih o r f.. 6s, 1922
116 120
Consol., 7s, 1888
100
Oant. Pk. N. A B. R iv .—Stk 78
81
Sixth Av.—Stocks.. ... ... 165 175
Oonsol., 7s, 1 9 0 2 ............ 116 118
1st more., 7s, 1890 ........ 110 115
Ohrist’p h rA lO th St—S tk. 120 125
Third Av__Stock____.... 217 221
Bonds, 7s, 1 8 9 8 .............. 111 113
Bonds, 7s, 1800 . . . . . __ 183 16»
Drv D k .E .B .A B at’v—Stk 148 152
Tw >uty-third 81.,—Stock.. 216 220
112*9
l s t m ort., 7s, 1893 ......... i i o
1st mort., 7s, 1893 ....... 112 114
Unlisted Securities.—Quotations from both Exchange?:
s e c u r it ie s .
Bid. I Ask.
Am. Bank Note Co,.— ,
Atlan, A Char—Stock
Atl. A Char. Air L., 1st, 7s
At.APaö.-TstM.O.D.Odös 90
Bost, H. T.A West.—Stk. 24
Brooklyn Elevld—stock,. 88
Cape Fear A Yad.Val., 1st 94
Chic. A Atl.—hen., tr. reo. «
Chic. Gas Trust,—...... ... 39*4
Chic. Santa Fe A Cal. 5s..
Cinn. A Springfield.......
Den. A Rio Gr. W.—St’k. i o
Dul. S. Shore A At.—Stk. IO
Pref.... . J. -3114
Edison Electrio Light__
Fia. R.y. A Nav. Co........
1*4
Pref,—.4—
•—
■l a4
Georgia Pao.—Stock....... 16*9
10S
lstlis.........
48
2d*.
Henderson Bridge—Stock
Kanawha A Ohio.:..—, —, 3
lstp ref.
8*a
2d pref............
....
■; 1st 6s. ..........................
Kan. City AÖmahA—___
lstm ort.—.. ... ......... .
Ke*>iy Motor____
0*4
Lehigh A Wilkes. Coal—. 18
Mex. Nat.Consuuct’n Co. 25
SECURITIES.
Bld, Ash.
Mexican National tr. rec. 8
9
1st mortgage, tr. rec.... 41
42
New 1st 6s
: 04
94*9
Newp. N. A Miss. Val...;
97s 10*«
N. J. Southern______ —.
1*»
N. Y. M. On. Telr-Stock. m
95*a N. Y. W.S. A Buff— .. tU A 9
7 ¡North, Pao.—Div. bends.. 100. .....
39 7e ¡North Riv. Cons.............
Ocean Steam.Co.,lst guar. 10l*s 163
Orange Belt 1st.—.........
15 Pensacola A Atlantic.... 6
8
r 1st mort...........
. ..
31 »4 Postal Telegraph—1st, 6s.
Rich. York Riv. A Chea..
2*4 Rome ADecatur,lstM., 6e
2*3 St. Louis Ft. S. A W ich19 St. PaulE.A Gr.Tr., 1st 6s
99
Southern Tel.—1st M......
50 ¡Toi. A. A. A N. M ich....23*
1T0L A O. Cent., pref...'.
Ü.-S. Electric Lignt.....;
IO*« Utah Central—1st______
Vicksb. A Meridian.........
Pref.................... .........
1st mort...... ..............—
2d mort..........._
.incom es.;..;;—™ .......
Westefn Nat. Bank,...... 97 ** 98
West N. Car.—Con. M__
THE CHRONICLE
J4W 4ÇT 28. 1888.J
131
Latest Earnings neported.
R oads .
Week or Mol 1887-8.
AND
ailtmfl Intelligence.
The, I nvestors ’ Supplement contains a complete,eqcfyibit oj
4fce FundedDebt of Slates and Cities ap,<f of the Stocks and
Bonds of Railroads and other Companies, it is published
■on the, last, Saturday of every oihef mojitfi—mz., January,
March, May, July* September a^d $&9&pber, and is fu rmishedmithout extra charge to all regular subscribers of the
-Chronicle . Extra copies are. sold to subscribers of the
'Chronicle' at-Events each, and to others at $1 per copy.
RAILROAD EARNINGS,
Gyoss Earnings to Latest Dates.—The latest railroad earn
ings and the totals frpoa Jgn. 1 to latestdat? are, given., below,
for' ali the railroad companies whose reports can be ob
tained«
Latest, Earnings Reported,
s o ads
Jan, 1 tpLßteql Datp,
Klngst’n & Pena. id wk Jan
Knoxv. & Ohio; November.
Lake E, & West 3d wk Jap
Lehigh* Hud:. December!
L. Rock & Mem 2d wk Jap
LonglBland.__ 3d wk Jàp
Lou. & Mo. Riv, October.
Louis.Ev. &St.L. 3d wk Jan
Louis v. & Nashv. 3d wk Jan
Lou.N.A. & Chic. 3d wk Jan
LouisV. N.O. & T. 3d wk Jan
Lykens Valley:. November.
Mar. Col. & No.. November,
Mar.Hough. * 0 2d wk Jàn
Memphis &Chas, 2d wk Jan
‘ Mexican Cent 3d wk Jan
*Mex. N. (allins) December!
Mil.L.Sh.&We^t 3d wk Jan
Milwaukee & No, 2d wk Jan
Minneap.* St.L. December.
Min.St.Ste.M &A November.
Minn.&No.West. 4th wk Dec
Miss. & Tenp.... 1st wk Jan
Mobile & Ohio .. December.
Nash. Ch. & St.L. December.
New Brunswick. November.
N.Y. Cön. &H.R. December.
¡N.Y. City & Nb ?. Wk. Oet. 8
cN.Y.iL. E. & W. December.
N.Y: & New Eng. November.
N.Y. Out. & W ... 3d wk Jan
N.Y. Sus. & W ... December
¡Norfolk & West 3d wk Jan
N’theastrn (S.C.) Novemberi
Northern CeintT. December.
Northern Pacific 3d wk Jan
Ohio & M iss..... 2d wk Jan
Ohio River ..... 2d wk Jan
Ohio Southern. December
Oregon Imp. Go November,
Qreg. R.&N.CO. 3d wh Dèe
Pennsylvania... December.
Pehn. Company.
No. West. sys. December
So. West. sys.. December
Peori a Dec. <§;E v. 2d wk Jan
Petersburg . . . . . November.
Phila. & Erie ... November.
fPhila. & Read’g. November.
1Goal* Iron Co. November.
Tot.bothCo’s.. November.
P itts.* West’m . 3d wk Jan
P’rtRoyal &Aug. November.
Pt. R’a l* W.Gar. November.
R&W.P.Ter. C o Rich. &-Dairy. 2d wk Jan
Va. Mid. D iv.. 2d wk Jan
C/C. & A. Div. 2d wk Jan
I Col. & Hr. Div. 2d wk Jan
WestN. C. Div. 2d wk Jàn
W.O.&W.Div. 2d wk Jan
Ash. & Sp. Div. 2d wk Jan
Total all E... 2d wk Jan
Rich,* Petersbg. November.
Rome W. & O g .. November.
ffSt.L.Alt. &T.H. 2d wk Jan
Branches. '.. 2dw k Jan
St.L. Ark. & Tex. 3d wk Jàn
8t.L. &.San Fran. 3d wk Jan
St.Paul &Dutluth 3d wk Jan
St.P;Min. &Man. December.
S. A pt:* Ar.Pass. 2d wk Jan
Scioto Valley. i.;: November.
Seab’rd & Roan, November.
Shenandoah Val DecerEfber
South Carolina.. November.
So. Pacific Co.—
Gal.Har.&S.A. November.
Louis’a West:. November.
Morgan’s L&T. November.
N-.'Y. T. & Mex. November.
Tex. &N. Orl.. November.
Atlan’c system November.
Pacific system November.
Total of a ll.. November.
So. Pae. RR.—
No. Div. (Cal.) O ctober..
So. Div. (Cal.) October..
Arizona D iv .. October..
New Mex. Div October..
Spar.TJn. & Col. November
Staten Is.Rap. Tr December
Summit Branch November,
Texas' & Pacific. 3d wk Jan
Tol.A.A.<teN.M’h 3d wk Jan
Tol. & Ohio Cent. 3d wk Jan
Tol. P. & W est.. 2 dw k Jan
Union Pacific... November.
Valley of Ohio.. November.
Wab. Western... 3d wk Jpn
Wab., E. of Miss November.
WestN. Y.& Pa. 3d wk Jap
fWest Jersey__ November,
WU. Col. & Aug Noveniber.
Wheeling & L. E. 3d wk Jail
a Wisconsin Cep, 3d wk Jap
1,662
47.052
34,858
I5,l'49j
16,466
43,136
60,565
18,267
267.565
28,077
44,525
94,872
7,244
8,048
34,099
120,000
152,625
30,735
14.395
140,124
25,101
44,016
8,652
242,182
275,Ï82
73,773
t,229,021
11,358
¡,029,935
448,465
25,306
135,645
70,260
45,297
490,286
146,489
76,168
6,414
62,672
393,252
103.391
=,892,954
1886-7.
1Jan. l to Latest nate.
1887-8.
1886-7.
8
’
*
3,469
1,321
2,326
36,995
97:541
Ì02;50Ì
34,075
21,004
219,030
228,423
41.564
34,225
20,782
36.166
1ST,167
120,608
500,371
53,566
454,780
56.200
47,407
1:8.228
810,250
859.900
293,815
85,504
80,446
27.339
157:876
48,336
133:307
718.859
694,459;:
60,465
57,569
2,989
ïô'^'eï
16;440
5,605
74,299
68:629
37,821
341,100
283,886
92,666
154,399 1,777,491 1,743,450
89,386
88,636
30,330
28,820
28,890
15,911
149,184 1,505,098 1,549,619
12,837
54Ô;Ô*93'.
10,879 1,504,55'
8,652
7.16X
7,16t
287,024 2,485,232 2,224,459
229,946 3,055,917 2y400f77a
740^03
750,875
66,701
,945,063 36^296,024 32,651,015
441,664
419,243:
12,473
,985,149 2.4,464,236 23,002,509
416,771 4,021,048 3,782,925
58,014'
71,355
19,429
112,545 1,395;181 1,129,4391
265,076
195,276
62,686
499,960
494,786
47,237
457,809. 6,212.927 5,474,618
445,969
388.549
120,728
141.549
146,661
71,021i
9.202
13,620
4,601
508,757
595,443
32,839
286.289 3,796,502 2,735,013
90,538 5,164,308 5,211,020
,428,216 55,671,303 50,379,068
1887-8.
1886-7.
1886-7.'
! (j>
$
1,850,060 1,655,931
Allegheny, Val. . November. 173,830 . 16.0,623 16,965;412
14v
459,3f8
1,657,078
1,719,355
November.
Z fc K T . & S.Fe.
Atlant a & Cliar. November. 134,530 113,594 '1,198,749 1,054.093
99,836
95,798
’47,899
52,022
Atlantic & P a c.. 2dwlc Jan
Bait.** Potomac November. 128,816 . 118,192 1,326,349 1,235,019
689.47.0
53,9,61
554,230
81,814
B e e c h Greek ..
November.
1X5,664
■83,625'
27,875
34,501
BUff,Rocbt.& Pitt '3d wk Jan
,585,696 .,350,956 18,532,32% 15,409,215
89,922
99,636
52,600
42,076
Rpr»C.Ran.& No. 2dw k Jan
.,287,937 .,166,004 14,302,552 12*0.02,449
37,886
41,004
13,971
12,92.2
30,811
26,513
16,922
■Caitp V, & Chid 3d wk Jan
12,326
60,729
35,183
GaL Southern... 2d wk Jaq
326,177
326,276
28,300
31,404
644,920
31,810
569,498
34,618
ICamden & AtXc No,vember.
338,027 3,708,294 3,407.310
367,724
544.000
481,000
Ganadian Pacific 3d wk Jap 155.000 127,000’
1,098,095 1,034,084 20,187,417 18,190,101
276,485
227,222
21,939
26,537
G p F ’r &Yad.Val December.'
¡,■222.796 .,887,462 18,083,282 14,501,154.
50,962
57,173
■Carolina Cent... November.
,320,891 ¡,921,546 38,270,699 32,691,255
213,358
185',324
93,529
104,946:
Central of G a... 2 d w k Jan 111,086
79,908
34,968
24,747
283,165
Central Iow a.... December: 134,518^ 126,737 1,352,532 1,323,625
292.860
25,752
26,609
Central of N. J December, 974,880 995,025 11,528,588 10,742,892
33,548
33,908
Central Pacific October. 1,333,101. 1,141,0.81 11,190,643 ‘9,940,703
8,175
9,241
156,000
185,375
Central of 8. C. November.
84,100
102,875
433,.081
446,205
40,574
42,910
46,650
Cfiarleat’n & Sav November.
6.0,150
23,750
33,850
579,862
605,777
49,964
54,303
November.
26.4QO
£0:100
12,900
Cheshire............
17,31)0!
7,511
7,917
21,550
26,350
Cheraw & Dari. November.
9,850
13,750
4,099,351
3,755,867
358,551
412,123
17,9.50
November.
28,150
Chesap. & Ohio.
8,650
13,350
937,528
80,846 1,103,585
87,833
Eliz.Lex.&B.S. December.
4;175.
4,675
1.875
2.175
1,713,325
1,998,178
166,875
199,631
1,700
3,500
Ches. O. & 8.W .. December
900
2,100
6,163
7,402
341.300
274:425 =
Ches. & Lenoir . . November.
142,025.
185,400
193:452
210.584=
17,332
Chic. & Alton... October... 903,372 808,942 7,392,907 6,565,102
20,175
93,886
99,266
31,295
31,664
Chic. & Atlantic 3d wk Jan
279,598 249,607 2,951,794 2,615,381
63,539
Chic. Burl. &No. November. 154,899 142,901 2,134,200
75,065
30,142
34,988
31,214
3,3,127
Chic. Burl. &Q . November. 2,382,965 2,256,339 25,448,822 24,359,976
19,291
15,190
108,401
111,473
33,784
39,900
112.467
139,292
37,489
Chic. & East. 111. 3d wk Jan
42,807
30,880
17*525
6,224'
9,333
237*801.
249,532
Chic. & Ind. Coal 3d wk Jan
89,577
86,842
961,000 1,017,048
68,439
41,910
Chic. Mil. &St.P. 3d wk Jan 276.000 326,538
22,813.
14,530
Chic. & N’thw’n. December. 2,191,563 2,174,554 27,140,726 25,348,848
905,264 700,161 8,745,227 7,427,33.9!
66,271 - 78,399
9,169
4,143
Chic. & Oh. Riv. December
3.4,781
17,820
623:339
726:223
Chib. St’.L.&Pitts December. 523,407 469:425 5,862,764 4,842,317
61.536
70,723
7,043
10,845
Ohio; St.P. &JC.C. 4thwk Nov,
73,814
71,499
74Ô",654.
904,640
Chic. St.R.M.&O. November. 718,933 636.122 6,344,018 5,589*767
54,315
73,000
34,602
36,329
17,625
18,614
Chic. & W. Mich. 2d wk Jan
119,674 113,609 1,094,494 1,022,630
Cin. Ind. St. L. &C. December. 236,889 246,977 2,692,076 2,601:563
12,796
14,432
6,372
Cin. Jack, & Mac, 2d wk Jan
6,984
291,208 211,975 3,032.306 2,352,793.
102,496
114,468
60,105
56,223
578,637
765,948
57,359
GipvN. O. &T. P, 2d wk Jan
76,914
51,183
57.526
27,729
31,226
Ala. Gt. South. 2d wk Jan
554,584 403,24=2 4,063,527 3,700,604.
27,359
30,505
16.300
144:785
16,038
154,990
N. o n . & N. E, 2.d wk .Jan
15,796
13,157
19,475
20,285
10,437
9,902
896,015
Vicksb. & Mer. 2’d wk Jan
94,918 1,148,437
108.391
18,221
21:481
9,785
10,686
Vicks. Sh. & P. 2d wkJan
783*290 9,165,289 7,672,825
,044.255
218,734
244,265
Erianger Syst 2d wkJan 127,957 120,474
1,597,696 2,117,351 24,652,822 21,532,787
6,6f»S
‘6,2x5
6,245
6,658
Cin. Rich. &Ft. W. 1st wk Jan
¡,641,951 2,900,641 33,818,109 29,205,612
95,968 102.122 1,183,684 1,130,324
Cin. <fc Spring’d. December.
83,234
85,180
37,932
41,558
Cip. Wash. *Balt. 2d wk Jan
162,778 170,541 1,447,398 1,335,421
16,416
20,671
11,132
7,988
Cley. Akron &Col 2d wk Jan
492,397 245,110 3,419,580 2,643,033
327,719
345:161
31,292
33,682
Clev. & Canton November.
143,148 127,472 1,352,639 1,261,328
552,083
576,597
Gfcv.Cdl.C.&Ind December. 381,253 351,982 4,580,969 4,184,117
50,943
36,119
16,‘577
17,355
6,102
73,6,16
5,207
69,763
Clev. & Marietta 3d wkr Jan
9,687
10,558,
788,313
16,181
852,581
44.537
■Cceur d'Alene... December
50,515
12:041
13,184
628,718
5,863
6,471
Col. & Cin. Mid 2d wk Jan
147,222 117,067, 1,235,857
111,565
105,518
53,996
34Î.377
47,782
384.232
Col. Rock, V. AT. 2d wk Jan
101,274 118,610.
360,950
442,500
23,973
33,409
Denv. * Rio Gr 3d wk Jan 162.000 126,000
7,946
9.697
57,475
18,275
46,9.5.0
22,000
55,981
C-env. & R.G.W. 3d wk Jan
71,688
19,6011
22,427
18,922
35,018
Den. Tejc.&Guif. December:
25,895
32,326
18,398
15,498
242,017
23,936,643
24,542 . 466,667
31,000
26,313,894
Dbt.Bay C. &Alp. December.
¡,351,431
¡,597,585
44,305
38,422
14,074
570.977
601,160
Det.Lans’g & No. 3d wk Jan
13,788
61,106
56,793
17,056
83,542
9,240
258,856
16,049
267,873
Duiuth 8. S. &Atl. 2d wk Jan
91,693
91,787
181,217
211,931
94,799
E.Tenn.Va.&Ga. 2d wk Jan 107.734
590,850 581,540 6,354,791 6,201,669
12,311
11,023
125,500
5,683
3,098
Evans.* Ind’plis 3d wk Jan
147,400
43, LOO
47,300
37,773
43,125
14,721
14,213
Evansv. & T. H. 3d wk Jan
95,154 1,370,320 1,268,891'
98,059
76,690
84,520
39,106
41,939
678,224
614,678
64,217
Flint & P. Marq. 2dw k Jan
74,006
44,430
46,630
34,730
20,451
44,902
22,837
Fla. RJ&Nav.Co. 2d wk Jan
12,192
15,581
27,190
42,800
10,872
119.978
11,300
134,944
Ft.W.& Den. City 3d wk Jan
45,127
46,244
41,140
53A56
2§,367
24,852
Georgia Pacific. 2d wk Jan
31,844
81,3.37
31,844
31,337
Gr, Rap. & Ind.. 1st wk Jan
j Apd branches.
* Mexican currency,
1,581
2,392
1,581
2,392
Other lines ; 1st wk Jan
550,348
c After deducting earnings paid over to leased roads operated on a per*
568,790
Grand Trunk... iVk.Jah.14 278,511 268,239
316,004
420.967
36,725
34.377
Gh.RayW.&St.P November.
centage basis.
GpltCol.&S.Fe. December. 356,270 234,646 2,928,277 2,274,171
t Hot including Central of N. J. ip either year.
110,818
64,807
88,460,
40,797
Hous.&Tex.Cen. 2d wk Jan
144,288
144,341
14,028
ITIncluding Ipd. & St. Lopis.
15,693
Humest’n &Shen November.
Ill.Cen. (IU.&So) December 1,110,900 1,112,721 11,820,632 10,776.187
a All lines included.
159,126
106,872
15,802
Cedar F.& Min. November.
10.540
868,578
765,251
84,855
82,235
Dub. &Sioux C. November.
Latest Gross Earnings by Weeks.—The latest weekly
576,249
625,525
54,843
67,1?8
Ia. Falls &S. C. November.
143,638 earnings in the foregoing table are separately summed
135,323
47.534
48,913
3d
wk
Jan
Ind. Bloom. & W.
449,098
411,634
61,297
30.540
Ind. Deo. & Spr. December:
63,539 belpw.
31,143
75,065
34,988
Did. & St. Louis. 2d wk Jan
252,459
38,624
402.173
35,492
Jack, T. &,K. W. NovemberA number o f roads show diminished earnings for the third
45,535
44,934
45.535
44;934
JLC.Ft.S.&Gulf. 1st -vVk Jan
31,391 wee£ o,f Jannary, in great part becau^b of tbe bad wieat^cr.
25:844
25,844
31,390
Kan. C. Sp. ArM. 1st wkJan
2,680
4,289
2,680
4:289
Kan. G CL <fcSp- 1st wk Jan.
920,697 The result as a whole is an increase of 2‘71 per cent on th#
71,461 1,074,590
83,259
Kentucky Cent. December:
16.047
'20,003
5.649
6,634
Keokuk & West. 3d wk Jan
Week or Mo 1887-8.
38 roads reporting.
132
3d week, o f January.
Buffalo Booh. & Pittsburg
Cairo Vin. & C h ic.. . . . . .
Canadian Paciilc ______
Chicago & Atlantic . . . . .
Chicago & East. I lls ___
Chicago & Ind. Coal___
Chicago Mil. & St. Paul.
Cleveland & Marietta..
Denver & Rio Grande___
Denver & B. Grande West.
Detroit Lans. & North..
Evansville & I n d .........
Evansville & T. H ..........
Fort Worth & Denv. City
Indiana Bloom. & West.
Keokuk '&Western........
Lake Erie & Western...
Long Is la n d ..................
Louisv. Evansv. & St. L ..
Louisville & Nashville__
Louisville N. Alb. & Chic.
Louisville N. O. & Texas .
Mexican Central.............
Milwaukee L. Sh. & West
New York Ont. & West.
Norfolk & Western........
Northern P a cific..........
Pittsburg & Western__
fit. Louis Ark. & Texas.
St. Louis & San Fran...
St. Paul & Duluth.. . . . . .
Texas & Pacific................
Toledo Ann A. & No. Mich
Toledo & Ohio Central..
Wabash W estern __ __
Western N. Y. & Penn
Wheeling & Lake Erie...,.
Wisconsin Cent, (all lines)
Total (38 roads)............
Net increase (2-71 p. c.)..
THE
1888.
1887.
$
34,501
12,922
155,000
31,664
39,900
9,333
276,000
5,207
162,000
22,000
13,788
3,098
14,721
11,300
48,913
6,634
34.858
43,136
18,267
267,565
28,077
44,525
120,000
30,735
25,306
70,‘/ 60
146,489
24,747
42,807
86,842
14,530
101,274
9,697
22,427
91,787
47,300
15,581
46,244
$
27,875
13,971
127,000
31,295
33,784
6,224
326,538
6,102
126,000
18,275
14,074
5,683
14,213
10,872
47,534
5,649
34.075
36,166
18,228
293,815
27,339
48,336
92,666
30,330
19,429
62,686
120,728
34,968
37,489
89,577
22,813
118,610
7,946
19,601
91,693
43,100
12,192
45,127
2,179,435 2,122,003
..............
Increase.
$
6,626
28,000
369
6,116
3,109
36,000
3,725
508
428
1,379
985
783
6,970
39
738
27,334
405
5,877
7,574
25,761
5,318
1,751
2,826
94
4,200
3,389
1,117
181,421
57,432
CHRONICLE]
Decrease.
$
1,049
50,538
895
286
2,585
26,250
3,811
.10,221
2,735
8,283
17,336
123,989
........
For the second week, notwithstanding the loss occasioned
by the weather, there is an increase o f 7’71 per cent, the
exhibit embracing 77 roads.
2d week o f January.
1888.
1887.
Increase.
$
$
Prev’ly report’d (4 6 roads) 2,608,181 2,355,300
Atlantic & Pacific.......
52,022
47,899
Burl. Cedar B. & North
42,076
52,606
Central o f Georgia ___
111,086
93,529
Cincinnati Jack. & Mack
6,984
6,372
d n . N. O. & Texas Pao.
60,105
56,223
Alabama Gt. Southern
31,226
27,729
New Orleans & N. E ..
16,038
16,300
Vicksburg & Meridian.
9,902
10,437
Vicksburg Shrev. & Pac
10,686
9,785
Cm. Wash. &. Balt........
37,932
41,558
Cleveland Akron & Col.
11,132
7,988
Cleveland & Marietta...
6,378
5,695
Col. & Cin. Midland__
5,863
6,471
Col. Hock. Val. & T ol...
47,782
53,996
Detroit Mack. & Marq..
8,001
3,635
East Tenn. Va. & Ga__
107,734
94,799
Flint & Pere Marquette
41,939
39,106
Florida By & Nav........
22,837
20,451
Georgia Pacific.............
29,367
24,852
Grand Trunk of Canada
278,511
268,239
Houston & Texas Cent.
40,797
64,807
Ind. Bloom. & West.......
45,374
49,591
Keokuk & Western........
6,459
5,649
Kingston & Pembroke..
1,662
1,321
Little Bock & Memphis..
16,466
20,782
Marquette Hough. & Ont
8,048
5,605
Memphis & Charleston..
34,099
37,821
Ohio Biver........................
6,414
4,601
»St. L. Alt.& T. H., M. Line
34,988
31,142
8t. L. Alt. & T. H. Brchs
15,190
19,291
Tol. Peoria & Western..
15,498
18,398
$
302,922
4,123
3,771,385 3,501,370
384,489
270,015
Net increase (7’71 p. c .) „
Including Indianapolis & St. Louis
¿7,557
612
3,882
3,497
901
3,144
683
608
4,366
12,935
2,833
2,386
4,515
10,272
810
341
2,443
1,813
3,846
Decrease.
$
50,041
10,530
262
535
— Deeem ber.-----.
/-Jan. 1 to Dee. 31.—»
1887.
1886.
1887.
1Ç86.
$
$
$
$
237,131 194,702 2,816,285 2,573,220
56,137
2,860
602,511
412,272
— November.------->
1887.
1886.
1887.
1886.
Roads.
$
$
$
$
Atch. Top. & S. 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 & Iron...., ..Net...
48,291
43,252
556,836
340,645
Oregon Imp. Co.......
393,252 286,289 3,796,502 2,735,013
Net.... 109,377
59,780 1,090,475
695,732
Wabash Railway___ .Gross. 590,850 581,540 6,354,791 6,201,669
Net... . 117,909 158,969 1,988,883 1,662,238
M o n t h a n d F is c a l T e a r .
.-------December.------ , /—Feb. 1 to Dec. 31.—»
1887.
1886.
1886.
1887.
Road.
$
$
$
$
Tenn. Coal & Iron Co.Net...
72,000
563,000
-------Deeem ber.---------. /-Avril 1 to Dec. 31.—,
1887.
1886.
1887.
1886.
Road.
$
• $
$
$
Cceur d’Alene............ .Gross.
16,181
145,329
Net...
8,894
86,186
»-------Deeem ber.----- -» .—July 1 to Dec. 31—»
1887.
1886.
1887.
1885.
Road.
$
'$
$
$
Memphis & Charles. .Gross. 190,354 177,797
983,408
849,631
Net...
77,318
35,287
343,843
312,452
/---- December.------- , .— Sent. 1 to Dec. 31.—»
1887.
1886.
1887.
1886.
Road.
$
$
$
$
Central of Georgia.. .Gross. 731,124 636,519 3,121,639 2,726,255
N et... 277,887 263,746 1,446,487 1,271,443
«— —December.------» ,— Oct. 1 to Dee. 31.— »
1887.
1886.
1887.
1886.
Road.
$
$
$
$
§ N. Y. L. E. & W .... .Gross. 2,029,935 1,985,149 6,522,399 6,268,521
N et... 481,517 559,741 1,869,712 1,972,169
N. Y. Ont. & W ........ .Gross. 119,485
98,555
396,714
327,108
N et...
6,257
2,858
55,014
36,503
West’n N. Y /& Penn.Gross. 237,131 194,702
730,759
630,862
Net...
56,137
2,860
157,706
40,246
<------December.------ > /—Nov. 1 to Dee. 31.-»
1887.
1886.
1887.
1886.
Road.
$
$
$
$
Ft.Worth & Den.City.Gross.
74,693
46,251
147,860
98,727
N et...
30,129
23,848
60,411
54,117
/----- November.-----. /—Dec. 1 to Nov. 30.—»
1887.
1886.
18fc6-7.
1885-6.
Road.
$
$
$
$
Oregon Imp. Co....... .Gross. 393,252 286,289 4,060,971 2,946,107
N et... 109,377
725,204
59,780 1,135,116
Road.
West’n N. Y. & Penn. .Gross.
N et...
§ After deducting proportions due to leased lines which are worked on
a percentage basis.
3,626
ANNUAL REPORTS.
6,214
(F or the year ending December 3 1 ,1887J
24,010
4,217
The Chronicle has been favored with an 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 December 31, 1887, and the aggregate product of
the year was 34,880,000 tone, or over 2,500,000 tons more than
in any previous j ear. Of such surplus your company con
tributed over 500,000 tons, and the result of its business for
the year is as follows:
Delaware & Hudson Canal Company.
4,316
3,722
4,101
2,900
114,474
Net Earnings 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
ment includes all roads, for the latest month and from Janu
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.
M o n th a n d C alendar T ea r.
—December.----- .
t—Jan. 1 to Dec. 31.-»
1887.
1886.
1887.
1886.
Road8.
$
$
$
$
Central of Georgia...Gross. 731,124 636,519 6,779,997 6,217,387
N et... 277,887 263,746 2,428,666 2,029,594
Central of N. Jersey..Gross. 974,880 995,925 11,528,588 10,742,89“
N et... 411,897 457,687 5,108,525 4,458,79*'
Chic..St. L. & Pitts...Gross. 523,407 469,425 5,862,764 4,842,31«
N et... 125,266 128,528 1,556,487
876,01°
74,693
Ft. W. & Den. City...Gross.
46,251
719,068
445,481
30,129
N et...
23,848
302,828
204,828
Memphis & Charles..Gross. 190,354 177,797 1,740,550 1,444,638
Net...
77,318
35,287
442,672
448,212
§ N. Y. L. E. & W-Gross. 2,029,935 1,985,149 24,464,236 23,002,509
N et...
481,517 559,741 6,717,228 6,283^836
N. Y. Ont. & W .......... Gross. 119,485
98,555 1,550,168 1,338,385
N et...
6,257
2,858
264,121
192,387
Northern Central.....Gross. 490,286 457,809 6,212,927 5,474,618
N et...def.l2,956 163,504 1,870,717 1,931,948
Pennsylvania............Gross. 4,892,954 4,428,216 55,671,303 50,379,068
N et..; 1,381,895 1,398,182 18,584,728 17,759,482
Pennsylvania Company—
Northw’n system..Gross. 1,585,696 1,350,956 18,532,322 15,469,215
Net...
394,782 339,458 6,618,883 5,526,236
Southw’n 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
[VOL. XLVI,
Coal produced at the mines of the com pany.........................
Coal transported for others.......................................................
4,063,586
983,701
Total to n s ............................................................. ................
5,047,287
The results of operations for three years past were as below
given, the net being a little over 5 per cent in 1885-6 and over
11% per cent in 1886-7.
Receipts from coal..................
Receipts from railroads........
Receipts from miscellaneous.
1885.
$6,958,149
7,455,450
847,267
1886.
$7,081,842
8,239,747
692,278
1887.
$9,951,163
9,189,974
461,507
All operating expenses..........
$15,260,866
10,724,906
$16,013,867
11,422,854
$19,602,644
13,388,570
N et.....................................
Taxes, interest and rentals...
$4,535,960
3,349,564
$4,591,013
3,415,526
$6,214,074
3,303,768
Balances..’.........................
$1,186,396
$1,175,487
$2,910,306
The net receipts of the railroad system increas°d $289,544
o v e r 1886; interest o n bonded debt was reduced $95,000; cash
on hand Dec, 31, 1887, was $3,663,840. The company is free
from floating debt.
SUMMARY OPiPROFIT AND LOSS OP ALL RAILROADS OPERATED.
Expenses—
Albany &8usquehacna.$l ,846,377
Rensselaer & Saratoga. 1,593,890
New York & Canada....
557,819
Pennsylvania (owned).. 1,923,753
Earnings—
Albany & Susquehanna.$2,786,321
Rensselaer & Saratoga. 2,474,687
New York & Canada...
858,076
Pennsylvania................ 3,070,387
$5,921,841
Interest, rental & div.. 2,158,619
$9,189,973
$8,080,461
Profit for year 1887___ 1,109,512
$9,189,973
The President’s report remarks further:
“ The profit and loss account of the ¡eased lines shows a
debit o f $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-
THE CHRONICLE.
Ja n u a r y 28, 1888.1
terments, and the large expenses so entailed have been charged
directly to operating expenses and not to construction.”
The additions to the equipment were as follows : 350 freight
cars, 7 passenger cars, 15 locom otives; 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
on both sides of Lake Champlain—will give it also all the
direct Montreal business to New York, and open up a new and
large field for the consumption of the company’s coal.
“ The earnings of the company and its strong financial
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 adopted 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 in quarterly
dividends of one and one-half (1%) per cent each. Beyond
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 hundred
thousand ($5,500,000) dollars o f bonds to be retired during the
year 1891, and to credit such appropriations as cash payments
on the stock to be issued therefore to stockholders of record
at the time when notice is given o f their right to subscribe,
and such proposition will be submitted to stockholders fir
their action at the annual meeting in May.”
Comparative statistics for four years are as follows :
PROFIT AND LOSS.
1884.
1885.
$
$
Sales or co a l.....................
8,213,157 7,201,049
47,240
- --54,551
Canal tolls........................
486,929 \ 792,716
Miscellaneous profits.......
284,464 S
Interest on Investments..
892,804
Coal on hand (Deo. 3 1 )...
649,905
830.542
694,941
Railroad earnings in Penn
T ota l............................. 10,755,136 9,393,162
Disoursements—
$
Coal on hand Jan. 1..........
745,436
892,804
Mining coal......................... 4,549,480 3,975,297
Trans.to tidew’ ter via Erie
557,500
592,803
Transportation expenses,
canal, lease. &c.............. 1,455,805
826,987
nterest........ 1..................... 1,198,885 1,082,768
300,453
Termin’!expense &miscel.
341,026
244,120
Taxes............... ..................
222.323
Loss on leased railroads...
174,490
313,330
Balance............................... 1.488,094 1,186,396
Total............................. 10,755,136 9,393,162
Receipts—
1886.
1887.
$
$
7,399,095 10,100,118
------------58,410
66,505
633,867
595,001
332,653
183,697
841,662 1,147.134
9,265,687 11,892,457
$
649,905
332,652
4,239,907 5,019,147
873,517 1,159,114
767,151
885,810
1,069,067
973,571
285,230
402,656
183,699
171,577
21,695
37,622
1,175,485 2,910,305
9,265,687 11,892,457
133
OPERATIONS AND FISCAL RESULTS—LESSEE’S REPORT.
O p era tion s —
1883-84. l i 1884-85.
1885-86.
1886-87-
Passengers carried .
323,201
308,615
317,485
8 3 6 ;# !’
Passenger mileage.. 18,741,460 19,165,187 19,023 841 20.080,902:
A y . rate p. pass. p. m. 2'425 ots.
2-187 cts.
2*243 cts.
2'325 Ots.
Freight (tons) mov’d.
1,144,510 1,200,910 1,198,663
1,456,197
Freight (tons) mil’ge. 104.209,720 107,920,692 111,851,653 142,867,273
Av. rate p. ton p. m . 0 843 ots.
0-730 cts.
0-792 cts.
0-788 eta.
Earnings—
Passenger................
454,518
419,105
426,698
466,807
Freight................. .
878,459
787,720
885,720 1,125,723:
Mail, express, &o... .
157,330
165,823
165,913
164,474
Tot. gross earn’gs
Operating expenses.
Net earnings...........
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
INCOME ACCOUNT ST. LOUIS VANDALIA <b TERRE HAUTE COMPANY.
Receipts—
Ren’l. 30 p. e. earns.
Disbursements—
Interest on debt___
Taxes.......................
General expenses..
Tot. dibburs’m’ts..
Balance, surplus*..
1883-84.
1884-85.
$
$
1885-86.
*
1886-87.
*
447,092
411,794
443,499
527,111
314.930
46,359
794.
314,930
49,894
563
314,930
55,123
638
314,930
48,315
369
362,083
85,009
365,387
46,407
370,691
72,808
363,614
163,497
* The result to the lessee on the four years’ operations was as follows :
1883-84, loss, *71,549 J 1884-85, profit, *39,169 ; 1885-86, profit, *23,686 ; 1886-87, profit, *117,821.
t N o t e .—Since this report was presented at the meeting of stockholder»
a decision has been rendered by the Court in the suit of the St. Louis
Yandalia & Terre Haute Railroad Company vs. the Terre Haute &
Indianapolis. A decision was recently made, the substance of this being
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 Government will resume payment of subsidy.
It is optional with the Government when and in what amounts
it will pay this subsidy. Suspension of payment was made
when the treasury became embarrassed under the Gonzalez
administration. The Boston Herald says : “ There remains due
an amount equivalent to $1,477,754 56 in United States cur
rency, 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 o f New Jersey.—Operations for 1887 (December
being partly eetima’ ed) show the following earnings 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):
Delaware Lackawanna & Western R ailroad Co.
( For the year ending December 31, 1887.^
The following brief summary for 1887 is the annual report
Increase. Decrease.
Earnings from —
1887.
1886.
............
$6,660
of this company. The statement for the year 1887 compares Passengers...................... *2,214,608 $2,221,268
Freight
and
express....
3,486,024
2,835,559
*650,464
.......
with 1886 as follows:
252,652
Anthracite coal.............
5,433,243
5,180,590
Deduct interest on bonds, and rentals
Less new rolling stock, (including 674
merchandise freight cars, 701 8-wheel
Hopper cars, 16 passenger cars and
locomotive engines, with new side
tracks, in 1887)........................................
Balance, net profit, equal to 11 &7ioo P-
1886.
$32,342,865
24,954,433
1887.
$39,845,856
39,694,000
*7,388,432
*9,151,856
5,186,711
5,203,420
*2,201,721
*3,948,436
164,029
810,061
*2,037,692
$3,138,375
Not deducting the above $810,061 for betterments in 1887
the surplus would be about 15 per cent instead of 11 97-100.
St. Louis Yandalia & Terre Haute R ailroad Company.
( For the year ending October 31,1887.^
The report of this company says that the large gain in the
freight earnings, amounting to $340,004, rr 27 1-10 per cent,
resulted from both local and through traffic. The former in
creased $2,891, the through tonnage increased 222,975 tons,
and the revenue from this source increased $237,112, or
43 21-100 per cent. This average rate per ton per mile on this
class of tonnage shows an increase of 49 100 mills per ton per
mile, or 8 6-10 per cent. The average rate on through tonnage
in 1887 was 6 19-100 mills, against 5 7-10 mills in 1886. This
large increase in the tonnage and revenue is mainly the rebult
of the general prosperous condition of the business of the
country during the past year, under which manufacturing and
commercial transactions have been enlarged, although the
agricultural interests tributary to the road suffered somewhat
in comparison with the previous years.
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 November 1, 1887, $91,000 for interest on the
second mortgage bonds, leaving a net balance of $539,958 due
by leas ee October 31, 1887.
Doubts having existed as to the validity, both under the
statutes of Illinois and Indiana, of the lease between this com
pany and the Terre 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., praying for the cancellation o f this lease.f
. The comparative statement for four years is as follows :
U. 8. Mail.......................
23,533
Miscellaneous.......... .
371,177
481,424
............
*785,696
Totals.. . $11,528,587 *10,742,891
135,964
Operating exp. &taxes.
6,420,062 6,284,098
*4,458,793 *649.731
Net earnings.... *5,108,525
38,343
Fixed charges.............. ......4,581,704 4,543,361
$611,388
Surplus........
$526,820
$84,568
Deficit............ .................
.......... .
24,047
110,247
Chicago & Eastern Illin o is.—There has been much inter
est in the affairs of tb is company, which has become prom
inent among the Illinois corporations by its consolidation and
alliances. 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
page under the title of “ Reports and Documents.” These
applications contain extended information as to the status of
the company.
Chicago B urlington & Quincy.—This company has sold
$8,000,000 additional Nebraska extension 4s to a syndicate o f
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 87^@88. The
$12,000,000 issue in 1887 was placed at 9 5 ^ @ 9 6 ^ .
Chicago St. Louis & P ittsburg.—The gross and net earn
ings and charges for December, and for the twelve months
ending Dec. 81, were as follows :
,------------ December.-------------> ------------- Tear.------------- <
1887.
1886.
1887.
1886.
Gross earnings___ $523,407
$469,425
$5,862,764 *4,842,31«
Expenses................ 398,141
340,897 4,306,277
3,966,301
Net earnings.,... *125,266
Charges..................
90,938
*128,528
*82,747
*1,556,487
1,236,551
$876,015
1,191’131
B alance........ sur.*34,328 sur. $45,781 sur.*319,936 def. $315,110
Florida Central & W estern.—The adjourned foreclosure
sale of the Florida Central &|Western Railroad is announced
to occur on February 6th.
Georgia M idland.—It is stated that the reprefentatives of
the Georgia Midland recently offered the control of that line
to the East Tennessee Road, on condition that the latter
TH E CHRONICLE.
134
C '. .
—v " ~
would guarantee the interest on the outstanding bonds of the
Midland, and pay some small price for a majority o f the
«took. The East Tennessee directors declined the offer.
Grand Rapids & Indiana.—An approximate statement
for year ending Dec. 31, 18S7, 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.
Interest on funded debt, $715,600; surplus for year, $126,212;
deduct for advances and for account of businf ss prior tó April
Ï, $54,764; net surplus 1887, $71,447; net surplus 1886, $14,187;
¿Uórease, $57,260.
■Mississippi & Tennessee.—The stockholders of this railroad
company have voted to issue $2,500,000 general mortgage 4 per
cè^tpopds.
New York Providence & Boston.—Stockholders of this
railroad of record February 1 are offered the privilege of sub
Scribing to the $1,000,000 new stock at par. Money to be used
rar bridge over the Thames at New London.
*
New York Stock Exchange—New Secnrities Listed.—The
Governing Committee of the Néw York Stock Exchange has
listed the following securities:
Gincinnatti J ackson & Mackinaw .—$616,000 additional
first mortgage consolidated five per cent gold bonds, making
t^ie total amount listed to date $2,016,000.
Gulf Colorado & Santa F e R ailw ay .—$1,494,000 addi
tional second mortgage six per cent gold bonds, making the
total amount listed $7,494,000.
1 M ilwaukee L ake Shore & W estern R ailw ay .—$600,000
additional convertible debenture five per cent gold bonds,
making the total amount listed $1.200.000.
^T." Louis Sç San F rancisco Ra ilw a y .—$7,144,000 addi
tional general mortgage fifty year five per cent gold bonds to
be added to the list from time to time by thè Committee on
Stock List, as said committee shall receive official notice that
said bonds are issued, and that the first mortgage six per cent
bonds of the South Pacific Railroad Company of Missouri, due
July 1, 1888, shall from time to time be reduced in amouut
upon the list on official notification that they have been
4^posited with the proper authorities for exchange.
" Northern P acific Railroad .—Duluth & Montana Railroad
(Dakota Division) $1,451,000 first mortgage sinking fund six
per cent g Id bonds.
'R ome W atertown & Ogdensburg R ailroad .—The Stock
Lrit Committee on and after February 2 is authorized to add
to thé amount now listed, from time to time, 17,635 additional
shares of capital stock and $723,000 first consolidated mort
gage five per cent gold bonds, and that the stock of the Utica
& Slack River Railroad be reduced upon the list from time to
$iipp as deposited for exchange.
T ennessee Coal & I ron R ailroad .—$1,180,000 consoli
dated first mortgage six per cent gold bo,nds, Tennessee
division ; also that the “ consolidated sixes of 1901” and “ South
Pittsburg first sixes of 1902” o f this company be stricken from
the list.
W abash St . L ouis Sc P acific R ailw ay —(Purchasing Comrjaittee).—The engraved Central Trust Company certificates of
deposit for the various securities 'under the reorganization
plan.
" C h ic a g o R o ck I s l a n d & P a c if ic R a i l w a y .— $5,000,000
first mortgage extension and collateral five per cent bonds,
making the total amount listed $19,960,000.
Chesapeake Ohio & Southwestern R ailroad .—$128,000
additional second mortgage six per cent thirty year bonds;
making the total amount listed $2,895,000.
Chicago & E astern I llinois Railroad .—$3,000,000 pre
ferred stock and $3,000,000 common stock be admitted to the
Regular 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
fcpndp for $1,000 and $5,000 into which the coupon bonds may
4>e conveited.
New York Susquehanna & Western.—This company
«le¿lined payment of thé coupons maturing lâpt ye r on its
¿lebemure bonds unless the holders would agree to accept new
refunding bonds carrying a lower rate of interes\ Suit was
brought by Letbeus B. Ward to test the matter, and the Gen
eral Term of the 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, alt but
$23,000 have been exchanged for the new refunding 5s. Of
trie total issue of debenture bonds $503,500 have been ex
changed for the new
per cent bonds. The total issue of
debentures is $600,000, leaving outstanding and unconverted
to date $96,500. The refundirg scheme is an assured success.
N orfolk & Western.—The bonds sold by President Kimball,
o f the Norfolk & Western Railroad, in London, were the
improvement 6?, which have been in the treasury. He disJpòséd of $600,000, at 101 % percent, as reported.
Northern Bacille.—This company reports the completion
.-ana opening for business of thé Missôula & Bitter Root valley
(Sfontana) Railroad. The çorisiructiQn agept says that he
regards the pew line as one of the most prQpjisipg of the
Northern Pacific’s feeders, and the most valuable extension
o f the company in Montana.
Pennsylvania R ailroad.—The gross and net earnings for
December and for the years 1888 and 1887 vere as below
stated. On the lines west of Pittsburg & Erie the net results,
[YOU XL'VI.
r
after payment of interest and all charges, is shown in the
second table.
LINKS EAST OP PITTSBURG & ERIB.
------dross Earnings.——* r -— Net E arnings------ ■>
1887.
1886.
1887.
1886.
Jan. 1 to June 3 0 .. $26,370,724 $23,250,164 $8,784,383 $7,669,624
July.........................
4,654,370
4,356,677
1,673,541 1,580,628
August....................
5,022,012
4,585,390
3,907,536 1,905.045
September.......... .
5,006,568
4,674,052
1,758,195 1,816,535
October................ ..
4,989,521
4,737,351
1,722,989
1,862,748
N ovem ber.............
4,735,154
4,347,218 f 1,356,190 1,526,721
December...............
4,892,954
4,428,216
1,381,894 1,398,181
Total year........$55,671,303 $50,379,068 $18,584,728 $17,759,482
LINES WEST OF PITTSBURG & ERIE.
Net surplus or deficit afterpaym ent o f charges.
1887.
1886.
D iff. in 1887.
Jan. I t o June 30.. Sur. $410,484
Def. $514,923
Gain. $925,407
J u l y . . . . . . . . . . . ; . . Sur.
87,008
Stir. 262,508
Loss. 175,500
282,455
Sur.
78,651
Gain. 203,804
August........ ........ Sur.
September............ Sur.
255,981
Sur.
81,328
Gain. 174,653
October................Sur.
280,485
Sur. 264,260
Gain.
16,225
N ovem b er..... . . Def.
46,904
Sur.
49,499
Loss.
96,403
December.............Sur.
00,591
Dfef.
15,535
Gain. 106,126
Total year ...Sur. $1,360,100
Sur. $205,788
Gain. $1,154,312
Philadelphia & Erie.—The Finance Committee of the
Philadelphia & Erie board of directors have under considera
tion plans for taking care o f the $3,000,000 first mortgage
bonds which mature July 1. Two suggestions have been
made, one to extend the bonds at 4 per cent for a long term,
and the other to extingush the mortgage and issue general
mortgage 5s in place o f the matured first mortgage bonds.
P hiladelphia & Reading.—The case of Thomas Prake
against the Philadelphia Sc Reading Railroad Company, being
an action to recover interest which was due and unpaid on
the bonds of the Schuylkill Navigation Company which had
been guaranteed by tbp Reading, has been decided in favor of
the plaintiff by Judge Arnold in Philadelphia.
S i. Louis & San Francisco.—This company has negotiated
with a syndicate $7,144,000 of its 5 per cent general mortgage
gold bonds due in 1931. The proceeds of the sale of these
bonds are to be used in retiring a like amount of South Pacific
first mortgage bonds, which fall due July 1 next, by which
the company will save $71,000 per annum in interest, while
the lien o f the general mortgage bonds is materially
strengthened.
St. Paul M inneapolis & Manitoba—Eastern o f Minne
sota.—Bankers have purchased $3,500,000 of the 5 per cent
bonds of the Eastern Railway of Minnesota (a property of the
Manitob <)• The Manitoba Company is not yet prepared to
deliver the bonds, which will probably come into the posses
sion of their purchasers by the middle of April. Tae Eastern
Railroad o f Minnesota will connect the Manitoba Company’s
system of nearly 3,000 miles of railroad with the head of Lake
Superior, between the cities of Superior and Duluth, and the
new line runs from Hinckley to that point, 70 miles. The
Eastern of Minnesota now owns valuable terminals at West
Superior, arid the mortgage covers the Eastern of Minnesota,
and all the company’s terminals at Superior and Duluth now
owned or hereafter to be acquired. The mortgage indebted
ness is limited to $5.000,000, and the Manitoba Company agrees
in floating these $3,500,000 bonds to^make no further issues
this year on the E. and M. property. Any additional bond
i sues on the line mu tbeatth e rate of $10,000 or less per mile.
The Manitoba Company has heretofore had a connection with
Duluth by means of a traffic arrangement with the St. Paul Sc
Duluth Railroad.
Texas & 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
$25,000,000 each. This motion, being assented to by all inter
ests concerned, was granted by the court, and the execution of
the bonds and mortgages will be immediately proceeded with,
and there remains nothing to delay the delivery of these new
securities in accordance with the plan of reorganiz ition,
except the time required for the signatures 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
reorganization without confirming the recent foreclosure sale,
so that the valuable franchises under the United States charter
will be preserved, and it is also probable from the present out
look that the receivership will yet be continued for more than
a year as the best means of protecting bondholders’ interests,
until the animal election in March, 1889.
—The suit of Mr. H. S. Marlor againstjthe Texas & Pac. Rail
road Go. on the land grant and income bonds has just been
decided by the U. S. Supreme Court, and the decision of
Judge Blatchford in favor of the plaintiff has been sustained.
By this decision the plaintiffs claim for interest in cash fcr the
amourit 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;
track 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, $208,1133!;
1887, $19,795; special taxes, $7,611; interest on first mortgage
bonds, $1,465,118; cash balance on hand Decemberfil, $334 027,
SSI
TH E CHRONICLE
J anuary 28, 1888.]
C H IC A G O & E A S T E R N I L L I N O I S R A I L R O A D C O M P A N Y .
%cpavt3 atrfl Documents.
’ CHICAGO & EASTERN ILLINOIS RAILROAD CO.
(CONSOLIDATION AND REORGANIZATION.)
APPLICATION TO THE N. Y. STOCK EXCHANGE (FOR BONDS).
N e w Y o r k , J a n u a ry 12,1888.
T h e C h ica g o & E astern Illin ois R a ilroa d C om p a n y desire t u
APPLICATION TO THE N. Y. STOCK EXCHANGE (FOR STOCK). h a v e p la ce d o n th e regu la r list o f th e N ew Y o r k S t ò c k
E x c h a n g e $2,518,000 o f th eir gen era l con solid a te d a n d first
N ew Y ork , Jan. 12,1888.
This company is a consolidation of the Chicago & Eastern m o r tg a g e 5 per ce n t b on d s, n u m bers fr o m 6,401 to 8,918»
Illinois Railroad Company, the Strawn & Indiana State Line in clu s iv e , and th e ìeg is te re d b on d s in to w h ic h th e said b o n d s
Railroad Company, and the Chicago Danville & St. Louis Rail m a y he con v erted , Said b on d s are da ted N òv . 1 ,1 8 8 7 ; du e
road Company, as per articles of consolidation dated Novem N ov. 1, 1937; th e in terest is p a y a b le M a y a n d N o v e m b e r, in
ber 12, 1887, and filed in the office o f the Secretary of State of th è c it y o f N ew Y o r k , at th e o ffice o f th e C en tral T ru st C o m
p a n y o f N ew Y o r k
T h e T rustee is th e C en tral T rust C o. o f
Illinois, November 18, 1887.
... .
The length of the track owned aiid operated by this com- N ew Y o r k , w h o are a ’ so registrars of- th e registered b on d s.
T h e a b ov e b op d s a re gen era l con solid a ted and-first, m ortgageany is 370 6-10 miles, extending from Chicago to Terre Haute,
ndiana; from Danville, Illinois, to Tuscola, Illinois; and on th e en tire p ro p e rty o f th e C h ica g o & E astern Illin o is R a ilroà d C om p a n y , situ a ted in th e States o f Illin ois a n d In d ia n a ,
from W ellington, Illinois, to Cissria Park, Illinois.
and are issued f o r th e fo llo w in g p u rposes:
The liabilities of the company are :
To retire the present outstanding bonds of all issues, as
First mortgage 6 per cent sinking fund b o n d s ..................... $3,000,000
provided in the mortgage, amounting to ...................
$8,000,000 00
Income b
o
n
d
s . ...................... .....
64,000
tbe purchase of equipment, as provided in said mort=V...»
F m t mortgage 6 per cent bonds (Danville & Grape Creek RR.)
121,000 For
gage
..................
..............
...........................................
...
112,Q00 On account of tbe acquisition by consolidation of 266]0 440,000 00
First mortgage 6 per cent extension bonds................... .
F i r s t c o n s o l id a t e d m o r t g a g e 6 p e r c e n t b o n d s . . . . . . . . . - ......... 2,703,000
miles of additional railroad, between Sidell and Tuscola,
400,000
Collateral trust bonds ......................... ..................•*av
111., at $18,000 per mile......................................................
478,000 00O
General consolidated and first mortgage 5 per cent bonds,
dated Nov. 1,1887............. ....................................................... ' 2,518,000
$8,918,000 0 0
Total outstanding bonds......................................—..............$8,918,000
A d d itio n a l a m ou n ts o f th ese g en era l con solid a te d a n d first
The company also guarantees the interest on the following m ortg a g e b on d s ca n b e h erea fter issu ed o n ly u p on th e a c q u i
sition or co n stru ctio n o f a d d ition a l r a ilw a y o r d ou b le tr a c k ,
securities:
or fu rth e r pu rch a se n f eq u ip m en t u p o n th e fo llo w in g ba sis:
Evans. Terre Haute & Chic. Railway Co. first mort. bonds.. . . $775,000
Evans. Terre Haute & Cbic. Railway Co. second mort. bonds.
325,000 For each mile of additional railroad completed for opera
tion, not exceeding...........................................................
$18,000 00
Evansville Terre Haute & Chic. Railway Co. Income bonds...
150,000
Indiana Block Coal RR. first mort. 7 p. c. sink, fund bonds..
150,000 For each mile of second or additional track completed (not
8,000 00
however including side track). , .......................... ......... .
Strawn & Ind. State Line RR. Co. first mort. sink, fund bondsl 50,000
For purchase of equiphn-nt (not, however, exceeding
actual cost) for each mile of continuous railroad now
The authorized capital consists of : Preferred stock, 6 per
owned or hereafter acquired....................................... .—
7,000 0 0
cent, $10,000,000; common stock, $15,000,000.
T he c o m p a n y also gu arantees th e in terest o a th e f o llo w in g
On the road at present owned, stock has been issued as fol
lows : Preferred stock, $3,000,000; common stock, $5,000,1)00. securities:
No additional stock of either class can be issued except upon Evans. Terre Haute & Chic. Railway Co first mort. bonds $775,000 OO
the acquisition or construction of additional road, and then Evans. T. H. & Chic. Railway Co. second mort, bonds. . . . . 325,Q0Q 00
Terre Haute & Chic. Railway Co. income bonds
160,000 00
not exceeding $10,000 per mile of preferred stock and $15,- Evansville
Indiana Block Coal RR. Co. 1st mort. 7 p. c. sink. id. bonds
150,000 OO
000 per mile of common stock.
Strawn & Ind State LineRfi. Co. first mort. sink. fd. bonds.
150,(jO0 OO
The company has cash and sundry securities on hand as
In a d d ition to th e ra ilroa d itself th e c o m p a n y has ca sh a n d
fo llo w s:
su n d ry securities o n h an d as fo llo w s :
Cash........................................... ............................................. $1,251,463 03 Cash
................................................................... ...............$1,251,463 OR
Less th e fo llo w in g in d eb ted n ess:
Less the following indebtedness:
Bills payable (not yet due).............................. $135,000 00
u ...
Bills payable (not yet due)........ ....................... . $135,000
Pay rolls and vou ch ers.............................. .
190,000— 325,00000 Fay rolls and vouchers....................... -r............. 190,000 00— 325;000 00
(CONSOLIDATION AND REORGANIZATION.)
?
Cash above i n d e b t e d n e s s ......................................... $926,463 03
First con solida ted noortgàge bonds ............. .................. ..
51,000 OO
Capital stock of the Chicago & Western Indiana RR. Co... 1,000,000 GO
Capital stock of the Belt Railway Coihpany of Chicago—
40,000 00
Sunday other s e c u r i t i e s . .....................
175,545.00
Capital stock preferred (C. & E. I. R. R .).............................
2,472 20
Capital stock eofiimOn........................................................... 2,002,472 '20
T h e len g th o f th è ro a d o w n e d a n d op erated b y this c o m
The equipment owned by the company is as follow s: 65
locomotives, 46 passenger cars, 8 baggage cars, 2 mail and p a n y is as fo llo w s :
main track.................................... ..................... - .......... 178-0express cars, 1 pay car, 3,824 coal cars, 1,161 box cars, 137 Milesowned,
Miles owned, side track ................................................. ..................... 72‘0
Stock cars, 96 refrigerator cars, 66 flat cars, 29 caboose cars, 8 Miles leased, main track........................................................................ 99'0
Miles leased, side track........................................................................... 2 VO
other cars.
Cash over indebtedness...................................................... $926,463 03
First consolidated mortgage bonds........ .............................
$51,000 00
Capital stock of the Chicago & Western Indiana RR. C o... . 1,000,000 00
Capital stock of the Belt Railway of Chicago-------- ---------40 000 00
Sundry other securities..............................................
175,545 00
Preferred stock (Chicago & Eastern],Illinois RR.)...............
2,472 20
Common stock (
do.
do.
) ............. 2,002,472 20
.
The gross earnings from Jan. 1, 1887, have been as follows .
Total miles owned and leased........... ......................................,,.,370-0
January........................ $155,062 61 ’ August,..........................$183,979 66
T h e eq u ip m en t o w n e d b y th e co m p a n y consists o f 65 loeo.141,289 27 September.................... 183,420 91
February......................
March..........................
169,34204
October.............. 203,970 58 m otives, 37 passenger cars, 9 co m b in a tio n passenger ca r^ .8
b a g g a g e cars, 2 m a il a n d express cars, 1 p a y ca r, 3,824 c o a l
154,262 16 November................... 200,33720
April.......................
M ay................................ 155,95348 Dec. (partly estim’ed) 184,698 41 cars, 66 flat cars, 187 stock cars, 1,161 b o x c a r s , 96 refrig e ra to r
June..............................
168,97312"
J u ly ......................... .. 170,314 81 I Total for the year. .$2,071,604 25 cars, 29 caboose Cars an d 8 oth er cars.
T h e gross etim in gs fr o m Jan. 1, 1887, h av e been as fo llo w s :
dperating expenses a n i taxes (Dec. partly èstimated). . . . 1,253,000 00
$170,314 81
Janu ary............. .
$155,062 61 July...... ................
183,979 66
Net earnings........................................................................ $818,604 25 February..................
141,289 27 August......................
183,420 91
M a r c h ................
169,342 04 September__ . . . . . . .
OFFICERS:
203,970 58
A pril..............
"154,262 16 O ctober.....................
200,337 20
May............................
155,953 48 November.............
184;698 41
H H. Porter, Presid’t,Chicago. Geo. C. Kimball, Yice-Pres’t, June.......................... 168,973 12 D ecem ber................
Chicago.
_ H. A, Riibidge, Sec., Chicago
C. W . Hillard, Treasurer, Chicago.
O. S. Lyford, Yice-Pres. do.
d ir e c t o r s :
R. P. Flower, Benjamin Brewster, H. R. Bishop, Henry Sei
bert, Richard M. Hoe and Ogden Mills, New York; H. H. Ste
vens and Geo. H. Ball, Boston; H. H. Porter and O. S. Lyford,
Chicago; J. G. English, Danville. 111.
Application is hereby made for admission to the regular list
o f the New York Stock Exchange of $3,000,000 preferred
stock and $5,000,000 common stock.
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 Regis
trars of the stock and the Metropolitan Trust Company 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 o f the articles of consolidation, one of
them duly certified. Respectfully,
H. H. P o r t e r ,
President Chicago & Eastern Illinois RR. Co.
¿. The Committee ' recommended that the above-mentioned
$8,000,000 preferred stock and $3,000,000 o f the common stock
be admitted to the regular list. Also that the $3,000,000 of
the. common stock of the old company be stricken from the list.
Adopted by the Governing Committee, Jan. 25, 1888,
Total for the year 1887............v....... .......... ... **v*V **
Operating expenses and taxes, Dec. portion estimated—
l,25o,000 Uv
Net earnings............... .......................................................
$818>604 25
Sample o f the bonds accompanies this report and also six
copies of ihe mortgage, one of them duly certified, as required
by the by-laws o f the Stock Exchange, Original of said mort
gage is filed with the Central Trust Co. of New York, Trustee.
o f f ic e r s :
H. H. Porter, Chicago......................... .President.
O. S. Lyford, ChiI H. A.Rubidge, Chi
cago. . . . . . . . . . . .Vice-Pres’t. j cago.
. . . . .Secretary.
Geo. C. Kimball,
I C. W . Hillard, Chi-.
Chicago.............Vice-Pres’t. | ca g o................... .Treasurer.
DIRECTORS:
Messrs. R. P. Flower, Benjamin Brewster, H, R. Bishop?
Henry Seibert, Richard M. Hoe and Ogden Mills, o f N ew
York; H. H. Stevens and Geo. H. Ball, of Boston; H H. Por
ter and O. S. Lyford, of Chicago; and J. G. English, of Dan.ville, 111.
H. H, PORTER, President.
The Committee recommended that the above described
$2,518,000 general consolidated and first mortgage 5 per cent
bonds, Nos. 6,401 to 8,918, inclusive, and the registered bcilds
for $1,00() and $5,000 into which the said coupon bonds itltj
be converted, be admitted to the regular list.
Adopted by the Governing Committee Jan. 25,1888,
186
IH E
2 £ h je
C o n u n je m a l
COMMERCIAL
ÿ i m
CH RONICLE
IVOL. XLVI.
COTTON.
r »
EPITOME.
T he Movement
of the
Frid ay , P. M., Jan. 27, 1888.
Cr o p , as indicated by our telegrams
from the South to-night, is given below. For the week ending
this evening (JaD. 27), the total receipts have reached 90,130
F r id a y N ig h t , Jan. 27, 1888.
bales, against 105,403 bales last week, 145,741 bales the previous
The weather has continued severe and in the past 48 hours week and 159,308 bales three weeks since, making the total
a violent snow storm has so obstructed the railways of this receipts since the 1st of September, 1887, 4,486,132 bales, against
4,346,172 bales for the same period of 1886-7, showing an in
State that the running of trains has been partially suspended. crease since September 1, 1887, o f 139,960 bales.
Many of the harbors on the New England coast are nearly
Receipts at—
Mon.
Sat.
TotáL
Tues. Wed. Thurs. Fri.
dosed by ice. A t the West and Southwest the weather has
395 2,168 2,667 2,207
8,964
919
608
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
general situation to counteract them, exert a depressing influ Mobile........ .
164
729
767 2,037
460
314
4,471
ence in mercantile circles.
Speculation 'on the several Florida.............
131
131
exchanges has been dull, and the turn o f prices, with few Savannah ........ 1,701 2,840 2,405 1,492 2,212 1,590 12,240
1,020
1,020
exceptions, slightly downward. In fact, the possibility that
976 1,735
967 1,376
8,057
Charleston.......
717 2,286
prices generally may suffer some shrinkage as the season
....... .
......
378
378
Port Royal,&c ' ___ _
advances, is another circumstance whicji causes spring trade Wilmington__
140
3,047
725 1,020
249
728
185
to open slowly.
75
75
860
512
644
5,265
786 1,217
The speculation in lard for the week under review has at N orfolk ............ 1,246
904
870 1,054
989 1,232 5,097 10,146
West Point, &c
times shown much depression. There were sharp declines on
895
6,842
1,020
860 1,530 1,699
New York*........
838
Monday and Wednesday, and still lower prices were made on B oston .............
284
517
124
279
2,058
715
139
Thursday, but a quick and sharp recovery followed on Thurs Baltimore........ . . . . .. . . . . . .
......
...... 1,786 1,786
111
817
167
127
188
16
208
day afternoon. Speculative manipulation has been the active Philadelphia, &c
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
demand, there was a partial recovery, and to-day further total receipts, the total since September 1, 1887, and the stock
advanced, closing at T’GOc. for prime city, 7,80@7,87^c. for to-night, and the same items for the corresponding periods of
,
_________________
prime to choice Western, 7‘900, for refined to the Continent last year.
Stock.
1886-87.
1887-88.
and 8'45c. for South America.
D AILY CLOSING PRICES OF LAUD FUTURES.
Saturd’y. Mond’y Tuesd’y. Wednsd’y. Thursd'y. Friday
7-59'
7-60
7-59
7-64
7-78'
February deliv’y .. 7-67
7-65
7-65
7-62
7-82
March delivery___ 7-74
7-68
7-72
7-71
7*74
April delivery..... 7-82
7-68
7-83
May delivery........ 7-87
7-78
7-76
7-74
7-80
7-94
7-85
7-83
7-80
June delivery........ 7-93
7-85
8-00
7-89
July delivery......... 7-99
7-91
7-84
7-90
8-05
Receipts to
Jan. 27.
This Since Stp.
Week. 1,1887.
This Since Sep.
Week. 1,1886.
Galveston ...
8,964 594,114 10,385 641,074
Ind’nola,&c
New Orleans. 24,833 1,371,420 49,911 1,372,143
4,471 183,035
6,377 187,651
Mobile..........
131
21,677
607
20,520
Pork has latterly been very active and closes firm ; mess, Florida........
$15@$15 50 ; extra prime, $12 75@$13, and clear $16@$18 25. Savannah ... 12,240 771,288 14,865 712,165
3,020
51,587
25,255
1,078
Cutmeats have been active and close slightly dearer ; pickled Charleston .
8,057 360,282
5,402 319,062
bellies, 7% @7% c ; shoulders,
6%c,, and hams
10c.;
11,556
P.Royal, &c
378
14,873
297
3,0 Í7 159,465
2,151 126,586
smoked shoulders, 8@8)£c., and hams 11@11%. Beef and Wilmington
Wash’t’n.&c
75
4,512
38
3,559
beef hams remain quiet and nearly nominal. Tallow steady
5,265 400,640 11,178 443,842
Norfolk........
at 5c. Stearine is quiet at 834c. Oleomargarine is quoted at
W. Point, &c 10,146 416,037 11,096 263,096
fic. Butter is dull at 21@S4c. for creamery, the outside figure New York___ 6,842
46,562
68,302
7,343
for Elgin fa n cy ; Western extra selling at 31@32c. and extra Boston.......... 2,058
55,156
6,306
56,976
1,786
19,420
3,430
37,624
firsts at 27@30c. Cheese is unchanged ; State factory, full Baltimore ...
Phil’del’a, &c
817
23,444
19,381
2,067
«ream,
and skims 4@10c.
1888.
1887.
40,238
79,554
374,418
40,600
392,785
29,304
82,331
69,857
39,893
38
13,505
31,123
655
6,437
53,619
6,582
247,714
21,500
19,962
8,876
25,721
9,326
245,637
9,271
18,552
14,601
T ota ls....... 90,130 4,486,132 132,531 4,346,172 949,276 932,823
The business in options for Rio coffee has been active, but
In order that comparison may be made with other years, we
this was due to the freer offerings on foreign account, and led
give below the totals at leading ports for six seasons.________ .
to a rapid decline in prices which culminated to-dav in a
1887.
1884.
1886.
1885.
1883.
semi-panic, closing this afternoon with sellers as follows for Receipts at— 1888.
Galvest’n, &c
8,961
10,385
4,020
13,394
12,451
22,347
delivery in 1889 :
Jan.................. 14-05c. May............. ....12-150.
F eb ................... 12-75c. June... ............12-OOc.
March...............12-40c. July...................11-75C.
A p r il................12-250. Aug ................. .11-600.
Sept....................11-50c.
O ct..................... 11-350.
Nov................. ..11-250
D ec.....................ll-25o'
Coffee on the spot has also declined, but not so much as
options; fair cargoes Rio quoted nominally at 17q., but there
were sales at 13%c. for No 7 and 14)£c. for No. 6 afloat; also
prime Maracaibo at 1634c. Raw sugars have been dull and
drooping, closing nominal at 534c. 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 tobacco has been more active at better prices;
sales for the week are 650 hhds., of which 300 hhds. for export
at 4$4@634c. for lugs and 6J4@15c. for leaf. Seed leaf fairly
active and steady. Sales for the week are 1,470 cases, as fol
low s: 230 cases 1881-85 crops, Pennsylvania, 9@ 1434c.; 400
cases 1886 crop, do., 10@15c.; 200 cases 1886 crop, Wisconsin
Havana, 8@10c.; 200 cases 1886 crop, New England, 12@16c.;
150 cases 1886 crop, do. Havana seed. 13@30c.; 140 cases 1886
crop, State Havana, 10@20c.; and 150 cases sundries, 7@28c.;
also 450 bales Havana, 63c, @$1 10, and 200 bales Sumatra at
$1 40@$1 75c.
Spirits turpentine declined materially, closing dull and
nominal at 40c. Rosins are quiet at $1 10@$1 15c. for strained.
The speculation in crude petroleum certificates has declined,
under free offerings, and closes fairly active at 8834@88%o.
The Metal Exchange has been the scene of an excited spec?
illation in ingot copper, but to-day the market was quiet, only
a limited business being done, at 16 75c. down to 16-65c. for
April. Lead has been active at 4-9234@4-97J4c. for the early
months, but closes dull and weak.
New Orleans.
Savannah ...
Charlest’n,&c
Wilm’gt’n, &c
Norfolk........
W’t Point, &c
All others___
24,833
4,471
12,240
8,435
3,122
5,265
10,146
12,654
49,911
6,377
14,865
5,699
2,189
11,178
11,096
20,831
51,135
13.057
18.058
6,630
1,938
12,121
4,616
13,855
28,619
2,925
6,455
5,788
1,112
9,571
3,124
13,681
42,017
6,401
10,556
7,296
1,349
14,784
4,410
12,846
63,650
12,063
19,021
14,537
5,255
17,949
3,685
12,800
Tot. this week
90,130 132,531
134,804
75,295
112,110
171,316
Since Sept. 1 4486,132 4346,172 4113,246 4126,992 3981,316 4319,947
Galveston includes Indianola; Charleston Includes Port Royal, &c.;
Wilmington includes Moreh’d City, &c.; West Point includes City Point, &c.
The exports for the week ending this evening reach a total
of 105,549 bales, o f which 55,697 were to Great Britain, 9,843
to France and 40,009 to the rest of the Continent. Below are
the exports for the week and since September 1, 1887.
Week Ending Jan. 37.
From Sept. 1,1887, to Jan. 27,1888
Exported to—
Exported to—
Great i
Conti Total Great I
Conti
Total.
Brit’n. Prance nent. Week. Britain.'Fra/nce nent.
Galveston .... ....... ) ........ 4,936 4,036 218,076j 4,024 74,818 296,018
New Orleans.. 10,903 0,0 '8 10,035 27,540 445,253 200,038 278,451 923,742
8.750 50,490 .......
8,760 .
50,496
....... 1 ........
3,446' ....
3,440
Savannah* .... 4,303 . . . . 11,382 15;775 103,351' 12,480 2"4,S8? 380,718
Charleston.... .... I 8,050 8.050 11,100 00,129 25,839 147.711 283,0750
1
1,650 1,550 08,377 0,395 37.635 112,407
Wilmington ..
3,318 187,442
1,975 189,41?
3,318
11,442 100,671j .......
1,062 161^738
West Point,&c 11,442 ...
575 3,383 13,313 279,3051 21,806 145,985 447,090
New York...... 9,355'
3,511 103,512
1.996 105,508
Boston.......... 3,511 .......
67 4,302 59,470 1,805 22,668 83,933
4,025
210
Baltimore —
32,576
3,760 36,336
Philadelp’a’&c ....... ! ...... . ......
55,097 9,843 40,009 105,549 1,832,104 272,387 920,0388,025,429
Total.......
Total 1880-7. 119,134 11,108 44,421 174.753 1,849,951 899,278 742.660 2,991893
* Includes exports from Brunswick.
Exports
from—
T H E
J a n u a r y 28, 1888. J
I n a d d itio n to a b o v e e x p orts, ou r telegra m s to -n ig h t a ls o g iv e
us th e fo llo w in g am ou n ts o f c o tto n o n sh ip b oa rd, n o t clea red ,
a t th e p orts n am ed. W e a d d sim ilar figures f o r N e w Y o r k ,
w h ic h are p repa red f o r ou r sp ecia l tise b y M essrs. C a rey, Y a le
& L a m b e rt, 24 B ea ver Street.
**i
>3
< e
£ g o g .& g ’
p »~ &88<5
os
D'OB'*
® S'
■SS 8,5« s s ?
©.&•
■5 :
g
OD3®
Q'-dOog'
9 1 80 Qi
sraES g*Ȓ g,B
ì>SE.
§
OD O ® 00
OB® ® Qi ® a ® £■
O O
C*®O
Dpj 5C*®
» 80 cf®
® OD tí®
P »1*.» C
£
K}.. ©vs
c+Pi
“ P OD* VH
SOet
ct H
80 et'*
Pipe
P.J-P
lg *
•©• P
»
“5 ; to
P • co
g: I
p : i
no Z 1
£: I
On Shipboard, not cleared—fo r
Jan. 27,
at—
Other
Great
Britain. France. Foreign
Coast
wise,
Total.
18,162
None,
3,200
3,300
2,562
None.
6,700
3,000
Leaving
Stock.
es
New Orleans___
Mobile...............
Charleston.......
Savannah ........
Galveston........
Norfolk.............
New Y o rk ........
Other port».......
23,433 15,138
6.500 None.
5.700 None.
3.700 None.
4,719 None.
18,000 None.
3,000
7.500
12,000 None.
4,005
None.
700
3,600
4,907
2,000
None.
None.
60,738
6,500
9,600
10,600
12,188
20,000
17,200
15,000
313,680
34,100
30,293
71,731
28,050
33,619
230,514
55,463
O co
Total1888........
81,552 18,138 36,924 15,212
151,826
797,450
Oto
82,383 35,022 57,735 12,184 187,324
Total 1887........
Total1886........ 107,085 33,371 42,172 22,202 204,830
745,499
878,409
S at. M o n . T u e s W e d
Ordinary............................... $ ft
Strict Ordinary............................
Good Ordinary...........................
Strict Guod Ordinary................
Low M iddling.............................
Strict Low M iddling..................
Middling.......................................
Good M iddling................ ...........
Btrict Good Middling..................
Middling F a ir .............................
F air...............................................
GULF.
7%
7%
7%
7%
8%
8%
8%
8I4
93ie 93i 6 93lfl 9316
91*16 91*16 91%6 yi i ie
1018 10% 10% 10%
10716 1 «716 10716 10716
105s 105s 105s 105s
1078 10% 10% 10%
1118 11% 11% 11%
1113 11% 11% 11%
1218 12% 12% 12%
Sat. M o n T u e s W e d
Ordinary...............................$ ft
Strict Ordinary..........................
Good Ordinary...........................
Strict Good O rdinary.............
Low Middling...............................
Strict Low Middling....................
Middling ....................................
Good M iddling......................... .
Strict Good Middling.................
Middling F a ir ............................
F air.............................................
STAINED.
778
71516 7i5ie
7%
7 78
7 78
83s
83s
838
83a
8716 87ie
938
9516 9516 9516 9516 9%
91316
y>316
9%
9%
01316
91»16
1014 10% 10% 10% lO^xe 10516
10»16 10916 10«16 10»! 6 105s 105s
10% 10% 10% 10% 101316 1013i6
11
11
11
11
11%6 1H 16
11% 11% 11% 11% 115,6 115X6
1158 115s 115s 115s 1111X6 1H*16
12% 12% 12% 12% J.ZO16 12516
Sat M o n T u e s W e d T h , F r i .
71I16 71%6 71%6
83s
8%
8%
9516 9516 9516
10316 lOSje 10316
T li .
SALES OP SPOT AND TRANSIT.
Sat ..
Mon .
Tues.
Wed .
Thurs
F r i...
D u ll.................. .
Quiet and steady
Very dull............
D u ll....................
Dull-a 1,« a d v...
Dull and easier..
Total.
Ex Con- Spec- Tran
port. sump ut’t’n sit. Total.
.....
103
103
87
148
100
86
....
10
627
....
1Ó
FUTURES.
Sales.
Deliv
eries.
....
103
103
97
148
100
86
24,800
62Ì300
69,300
54,900
99,500
104,900
....
....
637 415,700
....
...
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‘ Includes sales in September, 1887, lor September, 258,200; Sep
tember-October, for October, 570,200; September-November, fo r No
vember, 481,600; September-December, for December, 1,027,400.
OP* We have included in the above table, and shall continue each
week to give, the average price of futures eaoh day for each month. It
will be found under eaoh day following the abbreviation “ Aver H The
average for each month for the week is also given at bottom of table.
Transferable Orders—Saturday, 10'55c.; Monday, 10'5 5 c.; Tuesday«
10'55c.; Wednesday, I0*55c.; Thursday, 10 55c.; Friday, 10'55o.
T h e fo llo w in g ex ch a n g es h av e been m a d e d u rin g
the weeks
.13 pd. to exch. 500 Apr. for June. ¡ *12 pd. to exch. 500 Feb. for Mar.
I '13 pd. to exch. 100 Mar. for May.
.35 pd. to exch. 100 Oct. for Sept.
•03 pd. to exch. 1,000June fpr July.
,06 pd. to exch. 200 Sept, for Feb.
•15 pd. to exch. 200 Jan. for Mar.
27 pd. to exch. 400 Feb. for May.
'33 pd. to exch. 400 Feb. for .June. •02 pd. to exch. 200 Jan. for Fèb.
T he V isible Su p p l y of C otton to-night, as made up by cable
and telegraph, is as follows. The Continental stocks, as well aa
those for Great Britain and the afloat are this week’s returns,
are shown by the and consequently all the European figures are brought dow n
to Thursday evening. But to make the totals the com plete
The daily deliveries given above are actuaUy delivered the day
t revious to that on which they are reported.
T he Sales and Prices of F utures
following comprehensive table:
©
7 13ie 71316
8Bie 8&X6
9%
9%
9%
9%
10316 103i6
10% 10%
101%6 1011,6
101516 10i516
11316 113X6
11916 119i6
12310 12316
T il . F r i.
7%
7%
87ie 8716
9%
93s
10% 10%
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F r i.
MARKET AND SALES.
T h e to ta l sales a n d fu tu re deliveries ea ch d a y d u rin g th e
w e e k are in d ica te d in th e fo llo w in g statem ent. F o r th e c o n
v e n ie n ce o f th e rea der w e also a d d a co lu m n w h ic h sh o w s a t a
g la n ce h o w th e m a rk et clo se d o n sam e days.
SPOT MARKET
CLOSED.
o©
e-4
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Aver
UPLANDS.
p it
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Aver
T h e sp ecu la tion in co tto n fo r fu tu re d eliv ery has been v e ry
q u iet fo r th e w eek u nder r e v ie w — in fa c t it has been on e o f
th e du llest periods on record . N either bulls n or bears seem ed to
h av e th e co u ra g e o f th eir co n v ictio n s , f o r b o i h sides seem ed
to be b old e n o u g h in sp eech b u t tim id in a ction . W h ile the
bears predicted an im p ortan t d eclin e, n on e dared “ g o sh ort” to
a n y con siderable e x te n t; an d th e bu lls, th ou g h d ecla rin g a
sharp a d va n ce in evita b le later on , con ten ted th em selves w ith
rea lizin g w h e n th e p rofit o f a f e w poin ts w as offered . F oreign
a d vices h av e been rath er dep ressing, but th e m o v e m e n t o f the
cro p has co n tin u ed sm a ll fo r th e season. O n W e d n e s d a y
a fte rn o o n th ere w a s a s ligh t a d v a n ce d u e to th e red u ced
stock s at M em phis (as corrected ) a n d som e co v e r in g by bears
w h o h ad b ecom e u neasy at th e fa ilu re a nd th e p ro lo n g e d dulness to w ea k en va lu es, a nd som e fu rth er im p rov em en t on
T h u rsd a y o n a d ecid ed ly stron g er rep ort fr o m L iv e rp o o l.
T o -d a y th ere w as a sligh t a d v a n ce in th e early dea lin gs f o l
lo w e d b y a con sid era b le declin e an d a w ea k clo s in g o w in g to
th e fe e t th a t th e in terior m o v e m e n t, sm all as it w as, s o m e
w h a t e x ce e d e d th e ex p e cta tio n s o f th e b u ll p a rty , w h ile
stock s, e x c e p t at M em ph is, w ere p r e tty w e ll m aintained. C ot
to n o n th s sp ot has been v e r y d u ll, an d stock s h av e fu rth e r
in crea sed. T h ere w as a n om in a l a d v a n ce o f l-16c. on T h u rs
d a y , b u t to -d a y it w a s b a rely m a in ta in ed , m id d lin g u pla n d s
clo s in g easy at 10 ll- 1 6 c .
T h e to ta l sales fo r fo r w a r d d e liv e ry fo r th e w e e k are 415,700
bales. F o r im m ed ia te d e liv e ry th e to ta l sales f o o t u p th is w eek
637 bales, in clu d in g 10 f o r e x p o rt, 627 f o r con su m p tion ,
— f o r spe cu la tion a n d — in tran sit. O f th e a b ov e — bales
w ere to a rrive. T h e fo llo w in g a re th e o fficia l q u ota tion s fo r
e a ch d a y o f th e past w e e k — Jan. 21 to Jan. 27.
Good Ordinary....................lb.
Ville
Strict Good Ordinary.................. 838
Low Middling............................... 95ie
Middling ..................................... 10316
137
C H R O M IC L P .
THE CHRONICLE,
138
[V ol. XLVI.
Q u o tatio n s f o r M id d l in g C o tto n a t O t h e r M a r k e t s .—
figures for to-night (Jan. 27), we add the item o f exports from
In the t&ble below we give the closing quotations o f middling
-the United States, including in it the exports o f Friday only.
Ig88. '' 1887.
1886.
1885. cotton at Southern and other principal cotton markets for eacn.
day of the past week.________________________ ’
746,000 831,000 618,000823,000
Stock at Liverpool..........bales
l l ’ooo
15Ì000
41,000
8t$>of|iit Lohdob.......... —
30,000
CLOSING QUOTATIONS FOR MIDDLING COTTON ON—
Week ending
Total Great Britain stock. 776,000 8 4 2 .0 0 0 6 3 3 .0 0 0 8 6 74.0.0 00 00
Jan. 2 7 .
F ri.
Wednes. Thurs.
4 ,3 0 0
Satur.
Tues.
Jfo n .
3 ,4 0 0
-Stock at Hamburg.::...........
5.000
4 4 ,9 0 0
3 5 ,5 0 0
2 0 ,5 0 0
Stock at Bremen...: . ............
43,o00
5 3 .0 0 0 G a lv e s t o n . . .
10
10
2 9 .0 0 0
10
10
2 5 .0 0 0
10
10
'Stock at Amsterdam— ........ . 26,000
8 0 0 N e w O r lé a n s .
9%
9%
300
9%
9%
9 1 3 ,6
400
9%
Stock at Rotterdam..............
300
9 1 3 ,8
1,100
1 ,7 0 0
9m
'Stock at Antwerp— ...............
900
, QO »jjo
211.000
Btock at H avre....................... — Ip^.OQO
» S t o c k a t Ma r s e i l l e s . —
'
3 ,0 0 0
4 6 .0 0 0
• 4 ,0 0 0
1 0 ,6 0 0
3,000
'Stock at Barcelona. . . . . - 4 3 , 0 0 0
‘RtdCk at Genoa l l . - w . «, 000
»Stock at Trieste___..................;
5,000
T o t a l C o n t i n e n t a l s t o c k s ...............
3 1 4 ,7 0 0
3 2 4 ,2 0 0
1 4 1 .0 0 0
4 .0 0 0
4 5 .0 0 0
210.000
10.000
4 .0 0 0
4 1 .0 0 0
4 .0 0 0
3 .0 0 0
7.000
2 7 3 ,8 0 0
3 7 2 ,8 0 0
Total E u r o p e a n s t o c k s . . . 1 ,0 9 0 ,7 0 0 1 ,1 6 6 ,2 0 0 9 0 6 ,8 0 0 1 ,2 3 6 ,8 0 0
3 9 ,0 0 0
9| j3 ,0 0 0‘
ì n d i a c o tt o n a f lo a t f o r E u r o p e .
7 0 ,0 0 0
1 3 0 ,0 0 0
5 5 2 ,0 0 0
6 3 6 ,0 0 0
4 5 4 ,0 0 0
A m e r , c o t t ’ n a flo a t f o r K o r ’ p e . 4 9 3 ,0 0 0
'6 0 ,0 0 0
4
1
,0
0
0
4
1
,0
0
0
86,000
E g y p t , B r a z i l ,& c . ,a f l t f o r E * r ’ p e
8 8 5 ,4 5 7
9 3 2 ,8 2 3 1 ,0 8 3 ,2 3 9
S t o c k In U n i t e d S t a t e s p o r t s .. 9 4 9 ,2 7 6
2 6 6 ,5 9 1
3 1 3 ,2 7 1
4 4 4 ,5 1 4
B t o c k in U . 8. i n t e r i o r t o w n a .. 3 6 3 ,1 9 7
1 9 ,0 0 0
3 3 ,5 2 9
2 7 ,1 1 8
1 5 ,7 8 8
H J a itè d S t a t e s e x p o r t s t o - d a y .
T o t a l v is ib le s u p p l y ................. 3 ,0 1 7 ,9 6 1 3 ,2 5 2 ,8 2 3 3 ,0 4 9 ,6 7 1 3 ,0 5 8 ,8 4 8
• O f t h e a b o v e , t h e t o t a l s o f A m e r i c a n a n d o t h e r d e s c rip tio n s a r e a s f o l l o w r :
American^ ' ~
5 9 9 .0 0 0
2 7 4 .0 0 0
5 5 2 .0 0 0
8 8 5 ,4 5 7
2 6 6 ,5 9 1
1 9 ,0 0 0
6 4 1 .0 0 0
4 7 6 ,0 0 0
2 2 4 .0 0 0
2 1 7 ,0 0 0
6 3 6 .0 0 0
4 5 4 ,0 0 0
9 3 2 ,8 2 3 1 ,0 8 3 ,2 3 9
3 1 3 ,2 7 1
4 4 4 ,5 1 4
3 3 ,5 2 0
2 7 ,1 1 8
4j \ v e r p o o l s t o c k ..........................b a le s 5 6 1 ,0 0 0
C o n t i n e n t a l s t o c k s . . . , . . . . . . . . . 1 8 2 ,0 0 0
A m e r i c a n a flo a t f o r E u r o p e .. . 4 9 3 ,0 0 0
U n i t e d S ta te s s t o c k — — —
949.276
U n i t e d S t a t e s i n t e r i o r s t o c k s .. 3 6 3 ,1 9 7
U n i t e d S t a t e s e x p o r t s t o - d a y ..,
1 5 ,7 7 8
T o t a l A m e r i c a n ................................2 ,5 6 4 ,2 6 1 2 ,7 8 0 ,6 2 3 2 ,7 0 1 , 8 7 1 2 5 9 6 ,0 4 8
Hast Indiati, Brdsil, de.—
/ L iv e r p o o l s t o c k . . . ; . . . . . . . . . . . .
L o n d o n S t o c k ................................................
C o n t in e n t a l s t o c k s ..................................
I n d i a a flo a t f o r E u r o p e .....................
¿ E g y p t , B r a z i l , & c . , a f l o a t .............
'
1 8 5 ,0 0 0
I S ’SSn
1 3 2 ,7 0 0
7 0 ,0 0 0
3 6 ,0 0 0
2 2 4 ,0 0 0
4 1 .0 0 0
9 8 ,8 0 0
3 9 .0 0 0
1 4 2 ,0 0 0
1 5 .0 0 0
5 6 ,8 0 0
9 3 .0 0 0
4 1 .0 0 0
1 9 0 ,0 0 0
i nn ’onn
1 0 0 ,2 0 0
1 3 0 ,0 0 0
4 1 ,0 0 0
60.000
4 6 2 ,8 0 0
T o t a l E a s t I n d i a , A c . . . . . . . 4 5 3 ,7 0 0
4 7 2 ,2 0 0
3 4 7 ,8 0 0
T o t a l A m e r i c a n :..........................2 ,5 6 i ,2 6 1 2 .7 8 0 ,6 2 3 2 ,7 0 1 , 8 7 1 2 ,5 9 6 ,0 4 8
Total visible su p ply.......... 3,017,961 3,252,823 3,049,671 3,058,848
T rice Mid. Up!.', Liverpool. . . .
5%<L
5®t6d. Price Mid. Upl., New York—
J.OUj.sP.
?^ o .
? 8i6®*
I l 3i6?-
^ “ The imports into Continental ports this week have been
-SOiOOO bales.
,
_T
. ,,
,,
. .
The above figures indipate a decrease in the cotton in sight
»to-night of 234,862 bales as compared with the same date of
1887 a decrease of 31,710 bales as Compared with the corres
ponding' date of 1886 and a decrease of 40,887 bales as
copipared with 1885. '
A t t h e 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 1886 87—is set out in detail in the following
_____ ___________________________________
/statement.
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Cg>QpOtOCO<lCJ»OOCOCO’ O01OC tonicoCi 1 •
__ j .figures tor LoutsrlUe m ouUi years are “ net.”
t Actual count.
The above totals show that the old interior stocks have
decreased'faring the Week 24,991 bales and are to-night 49,926
bales^ thhre than at the same period last year. The receipts at
the same towns have been 82,518 bales less than the same
week last year, and since September 1 the receipts at all the
axe i:0*393 t>a^ more than for the same time in 1886-7.
9 1316
9 1 3 ,6
9 1 8 ,0
9 1 ^ ,6
10
10
1 0 1 ,6
1 0 1 ,0
1 0 1 ,6
1 0 1 ,6
10 %
10 %
10 3 8 ® 13 1 0 % @ i a
1 0 1 1 ,6
1 0 U :8
10
9%
913,6
9 1 3 ,6
9% 9%
10
10
10
10
9 1 3 ,6
9 1 3 ,6
10
1 0 1 ,8
1 0 1 ,6
10 %
1 0 % d *a
1011,6
10
9 1 3 ,0
9%
10
10
9%
10
1 0 1 ,0
1 0 1 ,6
10 %
1 0 % ® ia
1 O H ,0
10
9%
10
101,0
i o i ,k
10 %
1 0 !a ® %
10 % *
10
9 1 3 ,0
9 78
10
10
97s
10
10
R e c e ip t s f r o m t h e P l a n t a t io n s . — The following table
Indicates the actual movement each week from the planta
tions. The figures do not include overland receipts ncr
Southern consumption; they are simply a statement of the
weekly movement from the plantations o f that part o f the erbf)
which finally reaches the market through the outports.
Week
Ending—
Receipts at the Porte. St’k at Interior Towns. Refi'pUfrom Plant'ne.
1885-86 188e-87 1887-88 1885-86 1886-87 1387-88 1885-86 1886-87¡1887-88
Deo. 23.......1240,1£6!283,045! 202,8591521,319 433,534 5Q3.678 280,246 305,6261200,163
“ 30....... 189,652'»38,818 188,824 543,557 443.565 493.883 212.080 246,649:179,029
Jan. 6...... 140,8291159,044'159,808 526,501 423,252 461,804 123,833 138,73it127,^20
13 ..... 108,488 142,0Ì51145,741 513,993 389,745 437,202 «5,920 109.4: 8 121,180
** 20...... 110,310|155.884 105,403 403,250 346,428 423,832 80,567 182,567 92,03à
“ 27...... 134,804 132,tèl' 90,130 476,342 351.361 898,012 117,896 117,464 64,810
The above statement shows—1. That the total receipts from
the plantations since September 1, 1887, are 4,860,314 bales;
in 1886-7 were 4,649,473 bales; in 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 a]t
the interior towns. Last year tlie receipts from the plantations
for the same week were 117,464 bales and for 1886 they were
117,896 bales.
A m ount o f C otton in S ig h t J a n . 27.—In the table below
we give the receipts from plantations in another form, and add
to them the net overland movement to Jan. 1, and also the
takings by Southern spinners to the same date, so as to give
substantially the amount of cotton now in sight.
1 8 8 7 -8 $ .
1 8 8 6 -8 7 . 1 18 8 5 -8 6 .
1 8 8 4 -8 5 .
R e c e ip ts a t t h e p o r ts t o J a n . 2 7 4 ,4 9 6 ,1 3 2 .4 ,3 4 6 ,1 7 2 4 ,1 1 3 ,2 4 6 4 ,1 2 6 ,9 9 2
I n t e r i o r s to c k s o n J a n . 2 7 In
3 0 3 ,3 0 l | 4 6 0 ,4 9 2 , 2 6 3 ,6 5 7
e xc e s s o f S e p te m b e r 1 ............... 3 7 4 ,1 8 2
T o t . r e c e ip ts f r o m p l a n t a t ’ n s 4 ,8 6 0 ,3 1 4 4 ,6 4 9 ,4 7 3 4 ,5 7 3 ,7 3 8 4 ,3 9 0 ,6 4 9
7 1 0 ,7 1 2
5 1 3 ,7 4 2 ; -5 2 5 ,0 9 2
3 5 8 ,0 4 8
N e t o v e r la n d t o J a n . 1 _______
2 0 5 ,0 0 0 | 1 5 0 ,0 0 0 ; 1 3 1 ,0 0 0 , 1 1 5 ,0 0 0
S o u t h e r n c o n s u m p t’ n t o J a n . 1
T o t a l i n s ig h t J a n . 2 7 .
5 ,7 7 6 ,0 2 6 5 ,3 1 3 ,2 1 5 5 ,2 2 9 ,8 3 0 4 ,8 6 3 ,6 9 7
N o r t h e r n s p in n e r s ’ t a k i n g s to
J a n . 2 7 . . : . . . . . . . ........... I l , 2 8 4 .1 0 2 ' l ,0 8 8 ,2 3 0 1 ,1 5 1 ,0 9 9
8 8 9 ,8 8 0
I t W ill h e se e n b y t h e a b o v e t h a t t h e in c r e a s e i n a m o u n t i n s i g h t to
n i g h t , a s C o m p a r e d w i t h la s t y e a r , i s '4 6 2 .8 1 1 b a le s , t h e in c r e a s e ah
c o m p a r e d w i t h 1 8 8 5 -6 is 5 4 6 ,1 9 6 b a le s , a n d t h e in c r e a s e o v e r 1 8 8 4 -{ r
is 9 1 2 .3 2 6 b a le s .
W e a t h e r R e p o r t s b y T e l e g r a p h . —Our reports from the
S to
to If*
to
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tf*- j to © © W M © rf* © ' M rG © to ® © ©
W W © f)W tO M © lf*© tO . © W K )< t< lM ©
co q u o c- l œ w K M ï - f i ® n *© to © » »
M o b ile ...............
§ 1316
Savannah . . .
9%
C h a r le s to n
10
W ilm iu ff t o n .
1 0 i 16
N o r f o l k ...............
1 0 1 ,6
B o s t o n ...............
10 %
B a l t i m o r e . . . 1 0 % ® ia
1 0 1 1 ,6
P h ila d e lp h ia
A u g u s ta . . . . .
9%
M e m p h is . . . .
& 1316
S t. L o u i s .... .
9%
C in c in n a ti : :
10
L o u is v ille . . .
10
South to-night by telegraph denote that while the temperature
has not been so low as during the previous weak it has yet
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 fainfqll reaching one inch and thirty hundredths. The
thlrmObieter has a^efaged 48, ranging from 39 to 58.
Palestine, Tea;««.—Telegram bet receive«}.
¡ton A ntonio, Texas.—W e have bad rain on two days o f
the week, the rainfall reaching forty-eight hundredths of an
inch. Average thermometer 46, highest 54, lowest 87.
N ew Orleans, L ouisiana.—W e have had rain on four days
of the week, the rainfall reaching one inch aqd ninety hiiiidredtbs. The thermometer has averaged 55.
Shreveport, L ouisiana.—Telegram not received.
COlUmbUS, M ississippi.— It has rained on four days of the
week, the rainfall reaching one inch. The thermometer has
ranged froth 20 to 56, averagirg 43.
Leland, M ississippi.—The weather for the week has been
more favorable. This is the second day of fair weather. Toe
and snow have disappeared ahd everything to-day looks like
spring. The thermometer has averaged 37‘9, the highest
being 64 and the lowest $2.
" ...... ■
Greenville, M ississippi.—Telegram not received.
Vicksburg, M ississippi.—It has been showery on three
days of the week, the rainfall reaching ninety-five hundredths
of an inch! Average thermometer 42, highest 55, lowest 32.
Little B ock, A rk a n sa s—The weather has been pleasant
during the week, but the thaw has triage land travel very
difficult on account of the bad roads. Light rain has fallen
o n one day and the rainfall reached three hundredths of Rtt
inch. The thermometer h s averaged 33.
Helena, Arkansas.—It bia rained lightly on one day of the
week, the rainfall reaching ten hundredths o f an inch. There
is snow still on the ground, and no progress has been mada
J anuarr
THE CHRONICLE
28, 1888.J
toward planting cotton. Receipts this week are half what
they were for the week o f last season. The thernaometer has
ranged from 22 to 52, averaging S3.
,
Memphis, Tennessee.—It has rained on three days of the
week, the rainfall reaching sixteen hundredths of an inch.
Average thermometer 33, highest 54, lowest 19.
Nashville, Tennessee.—There has been rain on three days of
theWeek, the rainfall reaching ninety-four hundredths of an
inch* The thermometer has averaged 32, the highest being
48 and the lowest 22.
,
.
.................
...
Mobile, Alabama.—W e have had rain on five days o f the
w'Oek, the rainfall reaching one inch and sixteen hundredths,
ïh e thermometer has averaged 52, ranging from 28 to 64.
Montgomery, Alabama.—Rain has fallen on four days of
the week to thé extent of one inch and thirty-six hundredths.
The roads are in bad condition. The thermometer has ranged
from 24 to 58, averaging 48.
Selfna, Alabama.—Tnere has beén rain on four days of the
Weèk, thé rainfall reaching ninety hundredths o f an inch.
Average thermometer 46, highest 53, lowest 25.
Auburn, Alabama.—Rainfall for the week one inch and
fprty-two hundredths: The thermometer has averaged 46,
thé highest being 57 and the lowest 28.
Madison, Florida.—Rain has fallen on four days of the
week, to the extent o f sixty-five hundredths of an inch. The
thermometer has averaged 50, ranging from 25 to 64.
Macon, Georgia.—W e have had ram on three days of the
week.
Columbus, Georgia.—Rainfall for the week one inch and
twelve hundredths. The thermometer has ranged from 33
to 51, averaging 43.
...........
;
Savannah, Georgia.—W e have had rain on four days a,nd
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 witn rain on the three days to the extent of
one inch and seven hundredths. The weèk clos s clear and
leaeant. The thermometer has averaged 43, thé highest
eing 5Ÿ and the lowest 28.
Atlanta, Georgia.—Telegram not received.
Charleston, Boiith Carolina.—W e have had rain on fotit
days of the week, the rainfall reaching fifty-one hundredths
of .an inch. Aveiage thermometer 45, highest 60, lowest 33.
Scatebarg, Boiith Carolina.—W e have had rain on three
days of the week, the rainfall reaching forty-eight hundredths
of an inch. Quite cold. The thermometer has averaged 37,
theihighest being 53 and the lowest 21.
Wilson, North Carolina.—Rain has fallen on one day of
the week, the rainfall reaching three hundredths of an inch.
The thermometer has ranged from 22 to 49, averaging 35.
The following statement we have also received by telegraph,
showing the height o f the rivers at the points named at 3
dfclôck Jan. 26, 1888, and Jan. 27, 1887.
E
139
EXPORTS TO EUROPE FROM A IX INDIA.
1887.
1888.
1886.
Shipments
to all Europe
from —
This
week.
Bombay
All other ports.
14,000
7,000
60,000 31,000
5,500
21,000
83.000 10,000
4,500
21.000
52,000
20,50c
T o ta l.........
21,000
81,000! 36,500
104,000 23,500
72,500
A lexandria Receipts
Since
Jan. 1.
This
week.
Since
Jan. 1.
and
ThiS
week.
Since
J a n .i.
S hipments.—Through arranger
ments we have made with Messrs. Davies, Benachi & Co., or
Liverpool and Alexandria, we now receive a weekly cable o f
the movements of cotton at Alexandria, Egypt. The follow -’
ing are the receipts and shipments for the past week and for
the corresponding week o f the previous two years.
Alexandria. Egypt,
Jan. 25.
Receipts (cantars*)—
This w eek....
Since Sept. 1
80,000
2,520,000
This
Since
week. Sept. 1.
1
Exports (bales)—
To Continent............
1886-87.
1887-83.
.
7.000 189,000
5.000 106,000
1885-86.
55,000
2,467,000
Since
This
week. Sept. 1.
50,000
2,428,00)0
This
Since
week. Sept, 1.
7.000 189,000
3.000 91,000j
7,000^168,00$
5,000j 95,000
Total E urope........ 12,000 295,000 10,000 280,000f 112,000.263,00$
* A cantar is 98 pounds.
This statement show that the receipts for the week ending
Jan. 25 were 80,000 cantars, and the shipments to all Europe
12,000 bales.
Manchester M arket. —Our report received by cable to-night
from Manchester states that the market is dull for
both yarns and shirtings. W e give the prices for to-day
below, and leave those for previous weeks of this and.
last year for comparison:
1886-87.
1887-88.
32s Cop.
Twist.
Cott'n
Mid,. 32s Cop.
JJpbcts Twist.
814 lbs.,
SMrtingS.
d.
d. Bi d. e.
Dec.23 7?8 «®8*4= 5 9 «@7
“ 30 7 Si @ 8.% 5 lo ie @7
Jin . 6 7% i®838 5 10*3/©.7
“ 13 71316~-8716 5 9 *3)7
“ 20 7 i3ift—87ie 5 9 ®7
5 9 @7
» 27 713ir—
d.
1*3
3
3
2
2
2
8*4 lbs.
Shirlihgs.
d.
d. s.
d.
5**10 75x0®715i 6 5
5
5%
m * 7°x0®715ie 5
. 5®8 75j¿®7l51(j 5
5?a 7*4 «@778 5
5®8 714 © 7 ’ a 5
OotVn
Mid.
TJplds
d..
d. s. d,
8 «®610
5*4
8 «3)610
5*4
8 «3)610, « 5 8 »
9*33)6 10*3 5*4
9 *s®6 10*3
9*3®6 10*3m
—A t a meeting of the members of the New York Cotton Ex*
change, held at 3T5 p, m . Friday, the following resolutions
were presented arid adopted :
Whereas, if bas pleased, the Almighty déposer of events to. e$l
our midst our esteemed and beloved associate. .William H. Brooie, ana
Whereas, the .exalted character of the deceased refers it alike due.to
Jan. 26, ’88. Jan. 27,’ 87. his, memory. and to ourselves that we should oiler our tribute té his
worth; therefore. ■
...
.......
. ...
Resolved,.That in .the sudden death of pur late associate we,are called«
Feet. Inch. Feet. Inch.
to mournthe.loss of one of our oldest and most honored members t ,
2
8
Orleans....... .......Above low-water mark.
7
7
Resolved* That the manly virtues, of,our. deeçasqqfriend, theubbie Wait*
_
12
___Above low-water mark. 20
8
6
of his character, .the. generous impulses, of his nature, the kindness aha
6
12
8
27
frankness of his manners, had.,endeared ftiju.to S? by .,W®s ,,Q*.
3
3
0
Shreveport .........
20
strongest nature, and have engraved, his memory upon our hearts in2
Vicksburg. . . . . . .
3
26
10
lines which the lapse of timehanupt.eifàoe ..
. .
., ,
Resolved, That we deeply sympathize with the relatives of oujcflèceàsea
I ndia Cotton Movement from all Ports.— The receipts
in their bereavement, and although on such an occasion one cannot
hhd shipments o f cotton at Bombay have been as follows for friend
oifer any ccnsftlationto hearts erushed and bruisod by thèir apjcupn.we
thé wóek ahd year, bringing the figures down to Jan. 26.
canninife, our tears .with their own and mourn with the sincerity.of ardent
friendship, the blow which has deprived thpiflifif «•the loved £u$band and
BOMBAY RECEIPTS AMD SHIPMENTS FOR FOUR YEARS.
father, and. ourselves the noble,associate, companion and .friend ;.,
Resolved, That the above preamble ahd resolutions bé eiitëred upon the
Shipments this week. Shipments Since Jan. 1.
Receipts.
minulËs.of the. Exchange, and that a duly authenticated copy be trans
Since.
Tear Great Conti
Great - Conti
■This
mitted to the family of thé deceased.
Total.
Total.
B rit’n. nent.
Britain
1888 ljooo 13.000 14.000 12,000
1887 9,000 22^000 31*000 17.000
1886
19.000 10.000 10.000
1885 ¿',000 4,000 6,000l 11,000
nent.
Week.
48.000
66.000
42,000
37.Ó00
Jan. 1.
60,000 39.0Ó01 109.000
83.000 40.000 166.000
52.000 45.000 140,000
85,Q0O
4=8,000 27.000
„AkQOidmg...to the foregoing, Bombay appears to show a
Also the following resolution presented by Mr. C. W . Ide~
was adopted :
That the. thanks of «thé members of the Exchange he tendered to thoge in charge Of the Chambers Street Hospital for thrir kindness and .
fréarinentof Mr; W:!H: Brodie and their ebiirteous treatment of his fam
ily while visiting him.
decrease compared with last year in the week’s,, receipts
The following committee was appointed to attend the»
o f 1,000 bales and a decrease in shipments o f 17,000 bales, and
the shipments since Jan. 1 show a dectease of 23j000 bales. luhiéral": M. B. Fieldirig, C. W . Ide, C. D Mdlër, 'T.( W ..:Wfflk
The movement at Calcutta, Madrjas and other India pprts fo r jamâ, Thosi Scott, E. H. S¡tinker, James SwaahV W m . Wood
the last reported week and since the 1st o f Jahudry, fpr.tjwo
years, has been as follows. “ Other ports” cover Ceylon, ward, Jr., Geo. Copeland, W m . F. Campbell} N. Herrmann,
.jfetìx Warly, W . T. Tanaahill> James F. ‘Wiemririfij S'; T»
Tuticorin. Kurrachee and Coconada.
Shipments for the week.
Calcutta—
1888.........
1 8 8 7 ........
Madras—
1888........
1887........
All others—
1 8 8 3 ......
1 8 8 7 ......
Total all—
1888........
1 8 8 7 ..'...:
Great
ContiBritain. . nent.
Total.
4,000
3,000
2,000 i 1,000
7,000
3,000
__...
500
2,000
4,000
4,500
. . J-r
1,000
, shipments since January JLÏ
Great
B ritain. Continent
8,000
8,000 ,
500
2,000
2,000
3;00U
4,000
5,000
3,000 i 7,000
6,500
2,000
14,000
15,000
4,000
2,000
Hubbard, Jr.«
E xports of Cotton G oods from Great B ritain .—BalbwWè givë the exports ..of .cotton ygrn, goods, ¿fee., from. Great
Britain foi the mouÈn òf tlecembèr and sirice Octobër 1 in,
l88j sind l888, as' corapiled by fis frorii the British Board of
12,000 Tràde rëtttffis. It Will bë notiëéd that wé hâve reduced the*
10,000
movement all to pounds.
Total.
2,000
2,000
3,000
4,000
7j000
6,000
7,000
9,000
21,000
21,000
000s omitted.
ŸarnÀThread, i
1887.
1880. i
p í)¿ '. l4>‘l i
October
23.6Í2Í!
N ov em b ôf.....,; 25,749 24,478
Decem ber........1 24,903 «20,485'
erotti. 1857: ..
! » 1807..
fà 'i ^ Jets'.
Lbs, .
409,987 428,415 74,539
425,585 . 422,554 7:7.376
455,815 378,634 182,875
-U il
l«öö.
Total of All,
1887.
1880.
Lbs, . Lbs.
Lbs.
77.804 98,773 101,506
76,828,108,125 1101,306
68,842,107,888 \ 89,327
The above totals for the week show that the movement from
the ports other .than Bombay is 500 bales more than the same Tot. 1st quarter. 74,948 88,575 1291,347 1229,603 284,790 223,504.309,736 202,139
646
739
week last year. For the whole of India, therefore, the total
5,668
5,245
shipments since January 1, 1887, and for the corresponding
20VO8O
periods of the tw o previous years are as follows ;
THE CHRONICLE,
140
[Y o u X L \ I,
The foregoing shows that there has been exported from the B altimore—For Liverpool—Jan. 19—Steamer Oranmore, 2,060....J an
23—Steamer Sarmatian, 1,965.
United Kingdom during the three months 316,143,000 lbs. of
For Havre—Jan. 21—Steamer Panama, 210.
manufactured cotton, against 298,030,000 lbs. last year, or an
For Antwerp—Jan. 21—Steamer Gothenburg City, 67.
P hiladelphia —For Liverpool—Jan. 24—Steamer Lord Gough.
increase of 18,113,000 lbs.
Below
we give all news received to date of disasters to ves
T h e I ntrodu ction op A m e ric a n C o tto n in E a st A f r ic a .
—A dispatch to the Journal o f Commerce from Galveston, sels carrying cotton from United States ports, &c.
Texas, Jat uary 25, says “ Ten tons o f superior Texas B elgenland, steamer (Br.)—A fire oocurred Jan. 18 among the cotton
discharged from steamer Belgenland, at Antwerp from New York.
cotton seed were shipped from here to-day, consigne 1 to the
Thirty-five bales were destroyed and 30 damaged.
German Eist African Colonization Society, Zanzibar, Africa. H errmann, steamer (Belg.)—A fire occurred Jan. 18 among the cargo
of steamer Herrmann, Meyer, at Antwerp from New York, but It
A n experiecced planter accompanied the seed for the purpose
was quenched with but slight damage.
o f irstructiDg the natives of Zanzibar in the cultivation of the I ndiana
, steamer, Boggs, from Philadelphia Jan. 11 for Liverpool,
cotton plant. This event marks the introduction of American
which arrived at Queenstown Jan. 22, reports that ou the 14th
cotton on the East Coast of Africa.”
inst. fire broke out among the cotton in her after hold, but the
flames were finally quenched.
J u t e B u t t s , B a g g in g , & c . —The market for bagging has L a Gascogne, steamer (Fr.), for Havre, and steamer Switzerland (Belg.),
been rather quiet, and only small orders are coming to hand.
for Antwerp, were in collision Jan. 21 off Bedloe’s Island, New
York. The La Gascogne sustained only slight damage and pro
Prices are about as last, and sellers are quoting 5J^c. for
ceeded to destination on the 22d. The Switzerland had niue plates
lb., 6c. for 1% lb., 6J^c. for 91b. and 7c. for standard grades.
broken on the port bow, above the water line, her nose twisted and
"Some trade is reported at 2^ @ 2% c. for paper grades and 2%@
forward compartment flooded. She was placed in Erie Basin docks
on the 23d.
2%c. for bagging qualities, and the market closes at these
Sarnia , steamer-(Br.), Gibson, from Baltimore for Liverpool, which
figures.
arrived at Halifax Jan. 22, had terrific weather and shifted cargo.
She would discharge portion of cargo and re-stow it.
S h ip p in g N e w s . —The exports of cotton from the United
T
le
M
arthe , ship (Fr.), Bouillant, from New Orleans for Havre, put
States the past week, as per latest mail returns, have reached
back to Port Eads Jan. 20 in distress, leaking. She was toweef to
167,828 bales. So far as the Southern ports are concerned, these
New Orleans, where she will probably be discharged and docked.
.«re the same exports reported by telegraph and published in
Cotton freights the past week have been as follow s:
the C h r o n ic l e last Friday. W ith regard to New York we
include the manifests of all vessels cleared up to Thursday.
4 5 5 ... Celtic, 1,729... Donati, 1 ,0 7 4 ....Humboldt, 1,850
___Ohio, 1,548___Serra, 2,454___ Umbria, 7 8 ......................
T o Hull, per steamer Santiago....................................................
To Havre, per steamer La Gascogne, 575.................................
To Bremen, per steamer Ems, 202.............................................
T o Rotterdam, per steamers Amsterdam. 1,346___Leerdam,
756............. ! . . .............................................. ! .............................
To Antwerp, per steamer Switzerland, 9 9 0 ...............................
To Copenhagen, per steamer Thingvalla (additional), 89 —
N e w Orleans—To Liverpool, per steamers Alicia, 6,250—
Cadiz, 5,961___Costa Rican, 7,399___ Professor, 6,035 —
Statesman, 3,944__ Vandyok, 2,800___ per barks Asiana,
4,085....8eringapatam, 3,920.................................................
To Havre, per steamer Marseille, 7,074___per ship Margar
etha, 4,421_____________________________________________
T o Bremen, per steamersErl King, 4 ,0 6 0 ....Hatfield, 4,786.
To Antwerp, per steamer Matthew Bedlington, 1,057............
To Genoa, per steamers Azalea, 3,t 49 — Bellarena, 4,008...
'Savannah—To Liverpool, per harks Felix Mendelssohn, 3,060
___Magdalena, 3 ,3 0 9 ............................................... - ............
To Havre, per bark Aurora, 2,250............... .............................
B runswick—To Liverpool, per steamers Lake Nepigon, 4,620
___Mozart, 6,015........................................................................
C harleston—To Liverpool, per steamer Borinquen, 2 ,6 00 ....
per barks Resoluto, 1,631__ Sagona, 2,375...........................
To Reval, per steamer Huntsman, 5,400..................................
G alveston—To Liverpool, per steamers Dunholme, 2,608 —
Eastern Princess, 5,160 .............................................................
To Bremen, per steamer Queen, 4,593.......................................
Wilmington—To Queenstown, for orders, per bark Hjemmet,
1,334 ........
N orfolk —To Liverpool, per steamer Springfield, 6,713— per
bark Malegwyn, 5,410.......................... ..................................
W est P oint—To Liverpool, per steamer Port Adelaide, 8,115___
per bark Tiber, 1,015......................................
N ewport News —To Liverpool, per steamer Duke of Bucking
ham, 4,306.........
.T o Continent, p e r ---------------- , 300...........................................
B altimore—To Liverpool,per steamers Barrowmore, 2 ,4 95 ....
Sarnia, 3,178...............................................................................
To London, per steamer Toledo, 238........... ..................... .......
To Antwerp, per steamer Mareca, 1,238...................................
B oston —To Liverpool, per steamers Venetian, 2,720..... Vir
ginian, 2,073 ._________________________________________
To Yarmouth, per steamer Dominion, 77..................................
P hiladelphia —To Liverpool, per steamer British Princess,
1,175............................................................................................
To Glasgow, per steamer Austrian, 1,000.................................
To Antwerp, per steamer Vaderland, 58..................................
T otal......................................
2,102
990
89
L i v e r p o o l , s t e a m d.
Do
s a f l...d .
H a v r e , s t e a m ___ c.
Do
s a il......c .
B rem en , stea m
e.
Do
s a i l .........e.
H a m b u r g , s t e a m e.
40,394
Do
s a i l . ..e .
A m s t ’ d ’m , s t e a m . c.
D o v i a L e i t h . </,
9,188
107
575
202
11,495
8,846
1,057
7,657
6,369
2,250
10,635
6,606
5,400
12,123
9,130
4,306
300
5,673
238
1,238
4,793
77
1,175
1,000
58
167,828
New Y ork .
N. Orleans.
'Savannah .
Brunsw’k ..
Charleston.
.-Galveston.
Wilmingt’n
Norfolk . . .
WestPoint.
Newport N.
Baltimore.
Boston.......
PUladel’ia.
T o ta l...118,160 2,73914,32013,94110,934 7,657
77167,828
....
516 ® %
x8 ®
964
....
18 ® 964
....
....
932
*32
....
....
....
%
38
38
....
....
....
....
....
....
1132
n 32
1X32
U 32
U 32
n 82
35*
35*
35*
35*
....
....
....
....
....
....
....
....
38
38
....
....
....
....
%
....
32 V
32V
....
....
* Per 100 lbs.
ing statement of the week’s sales, stocks, &c., at that port.
We add previous weeks for comparison.
Jan. 6.
Sales of the week............. bales
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...............
49,000
5,000
3,000
32,000
10,000
25,000
623,000
444,000
95,000
80,000
293,000
278,000
Jan. 13.
53,000
4,000
3,000
38,000
9,000
27,000
629,000
447,000
87,000
65,000
344,000
334,000
Jan. 20.
54,000
3,000
4,000
37,000
5,000
28,000
707,000
522,000
158,000
133,000
317,000
300,000
Jan. 27.
59,000
5,000
4,000
41,000
7,000
25,000
746,000
561,000
120,000
99,000
297,000
277,000
The tone of the Liverpool market for spots and futures each
day of the week ending Jan. 27 and the daily closing prices
o f spot cotton, have been as follow s:
Saturday Monday. Tuesday. Wednes. Thursd'y. Friday.
Spot.
In buyers’ Irregular. Firmer.
favor.
53s
53s
5*8
51116
51116
51116
10,000
10,000
10,000
1,000
1,000
1,000
Quiet.
Dull.
Spec. & exp.
538
5n ie
8,000
1,000
538
5H i 6
8,000
1,000
Futures.
Market, )
12:30 p .m. $
Dull at Steady at Quiet at Steady at Steady at
1-64 de 1-64 de
1-64 ad
1-84 de 1-64 de
cline.
cline.
vance.
cline.
cline.
Market, \ Very dull.
4 P. M. [
Steady.
Dull.
Steady.
Firm.
Steady.
5%
ö ilj«
10,000
1,000
Steady.
Quiet.
The opening, highest, lowest and closing prices o f futures at
Liverpool for each day of the week are given below. These
prices are on the basis o f Uplands, Low Middling clause, unless
otherwise stated.
fiF 3 The prices are given in pence and Qiths thus:
G alveston —For Vera Cruz—Jan. 20—Steamer Whitney, 1,246.
4 63 meant
Tues., Jan. 2 4 .
Open High Low. Clos. Open High Low. Clos. Open High Low. Clot.
N e w Orleans—For Liverpool—Jan. 20—Steamer Bernard Hall, 6,003.
F r i.
18'® 9ft4
516 ®®8
Below we add the clearances this week o f vessels carrying 4 63-64d„ and 5 01 means 5 l-64d.
cotton from United States ports, bringing our data down to
Mon., Jan. 2 3 .
Sat., Jan. 2 1 .
the latest dates:
For Havre—Jan. 23—Steamer Tancarville, 5,846.
For Bremen—Jan. 23—Steamer Escalona------ ; Bark H era ,---------.
For Barcelona—Jan. 24—Bark Tafalia, 1,200.
Mobile —For Liverpool—Jan. 24—Ship Mohur, 4,080.
Savannah—For Liverpool—Jan. 23-^8teamer Storra Lee, 4,393.
For Barcelona—Jan. 21—Steamer Marion, 5,582.
C h a r l e s t o n —For Havre—Jan. 23—Bark Nellie T. Guest, 3,050.
For Bremen—Jan. 20—Steamer Westergate, 4,150........ Jan. 24—
Steamer India, 3,900,
N o r f o l k — For Liverpool -Jan. 23 -BarkMaiden City, 3,318.
•Ne w p o r t N e w s - For Liverpool-Jan, .2 1 —Steamer Duke o f West
minster, •—— .
.B oston—For Liverpool—Jan. 16 -Steamar Norseman, 1 ,9 6 6 ....Jan. 18 Steamer Iscrian, 1 ,323... .Jan. 20--Steamer Palmyra, ------ .
T hurs.
L iv e r p o o l .—By cable from Liverpool we have the follow
Mid.Upl’ds.
Mid. Orl’ns.
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
W ednes.
18 ® 964
....
....
7,768
4,593
1,334
Tues.
^@ 904
R e v a l, s t e a m ___ d. 73 2 ® 932 73 2 ® 932 73 2 ® 932 73 2 ® 932 1364 - i7 64 130 4 -17«4
....
....
....
Do
s a i l ............ d.
....
B a r c e lo n a , s t e a m d.
*4
*4
14
*4
*4
G e n o a , s t e a m . . ,d .
732
732
732
732
7S2
732
T r ie s t e , s t e a m . . . d.
*4
%
H
■*4
>4
A n t w e r p , s t e a m d.
*8
!8
>8
*8
*8
The particulars of these shipments, arranged in our usual Market, )
form, are as follow s:
12:30 p .m. $
Hull,
BotterGlasgow,
dam, Barter
London
Antw’p Iona
Liver- and
ana
and
Yar*
pool. Queenst. Havre. Brem. Reval. Genoa, mo’ th.
9,188 167
575
202 3,181 ........................
40.394
11,495 8,846 1,057 7,657 ...........
6,369 ......... 2,250 .............................
......
10,635 ..................................
6,606 ........ .........• . ........ 5,400 ......................
7,768 ..................... 4,593 . . . . . .
...............
........ 1,334 ............... - .............. ...........................
12,123 .........................................................................
9,130 .........................................................................
4,306 .....................
300 ..................................
5,673 238 ........................ 1,238
4,793 ............................................................
77
1,1751,000 ......................
58
M on.
S atur.
Total bale«.
N e w Y ork —To Liverpool, per steamers Bothnia (additional),
January. ..
Jan>Feb...
Feb.-March
Mar.-April.
April-May..
May-June..
•lune-July..
July-Aug..
Aug.-Sept..
a.
538
538
538
5 40
5 41
543
545
5 47
548
A.
5S8
538
538
5 40
5 41
543
5 45
547
548
A.
538
538
538
5 40
5 41
543
545
5 47
548
d.
538
538
538
540
5 41
543
545
C47
548
A.
5 37
537
538
540
541
543
545
5 47
548
d.
538
5 38
539
540
542
544
5 43
548
;48
A.
537
537
538
540
5 41
543
545
5 17
548
A.
538
538
539
540
542
5 44
5 46
.48
548
A.
5 37
8 37
538
540
5 41
543
5 4P
5*7
4
d.
537
537
538
5 40
5 41
5 43
5 45
5 47
5 47
A.
5 37
5 37
538
5 39
5 41
543
5 45
5 47
5 47
A.
537
537
538
539
541
543
5 : ‘
s „7
547
J
anuary
IH Bl CHRONICLE
28, 188 i.]
W e d n e s ., J a n . 2 5 .
T h u r s ., J a n . 2 6 .
F r i., J a n . 2 7 .
Open High Low. Clot. Open High Low. Clos. Open High Low. Clos.
J a n u a ry....
J a n .-F eb ...
Feb.-March
M ar.-April.
A p ril-M ay.
M ay-June..
Jun e-July..
J u ly -A u g ..
A ug.-Sept..
d.
596
5 96
597
5 98
540
5 42
5 44
5 46
5 46
d.
5 37
5 37
537
539
540
5 42
5 44
5 46
5 47
d.
586
5 36
537
588
540
5 42
544
5 46
546
d.
5 37
537
537
539
5 40
5 42
544
5 46
5 47
d.
539
5 39
5 40
541
5 48
5 45
5 47
548
549
d.
5 40
5 40
5 40
5 42
543
545
5 47
5 49
5 49
d.
5 39
5 69
5 40
5 41
5 43
5 45
5 47
548
5 49
d.
5 40
5 40
5 40
542
5 43
5 45
5 47
5 49
5 49
d.
5 40
5 40
5 40
541
5 43
5 45
547
5 48
5 49
d.
5 40
5 40
5 40
5 42
5 43
5 45
5 47
5 49
5 49
d.
5 40
5 40
5 40
5 41
543
5 45
5 47
548
5 49
d.
540
540
540
542
5 43
5 45
5 47
5 49
549
B R E A D S T U F F S .
F riday , P. M., January 27,1888.
The flour market has been dull. The local trade has been
impeded 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 market has been depressed. There was a steady
decline to the close of Wedndesday’s business, values receiv
ing little support, except from the war cloud in Europe and
some rumors that the fall-sown crop had been to a consider
able extent winter killed. The dulness o f the export busi
ness and the slow progress made in reducing the visibly supply
caused prices to give way. On 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 PRICES OP NO. 2 RED WINTER WHEAT.
Sat.
Mon. Hues. Wed. Thurs.
February delivery............. 90%
89%
89% 887s
89%
March delivery.................. 92
91%
90% 90%
90%
April delivery.................... 93
92%
91% 91%
90%
May delivery..................... 93%
92%
92% 92
92%
92%
92% 92
92%
June delivery..................... 94
December delivery............ 96%
95%
95% 95%
95
Fri.
90
91%
92%
93
92%
95%
Indian corn also declined materially early in the week, under
a pressure to realize in the face of a very poor demand,
whether for export or home use. To-day there was a smart
advance with a brisk speculation, but the regular trade dull.
DAILY CLOSING PRICES OP NO. 2 MIXED CORN.
Sat.
Mon. Tues.
Wed. Thurs.
February delivery............. 61%
61
60%
60% 60%
61%
60%
60% 61
March delivery..... ............ 61%
May delivery...................... 61%
61%
60%
60% 61
June delivery..................... 61%
61
....
60% 60%
Fri.
61%
61%
61%
61%
Oats have been rather quiet, but show a well-sustained
range of values. To-day there was a slight advance.
DAILY CLOSING PRICES OP NO. 2 MIXED OATS.
Sat.
Mon. Tues. Wed. Thurs. Fri.
February delivery. ........... 88%
38%
38%
38%
39
39%
Maroh delivery....... . . . . . . . . . . .
39%
39%
39%
39%
39%
May delivery........... .......... 40
39%
39%
39%
39%
39%
DAILY CLOSING PRICES OP NO. 2 WHITE OATS,
Sat.
Mon. Tues.
Wed. Thurs. F ri.
February delivery............. 41%
41%
41%
41%
41%
42
March delivery.............................
42% 42%
42%
42%
42%
Bye is higher, with a sale of choice at 75c. Barley and bar
ley malt held for very full prices, but quieter.
The following are the closing quotations:
FLOUR.
$2 20® *2 65 Southern bakers’ and
2 50® 3 00
family brands.........$3 60®$4 30
2 80® 3 20 Bye dour, superfine.. 3 30® 3 50
3 60® 4 50
Fine.......................... 2 30® 2 50
2 85® 3 25 Corn meal—
3 30® 4 30
Western, & o .... . . . . 3 00® 3 25
4 15® 5 00
B ra n d y w in e........ 3 20® 3 25
2 75® 3 00 Buckwheat flour, per
3 25® 3 50
100l b s ................. . 2 1 0 ® 2 20
GRAIN,
Oats—M ixed ............ 37 ® 40
85 ® 94
White...................... 39 ® 45
88 ® 89%
No. 2 mixed............ 39%® 40
90 ® 91%
No. 2 white............. 42 ® 43
86 ® 93
Barley—
85 ® 93
Canada No. 1 . . . . . . 95 ®1 00
58 ® 62
Two-rowed State.. 82 ® 85
60%® 61%
Six-rowed State.... 87 ® 90
60 ® 62
Milwaukee No. 2 ... 87 ® 90
60 ® 62
Malt—State, 4-rowed. 95 ®1 00
.... ® ....
State, 2 -row ed ..... 85 ® 90
Buckwheat.... . . . . . .
.. ® 61
72 ® 75
Fine.................. $ bbh
Superfine............ .
Spring wheat extras.
Minn, clear and stra’t .
Winter shipp’g extras.
Winter X X and X X X .
Patents.................... . .
Southern supers........
Bouth’n coul extras..
Wheat—
Bpr.ng, per bush...
Spring No. 2 . . . . . . .
Bed winter No. 2 ...
Red winter.............
White................... ...
Corn—VVest’n mixed.
West’nm ixedNo.2.
Western w h ite .....
Western, yellow .. . .
White Southern....
Rye—
State & Pa., $ bush.
141
Receipts at—
Flow.
Wheat.
Com.
Oats.
Barley.
Rye.
Bbls.19615s Bush.60 lbs Biish.56 lbs Bush.32 lbs BU8h.4Hlbs Bu. 56 lbs
87 524
87,248
Milwaukee...
17,811
78.395
14,560
19,000
48,805
12,774
2,883
25,086
55,633
Toledo........
500
4,626
92
3,505
88,607
13,736
Detroit.......
13,413
21,823
3,900
35J37
26,650
Cleveland...
51,081
9,165
46
St. Louis.....
12,402
35.606
251,440
153,940
23,460
2,200
1,250
22,500
Peoria.........
226,500
216,400
13,200
4,950
57,073
Minneapolis.
340,860 .. ■ .......
.....
Tot.wk. ’88.
128.999
721,083 1,054,848
871,172
338,858
40,769
Same wk.’87.
187.583 1,029,928 1,586,416 1,076,598
480,552
28,374
Same wk.’86.
125,716
851,610 1.239,842
521.423
699,098
32,283
Since Aug 1.
1887-8...... 6.128,151 73,198,553 45,182.069 40,594,795 16.837,320 1,213,713
1886-7*..... 5,357,509 62,392,519 48,386,731 38,972,640 15,450,611 1,337,219
1885-6*...... 4.226,117 42,516,976 47,267,088 32,349,068 13,387,158 2,126,083
* Include one week extra.
The receipts of flour and grain at the seaboard ports for the
week ended Jan. 21. 1888. follow:
Flour,
At—
bbls.
New York........ 150,853
Boston............... 40,652
Montreal.........
5,278
Philadelphia... 20,291
Baltimore........ . 45,434
Richmond.......
5,665
Norfolk, Y a __
New Orleans...
6,930
Wheat,
bush.
36,300
34,230
28,000
18,103
24,933
33,611
27,778
155,712
Total week. 275,103
Cor. week 87.. 230,549
202,955
857,303
598,036
632,702
Corn,
bush.
279,442
51,596
600
55.461
49,757
5,468
Oats, Barley''
bush.
bush.
231,120 42,900
42,5-5
3,950
19,550
2,438
81,578 39,800
12,200
8,028
1,200
3,346
25
17,100
....... .
412,161 89,088
514,546 74,516
8 ,8 li
10,729
The total receipts at tin same ports for the period from Jan*
1 to Jan. 81, 1888, compare as follows for four years:
Flour..................bbls.
1888.
849,004
1887.
855,836
Wheat...............hush.
C om ...........................
Oats...........................
Barley.......................
Rye............................
871,319
1,612,222
1,540,216
393,038
32,032
2,595,133
2,708,753
1,857,735
266,686
36,771
Total grain................
4,448,827
* Inolude one week extra.
*1886.
916,205
*1885.
1,202,672
607,979
9,191,351
2,326,997
719,073
47,748
3,098,118
9,083,638
2,109,333
573,132
80,131
7,464,478 12,893,148 14,947,352
The exports from the several seaboard ports for the week
ending Jan. 21, 1888, are shown in the annexed statement:
Exports
from —
New York
Boston. ..
Portland.
N. News Philadel.
Baltim’re
N. Orl’n s .
Richm’d .
Norfolk..
Wheat.
Corn.
Flour.
Oats.
Eye.
Peas.
Bush.
145,520
85,879
Bush.
64,551
27,831
Bbls.
137,514
40,825
Bush.
964
Bush.
Bush.
3,056
9,950
64,000
70,700
15,452
25,394
116,641
193,326
786
15,127
70,160
1,285
2,000
20
Tot. w’k. 381,551 427,743
S’me time
1887. .. 1,449,948 1,142,232
267,697
984
205,107
3,136
The destination of the exports is as below. W e add the
corresponding period of last year for comparison.
Flour.
Exports
for week
to—
1888.
Week,
Jan. 21.
1887.
Week.
Jan. 22.
Wheat.
1888.
Week,
Jan. 21.
1887.
Week,
Jan. 22.
Oom.
1888.
Week,
Jan. 21.
1887.
Week,
Jan. 22.
Un.King.
Cont’n t ..
S.&C.Am.
W. Indies
Brit, col’s
Oth.c’n’ts
Bbls.
191,523
9,324
37,541
18,722
10,123
464
Bbls.
158,059
13,617
14,910
15,383
2,746
392
Total...
267,697
205,1071 381,5 5 l!l,449,94s1 427,743 1,142,232
Bush.
235,405
146,146
Bush
977,179
457,985
40
............
14,744
Bush.
262,603
148,226
9,038
5,609
1,125
1,142
Bush.
829,615
263,848
13,920
19,139
10,000
5,710
By adding this week’s movement to our previous totals we
have the following statement of exports this season and last
season:
Flow.
Wheat.
Corn,
Sept. 1,’S7, Sept. 1,’86, Sept. 1,’87, Sept. 1,’86, Sept. 1,’87, -Sept.1,’80.
Exports to— to Jan.
to Jart¡.
to Jan.
to Jan.
to Jan.
to Jan.
21, 1888. 22,1887. 21, 1888. 22, 1887. 21, 1888. 22,1887.
Bbls.
Bbls.
Bush.
Bush.
Bush.
Bush.
Un.Kingdom 3,562,425 2,537,790 9,076,541 16,834,174 6,571.148 9,414,537
Continent...
227,272
247,060 6,121,424 10,893,973 1,755,378 3,868,330
S. &C. Am...
416.193
483,240
21,030
15,933
204.813
348,737
West Indies.
379,024
314.644
9,421
3,071
123,048
217,972
Bnt. Col’nies
360,970
257,961
4,505
49,174
15.936
Oth. countr’s
13,289
19,646
22,130
80,467
18,089
26,621
Total....... 4,959,173 3,860.350 15,255.051 27.826,618 8,721,660 13,892,163
The visible supply of grain, comprising the stocks in granary
at the principal points of accumulation at lake and seaboard
ports, and in transit by water, Jan. 21, 1888 :
The movement of breadstuffs to market is indicated in the
Wheat,
Oom,
Oats,
Eye,
In store at—
bush.
bush.
bush.
statement below, prepared by us from the figures of the New
bush.
New York............ 8,169,8491,688,435 1,668,307
12,583
York Produce Exchange. W e first give the receipts at Western
Do afloat........
133,000
..... .
.........
........
2,825
64,200
50,200
52,700
lake and rir or ports, arranged so as to present the comps ta- Albany....... .........
Buflaio ............ 2,212,925
283,644
71,573
67,861
tive movement for tho week ending Jan, 81, 1888, and since
“
afloat...
.........
.........
52,000
Chicago............... 5,402,105 1,294,282 917,515
21,8*55
July 84, for each o f the last three years.:
“
afloat.,..
......
470,494
..........
R y e,
bush.
1,650
2,590
Barley,
bush.
123,997
230,000
319,400
849,388
309,008
TH E
U 2
Com ,
Oats,
Wheat,
bush.
.... busk.
bush.
1,786
Milwaukee.......... 2,022,167
6,776,276
7,514
73,013
T oled o.................. 1,745,788
1,248,476
84,883
21,404
Ibètròlt....... .
59,000
41,000
O sw e g o .............
St. L o u is ............. 4,155,529 1,337,369 1,317,770
125,000 •210,000
26,000
Cdncümati............
114,850
121,373 225,167
¿Boston. ...............
900
22,063
Toronto.................
175,088
96,034
8,292
203,150
Montreal.............
514,716
216,827 107,269
Philadelphia.......
65,382
151,148 443,142
Peoria..................
Indianapolis........
83,560
111,218 226,810
141,857 151,755
Kansas C ity ......
359,868
456,779
Baltimore............ 1,104,429
Minneapolis........ 7,398,667
St. Paul................
380,000
On Mississippi___
7,600
6,300
On canal & river.
tò t . Jan.
Tot. Jan.
Tot. Jan.
TÓt. Jan.
T o t Jan.
2 1 ,’88. 42.361:250
1 4 .’88 43,248,132
22, ’87. 61,964.599
23, ’86. 55,069.744
24, ’85* 42,576.703
6,677,034 5,590,309
6.737.490 5.686.040
16,404,949 4,774,226
8,555,812 2,751,126
5,411,463 2,281,443
CHRONICLE.
Mye, Parity, good demand and very firm on the basis of 3 ^ c . for 64x64sbusti.
bush.
43,031 213,931 (at which figures weekly contracts to June have been made),
12,943
5,260
900
7,641
27,000
1,998
3,700
4,050
47,423
2,070
311,015
313.716
444,227
756,369
506,159
16,698 and 8 5 16@3% for 56x60s, Stocks last Saturday and for the
■78,076 three previous years were as follows:
510,789
1888.
71,667
1887.
1886. '1 8 8 5 .
Stock o f P rint Cloths— Jan. 21. Jan. 22. Jan. 23. Jan. 24.
96,000
7,592 Held by Provideittce ihanufrs. . 28,000
84.000
76.000
446.000Fall River manufacturers...
8,000
30;000
134,049
23.000
454,000
Providence speculators . . . . .. . 15,000
42.000 269,000
13,556
325iOOO
Outside speculators (est)......
2,000
30.000
30.000
300.00016,026
Total stock (pieces)............ 53,000 186,000 398,000 1,525,0004,739
2,994,916
3.224.774
2,420,235
2,082.067
1,725,305
* Minneapolis and St. Paul not Included.
According to Beerbohm’s London cablegram, the amount of
Wheat add corn on passage at the dates mentioned stood as
follows:
Grain on Passage.
T o United Kingdom.. qrs.
T o Continent....................
Total quarters............
Equal in bushels.— ........
Same week in 1887.. bush.
TVeefc ending Ján. 25.
Wheat.
'Corn.
1,381,000
142,000
307,000
71;000
Week ending Jan, 18.
Wheat.
1,428,000
191,000
Corn.
332,000
77,000
1,619,000| 409,000
1,523,000 378,000
12.184.000 3.024.000 12.952.000 3,272,000
23.416.000 3.032.000 25.680.000 3,840,000
The exports of wheat from India for the week, year and
fee&son are 'as below:
tEseports o f Wheat from, India.
T o United Kingdom.........
To Continent....................
Total...........................
{You XLVl,
Week end’g Week end’g A pril I to
Ja n, 21.
Jan. Ì4.
fa n , 21.
20,000
20,000
80,000 12»460>000
120,000 11,740,000
40,000
200.000 24,200,000
T H E DRY GOODS TRAD E.
New Y oek , Friday, January 27,1888.
Prints were fairly active and prices are very firm, some
makes Of fancies, shirtings, etc., having been advanoed during
the week. Printed sateens, lawns, batistes, percales, etc.,,
were in steady request, and ginghams and woolen wash
fabrics were fairly active, and dearer in some cases.
D o m e st ic W o o l e n Go o d s .—Men’s-wear woolens continued
in irregular demand and upon the whole sluggish, but rather
more business was done in some descriptions Of overcoatings,,
cassimeres and satinets adapted to next fall. Worsted coat
ings were in moderate {request and a light business was donein cheviots, Kentucky jeans and doeskins ruled quiet, btlt
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 flaniiels
and blankets the demand was light, as usual at this advanced
stage Of the season, and there was only a limited inquiry forshawls and shirts. All-wcol and worsted dress 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 request and firm at unchanged
quotations.
F o r e ig n D ry G oods were more active in movement than de
mand, very fair shipments of dress goods, linens, white goodis
hosiery, &c., having been made by importers in execution of"
former orders, while new business was only moderate in voi
urne. Binbróidf ries a id laces have met with some attention
and an auction sale o f the former was attended with fairly
satisfactory remits, sòme lines having brought good enough
prices to justify ìthe iòle of duplicates. But few retailers havethus far arrived in th9 market, and until they put in an
appearance very little activity in foreign goods can be
expected.
Manufactures of—:
’ W o o l . . . . . . . ....... •C otton .................
Silk ....................
F la x ... ........
Miscellaneous......
T o ta l...............
Entrd for consumpt
1
62,634
,626
-507
228
379
,4 6 91
860,208
706,916,
387,211
287.657
368,181
H 99,517 1.12.,261,788 I
I
Total on market..., 11,079.
Business in the wholesale branches of the trade was steady,
fchbugh moderate, the past weék, the intensely Cold weather
prevailing in wide sections of the country having checked
Im p o rta tio n s o f D ry G oods.
opérations in spring and summer goods to some extent. There
The importations of dry goods at this p o r t for the week
was a very fair demand for staple and patterned Cottoh gbodB
ending J a n . 26, 1888, and since Jan. 1, and the same facts for
at first hands, and the commission houses continued to ta&be
the corresponding periods of last yhar are as follo ws :
liberal deliveries in execution of former orders,which absorbed
the greater part offethe current output of the mills. Domestic
m 1g
- rs
Wioolen^goods "have shown rather more" animation, hut the
fg ïs g f
h ®Mw a« h
demand in this connection failed to realize expectations. ;
P; o
Imported goods were more active in movement than demand, ;
I?
p:
very fair shipments of specialties having been made on account
g;
of previous transactions, w hile'new bupiceas was irregular
ïü
-w.
and light as h rule.. The situatibn'in the jobbing tirade has not
1 . . .. .
MM63M
CM
materially changed. The piece distributif n was -strictly
COCPMOCO
CO boM toes!
IO CP O
bHÔ
e WAp
MC. MCiUxcOO
CO 00 O O * *
tO
OOCO^JM
ihodèrate, Us usual at this eariy stage ‘o f the season, but a
C
CO
CiCiO
i
«
<Kmibocp_
MtOCPM~l
too.
pretty good package búfeinéés in stable cottoh 'goods and in
to •
M to CP Ch ut
00 o<i
MMW
om
,
.M C i OOP,tO ■ ,
cos QD.M /3i<ipacoM
some sorts of fancy cotton fabrics was done b y large jobbers
1
•COM OiGDtCrM<J
pQOpJ/0
bp cobp fcOMMMtO ,
p i o l o CP co
fàho catér for the wants o f w h o le s ^ buyers. ífe e oútíóbt is
COO
tO 05 COS * S
‘ài <lOo oom^x im 1
HC30PW
<
ltO
CP <JGO tOOCOMCO
sooou»s
<ito t o o » t o o <1
quite encouraging, and an unusual^ good spring trade is
hhlléipated by thé best posted merchants.
MtO M
ÛQJ0 .
5>
D omestic GotTón Qoohs.—The éipbrt’s íof cottóh fcb'ods
CO
05 0
ÎS « îtOO OOiCOGO«
toco
.Cl 'S, to COMICO
<i com to to
from this port for the week ënding January M were 9,407
OS
' ff*'© -UXMM^KO ^
packages, valued at $509,812. These shipments Include 5,676
•M[
M. Sop
GD£9
to China, 2,037 to Aden, 416 to South America, 351 to
^ "ó a ò b
'tOCOM.^iC si
iotpto&
x-q-q
C
^
U
?
M05O5C0€®-^&»
O
O
H*
CO
tu CO00'
COTO
Eurape, 32i9 to thé "West ladies, 300 to Africa, 130 to Genttal
M. M<Jf **ICPM*OC i
MUX
t o p co
jKÿï'OSOp
■ítebo MOOWÌoài t\
i^èbs>acp
bsosotoo
America, 101 to Mexico and 67 to »all other countries. Since
co OOM <100tOCi <1
< )M < 1 C 0 M
woococo
tO 00 GD M CO
00 M<1 O SHO-Ui W
ico coCPUto o
the 1st of January the exports aggregate 13;790 packages,
CO •CÔCOM
M M ¿ y M,|0
PP'
valued at $787,W0, Qt this t’ôlbâl Ghina has had. 7/090
p p fe>
t^Kp Ux <*©
UXM
&MtÒW<à
CO
P.M
COCO’
C
ut W<titermao
packages, valued at $330,848; and 2,054 packages, valued at
PO' nl-4
_<JOi_ QO'OM.M.CO
CO fcO
$140,128, have gone to BOuth América; (For the similar
to
botoGOM<J
lb c . c X MMtO 3
Uà M.,fc0
c&U» ectM
COMOCOO
period of 1887 the exports to all torts freached ,9,'5So
,p,
.<I0' to <10 W-OO 1
ocpM
M <1
;U
X ,M
CÍQ
'<iuxtp.a>M j
pfp
M-Cfe;
C iM
M ì&b MM too Jo 1
Oui>-0pìò
*CO
Jcp^tO
CP*M
bÌ>
packages and in 1886 were 14,856 packages.
There
CPCO M0ÎU1OG0 3
LOGOMco-00
-O
S
0
0
C
P
®005
C
O
M
fcO
MOM-qM
,
ec
co
co
oo
co
was a steady demand fo r Btapie cotton g o o is by pack
age buyers, and large aggregate ehipmehts óf pláih and
<|1b¿
M' ;
<lto CPM »IP ?
QD^Jppp
pMMtOtO
co lo re d cottons were made by the mill agents On account of
MCO co>jcpto
0 0 M O 5O5QO
cocco: MCi
GOtO MWfOiGQO
cpodm coco
scossi
back orders. The market retains the buoyancy o f tone
O Ux CO 05
<IO 00MC MOO
noted for a long time past, and many additional makes
.cop
o f bleached shirtinjgs, Wide sheetings, flat fold cambiriicé, ëtc.,
CO LO U» CO CP.
oc
cotomaco
a
s vc-,
COOW»005^
CP M
•UXM
s CO co 05
were advanced to still higher figurés, such prominent makes
OCPCiCOUl
MO
to p
MIO ojoto
mcóso-'m
Ci M
VM-tOMtO
C iM
o f bleached goods as Wamsutta, New York Mills and Utica
M U*IO O C O
M<l
UxS C O S Q O
M tO
- 4 0 0 5 CO CO
U*Cp
S 05 O 00 05
CP s
having been marked up % c. per yard. Print cloths were in
THE CHRONICLE
J a n u a r y 28, 1888.]
Qxxxst
Q xxxB t
YORK,
78 Broadway, cor. Hector St., N. Y.
n
-
ffin anelai.
t & ç m p m x i& B ,.
Union Trust Company American Loan & Trust Co.,
OF p i r
▼a
113 DHO-lDTfAY, NEW YOKE.
C a p it a ], F u lly P a i d , - - - - $ 1 ,0 0 0 ,0 0 0
JARYIS-CONÇHN
MORTGAGE TRUST 00.,
<1,000,000
^ 2 ,5 0 0 ,0 0 0 T H I S C O M P A N Y T R A N S A C T S A G E N E R A L
L O A N , T R U S T & F I N A N C I A L B U S IN E S S .
Authorized to act as Executor, Administrator
guardian, Receiver, or Trustee, and Is
Receives money on Deposit, subject to çhçck, and
rí'~ ALEGAL DEPOSITOR? FOR MONEY.
allows interest on balances.
Accepts the transfer agency and registry of stocks,
All Checks pass through the Clearing House.
and atjts as Trustee of mortgages of corporations.
Makes Investments of Money, acts as Executor,
; Allows Interest on deposits, which may he!made at Administrator, Guardian, Trustee, etc.
*any time, and withdrawn on five days’ notice, with
Also, as Registrar and Transfer Agent.
ilnterest for the whole time they remain With the
An authorized -Depository for Court and County
company.
Treasurers’ Funds.
For the convenience of depositors this company
Also opens'Current accounts subject,in accordance
ROWLAND N. HAZARD, President.
with its rules, to check at sight, and allows Interest
GEORGE S. HART, Vice-President.
apon the resulting daily balances. Such Checks pass
JAMES S. THURSTON, Secretary.
«through the Clearing House.
' TRUSTEES:
D ir e c t o r s :
(fm. Whitewright,
James M. McLean,
John D. Kimmey,
John L. Macaulay, .
HenryA. Kent,;
Ambrose C. Kingslaud,
John Ross,'1 1
Johil I. Blair, »5
R. T. Wilson, ~
James H. Ogllvie,
Ira Davenport,
Edward F. Browning,
Wm. F, Russell,
8. T. Fairchild.
Alexander G. Black,
Rowland N. Hazard,
C. D. Wood,
1. H. Frothingham,
Elias C. Benedict,
George S. Hart; ; v
James N. Platt,
George A. Jarvis,
William P. Anderson,
Wm. B. Dlnsmore,
D. C. Hays,
C.;Vanderbilt,
James S. Thurston,
Peter Wyckoff,
‘Wm. Alex. Duer,
A. A.Low,
George A. Evans,
Thomas L. Watson,
Charles H. Leland,
G. G. Williams,
Wallace C. Andrews,
Julps Aldige,
Edward King,
R. G. Remsen,
Granville P. H a w es.
B. B. Wesley,
Edward Schell,
D. H. McAlpin,
Amasa J. Parker
«Seorare B. Carhart,
Samuel F. Barger,
THE
Chauncey Mi utepew.
G e o . rr. Magoun.
H Van Rennselaer Kennedy.
EXECUTIVE COMMITTEE:
Wm. Whitewright,
G. G. Williams,
James McLean,
E. B. Wesley,'
OF PHILADELPHIA,
«Geo. C. Magoun,
C. D. Wood,
"O. U Hays,
(
A C. 'Eingsland.
N p. 1 3 4 0 C hestnut Street.
EDWARD KING, President,
CAPITAL,
$5 00 ,0 00
JAMES M, McLBAN, First Vice-Pres’t.
JAMES H. OGTLVIE, Second Vice-Pres’t.
Receives deposits of money payable by check and
A O RONALD SON, secretary.
allows interest thereon; also receives for safe«
A. W. KELLEY, Assistant Secretary.
keeping securities and other valuables, and
rents safe' deposit boxes in bufgiar-proof
vaults.
ecei > ©s' Trusts of every description, acting as
executor, administrator, assignee, etc., and
executing surety for the faithful performance
Or any trust or office.
OF NEW YORK,
Acts as Agent or Attorney for the sale or manage' ment of real estate, and insures titles to real
No. 4 9 W A L L S T R E E T .
estate and mortgages.
«Capital and Surplus,
- $ 7 ,0 0 0 ,0 0 0
OFFICERS:
This company is a legal depository for moneys
paid into court, and is authorized to act as guardian
President—FRANK K. HIPPLE.
•0 » trustee.
Secretary—WILLIAM R. PHILLER.
11" in t e r e s t a l l o w e d on d e p o s it s ,
Treasurer—WILLIAM F. NORTH;
which maybe made at any time and withdrawn
Real Estate Officer-THOMAS B. PROSSER.
after five days’ notkfe, And will Be entitled to inter
est for the whole time they may remain with the
D IR E C T O R S :
'Company.,
Frank K, Hippie,
George Philler,
* Ext1cutors, administrators, or trustees of estates,
Henry
C.
Gibson,
Edward T. Steel,
-and females unaccustomed to the transaction of
Lemuel Coffin,
Charles W. Henry,
business, as well as religious and benevolent institu
Beauveau Borie,
John F. Bets,
tions, will find this company a convenient deposits
WBfiam M. gingerly.
Thomas Dolan,
•cry for money.
John Wanamaker,
R. D ale B en son.
JOHN A. STEWART, President,
Solicitor—GEORGE JUNKÏN;
GEORGE BLISS, Vice-President,
JAMES S. CLARK, Second Vice-Pres’t
TRUSTEES:
'Wilson G. Hunt, H. E. Lawrence, William Libbey,
'Clinton Gilbert, Isaac N. Phelps, John 0, Brown, j
Daniel D. Lord, Erastus Corning, Edward Cooper,
011 AND 013 CHESTNUT STREET,
'Samuel Sloan,
S. B. Chittenden, W.Bay’rdCutting
James Low,
John H.Rhoades, Chas. S. Smith,
P H IL A D E L P H IA .
Wm. W. Phelps, Anson P. Stokes, Wm.Rockefelier, Authorized Capital......iV.............................$1,000,000
Xj.‘ Willis1James, KoOt.B.Minturn, Alex. E. Orr,
John J. Astor,
Geo. H. Warren, Wm.H.Macy, it, Paid-up Capital.,,....................................... 500,000
Acts as Executor, Administrator, Assignee, etc.
John A. Stewart, [George Bliss, '
and executes trusts of every description known to
HENRY L. THORNELL, Secretary.
thelaw.
LOUIS G. HAMPTON, Assistant Secretary.
AU trust assets kept separate from those of the Com
pany.
Burglar-Proof Safes to rent at $5 to $60 per annum.
Wills kept In vaults without Charge.
Bonds, Stocks and other valuables taken under
••••• ■
:
The Mercantile Trust Co., guarantee.Repository for Western Mortgage loans, bearing 0
and 7 per cent interest. Principal and interest guar
EQUITABLE BUILDING, NEW YORK.
anteed.
Money received on deposit at interest.
‘C a p i t a l , ^ 2 , 0 0 0 , 0 0 0
J. SIMPSON AFRICA, Pres.; J. G. READING, V.-P.
MAHLON S. 8TOK B8, Treasurer &Secretary.
WM- H. PRIpB, Trust Officer.
as a L e g a l d e p o s it o r y f o r c o u r t a n d
TRUST FUNDS AND FOR GENERAL DEPOSITS!
DIRECTORS.
UPON WHICH IT PAYS
J.SlmpsonAfrica] Alfred 8. Gillett, Joseph Wright,
C.P.Turner, M.D. Wm. 8. Price,
John T. Monroe,
L IB E R A L R A T E S OF IN TE R E ST
W.J. Nead, “
Thos. R. Patton, J. G. Reading,
H. Lucas, D.H.Agnew.M.D Jos. I, Keefe,
FROM THE DATE OF DEPOSIT UNTIL THE Wm.
C. Engel, Jacob Nayter,
»A T E OF WITHDRAWAL.
J Robt Patterson, Theo.
Edw’dL.Perfcins, William wa'tsoD,
THE COMPANY ‘ALSO BY LAW ACTS AS Thoa. G. Hood, Harry
W. Moore.
EXECUTOR, ADMINISTRATOR, GUARDIANl
Dr. George W . Belly, H a r r i s b u r g , Pa.; Henry 8.
-RECEIVER AND TRUSTEE, AS FISCAL AND Eckert,
R e a d i n g ; E d m u nd S. Doty, M i e e l i n To w n ;
W. W. H. Davis, D o y l e s t o w n ; R . E. Monaghan,
EXCEPTIONAL RATES AND FACILITIES ARB W e s t Ch e s t e r .
OFFERED TO RELIGIOUS AND BENEVOLENT
INSTITUTIONS AND TO EXECUTORS OR TRUS
TEES OF ESTATES.
Real Estate Trust Co.
United States Trust Co.
The Union Trust C o.,
K A N SA S C I T I , M O .
CAPITAL PAID UP,
SURPLUS, - Reserve Liability
Total
•
$ 1, 0 0 0 ,0 0 0
-
1 0 0 ,0 0 0
1 , 0 0 0 ,0 0 0
- $2 , lÖÖToÖÖ
This Cqnapany offers for sale at par and
accrued interest its
S IX P E R C E N T D E B E N T U R E S ,
payable half-yearly at the office of THE MER
CANTILE TRUST CO., NEW YORK. These
Debentures run for Ten years, but with the
option of redemption at the end of Five years
They are direct obligations of the Company
and are farther secured by an equal amount o f
Real Estate Mortgages on improved and pro
ductive Real Estate worth from three to five
times the amount of the mortgages, held by THE
MERCANTILE TRUST CO., which under special
Articles of Agreement acts as Trustee for the
holders of the Debentures. They are issued in
denominations of $500, $1,000 and $5,0Q0
These Debentures aré a very desirable class
of investments for Estates and Trust Fundsand for individuals and corporations desiring
an exceedingly safe investment, with a com,
paratively high rate of interest.
M o r t g a g e s o n R e a l E sta te in Kansas City,
and improved farms in Kansas and Missouri,
at not to exceed 40 per cent of the value, are
also offered investors.
Write for further information and references
to any one of the company’s offices at
1' '
K A N S A S C I T Y M O .,
N E W Y O R K , 239 Broadway;
LO N D O Ñ , E N G L A N D , 95 Gresham Street.
Stamen Island Securities
A S P E C IA L T Y .
Gas, Railroad an
Electric Light Co.
Stocks.
G EO . B . R I P L E Y ,
6 * B roa d w a y, R o o m 8 .
A RARE
O P P O R T U N IT Y .
Fifty thousand dollars in the hands of an upright
man of good business habits will secure one-half
interest in an old’ established manufacturing con
cern located in-the heart of the 'City Of St. Paul
upon its own ground and working 150 men, doing a
safe and highly legitimate business. ■
Increasing business demands more capital. The
right person wili be readily convinced that this is
an unusual opportunity, but any one unprepared
for prompt action will please not reply. The best
of references will be given and will be required.
Address
’ A. S. TALLMADGE,
- -1■ ■
Secretary Chamber of Commerce,
' ■ •' St. Paul, Minn.
ANTED -O RG AN IZER F O R A COMW
pany to work att electrical enterprise protected
by patents; field large, profitable and exclusive.
Will stand thorough investigation; ELECTRICITY,
Commercial & Financial Chronicle. • *
Dayton & Union RR. Go.
Cleveland, O., January 18,1888.
NOTICE is hereby given to the First Mortgage and
Income bondholders of this company, that the com
pany has a surplus fund of $55,00i) applicable to the
sinking fund of its first mortgage, and that the same
will be invested in the first m >rtgage bonds o f said
TRUSTEES :
company offered at or below par.
Cpr.of Montague and Clinton Sts.,Brooklyn, N.Y.
If a sufficient amount of first mortgage bonds is
LOUIS FITZGERALD, President.
C A P IT A L (F U L L Y PA ID ) - $ 1 ,0 0 0 ,0 0 0 not offered at or below par within twenty days from
JOHN T. TERRY,
)
This company is authorized by special charter to the date hereof to absorb said surplus, then said
HENRY B. HYDE,
>Vice-Presidents.
act as receiver, trustee, guardian, executor or admin fund will be invested in income bonds, if offered at
EDWAR D L MONTGOMERY, )
or below par, within twenty days from this date.
istrator.
. , ..
,
It can act as agent in the sale or management of Tenders of bonds,, with prices, will be addressed to
H e .v r y a . H u r l b u t ,
Jam es m . H a lste ad ,
real estate, collect interest or dividends, receive re the undersigned, at this office, up to Feb 7,1888.
H e n r y g . M a r q u a n d , B r a y t o n Iv e s ,
G. g. RUSSELL, Secretary.
gistry and transfer books, or make purchase and sale
R u s s e l l Sa g e ,
W h it e l a w r e id ,
--------------------------------------of Government and other securities.
H e n r y M. A l e x a n d e r , F r e d , l , A m e s ,
Religious and charitable institutions, and persons
•Si d n e y D i l l o n ,
J a m e s St o k e s ,
unaccustomed to the transaction of business,:will
N o r y in G ree n ,
J am es W . A le x a n d e r ,
find this Company a safe and convenient depository
Joh n w . H unter,
Ge o r g e L. R iv e s ,
for money, RIPLEY ROPES, President.
H e n r y Da y .
a . W De n n is ,
M i l l s BUILDING, 35 WALL ST., NEW YORK.
EDMUND W.CORLIE8, Vice-Pres’t.
J. H a m pd e n R o b b ,
b . F. R a n d o l p h ,
A u s t in c o r b in ,
J oh n J. m c c o o k ,
p a i d - u p C A P IT A L , - - $ 1 ,0 0 0 ,0 0 0
TRUSTEES.
«
R i c h a r d I r v i n g . J r .,
E lbert b . Monroe,
Designated as a legal depository by order of
T h o m a s T. E c k e r t ,
E d w a r d A . Q u in t a r d ,
Josiah O. Low, E. F. Knowlton, [H’y K. Sheldon,
Supreme Court. Receive deposits of money on
E d w a r d f . W in s l o w
W m . h . Slo c u m ,
Alex. M. White, John T. Martin, C. D. Wood,
interest, act as fiscal or transfer agent, or trusted
T h o m as M a it l a n d
W i l l i a m l . St r o n g
A.A.Low,
Fred.Cromwell, Wm.H.Male,
f or corporations, and accept and execute any legal
AiARCELLus H a r t l e y
Alex. McCue,
John P. Rolfe, Ripley Ropes,
trusts from persons or corporations, on as favorabla
Kica’l Chauneay, E. W. Sorties*
Abram B. Bayiis, terms as other similar companies.
WJ". ii, Kendali.lH. E. Pierrepont, H. W, Maxwell,1
THOMAS HILLHOOSiS, President.
HENRY C. QHMM1NG. Secretary and Treasurer,
J am es R oss Cu r r a n , Secretary.
. v R T s n R l U O o . t a p p h s , Vice-President,
_
Frederick C- Colton,.Asst, Sgc’y.
CHARLES M. JEiUPjJSesreiW, _ _ _
t f U H T t * H W FTJSR. A ssisU m i S vC ra a sy,
The Brooklyn Trust C o.,
Metropolitan Trust C o.,
THE
▼Ill
g a n lu r s mxä
%xo^txo © u t of
Brewster, Cobb
& Estabrook,
BANKERS,
no. 35 CONGRESS S T R E E T ,
BO STON .
MEMUKRa OF THE NEW YORK AND
BOSTON STOCK EXCHANGES.
ALSO,
D ealer« in M u n ic ip a l, State, R a ilro ad
an d U n ited States B o n d s.
Irving A . Evans & C o.,
BANKERS AND BROKERS,
N o. 63 S T A T E S T R E E T ,
BOSTON.
CHRONICLE
IJjetti
[VOL. XLYI,
ffittanxial.
Uorclu
Rea Bros. & C o.,
FOB SALE:
BANKERS AND BROKERS,
S E C O K D -H M D
AND DEALER8 IN -FOREIGN EXCHANGE,
4 3 5 W o o d Street, P ittsb u rg , P a
R ailw ay
W e oiler the above at low prices lor cash
dr on easy terns or Car Trust) or will
exchange for good securities. Whether
yon wish to bay, sell, or trade, it will pay
yon to write us for fall particulars*
W m . G. Hopper & C o.,
THE NEW YORK EQUIPMENT CO,
(Successors to WALKLKY & CO.),
BANKERS] AND BROKERS,
10 W A L L S T R E E T , N E W Y O R K ,
3 8 S ou th Third S treet,
J a m b s iBvrsrK, Pres’t.
W ilbour, Jackson & C o .,
BANKERS AND BROKERS,
N o. 6 2 W E Y B O S S E T S T R E E T ,
E. W . Clark & C o.,
P R O V ID E N C E , R . I.
BANKERS AND BROKERS,
Dealers in Commercial Paper, Government and No. 35 South T h ird S t., P h ila d e lp h ia .
Other first-class Bonds and Securities and Foreign
Railroad, Municipal and other desirable invest
ment Securities for sale.
Exchange.
Transact a general banking business. Allow inter
Private telegraph wire to New York and Boston.
est on deposits.
Members of the Philadelphia and New York Stock
Exchanges, and connected by private wire with New
York.
A . L. Hartridge,
ATLANTA.
Humphreys Castleman,
&
N o. 10 W A L L S T R E E T ,
YORK.
BANKERS AND BROKERS,
N o. 5 7 F O U R T H A V E N U E .
Oldest Pittsburgh members N.Y. Stock Exchange.
S ou th ern Securities a S p ecialty.
N o . 51 W e s t T h ir d S treet,
CINCINNATI, OHIO
ST O C K S and B O N D S
A t Auction.
The Undersigned hold REGULAR AUCTION
SALES, of all classes of
STO CK S
AMD
BOMBS,
ON
WEDNESDAYS AND SATURDAYS.
A D R I A M 11. M U L L E R & SOM,
N . W . Harris &
C o.,
CHICAGO and BOSTON.
DflNinO of Counties, Cities, &c., of high grade a
DUWLIO specialty. Send for D escrintive Lists.
COLLECTIONS AND INVESTMENTS MADE.
Correspondence invited.
BANKERS AND BROKERS,
Members of Baltimore Stock Exchange),
MERCHANTS’ NATIONAL BANK,
~
B A L T IM O R E ,
R IC H M O N D , V IR G IN IA .
(INVESTMENT and SOUTHERN SECURITIES a
Collections made on all Southern points on best
Specialty.)
Correspondence solicited and information fur terms; prompt returns.
JOHN P. BRANCH, President.
nished.
J o h n F. G l e n n , Cash. F r e d . R. sc ott , Vice-Pres.
N. V. Correspondents—McKlm Brothers Co.
* *
'
&
Robert Garrett & Sons,
BANKERS,
STREET,
B A L T IM O R E ,
J W n oA L T A GENERAL DOMESTIC AND
FOREIGN BANKING BUSINESS.
Bank o f Buffalo,
WE SOLICIT THE AGENCY
or
N A T IO N A L
BANKS
A t a Charge o f $5 per A n n u m .
GREEN
& CUNNINGHAM,
R e a l Estate B rok ers
1405 F STREET, WASHINGTON, D. C.
Reference: Hon. A. U. Wyman , Ex-Treasurer
U. S„ Omaha, Neb.
BUFFALO, N. Y.
ailey
Wm. C. Co b n w e l l , Cash’r.
Capital....3 3 0 0 ,0 0 0 Surplus....... $ ¿ 5 0 ,0 0 0
P IN E S T R E E T .
This Bank has superior facilities for making Col
d e a l in g s in
lections in and out of the city on the most liberal
terms, and with careful attention to the best inter I N S U R A N C E S
STO C K S
ests of its correspondents.
C o r r e s p o n d e n t s :—Importers’
Traders’ Na
A S P E C IA L T Y .
tional Bank and Chemical National Bank, New York;
Merchants’ Loan Trust Co., Chicago; Union Bank
Gash paid at once for the above securities or tfcey
Of London, London.
will be sold on commission at seller’s option.
BANKERS,
Whitney & Stephenson,
CO.,
W ilson, Colston & C o .y
&
R . A . Lancaster & C o.,
DEALERS IN
Texas National Bank,
8 . S. J e w e t t , Pres.
96 B roadw ay.
See my quotations of Trust and Telegraph Stocks
in Daily Indicator and Saturday’s Evenino Post-
INVESTMENT and MISCELLANEOUS
SECURITIES.
BANKERS AND COMMISSION MERCHANT*,
J. S.A l e x a n d e r , Pres. A .A .A l e x a n d e r , Cash’r
R IC H M O N D , V IR G IN IA .
Circulars and information on funding the debts of
Virginia and North Carolina free of cost; one-eighth
percent charged for funding. Southern Railroad
end State and City Bonds bought and sold.
SAN AN TO N IO , T E X A S .
7 SO U TH
BOUGHT AND SOLD BY
W M . C. N O YES,
NO. 1 PINE STREET. NEW YORK.
St a t e B a n k B u il d in g
R I C H M O N D , V A.
Private wires connecting with Washington, Balti
more, Philadelphia and New York.
N o.
AND
ESTABLISHED 1871.
BANKERS AND BROKERS,
TH O M AS RRAM CH
ALL OF THIS
PA.
H . B. Morehead & C o.,
C . W . Branch & C o.,
Sec’y
M ew Y o r k
NEW
P IT T S B U R G H ,
BROKER AND DEALER IN ALL KINDS OF
H. B. M o r e h e a d .
W m . Fa ir l e y
SECURITIES.
Bonds and Stocks bought or sold on commission.
Georgia and Alai ama Securities specially dealt in.
Correspondents —Tobey Kirk and Aurutenhofer,
New York.'
References—Atlanta National Bank, Atlanta,Ga.,
STOCK, BOND AND NOTE BROKERS,
sad Fourth National Rank, New York.
&
Wa l k l e y ,
B r o o k ly n Com panies’
Direct private wire to G r k e n _& Ba t e m a n , New
York.
S A V A N N A S , G A .,
SECURITY BROKER.
Buys and sells, on commission all classes of Stocks
and bonds
Negotiates loans on marketable securities.
New York Quotatians furnished by private ticker
every fifteen minutes.
L. V .
Trust Co.’s Stocks.
PHILADELPHIA.
MEMBERS OF BOSTON, NEW YORK AND
PHILADELPHIA STOCK EXCHANGES.
Desirable BIX PER CENT WATER BONDS and
S t o c k s a n d B on d s B o u g h t a n d Sold
other first-class securities for sale.
in a ll M ark ets.
J o s h u a W il b o u r ,
Ch a r l e s H . Sh e l d o n , J r
B e n j a m in a . J a c k s o n , W il l ia m b i n n e y , J r .
Equipm ent
MEMBERS
New York and Philadelphia Stock Exchanges.
Pittsburg Petroleum, Stock and Metal Exchange.
Private wires to New York, Boston, Philadelphia,
Baltimore and Washington.
E.
I
S. B
5**
,
&
;
H . L. Grant,
N o.
14 S B R O A D W A Y ,
NEW YORK.
CITY RAILROAD STOCKS & BONUS
BOUGHT AND SOLD.
See Quotation« of City Railroads In thla papar.
COLORADO CENTRAL
Consolidated
Mining
Co.,
48 E X C H A N G E P L A C E .
PAUL L i c h t e n s t e i n ,
H . R. Ba l t ze r ,
President,
Vice-President,
W . E. m a n t iu s ,
Treasurer.
Secretary
G. W. h a u ,, Sup’t.
R . V . Ma r t in se n ,
Investment Securities
BOUGHT AND
SOLD.
WANTED t
Southern Central of N. Y. lsts.
Middletown Unionville & Water Gap 5s
Indianapolis ,&Vincennes lsts and 2ds.
Scioto Valley Bonds, all issues.
A L I3 E R T E . H A C H F I E L D ,
N e, fit« P in e Street.
R . T . Wilson & C o.,
BANKERS AND COMMISSION MERCHANTS
2 E xch an ge c o u r t N ew Y o rk .
■
AN[JARY 88; 1888.]
© a tm fiia n
I ffiiu e iflu
THE
C H R O N ICLE.
S a ttes
a t x f i ?Ç a tï& je * $ u
C A N A D IA N .
F O R E IG N .
Bank o f Montreal.
THE
[ESTABLISHED
CAPITAI. Paid In 8DKPLVS -
1818.]
. $ 1 2 ,0 0 0 ,0 0 0 Gold
- $ 6 ,0 0 0 ,0 0 0 Gold
Hon. Sir DONALD A. SMITH, President.
W. J. BUCHANAN, General Manager.
NTBW YORK OFFICE:
tiom, 59 & 61 W A L L S T R E E T ,
W alter W atson,)
A lex ’ r Lang ,
i Agents.
Railway Share Trust Co.
(LIMITED),
N o. 4
BANK
BUILDINGS
LONDON, ENGLAND.
IX
Ifjcr tfje ifitx .
The Bank of Australasia.
(Incorporated bv Royal Charter, 1885.)
4 T h read needle Street, L o n d o n .
Paid-up Capital, - - - - - - £1,600,000
Reserve Fund, - - - - - - 800,000
Reserve Liability of Proprietors
under the Charter - - - - 1,600,000
Letters of Credit and Drafts lssned on any of the
numerous branches of the Bank throughout Aus
tralia and New Zealand.
Bills negotiated or sent for collection.
Telegraphic transfers made.
Deposits received in Loudon at Interest for fixed
periods, on terms which mav be ascertained on ap
plication.
PRIDEAUX SELBY, Secretary.
Hong Kong & Shanghai
Capital P a id U p , « 9 7 1 ,3 6 0 Sterling.
Buy and sell Sterling and Continental Exchange
and Cable Transfers ; grant Commercial and Travel
This Company undertakes the business of Trustee
ers’ Credits, available in any part of the World;
issue drafts on, and make collections in, Chicago to Loans of approved Railways, negotiates and
and throughout the Dominion of Canada.
issues Loans on the London Market, acts as Agent for
L on don Office« N o. 2 2 A bchiireli L ane. Railways and other Corporations, either In the mat
ter of payments of Interest on Loans, Dividends on
or Registration of Stooks In London, or otherwise.
B A N K IN G C O R P O R A T IO N .
Paid-up Capital..............................
$7,500.000
Reserve Fund.........................
8,900,000
Reserve Liability of Proprietors.............. 7,500,000
The Corporation grant Drafts, issue Letters of
Credit for use of Travellers, and negotiate or colleot
Bills payable at Bombay, Calcutta, Singapore,
Saigon. Manila, Hong Kong, Foochow. Amoy,
Ningpo, Shanghai, Hankow, Yokohama, Hiogo, San
Francisco and London.
A . M . T O W N S E N D , A g en t, 5 0 W a ll St.
Imperial Bank of Canada
C A P IT A L (paid u p ), - - $ 1 ,5 0 0 ,0 0 0
SU R P L U S , - - - - - - $ 5 5 0 ,0 0 0
H. 9. HOWLAND, Pres’t. D. R. WILKIE, Cashier.
H E A it OFFICE! T O R O N TO .
BRANCHES IN ONTARIO.
Essex Centre, Niagara Falls. Toronto.
Fergus,
Port Colborne.
do Yonge St.Br.
Galt,
St. Catharines. Welland
Ingers oil.
St. Thomas.
Woodstock.
BRANCHES IN NORTHWEST.
Winnipeg.
Brandon.
Calgary.
t i A S ?nl 8 *n
] Agents in New York :
Lloyd’s Barnett s & Bos- b An K of Montreal.
a:iauet’s Bank, limited, I
Promptest attention paid to collections payable in
any part of Canada.
Approved Canadian business paper discounted at
the Head Office on reasonable terms, and proceeds
remitted by draft on New York.
Dealers in American Cur’y and Sterling Exchange.
T h e M erchants’ Bank
OF
CANADA.
Capital, F aid Up. • • • $5,799,200
R e s e r v e , .............................1,700,000
HEAD
OFFICE), M O N T R E A L .
ANDREW ALLAN, Esq., '’resident.
ROBERT ANDERSON, Esq., Vice-President
GEORGE HAGUE. General Manager.
JOHN GAULT, Branch Superintendent.
BANKERS :
LONDON, ENG.—The Clydesdale Bank (Limited.)
NEW YORK—The Bank of New York, N. B. A.
i A general Banking business transacted, s Letters
of Credit issued, available in China, Japan and
other foreign countries,
N ew Y o rk Agency, N o. 61 W a ll Street.
HENRY HAGUE,
)
JOHN B. HARRIS, JR., ( Agents.
AGENCY
B
OF
THE
a n k
or
B ritish N orth A merica ,
R E G IS T R A T IO N OF
„TH E ENGLISH ASSOCIATION OF AMERICAN
BOND AND SHAREHOLDERS (LIMITED) are
prepared:
1. To obtain Registration of American Railway
Snares in the name of the Association, lodge them
witn the London & Westminster Bank, and issue
against the deposited Shares the Certificates of the
Association, countersigned by the Bank. The certi
ficates have coupons for dividends attached, and
upon presentation of the advertised coupon at the
office of the Association the dividends may be obtained the same day they are payable in the U. 8.
2. Or they will obtain Registration of 8hares in
tne name of the Association, deliver up the Shares
duly endorsed to the owner, and pay tne dividends
at the office of the Association in London the same
day they are payable in the United States.
3. Or they will obtain Registration of Shares in
the owner’s name, and collect the dividends by
power of attorney.
Under plan No. 1 British holders of American
shares are enabled when necessary to take immedi
ate combined action in voting, the power being used
by the Association on instructions from holders of
certificates representing shares in any particular
railway. This plan also affords absolute security to
lenders of money on American shares, as Associ
ation certificates are only issued upon newly-verified
share certificates.
The original Am erican shares can always be re
exchanged at short notice, free of expense, on pre
sentation of the Association’s Certificates at the
office.
The charge for registration and for the Associ
ation’s Certificates is 3d. per share.
SAMUEL POPE, Q. C.,- Chairman.
JOSEPH PRICE, Managing Director.
__
F. P. BAXTER, Secretary.
Nos. 5 and 6 Great Winchester St., London, E. C.
The Association acts as Transfer Agents in Lon
don for American Railway Companies, in conjunc
tion with the London agents of the Mercantile
Trust Company of New York as Registrars.
Agents in the United States,
___________ POOR & GREENOUGH, 36 Wall St.
Blake, Boissevain & C o.,
LONDON,
ENGLAND.
N egotiate Railway, State and City loans.
Execute orders for Bonds, Shares, etc., On Com
mission, and transact a general Banking and
Commission Business.
Special attention given to the execution of
orders for Securities on the New 7ork, Lon
don and Amsterdam Exchanges, in corres
pondence with
A D O L P H B O IS S E V A IN Sc CO.
A m sterd a m , H o lla n d .
TH E
Anglo-Californian Bank
(LIMITED).
L O N D O N , Head Office, 3 Angel Court.
S A N F R A N C I S C O Office, 20 0 Sansjm e St.
N E W Y O R K Correspondents,
J. & W . Seligman & Co.
B O S T O N Correspcnd’ts, Massachusetts N. Bk.
Heinemann & C o.,
62 Gresham House, E. C„
LONDON.
Solicit accounts and agencies of Banks, Railway»
Corporations, Firms and Individuals upon
$ 6 ,000,000
favorable terms; also orders for the pur
• 1 ,5 0 0 ,0 0 0
- 5 0 0 ,0 0 0
chase and sale of Bonds, Shares, <fce., Ac. on
the Stock Exchange.
Transact a general banking business. Issue Com
mercial Credits and Bills of Exchange,available in all Interest allowed on Deposits, subject to 60-days
parts of the world. Collections and orders for Bonds,
sight drafts, at Bank of England Tate, and
8tocks, etc., executed upon the most favorable terms.
one per cent below that rate subjeot to
FRED’K F. LOW,
demand drafts.
IGNATZ STEINHART, ) Mana« er8'
P. N..LILENTHAL, Cashier..
Negotiate Railway, State and City.Loan*.
A u th orized C ap ital, P a id -u p C apital, - R eserve F u n d , - - -
G% THE AMERICAN
American Kailway Shares. G
N o. 52 W A L L S T R E E T .
.Buy and sell Sterling Exchange and Cable Trans
fers. Issue demand drafts on Scotland and Ireland,
British Columbia and San Francisco.
^ C IR C U L A R NOTES issued in Pounds Sterling
available in all parts of the world. COMfUEitC IA L CREDITS ISSUED for use In Europe,
China, Japan, East and West Indies and the Brazils,
B L A K E B R O T H E R S Sc CO .,
River Plate, &c.
Bills collected and other banking business trans
18 W a ll Street, N ew Y o r k ,
acted.
D. A. MCTAYISH.)
2 8 State Street, B o sto n , M ass,
H. STIKEMAN, (Agent*.
AND
F O R E IG N .
ff arra gEKortgaars.
Cable Address—p a VY, London.
O
INVESTMENT GOj
1 5 0 N assau Street, N ew Y o r k ,
Offer extraordinary inducements in
IN V E S T M E N T
S E C U R IT IE S
ALL GUARANTEED.
Assets, October 1st, 1887, $ 1 ,8 6 6 ,8 3 6 68.
Send for full information and references.
INVEST THROUGH THE SOUND AND
RELIABLE
WESTERN FARM MORTGAGE CO.,
LAWRENCE, KAN.
F. M. P e r k i n s , Pres’t.
L, H. P e r k i n s . Seo.
Paid Up Capital,
$2 50 ,0 00
The choicest First Mortgage Farm Loans, also the
Company’s Ten Year Debentures, based upon its
paid up tapital and assets of over $650,000. No losses.
Eleven years’ experience, with absolute satisfaction
to over 1,500 investors. Send for circulars, forms and
full information, Branoh offices in N. Y. City and
Albany. New York Office 137 Broadway.
___________________C. C. HINE & SON. Agents.
Important Notice.
TO HOLDERS OF KANSAS REAL ESTATE
MORTGAGES:
Send to HODGES & KNOX, TOPEKA, KANSAS,
for Free maphlet containing the compiled Laws o
Kansas relating to Real Estate Mortgages.
MINNEAPOLIS 6 PER CENT GOLD
DEBENTURES,
QUADRUPLY SECURED.
SAFE AND MOST DESIRABLE SECURITIES
Send for circular or apply to
N E H E R & C A R P E N T E R , B an k ers,
TROY, N. Y.
Eastern Managers for Minneapolis Debenture an I
Northwestern Guaranty Loan Companies.
Authorized Capital, $4,000,00’’ • "aid-up Capital.
0,000; Surplus, $50,701.
T H E M ID D L E S E X B A N K IN G CO.,
-1MIDDLETOWN. CONN.
Capital Stock, Paid up, - - - - $5 00 ,0 0 0
S IX PER CENT FIR ST MORTGAGE
DEBENTURE BONDS
and mortgage notes guaranteed. Interest payable at
National Bank of the Republic, New Fork. Under
same supervision as Savings Banks. Chartered
1 872. The amount of outstanding obligation
Limited by Statute.
Offices—Boston, 54 Equit <ble Building; New York,
11 Wail St.; Philadelphia, 512 Walnut St.
T H E INVESTORS (AGENCY
(M. L. SOUDDER, Jr ., PROPRIETOR,.;
240 LA SALLE ST., CHICAGO ILL.
Reports Concerning .Aflairs ol Corporation •
RAILROADS ESPECIALLY.
Large Library Railroad Documents,
Competent Experts.
Confidential Reports,
Moderate Charges.
Send for circular.
A lbert
Pearce,
1 6 & 18 B R O A D S T .,
tSROKKR IN ALL KINDS OF INVESTMENT
BONDS,-MISCELLANEOUS SECURITIES
AND DEFAULTED BONDS.
[ 'CORRESPONDENCE SOLICITED,
p
TH E CH RO N ICLE
2
[V ol, X LV
ffinaticial.
READY
F E B . 15.
HE CIRCUIT COURT OF THE
F ofTUNITED
STATES In and for the Southern Dis
Houston & Texas Central trict
Iowa, Eastern Division.
TH E
R A IL W A Y REORGANIZATION
THE CENTRAL TRUST CO.
OF NEW YORK, et al.,
NOTICE.
Complainants.
IN EQUITY.
VS.
New Y ork, Dec. 30,1887.
THE WABASH ST. LOUIS No.
& PACIFIC RAILWAY ORIGINAL BILL.
Under an agreement entered into this date between
COMPANY, et al..
certain security holders of the Houston & Texas
Defendants..
Central Railway Company, the Southern Pacific Com
pany, and the Central Trust Company of New York,
the undersigned has been appointed a Purchasing
Trustee,Mwith power to perform the duties therein THE FARMERS’ LOAN &
Bet forth and to reorganize the above railway on the
TRUST CO. as Trustee
under the Mortgage made
following basis:
to
it by the CENTER
PUN.
VILLE MORAVIA & ALBIA RAILROAD CO.,
CROSS-BÜÎL.
Mew Securities to be Issued upou Reorgan
Cross-Complainants.
VS.
ization of the New Company.
THE CENTRAL TRUST CO.
OF NEW YORK and
JAMES CHENEY, et al.,
First Mortgage 50 Tear
Cross-Defendants.
Equal In amount
5 per Ct. Gold Bonds,
to the present
PUBLIC NOTICE Is hereby given that In pursu'
outstanding 1st ance
a decree entered in the above-entitled cause
mortg’ge b’nds. on theof22d
INTEREST GUARANTEED BY
day of September, 1886,1, the undersigned
THE SOUTHERN PACIFIC
Standing
Master In Chancery of said Court, and
COMPANY.
named in said order, will on the 29th day of Feb
ruary, 1888, at the front door of the building in
Consolidated Mortgage 6 Equal in am’tto which the United States Courts are held In the city of
Keokuk, in the State of Iowa, make sale at public
the present out auction
of the mortgaged premises embraced in said
Per Ct. Gold Bonds,
standing Con
as an entirety without appraisement, and
sols (both class cause,
without any right reserved on the part of any person
es),
including
TO MATURE 1912. INTEREST
persons whomsoever to redeem the same, which
1,119bonds held or
GUARANTEED BY THE
mortgaged premises are described In said decree as
by the General also in a certain Indenture of mortgage or deed of
SOUTHERN PACIFIC COM
Mort.
Trustee.
PANY.
trust.dat ed the 6th day of February,1880, executed by
the Centerville Moravia A Albia Railroad Company,
by it delivered to the Farmers’ Loan A Trust
General Mortgage 4 Per Equal in amount and
Company, as follows, viz,: All and singular the en
to present out tire railroad of the said <enterville Moravia A Albia.
Cent Gold Bonds.
standing "Gen Railroad Company, extending from a junction with
erals,” lnclud’g the Missouri Iowa A Nebraska Railway Company,
the 945 bonds In the vicinity of <enterville, in Appanoose County,
TO MATURE 1921. INTEREST
hypothecated. State of Iowa, to a junction wiih the Central Iowa
GUARANTEED BY SOUTH
Railway, in the vicinity of Albia, in Monroe County,
ERN PACIFIC CO.
Iowa, which was on the sixth day of February, 1880,
being built and constructed, and its franchises,
6 Per Cent Debenture'
equipment, property, tools and interest, that is to
Equal to three- say, the lands, tenements, fixtures, goods and chat
Bonds,
quarters of ac tels, of said Centerville Moravia A Albia Railroad
crued interest Company, its property rights, privileges, interests
on present Con and estate of every description and nature, its rails,
TO MATURE 1897. PRINCI
ties, fences, buildings and erections, its right of way,
sols.
PAL AND INTEREST GUAR
cars, engines, tools and machinery, its rents, reser
ANTEED BY SOUTHERN
vations, incomes, tolls and reversions of every pas
PACIFIC CO.
ture, Including ail the property of whatsoever kind
or character which the said Centerville Moravia A
Albia Railroad Company then possessed or might
4 Per Cent Debenture
acquire, with the benefit of all contracts
Equal to two- thereafter
said Centerville Moravia A Albia Railroad
Bonds,
thirds of ac which
Company had made or by assignment or succession
crued interest held,
might thereafter make or have, either in
on p r e s e n t law ororequity,
TO MATURE 1897.
PRINCI
and the right of all tolls, inco.me, Is
Generals.
PAL AND INTEREST GUAR
sues, profits and interests which might thereafter
ANTEED BY SOUTHERN
accrue to the said Centerville Moravia A Albia Rail
PACIFIC CO.
J
road Company, from any source whatever, including
all the property acquired by said Centerville Mora
via A Albia Railroad Company, since tbe date of said
$
10
,
000,000
STOCK,
• •
•
*
mortgage.
” , ..
By the terms of sale in said decree prescribed, the
purchaser at said sale is required of the purchase
price to pay not less than twenty-five thousand dol
PRESENT SECURITIES.
lars in cash; and on final settlement to pay in cash
such sum or sums as the Court shall hereafter direct
FIRST MORTGAGE BONDHOLDERS to receive to meet any claim as the Court may adjudge to be
the par of their bonds in new first mortgage bonds, prior in equity to the lien of said mortgage, or deed
*50 bonus upon deposit of their bonds, and *140 ac of trust; and any other payments which the Court
crued interest in cash when new secmmes are issued. may adjudge to be necessary to be paid in cash, and
CONSOLIDATED MORTGAGE BONDHOLDERS the balance of the purchase price not required to be
are to receive the par of their bonds in n e w « paid in cash may be paid either in cash or in bonds
ed mortgage bonds, and fwaccraed interest ^M in fl and over-due coupons, secured by said mortgage or
per cent debentures. UPON DEPOSIT OF THE IK deed of trust, to be received in payment at such
BONDS THEY WILL BE R W U I ^ D TO PAY price or value as would be equivalent to the distrib
S7R0 PER BOND TO DEFRAY THE EXPENSES utive amount or share that, the holder or holders
A N D COMPENSATION OF THEIK COMMITTEE.
thereof would be entitled to receive thereon, in case
GENERAL MORTGAGE BONDHOLDERS and the entire amount of the bid were paid in cash.
holders of Farmers’ Loan A Trust, certificates for
P. T. LOMAX,
Standing Master in Chancery of said Court.
the same, are to receive the par of their bonds ininew
general mortgage bonds and |®X^c^ p f.1e,tmro p
*120 In 4 per cent, debentures. UPON DEPOSIT O*
'FTTTCTR RONDS OR BXOHAN^Hl OF THEIR
PRESENT TRUST CERTIFICATES THEYWILL
BE REQUIRED TO BAY |7M PER BiiND TO
DEFRAY THE EXPENSES AND COMPENSA
T I O N OF THEIR COMMITTEE.
OUTSTANDING STOCK will be allowed to par
ticipate in the reorganization upon payment of an
assessment; the amount of which and the time for
payment Is hereafter to be declared by the purchas
ing Trustee.
Copies of the agreement above referred to may be
obtained at the office of the Central Trust Com
pany, 54 Wall Street.
1
____ ,
All bondholders and holders of Farmers’ Loan A
Trust Company’s certificates for general mortgage
bonds are reauested to deposit, without delay, their
bonds and certificates with the Central Trust Com
pany, 54 Wall Street, AND MAY DO SO UP TO AND
INCLUDING FEB. 10, 1888.
. _ __ ,
Negotiable certificates will be, issued and proper
steps for listing the same upon the Stock Exchange
will be taken without delay.
,
,
.
,
A majority of the general mortgage bonds and a
large number of the other classes have already been
deposited.
CENTRAL TRUST COMPANY OF NEW YORK.
Purchasing Trustee,
By
By F. P. OLCOTT, President.
The undersigned committees respeotfnlly recommend acceptance by all the bondholders of the above
mentioned reorganization agreement.
Dated New York , Jan. 18,1888.
ALBERT S. ROSENBAUM,
WILLIAM H. POMROY,
JOHN F. PATTERSON.
Committee of Consolidated Bondholders
HENRY BUDGE, of Hallgarten A Co.,
WILLIAM MERTENS, of L. Von Hoffman A Co.,
THOMAS L. MANSON, JR., of Chas. Head A Co.,
FREDERIC TAYLO ft of Frederic Taylor A Co.,
H. K. POMROY of Pourroy Bros., «
WILLIAM J. QUINLAN. JB..
HAS. ROBINSON SMITH,
Committee of General Mortgage Bondholders ’
The United States Life
Insurance Co.
IN T H E
C IT Y O F N E W
YORK.
(ORGANIZED IN 1850.)
261, 262 & 263 Broadway, New York.
Financial R e v ie w .
(ANNUAL.)
1SS 8.
A
YEAR B O O K
OF
FINANCIAL INFORMATION
FOR
B an k ers.
S to ck B r o k e r s ,
M erch an ts,
In v e s to rs .
CONTENTS!
R etrospect o f 1 8 8 7 .
M ercantile F a ilu re s.
B a n k in g a n d F i n a n c i a l U n i t e d States—National Bank Figures and
Currency Movements.
New York Citr—Bank Returns, &o.
London—Money Market and Bank Returns.
C om m ercial—
United States—Foreign Commerce, Trade
Balance, U. S. Exports and Imports of
Leading Articles. London—Review of
year, Bank Returns, &o.
T h e M on ey M a r k e t Influences, and Prices of Call Loans and
Commercial Paper since 1879.
G old an d S ilv e r Production, Consumption, Exports and Im
ports of Gold and Silver in tbe United
States and abroad.
F o re ig n E x c h a n g e Market and Prices in New York, 1872-1887.
In v estm e n ts an d Speculation—
Compound Interest Table, Showing Accu
mulations of Money in a Series of Years.
Table Showing the Rate Per Cent Realized
on Securities Purchased at different prices
(without regard to date oi maturity.)
Stock Speculation in New York.
United States D ebt and Securities—
Debt of the United States, 1793-1887.
Prices of U. S. Bonds, 1860-1887.
State D ebts an d Securities—
State Debts and Immunity from Prosecution.
Prices of State Securities, 1860-1887.
R a ilro ad s a n d th eir Securities—
Railroad Statistics of the United States.
Railroad Earnings.
Prices of Railroad Bonds, 1883-1887.
The New York Stock Market, 1882-1887.
Stock Quotations N. Y. Exch., 1883-1887.
Stock and Bond quotations at Boston Ex
change in 1887.
“
«
Phila. in 1887.
«
«•
Balt, in 1887.
GEO. H. BURFORD, President.
O.F.FBAiiUGH,Seo. A. W h e e l w r ig h t , Asst Sec.
W m. T. St a n d e n , Actuary.
In c r e a se
I n c r e a se
I n c r e a se
A ssets o v e r - - - $ 1 0 0 ,0 0 0
Ne w B u s in e s s , - - - 4 0 p e r c e n t .
of B u s in e s s in f o r c e , - $ 2 ,4 0 0 ,0 0 0
Price ol the Review, bound In cloth, - $2 0#
To Chronicle Subscribers, - - - - 1 50
in
in
POLICIES INCONTESTABLE.
CLAIMS PAID PROMPTLY.
TEN DAYS’ GRACE.
ABSOLUTE SECURITY.
The most liberal and equitable contract
consistent with recognized business prin
ciples.
©OOP AGENTS, desiring to represent the Com
pany, are invited to address J . 8 . G A F F N E Y ,
Superintendent of Agencies at Home Office.
W IL L IA M
B . D A N A & COM
PUBLISHERS.
1 0 2 W i l l i a m Street, N ew Y o r k .
JOSEPH Gl LLOTTS
STEEL PENS
!
GOLD MEDAL PARIS EXPOSITION- 1 8 7 0 .
T H E MOST PERFECT OF P E N S J
J a n u a r y 28, 1887.]
IHiscelîattjemis.
_____
Cxrttmi.
THE
F ID E L IT Y &
C A S U A L T Y CO.
OF NEW YORK.
Nos. 314 «& 3 1 6 B R O AD W AY.
CAPITAL, $250,000.
ASSETS, about $050,000
Issues SURETY BONDS, guaranteeing the fidelity
of persons in positions of trust, such as employees or
Railroads, Banks, etc., also Administrators, GuarIssues ACCIDENT POLICIES, containing ail
modern features.
Also PLATE GLASS and BOILER POLICIES of
approved forms.
Agents will appreciate the advantage of dealing
with a company which does more than one line of
business.
„
•
OFFICERS.
WM.M.RiCHARDS.Prest. Geo.F.Seward,V.-Prest
John m . Crane,
_ Robt.J.H illas, Ass. Sec.
_
_ _
. D1KBCTORS.
Geo. S. Coe,
A., B. Hull,
A. S. B&mes
J. S.T.Stranahan, H A. Huribut, J.G.McCullough,
A. E. Orr,
J. D.Yermilye, T. S. Moore ^
% w ilUa™?.. John L. Riker, J. Rogers Maxwell.
Wm. M. Richards,
Geo. F. Seward.
NO OTHER BUSINESS.
G u aran tee
Co.
OF NORTH AMERICA.
Cash Capital............................... ................. $300,000
Assets ana Resources over..................
900 000
Deposit with Insurance Department.........240)000
_
President :
Vice-President ;
Bi b
. T. G a l t ,
H on . j a s . F e k r ib r ,
Managing D irector: E d w a r d R a w l in g s .
am i
(Cnttou.
Lehman , stern & Co.,
Bliss, F abya'n & C o .
New Orleans, La.
New York, Boston, Philadelphia,
SELLING AGENTS FOB LEADING BRANDS
B R O W N Sc B L E A C H E D S H IR T IN G S
A N D S H E E T IN G S ,
PRINTS, DENIMS, TICKS, DUCKS, At*
T o w e ls,Q u ilts, W h ite G oods dc H osiery
Drills, Sheetings, de, for Export Trade.
Brinckerhoff, Turner
& C o.,
Manufacturers and Dealers Is
C otton
Crenshaw & Wisner,
16 4c 18 E x ch an ge P lace, N ew York ,
C O M M ISSIO N M E R C H A N T S ,
Co .,
F actors
Upto w n Office, No. 204 Church Street,
N ow Y o rk .
Orders executed at the Cotton Exchanges In New
~f»?d Liverpool, »Rh advances made on Cotton
.°i£1.er produce consigned to ns, or to our corresa Liverpool: Messrs. L. Rosenheim *
NewgassACo
®°*'
London, Messrs. B.
Henry Hentz & C o.,
COMMISSION
MERCHANTS,
8 South W illia m St., N ew Y o r k .
EXECUTE ORDERS FOR FUTURE1DBLIVBBY
C O T T O N
at the NEW YORK, LIVERPOOL AND NEW OR
LEANS c o tto n Ex c h a n g e s . Also orders for
C O F F E E
at the NEW YORK COFFEE EXCHANGE, and
C R A IN
NEW YORK OFFICE :
NO. I l l B R O A D W A Y .
D. J. TOMPKINS, Secretary.
N e w Y o r k D ir e c t o r s —Joseph w . Drexel. F. p
S i^?tÎ!,îj0^an Ç- Murray, J.E. Pulsford, John ¿aton,
E. F. Winslow, Erastus Wiman W. Butler Duncan.
a
Montgomery, Ala.
____
AND
COMMISSION M E R C H A N T S ,
No. 40 EXCHANGE PLACE,
MEMBERS OF THE OOTTQN, OOFFEE AND
PRODUCE EXCHANGES.
C O T T O N S A IL D U C R
COTTON CANVAS, FELTING DUCK, n t s
COVERING, BAGGING, RAVENS DUCK,BAIT.
TWINES, &C„ “ONTARIO” SEAMLESS
BAGS, “ AWNING STRIPES,
Also, Agents
U N IT E R ST A T E S B U N T IN G CO.
full supply, all Widths and Colors, always in stock
N o. 1 0 9 D u an e Street.
.L e h m a n , D u r r
L E H M A N B R O S.,
And all kinds of
B o n d s o f S u r e ty s h ip .
The
xi
THE CHRONICLE.
A N D P R O V IS IO N S
at the NEW YORK PRODUCE EXCHANGE and
the CHICAGO BOARD OF TRADE.
CORRESPONDENTS,
Messrs. Smith, Edwards & Co« va tton Brokers.
Liverpool.
^
Jas. Lea McLean, New Orleans.
Memuers of the Cotton, Coffee and Produce Exch’s
JOHN
II,
CLtSJBY A
CO„
COTTON BUYERS,
MONTGOM ERY, A I A ,
PURCHASE ONT,Y <VW f H P’CRB F o r A CnvUTMTO
AGENCY OF
THE
HAXALL
CRENSHAW CO.,
RICHMOND, VA.
Standard Brands of Flour for Shipment to Warm
Climates always on hand.
Robert Tannahill & C o .,
Cotton Commission Merchants,
ORIENT GUANO MANUFACT’G C0„
SECURE B A N K VAULTS
ORIENT, L . I.
Standard Superphosphates.
SULPHUR MINES COMPANY
WELDED CHROME STEEL AND IRON
In Round and Flat Bars, and 5 ply Plates and Angle
FOR
SAFES, V A U L T S, &c.
Cannot be Sawed, Cut or Drilled, and positively
Burglar-Proof.
CHROME
Gironiar« Fraa.
STEEL W O R K S,
n n o f t ir i,v w . tv v
ütjeanxsMps.
OF V IRG IN IA.
High Grade Pyrites free from Arsenic.
Special attention given to the purchase and sale of
FUTURE CONTRACTS
In New York and Liverpool.
Rountree & C o.,
Mohr, Hanemann& C o.,
COMMISSION MERCHANTS,
COTTO«.
YORK,
W alter
&
F atman,
BROKERS,
<8 R E A V E R S T R E E T . N E W Y O R K -
Direct Line to France.
GENERAL TRANSATLANTIC CO.
BAGGING.
W A H R E S , JONES A
G R A T Ï,
B etw een N E W Y O R K an d H A V R E
From Pier (new) 42, North River, foot of Morton St.
ST. LO U IS, M o .
Manufacturers of Pure JuteS Bagging.
f a n H ^ M ^ A ^ l^ FmanKeul" -Set., Jan. 28. 5 A.m !
IMPORTERS OF
w * ¿¿HAMPA6NB), Traub........ Sat.. Feb. 4 11 A M
LA NORMANDIE, de Kersablec, Sat.,Feb.li, 5 A.m '.
IR O N C O T T O N T IE S .
Travelers by this line avoid both transit by English
lna^smalTboaL*disoomiorts oi crossing theCUanne
Jo h n L . Bu l l a r d .
H enry H, wheeler .
PRICE OF PASSAGE (including wine):—To Havre—
Ftat cabin,$100audl^O: second oabin, $60: steer.
beddln8
“
d
uteusiSs.
Re
turn tickets at much reduced rates. Checks on Bano n«
Transatlantique, Havre and Paris,in amount to suit. COTTON COMMISSION MERCHANTS
NEW YORK.
Special T r a in fro m H a v r e to Parle
ALSO
G«116™1®Transatlantique deliver*
Ne? York 8P?0lal train tickets from
B A G G IN G A N D IR O N T IE S ,
Havre to Paris. Baggage checked through to Part*
(FOR BALING COTTON).
without examination at Havre, provided passenger*
have the same delivered at the Company’s dock in
Advances made on Cotton Consignments and Speolal
New York, Pier 42 North River, foot of Morton 8t.
at least two houis.before the departure.of a.s t e a m e r é t t t s a f t r a f t æ f t e “ 3 “ • w FD™ " ’
LOUIS D E »JEWI AN, A gen t.
Bullard & Wheeler,
Geo. Copeland & Co.,
ESTABLISHED 1855.
E u gen e
it.
C ole,
S T A T IO N E R AN D P R I N T E R .
Supplies Banks, Bankers, Stock Brokers and Corporations with complete outfits of Account Boohs and
Stationery
lar* New concerns organizing will have their orders
promptly executed.
N o. 1 W IL L IA M
STREET,
(HANOVER SQUARE.)
COTTON
COTTON, G R A .fi, PROVISIONS,
stock s and Petroleum .
Orders executed in New York, Chieago and Liv
erpool. All grades of cotton suitable!» spinners’
wants offered on favorable terms.
COTTON
ONLY
C otton E x ch an ge B u ild in g , N ew Y o r k .
COTTON BROKERS,
134 P E A R L S T R E E T . N E W Y O R K .
Dennis Perkins & C o.,
COTTON BROKERS,
125 P earl Street, N ew Y o r k .
Orders for Spot Cotton and Futures promptly
executed.
EXCH ANGE
B U IL D IN G ,
New York,
Special attention Given to the E xecution
OF ORDERS FOB FUTURE CONTRACTS.
•3.
Schroeder &
C o.,
Successor* to WARE A SCHROEDER,
C O MM I S S I O N
MERCHANTS,
Cotton Exchange Building,
NEW YO RK.
Orders for future delivery of Cotton executed In
New York and Liverpool ; also for Grain and Pro
visions in New York and Chicago.
B. F. B A B C O C K & C O .
COMMISSION MERCHANTS,
IT W a te r Street, L IV E R P O O L ,
Receive consignments of Cotton and other Prodace,
and execute orders at the Exchanges in Liverpool.
Represented in New York at theofflee of
SAM’L D. BABCOCK
82 Nassau Street, New York.
Geo. W . Baily & C o.,
(COMMISSION MERCHANTS,
COTTON E X C H A N G E B U IL D IN G ,
N ew Y o r k ,
Special attention to orders for contracts for future
delivery of ootton.
Geo. H .M ç F addente Bro*
COTTON
M ERCHANTS,
P H IL A D E L P H IA .
Liverpool Correspondents,
F R E D E R IC ZE R E G A
dc CO.
J a n u a r y 38, 1888.]
THE CHRONICLE.
XU
p tiB C je X X a tx je o n s .
<2Pbtlovu
eb B tto u .
W . T . Hatch & Sons,
MERCHANTS,
N M A N , SW A N N & Co
Post Building, 16 & 18 Exchange Place,
NEW
YORK.
COTTON
LOANS MADE ON ACCEPTABLE SECURITIES.
SPECIAL ATTENTION TO ORDERS FOR CONTRACTS
f o r f u t u r e D e l i v e r y o f Cotton .
N ew
BANKERS,
14 NASSAU STREET, NEW YORK.
BRANCH Offices {
ch apel*JufN ew H aven
Personal attention given at the B
8 1;r
the purchase and sale of STOCKS and BONDS for
<^EPOSIT^W ec BIYE!D—subject to check at sight
—with Interest upon balances.
Special attention paid to INVESTMENTS ftnd
accounts of COUNTRY BANKERS.
MERCHANTS,
Y ork .
COTTON. ALT. GRADES, SUITABLE TO WANTS
OF SPINNERS,
Of f e r e d
on
T erms
to
The Safe
Su i t .
Williams, Black & C o., Hubbard, Price & C o.,
W IL L IA M
OFFERS UNEOUALED
AND
STREET,
C O T T O N , G R A IN ,
P R O V IS IO N S , C O F F E E ,
STOCKS, P E T R O L E U M
ORDERS EXECUTED IN
NEW YORK, CHICAGO, NEW OR
LEANS, ST. LOUIS, LIVERPOOL,
HAVRE, &c._________ _
NORFOLK
YA.
Cotton Brokers & Commission Merchants
Liberal advances made on Cotton consignments,
s norial attention given to the sale of cotton to arr i v e Ä t r Ä for bSth foreign and domestic markets. Orders for Future Contracts executed In New
York and Liverpool.
HAVE ADDED LARGE AND IMPROVED SAFES
SUITABLE FOR BANKERS AND BROKERS.
140, 142 & 146 BROADWAY
Edward H.Coates & C o.,
George
NO. 116 CHESTNUT STREET,
P H IL A D E L P H IA .
88TH ANNUAL REPORT
Bethlehem Iron Comp’y
NORFOLK, VA.
40 and 42 Wall Street,
SPINNERS ORDERS SOLICITED._____
M a n k a tta n B u ild in g ,
Gwathmey & Bloss,
COMMISSION
INSURANCE COMPANY
OF N E W
FRANCIS M. JBNCKS.
President1
H. Vose, Secretary.
Cotton Commission Merchants,
NO. 42 MAIN STREET,
MANHATTAN LIFE
MERCHANTS,
ItiB U u a tx tje .
Phénix Insurance Co.
Orders for future delivery of Cotton executed In
OF
New York and Liverpool! also for Graia and Pro
Nos. 156 & 158 BROADWAY
(INCORPORATED 1835.)
P re sid e n t, J A M E S M . M c L E A Y .
Delaware Mutual
Safety Insurance C o
F irst V ice-P res’ t, J . L . H A L S E Y .
Second T ice-P res’ t, H . B. ST O K E S
Secretary, H , Y . W E M P L E .
A ctuary, S. N. S T E B B IN S.
Statement o f Company 1st D a yof Jan.,>1887.
CASH CAPITAL,.............. ................. f «,S«B,888 »7
Reserve for unearned premiums..........
Reserve for unpaid losses ... ..........
667,086 *5
IS
Net surplus.........................
Cash assets.,............... i.. ...... .
IS»383,171 8
STEPHEN
AND
M A R IN E .
C o m m e r c ia l
CAPITAL STOCK.........................— *360’<XW00
IN C O M E , Y B A R 1 8 8 7 .
Outstanding S c r i p . ,•«•••
716,960 uo
Premiums....... , .................................. $1,461,315 18 Reserve to reinsure Outstanding Risks
and all other Liabilities................... qtq «o« 09
693,008 65 Surplus
Interest and rents..............................
over Capital and Scrip.............. 879,60« o»
Total............................... •'............. $2,154,323 83
TOTAL ASSETS.......... ................$1,719,209 29
D IS B U R S E M E N T S .
N ew Y o r k
Paid claims by death, ma
tured endowments and
payment of annuities... $873,784 88
Paid dividends................. 256,190 95
Paid purchased policies... 184,537 72
Paid salaries, office, agen
cy, real estate, commis
sions, taxes, medical
department, advertising
and other expenses....... 421,136 29—$1,735,649 84
Office, 7 5
U n io n
A s s u r a n c e Co., l im it e d ,
OF LONDON\
Offlo6%Oor%Pins WilUcm Sts*%J
RK
B e a r e r Street
J . R A Y M O N D S M I T H , A g e n t.
LIVERPOOL & LONDON & GLOBE
IN S U R A N C E
COM PANY.
$418,673
L I S T ;O F A S S E T S .
Cash on hand........ ............. !...............
$6,698 33
404,427 76
Cash in bank and Trust Company.......
Bonds and mortgages......................... ,3,546,402 13
Loans on policies In force...........
976,428 75
United States and New York Stocks
and other bonds (market value)...... 2,107,125 00
550,403 25
Real estate, at cost.............................
Premiums deferred and in course of
collection and transmission.............
196,918 64
Loans on stocks and bonds................ 3,523,562 50
n erest due and accrued and all other
property............................................
121,230 09
Gross assets................................. $11,433,196 45
C R O W E L L , P r e s id e n t .
WM. R. CROWELL.Vice-President.
PHILANDER SHAW, Secretary.
GEO. H. FI8KB, Assistant Secretary.
FRANCI8 P. BURKE, Seo’y Local Dept
OF PHILADEPHIA.
F IR E
BROOKLYN,
Office, 195 Broadway, New York City.
visions In New York and Chioago.
ORGANIZED IN 1850.
Claims awaiting proof Jan.
1 ,1887, and since paid ... $185,443 00
Claims awaiting proof
Jan. 1, 1888..................
Dividends, &C., unpaid.....
N ew Y o r k .
No. 123 PEARL 8T „ NEW YORK.
YORK,
Balance, year 1887.......................
S E C U R IT Y .
THE OFFICES HAVE BEEN NEWLY
FURNISHED WITH EVERY IMPROVEMENT.
Price, Reid & C o.,
NEW YORK.
Deposit Co.
OF N E W Y O R K
1 1 7 P e a r l St., N e w Y o r k ,
RAXTruTR« AND COMMISSION MERCHANTS
1
H enry P. Hatch.
Arthur M. Hatch.
Walter T. Hatch.
Hath’I W. T. Hatch.
Woodward & Stillman,
$88,718 30
90,058 27
$178,776 67
STATEMENT
UNITED
STATES
BRANCH
JANUARY
1,
1888.
L IA B IL IT IE S ,
ASSETS.
Real Estate................................ S I,4 5 0 ,0 0 0 00
Loans on Bond and Mortgage...... 1,799*413 2 7
U. S. Governm ent 4 P er Ct.Bonds 1,9 8 4 ,5 0 0 00
State and City Bonds..................
3 4 5 ,0 0 0 00
Cash in Banks........ .....................
699,1544 73
OtherJAdimitted Assets.............
5 1 4,93 7 82
Unearned Premiums.......................... $ 2 ,8 0 0 ,4 3 3 64
U nadjusted Losses .....................•
355,717 53
Perpetual P olicy Liability....................
A ll other Liabilities ..........................
Surplus,
*
IN
8,041.83788
6,793,575 72
6,798,575 82
D IR E C T O R S
332,656 84
2 6 3 ,4 3 6 09
NEW
YOHK.
CHAIRMAN, ROBERT B. MINTUKN.
AT w viw nr-n tr AMTTTON
CHARLES H. MARSHALL.
ALEXANDER HAMILTON.
JOHN A< STEWART.
ANSON PHELPS STOKES.
J. E. PULSFORD
Resident manager , HENRY W. EATON.
deputy Manager , g e o . W. HOYT.;
@FedFRASER